27 September 2018

A positive opening expected as SGX Nifty is trading up by 23 points.

A range bound session ended with minor losses yesterday as traders remained cautious ahead of FED meeting outcome whether it will hike interest rates later this year.

US markets ended on a lower side yesterday.

Declining trend of Nifty50 can be breached if it closes above 11150 today. Derivative contracts' expiry of September month today may keep market volatile.

🎯 News & Impact 🎯

🎯 BSE :
Gets SEBI approval for futures contract in gold, silver.

🎯 HCL Tech :
Company signs new five-year infrastructure services contract with Anglo American.

🎯 IIFL :
IIFL Wealth Finance approves raising Rs 500 crore via debentures.

🎯 Torrent Power :
Company wins order for 115MW wind power project from Solar Energy Corporation of India. The bid tariff for the new capacity addition was Rs 2.76/KWH.

🎯 TD Power Systems :
Company board approves buyback of 11.7 lakh shares representing 3.53 % of the equity capital.

🎯 State Bank of India :
Bank committee approves divestment of its 86.2 lakh shares constituting 4 percent stake in SBI General lnsurance for Rs. 481.73 crore to Axis New Opportunities AIF-l and Pl Opportunities Fund (owned by Azim Premji.

🎯 Rcom :
Company in talks to sell controlling stake after asset sale to Jio.

🎯 Reliance Infra :
Company clarifies that the company is compliant of MERC order, with response to news that the company was pulled for buying costly coal and driving up electricity rates.

🎯 NBCC :
Company receives principle approval from Air India to monetize or redevelop its land parcel in Delhi.

🎯 DHFL : 
BNP Paribas acquired 51.5 lakh shares (1.64 percent) at Rs 297.87 each.
Positive for the stock. 👍

🎯 Chambal Fertilisers & Chemicals : Promoter acquired 77,500 shares from Sept. 24-25.
Positive for the stock. 👍

🎯 UPL :
Company promoter acquired 88,700 shares on Sept. 24.
Positive for the stock. 👍

🎯 Mannapuram Finance :
Company promoter and director VP Nandakumar acquired 15 lakh shares from Sept. 11-21.
Positive for the stock. 👍

🎯 KEC International :
Company promoter acquired 40,000 shares from Sept. 24-25.
Positive for the stock. 👍

🎯 Infibeam :
Infibeam Avenues promoter group acquired 13.4 lakh shares on Sept. 21.
Positive for the stock. 👍

🎯 Ganesh Films :
Company has acquired the sole theatrical distribution rights for North India region from Studio Green for the movie 'Nota' and from Neelam Productions for the movie 'Pariyerum Perumal

🎯 Basic customs duty has been increased on 19 items to curb import of certain items.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers