A flat opening expected as SGX Nifty is trading up by 1 point.
Nifty opened on a positive note yesterday but failed to hold the momentum and nose dived to end at day's low. GDP growth rate couldn't able to provide the strength to the bulls and resulted a strong bearish engulfing candle on the daily chart. Profit booking in all sectors is the reason behind the all round sell-off.
🎯 News & Impact 🎯
🎯 Jet Airways :
Company's long-term rating cut to ‘BB’ from ‘BB+’ at ICRA.
Negative for the stock.
🎯 VST Tillers :
August sales data: Power tillers sales up 1.1 % at 1,646 units versus 1,628 units and tractors sales down 49.7 % at 517 units versus 1,028 units.
🎯 Persistent Systems :
Company's U.S. arm acquires 100 percent stake in Herald Technologies for $5.2 million.
🎯 Muthoot Finance :
Company to consider raising Rs.5,000 crore vis non-convertible debentures.
🎯 GMR Infra :
Company divests stake in four Indonesian firms.
🎯 Relinfra :
Company has paid Rs.2,640 crore outstanding electricity dues to Maharashtra government.
🎯 BHEL :
NHPC signed MoU with BHEL for consultancy and joint cooperation in Hydro-electric Projects in India for a period of 3 years from the date of signing.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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