Market may open with a gap down as SGX Nifty is trading down by 49 points.
Existing trade tensions made global market nervous. Another bearish candle plotted on the daily chart yesterday. Weak opening expected today but chances of buying at lower level may emerge as Nifty has a support at 11430.
🎯 News & Impact 🎯
🎯 Dr. Reddy’s Lab :
Company received tentative approval from USFDA for Esomeprazole Magnesium Tablets.
🎯 Sun Pharma Advanced Research :
Company releases deadlines for the U.S. FDA to review its two new drugs ‘Xelpros’ and ‘Elepsia’ as November 2018 and January 2019 and may shift research center to Vadodara.
🎯 LT Foods arm Nature Bio Foods secures equity funding of Rs 140 crore from Rabobank’s India Agri Business Fund II.
🎯 Goldiam International :
Company received its highest ever confirmed export orders worth Rs140 crore from its International clients
🎯 ABB :
Company has redeemed the entire 600 unsecured rated listed redeemable non-convertible debentures of face value of Rs.1,00,00,000 each on September 4.
🎯 IL&FS Engineering :
CARE Ratings has revised the credit rating of the company for long / short term bank facilities aggregating to Rs 3,091.33 crore.
🎯 Scanpoint Geomatics :
Company has received a project for design and development of software application for North Eastern Spatial Data Repository (NeSDR) from North Eastern Space Applications Centre (NESAC). The aggregate value of the said project is Rs 1.05 crore.
🎯 Jagran Prakashan :
Company has made an additional investment in the equity shares of MMI Online (MMI) by way of acquiring 18,28,300 equity shares, post acquisition will increase to 44.92 %.
🎯 LG Balakrishnan :
ICRA upgraded the rating from MAA- to MAA for accepting the fixed deposits of the company.
🎯 Muthoot Finance :
Company decided to raise funds up to an amount of Rs.5,000 crore.
🎯 Emami Infrastructure mulls modifying its memorandum of association by entering into manufacturing of crude drugs and raw materials, pharmaceutical preparations, aerated and mineral waters and similar other preparation.
🎯 Texmo Pipes and Products :
Company receives orders of HDPE pipe worth Rs.81.30 crore from L&T.
🎯 McNally Bharat Engineering receives construction order worth Rs 108 crore from Neyveli Lignite India (NLC).
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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