Tuesday, 9 October 2018

10th October 2018 Morning Brief

A flat-positive opening expected today.

Nifty has made a bearish engulfing look a like pattern on the daily chart yesterday. Nifty50 may consolidate in the wide range between 10190 and 10500 and may try to gain a stability before any either side movement. 10190 & 10500 can be considered as an immediate support and resistance levels for the index.

🎯 News & Impact 🎯

Result Today : Zee Entertain, Bandhan Bank.

Listing Today : Garden Reach Shipbuilders & Engineers

🎯 Indiabulls Housing Finance :
Company increased effective lending rates for builder loans by 100 basis points.

🎯 Dr Reddy :
Company launched Colesevelam HCI tablets, a therapeutic equivalent generic version of Welchol (colesevelam HCI) tablets in the United States.

🎯 NTPC / Bharat Forge :
Companies decided to close down the JV BF-NTPC as no activity commenced.

🎯 Jindal Worldwide :
1 Nov. as a record date for stock split.

🎯 Voltas :
Company launched Amazon Alexa compatible air conditioners.

🎯 Mastek :
IDFC MF holds more than 5% stake in the company.

🎯 Graphite India :
Company decided to halt operations in its Bengaluru graphite electrode plant by halting the furnaces in a sequential manner by October end, during the ongoing revamp work for the replacement of roof sheets.

🎯 Healthcare Global Enterprises :
Company's associate arm has signed an agreement to acquire Indian medical diagnostics business of Quess Diagnostics.

🎯 Glenmark Pharma :
Company executed pact to transfer the company’s API business to its wholly owned subsidiary Glenmark Life Sciences.

🎯 NALCO :
Company to consider share buyback on Oct. 12.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

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