3rd October 2018 Morning Brief

Market may continue a buoyant start as SGX Nifty is trading up by 53 points today in the morning.

A weak Indian rupee may dent Indian market in the day trade.

Nifty has closed above 11000 mark and plotted a bullish candle on the daily chart after making low of 10821. Another positive closing will be considered as a breach of short term negative trend.

🎯 News & Impact 🎯

🎯 Tata Motors :
Domestic 'sales for September 2018, grew by 20%, at 64,598 units compared to 53,964 units over the previous year.

🎯 Hero Motocorp :
Sales up 7 percent at 7.69 lakh units in September.

🎯 Eicher Motors :
Commercial vehicle sales in September 2018 up at 6,663 units versus 6,083 units in September 2017;
Royal Enfield sales up 2 percent at 71,662 units versus 70,431 units (YoY).

🎯 TVS Motor :
September sales up at 4.24 lakh units versus 3.59 lakh units (YoY).

🎯 Govt. plans for 100 % FDI in insurance broking.

🎯 Vedanta :
Company plans to spend Rs 4,000 crore in exploration.
Positive for the stock. 👍

🎯 MOIL :
Company revised manganese ore prices with effect from Oct. 
Positive for the stock. 👍

🎯 IRB :
CRISIL initiates credit rating of the company with positive outlook.
Positive for the stock. 👍

🎯 Coal India :
Provisional production of April-September 2018 at 256.47 million tonne versus 231.88 million tonne YoY (up 10.6 percent).

🎯 Dr Reddy :
The company sold Cloderm (clocortolone pivalate) cream, 0.1% Franchise to EPI Health, LLC.

🎯 Future Enterprises :
Company to acquire majority stake in Mumbai-based Digital payment startup Livquik for Rs.20 crore.

🎯 Mphasis :
Board approved share buyback at Rs.
1,350 per share.

🎯 HCL Tech :
Completed acquisition of Hönigsberg & Düvel Datentechnik GmbH
Signed a five-year managed services deal with TransGrid.

🎯 Infosys :
Company entered into a three-year collaboration with Cornell University to reshape the workforce driving digital transformation by advancing employee education and research.

🎯 Trigyn Technologies :
Trigyn Technologies, Inc Joins SAP PartnerEdge Program to deliver solutions throughout the US; Also US subsidiary has received a contract to provide general, professional and information technology staff augmentation services for the New York City Housing Authority (NYCHA).

Edited by Sharp.
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