Market may open on a weak note. Brent Crude fell to $84/bbl, declined 2% after Saudi hiked oil production and expectation of US Government may relax oil import of few countries from Iran despite sanction. It may positive for our market. US and China meeting will be held today of recent trade war issue.
Q2 results session will start from today which may add some stock specific volatility for the month.
10,300 is a decent support from where it recoiled in Friday's session after hitting an intraday low of 10,261 levels. If this level is breached then the next target on downside shall be towards 9,950
🎯 News & Impact 🎯
Result Today : Tata Elexi
New Listing : Avas Financiers
🎯 NBCC :
Company has secured the total business of Rs.353.70 crore in September.
🎯 HFCL :
Company has received an advance purchase order worth Rs 879 crore approximately from Telecommunications Consultants India Limited.
🎯 Gravita India :
Company grabs orders worth Rs 300 crore.
🎯 Texmaco :
Company and Russian firm RZD International signed a memorandum of understanding for working in collaboration for mutually identified various domestic and international projects.
🎯 Sobha :
Sales volume is up by 7 percent as compared to preceding quarter & up by 19 percent YoY.
🎯 MEP Infra :
Subsidiary MEP SANJOSE Talaja Mahuva Road Private Limited has achieved the Milestone One for the project of four laning of Talaja- Mahuva Section of NH-8E in Gujarat on Hybrid Annuity mode under NHDP Phase IV.
🎯 Sagar Cements :
Company's production rose 43 percent to 2,18,519 MT, while sales rose 41 percent to 2,12,048 MT.
🎯 Goa Carbon :
Company’s production fell 9 percent to 16271.7 MT, while sales down 36 percent to 14454.7 MT.
🎯 JSW Energy :
CARE revised the company's ratings on the long term Bank facilities and non-convertible debentures from 'AA-/Negative' to 'AA-/Stable'.
🎯 Escorts :
ICRA reaffirmed and assigned the long-term rating to AA- and short-term rating to A1+.
🎯 GE Shipping :
CARE revised its rating on company's non-convertible debentures of Rs 3,450 crore to AA+/Stable from AAA/Negative.
🎯 Gulf Oil :
ICRA reaffirmed its long-term rating of AA and the short-term rating of A1+.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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