Market will open on a negative note today after a pull back rally.
Dow & S&P 500 both posted nearly 1.5 %gains whereas Nasdaq reported 2 %jump yesterday after last week’s sell-off.
Nifty50 recovered almost 100 points yesterday to regain 10600 level but failed to hold 10650 mark. It is interesting to see whether Nifty overcome 10650-10700 zone hurdle or not in coming sessions.
🎯 News & Impact 🎯
Major Results Today :
Rel Capital
🎯 Sun Pharma :
Company entered into a definitive agreement to acquire 100 percent stake in Japan based-Pola Pharma for $1 million.
Positive for the stock. 👍
🎯 Nava Bharat Ventures :
Company and its arm signed a contract with Tata Power Trading for power supply of 125MW to Telengana State Grid.
🎯 Unichem Laboratories :
Company received EIR for post marketing adverse drug experience inspection by U.S. FDA.
🎯 IFCI :
Company received Rs.491.84 crore via NCLT on account of resolution passed by Binani Cements.
🎯 Linde India’s :
Acquisition from BOC Group, Praxair and Linde Holdings Netherlands BV triggered an open offer of its 25 percent equity stake to the public, payable by the acquirers amounting to Rs 589 crore if the full offer is accepted.
🎯 IL&FS Transportation Networks : Interest due and payable on November 26 on the NCDs was not paid to the debenture holders due to insufficient funds.
Negative for the stock.
🎯 Suzlon Energy :
Company has completed sale of Tornado to CLP and accordingly Tornado has ceased to be a subsidiary of the company.
🎯 Sunil Agro Foods :
Company has commenced commercial production on the expanded capacity.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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