29th November, 2018 Morning Brief

A gap up opening expected today as SGX Nifty is trading up by 95 points backed by strong gains in US markets yesterday.

US markets posted strong gains after a dovish tone from the Federal Reserve Chairman Jerome Powell fueled speculation the central bank may pause lifting interest rates next year.

Another green candle was plotted on the daily chart for Nifty50 yesterday. With a strong start, index will breach it's initial resistance of 10770 but may not cross 10850 level today. Today is the expiry day for November month expiry of derivative contracts.

🎯 News & Impact 🎯

🎯 TCS :
Company acquired U.S.-based consulting firm BridgePoint Group which caters to the financial services industry and retirement services.

🎯 GSK :
Company owns the popular milk drink brand Horlicks.

🎯 Cosmo Films :
Company decided to postpone the delivery and commissioning for a new production line for BOPET Film in Maharashtra by 8-10 quarters due to adverse market conditions.

🎯 Sical Logistics :
Company awarded contracts worth Rs. 363.38 crore by Mahanadi Coalfields for extraction of coal and allied transport services in Odisha. 

🎯 Indoco Remedies :
Company commissioned new API manufacturing facility in Maharashtra to enhance manufacturing capacity to 600 tonnes from existing 150 tonnes.

🎯 MLL :
Sold old vessel M. T. Vedika Prem for a consideration of Rs.28.54 crore.

Edited by Sharp.
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