Market will open positively today in continuation of yesterday's bull run.
Nifty ended the November derivatives series on a strong note yesterday with a closing at 10858.7, 1st time after Oct. 1. INR below 70 a $ and Crude oil below $ 60 glittered the recent rally which haar opened the doors toward 11100 level though profit booking at higher is not ruled out.
🎯 News & Impact 🎯
🎯 NBFC (DHFL, Edelweiss Financial, PFC, REC, Bajaj Finance, Indiabulls Housing Finance, Bharat Financial, Shriram Transport Finance, M&M Financial etc.) :
RBI provides liquidity relief to NBFCs, relaxing norms for securitisation transactions by NBFCs and minimum holding period for loans with 5-year maturity.
The Reserve Bank of India said that the minimum holding period requirement for NBFC originating loans, will now be set at six monthly or two quarterly instalments. Earlier, the holding period was 12 months. The revised rules were applicable for loans of original maturity of over five years. This will help housing finance companies, especially those who have longer maturity loans.
🎯 Infosys :
Infosys enables Citizens Energy Group to navigate next phase of its customer service transformation
🎯 Tata Motors-owned Jaguar Land Rover :
Company temporarily halted operations at its engine factory for a two-week production freeze in English Midlands.
🎯 Asian Oilfield Services :
Company received a contract worth Rs. 27.65 crore from ONGC to provide seismic data acquisition services in northern India.
🎯 ITI :
CCEA approved procurement quota to ITI by reserving 30 percent of procurement orders placed by BSNL, MTNL and BBNL for the company’s manufactured products and outsourced items.
🎯 Vodafone Idea :
CRISIL downgraded its rating on non-convertible debentures of Rs.6,000 crore.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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