Monday, 5 November 2018

6th November, 2018 Morning Brief

A flat-positive opening expected in line with positive Japanese and US markets and as a higher Rupee opening against US$.

Nifty50 has plotted a hanging man kind pattern on the daily chart yesterday as it travelled in a short range and gave a negative closing.

🎯 News & Impact 🎯

Results Updates :

🎯 SBI :
Q2: Net profit was down 40.3% at Rs 944.9 cr vs Rs 1,581.6 cr.
NII was up 12.5% at Rs 20,905.7 cr vs Rs 18,585.9 cr, YoY.

🎯 Power Grid Corporation (Q2)
Revenue up 14.2 % at Rs.8283 crore.
Net profit up 7.9 % at Rs.2309.5 crore.
Margin at 84.2 % vs 89.3 %.

🎯 Coal India :
The Government of India reduced its stake in Coal India by 3.19 % to 75.13%.

🎯 HCL Tech :
Company tied up with Deutsche Bank to provide digital cheque processing platform to the bank.

🎯 Wipro :
Company tied up with Check Point Software to offer cloud solutions to the company.

🎯 Adani Gas :
Company plans to invest up to Rs.8,000 crore in five years.

🎯 Bodal Chemicals :
informed that the majority of dye intermediate operations have restarted

🎯 Siemens :
Competition Commission approves Alstom-Siemens deal.

🎯 Tata Motors :
Company inks pact with Gulf Oil.

Edited by Sharp
© 2018 Sharp Investment & Financial Advisers

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