1st January 2019, Morning Brief

We wish you all our readers, traders and investors happy and prosperous 2019.

A flat opening expected today after compromising day yesterday.

Nifty opened on a higher note and slid to end just 2 points above the previous closing to make a bearish candle. Nifty50 could not sustain above 10900 but didn't breach it's ascending channel yet which claims 11100 on the upper side with a trigger of 10700.

🎯 News & Impact 🎯

🎯 Lupin :
Company receives FDA approval for Clobazam Oral Suspension, 2.5 mg/mL.

🎯 Dynamatic Technologies :
Company executed a Business Transfer Agreement with Hi-Tech Arai Private Limited (Purchaser) for divestment of auto division and company will receive Rs.40 crore.

🎯 JMC Projects :
JMC Projects (India) has secured new orders of Rs.596 crore.

🎯 Bank of Maharashtra :
Bank received the equity capital of Rs. 4,498 crore from government.

🎯 Central Bank of India :
Bank has received Rs 1,678 crore by making preferential allotment of shares to government.

🎯 UCO Bank : The bank has received Rs. 3,076 crore by making preferential allotment of shares to government.

🎯 Centrum Capital :
Company's subsidiary, Centrum Financial Services Limited, has successfully acquired the supply chain finance business of L&T Finance Limited (Business), consisting of an asset book of about Rs.650 crore.

🎯 Adani Transmission :
Company and KEC International mutually agreed to extend the completion date (Long Stop Date) to January 31, 2019 for acquisition of KEC Bikaner Sikar Transmission Pvt. Ltd.

🎯 Premier :
Company has, with the consent of its secured lenders, entered into a term sheet for the sale of its property at Chinchwad, Pune, with Runwal Realty Pvt.Ltd.

🎯 Alfa Transformer :
Company received a letter of award valuing Rs.3.82 crore from one of reputed customer Odisha Power Transmission Corporation Limited.

🎯 IOC :
Company to cut non-subsidised LPG price by Rs.120.5 per cylinder.

Edited by Sharp.

31st December, 2018 Morning Brief

Market will open on a positive note with a gap today.

The market continued to rally for the third consecutive session on December 28. Easing tensions between Donald Trump and the Federal Reserve, and hope of likely positive talks between US and China over trade lifted investors sentiment. Stability in crude oil prices and rupee also aided the rally.

Nifty has made an ascending channel pattern on the daily chart commenced from 26th Oct with higher highs and lower lows. Upper breakout may comes around 11100 whereas support comes at around 10700.

🎯 News & Impact 🎯

🎯 Reliance :
Subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL) entered into a binding agreement with renewable energy services company Kanoda Energy Systems Private Limited for acquisition of equity shares for a cash consideration not exceeding Rs.75 crore.

🎯 Cadila Healthcare :
Zydus Cadila received the final approval from the USFDA to market Clindamycin Phosphate and Benzoyl Peroxide gel which is used to treat a certain type of acne.

🎯 Aavas Financiers :
Company received fresh refinance assistance of Rs 400 crore in addition to the approval of undrawn limit of Rs 100 crore pertaining to previous year, in December 2018.

🎯 Bharat Financial Inclusion :
Company assigned a pool of receivables of Rs 849.36 crore to one of the largest private sector banks on a direct assignment basis. With this transaction, the company has completed Direct Assignment transactions worth Rs 3,864.91 crore in FY19

🎯 Powergrid :
entered into a loan agreement for 200 million euros with Germany’s KfW for financing of transmission project for integration of clean energy and system strengthening.

Edited by Sharp.

28th December, 2018 Morning Brief

Market will open with a gap up on a strong US markets' closing.

A more than expected drop in Consumer Confidence Index shaken the investors in US markets but markets shown sudden recovery in the later part of the day.

Nifty50 remained positive through out the last session of December month expiry amid volatility.

Nifty has plotted a bearish candle as it could not sustain above the opening level of 10818 and closed just below 10780.

🎯 News & Impact 🎯

🎯 United Bank of India :
Government said it would infuse Rs.2,159 crore in the equity capital via preferential allotment. 
Positive for the stock. 👍

🎯 Lemon Tree Hotels :
Company entered into a joint venture with private equity firm-Warburg Pincus affiliate ‘Magnolia Grove Investment’ with a primary focus on co-living. This joint venture marks the entry of the company into a new business segment for rental housing accommodation for students and working professionals.

🎯 Kansai Nerolac :
Company entered in to share-purchase agreement with Perma Construction Aids for Rs.29.1 crores. 

Edited by Sharp.

27th December, 2018 Morning Brief

A positive start expected as SGX Nifty is trading up by 38 points in the morning supported by handsome recovery in US markets yesterday and strong opening in Asian markets.

Market took a u turn yesterday after a dip and closed with a gain. Nifty50 plotted bullish piercing type candle on the daily chart yesterday. Nifty50 hold the support of 10530 after it broke down a support of 10600 in the day trade and bounced back to close at 10729.85.

U.S. markets made one of the biggest rallies of the 9 1/2 years with Dow's jump with 1086 points.

🎯 News & Impact 🎯

🎯 Sun Pharma :
Company's arm ‘Dusa Pharmaceuticals’ got awarded Preliminary Injunctive Relief by U.S. federal district court in patent infringement case.

🎯 Cadila Healthcare :
Zydus gets tentative US FDA nod for Febuxostat used for reducing production of uric acid in the body.

🎯 Man Industries : 
Securities and Exchange Board of India imposed Rs 10 crore fine on 3 promoters of the company for failing to make an open offer to the company’s shareholders. 

🎯 NTPC Limited : 
Investment approval has been accorded for Bilhaur Solar Project of 140 MW capacity and Auraiya Solar Project of 20 MW capacity.

🎯 Cimmco :
Company’s promoter Titagarh Wagons to sell 15.4 lakh shares (5.64 % equity) today and tomorrow.

🎯 Lesha Industries :
Stock split from Rs. 10 to Re. 1.

Edited by Sharp.

26th December, 2018 Morning Brief

A flat opening expected today after a Christmas holiday.

Market started the week on a weak note on Monday. Nifty made a bearish candle on the daily chart. Nifty has now a support at 10600 level.

U.S. stocks tumbled to the lowest since May 2017 as the turmoil in Washington kept investors on edge after the worst week for American equities in almost a decade. Market will be volatile ahead of derivative expiry tomorrow.

🎯 News & Impact 🎯

🎯 Auropharma :
Company gets US FDA nod for Vecuronium Bromide Injection (10-20 Mg)

🎯 Chemfab Alkalis :
Company commissions PVC-O project at Andhra Pradesh facility.

🎯 Autoline Industries :
Company entered into MOU with Poddar Habitat to transfer land at Chakan, Pune. 

🎯 PFC :
Company transfers wholly-owned subsidiary to Adani transmission.

🎯 Blue Blends :
Company defaults on payment of principal and interest amounting to Rs 49.92 crore on NCDs issued by the company.

🎯 Ganesh Films :
Company acquired the sole theatrical distribution rights for North India region from Clap Board Production for the action film Adanga Maru (Tamil).

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

24th December, 2018 Morning Brief

Market will open on a flat note today after a massive fall in last session.

The sell-off in U.S. stocks deepened Friday with a looming government shutdown adding to investor worries. 

10990 - 11000 will may act as the resistance zone whereas 10750 & 10600 will be the support levels.

🎯 News & Impact 🎯

🎯 InterGlobe Aviation :
Company signed codeshare mutual agreement with Turkish Airlines.

🎯 Fortis Healthcare :
SEBI orders Singh brothers and other eight group companies to repay Rs 403 crore to company itself.

🎯 Entertainment Network (India) :
Company board approved the company’s foray into U.S. Markets. 

🎯 Petronet LNG :
Company restructured its LNG pact with Qatar based LNG Supplier ‘RasGas’.

🎯 Info Edge :
Company arm increased stake in Nopaperforms Solutions to 48.1% by investing Rs.28 crore. 

🎯 Inox Leisure :
Company commenced commercial operations of Multiplex Theatre in West Bengal.

🎯 BHEL :
Company is in talks with U.S. Firm for lithium ion battery joint venture. 

🎯 Sundaram Finance :
Competition Commission of India approves acquisition of 40 % stake of Royal Sundaram General Insurance Company to Ageas Insurance International N.V.

🎯 Lumax Auto Technologies : 
Board approved merger of its wholly owned arm-Lumax DK Auto Industries with self.

🎯 Infosys : 
Likely to buy back shares again for $1.6 billion.

🎯 Himachal Futuristic Communications :
Company has received two contracts totalling Rs.148 crore from L&T to execute the telecommunication systems projects for the Mauritius Metro Express Project and for the Dhaka Metro Mass Rapid Transit System.

🎯 Reliance Industries :
Company completed acquisition of 5.56 % strategic stake in Vakt Holdings Limited, UK.

🎯 Unichem Laboratories :
Company has received ANDA approval from USFDA for Pramipexole Dihydrochloride tablets, which are indicated for the treatment of Parkinson's disease.

🎯 Adani Enterprises :
Company incorporated a wholly owned subsidiary (WOS) namely, Adani Water Limited.

Edited by Sharp.

21st December, 2018 Morning Brief

Market will open on a negative note followed by US and Asian markets.

U.S. stocks fell for a second day after the Federal Reserve raised benchmark interest rates and said that it would continue to let its massive balance sheet shrink at the current pace.

Nifty formed a bullish candle on the daily chart yesterday and recovered almost all the losses to end with a point of loss. Nifty didn't break its support level of 10870 mentioned in yesterday's blog and took the support at 10880 and closed at 10951.7. In order to achieve it's near target of 11090, Nifty50 has to trade above 10850 - 10870 level zone.

🎯 News & Impact 🎯

🎯 Bharti Infratel :
Bharti Airtel’s board approved sale of up to 59.12 crore equity shares, representing 32 percent stake of Bharti Infratel owned by the company to its arm Nettle Infrastructure Investments. 

🎯 NHPC :
Company said 520 MW power station in Himachal Pradesh would be under complete shutdown from three months with effect from Dec. 20.

🎯 Bosch :
Company said it will would close Karnataka’s Bidadi Plant from Dec. 28-29 due to reduction in volumes seen.

🎯 Entertainment Network (India) :
Company said due to a fire breakout at Common Transmission Infrastructure at Mumbai, terrestrial broadcasting has been disrupted at the company’s Mumbai radio station and other private broadcasters in Mumbai.

🎯 Coal India :
Company declared dividend of Rs.7.25 per share.

🎯 Indian Hume Pipe :
Company received letter of acceptance for constructions of drinking water supply projects worth Rs 502.89 crore in Andhra Pradesh.

🎯 Indiabulls Real Estate :
Company entered into an agreement with Blackstone to divest up to 50 percent stake in two office assets in Gurugram at aggregate value of Rs.464 crore.

🎯 HT Media’s :
Company board approved to acquire 25 % stake in Next Mediaworks’ promoters for Rs.45.15 crore and to additionally acquire 26 percent stake, by triggering an open offer.

🎯 JSW Steel :
Company said it would infuse Rs.63.5 crore in Vardhaman Industries to pay the creditors as per the Resolution Plan by NCLT.

🎯 Escorts Group :
Company increased its stake in Optunia Power Infrastructure from 49 % to 99 %.

🎯 Mercator :
Company sold vessel for $7.6 million and said that proceeds of this sale would be used to reduce debt and liabilities.

🎯 Time Technoplast :
Company received power cable-ducts orders worth Rs.150 crore from various EPC Contractors.

🎯 HCL Technologies :
Company partnered with Israel based Cloudify to bring 5G network solutions to telecom providers.

🎯 Infibeam Avenues :
Company and IBM India executed agreement to develop, implement and promote blockchain applications to Indian clients on Linux platform.

Edited by Sharp.

20th December, 2018 Morning Brief

A gap down opening can be witnessed today as Asian stocks declined after US stocks declined sharply on Wednesday after the Federal Reserve’s forecast of fewer interest-rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy.

Benchmark indices closed higher for the seventh consecutive session on December 19, driven by lower oil prices and bond yields. A likely dovish stance by the Federal Reserve in its policy meeting decision due tonight and continued liquidity infusion by RBI via open market operations (OMOs) also boosted market sentiment.

10870 should be a support level for Nifty50 in coming sessions.

🎯 News & Impact 🎯

🎯 Pfizer / GlaxoSmithKline
Pfizer Inc entered into a joint venture agreement with GlaxoSmithKline Plc to create a global consumer company. 

🎯 Uflex :
Company launched three packaging foil solutions for pharma companies.

🎯 TCS :
Tata Consultancy Services launched Cloud Solutions Program in Canada. 

🎯 Cosmo Films :
Company launched sterilisable conduction sealing film.

🎯 Alembic Pharma :
Company received zero observations under Form 483 from the U.S. FDA for its API facility in Gujarat.

Edited by Sharp.

19th December, 2018 Morning Brief

Market will open on a positive note in continuation of yesterday's rally.

Yesterday, market gradually recouped losses in the second half and turned positive in last hour of trade to close the session above 10,900 levels on the Nifty. Thanks to crude oil prices, that fell 4 percent intraday, the rupee appreciated closing 111 paise higher at 70.44 a dollar.

US markets ended cautiously ahead of Fed meeting outcome.

🎯 News & Impact 🎯

🎯 The Reserve Bank of India announced plan to scale up liquidity infusion via purchase of government bonds.

🎯 Biocon :
Company says biosimilar Trastuzumab gets approval in European Union.

🎯 Welspun Enterprises :
Company divested 50 % stake Dewas Bhopal Road For Rs.184 crore.

🎯 Broadcasting companies :
TRAI sets maximum retail price of pay television channels that are offered by 42 broadcasters in the country to subscribers.
Positive for the sector.

🎯 J Kumar Infraprojects :
Joint venture received EPC orders worth Rs.1,349 crore from National Highways Authority of India for Delhi.

🎯 NTPC :
Company said that unit 6 of 500 MW capacity of Feroze Gandhi Unchahar Thermal Power Station had been restored and synchronized with the grid after boiler restoration.

🎯 Karnataka Bank :
Bank tied up with Paisabazaar.com to offer Bank’s home loan products to customers.

🎯 Fortis :
Yes Bank said that it sold 2.13 % stake in Fortis Healthcare. 

🎯 Dr Reddy :
Gets Tentative US FDA Nod For Sapropterin Dihydrochloride.
Positive for the stock. 👍

🎯 Commercial Engineers :
Bags wagon order worth Rs.152.3 crore.

🎯 Glenmark :
Company announces entry into branded dermatology segment in USA.

Edited by Sharp.

18th December, 2018 Morning Brief

Market will open negatively because of a sell-off in US markets and weaker start on Asian bourses.

Nifty50 continued it's Northward journey and registered a highest closing since 1st October 2018. Nifty ended at 10888 after touching 10900 level. Now it should sustain above 10800 level and surpass 10950 resistance to leap towards its next target of 11090 & 11400.

A sell-off in U.S. stocks that sent the S&P 500 Index to its lowest close in 14 months spread to Asia, suggesting investor worries about the outlook for growth that are at odds with the projected Federal Reserve interest-rate hike on Wednesday.

🎯 News & Impact 🎯

🎯 Graphite India :
Karnataka State Pollution Control Board renewed the consent to operate for Graphite India’s electrode plant in Bengaluru for a period up to June 30, 2020 only with the condition to shift the unit from the existing location.

🎯 Tata Motors :
Tata Motors-Jaguar Land Rover hired Boston Consulting Group for $3.2 billion turnaround plan.

🎯 NMDC :
Company revised prices of lump ore at Rs.3,250 per ton and fines ore at Rs.2,860 per month with effect from Dec. 13.

🎯 Bank of Baroda :
BoB to shut three overseas branches by June.

🎯 M&M :
Company signed agreement with Sampo Rosenlew Oy, Finland, an Associate of the Company to increase stake from 35% to 49.04%

🎯 Mac Charles Hotels :
Goa based public listed company will add another 160 rooms effective from 1st January 2019, taking the total number of rooms to 238.

Edited by Sharp.

17th December, 2018 Morning Brief

A positive opening expected today backed by positive U.S. equity futures edged up with stocks in Japan market.

U.S. stocks closed at their lowest level since April as mounting concern over the health of the global economy overshadowed positive trade developments and signs of strength from the American consumer.

🎯 News & Impact 🎯

🎯 Cadila Healthcare :
Company received U.S. FDA approval to market Albendazole tablets. This shall be manufactured at SEZ, Ahmedabad.

🎯 Solara Active Pharma Sciences :
Company's research centre at Chennai receives zero observations on Form 483 from U.S. FDA.

🎯 Larsen & Toubro: MMRDA terminates contract with joint venture of company and SCOMI Engineering for their failure to fulfill obligations. 

🎯 Wipro :
Company's arm ‘Topcoder’ gets into strategic partnership with Denmark based Saxo Bank to give digital solutions.

🎯 Future Consumer :
Company sells its stake in Amar Chitra Katha for Rs 44.4 crore.

🎯 Infosys :
Company to divest stake in CloudEndure for $15.3 million or Rs 110 crore. The company in 2015 picked up minority stake in CloudEndure for $4 million.

🎯 Vedanta :
National Green Tribunal allowed company to resume operations of copper smelter at Thoothukudi and directed the Tamil Nadu Pollution Control Board (TNPCB) to pass fresh order of renewal of consent and restoration of electricity supply for operations within 3 weeks from the date of the order.

🎯 Teva Pharma :
Company gets US FDA nod for Herzuma, biosimilar to Herceptin, for treatment of HER2.

🎯 NTPC :
Company acquired Barauni Thermal Power Station (720 MW) in district Begusarai, Bihar from Bihar State Power Generation Company Limited.

Edited by Sharp.

14th December, 2018 Morning Brief

Flat opening expected today after doji pattern formed yesterday on daily chart for Nifty50.

As mentioned in previous blog, Nifty didn't go beyond 10850 level because of some profit booking after two days' robust rally and closed below 10800 mark. It's important to see whether it will hold the 10740 level.

🎯 News & Impact 🎯

🎯 IOC :
Indian Oil Corporation’s board announced share buyback at 149 and dividend of Rs.6.75 per share.

🎯 Capital First :
NCLT approved amalgamation of Capital First and its two arms Capital First Home Finance and Capital First Securities with IDFC Bank.

🎯 Bharti Airtel / Idea :
Telecom tribunal sets aside TRAI’s tariff order of February on predatory pricing and discounted tariff. This brings relief to Bharti Airtel and Vodafone Idea as they continue to offer segmented plans. 

🎯 Lupin :
Company received tentative US FDA approval for Dimethyl Fumarate Delayed release capsules, 120 mg and 240 mg, which are indicated for the treatment of patients with relapsing forms of multiple sclerosis.

🎯 Adani Enterprises :
Company's defence arm acquired 1.3 crore shares in Alpha Design Technologies for Rs 400 crore. 

🎯 Dilip Buildcon :
Company's arm received financial closure for its HAM project in Madhya Pradesh for Rs 1,004 crore.

🎯 GTL Infra :
Company said that the company is left with Rs.389 crore of operational costs due to non-occupied towers. 

🎯 Premier Explosives :
Company has received an order from an Israel company for design, development, fabrication and assembly of Rocket Motors. Order amount is $41,000 and is to be executed in six months.

Edited by Sharp.

13th December, 2018 Morning Brief

Another gap up opening expected supported by lower inflation figures and Asian markets which ticked higher alongside U.S. equity futures on Thursday after a series of positive developments in U.S.-China trade talks buoyed global stocks.

Nifty50 formed robust bullish candle on the daily chart for the second consecutive session. Nifty has resistance at 10740 & 10850 and we may witness a profit booking around these levels. 10600 is the immediate support level for Nifty50.

🎯 News & Impact 🎯

October IIP at 8.1% Vs 4.5% (MoM)

November CPI at 2.33% Vs 3.38% (MoM)

🎯 Sun Pharma :
Company’s Taro received tentative ANDA approval for Dapsone by the U.S. FDA.
Positive for the stock. 👍

🎯 Lupin :
Company announced that European Union’s General Court upheld European Commission’s decision in Perindopril litigation. The pharma company is liable to pay fine of 40 million euros.
Negative for the stock.

🎯 Strides Pharma Sciences :
Company's Singapore arm received U.S. FDA approval for Lidocaine Ointment.
Positive for the stock. 👍

🎯 Bandhan Bank :
RBI allowed the bank to open 40 new branches. 
Positive for the stock. 👍

🎯 Pricol :
Company signed a joint venture agreement with Israel-based mobile resource management company ‘Pointer Telocation’ to provide digital telematic solutions to both OEM and after-market segment players in India and other countries in South East Asia.

Edited by Sharp.

12th December, 2018 Morning Brief

After a surprise rally for yesterday, market will open on a flat positive note today.

The market shrugged off the outcome of polls in five states and impact of Urjit Patel's resignation as RBI Governor and reversed all it's steep gap down opening losses in the afternoon session and closed higher on short covering.

Traders would remain cautious ahead of key economic data due on Wednesday evening and Federal Reserve meeting next week.

Asian equities climbed with U.S. stock futures and the offshore yuan after the senior executive of China’s tech giant Huawei Technologies Co. was granted bail, potentially improving the outlook for U.S.-China trade talks.

🎯 News & Impact 🎯

🎯 Dr. Reddy’s Laboratories will have to wait a little longer before it can start selling a generic version of Indivior Plc’s Suboxone Film opioid addiction treatment, a U.S. appeals court ruled Tuesday, according to Bloomberg report.

🎯 Reliance :
Reliance Industries’ telecom unit Reliance Jio Infocomm board approved transferring fibre and tower businesses into two separate companies. 

🎯 Cadila Healthcare / Zydus Wellness: Competition Commission of India approved acquisition of Heinz India jointly with Cadila Healthcare. It will be acquiring business related to the four brands—Glucon-D, Nycil, Sampriti Ghee and Complan.

🎯 IOC :
The Government of India reduced its stake in the company by 2.69 percent to 54.06 percent.

🎯 Tata Sponge Iron :
Competition Commission of India approved acquisition of Usha Martin’s steel division for around Rs 4,300-4,700 crore.

🎯 Unichem Laboratories :
Company received tentative approval for ANDA-Tadafil Tablets from U.S. FDA.

🎯 PNC Infratech :
Company arm submitted financing documents to NHAI regarding its HAM project in Karnataka worth Rs.1,157 crore. The company now has submitted documents for financial closure for all its 7 HAM projects.

🎯 UFO Moviez India :
Company’s non-promoter investors agree to sell their shares in Qube Digital Cinema Pvt. Ltd. to UFO Moviez and ICICI Ventures at Rs 264.88 per share as against an earlier decided price of Rs. 302.65.

🎯 Phoenix Mills :
Company entered into a SPA with Insight Mall Developers and Island Mall Developers for sale/disposal of the entire equity holding in Insight by the Company, in favour of Island.

🎯 Kaveri Seeds :
Company board meet on December 20 to consider merger of two wholly owned subsidiaries of the company.

🎯 Wipro :
Company launched Automotive Innovation Center in Detroit, Michigan.

🎯 Shalby :
Company signed MOU with International SOS for providing medical assistance to foreign travelers to India. 

Edited by Sharp.

11 December, 2018 Morning Brief

Start with a plunge as expected today after surprise policy of resignation by RBI Governor & Deputy Governor. Asian stocks extended this week’s declines as investors shrugged off a U.S. rebound India VIX moved up sharply by 10.85 percent at 20.60 levels and which will remain constant or will rise.

Following are the possibilities about Market today.

A) Retaining 3 states, market may recover early losses.
B) Losing 1 state and retaining 2 states, market may trade nervously.
C) Losing 2 or more states, market may react pessimistically and Nifty may see 10000 mark in coming days.

🎯 News & Impact 🎯

🎯 Titagarh Wagons :
Company has been awarded a contract to manufacture and supply 5,058 wagons to Indian Railways for Rs.1,560 crore.

🎯 Lupin :
Company received tentative U.S. FDA approval for Apibaxan Tablets, which is used for reducing risk of stroke and deep vein thromobosis.

🎯 Zensar Technologies :
Company selected as IT infrastructure partner by European Bank for reconstruction and development.

🎯 Cox & King :
Company's arm’s Education division received requisite approvals from respective authorities including the anti-trust approval for its sale to U.K. based Midlothian Capital Partners for 467 million pounds.

🎯 Wipro :
Wipro Digital to expand Asia Pacific design capabilities in Australia.

🎯 Oil India :
Govt cuts stake in co by 2.9 % to 63.2 %.

🎯 KDDL :
Acquisition of swiss watch company named Estina AG for CH 4,00,000.

Edited by Sharp.

10th December, 2018 Morning Brief

A gap down opening expected today tracking US and Asian markets with an uncertainty over tomorrow's election results as exit polls indicated mixed results in key states.

Wall Street’s main indexes fell more than 2 % on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over US-China trade tensions and interest rates convulsed Wall Street

Nifty50 has a proven support at 10600. Looking ahead considering the volatility the next support levels could be 10490,10360 & 10180. Whereas 10740, 10950 & 11090 are the key resistances.

🎯 News & Impact 🎯

🎯 Escorts :
Company transferred existing RT Crane business to its JV company with Japan-based Tadano for Rs 35 crore, on a slump sale basis.

🎯 HEG :
Company said in its investor presentation that there could be a window of opprtunity to export graphite electrodes to China till 2022 as new electrode capacities in China would take longer time to come up than steel capacity.
Positive for the stock. 👍

🎯 Tata Sponge :
Government gives environmental clearance to increase the production capacity of direct reduced iron plant to 4,65,000 TPA from 4,25,000 TPA.
Positive for the stock.

🎯 Sugar stocks :
Oil Ministry said that the ethanol blending in petrol would double to 8 %.
Positive for Sugar stocks. 👍

🎯 Adani Power :
MERC finds increase in billing for Adani electricity customers to be unduly high; to appoint fact finding panel to check why bill amounts have shown unusual increase.
Negative for the stock. 👎

🎯 Mangalam Drugs & Organics :
Unit-1 facility was recently inspected by WHO prequalification team and the company has received the WHO Pre-qualification approval for Unit-1.

🎯 Brigade Enterprises :
Brigade Group announces the launch of Parkside- Independent living for seniors, across Bangalore.

🎯 Seamec :
Company entered into a Charter Party with Supreme Hydro Engineering Pvt Ltd for charter hire of vessel 'Seamec Princess' for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 150 days with option for extension. The value of Charter during firm period is $3.08 million.

🎯 Arrow Greentech :
Subsidiary Avery Pharmaceuticals Private Limited (Arrow Rx) received an approval for site plan to manufacture Mouth Dissolving Strips from Food & Drugs Control Administration (FDA).

🎯 Uflex :
Company has entered into an agreement to acquire 100 percent shares of Flex Chemicals Private Limited, Russia.

Edited by Sharp.

7th December, 2018 Morning Brief

A gap up opening expected after yesterday's fall as Asian stocks posted modest gains in early trade following an afternoon rally in the U.S. that erased most of the day’s losses.

Nervousness ahead of exit polls and results of five state elections, consistent global weakness and fall in INR valuation against US$ spooked markets yesterday.

Nifty50 has taken the support at 10600 which was very crucial as mentioned in yesterday's blog. Today market will trade on a cautious note ahead of exit poll outcome which will be flashing after market hours today.

🎯 News & Impact 🎯

🎯 HCL Technologies :
Company to buy select IBM software products for $1.8 billion. 

🎯 Sonata Software :
Company plans to acquire Australia Headquartered.

🎯 Lupin :
Lupin’s Canada arm received an approval from Health Canada for Zaxine drug used for the treatment of irritable bowel syndrome. 

🎯 Coal India :
Government sold 2.21% shares of Coal India. worth Rs 3,300 crore to Reliance Nippon Life Asset Management as the asset management company of the CPSE ETF mutual fund scheme.

🎯 Wipro :
Wipro’s digital business arm announced expanded global partnership with the U.S. based ‘Alfresco’ to offer open source digital solutions.

Edited by Sharp.

6th December, 2018 Morning Brief

Another gap-down opening will be witnessed on the Dalal Street today because of international markets' meltdown.

US stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.

Nifty50 took the support at 10750 which is also a 200 DMA level but its interesting to see whether today it will sustain above the level or will it slide towards 10600 mark an another crucial support.

🎯 News & Impact 🎯

🎯 Results Today :
Muthoot Finance

🎯 Power Grid Corporation : 
Company was declared a successful bidder under tariff based competitive pricing to establish transmission system for 2 X 660MW Thermal Power Project and construction of 400Kv substation with associated lines in Uttar Pradesh.
Positive for the stock. 👍

🎯 REC / PFC :
Cabinet will consider the proposal for PFC acquiring entire government holding in state-owned REC, which will fetch the government around Rs 15,000 crore (PTI).
Positive for REC.

🎯 GlaxoSmithKline :
Moody’s changed GlaxoSmithKline PLC outlook to negative from stable and its guaranteed subsidiaries.
Negative for the stock.

🎯 Adani Green Energy’s arm won a contract for 390 MW Wind-Solar Hybrid Auction at Rs.2.69 per KW-hour, said Sanjay Sharma, General Manager of Solar Energy Corporation of India. In the auctions for 840 MW worth of project the remaining tender was won by Softbank’s India JV for clean energy at a price of Rs 2.67 per KW-hour.

🎯 Lemon Tree Hotels :
Company opened a 201-room hotel property in Pune.

🎯 Trygyn Tech :
New York-based enterprise artificial intelligence startup WhizAI raises $1.1 million in seed funding led by Trigyn Technologies, Inc.

Edited by Sharp.

5th December, 2018 Morning Brief

Market will open with a gap down today jittered by a plunge in US markets and so Asian.

Nifty has made a doji type candle on the daily chart yesterday which signals an uncertainty. Nifty has a scope to recover the opening losses at the second half of the day if the outcome of RBI policy will be in favour. Otherwise Nifty has a support at 10750 level.

🎯 News & Impact 🎯

Result Today :
REC

🎯 PFC / REC :
Cabinet board to meet today to discuss merger both PFC and REC.

🎯 Lupin :
Company launched Silodosin Capsules after it received an approval from the U.S. FDA. 
Positive for the stock. 👍

🎯 Kesoram Industries :
Company had demerged it's tyre business  as Birla tyres with 1:1 ratio. Turnover of the de-merged business is Rs.1,453 crore which is 39 percent of the total revenues, as per the annual general report of financial year 2017-18. 

🎯 Tata Motors: S&P Global Ratings cut the automaker’s long term rating deeper into junk. 
Negative for the stock.

🎯 Oil India :
Company commissioned Cyclic Steam Simulation Technology in it’s well in Rajasthan, for extraction of heavy crude oil for the first time in India.

🎯 Kridhan Infra :
Company arm received order worth Rs 105 crore for highway project in Maharashtra.

🎯 TCS :
Company launches intelligent power plant solution to digitally transform utilities' operations.

Edited by Sharp.

4th December, 2018 Morning Brief

Market will open on a flat note today ahead of RBI monetary policy.

US China trade truce resulted into a rally on Wall street last night but jittered on Asian cues in the morning today.

🎯 News & Impact 🎯

🎯 Uflex :
Company's global film manufacturing arm received an U.S. patent that covers the entire categories of BOPET films. The company got the exclusive rights of manufacturing of the special film in the U.S., Europe and India.

🎯 NCC :
Company received two new orders worth Rs.220.2 crore for November from state government agencies. Of this, Rs.174.2 crore pertains to the electrical division while Rs.46 crore is for water division.

🎯 NMDC :
Company revised Lump Ore prices to Rs. 3,550 per ton and Fines at Rs.3,110 per ton, effective Dec.1.

🎯 Welspun Enterprises :
Company arm signed a concession agreement with NHAI for a four-laning construction project in Tamil Nadu.

🎯 India Cements :
Company acquired controlling stake of 51 % in Springway Mining Private Limited.

🎯 Sun Pharma :
Company clarified that it has not been involved in any insider trading norm violations relating to the Ranbaxy deal. 

🎯 Ceinsys Tech :
Company bagged project from Thane Smart City Limited worth Rs 121.04 crore towards supply, installation, commissioning, operation & maintenance for smart water meter & related infrastructure work for water supply system of Thane City

🎯 Infibeam Avenues: Company signed agreement for investment into Instant Global Paytech Private Limited.