Monday, 10 December 2018

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.

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