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.