15th January, 2019 Morning Brief

Market will open positively today.

S stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown.

Nifty50 has plotted a bearish candle on the daily chart yesterday. It is in continuation of a pennant formation pattern since last few session. Broadly, it is showing 10830 & 10600 are the edges which may brace. Anyside breaching will add momentum.

🎯 News & Impact 🎯

🎯 Major Results Today :
Zee

🎯 Bharti Airtel :
Company said that it had paid its due to Aircel Group companies on Jan. 10, after the Supreme Court passed orders to the effect that bank guarantees worth Rs 453 crore shall stand cancelled.

🎯 Indiabulls Venture :
Company said it was selling its stock broking business on a slump sale basis to wholly owned arm. There is no agreement, yet. Net worth of broking business is about 15 percent to the total net worth of the company.

🎯 Mcdowell-n :
Company entered into an agreement for the sale of 100% equity Four Seasons Wines to Quintela Assets and Grover Zampa Vineyards for Rs.31.86 crore.

🎯 Tata Power :
Resurgent Power is a joint venture based out of Singapore and is held 26 percent by Tata Power through its wholly-owned Singapore based subsidiary. Now the balance 74 percent of Resurgent Power is held by ICICI Bank, Power Platform Limited and Kuwait Investment Authority.

🎯 Vakrangee :
Company launched 3,300+ NextGen Vakrangee Kendras across India.

🎯 Cipla :
Bio-Thera said that it had reached its licensing agreement with Cipla for bevacizumab biosimilar under which Cipla will have exclusive rights to distribute and market the cancer biosimilar drug in select emerging markets. 

🎯 Bajaj Finance :
The Reserve Bank of India imposed monetary penalty of Rs 1 crore on Bajaj Finance due to regulatory compliance issues.

Edited by Sharp.