3rd January 2018, Morning Brief

Market will open on a positive note.

US markets recovered even after Apple Inc. added to global growth concerns by cutting its guidance.

Yesterday Nifty opened on a positive note but failed to cross 10900 mark and slid to  10735 and settled at 10792. The Indian rupee on January 2 crashed by 72 paise, its first loss in last four sessions, to close at 70.1750 against the US dollar

Nifty has to surpass 10950-10960 zone to regain the bullishness otherwise breach of 10700 level can be considered as another bear faze for a shorter note.

🎯 News & Impact 🎯

🎯 BoB /Dena /Vijaya Bank :
Dena Bank shareholders to get 110 Bank Of Baroda shares for 1000 held.
Vijaya Bank shareholders to get 402 Bank Of Baroda shares for 1,000 held.

🎯 HDFC :
Company to consider issuance of NCDs worth Rs 45,000 crore on January 29.

🎯 Equitas :
Equitas Small Finance Bank hikes interest rates up to 7.5% on savings

🎯 Tata Power :
BEST to extend 677 MW Power Purchase Agreement with tata power for the next five years.
Positive for the stock. 👍

🎯 Reliance :
Jio added 1.05 crore Subscribers Vs 1.3 crore (MoM).

🎯 Bharti Airtel :
Lost 18.6 Lakh Subscribers Vs Loss Of 23.6 Lakh (MoM).

🎯 Syndicate Bank :
Syndicate Bank and SBI Life Insurance sign a bancassurance pact.

🎯 Ashok Leyland :
Company increases stake in Ashley Aviation.

🎯 Vikram Solar :
Company bags 140 MW solar project from NTPC.

Edited by Sharp.