4th January, 2019 Morning Brief

Market may open on a flat positive note after yesterday's fall on global concern.

U.S. stocks sank after a factory gauge dropped the most in a decade and Apple cut its sales outlook, adding to concern that global growth is slowing. Global markets were on edge on Friday as dire US economic data slammed Wall Street and pushed investors to bet the Federal Reserve could reverse its policy tightening before the end of this year.
Japan's Nikkei spiralled about 3.6 percent lower, led by a spike in the yen. Australian shares skidded over 1 %.

Nifty50 made another bearish candle on the daily chart. Now, Nifty has a trendline support at around 10500-10530 level zone as it has breached the ascending channel pattern.

🎯 News & Impact 🎯

🎯 PowerGrid :

Company's board approved investment of Rs 267.33 crore for 500 MW Thyristor Controlled Reactor in Haryana and Rs 112.12 crore for communication scheme under the Central sector for Western Region.

🎯NHPC :

Company said that shutdown of its Himachal Pradesh Power Station will cause a tentative loss of 35.1 MU in production of electricity 6.5 percent in PAF. The tentative financial loss based on the final tariff determination by Central Electricity Regulatory Commission will be around Rs 30.14 crore, the company stated.

🎯 Sun Pharma :

Company's arm completed the acquisition of 100 percent stake in Japan based Pola Pharma.

🎯 Vascon Engineers :

Company concluded sale of land in Gurgaon and Pune for Rs 50 crore.

🎯 Torrent Power :

The company won power distribution order in Thane for 20 years. 

🎯 Future Enterprises :

Company raises Rs.750 cr via NCDs.

Edited by Sharp.