Sunday, 17 February 2019

18th February, 2019 Morning Brief

Market may open on a flat note today after a relief rally of Friday.

Asian stocks rose on Monday following a strong U.S. session on Friday amid optimistic signs on the economy and trade discussions.

Nifty has made a bearish candle on daily charts for the seventh consecutive session, which resembles a hammer  pattern.

Again 10600 will be considered as a prominent support for Nifty50 if it tends to change it's trend.

🎯 News & Impact 🎯

🎯 Dr. Reddy’s Laboratories :
U.S. regulator cleared the company’s Duvvada facility for exports to the American market.
Positive for the stock. 👍

🎯 Glenmark :
Glenmark Pharmaceuticals Inc., USA has been granted final approval by the USFDA for Clobetasol Propionate Foam.
Positive for the stock. 👍

🎯 Biocon :
USFDA concluded two pre approval inspections of Biocon's manufacturing facilities in Bengaluru.

🎯 BPCL :
Company's arm executed long term liquefied natural gas sale purchase agreement with Mozambique LNG1 for 1MMTPA of LNG for 15 years.

🎯 Coffee Day Enterprises :
Income Tax Department provisionally attached 2.04 crore encumbered shares of promoter VG Siddhartha for six months.

🎯 PNC Infra tech :
Company received an order from PWD for a project worth Rs.186.48 crore.

🎯 Tech Mahindra :
Board to consider buyback of shares on February 21.

🎯 Lumax Auto :
Company plastics division secured LOI from one of the OEMs for supply of Integrated plastic parts of Rs.125‐140 crore on annual basis.

🎯 Cochin Shipyard :
Company formed JV company in the name of Hooghly Cochin Shipyard with Hooghly Dock & Port Engineers.

🎯 Axis Bank :
SUUTI sold 3 % stake in the bank via OFS.

🎯 Coffee Day Enterprises :
Tax Department attaches Rs.2 crore worth of promoter shares in the company.

🎯 KPI Global Infrastructure :
Company bags order of 213.75KW solar power plant under captive power producer.

Edited by Sharp.

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