1st April, 2019

Market will open with a gap-up tracking positive global cues.

The market will react to auto sales and the Reserve Bank of India (RBI) policy scheduled to be announced in coming week, but the focus is expected to remain on general elections, along with the March quarter and the full year earnings season scheduled to begin in second week of April.

Current rally in stocks is being powered by optimism over possible re-election of the Modi government and the sharp increase in FIIs inflows, to the tune of almost Rs.48,000 crore this calendar year.

Nifty is forming higher high and higher low formation continuously from last six weeks. 10630 would be the immediate resistance level for today's session to see Nifty touching new highs ahead.

🎯 News & Impact 🎯

Listing Today :
Embassy office Parks REIT

🎯 Sun Pharma :
U.S. FDA approved Sun Pharma and Zydus's ANDA for ambrisentan.
Positive for the stock. 👍

🎯 Dr. Reddy’s Laboratories :
Its Vishakapatnam facility has been re-inspected by Regulatory Authority of Germany and considered to be fully compliant.

🎯 Cipla :
Company received eight GMP observations and 10 PAI observations. These observations are both product specific and GMP observations related to the manufacturing and quality processes.
Cautious over the stock.

🎯 Indoco Remedies :
U.S. FDA changed the inspection classification status from 'Official Action Initiated' to 'Voluntary Action Initiated' for Goa plant. 

🎯 Indian Bank :
Ministry of Finance issued notification for amalgamation of Pallavan Grama Bank (sponsored by Indian Bank) and Pandyan Grama Bank (sponsored by Indian Overseas Bank) in Tamil Nadu into a single Regional Rural Bank which shall be called as Tamil Nadu Grama Bank under the sponsorship of Indian Bank.

🎯 SRF :
Company said that pollution control board has issued directions to close the operations of its industrial plant in Gujarat due to alleged non-compliance with the provisions of Water (Prevention and Control of Pollution) Act, 1974.

🎯 Grasim Industries :
Company acquired 100 % stake in Soktas India for Rs.135.12 crore. 

🎯 Havells India :
Company started commercial production of air conditioners at its Rajasthan plant.

🎯 Rushil Décor :
Company received closure notice from Pollution Control Board to stop the manufacturing process of one of the Laminate Sheet manufacturing units in Gujarat.

🎯 Inox :
Company said it has commenced commercial operations of one multiplex in Odisha.

🎯 Tata Motors :
Company sold its entire stake in Aerospace business to TASL for Rs.625 crore. 

🎯 GAIL and BHEL :
Companies signed Memorandum of Understanding for development of solar-based power project.

🎯 Garden Reach Shipbuilders & Engineers :
Company delivered a landing craft utility L -56 to Indian Navy.

🎯 Welspun Corp :
Company plans to sell its plate and coil mill division (PCMD) and 43 MW power division for Rs.940 crore to Laptev Finance Pvt. Ltd. 
Positive for the stock. 👍

🎯 Titan :
Company acquired 30.5 lakh equity shares in CaratLane for Rs.100 crore. 

🎯 NLC India :
TANGEDCO (Tamil Nadu Electricity Board Division) has not agreed to extend power supply agreement with NLCIL’s Thermal Power Station (TPS-1) beyond March 31.

🎯 Vikas WSP :
Company received sanction for 80 % principle outstanding amount of Rs. 97.75 crore being Rs. 78.20 crore to be paid by ACRE and 20 percent amount Rs 19.55 crore to be paid by the promoters aggregating to Rs 97.75 crore in all.

🎯 Mishra Dhatu Nigam :
Company handed over bullet proof vehicles to Central Armed Police Force at Midhani.

🎯 CONCOR :
Company inaugurates its first distribution logistics center at Ennore, Chennai.

🎯 Blue Coast Hotels :
Company announced acquisition of 8.5 crore equity shares from IFCI Limited in subsidiary Silver Resort Hotel India..

🎯 Darjeeling Ropeway Company : Company bagged sub-contract for construction of 24 shades for district police offices/units at Ahmedabad and Surat City worth of Rs 2.52 crore, and sub-contract for repair and maintenance of 73 boats used by State Disaster Recovery Force, Emergency Response Centre, Municipal Corporation and Gujarat District collectively.

🎯 Suryalata Spinning Mills : Company successfully installed and completed trailes on 22,000 spindles at Kalwakurthy Unit.

🎯 Gayatri Highways :
Company's subsidiary terminated its concession agreement with National Highways Authority of India (NHAI) on the basis of Force Majeure (Political event).

🎯 Ugar Sugar Works :
Company purchased up to 99 % stake in Ugar Theatre Pvt Ltd.

🎯 CyberTech Systems and Software : Overseas direct investment of $0.2 million is made in subsidiary Spatialitics LLC, Delaware, USA.

🎯 Sadbhav Infrastructure Project : Company acquired further 6 % (3,000) equity shares of subsidiary Maharashtra Border Check Post Network Limited (MBCPNL), held by SREI.

🎯 Dynamic Industries : Company has disinvested/sold its entire investment in equity shares of its wholly owned subsidiary in Neo Farbe Private Limited.

🎯 Scanpoint Geomatics :
Company in consortium with Team Computers Private Limited (lead bidder) received a contract for setting up of enterprise Geoportal for National Atlas and Thematic Mapping Organisation (NATMO), Kolkata.

🎯 Jindal Drilling :
Company has acquired an offshore jack up drilling rig from Discovery Drilling Pte Ltd, Singapore, a joint venture of the company.

🎯 Apollo Tyres :
Promoter Motilay Finance created a pledge of 40 lakh shares on March 26.
Negative for the stock.
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29th March, 2019 Morning Brief

Market will open on a flat note today after a bullish rally yesterday.

U.S. stocks advanced as the rally in Treasuries eased and investors looked to China for the latest developments in the standoff over trade.

The Nifty not just reclaimed 11,550 on Thursday but also registered a fresh 6-month closing high. The IMD shared the possibility of strong monsoon provided no El Nino surprise. Besides, hopes of rate cut in the upcoming RBI's policy review meet further boosted the sentiment. A bullish engulfing candle was made on the daily chart for Nifty50. It will be very interesting to see whether Nifty crosses it's previous life high or profit booking on higher levels pushes it down before registereing new high. India fiscal deficit data for April-Feb. period to be released today.

🎯 News & Impact 🎯

New Listing : MSTC

🎯 Britannia will be replaced Hind petro in Nifty50.

🎯 Tata Power :
Company signed a power purchase agreement with BEST (Mumbai Area Municipality) for supply of 676.69 MW of power for a period of five years till March 2024. Another power purchase agreement was signed between the distribution business of the company and its generation arm for 700 MW of power till March 2024.
Positive for the stock. 👍

🎯 Lupin :
Company launched Fluocinonide Ointment, which is used for inflammation treatment. The company had received approval for this drug by the U.S. FDA earlier.
Positive for the stock. 👍

🎯 Wabco India :
Holding company said that it has entered into a definitive agreement to sell all of its outstanding shares in an all cash transaction at $136.5 per share aggregating to $7 billion to ZF Friedrichshafen.

🎯 SBI Life Insurance :
BNP Paribas sought to sell 5.1 percent take in SBI Life Insurance at Rs 575 apiece.
Negative for the stock.

🎯 HT Media :
NCLT gave approval for the demerger of its wholly owned arm Digicontent from the copy.

🎯 PFC-REC Deal :
Power Finance Corporation stated that it had acquired a 52.63 percent stake of share capital of REC, worth Rs 14,500 crore from the government and became the holding company and the promoter of REC.

🎯 HIL :
Company’s JV with its German Arm launched showroom for wooden products in  China’s Shanghai.

🎯 EIH :
Company said its Agra’s Oberoi Amarvilas will be partially closed for renovation of 53 rooms from April 11 to Sept. 30.

🎯 Adani Logistics :
Company arm said it will acquire 100 percent stake in InLogistics (entity controlled by private equity firm True North) for Rs 331.5 crore.

🎯 Bharat Financial Inclusion :
Company completed its tenth direct assignment of Rs 837.4 crore. With this assignment, the company has completed transactions worth Rs 9,032.5 crore in financial year 2019.

🎯 Wipro :
Company signed an MoU with IIT Kharagpur for research on 5G Technology and Artificial Intelligence.

🎯 TCPL Packaging :
Company commenced commercial operation of its Goa unit from March 28.

🎯 Sheela Foam :
SBI MF buys 3.63 % stake in the company on March 27.

🎯 Indiabulls Integrated Services :
IRDA approves R1/first level approval for Indiabulls Integrated General Insurance business.

🎯 Adani Enterprises :
Adani Defence Systems and Technologies Limited - a wholly owned subsidiary of the company has incorporated a company namely Adani Rave Gears India Limited.

🎯 Federal Bank :
Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network.

🎯 Apunka Invest Commercial :
Company invested Rs.99,84,000 in Panorama Studios Private Limited, increasing shareholding in same to 53.73 %.

🎯 Britannia Industries :
SBI MF acquired 12.97 lakh shares or 0.54 % equity at Rs 3,098.97 each.

🎯 Gruh Finance :
Promoter HDFC sold 1.22 crore shares or 1.67 % equity at Rs 260.08 each.

🎯 Future Retail :
Company promoter Future Corporate Resources created a pledge of 74.05 lakh shares on March 26.
Cautious over the stock.
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Edited by Sharp.

28th March, 2019 Morning Brief

Market will open on a flat note today after a volatile session yesterday.

US economic slowdown fear was the reason in declined US markets yesterday as well as Asian indices in the morning.

Nifty witnessed resistance around 11550 as said before. 11420 and 11550 are the immediate support and resistance levels for today's session which is the expiry of the derivatives contract expiry of the March month.

🎯 News & Impact 🎯

🎯 NBCC :
Company received infrastructure orders worth Rs.1,003 crore for five development projects across the country.
Positive for the stock. 👍

🎯 Unichem Laboratories :
Company received final ANDA approval from the U.S. FDA for its Tadafil tablets which is used to treat impotency related issues.
Positive for the stock. 👍

🎯 Mcleod Russel :
Company completed the sale of its Rwandan arm to Rwanda Tea Investment. 

🎯 Strides Pharma :
Strides Pharma Science board approved divestment of Australia Business for transactions up to Rs.500 crore with Solara Active Pharma Sciences in each financial year, starting from financial year 2019.

🎯 Godrej Agrovet :
Company acquired an additional 1.1 % stake in its joint venture Godrej Tyson Foods, increasing its total shareholding in same to 51 %. 

🎯 Dabur :
Company said it will dissolve its step-down subsidiary ‘Dabur Tunisie’ by December 2019.

🎯 Mahindra & Mahindra Financial Services :
Company increased its stake from 88.75 % to 98.43 % in Mahindra Rural Housing Finance for Rs.286.78 crore.

🎯 Lumax Industries :
Company said it will commence in-house manufacturing of PCBs for lighting components with effect from April 1.

🎯 Som Distilleries & Breweries :
Stock split from FV Rs. 10 to Rs. 5.

🎯 Bharat Financial Inclusion :
Company completed ninth direct assignment of Rs.1,529 crore. 

🎯 Nelco :
Company board approved sale of company’s entire stake of 12.3 % in Nelito Systems to Japan’s DTS Corporation for Rs.6.77 crores.

🎯 Khadim India :
UTI MF acquired 3.7 lakh shares or 2.06 percent equity at Rs.436.7 each.

🎯 Marathon Nextgen Realty :
Board approved acquisition of 100 % equity of 'Marathon Nextgen Townships Pvt Ltd' (MNTP).

🎯 Lloyds Metal & Energy :
The company has been conferred the status of mega project under Package Scheme of Incentives - 2013 and received approval for incentives or facilities from Industries, Energy and Labour Department of Government of Maharashtra in respect to the proposed mineral based steel plant at Konsari, Gadchorioli.

🎯 United Breweries :
Heiniken Group Increased its stake in the company from 43.73 % to 46.53 %.

🎯 JSW Energy :
Company promoters created pledge of 9.2 crore shares from March 25-26.
Negative for the stock.

🎯 Adani Transmission :
Company promoter group Gautam Adani created pledge of 2.8 crore shares on March 25.
Negative for the stock.
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Edited by Sharp.

27th March, 2019 Morning Brief

Market may open on a positive in continuation of a bounce-back on yesterday.

The Nifty50 closed tad below 11,500 and formed bullish candle on the daily charts. If the short covering continues ahead of the expiry of March derivative contracts, the bulls can take the index above 11550 which is considered as a resistance zone.

U.S. stocks rallied as investor concern over an economic downturn showed signs of easing.

🎯 News & Impact 🎯

🎯 Jet Airways :
Company to reinstate 50 flights from March 31 and to resume operations from Bhuj, Mangalore, Bhopal & Aurangabad.
Positive for the stock. 👍

🎯 Wockhardt :
Ireland’s HMPRA and the U.K.’s MHRA carried out joint inspection of Wockhardt’s Aurangabad facility. 

🎯 Sheela Foam :
Company OFS promoters said they will sell 42.3 lakh shares or 8.68 percent of equity capital of the company with an over-subscription option of another 2 percent stake.
Negative for the stock.

🎯 PNB :
RBI imposed a Rs 2 crore penalty on Punjab National Bank during assessment of implementation of SWIFT-related operational controls.

🎯 Unitech :
Supreme Court granted approval for sale of company’s entire stake in its Power Transmission Arm to Sterling and Wilson Private Limited.

🎯 Jyothy Labs :
ICICI Prudential Insurance has cut its stake in Jyothy Labs from 5.03 % to 3.01 %.

🎯 GMR Infra :
Tata Group, GIC and SSG Capital Management invest in GMR's Airport business.
Positive for the stock. 👍

🎯 Meghmani Organics :
Fire broke out at agri manufacturing unit in Dahej.

🎯 Kalpataru Power :
Kalpataru Power Transmission promoter groups released pledge of 10 lakh Shares on March 22.
Positive for the stock. 👍

🎯 Laurus Labs :
Company promoter Dr Raju Kalidnidi revoked pledge of 6 lakh shares on March 25.
Positive for the stock. 👍

🎯 Orient Abrasives :
Company promoter group Manan Chetan Shah acquired 10.08 lakh shares on March 22.
Positive for the stock. 👍

🎯 Bodal Chemicals :
Company promoter group Bhavin Patel acquired 8.06 lakh shares between March 22-25.
Positive for the stock.

🎯 Security & Intelligence Services : Promoter group Vocational Skills Council sold 1.5 lakh shares on March 22.

🎯 PVR :
Morgan Stanley France SAS acquired 3.16 lakh shares or 0.68 % equity at Rs.1,572.9 each.
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Edited by Sharp.

26th March, 2019 Morning

Market will open on a flat note today after witnessing sell-off in the last session.

Concerns about the health of the world economy heightened last week after cautious remarks by the US Federal Reserve sent 10-year treasury yields to the lowest since early 2018.

US markets ended flattish on yesterday. A weaker-than-expected reading of US factory activity in March, along with similarly dour reports from Europe and Japan, helped send US Treasury yields into an inversion with the spread between yields of three-month Treasury bills exceeding those of 10-year notes for the first time since 2007 shook the world markets in last two sessions which resulted into change in sentiments of Indian market too as falling interest rates on long-term government debt below the rate on short-term bills is considered as a alert for recession.  Going forward, the central banker's reaction to this imminent global slowdown (in terms of easy monetary policy, etc), upcoming corporate results season and political dynamics will hold the key.

A bearish candle was plotted on the daily chart yesterday for Nifty50. Nifty has recovered from the day low to close above 11350. If yesterday's low of 11311  will be broken then it will be dragged to 11170 level zone which is a good support zone. On the other hand, 11550 will considered as a resistance.

🎯 News & Impact 🎯

🎯 Grasim Industries : 
The Bombay High Court granted a stay against the recovery demand worth Rs 5,872.13 crore on account of dividend distribution tax.
Positive for the stock. 👍

🎯 Piramal Enterprises :
Company gets tentative US FDA nod for Antipsychotic Drug, Lurasidone Hydrochloride.
Positive for the stock. 👍

🎯 Newgen Software Technologies :
Company said it will incorporate Australian arm with an initial investment of 1.5 million Australian Dollars.

🎯 Bharti Airtel :
Company said that it eliminated ISD Packs for making regular call to Bangladesh and Nepal.

🎯 ICICI Prudential Life Insurance OFS : Promoter Prudential Corporation Holdings said it will sell 3.73 crore shares or 2.6 % of the equity share.
Negative for the stock.

🎯 Kalpa-taru Power Transmission :
Company acquired 85 % stake in a Swedish EPC Company for $24 million, which deals in power supply solutions and services.

🎯 Prabhat Dairy :
Competition Commission of India approved the scheme of the company’s sale of its dairy business.

🎯 NHPC :
Company said that it had started power trading in IEX as trader for J&K Power Development Department with effect from March 22.

🎯 Shalby Multispeciality Hospitals :
Company got empanelled under “Ayushyaman Bharat Yojana” and “MAA Yojana” for joint replacement surgeries (for knee and hip) and other specified surgeries offers no cost options to the patients covered under the scheme.

🎯 MEP Infra Developers :
Company arm entered into concession agreements with NHAI for three highway projects in Maharashtra.

🎯 Suzlon :
Suzlon Energy sold balance stake in its two arms for Rs.99.1 crore.

🎯 Reliance Power :
Company promoter Reliance Infrastructure revoked pledge of 25.39 crore shares on March 22.
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Edited by Sharp.

25th March, 2019 Morning Brief

Market will open with a gap down today tracking down the global weakness.

Stocks in Asia tracked heavy losses in U.S. equities as bond yields continued to march lower amid concerns that momentum is slowing in the global economy after Germany PMI data hit 6 years' low.

As mentioned previously, Nifty has created resistance zone at around 10550 level and could find immediate support around 10350.

🎯 News & Impact 🎯

🎯 Dr. Reddy :
Dr Reddy’s Laboratories’ Hyderabad Unit receives no observation under form 483 by the U.S. FDA. The inspection was completed on March 21.

🎯 Infosys :
Company to invest $10 million in venture capital investment entity House Fund II, targeting startups from University of California, Berkley.

🎯 Greenlam Industries :
Company board approved increasing manufacturing capacity to additional 1.6 million laminate sheets per annum, for an investment of Rs 25 crore. 

🎯 Ramco Cements :
Company increased its stake in IT Services arm to 94.12 % via rights issue for Rs 4.5 crore.

🎯 Amber Enterprises :
Company signs definitive agreement to acquire 80 % stake in Sidwal Refrigeration Industries. 

🎯 Manpasand Beverage :
The company incorporates a wholly owned subsidiary company i.e. Manpasand Products.

🎯 Eid Parry :
Company board approved investment of Rs 70 crore in wholly owned arm Parry Sugars Refinery.

🎯 TV Today :
Income Tax Appellate Tribunal, Delhi Bench (ITAT) disposed off demands of Rs 69 crore foe assessment years 2013-14 and 2014-15.

🎯 Sylph Technologies :
The company approves to sell 7,11,598 shares of Sakshi Powertech for a consideration of Rs 5.59 crore at Rs 78.68 per share.

🎯 TTK Prestige :
Company to consider issuing bonus share on March 29.
Positive for the stock. 👍

🎯 International Paper :
Company said that the maintenance at Rajahmundry plant from March 25, 2019 to March 30, 2019 would lead to estimated loss of production of around 500 tonnes per day.
Negative for the stock.

🎯 Insecticide India :
Company inaugurates new factory for commercial production agrochemicals.

🎯 Ramco Cements :
The company acquires 45 lakh shares of Ramco Industrial and Technology for Rs 10 per share.

🎯 Karnataka Bank :
Company reported a fraud to RBI amounting to Rs.13.26 crore.

🎯 CG Power and Industrial Solutions : Company promoter Avantha Holdings invoked pledge of 6.76 crore shares on March 20.
Positive for the stock. 👍

🎯 GATI :
Company promoter group Mahendra Kumar Agarwal and Sons HUF created pledge of 1.2 lakh shares on March 19.
Negative for the stock.

🎯 Bajaj Consumer :
Company promoter Bajaj Resources created pledge of 3.08 lakh shares on March 19.
Negative for the stock.
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Edited by Sharp.

22nd March, 2019 Morning Brief

Market will open on a flat note after yesterday's holiday.

On the global front, the US Federal Reserve indicated that it sees no further rate hikes this year. US markets cheered the sentiments to reaching it's indices on a five months' high.

Nifty formed a bearish candle and snaps 7-days winning streak. Bulls took breather on 20th March after consistent run for previous seven consecutive sessions. Benchmark indices closed mixed while the broader markets finished lower as breadth was in favour of bears. Sensex gained 23 points and Nifty lost 11 points to end at 11521.
Nifty has made a resistance around 11500 zone to surpass.

🎯 News & Impact 🎯

🎯 Dr Reddy :
Company gets U.S. FDA’s approval for its ANDA Pregabalin.
Positive for the stock. 👍

🎯 PFC :
CCEA has given final approval for sale of REC’s 52.6 stake.

🎯 Fortis Healthcare : 
SEBI has ordered both Fortis Healthcare and Fortis Hospitals to continue pursuing measures to recall the outstanding Rs. 403 crore amount along with due interest from Singh Brothers and related entities.

🎯 SpiceJet :
Company is considering taking control of 40 Jet Airways aircraft after being tapped in by the Indian government.

🎯 IDFC First Bank :
Company sells its entire stake of 8.73 % in Asset Reconstruction Company (India) Ltd.

🎯 Bosch :
Bosch India executes a JV agreement with Prettl India with total investment of Rs 20 crore to supply automobile components.

🎯 Vedanta :
Company's Zambia unit halts work at shaft after death of worker.

🎯 CG Power and Industrial Solutions :
Company arm installs electricals work and voltage equipment for Northlands Powers offshore wind farm substation.

🎯 Infosys :
Company signs 3-year technology partnership with Roland Garros.

🎯 Wipro :
Company arm launches crowdsourced software for testing solutions.

🎯 Jubilant Life Science :
Jubilant Employees Welfare Trust sold 34.74 lakh shares or 2.18 percent equity at Rs 784.17 each.

🎯 Carborundum Universal :
Sundaram Mutual Fund acquired 13.04 lakh shares or 0.69 % equity at Rs.357.55 each.

🎯 Greenlam Industries :
Board approved to increase the manufacturing capacity of the company to manufacture additional 1.6 million laminate sheets per annum. 

🎯 IDFC First Bank :
Bank sold the entire stake of 2,71,97,743 equity shares comprising approximately 8.37 percent of the share capital of Asset Reconstruction Company (India) Limited [Arcil].

🎯 Reliance Industries :
Company has invested Rs.5 lakh in cash in 50,000 equity shares of Rs.10 each of Reliance Navi Mumbai Infra Limited (RNMIL), a newly incorporated entity. RNMIL is incorporated with the purpose of undertaking real estate and related infrastructure activities. RNMIL is yet to commence its business operations.

🎯 GMR Infra :
Delhi International Airports Limited (DIAL), a GMR led consortium has awarded the right to develop and maintain a commercial development project at Gateway and Downtown Districts of Aerocity with maximum permissible FSI of approximately 9 lakh square meter at Indira Gandhi International Airport to a consortium led by Bharti Realty Ltd.

🎯 KIOCL :
Government intimated the Request For Proposal (RFP) for engagement of book running lead managers (BRLM) for disinvestment of upto 15 % paid up equity of company out of its shareholding of 99.06 % through 'follow-on public offer' in the domestic market.
Positive for the stock. 👍

🎯 BEML :
Board approved 'Request for Proposal' for appointment of transaction advisor, legal advisor & asset valuer for disinvestment of company shareholding of 96.56 % in subsidiary Vignyan Industries Limited.

🎯 Manappuram Finance :
Board approved acquiring 100 % equity shares of Manappuram Comptech & Consultants Ltd and to make it a wholly owned subsidiary company of the company.

🎯 Jet Airways :
Banks to ask Naresh Goyal to step down from Jet Airways with immediate effect and want Naresh Goyal to bring his stake down to 10%.

🎯 Krypton Industries :
Company received an order of Rs.23.10 crore, to be fulfilled in between March 2019 to March 2020 for hospital equipment (wheelchairs) through dealer against Tender from ALIMCO, a Government of India Undertaking.

🎯 DB Realty :
Promoters released a pledge on 2.2 crore shares.
Positive for the stock. 👍

🎯 Asian Oilfield Services :
Company received a binding letter of intent from Oilmax Energy Private Limited for supply and O&M surface facilities for its Charaideo field.
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Edited by Sharp.

20th March, 2019 Morning Brief

Market will open on a flat note today after mixed global signals.

In US, S&P 500 and Dow failed to rise yesterday as investor optimism regarding the Federal Reserve’s expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing US-China trade negotiations. Whereas Nasdaq rose by just 9 points. Asian markets are trading mixed with thin margins.
INR haulted it's rally against US$ yesterday and slipped by 43 paise.

A bull run extended for the seventh straight session pushing benchmark Nifty  above 11500 and Sensex above 38300 for the first time ever since 7th September 2018. Nifty formed a bullish candle, resembling a 'Hanging Man' pattern on the daily chart yesterday.

🎯 News & Impact 🎯

🎯 DLF :
Company arm announced second joint-venture with Hines for developing high-end commercial project in Gurugram. 

🎯 Bodal Chemicals :
Company completed the expansion of Dyestuff plant by 6,000 MTPA. After the said Expansion, the total capacity of Dyestuff plants of the company stands at 35,000 MTPA, excluding Liquid Dye Stuff.

🎯 Rallis India :
Company received letter from pollution control board directing the company to suspend its operations at one of its unit in Gujarat caused by a flash fire during transfer operations. 

🎯 Cox & Kings :
Company opened its first hotel in Hungary with 184 rooms.
Positive for the stock. 👍

🎯 V-Mart Retail :
Company opened a new store in Assam.

🎯 Newgen Software Technologies :
Company receives patent for its invention- Integrated and Automatic Generation of Carbon Credits. 

🎯 Sun Pharma :
Company promoter group Shanghvi Finance creates a pledge of 40 lakh shares in March 15.
Negative for the stock.

🎯 Granules :
Granules India promoters revoke 1.4 crore shares on March 15.
Positive for the stock. 👍

🎯 Viaan Industries :
Company agreed to acquire equity stake in Avalance Technology Private Limited (a company proposed to be incorporated under the Companies Act, 2013) for a cash consideration.

🎯 Datamatics Global Services : Company acquired additional 10 % equity stake in Datamatics Digital Limited.

🎯 Centrum Capital :
Company sold its entire equity holding in its wholly-owned subsidiary company, Centrum Capital Holding LLC alongwith its subsidiary i.e Centrum Securities LLC (step-down subsidiary of CCL).
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Edited by Sharp.

19th March, 2019 Morning Brief

Market will open on a flat note today ahead of weakness in Asian markets today.

Yesterday, U.S. equity benchmarks rose at the start of a week filled with potentially significant catalysts -- from central bank meetings, geopolitical developments and economic data.

Late recovery helped the market close higher for the sixth consecutive session yesterday, but the Nifty50 failed to hold  11,500 level due to some profit booking. Nifty formed Long-Legged Doji pattern on daily charts which shows uncertainty as the second day in a row is pointing towards creeping weakness in broader markets. Investors are awaiting for the outcome of the US Fed policy meeting due later in the week to get more cues about global market movement as well as US-China trade talks. Oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC which can be a concern for upmove in the market.
Nifty has new support zone at 11270 - 11350 levels to achieve 11760 mark.

🎯 News & Impact 🎯

🎯 Hotel Leelaventure :
Company said it will sell four hotels in Bengaluru, Chennai, Delhi and Udaipur to a Brookfield-sponsored private real estate fund for Rs.3,950 crore.

🎯 HCL Tech :
Xerox will outsource certain global administrative and support functions from HCL. The transaction revenue over the course of seven years will be $1.3 billion.

🎯 Majesco :
Company acquired insurance software business from its parent company Majesco Ltd.

🎯 Voltas :
Company launched adjustable inverter air conditioner range which allows the use to switch from 1.5 ton to 1 ton capacity and vice versa, depending on the ambient heat or number of people.

🎯 Vakrangee :
The Reserve Bank of India renewed authorization issued to the Vakrangee for white label ATMs.

🎯 Mindtree :
V.G. Siddhartha (Promoter of Coffee Day Enterprises) have signed a definitive agreement to sell their entire stake in Mindtree to L&T.

🎯 RCom :
Reliance communications and Reliance Jio terminated their agreement for sale of specified assets by mutual consent.
Company made payment of Rs.458 crore to Ericsson as per Supreme Court orders.

🎯 Talwalkars :
Promoter entity sold 0.23% stake in market on March 15.

🎯 Dewan Housing Finance : 
PGGM World Equity BV acquired 25.17 lakh shares or 0.80 % equity at Rs.136.55 each.

🎯 Justdial :
Morgan Stanley France SAS acquired 4.07 lakh shares or 0.63 % equity at Rs.639.34 each.

🎯 Reliance Infrastructure : 
PGGM World Equity BV acquired 14.6 lakh shares or 0.57 % equity at Rs. 135.93 each.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.

18th March, 2019 Morning Brief

Market will open on a higher side backed by strong Asian markets' start up.

US stocks rose on Friday, led by technology companies, as a report on progress in US-China trade talks lifted sentiment.

Nifty has formed a spinning top look a loke pattern on the daily chart.
Rising for the fifth straight session, the INR jumped 24 paise to close at 69.10 against the US dollar on sustained foreign fund inflows and heavy buying in domestic equities. This could be the reason behind the strength of the bulls on the street. Nifty has already surpassed it's target of 11440 and 11500 in now on the rise.

🎯 News & Impact 🎯

🎯 Bandhan Bank :
Bank received ‘No Objection’ from the Reserve Bank of India for amalgamation of Gruh Finance with the bank.
HDFC received the RBI approval to acquire shareholding of 9.9 % or less of the paid-up voting capital of Bandhan Bank post amalgamation of Gruh Finance with Bandhan Bank.
Positive for the stock. 👍

🎯 Cadila Healthcare :
Zydus Cadila received a final approval from the U.S. FDA for Valsartan and Hydrochlorothiazide tablets.
Positive for the stock. 👍

🎯 Wipro :
Company launched artificial intelligence and machine learning solutions which will be powered by Amazon web services to develop supply chain management solutions.
Positive for the stock. 👍

🎯 Lupin :
U.S. FDA classified inspection of Lupin’s arm Novel Laboratories’ U.S. facility as Official Action Indicated.
⚠ Cautious over the stock.

🎯 Oil India :
Company arm entered into a long-term sale and purchase agreement with Tokyo Gas, CNOOC, Centrica and BPCL arm.

🎯 MSTC :
Company board approved extension of the bid period for the IPO from March 15 to March 20 and revising the price band from Rs.120 to Rs.128.

🎯 Jubilant Foodworks :
Company launched Domino’s Pizza in Bangladesh.

🎯 Reliance Communication :
NCLAT said in its order that it cannot direct banks to release the company’s Rs 2,600 crore income tax refund money for payment to Ericsson.
Negative for the stock.

🎯 Religare :
The Securities and Exchange Board of India ordered Religare Finvest Ltd. and Religare Enterprises Ltd. to recall loans worth over Rs.2,300 crore that were diverted to promoters Shivinder Mohan Singh, Malvinder Mohan Singh and 21 other entities after finding preliminary evidence of fund diversion.
Negative for the stock.

🎯 HUDCO :
Company raised Rs 5,320 crore via government bonds and the proceeds will be utilized for lending to Ministry of Housing and Urban Affairs’ arm.

🎯 Prakash Industries :
NCLT approved demerger of Prakash Industries’ PVC pipes and fittings and flexible packaging business into Prakash Pipes.

🎯 Grasim Industries :
Company received demand worth Rs 5,872.13 Crore from the Income Tax Department. 

🎯 DHFL :
Global PE Firm Warburg Pincus’ Arm to Acquire 80 percent stake in Avanse Financial Services, a DHFL promoted company.

🎯 Majesco :
Company board approved to sell company’s India Insurance Products and Services to its arm for Rs.24.4 crore.

🎯 Jammu & Kashmir Bank :
Bank approved sale of 4.1 crore equity shares of PNB MetLife Insurance to Oman India Joint Investment Fund II for Rs.185 crore.
Positive for the stock. 👍

🎯 Inox Leisure :
Opens four news screen in an existing multiplex. 

🎯 IRB Infrastructure :
Has been issues provisional certificate for partial toll collection. Concession period is 26 years, while the project cost is Rs.3,370 crore.

🎯 Lumax Auto Technologies :
Company decided for discontinuation of the PCB manufacturing w.e.f. April 1, 2019.

🎯 Indo Amines :
No observation' letter has been received from BSE for proposed amalgamation amongst Core Chemical (Mumbai) Private Limited and Key Organics Private Limited with Indo Amines Limited, so as to enable the company to file the scheme with NCLT.

🎯 Zuari Global :
Company has acquired around 48.98 percent shares of Forte Furniture Products India Private Limited (FFPL) from Indian Furniture Products Limited (IFPL), subsidiary of the company.
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Edited by Sharp.

15th March, 2019 Morning Brief

Market will open on a flat note today after mixed signals from US markets yesterday as uncertainty over a trade deal between the United States and China kept investors on edge.

Yesterday, market opened positive, but remained rangebound for the entire session and closed on a flat note with thin gains yesterday. Rising inflation could rise hesitation on rate cut in coming months.

🎯 News & Impact 🎯

🎯 IDBI Bank :
ICRA revised the rating From ‘Developing Implications’ to ‘Negative Outlook’ driven by the pressure on asset quality and credit provisioning.
Negative for the stock.

🎯 Bank of India :
ICRA revised the rating From ‘Negative’ to ‘Stable’ due expectations of profitable operations, reduced asset quality pressures and improving solvency levels in financial year 2020.
Positive for the stock. 👍

🎯 Punjab National Bank :
ICRA revised the rating From ‘Negative’ to ‘Stable’ due to improvement in reduced asset quality pressure and a capital infusion of Rs.14,156 crore by the GOI.
Positive for the stock. 👍

🎯 Oriental Bank of Commerce, Bank of Maharashtra :
ICRA revised the rating From ‘Negative’ to ‘Stable’.
Positive for the stocks. 👍

🎯 Punjab and Sindh Bank :
ICRA revised the rating From ‘Stable’ to ‘Negative’ due to sizeable capital requirement.
Negative for the stock.

🎯 Vedanta :
Zambia unit halted copper-shaft operations after the contractor failed to secure funds to pay workers. 

🎯 Religare :
The SEBI ordered Religare Finvest Ltd. and Religare Enterprises Ltd. to recall loans worth over Rs 2,300 crore that were diverted to promoters Shivinder Mohan Singh, Malvinder Mohan Singh and 21 other entities after finding preliminary evidence of fund diversion.

🎯 Jubilant Foodworks :
Delhi High Court stayed an order of National Anti-Profiteering Authority against Jubilant Foodworks and penalty proceeding, subject to deposit of Rs.20 crores on Central Consumer Fund.

🎯 Tech Mahindra :
Company's arm acquired 100 % stake in Japan’s K-Vision for $1.5 million. The target is engaged in providing network services for mobile communication carriers in Japan.

🎯 CMI :
Company said that it received vendor approval for power cables from four government entities.
Positive for the stock. 👍

🎯 Axiscades Engineering :
NCLT approved merger of Explosoft Tech Solutions with Axiscades Engineering.

🎯 Reliance :
India Investment Trust, sponsored by Canadian investor Brookfield, will buy Mukesh Ambani’s privately owned East West Pipeline Ltd. for Rs.13,000 crore. RIL will have to offtake at least 22 MMSCMD of gas from this pipeline. If it fails to do so, then RIL will be liable to pay the differential amount to Pipeline Infrastructure.

🎯 Ranjeet Mechatronics :
Company received is a project for supply, installation, testing and commission of various equipments and items for fire fighting and gas flooding & fire suppression system works for the Airport Authority of India (AAI) for Rs.11.56 crore.

🎯 Kapashi Commercials :
Declared Bonus in the ratio of 3:2.
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Edited by Sharp.

14 Mar, 2019 Morning Brief

Market will open on a positive note today backed by positiveness in US and Asian markets today.

US stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edged upward even as the United States joined other nations in grounding the company’s 737 MAX jets.

A volatile session ended with a gain of 41 points to a six month high with a 'Hanging Man' kind of formation pattern on the daily charts. Nifty closed at this level after 17 September 2018. It shows some profit booking can be witnessed on the higher levels. 10440 - 10510 level zone can be the immediate resistance on the horizon.

🎯 News & Impact 🎯

🎯 Lupin :
The U.S. FDA classified inspection of Lupin’s Mandeep facility as Official Action Indicated. The regulatory authority stated that the pharma company will be subjected to regulatory action and it may withhold approval of any pending applications in which the facility is listed.
Negative for the stock.

🎯 Jubilant Foodworks :
Company promoter Jubilant Consumer Private Limited to sell 40 lakh shares at the floor price of Rs. 1,272.6 apiece, aggregating to Rs.503.8 crore via secondary placement.
Negative for the stock.

🎯 Reliance Industries :
Company said its U.S. unit halted all supplies of Diluent to Venezuala’s PDVSA and has not increased any oil purchases from the Venezualan company.

🎯 HCL Technologies :
Company said it will acquire U.S. based company ‘Strong—Bridge Envision’ for increasing the company’s digital solutions portfolio.

🎯 Sun Pharma :
Subsidiary increased its stake in PJSC Biosintez, Russia to 96.96 % from 85.10 % earlier.

🎯 Unichem Labs :
USFDA approved the company's ANDA for Allopurinol tablets, USP 100 mg and 300 mg.
Positive for the stock. 👍

🎯 GE&TD :
Company awarded grid modernization project by Rajasthan’s Transmission Grid. Company to provide real-time data monitoring solutions to Gujarat’s state utility.
Positive for the stock. 👍

🎯 Star Cement :
Company received Rs.115 crore of freight subsidy claims by the central government. 

🎯 DCM Shriram :
Company commissioned 30 MW Power Plant in Uttar Pradesh and it has started selling power to the Grid with effect from Feb. 28.
Positive for the stock. 👍

🎯 Lemon Tree Hotels :
Company signed a non-binding agreement to acquire 100 % stake in Key Hotels. 

🎯 Deep Industries :
Company received 2 orders from ONGC in the rigs segment valued at around Rs. 183.50 crore.
Positive for the stock. 👍

🎯 Sicagen India: Company made additional investment to the extent of SGD 1 million in subsidiary Wilson Cable Private Limited, Singapore.

🎯 Bliss GVS Pharma :
Board approved increasing FPI investment limit from 24 % to 74 %.
Positive for the stock. 👍

🎯 SpiceJet :
Company will seek compensation from Boeing and demand credit on maintenance, repair.

🎯 JSW Steel :
Company releases pledges of 1.96 crore shares between March 7-11.
Positive for the stock. 👍

🎯 Aurobindo Pharma :
Promoter K Niiyananda Redyy creates pledge of 5 lakh shares on March 11.
Negative for the stock.

🎯 GATI :
Promoter group TCI Finance invokes pledge of 32.9 lakh shares on March 8.

🎯 RCom :
Lenders sold 12 crore shares or 4.34 percent equity.

🎯 Reliance Power :
Lenders sold 4.1 crore shares or 1.47 % equity of promoters by invoking pledge.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

13th March, 2019 Morning Brief

Market will open on a positive note in continuation of yesterday's rally.

S&P, Nasdaq rise on tame inflation data but Dow felled by Boeing yesterday.

January IIP at 1.7% vs 2.6%, 
February CPI at 2.57% vs 1.97%, MoM

Nifty rallied for the second consecutive session yesterday post upside breakout of three months' ascending channel above 11118. As encored in previous blogs, the next levels on the horizon are 11440 and 11515 assuming the cushion of 10950 - 11050 level zone.

🎯 News & Impact 🎯

New IPO : MSTC opens today price band Rs.121-128.

🎯 Alkem Labs :
USFDA approved a new generic of Diovan (valsartan) by Alkem Labs to help relieve the recent shortage of this medicine. Shortages were the result of multiple recalls of generic valsartan products, as certain lots contained nitrosamine impurities.
Positive for the stock. 👍

🎯 Biocon :
Company received FDA Form 483 with two observations. First observation stated procedures designed to prevent microbiological contamination is not being followed. Second observation stated that written records of investigations into unexplained discrepancies don’t have adequate conclusion. 
⚠ Cautious about the stock.

🎯 Raymond :
Company clarified that termination of development management agreement with Corpus Realty for its realty project is because the company itself wants to undertake the development due to operational efficiencies. The project is expected to progress as per schedule.

🎯 TVS Motors :
Company increased its stake to 10.29 % in its credit services arm for Rs.30 crore.
Positive for the stock. 👍

🎯 Hindustan Fluorocarbon :
Board approved the valuation report and sale of the 66 acres 13 gunthas of vacant surplus land of company subject to the approval of the shareholders, Govt of India and Govt of Telangana/TSIIC.
Positive for the stock. 👍

🎯 Infosys :
Finacle Partners Hatton National Bank to Pioneer Blockchain-Based Trade Finance in Sri Lanka.

🎯 CMI :
Company executed its maiden export order from Mauritius for the supply of underground power cables.

🎯 V-Mart :
Company opened three new stores in Himachal Pradesh, Jharkhand and UP, taking the total store count to 207.

🎯 Jet Airways :
Company said that four more aircraft had been grounded due to non-payment to lessors.

🎯 Kalpataru Power Transmission : Company has completed the acquisition of Shree Shubham Logistics shares.

🎯 Advanced Enzyme Technologies : Promoter Chandrakant Rathi Innovations and Projects Pvt Ltd sold another 2.20 % stake in the company and reduced shareholding to 14.67 %.

🎯 Keerthi Industries :
Company successfully awarded the onshore contract area of KG/ONDSF/Gokarnapuram/2018 in KG basin under the Discovered Small Field Bid Round — II of offer contract areas.

🎯 Orient Tradelink :
Company announces a new film which will be based on Para Cricketers of India.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.

12 March, 2019 Morning Brief

Market will open with a up with a support by global positiveness in continuation with yesterday's rally backed by healthy FIIs' inflo on a hope of majority for NDA Govt. after declaring the schedule for the general elections.

US markets jumped yesterday as the technology sector led a broad-based rebound.

Nifty has made a strong bullish candle on the daily chart above the neckline which has proved that the market is under the grip of the bulls. Now Nifty can be pop up towards 11440 though small corrections are not completely ruled out.

🎯 News & Impact 🎯

🎯 HDFC Standard Life Insurance : Standard Life (Mauritius Holdings) said it will sell 4.93 % stake in the Insurance company. The floor price of the offer is set at Rs 357.5 per share.

🎯 Welspun Corporation :
Company received additional pipe order of 212 KMT. Out of these, 151KMT will be serviced from India. The company stated that its order book stood at 1667 KMTs valued at Rs 14,500 crore.
Positive for the stock. 👍

🎯 Laurus Labs :
Company received a final approval from USFDA for Hydroxychloroquine Tablets 200 mg and a tentative approval for an ANDA for ADL Tablets 600 mg/50 mg/300 mg.
Positive for the stock. 👍

🎯 Adlabs Entertainments :
Promoter Thrill Park released a pledge on another 0.07 % stake.
Positive for the stock. 👍

🎯 NHPC :
Company planned a capex of Rs.3,800 crore for financial year 2020 and to bid for JAL Power in NCLT. Chairman Balraj Joshi also stated the company has plans to have 10 GW generation capacity by financial year 2022. 

🎯 Piramal Enterprises :
Company arm launched pain management drug ‘Mitigo’ in the U.S.

🎯 Corporation Bank :
The Reserve Bank of India imposed a penalty of Rs 1 crore due to deficiency in regulatory compliance.

🎯 Selan Exploration :
Company received letter of approval from Ministry of Petroleum and Natural Gas for grant of extension of 10 years with effect from March 2020 for Lohar Field. 

🎯 PSP Projects :
Company received work orders worth Rs. 601.21 crore from various clients. The total work orders for financial year 2019 (till date) stand at Rs.1,442.47 crore.

🎯 Kalpataru Power Transmission :
Company increased its stake in Shree Shubham Logistics from 71.52 % to 80.06 %.

🎯 Advanced Enzyme Technologies :
Promoter group - Chandrakant Rathi Innovations and Projects Pvt Ltd cuts its stake in company by 1.43 percent to 16.87 percent. Atharva Green Ecotech LLP also sold its entire 6.24 percent stake through open market transaction on March 8.
Negative for the stock.

🎯 NBCC :
Company to monetise Jaypee Infratech assets to complete stuck projects.

🎯 Reliance Communications :
IndusInd Bank LTD Client A/C sold 1,70,00,000 shares of the company at Rs. 5.54 per share.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.

9th March, 2019 Morning Brief

Market will open on a flat note today after a negative closing in the last session.

The Nifty50 continued to hold psychological 11,000 levels for third consecutive session on March 8 despite a moderate correction and formed a doji on the daily chart. 11118 should be pierced on the upper side protecting 10950 on closing basis.

U.S. stocks dipped Friday on mixed U.S. employment data.

🎯 News & Impact 🎯

🎯 Sun TV :
Sun TV Network announced a dividend of Rs 2.5 apiece.

🎯 Oil India :
Company awarded two blocks as part of the Discovered Small Field Bid Round – II.

🎯 Delta Corp :
Company said it will buy 25 percent stake in Jalesh Cruises Mauritius for $10 million.

🎯 Nitish Estates :
Company reduced its debt by Rs.408 crore, i.e., 30 % of the overall debt.
Positive for the stock. 👍

🎯 Goa Carbon :
Company produced 18,026.8 MT of calcined petroleum coke, i.e., 54 % higher compared to last year.

🎯 Punj Llyod :
NCLT admitted ICICI Bank’s petition under Insolvency and Bankruptcy Code in respect of an alleged default amount of Rs.853.8 crore.

🎯 Dilip Buildcon :
Company declared L-1 for the EPC project in Maharashtra costing Rs.480 crore to be completed in 24 months.

🎯 Dredging Corp :
Government signed share purchase agreement with Visakhapatnam Port Trust, Paradip Port Trust, Jawaharlal Nehru Port Trust and Deendayal Port Trust to sell 73.5 % stake in the company. 

🎯 McLeod Russel India :
Company said it will sell assets of Boroi Tea Estate in Assam to Jatinga Agro Tech for Rs.28 crore.

🎯 Reliance Industries :
NCLT Ahmedabad approved Reliance Industries-JM Financial resolution plan for Alok Industries insolvency process.

🎯 CG Power :
Promoters 6.76 crore pledged shares or 10.8 % equity invoked by lenders. 

🎯 Reliance Infrastructure :
Promoters 50 lakh pledged shares or 1.9% equity were sold by lenders.
Negative for the stock.

🎯 Reliance Power : 
Promoters 2.15 crore pledged shares or 0.77 % equity were sold by lenders.
Negative for the stock.

🎯 Reliance Communications : Promoters 19 crore pledged shares or 6.86 % equity were sold by lenders.
Negative for the stock.

🎯 Jet Airways :
Company gets Rs.2,050 crore loan from Punjab National Bank.

🎯 GMR Infra :
Subsidiary GMR Airports received the formal Letter of Award from MIHAN India Limited, the concessioning authority for the Nagpur Airport, towards the development, operations and management of Dr Babasaheb Ambedkar International Airport, Nagpur, at a revenue share of 14.49 % of gross revenues.

🎯 CES :
Company completed the acquisition of 37 percent stake in CES Technology Services Private Limited.

🎯 Celebrity Fashions :
Promoter Rama Rajagopal created a pledge on an additional 7.8 lakh shares (1.64 % of paid-up equity).

🎯 Eveready Industries :
DSP Trustee cuts its stake in the company by 3.8 % to 1.09 %.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.

8th March, 2019 Morning Brief

Market will open on a negative note because of global nervousness.

Europe’s central bank gave a weak signal to global markets as they said, it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth. US markets closed into negative territories along with European markets and same thing carried in Asian markets this morning.

Nifty50 has plotted a hanging man pattern on the daily chart which interprets a consolidation after a rally because of temporary exhaustion of bullishness. Nifty50 has to surpass 11150 level to popup for 11400 level zone.

🎯 News & Impact 🎯

🎯 Wipro :
Company promoter said it will sell up to 2.67 crore shares in company via block deal.

🎯 Reliance Industries :
Company entered into an MoU with NMSEZ to sub lease 4,000 acres of land, and also made an initial payment of Rs 2,180 crore to the latter.

🎯 Infosys :
Company said it will deliver engineering and digital services to Rolls-Royce group.

🎯 KNR Constructions :
Receipt of order worth Rs 135 crore from Karnataka Road Development Corporation. They bagged a hybrid annuity project with bid project cost of Rs 920 crore.
Positive for the stock. 👍

🎯 Lupin :
Company received the FDA approval for Atorvastatin calcium tablets. The product has annual sales of approximately $696 million in the U.S.
Positive for the stock. 👍

🎯 NIIT :
Canara Robeco MF buys 12 lakh shares at Rs 92.80 apiece.

🎯 Vijaya Bank :
Morgan Stanley buys 81.3 lakh shares at Rs 45.97 apiece.

🎯 Satin Creditcare Network :
Promoter Taco Consultants Private Limited released a pledge on 1.6 lakh shares (representing 0.32 percent of paid-up equity) and Parinita Investments Private Limited also released a pledge on 1.6 lakh shares of the company.
Positive for the stock. 👍

🎯 BLS International Services :
Company has been signed up by the Embassy of Vietnam to accept visa applications in India.

🎯 Zensar Technologies :
Zensar selected as IT transformation partner by Vyaire Medical, US.

🎯 Shashijit Infraprojects :
Company received project from Western Zonal Assembly Mumbai Diocese of the Mar Thoma Church for construction of school building in Vapi, Gujarat. The project cost would be around Rs 3.80-3.90 crore.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.

7th March, Morning Brief

Market will open on a cautious note today after Asian stocks were mixed this morning as global growth concerns resurfaced and U.S. equities fell back.

U.S. equities fell to a three-week low on concern about the outlook for growth after fresh data pointed to a slowing economy before a key jobs report Friday.

Nifty has a closing above 11000 mark yesterday with a bullish candle and it is interesting to see whether it will continue it's Northward journey by crossing it's neckline of 11118 which was a level from where Nifty50 has collapsed to 10585. If it will cross that hurdle decisively, the 11400 mark will be on the mark.

🎯 News & Impact 🎯

🎯 HDFC :
Company declared Rs.3.5 per share as interim dividend.

🎯 Vedanta :
Company declared second interim dividend of Rs.1.85 per share.

🎯 HFCL :
Company bagged orders of Rs.117 crore for supply of optical fibre cables from Tata Project Ltd. under Bharat Net Phase-II project in the state of Chhattisgarh.
Positive for the stock. 👍

🎯 MEP Infra :
Promoter released a pledge on 38 lakh shares (representing 2.07 percent of total paid-up equity).
Positive for the stock. 👍

🎯 Jayant Agro :
Promoter Jayant Finvest increases stake in company by 3.22 % to 58.93 %.
Positive for the stock. 👍

🎯 Ajmera Realty :
Promoter ARIIL Trust raises stake in company by 2.78 % to 52.81 %.
Positive for the stock. 👍

🎯 Biocon :
Company received six observations under form 483 for its Bengaluru facility.
⚠ Cautious over the stock.

🎯 Relaxo Footwear :
Promoters cut stake in the company by 1.967 % to 35.508 %.
Negative for the stock.

🎯 Varroc :
Varroc Lighting Systems opened a new research and development centre In Poland.

🎯 Apollo Tricoat Tubes :
Company started production at Karnataka manufacturing facility having installed capacity of 75,000 MTPA.

🎯 Tata Motors :
Company signed an accord with Wise travels to supply Tigor EVs. 

🎯 NELCO :
Company secured in-flight and maritime connectivity licence from Department of Telecommunications.

🎯 Salora International :
Board said it will consider de-listing shares from the NSE on March 9.

🎯 LT Foods :
Company to invest Rs.20 crore via preference shares in subsidiary Daawat Food.

🎯 Asahi :
Asahi Songwon Colors resumed operation at CPC Crude Blue Plant.

🎯 Cyient :
Company selected by U.K. Power Networks to develop an outage planning portal. 

🎯 HSIL :
Reliance MF cuts its stake in company by 0.65 % to 4.47 %.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ Edited by Sharp.

6th March, 2019 Morning Brief

Market to continue yesterday's rally with a positive opening today.

There is no support from the global markets today as US markets ended flat with minor losses on Dow and S&P 500 but negligible gain on the Nasdaq. Asian markets too trading mix as Nikkei is trading weak whereas Hang Seng is trading with some gains in this morning. Oil falls by half percent as rising US production counters OPEC supply cuts.

Nifty50 has made a bullish candle and showed the strength to surpass it's resistance of 11050.

Ex-Bonus Today : Wipro

🎯 News & Impact 🎯

🎯 Endurance Technologies :
Company’s promoter said it will sell 63.6 lakh equity shares or 4.52 % equity with greenshoe option of additional 41.9 lakh equity shares or 2.98 % equity to non-retail investors on March 6 at Rs. 1100 per share.
Cautious over the counter. ⚠

🎯 Edelweiss Financial Services :
CDPQ, the NBFC arm of Edelweiss to invest over Rs 1,800 crore into ECL Finance.

🎯 HCC :
Company promoter pledged additional 78.16 lakh equity shares or 0.52 percent equity with IDBI Trusteeship.
Cautious over the counter. ⚠

🎯 GATI :
Lenders invoked 26,000 shares pledged by promoters on Feb. 28.
Positive for the stock. 👍

🎯 Bank of Maharashtra : RBI levied a penalty of Rs 2 crore delayed implementation of SWIFT related operational controls.Five banks faced a total penalty of Rs 10 crore from the Reserve Bank for non-compliance with various directions. 

🎯 Bank of Baroda, ICICI Bank, Yes Bank and Canara Bank have been penalised by the central bank for not complying with directions on global transaction messaging software Swift. 

🎯 Allahabad Bank :
Bank was fined for non-compliance of directions with regard to Nostro accounts.

🎯 Sun Pharma :
Raksha Valia on a net basis pledged additional 95.6 lakh equity shares with Citicorp. Shanghvi Finance released pledge on 11.7 lakh equity shares.

🎯 Grasim Industries :
Company signed definitive agreement with Soktas India Pvt Ltd. for an enterprise value of Rs.165 crore. SIPL is in the business of manufacturing and the distribution of premium cotton fabrics.

🎯 Quick Heal Technologies :
Company to buyback 63.6 lakh equity shares or 9.02 % equity at Rs.275 per share. Total buyback is worth Rs.175 crore, i.e., 23.87 % of networth.

🎯 Bharti Airtel :
Company collaborates with Zoom to launch India's first high quality unified communications solution for businesses' issued by the company.

🎯 Newgen Software :
Company receives patents from Indian Patent Office for its inventions.

🎯 Bosch :
Company announced an extinguishment of equity shares with respect to the buyback of 10,27,100 fully paid-up equity shares of face value of Rs.10 each.

🎯 ITI :
Subsidiary ITI Alternate Funds Management Limited received a registration certificate from SEBI to act as Portfolio Manager.
Positive for the stock. 👍

🎯 Sterlite Tech :
Company unveils TruRibbonTM - Ribbon Reinvented, a fully backward compatible cable built for high-capacity networks.
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Edited by Sharp.

5th March, 2019 Morning Brief

Market will open on a flat note today after a long weekend.

Wall Street’s major indexes fell on Monday, weighed down by a weak US construction spending report and declines in healthcare shares.

The Nifty has been trading broadly in a tight range of 11,050-10,600 for last three months, whereby it has to surpass crucial resistance of 11100 for heading northward.

🎯 News & Impact 🎯

Feb Auto Sales :

🎯 Eicher Motors :
Company sales down 14 % at 62,630 units.
Exports up 49 % at 2,564 units. 

🎯 TVS Motor :
Company sales up 3 % at 2.99 lakh units. Exports up 14 % at 66,570 units.

🎯 Hero MotoCorp :
Company sales down 2 % at 6.1 lakh units.

🎯 Tata Motors :
Company's domestic sales down 3 % at 57,221 units. 
Exports down 39 % at 2,930 units.

🎯 VST Tillers Tractors :
Power Tillers sales down 41 % at 1,495 units.

🎯 Force Motors sales down 13.4 % to 2,563 units.

🎯 Indraprastha Gas :
Company has received PNGRB letter for development of city gas distribution network for 6 districts.

🎯 Cochin Shipyard :
Company signed a contract with JSW arm for construction and delivery of four Mini Bulk Carriers. 

🎯 Coal India :
Company's production up 6.5 percent at 58.05MT versus 54.48MT. Offtake up 3 percent at 51.45MT versus 49.94MT.

🎯 HT Media :
Company acquired 48.6 percent stake in Next Radio for Rs.171 crore. 

🎯 Aster DM Healthcare :
Company increased stake in Malabar Institute of Medical Sciences by 2.54 percent to 73.22 percent for Rs 44.8 crore.

🎯 JSW Steel :
Company signed an advance payment and supply agreement with Duferco International Trading Holding of $700 million for five years.

🎯 The Indian Hume Pipe :
Company received three Letters of Intent related to different works worth Rs. 187.06 crore from Vidarbha Irrigation Development Corporation, Nagpur.

🎯 Mishra Dhatu Nigam :
Company won an order worth Rs.475 crore. The order book stands at Rs 1,800 crore.

🎯 Philips Carbon Black :
Company has plans to increase capacity by 2,38,000 MTPA by 2021.

🎯 Talwalkars Healthclubs :
Company's various promoters pledged 13.86 %.
Negative for the stock.

🎯 Reliance Infrastructure :
Company's lenders sold 82.8 lakh shares (3.15 percent) of promoter from Feb 25 to March 1.
Negative for the stock.

🎯 Reliance Power :
Company's lenders sold 5.6 crore shares (2 percent) of promoter.
Negative for the stock.

🎯 Delta Corp :
Company to invest Rs.15.5 crore in Halaplay Technologies in two tranches for 15.52 % stake. Separately its subsidiary will transfer its online fantasy gaming business to Halaplay for 4.03 % stake. 

🎯 Hindustan Oil Exploration Company :
Company won a contract to operate and develop an oil block in North East in consortium with Indian Oil Corporation Limited (IOC) under the Discovered Small Field Policy Bid Round II. HOEC’s stake in the block will be 10 % and IOC will hold 90 %.

🎯 NLC India :
Company commissioned 200 MW of Solar PV Power Projects in Tamil Nadu.

🎯 Spencer Retail :
Spencer Retail's promoter group company acquired 10 lakh equity shares (1.26 %).

🎯 Kolte Patil Developers :
Company to invest Rs.70 crore in its subsidiary which is developing its township project, Life Republic in Pune.

🎯 HFCL :
Company bagged order for Rs.527.44 crore from Jharkhand Communication Network Limited for implementing Bharat Net Phase-11 in the State of Jharkhand. 

🎯 Reliance :
Company to invest Rs.22 crore in C-Square Info Solutions.
Company to invest Rs.106 crore in Grab A Grub Services.

🎯 Stock Broking Firms :
SEBI board approved reduction in fees payable by brokers by 33.33 % from Rs.15 per crore of transactions to Rs.10, while the same for agri-commodity derivative transactions would be reduced sharply by 93.33 % from Rs.15 to just Re.1.
Positive for stock broking stocks. 👍

🎯 L & T Infotech :
Company completed acquisition of 100% shareholding of Nielsen+Partner Unternehmensberater GmbH, Hamburg, Germany.

🎯 Karnataka Bank :
RBI levied an aggregate penalty of Rs.4 crore on the bank.

🎯 Sterlite Tech :
Company wins Intertek’s (US) Zero Waste to Landfill certification for its optical fibre cable manufacturing plant in Rakholi, Silvassa.

🎯 BHEL :
Company installs first Solar Electric Vehicle (EV) Charging Station in the upcoming network of Charging Stations on Delhi-Chandigarh highway.

🎯 Auropharma :
Company completed the acquisition of seven marketed oncology injectable products, intellectual property and commercial infrastructure from US-based Spectrum Pharmaceuticals.

🎯 Take Solutions :
Company announced mergers of step-down subsidiaries in USA.
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