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.