11th April, 2019 Morning Brief

Market will open on a flat note today.

The Federal Reserve is likely to leave interest rates unchanged this year which supported US markets to claim gain.

After showing a minor upside bounce in the last session, the Nifty slipped into weakness and closed the day lower on yesterday. Nifty may take support around 11510 - 11550 levels' zone in coming sessions if we consider that bulls have not given up yet. Further, the trend of the market is likely to be dictated by domestic events like Q4FY19 earnings season, domestic macro data (IIP & CPI)& election poll results and it's outcome.

🎯 News & Impact 🎯

Listing Today :
Rail Vikas Nigam, Cox & King Financial Services.

🎯 Wockhardt :
Company received U.S. FDA approval for generic version of Dacogen, which is used to treat certain forms of cancer. 
Positive for the stock. 👍

🎯 Welspun Corp :
Company received additional pipe orders of 180KMT on a global basis. 

🎯 TCS :
Company partnered with Google Cloud to build digital solutions.

🎯 Kansai Nerolac Paints :
Company completed acquisition of Perma Construction Aids.

🎯 NBCC :
Company said that it secured orders worth Rs.3,031.7 crore in March.

🎯 Confidence Petroleum India :
Company said that it has received license for ten more auto LPG Dispensing Stations taking the number from 186 stations to 196 stations.

🎯 Info Edge :
Company increased stake in Gramophone to 37.2 % for Rs.14 crore.

🎯 Shoppers Stop :
Company opened a new store in Guwahati.

🎯 Tanla Solutions :
Company completed the acquisition of Karix Mobile as per the signed share purchase agreement.

🎯 Sobha :
Sobha Developers wholly owned subsidiary of Sobha has acquired 100 % equity shares of Sobha Interiors.

🎯 Adani Ports & SEZ :
Company promoter group Gautam Adani revoked pledge of 10 lakh shares on April 8.
Positive for the stock. 👍

🎯 Emami :
Company promoters revoked pledge of 37 lakh shares on April 8.
Positive for the stock. 👍

🎯 Sun Pharma :
Company promoter group revoked pledge of 1.25 crore shares via off-market transaction on April 9.
Positive for the stock. 👍

🎯 Adani Transmission :
Company promoter group Gautam Adani revoked pledge of 2 lakh shares on April 8.
Positive for the stock. 👍

🎯 Ashok Leyland :
Company promoter Hinduja Automotive created pledge of 3.9 crore shares on April 8.

🎯 Olectra Greentech :
Company promoter Trinity Infraventures created pledge of 19 lakh shares on April 9.
Negative for the stock.

🎯 Sanghi Industries :
Company promoter Ravi Sanghi created pledge of 15.64 lakh shares on April 8.
Negative for the stock.
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Edited by Sharp.