12th April, 2019 Morning Brief

Market will open on a flat - positive note today after a volatile session witnessed by a recovery on yesterday.

US markets ended mixed with a consolidation as stronger US economic data helped offset some concerns about global growth and Asian market as well.

Nifty has formed a small bullish Doji typed candle on the daily chart yesterday. Unless the index emerges out of the trading range which appears to be 11,770–11,550, a directional move can't be witnessed. IT majors will kick start result session in true sense from today which will keep market traders active.

🎯 News & Impact 🎯

Major Results Today :

TCS, Infy

🎯 Cipla :
Company launches Niveoli, India's first extrafine ICS-LABA combination HFA inhale.

🎯 Jet Airways :
Etihad Airways submits expression of interest to acquire substantial stake up to 49 % in company.

🎯 Lumax Industries :
Company started a commercial production of PCB from its Haryana Plant with effect from April 11.

🎯 Lumax Auto :
signed a joint venture agreement with Jopp Holding JmbH, Germany for manufacturing and sale of the automotive components.

🎯 Narayana Hrudayalaya :
Company has incorporated a wholly owned subsidiary company Narayana Health North America LLC in the State of Delaware, United States of America.

🎯 Coromandel International :
ICICI Prudential reduced stake in Coromandel International by 2.03 %.

🎯 Pasupati Acrylon :
Company has successfully commenced commercial production of second Line of cast Polypropylene Film.

🎯 AGC Networks :
Company entered into agreement to acquire 100 percent stake in COPC Holdings for $5.5 million. 

🎯 HT Media :
Company acquired 14.18 % stake in Next Mediaworks. 

🎯 DB Corp :
Promoter group DB Consolidated revoked pledge of 11 lakh shares on April 9.
Positive for the stock. 👍

🎯 Max Financial Services :
Promoter group Max Ventures Holdings revoked pledge of 3.67 lakh shares on April 9.
Positive for the stock. 👍

🎯 Bajaj Consumer Care :
Promoter Bajaj Resources created pledge of 86.83 lakh shares from April 2-5.
Negative for the stock.

🎯 Adani Transmission :
Promoter group Gautam Adani revoked pledge of 2.8 crore shares on April 10.
Positive for the stock. 👍

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Edited by Sharp