11th June, 2019 Morning Brief

Market will open flat after a volatile session witnessed yesterday.

Asian stocks traded mixed Tuesday as investor focus turned to the U.S.-China trade arena, while Treasury yields pared some of Monday’s gains.
Equities were little changed in Japan and South Korea, and climbed in Australia. U.S. futures were flat.
U.S. stocks climbed after President Donald Trump suspended plans for tariffs on Mexico. 

Nifty formed a ‘Doji' pattern for second day in a row which means uncertainty. 11960 could be the level of resistance.

🎯 News & Impact 🎯

🎯 Sterlite Technologies :
Vedanta based promoter Twin Star Overseas released entire pledge of 20.74 crore shares (52.01 %) on June 10. 
Positive for the stock. 👍

🎯 L&T Construction :
Company bags orders across various biz valued between Rs25bn-Rs50bn.

🎯 L&T :
Company got CCI approval for sale of electrical operations.

🎯 RPP Infra Projects :
Company wins Rs.472mn contract from BHEL.

🎯 Indiabulls Housing Finance :
Refuted the allegation of siphoning Rs 98,000-crore, terming it as “bizarre” and made by a “racket of blackmailers”.

🎯 Dewan Housing Finance :
Completed sale of entire stake (9.15 %) in Aadhaar Housing Finance to Blackstone’s arm.

🎯 Bharti Airtel :
Company will pay the Tanzanian government 60 billion Shillings ($26.2 million) over a period of five years to settle an ownership dispute.

🎯 Reliance Industries :
Company plans to shut down one of crude distillation units and coker unit in Jamnagar for routine maintenance and inspection activities for three-to-four weeks from June 20.

🎯 Petronet LNG :
Facilities related to expansion of Dahej LNG Terminal from 15 to 17.5 MMTPA has been commissioned and under stabilisation, with additional gas send-out already commencing.

🎯 Parag Milk Foods :
Company launched premium milk brand in Singapore. Milk to be sold under brand name of Pride of Cows.

🎯 Fortis Healthcare :
Yes Bank said that it has sold 1.51 crore shares (2 percent) in various tranches since December 2018. Thereby reducing stake by 2 % from 8.41 percent to 6.41 %, as per exchanges.

🎯 IL&FS Engineering Services :
Company entered into a settlement agreement with NHAI against Arbitration Award. Company receives claim of Rs 150.15 crore.

🎯 IDBI Bank :
Bank entered into a Standalone Health Insurance tie-up with Max Bupa with effect from June 1.

🎯 Wipro :
Company launched digital solutions for global airlines for crew management.

🎯 India Cements :
Aditya Birla Sun Life MF sold 67.66 lakh shares on June 6, reducing its stake from 7.31 % to 5.11 %.

🎯 Talwalkar Better Value Fitness : Company-backed startup Sarva Yoga raised over $4 million from global investors at a valuation of $20 million.

🎯 Zensar :
Company announces Global Partnership with NetApp and Cisco.

🎯 IndusInd Bank and Bharat Financial : Received NCLT approval for merger.

🎯 Adani Enterprises :
Company promoter Adani Tradeline revoked pledge of 51.5 lakh shares on June 6.
Positive for the stock. 👍

🎯 Adani Ports & SEZ :
Company promoter Adani Tradeline revoked pledge of 19 lakh shares on June 6.
Positive for the stock. 👍

🎯 Max Financial Services :
Company promoter group Max Ventures Investment Holdings revoked pledge of 1.5 lakh shares on June 4.
Positive for the stock. 👍

🎯 Zee Media :
Company promoter 25FPS Media invoked pledge of 1.63 crore shares from April 8-23.
Positive for the stock. 👍

🎯 Mukand :
Company promoter group acquired 61,000 shares from June 4-6.
Positive for the stock. 👍

🎯 Quess Corp :
Company promoter and director Ajit Isaac acquired 25,000 shares on June 7.
Positive for the stock. 👍
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Edited by Sharp.