25th June, 2019 Morning Brief

Market will open on a negative side today.

Stocks in Asia drifted Tuesday with little direction from a lacklustre U.S. session.

U.S. stocks edged away from records as investors weighed expectations for easier monetary policy against concerns about a slowing global economy.

🎯 News & Impact 🎯

🎯 IFCI :
Board approved the sale of remaining 2.4 % stake in NSE.

🎯 BHEL and Axis Bank :
LIC sold 2 % stake in both the companies. 

🎯 TCS :
Acquired 15 % stake from Mitsubishi Corporation in TCS Japan for JPY 3.5 billion ($ 32.6 million). 

🎯 Infosys :
Formed strategic partnership with Toyota Material Handling Europe. Signs long-term Agile Integrated Application and Infrastructure Management agreement.

🎯 Piramal Enterprises :
Looking to sell the entire 20 % stake in Shriram Capital Limited as a part of the long-term strategy to fund growth of its financial services business. 

🎯 Gujarat Borosil :
Set up new additional furnace of 210 TPD for production of solar glass at its existing plant in Bharuch District of Gujarat and has started trial production today.

🎯 L&T Technology Services :
L&T to sell up to 2 lakh equity shares at Rs 1650 per equity share (discount of 5.8 percent).

🎯 SBI Life Insurance :
BNP Paribas to sell up 2.5 crore shares of company via OFS on June 25, 26; floor price set at Rs.650 per share.

🎯 GMR Infra :
Company promoter bought 1.9 crore equity shares from open market.
Positive for the stock. 👍

🎯 JSW Steel :
Company promoter released pledge on 15.5 lakh equity shares.
Positive for the stock. 👍

🎯 Max India :
Company promoter pledge additional 1 crore equity shares.
Negative for the stock.

🎯 Emami :
Company promoters pledge additional 92.34 lakh equity shares.
Promoters sell 4.54 crore shares or 10 percent equity at an average price of Rs 271.325 each.
Negative for the stock.

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