20th August, 2019 Morning Brief

Market will open on a flat note today after a volatile session of yesterday.

Asian stocks had modest gains at the open Tuesday after some signs of progress on trade negotiations and speculation of U.S. government stimulus to shore up economic growth.

🎯 News & Impact 🎯

Listing Today : Sterling & Wilson Solar.

Govt removes debenture reserve requirement for housing finance cos, NBFCs.

RBI to sell G-secs worth Rs.17,000 crore on Friday.

🎯 MRPL :
Company stated that the refinery has been affected by a minor landslide due to monsoon. Due to the precaution, the company will shut down phase-III process units.

🎯 Himachal Futuristic Communications :
Company received purchase orders worth Rs.2,467 crores from Bharat Sanchar Nigam Ltd. for defence communication network. 

🎯 DHFL :
Company defaulted in payment of non-convertible debentures and commercial papers worth Rs.1,571 crore, which were due on Aug. 19.

🎯 IL&FS Transportation Networks :
Company defaulted in payment of NCDs interest worth Rs.4.74 crore, which was due on Aug. 19.

🎯 Nestle :
Company launched its cocoa-malt beverage Milo.

🎯 Sonata Software :
Company's European arm completed the sale of its entire stake in Izara Aps.

🎯 Crompton Greaves Consumer Electricals :
Life Insurance Corporation of India reduced its stake in the company from 5.2 % to 3.1 % via open market sale.

🎯 Hindalco :
LIC increased its stake in the company from 8.3 % to 10.4 % via open market purchase.

🎯 Mahanagar Gas :
Royal Dutch Shell Plc’s unit is seeking Rs. 724 crore from sale of its remaining stake in the company.
Positive for the stock. 👍

🎯 Nava Bharat Ventures :
Company promoter & director Ashwin Devineni acquired 30,000 shares on Aug. 14.

🎯 Camlin Fine Sciences :
Company promoter & director Anagha Dandekar acquired 23,300 shares on Aug. 16.

🎯 MEP Infra Developers :
Company promoters Anuya Mhaiskar acquired 26,000 shares on Aug. 19.
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Edited by Sharp.