23rd August, 2019 Morning Brief

Market will open with a gap-down extending yesterday's slide.

Stocks in Asia were mixed Friday as traders adopted a cautious stance before Federal Reserve Chair Jerome Powell’s address at the Jackson Hole summit.

🎯 News & Impact 🎯

🎯 Sun Pharma :
Company's ANDA for Dapagliflozin gets U.S. Food and Drug Administration approval.

🎯 Pidilite Industries :
Company commissioned a manufacturing plant in Bangladesh. 

🎯 Dabur :
Company’s arm acquired management control of Excel Investments.

🎯 Infosys :
Company entered into a strategic partnership with University of Illinois Urbana-Champaign to develop new technologies and systems in precision medicine.

🎯 63 Moons Technologies :
Company has won Maharashtra Protection of Interest of Depositors case in Bombay High Court, attachment of the properties of the company will be vacated. 
Positive for the stock. 👍

🎯 Future Retail :
Amazon will acquire 49 percent stake in Future Coupons, a Future Group entity that holds minority stake in Future Retail.

🎯 Orient Paper Industries :
Company promoter Shekhavati Investments acquired 4.6 lakh shares from Aug. 20-21.

🎯 Jindal Stainless :
Company promoter Ratan Jindal acquired 1.4 lakh shares from Aug. 19-20.

🎯 Music Broadcast :
Company promoter Jagran Prakashan acquired 1.2 lakh shares on Aug. 20.

🎯 Spencer’s Retail :
Company promoter Group Castor Investments acquired 89,500 shares on Aug. 21.