27th August, 2019 Morning Brief

Market will open on a positive note today after yesterday's knee jerk effect.

Asian stocks posted modest gains Tuesday as the erratic trade narrative turned hopeful, lifting U.S. equities.
U.S. shares rose after President Donald Trump was positive on prospects for a trade deal and France’s Emmanuel Macron said things were moving forward between the U.S. and China.

Nifty has made a long-legged bullish candle on the daily chart yesterday. Important is to sustain at higher levels. INR jumped to it's 8 months' low of 72.2575 yesterday.

🎯 News & Impact 🎯

The Reserve Bank of India (RBI) will transfer a surplus of Rs.1.76 lakh crore to the government as it has approved the recommendations of Bimal Jalan committee at the central board meet held in Mumbai on August 26.

🎯 Reliance Nippon Life Asset Management :
Nippon Life Insurance increased its stake by 10.59 % to 53.46 %.
Positive for the stock. 👍

🎯 Pidilite Industries :
Company has entered into joint venture with engineering technologies company Chetana. The JV company will be responsible to deploy technology in the field of Post Compressed Aerated Concrete Wall Panels in projects in India, Sri Lanka and Bangladesh. 
Positive for the stock. 👍

🎯 Sun Pharma :
Taro gets US FDA approval for Azelaic Acid Gel.
Positive for the stock. 👍

🎯 Lupin :
Company said its South African arm Pharma Dynamics has signed a commercial agreement with Creso Pharma for hemp oil-based cannaQIX products.

🎯 Kajaria Ceramics :
Board approved merger of wholly-owned arm Kajaria Tiles with the company.

🎯 Strides Pharma Science :
Company to be excluded in F&O Segment with effect from Nov. 1.

🎯 LIC Housing Finance :
Fidelity Group reduced stake in the company from 9.76 % to 3.14 % on Aug. 22.

🎯 Sastasundar Ventures :
Mitsubishi Corporation signed an agreement to invest Rs.100 crore in company’s digital healthcare platform.

🎯 Excel Crop Care :
Company to be suspended from trading with effect from Aug. 29, due to composite scheme of amalgamation.

🎯 Kingfa Science & Technology (India) : Company started trial production at its new factory in Chakan Industrial Area, Pune.

🎯 IL&FS Transportation Networks :
Company defaulted in payment of non-convertible debentures interest aggregating to Rs 2.3 crore, which was due on Aug. 26.

🎯 Kamdhenu Paints :
Company has re-opened its paint’s production facility in Rajasthan.

🎯 Sun Pharma :
Company promoter Shanghvi Finance created pledge of 50 lakh shares on Aug. 22.
Negative for the stock. 👎

🎯 Kalaptaru Power Transmission :
Company promoters created pledge of 49 lakh shares on Aug. 23.
Negative for the stock. 👎

🎯 JSW Steel :
Company promoter group created pledge of 1.41 crore shares on Aug. 20.
Negative for the stock. 👎

🎯 Asian Paints :
Company promoter Rayirth Holdings revoked pledge of 10 lakh shares and created pledge of 7.6 lakh shares from Aug. 21-28.

🎯 Emami :
Company promoter groups created pledge of 6.25 lakh shares on Aug. 21.
Negative for the stock. 👎

🎯 JSW Steel :
Company promoter Vividh Finvest acquired 6.5 lakh shares from Aug. 20-21.

🎯 Usha Martin :
Company promoter Peterhouse Investments sold 2 lakh shares from Aug. 20-22.
Negative for the stock. 👎

🎯 Vodafone Idea :
Company promoter group Pilani Investment acquired 25 lakh shares on Aug. 22.

🎯 MEP Infra Developers :
Company promoter Anuya Mhaiskar acquired 4.35 lakh shares from Aug. 22-23.

🎯 Lemon Tree Hotels :
Company promoters acquired 19 lakh shares from Aug. 22-23.

🎯 Spencer’s Retail :
Company promoter group Castor Investments acquired 1.5 lakh shares from Aug. 22-23.
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Edited by Sharp.