28th August, 2019 Morning Brief

Market will open on a positive note today.

Asian stocks were mixed Wednesday as investors assessed the latest in the unpredictable path of trade talks between the U.S. and China.

U.S. futures climbed after stocks closed lower in a seesaw session as it appeared that China was bracing for the worst on the negotiations with President Donald Trump’s credibility becoming a key impediment to a deal.

🎯 News & Impact 🎯

🎯 Alkem Labs :
Assetio sues Alkem to block copies of Nucynta ER painkiller.

🎯 Vedanta :
Zambia’s High Court suspended petition by state-owned ZCCM-IH to liquidate Vedanta Resources’ copper mine, pending ruling by country’s appeals court.

🎯 Dilip Buildcon :
Company received appointed date (Aug. 27) for EPC projects in Maharashtra from the National Highways Authority of India.

🎯 Essel Propack :
Promoter Epsilon Bidco has created a pledge of 75 % stake of the company’s equity in favour of DB International Trust.

🎯 Power Grid Corp :
Board approved investment approval for transmission system for Solar Energy Zones in Rajasthan, at an estimated cost of Rs 2578.5 crore, with the commissioning schedule as December 2020.

🎯 Aster DM Healthcare :
Company to set up Innovation and Research Facilities in India and Gulf Countries over the next three years.

🎯 MEP Infra Developers :
ICRA withdrew ratings of bank limit of Rs 50 crore on account of slower than anticipated progress in the six under-construction HAM Projects.

🎯 Hinduja Ventures :
Board approved mergers of the company’s arm IndusInd Media and Communications with self.

🎯 Fine Organics :
Company stated that the company’s new manufacturing facility had started operations in Maharashtra.

🎯 Premier Explosives :
New Solid Propellant Pant at Hyderabad gets inaugurated.

🎯 Triveni Turbine :
National Company Law Appellate Tribunal allowed General Electric Co. to sell a controlling stake in its step down subsidiary Baker Hughes LLC.

🎯 Emami :
Company promoters created pledge of 12.7 lakh shares from Aug. 22-23.
Negative for the stock. 👎

🎯 Wockhardt :
Company promoter Themisto Trustee created pledge of 3 lakh shares on Aug. 23.
Negative for the stock. 👎

🎯 DB Corp :
Company promoter DB Consolidated created pledge of 76 lakh shares from Aug. 23-26.
Negative for the stock. 👎

🎯 Kalpataru Power Transmission :
Company promoters created pledge of 36 lakh shares on Aug. 23.
Negative for the stock. 👎

🎯 JSW Energy :
Company promoter groups created pledge of 22.7 lakh shares from Aug. 23-26.
Negative for the stock. 👎
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Edited by Sharp.