1st October, 2019 Morning Brief

Market will open on a positive note today after yesterday's fall.

Japanese stocks rose after gains in the U.S. overnight, and futures on the S&P 500 Index edged higher. China and Hong Kong markets are closed due to holiday.

U.S. stocks advanced as investors weighed the latest turns in the trade war between the world’s two largest economies.

🎯 News & Impact 🎯

🎯 Reliance Industries :
Saudi Arabia has assured the company that it will supply all the committed crude oil volumes in October as the world’s largest oil exporter recovers faster than expected from the biggest attack ever on its oil industry.

🎯 ONGC, Oil India, GAIL, Ceramic, Fertiliser And City Gas Distributors :
India’s oil ministry has cut the price of locally-produced natural gas, the first reduction after four straight hikes since October last year.
Positive for the sectors.

🎯 Glenmark Pharma :
Horizon Discovery signed a license agreement with the company for GS Knockout CHO Cell line to manufacture biotherapeutics.

🎯 Lupin :
Japan’s PMDA completed inspection of the company’s Goa facility with no critical or major observations. 

🎯 Cadila Healthcare : 
To sell its right, title and interest in Zypitamag, along with applicable registrations and intangible assets relating to Zypitamag for U.S. and Canada markets to Medicure. 

🎯 Huhtamaki-PPL :
Company has entered into an agreement to acquire Mohan Mutha Polytech’s business of flexible packaging for Rs 80 crore.

🎯 Motilal Oswal Financial Services :
Company arm Motilal Oswal Home Finance has entered into an Assignment Agreement with Phoenix ARC Private Ltd for upfront sale of pool of Non-Performing Assets of the Company.

🎯 NBCC :
Company signed memorandum of understanding with the Government for the development of National Sports University at Imphal for Rs.400 crore.

🎯 Tata Motors :
Company has confirmed that Jaguar Land Rover will suspend production at all U.K. manufacturing Plants for one week commencing Nov. 4.

🎯 Maruti Suzuki :
Company acquired Gurugram land for Rs 52 crore, according to Bloomberg report.

🎯 JMC Projects :
Company has secured new order worth Rs. 560 crore, out which Rs.312 crore is for commercial real estate projects on Southern and Western India and the remaining amount of Rs.248 crore is for a water supply project in Odisha.

🎯 Greenlam Industries :
Board has approved incorporation of wholly owned arm in India explore opportunities by way of greenfield project for manufacturing, sales and marketing of laminate and wood based products.

🎯 Techno-Electric & Engineering :
L&T Mutual Fund increased its stake from 4.7 % to 5.53 %.

🎯 Zee Entertainment Enterprises : Company promoter Essel International sold 41.6 lakh shares from Sept. 24-25.

🎯 GFL :
Company promoter Inox Leasing & Finance acquired 50,000 shares on Sept. 27.Vakrangee promoter Dinesh Nadwana acquired 13 lakh shares on Sept. 30.

🎯 IIFL Finance :
Company promoter group Ardent Impex acquired 94,000 shares on Sept. 30.

🎯 Infibeam Avenues :
Company promoter Malav Mehta sold 50 lakh shares from July 27-Sept. 27.

🎯 IIFL Securities :
Company promoter and director Orpheus Trading acquired 10 lakh shares on Sept. 30.

30th September, 2019 Morning Brief

Market will open on a flat note today.

Stocks in Asia declined as investors weighed the latest signs of trade tensions as China’s economy continued to show weakness in manufacturing.

The S&P 500 retreated on Friday to end at three-week low, after the Trump administration is considering sweeping limits to capital-market investments.

Market may trade with a cautioun ahead of India fiscal deficit data for April-August period and India eight infrastructure industries index for August, prior 2.1 percent.

🎯 News & Impact 🎯

IRCTC IPO opens today.

Aarti Industries record date for bonus share issue at 1:1.

🎯 Reliance Capital :
Company announced the completion of 21.54 percent stake sale in its mutual fund arm Reliance Nippon Life Asset Management Ltd. to joint venture partner Japan's Nippon Life Insurance for Rs 3,030 crore.

🎯 Tata Power :
Company’s solar arm won 105 MWP bid for floating solar project worth Rs 343 crore.

🎯 Seamec :
Company has entered into charter party worth $1 million with Posh Subsea.

🎯 Cox & Kings :
Statutory Auditor DTS & Associates have resigned with effect from Sept. 26, citing that there has been an absence of any committed timelines for publishing the first quarter’s result for the current financial year 2020. Besides, the International Air Transport Association has terminated its license to the company for selling tickets and has asked company to surrender IATA ID Card.

🎯 Voltas :
Board approved amalgamation of wholly owned arm Universal Comfort Products with the company.

🎯 Bandhan Bank :
NCLT Kolkata approved amalgamation of Gruh Finance with Bank.

🎯 Mcnally Bharat Engineering :
Company has entered into a collaboration agreement with Turkish company Kaylon.

🎯 Punjab & Sind Bank :
Company received Rs.787 crore from Government of India in connection with the capital infusion.

🎯 V-Mart Retail :
Company has opened three new stores across Madhya Pradesh and West Bengal.

🎯 63 Moons Technologies :
Company has completed sale of 55.35 percent stake in Atom Technologies to NTT Data.

🎯 Future Consumer :
Company acquired 50 % stake in Genoa Rice Mills, thus making it the company’s wholly owned arm.

🎯 PNB Gilts :
DHFL defaulted in payment bonds and interest worth Rs.5 crore to PNB Gilts.
Negative for the stock. 👎

🎯 Cipla :
U.S. Food and Drug Administration Current Good Manufacturing Practice inspection was completed at the company’s Goa plant and 12 observations were issued.

🎯 Aster DM Healthcare :
The company acquired additional 9.49 percent stake in its subsidiary Sri Sainatha Multispeciatility.
Positive for the stock. 👍

🎯 Inox Leisure :
The NCLT approved scheme of merger with Swanston Multiplex Cinema with the company.

🎯 Advanced Enzyme Technologies :
Company promoter Atharva Green Ecotech acquired 6.29 lakh shares on Sept. 26.
Positive for the stock. 👍

🎯 Vakrangee :
Company promoter Dinesh Nandwana acquired 5.22 lakh shares on Sept. 27.
Positive for the stock. 👍

🎯 GFL :
Company promoter Inox Leasing & Finance acquired 1 lakh shares on Sept. 25.
Positive for the stock. 👍

🎯 Anant Raj :
Company promoter Amar Sarin acquired 2.15 lakh shares from Sept. 24-25.
Positive for the stock. 👍

🎯 Zee Media Corporation :
Company promoter 25FPS Media sold 1.04cr shares from July 26-Sept. 20.
Negative for the stock. 👎

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Edited by Sharp.

27th September, 2019 Morning Brief

Market will open on a flat note after over 1% gain in the last session.

Stocks in Asia opened mixed after a dip in U.S. equities, with investors assessing the latest on trade and American politics.

The S&P 500 Index slide for the fourth time in five days and was trading about 15 percent below the 30-day average.
Stocks were under pressure after the release of a whistle-blower complaint central to the latest political drama and reports the U.S. is unlikely to extend a waiver allowing American firms to supply China’s Huawei Technologies.

🎯 News & Impact 🎯

🎯 Yes Bank :
Company promoter Rana Kapoor sold more stake in the company to repay debt of his privately held firm, bringing down the family’s ownership in the private lender he co-founded. Yes Capital (India) Pvt. Ltd. on Thursday sold a 1.82 percent stake in the bank for Rs 241.52 crore

🎯 Phoenix Mills :
Promoters are planning to sell 38 lakh shares, or 2.5 % stake, in the company in via secondary placement.

🎯 Tata Motors: Jaguar Land Rover plans to close its U.K. factories for a week in November to guard against disruption from a possible no-deal Brexit.

🎯 Sastasundar Ventures :
Mitsubishi Corporation to invest Rs 100 crore in the company’s arm.

🎯 Goodyear India :
Company to close its manufacturing operations in Haryana from Sept. 27-Oct. 2.

🎯 Quess Corp :
Company allotted 7.54 lakh shares at Rs 676 per share aggregating to Rs.51 crore Amazon.com arm via preferential allotment.

🎯 ITI :
Company launched cloud services and digital solutions for public entities, SME and Startups in India.

🎯 Unitech :
Company stated that it has received show cause notice from Noida Authority.

🎯 MMTC :
Company has invited bids to import 2,000 tonnes of onions.

🎯 Greenply Industries :
SBI MF decreased stake to 3.29 % from 4.37 % in the company.

🎯 Sterling and Wilson Solar :
Company dissolved its Brazilian arm.

🎯 Tata Power :
Company promoter Tata Sons acquired 1.1 crore shares from Sept. 20-23.

🎯 HEG :
Company promoter RSWM sold 62,000 shares from Sept. 24-25.

🎯 Tata Power :
Company bags 105MW floating solar project.

🎯 NALCO :
Company launches new product 'Aluminium Alloy AA 1200'.

🎯 PSU :
Govt may trim PSU ownership below 51% as it plans to sell.

🎯 Greenply Industries :
Company promoter SM Management acquired 2.4 lakh shares on Sept. 26.
Positive for the stock. 👍

🎯 DHFL :
Company has presented a proposal which involves lenders taking over 60 percent stake in the company.
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Edited by Sharp.

26th September, 2019 Morning Brief

Market will open on a positive note today.

Stocks in Asia pushed higher Thursday as signs of easing trade tensions overshadowed impeachment inquiry proceedings in Washington.

The S&P 500 halted a three-day slide, with technology and bank shares pacing the gain, after President Donald Trump suggested a trade deal with China was possible and touted a pact with Japan.

The impeachment inquiry into the US President Donald Trump, tension in the Middle East and uncertainty over the US-China trade deal kept the market under pressure and signal of an Asia wide slowdown from the Asian Development Bank weighed on the domestic equity market on Wednesday.

Nifty closed well below 11,500 level and formed bearish belt hold pattern on daily charts. 11350 can be considered a good support to dare to enter into the bullish stream who have missed the recent rally.

🎯 News & Impact 🎯

🎯 Sterlite Technologies :
Company said its Mauritius-based arm has signed a pact to acquire entire stake in the U.K.-based Impact Data Solutions at an enterprise value of around Rs.105 crore.

🎯 GlaxoSmithKline Pharmaceuticals :
Company announced recall of ranitidine hydrochloride tablets produced in India using Active Pharmaceutical Ingredient sourced from Saraca Laboratories Ltd. following detection of genotoxic nitrosamine NDMA by authorities. The company has also decided to suspend release, distribution and supply of all dose forms of ranitidine hydrochloride products to all markets, including India, as a precautionary action pending the outcome of ongoing tests and investigations.

🎯 SRF :
Company said that Supreme Court has dismissed the company’s petition against High court order to pay stamp duty and penalty of Rs.28.82 crore. 

🎯 Cipla :
Company has launched generic daptomycin drug in U.S. markets.

🎯 NTPC :
Company signed accords to build 540MW Hydro Projects in Himachal Pradesh.

🎯 AstraZeneca Pharma :
Company received import and market permission in Form 45 from DGCA for diabetes drug.

🎯 Adani Enterprises :
The company has incorporated Adani Mangalore International Airport.

🎯 NLC :
Company India successfully completed remaining 351 MW of Solar Power Projects in the State of Tamilnadu.

🎯 Indiabulls Real Estate :
Company has divested its remaining stake in existing JV Cos.

🎯 DIL :
NCLT approves scheme of amalgamation of Fermenta Biotech with company.

🎯 Vakrangee :
Company promoter and director Dinesh Nandwana acquired 10 lakh shares on Sept. 25.
Positive for the stock. 👍

🎯 Kalpataru Power Transmission : Company promoters sold 69 lakh shares on Sept. 11.

🎯 Sun Pharma :
Company promoter Shanghvi Finance acquired 5 lakh shares on Sept. 25.
Positive for the stock. 👍

🎯 Filtex India :
Company promoter Shefali Bhageria acquired 2 lakh shares on Sept. 23.
Positive for the stock. 👍

🎯 Varun Beverages :
Company promoters RJ Corp and Ravi Kant Jaipuria & Sons (HUF) sold 40 lakh shares on Sept. 25.
Negative for the stock. 👎
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Edited by Sharp.

25th September, 2019 Morning Brief

Market will open on a weak note today after a consolidation witnessed yesterday.

Stocks in Asia fell after U.S. equities dropped and Treasuries rose on political turmoil in Washington.

Oil fell on signs Saudi Arabia is making progress in restoring lost output following a drone attack on its facilities.

🎯 News & Impact 🎯

🎯 IRCTC :
State-owned Indian Railway Catering and Tourism Corp.’s Rs 645.12 crore IPO opens on Sept 30 and closes on Oct. 3. The price band is set at Rs.315-320 apiece.

🎯 JSW Steel :
Harsco signed three multi-year addon contracts for 10-15 years with company for a total value of $75 million.

🎯 Speciality Restaurants :
Company has incorporated a wholly owned arm in the U.S.

🎯 Future Retail :
IDBI Trusteeship Services (acting for EC Holdings, EW Special Opportunities Funds and Edelweiss Commodities Services) acquired 1.31 crore shares. Company has also pledged additional 52.2 lakh shares to the debenture trustee for the benefit of NCD holders.

🎯 SpiceJet :
Company is weighing an order for at least 100 Airbus planes as Boeing Co. grapples with the fallout over its grounded 737 Max.

🎯 Bodal Chemicals :
The company informed that Bodal Bangla has been incorporated in Dhaka, Bangladesh as a subsidiary company of Bodal Chemicals.

🎯 Zee Entertainment Enterprises :
IDBI Trusteeship Services invoked pledge of 1 crore share, or 1.04 percent stake from Sept. 19-24. 

🎯 Centum Electronics :
Company has inaugurated its space facility in Bengaluru with an investment of Rs.50 crore. 

🎯 RPP Infra Projects :
Company JV received road construction order in Myanmar worth Rs 414 crore.

🎯 Aster DM Healthcare :
Company has signed lease agreements for two new hospital projects in Bengaluru.

🎯 InfoBeans Technologies :
The company has informed about the acquisition of Philosophie Group Inc. through its wholly-owned subsidiary.

🎯 Bosch :
Company has executed a business transfer agreement with Group’s arm Robert Bosch Packaging Technology to sell its packaging machinery business for Rs.144.6 crore. 

🎯 Intellect Design Arena :
Abu Dhabi Islamic Bank (ADIB) goes live with company's digital transaction banking platform.

🎯 GOCL Corporation :
Company said that it has fully repaid loan facilities of $300 million availed for the purpose of Houghton International. 

🎯 Adani Group Stocks :
Bombay High Court will hear on Sept. 30 a petition filed by the Group seeking direction to the GVK Group-run Mumbai International Airport and the aviation ministry to allow buying out minority stake held by South African firm Bidvest in the airport.

🎯 Monsanto :
Record date for amalgamation of the company with Bayer Cropscience extended to Sept. 30.

🎯 GATI :
Goldman Sachs reduced it stake in the company from 7.12 % to 5.12 %.

🎯 Morepen Laboratories :
SEBI has prohibited the company from accessing the capital market and restrained it from dealing in securities in the securities including units of mutual funds for a period of one year.

🎯 HEG :
Company promoter RSWM sold 29,000 shares on Sept. 20.

🎯 Vakrangee :
Company promoter & director Dinesh Nanadwana acquired 13.5 lakh shares on Sept. 24.

🎯 Anant Raj :
Company promoter Amar Sarin acquired 1.24 lakh shares on Sept. 23.

🎯 Tourism Finance Corporation :
Company promoter Redkite Capital sold 1.15 lakh shares from Sept. 20-23.

🎯 Apollo Tricoat Tubes :
Company promoter Saket Agarwal sold 1 lakh shares on Sept. 23.

🎯 GMR, Adani :
17 others show interest for Jewar airport.

🎯 Punjab Sind Bank :
Bank okays Rs. 800cr capital infusion by Govt.
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Edited by Sharp.

24th September, 2019 Morning Brief

Market will open on a positive note today in continuation with yesterday's firmness on the bourses.

Asian stocks had a muted open on Tuesday after U.S. shares ended flat on a mixed day for global economic data.

🎯 News & Impact 🎯

🎯 Aurobindo Pharma :
SEBI imposed Rs.22 crore fine on Aurobindo Pharma, its promoter PV Ramprasad Reddy and other connected entities for violating insider trading norms.

🎯 CG Power & Industrial Solutions : Registrar of Companies has granted extension of 2.5 months from Sept. 30 onwards for holding annual general meeting of the company.

🎯 L&T Finance Holdings :
Securities Exchange Board of India dropped charges against Factorial Master Fund relating to a matter in 2014 regarding trading in share of the company.

🎯 Wipro :
Company launched digital platform of Brazil’s industry association Febraban.

🎯 Federal-Mogul Goetze :
CCI approved acquisition of up to 25.02 % stake in Federal-Mogul Goetze by Icahn Enterprises, American Entertainment and IEH FMGI Holdings.

🎯 Apollo Hospitals :
CCI approved restructuring of Apollo Hospitals’ pharmacy unit. The unit will be subsequently acquired by Enam Securities, Jhelum Investments and Hemendra Kothari.

🎯 GFL :
Company promoter Inox Leasing & Finance acquired 71,000 shares on Sept.18.
Positive for the stock. 👍

🎯 Tata Power :
Company promoter Tata Sons acquired 2.7 crore shares from Sept.18-19.
Positive for the stock. 👍

🎯 Panama Petrochem :
Company promoter groups acquired 99,000 shares from Sept.19-20.
Positive for the stock. 👍

🎯 Filatex India :
Company promoter Azimuth Investments acquired 2.5 lakh shares from Sept.19-20.
Positive for the stock. 👍

🎯 Motilal Oswal Financial Services :
Company promoter Passionate Investment Management acquired 75,000 shares on Sept.20.
Positive for the stock. 👍

🎯 SH Kelkar :
Company promoter Ramesh Vaze acquired 2.15 lakh shares from Sept.18-20.
Positive for the stock. 👍

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Edited by Sharp.

23rd September, 2019 Morning Brief

Market will open with a gap up continuing Friday's bull rally backed by reduction in corporate taxes.

Asian stocks were mixed and yuan climbed along with U.S. equity futures as investors monitored signs of progress in trade discussions between America and China.

The Sensex posted its biggest one-day gain in 10 years, rallying 1,921 points to close at 38,014.62 on September 20. The massive rally was due to the announcements made by Finance Minister Nirmala Sitharaman primarily over the cut in corporate tax to 25.17 percent (including cess and surcharges for domestic companies) against the existing 30 %
Another big announcement was the rollback of enhanced surcharge announced in Budget on capital gains arising on sale of any securities including derivatives in the hands of foreign portfolio investors, and on sale of equity share in a company which may change the sentiment and help FPIs convert their outflows into inflows and to invest into quality stocks.

As Nifty50 has come out it's consolidation zone (10700 - 11180) now it can breath freely to hold the bull run. Now Nifty50 has to surpass the descending trendline which can be plotted somewhere between 11600 & 11700.

🎯 News & Impact 🎯

🎯 Thyrocare Technologies :
Company said that the company will not sell the shares of wholly owned subsidiary Nueclear Healthcare to A. Velumani, the promoter, chairman, MD and CEO. 

🎯 Reliance Capital :
CARE Ratings downgraded rating on debt programmes worth Rs 17000 crore of company to Default.
Negative for the stock. 👎

🎯 Petronet LNG :
Tellurian Inc. said it signed a $7.5 billion agreement with the company to buy its proposed liquefied natural gas terminal in Louisiana, in what could potentially be one of the largest foreign investments in the U.S. to ship shale gas abroad.

🎯 Cipla :
Company received Establishment Inspection Report (EIR), indicating closure of the inspection, from the U.S. FDA for the company's API manufacturing facility in Virgonagar, Bengaluru.

🎯 Biocon :
Company received eight Form 483 by the U.S. Food and Drug Administration for two units in Bengaluru. The U.S. FDA had conducted a pre-approval inspection of these units from Sept. 10-19, and even gave one general observation after the inspection.

🎯 Hero MotoCorp :
Company might see a reduction in its earlier-projected capex of Rs 1,500 crore for the current financial year.
Negative for the stock. 👎

🎯 MCX :
Company will consider raising total limit in foreign investment in the company by up to the prescribed sectoral cap of 49 %.

🎯 Torrent Pharma :
Company is expanding its voluntary recall for tablets used to control hypertension in the U.S. due to detection of traces of N-Methylnitrosobutyric acid, according to health regulator U.S. FDA.

🎯 Filatex India :
Company said that it has increased its polymerization capacity from 900 TPD to 1,050 TPD and added machines for producing 170 TPD of Partially Oriented Yarn at Dahej unit, has commenced its operations.

🎯 Alkem Laboratories :
Company acquired Cachet Pharma from its subsidiary company for Rs 51.85 crore.

🎯 Commercial Engineers & Body Builders :
Company formed a joint venture company, Jupiter Kovis India, with Jupiter Wagons Limited, KOVIS D.O.O and KOVIS IND D.O.O. for manufacturing and sale of brake discs.

🎯 Sakthi Sugars :
Company agreed for one-time settlement (OTS) with one of the lenders, viz. Bank of India.

🎯 Rama Steel Tubes :
Company's subsidiary RST International Trading FZE, Dubai incorporated RST Industries Limited as subsidiary company in the Federal Republic of Nigeria to tap business opportunities and to cater diversified demand of the customers in that region.

🎯 Seamec :
Company stated that deployment of vessel SEMEAC II has extended the contract for a further period of 91 days, till Dec. 28.

🎯 Bombay Dyeing :
Bombay dyeing & Manufacturing promoter Jer Mavis Settlement sold 54,000 shares on Sept. 18.
Negative for the stock. 👎

🎯 Adani Ports :
Promoter created a pledge on 1.05 crore shares (0.5 % equity) of the company on September 16.
Negative for the stock. 👎

🎯 Godrej Industries :
Company promoter Anamudi Real Estates acquired 64,000 shares from Sept. 18-19.
Positive for the stock. 👍

🎯 HEG :
Company promoter RSWM sold 1.6 lakh shares on Sept. 18.
Negative for the stock. 👎
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Edited by Sharp.

20th September, 2019 Morning Brief

Market will open on a positive note today after yesterday's fall.

Asia stocks saw modest gains on reduced volumes after a lackluster session for U.S. shares.

US Fed hawkish outlook and slowdown woes hit Indian markets which hit a 7-month low. The S&P BSE Sensex and Nifty50 plunged more than 1 percent each. Ends At Lowest Level Since February 19. Low tax collection and IMD's report on floods damaging crops dented the sentiment.
10650 can be considered as a crucial support for Nifty50 to rely on.

🎯 News & Impact 🎯

🎯 Yes Bank :
Promoter Rana Kapoor today sold a 2.3% stake in the bank for Rs 337.3 crore, bringing down his family’s stake in the bank to 7.4 %.

🎯 Bharat Forge :
Company acquired 50 % stake in its German company Refu Electronik for 11.35 million euros.

🎯 DHFL :
Company said that it is in receipt of proposals from reputed developers to act as development managers in respect of certain large projects including projects under Slum Rehabilitation Scheme wherein the company has extended loans in the past.

🎯 NMDC :
Company sets fines prices at Rs.2,460 per tonne and lump ore prices at Rs 2,700 per tonne, with effect from Sept. 19.

🎯 Power Finance Corporation :
Company transferred a Rajasthan transmission unit to the highest bidder Adani Transmission.

🎯 IHCL :
Company signs a Vivanta hotel in Manipal.

🎯 Dalmia Cement :
Company and Carbon Clean Solutions ink MoU.

🎯 Capital India Finance :
Company signs MOU with Union Bank of India for loan co-origination.

🎯 IEX :
Company approved incorporating of WOS to undertake the business of developing a gas exchange for transacting, clearing and settling trades in various types of gas based contracts with initial investment upto Rs.10 crore.

🎯 Adani Transmission :
The company said it has acquired the entire stake in Bikaner-Khetri Transmission Ltd (BKTL).

🎯 Reliance Power :
Lenders invoked 2.85 % stake in the company from May 2-September 9.

🎯 Godrej Consumer Products :
Company increased its stake in two arms domiciled in Mauritius from 90 percent to 95 %.

🎯 NIIT :
SBI MF increased stake from 4.83 % to 6.29 % in the company.

🎯 Rattan India Power :
Board approved Letter of Intent for thermal project in Maharashtra for purpose of resolution of debt for the lenders.

🎯 Godrej Industries :
Company promoter group Anamudi Real Estates acquired 50,000 shares from Sept. 16-17.
Positive for the stock. 👍

🎯 GFL promoter Inox Leasing & Finance acquired 85,000 shares from Sept. 16-17.

🎯 Alembic :
Company promoter Nirayu acquired 1.5 lakh shares from Sept. 17-18.
Positive for the stock. 👍

🎯 Usha Martin :
Company promoters acquired 4.9 lakh shares on Sept. 16.
Positive for the stock. 👍

🎯 Sun Pharma :
Company promoter Shanghvi Finance acquired 4 lakh shares on Sept. 19.
Positive for the stock. 👍

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Edited by Sharp.

19th September, 2019 Morning Brief

Market will open on a flat note today after a positive closing of yesterday.

Stocks in Asia nudged higher as a weaker yen lifted Japan’s stocks and attention turned to that country’s monetary policy meeting. Other markets are trading mix as US markets closed flat after a point twenty five points' rate cut.

The S&P 500 Index ended little changed, wiping out a drop that at one point reached the biggest in four weeks, as Fed Chair Jerome Powell promised at a press conference to be vigilant against any signs of economic slowdown.

Crude declined as investors shifted attention to a speedy return of Saudi Arabia’s crude production amid signals that global inventories are plentiful.

New listing today :

IIFL Wealth Management

🎯 News & Impact 🎯

🎯 HDFC Bank :
Stock split. Bank ex-date for face value split from Rs. 2 to Re 1 per share.

🎯 Reliance Industries :
Global operators collaborate with Industry partners to Facilitate O-RAN testing and integration.

🎯 Future Retail :
Pledged additional 0.4 percent stake with Edelweiss Finvest and ECL Finance.

🎯 NCC :
Aditya Birla Sun Life MF acquired additional 2.16 percent stake in the company on Sept. 13.

🎯 Rcom :
Global Cloud Xchange (GCX) announces plan to secure financial future.

🎯 Nalco :
The company has announced a record 115 % dividend.

🎯 NTPC :
The company is to build the world's largest single-location solar plant with a capacity of 5,000 MW under Ultra Mega Renewable Power Project.

🎯 Madhav Infra Projects :
Company received letter of acceptance for orders worth Rs.161.3 crore from Maharashtra Government for improvement of road and was awarded a contract worth Rs 96.4 crore from Energy Efficiency Services for building and maintaining 35 MW of solar power generating system.

🎯 Rites :
The company has bagged export contract worth Rs 160 crore from the Ministry of Transport & Civil Aviation, Sri Lanka.

🎯 Laurus Labs :
The company will buy pharmacare subsidiary for 75,000 South African rands.

🎯 Amrapali Fincap :
Gujarat Natural Resources sold 12.09 percent stake in Amrapali Fincap in the open market on September 17.

🎯 Allahabad Bank :
Bank to link retail and ministry of micro, small and medium enterprises loans with repo rate and three-month Mumbai Interbank Offer Rate as benchmark rates.

🎯 Himachal Futuristic Communications :
Company clarified that no pledge has been created on any additional share.

🎯 Jindal Stainless :
Company allotted 80 lakh shares to promoter group entity at Rs 35.65 aggregating to total of Rs 28.6 crore. Promoter holding in the company will increase to 67.8 percent versus 67.3 percent.
Positive for the stock. 👍

🎯 Godrej Industries :
Company promoter group Anamudi Real Estates acquired 44,000 shares from Sept. 11-12.
Positive for the stock. 👍

🎯 Tata Power :
Company promoter Tata Sons acquired 3.4 crore shares from Sept. 12-16.
Positive for the stock. 👍

🎯 HEG :
Company promoter RSWM sold 3.7 lakh shares from Sept. 16-17.
Negative for the stock. 👎

🎯 Anant Raj :
Company promoter Amar Sarin acquired 1.15 lakh shares on Sept. 13.
Positive for the stock. 👍

🎯 Reliance Capital and Reliance Nippon :
No pledged shares of Reliance Nippon have been invoked by any lender.
Negative for the stock. 👎

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Edited by Sharp.

18th September, 2019 Morning

Market will open on a positive note today.

Stocks in Asia opened mixed as investors shrugged off the worries about the rise in crude oil prices as oil sank from a three and a half month high amid signs Saudi Arabia is restoring production after a debilitating weekend attack on key installations. and awaited the outcome of the Federal Reserve’s policy meeting, where it’s widely expected to cut interest rates again.

Again low level of confidence keeps market into consolidation phase. 11100 will be the level to conquer repeatedly for considering another 100-200 points' rally.

🎯 News & Impact 🎯

🎯 Bajaj Finance :
Company will raise up to Rs 8,500 crore through qualified institutional placement by issuing equity shares.

🎯 Coffee Day Enterprises :
Blackstone Group and Salapuria Sattva Group have agreed to acquire the company’s Global Village Tech Park in Bengaluru. 

🎯 Sunteck Realty :
Company signed an agreement with Transcon Enterprises for development of residential, commercial and retail project in Mumbai’s Andheri area.

🎯 Oil marketing stocks :
Indian refiners and Rosneft are in talks to finalise a term-contract for supply of Russian oil as part of the South Asian nation’s efforts to diversify its sources of crude.

🎯 Gujarat Alkalies and Chemicals :
Company has completed the commissioning of remaining 12.5 MW Solar Power Plant in Charanka.

🎯 Ahluwalia Contracts :
Company secured orders worth Rs. 497.36 crore.

🎯 NCC :
Aditya Birla Sun Life MF increased stake from 5.09 percent to 7.24 percent in the company.

🎯 MSTC :
Bihar State Road Transport Corporation has appointed to the company as selling agent to sell all categories of goods and equipment for a period of three years.

🎯 Magma Fincorp :
Entered into co-origination arrangement with ICICI Bank Limited for asset backed finance business.

🎯 Hindalco :
Company debuts on Dow Jones Sustainability Index (DJSI) 2019 in the emerging markets category.

🎯 Jump Networks :
Company signs annual digital services agreement of minimum guaranteed revenues of Rs.100 crore to provide wholesale VolP services.

🎯 Mahindra & Mahindra :
Company acquires 100 % in Mahindra Bangladesh Private Limited.

🎯 CG Power & Industrial Solutions : Securities and Exchange Board of India barred the company's ex-chairman Gautam Thapar and three other former officials from capital markets for “serious” misstatement of accounts as well as diversion of funds, and ordered forensic audit of the company.
Negative for the stock.

🎯 Balmer Lawrie & Co :
Board deferred the proposal of bonus share issue.
Negative for the stock.

🎯 Usha Martin :
Company promoter Rajeev Jhawar acquired 5 lakh shares on Sept. 16.
Positive for the stock. 👍

🎯 Aarti Drugs :
Company promoter Rashesh Ghogri acquired 40,000 shares on Sept. 12.
Positive for the stock. 👍

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Edited by Sharp.

17th September, 2019 Morning Brief

Market will open on a negative note today.

Asian stocks slipped at the open as investors assessed heightened geopolitical risks in the aftermath of the strike on Saudi Arabia’s crude production that sent oil prices soaring.

Dow snaps 8-day winning streak on fears spiking oil will slow the global economy. Dow slid by 142 points followed by Nasdaq & S&P 500.

India’s wholesale inflation remained unchanged in August, showed data released by the Government on Monday. Fine print of the data, however, showed that no increase in prices of manufactured products for the first time in over three years, indicating weak demand.

Nifty formed a dragonfly Doji kind of pattern on the daily charts on Monday.

The formation of a Doji pattern after a bullish candle indicates there is some indecisiveness among the bulls as well as the bears. A crucial level to conquer for the Nifty50 will be 11100.

🎯 News & Impact 🎯

🎯 Dr. Reddy :
Company has launched over-the-counter Lansoprazole capsules used for the treatment of frequent heartburn in the US market.

🎯 Tata Power :
Company's subsidiary Tata Power Renewable Energy Ltd (TPREL) has commissioned 150 megawatt (MW) solar capacity project at Pokhran in Rajasthan.

🎯 NBCC :
signed a memorandum of understanding with Utkal University, Odisha for a construction contract worth Rs.390 crore.

🎯 Glenmark Pharma :
Company received orphan drug designation from the U.S. Food and Drug Administration for bispecific antibody for the treatment of multiple myeloma.

🎯 CG Power & Industrial Solutions :
KKR Group acquired a 10 % stake in CG Power & Industrial Solutions for Rs.89 crore via open market transactions

🎯 TCS :
Tata Consultancy Services and General Motors have launched a new partnership with General Motors for Global Vehicle Engineering.

🎯 DLF :
Company has sold nine acres of land to American Express for building its office campus for Rs 288 crore.

🎯 GVK Power & Infra :
Company’s transportation arm has terminated concession agreement with NHAI on account of material breach and defaults on the part of the road authority. 

🎯 SMS Pharmaceuticals :
U.S. FDA has issued design for manufacturing information request to the company and requested to prove information to demonstrate that company’s Ranitidine API manufacturing process does not contain N-Nitrosodimethylamine impurity.

🎯 Bayer Cropscience :
Group has closed Monsanto integration in India.

🎯 Lemon Tree Hotels :
Company has signed a license agreement for a 80 room hotel in Durgapur. Hotel is expected to be operational by January 2023.

🎯 Lemon Tree Hotels :
Company has signed a license agreement for a 80 room hotel in Durgapur. Hotel is expected to be operational by January 2023.

🎯 Wipro :
Company has inked a strategic partnership with German based company Industrie 4.0 Maturity Centre for digital solutions.

🎯 Pidilite Industries :
Company has incorporated an arm to carry in business of manufacturing materials used in the construction industry.

🎯 Asian Paints :
Company’s wholly owned subsidiary Asian Paints International, Singapore (APIPL) divested its entire stake in Berger Paints Singapore Pte, wholly owned subsidiary of APIPL to Omega Property Investments Pty Ltd, Australia.

🎯 Rico Auto :
Company closes JV with Singapore's Ultra Fairwood PTE due to lak of clear policies of the Government.

🎯 Hinduja Global Solutions :
The company made an announcement about the launching of HGS Digital, a new practice focused on providing high-end digital strategy and transformative digital-first solutions.

🎯 Mindtree :
The company has signed an agreement with Atotech to help manage their SAP landscape.

🎯 Aurobindo Pharma, Alkem Labs, Hetero, MSN Laboratories, Sun Pharmaceutical and Zydus Cadila : Allergan said proposed generic versions of treatment for irritable bowel syndrome with diarrhea by Aurobindo Pharma, Alkem Labs, Hetero, MSN Laboratories, Sun Pharmaceutical and Zydus Cadila infringe as many as six patents for Viberzi. Allergan is seeking a court order blocking copies until after the patents have expired, and to collect cash compensation if copies are made before then, according to complaint filed Friday in federal court in Wilmington, Delaware.

🎯 Mangalam Cement :
Company promoter Vidula Consultancy Services acquired 1.25 lakh shares on Sept. 12.
Positive for the stock. 👍

🎯 Anant Raj :
Company promoter Ashok Sarin acquired 52,500 shares from Sept. 9-12.
Positive for the stock. 👍

🎯 Jagran Prakashan :
Company promoter group Devesh Gupta acquired 41,600 shares on Sept. 12.
Positive for the stock. 👍

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Edited by Sharp.

16th September, 2019 Morning Brief

Market will open with a gap-down as US futures tumbled on the news of drone attack. Saudi Arabia's oil industry came under a direct attack on Saturday as Yemen's Iran-aligned Houthi group carried out drone attacks on Aramco oil plants.

Global oil prices surged the most on record after a drone strike on a Saudi Arabian oil facility removed about 5 % of global supplies. Haven asset, gold surged on concern over the geopolitical fallout from the attacks.

The unprecedented move in oil reverberated around financial markets. U.S. equity futures declined, while shares in Asia opened flat.

The last week rally was supported by hope of more economic revival measures from government and likely rate cut after inflation remained under RBI target. Globally, easing US-China trade tensions and ECB stimulus lifted sentiment. The Federal Open Market Committee's two-day meeting on September 17-18 will be a key to watch out for this week as majority of economists and experts globally largely expect another 25 bps rate cut after 25 basis points rate cut in July, the first since financial crisis in December 2008. But the recovery from the global war cricis will be crucial for our markets.

🎯 News & Impact 🎯

Saudi Arabia's oil industry came under a direct attack on Saturday as Yemen's Iran-aligned Houthi group carried out drone attacks on Aramco oil plants which will shake investors' confidence and it will fuel up more pessimism.
Negative for the market. 👎

🎯 Real Estate stocks :
Finance Minister Nirmala Sitharaman announced announced the creation of a special fund to provide financing to the many stalled affordable and middle-income housing projects in the country. The government will contribute Rs 10,000 crore to the fund, and expects a similar-sized contribution from external entities such as Life Insurance Corporation, banks, sovereign.
Positive for the sector. 👍

🎯 Prabhat Dairy :
Board approved delisting proposal of the company.

🎯 Equitas Holdings :
SEBI has returned the draft scheme for listing of Equitas Small Finance Bank and advised to company to resubmit the same after ensuring compliance with norms.

🎯 Texmaco Rail & Engineering :
Board sets Rights Issue price at Rs. 46.7 per share seeking to raise Rs.200 crore.

🎯 Cox & Kings Financial Service :
Board has approved the surrender of NBFC license of the company considering the ongoing challenges and slowdown in NBFC environment.

🎯 Bharat Electronics :
Company won orders worth Rs.5,357 crore for Akash Missile Systems for Indian Air Force.

🎯 TV Today Network :
HDFC Mutual Fund increased its stake to 9.25 % from 7.15 % in the company.

🎯 Emami Paper Mills :
Board of Directors have approved surrender of land in Gujarat allotted by GIDC for Greenfield Expansion Project.

🎯 Alembic-Demerger :
Cost of acquisition for Alembic’s equity share at 98.84 % and the remaining stake will be 1.16 % towards preference shares of Shreno.

🎯 Hudco :
Company received loan sanctions of Rs. 6,793.21 crore and loan releases of Rs 5,160.94 crore as on Aug. 31.

🎯 Info-Edge :
Company increased its stake to 32.85 % in ShoeKonnect for Rs 4 crore.

🎯 Emami Paper Mills :
Surrender of plots allotted by Gujarat Industrial Development Corporation (GIDC), Gujarat for Greenfield Expansion Project.

🎯 Mahindra & Mahindra :
Company to observe no production days between 8-17 days for automotive and farm equipment sector.

🎯 SML Isuzu :
Company has decided to shut its chassis manufacturing plant in Punjab from Sept. 16-21. Need based production will continue for Bus Body Division.

🎯 Eveready Industries & McLeod Russel :
High Court of Calcutta has passed an ad-interim order of injunction by which, the company has been restrained from transferring, alienating or encumbering any of its assets till the disposal of the said application in reference to a matter filed against some of the promoters of the company with regards to certain alleged dues.

🎯 Monsanto India and Bayer CropScience :
The National Company Law Tribunal (NCLT) has on September 13, approved the scheme of amalgamation of Monsanto India with Bayer CropScience.

🎯 BEML :
Company set up bogie traction motor run test facility for metro at its manufacturing unit at Bengaluru complex.

🎯 Usha Martin :
Company promoter Peterhouse Investments sold 3.05 lakh shares from Sept. 11-12.
Negative for the stock. 👎

🎯 Aarti Industries :
Company promoter Chandrakant Vallabhji Gogri sold 2.1 lakh shares from Sept. 9-12.
Negative for the stock. 👎

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Edited by Sharp.

13th September, 2019 Morning Brief

Market will open on a flat note after yesterday's negative closing.

The S&P 500 rose to just under its all-time high after a report that American officials have discussed offering a limited trade agreement to China.

Asia stocks saw modest gains Friday at the end of a week in which trade optimism continued to grow and the European Central Bank introduced a fresh round of stimulus.

Data released by the statistics ministry on Thursday showed the index of industrial production (IIP) grew 4.3% in July from a downward-revised 1.2% a month ago, while retail inflation quickened to 3.21% in August from 3.15% in the previous month.

🎯 News & Impact 🎯

🎯 Ajanta Pharma :
Company gets tentative US FDA nod for Dapagliflozin.
Positive for the stock. 👍

🎯 Power Grid Corporation :
Company was declared successful bidder for two transmission projects in Madhya Pradesh and Rajasthan.

🎯 Zee Entertainment :
Company promoter Cyquator Media Services decreased its stake in the company from 21.15 % to 12.14 % and promoter Essel Corporate LLP’S stake fell from 3.28 percent to 1.48 percent.

🎯 Biocon :
Company licensed three Generic Formulations Products to China Medical System Holdings.

🎯 Dr. Reddy’s Laboratories :
Company received EIR from the U.S.FDA indicating closure of audit for its Vizag’s formulations plant.
Positive for the stock. 👍

🎯 Infibeam Avenues to separate its SME e-commerce services unit to Suvidha Infoserve, with Suvidhaa issuing 197 shares for every 1,500 shares. Company’s unit NSI Infinium Global will also separate its e-commerce business unit. Company’s Themepark & Event Software undertaking will be demerged to its own subsidiary DRC Systems.

🎯 Gravita :
Company’s Ghana arm has increased its capacity of its existing Lead Recycling Plant from 60,000 MTPA to 12,000 MTPA.

🎯 Sintex Industries :
Company defaulted payment of NCDs interest amounting to Rs 3.03 crore which was due on Sept. 11.

🎯 Bharat Road Networks :
SEBI revoked its order, stating that now the company can dispose its assets or divert funds without prior permission of SEBI.
Positive for the stock. 👍

🎯 ICICI Bank :
SEBI imposed a penalty of Rs 10 lakh on the Bank and Rs 2 Lakh Penalty from Bank’s ED Sandeep Batra regarding disclosure norms regarding agreement signed between dominant shareholders of the Bank and Bank of Rajasthan.

🎯 PI Industries :
Company to buy entire stake in Isagro Asia for Rs 345 crore.

🎯 Kalpataru Transmission :
HDFC AMC increased its stake from 7.4 % to 9.6 % in the company.
Positive for the stock. 👍

🎯 Virinchi :
Company awarded Aadhar Project for Rs. 20 crore from Telengana government.
Positive for the stock. 👍

🎯 Tata Power :
Company promoter Tata Sons acquired 1.6 crore shares from Sept. 5-11.

🎯 Elpro International :
Company promoter International Conveyors acquired 1.9 lakh shares on Sept. 9

🎯 Adani Ports :
Lien on 74 lakh promoter shares released on September 6 & 7.

🎯 Adani Transmission :
Lien on 2.96 % promoter stake released on September 6,7 & 11.
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Edited by Sharp.

12th September, 2019 Morning Brief

Market will open on a positive note today.

U.S. equity futures rose along with Asian stocks and the yuan after President Donald Trump said he will delay the next tariff increase on China by about two weeks.

Market will trade cautiously as India Aug. Consumer Price Inflation (prior 3.15 % YoY) and India July Industrial Production (prior 2.0 % YoY) to be announced after market hours.

🎯 News & Impact 🎯

🎯 SBI Life Insurance :
SBI’s board has approved an offer-for-sale of at least 3.5 % stake—or 3.5 crore shares—in SBI Life Insurance Company Ltd., with an option of oversubscription of 1 percent. The floor price for the sale has been set at Rs. 770 per share.

🎯 Dr. Reddy's Lab :
The company announced the launch of Fosaprepitant for Injection in the US market, approved by the US Food and Drug Administration (USFDA).

🎯 Alkem Laboratories :
Company received four Form 483 observations from the U.S. Food and Drug Administration for its manufacturing facility in St.Louis, U.S.

🎯 Apollo Hospitals :
Company founder Sunitha Reddy to sell 50 lakh shares up to Rs.725 crore.
Negative for the stock. 👎

🎯 MSTC :
Adani Group has appointed the company as selling agent to sell all surplus inventory and equipment for the entire Group.

🎯 Reliance Capital :
Company to exercise the over-subscription option 3.15 percent stake sale, in addition to the base sale of 3.15 percent of equity shares, aggregating to 6.3 percent of Reliance Nippon Life Asset Management.

🎯 Walchand Nagar :
Company Industries has entered into an agreement with Indian Space Research Organisation to supply equipment for GSLV Launch Vehicle for a contract value of Rs.77.2 crore.

🎯 Kridhan Infra :
Company’s arm secured infra orders worth Rs.112 crore for Bengaluru International Airport.

🎯 OnMobile Global :
Company said that it has dissolved its Romanian unit with effect from Sept. 4.

🎯 Arvind :
Company promoter Aura Business acquired 4.2 lakh shares on Sept. 6.
Positive for the stock. 👍

🎯 Panama Petrochem :
Company promoter group Ittefaq Ice & Cold Storage acquired 47,000 shares on Sept. 9.
Positive for the stock. 👍

🎯 KEC International :
Company promoter RPG Venture acquired 69,000 shares on Sept. 9.
Positive for the stock. 👍

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Edited by Sharp.

11th September, 2019 Morning Brief

Market will open on a positive note today.

Stocks in Asia edged higher following a late rally in U.S. equities.

U.S. stocks erased losses in the final moments of trading as investors continued to gravitate to value shares.

🎯 News & Impact 🎯

🎯 Sun Pharma :
Company unit has increased its stake in PJSC Biosintez (Russia) from 96.96 % to 100 % for $8.2 lakh.

🎯 India Motor Parts :
Company recommends bonus issue in 1:2 ratio.
Positive for the stock. 👍

🎯 Indiabulls Real Estate :
Company plans to sell stake in four joint-ventures at an aggregate equity value of Rs.4,420 crore to Blackstone Group. The stake sale will help achieve the company its target of being zero net debt.
Positive for the stock. 👍

🎯 Reliance Capital :
Company called off its general insurance unit’s sale to Hero Fincorp.

🎯 Strides :
Company acquires strategic stake in Fairmed Healthcare AG in Europe.

🎯 Glenmark Pharmaceuticals :
Company receives ANDA approval for Clobetasol Propionate Foam.

🎯 DHFL :
DSP Mutual Fund said that DHFL has paid the balance amount of Rs.75 crore, resulting in the complete recovery of CPs held by various schemes of DSP Mutual Fund.

🎯 HCL Technologies :
Company plans to acquire 100 % stake in Sankalp Semi-Conductors for Rs.180 crore.

🎯 TCS :
Company partners with Cisco to build solutions that accelerate digitaI transformation.

🎯 Voltas and Tata Power partner to promote energy efficient ACs for consumers in Mumbai.

🎯 Premier Explosives :
Company receives order from Vikram Sarabhai Space Centre (VSSC) for production of PSOM-XL segments (solid propellant) for their satellite launch vehicles.

🎯 Allsec Technologies :
Company accepted the recommendations of the audit committee for purchase of HR Compliance Business of Coachieve Solutions as a going concern on a slump sale basis.

🎯 DFM Foods :
AI Global Investments (Cyprus) PCC makes an open offer to acquire 26 % stake at Rs.249.50 per share.

🎯 Quess Corp :
Fair trade regulator Competition Commission of India has approved Amazon Group’s investment arm’s application to invest in equity shares of the company by preferential allotment.

🎯 DFM Foods :
AI Global Investments (Cyprus) PCC Ltd., a subsidiary of U.S.-based private equity firm Advent International Corporation, will aquire the company for Rs.852 crore.

🎯 Meghmani Organics :
Company's arm said that it will set up project of Epichlorohydrin with a capacity of 50,000 tonne per annum. The project will be setup with a capex of Rs 275 crore and is expected to generate revenue of Rs 460 crore per annum at optimum operating rate. At present, the aforementioned product is imported entirely for domestic consumption.

🎯 Inox Leisure :
HDFC MF increased its stake from 5.2 % to 7.4 % in the company.

🎯 Punjab & Sind Bank :
Bank to consider capital infusion of Rs. 800 crore by Government of India on Sept. 19.

🎯 JSW Energy :
Company receives letter of award (LoA) for supply of 290 MW for a period of 3 years from the company's Vijayanagar Plant.

🎯 Indian Hume Pipe :
Company receives letter of intent (LoI) for the work of Rs.133.08 crore.

🎯 Varun Beverages :
Company to increase its stake from% 35 % to 55  in Lunarmech Technologies for Rs 15 crore.

🎯 Khadim India :
Company incorporated a wholly owned subsidiary in Bangladesh in the name of Khadim Shoe Bangladesh.

🎯 ABB :
ABB India, NITTTR set up digital simulation lab in Chandigarh.
Positive for the stock. 👍

🎯 Deepak Fertilisers :
Green nod to Deepak Fertilisers' Rs.190 cr expansion project.
Positive for the stock. 👍

🎯 Essel Propack :
Promoter Epsilon created pledge of 75 % stake in the company in favor of DB International Trust (Singapore).
Negative for the stock. 👎

🎯 Elpro International :
Company promoter International Conveyors acquired 4 lakh shares on Sept. 5.
Positive for the stock. 👍

🎯 Anant Raj :
Company promoters acquired 3.3 lakh shares from Sept. 5-6.
Positive for the stock. 👍

🎯 Panama Petrochem :
Company promoter group Ittefaq Ice and Cold Storage acquired 84,000 shares from Sept. 5-6.
Positive for the stock. 👍

🎯 Jindal Stainless Steel :
Company promoter Ratan Jindal acquired 1.56 lakh shares from Sept. 5-6.
Positive for the stock. 👍
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Edited by Sharp.

9th September, 2019 Morning Brief

Market will open on a flat note today.

Asian stocks saw modest gains on lower volumes Monday, as traders weighed further stimulus from China amid weak economic data.

U.S. stocks on Friday supported for a third straight advance.

The U.K. Parliament may be suspended as soon as Monday, and a bill blocking a no-deal Brexit could become law. That bill would derail Prime Minister Boris Johnson’s strategy and could trigger the opposition Labour Party to agree to a general election.
OPEC’s monthly oil market report, which includes demand forecasts and production estimates, is due Wednesday.
The European Central Bank policy meeting this Thursday is widely expected to see a cut to interest rates and a review of all options.

🎯 News & Impact 🎯

🎯 NBCC :
Company secures business of Rs 400 crore in the month of August, 2019. Company has submitted its willingness to take over the responsibility of preparing a revised plan to take over incomplete assets to the Supreme Court.

🎯 Equitas Holdings :
The Reserve Bank of India on Friday denied an extension of the deadline to Equitas Small Finance Bank for its listing on the bourses. As per the RBI’s licensing requirements, the deadline for listing the bank was Sept. 4. As a punitive measure, RBI said that the bank is not permitted to open new branches till further notice and froze the remuneration of managing director and chief executive officer of the bank stands frozen at the existing level till further notice.
Negative for the stock. 👎

🎯 CanFin Homes :
Canara bank seeks bids to sell its 29.99 % stake in Can Fin Homes.

🎯 Vivimed Labs :
Company enters definitive agreements for transfer and sale of its wholly owned subsidiary to Vivimed Specialty Chemicals UK.

🎯 Zee :
The Zee group promoters, which sold a stake in flagship Zee Entertainment Ltd. a month ago, repaid nearly Rs 4,450 crore to lenders including mutual funds and non-bank finance companies, the person said on the condition of anonymity as the information is not public yet.

🎯 Reliance Industries :
RIL and BP Plc aim to commence gas production from KG-D6 basin in April-June 2020. Consortium seeks bids for selling 5 million metric standard cubic meter per day of gas on long-term basis. The bidding would be conducted on Oct. 10. Seeks USD 5.4 minimum price for new gas from KG-D6.

🎯 Coffee Day Enterprises :
The company has appointed idfc securities as advisor for identifying strategic option for stake sale.

🎯 Shilpa Medicare :
Company received two observations for formulation plant in Telangana by the U.S. FDA. The company also said that there were no repeat observations or data integrity related observations.

🎯 GFL :
Company promoter Inox Leasing and Finance acquired 56,000 shares on Sept. 4.
Positive for the stock. 👍

🎯 Cadila Healthcare :
Company promoter Zydus Family Trust acquired 2.7 lakh shares on Sept. 4.
Positive for the stock. 👍

🎯 Meghmani Organics :
Company promoters acquired 72,000 shares from Sept. 3-4.
Positive for the stock. 👍
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Edited by Sharp.

6th September, 2019 Morning Brief

Market will open on a positive note today after a lacklustre session on yesterday.

US markets ended in blue as the United States and China have agreed to return to the negotiating table in Washington to discuss trade. It will be the first face-to-face meeting between the two sides since the trade war's rapid escalation in recent weeks.

Stocks in Asia rose after a strong session on Wall Street as a slew of data bolstered confidence in the American economy.

Nifty50 formed a Doji pattern on the daily chart.
The formation of a doji candle after a bullish candle indicates there is some indecisiveness among the bulls as well as the bears.
Nifty should close above 11000 mark and 11180 for next upward move. Till that market will consolidate between 10700 and 11180. Any closing below 10600 - 10550 zone will lead to a further fall.

🎯 News & Impact 🎯

🎯 Sun Pharma :
Company clarified that SEBI had ordered forensic audit with respect to financial statements for financial years 2016, 2017 and 2018, which are presently underway. The company said that it has always sought to comply with regulatory obligations.

🎯 Prabhat Dairy :
Board of directors to consider delisting of shares from the bourses on Sept. 10. 

🎯 Videocon Industries :
The National Company Law Tribunal has directed State Bank of India to maintain status quo on its plan to sell upstream oil and gas assets of the Group located in Brazil and Indonesia.

🎯 TCS :
Company has expanded its strategic partnership with Posten Norges AS for solutions in areas of mail, communications and logistics.

🎯 Tech Mahindra :
Company has announced a multi-year agreement with AT&T Network.

🎯 Hinduja Global Solutions :
Company stated that it has recovered $1 billion in denied insurance payments on behalf of healthcare systems.

🎯 NCC :
Sundaram Group decreased stake from 5.16 % to 2.77 % in the company.

🎯 Havells :
Company launches India's first complete square pedestal fan.

🎯 Datamatics Global Services :
Company entered in a strategic partnership with Bangalore International Airport for digital services.

🎯 Maruti Suzuki :
European Commission cleared the acquisition of joint control over a newly created plant, by Toyota Tsusho India Pvt. Ltd., its parent Toyota Tsusho Corporation, and Maruti Suzuki India Ltd., according to European Commission’s statement.

🎯 DLF :
Company clarifies that the group has no exposure or investment in the Indiabulls group or any of the ventures of its promoters.
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Edited by Sharp.

5th September, 2019 Morning Brief

Market will open flat today after a positive closing yesterday.

Stocks and U.S. futures opened higher on Thursday in Asia after a broad rally in global equities amid an improvement in investor sentiment.

Stock losses eased across the globe yesterday after the political tensions appeared to subside in Hong Kong, Italy and the UK, while indicators in China and Europe hinted global economic growth may not be as bad as some expected.

🎯 News & Impact 🎯

🎯 Wipro :
Company secured a strategic seven-year contract worth $300 million from ICICI Bank to provide digital services.
Positive for the stock. 👍

🎯 Power Grid Corporation :
Company declared successful bidder for Transmission work in Madhya Pradesh.

🎯 Equitas Holdings :
Equitas Small Finance Bank has sought Reserve Bank of India extension on listing of shares.

🎯 ONGC :
Company stated on the fire accident in Uran Processing Unit of the company that Offshore Crude supply has remained unaffected and impact of fire in local vicinity is ‘nil’. 
Positive for the stock. 👍

🎯 MCX :
Company signed a memorandum of understanding with China’s Zhengzhou Commodity Exchange for cooperation and the exchange of information. Prithvi Haldea resigned from post of Public Interest Director with effect from Sept. 3.

🎯 ICICI Lombard :
Company enters into a strategic tie up with Standard Chartered Bank.

🎯 SREI Infra Finance :
Company signed co-operation agreement with Russia’s Quippo and Rosgeo, where all the parties intend to develop cooperation in the fields of land and marine geophysical work in both the countries.

🎯 Elecon Engineering :
Company received arbitration award worth Rs 37.5 crore against BGR Energy as the order was passed by NCLT.

🎯 Hindalco :
Deal to buy aluminium maker Aleris Corp faces U.S. regulatory hurdle.

🎯 Sterling Biotech :
NCLAT sets aside liquidation of Sterling Biotech

🎯 Usha Martin :
Company promoter Rajeev Jhawar acquired 19.2 lakh shares on Sept. 3.

🎯 Cadila Healthcare :
Company promoter group Zydus Family Trust acquired 2.5 lakh shares on Sept. 3.

🎯 Vodafone Idea :
Company promoters acquired 25 lakh shares from Aug. 29-30.
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Edited by Sharp.

4th September, 2019 Morning Brief

Market will open on a positive note today after witnessing a huge sell-off yesterday.

Asian stocks opened lower on Wednesday after a disappointing U.S. manufacturing report reignited concern about global economic growth during an impasse in the trade war.

🎯 News & Impact 🎯

🎯 ICICI Lombard General Insurance : Insurance Regulatory and Development Authority of India has waived off the earlier imposed lock in period on the equity shares held by Fairfax.

🎯 Steel companies :
Steel companies in selling pressure after India Ratings and Research cut steel demand growth estimate to 4 % from 7 % for the current financial year. 

🎯 Tata Communications :
Company said that Neeco Global ICT Services has become a customer of the company, to market digital solutions for enterprises in Europe.

🎯 Mahanagar Gas :
Gas supply to Mahanagar Gas CNG stations in Mumbai restored.

🎯 Future Market Networks :
ESR arm has partnered with Future Group to invest Rs.300 crore to develop logistics infra assets in Nagpur and Jhajjar.

🎯 Praj Industries :
Company's proprietary technology to be deployed to produce ethanol and other co-products using sugarcane bagasse in the U.S.

🎯 IndiaMart InterMesh :
Company to acquire 26 % stake in in Simply Vyapar App for Rs.31.2 crore.

🎯 Rodington :
Standard Chartered Private Equity reduced its stake in the company by 2.72 percent to nil.

🎯 Mangalam Cement :
Company promoter Vidula Consultancy Services acquired four lakh shares on Aug. 30.

🎯 Anant Raj :
Company promoter Anil Sarin acquired 7.7 lakh shares from Aug. 28-29.

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Edited by Sharp.