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.