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.