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.