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.