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.