30th September, 2019 Morning Brief

Market will open on a flat note today.

Stocks in Asia declined as investors weighed the latest signs of trade tensions as China’s economy continued to show weakness in manufacturing.

The S&P 500 retreated on Friday to end at three-week low, after the Trump administration is considering sweeping limits to capital-market investments.

Market may trade with a cautioun ahead of India fiscal deficit data for April-August period and India eight infrastructure industries index for August, prior 2.1 percent.

🎯 News & Impact 🎯

IRCTC IPO opens today.

Aarti Industries record date for bonus share issue at 1:1.

🎯 Reliance Capital :
Company announced the completion of 21.54 percent stake sale in its mutual fund arm Reliance Nippon Life Asset Management Ltd. to joint venture partner Japan's Nippon Life Insurance for Rs 3,030 crore.

🎯 Tata Power :
Company’s solar arm won 105 MWP bid for floating solar project worth Rs 343 crore.

🎯 Seamec :
Company has entered into charter party worth $1 million with Posh Subsea.

🎯 Cox & Kings :
Statutory Auditor DTS & Associates have resigned with effect from Sept. 26, citing that there has been an absence of any committed timelines for publishing the first quarter’s result for the current financial year 2020. Besides, the International Air Transport Association has terminated its license to the company for selling tickets and has asked company to surrender IATA ID Card.

🎯 Voltas :
Board approved amalgamation of wholly owned arm Universal Comfort Products with the company.

🎯 Bandhan Bank :
NCLT Kolkata approved amalgamation of Gruh Finance with Bank.

🎯 Mcnally Bharat Engineering :
Company has entered into a collaboration agreement with Turkish company Kaylon.

🎯 Punjab & Sind Bank :
Company received Rs.787 crore from Government of India in connection with the capital infusion.

🎯 V-Mart Retail :
Company has opened three new stores across Madhya Pradesh and West Bengal.

🎯 63 Moons Technologies :
Company has completed sale of 55.35 percent stake in Atom Technologies to NTT Data.

🎯 Future Consumer :
Company acquired 50 % stake in Genoa Rice Mills, thus making it the company’s wholly owned arm.

🎯 PNB Gilts :
DHFL defaulted in payment bonds and interest worth Rs.5 crore to PNB Gilts.
Negative for the stock. 👎

🎯 Cipla :
U.S. Food and Drug Administration Current Good Manufacturing Practice inspection was completed at the company’s Goa plant and 12 observations were issued.

🎯 Aster DM Healthcare :
The company acquired additional 9.49 percent stake in its subsidiary Sri Sainatha Multispeciatility.
Positive for the stock. 👍

🎯 Inox Leisure :
The NCLT approved scheme of merger with Swanston Multiplex Cinema with the company.

🎯 Advanced Enzyme Technologies :
Company promoter Atharva Green Ecotech acquired 6.29 lakh shares on Sept. 26.
Positive for the stock. 👍

🎯 Vakrangee :
Company promoter Dinesh Nandwana acquired 5.22 lakh shares on Sept. 27.
Positive for the stock. 👍

🎯 GFL :
Company promoter Inox Leasing & Finance acquired 1 lakh shares on Sept. 25.
Positive for the stock. 👍

🎯 Anant Raj :
Company promoter Amar Sarin acquired 2.15 lakh shares from Sept. 24-25.
Positive for the stock. 👍

🎯 Zee Media Corporation :
Company promoter 25FPS Media sold 1.04cr shares from July 26-Sept. 20.
Negative for the stock. 👎

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Edited by Sharp.