6th September, 2019 Morning Brief

Market will open on a positive note today after a lacklustre session on yesterday.

US markets ended in blue as the United States and China have agreed to return to the negotiating table in Washington to discuss trade. It will be the first face-to-face meeting between the two sides since the trade war's rapid escalation in recent weeks.

Stocks in Asia rose after a strong session on Wall Street as a slew of data bolstered confidence in the American economy.

Nifty50 formed a Doji pattern on the daily chart.
The formation of a doji candle after a bullish candle indicates there is some indecisiveness among the bulls as well as the bears.
Nifty should close above 11000 mark and 11180 for next upward move. Till that market will consolidate between 10700 and 11180. Any closing below 10600 - 10550 zone will lead to a further fall.

🎯 News & Impact 🎯

🎯 Sun Pharma :
Company clarified that SEBI had ordered forensic audit with respect to financial statements for financial years 2016, 2017 and 2018, which are presently underway. The company said that it has always sought to comply with regulatory obligations.

🎯 Prabhat Dairy :
Board of directors to consider delisting of shares from the bourses on Sept. 10. 

🎯 Videocon Industries :
The National Company Law Tribunal has directed State Bank of India to maintain status quo on its plan to sell upstream oil and gas assets of the Group located in Brazil and Indonesia.

🎯 TCS :
Company has expanded its strategic partnership with Posten Norges AS for solutions in areas of mail, communications and logistics.

🎯 Tech Mahindra :
Company has announced a multi-year agreement with AT&T Network.

🎯 Hinduja Global Solutions :
Company stated that it has recovered $1 billion in denied insurance payments on behalf of healthcare systems.

🎯 NCC :
Sundaram Group decreased stake from 5.16 % to 2.77 % in the company.

🎯 Havells :
Company launches India's first complete square pedestal fan.

🎯 Datamatics Global Services :
Company entered in a strategic partnership with Bangalore International Airport for digital services.

🎯 Maruti Suzuki :
European Commission cleared the acquisition of joint control over a newly created plant, by Toyota Tsusho India Pvt. Ltd., its parent Toyota Tsusho Corporation, and Maruti Suzuki India Ltd., according to European Commission’s statement.

🎯 DLF :
Company clarifies that the group has no exposure or investment in the Indiabulls group or any of the ventures of its promoters.
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Edited by Sharp.