Monday, 18 November 2019

19th November, 2019 Morning Brief

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

Asian stocks drifted lower at the open as investors continued to await signs of progress in U.S.-China trade negotiations.

U.S. stocks edged higher to fresh records as investors looked for signs of progress in U.S.-China trade negotiations.

🎯 News & Impact 🎯 

CSB Bank IPO opens on Nov. 22. The IPO price band is fixed at Rs 193-195 per share.

🎯 Telecom stocks 
Bharti Airtel and Vodafone Idea announced plans to increase tariffs from next month. 

🎯 Tata Motors :
Company has bagged an order for 400 electric vehicles from Lithium Urban Technologies, informed the homegrown automaker in a release. These include 400 Tata Tigor EV sedan.
Positive for the stock. 👍 

🎯 Grasim Industries, Vodafone Idea : Aditya Birla Idea Payments Bank filed for voluntary liquidation. Liquidation order was passed on Sept. 18.

🎯 Welspun Corp
The Competition Commission of India approved Plates and Coils Mill-Welspun-Laptev finance deal, according to Bloomberg report.

🎯 Maruti Suzuki :
Company launched BS-VI compliant Wagon R variant for petrol.

🎯 Accelya Solutions :
Company said that the company’s holding company Accelya Topco has entered into an agreement for sale of its shares to investment firm Vista Equity Partners.

🎯 8K Miles Software Services 
Deloitte Haskins & Sells resigned from the post of Statutory Auditors on Nov. 15.
Negative for the stock. 

🎯 Prestige Estates :
Company acquired 29 % stake in DB (BKC) Realtors from Trinity Capital.

🎯 Yes Bank :
Company acquired 20.61 % stake in Tulip Star Hotels over invocation of pledge of shares.

🎯 SBI Life Insurance :
Carlyle plans to sell 3 % stake in SBI Life Insurance through block deals.

🎯 TCS :
Company launches Microsoft business unit To help accelerate business transformation. 

🎯 Ultratech Cement :
Company promoter group sold 1.27 lakh shares on Nov. 13.
Negative for the stock. 

🎯 Music Broadcast :
Company promoter Jagran Prakashan acquired 46,000 shares from Nov. 14-15.
Positive for the stock. 👍 
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Edited by Sharp. 

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