21st November, 2019 Morning Brief

Market will open on a flat note today after hitting a new high. 

American equity futures dipped and stocks in Asia opened with a cautious tone after support from the U.S. Congress for Hong Kong protesters set up the potential for further confrontation with China as investors await a trade deal.

The S&P 500 Index posted its biggest loss in a month after a report that Washington and Beijing are unlikely to reach a trade deal this year.

🎯 News & Impact 🎯

The Cabinet has approved strategic divestment in three listed state-run companies. It will divest:

🎯 Bharat Petroleum : 

53.29 % stake

🎯 Container Corporation of India : 

30.8 % stake, where it owns 54.8 % stake.

🎯 Shipping Corporation of India : 63.75 % stake.

🎯 NTPC Ltd. :

Company will buy the government’s stake in THDC India Ltd. and North Eastern Electric Power Corporation Ltd.

🎯 Zee Entertainment Enterprises  :

Essel Group is to sell a 16.5 percent stake in Zee to financial investors

🎯 DHFL : 

The Reserve Bank of India has superseded the board of DHFL. 

🎯 Oil India :

Company commenced seismic survey operation in its Rajasthan Block.

🎯 Aurobindo Pharma : 

U.S. Food and Drug Administration sent Form 483 observations to the company after conducting inspections last month. 

🎯 Dilip Buildcon :

Company has received provisional certificate of completion for HAM Project in Maharashtra. Scheduled completion date was May 28, 2020.

🎯 Great Eastern Shipping :

Company has contracted to sell its Crude Carrier Vessel, which will be delivered to new buyer in the third quarter of the current financial year.

🎯 MOFSL :

Limit for accepting PMS account raised to 50 lakhs from 25 lakhs. 

Negative for the stock. 

🎯 Jubilant Life Sciences :

Ministry of Commerce, republic of China has decided to terminate the 17.6% anti-dumping duty on imported pyridine originating in India

🎯 Thomas Cook :

Company's arm completed the acquisition of 51 percent stake in BDC Digiphoto Imaging Solutions.

🎯 Intellect Design : 

The company received an order from the Philippines Business Bank.

🎯 Aarti Industries :

Company promoters sold 1.25 lakh shares from Sept. 27-Nov. 19.

🎯 Filatex India :

Company promoter Azimuth Investments acquired 2 lakh shares on Nov. 18.

🎯 Shakti Pumps :

Company promoter Dinesh Patidar acquired 5,75,000 shares from Nov. 18-19.

🎯 J Kumar Infraprojects :

Company promoters acquired 3 lakh shares from Nov. 19-20.

🎯 Coffee Day Enterprises :

Lenders invoked a 4.20 percent pledged stake of the company on November 19.

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Edited by Sharp.