Monday, 25 November 2019

26th November, 2019 Morning Brief

Market will open on a positive note today after yesterday's smart rally.

Asian stocks gained Tuesday amid optimism over U.S.-China trade talks and a fresh wave of merger and acquisition activity. 

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite Indexes reached all-time highs after China said over the weekend that it will tighten intellectual property rules.

🎯 News & Impact 🎯 

CSB Bank IPO gets 4.35 times demand on the second day of sale; offer to close today.

Dish TV, NBCC, Tata Motors DVR and Castrol India to be excluded from F&O segment from January 2020.

🎯 Zee Entertainment Enterprises: Media baron Subhash Chandra stepped down as chairman of the company a week after debt-ridden promoters’ holding in the broadcaster fell to 5 % after selling additional stake.

🎯 Thomas Cook :
Company said that it has completed its corporate restructuring process, and demerged its human resources business in to Quess Corp. Each shareholder of Thomas Cook India will accordingly be issued 1,889 shares of Quess Corp of Rs 10 for every 10,000 fully paid up equity shares of Re 1 each. Record date set for the afore-mentioned scheme at Dec. 6. 

🎯 Goodyear :
Company said that it will close its manufacturing operations at Faridabad plant from Nov. 25-30 to align production with market demand.

🎯 InterGlobe Aviation 
India’s aviation regulator has directed the country’s largest airline to ground one Airbus A320neo plane with unmodified Pratt & Whitney engines for every new A320neo it inducts to its fleet, according to PTI report.

🎯 Aarti Industries
The company incorporated two wholly-owned subsidiaries namely Aarti Organics and Aarti Bharuch.

🎯 Ashok Leyland :
Company signed a memorandum of understanding with lClCl Bank to enter into strategic financing partnership for two years to offer customised financial solutions to customers across lndia with focus on semi-urban and rural geographies.

🎯 Ugro Capital :
Company has signed SME loan co-origination agreement with State Bank of India.

🎯 Bimetal Bearings
The company is to revoke non-working days at the powder plant at Sembium, Chennai for the rest of November. 

🎯 Nava Bharat Ventures :
Company promoter & director Ashwin Devineni acquired 78,000 shares from Nov. 19-20.

🎯 Filatex India :
Company promoter Azimuth Investments acquired 2 lakh shares from Nov. 20-22.

🎯 Ultratech Cement :
Company promoter IGL Holdings sold 5.82 lakh shares on Nov. 20.
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Edited by Sharp. 

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