10th December, 2019 Morning Brief

Market will open on a positive note today.

Asian stocks saw muted trading Tuesday as investors turned cautious ahead of the week’s potential catalysts, from central bank meetings to a looming tariff deadline.

U.S. stocks fell in thin trading as investors turned cautious ahead of a week full of potential catalysts, from central bank meetings to a looming tariff deadline.

🎯 News & Impact 🎯

NSE launches interest rate options on 10-year government bonds. 

🎯 Hero MotoCorp :

Company will raise prices from Jan. 1. The price increase across two-wheelers range will be up to Rs 2000, across various models.

🎯 HDFC :

Company will acquire 1.15 crore shares or 9.12 percent equity of HDFC Credila Financial Services from its promoters Ajay Bohora and Anil Bohora for a total consideration up to Rs 395 crore.

🎯 Aster DM Healthcare :

Company’s arm has completed acquisition of 80 percent stake in Premium Healthcare for AED 8.69 million or Rs 16.8 crore.

🎯 Equitas Holding : 

SBI MF reduced stake from 3.69 % to 1.95 % in the company on Dec. 6.

🎯 Bank of Baroda : 

The bank said it will take part in the proposed IPO of UTI Asset Management Co Ltd by way of offer for sale of up to 1.04 crore shares.

🎯 Redington :

Company increased its stake in Rajprotim Supply Chain Solutions from 88 % to 100 % for Rs 11 crore.

🎯 Speciality Restaurants : 

Kotak Mahindra Investments reduced stake from 5.56 % to 0.02 % on Dec. 5.

🎯 Quess Corp : 

Board approved cancellation and reduction of 7.13 crore shares held by Thomas Cook.

🎯 Mastek : 

Steps are being initiated by company's USA step down subsidiaries to merge TAIS Tech LLC with Trans American Information Systems Inc to enable greater synergies between the two Companies. 

🎯 Dilip Buildcon :

Company emerges lowest bidder for project by Delhi Metro Rail Corporation. 

🎯 Dabur :

Company promoter Ratna Commercial acquired 60,000 shares on Dec. 4. 

🎯 KRBL :

Company promoters acquired 1.6 lakh shares from Dec. 5-6. 

🎯 SRF : 

SEBI exempted ABR Family Trust from complying with requirements with respect to proposed indirect acquisition of control in SRF.

🎯 Jindal Steel & Power : 

Promoter released pledge on 25 lakh shares (0.25 % equity) on December 3.

🎯 Star Cement :

Company promoter Sumangal Business sold 10 lakh shares on Dec. 6.

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Edited by Sharp.