12th December, 2019 Morning Brief

Market will open on a positive note today.

Asian stocks were mixed Thursday after the Federal Reserve signaled U.S. interest rates will remain unchanged throughout 2020 amid a solid economy.

U.S. stocks halted a two-day slide as the central bank’s decision to keep rates unchanged fueled bets that the bar for an increase in rates remains high as economic growth is steady without stoking inflation. The 10-year Treasury yield fell below 1.8 %. Focus now turns to trade ahead of a Sunday deadline for the imposition of U.S. tariffs on Chinese good.

🎯 News & Impact 🎯 

New Listing Today :

Ujjivan Small Finance Bank

• 5:30pm: India Nov. Consumer Price Inflation y/y; est. 5.3 percent (prior 4.62 %)
• 5:30pm: India Oct. Industrial Production y/y; est. -5.0 percent (prior -4.3 %)
• Between 12 and 15 Dec.: India Nov. trade balance, est. -$12.3 billion, prior $11.0 billion deficit. 

🎯 Bharti Airtel :

Company said reports of merging DTH operations with Dish TV are speculative in nature.

🎯 Reliance Industries :

Company' arm RSBVL acquires 85% in NowFloats Technologies for Rs 141.63 crore. 

🎯 Prakash Industries :

Company declared successful bidder for Bhaskarpara Coal Mine. Sees coal availability substantially raising margins.

🎯 Cadila Healthcare :

Company launched oral anti-diabetic tablet Vinglyn.

🎯 ITC :

Diversified conglomerate ITC is looking to garner up to 20 percent of the Rs 7,400-crore frozen food market in India in the next three years. 

🎯 Vodafone Idea :

Company clarified on the news of the company selling some assets to Brookfield, Edelweiss. The company has denied such negotiations taking place between the aforementioned parties.

🎯 Cipla :

Company associate company Avenue Therapeutics announces submission of new drug application for IV Tramadol

KRBL launched new product "INDIA GATE IDLI RAVA”. 

🎯 Akash Infraprojects :

Company has received a work order worth Rs 12.57 crore from the Office of the Executive Engineer, National Highway Division, Ahmedabad.

🎯 Zydus Cadila :

Company launched affordable oral anti-diabetic tablet Vinglyn.

🎯 Maruti Suzuki :

Company tied up Federal Bank for dealer and retail car financing.

🎯 J Kumar Infraprojects :

Company promoter Kusum Gupta acquired 1 lakh shares between Dec. 9-11.

Positive for the stock. 👍 

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Edited by Sharp.