16th December, 2019 Morning Brief

Market will open on a positive note in continuation with prevailing rally witnessed on Friday. 

Asian stocks started the week mixed after a partial U.S.-China trade deal yielded few details, leaving investors wondering where to from here.

U.S. stocks ended a tumultuous session higher on Friday with major benchmarks notching records as investors attempted to assess the contours of a partial deal reached between the U.S. and China.

• India to release wholesale price inflation data for November at noon. Estimate 0.82 percent.
• China’s industrial production and retail-sales data will be on focus Monday -- they are expected to accelerate on a year-on-year basis.
• November Trade Deficit at USD 12.12 billion versus USD 11.01 billion, MoM. 
  

🎯 News & Impact 🎯 

🎯 Sun Pharmaceutical Industries :

Company received eight Form 483 observations by the U.S. FDA for its Halol facility in Gujarat. The GMP inspection was conducted from Dec. 3-13.

Negative for the stock. 

🎯 AU Small Finance Bank :

Bank has completed Temasek’s investment in 4.8 % stake in the Bank.

🎯 Reliance Industries :

Company acquired 51.78 % stake in Asteria Aerospace for Rs 23.12 crore.

🎯 Ashiana Housing :

Company said that the company has booked 244 units in its Project in Jamshedpur.

🎯 Aster DM Healthcare :

Company plans to close the operations of its loss-making clinics in Philippines by Dec. 31.

🎯 Granules India :

Company has entered into an agreement to sell 3.3 crore equity shares in its China JV with Biocause Pharma for a consideration of RMB 109 million or Rs 110.56 crore.

🎯 SBI : 

CCI has approved acquisition of 9.99 % stake in SBI General Insurance by Warburg Pincus’ arm Honey Wheat.

🎯 Edelweiss Financial Services : 

CCI has approved Sanaka Growth’s investment in Edelweiss Securities up to $44 million.

🎯 Adani Transmission :

Company receives Letter of Intent (LoI) for transmission project in the state of Maharashtra. 

🎯 Future Supply Chain Solutions : 

The company has completed the sale of entire investment held in Vulcan.

🎯 REC : 

The company has transferred the entire shareholding of subsidiary REC Transmission Projects Company (RECTPCL) in Rampur Sambhal Transco Limited to Power Grid Corporation.

🎯 UPL :

Company gets green nod for Rs.353 crore pesticide unit expansion project in Gujarat. 

Positive for the stock. 👍 

🎯 Minda Industries :

Company has completed the acquisition of German based company- Delvis Gmbh.

🎯 Asian Oilfield Services :

Company receives Letter of Award (LoA) for acquisition of 20 and 30 seismic data of oil blocks located in Rajasthan and Gujarat state. 

🎯 United Breweries : 

CCI DG completes probe of company and others beer manufacturers. 

🎯 Vardhman Textiles : 

The company has withdrawn scheme to merge 4 arms with itself.

🎯 Apollo Hospitals : 

Birla MF acquired seven lakh shares or 0.5 % equity at Rs 1,352.16 each.

🎯 Alembic :

Company promoter Nirayu acquired 1.02 lakh shares on Dec. 11. 

🎯 S Chand and Company : 

The company's arm Vikas Publishing House has bagged Rs 6.4 crore contract from MP Bhoj Open University.

🎯 Nava Bharat Ventures :

Company promoter Ashwin Devineni acquired 1.4 lakh shares from Dec. 10-12.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.