Sunday, 1 December 2019

2nd Dec. 2019 Morning Brief

Market will open with a gap up on a surprise note after Friday's fall on lower GDP rate.

Stocks in Asia rose along with U.S. equity futures as investors weighed data on China’s economy that showed a bright spot for manufacturing and the latest news on the trade front.

U.S. stocks dropped from record highs on Friday in the wake of lower European and Asian equities, rounding out a lackluster finale to the third straight month of gains for global benchmarks.

S&P 500 futures edged up and shares opened higher in Sydney, Seoul and Tokyo.

Markit India manufacturing PMI for November will be released at 10:30 a.m. India GDP growth falls to 4.5% in July-September quarter. India’s fiscal deficit in October at 102.4% of 2019-20 target. India’s core industries contract the most in fourteen years in September.

🎯 News & Impact 🎯 

🎯 Bharti Airtel, Reliance Industries, Vodafone Idea: India’s three largest telecom firms on Sunday announced new and costlier prepaid plans, signalling an easing of a price war

🎯 Infosys :
Company gets deal for digital solutions from Services Australia. 

🎯 NCC 
Reliance Nippon Life Asset Management reduced stake to 4.87 % from 5.58 % in the company.

🎯 Shoppers Stop :
Company has opened a new store in Kolkata. Company now has 86 stores under its operations.

🎯 5paisa Capital :
Company’s arm received certificate of registration to act as a non-banking financial company for P2P business from the RBI with effect from Nov. 29.

🎯 Compucom Software :
Company receives software work order worth Rs 6.18 crore

🎯 Sun Pharma :
Company must face antitrust suit over Nexium, Diavan Generics, reports Bloomberg. 

🎯 L&T Technology Services :
Company wins Avionics contract from Airbus

🎯 Cochin Shipyard :
Company signed agreement with Andaman & Nicobar administration for operation and management of the marine dockyard in Port Blair and for development of ship repair ecosystem for the islands.

🎯 Dilip Buildcon :
Company wins Rs.1,250 crore road project in Uttar Pradesh.

🎯 Godrej Properties :
Company acquires 20% of paid-up equity share capital of Yujya Developers. 

🎯 Adani Ports :
New World Fund offloads 0.5% stake in Adani Ports. 

🎯 Reliance Power
Axis Bank sells shares of Reliance Power

🎯 SAIL :
Company likely to start manufacturing of speciality rails in 2. 

🎯 MMTC :
Company signs 2nd onion import order, to buy 11,000tn from Turkey. 

🎯 November Auto Sales :
Maruti Suzuki 
Total Sales down 2 % to 1,50,630 units. Tata Motors 
Total sales down 25 % to 41,124 units. M&M :
Auto sales down 9 % to 41,235 units. Mahindra Tractor Sales Down 19 % to 21,032 units. 
Eicher Motors total VECV sales down 23.9% at 3,594 units versus 4,720 units, YoY. 

🎯 Great Eastern Shipping :
Company promoter group Laadki Trading & Investments acquired 6 lakh shares from Nov. 26-29. 

🎯 Star Cement :
Company promoter Sumangal International sold 10.64 lakh shares on Nov. 28.
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Edited by Sharp 

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