Tuesday, 3 December 2019

4th December, 2019 Morning Brief

Market will open on a negative note today.

The risk-off tone that’s engulfed global markets built on Wednesday as stocks in Asia opened lower in the wake of heightened uncertainty over this month’s upcoming tariff deadline.

The S&P 500 Index fell for a third day, though it pared some of its losses in afternoon trading.

🎯 News & Impact 🎯

New Listing Today :

🎯 CSB Bank
Floor price was Rs.195. Oversubscribed 86.9 times. 

🎯 Ujjivan Small Finance Bank IPO, gets 486 percent demand on the second day of sale. The offer closes today.
 
🎯 Eris Lifesciences :
Company acquired trademark ‘Zomelis’ from Novartis for Indian pharma market for $13 million.

🎯 Piramal Group 
Piramal Pharma Solutions announced collaboration with BerGenBio on the development of FDA fast track designated Leukemia treatment, according to Bloomberg report.

🎯 Natco Pharma :
Company completed the acquisition 12.81 % stake in OMRV Hospital for Rs.5 crore.

🎯 Equitas Holdings 
Equitas Small Finance Bank hiked interest rate up to 8.25 % on fixed deposit with effect from Dec. 2.

🎯 HDFC AMC :
Company's promoter Standard Life Investments proposed to sell 47.5 lakh shares or 2.23 percent equity

🎯 Nestle
Board declared an interim dividend of Rs 55 per share. Record date set at Dec. 11.

🎯 Crompton Greaves Consumer Electricals
SBI Mutual Fund bought 30,096,000 shares of the company through a bulk deal on BSE.

🎯 Max India : 
IRDAI approves divestment of its 51% stake in Max Bupa Health Insurance Company to True North. 

🎯 Natco Pharma
The company had completed the investment of Rs.5 crore in OMRV Hospitals Private Limited.

🎯 Biocon Biologics :
Company takes forward its mission to unlock universal access to insulins globally. 

🎯 Wipro :
Company announces advanced cloud SOC service powered by Microsoft Azure Sentinel. 

🎯 Lakshmi Vilas Bank :
Capri Group buys into Lakshmi Vilas Bank. 

🎯 NITCO :
Company enters in to non-binding term sheet with Hines India Real Estate. 

🎯 Vakrangee :
to launch India's first rural focussed loyalty program for its customers. 

🎯 Eris Lifesciences :
Company acquired trademark ‘Zomelis' and its associated trademarks from Novartis AG. 

🎯 One Point One Solutions 
Yes Bank sold its entire stake of 13.77 lakh shares, equal to 5.49 %, in the company.

🎯 Nava Bharat Ventures :
Company promoter Ashwin Devineni acquired 7,76,000 shares from Nov. 28-29.

🎯 Filatex India :
Company promoter Nouvelle Securities acquired 1.27 lakh shares on Nov. 29.

🎯 Lincoln Pharma
The company is to consider & approve scheme of amalgamation with Lincoln Parenteral.

🎯 PSU Banks
Government said PSU banks disbursed Rs 2.39 lakh crore in November via outreach efforts.
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Edited by Sharp. 

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