Wednesday, 18 March 2020

19th March, 2020 Morning Brief

Market will open with another gap-down in continuation with yesterday's slide.

Stocks in Japan gained along with the Euro, while U.S. futures pared losses after the European Central Bank announced a temporary program of asset purchases worth €750 billion or $820 billion to fight the impact of the Coronavirus.

Stocks on Wall Street fell to their session lows after U.S. President Donald Trump offered few details on the specifics that the treasury secretary is discussing with the Congress.

 ðŸŽ¯ News & Impact 🎯 

Nifty 50: Yes Bank to be excluded, Shree Cement to be included.
Nifty Bank: Yes Bank to be excluded, Bandhan Bank to included.

 ðŸŽ¯ Yes Bank :
Promoter Madhu Kapur sold 2.48 crore shares at Rs 65.07 per share for Rs 161.4 crore. Her holding stake in the Bank has fallen from 17.28 crore shares to 14.8 crore. 

🎯 InterGlobe Aviation 
IndiGo, Vistara may ground jets as virus cases pick up in India.

🎯 Ashok Leyland 
Board approved a proposal to acquire up to an additional 19 percent stake in its NBFC-arm Hinduja Leyland Finance for Rs 1,200 crore.

🎯 Srikalahasthi Pipes 
The company has stated that commercial operation of the company’s second furnace to produce Ferro Silicon has started.

🎯 IFB Industries :
Company has commenced commercial production to manufacture split air-conditioners from its Goa plant with effect from March 17.

🎯 Alphageo :
Company received a contract worth Rs 76.67 crore for data services from Oil India.

🎯 Karur Vysya Bank :
Company has announced the launch of its precious metals business.

🎯 Wipro
Company launched Microsoft business unit for digital transformation solutions.

🎯 Vakrangee
RBI renews the authorization issued to Vakrangee for white label ATMs till March 31, 2021.

🎯 Dr Reddy's Lab :
Company gets USFDA nod for Naloxone Hydrochloride. 

🎯 Reliance Jio :
Company got NCLT’s approval to transfer some liabilities to Reliance Industries.

🎯 Tata Investment Corporation :
Company promoter N Chandrasekaran acquired 10,000 shares on March 16.

🎯 Tata Chemicals, Tata Communication : N Chandrasekaran acquired 1 lakh shares each on March 16.

🎯 Tata Power :
Company director N Chandrasekaran acquired 2 lakh shares on March 16.

🎯 Bajaj Finance :
Company promoter Jamnalal Sons acquired 54,700 shares on March 16.

🎯 Bajaj Finserv :
Company promoter Jamnalal Sons acquired 41,000 shares on March 16.

🎯 Godrej Industries :
Company promoter Anamudi Real Estates LLP acquired 1.8 lakh shares between March 16-17.

🎯 JSW Steel :
Company promoter JTPM Metal Traders acquired 19.4 lakh shares from March 13-17.

🎯 NCC :
Company promoters acquired 1.22 lakh shares between March 13-16.

🎯 Great Eastern Shipping :
Company promoter Ravi Seth acquired 2 lakh shares from March 16-17.

🎯 Indian Hotels :
Company promoter Tata Sons acquired 2 crore shares between March 12-13.

🎯 Alembic :
Company promoter Nirayu acquired 4.27 lakh shares between March 16-17.

🎯 Nava Bharat Ventures :
Company promoters acquired 1 lakh shares on March 16.

🎯 Jindal Steel & Power :
Company promoter OPJ Trading acquired 1.5 lakh shares on March 16.

🎯 Welspun Enterprises :
Company promoter Balkrishna Goenka acquired 4.05 lakh shares on March 13.

🎯 GMR Infra :
Company promoter GMR Enterprises acquired 4.2 lakh shares from March 13-16.

🎯 Ashoka Buildcon :
Company promoter Ashish Ashok Katariya HUF acquired 1.09 lakh shares on March 16.
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Edited by Sharp. 

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