23rd April, 2020 Morning Brief

Market will open on a positive note today continuing yesterday's rally on positive global cues.

Asian markets have opened with modest gains on Thursday, tracking a positive close on Wall Street amid signs that the Covid-19 outbreak is easing.

Markets in Japan, South Korea and Australia are trading with modest gains in early trade. 

Futures on the S&P 500 have dipped lower after the benchmark rebounded from its biggest one-day fall in three weeks. 

U.S. President Donald Trump ordered to destroy any Iranian gun boats that harass American ships at sea.

🎯 Vodafone Idea : 

Vodafone Group says that it has accelerated payment of $200 million to the company, providing liquidity to manage its operations.

Positive for the stock. 👍

🎯 Aurobindo Pharma :

Company gets US FDA nod for Pantoprazole Sodium Injectable (40 Mg). 

Positive for the stock. 👍 

🎯 KNR Constructions : 

SPVs have re-commenced the collection of user fee (toll) on all the NHAl projects. 

🎯 NBCC :

NCLAT has asked NBCC to implement its proposal to acquire debt ridden Jaypee Infratech and complete over 20,000 pending flats, but said the direction is subject to its final order.

🎯 Lupin : 

Solosec oral granules have received preferred coverage effective immediately on the Express Scripts National Preferred, Flex, and Basic commercial formularies. 

🎯 SpiceJet :

Two lessors to SpiceJet Ltd are in talks to terminate contracts and repossess planes via mutually agreed deals with the airline over missed payments.

🎯 Star Cement : 

Plant at Assam has partially become operational. 

🎯 Kirloskar Electric : 

Manufacturing unit at Hubli has resumed operations. 

🎯 Orient Paper and Industries : Production of tissue papers and chlorine is continuing.

🎯 Deepak Nitrite : 

Partially commenced operations at its Hyderabad plant. All manufacturing facilities have commenced operations now.

🎯 Sun Pharma : 

Promoters released pledge of 2.52 crore shares between April 20-21. 

Positive for the stock. 👍

🎯 Adani Ports & SEZ : 

Promoter SB Adani Family Trust revoked pledge of 37.5 lakh shares on April 21. 

Positive for the stock. 👍 

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Edited by Sharp.