Weekly Report on 30.10.2017

This week, the broader index surged to another life high on closing basis. The market at present is being driven by strong liquidity inflow & breadth is absolutely positive. The series of higher bottoms are visible on both weekly & daily timeframes &...

Morning Calls

Indian Railways opens door to private steel manufacturers. Indian Army to spend nearly Rs 40,000 cr to replace its ageing and obsolete weapons. #LT #BEL #BEML to be on focus. Alkem Laboratories: No form 483 issued USFDA conducted inspection at Company’s...

Morning Calls

Aurobindo Pharma: Gets USFDA Nod For Amiodarone Hydrochloride. Cipla’s US arm gets final US FDA nod for generic Renvela tablets. Majesco says U.S. arm of the company partnered with Social media marketing platform Denim. Government raises SAP for sugarcane by 10....

Morning Calls

BHEL bags India’s largest power contract worth Rs 20,400 crore from Telangana. Quess Corp to acquire 70 percent stake in Vedang Cellular Services for Rs 40 cr. Delta Corp signs pact to lease space for Casino at Marriott Hotel in Nepal. GVK Power confirmed it has...

Morning Calls

Cabinet approves Rs 2.11 lakh crore recapitalisation package for PSU banks. Very strong on #SBIN #PNB #ANDHRABANK #BANKBARODA #SYNDIBANK #ORIENTBANK Lupin: Receives U.S. FDA approval for generic Lodosyn tablets used for the treatment of Parkinson’s disease. SAIL...

Morning Calls

The Department of Telecom has cleared the merger of Sistema Shyam Teleservices Ltd. with Reliance Communications Ltd Cochin Shipyard forms joint venture with Hooghly Dock & Port Engineers. Indiabulls Housing Finance Q2FY18 YoY: Net Interest income up 27.1 % to Rs...