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Mumbai: Market related news stories are crucial for making smart, informed investment decisions. Trading advice and brokerages for key stocks also hold the key to preparing for the trading day.
Here are developments that may determine market behaviour and sentiment during the day’s trading.
*Asian markets witness a muted opening in trade.
*Record close for Dow. Dow crossed the 27,000 for the first time in history, ending over 200 points higher. S&P 500 posts record close, up 0.2%. Nasdaq slipped 0.1% in trade.
*European markets end lower in trade. The pan-European Stoxx 600 was in negative territory.
*IMF calls for ECB stimulus. Euro zone economy faces rising risks from trade tensions, Brexit and Italy.
*Crude rises in morning trade. Brent up 0.42% at $66.80/bbl, WTI up 0.45% at $60.47/bbl. Oil slips 0.4% on dim OPEC demand forecast in overnight trade
Stocks In News:
KPR Mill: KPR Mill withdrew share buyback proposal, cites budget proposal to hike tax on share buybacks.
DHFL: DHFL clarified report on auditors resignation as speculation.
United Breweries: United Breweries named Berend Odink as CFO wef August 15.
InterGlobe Aviation: According to sources, Sebi sought to find out if IndiGo misled investors, started probe and summoned IndiGo's company secretary. Sebi could also summon CEO Ronojoy Dutta.
Telecom Companies In Focus: Sources say, government examining feasibility of allowing operators an easier staggered payment for 5G spectrum auction. Telcos may get 16 years to pay for 5G spectrum.
Adani Ports: The company has approved issue of foreign currency bonds of up to $700 Mn.
Cox & Kings: Company has downgraded debt instruments worth Rs 4070 Cr to 'D' rating.
Gravita India: Gravita India has started commercial production of aluminium cast alloys from its Tanzania plant, the new plant has a capacity of nearly 6000 MTPA.
HFCL: HFCL has received a purchase order worth Rs 199 Cr from BEL for the supply of optical fibre cables. Delivery for the order is scheduled by July 2020.
Glenmark Pharma: Fitch affirmed Glenmark Pharmaceuticals at 'BB'; outlook stable. Fitch also affirmed the rating on the company’s $200 Mn senior unsecured notes at 'BB'.
Macquarie On GSPL: Initiate coverage on GSPL, Target Price at Rs 230 per share.
Nomura On Glenmark: Maintain Buy, Target Price at Rs 867 per share.
Goldman Sachs on Avenue: Maintain Buy rating on Avenue Supermart. Target Price at Rs 1740 per share.
Credit Suisse on M&M: Maintain Outperform, Target Price at Rs 850 per share.
CLSA on NTPC: Buy Target Price at Rs 157.
On HDFC: Buy stays Target Price at Rs 2730.
Kotak Instl Eq on ICICI Bank: Maintain Buy, Target Price raised to Rs 510 from Rs 460.