NOb 17: Major Stocks/Sectors News in Focus:

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Moody upgrades India's rating after 14 yrs... Should be positive for market

Major Stocks/Sectors News in Focus:
# India Raised to Baa2 From Baa3 by Moody’s, Outlook to Stable
# India to form National Anti-Profiteering Authority under GST
# Ashok Leyland  Signs pact to buy 4.68% stake in Hinduja Leyland Finance from Everfin Holdings at 110 rupees apiece
# Bank of Baroda to consider raising up to Rs 6,000 crore through a QIP, Rights Issue on Nov. 21.
# Cox & Kings  Explores education tour unit IPO: Business Standard
# Edelweiss  RBI increases overseas investment limit in co.’s shares to 49% from 40%
# GTL Infrastructure : Aircel may make move to buy co.: Times of India
# HDFC Standard Life : Trading debut in Mumbai after selling shares at 290 rupees apiece in IPO
# ICICI Lombard : RBI raises overseas investment cap in co.’s shares to 49% from 24%
# JSW Energy to be out of F&O from February series.
# Jaiprakash Associates : Cashless exchange of bonds closed
# Mercator aims to begin oil production by H1 2018 at Cambay basin oil block.
# NTPC : India asks NTPC to mix crop stubble with coal for power plants
# Petronet LNG : RBI raises overseas investment limit in co.’s shares to 40% from 30%
# Prakash Industries : To consider issue of shares, convertible warrants
# PVR to acquire minority stake in U.S. based luxury restaurant-and-theater company iPic.
# Tata Motors : Jaguar tests driverless cars on U.K. streets: Telegraph
# Tata Power Plans to raise 15b rupees via debenture issue
# Tech Mahindra  Participates in a U.S. smart city energy initiative
# Vascon Engineers to sell Mumbai division of its subsidiary GMP Technical Solutions for Rs 18 crore in a slump sale.

💥 Highlights of Moody's India 🇮🇳 rating upgrade to Baa2 from Baa3

* Upgrades India's government bond rating to Baa2 from Baa3
* Changes India's rating outlook to stable from positive
* Ups India rating on view of steady progress in econ reforms
* India's econ, institutional reforms to up growth potential
* High debt burden remains constraint for India rtg profile
* GST to remove interstate trade hurdles, up productivity
* India is mid-way through economic, institutional reforms
* India reforms will foster sustainable growth
* See India FY18 real GDP growth to moderate to 6.7%
* See India FY19 real GDP growth rise to 7.5%
* See India's growth at robust levels FY20 onwards
* India's growth potential significantly higher than peers
* Expect India government debt level to remain stable
* Expect India debt-to-GDP ratio to rise by about 1% in FY18
* Reforms to strengthen India's institutional framework
* Govt support for PSU bks lowers India banking sector risk
* Govt support for PSU banks to support India's growth