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Wednesday, October 28, 2015

BUY NSEPUT BANKNIFTY

BUY NSEPUT BANKNIFTY OCT 17700 @ 102-107 SL 88.4 TRG 138

Financial Express

Financial Express
 
Financial Chronicle
Ø  SEBI in process of allowing foreign money into commodity markets

Ø  Sensex falls for second day, ends 108 points down

Ø  Vedanta Q2 consolidated net profit falls 41% yoy to Rs 974 cr

Ø  Tata Communications reports Rs 6.02 crore net profit in Q2

Ø  IRDAI issues guidlines on FDI in insurance firms

 
Ø  RBI may seek info from HK on BoB scam

Ø  CTT removal demand linked to STT: official

Ø  Nestle looks to resume Maggi production at all plants

Ø  Dividend from bank lifts HDFC Q2 net

Ø  Bharat Forge reorganises European operations

Business Line


Business Line
 
Ø  ‘India may attract $6 b from Canadian pension fund in 8 years’

Ø  Japan offers conditional support to yuan joining IMF currency basket 

Ø  Seed industry seeks policy support to boost exports 

Ø   Japan's Nippon agrees to buy NAB's life unit for $1.7 bln 

Ø   Tata Trusts, Harvard University announce collaboration 

Ø   Essar Ports fixes Rs. 93.66/share as delisting floor price

 
Ø  Trai’s call drop policy may increase tariffs: Telcos

Ø  Maruti Q2 profit surges 42.1% to Rs1,225 crore

Ø  Jaitley sure of meeting fiscal deficit target despite disinvestment hiccups

Ø  US plans to sell down strategic oil reserve to raise cash

Ø  Lupin’s Q2 results are a rude reality check

Ø  Crompton Greaves to divest its Canadian power systems business

Economic Times

Economic Times
 
Business Standard
Ø  Sebi looks to revise rules for credit rating agencies

Ø  Airtel sells 700 towers in Burkina Faso to Eaton

Ø  RasGas contract to cost Petronet LNG Rs 10,000 cr

Ø  India Inc's external borrowings down 32% at $2.6 bn

Ø  Easier trade can push global exports $1tn pa: WTO

Ø  'India overtakes China, now biggest gold consumer'

Ø  Maruti to pay royalty to Suzuki on new models in Re

Ø  Govt plans to lower its stake IDBI Bank: Sinha

 
Ø  India jumps 12 spots on World Bank's ease of doing biz list

Ø  Tatas, Birlas, Ambanis take discount e-tailers head on

Ø  Cairn-Vedanta merger deal not to be reworked

Ø  Govt sets up panel to simplify Income Tax laws

Ø  Railways receive Rs 2,000 cr assistance from LIC for projects

Ø  Fitch withdraws IDFC's rating, reaffirms 'good credit quality'

Ø  IndiGo IPO subscribed 86% on Day-1

Bank Nifty Levels

Bank Nifty Key Levels
Support 1 – 17565 Resistance 1 – 18040
Support 2 – 17430 Resistance 2 – 18220

Nifty Levels

Nifty Key Levels
Support 1 – 8200 Resistance 1 – 8270
Support 2 – 8170 Resistance 2 – 8300

Today's Key Result

Today's Key Result
28th Oct

Ambuja Cem( Cog Est Net 198cr -17% Yoy Time- After Mkts)
Aditya Birla Money,Amaraja Bat,Dabur,Elecon Eng,Emco,Exide Inds,Hikal,HT Media,Jet Airways,JK Tyre,Jsw Energy,Jubliant Inds,Just Dial,Kec Int,Lakshmi Elect,MCX,Nelco,
Onmobile,Pidilite,Raymond,Shanti Gears,Sun Tv,Syndicate Bank,Tata Elxsi,Thiru Chem,Torrent Power,TCI, Zee Learn

Market Update

Market Update:‎
Sgx Nifty -23 pts‎
Dow -41.62 pts ,Nsdq -4.56 pts , S&P‎ -5.29 pts ,Bovespa -166 pts , Ftse -51 pts , Dax -109 pts, Cac -50 pts, Nikkei  +64 pts, now, Crude @ $43.32 brl (+0.21), Brent @ $46.81 (-0.73) , Gold @ $1166.20 (+0.40), Silver @ $15.87 (+0.00), Euro @ $1.1032, JPY @ $120.5400, INR @ $64.9637

Tuesday, October 27, 2015

Financial Express

Financial Express

 

Financial Chronicle

Ø  Essar, Saipem win $1.6-billion Kuwait project

Ø  Sebi may intervene on upfront commission

Ø   Sensex ends 109 points down at 27,362 on profit-booking, Nifty settles at 8,260

Ø  No service tax on flat title transfers in Mumbai

Ø  HDFC Life IPO likely in mid-2016

 

Ø  HDFC Q2 net profit up 2% at Rs 2,106 cr

Ø  Investment via P-Notes rises to Rs 2.55L cr in Sept

Ø  Premji Invest buys minority stake in Hygienic Research
Sterlite Tech Q2 profit doubles to Rs 29 cr

Ø  Fusion Solar sets up 4 mw solar plant in Telangana

Ø  Government plans to hike sugar cess

Business Line

Business Line

 

Mint

Ø   `Centre to address regulatory, financial issues in infra sector’

Ø  SEBI open to make changes on exchange-traded funds norms: Sinha

Ø  SEBI’s networth norms may nudge farmers out of NCDEX 

Ø  Tyre makers staring at lower revenue as Chinese imports soar 

Ø  Elder Pharma to repay creditors by selling assets 

Ø   L&T starts two training institutes in Vadodara 

 

Ø  Bharti Airtel Q2 profit rises 10% to Rs1,523 crore

Ø  Madhya Pradesh declares drought in 35 districts, seeks Rs2,400 crore aid

Ø  Sudhir Valia to buy Jaypee wind power assets for Rs180 crore

Ø  Standard Chartered winding down equity derivatives business

Ø  Hindustan Media Ventures profit rises 43%

Economic Times

Economic Times

 

Business Standard

Ø  Sajjan Jindal plans JSW group ownership restructuring

Ø  DoD: Disinvestment target to be down to Rs 30k cr 

Ø  WTO sees up to $3.6 trillion boost to trade from deal to cut red tape

Ø  'Nestle to resume Maggi sales in India next month'

Ø  LIC and Indian Railways develop a bond worth Rs 2,000 cr

Ø  45% crop shortfall likely to keep dal prices high

 

Ø  IndiGo's anchor book mops up Rs 832 crore

Ø  India-Africa Forum Summit begins with an aim at stronger trade ties

Ø  Govt likely to launch 3 gold schemes on November 5

Ø  Nippon to acquire 23% stake in Reliance Life for Rs 2,500 cr

Ø  Essar Projects-Saipem JV awarded KNPC's $1.6 billion EPC contract

Ø  HFCL to start Chennai optical fibre plant from Nov 15

Bank Nifty Key Levels

Bank Nifty Key Levels
Support 1 – 17565 Resistance 1 – 18040
Support 2 – 17430 Resistance 2 – 18220

Nifty key levels

Nifty Key Levels
Support 1 – 8215 Resistance 1 – 8300
Support 2 – 8170 Resistance 2 – 8335

Today's Key Result

Today's Key Result
27th Oct

Axis Bank( Cog Est Net1879 Cr +17% Yoy Time- During mkt)
Lupin( Cog Cons Est Net Rs 707cr +12% Yoy Time- During Mkt)
Maruti(Cog Est Net 1228cr + 42% Yoy Time- During Mkt)‎
Vedanta ( Cog Cons Est Net 500cr -69% Time- During Mkt)
Alembic Pharma, Arshiya,Cat ltd,Dish Tv,Kpr Mill,Mahindra Holiday, Shasun Pharma,Stride Arcolab,Supreme Petro,Tata Comm,Thermax,Trident, Tvs Motor

Market Update

Market Update:
Sgx Nifty -2 pts‎
Dow -23.65 pts ,Nsdq +2.84 pts , S&P‎ -3.97 pts ,Bovespa -387 pts , Ftse -27 pts , Dax +6 pts, Cac -26 pts, Nikkei  -23 pts, now, Crude @ $43.87 brl (-0.11), Brent @ $47.54 (-0.45) , Gold @ $1164.60 (-1.60), Silver @ $15.87 (-0.03), Euro @ $1.1051, JPY @ $120.9200, INR @ $64.9650

26-Oct: Prov Cash, FIIs F&O

26-Oct: Prov Cash: Rs.crs:
FIIs: +724.51 (4111.58-3387.07)
DIIs: -530.78 (1115.08-1645.86)
Cash Vol: 16826 vs 18125, -7%
F&O Vol: 276436 vs 234027, +18%

26-Oct: FIIs F&O: Rs.crs:
# Net BUY +103
Indxfu +1332
Indxop -575
Stkfut -475
Stkopt -179

Monday, October 26, 2015

BUY GODREJCP

Cash Intraday: BUY GODREJCP @ 1285-1290 SL 1273 TRG 1328

Bank Nifty Levels

Bank Nifty Key Levels
Support 1 – 17850 Resistance 1 – 18175
Support 2 – 17720 Resistance 2 – 18300

Nifty Levels

Nifty Key Levels
Support 1 – 8280 Resistance 1 – 8360
Support 2 – 8215 Resistance 2 – 8400

Financial Express

Financial Express

Ø  Income Tax department to roll out 'pilot' project for scrutiny assessment

Ø  Risk-on carry trade back in global financial markets

Ø  US Fed will weigh up ECB's push as it sets rates message 

Ø  Air Costa in funding talks ahead of launch of pan-India operations

 

Ø  Gold-related schemes to be launched on the eve of Diwali: PM

Ø  FPIs net inflow tops Rs 19k cr in Oct, a 6-mth high

Ø  Sebi wants MFs to join e-commerce bandwagon

Ø  GE’s India unit to export med equipments to Africa, ASEAN

Business Line

Business Line

 

Mint

Ø  ‘The regulator has the right to tell us what to do’ 

Ø  ‘Sin tax’ for alcohol, tobacco industries in GST regime

Ø   MEP Infra targets highway projects, seeks private equity partnerships 

Ø  DLF plans to monetise some more housing projects thu PE 

Ø  Demand for wellness, preventive-care treatment rising across country

Ø  Sunteck Realty to invest Rs 1K cr to acquire distressed assets 

 

Ø  Lava to invest Rs500 crore to set up manufacturing plant in Andhra Pradesh

Ø  Competitor offers $1 rival to Turing Pharmaceuticals’ $750 pill

Ø  M&A deals worth $25 bn signed in January-September: Mergermarket

Ø  IIFL Holdings Q2 profit rises 28% to Rs140 crore

Ø  Bank unions call for nationwide strike on 2 December

Economic Times

Economic Times

 

Business Standard

Ø  IMF to include yuan in benchmark currency basket

Ø  China banks seek more capital as bad loans pile up

Ø   China growth rate may fall below 7%: Premier Li Keqiang 

Ø  Volkswagen may offer discounts to owners of cars with illicit software: Report

Ø  UK nuclear deterrent to cost 167 billion pounds

Ø  Sebi mulls mandatory 'Dividend Policy' for listed companies

Ø  Modi govt plans to reward made-in-India innovations

 

Ø  India's e-tail sees 3-fold growth in a year

Ø  Bankers expect special audit report on Amtek Auto by next week

Ø  Welspun Group eyes $5 bn revenue by 2020

Ø  New energy norms for urea plants may save Rs 800 cr in subsidy

Ø  Govt telcos in talks with pvt operators to share spectrum

Ø  Henkel has option to invest in Jyothy

Ø  Sept raises temperature of fuel sector

Indian Adr/Gdr

Indian Adr/Gdr

Infy:+2.53%,       Wit:+0.82%
Ttm:+2.06%,      Rdy:+1.81%
Hdb:+0.38%,       Ibn:+1.56% 
SBID:+1.81%,   RIGD:+0.65%

Market Update

Market Update:
Sgx Nifty +48 pts‎
Dow +157.54 pts ,Nsdq +111.81 pts , S&P‎ +22.64 pts ,Bovespa -175 pts , Ftse +67 pts , Dax +302 pts, Cac +121 pts, Nikkei  +184 pts, now, Crude @ $44.63 brl (+0.03), Brent @ $47.94 (+0.06) , Gold @ $1163.30 (+0.30), Silver @ $15.83 (+0.00), Euro @ $1.1029, JPY @ $121.1700, INR @ $64.8288

Today's Key Result

Today's Key Result
26th Oct

Bharti Airtel(Cog Cons Est Net 905cr -35% Yoy)
Hdfc( Cog Est Net 1462cr +8% Yoy)
Advanta,Aptech,Asian Granito,Blue Star,Emkay Global,Entertain Net,Hester Science,Hfcl,Hind Media,Hitachi Home,Inox, Moldtek,Peninsula,Rane Eng,Ster Tech,Super Sales,Upl,Vikas Global,Wonderla

Tuesday, October 20, 2015

SELL NSEFUT

SELL NSEFUT SKSMICRO OCT @ 458-461 SL 465 TRG 448

BUY TCS

BUY TCS @ 2490-2500 SL 2448 TGT 2600  |  5-10 Days

 In last five months, the prices have been trading in a range of `2450 to `2770 and prices are trading at the support end of the range post recent correction.

 Around the support zone, the stock has formed a ‘Gravestone Doji’ candlestick pattern in yesterday’s trading session, which can be a trigger for the short term up move in the counter.

 The ‘Stochastic’ indicator is giving positive crossover with its average from the oversold territory in the daily chart, indicating a bounce on cards.

 Looking at the above technical evidences, we are expecting a pullback move in the stock. Thus, we advise traders to buy this stock from current level and on a correction up to ` 2490 for a target of ` 2600 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be kept at ` 2448.

Bank Nifty Levels


Bank Nifty Levels
Support 1 – 17730 Resistance 1 – 17960
Support 2 – 17580 Resistance 2 – 18175

Nifty Levels

Nifty Levels
Support 1 – 8230 Resistance 1 – 8320
Support 2 – 8190 Resistance 2 – 8350

Indian Adr/Gdr

Indian Adr/Gdr

Infy: -0.67%,       Wit: -0.24%
Ttm: -0.21%,      Rdy:+3.58%
Hdb: -0.06%,       Ibn: -1.74% 
SBID:+0.03%,  RIGD:+3.47%

Today's Key Result


Today's Key Result
20th Oct

ACC ( Cog Cons Est Net 153Cr -20%Yoy Time-After mkt)
Hero Motoco( Cog Est Net 729cr -4% Yoy Time-After mkt)
Adani Trans,Aro Granite,Bajaj Finance,Bajaj Finserv,Basf,Bayer Crop,Biocon,Canfin Home,Cont Corp,Dewan Hous,Federal Bank, Foseco,Hatsun Agro,Inter Paper Appm,Jyothi Lab,Kajaria Cer, Mphasis,Rane Madras,Sanofi, Syngene,Welspun,Zee Media,Zensar

Market Update

Market Update:
Sgx Nifty +2 pts‎
Dow +14.57 pts ,Nsdq +18.79 pts , S&P‎ +0.55 pts ,Bovespa +211 pts , Ftse -25 pts , Dax +59 pts, Cac +1 pts, Nikkei  +115 pts, now, Crude @ $46.15 brl (+0.26), Brent @ $48.61 (-1.85) , Gold @ $1169.00 (-4.00), Silver @ $15.80 (-0.03), Euro @ $1.1327, JPY @ $119.4800, INR @ $64.8050
 

Monday, October 19, 2015

Today Result

Today's Key Result
19th Oct

HCL Tech( Cog Cons Est Net 1779cr - 5% Yoy)
Ultratech Cem( Cog Cons Est Net 457cr +10% Yoy)
Blue Star Info,Gati ltd,Gruh Fin,Heritage Food,Hind Zinc,Kesoram,Kitex Garment,Mah Scooter,Mang Chem,Motilal Oswal,Petronet Lng,Rane Brake,Sks Micro,Tinplate

Market Update

Market Update:
Sgx Nifty -18 pts‎
Dow +74.22 pts ,Nsdq +16.59 pts , S&P‎ +9.25 pts ,Bovespa +74 pts , Ftse +39 pts , Dax +39 pts, Cac +27 pts, Nikkei  -31 pts, now, Crude @ $47.30 brl (+0.04), Brent @ $50.50 (+0.04) , Gold @ $1177.40 (-5.70), Silver @ $16.02 (-0.09), Euro @ $1.1369, JPY @ $119.2800, INR @ $64.8150

Friday, October 16, 2015

Result Review

Result Review

LIC HOUSING FINANCE (CMP: `490 / TP: `570 /Upside: 16.3%)

LIC Housing Finance reported 2Q FY2016 results, which were above consensus estimates, with PAT at INR 411.7 cr reflecting a growth of 21% yoy. NII grew substantially at 34% yoy, aided by healthy loan book growth of 17% yoy and higher margins, leading to 31% yoy growth in operating income at INR 780.3 cr. Provisioning expenses for the quarter came in at INR 30.1cr as compared to INR 44.3cr in 1QFY2016 and a writeback of INR 19.03 cr in 2QFY2015. We await clarity from the management regarding the asset quality performance during the quarter. The stock currently trades at 2.4x FY2017E ABV. We recommend BUY rating on the stock.

Nifty Levels

Nifty Levels
Support 1 – 8130 Resistance 1 – 8225
Support 2 – 8090 Resistance 2 – 8250

Bank Nifty Levels
Support 1 – 17434 Resistance 1 – 17842
Support 2 – 17350 Resistance 2 – 17910

Today's Key Result

Today's Key Result
16th Oct

Reliance( Cog Est Net 6012cr +5% Yoy)
Agro tech Food,Chowgule Steam,Edelweiss,International Comb,Niit Tech,Swaraj Eng,Tata Metals,Tata Sponge

Indian Adr/Gdr

Indian Adr/Gdr

Infy:+1.19%,      Wit:+1.30%
Ttm:+7.53%,     Rdy: -0.26%
Hdb:+1.68%,      Ibn:+2.49% 
SBID:+2.16%,  RIGD:+0.50%‎

Market Update

Market Update:
Sgx Nifty +33 pts‎
Dow +217.00 pts ,Nsdq -87.25 pts , S&P‎ +29.62 pts ,Bovespa +450 pts , Ftse +69 pts , Dax +148 pts, Cac +66 pts, Nikkei  +143 pts, now, Crude @ $46.89 brl (+0.46), Brent @ $48.71 (-0.44) , Gold @ $1181.60 (-5.90), Silver @ $16.09 (-0.07), Euro @ $1.1366, JPY @ $119.0900, INR @ $64.8250
 

Wednesday, October 14, 2015

WPI Inflation

September WPI Inflation at -4.54% vs expected -4.42%.

Today's Key Result 14th Oct

Today's Key Result
14th Oct

Hind Unilever( Cog Est Net 1034cr +5 % Yoy Time -During Mkt)
Zee Enter( Cog Est Net 238cr +5% Yoy Time -During Mkt)
Dic Ind,Goa Carb,Hinduja Vent,Network 18,Rasoi, Ttk Prestige,Tv18

Indian Adr/Gdr

Indian Adr/Gdr

Infy: -1.96%,      Wit: -0.80%
Ttm: -0.15%,     Rdy: -1.01%
Hdb: -3.12%,      Ibn: -1.99% 
SBID:-0.53%,  RIGD: -0.33%

Market Update‎

Market Update:‎
Sgx Nifty -11 pts‎
Dow -49.97 pts ,Nsdq -42.03 pts , S&P‎ -13.77 pts ,Bovespa -1980 pts , Ftse -28 pts , Dax -87 pts, Cac -45 pts, Nikkei  -157 pts, now, Crude @ $46.67 brl (+0.01), Brent @ $49.24 (-0.62) , Gold @ $1167.70 (+2.30), Silver @ $15.89 (-0.01), Euro @ $1.1392, JPY @ $119.6700, INR @ $65.1850

Wednesday, October 7, 2015

FII Activity Yesterday

FII Activity Yesterday :

Yesterday, FIIs were net buyers in both cash market segment and in Index Futures. They bought equities to the tune of Rs. 480 crores and Index Futures of Rs. 251 crores with rise in OI, suggesting good amount of fresh long formation in last trading session.

In Index Options front, FIIs bought of Rs. 468 crores with rise in OI. In call options, 8400-8500 strikes added decent build-up; we believe it’s more of writing. While in put options, huge OI addition was seen in 8000-8200 and 7700 strikes. Maximum OI is seen in 8300 call and 7800 put options. 8150-8200 is a major resistance for market; we suggest waiting and watching these levels before forming any fresh position in Nifty.

News

News

Ø  IMF: India to grow faster than China at 7.5%;

Ø  Open to different options on Land Bill issue: Govt

Ø  Rel Jio may push Airtel to buy Aircel's 4G spectrum

Ø  FM Jaitley promises rational personal taxes

Ø  Adani Enterprises buys out Glencore's stake in JV

Ø  IMF warns slow China, urges Beijing to float yuan

Ø  Government begins roadshows for NTPC, BEL disinvestment

Ø  Govt drops Greenpeace India from its list of environmental NGOs

Ø  Govt hopes to roll out GST next year: Modi

Ø  ONGC-RIL row: Technical consultant report set to be delayed

Ø  Mah clears two Mumbai metro routes worth Rs 12,618 cr

Ø  10-year bond yield may touch 7.40% by end Dec: BS Poll

Ø  Defence companies in India to form industry alliance

Ø  European crisis will bend but not break Tata Steel

Ø  IL&FS, GIFT sign MoU with Siemens to develop smart mobility solutions

Ø  Govt panel recommends parity in taxation of various CSR activities

Ø  Sterling Generators plans Hosur facility to cut logistics cost

Ø  Suzlon bags repeat order from Orange for 100.8 MW

Ø  Arvind to double revenues from Tresca brand in 3 years

Ø  Cafe Coffee Day parent to launch IPO on 14 October

Ø  Aditya Birla Nuvo to sell 49% in renewables unit to Abraaj

Ø  Edelweiss setting up $1 bn real estate fund

Ø  Adani faces further delays over Australian coal mine permit

Ø  Parag Milk Foods files for IPO to raise Rs325 crore

Ø  India takes 17% more Iran oil in September than in August

Ø  Sensex rises for 5th consecutive session, Nifty settles above 8,150

Ø  Anil Ambani's Reliance MediaWorks sells 9.75% in Prime Focus for Rs 155 cr

Ø  Credit Suisse upgrades Coal India, NTPC to 'outperform' from 'neutral'

Ø  Terrorism has long-lasting impact on Indian economy: Moody's

Ø  Profit of Sensex firms likely to fall 3.7% in Q2: BofA-ML

Ø  Rational personal taxes, flat 25% corporate tax in 4 yrs: FM

Ø  Infibeam's Rs 450-cr IPO gets Sebi nod

Ø  Steel sector set to miss 300 mt output goal by 2025

Ø  Over Rs 77,000 cr fly out of mutual funds in Sept

Ø  ndiaFirst receives Rs 150 cr capital from promoters

Indian Adr/Gdr

Indian Adr/Gdr

Infy: -2.26%,      Wit: -0.16%
Ttm:+2.43%,     Rdy: -1.80%
Hdb: -0.50%,      Ibn: -2.85% 
SBID:+0.64%,  RIGD:+1.99%

Market Update

Market Update:                                                                       Sgx Nifty -10 pts‎
Dow +13.76 pts ,Nsdq -32.91 pts , S&P‎ -7.13 pts ,Bovespa +137 pts, Ftse +27 pts , Dax +88 pts, Cat +43 pts, Nikkei  -33 pts , now, Crude @ $48.72 brl (+0.09), Brent @ $51.92 (+2.67) , Gold @ $1146.90 (+0.50), Silver @ $15.92 (-0.06), Euro @ $1.1273, JPY @ $120.2600, INR @ $65.4125
 

Tuesday, October 6, 2015

Economic Times

Economic Times

 

Business Standard

Ø  Coal digger: India aims to start Asia's biggest coal mine in 5 yrs 

Ø  BoB investigating Rs 350-crore bill discounting fraud

Ø  Ageing Chinese dragon makes way for India in top spot among EMs

Ø  'Private equity activity may hit record high in 2015'

Ø  India, Lithuania agree to collaborate in agriculture sector

Ø  Govt to spend Rs 70k crore on 12 major ports: Gadkari

Ø  Government to soon decide Monetary Policy Committee structure: Shaktikanta Das

 

Ø  Tax collections to fall 5-7% short of target

Ø  Sebi probes JPMorgan's risk assessment system

Ø  Indian GDP predicted at 7.5% in 2015-16: World Bank

Ø  Germany offers 2 bn euros for clean energy corridor, solar projects

Ø  RBI initiates corrective action on Indian Overseas Bank

Ø  US scraps discriminatory outsourcing fee on Indian firms

Ø  Educomp sells entire stake in Wiz Learn Technology

Ø  NMDC cuts iron ore price by 12% for October

Business Line

 

Mint

Ø  ‘No dumping levy’ between provisional, final orders 

Ø  Cabinet monitoring has fast-tracked projects worth $112 b, says Minister 

Ø  Crisil downgrades debt worth Rs 2.4 lakh cr in H1 FY16

Ø  Gas price cut will hit investments in new reserves: Moody’s

Ø  ‘India’s poverty rate lowest among nations with poor population’ 

 

Ø  HDFC home loans get cheaper as lender cuts benchmark rate

Ø  OECD reveals plan for tax clampdown on multinationals

Ø  Method of computing GDP deflator misleading: RBI

Ø  Sun Pharma settles US patent litigation with Actavis over skin care drug

Ø  September quarter corporate earnings may disappoint

Financial Express

 

Financial Chronicle

Ø  Sensex ends 565 points up at 26,785, Nifty settles at 8,119;

Ø  Govt raises import duty on ghee, butter to 40%

Ø  Black money disclosure: Govt revises amount higher at Rs 4147 cr

Ø  'Motherson Sumi expects revenue growth at CAGR of 24-25% in next 5 years'

Ø  Alstom bags Lucknow Metro contract worth Rs 1,100 crore

 

Indian Adr/Gdr

Indian Adr/Gdr

Infy:+2.91%,      Wit:+1.72%
Ttm:+5.57%,     Rdy:+2.03%
Hdb:+2.97%,      Ibn:+3.64% 
SBID:+2.83%,  RIGD:+2.57%

Market Update

Market Update:
Sgx Nifty +76 pts‎
Dow +304.06 pts ,Nsdq +73.49 pts , S&P‎ +35.69 pts ,Bovespa +564 pts, Ftse +168 pts , Dax +261 pts, Cac +158 pts, Nikkei  +340 , now, Crude @ $46.34 brl (+0.08), Brent @ $49.33 (+0.08) , Gold @ $1135.30 (-2.30), Silver @ $15.62 (-0.09), Euro @ $1.1188, JPY @ $120.4600, INR @ $65.3000
 ‎

Thursday, October 1, 2015

Business Line

Ø  Govt infuses Rs 13,955 cr capital into 8 PSU banks

Ø  Foreign owned assets in India rise to $891.5 bn

Ø  Dabhol power project to be split to revive plant

Ø  Investors pull $40 bn from emerging market assets in Q3: IIF

Ø  NBFC-MFIs chargeable interest rate fixed at 9.82% for December quarter

Ø  Government should allow FDI in e-commerce retail trading: Report

Ø  April-Aug fiscal deficit at 66.5% of Budget estimate

Ø  India gets 14% lower rainfall in June-Sept monsoon season

Ø  RCom to offer 4G with Jio partnership

Ø  GSK Pharma completes acquisition of Novartis vaccines business

Ø  Govt expects call drop issue to be resolved by Oct-end

Ø  Maharashtra raises VAT on cigarettes, liquor, petrol, diesel, gold

Ø   Infrastructure sector growth slows down to 2.6% in August

Ø  Foreign firms to breathe easy as Govt stands by MAT promise

Ø  S&P cuts Tata Motors rating on China jitters

Ø  Govt to join Cairn tax arbitration; to appoint arbitrator soon

Ø  Natural gas price slashed by 16% to $4.24/unit

Ø  Steel dumping: safeguard duty is no solution, says CII chief 

Ø  Softness in global economy to extend into 2016, says IMF chief

Ø  India jumps 16 places in WEF competitiveness ranking

Ø  Jaiprakash Associates to sell wind power plants in Maharashtra, Gujarat

Ø  HCL Tech revenue warning should curb irrational expectations

Ø  Ratnagiri Gas to split LNG, Power businesses for restart

Ø  State lenders Axis Bank, PNB, BoB, OBC cut base rate by up to 0.40%

Ø  Toyota Motor clocks 11 pct growth in Jan-Sept 2015

Ø  Fitch lowers GDP forecast to 7.5 pct for 2015-16

Ø  Godrej Properties sells Mumbai office space to Abbott for Rs 1,480 cr

Ø  Sensex closes 376 points up on upbeat global cues, Nifty at 7,949

Ø  Gas price cut to $3.82; will dent govt revenues by Rs 800 cr

Ø  Govt accounts show Rs 15,808 cr surplus

Ø  Nippon Life to hike stake in life insurance, MF biz: Ambani

Ø  Tax-free bonds witness price spike on bourses

Ø  Rajan says not running for IMF chief's job: Report

Ø  Pharma, tech funds top equity fund mart in Sept

Indian Adr/Gdr

Indian Adr/Gdr
Infy:+5.76%,      Wit:+2.33%
Ttm:+3.16%,     Rdy:+3.73%
Hdb:+1.61%,      Ibn:+0.96%
SBID: -0.19%,  RIGD:+1.43%

Market update

‎Sgx Nifty +29 pts
Dow +235.57 pts ,Nsdq +102.84 pts , S&P‎ +35.94 pts ,Bovespa +925 pts, Ftse +152 pts , Dax +210 pts, Cac +111 pts, Nikkei  +85 , now, Crude @ $45.31 brl (+0.22), Brent @ $48.37 (+0.08) , Gold @ $1114.60 (-0.70), Silver @ $14.50(-0.01), Euro @ $1.1172, JPY @ $119.8100, INR @ $65.5900