ANGEL STOCK MARKET

Liquid funds are open end schemes that invest in securities with maturities of upto 91 days; this could include treasury bills, money market instruments and very short term corporate paper. *They allow investors to park their funds for a few days or months, avail of anytime liquidity, and earn returns for the holding period.* Because they earn returns from market instruments, liquid fund returns can rise or fall depending on market rates. For very short debt, market interest rates depend on the liquidity situation.

*Liquid funds offer superior liquidity compared to bank FDs. Bank FDs would penalize you for pre-mature withdrawal.*

*Liquid fund returns in the last three years have been quite impressive with the category averaging 8.9 per cent on an annualized basis. But going forward market liquidity could decide rates.*

*After recent dividend distribution tax changes, it makes sense to go in for the growth option in liquid funds if you are in the 10 and 20 per cent tax slabs. Go for Daily Dividend Reinvest option if you fall in 30% tax slab.*

Friday, November 13, 2015

Sell Nifty

INTRADAY

SELL NIFTY NOV 7900 CE @ 46-50 SL 60 TGT 31

Today Result

Today's Key Result
13th Nov

‎
Coal India( Cog Cons Est Net 2789 Cr +27 % Yoy)
Abc Ind,Bgr Energy,Datamatics,Eid Parry,Eveready Ind,Gmr Infra,Ivrcl,J&K Bank,Jindal Saw,Kaveri Seed,Mcnally Bharat,Natco Pharma,Prestige Est,Sci,Tv Today,Tyche Inds,Wockhard,Zandu Realty

Indian Adr/Gdr

Infy: -0.63%, Wit: -0.09%
Ttm: -2.32%, Rdy: -0.60%
Hdb: -2.07%, Ibn: -1.62%
SBID: -0.27%, RIGD: -0.00%

Market Update

Market Update:
Sgx Nifty -71 pts(7754) Nifty Fut(7825)
Dow -254.15 pts ,Nsdq -61.94 pts , S&P‎ -29.03 pts ,Bovespa -181 pts , Ftse -118 pts , Dax -125 pts, Cac -95 pts, Nikkei -201 pts , now, Crude @ $41.63 brl (-0.12), Brent @ $44.06 (-1.75) , Gold @ $1083.20 (+2.20), Silver @ $14.28 (+0.05), Euro @ $1.0807, JPY @ $122.5600, INR @ $66.3138

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Wednesday, September 30, 2015

Market Update

Market Update:
Sgx Nifty +36 pts
Dow +47.24 pts ,Nsdq -26.65 pts , S&P‎ +2.32 pts ,Bovespa +175 pts, Ftse -49 pts , Dax -33 pts, Cac -13 pts, Nikkei +334 , now, Crude @ $44.89 brl (-0.34), Brent @ $48.23 (+0.89) , Gold @ $1125.40 (-1.40), Silver @ $14.57(+0.00), Euro @ $1.1257, JPY @ $119.8800, INR @ $65.9550

Monday, September 28, 2015

Markets Today

The trend deciding level for the day is 7,856 levels.

If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,907 – 7,946 levels.

However, if NIFTY trades below 7,856 levels for the first half-an-hour of trade then it may correct towards 7,817 – 7,765 levels.

FII Activity

 FIIs were net sellers in both cash market segment and in Index Futures. They sold equities to the tune of Rs. 115 crores and Index Futures of Rs. 632 with significant fall in OI due to expiry.

 In Index Options, they bought in a big way of Rs. 3643 crores with fall OI. Being start of new series build-up is quite scattered. In call OI addition was seen in the range of 7800-8300 strikes and in put options was seen between 7400-7900 strikes. Maximum OI is seen in 8300 call and 7800 put options.

 Rollover in Nifty is on the lower side at 61.22% and of BankNifty is one the higher side at 67.37%. We believe it is more of short that got rolled in October series. BankNifty has strong resistance at 17200- 17300 while 8150-8200 is a major resistance for Nifty. We don’t expect major upside in this market

News today

News

Ø Foreign investors get relief from controversial MAT

Ø Marriage of Regulators: FMC to merge with Sebi

Ø Mobiles to fall under separate category in revised IIP

Ø Lenders approve higher cost in 4 Lanco projects

Ø Russian traders want JV with Indian tea cos

Ø Maruti's agitating workers chalk out future strategy

Ø NALCO to invest over Rs 65K cr for new projects

Ø FIPB to take up 31 FDI proposals on Tuesday

Ø India will be $20-trillion economy: PM at Facebook event

Ø Rajeev Agarwal to oversee commodities at Sebi

Ø FPIs in selling mode, take out Rs 6,000 cr in Sept

Ø Top six cos take Rs 53,886 cr hit in market valuation

Ø MMTC to produce, market sovereign gold coins

Ø ICICI makes aggressive push in unsecured loans

Ø JPMorgan schemes to hive off Amtek holdings

Ø Liberty to raise stake in joint venture with Videocon to 49%

Ø SEBI steps up measures against SMS, social media scams

Ø India will play big part in driving technology forward: Pichai

Ø Lenders want Amtek promoters to inject some equity first

Ø Four SME IPOs to hit capital markets this week

Ø BSE gets shareholders’ nod to list its shares

Ø Moser Baer to focus on LED products, targets ₹500-cr market size in 3 years

Ø Govt to complete spectrum harmonisation by December end

Ø Xi Jinping pledges $2 billion for South-South cooperation

Ø Laid-off Ssangyong workers in Mumbai seeking reinstatement: Mahindra

Ø German transport authority asks Volkswagen to present car clean-up plan

Ø Narendra Modi shows keen interest in Tesla technology

Ø Modi invites Apple CEO Tim Cook to set up manufacturing base

Ø SAIL invests Rs 2,600 cr in Rourkela plant for hot rolled coils

Ø Qualcomm announces to invest $150 mn for Indian start-ups

Ø ITC aims Rs 18K cr revenue from agriculture business by ‘21

Ø US FDA revokes approval for Sun Pharma's seizure drug over compliance issues

Ø MFs go slow on debt investments in Sept

Ø Stamp duty may be scrapped on property transfers to Reits

Ø Farmers may get right to sell crop at benchmark

Ø Agri-commodities expect upside in medium term

Market Update

Market Update:
Sgx Nifty -18 pts (7877) Nifty Fut(7895)
Dow +113.35 pts ,Nsdq -47.98 pts , S&P‎ -0.90 pts ,Bovespa -460 pts, Ftse +147 pts , Dax +260 pts, Cac +133 pts, Nikkei -222 , now, Crude @ $45.41 brl (-0.29), Brent @ $48.39 (-0.26) , Gold @ $1146.10 (+0.50), Silver @ $15.11 (0.00), Euro @ $1.1209, JPY @ $120.2900,

Thursday, September 24, 2015

FII Activity

 FIIs continue selling in cash market segment; they sold to the tune of Rs. 1330 crores. In Index Futures they bought of Rs. 173 crores with rise in OI, suggesting fresh long formation in last trading session.

 In Index Options front, they bought of Rs. 1463 crores with some rise in OI. In call options, we hardly saw meaningful OI addition, good amount of unwinding was seen in 7800 call option. On the other hand in put options, huge build-up was seen in the range of 7600-7750 put options, followed by significant unwinding in the money put strikes 7800-8200 put options. Maximum OI is seen in 8000 call and 7600 put options.

 FII’s has been adding meaningful shorts in Index Futures in past few days and we believe they are forming these shorts in October series which suggests continuation of pain in market. We would stick to our view, that it’s a sell on rise market. Avoid forming fresh longs in Index.

 Roll-over in Nifty and BankNifty is 49.87% & 49.17% respectively.

Markets Today

The trend deciding level for the day is 7,817 levels.

If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,911 – 7977 levels.

However, if NIFTY trades below 7,817 levels for the first half-an-hour of trade then it may correct towards 7,752 – 7,658 levels.

NIFTY Levels

Pivot - 7,658
Support - 7,752 7,817
Resistance - 7,911 7,977

Market Outlook

Indian markets are expected to open flat tracking the SGX Nifty and Asian cues.

The US markets closed flat showing a lack of direction reflecting continued uncertainty about the outlook for U.S. monetary policy following last week's Federal Reserve decision.

European markets ended in the green led by bargain hunting at lower levels and improvement in market sentiment on account of rebound in shares of Volkswagen after 2 days of sharp declines.

Indian equities opened lower but recovered during the day on account of positive cues from Europe and comments from Chinese President Xi Jinping that a cheaper currency would not be used to boost exports.

News & Result Analysis

 RBI eases overseas borrowing rules for domestic companies

 Bajaj Auto quadricycle (RE60) receives certification under European WVTA regulations; can commence exports Refer detailed news analysis on the following page

SELL Nifty oct

SELL NIFTY OCT 8100CE AND NIFTY 7500PE @ 148-149 SL 157 TGT 132

Market Update

Sgx Nifty -27 pts

Dow -50.58 pts ,Nsdq -3.98 pts , S&P‎ -3.98 pts ,Bovespa -924 pts, Ftse +96pts , Dax +41 pts, Cac +4 pts, Nikkei -295 , now, Crude @ $44.77 brl (+0.29), Brent @ $47.95 (+0.20) , Gold @ $1130.90 (-1.10), Silver @ $14.79(0.00), Euro @ $1.1180, JPY @ $120.1900, INR @ $65.9875

Today News

News

Ø CIL may revise Rs 60K-cr capex: Coal India chief

Ø China, Europe & US data show bleak growth outlook

Ø Record response to NTPC's tax-free bonds at Rs 4,400 crore subscription

Ø Need to infuse more capital into ARCs : Ind-Ra

Ø Fitch threatens to downgrade Volkswagen over pollution scandal

Ø No progress for business in China without reform, says Xi

Ø RBI eases overseas borrowing rules for domestic companies

Ø L&T to sell assets, dilute stake in non-core businesses: Naik

Ø Small banks in Rs 4,000-cr fix to raise domestic funds

Ø Rural Electrification Corp to extend Rs 9K cr loan to Andhra

Ø Iran has offered natural gas to India at $2.95 per unit for urea plant, says Gadkari

Ø Flipkart confirms valuation at $15.2 billion

Ø Rating slashed to default for GMR's road project

Ø IEX stake: Financial Tech to shed more to five buyers

Ø Sterlite Technologies acquires Elitecore Technologies

Ø No need for regulating algo now: Jhunjhunwala

Ø CCI to conduct survey on healthcare sector

Ø Pfizer to sell vintage Thane plant to Vidhi Research for Rs. 178 crore

Ø Nestle signs deal with biotech firm to develop Alzheimer's test

Ø India’s spending on IT may rise over 5% to $6.88 bn this year: Gartner

Ø Govt panel finds no evidence of data manipulation at GVK Biosciences

Ø Lenders take over Visa Steel under SDR rules

Ø Etihad to buy bonds to help Jet Airways recast debt

Ø L&T opts out of GAIL tender to build LNG carriers locally

Ø Apollo International, Lycos form e-commerce JV

Ø Sensex closes 171 points up on value buying, Nifty settles at 7,846

Ø China's pain can't be India's gain: Chinese media

Ø Monsoon deficiency has dropped by 3 per cent: IMD

Ø Pharma companies growth may remain moderate in Q2: BofA-ML

Ø Ajanta Pharma to replace Aditya Birla Nuvo on Nifty Midcap 50

Ø TRAI to firm up position on net neutrality soon

Ø Sahara's Plaza world's top-ranked hotel for super-rich

Ø Asian business sentiment crumbles on China shock

Ø SKS Micro lowers rate by 1.25% for new disbursals

Ø Balmer Lawrie lines up Rs 400 crore capex

Ø Restrictions on stocking pulses, edible oils extendedMarket Update:

Tuesday, September 22, 2015

Business Line

Ø Ricoh looking at Digital India projects to drive revenue growth

Ø Air India inaugurates Airbus A-320 training for external pilots

Ø After 10 years, MakeMyTrip turns to hotels, packages to drive growth

Ø Defamation suit against website: HC stays Rs. 50-lakh penalty on NSE

Ø Google aims to make India a hub for app development

Ø Amtek Auto fails to meet bond redemption deadline

Ø Aditya Birla Minerals to sell Australia copper mine to Lighthouse Minerals

Ø Power Grid gets shareholders nod to raise Rs14,000 crore in FY17

Ø OVL chasing $712 million in dues from foreign govts

Financial Chronicle

Ø GE says no to Nuclear-power plants in India, cites liability risks

Ø Give govt access to Whatsapp messages, emails: Draft National Encryption Policy

Ø Black money: Declare foreign assets by Sep 30 or face consequences, says FinMin

Ø Sensex ends flat to settle at 26,193; Nifty closes at 7,977

Ø RBI may cut policy rate by 25 bps on Sep 29: Report

Ø US-based healthcare tech company to invest `750 cr

Ø Domestic MFs have got $18b of inflows in 1 year: Sikka

Ø Indian IT cos among world's worst paymasters

Ø Centre will no longer bail out defaulting discoms

Economic Times

Business Standard

Ø Infy bags Rs 1,320cr contract to build GST Network

Ø India's Ashok Leyland plans to list financing arm

Ø Oil prices up 2 per cent after US drilling falls

Ø Enhanced southwest monsoon to bring good rains: IMD

Ø Adani eyes 20% growth in Rs 20K crore agro biz

Ø Declare foreign asset by September 30 or face consequences: Finance Ministry

Ø Bain Capital acquires 10% stake in L&T Fin for Rs 1370 cr

Ø LIC big market player, not only to bailout divestment: FM

Ø Call drop issue: Bharti Airtel moves all prepaid users to per-second plan

Ø Govt considers FDI cap hike in DTH, cable networks; Dish TV up 4.5%

Ø Godrej & Boyce aims at Rs 10,000 cr turnover this year

Ø Corporate tax exemptions phase-out may end MAT

Market Update

Market Update:
Sgx Nifty +2 pts
Dow +125.61pts ,Nsdq +1.73 pts , S&P‎ +8.93 pts ,Bovespa -673 pts, Ftse +4 pts , Dax +32 pts, Cac +49 pts, Nikkei Cls , now, Crude @ $46.22 brl (-0.46), Brent @ $48.57 (-0.35) , Gold @ $1131.90 (-0.90), Silver @ $15.18(-0.04), Euro @ $1.1194, JPY @ $120.4000, INR @ $65.7388

Monday, September 21, 2015

market segment

 Friday, FIIs were net buyer in both cash market segment and in Index Futures. They bought equities to the tune of Rs. 643 crores and Index Futures of Rs. 470 with good amount of rise in OI, suggesting mix of long and short formation in last trading session.

 In Index Options front, they bought significantly of Rs. 2858 crores with some fall in OI. In call options, we hardly witness any fresh OI build-up, meaningful unwinding was seen in the range of 7800-8300 call options. While in put options, 7900 & 8000 strike added decent OI, followed by unwinding in out the money put strikes. Maximum OI is seen in 8200 call and 7500 put options.

 Surprisingly, we saw buying figure in cash and Index Futures in last trading session. In Index futures mixed positions were formed, while in options, we saw FIIs covering their shorts formed in call options. Fresh put buying was also visible. We suggest avoid forming longs in Nifty till we see continuation of meaningful buying.

Economic Times

Business Standard

Ø Resolution of pending tax disputes in works: FM

Ø Better return on investment in India: FM

Ø Companies Act to be fully implemented by Mar 2016

Ø India's merchandise exports slide as commodity prices dip

Ø BPCL set to start work on Rs 5k-cr complex in Kochi

Ø Govt examining oil cos' demand to lower cess

Ø Ambanis unite against GSM rivals' proposals to DoT

Ø PSUs' capex down 24% in 2014-15

Ø Petrol, diesel contribute Rs 30,000 cr addl excise in Apr-Aug

Ø Rates should come down, but RBI final authority: Jaitley

Ø BSE eyes 10 times faster trading speed in next few months

Ø SFIO report on Kingfisher Airlines at least 6 months away

Ø Govt may raise FDI cap to 100% in DTH, cable networks

Ø PowerGrid to set up lines to link solar parks with ISTS

Business Line

Mint

Ø Steel makers build case for anti-dumping duties on imports

Ø Jaitley seeks foreign investments for infra, other sectors

Ø Registered research analysts rises to 121 as of July: SEBI

Ø Stanchart revises FY16 CAD forecast to 1.5% of GDP

Ø Fortis to use drones to transport organs

Ø Xander to acquire distressed assets

Ø Bad loans: IDFC gets RBI nod for using Rs.2,500 cr reserve as provision

Ø Sun Pharma sells Ranbaxy divisions to Strides Arcolab for Rs165 crore

Ø Govt policy on spectrum trading, sharing could boost service quality

Ø DLF to open Rs300-crore Emporio Mall in Delhi by May 2016

Ø NTPC gets shareholders nod to raise Rs.5,000 cr

Financial Express

Financial Chronicle

Ø Sebi widens black money probe; offshore arbitrage under regulator's lens

Ø Delhi power gencos charging 50% more than the NTPC’s rate: Tata Power

Ø In real distress, developers join forces to get projects off ground

Ø Top 10 BSE Sensex companies add Rs 74,521 cr in market cap

Ø $4b Indian cyber security segment is expected to grow

Ø A divided Fed pits world's woes against domestic growth

Ø India insulated from economic fallout, says Jaitley

Ø Top 10 Sensex cos add Rs 74,521 cr in market cap

Ø SBI expects less slippages, asset quality improvement

Market Update

Market Update:
Sgx Nifty -56 pts from Nifty fut(7896)
Dow -290.16pts ,Nsdq -66.72 pts , S&P‎-32.17 pts ,Bovespa -1290 pts, Ftse -82 pts , Dax -313 pts, Cac -119 pts, Nikkei Cls , now, Crude @ $44.93 brl (+0.23), Brent @ $47.62 (+0.15) , Gold @ $1136.50 (-1.30), Silver @ $15.15(-0.01), Euro @ $1.1304, JPY @ $119.8200, INR @ $65.6738

Friday, September 18, 2015

Buy ONGC

The stock has corrected significantly in the last few months and has reached around its support area of 215 – 220 zone in the monthly chart. While, on the weekly chart, we are observing a formation of a bullish harmonic pattern called ‘Bullish Bat’ pattern, whose Potential Reversal Zone (PRZ) is placed at 220 – 226 levels. On oscillator front, the ‘RSI- smoothened’ is giving positive crossover with its average from the oversold territory in the daily chart, indicating reversal on cards. Looking at the current chart structure, we advise traders to buy this stock at current levels and on declines to ` 232 for a target of ` 252 in coming 14 to 21 trading sessions. The stop loss for this trade set up can be kept at ` 224.

trend deciding level

The trend deciding level for the day is 7,889 levels.

If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,924 – 7,949 levels.

However, if NIFTY trades below 7,889 levels for the first half-an-hour of trade then it may correct towards 7,864 – 7,828 levels.

cash market segment

 Wednesday, FIIs were net sellers in cash market segment to the tune of Rs. 337 crores. They sold Index Futures marginally with fall in OI, suggesting mix of long unwinding and short covering in last trading session.

 In Index Options front, they were net sellers of Rs. 287 crores with marginal change in OI. In call options we saw build-up in 7800 and 8200 strikes, followed by unwinding in 8000 & 8300 call options. While in put options, 7800 strike added good amount of OI, some build-up was also visible in 7500 & 7900 put option. Maximum OI is seen in 8200 call and 7800 put options.

 We continue to see meaningful selling in equities by bigger hands. Even though Nifty gave a decent bounce, we are hardly witnessing any substantial buying interest in Nifty. We still believe it’s a sell on rise market; 7900-8000 is an immediate resistance for Nifty.

Financial Express

Financial Express

Financial Chronicle
Ø Goldman Sachs chief 'would not invest in China'

Ø Infra projects remain under stress as funds fall short

Ø GMR Energy gets gas for two power plants in Andhra Pradesh

Ø Kishore Biyani says getting harder to do biz, rues ever-rising permits

Ø GAIL re-floats $7 billion tender to hire LNG ships

Ø Govt mulls raising FDI limit in private banks to 100%

Ø NHAI allows 2 developers to divest stake in TN project

Ø India all set to witness a wearable tech explosion

Ø MMTC to help Goa mine operators sell iron ore

Ø L&T to build Rs 1,700-cr Bangladesh power plant

Business Line

Mint
Ø US current account narrows sharply in second quarter

Ø Private equity deals worth $1.7 bn sealed in August: Thornton

Ø CAD to be around 1.5% of GDP this fiscal: RBI

Ø Emerging markets with limited forex at higher risk to US rate hike: Moody’s

Ø Govt may raise cap on equity investments by state PF to 15%

Ø Labourers clash at RIL colony in Jamnagar

Ø ONGC expects a correction in oil prices

Ø SABMiller and AB InBev merger likely to lift spirits at India units

Ø Blackstone buys Serco’s India BPO operations for Rs2,558 crore

Ø Sun Pharmaceutical eyes InSite Vision’s research portfolio

Ø Mahindra Auto Steel opens new factory near Pune

Economic Times

Business Standard
Ø Fed holds rates steady on global economic weakness

Ø India's ranking slips further in Global Innovation Index 2015

Ø Worries over global growth weigh as US Fed mulls rate hike

Ø US jobless claims at 8-week low; housing starts fall

Ø Emerging central banks step in to curb currency falls

Ø Government notifies miners contribution to District Mineral Foundation

Ø Pvt placement of debts doubled, capex remains limited

Ø Carrot & stick approach for sick power discoms

Ø Sustained low inflation to cut cost of capital: RBI deputy governor

Ø Hero Cycles acquires Firefox Bikes in all-cash transaction

Ø Govt will 'put to sleep' pending tax disputes: FM

Ø Commodity brokers urge Sebi to exempt transaction fee, charges

Ø BPCL may import Ethane from US for its petchem unit

Market Update

Market Update:
Sgx Nifty +62 pts from Nifty fut(7896)
Dow -65.21pts ,Nsdq +4.71 pts , S&P‎-5.11 pts ,Bovespa -2 pts, Ftse -42 pts , Dax +2 pts, Cac +9 pts, Nikkei -192 pts , now, Crude @ $46.77 brl (-0.13), Brent @ $49.08 (-0.66) , Gold @ $1130.50 (+13.50), Silver @ $15.12(+0.14), Euro @ $1.1417, JPY @ $119.8800, INR @ $66.4000
‎

Wednesday, September 16, 2015

BUY NSECALL BANKNIFTY SEP

BUY NSECALL BANKNIFTY SEP 17300 @ 190-195 SL 173 TRG 245

NIFTY trades

The trend deciding level for the day is 7,836 levels.

If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,873 – 7,917 levels.

However, if NIFTY trades below 7,836 levels for the first half-an-hour of trade then it may correct towards 7,793 – 7,756 levels.

market segment

 Yesterday FIIs were net sellers in cash market segment to the tune of Rs. 910 crores. They bought Index Futures of Rs. 257 crores with rise in OI, suggesting some fresh long formation in last trading session.

 In Index Options front, they were net sellers of Rs. 1721 crores with marginal change in OI. In call options we saw build-up in 7800 and 8100 strikes, followed by unwinding in 8500 call options. While in put options, we hardly saw any strike adding reasonable OI, some unwinding was visible in 8000 put option. Maximum OI is seen in 8000 call and 7500 put options.

Economic Times

Business Standard

Ø RBI base rate calculation norms may help monetary policy: ICRA

Ø Govt to pump Rs 70,000 cr in replacing old power units

Ø 9 biggest banks to form blockchain partnership

Ø Advance tax from steel, banking sectors registers fall

Ø Trade data: Exports fall 20.7 per cent y/y in August

Ø Fed meets, decision on rate hike seems like a toss-up

Ø SFIO probes fund diversions by Kingfisher Airlines

Ø Tata front runner for GE Capital's stake in SBI Cards

Ø China falls drag world stocks back into red

Ø India's FX reserves loss in August fourth highest among EMs

Ø Everstone closes its third private equity fund at $730 million

Ø Suvidhaa acquires mobile PoS platform AasaanPay

Ø ONGC to complete 12 projects worth Rs 13K cr by May 2016

Ø Orchid Pharma to convert rupee term loans to foreign currency loans

Business Line

Mint

Ø To check bad loans, RBI for cap on lenders in a consortium

Ø Industry body urges Centre to re-define MSMEs

Ø Fertiliser cos see good sales growth in Kharif season

Ø Corporate agents can now sell policies of up to 3 insurers

Ø Modi asks Sri Lankan PM to support Indian investments in infra, energy

Ø Biocon opens new facility to make insulin devices in India

Ø NPAs grew faster than bank credit during 2011-15: RBI

Ø Infosys to announce Q2 results on 12 October

Ø Sebi asks MFs to explain corporate bond investments

Ø IDFC Alternatives to buy operational road projects

Ø Finance ministry falls short on promised contribution to EPS

Ø India acquiring energy assets through the oil price roller coaster

Financial Express

Financial Chronicle

Ø Sensex ends 151 pts down on caution ahead of US Fed meet, Nifty settles at 7,829

Ø Expecting quick reforms in India unrealistic: US official

Ø Reliance Jio launches unlimited free wi-fi at select places in Mumbai

Ø Govt cuts import tariff on gold, silver

Ø India home to 1.98 lakh millionaires; 11th largest globally

Ø Govt looks to settle `3L cr combined discom debts

Ø Vedanta-Cairn India merger gets go ahead from bourses

Ø ING merger will boost Kotak Life’s bancassurance business

Ø IOC to invest Rs 1.75 trillion over 7 years

Ø TAM acquires Thai electronics brand Abaz World

Ø FIs allowed to invest through partly paid share

Market Update

Market Update:
Sgx Nifty +83 pts
Dow +228.89pts ,Nsdq +54.76 pts , S&P‎+25.06 pts ,Bovespa +88 pts, Ftse +53 pts , Dax +56 pts, Cac +51 pts, Nikkei +139 pts , now, Crude @ $45.01brl (+0.42), Brent @ $46.63 (+0.26) , Gold @ $1104.40 (+1.80), Silver @ $14.37(+0.04), Euro @ $1.1278, JPY @ $120.3100, INR @ $66.3638
‎

Monday, September 14, 2015

Market Update

Market Update:‎
Sgx Nifty +55 pts
Dow +103 pts ,Nsdq +39.72 pts , S&P +10.25 pts ,Bovespa -153 pts, Ftse -37 pts , Dax -92 pts, Cac -68 pts, Nikkei -9 pts , now, Crude @ $44.82brl (-0.20), Brent @ $48.23 (+0.08) , Gold @ $1104.60 (+1.30), Silver @ $14.6
51(+0.05), Euro @ $1.1344, JPY @ $120.7100, INR @ $66.5412
‎