22nd FEB 2016
Husains
MARKET WRAP The Sensex ended up 59.93 points or 0.2 percent at 23709.15 and the Nifty was up 19 points or 0.3 percent at 7210.75. About 1298 shares have advanced, 1200 shares declined, and 148 shares are unchanged. SBI, Hero, Bajaj Auto, NTPC and Bharti Airtel were top gainers while Maruti, BHEL, Coal India, Axis Bank and Dr Reddy's were losers in the Sensex .
BROAD MARKET INDICES INDEX
P. CLOSE
NIFTY 50
7,191.75
7,170.55
7,226.85
7,145.95
7,210.75
0.26
NIFTY NEXT 50
17,323.95
17,293.80
17,354.15
17,192.95
17,334.75
6.92
NIFTY100 LIQ15
2,651.85
2,661.05
2,703.45
2,649.60
2,694.80
0.73
NIFTY MIDCAP 50
2,797.65
2,786.85
2,817.60
2,777.35
2,807.10
0.34
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OPEN
HIGH
LOW
CLOSE
%CHANGE
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ASIAN INDEXES INDEX
OPEN
HIGH
LOW
CLOSE
%CHANGE
NIKKEI 225
16,050.40
16,050.46
15,799.35
15,967.17
-1.44%
HANG SENG
19,238.43
19,342.03
19,210.65
19,285.50
-0.40%
TAIWAN
8,291.83
8,325.04
8,280.39
8,325.04
0.12%
SSE
2,854.90
2,872.72
2,840.49
2,861.38
-0.05%
INDIAN MAJOR SECTORAL INDICES INDEX
P. CLOSE
OPEN
HIGH
LOW
NIFTY BANK
14,298.15
14,243.45
14,395.85
14,207.35
14,344.20
0.32
NIFTY FIN SERVICE
5,950.15
5,930.00
5,969.45
5,903.60
5,954.20
0.62
NIFTY PHARMA
11,371.35
11,367.90
11,381.00
11,250.55
11,341.65
-0.26
NIFTY IT
10,702.25
10,670.75
10,791.05
10,649.75
10,768.90
0.07
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CURRENT %CHANGE
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STOCK UPDATE RBI inaction early on to blame for current NPA mess: Ex-SBI boss He problem of non-performing assets in public sector banks has grown to an alarming level mainly because of the lack of pro-active measures from the RBI in the initial stages, ex-SBI Chairman Pratip Chaudhuri tells CNBC-TV18. He says the RBI should have introduced a uniform provisioning standard long back when it saw that some banks were treating a loan as NPA while some other banks were treating the same loan as a performing asset. "RBI should have moved towards uniform provisioning across banks 2-3 years back," Chaudhuri says. "Most of the accounts are in consortium; there are multiple lenders. So how can the same loan be standard in one place and sub-standard in the other," he says.
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STOCK UPDATE Tata Steel in talks to sell European long pdts biz for Rs 3K cr Tata Steel is planning to undergo a massive consolidation and debt reduction drive to bring it down by 10-15 percent by CY16-end. The company is currently sitting on a debt of Rs 77500 crore. Tata Steel has been looking to divest stake in foreign operations for a while now. It is planning to sell its long products business in Europe for Rs 3000 crore. At the same time, sources say the company is reviewing other European operations in a bid to identify non-performing assets and sell the same. Tata Steel is also in exploratory talks to identify parts of South Asia long products business to sell. Reacting to this news, Chintan Mehta of Sunidhi Securities says that Tata steel has to sell its non-performing assets (NPAs) and other investments in order to reduce its debt.
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RECOMMENDED CENTURYTEXT :-
CASH CALL BUY CENTURYTEXT AT 455 TGT 463/471 SL 447. THE CENTURYTEXT IS CURRENTLY IN THE SUPPORT LEVEL IS A GOOD REASON FOR BUY THIS STOCK ANT IT MAKING THE TRANGAL, AND GOING TO GIVE THE BRACKOUT OF TRANGAL SO WE RECOMMENDE YOU TO BUY THIS STOCK.
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RECOMMENDED PIDILITIND:-
CASH CALL BUY PIDILITIND 630 TGT 642/654 SL 618. THE STOCK IS IN THE UPTREND IN DAILY CHART AND GIVING THE RESISTANCE BREAKOUT IN DAILY CHART AND ALSO CROSSING THE 200 SMA SO WE RECOMMEND YOU TO BUY PIDILITIND AT THE LEVEL OF 632.
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