TECHNICAL VIEW MOVING AVERAGE 21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY BANK NIFTY
8512 18944
8387 18901
7969 17370
8757 18607
NIFTY PIVOT REPORT DAILY
R2 8957
R1 8761
PP 8663
S1 8565
S2 8369
WEEKLY
R2 9453
R1 8959
PP 8713
S1 8466
S2 7973
MONTHLY
R2 9759
R1 9036
PP 8674
S1 8313
S2 7589
BANK NIFTY PIVOT REPORT DAILY
R2 19297
R1 18751
PP 18478
S1 18205
S2 17660
WEEKLY
R2 20827
R1 19363
PP 18631
S1 17899
S2 16435
MONTHLY
R2 21230
R1 19464
PP 18581
S1 17698
S2 15932
NSE EQUITY DAILY LEVELS COMPANY NAME
R3
R2
R1
PP
S1
S2
S3
ACC ALBK
EQ EQ
1647 110
1588 107
1554 106
1529 104
1495 103
1470 101
1411 98
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBARODA BANKINDIA
EQ EQ EQ EQ EQ EQ
258 849 575 2142 187 246
253 834 557 2102 181 237
249 825 545 2085 180 233
247 820 538 2062 176 228
244 810 527 2045 174 225
242 805 520 2022 171 219
237 790 501 1982 166 210
BHEL BHARTIARTL CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL KOTAKBANK LT M&M MRF MARUTI ONGC ORIENTBANK RANBAXY RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SSLT SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK
EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ
246 452 713 394 159 3816 414 3900 974 1340 1044 2526 147 967 324 362 1020 2259 166 1491 1817 1258 43577 3745 339 248 76 476 973 484 63 303 230 1210 559 84 378 172
240 431 696 388 154 3736 402 3784 958 1322 1032 2468 143 952 318 356 957 2217 163 1442 1780 1240 42392 3698 334 239 73 463 952 470 62 297 219 1134 548 82 361 168
237 418 687 385 150 3693 395 3707 949 1309 1025 2440 141 945 314 354 915 2198 131 1414 1758 1231 41716 3667 332 235 71 455 938 463 61 295 215 1087 541 81 354 166
234 410 679 382 148 3656 391 3668 941 1303 1020 2411 139 936 311 351 894 2176 159 1393 1744 1223 41208 3652 330 230 70 449 930 456 60 292 208 1057 537 80 344 164
231 397 670 378 145 3613 383 3591 933 1290 1014 2383 137 929 307 348 852 2157 157 1365 1722 1214 40531 3621 327 226 -69 441 916 449 59 289 204 1010 530 79 337 162
228 390 662 375 143 3576 379 3552 925 1284 1009 2354 135 921 304 345 831 2134 156 1344 1708 1205 40023 3605 325 221 67 436 908 442 58 286 197 981 527 78 327 160
222 369 645 369 138 3496 367 3436 909 1265 997 2297 131 906 297 339 768 2093 153 1295 1671 1187 38839 3558 320 212 65 422 886 428 57 280 186 905 516 75 310 156
NSE WEEKLY NEWS UPDATE ✍ IDBI Bank, LIC ink pact to offer PM Jeevan Jyoti Bima Yojana IDBI Bank and Life Insurance Corporation (LIC) of India have signed a memorandum of understanding (MoU) for implementing ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY), according to a media report. PMJJBY is the central government’s scheme to bring the entire nation under the ambit of insurance coverage. Recently, LIC signed an MoU with Corporation Bank in Mangaluru for implementing PMJJBY. Under PMJJBY, Corporation Bank’s Aadhar-linked savings account holders will be eligible for life insurance up to Rs. 2 lakh for a premium of Rs. 330 (plus service tax) per annum.
✍ LIC increases stake in NMDC to 10.12% LIC has bought 7.98 crore shares, or 2.13 per cent, of NMDC to take its total stake in NMDC to 10.12 per cent. Based on the current share price of NMDC at Rs. 135.60 per share, LIC’s holding in the company is worth around Rs. 5,440 crore. Prior to this acquisition, LIC held 8.11 per cent stake in NMDC. The shares have been purchased through open market acquisitions between September 20, 2014, and April 9, 2015, NMDC said in a regulatory filing to the BSE.
✍ Govt to consider minimum monthly pension plan soon The Cabinet is expected to consider the labour ministry's proposal to provide the minimum pension of Rs. 1,000 per month to workers till perpetuity, according to a media report. Labour ministry had earlier sent a Cabinet note seeking permission to allow EPFO to extend the minimum pension scheme till perpetuity, the report added. The proposal is expected to be discussed by the Cabinet next week after Prime Minister Narendra Modi returns from his three-nation tour, the report further said.
✍ CRISIL slips 7% post Q1 results Shares of CRISIL Ltd were trading lower 7% at Rs. 2,177 on BSE today. The Company has posted a net profit after of Rs. 563.20 million for the quarter ended March 31, 2015 as compared to Rs. 687.10 million for the quarter ended March 31, 2014. Total Income has decreased from Rs. 3,121.20 million for the quarter ended March 31, 2014 to Rs. 3,107.20 million for the quarter ended March 31, 2015. The company has recommended an interim dividend of Rs. 4 per equity share of face value of Re. 1 each, for the financial year ending December 31, 2015. The Dividend will be paid on May 12, 2015. The stock opened at Rs. 2,360 as against the previous close of Rs. 2,346 on BSE. It has hit a high of Rs. 2,365 and a low of Rs. 2,162 on BSE today.
✍ No capital gain tax on roll-over of MFs beyond 36 months The rollover of mutual fund fixed maturity plans (FMPs) beyond 36 months will not attract capital gains, Central Board of Direct Taxes (CBDT) said in a circular on Thursday. A tax of 20 per cent will be charged at the time of redemption of plans. The CBDT has issued the clarification with regard to taxation on rollover of FMPs beyond 36 months. “The rollover...will not amount to transfer as the scheme remains the same. Accordingly, it is hereby clarified that no capital gains will arise at the time of exercise of the option by the investor to continue in the same scheme. The capital gains will, however, arise at the time of redemption of the units or opting out of the scheme, as the case may be,” CBDT said. FMPs are closed-ended funds having a fixed maturity date wherein the duration of investment is decided upfront.
✍ Sun Pharma Board approves allotment of 33.49 Cr equity shares to Ranbaxy Shareholders Sun Pharmaceutical Industries Ltd has announced that the Allotment Committee of the Board of Directors has approved the following at their meeting held on April 10, 2015 pursuant to merger of erstwhile Ranbaxy into the Company: Allotment of 334,956,764 (Thirty Three Crore Forty Nine Lakh Fifty Six Thousand Seven Hundred and Sixty Four) equity shares of Re. 1 each to the shareholders of erstwhile Ranbaxy in the ratio of 8 (eight) equity shares of Re. 1 each of the Company for every 10 (ten) equity shares of Rs. 5 each of erstwhile Ranbaxy held. After allotment, the total number of issued and paid up equity shares of the Company has aggregated to 2,406,120,674 of Re. 1 each. Allotment of 5,000 Secured Rated Redeemable 9.20% Non-Convertible Debentures of the Face Value of Rs. 10,00,000/- each to the NCD holders of erstwhile Ranbaxy in the ratio of 1 (One) NCD of Rs. 10 lac each of the Company for every 1 (One) NCD of Rs.10 lac each held in erstwhile Ranbaxy. After allotment the total number of NCDs of the Company is 5,000 Secured Rated Redeemable 9.20% Non-Convertible Debentures of the Face Value of Rs. 10,00,000/each.
Torrent Pharma plans to acquire Encore's derma business Torrent Pharmaceuticals is planning to seal a deal to acquire the dermatology business of Mumbai-headquartered Encore group, according to reports. Report said that the deal size may be valued at Rs. 350 crore. The acquisition of derma business of Encore group provides Torrent Pharma access to global market also.
✍ HDFC Bank is set to introduce 'iWatch' banking HDFC Bank is all set to introduce “watch banking” or “i-watch”, according to a media report. The Bank's mobile banking application (app) will be available on the Apple Watch, which will be launched in India later this month, the report added. HDFC Bank’s mobile banking app has about 75 features. The Bank will offer around 10 features commonly available on the mobile banking app. Among the common features include balance enquiry, re-charge of pre-paid mobile phones, cheque book request and account statement, as well as paying utility bills.
✍ Lakshmi Vilas Bank revises interest rates on term deposits Lakshmi Vilas Bank has revised the interest rates on the domestic term deposits from Tuesday, 14 April 2015. For deposits having maturity period of 91 to 180 days, the interest rate for retail investors and senior citizens is revised to 8.1%. For deposits having maturity period of two years and less than three years, the interest rate for retail investors is revised to 8.8% and for senior citizens the rate is 9.3%.
✍ RBI releases data on international trade in services The Reserve Bank of India released the data on India’s International Trade in Services for February 2015. The value of exports stood at $14,099 million during February 2015 as against $14,250 million in January 2015. The value of import was at $7,896 million during February 2015 as against $7,788 million in January 2015. The Reserve Bank releases provisional aggregate monthly data on India’s international trade in services with a lag of around 45 days. The data being provisional would undergo revision when the Balance of Payments (BoP) data are released.
✍ Axis Bank cuts home loan rates by 20 bps to 9.95% Axis Bank has revised interest rates on its floating home loan to 9.95 per cent, a cut by 20 bps effective April 13. The bank has also introduced a single slab applicable for all salaried customers irrespective of the loan amount. The bank has accordingly aligned the pricing for new borrowers, an Axis Bank statement said. In a bid to aid affordable housing finance, Axis Bank also reduced its interest rate on Asha Home loans by 30 bps.
✍ RBI reviews corporate governance norms for NBFCs The RBI has reviewed corporate governance and disclosure norms for NBFCs based on the feedback received from industry participants and the difficulties expressed by them in its effective implementation.
NBFCs shall furnish to RBI a quarterly statement on change of directors certified by the auditors and a certificate from the Managing Director that fit and proper criteria in selection of directors have been followed, the central bank said in a notification on Friday. The quarterly statements, can be certified by the Managing Director, except that the statement pertaining to the quarter ended March 31 need to be necessarily certified by the auditors. Independent / non-executive directors of an NBFC should be between 35 to 70 years of age. NBFCs shall communicate outcome of Board deliberations to directors and concerned personnel and prepare and circulate minutes of the meeting of Board to directors in a timely manner and to the extent possible within two business days of the date of conclusion of the Board meeting. It is clarified that circulation of minutes within two business days is not mandatory and provisions in Companies Act, 2013 in this regard shall apply.
� Top corporate news of the day - April 13, 2015 TO April 18, 2015 � Tata Group launches online grocery service in Mumbai The Tata Group has launched an online grocery platform called my247market.com. The portal will be owned and managed by Fiora Hypermarket, a subsidiary of Trent Ltd. The portal will sell fruits, vegetables, staples, meat, bakery and dairy products. It will also sell packaged food, beverages, confectionery, baby care products and so on. DHFL reduced its home loan rate by 25 basis points to 9.9%. The new rate will come into effect from Wednesday. (BS) Alstom T&D has secured a Rs569m order from the Bhabha Atomic Research Centre to provide a 220/11kV, 25/31.5 MVA substation for its Challakere unit in Chitradurga, Karnataka. Ashoka Buildcon has raised Rs5bn from a share sale to institutional investors, sources said. Muthoot Group has entered into the home loan segment with the launch of Muthoot Homfin. DLF's appeal against Securities Exchange Board of India's penalty order has been adjourned to July 9 by the Securities Appellate Tribunal. Tech Mahindra is partnering with US-Israeli Comverse Inc to set up a research and development centre in Israel. However the companies did not disclose financial details. SBI associate State Bank of Travancore has raised over Rs4.74bn through a rights issue to fund
business expansion. Aurobindo Pharma Limited announced that the company has received final approvals from the US Food and Drug Administration to manufacture and market Cefixime for Oral Suspension of different doses. The product is ready for launch, the company said. BHEL has signed a Memorandum of Understanding with a Russian company INTMA, to set up a gas-based power project in Kazakhstan. TCS announces one-time bonus worth Rs26bn for employees. The company will pay staff one week salary for every year served. Hindustan Construction Company said its infrastructure development arm will sell its stake in a highway project to Sadbhav Group for Rs.2040mn as part of a strategy to exit operational assets. National Mineral Development Corporation is aiming to raise its output by 20% to 35mn tonnes by the end of this fiscal year. SpiceJet has sought a deferment of three years on the payment of dues of Rs.2110mn to AAI. Jindal Saw shareholders have approved a proposal for entering into a contract worth up to Rs.100bn with group firm JSW Steel, from which it purchases raw material.
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