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MARKET TECHNICAL VIEW MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY BANK NIFTY
7676 15281
7654 15252
7139 14014
6688 12484
DAILY
R2 8033
R1 7870
PP 7789
S1 7707
S2 7544
WEEKLY
R2 8254
R1 7928
PP 7765
S1 7602
S2 7276
MONTHLY
R2 8765
R1 8021
PP 7649
S1 7277
S2 6533
NIFTY PIVOT REPORT
BANK NIFTY PIVOT REPORT DAILY
R2 16150
R1 15796
PP 15439
S1 15082
S2 14368
WEEKLY
R2 16073
R1 15659
PP 15452
S1 15245
S2 14831
MONTHLY
R2 19140
R1 16500
PP 15180
S1 13860
S2 11220
NSE EQUITY DAILY LEVELS COMPANY
R3
R2
R1
PP
S1
S2
S3
ACC ALBK
EQ 152633 EQ 133
1486 125
1463 121
1446 117
1423 113
1406 109
1366 101
AMBUJACEM ASIAN PAINT AXISBANK BAJAJAUTO BANKBRODA BANKINDIA BHEL BHARTIARTL CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH
EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ
225 653 2146 2127 897 308 243 361 451 391 220 2814 439 3387 1603
218 645 2066 2114 880 297 235 358 448 384 212 2779 435 3340 1592
214 631 2018 2099 868 290 228 354 443 379 207 2735 426 3311 1575
207 623 1938 2085 851 278 220 351 440 372 199 2700 421 3264 1564
203 609 1891 2070 839 272 214 347 436 367 193 2656 414 3235 1547
192 587 1763 2042 810 253 199 341 428 354 180 2577 401 3185 1519
236 676 2274 2156 926 326 258 368 458 403 233 2892 451 3464 1631
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HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL JPASSOCIAT KOTAKBANK LT M&M MRF MARUTI ONGC ORIENTBANK RANBAXY RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SESAGOA 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
1141 871 2680 210 710 1555 369 581 3541 323 70 1003 1717 1251 25220 2596 418 317 621 148 661 1096 814 103 2684 313 842 527 109 606 212
1102 855 2620 202 683 1519 363 565 3446 304 65 983 1686 1231 24467 2555 410 300 599 139 629 1060 776 97 2600 303 807 497 105 583 203
1084 845 2597 196 673 1497 360 557 3399 293 62 963 1672 1221 24093 2532 405 290 591 136 609 1041 754 94 2550 297 794 479 103 570 197
1062 839 2560 196 656 1493 356 550 3351 286 60 953 1655 1211 23714 2514 402 282 577 131 596 1024 737 91 2516 292 772 467 101 561 194
1045 829 2537 188 646 1461 353 542 3304 275 57 943 1640 1201 23340 2491 397 272 569 127 576 1004 716 88 2466 287 759 449 99 548 188
1022 824 2500 185 629 1447 349 535 3256 267 55 934 1623 1191 22961 2473 394 264 555 123 564 987 699 85 2432 282 737 438 97 538 184
982 808 2440 176 602 1411 342 520 3161 248 49 923 1592 1171 22208 2432 386 247 532 115 531 951 660 80 2349 271 702 408 93 516 175
NSE WEEKLY NEWS UPDATE Cabinet clears insurance FDI to 49%; to fetch Rs 25k crore funds The Cabinet on Thursday gave goahead to FDI cap hike in insurance to 49 per cent with a rider that management control will remain in the hands of Indian promoters, thus paving way for inflow of as much as Rs 25,000 crore foreign funds in the sector. FII sublimit in Gsecs raised by $5bn The RBI on Wednesday said the FII limit for investment in government securities has been increased by $5 billion within the total cap of $30 billion. The central bank said in a notification the limit has been
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enhanced by reducing the investment limit for longterm investors from $10 billion to $5 billion. Long term investors include sovereign wealth funds (SWFs), multilateral agencies, pension, insurance funds and foreign central banks registered with Sebi. Tata Power generation up by 24% Tata Power has generated 45,210 MUs (million units) of power collectively from all its power plants in the year 2013 14, compared to 34,683 MUs in the previous fiscal. This marks a significant increase of more than 24 % in generation, with the total power generation capacity of Tata Power. CBI registers preliminary probe against Adani Group CBI has begun an inquiry into the alleged inflated credit facility Adani Group got from banks by over invoicing imported power sector equipment to the tune of Rs 2,300 crore. CBI sources said the Adani Group had allegedly taken credit facilities from several public sector banks for equipment for power infrastructure. When contacted, Adani group officials said they were not aware of any such development and no such communication has been received from CBI in this regard. TVS Q1 net up 39% TVS Motor Company saw its net profit surge 39% in the quarter ended June 2014 but its scrip was buffeted by volatility in the stock market. The twowheeler major's profit before tax during the quarter grew 46% from Rs 69.1 crore last Q1 to Rs 100.5 crore this time round. Profit after tax for the quarter ended June 2014 grew from Rs 51.9 crore in June 2013 to Rs 72.3 crore this time round. Quarter on quarter, too, the net profit jump has been similar up just under 39% from Rs 52.12 crore in the March 2014 quarter. Tata Steel raises $1.5bn via debt Tata Steel raised $1.5billion dollars of debt from international investors on Thursday. It raised $500 million through fiveandahalf year papers at an yield of 4.85% per annum while another $1 billion was raised through 10 year papers at 5.95%. The debt raising plan generated a book size worth $10 billion, sources said. The bonds were rated BB+ by both S&P and Fitch. About 58% of the total allocation was made to Asian investors while the balance was distributed among investors from Europe and offshore US investors. Cairn India gives $1.25bn loan to parent, stock tanks Shares of India's largest private sector oil explorer Cairn India tanked 7%, its sharpest fall in five years, after a surprise disclosure in an analyst call of a $1.25billion loan to Sesa Sterlite, a subsidiary of its parent Vedanta Resources. Cairn India's claims of doubling its inplace hydrocarbon reserves at its Rajasthan block from current 3 billion barrels to 6 billion barrels during its AGM on Wednesday didn't help. Shocked by the lack of transparency, investors dumped shares of the cashrich firm. Wipro Q1 profit up 29.6%, slightly lags estimates India's thirdbiggest IT services exporter Wipro posted a 29.6 per cent rise in quarterly profit, slightly lagging estimates, on the back of higher spending by overseas clients. For the quarter ended June 30, Wipro posted a consolidated net profit of 21.03 billion rupees ($349.9 million), compared with 16.23 billion rupees in the yearago quarter.
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MRF Q3 net up 1.29% at Rs 230.22 crore Tyre maker MRF Ltd reported a marginal 1.29 per cent increase in standalone net profit at Rs 230.22 crore for the third quarter ended June 30, 2014. The Chennaibased tyre manufacturer had posted a net profit of Rs 227.28 crore in the same period last fiscal. ING Vysya profit down ING Vysya Bank's net profit for the quarter ended June was down by 18% at Rs 143.4 crore compared to Rs 175.1 crore in the corresponding quarter of the previous year. Net interest income increased by 8.8% to Rs 463.1 crore, from Rs 425.4 crore. This was after interest reversal of Rs 20.5 crore in a few large stressed accounts. Adjusting for the interest reversals, net interest income increased by 13.7%. The adjusted net interest margin is 3.52% compared to 3.56% in the yearago quarter. Total income increased to Rs 690.7 crore compared to Rs 669.9 crore. Carnival Group acquires Leela Infopark for Rs 280 crore Carnival Group on Tuesday said that it has acquired Leela Infopark in Kochi for around Rs 280 crore. The companies executed the transaction through a share purchase agreement between Leela Soft Pvt Ltd, the developer of Leela Infopark, and Asian Business Connection, a company of Carnival Group.Leela Soft is a codeveloper of Infoparks Kerala, a society set up by Kerala government for developing IT infrastructure in the state. Dish TV posts loss of Rs 16.05 crore in Q1 Directtohome (DTH) service provider Dish TV India on Tuesday reported a standalone net loss of Rs 16.05 crore for the first quarter ended June 30, 2014. The company had registered a standalone net profit of Rs 31.73 crore for the AprilJune quarter of the last fiscal. Axis Bank net profit rises 18% to Rs 1,667 crore Axis Bank has reported a net profit of Rs 1666.7 crore for the quarter ended June 2014 — an increase of 18% over Rs 1,409 crore in the corresponding quarter last year. The increase in profits was largely on account of a drop in provisions and operating profit grew by only 2% to Rs 2896 crore from Rs 2843 crore in the corresponding quarter last year. HDFC net profit rises 15% to Rs 1344.6 crore The country's largest housing finance company HDFC has reported net profit of Rs 1344.6 crore for the quarter ended June '14 an increase of 15% over the previous year after providing a Rs 74.44 crore deferred tax liability on special reserves. Barring the deferred tax liability provision the net profit was higher by 21%. For the quarter ended June 30, 2014, the consolidated profit after tax stood at Rs 1,872.90 crore as compared to Rs 1,707.10 crore in the corresponding quarter last year an increase of 10%.The corporation posted a 23% growth in individual home loan book (after adding back the loans sold in the preceding 12 months). Gross nonperforming loans stood at 0.70% as at June 30, 2014 compared to 0.77% in the corresponding quarter last year. Idea Cellular lifts profit 57 per cent on higher voice rates, data use Mobile phone company Idea Cellular reported a 57 percent jump in quarterly profit on Monday, benefiting from fewer competitors, higher call rates and more customers using data plans. Idea Cellular, India's thirdbiggest mobile phone operator by users and revenue, said consolidated firstquarter profit was 7.28 billion rupees ($120.8 million), up from 4.63 billion rupees a year earlier.
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DLF to sell 30acre land for Rs 550 crore to further reduce debt DLF, India's largest real estate developer, is selling a 30acre land parcel in Hyderabad's Raidurg area to local builder My Home Group for Rs 550 crore, two people with knowledge of the development said. The transaction will be completed in the next one month and DLF will use the money to reduce its debt further, one of the persons said. DLF has pared its debt toRs 18,500 crore from over Rs 23,000 crore a few years ago, but it hopes to bring this down further to Rs 17,500 crore by the end of the current fiscal. Kotak Mahindra Bank to buy 15% in MCX for Rs 459 crore Financial Technologies (India), or FTIL, on Sunday announced that it has entered into a share purchase agreement (SPA) to sell its 15% stake in MCX to Kotak Mahindra Bank for Rs 459 crore. FTIL, which has to bring down its stake to 2% in MCX following the order from the regulator Forward Market Commission (FMC), had offloaded 4% stake in the commodity exchange on July 16. FIIs pump in Rs 22,000 crore this month Continuing to bet on the reforms agenda of the government, overseas investors have poured in a little over Rs 22,000 crore in the Indian markets since the beginning of the month. The net investments by foreign investors in equity market stood at Rs 10,755 crore ($1.8 billion) till July 19, while for the debt market it was at Rs 11,268 crore ($1.89 billion), taking the total amount to Rs 22,023 crore ($3.67 billion), according to the latest data.
Reliance Industries becomes first Indian private company to post $1 billion quarterly profit Reliance Industries on Saturday posted a 13.7 per cent jump in its first quarter net profit to almost Rs 6,000 crore ($1 billion), the highest quarterly profit by a private firm, on the back of higher refining margins, better petrochem earnings and surge in US shale gas business.The net profit in AprilJune rose to Rs 5,957 crore, or Rs 20.3 per share, up 13.7 per cent from Rs 5,237 crore, or Rs 17.8 a share, in the same period a year ago, the company said in a statement. PNB Q1 profit beats forecast, up 10% but asset quality weak Punjab National Bank (PNB) surpassed street expectations on profit and net interest income front but the asset quality worsened during AprilJune quarter of current financial year 201415. Net profit jumped 10.2 percent on yearly basis to Rs 1,405 crore on account of fall in provisions but decline in other income limited the profitability. The bank reported growth in profit for the first time in last four quarters. Indian Bank Q1 net falls 35% on lower other income; NPA up Public sector lender Indian Bank disappointed street with the first quarter (AprilJune) net profit falling 34.8 percent to Rs 207.1 crore on account of lower other income. Profit in the yearago period was Rs 317.4 crore. Net interest income, the difference between interest earned and interest expended, declined marginally to Rs 1,072 crore from Rs 1,098 crore during the same period but other income (noninterest income) slipped 59.2 percent on yearly basis to Rs 215.2 crore in the quarter ended June 2014. Allahabad Bank Q1 net profit tanks 73% but NII rises 23% Stateowned lender Allahabad Bank reported a 72.7 percent decline in net profit at Rs 112.7 crore in
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AprilJune quarter (Q1FY15) compared to Rs 413 crore in same quarter last year on account of higher provisions, tax cost and fall in other income but net interest income growth was very strong. Net interest income, the difference between interest earned and interest expended, grew 22.7 percent to Rs 1,609.7 crore in June quarter from Rs 1,312 crore in corresponding quarter of previous financial year while during the same period, other income (noninterest income) slipped 6.4 percent to Rs 469 crore from Rs 501.3 crore. UCO Bank Q1 profit up 2%, other income falls significantly Public sector lender UCO Bank has reported a net profit of Rs 520 crore in the first quarter (AprilJune) of current financial year, increased marginally (1.7 percent) compared to Rs 511 crore in same quarter last year on account of significant fall in other income that was the reason behind fall in share price. Net interest income, the difference between interest earned and interest expended, grew 8.7 percent on yearly basis to Rs 1,483 crore from Rs 1,364 crore while other income (noninterest income) fell 30 percent to Rs 322.23 crore from Rs 461.9 crore yearonyear. Shriram Transport Finance Q1 PAT drops 10% to Rs 306 cr Shriram Transport Finance Corporation 's AprilJune quarter (Q1FY15) net profit declined by 10 percent to Rs 306 crore from Rs 341 crore in corresponding quarter of last fiscal. However, total income was up by 6 percent to Rs 2,015.8 crore from Rs 1,891.3 crore, YoY. Goldman sells 1.91% Mahindra and Mahindra stake for 1,400 crore Goldman Sachs Group raised about Rs 1,400 crore by selling 1.91% stake in Mahindra and Mahindra, exchange data showed. The US investment banking giant sold 11.8 million shares in India's biggest sports utility vehicle maker at Rs 1,161.23 a share. Interestingly, another Goldman Sachs' Singapore entity was among the buyers, data showed. In 2008, the Anand Mahindraled company had sold Rs 700 crore worth of convertible debt instruments to Goldman Sach's Golboot Holdings.
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