Equity research report 04 january 2016 ways2capital

TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) NIFTY FIFTY : - The Market has Opened in the positive trend on Monday NIFTY50 was up 4.30 points or 0.05 percent at 7863.20. The mixed trend seen in Asian Markets. Asian shares glided higher in early trading session, Although investors are cautiously watching whether renewed selling in crude oil futures will dent sentiment. The US market too ended higher with the technology sector uptrend. Oil prices earlier had jumped over USD 1 a barrel, as Prospects of colder weather in coming weeks inspired buying in equity Market. However, slowing global demand and abundant supplies from Organization of the Petroleum Exporting Countries members kept energy markets bearish. On Wednesday Nifty started flat , but was still trading above its crucial support level of 7,900, supported by gains in realty, power, metal, and capital goods stocks. NIFTY is hovering around the 7900 mark and on the upside major Resistance is seen at 7980.

Going forward, if the Nifty manages to sustain above the 7980 mark then we may witness a continuation of this move towards 8050-8150 levels.The Resistance of NIFTY is 8010-8134 And the Support 7762-7886.

BANK NIFTY : - The BANK NIFTY Open in positive Trend on Monday trading session at 16843.40 up 32 points or 0.19 %. The is currently trading at 17087 up by 109 point or 0.65 per cent. The Banking ssctor seems good ahead starting of the new year. The had made ever high of this month. The Bank Nifty is seems Strong for Next week also. It can cross the level of 17200. The Strong Resistance for Bank Nifty is 1724517320 And the Banking Nifty Strong Support is 16742-16978. If the Bank Nifty able to break the level of 17150 we can expect the 17300-17524 level For Next week. There is a huge bad loans worth about USD 60 billion and a serious clean- up job is a must in 2016 with the RBI having set a deadline. So this will be worry for Indian Banking Industry. The All over the Trend of BANK NIFTY is on Bull side. So Expectations to reach at the 17450 level at the end of Next week Session. The Resistance for BANK NIFTY IS 17214-17686 And Support 16978-16742.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY

R2

R1

PP

S1

S2

8010

7948

7886

7762

R2

R1

PP

S1

S2

8238

8036

7935

7834

7632

R2

R1

PP

S1

S2

8134

8010

7948

7886

7762

8134

WEEKLY

MONTHLY

BANK NIFTY DAILY

R2

R1

PP

S1

S2

17214

16978

16742

16270

R2

R1

PP

S1

S2

17686

17214

16978

16742

16270

R2

R1

PP

S1

S2

17686

17214

16978

16742

16270

17686

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7810

7917

8009

8218

BANK NIFTY

16783

17080

17326

17866

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7775

7300

8455

BANK NIFTY

16580

16103

19630

PATTERN FORMATION ( NIFTY AND BANK NIFTY )

Depiction of Chart - On the Above given weekly chart of NIFTY50 Moving Average has Applied for 100 days. Along with 50 days Exponential moving Average ,The Moving average lag the current price Action because they are based on past prices longer the time period the greater the lag of Moving Average. Thus a 100-day MA will have a much greater degree of lag than a Less-days MA because it contains prices for the past 100 days. With breaks above and below this moving average considered to be important trading signals.for Buying or Selling. MAs also impart important trading signals on their own, .While on the Above given Chart MA is about to cross the Green candle. which is a early signal for Bullish movement for NIFTY50 . However Global Market is worry for Near term. The Expectation for Nifty50 to give gap-up opening in next week. So we can expect that if the Nifty is crossing the level of 8050-8150 we may witness the 8200 level.

BANK NIFTY MACD

Details of Chart On the Above given weekly chart of BANK NIFTY Moving Average has Applied for 100 days. Along with 50 days Exponential moving Average . And the Moving Average has crossed the Green Candle, which is a early signal that BANK NIFTY can Move in Bull Trend. After long time the BANK NIFTY has seen the Near level of 17100. The market is Now in good shape so expectationof BANK NIFTY is towards bull for Next week. Hope from Banking Industry is Also good for next week, We can Expect if the BANK NIFTY is Able to cross the level of 17245-17327 can touch the level of 17350-17500. For Next weak of New Year.The Resistance for BANK NIFTY is 17214-17686 And Support is 16742-16270.

NSE EQUITY DAILY LEVELS COMPANY NAME

R2

R1

PP

S1

S2

ACC ALBK

EQ EQ

1390 72

1380 71

1370 70

1360 68

1350 68

AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBARODA BANKINDIA 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 RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SSLT( VEDL) 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 EQ EQ EQ EQ EQ

210 889 457 2542 161 120 174 347 664 340 124 3141 380 3821 860 1275 1097 2707 86 867 267 331 977 1117 97 174 1300 1285 42177 4703 246 148 94 488 1024 631 61 230 93 814 422 71 263 154

206 886 454 2536 160 118 172 344 660 336 121 3127 376 3797 854 1269 1091 2698 85 863 265 329 971 1112 96 173 1293 1278 41383 4671 244 146 92 475 1019 611 60 229 92 819 412 70 260 152

204 881 450 2523 158 116 170 340 654 331 118 3108 373 3766 848 1259 1084 2687 85 858 262 327 966 1102 95 171 1283 1273 40630 4637 241 143 90 456 1014 576 58 226 91 813 392 69 256 150

203 878 447 2517 157 114 168 337 650 327 115 3094 369 3742 842 1253 1078 2678 84 854 260 325 960 1097 94 170 1276 1266 39836 4605 239 141 89 443 1009 556 58 225 90 808 382 68 253 148

201 873 443 2504 156 112 166 333 644 322 112 3075 366 3711 836 1243 1071 2667 83 849 256 323 955 1087 93 169 1266 1261 39083 4571 236 138 87 424 1004 521 56 222 89 802 362 67 249 146

TOP 15 ACHIEVERS

SR.NO

PREV CLOSE

SCRIPT NAME

CMP

//

% CHANGE

1

RELIANCE INFRA

452.15

591.55

+30.83 %

2

1.

JET 629.95 AIRWAYS RELIANCE CAPITAL 406.30

764.00

+21.28 %

464.75

+14.39 %

247.70

+13.86 %

5

7.

ENGINEER 217.55 S INDIA RELIANCE POWER 51.90

58.95

+13.58 %

6

ADANI POWER LTD. 30.00

33.60

+12.00 %

7

SUN TV

387.55

431.90

+11.44 %

8

MMTC LTD.

44.00

48.35

+9.89 %

9

TRENT LTD.

1603.20

1760.00

+9.78 %

10

PUNJ LLOYD

26.10

28.50

+9.20 %

11

BHARAT

1270.10

1376.05

+8.34 %

12

ELECTRONIC JAIN IRRIGATION

63.95

69.20

+8.21 %

13

ESSAR OIL LTD.

240.00

259.00

+7.92 %

14

DLF LTD.

113.40

121.70

+7.32 %

15

ARVIND LTD.

331.75

355.25

+7.08 %

3 4

SR.NO

TOP 15 LOOSERS

SCRIPT NAME

MARICO LTD.

1

PREV CLOSE

432.80

CMP

% CHANGE

226.15 -47.75 %

2.67+3.67+4.67+5.

J672+6.

J67 E262E262E262E262E26 T941T941T941T9431T94 ... ... ... ... ..

A2 92 0+ 29.

A2 92 0+ 210.

A2 92 0+ 211.

A 92 0+ 2E A2 92 0 8.

E2 412.

I1 54 01 8N I1 54 01 8N I1 54 01 8N I1 54 01 8N I1 54 0 N R773G R773G R773G R773G R G 5 77 IW . . .% IW . . .% IW . . .% IW . . .% IW ..

A A A A A N A5 37 38 +N A5 37 38 +N A5 37 38 +N A5 37 368 +N A5 37 3 Y Y Y Y Y E D5 00 36 1E D5 00 36 1E D5 00 36 1E D5 00 36 1E D5 00 3 S S S S S E E E E E A. . 2A. . 2A. . 2A. . 72A. .

R % R % R % R % R N06. N06. N06. N06. N06 S I4 04 0+ 0S I4 04 0+ 0S I4 04 0+ 0S I4 04 0+ 0S I 00 M M M M 8M44 0P489 0P489 0P489 0P48 489 M IP. . . M IO. . . M IO. . . M IO. . . M IO 9N. .

N N N N O038 % W % W % W % W T T 038 T 038 T 038 T 03 D W E2 E2 E2 E2 02 5+ 9D 02 5+ 9D 02 5+ 9D 02 5+ 9D 02 5 P 2 P P P P C IE C IR C IR C IR 10C IR 689 689 689 689 68 U U U U U A A A A A R. . .%. . .%. . .%. . .%. .

L152N L152N L1511 L15 N 152N 2N L L000L T000L T000L T000L T00 J66+J J66+J J66+J J6612 +J J66 J D T D D D T398T 398 398T398T39 A A A A A D % . % . % . % . ... ... ... ... ..

D . D D D 13D I922L I 922L I 922L I 922L I 92 L . 501. 501. 501. 501. 50 D 11+D11+D 11+D1114 +D11 N L127N L127N L127N L127N L12 L % L L % L % L . O31 O31. O31.% O31. O3115 F . .

3 F . .

3 F . .

3 F . .

3 IY IY IY IY F I. .

472 472 472 472Y47 R D00 R D00 R D00 R D00 R D00 L L L L L R % R % R % R % R T T T T I I I I T I D G .A

D G .A

D G .A

D G .A

D G .A

I

I

I

I

I

J ECLERX J J 1811.00 SERVICES KAVERI SEED CO. 383.85

1487.30

EABB E INDIA E

1187.20

1118.50

JUST DIAL

916.60

864.00

KPIT TECHNOLOGIES TITAN CO.

173.60

167.55

363.40

351.45

JUBILANT LIFE SCIENC BOSCH LTD.

427.90

414.50

18805.15

18210.0

-17.87 % 346.80 -9.65 % -5.79 % -5.55 % -3.49 % -3.29 % -3.13 % -3.16 %

GUJRAT PIPAVAV 150.40 PORT EMEMI LTD. 1004.85

146.00

M&M

1255.65

-2.93 % 975.65 -2.91 %

1289.05

-2.59 % JK LAKSHMI 335.45 CEMENT NIIT 597.90 TECHNOLOGIES RAJESH EXPORT 681.60

329.50 -1.77 % 588.85 676.00

-1.51 % -0.82 %

LTD.

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION) T T T T T O O O O O N N

NSE CASH

N

N

N

IOC IS IN UPTREND AND IS EXPECTED TO GO FURTHER UPTO THE LEVEL OF 470. LONG POSITION CAN BE

MADE ABOVE 435 FOR TGT AND SL OF 470 AND 421 RESPECTIVELY.

LONG POSITION CAN BE MADE IN JETAIRWAYS ABOVE 775 FOR TGT AND SL OF 835 AND 740 RESPECTIVELY.

DEN HAS BROKEN RESISTENCE OF 110 ON DAILY CHARTS AND MAY TOUCH THE LEVELS OF 125.LONG

POSITIONS CAN BE MADE ABOVE 115 FOR TGT AND SL OF 124 AND 111.50

RESPECTIVELY.

TVSMOTORS HAS CORRECTED IN LAST TWO TREADING SESSIONS AND TREADING NEAR

E11- E11- E11- E11- E11 C841C841C841C841C84 L187L187L187L187L18 E17. E17. E17. E17. E17 R1 .1 . -8A R1 .1 . -8A R1 .1 . -8A R1 .1 . -8A R1 .1 .

A X1 01 35 7B X1 01 35 7B X1 01 35 7B X1 01 35 7B X1 01 3 B 01 0. B8 01 0. B8 01 0. B8 01 0. B8 01 0 B8 S787 % S787 % S787 % S787 % S78 IE K.1.19 - IE K.1.19 - IE K.1.19 - IE K.1.19 - IE K.1.1 R R R R R N P2 75 63N P2 75 63N P2 75 63N P2 75 63N P2 75 6 V V V V V D I0 30 7% .D I0 30 7% .D I0 30 7% .D I0 30 7% .D I0 30 7 IT. . 4IT. . 4IT. . 4IT. . 4IT. .

C659A C659A C659A C659A C65 A J44- J44- J44- J44- J44 E T2 01 53E T2 01 53E T2 01 53E T2 01 53E T2 01 5 U U U U U S S S S S E74.% E74.% E74.% E74.% E74 B B B B B IC. . 1IC. . 1IC. . 1IC. . 1IC. .

H1 H1 H1 H1 H1 L 91 5-3G L 91 5-3G L 91 5-3G L 91 5-3G L 91 5 G N5 N5 N5 N5 N5 A 04 02U A 04 02U A 04 02U A 04 02U A 04 0 U O06.% O06.% O06.% O06.% O06 N N N N N J J J J J L. . 9R L. . 9R L. . 9R L. . 9R L. .

T T T T T R O403A O 03A O 03A O 03A O0 A M 11- M4 11- M4 11- M4 11- M4 11 G00 T G00 T G00 T G00 T G00 L T &222L &222L &222L &222L &22 IM I I I I % % % % 85. M85. M85. M85. M85 E E E E E F P955F P955F P955F P955F P95 S IE S IE S IE S IE S IE .5 . -9N5 .5 . -9N5 .5 . -9N5 .5 . -9N5 .5 .

N5 08 61IP9 08 61IP9 08 61IP9 08 61IP9 08 6 IP9 S S S S S 58 5.% 58 5.% 58 5.% 58 5.% 58 5 IA7 IA7 IA7 IA7 IA7 C C C C C V. . 5T V. . 5T V. . 5T V. . 5T V. .

T IA IA IA IA IA 981 981 981 981 98 E V05 E V05 E V05 E V05 E V05 T T T T T N N N N N E % E % E % E % E C C C C P C P C P C P C P C C O H O H O H O H O H R N R N R N R N R N T O T O T O T O T O L L L L L O O O O O G G G G G I I I I I E E E E E S S S S S

SUPPORT LEVELS,

A PULLBACK RALLY IS EXPECTED ON BREAKOUT OF THE LEVEL OF

292,LONG POSITION CAN BE MADE

ABOVE 292 FOR TGT AND SL OF 315 AND 283.

LONG POSITION CAN BE MADE IN RCOM ABOVE 92 FOR TGT AND SL OF 99 AND 89 RESPECTIVELY.

NSE FUTURE INDIACEMNT MOVES IN BULLISH TREND ON DAILY CHART OF IT IT MOVE IN UPWARD DIRECTION WE CAN

MADE LONG POSITION IN INDIACEMENT FUTURE ABOVE 101 TGT

111 SL 98.

WE CAN MADE LONG POSITION IN IOC FUTURE ABOVE 437 TGT 460 SL 430.

A STRONG RESISTANCE LEVEL SHOWS ON DAILY CHART OF BHARTIAIRTEL WE CAN EXPECT FURTHER UDSIDE DIRECTION MOVEMENT IN BHARTIAIRTEL FUTURE ABOVE 345 TGT 360 SL 338.

MOTHERSUMI MOVES IN BULLISH TREND WE CAN EXPECT FURHER UPWARD RALLY IN MOTHERSUMI ABOBE 299 TGT 315 SL 290.

WE CAN EXPECT 10%UPWARD MOVEMNET IN KSCL IT CAN SHOWS UPWARD RALLY ON DAILY CHART WE CAN MADE LONG POSITION IN IT ABOVE 365 TGT 400 SL 355.

NSE - WEEKLY NEWS LETTERS TOP NEWS OF THE WEEK

India did well despite global economic turmoil: FM - : Finance Minister Arun Jaitley dismissed grumblings about the economy not having taken off as "cynicism -- a way of life in India", according to reports. Looking back at 2015, Jaitley said that India has been the bright spot with growth prospects of 7-7.5 per cent despite global slowdown. India has responded well to the challenge posed by the slowdown in global economy, Jaitley added. "As the year ends, I look back with a sense of great satisfaction," Jaitley reportedly said.

Petroleum products to be out of GST for now: Arvind Subramanian - : Chief Economic Advisor Arvind Subramanian reportedly said that Petrol and other petroleum products would not be brought under the GST regime for some time after its roll out.

"Constitutionally petrol and other petroleum products will be within the GST system. But it would be out of the GST dispensation after its implementation for some time", Subramanian was quoted as saying. Arvind Subramanian added that GST council would decide for how long these products would be out of the new taxation regime, says report.

World Bank may revise India’s growth forecast: Kaushik Basu - : World Bank chief economist Kaushik Basu reportedly said that the bank may revise its GDP growth projection for India, “There could be some changes in the January review of India‟s growth forecast,” Basu added. Kaushik Basu reported that decision-making and reforms can have an impact in terms of growth rate. Until October, the World Bank retained India‟s growth forecast at 7.5 per cent for 2015-16. Basu added that the general mood had been positive, which helped the investment climate.

Bad year for Bank Sotocks ! 35 banks stocks offered Negative return in 2015 - : Despite the multiple rate cuts by the Reserve Bank of India during the year, bank stocks brunt on the Dalal street. Bad loans, stressed assets quality, poor credit growth and depriciating rupee added to banks woes in 2015. Both the public sector and private sector lenders saw their stock prices falling. Out of 24 PSB Banks Only one PSB bank reported the gain in CY 2015. On the other hand, among the 16 private banks only 4 banks stocks rose.

DLF Promoters to sell 40% stake in Cyber City - : DLF Ltd. reportedly said that its promoters will sell 40% stake In Cyber City to Private Unlisted Investors. The company stated that DT Cinemas deal is pending for CCI Nod. The company concluded GIC Stake sale last week. DLF Ltd is currently trading at Rs. 115.2, up by Rs. 0.2 or 0.17% from its previous closing of Rs. 115 on the BSE. The current market cap of the company is Rs. 20505.95 crore. The promoters holding in the company stood at 74.86 % while Institutions and Non-Institutions held 19.84 % and 5.3 % respectively. The stock is currently trading above its 200 DMA.

Government in process of granting transmission connectivity to 20 power plants - : The government is in the process of granting electricity transmission connectivity to 20 power plants with a generation capacity of 11,000 MW, For easing coal and gas availability, revival of state distribution companies, expediting project clearances and a push to renewable energy. About 20 applications for a quantum of about 11,000 MW for transmission connectivity are under process and are likely to be granted soon. The quantum of applications granted during 2013 and 2014 were only of the order of 1,300 MW and 1,450 MW respectively. However, during the current year, connectivity for 5,500 MW has already been granted," a government official said

The DIIs outpaced FIIs on D-Street in 2015 - : The biggest story about the domestic equity market from calendar 2015 is the waning clout of foreign portfolio investors and increased muscle power of domestic institutional investors.This year, when FPI investment in domestic equities fell to a little over Rs 16,000 crore, from a three-year annual average of $15 billion, the DIIs played the real market driver, pumping in well over Rs 60,000 crore. DIIs continued even when the domestic equity market turned lacklustre, and filled in the gap created by the FPI exit. According to some estimates, domestic Institutional investors has pumped something 66,000 Crore in the market in FY15.

DLF receives Rs.1992 Cr from GIC for two projects in Delhi - : Realty major DLF said, DLF Urban Pvt Ltd and DLF Midtown Pvt Ltd ceased to be its subsidiaries following the Rs 1,992-crore investment by Singapore's sovereign wealth fund GIC in the two up coming projects in the national capital.

Rising FDI in 2016 can push India to 9% plus growth path - : Even before US Fed hiked the key rates, there was a rush to exit Indian markets by some FII, which resulted in a sharp outflow of hot money from India in Sep-Dec quarter of 2015. But same is not the case with long term money in form of Foreign Direct Investment. Infact, India has seen maximum FDI in the world in last one and a half year. When compared to the world figures of a fall of 16%, FDI in India has grown by 35%. Most of these investments are coming in sectors like manufacturing, consumer goods, logistics, food processing, etc.

GST not the only reform measure to shore up growth: Govt - : Looking at the efforts put in sectors like roads, power, banking and agriculture, the Union Budget 2016-17 would comprise of the highlights of work done in such sectors that would buoy economic growth, instead of falling back only on the Goods and Services Tax , which did not meet with approval this year in the Parliament, as per government officials. The forthcoming Budget is likely to underscore governmentâ€&#x;s achievements with respect to reforms such as discom restructuring scheme, bank recapitalisation and the related Indradhanush scheme, improvements in road construction and fiscal consolidation, as per the reports.

Global economy, private investment will continue to pose challenges: Arun Jaitley :Finance Minister Arun Jaitley reportedly said that Subdued global economy and moderate private sector investment will continue to pose challenge in the next year, The Finance Ministry in its mid-year economic analysis lowered the GDP growth forecast to 7-7.5 per cent from 8.1-8.5 per cent. Jaitley reported that the global growth can be an engine which unfortunately are not doing well.

Global growth will be disappointing in 2016: IMF - Global economic growth will be "disappointing" next year, the head of the IMF Christine Lagarde said. She said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty. The growth in global trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, Lagarde stated. "All of that means global growth will be disappointing and in 2016," Lagarde said. The US Fed hiked interest rates for the first time in nearly a decade earlier this month.

RBI: Applicable Average base rate to be 9.45% for credit by NBFC-MFIs - The Reserve Bank of India has advised that the applicable rate for credit by NBFC-MFIs for

the quarter beginning January 01, 2016 is 9.45 per cent. It may be recalled that the Reserve Bank had, in its circular dated February 7, 2014 issued to NBFC-MFIs, communicated that it will advise the average of the base rates of the five largest commercial banks on the last working day of every quarter, for the purpose of arriving at the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter.

Smooth rollover on last day…Nifty, Sensex shut near day’s high - The Indian equity market ended the last trading session of the calendar year on a high with the NSE Nifty closing above 7900 mark while Sensex closed above the 26000 levels. Realty, telecom, utilities, IT and energy stocks led the rally. The mid-cap and the small-cap stocks continued to shine. On the other hand, consumer durables, banking and healthcare stocks were among the major losers.

Jet Airways, Godrej Consumer Products, Container Corp, Torrent Pharma to enter F&O segment - Jet Airways, Godrej Consumer Products, Container Corporation and Torrent Pharma will be introduced in the future & option segment from Friday. The stock will be the part of the derivatives segment on the NSE.

April-November fiscal deficit stood at Rs. 4.83 lakh crore - April-November fiscal deficit stood at Rs. 4.83 lakh crore, according to Government data. Govenment data says that the april-November tax Receipts is at Rs. 4.65 Lakh crore. Apr-November Non-plan spend stood at Rs. 8.44 lk crore, while total spend is at Rs. 11.42 Lk crore. The AprilNovember Non-tax Revevenue is at Rs. 1.73 Lakh crore, 78.1%.

India’s External Debt at Sept-end 2015 stood at US$ 483.2 billion - According to report released on India‟s External Debt as at end-September 2015, by the Department of Economic Affairs, Ministry of Finance, Government of India, at end-September 2015, India‟s external debt stock stood at US$ 483.2 billion, recording an increase of US$ 8.0 billion (1.7 per cent) over the level at end-March 2015. The rise in external debt during the period was due to long-term external debt particularly commercial borrowings and NRI deposits. However, on a sequential basis, total external debt at end-September 2015 declined by US$ 291 million from the end-June 2015 level.

India’s exports to $900 bn by 2020 looks very distant - Every time the government releases trade data, the Narendra Modi government's ambitious target of doubling India‟s

exports to $900 billion by 2020 looks more distant. India's exports fell 16 per cent in the 12 months ended November. The contraction in volume has been largely because of a drop in export of goods, while services exports by and large remain robust. Goods exports comprise about two-thirds of India's total exports. While three-fourths of the decline in India's exports was attributed to a drop in shipment of crude oil, crude derivatives and agro-commodities in line with the fall in the prices of these commodities, sluggish global demand conditions too have led to a significant drop in volumes.

Indian PE investment deals hit all-time high; cross $21 bn milestone in 2015 - In a first, private equity inflow of $21 bn for the full year of 2015 surpassed the previous high of $18 billion seen in 2007. Compared to the $12.5 billion invested in 2014, the inflow in 2015 is up nearly 67%. The data excludes Real Estate and Venture debt.

TOP ECONOMY NEWS TRAI is likely to announce final Net Neutrality Norms by Early 2016.

Petrol and other petroleum products would not be brought under the GST regime for some time after its roll out, according to chief economic advisor Arvind Subramaniam.

Gold imports shrank 36.5% in November on the back of falling prices of the yellow metal.

The road transport and highways ministry has lined up projects worth Rs. 50,000 crore to be awarded under public-private partnership model in FY17.

Finance Minister Arun Jaitley dismissed grumblings about the economy not having taken off as "cynicism -- a way of life in India", according to reports. Looking back at 2015, Jaitley said that India has been the bright spot with growth prospects of 7-7.5 per cent despite global slowdown.India has responded well to the challenge posed by the slowdown in global economy, Jaitley added.

With its key economic reform measure – the Constitution Amendment Bill for the Goods and Services Tax yet to be cleared by Parliament – the Centre is working on a Plan B for the Union Budget 2016-17 that would highlight efforts made in other sectors to lift

economic growth.

Union Civil Aviation Minister Ashok Gajapathi Raju has said the new civil aviation policy is in the final stage of approval and will be announced by early next year.

The Centre is hopeful of getting at least 21 states on board for Ujwal Discom Assurance Yojana reforms for state-owned power distribution companies before March 2016.

Rolling out GST regime is "certainly" doable in 2016, Finance Minister Arun Jaitley reportedly said, while adding that he is in "continuous touch" with the Congress party in a bid to persuade them to cooperate.

The Railways, the largest consumer of diesel in the country, is weighing the option of saving on fuel costs by importing crude for captive use.

To revive the private sector‟s interest in power generation projects, the Ministry of Power released draft guidelines for awarding imported coal-based 4,000 MW Ultra Mega Power Projects.

Government calls off fourth round of coal block auctions, kept aside for auction to the steel, iron and aluminium industries, as it received low bids.

A Finance Ministry official said that fiscal deficit target for FY17 'challenging' as revenue from disinvestment might be well short of target.

To meet its target of scaling up solar power capacity addition, the Cabinet Committee of Economic Affairs has increased the financial assistance for grid-connected rooftop and small solar power plants programme from Rs. 600cr to Rs. 5,000cr.

The Centre has stitched together an Amended Technology Upgradation Fund Scheme that will give a boost to „Make in India‟ in the textiles sector by attracting investments of Rs. 1-lakh crore and creating over 30 lakh jobs.

In absence of a pickup in both demand and investments by private sector, the government is under pressure to take action to revive India‟s economic growth. For this, it is looking

to revitalize the Public-Private Partnership projects by doing away with its one-size-fitsall approach.

Coming soon, an independent regulator for the Indian Railways that will be empowered to set fares.

India's core sector contracted 1.3% in November after expanding for six straight months.

Fiscal deficit at the end of November was 87% of the target for FY16.

Petrol and diesel prices have been slashed by 63 paise a litre and 1.06 a litre respectively.

The Reserve Bank of India has tightened norms for banks lending to overseas subsidiaries of Indian companies by raising the provisions substantially against these loans.

Non-food credit of scheduled commercial banks slowed down to 8.8% in November as against an increase of 10.5% in the same period last year.

SEBI has proposed that non-institutional and retail investors should be allocated a minimum of 25 per cent in a public issue of real estate investment trust units and qualified institutional buyers , with a maximum of 75 per cent.

TOP CORPORATE NEWS GAIL India will take 5% stake in the international consortium building the US$8.7bn Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.

Drug major Sun Pharmaceutical Industries has raised Rs 1,000 crore through issuance of non-convertible debentures on private placement basis.

Tata Consultancy Services negotiated with Dell to buy its information technology management business Perot Systems, but a disagreement over price resulted in the talks falling through, two people directly aware of the discussions said.

As part of its Christmas and New Year offering, premier international airline, Jet Airways, has announced special attractive festive fares for its guests travelling on the airline‟s global network.

Almost 13 years after it first made splashes by foraying into the telecom space with its CDMA services, Mukesh Ambani-led Reliance Industries on Sunday heralded its second coming with the nationwide soft-launch of its 4G mobile services via its subsidiary Reliance Jio Infocomm.

Biocon announced introduction of an advanced novel therapy for the treatment of Hepatitis C in India – CIMIVIR-L.

Blackstone, Birla Corp and Baring Private Equity Asia are in the final race to acquire the cement business of Anil Ambani's Reliance Infrastructure.

Multiplex chain PVR Ltd. plans to open more screens in south India, taking advantage of a growing number of malls in the region and a vibrant multi-lingual regional film industry.

Suzlon’s S97 2.1MW prototype turbine with a hybrid tower in Gujarat has achieved 35 per cent plant load factor in the last 12 months

Steel Strips Wheels has bagged order from Mahindra Tractors for supply to domestic market, the auto component manufacturer informed in a BSE filing.

Drug major Lupin has received US health regulator‟s approval to market Fyavolv tablets, used to treat postmenopausal osteoporosis, in the American market.

Adani Ports and Special Economic Zone Monday said it has appointed Karan Adani as its chief executive officer. It added the board has accepted the resignation of its erstwhile CEO Sudipta Bhattacharya.

India's second-largest IT company Infosys Ltd. would formally inaugurate its campus at Pocharam here in February, Telangana Information Technology Minister K T Rama Rao said today.

National Buildings Construction Corporation Ltd has announced that Nabinagar Power Generating Company Pvt. Ltd. awarded the work of Permanent Township Package for Nabinagar Super Thermal Power Project to the Company for Rs. 328.08 crs.

Infrastructure finance company PTC India Financial Services today said it has sanctioned fresh loans of Rs 825 crore to expand its renewable energy portfolio.

Bharti Airtel has bought a 74% stake in Augere Wireless Broadband India, consolidating its 4G footprint ahead of the launch of similar high speed broadband services by Reliance Jio Infocomm.

Suven Life Sciences Ltd has obtained two products patents, one each from Europe and Macau, for its New Chemical Entities for the treatment of neurodegenerative diseases.

Tata Power today said it has refinanced Rs. 3,864 crore loans for its 4,000-MW Mundra ultra mega power project in Gujarat which will help the plant save around Rs. 77 crore a year in interest cost.

United Spirits will seek shareholdersâ€&#x; nod to report sick to the Board of Industrial and Financial Reconstruction as its accumulated losses as on March 31, touched 86% of peak net worth during the past four financial years.

In a senior management rejig, diversified group ITC has elevated chief operating officer of its hotels division, Dipak Haksar, as the Chief Executive of ITC Hotels.

Reliance is in talks with various BPO companies to outsource call centre and other support work for its Jio operations.

Essar Oil has completed the share buyback for its much-delayed delisting, making way for its planned stake sale to Russian energy major OAO Rosneft.

IDFC Bank plans to convert Rs. 350cr of loan into equity in Lanco Infra.

GIC Housing Finance will acquire up to 16% stake in LIC Nomura Mutual Fund Asset

Management Company for Rs. 22.7cr.

RCom and Aircel to pare debt to Rs. 20,000cr ahead of merger.

USFDA warns Cadila Healthcare about quality of two plants.

TOP BANKING AND FINANCIAL NEWS OF THE WEEK DCB Bank , M2P launches mobile wallet services YAP DCB Bank and M2P , a digital payments solutions company, have jointly launched a new platform YAP for wallet services.

Reserve Bank of India Said to Banks focus on last mile delivery for Inclusion In order to promote financial inclusion, banks should look beyond traditional business model and go for mobile technology for 'last mile' service delivery, a Reserve Bank panel said on monday.

With deposit rates softening, HDFC Bank has pared its base rate or the minimum lending rate marginally, from 9.35% to 9.30%.

As the burden of bad loans turned worse for banks in 2015 especially the state-run players, they are betting big on the seven-point „Indradhanush‟ reforms to bounce back in the New Year and expect more steps from the government and the RBI to clean up their books.

RBI nudging banks to furnish potential NPAs Banks may soon be asked to provide – set aside funds – for potential non-performing assets and weak assets, sources aware of the development said.

Housing Development Finance Corporation has sold its 2.12 per cent stake in healthcare firm Indraprastha Medical Corporation. the company said in a filing to the BSE.

IDBI Bank gets Rs 2,229 crore capital infusion from government Public sector lender

IDBI Bank today said the government has infused Rs 2,229 crore into the bank in lieu of preferential allotment of shares.

The Competition Commission has approved the state-run Union Bank of India's proposed acquisition of 49 per cent stake in Union KBC Asset Management Company.

In a step that would facilitate expansion of trade and investment partnership including oil payments amid the easing of international sanctions from Iran, Delhi and Tehran have decided to open branches of each other's banks in each other's country.

IDBI Bank mobilised Rs. 1,000 crore through issue of Basel III Compliant Tier 2 bonds on private placement basis to strengthen Bank's capital adequacy.

As a New Year begins, it's not a clean slate for the banks with balance sheets full of red ink due to huge bad loans worth about USD 60 billion and a serious clean- up job is a must in 2016 with the RBI having set a deadline.

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