TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) Today nifty future and bank nifty future future open at 7965 / 17194 and made high of 8059 / 17642 and low of 7954 / 17090. Overall todays trend of nifty and bank nifty is bullish trnd. Nifty fture and bank nifty future close at 7965 / 17370. We can make long postion in nifty future and bank nifty future. It conitnue in bearish trend above the level of 7992 in nifty and 17387 in bank nifty. According to technical analysis if nifty futures and bank nifty future moves up trend in tomorrow treading session then 8064 will be small resistance for nifty futures and 17644 for bank nifty futures. If it break this level then then nifty futures can go to 8152 level and bank nifty futures can touch 18107 level in next few days. It will be hard resistance for nifty futures and bank nifty futures. Meanwhile in down trend there is small support on 7907 for nifty futures and 17092 for bank nifty futures after breaking this level with volume nifty will take support on 7822 level and bank nifty futures can touch level of 16367 .
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY
R2 8307
R1 8097
PP 8031
S1 7926
S2 7887
WEEKLY
R2 8811
R1 8223
PP 7929
S1 7635
S2 7047
MONTHLY
R2 9363
R1 8361
PP 7860
S1 7359
S2 6357
DAILY
R2 19023
R1 17919
PP 17367
S1 16815
S2 15711
WEEKLY
R2 20538
R1 18298
PP 17178
S1 16058
S2 13818
MONTHLY
R2 22482
R1 18784
PP 16935
S1 15086
S2 11388
BANK NIFTY
MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY
7856
8233
8256
8418
BANK NIFTY
16800
17931
18032
18474
PARABOLIC SAR
DAILY
WEEKLY
MONTHLY
NIFTY BANK NIFTY
7631 16044
8532 18868
8874 20650
NSE EQUITY DAILY LEVELS COMPANY NAME
R3
R2
R1
PP
S1
S2
S3
ACC
EQ
1489
1423
1382
1357
1316
1292
1228
ALBK 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
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 EQ
85 230 873 512 2311 191 142 218 369 725 366 134 4443 316 3571 1004 1210 1046 2424 81 866 280 330 885 1171 916 666 1628 1197 42185 4258 249 139 63 357 885 361 41 242 104 941 352 65 245 172
81 221 741 491 2259 181 135 212 358 691 355 125 4628 301 3471 975 1177 1020 2359 78 848 269 323 859 1127 868 637 1584 1156 40584 4170 238 132 61 337 861 344 38 234 99 904 338 61 233 164
78 216 727 479 2231 177 132 209 354 670 351 120 4161 290 3419 958 1159 1008 2324 76 839 263 319 850 1100 843 621 1559 1131 39517 4112 232 128 59 330 848 332 37 229 96 880 330 58 226 160
77 213 809 471 2207 171 129 206 348 658 344 116 4093 285 3371 947 1145 994 2295 74 831 259 317 833 1083 819 608 1539 1116 38983 4081 226 125 58 317 836 326 36 226 94 866 323 57 221 156
74 211 795 458 2180 167 125 203 343 637 341 111 3986 275 3319 930 1127 982 2260 72 821 253 312 824 1056 795 592 1514 1090 37916 4024 220 121 56 310 823 315 34 222 91 843 315 55 214 152
72 206 777 450 2155 161 122 200 337 625 334 106 3918 269 3271 919 1113 968 2230 71 813 248 310 807 1039 771 578 1494 1075 37382 3993 215 118 55 297 812 308 33 219 89 829 308 53 209 148
67 196 731 427 2087 152 116 195 326 597 324 97 3832 254 3189 895 1083 944 2179 68 798 239 304 783 1002 739 559 1457 1042 37112 3922 209 111 54 281 796 296 31 213 86 793 292 49 196 142
SBIN SSLT( VEDL) SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK
TOP 15 ACHIEVERS SCRIPT NAME
PREV CLOSE
CMP
VENKY INDIA LTD KIRLOSKAR OIL ENGI
414.85 272.95
514.30 336.75
SANGAM INDIA LTD RCOM
223.70 55.75
271.30 66.40
BALRAMPUR CHINI WOCKHARDT LTD
44.25 1187.10
SR.NO
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
// % CHANGE
SR.NO
+23.97
1
+23.37
2
+21.28
3
+19.10
TOP 15 LOOSERS SCRIPT NAME
PREV CLOSE
CMP
% CHANGE
RAJESH EXPORT LTD EMAMI LTD
461.85 1223.15
401.55 1095.80
-13.06 -10.41
4
BHARATFORG PC JEWELLER LTD
1021.85 390.65
925.60 355.55
-9.42 -8.99
+15.93 51.30 1364.25 +14.92
5
PHARAMA
6
SUN TV
1534.40 376.25
1416.90 -7.66 348.05 -7.50
+14.15
7
SE INVESTMENT CITY UNION BANK
273.35 74.70
253.35 88.05
-7.32 -7.02
MUTHOOT FINANCE ALSTOME T&D INDIA
165.10 539.60
154.45 511.70
-6.45 -5.17
VOLTAS LTD 262.70 VIDEOCON INDUS 143.20
251.05 137.45
-4.43 -4-03
J& K BANK M&M FINANCE
9390 245.80
90.30 236.80
-3.83 -3.66
TEXMO RAIIL& ENGIN
106.05
102.50
-3.35
KEC INTERNATIONAL 131.05 ADANI ENTERPRISES 68.40
149.60 77.95
JUST DIAL VAKRANGEE
826.05 107.90
938.05 122.15
AMARA RAJA BATT BATA INDIA
901.70 1012.65
+13.96
8
+13.56
9
+13.21
10
+12.70 1016.20 1140.65 +12.65
11 12
+12.54
13
+12.09
14
+11.73
15
NCC RPOWER
59.00 36.40
6.40 40.80
JSW ENERGY
74.15
82.85
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION ) 1.
DISHTV FUTURE : DISH TV FUTURE OPEN AT 109.15 CLOSE AT 109.20 MADE HIGH OF 110.70 AND LOW OF 108.50. ON DAILY CHART OF DISHTV FUTURE RESISTANCE BREAK AT THE LEVEL OF 110 WE CAN MADE LONG POSITION ABOVE 110.70 AND TARGET WILL WE 115 AND SL WILL BE 108.
2.
ZEEL FUTURE : ZEEL FUTURE OPEN AT 398.20 AND CLOSE AT 399 MADE HIGH OF 407 AND LOW OF 396.10. ON DAILY CHART OF ZEEL FUTURE STRONG RESISTANCE LEVEL OF 395 ARE BREAK WE CAN MADE LONG POSTION IN ZEEL ABOVE THE LEVEL OF 399 TGT WILL BE 410 AND SL WILL WE 394.
3.
HINDPETRO FUTURE : HINDPETRO OPEN AT 766 AND CLOSE AT 761.60 MADE HIGH OF 782.40 AND LOW OF 755.55.ON DAILY CHART OF HINDPETRO MACD GIVES LOWER SIDE MOVEMENT WE CAN MADE SHORT POSITION IN HINDPETRO FUTURE BELOW THE LEVEL OF TODAYS CLOSE OF 761.60 TGT WILL BE 740 AND SL 772.
4.
BANK BARODA FUTURE : BANK BARODA FUTURE OPEN AT 185.10 AND CLOOSE AT 189.90 MADE HIGH OF 191.65 AND LOW OF 184.30 ON DAILY CHART OF BANK BARODA
BOLLINGER BAND MIDDLE BAND WILL BE BREAK TGT WILL WE THE UPPER BAND>WE CAN MADE LONG POSTION IN BANKBARODA FUTURE FROM THE LEVEL OF 190 TGT WILL BE 198 SL WILL WE 185. 5.
YES BANK FUTURE : YES BANK OPEN AT 766.95 AND CLOSE AT 772.95 MADE LOW OF 766.40 AND HIGH OF 778 TODAY TREND OF YES BANK IS IN BULLISH TREND ON DAILY CHART IT ALSO MOVES IN BULLISH TREND. WE CAN MADE LONG POSTION IN YES BANK TARGET WILL BE 800 SL WILL BE 750.
6.
JKTYRE : BUY JKTYRE ABOVE 104.50 TGT 108 SL 100.50.
7.
YES BANK : BUY YESBANK ABOVE 780 TGT 820 SL 755.
8.
GAIL : SELL GAIL BELOW 285 TGT 272 SL 299.25
9.
HAVELS : SELL HAVELS BELOW 250 TGT 240 SL 262.50
10. HEXAWARE : SELL HEXAWARE BELOW 235 TGT 205 SL 246.75
NSE - WEEKLY NEWS LETTERS TOP NEWS OF THE WEEK ✍ Hero Cycles to acquire rival Firefox Bikes - Hero Cycles has acquired rival Firefox Bikes in an all cash deal, the company announced on Thursday. The deal includes Firefox brand of cycles, accessories and spares along with exclusive distribution rights of ‘Trek’ and other global brands. Post the acquisition, Firefox Bikes will continue to remain a separate business entity with a distinct brand. Firefox has a network of 160 outlets across India and has been growing its revenue at a 3-year CAGR of 35%. “Through this acquisition, Hero Cycles will further expand its presence in all major categories of bicycles in India through its various brands such as Hero Cycles, UT, Firefox and UT Edge," said Pankaj Munjal, Chairman & MD, Hero Cycles. Hero Cycles will also expand the number of Firefox stores in India at a rate of 25% from the existing 160 stores. ✍ Jet Airways climbs 1% on raising capital - Shares of Jet Airways ended higher by 1% to Rs. 336 after the company has raised USD80mn through a joint mop-up exercise with its partner Etihad. The funds are a part of the $500 million that Etihad raised along with its equity partners Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways. The scrip opened at Rs. 338.25 and has touched a high and low of Rs. 338.45 and Rs. 334.5 respectively. So far 147033 shares were traded on the counter. The current market cap of the company is Rs. 3764.7 crore. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 543.5 on 02-Feb-2015 and a 52 week low of Rs. 203 on 26-Sep-2014. Last one week high and low of the scrip stood at Rs. 351.25 and Rs. 301.65 respectively. The promoters holding in the company stood at 51 % while Institutions and Non-Institutions held 15.46 % and 33.54 % respectively. ✍ India's edible oil import bill to touch US$14bn - India's annual edible oil import bill will rise by 14% to ~US$14bn owing to a second consecutive drought, industry body ASSOCHAM said on Thursday. India is the world’s biggest buyer of edible oil, which is the third-biggest import item after crude oil and gold. The country imports more than half of its edible oil requirements in the form of palm oil from Malaysia and Indonesia, and soya oil from Brazil and Argentina. Monsoon rains were ~12% below normal in 2014 and the forecast is for a similar shortfall this year as well. “Vegetable oils imports would reach ~US$14bn for FY16 which was actually ~US$10bn last year,” D.S. Rawat, secretary general of ASSOCHAM, said in a statement. Edible oil imports were worth US$7.2bn in the fiscal year ending March 2014.
✍ SEBI to meet ratings agencies to get the real corporate picture - The Securities and Exchange Board of India is to hold a meeting with the seven credit ratings companies including Crisil, ICRA, Care Ratings and India Ratings on Wednesday. The agenda of the meet is to discuss the ways in which credit profile changes impact the corporate bond market and the mutual fund industry Companies like Jindal Steel & Power and Amtek Auto have been downgraded in the recently. This has brewed trouble for the bond players in the market. Sebi’s attempt to gain an insight into the industry so as to get a realistic picture of the corporate sector is natural, since mutual funds subscribe to corporate bonds, as per reports. While Sebi has asked fund houses about their exposure to corporate bonds, the market regulator is also prying into the ratings processes of the agencies, given the recent downgrade of two large manufacturing companies, as per the market regulator. The upwardly moving rating raises the bond prices and lowers yield of the bond. However, with the ratings being downgraded, bond prices get abated while the bond yield jumps up, said reports. ✍ Cabinet approves Rs. 2,600 crore infusion in India Infrastructure Finance - The Union Cabinet chaired by the Prime Minister Narendra Modi, has given its ex-post facto approval to the capital infusion of Rs. 2600 crore made in India Infrastructure Finance Company Ltd. . During 2007-08 to 2012-13, as approved in the Demand for grants to support the future growth of the company. The capital infusion was made as approved in the Demands for Grants and consented by the Finance Minister to support the future growth of the company. Background: IIFCL, a wholly owned Government of India company, was, incorporated on January 5, 2006 under the Companies Act, 1956 with an authorized share capital of Rs. 1000 crore. It commenced its, operations from April 2006. IIFCL was mandated to provide long term debt to viable' infrastructure projects in terms of the Scheme for Financing Viable Infrastructure Projects through IIFCL. ✍ Crude oil spikes as US supply falls - US crude oil futures jumped by more than 5% on Wednesday after a report showed that US crude inventories fell for the first time in three weeks. October West Texas Intermediate crude rose by US$2.56, or 5.7%, to settle at US$47.15 per barrel on the New York Mercantile Exchange. November Brent crude on London’s ICE Futures exchange gained US$2, or 4.2%, to end at US$49.75 a barrel. Early on Wednesday, the US Energy Information Administration reported a fall of 2.1 million barrels in crude supplies for the week ended Sept. 11. Analysts had forecast a fall of 200,000 barrels. The EIA data also showed that total domestic oil production fell by 18,000 barrels last week to 9.12 million
barrels a day. Output for the lower 48 states was at 8.65 million barrels a day, down 35,000 barrels. ✍ Essar Oil to undertake 30 days refinery shutdown - Essar Oil, which owns and operates India’s second largest single location refinery of 20 MMTPA (405,000 BBL/day) will undertake a planned shutdown of its Vadinar Refinery for ~ 30 days from September 18th to October 17th 2015. During this period, Essar Oil will undertake major maintenance and inspection jobs of all its refinery units and also complete the conversion of the Vacuum Gas Oil Hydroteater unit to Mild Hydrocracker unit . The last such major planned shutdown was taken in Sept/Oct 2011. There will be no production during this period. ✍ Texmaco Rail to acquire Bright Power Projects; ends marginally higher - Shares of Texmaco Rail & Engineering ended 1% higher to Rs. 105 after its Board of Directors has approved acquisition of a majority 76% stake in Bright Power for Rs. 100 crore. The stock is currently trading at Rs. 104.95, down by -0.1 points or -0.1% from its previous closing of Rs. 105.05 on the BSE. The scrip opened at Rs. 107.4 and has touched a high and low of Rs. 114 and Rs. 104.5 respectively. So far 1027991 shares were traded on the counter. The current market cap of the company is Rs. 2206.72 crore. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 171 on 23-Feb-2015 and a 52 week low of Rs. 78.2 on 24-Sep-2014. Last one week high and low of the scrip stood at Rs. 111.1 and Rs. 102.15 respectively. The promoters holding in the company stood at 54.81 % while Institutions and Non-Institutions held 34.33 % and 10.86 % respectively. ✍ Vedanta-Cairn India merger receives BSE, NSE nod - Vedanta Ltd has received approval from BSE and NSE on the proposed merger of Cairn India with itself, according to reports. Report says that the No Objection letters has been issued by the stock exchanges after receiving comments from market regulator Securities and Exchange Board of India . Earlier in June, Vedanta Ltd had announced it will absorb oil firm Cairn India in a USD 2.3 billion all-share deal. ✍ Rupee trades strong; gains limited on persistent dollar demand - Indian rupee after making a weak start recouped most of its losses and was trading strong on Thursday tailing gains of local equities. However, persistent demand for the dollar from importers and bit of negative macro-economic data weighed on the sentiment. On the macro-front, contracting for the ninth month in a row, India's exports plunged 20.66 per cent in August to $21.26 billion,
widening the trade deficit. On the global front, dollar climbed against a basket of currencies on Wednesday, underpinned by lofty U.S. yields after upbeat consumer spending data kept alive expectations the U.S. Federal Reserve would raise interest rates.The rupee is currently trading at 66.33, little changed from its previous close of 66.36 on Tuesday. The currency touched a high and low of 66.34 and 66.50 respectively. ✍ Govt opens FDI route through partly paid shares - Government has permitted foreign investments through partly paid shares and warrants to facilitate FDI in the country, according to reports. “The government has reviewed the provisions of the extant FDI policy,” the Department of Industrial Policy and Promotion said in a notification. DIPP also reportedly said that the nature of these instruments are also of equity and the move would help in attracting FDI. DIPP also clarified that the facility sharing agreements within two group companies will not be treated as real estate business. ✍ Kotak Life Insurance introduces Kotak Premier Pension Plan - Kotak Mahindra Old Mutual Life Insurance announced the launch of Kotak Premier Pension Plan. This is a participating plan that helps one achieve financial stability, financial security and earn a steady income while pursuing an active retired life. Sunil Sharma, appointed actuary and chief risk officer, Kotak Life Insurance said, ''The Life expectancy of Indians is increasing year on year and therefore living longer is a significant risk. Planning for retirement is crucial to ensure an active retired life in today's fast evolving times. Kotak Premier Pension Plan will facilitate retirement planning at an early age in a systematic manner to enable you to manage your longevity risk. Retirement should be about living life to the fullest, and not just confined to taking care of rising medical bills. We believe that early planning for retirement enables customers to pursue their passion, challenge their limits, work for a social cause or learn something new with confidence post retirement.''Kotak Premier Pension Plan has an exclusive advantage of guaranteed additions in the first five years as a percentage of the basic sum assured. For regular and limited premium payment terms, it is 5% per annum and for single premium payment term, it is 2% per annum. ✍ Suzuki Motor Corp to buy back Volkswagen stake - Suzuki Motor Corp is reportedly buying back shares worth $4bn from its shareholder and German auto giant Volkswagen AG. The Japanese automaker will repurchase 122.77 million shares, amounting to nearly $4 billion as per the Wednesday's share price of 3,842.50 yen per share at the Tokyo Stock Exchange. The decision was taken after an international arbitration court last month ordered the German automaker to sell its holding. The details of what Suzuki will do with the shares is still unclear
and the company has not commented on it. � Ashoka Buildcon bags two road projects; closes in red - Shares of Ashoka Buildcon Ltd ended lower to Rs. 162 after the company has bagged two road projects worth Rs4.4bn from Karnataka Road Development Corporation Ltd. The stock is currently trading at Rs. 163.4, up by 0.3 points or 0.18% from its previous closing of Rs. 163.1 on the BSE. The scrip opened at Rs. 164.05 and has touched a high and low of Rs. 166 and Rs. 162.35 respectively. So far 59677 shares were traded on the counter. The current market cap of the company is Rs. 3051.23 crore. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 221 on 15-Jul-2015 and a 52 week low of Rs. 110.05 on 16-Oct-2014. Last one week high and low of the scrip stood at Rs. 173.8 and Rs. 158 respectively. The promoters holding in the company stood at 57.24 % while Institutions and Non-Institutions held 28.85 % and 13.92 % respectively.
Top Economy news Indian industry posted strong growth in July with solid gains in manufacturing. Industrial production rose 4.2% in July, just a shade below the upward revised figure of 4.4% in June, according to data released by the statistics office. Government is expected to extend the interest subsidy scheme for exporters for 3 years to help boost overseas shipments that have been in the negative zone since last December. National Bank for Agriculture and Rural Development financial inclusion training programs have resulted in bank deposits of self-help groups rising by as much as 88% to cross Rs170bn as on March 2015 in India, as against Rs90bn in the previous year. State-run Indian Renewable Energy Development Agency has deferred its plan to raise Rs6bn by issuing tax-free bonds through private placement till the month-end. Illicit trade across seven manufacturing sectors caused a whopping Rs392bn loss to the government exchequer in 2013-14, says a report by FICCI Committee Against Smuggling and Counterfeit Activities Destroying the Economy.
In order to meet future water requirements, especially in smart cities, the Centre will come up with fresh guidelines on saving, storing and recycling it, Union Environment Minister has said. Finance Minister has announced a 20% safeguard duty on imported steel. India’s wholesale inflation remained in the negative territory for the tenth straight month in August at -4.95%. The retail food inflation rose to 2.2% in August versus 2.15% in July mainly on account of supply shortage of onion and pulses. India's urea imports have increased 43% to 3.06 mn tonnes in the first five months of the current financial year. India will in next few days pay Iran US$700mn to clear more than one-tenth of the outstanding oil dues, ahead of the expected lifting of sanctions against Tehran. Aiming to enhance the country's image as a friendly investment destination, the government along with World Bank has released a state-wise report on the ease of doing business - a report in which Gujarat has topped with a score of 71.14%. Contracting for the ninth month in a row, India's exports plunged by 20.66% in August to US$21.26bn, widening the trade deficit. Gold imports rose by 140% to US$4.95bn in the month under review from US$2.06bn in August last year. Ministry of New and Renewable Energy expects Rs360bn public investment forthcoming into setting up of green energy corridors across high density solar-fed states of the country. The government is likely to approve a marginal reduction in the corporation tax rate of up to 1.5% in the Union Budget for 2016-17, while simultaneously setting a sunset date for most open-ended tax benefit schemes for business. The government will allow commercial lumber enterprises and other industries having a sustainable development model to use forestlands, Union Minister for Environment, said at the 10th Confederation of Indian Industry Sustainable Summit. India needs 50-100 basis points of interest rate cut, Arvind Panagariya, a senior government
adviser, said, adding to a growing clamour within the government for further monetary easing to juice up economic growth. Consumer inflation was expected to have slowed to a record-low in August, hit by slack global energy costs and low food prices, a Reuters poll found, likely increasing pressure on the central bank to cut rates at its meeting later this month. Uttar Pradesh expects to sign as many as 40 agreements entailing investments worth of over Rs330bn across diverse sectors, a senior official said. The government is targeting an 8 to 10% annual economic growth through supply-side measures to increase the capacity of Asia's third-largest economy, the junior finance minister Jayant Sinha reportedly said. Jayant Sinha reportedly said that the government had ramped up public investment by 40% this year. RBI Deputy Governor Urjit Patel on Thursday said that the central bank expects India's current account deficit around 1.5% of GDP in the current fiscal year.“This year, our current account deficit would be in the region of 1.5% of GDP,� he said at an event in New Delhi organised by industry body FICCI.For the first quarter ended June, CAD narrowed to 1.2% of GDP at US$6.2bn.On interest rates, Patel said that low inflation over medium-to-long term will help bring down the cost of capital.Retail inflation slipped to a record low of 3.66% in August while WPI inflation fell to a historic low of (-) 4.95%.Patel also said that fiscal deficits of both, the central and state governments also play an important role in the cost of capital as they are the largest borrowers. The Central Government has notified the contributions miners would be required to make to the District Mineral Foundations,. Existing mining lease holders would be required to pay 30% of the applicable royalty to the DMFs while those who win the mining leases in the auctions will be required to pay 10% of the applicable royalty. Prime Minister Narendra Modi has favoured scrapping of the 5/20 eligibility rule that bars Indian carriers from flying overseas until they complete five years of domestic service and have a fleet of 20 aircraft.
Kharif foodgrain production is expected at 124.05 million tonnes this season, 1.79% less than last year, as per the first advance estimate of the agriculture ministry. In a statement issued, the ministry attributed the likely fall in production to deficit rains in some states.
Top Corporate News Reliance Industries has successfully tested presence of natural gas in one of the two KG-D6 block natural gas discoveries which the sector regulator DGH had previously refused to recognise. Reliance Group’s Reliance Energy launched full service Android mobile app, which will allow access to all power supply related services and information in Greater Mumbai. Tata Motors signed an agreement with French major Total Lubrifiants for supply of high performance lubricants across the homegrown auto major's sales and service points in the global market. Sun Pharmaceutical Industries Ltd, India's largest drugmaker by sales, said it is looking to divest a manufacturing plant in Ireland as it tries to control costs that have spiralled since it bought Ranbaxy Laboratories Ltd. Tata Steel has announced that it has started producing coke at its Kalinganagar project in Odisha. In the 3.3 mn tonnes first phase of the project, the steel plant will have two coke oven batteries, each comprising 88 ovens and having a gross coke production capacity of 1.5 million tonnes a year. As part of its global expansion drive, two-wheeler major Hero MotoCorp plans to set up manufacturing facilities in Mexico, Argentina and Brazil and expects to utilise the new Colombian plant as a hub to export to nearby countries. Steel Authority of India Ltd has taken up Rs18bn upgradation and repair programme at Bokaro Steel Plant in Jharkhand. Maruti Suzuki India launched a limited edition version of its popular model WagonR, named Avance, with prices starting at Rs0.43mn. Nestle India, whose flagship brand 'Maggi' had faced countrywide ban over alleged excessive lead content, will be using consumer engagement and digital marketing platforms to re-establish consumer trust in the product before bringing the popular instant noodles back to the table by the year-end. JK Tyre has agreed to acquire a tyre manufacturing unit from BK Birla's Kesoram Industries for Rs22bn. Cairn India's US$1.25bn loan to its promoter group, which had spooked investors, was used by Vedanta Ltd to repay another inter-company loan taken for acquisition of the oil company. Tata Motors introduced a special edition of its compact sedan Zest priced up to Rs0.7mn to
mark the first anniversary of the launch of the model. Natco Pharma, which has filed a pre-grant opposition with the Indian Patent Office pulled itself out from the litigation after it has entered into a licensing agreement with Gilead. Tata Teleservices has become first company to commercially deploy indigenously developed energy monitoring technology by Telecom Center of Excellence at 500 mobile towers. Mahindra & Mahindra Ltd has launched their much-awaited compact SUV - TUV300 and also confirmed that they will be launching their first-ever in-house developed petrol engine with the upcoming S101, it will be a 1.2L unit. Indiabulls Housing Finance Ltd said it has raised Rs40bn by allotting over 56.9 mn shares to qualified institutional buyers. Maruti Suzuki has unveiled a limited edition of WagonR for 3 months called the WagonR Avance at Rs0.42mn, ex-showroom. Asian Paints (International) Ltd has transferred the entire holding in its subsidiaries to Berger International Limited, Singapore to consolidate investments of the company in overseas subsidiaries. Corporation Bank said LIC will infuse Rs1.4bn into the bank by way of preferential equity. Ashoka Buildcon Ltd said it has bagged two road projects worth Rs4.4bn from Karnataka Road Development Corporation Ltd . Siemens Ltd said it has bagged an order worth Rs. 810mn from Diesel Locomotive Works (DLW), Varanasi. The Board of Approval under the Union Commerce Ministry has extended the validity of the approval given for setting up of a Special Economic Zone by Tata Steel at Gopalpur in South Odisha up to 17th December, 2015. The Mahindra& Mahindra Ltd group today announced its debut into the e-commerce space with the launch of M2ALL.Com, an e-marketplace for Mahindra products and services. Bharat Aluminium Company Limited, a subsidiary of Vedanta Limited, has begun the official procedure to close down its sheet rolling division and foundry at Korba in Chhattisgarh. Jet Airways might make Amsterdam its gateway for flights to America and Canada. At present, the airline flies daily from Mumbai and Delhi to Newark and Toronto via Brussels. Dr Reddy’s Laboratories announced the signing of a commercialization deal with Hatchtech, an Australian pharmaceutical company that has developed a prescription head lice product, Xeglyze Lotion. Essar Oil will shut its 4,05,000 barrel-per-day Vadinar refinery in Gujarat for about four weeks to carry out maintenance work. National Aluminium Co said that the ministry of coal has allotted Utkal -D & E coal mines located in Odisha in favour of the company for it to be able to meet its captive requirements at the Angul district.
Biocon has opened a manufacturing facility to make devices for its insulin portfolio. The 100,000 square feet new devices facility will make pen-like devices that diabetes patients can use for their insulin needs. Tata Motors is planning to open three new assembly plants for its medium and small trucks this year. Tata Motors will be opening new assembly plants in Nigeria, Mauritius, Vietnam this year. The company will be spending around Rs1.2-1.5bn in the process. ONGC may bid for some of the smaller fields it earlier surrendered as unviable following the unveiling of a new government policy to develop marginal oil and gas blocks. Tata Motors-owned Jaguar Land Rover has entered the SUV market with the launch of F-Pace model here which is expected to hit the Indian market in the second half of 2016. Leading diagnostic chain Dr Lal PathLabs is planning to go public and has filed draft papers with market regulator Sebi to raise funds through an IPO. Fueled by rumours of accidental death of one of the labourers, two worker groups clashed within the labour colony near Reliance Industries Limited Jamnagar refinery site. Power Grid said its shareholders have approved a proposal to raise up to Rs140bn through issuance of bonds from domestic and external sources in 2016-17. Aditya Birla Group flagship UltraTech Cement has got Environment Ministry's clearance to expand capacity at its Awarpur plant in Maharasthra, which would entail an investment of Rs2.48bn. State gas utility GAIL India has re-invited bids to hire nine newly-built LNG ships on modified terms that allow Indian shipyards to pick up to 13% stake in three of these carriers that shipbuilders have to make in the country. PTC India Financial Services Ltd said that it has sanctioned loans of about Rs10bn for clean energy projects in the country. Jindal Stainless said it will temporarily shut down operations of the ferro alloys unit in Vizianagaram due to differences between the management and workers. GMR Energy said its two gas- based plants in Andhra Pradesh having a capacity of 1,138 MW will get government subsidy on use of re-gasified liquefied natural gas for six months from October to March. Biopharma firm Suven Life Sciences said it has been granted one patent each in five nations, including China and Israel, for a drug used in the treatment of neurodegenerative diseases. Complementing the “Make in India” vision, Greaves Cotton Ltd, one of India’s leading engineering companies launched its new range of farm equipment products ahead of the kharif harvesting season. Orchid Chemicals and Pharmaceuticals Ltd is planning to convert most its Rupee term loans of over Rs15bn into foreign currency loans, in order to save the higher interest paid at present. ABB has won orders worth around Rs1.19bn to provide plant electrification, automation and substation solutions for solar power plants. Spread across Karnataka, Tamil Nadu and Andhra
Pradesh, these projects will connect over 850 megawatts of solar energy to the grid and will be among the biggest solar projects worldwide. Parry (India) Ltd is planning to expand its branded sugar portfolio with value added products. The company has launched Parry's Amrit, an original cane sugar, and plans to launch two more products in an years' time, said senior management from the company. Equity shares of the newly merged city gas distribution player, Gujarat Gas Limited, will be listed to dealings of exchanges from Tuesday. Piramal Enterprises is within striking distance of taking control of Infrastructure Leasing & Financial Services India's largest unlisted infrastructure developer and financier. Jubilant DraxImage Inc, a wholly-owned subsidiary of Jubilant Life Sciences Ltd, entered into an agreement with the Australia-based Cyclopharm Limited granting DraxImage an exclusive license to market and distribute Technegas in the US.
This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisor Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices. Any investment in commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer.