TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) NIFTY FIFTY : The Market started off week on a flat-to-positive note. The Nifty advanced 13 points to 7568 or 0.2 per cent. Asia Market were lower ahead of a series of market-moving economic data due this week. The US market ended marginally higher on Friday amid rebound in crued oil prices. Investor sentiment was hit by low expectations from the earnings season that is set to kick start with IT giant Infosys on Friday. There is very high probability that we may see choppy action going forward. At least for the next few trading session. Domestic equity witnessed a Subdued start on Tuesday trading session on mixed Asian Cues, On Wednesday The Nifty50 was trading at 7,799 up 90 point or 1.17 per cent. The Rally in market was largely led by surplus monsoon Forecast by the whether department this year after two consecutive droughts. The Economic data released too influenced the market sentiment factory output grew by 2 per cent and retail inflation dropped to 4.83 per cent in march from 5.26 in last month. The crucial levels for Nifty is 7880-8000 up side and 7800-7750 in down side.
BANK NIFTY : - The Bank Nifty Open positive on Monday at 15623 up by 55 points or 0.35 per cent. The Reserve Bank of India Governor Raghuram Rajan said the interest rate are now significantly lower and will continue to be so. The Banks having retail focus are expected post better financial results in the fourth quarter ended March 31. The Supreme Court expressed concern over the “ substantial” bad debt burdening the country’s banks and asked the Reserve Bank of india what it was doing as regulator to ensure that dues were being recovered and not piling up. It also pushed the central bank to reveal the total amount of such non performing assets, The Bank Nifty closed in a positive note last week and we are expecting if it is able to sustain the level of 16300 we may witness the forward movement. The Strong Support for Bank Nifty is 16150-15900 and Resistance is 1650016460.
Monday, 18 April 2016
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY
WEEKLY
MONTHLY
R2
R1
PP
S1
S2
8105
7921
7829
7737
7553
R2
R1
PP
S1
S2
8787
8091
7743
7395
6699
R2
R1
PP
S1
S2
8789
8093
7745
7397
7003
R2
R1
PP
S1
S2
17043
16505
16236
15967
15429
R2
R1
PP
S1
S2
18746
16930
16022
15114
13298
R2
R1
PP
S1
S2
18746
16930
16022
15114
13298
BANK NIFTY DAILY
WEEKLY
MONTHLY
MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY
7623
7420
7576
7890
BANK NIFTY
15710
15081
15799
16830
PARABOLIC SAR
DAILY
WEEKLY
MONTHLY
NIFTY
7784
6986
7901
BANK NIFTY
16260
13590
18056
PATTERN FORMATION ( NIFTY )
Detail of Chart On the Above given chart of Nifty has applied the MACD along with Resistance Level these are the trend identifying pattern and made the Resistance level in the Nifty daily chart that made on the above given chart we have draw the Trend line for more than the week period and it is not able to break the up level. However in upcoming trading session it could break the upper level of channel line which is the strong Resistance for the Nifty50 around 7880. Now we are expecting that if the Nifty is able to sustain the 7800 level we may witness the Bull trend of Nifty on the other hand if Nifty rebound the 78807950 level again we may see the positive rally in the index. The Strong Support for Nifty 50 is and the Resistance is 7800-7760.
PATTERN FORMATION ( BANK NIFTY )
Details of ChartOn the Above given chart of Bank Nifty has applied the MACD along with Resistance Level these are the trend identifying pattern and made the Resistance level in the Bank Nifty daily chart that made on the above given chart we have draw the Channel line for more than the week period and it can able to reach the up level. However in upcoming trading session it could break the upper level of channel line which is the strong Resistance for the Bank Nifty around 16380-16450 . Now we are expecting that if the Nifty is able to sustain the 16300 level we may witness the Bull trend of Bank Nifty on the other hand if Nifty rebound the 16350-16380 level again we may see the positive rally in the index. The Strong Support for Bank Nifty 50 is 15900-15880 and the Resistance is 16390-16450.
NSE EQUITY DAILY LEVELS COMPANY NAME ACC 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 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 EQ EQ
R2
R1
PP
S1
S2
1489 58 236 882 448 2693 155 98 139 370 521 280 124 3141 377 4163 850 1132 1093 3260 100 915 250 337 1004 1207 72 707 1263 1408 37269 3837 216 95 56 401 1079 585 53 195 97 842 419 73 341 136
1479 57 233 878 444 2632 154 97 136 360 516 278 123 3122 372 4121 843 1124 1087 3211 98 906 245 334 995 1191 70 698 1248 1370 36840 3791 215 94 54 396 1071 578 53 193 95 836 414 71 337 133
1464 56 230 872 441 2552 152 95 132 355 510 277 121 3104 366 4076 839 1108 1078 3124 96 889 239 329 984 1179 68 691 1239 1310 36570 3698 214 92 53 393 1062 575 52 192 94 830 406 70 331 131
1454 55 227 868 437 2491 151 94 129 345 505 275 120 3085 361 4034 832 1100 1072 3075 93 880 234 326 975 1163 66 682 1224 1272 36141 3652 212 91 51 388 1054 568 51 190 92 824 401 68 327 129
1439 54 224 862 434 2411 149 92 125 340 499 274 118 3067 355 3989 828 1084 1063 2988 91 863 228 321 964 1151 64 675 1215 1212 35871 3559 211 81 50 385 1045 565 49 189 91 818 393 67 331 127
TOP 15 ACHIEVERS
SR.NO
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
SCRIPT NAME
BHEL HINDALCO INDUS. TATA MOTORS LTD
PREV CLOSE
112 84.90
CMP
//
% CHANGE
133
+18.43 %
96.30
+13.43 %
370
408
+10.32 %
M&M
1215
1332
+9.60 %
GAIL INDIA LTD
339
369
+8.84 %
NTPC
126
137
+8.12 %
BAJAJ AUTO LTD
2394
2582
+7.84 %
ICICI BANK
225
240
+6.67 %
TATA STEEL
312
332
+6.58 %
BHARTI AIRTEL
330
351
+6.28 %
HERO MOTOCORP
2963
3148
+6.23 %
LUPIN LIMITED
1463
1548
+5.82 %
ACC
1390
1469
+5.69 %
BANK OF BARODA
144.35
152.45
+5.61 %
WIPRO LTD.
559
584
+4.63 %
SR.NO
1 H89 H89 H89 H892H89 I 46+I 46+I 46+I 46+I 46 N. . 1N. . 1N. . 1N. . 31N. . D933D933D933D933D93 1. 1 M A1 01 0. 2. A1 01 0. 3. A1 01 0. 4. AM 01 04. 5. A1 01 0 & L23+4& L23+4& L23+4& L23+4& L23 M C139 3M C139 3M C139 3M C1359 3M C13 O52. O52. O52. O52. O52 N116 %N116 %N116 %N1166 %N11 TI 23+0TI 23+0TI 23+0TI 23+0TI 23 P N678P N678P N678P N6778P N67 C D .%C D .%C D .%C D .%C D IU221IU221IU221IU2281IU22 C S24+2C S24+2C S24+2C S24+2C S24 .I 506.I 506.I 506.I 5096.I 50 C .%C .%C .%C .%C B I 336B I 336B I 336B I 33 6B I 33 10 35+ 35+7B35+7B35+7B35 B H 7B H H H H 6A01 A016A016A016A01 11 A N .%A N .%A N .%A N .%A N LK112LK112LK112LK11 2L11 R R R R 12K R 45+ 45+ 45+ 45+ 45 U 8U 8U 8U 8U 6 4 5 6 4 5 6 4 5 6 4 5 T T T T 13T64 P38.%P38.%P38.%P38.%P38 I 11 B I I I I B 8 118B118B118B11 I I I I 14I 45+2A45+2A45+2A45+2A45 A A A A A A N425N425N425N425N42 IN. . . IN. . . IN. . . IN. 15 I % % % . .%N. . 346R346R346R346R34 R K K K K K L551L551L551L551L55 T T T T T I I I I I E %O E %O E %O E %O E O M M M M M LF LF LF LF LF I I I I I
TOP 15 LOOSERS
SCRIPT NAME
IPCA LAB
PREV CLOSE
555
CMP
% CHANGE
493 -11.22 %
HINDUSTAN ZINC
186
165 -11.14 %
JAYPEE INFRA
8.25
7.65
37.85
35.15
-7.27 % MALPHA M M LAB
-7.13 % RAJESH EXPORT
634
594 -6.25 %
UBL
828
797
INFOSYS
1219
1172
BEML LIMITED
975
941
INDIAN BANK
102
99
UNITED SPIRITS
2448
2377
VIJAYA BANK
31.55
31.45
IRB INFRA
223.95
223.33
SUN TV
359.70
358.90
KRUR VYSYA
472.50
472.10
BHARAT FORGE
830.20
830.05
-3.76 % -3.68 % -3.45 % -2.93 % -2.89 % -0.32 % -0.29 % -0.22 %
NEXT WEEK STARS( AS PER ECHNICAL ANALYSIS PRIDICTION ) +13.67 AMBUJA CEMENT AM 204 232 NSE CASH % BUJ 18128 2. B 20371 +12.37 3. B T12+4.T12+5.T12+6.T12+7. BT12+B B B B B B B B % 1 1 1 1 A E E E E OSC 8A0O8A0O8A0O8A0OE8A01 ACC 1240 1385 +11.68 OSCH ACC D2D 2D 2D 2D 2 CEM % H LTD. 1R3. S1R3. S1R3. S1R3. S1R3. NSE CASH : BUY DCBBANK ABOVE 86.50 TGT 112 SL 81. ENT LTD. 2O73C2O73C2O73C2O73C2O73 8D17H8D17H8D17H8D17H8D17 A A A A A NSE CASH : BUY HINDLCO ABOVE 98 TGT 125 SL 87. % L %L %L %L % TTTT DDDD NSE CASH : BUY BAJAJCORP ABOVE 410 TGT 450 SL 393. . . . .
NSE CASH : BUY CHENNPETRO ABOVE 210 TGT 224 SL 198.
NSE CASH : BUY ITD CEMENTATION ABOVE 126 TGT 138 SL 121.
-0.08 % -0.02 %
1 1- 2 1- 3 1- 4H 1- 5 H1 I 161I 161I 161I 161I 16 N851N851N851N851N85 D6 . D6 . D6 . D6 . D6 A U33-1A U33-1A U33-1A U33-1A U33 LS757 4LS757 4LS757 4LS757 4LS75 P T. . . P T. . . P T. . . P T. . . P T. . H A811 %H A811 %H A811 %H A811 %H A81 U A 57 5-3U A 57 5-3U A 57 5-3U A 57 5-3U A 57 5 N8 N8 N8 N8 N8 B293B293B293B293B29 LZ87.%LZ87.%LZ87.%LZ87.%LZ87 A I 7A I 7A I 7A I 7A I B B B B B B N99-6B N99-6B N99-6B N99-6B N99 EC743EC743EC743EC743EC74 M 51.%M51.%M51.%M51.%M51 L 4L 4L 4L 4L U22-5U L22-5U L22-5U L22-5U L22 N L432N I 432N I 432N I 432N I 43 I 47.%IM47.%IM47.%IM47.%IM47 TM 878TI 878TI 878TI 878TI 87 IEI 22-9IET22-9IET22-9IET22-9IET22 R D D D D D T220R E220R E220R E220R E22 B E33.%B D33.%B D33.%B D33.%B D33 SD. . 2S. . 2S. . 2S. . 2S. . K IP4 94 3-9K IP4 94 3-9K IP4 94 3-9K IP4 94 3-9K IP4 94 3 R N 57 30R N 57 30R N 57 30R N 57 30R N 57 3 I7 I7 I7 I7 I7 U FR22.%U FR22.%U FR22.%U FR22.%U FR22 R I . . 0R I . . 0R I . . 0R I . . 0R I.. A T518A T518A T518A T518A T51 V S00 V S00 V S00 V S00 V S00 Y %Y %Y %Y %Y S S S S S Y Y Y Y Y A A A A A
NSE FUTURE
NSE FUTURE : SELL CENTURYTEX FUTURE BELOW 612 TGT 598 SL 616
NSE FUTURE : SELL JETAIRWAYS FUTURE BELOW 622 TGT 612 SL 627
NSE FUTURE : SELL MCLEODRUSS FUTURE BELOW 195 TGT 190 SL 197
NSE FUTURE : BUY RECLTD FUTURE ABOVE 165 TGT 170 SL 163
NSE FUTURE : SELL SRTRANSFIN FUTURE BELOW 977.50 TGT 960 SL 684
NSE - WEEKLY NEWS LETTERS ✍ TOP NEWS OF THE WEEK PMO push: Commerce Ministry plans to set up dedicated team for trade talks - The commerce department is considering setting up a specialised team to negotiate international trade deals. The move follows a nudge from the Prime Minister's Office amid concerns that India is not moving fast enough on its free-trade agreements and that it could have got a better deal on some of the pacts. At a recent meeting with senior officials from other ministries and departments, the PMO discussed the idea of building a team comprising officers from foreign services and trade lawyers official said consensus was reached in the issue in the meeting.
Govt may form panel to clear PSBs' bad loan mess - The Government is considering forming a three-member committee to approve the bad loan settlement plans of public sector banks. The move comes after the Centre's bid to clean up the bad-loan mess and give PSBs a fresh start didn't elicit an enthusiastic response, according to source. Bankers are not keen on a one-time loan settlement that involves taking a haircut, fearing investigating agencies will come after them, Source. The panel will consist of an exSupreme Court judge, a former chief vigilance commissioner and a retired official of the Comptroller & Auditor General. Banks can approach the panel with settlement proposals for approval and execute them without fearing action against them, a top government official told. The Non- Performing Assets of Public Sectors Banks more than doubled to 6.7 % at the End of Dec 2015 from 3.22 at the end of FY 13.
ASSOCHAM asks banks not to get swayed away by shrill in Mallya case Impressing upon the banks not to get swayed away by the shrill of public discourse against the purported willful defaulters, apex industry body ASSOCHAM today said that offer made by industrialist Vijaya Mallya should be considered carefully before rejecting it, because his offer does convey his “intention” to repay the loans taken from the public sector lenders. “With so much shrill on the wilful defaulters, the banks and their principal shareholder, the Government of India, should take a dispassionate view of the case rather than being influenced by the media reports which at times get exaggerated in the ‘rightor-wrong ’ debate,” ASSOCHAM Secretary General D S Rawat said in a statement. He said, the main concerns for the banks ‘ consortium should be recovery of its assets which have become NPAs and all genuine efforts must be made towards that end.
India Inc set to post best EBIDTA growth in six quarters: CRISIL Research CRISIL Research, India’s largest Independent and Integrated research house, expects India Inc to report EBITDA growth of ~7% for the quarter ended March 31, 2016. That will mark the fastest growth in six quarters, driven by higher gross margins derived from lower commodity prices. Revenue growth would, however, remain lacklustre at ~2% because of low commodity prices, weak investment demand, patchy demand recovery and low pricing power because of competition.The analysis is based on 600 companies that account for ~70% of the market capitalisation of the National Stock Exchange.
Government ability to prioritize the Reforms like GST will aid economic Recovery : Arun Jaitley - India stands amid the most crucial phase of structural reforms since the signifcant reforms undertaken 25 years ago. Economic revival is likely given that the government is pressing ahead with its reform agenda, says Finance Minister Arun Jaitley in an interview. The upcoming second half of the budget session of Parliament would see the government magnifying emphasis on reforms such as goods and services tax legislation, bankruptcy code, and amendments to the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act and prevention of corruption law, he said. FM Jaitealy clarifies that GST should be done via consensus since its implementation would entail everyone involvement including congress , Government as per the Report.
IMD forecasts well-distributed rains, kindling hopes of economic revival - The weather office has forecast surplus, well-distributed monsoon rainfall this year after two consecutive droughts, cheering farmers and kindling hopes that the surge in rural demand after the expected good harvest will propel economic growth. The promising outlook from the country's most respected weather forecaster came along with encouraging data showing that consumer inflation had fallen below 5% while industrial output had bounced back after contracting for three months. This is expected to boost the demand Economic and Business sentiments after a long phase of farm distress Distress and overall demand slump. The India Meteorological Department said the monsoon will deliver 6% surplus rain in its fabled four-month journey from the Kerala coast to the lofty mountains in Kashmir.
FM: Indian economy estimated to register 7.6% growth in FY 2015-16 - The Finance Minister Arun Jaitley said that Indian economy is estimated to register 7.6% growth in FY 2015-16, notwithstanding contraction of global exports and two consecutive years of shortfall in monsoon. Jaitley said that amid weaker outlook across the globe, India’s
experience of strong economic growth, comfortable price situation, low current account deficit, and adherence to fiscal recovery path have projected it as an outpost of opportunity for global investors. The Finance Minister was speaking on the theme of ‘Steering India towards Growth ’, at an event organized by ‘Carnegie Endowment for International Peace in Washington D.C. on the very first day of his US trip.
India plans to mobilize an investment of Rs. 1 lakh crore for ports: PM - Prime Minister Narendra Modi has inaugurated the maiden Maritime India Summit in Mumbai, asserting his government's resolve to restore India's position in global maritime sector. "We Indians are inheritors of a glorious maritime heritage and world's first dock was built at Lothal in Gujarat, during the Harappan civilization, Building upon our glorious maritime tradition, we are working hard to achieve new heights in this area" he said. Stressing on the importance of maritime transport, Prime Minister Narendra Modi said that everyone should make sure that our lifestyle, transport systems and trading behaviour do not spoil the ecology of the oceans. He also said, the architect of the Indian Constitution Dr.Babasaheb Ambedkar, on whose 125th birth anniversary, the Maritime India Summit was being inaugurated, was also the architect of the water and navigation policy in India.
✍ TOP ECONOMY NEWS
Bullish on India's growth prospects, International Finance Corporation has said offshore rupee bonds can provide a new source of funding for Indian companies and they stand to benefit in the longer term from comparative pricing landscape.
Stepping up its energy ties with Iran, India has lined up $20 billion as investment in oil and gas as well as petrochemical and fertiliser projects in the Persian Gulf country subject to provision of concessional rights.
Government is looking at a scheme for encouraging its employees to invest part of their 7th Pay Commission salary hike in a fund which would be used for recapitalisation of state-owned banks.
Telangana government has invited Chinese infrastructure company Gezhoba, which was associated with the construction of the famous Three Gorges dam in its country, to take part in the construction of the irrigation projects in the state.
Growth in developing East Asia and Pacific has remained resilient and is expected to ease only modestly during 2016-18, according to a new World Bank report. This outlook is subject to elevated risks and countries should continue to prioritize monetary and fiscal policies that reduce vulnerabilities and strengthen credibility, while deepening structural reforms.
Foreign direct investment in the country surged to $42 bn during April-February in 201516, according to RBI data.
Fitch has maintained its GDP growth forecast for India for the fiscal year ending March 2016 at 7.5 per cent. Growth is expected to gradually accelerate to 7.7 per cent in FY17 and 7.9 per cent in FY18.
The Government will keep regulating cotton seed prices and will not allow companies like the US biotechnology major Monsanto to exploit farmers.
The Income Tax department has activated the Aadhaar and net banking-based e-filing verification system for taxpayers to file the first appeal before a tax officer, on similar lines of online ITR filing.
Reserve Bank Governor Raghuram Rajan said the central bank holds around Rs.8 trillion of government bonds with it.
With the share of states in central taxes seeing a quantum jump, Finance Minister Arun Jaitley advised them to stick to fiscal discipline, spend on infrastructure and development activities and to use Aadhaar for transferring benefits to people.
The government is making every effort to bring down the cost of production of urea and exploring the option of setting up a plant in Iran using cheaper gas, Union Minister Nitin Gadkari said.
CPI inflation eased to 4.83% in March from 5.2% in February. Piyush Goyal, Minister of State for Power, Coal and New & Renewable Energy launched the Discovery of Efficient Electricity Price e-Reverse Auction portal through which distribution utilities can procure short-term power.
Retirement fund body EPFO settled 11.8 million claims in 2015-16, out of which 96% claims were settled within 20 days.
The India Meteorological Department has projected an above normal monsoon for 2016, spelling good news for farmers and policymakers battling two years of consecutive drought.
Owing
to the slowdown in China, low crude oil prices and overall sluggish trend in
advanced economies, the International Monetary Fund has cut its global growth forecast at 3.2% in 2016. However, the Fund forecasts Indian economy to grow at the fastest pace of 7.25% in 2016.
Moody's Investors Service says that lower remittances from Gulf Cooperation Council economies, which have been hit hard by the slump in oil prices, will reduce the benefits of cheaper oil imports for several Asia Pacific countries. Generally, weaker remittances will immediately impact the recipient countries' credit profiles via their balance of payment positions. A prolonged fall would also hurt economic growth, given the importance of remittances to household incomes.
The
Finance Minister Jaitley held a bilateral meeting with United States Trade
Representative Ambassador Mr Michael Froman. The Finance Minister affirmed that the sustained engagement and rapidly increasing trade and investment partnership between India and the US are key elements of the bilateral engagement between the two countries and India looks forward to strengthening and deepening this economic engagement. The Finance Minister emphasized.
� TOP CORPORATE NEWS Bajaj Auto and its Austrian partner KTM AG are extending their partnership to Indonesia for selling Duke and RC brands of motorcycles of up to 400cc.
ITC Limited said it has adequate cigarette stocks available in the market despite shutting all its manufacturing in the wake of the government rule that requires larger pictorial warnings on packets.
Cairn India Ltd. has full indemnity from its former promoter Cairn Energy of UK against levy of any tax for past deeds, including the two-year old Rs 204.95 billion retrospective tax demand, its new owner Anil Agarwal has said.
Tata Power said its Singapore-based arm TPIPL has signed an agreement with KS Orka Renewables Pte for sale of its 50 per cent stake in OTP Geothermal Pte for USD 30 million.
Sun Pharmaceutical Industries has received approval from the US health regulator for its non-steroid drug BromSite used to treat inflammation and prevent pain in patients undergoing contract Surgery.
Nokia has bagged a contract from Idea Cellular to roll out 4G in three circles and also to expand the infrastructure for 3G and 2G networks.
Great Eastern Shipping Company Ltd has signed a contract to buy a Japan-built second hand vessel, which will be delivered in the current quarter.
Orchid Pharma has received the Establishment Inspection Report from the US health regulator based on the successful inspection closure for its API manufacturing facility in Tamil Nadu Kancheepuram district.
The wind energy company arm of Suzlon Group has announced it has bagged a maiden order of 105 MW from Greenko Group to be executed in Andhra Pradesh.
Gayatri Projects bags Rs. 3.40 billion road project in Nagaland.
L&T Hydrocarbon Engineering , a wholly-owned subsidiary of Larson and Toubro India has bagged two orders worth USD 370 million from Petroleum Development Oman.
Jewellery exporter and retailer Rajesh Exports it has won a Rs.11.88 billion export order from the United Arab Emirates.
NTPC Limited has supplied 100 MW of un-requisitioned surplus from its Dadri Stage-1 plant to Gujarat Urja Vitran Nigam.
Technology giant IBM has partnered Reliance Communications to provide a complete portfolio of cloud services to customers.
Hero MotoCorp to begin production at Chittoor plant by Dec 2018.
Aditya Birla Nuvo said it has completed an additional 23% stake sale in its life insurance firm Birla Sun Life Insurance Company to its Canadian joint venture partner Sun Life Financial for Rs 16.64 billion.
Adani Enterprises has marked its entry into the wind energy segment by placing the company first order for wind turbine generators with Inox Wind Ltd.
TTK Prestige Limited , through its wholly-owned subsidiary TTK British Holdings, has acquired Silampos UK for an undisclosed sum.
Mahindra & Mahindra Farm Equipment Sector, launched new range of tractor Yuvo in Madhya Pradesh.
Pharmaceutical major, Dr Reddy's Laboratories Limited, announced the schedule for buyback of equity shares from public for about Rs. 15.69 billion beginning April 18, 2016.
Tata Steel, has signed an agreement to sell the loss-making 4.5 mt long-product Scunthorpe steel plant in Britain to UK-based investment firm Greybull Capital for a nominal consideration.
Hindustan Zinc Limited , a Vedanta group company, paid the government Rs. 29.95 billion as dividend on account of its 29.54% residual stake.
Two Japanese consortiums have bid for state-owned gas utility GAIL India Ltd's USD 7 billion tender for hiring nine newly built ships for ferrying LNG from the US.
Coal India Limited cuts prices of top grade coal by up to 40% on global cues.
Tata Chemicals Limited said its fertiliser plant at Haldia will be shut for about five weeks in September-October due to interruption of ammonia supply.
Infrastructure firm JP Associates has pulled out of the project to set up an electronic chip plant that entailed an investment of about Rs340bn.
� TOP BANKING AND FINANCIAL NEWS OF THE WEEK As the employee unions oppose stake sale in IDBI Bank, the Government said it is consulting all stakeholders as part of "transformation" of the state-owned lender.
Federal Bank tied up with Phillip Capital , a subsidiary of the Singapore headquartered Phillip Capital group, for managing the NRI Portfolio Investment Scheme.
The government is considering forming a three-member committee to approve the bad loan settlement plans of public sector banks, thus providing management the comfort that their actions won't be questioned by vigilance agencies later.
The
newly constituted Banks Board Bureau , headed by former CAG Vinod Rai, on
Friday held its first meeting that was attended by RBI Governor Raghuram Rajan and Union Minister of State for Finance Jayant Sinha, among Others, The Bureau has been constituted to recommend the government on selection of heads of Public sector banks and financial Institutions and help lenders in developing strategies and capital raising plan.
India's largest carrier Bharti Airtel received its payment bank license that is had applied for in partnership with Kotak Mahindra Bank, a move that will help the companies take Indian government's financial inclusion plans to the next level.
State-run Vijaya Bank, announced a reduction in term deposit interest rates by 25 basis points.
Axis Bank Limited the, Third largest Private Sector Bank, Today announced a cut in its lending rate by 0.15 per cent to bring it par with its large rivals.
The
Supreme Court expressed concern over the "substantial" bad debt burdening the
country's banks and asked the Reserve Bank of India what it was doing as regulator to ensure that dues were being recovered and not piling up. It also pushed the central bank to reveal the total amount of such nonperforming assets but relented when its lawyer said such information may lead to a loss of confidence in the country's banks.
Uday Kotak targets HDFC and ICICI Bank in saving rate Gamble Uday Kotak has set a scorching pace for everyone in the banking industry in the past two years. Kotak Mahindra Bank's deposits, assets and profits have surged. But in a declining interest rate scenario with credit and deposit growth stuttering, the banking industry is responding by cutting lending, savings and deposit rates hoping to protect margins and boost lending.
LEGAL DISCLAIMER
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.
DISCLOSURE High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company and all its representatives will not make any trades in the market. Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms & conditions of services published on website. No litigations have been filed against the company since the incorporation of the company.
Disclosure Appendix: The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt. Ltd. All the views expressed in this report herein accurately reflects personal views about the subject company or companies & their securities and no part of compensation was, is or will be directly or indirectly related to the specific recommendations or views contained in this research report.
Disclosure in terms of Conflict of Interest: (a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject company and the nature of such financial interest; (b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company, (c) High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
Disclosure in terms of Compensation: High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of coverage. Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd.
Disclosure in terms of Public Appearance: (a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months; (b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report. (c) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company; (d) High Brow Market Research Pvt. Ltd. has never been engaged in market making activity for the subject company.