TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) Nifty futures/Bank Nifty futures market closed on 7978.70 / 17500.20. According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 8065 will be small resistance for Nifty futures and at the same time 17820 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 8139 level and Bank Nifty futures can touch 18725 level in next few days. It will be hard resistance for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 7887 for Nifty futures and 17105 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty futures on 7747 and 16457 for Bank Nifty futures.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) PIVOT POINT NIFTY DAILY
R2 8175
R1 8031
PP 7968
S1 7905
S2 7779
WEEKLY
R2 8697
R1 8247
PP 8022
S1 7797
S2 7347
MONTHLY
R2 9790
R1 8684
PP 8131
S1 7578
S2 6472
PIVOT POINT BANK NIFTY DAILY
R2 18453
R1 17730
PP 17369
S1 17008
S2 16285
WEEKLY
R2 19463
R1 18139
PP 17477
S1 16815
S2 15791
MONTHLY
R2 23027
R1 19565
PP 17833
S1 16102
S2 12640
MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY BANK NIFTY
8252 18072
8362 18181
8555 18718
8376 17968
PARABOLIC SAR
DAILY
WEEKLY
MONTHLY
NIFTY BANK NIFTY
8627 18256
9698 19298
9697 20923
NSE EQUITY DAILY LEVELS COMPANY NAME
R3
R2
R1
PP
S1
S2
S3
ACC ALBK
EQ EQ
1456 94
1424 92
1409 91
1392 90
1377 89
1360 88
1328 86
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
231 752 566 2448 154 179 255 424 607 411 116 3392 409 3461 956 1254 1028 2583 123 836 305 308 841 2117 101 1355 1728 1222 33304 3788 307 183 61 359 915 380 47 260 195 850 446 77 310 152
224 731 556 2353 150 176 250 417 593 404 111 3356 402 3406 925 1217 1013 2543 120 825 298 303 819 2049 97 1320 1695 1205 32514 3751 304 178 59 351 901 369 46 257 189 832 434 74 304 147
220 719 551 2313 148 174 247 415 586 400 109 3336 398 3383 906 1204 1007 2521 118 819 295 300 810 2006 95 1307 1674 1198 32088 3733 303 175 58 347 895 362 45 255 186 823 426 73 300 145
217 710 546 2257 146 172 244 411 579 396 106 3320 394 3351 894 1180 998 2502 117 815 291 297 797 1982 93 1285 1662 1187 31724 3714 301 173 57 344 886 358 44 253 183 815 422 71 297 143
213 698 541 2218 144 170 242 409 572 392 104 3300 391 3328 875 1167 993 2481 115 809 288 295 788 1938 91 1272 1641 1180 31298 3695 300 170 56 339 880 351 43 251 180 8025 414 70 293 141
210 689 536 2161 142 168 239 405 565 389 102 3284 386 3297 863 1143 984 2462 114 804 284 292 775 1914 89 1250 1629 1169 30934 3676 298 168 55 336 872 347 42 249 178 797 409 68 290 138
204 669 526 2066 139 165 234 398 550 382 97 3248 379 3242 832 1106 969 2422 111 793 277 287 753 1847 85 1216 1595 1151 30144 3639 295 163 53 328 857 336 41 246 172 780 397 65 283 134
SBIN SSLT( VEDL) SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK
TOP 15 ACHIEVERS
SR.N SCRIPT NAME PREV O CLOSE
//
CMP % CHANG
TOP 15 LOOSERS
SR.NO
SCRIPT NAME
PREV CLOSE
FINEOTEX CHEMICAL SE INVESTMENTS
157.95
33.25
-78.95
252.35
197.75
-21.65
349.45
287
-17.87
CMP % CHANG
1
ESSAR OIL LTD
100.55
139.65
+38.89
1
2
CHENNAI PETRO
104.30
134.15
+28.34
2
3
LT FOODS LTD
124.40
153.15
+20.21
3
4
BEML LTD
1061.35
1241.95
+17.02
4
SUN TV NETWORKS JP ASSOCOATES
13.05
10.75
-17.62
5
427.75
499.15
+16.69
5
JET AIRWAYS
319.80
264.45
-17.31
6
EROS INTERNATIONAL TIL LTD
494.55
563.35
+13.91
6
109.75
93.95
-14.40
7
BHUSHAN STEEL
51.15
57.65
+12.71
7
ADANI ENTERPRISES JP INFRA LTD
13.95
11.95
-14.34
8
HOTAL LEELA VEN.
17.15
19.30
+12.54
8
IFB INDUSTRIES
509.80
437.75
-14.13
9
DISH TV
97.05
105.80
+9.02
9
78.50
68
-13.38
10
BAJAJ ELECTRICAL
271.75
294.05
+8.21
10
FUTURE LIFESYTLE ABAN OFFSHORE
348.75
303.25
-13.05
11
BAJAJ FINANCE LTD
4324.85
4676.45
+8.03
11
SYMPHONY
2405.70
2098.80
-12.76
12
PUNJAB CHEMICALS
204.80
221
+7.91
12
50.60
44.15
-12.75
13
JUBILIANT INDU.
137.40
148.10
+7.79
13
INDIABILLS REAL ESTA UNITECH LTD
8.65
7.55
-12.72
14
RAJESH EXPORTS
221.40
237.55
+7.29
14
JK TYRE & INDU.
99.20
87.20
-12.10
15
TORRENT PHARMA
1203.60
1280.60
+6.40
15
PNB
149.85
131.90
-11.98
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION ) 1. ICICI BANK ( BULLISH ) - The way the moving averages from the hourly chart is indicating. Our expectation that probably Rs 10-12 jump could be seen on the stock. It is favorable to go long on ICICI Bank keeping a risk reward 1:2 and stop loss at Rs 282. 2. VOLTAS ( BULLISH ) - The stock is above 200 day moving average. If we are looking at the price pattern it is forming a bullish pattern on the daily chart.According technical analysis Rs 360 could be a possible short-term target with stop loss of near to Rs 320 3. ALBK ( BULLISH) - According to technical analysis if ALBK moves up-word in tomorrow treading session then It can touch level of 99.65. Traders can long in ALBK with stop loss of 87.
CURRENCY MARKET USDINR
R2
R1
PP
S1
S2
DAILY
64.969
64.469
64.219
63.969
63.469
WEEKLY
R2 65.720
R1 64.715
PP 64.213
S1 63.710
S2 62.705
MONTHLY
R2 66.110
R1 64.870
PP 64.250
S1 63.630
S2 63.390
EURINR
R2
R1
PP
S1
S2
DAILY
74.018
72.658
71.978
71.298
69.938
WEEKLY
R2 76.911
R1 73.641
PP 72.006
S1 70.371
S2 67.101
MONTHLY
R2 82.196
R1 75.136
PP 71.606
S1 68.076
S2 61.016
JPYINR
R2
R1
PP
S1
S2
DAILY
52.600
52.180
51.970
51.760
51.340
WEEKLY
R2 55.257
R1 52.967
PP 51.822
S1 50.677
S2 48.387
MONTHLY
R2 55.292
R1 53.0025
PP 51.8575
S1 50.3825
S2 48.422
GBPINR
R2
R1
PP
S1
S2
DAILY
100.349
99.789
99.509
99.229
98.669
WEEKLY
R2 104.462
R1 100.817
PP 98.995
S1 97.172
S2 93.527
MONTHLY
R2 107.397
R1 101.797
PP 98.997
S1 96.197
S2 90.597
NSE - WEEKLY NEWS LETTERS TOP NEWS OF THE WEEK ✍ ONGC plans to invest Rs 41,678 crore - Oil and Natural Gas Corp is planning to invest Rs 41,678 crore for bringing to production newer oil and gas fields and redeveloping ageing fields, according to reports.A report said that company produced 25.94 million tonnes of crude oil and 23.52 billion cubic meters of gas in 2014-15. The company will invest Rs 24,188 crore in development of six projects both on the east and west coast and another Rs 17,490 crore will be spent on redeveloping its prime Mumbai High fields, says report.According to reports, the company will also invest Rs 6,086 crore in western offshore Daman field development to produce 27.67 billion cubic meters (bcm) of gas by 2034-35
✍ Reliance Power stock flat after signing MoU - Reliance Power is trading on a positive note in early morning deals on the BSE, after the company signed a new MoU. According to a release issued by the company to the BSE Reliance Power on Saturday signed a Memorandum of Understanding (MoU) with government of Bangladesh to develop 3,000 MW of power capacity. So far, the stock has touched a high at Rs. 46.40, and is now up nearly a percent at Rs. 45. The counter has registered trades of around 476,000 shares as against the two-week daily average volume of 1.4 million shares.
✍ Eros International stock zooms 14% - Shares of Eros International Media Ltd surged 14% to Rs. 504 after the company said that it has no plans to delist from the BSE and NSE and has not started any process formal or informal with respect to this. The stock has hit a high of Rs. 530 and a low of Rs. 452. The Group has no concrete plans to foray in Television market and is currently focusing on its digital strategy. Furthermore, the Company is in control of its own strategy and has all the shareholder’s interests in mind while devising and executing the same.
✍ Essar Oil gains on bargain buying - Essar Oil continues to trade near the highest level of the day at Rs. 104 - with a surge of almost 3 percent at Rs. 102.60, on the BSE, on account of bargain hunting after the stock tumbled nearly 6 percent in the preceding six trading sessions.On the BSE, so far 35,000 shares have been traded at the counter as compared to its two-week daily average volume of 50,000 shares.
✍ Indian Bank reduces base rate, BPLR by 30bps - Indian Bank has reduced the Base Rate from 10.25% to 9.95% per annum and the Benchmark Prime Lending Rate (BPLR) by 30 basis points from 14.50% to 14.20% per annum with effect from June 08, 201
✍ Federal Bank cuts rates on term deposits - Federal Bank has cut the Interest rates of Resident Term Deposits from 18 June 2015.The interest rate on term deposits from 60 days to less than 1 year have been cut from 4% per annum to 3.5%. The annual Interest rate for 1 year deposit stands at 8.25% from 18 June 2015 as against 8.5% earlier. The interest rate for deposits
above 1 year to less than 2 years is now at 8.25% annually as against 8.4% earlier. ✍ ITC plans to invest Rs.8,000 crore - ITC is planning to invest Rs.8,000 crore in Telangana to expand paper business, according to reports. Further details are awaited.
✍ Cairn India, Vedanta in focus - Cairn India and Vedanta are in focus following news reports that the companies' boards are scheduled to meet this Sunday to discuss the merger.According to reports, the Anil Agarwal group companies' boards will discuss the merger plan and fix the merger ratio. The aim of the merger is to consolidate businesses and cut debt.Vedanta has spurted over a percent to Rs. 187, while Cairn India has slipped 1.5 percent to Rs. 182.
✍ Torrent Power soars on shareholders nod for amalgamation - Torrent Power has soared 4 percent to a high of Rs. 152 on receiving shareholders nod for the planned amalgamation of group companies.According to a release issued by the company to the BSE, Torrent Power shareholders have approved the amalgamation of Torrent Energy and Torrent Cables with itself.The stock is currently trading at the highest point of the day, with trades of around 46,000 shares in the first few minutes on the BSE.
✍ TVS Motor stock surges on receiving new patent - Shares of TVS Motor Company were higher by 2% at Rs. 228 on reports that the company has bagged a patent for technology related to three-wheeler engines.The stock has hit a high of Rs. 230 and a low of Rs. 225.Total traded quantity on the counter stood at over 0.86 lk shares.
✍ TCS is the largest dividend payer in FY15 - Tata Consultancy Services (TCS) is the largest dividend payer in India Inc this year.A report says that Tata Group company paid a dividend of Rs 15,474 crore to shareholders in FY15.While Coal India cut its dividend payout by 28.6% to Rs 13,075 crore ONGC's payout remained same at~ Rs 8,128 crore.In year 1995-96, Reliance Industries was the biggest payer, ahead of ONGC and Steel Authority of India (SAIL).
✍ Chennai Petro at fresh 52-week high - Chennai Petroleum Corporation extended gains in early morning trades after releasing its events calendar recently.According to the company's events calendar, the company by way of postal ballot has sought shareholders nod for increasing borrowing limit up to Rs. 8,000 crore, to raise funds by way of issue of bonds by Rs. 3,000 crore on private placement basis and/ or to mortgage moveable /immoveable properties.The postal ballot is supposed to get over by 15 July, 2015, and the results will be announced by 15 August, 2015.The stock was locked at the 20 percent upper circuit at Rs. 125, and zoomed another 14 percent to hit a fresh 52-week high of Rs. 142.The stock is now up 7 percent at Rs. 134. The counter has seen trades of around 1.53 million shares so far on the BSE as against the two-week daily average volume of around 263,000 shares.
✍ Essar Oil zooms on heavy volume - Essar Oil is trading on a stellar note, in an otherwise subdued market, on the back of renewed buying interest at the counter.The BSE counter so far has registered trades of around 1 million shares, as against two-week daily average volume of
31,000 shares.So far, the stock has zoomed 17.8 percent to hit a high at Rs. 123 and is now up 12.5 percent at Rs. 118.
✍ Ashok Leyland slips 3% - Shares of Ashok Leyland Ltd were trading lower 3% at Rs. 65.40 on seeking shareholder nod to issue NCDs up to Rs.300 cr on private placement basis. The stock opened at Rs. 68 as against the previous close of Rs. 67.40 on BSE. It has hit a high of Rs. 68.30 and a low of Rs. 65.80 on BSE today.Total traded quantity on the counter stood at over 8.22 lk shares on BSE.
✍ Bajaj Electricals bags new orders worth Rs. 84.54 crore - Shares of Bajaj Electricals Ltd were trading higher 1.4% at Rs. 283.20 on BSE today. The company has bagged 3 new orders from Odisha Power Transmission Corporation Ltd worth Rs. 84.54 crore. The stock opened at Rs. 284 as against the previous close of Rs. 279.25 on BSE. It has hit a high of Rs. 291.35 and a low of Rs. 281.10 on BSE today.Total traded quantity on the counter stood at over 1.05 lk shares on BSE.
✍ RIL gains ahead of AGM - Reliance Industries (RIL) is trading on a positive note ahead of 41st annual general meeting AGM later in the day.The street is expecting RIL to unveil details for the 4G launch by its telecom venture Reliance Jio Infocomm. And also RIL's strategy on expanding its fuel outlet network and expectations of earnings from its expanded petrochemical capacity will also be watched.The stock is now up 1.3 percent at Rs. 881. The BSE counter has registered trades of around 67,000 shares, when compared with two-week daily average volume of 378,000 shares.
✍ BHEL gains on Shrinagar HEP unit - BHEL has bounced back into the positive zone and jumped to a high of Rs. 247, from an early morning low of Rs. 242 - up over 2 percent in intra-day deals on successfully commissioning the Shrinagar unit in Uttarakhand. According to a release issued by the company to the BSE, the company by successfully commissioning the fourth unit of 82.5 MW, has commissioned the 330 MW Shrinagar Hydro Electric Project (HEP) in Uttarakhand.The all four units of this project have been commissioned in quick succession of just 60 days, the release added.The stock is now up over a percent at Rs. 246. The counter has seen trades of around 46,000 shares as against the two-week daily average volume of around 450,000 shares on the BSE.
✍ Suzlon gains after HSBC lifts rating - Suzlon Energy continues to trade on a firm note on the BSE, after media reported that HSBC has raised its rating to 'Buy' from 'Hold' and also raised its target price by 6.3 percent to Rs. 30 per share.Now, the stock is trading at the highest level of the day - with a jump of around 3 percent to Rs. 21.85.So far 3.4 million shares have changed hands at the counter, as against the daily average volume of 8.6 million shares in the past two weeks.
✍ Bharti Airtel wins MCG contract to launch Wi-Fi services in Gurgaon - Bharti Airtel Limited (“Bharti Airtel”), a leading global telecommunications company with operations in 20 countries across Asia and Africa, today announced that it has won the mandate for the launch of Wi-Fi services in Gurgaon from the Municipal Corporation of Gurgaon (MCG). With this, Airtel has become the preferred partner to provide residents of the Millennium City an opportunity to connect to world-class internet experiences on the move. Airtel will soon roll-out
the Wi-Fi services in MG Road, Sadar Bazaar, Sector 29, Sirhaul Village and Leisure Valley Park providing residents with mobile internet at a speed of 2mbps.The Wi-Fi services will be an open platform for mobile phones users with Wi-Fi compatible devices in these localities with a daily quota limit of 30 minutes per day per device. Post 30 minutes while users can continue to use the Wi-Fi services, they will be charged a nominal amount and can also consume data from their data packs. Users will also be able to buy online vouchers with affordable deals to continue accessing the Wi-Fi services. ✍ Vacancies for MD & CEO at PSBs: Top panel headed by Raghuram Rajan to interview potential candidates - Candidates from private sector banks have been shortlisted for next week's interviews for the post of CEO and MD at five large banks, according to a media report.The banks include PNB, BOB and Canara Bank. The tenure of the CEO & MD is three years. Over 26 candidates are to appear for the interview on June 15 and 16, the report added.A high level search panel headed by RBI Governor Raghuram Rajan will interview candidates, they said.Among the 26 candidates, about 7 existing executive directors of the various public sector banks have been shortlisted for the interview.Besides, executives from private sector banks would appear for the interview. This is the first time when executives from private sector banks would be part of the selection process for top jobs in Public Sector Banks.However, the department did not find adequate number of candidates as per the eligibility criteria. So, it relaxed the norms in April, the report added.
✍ Top Economy news In a raft of changes to make it easier for businesses to operate in the country, the government has relaxed norms for private companies including those pertaining to related party transactions, acceptance of deposits and auditor appointments.
India's exports are likely to remain flat at USD 310.5 billion-level or may even fall this financial year due to slow global demand for merchandise, Assocham has said.
RBI allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a stipulated timeframe. India may not be able to export dairy products to Russia due to stiff conditions set by the latter, including that interested companies should possess at least 1,000 milking animals. Jharkhand government has decided to invest Rs.3bn in the current fiscal to develop road connectivity in the state. Union Home Minister Rajnath Singh said the Centre has approved construction of a 100-km long ring road, costing over Rs30bn, to decongest the expanding state capital. Union Railway Minister Suresh Prabhu has said that the Government will invest Rs8,500bn over the next five years to develop the nation's railway services.
The country’s current account deficit (CAD) narrowed sharply to USD1.3bn, or 0.2% of GDP, in the fourth quarter of the last financial year on a sequential basis mainly on account of a lower
trade gap. The same shrank to 1.3% of GDP for full financial year 2014-15. The government approved Rs47bn highways projects in Madhya Pradesh and Telangana under its flagship highways building programme NHDP. Data for the first two months of the financial year show a sharp fall in demand for new scooters, indicating a possible slowdown now creeping into urban and semi-urban markets. Data from SIAM shows scooter sales growth declined sharply to under 4% in April and May, at 708,825 units. In the same period last year, the segment had growth of 25%. Global prices of pulses have gone up by about 30% to 40% during last two to three months due to fear of drought in India, the largest importer and consumer of the vegetarian source of protein. The Cabinet Committee on Economic Affairs (CCEA) approved two road projects, one in Madhya Pradesh and another in Telangana. The projects will be executed under the flagship road building programme National Highways Development Project (NHDP) at a cost of Rs47.21bn.
Top corporate news Idea Cellular has hiked mobile data rates by up to 100% for pre-paid customers in the NCR region.
Aditya Birla Nuvo announced a joint venture with a leading South African financial services firm MMI Holdings Ltd., to foray into the health insurance and wellness business in India.
Britannia Industries has expanded its premium biscuit offerings by launching premium chocolate centre filled biscuit - Pure Magic Choco Lush. Choco Lush contains 40% chocolate.
United Breweries (Holdings) Ltd is seeking shareholders nod for its plans to earmark up to Rs500mn for investment and loan purpose, including provision of an immediate loan of up to Rs250mn to UB Engineering.
Sun Pharmaceutical said court convened meeting of its shareholders has approved the scheme of amalgamation of Sun Pharma Global Inc with itself.
Tata Communications is expanding its recently launched Media Ecosystem globally, combining traditional video contribution services with IP-based connectivity to create a highly innovative global media platform.
Reliance Power said it will invest USD3bn to set up a mega power plant and a floating LNG import terminal in Bangladesh, which faces acute power shortages.
Power generating company NTPC has served notices to West Bengal, Bihar and Jharkhand governments saying it will be forced to shut Farraka thermal power plant if law and order situation is not maintained at the facility.
Workers of Tata Steel Europe are ready for an indefinite strike if the management does not come forward for negotiations on its proposal to scrap the British Steel Pension Scheme.
Indian Oil Corporation plans to invest around Rs15bn in the Northeast to strengthen its various divisions, including storage and retail, over the next three-four years.
Indian Oil Corp, nation's largest oil firm, plans to invest about Rs150bn in raising capacity at its Panipat refinery in Haryana by 34% to 20.2 million tonnes (MT) by 2020.
Infosys expects acquisitions to bring in additional revenues of about USD1.5bn as the IT services behemoth aims to achieve an aspirational goal of USD20bn in topline by 2020.
ONGC will invest Rs416bn for bringing to production newer oil and gas fields and redeveloping ageing fields as it looks to boost output. Bharat Heavy Electricals Ltd (BHEL) said it has commissioned a 82.5-megawatt unit at Shrinagar Hydro Electric Project in Uttarakhand.
Housing Development Finance Corp said its board has approved funding raising worth Rs.50 bn simultaneously by secured redeemable non-convertible debentures along with warrants. Gujarat Alkalies and Chemicals Ltd announced that the company has initiated transportation of caustic soda lye and other value-added liquid products from its Dahej plant through a specially constructed pipeline to Dahej railway yard. Rajesh Exports said that the company has bagged an export order worth Rs13bn from an UAE-based company for gold and diamond studded jewellery. Mahindra Holidays & Resorts, the country's leading leisure hospitality provider, approved increasing its stake in Finland-based Holiday Club Resorts, Oy, to about 88%. Last year MHRIL had picked up 19% in the European company, which has 30 resorts in Finland, Sweden and Spain, through its wholly-owned subsidiary Covington Sarl, Luxembourg. Coal India is likely to increase its production by over 60 million tonne in the current financial year since it recently acquired 2,000 hectares and also received 41 mine clearances. Consequent to this, its subsidiary Western Coalfields will be opening one new mine every month for the next two years. BEML, a defence public sector undertaking, has bagged an order worth Rs. 6.45bn from Delhi Metro Rail Corporation (DMRC) for design, manufacture, supply, testing and commissioning of 74 nos broad guage metro cars for their RS-13 project.
The patent office in India has decided to grant patent for automobile manufacturer TVS Motor for an engine for a three wheeler, with a cooling system for the rear mounted liquid cooled engine. Vedanta (formerly known as Sesa Sterlite) is set to make an official announcement of its merger deal with wholly-owned subsidiary Cairn India on June 14th. The deal will give Vedanta access to Cairn India's cash and investments worth Rs160bn. Larsen and Toubro, which is developing the Rs160bn Hyderabad Metro Rail project, said it will develop the entire 18.5 million sq ft commercial space around the project in a phased manner over the next ten years. ICICI Bank country’s largest private sector lender is looking at raising Rs500bn through private placement of securities including bonds and non-convertible debentures (NCDs). Glenmark Pharmaceuticals has received final approval from the US health regulator for the generic Calcipotriene cream used for the treatment of plaque psoriasis. Nestle India said that it has approached the Bombay High Court to seek judicial review of the orders passed by Food and Drug Administration in Maharashtra and the Food Safety and Standards Authority of India. Jagran Prakashan Ltd said it has completed the acquisition of Music Broadcast Pvt Ltd, which operates the popular Radio City FM stations. Future Retail plans to raise fresh funds of up to Rs15bn through non-convertible debentures (NCDs) on private placement basis to replace high cost loans and to invest in brand building as well as marketing. Realty firm Unitech plans to raise about Rs.2 bn from private equity players to part finance its ongoing housing projects as real estate market continues to remain sluggish. NTPC said Talcher in Odisha will become a power hub with the PSU planning around 3,000 MW of capacity addition there. Electrosteel Steels said it has received an indication for investment in the company from Tata Group as well as from a Singapore-based financial investor. FMCG major Hindustan Unilever Limited (HUL) has decided to recall its Chinese range of 'Knorr' instant noodles from the market pending product approval from the central food safety regulator FSSAI.
This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisory 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.