Mkt Wrap 30-Jun:
* Indices  : NIFTY 8369 (+50pts); SENSEX 27781 (+136pts); CNXMCAP 13009 (+146pts).
* Adv/Dec  : NSE 1051/440; BSE 1732/982.
* Volumes  : Cash $3.1bn v/s $2.5bn F&O $27.6bn vs $29.6bn.
* INR/$    : 63.68 (63.92). 10Y G-Sec: 7.86% (7.90%). Brent($): 62.70 (61.67).
* Sectoral : REALTY/TECH -2%. AUTO/BANKS/POWER -1%.
* Gainers  : IDEA +4%. COAL/Z/UTCEM/SUNP/LPC/TATA +3%.
* Losers   : TCS -2%. GAIL/TECHM/WPRO/ICICIBC/HCLT -1%.
* Top Vols : UT 57.6m, SUEL 35m, JPA 25.7m, CFLIN 23.1m, SBIN 16.4m, AL 15.7m, IBREL 15.5m, RCOM 15.4m & ICICIBC 14.5m.
* Vol Spike: WLCO 7.4x, TECHM 3.2x, TGBL 2.5x, DABUR 2.5x, SUNTV 2.5x, ABNL 2.4x, COAL 2.2x, GVKP 2x & HUVR 1.9x.
* Crossover: Golden Cross: SPPT.
* Fut Long : ARVND,COAL,Z,UTCEM & DABUR.
* Fut Short: WPRO,JSW,UPLL & TECHM.
* Blocks   : CFIN 11m @110, CRIN 500k @249, PEPL 875k @247, ORIENT 1m @90, ABNL 200 @1766, TGBL 3.1m @132, GDPL 910k @345 & FB 1.5m @145,
* Glob Mkt : Nikkei +0.6%. China +5.1%. Euro Mkts +0.5%. DJIA Fut +85pts.

(1836) Lupin has given breakout from a range of 2 months we can see it going to its all time high in coming months 

In coming week it can show 100 points move 

Sl 1780
Today 100 points complete

Delhi govt. Proposes to increase VAT on Diesel from 12.5% to 30%, which can potentially raise Diesel prices in Delhi by Rs 8/ltr (current Rs 51/ltr). Increase in diesel price would widen the gap with CNG ( Rs 38/kg) aiding conversion to CNG. Positive for IGL.

Economic Times



Business Standard

Ø  Fitch cuts rating for 4 Greek banks to 'restricted default'

Ø  'New textiles policy aims at 35 mn jobs, foreign investment'

Ø  GDP to hit $3 tn mark in five years: Panagariya

Ø  Kotak Mahindra Bank gets nod for 1:1 bonus share

Ø  'Sebi decision on OFS not sufficient boost to PSU divestment'

Ø  JSW Steel seeks shareholder consent for Rs 4K-cr QIP

Ø  RIL to defer gas field development if price outlook remains uncertain



Ø  Greece crisis may have indirect impact on India: finance secretary

Ø  If euro fails, Europe fails, warns Angela Merkel

Ø  RCom in talks with ATC, Carlyle for stake sale in tower biz

Ø  BPCL acquires 19.97% stake in PetronetCCK

Ø  GMR group begins construction of Philippines airport

Ø  SBI steps up recovery of bad loans in retail, realty segments

Ø  Regulate OTT services, recommends DoT panel

Business Line



Mint

Ø  NSE to launch new platform for negotiated trade in debt from July 1

Ø  JSW Steel seeks shareholders' nod to raise Rs 4K cr via QIP 

Ø  NCDEX opens A’bad delivery centre for 'Gold Now' contracts

Ø  Bombardier to supply 162 Movia metro cars to Delhi Metro 

Ø  Dr Reddy’s recalls epilepsy, BP drugs from US market

Ø  Greek crisis not to impact ICICI Bank: Chanda Kochhar 



Ø  Indian power plants find Rs1.2 tn of capacity has no takers

Ø  Adani suspends Australia project’s engineering work over delay in approvals

Ø  Amazon to offer loans to sellers in India, seven other countries

Ø  PNB, Allahabad Bank agree to sell Bharati Shipyard loans to Edelweiss ARC

Ø  TV18, CNN to end 10-year branding deal

Financial Express



Financial Chronicle

Ø  Greece takes a toll on Tata Motors, Bharat Forge, other Indian cos with exposure to Europe

Ø  Rains hold the key to 25 bps RBI rate cut on Aug 4: BofA-ML

Ø  Larsen & Toubro secures new orders worth Rs 2,035 crore

Ø  Tech Mahindra sees weak Q1 revenue on visa costs

Ø  DGCA may make psychometric tests for pilots mandatory



Ø  Banks in India slow in passing on RBI rate changes: IMF

Ø  Coal scam: CBI files probe report, says sanction issue pending

Ø  L&T secures new orders worth Rs 2,035 crore

Ø  HUL increases market share in 90% of its product portfolio

Ø  CERC asks FTIL to transfer stake in IEX to trust a/c by Jul 2

Market Update:
Sgx Nifty -30 pts
Dow -350.33 pts ,Nsdq -122.04 pts , S&P -43.85 pts , Bovespa -1002 pts , Ftse -133 pts , Dax -409 pts, Cac -189 pts, Nikkei  +62 pts , now, Crude @ $58.26/brl (-0.07) Brent @ $61.99 (-0.02), Gold @ $1179.90 (+0.90), Silver @ $15.77 (+0.07), Euro @ $1.120, JPY @ $122.399, INR @ $63.853


Indian Adr/Gdr


Infy: -1.92%,      Wit: -1.39%
Ttm: -2.55%,     Rdy: -1.82%
Hdb: -1.50%,     Ibn: -2.11% 
SBID: -1.97%, RIGD: -1.61%


Today's Corporate Action 
30th June Ex Date

ANDHRABANK Dividend - Rs. - 2.00 
NUCLEUS Dividend - Rs. - 5.00


Today's Global Data

Jun 30: US June agricultural prices data; 0030 IST

Jun 30: UK June consumer confidence survey; 0435 IST

Jun 30: Japan May auto production; 0930 IST

Jun 30: Japan May auto exports; 0930 IST

Jun 30: Japan May petroleum statistics preliminary report; 1000 IST

Jun 30: Japan May construction orders; 1030 IST

Jun 30: Japan May housing starts; 1030 IST

Jun 30: Germany June labour market statistics; 1330 IST

Jun 30: UK Jan-Mar national accounts; 1400 IST

Jun 30: UK April service sector figures; 1400 IST

Jun 30: UK Jan-Mar business investment revised results; 1400 IST

Jun 30: UK Jan-Mar balance of payments; 1400 IST

Jun 30: Reserve Bank of Australia Governor Stevens to speak; 1410 IST

Jun 30: Eurozone June inflation flash estimate; 1430 IST

Jun 30: Eurozone May unemployment data; 1430 IST

Jun 30: US Retail Economist/Goldman Sachs chain store sales index for week ended Jun 27; 1715 IST

Jun 30: US Jan-Mar, annual international investment position; 1800 IST

Jun 30: US Johnson Redbook retail sales index for week ended Jun 27; 1825
IST

Jun 30: US April S&P/Case-Shiller home price index; 1830 IST

Jun 30: US June ISM-Chicago business survey; 1915 IST

Jun 30: US June consumer confidence index; 1930 IST

Jun 30: US June Dow Jones economic sentiment indicator; 2200 IST

Jun 30: US President Obama meets Brazil President Rousseff

Jun 30: Japan May provisional labour survey

Jun 30: Latvia's European Union presidency ends

Breaking News
After Q1 result Macleods pharma will merge into  Sun Pharma.another biggest Deal of Industry worth 4700cr. -
Said by Macleods officials on Business Today.

•  Greek Govt Official: Pension withdrawals will be limited to €240. 700 bank branches to open on July 2 for pensions.
• Greece transferes EU 50,000 to EFSF, avoids Default
•  JUST NOW  : EU approves extension of Greek guarantee program for banks. EU prolongs guarantee program for Greek banks until Dec 31. Positive For Euro. Source
• GREEK GOVT OFFICIAL : Greece will not pay IMF loan due on  June 30: Reuters

Short  HDIL. 

PRE OPENING FUTURES UPDATE :  DAX -500 ONLY N DOW -250 ONLY.

MARKET UPDATES

*INDIA SAYS MARKETS NOT REACTING VERY KINDLY TO GREECE PROBLEM
*INDIA FINANCE SECRETARY COMMENTS ON GREECE
*INDIA EXPECTS THINGS TO SETTLE DOWN IN A DAY OR 2 ON GREECE
*INDIA SAYS IT'S NOT EXPECTING MAJOR IMPACT FROM GREECE CRISIS
*INDIA GOVT WILL ACT AS GREECE SITUATION UNFOLDS: FIN. SECRETARY
*INDIA WILL TRY TO BOOST EXPORTS, FINANCE SECRETARY SAYS

*INDIA'S VIX INDEX JUMPS 12.4%, MOST SINCE MAY 6

*GREECE MAY IMPACT INDIA IN `SHORT-TERM,' AMBIT'S HOLLAND SAYS
*AMBIT INVESTMENT ADVISORS CEO ANDREW HOLLAND COMMENTS IN E-MAIL
*FALL IN INDIA STOCKS IS A BUYING OPPORTUNITY, HOLLAND SAYS
*INDIA'S RUPEE MAY FALL UP TO 65/DOLLAR ON GREECE, HOLLAND SAYS
Here are the stocks that may face the Greece heat;

Bharat Forge

Derives 25 percent of revenues from export to Europe and hence will be impacted by a weaker euro.

Motherson Sumi

Derives 80 percent of revenues from its subsidiaries that are based in Europe

While consolidating financials, the weaker euro will impact Motherson's earnings in rupee terms

Cox & Kings

Negative primarily due to translational impact

65 percent of the EBITDA comes from UK travel and education business

Havells

Primarily translation impact due to Sylvania operations

Impact on earnings however not likely to be meaningful due to lower profitability in overseas business

HCL Tech

33 percent of direct revenues from Europe

IT Services and Health Care companies are net exporters to Europe

There will be adverse translational revenue impact for companies

SGX NIFTY 116 DOWN

BREAKING: Chinese stock markets open higher on Monday after PBoC cuts rates over the weekend
Shanghai Composite swings from 2.5% gain to 2.1% loss in opening minutes
And now, Shanghai Composite swings back to 0.5% gain!

Sgx down 97 8278

Business Standard
Ø  Greece considering bank closures and capital controls on Monday
Ø  Rajan did not imply world facing new Great Depression: RBI
Ø  American Tower, Carlyle lead race for Rel Infratel; bids value firm at up to Rs 24,000 cr
Ø  Sajjan Jindal's JSW Group bets big on ports sector
Ø  HDFC Bank breaches RBI limits on loans to Reliance
Ø  Germany's oldest remaining nuclear plant shuts down
Ø  Yes Bank plans $1-billion ADR issue next fiscal

Ø  Govt's capital spend in H1 might jump 25% this year
Ø  Govt rejects Cairn's arbitration on tax dispute
Ø  FinMin, RBI meet likely on June 30 on public debt office
Ø  Govt plans to set up Rs 500 cr VC fund for pharma industry
Ø  Road projects worth Rs13k cr awarded under PPP mode this fiscal
Ø  Unitech raises Rs 70 cr from Piramal group for Chennai project
Ø  Govt rejects Cairn's arbitration on tax dispute
Business Line

Mint
Ø  BSE starts work on setting up global stock exchange
Ø  SBI tells officials to take selfies at pledged properties
Ø  ‘Intellectual Property will help move economy forward’
Ø  CA Institute defers call on new revenue recognition concepts 
Ø  Lupin to strengthen branded portfolio through alliances
Ø  Suzlon to focus on domestic market, plans offshore mills in Gujarat 

Ø  Mahindra’s offer for Pininfarina rejected by creditors: report
Ø  Union Bank of India gets shareholders’ nod to raise Rs3,700 crore
Ø  RBI may give payment bank licence to DoP by August: minister
Ø  IMD forecasts less than normal rainfall in July, August
Ø  GVK Power and Infrastructure: airports segment IPO to relieve balance sheet stress
Financial Express

Financial Chronicle
Ø  IMF paper counters RBI's Rajan on easy policy being crisis recipe
Ø  Persistent low rates indicate global eco malaise, warns BIS
Ø  Across spectrum, German leaders condemn Greece's rejection of EU deal
Ø   CoalMin may ask discoms to get clearances before bidding

Ø  RBI cancels bond tranches at auction
Ø  IndiGo to file prospectus for $400m IPO next week
Ø  Indian steelmakers upset as Japan, S.Korea eat local market share
Ø  DBTL success prompts BPCL focus on rural markets

*CHINA CUTS INTEREST RATES, RRR FOR SOME BANKS
*CHINA CUTS ONE-YEAR DEPOSIT RATE BY 25 BPS
*CHINA CUTS ONE-YEAR LENDING RATE BY 25 BPS
Sun TV: Home Ministry clearance comes for SUN TV. 

INDIAN MARKETS:
SENSEX:27811.84(-84.13)
NIFTY:8381.1(-16.9)
BANKNIFTY(CASH):18371.5(-121.4)
SGXNIFTY:8379.5(-49.5)

EUROPEANMARKETS:
FTSE:6744.78(-63.36)
CAC:5017.04(-24.67)
DAX:11412.34(-60.79)

ASIAN MARKETS:
NIKKIE:20706.15(-65.25)
STRAITS:3320.9(-28.97)
HANGSANG:26663.87(-481.88)
SHANGHAI:4193.64(-334.14)

US FUTURES ON NSE:
DOW FUT:17857.5(-135)
S&P500 FUT:2096.25(-11)

Nifty ends below 8,400; banks, capital goods shares drag

Lactose (India) hits upper circuit

NBCC gains on securing order from Delhi Development Authority

Reliance Communications rallies after multiple block deals

IT shares buck weak market trend; TCS, Infosys up 1%

Cyient gains on FII buying

SRF hits lifetime high

Welspun Corp hits 52-week high on promoters' stake hike

Mastek extends rally after Cover-All Tech shareholders approve merger

MSRTC plans to launch mobile app, on-board food facility

Ericsson appoints Paolo Colella as India head

AirAsia India puts growth on hold while govt dallies over reforms

CreditMantri raises $2.5 mn in first strategic funding round

Reliance, ICICI to manage Rs 60,000-cr coal PF corpus

Essar's UK refinery turns a corner

Further hike in steel import duty unlikely: JSW Steel chief

Essar Oil UK posts $70 million profit in FY15

Reliance Retail floats jewellery scheme

Ericsson appoints Paolo Colella as India Head

Recall on course, Nestle to burn 30,000 tonnes of Maggi by July

GoAir's big test begins from 2016

Bhushan Steel chalks out plan to improve cash flows

Prov Figs as on 26-Jun-2015 

FII/FPI
Buy Value: 3326.73
Sell Value: 3530.47
Net Value: -203.74

DII
Buy Value: 1775.66
Sell Value: 1541.45
Net Value: 234.21

Cnx nifty is trapped in a range of 8330..8440 

Break towards 8440 has multie resistance till 8500 

Break towards 8330 can show 8280..8180 range

Close abv 8500 can show 8800

# DEPOSITS AT GREEK BANKS FALL IN MAY BY 3.6 BLN EUROS TO 135.7 BLN EUROS - ECB - RTRS
# LITHUANIA PRESIDENT SAYS AGREEMENT STILL POSSIBLE ON GREECE - RTRS
# GREEK PM TSIPRAS TO HOLD TALKS WITH GERMANY'S MERKEL AND FRANCE'S HOLLANDE ON FRIDAY - GREEK GOVT OFFICIAL

CALL ON JUST DIAL

Sell just dail ltp 1236 sl 1266 trgt 1188

CALL IN NIFTY

Sell nifty jul fut ltp 8374 sl 8440 trgt 8340/8288
Add qty if rises to 8400
Nifty low made 8350 ...heading near its trgt 8340
FRST TRGT ACHVD

Gave oppurtunity to sell again at 8400

Market Update:
Sgx Nifty -35 pts
Dow -75.71 pts ,Nsdq -10.20 pts , S&P -6.27 pts , Bovespa -666 pts , Ftse -36 pts , Dax +1 pts, Cac -3 pts, Nikkei  -28 pts , now, Crude @ $59.70/brl (-0.57) Brent @ $63.35 (+0.15), Gold @ $1174.40 (+2.60), Silver @ $15.88 (+0.04), Euro @ $1.120, JPY @ $123.536, INR @ $63.625



Today's Corporate Action 
26th June Ex Date

ALKYLAMINEDividend - Rs. - 4.00
KANSAINER Dividend - Rs. - 1.40 
SIYSIL Dividend - Rs. - 10.00


Today's Global Data


Jun 26: UK Jun Hometrack UK cities house price index; 0431 IST

Jun 26: Japan May household spending; 0500 IST

Jun 26: Japan May labour force survey; 0500 IST

Jun 26: Japan May consumer price index; 0500 IST

Jun 26: Eurozone May monetary developments in the euro area; 1330 IST

Jun 26: UK May land registry house price index; 1400 IST

Jun 26: US Jun University of Michigan survey of consumers; 1930 IST

Jun 26: Eurozone May new commercial vehicle registrations in Europe
statistics

Six Maharashtra co-operative banks in Rs 10,000 crore fraud:

Cooperative banks have once again come under the scanner of the income-tax (I-T) department. While the department suspects a mega fixed deposit (FD) scam spread over several co-operative banks.

BREAKING NEWS:

 ET NOW EXCLUSIVE: Indusind QIP of 4500 cr opens today. Pricing at `840 - 865 per share. CLSA, Morgan Stanley, JM Financial are bankers. 5 cr shares to be offered.

U.S. weekly jobless claims rise 3,000 to 271,000

 Prov Cash: Rs.crs: 
FIIs: +280.21 (6954.03-6673.82)
DIIs: -8.45 (2868.45-2876.90)
Cash Vol: 23349 vs 18672, +25%
F&O Vol: 537609 vs 419956, +28%

*Nifty OI @ Jul Inception 1.46cr shs(+9.6%) vs 1.33cr shs in Jul; Jul Basis @ +23pt vs +9pt
*India VIX @ 15.93(+0.1%), ATM IVs @ 14.8% vs 15.1%
*Nifty Jul Opt OI Chg: in lks:
8400CE:+4.39
8500CE:+9.03
8600CE:+4.20
8700CE:+4.69
8800CE:+5.98
8900CE:+2.80
9000CE:+4.77

7800PE:+4.16
7900PE:+2.08
8000PE:+2.29
8100PE:+2.25
8200PE:+4.91
8300PE:+9.07
8400PE:+4.27
8500PE:+3.90
*Highest OI @ 7900PE:50.35 & 8500CE:25.58

Tech Mahindra and HCL Tech fall more than 2 percent - top Nifty losers

PM Modi Slams Builder Lobby. Says Real Estate Looby looting weaker sections of society. 

Time for realty prices to come down, focus on low cost Smart Cities housing.

GREECE

PM Modi to launch the Smart Cities and Atal Mission for Urban Rejuvenation(AMRUT/earlier JNNURM) with budgeted spending of ~Rs500bn over 5 years. AMRUT spending in 500 cities to benefit Metros(Larsen, BEML,ABB, Siemens), Sewerage Treatment(VA Tech), Roads and transport(Ashok Leyland, Cummins). Key beneficiaries of Smart City(100 cities) are Schneider Electric, ABB, Siemens and Va Tech.

Buy Eq Tatamotors ltp 434 sl 416 add Qty if fall 424 trgt 446/464
High made 438.60

TATA MOTORS N ASHOK LEYLAND also get benefits from Smart City projects watch n catch..

CNX NIFTY

BE CAUTIOUS 

CNX NIFTY 

INTRADAY RESISTANCE 8370...80 ZONE

POSITIONAL RESISTANCE ZONE
8440...8500

WE CAN SEE SELLING AND FALL UPTO 
8140..80 IN COMING DAYSINTRADAY RESISTANCE GVN

TODAY'S HIGH 8371.70

11.06.15 Call @10 .08

BUY MOTHERSUMI FUT 480/484 TGT 499/509/519 SL SPOT BELOW 470...

All trgt achvd

Economic Times

 Business Standard
Ø  India leads FDI in S.Asia with 34 bn investment
Ø  Bharti Airtel files FIR; accuses Rel Jio of using data
Ø  Sebi to soon come out with crowd-funding norms
Ø  India to ship 16.5mn tonnes of iron ore to Japan, S Korea
Ø  France, Saudi to sign contracts worth $12-bn: Fabius
Ø  Essar Oil UK gets new long term working cap funding
Ø  Tech Mahindra to set up healthcare unit with $94 million outsourcing deal

Ø  More time may be needed to reach Greece deal: Euro FMs
Ø  Blips in coal auction due to over-enthusiastic bidders: Coal secretary
Ø  Sebi to start commodity brokers' registration from August
Ø  BASF commissions pilot plant for PU-aerogel insulating panels in Germany
Ø  Adani stops work at Australia coal mine due to delays, rejigs budget
Business Line

Mint
Ø  Greece bail out: Lenders reject some proposals
Ø  Grex to roll out online platform for unlisted firms to raise capital  
Ø  Govt to use 20% diesel requirements through bio-diesel
Ø  NSQF compliance to be mandatory for Govt funding: Rudy
Ø  Crude oil import bill may decline to $88 bn in FY16
Ø  L&T arm wins offshore contract worth Rs. 2,715 cr  

Ø  Saroj Poddar’s Texmaco Rail to merge Kalindee Rail with itself
Ø  Finance ministry to asses capital requirement of PSU banks
Ø  Road sector will see investments of over Rs1 trillion this fiscal: Vijay Chhibber
Ø  HUL in talks to buy Indulekha hair oil for Rs500 crore
Ø  MF distributors to manage assets worth Rs23 trillion by 2020: report
Financial Express

Financial Chronicle
Ø  RBI Chief sees little impact of Greece crisis on India
Ø  PM Modi voices concern over infrastructure projects delays
Ø  HC adjourns Aberdeen MAT case hearing to next week
Ø  Economic recovery more statistical than real: Yashwant Sinha
Ø  GMR Infra seeks 5/25 rejig of Rs 37,000 cr debt

Ø  Govt to put 8 coal mines on block post 3rd round of auction
Ø  Govt to weed out root cause of black money: Jaitley
Ø  Cognizant, Escorts forge multi-million dollar deal
Ø  Sebi approves reclassification of promoters
Ø  US economy contracts in Q1, but bounceback is on
Ø  Cheap oil spells 21.7% savings for India

Cnx nifty (8360)

Nifty finally has made a dip in this rally .
If it maintains below 8330 we can see 8280 /8250 coming 
Being expiry day today we can see volatality 
Uptrend can resume only abv 8500 with a breakout.

US News alert by Rcomm: USD Final GDP q/q Actual -0.2 %, Forecast -0.2%, Previous -0.7%

Volume Report :

Sun TV Network [-8.96%] topped by trading 3.7 times its 3-week average volume.

High (rupee) volume activity today was also recorded in 

Cummins India [+0.19%], 
Jet Airways [+1.42%],
Karnataka Bank [+0.45%], 
OnMobile Global [+2.07%], 
Castrol [-1.99%], 
Colgate [+2.46%], 
Ultratech Cemco [-1.60%], 
Aurobindo Pharma [+3.34%] and 
Jain Irrigation [-1.44%] (descending order). 

They all traded over 2.5 times their average daily volume (BSE+NSE) of the last three weeks.

These are the volume toppers from the 240 most active stocks.

Prov Figs as on 24-Jun-2015 

FII/FPI
Buy Value: 4491.20
Sell Value: 4398.63
Net Value: 92.57

DII
Buy Value: 1721.09
Sell Value: 1707.57
Net Value: 13.52

*Stk OI chg: (by highest %)
 -Fresh Longs:  IBREL, KBL, DABUR, WPL, Z, CLGT, BHEL, PTCIN, HUVR, APHS, ADANI.
 -Fresh Shorts: SUNTV, MCLR, TVSL, DEWH, STR, PLNG, CSTRL, SRF, IFCI, ADSEZ.
 -Short Cover:  MMFS, UT, JSW, CESC, IIB, MSS, LICHF, NHPC, HCLT, UBBL, APNT.
 -Long u/w's:   HAVL, RCOM, UNBK, ONGC, IOB, TATA, ENGR, PNB, ICEM, BOB, GDSP.

*Top OI Gainers:
SUNTV(+31%, -8.8%), MCLR(+23.4%, -2.6%), IBREL(+20%, +1.3%), TVSL(+19.4%, -2%), DEWH(+18.8%, -1.2%), STR(+17.3%, -1%), PLNG(+12.7%, -0.5%)

*Top OI Losers:
HAVL(-15.7%, -1.6%), RCOM(-13.3%, -3%), UNBK(-13%, -4.8%), ONGC(-12.8%, -0.4%), IOB(-11.4%, -1%), TATA(-10%, -3%), ENGR(-9.4%, -3%)

*Nifty fut OI +23.49lk shs(+12.7%); Disc -11 vs -4
*BkNifty OI -1.27lk shs(-4.7%)
*IndiaVix @ 15.92 (+5.8%); JUL IVs @ 15.2% vs 13.6%
*Nifty Jun Opt OI Chg: in lks:
8200CE:-4.62
8300CE:-4.95
8350CE:+6.44
8400CE:-1.85

8200PE:-7.17
8300PE:-8.56
8350PE:+5.10
*Highest OI @ 8200PE:51.02 & 8500CE:47.20

MARKET UPDATES

INDIAN MARKETS: 
SENSEX:27729.67(-74.7)
NIFTY:8360.85(-20.7)
BANKNIFTY(CASH):18365.55(-25.8)
SGXNIFTY:8342(-39)

EUROPEAN MARKETS:
FTSE:6852.47(+17.6)
CAC:5027.61(-30.07)
DAX:11420.85(-121.69)

ASIAN MARKETS:
NIKKIE:20868.03(+58.61)
STRAITS:3351.33(+11.55)
HANGSANG:27404.97(+71.51)

US FUTURE ON NSE:
DOW FUT:18017.5(-67.5)
S&P500 FUT:2111.5(-5.75)

GAINERS:
BHEL:+4.22%
ZEE:+2.79%
HUL:+2.38%
LUPIN:+1.92%
SUNPH:+1.56%

LOSERS:
PNB:-3.6%
HINDALCO:-3.58%
BOB:-2.93%
TATASTL:-2.72%
M&M:-2.53%

 Markets end lower amid volatile trading session

 Chennai Petroleum zooms 100% in one month

 Cadilla Healthcare gains on USFDA nod for neurological drug

 Sun TV Network extends decline on heavy volumes

Infinite Computer gains on board approval for share buyback proposal

 Persistent Systems dips post Q1 revenue growth outlook

 Essar Oil UK secures new long-term working capital facilities for Stanlow refinery

 After Maggi, Nissin's Top Ramen under scanner for containing lead

 Vedanta to set up 4,000 anganwadi centres in India

 Sebi bans three firms from raising money from public

 Zydus wins USFDA nod for neurological drug

 Gujarat Pipavav suspends port operations due to cyclonic conditions

 Adani stops work at Australia coal mine due to delays, rejigs budget

 Startup News: Porter raises Rs 35 crore from Sequoia, Kae, others

 Adani halts work on Australia's Carmichael coal mine project: report

 Boeing names Muilenburg as new CEO

NATURAL GAS IS SHOWING SIGNS OF SUPPORT, 172.40 - 172.80  ZONE ABOVE 178, WE CAN SEE A GOOD MOVE .                                                                                               AND IF IT BREAKS 172 LEVELS FURTHER SELLING CAN BE SEEN .
Has broke 178

BSE metals index falls 1.6 percent, realty, PSU and oil & gas indexes down nearly 1 percent - top sectoral losers

Top Nifty gainers - BHEL rises 3.8 pct, Zee Entertainment gains 3.3 pct, Lupin rises 19 pct,

Top Nifty losers - Hindalco loses 3.8 pct, PNB down 3.8 pct, Bank of Baroda loses 3.4 pct

• GOLD IS SHOWING CONSOLIDATION TODAY AFTER A FALL OF 3 DAYS FROM 27245 - 26535 .                                                                                                                                  
• IF IT MANAGES TO TRADE ABOVE 26680 WE CAN SEE SOME BOUNCE BACK, IF IT BREAKS TO 26500, SELLING PRESSURE CAN TAKE PLACE.

• CRUDE IF MAINTAINS ABOVE 4000, WE CAN SEE IT BREAKING FROM A RANGE OF TWO MONTHS. 
• IF FACES RESISTANCE (3940-3990) ,WE CAN SEE IT FALLING TOITS SUPPORT ZONE OF 3800 .
• CRUDE INVENTORY DATA WILL FURTHER SHOW THE MOVE TODAY.

CALL ON NATURAL GAS

NATURAL GAS BUY 173.60 SL 172 TRGT 177.40
Trgt achvd
ABOVE 178, WE CAN SEE A GOOD MOVE AND IF IT BREAKS 172 LEVELS FURTHER SELLING CAN BE SEEN .
Has broke 178
High made 183.30

CALL ON RELIANCE

Sell Rel Capital ltp 358 sl 372 trgt 354/347/342
Sl hit

Stock of the month June

1st june 
Buy Biocon ltp 460 add more quatity if falls to 440 lvls sl 420 on closing basis trgt 494++

18.06.15 made high of 476
Low is 429 on 4 th june
Today it has crossed 476 made high of 478 

We can see our trgt by the end of this month

HSBC raises Britannia Industries target price to 2,800 rupees from 2,700 rupees; rating hold.

11.06.15 Call @10 .08

BUY MOTHERSUMI FUT 480/484 TGT 499/509/519 SL SPOT BELOW 470...

Second trgt achvd

Positive for lupin sunph
15 years tax holiday
Bulk drug policy to be passed in cabinet today.

NIFTY

If cnx nifty breaks 8360 we can see 8280 lvls

CNX NIFTY (8381)

Due to expiry we can see volatality in market

Nifty can show uptrend abv 8400 upto 8440/60/80
8500

Strong support 8360 ..50
Resistance 8440..60..80 zone

Market Update:

Sgx Nifty 18 pts




Today's Corporate Action 
24th June Ex Date

ASIANPAINT Final Dividend - Rs. - 4.3000
CANFINHOME Dividend - Rs. - 7.00
LANCORHOL Bonus issue 1:1 


Today's Global Data


Jun 24: US American Petroleum Institute weekly statistical bulletin for the week ended Jun 19; 0200 IST

Jun 24: Japan May Bank of Japan policy meeting minutes; 0520 IST

Jun 24: Germany Jun Ifo business climate index; 1330 IST

Jun 24: UK May British Bankers' Association main high street banking groups
Statistics; 1400 IST

Jun 24: US Mortgage Bankers Association weekly mortgage applications survey
for the week ended Jun 19; 1630 IST

Jun 24: US Jan-Mar third estimate of gross domestic product; 1800 IST

Jun 24: US Jan-Mar revised corporate profits; 1800 IST

Jun 24: US Energy Information Administration weekly petroleum status report
for week ended Jun 19; 2000 IST

Jun 24: UK OECD Local Economic and Employment Development forum on
partnership and local development annual meeting

Jun 24: German Chancellor Angela Merkel meets UK Prime Minister David
Cameron in Berlin

Jun 24: UK financial policy committee meeting, attended by Bank of England Governor

Jun 24: Eurozone quarterly report on the euro area

Economic Times

Business Standard
Ø  Sebi rejigs IPO norms; halves listing time to 6 days
Ø  India to inject about $3 bn this fiscal year in state-owned banks
Ø  RIL investors concerned over its media, telecom bets
Ø  Infosys grants 124,061 restricted stock units to Vishal Sikka
Ø  3M buying Capital Safety from KKR for $1.8 bn
Ø  Top BSE stakeholder urges FM to review exchange norms
Ø  El Nino phenomenon to have no impact on monsoon rains: Expert

Ø  FMC's merger with SEBI by September
Ø  Govt notifies new, simplified incom tax returns forms
Ø  Private sector investments imperative for growth: Jaitley
Ø  Co-payment in health insurance only after netting hospital discounts, says IRDAI
Ø  RIL, ONGC, SBI, BHEL, L&T could be out of Sensex in 10 years: Ambit Capital
Ø  GMR Infrastructure seeks loan recast under 5/25 scheme
Business Line

Mint
Ø  ECB raises emergency funding for Greek banks 
Ø  Land Bill: Jaitley hints at joint session of Parliament 
Ø  FSSAI extends ban on Chinese milk products 
Ø  Concluding trade pact with India is Australia's top priority: Andrew Robb
Ø  BHEL commissions 250-MW thermal unit in Assam
Ø  SoftBank keen on working with AP in renewable energy sector 

Ø  Sebi approves trading platform for start-ups
Ø  Investments surge in India’s telecom industry
Ø  All tax refunds to be put directly in bank accounts, says CBDT
Ø  L&T Infotech to list on exchanges by December 2015: report
Ø  Videocon will be an oil and gas firm in three years: Venugopal Dhoot
Ø  Govt mulls roping in states for commercial mining of coal
Financial Express

Financial Chronicle
Ø  Fin Ministry reduces penalty for customs duty fraud by 10%
Ø  Govt has not decided on recapitalisation figures for banks: Arun Jaitley
Ø  Greece debt crisis: 11 keypoints in Alexis Tsipras's cash-for-reform proposals
Ø  BlackBerry first quarter software revenue jumps to $137 mn
Ø  Ashok Leyland wins $82 mn bus contract from Senegal

Ø  Mkts extend gain on above-normal monsoon, global cues
Ø  Indian biz sentiment boosted by June rate cut: Study
Ø  85% Indian retailers use emails for customer outreach
Ø  RBI external panel members backed rate cuts at June meet
Ø  Mahindras launch Jeeto CV, to invest `150 crore
Ø  Jubilant gets USFDA nod for generic levofloxacin tablets

MARKET UPDATES

Dow:18144       +24  +0.58%
Nasdaq:5160      +6  +0.72%
S&P500:2124     +1   +0.61% 
Nikkei:20867    +49  +0.22%
Infy: -0.95%,      Wit:+0.66%
Ttm: -0.96%,     Rdy:+1.17%
Hdb:+0.66%,     Ibn:+0.00% 
SBID:+0.57%, RIGD: -0.01%
Us/Inr: $63.61,  Eu/Us:1.11
DIX:  95.34,       JPY: 123.80
Gold: $1178, Silver: $15.78
Oil: $61.15,   Brent: $64.62
SGX Nifty: 8387.00 +6.00

NEWS ON ASHOK LEYLAND

Ashok Leyland wins $82 million bus contract from Senegal

Volume Report : 

Indiabulls Real [-1.92%] topped by trading 3.3 times its 3-week average volume.

High (rupee) volume activity today was also recorded in 

Eveready Ind [+4.43%], 
Rajesh Exports [+4.61%], 
Chennai Petro [+10.78%], 
Marksans Pharma [+1.79%], 
United Spirits [-2.03%], 
SRF [+0.56%], 
Arvind [+4.00%], 
NBCC [+2.35%], 
Snowman Logistic [+2.89%], 
Crompton Greaves [+2.16%], 
PNB [+3.74%] and 
Jubilant Food [-0.66%] (descending order). 

They all traded over 2.0 times their average daily volume (BSE+NSE) of the last three weeks.

These are the volume toppers from the 240 most active stocks.

GOLD 5th AUGUST ( 26702)

• GOLD POSITION TREND IS DOWN. 
• WE CAN SEE SOME PULL BACK FROM YESTERDAY'S FALL AS THE LOW IS BOUNCE BACK ZONE (26600-26700).
• IF GOLD BOUNCES FROM HERE AS TILL NOW THE LOW IS 26703 AND MAINTAIN ABOVE 26800 WE CAN SEE SOME RECOVERY.
• IF TRADES BELOW 26680 WE CAN SEE STEP FALL 26580.

CNX NIFTY 8375

Tomorrow if nifty maintains below 8360 we can see selling . If maintains abv 8400 we can see 8500

CALL ON NATURAL GAS

Sell NATURAL GAS JUN FUT @173
Add more around 174 sl 175 trgt 171.40/169.80

CALL ON NATURAL GAS

Sell NATURAL GAS JUN FUT @173
Add more around 174 sl 175 trgt 171.40/169.80

Call of 10 .06.15

Buy Voltas jun fut ltp 345 add more if falls to 332 sl 324 trgt 360/370

Today made high 359.80


Book profit

Trail sl to 350


ALMOST TRGT ACHIEVED..

CALL ON CRUDE

Buy crude oil @3820 trgt 3880/3940/3980 
sl 3750
Frst trgt achvd 
High made 3934
Almost second trgt achvd

MCX

Massive big news for MCX: SEBI to allow FIIs in commodity trading 

Sebi to pave way for foreign participation in commodity derivatives

Sebi board meet to discuss integration with commodities regulator, listing norms for start-ups and e-IPOs

CALL ON DISH TV

Buy Dish Tv ltp 107 sl 104 trgt 111.20
Our call dish tv has made a gud support at 104 zone it should go up 
But if for instance breaks 104 and maintains we can see 96 
Be cautious 

Cnx nifty (8353)

● Yesterday nifty showed one way rally to its stiff resistance of 200 sma 8361

● Today if it maintains abv 8360 we can see again rally to 8440/8460/8480

● If maintains below 8360 we can see it cooling down to 8290 lvls 

● We have been in a rally in one direction from last 7 working days .One dip is due in this market which will be a gud accumulating support for traders to enter .
● If we see a dip we can also see a inverse head and shoulder formation in daily charts in coming days

NEWS

3 event risks this week

·1 Greece deal: Risks not really priced into             Indian market. Expect RBI to defend                   Rs65/USD selling US$15bn if talks fail.
·2 US$5bn FPI G-sec limit hike: Expect soon if        Greek deal, with Fed dovish. Sovereign gold      bonds: Risky if price not hedged.
·3 SOI: Next 10-15 days will show if it continues     in neutral zone & eases El Nino/drought             concerns. Rains now 116% of normal.

Jubilant Life

JUST NOW : Jubilant Life gets USFDA approval for Levofloxacin oral tablet JUST NOW : Lupin board okays raising funds up to ₹7500 cr via securities issue

Morning Call – 23/06/2015

Markets ended higher amidst monsoon progress

Ø  Benchmark indices gained for the seventh straight day amid hopes on improvement in monsoon may lead to an earlier-than-expected rate cut by the RBI.
Ø  Global risk appetite was firm lifted by a wave of optimism that Greece and its international creditors would strike a last-minute deal that will see it avert default.
Ø  Indiabulls Real Estate surged 30% on reports its promoters will buy 10% stake in the property development company for INR 5.38bn.
Ø  Skymet suggest that 80% of cultivation areas have seen normal to above normal rains.
Ø  Road ministry and NHAI are looking to award 10,000km of road projects in FY16.

Global Macro
Ø  Sales of existing homes in US rose 5.1% in May to a seasonally adjusted annual rate of 5.35 million, hitting the fastest pace since November 2009.
Ø  Investor leverage in Chinese stocks fell to 1.479tn Yuan from 1.483 tn Yuan, making for the first decline since May 22.


Corporate Buzz

Ø  Wockhardt gets USFDA nod to market pain-relieving drug Oxycodone HCl liquid; market size estimated to be about USD 58mn.
Ø  Aurobindo Pharma receives final approval from the USFDA to manufacture and market two generic products, Entacapone tablets and Azithromycin injection.
Ø  Hero MotoCorp enters in to consumer electronics market by acquiring a majority stake in Mybox technologies; to invest INR 5bn over the next few years.
Ø  Reliance Jio gets provisional nod for TV content distribution at pan-India level in digital cable TV space; aims 100% national coverage within the next three years.
Ø  GVK Power and Infrastructure receives buy-out notice from APTransco.
Ø  Blue Dart Express buys majority stake (from 49% to 70%) in Blue Dart Aviation.
Ø  JSW Steel to drastically reduce iron ore imports in FY16 as the domestic iron ore production is set to increase this year.
Ø  SAIL prepares feasibility report to set up a 3 MT capacity integrated steel plant in Telangana.
Ø  ICICI Bank ties up with Alibaba to provide easy finance to SMEs.
Ø  Jain Irrigation expects INR 1bn export from Jalgaon unit annually.
Ø  L&T wins fresh orders worth INR 15bnfrom Emirates Global Aluminum and SAIL.
Ø  Tata Docomo launches free roaming incoming calls for 6 months for its pre-paid GSM and CDMA customers in Mumbai.

Ø  SoftBank, Bharti Enterprises and Foxconn to enter solar power; aim to set up 20 GW of solar power generation capacity over the next 10 years.



Outlook

Ø  Benchmark indices are likely to open on a flat note with positive bias amidst optimism as euro leaders seek a solution to the Greek debt impasse.

Market Update:

Sgx Nifty +6 pts
Dow +103.83 pts ,
Nasdaq +36.96 pts , 
S&P +12.86 pts , 
Bovespa +114 pts , 
Ftse +115 pts , 
Dax +420 pts, 
Cac +183 pts, 
Nikkei  +102 pts , 
now, Crude @ $60.18/brl (-0.20) 
Brent @ $63.21 (-0.13), 
Gold @ $1185.80 (+1.70), Silver @ $16.15 (+0.00), 
Euro @ $1.134, 
JPY @ $123.457, 
INR @ $63.515


Indian Adr/Gdr

Infy:+1.97%,     Wit:+0.75%
Ttm:+2.30%,    Rdy: -0.15%
Hdb:+2.64%,     Ibn:+1.07% 
SBID:+2.54%, RIGD: -0.79%

Today's Corporate Action 
23rd June Ex Date

CENTRALBK Final Dividend - Rs. - 0.50 
INDIANB Dividend - Rs. - 4.20 UCOBANK Final Dividend - Rs. - 2.00 
VASCONEQ Right Issue of Equity Shares


Today's Global Data


Jun 23: World Bank President Jim Yong Kim speaks at The Korea Society Annual
Dinner; 0230 IST

Jun 23: Japan Jun flash manufacturing purchasing managers' index; 0705 IST

Jun 23: Germany Jun Flash purchasing managers' index; 1300 IST

Jun 23: Eurozone Jun Flash purchasing managers' index; 1330 IST

Jun 23: UK Jun Confederation of British Industries monthly industrial trends
Survey; 1530 IST

Jun 23: US Goldman Sachs weekly chain store sales index for week ended Jun
20; 1715 IST

Jun 23: US May advance report on durable goods; 1800 IST

Jun 23: US Johnson Redbook retail sales index for week ended Jun 20; 1825
IST

Jun 23: US Apr monthly house price index; 1830 IST

Jun 23: US Jun Flash manufacturing purchasing managers' index; 1915 IST

Jun 23: US May new residential sales; 1930 IST

Jun 23: US-China strategic and economic dialogue begins

Bloomberg

Bloomberg: Sales of Existing U.S. Homes Increase to Highest Since 2009 - Bloomberg - Sales of Existing U.S. Homes Increase to Highest Since 2009.

Volume Report :

Indiabulls Real [+30.20%] topped by trading 10.0 times its 3-week average volume.

High (rupee) volume activity today was also recorded in 

Karnataka Bank [+8.64%], 
Bajaj Finance [+4.07%], 
Escorts [+3.65%], 
Tata Sponge Iron [+1.16%], 
Apollo Hospitals [+3.84%], 
Eveready Ind [+5.57%], 
Marksans Pharma [+4.51%] and 
Bajaj Finserv [-0.42%] (descending order). 

They all traded over 2.0 times their average daily volume (BSE+NSE) of the last three weeks.

These are the volume toppers from the 240 most active stocks.

NEWS

EUR Consumer Confidence
-6 VS -6 

US Existing Home Sales
5.35M VS 5.04M ===> DATA IS WEAK FOR BULLION

MARKET UPDATES

FNO Stats

Index Futs: 
FIIs +14,58,525, 
Props +2,71,250, 
Clients -14,48,750

Index Calls: 
FIIs +23,04,725, 
Props +6,99,850, 
Clients -30,35,825

Index Puts: 
FIIs -19,475, 
Props -21,17,825, 
Clients +21,37,300
22/6/15
BSE:+414(27730)
NSE:+128(8353)
MID:+156(10643)
SML:+152(11095)
Fll|FPI:+651Cr
Dll:-94Cr
B.Crude$:63
Gold$:1193=INR:26909
Silver:36667
Rs/$: 63.51
8.40GSec: 7.90
NSE PE: 23.15
CNX MID CAP PE: 23.15

NEWS ON AURO- PHARMA

*AUROBINDO GETS FINAL FDA APPROVAL FOR AZITHROMYCIN: STATEMENT
*AUROBINDO GETS USFDA APPROVAL FOR AZITHROMYCIN FOR INJECTION
*AUROBINDO PHARMA GETS USFDA APPROVAL FOR ENTACAPONE PILLS
*AUROBINDO SAYS ENTACAPONE USED FOR PARKINSON'S TREATMENT
*AUROBINDO SAYS ENTACAPONE BIOEQUIVALENT OF ORION'S COMTAN