RUSSIAN CENTRAL BANK LOWERS KEY RATE BY 50 BPS TO 11%, MATCHING EST.

(BLOOMBERG)

# L&T Says: Prospects In Urban Infra, Transportation Infra Look Promising
# L&T Says: Business Environment Stays Challenging In The Short-term
# L&T Q1: Cons Order Book At Rs 2.39 Lakh Cr As On June 30
# L&T Q1: Cons EBITDA Margin At 11.3%
# L&T Q1: Cons EBITDA At Rs 2,290 Cr Vs CNBC-TV18 Poll Of Rs 2,416 Cr
# L&T Q1: Cons Total Income At Rs 20,252 Cr Vs CNBC-TV18 Poll Of Rs 20,066 Cr
# L&T Q1: Cons Net Profit At Rs 606 Cr Vs CNBC-TV18 Poll Of Rs 830 Cr

23.07.15 

Positional call @ 9.29

Buy cipla ltp 675 add qty if falls to 666..656...640 sl 632
Trgt 696...710..718..740

Third trgt achvd

Imp  results today

SUN TV
SRTRANSFIN
TITAN
LT
ICICIBANK
Cesc

 Adani transmission listing today. Tentative price 30 to 32 rs fwd

NIFTY UPDATE

8400 ...8420 very imp level, if  maintains above this good.. if maintains below this we can see steep fall too..

Just IN: DIPP: 49% FII through auto route to be allowed in Brownfield pharma (Marksans, Elder and JB Chem), retail (FRL and Trent), tea plantation (BBTC, Tata global, Jayshree), insurance & pension (Max, SBI and ICICI) (Positive for companies of these sectors)

#GlenmarkPharma: #EarningsReport: Cons PAT at Rs 190 cr vs Rs 180 cr, up 5.6% YoY|Cons net sales at Rs 1,640 cr vs Rs 1,480 cr, up 10.8% YoY

Today morning analysis @7.18

Cnx nifty (8375)

Nifty has made a doji with support around 8300..8320 zone
If maintains abv 8390..8415 zone we can see good pull back to 8480..8500 zone and reversal of the fall of last few days 

IMP LVL 

As mentioned earlier break down below 8300 can show 8200

TODAY IT SHOWED GOOD MOVE AND MADE A HIGH OF 8458

Cnx nifty ltp 8425 has to maintain abv 8420 on closing basis to maintain its reversal

28.07.15

Call @ 3.27

Buy hexaware Aug series ltp 270 trgt 282/294
SL 264

High made 288.80 
FIRST TRGT HIT

COLGATE 
Income :1010crv/s 957cr
Profit :114cr v/s 135cr
Ebita:202cr v/s 194cr
Margine:20.2% v/s 20%



Colgate 1:1bonus

Sjvn  result
Income:776cr v/s 675cr
Profit:484cr v/s 424cr

Dr Reddy  result
Income:3758cr v/s 3512cr

Profit :626cr v/s 550cr

Ebita:771cr v/s 648cr

DENA BANK RESULT:

NII:627CR V/S 612CR

PROFIT:15CR V/S 82CR

GROSS NPA:6.25% V/S 5.45%

NET NPA:4.24% V/S 3.82%

STOCK AT 52-WEEK HIGH

Aditya Bir. Nuv. 
Ashok Leyland 
Bajaj Finserv 1842.30 
Britannia Inds. 
Emami 
Glaxosmit Pharma 
Godrej Consumer 
IndusInd Bank 
Maruti Suzuki 
Max India 558.00 
SKS Microfinance

Sadbhav Engg shrs off lows; Gammon Infra may not buy co's project 

Strides Arcolab: Karnataka govt allocated land for biopharma unit 

Strides Arcolab shifts biopharma unit plan to India from Malaysia 

Gabriel India shares erase gains, down 0.2% post Apr-Jun earnings 

Gabriel India Apr-Jun net sales 3.4 bln rupees vs 3.5 bln 

Gabriel India Apr-Jun net profit 174.6 mln rupees vs 137.0 mln 

Gabriel India Apr-Jun net sales 3.4 bln rupees 

Gabriel India Apr-Jun net profit 174.6 mln rupees 

 Gammon Infra was to close Sadbhav Mumbai-Nashik deal Jun 

Gammon Infra lacks cash for Sadbhav Mumbai-Nashik road deal 

Gammon Infra was to buy Sadbhav Mumbai-Nashik project shr 

Sources: Gammon Infra may cancel Sadbhav road project shr buy deal 

Main Asian share indices at 1315 IST 

Oriental Bank: Asset quality likely to improve in Oct-Mar 

Oriental Bank: Expect credit growth of around 12% in FY16 
Oriental Bank: Expect credit growth to pick up in Oct-Mar

Shasun Pharma to pay 1 rupee/share interim dividend

Bank Of Baroda #EarningsReport
PAT at Rs 1,052 cr vs Rs 1,362 cr, down 22.8% YoY
Gross NPA at 4.13% vs 3.72% QoQ


Bank of Baroda #EarningsReport:
Net NPA at 2.07% vs 1.89% QoQ 
Provisions at Rs 600 cr vs Rs 527 cr YoY, (vs Rs 1,817 cr QoQ)


Bank of Baroda #EarningsReport:
NII at Rs 3,460 cr vs Rs 3,328 cr, up 4% YoY
Provision coverage ratio at 64.94%
ITC RESULT

EBITA:3386CR V/S 3278CR

MARGINE:39.4% V/S 35.44%

PROFIT:2265CR V/S 2186CR

INCOME:8588CR V/S 9276CR
STRIDS ACROLAB RESULT

PROFIT:42CR V/S 19CR

EBITA:53.3CR V/S 52.3CR

INCOME:276CR V/S 260 CR

MARGINE:19% V/S 20%

27/07/2015
Gold if faces resistance around 24900...25030 one can sell with 
SL 25120 trgt 24670
If crosses 25040 and maintains above it we can see 25400...
LOW MADE 24659
HIT TRGT

23/07/2015
Positional call

Buy Cipla ltp 675 add qty if falls to 666..656...640 sl 632
Trgt 696...710..718..740

FIRST TRGT ACHIEVED
HIGH MADE 707.70
NEAR SECOND TRGT

CALL OF
28/07/2015
Buy Hexaware aug series ltp 270 trgt 282/294 
sl 264
HIGH MADE 282.75
FIRST TRGT ACHIEVED

TOP EVENTS TODAY

* Nifty companies detailing Apr-Jun earnings:
 + BANK OF BARODA (net profit seen 9.34 bln rupees, down 31% YoY)
 + DR REDDY'S LABORATORIES (consol net profit seen 5.4 bln rupee, down 1% YoY)
 + ITC (net profit seen 23.60 bln rupees, up 8% YoY)
 + KOTAK MAHINDRA BANK (net profit seen 5.54 bln rupees, up 29% YoY)
 + NTPC (net profit seen 21.7 bln rupees, down 1% YoY)

ASTRAZENECA PHARMA INDIA: The Delhi High Court has dismissed the company's
plea to block Hyderabad-based Lee Pharma from making copies of its
anti-diabetes drug Onglyza. (ET)

* ALSTOM T&D INDIA: Said project execution delays and stiff competition from
other transmission companies led to a fall in Apr-Jun operating margins.
(Cogencis)

* BHARAT PETROLEUM CORP: Is set to import a rare cargo of Sokol crude from
Russia's Far East to take advantage of falling crude prices. (RTR)

* EVEREADY INDUSTRIES INDIA: Is likely to diversify and enter the home and
kitchen appliances market in India. (BS)

* HINDALCO INDUSTRIES: Is in talks with banks to refinance around 70 bln
rupees of loans for projects Aditya Aluminium and Utkal International. (FE)

* HOUSING DEVELOPMENT FINANCE CORP: Will raise up to 50 bln rupees through
non-convertible debentures to boost lending operations and meet its future
capital needs. (PTI)

* ITC: Has terminated the services of 40 managers over unsatisfactory
performance at a time when the company faces pressure on revenues. (ToI)

* JSW STEEL: Reported Apr-Jun consolidated loss of 1.07 bln rupees on year as
compared to profit of 6.56 bln rupees and net sales were down 12.9% at 113.82
bln rupees. (Cogencis)

* MAHINDRA & MAHINDRA FINANCIAL SERVICES: Is planning to raise 1.60 bln
rupees through issue of bonds at 8.80% internal rate of return. (Cogencis)

* MARUTI SUZUKI INDIA: Said its DZire has reached sales of 1 mln units since
its launch in March 2008. (Cogencis)
  Plans to accelerate new product launches in India in line with its vision
of selling 2 mln cars per annum by 2020. (PTI)

* NESTLE INDIA: Maharashtra Food and Drug Administration said the company did
not follow the legal procedure after it had been asked to explain presence of
excess lead in samples of Maggi noodles. (Cogencis)
  Reported a loss of 644 mln rupees in Apr-Jun as against a net profit of
2.88 bln rupees a year ago and net sales were down 20.05% at 19.34 bln
rupees. (Cogencis)

* NHPC: Reported net profit at 7.67 bln rupees, up 24.5% on year and net
sales were down 2.4% at 19.86 bln rupees. (Cogencis)

* NTPC: Has decided to sign fresh power purchase pacts with its existing
customers and bundle thermal with solar power in 85:15 ratio. (ET)

* PIRAMAL ENTERPRISES: Plans to invest 100 bln rupees from its structured
finance group in infrastructure and other sectors over the next few years.
(Mint)

* SPICEJET: In talks with Boeing and Airbus to buy 80-120 planes in eight
years. (BS)

* SUNDARAM FINANCE: Acquired an additional 26% equity stake in Royal Sundaram
Alliance Insurance Co for 4.5 bln rupees. (Cogencis) End

* SUN PHARMACEUTICAL INDUSTRIES: Is cutting staff again as it digests the
$3.2-billion acquisition of Ranbaxy Laboratories. (ET)

Cnx nifty (8375)

Nifty has made a doji with support around 8300..8320 zone
If maintains abv 8390..8415 zone we can see gud pull back to 8480..8500 zone and reversal of the fall of last few days 

IMP LVL 

As mentioned earlier break down below 8300 can show 8200

Today's Result
BOB
Colgate
DRL
Exide
Glenmark
Idfc
Itc
Ntpc
Obc
Petronet
Star
Ador fontech
Alicon
Ashoka
Astra Micro
Balajiamines
Denabank
Electrosteel casting
Essel propack
Gabriel
Gati
Ghcl
Goodrick
Gppl
Gujfluro
Hcc
Hil
Hsil
Ifbind
Indoco
Ipca
ipring
jmfinancial
Jyothlab
Kansainero
Kirlfer
Kokuyo
krbl
LGbros
Mirza
Mysorbank
Ncv
Nelco
Nuclues
Oilcountry
Onmob
Raunakint
Rswm
Sequent
Shantigear
Shasun pharma
Shemrao
sjvn
Thomascook
Ttml
Usha martin
vijayabank


BREAKING: Fed keeps rates unchanged » http://t.co/09tI6oRhgN

Cabinet approves amendments to the GST Constitutional Amendment Bill.

29-Jul:
*Stk OI chg: (by highest %)
 -Fresh Longs:  AMRJ, SUNTV, CSTRL, TVSL, BHE, BPCL, IOCL, ALBK, SKSM, BAF, HNDL
 -Fresh Shorts: GNP, GDSP, DRRD, EIM, UT, IGL, PAG, IHFL, HPCL, DABUR, JPA, SBIN
 -Short Cover:  CEAT, CENT, MTCL, PIDI, MSS, HZ, NMDC, IDEA, LT, IDFC, IRB, UBBL
 -Long u/w's:   DITV, SNDB, PNB, CBK, IOB, MM, GMRI, UNBK, BOB, TPWR, GAIL, IDBI

*Top OI Gainers: 
GNP(+22%, -4.4%), GDSP(+16%, -0.6%), AMRJ(+15.6%, +2.8%), SUNTV(+14%, +11%), CSTRL(+13.3%, +3%), TVSL(+13.2%, +1%), BHE(+12.7%, +4.7%)

*Top OI Losers:
CEAT(-14%, +7.7%), DITV(-13%, -4%), SNDB(-12.8%, -0.6%), CENT(-10.7%, +4.2%), PNB(-10.2%, -3.5%), CBK(-9%, -2%), MTCL(-9%, 2%)

*Nifty fut OI -3.68lk shs(-1.5%); Prem +3 vs +14
*BkNifty OI +0.49lk shs(+2.1%)
*IndiaVix @ 15.88 (-0.2%); AUG IVs @ 14.8% vs 15.4%
*Nifty Jul Opt OI Chg: in lks:
8300CE:-6.35
8350CE:-2.16
8400CE:-14.23
8450CE:+2.96
8500CE:-2.06

8200PE:+2.36
8250PE:+2.97
8300PE:+5.79
8350PE:+5.83
8400PE:-8.50
*Highest OI @ 8300PE:52.27 & 8500CE:57.31

STOCK AT 52-WEEK HIGH

Aditya Bir. Nuv. 
Ashok Leyland 
Bajaj Finserv 1803.15 
Britannia Inds. 
H P C L

Shares in Glenmark Pharma fall 2.6 percent. Credit Suisse downgrades the stock to "underperform" from "neutral" saying the stock is already pricing best case scenario.

Vendanta and National Aluminium Co rise nearly 2 percent, Tata Steel and Hindalco gain more than 1 percent - top gainers in the BSE metals index which is up 0.8 percent

CS DOWNGRADES GLENMARK
Consensus numbers for FY17 should be cut by 10% due to
Finacea and have overall 20% downside
From Rs36 EPS in FY16, consensus is expecting EPS to grow 48% in
FY17 to Rs53 (excluding Zetia). Out of this Rs53, Finacea is expected
to contribute Rs5 (10%). Finacea has a market size of US$130 mn –
assuming 30% price erosion and 50% market share, this amounts to
revenues of $35 mn and margins of more than 90% (sole player). With
the case loss, it is unlikely Finacea could be launched in FY17.
Venezuela risk remains underappreciated
The extent of Glenmark's Venezuela exposure is not fully appreciated
by the market. In our view, Venezuela is about 10-15% of Glenmark's
EBITDA. Forex reserves of Venezuela are fast depleting with o/s
reserves down to $16 bn vs. $20 bn in April-2015. We have built-in a
devaluation in currency in FY17.
Balance sheet deterioration has been overlooked
Balance sheet metrics for Glenmark have been worsening with
receivable days high at 140 days in FY15, back to the levels in FY11
and cash flow generation remaining weak with net debt increasing in
4Q15 by $50 mn and by $70 mn for FY15.
Downgrade to UNDERPERFORM; stay 20% below
consensus
We had not built in Finacea in our estimates; hence there are no cuts
to our numbers. We find Glenmark expensive at 24x FY17 EPS
(excluding Zetia) and our EPS stays 20% below consensus in FY17.
We downgrade the stock to UNDERPERFORM. TP remains at Rs775.

Cnx Nifty (8337)

Nifty has made a inverted Hammer yesterday if maintains abv 8320 ..8300 zone it can show some pull back to 8410 zone
If breaks 8300 we can see 
8260..8200




Bank Nifty jul fut (18314)

Bank nifty has made a doji near its stiff resistance zone of 18330...18430
Abv this lvl it can show rally 
If trades below 18180 we can see it falling to 18070..17800

Market Cues: YES BANK Q1 Net Profit Seen At Rs 531 Cr Vs Rs 439 Cr (YoY)




CS raises Maruti Trgt to 5100

Torrent pharma might show some action today bcz of some sound results

Key Results Today:

Advanta, Allahabad Bank, Blue Dart, Castrol, Dabur, Essar Oil, Excel Crop, Gandhi Spl Tube, Godrej Consumer, HEG, Hikal, IFB Agro, IIFL Holdings, JSW STEEL, Mphasis, NHPC, Navin Fluorine, Nestle, Sagar Cement, UPL, Vedanta, WABCO India, Yes Bank, Zydus Wellness

Petrol & diesel price ready for 5% to 10% reduce on 31july....

Thermax Q1 net profit jumps 49% to Rs 61.6cr


Maruti Q1 profit jumps 56.5% to Rs 1193 cr, revenue in line


Union Bank Q1 profit falls 22%, NII misses forecast, NPA up


PNB Q1 profit halves to Rs 721 cr, asset quality improves

Pidilite Industries Ltd has announced the following results for the quarter ended June 30, 2015 

The Unaudited Standalone results for the Quarter ended June 30, 2015:

The Company has posted a net profit of Rs. 2195.40 million for the quarter ended June 30, 2015 as compared to Rs. 1642.80 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 12302.70 million for the quarter ended June 30, 2014 to Rs. 13150.80 million for the quarter ended June 30, 2015.

The Consolidated Results are as follows:

The Unaudited Consolidated results for the Quarter ended June 30, 2015

The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 2255.30 million for the quarter ended June 30, 2015 as compared to Rs. 1685.20 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 13617.50 million for the quarter ended June 30, 2014 to Rs. 14799.10 million for the quarter ended June 30, 2015.

28.07.15

@ 11.10

Intraday call 
Sell nifty ltp 8380 sl 8420 trgt 8360/8340/8320

Second trgt achvd

RBI to pause on Aug 4, 50 bps cut likely in early 2016.

The Reserve Bank is likely to maintain a status quo on rates in its third bi-monthly policy meet on August 4, taking into account "poor rains" and will go for a 50 basis points rate cut in early 2016, a Bank of America Merrill Lynch report , the Consumer Price Index-based retail inflation will fundamentally remain on the RBI's under-6 per cent target and the Wholesale Price Index-based inflation may persist in deflation till October.

We continue to expect the RBI to pause on Tuesday, on poor rains and cut 50 basis points in early 2016# Lok Sabha adjourned till July 30, #RajyaSabha adjourned for the day.

27.07.15

 call @ 9.49

Sell crompton greaves ltp 183.40 sl 188 trgt 181/174

Made a low of 174.80
Book profit some qty 
Keep rest sl 177.40 in profit

Cnx nifty (8361)

Support lies around .
8340 ..8300

Nifty if breaks 8300 we can see further lower levels 8200

Manages abv 8430 uptrend can resume

Lupin Acquires Germany Based Temmler PharmaM&A | Healthcare  @LupinPharmaceutical major Lupin Limited has announced that it has entered into a strategic asset purchase agreement with Germany based Temmler Pharma, a part of the Aenova Group. The financial details of the deal remain undisclosed.

A beautiful mind wrapped in simplicity. May your soul rest in peace.......
RIP APJ Abdul Kalam

Check cnbc aawaz                        
china equity mrkts down 8%,    china is selling gold to support equity todays data suggest 115 tons sold around to start with  and some selling from greece started.

Why Indian Equity Market, Sensex Slipped 500pts

1. Concerns over P-Notes:

Supreme Court-appointed SIT on Friday asked Sebi to compulsorily identify real owners of foreign funds coming through P-Note route and also prosecute those using equities for tax evasion. 

2. China Stocks Sink:
Shanghai Composite Index plunged 8.5 percent at the close, Most Since 2007.


3. FOMC Meeting:
Financial Markets across the globe are keep watch on upcoming US FED meeting that might take another small step toward lifting U.S. interest rates.. 


4. Parliamentary logjam:
The first week of the monsoon session of parliament has been a complete washout. 


5. Q1 corporate earnings:
Disappointed earnings from key heavyweights also dented sentiment in Indian Equity Market.

Tech Mahindra June-quarter net profit 8.17 billion rupees; income from operations 49.5 billion rupees

Analysis @11

Gold if faces resistance around 24900...25030 one can sell with SL 25120 trgt 24670
If crosses 25040 and maintains abv it we can see 25400

Sell price is trigger 

high at 25018
Now trading 24863

Profit book some qty around 24850..860 zone 

Trail sl 24950 in profit

*AUROBINDO PHARMA GETS USFDA           APPROVAL FOR ESMOLOL HYDROCHLORIDE
*AUROBINDO GETS FDA APPROVAL FOR ESMOLOL HYDROCHLORIDE INJECTION

*SIEMENS INDIA WINS ORDER VALUED AT 670M RUPEES
*SIEMENS INDIA WINS ORDER FOR GAS INSULATED SWITCH

High risk traders 
Buy nifty ltp 8408 SL today's low  (8403.15)

trgt 8424/8464/8480

23.07.15 

Positional call @ 9.29

Buy cipla ltp 675 add qty if falls to 666..656...640 SL 632
Trgt 696...710..718..740

High made 689
Can book some profit
Trail sl 675 to cost for no loss

27.07.15

Today's call @ 9.49

Sell crompton greaves ltp 183.40 sl 188 trgt 181/174

Frst trgt achvd

Trail sl to 184 for no loss

Gold if faces resistance around 24900...25030 one can sell with SL 25120 trgt 24670
If crosses 25040 and maintains above it we can see 25400

#BEL; Q1
Revenues: Rs. 1,220.84 Cr., up 8.3% yoy.
Net Profits: Rs. 60.7 Cr., up 137.0% yoy.
EPS: 7.59, up 137.2% yoy.
#Q1Results

Nifty has opened gap down if maintained the gap we can see 8400 today

Crude one can sell around 3230 SL 3300 trgt 2950
CALL DISCARD

Sell crompton greaves ltp 183.40 SL 188 trgt 181/174
MADE A LOW OF 174.80
ALMOST SECOND ACHIEVED

Copper is showing some pull back signs 
if trades above 342 it can resume to 350..354 

If maintains below 338 we can see 332...further levels coming

Nickel if trades above 730 we can see a pull back to 760 levels 
If breaks 715 we can see 694
Natural Gas if manages to hold 177 levels we can see it resume to 188 if breaks 177 ..175 is coming soon..

If reliance break 1000 we can see it going down 970..levels if maintains above 1040 ..1062..1094 coming BofA ML On Reliance Ind
Maintain Buy; Up Target Price To Rs 1,068/Sh From Rs 1,026/Sh

GS On Reliance Ind
Have Buy Stance On The Stock; Target Price At Rs 1,084/Sh

CS On Reliance Ind
Maintain Outperform; Up Target Price To Rs 1,180/Sh From Rs 1,040/Sh

EARNINGS: Bloomberg Est

 * Ambuja Cements - 2Q, Est. 2.51b rupees (29
   analysts)
 * Tech Mahindra       - 1Q, Est. 5.93b rupees (33)
 * Torrent Pharmaceuticals - 1Q, Est. 2.8b rupees (16)
 * KEC International    - 1Q, Est. 210m rupees (16)
 * Just Dial               - 1Q, Est. 361m rupees (12)
 * Jagran Prakashan        - 1Q, Est. 700m

Persistent Systems Q1: 
Cons Net Profit At `67.2 Cr Vs `68.8 Cr (YoY) 
Rupee Revenue Up 15% At `500.4 Cr (YoY) 
Dollar Revenue Up 8.2% At $78 m (YoY) 
Cons EBITDA At `97 Cr Vs `95 Cr (YoY) 
Cons EBITDA Margin At 19.4% Vs 21.7% (YoY) 

Sarda Energy Q1:
Net Profit At `24.2 Cr Vs `40.1 Cr (YoY)
Total Income At `309.6 Cr Vs `364.8 Cr (YoY)

Relaxo Footwears Q1:
Net Profit At `36 Cr Vs `23.1 Cr (YoY) 
Total Income At `453.6 Cr Vs `373.8 Cr (YoY)

Pfizer Q1:
Net Profit Up 43.5% At `53.8 Cr Vs `37.5 Cr (YoY) 
Total Income Up 11.2% At `484.2 Cr Vs `435.5 Cr (YoY) 

Indian Overseas Bank Q1: 
Net Profit At `14.8 Cr Vs `271.7 Cr (YoY)
NII At `1,328.9 Cr Vs `1,426.8 Cr (YoY)
Gross NPA At `16,451.2 Cr Vs `14,922.5 Cr (QoQ) 
Net NPA At `10,640.4 Cr Vs `9,813.3 Cr (QoQ)
Gross NPA At 9.4% Vs 8.33% (QoQ) 
Net NPA At 6.31% Vs 5.7% (QoQ) 
Capital Adequacy Ratio At 9.75% Vs 10.11% (QoQ)
Provisions At `663.6 Cr Vs `986.2 Cr (QoQ); Vs `299.3 Cr (YoY)
Provision Coverage Ratio At 50.79% As On June 30

Andhra Bank Q1: 
Net Profit At `202.5 Cr Vs `107 Cr (YoY)
NII At `1,157.4 Cr Vs `803.6 Cr (YoY) 
Gross NPA At `7,237.6 Cr Vs `6,876.5 Cr (QoQ)
Net NPA At `3,650.2 Cr Vs `3,688.6 Cr (QoQ)
Gross NPA At 5.75% Vs 5.31% (QoQ) 
Net NPA At 2.99% Vs 2.93% (QoQ) 
Capital Adequacy Ratio At 10.36% Vs 10.63% (QoQ)
Provisions At `503 Cr Vs `633 Cr (QoQ) 
Provision Coverage Ratio At 61.3% As On June 30

Havells India Q1:
Standalone Net Profit Up 0.1% At `107.4 Cr Vs `107.3 Cr (YoY)
Standalone Total Income Down 0.8% At `1,267.14 Cr Vs `1,276.87 Cr (YoY) 
Standalone EBITDA Down 2.4% At `158 Cr Vs `162 Cr (YoY) 
Standalone Operating Margin At 12.5% Vs 12.7% (YoY)

Kolte-Patil Q1
Cons Net Profit Down 24.5% At `14.5 Cr Vs `19.2 Cr (YoY) 
Cons Total Income Up 11.9% At `175.6 Cr Vs `156.9 Cr (YoY)

Bharat Electronics (BEL) Q1
Net Profit At `60.7 Cr Vs `25.6 Cr (YoY)
Total Income Up 8.2% At `1,095.3 Cr Vs `1012.2 (YoY) 
EBITDA Loss At `5 Cr Vs Loss Of `45 Cr (YoY)


Agro Tech Foods Q1 
Net Profit Down 13.2% At `4.6 Cr Vs `5.3 Cr (YoY) 
Total Income Up 1.3% At `181.8 Cr Vs `179.4 Cr (YoY)

Geojit BNP Paribas Q1: 
Net ProfitDown 55.3% At `10.5 Cr Vs `23.5 Cr (YoY)
Total Income Down 24.4% At `60.9 Cr Vs `80.6 Cr (YoY)

Hitachi Home Q1
Net Profit Up 8.1% At `46.5 Cr Vs `43 Cr (YoY)
Total Income Up 18.1% At `708.8 Cr Vs `600.3 Cr (YoY)

SBBJ Q1 
Net Profit Up 26.1% At `270.6 Cr Vs `214.6 Cr (YoY) 
NII Up 9.3% At `821 Cr Vs `752 Cr (YoY) 
Gross NPA At 4.45% Vs 4.14% (QoQ) 
Net NPA At 2.36% Vs 2.54% (QoQ) 
Provisions At `212.9 Cr Vs `221 Cr (QoQ), `198.6 Cr (YoY) 
Capital Adequacy Ratio At 11.04% Vs 11.57% (QoQ)


Parrys Sugar Q1
Net Loss At `33.8 Cr Vs Loss of `8.6 Cr (YoY)
Total Income Up 1.3% At `70.1 Cr Vs `69.2 Cr (YoY)

Deepak Nitrite Q1 
Net Profit Up 37.1% At `13.3 Cr Vs `9.7 Cr (YoY)
Total Income Up 4.2% At `338.3 Cr Vs `324.6 Cr (YoY)

KSB Pumps Q1
Net Profit Down 1.3% At `22.2 Cr Vs `22.5 Cr (YoY)
Total Income Up 0.4% At `200.1 Cr Vs `199.4 Cr (YoY)

Bharat Bijlee Q1
Net Loss At `4.8 Cr Vs Loss Of `11.2 Cr (YoY)
Total Income Up 9.1% At `131.8 Cr Vs `120.8 Cr (YoY)a

BREAKING Terror attack near the Punjab-J&K border: 5 Live bombs found on the railway tracks in Gurdaspur

Cnx (8521)

Nifty has a bounce back zone @8400..8430 zone 

If we see gap down opening due to global cues it can bounce from here

Resistance 8660

 Tata Motors banks on defence sector business, exports - Tata Motors banks on defence sector business, exports
http://economictimes.indiatimes.com/news/defence/tata-motors-banks-on-defence-sector-business-exports/articleshow/48230281.cms
 Diasappointing Results From Andhra Bank Pat 203 cr Vs 285 Cr Gross Npa 5.75 vs 5.31 Net Npa 2.99 vs 2.93 

Disappointing Results from IOB Bank Pat 14.76 Cr Vs 35 cr Gross Npa 9.4% vs 8.3% Net Npa 6.3% vs 5.68% & Hexaware Technologies are likely to announce Buyback Plans.

RIL #EarningsReport: Q1 Cons sales at Rs 77,130 cr vs Rs 56,043 cr YoY.
Reliance Ind Q1: Standalone Total Income At Rs 65,817 Cr Vs Rs 56,043 Cr (QoQ)
Reliance Ind Q1: Cons Net Profit At Rs 6,222 Cr
Reliance Ind Q1: Cons Total Income At Rs 77,130 Cr
Reliance Ind Q1: Standalone Net Profit At Rs 6,318 Cr Vs CNBC-TV18 Poll Of Rs 6,350 Cr
Reliance Ind Q1: Standalone Total Income At Rs 65,817 Cr Vs Rs 56,043 Cr (QoQ)

Indian Overseas Bk Q1: Net Profit At Rs 14.8 Cr Vs Rs 271.7 Cr (YoY)"

Indian Overseas Bk Q1: Gross NPA At 9.4% Vs 8.33% (QoQ)"

Indian Overseas Bk Q1: Net NPA At 6.31% Vs 5.7% (QoQ)"

Havells India Q1: Standalone Net Profit At Rs 107.4 Cr Vs Rs 107.3 Cr (YoY)"

Andhra Bank Q1: Net Profit At Rs 202.5 Cr Vs Rs 107 Cr (YoY)"

BHARAT ELECTRONICS LTD. - Board approves issue of Bonus Shares in the ratio of 2:1 (2shares for every share held)
BEL Q1: Net Profit At Rs 60.7 Cr Vs CNBC-TV18 Poll Of Rs 45.5 Cr

23.07.15

Positional call @ 9.29

Buy cipla ltp 675 add qty if falls to 666..656...640 sl 632
Trgt 696...710..718..740

High made 687
Can book some profit

Just In: RBI Grants Banking Licence To IDFC Bank
FII limit in IDFC exhausted. Once Bank is formed and listed (oct/nov), FIIs will flock in at Bank level. Expecting fireworks then. Idfc bank at below 2x book value will be one of the cheapest Pvt Bank stocks...

CALL OF 20/07/2015


Sell copper below 350 sl 360 trgt 338
MADE A LOW OF 337.50

 HIT TRGT

If nifty fut breaks 8560 we can see 8520 support zone 
Abv 8604 can go upto 8634++

Technically nifty is still remains a buy on dips or buy on breakout market

Here is a list of fifteen stocks which are likely to remain in focus today:

Wipro Ltd: India's third largest software exporter Wipro continued to lag larger peers TCS and Infosys, posting a sequential revenue growth of 1.1% jump that met market expectations and forecast sequential sales growth in range of 1.7-3.5% for the September quarter.

Reliance Industries Ltd: The oil & gas major is expected to report a 7 per cent sequential growth in its net profit to Rs 6,700 crore for the quarter ended June 30, compared to Rs 6,243 crore a year ago, an ET Now poll said.

Sterlite Technologies Ltd: The company reported consolidated net loss of Rs 11.27 crore for the first quarter ended June 30 in the current fiscal.

Bajaj Holdings Investment (BHIL): The company reported a 17 per cent increase in consolidated net profit at Rs 613 crore for the first quarter ended June 30, 2015.

Bank of Baroda: The Reserve Bank of India (RBI) has removed restrictions placed on foreign investors to buy shares in Bank of Baroda, saying the limit has gone below threshold.

SpiceJet Ltd: SpiceJet and Qatar Airways are in early stage talks to negotiate a commercial agreement that could eventually lead to the Gulf carrier picking up a stake in the Indian airline, according to two people with knowledge of the matter.

GAIL India Ltd: State-owned gas utility GAIL India Ltd reported a 32 per cent drop in net profit at Rs 424.14 crore for the first quarter ended June on account of drop in LPG and petrochemical production and lower prices.

Alstom T&D India Ltd: The company on Thursday reported a 31 per cent dip in net profit at Rs 19.58 crore for the quarter ended June 30, 2015.

United Spirits Ltd: United Spirits, controlled by the UK's Diageo group, on Thursday alleged irregularities and potential violations of law in diversion of funds by the firm's erstwhile promoter Vijay Mallaya-led UB Group and said it was initiating the process to recover dues totaling Rs 1,337 crore.

Cairn India Ltd: Billionaire Anil Agarwal's plans to merge his two India listed companies, Vedanta (earlier known as Sesa Sterlite) with oil producer Cairn India, might fall through with two large minority shareholders — Life Insurance Corporation of India ( LIC) and Cairn UK Holdings — deciding to vote against the move, said media reports.

Biocon Ltd: Biocon posted a 15% growth in revenues to Rs 857 crore in the quarter to June, from Rs 742 crore in the yearago period. The Bengaluru-based biotech company's net profit increased 23% to Rs 126 crore from Rs 103 crore.

Wockhardt Ltd: Drug firm Wockhardt, which has been under the scanner of the US Food and Drug Administration (FDA), on Thursday said that the American health regulator has completed inspection of its Nalagarh facility in Himachal Pradesh.

NBCC Ltd: State-owned National Buildings Construction Corporation Ltd ( NBCC) has signed an agreement to redevelop the Indian Institute of Public Administration's campus here for Rs 435 crore.

Heritage Foods Ltd: The company reported a twofold jump in consolidated net profit at Rs 10.71 crore in the first quarter of the fiscal on higher sales from dairy and bakery business.

Tata Sponge Iron Limited: TSL, a Tata Steel subsidiary posted an 84% drop in net profit to Rs 7.09 crore in the first quarter ended June 30, 2015 against a net of Rs 44.28 crore in same period last year.

Cnx nifty (8589)

If nifty does not cross 8660 zone on closing and next day maintain basis we can see it falling to its support zone 8540...8570

If it closes below 8490 we can see 8440...8340 coming as informed earlier 


Abv 8660

8716
8780
8800

Biocon Q1: Net Profit At Rs 126 Cr Vs CNBC-TV18 Poll Of Rs 104.4 Cr

CNBC-TV18 ALERT: FIIs Exempt From MAT From Current Fiscal

Lupin Says: Responded To US FDA's Observation On The Goa Plant, None Were Serious -- CNBC-TV18 (@CNBCTV18Live)

*WOCKHARDT  SAYS NO FORM 483 HAS BEEN ISSUED BY US FDA
*WOCKHARD: COMPLETED US FDA INSPECTION AT HIMACHAL PLANT
*WOCKHARDT  SAYS FDA COMPLETES NALAGARH UNIT INSPECTIO

*RELIANCE UNMANNED SYSTEMS JOIN HANDS WITH AUGUR, SINGAPORE
*RELIANCE UNMANNED, AUGUR JV TO MAKE AEROSTATS,AIRSHIPS IN INDIA

*NATIONAL BUILDINGS SIGNS PACT WITH IIPA FOR RE-DEVELOPMENT
*NBCC PACT WITH IIPA FOR RE-DEVELOPMENT OF NEW DELHI CAMPUS
*NATIONAL BUILDINGS SAYS PROJECT LIKELY VALUED AT 4.35B RUPEES

*ALSTOM T & D INDIA 1Q NET 196M RUPEES; EST. 309M
*ALSTOM T & D INDIA 1Q NET SALES 8B RUPEES; EST. 7.75B

*RBI: CAP PLACED ON FII PURCHASE OF BANK OF BARODA SHRS REMOVED
*RBI: FOREIGN HOLDING IN BANK OF BARODA SHRS BELOW THRESHOLD

US Data Watch: Jobless Claims For Week-ended July 18 Down 26,000 At 255,000


U.S. weekly jobless claims plunge to lowest level since 1973

# Wipro Earnings: Q1 PAT at Rs 2,190 crore vs Rs 2,272 crore, down 3.6% QoQ; revenue at Rs 12,371 crore -- 

EconomicTimesMarkets (@ETMarkets)

INDIAN MARKET:
SENSEX:28370.84(-134.09)
NIFTY:8589.8(-43.7)
BANKNIFTY(CASH):18865(-132)
SGXNIFTY:8605(-33.5)

EUROPEAN MARKETS:
FTSE:6687.8(+20.46)
CAC:5094.25(+11.68)
DAX:11538.63(+17.96)

ASIAN MARKETS:
NIKKIE:20683.95(+90.28)
STRAITS:3356.37(-2.8)
HANGSANG:25398.85(+116.23)
SHANGHAI:4124.39(+98.34)

US FUTURES ON NSE:
DOW FUT:17830(+7.5)
S&P500 FUT:2113(+5)

GAINERS:
CAIRNS:+6.44%
TATAMOT:+3.03%
DRREDDY:+1.71%
M&M:+1.24%
MARUTI:+1.02%

LOSERS:
LUPIN:-5.25%
BAJAJAUT:-4.96%
TATASTL:-3.74%
ZEE:-2.95%
TECHM:-1.98%

 Nifty ends below 8,600 as bluechips' Q1 results disappoint

Markets finish lower; Corporate earnings weigh

Lupin dips as Q1 results miss Street estimates

Dewan Housing Finance gains on 1:1 bonus

Salzer Electronics zooms over 30% in two days after closure of QIP issue

Alstom India weakens after Q1 net drops 47%

 Bajaj Auto declines post June quarter results

Cairn India rallies as Cairn Energy may vote against Vedanta offer

KPIT Technologies surges post Q1 results

SKS Microfinance hits 52-week high on good Q1 results

Sony launches BRAVIA Android TV

Flipkart hires Google's Krishnendu Chaudhury to head image sciences

Indian Bank Q1 net profit up 4 % to Rs 215.28 crore

Lupin buys US generics firm Gavis for $880 million

Lakshmi Vilas Bank Q1 net up by 43% to Rs 40.25 crore

TTK Prestige Q1 net down 17% to Rs 22 crore

DLF starts phased payment plan in Gurgaon project

Madras HC allows Sun TV to participate in FM auction

Lakshmi Vilas Bank Q1 net up 43% at Rs 40.25 crore

Bajaj Auto Q1 net surges 37% to Rs 1,015 crore

Synechron acquires US-based design firm usable

Adani Ports raises $650 mn via dollar bond issue

Hiring in IT sector to grow 6% in 2015: Nasscom President

Jungle Ventures appoints David Gowdey as managing partner

Sun Group and I are not tax dodgers, says Kalanithi Maran

Sequoia Capital invests $20 mn in MedGenome

Dubai's Emaar says committed to projects in India

United Breweries Q1 net down 4.7% at Rs 123 crore

Tata Motors to grow exports of trucks to offset slow India sales -
http://economictimes.indiatimes.com/industry/auto/news/commercial-vehicle/mhcv/tata-motors-to-grow-exports-of-trucks-to-offset-slow-india-sales/articleshow/48178318.cms

Lupin to acquire US-based Gavis Pharmaceuticals in a USD 880 million deal (over Rs 5,610 crore).

Lupin Q1: Cons Net Profit At Rs.525 Cr : Lupin 1721.50 -5.62%

 L&T Fin Holdings Q1: Cons Income From Ops At Rs.1,717.6 cr Vs Rs.1,438 Cr (YoY): L&T Fin Holdings 71.65 -1.92%*L&T FINANCE 1Q NET 1.92B RUPEES; EST. 2.1B
*L&T FINANCE 1Q TOTAL COST 4.99B RUPEES VS 3.71B
*L&T FINANCE 1Q REVENUE 17.2B RUPEES VS 14.4B

16.07.15 @ 10.50

Buy adaniport ltp 324 sl 320 trgt 336

Today made high of 333.25
Trail sl 328

Bajaj Auto June-quarter net profit 10.15 billion rupees vs 7.4 billion rupees year ago; consensus forecast was 9.42 billion rupees, shares extend falls, down nearly 3.5 percent

Sun TV shares rise over 5 percent; Delhi High Court has granted permission to group’s Red FM to take part in mock auction of FM radio waves (TOI reports)

Buy Arvind @ 305.80 SL 303 Trgt 315/ 327
HIT SL

20.07.15 

Pre market call 

 @ 8.24


Buy rel infra abv 423 sl 400 trgt 480

Made high of432 on 20.07.15

Is not able to cross 424 has entered into a consolidation range 

Trail sl 408 on closing basis

Traders comfortable with 400 hold the stock

Nifty is stuck in a range of  8620..8660
Whichever side it will break can give long move.

16/07/2015
Buy Adaniport ltp 324 sl 320 trgt 336
Made high of 333.25

23.07.15 @ 10.50


Buy copper around 345 sl 342.80 trgt 347.80/349.80

17.07.15 @ 12.51


Buy maruti abv 4200 sl 4160 trgt 4400

Sl hit on 21 july closing was abv 4160 
22 july too made a spike of 4145 and reverse 


TODAY HEADING TOWARDS TRGT

23.07.15@10.19

Buy Silver ltp 34154 sl 34000 trgt 34230/34480/34640

Commodities Update: 

Expected market opening: Bullion open with Gap Up Gold (+140), Silver (+150), while Metals open with Gap Up by +0.50% and Energy open at Par. (USD/INR 63.72 -0.01)

Ceat Q1 net jumps over two-folds to Rs 121 cr

Cnx nifty (8643)

Yesterday nifty showered a great recovery from its fall of three days. We can see recovery in nifty of 140 points  in one day  supported by a bullish engulfing candle .This is a bullish sign.We can see nifty towards its new high as mentioned earlier in our weekly report 

VERY IMPORTANT LVL TO WATCH IS 8640..8660 
MAINTAIN ABV THIS WE CAN RALLY TO

8716
8780
8800

IF FACES RESISTANCE IN THIS ZONE WE CAN SEE

 8460
8500