Update on 31 DEC

Call of 29/12/15

@ 12:48



Intraday call 


Buy Nifty dec fut ltp 7911 SL 7890 trgt 7928/7948

FIRST TRGT HIT @ 1:52 ON 29 DEC

FINAL TRGT HIT ON 32 DEC @ 3:15

BREAKING NEWS:

Quatar Agrees To Lower Gas Price For India, Waive Off $1.5 Bn Penalty: 

Petronet LNG 253.30 +2.28%

Cadila Health

Cadila Health: 
Receives Warning Letter From US FDA w.r.t Moraiya & Ahmedabad Facilities: 
Cadila Health 347.10 -9.67%

30-Dec:

*Stk OI chg: (by highest %) 
 -Fresh Longs:  ADANI, BIOS, IIB, DRRD, SKSM, TATA, Z, KMB, CSTRL, SIEM, TGBL
 -Fresh Shorts: UNBK, AJP, IHFL, BPCL, MTCL, LTFH, SAIL, DABUR, GMRI, MMFS, IOCL
 -Short Cover:  EXID, BHE, MCLR, SUNTV, BHFC, ENGR, RPWR, IDEA, HDIL, ONGC, GAIL
 -Long Closure: KSCL, APHS, APTY, NMDC, LICHF, HAVL, BOB, DLFU, GDSP, UCO, OBC

*Nifty fut OI +3.96lk shs(+1.6%); Prem +6 vs +3
*BkNifty OI +0.40lk shs(+1.6%)
*IndiaVix @ 14.35 (+0.8%); JAN IVs @ 13.5% vs 13.3%
*Nifty Dec Opt OI Chg: in lks:
7800CE:-3.96
7850CE:-1.75
7900CE:+2.17
7950CE:+15.19
8000CE:+5.26

7500PE:-3.62
7700PE:-5.05
7800PE:-4.91
7850PE:+10.90
7900PE:-5.09
*Highest OI @ 7500PE:46.56 & 8000CE:86.49

Market Update

30/12/2015
Market Update:

Sgx Nifty +16 pts,
Dow +192.71 pts ,
Nsdq +66.95 pts , 
S&P +21.86 pts ,
Bovespa -110 pts , 
Ftse +59, , 
Dax +206 pts , 
Cac +89 pts, 
Nikkei  +112 pts , 
now, Crude @ $37.28 brl (-0.59), Brent @ $37.79 (+1.17) , 
Gold @ $1068.10 (+0.10), 
Silver @ $13.94 (+0.01), 
Euro @ $1.0930, 
JPY @ $120.5200, 
INR @ $66.3950


Today's Corporate Action
30th Dec Ex Date


ALLCARGO
Bonus issue 1:1
‎

Today's Global Data


Dec 30: American Petroleum Institute statistical bulletin for week ending  Dec 25; 0300 IST

Dec 30: UK December nationwide house price index; 1230 IST

Dec 30: November monetary developments in euro area; 1430 IST

Dec 30: UK November land registry house price; 1500 IST

Dec 30: US November metropolitan area employment data; 2030 IST

Dec 30: US November pending home sales index; 2030 IST


Dec 30: Energy Information Administration petroleum status report for week ending Dec 25; 2100 IST

Tata Power

Tata Power Signs MoU With Ministry Of Development Of Russian Far East: 
Tata Power 67.15 -0.52%

UPDATE 
@ 10.48 29 DEC

Call of 01/12/15

@ 10:31

Buy Petronet 50% qty ltp 239 
Add qty if falls to 232..230 SL 226.40 trgt 245/250/258

FIRST TRGT HIT 4 DEC


 SECOND TRGT HIT @ 11:02 ON 29/12/15

TRAIL SL 244 
BOOK PTOFIT OR AS YOUR CHOICE

Market Update

Market Update:
Sgx Nifty +14 pts
Dow -23.90 pts ,Nsdq +2.52 pts , S&P -7.51 pts ,Bovespa -250 pts , Ftse Clsd, , Dax -73 pts , Cac -45 pts, Nikkei  -37 pts , now, Crude @ $36.73 brl (-0.08), Brent @ $36.62 (-1.10) , Gold @ $1068.30 (-0.00), Silver @ $13.95 (+0.06), Euro @ $1.0978, JPY @ $120.2700, INR @ $66.1975



Indian Adr/Gdr


Infy: -0.06%,      Wit: -1.26%
Ttm:+1.87%,     Rdy:+1.03%
Hdb: -0.15%,      Ibn:+0.38% 
SBID:+0.51%,  RIGD: -0.76%



Today's Corporate Action
29th Dec Ex Date


None



Today's Global Data


Dec 29: US Retail Economist/Goldman Sachs chain store sales index for week  ending Dec 26; 1815 IST

Dec 29: US Jul-Sep international investment position; 1900 IST

Dec 29: US Johnson Redbook retail sales data for week ending Dec 26; 1925
IST

Dec 29: US S&P/Case-Shiller October home price index; 1930 IST

Dec 29: US December consumer confidence index; 2030 IST

Economic Times

Economic Times



Business Standard

Ø  Blackstone, Birla Corp and Baring Asia enter final lap in race for Reliance's cement biz

Ø  Saudi Arabia posts $98 bn budget deficit in 2015

Ø  Infosys sets up 6.6 MW solar plant in Telangana

Ø  Oil companies to set up largest refinery in M'rashtra

Ø  China to replace business tax with VAT for industry

Ø  Citigroup raises stake in L&T Finance to 7.56%

Ø  MTNL to offer free roaming from Jan 1: Prasad



Ø  Easier funding, separate law needed to boost PPP: Kelkar panel

Ø  Sebi to clear decks for sale of MF via e-commerce platforms

Ø  Minimum import price, tariff barriers can curb steel imports: JSPL

Ø  India's pharma industry may touch $55 bn by 2020

Ø  GST certainly doable in 2016; in constant touch with Congress: FM

Ø  Raheja Corp buys 30 acres from Cabot for Rs 210 cr

Business Line



Mint

Ø   IOC gets regulator’s nod for Ennore LNG pipeline 

Ø  PAN obligation to hit sales of Rs. 2-5 lakh jewellery: Titan 

Ø   Bullion traders body launches World Silver Council 

Ø  Lupin gets FDA nod for generic Femhrt tablets

Ø  MCX gold in short-term downtrend

Ø  Jaypee Cement gets approval for expansion of limestone mining capacity



Ø  India deal unlikely to secure Toshiba’s lofty nuclear plans

Ø  Snapdeal to invest in logistics to speed up delivery

Ø  Hybrid debt-oriented funds do not qualify to be equity funds

Ø  Gautam Adani’s son Karan Adani takes over as CEO of Adani Ports

Ø  PACL moves Delhi HC for stay of Sebi’s recovery order

Ø  Reserve Bank of India releases report on financial inclusion

Financial Express



Financial Chronicle

Ø  Sensex rallies 195 points to close at 26,034, Nifty settles above 7,920

Ø  Reliance Capital acquires 6.82 pct stake in Saregama India

Ø  Tax payers earning over Rs 10L/yr not to get subsidised LPG

Ø  Focus on last mile delivery for inclusion: RBI panel to banks



Ø  Sebi set to inspect all commodity bourses

Ø  Fertiliser sector eyes over 2-MT output growth in 2016

Ø  Govt relaxes guidelines for small, isolated gas fields

Ø  India's pharma industry may touch $55b by 2020: Report

Ø  Amway India's first manufacturing plant goes on stream

Ø  PMO joins Sebi chairman’s search panel, FM kept out

UPDATE @9.42


Call of 28/12/15


@ 09:32


Buy Apollo hospital ltp 1443 sl 1434 trgt 1454/1458/1474

Frst trgt hit 29.12.15@9.30

Trail sl 1446 in profit 
or book profit as per choice

SECOND TRGT HIT
29.12.15 @9.42


TRAIL SL TO 1454 IN PROFIT OR BOOK PROFIT BY CHOICE

UPDATE @9.38


Call of 28/12/15


@ 10:14


Buy Hero moto ltp 2692 sl 2660 trgt 2708/2718/32

FIRST TRGT HIT 
@ 02:52  DATE 28.12.15


SECOND TRGT HIT 
@9.38 DATE 29.12.15

Trail sl 2704

Call 28.12.15 Monday
@ 2.35

Sell crude ltp 2500 sl 2560 trgt 2478/2464/2420

Frst and second trgt achvd

Trail.sl 2470 or book by choice

MARKET UPDATE

28/12/2015 MONDAY 16:45

INDIAN MARKETS:
SENSEX:26034.13(+195.42)
NIFTY:7925.15(+64.1)
BANK NIFTY :16979.15(+168.15)
SGXNIFTY:7898(+7.5)

EUROPEAN MARKETS:
CAC:4643.75(-19.43)
DAX:10709.31(-18.33)

ASIAN MARKETS:
NIKKIE:18873.35(+104.29)
STRAITS:2875.32(-2.3)
HANGSANG:21919.62(-218.51)
SHANGHAI:3534.76(-93.15)

US FUTURES ON NSE:
DOW:17457.5(-47.5)
S&P500:2049.5(-4.5)

GAINERS:
DRREDDY:+3.68%
NTPC:+3.34%
TATAMOT:+3.03%
ONGC:+2.72%
SUNPH:+2.62% 

LOSERS:
TATASTL:-3.51%
BHARTI:-1.98%
ACC:-0.99%
IDEA:-0.99%
BHEL:-0.72%

Investors exit gold ETFs for 3rd year, Rs 845 cr gone in 2015

Markets end near 1-month high; Sensex reclaims 26,000

Manpasand Beverages hits new high since listing

BSE Small-cap index hits four-month high

Allcargo Logistics hits record high on fixing record date for bonus shares

KEI Industries gains on bagging orders from Power Grid Corporation

Srikalahasthi Pipes gains on winning orders worth Rs 1,053 crore

Max India gains on court approval for demerger

 SMS Pharma hits new high on USFDA nod for Andhra unit

 Tube Investments rallies on stake sale plan in insurance JV

 Oil prices weaken post-Christmas, US crude defends premium over Brent

 Microsoft interested in working with entrepreneurs: Nadella

 Lupin gets FDA approval for generic Femhrt tablets

 India's pharma industry may touch $55 bn by 2020

 Ola to allow private car pooling on its app in Delhi-NCR

 Amway inaugurates first Indian production facility in Tamil Nadu

 Gautam Adani's son Karan takes over as CEO of APSEZ

 Suzlon's Gujarat wind mill achieves 35% plant load factor

 BPCL commissions new crude distillation unit in Mumbai

 Microsoft will participate in Indian startup growth story: Nadella

Microsoft to work with T-Hub to develop startups: Nadella

 Flipkart unveils global brand licensing for Indian sellers

 SpiceJet hopes to order for new planes this fiscal: Singh

SpiceJet announces special fares under 'Happy New Year Sale'

Grid congestion an opportunity for transmission: Power Grid chief

Aurobindo: Riding higher on new approvals

21.12.15 Monday

@10.25

Buy Bharat forge ltp 853 trgt 880/890/914 SL 820 

Add qty if it trades around 840


Second trgt 890 hit on 28/12/15 @ 11.30

Trail sl 888or book profit by choice

COMMODITY UPDATE

GOLD AND SILVER ARE SHOWING SELLING PATTERNS.

Economic Times

Economic Times



Business Standard

Ø  Reliance Jio Infocomm launches its much-awaited 4G services

Ø  India-Pakistan trade: Modi-Sharif bonhomie may open up new frontiers

Ø  'CAD remains in check; may be less than $25 billion'

Ø  'India may be 3rd largest economy after 2030'

Ø  Petroleum products to be out of GST for now: CEA Arvind Subramanian

Ø  Debt, agro-commodities best value creators of 2015



Ø  Next-gen Ambanis take charge at Jio soft launch

Ø  ITC and HUL to slug it out in health care space

Ø  India did well in year of global economic turmoil: Jaitley

Ø  Bad loans turn worse in 2015; Banks bet on 'rainbow' reforms

Ø  GAIL to buy 5% stake in consortium building TAPI pipeline

Ø  Over 9,500 complaints pending with banking ombudsmen: RBI

Ø  Nestle eyes double digit growth for Maggi noodles

Business Line



Mint

Ø  Despite exits, foreign investors still high on Indian stocks

Ø  Action plan on ‘Start up India’ to be launched on Jan 16: Modi

Ø  China approves IPO reform proposal, new system could start by March 

Ø  Tariff bids: ACME Solar in wait-and-watch mode 

Ø  HSBC sees CSR spends more than doubling to Rs. 22 cr in FY17 



Ø  European capitals warned of potential terror attacks

Ø  Trai aims to resolve some net neutrality issues by early 2016

Ø  Coal India output up 8.8% over last year’s production

Ø  Oil price slump a chance to enhance energy security: Dharmendra Pradhan

Ø  Indian Oil, Oil India signs MoU with Rosneft for Siberian oilfield

Ø Disappointment for equities in 2015

Financial Express



Financial Chronicle

Ø  FPIs selling spree continues; withdraw Rs 6,500 cr in December

Ø  Gold imports lose steam, fall 36.5 pc to $3.5 bn in November

Ø  Assocham revises FY16 export outlook downwards to $255-260 bn

Ø  Unresolved trade pact: India to meet European Union in January



Ø  MF investment in equity markets at Rs 70,000 crore in 2015

Ø  India Inc's earnings may start improving in next few months

Ø  Cotton output set to decline 11% as acreage, yield shrink

Ø  Base metals need to wait for a couple of quarters for recovery

Ø  Chennai floods wash out Rs 1700 crore of MSME biz

MORNING UPDATE

Market Update:
Sgx Nifty +14 pts( 7885) Nifty Fut(7871)
Dow -50.44 pts ,Nsdq +2.52 pts , S&P -3.13 pts ,Bovespa Clsd , Ftse +13 pts , Dax Clsd , Cac -11 pts, Nikkei  +18 , now, Crude @ $37.92 brl (-0.18), Brent @ $37.72 (-0.17) , Gold @ $1075.40 (-0.40), Silver @ $14.38 (+0.00), Euro @ $1.0972, JPY @ $120.3200, INR @ $66.2100


Today's Corporate Action
28th Dec Ex Date


CHAMANSE
Stock  Split From Rs.10/- to Rs.2/-

NIFTY UPDATE

Nifty 50 (7861)

Monday 28 .12.15


We can see nifty
 7880..7920..7940 today 


Stiff resistance 7910..7940 

Support zone 7860..40..20

UPDATE 

VIEW ON 21/12/2015 [ MONDAY]

@ 09:24

JSW STEEL CAN SHOW 1066 LTP 1044

VIEW ON 24/12/2015 [THURSDAY]

@ 13:41

Today's high 1066 ...near our view

NIFTY UPDATE @ 1: 09 P.M.

Nifty 50 is holding  7850

If crosses above 7870 and maintains we can see 7880...and today's high 7888

If falls below 7850 ..we can see 7830..7800 

As mentioned in morning update @ 9.53

UPDATE

VIEW ON 17/12/2015

Sun tv is looking good if trades around 389..390 one can enter with SL 384 ...can show 404 in coming days

VIEW ON 24/12/2015

TODAY TRADING AROUND 405.50

Call of 21.12.15 Monday

@9.24

Buy Cipla ltp 646 SL 640 trgt 655/663/666


FIRST TRGT HIT

NIFTY UPDATE

Nifty 50 

As mentioned earlier nifty can face resistance 7880..7900 zone we can see today it is faced resistance and made high 7888 and now 7858 

Support zone for intraday can be 7850..30..7800

Any uptrend will resume only above 7920..40..80 levels

LUPIN

Lupin gets USFDA approval for Potassium Chloride Extended Release Capsules
http://www.indiainfoline.com/article/news-top-story/lupin-gets-usfda-approval-for-potassium-chloride-extended-release-capsules-115122400162_1.html

Economic Times

Economic Times



Business Standard

Ø  Govt mulls tax sops on Esops, VC investments

Ø  'Energy sector will generate $250 bn investment'

Ø  June 30 deadline for exchanging of pre-2005 notes

Ø  Govt delays bankruptcy law, GST deadlock remains

Ø  Govt says closing in on Westinghouse deal worth $150 bn to build 6 nuclear reactors

Ø  OVL's $1.26 bn Vankor buy to be signed tomorrow

Ø  Essar Oil gets okay for institutional sell-off; time to delist from bourses



Ø  Draft rules tighten tax norms for MNCs

Ø  Sebi panel advises on removing 'conflict of interest' while rating

Ø  Rajan raises concerns over high corporate sector vulnerabilities

Ø  RCom suspends launch of Free Basics till TRAI's approval

Ø  World Bank feelers to part-finance India Post's payments bank

Ø  Indian Railways signs Rs 500 cr pact with Coal India for supply of 2,000 wagons

Business Line



Mint

Ø   Bankruptcy code referred to Joint Select Committee of Parliament

Ø   CBDT issues MAT order pertains to foreign companies 

Ø  Piramal Enterprises buys 5 OTC brands for Rs 92 crore

Ø  Court asks MCA to decide on FTIL-NSEL merger by Feb 15

Ø  Lupin gets USFDA nod to market potassium chloride capsules

Ø  Nalco inks R&D pact with Chalieco of China 



Ø  Idea launches 4G services in five southern states

Ø  Weak corporate balance sheets need monitoring: RBI report

Ø  Small investors in dark over Sahara’s latest shadow banking schemes

Ø  Welspun Enterprises divests 37% stake in Dewas Bhopal road project

Ø  Boards raise scrutiny as Infosys and Wipro bet big on start-ups

Financial Express



Financial Chronicle

Ø  Sensex rebounds 259.65 points, Nifty ends at 7,866

Ø  DLF gets Rs 1992 cr from GIC from stake sale in 2 projects

Ø  NPAs jump 50 bps to 5.1% between March and September quarters: RBI

Ø  Dr Lal, Alkem make strong debut on bourses

Ø  SAIL to soon launch Rs 400-crore voluntary retirement scheme



Ø  Wipro to acquire Viteos Group for $130m in outsourcing push

Ø  L&T bags orders worth Rs 1,178 crore in December

Ø  Over Rs 16k cr undisclosed income detected in 20 months

Ø  Sebi attachment orders up 5-fold at 1,610 in FY15

Ø  M&As peak in pharma industry; so does regulatory glare

MARKET UPDATE

SGX Nifty +21 pts (7884) from last trade 7863 , 

Nikkei +108 pts , Hangseng +167 pts , NOW @6.55am , 

Dow +185.34 pts ,Nsdq +44.82 pts , S&P +25.32 pts ,Bovespa +545 pts , Ftse +157 pts , Dax +238 pts, Cac +106 pts, Crude @ $37.82 brl (+0.32), Brent @ $37.36 (+1.33) , Gold @ $1071.40 (+1.10), Silver @ $14.32 (+0.03), Euro @ $1.0916, JPY @ $120.8700, INR @ $66.2100


Today's Corporate Action
24th Dec Ex Date

None

Changes in Open Interest(OI)

 23rd December 2015


Changes in Open Interest(OI)  :

Nifty Spot             :      7865.95(+ 1.03%)
Bank Nifty Fut       :    16851.15(+ 0.81%)        

INDIA VIX             :     13.6525(-  5.73%)

Premium               :     - 2  VS - 1

Nifty Fut OI           : -   0.24L shs (-  0.12%)

Bank Nifty Fut OI   : -   0.24L shs (-  1.09%)


Major Changes in Nifty December Options OI :


Calls  :          

7700 :  -   2.53L(19.91L)
7800 :  - 12.06L(37.03L)
7900 :  +  0.93L(57.05L)
8000 :  -   0.72L(75.33L)
8100 :  -   2.18L(35.21L)


Puts  :  

7600 :  -   5.92L(42.03L)

7700 :  +  3.75L(46.61L)
7800 :  +16.22L(50.37L)
7900 :  +  2.24L(21.93L)


Highest OI Nifty          :  Calls    8000 :  75.33L  -   Puts  7500 :   52.90L


Highest OI Bank Nifty  :  Calls  17500 :   6.33L  -    Puts 16000 :   6.39L


Change in Stock OI : 

Long Buildup        : PIDI, DLFU, BHIN, SUNTV, UCO, ICICI, TVSL, CESC, RELI, NMDC, GAIL, VOLT, SIEM, SKSM, IGL, BATA, TATA, TV18, NTPC, TCOM, HNDL, RCAPT, BHART, RPWR, PTCIN, 


Short Buildup       : KSCL, MCLR, ADANI, JUST, WPL, SRF, TTAN



Short Covering     : IOB, TGBL, ONGC, HZ, UT, ACEM, CAIR, TPWR, UPLL, SUNP, POWF, ABNL, TCS, GNP, LT, BOS, UNBK


Long Unwinding   : UBBL, CENT

NIFTY UPDATE

Nifty 50 can touch today 7888...7900 zone 
[the stiff resistance zone] 
Keep long positions light in this zone 
As nifty can fall from here 

Any closing above 7940...80 zone will bring new uptrend levels........

Market Update

Market Update:
Sgx Nifty +27 pts
Dow +165.65 pts ,Nsdq +32.19 pts , S&P +17.82 pts ,Bovespa +269 pts , Ftse +48 pts , Dax -9 pts, Cac +2 pts, Nikkei  Clsd , now, Crude @ $36.47 brl (+0.33), Brent @ $36.11 (-0.24) , Gold @ $1072.40 (-1.70), Silver @ $14.27 (-0.04), Euro @ $1.0950, JPY @ $121.0300, INR @ $66.3300


Today's Corporate Action
23rd Dec Ex Date


PFC‎
Interim Dividend - Rs. - 8.8000

‎



Today's Global Data


Dec 23: US API statistical bulletin for week ended Dec 18; 0300 IST

Dec 23: UK December CBI growth indicator survey; 0531 IST

Dec 23: UK October service sector figures; 1500 IST

Dec 23: UK Jul-Sep business investment revised results; 1500 IST

Dec 23: UK Jul-Sep balance of payments; 1500 IST

Dec 23: UK Jul-Sep national accounts; 1500 IST

Dec 23: US MBA mortgage applications survey for week ended Dec 18; 1730 IST

Dec 23: US November personal income and outlays; 1900 IST

Dec 23: US November advance report on durable goods; 1900 IST

Dec 23: US December University of Michigan survey of consumers - final; 2030
IST

Dec 23: US November new residential sales; 2030 IST

Dec 23: US EIA petroleum status report for week ended Dec 18; 2100 IST

Dec 23: Japan financial markets closed for Emperor's birthday

Economic Times

Economic Times



Business Standard

Ø  Govt to bring bill for mandatory national minimum wage

Ø  Govt fails to attract FDI in Defence, only Rs 56L since last Sept

Ø  Softer oil prices boost expectations of better earnings

Ø  China's Wanda Group likely to invest US$ 1 billion in Haryana

Ø  RBI may revise gold bonds’ pricing mechanism

Ø  GAIL extends bidding deadline for $7-bn LNG ships

Ø  Rajan went with external committee in policy review



Ø  RCom, Aircel in talks to merge wireless biz

Ø  Tata Steel may sell UK unit to Greybull Capital

Ø  India's Q2 current account deficit narrows to $8.2 bn

Ø  Maha Govt mulls 5% increase in ready recknor rates from January 1

Ø  CAG flays govt for unrealistic expenditure estimates

Ø  UltraTech mine plan in Chhattisgarh lands in troubled water

Ø  ONGC can convert Rs 5,000-cr loan given to OVL into equity

Business Line



Mint

Ø  Call drops: No coercive steps against telcos till Jan 6, says TRAI

Ø  Glenmark Pharma gets US regulator nod for bacterial infection drugs 

Ø  NSEL-FTIL merger: Corporate Affairs seeks more time to pass final order 

Ø  JP Morgan tweaks emerging markets portfolio for 2016

Ø  Cabinet clears Rs 5,000 cr investment in ONGC Videsh

Ø  Falling exports no cause for panic: Commerce Ministry 



Ø  High court breather for miners over social impact funds

Ø  Orchid Pharma signs pact for $800 million loan from UK firm

Ø  Ujjivan slows MFI business as it readies for switch to banking

Ø  Australia clears Adani Abbot Point coal terminal expansion

Ø  L&T Realty looks for partners in Bengaluru, Navi Mumbai projects

Ø  Reliance Jio to launch services on 27 December

Financial Express



Financial Chronicle

Ø  Sensex ends 145 points lower, Nifty settles below 7,800

Ø  Bankruptcy bill in Lok Sabha: FM Arun Jaitley says country can't wait for reforms

Ø  FinMin cuts divestment target by 57% for FY16

Ø  Essar Oil delisting faces 'technical' issues; referred to Sebi

Ø  RBI governor goes with panel on rate status quo



Ø  India may see sustainable recovery: Morgan Stanley

Ø  Gold imports to touch 1,000 tonne this year, up 11%

Ø  Zynergy to invest Rs 400 cr in TN solar products plant

Ø  Irdai directs insurers to comply with FATCA rules

Ø  RBI external panel suggested status quo in Dec policy

Ø  Aurobindo Pharma gets USFDA nod for its conjunctivitis drug

Aurobindo Pharma

Aurobindo Pharma: Gets US FDA Nod For Olopatadine Hydrochloride Opthalmic Solution

Watch on PSU Bank

Watch on PSU Bank -  

The government is expected to the push the Bankruptcy Law in the next three days and is likely to introduce the same in Parliament today.  It will be positive for the market if Bankruptcy Bill clear Upper House in the Parliament.

21/12/2015


Economic Times

Business Standard
Ø  No service tax on payments to expats in MNCs arms

Ø  Industry to be safeguarded from GST delay: Piyush Goyal

Ø  Tata Motors only Indian firm on top-50 global R&D list, topped by Volskwagen

Ø  Govt sells PSU shares worth $5 billion in 2015

Ø  CAG raps railway over lack of land management cells

Ø  Currency valuations buoy India's Forex reserves


Ø  Trai's call drop fine not feasible for industry: Telenor

Ø  Delayed GST bill better than flawed one: Chidambaram

Ø  FDI focus to improve external finances, bolster rupee: Moody's

Ø  Bankruptcy bill to be tabled on Monday

Ø  Gold-rich temples weigh monetisation, but 'melting' a dampener

Ø  BSNL cuts mobile call rates by 80% for new customers

Business Line

Mint
Ø  SCOPE suggests fresh reform committee for PSUs 

Ø  USFDA warning letter: Sun to set up taskforce to tackle Halol problems

Ø  BSE-listed companies spentRs. 6,400 cr on CSR last fiscal

Ø  Emerging equities, a value trap with weak earnings outlook: Survey

Ø  CVC alerts banks to fake CA certificates from borrowers


Ø  Sun Pharma gets USFDA warning letter on Halol facility

Ø  Govt to remain tough on service quality issues of telcos

Ø  IVRCL to carve out two companies

Ø  Madura experiments with first omni-channel retail

Ø  US justice department probes data breach at Uber

Ø  Century Textiles allots 10.18 mn shares to two firms of Aditya Birla Group

Financial Express

Financial Chronicle
Ø  Govt to announce minimum import price of steel soon: Minister

Ø  Commodity exchanges eye revival after modest 2015

Ø  Nine of top 10 most valued companies add Rs 69,415 cr in market capital

Ø  PFRDA switches to PAN for online enrolment under NPS


Ø  Volatility to rule markets in holiday-shortened week

Ø  Very low chance of any severe market turmoil from external risks

Ø  BSE to introduce auto-cancellation of reversal trades soon

Ø  Tata Power's arm commences 150 mw supply to Kerala

Ø  Kesoram Ind to raise up to Rs 650 cr via issue of securities

Tower Talk

Tower Talk 

🔹 Now that the suspense of the US Federal rate hike is out of the way, the markets could now recover. Buy India Bulls
Housing Finance, Can Fin Homes and Dewan Housing Finance Corporation for quick gains.

🔹 Banks willing to grant fresh loans of Rs.2400 crore to Amtek Auto indicates that this share is poised for recovery. 
Buy for decent gains in about 2 years.

🔹 Sun Pharmaceutical Industries plans to raise Rs.1000 crore for future business investments. Buy for medium-to-
long-term.

 🔹Analysts recommend Tata Elxsi for a price target of Rs.2820 within 6 months.

🔹 Eclerx Services has recommended a 1:3 bonus issue. Moreover, its Q3FY16 results are also expected to surpass its 
Q2FY16 results. Accumulate on dips.

🔹Recent court rulings have gone in favour of Indraprastha Gas and further developments in its business due to its 
monopolistic position in Delhi should help improve margins. Buy for the long-term.

🔹 SpiceJet workings have been improving on account of falling crude oil prices. Buy for 50% returns within a year.

🔹 The government has levied a 5 year anti-dumping duty on gliclazide imports from China. A positive for Venus Remedies.

🔹 Everest Kanto Cylinder to benefit from the recent Supreme Court judgment of banning diesel vehicles in Delhi.

🔹 In times of volatility and falling crude oil prices, it is advisable to remain invested in defensive stocks such as JK 
Tyre & Industries and Poddar Pigments.

🔹 The Supreme Court has initiated anti-pollution measures. Buy Praj Industries, which manufactures ethanol plants.

🔹 LIC won’t participate in the open offer of Tide Water Oil (India). Hence, there is a possibility of the open offer price being raised again.

🔹 Texmaco Rail & Engineering has recently bagged huge orders from Hitachi, Japan for domestic rail equipment. 
With its Rs.3000 crore outstanding order book and with the Bullet train project in the pipeline, its revenues are bound to be boosted in the coming years. Accumulate on dips for long-term.

🔹 Jasch Industries has moved up smartly after Money Times recommended it last week. One may still accumulate and hold for decent gains within a few months.

🔹 Sakuma Exports is all set to post a consolidated EPS of Rs.20 in FY16. The share is poised to touch the Rs.140 mark.

🔹 Ador Fontech is available cheap at nearly half valuations when compared to Ador Welding. Investors can accumulate this stock for a quick 50% appreciation.

🔹 Anuh Pharma has recently received several drug approvals, the latest one being for its Malaria Drug from World 
Health Organization. The stock looks good for short as well as long term investment.

🔹 World Bank approves $1.5 billion to support India's universal sanitation initiatives. A positive for companies like 
Sahyadri Industries.

🔹 Enkei Wheels has allotted preference shares 
to Enkei Corp of Japan at Rs.188 per share. Its 
stock rally is about to start.

🔹 Some funds and HNIs have made fresh entry 
into Force Motors counter. With improving 
fundamentals going forward, the share is 
expected to touch Rs.4500 mark in the near 
future.

🔹 Grey market premium for minimum 
application form of Narayana Hrudayalaya
has crashed to Rs.400 from Rs.700 while its 
share premium has fallen to Rs.10 from a high of Rs.65. 

🔹 The latest share premium of Alkem Laboratories is Rs.240-250 and of Dr. Lal PathLabs is Rs.115-120.

🔹 An Ahmedabad-based analyst recommends to buy Adani Transmission, Compuage Infocom, Milk Food and Windsor Machines.

🔹 Now that the suspense of the US Federal rate hike is out of the way, the markets could now recover. Buy IndiaBulls
Housing Finance, Can Fin Homes and Dewan Housing Finance Corporation for quick gains.

🔹 Banks willing to grant fresh loans of Rs.2400 crore to Amtek Auto indicates that this share is poised for recovery. 
Buy for decent gains in about 2 years.

🔹 Sun Pharmaceutical Industries plans to raise Rs.1000 crore for future business investments. Buy for medium-to-
long-term.

 🔹Analysts recommend Tata Elxsi for a price target of Rs.2820 within 6 months.

🔹 Eclerx Services has recommended a 1:3 bonus issue. Moreover, its Q3FY16 results are also expected to surpass its 
Q2FY16 results. Accumulate on dips.

🔹Recent court rulings have gone in favour of Indraprastha Gas and further developments in its business due to its 
monopolistic position in Delhi should help improve margins. Buy for the long-term.

🔹 SpiceJet workings have been improving on account of falling crude oil prices. Buy for 50% returns within a year.

🔹 The government has levied a 5 year anti-dumping duty on gliclazide imports from China. A positive for Venus Remedies.

🔹 Everest Kanto Cylinder to benefit from the recent Supreme Court judgment of banning diesel vehicles in Delhi.

🔹 In times of volatility and falling crude oil prices, it is advisable to remain invested in defensive stocks such as JK 
Tyre & Industries and Poddar Pigments.

🔹 The Supreme Court has initiated anti-pollution measures. Buy Praj Industries, which manufactures ethanol plants.

🔹 LIC won’t participate in the open offer of Tide Water Oil (India). Hence, there is a possibility of the open offer price being raised again.

🔹 Texmaco Rail & Engineering has recently bagged huge orders from Hitachi, Japan for domestic rail equipment. 
With its Rs.3000 crore outstanding order book and with the Bullet train project in the pipeline, its revenues are bound to be boosted in the coming years. Accumulate on dips for long-term.

🔹 Jasch Industries has moved up smartly after Money Times recommended it last week. One may still accumulate and hold for decent gains within a few months.

🔹 Sakuma Exports is all set to post a consolidated EPS of Rs.20 in FY16. The share is poised to touch the Rs.140 mark.

🔹 Ador Fontech is available cheap at nearly half valuations when compared to Ador Welding. Investors can accumulate this stock for a quick 50% appreciation.

🔹 Anuh Pharma has recently received several drug approvals, the latest one being for its Malaria Drug from World 
Health Organization. The stock looks good for short as well as long term investment.

🔹 World Bank approves $1.5 billion to support India's universal sanitation initiatives. A positive for companies like 
Sahyadri Industries.

🔹 Enkei Wheels has allotted preference shares 
to Enkei Corp of Japan at Rs.188 per share. Its 
stock rally is about to start.

🔹 Some funds and HNIs have made fresh entry 
into Force Motors counter. With improving 
fundamentals going forward, the share is 
expected to touch Rs.4500 mark in the near 
future.

🔹 Grey market premium for minimum 
application form of Narayana Hrudayalaya
has crashed to Rs.400 from Rs.700 while its 
share premium has fallen to Rs.10 from a high of Rs.65. 

🔹 The latest share premium of Alkem Laboratories is Rs.240-250 and of Dr. Lal PathLabs is Rs.115-120.

🔹 An Ahmedabad-based analyst recommends to buy Adani Transmission, Compuage Infocom, Milk Food and Windsor Machines.