CALL OF 25/05/2016 WEDNESDAY

@ 03:22

Buy Eq PFC  ltp 169 

sl 164 

trgt 184

SL HIT

MARKET UPDATE

SGX Nifty +14 pts (8202) from last trade 8188 , 

Nikkei -6 pts , Hangseng -12 pts , NOW @6.53am , 

‎US Mkt Clsd,  Bovespa -87 pts , Ftse Clsd  , Dax +46 pts  , Cac +14 pts  , Crude @ $49.49 brl (+0.16 ), Brent @ $49.76 brl (+0.44) , Gold @ $1211.40 (-5.30), Silver @ $16.03 (-0.23), Euro @ $1.1146, JPY @ $110.9200, INR @ $67.1687



Today's Corporate Action
31st May Ex Date


PAGEIND
Interim Dividend - Rs. - 22.0000



Today's Data Alert



May 31: GDP estimate for Jan-Mar and 2015-16, by CSO. 1730 IST.

May 31: Government finances for March and April, by CGA.

May 31: CPI for industrial workers for April, by Labour Bureau.

May 31: Core sector growth for April, by commerce and industry ministry.

Economic Times

Business Standard
Ø  PE funds now want more or even the whole pie
Ø  Despite efforts, no results in agri-economy: Gadkari
Ø  Trai issues pre-consultation paper on net neutrality 
Ø  No TDS for PF withdrawals of up to Rs 50,000 from June 1
Ø  Tata Motors Q4 net surges 3-fold at Rs 5,177 cr
Ø  Sebi notifies winding down policy for depositories
Ø  'Govt, RBI trying to resolve payment issue with Venezuela'
Ø  Government announces rules for equalisation levy

Ø  Ficci survey pegs FY17 growth at 7.7%
Ø  Now ministers can approve non-plan proposals of upto Rs500 cr
Ø  Use black money disclosure window and 'sleep well': FM
Ø  S&P lowers long-term issuer credit rating on Bank of India
Ø  Don't extend diesel vehicle ban to other cities: Centre to NGT
Ø  PNB, BoI might skip dividend in FY17: FinMin
Ø  S&P, Fitch downgrade Rolta
Ø  L&T Infotech recalls 1,500 job offers
Business Line
Ø  PSUs told to give vacant space for skill training centres
Ø  Oil prices dip on strong dollar, rising Canadian output
Ø  Fire at Subros forces Maruti to suspend production
Ø  Extend tax holiday for start-ups to 7 years: Nirmala to FinMin
Ø  JSW Group sees opportunity in a sectoral crisis
Ø  926 govt Web sites fail quality audit
Mint
Ø  Banks may continue to report bad loans issues for 2 more qtr
Ø  Mahindra Q4 profit rises 6% to Rs583.73 cr on higher SUV sales
Ø  Hindalco’s aluminium business back in the driver’s seat
Ø  Berger Paints profit surges 34% to Rs94.75 cr in March quarter
Ø  Reliance Communications Q4 net profit falls 22%
Ø  NTPC Q4 net profit dips 7.73% to Rs 2,716.41 crore
Financial Express               
Ø  Sensex gains for fifth day, rallies 72 points; Nifty settles  8,170
Ø  Christine Lagarde remote control makes Europeans doubt IMF role in Greek deal
Ø  Sebi orders attachment of 25 properties of 3 firms
Ø  MTNL posts net profit of Rs 174.58 cr for January-March
Ø  Australia miners merge, hope to boost lithium sales

Financial Chronicle
Ø  SoftBank’s investments in India may surpass $10b
Ø  FM to take India story forward with Japanese investors
Ø  India to drive world for next 10 yrs: Goh Chok Tong
Ø  Investor education pays off, SIP accounts double
Ø  SBI becomes top merchant acquiring bank in country
Ø  PSUs lack good capital buffer, profitability: Moody's

Tata Motors Q4

Cons Net Profit At Rs 5,177 Cr Vs Rs 1,716.5 Cr (YoY)

Cons Total Income +19% At Rs 80,684 Cr Vs Rs 67,777 Cr (YoY)

M&M Q4

Standalone Net Profit At Rs.583.7 Cr Vs CNBC-TV18 Poll Of Rs.628 Cr

Standalone Total Income At Rs.10,800 Cr Vs CNBC-TV18 Poll Of Rs.9,950 Cr

Standalone Other Income At Rs.111.7 Cr Vs Rs.89.6 Cr (YoY)

Economic Times

Business Standard

Ø  Govt may merge loss-making PSEs with profitable peers

Ø  Rel Jio to lease more base stations from tower cos

Ø  China's bad loans rise: Banking regulator

Ø  India's infra growth story a hit in Japan, Softbank may invest big in solar power: FM

Ø  'Normal monsoons can boost farm income by 20%'

Ø  Govt to cancel tenders bagged by Finmeccanica

Ø  Tata Steel may hold on to its UK steelworks: Report



Ø  Govt eyes Rs 8,000 cr from stake sale in 4 PSUs

Ø  Govt sanguine about GST passage minus Cong leg-up

Ø  Investment in farm infrastructure must for 100% FDI in food processing

Ø  Government plans to unveil solar zones policy in June

Ø  Sun Pharma gets US subpoena over pricing of generic drugs

Ø  PM to visit 5 nations; to discuss black money issue with Swiss

Ø  UP sugar mills face heat over Rs 2,500 crore arrears

Business Line

Ø  Indo-American Chamber bid to boost bilateral trade, KPMG to come out with report

Ø  Dumping duty imposed on coumarin imports from China

Ø  Auction of coal linkages for sponge iron sector on Tuesday

Ø  India among top 10 steel importers in 2015: WSA

Ø  United Spirits plans to reduce debt by Rs. 2,000 cr in 2 years

Ø  Jet Airways to take back six Boeing planes from Etihad 

Mint

Ø  Coal India Q4 profit up marginally at Rs4,248 crore

Ø  Reliance Infra Q4 profit rises 43.7% to Rs659.85 crore

Ø  Bayer CEO invites environmental groups to discuss Monsanto bid

Ø  Govt seeks CSR spending information under companies law

Ø  ONGC plans buying majority stake in GSPC’s KG gas block

Ø  Sebi launches auction process for PACL assets

Financial Express               

Ø  CBDT begins consultation process with stakeholders on GAAR

Ø  India targetting steel output of 300 mn tonnes: Vishnu Deo Sai

Ø  Global economic crisis linked to 260,000 more cancer deaths: Study

Ø  Beyond IT/BPO, new jobs not being created: 2/3 of record FDI only in services

Ø  Twitter has paid $322,420 to bug hunters so far



Financial Chronicle

Ø  Foreign investors welcome, but no place for tainted money: Sebi

Ø  Govt to cancel defence tenders bagged by Finmeccanica

Ø  'RBI to lower rates by another 50 bps in FY17'

Ø  Cotton to stay lower on rise in output at home, abroad

Ø  Govt to sell off 14 perennially loss making ITDC hotels⁠⁠⁠⁠

Market Update

Sgx Nifty +35 pts
‎Dow +44.93 pts ,Nsdq +31.74 pts , S&P +8.96 pts ‎, Bovespa -431 pts , Ftse +5 pts , Dax +13 pts  , Cac +2 pts  , Nikkei  + 96 pts, now, Crude @ $49.69 brl (+0.36 ), Brent @ $49.32 brl (-0.00) , Gold @ $1210.20 (-6.53), Silver @ $16.17 (-0.09), Euro @ $1.1109, JPY @ $110.8400, INR @ $67.0350

US GENERIC GOVT. 10-YEAR YIELD  :  1.8510%

Today's Corporate Action
30th May Ex Date

GMBREW
Bonus issue 1:4
ITC
Dividend - Rs. - 8.5000
YESBANK
Final Dividend - Rs. - 10.0000
‎

Today's Key Results
30th May


Auro Pharma( Cog Cons Est Net 564 Cr +40 % Yoy) 
M&M ( Cog Est Net 682 Cr + 24 % Yoy)
Ntpc ( Cog Est Net 2284 Cr - 22 % Yoy)  
Sun Pharma ( Cog Cons Est Net 1923 Cr + 117% Yoy) 
Tata Mot( Cog Cons Est Net 3389 Cr + 97 % Yoy) 
Ntpc ( Cog Est Net 2284 Cr - 22 % Yoy) 


Bata ( Cog Est Net 33cr - 43% yoy)
Berger Paint( Cog Est Net 85 Cr + 21% Yoy) 
Ipca lab ( Cog Est Net 55 cr + 609% Yoy)
Gmr Infra ( Cog Est Net -485cr) 
Prestige Est ( Cog Est Net 88cr - 22% Yoy)
Rcom ( Cog Est Net 178 Cr - 22 % Yoy) 
Sail ( Cog Est Net -996 Cr)

🔵IMPORTANT DATE TO REMEMBER 👇

👉 7  June RBI policy

👉 15 June U.S. fed interest rate decision     

👉 June 16 to 1 July Monsoon session 

👉 23 June  Brexit referrandum

NMDC Q4

Net Profit -59% At Rs 552.9 Cr Vs Rs 1,347.1 Cr (YoY)

Total Income -45.9% At Rs 1,530 Cr Vs Rs 2,828.6 Cr (YoY)

REC Q4

Net Profit +5.8% At Rs 1,160 Cr Vs Rs 1,096.5 Cr (YoY)

NII At Rs 2,261.9 Cr Vs CNBC-TV18 Poll Of Rs 2,330.8 Cr

BEML Q4

Net Profit -8.5% At Rs 154.6 Cr Vs Rs 168.9 Cr (YoY)

Total Income -21% At Rs 1,009 Cr Vs Rs 1,297 Cr (YoY)⁠⁠⁠⁠

Rel Power Q4

Cons Net Profit +15.8% At Rs.320.2 Cr Vs Rs.276.5 Cr (YoY)

Cons Total Income +59.3% At Rs.2,604.9 Cr  Vs Rs.1,635.6 Cr (YoY)

IOC Q4

Net Profit At Rs.1,236 Cr Vs CNBC-TV18 Poll Of Rs.4,077 Cr

Total Income At Rs.80,449.7 Cr Vs CNBC-TV18 Poll Of Rs.75,097 Cr

Canara Bank Q4

Net Loss At Rs.3,905 Cr

Gross NPA At 9.4% Vs 5.84% (QoQ)

Net NPA At 6.42% Vs 3.90% (QoQ)

NII -4.5% At Rs.2,374 Cr Vs Rs.2,486 Cr (YoY)

BEL Q4

Net Profit At Rs.794.5 Cr Vs CNBC-TV18 Poll Of Rs.775 Cr

Total Income At Rs.3,215 Cr Vs CNBC-TV18 Poll Of Rs.3,470 Cr

HPCL Q4

Net Profit At Rs.1,552 Cr Vs CNBC-TV18 Poll Of Rs.1,216 Cr

Total Income At Rs.42,195 Cr Vs CNBC-TV18 Poll Of Rs.38,791 Cr

SBI Q4

Net Profit At Rs.1,264 Cr Vs CNBC-TV18 Poll Of Rs.1,916 Cr

Gross NPA At 6.5% Vs 5.1% (QoQ)

Net NPA +38.7% At Rs.55,807 Cr Vs Rs.40,249 Cr (QoQ)

NII +3.9% At Rs.15,291 Cr Vs Rs.14,712 Cr (YoY)

CALL OF 26/05/2016 THURSDAY 

@ 11:16

Buy Eq Icici bank ltp 237 

sl 232 

trgt 248

MADE A HIGH OF 248.20

 TRGT DONE

BOOK  PROFIT HERE

& EXIT

CALL OF 26/05/2016 THURSDAY 

@ 10:06

Buy eq AB NUVO ltp 1018 

sl 1000 

trgt  1054

TRGT HIT

BOOK PROFIT  & EXIT⁠⁠⁠⁠

Market Update

Sgx Nifty +32 pts
‎Dow -23.22 pts ,Nsdq +6.88 pts , S&P -0.44 pts ‎, Bovespa Clsd , Ftse +2 pts , Dax +67 pts  , Cac +31 pts  , Nikkei  + 98 pts, now, Crude @ $49.33 brl (-0.15), Brent @ $49.59 brl (-0.15) , Gold @ $1220.20 (-0.20), Silver @ $16.34 (-0.00), Euro @ $1.1193, JPY @ $109.7000, INR @ $67.1775



Today's Corporate Action
27th May Ex Date


None‎





Today's Key Results
27th May


Sbi ( Cog Est Net 1928 Cr - 48% Yoy) 
Bhel ( Cog Est Net 323 Cr - 64 % Yoy) 

Can Bank ( Cog Est Net 188 Cr - 69% Yoy) 
Karur Vysa (‎ Cog Est Net 148 Cr - 48 % Yoy) 
Rel Power ( Cog Cons Est Net 358 Cr + 30 % Yoy) 
Muthooth Fin ( Cog Est Net 194 Cr + 18 % Yoy) 
Rec ( Cog Est Net 1401 Cr + 28 % Yoy) 
Sun Tv ( Cog Est Net 224 Cr + 11 % Yoy) 
Nmdc ( Cog Est Net 717 Cr - 47% Yoy) 
IOC ( Cog Est Net 4090 Cr - 35% Yoy) 
Oil India ( Cog Est Net 268 Cr - 51 % Yoy) 
Bel ( Cog Est Net  751 Cr + 4% Yoy) 
Hpcl ( Cog Est Net 1203 Cr - 44% Yoy) 
DLF ( Cog Cons Est Net +136 Cr -21 % Yoy) 
Beml (‎ Cog Est Net 151 Cr -10 % Yoy) 

3i Info,Alkem Lab,Assam Co, BL Kashyap,Bombay Dyeing,Central Bank,Cromp Greaves,D B Realty, Dynamatic Tech,Excel Inds,Eros Int, Heg ltd,IOB,Indoco Rem,Kalindee Rail, Kcp Ltd,Lyka lab,Mercator,Mmtc, Orchid Pharma, Pricol,Rpp Infra,Sh Kelkar,Sjvn,Sudarshan Chem,Surya Roshni,Tnpl,Tata Comm,Thomas Cook,Venky's Ind,Vst Tiller,Zandu Realty




Today's Global Data


May 27: US federal discount window borrowings; 0200 IST

May 27: US money stock measures; 0200 IST

May 27: US foreign central bank holdings; 0200 IST

May 27: UK May consumer confidence survey; 0435 IST

May 27: Japan May consumer price index, consumer price index ex-food for Tokyo,entire nation; 0500 IST

May 27: Japan May 1-10 provisional trade statistics; 0520 IST

May 27: Japan April detailed import, export statistics; 0600 ISTMay 27:

Japan G7 summit

May 27: Japan April steel imports, exports statistics; 1130 IST

May 27: European Union May EuroCOIN indicator of economic activity; 1300 IST

May 27: US Jan-Mar GDP second estimate; 1800 IST

May 27: US Jan-Mar preliminary corporate profits; 1800 IST

May 27: US May University of Michigan final consumer survey; 1930 IST

May 27: Federal Reserve Chair Yellen to speak; 2245 IST

May 27: Japan G7 summit concludes

Economic Times

Business Standard

Ø  India's growth to rise to 8% in FY2019: Fitch

Ø  FPIs' holding in BSE-200 cos drops to $291 billion

Ø  Jaitley keeps options open on extension of Rajan's term

Ø  Jet Airways posts first annual profit after 8 years

Ø  Exporters can be put on caution list on ED, CBI action: RBI

Ø  Oil to cross $70 within next 12 months: Geosphere

Ø  Torrent Pharma in talks to buy Glochem for Rs 300 cr



Ø  ONGC Q4 net rises 12% to Rs 4,416 cr

Ø  Investor wealth surges by over Rs 2.69 lakh cr in 3 days

Ø  Rains might make delayed entry and a splash thereafter

Ø  India could lose $49 billion in GDP by food price shock: UN

Ø  FinMin, RBI form committee to boost cashless transaction

Ø  India's bankruptcy law positive for banks: Moody's

Ø  BPCL net profit falls 10.6%

Business Line

Ø  Bread manufacturers to voluntarily withdraw use of potassium bromate as food additive

Ø  Gujarat rolls back 5% VAT on industrial salt 

Ø  Cotton body pegs output lower at 341 lakh bales on crop damage

Ø Godrej's Rs. 200-cr capacity expansion to focus on premium products

Ø  'New bankruptcy code is credit positive for banks, but challenges remain'

Mint

Ø  Raghuram Rajan warns of China slowdown threat to global economy

Ø  Snapchat raises $1.81 billion in new funding round

Ø  Karnataka clears investment proposals of Biocon, PepsiCo and Manyata Promoters

Ø  Zomato scales back operations in overseas markets

Ø  Patanjali rapped for false and misleading advertisements

Ø  India Cements March quarter profit rises 40% to Rs51.21 crore

Financial Express               

Ø  Stock markets at 2016 closing high, Sensex ends 485 points up, Nifty settles at 8,070

Ø  Govt approves over Rs 5,530 cr for infra boost in 111 cities

Ø  Labour reforms not essential for industrial growth: Jaitley

Ø  SIDBI profit declines by 17 percent to Rs 1,177 cr in FY'16

Ø  Nirmala Sitharaman exhorts Bahrain to ramp up investments in India



Financial Chronicle

Ø  Pranab lists 8 steps to resolve issues between India, China

Ø  Good policy essential to India's stability: Rajan

Ø  Sebi bans wilful defaulters from markets

Ø  Fortis board to consider SRL demerger; Q4 loss at Rs 91 cr

Ø  'India's installed solar capacity reached 6gw in six yrs'

Jet Airways Q4

Net Profit At Rs 397 Cr Vs Loss Of Rs 1,729 Cr (YoY)

Total Income +3.6% At Rs 5,245.3 Cr Vs Rs 5,064 Cr (YoY)

Fortis Health Q4

Cons Net Loss At Rs 91 Cr Vs Loss Of Rs 17.5 Cr (YoY)

Cons Total Income At Rs 1,088.2 Cr Vs Rs 1,053.7 Cr (YoY)⁠⁠⁠⁠

ONGC Q4

Net Profit At Rs.4,416 Cr Vs Rs.1,286 Cr (QoQ)

Total Income At Rs.16,385 Cr Vs CNBC-TV18 Poll Of Rs.15,682 Cr

CALL OF 25/05/2016 WEDNESDAY

@ 12:45

EQ CALL

Buy HERO MOTO ltp 2922 

sl 2900 

trgt 2960/2980

ALL TRGT HIT

BOOK PROFIT & EXIT

CALL OF 25/05/2016 WEDNESDAY

@ 12:48

EQ CALL

Buy Eq ITC ltp 351 

sl 346 

trgt 360/370

FIRST TRGT HIT

BOOK PARTIAL PROFIT HERE

CALL OF 25/05/2016 WEDNESDAY

@ 11:36

Buy Dr Reddy Jun fut ltp 3068 

sl 3020 

trgt 3116

TRGT HIT

BOOK PROFIT & EXIT

CALL OF 25/05/2016 WEDNESDAY

@ 12:45

EQ CALL

Buy HERO MOTO ltp 2922 

sl 2900 

trgt 2960/2980

FIRST TRGT HIT

NIFTY VIEW @ 09:17

Nifty 50 (7934)

Nifty yesterday showed good momentum it hold support of 7730 and rised upto 7900. 

Today being expiry it can show volatility. 

Today above 7944 it can show 7990.... 8080

And positional it can show 8280 ...8600

If faces resistance again here it can again show 7700..7540

Market Update

Sgx Nifty +30 pts
‎Dow +145.46 pts ,Nsdq +33.84 pts , S&P +14.48 pts ‎, Bovespa +137 pts , Ftse +43 pts , Dax +147 pts  , Cac +50 pts  , Nikkei  +121 pts, now, Crude @ $49.65 brl (+0.09), Brent @ $49.74 brl (+1.13) , Gold @ $1222.60 (-1.20), Silver @ $16.29 (+0.02), Euro @ $1.1153, JPY @ $110.1800, INR @ $67.3350



Today's Corporate Action
26th May Ex Date


ABHIIND
Final Dividend - Rs. - 0.3000
EASTRED
Final Dividend - Rs. - 0.5000
RAYMOND
Dividend - Rs. - 3.0000



Today's Key Results
26th May


ONGC ( Cog Est Net 2409 Cr -39 % Yoy) 
Power Grid ( Cog Est Net 1756 Cr + 24% Yoy) 

Shree Cem ( Cog Est Net 167 Cr +40 % Yoy) 
Tata Chem ( Cog Cons Est Net 142 Cr) 
United Spirit( Cog Est Net 92 Cr) 
Mphasis ( Cog Cons Est Net 180 Cr + 2 % Yoy) 
Natco Pharma ( Cog Cons Est Net 49 Cr - 10% Yoy) 
Jet Airways ( Cog Est Net 385 Cr) 



Today's Data Alert


May 26: Water level in major reservoirs as on May 26, by CWC.

May 26: Rainfall for week to May 25, by IMD.




Today's Global Data



May 26: UK CBI service sector survey; 0431 IST

May 26: Japan April services producer price index; 0520 IST

May 26: UK April BBA main high street banking groups statistics; 1400 IST

May 26: UK Jan-Mar GDP second estimate; 1400 IST

May 26: UK March service sector figures; 1400 IST

May 26: UK Jan-Mar business investment provisional results; 1400 IST

May 26: US April durable goods advance report; 1800 IST

May 26: US unemployment insurance - initial claims for week ended May 21;
 1800 IST

May 26: US weekly export sales; 1800 IST

May 26: US April pending home sales index; 1930 IST

May 26: US EIA natural gas storage report for week ended May 20; 2000 IST

May 26: Federal Reserve Bank of Kansas City May survey of tenth district manufacturing; 2030 IST

May 26: US Federal Reserve Governor Powell to speak; 2145 IST

Economic Times

Business Standard

Ø  Govt approves Capital Goods Policy, aims 21-mn jobs

Ø  Govt determined to push through GST Bill in next session: FM

Ø  Debt of 270 companies declined by Rs 47,813 cr: SBI

Ø  EPFO doubles insurance for subscribers to Rs 6 lakh

Ø  Sebi to act tough against rating agencies for lapses

Ø  Govt approves MoU between ISRO and the UAE Space Agency



Ø  RBI's AQR shows banks were hiding nearly half of their NPAs

Ø  Govt withdraws GM seed notification capping license fees

Ø  Cabinet clears India, Japan pact on thermal power

Ø  Tata Steel Q4 net loss narrows to Rs 3,214 cr

Ø  Sebi to facilitate exit of nearly 4,200 cos from stock exchanges

Ø  NBCC to take over Hindustan Steel Works Construction

Business Line

Ø  TRAI ropes in experts for inter-operability of set-top box

Ø   India woos Chinese investors, urges participation in Make in India prog

Ø  Nalco board okays Rs 2,835-cr buyback programme

Ø  NSE Academy takes off with a global programme

Ø  MCX copper climbs but downtrend remains intact

Ø  Ashok Leyland profit falls 66% to Rs 70 cr

Mint

Ø  Hewlett Packard Enterprise plans $8.5 bn spinoff, merger

Ø  David Cameron says bids for Tata UK “encouraging”

Ø  Dr Reddy’s buys six OTC brands from Ducere Pharma

Ø  Reliance, BP said to seek withdrawal from India gas arbitration

Ø  Rosneft, Essar Oil stake sale deal may include exploration and production assets

Ø  L&T Q4 profit rises 18.55% to Rs2,453.64 crore on higher sales

Financial Express               

Ø  Citigroup to pay $425 mn over attempted forex, rate manipulation

Ø  Sebi wants P-Note users to come directly to India

Ø  Zydus Cadila gets USFDA's final nod for fungal treatment drug

Ø  Rupee seeing moderate volatility amid Fed actions: Report

Ø  HSBC to issue $2 bn of convertible bonds



Financial Chronicle

Ø  India, China must expand shared interests: Mukherjee

Ø  India business confidence dips to 5 month low in May

Ø  Watching India-Iran ties 'very closely': US

Ø  FIs bullish on equity, cautious on debt: DBS

Ø  'No downside for food price inflation even if it rains'

L&T Q4

Net Profit At Rs 2454 Cr Vs CNBC-TV18 Poll Of Rs 2,030 Cr

Cons Total Income At Rs 33,157 Cr Vs CNBC-TV18 Poll Of Rs 31,429 Cr⁠⁠⁠⁠

PFC Q4

Net Profit At Rs.1,259.6 Cr Vs CNBC-TV18 Poll Of Rs.1,511.8 Cr

Total Income At Rs.6,705 Cr Vs Rs.6,390 Cr (YoY)

Ashok Leyland Q4

Net Profit At Rs.77 Cr Vs CNBC-TV18 Poll Of Rs.420 Cr

Total Income At Rs.5,955 Cr Vs Rs.4,505.7 Cr (YoY)

Bosch Q4

Net Profit At Rs.376 Cr Vs Rs.287.4 Cr (YoY)

Total Income At Rs.2,714 Cr Vs Rs.2,388.8 Cr (YoY)

Bajaj Auto Q4

Net Profit At Rs.803 Cr Vs CNBC-TV18 Poll Of Rs.813 Cr

Total Income At Rs.5,411.4 Cr Vs CNBC-TV18 Poll Of Rs.5,248 Cr

CALL OF 19/05/2016 THURSDAY

@ 09:33

Buy Tata Motors ltp 388 

sl 380 

trgt 400

MADE A HIGH OF 399.75

ALMOST TRGT DONE 

BOOK PROFIT  &  EXIT

Market Update

Sgx Nifty +59 pts
‎Dow +213.12 pts ,Nsdq +95.27 pts , S&P +28.02 pts ‎, Bovespa +14 pts , Ftse +82 pts , Dax +215 pts  , Cac +106 pts  , Nikkei  +274 pts, now, Crude @ $49.25 brl (+0.63), Brent @ $48.61 brl (+0.26) , Gold @ $1224.60 (-4.60), Silver @ $16.20 (-0.05), Euro @ $1.1136, JPY @ $110.1100, INR @ $67.7550



Today's Corporate Action
25th May Ex Date


None



Today's Key Results
25th May


Bosch ( Cog Est Net 335 Cr + 17 % Yoy Time - During Mkt) 
Bajaj Auto ( Cog Est Net 802 Cr + 29% Yoy Time - During Mkt) 
L&T ( Cog Cons Est Net 1950 Cr -6. % Yoy Time - After Mkt) 
Gail ( Cog Est Net 702 Cr +37% Yoy Time - During Mkt) 
Tata Steel ( Cog Cons Est Net - 940 Cr Time- After Mkt) 

Ashok Ley ( Cog Est Net 416 Cr + 81 % Yoy)  
Aia Eng ( Cog Est Net 96 Cr - 14% Yoy) 
Cummins ( Cog Est Net 185 Cr -2% Yoy) 
Concor ( Cog Est Net 219 Cr -25 % Yoy)

Economic Times

Business Standard

Ø  'US Fed unlikely to hike interest rates soon'

Ø  Need to empower banks to deal with NPAs: FM

Ø  Govt eyes Rs 25 lakh cr infra investments to create 4 crore jobs

Ø  Tech Mahindra drops plans to start payments bank 

Ø  'At least four parties bid for Tata Steel's UK assets'

Ø  Airtel buys Videocon's airwaves for Rs 4,428 crore

Ø  High interest rates affecting industry, small biz: N Sitharaman

Ø  UAE tightens norms for import of veggies from India



Ø  Asset value math may hit black money window

Ø  India Inc bats for Raghuram Rajan's second innings at RBI

Ø  IT Dept to declare the name of tax defaulters

Ø  Skymet raises monsoon forecast to 109% of long period average

Ø  Monsanto to reject Bayer bid, seek higher price-sources

Ø  Rupee free fall continues, plunges 26 paise to 67.75

Ø  RBI says 1/3rd of ATMs non-functional, warns of penal action

Ø  Maruti to spend 40% of FY17 capex on product development

Business Line

Ø  Labour Minister for raising EPFO’s investment in stocks 

Ø  FSSAI suggests ban on potassium bromate use as food additive

Ø  IRDAI imposes Rs. 35 lakh penalty on Future Generali 

Ø  Bajaj Finance Q4 net up 36%; board declares Rs. 7/share final dividend 

Ø  Centre aims for 270.10 mt foodgrain output in 2016-17

Ø  Demerged Sterlite Tech becomes pure play telecom player

Mint

Ø  Nokia in talks with Indian telecom operators over 5G networks

Ø  Bank of India posts Rs3,587 crore loss in Q4 as provisions double

Ø  Oil ministry offers small fields under liberal terms

Ø  Colgate-Palmolive net dips 10.8% at Rs145.89 crore

Ø  VRL Logistics stock plunges as promoters announce aviation foray

Ø  Re-looking at Indian operations due to diesel ban: Toyota

Financial Express               

Ø  Sensex snaps 4-day losing streak, ends 75 points up, Nifty settles at 7,749;

Ø  Tata Global Beverage Q4 net profit at Rs 106 crore

Ø  Ministry of Civil Aviation to move aviation policy for Cabinet nod in few weeks

Ø  Stop outages or face licence cancellation: Delhi govt to discoms



Financial Chronicle

Ø  It's time for PSU banks' mergers, says Vinod Rai

Ø  India seeks rights to operate Iran oil field

Ø  DB sees India's GDP growth at 7.8% next year

Ø  China wants to extend its Nepal rail link to India

Ø  Indian tablet shipments go up by 1.3% over FY15

Ø  Nissan eyes 20% growth in sales in North East

Bank Of India Q4

Net Loss At Rs 3,587 Cr Vs CNBC-TV18 Poll Of Rs 920 Cr Loss

Gross NPA +36.6% At Rs 49,879 Cr Vs Rs 36,519 Cr (QoQ)

Net NPA +40% At Rs 27,996 Cr Vs Rs 19,978 Cr (QoQ)

NII +11.9% At Rs 3,187 Cr Vs Rs 2,847 Cr (YoY)

Tech Mahindra Q4

Cons Net Profit At Rs 897 Cr Vs CNBC-TV18 Poll Of Rs 751 Cr

Cons Total Income At Rs 6,883.7 Cr Vs CNBC-TV18 Poll Of Rs 6,831 Cr

Dollar Revenue At $1,022.6 m Vs CNBC-TV18 Poll Of $1,014 m

Forex Gain Of Rs 64.3 Cr Vs Loss Of Rs 9.8 Cr (QoQ)

Colgate Q4

Net Profit At Rs.146 Cr Vs CNBC-TV18 Poll Of Rs.171 Cr

Total Income +6.8% At Rs.1,099 Cr Vs Rs.1,028 Cr (YoY)

Volume Growth Including Exports At 6%

Domestic Volume Growth At 4%

Market Update

Sgx Nifty -15 pts
‎Dow -8.01 pts ,Nsdq -3.78 pts , S&P -4.28 pts ‎, Bovespa -392 pts , Ftse -19 pts , Dax -73 pts  , Cac -28 pts  , Nikkei  -107 pts, now, Crude @ $48.08 brl (0.00), Brent @ $48.38 brl (-0.34) , Gold @ $1249.90 (-1.60), Silver @ $16.40 (-0.02), Euro @ $1.1213, JPY @ $109.3600, INR @ $67.4950



Today's Corporate Action
24th May Ex Date


ELANTAS
Dividend - Rs. - 5.0000



Today's Key Results
24th May


Tech M ( Cog Cons Est Net 743 Cr + 57% Yoy Time - After Mkt) 
Cipla ( Cog Cons Est Net 368 Cr + 42% Yoy Time - After Mkt) 

Amara Raja ( Cog Est Net 133 Cr +31% Yoy)

Business Standard

Ø  Economic ties with Afghanistan, Iran our priority: PM

Ø  RBI to penalise banks for misselling insurance products

Ø  'India provides huge investment opportunities'

Ø  'Oil discoveries sink to lowest since 1952'

Ø  Spectrum cost very high in India: SSTL CEO

Ø  RBI looks to check customer liability in banking frauds

Ø  RBI governor should be insulated from politics: Kotak



Ø  EPFO might invest more in equity markets

Ø  India, Iran, Afghanistan sign Chabahar port agreement

Ø  RBI unhappy over payments banks licence surrender

Ø  2,000cc diesel vehicle sales ban spreads to Kerala

Ø  Tata Power Q4 net doubles to Rs 360 cr

Ø  Bayer announces $62 billion cash offer for Monsanto

Ø  Buyout group to back rival's bid for Tata's UK steel assets: Sources

Business Line

Ø  Rupee slips 5 paise to 67.49/$

Ø  Low commodity prices, poor offtake depress farm exports 

Ø  UK-based Red Ribbon receives FATCA approval 

Ø  Cipla gets India approval to sell its version of HIV prevention drug  

Ø  Publishing houses eligible to claim additional depreciation: CBDT 

Ø  Infosys bags 5-year deal from Commerzbank

Mint

Ø  Axis Bank to raise $500 million through green bonds

Ø  RBI to infuse Rs15,000 crore liquidity through OMO this week

Ø  NCDEX hires MM Chitale for forensic audit to look into castor seed trading

Ø  Amazon India reworks return policy for electronic goods

Ø  VRL Logistics promoters plan to start regional airline

Ø  UBHL seeks a month’s time to file results due to Vijay Mallya cases

Financial Express               

Ø  Sensex ends 72 points down in volatile trade, Nifty settles at 7,731; Britannia falls 8%

Ø  Jan Dhan accounts more vulnerable to frauds: RBI

Ø  Investor sentiment improving, catalysts needed for fresh flows, says Citigroup

Ø  Govt withdraws notification on Bt cotton, to seek public views

Ø  Mallya PMLA case: ED to invoke India-UK MLAT for extradition



Financial Chronicle

Ø  Oil prices dip after Iran says it won’t freeze output

Ø  Seven Maruti models in top 10 best selling PVs in April

Ø  Hit by strike, GSK Consumer suspends ops in Punjab

VIEW ON NIFTY BANK @ 09:00

Nifty bank ( 16407)

Nifty bank has broke its support of 16400 yesterday.

Today if maintains below 16350 it can show 16184/15800 in coming days.

If holds 16400 can rise upto 16500/16720.

NIFTY VIEW @ 08:58

Nifty 50 (7731)

Nifty is showing selling signals today if maintains below 7720 it can show 7680 and 7580 very soon.

If maintains above 7730 can bounce upto 7800 /7900.

                                                                                            WEEKLY REPORT                                                  DATE: 23/05/2016

FUNDAMENTAL VIEW:

·         Market trend for the week ahead will depend upon FPIs Flow, Global events, Greenback & Crude Movement.

·         The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month May series to June series due on Thursday.

·         Investors will closely track the next batch of Q4 results. BPCL, HPCL, IOC,  Tata Power, Cipla, Tech Mahindra, Bajaj Auto, GAIL (India), Tata Steel, L&T, BHEL, SBI and Coal India among others will announce Q4 results this week.

Q4 NUMBERS:                                                          

·         MONDAY: BPCL, DISH TV, TATA POWER.

·         TUESDAY: TECH MAHINDRA, CIPLA, COLGATE, AMARA RAJA BATTERY.

·         WEDNESDAY: L&T, TATA STEEL, ASHOK LEYLAND, BAJAJ AUTO, BOSCH, APOLLO HOSPITAL, ENGINEERS IND, GAIL, GODREJ IND.

·         THURSDAY: ONGC, UNION BANK, UNITED SPIRITS, JET AIRWAYS, TATA CHEMICAL, Titagarh Wagons.

·         FRIDAY: SBI, BEML, BEL, BHEL, CAN BANK, CROMPTON GREAVES, HPCL, IOC.

·         SATURDAY: COAL INDIA, DIVIS LABS, HINDALCO, IFCI, JUBILANT FOOD, NHPC.

GLOBAL EVENTS:

·         Monday: Euro zone Market services, manufacturing and composite PMIs (May, preliminary).

·         Tuesday: German GDP (First Quarter), German ZEW economic sentiment survey (May).

·         Wednesday: Bank of Canada interest rate decision and statement.

·         Thursday: UK GDP (First quarter, preliminary), US durable goods orders (April), US Market services and composite PMI (May, preliminary).

·         Friday: Japan national consumer price index (April), Japan national consumer price index (April)           

TECHNICAL VIEW:

Nifty 50 (7749)

·         Nifty had touched its strong support zone of 7740 on Friday.

·         This week if maintains below 7730..7740 zone on closing basis it enters into a new selling zone and can show 7600.. 7539 soon.

·         If holds it support it can again rise to 7900-7946.