Economic Times

·         Surgical operation sanctioned soon after Uri terror attack

·         GST Council to meet tomorrow to discuss rules, exemptions

·         Can Airtel adjust Rs 3000cr against licence fees, HC asks Government

·         COAI DG rules out overhaul of voting rules, apology to RJio

·         Government invites applications for Reserve Bank of India deputy governor

·         Tata Steel says making progress on extra land for Indian plant

·         US jobless claims rise less than expected

·         Rs 20,000-cr plan to ease pressure on Mumbai suburban train system

·         Surgical strikes: India is said to have kept America in the loop

·         Government mulls new licensing policy for tobacco items

·         Flipkart seeks to be numero uno in India's ecomm war

·         Tata Steel sees crude steel output up by 1 MT this fiscal year

·         By 2018, Kolkata Metro Railway network to increase by 14 km: General Manager

·         Auto firms seek GST relief for e-vehicles



Business Line

·         Kalyani Steels bears the brunt of iron ore cost escalation

·         DLF eyes multiple partners for stake sale in rental arm

·         Mercedes-Benz launches locally made GLC SUV at ₹47.9 lakh

·         Energy PSUs seek savings via jointprocurement of goods and services

·         Pierre Cardin pens now on paper with Flair

·         Daihatsu, Toyota months away from decision to launch small car for India

·         Output at TNPL’s packaging board plant stabilises

·         UFO Moviez’s theatre arm to start operations next month

·         Credit Suisse underweight on India

·         Non-retail investors lap up Hindustan Copper share sale

·         ‘Fed rate-hike likely in December, but need clarity on trajectory for 2017’

·         MCFL investors reject transaction with Zuari Agro

·         Globus to make a comeback with refurbished products

·         Greenko set to snap up SunEdison India assets with TerraFarm nod for the deal

·         Mercedes-Benz launches locally made GLC SUV at ₹47.9 lakh13 hr. 52 min. ago

·         Apollo Hospitals, Italy’s KOS form jt venture for medical rehabilitation



Mint

·         Largest spectrum auction to kick off on 1 October amid telecom battle

·         Large appliances the next growth driver for online retail sales

·         Avenue Capital may buy FIRE Capital stake

·         Religare Finvest plans to raise Rs650 crore through rights issue

·         Varun Beverages eyes up to Rs1,400 crore from IPO in October

·         IndiGo adds new A320neos to fleet in market share push

·         Vijay Mallya confident of judicial relief in pending cases

·         Amazon India signs up abof as seller on marketplace

·         OmiActive Health Technologies eyes stake in fragrance maker Indfrag

MARKET UPDATE

SGX Nifty -63 (8581) from last trade 8644 , 


Nikkei -258 pts , Hangseng -304 pts , NOW @6.52am , 


Dow:18143       -195.        -1.07%
Nasdaq:5269     -49.         -0.93%
S&P500:2151    -20.         -0.93% 


Infy: -0.13%,             Wit: -0.00%
Ttm: -3.13%,           Rdy:  -3.45%
Hdb: -1.43%,            Ibn:  -5.84% 
SBID: -2.91%,         RIGD: -2.91% 


Us/Inr: $66.75,           Eu/Us:1.12
DIX: 95.56,                 JPY: 101.20
Gold:$1325,          Silver: $19.14
Oil: $47.78,           Brent: $49.24
US10-YR : 1.55%   -0.006

NIFTY VIEW:

Nifty has been very volatile these days with gap up and gap down closing. 

8700 ..8600 can act as very good support and 8860..8900 is acting as stiff resistance.

Today being expiry day nifty can show volatile move. 

Yesterday after it had hold the support of 8700 it gave a positive close.

Today above 8760..8780 can catch the uptrend move.

Economic Times

Business Standard

Ø  COAI's 'back door' remark contempt of court: Jio

Ø  Alternatives to bank credit de-link GDP: RBI Dy Gov

Ø  Sebi allows options trading on commodity exchanges 

Ø  Securitisation volumes set to rise this year: Crisil

Ø  Cabinet decides to ratify Paris agreement

Ø  NSE extends concessional transaction fee in equity derivatives



Ø  Wal-Mart in talks to invest $1 billion in Flipkart: Report

Ø  Anheuser-Busch to pay US SEC $6 mn to settle India bribery charges

Ø  Sebi tightens warehousing norms for commexes

Ø  17 sick PSUs set to be closed down

Ø  M&M to buy European 2-wheeler subsidiary

Business Line

Ø  ICICI Pru Life to debut in stock market on Sept 29

Ø  Jim Yong Kim re-appointed as World Bank President for 2nd five-year term

Ø  Cipla to focus more on US; next-gen steps up

Ø  RCX to approach SEBI seeking easier norms for regional comexes

Ø  Cabinet approves ratification of climate change deal 

Ø  ‘Banks may have to increase provisioning for bad loans’ 

Mint

Ø  Sebi nudges mutual fund industry to advertise direct plans

Ø  Federal Reserve may change stress tests, capital buffers for US banks: Janet Yellen

Ø  Liberty bids nearly £100 million for two Tata Steel UK units: report

Ø  Govt to sell 7% stake in Hindustan Copper today

Ø  Reliance Jio preferred as secondary SIM, finds mobile user survey

Financial Express               

Ø  Sensex snaps 3-day losing streak, ends 69 points up

Ø  Srei Infrastructure Finance raises Rs 350 crore via NCDs

Ø  India remains a promising market for IPOs: EY

Ø  Anand Mahindra warns of 'demographic disaster' sans jobs

Ø  IMF chief sees lower US growth, calls trade barriers 'malpractice'



Financial Chronicle

Ø  Tax drive offers no absolution, to yield little cash for govt

Ø  Govt nod for Rs 2,256 cr project for GST integration

Ø  Cabinet clears IOC-OIL-BPCL's Russian stake buy

Ø  RBS to pay $1.1b to resolve its US mortgage claims

Ø  Reliance Cap hints at listing of more subsidiaries

Ø  ONGC board divided on shah panel suggestions

MORNING UPDATE

SGX Nifty +50 pts (8809) from last trade 8759 , 


Nikkei +229 pts , Hangseng +209 pts , NOW @6.53am , 


Dow:18339       +110      +0.61%
Nasdaq:5318      +12      +0.24%
S&P500:2171     +11      +0.53% 


Infy: -0.13%,             Wit: -0.51%
Ttm:+1.53%,           Rdy:+0.13%
Hdb: -1.15%,           Ibn: +0.77% 
SBID:+1.61%,        RIGD: -1.06% 


Us/Inr: $66.35,           Eu/Us:1.12
DIX: 95.39,                 JPY: 100.94
Gold:$1326,          Silver: $19.30
Oil: $47.27,           Brent: $48.91
US10-YR : 1.584%   +0.017

Business Standard

Ø  Reliance to double capacity of thermal plants
Ø  QIPs all set to make a Rs 12,000-crore comeback
Ø  Niti Aayog plans to turn nation into 'blue economy'
Ø  Coal India to e-auction 20 million tonnes of coal for all
Ø  Sebi chief calls for common BRICS bond market
Ø  Ambani, ONGC face 18% cut in natural gas price
Ø  Reliance Jio call drops due to its under-preparedness: Airtel 

Ø  Spectrum fees leave no money in shareholders' pockets
Ø  India jumps 16 spots on Competitiveness Index
Ø  Global trade growth to be just 1.7% in 2016: WTO
Ø  Sebi, finmin chalk roadmap for commodity market
Ø  Coal India's share buyback to commence on October 3
Ø  Maha Cabinet clears two Metro corridors worth Rs 25,525 cr
Ø  Reliance Life, General Insurance listing in pipeline
Business Line
Ø  TRAI calls meet as incumbents allege norm violation by RJio
Ø  MCX hikes transaction charges, waives off membership fee
Ø  HUDCO raises Rs. 1,300 cr via private placement of bonds 
Ø   SEBI to consult stakeholders on algo rules: Chairman
Ø  NSEL-FTIL merger: Next hearing on Nov 24
Ø  Cochin Port attracts new business through coastal shipping 
Mint
Ø  Moody's upgrades Tata Motors' rating on continued strong performance
Ø  Reliance Com sees debt falling three-quarters in a year
Ø  Sebi nudges mutual fund industry to advertise direct plans
Ø  High stakes for India’s $84 billion airwave auction after Vodafone’s cash infusion
Financial Express               
Ø  Sensex slips for 3rd day in a row, ends 71 pts down at 28,223.70
Ø  GS cuts Q4 crude oil price forecast by $7 on supply glut
Ø  744 NGOs under scanner for FCRA violations
Ø  Reliance Defence aims to export naval, military equipment
Ø  Delta plans regional-jet purchase for up to $2.3 billion: Report
Ø  1.6 cr calls still failing everyday between Airtel and us: Rel Jio

Financial Chronicle
Ø  ‘Anmol effect’ has brought good luck to R-Cap shares
Ø  Microsoft using AI to empower people, transform world
Ø  MFs hold back cash as equity market sees correction
Ø  RPower to double capacity; plans 400mw solar unit
Ø  ELSS, mid&small-cap funds outperform indices
Ø  3 associate banks okay SBI amalgamation scheme

MARKET UPDATE

SGX NIFTY -18 pts (8711) from last trade 8729 , 

NIKKEI -245 pts , HANGS ENG -116 pts , 

DOW :18228  +133        +0.74%

NASDAQ : 5305  +48      +0.92%

S&P500: 2159  +13    +0.64% 

INFY:+0.25%,     WIT :+0.82%

TTM:+0.25%,       RDY:+1.08%

HDB:+0.65%,     LBN: +0.00% 

SBID: -1.06%,     RIGD: -0.30% 

US/IN : $ 66.49,    EU/US :1.12

DIX: 95.49,        JPY: 100.48

GOLD : $ 1329,    SILVER :  $19.21

OIL: $ 44.94,    BRENT: $ 46.31

NIFTY VIEW:

Nifty 50 made a gap down yesterday.

Today it is around support zone 8700 ..8626.

Being expiry week it can be volatile and break levels, closing is important. 

If it fills the gap above of 8820..8830 uptrend can resume. 

Break through 8700 ..8626..8500 can be on the way

MARKET UPDATE

SGX Nifty -33 pts (8700) from last trade 8733 , 


Nikkei -171 pts , Hangseng +38 pts , NOW @6.53am , 


Dow:18094        -166        -0.91%
Nasdaq:5257      -48         -0.91%
S&P500:2146      -18        -0.86% 



Infy:  -0.56%,            Wit: -0.20%
Ttm: -2.80%,            Rdy: -1.21%
Hdb:+0.12%,            Ibn: -2.01% 
SBID: -0.53%,        RIGD:+0.76% 


Us/Inr: $66.62,           Eu/Us:1.12
DIX: 95.33,                 JPY: 100.14
Gold:$1341,          Silver: $19.51
Oil: $45.70,           Brent: $47.35
US10-YR : 1.582%   -0.007

Economic Times

Business Standard

Ø  China slowdown biggest threat to global economy: Ken Rogoff

Ø  Tax dept unveils draft rules for registration under GST

Ø  Trai to issue notice to warring telcos over call drops

Ø  Government plans 3 more sub-funds under NIIF

Ø  ndia likely to import 2 MT wheat to boost supplies

Ø  China must worry about jobs as firms move production



Ø  India's petrol consumption to grow 6% next FY

Ø  Trade unions to boycott BRICS Labour Ministers meet today

Ø  Govt clears 11 FDI proposals worth Rs 2,325 crore

Ø  Sebi increases checks and balances for brokers

Ø Competition Commission clears CDC Group's stake buy in IIFL

Ø  Rain Industries opens waste heat recovery based power plant

Business Line

Ø   Bank of India: eyes on stake-sale in insurance arm

Ø  Singapore Exchange aims to host global Masala bonds

Ø  Pfizer concludes Rs. 110cr deal with Piramal Enterprises 

Ø  NTPC to raise $500-700 mn via masala bonds

Ø  Marksans Pharma gets nod US FDA nod for Loratadine capsules 

Mint

Ø  LIC-sponsored fund seeks relaxed norms

Ø  Bosch share buyback offer to begin on 6 October

Ø  Paytm buys edutech start-up Edukart

Ø  Essar Steel’s lenders are left with just two options

Ø  Sun Pharma sales staff on strike over pending wages

Financial Express               

Ø  Vijay Mallya row: DRT to pass interim order in Indigo, GoAir case

Ø  HCL to seek Centre's nod for Rs 2,200 crore concentrate project

Ø  Vodafone rolls out free 4G data plan to counter Jio impact

Ø  Trademark application filings up 13 per cent in April-June qtr



Financial Chronicle

Ø  Associate banks to soon submit report on amalgamation to RBI

Ø  Momentum losing steam in domestic exchange

Ø  Sensex slips 374 pts as US prez debate looms

Ø  Private capex revival likely to impact CAD

Ø  Global mkts to turn cautious after Fed meet

NIFTY VIEW:

Nifty 50 (8831)

Nifty last week gave a gap up but traded below 8900 and has filled the gap.

It is showing it can slide down to 8760 ..8680 on break of 8820 ..8800.

To catch its uptrend it has to trade above 8900.

Economic Times

Business Standard
Ø  RBI Guv Urjit Patel downplays inflation risk, harps on growth 
Ø  COAI voting norms skewed in favour of Airtel, Voda & Idea: Jio 
Ø  Never received any money from NSEL's profit: FTIL
Ø  India's foreign exchange reserves at $369 billion
Ø  FinMin may talk to EC before finalising Budget date
Ø  Vigilance clearance awaited for new MPC members
Ø  GDP growth to top 8 pc on rains, reforms: Panagariya

Ø  Govt draws up blueprint to deal with sick PSUs
Ø  NITI for 10-yr corporation tax holiday for proposed CEZs
Ø  Farmers demand 25% hike in UP sugarcane price
Ø  ICICI Bank eyes 5 million transactions via voice-recognition
Ø  BSE may launch IPO by fourth quarter of this financial year
Ø  ONGC Board approves pact to take stake in GSPC gas block
Ø  Exim Bank to raise up to $1.5 bn via bonds this fiscal
Business Line
Ø  PE investment falls for 3rd month; August deal tally at $1bn
Ø  63 Moons refutes MCA allegations on shareholder objection
Ø  Cotton assn voices concern over lower crop estimate in 16-17 
Ø   Deutsche Boerse to set IT infra for BSE International Exchange
Ø  Uber, Ola services for government officers at special rate
Ø  Vedanta Sesa Goa eyes synergistic integration of biz 
Mint
Ø  Congress CMs to press for 18% GST cap
Ø  SC gives one more week to Subrata Roy to surrender
Ø  Sebi tightens norms for private equity deals in listed firms
Ø  Reliance Jio, Idea ramp up claims over interconnection points
Ø  Gross sales at domestic e-commerce firms in October could hit $1.8 billion
Financial Express               
Ø  Sebi to beef up cyber security framework for markets
Ø  'Substantial rise in CSR spending compared to previous year'
Ø  Snapchat debuts recording 'Spectacles,' changes company name
Ø  BPCL may look at increasing Kochi refinery capacity to 22 MT
Ø  'Domestic paper industry needs Rs 90k crore investment by 2030'

Financial Chronicle
Ø  India to tap BRICS to meet pulses shortfall
Ø  Life insurers want exemption from new tax regime
Ø  MSP hike may induce farmers to expand cultivation area
Ø  Domestic demand, consumption may spur private capex
Ø  Amtek under I-T lens for alleged price manipulation
Ø  FPIs get direct access to corp bond market
(Click on link to view article)

CALL OF 22/09/2016 THURSDAY

@ 09:51

Buy Cipla ltp 608 

sl 602 

trgt 620

TRGT MET

CALL OF 22/09/2016 THURSDAY

@ 09:48

Buy Arvind ltp 337 

sl 333 

trgt 342 ...348

MADE A HIGH OF 349.50

ALL TRGT MET

NIFTY BANK VIEW:

Nifty bank( 20109 )

Nifty bank too like nifty has given a close with a neutral doji if maintains above 20100..20160 zone can rise up 20240...20420.

With the support of 20000..19900

Below 19900 can slide to 19700

NIFTY VIEW :

Nifty 50 (8867)

Nifty yesterday showed a gap up opening and closed above 8860  with a neutral doji but maintained the gap.

Today if maintains above 8860..8880 zone as mentioned before it can show good move today and show 8894..8930.8968...9008 

If maintains below 8860 it can slide to fill the gap of yesterday can show 8780

Business Standard

Ø  India Inc's external borrowing jumps 4-fold to $3.17 billion

Ø  Current account deficit likely to be at 0.4% in FY'17'

Ø  'Govt mulls generating power from tidal waves'

Ø  Modi unhappy with Moody's rating of reform plan 

Ø  SC to hear plea to destroy 550 tonnes of Maggi

Ø  India ranked 143 among 188 nations in health

Ø  Govt working to eliminate coal import: Piyush Goyal

Ø  Sebi may allow FPIs to directly trade in capital markets

Ø  Government plans to create patent sharing regime

Ø  NDA rule fails to reverse slide in filing of investment proposals

Ø  BHEL commissions 15,059 Mw capacity in FY16

Ø  L&T bags $100 million order from Vietnam Border Guard

Business Line

Ø  India poised to become biotech hub: Israel’s Yigal Erlich

Ø  Overall value of top 50 brands has dipped 2% this year: report 

Ø  FinMin to raise Rs.820 cr from fifth tranche of gold bonds 

Ø  Aurobindo gets tentative USFDA nod for HIV drug

Ø  SEBI renews Metropolitan Stock Exchange licence till 2017

Mint

Ø  India seeks loan from US for nuclear reactors, snags remain

Ø  Wall St rally continues after Fed defers rate hike

Ø  Vodafone responds to Reliance Jio with $7 billion push

Ø  Edelweiss Group to acquire Ambit Alpha Fund

Ø  IOC eyes entire GSPC stake in Mundra LNG terminal

Financial Express               

Ø  RBI shifts issue date of SGB to September 30 amid solid response

Ø  PE investment in retail realty jumps 13-fold to Rs3350cr in H1

Ø  Nasdaq hits record high after Fed leaves rates unchanged

Ø  USTR says WTO finds $22 bln in illegal Airbus subsidies

Ø  RSS body opposes government's stake sale in L&T, ITC

Ø   

Financial Chronicle

Ø  UK central bank warns of financial risks after Brexit

Ø  Mukesh Ambani India’s richest for 9th year

Ø  Adani solar plant is world's largest

Ø  Wipro to acquire Zhonghsan Ma Er Daily Products

Ø  Hiring activity sees 10% rise in Aug: Report

MARKET UPDATE

Dow:18392       +98        +0.54%
Nasdaq:5339    +44        +0.84%
S&P500:2177   +14        +0.65% 
VIX :12.02        -1.28         -9.62%
Nikkei: 16745.   -62          -0.37%
Infy:+0.74%,             Wit:+0.31%
Ttm:+0.53%,            Rdy:+1.84%
Hdb:  -0.51%,            Ibn:+1.11% 
SBID:+3.62%,        RIGD:+2.60%
Us/Inr: $66.63,          Eu/Us:1.12
DIX: 95.42,                JPY: 100.86
Gold:$1340,         Silver: $19.96
Oil: $45,97,          Brent: $47.38
US10-YR : 1.627%   -0.005
SGX Nifty: 8916.00   +37.00⁠⁠⁠⁠

NIFTY BANK VIEW:

Nifty Bank (19828)

Nifty bank yesterday did not break 19720 made a low of 19749

Today it might break the range.

Today being weekly expiry of nifty bank it can be volatile. 

Above 20000 it can catch its uptrend

Levels are same as before

It has support around 19820..19720 zone if holds here can resume back but if breaks these then can show 19400..19500.

NIFTY VIEW:

Nifty 50 (8777)

Nifty yesterday did not break 8750 and gave closing above 8770.

Today as sgx nifty is trading near 8883 it can show gap up opening.

If maintains the  gap and close above 8860..8880 zone, 
It can catch uptrend and head towards  9000.. 9100.

If fails to give closing above 8860..8880 zone, 
It can slide down to 8750..8700,

and the multiple support zone are 8600..8700.

Economic Times

Business Standard

Ø  US Federal Reserve keeps key rate unchanged 

Ø  CAD narrows to $300mn in Q1 on import contraction

Ø  Pricing of 700 MHz spectrum band expensive: Mittal

Ø  India, China may escape worst of global environment: UNCTAD

Ø  Sebi asks NSE to take stock of possible wrongdoing

Ø  Rel Defence in talks to sell vessels to Coast Guard

Ø  IOC, GAIL to take 49% stake in Adani Group's project



Ø  OECD sees globalisation brake on growth

Ø  Cabinet clears conversion of R&C loan into equity

Ø  Govt irked by Moody's statement on ratings upgrade

Ø  Sebi to auction Sahara group's 13 more land parcels

Ø  Cabinet approves closing down Hindustan Diamonds

Ø  ICICI Prudential IPO oversubscribed 10 times

Ø  Nestle seeks SC nod to destroy 550 tonnes of Maggi Noodles

Business Line

Ø  Cabinet approves Rs. 1,250 cr subsidy to BSNL

Ø  Govt extends stock limits on pulses, edible oils by one year

Ø  YES Bank invokes ₹156-crore pledged United Breweries shares

Ø  Seafood industry has a rosy future, says MPEDA chief

Ø  Steel demand likely to grow 5.3% this fiscal

Ø  Essel Propack buys out partner’s stake in JV firm 

Mint

Ø  Rupee closes little changed against US dollar

Ø  Adani unveils world’s largest solar plant in Tamil Nadu

Ø  Govt set to fund eastern gas pipeline project

Ø  Suzlon plans to raise $3 billion for Australian wind farms by 2020

Ø  Cabinet approves purchase of 36 Rafale fighter jets: report

Ø  Private equity upbeat on retail commercial space in India

Financial Express               

Ø  Markets in wait and watch mode ahead of US Fed outcome

Ø  Marine exports likely to rise 20% to $5.6 billion in 2016-17: Govt

Ø  NTPC gets shareholders' nod to raise up to Rs15k cr via bonds

Ø  Tata Communications tests UHD broadcast at Singapore F1 race

Ø  SAIL eyes sales of 14.52 MT in FY'17; production of 17.16 MT



Financial Chronicle

Ø  Cabinet approves merging of Rail budget with Union Budget

Ø  Stockholding cap on pulses, edible oils extended

Ø  BOJ rate surprise lifts world stocks ahead of Fed

Ø  Federal Reserve expected to keep rates unchanged

Ø  CIL gears up for double-digit production growth

Ø  Aurobindo Pharma, Cadila recall drugs from US market

MARKET UPDATE

SGX Nifty +54 (8861) from last trade 8807 , 


Nikkei clsd , Hangseng +250 pts , NOW @6.53am , 


Dow:18293     +163        +0.90%
Nasdaq:5295    +53        +1.03%
S&P500:2163   +23        +1.09% 


Infy:+0.50%,             Wit: -0.10%
Ttm:+1.27%,           Rdy:  -0.87%
Hdb:+1.92%,            Ibn:+0.87% 
SBID: -0.29%,       RIGD:  -1.19% 


Us/Inr: $66.81 ,          Eu/Us:1.11
DIX: 95.42,                JPY: 100.13
Gold:$1338,         Silver: $19.93
Oil: $45,57,          Brent: $47.05
US10-YR : 1.655%   -0.0013

CALL OF 20/09/2016 TUESDAY

@ 01:51

Buy Apollo Tyre ltp 218 

sl 216 

trgt 224

SL HIT

CALL OF 21/09/2016 WEDNESDAY

@ 09:23

Buy Reliance capital around 562 

sl 557.80 

trgt 569

TRGT HIT

CALL OF 16/09/2016 FRIDAY

@ 09:56

Buy Siemens ltp 1266 

sl 1246 

trgt 1282/1296

SL HIT

NIFTY VIEW:

Nifty 50 (8775)

Nifty is stuck in a range of 8700..8850 zone.

Today if trades below 8750 can show 8700.

If holds 8770 can rise up 8840 zone.

NIFTY BANK VIEW:

Nifty bank (19852)

Nifty bank is not able to maintain above 20000 

It has support around 19820..19720 zone.

If holds here can resume back but if breaks these then can show 19400..19500.

MARKET UPDATE

Dow:18129   +9      +0.02%

Nasdaq:5241  +6    +0.05%

S&P500:2139   +1    +0.10% 

VIX :15.92  +0.39    +2.51%

Nikkei:16433. -59    -0.36%

Infy:  -0.50%,   Wit: -0.51%

Ttm:  -1.30%,  Rdy:+0.45%  

Hdb:+0.38%,  Ibn:+0.50% 

SBID: -0.66%, RIGD: -0.47%

US/INR: $66.97, EU/US:1.11

DIX: 95.98,     JPY: 101.68

GOLD:$1318, SILVER: $19.25

OIL: $44.85,  BRENT: $46.47

US10-YR :   1.694%   +0.007

SGX NIFTY : 8801.00   -1.50

Business Standard

Ø  Moody's ties India rating upgrade to tangible reforms

Ø  'Fed unlikely to hike interest rate this week'

Ø  Reliance Infrastructure files papers with Sebi for InviT

Ø  Cipla, Wockhardt in global alliance to fight resistance

Ø  Sebi pulls up Religare Securities for breach of broker norms

Ø  Sunil Mittal says Airtel well prepared for Rel Jio 



Ø  Cabinet to consider Budget presentation on Feb 1

Ø  Govt reviews impact of trade pacts on economy, employment

Ø  IOC, GAIL to sign pact to take 49% stake in Adani project

Ø  India sees more scope for farm sector tie-ups with Israel

Ø  Sebi allows comexes to modify futures contract specifications

Ø  Goldman Sachs to raise stake in Den Networks for Rs 142 crore

Business Line

Ø  Foreign investors raise tax concerns with FinMin

Ø  CBI conducts raids at National Spot Exchange, FTIL premises

Ø  BP Plc sells 8.53% stake in Castrol India; holds 51%

Ø   SBBJ shareholders demand better share swap ratio from SBI

Ø  Pfizer-Piramal deal gets CCI nod

Ø  L&T bags orders worth Rs. 1,726 cr 

Mint

Ø  ICICI Prudential Life IPO subscribed 52% on Day 2

Ø  Rupee trades marginally lower at 67.01 against US dollar

Ø  Accenture breaks blockchain taboo with editing system

Ø  Bayer makes offer for Monsanto India stake

Ø  LeSEE raises $1.08 billion in first round of funding

Ø  ONGC Videsh slapped with service tax demand of Rs6,100 crore

Financial Express               

Ø  Sensex snaps 4-day gaining streak, ends 111 points down, Nifty settles below 8,800

Ø  Buffett investing deputy Combs joins JPMorgan board

Ø  MSME proposals should be viable enough to attract bank funding

Ø  Capital First to raise Rs 100 crore via private placement

Ø  Govt okays Rs 2,600-cr highway projects



Financial Chronicle

Ø  Reforms to boost growth, investor confidence: Moody’s

Ø  India set to buy Iran oil for emergency reserves

Ø  India's MF:GDP ratio among world's lowest: Report

Ø  Finmin to look into tax issues, suggestions of FPIs: Das

Ø  Disclose absolute commission of MF distributors: Sebi

Ø  NTPC bullish on power demand, to add 24 gw

NIFTY BANK

Nifty bank too below 19700 can slide down 19200..19400.

Above 20010 can show upward move

NIFTY VIEW:

Nifty and bank nifty are in the same range of yesterday.

But yesterday it made a spinning top candle so if trades above 8730...8750 can show good momentum.

If maintains below 8770..8750 can slide to 8640..8650 zone.

Economic Times

Business Standard

Ø  China's Dalian Wanda seeks red carpet for $10 bn plans in India

Ø  GST: Clarification likely on Centre's power to levy excise

Ø  Telcos deposit Rs 14,653 crore for spectrum auction

Ø  Airtel, Vodafone, Jio submit call traffic details to Trai

Ø  NPAs to dip on high industrial capacity utilisation: SBI

Ø  'India's prospects over next 20-30 years look good'

Ø  Government invites application for new Sebi chairman



Ø  Banks want promoters' guarantee for new loans

Ø  Sebi board meeting could spell bonanza for FPIs

Ø  ICICI Pru Life IPO subscribed 16% on first day

Ø  Asset quality cycle is bottoming for Indian banks: Moody's

Ø  Sufficient fertiliser, seeds to meet rabi demand: Govt

Ø  CCI approves sale of Jaiprakash's Bina unit to JSW

Ø  Glenmark announces tie up for anti cancer drug

Business Line

Ø  Investment activity in India likely to revive in mid-term: D&B 

Ø  NTPC, EESL sign pact for energy efficient lighting solutions

Ø  MF exposure to bank stocks hits record high of over Rs. 1.05 lakh crore 

Ø  Karur Vysya Bank board announces stock split 

Ø  Monsoon withdrawal stalled as rains lash Central , West India 

Ø  Dr Reddy’s launches generic injection for kidney disease 

Mint

Ø  Heritage Foods in talks with Future Group for stake sale

Ø  FTIL moves court against ‘possible’ attachment of assets by ED

Ø  Govt plans eight mini labs at ports, airports to monitor drug quality

Ø  Dentsu Aegis acquires PR firm Perfect Relations

Ø  Indiabulls Housing Finance raises Rs1,330 crore via masala bonds

Financial Express               

Ø  China facing possible debt crisis: BIS, bank watchdog

Ø  Government taking steps to boost MSMEs: Nirmala Sitharaman

Ø  Limited progress by Renault Kwid in crash test: Global NCAP

Ø  No legal infirmity in GST notifications, says Hasmukh Adhia

Ø  Idea to launch its own TV, Chat, video service by FY'18



Financial Chronicle

Ø  Finmin to pitch for ratings upgrade with Moody's

Ø  India to clock 8% growth over next few years: S&P

Ø  Oil climbs as Venezuela sees output deal, Libya suffers

Ø  ‘Indian banking outlook stable, NPA formation slow’

Ø  Bank credit to small MFIs comes down to 15% in Q1

Ø  Base metals move divergently on strong fundamentals

MARKET UPDATE

Dow:18120         -3           -0.02%
Nasdaq:5235      -9           -0.18%
S&P500:2139     -0           -0.00% 
VIX :15.53        +0.16     +1.04%
Nikkei:16429     -89         -0.54%
Infy:+0.37%,            Wit:+1.86%
Ttm:+0.51%,           Rdy:+0.51%
Hdb:+0.75%,           Ibn:+1.65% 
SBID:+1.42%,       RIGD:+1.74%
Us/Inr: $66.93,          Eu/Us:1.11
DIX: 95.85,                JPY: 101.90
Gold:$1317,         Silver: $19.28
Oil: $43.22,          Brent: $45.90
US10-YR : 1.707%   +0.009
SGX Nifty: 8800.00   -24.50

A see-saw session on Wall Street on Monday ended little changed, with gains in big bank stocks offsetting a drag from Apple, as investors braced for the Federal Reserve meeting later this week.

The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday to see if the central bank plans to hike as soon as December.

After trading solidly higher during the morning, the benchmark S&P 500 pulled back and slid briefly into negative territory. The index has tallied four daily moves of at least 1 percent in the past couple of weeks after two months of calm.

"The market has been all over the place. It’s been driven by the threat of higher interest rates," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa. "Most people feel the most unloved bull market in recent memory will be cut off at the knees by higher interest rates, and the Fed is certainly threatening that in the near term."

The Dow Jones industrial average .DJI fell 3.63 points, or 0.02 percent, to 18,120.17, the S&P 500 .SPX lost 0.04 points, to 2,139.12 and the Nasdaq Composite .IXIC dropped 9.54 points, or 0.18 percent, to 5,235.03.

Traders are betting that there is only a 12-percent chance the Fed will raise interest rates this week, but see a 55-percent chance the central bank will do so in December, according to the CME's FedWatch website.

Investors also are eyeing the Bank of Japan's policy meeting on Tuesday and Wednesday, while the first debate of the U.S. presidential election is set for next Monday.