NIFTY BANK VIEW

Nifty Bank (20613)

Nifty bank has slide down from its all time high of 21000 zone and made a low of 20584.

It has a gap of 20295-20449, If it  fills this gap it can slide down to 20088.

Nifty bank has a bounce back support @ 20570..20580 zone if it bounces from here it can catch uptrend.

NIFTY 50 VIEW

Nifty 50 (8896)

Nifty has cool down from its all time high zone with a closing below 8868 from last three trading days.

Now nifty has support zone at 8870..8854 zone if bounces from here it can resume uptrend.

If fails to hold here it can slide to 8800.

Market Update

Sgx Nifty -5 pts
‎Dow +15.68 pts ,Nsdq +16.59 pts , S&P +2.39 pts , Bovespa Clsd , Ftse +9 pts , Dax+18 pts  , Cac -0.06 pts , Nikkei  +115 pts now , Crude @ $54.07 brl (+0.04), Brent @ $56.45 brl (+0.03) , Gold @ 1254.05 (+0.60), Silver @ $18.33 (+0.02), Euro @ $1.0584, JPY @ $112.7500, INR @ $66.703


Today's Corporate Action
28th Feb  Ex Date


BPCL
Interim Dividend - Rs. - 19.5000


Today's Data Alert


Feb 28: Finance Minister Jaitley to meet his UK counterpart and the Chancellor of Exchequer. To attend a meeting organised by the Confederation of British Industry.

Feb 28: Economic Affairs Secretary Shaktikanta Das at release of
Organisation for Economic Co-operation and Development's economic survey of
India. 1100 IST, New Delhi.

Feb 28: Rail Minster Prabhu, NITI Aayog CEO Kant at discussion organised by
 Hyperloop One on new modes of transport. 1400 IST, New Delhi.

Feb 28: Citi India, Asia Pacific Head, Consumer Banking Selvakesari to
discuss evolution of relationship management in new age digital banking
ecosystem in India. 1130 IST, Mumbai.

Feb 28: GDP estimate for Oct-Dec, by CSO. 1730 IST.

Feb 28: Second advance GDP estimate for 2016-17, by CSO. 1730 IST.

Feb 28: Core sector data for January, by commerce & industry ministry.

Feb 28: Government finances for Apr-Jan, by CGA.

Feb 28: CPI for industrial workers for January, by Labour Bureau.


Today's Global Data


Feb 28: Japan Jan preliminary industrial production; 0520 IST

Feb 28: Japan Jan preliminary retail sales; 0520 IST

Feb 28: UK Feb consumer confidence survey; 0531 IST

Feb 28: Japan Jan auto exports data; 0930 IST

Feb 28: Japan Jan auto production data; 0930 IST

Feb 28: Japan Jan preliminary report on petroleum statistics; 1000 IST

Feb 28: Japan Jan construction orders data; 1030 IST

Feb 28: Japan Jan housing starts data; 1030 IST

Feb 28: UK Philip Hammond to take questions in the Commons ahead of next
week's Budget; 1700 IST

Feb 28: US Retail Economist/Goldman Sachs weekly chain store sales   index for the week ended Feb 25; 1815 IST

Feb 28: US Q4 second estimate GDP; 1900 IST

Feb 28: US Jan advance economic indicators report; 1900 IST

Feb 28: US Johnson Redbook retail sales index for the week ended Feb 25;
1925
IST

Feb 28: US Dec S&P CoreLogic Case-Shiller Indices; 1930 IST

Feb 28: US Feb ISM Chicago purchasing managers' index; 2015 IST

Feb 28: US Feb Richmond Fed business activity survey; 2030 IST

Feb 28: US Fed consumer confidence index; 2030 IST

Business Standard

Ø  'Airtel rolls out 2 aggressive plans to take on Jio prime'

Ø  Daiichi moves to block Fortis stake sale again

Ø  Nine bank unions to go on strike on Tuesday

Ø  Biyani sees no future in speciality retail formats

Ø  More layoffs likely as manufacturing sales shrink

Ø  JSW group to foray into aviation business


Ø  Sebi, RBI discuss monitoring foreign investors in real time

Ø  Govt mulls permitting sale of non-food items under FDI policy

Ø  Idea-Vodafone deal to be revealed with Grasim-Nuvo voting

Ø  Bitcoin firms form self-regulatory body for transparent growth

Ø  Buzz on HPC becoming part of ONGC

Ø  Lenders get majority stake in GMR's Chhattisgarh unit



Mint

Ø  Airtel announces free national roaming from April 1

Ø  India is among the most open economies, says Jaitley 

Ø  KKR leads the race for stake-buy in Bharti Infratel, says Sunil Mittal

Ø  Rich Indians taking EB-5 visa route as US shuts down H-1B

Ø  Zydus arm gets USFDA nod to sell anti-viral drug

Ø  Lupin arm in pact to distribute anti-depressant drug in Japan


Ø  NSE algo trading: Sebi begins audit of 15 brokers over unfair access

Ø  LIC's total premium income grows 12.43% in nine months of FY17

Ø  Coal India units agree to buy back shares, but ratchet up valuations

Ø  RIL market cap crosses Rs4 trillion

Ø  Agricultural income outside India will be taxable in India


Financial Chronicle

Ø  Tata Sons, Docomo to settle $1.17 bln legal dispute, reports Nikkei

Ø  IMF says sanctions on Iran dampening economic sentiment

Ø  Providence to sell 3.33% holding in Idea Cellular

Ø  Telenor India buy won't affect Airtel's financial position: S&P

Ø  Odisha govt to issue notice to IOC for payment of dues



Ø  Worked hard on cleansing of market, UK Sinha

Ø  Govt to employ third party to study arsenic content in rice

Ø  ‘Mergers would be the least desirable option’

Ø  LIC: Bumper equity crop, but bad loans rising too

Ø  E-comm crisis unfolds: Vendors fear payment delay

NIFTY BANK VIEW

Nifty bank (20876)

Nifty bank has made a new all time high on 17 Feb.

Last week it had again traded near its new all time high but did not cross it and close with an inverted hammer doji.

If nifty bank trades below 20800 it can slide to its reverse bounce back zone of 20570.

But if maintains abv 20800-20900 zone it can show new all time high soon.

NIFTY 50 VIEW

Nifty 50 (8939)

Nifty 50 is trading near its previous tops of 8968-9119.

On its last two trading days nifty had touched  these two tops and closed below it.

Now if it trades below 8924-8900 it can slide to 8850 to its short term bounce back zone.

Nifty has resistance near 8968..8982-8994  on crossing these it can show 9119 its all time high.

Economic Times

Business Standard

Ø  Immigrants help 'miraculous' story of America: Buffett

Ø  Central Statistics Office may project growth below 7%

Ø  Donald Trump's deportation plan is economic suicide

Ø  Mumbai - richest Indian city with total wealth of $820 bn

Ø  India demands 'strongest action' after Kansas killing

Ø   TrumONGC set to create energy giant with control of HPCL

Ø  p to skip correspondents' dinner, a first in 36 yrs



Ø  JSW consortium submits bid for Italian plant Ilva

Ø  States free to supply coal to power plants

Ø  Anil Ambani to spell out defence business plans today

Ø  Ola raises $330 mn from SoftBank and two others at valuation of $3.5 bn

Ø  L&T Infra Debt to raise Rs 2,500 cr to refinance projects

Ø  Capital markets add 24 lakh investor accounts in 2016

Business Line



Mint

Ø  ArcelorMittal plans to set up 600-MW solar farm in Karnataka

Ø  MFs’ exposure to bank stocks hits record Rs 1.16 lakh cr in Jan

Ø  People are gradually shedding hard currency mindset: PM

Ø  UK keen to promote issuance of masala bonds

Ø  Max Ventures seeks shareholders nod for stake sale



Ø  RBI to frame standard procedure for FDI approvals post FIPB

Ø  Bank strike likely on 28 February, may dent services

Ø  Well-positioned to continue leading India market: TCS

Ø  Volkswagen diesel damages jump to $23.9 billion after new charge

Ø  Aadhaar biometric data breach triggers privacy concerns

Financial Express



Financial Chronicle

Ø  ‘BRICS Bank to finance technological innovation projects’

Ø  Foreign Portfolio Investors net inflow at Rs 14,600 cr in February

Ø  Demonetisation process is almost complete: FM Arun Jaitley

Ø  Govt must scale up production of active ingredients of drugs



Ø  Demonetisation fraud: Court takes cognisance on charge sheet

Ø  AAP govt approves around 37 pc hike in minimum wages

Ø  India to plug into ‘lithium triangle’ to ease import

Ø  DIAL invites CAG ire for free display of GMR logo

Market Update

Sgx Nifty -38 pts(8918)Nifty Fut (8956)
‎Dow +11.44 pts ,Nsdq +9.80 pts , S&P +3.53 pts , Bovespa -799 pts , Ftse -27 pts , Dax -143 pts  , Cac -46 pts , Nikkei  -149 pts now , Crude @ $53.99 brl (+0.00), Brent @ $56.31 brl (+0.00) , Gold @ 1257.65 (-0.65), Silver @ $18.39 (-0.01), Euro @ $1.0564, JPY @ $112.9100, INR @ $66.645




Today's Corporate Action
27th Feb  Ex Date


NUTRA
Stock  Split From Rs.10/- to Rs.5/-
RECLTD
Interim Dividend - Rs. - 7.0000






Today's Key Result
27th Feb

Merck,Sanofi,Vesuvius




Today's Data Alert


Feb 27: Fifth phase of voting to elect Uttar Pradesh Legislative Assembly

NIFTY BANK VIEW

Nifty Bank (20677)

Nifty bank as it has showed a new high and maintain the gap (20295..20449) yesterday too.

Now if it trades above 20700..it can head towards 20847..21000.

If maintains below 20470 it can show 20300 or can go to fill the gap.

NIFTY 50 VIEW

Nifty 50  (8879)

Nifty has hold 8800 and bounced back to 8886 levels.

As it had given a breakout on Friday from.8800 zone but gave a close with a bearish engulfing candle.

But on Monday it again bounced back to 8880..zone.

Now if it trades above 8900..8910 it can show 8934..8968..8994.

Market Update

Sgx Nifty +1 pts
‎US Mkt Clsd , Bovespa +784 pts , Ftse -0.10 pts , Dax +70 pts  , Cac -2 pts , Nikkei  +43 pts now , Crude @ $53.98 brl (+0.20), Brent @ $56.12 brl (-0.01) , Gold @ 1237.50 (-1.60), Silver @ $18.03 (+0.002), Euro @ $1.0612, JPY @ $113.3700, INR @ $66.975



Today's Corporate Action
21st Feb  Ex Date



None



Today's Key Result
21st Feb


Castrol( 146 cr +4% Yoy
Elantas Beck,Huhtamaki Ppl,ITD Cement,Kamat Hotel,Net 4 India



Today's Data Alert



Feb 21: Secretary of Electronics and IT Ministry Sundararajan, Commerce Minister Sitharaman, Karnataka Chief Minister Siddaramaiah JharkhandChief Minister Das to speak at IESA Annual Summit. 0930 IST,
Bengaluru



Today's Global Data



Feb 21: Japan February flash manufacturing PMI; 0600 IST

Feb 21: Japan December all industry index; 1000 IST

Feb 21: Japan January supermarket sales data; 1030 IST

Feb 21: Japan January nationwide department store sales data: 1130 IST

Feb 21: Japan January Tokyo area department store sales data; 1130 IST

Feb 21: Germany February Flash PMI; 1400 IST

Feb 21: Eurozone February Flash PMI; 1430 IST

Feb 21: UK January data on public sector finances; 1500 IST

Feb 21: Bank of England Governor Carney to speak in front of Treasury
Committee; 1530 IST

Feb 21: US February Flash Manufacturing PMI; 2015 IST

Feb 21: US February Flash Services PMI; 2015 IST

Feb 21: European Central Bank President Draghi to participate in macro-economic dialogue at political level

Feb 21: ECOFIN meeting of Eurozone finance ministers

Economic Times

Business Standard

Ø  TCS okays Rs 16K-cr buyback at Rs 2,850/share

Ø  ArthVeda plans to raise $1 billion for housing 

Ø  Birlas in talks to sell fertiliser business to Indorama

Ø  SC directs Unitech to pay 14% interest to home buyers

Ø  Local telecom gear cos to get access to $1bn fund

Ø  Infy to come under pressure after TCS share buyback


Ø  RBI, Sebi discuss HDFC Bank breach

Ø  Tata Power eyes stake sale in renewable power arm

Ø  ICEX, NMCE considering merger: EY to do due diligence

Ø  IDBI privatisation back on govt agenda

Ø  Ambuja's Q4 net up 60% due to lower taxes and energy costs

Ø  Steel firms lower prices as demand stagnates

Business Line

Mint
Ø  BharatQR code promises to take India down less-cash road

Ø  Centre seeks expression of interest for IRCON Inttl IPO

Ø  Chandra takes the hot seat at Tata Sons today

Ø  Havells puts its cash to use by buying Lloyd’s consumer biz

Ø  EU pushes India to extend investment pacts by six months

Ø  Canara Bank’s Rs. 1,124-cr rights issue opens on March 2 




Ø  India a priority among large emerging markets: CPDQ's Rashad Kaldany

Ø  World Bank arm to invest $47.5 million in Granules India

Ø  Flipkart, Microsoft announce strategic cloud partnership

Ø  Eveready plans to revamp tea business, could be spun off into a subsidiary

Ø  Lender serves bankruptcy notice to Ruchi Soya

Financial Express

Financial Chronicle
Ø  Collapse of Kraft-Unilever tie-up extends run of failed mega-deals

Ø  Govt may cross Rs 45.5K crore divestment target this fiscal

Ø  India and Rwanda sign MoUs in innovation, aviation, visa requirements

Ø  India's growth slowdown spilling over into Q4: Nomura

Ø  Vedanta Group Q3 EBIDTA jumps 79% to $882 million




Ø  I-T dept to launch 2nd phase of bank a/cs scrutiny next month

Ø  Best time for home loans as rates at 6-yr low

Ø  FDI in print media, state-run banks may be hiked to 49%

Ø  RCom-Tata Tele talks could spawn third largest telecom combine

Ø  25,000 tonnes of basmati to be exported to Iran

Ambuja Cements Q4

Net Profit At Rs 175.9 Cr CNBC-TV18 Poll Of Rs 165 Cr, 

Total Income At Rs 2,231 Cr Vs Poll Of Rs 2,210 Cr

NIFTY BANK VIEW

Nifty Bank (20551)

Nifty bank showed new all time high on friday of 21042.

Closing is near its previous all time high of 20575.

If nifty bank trades and closes below 20000 it can make selling pattern active of double top and selling pressure can take over markets.

But if nifty bank holds 20000..20400 zone it can show 21100..21400 soon.

NIFTY 50 VIEW

Nifty 50 (8821)

Nifty 50 had shown a good gap up opening on friday but did not maintain @ higher levels and slide down to 8800..8820 levels on closing basis with a neutral doji on weekly charts.

If nifty trades below 8800..8820 zone it can slide to 8700 again.

If maintains above 8820..8830 zone it will rise higher to 8880..8900 zone.

Being an expiry week volatility can be seen in markets.

Business Standard

Ø  China's oil giant CNPC signs $1.77 billion Abu Dhabi deal

Ø  MF industry bets big on SIP to hit Rs 20-trillion AUM mark

Ø  All might not be well for Dalal Street post Q3; nine lucky stocks to bet on

Ø  Government mandates launch of CPSE IPOs within 22 weeks of concerned ministry's nod

Ø  Havells to buy Lloyd Consumer for Rs 1,600 cr

Ø  Chandra walks into Tata corner room on Tuesday

Ø  Don't settle all trades in HDFC Bank, RBI tells custodians

Ø  65% of IT employees not retrainable: Capgemini India chief

Ø  China suspends all coal imports from North Korea

Business Line


Mint

Ø  PE investments decline to $652 mn in Jan: Thornton

Ø  Gold imports shrink 32.7% in April-Jan

Ø  Hero MotoCorp: Geared for a comeback

Ø  Wind power installations may cross 5,000 MW this year

Ø  Ratan Tata’s investment in start-ups rises 30 per cent in fiscal 2016

Ø  HSBC, UBS stop issuing P-Notes as India steps up clampdown

Ø  DLF to invest Rs3,500 crore in 2017 to complete running projects

Ø  Paytm to invest Rs600 crore over 10 months to expand QR code payment system

Financial Express


Financial Chronicle

Ø  Railway Minister Suresh Prabhu signs deal for India to commit $340 mn soft loans to Nepal for infra projects

Ø  Top seven companies add Rs 48,519 crore in market capitalisation

Ø  SpaceX launches rocket from NASA pad in Florida, completes relanding

Ø  Despite fall, GDP will bounce back sharply: RBI Governor

Ø  AAI deprived Rs 2,397 cr by DIAL firms, says CAG

Ø  Alibaba, Rakuten look to tap Indian e-commerce mart

Ø  Patanjali wins tax exemption claims

Market Update

Sgx Nifty -14 pts
‎Dow +4.28 pts ,Nsdq +23.68 pts , S&P +3.96 pts , Bovespa -65 pts , Ftse -24 pts , Dax -36 pts  , Cac -25 pts , Nikkei  -67 pts now , Crude @ $53.79 brl (+0.01), Brent @ $55.78 brl (+0.08) , Gold @ 1237.35 (+1.50), Silver @ $18.00 (+0.02), Euro @ $1.0626, JPY @ $112.9100, INR @ $67.076



Today's Corporate Action
20th Feb  Ex Date



AIAENG
Interim Dividend - Rs. - 4.0000
DHAMPURSUG
Interim Dividend - Rs. - 2.5000
FCL
Interim Dividend - Rs. - 0.1000
SOLARINDS
Interim Dividend - Rs. - 2.0000


Today's Key Result
20th Feb


Ambuja Cem ( 156 cr +43% Yoy Res-During Mkt )
Ksb Pump


Today's Data Alert


Feb 20: CPI for rural and farm labourers for January, by Labour Bureau.

Feb 20: Citi India to launch public-private technology initiative with
Ministry of Electronics and Information Technology and Digital India
Foundation.  Mumbai, 1200 IST

NIFTY BANK VIEW

Nifty bank (20243)

Nifty bank yesterday did not break 20000 zone and rose upto 20295 with a closing of doji sign.

Today if nifty bank trades above 20300 it can show 20440..20620..20820.

NIFTY 50 VIEW

Nifty 50 (8778)

Nifty has taken support @ its bounce back support zone of 8700...8720 and given a close above 8752 resistance zone of yesterday.

8750..8740 can now act as support for short term.

Nifty if trades above 8784..8800 it can this time break the stiff zone of 8820 to show 8880..8920.

Economic Times

Business Standard

Ø  Capgemini goes on a hiring spree, India headcount to hit 1 lakh by April-end

Ø  IOC, IBHFL to replace Idea, BHEL in NSE Nifty50

Ø  Yamaha recalls 1155 units of YZF-R3 in India

Ø  Reliance Jio free services resulted in 20% revenue loss to telecom industry: Report

Ø  ONGC plans Rs 29,000 crore capex for next fiscal



Ø  Snap sets IPO valuation below expectations in range of $16.2-18.5 bn

Ø  RBI proposes lower MDR from April 1 to keep digi-pay momentum

Ø  Markets settle the day higher led by IT and pharma stocks

Ø  IL&FS Engineering surges 9% on bagging Rs 123 cr orders from GAIL

Ø  L&T aerospace unit plays role in Isro launch of 104 satellites

Business Line



Mint

Ø  SEBI floats consultation paper on debenture trustees

Ø  Gold unlikely to rise above $1,200/oz in the next three months

Ø  MCX signs MoU with Singapore diamond exchange

Ø  Tata Motors front-runner for Rs. 60,000-cr combat vehicle programme





Ø  Indian Oil reconsidering investment plans for Paradip refinery in Odisha

Ø  Bhel looks to pivot from power sector to transportation, electric vehicles

Ø  Anand Rathi buys Religare’s wealth management arm

Financial Express



Financial Chronicle

Ø  Airtel network beats Reliance Jio, logs highest download speed in January

Ø  India slips to 143 in economic freedom index: US thinktank

Ø  SBI sees gross NPAs rising after merger with associates but Chairman says no worries

Ø  Happy hours: RRB gold loan limit doubled; no more debit card charges on government payments





Ø  Tata Motors & Microsoft join hands for AI vehicles

Ø  Himalya enters pet nutrition market

Ø  TCS triggers share buyback bonanza, Infy takes the cue

Market Update

Sgx Nifty +32 pts
‎Dow +7.91 pts ,Nsdq -4.54 pts , S&P-2.05 pts , Bovespa -161 pts , Ftse -24 pts , Dax -36 pts  , Cac -25 pts , Nikkei  -127 pts now , Crude @ $53.43 brl (-0.03), Brent @ $55.80 brl (+0.04) , Gold @ $1239.75 (+0.25), Silver @ $18.07 (+0.00), Euro @ $1.00671, JPY @ $113.5400, INR @ $67.175

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.4592%

Today's Corporate Action
17th Feb  Ex Date


DWITIYA
Stock  Split From Rs.10/- to Rs.2/-
ACIASIA
Consolidation of Shares 
BALKRISIND
Interim Dividend - Rs. - 2.0000
CANBK
Right Issue of Equity Shares 
DISHMAN
Interim Dividend - Rs. - 1.2000
EDELWEISS
Interim Dividend - Rs. - 1.0000
GOLDIAM
Interim Dividend - Rs. - 2.0000
MGL
Interim Dividend - Rs. - 8.0000
NATFIT
Interim Dividend - Rs. - 2.0000
NBCC
Bonus issue 1:2
NHPC
Buy Back of Shares 
RANEHOLDIN
Interim Dividend - Rs. - 3.5000
SRF
Interim Dividend - Rs. - 6.0000
SUNTV
Interim Dividend - Rs. - 5.0000
TUBEINVEST
Interim Dividend - Rs. - 1.2500
WHEELS
Interim Dividend - Rs. - 5.0000

Today's Data Alert

Feb 17: Various heads of software companies, key politicians to be present
at NASSCOM India Leadership Forum 2017.

Feb 17: SEBI Chairman Sinha to deliver keynote address at SEBI's
International Conference on Commodity Derivatives, 0900 IST, Mumbai.

NIFTY BANK VIEW

Nifty Bank (20163)

Nifty bank made a high above 20300 but did not sustain and now as it starts trading below 20000, it can slide to 19900..19600 zone

To catch uptrend it has to go beyond 20300.

NIFTY 50 VIEW

Nifty 50 (8724)

Selling pattern will be active in nifty below 8700 which can take it to 8680..8660..8620 for the day.

If maintains above 8700..8720 zone it can rise up-to again 8776

Economic Times

Business Standard

Ø  31 out of 34 oil & gas field auctioned sold

Ø  Tax benefit of Rs 2.4 lakh to first-time home buyers

Ø  ARCs may get a push as bad bank put on hold

Ø  Tata Steel's UK unions approve new turnaround plan

Ø  Exports rise for fifth month in a row, up 4.3% in January

Ø  USFDA warns Resonance Labs of mfg violations

Ø  Bankers seek dispensation to recast of bad loans 



Ø  Trade deficit narrows to $9.8 bn in January

Ø  Cabinet clears merger of 5 associate banks with SBI

Ø  39% comply with I-T's online verification

Ø  Record wheat, foodgrain output likely in 2016-17

Ø  I-T Dept to scrutinise tax relief claims by sick companies

Ø  Novelis to lay off employees in Korea, US to curtail costs

Ø  Piramal lends Rs 2K cr under lease rental discounting scheme

Business Line



Mint

Ø   SBI plans Korea-Nepal, Korea-India remittance corridors

Ø  India, Croatia ink pact to boost economic ties 

Ø  ‘Cash-backs won’t get you customer loyalty’

Ø  Claris Lifesciences net jumps 233%

Ø  SoftBank to buy Fortress Investment for $3.3 billion

Ø  Nestle India profit down 9% in fourth quarter



Ø  Govt to list all profit making PSUs in 2-3 years

Ø  Paytm claims Rs5,000 crore worth transactions in January

Ø  Tata Motors shares fall 10.3%, biggest decline in five years

Ø  Sun Pharma’s Q3 results leave investors underwhelmed

Ø  BlackBerry files patent infringement suit against Nokia

Ø  Vodafone-Idea merger: BofA, UBS, StanChart vying for $40 mn advisory fee

Financial Express



Financial Chronicle

Ø  Tata Steel unveils UK's biggest robotic welding line

Ø  DLF promoters in last leg of talks for Rs 12-14k crore sale deal

Ø  Govt taps newcomers to unlock $7 billion oil and gas assets

Ø  Oil slips further below $56 on report of US inventory jump





Ø  Foodgrain output may touch record 272 mt this year

Ø  BookMyShow acquires 75 per cent stake in Townscript

Ø  BSE Q3 net profit drops 17% to Rs 64-cr

Ø  Centre whittles down wheat purchase target

Ø  Nasscom defers annual growth forecast to May

Market Update

Sgx Nifty +22 pts
‎Dow +107.45 pts ,Nsdq +36.87 pts , S&P+11.67 pts , Bovespa +1262 pts , Ftse +33 pts , Dax +22 pts  , Cac +29 pts , Nikkei  -27 pts now , Crude @ $53.03 brl (+0.04), Brent @ $55.72 brl (+0.07) , Gold @ $1233.65 (+0.90), Silver @ $17.97 (+0.00), Euro @ $1.00600, JPY @ $114.2000, INR @ $66.876



Today's Corporate Action
16th Feb  Ex Date


AMRUTANJAN
Interim Dividend - Rs. - 1.1000
AVTNPL
Interim Dividend - Rs. - 0.2000
BHARATFORG
Interim Dividend - Rs. - 2.5000
BOSCHLTD
Interim Dividend - Rs. - 75.000
COMPUAGE
Stock  Split From Rs.10/- to Rs.2/-
JAYAGROGN
Interim Dividend - Rs. - 5.0000
KALECONSUL
Interim Dividend - Rs. - 11.0000
MANAPPURAM
Interim Dividend - Rs. - 0.5000
MENONBE
Interim Dividend - Rs. - 1.0000
MINDAIND
Interim Dividend - Rs. - 1.2000
PAGEIND
Interim Dividend - Rs. - 25.0000
POWERGRID
Interim Dividend - Rs. - 1.0000
SELAN
Interim Dividend - Rs. - 5.0000
SHBCL
Interim Dividend - Rs. - 0.2500
SNL
Interim Dividend - Rs. - 3.0000
SOUTHBANK
Right Issue of Equity Shares 
STERTOOLS
Interim Dividend - Rs. - 1.0000
TAKE
Interim Dividend - Rs. - 0.3000





Today's Global Data



Feb 16: US December treasury international capital data; 0230 IST

Feb 16: Japan January revised machine tool orders data; 1130 IST

Feb 16: European Central Bank accounts of last monetary policy discussions;
1800 IST

Feb 16: US unemployment insurance claims report for the week ended Feb 11;
1900 IST

Feb 16: US weekly export sales data; 1900 IST

Feb 16: US January new residential construction data; 1900 IST

Feb 16: Philadelphia Federal Reserve February business outlook survey; 1900
IST

Feb 16: US EIA natural gas storage report for the week ended Feb 10; 2100
IST

Feb 16: Federal Reserve Bank of New York's Oct-Dec household debt and credit
report; 2130 IST

Feb 16: G20 foreign ministers meeting in Bonn, Germany

Feb 16: Eurozone January new passenger car registrations

NIFTY BANK VIEW

Nifty Bank is consolidating between 20000..20300 zone.

Breakthrough either side will show 19900..20500 soon.

NIFTY 50 VIEW

Nifty is still stuck in a range 8700..8800.

Break through either side will decide the further trend in market to 8600...or to 8900.

Economic Times

Business Standard

Ø  ICAI looking at alleged irregularities at Tata companies

Ø  India Ratings pegs GDP to grow 7.4% in FY18

Ø  GST likely to halt economy: Andrew Holland

Ø  FPIs decide to impose 7.5% tax on P-notes

Ø  Wipro plans a reboot to show it’s much more than IT

Ø  UBI will act under Insolvency Act to recover dues

Ø  Vodafone awards Rs 2,040-cr 4G contract to Ericsson



Ø  Tata Motors profit dives 96% as JLR loses steam

Ø  JERA picks up 10% in ReNew Power for $200 mn

Ø  Sebi revises timeline for custodians to submit report

Ø  S&P downgrades IDBI Bank to 'BB' on very weak asset quality

Ø  Monsanto starts work on $975-mn Louisiana expansion project

Ø  JSW Steel sole bidder for Monnet Ispat

Business Line



Mint

Ø  No merger talks with Union Bank: Dena Bank CMD 

Ø  Move to launch $100-million agri, food fund under way

Ø  Adani Ports & SEZ to buy back NCDs worth ₹1,170 cr

Ø  Vedanta Q3 profit jumps over 4-fold to Rs 1,866.28 cr on higher income

Ø  DSP BlackRock to suspend fresh transactions in Micro Cap Fund



Ø  SpiceJet’s Q3 profit declines 24% to Rs181 crore

Ø  Cairn India scouts for oilfield services firms in a bid to cut cost, boost output  

Ø  DLF’s Q3 profit falls 46% to Rs98.14 crore

Ø  Sun Pharma Q3 profit falls 5% to Rs1,471.82 crore on higher tax outgo

Ø  Idea’s disastrous Q3 results underscores motivation for Vodafone merger

Financial Express



Financial Chronicle

Ø  Donald Trump effect: US Fed to raise rates once inflation, employment improve, says Janet Yellen

Ø  Labour Ministry, FinMin agree on 8.65% EPF interest: Bandaru Dattatreya

Ø  Most companies becoming socially more responsible, says report





Ø  E-commerce awaits sustainable business model

Ø  Bansal saga: Infosys hides more than what it reveals

Ø  InterContinental Group on an expansion spree

Ø  Metal stocks red hot on Chinese demand

Market Update

Sgx Nifty -6 pts
‎Dow +92.25 pts ,Nsdq +18.62 pts , S&P+9.33 pts , Bovespa -254 pts , Ftse -10 pts , Dax -2 pts  , Cac +7 pts , Nikkei  +228 pts now , Crude @ $53.06 brl (+0.03), Brent @ $55.81 brl (-0.03) , Gold @ $1229.00 (+0.00), Silver @ $17.95 (+0.00), Euro @ $1.0577, JPY @ $114.3100, INR @ $66.786

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.4770%

Today's Corporate Action
15th Feb  Ex Date

GULFOILLUB
Interim Dividend - Rs. - 3.5000
INDIANHUME
Interim Dividend - Rs. - 1.0000
NTPC
Interim Dividend - Rs. - 2.6100
POLYMED
Interim Dividend - Rs. - 1.0000


Today's Key Result
15th Feb

Asahi India,Gammon Ind,Nestle,Sanco Inds

Today's Data Alert 

Feb 15: Second phase of voting to elect Uttar Pradesh Legislative Assembly.

Feb 15: Voting to elect Uttarakhand Legislative Assembly.