NIFTY BANK VIEW

Nifty Bank (22326)

Nifty Bank has closed on a new all time high 22326.
It can catch uptrend above 22460.

Support zone lies @ 22100-21900 zone.

NIFTY 50 VIEW

Nifty 50 (9342)

Nifty has made a double top yesterday @ 9367 to catch its uptrend and show 9420..9440 it has to trade above 9367.

Double top being a selling pattern nifty can cool down to support levels of 9320-9300 zone.

Market Update

Sgx Nifty +4 pts
‎Dow +6.24 pts ,Nsdq +23.71 pts , S&P +1.32 pts , Bovespa -185 pts , Ftse -51 pts , Dax -29 pts , Cac -16 pts , Nikkei -30 pts now , Crude @ $49.17 brl (+0.20), Brent @ $52.07 brl (+0.04) , Gold @ 1265.30 (+0.60), Silver @ $17.341 (+0.001), Euro @ $1.0863, JPY @ $111.2100, INR @ $64.100

US GENERIC GOVT. 10-YEAR YIELD : 2.2910%

Today's Corporate Action
28th Apr  Ex Date


ABB
Dividend - Rs. - 4.0000
DWEKAM
Stock  Split From Rs.10/- to Rs.1/-


Today's Key Result
28th Apr


Ambuja Cem
Ceat,Chola Fin,Federal Bank,Idfc,Kesoram,Kirloskar Fer,Kitex,Raymond,Rpg Life,Sirpur Gold,Supreme Inds,Uniphos,Upl,Uttam Steel
Source-Cogencis


Today's Data Alert


Apr 28: Core sector growth for March, by commerce and industry ministry.

Apr 28: CPI for industrial workers for March, by Labour Bureau.


Today's Global Data


Apr 28: US April agricultural prices; 0030 IST

Apr 28: US Foreign Central Bank Holdings; 0200 IST

Apr 28: US money stock measures; 0200 IST

Apr 28: US Federal Discount Window Borrowings; 0200 IST

Apr 28: UK April consumer confidence survey; 0431 IST

Apr 28: UK April Hometrack cities house price index; 0431 IST

Apr 28: Japan March household spending; 0500 IST

Apr 28: Japan March Consumer Price Index-based inflation; 0500 IST

Apr 28: Japan March labour force survey; 0500 IST

Apr 28: Japan March Consumer Price Index-based inflation for Tokyo; 0500 IST

Apr 28: Japan March preliminary retail sales; 0520 IST

Apr 28: Japan March preliminary industrial production; 0520 IST

Apr 28: Japan March construction orders; 0630 IST

Apr 28: Japan March auto exports; 0930 IST

Apr 28: Japan March auto production; 0930 IST

Apr 28: Japan March preliminary report on petroleum statistics; 1000 IST

Apr 28: Japan March housing starts; 1030 IST

Apr 28: Germany March retail trade; 1130 IST

Apr 28: Germany March foreign trade price indices; 1130 IST

Apr 28: European Union April EuroCOIN indicator of euro area economic Activity; 1300 IST

Apr 28: European Union March monetary developments; 1330 IST

Apr 28: UK March BBA main high street banking groups statistics; 1400 IST

Apr 28: UK Jan-Mar insolvency statistics; 1400 IST

Apr 28: UK Jan-Mar GDP preliminary estimate; 1400 IST

Apr 28: UK February monthly service sector figures; 1400 IST

Apr 28: European Union April flash estimate euro area inflation; 1430 IST

Apr 28: US Jan-Mar advance estimate GDP; 1800 IST

Apr 28: US Jan-Mar Employment Cost Index; 1800 IST

Apr 28: US April ISM-Chicago Business Survey - Chicago Purchasing Managers
Index; 1915 IST

Apr 28: US April University of Michigan survey of consumers; 1930 IST

Business Standard

Ø  PSU banks may be asked to take over NPAs

Ø  LIC stake in ITC case: FinMin, SEBI to be made parties

Ø  State-owned ONGC makes 23 oil and gas discoveries

Ø  Review petition filed with SC over BS III vehicles' order

Ø  Paytm to pump in Rs 10,000 crore into banking, financial services

Ø  India to invest Rs 50,000 crore to revive four mothballed fertilizer plants

Ø  Sebi issues final show-cause notice in NSEL scam case to five big brokers

Ø  Maruti earmarks Rs 4,500 cr capex for FY18

Ø  Tata Motors to supply 3,192 Safari Storme SUVs to Indian army

Ø  SC fixes Aamby Valley reserve price at Rs 37,392 cr

Ø  CCI orders antitrust probe into Roche cancer drug

Ø  DGFT allots 60% of 500,000 tonne duty-free raw sugar import quota to south

Business Line

Mint


Ø   Kia Motors to build $ 1.1 billion manufacturing plant in India

Ø  Kotak Mahindra Bank posts 40% jump in standalone net profit

Ø  NSE introduces online bidding facility for InvITs

Ø  Hudco public issue to open on May 8 

Ø  India INX to start single stock F&O trading from Friday

Ø  Maruti Suzuki to pay record dividend as Q4 profit jumps 16%

Ø  S Chand IPO achieves full subscription on Day 2

Ø  HDFC Bank crosses Rs4 trillion in market cap

Ø  SoftBank changes track in India as initial bets go sour

Ø  Real estate sector to receive $7 billion investment this year: CBRE report

Ø  HDFC may sell realty, digital units to Quikr for 5% stake

Financial Express

Financial Chronicle


Ø  India one of best places for global realty investments: Report

Ø  Govt extends service tax return filing date to April 30

Ø  No privatisation of railways, says Suresh Prabhu

Ø  Consumers can now buy 'digital gold' using Paytm

Ø  Tata Elxsi Q4 net profit rises 8.2 per cent to 44 crore

Ø  India one of best places for global realty investments: Report

Ø  India draws up Rs 55,500 cr plan to turn urea exporter

Ø  Jio effect: Rules soon for telcos TRAI-ing new service

Ø  Dual MRP on packaged items may be scrapped

Ø  Gems & jewellery exports grow by 9.85% in 2016-17

Ø  Trump’s U-turn on NAFTA treaty

Tata Elxsi Q4: QoQ

PAT Up 1.6% At Rs 45 Cr;

Rev Up 5.4% At Rs 326 Cr;

EBITDA Up 2% At Rs 76 Cr;

EBITDA Margin At 23% Vs 24%

KOTAK BANK Q4 EARNINGS

PAT Rs 976 Cr Vs Rs 696 Cr, Up 40% YoY; 

NII Rs 2,161 Vs Rs 1,857, Up 16.4% YoY

Gross NPA At 2.59% Vs 2.42%  

Net NPA At 1.26% Vs 1.07% (QoQ);

Other Income At Rs 1,002.7 Cr

Maruti Q4

PAT At At Rs 1,709 Cr Vs CNBC-TV18 Poll Of Rs 1,739 Cr;

Rev At Rs 20,751.2 Cr Vs CNBC-TV18 Poll Of Rs 18,621 Cr

Net Sales at Rs 20,750 Cr Vs Rs 17,240 Cr, Up 20.4% YoY

EBITDA Margin At 13.8% Vs CNBC-TV18 Poll Of 14%;

EBITDA At Rs 2,560.7 Cr Vs CNBC-TV18 Poll Of Rs 2,624 Cr

NIFTY BANK VIEW

Nifty Bank (22242)

Nifty Bank has closed again on a new high of 22242.

It is heading towards 22400..22700 with the support of 22100.

Today being expiry day it can be volatile.

NIFTY 50 VIEW

Nifty 50 (9351)

Nifty has hold the support of 9308 with a dip of 9302 and has closed above 9340.

Today being an expiry day market can be volatile and nifty can show positional support levels (9270..9310) zone 

and positional resistance levels (9420...9440).

Business Standard

Ø  Sebi makes P-Note norms stricter to curb black money

Ø  Investors can buy MFs through digital wallets: Sebi

Ø  FII inflows expected to be $5-10 bn in 2017-18: ICRA

Ø  Axis Bank reports 43% YoY drop in Q4 net profit 

Ø  60% people facing frequent call drops: Survey

Ø  Global cashless society getting closer, survey finds

Ø  Relief for Indian MNCs! Govt considers to dilute POEM

Ø  Govt will not impose any tax on agriculture income, clarifies FM Jaitley

Ø  Tata Motors aims to export about 8,000 BS-III CVs

Ø  Rough road ahead for Adani group over paring debt

Ø  NSE IPO to take time, decision on new CEO soon, says Sebi chief Ajay Tyagi

Ø  Setback to India as international panel rejects stay on Cairn arbitration

Ø  Trump tax plan to cut corporate rate to 15%: Treasury secretary

Business Line



Mint

Ø  Reforms rush: SEBI allows options trading in commodity market 

Ø  Tata Trusts opens iodised salt refinery in Tamil Nadu

Ø  GTL Infra aims to be debt free in 3-4 years: Manoj Tirodkar

Ø  Oil falls on bulging US crude inventories, ample global supplies

Ø  Average daily construction rate of 130 km of rural roads achieved in 2016-17

Ø  RBI fines Kotak Mahindra, HSBC for violating FEMA

Ø  Sebi tightens norms for IPOs of small companies

Ø  PAN will not be invalidated retrospectively for not linking with Aadhaar, govt tells SC

Ø  S Chand IPO subscribed 52% on Day 1

Ø  Zensar Technologies Q4 net profit down 84% to Rs 10 crore

Ø  Kalyan Jewellers to acquire online jewellery firm Candere

Financial Express


Financial Chronicle

Ø  Surge in FPI inflows into debt unlikely to sustain: Icra

Ø  India to play 'crucial role' in WhatsApp's business solutions

Ø  A $37 billion manager cautions on India's world-beating stocks

Ø  South Korea court says Uber violated transport law, latest setback for US firm

Ø  Centre plans to sell 1,400 acres of surplus PSU land

Ø  Sensex, Nifty scale lifetime highs on fund inflow, Asian cues

Ø  SFIO all set to activate early warning system

Ø  Equity may yield 15-18% annual returns

Ø  Cheque bounce reform fails to set apart intention, wilful default

Market Update

Sgx Nifty +1 pts
‎Dow -21.03 pts ,Nsdq -0.27 pts , S&P -1.16 pts , Bovespa -286 pts , Ftse +13 pts , Dax +5 pts , Cac +10 pts , Nikkei -39 pts now , Crude @ $49.32 brl (-0.30), Brent @ $52.08 brl (+0.01) , Gold @ 1268.87 (+4.67), Silver @ $17.499 (+0.06), Euro @ $1.0908, JPY @ $111.1900, INR @ $64.055





Today's Corporate Action
27th Apr  Ex Date



ELANTAS
Dividend - Rs. - 4.5000
MOLDTEK
Interim Dividend - Rs. - 0.3000





Today's Key Result
27th Apr



Kotak Bank(977 Cr +40% Yoy )
M&M(651 cr +12% Yoy)
Maruti(1758 cr + 55% Yoy)
Biocon,Gtl Infra,Hatsun Agro,Indiabulls Real Est,Indiabulls Vent,Mahindra Cie, Mosl,Rel Capital,Sqs Ind,Sygene Int,Tata Elxsi,Tvs Motor,Ujjivan Fin,Uttam Sug
Source-Cogencis



Today's Data Alert



Apr 27: Railway Minister Prabhu, SBI Chairman Bhattacharya, among others, to
be  present at AIMA Managing India Awards. 1745 IST, New Delhi.

Apr 27: Rainfall for week to Apr 26, by IMD.

Apr 27: Water level in major reservoirs as on Apr 27, by CWC.







Today's Global Data




Apr 27: UK March monthly automotive manufacturing figures; 0431 IST

Apr 27: Japan April provisional trade statistics for first 10 days of month;
 0520 IST

Apr 27: Japan March detailed import and export statistics; 0600 IST

Apr 27: Germany May GfK consumer climate survey; 1130 IST

Apr 27: Japan March steel imports and exports statistics; 1130 IST

Apr 27: UK April nationwide house price index; 1130 IST

Apr 27: Germany April Saxony Consumer Price Index-based Inflation; 1230 IST

Apr 27: Germany April Bavaria Consumer Price Index-based Inflation; 1330 IST

Apr 27: Germany April Brandenburg Consumer Price Index-based Inflation; 1330 IST

Apr 27: Germany April Hesse Consumer Price Index-based Inflation; 1330 IST

Apr 27: Germany April North Rhine Westphalia Consumer Price Index-based
 Inflation; 1330 IST

Apr 27: European Union April Business & Consumer Surveys - Business Climate Indicator; 1430 IST

Apr 27: UK April CBI monthly distributive trades survey; 1530 IST

Apr 27: European Central Bank interest rate announcement; 1715 IST

Apr 27: Germany April provisional Consumer Price Index-based Inflation; 1730 IST

Apr 27: US March advance report on durable goods; 1800 IST

Apr 27: US March advance economic indicators report; 1800 IST

Apr 27: US unemployment insurance weekly claims report for the week ended
Apr 22; 1800 IST

Apr 27: US weekly export sales; 1800 IST

Apr 27: US March pending home sales index; 1930 IST

Apr 27: US Jan-Mar housing vacancies; 1930 IST

Apr 27: US EIA weekly natural gas storage report for the week ended Apr 21; 2000 IST

Apr 27: US April Federal Reserve Bank of Kansas City survey of tenth
district; 2030 IST

Apr 27: US Securities and Exchange Commission closed meeting; 2330 IST

Apr 27: Bank of Japan Outlook Report

Apr 27: Japan Monetary Policy Meeting decision

Apr 27: Germany April Baden-Wuerttemberg Consumer Price Index-based Inflation

Axis Bank

PAT Rs 1,225 cr Vs Rs 2,154 cr, Down 43% YoY

NII Rs 4,728 cr Vs Rs 4,552.6 cr, Up 3.8% YoY

Gross NPA At 5.04% Vs 5.22%; 

Net NPA At 2.11% Vs 2.18% (QoQ) 

Gross Slippages At Rs 4,811 Cr Vs Rs 4,560 Cr (QoQ) 

Net Slippages At Rs 2,008 Cr

Net Interest Margin At 3.83% Vs 3.43% (QoQ); 

Provisions At Rs 2,581 Cr Vs Rs 3,795.8 Cr (QoQ) & Rs 1,168 Cr (YoY)

Total Deposits As On March 31 Up 15.8% At Rs 4.14 Lakh Cr 

Net Advances Up 10.1% At Rs 3.73 Lakh Cr YoY

NIFTY 50 VIEW

Nifty 50 (9306)

Nifty has given a good move yesterday with a gap up close and touched the resistance level of 9308.

One more gap up in coming days can bring back the uptrend momentum back in market.

For today support lies @ 9280..9250 zone.

Resistance is @ 9308..

If nifty maintain above 9310 it can show soon 9420..9440.

NIFTY BANK VIEW

Nifty Bank (22054)

Nifty Bank made a new high.

Now 21900 can act as support it can show 22200..22440 soon.

MARKET UPDATE

SGX Nifty +15 pts (9310) from last trade 9295 , 


Nikkei +119 pts , 
Hangseng +107 pts , 
Now @6.52am , 


‎Dow +232.23 pts ,Nsdq +41.67 pts , S&P +14.46 pts , Bovespa +759 , Ftse +10 pts , Dax +12 pts , Cac +9 pts , Crude @ $49.29 brl (-0.27), Brent @ $52.42 brl (+0.00) , Gold @ 1265.07 (-2.13), Silver @ $17.668 (+0.009), Euro @ $1.0930, JPY @ $111.0500, INR @ $64.3450 


Infy:+0.76%,             Wit: -0.92%
Ttm:+1.40%,            Rdy:+0.90%
Hdb:+0.64%,             Ibn:+1.91% 
SBID:+0.34%,        RIGD:+0.68%


Today's Corporate Action
26th Apr  Ex Date



BLS
Stock  Split From Rs.10/- to Rs.1/-
CAIRN
Amalgamation 
CAIRN
Interim Dividend - Rs. - 17.7000
ORIENTPPR
Interim Dividend - Rs. - 0.5000






Today's Key Result
26th Apr



Axis Bank( 895 cr -58% Yoy Res-After Mkt)
Foseco India,Gic Housing ,Kpit Tech,Lakshmi Vilas Bank,Lkp Fin,Ster Tech,Supreme Petro,Tata Sponge
Source-Cogencis



Today's Data Alert



Apr 26: Money supply as on Apr 14, by RBI.

Business Standard

Ø  ITAT rulings raise hopes of HSBC 'account holders'

Ø  VCs, PEs fear taxing times for directors under GST

Ø  Wipro posts 20% rise in Q4 net at Rs 2,303.5 cr

Ø  Nasdaq hits 6,000, Dow surges as earnings impress

Ø  India's wind power capacity crosses 32 GW: IWTMA

Ø  Shapoor Mistry resigns from Indian Hotels board

Ø  'Ericsson to start 5G lab trials in India this year'

Ø  Trai to invite stakeholder comments on spectrum auction in 15 days

Ø  Reliance to take more write offs on US shale gas assets

Ø  Bankruptcy is not a stigma, says PEA Sanjeev Sanyal

Ø  Only eight of Nifty50 stocks are at all-time high level

Ø  Government gets proactive on divestment

Ø  Sebi to discuss measures to check black money in deeper markets

Business Line


Mint

Ø  NSE to exclude Cairn India from SLB segment from Apr 26

Ø  Former SEBI Chairman GN Bajpai is now Chairman of Usha Martin

Ø  Consultation paper on spectrum auction in 15 days: TRAI

Ø  Alembic Pharma gets USFDA nod for anti-hypertension drugs

Ø   MF investments in bank stocks hit all-time high of over Rs. 1.26 lakh cr

Ø   Waiving agricultural loans could cost 2% of GDP: CEA 


Ø  Coal scam: CBI files corruption case against former chief Ranjit Sinha

Ø  RBI governor Urjit Patel says demonetisation effects ‘transitory’

Ø  LIC Housing Finance Q4 profit rises 18% to Rs529 crore

Ø  Rupee closes at fresh 20-month high against US dollar

Ø  Tata Power to sell non-core assets, improve efficiencies to offset Mundra impact

Financial Express


Financial Chronicle

Ø  NITI Aayog’s 3-year agenda suggests key reforms to bolster economy

Ø  In Q1, more than 50% employees to be locals in the US: Wipro

Ø  Compliance rating for industry under GST on the cards

Ø  Glenmark Pharma initiates clinical investigation for proposed biosimilar GBR 310

Ø  Wipro offers bonus shares, to consider share buyback

Ø  Govt giving top priority to addressing bad loans issue: Jaitley

Ø  India plans oil-for-drugs barter deal with Venezuela

Ø  Public sector banks merger could help banking system: RBI Gov

Ø  Centre turns down Maharashtra’s plea on pulses buy

Ø  Gold demand might have doubled in March quarter

MARKET UPDATE

SGX Nifty +15 pts (9310) from last trade 9295 , 


Nikkei +119 pts , 
Hangseng +107 pts , 
Now @6.52am , 


‎Dow +232.23 pts ,Nsdq +41.67 pts , S&P +14.46 pts , Bovespa +759 , Ftse +10 pts , Dax +12 pts , Cac +9 pts , Crude @ $49.29 brl (-0.27), Brent @ $52.42 brl (+0.00) , Gold @ 1265.07 (-2.13), Silver @ $17.668 (+0.009), Euro @ $1.0930, JPY @ $111.0500, INR @ $64.3450 


Infy:+0.76%,             Wit: -0.92%
Ttm:+1.40%,            Rdy:+0.90%
Hdb:+0.64%,             Ibn:+1.91% 
SBID:+0.34%,        RIGD:+0.68%


Today's Corporate Action
26th Apr  Ex Date



BLS
Stock  Split From Rs.10/- to Rs.1/-
CAIRN
Amalgamation 
CAIRN
Interim Dividend - Rs. - 17.7000
ORIENTPPR
Interim Dividend - Rs. - 0.5000






Today's Key Result
26th Apr



Axis Bank( 895 cr -58% Yoy Res-After Mkt)
Foseco India,Gic Housing ,Kpit Tech,Lakshmi Vilas Bank,Lkp Fin,Ster Tech,Supreme Petro,Tata Sponge
Source-Cogencis



Today's Data Alert



Apr 26: Money supply as on Apr 14, by RBI.

LIC Housing Finance Q4

Net Profit At Rs 529.2 Cr Vs CNBC-TV18 Poll Of Rs 530.7 Cr

NII At Rs 1,092 Cr Vs CNBC-TV18 Poll Of Rs 987.2 Cr

provisions at Rs 89.3 cr Vs Rs 37.6 cr, up 137.3% YoY & Vs Rs 45.3 cr, up 97.3% QoQ

Total Revenue at Rs 3,660 Cr Vs Rs 3,270 Cr YoY

NIFTY BANK VIEW

Nifty Bank (21857)

Nifty Bank has reversed from its downward channel and has given a good closing with a marubozu candle it can show 21950-22100 soon.

With the support of 21300-21400 zone.

Break through 21300-21400 can show 21000.

NIFTY 50 VIEW

Nifty 50 (9217) 

Nifty has given a good reverse from its support zone of 9080-9120 now when it trades above 9220 zone it can rise up-to 9280-9300.

Break through 9080 can take the stock to 9000 levels.

Market Update

Sgx Nifty +12 pts
‎Dow +216.13 pts ,Nsdq +73.30 pts , S&P +25.49 pts , Bovespa +628 , Ftse +150 pts , Dax +406 pts , Cac +255 pts , Nikkei +73 pts now , Crude @ $49.29 brl (+0.06), Brent @ $52.16 brl (+0.04) , Gold @ 1278.67 (+1.17), Silver @ $18.005 (+0.073), Euro @ $1.0865, JPY @ $109.6400, INR @ $64.430

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.2713%

Today's Corporate Action
25th Apr  Ex Date


SANOFI
Final Dividend - Rs. - 50.0000


Today's Key Result
25th Apr


Wipro (Cons 2092 cr -6% Yoy Time-After Mkt)
Canfin Homes,ICICI Prud,Idfc Bank,Int Paper,Kewal Kiran,Lic Housing,M&M Fin,Swaraj Eng,Welspun India,Zee Learn
Source-Cogencis


Today's Data Alert


Apr 25: Revenue Secretary Adhia, other finance ministry officials to brief
media on GST bills, related issues. 1100 IST, New Delhi.


Today's Global Data


Apr 25: Japan March Services Producer Price Index; 0520 IST

Apr 25: European Central Bank lending survey; 1330 IST

Apr 25: UK March Public sector finances; 1400 IST\

Apr 25: US the Retail Economist/Goldman Sachs Weekly Chain Store Sales Index
 for the week ended Apr 22; 1715 IST

Apr 25: US Johnson Redbook Retail Sales Index for the week ended Apr 22;
1825 IST

Apr 25: US February US monthly house price index; 1830 IST

Apr 25: US February S&P CoreLogic Case-Shiller Indices; 1830 IST

Apr 25: US April Richmond Federal Reserve business activity survey; 1930 IST

Apr 25: US April consumer confidence index; 1930 IST

Apr 25: US March new residential sales; 1930 IST

Apr 25: German Chancellor Angela Merkel meets Chinese Foreign Minister WangYi

Apr 25: Women20 meeting opens in Berlin as Ivanka Trump attends

Economic Times

Business Standard
Ø  RIL beats Street again, profit grows 11.54% YoY 
Ø  Philips posts seven fold jump in profits in Q1
Ø  Jet adds 22 new flights across domestic network
Ø  Unitech given stern warning by Supreme Court
Ø  'TCS, Infy accounted for only 8.8% of total H-1B visas'
Ø  Lankan trade union against IOC's Trincomalee refinery
Ø  Govt eyeing neighbours to boost pharma exports

Ø  Rel Jio net loss widens to Rs 22.5 cr in Oct-March period
Ø  Tata Power may sell cross-holdings over Mundra tariff order
Ø  Small funds to complain on IPO allotment to Sebi
Ø  Wall Street surges, Nasdaq hits record on French vote result
Ø  RIL's oil & gas revenue drops 30.9% at Rs 5,191 cr
Ø  Logistics firms see better fleet utilisation under GST
Business Line

Mint
Ø  SBI, Credai team up to provide fillip to realty sector 
Ø  OIL crude production up 9.06%; ONGC up 3.32% 
Ø  Rcom, Aircel get shareholders' approval for merger
Ø  Dilip Buildcon bags taxi track construction project at Goa airport 
Ø  UltraTech net profit down 11% at Rs. 726 cr
Ø  First State Investments hikes stake in Cyient to 9.45%  

Ø  NHAI hits the road to woo investors for Rs5,000 crore masala bond sale
Ø  ONGC plans $11 billion investment to boost gas production by 30%
Ø  FIPB refers Gland Pharma FDI proposal to CCEA for approval
Ø  Rupee closes stronger against US dollar
Ø  TCS hired 11,500 in overseas markets in fiscal 2016-17
Financial Express

Financial Chronicle
Ø  FIPB refers Rs 4,315-cr Gland Pharma proposal to CCEA, clears 6 FDI proposals
Ø  Government to auction mines for coal-to-gas, CTL projects in FY18
Ø  Armed forces stores suspend sale of Patanjali's amla juice
Ø  Insurance companies should give terms & conditions with policy: NDCRC

Ø  Rs 1,600-crore booster likely to Incredible India 2.0 campaign
Ø  Paswan rules out raising duty on wheat import
Ø  Govt extends SIPP scheme for 3 years till March 2020

RIL Q4 Earnings

PAT at Rs 8,050 Cr Vs Rs 7,227 YoY; 

Total Income at Rs 75,970 Cr Vs Rs 56,330 Cr YoY

Other Income at Rs 1,371 Cr Vs Rs 2,141 Cr YoY

To Pay Dividend Of Rs 11/Share

Petrochemicals Sales at Rs 25,230 Cr Vs Rs 19,550 Cr YoY; 

Refining Sales at Rs 63860 Cr Vs Rs 40330 Cr YoY


GRMs at $11.5/bbl

Indiabulls Housing Q4

Net Profit Up 24.4% At Rs 840.5 Cr Vs Rs 675.5 Cr (YoY)

Calculated NII Up 14.7% At Rs 1,192.3 Cr Vs Rs 1,039.3 Cr (YoY), 

Gross NPA Unchanged At 0.85% (QoQ)

Net NPA Unchanged At 0.36% (QoQ), 

Average Loan Size At Rs 24 Lakh

ULTRATECH Q4

Standalone Net Profit At Rs 688.3 Cr Vs CNBC-TV18 Poll Of Rs 610 Cr 

Standalone Total Income At Rs 7739.5 Cr, 

Standalone EBITDA At Rs 1,518.3 Cr Vs CNBC-TV18 Poll Of Rs 1,150 Cr

Standalone EBITDA Margin At 19.6% Vs CNBC-TV18 Poll Of 18%⁠⁠⁠⁠

HEXAWARE Q1

Consol Net Profit at Rs 114 Cr; 

Consol Revenue From Ops at Rs 961 Cr

$ Revenue At $144.7 m Vs CNBC-TV18 Poll Of $140.5 m

EBIT Margin At 15.3% Vs CNBC-TV18 Poll Of 15.7%

NIFTY 50 VIEW

Nifty 50 (9119)

Nifty has closed on its previous all time high of 9119 very important level and 9080..9070 zone is positional support level.

If it holds here it can bounce back to 9170..9220 zone which is a very stiff resistance zone to cross on closing basis to catch uptrend.

NIFTY 50 VIEW

Nifty 50 (9119)

Nifty has closed on its previous all time high of 9119 very important level and 9080..9070 zone is positional support level.

If it holds here it can bounce back to 9170..9220 zone which is a very stiff resistance zone to cross on closing basis to catch uptrend.

NIFTY BANK VIEW

Nifty Bank (21551)

Nifty bank has hold the support of 21300..21400 zone.

Now when it trades above 21600..21640 zone on closing basis it can show 21900 levels.

Economic Times

Business Standard

Ø  FPI net inflow at Rs 18,890 crore in April so far

Ø  US accuses Infosys and TCS of cheating in H-1B visa lottery

Ø  IMF drops its last year's anti-protectionism pledge

Ø  Sebi lines up reforms for deeper markets

Ø  India's steel output likely to rise 6% to 89 million tonnes 

Ø  FM Jaitley flags H-1B concerns with US Treasury Secy

Ø  L&T Fin plans to sell MF arm, seeks Rs 2Kcr valuation



Ø  Mazagon Dock, Goa Shipyard likely to merge

Ø  IMF members set aside trade split as French vote rattles nerves

Ø  India Post Payments Bank to start selling MF, insurance products by Mar '18

Ø  IT dept to challenge ITAT relief to Cairn Energy in HC

Ø  NSE to delist Deccan Chronicle, Koutons Retail, 17 others

Business Line



Mint

Ø  Mega defence deals in the pipeline during PM’s visit to Israel 

Ø  Financial institutions feeling fintech heat, says PwC study

Ø  NCDEX to launch rapeseed mustard oil cake futures on April 24

Ø  USFDA issues 11 observations for Sun Pharma’s Dadra facility

Ø  USFDA issues warning letter to Divis Labs’ Vizag unit  



Ø  Sovereign gold bonds priced at Rs 2,901 per gm, issue opens on Monday

Ø Remittances to India dropped by nearly 9% in 2016: World Bank

Ø  Niti Aayog suggests 300 action points to accelerate the Indian Economy

Ø  Finance ministry in talks with PSBs to get a fix on growth plans, funding

Ø  Oil prices fall over supply fears, stocks slip before French election

Financial Express



Financial Chronicle

Ø  Economy to grow over 3-fold to $7.25 trillion by 2030: Niti Aayog

Ø  PMO ask departments to provide enabling framework to attract FDI

Ø  TCS hired 11,500 people in offshore markets in FY17

Ø  GST to boost growth by 4.2%, make products cheaper: US Fed paper

Market Update

Sgx Nifty +1 pts
‎Dow -30.95 pts ,Nsdq -6.25 pts , S&P -7.15 pts , Bovespa Clsd , Ftse -4 pts , Dax +21 pts , Cac -18 pts , Nikkei +243 pts now , Crude @ $49.73 brl (+0.11), Brent @ $52.58 brl (+0.14) , Gold @ 1274.50 (-14.60), Silver @ $17.890 (-0.047), Euro @ $1.0858, JPY @ $109.9500, INR @ $64.649





Today's Corporate Action
24th Apr  Ex Date



AVANCE - Consolidation of Shares





Today's Key Result
24th Apr


Reliance
Ultratech Cemco
Hexaware,India bulls Finance,Jswhl,Persistence,Rallis,Sanwaria,Wendt
Source-Cogencis


Today's Data Alert



Apr 24: RBI to auction 323-day T-bills worth 250 bln rupees under MSS.

ACC Q1

Standalone Net Profit Down 9.8% At Rs 211.5 Cr Vs Rs 234.6 Cr (YoY), 

Standalone Income Up 8.7% At Rs 3666.8 Cr Vs Rs 3373.1 Cr (YoY)

Cement Sales Volume At 6.6 mt Vs 6.36 mt (YoY), 

Standalone EBITDA Down 7.9% At Rs 451.9 Cr Vs Rs 490.6 Cr (YoY)

Standalone EBITDA Margin At 12.3% Vs 14.5% (YoY), 

Concrete Sales Volume Up 7.5% At 0.72 mt Vs 0.67 mt (YoY)

HDFC Bank Q4

Net Profit At Rs 3,990 Cr  

NII At Rs 9,055 Cr;

NIM At 4.3% & Gross NPA Unchanged At 1.05% QoQ

Total Income at Rs 21,560 Cr;

Provisions At Rs 1,262 Cr Vs Rs 662.5 Cr (YoY); Rs 715.8 Cr (QoQ);


Net NPA At 0.33% Vs 0.32% (QoQ

NIFTY BANK VIEW

Nifty Bank (21491)

Nifty bank opened gap down yesterday but recovered latter and gave a close with an inverted hammer reversal pattern.

21300..21400 is a support zone.

To resume uptrend it has to trade above 21580..21600 zone.

Below 21300 selling pattern will be active to slide nifty bank to 20900.

NIFTY 50 VIEW

Nifty 50 (9136)

Nifty has shown a reversal pattern yesterday it can show 9210 today with the support of 9070....9119.

If trades below 9070 it can fall to 9000.

Business Standard

Ø  Govt mulling to transfer control of ITDC hotels

Ø  Panel summons Urjit Patel again on note ban issue

Ø  RBI panel maintains hawkish stance, warns of inflation

Ø  Australia makes immigration next to impossible

Ø  Record of goods lost, stolen, to be maintained in GST

Ø  US' Conduent sues Cognizant for 'contract breach'

Ø  Coal India seeks longer contracts for power sector

Ø  Major FPIs shift base after new tax treaties

Ø  DoT seeks Trai views on spectrum auction of unsold airwaves

Ø  Half of PSBs can be impacted by revised PCA framework: Fitch

Ø  Hindustan Zinc Q4 net profit rises 42% to Rs 3,057 crore

Ø  US weekly jobless claims up; continuing claims hit 17-year low

Mint

Ø  India records impressive growth in recent years: IMF

Ø  I-T seeks Rs. 30K-cr penalty from Cairn for non-payment tax

Ø  Supreme Court allows NDMC to e-auction Taj Mansingh

Ø  Suzlon wins 100 MW wind power project from ReNew Power

Ø  Rel Defence and Engg gets lenders’ approval to exit CDR

Ø  P-note investments hit 4-month high of Rs. 1.78 lakh cr in March  

Ø  Oil ministry red-flags ‘Sunday Closed’ move of petrol pump operators

Ø  New RBI rules on provisioning, bad loans seen taking a toll on banks

Ø  Dewan Housing Finance may sell majority stake in Aadhar Housing Finance

Ø  Yes Bank first casualty in RBI’s rule to pull out bad loan skeletons

Financial Chronicle

Ø  Allahabad High Court orders sealing of over 1,000 flats in Greater Noida

Ø  Domestic air passenger traffic up by 15% in March

Ø  Boost for infrastructure; Center allows direct foreign lending

Ø  IMF may fund Greek bailout with small amount, for one year – Greek Government

Ø  Rural income: Expect 10% YoY growth in FY18

Ø  Visa curbs to hit US companies in India, cautions Sitharaman