NIFTY BANK VIEW

Nifty Bank (22769)

Nifty bank has made multiple hammers with a double top of 22978..22977  in positional charts and neutral doji in short term charts.

Below 22760 it can slide to 22600...22500 

Above 22800 it can rise to 22940 levels

NIFTY 50 VIEW

Nifty 50 (9427)

Nifty has given a close near its support and bounce back zone if bounce back from here it can resume to 9520.

If maintains below 9420 it can show 9390..9360 zone.

Business Standard

Ø  SoftBank's Vision Fund raises $93 bn in its first close

Ø  Small e-comm vendors will have to pay GST upfront

Ø  EPFO to take call on raising ETF investment to 15%

Ø  Govt initiates work on shifting financial year

Ø  India doesn't have a lot to lose by boycotting OBOR

Ø  LIC investment income at Rs 1,80,117 crore in 2016-17

Ø  Oil firms may take a Rs 25,000 crore hit from GS

Ø  Turnaround stories bump up corporate profits

Ø  CPI inflation may come down by 2% by year-end: Adhia

Ø  Bajaj Auto in recovery mode in FY18 after note ban; BS-III ban hit sales

Ø  UP sugarcane arrears at Rs 3,500 cr, 90% owed by private mills

Ø  Zuari Agro Chemicals approves Rs 1,300 cr to revamp ammonia-urea plants

Ø  BPCL to lay 20-inch insulated pipeline to boost capacity in Kochi refinery

Business Line



Mint

Ø  GST to cut inflation by 2%, create buoyancy in economy: Adhia

Ø  Govt initiates work on shifting financial year to Jan-Dec

Ø  FPIs stay bullish on India, pump in $2 billion in May

Ø  Natco Pharma gets green nod for Rs. 480-cr expansion project

Ø  'Indian govt working with stakeholders to devise new rules for clinical trials'

Ø  Countries acting alone pose main risk to trade system, says WTO

Ø  Oil ministry may block PSUs buying GDF International's 10% stake in Petronet LNG

Ø  BSE to shift 17 firms to restricted trading segment for non-compliance of listing rules

Ø  Motherson Sumi lines up Rs2,000 crore capex for FY18

Ø  Corporation Bank Q4 profit at Rs159.98 crore on lower provisions

Financial Express



Financial Chronicle

Ø  India to have science infrastructure sharing policy soon

Ø  India’s economy to improve, cost of funds may rise: Report

Ø  FPIs stay bullish on India, pump in $2 billion in May

Ø  Consumer durables firms anticipate July-August sales dip on GST

Ø  LIC’s equity play pays off in spades

Ø  Richemont buys duty-free stake in Dufry AG amid AI talk

Ø  Banks and borrowers to settle NPAs, hints Lavasa

Ø  Falling oil prices gave no relief to consumers

Ø  Exporters to get tax refund under GST within 7 days: Nirmala

Market Update

Sgx Nifty +22 pts
‎Dow +141.82 pts ,Nsdq +28.57 pts , S&P +16.01 pts , Bovespa +1042 pts , Ftse +34 pts , Dax +48 pts , Cac +34 pts , Nikkei +54 pts now , Crude @ $51.11 brl (+0.44), Brent @ $53.77 brl (+1.26) , Gold @ 1257.05 (+3.45), Silver @ $16.989 (+0.19), Euro @ $1.1204, JPY @ $111.2800, INR @ $64.459

Today's Corporate Action
22nd May  Ex Date

CASTROL
Dividend - Rs. - 4.5000
PHL
Amalgamation 

Today's Key Result
22nd May

Gail
Allcargo,Banco India,Bank of India,Deepak Spinner,Engineers India,Godrej Inds, Lakshmi Machine,Lypsa Gems, Mindtek, Munjal Auto,Multibase, Shardacrop,SRF, Texmaco Infra,Venkys Ind,
Source-Cogencis

SBI Q4

Net Profit At Rs 2,814 Cr Vs CNBC-TV18 Poll Of Rs 2,832.3 Cr

Gross NPA Up 3.7% At Rs 1.12 Lk Cr Vs Rs 1.08 Lk Cr (QoQ);

Net NPA (GD)5.1% At Rs 58,277 Cr Vs Rs 61,430 Cr (QoQ)

Provisions At Rs 11,740 Cr Vs Rs 8,942.8 Cr (QoQ)

Have Invoked S4A/SDR In 10 Accounts Worth Rs 5,169.5 Cr As On March 31;

Slippages At Rs 9,755 Cr Vs Rs 10,357 Cr (QoQ)

NIFTY BANK VIEW

Nifty Bank (22698)

Nifty Bank yesterday  gave a gap down opening but filled the gap.

It has given a closing near its support zone of 22440-22700.

It has always resumed from this support zone with higher low.

This time if resumes back it can head towards high if breaks 22400, it can show 22200-22300 for the day.

NIFTY 50 VIEW

Nifty 50 (9429)

Nifty yesterday gave a gap down opening but filled the gap and maintained above 9400.

Though it has given a closing with an inverted hammer.

 If holds 9400 it can resume again to uptrend towards 9500.

If breaks 9400 it can slide to 9370-9270.

Market Update

SGX Nifty +19 pts
‎Dow +56.09 pts ,Nsdq +43.89 pts , S&P +8.69 pts , Bovespa -5943 pts , Ftse -67 pts , Dax -41 pts , Cac -261 pts , Nikkei -22 pts now , Crude @ $49.45 brl (+0.10), Brent @ $52.49 brl (+0.03) , Gold @ 1248.68 (-4.12), Silver @ $16.667 (-0.00), Euro @ $1.1111, JPY @ $111.3900, INR @ $64.881

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.2277%


Today's Corporate Action
19th May  Ex Date

ARONICOMM
Amalgamation 
NESTLEIND
Final Dividend - Rs. - 23.0000
NESTLEIND
Interim Dividend - Rs. - 15.0000

Today's Key Result  19th May

Grasim(Cons 787 cr +13% Yoy Res During Mkt)
SBI(2891cr +125% Yoy Res During Mkt)
Tata Power( Cons Loss 49 cr Res During Mkt)
Abbot India,Action Const,Atlas Cycle,Bharat Bijlee,Camlin Fine,Claris Life,Elecon Eng,Electrosteel Cast,FM Goetz,Future Ent,Gkw,GlaxoSmithKline Pharma,HT Media,IFCI,Just Dial,Kec Int,Kesar Ent,Motherson Sumi,Munjal Showa,RCF,Sintex,Sunil Hitech,Suzlon,V-Guard,Zuari Agro,Zuari Global
Source-Cogencis

Today's Data Alert 


May 19: Second day of Goods and Services Tax Council's meeting to discuss
fitment of goods and services in tax slabs. 1030 IST, Srinagar.

May 19: TERM REPO: 14-day variable rate term repo for 210 bln rupees Bids to
be submitted between 1100 and 1130 IST.

May 19: CPI for rural and farm labourers for April, by Labour Bureau.

Today's Global Data

May 19: US money stock measures; 0130 IST

May 19: US Federal discount window borrowings; 0130 IST

May 19: US Foreign central bank holdings; 0130 IST

May 19: UK April Knight Frank house price sentiment index; 0431 IST

May 19: Japan April nationwide department store sales; 1100 IST

May 19: Japan April Tokyo area department store sales; 1100 IST

May 19: Germany April Producer Price Index; 1130 IST

May 19: EU March Euro area balance of payments; 1330 IST

May 19: UK April capital issuance; 1400 IST

May 19: European Union Jan-Mar balance of payments - first release; 1430 IST

May 19: UK May CBI monthly industrial trends survey; 1530 IST

May 19: Federal Reserve Bank of St. Louis President James Bullard to speak;
1845  IST

May 19: US April regional & state employment & unemployment report; 1930 IST

May 19: US Jan-Mar advance services; 1930 IST

May 19: European Union May FCCI Flash Consumer Confidence Indicator; 1930
IST

May 19: Germany G20 labour ministers meeting concludes

May 19: US President Trump begins Saudi Arabia/Israel/Palestine/Vatican
City/Italy/Belgium trip

May 19: European Union Council of Europe Committee of Ministers session

May 19: Germany G20 Health Ministers Meeting

CESC Q4 Standalone

PAT At Rs 295 Cr Vs CNBC-TV18 Poll Of Rs 222 Cr;

Rev At Rs 1,572 Cr Vs CNBC-TV18 Poll Of Rs 1,574 Cr

EBITDA Margin At 13% Vs CNBC-TV18 Poll Of 26%;

Regulatory Income At Rs 341 Cr Vs Rs 49 Cr (YoY)

NIFTY BANK VIEW

Nifty bank (22935)

Nifty bank has given a close with a hanging man  candle formation with a double top 22978..22977 which is a selling pattern for the day 
BE CAUTIOUS in long 
below 22830 it  can show
22580..22450 levels 
Uptrend to resume only above 23000

NIFTY 50 VIEW

Nifty 50 ( 9525)

Nifty can show today a gap-down opening as sgx is trading @  9477

Today's gap down can act as buying dip for investors.

Closing below 9340..can reverse the uptrend.

As mentioned yesterday and before 9540 is the completion of the monthly range of nifty it made a high of 9532.

To resume to uptrend nifty has to trade above 9540 on closing basis 
As of now it is acting as resistance level.

Business Standard

Ø  US' debt back at record high after a decade

Ø  Panel to examine financial stress in telecom sector

Ø  RInfra asks for quick payment of arbitration win

Ø  Govt mulls easing FDI in print media, construction, retail

Ø  Rs 2.6 tn of bank credit may slip in next 12-18 months

Ø  Affordable housing contributed over 50 per cent to sales in Q3 FY17: Survey

Ø  Hindustan Unilever Q4 net up 6% at Rs 1,183 cr

Ø  Vodafone-Idea deal faces Sebi questions

Ø  S&P braces for worst day since Sept on concerns over Trump's reforms

Ø  Tata most valuable brand, Airtel at number 2

Ø  Infosys to hire nearly 20K engineers from campuses next yr

Ø  Sebi cracks whip on credit rating agencies in Amtek Auto case

Business Line



Mint

Ø  GST Council to meet on May 18 to fix rates on goods, services

Ø  Cabinet clears proposal to build ten atomic reactors

Ø  Paytm to start payments bank operations from May 23

Ø  Mukesh Ambani leads Forbes list of Global Game Changers

Ø  Jubilant gets USFDA nod for generic hypertension drug

Ø  Cabinet approves restructuring of Hindustan Organic Chemicals

Ø  Union cabinet approves new coal linkage policy, pushes nuclear power plants

Ø  Banks to add $41 billion of bad loans by 2018/19

Ø  JSW Steel Q4 profit triples to Rs1,009 crore

Ø  Warburg Pincus sells its 25% stake in Capital First

Ø  IFC to invest $40 million in Tata Cleantech bonds

Ø  L&T Tech to hire 2,500 Indians in FY18, step up US recruitment

Financial Express



Financial Chronicle

Ø  PM Modi-led Cabinet approves pharma mission to develop bio pharmaceuticals

Ø  Sebi sets position limit for cross-currency futures and options contract

Ø  Apple said to plan laptop upgrades as Microsoft enters market

Ø  Exports rising despite global headwinds: Nirmala Sitharaman

Ø  Four sugar mills surrender 23K tonnes import quota

Ø  Telecom’s stressed fin health triggers IMG

Ø  Britain’s state-rescued Lloyds bank back in private hands

Ø  South Korea says high possibility of conflict with North

Ø  NSEL investors get SFIO mail

Market Update

Sgx Nifty -82 pts
‎Dow -372.82 pts ,Nsdq -158.63 pts , S&P -43.64 pts , Bovespa -1144 pts , Ftse -18 pts , Dax -172 pts , Cac -88 pts , Nikkei -360 pts now , Crude @ $49.08 brl (+0.01), Brent @ $52.08 brl (+0.02) , Gold @ 1259.83 (+1.13), Silver @ $16.935 (+0.02), Euro @ $1.1153, JPY @ $111.1600, INR @ $64.270


🔹US GENERIC GOVT. 10-YEAR YIELD : 2.2295%

Today's Corporate Action
18th May  Ex Date
LKPFIN
Dividend - Rs. - 2.0000
WIDIA
Interim Dividend - Rs - 2.0000

Today's Key Result
18th May
Bajaj Auto
Abirlanuvo,Arshiya,Autoaxle,Bajaj Holding,BOB,CESC,Coffee Day, Cummins,Dwarkesh Sugar,Eid Parry, GIPCL,IDBI,Indo Rama,Jyoti Lab, Laurus Lab,Mangalore Chem,Muthooth Fin, NFL,Pen Inds,Pidilite,Stride Arco,Td Power, Vip Inds

Today's Data Alert 
May 18-19: Goods and Services Tax Council to discuss fitment of goods and
Services in tax slabs. 1030 IST, Srinagar.

Today's Global Data
May 18: Japan Jan-Mar first preliminary quarterly GDP estimates; 0120 IST 

May 18: UK April retail sales figures; 1400 IST 

May 18: European Central Bank accounts of its last monetary policy discussions; 1700 IST 

May 18: US unemployment insurance weekly claims report for the week ending May 13; 1800 IST 

May 18: US weekly export sales for the week ending May 11; 1800 IST 

May 18: Federal Reserve Bank of Philadelphia business outlook survey for May;1800 IST 

May 18: US consumer comfort index; 1915 IST 

May 18: US April leading indicators; 1930 IST 

May 18: US Energy Information Administration weekly natural gas storage report for the week ending May 12; 2000 IST 

May 18: Federal Reserve Bank of Cleveland President Loretta Mester to speak; 2230 IST 

May 18: US President Donald Trump meets visiting Colombian president 

May 18: Federal Reserve Bank of St. Louis' Homer Jones Memorial Lecture 

May 18: Germany G20 labour ministers meeting

JSW STEEL Q4

Cons Net Profit At Rs 1,008.6 Cr Vs Rs 300.7 Cr (YoY), 

Revenue Up 52.5% At Rs 17,917 Cr Vs Rs 11,747 Cr (YoY)

Cons EBITDA Up 64.5% At Rs 3,164.7 Cr Vs Rs 1,924.4 Cr (YoY), 

EBITDA Margin At 19% Vs 18.1% (YoY)

ALLAHABAD BANK Q4 EARNINGS

PAT Rs 111 Cr Vs Loss Of Rs 581 Cr YoY; 

Provisions at Rs 1,430 Cr Vs Rs 2487 Cr, Down 42.50% YoY

Gross NPA At 13.09% Vs 12.51% (QoQ)

Net NPA At 8.92% Vs 8.65% (QoQ)

NIFTY BANK VIEW

Nifty Bank (22928)

Nifty Bank is heading towards its all time high of 22977.

It can break this time and show 23000..23100...23140.

Support zone is @ 22800..22700.

NIFTY 50 VIEW

Nifty 50 (9512)

Nifty gave a gap up opening and showed our predicted zone of 9520 with a high of 9517. 

Now 9420-9410 can act a zone of support. 

The monthly range for nifty can end around 9520..9540 zone but as it is in an uptrend and rally mode if 9540 crosses on closing and maintain basis it can head towards 9680.

Nifty has been following a style of uptrend as entering into a new hundreds zone and not breaking it. This has been done by nifty from 8000 area to 9400 and so this time its 9500 if holds again it can head towards all new hundreds zone in coming weeks

MARKET UPDATE

Dow : 20979.          -2       -0.01%

Nasdaq : 6169    +20      +0.33%

S&P500 : 2400       -1       -0.07% 

VIX :V10.65       +0.23      +2.21%

Nikkei :19814      -105      -0.53%

Infy : +0.93%,            Wit : +1.66%

Ttm : +0.83%,           Rdy :  -0.19%

Hdb : +0.41%,           Ibn :+2.01% 

SBID : +2.70%,          RIGD : +0.36%

Us/INR : $ 64.03      Eu/Us :1.10

DIX : 98.07,              JPY : 112.56

Gold : $ 1244,          Silver : $ 16.91

Oil : $ 48.05,             Brent : $ 51.08

US10-YR : 2.298%       -0.029

SGX Nifty : 9539.00   +23.00

Economic Times

Business Standard

Ø  India third worst hit nation by ransomware Wannacry

Ø  India ranked second in renewable energy index

Ø  91 lakh persons come under tax net post note ban: Jaitley

Ø  LIC's profit from mkts up 72% at Rs 19K cr in FY17

Ø  Gems & jewellery trade ready for GST roll out from July

Ø  TCS gets structural makeover with renewed focus on going digital



Ø  Tata Steel agrees to UK pension deal

Ø  1% tax at source under GST likely for online sellers

Ø  M&A activity in India's payment sector flourishing: VCCEdge

Ø  Tata Steel's Q4 consolidated net loss narrows 62% to Rs 1,168 cr

Ø  Sugar mills want complete exemption from packing in jute bags

Ø  Mswipe to acquire PayU's offline POS business operations

Business Line



Mint

Ø  Over 48,000 attempts of WannaCry ransomware attacks detected in India: Quick Heal

Ø  BHEL bags ₹233-cr order from Ramagundam Fertilizers

Ø  China, India dominate coal ownership amid divestments: Report

Ø  CBI initiates investigation on Chidambaram, son as government hails ‘clean money’

Ø  Future Group enters joint venture to open ‘fbb’ stores in West Asia



Ø  EPFO looks to invest Rs18,000 crore in stocks

Ø  Indian Oil to enter MSCI India index, Divis Lab out

Ø  Sensex closes at new peak of 30,583 points, Nifty scales 9,500

Ø  FSSAI to define junk food before imposing additional tax

Ø  Maruti Suzuki CEO: Not possible to shift to electric cars immediately

Ø  EPFO reduces claim settlement period to 10 days

Financial Express



Financial Chronicle

Ø  Experts 'insufficiently critical' on policy matters: CEA Arvind Subramanian

Ø  United Nations revises downward India's GDP growth for 2017

Ø  Eurozone needs more than Germany for breakout growth

Ø  Snapdeal’s sale to Flipkart yet to get approval of Ratan Tata and Azim Premji: Report



Ø  Vodafone dials up € 6.3B loss over India troubles

Ø  Rupee turns weaker against dollar, down 6 paise

Ø  Rupee gets stronger, may cause job losses in IT sector

Ø  Truck, bus tyre imports touch new heights

Ø  Monsoon likely to hit Kerala coast on May 30

NIFTY BANK VIEW

Nifty Bank (22821)

Nifty Bank has reversed yesterday from the support zone of 22500.
  
Now it can rise to 23000-23200.

Support zone is @ 22500.

If breaks support zone it can show 22400-22300.

NIFTY 50 VIEW

Nifty 50 (9445)

Yesterday Nifty faced resistance @ 9450 and traded in a very narrow range ending the day with a spinning top candle.

Today to trade above 9450 is important and above this level it can show good move to 9520-9540 zone. 

Below 9410 it can slide to 9360-9340 zone..

MARKET UPDATE

Dow : 20981        +85      +0.41%

Nasdaq : 6149    +28      +0.09%

S&P500 : 2402    +11      +0.48% 

VIX : 10.42        +0.02      +0.19%

Nikkei : 19964     +95      +0.48%

Infy : -1.05%,          Wit : +1.18%

Ttm : +0.41%,        Rdy : +5.18%

Hdb : +1.08%,        Ibn : +1.83% 

SBID : +1.40%,       RIGD : -0.00%

Us/Inr : $ 64.04     Eu/Us :1.09

DIX : 98.88 ,           JPY : 113.71

Gold : $ 1231,        Silver : $ 16.65

Oil : $ 49.02,           Brent : $ 51.95

US10-YR : 2.342%.     +0.004

SGX Nifty : 9497.00   +30.00

Business Standard

Ø  IMF alert on NPAs may've made RBI seek more power

Ø  Petrol price cut by Rs 2.16/ltr, diesel by Rs 2.10/ltr

Ø  'Coal to be India's energy mainstay for next 30 yrs'

Ø  Canada's pension fund to invest $1.2 bn in IndoSpace

Ø  Higher capex bumped up states' deficits to 12-yr high

Ø  SEBI approves TCS Rs 16,000 crore buyback plan

Ø  Firms must disclose securities deals above Rs 10L

Ø  Sebi unearths Rs 34,000-crore tax evasion

Ø  Govt to pay bankers to manage PSU IPOs

Ø  April exports rise 20% for eighth straight month at $24.6 bn

Ø  FICCI pegs India's 2017-18 GDP growth at 7.4%

Ø  Gems, jewellery export may hit $42 bn in FY18: GJEPC

Ø  HUDCO shares to go live on BSE from May 19

Ø  CBI busts foreign remittance scam worth over Rs 2,200 cr involving 13 firms

Business Line



Mint

Ø  No report yet of ‘WannaCry’ hit on Indian network: CERT-In

Ø  CSO to begin updating base year of national accounts, IIP, WPI

Ø  ICICI Bank cuts loan rates for affordable housing segment by up to 30 bps

Ø  Pharma companies face spurt in regulatory issues from US health regulator

Ø  ‘Advance Pricing Agreement’ programme bolstered tax certainty: KPMG Survey 

Ø  Govt issues critical alert over ransomware

Ø  Infosys, TCS, other Indian IT firms have new worry with surprise rupee rebound

Ø  SBI Card to merge two operating units: CEO Vijay Jasuja

Ø  LIC to clear Rosneft Essar Oil acquisition only after part payment of dues

Ø  Vedanta posts Q4 profit of Rs 1,410 crore aided by rally in prices

Ø  Zomato in talks to buy delivery start-up Runnr in $20 million deal

Financial Express



Financial Chronicle

Ø  PAN must for registration of companies with over Rs 20 lakh turnover

Ø  Anti-dumping duty imposed on certain glasses, radiators

Ø  Japan Post to swing to profit this year, still hungry for M&A

Ø  Dr Reddy’s launches generic hepatitis C drug in India

Ø  South Indian Bank Q4 net grows to Rs 75.5 crore

Ø  Upgrade ATMs to foil malware attack: RBI

Ø  Rupee gets stronger, may cause job losses in IT sector

Ø  China's economy slows in April as credit tightens

Ø  ICICI, HDFC escalate home loan war, cut rates

Ø  Sensex, Nifty at new highs as inflation cools  

NIFTY BANK VIEW

Nifty Bank (22671)

Nifty Bank has given closing for the week with an inverted hammer 
22500-22400 can act as a break or hold and reverse level for nifty bank for the upcoming week. 
Nifty bank when maintains above 22700 it  can again resume to show 22900-23000 levels

NIFTY 50 VIEW

Nifty 50 (9400)

Nifty has given a close above 9400 and has hold the support of 9360..9370 zone.

9350 can act as bounce back support for today and trade above 9440 can show 9520 soon.

MARKET UPDATE

Dow:20896        -22           -0.11%

Nasdaq:6121     +5          +0.09%

S&P500:2390     -3            -0.15% 

VIX :10.40          -0.20       -1.89%

Nikkei:19761.   -116         -0.59%

Infy:+0.07%,              Wit:+0.40%

Ttm:+0.93%,             Rdy: -0.47%

Hdb:+0.75%,              Ibn: -0.75% 

SBID:+0.22%,         RIGD: -0.00%

Us/Inr: $64.23          Eu/Us:1.09

DIX: 99.67 ,              JPY: 113.32

Gold:$1228,          Silver: $16.42

Oil: $47.79,           Brent: $50.77

US10-YR : 2.326%   -0.007

SGX Nifty: 9448.00   +30

Business Standard

Ø  'WPI base revision calls for new GDP estimates'

Ø  Telcos on high alert post global ransomware blitz

Ø  India jumps 73 spots to 26 rank in WB's power list: Goyal

Ø  Cyber attack hits 2L in at least 150 nations: Europol

Ø  I-T launches facility to correct PAN, Aadhaar error

Ø  Govt to spend Rs 11K cr on roads in Naxal areas

Ø  Underweight on IT and pharma sectors: Kotak MF

Ø  International tax wing of I-T Dept seeks end beneficiary details of P-notes

Ø  GST panel works out rates for 6,000 items

Ø  Steel exports surge 142%, imports down 23% in April

Ø  BSE to keep tabs on over 780 companies to check abnormal share price jumps

Ø  Investment facilitation issues not to be included in WTO agenda: India

Business Line



Mint

Ø  EPFO trustees likely to raise ETF investments to 15%

Ø  PE investments jump 69% to $3.16 billion in April

Ø  MFs asset base surges 41% to Rs. 3.09 lakh cr in FY'17

Ø  Adani plans to begin extracting coal from Carmichael project in 2020-21

Ø  Centre to come out with new Metro Rail policy: Venkaiah Naidu

Ø  Southwest monsoon arrives over Andaman & Nicobar Islands: IMD

Ø  Banks set to see higher provisioning on new norms next fiscal

Ø  Telcos’ financial woes: Panel to give recommendations in 3 months

Ø  Indian IT firms to layoff up to 2 lakh engineers annually for next 3 years’

Ø  Idea Cellular Q4 loss at Rs328 crore amid Reliance Jio onslaught

Ø  Piramal looking to expand in real estate financing

Financial Express



Financial Chronicle

Ø  Tech Mahindra enters into top 20 global tech services brands

Ø  Abu Dhabi's Mubadala plans to invest up to $15 bn in SoftBank fund

Ø  GST cloud hangs over excise mop-up as dealers hold up tight

Ø  Lower interest rate can help reap full benefit of cash ban: CII

Ø  Coffee Day Enterprises arm to acquire majority stake in 2 companies

Ø  Limit diesel, petrol vehicles; promote EVs: NITI Aayog

Ø  $1b profit for ArcelorMittal

Ø  Retail inflation falls below 3% as food prices cool

Ø  Dr Reddy’s Q4 net profit jumps 3-fold to Rs 337.6 crore

Ø  IBBI to put sick industries on fast track revival

Ø  Three MDs to collectively decide on LIC investments

NIFTY 50 VIEW

Nifty 50 (9422)

Nifty gave a gap up opening and covered the gap in the second half trading session.

Now 9400-9380 can act as support zone.

Resistance lies @ 9440.

Above 9440 it can show 9500.

Below 9380 it can slide to 9350-9340.

NIFTY BANK VIEW

Nifty Bank (22818)

Nifty Bank can hold support @ 22700 and when it maintains above 22980 it can show 23100 levels

Below 22700 it can shed to 22600 the bounce back zone for the day.

Business Standard

Ø  Russian Rosneft's $12.9 billion Essar Oil deal held up over debt issues

Ø  Tata earned $1 bn in FY16 from Rs 18K cr spend

Ø  Over 50% of our employees in US are locals: HCL

Ø  SoftBank gets Nexus' nod for selling Snapdeal to Flipkart

Ø  No capital gains load on genuine investments

Ø  InterGlobe Tech may sell 65% stake for $300 mn

Ø  Rating agencies inconsistent in their treatment of China, India: CEA

Ø  CCI to probe Idea, Voda, Airtel on Jio's complaint alleging cartelisation

Ø  R Infra wins Rs 2,950 cr arbitration award against DMRC

Ø  HUDCO IPO oversubscribed 79.49 times on final day of offer

Ø  Bank of England keeps interest at record low of 0.25%

Ø  Govt to shortlist 6 firms as strategic partners for defence manufacturing

Business Line



Mint
Ø  SBI clarifies ATM charge hike only for wallet customers

Ø  Adani, Tata Power trim supplies to Gujarat as tariff ruling skews cost

Ø  ’Easing crude prices good for India’s inflation, GDP growth’

Ø  Rupee trading strong at 64.38 on dollar selling, FII inflows 

Ø  Max India sponsors to increase shareholding by 4 % to 45 % 

Ø  Equity MF inflows hit 4-month high of Rs. 9,429 cr in April

Ø  Adani to decide on Australia mine in May even after Senate skips vote

Ø  RBI looks forward to juggling exchange rate and liquidity

Ø  HCL Tech Q4 net profit rises 12.3% to Rs2,325 crore

Ø  ICICI Prudential AMC to raise Rs700 crore commercial office fund

Ø  Top 7 IT firms including Infosys, Wipro to lay off at least 56,000 employees this year

Financial Express


Financial Chronicle
Ø  Rating agencies inconsistent in their treatment of China, India

Ø  OPEC wants ‘collective efforts’ to counter US oil output

Ø  US Fed to be cautious in balance-sheet normalisation: NY Fed chief William Dudley

Ø   Govt looks at Rs 80 per qtl hike in paddy MSP for 2017-18

Ø  Rating agencies take refuge in FRBM panel report

Ø  CCI to probe if telcos, COAI tried to block Jio

Ø  FMCG, agri-input stocks soar on better rain prospects

Ø  TVS Motor to strengthen presence in Central America

Ø  Strategic defence partnership details get tepid response

Market Update

Sgx Nifty -6 pts
‎Dow -23.69 pts ,Nsdq -13.18 pts , S&P -5.19 pts , Bovespa +187 pts , Ftse +1 pts , Dax -46 pts , Cac -17 pts , Nikkei -57 pts now , Crude @ $47.i3 brl (+0.00), Brent @ $50.74 brl (-0.03) , Gold @ 1225.27 (+1.07), Silver @ $16.346 (+0.08), Euro @ $1.0865, JPY @ $113.8200, INR @ $64.405


Today's Corporate Action
12th May  Ex Date


FRONTIER
Reduction of Capital


Today's Key Result
12th May

Dr Reddy ( Cons 414 +238% Yoy Res During Mkt)
ABFRL,Balmer Lawrie,Century Text,Dr Lal Path Lab,Ginni Filament,GIPCL,Hinduja Vent,Huhtamaki Ppl,Inox Wind,Jindal Stainless,Linde Ind,Nestle Ind,Neuland Lab,NDTV,Orient Bank,Orient Hot,Piramal Ent,PNB Housing,S H Kelkar,Sripipes,Titan Inds,Uco Bank,Venkys Ind
Source-Cogencis

Today's Data Alert 


May 12: Chief Statistician Anant to release new IIP series. 1700 IST, New
Delhi.

May 12: Index of Industrial Production for March, by CSO. 1730 IST.

May 12: CPI Combined inflation for March, by CSO. 1730 IST.


Today's Global Data


May 12: US foreign central bank holdings; 0200 IST

May 12: US money stock measures; 0200 IST

May 12: US Federal discount window borrowings; 0200 IST

May 12: Japan Apr money stock, broadly-defined liquidity; 0520 IST

May 12: European Union spring economic forecasts

May 12: G7 Finance Ministers and Central Bank Governors Meeting

May 12: European Central Bank Supervisory Board regular meeting in Helsinki

May 12: US Arctic Council Ministerial Meeting

May 12: Germany Mar balance of payments

May 12: Germany Q1 GDP - first release; 1130 IST

May 12: Germany Apr consumer price index; 1130 IST

May 12: European Union Mar industrial production; 1430 IST

May 12: US Apr consumer price index; 1800 IST

May 12: US Apr real earnings; 1800 IST

May 12: US Apr advance monthly sales for retail & food services; 1800 IST

May 12: US May University of Michigan Survey of Consumers - preliminary;
1930 IST

May 12: US Mar manufacturing & trade: inventories & sales; 1930 IST

NIFTY BANK VIEW

Nifty bank (22830)

Nifty bank broke the triangle consolidation pattern of previous trading sessions but did not close above it.

Today when it maintains above 22840 zone it can show 23000-23180.

Support zone lies @ 22700

NIFTY 50 VIEW

Nifty 50 (9407)

Nifty has broke the trapped range (9270..9380) of previous trading sessions with a positive pattern of bullish engulfing candle forming a close on a new high level of 9407.

It is heading towards 9500

Small hurdle can be 9440 

Support zone lies @ 9370..9380

Market Update

SGX Nifty +26 pts
‎Dow -32.67 pts ,Nsdq +8.56 pts , S&P +2.71 pts , Bovespa +1072 pts , Ftse +43 pts , Dax +8 pts , Cac +2 pts , Nikkei +17 pts now , Crude @ $47.45 brl (+0.12), Brent @ $50.33 brl (+0.12) , Gold @ 1218.46 (-0.44), Silver @ $16.230 (+0.02), Euro @ $1.0865, JPY @ $114.3100, INR @ $64.590

Today's Corporate Action
11th May  Ex Date

BJDUP
Reduction of Capital 
JMFINANCIL
Final Dividend - Rs. - 0.8500
MARATHON
Buy Back of Shares 

Today's Key Result
11th May

Hcl Tech (Cons 2083 cr +7% Yoy Res-Before Mkt)
Asian Paints (Cons 464 cr +14 Yoy Res-After Mkt)
Arvind Ltd,Bodhtree Cons,Force Motors,Glaxo Consumer Health,Glenmark Pharma,Granules,Gujarat Pipavav, ICRA, Igarshi Motors,ITD Cement,Magma Finance,MT Educare,Nilkamal,Plastiblend, Vesuvius Ind,Westlife Development
Source-Cogencis

Today's Global Data

May 11: UK Apr RICS residential market survey; 0431 IST

May 11: Japan Apr international transactions in securities; 0520 IST

May 11: Japan Mar balance of payments; 0520 IST

May 11: Japan Apr bank lending; 0520 IST

May 11: Japan Apr corporate insolvencies; 1000 IST

May 11: Japan Apr economy watchers survey; 1030 IST

May 11: European Union IMF regional economic issues report for central,
eastern and southeastern Europe; 1330 IST

May 11: European Central Bank economic bulletin; 1330 IST

May 11: UK Mar trade; 1400 IST

May 11: UK Mar index of production; 1400 IST

May 11: UK Q1 CML quarterly arrears and repossessions data; 1400 IST

May 11: UK Q1 mortgage and landlord possession statistics; 1400 IST

May 11: Germany Q2 Ifo World Economic Climate; 1430 IST

May 11: Bank of England inflation report; 1630 IST

May 11: Bank of England monetary policy meeting minutes; 1630 IST

May 11: Bank of England interest rate decision; 1630 IST

May 11: UK Apr NIESR monthly GDP estimates; 1730 IST

May 11: US Apr production price index; 1800 IST

May 11: US weekly export sales; 1800 IST

May 11: US unemployment insurance weekly claims report - initial claims for
the week ended May 5; 1800 IST

May 11: US annual GDP by State; 1800 IST

May 11: US Bloomberg consumer comfort index; 1815 IST

May 11: US EIA weekly natural gas storage report for the week ended May 5;
2000 IST