VIEW ON NIFTY 50

Spot Nifty broke the support level of 7800..7820 zone but giving close above with doji candle it is a good sign.

Monday if maintains above 7900 can bring upmove momentum and maintains below 7840..20...can again go in selling zone

Marico Q4

Cons Net Profit At Rs.138.4 Cr Vs CNBC-TV18 Poll Of Rs.131 Cr

Total Income At Rs.1,307 Cr Vs CNBC-TV18 Poll Of Rs.1,312 Cr

Overall Volume Growth At 10.5%

CALL OF 29/04/2016 FRIDAY

@ 12:36

Buy HDFC  may fut ltp 1099 

sl 1090 

trgt 1114

SL HIT

Ajanta Pharma Q4

Cons Net Profit At Rs.106.3 Cr Vs Rs.74.1 Cr (YoY)

Total Income At Rs.426 Cr Vs Rs.372 Cr (YoY)

CALL OF 29/04/2016 FRIDAY

@ 11:58

Buy Kotak Bank may fut ltp 716 

sl 710 

trgt 726

Sl hit

ICICI Bank Q4

Net Profit At Rs.702 Cr Vs CNBC-TV18 Poll Of Rs.3,115.1 Cr

Gross NPA At 5.82% Vs 4.72% (QoQ)

Net NPA At 2.98% Vs 2.28% (QoQ)

NII At Rs.5,404.5 Cr Vs CNBC-TV18 Poll Of Rs.5.565.2 Cr

CALL OF 29/04/2016 FRIDAY

@ 10:10

Intraday call 

SELL TATA MOTORS 

MAY FUTURE LTP 414 

SL 418 

TRGT 408

TRGT HIT

Market Update

Sgx Nifty -23 pts
‎Dow -210.79 pts ,Nsdq -57.85 pts , S&P -19.34 pts ‎, Bovespa -165 pts , Ftse +2 pts , Dax +21 pts  , Cac -2 pts  , Nikkei  Clsd , now, Crude @ $45.90 brl (-0.13), Brent @ $48.04 brl (+0.86) , Gold @ $1268.40 (+2.00), Silver @ $17.60 (+0.04), Euro @ $1.1355, JPY @ $108.0800, INR @ $66.5213



Today's Corporate Action
29th Apr Ex Date



None


Today's Key Results
29th Apr


Icici Bank (Cog Est Net 3131cr +7 % Yoy Time-After Mkt) 
Atul ltd, Digjam Ltd, Force Motor, Gic Housing,Inter Globe,IDFC,Kirloskar Ferro,Marico,Oberoi Realty,Rpg Life,Sanofi Ind,Shriram Trans,Tinplate, UPL Ltd

‎‎


Today's Global Data



Apr 29: US money stock measures; 0200 IST

Apr 29: US Foreign Central Bank holdings; 0200 IST

Apr 29: US Federal discount window borrowings; 0200 IST

Apr 29: UK April consumer confidence survey; 0435 IST

Apr 29: Germany March retail trade; 1130 IST

Apr 29: Eurozone April EuroCOIN indicator of euro area economic activity;1300 IST
‎
Apr 29: UK March Bank of England effective interest rates; 1400 IST

Apr 29: UK March monetary & financial statistics; 1400 IST

Apr 29: UK March money and credit - lending to individuals, lending to  businesses, broad money and credit; 1400 IST

Apr 29: UK Jan-Mar insolvency statistics; 1400 IST

Apr 29: Eurozone March unemployment; 1430 IST

Apr 29: Eurozone Jan-Mar preliminary flash estimate gross domestic product; 1430 IST

Apr 29: Eurozone April flash estimate euro area inflation; 1430 IST

Apr 29: US March personal income & outlays; 1800 IST

Apr 29: US Jan-Mar employment cost index; 1800 IST

Apr 29: US April ISM-Chicago business survey; 1915 IST

Apr 29: US April University of Michigan survey of consumers; 1930 IST

Apr 29: Japan Showa day Financial markets closed

Apr 29: Germany Chancellor Angela Merkel meets Latvian Prime Minister
Maris Kucinski

Apr 29: US/Eurozone trade negotiations 13th round concludes with press  conference

Economic Times

·         Lupin launches Methergine brand in US; drugmaker markets five brands in this market
·         Vijay Mallya effect: CVC tightens screws on loan verification
·         JSW Energy's power plant deals with JSPL hits a roadblock
·         IOC investing Rs 45K crore to expand refining capacity to meet demand
·         India Inc's external commercial borrowings drop 43% in March
·         Volkswagen not in talks with Apple, Google to start digital mobility business: Matthias Mueller
·         Mahindra Intertrade signs MoU with MSTC to set up India’s first auto shredding facility
·         Scooters to drive two-wheeler sales till FY20: Report
·         Online ICRA expects 8.5-9.5% growth in PVs and 13-15% growth in MHCV sales in FY17
·         Honda Cars expects sales to grow in double digits in 2016-17
·         Want capital? Step up recovery of your NPAs first, government tells state-run banks
·         Parag Milk Foods, Schreiber Dynamix get approval to export cheese to Russia
·         RIL entitled to recover cost on unviable gas discovery: Parliament's Public Accounts Committee
·         Godrej Consumer Products completes acquisition of Strength of Nature
·         Patanjali will shut the gate in Colgate, make Nestle's bird disappear: Baba Ramdev
·         Hotstar, Sony Liv gear up to take on Netflix in India
·         Walmart wants to sell food products in India via both brick-and-mortar and online stores
·         Airtel faces data penetration challenge amid competition
·         Air India losses to come down to Rs 2,636 cr: Government

Business Line

·         Kansai Nerolac sees shades of grey on rising input prices, import duties
·         Adani Power Mundra plant accident death toll mounts to 7
·         TTK Prestige forays into home cleaning market
·         HCC net falls 5% on flat income from operations
·         Biomax told to stop production
·         ADB funding to help Mytrah Energy to take up wind, solar projects
Akzo Nobel NV proposes JV with Atul Lt
·         Berger Paints, Nippon sign biz transfer pacts with BNB Coating
·         TVS Motor tops two-wheeler customer satisfaction study

Mint

·         Global exchanges eye rejig via BSE IPO
·         India asks UK to deport Vijay Mallya
·         ITNL in advanced talks to sell two road assets
·         I want to rewrite the 30-year-old history: Kenichi Ayukawa
·         Govt proposes to ban household paint with high lead content
·         Govt looks to divest stakes in two state-owned fertilizer companies
·         Infosys buys minority stake in US-based start-up Trifacta
·         Canara Bank raises Rs3,000 crore via Basel-III bonds
·         Mahindra Intertrade, MSTC to build auto shredding facility
·         Reliance Jio to raise up to Rs2,250 crore via debentures
·         LNG shipbuilding plans cross a milestone


Business Standard

·         Markets dive after Japan holds interest rates
·         Panel gives bankruptcy law overseas ambit
·         Tata Steel UK not willing to split assets: CEO
·         Renault & Datsun enter the Alto territory
·         India Inc's ECBs drop 43% in March
·         Essar Oil to double CBM production this year
·         We chose to focus on improving the operating income: Himanshu Kapania
·         NHPC OFS: Retail portion undersubscribed
·         Will Thyrocare IPO perform as smartly as Dr Lal Pathlabs?
·         Global exchanges eye rejig via BSE IPO

NIFTY BANK VIEW @ 09:05

Nifty bank (16716)

Nifty bank has given closing on its support zone of 16700

If holds 16700....16500 zone its good and rise again to higher levels.

But if fails to hold it can fill the gap of 16386..16526 and fall down to 15800 zone in coming days..

NIFTY VIEW @ 09:00

Nifty (7847)

Nifty is near its good support zone of 7800..7820 

If holds this it can rise again near 8000 but if breaks and gives closing below it than it fill the gap of 7663..7772 further fall to 7580..7540 zone in coming days..

Idea Q4

Net Profit At Rs 575.6 Cr Vs CNBC-TV18 Poll Of Rs 522 Cr

Revenue At Rs 9,484 Cr Vs CNBC-TV18 Poll Of Rs 9,438 Cr

NIFTY VIEW @ 08:54

Nifty 50 (7979)

Nifty yesterday consolidated and did not break its support of 7940 

if holds this support zone of 7940..7920 and croses 8000 it can again show gud momentum 

If breaks 7940 it can come down to strong support zone
7900..7880 

Positional sl for buy position in nifty is 7820 on closing basis⁠⁠⁠⁠

HCL Tech Q3

Net Profit At Rs 1,926 Cr Vs CNBC-TV18 Poll Of Rs 1,963 Cr

Dollar Revenue At $1,587 m Vs $1,566.1 m (QoQ)

Rupee Revenue At Rs 10,698 Cr Vs Rs 10,341 Cr (QoQ)

Market Update

Sgx Nifty +27 pts
‎Dow +51.23 pts ,Nsdq -25.14 pts , S&P +3.45 pts ‎, Bovespa +1400 pts , Ftse +35 pts , Dax +40 pts  , Cac +26 pts  , Nikkei  +236 pts , now, Crude @ $45.25 brl (-0.08), Brent @ $47.52 brl (+1.52) , Gold @ $1247.20 (-3.20), Silver @ $17.24 (-0.04), Euro @ $1.1326, JPY @ $111.3200, INR @ $66.4525



Today's Corporate Action
28th Apr Ex Date


CRISIL
Interim Dividend - Rs. - 5.0000
DLINK
Buy Back of Shares 




Today's Key Results
28th Apr



ACC (Cog Cons Est Net 202cr -14% Yoy Time-After Mkt)
Ambuja Cem (Cog Est Net 263 Cr -17% Yoy Time - After Mkt) 
Hcl Tech( Cog Cons Est Net 1945cr +16% Yoy Time - Before Mkt) 
Auto Stamp, Canfin Home, Dabur, Essel Prop, Granuels, Gtl Ltd, Idea, Kpr Mills, Kajaria Cer, Nirlon, Sqs bfsi, Tata Elxsi,Tata Metallic, Vedanta, Wendt

‎‎


Today's Global Data




Apr 28: UK March monthly automotive manufacturing figures; 0431 IST

Apr 28: Japan March labour force survey; 0500 IST

Apr 28: Japan March consumer price index (Nation), consumer price index
ex-food (Nation); 0500 IST

Apr 28: Japan April consumer price index (Tokyo), consumer price index
ex-Food (Tokyo); 0500 IST

Apr 28: Japan March household spending; 0500 IST

Apr 28: Japan March preliminary Industrial production; 0520 IST

Apr 28: Japan March preliminary retail sales; 0520 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 construction orders; 1030 IST

Apr 28: Japan March housing starts; 1030 IST

Apr 28: UK April nationwide house price index; 1130 IST

Apr 28: Germany April Saxony consumer price index; 1230 IST

Apr 28: Germany April Bavaria consumer price index; 1330 IST

Apr 28: Germany April labour market statistics (incl unemployment); 1330 IST

Apr 28: Germany April Brandenburg consumer price index; 1330 IST

Apr 28: Germany April Hesse consumer price index; 1330 IST

Apr 28: UK March Land Registry house price index; 1400 IST

Apr 28: Germany April North Rhine Westphalia consumer price index; 1400 IST

Apr 28: Eurozone April business & consumer surveys; 1430 IST

Apr 28: UK George Osborne questioned by MPs on eurozone membership; 1500 IST

Apr 28: Germany April Provisional consumer price index; 1730 IST

Apr 28: US Jan-Mar Advance estimate gross domestic product; 1800 IST

Apr 28: US unemployment insurance weekly claims report - initial claims for  week ended Apr 23; 1800 IST

Apr 28: US weekly export sales; 1800 IST

Apr 28: US Bloomberg consumer comfort index; 1915 IST

Apr 28: US Jan-Mar housing vacancies; 1930 IST

Apr 28: US EIA weekly natural gas storage report for week ended Apr 22; 2000 IST

Apr 28: US April Federal Reserve Bank of Kansas City survey of tenth
district  manufacturing index; 2030 IST

Apr 28: Bank of Japan outlook report

Apr 28: Japan monetary policy meeting decision

Apr 28: US/Eurozone trade negotiations 13th round stakeholder
presentations and chief negotiators briefing

Apr 28: Germany April Baden-Wuerttemberg consumer price index

Economic Times

Business Standard

Ø  US continues to keep India on IP priority watch list

Ø  Bankruptcy law okayed; good times over for wiful frauds

Ø  DIPP moves cabinet note on 100% FDI in food processing

Ø  Rise in pvt sector debt posing risk to economies: Fitch

Ø  Bharti Airtel Q4 net profit up 2.8%, beats estimates 

Ø  ED seeks to recall exemption given to Vijay Mallya

Ø  UN chief urges end to nuclear weapons testing

Ø  GST rollout, infra funding an uphill climb for India: Moody's



Ø  NHPC share sale subscribed 1.56 times

Ø  US Federal Reserve keeps rates unchanged

Ø  Biocon's Q4 net profit jumps 250% to Rs 361 crore on exceptional income

Ø  SC asks Sahara to submit list of all group assets

Ø  India likely to become net importer of sugar as drought dries fields

Ø  AgustaWestland not blacklisted under UPA rule: Govt

Business Line

Ø  Iran seeks interest on $6.5 bn due from Indian oil refiners 

Ø  Kerala gets first heat wave warning on blazing El Nino trail 

Ø  GNFC back in black with Rs. 226 cr profit in FY-16  

Ø  Walmart India awaits FDI policy guidelines for marketing food products

Ø  Adani’s mining project in Australia faces another legal hurdle

Ø  MCX copper slips below 200-day moving average

Mint

Ø  Indian stainless-steel-bar exporters may face renewed EU tariffs

Ø  Tata Steel UK’s pension hurdle could be £2.5 billion: Report

Ø  TPG Growth buys India-focused cancer treatment chain

Ø  Coromandel International’s net profit rises 35% in Mar quarter

Ø  Start-up report says 50% decline in funding in March quarter

Ø  Alembic Pharma net profit up 30%

Ø  Infosys buys minority stake in US-based start-up Trifacta

Financial Express                

Ø  India's World Bank ranking has improved: Nirmala Sitharaman

Ø  TRAI to take action for call drops to protect consumer

Ø  Indian Railways to harness 1000 MW solar power by 2020

Ø  Slow networks in India preventing Apple from full bloom: Tim Cook

Ø  4,983 complaints against UIDAI operators for charging money



Financial Chronicle

Ø  Dumping duty on telecom gear from Huawei, ZTE

Ø  Telephone subscriber base increases to 105 cr in Feb

Ø  Non-core income pushes Yes Bank net by 27%

Ø  KYC norms relaxed for import of gifts through courier

Ø  Thyrocare raises Rs 144 crore from anchor investors

Bharti Airtel Q4

Cons Net Profit At Rs 1,293 Cr Vs CNBC-TV18 Poll Of Rs 1,265 Cr

Cons Total Income At Rs 24,983 Cr Vs CNBC-TV18 Poll Of Rs 24,776 Cr

India Mobile Revenue At Rs 14,652 Cr Vs CNBC-TV18 Poll Of Rs 14,428 Cr

JSW Energy Q4

Cons Net Profit At Rs 305 Cr Vs CNBC-TV18 Poll Of Rs 329 Cr

Cons Total Income At Rs 2,681 Cr Vs CNBC-TV18 Poll Of Rs 2,620 Cr

YES BANK Q4

Net Profit At Rs 702 Cr Vs CNBC-TV18 Poll Of Rs 689 Cr

Gross NPA 0.76% Vs 0.66% (QoQ)

Net NPA At 0.29% Vs 0.22% (QoQ)

NII At Rs.1,241 Cr Vs CNBC-TV18 Poll Of Rs.1,214 Cr

NIFTY VIEW @ 09:07

Nifty 50 (7962)

Nifty in last two days broke the support level of 7840..7870 zone but did not close below it and yesterday rose above the stiff resistance level of 7946 on closing basis with a big Marubozu candle. 
Today if breaks the high of 7980 it can show 8060. 
[Levels given in our weekly report]. 

If fails to cross and maintain on closing basis above 7980 it can again come down to its support level of 7920 ...7860

MARKET UPDATE

SGX Nifty -16 pts 

Nikkei -54 pts , Hangseng -35 pts , NOW @6.57am , 

‎Dow +13.08 pts ,Nsdq -7.50 pts , S&P +3.91 pts ‎, Bovespa +1220 pts , Ftse +23 pts , Dax -34 pts  , Cac -12 pts  , Crude @ $44.50 brl (+0.46), Brent @ $46.40 brl (+1.92) , Gold @ $1244.80 (+1.40), Silver @ $17.16 (+0.05), Euro @ $1.1297, JPY @ $111.3200, INR @ $66.5237


Infy:+0.790%,       Wit:+0.33%
Ttm:+3.24%,         Rdy: -0.68%
Hdb:+0.70%,         Ibn: -0.00% 
SBID:+2.37%,     RIGD:+0.66%


Today's Corporate Action
27th Apr Ex Date


CASTROLIND
Final Dividend - Rs. - 5.0000
PAPERPROD
Dividend - Rs. - 2.8000


Today's Key Results
27th Apr


Yes Bank( Cog Est Net 676cr +23% Yoy Time-During Mkt)
Bharti Airtel(Cog Cons Est Net 1168cr -7% Yoy Time- After Mkt)
Alembic Pharma, Ceat Ltd, Elecon Eng, Exide Inds, Foseco, Gateway Dist, Gati ltd, Inox Leisure, Jsw Energy, Kansai Nerolac, Kpit, Lakshmi Vilas Bank, Shanti Gears

Business Standard

Ø  World Bank raises crude price forecast to $41 for '16

Ø  NPAs a huge threat to India's credit profile: Moody's

Ø  Maruti Q4 net falls 12%; dividend at Rs 35/share 

Ø  RIL may launch 4G services in 3 months; net $1 bn revenue: MS

Ø  Indian pvt defence industry divided over partnership

Ø  Cash crunch easing: RBI to conduct open market operation

Ø  Govt to sell 11.36% stake in NHPC tomorrow at Rs 21.75 a share

Ø  Wheat procurement sees 3-fold jump to 14.58 mn tonnes so far



Ø  Patanjali aims to beat Nestle, P&G & Colgate

Ø  SC asks govt to set up a panel to probe bad loan issue

Ø  IT dept to pay interest on delayed TDS refund

Ø  701 bad loan accounts owe PSU banks Rs 1.63 lakh crore

Ø  Axis Bank Q4 net dips after 46 quarters

Ø  Sebi ropes in HDFC Realty, SBI Capital for sale of Sahara assets

Ø  60% water cut for distilleries and breweries in drought-hit Marathwada

Business Line

Ø  Hindalco to sell Australian unit to Metals X

Ø  Apex Court orders Mallya to furnish overseas asset details of family

Ø  Onus on banks, insurers to deliver on crop insurance  

Ø  Maharashtra Cabinet approves draft Bill regulating pulse prices 

Ø  Service tax returns filing date extended to April 29

Ø  Oil prices edge up but concerns over Saudi output cap gains

Mint

Ø  SC dismisses plea challenging reappointment of Sebi chief

Ø  RBI to conduct OMOs on Thursday to infuse Rs 15,000 crore

Ø  India is the biggest virtual exporter of water

Ø  Maharashtra to seek World Bank loan for drought mitigation

Ø  State Bank of Mysore Q4 profit down 23% to Rs105 crore

Ø  Alipay raises record $4.5 billion to fund global expansion

Financial Express                

Ø  Sensex settles above 26K on firm global cues, corp earnings

Ø  Blackmoney: SC asks SIT to look into Bank of Baroda scam

Ø  Realtors say no scope for further cut in housing prices

Ø  Bharti Infratel Q4 Net jumps 19%; to buy back shares of Rs 2K cr

Ø  Govt owes over Rs 43,000 cr subsidy to fertiliser industry



Financial Chronicle

Ø  Oil, energy sector PSUs marked for stake sale: Govt

Ø  India narrowing gap with China on FDI inflows: Nomura

Ø  Despite mkt volatility, MFs add 59 lakh folios in FY16

Ø  Govt invites bids to sell 10% stake in Oil India

Ø  Centre sets up IMG to speed up state mines auction

Axis Bank Results

Net profit at 2154 cr vs 2027.50Cr Poll

NII  at 4552.6 vs 4295.7 poll

Gross NPA at 1.67% vs 1.68%

CALL OF 20/04/2016 WEDNESDAY

@ 09:34

Buy L&T abv 1260 

Intraday sl today's low [1248] 

sl 1230 

trgt 1283 /1294

FIRST TRGT HIT

MADE A HIGH OF 1286.50

BOOK 50% PROFIT 

TRAIL SL TO COST

Maruti Q4

Net Profit At Rs 1,133.6 Cr Vs CNBC-TV18 Poll Of Rs 1,240 Cr

Total Income At Rs.15,306 Cr Vs CNBC-TV18 Poll Of Rs.14,885 Cr

Sales Volume -3.7% At 3,60,402 Units (QoQ)

NIFTY BANK VIEW @ 09:45

Nifty bank is showing selling patterns it can show 16520/16360.

As mentioned yesterday if trades above 16770 only uptrend can resume.

NIFTY VIEW @ 09:40

Nifty 50 

Nifty has opened near support of 7810..7818.

If bounces from here it can see it rising to 7864.

If breaks 7810 zone selling takes over and it can show 7780.

NIFTY VIEW @ 09:40

Nifty 50 

Nifty has opened near support of 7810..7818.

If bounces from here it can see it rising to 7864.

If breaks 7810 zone selling takes over and it can show 7780.

Market Update

Sgx Nifty -6 pts
‎Dow -26.51 pts ,Nsdq -10.41 pts , S&P -3.79 pts ‎, Bovespa -1050 pts , Ftse -49 pts , Dax -79 pts  , Cac -23 pts  , Nikkei  -75 pts , now, Crude @ $42.94 brl (+0.30), Brent @ $44.73 brl (-0.37) , Gold @ $1239.50 (-0.70), Silver @ $17.01 (+0.00), Euro @ $1.1270, JPY @ $111.1400, INR @ $66.6175



Today's Corporate Action
26th Apr Ex Date


PALRED
Consolidation of Shares 
VESUVIUS
Dividend - Rs. - 6.2500
‎‎


Today's Key Results
26th Apr


Axis Bank( Cog Est Net 2366 + 9 % Yoy Time- After Mkt)
Maruti( Cog Est Net 1148cr -11% Yoy Time-After Mkt)
Bharti Infratel( Cog Cons Est Net 595cr +7% Yoy)
Agrotech,Alembic,Biocon,Gtl infra,Gnfc,Idfc Bank,Ksb Pump,Rallis, Raymond, Snowman Log,Swaraj Eng,Syngene




Today's Global Data


Apr 26: UK March British Bankers' Association main high street banking
groups   statistics; 1400 IST

Apr 26: US Retail Goldman Sachs weekly chain store sales data for week ended  Apr 23; 1715 IST

Apr 26: US March advance report on durable goods; 1800 IST

Apr 26: US Bank of Canada Governor Stephen Poloz speaks at Canada-US  Securities Summit; 1825 IST
‎
Apr 26: US Johnson Redbook retail sales index for week ended Apr 23; 1825
IST

Apr 26: US February Standard & Poor's home price index; 1830 IST

Apr 26: US April flash services manufacturing purchasing managers' index   ;1915 IST

Apr 26: US April Richmond Fed business activity survey; 1930 IST

Apr 26: US April consumer confidence index; 1930 IST

Apr 26: US Federal Open Market Committee meeting

Economic Times

Business Standard

Ø  India's oil import from Middle East rises to 59%

Ø  Banks need more funds or risk downgrade: Moody's

Ø  Govt may not dilute SUUTI stake in listed companies this fiscal

Ø  AIA increases stake in Tata AIA life to 49%

Ø  India banned import of milk, some mobile phones from China

Ø  P-Notes investment climbs to Rs 2.23 lakh crore

Ø  Infosys, Wipro may pay large sums for mega deals

Ø  Job creation, social security are key issues: Rajan 



Ø  RIL petroleum export volume remains above 10 mt

Ø  DIPAM may issue fresh norms for PSU buybacks

Ø  FinMin approves 8.7% interest on EPF for 2015-16

Ø  Rajya Sabha ethics panel recommends Vijay Mallya's expulsion

Ø  FinMin raises monetary limit for filing appeals in tax cases

Ø  Sebi tightens proprietary trading norms in commodity derivatives

Ø  US approves billion-dollar arms deal with Australia

Business Line

Ø  Over two lakh new Central government jobs by 2017

Ø  FDI at record $51 bn in 11 months of FY16: DIPP

Ø  UltraTech net up 10% in March quarter on higher volume

Ø  NPS plans new schemes with more equity exposure 

Ø  Govt hikes minimum wage for contract workers to Rs. 10,000 

Ø  Cottonseed sales seen stagnant at 4.40 cr packets

Mint

Ø  Power demand forecast cut to adjust for energy efficiency

Ø  Blackstone set to buy retail space from L&T Realty for Rs1,450 cr

Ø  Standard Chartered’s stressed assets sale finds few takers

Ø  Equitas sells additional 4% stake to Franklin Templeton

Ø  Indiabulls Real Estate Q4 profit falls 36% to Rs58.91 crore

Ø  Eicher launches light truck to take on Tata Motors

Financial Express                

Ø  Sensex ends 159 points down, Nifty settles at 7,855;

Ø  India's economic indicators 'promising': Arvind Subramanian

Ø  RBI Guv  warns against deep discount model in startup space

Ø  Panic button must for all new mobile phones from January 1

Ø  Kalpataru Power Tran bags new orders worth Rs 1,150 cr

Ø  Jewellers back on strike, shops shut for 3 days on excise duty



Financial Chronicle

Ø  Start saving early for good retirement corpus: study

Ø  MP rotation in RS may tilt the scales for GST: DBS

Ø  Auto ancillaries may see 8-10% growth in FY17

Ø  Fed & BoJ meetings, earnings to guide market this week

Ø  Natural rubber likely to see bull run until June

Ø  Concern over India's nuclear liability law still remains

UltraTech Q4

Standalone Net Profit At Rs 681.4 Cr Vs CNBC-TV18 Poll Of Rs 604 Cr

Standalone Total Income At Rs.6503.6 Cr Vs CNBC-TV18 Poll Of Rs.6,414 Cr

Standalone Operating Profit At Rs.1,352.7 Cr Vs Poll Of Rs.1,230 Cr

I-bulls Real Q4

Net Profit At Rs.58.9 Cr Vs Rs.93.1 Cr (YoY)

Total Income At Rs.669 Cr Vs Rs.614.1 Cr (YoY)

MARKET UPDATE

SGX Nifty -18 pts (7897) from last trade 7915 , 

Nikkei -77 pts , Hangseng -58 pts , NOW 6.53am , 

‎Dow +21.23 pts ,Nsdq -39.66 pts , S&P +0.10 pts ‎, Bovespa -723 pts , Ftse -71 pts , Dax -62 pts  , Cac -13 pts  , Crude @ $43.52 brl (-0.21), Brent @ $44.94 brl (-0.17) , Gold @ $1232.80 (+2.80), Silver @ $17.00 (-0.10), Euro @ $1.1231, JPY @ $111.5600, INR @ $66.4837



Infy: +0.74%,           Wit: -1.21%
Ttm:+1.33%,            Rdy:+0.91%
Hdb:+0.49%,            Ibn: -0.89% 
SBID:+2.28%,        RIGD:+0.80%



Today's Corporate Action
25th Apr Ex Date


None
‎

‎


Today's Key Results
25th Apr


Ultra Cemco(Cog Cons Est Net 617.67cr -6% Yoy)
Abb,Delta Corp, Ibulls Fin,IB Realest,Tata Sponge,Welspun Ind

Economic Times

Business Standard

Ø  ED's Sequoia raid spooks India's venture capital community

Ø  Chit fund scams: Rs 80,000 crore and counting

Ø  Govt mulls liquidating some loss-making PSUs

Ø  India trims American govt securities exposure to $118.8 billion

Ø  Forex reserves at record high of $360.25 billion

Ø  SAARC nations must work together to push trade: Secy

Ø  China arrests 62 people in biggest telecom fraud



Ø  Govt's model bill on water to stress on storage creation

Ø  India-France solar alliance talks of $1 trillion investment

Ø  Concern over India's nuclear liability law still remains: French firm

Ø  No interest subsidy on crop loan beyond Rs 3 lakh, says panel

Ø  Sebi mulls online registration for market entities

Ø  27.55% of RIL's record net in FY16 comes from treasury income

Business Line

Ø  ‘There will be no Fed rate hikes in 2016; US dollar will continue to stabilise’ 

Ø  Panel on excise duty on jewellery

Ø  Plastic may replace jute as material for packaging foodgrains

Ø  Defence Minister Parrikar to meet industry bodies today

Ø  Reliance Entertainment to relaunch video streaming platform Bigflix

Ø  Now, Debt Recovery Tribunals will work six days a week

Ø  FPIs infuse $1.95 bn in equities so far this month

Mint

Ø  Tata Motors officials, directors to meet on 27 April over NCDs issuance

Ø  SunEdison looks to woo investors in India business after US bankruptcy

Ø  Reliance looking at long-term oil supplies from Iran

Ø  Jet Airways’ shareholders approve JetLite merger with itself

Ø  Fiat Chrysler recalls 1.1 million cars, SUVs worldwide over rollaway issue

Ø  Green panel gives nod for port, airport upgrades

Financial Express                

Ø  Up to 25% stake in Tata Steel will meet EU rules: UK

Ø  Private sector to play pivotal role in smart cities: Report

Ø  Vijay Mallya appears on UK electoral rolls: Report

Ø  US Fed seen holding rates with hike still on horizon

Ø  Cairn India cuts capex by a third to $ 100 mn for FY17



Financial Chronicle

Ø  EPFO mulls system to discourage premature withdrawals

Ø  SAT raps Sebi for blind support to adjudicating officers

Ø  Reuben brothers top UK rich list, Hindujas at No 2

Ø  Long-term view critical for stock investment returns

Ø  Natural rubber likely to see bull run until June

Ø  HDFC Bank Q4 profit up 20% at Rs 3,374 crore

Weekly view 25/04/2016

@ 9.00 A.M

Nifty 50

Nifty has consolidated last week in the zone of 7840 ..7980 

It will show the further trend when this range breaks in this week 

Positional charts are showing some cool down signals upto 7780..7580 

Break above 7980 can show 8060..

Being an expiry week we can see volatility in market

Reliance Ind Q4

Standalone Net Profit At Rs 7,320 Cr Vs CNBC-TV18 Poll Of Rs 7,000 CR

Standalone Total Income at Rs 49,957 Cr Vs Rs 56,567 Cr (QoQ)

HDFC Bank Q4

Net Profit At Rs.3,370 Cr Vs CNBC-TV18 Poll Of  Rs.3,385.4 Cr

Gross NPA At 0.94% Vs 0.97% (QoQ)

Net NPA At 0.28% Vs  0.29% (QoQ)

NII At Rs.7,453.3 Cr Vs Rs.6,013.2 Cr (YoY)

CALL OF 21/04/2016 THURSDAY

@ 12:04

Buy Maruti ltp 3719 

sl 3680

trgt 3750/3784

MADE A HIGH OF 3760

ALL TRGT DONE

VIEW ON BANK NIFTY 

@ 09:04

Nifty bank (16637)

Nifty bank has made a gap up shooting star candle yesterday.

This says above 16780 if maintains good rally can be seen but if maintains below 16500 and fills the gap of yesterday it can show selling pressure..

NIFTY VIEW @ 08:00

Nifty 50 ( 7912)

Nifty has made a selling pattern of two tweezer top.

But it has closing above its strong support zone of 7840..7870.

 If holds this it can cross  the resistance zone of 7940..7980.

Any close above resistance 7940..7980 zone can show uptrend resuming

Any close below support zone 7840..7870,
Nifty enters into downtrend..

Market Update:

Sgx Nifty -5 pts
‎Dow -114 pts ,Nsdq -2 pts , S&P -11 pts ‎, Bovespa Clsd , Ftse -28 pts , Dax +14 pts  , Cac -9 pts  , Nikkei  -56 pts , Crude @ $43.52 brl (+0.34), Brent @ $44.73 brl (-1.07) , Gold @ $1250.80 (+0.50), Silver @ $17.05 (-0.05), Euro @ $1.1292, JPY @ $109.4600, INR @ $66.3950

ADR/GDR

Infy: -2.07%,          Wit: -4.63%
Ttm:+0.29%,        Rdy:+0.84%
Hdb: -1.17%,         Ibn:+6.66% 
SBID:+3.20%,     RIGD: -0.64%

Today's Corporate Action
22nd Apr Ex Date

MERCK
Dividend - Rs. - 7.5000

Today's Key Results
22nd Apr

‎Hdfc Bank( Cog Est Net 3378cr + 20 % Yoy Time-During Mkt)
Reliance Ind(Cog Est Net 7034cr +13% Yoy Time - After Mkt)
Amal Ltd,Artson Eng,Cairn, Int Paper,Mahindra CIE,Nat Alum,Reliance Def, Sasken,Yash Pap

Business Standard

Ø  India replaces China as top FDI destination in 2015: Report

Ø  RBI issues direction on merger of pvt sector banks

Ø  India to become $10 tn economy: Amitabh Kant

Ø  UK govt may buy 25% equity stake in Tata Steel

Ø  Prices of pulses will be under control: Ram Vilas Paswan

Ø  SIDBI sanctions Rs 1,000 crore to start up funds

Ø  Monsoons can pick GDP by 50 bps: BNP Paribas 



Ø  Govt initiates safeguard investigation against aluminium imports

Ø  GST Bill: Govt will again try to convince Opposition, says Venkaiah

Ø  SoftBank investors call for Nikesh Arora's dismissal; co says no

Ø  Call drop: Telcos earning Rs 250 cr a day but not investing: TRAI

Ø  SunEdison files for Chapter 11 bankruptcy protection

Ø  Govt aims to remove poverty by 2032

Business Line

Ø  Need level-playing field for HFT trades: SEBI to brokers

Ø  No decision yet on re-starting talks with India, says EU envoy

Ø  Defence buy panel yet to sign off on key partnership chapter 

Ø  Multilateral pact likely for info exchange on MNCs

Ø  Glenmark receives 3 observations from USFDA for Indore plant

Ø  BSE extends online bidding process for ‘market maker’ till Ap 29

Mint

Ø  Reliance may see rise in profit led by strong petrochem margins

Ø  IndusInd Bank’s Q4 profit rises 25.25% to Rs620.35 crore; provisions jump 98.86%

Ø  Rupee closes 18 paise lower against US dollar at 66.40

Ø  Jaypee gets breather as RBI allows banks to classify group’s loans as standard 

Ø  Sebi likely to ease mutual fund advertising, promotion norms

Financial Express                

Ø  RBI asks banks not to treat default by some firms as NPA in Q4

Ø  Sensex gains for 6th day in a row, ends 36 points up; Banking stocks surge

Ø  India pips China as top FDI destination in 2015: Report

Ø  Banks have no right over information on overseas assets: Vijay Mallya to SC

Ø  'Residential demand driven by end-users in Jan-March quarter'



Financial Chronicle

Ø  E-book must for pvt placement debt issues: Sebi

Ø  Rajan, Pichai among 100 most influential people: Time

Ø  Bank bureau to discuss capital plans of lenders

Ø  Patanjali ad faces ire of cooking oil makers

Ø  Hindustan Zinc reports worst financials since FY09

Ø  Silver makes starry performance in April