NIFTY BANK VIEW:

Nifty Bank( 18223)

Nifty bank is still in the support  range of 18000-18200

If breaks 17800-17600- 17500 is on the way
Above 18500 will catch uptrend momentum to 19000.

NIFTY VIEW:

Nifty 50 (8142)

Nifty if trades below 8120 can slide down to 8050..8040.

If maintain above 8160 can again catch momentum to break the range of 8200.

Business Standard

Ø  Fitch lowers GDP growth forecast to 6.9% from 7.4%

Ø  Note ban may hugely benefit home loan seekers 

Ø  State-run banks' bad loans over Rs 6 lakh crore

Ø  Malaysia's Axiata may hang up on Idea Cellular stake

Ø  Dec 30 may remain the last day for old note deposits

Ø  Govt to hold auction to identify buyers for 3 SAIL units

Ø  'Rs 4,00,000 crore debt risks being written off'

Ø  Consumers, exports power US 3rd quarter economic growth

Ø  Finmin invites suggestions for Budget 2017-18

Ø  200 'high-risk' drug firms come under Indian regulator lens

Ø  28% citizens yet to deposit old currency in bank: Survey

Ø  Tata Power calls EGM to remove Cyrus Mistry

Ø  China agrees to import basmati rice from 14 major Indian mills

Ø  Gross NPAs of PSBs jump nearly Rs 80,000 cr in Jul-Sep  

Business Line

Mint
Ø  Lok Sabha passes IT Act amendment to tax unexplained deposits

Ø  Consumer durable retailers go slow on fresh inventory

Ø  Sell domestic LPG only to PSU oil firms: Govt to producers

Ø  Lower lending rate key to Make in India campaign: Jindal 

Ø  RBI expected to cut rates ‘aggressively’: SBI study 

Ø  Pfizer to withdraw Corex syrup, extend line to new products

Ø  RBI pressed into service to ease Rs500 note shortage

Ø  RBI rate cut likely in December monetary policy review

Ø  Flipkart valuation slashed by Morgan Stanley for 4th time in 9 months

Ø  Reliance Jio’s entry, spectrum sale boost tower industry’s growth: Indus Towers

Ø  Swiss watchmaker Breitling said to be considering a sale

Ø  Rs8.44 trillion deposited in banks as demonetisation reaches halfway mark

Financial Express

Financial Chronicle
Ø  'Indian equity market poised for double digit returns in 2017'

Ø  BSE Sensex back on track to finish at 26,316.34, NSE Nifty settles at 8,114.30

Ø  Poorly planned urbanisation pattern may impose USD1.8 tr cost by 2050: Study

Ø  Govt approves 6 new SEZs for IT, biotech

Ø  CSB set to sell stake to Fairfax at right price

Ø  South Asia looks closely at demonetisation drive

Ø  Inflation is expected to moderate further: Dun & Bradstreet

Ø  Govt keen on proper discussion on GST Bills in Parliament

Ø  Sebi puts in place disclosure norm for InvITs

Ø  UK government denies handwritten note on Brexit is policy

Market Update

Sgx Nifty -1 pts
‎Dow +23.70 pts ,Nsdq +11.11 pts , S&P +2.94 pts , Bovespa -1870 pts , Ftse -27 pts , Dax +37 pts  , Cac +41 pts , Nikkei  +35 pts now , Crude @ $45.37 brl (+0.14 ), Brent @ $46.38 brl (-1.86) , Gold @ $1191.20 (+0.40), Silver @ $16.71 (-0.03), Euro @ $1.0648, JPY @ $112.5100, INR @ $68.6550



Today's Corporate Action
30th Nov  Ex Date


None‎




Today's Key Result
30th Nov


Balkrishna Inds,Castex Tech,Gspl,Gvk Power,Man Infra,Net 4 Ind,Punj Llyod,Ratnamani Metal



Today's Data Alert 



Nov 30: GDP estimate for Jul-Sep, by CSO. 1730 IST.

Nov 30: CPI for industrial workers for October, by Labour Bureau.

Nov 30: Government finances for Apr-Oct, by CGA.

Nov 30: Core sector growth for October, by commerce & industry ministry.




Today's Global Data



Nov 30: US API statistical bulletin for week ended Nov 25; 0300 IST

Nov 30: Japan October preliminary industrial production data; 0520 IST

Nov 30: UK November consumer confidence survey; 0531 IST

Nov 30: Japan October auto exports, production data; 0930 IST

Nov 30: Japan October preliminary petroleum statistics report; 1000 IST

Nov 30: Japan October construction orders, housing starts data; 1030 IST

Nov 30: Germany October retail trade data; 1130 IST

Nov 30: Bank of England's financial stability report; 1130 IST

Nov 30: Bank of England publishes stress test results; 1130 IST

Nov 30: Bank of England Apr-Sep systemic risk survey results; 1200 IST

Nov 30: EuroCOIN November indicator of euro area economic activity; 1400 IST

Nov 30: Germany November labour market statistics; 1430 IST

Nov 30: Eurozone November flash estimate for inflation; 1530 IST

Nov 30: US MBA mortgage applications survey for week ended Nov 25; 1730 IST

Nov 30: Federal Reserve Bank of Dallas President Kaplan to speak; 1830 IST

Nov 30: US November ADP national employment report; 1845 IST

Nov 30: US October personal income, outlays; 1900 IST

Nov 30: Federal Reserve Governor Jerome Powell to speak; 1945 IST

Nov 30: US November ISM-Chicago business survey; 2015 IST

Nov 30: US October metropolitan area employment data; 2030 IST

Nov 30: US October pending home sales index; 2030 IST

Nov 30: US EIA petroleum status report for week ended Nov 26; 2100 IST

Nov 30: Federal Reserve Bank of New York's Jul-Sep household debt, credit
report; 2130 IST

Nov 30: Federal Reserve Bank of Cleveland President Mester to speak; 2230
IST

NIFTY BANK VIEW:

Nifty Bank (18301)

Nifty bank has support zone @ 18000 ..18300 zone.

Below this it can show  17800..17700.17600.

If resumes up 18600 is on the way.

NIFTY VIEW:

Nifty (8126)

Nifty has stiff resistance zone @ 8150..8160.

 If faces resistance it can slide to 8000 levels.

If trades above 8160 zone it can show sharp move to 8200..8240.

Business Standard

Ø  Get rural atms running on priority, orders RBI

Ø  Mistry meets top MFs, insurance company executives

Ø  Lawmaker suggests alliance of India, US, Russia,Japan

Ø  50% tax on unaccounted deposits; 85% if caught

Ø  Morgan Stanley lowers India’s growth forecast

Ø  Oil falls over doubts over planned crude output cut

Ø  I-T dept won't ask for bank deposits' source: Adhia

Ø  CRR hurdle for lending rate cut

Ø  Essel Group's growing appetite for acquisitions

Ø  RBI relaxes cash withdrawal rule

Ø  Economy grew 7.1% in first half: Sitharaman

Ø  India imports 17.2 lakh tonnes of wheat this year

Ø  Renew lapsed policy faster through self-inspection

Ø  Infosys looks to take payments bank solution global

Ø  Appellate Tribunal stays CCI order against India Cements

Business Line


Mint

Ø  Oil India Q2 profit dips 18%; declares 1:3 bonus 

Ø   RBI hikes cash reserve ratio; maintains sanctity of its policy rate

Ø  Venture debt comes of age in India, at long last

Ø   Govt removes excise duty on POS machine manufacturing

Ø  Suzlon bags 50.4-MW project in AP

Ø  Dollar, US bond yields drop as oil tumbles on doubts over output cut

Ø  Tata Sons asks Nusli Wadia to withdraw legal notice

Ø  Govt unveils National Software Policy, eyes 3.5 million jobs by 2025

Ø  Supreme Court tells Sahara chief Subrata Roy to deposit Rs600 crore by 6 February

Ø  Tata Steel, Liberty set to begin talks for UK assets sale

Ø  Ajay Kanwal, Standard Chartered’s Asean CEO, resigns over disclosure lapse

Ø  EPFO to seed Aadhaar in 81 million PF accounts by 31 Dec

Financial Express


Financial Chronicle

Ø  BSE Sensex back on track to finish at 26,316.34, NSE Nifty settles at 8,114.30

Ø  Edelweiss AMC buys fund biz of JP Morgan Asset

Ø  RJio files complaint with CCI against Airtel, Vodafone and Idea

Ø  Dollar retreats from peaks, euro boosted by Fillon win

Ø  Maruti Suzuki stops Ritz's production

Ø  Switch to e-payment at the earliest, Centre tells ULBs

Ø  Early Budget to help kick-start projects from Apr 1: Nirmala

Ø  Tata Sons' shareholders discord may hit group cos: S&P

Ø  Odisha land reserved for Posco might go to JSW

Ø Demonetisation: PM Modi to hold meeting with senior ministers

Ø  Farm, commerce ministries want to dump rubber board

Market Update

Sgx Nifty -5 pts
‎Dow -54.24 pts ,Nsdq -30.11 pts , S&P -11.63 pts , Bovespa +1300 pts , Ftse -41 pts , Dax -116 pts  , Cac -39 pts , Nikkei  -78 pts now , Crude @ $46.85 brl (-0.19 ), Brent @ $48.24 brl (1.00) , Gold @ $1196.10 (+2.30), Silver @ $16.74 (+0.06), Euro @ $1.0618, JPY @ $111.7700, INR @ $68.7750



Today's Corporate Action
29th Nov  Ex Date


IGL
Interim Dividend - Rs. - 3.5000
KPRMILL
Stock  Split From Rs.10/- to Rs.5/-
MANGIND
Stock  Split From Rs.10/- to Rs.1/-
VEERHEALTH
Consolidation of Shares 




Today's Key Result
29th Nov


Tata Pow(Cog Cons Est Net 384 Cr +56 % Yoy Res- During Mkt)
Kanoria Chem,National Fert,Tnpl,Wanbury Ltd

‎
Today's Data Alert 


Nov 29: TERM REPO: 14-day variable rate term repo for 195 bln rupees. Bids
to  be submitted between 1100 and 1130 IST.




Today's Global Data



Nov 29: Japan October household spending data; 0500 IST

Nov 29: Japan October labour force survey; 0500 IST

Nov 29: Japan October preliminary retail sales data; 0520 IST

Nov 29: Japan Nov 1-10 provisional trade statistics data; 0520 IST

Nov 29: Japan October detailed import, export statistics; 0600 IST

Nov 29: Japan October steel imports, exports statistics; 1130 IST

Nov 29: Germany October foreign trade price indices; 1230 IST

Nov 29: Eurogroup President Jeroen Dijsselbloem at European   ECON  Committee meeting; 1415 IST

Nov 29: UK October monetary, financial statistics; 1500 IST

Nov 29: UK October money, credit; 1500 IST

Nov 29: Bank of England October effective interest rates; 1500 IST

Nov 29: Eurozone November business, consumer surveys; 1530 IST

Nov 29: US Retail Economist/Goldman Sachs chain store sales index for week
ended Nov 26; 1815 IST

Nov 29: Germany November provisional consumer price index; 1830 IST

Nov 29: US Oct-Dec second GDP estimate; 1900 IST

Nov 29: US Oct-Dec preliminary corporate profits data; 1900 IST

Nov 29: US Johnson Redbook retail sales index for week ended Nov 25; 1925
IST

Nov 29: US Sep S&P CoreLogic Case-Shiller indices; 1930 IST

Nov 29: US Securities and Exchange Commission Equity Market Structure
Advisory Committee meeting; 2000 IST

Nov 29: US November consumer confidence index; 2030 IST

Nov 29: US Federal Reserve Governor Jerome Powell to speak at Economic Club of Indiana; 2310 IST

Oil India Q2

                      
Net Profit at Rs 580 Cr Vs Rs 706 Cr YoY

Net Sales at Rs 2,243 Cr Vs Rs 2,398 Cr YoY

Revenue Down 7.9% At Rs 2,331.4 Cr

EBITDA Margin At 35.9% Vs 36.6%

Approves Bonus Share In The Ratio 1:3

NIFTY BANK VIEW:

Nifty Bank 

If holds the support zone of 18000..18200 
And trades above 18600 it can rise to 19000.

If breaks 18000 it can fall to 17800-17600-17500-
17400.

All are multiple supports and bounce back zones

NIFTY VIEW:

Nifty has support @ 8080 ..8040..8000.

resistance @ 8120..8140...8200. 

Maintains below 8080 can again slide to 8040..8000
and 7900. 

If maintains above 8200 it can show reversal signs with good move to 8480.

Economic Times

Business Standard

Ø  TGBL, Tata Steel pass resolutions to stop Mistry

Ø  Watsa close to buying stake in Catholic Syrian Bank

Ø  RBI lets banks to park old currency at district chests

Ø  Rural economy hit hard as informal lending reduces

Ø  Airtel Payments Bank opens 10,000+ A/Cs in 2 days

Ø  I-T dept asks IDS declarants to pay tax by Nov 30

Ø  RIL seeks access to India's longest LPG pipeline by IOC

Ø  E-commerce firms to deduct TCS under GST



Ø  India Inc more vulnerable to slowdown than in 2008

Ø  Bond yields to rise on incremental CRR

Ø  RBI committed to easing pain of honest citizens: Urjit Patel

Ø  Cash crisis: Traders' body seek PM Modi's, RBI intervention

Ø  Tata Sons reaches out to more shareholders as EGMs approach

Ø  SBI records of loans to Adani firms cannot be disclosed: CIC

Ø  CPPIB strikes largest deal in logistics space

Ø  Notifications will be issued for GST rates: Revenue secretary

Business Line



Mint

Ø   Airtel acquires Econet’s stake in Nigerian arm

Ø  Economists’ criticism of demonetisation not fact—based: Debroy

Ø  Wind sector gasps, seeks breather through extension of sops 

Ø  Oil regulator opposes govt’s move to give GAIL the run of Eastern gas grid 

Ø  NTPC-BHEL power gear unit finally up, but downsized

Ø ‘Demonetisation move to scorch dabba trading’



Ø  Commerce ministry favours ‘restriction free' gold imports

Ø  NSE to auction investment limits for Rs22,171 crore govt bonds

Ø Demonetisation to have gains in long run: Chandrababu Naidu

Ø  Service tax department to auction Vijay Mallya plane on 28-29 November

Ø  Sebi approves Reliance Infra’s InvIT application

Ø  RBI takes surprise action to soak up liquidity

Financial Express



Financial Chronicle

Ø  Defer Place of Effective Management, remove tax barrier for startups: Nasscom to finance ministry

Ø  Jobs will be safe in MSME sector, govt assures workers

Ø  95 per cent black money intact in non-currency form: CPI(M) leader Brinda Karat

Ø  Going cashless: Rising currency-GDP ratio key impediment



Ø  Switch to e-payment at the earliest, Centre tells ULBs

Ø  New GST model provides for anti-profiteering measures

Ø Demonetisation among 3 most important economic reforms: Tata

Ø  PM's idea of cashless economy unrealistic: Omar

Ø  Note ban: ICICI Bank presses into service mobile branches

Market Update

Sgx Nifty -19 pts
‎Dow +68.96 pts ,Nsdq +18.24 pts , S&P +8.63 pts , Bovespa +163 pts , Ftse +11 pts , Dax +10 pts  , Cac +7 pts , Nikkei  -86 pts now , Crude @ $45.26 brl (-0.80 ), Brent @ $47.24 brl (0.00) , Gold @ $1187.30 (+6.30), Silver @ $16.59 (+0.04), Euro @ $1.0602, JPY @ $112.8700, INR @ $68.4725

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.3374%

Today's Corporate Action
28th Nov  Ex Date

None‎

Today's Key Result
28th Nov

Oil Ind (Cog Est Net 577 Cr -14% Yoy)
Abbot Ind,Cox&King,Hfcl,Hind Composite,Jayswal Nec,Mgl, Sadhbhav Eng,Timken India,Triveni Eng

Bata Q2:

Net Profit at Rs 34.6 Cr Vs Rs 54.3 Cr YoY
Net Sales at Rs 583 Cr Vs Rs 575 Cr YoY
EBITDA Margin at 9.2% Vs 8.4% YoY

NIFTY BANK VIEW:

Nifty bank (18256)

Nifty bank below 18200-18100 can fall to 17800..17600.

Any rise above 18700 can show some pull back to 19000.

NIFTY 50 VIEW:

Nifty 50 (7965)

Nifty had consolidation session in this week.

Now if trades above 8030-8040 zone can pull back to 8100. 
If trades below 7900 can show 7740 soon.

Business Standard

Ø  Old note recall will cost India a staggering Rs 1.28 lakh crore

Ø  Tata tussle won't affect partnership: Boeing's Allen

Ø  Home prices set to fall by 30% in next one year

Ø  Govt should bring in special relief measures: Tata 

Ø  'PE investments down 23% to $10 billion in Jan-Oct'

Ø  Demonetisation to disrupt economic activity: Moody's

Ø  Cash disclosed in ITR may not incur 200% fine

Ø  Rupee recovers from record low to close at 68.73 a dollar 

Ø  Nepal bans new Indian Rs 500 and Rs 2,000 notes

Ø  Oil Ministry gives 4th extension to panel on fuel economy norms

Ø  Cabinet approves amendments in I-T Act to tax post Nov 8 deposits: TV reports

Ø  November is worst F&O series in 15 months

Ø  Prepaid users go slow, telco revenues hit
Business Line

Mint

Ø  No more over-the-counter exchange of old notes 

Ø  Cabinet moves in to tax deposit above threshold, post note ban 

Ø  Fund-raising via rights issue falls 92% to Rs. 618 cr in H1

Ø  Natco Pharma gets USFDA nod for generic  Budesonide capsules 

Ø  BNP Paribas completes Sharekhan's acquisition 

Ø  FSSAI norms for nutraceuticals, functional foods go into effect

Ø  Digital transactions in banking sector going up: SBI

Ø  Sun Pharma’s Mohali unit violated manufacturing norms, finds US FDA

Ø  S&P keeps ratings of Indian financial institutions unchanged at BBB-

Ø  Modi’s demonetisation move risks bond shortage for RBI

Ø  Fire at Reliance Industries’ Jamnagar refinery out; production unaffected

Ø  JSW plans to make electric cars: report
Financial Express

Financial Chronicle

Ø  BSE Sensex plunges over 190 points to close at 25,860.17, NSE NIfty settles at 7,965.50

Ø  New rules on network rollout to reduce call drops: COAI

Ø  Banks face higher risks on deteriorating profile of companies: S&P

Ø  TCS to implement unified global process blueprint for ASML

Ø  Govt needs to be vigilant about sources of black economy: SBI

Ø  GST set to miss April 1 deadline

Ø  Tata Sons lines up- ex-chiefs to counter Mistry

Ø  Most firms spend 70% CSR fund on education

Ø  Manmohan Singh trashes govt's cash crackdown

Ø  Guarantee scheme back to deal with piles of Rs 500/1000 notes

Ø  Cabinet note sent for complete FDI ban in tobacco: Nirmala

Market Update

Sgx Nifty +50 pts
‎US Mkt Clsd, Bovespa -590 pts , Ftse +11 pts , Dax +26 pts  , Cac +13 pts , Nikkei  +100 pts now , Crude @ $47.99 brl (+0.03 ), Brent @ $49.00 brl (+0.05) , Gold @ $1185.50 (-3.80), Silver @ $16.42 (-0.06), Euro @ $1.0559, JPY @ $113.2700, INR @ $68.7475



Today's Corporate Action
25th Nov  Ex Date


None‎


Today's Key Result
25th Nov


Balaji Tele,Bata,Beml,Borosil Glass,Hathway Cab,Indo Count Inds, Shilpamedi,Spicejet,Tide Water, Uflex,WaterBase




Today's Global Data



Nov 25: Japan October consumer price index (Nation), consumer price index
ex-food (Nation); 0500 IST

Nov 25: Japan October consumer price index (Tokyo), consumer price index ex-food (Tokyo); 0500 IST

Nov 25: Japan October services producer price index; 0520 IST

Nov 25: UK November hometrack cities house price index; 0531 IST

Nov 25: UK November nationwide house price index; 1230 IST

Nov 25: UK Jul-Sep gross domestic product second estimate; 1500 IST

Nov 25: UK Jul-Sep business investment provisional results; 1500 IST

Nov 25: UK September service sector figures; 1500 IST

Nov 25: UK November Confederation of British Industry quarterly
distributive trades survey; 1630 IST

Nov 25: US weekly export sales; 1900 IST

Nov 25: US October advance economic indicators report; 1900 IST

Nov 25: US November flash services purchasing managers index; 2015 IST

Nov 25: US financial markets close early after Thanksgiving; 2330 IST

Nov 25: Japan November monthly economic report

Nov 25: European Union October new commercial vehicle registrations in
Europe statistics

Siemens Q4

Net Profit at Rs 2,467 Cr Vs Rs 219 Cr YoY

Total Income at Rs 2,990 Cr Vs Rs 3,231 Cr YoY

Board Recommends Final Dividend Of Rs 6/share

EBITDA Margin At 7.8% Vs 8.5% (YoY)

Revenue At Rs 3091Cr;

Exceptional Gain At Rs 2,992Cr & Other Income Up 67.8% At Rs 68.3 Cr

Nifty bank (18548)

Nifty bank if maintains above 18650..18680 zone can pull back to 19000.

If maintains below 18300..18100 can slide down to 17800..17400

Nifty 50 (8002)

Nifty 50 had yesterday gave a close with a doji holding the support zone of 7900 ..7940 

Today if maintains above 8020..8040 zone it can show pull back to 8140 ..8160 zone 

Trading below 7940..7900..can slide down nifty to 7740.

Market Update

Sgx Nifty +54 pts
‎Dow +67.18 pts ,Nsdq +17.49 pts , S&P 4.76 pts‎, Bovespa +884 pts , Ftse +41 pts , Dax +28 pts  , Cac +18 pts , Nikkei  Clsd , Crude @ $48.04 brl (+0.01 ), Brent @ $49.12 brl (+0.22) , Gold @ $1212.40 (+1.20), Silver @ $16.77 (+0.03), Euro @ $1.0629, JPY @ $110.9800, INR @ $68.2550



Today's Corporate Action
23rd Nov  Ex Date


‎ALKEM
Interim Dividend - Rs. - 6.0000
ATULAUTO
Interim Dividend - Rs. - 2.7500
BLS
Interim Dividend - Rs. - 0.5000
DCMSRMIND
Interim Dividend - Rs. - 3.5000
MONEYMATF
Stock  Split From Rs.10/- to Rs.2/-
POLYPLEX
Interim Dividend - Rs. - 3.0000
VIPUL
Interim Dividend - Rs. - 0.0100




Today's Key Result
23rd Nov



Aries,Bannari Sug,Bimetal,Pc Jeweller,Siemens,Solar Inds



Today's  Data Alert


Nov 23: Money supply as on Nov 11, by RBI.



Today's Global Data



Nov 23: US November American Petroleum Institute statistical bulletin for Nov 11-18; 0300 IST

Nov 23: US-China joint commission on commerce and trade meeting to continue

Nov 23: Japan September final labour survey

Nov 23: Germany November flash purchasing managers' index; 1400 IST

Nov 23: European Union November flash purchasing managers' index; 1430 IST

Nov 23: US Mortgage Bankers' Association applications survey for Nov 11-18; 1730 IST

Nov 23: UK Chancellor Philip Hammond's autumn statement; 1800 IST

Nov 23: US unemployment insurance weekly claims report for Nov 11-19; 1900 IST

Nov 23: US October advance report on durable goods; 1900 IST

Nov 23: US September house price index; 1930 IST

Nov 23: US Jul-Sep house price index; 1930 IST

Nov 23: US November flash manufacturing purchasing managers' index; 2015 IST

Nov 23: US Bloomberg consumer comfort index; 2015 IST

Nov 23: US November University of Michigan survey of consumers; 2030 IST

Nov 23: US October new residential sales; 2030 IST

Nov 23: US Energy Information Administration petroleum status report for Nov  11-18; 2100 IST

Nov 23: US Energy Information Administration natural gas storage report Nov 11-18; 2300 IST

Nov 23: UK office for budget responsibility publishes its economic forecast

Nov 23: US-China joint commission on commerce and trade meeting concludes

Nov 23: Japan Labor Thanksgiving Day, financial markets closed

Nov 23: UK financial policy committee meeting

Business Standard

Ø  Swiss Banks to share info on Indian A/C holders

Ø  82,500 ATMs recalibrated to dispense new notes

Ø  Note ban wipes out Rs 10 lakh crore of wealth

Ø  PFRDA may hike commission for fund managers

Ø  2071 industrialists owe Rs 3.89L-cr to banks: FinMin

Ø  Tata had pitched for selling TCS to IBM: Mistry 

Ø  Coca-Cola plans aluminium bottles for India


Ø  Sebi likely to ease rules for angel funds

Ø  About 80 items likely on GST exemption list

Ø  L&T's Q2 profit zooms 84% to Rs 1,434 cr

Ø  Absence of coal linkage policy hurts power plants

Ø  Rs 4,500 crore 'irregular' tax benefits given to infrastructure firms: CAG

Ø  SC dismisses special leave petition against RCOM

Ø  L&T bags Rs 1,926 cr projects across biz segments

Business Line

Mint
Ø  Demonetisation will erode farmers’ gains: NCML chief

Ø  RCom takes on Reliance Jio

Ø  Demonetisation: It’s just the beginning, says PM

Ø  Nusli Wadia sends second notice to Tata Sons

Ø  BPCL to export light diesel oil in rare move

Ø  Reliance MF files for 2nd tranche of CPSE ETF


Ø  The richest 1% of Indians now own 58.4% of wealth

Ø  India loses most in $11 billion emerging markets outflow amid dollar rally

Ø  Indian rupee closes fresh nine month low against dollar on market volatility

Ø  Lenders allowed more time to classify defaults as NPAs

Ø  Piramal to finance office, retail assets via flexible rental plan

Financial Express

Financial Chronicle
Ø  Indian wealth falls 0.8% to USD 3 trn in 2016: Credit Suisse

Ø  NPS subscribers may get housing loans at affordable terms

Ø  BSE Sensex off 6-month low, gains to close at 25,960.78; NSE Nifty touches 8,000 mark

Ø  RBI asks banks to ensure adequate cash supply to co-operative, rural banks


Ø  CPI inflation to moderate to around 4% in Nov: Nomura

Ø  GST law to have clause to tackle profiteering

Ø  Demonetisation: Delhi HC adjourns hearing till Dec. 8

Ø  Sebi mulling to allow FPIs to invest in unlisted NCDs

Ø  Fitch reaffirms negative outlook for banks

L&T Q2

Consol Net Profit at Rs 1,435 Cr Vs Rs 778 Cr YoY

Cons Total Income at Rs 25,011 Cr Vs Rs 23,123 Cr YoY

Cons Order Inflow at Rs 31,119 Cr

Cons Order Inflow up 11% at Rs 31,119 Cr YoY

IRB Infra Q2

Profit At Rs 142.2Cr Vs CNBC-TV18 Poll Of Rs 161Cr;


Rev At Rs 1,290.6Cr Vs CNBC-TV18 Poll Of Rs 1,372Cr


Q2 Sales at 1290 cr Vs exp 1372 cr 


EBITDA at 710 cr Vs exp 751 cr

NIFTY BANK VIEW:

Nifty bank (18446)

Nifty bank is in a free fall zone.

 it can show 18100..17800 soon below 18300.

If holds and pull back it can show 18600..18800

NIFTY VIEW:

Nifty 50 (7929)

As mentioned yesterday nifty can show 7940..7920..7900 it showed our recommended levels and made a low of 7916.

If it trades today below 7900.. it can show 7740 ..7540 in coming days 

To resume upwards it has to close above 8140..8160 zone 

Pull back to 8000 levels can be seen today 

Being an expiry week volatility also can persist in  market.

Economic Times

Business Standard
Ø  Banks get about Rs 5.44L-cr worth of scrapped notes
Ø  RBI relaxes withdrawal norms for farmers, traders
Ø  Demonetisation: GDP to fall by up to 80 bps, says DBS
Ø  RBI allows Rs 50,000/wk withdrawal from overdraft a/cs
Ø  Property likely to be cheaper after demonetisation
Ø  Nepal cancels $1 bn expressway project with ILFS
Ø  Sun Group, Adani, 42 other cos to bid for small fields

Ø  Nusli Wadia slaps defamation notice on Tata Sons
Ø  GDP growth to drop to 5.5% in Q3 FY17: FinMin
Ø  Deutsche Bank cuts Sensex target to 25,000 on global cues
Ø  CBI moves extradition request for Vijay Mallya
Ø  75,000 ATMs reset in under 6 days as RBI task force steps in
Ø  NHAI to raise Rs 55K crore via EPFO, LIC, bonds this fiscal
Ø  Paytm hits $5 bn GMV, clocks Rs 120 cr worth of daily deals
Business Line

Mint
Ø  ONGC, Oil India, RIL, BP skip oilfield auction
Ø  Zydus Cadila gets USFDA nod for anti-infections tablets
Ø  North-East monsoon remains subdued as ‘low’ fails to form
Ø  Bosch’s BSH Household eyes India
Ø  JSW Steel plans to restart coking coal mining in US
Ø  RInfra bags ₹3,675-cr EPC order from NLC India  

Ø  Cyrus Mistry's conduct caused harm to TCS, stakeholders: Tata Sons
Ø  Indian rupee closes lower against dollar
Ø  Oracle to buy Internet infrastructure provider Dyn
Ø  Rupay debit cards can be used at PoS terminals: NPCI
Ø  Cash withdrawal for weddings faces stiff RBI rules
Ø  Brookfield offers to buy TerraForm Power for $1.8 billion
Financial Express

Financial Chronicle
Ø  BSE Sensex plunged over 380 points to close at 25,765.14, NSE Nifty slid to 7,929.10
Ø  Demonetisation impact to linger till Q2 of next fiscal:  Nomura
Ø  : RBI sets rupee reference rate at 68.2575 against US dollar
Ø  Rajasthan industries staring at Rs 1 lakh crore loss, says Forti

Ø  Fund mop-up via QIP plunges 78% to Rs 2,818 cr in HI FY17
Ø  HC to hear tomorrow plea against demonetisation
Ø  16 of 22 PSBs skip dividend in FY16 on rising NPAs

Market Update

Sgx Nifty +26 pts
‎Dow +88.76 pts ,Nsdq +47.35 pts , S&P +16.28 pts‎, Bovespa +1100 pts , Ftse +2 pts , Dax +20 pts  , Cac +25 pts , Nikkei  -5 pts now , Crude @ $48.49 brl (+0.25), Brent @ $48.90 brl (+2.04) , Gold @ $1213.70 (+3.90), Silver @ $16.70 (+0.07), Euro @ $1.0635, JPY @ $110.7100, INR @ $68.1650



Today's Corporate Action
22nd Nov  Ex Date


GILLETTE
Dividend - Rs. - 20.0000
HGS
Interim Dividend - Rs. - 2.5000
JAMNAAUTO
Interim Dividend - Rs. - 1.5000
MANAPPURAM
Interim Dividend - Rs. - 0.5000


Today's Key Result
22nd Nov


L&T
Allcargo,Emco,Gtl Infra,Irb Infra,Jbf Inds

Today's  Data Alert


Nov 22: RBI to hold 14-day variable rate term repo for 195 bln rupees. Bids
to be submitted between 1100 and 1130 IST.

NIFTY BANK VIEW:

Nifty bank( 18959)

Nifty bank is showing it can slide down to 18200..17800 with the resistance of 19300..19400 zone.

Close above 19400 can show some pull back.

NIFTY VIEW:

Nifty 50 (8074)

Nifty can see volatile sessions this week due to expiry.

It is trading near its support zone of 8070...8040..8100.

Break through 8000 on closing basis will take it to 7900...and lower levels 
Close abv 8150..8160 can resume some pull back opportunity

Business Standard

Ø  Note ban: Auto industry takes a hit in Nov sales

Ø  Liquidity to stay, rates may fall further: SBI

Ø  Bank account violators will face 7 yrs jail, warns IT dept

Ø  RBI proposes Islamic window in banks

Ø  'Mining can add $70 bn to India's GDP in next 15 yrs'

Ø  Patanjali to acquire more land for Nagpur project

Ø  16 of 22 PSU banks skip dividend in FY16 on mounting NPAs

Ø  Staff crunch likely to restrict I-T scanner on bank deposits

Ø  Cheaper bank loans soon: PM

Ø  PSU bank stocks make the most of demonetisation move

Ø  FPI outflows hit $3 bn in Nov on cash crisis, US rate hike fears

Ø  Govt gets 6 more weeks to respond to Cairn Energy arbitration

Ø  MFs eye Rs 1.5 trillion inflows from HNIs, retail investors

Ø  Oilfield auction: Exxon Mobil, BP, RIL likely to skip
Business Line

Mint

Ø  Informal GST Council meeting remains inconclusive

Ø  TTK Prestige eyes ₹1,700-cr turnover this fiscal

Ø  Global NCAP gives 4-star rating to Tata Zest

Ø  Maharashtra tops list of internet subscribers in India

Ø  Notes ban to swell digital payment platforms’ kitty: Assocham 

Ø  Sebi considers giving a fillip to start-up ecosystem

Ø  New rules on network rollout to reduce call drops: COAI

Ø  APEC summit: China, Russia to push for free-trade area in Asia-Pacific

Ø  Shree Cement in bid to buy Shiva Cement

Ø  Promoter share pledges continue to remain high
Financial Express

Financial Chronicle

Ø  Top companies can shift 40% steel movement to coastal shipping: Government

Ø  Made efforts to ensure actions based on equity: India on COP22

Ø  Stocks may see volatility, demonetisation to hog limelight, say experts

Ø  Fund mop-up via QIP plunges 78% to Rs 2,818 cr in HI FY17

Ø  Mauritius hopes to remain top FDI source despite new treaty

Ø  RBI dispels rumours of fake Rs 10 coins in circulation

Ø  Centre cautions against shady Jan Dhan deposits

Ø  NHPC to refinance Rs 2,000 cr loan; hopes to recover dues