NIFTY BANK VIEW :

NIFTY BANK [18033]

SAME AS NIFTY, NIFTY BANK GAVE A GOOD CLOSING.

IT IS HOLDING THE SUPPORT AROUND 17800-17820 LEVELS 

TODAY, IF TRADES & MAINTAINS ABOVE 18060 IT CAN MOVE UPTO 18122-18190-18260

NIFTY 50 VIEW:

NIFTY [8103]

YESTERDAY NIFTY WAS TRAPPED IN THE RANGE OF 8020-8060 FOR THE FIRST HALF, AND RECOVERED IN THE LAST HOUR & MADE A HIGH OF 8111,  AS RECOMMENDED RESISTANCE ZONE FOR THE DAY.

NIFTY CLOSED FORMING A POSITIVE CANDLE PATTERN.

TODAY IF TRADES & MAINTAINS ABOVE 8120 IT CAN ZOOM TOWARDS 8140-8168-8210.

SUPPORT ZONE: 8040-8020

IF BREAKS SUPPORT, CAN SLIDE DOWN TO 8000-7980 ZONE

Economic Times

Business Standard
Ø  Govt's indirect tax kitty swells over 23% in Nov
Ø  Giants bring in investments worth Rs 3.30Lcr in telecom
Ø  Telecom vendors bet on India amid global downturn
Ø  Money supply not enough: Banks to government
Ø  Private equity players may flock to real estate mkt
Ø  Reliance Jio justifies free call, data offer to Trai

Ø  Bank credit growth continued to decline in H1
Ø  Note ban can transform economy: RBI
Ø  Corporate India's financial position remains weak
Ø  ONGC cleared GSPC deal without enough independent directors
Ø  Fin Ministry considering debt restructuring for sugar sector
Ø  Fairfax gets RBI nod to acquire 51% in Catholic Syrian Bank
Business Line

Mint
Ø  Banks face significant stress, but stable overall: RBI
Ø  Tatas to Mistry: return all ‘confidential’ papers
Ø  Ambuja Cement, ICICI Bank enter into partnership to boost cashless trade
Ø  RIL commissions paraxylene plant at Jamnagar complex
Ø  Change in fiscal year cycle unlikely before 2018
Ø  SEBI launches prosecution in 568 CIS cases, 1,100 others

Ø  Cash withdrawal limits to be rolled back in phases
Ø  Move over 4G, IoT and 5G will be the flavour of 2017: Trai chairman
Ø  Myntra’s app-only move slowed down FY16 sales growth
Ø  Prem Watsa’s Fairfax takeover bid for CSB gets RBI approval
Ø  Aditya Birla Idea Payments Bank to launch in first half of 2017
Ø  RBI moots an ombudsman for NBFCs
Financial Express

Financial Chronicle
Ø  M Venkaiah Naidu dismisses reports India lobbied for better ratings
Ø  Markets settle with decent gains on expiry day; Sensex soars 155.47 pts
Ø  Solar power, green corridor blip on energy radar for 2017
Ø  Govt proposes setting up Financial Data Management Centre
Ø  Pay to rise for millions as 19 states increase minimum wage

Ø  RBI says no to RTI query on note ban
Ø  Chana the bad apple in bunch of cheap pulses
Ø  Algo glitch may mar NSE IPO
Ø  Market likely to overcome DeMo impact in 2017
Ø  Jaitley sings paeans to economy as note ban ends
Ø  NSE extends concessional transaction fee in equity derivatives

Market Update

Sgx Nifty +18 pts
‎Dow -13.90 pts ,Nsdq -6.47 pts , S&P -0.66 pts , Bovespa +445 pts , Ftse +14 pts  , Dax -23 pts  , Cac -9 pts , Nikkei  -119 pts now , Crude @ $53.93 brl (+0.16 ), Brent @ $56.85 brl (-0.11) , Gold @ $1159.00 (+0.90), Silver @ $16.23 (+0.01), Euro @ $1.0615, JPY @ $116.1600, INR @ $68.1000




Today's Corporate Action
30th Dec  Ex Date


ENGINERSIN
Bonus issue 1:1



Today's Data Alert



Dec 30: TERM REPO: 14-day variable rate term repo for 210 bln rupees. Bids
to be submitted between 1100 IST and 1130 IST.

Dec 30: CPI for industrial workers for November, by Labour Bureau.

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

Dec 30: Core sector growth for November, by commerce and industry ministry.



Today's Global Data



Dec 30: Canada Dec Bank of Canada Banking and Financial Statistics; 0030 IST

Dec 30: US Dec agricultural prices; 0130 IST

Dec 30: US Foreign Central Bank Holdings; 0300 IST

Dec 30: US Money Stock Measures; 0300 IST

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

Dec 30: Last day of trading this year on London Stock Exchange as markets
close early for New Year; 1800 IST

Dec 30: US Weekly Export Sales data; 1900 IST

Dec 30: US Dec ISM-Chicago Business Survey - Chicago purchasing managers'index; 2015 IST

Dec 30: US Federal Discount Window Borrowings

NIFTY BANK VIEW :

NIFTY BANK [17876]

RESISTANCE ZONE 18020-18050-18080

BELOW 17790 IT CAN SLIDE DOWN TO 17700-17680 ZONE

NIFTY 50 VIEW :

NIFTY 50 [8034]

YESTERDAY NIFTY CLOSED WITH AN INVERTED HAMMER CANDLE INDICATING DOWNSIDE 

TODAY IF TRADES BELOW 8028, IT CAN SLIDE DOWN TO 8000-7980-7960 [MULTIPLE SUPPORT ZONE]

RESISTANCE AREA 8120-8140

Market Update

Sgx Nifty -22 pts
‎Dow -111.36 pts ,Nsdq -48.88 pts , S&P -18.96 pts , Bovespa +1080 pts , Ftse +37 , Dax +2 pts  , Cac -0.27 pts , Nikkei  -158 pts now , Crude @ $53.67 brl (-0.39 ), Brent @ $56.22 brl (+0.13) , Gold @ $1142.90 (+2.00), Silver @ $16.07 (+0.03), Euro @ $1.0427, JPY @ $117.0700, INR @ $68.2400




Today's Corporate Action
29th Dec  Ex Date


Nil‎




Today's Global Data



Dec 29: US API Weekly Statistical Bulletin for the week ended Dec 23; 0300
IST

Dec 29: Bank of Japan's Summary of Opinions; 0520 IST

Dec 29: UK Dec Nationwide House Price Index data; 1230 IST

Dec 29: EU Nov data on monetary developments in the euro area; 1430 IST

Dec 29: US data on International Investment Position for Jul-Sep; 1900 IST

Dec 29: US Nov Advance Economic Indicators Report; 1900 IST

Dec 29: US data on Unemployment Insurance Weekly Claims Report for the week ended Dec 24; 1900 IST

Dec 29: US Nov Metropolitan Area Employment & Unemployment data; 2030 IST

Dec 29: US EIA Weekly Natural Gas Storage Report for the week ended Dec 23; 2100 IST

Dec 29: US EIA Weekly Petroleum Status Report for the week ended Dec 23; 2130IST

Business Standard

Ø  Govt makes it illegal to hold old notes post March 31 

Ø  Cabinet okays sale of India's first pharma firm

Ø  NSE files DRHP for Rs 10,000 crore mega IPO 

Ø  India, Singapore DTAA amendment on cards

Ø  90% of scrapped notes back in system, big dividend unlikely

Ø  Tata Steel seeks foreign investment for SEZ project in Odisha

Ø  Rupee hits 4-week low, plunges by 18 paise to 68.24

Ø  Demonetisation: RBI relaxes loan repayment norms

Ø  Panel bats for changing financial year to January-December

Ø  Angel investors tighten purse strings in 2016

Ø  Govt okays Rs 11,000 cr road projects for Left-wing hit areas

Ø  Govt nod for ratifying Inttl Solar Alliance Agreement

Ø  BP buys Australian petrol pump network for $1.3bn

Ø  Competition Commission rejects complaint against Toyota
Business Line

Mint

Ø  Zydus acquires six brands from US pharma player MSD

Ø  Long term effects of demonetisation ‘unclear’, says CDSL

Ø  Udupi Ruchi plans pan-India quick service restaurant cafes

Ø  Summer of 2017 may be kinder to India, predicts Korean agency 

Ø  Proof of tax paid, 4-year money lock-in must for new tax evasion amnesty 

Ø  RIL starts first phase of para-xylene plant at Jamnagar

Ø  IDFC Bank to merge lending divisions, trim workforce

Ø  Investment banking revenue falls 11% to $440 mn in 2016

Ø  Reliance Jio is ready to pounce on rivals Airtel, Vodafone, Idea Cellular

Ø  Qualcomm fined $853 mn by South Korean antitrust agency

Ø  MCap Fund Advisors set to downsize, shelves plan for second fund
Financial Express

Financial Chronicle

Ø  Acharya panel on ‘change in fiscal year’ submits report to Arun Jaitley

Ø  Direct tax collections in Mumbai, Delhi in single digit

Ø  Veggie rates fell sharply during November, official data shows

Ø  US University professor Viral V Acharya becomes fourth RBI Deputy Governor

Ø  Ratan Tata meets RSS chief, sets tongues wagging

Ø  Watal panel proposes regulatory board for digital payments

Ø  Rupee likely to fall below 70-level against dollar

Ø  Investors likely to avoid exposure to gold

Ø  Rs 600 cr interest loan waiver for farmers on the anvil

NIFTY BANK VIEW:

Nifty bank (17869)

Nifty bank too has bounced from its bounce back zone of 17600-17700 as mentioned in our view of previous days.

It can show 18000..18100...18180

Support zone 17700..17640

Resistance 18000..18100..18180

NIFTY VIEW :

Nifty 50 (8032)

Nifty yesterday has bounced back from its historical bounce back level of 7900.

Today if maintains above 8050 can show 8100....8120. 

Support zone around 7870..7920.

Resistance zone 8100..8120

Market Update

Sgx Nifty +14 pts
‎Dow +11.23 pts ,Nsdq +24.75 pts , S&P +5.09 pts , Bovespa +76 pts , Ftse Clsd , Dax +22 pts  , Cac +8 pts , Nikkei  -26 pts now , Crude @ $53.85 brl (-0.05 ), Brent @ $56.09 brl (+0.93) , Gold @ $1139.90 (+1.10), Silver @ $16.00 (+0.01), Euro @ $1.0458, JPY @ $117.4900, INR @ $68.0575

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.5614%

Today's Corporate Action
28th Dec  Ex Date

Nil‎

Today's Global Data

Dec 28: Japan Nov data on preliminary retail sales; 0520 IST

Dec 28: Japan Nov data on preliminary industrial production; 0520 IST

Dec 28: Japan Nov auto exports data; 0930 IST

Dec 28: Japan Nov auto production data; 0930 IST

Dec 28: Japan Nov preliminary report on petroleum statistics; 1000 IST

Dec 28: UK Nov BBA main high street banking groups statistics; 1500 IST

Dec 28: US Retail Economist/Goldman Sachs Weekly Chain Store Sales Index for the week ended Dec 24; 1815 IST

Dec 28: US Johnson Redbook Retail Sales Index for the week ended Dec 24;1925 IST

Dec 28: US Nov pending home sales index data; 2030 IST

Business Standard

Ø  Govt plans ordinance to shed liability of old notes
Ø  Economists suggest lower taxes, uniform import duty
Ø  Unorganised sector to be worst-hit by note ban: Report
Ø  Adhere to monthly/quarterly expenditure plans: FinMin
Ø  Reliance Jio seeks time till Dec 29 to respond to Trai
Ø  Tata Sons' notice to Mistry for confidentiality breach 
Ø  Last date extended for conversion of PIO cards

Ø  Number of companies with 'default' debt rating doubles
Ø  Venture capital investments down 29% in 2016
Ø  Income tax notices to car dealers; seeks details of customers post Nov 8
Ø  Despite price hikes, uncertainty remains high around ITC
Ø  Paradip Port to have 51% stake in Rs 5,849 cr rail corridor
Ø  Oil prices edge further above $55 ahead of supply cut deal
Ø  JSW Energy board approves raising up to Rs 750 crore
Business Line

Mint
Ø  Experts discuss about job creation, farm woes at NITI Aayog
Ø  83 IPOs hit Indian market, raised $3.8 bn in 2016: EY
Ø  Coca-Cola India unveils low-calorie beverage Aquarius
Ø  India likely to host key RCEP meeting in July 
Ø  Glenmark gets USFDA nod for leukemia treatment drug
Ø  MCX zinc moves towards key support zone

Ø  Reliance Jio is ready to pounce on rivals Airtel, Vodafone, Idea Cellular
Ø  Pfizer, Micromax related acquisitions approved by CCI
Ø  Drug firms eye over-the-counter market in bid to buttress growth
Ø  AU Financiers gets final licence from RBI to start small finance bank
Ø  Nandan Nilekani invests $5 million more in 10i Commerce
Ø  Sonalika Tractors in talks to set up a plant in China
Financial Express

Financial Chronicle
Ø  Demonetisation has hit business: Tata Steel
Ø  Early budget to make funds available at start of fiscal: PM Narendra Modi
Ø  Direct benefit transfers saved 36,000 crore in 2 years, says official
Ø  Microsoft can reach $1 trillion market value, faster than Apple, Google and Amazon, says Analyst

Ø  Smooth drive for farm machinery under GST
Ø  M-wallet retail spends may see 4-fold jump in near term: Study
Ø  Hopeful about GST regime roll out from April: Anant Kumar
Ø  Centre may dust off ONGC stake sale plan
Ø  CPSE ETF II on anvil; initial corpus Rs 6,000 cr

NIFTY VIEW:

Nifty 50 (7908)

Nifty has broke its historical support of 7920..7940 zone, again the last hope of support lies around 7870...7880 zone as mentioned earlier close and maintain below this zone  an take nifty to 7540 levels.

Bounce from here can take it to 8000..8200.

The direction in market is uncertain due to low  volumes as Fii 's are in a holiday season, December expiry and demonitization effect.

Market can go both ways keep position light.

Market Update

Sgx Nifty +17 pts
‎US Mkt Clsd , Bovespa +683 pts , Ftse Clsd , Dax Clsd  , Cac Clsd , Nikkei  +1 pts now , Crude @ $53.24 brl (+0.22 ), Brent @ $55.16 brl (+0.11) , Gold @ $1135.30 (+1.70), Silver @ $15.85 (+0.08), Euro @ $1.0452, JPY @ $117.2000, INR @ $67.7363

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.5539%

Today's Corporate Action
27th Dec  Ex Date


GULPOLY
Stock  Split From Rs.5/- to Rs.1/-
‎

Today's Global Data‎


Dec 27: Japan Nov household spending data; 0500 IST

Dec 27: Japan Nov labour force survey data; 0500 IST

Dec 27: Japan Dec consumer price index data; 0500 IST‎

Dec 27: Japan Dec provisional trade statistics for 1st 10 days of month;
0520 IST

Dec 27: Japan Nov Detailed Import & Export Statistics; 0600 IST

Dec 27: Japan Nov housing starts data; 1030 IST

Dec 27: Japan Nov construction orders data; 1030 IST

Dec 27: Japan Nov steel imports and exports statistics; 1130 IST

Dec 27: US Oct S&P CoreLogic Case-Shiller Indices data; 1930 IST

Dec 27: US Dec Richmond Fed Business Activity Survey data; 2030 IST

Dec 27: US Dec Consumer Confidence Index data; 2030 IST

Dec 27: US Dec Texas Manufacturing Outlook Survey data; 2100 IST

Dec 27: UK Financial markets closed for Boxing Day

Dec 27: Canada Financial markets closed for Christmas Day

Economic Times

Business Standard

Ø  FPIs may face up to 40% tax on Indian investments

Ø  Govt wants a share in your property windfall

Ø  China to levy environment tax to fight pollution

Ø  Foreign borrowings in Nov stood at $488.49 mn

Ø  Nabard sanctions Rs 35k cr loan under Irrigation Fund

Ø  Repayment incentive: RBI gives relief to farmers

Ø  Service tax mop from Mumbai zone jumps 25.5%



Ø  Short-term capital gains tax rate may rise in Budget

Ø  Ordinance planned to impose penalty for holding junked notes

Ø  Private labels to become a $5-bn business for e-tailers in 2017

Ø  NTPC signs 160 MW PPA with Nepal Electricity Authority

Ø  Private equity exits cross $10 billion in 2016: Bain & Co

Ø  Essar Oil posts record 2,162 crore net profit in FY2015-16

Ø  BSE to introduce 6-yr govt bond interest rate futures from Dec 30

Business Line



Mint

Ø  PM to take stock of economy at NITI Aayog on Tuesday

Ø  India needs globally compatible tax rates: Jaitley 

Ø  SEBI forwards complaints against QNet to Karnataka govt

Ø  Srei Infra arm plans to raise Rs. 500 cr via NCDs

Ø   L&T Construction wins orders worth Rs. 3,039 cr

Ø  NTPC total installed capacity rises to 48,028 MW



Ø  RIL-ONGC dispute: Justice Singhvi appointed arbitrator

Ø  ICICI Bank registers the first case under the bankruptcy code

Ø  GMR Enterprises raises Rs220 crore from VTB Capital

Ø  Snapchat buys Israeli augmented reality start-up Cimagine

Ø  Abertis buys two Macquarie toll road assets for Rs1,000 cr

Ø  NBFCs seek more time to classify defaults as NPAs

Financial Express



Financial Chronicle

Ø  Not in talks with PayPal on stake sale: FreeCharge

Ø  Paytm launches 100-member merchant helpdesk

Ø  Behind Ratan Tata-Cyrus Mistry clash, a distinct set of governance rules

Ø  OMCs eye over 50% of retail sales in cashless mode by March



Ø  Modi eyes real estate assets in drive against graft

Ø  Sebi puts in place disclosure norms for REITs

Ø  Demonetisation to help allot more funds to welfare scheme: Govt

Ø  Nifty slumps to 7-mth low, Sensex tanks 234 pts

NIFTY BANK VIEW:

Nifty Bank (17884)

Nifty bank has bounce back zone @ 17800- 17600.

If bounces from here it can ride up to 18000-
18900.

Any close below 17600,
it can slide to 16800.

NIFTY VIEW: 

Nifty 50 (7985)

Nifty showed holding support signals as 7900..7940 is historical bounce back zone on friday but gave a close with a neutral doji.

Being an expiry week most trading sessions can be volatile.

Last hope of support to hold the selling pressure of last trading days is 7880..7940 zone.

Close and maintain below 7870 can show 7540- 7300 in coming months.

Resistance zone lies @ 8000...8270..8300.

Economic Times

Business Standard

Ø  Govt has no plan to hike captial gains tax: FM

Ø  Shortage of taxmen may derail black money hunt

Ø  Aadhaar-linked cashless merchant solution by IDFC

Ø Restrictions on withdrawals likely to continue

Ø  ONGC to pay over $1.2 billion for GSPC stake buy

Ø  SBI, other banks may cut lending rates in new year

Ø  Govt working on new power tariff structure



Ø  Budget to assume crude oil price of $55-60/bbl for FY18

Ø  RBI refuses to disclose minutes of demonetisation meeting

Ø  Money has lost its 'anonymity' after demonetisation: Jaitley

Ø  Tata Housing, Macquarie form Rs 2,000 cr fund

Ø  Apparel exports to cross $30 bn mark in next 3 years: AEPC

Ø  M&M to hike vehicle prices by up to Rs 26,500 from January

Ø  Public auditors' body demand for more power to PAC, audit of FIs

Business Line



Mint

Ø  Prime Minister Modi hints at more reforms

Ø  Camlin Fine to acquire 51% stake in Chinese firm

Ø  Maruti to get 10,000 Balenos from Suzuki's Gujarat plant this fiscal

Ø  PFRDA mulls various withdrawal options to optimise pension 

Ø  Balrampur Chini gets green nod for Rs. 72-cr expansion project



Ø  China fines GM unit $29 million for ‘price-fixing’

Ø  RTOs set to go cashless from January 2017

Ø  How Deutsche Bank’s big bet on Wall Street turned toxic

Ø  Tata Steel to acquire Brahmani River Pellets for Rs900 crore

Ø  Welspun Enterprises to divest 15.49% in Welspun Energy

Ø  Wipro agrees to pay $5 million to SEC to settle six-year-old case

Financial Express



Financial Chronicle

Ø  About 75% of targeted 60,000 officers trained for Goods and Services Tax

Ø  India may clock GVA growth of 6.6 per cent in 2016-17: Icra

Ø  PFRDA mulls various withdrawal options to optimise pension

Ø  Tilaiya UMPP: Panel seeks fresh comments from Ministry of Power, others



Ø  Special session on GST likely if vexed issues are resolved

Ø  Sebi goes green; debt security papers via electronic mode

Ø  Cosolidated SME, corp data with banks to improve lending: CII

Ø  FPIs pull out $ 3.5b from capital markets in December

Ø  Equity MFs add 25 lakh investor accounts in Apr-Nov FY17

Market Update:

Sgx Nifty +9 pts
‎Dow +14.93 pts ,Nsdq +15.27 pts , S&P +2.83 pts , Bovespa +687 pts , Ftse +4 pts , Dax -6 pts  , Cac +5 pts , Nikkei  -23 pts now , Crude @ $53.03 brl (+0.07 ), Brent @ $55.16 brl (+0.11) , Gold @ $1133.60 (+2.90), Silver @ $15.79 (+0.02), Euro @ $1.0451, JPY @ $117.3400, INR @ $67.8250

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.5373%

Today's Corporate Action
26th Dec  Ex Date

BALMLAWRIE
Bonus issue 3:1
‎

NIFTY BANK VIEW:

Nifty Bank (17903)

Nifty bank has given a gap down close and if trades below 17830, can slide down 17780-17690-17600.

Close above 18000, can show some pull back to 18200.

NIFTY VIEW:

Nifty 50 (7979)

Nifty has given close below 8000 and its heading towards 7940..7920 ..7880.

If trades above 8000 it can rise up 8040 ..8060..

Market Update

Sgx Nifty -12 pts
‎Dow -23.08 pts ,Nsdq -24.01 pts , S&P -4.22 pts , Bovespa -391 pts , Ftse +22 pts , Dax -12 pts  , Cac +0.81 pts , Nikkei  Clsd , Crude @ $52.73 brl (-0.22 ), Brent @ $55.05 brl (+0.59) , Gold @ $1130.30 (-0.40), Silver @ $15.88 (+0.001), Euro @ $1.0438, JPY @ $117.5600, INR @ $67.9900



Today's Corporate Action
23rd Dec  Ex Date

‎
None‎


Today's Data Alert


Dec 23: WMA and forex reserves as of Dec 16, by RBI.



Today's Global Data



Dec 23: US Foreign Central Bank Holdings; 0300 IST

Dec 23: US Federal Discount Window Borrowings; 0300 IST

Dec 23: US Money Stock Measures; 0300 IST

Dec 23: Germany Jan GfK consumer climate survey; 1230 IST

Dec 23: UK Jul-Sep Business investment revised results; 1500 IST

Dec 23: UK Jul-Sep Quarterly national accounts (GDP); 1500 IST

Dec 23: UK Oct UK monthly service sector figures; 1500 IST

Dec 23: UK Jul-Sep Balance of Payments; 1500 IST

Dec 23: UK: Financial markets early close for Christmas;1800 IST

Dec 23: US Nov New Residential Sales; 2030 IST

Dec 23: US Dec University of Michigan final Survey of Consumers; 2030 IST

Dec 23: Japan Financial markets closed for Emperor's Birthday.

Business Standard

Ø  Nusli Wadia removed from Tata Steel board

Ø  Crackdown on cash imperils pivotal tax reform GST

Ø  'India's gas targets would need $10 bn investments'

Ø  Use old notes to pay taxes, penalty under IDS: Govt

Ø  Cisco to set up cyber security centres in India 

Ø  Govt formulating National Policy for Adv Manufacturing

Ø  Volkswagen reaches compensation deal with 80,000 US owners

Ø  Note ban shaves Rs 1.2 lakh cr off consumer goods' stocks

Ø  'Demonetisation may have cost banks Rs 3,000 cr per day'

Ø  GST Council to discuss crucial issue of dual control on Friday

Ø  Rel Jio case: No interim relief for Vodafone from Delhi HC

Ø  P-Notes investments fall to 33-month low at 1.8 lakh cr in November

Ø  Gems and jewellery exports to EU worth $3 bn at risk

Ø  Mistry's interim relief plea rejected by Company Law Tribunal

Business Line


Mint

Ø  High Court adjourns sine die pleas against demonetisation

Ø  Parking space proof may be mandatory for vehicle registration: Govt

Ø  Zicom’s initiative to be expanded to more cities

Ø  Welspun Enterprises approves Rs. 227-cr buyback offer

Ø  CBDT identifies 67.45 lakh potential non-filers in 2015-16

Ø  HDFC Mutual files papers for MSCI India Domestic ETF

Ø  RBI policy committee puts focus on inflation as global risks mount

Ø  Sun Pharma to acquire Novartis’s cancer drug Odomzo for $175 mn

Ø  Cloud is the biggest trend impacting networking industry: Juniper CEO

Ø  Suzlon to sell 49% stake in solar project to Canadian firm AMP Solar

Ø  RCom delivers another big fat deleveraging

Financial Express


Financial Chronicle

Ø  Nifty closes below 8000, wait for weekly closing to form a directional view: Experts

Ø  Paytm still facing glitches; users complain of payment issues

Ø  N Srinivasan resigns from United Breweries and McDowell Holding board

Ø  Kingfisher Villa again fails to find takers in re-auction

Ø  Wadia invites the wrath of Tata Motors investors

Ø  ED picks up Kolkata-based Lodha

Ø  Acharya panel report ready, Jan-Dec likely to be new FY

Ø  Demonetisation will make real estate market transparent

Ø  I-T Dept cautions taxpayers against sharing user ID, password

NIFTY BANK VIEW:

Nifty bank (18084)

Nifty bank is trading near its bounce back zone of 18000 ..17940.

 If breaks it can slide to 17780..17600.

If holds and reverse the move can be sharp to 18300..18400

NIFTY VIEW:

Nifty 50 (8061)

Nifty is trading near its support zone of 8040..8000.

If reverse from here can ride upto 8200.

If breaks can slide to 7920..7880.

Market Update

Sgx Nifty -15 pts
‎Dow -32.66 pts ,Nsdq -12.51 pts , S&P -5.58 pts , Bovespa +63 pts , Ftse -2 pts , Dax +3 pts  , Cac -16 pts , Nikkei  -82 pts now , Crude @ $52.59 brl (+0.10 ), Brent @ $54.46 brl (-0.89) , Gold @ $1133.10 (-0.10), Silver @ $16.01 (+0.03), Euro @ $1.0426, JPY @ $117.6200, INR @ $67.9138

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.5292%

Today's Corporate Action
22nd Dec  Ex Date

INFINITE
Buy Back of Shares 


Today's Global Data

Dec 22: UK Dec CBI Growth Indicator Survey; 0531 IST

Dec 22: UK Dec UK Consumer Confidence Survey; 0531 IST

Dec 22: UK Nov UK monthly automotive manufacturing figures; 0531 IST

Dec 22: Germany Nov Foreign trade price indices; 1230 IST

Dec 22: EU ECB Economic Bulletin; 1430 IST

Dec 22: US Nov Chicago Fed National Activity Index; 1900 IST

Dec 22: US Jul-Sep Revised Corporate Profits; 1900 IST

Dec 22: US Jul-Sep 3rd estimate GDP; 1900 IST

Dec 22: US Nov Advance Report on Durable Goods; 1900 IST

Dec 22: US Jul-Sep 3rd estimate GDP; 1900 IST

Dec 22: US Nov Advance Report on Durable Goods; 1900 IST

Dec 22: US Unemployment Insurance Initial Claims Report for week ended Dec 17;1900 IST

Dec 22: US Weekly Export Sales; 1900 IST

Dec 22: US Oct Monthly House Price Index; 1930 IST

Dec 22: US Bloomberg Consumer Comfort Index; 2015 IST

Dec 22: US Nov Leading Indicators; 2030 IST

Dec 22: US Nov Personal Income & Outlays; 2030 IST

Dec 22: US EIA Natural Gas Storage Report for week ended Dec 16; 2100 IST

Dec 22: US Dec Federal Reserve Bank of Kansas City Survey of Tenth; 2130 IST

Dec 22: EU Nov New Commercial Vehicle Registrations in Europe
 Statistics

Dec 22: Japan Oct Final Labour Survey - Earnings, Employment & Hours Worked

Economic Times

Business Standard

Ø  RBI exempts KYC-compliant a/cs from interrogation 

Ø  Tata Group was in talks with Voda for consolidation

Ø  Oil seen at $100 by end 2018 in lottery ticket options trade

Ø  GST Council to consider model laws today

Ø  Just 1% Indians pay Income Tax: NITI Aayog CEO

Ø  Texmaco, Kalindee Rail get Delhi HC nod for merger

Ø  Banks to again auction Kingfisher Villa today

Ø  Govt waives transaction fee on electronic transfer 



Ø  Bank recapitalisation plan on course

Ø  Monetary Policy Committee agreed on no rate cut

Ø  RCom completes tower arm sale to Brookfield Infra for $1.6 bn

Ø  Currency worth Rs 5.92 lakh cr issued since demonetisation

Ø  Govt clears ordinance to let companies pay salary via e-mode, cheque

Ø  Nomura growth indices plunge to lowest level since 1996

Business Line



Mint

Ø  RBI monetary policy panel puts focus on inflation as global risks mount

Ø  PE firm Advent buys 41% stake in ASK Group for ₹848 crore

Ø  BSE Brokers Forum ropes in CEOs of PhillipCapital, Zerodha to its board

Ø  Pulse buffer-stock seen missing 20-lakh-tonne target

Ø  IDS disclosure figures to be revised lower to Rs. 55,000 cr

Ø  Gujarat farmers return to isabgol with an eye on export market



Ø  Cyrus Mistry wants Ratan Tata restrained from attending board meetings

Ø  By 2020, 50% of Tech Mahindra’s business will come from IT: CEO CP Gurnani

Ø  TDK agrees to buy InvenSense for about $1.3 billion in cash

Ø Demonetisation drives up card swipes but average value falls: SBI report

Ø  EC to ask tax authorities to look into finances of 200 political parties

Financial Express



Financial Chronicle

Ø  India's crackdown on cash imperils pivotal national tax reform

Ø  Google employee sues company for conducting 'spying program': report

Ø  Nokia sues Apple for infringing technology patents

Ø  BSNL customers to get 0.75% discount on e-payment of bills



Ø  ATM, high-value cash withdrawals to attract handling charge

Ø  Power secy Pujari, Shaktikanta Das in Sebi chief race

Ø  Another independent director Darius Pandole quits TGBL board

Ø  RBI slaps fine on 5 foreign banks for violating FEMA rules

Ø  Govt, bank unions on collision course

Nifty 50 (8082)

Nifty yesterday made a low 8062 and is trading around its support zone of 8040..8060.

Today if holds 8060..8040 which it did yesterday in last hours of trading can move to 8120..8160.

Break through 8040 can slide to 8000..7920.

Economic Times

Business Standard

Ø  Ordinance likely for wage payment via e-mode, cheque

Ø  Vedanta slapped with $100 mn settlement in UK court

Ø  Note ban may yield lasting benefits: Crisil

Ø  Tata Steel EGM to decide on Nusli Wadia today

Ø  'Bringing back foreign stash will be real test of will'

Ø  Bajaj Hindusthan to sell power biz to gr firm for Rs 1800 cr

Ø  GCPL fully acquires Kenyan co Charm Industries

Ø  Fitch downgrades RCom to B+, placed its IDRs on Watch Negative


Ø  Govt plans tax exemption threshold for political parties

Ø  Diversify market and currency risk with US funds

Ø  For Rs 500 note, RBI pays Rs 3.09; Rs 3.54 for Rs 2,000 note

Ø  GM to hike prices by up to Rs 30,000 from January

Ø  Reliance Home Finance to raise Rs 3,500 cr through NCDs

Ø  I-T dept detects Rs 3,185 cr black income; seizes Rs 86 cr in Rs 2,000 notes

Ø  Cognizant buys Norwegian unit, boosts operations in oil and gas

Ø  Treasury gains may help banks offset Q3 pressure

Business Line

Mint
Ø  Rupee dives to 68.05 against dollar

Ø  Airtel to acquire Orascom’s stake in MENA undersea cable firm

Ø  AMFI bats for US’ 401(k)-like product in Budget proposals

Ø  IDS-II to fund Pay Commission hikes, PSU bank recap: BofA-ML

Ø  PFC to offer TV sets for 1,600 villages in Arunachal

Ø  ‘Developers of new SEZs need security clearance from Home Ministry’


Ø  Banks unions call for agitation over note ban-related issues

Ø  Cyrus Mistry moves National Company Law Tribunal against Tata Sons

Ø  Arun Jaitley says RBI prepared to deal with currency shortage beyond 30 December

Ø  PSU banks seek higher capital infusion from govt

Ø  Delinquencies in medium-heavy commercial vehicles to rise if IIP fall continues

Financial Express

Financial Chronicle
Ø  Demonetisation: Bank deposits may be subjected to investigation 

Ø  High Court asks Service Tax Department to revalue Vijay Mallya's plane

Ø  UTI confident of IPO in H2 of '17; to use proceeds for buyouts

Ø  In Trump cabinet, Commerce Secretary will run trade policy


Ø  Axis Bank assures govt of action against errant officials

Ø  Mistry says no chance of truce, vows to 'fight' it out

Ø  Bourses get more time for mechanism to monitor brokers

Ø  Jaitley bats for outsourcing of railways' non-core functions

Ø  LPG subsidy:I-T to inform Oil Min on taxpayers earning over Rs 10L

Market Update

Sgx Nifty +4 pts
‎Dow +91.56 pts ,Nsdq +26.50 pts , S&P +8.23 pts , Bovespa +471 pts , Ftse +26 pts , Dax +38 pts  , Cac +27 pts , Nikkei  +79 pts now , Crude @ $53.50 brl (+0.20 ), Brent @ $55.35 brl (+0.43) , Gold @ $1134.00 (+0.40), Silver @ $16.11 (-0.00), Euro @ $1.0394, JPY @ $117.8100, INR @ $68.0413

Today's Corporate Action
21st Dec  Ex Date

BANARISUG
Dividend - Rs. - 7.5000
JVLAGRO
Dividend - Rs. - 0.1000
SHRGLTR
Stock  Split From Rs.5/- to Rs.1/-
TTIENT
Consolidation of Shares 
‎
Today's Data Alert

Dec 21: Money supply as of Dec 9, by RBI.