INDIAN MARKETS:
SENSEX:27811.84(-84.13)
NIFTY:8381.1(-16.9)
BANKNIFTY(CASH):18371.5(-121.4)
SGXNIFTY:8379.5(-49.5)

EUROPEANMARKETS:
FTSE:6744.78(-63.36)
CAC:5017.04(-24.67)
DAX:11412.34(-60.79)

ASIAN MARKETS:
NIKKIE:20706.15(-65.25)
STRAITS:3320.9(-28.97)
HANGSANG:26663.87(-481.88)
SHANGHAI:4193.64(-334.14)

US FUTURES ON NSE:
DOW FUT:17857.5(-135)
S&P500 FUT:2096.25(-11)

Nifty ends below 8,400; banks, capital goods shares drag

Lactose (India) hits upper circuit

NBCC gains on securing order from Delhi Development Authority

Reliance Communications rallies after multiple block deals

IT shares buck weak market trend; TCS, Infosys up 1%

Cyient gains on FII buying

SRF hits lifetime high

Welspun Corp hits 52-week high on promoters' stake hike

Mastek extends rally after Cover-All Tech shareholders approve merger

MSRTC plans to launch mobile app, on-board food facility

Ericsson appoints Paolo Colella as India head

AirAsia India puts growth on hold while govt dallies over reforms

CreditMantri raises $2.5 mn in first strategic funding round

Reliance, ICICI to manage Rs 60,000-cr coal PF corpus

Essar's UK refinery turns a corner

Further hike in steel import duty unlikely: JSW Steel chief

Essar Oil UK posts $70 million profit in FY15

Reliance Retail floats jewellery scheme

Ericsson appoints Paolo Colella as India Head

Recall on course, Nestle to burn 30,000 tonnes of Maggi by July

GoAir's big test begins from 2016

Bhushan Steel chalks out plan to improve cash flows

Prov Figs as on 26-Jun-2015 

FII/FPI
Buy Value: 3326.73
Sell Value: 3530.47
Net Value: -203.74

DII
Buy Value: 1775.66
Sell Value: 1541.45
Net Value: 234.21

Cnx nifty is trapped in a range of 8330..8440 

Break towards 8440 has multie resistance till 8500 

Break towards 8330 can show 8280..8180 range

Close abv 8500 can show 8800

# DEPOSITS AT GREEK BANKS FALL IN MAY BY 3.6 BLN EUROS TO 135.7 BLN EUROS - ECB - RTRS
# LITHUANIA PRESIDENT SAYS AGREEMENT STILL POSSIBLE ON GREECE - RTRS
# GREEK PM TSIPRAS TO HOLD TALKS WITH GERMANY'S MERKEL AND FRANCE'S HOLLANDE ON FRIDAY - GREEK GOVT OFFICIAL

CALL ON JUST DIAL

Sell just dail ltp 1236 sl 1266 trgt 1188

CALL IN NIFTY

Sell nifty jul fut ltp 8374 sl 8440 trgt 8340/8288
Add qty if rises to 8400
Nifty low made 8350 ...heading near its trgt 8340
FRST TRGT ACHVD

Gave oppurtunity to sell again at 8400

Market Update:
Sgx Nifty -35 pts
Dow -75.71 pts ,Nsdq -10.20 pts , S&P -6.27 pts , Bovespa -666 pts , Ftse -36 pts , Dax +1 pts, Cac -3 pts, Nikkei  -28 pts , now, Crude @ $59.70/brl (-0.57) Brent @ $63.35 (+0.15), Gold @ $1174.40 (+2.60), Silver @ $15.88 (+0.04), Euro @ $1.120, JPY @ $123.536, INR @ $63.625



Today's Corporate Action 
26th June Ex Date

ALKYLAMINEDividend - Rs. - 4.00
KANSAINER Dividend - Rs. - 1.40 
SIYSIL Dividend - Rs. - 10.00


Today's Global Data


Jun 26: UK Jun Hometrack UK cities house price index; 0431 IST

Jun 26: Japan May household spending; 0500 IST

Jun 26: Japan May labour force survey; 0500 IST

Jun 26: Japan May consumer price index; 0500 IST

Jun 26: Eurozone May monetary developments in the euro area; 1330 IST

Jun 26: UK May land registry house price index; 1400 IST

Jun 26: US Jun University of Michigan survey of consumers; 1930 IST

Jun 26: Eurozone May new commercial vehicle registrations in Europe
statistics

Six Maharashtra co-operative banks in Rs 10,000 crore fraud:

Cooperative banks have once again come under the scanner of the income-tax (I-T) department. While the department suspects a mega fixed deposit (FD) scam spread over several co-operative banks.

BREAKING NEWS:

 ET NOW EXCLUSIVE: Indusind QIP of 4500 cr opens today. Pricing at `840 - 865 per share. CLSA, Morgan Stanley, JM Financial are bankers. 5 cr shares to be offered.

U.S. weekly jobless claims rise 3,000 to 271,000

 Prov Cash: Rs.crs: 
FIIs: +280.21 (6954.03-6673.82)
DIIs: -8.45 (2868.45-2876.90)
Cash Vol: 23349 vs 18672, +25%
F&O Vol: 537609 vs 419956, +28%

*Nifty OI @ Jul Inception 1.46cr shs(+9.6%) vs 1.33cr shs in Jul; Jul Basis @ +23pt vs +9pt
*India VIX @ 15.93(+0.1%), ATM IVs @ 14.8% vs 15.1%
*Nifty Jul Opt OI Chg: in lks:
8400CE:+4.39
8500CE:+9.03
8600CE:+4.20
8700CE:+4.69
8800CE:+5.98
8900CE:+2.80
9000CE:+4.77

7800PE:+4.16
7900PE:+2.08
8000PE:+2.29
8100PE:+2.25
8200PE:+4.91
8300PE:+9.07
8400PE:+4.27
8500PE:+3.90
*Highest OI @ 7900PE:50.35 & 8500CE:25.58

Tech Mahindra and HCL Tech fall more than 2 percent - top Nifty losers

PM Modi Slams Builder Lobby. Says Real Estate Looby looting weaker sections of society. 

Time for realty prices to come down, focus on low cost Smart Cities housing.

GREECE

PM Modi to launch the Smart Cities and Atal Mission for Urban Rejuvenation(AMRUT/earlier JNNURM) with budgeted spending of ~Rs500bn over 5 years. AMRUT spending in 500 cities to benefit Metros(Larsen, BEML,ABB, Siemens), Sewerage Treatment(VA Tech), Roads and transport(Ashok Leyland, Cummins). Key beneficiaries of Smart City(100 cities) are Schneider Electric, ABB, Siemens and Va Tech.

Buy Eq Tatamotors ltp 434 sl 416 add Qty if fall 424 trgt 446/464
High made 438.60

TATA MOTORS N ASHOK LEYLAND also get benefits from Smart City projects watch n catch..

CNX NIFTY

BE CAUTIOUS 

CNX NIFTY 

INTRADAY RESISTANCE 8370...80 ZONE

POSITIONAL RESISTANCE ZONE
8440...8500

WE CAN SEE SELLING AND FALL UPTO 
8140..80 IN COMING DAYSINTRADAY RESISTANCE GVN

TODAY'S HIGH 8371.70

11.06.15 Call @10 .08

BUY MOTHERSUMI FUT 480/484 TGT 499/509/519 SL SPOT BELOW 470...

All trgt achvd

Economic Times

 Business Standard
Ø  India leads FDI in S.Asia with 34 bn investment
Ø  Bharti Airtel files FIR; accuses Rel Jio of using data
Ø  Sebi to soon come out with crowd-funding norms
Ø  India to ship 16.5mn tonnes of iron ore to Japan, S Korea
Ø  France, Saudi to sign contracts worth $12-bn: Fabius
Ø  Essar Oil UK gets new long term working cap funding
Ø  Tech Mahindra to set up healthcare unit with $94 million outsourcing deal

Ø  More time may be needed to reach Greece deal: Euro FMs
Ø  Blips in coal auction due to over-enthusiastic bidders: Coal secretary
Ø  Sebi to start commodity brokers' registration from August
Ø  BASF commissions pilot plant for PU-aerogel insulating panels in Germany
Ø  Adani stops work at Australia coal mine due to delays, rejigs budget
Business Line

Mint
Ø  Greece bail out: Lenders reject some proposals
Ø  Grex to roll out online platform for unlisted firms to raise capital  
Ø  Govt to use 20% diesel requirements through bio-diesel
Ø  NSQF compliance to be mandatory for Govt funding: Rudy
Ø  Crude oil import bill may decline to $88 bn in FY16
Ø  L&T arm wins offshore contract worth Rs. 2,715 cr  

Ø  Saroj Poddar’s Texmaco Rail to merge Kalindee Rail with itself
Ø  Finance ministry to asses capital requirement of PSU banks
Ø  Road sector will see investments of over Rs1 trillion this fiscal: Vijay Chhibber
Ø  HUL in talks to buy Indulekha hair oil for Rs500 crore
Ø  MF distributors to manage assets worth Rs23 trillion by 2020: report
Financial Express

Financial Chronicle
Ø  RBI Chief sees little impact of Greece crisis on India
Ø  PM Modi voices concern over infrastructure projects delays
Ø  HC adjourns Aberdeen MAT case hearing to next week
Ø  Economic recovery more statistical than real: Yashwant Sinha
Ø  GMR Infra seeks 5/25 rejig of Rs 37,000 cr debt

Ø  Govt to put 8 coal mines on block post 3rd round of auction
Ø  Govt to weed out root cause of black money: Jaitley
Ø  Cognizant, Escorts forge multi-million dollar deal
Ø  Sebi approves reclassification of promoters
Ø  US economy contracts in Q1, but bounceback is on
Ø  Cheap oil spells 21.7% savings for India

Cnx nifty (8360)

Nifty finally has made a dip in this rally .
If it maintains below 8330 we can see 8280 /8250 coming 
Being expiry day today we can see volatality 
Uptrend can resume only abv 8500 with a breakout.

US News alert by Rcomm: USD Final GDP q/q Actual -0.2 %, Forecast -0.2%, Previous -0.7%

Volume Report :

Sun TV Network [-8.96%] topped by trading 3.7 times its 3-week average volume.

High (rupee) volume activity today was also recorded in 

Cummins India [+0.19%], 
Jet Airways [+1.42%],
Karnataka Bank [+0.45%], 
OnMobile Global [+2.07%], 
Castrol [-1.99%], 
Colgate [+2.46%], 
Ultratech Cemco [-1.60%], 
Aurobindo Pharma [+3.34%] and 
Jain Irrigation [-1.44%] (descending order). 

They all traded over 2.5 times their average daily volume (BSE+NSE) of the last three weeks.

These are the volume toppers from the 240 most active stocks.

Prov Figs as on 24-Jun-2015 

FII/FPI
Buy Value: 4491.20
Sell Value: 4398.63
Net Value: 92.57

DII
Buy Value: 1721.09
Sell Value: 1707.57
Net Value: 13.52

*Stk OI chg: (by highest %)
 -Fresh Longs:  IBREL, KBL, DABUR, WPL, Z, CLGT, BHEL, PTCIN, HUVR, APHS, ADANI.
 -Fresh Shorts: SUNTV, MCLR, TVSL, DEWH, STR, PLNG, CSTRL, SRF, IFCI, ADSEZ.
 -Short Cover:  MMFS, UT, JSW, CESC, IIB, MSS, LICHF, NHPC, HCLT, UBBL, APNT.
 -Long u/w's:   HAVL, RCOM, UNBK, ONGC, IOB, TATA, ENGR, PNB, ICEM, BOB, GDSP.

*Top OI Gainers:
SUNTV(+31%, -8.8%), MCLR(+23.4%, -2.6%), IBREL(+20%, +1.3%), TVSL(+19.4%, -2%), DEWH(+18.8%, -1.2%), STR(+17.3%, -1%), PLNG(+12.7%, -0.5%)

*Top OI Losers:
HAVL(-15.7%, -1.6%), RCOM(-13.3%, -3%), UNBK(-13%, -4.8%), ONGC(-12.8%, -0.4%), IOB(-11.4%, -1%), TATA(-10%, -3%), ENGR(-9.4%, -3%)

*Nifty fut OI +23.49lk shs(+12.7%); Disc -11 vs -4
*BkNifty OI -1.27lk shs(-4.7%)
*IndiaVix @ 15.92 (+5.8%); JUL IVs @ 15.2% vs 13.6%
*Nifty Jun Opt OI Chg: in lks:
8200CE:-4.62
8300CE:-4.95
8350CE:+6.44
8400CE:-1.85

8200PE:-7.17
8300PE:-8.56
8350PE:+5.10
*Highest OI @ 8200PE:51.02 & 8500CE:47.20

MARKET UPDATES

INDIAN MARKETS: 
SENSEX:27729.67(-74.7)
NIFTY:8360.85(-20.7)
BANKNIFTY(CASH):18365.55(-25.8)
SGXNIFTY:8342(-39)

EUROPEAN MARKETS:
FTSE:6852.47(+17.6)
CAC:5027.61(-30.07)
DAX:11420.85(-121.69)

ASIAN MARKETS:
NIKKIE:20868.03(+58.61)
STRAITS:3351.33(+11.55)
HANGSANG:27404.97(+71.51)

US FUTURE ON NSE:
DOW FUT:18017.5(-67.5)
S&P500 FUT:2111.5(-5.75)

GAINERS:
BHEL:+4.22%
ZEE:+2.79%
HUL:+2.38%
LUPIN:+1.92%
SUNPH:+1.56%

LOSERS:
PNB:-3.6%
HINDALCO:-3.58%
BOB:-2.93%
TATASTL:-2.72%
M&M:-2.53%

 Markets end lower amid volatile trading session

 Chennai Petroleum zooms 100% in one month

 Cadilla Healthcare gains on USFDA nod for neurological drug

 Sun TV Network extends decline on heavy volumes

Infinite Computer gains on board approval for share buyback proposal

 Persistent Systems dips post Q1 revenue growth outlook

 Essar Oil UK secures new long-term working capital facilities for Stanlow refinery

 After Maggi, Nissin's Top Ramen under scanner for containing lead

 Vedanta to set up 4,000 anganwadi centres in India

 Sebi bans three firms from raising money from public

 Zydus wins USFDA nod for neurological drug

 Gujarat Pipavav suspends port operations due to cyclonic conditions

 Adani stops work at Australia coal mine due to delays, rejigs budget

 Startup News: Porter raises Rs 35 crore from Sequoia, Kae, others

 Adani halts work on Australia's Carmichael coal mine project: report

 Boeing names Muilenburg as new CEO

NATURAL GAS IS SHOWING SIGNS OF SUPPORT, 172.40 - 172.80  ZONE ABOVE 178, WE CAN SEE A GOOD MOVE .                                                                                               AND IF IT BREAKS 172 LEVELS FURTHER SELLING CAN BE SEEN .
Has broke 178

BSE metals index falls 1.6 percent, realty, PSU and oil & gas indexes down nearly 1 percent - top sectoral losers

Top Nifty gainers - BHEL rises 3.8 pct, Zee Entertainment gains 3.3 pct, Lupin rises 19 pct,

Top Nifty losers - Hindalco loses 3.8 pct, PNB down 3.8 pct, Bank of Baroda loses 3.4 pct

• GOLD IS SHOWING CONSOLIDATION TODAY AFTER A FALL OF 3 DAYS FROM 27245 - 26535 .                                                                                                                                  
• IF IT MANAGES TO TRADE ABOVE 26680 WE CAN SEE SOME BOUNCE BACK, IF IT BREAKS TO 26500, SELLING PRESSURE CAN TAKE PLACE.

• CRUDE IF MAINTAINS ABOVE 4000, WE CAN SEE IT BREAKING FROM A RANGE OF TWO MONTHS. 
• IF FACES RESISTANCE (3940-3990) ,WE CAN SEE IT FALLING TOITS SUPPORT ZONE OF 3800 .
• CRUDE INVENTORY DATA WILL FURTHER SHOW THE MOVE TODAY.

CALL ON NATURAL GAS

NATURAL GAS BUY 173.60 SL 172 TRGT 177.40
Trgt achvd
ABOVE 178, WE CAN SEE A GOOD MOVE AND IF IT BREAKS 172 LEVELS FURTHER SELLING CAN BE SEEN .
Has broke 178
High made 183.30

CALL ON RELIANCE

Sell Rel Capital ltp 358 sl 372 trgt 354/347/342
Sl hit

Stock of the month June

1st june 
Buy Biocon ltp 460 add more quatity if falls to 440 lvls sl 420 on closing basis trgt 494++

18.06.15 made high of 476
Low is 429 on 4 th june
Today it has crossed 476 made high of 478 

We can see our trgt by the end of this month

HSBC raises Britannia Industries target price to 2,800 rupees from 2,700 rupees; rating hold.

11.06.15 Call @10 .08

BUY MOTHERSUMI FUT 480/484 TGT 499/509/519 SL SPOT BELOW 470...

Second trgt achvd

Positive for lupin sunph
15 years tax holiday
Bulk drug policy to be passed in cabinet today.

NIFTY

If cnx nifty breaks 8360 we can see 8280 lvls

CNX NIFTY (8381)

Due to expiry we can see volatality in market

Nifty can show uptrend abv 8400 upto 8440/60/80
8500

Strong support 8360 ..50
Resistance 8440..60..80 zone

Market Update:

Sgx Nifty 18 pts




Today's Corporate Action 
24th June Ex Date

ASIANPAINT Final Dividend - Rs. - 4.3000
CANFINHOME Dividend - Rs. - 7.00
LANCORHOL Bonus issue 1:1 


Today's Global Data


Jun 24: US American Petroleum Institute weekly statistical bulletin for the week ended Jun 19; 0200 IST

Jun 24: Japan May Bank of Japan policy meeting minutes; 0520 IST

Jun 24: Germany Jun Ifo business climate index; 1330 IST

Jun 24: UK May British Bankers' Association main high street banking groups
Statistics; 1400 IST

Jun 24: US Mortgage Bankers Association weekly mortgage applications survey
for the week ended Jun 19; 1630 IST

Jun 24: US Jan-Mar third estimate of gross domestic product; 1800 IST

Jun 24: US Jan-Mar revised corporate profits; 1800 IST

Jun 24: US Energy Information Administration weekly petroleum status report
for week ended Jun 19; 2000 IST

Jun 24: UK OECD Local Economic and Employment Development forum on
partnership and local development annual meeting

Jun 24: German Chancellor Angela Merkel meets UK Prime Minister David
Cameron in Berlin

Jun 24: UK financial policy committee meeting, attended by Bank of England Governor

Jun 24: Eurozone quarterly report on the euro area

Economic Times

Business Standard
Ø  Sebi rejigs IPO norms; halves listing time to 6 days
Ø  India to inject about $3 bn this fiscal year in state-owned banks
Ø  RIL investors concerned over its media, telecom bets
Ø  Infosys grants 124,061 restricted stock units to Vishal Sikka
Ø  3M buying Capital Safety from KKR for $1.8 bn
Ø  Top BSE stakeholder urges FM to review exchange norms
Ø  El Nino phenomenon to have no impact on monsoon rains: Expert

Ø  FMC's merger with SEBI by September
Ø  Govt notifies new, simplified incom tax returns forms
Ø  Private sector investments imperative for growth: Jaitley
Ø  Co-payment in health insurance only after netting hospital discounts, says IRDAI
Ø  RIL, ONGC, SBI, BHEL, L&T could be out of Sensex in 10 years: Ambit Capital
Ø  GMR Infrastructure seeks loan recast under 5/25 scheme
Business Line

Mint
Ø  ECB raises emergency funding for Greek banks 
Ø  Land Bill: Jaitley hints at joint session of Parliament 
Ø  FSSAI extends ban on Chinese milk products 
Ø  Concluding trade pact with India is Australia's top priority: Andrew Robb
Ø  BHEL commissions 250-MW thermal unit in Assam
Ø  SoftBank keen on working with AP in renewable energy sector 

Ø  Sebi approves trading platform for start-ups
Ø  Investments surge in India’s telecom industry
Ø  All tax refunds to be put directly in bank accounts, says CBDT
Ø  L&T Infotech to list on exchanges by December 2015: report
Ø  Videocon will be an oil and gas firm in three years: Venugopal Dhoot
Ø  Govt mulls roping in states for commercial mining of coal
Financial Express

Financial Chronicle
Ø  Fin Ministry reduces penalty for customs duty fraud by 10%
Ø  Govt has not decided on recapitalisation figures for banks: Arun Jaitley
Ø  Greece debt crisis: 11 keypoints in Alexis Tsipras's cash-for-reform proposals
Ø  BlackBerry first quarter software revenue jumps to $137 mn
Ø  Ashok Leyland wins $82 mn bus contract from Senegal

Ø  Mkts extend gain on above-normal monsoon, global cues
Ø  Indian biz sentiment boosted by June rate cut: Study
Ø  85% Indian retailers use emails for customer outreach
Ø  RBI external panel members backed rate cuts at June meet
Ø  Mahindras launch Jeeto CV, to invest `150 crore
Ø  Jubilant gets USFDA nod for generic levofloxacin tablets

MARKET UPDATES

Dow:18144       +24  +0.58%
Nasdaq:5160      +6  +0.72%
S&P500:2124     +1   +0.61% 
Nikkei:20867    +49  +0.22%
Infy: -0.95%,      Wit:+0.66%
Ttm: -0.96%,     Rdy:+1.17%
Hdb:+0.66%,     Ibn:+0.00% 
SBID:+0.57%, RIGD: -0.01%
Us/Inr: $63.61,  Eu/Us:1.11
DIX:  95.34,       JPY: 123.80
Gold: $1178, Silver: $15.78
Oil: $61.15,   Brent: $64.62
SGX Nifty: 8387.00 +6.00

NEWS ON ASHOK LEYLAND

Ashok Leyland wins $82 million bus contract from Senegal

Volume Report : 

Indiabulls Real [-1.92%] topped by trading 3.3 times its 3-week average volume.

High (rupee) volume activity today was also recorded in 

Eveready Ind [+4.43%], 
Rajesh Exports [+4.61%], 
Chennai Petro [+10.78%], 
Marksans Pharma [+1.79%], 
United Spirits [-2.03%], 
SRF [+0.56%], 
Arvind [+4.00%], 
NBCC [+2.35%], 
Snowman Logistic [+2.89%], 
Crompton Greaves [+2.16%], 
PNB [+3.74%] and 
Jubilant Food [-0.66%] (descending order). 

They all traded over 2.0 times their average daily volume (BSE+NSE) of the last three weeks.

These are the volume toppers from the 240 most active stocks.

GOLD 5th AUGUST ( 26702)

• GOLD POSITION TREND IS DOWN. 
• WE CAN SEE SOME PULL BACK FROM YESTERDAY'S FALL AS THE LOW IS BOUNCE BACK ZONE (26600-26700).
• IF GOLD BOUNCES FROM HERE AS TILL NOW THE LOW IS 26703 AND MAINTAIN ABOVE 26800 WE CAN SEE SOME RECOVERY.
• IF TRADES BELOW 26680 WE CAN SEE STEP FALL 26580.

CNX NIFTY 8375

Tomorrow if nifty maintains below 8360 we can see selling . If maintains abv 8400 we can see 8500

CALL ON NATURAL GAS

Sell NATURAL GAS JUN FUT @173
Add more around 174 sl 175 trgt 171.40/169.80

CALL ON NATURAL GAS

Sell NATURAL GAS JUN FUT @173
Add more around 174 sl 175 trgt 171.40/169.80

Call of 10 .06.15

Buy Voltas jun fut ltp 345 add more if falls to 332 sl 324 trgt 360/370

Today made high 359.80


Book profit

Trail sl to 350


ALMOST TRGT ACHIEVED..

CALL ON CRUDE

Buy crude oil @3820 trgt 3880/3940/3980 
sl 3750
Frst trgt achvd 
High made 3934
Almost second trgt achvd

MCX

Massive big news for MCX: SEBI to allow FIIs in commodity trading 

Sebi to pave way for foreign participation in commodity derivatives

Sebi board meet to discuss integration with commodities regulator, listing norms for start-ups and e-IPOs

CALL ON DISH TV

Buy Dish Tv ltp 107 sl 104 trgt 111.20
Our call dish tv has made a gud support at 104 zone it should go up 
But if for instance breaks 104 and maintains we can see 96 
Be cautious 

Cnx nifty (8353)

● Yesterday nifty showed one way rally to its stiff resistance of 200 sma 8361

● Today if it maintains abv 8360 we can see again rally to 8440/8460/8480

● If maintains below 8360 we can see it cooling down to 8290 lvls 

● We have been in a rally in one direction from last 7 working days .One dip is due in this market which will be a gud accumulating support for traders to enter .
● If we see a dip we can also see a inverse head and shoulder formation in daily charts in coming days

NEWS

3 event risks this week

·1 Greece deal: Risks not really priced into             Indian market. Expect RBI to defend                   Rs65/USD selling US$15bn if talks fail.
·2 US$5bn FPI G-sec limit hike: Expect soon if        Greek deal, with Fed dovish. Sovereign gold      bonds: Risky if price not hedged.
·3 SOI: Next 10-15 days will show if it continues     in neutral zone & eases El Nino/drought             concerns. Rains now 116% of normal.

Jubilant Life

JUST NOW : Jubilant Life gets USFDA approval for Levofloxacin oral tablet JUST NOW : Lupin board okays raising funds up to ₹7500 cr via securities issue

Morning Call – 23/06/2015

Markets ended higher amidst monsoon progress

Ø  Benchmark indices gained for the seventh straight day amid hopes on improvement in monsoon may lead to an earlier-than-expected rate cut by the RBI.
Ø  Global risk appetite was firm lifted by a wave of optimism that Greece and its international creditors would strike a last-minute deal that will see it avert default.
Ø  Indiabulls Real Estate surged 30% on reports its promoters will buy 10% stake in the property development company for INR 5.38bn.
Ø  Skymet suggest that 80% of cultivation areas have seen normal to above normal rains.
Ø  Road ministry and NHAI are looking to award 10,000km of road projects in FY16.

Global Macro
Ø  Sales of existing homes in US rose 5.1% in May to a seasonally adjusted annual rate of 5.35 million, hitting the fastest pace since November 2009.
Ø  Investor leverage in Chinese stocks fell to 1.479tn Yuan from 1.483 tn Yuan, making for the first decline since May 22.


Corporate Buzz

Ø  Wockhardt gets USFDA nod to market pain-relieving drug Oxycodone HCl liquid; market size estimated to be about USD 58mn.
Ø  Aurobindo Pharma receives final approval from the USFDA to manufacture and market two generic products, Entacapone tablets and Azithromycin injection.
Ø  Hero MotoCorp enters in to consumer electronics market by acquiring a majority stake in Mybox technologies; to invest INR 5bn over the next few years.
Ø  Reliance Jio gets provisional nod for TV content distribution at pan-India level in digital cable TV space; aims 100% national coverage within the next three years.
Ø  GVK Power and Infrastructure receives buy-out notice from APTransco.
Ø  Blue Dart Express buys majority stake (from 49% to 70%) in Blue Dart Aviation.
Ø  JSW Steel to drastically reduce iron ore imports in FY16 as the domestic iron ore production is set to increase this year.
Ø  SAIL prepares feasibility report to set up a 3 MT capacity integrated steel plant in Telangana.
Ø  ICICI Bank ties up with Alibaba to provide easy finance to SMEs.
Ø  Jain Irrigation expects INR 1bn export from Jalgaon unit annually.
Ø  L&T wins fresh orders worth INR 15bnfrom Emirates Global Aluminum and SAIL.
Ø  Tata Docomo launches free roaming incoming calls for 6 months for its pre-paid GSM and CDMA customers in Mumbai.

Ø  SoftBank, Bharti Enterprises and Foxconn to enter solar power; aim to set up 20 GW of solar power generation capacity over the next 10 years.



Outlook

Ø  Benchmark indices are likely to open on a flat note with positive bias amidst optimism as euro leaders seek a solution to the Greek debt impasse.

Market Update:

Sgx Nifty +6 pts
Dow +103.83 pts ,
Nasdaq +36.96 pts , 
S&P +12.86 pts , 
Bovespa +114 pts , 
Ftse +115 pts , 
Dax +420 pts, 
Cac +183 pts, 
Nikkei  +102 pts , 
now, Crude @ $60.18/brl (-0.20) 
Brent @ $63.21 (-0.13), 
Gold @ $1185.80 (+1.70), Silver @ $16.15 (+0.00), 
Euro @ $1.134, 
JPY @ $123.457, 
INR @ $63.515


Indian Adr/Gdr

Infy:+1.97%,     Wit:+0.75%
Ttm:+2.30%,    Rdy: -0.15%
Hdb:+2.64%,     Ibn:+1.07% 
SBID:+2.54%, RIGD: -0.79%

Today's Corporate Action 
23rd June Ex Date

CENTRALBK Final Dividend - Rs. - 0.50 
INDIANB Dividend - Rs. - 4.20 UCOBANK Final Dividend - Rs. - 2.00 
VASCONEQ Right Issue of Equity Shares


Today's Global Data


Jun 23: World Bank President Jim Yong Kim speaks at The Korea Society Annual
Dinner; 0230 IST

Jun 23: Japan Jun flash manufacturing purchasing managers' index; 0705 IST

Jun 23: Germany Jun Flash purchasing managers' index; 1300 IST

Jun 23: Eurozone Jun Flash purchasing managers' index; 1330 IST

Jun 23: UK Jun Confederation of British Industries monthly industrial trends
Survey; 1530 IST

Jun 23: US Goldman Sachs weekly chain store sales index for week ended Jun
20; 1715 IST

Jun 23: US May advance report on durable goods; 1800 IST

Jun 23: US Johnson Redbook retail sales index for week ended Jun 20; 1825
IST

Jun 23: US Apr monthly house price index; 1830 IST

Jun 23: US Jun Flash manufacturing purchasing managers' index; 1915 IST

Jun 23: US May new residential sales; 1930 IST

Jun 23: US-China strategic and economic dialogue begins

Bloomberg

Bloomberg: Sales of Existing U.S. Homes Increase to Highest Since 2009 - Bloomberg - Sales of Existing U.S. Homes Increase to Highest Since 2009.

Volume Report :

Indiabulls Real [+30.20%] topped by trading 10.0 times its 3-week average volume.

High (rupee) volume activity today was also recorded in 

Karnataka Bank [+8.64%], 
Bajaj Finance [+4.07%], 
Escorts [+3.65%], 
Tata Sponge Iron [+1.16%], 
Apollo Hospitals [+3.84%], 
Eveready Ind [+5.57%], 
Marksans Pharma [+4.51%] and 
Bajaj Finserv [-0.42%] (descending order). 

They all traded over 2.0 times their average daily volume (BSE+NSE) of the last three weeks.

These are the volume toppers from the 240 most active stocks.

NEWS

EUR Consumer Confidence
-6 VS -6 

US Existing Home Sales
5.35M VS 5.04M ===> DATA IS WEAK FOR BULLION

MARKET UPDATES

FNO Stats

Index Futs: 
FIIs +14,58,525, 
Props +2,71,250, 
Clients -14,48,750

Index Calls: 
FIIs +23,04,725, 
Props +6,99,850, 
Clients -30,35,825

Index Puts: 
FIIs -19,475, 
Props -21,17,825, 
Clients +21,37,300
22/6/15
BSE:+414(27730)
NSE:+128(8353)
MID:+156(10643)
SML:+152(11095)
Fll|FPI:+651Cr
Dll:-94Cr
B.Crude$:63
Gold$:1193=INR:26909
Silver:36667
Rs/$: 63.51
8.40GSec: 7.90
NSE PE: 23.15
CNX MID CAP PE: 23.15

NEWS ON AURO- PHARMA

*AUROBINDO GETS FINAL FDA APPROVAL FOR AZITHROMYCIN: STATEMENT
*AUROBINDO GETS USFDA APPROVAL FOR AZITHROMYCIN FOR INJECTION
*AUROBINDO PHARMA GETS USFDA APPROVAL FOR ENTACAPONE PILLS
*AUROBINDO SAYS ENTACAPONE USED FOR PARKINSON'S TREATMENT
*AUROBINDO SAYS ENTACAPONE BIOEQUIVALENT OF ORION'S COMTAN

MARKET UPDATES

INDIAN MARKETS
SENSEX:27730.21(+414.04)
NIFTY:8353.10(+128.15)
BANKNIFTY(CASH):18334.5(+453.65)
SGXNIFTY:8352.5(+107.5)

EUROPEAN MARKETS
FTSE:6793.51(+83.06)
CAC:4970.28(+154.91)
DAX:11398.96(+358.86)

ASIAN MARKETS:
NIKKIE:20428.19(+253.95)
STRAITS:3315.13(+14.17)
HANGSANG:27080.85(+320.32)

USFUTURES ON NSE:
DOW FUT:18100(+20)
S&P500 FUT:2119.9(+1.75)

GAINERS:
AXISBANK:+3.73%
YESBANK:+3.55%
ICICIBK:+3.45%
PNB:+3.18%
TATAPOWER:+3.04%

LOSERS:
BHARTI:-2.19%
LUPIN:-0.58%
RELIANCE:-0.50%
WIPRO:-0.24%
ONGC:-0.23%


 Markets gain seventh straight day; Sensex  ends 414 points higher

 Wockhardt gains on USFDA nod for  Oxycodone liquid

 Indiabulls Real Estate rallies over 25% on  plans of preferential issue to promoters

 Banking shares surge; Bank Nifty surges  nearly 536 points

 Rajesh Exports gains on overseas acquisition  plan

 Bajaj Finance hits record high

 Hyundai's Elite i20 reaches 100,000 sales mark

 Magna Energy to get $500 million Carlyle  funding

 GVK says it received buyout notice from APTransco

 Reliance Jio gets provisional nod for TV  content distribution

 Wockhardt gets USFDA nod to market pain-relieving drug

 Hello Curry acquires tech startup Fire42

 Stock exchange for unlisted startups GREX  launched in Hyderabad

 Aurobindo gets USFDA nod for two generic  products

 Infosys' AGM today will not feature familiar  faces

 IFC plans to invest $12.1 million in Ivy Health  and Life Sciences

 Carlyle Group commits up to $500 mn to  Magna EnergY

1.6.15 call @10.41

Buy Lnt Abv 1675 sl 1630 Add more quatity if falls to 1645 zone Trgt 1704/1744

1 st trgt achvd
Trail sl to 1680

Gave oppurtunity to buy around around 1648 lvls for 2 days on 3rd and 4th june 
5 th june again moved to its  high of 1704 frst trgt

Today 19 june made high of 1739 
Today high made 1741 
Quit from call trgt almost achvd

CALL ON NIFTY

Sell Nifty fut ltp 8344 sl 8368 trgt 8320 / 8298/ 
8274

Sl hit

NIFTY

Positional resistance to watch are 8360..80 zone 
8500...8520 zone

NIFTY UPDATE

Nifty has made a short term positive pattern of a gap an island formation .

This is the third time we have come across 50 sma .
Usually we had always seen steep fall from here 

But this time we are with 2 positive pattern
Of 7940 triple bottom 
Abv 8290 (50 sma)
With a gap an island formation .

If this gap maintains we can see nifty going towards new high in coming days.

FOR SHORT TERM

Short term play can be done :

If cnx nifty maintains abv 8290 we can see 8360 levels today.

Alert

Nifty has always shown steep fall  from here 50 SMA
8280..8292




STIFF RESISTANCE ZONE

8280.....8368

BUY CALL

Buy Dabur cmp 269 sl 258 trgt 275 /284 
Add more Qty if falls to 265..67 zone
Frst trgt achd
Made high of 280.50

LIST OF FOCUSED STOCKS

Here is a list of twelve stocks which are likely to remain in focus today: 

Infosys Ltd: IT major Infosys will be in focus ahead of its AGM. It has also bagged three deals from overseas clients which include two in the financial services space and one for managed services. 

Khaitan Chemicals and Fertilizers Ltd: Shardha Projects, the promoter of Khaitan Chemicals and Fertilizers Ltd ( KCFL), has pledged 2.8 crore shares, equivalent to 29.18 per cent stake, of the fertiliser firm. 

Mastek Ltd: The shareholders of the New Jersey based Cover-All Technologies will today consider a possible merger with Majesco — the US subsidiary of Mastek. If Majesco succeeds in getting the approval, the combined entity will become a formidable player in the US mid-tier property and casualty (P&C) insurance market. 

Oberoi Realty Ltd: The company said its Board has approved to raise over Rs 324 crore through preferential issue of shares to Aranda Investments, an indirect subsidiary of Temasek Holdings. 

Info Edge Ltd: A promoter of Info Edge, which runs job portal naukri.com and jeevansathi.com, has transferred 10,000 personal shares to employees. 

Dish TV Ltd: Apollo India Private Equity sold 4.4 per cent stake in direct-to-home service provider Dish TVB for over Rs 486 crore. 

Eicher Motors Ltd: Investment management company Vanguard Group Inc picked up 1.57 lakh shares of Eicher Motors for an estimated Rs 309 crore through open market transaction. 

Tata Steel Ltd: UK trade unions suspended the strike action scheduled for June 22 after a new pension offer from Tata Steel UK, which keeps British Steel Pension Scheme (BSPS) open. 

Lupin & Tata Power Ltd: Drugmaker Lupin will replace private sector electricity producer Tata Power on the BSE benchmark index Sensex from Monday. 

SBI: State Bank of India plans to launch its second dollar bond sale of the fiscal year to raise $1.5 billion, or even more, to utilise the window available to borrow at a lower cost before the US Federal Reserve possibly raises rates later this year, said two people familiar with the plan. 

BPCL: With Oman Oil Company reluctant to put more money, Bharat Petroleum Corp Ltd has decided to fund the Rs 18,000-20,000 crore expansion of the Bina refinery in Madhya Pradesh on its own. 

NTPC: Power major NTPC has put on back-burner its plan to set up a 1600 MW coal-based project at Gajmara in Odisha as it has enough projects in hand, a top official of the PSU said.

CNX NIFTY (8224)

● We can see nifty is now trapped in between support 8200 and resistance 8280 in short term charts 
● Break through only can decide the further trend in market
●  Being an expiry week we can see volatility in market 
● Nifty has shown gud move after it took support from 7940
● Some amount of cooling off is expected in nifty 
● We have to watch where it takes support this time 

Positional view

● Close abv 8364 and maintain is important for nifty to reverse from its downtrend 
● Break abv 8500 will bring the uptrend in focus
● Break below 7940 will again keep us in downtrend

MARKET UPDATES

SGX Nifty+20 pts (8267) from last trade 8247 , 
Nikkei +138 pts , Hangseng +94 pts , 
Dow -99.89 pts ,Nsdq -15.95 pts , S&P -11.25 pts , Bovespa -489 pts , Ftse +2 pts , Dax -60 pts, Cac +11 pts, Crude @ $59.77/brl (-0.23) Brent @ $62.79 (-0.23), Gold @ $1198.50 (-3.40), Silver @ $16.11 (+0.01), Euro @ $1.137, JPY @ $122.850, INR @ $63.563


Indian Adr/Gdr

Infy: -0.84%,     Wit: -1.56%
Ttm: -1.70%,    Rdy:+0.88%
Hdb:+0.42%,     Ibn: -0.10% 
SBID: -0.35%, RIGD:+2.13%



Today's Corporate Action 
22nd June Ex Date

CORPBANK Dividend - Rs. - 1.40 
DAMOTH Final Dividend - Rs. - 1.00 
PNB Dividend - Rs. - 3.30 VASINFRA Dividend - Rs. - 0.70 WIDIA Interim Dividend - Rs. - 2.00

Economic Times

Business Standard

Ø Greece presents new financial proposals to European leaders

Ø 'India's aviation growth to be double of global average'

Ø 20 mn Americans practise yoga boosting $27 bn mkt

Ø Only 10 days left to exchange your pre-2005 currency notes

Ø SBI plans second dollar bond sale to raise $1.5 bn

Ø Govt mulls keeping gold jewellery out of all FTA



Ø Compliance window for black money in July

Ø Govt does not intend to legislate retrospectively: Jaitley

Ø NSE to begin overnight investment facility

Ø Foreign investors dump shares worth Rs 3,300 crore in June

Ø Jaitley discusses key bilateral issues with top US officials

Ø BPCL to go ahead with Bina expansion sans Oman Oil Co

Business Line



Mint

Ø Spectrum trading policy by early July: Prasad

Ø 'Solar is emerging a competitor to wind energy' 

Ø Rel MF’s debt funds corpus crosses Rs. 1 lakh crore mark

Ø Switzerland admits being attractive for money laundering 

Ø DERC to announce revised tariff despite AAP govt’s objections 

Ø Tata Steel UK trade unions call off strike after new offer 



Ø Edelweiss ARC wants part of Bharati Shipyard debt to be converted to equity

Ø Posco completes a decade waiting for elusive India steel plant

Ø 21% of retail sales influenced by digital: Deloitte report

Ø FTIL signs new deal to sell IEX stake for Rs357 cr

Ø Gold drops on global cues, low demand; silver remains weak

Financial Express



Financial Chronicle

Ø Heidelberg to buy Jaiprakash Associates’ cement unit

Ø Heidelberg to buy Jaiprakash Associates’ cement unit

Ø Income Tax department plans stringent action against habitual evaders

Ø India a bright spot in troubled global economy: Arun Jaitley



Ø Poor infra, high taxes deter foreign airlines from investing: IATA

Ø Only 0.35% domestic LPG users gave up subsidy

Ø NTPC puts 1,600 MW Gajmara project on back-burner

Ø CIL to hold pre-bid consultations on proj monitoring system

PROVISION FIGURES

Prov Figs  As on 19-Jun-2015 

FII/FPI
Buy Value: 6463.41
Sell Value: 6569.53
Net Value: -106.12

DII
Buy Value: 1555.05
Sell Value: 1107.50
Net Value: 447.55