Market Update

Market Update:
Sgx Nifty -38 pts
Dow -177.92 pts ,Nsdq -79.39 pts , S&P -26.69 pts, Bovespa  Clsd , Ftse -158 pts , Dax -306 pts , Cac -134 pts , Nikkei  -662 pts , now, Crude @ $30.29 brl (+0.60), Brent @ $32.88 (-1.18) , Gold @ $1191.30 (-6.60), Silver @ $15.37 (-0.05), Euro @ $1.1189, JPY @ $115.4600, INR @ $67.9400

Today's Corporate Action
9th Feb Ex Date



AVTNPL
Interim Dividend - Rs. - 0.2000
CHOLAINV
Interim Dividend - Rs. - 2.5000
FIBERWEB
Reduction of Capital 
KPRMILL
Interim Dividend - Rs. - 5.0000
NCLIND
Interim Dividend - Rs. - 1.0000
SUNDARMFIN
Interim Dividend - Rs. - 4.5000
WENDT
Interim Dividend - Rs. - 10.0000





Today's Key Result 
9th Feb


PNB(Cog Est Net 599cr -23% Yoy Res-During Mkt)
Hindalco(Cog Est Net -294cr -182% Yoy Result -During Mkt)
Gail(Cog Est Net 466cr -23% Yoy Result-After Mkt)
Dr Reddy's (Cog Cons Est Net 646cr +13% Yoy)
Allbank,Apollo Tyre, Archies, Aurobindo Pharm,Bengal Assam, Bharat Forge,Britannia,Central Bank, Cesc,Crisil,Dena Bank,Dhampur Sug, Dredging Corp,Emco,Eros Int,Essar Oil,Gareware Poly,Gmdc,Gulf Oil,Ivp, Jubliant Life, Magma Corp, Moil, Motherson Sumi,Mro-Tek,Nat Fert, Omaxe,Plastiblend,PFC,Rane Holding,Sh Kelkar,Stc,Sail,Talbros Auto,Viceroy Hotel,Voltamp

‎


Today's Global Data


Feb 9: Japan January money stock, broadly defined liquidity; 0520 IST

Feb 9: Japan December provisional labour survey - earnings, employment and hours

Feb 9: UK January BRC-KPMG Retail Sales Monitor; 0531 IST

Feb 9: Japan January preliminary machine tool orders; 1130 IST

Feb 9: Germany December Industrial Production Index; 1230 IST

Feb 9: Germany December manufacturing turnover; 1230 IST

Feb 9: Germany December foreign trade; 1230 IST

Feb 9: UK December trade data; 1500 IST

Feb 9: US January NFIB Index of Small Business Optimism; 1630 IST

Feb 9: US Retail Economist/Goldman Sachs Weekly Chain Store Sales Index for week ended Feb 6; 1815 IST

Feb 9: US Johnson Redbook Retail Sales Index for week ended Feb 6; 1925 IST

Feb 9: US December monthly wholesale trade inventories; 2030 IST

Feb 9: US World Agricultural Supply & Demand Estimates; 2230 IST

CALL OF 05/01/2016 FRIDAY

@ 11:37

Sell Jindal Steel ltp 63.80 Trgt 61.40..59.80 

Positional sl 68 trgt 58/54/48

SECOND TRGT HIT

Q3 FY 16: GDP

Q3 FY 16:  GDP At 7.3% Vs CNBC-TV18 Poll Of 6.88%

SRF Q3

SRF Q3: 

Cons Net Profit At Rs 100.6 Cr Vs Rs 71.40 Cr (YoY)

Cons Total Income At Rs 1,097.3 Cr Vs Rs 1,113 Cr (YoY)

Balrampur Chini Q3

Balrampur Chini Q3: 

Net Profit At Rs.87.8 Cr Vs Loss Of Rs.65.7 Cr (YoY): 

Total Income +1% At Rs.849 Cr Vs Rs.841.7 Cr (YoY)

CALL OF 08/02/2016 MONDAY

@ 10:17

Low risk intraday trade 

Sell SRT FINANCE

ltp 868 sl 874 trgt 854


TRGT HIT

Morepen Lab Q3

Morepen Lab Q3: 

Net Profit At Rs.7.3 Cr Vs Rs.3 Cr (YoY):

Total Income +9.8% At Rs.112.3 Cr Vs Rs.102.3 Cr (YoY)

CALL OF 08/02/2016 MONDAY

@ 12:03

Intraday call 

Sell Nifty fut ltp 7510 sl 7540 trgt 7480..7460

ALL TRGT HIT

NIFTY VIEW

NIFTY VIEW @ 09:15 ON 8th FEB

Nifty 50 ( 7489)

Nifty can show a pull back to
Its multiple resistance zone  7500...7560

Supports are 7400...7340

Positional Trend is still down 
Sell on rise should be the strategy

Market Update

Market Update:
Sgx Nifty -37 pts
Dow -211.61 pts ,Nsdq -146.41 pts , S&P -35.40 pts, Bovespa  -229 pts , Ftse -50 pts , Dax -127 pts , Cac -27 pts , Nikkei  -198 pts , now, Crude @ $30.85 brl (-0.04), Brent @ $34.01 (-0.45) , Gold @ $1167.00 (+9.30), Silver @ $14.98 (+0.20), Euro @ $1.1141, JPY @ $116.9700, INR @ $67.6537

Today's Corporate Action
8th Feb Ex Date


FORTUNEF
Right Issue of Equity Shares 
GRANULES
Interim Dividend - Rs. - 0.1500
PEARLELEC
Consolidation of Shares 
SHANTIGEAR
Interim Dividend - Rs. - 0.5000
TCI
Interim Dividend - Rs. - 0.6000
VIPIND
Interim Dividend - Rs. - 0.6000
VRLLOG
Interim Dividend - Rs. - 5.0000

Today's Key Result 
8th Feb

Abg Infra,Bal Chini,Bom Burmah,Bom Dyeing,Geometric,Glaxo Smith Cons, Guj Gas,Hitachi Home,Indo Count Ind,Inox Wind, IPCA Lab,Jindal Poly,Jk Tyre,Lypsa Gem,PTC Ind,Srf ltd,Stride Arcolab,Til,Tv Today, VST Tiller

Economic Times

Business Standard

Ø  Sebi scans Facebook accounts in insider trading case

Ø  Iran wants India to pay oil dues of over $6 bn euros

Ø  Rs 1L-cr disbursed under MUDRA Yojana: PM Modi

Ø  Indian economic recovery losing steam: Nomura

Ø  Maruti Suzuki begins Baleno shipments to Japan

Ø  'North Sea could lose 150 oil platforms within 10 yrs'

Ø  Nepal urges India to restore oil and gas supply



Ø  China forex reserves fall almost $100 bn, lowest since May 2012

Ø  Modi stresses on 10% cut in crude oil imports by 2022

Ø  India has over 15 lakh registered companies

Ø  PM inaugurates Indian Oil's Paradip refinery

Ø  Cochin Shipyard to build 4 catamarans for Andamans: Gadkari

Ø  NSE pitches for self-listing; Sebi firm on cross-listing rule

Ø  Top carmakers join forces for electric vehicles

Business Line

Ø  Govt to meet fiscal deficit target for FY16: Deutsche Bank 

Ø  Leadership remains key challenge for cos globally: Report 

Ø  Centre urged to set up separate ministry for fisheries, ocean sector 

Ø  IOC commissions Rs. 34,555-cr Paradip refinery

Ø  Bajaj Capital open to selling up to 26% stake 

Ø  Glenmark introduces EMI scheme for cancer treatment drugs

Mint

Ø  India seeks LPG transit to North East through Bangladesh

Ø  US, India in talks to settle solar power trade dispute

Ø Blackstone, GIC, others eye DLF promoters’ stake in rental arm

Ø  Equity mutual funds inflows in January slowest in 20 months

Ø  Jet Airways Q3 profit up to its highest ever at Rs467 crore

Ø  Govt tightens curbs on steel imports as global glut hurts mills

Financial Express                

Ø  India Post to invest Rs 322 crore to augment parcel capacity

Ø  Cairn India wants govt to reduce oil cess before Budget

Ø  FPIs pour in Rs 2,500 crore in capital mkts in a week

Ø  M Cap: Top 3 companies lose Rs 29,464 cr in mkt valuation

Ø  RBI to buy back inflation indexed bonds maturing in 2023



Financial Chronicle

Ø  Sebi firm on agent payout disclosure; Amfi drags feet

Ø  GDP data, Q3 earnings to set market tone this week

Ø Assocham makes a pitch for women-friendly Budget

Ø  IMF asks Sri Lanka to reduce budget deficit, improve funds

Ø  Indian basmati rice exporters face fresh competition

Tata Power Q3

Tata Power Q3: 

Cons Net Profit At Rs 24.5 Cr Vs CNBC-TV18 Poll Of Rs 258 Cr

Cons Total Income At Rs 9,329 Cr Vs CNBC-TV18 Poll Of Rs 9,370 Cr

Divi's Labs Q3

Divi's Labs Q3: 

Net Profit At Rs 246.6 Cr Vs CNBC-TV18 Poll Of Rs 278 Cr

Total Income At Rs 853 Cr Vs CNBC-TV18 Poll Of Rs 947.6 Cr

Lupin Q3

Lupin Q3: 

Net Profit At Rs.530 Cr Vs CNBC-TV18 Poll Of Rs.493 Cr

Total Income At Rs.3,556 Cr Vs CNBC-TV18 Poll Of Rs.3,375.6 Cr: 

Revenue Within India At Rs.979 Cr Vs Rs.866 Cr (YoY)

Revenue Outside India At Rs.2,577 Cr Vs Rs.2,311 Cr (YoY)

Bosch Q3

Bosch Q3: 

Net Profit At Rs.221 Cr Vs Estimates Of Rs.312 Cr

Total Income At Rs.2,698 Cr Vs Rs.2,381.6 Cr (YoY)

Eicher Motors Q4

Eicher Motors Q4: 

Cons Net Profit At Rs.271  Cr Vs CNBC-TV18 Poll Of Rs.264.3 Cr:

Cons Total Income At Rs.3,316 Cr Vs CNBC-TV18 Poll Of Rs.3,287 Cr

Cadila Health Q3

Cadila Health Q3: 

Net Profit At Rs 390 Cr Vs CNBC-TV18 Poll Rs 375.6 Cr

Total Income At Rs 2,428 Cr Vs CNBC-TV18 Poll Rs 2,447.4 Cr

NIFTY VIEW @ 09:30 FRIDAY

Nifty if maintains above 7400 we can see a pull back upto 7450..60, as some short term signals are showing we can see pull back. 

Stiff resistance 7450..7460 above this 7500 
Strong support 7400 below this 7360.7350 ..below this again the selling pressure continues of the positional downtrend.

Tata Steel Q3

Tata Steel Q3: 

Cons Net Loss At Rs 2,127 Cr Vs CNBC-TV18 Poll Of Rs 1,000 Cr Loss

Cons Total Income At Rs 28,039 Cr Vs CNBC-TV18 Poll Of Rs 28,355 Cr

Europe Biz: Production At 3.56 mt Vs 3.74 mt (YoY)

India Biz: Profit At Rs 453 Cr Vs Rs 881 Cr (YoY); Vs Rs 2,523 Cr (QoQ)

Market Update

Market Update:
Sgx Nifty -6 pts
Dow +79.92 pts ,Nsdq +5.32 pts , S&P +2.92 pts, Bovespa  +1230 pts , Ftse +61 pts , Dax -41 pts , Cac +1 pts , Nikkei  -266 pts , now, Crude @ $31.56 brl (-0.16), Brent @ $34.46 (-0.58) , Gold @ $1156.10 (-1.40), Silver @ $14.88 (+0.03), Euro @ $1.1199, JPY @ $116.8900, INR @ $67.5663



Today's Corporate Action
5th Feb Ex Date


CONCOR
Interim Dividend - Rs. - 8.0000
GAEL
Interim Dividend - Rs. - 0.8000-
IIFL
Interim Dividend - Rs. - 4.2500-
MARICO
Interim Dividend - Rs. - 1.5000-
MPSLTD
Interim Dividend - Rs. - 8.0000
NTPC
Interim Dividend - Rs. - 1.6000





Today's Key Result 
5th Feb


Bosch (Cog Est Net 250 Cr +126% Yoy Res-During Mkt)
Lupin (Cog Cons Est Net 516cr -14% Yoy Res-During Mkt)
Tata Pow(Cog Cons Est Net 198cr Flat Res-During Mkt)
Aarti Inds,Bilt,Cadila Health,Caplin Point,Carb Univ,Cox&King,Divi's Lab, Eicher Mot,Elgi Equip,Goodyear,Man Infra,Mcdowell Holding,Munjal Show, NDTV,Nitco,Pondy Oxides,Radico Khaitan,SCI, Sona Steer,Tata Inv,United Brew Holding,Vijaya Bank, Zuari Agro,Zuari Global




Today's Global Data


Feb 5: US money stock measures; 0300 IST

Feb 5: US foreign central bank holdings data; 0300 IST

Feb 5: Japan January provisional trade statistics until Jan 20; 0520 IST

Feb 5: Japan January international reserves/foreign currency; 0520 IST

Feb 5: Japan December indexes of business conditions - preliminary release; 1030 IST

Feb 5: Germany December manufacturing orders; 1230 IST

Feb 5: US December US international trade in goods & services; 1900 IST

Feb 5: US January employment report; 1900 IST

Feb 5: German Chancellor Merkel meets Portuguese Prime Minister Costa

Business Standard

Business Standard

Ø  RBI Guv criticises MNCs for avoiding billions in taxes

Ø  Urban infra sector offers Rs 73 lakh crore for private players

Ø  RBI rationalises FEMA norms to improve ease of biz

Ø  PFRDA to allow online exit from NPS scheme from April 1

Ø  'Solar, wind projs may attract $20bn investment'

Ø  India's exports may fall to $265-270 billion in FY16: FIEO

Ø  New policy in Feb to speed up nod for housing projs

Ø  India enjoying robust economic growth: IMF chief



Ø  GST may be delayed further as parties get poll-ready

Ø  Birla Corp seals Rs 4,800-crore cement deal with RInfra

Ø  Ratan Tata, US varsity to invest in Indian start-ups

Ø  Tata Steel posts net loss of Rs 2,127 cr in Q3

Ø  UN panel rules in favour of Assange

Ø  RBI sets rupee reference rate at 67.8093 against US dollar

Ø  Bank of England cuts UK growth forecasts, holds rates

Ø  Jayant Sinha urges 15% EPFO investment in equities

Business Line

Ø  Budget session to commence on Feb23,Union Budget on Feb29

Ø  Lafarge to quit India, puts entire 11 mtpa on the block

Ø  Godrej Consumer expands its African presence with another acquisition

Ø  Rupee trading strong at 67.56 on heavy dollar selling

Ø  ‘Draft note on auto scrappage will go to Cabinet this month’ 

Mint

Ø  Indian airlines may face headwinds on profitability in FY17

Ø  India to defer finalizing trade pact with Australia

Ø  DLF gears up for promoters’ stake sale in commercial office portfolio

Ø  ABB India profit rises 53.8% to Rs129.40 crore in Dec quarter; shares jump 14.21%

Ø  FTIL-DGCX deal valuation sparks investor concern

Financial Express                

Ø  Sensex snaps 3-day losing streak, gains 115 points on value buying, Nifty50 settles at 7,404

Ø  FDI goes full throttle, spikes 114 per cent in December

Ø  MF inflows, mid-caps may remain under pressure

Ø  CERC asks Power Grid to seek govt funds to cut cost

Ø  Gold futures remain up on global cues, spot demand



Financial Chronicle

Ø  Bajaj Auto Q3 net up 4.67% at over Rs 901 cr

Ø  GST will become a reality soon, says Jaitley

Ø  IT export revenues to cross $100b mark this year

Ø  BSE, IFC partner to bring out corporate governance scorecard

Ø  Diluting stake in insurance subsidiaries to take time: SBI

Ø  Only 30% of young adults buy health cover: survey

Torrent Pharma Q3

Torrent Pharma Q3:

Cons Net Profit At Rs 483 Cr Vs Rs 167 Cr (YoY)

Cons Total Income At Rs 1,539 Cr Vs Rs 1,168 Cr (YoY)

Kaveri Seeds Q3

Kaveri Seeds Q3: 

Cons Net Profit At Rs.9.2 Cr Vs Rs.35.8 Cr (YoY)

Cons Total Income At Rs.92 Cr Vs Rs.90.7 Cr (YoY)

UPDATE ON 4th FEB

CALL OF 03/02/2016 WEDNESDAY 

@ 02:57

Low risk trade stbt call 
Sell Apollo Hospital ltp 1486 sl 1520 trgt 1436

TRGT HIT

Bajaj Auto Q3

Bajaj Auto Q3: 

Net Profit At Rs 901 Cr Vs CNBC-TV18 Poll Of Rs 810 Cr

Total Income At Rs.5,565 Cr Vs CNBC-TV18 Poll Of Rs.5,466 Cr

Other Income At Rs.20 Cr Vs Rs.95.3 Cr (yoy):

Arvind Q3

Arvind Q3: 

Cons Net Profit At Rs.103.3 Cr Vs CNBC-TV18 Poll Of Rs.115 Cr

Total Income At Rs.2,157.5 Cr Vs CNBC-TV18 Poll Of Rs.2,240.1 Cr

NIFTY VIEW @ 10:20

NIFTY VIEW @ 10:20

Nifty had given a good opening on positive cues from global market..
But again it is going to its lower levels close above 7430..7450 zone might bring a pull back

Bajaj Finance Q3

Bajaj Finance Q3: 

Net Profit +58% At Rs.408 Cr (YoY)

NII +48% At Rs.1,320 Cr (YoY) 

Gross NPA At 1.29% Vs 1.67% (QoQ):

Net NPA At 0.26% Vs 0.55% (QoQ)⁠⁠⁠⁠

Dish TV Q3

Dish TV Q3: 

Cons Net Profit At Rs.68.5 Cr Vs CNBC-TV18 Poll Of Rs.51 Cr: 

Cons Total Income At Rs.771.5 Cr Vs CNBC-TV18 Poll Of Rs.789 Cr:

 Average Revenue Per User At Rs.172 :

CALL OF 03/02/2016 WEDNESDAY

@ 12:54

Intraday + Positional call

Sell Cipla ltp 578 intraday sl 582.80, trgt 564

Positional sl 608, trgt 540
INTRADAY TRGT HIT

NIFTY VIEW @ 09:00

Nifty has given a gap down opening if maintain the gap till closing it will again catch its downtrend
Sell on rise should be the strategy.

Economic Times

Business Standard

Ø  RBI to relax rules on bad loans to calm investors

Ø  Robust sales in India help auto companies to beat global slowdown 

Ø  Govt may allot 15 blocks to PSUs for commercial mining

Ø  EU designs permanent outer circle to keep Britain in

Ø  BP reports biggest annual loss, announce job cuts

Ø  RBI to buy back govt securities worth Rs 20,000 crore

Ø  Transaction tax, shorter trading hours bog Indian market, says government committee



Ø  RBI keeps repo rate unchanged at 6.75%

Ø  Swiss surprise may spoil India's hunt for black money

Ø  Rajan puts the ball in Jaitley's court

Ø  Sahara to sell Grosvenor House to Qatar

Ø  Govt may announce incentives for solar projects in Budget

Ø  Sebi begins review of risk management, delivery systems at commexes

Ø  Japan's agricultural exports climb 21.8% in 2015

Business Line

Ø  India being viewed as a beacon of growth, says Rajan

Ø  Commerce Minister talks with EPCs on ways to boost exports

Ø  Indonesia working on rice import deal with India

Ø  ‘Make in India initiative, a good opportunity for US cos’ 

Ø  Birla Corp-Lafarge India deal for cement units, brands off

Ø  National Pension System has 1.15 crore subscribers now

Mint

Ø  RBI eases India startup rules with exit option for foreigners

Ø  Suzuki sees Toyota’s Daihatsu buyout as serious threat in India, other markets

Ø  Coal India said to buy back shares worth at least $368 mn from govt: report

Ø  Govt objects to Raghuram Rajan’s statement on fiscal policy

Ø  Govt may ask banks for at least $295 million in back-taxes

Financial Express                

Ø  RBI policy broadly in line with market expectation: FinMin

Ø  'Slow GDP recovery may change govt's policy stance'

Ø  Metal stocks drag Sensex to end 286 points down, Nifty settles at 7,455

Ø  India's growth cycle appears to be holding up: Nomura

Ø  RBI on wait and watch mode on 7th Pay Commission



Financial Chronicle

Ø  RBI to create enabling framework for growth of start-ups

Ø  EPFO, PFRDA unveils norms on outsourcing

Ø  MF experts expect RBI to add firepower to bond markets

Ø  CAD will remain well contained & easily financed: RBI

Ø  RBI expects retail inflation to ease to 5% by March 2017

Market Update

Market Update:
Sgx Nifty -61 pts
Dow -294.64 pts ,Nsdq -103.42 pts , S&P -36.35 pts, Bovespa  -1970 pts , Ftse -138 pts , Dax -146 pts , Cac -108 pts , Nikkei  -362 pts , now, Crude @ $29.68 brl (-0.20), Brent @ $32.72 (-1.52) , Gold @ $1127.30 (+0.10), Silver @ $14.29 (+0.01), Euro @ $1.0926, JPY @ $119.7600, INR @ $67.8400



Today's Corporate Action
3rd Feb Ex Date


ASHOKA
Interim Dividend - Rs. - 0.7000
DBCORP
Interim Dividend - Rs. - 3.5000
GODREJCP
Interim Dividend - Rs. - 1.0000
POWERGRID
Interim Dividend - Rs. - 0.8000




Today's Key Result 
3rd Feb


Accelya Kale,Aptech ltd,Bajaj Finance, Bajaj Finserve,Bajaj Hind,Ccl Prod,Dish Tv,Gateway Dist,Hexaware Tech,Hikal,Hind Copper,IOC,JB Chem,Jm Fin,Kec Int,La Opala,Lmw, Maithan Alloys,Meghmani Org,Motilal Oswal,Neuland,Pfizer,Rediington Ind,Religare Ent,Sparc,Texmaco Infra, Thomas Cook, Ttk Health



Today's Data Alert
3rd Feb 

Services, Composite PMI for January, by Markit Economics. 1030 IST





Today's Global Data



Feb 3: Bank of Japan monetary policy meeting minutes; 0520 IST

Feb 3: UK national institute economic review; 0531 IST

Feb 3: UK January shop price index; 0531 IST

Feb 3: Japan services PMI; 0730 IST

Feb 3: Bank of Japan Governor Kuroda to speak; 0800 IST

Feb 3: Japan January consumer confidence survey; 1030 IST

Feb 3: European Central Bank's governing council non-monetary policy meeting;1330 IST

Feb 3: Germany January services PMI; 1425 IST

Feb 3: Eurozone January services PMI; 1430 IST

Feb 3: UK January official reserves; 1500 IST

Feb 3: UK January CIPS/Markit Services PMI; 1500 IST

Feb 3: UK January narrow money and reserve balances; 1500 IST

Feb 3: Eurozone December retail trade data; 1530 IST

Feb 3: US MBA weekly mortgage applications survey for the week ended Jan 29; 1730 IST

Feb 3: US January ADP national employment report; 1845 IST

Feb 3: US Department of the Treasury's quarterly refunding announcement; 1930 IST

Feb 3: US January services PMI data; 2015 IST

Feb 3: US January online help wanted index; 2030 IST

Feb 3: US December metropolitan area employment, unemployment data; 2030 IST

Feb 3: US ABA Economic Advisory Committee economic forecast; 2030 IST

Feb 3: US January ISM non-manufacturing report on business; 2030 IST
‎
Feb 3: US EIA weekly petroleum status report for the week ended Jan 29; 2100 IST

Feb 3: US January global services PMI; 2130 IST

United Breweries Q3

United Breweries Q3: 

Net Profit At Rs 72.1 Cr Vs Rs 40 Cr (YoY)

Total Income At Rs 1,157.7 Cr Vs Rs 1,000.4 Cr (YoY)

Amara Raja Q3

Amara Raja Q3: 

Cons Net Profit At Rs.136 Cr Vs CNBC-TV18 Poll Of Rs.102.3 Cr

Cons Total Income At Rs.1,225 Cr Vs CNBC-TV18 Poll Of Rs.1,186 Cr:

CALL OF 01/02/2016 MONDAY

@ 09:55

Buy Yes bank ltp 754 trgt 770 sl today's low [745] for intraday
Postional sl 730 trgt 780


MADE A HIGH OF 783

ALL TRGT HIT

RBI Monetary Policy

RBI Monetary Policy:

RBI Keeps Repo Rate Unchanged At 6.75%

RBI Keeps CRR Unchanged At 4%

NIFTY VIEW @ 09:00

Nifty 50 
If trades below 7530 we can see 7480..7450 
Above 7600 we can see..7640..7680

Economic Times

Business Standard

Ø  New private banks may get 74% FDI from start

Ø  Foreign investor must be protected: Supreme Court

Ø  RBI makes online filing of FDI forms must from Feb 8

Ø  Indian growth robust powered by domestic engine, says Nomura

Ø  Vietnam lifts ban on groundnut shipments from India

Ø  Govt bans zero duty import of capital goods for power plants



Ø  Panel suggests more freedom for India Inc

Ø  Core sector output recovers, rises 0.9% in December

Ø  Tech Mahindra Q3 net drops 3% to Rs 759 cr q-o-q

Ø  IT sector to create 2.5 lakh new job openings in 2016: Report

Ø  Wipro picks stake in Pune startup Altizon Systems

Ø  USFDA inspects 2 units of Aurobindo Pharma; makes observations

Business Line

Ø  Century Textiles to consolidate real estate units

Ø   LSE appoints Jasmine Arora as head of primary market in India, Africa

Ø  Ipca Labs gets FDA warning for 3 plants

Ø  Under-recovery for PDS kerosene to be Rs. 5.11 a litre in Feb: PPAC

Ø  China manufacturing index falls to three-year low: govt 

Mint

Ø  Govt may ask banks for at least $295 million in back-taxes

Ø  Govt aid helps car makers go green and cheap to fight smog crisis

Ø  Maruti Suzuki domestic sales remain flat in January

Ø  Petrol price cut by 4 paise, diesel price by 3 paise

Ø  Adani Enterprises Q3 net plunges 44% to Rs196 crore

Ø  GAIL plans to import ethane from US for $5 bn petrochem plant

Financial Express                

Ø  ATF prices cut by sharp 12 pc, non-subsidised LPG to cost less

Ø  Sensex Jan fall worst in 5 yrs, FIIs outflow highest in 8 yrs

Ø  SEBI puts Ratnakar Bank DRHP under on temporary suspension

Ø  2016 to be a challenging year for Asian corporates: Moody's

Ø  Sensex closes 46 points down ahead of RBI policy review



Financial Chronicle

Ø  RBI may hold rates to check inflationary pressures

Ø  Dr Reddy's gets tentative approval from USFDA for Zenavod

Ø  CBDT signs two bilateral APAs with UK

Ø  Bhel bags Rs 2.7k cr order for 800 mw unit in Tamil Nadu

Ø  Tata AIG General Insurance bullish on health business

Ø  Ashok Leyland sales up 30.5% in January

Market Update

Market Update:
Sgx Nifty +6 pts
Dow -17.12 pts ,Nsdq +6.41 pts , S&P -0.86 pts, Bovespa  +164 pts , Ftse -23 pts , Dax -40 pts , Cac -24 pts , Nikkei  -99 pts , now, Crude @ $31.33 brl (-0.29), Brent @ $34.34 (-1.75) , Gold @ $1129.40 (+1.40), Silver @ $14.36 (+0.01), Euro @ $1.0899, JPY @ $120.9700, INR @ $67.8400


Today's Corporate Action
2nd Feb Ex Date


BPCL
Interim Dividend - Rs. - 12.5000
EDELWEISS
Interim Dividend - Rs. - 1.0000
PERSISTENT
Interim Dividend - Rs. - 5.0000
SUPREMEIND
Interim Dividend - Rs. - 2.5000


Today's Key Result 
2nd Feb


Adani Trans,Amaraja Bat,Arshiya Ltd,Bayer Crop,Century Enka,Cromp Greaves,Cummmins Ind,Dcm Shriram,Dion Global,DLF,Escorts, Godrej Prop,Grindwell,Hsil,Jai Corp,Jindal Stainless,Mah Scooter, Majesco,Manali Petro‎,Oudh Sug,Rpg Life,Saurastra Cem,Snowman Logistic, Tn Newsprint,Tata Comm,Torrent Pow,Tube Inv,Uflex,Ufo Moviez, United Brew,Upper Ganges,Welspun Ind





Today's Data Alert
2nd Feb 
 ‎
RBI to detail sixth bi-monthly monetary policy for FY16. 

Rates- Unchanged 
Source-Cogencis




Today's Global Data


Feb 2: Germany January labour market statistics; 1430 IST

Feb 2: US January ISM-NY report on business; 2015 IST

Feb 2: US February IBD/TIPP economic optimism index; 2030 IST

Feb 2: US Federal Reserve Bank of Kansas City President George to speak; 2300 IST

Feb 2: UK January Markit Construction PMI; 1500 IST

Feb 2: US Johnson Redbook retail sales index for week ended Jan 30; 1925 IST

Feb 2: Eurozone December producer price index; 1530 IST

Feb 2: Eurozone December unemployment data; 1530 IST

Feb 2: Japan January monetary base; 0420 IST

Feb 2: US January domestic auto industry sales; 0230 IST

Feb 2: US API statistical bulletin for the week ended Jan 29; 0230 IST

Feb 2: US The Retail Economist/Goldman Sachs chain store sales index for
week ended Jan 30; 1815 IST

Tech Mahindra Q3

Tech Mahindra Q3: 

Cons Net Profit At Rs 759 Cr Vs CNBC-TV18 Poll Of Rs 757 Cr

Dollar Revenue At $1,015 m Vs CNBC-TV18 Poll Of $1,020 m

Cons Other Income At Rs 64 Cr Vs Rs 166 Cr (QoQ)

Adani Ent

Adani Ent: 

Cons Net Profit At Rs.196 Cr Vs Rs.349 Cr (YoY)

Total Income -17% At Rs.10,408 Cr (YoY)

Ajanta Pharma Q3

Ajanta Pharma Q3: 

Cons Net Profit At Rs.111.3 Cr Vs Rs.93 Cr (YoY)

Cons Total Income At Rs.473 Cr Vs Rs.408 Cr (YoY)

Jindal Saw Q3

Jindal Saw Q3: 

Net Profit At Rs.39.2 Cr Vs Rs.61.9 Cr (YoY)

Total Income At Rs.1,077 Vs Rs.1,777.4 Cr (YoY)

Century Text Q3

Century Text Q3:

Net Loss At Rs.10.4 Cr Vs Loss Of Rs.63.6 Cr (YoY)

Total Income At Rs.1,939.6 Cr Vs Rs.1,854.1 Cr (YoY)

Economic Times

Economic Times

·         Budget: Cong likely to call meeting of oppn parties
·         As fuel crisis grips Nepal, solar industry eyes growth
·         Wide 'digital divide' between states: Assocham
·         Coal Secy lauds MCL, eyes 250 MT output by 2020
·         China's budget deficit in 2016 to reach 3% of its GDP
·         More steps will be taken to protect domestic steel industry: Narendra Singh Tomar
·         Foundation stone laid for 800 MW unit in Tamil Nadu
·         Coal Secretary Anil Swarup appreciates Mahanadi Coalfields, eyes 250-million ton output by 2020
·         Godfrey Phillips board approves advisor appointment for business rejig
·         Coal India in dilemma over production, pricing
·         Digitisation to boost demand for premium foreign TV content'
·         General Motors India launches new Chevrolet Cruze, price up to Rs 17.81 lakh
·         Harley-Davidson launches Sportster 1200 Custom at Rs 8.9 lakh
·         Ford Mustang to debut in India in 2nd quarter of 2016
·         SBI Life eyes 30-35% growth over next 3 years
·         Blue Star enters air cooler segment, eyes Rs 150 crore sales
·         UP signs up for UDAY scheme, eyes Rs 33k crore savings
·         With muted biscuit growth, Parle targets bigger bite in snacks
·         Grasim to spend over Rs 4,000 crore on capex in FY17
·         GAIL seeks ethane import from US for $5-billion petrochemical plant
·         Unichem gets USFDA approval to sell prostate drug
·         Dr Reddy's gets USFDA nod for migraine injection
·         AIR launches 24 hour audio broadcast channel for classical music
·         Reliance Entertainment to co-produce Indo-French film
·         Wipro’s Continental Europe head Ulrich Meister quits
·         Tata Tele looks to offer 4G in enterprise segment
·         Infosys, TCS invest in Barack Obama’s plan
·         Peninsula invests Rs 95 crore in Mahaveer Group
·         PM's 100 smart cities plan will need $150 bn: Deloitte
·         Corporates, agriculture must be equally strong: FM Arun Jaitley

Business Line

·         EU’s trademark law: India fears pharma exports will be hit
·         We will grow at least 10% in FY17: Titan
·         Adlabs plans to open 2 more theme parks in 3-5 years
·         Tata Metaliks DI Pipes gets green nod for ₹350-crore expansion
·         Honda Cars India ties up with Magma Fincorp for car loans
·         Himalaya ties up with Smile Train to provide free cleft lip surgeries
·         Tea Board to take over seven gardens of Duncan
·         FY17 looks positive for our US biz’
·         One Brand strategy will bring in consistency: Rodolfo Echeverria of The Coca-Cola
·         Spurred by Patanjali’s success, Jyothy Labs builds on ‘herbal’ equity
·         Saint-Gobain opens global research facility
·         M&M installs kiosk to create awareness on service offerings
·         USL says it is responding to a show cause notice from MCA
·         Soft-drink fizz is back for Bisleri’s Chauhan

Mint

·         Tata Motors marketing head for passenger vehicles quits
·         Toyota may halt Japan car output in February due to steel shortage
·         Foxconn’s Gou confident of winning bid to take control of Sharp
·         DHFL may finalize stake dilution in life insurance arm by March: Kapil Wadhawan
·         Legacy issues to be addressed in 2-3 quarters: SpiceJet chief
·         UP govt takes over Rs39,900 crore power utility debt
·         PNGRB ends Indraprastha Gas Ltd’s monopoly in NCR
·         Baba Ramdev’s Patanjali making Colgate and Unilever sweat
·         Delhi HC reserves judgment in auto makers’ plea against penalty imposed by CCI
·         Excise duty hiked on petrol by Re1 per litre, on diesel by Rs1.5
·         Bank of Baroda forex scam: RBI tells all banks to conduct internal audit
·         Top telcos may skip bid for expensive 700 megahertz spectrum: Fitch
·         Idea launches 4G in Karnataka
·         Bharti Airtel and Robi Axiata to merge operations in Bangladesh
·         Birla Corp set to buy Reliance Infrastructure’s cement assets

Business Standard

·         PM Modi wants 50% farmers to join Crop Insurance Scheme in 2 years
·         TVS has to outgrow peers for additional 4% market share: S G Murali
·         Atulesh Jindal to take over as new CBDT chairman tomorrow
·         India faces challenges in sticking to fiscal roadmap: S&P
·         RBI may maintain status quo on Tuesday
·         M&M tries to surf online wave
·         Hyundai i20 to fight it out with Maruti Suzuki Baleno
·         Tata Teleservices bets on enterprise segment'
·         Haryana directs FDA to take samples of all food items
·         HDFC Bank launches 10-second personal loan disbursement scheme
·         Implementation is the key in 'Housing for All' scheme
·         RBI goes beyond OMO to cool bond yields
·         Unsponsored ADRs, GDRs likely to get tax relief
·         Gold smugglers switching over to cigarettes, currencies
·         EIH to spend Rs 325 cr in renovating Oberoi Delhi.

Market Update

Market Update:
Sgx Nifty +40 pts
Dow +396.66 pts ,Nsdq +107.28 pts , S&P +46.88 pts, Bovespa  +1780 pts , Ftse +152 pts , Dax +158 pts , Cac +94 pts , Nikkei  +209 pts , now, Crude @ $33.93 brl (+0.31), Brent @ $36.14 (+0.18) , Gold @ $1117.30 (+0.90), Silver @ $14.25 (+0.00), Euro @ $1.0824, JPY @ $121.3600, INR @ $67.7925



Today's Corporate Action
1st Feb Ex Date


EASTRED
Interim Dividend - Rs. - 0.5000
IBULHSGFIN
Interim Dividend - Rs. - 9.0000
IBVENTURES
Interim Dividend - Rs. - 0.5000
NEAGI
Interim Dividend - Rs. - 20.0000



Today's Key Result 
1st Feb

Tech M(Cog Cons Est Net 758cr -6 % Yoy Res-After Mkt)
Aban Offshore,Abbot Ind,Adani Ent,Ajanta Pharm,Century Tex,Eid Parry,Inter Comb,IP Ring,Jindal Saw,Mah Seamless,Orient Hot,Saint Gobain,Shalimar Paint,Skipper ltd,Tn Petro,Tecknocraft,Thiru Chem,Tci,Vip Inds,Vrl Logistic,Welspun Guj,Zee Learn


Today's Data Alert
1st Feb 
 ‎

1)Manufacturing PMI for January, by Markit Economics. 1030 IST

 2)Monthly Vehicle Sales For Month January

1Feb @ 8.30 A.M


Nifty 50 (7563)
After many days of selling pressure we saw a good buying volume by fii on Friday on the first day of  feb series 

On expectation of Rbi policy tomorrow and budget we can see a pull back upto 7820 in this week 

Support levels 7530..7550 zone nifty has to maintain on closing basis above this level in coming days to reach 7820 

Positional view 

Pull back rally can be seen this month 
Short term long positions can be made 

Trend is down 
Reverse from downtrend nifty has to close above 8000