Market Update

Sgx Nifty +16 pts
‎Dow +36.26 pts ,Nsdq +25.55 pts , S&P +10.00 pts ‎, Bovespa  -437 pts , Ftse +20 pts , Dax +30 pts , Cac +21 pts , Nikkei  +102 pts , now, Crude @ $38.19 brl (-0.10), Brent @ $41.07 brl (+1.42) , Gold @ $1253.60 (-3.50), Silver @ $15.32 (-0.04), Euro @ $1.0982, JPY @ $113.2800, INR @ $67.2150



Today's Corporate Action
10th Mar Ex Date


ASALCBR
Bonus issue 1:1
IDEAOPT
Bonus issue 2:5




Today's Global Data


Mar 10: Japan February corporate goods price index data; 0520 IST

Mar 10: UK February RICS residential market survey; 0531 IST

Mar 10: Germany January foreign trade data; 1230 IST

Mar 10: Germany Oct-Dec labour cost index; 1230 IST

Mar 10: European Union February long term interest rates statistics; 1430
IST

Mar 10: UK January Council of Mortgage Lenders lending trends data; 1500 IST

Mar 10: UK Organisation for Economic Co-operation and Development 'Do  environmental policies affect global value chains?' report launch;
1600 IST

Mar 10: European Central Bank interest rate announcement; 1815 IST

Mar 10: US unemployment insurance claims report - initial claims for week
ended Mar 5; 1900 IST

Mar 10: US weekly export sales data; 1900 IST

Mar 10: US Oct-Dec quarterly services data; 2030 IST

Mar 10: US Energy Information Administration natural gas storage report for week ended Mar 4; 2100 IST

Mar 10: President Barrack Obama and wife host Canadian Prime Minster Justin Trudeau and his wife for official visit to the White House

Update on Morning view 
@ 03:18 p.m


Nifty 50  (7485)


As mentioned yesterday we can see a dip in nifty to its support levels 7400.7350.7200
Today we can see these levels above the resistance levels 7506...7530 ..7580 nifty can again catch its uptrend to 7640..


We can see today

Now 7530 ...

MADE A HIGH OF 7540

CALL OF 09/03/16 WEDNESDAY

@ 09:31


Sell HCL TECH  ltp 810 

sl 820 

trgt 800/780

MADE A LOW 807.85 @12:46

NOW SL HIT

CALL OF 09/03/16 WEDNESDAY

@ 11:37

Buy Nifty 7442 

sl today's low [7407]

trgt 7480...


TRGT HIT

NIFTY VIEW @ 09:04 on 9th MARCH

Nifty 50  (7485)


As mentioned yesterday we can see a dip in nifty to its support levels 7400.7350.7200


Today we can see these levels above the resistance levels 7506...7530 ..7580

Nifty can again catch its uptrend to 7640..


We can see today

Sun Pharma

Sun Pharma: Arm Taro Pharma Gets US FDA Approval For Oxiconazole Nitrate Cream

Market Update

Sgx Nifty -31 pts
‎Dow -109.85 pts ,Nsdq -59.43 pts , S&P -22.50 pts ‎, Bovespa  -143 pts , Ftse -56 pts , Dax -86 pts , Cac -38 pts , Nikkei  -147 pts , now, Crude @ $36.51 brl (+0.01), Brent @ $39.65 brl (-1.19) , Gold @ $1264.00 (+1.10), Silver @ $15.39 (+0.00), Euro @ $1.0998, JPY @ $112.5800, INR @ $67.3463



Today's Corporate Action
9th Mar Ex Date


MINDTREE
Bonus issue 1:1




Today's Global Data


Mar 9: US American Petroleum Institute statistical bulletin for wk ended Mar 4; 0300 IST

Mar 9: Japan February money stock, broadly-defined liquidity data; 0520 IST

Mar 9: Japan February preliminary machine tool orders data; 1130 IST

Mar 9: Germany January manufacturing turnover data 1230 IST

Mar 9: UK January industrial production figures; 1500 IST

Mar 9: US MBA mortgage applications survey for week ended Mar 4; 1730 IST

Mar 9: UK February National Institute Of Economic and Social Research GDP
estimates data; 2030 IST

Mar 9: US January wholesale trade data; 2030 IST

Mar 9: US Energy Information Administration petroleum status report for week ended Mar 4; 2100 IST

Mar 9: US world agricultural supply and demand estimates; 2230 IST

Economic Times

Business Standard

Ø  Structural reforms to keep India an outperformer: Deutsche Bank CEO 

Ø  Economic growth improving in India: FM Arun Jaitley

Ø  FM Jaitley rolls back proposal to tax EPF 

Ø  FDI proposals of Rs 48,902 cr cleared till Jan in FY16

Ø  Oil prices may drop to $25/barrel: Moody's

Ø  Govt to sell 5% in Concor today, to get Rs 1,165 cr

Ø  PSB NPAs up by Rs 1L cr in 9 months of FY16: FM Jaitley



Ø  SBI and BoB not excited on move to consolidate state banks

Ø  Steel imports have come down by 1/4th against FY15: Steel Ministry

Ø  CBI probing alleged Rs 1K cr fraud at state-run Syndicate Bank

Ø  Sebi to make capital markets off limits for wilful defaulters

Ø  NSE asks brokers to segregate client demat accounts by Apr 30

Ø  Sri Lanka under Rs 9.5 trillion debt burden: PM Ranil

Ø  Govt to be held liable for delays in PPP projects

Business Line

Ø  Global headwinds no sign of a recession, says Moody’s

Ø  Suzuki Motorcycle begins assembling Hayabusa at Gurgaon plant

Ø   ISGEC Heavy Engg plans new branch in Jordan 

Ø  NTPC’s Kudgi plant to start commercial production in Sept

Ø  Anti-dumping duty on polypropylene imports from Singapore 

Ø  Century Plyboards to pay Re 1/share interim dividend

Mint

Ø  ICICI Bank to allow women employees to work from home for up to a year

Ø  Berkshire reports record full-year profit of $24.08 billion

Ø  Suzuki plans $1.8 billion bond sale to fund India expansion

Ø  IDBI Bank’s QIP plan to be revived

Ø  Ajay Piramal targets distressed Indian assets

Ø  Ikea to invest Rs2,000 crore in Haryana

Financial Express                

Ø  Sensex, Nifty end flat in a volatile trade; Cairn India gains over 6%

Ø  Rate cut not only panacea for economic ills: Subramanian

Ø  Gold prices soar to 22-month high on heavy buying; global buoyancy

Ø  Seed funding for startups to be in thick of action in 2016: Survey



Financial Chronicle

Ø  Hybrid MFs on track to clock Rs 20k cr inflows this year

Ø  Ramco Systems bags IFMS order from RSA Logistics

Ø  Ashok Leyland to get GDRs delisted from LSE

Ø  RCom gets nod for Sistema buy

8 March@ 8.30

Bank nifty mar fut (15328)
Bank nifty if trades above 15500 can rise to 16200
If maintains below 15200 we can see a dip upto 14700
All dips are buying opportunities with sl 14300 on closing basis
We can see 17000 in coming days if the momentum remains in positive zone

Nifty 50 (7585)

Buy on dips strategy 
Last week Nifty showed good momentum and rose upto 7500 with gap up patterns 
This week we can see 7400...7200 levels This dip will again form a positive pattern in charts 
Close and maintain abv 7506 can take nifty to 7670/7900/8000 levels

We can see selling pressure below 7200 on closing basis

Economic Times

Business Standard

Ø  Fitch lowers India's FY 2017 growth forecast to 7.7%

Ø  Mukesh Ambani's $20 bn bet on TV, telecom may rekindle wealthy brothers' rivalry

Ø  ED files money laundering case against Mallya 

Ø  Oil rout over, OPEC aims for $50 anchor: PIRA

Ø  Tata Motors, Bharat Forge tie up for FICV project

Ø  More selling by FIIs can't be ruled out: Chris Wood

Ø  Untimely rains hit winter-sown crops, delay harvest



Ø  Iron ore jumps by record 19%

Ø  Don't disburse $75 mn to Mallya, DRT orders Diageo

Ø  Govt relaxes CCI threshold limits for deal approvals

Ø  Industry hails proposal for 40% tax benefit on NPS scheme

Ø  FIPB clears Rs 14K cr FDI proposals; Nippon, Yes Bank get nod

Ø  OBC revises capital requirement from LIC for Fy16

Ø  Feb coal imports inch up for first time in 8 months : Official

Business Line

Ø  ‘India getting superior attention from Fortune-500 boardrooms’ 

Ø  Defence Ministry is ‘in no hurry’ to divest in HAL, BEL 

Ø  Apollo Tyres enters two-wheeler segment with Acti series 

Ø   Germany rejects calls to give Greece more time for budget goals 

Ø  Oil jumps as traders close short positions, US producers cut rig count

Mint

Ø  India’s coming oil drought will dwarf China’s shortfall

Ø  Suzuki plans $1.8 bn bond sale to fund India expansion

Ø  Govt aims to pass Aadhaar Bill in next 10 days

Ø  Sebi planning overhaul of commodity market norms

Ø  Strides acquires three OTC brands from Swedish firm Moberg

Ø  World’s food-import bill just shrank $9 bn to five-year low

Financial Express                

Ø  Equity MF inflows hit 21-month low at Rs 2,522 cr in Feb

Ø  NSE to auction investments worth Rs 4,681-cr in govt debt

Ø  Govt could gain votes in 2016 to pass GST bill: Morgan Stanley

Ø  Modi's budget promises fail to cheer debt-laden farmers

Ø  Pharma crusader Dinesh Thakur takes India's drug regulators to court



Financial Chronicle

Ø  RBI to share FDI-related info with IB, RAW on black money

Ø  CBDT forms directorates to monitor taxpayer service

Ø  UK visa fees set for big hike from March 18

Ø  China sets deadline to switch over to VAT from May 1

Market Update

Sgx Nifty +76 pts(7536) Nifty Fut (7460)
‎Dow +67.18 pts ,Nsdq -8.77 pts , S&P +1.77 pts ‎, Bovespa  +161 pts , Ftse -17 pts , Dax -45 pts , Cac -14 pts , Nikkei  -19 pts , now, Crude @ $37.86 brl (-0.04), Brent @ $40.84 brl (+2.12) , Gold @ $1268.90 (+4.90), Silver @ $15.68 (+0.04), Euro @ $1.1018, JPY @ $113.0900, INR @ $67.0950



Today's Corporate Action
8th Mar Ex Date


CRISIL
Final Dividend - Rs. - 7.0000
CRISIL
Special Dividend - Rs. - 3.0000
ENGINERSIN
Special Dividend - Rs. - 2.0000

CALL OF 03/03/2016 THURSDAY

10:18

Buy SBI ltp 178.40 

sl 174 

trgt 182/184/188

ALL TRGT DONE

NIFTY VIEW @ 09:11

Nifty 50 

Today again we can see good momentum in Nifty 

Support for the day 7410..7420..7440 zone 

Resistance 7600...7680

Economic Times

Business Standard

Ø  Tata firm in talks to buy JP Morgan MF's India assets

Ø  Adani may buy Jindal Power; valuation at Rs 20K crore

Ø  Infy on track for industry-leading growth in FY17: Vishal Sikka

Ø  India touches an all-time high on deal street

Ø  Birlas move court over takeover of cement biz

Ø  Oil's squeeze spreads from Gulf states to banks

Ø  Anti-dumping duty likely on a chemical imports from 6 nations



Ø  DRT to decide on plea seeking Mallya's arrest today

Ø  Firms rush to declare interim dividend to avoid dividend distribution tax

Ø  Govt to shortly issue 3rd tranche of gold bond scheme

Ø  Start-up driven PE/VC deals hit $16 bn mark in 2015

Ø  US to have full reciprocity with India on tax info under FATCA

Ø  Yes Bank buys over 5% stake in advisory firm IiAS

Ø  TPG group said to disagree with Anil Ambani over tower value

Business Line

Ø  Govt to hike gas price for ONGC, RIL

Ø  Call drops: Apex court to hear telecom companies’ plea against HC order

Ø  SEBI okays Nippon's plan to hike stake in RCam 

Ø  Job opportunities in public sector have shrunk: Govt

Ø  Wind energy players expect new policy to provide major trigger for growth 

Mint

Ø  Aadhaar Bill introduced as a money bill in Lok Sabha

Ø  Maruti hikes prices by up to Rs34,494 to offset infra cess

Ø  Flipkart launches payment wallet to take on Paytm, others

Ø  Gyan Sangam 2.0 likely to be a progress report

Ø  Yes Bank acquires 5% stake in proxy advisory firm IiAS

Ø  DCB Bank acquires 5.81% stake in Annapurna Microfinance

Financial Express                

Ø  Sensex rally continues for 3rd day, ends 364 points up

Ø  Drop in global oil prices a windfall for Indian economy: IMF

Ø  HSBC sees year-end rupee at 69 against US dollar

Ø  Services sector activity falls to 3-month low in Feb

Ø  Vijay Mallya regrets that Kingfisher Airlines is not flying when oil price is so low

Ø  Amid volatility, NSE February average turnover at all-time high



Financial Chronicle

Ø  Budget credit negative for PSBs: Moody's

Ø  Sterling and Wilson looks to expand to Africa

Ø  STT hike will fetch about `125 crore more in FY17

Ø  Coal India to buy back 5% govt stake next year

Ø  MoRTH cancels Zojila tunnel contract to IRB

Ø  Firms hurry to beat clock on dividend tax

Market Update

Sgx Nifty +25 pts‎
‎Dow +54.58 pts ,Nsdq +4.00 pts , S&P +6.95 pts ‎, Bovespa  +2300 pts , Ftse -16 pts , Dax -24 pts , Cac -8 pts , Nikkei  -81 pts , now, Crude @ $34.74 brl (+0.04), Brent @ $37.07 brl (+0.14) , Gold @ $1260.90 (+2.70), Silver @ $15.20 (+0.04), Euro @ $1.0947, JPY @ $113.6300, INR @ $67.3387

US GENERIC GOVT. 10-YEAR YIELD : 1.8337%

Today's Corporate Action
4th Mar Ex Date

None

Today's Global Data


Mar 4: US federal discount window borrowings; 0300 IST

Mar 4: US foreign central bank holdings data; 0300 IST

Mar 4: US money stock measures; 0300 IST

Mar 4: Japan February imported vehicle sales data; 0730 IST

Mar 4: UK February car registrations figures; 1430 IST

Mar 4: Eurozone February retail PMI; 1440 IST

Mar 4: Bank of England Oct-Dec external business stats; 1500 IST

Mar 4: US January data on international trade in goods & services; 1700 IST

Mar 4: US February non-farm payrolls data; 1700 IST

Mar 4: UK February Halifax house price index

Mar 4: Japan January provisional labour survey

UPDATE @ 02:39 ON 3rd MARCH

CALL OF 02/03/2016 WEDNESDAY

@ 02:32

Buy Nifty ltp 7358 

sl 7320 

trgt 7384/7416/7440

ALL TRGT HIT

CALL OF 03/03/2016 THURSDAY

10:18

Buy SBI ltp 178.40 

sl 174 

trgt 182/184/188


FIRST TRGT DONE

CALL OF 03/03/2016 THURSDAY

10:13

Intraday trade 

Buy Idea ltp 105.40 

sl 104.20 

trgt 106.10/107.40

All trgt achvd

Update @ 10.20 

CALL OF 03/03/2016 THURSDAY

10:13

Intraday trade 

Buy Idea ltp 105.40 

sl 104.20 

trgt 106.10/107.40

Frst trgt achvd Book profit by choice trail sl to cost

Update @ 10.27

CALL OF 03/03/2016 THURSDAY

10:11

Low risk trade 

Buy LT 1144 

sl 1130 

trgt 1157/1161/1166

ALL TRGT HIT

CALL OF 02/03/2016 WEDNESDAY

@ 10:51

Buy Asian Paint ltp 873 

sl 862 

trgt 882/885/894



SECOND TRGT ACHVD

CALL OF 02/03/2016 WEDNESDAY

@ 02:32

Buy Nifty ltp 7358 

sl 7320 

trgt 7384/7416/7440

FIRST TRGT HIT

MADE A HIGH OF 7410

ALMOST SECOND TRGT DONE

CALL OF 02/03/2016 WEDNESDAY

@ 10:38

Intraday call

Buy Wipro ltp 531

SL 524 

trgt 542

TRGT HIT

CALL OF 02/03/2016 WEDNESDAY

@ 02:40

Buy Tata Motors ltp 318 

sl 314 

trgt 326

TRGT HIT

NIFTY VIEW @ 08:55

Nifty 50 (7368)

Nifty is showing reversal patterns and good momentum catch of uptrend.

We can see a gap up opening today too as sgx is trading  +54 points.

Today like yesterday nifty maintains the gap and trades towards higher levels we can see 7448/7660/7940.

If nifty opens near resistance and trades lower or fills the gap of yesterday we can see again selling pressure to 7200..7100 the support zones.

Market Update

Sgx Nifty +54 pts
‎Dow +34.24 pts ,Nsdq +13.83 pts , S&P +8.10 pts ‎, Bovespa  +770 pts , Ftse -5 pts , Dax +59 pts , Cac +18 pts , Nikkei  +4 pts , now, Crude @ $34.65 brl (-0.01), Brent @ $36.93 brl (+0.12) , Gold @ $1242.00 (+0.20), Silver @ $14.96 (-0.01), Euro @ $1.0872, JPY @ $113.6100, INR @ $67.5462



Today's Corporate Action
3rd Mar Ex Date


BPCL
Interim Dividend - Rs. - 3.5000
MATRUTR
Bonus issue 7:1
PRAKASHSTL
Stock  Split From Rs.10/- to Rs.1/-




Today's Global Data



Mar 3: Federal Reserve Beige Book; 0030 IST

Mar 3: Japan February services PMI; 0730 IST

Mar 3: UK February house price index; 1230 IST

Mar 3: Germany February services PMI; 1425 IST

Mar 3: Eurozone February services PMI; 1430 IST

Mar 3: Bank of England's Oct-Dec funding for lending scheme data; 1500 IST

Mar 3: UK February CIPS/Markit services PMI; 1500 IST

Mar 3: Eurozone January retail trade data; 1530 IST

Mar 3: US February Challenger Job-Cut Report; 1800 IST

Mar 3: US jobless claims data for week to Feb 26; 1900 IST

Mar 3: US Oct-Dec revised productivity & costs; 1900 IST

Mar 3: US export sales data for week to Feb 26; 1900 IST

Mar 3: US February Services PMI; 2015 IST

Mar 3: US February ISM non-manufacturing report on business; 2030 IST

Mar 3: US January manufacturers' shipments, inventories & orders; 2030 IST

Mar 3: Energy Information Administration natural gas storage report for week ended Feb 26; 2100 IST

Mar 3: US February global services PMI; 2130 IST

Mar 3: US February US retail chain store sales index; 2230 IST

Economic Times

Business Standard

Ø  IMF projects 7.3% GDP growth rate for India

Ø  '50-bps+ rate cut possible if inflation is under control'

Ø  Ajay Piramal in race to buy Lafarge’s $2 bn India biz

Ø  Govt mulls asset sale or disinvestment for 80 PSUs

Ø  Britain will be weaker outside EU: UK government

Ø  PSU banks rally on RBI move; shares surge by up to 12.5%

Ø  India plans to bring Iran back into banking clearing union

Ø  Govt to get Rs 40,000 cr by 2018 from coal cess: Piyush Goyal



Ø  PSU banks' extra capital need may drop 15%

Ø  RIL, Tata Steel, Adani to gain from investment allowance rejig

Ø  Govt expects Real estate Bill to be a reality soon: Naidu

Ø  NPAs of PSBs at Rs 3 lakh crore: CBI chief Anil Sinha

Ø  Putin says Russian oil producers agreed to freeze output in 2016

Ø  Sebi's 1st big action in castor seeds futures scam

Ø  Hinduja group formally acquires London's iconic Old War Office building

Business Line

Ø  World Bank announces second auction for emission reductions 

Ø  Surge in billionaire count in India jumps 333% 

Ø  Relaxation of offshore fund norms is not enough, feel experts

Ø  Tax on dividends beyond Rs. 10 l:  Ministry rules out review of proposal 

Ø  BEML bags Rs. 900 cr order from Kolkata Metro Rail

Ø  Plastic waste recycling start-up Banyan Nation raises $800,000

Mint

Ø  Global financial market volatility could be disruptive for India: IMF

Ø  China rating outlook cut as Moody’s warns of debt, reform risks

Ø  RIL to double market cap to $100 bn in 3-4 years: M Stanley

Ø  Dabur, Marico and P&G drop prices of flagship products in January

Ø  Vodacom, Neotel transaction lapses due to regulatory complexities

Financial Express                

Ø  Sensex closes 463 points up led by gains in banking stocks; Nifty settles above 7,350; SBI surges over 12%

Ø  CBI blasts lenders for KFA fraud, not filing complaint

Ø  Jindal Steel share price surge 7% on power assets sale buzz

Ø  Gold prices extends losses on robust US data, higher stocks

Ø  Bullion traders slam duty move, gold markets shut for 3 days



Financial Chronicle

Ø  Gold refiners face risk of UN sanction for conflict gold import

Ø  Infra bonds not to be tax-free in FY17

Ø  NTPC may get more time to meet emission norms

Ø  Rupee hits 7-week high of 67.54 vs $, up 31 paise

Ø  Coal duty leaves steel sector in cold

Ø  Govt move to hit green power tariff

UPDATE @ 01:46

CALL OF 02/03/2016 WEDNESDAY

@ 12:49

Intraday call 

Sell Bata ltp 479 

sl 482.40 

trgt 474/472


ALL TRGT HIT

UPDATE @ 01:11

CALL OF 02/03/2016 WEDNESDAY

@ 09:43

Buy Nifty if maintains abv 7320 
with today's low sl [7302]
for trgt 7368

TRGT HIT

UPDATE @ 10:00 ON 2nd MARCH

Call of 01/03/16 Tuesday

@ 02:33

Intraday call 

Buy Jet Airways ltp 508 sl 500 
trgt 526

Trgt done

Call of 01/03/16 TUESDAY 

@ 03:50

Buy Crude ltp 2325 

sl 2268 

trgt 2358/2394/2480

MADE A HIGH OF 2366

TRAIL SL TO COST
OR BOOK PROFIT BY CHOICE

UPDATE @ 09:18 ON 2nd MARCH

Call of 01/03/16 TUESDAY 

@ 01:05

Buy Siemens ltp 1018 
sl 1010 
trgt 1038

TRGT HIT

UPDATE @ 09:18 ON 2nd MARCH

Call of 01/03/16 TUESDAY 

@ 12:35

Intraday call

Buy Just Dial ltp 533
sl 520 
trgt 544/554

ALL TRGT ACHVD

Economic Times

Business Standard

Ø  Reserve Bank of India eases Basel III capital rules

Ø  Govt may get Rs 50K cr in next spectrum auction: Credit Suisse

Ø  IDBI keen to tie up with NSDL for payments bank

Ø  'Bill Gates richest man in world, Mukesh Ambani 36th'

Ø  SC to hear plea against P Chidambaram on Ishrat Jahan

Ø  Govt approves Adani Ports's proposal to club three SEZs in Gujarat

Ø  Budget impact: Rush of interim dividend payouts likely



Ø  New dividend tax to hurt Premji, Mukesh Ambani the most

Ø  GAAR to bring tax clarity for overseas investors

Ø  Govt to consider partial rollback of tax on EPF withdrawals

Ø  Cipla transfers consumer healthcare business to subsidiary

Ø  Steel prices to increase by Rs 2,000 a tonne

Ø  Hindalco, Nalco to get price hike room after customs duty hike

Ø  Budget moderately positive for all sectors except PSBs: Moody's

Ø  PlanMin allocation cut 86% for financial year 2017

Business Line

Ø  Korean agency sees surplus monsoon for India

Ø  Defence Ministry seals 44 deals worth Rs. 40,000 cr in FY 15 

Ø  Sahara’s Amby Valley reopens after payment of tax dues

Ø  Restriction on FIIs may impact Tata Chemicals

Ø  Talks to acquire French Rafale fighter jets not yet over

Ø  Regulatory issues stall Tata Communications plan on Neotel exit

Mint

Ø  India’s manufacturing PMI expands for a second month in February

Ø  Jaguar Land Rover’s 2015-16 pretax profit set to halve

Ø  DLF pushes ahead with REIT listing plans

Ø  IRB says govt has cancelled award of Zojila Pass tunnel project

Ø  Budget 2016-17: Cuts in R&D tax breaks disappoints life sciences industry

Financial Express                

Ø  SBI: RBI policy needs to be inflation, fiscal deficit driven

Ø  Centre can't stop us from exporting crude: Cairn India to HC

Ø  ATF price up 12%; non-subsidised LPG rate cut by Rs 61.5

Ø  Indian rupee firms up 57 paise to 3-week high of 67.85 vs US dollar



Financial Chronicle

Ø  Balanced effort to maintain current account deficit

Ø  Lower deficit target will bring down cost of funds: MFs

Ø  Tatas hikes passenger car prices by up to Rs 35,000

Ø  Govt working to transform India in digital terms

Ø  Skill development will pave way for better India

Market Update

Sgx Nifty +83 pts
‎Dow +348.58 pts ,Nsdq +131.64 pts , S&P +46.12 pts ‎, Bovespa  +1330 pts , Ftse +55 pts , Dax +221 pts , Cac +53 pts , Nikkei  +464 pts , now, Crude @ $33.95 brl (-0.45), Brent @ $36.81 brl (+0.24) , Gold @ $1231.90 (+1.10), Silver @ $15.84 (+0.07), Euro @ $1.0873, JPY @ $113.9500, INR @ $67.8650



Today's Corporate Action
2nd Mar Ex Date


None



Today's Global Data


Mar 2: US February domestic auto industry sales; 0230 IST

Mar 2: American Petroleum Institute statistical bulletin for week ended Feb
26; 0300 IST

Mar 2: UK February narrow money and reserve balances; 0300 IST

Mar 2: UK February CIPS/Markit Construction PMI; 0300 IST

Mar 2: Eurozone January producer price index; 0330 IST

Mar 2: Japan February monetary base; 0520 IST

Mar 2: US MBA mortgage applications survey for week ended Feb 26; 0530 IST

Mar 2: US February ADP national employment report; 1845 IST

Mar 2: US February ISM-NY Report on Business; 2015 IST

Mar 2: US Energy Information Administration petroleum status report for weekended Feb 26; 2100 IST

Mar 2: Texas Independence Day

NIFTY VIEW @ 08:56

Nifty 50 (7222)

Nifty can show today gap up opening as sgx is trading +95 points.

If nifty maintains the gap till closing it can be a good sign for a sharp rally in coming days.

Resistance zone 7370...7440 maintains above this we can see 7500

7220..7260 zone can act as support for intraday

Economic Times

Business Standard

Ø  Budget to boost demand, supply of affordable homes | Highlights

Ø  Budget 2016: FM leaves room for RBI to cut rates

Ø  Budget 2016: 'A positive for both equity and bond markets'

Ø  'Vodafone, Cairn can pay tax arrears to settle disputes'

Ø  Plans to boost investment in gas blocks seen falling

Ø  Axis Bank buys 4.99% stake in Max Life Insurance

Ø  Service tax to be levied on transfer of spectrum: FM

Ø  MCX  nod for appointment of Mrugank Paranj as MD & CEO



Ø  Tax on pension corpus: Jaitley just shrank your retirement kitty

Ø  Employer's contribution to provident fund beyond Rs 1.5 lakh to be taxed

Ø  Indian Oil Corp buys Russian Urals crude in rare tender : Sources

Ø  Petrol price cut by Rs 3.02, diesel increased by Rs 1.47 per litre

Ø  Donald Trump, Hillary Clinton emerge dominant ahead of 'Super Tuesday': Poll

Ø  Maruti Suzuki hits 14-month low; exit Rs 1 lakh crore market-cap club

Ø  Budget proposes options and index futures in commodities

Business Line

Ø  HC upholds TRAI order to compensate consumers for call drops

Ø  Indirect taxes saves the day for govt, transforms fiscal landscape 

Ø  Jaitley plans to amend SEBI Act to increase benches in SAT

Ø  Govt plans to relax FDI policy in insurance, food processing

Ø  Rs 25,000 cr for recapitalisation of banks not enough

Mint

Ø  IndiGo to take delivery of 24 Airbus A320neo aircraft by March 2017

Ø  Sumitomo Mitsui Banking Corp to sell stake in Kotak Mahindra Bank

Ø  Rupee closes stronger at 68.42 per dollar as Jaitley sticks to fiscal deficit target

Ø  Indiabulls Real Estate Fund invests Rs125 cr in Mumbai project

Ø  Govt ready to bring IDBI Bank stake to under 50%: Arun Jaitley

Financial Express                

Ø  Investors give thumbs down to Union Budget 2016, Sensex ends 152 points down

Ø  Global growth prospects clouded, need coherent response: OECD

Ø  Budget 2016: Income tax slabs remain unchanged

Ø  Two downgrades a day put India Inc in trouble



Financial Chronicle

Ø  Budget is pro-village, pro-poor, pro-farmers: Modi

Ø  Budget aims at increasing rural income, infra: Jaitley

Ø  Likely to increase global confidence in our economy

Ø  Infrastructure to get Rs 2,21,246 cr investment boost

Ø  Rural sector will drive the automobile industry

Market Update

Sgx Nifty +52 pts
‎Dow -123.47 pts ,Nsdq -32.52 pts , S&P -15.82 pts ‎, Bovespa  +1200 pts , Ftse +1 pts , Dax -17 pts , Cac +38 pts , Nikkei  +5 pts , now, Crude @ $33.75 brl (0.00), Brent @ $35.97 brl (+0.87) , Gold @ $1240.90 (+6.50), Silver @ $14.91 (+0.00), Euro @ $1.0881, JPY @ $112.4500, INR @ $68.4225



Today's Corporate Action
1st Mar Ex Date


None



Today's Data Alert


Mar 1 : Monthly Vehicle Sales For Month February


Mar  1: Nikkei Manufacturing PMI for February, by Markit Economics. 1030 IST

Mar  1: 14-day variable rate term repo for 150 bln rupees. Bids to be
submitted between 1100 and 1130 IST.

‎

Today's Global Data


Mar 1: US February agricultural prices data; 0130 IST

Mar 1: US Foreign portfolio holdings of US securities preliminary   results; 0230 IST
‎
Mar 1: Japan January household spending data; 0500 IST

Mar 1: Japan January labour force survey; 0500 IST

Mar 1: Japan Oct-Dec financial statements statistics of corporations; 0520
IST

Mar 1: UK February CBI growth indicator survey; 0531 IST

Mar 1: Japan February manufacturing purchasing managers' index; 0730 IST

Mar 1: Japan February auto sales; 1030 IST

Mar 1: Germany February manufacturing PMI; 1425 IST

Mar 1: European February manufacturing PMI; 1430 IST

Mar 1: UK February CIPS/Markit manufacturing PMI; 1500 IST

Mar 1: European January unemployment report; 1330 IST

Mar 1: US Retail Economist/Goldman Sachs chain store sales data for
week to Feb 27; 1815 IST

Mar 1: US Johnson Redbook Retail Sales Index for week ended Feb 27; 1725 IST

Mar 1: US February Manufacturing PMI; 2015 IST

Mar 1: US February ISM Manufacturing Report on Business; 2030 IST

Mar 1: US January construction spending data; 2030 IST

Mar 1: US February global Manufacturing PMI; 2130 IST

Mar 1: Germany Chancellor Merkel to meet Croatian PM Oreskovic