Market Update

Sgx Nifty +73 pts
‎Dow +74.23 pts ,Nsdq +35.30 pts , S&P 11.29 pts ‎, Bovespa  +633 pts , Ftse +35 pts , Dax +49 pts , Cac -9 pts , Nikkei  +191 pts , now, Crude @ $38.84 brl (+0.38), Brent @ $40.81 brl (+0.48) , Gold @ $1262.00 (+32.00), Silver @ $15.63 (+0.41), Euro @ $1.1209, JPY @ $112.8900, INR @ $67.2350



Today's Corporate Action
17th Mar Ex Date


MANINFRA
Interim Dividend - Rs. - 0.9900
AEGISLOG
Interim Dividend - Rs. - 0.3000
AIAENG
Interim Dividend - Rs. - 8.0000
AIAENG
Special Dividend - Rs. - 10.0000
AJANTPHARM
Interim Dividend - Rs. - 8.0000
APMIN
Interim Dividend - Rs. - 2.0000
ARIHCAPM
Interim Dividend - Rs. - 0.7500
ASTRAL
Interim Dividend - Rs. - 0.2500
ATHARVENT
Bonus issue 1:1
BAJAJELEC
Interim Dividend - Rs. - 2.8000
BIOCON
Interim Dividend - Rs. - 5.0000
BODALCHEM
Interim Dividend - Rs. - 0.4000
BOROSIL
Interim Dividend - Rs. - 25.0000
CADILAHC
Interim Dividend - Rs. - 3.2000
CARBORUNIV
Interim Dividend - Rs. - 0.5000
CCL
Interim Dividend - Rs. - 1.5000
CESC
Interim Dividend - Rs. - 10.0000
CHEMBOND
Interim Dividend - Rs. - 3.0000
CHEVIOT
Interim Dividend - Rs. - 17.0000
CUPID
Interim Dividend - Rs. - 2.0000
DEEPAKFERT
Interim Dividend - Rs. - 5.0000
DHFL
Interim Dividend - Rs. - 3.0000
DISHMAN
Interim Dividend - Rs. - 2.0000
DIVISLAB
Interim Dividend - Rs. - 10.0000
EDELWEISS
Interim Dividend - Rs. - 0.2500
EIHAHOTELS
Interim Dividend - Rs. - 3.0000
EIHOTEL
Interim Dividend - Rs. - 1.1000
ELDEHSG
Interim Dividend - Rs. - 10.0000
ELIXIR
Interim Dividend - Rs. - 1.2500
EMPIND
Interim Dividend - Rs. - 20.0000
FDC
Interim Dividend - Rs. - 2.2500
FIEMIND
Interim Dividend - Rs. - 5.0000
FORCEMOT
Interim Dividend - Rs. - 10.0000
GESHIP
Interim Dividend - Rs. - 7.5000
GUJFLUORO
Interim Dividend - Rs. - 3.5000
HESTERPH
Interim Dividend - Rs. - 3.0000
HINDPETRO
Interim Dividend - Rs. - 7.0000
IMPAL
Interim Dividend - Rs. - 6.5000
INDIANHUME
Interim Dividend - Rs. - 3.0000
INDIANHUME
Special Dividend - Rs. - 0.2000
INDOCO
Interim Dividend - Rs. - 1.4000
JBCHEPHARM
Interim Dividend - Rs. - 4.5000
JENBURPH
Interim Dividend - Rs. - 6.3000
JYOTHYLAB
Interim Dividend - Rs. - 4.0000
KCP
Interim Dividend - Rs. - 1.0000
KIRLFER
Interim Dividend - Rs. - 1.2500
KKCL
Interim Dividend - Rs. - 7.0000
KOTHARIPRO
Interim Dividend - Rs. - 3.0000
KRBL
Interim Dividend - Rs. - 1.9000
KRITIIND
Interim Dividend - Rs. - 0.1800
KRITINUT
Interim Dividend - Rs. - 0.1200
LOVABLE
Interim Dividend - Rs. - 1.5000
LUMAXIND
Interim Dividend - Rs. - 12.0000‎
LUMAXTECH
Interim Dividend - Rs. -4.7000
MARICO
Interim Dividend - Rs. - 1.0000
MEGH
Interim Dividend - Rs. - 0.3000
MENONBE
Interim Dividend - Rs. - 1.0000
MUNJALAU
Interim Dividend - Rs. - 1.4000
MUTHTFN
Interim Dividend - Rs. - 5.5000
NOIDATOLL
Interim Dividend - Rs. - 1.5000
OBEROIREAL
Interim Dividend - Rs. - 2.0000
OMMETALS
Interim Dividend - Rs. - 0.3000
PEL
Interim Dividend - Rs. - 17.5000
PERSISTENT
Interim Dividend - Rs. - 3.0000
PHOENIXLTD
Interim Dividend - Rs. - 1.7500
POLYMED
Interim Dividend - Rs. - 2.5000
PRAJIND
Interim Dividend - Rs. - 1.6200
RANEHOLDIN
Interim Dividend - Rs. - 10.0000
RATNAMANI
Interim Dividend - Rs. - 5.5000
RBL
Interim Dividend - Rs. - 10.0000
RELIANCE
Interim Dividend - Rs. - 10.5000
RESPONIND
Interim Dividend - Rs. - 0.1000
RICOAUTO
Interim Dividend - Rs. - 0.5000
RML
Interim Dividend - Rs. - 4.5000
RUSHIL
Interim Dividend - Rs. - 0.5000
SAKUMA
Interim Dividend - Rs. - 1.0000
SAMKRG
Interim Dividend - Rs. - 4.0000
SARDAEN
Interim Dividend - Rs. - 2.0000
SHARDUL
Interim Dividend - Rs. - 0.6000
SHK
Interim Dividend - Rs. - 1.5000
SHOPERSTOP
Interim Dividend - Rs. - 0.7500
SHREECEM
Interim Dividend - Rs. - 12.0000
SKPSEC
Interim Dividend - Rs. - 1.0000
SUKHJITS
Interim Dividend - Rs. - 5.0000
SUNDARMFIN
Interim Dividend - Rs. - 5.5000
SUNDRMFAST
Interim Dividend - Rs. - 1.3000
SYMPHONY
Interim Dividend - Rs. - 20.0000
SYNGENE
Interim Dividend - Rs. - 1.0000
TATAINVEST
Interim Dividend - Rs. - 17.0000
TIIL
Interim Dividend - Rs. - 3.0000
TIRUMALCHM
Interim Dividend - Rs. - 6.0000
TORNTPOWER
Interim Dividend - Rs. - 4.5000
TRENT
Interim Dividend - Rs. - 9.0000
TTKPRESTIG
Interim Dividend - Rs. - 27.0000
TVSMOTOR
Interim Dividend - Rs. - 1.5000
UFO
Interim Dividend - Rs. - 5.0000
UJAAS
Interim Dividend - Rs. - 0.0750
UNICHEMLAB
Interim Dividend - Rs. - 2.0000
VGUARD
Interim Dividend - Rs. - 4.5000
VIRATCRA
Interim Dividend - Rs. - 0.5000
VISAKAIND
Interim Dividend - Rs. - 3.0000
VTL
Interim Dividend - Rs. - 15.0000
VTMLTD
Interim Dividend - Rs. - 0.7500
WIMPLAST
Interim Dividend - Rs. - 12.0000
WONDERLA
Interim Dividend - Rs. - 1.5000
ZFSTEERING
Interim Dividend - Rs. - 12.5000




Today's Global Data


Mar 17: European Central Bank President Draghi's to speak at the
 contemporary art from Poland exhibition; 0030 IST

Mar 17: US Federal Reserve economic projections; 0030 IST

Mar 17: US Federal Reserve's interest rate decision, followed by Chair
Yellen's   press briefing; 0030 IST
‎
Mar 17: Japan February provisional trade statistics; 0620 IST

Mar 17: Bank of Japan Governor Kuroda to speak; 1300 IST

Mar 17: UK February CML mortgage lending figures; 1600 IST

Mar 17: Eurozone January foreign trade data; 1630 IST

Mar 17: Eurozone February harmonised consumer price index data; 1630 IST

Mar 17: Bank of England's March monetary policy committee meeting minutes;1830 IST

Mar 17: UK March interest rate decision; 1830 IST

Mar 17: US March Philadelphia Fed business outlook survey; 1900 IST

Mar 17: US Oct-Dec international transactions; 1900 IST

Mar 17: US unemployment insurance claims report for week ended Mar 12; 1900
IST

Mar 17: US weekly export sales report; 1900 IST

Mar 17: International Monetary Fund press briefing with Communications   Department's Director Rice; 2000 IST

Mar 17: US February leading indicators; 2030 IST

Mar 17: US January job openings and labour turnover survey; 2030 IST

Mar 17: US EIA natural gas storage report for week ended Mar 11; 2100 IST

Mar 17: Eurozone summit

Mar 17: UK Shadow Chancellor to respond to Wednesday's Budget statement

Mar 17: European systemic risk general board meeting

m Dividend - Rs. - 9.0000
TTKPRESTIG
Interim Dividend - Rs. - 27.0000
TVSMOTOR
Interim Dividend - Rs. - 1.5000
UFO
Interim Dividend - Rs. - 5.0000
UJAAS
Interim Dividend - Rs. - 0.0750
UNICHEMLAB
Interim Dividend - Rs. - 2.0000
VGUARD
Interim Dividend - Rs. - 4.5000
VIRATCRA
Interim Dividend - Rs. - 0.5000
VISAKAIND
Interim Dividend - Rs. - 3.0000
VTL
Interim Dividend - Rs. - 15.0000
VTMLTD
Interim Dividend - Rs. - 0.7500
WIMPLAST
Interim Dividend - Rs. - 12.0000
WONDERLA
Interim Dividend - Rs. - 1.5000
ZFSTEERING
Interim Dividend - Rs. - 12.5000




Today's Global Data


Mar 17: European Central Bank President Draghi's to speak at the
 contemporary art from Poland exhibition; 0030 IST

Mar 17: US Federal Reserve economic projections; 0030 IST

Mar 17: US Federal Reserve's interest rate decision, followed by Chair
Yellen's   press briefing; 0030 IST
‎
Mar 17: Japan February provisional trade statistics; 0620 IST

Mar 17: Bank of Japan Governor Kuroda to speak; 1300 IST

Mar 17: UK February CML mortgage lending figures; 1600 IST

Mar 17: Eurozone January foreign trade data; 1630 IST

Mar 17: Eurozone February harmonised consumer price index data; 1630 IST

Mar 17: Bank of England's March monetary policy committee meeting minutes;1830 IST

Mar 17: UK March interest rate decision; 1830 IST

Mar 17: US March Philadelphia Fed business outlook survey; 1900 IST

Mar 17: US Oct-Dec international transactions; 1900 IST

Mar 17: US unemployment insurance claims report for week ended Mar 12; 1900
IST

Mar 17: US weekly export sales report; 1900 IST

Mar 17: International Monetary Fund press briefing with Communications   Department's Director Rice; 2000 IST

Mar 17: US February leading indicators; 2030 IST

Mar 17: US January job openings and labour turnover survey; 2030 IST

Mar 17: US EIA natural gas storage report for week ended Mar 11; 2100 IST

Mar 17: Eurozone summit

Mar 17: UK Shadow Chancellor to respond to Wednesday's Budget statement

Mar 17: European systemic risk general board meeting


Mar 17: European Central Bank's 

NIFTY VIEW @ 09:15

NIFTY VIEW @ 09:15

Nifty 50 (7460)


Strong support zone in nifty is 7400...7440 if holds it can again catch its uptrend to touch 7600
Break of 7440 can show a dip of 7400...7370..7380 zone too

If these supports break on closing basis nifty will again enter in a selling pressure zone to show 7350..7200

To catch uptrend 7620 cross over on closing basis is imp

For a rally of 340..380 points

Economic Times

Business Standard

Ø  On Mallya trail, ED lens on his dad's offshore trust

Ø  FinMin to meet recovery officers of PSBs next wk

Ø  Falling exports, high deficits affect India rating: JCR

Ø  Over Rs 1 lakh crore disbursed under MUDRA Yojana

Ø  Indian workers face deportation under new UK immigration law

Ø  Sebi allows FPIs to invest in REITs under default

Ø  Agriculture sector grows by 1.6% in first 4 years of 12th Five Year Plan



Ø  Cairn Energy gets over Rs 29,000-cr tax demand

Ø  Prominent people hiding income as agri money: Govt

Ø  Sovereign, pension funds may invest $50 billion in India: Report

Ø  Sebi gets cracking on scheme mergers

Ø  Government rules out loan waiver to sugar mills

Ø  Adani gets Queensland backing for Australian coal project

Ø  Govt's red signal for new two-wheeler models in Delhi

Ø  ARCs to face capital challenges despite Budget booster

Business Line

Ø  Reliance Defence, France’s Sagem team up to develop tracking systems 

Ø  Expert seeks more budgetary provision to strengthen banks 

Ø  HAL to manufacture Russian KAMOV Ka-226T helicopters

Ø  Steel market improving after MIP policy: RINL CMD 

Ø  NCC to divest stake in Krishnapatnam power plant to Sembcorp Utilities for Rs. 352 cr

Ø  Oil prices fall as clouds gather over supply picture

Mint

Ø  PSU banks write off 38 accounts worth Rs8,033 crore

Ø  Oldest nuclear reactors at Tarapur near Mumbai may be shut down

Ø  Kingfisher Airlines brand valuer Grant Thornton now in dock

Ø  SpiceJet to pass board resolution within 3 days for issuance of warrants: HC

Ø  P&G India may challenge government ban on Vicks Action 500 Extra

Financial Express                

Ø  Sensex slips 253 points ahead of US Fed meet, Nifty settles at 7,460

Ø  Gold imports contract 29.5 per cent to $1.39 bn in Feb

Ø  Parliament passes Real Estate Bill; homebuyers to gain

Ø  Crude oil will remain range-bound; Good time for India to stockpile oil assets



Financial Chronicle

Ø  RCAM to be renamed as Rel Nippon Life Asset Management

Ø  Jewellers mull alternative tax options

Ø  Solar tool launched to select power components

Ø  EPFO to probe Kingfisher Airlines' PF compliance

Ø  Aurobindo gets final USFDA nod for osteoporosis drug

Market Update

Sgx Nifty +29 pts
‎Dow +22.40 pts ,Nsdq -21.61 pts , S&P -3.71 pts ‎, Bovespa  -1740 pts , Ftse -34 pts , Dax -56 pts , Cac -33 pts , Nikkei  -145 pts , now, Crude @ $36.92 brl (+0.58), Brent @ $38.74 brl (-0.79) , Gold @ $1232.00 (+1.00), Silver @ $15.28 (+0.01), Euro @ $1.1106, JPY @ $113.0600, INR @ $67.3862



Today's Corporate Action
16th Mar Ex Date


ALKYLAMINE
Interim Dividend - Rs. - 10.0000
ASHOKA
Interim Dividend - Rs. - 0.8000
BAJAJ-AUTO
Interim Dividend - Rs. - 50.0000
BAJAJFINSV
Interim Dividend - Rs. - 1.7500
BAJAJHLDNG
Interim Dividend - Rs. - 25.0000
BAJFINANCE
Interim Dividend - Rs. - 18.0000
BALKRISIND
Interim Dividend - Rs. - 3.0000
BALKRISIND
Special Dividend - Rs. - 2.5000
BANARBEADS
Interim Dividend - Rs. - 2.5000
IRB
Interim Dividend - Rs. - 2.0000
KABRAEXTRU
Interim Dividend - Rs. - 2.2500
KPRMILL
Interim Dividend - Rs. - 4.0000
LAHOTIOV
Interim Dividend - Rs. - 0.4000
MODISNME
Interim Dividend - Rs. - 1.0000
MUNJALSHOW
Interim Dividend - Rs. - 4.0000
MUTHOOTFIN
Interim Dividend - Rs. - 2.0000‎
NUCENTFI
Interim Dividend - Rs. - 1.2000
ONGC
Interim Dividend - Rs. - 0.7500
PLASTIBLEN
Interim Dividend - Rs. - 5.7500
PLASTIBLEN
Special Dividend - Rs. - 1.2500
PREMEXPL
Interim Dividend - Rs. - 2.0000
SHRPREC
Interim Dividend - Rs. - 1.7000
SINCLAIR
Interim Dividend - Rs. - 4.0000
SIYSIL
Interim Dividend - Rs. - 11.0000
SOLARINDS
Interim Dividend - Rs. - 13.5000
SONATSOFTW
Interim Dividend - Rs. - 5.5000
SPARC
Right Issue of Equity Shares 
TIDEWATER
Bonus issue 1:1
TIDEWATER
Stock  Split From Rs.10/- to Rs.5/-
TORNTPHARM
Interim Dividend - Rs. - 15.0000
ZYDUSWELL
Interim Dividend - Rs. - 6.5000


Today's Global Data


Mar 16: US January Treasury international capital data; 0200 IST

Mar 16: US API weekly statistical bulletin for week ended Mar 11; 0300 IST

Mar 16: UK February Scottish retail sales monitor; 0631 IST

Mar 16: Japan February revised machine tool orders; 1230 IST

Mar 16: UK February monthly unemployment figures; 1600 IST

Mar 16: Eurozone January construction output; 1630 IST

Mar 16: US MBA weekly mortgage applications survey for week ended Mar 11;   1730 IST

Mar 16: Eurozone January construction output; 1630 IST

Mar 16: UK Chancellor Osborne's Budget statement; 1900 IST

Mar 16: US Oct-Dec travel and tourism satellite account; 1900 IST

Mar 16: US February new residential construction permits; 1900 IST

Mar 16: US February consumer price index data; 1900 IST

Mar 16: US February real earnings; 1900 IST

Mar 16: US February industrial production and capacity utilisation data;   1945 IST

Mar 16: US Treasury Secretary Lew to testify to House Appropriations
 subcommittee on Budget; 2030 IST

Mar 16: EIA weekly petroleum status report for week ended Mar 11; 2100 IST

Mar 16: Eurozone February new passenger car registrations

Mar 16: European Central Bank's governing Council non-monetary policy
meeting

Mar 16: UK office for Budget responsibility to publish its economic forecast

Economic Times

Business Standard

Ø  Inflation down in February; raises hope for interest rate cut

Ø  Cairn India seeking higher price to extract more oil

Ø  New policies to attract investments in oil&gas: S&P

Ø  India's trade deficit with China swells to $51.9 billion in 2015

Ø  RIL, Tata Motors among top 10 sustainable firms: Survey

Ø  India Inc's overseas investment up 40% at $3.14 bn

Ø  'No evidence of money laundering by IDBI bankers'



Ø  Rs 4,000-crore USL funds transfer under scanner

Ø  Jindal Power divests 4.12% holding in India Energy Exchange

Ø  Proposal of 25% corporate tax cut will bring transparency: India Ratings

Ø  Wheat, pulses and seasonal fruits maximum hit in hailstorm

Ø  Sebi rule makes Vijay Mallya's board position at Bayer, Sanofi shaky

Ø  Moody's downgrades Adani Abbot Point Terminal

Business Line

Ø  Crompton Greaves’ businessrejig move arrests value erosion

Ø  Delhi HC stays government ban on Pfizer's Corex cough syrup

Ø  Mallya case: ED writes to banks, multiple probe agencies 

Ø  GST will integrate Indian economy, attract FDI: ADB chief 

Ø  Wipro picks up minority stake in US-based Emailage

Mint

Ø  Opec sees lower 2016 demand for its oil, pointing to higher surplus

Ø  Govt may need an extra Rs25,000 cr in risk to fiscal deficit goal

Ø  Rusty Kingfisher jets on tarmac show besieged Vijay Mallya’s fallen empire

Ø  ICICI Bank to raise $750 million via offshore 10-year bonds

Ø  Bankers in two-day marathon meeting to discuss 10 stressed cases

Financial Express                

Ø  Sensex closes 86 points up, Nifty50 settles at 7,539;

Ø  Glenmark gets final FDA nod for migraine headache relief drug

Ø  Morgan Stanley revises India growth estimate for 2016 to 7.5%

Ø  Air India monetising assets to bounce back

Ø  HSBC cautious, underweight on Indian equities



Financial Chronicle

Ø  No rollback of excise on jewellery: Jaitley

Ø  India is the largest three-wheeler industry globally

Ø  Fairfax to acquire 49% in Quantum Advisors

Ø  Core banking facility available at over 20k post offices

Ø  ONGC mulls drilling nine development wells in 2 fields

Market Update

Sgx Nifty +9 pts
‎Dow +15.82 pts ,Nsdq +1.81 pts , S&P -2.55 pts ‎, Bovespa  -771 pts , Ftse +34 pts , Dax +159 pts , Cac +13 pts , Nikkei  -30 pts , now, Crude @ $37.31 brl (+0.13), Brent @ $39.53 brl (-0.86) , Gold @ $1237.10 (-8.00), Silver @ $15.40 (-0.11), Euro @ $1.1098, JPY @ $113.8200, INR @ $67.1050



Today's Corporate Action
15th Mar Ex Date


CENTURYPLY
Interim Dividend - Rs. - 1.0000
CROMPGREAV
Spin Off 
GODREJIND
Interim Dividend - Rs. - 1.7500



Today's Global Data



Mar 15: Japan January revised retail sales data; 1100 IST

Mar 15: Japan January revised industrial production data; 1100 IST

Mar 15: Japan January tertiary industry index; 1100 IST

Mar 15: UK annual consumer price inflation basket of goods and services  review; 1600 IST
‎
Mar 15: Eurozone Oct-Dec employment data; 1630 IST

Mar 15: US Retail Economist/Goldman Sachs chain store sales index for week   ended Mar 12; 1815 IST

Mar 15: US March Empire State manufacturing survey; 1900 IST

Mar 15: US Feb advance monthly sales for retail and food services data; 1900
IST

Mar 15: US February producer price index; 1900 IST

Mar 15: US Johnson Redbook retail sales index for week ended Mar 12; 1915 IST

Mar 15: US March NAHB housing market index; 2030 IST

Mar 15: US January manufacturing and trade-inventories and sales data; 2030
IST

Mar 15: US Treasury Secretary Lew to testify to House Appropriations  subcommittee hearing; 2100 IST

Mar 15: Japan monetary policy meeting decision

Mar 15: US Federal Open Market Committee meeting

CALL OF 11/03/16 FRIDAY

@ 12:27

Buy Wock Pharma ltp 960 

sl 948 

trgt 970/990


ALL TRGT HIT

MADE A HIGH OF 990.50

CALL OF 11/03/16 FRIDAY

@ 12:33

Buy Nifty 7600 CE  at 56 

sl 40

Tgt 82

TRGT HIT

MADE A HIGH OF 88.75

Call of 01/03/16 TUESDAY 

@ 11:00

Positional call

Buy Marico ltp 238 intraday sl 235 
positional sl 230 on closing basis 
trgt 250


TRGT HIT

Economic Times

Business Standard

Ø  Mission clean-up: Banks to pull up loan defaulters

Ø  DBS to buy RBS’ Indian onshore ops for Rs 1k-cr

Ø  Asian economies led by India to be major growth driver: IMF

Ø  Rajan wants global rules of conduct for central banks

Ø  Telecom cos seek service tax levy roll back

Ø  BSE gets in-principle nod for listing; IPO in 6-9 months

Ø  Only 11% investments announced in manufacturing sector recorded: Study

Ø  Sebi clampdown busts over Rs 15K cr worth tax evasion



Ø  Spectrum sale faces delay

Ø  Lagarde lauds India's fiscal policy

Ø  Hope to pass GST, bankruptcy bill this session: Jaitley

Ø  Sebi to encourage listed firms to adopt dividend policies

Ø  Service tax levy on spectrum to increase tariff rates: COAI

Ø  Parliamentary panel on land bill to meet on Monday

Ø  Despite slowdown, China received $126 billion FDI in 2015

Ø  NMDC raises iron ore lump prices; first hike since June 2014

Business Line

Ø  Central banks on watch as economics stumble, markets sway 

Ø  India needs 115 mn non-farm jobs over next decade: President 

Ø  India’s banking sector well capitalised: Lagarde

Ø  British finance minister flags budget cuts 

Ø  Costlier food continues to hurt southern States

Ø  Pharmaceutical sector posts 12% growth in Feb: Report

Mint

Ø  Rajat Gupta released after completing 2-year prison term

Ø  Now, Vijay Mallya faces non-bailable warrant in H’bad court

Ø  RIL arm to invest Rs1,300 crore in Haryana for electronics hub

Ø  Kalanithi Maran drags SpiceJet to court

Ø  No gas pricing freedom for RIL if arbitration continues

Ø  ONGC plans $5 billion investment to develop eastern gas asset

Financial Express                

Ø  Diageo to 'review' Tribunal order, says $40mn paid to Vijay Mallya

Ø  BSE looks to prevent trade reversals in equity derivatives

Ø  Top eight companies add Rs 21,296 cr in market valuation

Ø  Sebi clamps down on wilful defaulters



Financial Chronicle

Ø  Macro-data, Fed meeting on market's radar

Ø  AUM doesn't reflect true picture of mutual funds

Ø  Tata plant to produce 100% flat, higher strength steel

Ø  ETFs are the most simple, transparent of all products

Ø  Marginal growth in hotel revenue per room

Market Update

Sgx Nifty +42 pts
‎Dow +218.18 pts ,Nsdq +86.31 pts , S&P +32.62 pts ‎, Bovespa  +67 pts , Ftse +103 pts , Dax +332 pts , Cac +142 pts , Nikkei  +245 pts , now, Crude @ $38.42 brl (-0.08), Brent @ $40.44 brl (+0.04) , Gold @ $1253.50 (-5.90), Silver @ $15.53 (-0.05), Euro @ $1.1159, JPY @ $113.7500, INR @ $67.0538



Today's Corporate Action
14th Mar Ex Date


COALINDIA
Interim Dividend - Rs. - 27.4000
NAVNETEDUL
Interim Dividend - Rs. - 2.2000
NEYVELILIG
Interim Dividend - Rs. - 0.3000
RAMASTEEL
Bonus issue 4:1
RAMASTEEL
Stock  Split From Rs.10/- to Rs.5/-
SUVEN
Interim Dividend - Rs. - 1.0000
SUVEN
Special Dividend - Rs. - 1.0000




Today's Data Alert


Mar 14: WPI inflation for February, by commerce and industry ministry. 1200 IST

Est -0.20% Vs -0.90%


Mar 14: CPI Combined inflation for February, by CSO. 1730 IST

Est 5.5% Vs 5.69%

Srcs-Cogencis

CALL OF 11/03/16 FRIDAY

@ 12:27

Buy Wock Pharma ltp 960 

sl 948 

trgt 970/990


FIRST TRGT HIT

MADE A HIGH OF 973.85

CALL OF 03/03/2016 THURSDAY

10:36

Buy Lupin ltp 1785 

sl 1760 

trgt 1816 / 1845

ALL TRGT HIT

CALL OF 11/03/16 FRIDAY

@ 01:43

Intraday call 

Buy Tata Motor DVR ltp 251 

sl 249 

trgt 254

TRGT HIT

CALL OF 11/03/16 FRIDAY

@ 12:42

Intraday call 

Buy Tata Motor ltp 347 

sl 344 

trgt 352

TRGT HIT

CALL OF 11/03/16 FRIDAY

@ 10:28

Sell Hexaware ltp 260 

sl 264 

trgt 255

MADE A LOW OF 256

ALMOST TRGT HIT

Book profit by choice or trail sl to 259 in profit

CALL OF 11/03/16 FRIDAY

@ 12:28

Buy HDFC Bank ltp 1025 

sl 1018 

trgt 1032/1036

ALL TRGT HIT

MADE A HIGH OF 1036.80

CALL OF 11/03/16 FRIDAY

@ 12:27

Buy Wock Pharma ltp 960 

sl 948 

trgt 970/990


FIRST TRGT HIT

MADE A HIGH OF 976

Market Update

Sgx Nifty -2 pts
‎Dow -5.23 pts ,Nsdq -12.22 pts , S&P +0.31 pts ‎, Bovespa  +906 pts , Ftse -109 pts , Dax -224 pts , Cac -75 pts , Nikkei  -245 pts , now, Crude @ $38.07 brl (+0.03), Brent @ $40.05 brl (-1.02) , Gold @ $1271.50 (+1.30), Silver @ $15.61 (+0.05), Euro @ $1.1180, JPY @ $113.1900, INR @ $67.0675



Today's Corporate Action
11th Mar Ex Date


None



Today's Data Alert

Mar 11: Index of Industrial Production for January, by CSO. 1730 IST


Today's Global Data


Mar 11: US February treasury statement of receipts and outlays of the govt; 0030 IST

Mar 11: US foreign central bank holdings data; 0300 IST

Mar 11: US money stock measures data; 0300 IST

Mar 11: US Federal Discount Window borrowings data; 0300 IST

Mar 11: Japan Apr-Jun business outlook survey; 0520 IST

Mar 11: Japan February electric power output data; 0730 IST

Mar 11: Germany February Consumer price Index data; 1230 IST

Mar 11: Germany February Wholesale price Index data; 1230 IST

Mar 11: Bank of England Quarterly Inflation Attitudes Survey; 1500 IST

Mar 11: UK January trade data; 1500 IST

Mar 11: US February import and export price indexes data; 1900 IST

Mar 11: Germany January balance of payments data

Economic Times

Business Standard

Ø  Govt strikes gold with traders' protest as imports likely to fall

Ø  Govt to take back R-series oil & gas fields from Essar

Ø  United Spirits plans to sell properties on fast track

Ø  ECB cuts rates, expands asset buying to boost economy 

Ø  US jobless claims hit 5-month low as mkt strengthens

Ø  Govt nod for new gas pricing & exploration policy

Ø  EPFO earns negative return on investment in stocks

Ø  Credit growth may face hurdles due to bottlenecks

Ø  India extends $2 billion credit line to Bangladesh



Ø  IMF may lower global growth outlook soon

Ø  CRISIL downgrades ratings of 8 PSBs

Ø  E-payments earned Indian economy $6 bn from 2011-2015

Ø  India best among EMs; health of PSBs, corporates a worry: IMF

Ø  Reforms aim to unlock $40 billion worth oil and gas output

Ø  Relief for home buyers, Rajya Sabha passes Bill for regulation in real estate sector

Ø  No signs of sharp turnaround in economy in FY17: Crisil

Ø  Oil price could fall by $10 if output freeze fails: DNB Markets

Business Line

Ø   Hero MotoCorp declares interim dividend of Rs. 40 per share

Ø  Drug prices capping only after discussions with industry

Ø  Cabinet approves licence extension for 28 oil & gas fields 

Ø  Domestic car sales tumble 4.21% in February

Ø  $45-billion FDI commitments ‘after launch of Make in India’

Ø  India to commence 100 MW power supply to Bangladesh

Mint

Ø  Govt clears proposal to amend MMDR Act

Ø  ED summons Kingfisher Airlines CFO, IDBI Bank officials

Ø  Undeveloped deep sea gas output to get free market price in future

Ø  Ashok Leyland plans to wrap up 23 of 27 joint ventures

Ø  Sun Pharma recalls 3.8 lakh cartons of osteoporosis drug in US

Ø  Crisil downgrades Jindal Steel due to delays in loan payments

Financial Express                

Ø  SC asks telcos to assure call drops don't exceed 2% limit

Ø  Fitch sees banks' NPA ratio improving to 10.9 per cent by March-end

Ø  Sensex snaps 6-day winning streak, ends 170 points down

Ø  Decks cleared for Jaiprakash Associates, Lafarge sales

Ø  Jewellers’ strike: Govt seeks alternatives to excise duty



Financial Chronicle

Ø  Higher capital infusion positive for PSU banks: Fitch

Ø  Sebi refuses to lift market ban on Transgene, promoters

Ø  BSNL in talks with Airtel for spectrum sharing deal

Ø  Solar capacity set to double to 4 gw this year

Ø  Kingfisher beer company UBL retains Mallya hold

Ø  Concor retail slice subscribed 1.84 times

NIFTY VIEW @ 08:53

Nifty is stuck near 7539..7551 zone.

Cross over this, will show 7640..7680 stiff resistance zone.

Support lies around 7400, break down of 7400 on closing basis can show 7350..7200.

Be cautious on long position

Close above 7551..and maintain next day is important.

NIFTY VIEW @ 09:00

Nifty 50 (7531)

Nifty is showing good momentum and can rise upto 7640..7680 stiff resistance zone today.


Support lies around 7400

Exit all long position around 7640...7680

As it is stiff resistance zone

Closing and next week if maintains above 7600..7700,

we can see 8000..8200

But if faces resistance here we can see a sharp fall..

Business Standard

Ø  Trai to review rules on energy-driven mobile towers

Ø  Reforms in India will be slow, tedious: Morgan Stanley

Ø  Govt to set up panel to review fiscal deficit target

Ø  Saudi seeks $6-8 bn loan to shore up state coffers

Ø  RBI may cut rates by 25 bps before next policy meet: BofA-ML

Ø  BSNL debt at Rs 7,666 cr, MTNL's at Rs 13,529.62 cr

Ø  Bet big in futures, SEBI allows more currency pairs



Ø  Govt agency also wilful defaulter

Ø  Mallya received part of Diageo funds in offshore accounts

Ø  Lupin completes $880 mn Gavis buy out

Ø  Trai extends deadline to submit call drops compliance report

Ø  Reliance Defence gets final clearance for 12 industrial licences

Ø  RBI proposes rationalisation of merchant discount rate

Ø  Unichem gains on USFDA nod for Quetiapine Fumarate tablets

Business Line

Ø  Reliance arm not guilty of insider trading in IPCL: SEBI

Ø  Over 90% FDI inflows came through automatic route in April-Dec: Sitharaman 

Ø  Solar installations in India to double to 4GW in 2016: Mercom Capital

Ø  Mahindra Aerospace to set up operations in UAE 

Ø  Zydus Cadila gets US FDA nod to market Clofarabine Injection 

Ø  Maharashtra FDA to test J&J’s cosmetic powder

Mint

Ø  Rupee erases intraday losses, closes higher against US dollar at 67.22

Ø  Hindustan Unilever settles with Kodaikanal workers affected by mercury factory

Ø  Lenders may sell majority stake in ABG Shipyard

Ø  Crompton Greaves sells overseas power business for $126 mn

Ø  China’s Steel, Aluminum export flood eases amid trade friction

Ø  Govt’s policy soon for large-scale solar equipment manufacturing: Piyush Goyal

Financial Express                

Ø  Sensex rallies for 6th day in a row, closes 135 points up, Nifty settles above 7,530

Ø  Maggi noodle samples found 'sub-standard' in UP, Nestle disagrees

Ø  Container Corporation of India OFS subscribed 1.31 times; 5 things to know

Ø  Maritime sector to create 1 cr jobs in 5 yrs: Nitin Gadkari



Financial Chronicle

Ø  Foreign PE investment in realty rises 33% in 2015

Ø  Govt invests Rs 500 cr a year for research on electronics

Ø  Services, duties remain contentious issues in Indo-Canada FTA

Ø  PFRDA relaxes annuity rules for NPS withdrawal

Ø  Global investors sceptical of India’s fiscal promise