Market Update

Sgx Nifty +7 pts
‎Dow -133.68 pts ,Nsdq -47.86 pts , S&P -20.96 pts ‎, Bovespa +273 pts , Ftse -73 pts , Dax -258 pts  , Cac -94 pts  , Nikkei  -8 pts , now, Crude @ $36.70 brl (+0.83), Brent @ $38.41 brl (+0.54) , Gold @ $1232.40 (+2.90), Silver @ $15.12 (-0.00), Euro @ $1.1382, JPY @ $110.4900, INR @ $66.4625



Today's Corporate Action
6th Apr Ex Date


BLUECLOUDS
Stock  Split From Rs.10/- to Rs.5/-
CENTUM
Interim Dividend - Rs. - 2.0000
COLPAL
Interim Dividend - Rs. - 3.0000
FILTRA
Bonus issue 3:2
HINDZINC
Special Dividend - Rs. - 24.0000
INDNIPPON
Interim Dividend - Rs. - 5.0000
KPIT
Interim Dividend - Rs. - 1.1000
PIXTRANS
Interim Dividend - Rs. - 1.0000
VIVIMEDLAB
Stock  Split From Rs.10/- to Rs.2/-




Today's Data Alert


Apr  6: Nikkei services and composite PMI for March, by Markit Economics.  1030 IST



Today's Global Data


Apr 6: American Petroleum Institute statistical bulletin for the week ended
Mar 31; 0200 IST

Apr 6: UK March shop price index; 0401 IST

Apr 6: Japan March imported vehicle sales data; 0730 IST

Apr 6: Japan February indexes of business conditions; 1030 IST

Apr 6: Germany February industrial production index; 1130 IST

Apr 6: UK March car registrations figures; 1330 IST

Apr 6: Eurozone March retail purchasing managers' index; 1340 IST

Apr 6: UK March narrow money, reserve balances; 1400 IST

Apr 6: US MBA mortgage applications survey for the week ended Apr 1; 1630
IST

Apr 6: International Monetary Fund world economic outlook analytical
chapters;
1900 IST

Apr 6: US February metropolitan area employment and unemployment; 1930 IST

Apr 6: US Energy Information Administration petroleum status report for the  week ended Apr 1; 2000 IST

Apr 6: Federal Reserve Bank of Cleveland President Mester to speak; 2300 IST

Apr 6: Federal Open Market Committee meeting minutes and economic forecast; 2330 IST

Apr 6: European Central Bank Governing Council non-monetary policy meeting

Economic Times

Business Standard

Ø  Panama: Not all accounts illegitimate, says Rajan 

Ø  US trade deficit rises in February to 6-month high

Ø  Naming of all defaulters will kill businesses: Raghuram Rajan

Ø  India serves steel anti-dumping notice on China

Ø  France puts Panama back on tax haven blacklist

Ø  Huge cash infusion biggest takeaway from money policy, almost smelt like QE

Ø  Rel Jio could stump mkt with data tariffs at 0.5p/10 kb



Ø  RBI cuts repo rate by 25 bps to 6.5%, lowest in 6 years

Ø  Pay hike to stoke inflation, push up GDP: RBI report

Ø  Inflation could rise on bad monsoon, currency decline: Moody's

Ø  Allow banks' KYC at mutual funds, Sebi writes to FinMin

Ø  Panama Papers probes opened, China limits access to news on leaks

Ø  Bajaj Group to become UP's biggest private power producer

Ø  Govt releases Rs 25,800-crore food subsidy to FCI

Business Line

Ø  BSE launches data on unemployment, consumer sentiments 

Ø  Govt sacks some foreign-funded health consultants

Ø  NITI Aayog to submit divestment plan for CPSEs this month

Ø  Lupin launches generic insomnia drug in US

Ø  NSE to conduct mock, live trading from disaster recovery site

Ø  ‘Gammon will divest, monetise various assets over two years’

Mint

Ø  Sebi panel backs action against NSE

Ø  RBI rate cuts could reduce lending rates by 75 bps

Ø  Risk of once-in-100-year drought means one more India rate cut

Ø  Rupee falls most in 3 weeks, closes weaker against US dollar at 66.46

Ø  RBI’s Vision 2018 for ‘less cash and more digital’ society on the cards

Financial Express                

Ø  Sensex plunges 516 pt on RBI rate cut, Nifty settles below 7,600

Ø  DoT to seek Cabinet nod to change spectrum norms

Ø  JLR workers warn Mistry against Tata Steel 'fire sale'

Ø  Mallya Case: Diageo PLC files objections against DRT Order

Ø  DRT had barred Vijay Mallya from 

Ø  Bankruptcy Bill likely in coming Parliament session, says FM



Financial Chronicle

Ø  Govt to push for consolidation of public sector banks

Ø  Global recovery 'too weak, too fragile': IMF chief

Ø  Maturity of FCNR deposits not to make Re volatile: RBI

Ø  'No FDI in sectors that can put Indian jobs at peril'

Ø  Ireda, TCCL join hands to devise financing products

BROKERAGE VIEW  CS ON SKS MICROFINANCE: Maintains Outperform, target of ₹610

BROKERAGE VIEW  CS ON SKS MICROFINANCE: Positive as growth/EPS visibility is  amongst highest in sector


BROKERAGE VIEW  CS ON SKS MICROFINANCE: New customer addition & rising ticket  sizes to be key growth drivers

BROKERAGE VIEW  CS ON SKS MICROFINANCE: Cross-sell products are tracking well  with 8-9% earnings contribution

BROKERAGE VIEW  CS ON SKS MICROFINANCE: Lower funding costs will lead to lending rate reduction, already lowest in ind

CALL OF 05/04/16 TUESDAY

@ 02.41

Buy Bank Nifty fut abv 15840 

sl 15770 

trgt 16200

SL HIT

CALL OF 05/04/16 TUESDAY

@ 10:20

Low risk trade sell M&M ltp 1246 

sl 1270 

trgt 1224/1212


Frst trgt hit 

BOOK PROFIT BY CHOICE OR TRAIL SL TO 1236

CALL OF 05/04/16 TUESDAY

@ 01:35

Sell Crude ltp 2356 

sl 2378 

trgt 2330/2320

CALL OF 05/04/16 TUESDAY

@ 09:55

Sell Maruti around 3692

 sl 3704 

trgt 3664

High risk traders can sell here ltp 3684


MADE A LOW OF 3656

TRGT HIT

CALL OF 05/04/16 TUESDAY

@ 10:44

Sell Tata Steel ltp 319 

sl 324 

trgt 312.40

TRGT HIT

CALL OF 05/04/16 TUESDAY

@ 11:12

One can buy bank nifty fut 16185 with

sl 16000

Sl hit

CALL OF 05/04/2016 TUESDAY

@ 09:22

Buy Siemens ltp 1127 

sl 1110

trgt 1140/1160

Sl hit

CALL OF 05/04/16 TUESDAY

@ 10:50

Low risk trade

Buy L & T ltp 1230 

sl 1214 

trgt 1254

Sl hit

CALL OF 05/04/16 TUESDAY

@ 11:14

Buy Nifty fut ltp 7740 

sl 7700 

trgt 7780++

SL HIT

CALL OF 05/04/16 TUESDAY

@ 11:09

Buy Axis Bank ltp 448 

sl 444 

trgt 456

Sl hit

VIEW ON NIFTY BANK @ 09:05

Nifty bank (16190)

Support lies around 16000 above 16300 we can see 16600 ...16900

Today's closing will decide the further trend in market

NIFTY VIEW @ 08:44

Nifty 50 (7758)

Nifty has made a support zone around 7690..7700.

if maintains below this we can see selling pressure which can take it to 7648/7580.
(positional support zone)

Above 7780 it can rise upto 7880/7900/7940


Today being rbi rate cut we can see volatility in market

Market Update

Sgx Nifty -37 pts
‎Dow -55.75 pts ,Nsdq -22.75 pts , S&P -6.65 pts ‎, Bovespa -1780 pts , Ftse +18 pts , Dax +27 pts  , Cac +22 pts  , Nikkei  -142 pts , now, Crude @ $35.43 brl (-0.27), Brent @ $37.45 brl (-0.24) , Gold @ $1216.40 (-2.90), Silver @ $14.94 (-0.00), Euro @ $1.1395, JPY @ $111.0400, INR @ $66.2050



Today's Corporate Action
5th Apr Ex Date


MAYUR
Interim Dividend - Rs. - 0.5000
POLSON
Right Issue of Equity Shares 



Today's Key Result
5th Apr


GM Breweries Limited




Today's Data Alert


Apr  5: First RBI bi-monthly monetary policy statement for 2016-17.




Today's Global Data



Apr 5: Japan March services purchasing managers' index; 0730 IST

Apr 5: Germany February manufacturing orders; 1130 IST

Apr 5: International Monetary Fund Managing Director Lagarde to speak; 1300
IST

Apr 5: Germany March services purchasing managers' index; 1325 IST

Apr 5: Eurozone March services purchasing managers' index; 1330 IST

Apr 5: UK Financial Policy Committee record of latest meeting; 1400 IST

Apr 5: UK March Markit services purchasing managers' index; 1400 IST

Apr 5: UK March official reserves; 1400 IST

Apr 5: European Union February retail trade data; 1430 IST Apr 5: US retail
Economist/Goldman Sachs chain store sales index for the week  ended Apr 1; 1715 IST

Apr 5: US February international trade in goods and services; 1800 IST

Apr 5: US Johnson Redbook retail sales index for the week ended Apr 1; 1825
IST

Apr 5: US March services purchasing managers' index; 1915 IST

Apr 5: US March institute of supply management non-manufacturing report on business; 1930 IST

Apr 5: US April IBD/TIPP economic optimism index; 1930 IST

Apr 5: US February job openings and labor turnover survey; 1930 IST

Apr 5: US March global services purchasing managers' index; 2030 IST

Apr 5: German Chancellor Merkel meets heads of IMF, World Bank, World Trade  Organization, Organisation for Economic Co-operation and Development,  and International Labour Organization in Berlin

Apr 5: Japan February provisional labour survey

Apr 5: European Union quarterly report on the Euro area

Economic Times

Business Standard

Ø  Widespread expectation of RBI rate cut on Tuesday

Ø  Panama: Govt sets up multi-agency probe team 

Ø  Climate change puts trillions of dollars at risk

Ø  'Renewables use could save $750 bn in Mideast, Africa'

Ø  Traders demand revisit of e-commerce FDI policy

Ø  India's February gold imports drop 34%: Report

Ø  Sell Asian currencies before it’s late: Goldman Sachs



Ø  Environmental concerns push demand for electric vehicles

Ø  Pharma market to lose Rs 647 cr from drug price ceiling

Ø  Blackstone to acquire Mphasis; deal size up to $1.1bn

Ø  Tata Steel reviews European operations for buyer of its UK facilities

Ø  Sebi likely to allow trading in weather derivatives

Ø  ArcelorMittal USA to secure up to $1 bn loan facility

Business Line

Ø  Crisil downgrades debt worth Rs. 3.8 lakh crore for FY'16

Ø  Modi asks Saudis to invest in power, defence; says GST about to happen

Ø  Fitch downgrades JSW Steel with negative outlook

Ø  HUL completes sale of its ‘Modern Bakery’ brand

Ø  Manufacturing growth hits 8-month high in March: PMI

Ø  Equitas Holdings mops up Rs. 652 cr from anchor investors

Mint

Ø  Adani considering to buy local SunEdison assets: report

Ø  Japan’s NTT Data buys Dell unit for $3.06 billion

Ø  Micro, small and medium industries worst hit in credit slowdown

Ø  Bankers to reject Vijay Mallya’s settlement offer

Ø  Govt calls for bids to review relevance of trade regulator DGFT

Ø  NTPC promises to meet West Bengal power demand

Financial Express                

Ø  Petrol price hiked by Rs 2.19 a litre, diesel by 98 paise per litre

Ø  Sensex rallies 130 points ahead of RBI monetary policy

Ø  Private sector investment to show improvement: FM Arun Jaitley

Ø  FM wants focus on irrigation projects for immediate results

Ø  Coal scam: Rungtas get 4 yrs jail, to pay Rs 5 lakh fine each



Financial Chronicle

Ø  Govt sets up multi-agency probe team on money stashed abroad

Ø  FM pitches for interest rate cut ahead of RBI policy

Ø  GDP growth to remain flat at 7.4% in FY17: HSBC

Ø  MF disclosure: investors will get more info

Ø  Finmin lines up 16 PSUs for disinvestments

CALL OF 04/04/2016 MONDAY

@ 09:41

Sell Andhra Bank ltp 55.70 

sl 56.20 

trgt 55

Sl hit

CALL OF 04/04/2016 MONDAY

@ 12:13

Buy L&T ltp 1238 

sl 1230 

trgt 1254

Sl hit

CALL OF 04/04/2016 MONDAY

@ 10:39

Intraday call 

Buy Rel Capital ltp 391 

sl 388 

trgt 398

SL HIT

CALL OF 04/04/2016 MONDAY

@ 12:13

Buy Nifty ltp 7755 

sl 7738 

trgt 7780

SL HIT

NIFTY VIEW @ 09:10

Nifty 50 (7713)

Last week nifty rose upto 7777 and have raised its positional support from 7400 to 7580 for a target of 7880..7940.


If 7580 breaks on closing basis we can see selling.

Market Update

Sgx Nifty +28 pts
‎Dow +107.66 pts ,Nsdq +44.69 pts , S&P +13.04 pts ‎, Bovespa +506 pts , Ftse -28 pts , Dax -170 pts  , Cac -62 pts  , Nikkei  -22 pts , now, Crude @ $38.38 brl (-0.41), Brent @ $38.37 brl (-0.30) , Gold @ $1221.70 (-1.80), Silver @ $15.01 (-0.04), Euro @ $1.1401, JPY @ $111.6400, INR @ $66.2475



Today's Corporate Action
4th Apr Ex Date


None



Today's Data Alert



Apr  4: Nikkei services and composite PMI for March, by Markit Economics.

Apr  4: Voting for 1st phase of elections to Assam assembly.

Apr  4: First leg of voting for 1st phase of elections to West Bengal assembly.

Economic Times

Business Standard

Ø  Trai paper to soon promote Wi-Fi in public places

Ø  World's largest oil firm Aramco to invest in India

Ø  Sanjeev Gupta keen on acquiring Tata Steel's plants

Ø  CIL's arm MCL produces record 138 MT in FY16

Ø  Essar Oil turns around loss-making Stanlow refinery

Ø  India imports 10,000 t soyameal due to high domestic prices

Ø  Punj Lloyd plans to scale back global biz: Chairman



Ø  Banks knock on courts' doors to recover Rs 1.86 lakh crore

Ø  Govt may impose anti-dumping duty on drilling pipes from China

Ø  IT dept launches tax calculator; e-filing of few ITRs begins

Ø  Sebi, exchanges beef up surveillance; debars 1,350 entities

Ø  Adani wins Queensland approval for Australian coal project

Ø  India Ratings cuts ratings for Renuka Sugar's loans, debentures

Business Line

Ø  PSUs may be asked to go for share buybacks, listing this fiscal 

Ø  UK’s public sector urged to buy locally to end steel crisis 

Ø  Essar Oil UK turns around Stanlow Refinery 

Ø  States in a quandary over new wages for rural job scheme 

Ø  Invest in India’s defence, energy business, Modi invites Saudis 

Mint

Ø  Cairn Energy asks government to walk the talk on retro tax

Ø  Greece demands IMF explanation over leaked debt transcript

Ø  ITC to keep cigarette factories shut over health warning rules

Ø  Reliance Industries launches online fashion portal Ajio.com

Ø  Debt-heavy Jaypee Group says still able to service loans

Financial Express                

Ø  World's largest oil firm Aramco looks to India as its 'No 1 target for investment'

Ø  Expectations high for up to 0.50% rate cut by RBI

Ø  'UK steelworkers' pensions could be cut under Tata plan

Ø  Govt to invite proposals from PSUs for allotting 16 coal mines

Ø  Indian Railways aims at 1 lakh meal order online per day

Ø  M-cap: Top 7 co's witness erosion of Rs 32,188 cr



Financial Chronicle

Ø  GST about to happen; retro tax thing of past: Modi

Ø  Sugar prices set to remain under pressure despite low production

Ø  MF disclosure: investors will get more info

Ø  Dore imports likely to increase by 45%

Ø  NPA is less of a matter of debtors turning defaulters

Market Update

Sgx Nifty +7 pts
‎Dow -31.57 pts ,Nsdq +0.55 pts , S&P -4.21 pts ‎, Bovespa -1190 pts , Ftse -28 pts , Dax -81 pts  , Cac -59 pts  , Nikkei  +149 pts , now, Crude @ $38.25 brl (-0.09), Brent @ $39.60 brl (+0.34) , Gold @ $1233.20 (-2.40), Silver @ $15.44 (-0.02), Euro @ $1.1344, JPY @ $112.3300, INR @ $66.2475



Today's Corporate Action
1st Apr Ex Date


None


Today's Data Alert


1) Apr  1: Nikkei Manufacturing PMI for March, by Markit Economics. 1030 IST

‎2)Monthly Vehicle Sales For Month March


Today's Global Data


Apr 1: US federal discount window borrowings; 0200 IST

Apr 1: US foreign central bank holdings; 0200 IST

Apr 1: US money stock measures; 0200 IST

Apr 1: Japan Jan-Mar Tankan survey of enterprises; 0520 IST

Apr 1: Japan March manufacturing purchasing managers' index; 0730 IST

Apr 1: Japan March auto sales; 1030 IST

Apr 1: UK March Nationwide house price index; 1130 IST

Apr 1: Germany March manufacturing purchasing managers' index; 1325 IST

Apr 1: European Union March manufacturing purchasing managers' index; 1330
IST

Apr 1: UK March CIPS/Markit manufacturing purchasing managers' index; 1400
IST

Apr 1: US March employment report; 1800 IST

Apr 1: US March manufacturing purchasing managers' index; 1915 IST

Apr 1: US March University of Michigan consumer survey - final; 1930 IST

Apr 1: US February construction spending; 1930 IST

Apr 1: US March ISM manufacturing report on business; 1930 IST

Tata Steel plans to sell loss-making UK plants

India's Tata Steel plans to sell its loss-making UK business, putting the jobs of thousands of workers at risk.

Union leaders travelled to Mumbai in a bid to persuade Tata to keep making steel at plants including Port Talbot. The UK and Welsh governments said they were working "tirelessly" to ensure the future of the British steel industry.

Tata's restructuring decision, which was announced after a board meeting in Mumbai on Tuesday, will also affect workers at its other UK plants including Rotherham, Corby and Shotton.

Tata said trading conditions had "rapidly deteriorated" in the UK and Europe due to a global oversupply of steel, imports into Europe, high costs and currency volatility. "These factors are likely to continue into the future and have significantly impacted the long-term competitive position of the UK operation," it said. That means finding a buyer for the whole business may not be easy.

Economic Times

Business Standard

Ø  'Foreign banks fare better in customer satisfaction'

Ø  RBI's new formula brings lower lending rates

Ø  RBI notifies 49% FDI for insurance on auto route

Ø  FPIs take out Rs 18k cr from Indian mkt in FY16

Ø  85% pictorial warning on tobacco in force from Apr 1

Ø  UK doing everything to help steel industry: Cameron 

Ø  Jaypee Group sells cement plants to Ultratech for Rs 15,900 cr 

Ø  Above normal temperature this summer: IMD



Ø  February core sector growth hits 13-month high of 5.7%

Ø  India's April-Feb fiscal deficit at $86.5 billion: Govt

Ø  India's external debt $480 bn at Dec-end, up 4.7% y-o-y

Ø  Mah govt increases ready recknor rates by 7% from April 1

Ø  L&T Construction wins contracts worth Rs 2,271 crore

Ø  Suzlon Gr bags order to develop 197.40 MW wind power proj

Ø  Japan extends Rs 14,251 cr loan for key infra projects

Business Line

Ø  Inflation hits poor the most, RBI must listen to them: Subbarao

Ø  Dr Reddy’s, Japan’s Eisai in licensing pact for anti-cancer agent

Ø  Coal case: Court to pronounce jail term of Rungtas on April 4

Ø  SBI pegs MCLR for one year at 9.2%

Ø  IT cos may seek higher life cover for overseas staff

Mint

Ø  Buying by domestic investors at record high in fiscal 2016

Ø  SC extends ban on sale of large diesel cars in New Delhi

Ø  SBI announces new lending rate structure

Ø  Burned by Corus, Tata Steel seeks solace in prospects back home

Ø  The $2.6 billion buying binge that felled SunEdison

Financial Express                

Ø  Sensex ends flat in choppy trade on March F&O expiry, Nifty settles at 7,738

Ø  Natural gas prices cut by 20%; CNG, cooking gas to cost less

Ø  RBI to cut repo rate by 25 bps on April 5: Morgan Stanley

Ø  Reliance Defence, Ukraine's Antonov plan JV for aircraft



Financial Chronicle

Ø  Interest rates on PPF, other savings to be lower from today

Ø  China-led AIIB eyes first loans to India

Ø  Aurobindo gets final USFDA nod for gastro reflux drug

Ø  Indian Bank raises Rs 500 cr via tier-I bonds

Ø  India, EU fail to make headway on FTA talks

Economic Times

Business Standard

Ø  Rel Jio is world’s largest startup: Mukesh Ambani

Ø  Cos with over Rs 500 cr net-worth under new Ind AS

Ø  Credit growth in Indian banks Slows down, says RBI

Ø  RBI allows infra firms to borrow overseas for short tenor

Ø  Fed's Evans sees high hurdle to April rate hike

Ø  Exiting UK operations a logical way of de-risking businesses: Tata Steel

Ø  India, WB sign $1.5 bn loan pact for Swachh Bharat Mission



Ø  Banks may not buy Mallya's settlement offer by September

Ø  RBI's take on liquidity most important in the policy: Economists

Ø  Cameron likely to hold emergency meet on Tata Steel UK business

Ø  ONGC has found hydrocarbon deposit in Mizoram

Ø  Suzlon bags 48.30 Mw wind power project from Indian Oil Corp

Ø  Kalyani eyes tie-up with Italian firm for making small arms

Ø  Adani Group enters defence sector with statement of intent

Business Line

Ø   Small savings interest cut is ‘double taxation’: panel

Ø  Europe exit will help Tata Steel pare debt, trim losses

Ø  India-Australia joint research projects get $5.6 mn funding boost 

Ø  MOPE acquires 4.1% stake in Indian Energy Exchange

Ø  Special dividend for Hind Zinc shareholders

Ø  ‘Start-ups are not a bubble, they are a necessity’

Mint

Ø  RBI gives loan defaulters’ list to Supreme Court, seeks secrecy

Ø  UTI AMC continues to push for IPO; plans to offload 26% stake

Ø  Govt extends import taxes on some steel products till March’18

Ø  Kandla Port poised to reach three-figure mark in cargo handling

Ø  Tata Motors’ defence business bets its future on FICV

Ø  United Bank of India to raise Rs480 crore from govt via preferential allotment

Financial Express                

Ø  Sensex ends 438 points up on buying in metal, realty shares; Nifty settles at 7,735

Ø  Bharti Airtel's low-cost strategy unsustainable: BMI

Ø  Gas prices to dip 17 per cent to $3.15

Ø  Govt proposes strict penalty, jail term for ponzi operators

Ø  Vijay Mallya offers to pay Rs 4,000 cr to settle case



Financial Chronicle

Ø  ADB cuts India's growth forecast to 7.4% for 2016-17

Ø  RIL invests over Rs 1.5L cr in telecom, internet venture

Ø  Nestle dragged to court in UP over 'sub-standard' Maggi

Ø  Swavalamban subscribers can switch to APY: PFRDA

Ø  Sun Pharma shares gain 2%; m-cap up by Rs 4,238 cr

Market Update

Sgx Nifty +13 pts
‎Dow +83.55 pts ,Nsdq +22.67 pts , S&P +8.94 pts ‎, Bovespa +93 pts , Ftse +97 pts , Dax +158 pts  , Cac +77 pts  , Nikkei  +149 pts , now, Crude @ $38.06 brl (-0.26), Brent @ $39.26 brl (+0.12) , Gold @ $1228.80 (+0.20), Silver @ $15.25 (+0.03), Euro @ $1.1335, JPY @ $112.3600, INR @ $66.3850



Today's Corporate Action
31st Mar Ex Date


None


Today's Data Alert


Mar 31: Government finances for Apr-Feb, by CGA.

Mar 31: CPI for industrial workers for February, by Labour Bureau.

Mar 31: Core sector growth for February, by commerce and industry ministry




Today's Global Data



Mar 31: US March agricultural prices; 0030 IST

Mar 31: UK March consumer confidence survey; 0435 IST

Mar 31: Japan February preliminary report on petroleum statistics; 1000 IST

Mar 31: Japan February construction orders; 1030 IST

Mar 31: Japan February housing starts; 1030 IST

Mar 31: Germany February retail trade; 1130 IST

Mar 31: Japan Financial Stability Board briefing with G-20 Financial
Stability  Board Chairman Carney; 1230 IST

Mar 31: European Union March EuroCOIN indicator of economic activity; 1300
IST

Mar 31: Germany March labour market statistics; 1330 IST

Mar 31: UK Oct-Dec national accounts; 1400 IST

Mar 31: UK Oct-Dec revised business investment results; 1400 IST
‎
Mar 31: UK January service sector figures; 1400 IST

Mar 31: UK Oct-Dec balance of payments; 1400 IST

Mar 31: Bank of England February effective interest rates; 1400 IST

Mar 31: UK February monetary, financial statistics; 1400 IST

Mar 31: UK February lending to individuals, businesses, broad money and credit; 1400 IST

Mar 31: European Union March inflation flash estimate; 1430 IST

Mar 31: US March Challenger job-cut report; 1700 IST

Mar 31: US unemployment insurance initial claims for week ended Mar 26; 1800
IST

Mar 31: US weekly export sales; 1800 IST

Mar 31: US Oct-Dec international investment position; 1800 IST

Mar 31: US Federal Reserve Bank of Chicago President Evans to speak; 1900
IST

Mar 31: US March ISM-Chicago business survey; 1915 IST

Mar 31: US EIA natural gas storage report for week ended Mar 25; 2000 IST

NIFTY VIEW @ 09:13

Nifty 50 (7615)

If Nifty maintains below 7580 we can see selling which can take it to 7518/7480

7580..7600 is a strong support zone 

Good bounce can be seen today to 7644/7680/7708

Yesterday did not break 7580, the low was 7582. if breaks today we can see 7518/7480 levels.

And if maintains above 7660 we can see  7644/7680/7708 zone ..

NIFTY VIEW @ 09:26

Nifty 50 (7615)

If Nifty maintains below 7580 we can see selling which can take it to 7518/7480

7580..7600 is a strong support zone 

Good bounce can be seen today to 7644/7680/7708

Market Update

Sgx Nifty -3 pts
‎Dow +19.66 pts ,Nsdq -6.72 pts , S&P +1.11 pts ‎, Bovine  +1180 pts , Ftse Clsd , Dax Clsd , Cac Clsd , Nikkei  -105 pts , now, Crude @ $39.34 brl (-0.05), Brent @ $40.24 brl (-0.03) , Gold @ $1233.40 (+1.40), Silver @ $15.23 (+0.04), Euro @ $1.1200, JPY @ $113.3000, INR @ $66.5700



Today's Corporate Action
29th Mar Ex Date


BALAJITELE
Interim Dividend - Rs. - 0.8000
BALAJITELE
Special Dividend - Rs. - 0.4000
ORICON
Interim Dividend - Rs. - 0.5000
POWERMECH
Interim Dividend - Rs. - 1.0000
RADIXIND
Interim Dividend - Rs. - 1.0000
RAJESHEXPO
Interim Dividend - Rs. - 0.9000




Today's Global Data


Mar 29: UK CBI, PwC financial services survey; 0421 IST

Mar 29: Japan February labour force survey; 0500 IST

Mar 29: Japan February household spending; 0500 IST

Mar 29: Japan February preliminary retail sales; 0520 IST

Mar 29: European Union February monetary developments; 1330 IST

Mar 29: UK Financial Policy Committee press statement; 1530 IST


Mar 29: US The Retail Economist/Goldman Sachs chain store sales index for
week    ended Mar 26; 1715 IST
‎
Mar 29: US Johnson Redbook retail sales index for week ended Mar 26; 1825
IST

Mar 29: US January S&P/Case-Shiller home price index; 1830 IST

Mar 29: US March  consumer confidence index; 1930 IST

Mar 29: US Federal Reserve Chair Yellen to speak at Economic Club of New York;  2100 IST

Economic Times

Business Standard
Ø  Global financial safety net fails many emerging markets: IMF
Ø  Disney in talks with DLF brands for India retail foray
Ø  Govt, RBI taking tough action to recover dues: PM
Ø  ONGC bets $5 billion on east coast assets
Ø  Rajan for guidelines on monetary policy behaviour
Ø  Govt reconstitutes Board of Trade, first meet on Apr 6
Ø  Tata Sons to hold 49% stake in AirAsia India

Ø  Pay dues honourably or face coercive action: FM to Mallya
Ø  Prem Watsa picks up GVK's 33% stake in Bengaluru airport for Rs 2,149 cr
Ø  Govt to infuse Rs 5,050 crore in PSU banks
Ø  Lloyd's India syndicates to retain minimum reinsurance business: IRDAI
Ø  BSE to suspend trading in 31 companies effective March 31
Ø  Dr Reddy's inks Rs 3,266-cr pact with XenoPort
Business Line
Ø   3-year insurance after job cessation on cards for EPFO members 
Ø  Weak economy spurs demand for low-priced coffees 
Ø  JetLite merger: Jet to seek shareholders’ nod on April 22
Ø  ADB, USAID join hands to support India's clean energy expansion plan
Ø  Steel Strips bags €15-mn order from PSA Peugeot Citroen 
Ø  ARSS Infra Proj wins Rs. 109 cr contract in Odisha 
Mint
Ø  LIC increases stake in IDBI Bank to 14.37%
Ø  Coal scam: JIPL and its directors convicted of criminal conspiracy and cheating
Ø  Tata Power SED targets nearly Rs7 trillion in defence opportunities, says CEO
Ø  Biocon’s insulin glargine gets Japanese approval
Ø  Dell sells IT services unit to Japan’s NTT Data for $3 billion
Ø  Regulator defers decision on importing genetically modified animal feed
Financial Express                
Ø  Sensex plunges 371 points on profit booking, Nifty settles at 7,615; Metal stocks tumble
Ø  'Inflation seen at 5 pct in March; RBI to cut rates by 25 bps'
Ø  India internet speed lowest at 2.8 mbps, Korea tops at 26.7 mbps
Ø  State govts likely to run wider fiscal deficit in FY17: HSBC

Financial Chronicle
Ø  Grading of monetary policies needed: RBI paper
Ø  Fertiliser subsidy may come down by Rs 10k cr in FY17
Ø  Jewellery demand set to go down by 40-50 tonnes
Ø  Subsidy scheme to rescue shipbuilding firms
Ø  Earnings season may define FPI enthusiasm for India