Market Update

Sgx Nifty +64 pts (7984)Nifty Fut Mon(7920)
‎Dow +49.44 pts ,Nsdq -19.68 pts , S&P +6.46 pts ‎, Bovespa +815 pts , Ftse +51 pts , Dax +229 pts  , Cac +59 pts  , Nikkei  +163 pts , now, Crude @ $40.45 brl (-0.63), Brent @ $43.99 brl (+1.08) , Gold @ $1252.00 (-2.30), Silver @ $16.97 (-0.00), Euro @ $1.1360, JPY @ $109.2200, INR @ $66.5525



Today's Corporate Action
20th Apr Ex Date

None


Today's Key Results
20th Apr


Wipro( Cog Cons Est Net 2363cr + 4% Yoy Time - Before Mkt)
Supreme Petro,Vst Inds



Today's Global Data


Apr 20: US API statistical bulletin for week ended Apr 15; 0200 IST

Apr 20: Japan March provisional trade data; 0520 IST

Apr 20: Japan March steel production data; 1030 IST

Apr 20: Japan March revised machine tool orders data; 1130 IST

Apr 20: Germany March producer price index; 1130 IST

Apr 20: UK March unemployment data; 1400 IST

Apr 20: European Central Bank President Draghi to speak; 1530 IST

Apr 20: US MBA mortgage applications survey for week ended Apr 15; 1630 IST

Apr 20: US March existing home sales data; 1930 IST

Apr 20: US EIA petroleum status report for week ended Apr 15; 2000 IST

Economic Times

Business Standard

Ø  IMF, World Bank, UN, OECD form group to build effective tax system, stop erosion

Ø  Govt rolls back restrictions on withdrawal of PF 

Ø  Funds investing in US stocks outperform the Nifty easily 

Ø  HDFC announces IPO for HDFC Standard Life

Ø  Anil Ambani chasing billion-$ defence kitty 

Ø  Sovereign wealth funds global assets surpass $6.5 tr

Ø  'Corporate debt worth $178 billion at default risk'



Ø  RBI will continue to intervene in currency market, says Rajan

Ø  Agriculture in stress, manufacturing holds promise: FM

Ø  Hiking steel prices not enough for SAIL's turnaround: Report

Ø  Suzlon acquires five firms to execute renewable energy projects

Ø  IRDAI to allow foreign reinsurers to open branches soon

Ø  Tatas defer Tata Tele share conversion by a year

Ø  RBI will lift ban on cash credit limit soon, claims Badal

Business Line

Ø   ArcelorMittal’s over $3 b bond buyback gets lukewarm response

Ø  Malta govt survives ‘Panama Papers’ no confidence vote

Ø  HPCL plans $3.8 bn refinery investment to lift capacity by 2/3

Ø  Recovery in business confidence continues for 2nd qtr: D&B 

Ø  Religare to divest stake in its US-based investment firms

Ø  Govt working on Katoch panel proposals to reduce bulk drug imports

Mint

Ø  US, EU, Japan question India’s policy tweaks to restrict imports

Ø  TCS lags industry estimates with 11.9% revenue growth in FY16

Ø  Indian economy can grow at 8-8.5% in FY17, says Arun Jaitley

Ø  Greybull Capital considers bid for Tata Steel’s specialty arm

Ø  Cotton jumps as India supply falls, traders reassess China sales

Ø  ED raids Sequoia Capital’s Bengaluru offices

Ø  NTPC violating green norms for transport of coal, says panel

Financial Express                

Ø  Air India flies into operating profit first time since merger

Ø  BSNL customers can now retrieve 30 yr old deleted mails

Ø  India adds 3,000 mw solar capacity in FY16, beats 2,000 mw target

Ø  Bankruptcy law will help develop bond mkt: RBI

Ø  After Japan, China also wooing India for high-speed rail



Financial Chronicle

Ø  RBI watching inflation, monsoon to decide interest rate

Ø  India Inc on M&A spree: March deal tally at $5.4 billion

Ø  Indian cos focus more on digital investments globally

Ø  Kotak MF SIP grows four-fold, set to grab 5% mkt share

Ø  Depositories to get mandate to distribute cash benefits

Ø  Inox Wind bags 100 mw order for Gujarat, MP

Mindtree Q4: 

Cons Net Profit At Rs 156 Cr Vs CNBC-TV18 Poll Of Rs 135 Cr

TCS Q4:  

Net Profit Rs 6,341 Cr Vs CNBC-TV18 Poll Of Rs 6,240 Cr

Total Income Rs 28,448 Cr Vs Rs 23,764 Cr (QoQ)

CALL OF 13/04/2016 WEDNESDAY

@ 10:36

Buy HDFC ltp 1116 

sl 1090

trgt 1132/1148

FIRST TRGT HIT

LIC Hsg Fin Q4:

Net Profit At Rs.448 Cr Vs Rs.378.2 Cr (YoY)

NII At Rs.822 Cr  Vs CNBC-TV18 Poll Of Rs.840 Cr

CALL OF 18/04/2016 MONDAY

@ 09:19

Buy Divislab ltp 1029 

sl 998 

trgt 1064

Made high of 1050

CALL OF 18/04/2016 MONDAY

@ 12:45

Buy Nifty ltp 7896 

sl 7870 

trgt 7940

VIEW IN NIFTY BANK

@ 08:58

Weekly view 18-22 Apr

Nifty bank (16278)

Nifty bank too is heading towards 16800 levels if maintains above 16300..

Support zone lies around 15700..

NIFTY VIEW @ 08:54

Weekly View 18 -22 April

Nifty 50 (7850)

Nifty has made a good reversal pattern and is heading towards 7925.. 7946..8040..8280 levels.


Today if it maintains above 7880 we can again see a good rally to the above resistance levels. 

If nifty maintains below 7880 on closing basis it can again show some cooling down to the support levels 7740...7540..

Market Update

Sgx Nifty +30 pts (7897)Nifty Fut Wed(7867)
‎Dow -28.97 pts ,Nsdq -7.67 pts , S&P -2.05 pts ‎, Bovespa +816 pts , Ftse -21 pts , Dax -42 pts  , Cac -16 pts  , Nikkei  -552 pts , now, Crude @ $38.18 brl (-2.16), Brent @ $40.82 brl (-2.28) , Gold @ $1237.70 (+3.10), Silver @ $16.25 (-0.04), Euro @ $1.1296, JPY @ $108.0500, INR @ $66.6450



Today's Corporate Action
18th Apr Ex Date

None


Today's Key Results
18th Apr

TCS(Cog Cons Est Net 6305cr +70% Yoy Time- After Mkt) 
Lic Housing,Mind Tree,Tatia Global

INDIA News

Economic Times
·         After Zomato, Snapdeal, Grofers, more startups brace for second round of layoffs
·         RBI's foreign reserves have more than tripled
·         'India ahead among EMs in recognising bad loans'
·         Maruti gears up for another year of double-digit growth
·         Agricultural sector may see drastic improvements from normal monsoon, say experts
·         Moving IPL matches out won't help farmers, GM crops will
·         Bank loans not sole cause for farm distress, says SBI chief Arundhati Bhattacharya
·         Heat waves to result in record sales for ACs, softdrinks & ice creams
·         Flipkart eyes on becoming India’s largest furniture retailer by year end
·         Fighting Chinese onslaught: Government plans to set up bulk drugs manufacturing hubs
·         Haryana to go kerosene free from next year: Manohar Lal Khattar
·         Honda all set to challenge Creta, Duster with upcoming BR-V
·         Companies line up IPOs worth Rs 15,000 crore
·         FPIs stay glued to India, bring in $1 bn in April
·         PC Jeweller seeks shareholders nod to raise Rs 427 crore

Business Line
·         Hinduja Group closing in on acquisition in solar energy space
·         BPCL sees growing foreign interest
·         US brewery firm paid Vijay Mallya Rs. 1.7 cr compensation last year
·         Dhanuka pins hopes on second ‘Green Revolution’
·         ITC to resume cigarette production amid health warning row
·         Century Plyboards plans to set up ₹440 cr manufacturing unit in Punjab
·         Yamaha Motor India eyes 10% market share in scooters by Dec
·         Suzlon redeems FCCBs of $ 28.8 million
·         Top-level rejig at Star India
·         Gayatri Projects plans to restructure road assets
·         Indian economy like ‘one-eyed’ king in land of blind: Rajan
·         Providing road, rail connectivity to ports will be our focus’ Gadkari
·         Hybrid wheat on Syngenta’s pipeline for Indian market
·         Petrol price cut by 74 paise, diesel by Rs. 1.30
·         Second phase of odd-even scheme rolls out in Delhi
·         India’s growth spillover unlikely outside South Asia: IMF
·         Govt to cancel approvals to 5 SEZs in West Bengal
·         Spinning industry seeks end to anti-dumping duty on VSF

Mint
·         Faster GDP growth seen this fiscal
·         Government reforms, favourable monsoon forecast can push economic growth rate to 7.75%, says economic affairs secretary Shaktikanta Das
·         Sandal-hit VW global sales off 0.2% in March
·         100% FDI in e-commerce not a good idea: Poll
·         TCS to appeal against verdict in intellectual property rights
·         Japan auto, electronics manufacturing face disruption due to quake damage
·         Essar Oil plans to open 400 petrol pumps in the UK in three years
·         I have 100% backing of the Infosys board, says Vishal Sikka
·         Mutual fund T Rowe Price cuts its Flipkart stake value by 15%

Business Standard
·         Mallya's group denies he diverted loan money to buy property abroad
·         CIL focuses on volume growth, pithead stocks concern remains
·         Coal supply via MoUs to continue till Jun 30
·         SRK's Fan collects Rs 19 crore on opening day
·         The Jungle Book earns Rs 82 crore in first week
·         Nalco sets higher bauxite, alumina output targets for FY17
·         Jaitley seeks reform in IMF, World Bank
·         NITI Aayog takes steps to foster cooperative federalism
·         NTPC's captive mining in the slow lane
·         Bharat beats India in household consumption, beats slowdown

CALL OF 13/04/2016 WEDNESDAY

@ 10:17

Buy Ceat ltp 1146 

sl 1138 

trgt 1157 /1202

SL HIT

CALL OF 13/04/2016 WEDNESDAY

@ 12:54

Buy Reliance capital ltp 396 

sl 282 

trgt 420

CALL OF 13/04/2016 WEDNESDAY

@ 10:36

Buy HDFC ltp 1116 

sl 1100 

trgt 1132/1148

CALL OF 13/04/2016 WEDNESDAY

@ 10:17

Buy Ceat ltp 1146 

sl 1138 

trgt 1157 /1202

CALL OF 12/04/2016 TUESDAY

@ 03:24

Btst call

Century Textiles ltp 609 

sl 605 

trgt 620

TRGT HIT

NIFTY VIEW @ 09:40

Nifty has opened above its resistance zone.

Can show good move, if closes above 7780.

CALL OF 06/04/2016 WEDNESDAY

@ 09:51

Buy L& T Fh @ 71.40 

sl 69 

trgt 75

TRGT HIT

CALL OF 12/04/2016 TUESDAY

@ 03:01

Btst call

Buy Wock pharma ltp 1031 

sl 1018 

trgt 1047

TRGT HIT

CALL OF 12/04/2016 TUESDAY

@ 12:19

Buy Tata Motors ltp 391 

sl 386 

trgt 401

TRGT HIT

CALL OF 12/04/2016 TUESDAY

@ 09:47

Buy Bhel ltp 127 

sl 126

Intraday trgt 129

trgt hit

MARKET UPDATE

SGX Nifty +47 pts (7777) from last trade 7730 , 

Nikkei +291 pts , Hangseng +235 pts , NOW @6.53am , 

‎Dow +164.84 pts ,Nsdq +38.69 pts , S&P +19.73 pts ‎, Bovespa +1840 pts , Ftse +42 pts , Dax +78 pts  , Cac +33 pts  , Crude @ $41.71 brl (-0.47), Brent @ $44.69 brl (+1.86) , Gold @ $1256.20 (-4.70), Silver @ $16.16 (-0.06), Euro @ $1.1387, JPY @ $108.6300, INR @ $66.4263



Infy:+0.17%,         Wit:+0.89%
Ttm:+2.13%,        Rdy:+1.63%
Hdb:+1.49%,         Ibn:+5.66% 
SBID:+0.10%,     RIGD:+0.44%



Today's Corporate Action
13th Apr Ex Date


ABB
Dividend - Rs. - 3.7000
FAGBEARING
Dividend - Rs. - 10.0000
SANOFI
Final Dividend - Rs. - 25.0000
SANOFI
Special Dividend - Rs. - 22.0000

Economic Times

Business Standard
Ø  India's growth fastest: IMF
Ø  Global growth pegged lower @ 3.2%
Ø  Do not tread protectionist path: IMF to US
Ø  'Monsoon, inflation, industry shine together'
Ø  Wipro board to consider proposal to buy back shares
Ø  China keen to invest in India's high-speed rail sector
Ø  Ind-AS to raise June quarter tax liabilities by 20%
Ø  India is a preferred bet in Asia in medium term: Christopher Chen

Ø  At 106% rainfall, IMD predicts above-normal monsoon in 2016
Ø  March CPI eases to six-month low of 4.83%; Feb IIP rebounds to 2%
Ø  IMF says 'very real' Brexit risk could deal blow to world economy
Ø  Exit offers exempt from contra trade restrictions, says Sebi
Ø  Liquidity situation recovers as government starts spending
Ø  Iron ore imports tank 63% in FY16 to 5.6 mt
Ø  Break in Greek reform talks ahead of IMF meet: Minister
Business Line
Ø  ‘Brexit, US elections are big risks in Q2’
Ø  India, US logistics support pact to be finalised by June
Ø  Jewellers submit proposal on excise to govt
Ø  RBI restricts FII buying in JKumar, Inox Leisure
Ø  Shilpa Medicare gets recognition from Japan 
Ø  Dr Reddy’s buyback opens on Monday, offers a maximum of Rs. 3,500/share 
Mint
Ø  RBI opposes disclosure of defaulter’s information
Ø  Critical phase of reforms on now, says Arun Jaitley
Ø  Weakest deposit growth since 1963 means higher rates for India
Ø  Raghuram Rajan builds record reserves to strengthen Asia’s worst currency
Ø  Lanco Infratech looking for strategic partner in power projects
Ø  Indian bankers said to be wary of solar as SunEdison totters
Financial Express                
Ø  Sensex rallies 123 points on hopes of good monsoon,
Ø  Japanese consortiums bid for GAIL's $7 bn tender
Ø  Vijaya Bank cuts term deposit interest rates by 25 bps
Ø  Industry losing Rs 350 cr per day due to warning on tobacco products: Assocham
Ø  UK govt prevented immediate closure of Tata Steel's unit

Financial Chronicle
Ø  India has potential to grow between 8 to 10%: CEA
Ø  Retail inflation slides to 6-month low in March
Ø  India begins probe into steel dumping by 6 countries
Ø  PFRDA aims to add 60-70 lakh APY subscribers in FY17
Ø  Gold set to enter bull market: WGC
Ø  Taj Group to run Nepal tourist resort

View on Nifty Bank

Nifty bank  (15880)

Nifty bank has entered into its positive territory with a support zone of 15700..15600

Above 15960 it can show good momentum upto 16300 and higher 16800 

Any close below 15600 can show 15400..15200 zone

NIFTY VIEW 

Nifty 50 (7708)

Nifty is heading towards its stiff resistance of 7720..7780 

Cross over this zone can take it to 7840..7880 

Strong support zone lies
7539..7564 zone

CALL OF 12/04/2016 TUESDAY

@ 03:24

Btst call

Century Textiles ltp 609 

sl 605 

trgt 620

CALL OF 12/04/2016 TUESDAY

@ 03:01

Btst call

Buy Wock pharma ltp 1031 

sl 1018 

trgt 1047

CALL OF 12/04/2016 TUESDAY

@ 12:19

Buy Tata Motors ltp 391 

sl 386 

trgt 401

CALL OF 12/04/2016 TUESDAY

@ 11:07

Buy L&T ltp1219

Intraday sl 1208 

trgt 1242

CALL OF 12/04/2016 TUESDAY

@ 10:04

Buy Ashok Leyland ltp 112

sl 111.40 

Intraday trgt 113.20 

Positional trgt 122

CALL OF 12/04/2016 TUESDAY

@ 09:47

Buy bhel ltp 127 

sl 126

Intraday trgt 129

NIFTY VIEW @ 08:40

Nifty 50 (7671)

Nifty yesterday just made a dip to 7516 and reversed with volume buying and gave a bullish engulfing pattern. 

Today above 7680 we can see 7880 very soon can be in this week. 

7640..7660 remains the strong supporting zone. 

If maintains below this and close below 7500 we can see 7400..

Market Update

Sgx Nifty -18 pts
‎Dow -20.55 pts ,Nsdq -17.29 pts , S&P -5.61 pts ‎, Bovespa -127 pts , Ftse -4 pts , Dax +60 pts  , Cac +9 pts  , Nikkei  +167 pts , now, Crude @ $40.20 brl (-0.16), Brent @ $42.83 brl (+0.89) , Gold @ $1260.60 (+2.60), Silver @ $15.94 (-0.04), Euro @ $1.1412, JPY @ $107.9800, INR @ $66.4312



Today's Corporate Action
12th Apr Ex Date


DICIND
Dividend - Rs. - 4.0000
KSBPUMPS
Final Dividend - Rs. - 5.5000



Today's Key Results
12th Apr


Bajaj Corp,Goa Carbon,Rel Ind Infra,Sree Rayal Seema Alk




Today's Data Alert


Apr 12: Index of Industrial Production for February, by CSO. 1730 IST

Est 0.90% Vs -1.5% Srcs-Cogencis



Apr 12: CPI combined inflation for March, by CSO. 1730 IST


Est 5.1% Vs 5.2%

Srcs-Cogencis



Today's Global Data



Apr 12: UK March BRC-KPMG retail sales monitor data; 0431

Apr 12: Japan March bank lending data; 0520 IST

Apr 12: Japan March preliminary machine tool orders data; 1130 IST

Apr 12: Germany March Consumer Price Index data; 1130 IST

Apr 12: Germany March Wholesale Price Index data; 1130 IST

Apr 12: Eurozone March long term interest rates statistics; 1330 IST

Apr 12: Germany Jul-Sep Eurozone economic outlook; 1330 IST

Apr 12: UK February Office for National Statistics House Price Index data;1400 IST

Apr 12: UK March inflation figures; 1400 IST

Apr 12: UK March producer prices data; 1400 IST

Apr 12: US March National Federation of Independent Business index of small   business optimism data; 1530 IST

Apr 12: US The Retail Economist/Goldman Sachs chain store sales index data for the week ended Apr 8; 1715 IST

Apr 12: US March import and export price indexes data; 1800 IST

Apr 12: US Johnson Redbook retail sales index data for the week ended 1825
IST

Apr 12: US International Monetary Fund world economic outlook forecast
chapters Published; 1830 IST

Apr 12: US Federal Reserve Bank of Philadelphia President Patrick Harker speaks at Region on the Rise: A Construction and Development Summi 1830 IST

Apr 12: US world agricultural supply and demand estimates data; 2130 IST


Apr 12: US March treasury statement of receipts and outlays of the
government; 2330 IST

Apr 12: German Chancellor Angela Merkel meets Mexican President Enrique Pena Nieto

Business Standard

Ø  India gets $42 billion FDI during April-February: RBI 

Ø  Carlyle says India to offer best PE returns in the world

Ø  World Bank lending hits post-financial crisis peak

Ø  After failing to find a buyer, RBS decides to close down India business 

Ø  Payment bank license to Bharti Airtel-Kotak JV

Ø  Boost in Infra to benefit LafargeHolcim: Moody's



Ø  Tata Steel sells UK long-product plant

Ø  Fitch pegs India's growth at 7.7% in FY17

Ø  StanChart looks to shed $1.4-billion loans in India

Ø  Tax liability cloud over Cairn-Vedanta merger

Ø  Maggi clears all safety tests directed by Supreme Court

Ø  L&T withdraws plans for listing L&T Infotech

Ø  RBI sells $3.34 billion in spot forex in February

Business Line

Ø  Govt may pay interest subsidy directly to borrowers

Ø  Brand ambassadors may be made liable for misleading ads

Ø  India, Maldives sign pacts on taxation, defence

Ø  Stake-sale in SUUTI: Centre keeps options open for now

Ø  Tata Capital ties up with Biz2Credit to lend to SMEs

Ø  Cairn India crude oil & gas production falls 8% in Q4

Mint

Ø  Monsoon likely to be above normal this year: Skymet

Ø  Critical phase of reforms on now, says Arun Jaitley

Ø  IDFC Alternatives in talks to invest Rs600 crore in ACME Solar

Ø  Bhel’s steep valuation prices in the potential positives

Ø  Vistra Group marks India entry with IL&FS Trust acquisition

Ø  Bharti Airtel does well to go on spectrum acquisition spree

Financial Express                

Ø  Obama, Fed's Janet Yellen discussed economic risks in White House meeting

Ø  Sensex reclaims 25,000, surges 348 points, Nifty settles above 7,650

Ø  Vijay Mallya: Paid $100 to acquire T20 League franchise Barbados Tridents

Ø  Ashton Carter offers India aircraft carrier know-how



Financial Chronicle

Ø  Govt committed to strict probe into Panama leaks: Sinha

Ø  Govt warns Monsanto against exploiting farmers

Ø  RBI has taken a bet on payment banks: Rajan

Ø  Tax-free bonds gain on RBI & small savings rate cuts

Ø  Jewellers divided over strike, half open shops

Ø  China to drag down growth in developing Asia: WB

NIFTY 50 WEEKLY  VIEW @ 09:06

Nifty 50 (7555)

Nifty entered in its selling zone but gave a closing with a spinning top which is a positive sign.

if it trades above 7580 we can see sharp move to 7700 in it.

If it trades below 7520 it can show 7400 in this week.

China upgrade yuan 5.464huge positive for China market and base metals

Fed has announced a closed meeting under expedited circumstances on Monday Apr 11 to discuss discount rates.  Unusual move and could add to market uncertainty.

Economic Times

Business Standard

Ø  GCC states set to borrow up to $390 billion by 2020: Report

Ø  India offers $20 bn investment in Iran for land & gas

Ø  DLF promoters kick off $2 billion divestment in rental arm

Ø  India, China set eyes on joint satellite constellation 

Ø  15% duty on certain goods on India return after 1-year foreign stay

Ø  Japan's Rakuten may roll cart to Indian shores



Ø  Impact Chapter to facilitate $100 mn investments to start-ups

Ø  Govt action more radical in last 12 years, says Cairn CEO

Ø  NSEL scam: Suspicion mounts on brokers routing black money

Ø  Sun Pharma gets USFDA nod for eye inflammation drug

Ø  Chinese company offers to build irrigation projects in Telangana

Ø  Govt plans scheme for staff to invest in bank recapitalisation

Business Line

Ø  OECD calls for special meeting on ‘Panama Papers’

Ø  Sahara assets sale ‘herculean task’

Ø  Tata Power arm sells 50% in OTP

Ø  Jaitley stays firm on excise duty on jewellers

Ø  Masala bonds can be new funding source for Indian cos: IFC



Mint

Ø  UK Serious Fraud Office starts Tata Steel probe after audit

Ø  Ipca Laboratories falls to 36-month low as Global Fund stops sourcing drugs

Ø  Nuclear Fuel Complex sets new production record in 2015-16

Ø  Iran exporting 350,000 bpd oil to India, hopes for more: report

Financial Express                

Ø  Govt to use 'buying power' to procure goods at cheaper rates

Ø  Dare-devil acts of cbanks making markets crises prone

Ø  Rupee moved between 4-6% against majo

Ø  Market valuation of top-9 cos plummets by Rs 44,123 cr

Ø  Indian Railways 'Rs 8 lakh crore' infra development plan to be rolled out soon

Ø  Incentivise private players to achieve 'Housing for All': JLL



Financial Chronicle

Ø  Micromax partners Visa, TranServ for m-commerce

Ø  Negotiate with Mallya on dues: Assocham to banks

Ø  Panama Papers: Cameron makes his tax returns public 

Ø  Guar prices may continue to recover on low arrivals

Ø  Barley output is stagnant despite steady demand

Ø  Recovery in earnings growth likely in 2nd half of FY17

Market Update

Sgx Nifty -35 pts
‎Dow +35.00 pts ,Nsdq +2.32 pts , S&P +5.69 pts ‎, Bovespa +1780 pts , Ftse +67 pts , Dax +91 pts  , Cac +57 pts  , Nikkei  -184 pts , now, Crude @ $40.16 brl (+0.44), Brent @ $42.28 brl (+0.34) , Gold @ $1246.60 (+2.40), Silver @ $15.39 (+0.01), Euro @ $1.1402, JPY @ $107.9700, INR @ $66.4675



Today's Corporate Action
11th Apr Ex Date
‎

FREDUN
Interim Dividend - Rs. - 0.6000
MINDTREE
Interim Dividend - Rs. - 2.0000‎

CALL OF 07/04/2016 THURSDAY

@ 09:35

Sell Asian Paint ltp 866 

sl 872 

trgt 860 /853

ALL TRGT HIT

CALL OF 08/04/2016 FRIDAY

@ 11:39

Sell Nifty apr fut ltp 7575 

sl 7608 

trgt 7540/7508

CALL OF 08/04/2016 FRIDAY

@ 09:25

SELL CAIRN AROUND 143

SL 146.20

TRGT 139/134

SL HIT

UPDATE ON OUR WEEKLY VIEW ON COPPER 4th to 8th April

Copper (332)

Copper gave a good close above 331 its support zone with a doji formation.

Now if trades above 333 on closing basis it can shoot up to 342/343.

If maintains below 331...328 it can show 322...320 levels.

LEVELS ACHIEVED, MADE A LOW OF 305 ON 7th APRIL

CALL OF 08/04/2016 FRIDAY

@ 09:57

Buy Jubliant food ltp 1254

sl 1230 

trgt 1284/1320

NIFTY VIEW @ 09:35

Nifty is in selling zone it can show 7400 very soon.

Only close above 7580 and maintain can bring some pull back..

CALL OF 08/04/2016 FRIDAY

@ 09:25

SELL CAIRN AROUND 143

SL 146

TRGT 139/134

Market Update

Sgx Nifty -2 pts
‎Dow -174.09 pts ,Nsdq -72.35 pts , S&P -24.75 pts ‎, Bovespa +416 pts , Ftse -24 pts , Dax -93 pts  , Cac -38 pts  , Nikkei  -162 pts , now, Crude @ $37.56 brl (+0.30), Brent @ $39.66 brl (+0.23) , Gold @ $1240.60 (+3.10), Silver @ $15.21 (+0.04), Euro @ $1.1365, JPY @ $108.6300, INR @ $66.4675



Today's Corporate Action
8th Apr Ex Date


None


Today's Global Data


Apr 8: US February consumer credit; 0030 IST

Apr 8: US foreign central bank holdings; 0200 IST

Apr 8: US money stock measures; 0200 IST

Apr 8: US federal discount window borrowings; 0200 IST

Apr 8: US Federal Reserve Chair Janet Yellen to speak; 0300 IST

Apr 8: UK March REC, KPMG report on jobs; 0431 IST

Apr 8: Japan February balance of payments; 0520 IST

Apr 8: Japan provisional trade statistics for first 20 days of March; 0520
IST

Apr 8: Japan Oct-Dec revised balance of payments; 0520 IST

Apr 8: Japan March corporate insolvencies; 1000 IST

Apr 8: Japan March consumer confidence survey; 1030 IST

Apr 8: Germany February foreign trade; 1130 IST

Apr 8: Japan March economy watchers survey; 1130 IST

Apr 8: UK February industrial production figures; 1400 IST

Apr 8: UK February trade data; 1400 IST

Apr 8: UK March NIESR gross domestic product estimates; 1930 IST

Apr 8: US February wholesale trade data; 1930 IST

Apr 8: Federal Reserve Bank of New York President William Dudley visits
 Bridgeport

Economic Times

Business Standard

Ø  Govt staff's pay hikes may fund bank capitalisation

Ø  Central funds transfer to states declined 0.3% in FY16: RBI

Ø  30% of state public enterprises loss-making: RBI report

Ø  ECB sets boundaries to action against slowdown

Ø  Rs 10,247-cr fine on top of Rs 29k cr tax notice on Cairn

Ø  Panama Papers part of US plot to weaken Russia: Putin

Ø  Flour mills to continue importing wheat from Australia despite 25% duty



Ø  Bank Board Bureau to discuss capital, consolidation on April 8

Ø  US jobless claims fall despite anemic economic growth

Ø  Move towards 4% inflation to contain rupee volatility: Raghuram Rajan

Ø  Telcos urge govt to reduce spectrum usage charges to 1% in phases

Ø  Power reforms may pressure states' budgets: RBI

Ø  New policy to facilitate RCOM, Jio spectrum sharing

Business Line

Ø  ‘Agriculture related decisions may appear skewed, but have own rationale’ 

Ø  Adani to restart talks with stakeholders over Australian mine project

Ø  ABN Amro executive steps down in Panama scandal 

Ø  Despite market fall, pledging of shares by promoters up only marginally year-on-year 

Ø  Spices Board issues new testing norms for cumin exports 

Mint

Ø  WTO cuts 2016 global trade forecast to 2.8%

Ø  Aptel says no to compensatory tariff; Adani Power, Tata Power fall

Ø  SC directs Vijay Mallya to disclose all assets as banks reject repayment offer

Ø  LIC may invest Rs2.7 trillion in capital markets this fiscal year

Ø  OCBC to buy Barclays Asia wealth business for $320 million

Financial Express                

Ø  Sensex slumps 215 points on earnings worries

Ø  'Aspire to be entrepreneurial engine for developing world'

Ø  SBI cuts home loan interest rate to 9.45 per cent

Ø  LIC clocks Rs 11k-cr profit through equity investments in FY16

Ø  IOB to sell 'Indian Gold Coin' on Gudi Padwa in Mumbai on Friday



Financial Chronicle

Ø  India less susceptible to external shocks: Moody's

Ø  Moody's changes RCom's outlook to negative from stable

Ø  Global IT spend to fall 0.5% in 2016; India stays strong

Ø  Equitas IPO top draw, issue oversubscribed 17.21 times

Ø  Consumer sentiment rises to 4-month high in March

CALL OF 06/04/2016 WEDNESDAY

@ 03:25

STBT call

Sell BEML ltp 948 

sl 964 

trgt 932/920

ALL TRGT HIT

CALL OF 06/04/2016 WEDNESDAY

@ 09:52

Sell Bharat forge ltp 798 

sl 808 

trgt 778

TRGT HIT

CALL OF 06/04/2016 WEDNESDAY

@ 03:25

STBT call

Sell BEML ltp 948 

sl 964 

trgt 932/920

MADE A LOW OF 931

FIRST TRGT HIT

TRAIL SL TO FIRST TRGT OR 

BOOK PROFIT BY CHOICE

NIFTY VIEW @ 09:20

Nifty 50 (7614)

Yesterday Nifty did not break its positional support of 7580.

Today if breaks it and maintains below 7550 we can see selling in coming days.

Above 7640 uptrend can resume.