Business Standard

Ø  India's fiscal easing constrained by high debt: Moody's

Ø  Govt coming up with with better structure: Crisil

Ø  Coal India to buy back 1.72% stock for Rs 3,650 cr

Ø  Petronet LNG plans $3 bn investment in overseas push

Ø  'RIL's block holds 3.7 times established gas reserves'

Ø  Brexit credit impact on APAC sovereigns to be limited: Moody's

Ø  PE funds look to shift from Cyprus to Mauritius



Ø  India, Russia resolve to deepen trade ties

Ø  Monsoon rains likely to cover entire India in next 48 hours: Met dept

Ø  Delhi High Court issues restraining orders on bank strike

Ø  Steel firms to undo overseas acquisitions on global biz woes

Ø  L&T Infotech IPO fully subscribed on day one

Ø  ICICI Prudential to be listed this fiscal: Kochhar

Business Line

Ø  Govt sets up committee to relook at pulses MSP, bonus

Ø  Nirma bags LafargeHolcim cement assets in India for $1.4 bn

Ø  Inox Wind wins 50 MW order from Atria Power 

Ø  Zydus Cadila gets USFDA nod for diabetes drug

Ø  Morgan Stanley invests ₹114 cr in Five Star Business Finance 

Ø  Sun Pharma introduces anti-cancer product in Europe

Mint

Ø  Indian firms best, China worst on transparency: Survey

Ø  REC, PFC to step up clean energy funding: Piyush Goyal

Ø  redBus acquires majority stake in Peru-based Busportal

Ø  Sovereign wealth funds’ India holdings at a record high

Ø  Airbus said close to $7.5 billion A320neo deal from GoAir

Ø  Tata Steel looks for Europe JV, analysts see talks with Thyssenkrupp

Financial Express               

Ø   S&P hits record high as US economic outlook brightens

Ø  'India's fiscal easing constrained by high debt'

Ø   Sensex surges 500 points on global cues, Nifty settles above 8,460

Ø  Pokemon game adds $7.5 bln to Nintendo market value in two days

Ø  Govt reaches out to Congress for passage of GST in monsoon session



Financial Chronicle

Ø  Russia stalls China’s $1b hydropower loan for Mongolia

Ø  Car sales down 5.18%, passenger vehicle up in June

Ø  Equity MF’s net inflow dips to Rs 320 cr in June

Ø  Govt curbs modernisation of power plants, NTPC worst-hit

Ø  Oil falls as US drillers adjust to lower prices

Ø  Low returns, high labour costs hit rubber farmers hard

CALL OF 11/07/2016 MONDAY


@ 02:12

Buy Indusind bank ltp 1144 

sl 1140 

trgt 1170

SL HIT

Nifty bank (18016)

Nifty bank if maintains above 18000 can rise 18300..18700 levels.
 
If maintains below 18000 can take support around 17900 ...17600

Weekly view 

Nifty 50 (8323)

Nifty is still in the range recomended last week of 8260..8400 

For this week if nifty maintains above 8330 with the support of 8260 can rise upto 8420 ..8540 

If maintains below 8330 and breaches 8260 than 8180 can be seen.

Business Standard

Ø  Govt mulls pension scheme for high-income EPFO members

Ø  Sizable dip in Indian black money parked abroad: Arun Jaitley 

Ø  G20 nations pledge to boost global trade

Ø  Sebi steps up Mallya probe; to seek overseas help

Ø  PSU bank employees to go on strike from July 12

Ø  India extends $92 million Line of Credit to Tanzania

Ø  Bharti Enterprises VC to turn around distressed assets



Ø  Rising tax kitty to help Centre meet fiscal deficit target

Ø  Tata Steel's JV route for Europe positive

Ø  Govt preparing action plan to attract more FDI in dairy sector

Ø  Govt slaps anti-dumping duty on chemical from 5 countries

Ø  Commodity prices, construction key for rural economy: Icra

Ø  Vedanta to tie up with South African company for gold mining

Ø  Rising cost to hurt first quarter results

Business Line

Ø  Assocham against changing fiscal year

Ø  Mallya refutes United Spirits’ funds diversion charge 

Ø  Telecom Ministry clears Airtel-Aircel 4G spectrum trading deal

Ø  RCom promoters pledge 3.8 cr share worth over Rs. 190 cr

Ø  Delhi set to become global hub for commercial arbitration

Mint

Ø  Government plans to conclude largest spectrum auction by September end

Ø  Essar Power finally turns around with Rs39 cr net in fiscal 2016

Ø  Difficult to find buyers for asset monetization: HCC

Ø  Hewlett Packard Enterprise said to consider selling software assets

Financial Express               

Ø   Cadila Healthcare eyes growth opportunity in US, Latin American formulation markets

Ø  Air India fares to compete with Rajdhani's AC 2-tier

Ø  Oil funds hold down risk, eye volatility after weak first half

Ø  India to import 5 lakh tonnes of maize to check prices



Financial Chronicle

Ø  Ease of biz ranking: World Bank officials to meet DIPP

Ø  Russia offers Indian firms stake in Yamal LNG project

Ø  Low returns, high labour costs hit rubber farmers hard

Ø  Guar prices likely to see further recovery on shrinking acreage

Ø  China, India eye Asian Century as Brexit rattles old order

Market Update

Sgx Nifty +97 pts
‎Dow +250.86 pts ,Nsdq +79.95 pts , S&P +32.00 pts ‎, Bovespa +1130 pts , Ftse +56 pts , Dax +210 pts  , Cac +76 pts , Nikkei  +463 pts, now, Crude @ $45.04 brl (-0.37), Brent @ $46.57 brl (-0.19) , Gold @ $1373.10 (+14.60), Silver @ $20.55 (+0.43), Euro @ $1.1045, JPY @ $100.7000, INR @ $67.3700

US GENERIC GOVT. 10-YEAR YIELD : 1.3696%

Today's Corporate Action
11th July  Ex Date


EXIDEIND
Final Dividend - Rs. - 0.8000
GHCL
Dividend - Rs. - 3.5000
J&KBANK
Dividend - Rs. - 1.7500
JSWENERGY
Dividend - Rs. - 2.0000
ONWARDTEC
Final Dividend - Rs. - 1.0000
WIPRO
Final Dividend - Rs. - 1.0000


Today's Key Result
11th July


Indus Bank(Cog Est Net 652 Cr +24% Yoy Time - During Mkt )

CALL OF 05/07/16 TUESDAY

Sell Idea ltp 107

 sl 109 

trgt 104/102

MADE A LOW OF 102.30

ALL TRGT HIT

South Indian Bank Q1: 

Net Profit At Rs.95.1 Cr Vs Rs.65.3 Cr (YoY)

Gross NPA At 3.96% Vs 3.77% (QoQ)

Net NPA Unchanged At 2.89% (QoQ)

Gross Bad Loans At 3.96% Vs 3.77% (QoQ)

NII +8.2% At Rs.373.6 Cr Vs Rs.345.3 Cr (YoY)

Total Income Rs. 1620 Cr Vs Rs. 1480 Cr

NIFTY BANK VIEW 

Nifty bank (18084)

Nifty bank if trades below 17980 can fall further to 17800..17680.

If maintains above 18040 can rise up and can catch uptrend.

NIFTY VIEW 

Nifty 50 (8337)

Nifty is stuck in the range of 8300..8400.

Today If maintains below 8310 can fall further to 8240..8180.

If maintains above 8350 might catch its uptrend again.

Business Standard

Ø  Finance giants, PEs & tech cos eye GE’s SBI Card stakes 

Ø  5 PEs in race for 10% stake in Hero FinCorp

Ø  DLF shortlists 6 buyers for promoters’ 40% stake

Ø  No world recession from Brexit but risks high: IMF

Ø  RBI notifies rates for small saving schemes for Q2

Ø  DoT to issue Rs 12,488 cr notice to Vodafone, Airtel

Ø  'Don't give Britain single market access at any price'

Ø  'Need to amend Act to effect 74% FDI in pvt security agencies'

Ø  RBI Central Board discusses macro-eco developments, MPC



Ø  BILT's $500-mn deal to sell Malaysian arm falls through

Ø  Experts prefer calendar year as new financial year

Ø  Labour Ministry in favour of raising EPFO's investment in ETFs

Ø  Vehicle recalls to come under strict scrutiny

Ø  Women's participation in labour market declining in India: ILO

Ø  Largest British trade union warns Tata against 'fire sale' of specialty unit

Ø  PSU Banks remain laggards in selling mutual funds

Ø  FIPB rejects Flag Telecom's proposal to set up arm

Business Line

Ø  Fed minutes suggest rate hikes on hold until Brexit impact clearer

Ø  S&P warns of possible downgrade to Australia's coveted rating, cuts outlook

Ø  Recovery in sales to continue for India Inc in Q1

Ø  Reliance Jio debt issue gets record bids

Ø  BGR Energy bags Rs. 2,300-cr contract from APGENCO

Mint

Ø  Taro CEO Kal Sundaram to return to Sun Pharma

Ø  Sebi wants better algo trading, more accountable bond rating

Ø  Reduction in loan rates unlikely despite drop in borrowing costs

Ø  Vijay Mallya set to appear at F1 press conference on Friday

Ø  Amazon India invests in six new fulfilment centres

Ø  Rupee closes stronger against US dollar at 67.40; bond yield at over 3-year low

Financial Express               

Ø   Sensex, Nifty end flat; Lupin, NBCC (India) shares surge

Ø  L&T wants to be 'number-one' in IT biz: A M Naik

Ø  Govt mulling raising FDI cap in newspapers, periodicals

Ø  Govt may extend tax payment deadline for black money scheme



Financial Chronicle

Ø  Modi visit will cement India-SA ties: South Africa FM

Ø  IMF sees Pakistan’s currency overvalued by 20%

Ø  EU to probe rise in Russian, Brazilian steel imports

Ø  India is one of the focus markets for Caterpillar'

Ø  Two-wheeler industry set to adopt alternate technology

Market Update

Sgx Nifty -18 pts‎
‎Dow -22.74 pts ,Nsdq +17.65 pts , S&P -1.83 pts ‎, Bovespa +112 pts , Ftse +70 pts , Dax +45 pts  , Cac +32 pts , Nikkei  +91 pts, now, Crude @ $45.39 brl (+0.25), Brent @ $46.40 brl (-2.40) , Gold @ $1361.10 (-1.00), Silver @ $19.77 (-0.06), Euro @ $1.1067, JPY @ $100.7600, INR @ $67.3975



Today's Corporate Action
8th July  Ex Date



ABBOTINDIA
Final Dividend - Rs. - 35.0000
CAIRN
Final Dividend - Rs. - 3.0000
DHFL
Final Dividend - Rs. - 2.0000
JOSTS
Dividend - Rs. - 1.0000
MINDTREE
Final Dividend - Rs. - 3.0000
POLYCHEM
Dividend - Rs. - 2.5000
SKFINDIA
Dividend - Rs. - 15.0000
TATACOFFEE
Dividend - Rs. - 1.3000



Today's Key Result
8th July


8k Miles,Garware Marine,Gokak Tex,South Bank




Today's Data Alert



Jul 08: WMA and forex reserves as on Jul 1, by RBI.
‎



Today's Global Data



Jul 8: US Federal discount window borrowings; 0200 IST

Jul 8: US foreign central bank holdings data; 0200 IST

Jul 8: US money stock measures; 0200 IST

Jul 8: UK June REC and KPMG report on jobs; 0431 IST

Jul 8: Japan June data on bank lending; 0520 IST

Jul 8: Japan May balance of payments; 0520 IST

Jul 8: Japan Jan-Mar revised balance of payments; 0520 IST

Jul 8: Japan provisional trade statistics for first 20 days of June; 0520
IST

Jul 8: Japan June international transactions in securities; 0520 IST

Jul 8: Japan June corporate insolvencies; 1000 IST

Jul 8: Japan June Economy Watchers Survey; 1030 IST

Jul 8: Germany May foreign trade; 1130 IST

Jul 8: Germany May manufacturing turnover; 1130 IST

Jul 8: UK May trade data; 1400 IST

Jul 8: European Union Jan-Mar balance of payments second release;

Jul 8: US June employment report; 1800 IST

Jul 8: US weekly export sales; 1800 IST

CALL OF 05/07/16 TUESDAY

@ 09:31

Sell Hero Moto around 3150 

sl 3164 

trgt 3110

TRGT HIT

CALL OF 07/07/2016 THURSDAY

@ 01:53

Intraday call 

Buy Sun pharma ltp 784

sl 782.80 

trgt 790

SL HIT

Market Update

Sgx Nifty -8 pts(8346) Nifty Fut(8354)
‎Dow +78.00 pts ,Nsdq +36.26 pts , S&P +11.18 pts ‎, Bovespa +59 pts , Ftse -81 pts , Dax -159 pts  , Cac -78 pts , Nikkei  -65 pts, now, Crude @ $47.80 brl (+0.37), Brent @ $48.80 brl (+0.84) , Gold @ $1368.40 (+1.30), Silver @ $20.23 (+0.02), Euro @ $1.1098, JPY @ $101.0700, INR @ $67.4550



Today's Corporate Action
7th July  Ex Date


AXISBANK
Dividend - Rs. - 5.0000
BAMBINO
Dividend - Rs. - 1.6000
INDECOM
Reduction of Capital 
SWARAJENG
Dividend - Rs. - 15.0000
SWARAJENG
Special Dividend - Rs. - 18.0000
‎


Today's Key Results
7th July


Mangalam Org,Zee Learn 




Today's Data Alert



Jul 07 : Water level in major reservoirs as on Jul 7, by CWC.

Jul 07 : Rainfall for week to Jul 6, by IMD.

‎



Today's Global Data



Jul 7: Japan June international reserves/foreign currency data; 0200 IST

Jul 7: Japan May indexes of business conditions - preliminary release; 1030
IST

Jul 7: Germany May industrial production index; 1130 IST

Jul 7: UK June Halifax house price index; 1300 IST

Jul 7: UK May industrial production figures; 1400 IST

Jul 7: US June Challenger job-cut report; 1700 IST

Jul 7: European Central Bank's accounts of its last monetary policy
discussions; 1700 IST

Jul 7: US June ADP national employment report; 1745 IST

Jul 7: US unemployment insurance claims report - initial claims for the week  ended Jul 2; 1800 IST
‎
Jul 7: US consumer comfort index; 1915 IST

Jul 7: UK June NIESR gross domestic product estimates; 1930 IST

Jul 7: Energy Information Administration natural gas storage report for the  week ended Jul 1; 2000 IST

Jul 7: Energy Information Administration petroleum status report for the week ended Jul 1; 2030 IST

Jul 7: US June retail chain store sales index; 2130 IST

Jul 7: International Monetary Fund World economic outlook update

Economic Times

·         FIPB clears FDI proposals worth Rs 643 crore

·         Africa visit aimed at enhancing ties with Africa: PM Narendra Modi

·         ITC ropes in Sanjay Singal of Dabur for food business

·         Reliance AIF to raise Rs 1,000 crore for realty investments

·         Ferrero overtakes Nestle in India chocolate revenues

·         Reverse e-auction for power projects in the pipeline

·         Maruti Ciaz crosses 1 lakh cumulative sales milestone

·         Pininfarina to develop new product under own brand under Mahindra

·         BFIL may raise Rs 10,000 crore in FY17 to meet credit demand

·         Banking sector faces stress due to 'stalling' in 2011-13: SBI Chairman Arundhati Bhattacharya

·         Yeldi gets semi closed wallet licence from RBI

·         Emaar PJSC plans to raise stake in MGF joint venture to over 74%

·         JK Paper makes offer to buy 2 units of BILT Graphic Paper

·         Mines Ministry mulls hiking aluminium import duty

·         Claris gets USFDA nod for anti-bacterial infections injection

·         Aditya Birla Fashion to acquire Forever 21 in India for $26 mn

·         Marriott opens Fairfield in Lucknow, to open six more hotels by the end of 2016

·         Twitter ropes in Facebook veteran Bret Taylor to revive fortune

·         All telcos fail call drop test in Darjeeling & Sikkim; Telenor 2G sole to pass in Ranchi: TRAI

·         Reliance Lyf smartphones get 25% price drop

·         Vodafone emerges as frontrunner for buying out Telenor's operations in India





Livemint



·         Seventh Pay Commission: Central govt employees unions defer July 11 strike

·         Mahindra to use Pininfarina branding for luxury products

·         Essar Ports to remodel business, invest Rs3,000 crore in LNG terminal

·         Mahindra restructuring two-wheeler business: Pawan Goenka

·         India topped domestic air passenger growth globally in 2015: IATA

·         June quarter saw global economic growth at lowest since 2012

·         New mines minister Piyush Goyal seeks to raise mineral output



Business line



·         Centre weighs in with ₹90,000 cr to pump-prime the economy

·         Abbott wins drug regulator’s nod to sell absorbable stent in US

·         Petronet LNG plans a ₹5,000-cr terminal in Bangladesh

·         Broadcasters eye sports content for digital reach

·         GIPCL receives LoI for solar project

·         Vedanata to plant 13,000 saplings around their mining operations in Goa

·         BSH Home Appliances to raise production capacity

·         Claris gets USFDA nod for Tobramycin injection

·         Coal India joins buyback bandwagon

·         BookMyShow raises ₹550 cr in round led by US co Stripes

·         Shift from BS-III to BS-IV fuel will have dramatic impact: Tata Motors

·         Aurobindo to launch 7 products in US this quarter

·         John Deere ups focus on smaller tractors





Business Standard



·         Lafarge India bidders in London for final negotiation

·         H&M India will boost staff strength to 1,000 by year-end

·         Now, Ringing Bells looks to launch LED TV for ~10k

·         Flipkart on consumer focus overdrive, blacklists sellers

·         L&T Infotech says will continue with fresher hiring, but level of scrutiny to go up

·         Essar Projects bags contract for IOC pipeline replacement

CALL OF 05/07/16 TUESDAY

@ 09:44

Sell L&T Fh around  80.90 

sl 81.20  

trgt 79.90

TRGT HIT

Nifty view:

Nifty 50 (8370)

Nifty yesterday traded above 8340 the stiff resistance zone but closed with an inverted hammer doji.

If today it trades below 8360..8340 zone can show 8240 and 8180.

But if nifty manages above 8400 can again show good upmove..

Market Update

Sgx Nifty -26 pts
‎US Mkt Clsd,  Bovespa +335 pts , Ftse -55 pts , Dax -67 pts  , Cac -39 pts , Nikkei  -141 pts, now, Crude @ $50.10 brl (-0.25), Brent @ $50.53 brl (+0.18) , Gold @ $1352.10 (+13.10), Silver @ $20.45 (+0.87), Euro @ $1.1144, JPY @ $102.5700, INR @ $67.2650



Today's Corporate Action
5th July  Ex Date



BLUECHIPT
Dividend - Rs. - 1.5000
CANFINHOME
Final Dividend - Rs. - 10.0000
GREENPLY
Dividend - Rs. - 0.6000
KRONE
Dividend - Rs. - 2.5000
LGBBROSLTD
Final Dividend - Rs. - 1.0000
LKPFIN
Spin Off 
SUNDARMFIN
Final Dividend - Rs. - 1.0000

‎‎


Today's Data Alert


‎
Jul 05: Nikkei services and composite PMI for June, by Markit Economics.
1030 IST

Jul 05: TERM REPO: 14-day variable rate term repo for 185 bln rupees. Bids
to be submitted between 1100 and 1130 IST.




Today's Global Data



Jul 5: Japan June services purchasing managers' index; 0730 IST

Jul 5: Germany June services purchasing managers' index; 1325 IST

Jul 5: European Union June services purchasing managers' index; 1330 IST

Jul 5: UK June Markit services purchasing managers' index; 1400 IST

Jul 5: UK June official reserves data; 1400 IST

Jul 5: European Union May retail trade data; 1430 IST

Jul 5: Bank of England's Financial Stability Report; 1500 IST

Jul 5: US June Institute For Supply Management-New York report on business; 1915 IST

Jul 5: US July IBD/TIPP economic optimism index; 1930 IST

Jul 5: US May manufacturers' shipments, inventories and orders; 1930 IST

Jul 5: US June global services purchasing managers' index; 2030 IST

Jul 5: Federal Reserve Bank of New York President William Dudley to speak at Greater Binghamton Chamber of Commerce roundtable; 2400 IST

Jul 5: UK Jan-Jun Bank of England systemic risk survey results

Economic Times

·         Telcos may spend Rs 1 L-cr on spectrum in next auction

·         Dabur set to roll out fruit-based fizzy drinks

·         AM Naik denies interference led to L&T Infotech executives' exits

·         Chinese owners of Toshiba, Sharp chart out mega India initiatives

·         Tata Teleservices may shut CDMA operations in 850 Mhz band

·         Sri Lanka woos Indian pharma companies

·         Flipkart mulls big changes to its flagship sales event 'Big Billion Day'

·         New residential project launches at three-year low

·         Bank of Baroda steps up lateral hiring under new chief executive PS Jayakumar

·         IOC refuses stake sale offer in Nagarjuna Oil project

·         4,000 MW available in exchanges at around Rs 2 per unit: Piyush Goyal

·         Patanjali ads unsubstantiated, misleading: ASCI



Business Line

·         Poly Medicure to invest ₹60 cr in new facility in Haryana

·         UltraTech to pay ₹289 crore more for JP Associates’ cement units 

·         Global auto parts major ZF plans bigger play, new R&D unit in India 

·         Ramco Cements gets green nod to expand power plant in TN

·         NMDC slashes high grade iron ore prices by 5.5%

·         Hero MotoCorp inks 3-year wage pact with Gurgaon workers

·         Allcargo Logistics announces Adarsh Hegde as joint MD

·         Non-urea fertiliser prices slashed by up to ₹5,000/t



Business Standard

·         TeamLease acquires local rival ASAP Info Systems, enters IT staffing

·         Tata Sons to pump Rs 3k cr into Tata Teleservices

·         Myntra clocks its best end-of-season sale

·         Tyre industry petitions against imports from China

·         L&T to launch 5-yr plan, likely to focus on services business

·         Haryana pushes the envelope to go beyond Gurgaon-Manesar



Mint

·         Jaypee salvages UltraTech cement deal, loses control of Jaiprakash Associates

·         Narendra Modi set to reshuffle cabinet today

·         ICICI Bank sells Essar Steel loan exposure to Edelweiss ARC

·         Mukesh Bansal, Ankit Nagori raise $15 million for start-up CureFit

·         L&T Infotech aims to double revenue, profit in four years

·         After Tiago success, Tata Motors fast tracks work on micro SUV

·         1mg Technologies acquires diagnostic labs aggregator Medd

·         JSW Cement, Nirma among bidders for Lafarge assets

NIFTY BANK VIEW:

Nifty bank (17985)

Nifty bank can show 18300..18700 this month.

With the support of 17800..17200

It can too like nifty show rally towards new high if maintains above 18000 on closing basis.

NIFTY VIEW :

Nifty 50 (8328)

Nifty is near its very important zone 8260..8340, if trades above this on closing basis it will act as support and nifty can show 8600 and new high in coming months.

But if faces resistance here it can fall to 8040.. 8140..7946..7500.a

Economic Times

Business Standard
Ø  Criticism of GDP nos. hurt India’s reputation: Barman
Ø  Government woos Apple with new sourcing norms
Ø  India's biggest oil refinery on west coast to cost $30 bn
Ø  Wrong to say central banks always have a 'bazooka': Rajan
Ø  Tax department must trust assessees: Arun Jaitley
Ø  UK should keep Brexit options open: Tony Blair
Ø  Global M&A falls 18% to $1.71 tn in first half of 2016

Ø  Five-year inflation target under review
Ø  Monsoon key to India's recovery: StanChart
Ø  Kuwait posts $18 billion deficit as lower oil prices slash revenue
Ø  IPO market: Companies mop up Rs 7,775 cr in Jan-Jun
Ø  Mutual Fund assets hit record Rs 14.41 lakh cr in June quarter
Ø  Notification error halts sugar re-export
Ø  FinMin to issue Cabinet note on listing of PSU insurers soon
Business Line
Ø  ‘GDP overstated, higher private investment needed’
Ø  Technological innovation key to harness low wind sites: Suzlon
Ø  Brexit: Tatas may freeze UK unit sale
Ø  Debt servicing ability of most large firms still weak: Report
Ø  SEBI rejigs top-level work allocation 
Ø  Aluminium poised near the range resistance
Mint
Ø  Tata Steel said to put Port Talbot sale on ice
Ø  NMDC to buyback shares worth Rs7,528 crore
Ø  GAIL to investRs.20,000 cr on pipeline network in south India
Ø  LSE shareholders to vote on merger under Brexit cloud
Ø  Govt may not cut excise duty on petrol, diesel for now
Ø  SBI secures $625 million from World Bank for solar programme
Financial Express               
Ø   IOC-owned refinery to supply BS-IV compliant diesel from January
Ø  Textile industry likely to create only 29 lakh jobs against a one crore jobs target
Ø  Jindal Stainless allots shares to pay Rs 366 cr due to JSHL
Ø  At 42.72 mt, Coal India hits 99 percent of June output target

Financial Chronicle
Ø  India’s GDP data is overstated: Morgan Stanley
Ø  India slips to 75th place on money in Swiss banks
Ø  States asked to form panel to expedite mining lease
Ø  Irdai asks insurance cos details of social sector biz
Ø  GMR sells stake in projects to Adani
Ø  Promoter-shareholders' stake in NSE falls to 41%

Market Update

Sgx Nifty +35 pts
‎Dow +19.38 pts ,Nsdq +19.89 pts , S&P +4.09 pts ‎,  Bovespa +706 pts , Ftse +73 pts , Dax +96 pts  , Cac +36 pts , Nikkei  -59 pts, now, Crude @ $49.06 brl (+0.07), Brent @ $50.53 brl (+0.18) , Gold @ $1345.20 (+6.20), Silver @ $19.99 (+0.38), Euro @ $1.1133, JPY @ $102.5500, INR @ $67.3200



Today's Corporate Action
4th July  Ex Date


ACGL
Final Dividend - Rs. - 12.5000
ECLERX
Dividend - Rs. - 1.0000
HISARMET
Dividend - Rs. - 1.0000
JSWSTEEL
Dividend - Rs. - 7.5000
RADICO
Dividend - Rs. - 0.8000
ULTRACEMCO
Dividend - Rs. - 9.5000



Today's Data Alert


Jul 04: Nikkei services and composite PMI for June, by Markit Economics.  1030 IST

CALL OF 06/06/2016 MONDAY

@ 12:38

Positional call 

Buy Eq  BPCL ltp 996 afd qty around 972..960 

sl 940 on closing basis 

trgt 1100

TRGT HIT

Economic Times

Business Standard
Ø  Bad loan surgery could kill promoter zeal: Banks
Ø  Bucking trend: JP Morgan, biggest US lender, to expand in India
Ø  Fiscal deficit at nearly 43% of budgeted target in May
Ø  Brexit uncertainty a top risk to global economy: IMF
Ø  June ends with rainfall deficiency of 11 per cent
Ø  ArcelorMittal submit offer to buy Italy's Ilva steel plant
Ø  US regulators probe SoftBank over misconduct claims

Ø  Indian solar energy to get $1 bn from World Bank
Ø  PE investments drop 16% in June quarter to $3.6 bn
Ø  Three-year term is short for RBI Governor: Rajan
Ø  Indian money in Swiss banks dips 33% to Rs 8,392 cr
Ø  Ruias plan to sell another 25% stake in Essar Oil
Ø  India's external debt increases on FCNR (B) deposits
Ø  China accuses US of ignoring facts over India's NSG bid
Business Line
Ø  Infrastructure growth slips to 5-month low at 2.8% in May 
Ø   WB, ISA sign agreement for collaboration in solar energy
Ø  L&T Infotech on the lookout for strategic buys in Europe
Ø  Japan regulator approves Canon deal to buy Toshiba unit
Ø  Rajan a ‘great’ central bank governor: World Bank President 
Ø  Alembic Pharma plants successfully inspected by USFDA
Mint
Ø  RBI eases rules for external commercial borrowings
Ø  Rupee closes at one-week high against US dollar at 67.53
Ø  Jet Airways in talks with banks for $180 million loan: report
Ø  Torrent Pharma to buy Glochem manufacturing unit
Ø  Quess Corp IPO subscribed 3.39 times on Day 2
Ø  Essar eyes sale of Vadinar refinery in Gujarat: report
Financial Express               
Ø   Petrol price cut by 89 paise a litre, diesel by 49 paise a litre
Ø  Modi govt to name Raghuram Rajan's successor by July 15
Ø  Essar turns around sick steel unit acquired from Ajmera
Ø  Sebi bars six firms, lets off one in SCORES case
Ø  GERC's proposal will slow down wind capacity addition: Ind-Ra

Financial Chronicle
Ø  Rajan meets FM as RBI, govt seek to put MPC in place
Ø  CBDT notifies foreign tax credit rules
Ø  Credit Suisse may raise stake in Chinese joint venture
Ø  North America leaders mount strong defense of trade
Ø  Japan plans July fighter jet tender seen worth $40b

Market Update

Sgx Nifty -15 pts
‎Dow +235.31 pts ,Nsdq +63.43 pts , S&P +28.09 pts ‎,  Bovespa +525 pts , Ftse +144 pts , Dax +67 pts  , Cac +42 pts , Nikkei  +82 pts, now, Crude @ $48.45 brl (+0.12), Brent @ $49.68 brl (-0.93) , Gold @ $1325.40 (+4.80), Silver @ $18.97 (+0.24), Euro @ $1.1105, JPY @ $103.1100, INR @ $67.5250



Today's Corporate Action
1st July  Ex Date



CENTENKA
Dividend - Rs. - 6.0000
CENTENKA
Special Dividend - Rs. - 1.5000
ITC
Bonus issue 1:2
MAYURUNIQ
Final Dividend - Rs. - 0.2000
MODRNSH
Dividend - Rs. - 0.5000



Today's Data Alert



Jul 01: WMA and forex reserves as on Jun 24, by RBI.

Jul 01: Nikkei Manufacturing PMI for June, by Markit Economics. 1030 IST

Jul 01: TERM REPO: 14-day variable rate term repo for 185 bln rupees. Bids
to be submitted between 1100 and 1130 IST.






Today's Global Data



Jul 1: US federal discount window borrowings; 0200 IST

Jul 1: Japan June Tokyo CPI; 0430 IST

Jul 1: Japan May national CPI; 0430 IST

Jul 1: Japan May Labour force survey data; 0430 IST

Jul 1: Japan May household spending data; 0430 IST

Jul 1: Germany, chancellor Angela Merkel to meet Georgian president Margvelashvili

Jul 1: Japan, June auto sales data; 1030 IST

Jul 1: Japan, June consumer confidence survey; 1030 IST

Jul 1: Germany manufacturing PMI; 1325 IST

Jul 1: Eurozone manufacturing PMI; 1330 IST

Jul 1: UK June CIPS, Markit manufacturing PMI; 1400 IST

Jul 1: Eurozone may unemployment data; 1430 IST

Jul 1: US June ISM manufacturing report on business; 1930 IST

Jul 1: US May construction spending; 1930 IST

Jul 1: US June global manufacturing PMI; 2030 IST