Economic Times

Business Standard

Ø  Government works overtime to ready GST by April 1

Ø  Petrol prices cut by Rs 1/litre, diesel by Rs 2

Ø  Oil, gas industry to lose out heavily from GST: Icra

Ø  Bullion gave 41% returns, outshone most stocks in 2016

Ø  'India's Iran oil imports rise to five-year high in July'

Ø  CSR data: Govt tweaking annual filing form for cos

Ø  Post offices to be converted into payment banks

Ø  Home sales up 9% in Q1, grow 3rd straight quarter



Ø  Pain for SBI's associate banks to stay in Q2: SBI chief

Ø  LIC, Aberdeen hold key to Nuvo-Grasim merger

Ø  Brexit tremor hits Infosys; may impact larger Indian IT

Ø  Economic freedom is true freedom, says J Jayalalithaa

Ø  BSNL FY16 operating profit expected to rise fivefold

Ø  ICF Chennai targets to produce 2,486 coaches in 2016-17

Ø  RBI questions banks for lending Rs 5,262 cr to REI Agro

Business Line

Ø  Coastal shipping could save steel firms ₹6,500 cr annually 

Ø  Raymond on expansion, consolidation mode

Ø  NSE to delist 14 companies from Aug 31

Ø  Unitech’s Ramesh Chandra, others told not to leave country without nod

Ø  ‘MRPL to shut secondary units in Sept-Oct for maintenance work’ 

Mint

Ø  Sebi paper on algo trading fuels disquiet

Ø  EY to re-evaluate GSPC onshore blocks

Ø  Deals Buzz: Hindalco’s Novelis unit to raise up to $1.1 billion

Ø  Telcos seek more time for spectrum auction

Ø  RBI should continue with R Rajan's policies on inflation: Moody's

Ø  Pfizer plans to bring more global drugs to India

Ø  Piramal in talks to invest Rs800 crore in ACME Solar

Financial Express               

Ø  OPEC deal a tough task, as oil output freeze expectations rise

Ø  Nalco has performed successfully amid market downturn: T K Chand

Ø  NMDC eyes selling 35 MT iron ore this fiscal

Ø  Brokers can't hire celebrities to endorse prize money schemes



Financial Chronicle

Ø  Modi backs new inflation target of 4 per cent

Ø  Mutual fund houses lay out red carpet for investors

Ø  Mkts may continue to experience hiccups in near-term

Ø  PM to save Rs 1.25L cr energy cost through LED bulbs

Ø  Insurers may be asked to list shares within 3 years

Market Update

Sgx Nifty +44 pts(‎8716)Nifty Fut(‎8672)
‎Dow +59.58 pts ,Nsdq +29.12 pts , S&P +6.10 pts ‎, Bovespa +847 pts , Ftse +25 pts , Dax +25 pts  , Cac +2 pts , Nikkei  -6 pts  now, Crude @ $45.61 brl (-0.13), Brent @ $48.35 brl (+1.38) , Gold @ $1341.61 (+2.21), Silver @ $19.84 (+0.02), Euro @ $1.1180, JPY @ $101.2500, INR @ $66.8887



Today's Corporate Action
16th Aug  Ex Date


ABIRLANUVO
Dividend - Rs. - 5.0000
INDAGIV
Final Dividend - Rs. - 0.5000
KPRMILL
Final Dividend - Rs. - 1.0000
LUDLOWJUT
Final Dividend - Rs. - 1.5000
NATCAPSU
Dividend - Rs. - 1.5000
SRF
Interim Dividend - Rs. - 6.0000
VINYLINDIA
Dividend - Rs. - 1.5000‎
VIPULORG
Dividend - Rs. - 0.8000



Today's Key Result
16th Aug 


Power Grid ( 1633 Cr + 20 % Yoy Time - After Mkt ) 
Just Dial ( 34 Cr +4 % Yoy) 
Ocl India 
Srcs-Cogencis Est Net 




Today's Data Alert 


Aug 16: TERM REPO: 14-day variable rate term repo for 185 bln rupees. Bids
to be submitted between 1100 and 1130 IST.

Aug 16: WPI inflation for July, by commerce and industry ministry. 1200 IST.

Aug 16: RBI Governor Rajan to deliver inaugural address at FICCI-IBA Banking Conclave. Dy Governor Mundra, Dena Bank CMD Kumar, SBI Chairman Bhattacharya, IDBI Bank MD and CEO Kharat, RBL Bank MD and CEO Ahuja among others to speak. 0930 IST, Mumbai.

JET AIRWAYS Q1

Net Profit At RS 103 Cr Vs  RS 222 Cr (YoY)

Income From Operations At  RS 5112 Cr Vs RS 5220 Cr (YoY)

ALLAHABAD BANK

Net Loss At RS 565 Cr Vs Net Profit Of RS 147 Cr YoY

Total Income At RS 5,120 Cr Vs RS 5,390 Cr YoY

Gross NPA At 12.33% Vs 9.76% QoQ

Net NPA At 8.69% Vs 6.76% QoQ

Approves Raising Capital Up To RS 500 Cr Via Preferential Issue

NHPC Q1

Net Profit Up 7.5% At RS 858 Cr  Vs RS 798 Cr YoY

Net Sales At RS 2,166 Cr Vs RS 1,980 Cr YoY

SUN PHARMA Q1

Consol Profit Of RS 2,035 Cr Vs RS 550 Cr

Consol Total Income At RS 8240 Cr  Vs RS 6760 Cr (YoY)

HINDALCO Q1

Net Profit At RS 294 Cr Vs  RS 218 Cr YoY

Income From Operations At   RS 7,597 Cr Vs RS 8 575 Cr (YoY)

Aluminium Operations Sales At  RS 4260 Cr Vs RS 3960 Cr (YoY)

Copper Segment Sales At  RS 3340 Cr Vs RS 4610 Cr (YoY)

BANK OF INDIA Q1

Net Loss Of RS 740 Cr Vs Profit Of RS 130 Cr

Total Income At RS 10, 660 Cr Vs RS 11660 Cr (YoY)

Gross NPA At 13.38% Vs 13.07% (QoQ)

Net NPA At 7.78% Vs 7.79% QoQ

SBI Q1

Net Profit At RS 2520 Cr Vs  RS 3692 Cr (YoY)

Net Provisions At RS 7,410 Cr  Vs RS 3,990 Cr (YoY)

NII At RS 14,312 Cr Vs RS 13,732 Cr YoY

ORIENTAL BANK Q1

Net Profit Down 60.8% At RS 101 Cr Vs RS 258 Cr YoY

Total Income At RS 5390 Cr Vs  RS 5570 Cr (YoY)

Gross NPA At 11.45% Vs 9.57% (QoQ)

Net NPA At 8.11% Vs 6.70% (QoQ)

BOSCH Q1

Net Profit Up 0.7% At RS 379 Cr  Vs RS 376 Cr YoY

Net Sales Up 8.5% At RS 2,476 Cr Vs RS 2,280 Cr (YoY)

GLENMARK PHARMA Q1

Consol Net Profit Up 28%  At  RS 227 Cr Vs 183 Cr YoY

Consol Revenue At RS 1,943 Cr  Vs RS 1,626 Cr YoY

India Business up 10.39% 

US Business up 24.44% 

Europe Formulations Business up 36.5%⁠⁠⁠⁠

CALL OF 11/08/2016 THURSDAY

@ 12;52

Sell Star ltp 1162 

sl 1176 

trgt 1148/1140

SL HIT

CALL OF 11/08/2016 THURSDAY

@ 03:06

BTST CALL

Buy L&T ltp 1458 

sl 1440 

trgt 1486

TRGT HIT

NIFTY BANK VIEW:

Nifty bank( 18640)

Nifty bank like nifty has  made a doji and can bounce back to 19000 above 18700.

If breaks the support zone  mentioned earlier in our reports 18400..18500 selling can be seen in markets with most banking stocks.

NIFTY VIEW:

Nifty 50 (8592)

As mentioned yesterday nifty gave a good closing above its support zone it can show good momentum today above 8600..8620 zone, It can show 8700.

If fails to maintain above 8600 and breaks 8530..8510 zone selling pressure can be seen.

Economic Times

Business Standard
Ø  Customer not liable if fraud due to bank's fault: RBI
Ø  Merger not to fund Idea Cellular for battle with RJio: KM Birla
Ø  CIL asks govt to levy environment tax on pet coke
Ø  Niti Aayog identifies SAIL units for strategic sale: Govt
Ø  Govt plans to utilise landbanks of public sector enterprises
Ø  Liquor cos lost $4 bn last year for prohibition and GST
Ø  Aditya Birla Gr rejig not favourable for shareholders

Ø  UTI AMC gets majority nod for listing
Ø  Aditya Birla Nuvo to merge with Grasim
Ø  RBI faced pressures from govt for cutting rates: Subbarao
Ø  95% utilisation certificates not submitted by Goa govt: CAG
Ø  BoB Q1 down 60% on higher provisions for NPAs
Ø  No shortage of coal; 23 days stock available for power plants
Ø  US ambassador calls for globalisation of Indian legal sector
Business Line
Ø  Nine merchant bankers in fray to manage HUDCO stake sale
Ø  Bridgestone enters two-wheeler tyre segment in India
Ø  India, US fated to be strategic partners: think tank 
Ø  Hero MotoCorp promoter entity sells shares worth ₹ 1,910 cr 
Ø  Escorts shares zoom 17% as Co divests auto parts business
Ø  MRF reports marginal rise in first-quarter net
Mint
Ø  RBI raised forex interventions under Raghuram Rajan
Ø  Jyothy Lab Q1 net earnings up by 78%
Ø  Bank of Baroda Q1 profit falls 59.74% to Rs423 crore
Ø  Cabinet approves liberalization of FDI norms for NBFCs
Ø  IDBI Bank Q1 net profit rises 78% to Rs241.10 cr on tax write-back
Financial Express               
Ø  Sensex ends 85 points up in volatile trade, Nifty settles above 8,590;
Ø  ArcelorMittal-SAIL JV to be operational by December
Ø  'Power generation up 7.13 % in April-June at 391 billion units'
Ø  COAI seeks PMO intervention on Trai's "unfair" policies
Ø  Numaligarh Refinery plans $3 bln expansion to treble capacity

Financial Chronicle
Ø  Premji, Nadar in Forbes list of 100 richest tech tycoons
Ø  Global gold demand up 15% in Q2 2016: WGC
Ø  Amendment to Companies Act to ease fund flow: FM
Ø  Australia blocks foreign bids for Ausgrid
Ø  RBI transfers Rs 65,876 cr surplus to govt
Ø  China mobile makes $9.1 billion profit in H1

Market Update

Sgx Nifty +21 pts
‎Dow +117.86 pts ,Nsdq +23.82 pts , S&P +10.30 pts ‎, Bovespa +1380 pts , Ftse +48 pts , Dax +91 pts  , Cac +51 pts , Nikkei  131 pts  now, Crude @ $43.67 brl (+0.18), Brent @ $46.04 brl (+1.99) , Gold @ $1344.00 (-6.00), Silver @ $19.98 (-0.03), Euro @ $1.1138, JPY @ $101.8400, INR @ $66.8438



Today's Corporate Action
12th Aug  Ex Date


DRAGARW
Dividend - Rs. - 0.8000
GRNLAMIND
Dividend - Rs. - 1.0000
HATSUN
Interim
Dividend - Rs. - 1.0000
HINDHARD
Dividend - Rs. - 0.5000
INDHOTEL
Dividend - Rs. - 0.3000
L&TFH
Dividend - Rs. - 0.8000
MYSORPETRO
Dividend - Rs. - 1.0000
PNCINFRA
Stock  Split From Rs.10/- to Rs.2/-
SAURASHCEM
Dividend - Rs. - 1.0000
SIEMENS
Interim Dividend - Rs. - 27.5000
STERTOOLS



Today's Key Result
12th Aug 


 Bosch( 391 Cr +14% Yoy Time - During Mkt )
Cipla (366 Cr -44% Yoy Time - After Mkt )  
Sbi ( 2534 Cr - 67 % Yoy Time - During Mkt ) 
Hindalco (237 Cr +122% Yoy Time - During Mkt ) 
Jet Airways ( 395 Cr +78% Yoy)
Allah Bank ( 73 Cr -50% Yoy) 
Bank of Ind (-330 Cr)
Shree Cem (273 Cr +163 % Yoy) 
Aia Eng ( 103 Cr) 
United Brew ( 147 Cr +20 % Yoy) 
Offs ( Cons 362 Cr  + 10 % Yoy)
Nmdc ( 623 Cr -38% Yoy) 
Divis Lab (266 Cr +9% Yoy) 
Glenmark Pharma ( Cons 213 Cr + 20 % Yoy) 
NHPC ( 646 Cr -16% Yoy)
Aban Off,Akzo Nobel, Alkem Lab, Andrew Yule, Asahi Ind,Aurionpro,Bajaj Elect, Bhansali Eng,Central Bank, Clarient Chem, Deepak Fert,Gillander,Gtc,Hercules Hoist, Jain Irrigation,Jindal Saw, Jindal Stainless,Kiri Inds,Lyka Lab,Lypsa  Gems,Nahar Spin,Neuland Lab, Orient Bank, Punjab Alkali, Rana Sug, Sakthi Sug, Salora Int, Simbaoli Sug, Sudarshan Chem,Taj Gvk,Thiru Arooran,Tilaknagar Dist,Vipul Ltd, Via an Inds, Voltamp, Walchand Inds,‎ 
Srcs-Cogencis Est Net 




Today's Data Alert 



Aug 12: TERM REPO: 14-day variable rate term repo for 185 bln rupees. Bids
 to be submitted between 1100 and 1130 IST.

Aug 12: Monsoon session of Parliament to end.

Aug 12: Index of Industrial Production for June, by CSO. 1730 IST.

Aug 12: CPI Combined inflation for July, by CSO. 1730 IST.




Today's Global Data



Aug 12: US money stock measures data; 0200 IST

Aug 12: US Foreign Central Bank holdings data; 0200 IST

Aug 12: US Federal Discount Window borrowings data; 0200 IST

Aug 12: Germany July Wholesale Price Index data; 1130 IST

Aug 12: GER Apr-June GDP first release data; 1130 IST

Aug 12: GER July Consumer Price Index data; 1130 IST

Aug 12: European Union Apr-Jun flash GDP estimate; 1430 IST

Aug 12: EU June industrial production data; 1430 IST

Aug 12: US July Producer Price Index data; 1800 IST

Aug 12: US July advance sales for retail, food services data; 1800 IST

Aug 12: US June manufacturing & trade- inventories, sales data; 1930 IST

Aug 12: US world agricultural supply, demand estimate data; 2130 IST

Godrej Ind Q1

Cons Net Profit Up 1.6% At Rs 63.8 Cr; 

Cons Total Income Up 35.7% At  Rs 2,054 Cr

REC Q1 (YoY)

Net Profit At Rs 1,421 Cr, 

Calculated NII At Rs 2,400 Cr 

Net Profit Down 3.9% At  Rs 1,421 Cr

IDBI BANK Q1

Net Profit Up 78.5% At RS 241 Cr Vs RS 135 Cr YoY

Total Income At RS 8220 Cr Vs RS 7900 Cr YoY

Gross NPA At 11.92% Vs 10.98% QoQ

Net NPA At 7.47% Vs 6.78% QoQ

Provision Coverage Ratio At 56.14%  As On June 30

CALL OF 11/08/2016 THURSDAY

@ 09:37

Buy Tata Chemical ltp 514 

sl 490 

trgt 540

SL HIT

NIFTY VIEW 

Nifty 50 (8575)

Nifty yesterday showed selling and now is near its positional support zone 8560...8530..8510.

It can either bounce back from here or can break and cool down to 8300 ..8100 
(mentioned in our monthly report )

This week closing will  give a clear picture of the further short term trend.

BANK OF BARODA Q1

Net Profit At RS 424 Cr Vs RS 492 Cr  YoY

Net NPA At 5.73% Vs 5.06% QoQ

Gross NPA At 11.15% Vs 9.99% QoQ

Provisions At RS 2,004 Vs  RS 5,900 Cr YoY

NII At RS 3372 Cr Vs RS 3460 Cr

Market Update

Sgx Nifty +3 pts
‎Dow +37.39 pts ,Nsdq -20.89 pts , S&P -6.25 pts ‎, Bovespa -769 pts , Ftse +15 pts , Dax -42 pts  , Cac -16 pts , Nikkei  Clsd , now, Crude @ $41.47 brl (-0.24), Brent @ $44.05 brl (-0.93) , Gold @ $1353.30 (+1.40), Silver @ $20.18 (+0.01), Euro @ $1.1186, JPY @ $101.1900, INR @ $66.7150

US GENERIC GOVT. 10-YEAR YIELD : 1.5074%

Today's Corporate Action
11th Aug  Ex Date


BHARTIARTL
Final Dividend - Rs. - 1.3600
BODALCHEM
Interim Dividend - Rs. - 0.3000
CUB
Dividend - Rs. - 0.2000
FLEXFO
Dividend - Rs. - 2.5000
JBCHEPHARM
Final Dividend - Rs. - 0.5000
KIFS
Final Dividend - Rs. - 0.7500
KPIT
Final Dividend - Rs. - 1.1000
KTIL
Bonus issue 1:25
KTIL
Stock  Split From Rs.10/- to Rs.5/-
MOHITIND
Final Dividend - Rs. - 1.0000
ORIENTPPR
Dividend - Rs. - 0.2500
PFC
Final Dividend - Rs. - 0.6000
PRICOL
Dividend - Rs. - 1.0000‎
UNIABEXAL
Dividend - Rs. - 2.0000
VHL
Dividend - Rs. - 3.0000


Today's Key Result
11th Aug 

Bank Of Baroda ( 347 Cr - 67% Yoy) 
Grasim (Cons 601 Cr + 24 % Yoy) 
Mrf ( 423 Cr -5% Yoy)‎
Idbi Bank(-314 Cr) 
Ipca lab ( 55 cr +191% Yoy) 
Irb Infra ( 154 Cr - 7 % Yoy) 
Rec Ltd ( 1280 Cr -13% Yoy) 
Guj Pipavav ( 55 cr -32% Yoy) 
Page Inds ( 76 Cr +21% Yoy) 
3 I Info,AB Nuvo,Aries Agro, Asian Granito, Asian Hot (w),Balram Chinni,Banni Amman,Bhartiya Int,Coffee Day Ent, Dhanlaxmi Bank, Godrej Inds, Granules,Himadri Chem, Icra, Idbi Bank, Kesar Ent, Kesoram Inds, Mawana Sug, Minda Inds, Phoenix Mills,Simmonds Marshall, Tide Water,Vip Inds,Zandu Realty ‎
Srcs-Cogencis Est Net


Today's Global Data


Aug 11: UK July RICS residential market survey; 0431 IST

Aug 11: UK Apr-Jun mortgage and landlord possession data; 1400 IST

Aug 11: UK Apr-Jun Council of Mortgage Lenders' arrears, repossessions data; 1400 IST

Aug 11: Germany Information and Forschung Institute Jul-Sep World Economic  Climate event; 1430 IST

Aug 11: US July import and export indices; 1800 IST

Aug 11: US export sales data for the week ending Aug 5; 1800 IST

Aug 11: US unemployment insurance claims for week ending Aug 5; 1800 IST

Aug 11: US Energy Information Administration natural gas storage data for week   ending Aug 5; 2000 IST
‎
Aug 11: Germany June balance of payments; Aug 11: Japan financial markets closed for mountain day

Economic Times

·         ET Markets Roundtable: How GST can transform India?

·         How Adani Group is moving towards corporate responsibility from controversies

·         Would like to pioneer in making a driverless tractor: Anand Mahindra

·         Government plans to utilise landbanks of public sector enterprises

·         Railways on fast track to boost non-fare revenues

·         TCS ranks among top 100 US brands: Survey

·         Dabur Red toothpaste rides herbal wave, moves to 3rd slot

·         Make in India: Incentive package for leather sector on the anvil

·         Tata Power Delhi inks pact with 30 companies, institutions for tech innovation

·         India Value Fund Advisors, Baring Asia team up to buy ICICI Home Finance

·         Tata Motors mulling launch of SUV and premium sedan



Business Line



·         Tata Communications has nothing to gain from VSNL land bank, says Chairman

·         Domestic car sales rise 9.62% in July

·         ReNew Power sets up another JV with Chinese company Hareon

·         Welspun to make towel with Manchester United, Walt Disney brands

·         First Solar commissions 130 MW of solar power plants in AP, Telangana

·         GE and L&T sign MoU to manufacture sub-sea oil and gas equipment in India



Business Standard



·         Tata Chemicals exits urea biz for Rs 2,670 cr

·         Reliance Jio strikes back, sees vested interests at play

·         FRBM panel for combining Centre, states' deficit targets

·         IPO windfall for RBL Bank staff

·         Grasim, Nuvo shares tank on merger reports

·         COAI-Trai tussle to impact spectrum auctions

·         Biofuel industry to see Rs 15,000-cr investments

·         CIL eyes better sales as imported coal and pet coke prices soar



Mint



·         Robust farm equipment sales prop up Mahindra in June quarter

·         CCI clears UltraTech Cement’s Rs16,189 crore deal with Jaiprakash Associates

·         RBL Bank looks to raise Rs1,211 crore through IPO

·         Cabinet approves liberalization of FDI norms for NBFCs

·         Macquarie Infrastructure, Tata Housing to partner for Rs2,000 crore projects

·         Rajan says was open to RBI extension to take care of unfinished business

·         Aditya Birla health insurance business gets Irdai nod

IBREL Q1

Net Profit At RS 117 Cr Vs  RS 90.19 Cr (YoY)

Net Sales At RS 761 Cr Vs   RS 815 Cr (YoY)

CALL OF 10/08/2016 WEDNESDAY

@ 12:54

Intraday call 

BUY NIFTY FUT 

LTP 8632 

SL 8600 

TRGT 8672/8702

SL HIT

Adani Ent Q1

Cons Net Profit At Rs.364 Cr Vs Rs.380 Cr (YoY)

Cons EBITDA At Rs.807 Cr Vs Rs.665 Cr (YoY)

CALL OF 10/08/2016 WEDNESDAY

@ 12:38

Sell Hero Moto ltp 3395 

sl 3410 

trgt 3366

TRGT HIT

CALL OF 10/08/2016 WEDNESDAY

@ 12:48

Buy EQ Tata Motors ltp 506 

sl 503.80 

trgt 512

SL HIT

M&M Q1

Standalone Net Profit At  RS 955 Cr Vs RS 850 Cr (YoY)

Total Sales At RS 11,940 Cr Vs  RS 10,470 Cr (YoY)

Motherson Sumi Q1

Cons Net Profit Up 15.8% At Rs 439 Cr

Cons Total Income Up 15.5% At Rs 10,450 Cr

CALL OF 08/08/2016 MONDAY

@ 01:11

Buy Arvind abv 315 

sl 309 

trgt 332

SL HIT

NIFTY VIEW :

Nifty 50 (8678 )

Nifty yesterday did not maintain above 8730 and showed selling pressure.

It touched its support of 8637 and bounced back. 
Charts are showing some cooling down signals can take place 

if nifty maintains below 8630...and it can breach 8530 zone 

Close below 8470..8500 will make selling pattern active 

As in for now uptrend  momentum will be active above 8730..8740 zone

Business Standard

Ø  Rajan maintains form, holds rates in final innings

Ø  GAIL may face loss on US contracts going ahead

Ø  Top 100 borrowers owe PSBs Rs 13.71 lakh crore

Ø  Rajan warns against fake RBI e-mails promising money

Ø  RBI to inject Rs 10,000 cr for liquidity crunch on FCNR payout

Ø  TCS ranked 58th most valuable US brand

Ø  United Bank of India's net profit dips 93 per cent



Ø  India on the cusp of 30-year cycle of good monsoons

Ø  RJio is choking our networks, say incumbents

Ø  Comfortable with NPA clean-up and no need to relook at it: RBI

Ø  Sugar output in 2016-17 may be lower due to drought: Govt

Ø  Sebi launches e-payment mode for penalties

Ø  Net worth doubles, no need to report to BIFR: Chennai Petro

Ø  Lower tax rate boosts Lupin's Q1 net by 68%

Business Line

Ø  Dumping duty imposed on viscose staple fibre imports from China, Indonesia

Ø  Equity MFs assets base hits record high of Rs. 4.5 lakh cr

Ø  Late, but widespread rains bail out cotton crop in Gujarat

Ø  Tax revenues soar in April-July

Ø  Randstad to buy jobs portal Monster for $429 million 

Ø  SRF to invest Rs. 345 crore for expanding business

Mint

Ø  Raghuram Rajan says speeches never criticised govt

Ø  Dentsu Aegis Network to rebrand three of its agencies

Ø  SC to hear plea against Sesa Goa-Sterlite merger in end-September

Ø  Tata Global Beverages Q1 profit rises 52% to Rs119.52 crore

Ø  Indian Overseas Bank posts Rs1,450.50 crore quarterly loss

Ø  Colgate-Palmolive Q1 profit rises 8.43% to Rs125.72 crore

Financial Express               

Ø  MPC to decide on interest rates in October 4 policy: R Rajan

Ø  Nifty closes below 8,700 after RBI holds rates;

Ø  Muted response seen for India's 'largest' telecom spectrum auction

Ø  'Oil prices' role in India's disinflation relatively modest: IMF

Ø  Godrej Properties Q1 Net up 9% at Rs 43 cr



Financial Chronicle

Ø  Bonds rise on RBI plan to boost liquidity through OMO

Ø  Had fantastic tenure, made useful contributions: Rajan

Ø  India's bilateral investment pacts restrictive: Niti

Ø  Smriti Irani plans textile outreach at 70 locations

Ø  Tata Steel focusing more on B2C, B2SME segments

Ø  Surplus power may cause Rs 8K cr loss to discoms

PFC Q1

Net Profit At RS 1710 Cr Vs  RS 1580 Cr (YoY)

Total Income At RS 7100 Cr Vs  RS 6750 Cr (YoY)

Board Approves Merger Of Arm PFC Green Energy With Company

Tata Global Beverages Q1:

Net Profit Up 51.8% At `119.5 Cr; 

Total Income Up 3.7% At `1,734.2 Cr YoY

Adani Ports Q1

Net Profit Up 30.8% At `835.7 Cr; 

Total Income Up 6.5% At `1,826 Cr (YoY)

LUPIN Q1

Consol Net Profit At RS 880 Cr Vs RS 569 Cr  (YoY)

Cons Net Sales Up 40% At  RS 4,314 Cr Vs RS 3,081 Cr (YoY)

CALL OF 09/08/2016 TUESDAY

@ 11:26

Intraday call

Buy Yes Bank ltp 1264 

sl 1258 

trgt 1276

SL HIT

Nifty bank (18939)

Rbi policy will effect nifty bank 
Charts are showing nifty bank abv 19200 can rise 19450 
Break through 18400 can take it to 18100

Bank which are showing positive momemtum are axis and yesbank 

Neutral signals can be seen in sbi hdfc bank

NIFTY VIEW:

Nifty 50 (8711)

Yesterday nifty crossed 8720 but gave a close @ 8711 
It had traded in a narrow range  8690..8730 and formed an evening star which says selling can be seen 

Today being rbi policy volatility can be seen 

If nifty maintains above 8730 can show 8840 

Today below 8680 the support zone  8600...8530 can be seen


BREAK THROUGH 8470 ON CLOSING AND MAINTAIN BASIS CAN INVITE THE SELLING PRESSURE

Economic Times

Business Standard

Ø  India Inc hails passage of GST Bill, plans April rollout

Ø  SBI asks five banks to clean books before merger

Ø  Telecom companies accuse TRAI of bias

Ø  ONGC inflated its own crude oil report card: CAG

Ø  Brokers to provide trading documents in 15 languages

Ø  'Govt never imposed fine of Rs 200 cr on Adani port, SEZ'

Ø  Walmart to buy Jet.com for about $3.3 billion



Ø  3:7 swap ratio for Max, HDFC Life merger

Ø  India exported meat worth $568 million in April-May

Ø  Mutual funds to become costlier on GST implementation

Ø  DoT to kick off spectrum auctions on 29 September

Ø  Regulatory issues, land acquisition delay 112 NHAI projects

Ø  China to crack down on illegal rare earth mining

Ø  Aurobindo Pharma receives US FDA nod for anti-infective drug

Business Line

Ø  Govt notifies provisions under insolvency law

Ø  Bumpy road to recovery for Indian economy: Citigroup

Ø  Bank officers’ union to protest against govt policies 

Ø  US tax hunt overseas causes global headaches

Ø  HDFC, Max agree on terms of merging life insurance biz

Ø  Marico sees 10% growth in H2 on rising consumer demand 

Mint

Ø  Discoms’ power purchase costs soften in first quarter

Ø  CAG pulls up aviation ministry on Gondia airport spend

Ø  Hero MotoCorp Q1 profit rises 18.3% to Rs 883 crore

Ø  Reliance Retail to expand beyond 500 towns

Ø  Amara Raja-Exide Industries battle enters new phase

Ø  Britannia delivers a margins surprise

Financial Express               

Ø  S&P 500 set to open at record high after jobs data

Ø  Delhi may be among first few states to ratify GST bill

Ø  Differences between RBI, govt contribute to improve policies: D Subbarao

Ø  85% banks' NPA levels rise in Jan-June 2016: Survey

Ø  Green panel defers decision on Tata Power's Versova project



Financial Chronicle

Ø  Rajan may keep rate static in his last policy tomorrow

Ø  China imports, exports slump in July: customs

Ø  ‘On-tap bank licencing ‘credit positive’ for NBFCs’

Ø  Oil rises on new output freeze calls

Ø  MF exposure in bank stocks hits a record at Rs 94K cr

Ø  Raymond looks to double retail turnover by 2021

Market Update

Sgx Nifty +9 pts
‎Dow -14.24 pts ,Nsdq -7.98 pts , S&P -1.98 pts ‎, Bovespa -25 pts , Ftse +15 pts , Dax +65 pts  , Cac +4 pts , Nikkei  +33 pts , now, Crude @ $42.88 brl (-0.14), Brent @ $45.39 brl (+1.12) , Gold @ $1341.90 (+0.60), Silver @ $19.77 (-0.03), Euro @ $1.1087, JPY @ $102.3200, INR @ $66.8450



Today's Corporate Action
9th Aug  Ex Date


BOMBWIR
Stock  Split From Rs.10/- to Rs.1/-
GMM
Interim Dividend - Rs. - 0.7000
HERITGFOOD
Dividend - Rs. - 3.0000
HISARMET
Bonus issue 1:2
INFRATEL
Final Dividend - Rs. - 3.0000
KUSHAL
Interim Dividend - Rs. - 0.6000
LICHSGFIN
Dividend - Rs. - 5.5000




Today's Key Result
9th Aug ‎


Lupin
Adani Port
Apollo Tyre
Pfc
Tata Global 
Container Corp 
Adani Power,Astrazeneca,Atul Auto, Batliboi,Century Tex, Dcm Shriram, Deccan Cem, Edelweiss Fin,Emco, Finolex Cable,Geometric,Gkw,Globus Spirit,Godrej Prop, Huhtamaki Ppl, IOB,Insecticides Ind, Jk Tyre,Kilburn Eng, Kopran ,Manappuram Fin, Natco Pharma, Prism Cem, Subex, Sundaram Fast, Texmaco Pipe,Trigyn Tech, Uco Bank, Usha Martin, Zenith Health 
Srcs-Cogencis Est Net


Today's Data Alert


Aug 09: Third bi-monthly monetary policy statement by RBI.

Aug 09: TERM REPO: 14-day variable rate term repo for 185 bln rupees. Bids
to be Submitted between 1100 and 1130 IST.

IDEA Q1

Consol Net Profit At RS 220 Cr Vs  RS 854 Cr (YoY)

Consol Net Sales At RS 9480 Cr Vs RS 8790 Cr (YoY)

Consol Finance Cost At RS 990 Cr Vs RS 440 Cr (YoY)

MCLEOD RUSSEL Q1

Net Loss At RS 17.34 Cr Vs Loss Of RS 28.71 Cr YoY

Net Sales Up 2.4% At RS 171 Cr  Vs RS 167 Cr YoY

CALL OF 27/07/2016 WEDNESDAY

@ 03:00

Eq call 

Buy Crompton Grv ltp 75 

sl 70 

trgt 78/81/83

ALL TRGT HIT

EXIT

CALL OF 08/08/2016 MONDAY

@ 01:07

Buy Jubliant Food abv 1197 

sl 1180 

trgt 1216

TRGT HIT

HERO MOTO Q1

Net Profit Up 18% At RS 880 Cr Vs  RS 750 Cr (YoY)

Net Income At RS 8,010 Cr Vs RS 7,435 Cr (YoY)

Other Income At RS 120 Cr Vs RS 100 Cr (YoY)

CALL OF 08/08/2016 MONDAY

@ 11:42

SELL IBUL HOUSING 795

SL 800

TRGT 785

SL HIT

BANK NIFTY VIEW:

Nifty bank ( 18925)

Nifty bank had touched its support zone of 18400..18500 on Thursday and bounced back now it is heading towards 19100..19200.

Close above 19200 can take it to 19500..19800.
 
Again the support levels below 18400..are 18200..

NIFTY VIEW

Nifty 50 (8683)

Nifty after cooling off last week to 8517 till Thursday surged up on Friday and gave a good close above 8660.

Now its heading towards 8710..8720 close above this can show 8840 this week.
 
If breaks 8500 it can show 8470..8480..8300 as mentioned in our weekly report.

CALL OF 05/08/2016 FRIDAY

@ 01:53

Btst call

Buy Mindtree ltp 604 

sl 600 

trgt 612

TRGT HIT

EXIT

CALL OF 04/08/2016 THURSDAY

@ 10:59

Buy Union Bank ltp 130 

sl 126 

trgt 138

TRGT HIT

Bharat Forge Ltd Q1

Net Profit Down 37.3% At `122 Cr Vs `196 Cr (YoY)

Total Income Down 19.3% At  `957 Cr Vs `1,186 Cr (YoY)

CALL OF 04/08/2016 THURSDAY

@ 03:26

BTST call 

BUY VEDL LTP 163 

SL 159 

TRGT 169

TRGT HIT

NIFTY BANK VIEW:

Nifty Bank (18571)

Nifty bank had hold the level of 18400..18500 yesterday did not break 18400 it can resume to 19000.

If breaks 18400 can show 18200..300. levels.