MARKET UPDATE

Dow:18392       +98        +0.54%
Nasdaq:5339    +44        +0.84%
S&P500:2177   +14        +0.65% 
VIX :12.02        -1.28         -9.62%
Nikkei: 16745.   -62          -0.37%
Infy:+0.74%,             Wit:+0.31%
Ttm:+0.53%,            Rdy:+1.84%
Hdb:  -0.51%,            Ibn:+1.11% 
SBID:+3.62%,        RIGD:+2.60%
Us/Inr: $66.63,          Eu/Us:1.12
DIX: 95.42,                JPY: 100.86
Gold:$1340,         Silver: $19.96
Oil: $45,97,          Brent: $47.38
US10-YR : 1.627%   -0.005
SGX Nifty: 8916.00   +37.00⁠⁠⁠⁠

NIFTY BANK VIEW:

Nifty Bank (19828)

Nifty bank yesterday did not break 19720 made a low of 19749

Today it might break the range.

Today being weekly expiry of nifty bank it can be volatile. 

Above 20000 it can catch its uptrend

Levels are same as before

It has support around 19820..19720 zone if holds here can resume back but if breaks these then can show 19400..19500.

NIFTY VIEW:

Nifty 50 (8777)

Nifty yesterday did not break 8750 and gave closing above 8770.

Today as sgx nifty is trading near 8883 it can show gap up opening.

If maintains the  gap and close above 8860..8880 zone, 
It can catch uptrend and head towards  9000.. 9100.

If fails to give closing above 8860..8880 zone, 
It can slide down to 8750..8700,

and the multiple support zone are 8600..8700.

Economic Times

Business Standard

Ø  US Federal Reserve keeps key rate unchanged 

Ø  CAD narrows to $300mn in Q1 on import contraction

Ø  Pricing of 700 MHz spectrum band expensive: Mittal

Ø  India, China may escape worst of global environment: UNCTAD

Ø  Sebi asks NSE to take stock of possible wrongdoing

Ø  Rel Defence in talks to sell vessels to Coast Guard

Ø  IOC, GAIL to take 49% stake in Adani Group's project



Ø  OECD sees globalisation brake on growth

Ø  Cabinet clears conversion of R&C loan into equity

Ø  Govt irked by Moody's statement on ratings upgrade

Ø  Sebi to auction Sahara group's 13 more land parcels

Ø  Cabinet approves closing down Hindustan Diamonds

Ø  ICICI Prudential IPO oversubscribed 10 times

Ø  Nestle seeks SC nod to destroy 550 tonnes of Maggi Noodles

Business Line

Ø  Cabinet approves Rs. 1,250 cr subsidy to BSNL

Ø  Govt extends stock limits on pulses, edible oils by one year

Ø  YES Bank invokes ₹156-crore pledged United Breweries shares

Ø  Seafood industry has a rosy future, says MPEDA chief

Ø  Steel demand likely to grow 5.3% this fiscal

Ø  Essel Propack buys out partner’s stake in JV firm 

Mint

Ø  Rupee closes little changed against US dollar

Ø  Adani unveils world’s largest solar plant in Tamil Nadu

Ø  Govt set to fund eastern gas pipeline project

Ø  Suzlon plans to raise $3 billion for Australian wind farms by 2020

Ø  Cabinet approves purchase of 36 Rafale fighter jets: report

Ø  Private equity upbeat on retail commercial space in India

Financial Express               

Ø  Markets in wait and watch mode ahead of US Fed outcome

Ø  Marine exports likely to rise 20% to $5.6 billion in 2016-17: Govt

Ø  NTPC gets shareholders' nod to raise up to Rs15k cr via bonds

Ø  Tata Communications tests UHD broadcast at Singapore F1 race

Ø  SAIL eyes sales of 14.52 MT in FY'17; production of 17.16 MT



Financial Chronicle

Ø  Cabinet approves merging of Rail budget with Union Budget

Ø  Stockholding cap on pulses, edible oils extended

Ø  BOJ rate surprise lifts world stocks ahead of Fed

Ø  Federal Reserve expected to keep rates unchanged

Ø  CIL gears up for double-digit production growth

Ø  Aurobindo Pharma, Cadila recall drugs from US market

MARKET UPDATE

SGX Nifty +54 (8861) from last trade 8807 , 


Nikkei clsd , Hangseng +250 pts , NOW @6.53am , 


Dow:18293     +163        +0.90%
Nasdaq:5295    +53        +1.03%
S&P500:2163   +23        +1.09% 


Infy:+0.50%,             Wit: -0.10%
Ttm:+1.27%,           Rdy:  -0.87%
Hdb:+1.92%,            Ibn:+0.87% 
SBID: -0.29%,       RIGD:  -1.19% 


Us/Inr: $66.81 ,          Eu/Us:1.11
DIX: 95.42,                JPY: 100.13
Gold:$1338,         Silver: $19.93
Oil: $45,57,          Brent: $47.05
US10-YR : 1.655%   -0.0013

CALL OF 20/09/2016 TUESDAY

@ 01:51

Buy Apollo Tyre ltp 218 

sl 216 

trgt 224

SL HIT

CALL OF 21/09/2016 WEDNESDAY

@ 09:23

Buy Reliance capital around 562 

sl 557.80 

trgt 569

TRGT HIT

CALL OF 16/09/2016 FRIDAY

@ 09:56

Buy Siemens ltp 1266 

sl 1246 

trgt 1282/1296

SL HIT

NIFTY VIEW:

Nifty 50 (8775)

Nifty is stuck in a range of 8700..8850 zone.

Today if trades below 8750 can show 8700.

If holds 8770 can rise up 8840 zone.

NIFTY BANK VIEW:

Nifty bank (19852)

Nifty bank is not able to maintain above 20000 

It has support around 19820..19720 zone.

If holds here can resume back but if breaks these then can show 19400..19500.

MARKET UPDATE

Dow:18129   +9      +0.02%

Nasdaq:5241  +6    +0.05%

S&P500:2139   +1    +0.10% 

VIX :15.92  +0.39    +2.51%

Nikkei:16433. -59    -0.36%

Infy:  -0.50%,   Wit: -0.51%

Ttm:  -1.30%,  Rdy:+0.45%  

Hdb:+0.38%,  Ibn:+0.50% 

SBID: -0.66%, RIGD: -0.47%

US/INR: $66.97, EU/US:1.11

DIX: 95.98,     JPY: 101.68

GOLD:$1318, SILVER: $19.25

OIL: $44.85,  BRENT: $46.47

US10-YR :   1.694%   +0.007

SGX NIFTY : 8801.00   -1.50

Business Standard

Ø  Moody's ties India rating upgrade to tangible reforms

Ø  'Fed unlikely to hike interest rate this week'

Ø  Reliance Infrastructure files papers with Sebi for InviT

Ø  Cipla, Wockhardt in global alliance to fight resistance

Ø  Sebi pulls up Religare Securities for breach of broker norms

Ø  Sunil Mittal says Airtel well prepared for Rel Jio 



Ø  Cabinet to consider Budget presentation on Feb 1

Ø  Govt reviews impact of trade pacts on economy, employment

Ø  IOC, GAIL to sign pact to take 49% stake in Adani project

Ø  India sees more scope for farm sector tie-ups with Israel

Ø  Sebi allows comexes to modify futures contract specifications

Ø  Goldman Sachs to raise stake in Den Networks for Rs 142 crore

Business Line

Ø  Foreign investors raise tax concerns with FinMin

Ø  CBI conducts raids at National Spot Exchange, FTIL premises

Ø  BP Plc sells 8.53% stake in Castrol India; holds 51%

Ø   SBBJ shareholders demand better share swap ratio from SBI

Ø  Pfizer-Piramal deal gets CCI nod

Ø  L&T bags orders worth Rs. 1,726 cr 

Mint

Ø  ICICI Prudential Life IPO subscribed 52% on Day 2

Ø  Rupee trades marginally lower at 67.01 against US dollar

Ø  Accenture breaks blockchain taboo with editing system

Ø  Bayer makes offer for Monsanto India stake

Ø  LeSEE raises $1.08 billion in first round of funding

Ø  ONGC Videsh slapped with service tax demand of Rs6,100 crore

Financial Express               

Ø  Sensex snaps 4-day gaining streak, ends 111 points down, Nifty settles below 8,800

Ø  Buffett investing deputy Combs joins JPMorgan board

Ø  MSME proposals should be viable enough to attract bank funding

Ø  Capital First to raise Rs 100 crore via private placement

Ø  Govt okays Rs 2,600-cr highway projects



Financial Chronicle

Ø  Reforms to boost growth, investor confidence: Moody’s

Ø  India set to buy Iran oil for emergency reserves

Ø  India's MF:GDP ratio among world's lowest: Report

Ø  Finmin to look into tax issues, suggestions of FPIs: Das

Ø  Disclose absolute commission of MF distributors: Sebi

Ø  NTPC bullish on power demand, to add 24 gw

NIFTY BANK

Nifty bank too below 19700 can slide down 19200..19400.

Above 20010 can show upward move

NIFTY VIEW:

Nifty and bank nifty are in the same range of yesterday.

But yesterday it made a spinning top candle so if trades above 8730...8750 can show good momentum.

If maintains below 8770..8750 can slide to 8640..8650 zone.

Economic Times

Business Standard

Ø  China's Dalian Wanda seeks red carpet for $10 bn plans in India

Ø  GST: Clarification likely on Centre's power to levy excise

Ø  Telcos deposit Rs 14,653 crore for spectrum auction

Ø  Airtel, Vodafone, Jio submit call traffic details to Trai

Ø  NPAs to dip on high industrial capacity utilisation: SBI

Ø  'India's prospects over next 20-30 years look good'

Ø  Government invites application for new Sebi chairman



Ø  Banks want promoters' guarantee for new loans

Ø  Sebi board meeting could spell bonanza for FPIs

Ø  ICICI Pru Life IPO subscribed 16% on first day

Ø  Asset quality cycle is bottoming for Indian banks: Moody's

Ø  Sufficient fertiliser, seeds to meet rabi demand: Govt

Ø  CCI approves sale of Jaiprakash's Bina unit to JSW

Ø  Glenmark announces tie up for anti cancer drug

Business Line

Ø  Investment activity in India likely to revive in mid-term: D&B 

Ø  NTPC, EESL sign pact for energy efficient lighting solutions

Ø  MF exposure to bank stocks hits record high of over Rs. 1.05 lakh crore 

Ø  Karur Vysya Bank board announces stock split 

Ø  Monsoon withdrawal stalled as rains lash Central , West India 

Ø  Dr Reddy’s launches generic injection for kidney disease 

Mint

Ø  Heritage Foods in talks with Future Group for stake sale

Ø  FTIL moves court against ‘possible’ attachment of assets by ED

Ø  Govt plans eight mini labs at ports, airports to monitor drug quality

Ø  Dentsu Aegis acquires PR firm Perfect Relations

Ø  Indiabulls Housing Finance raises Rs1,330 crore via masala bonds

Financial Express               

Ø  China facing possible debt crisis: BIS, bank watchdog

Ø  Government taking steps to boost MSMEs: Nirmala Sitharaman

Ø  Limited progress by Renault Kwid in crash test: Global NCAP

Ø  No legal infirmity in GST notifications, says Hasmukh Adhia

Ø  Idea to launch its own TV, Chat, video service by FY'18



Financial Chronicle

Ø  Finmin to pitch for ratings upgrade with Moody's

Ø  India to clock 8% growth over next few years: S&P

Ø  Oil climbs as Venezuela sees output deal, Libya suffers

Ø  ‘Indian banking outlook stable, NPA formation slow’

Ø  Bank credit to small MFIs comes down to 15% in Q1

Ø  Base metals move divergently on strong fundamentals

MARKET UPDATE

Dow:18120         -3           -0.02%
Nasdaq:5235      -9           -0.18%
S&P500:2139     -0           -0.00% 
VIX :15.53        +0.16     +1.04%
Nikkei:16429     -89         -0.54%
Infy:+0.37%,            Wit:+1.86%
Ttm:+0.51%,           Rdy:+0.51%
Hdb:+0.75%,           Ibn:+1.65% 
SBID:+1.42%,       RIGD:+1.74%
Us/Inr: $66.93,          Eu/Us:1.11
DIX: 95.85,                JPY: 101.90
Gold:$1317,         Silver: $19.28
Oil: $43.22,          Brent: $45.90
US10-YR : 1.707%   +0.009
SGX Nifty: 8800.00   -24.50

A see-saw session on Wall Street on Monday ended little changed, with gains in big bank stocks offsetting a drag from Apple, as investors braced for the Federal Reserve meeting later this week.

The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday to see if the central bank plans to hike as soon as December.

After trading solidly higher during the morning, the benchmark S&P 500 pulled back and slid briefly into negative territory. The index has tallied four daily moves of at least 1 percent in the past couple of weeks after two months of calm.

"The market has been all over the place. It’s been driven by the threat of higher interest rates," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa. "Most people feel the most unloved bull market in recent memory will be cut off at the knees by higher interest rates, and the Fed is certainly threatening that in the near term."

The Dow Jones industrial average .DJI fell 3.63 points, or 0.02 percent, to 18,120.17, the S&P 500 .SPX lost 0.04 points, to 2,139.12 and the Nasdaq Composite .IXIC dropped 9.54 points, or 0.18 percent, to 5,235.03.

Traders are betting that there is only a 12-percent chance the Fed will raise interest rates this week, but see a 55-percent chance the central bank will do so in December, according to the CME's FedWatch website.

Investors also are eyeing the Bank of Japan's policy meeting on Tuesday and Wednesday, while the first debate of the U.S. presidential election is set for next Monday.

NIFTY VIEW:

Nifty 50 (8779)

Nifty on Friday showed a good move to catch its uptrend but failed to give close above 8860..8880.

This zone 8860..8880 can act as a resistance zone for coming days 

Close above it can take nifty to 8960..8980 zone the 52 week high area. 

 if nifty does not  hold 8700 nifty can slide to 8600 ..8500 levels.

Economic Times

Business Standard

Ø  Sebi's new policy could revive sick companies

Ø  Goldman to sell 15% of Max Financial Services shares

Ø  Vijay Mallya in full control even after moving to UK: UB Group

Ø  'Switching fiscal year to Jan-Dec will benefit exporters'

Ø  RJio blames Airtel for two crore call failures a day

Ø  India's Q1 current account to be in surplus: Citigroup

Ø  India to submit concept note on TFA in services at WTO



Ø  Restrictions ended for marble import but duty raised

Ø  Food ministry favours slashing import duty on wheat

Ø  ICICI Pru's Rs 6,000 crore IPO to open today

Ø  Tea board of India looks to double tea exports to Australia

Ø  Trai to initiate consultation on IoT, M2M communication soon

Ø  Motherson Sumi raises Rs 1,993 crore via QIP issue

Ø  OVL seeks oil in lieu of $537 mn due from Venezuela

Business Line

Ø  FIPB to take up 15 foreign investment proposals on Sept 26

Ø  GST will have a few tax slabs in ‘transition period’

Ø  Govt to expand DBT to 147 schemes by March: Lavasa

Ø  New import policy for marble, travertine blocks notified

Ø  ‘Tata Metaliks raising capacity to cash in on growing urbanisation’ 

Mint

Ø  Industrial IoT will score over consumer IoT

Ø  Banks to auction Kingfisher Villa; reserve price Rs85.3 crore

Ø  Axis Bank buys 13.67% in Asset Care and Reconstruction Enterprise

Ø  Aircel-Maxis case: Special CBI court rejects plea challenging its jurisdiction

Financial Express               

Ø  Centre mulling to 'advance' Winter session for early GST roll out

Ø  Highway across nations: India approves $1 bn connetivity project

Ø  Madhya Pradesh govt allots 10 acre land to Micromax



Financial Chronicle

Ø  FPIs pour in Rs 5,790 cr in markets in a fortnight

Ø  RCom to sell tower business to Brookfield

Ø  India becoming exciting market for LNG

Ø  Govt extends time frame of pharma marketing code

Ø  Foreign reinsurers likely to set up shop from Jan: Irdai

CALL OF 16/09/2016 FRIDAY

@ 10:33

Buy SBI ltp 262 

sl 258 

trgt 270

SL HIT

CALL OF 16/09/2016 FRIDAY

@ 11:50

Buy NIFTY ltp 8871 

sl 8850 

trgt 8932/8948

SL HIT

CALL OF 15/09/2016 THURSDAY

PRE MARKET CALL

Buy Tata steel cmp 374 

sl 363 

trgt 393

SL HIT

CALL OF 06/09/2016 TUESDAY

@ 10:07

Buy Reliance ltp 1026

Add qty if falls to 990..1000 

sl 980 

trgt 1060..1090

ALL TRGT  HIT

Economic Times

Business Standard

Ø  Ready to take on GST network challenge: Sikka 

Ø  Small & medium industries hold key to revival of exports: Sitharaman 

Ø  Jio seeks action against big telcos for violating MNP

Ø  Rcom-Aircel venture looks to raise $1 bln for expansion

Ø  Green masala bonds, others can fetch Rs 2 lakh crore

Ø  ONGC inks deal to buy extra 11% stake in Russian Vankor fields



Ø  Welspun sued over Egyptian towels, sheets

Ø  Services exports fall 4.6% to $12.78 bn in Jul

Ø  Mallya can seek Emergency Certificate to return to India: MEA

Ø  FPIs holdings in Q1 FY'17 rises to $311 bn: report

Ø  Moody's to review Reliance Communications rating

Ø  Textile package reforms yet to significantly boost jobs, productivity

Business Line

Ø  ‘Central banks can’t sustain negative interest rates forever’

Ø  Ashok Leyland, Hinduja Foundries approve merger plan

Ø  Steel ind seeks extension of MIP, more products under its ambit

Ø  NMDC, MOIL’s Rs. 8,400-cr buyback offers to open on Sept 19

Ø  UNIDO-MNRE project pushes for new solar thermal tech in industries 

Mint

Ø  Rupee devaluation rumours pull currency down to two-week low against US dollar

Ø  SC asks Parsvnath to deposit Rs12 crore with court in four weeks

Ø  Nirma raises Rs4,000 cr debt to fund Lafarge India assets deal

Ø  SBI deposit rates cut by up to 25 bps

Ø  Weaker realisations weigh on CIL

Financial Express               

Ø  Sensex closes 41 points up at 28,412, Nifty settles above 8,740;

Ø  India likely to sign $8.84-bn Rafale deal with France for 36 fighter jets on Sept 23

Ø  Inefficiency in railway cost structure leads to losses: Niti Aayog

Ø  Sugar prices may touch Rs 50 per kg in near-term



Financial Chronicle

Ø  Interest rate cycle bottoming out: Ind-Ra

Ø  India's salary growth at 0.2%, GDP gain of 63.8% since 2008

Ø  Govt expects record foodgrains output this year

Ø  Gold imports dip 77% to $1.11 bn in Aug

Ø  Apollo Tyres eyes to double its TBR segment

Market Update

Dow:18212      +177      +0.99%
Nasdaq:5249    +75       +1.47%
S&P500:2147   +21        +1.01% 
VIX :16.30        -1.84.     -10.84%
Nikkei:16449    +44       +0.24%
Infy:+0.56%,            Wit:+0.62%
Ttm:+0.07%,           Rdy: -0.04%
Hdb:+0.74%,            Ibn: -0.37% 
SBID: -0.39%,        RIGD:+0.80%
Us/Inr: $66.88,          Eu/Us:1.12
DIX: 95.26,                JPY: 101.95
Gold:$1320,         Silver: $19.06
Oil: $43.64,          Brent: $46.31
US10-YR : 1.691%   -0.012
SGX Nifty: 8814.00   +40.50

NIFTY VIEW:

Nifty 50 (8726)

Nifty has made yesterday one more spinning top.

If trades above 8750 uptrend can resume to fill both the gaps.

If trades below 8700 as recommended 8600..8700 multiple supports are existing have to watch where it holds or breaks them.

NIFTY BANK VIEW:

Nifty bank( 19909)

Nifty bank has made a bullish engulfing candle yesterday.

Today being a weekly expiry of nifty bank it can show volatility.

Above 19960 it can touch 20130..20150 levels and fill the gap of Monday resuming uptrend.

World Mkts Update

India Capital Markets Pvt  Ltd                                 
SGXNifty: 8751 (-18)
DJ: 18034 (-31)
NASDAQ 5173 (+18)
FTSE: 6673 (+7)
HANGSENG : 23291 (+101)
NIKKEI: 16414 (-199)

Fno ban :
DLF 
HDIL
IBREALEST 
JISLJALEQS
KSCL 
RCOM

Economic Times

Business Standard

Ø  RCom, Aircel merge; create telecom entity of Rs 65,000 crore

Ø  Voda plans to invest $3 billion into India operations

Ø  Tata Power completes Welspun acquisition

Ø  Bayer to acquire Monsanto for $66 bn all-cash deal

Ø  Airtel, Vodafone, Idea apply to bid in mega spectrum auction

Ø  Tata Steel Kalinganagar plant begins exports

Ø  OVL, Rosneft sign pact for 11% stake in Vankorneft



Ø  SBI prunes debut AT1 issue to $300 million

Ø  AIPEF warns against 'over dependence' on pvt sector for energy

Ø  NSE to meet regulator for clarity on its listing

Ø  Labour Ministry to introduce bill on wage code in next session

Ø  Mamata Banerjee offers alternative land to Tatas

Ø  Sebi might decide soon on self-listing by a bourse

Ø  Glenmark gets USFDA nod for skin lesion treatment gel

Business Line

Ø  Motherson Sumi closes bid for Rs. 1,993-cr QIP fund-raising

Ø  EPF got 95% contribution via internet banking in August

Ø   MCX tests disaster recovery site successfully

Ø  ‘Draft law on Ponzi schemes addresses all the main issues’

Ø  RBI sets up working group on hedging of commodity price risk

Ø  NTPC bond issue oversubscribed 3 times 

Mint

Ø  Govt said to refer 2009 Tata-Docomo deal to Enforcement Directorate

Ø  L&T Technology Services IPO subscribed 70.6% on day two

Ø  Airtel offers Reliance Jio 3 times more interconnection points

Ø  India’s growing federal fault lines

Ø  Jindal Steel revives output at 100-year-old Australian coal mine

Financial Express               

Ø  PM Narendra Modi takes stock of readiness for GST rollout

Ø  IOC announces Rs 1.80-trillion investment plan in next 6 years

Ø  PayU snaps up rival Citrus Pay for $130 million

Ø  Sebi deems share transfer by promoters by way of gift as sale

Ø  Apollo Tyres to double Chennai plant capacity at Rs 2,700 crore

Ø  Afghanistan eyes $10 billion trade and investment with India



Financial Chronicle

Ø  Indefinite parking of money in schemes impedes growth: Jaitley

Ø  WPI inflation hits 2-year high of 3.74% in Aug

Ø  Inflation may further rise in coming months: India Inc

Ø  Overspending to put pressure on RIL rating: Moody's

Ø  US pitches for bilateral investment treaty with India

Ø  Banks add leverage to hike returns on masala bonds

CALL OF 14/09/2016 WEDNESDAY

@ 10:44

Intraday call 

Buy HDFC ltp 1386 

sl 1379 

trgt 1396

TRGT HIT

CALL OF 14/09/2016 WEDNESDAY

@ 11:04

Sell HDFC BANK ltp 1280 

sl 1284 

trgt 1274

MADE A LOW OF 1274

TRGT HIT

CESC Q1

                    

Net Profit At Rs.174 Cr Vs CNBC-TV18 Poll Of Rs.168 Cr

Total Income At Rs.1,912 Cr Vs CNBC-TV18 Poll Of Rs.1,785 Cr

EBITDA Rs.411 Cr At Vs CNBC-TV18 Poll Of Rs.400 Cr

KAVERI SEEDS Q1

Net Profit At Rs 160 Vs Rs 220 Cr YoY

EBITDA Margin At 32% Vs 41.8% (YoY) 

Net Sales At Rs 494 Cr Vs Rs 539.4  Cr YoY

NIFTY VIEW:

Nifty 50 (8715)

Nifty as mentioned earlier is showing gap and island formation if it does not fill the two gaps of 8750..8754 and 8824..8848 in this week it can show selling pressure.

Nearest support zone lies around 8700..8650..8626..8600.

These are multiple and strong supports if holds here it can resume back to fill the above gaps.

But if slides below all these zones and breaks 8470..8500 on closing basis it enters into bearish zone 

Above resistance are the two gaps and 8960 ..9000 on closing basis.

MARKET UPDATE

SGX: 8752(-23)
Nikkei: 166689 (-39)
HANGSENG :23261(+45)

Dow: 18067 (-258) (-1.41%)
S&P: 2127 (-32) (-1.48%)
Nas: 5155 (-57) (-1.09%)
Brazil: 56821 (-1765) (-3.01%)
Ftse: 6666 (-35) (-0.53%)
Cac: 4387 (-53) (-1.19%)
Dax: 10387 (-45) (-0.43%)

WTI Oil: $44.9 (-3%)
Brnt: $47.10 (-2.52%)
Gold: $1319 (-0.7%)
Silver: $18.98 
Copper: $210.15
Eur-$: 1.1219
GBP-$: 1.3192
$-Jpy: 102.48
Re: 66.9238: shut
$ Index: 95.633: +0.57%
US10yr: 1.73%
Vix: 17.85: +17.74%
BalticDry: 796 (-8) (-1%)

ADR/GDR

Cogni (-2.48%)
Infy (-1.95%)
Wit (-1.72%)
IciciBk (-1.99%)
HdfcBk (-2.12%)
DrRdy (-1.08%)
TataMot (-2.35%)
TatSt (-0.18%)
Axis (-0.56%)
SBI (-0.26%)
RIL (-0.63%)

Today’s Major Results:..
A2ZINFRA, ANANTRAJ, BEML, BI, CESC, DBREALTY, EDUCOMP, ESSDEE, GMRINFRA, GUJNRECOKE, HINDDORROL, IVRCLINFRA, JINDRILL, KSCL, KWALITY, MAHSEAMLES, MANDHANA, MMTC, MONNETISPA, NBCC, ORISSAMINE, PATELENG, PRESTIGE, PROVOGE, RCOM, REIAGROLTD, ROLTA, STARLOG, STERLINBIO, SUPREMEINF, SUNTECK, UNITECH, VIKASWSP, etc…

Economic Times

Business Standard
Ø  India and Russia discuss direct gas delivery line
Ø  'Implementation of GST to attract more FDI'
Ø  Bharti Airtel agrees to take Jio's voice call 
Ø  Coal India’s Q1 net profit dips 14%
Ø  Government to back GST standard rate of 18-19%
Ø  Reliance Infra to scale up order book to Rs 30k cr

Ø  Sebi might ask Diageo to revise USL open offer
Ø  Moderating retail inflation raises rate cut hopes: Ind-Ra
Ø  Regulators step up scrutiny of drug makers
Ø  Reliance Capital to list Housing finance biz
Ø  Ashok Leyland plans multiple satellite plants abroad
Ø  Dr Reddy's enters Dow Jones Indices
Business Line
Ø   India-Hong Kong trade affected by China bogey
Ø  Zee Entertainment enters the Hispanic market
Ø  MCX silver under pressure, may extend fall in near-term
Ø  HCC bags Rs. 182 cr contract by Department of Atomic Energy 
Ø  Global oil surplus to persist into first half of 2017: IEA
Ø  Monsoon set to begin retreating from Rajasthan
Mint
Ø  Govt plans economic corridors with investment of Rs3 trillion
Ø  Cyrus Mistry optimistic about acquisitions by Tata firms within India and outside
Ø  Cauvery dispute: Infosys, TCS, Wipro shut offices after violence
Ø  Ikea targets India, China expansion to meet sales growth aim
Ø  Quikr acquires Stayglad for undisclosed amount
Financial Express               
Ø  Over 70 % newly-listed cos give smart returns to investors
Ø  Tata Steel Kalinganagar plant generates 17K job opportunities
Ø  Mukesh Ambani-owned Rel Ind biggest defaulter of MMRDA
Ø  Government working to address call drop issue: Minister
Ø  RJio counters Airtel's claim of 'tsunami of free traffic'

Financial Chronicle
Ø  Goldman uses retail deposits for WS-style profits
Ø  Oil falls on US drilling, shrugs off upbeat China data
Ø  AUM of gold ETFs stagnant despite price rise
Ø  ONGC seeks exemption from paying oil subsidy
Ø  Railways to save Rs 10,000 cr after budget merger

Reliance Power

Cons Net Profit At Rs.340.5 Cr Vs CNBC-TV18 Poll Of Rs.321 Cr

Cons Total Income At Rs.2,678.7 Cr Vs CNBC-TV18 Poll Of Rs.2,845 Cr

NIFTY BANK VIEW:

Nifty bank (20245)

Nifty bank too has short term support around 19900..19800 if breaks, can show 19300..19000 zone.

Resistance lies around 20500..20900

NIFTY VIEW:

Nifty 50 (8866)

Nifty has closed below 8900 and with an inverted hammer so some cooling down can be seen. 

Short term support is 8800..8700 if holds here can bounce back and if maintains above 8900 on closing basis for the uptrend to resume.

Positional support is still 8460..8440 zone.

Resistance is 9000..9140..

World Markets Update

SGXNifty: 8760 (-147)
DJ: 18085 (-394)
NASDAQ 5125 (-133)
FTSE: 6776 (-81)
HANGSENG : 23513 (-586)
NIKKEI: 16708 (-133)

Fno ban :
CENTURYTEXT 
IBREALEST 
JINDALSTEL
JISLJALEQS
KSCL
RCOM

Business Standard

Ø  Foreign investors feel tremors of GAAR

Ø  Citi, M Stanley to manage stake sale in SUUTI cos

Ø  EPF may get 8.6 per cent interest in 2016-17

Ø  Raghuram Rajan took many steps to put banking system in right direction: President

Ø  EU/IMF rift on Greek debt is hurting country: Tsipras

Ø Government wants PSBs to take equity route



Ø  Fin Ministry revises criteria for recapitalisation of PSU banks

Ø  FPIs infuse $1 bn in capital markets in Sept

Ø  December CPI reading likely to be sub-4%: SBI Research

Ø  NSE to permit collateral transfer from September 19

Ø  Gujarat plant to help Maruti achieve 50% market share

Ø  Voda-BSNL 2G intra-circle roaming pact to tackle call drops

Ø  Soaring losses may queer Tata Tele's spectrum pitch

Business Line

Ø  Equities ‘will yield better returns’ than bonds, gold 

Ø  Solar power industry yet to feel the heat of low tariffs

Ø  Automobile industry co-opts EY to drive skill development

Ø  India-US economic summit from Sept 14

Ø  Kharif sowing till date 4.2 per cent higher than last year

Mint

Ø  COAI terms tiff with TRAI as ‘unfortunate misunderstanding’

Ø  New lending norms may nudge banks towards retail loans: Arundhati Bhattacharya

Ø  DLF to invest Rs500 crore on developing IT park in Chennai

Ø  Vedanta shareholders approve merger plan with Cairn India

Financial Express               

Ø  Funds mop-up via QIPs slumps 90% in Q1

Ø  Global markets being jolted by systematic funds



Financial Chronicle

Ø  CBEC to be renamed as CBIT under GST regime

Ø  Direct selling companies barred from charging entry fee

Ø  Cotton stocks come down as supply pressure increases

Ø  Three IPOs to hit markets in Sep to raise Rs 7,000-cr