Economic Times

Business Standard

Ø  Rs 6.78L cr remonetised, Rs 9.1L cr in circulation: Govt

Ø  Government draws up plan to phase out old vehicles

Ø  Voda-Idea merger to create Rs 80K cr firm: Ind-Ra

Ø  Govt allows people to deposit unaccounted cash under amnesty scheme in two parts

Ø  US last year trade deficit at highest since 2012

Ø  'Provided adequate POIs, Jio unable to use capacity'

Ø  'CAs to pay fine of Rs 10K for filing incorrect info'



Ø  Infosys founders raise a stink on governance

Ø  Drought in Kenya to boost Indian tea prices

Ø  Model GST law to be finalised by this month end: CBEC Member

Ø  Tata Steel back in black, logs Q3 profit at Rs 231 crore

Ø  BHEL Q3 net profit at Rs 93-cr; announces 40% interim dividend

Ø  Central Registrar notice to Sahara multi-state cooperatives

Ø  IDBI Bank reports Rs 2,255 crore Q3 net loss

Business Line



Mint

Ø  Economists expect RBI to cut repo rate by 25 bps

Ø  Timing for demonetisation was perfect: PM Modi

Ø  High Court orders winding up of UB Holdings

Ø  2016 tea output at record high despite fall in South

Ø  ICRA board to consider share buyback proposal 

Ø  HDIL to launch budget homes in Mumbai Metropolitan Region



Ø  IDFC Bank buys 5% stake in IIFL Holdings for Rs502 crore

Ø  Lok Sabha passes bill to ensure wage payments through e-transfer, cheques

Ø  Air India may be listed on exchanges with banks holding strategic stake

Ø  Grofers sets up seller structure similar to Flipkart’s to comply with FDI norms

Financial Express



Financial Chronicle

Ø  IndiGo hold talks with BCAS over security training licence

Ø  Reliance Jio impact: Vodafone-Idea merger to create Rs 80,000 cr revenue firm, says India Ratings

Ø  Domestic M&A deals to jump nearly three times to over $49 billion by the turn of 2019, says report

Ø  Titan Q3 net up 13% at Rs 255.75 crore



Ø  SUUTI holdings straddle 51 firms

Ø  4 more advance pricing pacts with taxpayers signed

Ø  Govt to discuss US visa restrictions with IT industry

Ø  Spear Logistics to invest Rs 300 cr over three years

Ø  Gems & jewellery exporters exploring new finance avenues

NHPC Q3

Net Profit At Rs 214.7 Cr Vs CNBC-TV18 Poll Of Rs 312 Cr, 

Total Income At Rs 1,308.6 Cr Vs Poll Of Rs 1,300 Cr

EBITDA At Rs 624.4 Cr Vs CNBC-TV18 Poll Of Rs 719 Cr, 

EBITDA Margin At 47.7% Vs CNBC-TV18 Poll Of 55%

Board Approves Share Buyback Of Up To Rs 2,616.6 Cr At A Price Of Rs 32.25/Sh

Tata Steel Q3

Cons Net Profit At Rs 232 Cr Vs CNBC-TV18 Poll Of Rs 100 Cr; 

Cons Total Income At Rs 29,391 Cr Vs Poll Of Rs 29,000 Cr

Cons EBITDA At Rs 3,539 Cr Vs Rs 838.3 Cr; 

EBITDA Margin At 12% Vs 3.2% (YoY)

Cons India Revenue Up 39% At Rs 14,106 Cr Vs Rs 10,145 Cr; 

Europe Revenue Down 6.3% At Rs 12,537 Cr Vs Rs 13,374 Cr (YoY)

Titan Q3

Net Profit At Rs 255.7 Cr Vs Poll Of Rs 225.1 Cr 

Total Income At Rs 3,926 Cr Vs Poll Of Rs 3,633.9 Cr

EBITDA At Rs 373.5 Cr Vs Poll Of Rs 332 Cr

EBITDA Margin At 9.51% Vs Poll Of 9%

Watches: Sales Up 5.1% At  Rs 508.3 Cr Vs Rs 483.8 Cr;

EBIT Up 63.3% At Rs 52.9 Cr Vs Rs 32.4 Cr (YoY)

Jewellery Sales Up 15.4% At  Rs 3,255 Cr Vs Rs 2,820 Cr;

Jewellery EBIT Up 15.2% At Rs 334.3 Cr Vs Rs 290.3 Cr (YoY)

United Bk Q3

Net Profit At Rs 64.1 Cr Vs Rs 17 Cr (YoY)

Gross NPA At 15.98% Vs 16.26% 

Net NPA At 10.62% Vs 11.19% (QoQ)

NII Down 40.6% At Rs 361 Cr (YoY);

Provisions At Rs 1,380.9 Cr Vs Rs 401 Cr (QoQ); Vs Rs 222.5 Cr (YoY)

Tax Credit At Rs 122.5 Cr Vs Tax Credit Of Rs 4.8 Cr (YoY)

BHEL Q3

Cons PAT at Rs 93.5 cr vs loss of Rs 1,085 cr YoY.

Cons sales at Rs 6,187.5 cr vs Rs 5,232 cr YoY

EBITDA At Rs 224 Cr Vs EBITDA Loss Of Rs 1,612 Cr

Power Biz EBIT At Rs 590 Cr Vs EBIT Loss Of Rs 1,164 Cr

IDBI Bank Q3

Net Loss At Rs 2,255 Cr Vs Loss Of Rs 2,184 Cr (YoY);

Gross NPA At 15.2% Vs 13.1%,

Net NPA At 9.6% Vs 8.3% QoQ

PNB Q3

Net Profit At Rs 207 Cr Vs CNBC-TV18 Poll Of Rs 606 Cr

Gross NPA At 13.7% Vs 13.63% 

Net NPA At 9.09% Vs 9.1% (QoQ)

Prov At Rs 2936 Cr Vs Rs 2534 Cr (QoQ);Rs 3,775 Cr YoY

Hexaware Q4: (QoQ)

PAT Up 9% At Rs 121.5 Cr;

Revenue Up 4.1% At Rs 941 Cr;

EBIT Up 3.4% At Rs 148.3 Cr; 

Margin At 15.7% Vs 15.8%

NIFTY BANK VIEW

Nifty Bank (20371)

Nifty bank has made an inverted hammer with a gap up candle and flag breakout pattern.

If trades above 20470 can show 20540..20700 

With support of 20200.

If breaks 20200 can show 20000.

NIFTY 50 VIEW:

Nifty 50 (8801)

Nifty has given a gap up opening and closed with the gap maintained forming a spinning top candle.

If nifty gives a gap opening tomorrow above 8820 it can show good move to 8840...8880..8900...8920.

If it shows a gap down opening below 8760 selling pattern can be active and it can slide down to 8700.. 8630..8600.

Market Update

Sgx Nifty -6 pts
‎Dow -19.04 pts ,Nsdq -3.21 pts , S&P-4.86 pts , Bovespa -961 pts , Ftse -16 pts  , Dax -141 pts  , Cac -47 pts , Nikkei  -124 pts now , Crude @ $53.17 brl (+0.08), Brent @ $55.8i brl (+0.02) , Gold @ $1235.50 (-1.75), Silver @ $17.492 (-0.01), Euro @ $1.0745, JPY @ $111.8200, INR @ $67.205



Today's Corporate Action
7th Feb  Ex Date



ADVANIHOTR
Interim Dividend - Rs. - 0.4000
DAAWAT
Stock  Split From Rs.10/- to Rs.1/-
GRANULES
Interim Dividend - Rs. - 0.2500
IMPAL
Interim Dividend - Rs. - 5.0000
INDNIPPON
Interim Dividend - Rs. - 4.0000
KKCL
Interim Dividend - Rs. - 8.5000
ONGC
Interim Dividend - Rs. - 2.2500
TCIEXP
Interim Dividend - Rs. - 0.8000
WENDT
Interim Dividend - Rs. - 10.0000





Today's Key Result
7th Feb



Bhel (19 cr -82% qoq Res-During Mkt)
Tata Steel(Cons 229 cr Res-Afrer Mkt)
Accelya Kale,Action Construction,Ballarpur  Inds,Bayer Crop,Bf Utilities,Blue Dart,Cambridge Tech,Ceat,Dhunseri Petro,Dion Global,EID Parry,Ester Inds, Future Retail,Gati Ltd,Gillete India,Global Offshore,Gmdc,Hexaware Tech,Idbi Bank,Jindal Stainless,Jubilant Life,Kopran, LG Bala,Mrpl,NHPC,Pnb,Rajesh Export, Ramco Cement,Snowman Logistics,Titan,Wpil
Srcs-Est Cogencis



Today's Data Alert



Feb 7: Secretary of Department of Health Research Swaminathan to preside
over the Eliminate Dengue Program Collaboration Agreement. 1100 IST. New
Delhi.

Feb 7: TERM REPO: 14-day variable rate term repo for 205 bln rupees. Bids to be submitted between 1100 and 1130 





Today's Global Data



Feb 7: US Philadelphia Federal Reserve president Harker to speak; 0230 IST

Feb 7: Japan Jan international reserves and foreign currency data

Feb 7: Japan Dec business conditions index; 1030 IST

Feb 7: Germany Dec industrial production index; 1230 IST

Feb 7: France Dec balance of payments; 1315 IST

Feb 7: UK Jan Dec Halifax house price index; 1400 IST

Feb 7: US Retail Economist/Goldman Sachs chain store sales index for week
ended Feb 4; 1815 IST

Feb 7: US Dec international trade data; 1900 IST

Feb 7: US Johnson Redbook retail sales index for week ended Feb 4; 1925 IST

Feb 7: US Dec labour turnover survey; 2030 IST

Feb 7: US Feb IBD/TIPP economic optimism index; 2030 IST

Business Standard

Ø  ETF may include PSB shares, govt holding in pvt firms

Ø  Trai gets earful from telecom panel for penalty call

Ø  Note ban is for losers: American economist 

Ø  Bharti infratel’s stake-sale talks hit a valuation bump

Ø  IDBI officials relaxed loan rules for KFA: CBI

Ø  Diageo may need open offer for USL shareholders

Ø  SC attaches Sahara's Rs 39-k cr Aamby Valley

Ø  Tata Sons removes Cyrus Mistry from board of directors

Ø  Slow notification impacts bankruptcy code

Ø  Vodafone, Idea merger plans leave Tata Tele in a fix

Ø  Digital payment volumes down 10%: RBI data

Ø  Sebi board to discuss NSE 'unfair access' issue

Business Line


Mint

Ø  Qatar Holding agrees to invest $250 million in ArthVeda’s fund

Ø  ‘Budget has factored in global challenges’

Ø  Mutual funds see record inflows; assets cross landmark

Ø  Tata Power Solar ships 1 GW modules to 10 nations

Ø  ‘Budget focus is on consolidating schemes, investing in infra’

Ø  Cash deposits up to Rs2.5 lakh will not be questioned: CBDT

Ø  Government expenditure as a share of GDP shrinks

Ø  Toyota, Suzuki explore global tie-up with India in sight

Ø  Idea Cellular looks to sell tower business in two separate deals

Ø  IDFC Alternatives looks to exit Mytrah Energy

Financial Express


Financial Chronicle

Ø  Qatar Petroleum boss says Donald Trump 'very positive' for oil

Ø  EPFO Unions oppose capping EPFO trustee terms to two

Ø  Government to issue exemption list on new tax for unlisted firms

Ø  Govt to discuss us visa restrictions with IT industry

Ø  HDFC MF plans new cancer fund from March

Ø  Power Min crosses milestone of electrifying 12,000 villages

Ø  Bank's can't escape responsibility of NPAs: Rangarajan

Ø  Rubber prices under pressure on rising output, falling utilisation

Jubilant Food Q3

Net Profit At Rs 20 Cr Vs CNBC-TV18 Poll Of Rs 17.4 Cr, 

Income At Rs 659 Cr Vs Poll Of Rs 652.8 Cr

Same store sales Growth At -3.3% Vs CNBCTV18 Poll Of -5 To -6%

NIFTY BANK VIEW:

[20196]

NIFTY BANK IS HEADING TOWARDS 20360-20470-20580 LEVELS.

SUPPORT AREA FOR THE DAY LIES AROUND 20080-20060

NIFTY VIEW:

Nifty 50 (8740)

Nifty is in a rally mode it can open gap up as sgx nifty is indicating +36.

Above 8740..8760 zone it can show 8880 soon.

Below 8680 it can cool down to 8626 ..8600 levels.

Business Standard

Ø  Vodafone deal may require Birlas to pump Rs 25,150 crore into Idea

Ø  Fitch, S&P several notches behind India's reality: S Das

Ø  FPIs get back to buying mode, pump in Rs 2,300 cr

Ø Micromax sets up $75 mn fund to invest in companies

Ø  'Biz environment becoming challenge for steel sector'

Ø  Tax dept scans 1-cr accounts under 'Op Clean Money'

Ø  Coal shortage woes cost NTPC Rs 11,000 cr

Ø  Blackstone to buy $250-mn stake in Raheja rental arm

Ø  Tata slips from top 100 global brands list

Ø  Penalty of equal amount for receiving cash over Rs 3 lakh: Hasmukh Adhia

Ø  JSW looking to invest in LNG terminal

Ø  Piramal in JV talks with CDPQ arm for PE fund

Ø  Visa holders rush to board flights to US amid reprieve

Ø  Top 7 cos bunch up Rs 51,613 cr in m-cap, ITC runs up most

Business Line


Mint

Ø  Budget bonanza may not save the day for rural job scheme

Ø  Bogus long-term capital gains by shell cos at Rs 80K cr: CBDT

Ø  Divi's Lab posts Q3 net at Rs 268.32 cr

Ø  Sun Pharma recalls 2.7 lakh bottles of antidepressant in US

Ø  Tyre industry unhappywith Budget proposals

Ø  Cochin Shipyard talks to buy ABG, Shapoorji backs out

Ø  PSU disinvestments to touch Rs45,000 crore in FY17:  Jaitley

Ø  Central Bank of India Q3 loss narrows to Rs605.70 crore

Ø  PNB to help India Post Payments Bank set up pilot branches

Ø  Amazon likely to ramp up investments in India, despite drag on profits

Financial Express


Financial Chronicle

Ø  FIPB phase out mechanism to be ready in couple of months: Shaktikanta Das

Ø  Fibre imports from 4 nations including China and Malaysia in anti-dumping duty crosshairs

Ø  Noida ponzi scam: ED registers PMLA case, conducts raids in UP

Ø  RBI likely to maintain status quo on Feb 8

Ø  MFs file papers with Sebi for 12 new offerings so far in 2017

Ø  Hemmed in by NPAs, poor demand, Exim Bank stares at muted year

Ø  Compact UVs drive PV sales as demand drops for cars: Ind-Ra

Market Update

Sgx Nifty +35 pts
‎Dow 186.55 pts ,Nsdq +30.57 pts , S&P+16.57 pts , Bovespa +375 pts , Ftse +47 pts  , Dax +23 pts  , Cac +30 pts , Nikkei  +24 pts now , Crude @ $53.87 brl (+0.01), Brent @ $56.85 brl (+0.05) , Gold @ $1222.05 (+0.20), Silver @ $17.492 (-0.01), Euro @ $1.0784, JPY @ $112.6100, INR @ $67.150

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.4518%

Today's Corporate Action
6th Feb  Ex Date

CHOLAINV
Interim Dividend - Rs. - 3.5000
GODREJCP
Interim Dividend - Rs. - 1.0000
SHREECEM
Special Dividend - Rs. - 100.0000

Today's Key Result
6th Feb

Àarti Inds,Automotive Axles,Banco Prod,Caplin Point,Dai Chi Kar,Deep Inds,Guj Gas,Gspl,Lmw,Marksans Pharm,Max Vent,Meghmani Org,Oudh Sug,Titagarh Wag,Tube Inv,Upper Ganges,Vst Tillers,West Coast Paper, Zen Tech
Srcs-Est Cogencis

Today's Data Alert

Feb 6: Union Minister for Petroleum and Natural Gas Pradhan to flag off PCRA
Cylothon. 0730 IST, New Delhi

Feb 6: Commerce and Industry Minister Nirmala Sitharaman to address media on
Budget proposals. 1500 IST, New Delhi.

Feb 6: Minister for Information and Broadcasting Naidu to release annual
yearbook India 2017. Junior Minister Rathore to be present. 1600 IST,
 New Delhi

Feb 6: Union Minister for Petroleum and Natural Gas Pradhan to be present at
Asia LPG Summit. 1800 IST, New Delhi.

ACC Q4

Cons Net Profit At Rs 56 Cr Vs CNBC-TV18 Poll Of Rs 58 Cr, 

Cons Total Income At Rs 2,734.3 Cr Vs CNBC-TV18 Poll Of Rs 2,615 Cr

Cement Sales Volume Down 9.2% At 5.45 MT Vs 6 MT (YoY)

Concrete Sales Volume Up 13.6% At 0.67 MT Vs 0.59 MT (YoY),

Cons EBITDA At Rs 255.8 Cr Vs CNBC-TV18 Poll Of Rs 204 Cr, 


Cons EBITDA Margin At 9.4% Vs CNBC-TV18 Poll Of 7.8%

Ajmera Realty

Cons Net Profit At Rs 23 Cr Vs Rs 8.3 Cr; 

Cons Total Income Up 15.9% At Rs 83.1 Cr Vs Rs 71.7 Cr (YoY) 

EBITDA Up 95.3% At Rs 40.1 Cr Vs Rs 20.5 Cr; 

EBITDA Margin At 48.2% Vs 28.6% (YoY)

Strides Shasun

Net Profit At Rs 187.3 Cr Vs Rs 58.9 Cr; 

Cons Total Income Up 7.7% At Rs 934 Cr Vs Rs 867.5 Cr (YoY)

Net Gain On Discontinued Biz At Rs 113.1 Cr Vs Rs 12.6 Cr (YoY)

Cons EBITDA Up 29.8% At Rs 198 Cr Vs Rs 152.3 Cr; 

Cons EBITDA Margin At 21.2% Vs 17.6% (YoY)

Torrent Pharma Q3

Net Profit At Rs 229 Cr Vs CNBC-TV18 Poll Of Rs 213 Cr; 

Total Income At Rs 1,443 Cr Vs CNBC-TV18 Poll Of Rs 1,451 Cr

EBITDA At Rs 316 Cr Vs CNBC-TV18 Poll Of Rs 344.1 Cr; 

EBITDA Margin At 21.9% Vs CNBC-TV18 Poll Of 23.7%

MRF

Net Profit Down 30.7% At Rs 288.1 Cr Vs Rs 415.6 Cr; 

Total Income Down 1.1% At Rs 3,533 Cr Vs Rs 3,572 Cr (YoY)

EBITDA Down 24.1% At Rs 566.3 Cr Vs Rs 746.1 Cr; 

EBITDA Margin At 16% Vs 20.9% (YoY)

Board Approves Raising Up To Rs 500 Cr Via NCDs

PVR

Cons Net Profit At Rs 23.9 Cr Vs CNBC-TV18 Poll Of Rs 27.2 Cr; 

Income At Rs 537.7 Cr Vs CNBC-TV18 Poll Of Rs 526 Cr

EBITDA At Rs 89 Cr Vs CNBC-TV18 Poll Of Rs 86.5 Cr; 

EBITDA Margin At 16.5% Vs CNBC-TV18 Poll Of 17%

NIFTY 50 VIEW

Nifty 50 

Nifty today also continued to trade upwards made a high of 8757 ended the day with a neutral kind of doji.

Now if trades above 8740 will catch uptrend again.

If trades below 8730 can slide to 8690-8670

NIFTY BANK VIEW

Nifty Bank (20018)

Nifty bank has given a neutral close if breaks 19900.19800 can slide to 19500..19400. 

Strong support lies @ 19300.

If trades above 20050..20200 can show 20400..20500.

Economic Times

Business Standard

Ø  Stop sending Indians to US, start hiring locals: Murthy

Ø  Idea-Voda will need to dispose of Rs 18K cr spectrum

Ø  GAAR, POEM to come into effect from April 1: Govt

Ø  Reliance Jio tariffs in line with regulations: TRAI

Ø  'Infra status to housing sector to make buyers king'

Ø  India sees highest domestic air traffic growth in 2016

Ø  Jio, note ban pull Voda India revenue 4.7% to Rs 10,556cr



Ø  Tax axe on firms with foreign debt

Ø  RBI issues draft guidelines on interest rate risk management

Ø   India Inc jittery as tax officials get more power

Ø  S&P challenges Arvind Subramanian's 'inconsistent' standards remark

Ø  Tax on non-STT deals worries market

Ø  Deutsche Bank lags behind Wall Street with big quarterly loss of $2.1 bn

Business Line



Mint

Ø  Taxpayers have to e-verify deposits post note ban

Ø  Govt looks to raise Rs 11,000 cr from listing of insurers

Ø  Government banks on inbound tourism to generate jobs

Ø  IL&FS Engineering bags contracts worth ₹515 cr in Bengal

Ø  25 bps repo rate cut more likely in April than Feb: Citigroup

Ø  Close all Mallya positions in F&O, SEBI tells brokers 



Ø  Arun Jaitley shows the way for PSU reforms in Budget 2017

Ø  Apple close to setting up manufacturing plant in Bengaluru

Ø  H1B visas: Indian IT firms to plead case before Trump administration officials

Ø  Vijaya Bank Q3 profit rises fourfold to Rs230 crore

Ø  Cyrus Mistry moves NCLAT against Tata Sons shareholder meet on 6 Feb

Financial Express



Financial Chronicle

Ø  Labour Ministry seeks early passage of Amendment Bill to Wages Act

Ø  Govt wasted opportunity to push through bold reforms: P Chidambaram

Ø  Reliance Jio carries 90% data traffic in India, but trails Airtel in 4G speeds, says Credit Suisse

Ø  Donald Trump’s protectionist policies to impact India, says FM Arun Jaitley



Ø  BSE to start trading on NSE from today

Ø  'Portfolio managers can keep client funds in separate a/c'

Ø  TVS Motor sales dip marginally to 2,07,059 units in Jan

Ø  Political parties must file ITR by Dec or lose exemption: Govt

Ø  Ashok Leyland opens new assembly plant in Bangladesh

Ø  Marans discharged in Aircel-Maxis cases

Market Update

Sgx Nifty +16 pts
‎Dow -6.03 pts ,Nsdq -6.45 pts , S&P+1.30 pts , Bovespa -267 pts , Ftse +33 pts  , Dax -31 pts  , Cac +2 pts , Nikkei  +123 pts now , Crude @ $53.86 brl (+0.20), Brent @ $56.76 brl (+0.04) , Gold @ $1212.65 (-0.85), Silver @ $17.44 (-0.04), Euro @ $1.0760, JPY @ $112.i400, INR @ $67.285


Today's Corporate Action
3rd Feb  Ex Date

AMBITION
Bonus issue 1:2


Today's Key Result
3rd Feb


ACC (Cons 71 cr -30% Yoy Res-During Mkt)
Aban Offshore,Abfrl,Adlab Ent,Batliboi, Care,Dalmia Bharat,Excel Inds,Fdc,Fact, Gokaldas Exp,Gulf Oil,Intellect Design,Indian Hotel,Jet Airways,Mayur Uniquoter,Mcleod Russell,,Nirlon,Sonata Soft,Torrent Pharma,Ttk Health,Ugar Sugar
Srcs-Est Cogencis


Today's Global Data


Feb 3: US Securities and Exchange Commission Closed Meeting; 0030 IST

Feb 3: US Federal Discount Window Borrowings; 0300 IST

Feb 3: US Foreign Central Bank Holdings; 0300 IST

Feb 3: US Money Stock Measures; 0300 IST

Feb 3: Bank of Japan Monetary Policy Meeting Minutes; 0520 IST

Feb 3: Japan Jan Services purchasing managers' index; 0600 IST

Feb 3: Germany Services purchasing managers' index; 1425 IST

Feb 3: EU Jan Eurozone Services purchasing managers' index; 1430 IST

Feb 3: UK Jan Official Reserves; 1500 IST

Feb 3: UK Jan Chartered Institute of Procurement and Supply / Markit
Services Purchasing managers' index; 1500 IST

Feb 3: European Union Dec Retail Trade; 1530 IST

Feb 3: US Jan Employment Report; 1900 IST

Feb 3: US Federal Reserve Bank of Chicago President Charles Evans speaks at Prairie State College's Annual Economic Forecast Breakfast; 1945 IST

Feb 3: US Jan Services purchasing managers' index; 2015 IST

Feb 3: US Dec Manufacturers' Shipments, Inventories and Orders; 2030 IST

Feb 3: US Jan Institute for Supply Management's Non-Manufacturing Report onBusiness; 2030 IST

Feb 3: US Jan Global Services purchasing managers' index; 2130 IST

Feb 3: EU summit in Malta to see 27 members gather without UK

NIFTY VIEW

Nifty 50 (8716)

Nifty yesterday as we mentioned if it has to go up will not maintain below 8540 it made a low of 8537 and bounced back to catch its uptrend and budget rally.
It has given a flag breakout pattern which can lead nifty to 9000 near its all time high with the support of 8500..8540 zone. 

Business Standard

Ø  Govt to build 2 crude oil storages in Odisha, Rajasthan

Ø  Global uncertainty to impact emerging economies: FM

Ø  Tax rate for lowest income slab slashed to 5% 

Ø  PE funds, Esops face STT googly on unlisted shares

Ø  Govt halves revenue estimate from telecom

Ø  5% TDS on rent over Rs 50k a mnth proposed in budget

Ø  Govt aims to bring 1 cr families out of poverty by 2019

Ø  Factory activity returns to modest growth in January: Nikkei PMI

Ø  US Fed holds interest rates steady, remains upbeat on economy

Ø  Maruti Suzuki India sales jump 27.1% to 1,44,396 units in January

Ø  Ponzi scheme frauds to be curbed with new law soon

Ø  Govt to reduce time for revising tax return to 12 months

Ø  Centre lifts subsidy on distribution of sugar via PDS, onus now on states

Business Line


Mint

Ø  Gujarat top beneficiary of LNG customs duty cut 

Ø  Start-ups can avail of 3-year tax holiday in a block of 7 years

Ø  Only 76 lakh Indians showed income of over Rs 5 lakh: Jaitley

Ø  Record Rs 3.96 lakh cr allocation for infrastructure to spur growth

Ø  Tata Motors sales dip 1% to 46,349 units in January 

Ø  OFC of 1,55,000 km laid under BharatNet project

Ø  RBI says it hasn’t authorised use of Bitcoins, flags risks

Ø  Union Budget 2017 gives clues about currency notes deposited back in banks

Ø  Budget 2017: Arun Jaitley proposes plan to merge state firms to create global oil major

Ø  Union Budget 2017: Relief from indirect transfer provisions for foreign investors

Ø  Apple weighs legal action on Donald Trump’s immigration order, says report

Financial Express


Financial Chronicle

Ø  Union Budget 2017: Auto, PSU stocks gain ahead of Budget boost to rural incomes

Ø  Government to amend Negotiable Instrument Act to deal with cheque bounce cases

Ø  ‘Encouraging lower and middle class to invest in insurance, mutual funds, fixed deposits’

Ø  Union Budget 2017: Tax incentives to corporates to cost Rs 83,492 cr in FY17

Ø  Stock markets hail Budget, Sensex rallies 486 points

Ø  Budget to have positive impact on job market: Experts

Ø  Govt waives basic custom duty on nickel

Ø  Govt to phase out tax sops on Rajiv Gandhi Equity Scheme

Ø  Fiscal deficit to be contained at 3.2% in FY18: Jaitley

Market Update

Sgx Nifty -36 pts
‎Dow +26.85 pts ,Nsdq +27.86 pts , S&P+0.68 pts , Bovespa +165 pts , Ftse +8 pts  , Dax +124 pts  , Cac +36 pts , Nikkei  -51  pts now , Crude @ $53.53 brl (-0.35), Brent @ $56.59 brl (0.00) , Gold @ $1214.9t (+6.65), Silver @ $17.61 (+0.16), Euro @ $1.0779, JPY @ $113.0200, INR @ $67.377

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.4717%

Today's Corporate Action
2nd Feb  Ex Date

ASHOKA
Interim Dividend - Rs. - 0.8000
BEL
Interim Dividend - Rs. - 3.0000
GAIL
Interim Dividend - Rs. - 8.5000
GANDHITUBE
Interim Dividend - Rs. - 9.0000
IIFL
Interim Dividend - Rs. - 4.5000
IRB
Interim Dividend - Rs. - 2.0000
JMFINANCIL
Interim Dividend - Rs. - 0.6500
KALLAM
Stock  Split From Rs.10/- to Rs.2/-
KDML
Stock  Split From Rs.10/- to Rs.5/-
RASOI
Consolidation of Shares 
RML
Interim Dividend - Rs. - 2.0000
SELLAID
Reduction of Capital 
VRLLOG
Interim Dividend - Rs. - 4.0000
WIPRO
Interim Dividend - Rs. - 2.0000
ZENSARTECH
Interim Dividend - Rs. - 5.0000


Today's Key Result
2nd Feb

Astrazeneka Pharma,Atlas Cycle,Dolphin Off,Dr Lal Lab,Electro Steel,Excel Crop,Gabriel,Ge Power,Globus Spirit,Godfrey Phillips,Glenmark Pharma,Godrej Prop,HCC,Hsil,Marico, Seamec,Sical Logistics,Sqs India,Sundaram Fast,Timken Ind,Vijaya Bank,Zf Steering. 
Srcs-Est Cogencis


Today's Data Alert


Feb 2: Minister Gangwar, Revenue Secretary Adhia, CBEC Chairman Shah and
CBDTChairman Chandra to attend ICAI Conclave on Union Budget. 1500 IST, New Delhi.


Today's Global Data


Feb 2: US Interest rate decision; 0030 IST

Feb 2: US Jan Domestic Auto Industry Sales; 0230 IST

Feb 2: Japan Jan Monetary base; 0520 IST

Feb 2: UK Confederation of British Industry's small and medium-sized
 enterprises Trends Survey for Jan-Mar quarter; 0531 IST

Feb 2: Japan Jan Consumer Confidence Survey; 1030 IST

Feb 2: European Central Bank Economic Bulletin; 1430 IST

Feb 2: UK Jan Chartered Institute of Procurement and Supply / Markit Construction purchasing managers' index; 1500 IST

Feb 2: European Union Dec producer price index; 1500 IST

Feb 2: UK Bank of England inflation report; 1730 IST

Feb 2: UK Bank of England MPC meeting minutes; 1730 IST

Feb 2: UK interest rate decision; 1730 IST

Feb 2: US Jan Challenger Job-Cut Report; 1800 IST

Feb 2: US Weekly Export Sales; 1900 IST

Feb 2: US Preliminary Productivity & Costs for Oct-Dec quarter; 1900 IST

Feb 2: US Unemployment Insurance Weekly Claims Report - Initial Claims for
week  ended Jan 28; 1900 IST

Feb 2: US Jan Institute for Supply Management New York's Report on Business; 2015 IST

Feb 2: US Bloomberg Consumer Comfort Index; 2015 IST

Feb 2: US EIA Natural Gas Storage Report for week ended Jan 27; 2100 IST

Feb 2: US Jan Retail Chain Store Sales Index; 2230 IST

Apollo Tyres Q3

Cons Net Profit At Rs 295.7 Cr Vs Rs 279 Cr (YoY), 

Total Income At Rs 3,703.7 Cr Vs Rs 3,203.3 Cr (YoY)

Eicher Motors Q3

Cons Profit Up 50% At Rs 418.2 Cr Vs Rs 278.7 Cr (YoY), 

Income Up 42.6% At Rs 2,071.4 Cr Vs Rs 1,452 Cr YoY 

EBITDA At Rs 577 Cr Vs CNBC-TV18 Poll Of Rs 576 Cr, 

EBITDA Margin At 31.45% Vs Poll Of 31.2%

NIFTY BANK VIEW

Nifty bank  (19515)

Nifty bank had made two tweezer tops yesterday which is today followed by a neutral doji.

If nifty bank trades below 19400 it can slide to 19000..18900.

If manages to trade above 19550 it can catch its uptrend to show 19700++.

NIFTY 50 VIEW

Nifty 50 (8561)

Nifty can show both side move as the govt will announce the annual budget.

The positional trend is up with the support of 8270..8300 but the short term trend has made a bearish engulfing with a bearish pattern of M in short term charts.

If nifty trades below 8500..8540 zone it can slide to 8420 ..8390 zone.

If holds 8540..8500 zone it can bounce back to 8600..8640 zone.

Market Update:

Sgx Nifty +38 pts
‎Dow -107.04 pts ,Nsdq +1.07 pts , S&P-2.03 pts , Bovespa +369 pts , Ftse -1o pts  , Dax -146 pts  , Cac -30 pts , Nikkei  +16 pts now , Crude @ $52.81 brl (+0.02), Brent @ $55.49 brl (-0.17) , Gold @ $1214.00 (+1.65), Silver @ $17.56 (-0.01), Euro @ $1.0802, JPY @ $112.7300, INR @ $67.510

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.4661%

Today's Corporate Action
1st Feb  Ex Date


GMM
Interim Dividend - Rs. - 0.7000
HCLTECH
Interim Dividend - Rs. - 6.0000
RBL
Interim Dividend - Rs. - 6.0000
ASHOKA
Interim Dividend - Rs. - 0.8000


Today's Key Result
1st Feb

Eicher Motor (Cons 428 cr +54% Yoy Res- During Mkt)
63 Moons Tech,Apar Inds,Appolo Tyres,Basf,Ccl Prod,Cummins Ind,Equitas Hold,Fin Tech,Grindwell Norton,Guj Pipavav,Hikal,Himatsingka Siede,Kaya Ltd,Majesco,Pidilite,Rpg Life,Renuka Sugar,Suven Life Science,Tata Global 
Srcs-Est Cogencis


Today's Data Alert


Feb 1: Budget for 2017-18 to be presented in Lok Sabha. 1100 IST.

Feb 1: Nikkei Manufacturing PMI for December, by IHS Markit. 1030 IST


Today's Global Data


Feb 1: US Jan Agricultural Prices; 0130 IST

Feb 1: US API Weekly Statistical Bulletin for week ended Jan 27; 0300 IST

Feb 1: UK National Institute Economic Review; 0531 IST

Feb 1: UK Shop Price Index; 0531 IST

Feb 1: Japan Jan Manufacturing purchasing managers' index; 0600 IST

Feb 1: Japan Jan Auto sales; 1030 IST

Feb 1: UK Jan Nationwide House Price Index; 1230 IST

Feb 1: Germany Jan Manufacturing purchasing managers' index; 1425 IST

Feb 1: EU Jan Eurozone Manufacturing purchasing managers' index; 1430 IST

Feb 1: UK Jan CIPS / Markit Manufacturing purchasing managers' index; 1500
IST

Feb 1: UK Jan Narrow money (Notes & Coin) and reserve balances; 1500 IST

Feb 1: US MBA Mortgage Applications Survey for week ended Jan 27; 1730 IST

Feb 1: US Jan ADP National Employment Report; 1845 IST

Feb 1: US Department of the Treasury's quarterly refunding announcement;
1900IST

Feb 1: US Jan Manufacturing PMI; 2015 IST

Feb 1: US Dec Construction Spending - Construction Put in Place; 2030 IST

Feb 1: US Dec Metropolitan Area Employment & Unemployment; 2030 IST

Feb 1: US Jan Institute for Supply Management's Manufacturing Report on
 Business; 2030 IST

Feb 1: US Jan Online Help Wanted Index; 2030 IST

Feb 1: US Energy Information Administration Petroleum Status Report for week ended Jan 27; 2100 IST

Feb 1: US Jan Global Manufacturing purchasing managers' index; 2130 IST

Feb 1: US President Donald Trump due to meet Netanyahu at the White House early this month

Feb 1: IMF Managing Director Christine Lagarde concludes Africa visit

Feb 1: European Central Bank Governing Council non-monetary policy meeting

Business Standard

Ø  Eco Survey hints at demonetisation ‘windfall’ doles in Budget

Ø  Govt revises GDP growth to 7.9 per cent in 2015/16

Ø  Eco Survey backs 'salary for all' as ultimate poverty killer

Ø  New H-1B bill to make life tough for techies, IT cos 

Ø  Economic Survey calls rating agencies' bluff

Ø  Trump pushes drug makers for lower prices

Ø  'India need to watch global developments closely'

Ø  Arvind Panagariya pegs economic growth at 7- 7.5% in FY18

Ø  Fiscal deficit in April-December hits 94% of budget target

Ø  ONGC's December quarter net triples to Rs 4,352 crore

Ø  Eco Survey makes a strong case for Universal Basic Income

Ø  NCLT clears way for Tata Sons to hold EGM on Feb 6

Ø  ICICI Bank Q3 net falls 19% to Rs 2,442 cr; bad loans rise

Ø  IDFC net profit falls 43% to Rs 101 cr in Q3

Business Line


Mint

Ø  CBDT to send queries to 18 lakh taxpayers

Ø  Bajaj Auto Q3 net profit down 5.27% at Rs 976.82 cr

Ø  CPSE ETF’s second tranche lists on exchanges

Ø  Eco Survey: GDP growth seen lower at 6.75-7.5% in 2017-18

Ø  Note ban may delay banks’ asset quality recovery: Fitch

Ø  Better refinery margins boost Indian Oil net by 29%

Ø  RBI’s excess capital should fund PSU banks, ARC: Economic Survey 2017

Ø  Reform labour laws, give tax breaks to create jobs: Economic Survey 2017

Ø  PE investors buy stake in Centrum's forex business

Ø  Universal Basic Income ideal to tackle poverty, says Economic Survey 2017

Ø  Carbon credit-like system can curb cash usage

Ø  RBI governor’s appointment impacted Indian market: Economic Survey

Financial Express


Financial Chronicle

Ø  Full remonetisation of economy in 1-2 months: Arvind Subramanian

Ø  Firstsource Solutions signs 10-year deal with Sky

Ø  Sony takes $1 bln writedown on its movie business

Ø  Rs 2 lakh crore for development of highways in MP: Gadkari

Ø  Setback for Vijay Mallya, CBI to start the extradition process

Ø  Rail Budget to focus on safety, infra development

Ø  Note ban shaves off GDP growth rate by up to 0.5 pc in FY17

Ø  Look forward to pay hike similar to last year, report says

Ø  Creation of next-gen infra govt's top priority: Prez

Ø  Policy rationalisation needed to push exports

Ø  Iran slashes import duty on rice