NIFTY BANK VIEW

Nifty bank (20676)

Nifty bank is showing it has taken support @ 20500 zone and has bounced back.

Now if it trades above 20700..20730 zone it can show good momentum towards 20900.

Below 20500 it can slide to 20400..20300.

NIFTY 50 VIEW

Nifty 50 (8924)

Nifty is in the range of 8840...9000 break through this range will show further direction in nifty.

Still the cautious tops are active 8992..82..77

Close below 8860..8840 nifty can slip to 8800..8700.

Business Standard

Ø  SBI justifies penalty, says need money to bear Jan Dhan costs

Ø  CPSE stake sale: Govt wary of foreign investors

Ø  Reserve Bank opposes Tata move to pay Docomo

Ø  Our services are not for free: HDFC's Aditya Puri

Ø  Indian drug makers can export patented meds for approval: Delhi High Court

Ø  Paytm will now levy 2% fee when you top it up using your credit cards



Ø  Long wait for a shorter trade route to Russia ends

Ø  I-T dept lifts freeze on Cairn Energy payout, but bar on stake sale stays

Ø  Investors now trust India story: LSE

Ø  Steel exports shoot up 150% in February, imports decline 46%

Ø  Sebi relaxes restraint order in castor seed controversy

Ø  Note ban boost to digital payments continues: Study

Ø  Reliance Jio understated revenues, forex gains not included, says report


Mint

Ø  Industry body bats for universal basic income for women 

Ø  Mahindra Lifespace gets SEBI approval for Rs. 300-cr rights issue

Ø  Merc sales ‘back on track’ with Q1 growth

Ø  Groupe SEB India sees Tefal range heating up growth

Ø  Vedanta pledges to raise women board representation to 33%

Ø  Reliance MF’s CPSE ETF to open on Mar 14; to raise Rs. 2,500-cr



Ø  Digital payments decline as cash returns, shows RBI data

Ø  D-Mart IPO subscribed 1.36 times on Day 1

Ø  Paytm valuation near $5.9 billion as 3 investors sell stake to Alibaba

Ø  Glenmark gets USFDA nod to start phase-II clinical trials for respiratory drug

Ø  Instacart said to raise funds valuing start-up at $3.4 billion

Ø  Three Indian firms among the 50 most promising start-ups in the world


Financial Chronicle

Ø  H1B, employment based green card to be reformed: US Senator

Ø  US already in trade war: Commerce Secretary Wilbur Ross

Ø  Govt makes Aadhaar mandatory for crop insurance policies

Ø  Music Broadcast IPO subscribed by over 39 times on overwhelming interest in all categories

Ø  China grants preliminary approval to 38 new Trump trademarks


Ø  Sugar import at zero duty on the cards

Ø  Cement prices rise in north, dip in south

Ø  Govt lines up 9 rail PSUs for IPO

Ø  Adhere to spending cap in March: FinMin to ministries

Ø  Flipkart’s hedge fund boss is looking for $1.5b

Ø  Maruti to launch four new models in 2017-18

Market Update

Sgx Nifty -28 pts
‎Dow -9.03 pts ,Nsdq +3.62 pts , S&P -5.41 pts , Bovespa -1024 pts , Ftse -4 pts , Dax +1 pts  , Cac +5 pts , Nikkei  +59 pts now , Crude @ $50.33 brl (+0.13), Brent @ $53.17 brl (-0.01) , Gold @ 1208.65 (+0.60), Silver @ $17.28 (-0.00), Euro @ $1.0546, JPY @ $114.4000, INR @ $66.780

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.5615%


Today's Corporate Action
9th Mar  Ex Date


GAIL
Bonus issue 1:3
HARITASEAT
Interim Dividend - Rs. - 3.0000
HDFC
Interim Dividend - Rs. - 3.0000
KINGFA
Right Issue of Equity Shares  
NATIONALUM
Interim Dividend - Rs. - 2.8000
PHILIPCARB
Interim Dividend - Rs. - 6.0000
SOTL
Interim Dividend - Rs. - 13.5000
VIAANINDUS
Stock  Split From Rs.10/- to Rs.1/-
ZYDUSWELL
Interim Dividend - Rs. - 6.5000


Today's Data Alert 


Mar 9: Budget session to reconvene after recess.

Mar 9: Urban Development Minister Naidu, Railway Minister Prabhu, NTPC CMD Singh, and Power Joint Secretary Arora to address India Smart Grid
Week event. 0930 IST, New Delhi


Today's Global Data

Mar 9: Japan February money stock, broadly-defined liquidity; 0520 IST

Mar 9: UK February RICS residential market survey; 0531 IST

Mar 9: Japan February preliminary machine tool orders; 1130 IST

Mar 9: US February Challenger job-cut report; 1800 IST

Mar 9: European Central Bank interest rate announcement; 1815 IST

Mar 9: US February import & export price indexes; 1900 IST

Mar 9: US weekly export sales; 1900 IST

Mar 9: US unemployment insurance claims report for week ended Mar 4; 1900
IST

Mar 9: US Securities and Exchange Commission investor advisory committee
meeting; 1930 IST

Mar 9: US Oct-Dec quarterly services data; 2030 IST

Mar 9: US EIA natural gas storage report for week ended Mar 3; 2100 IST

Mar 9: US World Agricultural Supply and Demand Estimates; 2230 IST

Mar 9: Japan January provisional labour survey

Mar 9: UK Shadow Chancellor responds to Budget statement

Mar 9: European Union summit

NIFTY BANK VIEW

Nifty bank (20627)

Nifty bank if trades above 20730 it can rise to 21000.

Below 20580 it can slide to 20420.

NIFTY 50 VIEW

Nifty 50 (8946)

Nifty is trading near its previous tops of 8992..8982 

Yesterday it made high of 8977. 

Now though nifty is showing support signals but this zone is acting to be cautious zone 8960-9000. 

Cross over this zone nifty enters a new rally zone to 9100-9200.

Until then it can slide down to 8920-8910-8890 zones.

Business Standard

Ø  Funds to be ready for govt schemes from Apr 1: FM

Ø  Note ban hits cash stash of 11 billionaires, Ambani still richest

Ø  US trade deficit jumps to 5-year high of $48.5 billion

Ø  India top source of illegal medicines in Switzerland

Ø  Jasper's 'snap deal' with SoftBank may cut its valuation by half

Ø  Brookfield in talks with JP's power assets

Ø  FM-led panel to decide on labour codes today


Ø  India going big on refining capacity; may overtake Russia in capacity

Ø  No reason to doubt GDP data, says CII's Chandrajit Banerjee

Ø  I-T notices to 4,000 firms over unusual cash deposits

Ø  BSNL, MTNL merger plan back on discussion table

Ø  Rupee scales near 4-month high of Rs 66.67, up 4 paise

Ø  India announces new licensing policy to boost oil output

Ø  WikiLeaks publish thousands of what they say are CIA documents


Mint

Ø  SEBI may soon give green signal for ‘accredited investors’

Ø  Tata Motors in talks with Volkswagen for partnership

Ø  India open to investing in US energy market: Pradhan

Ø   OPaL in talks with Kuwait’s PIC for stake sale

Ø  MakeMyTrip, PayPal partner for hotel bookings

Ø  Cyient acquires US-based Certon Software


Ø  Canadian pension fund CPDQ looks to buy stake in Kotak Mahindra Bank

Ø  United Breweries files appeal against winding-up order

Ø  Coal India lowers dividend by 32% with Rs11,640 cr payout

Ø  Tata Motors unveils sports car Tamo Racemo, launch seen in FY18

Ø  Inox Renewables to sell wind power assets to Leap Green Energy

Financial Express

Financial Chronicle
Ø  CERAweek conference: India announces new licensing policy to boost oil output

Ø  Major divestment line up: BHEL, Oil India, EIL, NBCC, 9 rail PSUs to help fetch Rs 72,500 cr next FY

Ø  Airtel, Vodafone & Idea take on Reliance Jio: Confusing free unlimited data plans explained


Ø  Mutual fund AUM swells to Rs 17.9 L cr in February

Ø  SC notice to Centre, RBI on plea to accept old notes upto Mar 31

Ø  Gas prices may jump 10% from April 1

Ø  CBI books Union Bank officials over cash deposits after demonetisation

Ø  DeMo-hit BhaFin fears 4.5% of loans may turn bad in Q4

Market Update

Sgx Nifty -11 pts
‎Dow -29.58 pts ,Nsdq -6.92 pts , S&P -15.25 pts , Bovespa -599 pts , Ftse -11 pts , Dax +7 pts  , Cac -17 pts , Nikkei  -84 pts now , Crude @ $52.87 brl (+0.07), Brent @ $55.61 brl (-0.01) , Gold @ 1215.85 (+0.20), Silver @ $17.51 (-0.00), Euro @ $1.0568, JPY @ $113.9100, INR @ $66.627

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.5124%

Today's Corporate Action
8th Mar  Ex Date

TEJNAKSH
Bonus issue 1:1

Today's Global Data

Mar 8: US January consumer credit data; 0130 IST

Mar 8: US API statistical bulletin for week ended Mar 3; 0300 IST

Mar 8: US International Monetary Fund Managing Director Christine Lagarde in
conversation on 'The Economic Imperative of Empowering Women'; 0400
IST

Mar 8: Japan February international transactions in securities; 0520 IST

Mar 8: Japan January balance of payments; 0520 IST

Mar 8: Japan February provisional trade statistics for 1st 20 days of month; 0520 IST

Mar 8: Japan February bank lending; 0520 IST

Mar 8: Japan Oct-Dec preliminary quarterly GDP estimates; 0520 IST

Mar 8: Japan Oct-Dec quarterly external debt & international investment
position; 0520 IST

Mar 8: UK February Markit report on jobs; 0531 IST

Mar 8: Japan February corporate insolvencies; 1000 IST

Mar 8: Japan January indexes of business conditions - preliminary release;
1030 IST

Mar 8: Japan February economy watchers survey; 1030 IST

Mar 8: Germany January industrial production index; 1230 IST

Mar 8: US MBA mortgage applications survey for week ended Mar 3; 1730 IST

Mar 8: UK Chancellor Philip Hammond's Budget Statement; 1800 IST

Mar 8: US February ADP national employment report; 1845 IST

Mar 8: US Oct-Dec revised productivity and costs; 1900 IST

Mar 8: US January monthly wholesale trade; 2030 IST

Mar 8: US February online help wanted index; 2030 IST

Mar 8: US EIA petroleum status report for week ended Mar 3; 2100 IST

Mar 8: UK office for budget responsibility publishes its economic forecast

NIFTY BANK VIEW

Nifty Bank (20663)

Nifty bank has support @ 20500 and it is showing reversal patterns active, It can show 20900 soon.

Below 20400 selling can be seen in nifty bank.

NIFTY 50 VIEW

Nifty 50 (8963)

Nifty has reversed from its support zone and is now heading towards 9000 once again.

Now when nifty maintains above 8968..8992 zone on closing basis it can show 9049... 9062.

Below 8910..8930 selling can again take its turn.

Market Update

Sgx Nifty -11 pts
‎Dow -51.37 pts ,Nsdq -21.58 pts , S&P -7.81 pts , Bovespa -444 pts , Ftse -24 pts , Dax -68 pts  , Cac -22 pts , Nikkei  -9 pts now , Crude @ $53.16 brl (-0.03), Brent @ $55.95 brl (-0.04) , Gold @ 1226.25 (+0.80), Silver @ $17.79 (-0.01), Euro @ $1.0578, JPY @ $113.9100, INR @ $66.675

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.4961%


Today's Corporate Action
7th Mar  Ex Date


ASHFL
Bonus issue 1:1
CASTROLIND
Special Dividend - Rs. - 2.0000


Today's Data Alert 


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

Mar 7: SEBI member Mahalingam, BSE MD and CEO Chauhan to speak at conference
on bond market. New Delhi.

Economic Times

Business Standard

Ø  All schemes to have sunset clause: Finance Ministry

Ø  PNB looks to sell 7% stake in PNB Housing Finance

Ø  Sunil Mittal gives thumbs up to Chinese telcos

Ø  ED freezes shell cos a/cs involved in laundering

Ø  '70% want cash transaction charges to be removed'

Ø  GM falls out of love with Opel, sells it to Peugeot

Ø  Stop overcharging for water at hotels, airports: Govt



Ø  Delhi HC restricts former Ranbaxy promoters from selling assets

Ø  China's telcos scrap domestic roaming charges

Ø  Tech Mahindra to buy CJS Solutions Group for $110 million

Ø  Govt eases trademark filing norms

Ø  IDFC buys Natixis's stake in mutual fund unit for Rs 244 crore

Ø  China invested over $50 billion in Silk Road project: Official

Ø  Standard Life, Aberdeen seek cost-cuts from 11 bn pound all-share deal

Business Line



Mint

Ø  Fed and ECB go their separate ways

Ø  Pharma sector growth will be moderate, says ICRA 

Ø  No buyers for Mallya’s Kingfisher house, Goa Villa 

Ø  Suzlon likely to bag 250 MW order from Sembcorp

Ø  TVS Motor approves second interim dividend

Ø  Centre open to rethink definition of startups: DIPP Secretary



Ø  Government may alter ‘start-up’ definition

Ø Demonetisation to impact GDP in this quarter: RBI’s Viral Acharya

Ø  Tata in talks with Vanguard, Allianz to sell stake in mutual funds business

Ø  India to draft rules for institutional investors voting on company matters

Ø  Tech Mahindra to buy CJS Solutions Group for $110 million

Financial Express



Financial Chronicle

Ø  Sensex closes at 2-year high, retakes 29k, RIL top mover

Ø  NDTV seeks to settle pending matters with Sebi

Ø  Reliance Jio beats Airtel, Vodafone; average download speed doubles in January

Ø  Delhi HC stays Fortis stake sale, asks Singh brothers for clear details on asset holdings



Ø  $26b hedge fund lures the beautiful minds

Ø  SC notice to Centre, RBI on plea to accept old notes upto Mar 31

Ø  Asia Index launches BSE Sensex Next 50 index

Ø  In constructive discussions with Thyssenkrupp: Tata Steel

Ø  Mahindra developing 3-4 e-vehicles in affordable segment

NIFTY 50 VIEW

Nifty 8897

Nifty had reversed on Friday after holding support @ 8860 giving a close with a hammer doji.

Now when it trades above 8908..8920 zone the reversal will take over and nifty can head towards 9000 again to show new high 9062..9082.⁠⁠⁠⁠

NIFTY BANK VIEW

Nifty Bank (20495)

Nifty Bank is stuck in the range of 20000-21000 zone.

This week it can break the zone if trades above 20600.

Intraday support lies at 20400 ..20300

Market Update

Sgx Nifty +12 pts
‎Dow +2.74 pts ,Nsdq +9.53 pts , S&P +1.20 pts , Bovespa +930 pts , Ftse -8 pts , Dax -32 pts  , Cac +31 pts , Nikkei  -96 pts now , Crude @ $53.26 brl (+0.03), Brent @ $55.80 brl (+0.72) , Gold @ 1235.70 (+1.25), Silver @ $17.96 (-0.03), Euro @ $1.0617, JPY @ $113.9400, INR @ $66.781




Today's Corporate Action
6th Mar  Ex Date


Nil

Economic Times

Business Standard

Ø  Sebi, RBI engage in turf war over HDFC Bank

Ø  Trump ignores India, puts priority H-1B visas on hold

Ø  Tata Steel may scrap merger plans with Thyssenkrupp

Ø  Finmin gives in-principle nod to ESOPs by PSU banks

Ø  India's GDP growth appears solid, says US economist

Ø  Aadhaar data base fully safe and secure, says UIDAI

Ø  Govt may promote electric commercial, public vehicles



Ø  Banks want RBI to relax debt recast guidelines

Ø  Govt gives nod to outright sale of 3 SAIL special steel plants

Ø  Li cuts China GDP growth target to a 25-year lo of 6.5%

Ø  A few more drugs to come under price control: NPPA

Ø  Coal gas can help lower import bill by $10 bn in 5 yrs: Coal Secy

Ø  Govt considering lifting ban on chana futures

Ø  Note ban makes Mahindra sales veer off course

Business Line



Mint

Ø  FDI in services sector up 77.6% in April-Dec

Ø  JSW Steel is frontrunner to buy Italy’s Ilva plant

Ø  Bumper crop does little to cheer pulses farmers

Ø  Labour ministry to call trustees' meet to raise equity exposure to 15%

Ø  Dr Reddy's Labs acquires 100% stake in NBFC Imperial Credit 



Ø  ArcelorMittal shelves investment plans on tough economic condition

Ø  NPAs at record high: parliamentary panel for naming big corporate 

Ø  Centre to hike dearness allowance by 2% from 1 January

Ø  Lenders to auction two Kingfisher Airlines properties

Ø  Standard Life, Aberdeen said to hold merger talks: report

Ø  Cable TV rates may fall as Trai notifies pricing framework

Financial Express



Financial Chronicle

Ø  Top 4 companies' m-cap swells by Rs 35,876 cr, Reliance Industries hits home run

Ø  Imports like electronics, machinery go against Make in India

Ø  Government may ask SAIL to operate Monnet Ispat till buyer finalised

Ø  Pakistan's financial capital Karachi turned 'into rubbish bin'



Ø  Reliance stake revamp to help cut Ambani’s tax liability

Ø  Smaller cities a new destination for VC, angel firms

Ø  GST set to kick in from July 1, draft laws cleared

Ø  Govt readying plans to wipe out benami transactions

Ø  Divestment cells to push stake sale

NIFTY BANK VIEW

Nifty bank (20560)

Nifty bank yesterday too made a high around the positional resistance zone of 20907 (mentioned in our earlier reports)
and slipped down to support levels of 20500.

Now if it trades below 20400 and fills the gap (20449-20295) of 17 feb it can slide down to 20000.

Support for the day lies around 20370..20560 zone if holds and resume it can travel to 20640..20720.

NIFTY 50 VIEW

Nifty 50 (8899)

Nifty opened on a new 52 week high but did not maintain and slipped down to support levels 8960...8940 but did not maintain in these zones too.

Closing is on support zone of 8980..8910.

To catch its uptrend  it has to trade above 8910 and cross 8940..8960 zone on closing basis.

Below 8880 it can slide to 8860..8830 zone for the day.

Economic Times

Business Standard

Ø  GIC set to pick up KP Singh family stake in DLF arm

Ø  India seeks $5-7 billion aid from World Bank

Ø  China plans mass layoffs, gets ready to cut 5 lac jobs this yr

Ø  LPG prices raised by Rs 86, the steepest ever hike

Ø  Banks to charge Rs 150 after 4 cash transactions

Ø  Tata Sons will participate in TCS buyback

Ø  Nokia, Airtel join hands on 5G, IoT applications



Ø  Railways to come up with mini-budget today

Ø  Dow hits all-time high of 21,000 after Trump's speech to US Congress

Ø  Another USFDA warning for Wockhardt; US plant faces product approval freeze

Ø  JSW Steel makes offer to buy controlling stake in Monnet Ispat

Ø  Tata Motors February sales up 2% at 47,573 units

Ø  Govt likely to impose 25% wheat import tax soon: Sources

Business Line



Mint

Ø  World Bank offers over $1-billion loan to Maharashtra

Ø  GDP data belies exaggerated claims of note ban impact: Jaitley

Ø  Demonetisation credit positive as it will cut tax avoidance, corruption: Moody’s

Ø  Govt notifies law to make banned note possession punishable 

Ø  Gujarat Ambuja Exports' buyback offer begins 



Ø  Sensex closes near six-month high, Nifty 0.75% higher on positive GDP data

Ø  Rupee closes weaker against US dollar on Asian cues

Ø  Hyundai sales up 6% to 52,734 units in February

Ø  Voting on Grasim-Aditya Birla Nuvo merger to begin 6 March

Ø  Telecom secretary J.S. Deepak named India’s new WTO ambassador

Financial Express



Financial Chronicle

Ø  Godrej consolidating food retail chain Nature's Basket

Ø  India's gold jewellery exports to UAE decline 56% in January

Ø  Muted response to second black money disclosure scheme

Ø  India ranks 36th in Internet inclusiveness: Facebook- Economist Intelligence Unit

Ø  Mahindra sales decline 2.92 % to 42,714 units in February



Ø  RBI cautions users against virtual currencies such as Bitcoins

Ø  India should use 5G to solve developmental problems:TRAI Chief

Ø  Avenue Supermart sets IPO price band at Rs 295-299

Ø  Insurers hike group health plan pricing

Market Update

Sgx Nifty +56 pts
‎Dow +303.31 pts ,Nsdq +78.59 pts , S&P +32.32 pts , Bovespa +323 pts , Ftse +119 pts , Dax+232 pts  , Cac +102 pts , Nikkei  +215 pts now , Crude @ $53.71 brl (-0.12), Brent @ $56.31 brl (+0.03) , Gold @ 1247.95 (-2.05), Silver @ $18.46 (-0.02), Euro @ $1.0543, JPY @ $113.9000, INR @ $66.696




Today's Corporate Action
2nd Mar  Ex Date



AADHAARVEN
Consolidation of Shares 
HEXAWARE
Interim Dividend - Rs. - 1.0000
MODISNME
Interim Dividend - Rs. - 1.0000
ROHLTD
Interim Dividend - Rs. - 1.0000
SYMPHONY
Interim Dividend - Rs. - 1.0000
TECHNO
Buy Back of Shares 
VISHAL
Right Issue of Equity Shares 




Today's Data Alert



Mar  2: Mirae Asset Mutual Fund to launch a new fund. CEO Mohanty, CIO - Equity Surana, and Head of Fixed Income Jajoo to be present. 1130
IST, Mumbai.

NIFTY BANK VIEW

Nifty Bank (20783)

Nifty bank has reversed from 20500 and now if it trades 20840 it can show 21000.

Close below 20500 can only take the stock 20400 and fill the gap to 20300.

NIFTY 50 VIEW

Nifty (8945)

Nifty has reversed from its selling pattern of last week.

Now when nifty crosses 8968 ..8982 the stiff resistance zone it can rise to 9011..9062.

If faces resistance around 8968..8982 it can slide to 8940 zone.

Economic Times

Business Standard

Ø  GIC set to pick up KP Singh family stake in DLF arm

Ø  India seeks $5-7 billion aid from World Bank

Ø  China plans mass layoffs, gets ready to cut 5 lac jobs this yr

Ø  LPG prices raised by Rs 86, the steepest ever hike

Ø  Banks to charge Rs 150 after 4 cash transactions

Ø  Tata Sons will participate in TCS buyback

Ø  Nokia, Airtel join hands on 5G, IoT applications



Ø  Railways to come up with mini-budget today

Ø  Dow hits all-time high of 21,000 after Trump's speech to US Congress

Ø  Another USFDA warning for Wockhardt; US plant faces product approval freeze

Ø  JSW Steel makes offer to buy controlling stake in Monnet Ispat

Ø  Tata Motors February sales up 2% at 47,573 units

Ø  Govt likely to impose 25% wheat import tax soon: Sources

Business Line



Mint

Ø  World Bank offers over $1-billion loan to Maharashtra

Ø  GDP data belies exaggerated claims of note ban impact: Jaitley

Ø  Demonetisation credit positive as it will cut tax avoidance, corruption: Moody’s

Ø  Govt notifies law to make banned note possession punishable 

Ø  Gujarat Ambuja Exports' buyback offer begins 



Ø  Sensex closes near six-month high, Nifty 0.75% higher on positive GDP data

Ø  Rupee closes weaker against US dollar on Asian cues

Ø  Hyundai sales up 6% to 52,734 units in February

Ø  Voting on Grasim-Aditya Birla Nuvo merger to begin 6 March

Ø  Telecom secretary J.S. Deepak named India’s new WTO ambassador

Financial Express



Financial Chronicle

Ø  Godrej consolidating food retail chain Nature's Basket

Ø  India's gold jewellery exports to UAE decline 56% in January

Ø  Muted response to second black money disclosure scheme

Ø  India ranks 36th in Internet inclusiveness: Facebook- Economist Intelligence Unit

Ø  Mahindra sales decline 2.92 % to 42,714 units in February



Ø  RBI cautions users against virtual currencies such as Bitcoins

Ø  India should use 5G to solve developmental problems:TRAI Chief

Ø  Avenue Supermart sets IPO price band at Rs 295-299

Ø  Insurers hike group health plan pricing

Market Update

Sgx Nifty +56 pts
‎Dow +303.31 pts ,Nsdq +78.59 pts , S&P +32.32 pts , Bovespa +323 pts , Ftse +119 pts , Dax+232 pts  , Cac +102 pts , Nikkei  +215 pts now , Crude @ $53.71 brl (-0.12), Brent @ $56.31 brl (+0.03) , Gold @ 1247.95 (-2.05), Silver @ $18.46 (-0.02), Euro @ $1.0543, JPY @ $113.9000, INR @ $66.696




Today's Corporate Action
2nd Mar  Ex Date



AADHAARVEN
Consolidation of Shares 
HEXAWARE
Interim Dividend - Rs. - 1.0000
MODISNME
Interim Dividend - Rs. - 1.0000
ROHLTD
Interim Dividend - Rs. - 1.0000
SYMPHONY
Interim Dividend - Rs. - 1.0000
TECHNO
Buy Back of Shares 
VISHAL
Right Issue of Equity Shares 




Today's Data Alert



Mar  2: Mirae Asset Mutual Fund to launch a new fund. CEO Mohanty, CIO - Equity Surana, and Head of Fixed Income Jajoo to be present. 1130
IST, Mumbai.

NIFTY BANK VIEW

Nifty Bank (20607)

Nifty bank has given a close with a spinning top holding the support of 20560..20580 zone.

Now if trades above 20680..20700 it can resume uptrend again.

If breaks 20560 it can show 20400 and selling will take over in nifty bank to fill the gap to 20292.

NIFTY 50 VIEW

Nifty 50 (8879)

Nifty has support around 8860-8840.

If holds uptrend can resume and maintain above 8910 nifty can again head towards its all time high.

If breaks support nifty can slide down to 8800..8780.

Economic Times

·         Why the time may be ripe for consolidation in Indian banking
·         NPPA to look into diabetes drug price-fixing allegations
·         Electric vehicles for commercial use may not require permits
·         IndusInd Bank: Romesh Sobti's lieutenants who turned his vision into reality
·         SAIC looks to be the first Chinese automaker to drive into India, hires KPMG for market study
·         Jio heat melts top 3 telcos’ adjusted gross revenue in Q3
·         Hero Splendor bounces back to reclaim position as largest selling two-wheeler in India 
·         Airtel has little choice but to respond to Jio offers, says Sunil Bharti Mittal
·         IndiGo, GoAir neo plane woes: DGCA orders P&W engine inspection
·         Honda launches new generation BS-IV Activa 4G
·         India's mobile handset industry's revenue up 22% to Rs 1.4 lakh crore in 2016: CMR
·         Change of guard at ITC’s lifestyle arm
·         Sanjiv Singh appointed IOCL chief
·         Government bails out ONGC, Oil India of Rs 22,000 crore royalty liability
·         SBI led banks' consortium launches probe into suspected financial irregularities at Uttam Galva Steels
·         Zee completes 1st phase of sale of TEN sports to Sony Pictures
·         Future Lifestyle Fashions mulls selling investments to deleverage balance sheet
·         International airlines to slash travel agents’ commission to 1 per cent
·         DoT keen on 5G wave, to seek Trai views for next auction: JS Deepak

Business Standard

·         At 7%, Q3 GDP growth beats note ban blues
·         CRISIL upgrades outlook on Vedanta's debt to 'positive'
·         DoCoMo impasse: Siva group hopes for a settlement
·         MNCs call the shots in home & personal care, Indian firms in food
·         Hinduja Global Solutions looks at acquisitions in Latin America
·         DGCA orders probe into IndiGo, GoAir engines
·         Srei convenes Deccan Chronicle EGM on March 20, proposes 5 new directors
·         Vehicle sales drive around note ban in south
·         Lenders get majority stake in GMR's Chattisgarh power plant

Business Line

·         SsangYong meshing well with Mahindra’s plans
·         Tata Steel's Odisha ferro-chrome plant starts production
·         Goenka sees steady demand even as vehicles get pricey
·         Amazon to extend Pantry services to more cities
·         L&T Hydrocarbon Engg gets 5-year job order from Shell
·         Pharma sector to create 58,000 more jobs by 2025, feel experts
·         Lupin gets USFDA nod to market colonoscopy drug

Mint

·         Reliance Infra sees defence arm’s share in revenue rising in the long term
·         GST final draft to retain clause on services sector
·         India sets the stage for a clash with US, EU at WTO
·         DIFC, GIFT City join hands for mutual co-operation
·         NHPC to buy back over 81 crore shares worth Rs2,616 crore
·         52% CEOs exploring benefits of humans and machines working together: report
·         Auto firms fend off demonetisation blues, but face the heat of rising costs

Market Update

Sgx Nifty -8 pts
‎Dow -25.20 pts ,Nsdq -36.46 pts , S&P -6.11 pts , Bovespa Clsd , Ftse +10 pts , Dax+11 pts  , Cac +13 pts , Nikkei  +215 pts now , Crude @ $53.92 brl (-0.07), Brent @ $56.45 brl (-0.07) , Gold @ 1246.35 (-2.15), Silver @ $18.33 (-0.02), Euro @ $1.0568, JPY @ $113.0600, INR @ $66.715




Today's Corporate Action
1st Mar  Ex Date



HINDPETRO
Interim Dividend - Rs. - 22.5000
MINDACORP
Interim Dividend - Rs. - 0.2000
SUNDARMFIN
Interim Dividend - Rs. - 5.0000






Today's Data Alert



Mar  1: Nikkei Manufacturing PMI for February, by IHS Markit. 1030 IST.

Mar  1: Money supply as on Feb 17, by RBI.





Today's Global Data



Mar 1: US Federal Reserve Bank of San Francisco President Williams to  speak at Santa Cruz Chamber of Commerce luncheon; 0100 IST

Mar 1: US Feb agricultural prices data; 0130 IST

Mar 1: US foreign portfolio holdings of securities preliminary results; 0230
 IST

Mar 1: US API Weekly Statistical Bulletin for the week ended Feb 24; 0300
IST

Mar 1: US Federal Reserve Bank of St. Louis President Bullard to speak at
GWU Alumni Lecture in Economics; 0510 IST

Mar 1: Japan Q4 financial statements statistics of corporations; 0520 IST

Mar 1: UK Feb shop price index; 0531 IST

Mar 1: Japan Feb manufacturing purchasing managers' index; 0600 IST

Mar 1: US President Donald Trump to address joint session of Congress; 0730
IST

Mar 1: US Economy and Federal Reserve Associates meeting with US Federal Reserve Bank of Kansas City President Esther George

Mar 1: Japan Feb auto sales data; 1030 IST

Mar 1: UK Feb nationwide house price index; 1230 IST

Mar 1: Germany Feb manufacturing purchasing managers' index; 1425 IST

Mar 1: Germany Feb labour market statistics; 1430 IST

Mar 1: Eurozone Feb manufacturing purchasing managers' index; 1430 IST

Mar 1: UK Jan monetary and financial statistics; 1500 IST

Mar 1: UK Jan Bank of England effective interest rates; 1500 IST

Mar 1: UK Jan money and credit - Lending to individuals, lending to
businesses, broad money and credit; 1500 IST

Mar 1: UK Feb narrow money and reserve balances; 1500 IST

Mar 1: UK Feb CIPS/Markit manufacturing purchasing managers' index; 1500 IST

Mar 1: US MBA weekly mortgage applications survey for the week ended Feb 24; 1730 IST

Mar 1: Germany Feb provisional consumer price index data; 1830 IST

Mar 1: US Jan personal income and outlays data; 1900 IST

Mar 1: US Feb manufacturing purchasing managers' index; 2015 IST

Mar 1: US Feb ISM manufacturing report on business; 2030 IST

Mar 1: US Jan construction spending data; 2030 IST

Mar 1: US SEC Open Meeting; 2030 IST

Mar 1: US EIA weekly petroleum status report for the week ended Feb 24; 2100
IST

Mar 1: US Feb global manufacturing purchasing managers' index; 2130 IST

Mar 1: US Federal Reserve Beige Book to be released; 2130 IST