NIFTY 50 VIEW

Nifty 50 (9126)

Nifty has made small three soldiers pattern in daily charts and the third soldier will be completed today with the gap being filled of 9128..9075.

Support and bounce is @ 9050. 

Above 9180 uptrend can resume.

Business Standard

Ø  GST relief for exporters, some refunds to continue

Ø  Coal India plans to produce petroleum oil in Jharkhand

Ø  HCL Tech announces Rs 3,500 crore share buyback

Ø  Flipkart said to raise $1 bn; plans for $1 bn more

Ø  Associate banks' branches to work as SBI from April 1

Ø  Jio writes to ASCI against Airtel's data speed claim

Ø  RBI issues draft master circular for revised PPI norms


Ø  India to attract $4.2 billion global investment: Report

Ø  Sun Pharma accused in US court of collusive price fixing

Ø  RCOM gets CCI approval for Aircel merger

Ø  Vodafone-Idea merger: Birth of a telecom giant

Ø  UP farm loan waiver: SBI report sees Rs 27K cr hit on banks

Ø  UK to trigger Brexit on March 29, starting two years of talks

Ø  Coca-Cola bats for 34% tax under GST


Mint

Ø  Idea Cellular board approves merger with Vodafone India

Ø  NITI to lend support in development of 10 big infra projects

Ø  SEBI to auction jewellery, ornaments of defaulters

Ø  Oil India board approves Rs 1,527.01 cr buyback

Ø  Larsen arm wins Rs 1,656-cr contract from ONGC

Ø  Mahindra Lifespace fixes rights issue price at Rs.292

 Ø  Govt lays down strict conditions for capital infusion in PSU banks

Ø  Paris climate deal could make the world $19 trillion richer

Ø  BPCL plans to enter travel business with Happy Roads start-up

Ø  KKR pitches plan to resolve India’s bad asset ratio

Ø  Oman India Joint Investment Fund exits Kotak Mahindra Bank

Ø  D-Mart shares to be listed on Tuesday


Financial Chronicle

Ø  Stocks down to a reality check, Sensex gives up 130 points

Ø  No FDI in defence, ports, coal in April-December period: Government

Ø  Bill Gates again world's richest man; Donald Trump slips

Ø  Top Chinese firms participate in India-China business forum


Ø  Cabinet clears GST supplementary legislations

Ø  After banks, govt looks at merging insurance PSUs

Ø  PVR Cinemas to rollout VR lounges in metros

Ø  Orient Bell to set up more tile factories

Ø  Armed With $11 Billion, Thai Oil Giants Hunt for Investments

Market Update

Sgx Nifty +27 pts
‎Dow -8.76 pts ,Nsdq +0.53 pts , S&P -4.78 pts , Bovespa +674 pts , Ftse +4 pts , Dax -42 pts  , Cac -17 pts , Nikkei -124 pts , Crude @ $48.99 brl (+0.08), Brent @ $51.72 brl (+0.06) , Gold @ 1234.35 (+0.35), Silver @ $17.453 (+0.015), Euro @ $1.0734, JPY @ $112.5700, INR @ $65.245

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.4644%

Today's Corporate Action
21st Mar  Ex Date


CRISIL
Dividend - Rs. - 9.0000
SHILPAMED
Interim Dividend - Rs. - 0.6000


Today's Data Alert 


Mar 21: TERM REPO: 13-day variable rate term repo for 205 bln rupees. Bids
to be submitted between 1100 and 1130 IST.

Mar 21: Junior Finance Minister Meghwal to speak at event on transparency in
political funding. 1600 IST, New Delhi.

Mar 21: SEBI Chairman Tyagi, FRBM Committee head Singh to speak on
challenges of global regulatory compliance for businesses at The Global Growth
Net Annual Meeting. 0930 IST, New Delhi.

Mar 21: Economic Affairs Secretary Das to speak on foreign direct investment
at The Global Growth Net Annual Meeting. 1315 IST, New Delhi.

Mar 21: Kotak Mahindra Bank MD Kotak, Biocon CMD Shaw to speak on
double-digit growth at The Global Growth Net Annual Meeting. 1645 IST, New Delhi.


Today's Global Data


Mar 21: Japan February steel production data; 1030 IST

Mar 21: Japan February convenience store sales data; 1230 IST

Mar 21: UK February inflation numbers; 1500 IST

Mar 21: UK January house price index; 1500 IST

Mar 21: UK February data on public sector finances; 1500 IST

Mar 21: UK February produce prices data; 1500 IST

Mar 21: US chain stores data by The Retail Economist/Goldman Sachs for week ending Mar 18; 1715 IST

Mar 21: US Oct-Dec international transactions data; 1800 IST

Mar 21: US retail sales index by Johnson Redbook for week ending Mar 18; 1825 IST

Mar 21: European Parliament's Committee on Economic and Monetary Affairs
meeting; 1930 IST

Mar 21: ECOFIN meeting of European Union finance ministers

WEEKLY VIEW

Nifty 50 (9160)

Nifty has given a breakout with a positive uptrend pattern of gap and island and flag pattern in daily and weekly charts from its all time high of 9119.
On Friday it showed some profit booking as it had rose 300 points from Monday to Thursday.
This week when nifty maintains above 9140..9100 zone on closing basis uptrend can resume to show 9240..9300 and if trades below 9100 it can fill the gap 1) 9128....9075
2) 8975.. 9060

WEEKLY VIEW

Nifty bank (21175)

Nifty bank has made a neutral doji in weekly charts, any gap down below 21000 can show selling patterns active.
But 21000 should act as a strong support zone and closing above 21340..21380  can show uptrend signals active to show 21900 in this month 

Below 21000 nifty bank too can come down to fill its gap of 20876..21059 and show 20500

Economic Times

Business Standard

Ø  Beginning of the end for FIPB may come this April

Ø  'Daiichi availed Rs 8,000 crore monetary benefits'

Ø  'Other firms will come if Posco exits steel project'

Ø  Centre to infuse Rs 8,586 cr capital in 10 weak banks

Ø  Govt may consider GST supplementary legislations

Ø  ONGC signs pact to buy out GSPC's KG block stake

Ø  BSNL, MTNL merger to help both firms: Shrivastava



Ø  Unilever prepares sale of food brands worth £6-bn

Ø  US breaks with allies over trade issues

Ø  EPFO may invest up to 15% of investable amount in equity markets

Ø  E-commerce companies to pay up to 1% TCS under GST

Ø  Cabinet nod for merger of BMB with SBI likely in 3 months

Ø  Sebi chief's grand plans to boost commodities market

Ø  Cognizant may slash more than 10,000 jobs

Business Line



Mint

Ø  Consumer Sentiments Index hits one-year low

Ø  Welspun India inaugurates ₹ 150-cr facility in Gujarat

Ø  Queensland supports Adani coal mine project: Premier

Ø  CBDT chief prods taxmen to buck up, meet recovery target

Ø  UP wheat farmers face a grim harvest this season 

Ø   Australia’s Di Bella Coffee to step up investments in India 



Ø  Apple CEO Tim Cook calls for more global trade with China

Ø  BBB chief Vinod Rai writes to Arun Jaitley, PMO on bad loans

Ø  POSCO offers to surrender land for planned Odisha steel project

Ø  Future group fashion business to grow by 30%: Kishore Biyani

Ø   

Financial Express



Financial Chronicle

Ø  80 per cent of informal economy will come under formal sector: J P Nadda

Ø  Field survey for annual employment data to begin soon

Ø  Vodafone India ties up with Amazon Prime Video



Ø  Unilever worried about HUL’s performance

Ø  Adani Aims to Begin Mining Australian Coal in 2020

Ø  Govt considering FDI relaxation in multi-brand retail policy

Ø  New encryption key in Aadhaar authentication devices from June

Ø  E-tailers need to pay up to 1% TCS

Market Update

Sgx Nifty -18 pts
‎Dow -19.93 pts ,Nsdq +0.24 pts , S&P -3.13 pts , Bovespa -1572 pts , Ftse +9 pts , Dax +12 pts  , Cac +15 pts , Nikkei Clsd , Crude @ $49.19 brl (-0.12), Brent @ $51.70 brl (-0.04) , Gold @ 1230.45 (+0.25), Silver @ $17.428 (+0.015), Euro @ $1.0742, JPY @ $112.7000, INR @ $65.478


Today's Corporate Action
20th Mar  Ex Date


SUNCLAYLTD
Interim Dividend - Rs. - 16.5000

Today's Data Alert 

Mar 20: CPI for rural and farm labourers for February, by Labour Bureau.

Mar 20: DIPP Secy Abhishek to deliver address on India's new investment
picture at The Growth Net Annual Meeting. 0930 IST, New Delhi.

Mar 20: FRBM Committee head Singh, Godrej & Boyce Board Chairman Godrej,
 Singapore Trade Minister Iswaran to talk on role of private sector
in emerging markets at The Growth Net Annual Meeting. 1000 IST, New
Delhi.

Mar 20: Railway Minister Prabhu to deliver address on private sector's role
in infra financing at The Growth Net Annual Meeting. 1115 IST, New
Delhi.

Mar 20: Finance Minister Jaitley to be chief guest at The Growth Net Annual
Meeting. FRBM Committee head Singh, Godrej & Boyce Board Chairman
Godrej to speak. 2000 IST, New Delhi.

NIFTY BANK VIEW

[21249]

NIFTY BANK ENDED-UP WITH A RANGE BOUND TRADE ON WEEKLY EXPIRY DAY.

TO CATCH UPTREND IT HAS TO SUSTAIN ABOVE 21290-21300, WHICH WILL TAKE IT TO 21360-21400-21440-21500 ZONE.

SUPPORT 21190-21170

NIFTY 50 VIEW

[9153]

YESTERDAY NIFTY GAVE GOOD OPENING & CAME OUT OF THE LAST TWO DAYS CONSOLIDATION RANGE AS A RESULT OF FED RATE HIKE.

TODAY NIFTY CAN SHOW 9190-9240 LEVELS.

WITH THE SUPPORT OF 9120-9110.

Market Update

Sgx Nifty +14 pts
‎Dow -15.55 pts ,Nsdq +0.71 pts , S&P -3.88 pts , Bovespa -452 pts , Ftse +47 pts , Dax +73 pts  , Cac +27 pts , Nikkei   -16 pts now , Crude @ $48.79 brl (+0.04), Brent @ $51.73 brl (+0.01) , Gold @ 1226.25 (-0.85), Silver @ $17.318 (-0.01), Euro @ $1.0772, JPY @ $113.3100, INR @ $65.413


Today's Corporate Action
17th Mar  Ex Date


None

Today's Data Alert 

Mar 17: Honda Cars India to launch WR-V. President and CEO Yoichiro Ueno to
be  present. 1230 IST, Mumbai.

Mar 17: Forex reserves as on Mar 10, by RBI.

Economic Times

Business Standard
Ø  GST Council caps cess on demerit goods at 15%

Ø  Govt gives no commitment on farm debt waiver

Ø  'India, China should jointly bid for oil, gas fields'

Ø  SEBI reviews advertisement guidelines of mutual funds

Ø  Fed hike to have minimal impact on RBI policy: India Inc

Ø  Enemy Property Bill to bring windfall of Rs 1 lakh cr 

Ø  'Sick PSU units must get reasonable revival chances'


Ø  Sebi writes to Centre on capital gains in non-STT transactions

Ø  Regulator allows insurers to invest in infrastructure funds

Ø  Mutual funds may oppose Grasim, Nuvo merger

Ø  Economists see no rate cut by RBI in 2017

Ø  Govt generates Rs 1,748 cr from auction of 31 coal mines

Ø  Unsold BS-III vehicles divide auto industry

Ø  US housing starts jump; weekly jobless claims fall

Business Line

Mint
Ø  RJio to continue free offers; TRAI to re-examine issue

Ø  BSE ties up with Sentifi for algo analysis, updates

Ø  Zee to acquire 80% stake in Margo Networks 

Ø  Parliamentary panel suggests BSNL-MTNL merger

Ø  6-month window for environmental clearance to units: Govt

Ø  LIC MF keen to grow as a retail-focussed fund house 


Ø  Indian Oil to sell 24% stake in India JV to Lubrizol Corp

Ø  Nifty touches new all-time high on US Fed’s dovish stance

Ø  Aadhaar wins World Bank praise amid ‘big brother' fears

Ø  Krishnapatnam Port promoters seek to buy out 3i Group’s stake

Ø  Zara to sell online in India later this year

Financial Express

Financial Chronicle
Ø  AAI rejects Air India's plan to convert Rs 2K cr dues into equity

Ø  High Court stays Odisha govt’s tax recovery notice on IOCL

Ø  No health cess in new National Health Policy, says govt

Ø  China, Saudi Arabia signed $65 billlion in deals as King Salman visits


Ø  Vedanta to buy $2.4b Anglo American stake

Ø  Investors bet big on PSU oil stocks

Ø  Chappells urge Adani to reconsider Oz mine

Ø  Trump’s historic cuts to fund Defence

Ø  Metal stocks rally, sectoral index goes up 2.84 per cent

NIFTY BANK VIEW

[21157]

ALIKE NIFTY 50, NIFTY BANK ALSO TRADED IN A VERY NARROW RANGE OF 21216-21140 ON THE SECOND TRADING DAY. BREAKOUT EITHER-SIDE WILL DECIDE THE FURTHER TREND.

21130-21070 IS ACTING AS A STRONG SUPPORT AREA.

IF MANAGES TO SUSTAIN ABOVE 21230 IT CAN SHOW 21360-21400-21500 LEVELS.

NIFTY 50 VIEW

[9084]

NIFTY REMAIN RANGE BOUND FOR THE SECOND TRADING SESSION BETWEEN 9100-9075 LEVELS RESPECTIVELY.

TO CATCH UPTREND NIFTY HAS TO SUSTAIN & CLOSE ABOVE 9120.

SUPPORT ZONE 9070-9060.

Market Update

Sgx Nifty +81 pts
‎Dow +112.73 pts ,Nsdq +43.23 pts , S&P +19.81 pts , Bovespa +1535 pts , Ftse +10 pts , Dax +21 pts  , Cac +11 pts , Nikkei  -24 pts now , Crude @ $49.09 brl (+0.23), Brent @ $52.05 brl (+0.06) , Gold @ 1220.55 (+19.85), Silver @ $17.343 (+0.42), Euro @ $1.0738, JPY @ $113.4000, INR @ $65.630


Today's Corporate Action
15th Mar  Ex Date


ACC
Dividend - Rs. - 6.0000
AMBUJACEM
Final Dividend - Rs. - 1.2000
BEL
Stock  Split From Rs.10/- to Rs.1/-
CADILAHC
Interim Dividend - Rs. - 3.2000
HEROMOTOCO
Interim Dividend - Rs. - 55.0000
KUSHAL
Bonus issue 1:1
MYSOREBANK
Amalgamation 
NMDC
Interim Dividend - Rs. - 4.1500
SBBJ
Amalgamation 
SBT
Amalgamation 


Today's Data Alert 


Mar 16: India International Bullion Summit


Today's Global Data


Mar 16: US January treasury international capital data; 0130 IST

Mar 16: Japan February revised machine tool orders; 1130 IST

Mar 16: European Union February harmonised consumer price index; 1530 IST

Mar 16: Bank of England Monetary Policy Committee meeting minutes; 1730 IST

Mar 16: UK interest rate decision; 1730 IST

Mar 16: US unemployment insurance weekly claims report; 1800 IST

Mar 16: US weekly export sales; 1800 IST

Mar 16: US February new residential construction; 1800 IST

Mar 16: US March Federal Reserve Bank of Philadelphia business outlook
survey;1800 IST

Mar 16: US Bloomberg consumer comfort index; 1915 IST

Mar 16: US January job openings and labor turnover survey; 1930 IST

Mar 16: US Energy Information Administration natural gas storage report; 2000 IST

Mar 16: US Securities Exchange Commission closed meeting; 2330 IST

Mar 16: US reaches 'debt ceiling'

Mar 16: US President Donald Trump releases final 2017-18 (Jan-Dec)
budget proposal

Mar 16: Germany G-20 finance and central bank deputies meeting concludes

Mar 16: Japan Monetary Policy Meeting decision

Mar 16: European Union February new passenger car registrations in Europe
statistics

Business Standard

Ø  US Fed hikes key rate for second time in 3 months

Ø  Govt may initiate reforms in financial sector soon

Ø  Currency in circulation rises 13.5% between Feb & Mar

Ø  Exports jump 17% in Feb; trade deficit widens

Ø  More realistic method to assess GDP required: Panel

Ø  Telecom Dept issues notices to 6 telcos for Rs 30k crore

Ø  HCL Tech to consider share buyback on March 20 


Ø  India Inc's dividend pay at record high

Ø  SBI approves plan to raise up to Rs 15,000 cr in capital

Ø  Govt to consider more oversight panels for NPAs: Jaitley

Ø  Rupee hits fresh 16-month high, up 13 paise at 65.69

Ø  Govt to table fresh consumer protection Bill in Parliament

Ø  Merger talks of ONGC, HPCL on at ministerial level

Ø  Costs Rs 2.87-3.77 to print each new Rs 500/2000 note: Govt


Mint

Ø  GST Council to take up State and UT Bills today

Ø  Central govt employees to strike work on Thursday

Ø  BHEL's first 800-MW supercritical plant becomes operational

Ø  McNally Bharat bags Rs. 415-cr solar power project in AP

Ø  P-note investments rise to Rs. 1.75 lakh cr at Jan-end 

Ø  United Breweries appeals against winding up order


Ø  Moody's says BJP's win in UP elections a credit positive

Ø  Deutsche Bank said to be weighing sale of India retail business

Ø  RCom gets Sebi nod for merger with Aircel, Dishnet Wireless

Ø  Sensex, Nifty close flat ahead of Fed meet

Ø  SBI chief Arundhati Bhattacharya says farm loan waivers upset credit discipline

Ø  GST: Industry sees no relief on compliance


Financial Chronicle

Ø  Indian economy to pick up once impact of note ban fades: IMF

Ø  Chinese Premier says no intention of devaluing yuan

Ø  Government issued notices to 1,018 firms for CSR non-compliance

Ø  SBI to hike stake in credit card joint ventures to 74 percent



Ø  India, Russia to talk FTA, ways to up bilateral trade

Ø  Shankara Building plans Rs 345-cr IPO

Ø  Telecom mergers gather pace, Idea-ATC talks on

Ø  Bail out debt-stressed firms, says Modi’s CEA

Ø  Farm loan: SBI raises hackles over waiver plan

NIFTY BANK VIEW

[21102]

NIFTY BANK CONSOLIDATED IN THE RANGE OF 21188-21059, AFTER FACING RESISTANCE @ 21270 [MONTHLY RESISTANCE ZONE].

IT IS SHOWING SOME COOLING DOWN SIGNALS AFTER HITTING IT ALL TIME HIGH.

IT CAN SLIDE DOWN TO 20990-20940-20870 WHICH ARE MULTIPLE SUPPORT & BOUNCE BACK LEVELS.

NIFTY 50 VIEW

[9087]

AFTER A GAP-UP OPENING ON MONDAY, NIFTY CONSOLIDATED THE WHOLE DAY IN THE RANGE OF 9100-9070 AREA. 

TODAY IF MAINTAINS BELOW 9070 IT CAN SLIDE DOWN TO 9020, WHICH MAY ACT AS A SUPPORT & BOUNCE BACK ZONE.

TO CATCH UPTREND NIFTY HAS TO SUSTAIN ABOVE 9120, WHICH WILL TAKE IT TO 9150-9190 AREA.

Market Update

Sgx Nifty +25 pts
‎Dow -44.11 pts ,Nsdq -18.97 pts , S&P -8.02 pts , Bovespa -834 pts , Ftse -9 pts , Dax -1 pts  , Cac -25 pts , Nikkei  -71 pts now , Crude @ $48.4y brl (+0.74), Brent @ $51.83 brl (-0.17) , Gold @ 1199.50 (-3.10), Silver @ $16.922 (-0.00), Euro @ $1.0612, JPY @ $114.6600, INR @ $65.785





Today's Corporate Action
15th Mar  Ex Date



KPEL
Bonus issue 1.501     
VGUARD
Bonus issue 2:5





Today's Data Alert 



Mar 15: PFRDA Chairman Contractor, EPF Central Commissioner Joy, HDFC Life Insurance CEO Chaudhry to address conference on pension sector.
1000 IST, New Delhi.

Mar 15: Money supply as on Mar 3, by RBI.






Today's Global Data


Mar 15: US American Petroleum Institute statistical bulletin; 0200 IST

Mar 15: United Nations high-level panel on women's economic empowerment
report; 0330 IST

Mar 15: UK February Scottish retail sales monitor; 0531 IST

Mar 15: Japan January revised retail sales; 1000 IST

Mar 15: Japan January revised industrial production; 1000 IST

Mar 15: UK February unemployment figures; 1500 IST

Mar 15: European Union Oct-Dec employment data; 1530 IST

Mar 15: US Mortgage Brokers Association's applications survey for week ended Mar 10; 1630 IST

Mar 15: US February real earnings; 1800 IST

Mar 15: US February Consumer Price Index; 1800 IST

Mar 15: US February advance sales for retail and food services; 1800 IST

Mar 15: US March empire state manufacturing survey; 1800 IST

Mar 15: US Oct-Dec travel and tourism satellite account; 1800 ISTMar 15: US

January manufacturing and trade data; 1930 IST

Mar 15: US March National Association of Home Builders market index; 1930
IST

Mar 15: US Energy Information Administration petroleum status report for
week ended Mar 10; 1930 IST

Mar 15: US Federal Reserve economic projections; 2330 IST

Mar 15: US interest rate decision, followed by Janet Yellen press briefing;
2330 IST

Mar 15: Germany G-20 Finance and Central Bank Deputies meeting commences

Mar 15: Bank of Japan Monetary Policy Meeting

Economic Times

Business Standard

Ø  February CPI at 3.65%, highest since October 2016

Ø  Reserve Bank steps in to rein in runaway Rupee

Ø  RBI may not slash rates as inflation on a rise: Nomura

Ø  PM may again push against black money: BofA-ML

Ø  Tata Steel, Wipro in world's most ethical companies' list

Ø  No plan to cut sugar import tax for now: Paswan

Ø  Sebi probes broker-bourse collusion on dark fibre link

Ø  Inox Wind looks to sell its stake in new project


Ø  WPI Inflation rises to over 3 Yrs high at 6.5% on food, fuel prices

Ø  Black money: I-T prosecution action triples this financial year

Ø  SBI floats one-time settlement scheme for tractor loans

Ø  Rs 16.6k-crore payout to erase 44% net worth of CIL

Ø  222 mineral blocks on radar for auctions in 2017-18

Ø  US court favours Aurobindo in patent case on cough & cold drug

Ø  I-T to appeal against Rs 19k-cr relief to Cairn

Business Line

Mint
Ø  Foreign investors pull out $4.8 billion from Indian debt

Ø  Oil Ministry moves Cabinet to get RIL, ONGC pricing freedom

Ø  ‘Note ban will not help India in the corruption fight’

Ø  PE, VC investments dip to 3-year low in Feb

Ø  L&T Realty sells stake to Pragnya Group for ₹190 crore

Ø  USFDA to lift import ban on Sun-Ranbaxy Mohali plant


Ø  Tata-Docomo settlement: Delhi HC asks RBI to specify objections

Ø  Gitanjali Gems’s Nakshatra files draft papers for IPO

Ø  IndusInd Bank to buy IL&FS Securities Services

Ø  Tata group hires Bank of America dealmaker Ankur Verma

Ø  Asia’s lack of cyber defences are a missed opportunity

Financial Express

Financial Chronicle
Ø  Rupee hits 1-1/2 yr high, surges 78 paise on BJP sweep

Ø  8.38 lakh people respond to I-T queries under Operation Clean Money

Ø  Govt may impose anti-dumping duty on Chinese aluminium foil

Ø  Govnt procures 14.66 lakh tonnes of pulses for buffer stock


Ø  UK Parliament passes Brexit bill

Ø  Nifty takes a leap, hits record 9,123 on BJP's poll success

Ø  Bail out debt-stressed firms, says Modi’s CEA

Ø  UP farm loan waiver may become new template

Ø  Alibaba.com to help boost online exports

Market Update

Sgx Nifty +231 pts (9185) Nifty Future(8954)
‎Dow -21.50 pts ,Nsdq +14.06 pts , S&P +0.87 pts , Bovespa +858 pts , Ftse +24 pts , Dax +26 pts  , Cac +6 pts , Nikkei  -13 pts now , Crude @ $48.32 brl (-0.08), Brent @ $51.28 brl (-0.14) , Gold @ 1202.15 (-0.95), Silver @ $16.938 (-0.03), Euro @ $1.0654, JPY @ $114.8500, INR @ $66.181


Indian Adr/Gdr



Infy:+0.58%,              Wit:+0.30%
Ttm:+2.70%,             Rdy:+1.63%
Hdb:+1.96%,              Ibn:+5.89% 
SBID:+4.65%,         RIGD:+3.45%




Today's Corporate Action
14th Mar  Ex Date



COALINDIA
Interim Dividend - Rs. - 18.7500
DICIND
Dividend - Rs. - 4.0000
EMAMILTD
Interim Dividend - Rs. - 1.7500
GEOMETRIC
Amalgamation 
GEOMETRIC
Spin Off 
TVSMOTOR
Interim Dividend - Rs. - 1.2500






Today's Data Alert 



Mar 14: TERM REPO: 13-day variable rate term repo for 205 bln rupees. Bids
to be submitted between 1100 and 1130 IST.

Mar 14: WPI inflation for February, by commerce & industry ministry. 1200
IST.

Mar 14: CPI Combined inflation for February, by CSO. 1730 IST.

Economic Times

Business Standard
Ø  Note ban comes full circle, all withdrawal limits lifted

Ø  PM Modi's magic in UP brings foreign investors back in India

Ø  Oil prices hit 3-month low as US rig count climbs

Ø  Mphasis gets nod to buy back 1.73 crore shares

Ø  I-T dept raises queries on suspicious bank a/c deposits

Ø  Non-life premia set to go up as regulator backs move


Ø  BJP poll performance likely to negate Fed hike impact

Ø  Adani seeks financing for coal mine railway from Australian fund

Ø  Indian companies least confident worldwide: Markit survey

Ø  Cigarette sector poised for 5% growth on stable VAT

Ø  BSE to phase out weekly and monthly price bands for stocks

Ø  Scotland to seek independence referendum over Brexit

Business Line

Mint
Ø  Jaitley gets additional charge of Defence Ministry

Ø  CavinKare promoter buys out stake from PE major ChrysCapital

Ø  Titagarh Wagons looking at bids for metro rail projects

Ø  Tata Motors develops its most powerful truck ever

Ø  S&P Global lowers Eros International rating to B-

Ø  LinkedIn in talks to buy jobs portal BeatMySalary for £10 m


Ø  Greenko Group eyes Bhoruka Power’s clean energy portfolio

Ø  RMZ in talks with bankers for $300 million REIT offering

Ø  Rising urban consumption revives ragi crop production

Ø  Bombay HC dismisses as withdrawn NSEL investors’ plea for disbursal of funds

Ø  Govt may build dedicated road corridors for electric trucks

Ø  Luxury homes in some Mumbai areas see steep correction

Financial Express

Financial Chronicle
Ø  Intel to buy Israeli driverless car-tech firm Mobileye for $15 billion

Ø  PM Modi victory spurs jump in Indian stock futures, rupee forwards

Ø  BSNL to install 28,000 mobile sites, start 4G in FY18


Ø  Builders eye GST for industrial warehouses

Ø  Higher excise on oil hits states’ revenue collection

Ø  Shell firms claiming bogus capital gain under scanner

Ø  Rising demand induces farmers to grow tobacco covertly

Ø  Indians refuse to buy gold plan

NIFTY BANK VIEW

Nifty bank  20721) 

Nifty bank has given breakout from the consolidation range of its previous 4 to 5 days .

It has maintain the gap too of 20888-20449 of 17 Feb.

Today above 20740 and crossing 20800 it can rally to 20900 ..21000..21040.

Sign of worry towards selling is below 20400 ..20000 zone on closing basis

NIFTY 50 VIEW

Nifty 50 (8927)

Nifty yesterday pulled up from last two days selling signals forming a neutral doji from our recommended support levels of 8910-8900.

Nifty has also formed a higher low in short term charts. 

Today  when it trades above 8930 crossing 8950 it will catch up the uptrend rally

Resistance levels to watch are 8968..8977..8982..8992.

Above these levels on closing basis nifty can rally towards new high.

Market Update

Sgx Nifty +13 pts
‎Dow +2.46 pts ,Nsdq +1.25 pts , S&P +1.89 pts , Bovespa -132 pts , Ftse -19 pts , Dax +11 pts  , Cac +21 pts , Nikkei  +217 pts now , Crude @ $49.58 brl (-0.03), Brent @ $52.40 brl (-0.07) , Gold @ 1199.45 (-1.05), Silver @ $16.9r (-0.04), Euro @ $1.0578, JPY @ $115.1500, INR @ $66.691

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.6199%

Today's Corporate Action
10th Mar  Ex Date


BHAGYNAGAR
Reduction of Capital 
BHAGYNAGAR
Spin Off 
MIENT
Bonus issue 1:1
PGFOIL
Interim Dividend - Rs. - 1.1000


Today's Data Alert 

Mar 10: TERM REPO: 14-day variable rate term repo for 205 bln rupees. Bids
to  be submitted between 1100 and 1130 IST.

Mar 10: Index of Industrial Production for January, by CSO. 1730 IST.

Today's Global Data

Mar 10: US money stock measures; 0300 IST

Mar 10: US federal discount window borrowings; 0300 IST

Mar 10: US foreign central bank holdings; 0300 IST

Mar 10: Japan Jan-Mar business outlook survey; 0520 IST

Mar 10: Japan February corporate goods price index; 0520 IST

Mar 10: Germany Oct-Dec labour cost index; 1230 IST

Mar 10: Germany January foreign trade; 1230 IST

Mar 10: European Union February long term interest rates statistics; 1430
IST

Mar 10: UK January index of production; 1500 IST

Mar 10: UK January trade data; 1500 IST

Mar 10: UK February Bank of England quarterly inflation attitudes survey;
1500 IST

Mar 10: US February employment report; 1900 IST

Mar 10: UK February National Institute of Economic and Social Research monthly GDP estimates; 2030 IST

Mar 10: European Union summit concludes

Business Standard

Ø  US firms imposing new clauses on Indian cos fearing Trump

Ø  Mines auction to fetch states Rs 1.5 lakh cr in 2017-18

Ø  NBFC cash loan against gold restricted to Rs 25,000

Ø  Let govt employees invest 50% in equities under NPS

Ø  Hawaii sues Donald Trump over new travel ban

Ø  Govt releases draft rules for m-wallets, smart cards

Ø  Auction looms large over debt-ridden GVK Group



Ø  Arun Jaitley, Urjit Patel to discuss NPAs, 'bad bank' today

Ø  Upside to corporate profitability limited in FY18: CRISIL

Ø  CAD to increase 50% to $30 bn in 2017-18: ICRA

Ø  Govt cracks down on misuse of P-Notes

Ø  US weekly jobless claims rebound from 44-year low

Ø  Jindal loses all three coal mines as Delhi HC rules in Govt's favour

Ø  Rel Inds' over 10% shares exchange hands via block deal


Mint

Ø  India and Belgium sign Protocol to amend DTAA

Ø  $55 b inflow from domestic investors possible by FY19: Citi

Ø  ICEX likely to restart operations by month-end

Ø  DRL’s gets 13 observations from USFDA for Duwada facility

Ø  IFMR Capital, Sumitomo Mitsui Banking ink pact 

Ø  France’s GDF to exit Petronet by selling entire 10% stake



Ø  Parliament passes bill to raise maternity leave to 26 weeks

Ø  RBI opposes $1.17 bn settlt pact between Tata and Docomo

Ø  Delhi HC bars Cipla from selling Novartis’ respiratory drug

Ø  SC asks Vijay Mallya whether he truthfully disclosed assets

Ø  D-Mart IPO oversubscribed 5.71 times on Day 2

Ø  Indian banks at risk of skipping coupon payments on bonds, says Fitch 


Financial Chronicle

Ø  China warns of 'trade war' if United States ignores World Trade Organisation

Ø  Insurers may offer discounts to customers via e-commerce sale

Ø  Oil bulls blink after months of attempts to push crude prices higher

Ø  Huge potential exists to boost trade with Africa: Nirmala Sitharaman


Ø  Trai moots PDOs, aggregators for low-cost public wi-fi service

Ø  Google acquires Kaggle in boost to data play

Ø  Sensex extends losses ahead of exit polls; down 87 pts

Ø  DeMo has reinforced faith in gold: WGC

Ø  Centre for scrapping of stamp duty on affordable housing projects

Ø  Price control may come back to iron ore, coal