Business standard

Ø  SEBI set to block P-note route for NRIs

Ø  One group, one tax likely in GST to avoid complexity

Ø  'Merge govt, central bank budgets for better fiscal outcomes'

Ø  MoU signed for Assam's Numaligarh Refinery expansion

Ø  Merger with BSNL desirable for strong pan-India play: MTNL CMD

Ø  'Saudi to shelve billions of dollars of unfinished projects'

Ø  Iran opens South Pars gas field phases worth $20 bn


Ø  85% Indian firms optimistic on economic recovery, says survey

Ø  Finance Ministry okays 8.65% interest on EPF for 2016-17

Ø  Foreign Portfolio Investors' net inflow at Rs 16,500 crore in April

Ø  Email id for black money information receives over 38,000 mails

Ø  UP's sugar mills to participate in raw sugar import programme

Ø  Barclay brothers bid for Grosvenor House hotel

Mint

Ø  Fast-track divestment: SUUTI stake-sale among top options

Ø  Finance Ministry approves 8.65% interest rate on EPF

Ø  Cairn India, partners to invest Rs. 3,240 in Ravva fields

Ø  Trading in corporate debt securities hits record 14.7 lakh cr in 2016-17

Ø  M-cap of top 6 cos falls by Rs.47,463 cr; TCS, RIL badly hit


Ø  Infosys to ramp up local hiring in US amid H-1B visa concerns

Ø  Finance ministry expects 6 banks to raise funds via FPO

Ø  Govt may soon allow 100% FDI in cash, ATM management companies

Ø  Petrol price hiked by Rs1.39 per litre, diesel up by Rs1.04

Ø  Opec warns of a world that still has far too much oil


Financial Chronicle

Ø  Credit growth plunges to over 60 year low at 5% in FY17

Ø  PSU insurers gain big from ITC; private players turn ‘responsible’

Ø  Withdrawal trend reverses in Jan Dhan accounts; deposits up Rs 1,000 cr

Ø  Post demonetisation, 90 per cent Indians book holidays via plastic money


Ø  MF assets soar to Rs 17.5L cr in FY17

Ø  MP govt, DMRC to ink pact to supply power from Rewa project

Ø  Present Indian market valuations seem stretched

Ø  CBEC sanctions Rs 1 cr to each zone for GST outreach

Dow : 20453      -138          -0.67%

Nasdaq : 5805     -31          -0.53%

S&P500 : 2328    -15           -0.68% 

VIX : 15.96        +0.19         +1.20%

Nikkei : 18235      -99          -0.54%

Infy : -5.11 %,           Wit :     -1.53%

Ttm : -2.00%,            Rdy :    -0.25%

Hdb : +0.08%,          Ibn :      -0.46% 

SBID : +0.22%,         RIGD :  +0.85%

Us/Inr : $64.45        Eu/Us :  1.06

DIX : 100.44,            JPY :  108.33

Gold : $1296,           Silver : $ 18.62

Oil : $ 53.00,              Brent : $ 55.71

US10-YR : 2.205%         -0.023

SGX Nifty : 9151.50      -4.00

Reliance Power Q4

Consol Net Profit at Rs 216 Cr Vs Rs 61.55 Cr YoY; 

Consol Sales at Rs 2,466 Cr Vs Rs 2,469 Cr YoY

Total Income At Rs 2,696.5 Cr Vs Poll Of Rs 2,700 Cr

EBITDA At Rs 1,295.6 Cr Vs CNBC-TV18 Poll Of Rs 1,213 Cr; 

EBITDA Margin At 48% Vs CNBC-TV18 Poll Of 45%

Infosys Q4

Standalone Net Profit At Rs 3,562 Cr

Sales Seen at Rs 17,265 Cr Vs Rs 17,273 Cr QoQ

Dollar Sales Seen At $2,586 Mn Vs $2,551 Mn, Up 1.5% QoQ

EBIT Margins Seen At 24.6% vs 25.1% QoQ

NIFTY BANK VIEW

Nifty Bank (21666)

Nifty Bank had resumed from 21500 zone crossed the three tops high of previous trading days forming a high of 21787.

Now when it trades above 21800 it can show 21900..22000 soon.

Today being weekly expiry nifty bank can show volatile moves.

NIFTY 50 VIEW

Nifty 50 (9203)

Nifty as mentioned yesterday has a bounce back support @ 9160..9140 zone in short term charts.

If holds here and resume it can break the consolidation range of last four days and show 9280..9300 zone.

Close below 9130 can take it to 9110..9080 zone.

Economic Times

Business Standard

Ø  India's retail inflation edges up to 3.81% in March

Ø  Cabinet orders winding up govt’s procurement dept

Ø  India 2nd fastest growing market for PVs globally

Ø  Panel suggests 3% fiscal deficit target for FY18-20 

Ø  Credit card payment by Indians high: Cibil’s survey

Ø  Donald Trump robs billions off Indian IT czars

Ø  Panel suggests reducing total debt of 60% of GDP 

Ø  FRBM panel sets 2.5% fiscal deficit target by FY23

Ø  Cabinet clears listing of 11 PSUs

Ø  IIP contracts 1.2% in Feb on weakness in consumer and capital goods

Ø  Oil PSUs to give preference to domestic cos in procurement

Ø  Rupee sinks 17 paise to 64.67 on global woes

Ø  Exchanges for overhaul of 'fit and proper' rules
Business Line

Mint

Ø  Tata Motors arm launches Made-in-India robot

Ø  Petrol, diesel prices to change daily from May 1

Ø  Pharma exports down marginally in 2016-17: Pharmaexcil

Ø  Wipro bags ₹615-crore project in Karnataka

Ø  FSSAI to get flavour of global food standards

Ø  Farmers need MSP, not loan waivers: MS Swaminathan

Ø  Amazon gets RBI nod for e-wallet in India

Ø  Solar power tariff falls to record low of Rs3.15 a unit

Ø  Airtel seeks Trai intervention on Reliance Jio Dhan Dhana Dhan offer

Ø  IFC to lend $100 million to Federal Bank for Gujarat’s Gift City branch

Ø  EPFO extends deadline for submitting Aadhaar to 30 April

Financial Express

Financial Chronicle

Ø  States' fiscal health to deteriorate further in FY18: Report

Ø  Large US firms stashed $ 1.6 trillion in tax havens: Oxfam

Ø  Dollar at 5-month lows vs yen on rising geopolitical tensions

Ø  NITI Aayog all set to boost farmers income, clear way for private mandis

Ø  Reliance to start coal-bed gas sales in May as prices freed

Ø  Private sector banks better placed to explore M&As

Ø  Sensex slides 145 pts as geo-political worries build

Ø  Finmin sets up panel to take stock of virtual currencies

Market Update

Sgx Nifty -45 pts
‎Dow -59.44 pts ,Nsdq -30.61 pts , S&P -8.85 pts , Bovespa -468 pts , Ftse -16 pts , Dax +15 pts  , Cac -0.75 pts , Nikkei -214 pts now , Crude @ $52.94 brl (-0.17), Brent @ $55.70 brl (+0.17) , Gold @ 1288.15 (+10.05), Silver @ $18.487 (+0.17), Euro @ $1.0661, JPY @ $108.9200, INR @ $64.535





Today's Corporate Action
13th Apr  Ex Date


 ONTIC
Consolidation of Shares 



Today's Key Result 
13th Apr



Infy(Cons 3403 cr +5% Yoy Res-Before Mkt)
Bajaj Corp,Reliance Power
Source-Cogencis





Today's Data Alert 



Apr 13: Infosys management to address media post Jan-Mar earnings.
1400 IST, Bengaluru.

Apr 13: Rainfall for week to Apr 12, by IMD.

Apr 13: Water level in major reservoirs as on Apr 13, by CWC.





Today's Global Data




Apr 13: UK March RICS residential market survey; 0431 IST

Apr 13: Japan February revised retail sales; 1000 IST

Apr 13: Germany March Consumer Price Index; 1130 IST

Apr 13: Bank of England Jan-Mar credit conditions, bank liabilities surveys;
 1400 IST

Apr 13: Bank of England Jan-Mar credit conditions review; 1400 IST

Apr 13: US March producer price index; 1800 IST

Apr 13: US weekly export sales; 1800 IST

Apr 13: US initial jobless claims for week ended Apr 8; 1800 IST

Apr 13: US EIA natural gas storage report for week ended Apr 7; 2000 IST

Apr 13: Organisation for Economic Co-operation and Development economic
survey of Japan

Economic Times

Business Standard

Ø  NSE ex-staffer reveals how some got preferential access to servers

Ø  P-notes back after laws close up to international norms

Ø  Banks cutting rates to use liquidity available: Jaitley

Ø  Jio launches 'Dhan Dhana Dhan' offer at Rs 309 

Ø  China remains world's biggest executioner: Amnesty

Ø  Capital infusion in banks not the last step: Jaitley



Ø  SC pulls the plug on Tata, Adani power tariff relief

Ø  Vedanta, Cairn India finish merger to form $15.6-bn market cap entity

Ø  Currency returned to RBI post-note ban being calculated: Jaitley

Ø  Govt removes limits on corporate funds to political parties

Ø  Mahindra Holidays buys 3.22% in HCR for 2.16 mn euros

Ø  NPA policy: Govt to help banks speed up decisions

Business Line



Mint

Ø  Aditya Birla Nuvo shareholders approve merger with Grasim

Ø  Power Ministry launches portal for notifying electricity outage

Ø  BHEL bags order from Railways for solar power plant

Ø  Cox & Kings promoter picks up 51% stake in travel start-up 

Ø  Clearing BS-III inventories and slowdown woes dog truck makers 



Ø  March inflation seen edging up closer to RBI’s mid-term target: Reuters poll

Ø  Govt planning tougher norms for commodities spot market

Ø  Tata Steel JV poses high risk for Thyssenkrupp, warns German union

Ø  Macquarie to acquire solar power assets of Hindustan Powerprojects in $600 mn deal



Financial Express



Financial Chronicle

Ø  IBA looking for forensic auditors to check bank frauds

Ø  Bharti Airtel appeals ASCI to review order on fastest network ad

Ø  Vedanta Resources’ zinc output rises 40 per cent in India

Ø  Parliamentary panel for reservation in Petronet LNG Ltd



Ø  US anti-trust probe hobbles pharma companies

Ø  Yogi cracks the whip on erring sugar mills

Ø  Oil stocks rise on prospect of free pricing of auto fuel

Ø  Karnataka Bank soars on ICICI’s stake buy

Market Update

Sgx Nifty -37 pts
‎Dow -6.72 pts ,Nsdq -14.15 pts , S&P -3.38 pts , Bovespa -290 pts , Ftse +16 pts , Dax -61 pts  , Cac -5 pts , Nikkei -256 pts now , Crude @ $53.53 brl (+0.13), Brent @ $56.37 brl (+0.10) , Gold @ 1277.55 (+3.55), Silver @ $18.352 (+0.09), Euro @ $1.0608, JPY @ $109.6500, INR @ $64.665

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.2836%

Today's Corporate Action
12th Apr  Ex Date

FAG BEARING 
Dividend - Rs. - 12.0000
KSBPUMPS
Dividend - Rs. - 5.5000

Today's Data Alert

Apr 12: CPI Combined inflation for March, by CSO. 1730 IST.

Apr 12: Index of Industrial Production for February, by CSO. 1730 IST.

Apr 12: Budget session of Parliament to end.

NIFTY BANK VIEW

Nifty Bank (21736)

Nifty Bank yesterday traded above hammer of previous trading day ending with a bullish engulfing candle which shows a pattern of three white soldiers can be formed in coming two days.

The pattern if forms will take nifty bank to 22400 with the support of 21300..21400 zone as mentioned in our earlier reports.

NIFTY 50 VIEW

Nifty 50 (9237)

Nifty 50 yesterday had hold the support @ 9180..9200 zone with a low of 9172 and bounced with a close above 9220 forming kind of bullish engulfing candle to catch its uptrend.

It can show 9270..9300 soon.

Support zone lies @ 9180..9200 ..

NIFTY BANK VIEW

Nifty Bank (21520)

Nifty Bank has made a double bottom yesterday @ 21390 zone and bounced to 21570.

If it holds today the same support zone of 21300..21400 it will resume to 21700..21900.

Close below 21300 can slide down nifty bank to 21100..20800.

NIFTY 50 VIEW

Nifty 50 (9181)

Nifty is trading near its support and bounce back zone of 9180..9200.

It has to close above 9200 to resume its uptrend to show 9240..9280.

The positional charts are showing close below 9180 can slide nifty to 9160..9140.

MARKET UPDATE

Dow : 20658      +1        +0.01%

Nasdaq : 5880   +3       +0.05%

S&P500 : 2357   +1       +0.07% 

VIX : 14.05     +1.18      +9.17%

Nikkei : 18711   -86       -0.46%

Infy : -0.65%,              Wit: -1.49%

Ttm : +1.39%,            Rdy:  -0.66%

Hdb : +0.04%,            Ibn: -0.23% 

SBID : -1.21%,            RIGD: -3.20%

Us/Inr : $64.57          Eu/Us:1.05

DIX : 100.94,              JPY: 110.75

Gold : $1258,             Silver: $17.98

Oil : $53.18,                Brent: $56.07

US10-YR : 2.354%         -0.007

SGX Nifty : 9214.00      +4.00            
          
Nifty 9185 ( - 25 )

Economic Times

Business Standard

Ø  Railways to allow private cos to run own freight trains

Ø  Realty sector gets 19 investments worth $3.4 bn

Ø  Global IT spend to grow 1.4% to $3.5 tn in 2017: Gartner

Ø  Niti Aayog close to finalising 3-year action plan

Ø  Reliance Jio to launch more exciting offers

Ø  Flipkart raises $1.4 bln, acquires eBay India 

Ø  TDSAT defers hearing on Jio offer case to April 20



Ø  Tata Motors global sales rise 9% in March

Ø  Reliance Power signs deal worth $1 bn from Bangladesh Power Board

Ø  Govt reduces number of centrally sponsored schemes from 66 to 28

Ø  India & Australia commit to begin uranium exports, hold talks on trade pact

Ø  AT&T to buy Straight Path Communications for $1.25 bn in all-stock deal

Business Line



Mint

Ø  No proposal to review FDI policy in multi-brand retail: Govt

Ø  Vodafone moves Trai against Jio Summer Surprise offer 

Ø  USFDA issues 4 observations to Marksans Pharma’s Verna plant

Ø  China-based hacker group targeting Indian firms: FireEye

Ø  L&T arm wins Rs. 5,250-cr order from Qatar firm

Ø  NIIT-led consortium bags Rs. 750-cr deal from Canada’s RECO



Ø  India is one of world’s most expensive stock markets

Ø  RBL Bank now among India’s 10 most valuable banks

Ø  India is losing faith in free-trade agreements

Ø  RBI may go for 25 bps rate cut in August: BofAML report

Ø  Technology hits workers’ income share more than trade, IMF says

Ø  Fortum India to add 250MW solar power capacity every year



Financial Express



Financial Chronicle

Ø  India's fuel consumption grows at slower rate of 5% in FY17

Ø  HDFC Bank to raise Rs 50,000 cr in next 12 months

Ø  Emerging economies face less supportive external environment, warns IMF

Ø  Tesla overtakes General Motors in market value



Ø  Pharma sector hit by US FDA concerns and rising rupee

Ø  Centre plans steps to support import-scarred steel sector

Ø  All liquor shops across MP to be shut down: Chouhan

Ø  D-Mart’s m-cap surges past Rs 50,000 cr mark

Nifty bank (21444)

Nifty bank has made a selling pattern of M and inverted hammer in positional charts which can slide nifty bank to 20980 zone if it trades below 21300 and maintains on closing basis 
Now if bank nifty holds @ 21300 it can resume to 21700

Nifty 50 (9198)

Nifty has made a selling  candle pattern of inverted hammer in positional charts 
It is near the support zone of 9200..9180 
Close below 9180 can slide it to 9080 
If holds here it can bounce to 9250..9300

NIFTY BANK VIEW

Nifty Bank (21622)

Nifty bank has formed multiple hammer in the range of 21400..21700.

Now the break through this range will show the further levels of 21800..21900.

Below 21300..21000 lies the support zone.

NIFTY 50 VIEW

Nifty 50 (9261)

Nifty did not break 9200 and rose up towards 9300 with a high of 9267.

Both candles are hanging man doji hammers and now to trade above 9280 is important.

Support zone lies at 9200.

Resistance levels remain the same at 9300..9444.

Market Update

Sgx Nifty +3 pts
‎Dow +14.80 pts ,Nsdq +14.47 pts , S&P +4.54 pts , Bovespa -552 pts , Ftse -28 pts , Dax +13 pts  , Cac +29 pts , Nikkei +172 pts now , Crude @ $51.74 brl (+0.04), Brent @ $54.88 brl (+0.03) , Gold @ 1253.35 (+0.05), Silver @ $18.242 (-0.00), Euro @ $1.0644, JPY @ $110.9000, INR @ $64.620





Today's Corporate Action
7th Apr  Ex Date



AEL
Interim Dividend - Rs. - 0.1500
BOCINDIA
Dividend - Rs. - 0.7500
MINDTREE
Interim Dividend - Rs. - 2.0000






Today's Data Alert 




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





Today's Global Data




Apr 7: US Federal Discount window borrowings; 0200 IST

Apr 7: US foreign central bank holdings data; 0200 IST

Apr 7: US Money Stock measures; 0200 IST

Apr 7: UK Mar Markit report on jobs; 0431 IST

Apr 7: Japan provisional trade statistics for first 20 days of March; 0520
IST

Apr 7: Japan Mar international reserves data; 0520 IST

Apr 7: Japan Feb Indexes of Business Conditions - preliminary release; 1030
IST

Apr 7: Germany Feb Industrial Production Index data; 1130 IST

Apr 7: Germany Feb foreign trade data; 1130 IST

Apr 7: UK Mar Halifax House Price Index; 1300 IST

Apr 7: UK Feb Index of Production; 1400 IST

Apr 7: UK Feb trade data; 1500 IST

Apr 7: Bank of England governor Mark Carney speech; 1430 IST

Apr 7: UK Mar NIESR GDP estimates; 1730 IST

Apr 7: US Mar employment report; 1800 IST

Apr 7: US Feb wholesale trade; 1930 IST

Apr 7: Eurogroup Meeting of finance ministers

Apr 7: Japan Feb provisional labour survey data

Apr 7: Meeting of G20 ministers in charge of digitalisation concludes

Apr 7: Informal ECOFIN meeting of European Union finance ministers

Apr 7: US President Donald Trump to host Chinese President Xi Jinping in
Florida for second day

Business Standard

Ø  Trai tells Jio to withdraw Summer Surprise offer 

Ø  Demonetisation to have positive impact, says ADB 

Ø  Apax to set aside $1bn to bet on PM Modi’s reforms

Ø  Govt adds procedural speed to its Rs 21.47-lakh-cr spending plan

Ø  Promotional plans hurt revenues of telcos: DoT

Ø  CPPIB, Phoenix ink pact for realty investment platform

Ø  ReNew Power plans IPO to raise up to $600 million


Ø  RBI surprises with reverse repo hike

Ø  Farm loan waiver engenders a moral hazard, says Urjit Patel

Ø  ADB scales down India's growth to 7.4% for FY18

Ø  ONGC bats for deregulation of gas market for prosperity of industry

Ø  Parliament passes Bills to pave way for GST

Ø  MCX to appoint auditor for IT policy administration

Ø  RBI promises more effective steps to tackle NPA pains

Mint

Ø  RBI keeps repo rate on hold, shifts focus to excess liquidity

Ø  GST Bills passed in Rajya Sabha without amendments

Ø  No cash payout likely in Flipkart, Snapdeal merger

Ø  Antibiotic research ‘transformative’ for Wockhardt

Ø  Cipla in global pact with US company for muscle relaxant


Ø  RBI to allow banks to invest in REITs, InvITs

Ø  Infrastructure sector sees deals worth $3.49 billion in FY17

Ø  Hindustan Unilever may recombine food, refreshment divisions

Ø  Vedanta firms up clean energy plans for India

Ø  March quarter PE fundraising likely to cross $90 billion

Financial Express

Financial Chronicle
Ø  Sensex, Nifty recoup losses as RBI predictably keeps key policy rates unchanged

Ø  Soaring rupee set to hit Infosys, TCS, Wipro, HCL Technologies Q4 results

Ø  Emami Group expands edible oil footprint to north, west markets

Ø  BSNL earmarks Rs 4,300-crore capex for FY18, plans 75k wifi sites

Ø  HPCL reworks fiscal pact for Rajasthan refinery, work to start


Ø  CACP suggests 5 per cent hike in MSP for most kharif crops

Ø  Stressed assets go from bad to worse

Ø  India ranks 9th among 41 in corruption in business

Ø  Toyota recalls 23,157 units of Corolla Altis

Ø  Airtel completes installation of 1.8 lakh sites in 2 years

Ø  RBI retains policy at 6.25%; ups reverse repo, MSF by 25 bps

NIFTY BANK VIEW

Nifty Bank (21652)

Nifty bank yesterday did not cross 21700 the previous month's high.

If crosses today it can show 21766..21950

Below 21600 it can slide to 21400....21300 zone

NIFTY 50 VIEW

Nifty 50 (9265)

Nifty is showing some cool down signals in daily charts below 9260 to 9210..9200 zone.

Above 9280 it can enter new rally zone up-to 9308..9444.

If trades below 9200, it can slide to 9170.

Today being RBI POLICY MARKET can be volatile.

Business Standard

Ø  India's solar ene rgy expanded by record 5,525 MW

Ø  Time to build India, exploit resources: Anil Agarwal

Ø  India to be global hub for components: Sommer

Ø  Trade deficit with China at $46.7 bn in Apr-Feb: Govt

Ø  FDs score over equities, MFs for investment: SurveyØ  'India to become 2nd largest steel producer by 2018'

Ø  AAI incurred Rs 70 crore losses, says CAG report

Ø  UTI MF on road to go public with SBI nod

Ø  Card, mobile banking volumes fall, sharp rise in UPI

Ø  Banks want RBI to relax norms for loans to highly indebted firms

Ø  Ban on cash not applicable for bank, PO withdrawals

Ø  At $1 bn valuation, Softbank readies Snapdeal for merger with Flipkart

Ø  Duty-free import of 500,000 tonnes raw sugar till June 12

Ø  Sebi chief Tyagi to meet investment bankers over primary market reforms
Business Line

Mint

Ø   RJio’s 72 mn paid users credit positive for Reliance: Moody’s

Ø  No consensus among Opposition parties on GST Bill amendments

Ø  Adani’s coal mine project in Australia granted water licence

Ø  Rly regulatory body gets Cabinet’s green signal

Ø   Gulf Oil arm to merge with Quaker Chemical

Ø  Govt may hike salary threshold to Rs21,000 for mandatory PF coverage

Ø  Shankara Building shares debut on stock market, gain 38% on listing

Ø  Eveready looking beyond batteries to boost growth

Ø  US agrees to Chem China’s $43 billion takeover of Syngenta

Ø  SBI unveils new branding after merger of 6 entities
Financial Express

Financial Chronicle

Ø  Multi Commodity Exchange commences futures trading in RBD palmolein

Ø  Copper industry sees worst of crisis over, but recovery gradual

Ø  Haryana govt's new policy allows liquor vends to sell IMFL, country-made liquor

Ø  FDs score over equities, MFs for investment: Sebi survey

Ø  Mahindra plans to start electric bus sales next year

Ø  RIL crosses 1,400-mark on BSE after a 9-year gap

Ø  No plans to demonetise Rs 2,000 notes, says Rijiju

Ø  Tata Power Renewable Energy commissions 100 MW wind farm

Ø  Sensex breaches 30k-mark, Nifty at new high of 9,264

Market Update

Sgx Nifty -31 pts
‎Dow -41.09 pts ,Nsdq -34.13 pts , S&P -7.21 pts , Bovespa -994 pts , Ftse +9 pts , Dax -64 pts  , Cac -9 pts , Nikkei -158 pts now , Crude @ $50.91 brl (-0.24), Brent @ $54.04 brl (-0.01) , Gold @ 1260.05 (+11.55), Silver @ $18.328 (+0.14), Euro @ $1.0671, JPY @ $110.4100, INR @ $65.050

Today's Corporate Action
6th Apr  Ex Date

COLPAL
Interim Dividend - Rs. - 3.0000
SKFINDIA
Buy Back of Shares 

Today's Data Alert

Apr 6: RBI's Monetary Policy Committee to meet.

Apr 6: Nikkei services and composite PMI for March, by IHS Markit.

NIFTY BANK VIEW

Nifty Bank (21547)

Nifty bank has taken support on its previous trading day @ 21400.

Now when it will trade above 21600 it can show 21760..21940 zone.

Support zone lies @ 21300..21180.

Any break through this zone can slide nifty bank to 21000.

NIFTY 50 VIEW

Nifty 50 (9237)

Nifty has given a close above its all time  high and now its heading towards 9280..9300 with the support of 9180- 9200.

If nifty trades below 9180, it can slide to its positional support and bounce back zone of 9120-9100

Economic Times

Business Standard

Ø  OVL to invest over $3b in Iran gas block; submits plan

Ø  India, Britain talk up post-Brexit trade prospects

Ø  UK minister says Vijay Mallya matter sub-judice

Ø  Kishore Biyani plans a discount coup against Amazon, Flipkart

Ø  US firms ignoring local hiring may face prosecution

Ø  SBI accomplished mass mission: SBI chairperson


Ø  Yogi cabinet waives off crop loans worth Rs 36,000 cr

Ø  India, UK to set up 240 mn pound fund for green energy projects

Ø  Cash withdrawal seeing a rapid declining trend, post cash ban

Ø  Moody's retains rating on SBI's senior unsecured notes

Ø  ABB Group acquires Austrian machine automation firm B&R

Ø  US trade deficit falls as exports hit two-year high

Business Line

Mint
Ø  Export Development Canada eyes $1.3-b financing in India this year 

Ø  Computer programmer not to qualify as speciality occupation: US

Ø  Washington Apples expects to double exports to India

Ø  Yes Bank records $1 bn on IBU balance sheet at GIFT-IFSC 

Ø  Better rates, summer showers help rubber sector beat target 

Ø  Malaysia offers consultancy support to U’khand for infra works 


Ø  RBI clears proposal to introduce Rs200 notes

Ø  Govt plans new equity savings scheme with bigger tax benefits, easier norms

Ø  Govt planning to empower RBI to deal with stressed assets: report

Ø  Dr Reddy’s gets 2 USFDA observations for Srikakulam plant

Ø  Softbank preps Snapdeal for sale, moves to buy Kalaari, Nexus stakes

Ø  H1B visas to become harder to get as Donald Trump starts crackdown

Financial Express

Financial Chronicle
Ø  Exports of gems and jewellery up 9.5 % in April-January

Ø  S&P downgrades South Africa to junk

Ø  RBI seen holding rates, not pulling another surprise

Ø  IMF chief warns slowing productivity risks living standards drop


Ø  CAG to audit UN Secretariat in New York

Ø  SBI, 2 others cut base rates, old borrowers to benefit

Ø  Govt exceeds FY17 tax collection target at Rs 17.10 lakh cr

Ø  Chidambaram under CBI lens in Aircel-Maxis case

Market Update

Sgx Nifty +13 pts(9287) Nifty Fut (9274)
‎Dow +39.03 pts ,Nsdq +3.93 pts , S&P +1.32 pts , Bovespa +557 pts , Ftse +39 pts , Dax +25 pts  , Cac +15 pts , Nikkei +27 pts now , Crude @ $51.18 brl (+0.15), Brent @ $54.25 brl (+0.06) , Gold @ 1257.05 (-1.35), Silver @ $18.297 (-0.02), Euro @ $1.0678, JPY @ $110.8600, INR @ $65.095





Today's Corporate Action
5th Apr  Ex Date



CONCOR
Bonus issue 1:4

NIFTY BANK VIEW

Nifty bank (21444)

Nifty bank is on its all time high.

21000 is its support zone.

It can show 21700..22080

NIFTY 50 VIEW

Nifty 50 (9173)

Nifty has completed the candle stick pattern of three soldiers in monthly charts.

Now to stay in its uptrend mode it has to remain above 9140..9160 zone and cross its all time high of 9218.

Positional support is @ 9000.

It can show 9244 ..9280

Economic Times

Business Standard

Ø  'Only five large banks can survive in the long-term'

Ø  PE investment in office assets to hit $3.5 bn: C&W

Ø  GST: Govt to keep healthcare, education out of ambit

Ø  ATMs, credit, debit cards set to disappear: Niti Aayog

Ø  GST: Tax evasion over Rs 5 cr a non-bailable offence

Ø  Govt withdraws subsidy to mild hybrids under FAME

Ø  Finance Ministry seeks public comments on GST rules

Ø  Highway liquor ban may hit 1 mn jobs, 2000 hotels



Ø  Higher levy under GST for demerit goods, exchange offers

Ø  ISRO embraces private sector, outsources satellite manufacturing

Ø  BSE ready to launch for commodity trading; waiting for Sebi nod: CEO

Ø  San Miguel plans $34-bn investments, eyes Saigon Beer stake

Ø  BSE to charge transaction fee for each equity trade from Monday

Ø  Exim Bank to raise $3 bn from overseas markets this fiscal

Business Line



Mint

Ø  RBI must focus on NPA resolution for now: Assocham

Ø  Tax dispute scheme gets tepid response, garners Rs. 1,200 cr

Ø  Govt plans to change security features of bank notes every 3-4 years

Ø  Govt in advanced talks with entities for investment in NIIF

Ø  Chasing jobs, many fudge educational qualifications: Report



Ø  Tata Motors sales up 8% at 57,145 units in March

Ø  Five associate banks, BMB merge with SBI

Ø  Jio's new pricing will continue to bleed industry: COAI

Ø  Maruti Suzuki March sales rise 8.1% at 139,763 units

Ø  Subsidised LPG cylinder price hiked by Rs5.57, ATF cut by 5%

Ø  RBI policy in limelight for markets in truncated week

Financial Express



Financial Chronicle

Ø  Govt withdraws subsidy to mild hybrids vehicles under FAME scheme

Ø  RBI likely to maintain status quo on April 6

Ø  US government report pans India over human rights violations

Ø  Mutual Funds add 67 lakh folios on higher retail participation

Ø  Mutual Funds add 67 lakh folios on higher retail participation



Ø  Infy shareholders okay buyback clause, COO’s pay

Ø  CCEA nod to amend mega power policy to push 31GW stalled projects

Ø  Rupee surges 4.3% on positive domestic and global cues

Ø  Kerala slaps Rs 2,600 crore tax notice on jewellers

Ø  Rs 56,261 cr: Huge FPI funds pumped into Indian markets as GAAR kicks in

MARKET UPDATE

Dow:20663           -65        -0.31%

Nasdaq:5911         -2         -0.04%

S&P500:2362        -5         -0.23% 

VIX :12.37          +0.83     +7.19%

Nikkei:18397      +28       +0.15%

Infy:+0.00%,               Wit: -0.39%

Ttm: -0.42%,              Rdy: -1.16%

Hdb:+1.16%,              Ibn: -1.04% 

SBID: -0.22%,          RIGD:+3.73%

Us/Inr: $64.85           Eu/Us:1.06

DIX: 100.39,             JPY: 111.17

Gold:$1250,         Silver: $18.24

Oil: $50.58,           Brent: $53.45

US10-YR : 2.395%   -0.000

SGX Nifty: 9192.50   +00.00