Market Update

Sgx Nifty +1 pts
‎Dow -21.03 pts ,Nsdq -0.27 pts , S&P -1.16 pts , Bovespa -286 pts , Ftse +13 pts , Dax +5 pts , Cac +10 pts , Nikkei -39 pts now , Crude @ $49.32 brl (-0.30), Brent @ $52.08 brl (+0.01) , Gold @ 1268.87 (+4.67), Silver @ $17.499 (+0.06), Euro @ $1.0908, JPY @ $111.1900, INR @ $64.055





Today's Corporate Action
27th Apr  Ex Date



ELANTAS
Dividend - Rs. - 4.5000
MOLDTEK
Interim Dividend - Rs. - 0.3000





Today's Key Result
27th Apr



Kotak Bank(977 Cr +40% Yoy )
M&M(651 cr +12% Yoy)
Maruti(1758 cr + 55% Yoy)
Biocon,Gtl Infra,Hatsun Agro,Indiabulls Real Est,Indiabulls Vent,Mahindra Cie, Mosl,Rel Capital,Sqs Ind,Sygene Int,Tata Elxsi,Tvs Motor,Ujjivan Fin,Uttam Sug
Source-Cogencis



Today's Data Alert



Apr 27: Railway Minister Prabhu, SBI Chairman Bhattacharya, among others, to
be  present at AIMA Managing India Awards. 1745 IST, New Delhi.

Apr 27: Rainfall for week to Apr 26, by IMD.

Apr 27: Water level in major reservoirs as on Apr 27, by CWC.







Today's Global Data




Apr 27: UK March monthly automotive manufacturing figures; 0431 IST

Apr 27: Japan April provisional trade statistics for first 10 days of month;
 0520 IST

Apr 27: Japan March detailed import and export statistics; 0600 IST

Apr 27: Germany May GfK consumer climate survey; 1130 IST

Apr 27: Japan March steel imports and exports statistics; 1130 IST

Apr 27: UK April nationwide house price index; 1130 IST

Apr 27: Germany April Saxony Consumer Price Index-based Inflation; 1230 IST

Apr 27: Germany April Bavaria Consumer Price Index-based Inflation; 1330 IST

Apr 27: Germany April Brandenburg Consumer Price Index-based Inflation; 1330 IST

Apr 27: Germany April Hesse Consumer Price Index-based Inflation; 1330 IST

Apr 27: Germany April North Rhine Westphalia Consumer Price Index-based
 Inflation; 1330 IST

Apr 27: European Union April Business & Consumer Surveys - Business Climate Indicator; 1430 IST

Apr 27: UK April CBI monthly distributive trades survey; 1530 IST

Apr 27: European Central Bank interest rate announcement; 1715 IST

Apr 27: Germany April provisional Consumer Price Index-based Inflation; 1730 IST

Apr 27: US March advance report on durable goods; 1800 IST

Apr 27: US March advance economic indicators report; 1800 IST

Apr 27: US unemployment insurance weekly claims report for the week ended
Apr 22; 1800 IST

Apr 27: US weekly export sales; 1800 IST

Apr 27: US March pending home sales index; 1930 IST

Apr 27: US Jan-Mar housing vacancies; 1930 IST

Apr 27: US EIA weekly natural gas storage report for the week ended Apr 21; 2000 IST

Apr 27: US April Federal Reserve Bank of Kansas City survey of tenth
district; 2030 IST

Apr 27: US Securities and Exchange Commission closed meeting; 2330 IST

Apr 27: Bank of Japan Outlook Report

Apr 27: Japan Monetary Policy Meeting decision

Apr 27: Germany April Baden-Wuerttemberg Consumer Price Index-based Inflation

Axis Bank

PAT Rs 1,225 cr Vs Rs 2,154 cr, Down 43% YoY

NII Rs 4,728 cr Vs Rs 4,552.6 cr, Up 3.8% YoY

Gross NPA At 5.04% Vs 5.22%; 

Net NPA At 2.11% Vs 2.18% (QoQ) 

Gross Slippages At Rs 4,811 Cr Vs Rs 4,560 Cr (QoQ) 

Net Slippages At Rs 2,008 Cr

Net Interest Margin At 3.83% Vs 3.43% (QoQ); 

Provisions At Rs 2,581 Cr Vs Rs 3,795.8 Cr (QoQ) & Rs 1,168 Cr (YoY)

Total Deposits As On March 31 Up 15.8% At Rs 4.14 Lakh Cr 

Net Advances Up 10.1% At Rs 3.73 Lakh Cr YoY

NIFTY 50 VIEW

Nifty 50 (9306)

Nifty has given a good move yesterday with a gap up close and touched the resistance level of 9308.

One more gap up in coming days can bring back the uptrend momentum back in market.

For today support lies @ 9280..9250 zone.

Resistance is @ 9308..

If nifty maintain above 9310 it can show soon 9420..9440.

NIFTY BANK VIEW

Nifty Bank (22054)

Nifty Bank made a new high.

Now 21900 can act as support it can show 22200..22440 soon.

MARKET UPDATE

SGX Nifty +15 pts (9310) from last trade 9295 , 


Nikkei +119 pts , 
Hangseng +107 pts , 
Now @6.52am , 


‎Dow +232.23 pts ,Nsdq +41.67 pts , S&P +14.46 pts , Bovespa +759 , Ftse +10 pts , Dax +12 pts , Cac +9 pts , Crude @ $49.29 brl (-0.27), Brent @ $52.42 brl (+0.00) , Gold @ 1265.07 (-2.13), Silver @ $17.668 (+0.009), Euro @ $1.0930, JPY @ $111.0500, INR @ $64.3450 


Infy:+0.76%,             Wit: -0.92%
Ttm:+1.40%,            Rdy:+0.90%
Hdb:+0.64%,             Ibn:+1.91% 
SBID:+0.34%,        RIGD:+0.68%


Today's Corporate Action
26th Apr  Ex Date



BLS
Stock  Split From Rs.10/- to Rs.1/-
CAIRN
Amalgamation 
CAIRN
Interim Dividend - Rs. - 17.7000
ORIENTPPR
Interim Dividend - Rs. - 0.5000






Today's Key Result
26th Apr



Axis Bank( 895 cr -58% Yoy Res-After Mkt)
Foseco India,Gic Housing ,Kpit Tech,Lakshmi Vilas Bank,Lkp Fin,Ster Tech,Supreme Petro,Tata Sponge
Source-Cogencis



Today's Data Alert



Apr 26: Money supply as on Apr 14, by RBI.

Business Standard

Ø  ITAT rulings raise hopes of HSBC 'account holders'

Ø  VCs, PEs fear taxing times for directors under GST

Ø  Wipro posts 20% rise in Q4 net at Rs 2,303.5 cr

Ø  Nasdaq hits 6,000, Dow surges as earnings impress

Ø  India's wind power capacity crosses 32 GW: IWTMA

Ø  Shapoor Mistry resigns from Indian Hotels board

Ø  'Ericsson to start 5G lab trials in India this year'

Ø  Trai to invite stakeholder comments on spectrum auction in 15 days

Ø  Reliance to take more write offs on US shale gas assets

Ø  Bankruptcy is not a stigma, says PEA Sanjeev Sanyal

Ø  Only eight of Nifty50 stocks are at all-time high level

Ø  Government gets proactive on divestment

Ø  Sebi to discuss measures to check black money in deeper markets

Business Line


Mint

Ø  NSE to exclude Cairn India from SLB segment from Apr 26

Ø  Former SEBI Chairman GN Bajpai is now Chairman of Usha Martin

Ø  Consultation paper on spectrum auction in 15 days: TRAI

Ø  Alembic Pharma gets USFDA nod for anti-hypertension drugs

Ø   MF investments in bank stocks hit all-time high of over Rs. 1.26 lakh cr

Ø   Waiving agricultural loans could cost 2% of GDP: CEA 


Ø  Coal scam: CBI files corruption case against former chief Ranjit Sinha

Ø  RBI governor Urjit Patel says demonetisation effects ‘transitory’

Ø  LIC Housing Finance Q4 profit rises 18% to Rs529 crore

Ø  Rupee closes at fresh 20-month high against US dollar

Ø  Tata Power to sell non-core assets, improve efficiencies to offset Mundra impact

Financial Express


Financial Chronicle

Ø  NITI Aayog’s 3-year agenda suggests key reforms to bolster economy

Ø  In Q1, more than 50% employees to be locals in the US: Wipro

Ø  Compliance rating for industry under GST on the cards

Ø  Glenmark Pharma initiates clinical investigation for proposed biosimilar GBR 310

Ø  Wipro offers bonus shares, to consider share buyback

Ø  Govt giving top priority to addressing bad loans issue: Jaitley

Ø  India plans oil-for-drugs barter deal with Venezuela

Ø  Public sector banks merger could help banking system: RBI Gov

Ø  Centre turns down Maharashtra’s plea on pulses buy

Ø  Gold demand might have doubled in March quarter

MARKET UPDATE

SGX Nifty +15 pts (9310) from last trade 9295 , 


Nikkei +119 pts , 
Hangseng +107 pts , 
Now @6.52am , 


‎Dow +232.23 pts ,Nsdq +41.67 pts , S&P +14.46 pts , Bovespa +759 , Ftse +10 pts , Dax +12 pts , Cac +9 pts , Crude @ $49.29 brl (-0.27), Brent @ $52.42 brl (+0.00) , Gold @ 1265.07 (-2.13), Silver @ $17.668 (+0.009), Euro @ $1.0930, JPY @ $111.0500, INR @ $64.3450 


Infy:+0.76%,             Wit: -0.92%
Ttm:+1.40%,            Rdy:+0.90%
Hdb:+0.64%,             Ibn:+1.91% 
SBID:+0.34%,        RIGD:+0.68%


Today's Corporate Action
26th Apr  Ex Date



BLS
Stock  Split From Rs.10/- to Rs.1/-
CAIRN
Amalgamation 
CAIRN
Interim Dividend - Rs. - 17.7000
ORIENTPPR
Interim Dividend - Rs. - 0.5000






Today's Key Result
26th Apr



Axis Bank( 895 cr -58% Yoy Res-After Mkt)
Foseco India,Gic Housing ,Kpit Tech,Lakshmi Vilas Bank,Lkp Fin,Ster Tech,Supreme Petro,Tata Sponge
Source-Cogencis



Today's Data Alert



Apr 26: Money supply as on Apr 14, by RBI.

LIC Housing Finance Q4

Net Profit At Rs 529.2 Cr Vs CNBC-TV18 Poll Of Rs 530.7 Cr

NII At Rs 1,092 Cr Vs CNBC-TV18 Poll Of Rs 987.2 Cr

provisions at Rs 89.3 cr Vs Rs 37.6 cr, up 137.3% YoY & Vs Rs 45.3 cr, up 97.3% QoQ

Total Revenue at Rs 3,660 Cr Vs Rs 3,270 Cr YoY

NIFTY BANK VIEW

Nifty Bank (21857)

Nifty Bank has reversed from its downward channel and has given a good closing with a marubozu candle it can show 21950-22100 soon.

With the support of 21300-21400 zone.

Break through 21300-21400 can show 21000.

NIFTY 50 VIEW

Nifty 50 (9217) 

Nifty has given a good reverse from its support zone of 9080-9120 now when it trades above 9220 zone it can rise up-to 9280-9300.

Break through 9080 can take the stock to 9000 levels.

Market Update

Sgx Nifty +12 pts
‎Dow +216.13 pts ,Nsdq +73.30 pts , S&P +25.49 pts , Bovespa +628 , Ftse +150 pts , Dax +406 pts , Cac +255 pts , Nikkei +73 pts now , Crude @ $49.29 brl (+0.06), Brent @ $52.16 brl (+0.04) , Gold @ 1278.67 (+1.17), Silver @ $18.005 (+0.073), Euro @ $1.0865, JPY @ $109.6400, INR @ $64.430

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.2713%

Today's Corporate Action
25th Apr  Ex Date


SANOFI
Final Dividend - Rs. - 50.0000


Today's Key Result
25th Apr


Wipro (Cons 2092 cr -6% Yoy Time-After Mkt)
Canfin Homes,ICICI Prud,Idfc Bank,Int Paper,Kewal Kiran,Lic Housing,M&M Fin,Swaraj Eng,Welspun India,Zee Learn
Source-Cogencis


Today's Data Alert


Apr 25: Revenue Secretary Adhia, other finance ministry officials to brief
media on GST bills, related issues. 1100 IST, New Delhi.


Today's Global Data


Apr 25: Japan March Services Producer Price Index; 0520 IST

Apr 25: European Central Bank lending survey; 1330 IST

Apr 25: UK March Public sector finances; 1400 IST\

Apr 25: US the Retail Economist/Goldman Sachs Weekly Chain Store Sales Index
 for the week ended Apr 22; 1715 IST

Apr 25: US Johnson Redbook Retail Sales Index for the week ended Apr 22;
1825 IST

Apr 25: US February US monthly house price index; 1830 IST

Apr 25: US February S&P CoreLogic Case-Shiller Indices; 1830 IST

Apr 25: US April Richmond Federal Reserve business activity survey; 1930 IST

Apr 25: US April consumer confidence index; 1930 IST

Apr 25: US March new residential sales; 1930 IST

Apr 25: German Chancellor Angela Merkel meets Chinese Foreign Minister WangYi

Apr 25: Women20 meeting opens in Berlin as Ivanka Trump attends

Economic Times

Business Standard
Ø  RIL beats Street again, profit grows 11.54% YoY 
Ø  Philips posts seven fold jump in profits in Q1
Ø  Jet adds 22 new flights across domestic network
Ø  Unitech given stern warning by Supreme Court
Ø  'TCS, Infy accounted for only 8.8% of total H-1B visas'
Ø  Lankan trade union against IOC's Trincomalee refinery
Ø  Govt eyeing neighbours to boost pharma exports

Ø  Rel Jio net loss widens to Rs 22.5 cr in Oct-March period
Ø  Tata Power may sell cross-holdings over Mundra tariff order
Ø  Small funds to complain on IPO allotment to Sebi
Ø  Wall Street surges, Nasdaq hits record on French vote result
Ø  RIL's oil & gas revenue drops 30.9% at Rs 5,191 cr
Ø  Logistics firms see better fleet utilisation under GST
Business Line

Mint
Ø  SBI, Credai team up to provide fillip to realty sector 
Ø  OIL crude production up 9.06%; ONGC up 3.32% 
Ø  Rcom, Aircel get shareholders' approval for merger
Ø  Dilip Buildcon bags taxi track construction project at Goa airport 
Ø  UltraTech net profit down 11% at Rs. 726 cr
Ø  First State Investments hikes stake in Cyient to 9.45%  

Ø  NHAI hits the road to woo investors for Rs5,000 crore masala bond sale
Ø  ONGC plans $11 billion investment to boost gas production by 30%
Ø  FIPB refers Gland Pharma FDI proposal to CCEA for approval
Ø  Rupee closes stronger against US dollar
Ø  TCS hired 11,500 in overseas markets in fiscal 2016-17
Financial Express

Financial Chronicle
Ø  FIPB refers Rs 4,315-cr Gland Pharma proposal to CCEA, clears 6 FDI proposals
Ø  Government to auction mines for coal-to-gas, CTL projects in FY18
Ø  Armed forces stores suspend sale of Patanjali's amla juice
Ø  Insurance companies should give terms & conditions with policy: NDCRC

Ø  Rs 1,600-crore booster likely to Incredible India 2.0 campaign
Ø  Paswan rules out raising duty on wheat import
Ø  Govt extends SIPP scheme for 3 years till March 2020

RIL Q4 Earnings

PAT at Rs 8,050 Cr Vs Rs 7,227 YoY; 

Total Income at Rs 75,970 Cr Vs Rs 56,330 Cr YoY

Other Income at Rs 1,371 Cr Vs Rs 2,141 Cr YoY

To Pay Dividend Of Rs 11/Share

Petrochemicals Sales at Rs 25,230 Cr Vs Rs 19,550 Cr YoY; 

Refining Sales at Rs 63860 Cr Vs Rs 40330 Cr YoY


GRMs at $11.5/bbl

Indiabulls Housing Q4

Net Profit Up 24.4% At Rs 840.5 Cr Vs Rs 675.5 Cr (YoY)

Calculated NII Up 14.7% At Rs 1,192.3 Cr Vs Rs 1,039.3 Cr (YoY), 

Gross NPA Unchanged At 0.85% (QoQ)

Net NPA Unchanged At 0.36% (QoQ), 

Average Loan Size At Rs 24 Lakh

ULTRATECH Q4

Standalone Net Profit At Rs 688.3 Cr Vs CNBC-TV18 Poll Of Rs 610 Cr 

Standalone Total Income At Rs 7739.5 Cr, 

Standalone EBITDA At Rs 1,518.3 Cr Vs CNBC-TV18 Poll Of Rs 1,150 Cr

Standalone EBITDA Margin At 19.6% Vs CNBC-TV18 Poll Of 18%⁠⁠⁠⁠

HEXAWARE Q1

Consol Net Profit at Rs 114 Cr; 

Consol Revenue From Ops at Rs 961 Cr

$ Revenue At $144.7 m Vs CNBC-TV18 Poll Of $140.5 m

EBIT Margin At 15.3% Vs CNBC-TV18 Poll Of 15.7%

NIFTY 50 VIEW

Nifty 50 (9119)

Nifty has closed on its previous all time high of 9119 very important level and 9080..9070 zone is positional support level.

If it holds here it can bounce back to 9170..9220 zone which is a very stiff resistance zone to cross on closing basis to catch uptrend.

NIFTY 50 VIEW

Nifty 50 (9119)

Nifty has closed on its previous all time high of 9119 very important level and 9080..9070 zone is positional support level.

If it holds here it can bounce back to 9170..9220 zone which is a very stiff resistance zone to cross on closing basis to catch uptrend.

NIFTY BANK VIEW

Nifty Bank (21551)

Nifty bank has hold the support of 21300..21400 zone.

Now when it trades above 21600..21640 zone on closing basis it can show 21900 levels.

Economic Times

Business Standard

Ø  FPI net inflow at Rs 18,890 crore in April so far

Ø  US accuses Infosys and TCS of cheating in H-1B visa lottery

Ø  IMF drops its last year's anti-protectionism pledge

Ø  Sebi lines up reforms for deeper markets

Ø  India's steel output likely to rise 6% to 89 million tonnes 

Ø  FM Jaitley flags H-1B concerns with US Treasury Secy

Ø  L&T Fin plans to sell MF arm, seeks Rs 2Kcr valuation



Ø  Mazagon Dock, Goa Shipyard likely to merge

Ø  IMF members set aside trade split as French vote rattles nerves

Ø  India Post Payments Bank to start selling MF, insurance products by Mar '18

Ø  IT dept to challenge ITAT relief to Cairn Energy in HC

Ø  NSE to delist Deccan Chronicle, Koutons Retail, 17 others

Business Line



Mint

Ø  Mega defence deals in the pipeline during PM’s visit to Israel 

Ø  Financial institutions feeling fintech heat, says PwC study

Ø  NCDEX to launch rapeseed mustard oil cake futures on April 24

Ø  USFDA issues 11 observations for Sun Pharma’s Dadra facility

Ø  USFDA issues warning letter to Divis Labs’ Vizag unit  



Ø  Sovereign gold bonds priced at Rs 2,901 per gm, issue opens on Monday

Ø Remittances to India dropped by nearly 9% in 2016: World Bank

Ø  Niti Aayog suggests 300 action points to accelerate the Indian Economy

Ø  Finance ministry in talks with PSBs to get a fix on growth plans, funding

Ø  Oil prices fall over supply fears, stocks slip before French election

Financial Express



Financial Chronicle

Ø  Economy to grow over 3-fold to $7.25 trillion by 2030: Niti Aayog

Ø  PMO ask departments to provide enabling framework to attract FDI

Ø  TCS hired 11,500 people in offshore markets in FY17

Ø  GST to boost growth by 4.2%, make products cheaper: US Fed paper

Market Update

Sgx Nifty +1 pts
‎Dow -30.95 pts ,Nsdq -6.25 pts , S&P -7.15 pts , Bovespa Clsd , Ftse -4 pts , Dax +21 pts , Cac -18 pts , Nikkei +243 pts now , Crude @ $49.73 brl (+0.11), Brent @ $52.58 brl (+0.14) , Gold @ 1274.50 (-14.60), Silver @ $17.890 (-0.047), Euro @ $1.0858, JPY @ $109.9500, INR @ $64.649





Today's Corporate Action
24th Apr  Ex Date



AVANCE - Consolidation of Shares





Today's Key Result
24th Apr


Reliance
Ultratech Cemco
Hexaware,India bulls Finance,Jswhl,Persistence,Rallis,Sanwaria,Wendt
Source-Cogencis


Today's Data Alert



Apr 24: RBI to auction 323-day T-bills worth 250 bln rupees under MSS.

ACC Q1

Standalone Net Profit Down 9.8% At Rs 211.5 Cr Vs Rs 234.6 Cr (YoY), 

Standalone Income Up 8.7% At Rs 3666.8 Cr Vs Rs 3373.1 Cr (YoY)

Cement Sales Volume At 6.6 mt Vs 6.36 mt (YoY), 

Standalone EBITDA Down 7.9% At Rs 451.9 Cr Vs Rs 490.6 Cr (YoY)

Standalone EBITDA Margin At 12.3% Vs 14.5% (YoY), 

Concrete Sales Volume Up 7.5% At 0.72 mt Vs 0.67 mt (YoY)

HDFC Bank Q4

Net Profit At Rs 3,990 Cr  

NII At Rs 9,055 Cr;

NIM At 4.3% & Gross NPA Unchanged At 1.05% QoQ

Total Income at Rs 21,560 Cr;

Provisions At Rs 1,262 Cr Vs Rs 662.5 Cr (YoY); Rs 715.8 Cr (QoQ);


Net NPA At 0.33% Vs 0.32% (QoQ

NIFTY BANK VIEW

Nifty Bank (21491)

Nifty bank opened gap down yesterday but recovered latter and gave a close with an inverted hammer reversal pattern.

21300..21400 is a support zone.

To resume uptrend it has to trade above 21580..21600 zone.

Below 21300 selling pattern will be active to slide nifty bank to 20900.

NIFTY 50 VIEW

Nifty 50 (9136)

Nifty has shown a reversal pattern yesterday it can show 9210 today with the support of 9070....9119.

If trades below 9070 it can fall to 9000.

Business Standard

Ø  Govt mulling to transfer control of ITDC hotels

Ø  Panel summons Urjit Patel again on note ban issue

Ø  RBI panel maintains hawkish stance, warns of inflation

Ø  Australia makes immigration next to impossible

Ø  Record of goods lost, stolen, to be maintained in GST

Ø  US' Conduent sues Cognizant for 'contract breach'

Ø  Coal India seeks longer contracts for power sector

Ø  Major FPIs shift base after new tax treaties

Ø  DoT seeks Trai views on spectrum auction of unsold airwaves

Ø  Half of PSBs can be impacted by revised PCA framework: Fitch

Ø  Hindustan Zinc Q4 net profit rises 42% to Rs 3,057 crore

Ø  US weekly jobless claims up; continuing claims hit 17-year low

Mint

Ø  India records impressive growth in recent years: IMF

Ø  I-T seeks Rs. 30K-cr penalty from Cairn for non-payment tax

Ø  Supreme Court allows NDMC to e-auction Taj Mansingh

Ø  Suzlon wins 100 MW wind power project from ReNew Power

Ø  Rel Defence and Engg gets lenders’ approval to exit CDR

Ø  P-note investments hit 4-month high of Rs. 1.78 lakh cr in March  

Ø  Oil ministry red-flags ‘Sunday Closed’ move of petrol pump operators

Ø  New RBI rules on provisioning, bad loans seen taking a toll on banks

Ø  Dewan Housing Finance may sell majority stake in Aadhar Housing Finance

Ø  Yes Bank first casualty in RBI’s rule to pull out bad loan skeletons

Financial Chronicle

Ø  Allahabad High Court orders sealing of over 1,000 flats in Greater Noida

Ø  Domestic air passenger traffic up by 15% in March

Ø  Boost for infrastructure; Center allows direct foreign lending

Ø  IMF may fund Greek bailout with small amount, for one year – Greek Government

Ø  Rural income: Expect 10% YoY growth in FY18

Ø  Visa curbs to hit US companies in India, cautions Sitharaman

Market Update

Sgx Nifty +14 pts
‎Dow +174.22 pts ,Nsdq +53.73 pts , S&P +17.67 pts , Bovespa +353 pts , Ftse +4 pts , Dax +10 pts , Cac +74 pts , Nikkei +123 pts now , Crude @ $50.77 brl (+0.06), Brent @ $53.04 brl (+0.03) , Gold @ 1282.50 (-1.30), Silver @ $18.000 (-0.01), Euro @ $1.0716, JPY @ $109.3500, INR @ $64.700





Today's Corporate Action
21st Apr  Ex Date



None





Today's Key Result
21st Apr



ACC( Cons 159 Cr -30% Yoy Time-After Mkt)
HDFC BANK ( 4007 cr +19% Yoy Time-During Mkt)
Fag Bearing,Shree Digvijaya Cem,Tata Metaliks,Tinplate
Source-Cogencis

Hind Zinc Q4

Net Profit At Rs 3,057 Cr Vs CNBC-TV18 Poll Of Rs 2,764 Cr, 

Total Income At Rs 7,237 Cr Vs Poll Of Rs 5,900 Cr

EBITDA At Rs 4,215 Cr Vs CNBC-TV18 Poll Of Rs 3,347 Cr, 

EBITDA Margin At 58.2% Vs CNBC-TV18 Poll Of 56.7%

NIFTY 50 VIEW

Nifty 50 (9103)

Nifty had touched its positional bounce back zone and moved one way towards 9120...

Today resistance is 9119

Support lies @ 9070..9080 zone.

Above 9120 it can show steep rise to 9180..9200.

Business Standard

Ø  FDI framework likely to be relaxed substantially

Ø  India back on fiscal consolidation, says IMF

Ø  'Grade reset to dent Coal India's FSA realisation'

Ø  NSE to add 16 stocks to F&O segment from April 28

Ø  Tata Steel seeks export opportunities in SE Asian mkt

Ø  Tata, Godrej show interest in buying Sahara properties

Ø  Jaypee Group dents bank profits by Rs 350 cr in 1 day

Ø  Cabinet approves signing of amended tax treaty with Portugal

Ø  Sebi clears own staff on MCX-SX licence

Ø  Steel making cost goes up by Rs 8,000/tonne on high input costs

Ø  Deposits under PMGKDS can be made till April 30

Ø  Yes Bank Q4 net zooms 30% to Rs 914 cr; bad loans soar

Ø  Morgan Stanley's quarterly profit surges on trading gains

Business Line

Mint

Ø  SEBI may grant single licence to brokers, clearing members

Ø  Double taxation avoidance protocol with Portugal gets the green signal

Ø   Australia visa move unlikely to impact Indian IT workers: Nasscom

Ø  Bosch to invest ₹1,000 cr on plant and machinery

Ø  Aurobindo Pharma gets 6 observations from USFDA for Hyderabad unit  

Ø  Yes Bank first casualty in RBI’s rule to pull out bad loan skeletons

Ø  Vijay Mallya surrenders passport, faces UK extradition hearing on 17 

Ø  IndusInd Bank Q4 profit rises 21% to Rs751.61 crore

Ø  BigBasket and Grofers start merger talks

Ø  Fintech friction takes root in India’s banking landscape

Ø  SoftBank may invest around $1.5 billion in Paytm
Financial Express

Financial Chronicle

Ø  China’s biggest automaker SAIC puts US ambitions on hold

Ø  India’s steel import falls 36% to 7.4 million tonnes in 2016-17

Ø  Housing sales drop in top 8 cities to 28,131 units in January-March

Ø  RBI’s revised PCA framework positive for banks: Icra

Ø  Infra: States can borrow from foreign agencies

Ø  Tata Motors expects 10-15% growth in CV sales this fiscal

Ø  UIDAI files FIRs against 8 sites for collecting user info

Ø  Tata Motors to export BS-III vehicles

Market Update

Sgx Nifty -17 pts
‎Dow -118.79 pts ,Nsdq +13.56 pts , S&P -4.02 pts , Bovespa -751 pts , Ftse -33 pts , Dax +16 pts , Cac +13 pts , Nikkei +40 pts now , Crude @ $51.06 brl (+0.21), Brent @ $53.08 brl (-0.00) , Gold @ 1291.00 (-3.10), Silver @ $18.290 (+0.01), Euro @ $1.0714, JPY @ $108.8400, INR @ $64.657





Today's Corporate Action
20th Apr  Ex Date




FOSECOIND
Final Dividend - Rs. - 7.0000


Today's Key Result
20th Apr


Bharat Seats,Crisil,Cyient,Hind Zinc,Llyod Steel,Mastek,Mind Tree,Paper Product
Source-Cogencis


Today's Data Alert 


Apr 20: CPI for rural and farm labourers for March, by Labour Bureau.


Today's Global Data


Apr 20: Japan Mar provisional trade data; 0520 IST

Apr 20: Japan Mar steel production data; 1030 IST

Apr 20: Germany Mar Producer Price Index; 1130 IST

Apr 20: Eurozone Feb construction output data; 1430 IST

Apr 20: US unemployment insurance claims report for week ended Apr 15; 1800
IST

Apr 20: US April Philadelphia Fed Business Outlook; 1800 IST

Apr 20: World Bank President Jim Yong Kim press briefing

Apr 20: IMF Managing Director Christine Lagarde press briefing

Apr 20: US Mar leading indicators; 1930 IST

Apr 20: Eurozone Apr FCCI flash consumer confidence indicator; 1930 IST

Apr 20: US EIA natural gas storage report for week ended for week ended Apr
14; 2000 IST

Apr 20: Japan April economic report

Apr 20: G24 ministers and governors meeting

Apr 20: G20 finance ministers and central bank governors meeting

Apr 20: G20 finance ministers and central bank deputies meeting

NIFTY 50 VIEW

Nifty 50 (9139)

Nifty made a low of 9120 yesterday as mentioned in our earlier reports and gave a close above 9120.

Now when it trades and  holds this it can reverse only on maintaining above 9160..9180 zone towards uptrend.

Break through 9120 can show steep fall to 9080.

NIFTY BANK VIEW

Nifty bank is hovering around 21500...21600 zone break through this can show 21300..21200.

If trades above 21700 can show 21800..21950

Economic Times

Business Standard

Ø  Paris replacing Mauritius as tax haven, Citi alerts Finance Ministry 

Ø  India plans stake sales worth $5.4 bn in 7 govt cos

Ø  TCS shareholders approve Rs 16,000 cr share buyback

Ø  HC issues notice to govt on PIL against ITC stake

Ø  Tata Steel board to decide on fund raising this week

Ø  Unichem Labs gets USFDA nod for arthritis drug



Ø  Economy to grow 7.2% in FY18; GST to have positive impact: World Bank

Ø  Low credit growth, high GDP suggest decoupling: SBI

Ø  SC orders Aamby Valley sell-off, summons Subrata Roy

Ø  Note ban crimps MFIs' securitisation by 21% in FY17

Ø  L&T bags Rs 2227 cr contracts in water & effluent treatment segment

Business Line



Mint

Ø  IRDAI reduces third party insurance rates

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

Ø  Punj Lloyd overseas subsidiary wins ₹ 312 crore project in Saudi Arabia 

Ø  UB can defend itself before forums, rules Karnataka Court

Ø  Dentsu Aegis Network acquires SVG Media

Ø  Muthoot Capital board meets for results, bonus 



Ø  Gold prices to rise further amid escalating geopolitical tensions

Ø  Wholesale inflation falls to 5.7% in March from 6.5% in February

Ø  Rupee closes marginally lower against US dollar

Ø  US stays opposed to global investment facilitation

Ø  NDTV looks to sell assets

Ø  Banks want RBI, finance ministry to tweak CDR norms

Financial Express



Financial Chronicle

Ø  EEPC India seeks govt intervention to curb volatility

Ø  Airlines should be allowed to overbook seats: IATA

Ø  Farm loan waivers to touch 2% of GDP in run-up to 2019 polls: BofA-ML

Ø  CAD to widen significantly to 1.6% of GDP in 2017: Report

Ø  Merge govt, central bank budgets for better fiscal outcomes



Ø  ISRO plans Joint Venture with industries for rocket-building

Ø  Apple, Coke, Airtel, others pulled up for 143 misleading ads

Ø  Pharma companies seen reporting weak numbers

Ø  Farm loan waivers pose fiscal/rate risk, says report

Ø  Third party audit must for oil & gas licence extension

Market Update

Sgx Nifty +21 pts
‎Dow +183.67 pts ,Nsdq +51.64 pts , S&P +20.06 pts , Bovespa +1508 pts , Ftse Clsd , Dax Clsd  , Cac Clsd , Nikkei +102 pts now , Crude @ $52.68 brl (+0.03), Brent @ $55.41 brl (-0.07) , Gold @ 1284.00 (-7.90), Silver @ $18.370 (-0.14), Euro @ $1.0639, JPY @ $109.2100, INR @ $64.420





Today's Corporate Action
18th Apr  Ex Date



RMCHEM
Bonus issue 4:1






Today's Key Result
18th Apr

Tcs( Cons 6579 Cr +3% Yoy ResTime-After  Mkt)
Hind Oil Exp,Muthooth Cap,Omax Autos,Shilpi Cable,Vst Inds
Source-Cogencis





Today's Data Alert 



Apr 18: IMD to issue the First Long Range Forecast for 2017 southwest
monsoon, 1500 IST, New Delhi




Today's Global Data




Apr 18: US February treasury international capital data; 0130 IST

Apr 18: US Retail Economist/Goldman Sachs Chain Store Sales data for week ended Apr 15; 1715 IST

Apr 18: US March housing starts and building permits data; 1800 IST

Apr 18: US Johnson Redbook retail sales index for week ended Apr 15; 1825
IST

Apr 18: IMF World Economic Outlook; 1830 IST

Apr 18: US March industrial production and capacity utilization data; 1845
IST

Apr 18: US Vice-president Mike Pence in Tokyo as part of trip to
Asia-Pacific region

NIFTY BANK VIEW

Nifty Bank (21686)

Nifty Bank charts are showing flag breakout pattern above 21700 zone and close above 21800 can take it to 21950 zone.

If trades below 21500 can show 21300..21400 zone.

NIFTY 50 VIEW

Nifty 50 (9150)

Nifty has made lower low and closed below 9180 (the level recommended last week). 

It consolidated last week near 9160..9180 zone but did not close above it.

Now nifty is heading towards 9080..9050 zone for the week. 

Bounce back support is 9100..9120 zone.

Resistance lies @ 9200..9280

MARKET UPDATE

SGX Nifty -4.00 [9151.50]


Nikkei -72 pts , 
Hangseng  CLSD , 
Now @6.45am , 


‎Dow -138.61 pts ,Nsdq -31.01 pts , S&P -15.98 pts , Bovespa -1065 pts , Ftse -21 pts , Dax -45 pts  , Cac -30 pts , Crude @ $52.99 brl (-0.19), Brent @ $55.64 brl (+0.01) , Gold @ 1296.50 (+8.00), Silver @ $18.620 (+0.11), Euro @ $1.0608, JPY @ $108.3000, INR @ $64.4950

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.2019%


Infy: -5.11 %,             Wit: -1.53%
Ttm: -2.00%,            Rdy: -0.25%
Hdb:+0.08%,             Ibn: -0.46% 
SBID:+0.22%,        RIGD:+0.85%


Today's Corporate Action
17th Apr  Ex Date

None 

Today's Key Result 
17th Apr

Gruh Finance,Orient Paper
Source-Cogencis

Today's Data Alert 


Apr 17: WPI inflation for March, by commerce and industry ministry.