Economic Times

Business Standard

Ø  Sebi allows investors to buy mutual funds via digital wallet

Ø  Rupee recovers 7 paise to 64.31 against dollar

Ø  Renault India aims to be among top 5 by 2020

Ø  25-30% mid-term salary hikes, hefty bonuses for GST professionals ahead of tax rollout

Ø  Vivo signs up as title sponsor of Pro Kabbadi League



Ø  Union Bank of India Q4 net rises 12.5% on Rs 420-cr tax write-back

Ø  Textbooks publisher S Chand to make stock market debut today

Ø  HUDCO IPO subscribed 63% on Day 1

Ø  Nifty Realty index hit 52-week high; DLF, Indiabulls, HDIL up over 5%

Ø  Mutual funds go shopping; hike stake in PSBs in March quarter

Ø  Royal Enfield may acquire Ducati, say reports but company denies move

Business Line



Mint

Ø  India poised to overtake Japan as No.3 solar PV market in 2017

Ø  Crude oil futures surge to Rs. 3,009 per barrel

Ø  Sterlite Power to raise ₹2,650 crthrough InvIT; launch on May 17

Ø  Gold falls to to Rs. 28,550 despite firm global cues

Ø  Ambuja Cements, ACC scrips strengthen as merger talks begin



Ø  FSSAI wants additional tax on packaged food items, beverages

Ø  Eris Lifesciences gets Sebi nod for Rs2,000 crore IPO

Ø  Bharti Infratel Q4 profit falls 17% to Rs597 crore, misses estimates

Ø  Sensex, Nifty close marginally higher, realty, IT stocks jump

Ø  Welspun Corp Q4 net profit rises five-fold to Rs 69 crore

Financial Express



Financial Chronicle

Ø  Reliance Jio case: Vodafone in HC against TRAI's network testing consultation

Ø  Over 82% LPG coverage in 2017-18, 95% by 2018-19: Official

Ø  TVS offers compensation of Rs 57 crore to dealers for loss during BSIII vehicle ban

Ø  Airtel partners with Ola: From payments bank to digital wallets, here's what's on offer

Ø  China April exports, imports rise less than expected



Ø Walchandnagar Inds spurts on buzz of PE investment

Ø  IL&FS Transportation gains after subsidiary refinances debt

Ø  SBI cuts home loan rates by up to 25 bps

Ø  Eicher Motors hits record high after good Q4 results

Ø  Canara Bank posts Rs214 crore Q4 profit on lower bad loan provisions

NIFTY BANK VIEW

Nifty Bank (22604)

Nifty Bank is near its all time high if trades below 22500 it can show 22400..22300 zone.

Above 22650 it can rise to 22800..22900 levels.

NIFTY 50 VIEW

Nifty 50 (9285)

Nifty has formed a selling pattern formation in short term charts but it will be active below 9268 and nifty can slide to 9244..9210.

If nifty holds @ 9270 zone and resumes back it can show 9310. 

Positional charts are showing 9130 below 9240..9260 zone.

Resistance is @ 9310..9350.

MARKET UPDATE

Dow : 21006       +55        +0.26%

Nasdaq : 6100    +25       +0.42%

S&P500 : 2399      +9        +0.41% 

VIX : 10.57        +0.11       +1.05%

Nikkei : 19734    +289      +1.49%

Infy : +0.54%,         Wit : +0.00%

Ttm :  -3.51%,         Rdy : -0.22%

Hdb : +1.09%,         Ibn : +1.95% 

SBID : -2.32%,         RIGD : -1.65%

Us/Inr : $ 64.29      Eu/Us : 1.09

DIX : 98.79 ,            JPY : 112.67

Gold : $ 1231,         Silver : $  16.42

Oil : $ 46.87,            Brent : $  49.85

US10-YR : 2.361%      +0.009

SGX Nifty : 9347.50   +30.00

Business Standard

Ø  Untaxed cash of US cos like Apple, Google more than India's GDP

Ø  CBI unearths 393 shell firms used to divert Rs 2900 cr, goes after Rs 30,000 cr more

Ø  Upward revision in volume forecast to help sustain premium valuation of Eicher Motors

Ø  Hinduja brothers top United Kingdom annual rich list

Ø  Wipro threat: You can fall prey bitcoin-fuelled attack

Ø  Indo-Russian 5th gen fighter takes shape as deal on design to be inked soon

Ø  Mutual fund investments in stocks hit 5-month high of Rs 10k cr in April

Ø  Rupee to be range-bound at 64-64.50 this week: Experts

Ø  Tata Motors likely to sign 5-year wage pact with Sanand workers in June

Ø  Essar Power will raise balanced debt of Rs 4,600 crore: CEO KVB Reddy

Business Line


Mint

Ø   Deal to store Abu Dhabi oil is on slippery ground

Ø  Rising global steel prices make anti-dumping duty redundant

Ø  India Inc’s 14.8% revenue growth in Q4 is a mirage

Ø  Agriculture Ministry proposes hike in tur dal import duty to 20%

Ø  SoftBank may finalize Snapdeal sale to Flipkart next week, in realignment of India strategy

Ø  Trai to look into Reliance Jio complaints about customised retention offers

Ø  Toyota Kirloskar Motor in talks with with parent firm to enhance exports

Ø  GTL Infrastructure stake sale likely to value firm at Rs11,000 crore

Financial Express


Financial Chronicle

Ø  Emmanuel Macron wins French presidency with 65 per cent: Belgian paper cites Ipsos

Ø  Tata Motors expects 15 per cent growth in commercial vehicles exports

Ø  Railway projects worth Rs 90,000 crore undertaken in North-East region: Union Minister Suresh Prabhu

Ø  Scrap all production subsidies: NITI Aayog's Bibek Debroy

Ø  India’s green car plan prioritises electric vehicles over hybrids

Ø  ACC, Ambuja boards to start merger talks soon

Ø  LIC to restructure lending biz

NIFTY BANK VIEW

Nifty bank (22720)

Nifty bank showed a sharp move yesterday holding support @ 22400.

Nifty bank now if holds 22600 and crosses 22750 it can show 22900..23000 soon.

Below 22400 it can slide to 22300..22200 zone.

NIFTY 50 VIEW

Nifty 50 (9359)

Nifty after the consolidation of four trading sessions has given close near its resistance zone of 9360..9370.

It has to cross and maintain above 9370 to show up-move towards 9420-9440.

As the consolidation in the range of 9270..9370  was maintained for  many trading sessions the rally or breakthrough can be sharp. 

Cautious 
Nifty has formed three tops here @ 9367-9365 if did not cross the fall can be sharp and can take nifty to 9270-9100 too in coming days.

Market Update

Sgx Nifty -31 pts
‎Dow -6.43 pts ,Nsdq +2.79 pts , S&P +1.39 pts , Bovespa -1231 pts , Ftse +13 pts , Dax +119 pts , Cac +71 pts , Nikkei Clsd, Crude @ $45.56 brl (+0.04), Brent @ $48.32 brl (-0.08) , Gold @ 1229.74 (+1.14), Silver @ $16.410 (+0.10), Euro @ $1.0981, JPY @ $112.5300, INR @ $64.210

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.3541%

Today's Corporate Action
5h May  Ex Date


HATSUN
Interim Dividend - Rs. - 3.0000
HEXAWARE
Interim Dividend - Rs. - 1.0000
KKCL
Interim Dividend - Rs. - 7.0000
MISHTANN 
Consolidation of Shares 
TCS
Buy Back of Shares 


Today's Key Result
5th May


Eicher Motors (Cons 454 cr + 36% Yoy Res During Mkt)
Apollo Tyre, Atul ltd, Blue Dart, BSE Ltd, Dalmia Bharat Sugar Ltd, Equitas Holding, FSL Ltd, GNA Axles, GE Shipping, Monsanto India, NIIT Tech, Rain Industries, Sanofi India, Shankara Building, Shoppers Stop , Sun Pharma Advance , Universal Cable Ltd, Visaka Industries Ltd
Source-Cogencis

Business Standard

Ø  Jio in talks with govt to lease out its dark fibre 

Ø  Govt signs MoAs to purchase 1K MW wind power

Ø  Reliance Industries to buy its own gas at $4.23

Ø  Saudi Arabia avoids financial crisis, now prepares for the hard part

Ø  SAIL, ArcelorMittal steel plant final by month end

Ø  Coal India considering listing on LSE: Sources

Ø  SBI says bad loan mess will be resolved in 3 years

Ø  India Inc holds back on dividends

Ø  Ordinance to tackle bad loans worth Rs 6 lakh cr cleared

Ø  Equity ETFs asset base jumps 3-fold to Rs 43,234 cr

Ø  Pulses import to fall by 20% in FY18 on better domestic output

Ø  HDFC Q4 net profit dips 22% to Rs 2,044 crore

Ø  Beijing must pay attention to India's CPEC concern, says Chinese scholar

Ø  Centre to revisit rules on central power pool

Business Line


Mint

Ø  Falling crude oil to boost HPCL, BPCL, IOC 

Ø  India asks UK to ensure early extradition of Mallya

Ø  Cera declares 240% dividend for 2016-17, net up 21%

Ø  Adani signs steel supply deal with Australian group Arrium

Ø  Gold demand up 15 % on stable prices, rising offtake

Ø  CBI arrests REI Agro chairman Sanjay Jhunjhunwala , promoter in loan fraud case

Ø  JP Associates defaults on interest payment on NCDs

Ø  Wockhardt results: Net loss widens to Rs174.72 crore on US FDA issues

Ø  Idea Cellular ropes in Adobe to get digital solutions

Financial Express


Financial Chronicle

Ø  India's revenue receipts to reach Rs 30 lakh cr in 2 years: Nitin Gadkari

Ø  India can achieve 10% GDP growth by FY20: CII

Ø  GST to be game changer for media, broadcasting

Ø  Government plans common IT platform for air cargo stakeholders

Ø  Sensex soars 231 pts, Nifty ends at record high

Ø  Tata Steel hails new steel policy, says it will help cut cost

Ø  Ola raises Rs 670cr from Tata-backed fund

Ø  Adani may face hefty fine in Oz over green breaches

Ø  Patanjali eyes Rs 20k cr turnover this year

NIFTY 50 VIEW

Nifty 50 (9311)

Nifty is consolidating from last four trading days in the range of 9250..9370 break through this range will decide the further move in market.

For today 9270-9250 can act as bounce back support to catch uptrend to show 9340..9360 zone.

If trades below 9250 nifty can slide to 9220..9200 zone.

NIFTY BANK VIEW

Nifty Bank (22307)

Today being weekly expiry of bank nifty the trading session of nifty bank can be volatile.

Bounce back support lies @ 22000..22100 zone.

Nifty bank too is trapped in the range of 22100..22500 zone break through either side can show the further move in it.

Market Update

Sgx Nifty +9 pts
‎Dow +8.01 pts ,Nsdq -22.82 pts , S&P -3.04 pts , Bovespa -627 pts , Ftse -15 pts , Dax +19 pts , Cac -3 pts , Nikkei Clsd, Crude @ $47.64 brl (-0.18), Brent @ $50.60 brl (+0.05) , Gold @ 1239.19 (-9.31), Silver @ $16.506 (-0.04), Euro @ $1.0890, JPY @ $112.8200, INR @ $64.250

🔹US GENERIC GOVT. 10-YEAR YIELD : 2.322%

Today's Corporate Action
4h May  Ex Date


BEARDSELL
Bonus issue 1:5
BEARDSELL
Stock  Split From Rs.10/- to Rs.2/-
IBULHSGFIN
Interim Dividend - Rs. - 9.0000
VESUVIUS
Dividend - Rs. - 6.5000


Today's Key Result
4th May


HDFC( 2031 cr -22% Yoy Res During Mkt )
Astec Life, Bank Of Maharashtra, Basf, Emami Ltd, Exide Ind, Godrej Prop, Greaves  Cotton, HCC, L&T Fin,MRF, MCX Ltd , Tata Com, Wockhart Ltd
Source-Cogencis


Today's Data Alert 


May 4: Nikkei services and composite PMI for April, by IHS Markit. 1030 IST.


May 4-5: Road Transport Minister Gadkari, Civil Aviation Minister Raju,
Urban Development Minister Naidu, Commerce Minister Sitharaman, Railways
Minister Prabhu, Food Minister Paswan and NHAI Chairman Malik to
speak at India Integrated Transport & Logistics Summit. New Delhi.

Economic Times

Business Standard

Ø  ICICI Bank Q4 net profit up 3-fold; net NPA spikes

Ø  Cabinet clears National Steel Policy 2017

Ø  India to ask UK to extradite Vijay Mallya during talks

Ø  Lanka to go ahead with oil deal with India: Govt

Ø  Govt postpones launch of new IIP series to May 12

Ø  Honda unseats Bajaj Auto as No 2 bike-maker

Ø  TPG, GA join hands to take control in Fortis

Ø  RBI sends notices to 8 cos for fund round-tripping



Ø  Cabinet approves new NPA policy to deal with stressed assets

Ø  US Fed holds interest rates steady, downplays Q1 economic weakness

Ø  SAT grants interim relief to RIL in 'illegal gains' case

Ø  Cabinet clears ordinance to amend Banking Act to tackle NPAs

Ø  GDP to grow 7.4% in FY18; GST, bankruptcy law big positives: ADB

Ø  $770-bn black money entered India in 10 yrs, $101 bn of that in 2014 alone

Business Line



Mint

Ø  TRAI to seek industry view on spectrum sale timeline too

Ø  1.52 lakh casual, 45,000 part-time jobs lost post-demonetisation

Ø   Brigade Enterprises raises Rs. 500 cr via QIP

Ø  Court ignored Maran brothers’ role in money laundering: ED

Ø  Reliance Capital gets bourses approval for demerger

Ø  IRB Infra InvIT issue subscribed 7% on Day 1 



Ø  ICICI Bank Q4 profit misses estimates, to issue bonus shares

Ø  Ola gets Rs670 crore from Ratan Tata, Falcon Edge

Ø  GMR in race for $800 million Davao airport project in

Ø  Maharashtra government likely to deregulate foodgrain prices

Ø  Digital transactions decline in April: RBI data

Ø  Centre, states to consider simpler power tariff system

Financial Express



Financial Chronicle

Ø  Brookfield Renewable sees opportunities in coal-fueled India

Ø  Panels to examine financial woes of telcos, power firms

Ø  Centre clears Twin Star Technologies' Rs 9,000 cr FDI proposal

Ø  HSBC foreign accounts case: Govt raises Rs 5,419 crore tax demand

Ø  Shriram City Q4 net profit dives 78% to Rs 12 crore

DHFL Q4

PAT At Rs 2,217.7 Cr (Including Exceptional Gain Of Rs 1,969.4 Cr);

NII Up 31% At Rs 627.9 Cr Vs Rs 479.3 Cr (YoY)

Total Income at Rs 2,378 Cr Vs Rs 1,960 Cr, Up 21.3% YoY

One-Time Gain Of Rs 1970 Cr; To Pay Dividend Of Rs 3/Share

Disbursements Up 23.3% At Rs 8,699 Cr Vs Rs 7,055 Cr (QoQ);

AUM (GU) 20.2% At Rs 83,560 Cr Vs Rs 69,523.9 Cr (YoY)

Sanctions Up 68.1% At Rs 13,149 Cr Vs Rs 7,821 Cr (YoY);


Gross NPA At 0.94% Vs 0.95% (QoQ)

NIFTY BANK VIEW

Nifty Bank (22341)

Nifty Bank has given a neutral opening for the week and stuck in the range of 22100-22400 zone.

Break through either side can show the support zone of 21800 and resistance zone of 22600.

NIFTY 50 VIEW

Nifty 50 (9313)

Nifty 50 is consolidating around its support zone of 9270-9300.

Now nifty has raised its positional support from 9200 to 9250.

For today if it holds 9250 and maintains above 9350..9370 zone, it can catch its uptrend.

Below 9250 gates open for 9200.

Economic Times

Business Standard

Ø  Fitch keeps India's sovereign rating unchanged

Ø  Donald Trump advocates US government shutdown

Ø  UK business transformation ongoing: Tata Steel

Ø  India cuts oil import plans from Iran by a quarter 

Ø  Paytm sells over 30 kgs of 'Digital Gold'

Ø  SC asks Essar to pay Rs 1038.27 cr to Gujarat govt

Ø  Reliance Infratel approves Brookfield merger



Ø  India to launch new IIP series with 2011-12 base year on May 9

Ø  MP first to switch to Jan-Dec fiscal year

Ø  23 ARCs snap up Rs 2.44 lakh cr bad loans from banks so far

Ø  RInfra revises InvIT issue size downwards to Rs 2,500 crore

Ø  Wipro unveils new brand identity, changes logo

Ø  Bitcoin soars above $1,400 to all-time high

Ø  Greece reaches preliminary deal with creditors: Greek finance minister

Business Line



Mint

Ø  India to clock 7.1% GDP this year, 7.5% in 2018: UN

Ø  Benefits of economic reforms are reaching villages: Jaitley

Ø  RBL Bank Q4 profit jumps 55% on income growth 

Ø  Infosys plans to hire 10,000 American workers in next two years

Ø  Aadhaar data leak exposes cyber security flaws

Ø  Tata Motors, Ashok Leyland rev up exports to Asian, African markets



Ø  SoftBank takes Snapdeal closer to Flipkart sale but yet to seal terms

Ø  Tata Power to acquire 118.2 million shares of Tata Teleservices

Ø  Actis to invest $500 million in green energy platform Solenergi

Ø  Bad bank not needed to solve India loan mess, says Arvind Panagariya

Financial Express



Financial Chronicle

Ø  CCEA nod on PDS sugar subsidy to AAY families likely today

Ø  India cuts oil import plans from Iran by a quarter over gas field row

Ø  Government to set up team for disposing tax issues pending before CBEC

Ø  Government orders inspection of all fuel outlets in UP



Ø  Reliance Growth Fund hits NAV of Rs1,000

Ø  Debate over reforms dissipating as poor benefit: Jaitley

Ø  Sugar production to decline 19% in 2016-17

Ø  FPIs may intensify selling this month

Ø  Sudan refuses to extend ONGC Videsh licence

Ø  Affordable housing pushes growth in HFCs

Market Update

Sgx Nifty +10 pts
‎Dow +36.43 pts ,Nsdq +3.76 pts , S&P +2.84 pts , Bovespa +1318 pts , Ftse +46 pts , Dax +69 pts , Cac +36 pts , Nikkei Clsd, Crude @ $48.08 brl (+0.42), Brent @ $51.09 brl (+0.12) , Gold @ 1257.89 (+0.89), Silver @ $16.904 (+0.073), Euro @ $1.0935, JPY @ $111.9700, INR @ $64.110





Today's Corporate Action
3rd May  Ex Date




CRISIL
Interim Dividend - Rs. - 6.0000
ITDCEM
Dividend - Rs. - 0.3000
STOVAC
Final Dividend - Rs. - 31.0000








Today's Key Result
3rd May


ICICI Bank (2200 cr +214% You Res-After Mkt)
Accelya Kale,Agrotech,Ajanta Pharma,Alembic Pharma,Dhfl,Everest Inds,Ig Petro,Intellect Design,Kpr Mills,Kaya Ltd,L&T Tech,Merk Ltd,Shanthi Gears,V-Mart 
Source-Cogencis

NIFTY BANK VIEW

Nifty Bank (22358)

Nifty Bank has formed a resistance zone @ 22380..22390.

If crosses this zone can show 22600..22700 zone.

Support zone lies @ 22000..22200.

NIFTY BANK VIEW

Nifty Bank (22358)

Nifty Bank has formed a resistance zone @ 22380..22390.

If crosses this zone can show 22600..22700 zone.

Support zone lies @ 22000..22200.

NIFTY 50 VIEW

Nifty 50 (9304)

Nifty has given a close above 9300.

To catch its uptrend it has to trade above 9370 to show 9420...9440.

Below 9270..9280 the support zone nifty can slide to 9200.

MARKET UPDATE

SGX Nifty +22 pts (9353) from Friday's last trade 9331 , 


Nikkei +138 pts , 
Hangseng +159 pts , 
Now @6.52am ,  


‎Dow -27.05 pts ,Nsdq +44.00 pts , S&P +4.13 pts , Bovespa +403 pts , Ftse -33 pts , Dax -5 pts , Cac -4 pts , Crude @ $48.67 brl (-0.17), Brent @ $51.44 brl (+0.02) , Gold @ 1257.70 (+2.20), Silver @ $16.944 (+0.102), Euro @ $1.0968, JPY @ $111.8100, INR @ $64.2250


Infy:  -0.14%,            Wit:+0.41%
Ttm:  -1.40%,           Rdy: -0.76%
Hdb:+0.80%,            Ibn: -0.00% 
SBID:+2.04%,        RIGD: -1.03%


Today's Corporate Action
2nd May  Ex Date




TTKPRESTIG
Interim Dividend - Rs. - 15.0000





Today's Key Result
2nd May


Artson Eng,Deep Inds,Inox Leisure,Jm Finance,Kansai Nerolec,Marico Inds,Rbl Bank,Tci Finance 
Source-Cogencis



Today's Data Alert




May 2: TERM REPO: 14-day variable rate term repo for 210 bln rupees. Bids to
be  submitted between 1100 and 1130 IST.


May 2: RBI to auction 317-day T-bills worth 250 bln rupees under MSS.


May 2: Nikkei Manufacturing PMI for April, by IHS Markit. 1030 IST.

Economic Times

Business Standard

Ø  Core industries grow by 5% in March, fastest in 3 mnths

Ø  Housing projects see dip in PE funding for 2 quarters 

Ø  GST not to increase compliance burden, says Adhia

Ø  BS-III ban: Two-wheeler industry took Rs 600 cr hit

Ø  Reliance Jio, Airtel in another battle over tariff plans

Ø  Hero MotoCorp registers 3.5% dip in sales in April

Ø  Buffett's $86 bn cash pile stokes hopes of a huge deal

Ø  Real estate buyers set to become king as RERA comes into force

Ø  India Inc lines up Rs 15,000-cr fundraising plans

Ø  Centre seeks guarantee for solar, wind plants connected to grid

Ø  Reliance Industries moves SAT against Sebi ban, penalty

Ø  No logic behind India's low credit rating: Deepak Parekh

Ø  FinMin official advised subsidiary to not pay dividends, accuses Cairn

Ø  Trai begins process for network testing before commercial launch of service

Business Line

Mint

Ø  'Govt confident of achieving 3.5% fiscal deficit target for 2016-17'

Ø  IGL acquires two steel pipelines from GAIL

Ø  Govt under pressure to push GST rollout to September 1

Ø  Defaulters can’t seek enforcement of fundamental rights: Apex court

Ø  Tata Motors sales decline 21% to 30,972 units in April

Ø  Oil India notifies two discoveries in Assam

Ø  SBI reduces term deposit rates by up to 50 bps

Ø  Corporate tax rate may be lowered to 25% for bigger Indian companies

Ø  Reliance Jio revenue market share to fall in next 3 years: UBS report

Ø  Snapdeal board to meet today to discuss likely sale to Flipkart

Ø  5Paisa Capital to list shares on BSE, NSE in June

Ø  Hero MotoCorp hikes prices of scooters, motorcycles by up to Rs2,200

Financial Express

Financial Chronicle

Ø  CBDT gets highest number of APA requests from US

Ø  Turkish President Recep Tayyip Erdogan makes a pitch for India-Turkey FTA

Ø  Reveal names of top corporate wilful defaulters: Bank officials

Ø  Government asks CIL to expedite coal export to neighbouring nations

Ø  Sufficient supplies keep edible oil prices under pressure

Ø  Dalal Street on a confirmed uptrend: William O'Neil

Ø  Nissan India sales rise 39% to 4,217 units in April

Ø  Emerging market funds likely to make big buys

Ø  Cairn alleges dividend frozen to square off retro tax demand

NIFTY BANK VIEW

Nifty Bank (22326)

Nifty Bank has closed on a new all time high 22326.
It can catch uptrend above 22460.

Support zone lies @ 22100-21900 zone.

NIFTY 50 VIEW

Nifty 50 (9342)

Nifty has made a double top yesterday @ 9367 to catch its uptrend and show 9420..9440 it has to trade above 9367.

Double top being a selling pattern nifty can cool down to support levels of 9320-9300 zone.

Market Update

Sgx Nifty +4 pts
‎Dow +6.24 pts ,Nsdq +23.71 pts , S&P +1.32 pts , Bovespa -185 pts , Ftse -51 pts , Dax -29 pts , Cac -16 pts , Nikkei -30 pts now , Crude @ $49.17 brl (+0.20), Brent @ $52.07 brl (+0.04) , Gold @ 1265.30 (+0.60), Silver @ $17.341 (+0.001), Euro @ $1.0863, JPY @ $111.2100, INR @ $64.100

US GENERIC GOVT. 10-YEAR YIELD : 2.2910%

Today's Corporate Action
28th Apr  Ex Date


ABB
Dividend - Rs. - 4.0000
DWEKAM
Stock  Split From Rs.10/- to Rs.1/-


Today's Key Result
28th Apr


Ambuja Cem
Ceat,Chola Fin,Federal Bank,Idfc,Kesoram,Kirloskar Fer,Kitex,Raymond,Rpg Life,Sirpur Gold,Supreme Inds,Uniphos,Upl,Uttam Steel
Source-Cogencis


Today's Data Alert


Apr 28: Core sector growth for March, by commerce and industry ministry.

Apr 28: CPI for industrial workers for March, by Labour Bureau.


Today's Global Data


Apr 28: US April agricultural prices; 0030 IST

Apr 28: US Foreign Central Bank Holdings; 0200 IST

Apr 28: US money stock measures; 0200 IST

Apr 28: US Federal Discount Window Borrowings; 0200 IST

Apr 28: UK April consumer confidence survey; 0431 IST

Apr 28: UK April Hometrack cities house price index; 0431 IST

Apr 28: Japan March household spending; 0500 IST

Apr 28: Japan March Consumer Price Index-based inflation; 0500 IST

Apr 28: Japan March labour force survey; 0500 IST

Apr 28: Japan March Consumer Price Index-based inflation for Tokyo; 0500 IST

Apr 28: Japan March preliminary retail sales; 0520 IST

Apr 28: Japan March preliminary industrial production; 0520 IST

Apr 28: Japan March construction orders; 0630 IST

Apr 28: Japan March auto exports; 0930 IST

Apr 28: Japan March auto production; 0930 IST

Apr 28: Japan March preliminary report on petroleum statistics; 1000 IST

Apr 28: Japan March housing starts; 1030 IST

Apr 28: Germany March retail trade; 1130 IST

Apr 28: Germany March foreign trade price indices; 1130 IST

Apr 28: European Union April EuroCOIN indicator of euro area economic Activity; 1300 IST

Apr 28: European Union March monetary developments; 1330 IST

Apr 28: UK March BBA main high street banking groups statistics; 1400 IST

Apr 28: UK Jan-Mar insolvency statistics; 1400 IST

Apr 28: UK Jan-Mar GDP preliminary estimate; 1400 IST

Apr 28: UK February monthly service sector figures; 1400 IST

Apr 28: European Union April flash estimate euro area inflation; 1430 IST

Apr 28: US Jan-Mar advance estimate GDP; 1800 IST

Apr 28: US Jan-Mar Employment Cost Index; 1800 IST

Apr 28: US April ISM-Chicago Business Survey - Chicago Purchasing Managers
Index; 1915 IST

Apr 28: US April University of Michigan survey of consumers; 1930 IST

Business Standard

Ø  PSU banks may be asked to take over NPAs

Ø  LIC stake in ITC case: FinMin, SEBI to be made parties

Ø  State-owned ONGC makes 23 oil and gas discoveries

Ø  Review petition filed with SC over BS III vehicles' order

Ø  Paytm to pump in Rs 10,000 crore into banking, financial services

Ø  India to invest Rs 50,000 crore to revive four mothballed fertilizer plants

Ø  Sebi issues final show-cause notice in NSEL scam case to five big brokers

Ø  Maruti earmarks Rs 4,500 cr capex for FY18

Ø  Tata Motors to supply 3,192 Safari Storme SUVs to Indian army

Ø  SC fixes Aamby Valley reserve price at Rs 37,392 cr

Ø  CCI orders antitrust probe into Roche cancer drug

Ø  DGFT allots 60% of 500,000 tonne duty-free raw sugar import quota to south

Business Line

Mint


Ø   Kia Motors to build $ 1.1 billion manufacturing plant in India

Ø  Kotak Mahindra Bank posts 40% jump in standalone net profit

Ø  NSE introduces online bidding facility for InvITs

Ø  Hudco public issue to open on May 8 

Ø  India INX to start single stock F&O trading from Friday

Ø  Maruti Suzuki to pay record dividend as Q4 profit jumps 16%

Ø  S Chand IPO achieves full subscription on Day 2

Ø  HDFC Bank crosses Rs4 trillion in market cap

Ø  SoftBank changes track in India as initial bets go sour

Ø  Real estate sector to receive $7 billion investment this year: CBRE report

Ø  HDFC may sell realty, digital units to Quikr for 5% stake

Financial Express

Financial Chronicle


Ø  India one of best places for global realty investments: Report

Ø  Govt extends service tax return filing date to April 30

Ø  No privatisation of railways, says Suresh Prabhu

Ø  Consumers can now buy 'digital gold' using Paytm

Ø  Tata Elxsi Q4 net profit rises 8.2 per cent to 44 crore

Ø  India one of best places for global realty investments: Report

Ø  India draws up Rs 55,500 cr plan to turn urea exporter

Ø  Jio effect: Rules soon for telcos TRAI-ing new service

Ø  Dual MRP on packaged items may be scrapped

Ø  Gems & jewellery exports grow by 9.85% in 2016-17

Ø  Trump’s U-turn on NAFTA treaty

Tata Elxsi Q4: QoQ

PAT Up 1.6% At Rs 45 Cr;

Rev Up 5.4% At Rs 326 Cr;

EBITDA Up 2% At Rs 76 Cr;

EBITDA Margin At 23% Vs 24%

KOTAK BANK Q4 EARNINGS

PAT Rs 976 Cr Vs Rs 696 Cr, Up 40% YoY; 

NII Rs 2,161 Vs Rs 1,857, Up 16.4% YoY

Gross NPA At 2.59% Vs 2.42%  

Net NPA At 1.26% Vs 1.07% (QoQ);

Other Income At Rs 1,002.7 Cr

Maruti Q4

PAT At At Rs 1,709 Cr Vs CNBC-TV18 Poll Of Rs 1,739 Cr;

Rev At Rs 20,751.2 Cr Vs CNBC-TV18 Poll Of Rs 18,621 Cr

Net Sales at Rs 20,750 Cr Vs Rs 17,240 Cr, Up 20.4% YoY

EBITDA Margin At 13.8% Vs CNBC-TV18 Poll Of 14%;

EBITDA At Rs 2,560.7 Cr Vs CNBC-TV18 Poll Of Rs 2,624 Cr

NIFTY BANK VIEW

Nifty Bank (22242)

Nifty Bank has closed again on a new high of 22242.

It is heading towards 22400..22700 with the support of 22100.

Today being expiry day it can be volatile.

NIFTY 50 VIEW

Nifty 50 (9351)

Nifty has hold the support of 9308 with a dip of 9302 and has closed above 9340.

Today being an expiry day market can be volatile and nifty can show positional support levels (9270..9310) zone 

and positional resistance levels (9420...9440).

Business Standard

Ø  Sebi makes P-Note norms stricter to curb black money

Ø  Investors can buy MFs through digital wallets: Sebi

Ø  FII inflows expected to be $5-10 bn in 2017-18: ICRA

Ø  Axis Bank reports 43% YoY drop in Q4 net profit 

Ø  60% people facing frequent call drops: Survey

Ø  Global cashless society getting closer, survey finds

Ø  Relief for Indian MNCs! Govt considers to dilute POEM

Ø  Govt will not impose any tax on agriculture income, clarifies FM Jaitley

Ø  Tata Motors aims to export about 8,000 BS-III CVs

Ø  Rough road ahead for Adani group over paring debt

Ø  NSE IPO to take time, decision on new CEO soon, says Sebi chief Ajay Tyagi

Ø  Setback to India as international panel rejects stay on Cairn arbitration

Ø  Trump tax plan to cut corporate rate to 15%: Treasury secretary

Business Line



Mint

Ø  Reforms rush: SEBI allows options trading in commodity market 

Ø  Tata Trusts opens iodised salt refinery in Tamil Nadu

Ø  GTL Infra aims to be debt free in 3-4 years: Manoj Tirodkar

Ø  Oil falls on bulging US crude inventories, ample global supplies

Ø  Average daily construction rate of 130 km of rural roads achieved in 2016-17

Ø  RBI fines Kotak Mahindra, HSBC for violating FEMA

Ø  Sebi tightens norms for IPOs of small companies

Ø  PAN will not be invalidated retrospectively for not linking with Aadhaar, govt tells SC

Ø  S Chand IPO subscribed 52% on Day 1

Ø  Zensar Technologies Q4 net profit down 84% to Rs 10 crore

Ø  Kalyan Jewellers to acquire online jewellery firm Candere

Financial Express


Financial Chronicle

Ø  Surge in FPI inflows into debt unlikely to sustain: Icra

Ø  India to play 'crucial role' in WhatsApp's business solutions

Ø  A $37 billion manager cautions on India's world-beating stocks

Ø  South Korea court says Uber violated transport law, latest setback for US firm

Ø  Centre plans to sell 1,400 acres of surplus PSU land

Ø  Sensex, Nifty scale lifetime highs on fund inflow, Asian cues

Ø  SFIO all set to activate early warning system

Ø  Equity may yield 15-18% annual returns

Ø  Cheque bounce reform fails to set apart intention, wilful default