Economic Times

Business Standard

Ø  Reliance permitted to mortgage Sasan coal block

Ø  Ind-Ra upticks GDP forecast to 7.8%; growth on but not speedy

Ø  Smuggled gold at 1/3rd of India's total demand; $1 bn revenue lost

Ø  Govt mulls banning cash transactions above Rs 3 lakh

Ø  Idea denies report on merger talks with Vodafone

Ø  India in talks with Singapore to amend DTAA provisions: CBDT

Ø  Debt mkt can beat equity in next 12 mths: CLSA 



Ø  Arun Jaitley orders 'immediate action' towards implementation of Bankruptcy Code

Ø  January Budget to bring more efficiency: CBDT

Ø  Piramal, Bain Capital join hands to float a platform for stressed assets

Ø  Protection for steel industry must be temporary: CII President

Ø  Welspun faces Walmart review after Target pulls sheets

Ø  Sebi weighs cash benefit distribution via depositories

Business Line

Ø  India is 7th most wealthiest country with $5,600 bn

Ø  Private-public partnerships, film certification board on PAC’s radar

Ø  BSNL Kerala retains status as most profitable telecom circle

Ø  NSE ropes in Citigroup, Morgan Stanley to handle IPO

Ø  FSSAI to allow import of food for special medical purposes  

Mint

Ø  Smartphone user loyalty is beyond Net Promoter Scores: report

Ø  FIPB clears seven FDI proposals worth Rs290 crore

Ø  Carlyle Group readies bid for Claris’s injectable drugs business

Ø  Aurobindo Pharma Q1 net profit rises 24% to Rs585 crore

Ø  Tata Power Q1 net profit falls 76% to Rs72 crore

Ø  Urjit Patel could take away banks’ $100 billion pacifier

Financial Express               

Ø  NITI Aayog looks to make India hub for commercial arbitration

Ø  DIPAM relaxes conflict of interest clause for SUUTI bankers

Ø  Reliance Jio's full-scale commercial launch likely in December

Ø  RBL Bank's IPO oversubscribed nearly 70 times

Ø  ED registers fresh money laundering case against Vijay Mallya, Kingfisher airlines



Financial Chronicle

Ø  GSTN security clearance key to bill passage: Swamy

Ø  President regrets low institutional credit growth

Ø  Microsoft buys artificial intelligence startup Genee

Ø  Fed under growing pressure to reform system, goals

Ø  Canada’s Couche-Tard to buy CST Brands in $4.4b deal

Market Update

Sgx Nifty -1 pts
‎Dow +17.88 pts ,Nsdq +15.47 pts , S&P +4.26 pts ‎, Bovespa +238 pts , Ftse +39 pts , Dax +98 pts  , Cac +31 pts , Nikkei  +129 pts  now, Crude @ $47.60 brl (-0.50), Brent @ $49.96 brl (+0.80) , Gold @ $1343.00 (-3.10), Silver @ $18.84 (-0.08), Euro @ $1.1304, JPY @ $100.3400, INR @ $67.0625



Today's Corporate Action
24th Aug  Ex Date


FOMEHOT
Dividend - Rs. - 1.0000
JUBLFOOD
Dividend - Rs. - 2.5000
KANORICHEM
Dividend - Rs. - 1.5000
PIDILITIND
Dividend - Rs. - 0.5000
PILITA
Stock  Split From Rs.4/- to Rs.1/-
THOMASCOOK
Dividend - Rs. - 0.3750

‎



Today's Key Result
24th Aug 


Man Infra, Nb Ventures, Sarda Energy,Vardhman Text 
Srcs-Cogencis Est Net 

‎
‎

Today's Global Data



Aug 24: US API Weekly Statistical Bulletin for the week ended Aug 19; 0200
IST

Aug 24: Japan June indexes of business conditions data; 1030 IST

Aug 24: Germany Apr-Jun gross domestic product detailed breakdown data; 1130
IST

Aug 24: UK July BBA main high street banking group statistics; 1400 IST

Aug 24: US MBA mortgage applications survey for the week ended Aug 19; 1630
IST

Aug 24: US June monthly house price index data; 1830 IST

Aug 24: US Apr-Jun quarterly house price index data; 1830 IST

Aug 24: US July existing home sales data; 1930 IST

Aug 24: US EIA petroleum status report for the week ended Aug 19; 2000 IST

Aug 24: Japan August monthly economic report

CALL OF 22/08/2016 MONDAY

@ 01:53

Buy Bata ltp 556 

sl 540 

trgt 610

SL HIT

Aurobindo Pharma Q1

Net profit at Rs 585 Cr Vs CNBC-TV18 Poll of Rs 560.3 Cr

Total Income at Rs 3,725.9 Cr Vs CNBC-TV18 Poll of Rs 3,810.7 Cr⁠⁠⁠⁠

NIFTY BANK VIEW:


Nifty bank (19330)

Nifty bank had given breakout above 19200 and rose to our recommended level 19400
Today if holds 19000 can again resume back to 19400...and further
If breaks 19000 can show 18800...18400 in coming days

NIFTY VIEW:

Nifty 50( 8629 )

Nifty yesterday did not break 8600 and was range bound today if breaks 8600 can fall to 8530...8470 the positional support zone 

Due to expiry week it can show volatility 

The range still remains the same 8740 upside and 8470 downwards

Business Standard

Ø  Reforms hold key to upgrade of India rating: Moody’s
Ø  Govt expects Patel to keep inflation-growth balance
Ø  'Rural economy to be big growth driver in next 2 yrs'
Ø  New RBI chief Patel coming after PSBs' $100 bn pacifier
Ø  UK to strengthen trade, business relations with India
Ø  Pfizer buys Medivation for $14 bn to boost cancer research with Xtandi drug
Ø  Birla Corp buys Anil Ambani's cement biz at Rs 4.8K cr

Ø  Bonds lose steam on fears of hawkish RBI
Ø  Essar Oil eyes foray into LPG distribution biz
Ø  FM holds inter-ministerial meeting on banning sugar futures
Ø  Govt may bundle road projects to boost minimum investment size
Ø  Rupee falls to 1-month low of 67.19 on dollar strength
Ø  GAIL signs MoU with Bloom Energy for fuel cell power generation
Business Line
Ø  NCDEX rejects 50% coriander on quality issues 
Ø  HPCL profit up 30% in Q1 on higher inventory gains
Ø  Rains may not affect standing soyabean crop in M.P.
Ø  Energy efficient cos to share best practices at CII summit
Ø  Pledging of shares hit 7-year high in June 
Ø  NCML to launch e- platform to trade warehouse receipt  
Mint
Ø  Welspun India gets tangled in knots
Ø  Domestic airfares unlikely to fall much till September
Ø  India is world’s third biggest tech start-up hub: Study
Ø  RBL Bank’s IPO subscribed 3.08 times on day 2
Ø  HDFC Bank makes loan grab as bad debts hit rivals
Ø  Emami strives to turn around AMRI Hospitals
Financial Express               
Ø  Sensex ends 91 points down, Nifty settles below 8,630;
Ø  FSSAI for healthy eating habit for kids, readies negative list
Ø  Goverment unveils portal for star rating of mines
Ø  Maharashtra to develop 10 airports as part of Central scheme
Ø  Maggi with 57% share regains top slot in noodles market

Financial Chronicle
Ø  Fed close to hitting job and inflation targets: Fischer
Ø  Reforms to aid growth, banking sector risks remain: Moody's
Ø  India, Germany sign pact on vocational training
Ø  Renesas seen buying US chipmaker Intersil for $3b
Ø  Assets managed by PMS industry top 10L cr mark

Market Update

Sgx Nifty -14 pts
‎Dow -23.15 pts ,Nsdq +6.02 pts , S&P -1.23 pts ‎, Bovespa -1320 pts , Ftse -30 pts , Dax -50 pts  , Cac -10 pts , Nikkei  -54 pts  now, Crude @ $47.05 brl (-1.47), Brent @ $49.16 brl (-1.72) , Gold @ $1340.90 (-2.50), Silver @ $18.84 (-0.01), Euro @ $1.1316, JPY @ $100.3400, INR @ $67.1862



Today's Corporate Action
23rd Aug  Ex Date



BALRAMCHIN
Interim Dividend - Rs. - 3.5000
COMPEAU
Dividend - Rs. - 1.0000
GOODYEAR
Dividend - Rs. - 12.0000
GRANULES
Interim Dividend - Rs. - 0.2000
IGPL
Dividend - Rs. - 2.0000
JAYSYN
Dividend - Rs. - 0.3000
MACK
Dividend - Rs. - 0.5000
TVTODAY
Dividend - Rs. - 1.7500




Today's Key Result
23rd Aug 


Tata Power ( Cons 326 Cr +35% Yoy) 
Aurobindo Pharma ( 576 Cr +35% Yoy) Eng Ind ( 66 Cr +16% Yoy) 
Gillete Ind, Hathway Cab, Indo Count Ind,Jai Corp,Nectar life, Sundaram Brake,United Brew Holding  
Srcs-Cogencis Est Net 



Today's Data Alert 


Aug 23: TERM REPO: 14-day variable rate term repo for 190 bln rupees. Bids  to be submitted between 1100 and 1130 IST.



‎

Today's Global Data



Aug 23: Japan August Flash manufacturing purchasing managers' index; 0730
IST

Aug 23: Bank of Japan governor Haruhiko Kuroda to deliver remarks at FinTech  forum; 0930 IST

Aug 23: Germany August Flash purchasing managers' index; 1300 IST

Aug 23: European Union August Flash purchasing managers' index; 1330 IST

Aug 23: UK August CBI monthly industrial trends survey; 1530 IST

Aug 23: US Retail Economist/Goldman Sachs Weekly Chain Store Sales   Index for the week ended Aug 20; 1715 IST

Aug 23: US Johnson Redbook Retail Sales Index for the week ended Aug 20;1825  IST

Aug 23: US August Flash manufacturing purchasing managers' index; 1915 IST

Aug 23: European Union Aug FCCI Flash consumer confidence indicator; 1930
IST

Aug 23: Federal Reserve Bank of Richmond August business activity survey;1930 IST

Aug 23: US July new residential sales data; 1930 IST

Aug 23: Japan June final labour survey data

HPCL Q1

Net Profit +30% At Rs 2,098.4 Cr Vs Rs 1,614.1 Cr (YoY) 

Total Income -5.8% At Rs 51,661 Cr Rs 54,822.3 Cr (YoY)

Net Sales At RS 51,600 Cr Vs RS 54,739 Cr (YoY)

Average GRM At $6.83/bbl

Recommends Issue Of Bonus Share In Ratio Of 2:1

NTPC Q1

Net Profit At Rs.2,369 Cr Vs CNBC-TV18 Poll Of Rs.2,346 Cr

Total Income At Rs.19,063 Cr Vs CNBC-TV18 Poll Of Rs.18,487 Cr

IGL Q1

Net Profit Up 43.6%  At RS 148 Cr Vs RS 103 Cr YoY

Total Income Down 0.2% At  `899.6 Cr Vs `902 Cr (YoY)

Net Sales Down 0.22% At RS 897 Cr Vs RS 899 Cr YoY⁠⁠⁠⁠

CALL OF 18/08/2016 THURSDAY

@ 01:45

Buy Yes Bank ltp 1319 

sl 1312 

trgt 1330/1344

SECOND TRGT HIT

CALL OF 17/08/2016 WEDNESDAY

Pre market call 

Sell Aurobindo pharma aug fut ltp 736 add qty around 750 

sl 774 

trgt 720/710/700

SL HIT

Market Update

Sgx Nifty +14 pts
‎Dow -45.13 pts ,Nsdq -1.77 pts , S&P -3.15 pts ‎, Bovespa -67 pts , Ftse -10 pts , Dax -58 pts  , Cac -36 pts , Nikkei  +21 pts  now, Crude @ $48.30 brl (-0.22), Brent @ $50.51 brl (-0.37) , Gold @ $1343.30 (-2.90), Silver @ $19.05 (-0.26), Euro @ $1.1308, JPY @ $100.5400, INR @ $67.0612



Today's Corporate Action
22nd Aug  Ex Date


GLOSTER
Dividend - Rs. - 3.0000
HBPOR
Dividend - Rs. - 0.5000
JOONKTOLL
Dividend - Rs. - 1.0000
MANAPPURAM
Interim Dividend - Rs. - 0.5000
RECLTD
Final Dividend - Rs. - 5.1000
SHREECEM
Interim Dividend - Rs. - 16.0000



Today's Key Result
22nd Aug 


Hpcl( 1322 Cr -17% Yoy) 
IGL( 119 Cr +17% Yoy) 
Ntpc( 2477 Cr +14% Yoy) 
Allcargo,Hfcl,Hind Copper,Jindal Photo,Shree Renuka Sug
Srcs-Cogencis Est Net

Business Standard

Ø  Urjit Patel as RBI Guv indicates policy continuity

Ø  'Urjit Patel will take long-term view on NPA clean up'

Ø  Change of guard suddenly puts RBI in a bind on MPC front

Ø  Govt may nominate three MPC members this month

Ø  FinMin considering imposing MIP on aluminium imports

Ø  Credit bureaus want RBI to make payments banks its members



Ø  Global funds take JV route for re-entry in India realty

Ø  'Excellent credentials' to help Patel lead RBI: Experts

Ø  RBI Governor need not be a 'rock star' to be successful: Fitch

Ø  Sebi gets Rs 390 crore as fee from market participants in FY16

Ø  SBI merger with associates, BMB exempt from CCI approval

Ø  HCL-Geometric deal gets CCI green signal

Business Line

Ø  Finance Ministry mulls advancing Union Budget by a month 

Ø  EPFO investments in ETFs to be raised beyond 5%: Dattatreya 

Ø  CCI clears HDFC ERGO’s acquisition of L&T General Insurance

Ø  GIFT City banks get off to a roaring start mopping up $650 mn

Ø  Income tax collection from Mumbai rises 9%

Ø  CIL workers to go on nation-wide strike on Sept 2 

Mint

Ø  SBI says will gain $120 billion in assets from takeover of units

Ø  Fortis Healthcare board approves demerger of its diagnostics arm

Ø  Making Ranbaxy units cGMP compliant time consuming: Sun Pharma

Ø  Gail India to partner US firm for new gas power generation technology

Ø  Oil in bull market heads for biggest weekly gain since March

Financial Express               

Ø  India further cuts US govt securities exposure to $117 bn

Ø  Expect volatility as markets suss out new RBI boss Urjit Patel

Ø  DoT in favour of more penal power to TRAI

Ø  'India on cusp of revolution with GST, inflation framework'

Ø   



Financial Chronicle

Ø  State FMs to meet industry chambers to discuss GST

Ø  Sunil Mittal to take home over Rs 30 cr in annual pay

Ø  India less vulnerable to banking risks than China

Ø  NITI may seek cabinet nod for e-manufacturing policy

Ø  July PE investments slump as big-ticket deals vanish

SUN TV Q1

Net Profit At RS 233 Cr Vs RS 196 Cr

Total Income From Ops RS 761 Cr Vs  RS 689 Cr

Subscription Revenue +22% At Rs 232.1 Cr (YoY)

CALL OF 12/08/2016 FRIDAY

@ 09:23

Buy Voltas 363 

sl 340  

trgt of 374

TRGT HIT

EXIT

NIFTY VIEW :

Nifty 50 (8673)

Nifty yesterday moved up holding its support 8600 and rose up 
The range still remains the same 8600.....8740
Break through either side will decide the further trend 
Above 8720..8740 can show 8840
Below 8600 can show 8530....8470

Business Standard

Ø  NPAs nearly doubled to 8.5 per cent in Q1: Report

Ø  Government slaps $380 million additional penalty on RIL

Ø  US jobless claims fell to 262,000 last week

Ø  Wipro parks $1.5 mn for minority stake in Israeli firm

Ø  Govt extends subsidy scheme to solar-powered cold storages

Ø  SBI approves merger with associate banks 

Ø  Tata, Docomo brass to meet to resolve dispute



Ø   Singtel to pick 7.39% stake in Bharti Telecom for $659 mn

Ø  Govt imposes anti-dumping duty on cold-rolled flat steel items

Ø  Sebi moves Australian court, seeks attachment of PACL properties

Ø  Gujarat woos post-Brexit investments from the UK

Ø  RBL Bank raises Rs 364 cr from anchor investors

Ø  I-T dept changes property valuation rule

Business Line

Ø  Debt of top 30 steel firms hits record $150 b: E&Y 

Ø  SBI board approves merger of 3 associate banks and Bharatiya Mahila Bank 

Ø  Chinese firm to invest $150 m in Uttam Group’s project 

Ø  Oil steady near six-week highs on talk of supply freeze

Ø  BSE eager to offer higher stake to Deutsche Börse 

Mint

Ø  World’s biggest banks still pose too-big-to-fail risk, FSB says

Ø  Rupee closes marginally weaker against US dollar at 66.81

Ø  Power Grid: Strong guidance help investors overcome capitalization miss

Ø  ICICI goes live with banking transaction product on mobiles

Ø  Bad loans, slowing growth cloud outlook for power sector lenders

Financial Express               

Ø  AIFs need to have dispute settlement mechanism: Sebi

Ø  BSNL, Microsoft Corporation partner for enterprise business

Ø  Dilip Buildcon bags Rs 2,000 cr highway project from NHAI

Ø  India keen on developing coal fields, ore mines in Russia

Ø  Goverment unveils portal for star rating of mines



Financial Chronicle

Ø  Black money: CBDT to issue fresh FAQs on IDS

Ø  Now pension may be fixed without employers' attestation

Ø  Sensex up 118 pts as US rate hike prospects ebb

Ø  14 lakh individuals fell in 30% tax bracket in 2012-13

Ø  OYO raises Rs 413.1 cr from SoftBank Group

Market Update

Sgx Nifty +18 pts
‎Dow +23.76 pts ,Nsdq +11.49 pts , S&P +4.80 pts ‎, Bovespa -157 pts , Ftse +9 pts , Dax +65 pts  , Cac +19 pts , Nikkei  +79 pts  now, Crude @ $48.36 brl (+0.14), Brent @ $50.89 brl (+1.04) , Gold @ $1355.80 (-1.40), Silver @ $19.72 (-0.02), Euro @ $1.1350, JPY @ $100.1500, INR @ $66.8100



Today's Corporate Action
19th Aug  Ex Date


FEL
Dividend - Rs. - 0.1000
FELDVR
Dividend - Rs. - 0.1400
FLFL
Dividend - Rs. - 0.4000
INDIACEM
Dividend - Rs. - 1.0000
NATCOPHARM
Interim Dividend - Rs. - 0.7500
PRIYALT
Dividend - Rs. - 1.0000
SAPPL
Dividend - Rs. - 0.7500
SOMANYCERA
Dividend - Rs. - 2.3000




Today's Key Result
19th Aug 


Sun Tv( 231 Cr +17% Yoy) 
Astral Poly, National Fert,Sunflag  Iron 
Srcs-Cogencis Est Net 



Today's Data Alert 


Aug 19: CPI for rural and farm labourers for July, by Labour Bureau




Today's Global Data


Aug 19: Federal Reserve Bank of San Francisco President Williams to speak;
0100   IST

Aug 19: US federal discount window borrowings; 0200 IST

Aug 19: US foreign central bank holdings; 0200 IST

Aug 19: US money stock measures; 0200 IST

Aug 19: UK July Knight-Frank house price sentiment index; 0431 IST

Aug 19: Japan June all-industry index; 1000 IST

Aug 19: Japan July nationwide, Tokyo department store sales; 1100 IST

Aug 19: Germany July producer price index; 1130 IST

Aug 19: UK July public sector finances; 1400 IST

Aug 19: European Union Apr-Jun balance of payments -- first release; 1430
IST

Aug 19: US July regional, state employment and unemployment figures; 1930
IST

CALL OF 18/08/2016 THURSDAY

@ 01:35

Buy Nifty fut ltp 8703 

sl 8680 

trgt 8724/8768

SL HIT

BANK NIFTY VIEW:

Nifty bank (19041 )

Nifty bank had touched its resistance zone of 19100..19200 and gave a neutral close if breaks 19200 on closing basis can enter into a new rally zone and can  show 19400..19800

VIEW ON NIFTY :

Nifty 50 (8624)

Nifty yesterday also traded in the range and still is in the range of 8600..8700

Below 8600....8530..8470

Above 8740..8840

Market Update

Sgx Nifty +1 pts
‎Dow +21.92 pts ,Nsdq +1.54 pts , S&P +4.07 pts ‎, Bovespa +468 pts , Ftse -34 pts , Dax -138 pts  , Cac -42 pts , Nikkei  -147 pts  now, Crude @ $46.80 brl (+0.01), Brent @ $49.67 brl (-0.18) , Gold @ $1357.80 (+9.90), Silver @ $19.81 (+0.16), Euro @ $1.1300, JPY @ $99.8500, INR @ $66.7650



Today's Corporate Action
18th Aug  Ex Date


BANSWRAS
Final Dividend - Rs. - 2.0000
BEL
Final Dividend - Rs. - 14.5000
CARERATING
Interim Dividend - Rs. - 6.0000
FEDDERLOYD
Dividend - Rs. - 0.7500
GIPCL
Dividend - Rs. - 2.7000
HGS
Interim Dividend - Rs. - 2.5000
HINDALUMI
Final Dividend - Rs. - 1.6000
INDRAMEDCO
Dividend - Rs. - 1.8000
JOINDRE
Dividend - Rs. - 0.6000
JUBILANTORG
Dividend - Rs. - 3.0000
KOVAI
Dividend - Rs. - 1.5000
LINCPEN
Dividend - Rs. - 3.0000
LLOYDELENG
Dividend - Rs. - 1.3000
LT
Dividend - Rs. - 18.2500
NMDC
Buy Back of Shares 
SHRPREC
Final Dividend - Rs. - 0.8000
SRIPIPES
Dividend - Rs. - 5.0000
TAKE
Final Dividend - Rs. - 0.4000
TRIDENT
Interim Dividend - Rs. - 0.6000
TRITURBINE
Interim Dividend - Rs. - 0.4500
WSTCSTPAPR
Dividend - Rs. - 1.0000
‎



Today's Key Result
18th Aug 


India Cem, Sci, Tci 
Srcs-Cogencis Est Net 




Today's Global Data



Aug 18: Japan July provisional trade statistics; 0520 IST
‎
Aug 18: Japan July revised machine tool orders; 1130 IST

Aug 18: European Union June balance of payments; 1330 IST

Aug 18: UK July capital issuances; 1400 IST

Aug 18: UK July retail sales figures; 1400 IST

Aug 18: European Union June construction output; 1430 IST

Aug 18: European Union July harmonised consumer price index; 1430 IST

Aug 18: European Central Bank accounts of last monetary policy discussions;
1700   IST

Aug 18: Federal Reserve Bank of Philadelphia August business outlook survey;1800  IST

Aug 18: US unemployment insurance claims report for week ended Aug 13; 1800
IST

Aug 18: US weekly export sales; 1800 IST

Aug 18: Federal Reserve Bank of New York President Dudley at briefing on
regional  economy; 1930 IST

Aug 18: US July leading indicators; 1930 IST

Aug 18: US EIA natural gas storage report for week ended Aug 12; 2000 IST

Economic Times

Business Standard

Ø  Top telcos reject Reliance Jio’s demand for more interconnection points

Ø  NTPC aims to become biggest renewable energy producer

Ø  'Global investment in fintech cos totaled $ 99.4 bn'

Ø  ED expands probe against Mallya, adds more charges

Ø  Global Innovation Index: India moves up to 66th rank this year

Ø  India Inc's Apr-June M&A deal tally at $7 bn: EY



Ø   Sebi seeks UK regulator's help on Mallya

Ø  China's Tidfore to pick up stake in Uttam Galva

Ø  Centre ask states to open AMRIT pharmacies

Ø  Strides Shasun to hive off commodity API unit as separate business

Ø  China's Tidfore to pick up stake in Uttam Galva Metallics

Ø  Lupin gets USFDA nod for generic potassium deficiency drug

Business Line

Ø  India needs to ensure financial stability, inclusion balance: FSB

Ø  Steel demand in India to outpace regional average: Moody’s

Ø  Centre puts spotlight on UP Govt on Nagla Fatela’s electrification

Ø   Dollar turns defence into attack ahead of Fed minutes

Ø  Investors pump in Rs. 1.02 lakh cr in MF schemes last month 

Mint

Ø  Indian drug makers brace for slower growth at home

Ø  Rural India to power internet users to 730 million by 2020, says report

Ø  Maruti Suzuki steps up hiring of contract workers

Ø  Sunil Munjal ceases to be promoter of Hero MotoCorp

Ø  SC asks Unitech to refund Rs15 crore to buyers of apartments in Noida, Gurgaon

Ø  Oil and gas firms to invest Rs3 trillion to help build gas-based economy

Financial Express               

Ø  IOC Largest sewage plant at Mathura to help clean Yamuna

Ø  FIPB to take up 12 FDI proposals on Aug 30

Ø  No clarity in permit to seek compliance from telcos: Trai

Ø  Raghuram's replacement: Modi govt to name new RBI governor this week

Ø  Banks to confiscate security in case of loan default



Financial Chronicle

Ø  Apple to boost China investments as demand slows

Ø  Most CFOs optimistic about country's economy: survey

Ø  Indian refiners switch to soyoil as palm prices rally

Ø  CAG raps Goa mines dept over stamp duty recovery

Ø  Govt accedes to some demands of collegium

CALL OF 17/08/2016 WEDNESDAY

@ 10:45

Sell Nifty aug fut ltp 8644 

sl 8680 

trgt 8590

SL HIT

CALL OF 10/08/2016 WEDNESDAY

@ 12:44

Buy JSW Steel ltp 1720 

sl 1690  

trgt 1764

TRGT HIT 

EXIT

VIEW ON BANK NIFTY

Nifty bank (19002)

Nifty bank is stuck in a range of 18400...19200 break through either side will decide the further trend in market 

Nifty bank has given a close above 19000 which is a good sign if maintains above 19080 can break the higher resistance levels of 19200 and can show 19400..19800

Below 18400 it can show 18200..17800

NIFTY VIEW:

Nifty 50 (8642)

Nifty is stuck in a range of 8500..8700 Break through either side will decide the further trend in market

Below 8500 it can touch its positional bounce back support zone of 8490..8540 

Above 8700 can touch 8840

Market Update

Sgx Nifty -24 pts
‎Dow -84.03 pts ,Nsdq -34.90 pts , S&P -12.00 pts ‎, Bovespa -290 pts , Ftse -47 pts , Dax -62 pts  , Cac -37 pts , Nikkei  +111 pts  now, Crude @ $46.32 brl (-0.26), Brent @ $49.23 brl (+0.88) , Gold @ $1347.07 (+0.83), Silver @ $19.85 (+0.05), Euro @ $1.1274, JPY @ $100.2900, INR @ $66.7650


Today's Corporate Action
17th Aug  Ex Date


None‎



Today's Key Result
17th Aug 


Dalmia Bharat, Phillip Carbon,Radico Khaitan ,Stride Shasun, Uflex 
Srcs-Cogencis Est Net 




Today's Data Alert 


Aug 17: RBI Deputy Governor Gandhi, Bank of India MD and CEO Rego, Indian Bank MD and CEO Jain to speak at Day-two of FICCI-IBA Banking
Conclave.  PNB MD and CEO Ananthasubramanian, SBI MD Gupta, NPCI MD Hota to also speak. 0930 IST, Mumbai.

Aug 17: Parsi New Year. RBI closed.


Today's Global Data


Aug 17: US API statistical bulletin for week ended Aug 8; 0200 IST

Aug 17: UK July unemployment figures; 1400 IST

Aug 17: US MBA mortgage applications survey for week ended Aug 12; 1630 IST

Aug 17: US EIA petroleum status report for week ended Aug 12; 2000 IST

Aug 17: US Federal Open Market Committee July meeting minutes published;
2330

Business Standard

Ø  WPI inflation hits 23-month high of 3.55% in July 

Ø  Policy to unlock Rs 2.5L cr in oil and gas: Mukundan

Ø  Sagarmala may save Rs 40,000 crore in logistics costs

Ø  Fed likely to hike US interest rates in September

Ø  Senvion to buy Kenersys from Bharat Forge founders

Ø  L&T gets Maharashtra govt contract to convert Nagpur into smart city

Ø  HC admits Tata Cap’s plea to recover 3i Infotech dues



Ø  SBI turns bullish on credit growth for FY17

Ø  Raghuram Rajan asks banks to improve cyber security systems

Ø  Lower fresh NPAs in Q1 of FY17: RBI deputy gov

Ø   Govt to further import 1 lakh tn of chana, masoor dals

Ø  Sebi, exchanges begin delisting drive for suspended companies

Ø  Reliance Jio writes to TRAI again targeting existing telcos

Ø  Unilever acquires air purifier firm Blueair

Business Line

Ø  Govt to bear MDR cost for online payments

Ø  NSDL launches facility for retail trade in G-secs 

Ø  MCX silver continues to test key base with negative bias 

Ø  State Finance Ministers to meet industry associations on GST 

Ø  Monsoon busy in North; stays subdued over South Peninsula 

Ø  JSW Steel to acquire JSW Praxair Oxygen for Rs. 240 cr 

Mint

Ø  Hindalco’s Novelis raises $1.15 billion through bond issuance

Ø  Thermax has no respite from dismal order inflows

Ø  Hike becomes a unicorn after raising $175 million from Tencent, Foxconn

Ø  Temasek invests in ICICI as Indian banks move to clear bad loans

Ø  Citing PSU salaries, Raghuram Rajan says he feels underpaid

Financial Express               

Ø  Sun Pharma promoter firm pledges 1 crore shares to SBI

Ø  Steel output likely to hit 127.1 mn tonnes by 2020: BMI

Ø  Govt to bear transaction cost of payments received via cards

Ø  RBI Deputy S S Mundra warns banks of stern action for mis-selling

Ø  Piramal to acquire Ash Stevens Inc for $53 mn



Financial Chronicle

Ø  Rajan wants bankers to take onus for large loans

Ø  Tata AutoComp Systems to acquire TitanX

Ø  Opec may revive talks on freezing oil output levels

Ø  India needs to counter China on SCS: US expert

Ø  Berkshire takes bigger bite of Apple, pares Wal-Mart

CALL OF 12/08/2016 FRIDAY

@ 09:28

Buy Bharat forge ltp 819 add qty @ 800 

sl 790 

trgt 844++

MADE A HIGH OF 843

ALMOST TRGT HIT

EXIT

CALL OF 12/08/2016 FRIDAY

@ 09:17

Buy Adaniport Abv 256 

sl 251 

trgt 262/266/274

MADE A HIGH OF 274.20

ALL TRGT HIT

CALL OF 05/08/2016 FRIDAY

Pre market call 

Sell INFY ltp 1078 

sl 1100 

trgt 1048/1030

ALL TRGT HIT

MADE A LOW OF 1029.20

EXIT