NIFTY VIEW:

Nifty 50 (8779)

Nifty on Friday showed a good move to catch its uptrend but failed to give close above 8860..8880.

This zone 8860..8880 can act as a resistance zone for coming days 

Close above it can take nifty to 8960..8980 zone the 52 week high area. 

 if nifty does not  hold 8700 nifty can slide to 8600 ..8500 levels.

Economic Times

Business Standard

Ø  Sebi's new policy could revive sick companies

Ø  Goldman to sell 15% of Max Financial Services shares

Ø  Vijay Mallya in full control even after moving to UK: UB Group

Ø  'Switching fiscal year to Jan-Dec will benefit exporters'

Ø  RJio blames Airtel for two crore call failures a day

Ø  India's Q1 current account to be in surplus: Citigroup

Ø  India to submit concept note on TFA in services at WTO



Ø  Restrictions ended for marble import but duty raised

Ø  Food ministry favours slashing import duty on wheat

Ø  ICICI Pru's Rs 6,000 crore IPO to open today

Ø  Tea board of India looks to double tea exports to Australia

Ø  Trai to initiate consultation on IoT, M2M communication soon

Ø  Motherson Sumi raises Rs 1,993 crore via QIP issue

Ø  OVL seeks oil in lieu of $537 mn due from Venezuela

Business Line

Ø  FIPB to take up 15 foreign investment proposals on Sept 26

Ø  GST will have a few tax slabs in ‘transition period’

Ø  Govt to expand DBT to 147 schemes by March: Lavasa

Ø  New import policy for marble, travertine blocks notified

Ø  ‘Tata Metaliks raising capacity to cash in on growing urbanisation’ 

Mint

Ø  Industrial IoT will score over consumer IoT

Ø  Banks to auction Kingfisher Villa; reserve price Rs85.3 crore

Ø  Axis Bank buys 13.67% in Asset Care and Reconstruction Enterprise

Ø  Aircel-Maxis case: Special CBI court rejects plea challenging its jurisdiction

Financial Express               

Ø  Centre mulling to 'advance' Winter session for early GST roll out

Ø  Highway across nations: India approves $1 bn connetivity project

Ø  Madhya Pradesh govt allots 10 acre land to Micromax



Financial Chronicle

Ø  FPIs pour in Rs 5,790 cr in markets in a fortnight

Ø  RCom to sell tower business to Brookfield

Ø  India becoming exciting market for LNG

Ø  Govt extends time frame of pharma marketing code

Ø  Foreign reinsurers likely to set up shop from Jan: Irdai

CALL OF 16/09/2016 FRIDAY

@ 10:33

Buy SBI ltp 262 

sl 258 

trgt 270

SL HIT

CALL OF 16/09/2016 FRIDAY

@ 11:50

Buy NIFTY ltp 8871 

sl 8850 

trgt 8932/8948

SL HIT

CALL OF 15/09/2016 THURSDAY

PRE MARKET CALL

Buy Tata steel cmp 374 

sl 363 

trgt 393

SL HIT

CALL OF 06/09/2016 TUESDAY

@ 10:07

Buy Reliance ltp 1026

Add qty if falls to 990..1000 

sl 980 

trgt 1060..1090

ALL TRGT  HIT

Economic Times

Business Standard

Ø  Ready to take on GST network challenge: Sikka 

Ø  Small & medium industries hold key to revival of exports: Sitharaman 

Ø  Jio seeks action against big telcos for violating MNP

Ø  Rcom-Aircel venture looks to raise $1 bln for expansion

Ø  Green masala bonds, others can fetch Rs 2 lakh crore

Ø  ONGC inks deal to buy extra 11% stake in Russian Vankor fields



Ø  Welspun sued over Egyptian towels, sheets

Ø  Services exports fall 4.6% to $12.78 bn in Jul

Ø  Mallya can seek Emergency Certificate to return to India: MEA

Ø  FPIs holdings in Q1 FY'17 rises to $311 bn: report

Ø  Moody's to review Reliance Communications rating

Ø  Textile package reforms yet to significantly boost jobs, productivity

Business Line

Ø  ‘Central banks can’t sustain negative interest rates forever’

Ø  Ashok Leyland, Hinduja Foundries approve merger plan

Ø  Steel ind seeks extension of MIP, more products under its ambit

Ø  NMDC, MOIL’s Rs. 8,400-cr buyback offers to open on Sept 19

Ø  UNIDO-MNRE project pushes for new solar thermal tech in industries 

Mint

Ø  Rupee devaluation rumours pull currency down to two-week low against US dollar

Ø  SC asks Parsvnath to deposit Rs12 crore with court in four weeks

Ø  Nirma raises Rs4,000 cr debt to fund Lafarge India assets deal

Ø  SBI deposit rates cut by up to 25 bps

Ø  Weaker realisations weigh on CIL

Financial Express               

Ø  Sensex closes 41 points up at 28,412, Nifty settles above 8,740;

Ø  India likely to sign $8.84-bn Rafale deal with France for 36 fighter jets on Sept 23

Ø  Inefficiency in railway cost structure leads to losses: Niti Aayog

Ø  Sugar prices may touch Rs 50 per kg in near-term



Financial Chronicle

Ø  Interest rate cycle bottoming out: Ind-Ra

Ø  India's salary growth at 0.2%, GDP gain of 63.8% since 2008

Ø  Govt expects record foodgrains output this year

Ø  Gold imports dip 77% to $1.11 bn in Aug

Ø  Apollo Tyres eyes to double its TBR segment

Market Update

Dow:18212      +177      +0.99%
Nasdaq:5249    +75       +1.47%
S&P500:2147   +21        +1.01% 
VIX :16.30        -1.84.     -10.84%
Nikkei:16449    +44       +0.24%
Infy:+0.56%,            Wit:+0.62%
Ttm:+0.07%,           Rdy: -0.04%
Hdb:+0.74%,            Ibn: -0.37% 
SBID: -0.39%,        RIGD:+0.80%
Us/Inr: $66.88,          Eu/Us:1.12
DIX: 95.26,                JPY: 101.95
Gold:$1320,         Silver: $19.06
Oil: $43.64,          Brent: $46.31
US10-YR : 1.691%   -0.012
SGX Nifty: 8814.00   +40.50

NIFTY VIEW:

Nifty 50 (8726)

Nifty has made yesterday one more spinning top.

If trades above 8750 uptrend can resume to fill both the gaps.

If trades below 8700 as recommended 8600..8700 multiple supports are existing have to watch where it holds or breaks them.

NIFTY BANK VIEW:

Nifty bank( 19909)

Nifty bank has made a bullish engulfing candle yesterday.

Today being a weekly expiry of nifty bank it can show volatility.

Above 19960 it can touch 20130..20150 levels and fill the gap of Monday resuming uptrend.

World Mkts Update

India Capital Markets Pvt  Ltd                                 
SGXNifty: 8751 (-18)
DJ: 18034 (-31)
NASDAQ 5173 (+18)
FTSE: 6673 (+7)
HANGSENG : 23291 (+101)
NIKKEI: 16414 (-199)

Fno ban :
DLF 
HDIL
IBREALEST 
JISLJALEQS
KSCL 
RCOM

Economic Times

Business Standard

Ø  RCom, Aircel merge; create telecom entity of Rs 65,000 crore

Ø  Voda plans to invest $3 billion into India operations

Ø  Tata Power completes Welspun acquisition

Ø  Bayer to acquire Monsanto for $66 bn all-cash deal

Ø  Airtel, Vodafone, Idea apply to bid in mega spectrum auction

Ø  Tata Steel Kalinganagar plant begins exports

Ø  OVL, Rosneft sign pact for 11% stake in Vankorneft



Ø  SBI prunes debut AT1 issue to $300 million

Ø  AIPEF warns against 'over dependence' on pvt sector for energy

Ø  NSE to meet regulator for clarity on its listing

Ø  Labour Ministry to introduce bill on wage code in next session

Ø  Mamata Banerjee offers alternative land to Tatas

Ø  Sebi might decide soon on self-listing by a bourse

Ø  Glenmark gets USFDA nod for skin lesion treatment gel

Business Line

Ø  Motherson Sumi closes bid for Rs. 1,993-cr QIP fund-raising

Ø  EPF got 95% contribution via internet banking in August

Ø   MCX tests disaster recovery site successfully

Ø  ‘Draft law on Ponzi schemes addresses all the main issues’

Ø  RBI sets up working group on hedging of commodity price risk

Ø  NTPC bond issue oversubscribed 3 times 

Mint

Ø  Govt said to refer 2009 Tata-Docomo deal to Enforcement Directorate

Ø  L&T Technology Services IPO subscribed 70.6% on day two

Ø  Airtel offers Reliance Jio 3 times more interconnection points

Ø  India’s growing federal fault lines

Ø  Jindal Steel revives output at 100-year-old Australian coal mine

Financial Express               

Ø  PM Narendra Modi takes stock of readiness for GST rollout

Ø  IOC announces Rs 1.80-trillion investment plan in next 6 years

Ø  PayU snaps up rival Citrus Pay for $130 million

Ø  Sebi deems share transfer by promoters by way of gift as sale

Ø  Apollo Tyres to double Chennai plant capacity at Rs 2,700 crore

Ø  Afghanistan eyes $10 billion trade and investment with India



Financial Chronicle

Ø  Indefinite parking of money in schemes impedes growth: Jaitley

Ø  WPI inflation hits 2-year high of 3.74% in Aug

Ø  Inflation may further rise in coming months: India Inc

Ø  Overspending to put pressure on RIL rating: Moody's

Ø  US pitches for bilateral investment treaty with India

Ø  Banks add leverage to hike returns on masala bonds

CALL OF 14/09/2016 WEDNESDAY

@ 10:44

Intraday call 

Buy HDFC ltp 1386 

sl 1379 

trgt 1396

TRGT HIT

CALL OF 14/09/2016 WEDNESDAY

@ 11:04

Sell HDFC BANK ltp 1280 

sl 1284 

trgt 1274

MADE A LOW OF 1274

TRGT HIT

CESC Q1

                    

Net Profit At Rs.174 Cr Vs CNBC-TV18 Poll Of Rs.168 Cr

Total Income At Rs.1,912 Cr Vs CNBC-TV18 Poll Of Rs.1,785 Cr

EBITDA Rs.411 Cr At Vs CNBC-TV18 Poll Of Rs.400 Cr

KAVERI SEEDS Q1

Net Profit At Rs 160 Vs Rs 220 Cr YoY

EBITDA Margin At 32% Vs 41.8% (YoY) 

Net Sales At Rs 494 Cr Vs Rs 539.4  Cr YoY

NIFTY VIEW:

Nifty 50 (8715)

Nifty as mentioned earlier is showing gap and island formation if it does not fill the two gaps of 8750..8754 and 8824..8848 in this week it can show selling pressure.

Nearest support zone lies around 8700..8650..8626..8600.

These are multiple and strong supports if holds here it can resume back to fill the above gaps.

But if slides below all these zones and breaks 8470..8500 on closing basis it enters into bearish zone 

Above resistance are the two gaps and 8960 ..9000 on closing basis.

MARKET UPDATE

SGX: 8752(-23)
Nikkei: 166689 (-39)
HANGSENG :23261(+45)

Dow: 18067 (-258) (-1.41%)
S&P: 2127 (-32) (-1.48%)
Nas: 5155 (-57) (-1.09%)
Brazil: 56821 (-1765) (-3.01%)
Ftse: 6666 (-35) (-0.53%)
Cac: 4387 (-53) (-1.19%)
Dax: 10387 (-45) (-0.43%)

WTI Oil: $44.9 (-3%)
Brnt: $47.10 (-2.52%)
Gold: $1319 (-0.7%)
Silver: $18.98 
Copper: $210.15
Eur-$: 1.1219
GBP-$: 1.3192
$-Jpy: 102.48
Re: 66.9238: shut
$ Index: 95.633: +0.57%
US10yr: 1.73%
Vix: 17.85: +17.74%
BalticDry: 796 (-8) (-1%)

ADR/GDR

Cogni (-2.48%)
Infy (-1.95%)
Wit (-1.72%)
IciciBk (-1.99%)
HdfcBk (-2.12%)
DrRdy (-1.08%)
TataMot (-2.35%)
TatSt (-0.18%)
Axis (-0.56%)
SBI (-0.26%)
RIL (-0.63%)

Today’s Major Results:..
A2ZINFRA, ANANTRAJ, BEML, BI, CESC, DBREALTY, EDUCOMP, ESSDEE, GMRINFRA, GUJNRECOKE, HINDDORROL, IVRCLINFRA, JINDRILL, KSCL, KWALITY, MAHSEAMLES, MANDHANA, MMTC, MONNETISPA, NBCC, ORISSAMINE, PATELENG, PRESTIGE, PROVOGE, RCOM, REIAGROLTD, ROLTA, STARLOG, STERLINBIO, SUPREMEINF, SUNTECK, UNITECH, VIKASWSP, etc…

Economic Times

Business Standard
Ø  India and Russia discuss direct gas delivery line
Ø  'Implementation of GST to attract more FDI'
Ø  Bharti Airtel agrees to take Jio's voice call 
Ø  Coal India’s Q1 net profit dips 14%
Ø  Government to back GST standard rate of 18-19%
Ø  Reliance Infra to scale up order book to Rs 30k cr

Ø  Sebi might ask Diageo to revise USL open offer
Ø  Moderating retail inflation raises rate cut hopes: Ind-Ra
Ø  Regulators step up scrutiny of drug makers
Ø  Reliance Capital to list Housing finance biz
Ø  Ashok Leyland plans multiple satellite plants abroad
Ø  Dr Reddy's enters Dow Jones Indices
Business Line
Ø   India-Hong Kong trade affected by China bogey
Ø  Zee Entertainment enters the Hispanic market
Ø  MCX silver under pressure, may extend fall in near-term
Ø  HCC bags Rs. 182 cr contract by Department of Atomic Energy 
Ø  Global oil surplus to persist into first half of 2017: IEA
Ø  Monsoon set to begin retreating from Rajasthan
Mint
Ø  Govt plans economic corridors with investment of Rs3 trillion
Ø  Cyrus Mistry optimistic about acquisitions by Tata firms within India and outside
Ø  Cauvery dispute: Infosys, TCS, Wipro shut offices after violence
Ø  Ikea targets India, China expansion to meet sales growth aim
Ø  Quikr acquires Stayglad for undisclosed amount
Financial Express               
Ø  Over 70 % newly-listed cos give smart returns to investors
Ø  Tata Steel Kalinganagar plant generates 17K job opportunities
Ø  Mukesh Ambani-owned Rel Ind biggest defaulter of MMRDA
Ø  Government working to address call drop issue: Minister
Ø  RJio counters Airtel's claim of 'tsunami of free traffic'

Financial Chronicle
Ø  Goldman uses retail deposits for WS-style profits
Ø  Oil falls on US drilling, shrugs off upbeat China data
Ø  AUM of gold ETFs stagnant despite price rise
Ø  ONGC seeks exemption from paying oil subsidy
Ø  Railways to save Rs 10,000 cr after budget merger

Reliance Power

Cons Net Profit At Rs.340.5 Cr Vs CNBC-TV18 Poll Of Rs.321 Cr

Cons Total Income At Rs.2,678.7 Cr Vs CNBC-TV18 Poll Of Rs.2,845 Cr

NIFTY BANK VIEW:

Nifty bank (20245)

Nifty bank too has short term support around 19900..19800 if breaks, can show 19300..19000 zone.

Resistance lies around 20500..20900

NIFTY VIEW:

Nifty 50 (8866)

Nifty has closed below 8900 and with an inverted hammer so some cooling down can be seen. 

Short term support is 8800..8700 if holds here can bounce back and if maintains above 8900 on closing basis for the uptrend to resume.

Positional support is still 8460..8440 zone.

Resistance is 9000..9140..

World Markets Update

SGXNifty: 8760 (-147)
DJ: 18085 (-394)
NASDAQ 5125 (-133)
FTSE: 6776 (-81)
HANGSENG : 23513 (-586)
NIKKEI: 16708 (-133)

Fno ban :
CENTURYTEXT 
IBREALEST 
JINDALSTEL
JISLJALEQS
KSCL
RCOM

Business Standard

Ø  Foreign investors feel tremors of GAAR

Ø  Citi, M Stanley to manage stake sale in SUUTI cos

Ø  EPF may get 8.6 per cent interest in 2016-17

Ø  Raghuram Rajan took many steps to put banking system in right direction: President

Ø  EU/IMF rift on Greek debt is hurting country: Tsipras

Ø Government wants PSBs to take equity route



Ø  Fin Ministry revises criteria for recapitalisation of PSU banks

Ø  FPIs infuse $1 bn in capital markets in Sept

Ø  December CPI reading likely to be sub-4%: SBI Research

Ø  NSE to permit collateral transfer from September 19

Ø  Gujarat plant to help Maruti achieve 50% market share

Ø  Voda-BSNL 2G intra-circle roaming pact to tackle call drops

Ø  Soaring losses may queer Tata Tele's spectrum pitch

Business Line

Ø  Equities ‘will yield better returns’ than bonds, gold 

Ø  Solar power industry yet to feel the heat of low tariffs

Ø  Automobile industry co-opts EY to drive skill development

Ø  India-US economic summit from Sept 14

Ø  Kharif sowing till date 4.2 per cent higher than last year

Mint

Ø  COAI terms tiff with TRAI as ‘unfortunate misunderstanding’

Ø  New lending norms may nudge banks towards retail loans: Arundhati Bhattacharya

Ø  DLF to invest Rs500 crore on developing IT park in Chennai

Ø  Vedanta shareholders approve merger plan with Cairn India

Financial Express               

Ø  Funds mop-up via QIPs slumps 90% in Q1

Ø  Global markets being jolted by systematic funds



Financial Chronicle

Ø  CBEC to be renamed as CBIT under GST regime

Ø  Direct selling companies barred from charging entry fee

Ø  Cotton stocks come down as supply pressure increases

Ø  Three IPOs to hit markets in Sep to raise Rs 7,000-cr

Economic Times

                    
Business Standard

Ø  Rules may be eased for banks and NBFCs under GST

Ø  Brookfield set to buy majority stake in RCom towers

Ø  Gas price for ONGC may be slashed by 20%: CMD

Ø  India's net FDI inflows for FY17 likely at $35 bn: Citigroup

Ø  ONGC may buy stake in GSPC's KG basin block

Ø  4G telecom service to rake over Rs 79K cr in 4 yrs: Study

Ø  Govt issues norms for time-bound closure of CPSEs



Ø  President's nod to Constitution Amendment Bill on GST

Ø  Auto sector clocks robust 26% growth in August

Ø  Shah panel report vindicates our stand, says ONGC

Ø  US cuts anti-dumping duty on our shrimp import

Ø  Volatility forces Yes Bank to defer $1 bn QIP

Ø  HZL plans to double silver production in 5 years: Sunil Duggal

Ø  Maruti Suzuki India to consider stock split

Business Line

Ø  Adani Group, Tata Power emerge top players in solar market

Ø  Just Dial gets RBI’s in-principle nod for its prepaid wallet

Ø  ‘GST law is like India signing a free trade pact with itself’

Ø  SAIL losses rise to Rs 536 cr in first quarter

Ø  Godrej eyes smart cities projects to scale up premium locks segment

Mint

Ø  Byju’s raises $50 million from Chan Zuckerberg Initiative, others

Ø  Reliance Jio, Airtel, Vodafone, Idea to meet Trai over interconnecting charges

Ø  Maharashtra’s mega refinery, petchem project faces land acquisition hurdle

Ø  Cairn-Vedanta merger gets LIC backing

Financial Express               

Ø  Sensex ends 119 points up, Nifty settles above 8,950;

Ø  Government may allow employees to raise New Pension System fund in stocks soon

Ø  RBI cancels registration certificate of 5 NBFCs

Ø  Banks can accept tax dues in cash under IDS: RBI

Ø  Mahindra eyes Rs 2,600-cr incremental revenue from Ola tie-up



Financial Chronicle

Ø  HP Enterprise in $8.8b deal with Micro Focus

Ø  Tesla gets $300m lease credit line from Deutsche Bank

Ø  'India among top M&A markets in emerging Asia'

Ø  TCS warns financial clients delaying spending

Ø  Sebi sets price bands for non-farm commodities

Ø  August sees sharp rise in flows into equity MF, ELSS

Market Update

Sgx Nifty -39 pts
‎Dow -46.23 pts ,Nsdq -24.44 , S&P -4.88 pts‎, Bovespa +102 , Ftse +12 pts , Dax -77 pts  , Cac -15 pts , Nikkei  +11 pts  now, Crude @ $47.33 brl (-0.29), Brent @ $49.99 brl (+2.01) , Gold @ $1340.50 (-1.10), Silver @ $19.65 (-0.02), Euro @ $1.1267, JPY @ $102.3100, INR @ $66.4238



Today's Corporate Action
9th  Ex Date


AKCAPIT
Final Dividend - Rs. - 6.0000
ASL
Dividend - Rs. - 0.9000
BEEKAY
Dividend - Rs. - 1.0000
CHOICEIN
Dividend - Rs. - 1.0000
COMFINTE
Dividend - Rs. - 0.0200
DAAWAT
Final Dividend - Rs. - 1.5000
DHPIND
Dividend - Rs. - 2.0000
DIANATEA
Dividend - Rs. - 0.2500
FIEMIND
Final Dividend - Rs. - 3.0000
FRONTSEC
Final Dividend - Rs. - 0.5000
HTMEDIA
Dividend - Rs. - 0.4000
JKIL
Dividend - Rs. - 2.0000
KCPSUGIND
Dividend - Rs. - 0.2500
MCX
Dividend - Rs. - 6.5000
MOLDTEK
Final Dividend - Rs. - 0.2000
MOLDTKPAC
Final Dividend - Rs. - 1.2500
NCLIND
Final Dividend - Rs. - 1.0000
PCJEWELLER
Dividend - Rs. - 3.3500
THEBYKE
Dividend - Rs. - 1.0000




Today's Key Result
9th Sept


Gspl ( 111 Cr -1% Yoy) 
National Allum (197 Cr +21% Yoy) 
Lanco Infra,National Fert, Sjvn, SOBHA Ltd, Timken Ind, Titagarh Wagon,Vascon Eng, Zee Media,Zuari Agro,Zuari Global 
Srcs-Cogencis Est Net 



Today's‎ Data Alert


Sep 09: TERM REPO: 14-day variable rate term repo for 190 bln rupees. Bids
to be submitted between 1100 and 1130 IST.

Sep 09: Index of Industrial Production for July, by CSO. 1730 IST





Today's Global Data



Sep 9: US July consumer credit data; 0030 IST

Sep 9: US foreign central bank holdings data; 0200 IST

Sep 9: US money stock measures data; 0200 IST

Sep 9: US Federal Reserve discount window borrowings data; 0200 IST

Sep 9: Japan July tertiary industry Index; 1000 IST

Sep 9: Germany July foreign trade data; 1130 IST

Sep 9: Germany July balance of payments data.

Sep 9: France July industrial production data; 1215 IST

Sep 9: UK July trade data; 1300 IST

Sep 9: Canada August Housing starts data; 1745 IST

Sep 9: US weekly export sales data; 1800 IST

Sep 9: US July monthly wholesale trade data; 1930 IST

Sep 9: Eurozone finance ministers meeting

Sep 9: European Union finance ministers meeting

Economic Times

Business Standard

Ø  S Arabia said to weigh canceling $20 bn of projects

Ø  BHEL reports 54% surge in Q1 net; stock rallies 15%

Ø  India may get 5G with the rest of the world

Ø  ONGC net profit dips 21% in April-June quarter

Ø  Holding on to pvt banks but no fresh buy: Holland

Ø  China's state-owned banks cut thousands of jobs



Ø  GST April 1, 2017 deadline a stiff target: Arun Jaitley

Ø  NITI Aayog bats for strategic sale of 22 central PSUs

Ø  $2 bliion renewable energy fund goes in NIIF lap

Ø  CPEC projects worth $17 billion in advance stage of approval

Ø  IDFC Bank for acquisitions & fintech tie-ups to grow retail book

Ø  ICICI Pru Life gets Sebi nod for Rs 5,000-cr IPO

Business Line

Ø  DoT lobs RJio interconnection row into regulator’s court

Ø  Scaling up: Centre plans to double capacity of solar parks 

Ø  UBL management backs Mallya for continuing as Chairman

Ø  Ashok Leyland agrees to part ways with Nissan

Ø  SEBI fixes daily price limit for non-agricultural commodities

Ø  Nabard to provide funds toCentre for irrigation projects 

Mint

Ø  India to push for WTO trade facilitation deal in services

Ø  Tata Advanced Materials wins contract from Boeing

Ø  IOC to send fuel consignment for Tripura via Bangladesh on 9 September

Ø  Yes Bank set to launch biggest QIP of 2016

Ø  SpiceJet Q1 net profit more than doubles to Rs149 crore

Financial Express               

Ø  India among priority nations in UK's post-Brexit trade agenda

Ø  Sensex closes 52 points down at 28,926, Nifty settles at 8,922; SpiceJet, BHEL soar

Ø  Motherson Sumi Systems acquires auto business unit of Abraham and Co



Financial Chronicle

Ø  India to focus reforms on tax, banks, infrastructure: Arun Jaitley

Ø  India expects $6b investment in airports sector

Ø  Fed says US economy in good shape, wants rate hike

Ø  Parag MF to hold AGM Buffett-style

Ø  FTA negotiations with India complicated: Australia

Ø  STFC targets to double AUM in next five years

Ø  Enbridge buying Spectra in $28 billion deal

Market Update

Sgx Nifty +1 pts
‎Dow -11.98 pts ,Nsdq +8.02 , S&P -0.32 pts‎, Bovespa Clsd , Ftse +20 pts , Dax +65 pts  , Cac +27 pts , Nikkei  -34 pts  now, Crude @ $46.13 brl (+0.63), Brent @ $47.98 brl (+0.72) , Gold @ $1349.80 (+0.60), Silver @ $19.89 (+0.03), Euro @ $1.1240, JPY @ $101.7500, INR @ $66.3675



Today's Corporate Action
8th  Ex Date


ATULAUTO
Final Dividend - Rs. - 2.5000
BAJFINANCE
Bonus issue 1:1
BAJFINANCE
Stock  Split From Rs.10/- to Rs.2/-
COALINDIA
Buy Back of Shares 
CYIENT
Special Dividend - Rs. - 2.5000
EMMBI
Dividend - Rs. - 0.5000
ESCORTS
Dividend - Rs. - 1.2000
GAIL
Final Dividend - Rs. - 3.0000
GUJHOTE
Dividend - Rs. - 3.5000
HIMATSEIDE
Final Dividend - Rs. - 1.5000
INDUSFINL
Dividend - Rs. - 0.4000
KOLTEPATIL
Final Dividend - Rs. - 1.5000
MANALIPE
Dividend - Rs. - 0.5000
MANGLMCEM
Dividend - Rs. - 0.5000
MAZDALTD
Dividend - Rs. - 6.6000
MISHTANN 
Stock  Split From Rs.10/- to Rs.1/-
NAGAAGRI
Final Dividend - Rs. - 0.1000
NAHARCAP
Dividend - Rs. - 1.5000
NAHARSPING
Dividend - Rs. - 1.5000
NBCC
Dividend - Rs. - 2.0000
NHPC
Final Dividend - Rs. - 0.5800
NTPC
Final Dividend - Rs. - 1.7500
PNBGILTS
Dividend - Rs. - 1.1000
POKARNA
Dividend - Rs. - 3.0000
POKARNA
Special Dividend - Rs. - 7.0000
PONDYOXIDE
Dividend - Rs. - 2.0000
POWERGRID
Final Dividend - Rs. - 1.5100
SICAGEN
Dividend - Rs. - 0.6000
SUNPHARMA
Dividend - Rs. - 1.0000
TIPSINDLTD
Dividend - Rs. - 1.0000
UGARSUGAR
Dividend - Rs. - 0.2500
ULTRACAB
Bonus issue 1:2
WIMPLAST
Bonus issue 1:1


Today's Key Result
8th Sept


Jspl(-488 Cr) 
Sail (-115 Cr) 
Cimmco,Eros Int, Essar Shipping, Fintech, Guj Fluoro, Hindustan Comp,Nagarjuna Fert, Puravankara Proj, Seamec, Shree Rama News,Tv Today, Venky's Ind, West Coast Paper 
Srcs-Cogencis Est Net 


Today's Global Data


Sep 8: US API crude stocks data for week ended Sep 2; 0200 IST

Sep 8: UK August RICS housing prices data; 0431 IST

Sep 8: UK August Markit/REC jobs data; 0431 IST

Sep 8: Japan July balance of payments; 0520 IST

Sep 8: Japan Apr-Jun external debt data; 0520 IST

Sep 8: Japan August bank lending data; 0520 IST

Sep 8: Japan Apr-Jun gross domestic product second estimates; 0520 IST

Sep 8: Japan August corporate insolvencies data; 1000 IST

Sep 8: Germany Apr-Jun labour cost index; 1130 IST

Sep 8: France July OECD Composite leading indicators; 1530 IST

Sep 8: European Central Bank interest rate announcement; 1715 IST

Sep 8: US unemployment insurance claims data for week ended Sep 3; 1800 IST

Sep 8: US Bloomberg consumer comfort index; 1915 IST

Sep 8: US Apr-Jun services data; 1930 IST

Sep 8: US EIA natural gas storage data for week ended Sep 2; 2000 IST

Sep 8: UK Chancellor Philip Hammond to appear before Lords Economic Affairs Committee; 2005 IST

Sep 8: US EIA crude oil stocks data for week ended Sep 2; 2030 IST

GAIL Q1

Net Profit At Rs 1,335.2 Cr Vs CNBC-TV18 Poll Of Rs 802 Cr 

Total Income At Rs 10,851.8 Cr Vs CNBC-TV18 Poll Of Rs 12,152 Cr 

EBITDA At Rs 1,593.2 Cr Vs CNBC-TV18 Poll Of Rs 1,457 Cr

ONGC Q1

Net Profit At Rs 4,232.5 Cr

Total Income At Rs 17,784.8 Cr Vs CNBC-TV18 Poll Of Rs 23,636 Cr

EBITDA At Rs 8,484.5 Cr Vs CNBC-TV18 Poll Of Rs 8,164 Cr

BHEL Q1

Net Profit At Rs.77.7 Cr

Total Income At Rs.5,622 Cr Vs CNBC-TV18 Poll Of Rs.4,630 Cr

CALL OF 02/09/2016 FRIDAY

@ 10:08

Buy Bank of India ltp 114 

sl 108 

trgt 123 ++

TRGT HIT 

NIFTY BANK VIEW:

Nifty bank (20426)

Nifty bank is heading towards its all time high 
Yesterday it showed nearly 20500 with a high of 20459

It can show 20500..700.900 soon

Support zone lies around 20000..19000

NIFTY VIEW:

Nifty 50 (8943)

Nifty as mentioned earlier can show 9000 very soon it is heading towards it. 

8950..8980..9010 can act as resistance and nifty can cool from there to again its nearest support levels 8900..8860. 

If crosses the resistance zone on closing basis it can show new high soon 

9280..9300.

Business Standard

Ø  SUUTI stake sale: Govt eases rules for bankers

Ø  'India will soon be zero petroleum import country'

Ø  SBI raises Rs 2,100 crore through perpetual bonds

Ø  BSE asks brokers to submit digital signatures

Ø  Niti Aayog working on second list of PSU divestment

Ø  Rupee hits near 4-month peak of 66.52 as dollar crumbles

Ø  Govt includes net broadcasting under Copyright Act



Ø  Power ministry to retire 6,000-Mw thermal capacity

Ø  Share of gas in India's fuel basket is set to zoom to 15%

Ø  BSE to file IPO draft prospectus this week

Ø  37% districts short of rain despite 'normal' monsoon

Ø  Asia needs $7.7 trillion to meet climate change goal: Study

Ø  Glenmark discovers new biologic drug for cancer treatment

Ø  Personal loan delinquencies lower than home loans: Equifax

Business Line

Ø  Jindal Steel to supply head- hardened rails for high-speed, metro projects

Ø  Bayer shareholder says opposes new Monsanto takeover terms 

Ø  Poultry imports: US refuses to drop $450-m compensation demand 

Ø  MRPL targets Sept 2019 for BS6 switchover

Ø  India, Chile expand preferential trading pact to boost economic ties

Ø  Lupin gets tentative nod from USFDA for Silodosin capsules 

Mint

Ø  Vedanta shareholders approve merger with Cairn

Ø  Low US and global growth boosts equities

Ø  Lanco, Dabhol bag half of gas in e-auction by power ministry

Ø  Tata Motors bags order for 5,000 buses

Ø  BSNL to cut tariffs to match Reliance Jio challenge

Ø  US’s inconsistent stand undermines global trade rules, India tells WTO

Financial Express               

Ø  Sensex ends at 18-month high on global cues, strong rupee

Ø  Analysts warn of 'difficult' FY17 for IT sector

Ø  NABARD to raise Rs 77,000 crore to fund irrigation projects

Ø  Govt bonds receive bids worth USD 1.12 bn from FPIs

Ø  Six firms show interest in levitation-based train system

Ø  Karachi Chamber of Commerce cancels Indian envoy's event



Financial Chronicle

Ø  G20 a success for China, but hard issues avoided

Ø  ESIC raises wage threshold to Rs 21,000

Ø  States on board for scrapping plan, non-plan budgeting

Ø  Ramco bags order for aviation software

Ø  MFIs see 29% rise in loan disbursements in Q1

Ø  Gold steady as Sept Fed rate hike views cool