Havells Q2

Net Profit At Rs 145.8 Cr Vs CNBC-TV18 Poll Of Rs 155 Cr;

Total Income At  Rs 1,559.3 Cr Vs CNBC-TV18 Poll Of Rs 1,528 Cr

Economic Times

Business Standard
Ø  IMF warns Pak of China-Pak Economic Corridor
Ø  Institutions can play key role in financial inclusion: FM
Ø  UK govt downplays cabinet tensions over Brexit
Ø  Road construction pace set to double by FY18: Crisil
Ø  India's groundnut production to increase by 70%: SEA
Ø  Airtel Awards Rs 3,350 crore 4G contract to Nokia
Ø  A $10 billion unhedged gap makes rupee's future tense

Ø  GST Council to meet on Tuesday, decide tax rate by Oct 20
Ø  Centre proposes 26% peak rate for GST
Ø  Kharif Crop Survey- 1: Pulses output might be a bumper one
Ø  Appeal to GST Council for highest tobacco tax
Ø  Anti-dumping duty likely on a chemical from 3 nations
Ø  Cheaper pound hope for Tata group firms
Ø  Gold savings schemes under Sebi scanner
Business Line

Mint
Ø  CAD may stay below 1% of GDP: DBS
Ø  BSE asks brokers to submit bank, demat a/c details by Oct26 
Ø  Gold bonds eligible for trading from Oct 19
Ø  UltraTech Cement Q2 net profit jumps 25% to Rs. 614 cr
Ø  Shorter crushing season expected on lower cane supply 
Ø  South-West monsoon may exit entire country in next 2 days

Ø  Rosneft’s Essar Oil deal takes Russia’s turf war to Middle East backyard
Ø  Ashok Leyland unveils India’s first indigenous electric bus
Ø  ReNew Power plans to raise $500 million via offshore bonds
Ø  Morgan Stanley brokers use bank pact to flee, clients in tow
Ø  Standard Chartered’s India problem is (half) solved by Essar deal
Financial Express

Financial Chronicle
Ø  BSE, NSE to conduct 60-minute 'Muhurat Trading' on Diwali
Ø  Sensex ends 144 points down, Nifty settles below 8,530
Ø  India, US trade ministers to meet on October 20 as part of Trade Policy Forum
Ø  Govt unlikely to go in for cut in public expenditure
Ø  Samsung to pump Rs 1,970 cr to boost Noida facility capacity

Ø  Panel set up to review gold regulatory policies
Ø  Oil prices slip on rise in US drilling, strong dollar
Ø  Rice prices may stay stable despite record production
Ø  PepsiCo sets global target for sugar reduction
Ø  Cumin may witness bullish trend in coming months

MARKET UPDATE

SGX Nifty +35 pts (8566) from last trade 8531 , 

Nikkei +11 pts , Hangseng +93 pts , NOW @6.55am , 

Dow:18086         -51       -0.29%

Nasdaq:5199     -14       -0.27%

S&P500:2126     -6         -0.30%  

Infy:+0.26%,              Wit:+0.41%

Ttm: -1.24%,             Rdy: -0.02%

Hdb: -1.10%,            Ibn:+4.81% 

SBID:+0.40%,             RIGD: -2.29% 

Us/Inr: $66.78,          Eu/Us:1.10

DIX: 97.73,                 JPY: 103.73

Gold:$1257,               Silver: $17.51

Oil: $50.17,                Brent: $51.74

US10-YR : 1.77%      +0.004

ULTRATECH Q1

Consol Net Profit At Rs 610 Cr  Vs Rs 490 Cr (YoY)

Consol Total Income At Rs 6,509 Cr Vs Rs 6,670 Cr YoY

EBITDA Margin At 17.8%

Consol Input Cost At Rs 890 Cr  Vs Rs 960 Cr (YoY)

DHFL Q2

Net Profit Up 28.9% At Rs 233 Cr Vs Rs 180 Cr YoY

Total Income At Rs 2,166 Cr Vs Rs 1,811 Cr YoY

Approved Issuance Of NCDs Worth Rs 5,000 Cr

NIFTY BANK VIEW:

Nifty Bank (19020)

Nifty Bank too has bounce back zone around 18700..19000.

If holds here can bounce to 19800 zone.

If breaks 18700 can show 18000.

NIFTY VIEW:

Nifty 50 (8583)

Nifty has strong bounce back and support zone around 8480....8500.

Any dip around this zone is a good buying oppurtunity for a target of 8740..8780 with sl 8440.

If breaks 8500 on closing basis and maintains below 8440, it can slide to 8300.

MARKET UPDATE

SGX Nifty -31 pts (8580) from last trade 8611 , 

Nikkei +9 pts , Hangseng -69 pts , NOW @6.53am , 

Dow:18138         +39       +0.22%

Nasdaq:5214       +1        +0.10%

S&P500:2132      +1        +0.10% 

Infy: -5.95%,               Wit: -1.51%

Ttm:+1.93%,             Rdy: -1.64%

Hdb:+0.82%,             Ibn:+1.68% 

SBID:+1.48%,        RIGD:+3.15% 

Us/Inr: $66.75,           Eu/Us:1.09

DIX: 98.10,                 JPY: 104.11

Gold:$1253,          Silver: $17.47

Oil: $50.06,           Brent: $51.74

US10-YR : 1.798%   +0.006

Economic Times

Business Standard

Ø  $10 billion unhedged gap may put rupee under pressure

Ø  India lost 550 jobs every day in the last 4 yrs

Ø  RJio accuses Voda, Idea of violating Trai on PoIs

Ø  IEP puts 75% Sagar Ratna stake on the block

Ø  BRICS for stronger global commitment to deal with corruption, blackmoney

Ø  'Oil biz deal will help Essar achieve sustainable path'



Ø  India seeks $500-bn BRICS trade by 2020

Ø  Essar Oil sale to reduce group revenue by 80%

Ø  Mandatory listing of insurance firms on hold

Ø  FinMin to issue rules for norms under BEPS

Ø  Niranjan Hiranandani spoilt for choice after $1-bn sell-off

Ø  Extra conditions for metal scrap import

Ø  TCS, Infy to maintain higher margins

Business Line



Mint

Ø  Rural inflation surges ahead of urban price rise

Ø  Help local industries support economic growth: AIMO

Ø  ‘GST can reduce transportation cost by 20-30 per cent’

Ø  S&P Dow Jones readies indices for BSE Intl Exchange

Ø  JSW Steel in race for Italian giant

Ø  B2B hiring grows 32%; B2C faces restructuring woes



Ø  Sebi appoints three-member bench to adjudicate NSEL broker issue

Ø  LIC to invest Rs6,000 crore in NHAI bonds

Ø  Cipla signs deal to set up first biosimilars unit in South Africa

Ø  Brick Eagle set to raise Rs700 crore for affordable housing projects

Ø  RBI to allow partial write back of Punjab food credit provisions

Financial Express



Financial Chronicle

Ø  Air India mulls Rs 10,000 cr debt rejig under RBI's new scheme

Ø  ZTO Express eyes largest Chinese company US IPO since Alibaba

Ø  Chinese goods sale to drop 30 per cent this Diwali: CAIT

Ø  US firm to start urea plant in Chandrapur district: Nitin Gadkari



Ø  India, Russia to study building $25b pipeline

Ø  JV to pump $500 million in Siberian gold mine

Ø  Leaders for strong IMF to bridge infra funding gap

Ø  New life premiums see 61% rise in September

Ø  MFs approach Sebi with 64 new schemes this year

Ø  BP Plc gets licence to set up petrol pumps in India

INFOSYS Q2

Consol Net Profit At Rs 3610 Cr Vs Rs 3398 Cr (YoY)

Consol Revenue At Rs 17,310 Cr

Cons EBIT At Rs 4,309 Cr Vs CNBC-TV18 Poll Of Rs 4,182 Cr 

To Pay Rs 11/share As Interim  Dividend

Business Standard

Ø  Jayant Sinha will continue to head IFC task force
Ø  India needs $1 tn for housing, infra projects: Report
Ø  Retail inflation falls to 4.31% in September 
Ø  India is Russia's 'privileged strategic partner': Putin
Ø  Airtel, Voda, Idea, others denying inter-connect: Ringo
Ø  Domestic reforms to cushion India from global shocks: FM

Ø  Rosneft, two others to buy 97.4% in Essar Oil
Ø  BRICS Summit to take steps to strengthen trade
Ø  TCS net profit beats estimates in 'unusual Q2'
Ø  NYSE listed Aetna enters Indian market with IHO
Ø  India could be at the centre of Suzuki-Toyota deal
Ø  Jubilant Life gets USFDA nod for urinary incontinence drug
Business Line

Mint
Ø  Net direct tax collections up 8.95% in H1 FY17
Ø  Winter session of Parliament to begin from Nov 16
Ø  HDFC's Rs. 500-cr bond issue opens on Friday
Ø  PNB Housing Finance gets SEBI nod for Rs. 2,500-cr IPO
Ø  Textile Ministry in favour of signing FTA with EU
Ø  Cabinet clears revision in ethanol prices for blending in petrol

Ø  ONGC, United Energy said to vie for $2 billion Chevron fields
Ø  TCS Q2 profit rises 8% to Rs6,590 crore
Ø  Unilever issues warning on India growth in September quarter
Ø  RBI allows banks to consider govt securities towards SLR calculation
Ø  RBI chief Urjit Patel warns of risks from Brexit, US elections
Financial Express

Financial Chronicle
Ø  Sensex cracks 439 points, Nifty settles below 8,600
Ø  Thursday's sell-off wipes off Rs 1.66 lakh crore of BSE investors’ wealth
Ø  Government approves Rs 1,955 crore road link project
Ø  With 97% rain, India gets 'normal' monsoon after 3 years

Ø  Revisit 700 MHz spectrum band pricing: GSMA to govt
Ø  Marginal improvement in biz optimism for Q4: D&B
Ø  IndusInd profit jumps 26% to Rs 704 crore
Ø  Bharti's debt to rise by $2b on spectrum buys: Moody's
Ø  Utkarsh raises Rs 395 crore to up domestic holdin

MARKET UPDATE

Dow:18098      -45    -0.25%

Nasdaq:5213   -25    -0.49%

S&P500:2132.  -6     -0.31% 

VIX :16.69   +0.78    +4.90%

Nikkei: 16792  +18   +0.11%

Infy:+4.52%,          Wit:+2.27%

Ttm: -2.32%,         Rdy:+0.68%

Hdb: -0.67%,        Ibn: -2.99% 

SBID: -1.85%,       RIGD: -2.91%

Us/Inr: $66.75,     Eu/Us:1.10

DIX: 97.64,            JPY: 103.80

Gold:$1258,          Silver: $17.50

Oil: $50.58,           Brent: $51.97

US10-YR : 1.752%   +0.014

SGX Nifty: 8595.50   +19.50

TCS Q2

     

Net Profit Rs 6,586 Cr Vs Rs 6,287 Cr QoQ

Total Income At Rs 29,284 Cr

Consol Operating Margins At 26% Vs 25.1%  QoQ

$ Revenue At $ 4374 Mn Up 0.3%

Digital Revenue At 16.1%

Business Standard

Ø  Rosneft deal: Billionaire Ruias stake in Essar Oil may dip 10%

Ø  Pakistan plans a bigger Saarc with China, Iran to end India's hold

Ø  India receives 1st parcel of Iranian oil for storage

Ø  No fiscal worries, government spending won’t falter: Arun Jaitley 

Ø  OPEC tries to build momentum for global oil freeze

Ø  US Fed hike to have only small impact on India

Ø  ZEE buys Rel Broadcast Networks for Rs 1,872 cr


Ø  SIT set to comb P-Note data for black money

Ø  New food norms to open up value-added market

Ø  FSSAI to issue food fortification norms on Oct 16

Ø  Sun Pharma recalls 31,762 bottles of drug sold in US

Ø  EU toughens testing norms on Indian aquaculture products

Ø  Solar sector attracts corporate funding worth $3 billion in Q3

Ø  Russia to drive non-OPEC output rise in 2017

Ø  BoJ policymakers signal higher threshold for further easing

Business Line

Mint
Ø  PSBs losses may hamper ability to pay interest on bonds: Crisil 

Ø  Inflation seen cooling to one-year low in Sept

Ø  Airtel takes on RJio with revamped MyAirtel App

Ø  IL&FS Engineering bags Rs. 162.6-cr order from GAIL

Ø  India is 4th largest investor in Qatar


Ø  Toyota’s Suzuki dalliance marks auto industry fight for survival

Ø  China’s Baidu sets up $3 bn internet investment fund

Ø  Govt eyes merger of two big state-run banks after debt clean-up

Ø  Indusind Bank Q2 profit rises 25.7% to Rs704.26 crore

Ø  Crisis at Ericsson deepens as profits plunge 94%

Financial Express

Financial Chronicle
Ø  ABB looks to make India export hub for power, automation technology

Ø  Hyderabad individual declared Rs 10,000 crore black money: Naidu

Ø  Railways to sign MoU with Germany for high-speed trains

Ø  Cisco goes bullish on India, unveils unit in Pune


Ø  Indian consortium eyes stake in Russian Arctic oilfield

Ø  Defence contracts worth Rs 50k cr on the anvil: Parrikar

Ø  Bharti's debt to rise by $2b on spectrum buys: Moody's

Ø  Solar sector attracts about $3b corp funding in Q3

Ø  IOC to lay India's longest LPG pipeline

Economic Times

Business Standard
Ø  Euro zone economy resilient to shocks: ECB's VP
Ø  'Indian telecom is in its most exciting phase right now'
Ø  Growth data may come out in two parts
Ø  Govt gets set to bring in realty act for homebuyers
Ø  Reliance Jio sets 'world record', crossed 16 million subscriber mark in first month
Ø  FM makes a strong pitch for re-capitalising World Bank
Ø  Jaitley warns against risks of low, negative interest rates

Ø  Dutch pension fund in talks for mall stake
Ø  Singapore wants to delay revision of tax treaty with India
Ø  Tata Steel may be close to pension deal: Report
Ø  India puts forth surprise proposal to tackle HFCs
Ø  HDFC Realty mulls helping banks dispose of defaulter assets
Ø  China criticizes European import duties on steel
Ø  Maruti plans to export Baleno to over 100 mkts globally
Business Line

Mint
Ø  Centre issues three draft insolvency regulations 
Ø  China makes new pitch for FDI, liberalises rules for firms 
Ø  Centre to notify real estate rules soon 
Ø  Kingfisher Villa piques interest of hospitality players
Ø  NPPA caps prices of 31 essential drugs up to 35%
Ø  NMDC, NALCO, MOIL share sale may kick off in March quarter

Ø  MMRDA awards contract to prepare master plan for Mumbai IFSC
Ø  M&A deals in January-September hit peak at $46 billion
Ø  ONGC signs pact to buy stake in GSPC's KG basin block
Ø  REC, PFC to aid revival of small hydel projects: Piyush Goyal
Ø  Government may revise base price for 700MHz
Financial Express

Financial Chronicle
Ø  Brexit provides India chance to hike trade with UK: Navtej Sarna
Ø  ITC to sell entire stake in US-based subsidiary King Maker Marketing for $ 24 mn
Ø  Top six firms add Rs 30,968 crore in market valuation
Ø  Railways gets Rs 1656 cr for installing bio-toilets, CCTVs

Ø  India set to be over $10 trillion economy by 2030
Ø  Remittances to fall by 5% to $65.5b this year
Ø  Global monetary policies favour gold demand: WGC

MARKET UPDATE

SGX Nifty +44 (8764) from last trade 8720 , 


Nikkei clsd , Hangseng clsd , NOW @6.53am , 


Dow:18240          -28         -0.15%
Nasdaq:5292       -14        -0.27%
S&P500:2153        -7         -0.33%  


Infy: -1.02%,              Wit: -0.10%
Ttm:+1.64%,            Rdy: -2.68%
Hdb:+0.35%,            Ibn:+0.67% 
SBID:+1.31%,        RIGD: -1.19% 


Us/Inr: $66.62,           Eu/Us:1.11
DIX: 96.51,                 JPY: 103.07
Gold:$1262,          Silver: $17.70
Oil: $49.36,           Brent: $51.50
US10-YR : 1.723%   -0.019

NIFTY VIEW:

Nifty (8709)

Nifty is consolidating near its support zone of 8626..8700 if holds can resume back to resistance levels 8800...8860.

If breaks support zone can slide down around 8540..8440.

MARKET UPDATE

SGX Nifty -2 pts (8735) from last trade 8737 , 

Nikkei -29 pts , Hangseng -3 pts , NOW @6.53am , 

Dow:18268          -12         -0.07%

Nasdaq:5306        -9          -0.17%

S&P500:2160      +1        +0.05%  

Infy: -1.25%,     Wit:+0.31%

Ttm: -1.40%,             Rdy: -2.15%

Hdb: -0.78%,              Ibn: -3.25% 

SBID: -1.67%,        RIGD:+1.97% 

Us/Inr: $66.77,           Eu/Us:1.11

DIX: 96.84,                 JPY: 103.76

Gold:$1258,          Silver: $17.34

Oil: $50.51,           Brent: $52.58

US10-YR : 1.73%   -0.012

Economic Times

Business Standard

Ø  'India look for increased capital support from WB'

Ø  Govt further relaxing FDI regime, says official

Ø  Deutsche Bank must review business model: IMF

Ø  Spectrum auction ends: Rs 65,789 cr-bids in 5 days

Ø  US oil prices top $50 a barrel for 1st time since June

Ø  Tax dept scanning IDS disclosures filed through post

Ø  Brookfield, Hiranandani in India's biggest realty deal



Ø  NSE gets board nod to launch IPO via OFS, clears bonus shares

Ø  Lupin, MonoSol Rx sign licensing pact for pediatric products

Ø  HDFC Ltd to raise Rs 1,500 crore via bonds to augment capital

Ø  ONGC, OIL in a spot over dipping gas prices

Ø  Govt revising medical council Bill

Ø  Kotak Mahindra Bank, Canara Bank cut base rates

Ø  Tap Japan pact to cut trade deficit, says Sitharaman

Business Line

Ø  Lagarde warns against retreat from globalisation

Ø  Finance Ministry keen to present Budget on Feb 2 or earlier 

Ø  Unions decry Govt rethink on widening PF coverage

Ø  Tata strikes deal with S African car hire company

Ø  FACT to resume production of fertilisers to full capacity

Ø  JSPL defaults on interest payment on NCDs   

Mint

Ø  Sebi’s initial probe finds Yes Bank violated norms on QIP

Ø  Aurobindo Pharma founders to sell up to $135 million of shares

Ø  Aviva fined $10.5 million by UK FCA over outsourcing

Ø  Excess corporate debt a medium-term risk to India’s growth trajectory: IMF

Ø  Suzlon shrugs off rating suspension on $1.2 billion bank debt

Financial Express               

Ø  BP gets govt nod to retail petrol, diesel

Ø  Adoption of GST poised to boost India's medium-term growth: IMF

Ø  Pfizer to sell Hospira infusion therapy business to ICU Medical

Ø  Deutsche Bank in informal talks about raising capital: Report

Ø  Tata Teleservices to shell out Rs 4,500 crore for spectrum



Financial Chronicle

Ø  Govt considering ban on celebrities for misleading ads

Ø  'GST to make inter-state transactions easier'

Ø  E-com sales to touch Rs 11k-13k cr in Oct: RedSeer

Ø  Indian banks vulnerable to profit decline: IMF

Ø  Sensex trips v pts as profit-booking persists

Ø  India pushes for early Predator drone deal

NIFTY VIEW:

Nifty 50 (8743)

Nifty yesterday did not break support nor resistance, it showed 8800.

But did not close above it and did not break the support too of 8730.

If breaks 8730 can slide to 8700..8626

Above 8800 can rise upto 8860..8880 levels.

If holds today 8730..8731 double bottom of yesterday can rise up to resistance levels.

Economic Times

Business Standard

Ø  US mkt are complacent about risk of a recession in 2017: BofA 

Ø  Global debt at record high, IMF warns

Ø  Oil up over 2% to June highs on US crude draw

Ø  US trade deficit widens in August on higher imports

Ø  Idea, Vodafone stretch books with $2 bn bids each

Ø  Jindal defaults on interest on its bonds for Sep 2016

Ø  Orient may buy Jaypee's 74% stake in Bhillai Cement



Ø  Govt waives inter state transmission charges for wind and solar projects

Ø  Delhi HC allows RBI to intervene in Tata-NTT DoCoMo case

Ø  Vodafone pips Jio in spectrum auction

Ø  Sterling falls below $1.27 for first time since 1985

Ø  Adani buys R-Infra's transmission biz

Ø  Intas buys Teva assets for Rs 5,100 cr

Business Line

Ø   Reuters, BTVi team up for global business news offering in India

Ø  NBFCs’ property lending biz facing stress: Ind-Ra

Ø  India must open up, trade can’t be one-way: Singapore PM

Ø  Shipping Ministry hikes discount rates for Ro-Ro vessels to 80% 

Ø   Spectrum auction gets bids worth ₹63,451 crore on Day 4

Ø  NSEL case: SEBI plans issue of show cause notices to brokers   

Mint

Ø  Cabinet allows OVL to buy 11% stake in Russia’s JSC Vankorneft

Ø  IDFC Bank, Bandhan Bank take diverging paths for growth

Ø  Mytrah close to raising Rs800 crore from Piramal SFG

Ø  Portugal's Antonio Guterres to be next UN secretary general

Ø  Bank of India fixes MCLR rates at 9-9.35% from 7 October

Ø  Fresh capacity set to worsen supply glut in steel market

Financial Express               

Ø  Sensex, Nifty snap three-day gaining streak following global cues; Metal, telecom stocks gain

Ø  Mother Dairy to invest Rs 200 cr in Maharashtra

Ø  GE sets up prod line for high voltage transmission equipment

Ø  Govt hopeful of covering all LPG consumers under Aadhaar



Financial Chronicle

Ø  Automation may kill 79% of jobs in India

Ø  Govt extends MIP on select steel items for 2 months

Ø  World Bank says Brexit has little impact on Asia

Ø  Govt to form new debt management body

Ø  Godrej eyes southern pie for agri business

Ø  Finmin officials to brief MPs on budget reforms

MARKET UPDATE

SGX Nifty +24 (8792) from last trade 8768 , 

Nikkei +131 pts , Hangseng +71 pts , NOW @6.53am , 

Dow:18281       +112      +0.62%

Nasdaq:5316     +26       +0.50%

S&P500:2159     +9         +0.43%  

Infy:+0.06%,    Wit:+0.31%

Ttm:+0.36%,      Rdy: -0.77%

Hdb: -0.62%,    Ibn:+0.13% 

SBID:+0.13%,  RIGD:+0.30% 

Us/Inr: $66.51,           Eu/Us:1.12

DIX: 96.12,                 JPY: 103.55

Gold:$1270,          Silver: $17.82

Oil: $49.70,           Brent: $51.70

US10-YR : 1.706%   -0.001

NIFTY VIEW:

Nifty 50( 8769)

Nifty had traded yesterday in the range of 8730..8780.

Today if maintains above 8770 and crosses 8784 can show good move towards 8800..8860.

If maintains below 8768...and breaks 8730 can slide down to 8700..8626 levels.

MARKET UPDATE

SGX Nifty -15 pts (8787) from last trade 8802 , 

Nikkei +77 pts , Hangseng -69 pts , NOW@6.53am ,  

Dow:18168.       -85          -0.47%

Nasdaq:5289     -11          -0.21%

S&P500:2150    -10          -0.50%  

Infy: -0.06%,              Wit: -0.50%

Ttm: -0.37%,             Rdy: -1.08%

Hdb:+1.05%,      Ibn:+1.18% 

SBID:+2.24%,     RIGD:+0.00% 

Us/Inr: $66.48,           Eu/Us:1.12

DIX: 96.10,                 JPY: 102.83

Gold:$1270,          Silver: $17.82

Oil: $49.16,           Brent: $51.27

US10-YR : 1.674%   -0.009

Business Standard

Ø  'RBI rate cut positive for economy, banks to follow suit'

Ø  India's GDP growth to remain strong: World Bank

Ø  US Fed awards $306.04 billion in reverse repos

Ø  Govt extends MIP on select steel products for 2 months

Ø  Urjit Patel may junk Raghuram Rajan's NPA approach

Ø  Over Rs 71,000 cr disclosed under IDS, says ICAI

Ø  Sebi to cut IPO listing time to four days

Ø  Start-ups can raise $3 millon via ECBs annually: RBI

Ø  PE investments down 63% in September quarter

Ø  Pound tumbles to 31-year low, Deutsche Bank bounces

Ø  Petrol price hiked by Rs 0.14 per litre, diesel by Rs 0.10 per litre

Ø  Winding up petitions filed against Usher Agro

🔹Business Line

Ø  Real estate sector expects buyer sentiment to improve

Ø  Maruti’s Baleno sales cross one lakh units 

Ø  SEBI issues paper on compensation agreements

Ø   SAB Group set to rebrand itself as single entity 

Ø  Gender equality may help improve food security 

Ø  Short-term outlook for MCX silver is bearish   

🔹Mint

Ø  Re touches one-month high against US dollar after RBI rate cut

Ø  Hyundai to recall 7,657 units of Eon to inspect cables

Ø  MCA eases rules for incorporating companies

Ø  Ratan Tata invests in wearables maker GOQii

Ø  Mahindra seeks to introduce car DNA in its UV portfolio

Ø  Vijay Mallya free to return to India, ED tells Delhi court

🔹Financial Express               

Ø  Car, consumer durable makers rejoice on RBI's 'festive gift'

Ø  M-cap of BSE-listed cos at record high, tops Rs 113 lakh crore

Ø  Competition Commission orders fresh probe against Monsanto

Ø  UBL to have more flvours in Kingfisher Buzz

Ø  FSSAI proposes to regulate non-specified food & ingredients

Ø  Khadi may find way into government hospitals


🔹Financial Chronicle

Ø  RBI cuts key rate by 0.25% to 6-year low

Ø  LIC settles claims of Uri martyrs in less than a week

Ø  Spectrum auction gets bids worth Rs 59,981 cr so far

Ø  Cumulative solar capacity in India hits 8.6gw: Mercom

Ø  IOC to pump in Rs 1,800 cr more at Panipat refinery

Ø  Edelweiss, CDPQ tie up to buy stressed debt

NIFTY VIEW:

Nifty 50 (8738 )

Nifty yesterday  showed our recommended level of 8700.

Today it can show 8800,
if maintains above 8750.

Closing above 8800..8880  can resume uptrend.

Close below 8700 can slide 8600..and lower levels.

🔹Business Standard

Ø  RBI Governor, MPC face close call on rates

Ø  Government plans major changes in drug policy

Ø  Rs 8K cr blackmoney brought under tax ambit: Centre to SC

Ø  8% economic growth not before 2018-19: Fitch

Ø  CAG lens on entities avoiding tax with 'farm income' claim

Ø  ZEE Revives talks for Anil Ambani’s television, radio business

Ø  Sebi fines Piramal Enterprises for insider trading


Ø  Only 15% black money declarants came voluntarily

Ø  GST will benefit India's consumption growth: Crisil

Ø  Govt's IT spending to hit $7.2 billion in 2016: Gartner

Ø  Mahindra CIE interested in Amtek Auto's asset

Ø  NTPC pays total dividend of Rs 2,762 crore to government

Ø  Reliance Aerospace to execute Rafale offset programme in India

Ø  L&T bags orders worth Rs 6,024 crore

🔹Business Line

Ø  India, Pakistan NSAs agree to reduce tension along LoC

Ø  Hero MotoCorp posts highest-ever monthly sales

Ø  Banks to tighten rules for opening of CA by borrowers

Ø  India to host BRICS biz forum, council, trade fair 

Ø  Indian companies turn corporate bond investors

Ø  Edelweiss to sell 20% stake to CDPQ  

🔹Mint

Ø  India’s manufacturing PMI slows in September

Ø  KKR may set up its own asset reconstruction company

Ø  Haldia Petrochemicals gets fuel retailing license

Ø  Govt invites applications for allotting 7 coal blocks

Ø  AB InBev to pay $6 million to settle India bribery accusations

Ø  Govt names members of bankruptcy board

🔹Financial Express               

Ø  Sebi hikes FPI investment limit for govt debt

Ø  No Monday blues for bulls, Sensex rallies 377 points, Nifty settles above 8730

Ø  Crisil says H1 recovery due to steel sops but H2 looks hazy

Ø  UBI capital infusion: Govt gets exemption from open offer

Ø  BSE tweaks circuit limit of Borosil Glass Works, 8 others


🔹Financial Chronicle

Ø  First MPC meeting begins, RBI may opt for status quo

Ø  Ulip surrenders grow in single digits for pvt players

Ø  OMCs may see higher revenue loss on kerosene

Ø  Crude oil unlikely to sustain price gains

Ø  Rubber production to get a push from national policy

Ø  Crop protection chemicals key to food security

MARKET UPDATE

SGX Nifty -5 (8780) from last trade 8785 , 


Nikkei +91 pts , Hangseng +81 pts , NOW @6.52am , 


Dow:18253.       -54          -0.30%
Nasdaq:5300     -11          -0.21%
S&P500:2161      -7           -0.33%  


Infy:+1.14%,             Wit:+0.21%
Ttm:+2.53%,            Rdy:+2.13%
Hdb:+0.68%,             Ibn:+1.74% 
SBID:+2.01%,        RIGD:+0.15% 


Us/Inr: $66.37,           Eu/Us:1.12
DIX: 95.80,                 JPY: 102.03
Gold:$1313,          Silver: $18.87
Oil: $48.61,           Brent: $50.71
US10-YR : 1.629%   +0.005

Economic Times

Business Standard

Ø  Govt readies plan for big-ticket stake sale in 22 PSUs

Ø  Exits for Tata Group usually the last resort: Cyrus Mistry

Ø  CAG may audit IDS, not individual declarations

Ø  'Current account may stay at existing levels over 6-9 months'

Ø  Coal India sees fall in sales during first half of 2016-17

Ø  Nepal to make efforts to convene Saarc Summit 

Ø  Vedanta pays $2 bn in royalties, taxes to India in FY16



Ø  Highest-ever Apr to Sept divestment proceeds at Rs 21K cr

Ø  Deutsche Bank races against time to reach US settlement

Ø  India ratifies historic Paris climate deal at UN

Ø  ONGC, OIL making losses on natural gas production

Ø  Private equity investments drop by 50% to $3.2 bn in Q3FY16

Ø  NPPA approves norms for discontinuation of scheduled drugs

Ø  Ashok Leyland lines up 8-10 new LCVs, to invest up to Rs 400 cr

Business Line

Ø   Oil prices will see recovery on OPEC action: Fitch

Ø  Industry delegation calls for cotton-fibre security scheme

Ø  Spectrum auction: 700MHz band may still find no takers

Ø  Half of Container Corp staff buy shares in stake-sale

Ø  SEBI sees cautious growth in online commodity trading

Ø  GST training: Govt faces steep climb as deadline nears 

Mint

Ø  Pledging  PF to buy low cost homes to be reality next fiscal

Ø  UK to start EU exit process before end of March: Theresa May

Ø  Mahindra sales up 8% at 46,130 units in September

Ø  Kotak Mahindra Bank to buy BSS Microfinance for Rs139 crore

Ø  Competing commodity exchanges not good for market stability: U.K. Sinha

Financial Express               

Ø  'See 90-bps monsoon boost to consumption led by rural areas'

Ø  Leather exports dip 8 % in August; exporters seek more support

Ø  CIC pulls up Income Tax 'informer' for using RTI to earn incentives

Ø  Flipkart’s ‘Big Billion Days’ begins with a bang

Ø  CNG price in Delhi cut by Rs 1.40, piped gas by Re 1



Financial Chronicle

Ø  Gas price cut by 18%, to hit upstream oil&gas firms

Ø  ‘India must open up further to improve biz conditions’

Ø  Ulip policy surrenders grow in single digits for pvt players

Ø  Merc to bring in plug-in hybrids, e-vehicles in 2018

Ø  Japan, India to sign N-cooperation deal in Nov: report

Ø  Shahabuddin to go back to jail as SC cancels bail