Morning Notes. Domestic Market View. LKP Advisory. 17-Dec-2015

Transcription

1 Morning Notes 17-Dec-2015 Indices 16-Dec 15-Dec % Chg. Major Indices 16-Dec 15-Dec % Chg. FII's & DII's in equity Rs.Crs S&P BSE SENSEX 25,494 25, % CAC 40 Index 4,625 4, % 16-Dec Buy Sell Net S&P CNX NIFTY 7,751 7, % DAX Index 10,469 10, % FII / FPI Investments NIFTY MIDCAP ,994 12, % Dow Jones Industrial A 17,749 17, % DII's Investments NIFTY SMALL 100 5,377 5, % FTSE 100 Index 6,061 6, % FII's contribution to the total turnover 34% Nasdaq Composite Ind 5,071 4, % DII's contribution to the total turnover 20% BSE Sectoral Indices NIFTY ENERGY 8,214 8, % Major Asian Indices 16-Dec 15-Dec % Chg. FII's in Derivatives Rs.Crs NIFTY INFRA 2,649 2, % Hong Kong 21,701 21, % 16-Dec Index Fut Index Opt Stock Fut Stock Opt NIFTY REALTY % Nikkei ,050 18, % Net NIFTY BANK 16,579 16, % Korea 1,969 1, % OI NIFTY FIN SERVICE 6,873 6, % Shanghai 3,516 3, % Chg.OI -3.0% 2.7% 0.9% 4.1% NIFTY IT 11,145 11, % Taiwan 8,185 8, % FIIs' contribution to the total Derivatives turnover 26% NIFTY PHARMA 11,638 11, % NIFTY PSU BANK 2,893 2, % Commodities (MCX) 16-Dec 15-Dec % Chg. Curr. Derivatives (NSE) 16-Dec 15-Dec % Chg. NIFTY MEDIA 2,440 2, % Aluminium (31DEC % USDINR 29-DEC % NIFTY METAL 1,738 1, % Copper(29FEB2016) % EURINR 29-DEC % NIFTY CONSUMPTIO 3,492 3, % Crude (18DEC2015) 2,385 2, % JPYINR 29-DEC % NIFTY AUTO 8,036 8, % Gold (05FEB2016) 25,468 25, % DJIA (18-DEC-2015) % NIFTY FMCG 19,791 19, % Silver (4MAR2016) 34,400 33, % S&P500 (18-DEC-2015) % Top Gainers Top Gainers Top Gainers Top Gainers BSE Smallcap BSE Midcap BSE 100 CNX Nifty Company LTP Chg % Chg Company LTP Chg % Chg BHARTIARTL M&M Top Losers ONGC ASIANPAINT CAIRN ITC POWERGRID HINDALCO IDEA PNB Company LTP Chg % Chg Company LTP Chg % Chg DLF M&M Top Losers JPASSOCIAT TITAN ONGC M&MFIN BHARTIARTL UBL CAIRN UNITDSPR Company LTP Chg % Chg Company LTP Chg % Chg JPASSOCIAT TITAN Top Losers JSWENERGY KANSAINER RELINFRA BRITANNIA MRPL INDHOTEL GSKCONS M&MFIN Company LTP Chg % Chg Company LTP Chg % Chg POLYMED OJASASSET Top Losers PIPAVAVDOC SHRENUJ PRAJIND RCF BBL RAINBOWPAP FCL IINFOTECH CNX Nifty BSE 100 BSE Midcap BSE Smallcap Domestic Market View Markets to make a positive start in sync with other global markets The Indian markets extending their gains for the third day ended higher by over half a percent in last session. Today, the start is likely to be in green in sync with the gains in the other global markets, after the US Federal Reserve raised interest rates for the first time in almost a decade and Fed Chair Janet Yellen emphasizing that further tightening would be slow. Traders will also be getting some support with Finance Minister Arun Jaitley hinting at accepting Congress stand on scrapping of one per cent additional tax, and that Good and Services Tax rate could be much less than 18 per cent recommended by Arvind Subramanian panel. Meanwhile, pitching for an early take-off of the Goods and Services Tax, IMF managing director Christine Lagarde said it will help India create more jobs, increase revenue as well as promote domestic manufacturing. There will be some buzz in the coal, metals and mining stocks, as the government has approved allotment of coal blocks to public sector entities for commercial mining, taking the industry a step closer to complete deregulation and allowing private entry. Some somberness can be seen on the PSU oil marketing companies with the government raising excise duty on petrol by Rs 0.30 a litre and on diesel by a steep by Rs 1.17 a litre.

2 Domestic Market Overview Benchmarks extend winning streak for third straight session Extending their winning streak for third day in a row, Indian equity benchmarks ended the session with a gain of over half a percent on Wednesday. Sentiments remained up-beat with Finance Minister Arun Jaitley s statement that the government is willing to scrap the proposed 1% additional tax levy under the goods and services tax (GST) regime, but ruled out putting the new tax rate under GST in the Constitution amendment bill itself or setting up a dispute resolution panel. He also said it is almost certain that the final tax rate in GST will be below 18%. Some support also came in with Arun Jaitley s statement that the government will achieve its fiscal deficit target without any cuts in the government spending. Traders overlooked weak India s merchandise exports data, which shrank for a 12th straight month in November, falling an annual percent. Indian exports during November, 2015 were valued at $ million in Dollar terms, over 24 percent lower than the level of $ million during November. There was broad based buying witnessed in the markets and apart from the blue chips, the broader markets too equally participated in the rally. Appreciation in Indian rupee too supported the sentiments. The partially convertible rupee was trading at per dollar at the time of equity market closing against the Tuesday s close of on the Interbank Foreign Exchange on the back of dollar-selling by custodian banks. Some support also came with report that the foreign portfolio investors (FPIs) bought shares worth a net Rs crore yesterday as per provisional data released by the stock exchanges. Global Market Overview Asian markets close in green on Wednesday Asian equity markets ended in green on Wednesday, with sentiment helped by broad gains on Wall Street before an expected rise in U.S. interest rates later in the day. Hong Kong stocks rebounded and breaking a nine-session losing streak as energy shares surged. Chinese shares closed higher, with energy stocks gaining ground after China's top planning body, the National Development and Reform Commission, suspended a retail oil price cut that was scheduled for Wednesday and said it would adjust the current pricing mechanism in a bid to combat air pollution, and news that China plans to issue significantly more government bonds next year to aid the economy. US markets closed higher after Fed hikes interest-rate The US markets closed higher on Wednesday, extending gains to a third straight session after the Federal Reserve raised its key interest rate for the first time in nearly a decade and emphasized a gradual path for future rate hikes. The highly anticipated move was read as a vote of confidence in the US economy. The Federal Reserve raised interest rates for the first time since 2006, ending what Chairwoman Janet Yellen called an extraordinary period in which the bank sought to revive the economy in the aftermath of the Great Recession. Policy makers voted 10 to 0 to lift the Fed s shortterm borrowing rate by a quarter-point to a range of 0.25% to 0.5%. The Fed s short-term rate had kept near zero for seven years, marking an unprecedented era in the history of US monetary policy triggered by the worst financial crisis and economic downturn since the 1930s. Fed officials stated that an improved economy was ready for a rate hike, pointing to solid consumer spending, a rebounding housing market and stronger business fixed investment. The central bank also took careful note of a healthier labor market in which the unemployment rate has tumbled to 5% - just half as much compared to the early stages of a recovery that began in mid Yet the Fed used new language in its statement to soften the blow to the end of easy money, stressing repeatedly that the pace of interest-rate hikes would be gradual. Interest rates are expected to rise a bit slower, for example, in 2017 and 2018 than the Fed previously predicted. Fed Chairwoman Janet Yellen acknowledged that inflation has missed the Fed s target for three years, but implied that rates can be raised before reaching the target.

3 Index Futures (OI in '000 Shares) Future Chg Spot Chg Prem / Total Open Interest 16-Dec (%) 16-Dec (%) Disc 16-Dec Chg (%) NIFTY 7, , , CNXIT 11, , BANKNIFTY 16, , , Increasing OI, Increasing Delivery Qty & Increasing Price in Stock Futures (Open Interest in '000 Shares) Symbol Total OI Del Qty Cash Market Prev Increase Spot Fut Spot Fut Prem / 16-Dec % Chg. 16-Dec % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc IGL 2,276 61% 1,694,565 32% 54% 1,520, % 6.7% 2.4 MINDTREE 361 6% 76,441 42% 44% 12, % 0.5% 2.0 VOLTAS 6,902 5% 1,685,480 41% 40% 393, % 1.7% -4.8 SKSMICRO 7,412 4% 506,767 29% 28% 150, % 1.3% 2 JSWENERGY 7,908 4% 579,380 20% 9% 389, % 3.1% 0 IOC 12,338 3% 868,739 47% 62% 338, % 2.1% 2.1 ACC 1,522 3% 169,788 60% 51% 54, % 0.2% -8.8 SYNDIBANK 9,290 3% 444,002 29% 21% 210, % 0.4% 0.4 CEATLTD 1,935 3% 124,755 19% 17% 64, % 0.2% 4.8 IDEA 54,357 3% 2,629,225 51% 44% 270, % 2.5% -0.9 Increasing OI, Increasing Delivery Qty & Decreasing Price, (Open Interest in '000 Shares) Symbol Total OI Del Qty Cash Market Prev Increase in Spot Fut Spot Fut Prem / 16-Dec % Chg. 16-Dec % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc M&M 3,662 11% 969,017 29% 45% 613, % -5.6% 1.4 WIPRO 7,048 7% 1,560,755 61% 64% 673, % -0.6% 2.4 CESC 2,771 6% 888,343 47% 27% 688, % -3.5% 0.9 PNB 30,464 4% 2,907,806 41% 37% 928, % -0.5% 0.5 BAJFINANCE 190 3% 31,109 50% 42% 9, % -0.1% 11.7 COLPAL 1,841 3% 241,241 59% 54% 43, % -0.9% 1.8 BRITANNIA 1,406 2% 81,434 43% 39% 13, % -2.0% 13.4 CASTROLIND 1,989 2% 43,593 38% 30% 3, % -0.8% 2.1 BATAINDIA 4,852 1% 248,338 52% 41% 49, % -1.1% M&MFIN 11,174 1% 348,943 46% 30% 171, % -1.9% -0.4 Open Interest Break-up (Rs. in Cr.) 16-Dec 15-Dec Change in OI % Chg INDEX FUTURES 20,795 21, INDEX OPTIONS 138, ,615 4, TOTAL INDEX 159, ,953 4, STOCK FUTURES 64,471 64, STOCK OPTIONS 18,610 18, TOTAL STOCKS 83,081 82, GRAND TOTAL 242, ,642 4, FII's 149, , Others 92,613 90,

4 Corporate News DFM Foods brownfield expansion of capacity has been completed and commissioned at its Greater Noida facility. With this expansion, the total capacity of the company has increased from MT per annum to MT per annum. LIC Housing Finance will acquire 19.3 percent stake in LIC Nomura Mutual Fund Asset Management Company for Rs 27 crore. Besides, the company will also buy stake of a similar percentage in LIC Nomura Fund Trustee Company for about Rs 1.5 lakh. Both the proposals were approved at its board meeting held on December 15, Mangalore Refinery and Petrochemicals (MRPL) has renewed its agreement with Link Intime India (SEBI Registered RTA) for 3 years with the effect from January 01, 2016 to December 31, Link Intime is the existing R&T Agent of the Company since January, Gayatri Projects in Joint Venture with Vishwa Infrastructures and Services has bagged a new order worth Rs crore from Government of Mizoram. The project involves the construction and completion of water distribution & feeder mains by providing and laying DI pipes of 185 Km and GI pipes of 71 Km as well as some road restoration. The project is being financed by the Asian Development Bank (ADB) and shall be completed in 48 months. The resulting infrastructure will supply water to the city of Aizwal, the capital of Mizoram. Ketul Chem has bought 5.10 lakh shares of Fervent Synergies through the open market route. The shares were purchased on an average price of Rs valuing the transaction to Rs 1.14 crore. Innovative Tech Pack has inaugurated its new manufacturing facility at Rudrapur, Udham Singh Nagar in the State of Uttrakhand at a built up area of approximately square Ft with an investment of around Rs 10 crore. The New Manufacturing Facility addressed at Plot No. 32, Sector-4, Industrial Area IIE-Pantnagar, District-Udham Singh Nagar in the State of Uttrakhand. NTPC has got Ministry of Environment and Forests (MOEF) nod for its power project in Telangana, while the MOEF has deferred the company s another project in Andhra Pradesh. Tata Consultancy Services (TCS) has been selected by Deutsche Lufthansa AG, a leading global aviation group, to provide testing services and help improve the quality of services of their technology operations. Sonata Software, a global technology services and solutions company, has maintained its position in the Leadership zone in the recent Global Service Providers Ratings (GSPR) 2015 published by Zinnov, for Software Product Development in Enterprise and Consumer Software categories. According to the survey, the company was rated as an established and niche service provider overall. State-owned Indian Oil Corporation (IOC) has reduced Petrol prices by 50 paise per litre and Diesel prices by 46 paise per litre with effect from the midnight of December 15/ December 16, The price of petrol in Delhi will become Rs a litre, while diesel will be Rs a litre. The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant a decrease in prices, the impact of which is being passed on to the consumers with this price revision. Reliance Power s 3,960-MW Sasan ultra mega power project (UMPP) recorded the highest plant load factor percent - in November this year among private thermal power generation plants in the country. The power generation came in flat in November 2015 after a strong growth of 10.8 percent and 8.8 percent in September and October this year, respectively. Tata Steel, one of the world's top steel producers, has unveiled two new innovative products, offering a complete range of structural steel product to its vast customer base. A high strength variant of steel hollow sections called Tata Structura 355, which has enhanced yield strength and an additional variant with fire-resistance properties. Tata Structura hollow sections are best known and preferred for their cost effectiveness, concentric strength, resistance to corrosion, convenience of fabrication and creativity. Architects and engineers prefer these structural tubes over others because of these strengths.

5 In a bid to enhance its business, Insecticides (India) is focusing on R&D and discovery of new products (molecules). The company has also entered the export market this year. The company had a 7 percent share in the insecticides market in the country, estimated at Rs 15,000 crore. The company had two plants in Jammu & Kashmir and one apiece in Rajasthan and Gujarat, besides four R&D centres. Zen Technologies has been assessed and appraised at the highest maturity Level 5 of CMMI - DEV 1.3. The company would therefore be eligible to participate as IOP through eligible services which has recently been reinstated for discharge of offset obligation requiring CMMi Level 4 or above. Cambridge Technology Enterprises (CTE), an IT services leader focused on the convergence of big data and cloud, has launched Cambridge Innovations (CI), an investor and technology partner to early stage companies leveraging technologies in the area of cloud and big data for disruption. CI aims to tap into innovation globally, giving Investors of CTE the opportunity to invest and participate in the returns from U.S.-based start-ups and establishing a pipeline of future CTE clients. Cambridge Innovations will provide capital, people and technical knowledge to early stage entrepreneurs looking to reach the next level of growth with reduced technology risk. The firm will provide up to 25% of seed capital to launch, a two-year technology plan and the product team to help execute it. Heritage Foods is planning to set up Wind Power Project in Andhra Pradesh for captive consumption. The company s board will meet on December 17 to consider and approve the same. Fubon Bank (Hong Kong), a wholly owned subsidiary of Fubon Financial Holding, has selected the new generation Finacle Core Banking solution of Infosys Finacle, part of EdgeVerve Systems, the product subsidiary of Infosys. This transformation initiative will significantly improve the bank s operational efficiency, strengthen innovation capabilities and support rapid growth. Sharon Bio-Medicine has received the Establishment Inspection Report (EIR) from United States Food and Drug Administration (USFDA) conducted in August 2015 at its formulation manufacturing plant located at Central Hope Town, Sellaqui Industrial Estate, Dehradun. Steel Strips Wheels (SSWL) has bagged additional exports order for supply of unassembled steel wheels for supplies to Egypt market. The total order for year 2016 order is for 200,000 wheels worth $1.5 million. This order is to be executed from SSWL's Dappar facility. L&T s subsidiary - L&T Infrastructure Development Projects (L&T IDPL) has received the second tranche investment of Rs 1,000 crore from CPPIB. As part of the definitive agreement entered into by Larsen &Toubro (L&T) and Canada Pension Plan Investment Board (CPPIB) in June 2014, whereby CPPIB through its Singapore-based wholly owned subsidiary, had committed to make an investment of Rs 2,000 crore into L&T IDPL in two tranches. HDFC Bank has issued and allotted on a private placement basis Senior, Unsecured, Redeemable, Long Term, Non-Convertible Bonds in the nature of debentures amounting to Rs 2,975 crore (29,750 Bonds of face value Rs 10,00,000 each). Thomas Cook (India) has received an approval of Competition Commission of India (CCI) for acquisition of Kuoni Travel (India). The shareholders approval had earlier been obtained by way of a postal ballot on September 21, The company had earlier on August 08, 2015, announced acquisition of Kuoni group s business in India and Hong Kong for Rs 535 crore. Mahindra Holidays & Resorts India s step down subsidiary - Holiday Club Sweden AB, consequent upon subscribing to 51% stake in Visionsbolaget AB, Visionsbolaget has become the subsidiary of Holiday Club Sweden AB and in turn step down subsidiary of the company. Further, Visionsbolaget is in the process of changing its name to Holiday Club Sport and Spa Hotels AB.

6 .Economy National policy suggests use of IPR as collateral to raise funds- India s first Intellectual Property Rights (IPR) policy has proposed securitization of innovation rights by allowing them to be used as collateral to raise funds for their commercial development. The national IPR policy, drafted by the Department of Industrial Policy & Promotion (DIPP) is likely to be taken up for cabinet approval soon. Securitization is a process by which various assets are consolidated into an instrument that can be issued to investors. Intellectual property could be in the form of patents, trademarks and copyrights. The policy proposed a slogan, 'Creative India, Innovative India,' for an across-media campaign and linking it with other initiatives such as Make in India, Start Up India and Skill India. A key objective of the policy is 'to create public awareness about the economic, social and cultural benefits of IPRs.' The policy suggested financial support for developing intellectual property assets through banks, venture capital and angel funds and crowd funding mechanisms. Moreover, it suggested setting up of an IP exchange to bring investors and IP owners on one platform. The government will extend financial support and easy loans to farmers, weavers and artisans through rural and cooperative banks under the proposed policy. The DIPP will assist IPR owners in getting on to ecommerce platforms and also create brand equity for their products. Govt to face shortfall of Rs 30,000-40,000 crore in direct tax collection in FY16: Hasmukh Adhia The government is likely face a shortfall of Rs 30,000-40,000 crore in direct tax collection of the Budget Estimate for the current fiscal. Though it is confident of meeting the fiscal deficit target of 3.9 percent of gross domestic product, without cutting expenditure on the back of robust indirect tax collections. Revenue Secretary Hasmukh Adhia said We are optimistic Advance tax numbers are expected in December There could be a marginal shortfall in direct taxes to the tune of Rs 30,000-40,000 crore.' The latest estimates are lower than the revenue department's earlier fears of Rs 50,000 crore shortfall, expressed in October. Adhia further said that in the first eight months of the current financial year, Direct tax collection posted a per cent growth cent to Rs 3.69 lakh crore. This is per cent of the budgeted target of Rs 7.97 lakh crore. However, the indirect tax collection between April- November have been robust with a growth of 34.3 per cent to Rs 4.38 lakh crore. Adhia said that he is positive that the government will not only meet the indirect tax collection target, even will exceed it and make good the shortfall in direct taxes as well. India's exports fall 24% in November Contracting for the twelve month in a row, India s exports plunged 24 percent in November to $20 million. The significant fall in exports is attributed to weak global demand, amid a tepid global economic recovery. On the positive side, imports too declined by over 30 per cent to $29.7 billion from $42.7 billion a year ago, led by low crude oil prices and subdued imports of gold, coal and fertilizers. This has helped shrank the trade deficit to $9.78 billion in November as compared with $16.2 billion in November The trade deficit for April-November, was estimated at $ million which was lower than the deficit of $ million during April-November, As per the data released by the Commerce Ministry, Exports during November, 2015 were valued at $ million in Dollar terms, per cent lower than the level of $ million during November, In Rupee terms the exports stood at Rs crore for the month against Rs crore in the same month last year, showing a decline of per cent. Cumulative value of exports for the period April- November was $ million as against $ million, registering a negative growth of per cent in Dollar terms and stood at Rs crore in Rupee term down by per cent of Rs crore in the same period last year. Meanwhile, Imports during November, 2015 were valued at $ million in dollar terms, per cent lower over the level of imports valued at $ million in November, In rupee terms imports were valued at Rs crore, which was

7 25.27 per cent lower than Rs crore in the same period last year. Cumulative value of imports for the period April- November in Dollar terms was $ million, as against $ million, registering a negative growth of per cent in Dollar terms. In rupee terms the imports for the period April-November stood at Rs crore, down by per cent as compared to Rs crore in the same period last year. Likely US Fed rate hike pose risks to some emerging markets: Moody s Moody's Investors Service in its latest report titled Sovereigns -- Global: Likely Fed Rate Hike Reflects Strength of US Recovery, But Exposes Some EM Sovereigns to Volatile Capital Flows, has projected the US Federal Reserve to hike rates by 0.25 percent and has said that the likely interest rate hike by the US Federal Reserve this week could pose risks to some emerging markets. It said that lower global commodity prices and possible volatility in capital flows will pose challenges to some emerging markets, however a combination of reserve buffers and policy vigilance has the capacity to limit the negative sovereign credit impact. But added that the sovereigns having little policy room to protect growth and buffer themselves from external shocks are likely to be affected the most. Moody s said that the most affected large emerging markets and those most at risk going forward have tended to be those such as Brazil, Russia, Turkey and to some extent South Africa, where severe domestic challenges have contributed to exchange rate and financial market instability, and where policy room to buffer external shocks and protect growth is less robust. For the second time in row, PSU oil marketing companies (OMCs) have slashed price of petrol and diesel by 50 paise per litre and 46 paise per litre respectively. The new rates announced by the oil marketing companies (OMCs) are effective from December 15, Following the change, petrol will cost Rs per litre in Delhi as against Rs per litre, while diesel will cost Rs as compared to Rs now. At the last revision on December 01, OMCs had slashed price of petrol and diesel by 58 paise per litre and 25 paise per litre respectively. The net impact of the crude oil prices and Rupee depreciation have warranted a reduction of at least Rs 2 per litre but the reduction is much lower than an anticipated decrease as oil companies left cushion for the government to mop up gains accruing from global oil prices dipping to multi-year lows and also the government may like to raise excise duty on the two fuels to mop up its revenues as it has done five times in last one year. Source: Reuters, Ace Equity & LKP Research

8 Tech View CNX Nifty Technical View NA IMPORTANT LEVELS FOR THE DAY Support BSE NSE BANKNIFTY S1 25, S2 25, Resistance R1 25, R2 25, Pivot 25,480 7,748 16,528

9 Tech View PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 ACC GAIL ADANIENT GLENMARK ADANIPORTS GMRINFRA ADANIPOWER GODREJIND ALBK GRASIM AMBUJACEM HAVELLS ANDHRABANK HCLTECH APOLLOHOSP HDFC APOLLOTYRE HDFCBANK ARVIND HDIL ASHOKLEY HEROMOTOCO ASIANPAINT HEXAWARE AUROPHARMA HINDALCO AXISBANK HINDPETRO BAJAJ-AUTO HINDUNILVR BANKBARODA HINDZINC BANKINDIA IBREALEST BATAINDIA ICICIBANK BHARATFORG IDBI BHARTIARTL IDEA BHEL IDFC BIOCON IFCI BPCL IGL CAIRN INDIACEM CANBK INDUSINDBK CENTURYTEX INFY CESC IOB CIPLA IOC COALINDIA IRB COLPAL ITC CROMPGREAV JINDALSTEL DABUR JISLJALEQS DISHTV JPASSOCIAT DIVISLAB JPPOWER DLF JSWENERGY DRREDDY JSWSTEEL EXIDEIND JUBLFOOD FEDERALBNK JUSTDIAL

10 Tech View Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 KOTAKBANK TATACHEM KTKBANK TATACOMM L&TFH TATAGLOBAL LICHSGFIN TATAMOTORS LT TATAMTRDVR LUPIN TATAPOWER M&M TATASTEEL M&MFIN TCS MARUTI TECHM MCDOWELL-N TITAN MCLEODRUSS UBL MRF UCOBANK NHPC ULTRACEMCO NMDC UNIONBANK NTPC UNITECH OFSS UPL ONGC VOLTAS ORIENTBANK WIPRO PETRONET YESBANK PFC ZEEL PNB POWERGRID PTC RCOM RECLTD RELCAPITAL RELIANCE RELINFRA RPOWER SAIL SBIN SIEMENS SRTRANSFIN SUNPHARMA SUNTV SYNDIBANK

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