Top Gainers BSE Smallcap Top Losers BSE Smallcap Top Gainers BSE Midcap Top Losers BSE Midcap Top Gainers BSE 100 Top Losers BSE 100 Top Gainers CNX Nifty Top Losers CNX Nifty Morning Notes 11-Jan-2016 Indices 8-Jan 7-Jan % Chg. Major Indices 8-Jan 7-Jan % Chg. FII's & DII's in equity Rs.Crs S&P BSE SENSEX 24,934 24,852 0.33% CAC 40 Index 4,334 4,404-1.59% 08-Jan Buy Sell Net S&P CNX NIFTY 7,601 7,568 0.44% DAX Index 9,849 9,980-1.31% FII / FPI Investments 3803 5040-1237 NIFTY MIDCAP 100 13,289 13,130 1.21% Dow Jones Industrial Average 16,346 16,514-1.02% DII's Investments 2201 1197 1004 NIFTY SMALL 100 5,533 5,450 1.52% FTSE 100 Index 5,912 5,954-0.70% FII's contribution to the total turnover 45% BSE Sectoral Indices Nasdaq Composite Index 4,644 4,689-0.98% DII's contribution to the total turnover 17% NIFTY REALTY 169 165 2.67% Major Asian Indices 8-Jan 7-Jan % Chg. FII's in Derivatives Rs.Crs NIFTY ENERGY 8,586 8,454 1.56% Hong Kong 20,454 20,333 0.59% 08-Jan Index Fut Index Opt Stock Fut Stock Opt NIFTY IT 10,990 10,863 1.16% Nikkei 225 17,698 17,767-0.39% Net -356 124-367 29 NIFTY FMCG 19,359 19,262 0.51% Korea 1,918 1,904 0.70% OI 15206 63674 49980 2767 NIFTY METAL 1,751 1,743 0.47% Shanghai 3,186 3,125 1.97% Chg.OI -1.4% 6.6% 2.1% 9.9% NIFTY BANK 16,143 16,074 0.43% Taiwan 7,894 7,852 0.53% FIIs' contribution to the total Derivatives turnover 29% NIFTY MEDIA 2,528 2,519 0.33% NIFTY PHARMA 11,487 11,452 0.31% Commodities (MCX) 8-Jan 7-Jan % Chg. Curr. Derivatives (NSE) 8-Jan 7-Jan % Chg. NIFTY FIN SERVICE 6,723 6,704 0.28% Aluminium (29JAN2016) 100 99 1.68% USDINR 27-JAN-2016 66.83 67.08-0.38% NIFTY INFRA 2,632 2,625 0.25% Copper(29FEB2016) 301 301 0.20% EURINR 27-JAN-2016 72.70 72.86-0.23% NIFTY AUTO 7,744 7,725 0.25% Crude (19JAN2016) 2,244 2,254-0.44% JPYINR 27-JAN-2016 56.45 57.02-1.00% NIFTY CONSUMPTION 3,441 3,440 0.02% Gold (05FEB2016) 25,982 26,100-0.45% DJIA (15-01-2016) 16700 16540 0.97% NIFTY PSU BANK 2,646 2,646 0.01% Silver (4MAR2016) 33,824 34,531-2.05% S&P500 (15-01-2016) 1964 1949 0.78% Company LTP Chg % Chg Company LTP Chg % Chg TATAPOWER 68 2 3.1 LT 1177-30 -2.5 TATAMOTORS 354 10 3.0 CIPLA 624-13 -2.1 TECHM 524 13 2.6 BAJAJ-AUTO 2371-48 -2.0 POWERGRID 142 4 2.5 ADANIPORTS 241.4-4 -1.5 BPCL 906 22 2.5 COALINDIA 322-4 -1.4 Company LTP Chg % Chg Company LTP Chg % Chg HDIL 77 4 5.8 CIPLA 622-17 -2.6 RPOWER 58 3 5.5 LT 1180-26 -2.2 DLF 112 5 4.8 BAJAJ-AUTO 2377-42 -1.8 CROMPGREAV 193 8 4.2 COALINDIA 321-6 -1.7 LICHSGFIN 505 20 4.0 BRITANNIA 2898-42 -1.4 Company LTP Chg % Chg Company LTP Chg % Chg RPOWER 58 3 5.5 BRITANNIA 2898-42 -1.4 OBEROIRLTY 275 12 4.4 ALSTOMT&D 448-6 -1.4 ADANIPOWER 33 1 4.2 BLUEDART 6636-88 -1.3 CROMPGREAV 193 8 4.2 UBL 914-10 -1.1 JSWENERGY 83 3 4.1 3MINDIA 10557-117 -1.1 Company LTP Chg % Chg Company LTP Chg % Chg TRIVENI 53 8 18.4 ESSDEE 165-41 -20.0 SHEMAROO 348 44 14.5 VIVIDHA 57-6 -9.3 DCW 29 3 12.7 ALPHAGEO 491-33 -6.2 APTECHT 75 8 12.4 KIRLOSBROS 148-8 -5.0 TATACOFFEE 109 11 11.7 DECNGOLD 41-2 -4.6 Domestic Market View Weak start on cards on dismal global cues The Indian markets despite a choppy trade managed a positive close in last session, coming out of four straight sessions of fall, tracking a mostly positive trend in Asia and Europe. Today, the start is likely to be soft, on weak global cues, as the markets heads into the upcoming earnings season. Traders will be concerned with a private report stating that consumer sentiments in India fell for the fourth consecutive month in December to the lowest on record, as consumers reported a further deterioration in their personal finances amid rising inflation. Also, as the Commerce and Industry Minister Nirmala Sitharaman has said the devaluation of the Chinese currency is a "worrying" development which will make Indian exports expensive and widen the trade deficit with the neighbouring nation. However, there will be some solace with a World Bank report stating that India will continue to be the bright spot of the global economy and is projected to grow at a robust 7.8 percent in fiscal 2016-17, more than a percentage point higher than China s. Metals and mining stocks will be buzzing as India is getting ready to open up commercial coal mining to private companies and Coal Secretary Anil Swarup has stated that the government has identified mines it plans to auction, and is now finalising other terms such as eligibility criteria for companies to take part and whether and how to set up revenue sharing.
Domestic Market Overview Value buying buoys markets, Nifty ends above 7600 level A session after displaying a distressing performance, Indian benchmark indices managed to pull through a scintillating performance by rallying around half a percent on the last day of the week, thanks to the hefty short covering in the beaten down Realty and high beta Power counters. Sentiments remained up-beat with Finance Minister Arun Jaitley s statement that Indian economy has emerged as one of the fastest growing economies in the world indicating that the economy is firmly on the path of economic revival. The recovery rally in the Indian equity markets was also supported by value buying, as a sizeable number of stocks were trading at their yearly lows after four consecutive sessions of slide. Furthermore, the central government's effort to reach out to the opposition to break the impasse on the Goods and Services Tax (GST) Bill restored investors' confidence. Some support also came with the report that the World Bank expects India's growth to pick up to 7.8% in the next financial year, projecting it to be the fastest growing economy in the world for the next three years by a distance, riding on stronger domestic policy reforms. The benchmark got off to a positive start as the indices rebounded after the recent sell-offs following the strong bounce back on Asian markets after China suspended its market circuit breaker and set a firmer midpoint rate for trading of the yuan for the first time in nine days. Moreover, broader markets showed some resilience by outclassing their larger peers by a big margin as investors carried forward their value hunting in beaten down shares from the midcap and small cap space. On the BSE sectoral space, the Realty counter remained the top gainer in the space with over two percent gains followed by the high beta- Power index which ended with similar gains. The Oil & Gas pocket too witnessed huge buying interests as it gained well over a percent after Crude oil prices gained more than 2 per cent tracking higher Asian share after it fell to 12-year lows on Thursday on China concerns. Energy shares too edged higher after the oil prices stabilized. Additionally, shares of media companies mainly those engaged in movies & entertainment business surged after global video-on-demand (VOD) player Netflix has launched services in India. Global Market Overview Asian markets end mostly in green on Friday Asian equity markets ended mostly in green on Friday as China's efforts to calm investors showed early signs of success. China's securities regulator suspended the recently implemented circuit breakers, a regulatory tool designed to limit how far stocks can fall after the market shut down for a second time this week. Also helping to restore confidence among investors, the People's Bank of China raised its guidance rate for the yuan for the first time in nine trading days. However, Japanese shares closed lower as China s decision to maintain the level of its currency for the first time in nine days failed to stop the Nikkei 225 Stock Average posting its worst first week of a year since 1997. US markets extend southward journey for third straight session Extending their southward journey for third straight session, the US markets not only ended in red terrain but also hit new three-month lows. Initially, the markets traded firmly on the back of bargain hunting, as traders picked up stocks at reduced levels following recent weakness. The markets also got some support from a rebound by Chinese stocks, as the Chinese Shanghai Composite Index jumped by 2 percent overnight. Nevertheless, buying interest waned not long after the open, as traders seemed reluctant to get back into the markets amid lingering concerns about the global economy. The subsequent pullback by the markets was partly attributed to a decrease by the price of crude oil, with crude for February delivery slipping $0.11 to 33.16 a barrel. The price of crude oil fell to its lowest closing level in nearly twelve years amid ongoing concerns about a global supply glut. Recent downward momentum also weighed on the markets, as traders continued to sell stocks despite the lack of any other major catalyst.
Index Futures (OI in '000 Shares) Future Chg Spot Chg Prem / Total Open Interest 8-Jan (%) 8-Jan (%) Disc 8-Jan Chg (%) NIFTY 7,605 0.31 7,601 0.44 3.8 22,685 0.2 CNXIT 10,983 1.07 10,990 1.16-6.3 16-1.9 BANKNIFTY 16,152 0.02 16,143 0.43 9.0 2,525-0.2 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 / 8-Jan % Chg. 8-Jan % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc ABIRLANUVO 957 29% 206,294 40% 33% 140,758 2341 2350 3.2% 3.7% 9.0 BAJFINANCE 210 18% 61,576 50% 53% 9,734 6315 6346 3.9% 3.8% 31.4 RELINFRA 12,438 16% 2,275,804 32% 15% 1,292,050 581 584 3.0% 2.9% 3.0 M&M 2,917 6% 1,465,296 83% 46% 1,003,281 1198 1198 0.5% 0.2% -0.2 HDIL 20,442 6% 1,859,770 11% 12% 206,653 77 78 5.4% 6.2% 0.3 MCLEODRUSS 4,209 5% 209,686 36% 28% 43,031 164 165 1.4% 1.7% 0.8 POWERGRID 15,796 3% 4,877,367 82% 52% 2,698,436 142 142 2.1% 2.1% -0.2 NTPC 16,676 3% 3,110,735 73% 64% 688,619 140 140 1.0% 1.2% 0.5 AUROPHARMA 17,184 2% 942,592 58% 44% 134,851 845 849 0.5% 0.4% 4.4 SIEMENS 1,528 2% 167,374 42% 32% 20,566 1141 1134 0.9% 0.7% -6.4 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 / 8-Jan % Chg. 8-Jan % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc ZEEL 7,781 18% 3,141,516 55% 46% 1,886,118 412 414-1.2% -0.8% 1.8 GLENMARK 3,216 7% 892,804 63% 61% 205,331 859 863-0.4% -0.8% 3.9 UBL 771 5% 81,021 44% 35% 17,524 913 917-1.7% -1.3% 3.9 MINDTREE 358 4% 146,028 44% 35% 79,444 1409 1411-0.8% -0.2% 2.0 INFRATEL 2,213 4% 1,422,573 58% 63% 64,872 400 400-0.9% -0.3% 0.0 COALINDIA 14,587 4% 2,768,002 61% 61% 511,002 321 316-1.5% -2.2% -5.4 HDFC 11,922 3% 1,716,978 68% 64% 531,388 1174 1178-0.2% -0.5% 3.8 AJANTPHARM 928 3% 66,519 31% 27% 15,275 1251 1257-1.6% -1.3% 5.7 BATAINDIA 3,180 2% 212,985 48% 38% 51,887 489 479-0.8% -0.7% -10.5 LUPIN 3,414 2% 381,204 49% 43% 24,467 1713 1719-0.2% -0.4% 6.2 Open Interest Break-up (Rs. in Cr.) 08-Jan 07-Jan Change in OI % Chg INDEX FUTURES 21,444 20,970 474 2.26 INDEX OPTIONS 121,440 108,703 12,737 11.72 TOTAL INDEX 142,884 129,673 13,211 10.19 STOCK FUTURES 63,880 64,299-419 -0.65 STOCK OPTIONS 16,005 13,452 2,554 18.99 TOTAL STOCKS 79,886 77,751 2,135 2.75 GRAND TOTAL 222,769 207,424 15,345 7.40 FII's 131,627 126,648 4979 3.93 Others 91,142 80,776 10367 12.83
Corporate News Indian Oil Corporation (IOC) has entered into strategic partnership with the Bengaluru-based logistics start-up Fortigo for expanding its reach to fleet operators by using the latter s platform. According to the tie-up, IOC has taken up a lead in tying up with technology platforms, including rural e-commerce platform StoreKing and Amazon, to enable IndianOil s XTRAPOWER customers to redeem their loyalty points. Sobha has achieved new sales of 8.06 lakh square feet in the third quarter of FY 2015-16 valued at Rs 478.30 crore with an average realisation of Rs 593.20 per square feet. The company s new sales volume and value are higher by 22 per cent and 12 per cent respectively as compared to the third quarter of FY 2014-15. Spice Mobility s subsidiary Spice Digital (SDL) has bought 22.54% stake in Sunstone Eduversity, a company incorporated for the purpose of engaging in the line of education business. Consequently, Sunstone Eduversity has become an associate company of SDL. Ashok Leyland has bagged an order worth $50 million. The company has bagged the order for 680 Vehicles and Spare Parts from the Ministry of Local Government, Public Works and National Housing, Government of Republic of Zimbabwe. Maruti Suzuki India (MSIL) has released the sketch of its much awaited compact sports utility vehicle (SUV) Vitara Brezza. The global unveil of Vitara Brezza will take place at the upcoming Delhi Auto Expo in early February. Pharma Major Lupin has received final approval for its Kaitlib Fe Tablets (Norethindrone and Ethinyl Estradiol Chewable Tablets, 0.8 mg/0.025 mg and Ferrous Fumarate Chewable Tablets, 75 mg) from the United States Food and Drug Administration (FDA) to market a generic version of Warner Chilcott's Generess Fe Chewable Tablets, (Norethindrone and Ethinyl Estradiol Chewable Tablets, 0.8 mg/0.025 mg and Ferrous Fumarate Chewable Tablets, 75 mg). Lupin's US subsidiary, Lupin Pharmaceuticals Inc shall commence promoting the product in the US shortly. Chartered Logistics has received Certificate of appreciation from UltraTech Cement (Unit: Wanakbori Cement Works) for achievement in excellent performance out of all vendors plying at Wanakbori for the quarter October - December 2015. This Certificate of Appreciation was awarded to the company on January 05,2016. Tata Steel s Kalinganagar steel plant will start commercial production from April 2016. Some units of the plant like coke oven plant, sinter plant have already started production on a trial basis. The blast furnace and steel melting shop will be on trial in the current quarter (Jan-Mar). With the 3-MT Kalinganagar steel plant s first phase, the Tata Steel India s total capacity will rise to 13 MT. Sagar Cements has reported the cement production and sales figures for December 2015. The Cement production for December 2015 stood at 106,775 million tonnes (MT), a drop of 18%, compared to 129,805 MT produced in December 2014. The Cement sales for December 2015 stood at 104,373 MT, a drop of 20%, compared to 130,452 MT in December 2014. IVRCL has bagged orders worth Rs 350.96 crore under its Irrigation Division and Water Division. The company has bagged orders worth Rs 324.67 crore under Building Division from Cauvery Neeravari Nigama. The order is for Providing drinking water to 83 tanks of Magadi Taluk, Ramanagara District & Hutridurga Hobli, Kunigal Taluk, Tumkur District, from CH192.3 KM of Tumkur Branch Canal under Hemavathy Project which includes design, supply, installation, testing and commissioning of Vertical Turbine pumping machineries and Rising main with surge analysis and suitable surge protection system, transformer, sub-station, construction of intake arrangements, transitions, sump, pump house, valves, electrical work, HOT crane, Raising main with MS pipe, delivery chamber, gravity distribution pipe network comprising of PSC pipes of suitable diameters including MS specials, valves, valve chambers for feeding design discharge to various impounding tanks including supply of spare parts, tools, main power for operation of the system & maintenance of the system for three years after the date of completion including conducting alignment survey, design and drawings for Raising main and gravity main etc. The project is to be completed in 24 months.
Southern Online Bio Technologies' Bio diesel unit has been restored and commenced commercial production at Visakhapatnam, Andhra Pradesh which was effected due to Hudhud cyclone which occurred on October 12, 2014. Further, the company has received an order for supply of Bio Diesel (B-100) towards annual requirement for 10% blend from Andhra Pradesh State Road Transport Corporation (APSRTC) for its 78 Depots.Furthermore, the company has received Letter of Acceptance (LoA) from Ministry of Railways, Indian Railways Organisation for Alternate Fuels (IRAOF) for Execution of Balance work of setting up Automated 30 TPD Bio diesel plant on turnkey basis on existing building site at Raipur (Chhattisgarh) along with subsequent Operation, Maintenance and Supply of Bio diesel to Railways. In order to meet its asset sales target, the Central government is reportedly considering a plan to dilute its 11.7% stake in Axis Bank. At the current market price, the Government's about 11.7% stake is worth around $1.8 billion. The sale will boost efforts by finance minister Arun Jaitley to narrow India s budget deficit to 3.9% of the gross domestic product (GDP) in the year to March 31, 2015. So far, the government has managed to raise only Rs 12700 crore from selling state assets, less than one-fifth of the target. Bajaj Auto is planning to roll out a series of new products, double capacity at one of its factories and launch a new brand this year. The country's second largest producer of motorcycles will launch new products in the budget (100cc), executive (110-150cc) and sports (150cc and above) segments, despite the broadly sluggish demand. Mahindra & Mahindra (M&M) is planning to roll out two more passenger cars/utility vehicles this financial year, thereby completing the planned launch of 10 vehicles during 2015-16. While the first one will be KUV 100 to be launched on January 15, it will be followed by the launch of new Quanto. While the KUV 100 will come packed with a petrol engine option as well, which will help M&M make its debut with a petrol engine vehicle, the Quanto will be upgraded. Deepak Nitrite has raised Rs 83.30 crore from institutional investors through private placement of shares. The project funding committee of board of directors of the company at its meeting has approved the allotment of 1,17,50,000 shares of Rs 2 each at Rs 70.90 apiece. Glenmark Pharmaceuticals S.A. (GPSA), a wholly owned subsidiary of Glenmark Pharmaceuticals (GPL), has discovered and initiation of IND-enabling studies for a novel clinical development candidate, GBR 1342. GBR 1342 is a CD38xCD3 bi-specific antibody based on Glenmark s proprietary BEAT platform. GBR 1342 is the second clinical development candidate (following GBR 1302 a HER2xCD3 bi-specific antibody) based on the BEAT technology. It is also Glenmark s second clinical candidate targeting oncology indications. Tech Mahindra, a leading provider of IT, Networks & Engineering solutions and BPO services, has entered into a strategic alliance with MetricStream, Inc the global market leader in Governance, Risk and Compliance (GRC) Management Apps to deliver GRC Solutions across the globe. Seamec s vessel SEAMEC III has been mobilized in Mumbai High North for Redevelopment of Phase III Pipeline projects, ONGC contract awarded to Valentine Marine. The tenure of the contract will continue till Mid-February 2016. The value of the Charter would be around $3 million. L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro (L&T), in consortium with McDermott has bagged an offshore contract from Oil & Natural Gas Corporation (ONGC) valued at Rs 2450 crore for the development of its Vashishta and S1 deepwater fields situated off the East Coast of India. LTHE s share in the consortium is Rs 640 crore. Technocraft Industries (India) has decided form a Joint Venture (JV) in the form of LLP, under the name and style of Technocraft Garments LLP with Rangappa Ramaraj who is having more than two decade s experience in Textile Industries and who is capable of generating and executing garment business. The proposed JV will procure fabric and manufacture and market garments for specialized market. Canara Bank has successfully raised Rs 900 crore under BASEL-III Compliant Tier-II Bonds on January 07, 2016 with a coupon of 8.40% per annum. With this, the bank has raised Rs 2,400 Crore under BASEL-III Compliant Tier-II Bonds during the current financial year - 2015-16.
Seamec has entered into a contract for the charter hire of vessel Seamec Princess with Synergy Subsea Engineering LLC, for undertaking job in Persian Gulf. The tenure of the contract would be around 30 days. The contract commenced on January 10, 2016. The value of charter would be around $900,000. Coal India s arm Mahanadi Coalfields (MCL) has crossed 100 million tonne production milestone and is taking steps to achieve the target of 150 million tonne output for the current fiscal. Housing Development Finance Corporation s (HDFC) wholly owned subsidiary - HDFC Capital Advisors has been appointed as an investment manager for the HDFC Capital Affordable Real Estate Fund-1 (HCARE-1). HCARE-1 is a SEBI registered Alternative Investment Fund (AIF) and has been sponsored by the company..economy Finance ministry asks CPSEs to pay 30% payout, issue bonus shares In order to mop up higher non tax revenue to bridge the fiscal gap, the Finance ministry has asked Central Public Sector Enterprises (CPSEs) to pay dividends at 30% of their profits after tax, or equity, whichever is higher and that CPSEs with large cash reserves and sustainable profit may issue bonus shares. This move comes at a time when the government is looking to adhere to the fiscal deficit target amidst a massive shortfall in the disinvestment receipts. This is 10 percentage points higher than what the CPSEs were paying earlier. Finance ministry has notified that there were huge variations in the dividends paid out by the CPSEs and hence there was a need for a clear policy on dividends. The ministry has further said that due account should be taken of cash and free reserves with the CPSE, and accordingly special dividend would need to be paid to the government, as a return for its equity investments. It also notified that the capital investment requirements of CPSEs may be kept in view but it needs to be specifically assessed whether those investment requirements can be fully or partly met out of market borrowing, to leverage the favorable debt equity ratios in the CPSEs. The new policy has also asked PSUs with large cash or free reserves and sustainable profit to issue bonus shares. PSUs can also pay a special dividend to the government as a return for its equity investments. The ministry said that the Fourteenth Finance Commission (FFC) report which had remarked that the dividends policy should cater to the requirements of the government also, as it would in case of any prudent investor or owner. Dividends from PSUs have fluctuated from year to year and are estimated at Rs 36,174 crore in 2015-16. With the dividends from PSUs abysmally low, FFC had noted that there is considerable scope in the future for obtaining higher levels of dividends through appropriate policy initiatives. Raghuram Rajan wants more powers for banks to deal with stressed loans Reserve Bank of India (RBI) Governor Raghuram Rajan has made out a case for more powers to banks to deal with stressed debt as the country does not have an efficient bankruptcy or corporate resolution system. Rajan saw consolidation as a solution in the medium term, saying premature mergers might lead to 'a potentially bigger problem'. Gross non-performing assets of public sector banks have gone up to Rs 3.14 lakh crore at the end of September 2015. For new bank licences, Rajan has expressed hope that the old banks will feel compelled to start offering innovative products in order to match new entrants. In order to make banking sector more competitive, RBI has granted approval to 23 entities to operate as banks, including payments banks. RBI has taken various steps to increase foreign flows into the country. He further added that at 7.4 per cent, India's 2015 thirdquarter GDP growth was the strongest among large economies as the rupee was one of the few stable emerging market currencies in 2015; and a clear financial market liberalisation path is attracting foreign investors and making India's financial markets more sophisticated.
India s exports unlikely to exceed $270 bn in current facial: Rita Teaotia Showing the clear dismal picture of the country's outbound merchandise shipments, India s Exports in the current financial year 2015-16 are expected to decline about 13 per cent to $270 billion due to global demand slowdown and fall in crude oil prices. The figure was mentioned by commerce secretary Rita Teaotia at a meeting with the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry, (Ficci) among other groupings. If exports of petroleum products are excluded, then the decline in exports is only 9.6 per cent in dollars. Rita Teaotia has also said that the imports during the fiscal would stand around $ 390 billion. So the trade deficit would aggregate at $120-125 billion in 2015-16. The secretary throws light on India's dismal export performance in the wake of slowing global demand. Falling imports and exports have an impact on manufacturing and this is substantiated by the manufacturing data. Further the declining exports would have implications for the job market. Government agrees to Congress demands for passage of GST Bill Parliamentary Affairs Minister Venkaiah Naidu has said that the Modi government has agreed to accept the demands raised by the opposition congress Party, to pass key reform goods and services tax (GST) Bill, raising hopes that a political standoff that blocked the measure throughout last year might be resolved. Further he said that the government is ready to start the upcoming Parliament session earlier than scheduled to pass the bill in the Rajya Sabha if the Congress is willing to support it. With a view to discuss and seek support for the passage of key reforms in the upcoming budget session of Parliament, Naidu met Congress president Sonia Gandhi. Gandhi, however, didn't assure him of her party's support and said that they will discuss among themselves and take a final decision. In order to garner the Opposition's support for the passage of the GST Bill, Prime Minister Narendra Modi had also met his predecessor Manmohan Singh and Congress president Sonia Gandhi in early December. But his efforts were in vain as the winter session of Parliament got washed out following a controversy in the National Herald case in which Congress leaders Sonia Gandhi and Rahul Gandhi faced allegations of illegal acquisition of property worth Rs 5,000 crore. Source: Reuters, Ace Equity & LKP Research
Tech View CNX Nifty NA Technical View NA IMPORTANT LEVELS FOR THE DAY Support BSE NSE BANKNIFTY S1 24,847 7573 16081 S2 24,697 7532 15986 Resistance R1 25,090 7638 16236 R2 25,240 7679 16331 Pivot 24,968 7,606 16,159
Tech View PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 ACC 1296 1339 1314 1293 1272 1247 GAIL 373 381 377 374 370 366 ADANIENT 82 85 83 82 80 79 GLENMARK 859 903 882 865 849 828 ADANIPORTS 241 254 248 243 238 232 GMRINFRA 15 16 15 15 15 14 ADANIPOWER 33 35 34 33 32 31 GODREJIND 387 401 392 385 378 370 ALBK 65 67 65 65 64 63 GRASIM 3576 3676 3613 3562 3512 3449 AMBUJACEM 198 205 201 197 194 190 HAVELLS 303 314 307 302 296 289 ANDHRABANK 61 63 62 61 60 59 HCLTECH 828 858 840 826 812 795 APOLLOHOSP 1405 1447 1423 1403 1384 1360 HDFC 1174 1275 1229 1191 1153 1107 APOLLOTYRE 150 158 153 149 144 139 HDFCBANK 1062 1071 1066 1061 1057 1051 ARVIND 344 359 350 343 336 328 HDIL 77 84 80 76 73 69 ASHOKLEY 91 94 93 91 90 88 HEROMOTOCO 2490 2578 2537 2504 2471 2431 ASIANPAINT 875 896 884 874 865 853 HEXAWARE 240 249 244 240 237 232 AUROPHARMA 845 868 856 847 837 826 HINDALCO 77 81 79 77 75 73 AXISBANK 414 426 420 414 409 402 HINDPETRO 888 930 904 882 861 835 BAJAJ-AUTO 2376 2509 2445 2393 2341 2277 HINDUNILVR 810 849 831 816 802 783 BANKBARODA 140 147 144 141 139 135 HINDZINC 141 145 143 140 138 135 BANKINDIA 110 112 111 110 109 108 IBREALEST 60 65 62 59 57 54 BATAINDIA 489 514 502 493 483 471 ICICIBANK 245 251 248 245 243 239 BHARATFORG 832 882 858 839 819 795 IDBI 78 82 80 78 77 74 BHARTIARTL 324 331 326 322 318 314 IDEA 133 136 134 133 131 129 BHEL 154 160 157 154 152 148 IDFC 47 49 48 47 46 45 BIOCON 518 530 523 517 512 505 IFCI 27 28 28 27 27 26 BPCL 904 924 911 900 890 877 IGL 565 582 574 567 560 551 CAIRN 129 137 133 130 127 123 INDIACEM 100 109 103 98 94 88 CANBK 220 225 222 220 218 216 INDUSINDBK 947 966 953 943 932 920 CENTURYTEX 568 584 576 569 562 554 INFY 1063 1079 1069 1062 1055 1046 CESC 494 507 500 495 489 482 IOB 30 31 30 30 29 29 CIPLA 622 670 646 627 608 584 IOC 447 460 452 446 440 433 COALINDIA 321 340 330 323 315 305 IRB 245 254 249 245 240 235 COLPAL 927 941 932 925 917 908 ITC 314 323 318 313 309 303 CROMPGREAV 193 205 197 190 184 176 JINDALSTEL 85 93 88 84 80 75 DABUR 269 275 272 270 267 264 JISLJALEQS 73 75 74 73 72 70 DISHTV 100 102 101 99 98 96 JPASSOCIAT 11 12 11 11 11 10 DIVISLAB 1130 1155 1141 1130 1120 1106 JPPOWER 7 8 7 7 7 7 DLF 112 120 115 111 107 102 JSWENERGY 83 87 84 82 80 77 DRREDDY 3011 3084 3041 3006 2971 2928 JSWSTEEL 1041 1068 1052 1038 1025 1008 EXIDEIND 142 146 144 141 139 137 JUBLFOOD 1362 1472 1421 1380 1339 1288 FEDERALBNK 53 55 54 53 52 51 JUSTDIAL 835 873 855 841 826 809
Tech View Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 KOTAKBANK 695 712 704 698 691 683 TATACHEM 401 412 406 400 394 388 KTKBANK 114 116 115 114 113 111 TATACOMM 436 460 445 433 422 407 L&TFH 64 66 65 64 64 63 TATAGLOBAL 144 153 148 144 140 135 LICHSGFIN 505 532 515 502 489 472 TATAMOTORS 353 366 358 352 345 337 LT 1179 1248 1216 1190 1164 1132 TATAMTRDVR 265 276 269 264 258 252 LUPIN 1713 1781 1748 1721 1694 1660 TATAPOWER 69 72 70 68 66 64 M&M 1198 1222 1210 1199 1189 1176 TATASTEEL 254 263 257 253 249 243 M&MFIN 236 242 238 235 231 227 TCS 2398 2441 2414 2392 2371 2344 MARUTI 4215 4424 4325 4245 4165 4067 TECHM 522 539 529 520 512 502 MCDOWELL-N 2810 2925 2853 2794 2735 2663 TITAN 348 363 353 346 338 329 MCLEODRUSS 164 171 167 163 160 156 UBL 913 967 942 921 901 876 MRF 38639 40201 39467 38873 38279 37545 UCOBANK 43 44 43 43 42 41 NHPC 21 22 21 21 21 20 ULTRACEMCO 2705 2795 2735 2686 2637 2576 NMDC 89 92 90 89 88 86 UNIONBANK 137 141 139 137 136 134 NTPC 140 143 141 139 137 135 UNITECH 7 7 7 7 7 6 OFSS 3707 3790 3740 3700 3660 3611 UPL 425 439 431 424 417 409 ONGC 230 238 233 229 225 221 VOLTAS 297 309 302 295 289 282 ORIENTBANK 128 132 130 128 127 125 WIPRO 556 566 560 554 549 543 PETRONET 264 274 270 266 262 257 YESBANK 694 714 702 692 682 670 PFC 190 195 192 190 188 186 ZEEL 412 428 420 414 407 399 PNB 105 108 107 106 104 103 POWERGRID 142 145 143 141 139 137 PTC 69 73 70 68 66 64 RCOM 83 85 84 83 82 80 RECLTD 215 221 218 216 213 210 RELCAPITAL 426 442 433 427 420 412 RELIANCE 1026 1048 1035 1025 1015 1003 RELINFRA 581 604 592 582 572 560 RPOWER 59 62 60 58 56 53 SAIL 47 49 48 47 46 45 SBIN 209 215 212 210 208 205 SIEMENS 1141 1169 1154 1142 1129 1114 SRTRANSFIN 842 882 860 842 824 802 SUNPHARMA 794 823 808 795 783 768 SUNTV 424 449 432 419 406 389 SYNDIBANK 82 84 83 82 81 80
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