Nasdaq Composite Index 4,733 4,750-0.35% DII's contribution to the total turnover 23%

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 4-Sep-2015 Indices 3-Sep 2-Sep % Chg. Major Indices 3-Sep 2-Sep % Chg. FII's & DII's in equity Rs.Crs S&P BSE SENSEX 25,765 25,454 1.22% CAC 40 Index 4,654 4,555 2.17% 03-Sep Buy Sell Net S&P CNX NIFTY 7,823 7,717 1.37% DAX Index 10,318 10,048 2.68% FII / FPI Investments 3324 3719-394 S&P BSE MidCap 10,560 10,437 1.18% Dow Jones Industrial Average 16,375 16,351 0.14% DII's Investments 2397 1557 840 S&P BSE SmallCap 10,874 10,750 1.15% FTSE 100 Index 6,194 6,083 1.82% FII's contribution to the total turnover 40% BSE Sectoral Indices Nasdaq Composite Index 4,733 4,750-0.35% DII's contribution to the total turnover 23% S&P BSE REALTY 1,285 1,229 4.55% Major Asian Indices 3-Sep 2-Sep % Chg. FII's in Derivatives Rs.Crs S&P BSE METAL 7,281 7,108 2.43% Hong Kong 20,935 20,935 0.00% 03-Sep Index Fut Index Opt Stock Fut Stock Opt S&P BSE CAPITAL GOODS 15,749 15,443 1.98% Nikkei 225 18,182 18,095 0.48% Net 459 268 321-12 S&P BSE BANKEX 18,940 18,581 1.93% Korea 1,916 1,915 0.02% OI 20646 80182 44520 1665 S&P BSE POWER 1,784 1,752 1.81% Shanghai 3,160 3,160 0.00% Chg.OI 3.8% 8.7% 2.5% 6.5% S&P BSE AUTO 17,383 17,154 1.34% Taiwan 8,096 8,035 0.75% FIIs' contribution to the total Derivatives turnover 23% S&P BSE PSU 6,647 6,572 1.15% S&P BSE OIL & GAS 8,662 8,581 0.95% Commodities (MCX) 3-Sep 2-Sep % Chg. Curr. Derivatives (NSE) 3-Sep 2-Sep % Chg. S&P BSE CONSUMER DURABLES 10,727 10,665 0.58% Aluminium (30SEP2015) 108 106 1.60% USDINR 28-SEP-2015 66.52 66.54-0.03% S&P BSE TECk 6,105 6,074 0.51% Copper(30NOV2015) 353 346 1.92% EURINR 28-SEP-2015 74.66 74.95-0.38% S&P BSE IT 11,233 11,184 0.44% Crude (21SEP2015) 3,086 3,034 1.71% JPYINR 28-SEP-2015 55.33 55.43-0.18% S&P BSE FMCG 7,707 7,679 0.37% Gold (5OCT2015) 26,394 26,629-0.88% DJIA (18-SEP-2015) 16398 16183 1.33% S&P BSE HEALTHCARE17,561 17,546 0.09% Silver (4DEC2015) 35,400 35,358 0.12% S&P500 (18-SEP-2015) 1954 1929 1.27% Company LTP Chg % Chg Company LTP Chg % Chg CAIRN 149 8 5.8 IDEA 150-5 -3.0 TATASTEEL 230 10 4.6 BPCL 840-9 -1.1 HDFC 1172 49 4.4 BOSCHLTD 22215-213 -1.0 AXISBANK 486 19 4.2 BPCL 840-9 -1.1 ULTRACEMCO 3005 119 4.1 IDEA 150-5 -3.0 Company LTP Chg % Chg Company LTP Chg % Chg DLF 121 11 10.1 IDEA 150-5 -2.9 TATAMTRDVR 235 15 6.8 BOSCHLTD 22141-328 -1.5 CAIRN 149 8 5.6 GODREJCP 1305-18 -1.4 HDIL 62 3 5.4 BPCL 838-11 -1.3 SAIL 49 2 4.8 GLENMARK 1067-13 -1.2 Company LTP Chg % Chg Company LTP Chg % Chg JSWENERGY 74 5 7.0 CONCOR 1397-65 -4.5 OBEROIRLTY 224 14 6.7 OFSS 3928-142 -3.5 JSWSTEEL 931 38 4.3 GODREJCP 1305-18 -1.4 LICHSGFIN 423 17 4.2 VIDEOIND 140-2 -1.2 TATAGLOBAL 124 5 4.2 GLENMARK 1067-13 -1.2 Company LTP Chg % Chg Company LTP Chg % Chg UNICHEMLAB 303 35 13.2 AMTEKAUTO 32-17 -34.8 JBCHEPHARM 286 26 9.8 KSCL 447-28 -6.0 ESARIND 1 0 9.4 OJASASSET 413-24 -5.6 GEOMETRIC 137 11 9.0 SUNASIAN 191-10 -5.0 APTECHT 63 5 8.9 SAFALHBS 18-1 -5.0 Domestic Market View Markets to make a cautious start on sluggish global cues The Indian markets sensed relief in last session with major averages rallying over a percent in the absence of Chinese market trade. Today, the start is likely to be cautious tailing the sluggishness in the global indices and markets may give up some of the gains gathered in last session. However, there will be some encouragement too with Minister of State, UAE stating that United Arab Emirates is keen to invest in India, especially in opportunities arising out of various initiatives announced by the government such as Make in India and Digital India. Also, the government has received over Rs 1 lakh crore investment proposals for manufacturing in the electronics sector. Rate sensitives will be buzzing with Minister of State for Finance Jayant Sinha s statement that the Reserve Bank of India will factor in domestic as well as global deflationary trends while deciding policy rates. He has also said that Indian economy could grow close to 8 per cent this fiscal. Meanwhile, exporters body FIEO has said that the decline in outbound shipments has pulled down India's GDP growth in the April-June quarter by over 3 percent.

Domestic Market Overview Benchmarks snap three days losing streak; Nifty regains 7,800 mark Snapping three days losing streak, Indian equity benchmarks staged an enthusiastic performance on Thursday, by rallying over a percentage point and breaking lots of psychological levels in their northward rally. Sentiments remained positive since beginning of the trade and there appeared not even an iota of profit booking in the session as the benchmarks managed to fervently gain from strength to strength as investors continued hunt for fundamentally strong but oversold stocks. Sentiments remained up-beat with the statement of International Monetary Fund (IMF) that near-term growth prospects remain favourable in India but some macroeconomic imbalances still exist. Some support also came after India's services industry grew for a second month in August, the Nikkei/Markit Services Purchasing Managers' Index rose to 51.8 in August from July's 50.8. Traders also got some support with CBDT circular asking its fields officers to keep in abeyance pending MAT assessments and not to recover any outstanding demand. Earlier the government accepted the recommendations of an expert committee formed to study MAT to exempt foreign funds from tax on profits earned before April 1, 2015. Meanwhile, weak GDP data, cooling inflation along with mixed PMI data has created room for RBI rate cut which has further lifted the trading sentiments. Buying got intensified after European counters have made a positive start and rallied over a percent in early deals. Meanwhile, Sweden s central bank kept its benchmark interest rate unchanged at a record low amid signs the unprecedented monetary stimulus is helping steer the country out of a deflationary trap. Asian markets ended in green as a two-day holiday in China gave investors respite from the market that's been at the centre of recent global volatility. Global Market Overview Asian markets close in green on Thursday The Asian markets closed in green on Thursday while Shanghai Stock Exchange was closed on account of Victory Day holiday and Hong Kong Stock Exchange was closed on account of Anniversary day of the victory of war against Japanese. International Monetary Fund (IMF) chief Christine Lagarde stated that Asian economies were doing pretty well despite the volatility created by China s slowdown and unease on global financial markets. Lagarde added that now the situation is changing yet again, and everyone is feeling the impact of China s rebalancing and moving to a revised business model.the Singapore Institute of Purchasing & Materials Management s Purchasing Managers Index (PMI) fell to 49.3 from July s 49.7. South Korean GDP rose to a seasonally adjusted 0.3% compared to the preceding month. US markets closed mostly up; Nasdaq ends in red The US markets closed mostly higher on Thursday, though relinquishing major early gains ahead of highly anticipated Friday employment report. The jobs report is widely viewed as the last piece of US data puzzle before the Federal Reserve makes its interest-rate policy decision at its two-day meeting beginning September 16. Treasury Secretary Jacob Lew stated that he is keeping a careful eye on market volatility and looking at any related risk to the US economy. Lew also added that he tries to not respond immediately to minute-to-minute or day-to-day market moves, but instead consults with senior leaders in the financial world, colleagues and central bankers. He criticized China s move last month to change its foreign-exchange policy. On the economy front, the US trade deficit fell 7.4% in July, mainly because of lower imports such as cell phones and pharmaceutical products. Exports rose for the first time in three months. The trade deficit declined to a seasonally adjusted $41.9 billion in July from a revised $45.2 billion in the prior month. Exports rose 0.4% in July to $188.5 billion, led by stronger sales of US autos as well as industrial equipment. Yet despite the increase, exports were still 4.2% lower compared with one year ago.

Index Futures (OI in '000 Shares) Future Chg Spot Chg Prem / Total Open Interest 3-Sep (%) 3-Sep (%) Disc 3-Sep Chg (%) NIFTY 7,843 1.30 7,823 1.37 19.6 23,819-0.4 CNXIT 11,710 0.64 11,673 0.59 36.9 13-0.6 BANKNIFTY 16,566 1.10 16,555 1.86 10.5 2,477-9.6 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 / 3-Sep % Chg. 3-Sep % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc IBREALEST 25,076 8% 1,623,764 15% 11% 536,504 65 65 7.0% 6.9% 0.4 JSWSTEEL 10,652 6% 887,313 52% 27% 626,564 930 935 4.2% 4.4% 5.3 DLF 35,006 5% 3,451,129 12% 9% 1,976,472 121 121 9.2% 9.9% 0.5 PFC 8,452 5% 1,093,390 44% 40% 409,553 220 221 1.2% 0.9% 0.6 SKSMICRO 4,360 5% 651,042 46% 42% 34,839 458 459 4.1% 3.5% 1.4 BRITANNIA 843 5% 150,402 50% 43% 47,659 3008 3025 0.5% 1.1% 17.1 BAJFINANCE 188 3% 79,151 55% 55% 54,763 5202 5220 3.5% 3.5% 18.1 UPL 5,333 3% 1,618,730 57% 54% 512,648 548 548 3.5% 2.7% 0.0 TATASTEEL 34,843 3% 1,787,337 21% 12% 437,523 230 231 4.0% 4.7% 0.9 WOCKPHARMA 2,842 3% 121,507 14% 9% 22,517 1325 1333 2.1% 2.3% 8.3 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 / 3-Sep % Chg. 3-Sep % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc CEATLTD 1,296 13% 146,916 15% 12% 2,191 1118 1111-1.3% -2.0% -6.3 KSCL 1,212 6% 231,578 23% 31% 146,121 447 444-5.5% -6.2% -3.0 SIEMENS 1,330 1% 342,892 55% 52% 6,174 1207 1212-0.4% 0.3% 5.4 GMRINFRA 147,004 1% 6,391,079 43% 33% 3,953,849 11 11-1.3% 0.4% 0.1 AJANTPHARM 537 1% 32,322 26% 20% 3,105 1501 1507-0.8% -0.7% 5.8 COLPAL 573 1% 231,859 82% 54% 117,083 1912 1916-1.0% -0.8% 4.1 Open Interest Break-up (Rs. in Cr.) 03-Sep 02-Sep Change in OI % Chg INDEX FUTURES 22,881 23,102-221 -0.96 INDEX OPTIONS 121,139 117,502 3,637 3.10 TOTAL INDEX 144,020 140,604 3,416 2.43 STOCK FUTURES 56,491 55,471 1,020 1.84 STOCK OPTIONS 11,643 11,113 530 4.76 TOTAL STOCKS 68,134 66,584 1,550 2.33 GRAND TOTAL 212,154 207,188 4,965 2.40 FII's 147,013 138,608 8405 6.06 Others 65,141 68,581-3440 -5.02

Corporate News Byke Hospitality has inaugurated its hotel The Byke- Suraj Plaza in the business capital at Ghodbunder Road, Thane in state of Maharashtra. This hotel has 122 well appointed modern digitalized rooms with world class service, comfort and Hi-tech amenities. The Byke-Suraj Plaza shall be operational from September 05, 2015. Glenmark Pharmaceuticals wholly owned Swiss subsidiary - Glenmark Pharmaceuticals S.A., has completed clinical phase 1 dosing of GBR 830, a novel monoclonal antibody. GBR 830 is an antagonist of OX40, a costimulatory receptor expressed on T cells mediating T cell activation and survival. Power Mech Projects has received an Letter of Intent (LoI) from IL&FS Tamil Nadu Power Company for an order worth around Rs 85.65 crore towards operation, Management & Maintenance with respect to Boiler, turbine, Generator & Balance of Plant (except CHP, AHP, Seawater Intake & Outfall and FGD systems) and related facilities (BTG & BOP) for Unit 1 & Unit 2 of 2x660 MW thermal power plant at Cuddalore, Tamil Nadu. The order is spread over 3 years. Lupin Pharmaceuticals, a subsidiary of Lupin, has launched its Duloxetine 40 mg Delayed-Release (DR) Capsule, which is the first and only generic Duloxetine formulation to become available in 40 mg dosage strength. Lupin is excited to bring this new strength to market, as it adds to the currently-available dosing options for greater flexibility of treatment. National Buildings Construction Corporation (NBCC) has secured total business amounting Rs 386.78 crore (approximately) from various clients in the month of August, 2015. Yogya Enterprises has bagged order to supply computer hardware and peripherals worth Rs 10 crore from Jatalia Global Ventures. Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, has been named to the Winner s Circle by analyst firm HfS Research in its Engineering Services Outsourcing 2015 Blueprint Report. The HfS Engineering Services Blueprint report rated 14 engineering services players with strong capabilities across two categories. Organizations that demonstrate excellence in both execution (providers that have strong relationships with clients, and are highly flexible when meeting client s needs) and innovation (providers that have strong vision to invest in future capabilities to increase value for their clients) were positioned in the Winner s Circle. Deep Industries has received Notification of Award for charter hiring of 01 No. of 1000HP Mobile Drilling Rig for Ahmedabad Asset of ONGC for a period of 3 years, the total value of the said award is of $12.99 million. Pearl Agriculture is entering into an agreement for developing 10 acres land for its pilot project of cultivation of premium organic product Stevia. In line with its expansion strategy towards Organic Revolution, the company will soon be commencing with the cultivation of Stevia. Great Eastern Shipping Company (GE Shipping) has delivered its new building Kamsarmax dry bulk carrier Jag Aakash (81,600 dwt) to buyers. The vessel was contracted for sale in August 2015. The company had ordered the vessel in July 2013 at the Tsuneishi Heavy Industries (Cebu) Inc., Philippines and took delivery of the same on September 1, 2015. Caplin Point Laboratories has received approval from Brazil's National Health Surveillance Agency ANVISA (Agencia Nacional de Vigilancia Sanitaria) for its sterile injectable manufacturing site at Chennai. The facility is capable of manufacturing Liquid Injectables in Vials, Ampoules, Lyophilized Vials and Ophthalmic dosages. Hindustan Unilever (HUL) has reportedly slashed prices of shampoo brands in response to rival Procter & Gamble's recent moves. The country s largest fast moving consumer goods company has 46-47 per cent market share in shampoos. Moreover, the company has begun trial runs of its e-commerce initiative.

Cyient has completed the acquisition of P&W Global Services Engineering Asia. The company had earlier on July 22, 2015 acquired Global Services Engineering Asia, based in Singapore, from Pratt & Whitney services. This site provides repairs, development and validation for aero gas turbine engine components in support of Pratt & Whitney throughout the region. Pincon Spirit has been issued a new excise license dated August 18, 2015 by the Collector of Excise, Government of West Bengal. The licenses shall enable the expansion of existing production capacity of the company. The said facility shall be of the state of the art technology which is essential for the industrial growth. VHCL Industries has successfully developed and tested a new product, Valpol XE, a new generation recycled compound, designed for use in HDPE Pipes. This material is compatible for use in various sizes of pipes, and can be used in loading levels upto 60%. Despite declining sales in the segment, Maruti Suzuki, India's biggest car maker, is planning to launch its first ever light commercial vehicle (LCV) during the ongoing financial year. The company will launch it in few states first as a pilot project before going pan India. Under passenger vehicle segment, the company is planning to reach out to 1.5 lakh villages this fiscal as compared to 1.25 lakh villages last financial year. Magma FinCorp, a leading Non Banking Financial Company (NBFC) has entered into collaboration with Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, to implement its lending solution. Puravankara Projects is planning capital expenditure of Rs 1,000 crore during FY16. The company has planned a number of projects across several major cities, including Bengaluru, Pune, Mumbai and Hyderabad. The company is poised to work on a new project close to the PV Narasimha Rao Expressway (Outer Ring Road) in Hyderabad under its Provident brand. Bhushan Steel is planning to raise up to Rs 547.50 crore through private placement of shares to meet fund requirements. The company will approach its shareholders with the special resolution at its annual general meeting scheduled to held on September 19, 2015. The company will seek shareholders' nod to authorise the Board to create, offer, issue and allot 1825,000 redeemable cumulative preference shares of Rs 100 each, to be issued at such rate not exceeding Rs 3,000 per share (including maximum premium of Rs 2,900 per share) for an aggregate amount not exceeding Rs 547.50 crore. Mahindra & Mahindra (M&M) is planning to focus more on electric vehicles than on hybrid ones. In this regard, the utility vehicle major is running some tests for electric vehicles, apart from the e2o that it has been selling after acquiring Reva Electric. Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, has entered into collaboration with Magma FinCorp, a leading Non Banking Financial Company (NBFC) to implement its lending solution.. Cipla, one of India s leading generic pharmaceutical companies has reportedly acquired the exclusive rights to market skin care products of Percos India. This deal may be worth an estimated Rs 90 crore. The company will market few fast growing brands like Vedaderm, Claz, Actipeel, Tryses and Glycoveda, which have collective sales of around Rs 10 crore. WABCO India has opened a new software engineering and business centre in Chennai. The new centre, spread over in 65,000 sq ft of area, will accommodate WABCO s business services team of around 110 professionals. Tata Motors owned Jaguar Land Rover (JLR) India has launched its premium SUV -- Discovery Sport -- in India with a starting price of Rs 46.10 lakh (ex-showroom Mumbai). It will be available in India in seven exterior colour options with exciting interior colour-ways such as Tan/Ebony, which is available on top-of-the-line HSE Luxury model. It will be locally manufactured at Land Rover's facility in Pune, Maharashtra. Mahindra Holidays & Resorts India (MHRIL), India s leading leisure hospitality provider, has completed the necessary formalities on September 02, 2015, for increasing its stake to 83.20% in Holiday Club Resorts Oy, Finland (HCR) through its overseas

subsidiary. Consequent to this transaction, HCR and HCR Management Oy, Finland, have become subsidiaries of the company with immediate effect. VA Tech Wabag and its consortium Muhibbah Engineering (M) Bhd, has bagged an order from Malaysia s national oil and gas company, Petroliam Nasional Berhad (Petronas), for the Design Competition for Re-FEED and Engineering, Procurement, Construction and Commissioning of the Effluent Treatment Plant (ETP) for PETRONAS Refinery and Petrochemicals Integrated Development (RAPID) project in Pengerang, Johor, Malaysia. The contract was awarded by PRPC Utilities and Facilities Sdn. Bhd., a subsidiary under the Petronas Group of companies. HCL Technologies, a leading global IT services provider, has entered into a global partnership with Manchester United. As part of this partnership HCL and Manchester United will work together to explore and unveil a number of digital initiatives to transform the experience of the Club s 659 million global followers. Ujaas Energy has received a Letter of Award (LoA) from Oil India (a navratan company) for Engineering, Procurement & Construction for 9MWP (DC) Grid Interactive Solar Photo VoItaic (SPV) Power Plant at Ramgarh, Jaisalmer along with its Comprehensive Operation & Maintenance (O&M) for 25 years, at approx cost of Rs 88 crore. IRB Infrastructure Developers wholly-owned subsidiary - AE Tollway, has executed a concession agreement with NHAI for the project of six laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the state of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode...economy Illicit outflow of funds from developing countries a matter of concern: Jayant Sinha Minister of State for Finance Jayant Sinha has estimated that over $300-600 billion illicit fund moves out from developing countries including India to developed countries through money laundering and other ways. He said 'Illicit financial flows means the money that actually is black money, and it is then sent over to tax havens. And in India, a lot of it is happening through trade based money laundering, over-invoicing or under-invoicing and a variety of other ways and then money is leaving the country simply through hawala channels'. Sinha further added that there is a lot of capital that is going out of the developing world and into the developed world because of transfer pricing. Through transfer pricing mechanism multinationals move profits to low tax countries and tax havens, thus reducing their tax liability. Illicit financial flows are estimated to be much higher than those going out by transfer pricing and capital gains. The government has taken number of steps, including enactment of the black money law, to deal with unaccounted overseas assets. Referring to the current financial condition caused by yuan devaluation, Sinha reportedly said that India has a big opportunity to shine as the world is facing more turbulence and slower demand. With the ease of doing business India has a chance to be a very attractive investment destination and be able to attract funds both from domestic and international investors. Fitch affirms ratings on 9 Indian banks; PNB's viability rating downgraded to 'bb' Rating agency Fitch Ratings has affirmed the ratings on nine Indian banks. The Long-Term Issuer Default Ratings (IDR) on State Bank of India, Bank of Baroda, Bank of Baroda (New Zealand), Punjab National Bank, Canara Bank, IDBI Bank, ICICI Bank and Axis Bank has been affirmed at BBB-, while Indian Bank has been affirmed at 'BB+' stating that the outlook on the IDRs is stable. Further, Fitch highlighted that PNB is the weakest among the state banks because of its stressed assets situation. The agency downgraded PNB s viability rating by one notch to BB to reflect growing risk to the state owned bank s capital position from its increasing stock of stressed assets. The downgrade also reflects Fitch s expectation that capital buffers are unlikely to improve significantly even though the state is likely to inject capital into the bank in the FY16. However, Fitch siad that the outlook for Indian bank credit profiles in FY16 is more positive following the difficult year in FY15, when system-wide loans increased by 9.7%, the

slowest pace in a decade. Fitch further stated that there are challenges from stressed sectors such as infrastructure and steel, high corporate leverage, and continued pressure on asset quality and capital. According to Fitch, state owned banks which account for 85% of the total capital shortfall that Indian banks face in meeting Basel III capital requirements, and they account for close to 90% of the system s stressed assets. Besides, the agency also stated that government s seven-part plan to reform PSU banks could be a significant step towards increased transparency, better governance and greater accountability for the sector, provided government interference is minimized. Nikkei Services PMI improves to 51.8 in August Services sector activities improved further in August as new orders received by private firms increased at the fastest rate in five months. The seasonally adjusted Nikkei Services Business Activity Index rose from 50.8 in July to 51.8 in August. As per the survey response, services activity growth was recorded in three of the six monitored categories, namely, Hotels & Restaurants, Post & Telecommunication and Other Services. Even though the manufacturing production softened in August, the seasonally adjusted Nikkei India Composite PMI Output Index rose to a five-month high of 52.6 in August from 52.0 in July, mainly due to a quicker expansion of services activity. While manufacturing new work rose at a weaker pace than in July, growth outpaced that seen at their services counterparts. While increase in activity and new business across the sector accelerated in August, moderations in growth rates were noted at goods producers. New business improvement was led by higher demand coupled with capacity improvements and increased marketing. One day strike cost Rs 25,000 crore to economy: ASSOCHAM Apex industry body ASSOCHAM expressing its disappointment has said that the day long nationwide strike of trade unions impacted normal life in various parts of the country affecting the functioning of services like banking, power supply, oil and gas, transport, warehousing and other services causing seismic effect on the economy and also said such 'disruptive' actions can hit India's image as an attractive business destination. Assocham Secretary General D S Rawat said the financial impact of the disruption of essential services might lead to an estimated loss of over Rs 25,000 crore to the economy, taking into account the direct and indirect losses. Rawat added that the strike is likely to hit industrial activity due to poor workers attendance. Besides, a big jolt would accrue to the export cargo thereby throwing crucial delivery schedule to haywire, with exports being under pressure, such things like strike would give a further setback. He said that the poor daily wage earners whose plight cannot be assessed in monetary terms would be the most affected. Banking services were among the worst hit as 23 public sector banks, 12 private sector banks, 52 regional rural banks and over 13,000 cooperative banks joined the strike. However, staff of SBI, Indian Overseas Bank, ICICI Bank, HDFC Bank and Axis Bank chose to stay away from the strike. This could hamper banking transactions which are crucial for the conduct of business operations especially in areas which are serviced by branch banking operations. Near-term growth prospects remain favourable in India: IMF International Monetary Fund (IMF) in its report Global prospects and policy challenges, meant for the G20 meeting of finance ministers in Ankara has stated that near-term growth prospects remain favourable in India but some macroeconomic imbalances still exist. The report highlighted that, while the faster-than-expected fall in inflation has created space for considering modest cuts in the nominal policy rate, medium-term inflationary pressures and upside risks to inflation remain. The report said that in India, domestic demand is accelerating, underpinned by the large positive terms of trade shock (mostly due to collapsing commodity-import prices),' noting that the outlook for emerging economies has weakened in 2015 relative to last year. With balance sheet strains in the corporate and banking sectors, financial sector regulation in India should be enhanced, provisioning increased, and debt recovery strengthened. IMF report has further stated that in India, the post-election recovery of confidence and lower oil prices offer an opportunity to pursue much-needed structural reforms. It added that in India, which is one of the world's largest commodity importers, growth will benefit from recent policy reforms, a consequent pickup in investment, and lower commodity prices. Source: Reuters, Ace Equity & LKP Research

Tech View CNX Nifty Technical View NA IMPORTANT LEVELS FOR THE DAY Support BSE NSE BANKNIFTY S1 25,546 7751 16317 S2 25,332 7681 16098 Resistance R1 25,891 7864 16672 R2 26,105 7934 16891 Pivot 25,719 7,808 16,494

Tech View PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 ACC 1395 1437 1408 1385 1362 1333 GAIL 295 304 298 293 287 281 ADANIENT 73 78 76 73 71 69 GLENMARK 1062 1142 1100 1066 1033 991 ADANIPORTS 339 352 345 340 335 328 GMRINFRA 11 12 12 11 11 11 ADANIPOWER 22 23 22 22 21 21 GODREJIND 365 376 370 365 360 354 ALBK 80 83 81 80 79 77 GRASIM 3423 3487 3449 3418 3387 3349 AMBUJACEM 218 230 223 217 212 205 HAVELLS 258 270 264 260 255 249 ANDHRABANK 64 67 65 64 63 62 HCLTECH 961 982 969 959 949 937 APOLLOHOSP 1326 1365 1345 1328 1311 1290 HDFC 1172 1228 1189 1158 1127 1088 APOLLOTYRE 172 181 177 173 170 165 HDFCBANK 1010 1030 1018 1008 998 986 ARVIND 264 275 269 264 260 254 HDIL 62 68 64 62 59 56 ASHOKLEY 88 90 89 88 87 85 HEROMOTOCO 2322 2399 2363 2333 2304 2268 ASIANPAINT 827 859 838 822 806 785 HEXAWARE 248 255 251 248 245 241 AUROPHARMA 735 754 744 737 729 719 HINDALCO 77 81 79 77 75 72 AXISBANK 487 510 495 482 469 453 HINDPETRO 799 837 813 793 773 748 BAJAJ-AUTO 2248 2314 2274 2242 2210 2170 HINDUNILVR 834 867 847 830 814 793 BANKBARODA 176 187 180 175 169 162 HINDZINC 133 141 136 132 127 122 BANKINDIA 133 139 136 134 131 128 IBREALEST 65 69 66 64 61 58 BATAINDIA 1029 1082 1057 1037 1018 993 ICICIBANK 267 277 271 266 261 255 BHARATFORG 1129 1165 1146 1131 1116 1097 IDBI 58 61 59 58 57 55 BHARTIARTL 347 352 349 346 343 339 IDEA 149 160 155 151 147 142 BHEL 212 222 216 212 207 201 IDFC 129 132 130 129 127 125 BIOCON 440 450 444 439 434 428 IFCI 20 21 21 20 19 19 BPCL 838 883 861 844 826 804 IGL 466 505 485 468 451 430 CAIRN 149 159 153 147 142 136 INDIACEM 74 77 75 73 71 69 CANBK 266 280 272 266 259 251 INDUSINDBK 849 890 863 841 820 793 CENTURYTEX 537 559 547 538 528 517 INFY 1099 1128 1113 1101 1089 1074 CESC 510 532 519 509 498 485 IOB 34 35 35 34 34 33 CIPLA 656 674 664 657 650 641 IOC 400 414 407 401 394 387 COALINDIA 345 362 353 345 338 329 IRB 224 231 227 224 221 217 COLPAL 1912 1957 1936 1919 1901 1880 ITC 320 329 325 321 318 314 CROMPGREAV 166 177 171 167 162 157 JINDALSTEL 65 68 67 65 64 63 DABUR 285 294 288 283 278 273 JISLJALEQS 58 60 58 57 56 54 DISHTV 106 110 107 105 103 101 JPASSOCIAT 9 10 10 9 9 9 DIVISLAB 2241 2340 2290 2249 2208 2158 JPPOWER 6 6 6 6 6 5 DLF 121 134 125 119 112 103 JSWENERGY 74 80 76 73 70 66 DRREDDY 4209 4310 4261 4221 4182 4132 JSWSTEEL 930 984 950 922 893 859 EXIDEIND 149 154 151 149 147 145 JUBLFOOD 1649 1697 1671 1650 1629 1603 FEDERALBNK 59 61 60 59 59 58 JUSTDIAL 850 902 876 855 834 809

Tech View Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 KOTAKBANK 627 655 636 621 605 586 TATACHEM 394 408 400 393 386 378 KTKBANK 119 122 121 119 118 116 TATACOMM 389 411 397 387 376 363 L&TFH 64 65 64 64 63 62 TATAGLOBAL 124 131 126 123 119 114 LICHSGFIN 423 445 430 418 405 390 TATAMOTORS 334 352 342 333 325 314 LT 1569 1607 1581 1559 1538 1512 TATAMTRDVR 235 266 249 235 221 203 LUPIN 1862 1930 1896 1869 1841 1807 TATAPOWER 60 62 61 60 59 57 M&M 1141 1221 1171 1130 1090 1039 TATASTEEL 230 243 235 228 222 214 M&MFIN 255 279 262 249 235 218 TCS 2606 2653 2623 2599 2575 2545 MARUTI 4143 4284 4191 4115 4040 3946 TECHM 540 574 556 540 525 506 MCDOWELL-N 3263 3369 3316 3272 3229 3176 TITAN 327 336 331 327 322 317 MCLEODRUSS 160 168 162 158 153 148 UBL 874 925 895 871 847 818 MRF 40259 41250 40776 40393 40010 39536 UCOBANK 43 45 44 43 43 42 NHPC 16 17 17 16 16 16 ULTRACEMCO 3004 3162 3056 2970 2884 2778 NMDC 103 107 104 102 100 97 UNIONBANK 162 172 166 162 157 151 NTPC 118 123 120 118 115 112 UNITECH 6 7 6 6 6 6 OFSS 3918 4062 3989 3930 3871 3797 UPL 548 565 554 546 537 526 ONGC 229 236 232 229 226 222 VOLTAS 265 277 269 263 256 248 ORIENTBANK 130 136 133 130 127 124 WIPRO 567 578 570 565 559 552 PETRONET 178 184 180 177 174 170 YESBANK 672 691 679 670 660 648 PFC 220 228 223 219 215 211 ZEEL 368 383 374 367 360 351 PNB 131 136 133 131 129 127 POWERGRID 127 131 129 127 125 123 PTC 58 60 59 58 57 56 RCOM 60 62 61 60 59 58 RECLTD 253 264 256 250 244 236 RELCAPITAL 327 340 332 326 319 311 RELIANCE 854 876 863 853 843 830 RELINFRA 339 351 344 339 334 327 RPOWER 38 39 38 37 37 36 SAIL 49 52 50 48 47 45 SBIN 232 239 236 233 230 227 SIEMENS 1207 1261 1234 1212 1190 1163 SRTRANSFIN 866 896 878 864 849 831 SUNPHARMA 885 918 902 889 876 861 SUNTV 373 401 387 376 365 351 SYNDIBANK 82 85 83 82 81 80

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