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 1-Oct-2015 Indices 30-Sep 29-Sep % Chg. Major Indices 30-Sep 29-Sep % Chg. FII's & DII's in equity Rs.Crs S&P BSE SENSEX 26,155 25,779 1.46% CAC 40 Index 4,455 4,344 2.57% 30-Sep Buy Sell Net S&P CNX NIFTY 7,949 7,843 1.35% DAX Index 9,660 9,450 2.22% FII / FPI Investments 7063 6947 116 S&P BSE MidCap 10,799 10,617 1.71% Dow Jones Industrial Average 16,285 16,049 1.47% DII's Investments 2350 2541-192 S&P BSE SmallCap 11,021 10,904 1.07% FTSE 100 Index 6,062 5,909 2.58% FII's contribution to the total turnover 57% BSE Sectoral Indices Nasdaq Composite Index 4,620 4,517 2.28% DII's contribution to the total turnover 20% S&P BSE METAL 6,834 6,611 3.36% Major Asian Indices 30-Sep 29-Sep % Chg. FII's in Derivatives Rs.Crs S&P BSE FMCG 7,752 7,573 2.36% Hong Kong 20,846 20,557 1.41% 30-Sep Index Fut Index Opt Stock Fut Stock Opt S&P BSE TECk 6,256 6,129 2.07% Nikkei 225 17,388 16,931 2.70% Net -145-120 -111 78 S&P BSE REALTY 1,397 1,369 2.05% Korea 1,963 1,943 1.03% OI 17552 60872 44638 1328 S&P BSE POWER 1,842 1,808 1.88% Shanghai 3,053 3,038 0.48% Chg.OI 1.6% 2.5% 3.0% 23.6% S&P BSE OIL & GAS 8,695 8,536 1.86% Taiwan 8,181 8,132 0.60% FIIs' contribution to the total Derivatives turnover 18% S&P BSE IT 11,578 11,372 1.81% S&P BSE HEALTHCARE17,779 17,480 1.71% Commodities (MCX) 30-Sep 29-Sep % Chg. Curr. Derivatives (NSE) 30-Sep 29-Sep % Chg. S&P BSE CAPITAL GOODS 15,111 14,896 1.45% Aluminium (30OCT2015) 102 103-0.19% USDINR 28-OCT-2015 65.90 66.30-0.61% S&P BSE AUTO 17,391 17,144 1.44% Copper(30NOV2015) 343 333 2.91% EURINR 28-OCT-2015 73.90 74.44-0.74% S&P BSE PSU 6,695 6,614 1.21% Crude (19OCT2015) 2,979 3,026-1.55% JPYINR 28-OCT-2015 54.78 55.29-0.92% S&P BSE CONSUMER DURABLES 10,810 10,760 0.46% Gold (5OCT2015) 25,856 26,243-1.47% DJIA (16-OCT-2015) 16185 16003 1.14% S&P BSE BANKEX 19,682 19,769-0.44% Silver (4DEC2015) 34,547 34,955-1.17% S&P500 (16-OCT-2015) 1902 1884 0.96% Company LTP Chg % Chg Company LTP Chg % Chg CAIRN 154 9 6.4 BANKBARODA 183-4 -2.1 IDEA 148 9 6.2 TECHM 559-11 -1.9 TATASTEEL 214 13 6.2 SBIN 238-4 -1.6 GAIL 305 14 4.9 TECHM 559-11 -1.9 BHARTIARTL 338 15 4.7 BANKBARODA 183-4 -2.1 Company LTP Chg % Chg Company LTP Chg % Chg IDEA 149 10 7.2 IDBI 79-3 -3.2 RCOM 68 4 6.3 UNIONBANK 175-5 -2.8 JSWSTEEL 888 48 5.7 TECHM 558-13 -2.3 CAIRN 153 8 5.7 SRTRANSFIN 915-21 -2.2 TATASTEEL 212 11 5.2 SBIN 237-5 -2.0 Company LTP Chg % Chg Company LTP Chg % Chg WOCKPHARMA 1526 104 7.3 IDBI 79-3 -3.2 JSWENERGY 94 6 7.0 UNIONBANK 175-5 -2.8 CONCOR 1488 97 7.0 SRTRANSFIN 915-21 -2.2 TORNTPHARM 1500 95 6.8 ORIENTBANK 130-3 -2.1 IBULHSGFIN 792 48 6.4 BANKINDIA 136-2 -1.7 Company LTP Chg % Chg Company LTP Chg % Chg LITL 5 1 19.3 BLUESTINFO 231-58 -20.0 TAKE 156 19 14.1 RCF 48-3 -5.5 DICIND 639 79 14.1 GOLDLINE 156-8 -5.0 TVTODAY 275 34 13.9 CASTEXTECH 22-1 -5.0 SHAKTIPUMP 140 16 13.3 SHRENUJ 37-2 -4.9 Domestic Market View Markets to make a positive start on supportive global cues The Indian markets rallied in last session, extending the jubilation of more than expected cut in key policy rates by RBI. Today, the start is likely to be in green on supportive global cues; however there will be some cautiousness in the markets as the growth in the key core sector remained sluggish, the eight core sectors grew at an annual 2.6% in August, much slower than the 5.9% expansion in year-ago period. Also, the rating agency Fitch Ratings has lowered India s GDP growth estimate for the current fiscal to 7.5 percent from 7.8 percent on average monsoon but said the country is poised to grow at 8 percent next fiscal on reform push. Traders will also be concerned with the monsoon season ending on Wednesday with a 14% deficit, making it the weakest monsoon since 2009. In terms of average countrywide rainfall during the season (June-September), this year was the third lowest since 1979. Meanwhile, RBI governor Raghuram Rajan describing Prime Minister Narendra Modi as being ahead of us said that his visits abroad need to be backed up with action on the ground to reinforce the good impression that is created. There will be some somberness in the whole IT pack after HCL Technologies, India's fourth-largest information technology services company, forecasted tepid revenue growth for its July-September quarter as it weathers the impact of fluctuating currencies, a client specific issue and uneven revenue growth.
Domestic Market Overview Benchmarks extend previous session s jubilation; Sensex recaptures 26,100 mark Wednesday s session turned out to be a fabulous day of trade for the Indian equity markets, where frontline gauges, extending their previous session s jubilation, garnered gains of around one and a half percent as investors continued to cheer bigger than expected repo rate cut of 50 bps for second day in a row. The central bank has also hiked limit for FPI investment in government bonds to 5 per cent of the outstanding stock by March, 2018, a move that will bring in an additional Rs. 1.2 lakh crore in G-Sec. Traders also got encouragement with report that India has become the top destination for FDI in the world. With $31 billion of foreign capital inflows, India has surpassed China and the US to take the pole position in attracting largest FDI in the first half of 2015. Some support also came after the Chief Economic Advisor Arvind Subramanian said that the government is committed to contribute its share by adhering to its fiscal deficit target so that inflationary pressures remain under control. Sentiments remained up-beat since start as key bourses made a gap-up opening 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 their hunt for fundamentally strong stocks. Frontline indices not only extended their rally for second straight session but also ended near intraday high levels, with Sensex recapturing their 26,100 marks, while Nifty ended just shy of 7,950 mark. Buying in metal counter aided sentiments as commodity prices edged higher overnight. Stocks related to steel counter too remained on buyers radar on reports that the domestic steel producers are expected to take advantage of the hike in safeguard duty and increase prices by up to Rs 1,500 per tonne. Global Market Overview Asian markets rally on Wednesday The Asian equity markets ended in green on Wednesday after sliding to three and a half year lows the previous day on concerns over a weak outlook for commodities amid slowing economic growth in China. Buying in Japanese market mainly led gains in Asian region with a weaker yen and windowdressing buying at the end of the first half of fiscal 2015 underpinning investor sentiment. Market participants also remained hopeful for more monetary and fiscal stimulus from Japan after the latest data showed that industrial output fell unexpectedly for the second straight month in August and retail sales showed no improvement from a month ago, while housing starts increased for the sixth consecutive month in August, offering some respite to investors worried about deflation and sluggish growth. US markets closed higher on Wednesday The US markets closed higher on Wednesday, on the final day of the third quarter, but the main indexes still ended the month and a quarter with steep losses. On the economy front, buoyed by strong consumer spending and steady home sales, businesses in the United States added jobs at a healthy pace in September. Employers added 200,000 jobs this month, the payroll processor ADP reported, up from 180,000 in the previous month. The job total for August was revised lower. Americans are spending more freely and buying big-ticket items like new cars and homes. That is countering weak economies overseas and the strong dollar, which are cutting into exports. The ADP survey covers only private businesses and frequently diverges from the official figures. The government will issue its official jobs report for September on Friday. However, a measure of Chicago-area manufacturing dropped sharply into contraction territory in September. The Chicago PMI fell to 48.7 in September from 54.4 in August, on a scale where readings below 50 indicate deteriorating activity. The production growth collapsed and new orders fell sharply.
Index Futures (OI in '000 Shares) Future Chg Spot Chg Prem / Total Open Interest 30-Sep (%) 30-Sep (%) Disc 30-Sep Chg (%) NIFTY 7,980 1.33 7,949 1.35 31.5 19,794-0.2 CNXIT 12,056 1.32 12,032 1.42 23.9 10 2.1 BANKNIFTY 17,319-0.93 17,216-0.38 103.0 2,680 2.5 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 / 30-Sep % Chg. 30-Sep % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc GODREJIND 2,478 27% 145,555 38% 31% 85,466 348 336 0.9% -0.4% -11.8 IGL 1,150 17% 313,094 21% 57% 214,963 477 481 3.8% 3.7% 3.7 PETRONET 3,929 16% 393,901 44% 20% 315,228 179 178 1.2% 0.6% -1.0 BEML 70 16% 45,162 22% 21% 3,903 1243 1250 2.7% 2.9% 7.6 DHFL 5,309 13% 1,747,352 54% 41% 198,578 220 222 2.3% 2.4% 1.6 CADILAHC 139 13% 138,384 59% 52% 23,573 2092 2106 1.4% 1.3% 14.8 JSWENERGY 5,408 13% 1,077,282 21% 15% 620,317 94 95 7.0% 7.0% 0.3 IBULHSGFIN 4,800 11% 2,414,342 63% 47% 469,008 794 791 6.4% 6.2% -2.6 CEATLTD 1,495 10% 151,028 19% 10% 95,036 1282 1284 1.5% 1.7% 2.3 RCOM 39,680 9% 7,043,279 29% 25% 5,039,414 68 68 6.7% 6.1% 0.3 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 / 30-Sep % Chg. 30-Sep % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc DISHTV 40,751 62% 42,648,165 43% 34% 41,451,643 106 107-3.3% -3.6% 0.5 UNIONBANK 10,291 13% 1,482,590 27% 12% 268,299 175 175-2.6% -3.3% 0.1 ULTRACEMCO 1,290 10% 470,801 61% 52% 259,547 2673 2692-0.8% -1.4% 18.3 VEDL 43,738 8% 10,546,234 49% 30% 6,016,835 85 85-1.6% -1.7% 0.6 TITAN 9,757 7% 469,938 62% 47% 176,630 318 316-1.1% -1.7% -2.1 APOLLOTYRE 7,985 6% 1,082,063 45% 26% 534,048 180 181-1.0% -1.2% 1.4 TECHM 9,319 6% 2,062,260 71% 48% 1,162,688 557 561-1.8% -2.3% 3.9 MOTHERSUMI 10,484 6% 3,056,284 42% 33% 759,424 230 232-1.5% -1.3% 1.7 SBIN 57,496 5% 6,348,095 34% 21% 491,829 237 239-1.8% -1.9% 1.7 SRF 963 2% 57,750 34% 34% 15,712 1124 1131-0.3% -0.5% 7.2 Open Interest Break-up (Rs. in Cr.) 30-Sep 29-Sep Change in OI % Chg INDEX FUTURES 20,510 20,249 261 1.29 INDEX OPTIONS 101,646 99,629 2,017 2.02 TOTAL INDEX 122,156 119,878 2,278 1.90 STOCK FUTURES 56,105 54,214 1,891 3.49 STOCK OPTIONS 9,434 8,108 1,326 16.36 TOTAL STOCKS 65,539 62,322 3,217 5.16 GRAND TOTAL 187,695 182,200 5,495 3.02 FII's 124,389 121,051 3338 2.76 Others 63,306 61,149 2157 3.53
Corporate News MEP Infrastructure Developers has been awarded by the National Highways Authority of India ('NHAI') the rights for Collection of user fee through Fee Collecting Agency on the basis of competitive bidding through (e-tender) for Surajbari Toll Plaza at Km 286.655 of Garamore-Samakhiyali Section of NH-8A from Km 254.537 to Km 307.034 in the State of Gujarat. The Company has received the Letter of Acceptance (LOA) on September 30, 2015 from NHAI. Hexaware Technologies, a leading global provider of IT, BPO and consulting services has entered into partnership with MuleSoft, the company that makes it easy to connect applications, data and devices, to provide consulting and services for the MuleSoft Anypoint Platform. The platform is a complete solution for Application Programming Interface (API) led connectivity that integrates applications and data both on-premises and in the cloud, unleashing the value of that data through the design, implementation and management of APIs. Tata Communications and MasterCard are planning to financially empower 25,000 women in the developing world, part of a larger vision to ultimately reach 100 million women. The global telecommunications leader and the leader in global payments technology join forces with a unique network of partners including Brightstar Corp, Kiva, Tone, Trickle Up and the Hidary Foundation to bring their shared vision to life over the next five years through access to transformative mobile platforms comprising a range of financial, health and education applications and services. In developing countries 200 million fewer women than men are online, and 300 million fewer women own a mobile phone. Axis Bank has implemented a state-of-the-art enterprise payments hub (EPH) on a modern architecture powered by TCS BaNCS. EPH solution is built with TCS BaNCS solution for payments processing engine, branch channel and corporate service channels. Axis Bank s vision was to create new levels of customer service by delivering both innovation and efficiency. UltraTech Cement has commissioned a cement grinding unit with a capacity of 1.6 million TPA at Dankuni, in the state of West Bengal. Earlier, the company had commissioned a cement grinding unit with a capacity of 1.6 million TPA at Jhajjar, Haryana. Hindustan Petroleum Corporation (HPCL) has received its board's approval for implementation of Mumbai refinery capacity expansion from 7.5 MMTPA to 9.5 MMTPA - Phase I (Capacity Expansion) with a scheduled completion of 36 months from the date of Environmental Clearance, at an estimated total cost of about Rs 4200 crore. HCL Services, a subsidiary of HCL Infosystems has partnered with Karbonn to launch 'GoLife', a new mobile application for its feature phone range. The application is designed to inform, involve and empower the rural and semi urban population of India. Sterlite Technologies (Sterlite) has completed the 100% acquisition of Elitecore Technologies (Elitecore), a global telecom software product company from First Carlyle Ventures Mauritius (whose affiliate is advised by The Carlyle Group) and other shareholders. The acquisition has been completed in accordance with the terms set out in the agreement announced on September 22, 2015. Going forward, Elitecore is proposed to be merged into Sterlite. Patidar Buildcon has entered into Partnership with Seventh Trade Zone with effect from September 25, 2015 with 25% contribution in the capital of the firm to enlarge the area of operation in the sector in which it operates. Siemens has won an order approximately worth Rs 79 crore from Suzlon Energy. The scope of work for the project includes supply of Winergy brand Gear Boxes of 2.1MW capacity for wind turbines. NDTV Convergence the digital arm of NDTV group which owns and operates the flagship portal www.ndtv.com and all other digital properties of the Group, has signed one of the largest deals in new media space with Taboola to power content recommendations across their entire network of desktop and mobile sites. The deal is estimated to be worth Rs 90-100 crore for NDTV over the course of the agreement based on traffic projections across Web and Mobile. Inox Wind has bagged an order for a 50 MW wind power project at Rojmal, in the state of Gujarat from Gujarat Mineral Development Corporation (GMDC). As part of the turnkey order, Inox will supply and install 25 units of its advanced 2MW DFIG 100
rotor dia Wind Turbine Generators (WTGs) for GMDC. The 100 rotor dia WTG has one of the highest swept areas, that makes it ideally suited to maximise returns, especially in low wind areas. Ashok Leyland has cumulatively sold 18,00,000 equity shares of Rs10 each held in Induslnd Bank in the open market during the period between September 25-29, 2015. The company has sold these shares at a net price of Rs 918.76 per share. Steel Strips Wheels (SSWL) has bagged an export order for supply of Truck/Trailer Steel wheels to the EU after market. Total order value would be about $240,000 for supplying around 6,000 wheels in a period of one year. This order is expected to increase in coming months. The wheels will be supplied from the company's Jamshedpur plant. Larsen & Toubro s (L&T) subsidiary -- L&T Construction's Power Transmission & Distribution Business has won orders worth Rs 1376 crore in both the domestic and international markets in September 2015. The state-owned Iron ore mining major NMDC is reportedly planning to set up a small gold refinery in Tanzania next year. The company is likely to invest about $ 50 million in the development of these gold mines. Furthermore, the company is planning to invest Rs 40,000 crore in the next eight years to reach a target of 100 million tonnes per annum of iron ore production from the current levels of little over 30 MTPA. Godrej Properties, the real estate development arm of the Godrej Group, has sold 435,000 sq. ft. of saleable area at its commercial project, Godrej BKC in Bandra-Kurla Complex (BKC), Mumbai. Global rating agency Standard & Poor's Ratings (S&P) has revised outlook on Tata Motors from positive to stable. The rating agency has downgraded the outlook as demand slowdown in China and continuing capital expenditure at Jaguar Land Rover Automotive Plc (JLR) are expected to result in negative free operating cash flows and weaker financial ratios for the company in fiscal 2016. Idea Cellular, one of the biggest cellular carrier of the country, has received its shareholders approval to raise up to Rs 10000 crore through issue of non-convertible securities on private placement basis in one or more tranches. The company's shareholders also approved other ordinary businesses like declaring dividend and appointment of director, among others. Multiplex operator PVR has received its shareholders approval to raise Rs 500 crore through issuance of non-convertible debentures (NCDs) on private placement basis. The company s board had last year approved plan to raise Rs 500 crore through qualified institutional placement (QIP). In a bid to reduce its debts, Jaiprakash Associates is planning to sell its wind power plants of 49 MW (40.25 MW in Maharashtra and 8.75 MW in Gujarat) aggregate capacity. In this regard, the company s board will meet on September 30, 2015. Syndicate Bank, a state-run bank, has finalized the issue of unsecured redeemable non-convertible Basel III Compliant Tier II Bonds in the nature of debentures aggregating to Rs 1000 crore. The issue, which opened on September 24 and closed on September 28, carries a coupon rate of 8.58% per annum. The issue has been fully subscribed. The maturity date of the bonds is as on September 28, 2025. The debentures have been issued via private placement. Manulife Global Fund Asian Small Cap Equity Fund (MLAS) has sold 2.12 lakh shares of BF Utilities through the open market route. The shares were sold on an average price of Rs 468.64 valuing the transaction to Rs 9.94 crore Autoline Industries has received its board approval to set up new manufacturing facility at Chennai on rental premises. The Commercial operations of this new unit will commence by end of December, 2015 tentatively to meet the requirement of existing valuable customers. The company s board gave approval for the same at their meeting held on September 29, 2015. Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries (RIL), has raised Rs 3,500 crore by issuing non-convertible debentures (NCDs) through private placement. The redemption date for 5-year debentures is January 21, 2020 and for 10-year debentures is January 21, 2025.
Asian Oilfield Services has been awarded the contract for 2D seismic data acquisition and basic processing at Tripura from Jubilant Oil & Gas (JOGPL) with GAIL as Block Partner for an estimated contract value of Rs 13 crore (excluding Service Tax) against Tender no. JOGPL/731/15-16/TD/01. Mobilization for this contract will start shortly. NTPC has selected Thriveni- Sainik JV as Mine Developer cum Operator (MDO) for Pakri Barwadih Coal Mining Project (PB CMP) for a period of 27 years of mining operation. Peak annual production of the PB CMP will be 15 Million MT. San Francisco-based IT consulting company Infogain will acquire the IT operations of Blue star Infotech (BSIL), to bolster its digital offerings in areas including cloud, mobility, SAP and analytics. The aggregate consideration for the IT business of BSIL and its subsidiaries in USA, UK and Singapore under the transaction will be Rs 180.80 crores, payable upon completion of the sale. In addition, BSIL would retain a real estate undertaking, a certain amount of cash and tax receivables. The fair value of these net assets to be retained by BSIL is expected to be around Rs 96.7 crores. The sale transaction is subject to the approval of shareholders of BSIL Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs) to buy up to 49% stake in Eveready Industries under the Portfolio Investment Scheme. The FII limit in the company was 16.29% earlier. Sun Pharmaceutical Industries has commenced a tender offer through its indirect wholly owned subsidiary, Thea Acquisition Corporation, for all of the outstanding shares of common stock (the Shares ) of InSite Vision Incorporated for $0.35 per share in cash, without interest and less any required withholding taxes. Cambridge Technology Enterprises (CTE), an IT services leader focused on the convergence of big data and cloud, has entered into agreement with Kaya Dental LLC, to re-engineer and maintain their e-commerce website on Magento platform. During this three year engagement, CTE will bring in its expertise in ecommerce, especially in the Magento platform to assist Kaya Dental in achieving its business and philanthropic objectives. Vivimed Labs, a niche Specialty Chemicals and Pharmaceuticals Company, has signed a definitive agreement for the transfer and sale of identified products along with their associated trademarks and assets within the Speciality Chemicals division, subject to requisite regulatory, statutory and shareholders' approvals. As part of this transaction, the Company will divest certain products within its specialty chemicals portfolio to Clariant Chemicals (India), a subsidiary of world's leading speciality chemical company,clariant AG of Switzerland. The transaction values the identified product lines at an enterprise value of Rs 380 crore. Tata Communications, a leading provider of A New World of Communications, has teamed up with Microsoft Corp. to connect businesses to Office 365, enabling them to boost employee productivity and streamline business processes with cloud-based communication and collaboration. National Mineral Development Corporation (NMDC) is planning to deploy a capital expenditure of Rs. 3,600 crore this year and Rs. 4,000 crore next fiscal, as part of its long-term plans to invest Rs. 40,000 crore for expansion and diversification by 2022..Economy Govt efforts to attract FDI paying off: Finance Minister Finance Minister Arun Jaitley has said that the government efforts are paying off as India has become the highest FDI destination for greenfield projects after the report published in Financial Times, London, titled 'India grabs investment league pole position'. The report stated that the India with $31 billion of foreign capital inflows, has surpassed China having $28 billion and the US $27 billion to take the pole position in attracting largest FDI in the first half of 2015. India ranked fifth last fiscal in terms of capital investment after China, the US, the UK and Mexico. India is tracking well ahead of where it was at this time last fiscal: it has more than doubled its midyear investment levels, attracting $30 billion in the first half of 2015 compared with $12 billion same period last fiscal. In a year when many major FDI destinations posted declines, India experienced one of 2014's best FDI growth rates, increasing its number of projects by 47 per cent.
The government has relaxed FDI norms in many sectors, including multi-brand retail, telecom and defence. Besides, speedy approvals for businesses have been put in place. India moves up the ladder, ranks 55th on global competitiveness index of WEF India has jumped 16 places and ranked at 55th position among 140 economies ending five years of decline in this year s Global Competitiveness Index of World Economic Forum (WEF). But, despite this massive jump, India still ranks seven notches lower than it did in 2007 as per Global Competitiveness report by WEF. Report stated that the jump in India's position underlines the country's recent economic recovery, improvement in the competitiveness of the country's institutions and its macroeconomic environment and a slight improvement in infrastructure. An important indicator of the economy showing signs of revival is improvement noted in terms of competitiveness of India s institutions, ranked 60th out of total 140 countries up 10 positions from last year. India's competitiveness has also been helped by a slight improvement in infrastructure where it has gained six places to 81 and its macroeconomic environment where India is ranked 91st, helped by a reduction in commodity prices and improvement in the government's budget deficit. The government budget deficit has gradually dropped since its 2008 peak, although it still amounted to 7 percent of GDP in the last fiscal, one of the world's highest (131st). The fact that the most notable improvements are in the basic drivers of competitiveness bodes well for the future, especially the development of the manufacturing sector. Besides, the areas where India ranks better were investor protection, gross national savings, quality of education system, venture capital availability, hiring and firing practices, GDP and domestic market size, public trust in politicians and burden of government regulation. Govt approves 18 FDI proposals worth Rs 5,000 crore Government has approved 18 foreign direct investment (FDI) proposals amounting Rs 5,000 crore including Aegon Religare Life Insurance and Aditya Birla Nuvo on the recommendation of Foreign Investment Promotion Board (FIPB) which is headed by Economic Affairs Secretary Shaktikanta Das. The proposal of Aegon Religare Life Insurance, worth about Rs 560 crore was approved for increasing foreign partner stake in the joint venture. Out of a total of 31 proposals made by for foreign investments, only 18 were accepted as some proposals were rejected due to non-compliance of foreign investment policy. Besides, FIPB also cleared FDI proposals of Sun Pharma Advanced Research, HDFC Capital Advisors and International Trade and Exhibitions India. However, five proposals were deferred including Reliance Globalcom. Meanwhile, 8 proposals were rejected including pharma firm Cipla which was rejected due to lack of required information. Also, the investment plans of Apollo Hospitals were rejected as it did not comply with the foreign investment policy. India allows FDI in most of the sectors through automatic route but in certain segments considered sensitive for the economy and security the proposals have to be first cleared by FIPB. According to the data of Department of Industrial Policy and Promotion (DIPP), FDI inflows in August have registered an increase of 74% as compared to that of same period last fiscal. During 2014-15 fiscal, FDI grew 27 percent year-on- year to $30.93 billion compared to that of $24.29 billion in 2013-14. RBI survey expect inflation to remain unchanged in double digits for the next quarter Reserve Bank of India (RBI) after surprising everyone with more generous policy rate cuts of 50 basis points, released the results of different forward-looking surveys. The Inflation Expectations Survey of Households for September 2015 (41st round), which captures the inflation expectations of 4,903 urban households across 16 cities, for the next three-month period and the next oneyear period, expect inflation to remain unchanged in double digits for the next three months, with many believing that inflation may even fall. Households expect inflation to be 10.5 percent in the next three months, up from 10.1 percent in the previous survey. The proportion of respondents expecting prices to rise by 'more than the current rate' for prices in general as well as those in various product groups decreased nominally compared with the previous round of survey. The survey showed that retired persons, selfemployed, housewives and daily workers have comparatively higher inflation expectations for three-month ahead period based on median inflation rates. Source: Reuters, Ace Equity & LKP Research
Tech View CNX Nifty Technical View As mentioned in earlier report, Nifty was seen continuing upside and closed near high point of the day above crucial resistance of 7880-7900. The momentum is likely to continue till 8050 level where next set of resistances are placed and if this level is crossed then a swift move till 8200 can be seen. The immediate supports are seen near 7850 levels. The market breadth as well as sector participation witnessed some improvement which is likely to aid the momentum in Nifty in coming days. Nifty is expected to open on positive note and may test 8000 levels which if held can lead to further upside till 8040-8060 levels. IMPORTANT LEVELS FOR THE DAY Support BSE NSE BANKNIFTY S1 25,923 7876 17039 S2 25,723 7812 16772 Resistance R1 26,246 7978 17472 R2 26,446 8042 17739 Pivot 26,084 7,927 17,255
Tech View PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 ACC 1347 1384 1361 1342 1323 1300 GAIL 302 336 316 300 284 264 ADANIENT 81 84 82 80 79 76 GLENMARK 1049 1101 1066 1037 1008 973 ADANIPORTS 299 312 305 299 293 286 GMRINFRA 14 14 14 14 13 13 ADANIPOWER 25 26 25 25 24 24 GODREJIND 348 363 355 348 341 332 ALBK 77 80 78 77 76 74 GRASIM 3518 3649 3566 3499 3432 3349 AMBUJACEM 206 209 207 205 204 201 HAVELLS 252 258 254 251 248 245 ANDHRABANK 67 70 69 67 66 64 HCLTECH 982 1025 997 975 953 926 APOLLOHOSP 1442 1496 1463 1436 1409 1376 HDFC 1213 1279 1246 1219 1192 1159 APOLLOTYRE 180 191 186 181 176 171 HDFCBANK 1069 1084 1075 1068 1061 1052 ARVIND 279 299 289 281 272 262 HDIL 74 80 76 74 71 68 ASHOKLEY 92 94 93 92 91 90 HEROMOTOCO 2395 2506 2432 2371 2311 2236 ASIANPAINT 842 883 854 831 809 780 HEXAWARE 248 257 251 246 241 235 AUROPHARMA 769 789 775 764 753 739 HINDALCO 71 74 72 70 69 67 AXISBANK 496 525 510 499 488 473 HINDPETRO 774 807 790 776 762 745 BAJAJ-AUTO 2312 2393 2339 2295 2252 2198 HINDUNILVR 815 849 826 807 787 764 BANKBARODA 183 196 190 185 180 174 HINDZINC 140 147 142 139 135 131 BANKINDIA 136 147 141 137 132 127 IBREALEST 64 69 66 64 62 59 BATAINDIA 1078 1125 1096 1072 1049 1019 ICICIBANK 270 279 274 269 265 260 BHARATFORG 908 935 920 908 895 880 IDBI 79 87 83 80 76 72 BHARTIARTL 338 353 342 334 325 315 IDEA 150 160 153 147 141 133 BHEL 206 215 209 203 198 192 IDFC 141 150 145 141 136 131 BIOCON 445 457 449 443 437 429 IFCI 22 22 22 22 21 21 BPCL 851 872 861 852 843 832 IGL 477 532 502 479 455 426 CAIRN 153 165 157 151 145 138 INDIACEM 78 81 79 78 76 75 CANBK 280 294 287 281 275 268 INDUSINDBK 942 972 958 947 935 921 CENTURYTEX 518 533 524 516 509 500 INFY 1162 1212 1179 1152 1126 1093 CESC 517 535 526 518 511 502 IOB 36 38 37 36 35 34 CIPLA 636 648 641 636 630 624 IOC 402 412 406 401 396 390 COALINDIA 328 342 332 324 316 306 IRB 237 250 241 234 227 219 COLPAL 962 985 969 956 944 928 ITC 329 340 332 326 320 313 CROMPGREAV 171 180 175 171 167 162 JINDALSTEL 61 63 62 60 59 58 DABUR 276 281 278 276 274 272 JISLJALEQS 64 68 66 63 61 58 DISHTV 106 111 109 107 105 102 JPASSOCIAT 11 12 12 11 11 11 DIVISLAB 1115 1144 1129 1116 1104 1088 JPPOWER 7 7 7 7 7 7 DLF 137 142 139 137 135 132 JSWENERGY 94 101 96 93 89 84 DRREDDY 4162 4305 4217 4146 4075 3987 JSWSTEEL 889 938 905 879 852 820 EXIDEIND 156 162 158 155 153 149 JUBLFOOD 1601 1655 1627 1604 1581 1553 FEDERALBNK 64 67 65 64 63 62 JUSTDIAL 984 1026 999 977 955 928
Tech View Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 KOTAKBANK 648 671 659 649 640 628 TATACHEM 382 401 389 379 370 358 KTKBANK 127 131 128 127 125 122 TATACOMM 414 436 421 409 397 382 L&TFH 67 69 68 67 66 64 TATAGLOBAL 128 132 130 128 126 124 LICHSGFIN 471 489 477 467 456 444 TATAMOTORS 299 312 303 295 288 279 LT 1466 1492 1475 1461 1447 1429 TATAMTRDVR 216 225 220 215 211 206 LUPIN 2034 2085 2058 2036 2015 1988 TATAPOWER 65 69 67 66 64 62 M&M 1264 1292 1274 1259 1245 1227 TATASTEEL 213 223 216 211 205 199 M&MFIN 239 248 242 237 232 226 TCS 2588 2701 2646 2601 2556 2500 MARUTI 4686 4849 4768 4702 4637 4556 TECHM 557 593 576 562 548 531 MCDOWELL-N 3094 3253 3176 3115 3053 2977 TITAN 318 331 325 320 315 308 MCLEODRUSS 154 159 156 153 151 148 UBL 882 931 900 875 850 819 MRF 41936 42662 42254 41924 41594 41186 UCOBANK 46 49 48 47 45 44 NHPC 17 17 17 17 16 16 ULTRACEMCO 2673 2812 2744 2689 2634 2566 NMDC 93 96 94 93 92 90 UNIONBANK 175 190 183 177 172 165 NTPC 124 128 125 123 121 118 UNITECH 6 6 6 6 6 6 OFSS 3946 4055 3978 3915 3852 3774 UPL 458 479 466 455 443 430 ONGC 229 239 233 227 222 215 VOLTAS 268 281 272 266 259 251 ORIENTBANK 130 140 135 132 128 123 WIPRO 598 606 601 596 592 587 PETRONET 179 187 182 179 175 170 YESBANK 730 779 755 736 717 693 PFC 230 236 233 230 228 224 ZEEL 392 403 397 392 387 382 PNB 133 141 137 134 131 127 POWERGRID 132 137 134 131 128 125 PTC 60 62 61 60 59 58 RCOM 68 73 70 67 64 60 RECLTD 274 287 278 271 264 255 RELCAPITAL 376 392 381 372 364 353 RELIANCE 862 892 871 855 839 819 RELINFRA 348 362 355 349 343 336 RPOWER 43 44 44 43 42 42 SAIL 51 53 52 51 51 50 SBIN 237 253 245 239 233 226 SIEMENS 1326 1378 1344 1317 1290 1256 SRTRANSFIN 925 980 950 925 900 870 SUNPHARMA 868 885 875 866 858 847 SUNTV 359 372 365 359 354 347 SYNDIBANK 82 87 85 83 81 79
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