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 19-Nov-2015 Indices 18-Nov 17-Nov % Chg. Major Indices 18-Nov 17-Nov % Chg. FII's & DII's in equity Rs.Crs S&P BSE SENSEX 25,483 25,864-1.48% CAC 40 Index 4,907 4,937-0.62% 18-Nov Buy Sell Net S&P CNX NIFTY 7,732 7,838-1.35% DAX Index 10,960 10,971-0.10% FII / FPI Investments 2981 3749-768 S&P BSE MidCap 10,638 10,711-0.68% Dow Jones Industrial Average 17,737 17,490 1.42% DII's Investments 1598 839 759 S&P BSE SmallCap 11,154 11,233-0.71% FTSE 100 Index 6,279 6,269 0.16% FII's contribution to the total turnover 39% BSE Sectoral Indices Nasdaq Composite Index 5,075 4,986 1.79% DII's contribution to the total turnover 14% S&P BSE CONSUMER DURABLES 12,014 11,983 0.26% Major Asian Indices 18-Nov 17-Nov % Chg. FII's in Derivatives Rs.Crs S&P BSE OIL & GAS 8,821 8,838-0.19% Hong Kong 22,188 22,264-0.34% 18-Nov Index Fut Index Opt Stock Fut Stock Opt S&P BSE FMCG 7,962 7,979-0.22% Nikkei 225 19,649 19,631 0.09% Net 139-73 254-113 S&P BSE POWER 1,854 1,862-0.42% Korea 1,963 1,964-0.04% OI 16751 75025 47516 4083 S&P BSE HEALTHCARE16,454 16,554-0.61% Shanghai 3,568 3,605-1.01% Chg.OI 2.8% -0.3% -1.2% 1.6% S&P BSE CAPITAL GOODS 14,239 14,336-0.68% Taiwan 8,340 8,419-0.94% FIIs' contribution to the total Derivatives turnover 26% S&P BSE PSU 6,673 6,729-0.83% S&P BSE AUTO 18,297 18,452-0.84% Commodities (MCX) 18-Nov 17-Nov % Chg. Curr. Derivatives (NSE) 18-Nov 17-Nov % Chg. S&P BSE REALTY 1,278 1,290-0.96% Aluminium (30NOV2015) 97 97 0.00% USDINR 26-NOV-2015 66.41 66.17 0.37% S&P BSE METAL 7,043 7,153-1.53% Copper(30NOV2015) 305 308-0.99% EURINR 26-NOV-2015 70.87 70.65 0.31% S&P BSE TECk 5,725 5,830-1.81% Crude (18DEC201) 2,777 2,793-0.57% JPYINR 26-NOV-2015 53.82 53.67 0.28% S&P BSE BANKEX 19,220 19,603-1.95% Gold (4DEC2015) 25,094 25,028 0.26% DJIA (20-NOV-2015) 17445 17518-0.41% S&P BSE IT 10,534 10,781-2.29% Silver (4DEC2015) 33,562 33,707-0.43% S&P500 (20-NOV-2015) 2049 2058-0.44% Y Company LTP Chg % Chg Company LTP Chg % Chg IDEA 135 4 3.4 HINDALCO 76-4 -5.4 ASIANPAINT 821 13 1.6 INFY 1020-41 -3.9 GAIL 311 5 1.6 TATASTEEL 226-9 -3.8 BPCL 887 11 1.2 INFY 1020-41 -3.9 COALINDIA 334 2 0.5 HINDALCO 76-4 -5.4 Company LTP Chg % Chg Company LTP Chg % Chg MHLXMIRU 48 8 20.0 HINDALCO 77-4 -5.1 ADVANIHOTR 54 9 20.0 HINDZINC 140-7 -4.9 MNKCMILTD 5 0.8 20.0 DLF 107-5 -4.6 WEPSOLN 27 4 19.9 IDBI 83-4 -4.1 PRERINFRA 24 4 19.9 PFC 211-9 -3.9 Company LTP Chg % Chg Company LTP Chg % Chg GMRINFRA 14 1 7.2 IDBI 83-3.6-4.1 MARICO 418 17 4.2 BHARATFORG 844-34 -3.9 HAVELLS 263 6 2.5 ORIENTBANK 146-5 -3.6 PAGEIND 12675 296 2.4 RELCAPITAL 393-13 -3.2 ALSTOMT&D 496 11 2.2 BLUEDART 6725-212 -3.1 Company LTP Chg % Chg Company LTP Chg % Chg BALRAMCHIN 83 11 14.6 ANUHPHR 283-28 -8.9 SPICEJET 53 5 9.5 ALICON 315-27 -7.9 DBREALTY 54 5 9.3 CENTUM 596-46 -7.2 SUBEX 11 1 8.7 JSL 56-4 -6.3 RENUKA 17 1 8.5 ZENTEC 80-5 -6.1 Domestic Market View Markets to get a strong rebound on good global cues The Indian markets suffered sharp sell-off in the last session on global concern and the benchmarks slipped below their crucial psychological levels. Today, the start is likely to be strong and the markets will witness recovery tailing the good global cues. Traders after overlooking the spate of policy change announcements of last session will be taking their move after deliberating on them. The Cabinet Committee on Economic Affairs (CCEA) has approved a 10 per cent stake sale in Coal India, an initial public offering at Cochin Shipyard and a fiveyear interest subsidy scheme to boost sagging exports. CCEA also empowered the National Highways Authority of India (NHAI) to revive 34 stalled projects. Export oriented stocks will especially be in action as the government has announced 3 per cent interest subsidy scheme for exporters. Traders will also be getting some support with, Chief Economic Adviser Arvind Subramanian s statement that inflation is completely under control and it is well within the target of the Reserve Bank. Traders will be eyeing the report of 7th Pay Commission which is scheduled to be announced today and is likely to recommend a 22-23 percent jump in the salary and allowances of the central government employees. The recommendations of the 7th Pay Commission are scheduled to take effect from January 1, 2016. The sugar sector stocks will continue their jubilation after the government decided to give a production-linked subsidy directly to cane growers. The government will pay sugarcane growers Rs 4.50 per quintal for the cane they will sell to loss-making millers.
Domestic Market Overview Global worries drag benchmarks lower; Sensex breaches 25,500 mark -Wednesday turned out to be a disappointing session for the Indian equity indices which got pounded by around one and a half percentage point, as investors sold stocks across sectors amid global growth concerns. The barometer gauges traded near the neutral lines till noon deals but a sharp wave of selling, which emerged in last leg of trade, dragged the major indices below their crucial 7,750 (Nifty) and 25,500 (Sensex) levels. Selling was both brutal and wide-based as none of sectoral indices on BSE, except consumer durables, were spared. Counters, which featured in the list of worst performers, include software, banking, technology and metal. Sentiments remained dampened on report that India's exports declined for the eleventh month running in October, highlighting the stiff competition faced by the country in a weak global economy. Traders even overlooked some big ticket reform measures by the government, as the union cabinet approved 10% stake sale in Coal India, initial public offer of Cochin Shipyards, approved 3% interest subsidy for exports, while empowered roads ministry to revive 34 stalled projects by appropriate measure. Selling in metal counter too dampened the sentiments due to fall in commodity prices across the globe. Stocks related to power sector ended lower after losing early gains, with Ministry of Power planning to call bids for two domestic coal-based ultra mega power projects next month and two more by March 2016. On the flip side, shares of aviation companies ended higher, erasing their early morning losses, after Jet Airways, IndiGo and SpiceJet said they would pursue legal steps against Competition Commission of India s (CCI) order imposing penalties totalling Rs 258 crore on them for anti-competitive practices related to air cargo. Global Market Overview Asian markets close mostly in red on Wednesday The Asian markets closed mostly lower on Wednesday, as sentiments got affected by fears of fresh terror attacks in Europe. Investors in the region were also wary of the outcome of Bank of Japan s two-day policy meeting, which started on Wednesday, after previous data indicated negative growth. Japan has slid back into recession as the economy deteriorated more severely than expected in the third quarter. Meanwhile, Chinese President Xi Jinping stated that the fundamentals of China s economy remain positive, the economy is proving resilient to the pains of deepening reform and there is ample room to fend off downward pressure. Xi added that the world economy was beset with uncertainties with growth continuing to fall short of expectations. US markets closed higher after Fed signals rate hike The US markets closed higher on Wednesday, after the minutes from the Federal Reserve s October policy meeting confirmed that a majority of policy makers were open to an interest-rate hike in December. Federal Reserve policy makers made a conscious decision in October to prepare markets for a potential December rate hike, provided that the economic data justifies the increase in borrowing costs. The minutes from the October meeting, released showed that most members of the policy-setting Federal Open Markets Committee (FOMC) were comfortable not raising rates in October but seemed ready for a December liftoff. So much so that they included a new line in their October statement that would telegraph their intentions. But despite the faith in the near-term outlook, the Fed also debated what could become a core concern as it enters its first policy tightening cycle in a decade - the underlying potential of the US economy. The debate took the form of a discussion of the equilibrium real interest rate - the policy rate, net of inflation that would be consistent with full employment and the Fed s 2% inflation goal. The October minutes also showed that FOMC members want markets to focus more on the trajectory of future rate hikes rather than the timing of the first increase.
Index Futures (OI in '000 Shares) Future Chg Spot Chg Prem / Total Open Interest 18-Nov (%) 18-Nov (%) Disc 18-Nov Chg (%) NIFTY 7,732-1.54 7,732-1.35 0.1 22,441 4.6 CNXIT 10,838-1.93 10,837-1.80 1.8 19 20.3 BANKNIFTY 16,811-2.69 16,812-1.92-1.6 2,759 6.8 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 / 18-Nov % Chg. 18-Nov % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc HAVELLS 5,386 12% 790,507 43% 45% 465,246 263 263 2.9% 2.3% 0.1 PETRONET 4,962 7% 679,256 55% 37% 263,114 211 209 1.2% 0.7% -2.1 GMRINFRA 188,097 6% 13,022,573 19% 20% 8,378,919 14 14 6.7% 7.5% 0.1 PAGEIND 49 6% 23,268 29% 26% 178 12758 12548 1.9% 2.6% -210 UNITECH 244,013 3% 7,778,099 15% 32% 688,415 7 7 0.7% 0.7% 0.0 BATAINDIA 4,044 2% 176,342 41% 50% 49,920 476 470 0.7% 0.3% -6.3 IDEA 49,515 2% 4,562,354 61% 54% 2,547,737 135 132 2.7% 2.1% -2.6 COALINDIA 14,971 2% 4,218,663 59% 61% 2,854,850 335 334 0.8% 0.6% -0.6 ACC 1,415 1% 65,853 31% 24% 23,969 1334 1329 0.7% 0.1% -5.5 ARVIND 4,126 1% 395,128 38% 34% 54,469 285 284 0.3% -0.7% -1.3 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 / 18-Nov % Chg. 18-Nov % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc IBULHSGFIN 9,548 11% 2,644,199 58% 54% 1,216,920 604 605-2.9% -2.9% 1.5 WIPRO 6,483 8% 1,933,301 75% 58% 834,752 554 554-0.4% -0.3% -0.4 ALBK 11,844 8% 805,251 30% 18% 308,170 74 74-2.6% -2.7% 0.1 HINDALCO 54,020 7% 5,719,751 41% 34% 1,732,663 77 77-5.5% -5.4% 0.3 INFY 13,156 6% 3,061,302 55% 56% 808,520 1020 1022-3.6% -4.0% 2.0 IDFC 59,314 4% 4,194,916 50% 36% 2,775,381 52 53-2.3% -2.2% 0.3 KTKBANK 14,288 4% 705,762 46% 21% 425,514 121 122-3.3% -3.2% 0.4 INDUSINDBK 5,875 4% 2,176,844 54% 19% 1,812,724 901 900-0.2% -0.8% -0.7 SBIN 71,096 4% 3,258,500 28% 23% 306,387 241 241-2.7% -3.2% -0.3 IGL 1,097 4% 104,897 45% 24% 71,809 460 462-2.5% -2.3% 1.7 Open Interest Break-up (Rs. in Cr.) 18-Nov 17-Nov Change in OI % Chg INDEX FUTURES 22,109 21,398 711 3.32 INDEX OPTIONS 138,112 132,586 5,526 4.17 TOTAL INDEX 160,221 153,984 6,237 4.05 STOCK FUTURES 62,280 62,525-245 -0.39 STOCK OPTIONS 21,504 20,769 735 3.54 TOTAL STOCKS 83,784 83,295 489 0.59 GRAND TOTAL 244,005 237,279 6,727 2.83 FII's 143,375 143,659-285 -0.20 Others 100,631 93,620 7011 7.49
Corporate News Competition Commission of India (CCI) has imposed a penalty of Rs 151.69 crore on Jet Airways (India) for alleged contravention of the provisions of Section 3(1) read with Section 3 (3)(a) of the Competition Act 2002. The investigation was initiated against five airlines on the basis of information provided by Express Industry Council of India (EICI) alleging collusion in levy of fuel surcharge on transport of cargo. According to CCI, such anti-competitive ways in the air cargo industry undermines economic development of the country and ultimately acts to the detriment of end-consumers. Maruti Suzuki India has reportedly started a new brand campaign titled 'Aaj ke zamaney ki leap' for its popular hatchback Celerio. With its unmatched style, best-in-class cabin space, exciting gizmos, best- in-class mileage coupled with the revolutionary Auto Gear Shift, Celerio lives up to its brand promise of 'Life takes a leap' in the life of the consumer. The campaign was launched on November 12 and will go on for four weeks. Creative agency Dentsu has come up with three different TVCs that use every day scenarios to establish the progressive mindset of the Celerio owner. Tata Consultancy Services (TCS) has launched a new Center of Excellence (CoE) for Internet of Things (lot) solutions in collaboration with Intel. The state-of-the-art Center will be located at the TCS Hyderabad Campus. The Center will focus on developing new use cases for various vertical industries and create solution accelerators around Intel technologies for global customers in Manufacturing, Retail, Hi-Tech, Semiconductors, Healthcare and Telecom industries. The primary focus of the Center is to integrate lot solutions developed by TCS on Intel' lot platforms and to fast track creation of end-to-end solutions. Budget passenger carrier SpiceJet is reportedly planning to buy at least 150 new planes. The company is in talks with aircraft manufacturers to place orders for 100 narrow-bodied aircraft (Boeing 737 MAX or Airbus 320 Neo) and 50 turboprop aircraft. Swan Energy has signed a term sheet with Exmar Marine NV, Belgium for the joint development and operation of its FSRU based LNG terminal project at Jafrabad, Gujarat. TAKE Solutions has entered into definitive agreements to acquire a Life Sciences Services player, Ecron Acunova (EA). This association will enable the company add expertise in the areas of Biosimilars, Regenerative Medicine and Diagnostic imaging agents space which are emerging growth areas. This will help the company to move the addressable market for its services to $30 billion. It will also significantly enhance presence in Europe and Nordic countries. Tata Steel has dedicated its Kalinganagar Steel plant to the State of Odisha. The long journey of Tata Steel has seen the company re-define its sustainability strategies in a number of ways to become the global steel industry benchmark in value creation and corporate citizenship. The company s Kalinganagar steel plant will set a high benchmark in technology and other performance parameters in the country excelling in operations and ensuring a total commitment to enhancing stakeholder value. GMR Kamalanga Energy has received revised power tariff from Central Electricity Regulatory Commission (CERC) on November 16, 2015. GMR Kamalanga had submitted an application to CERC for determination of the tariff under the PPA. Pending order of CERC, GMR Kamalanga was being reimbursed at Rs 2.75 per unit of total tariff. Consequent to the CERC order GMR Kamlanga will be entitled for a price of FY 14 which shall be around Rs 3.97 per Unit and Rs 3.4 per Unit thereafter. Shasun Pharmaceuticals has temporarily suspended the production at its Cuddalore API facility on account of fire accident in one of the manufacturing blocks of the said unit. The company is working with the Government authorities to resume operations at the earliest. Though, there will be no material impact on the revenue of the group during the current financial year. Sun Pharmaceutical has launched its Volini Spray with 360 degree technology and hinted at consolidation of its consumer healthcare business across five major brands. Under the Consumer healthcare business, Sun Pharma has five major brands of Revital, Volini, Pepfiz, Garlic Pearls and Olesan Oil and expects to expand their market presence..
Raymond has infused Rs 61.68 crore in Raymond Luxury Cottons (RLCL) by subscribing to the further issue of equity shares comprising 6,16,80,000 equity shares of Rs 10 each. RLCL has allotted the equity shares and the investment of the company in the equity share capital of RLCL now stands at Rs 127.68 crore constituting 75.69% of the equity capital. Mahindra Comviva, the mobility solutions arm of IT services major Tech Mahindra, has launched first-of-its-kind Mooditt Digital Store. Mahindra Comviva has created this unique Digital Store that brings the entire ecosystem of content providers, application providers and distribution channels on a single platform and leverages multiple channels of content distribution like Web, APP, WAP, DTH, Radio, TV, IPTV, Text, and IVR for seamless distribution. Besides enabling a robust content sharing ecosystem, the Mooditt Digital Store adds value by bringing automated partner management and data analytics to the table, enabling seamless content flows to various participants of the ecosystem. Valiant Communications has received the letter of awards from Power Grid Corporation of India (PGCIL) for supply, installation and commissioning for Communication Equipment Package (PDH Equipment), for West Bengal State Electricity Distribution Company (WBSETCL) and Jharkhand (Jharkhand State Electricity Board) Consultancy projects. The gross value of letter of awards is Rs 8.03 crore. Barclays Capital Mauritius has sold 83.7 lakh shares of Subex through the open market route. The shares were sold on an average price of Rs 10.23 valuing the transaction to Rs 8.56 crore. In a bid to expand its manufacturing plant in Scotland, Piramal Healthcare has invested two million pounds. The company is aiming to expand this facility in the next 5 years to maintain its position as a global leader in the production of antibody drug conjugates. ITC s fully owned subsidiary - ITC Infotech has entered into a strategic partnership with Ramco Systems that will enable ITC Infotech to strengthen its aviation capabilities and expand its expertise in the Human Capital Management (HCM) domain. The partnership will also facilitate Ramco to expand its footprint across the commercial airlines space and further strengthen its client portfolio across key markets, including North America, Europe, Middle East & Africa and Asia-Pacific. Tata Motors and Ashok Auto Sales have inaugurated a new 3S facility at Firozabad, providing customers with a complete experience of sales, service and spares, all under one roof. The new facility is one of the five facilities operated by Ashok Auto Sales, with the flagship dealership at Agra and three other dealership branches at Aligarh, Mathura and Etawah. Coal India s arm -- Western Coalfields (WCL) -- has finalised a capital investment plan of Rs 6,280 crore till 2019-20 in a phased manner. Of total, the company will invest Rs 3,486 crore on land acquisition, while Rs 2,032 crore will be invested on installation of plant and machinery. The company has also marked another Rs 242 crore for exploration. Richa Industries has won Tekla India BIM 2015 award under Infrastructure projects category for its depot cum workshop model of Lucknow Metro project. The other categories of award included commercial, industrial, public, small, student and popular choice awards. The winner of each category in Tekla India BIM Awards was decided by a jury of leading BIM experts in the world including both from inside and outside Tekla. Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Pipavav Defence and Offshore Engineering to 12% of its paid-up capital. RBI has notified that Registered Foreign Portfolios Investors (RFPIs)/FIIs/Qualified Foreign Investors (QFIs) can now invest up to 12 per cent and Non Resident Indians (NRIs)/ Persons of Indian Origin (PIO) up to 2 per cent of the paid up capital of Pipavav Defence and Offshore Engineering under the Portfolio Investment Scheme (PIS). The company has passed resolutions at its Board of Directors and shareholders level for allocating the sub limits for the purchase of its equity shares by RFPI/FII/QFIs/NRI/PIOs. Mangalore Refinery and Petrochemicals (MRPL) is planning to resume operation at its 100,000 barrel per day (bpd) crude unit, representing about a third of the plant s overall capacity, at a full rate from November 21. The company had shut the crude unit on November 13, 2015 due to a minor fire inside the vacuum heater.
Mahindra Lifespace Developers has acquired a land parcel in Palghar district in the state of Maharashtra admeasuring 85,000 square meters for residential development. Persistent Systems, a global software developer, has acquired the digital content management solutions business of Akumina, maker of InterChange, an innovative software platform that optimizes user experiences for digital businesses using Microsoft SharePoint. The company has also entered into a strategic partnership and investment in Akumina, strengthening its Partner Ecosystem for Digital Transformation. Dr. Reddy s Laboratories has completed the purchase of worldwide exclusive intellectual property rights for Fondaparinux sodium, its generic anti-coagulant drug from its Australian partner, Alchemia. The company had earlier signed a term sheet for this transaction in September, 2015..Economy Oil & gas block auction policy likely to be ready by FY16: Dharmendra Pradhan Government is likely to finalise the new policy for auction of oil and gas blocks during the current financial year. Oil Minister Dharmendra Pradhan has said that he will attempt to make the policy during this financial year only, adding further that the ministry has brought the consultation paper and suggestions will come in by November 30 and the ministry will make the policy after considering all the views and take it to the Cabinet. The policy proposes to free natural gas pricing as well as replace the controversial Production Sharing Contract (PSC) with simpler revenue-sharing regime for all future field auctions in the backdrop of low gas prices not attracting investors in exploration and production sector. The Oil Ministry has issued a paper on new fiscal and contractual regime for award of hydrocarbon acreages with a view to revive investor interest in oil and gas exploration by simplifying rules. In order to make new bidding round more progressive, transparent and market friendly, the government has brought in this consultation paper. Global players like BP and domestic companies including RIL as well as state-owned ONGC have been seeking pricing freedom as the current rates make new investments unviable. The government had allowed pricing freedom for the gas produced from 69 small and marginal fields it plans to auction shortly, in September. Finance Minster invites UAE sovereign wealth funds' to invest in NIIF Finance Minister Arun Jaitley has invited investments from the Abu Dhabi Investment Authority (ADIA) in National Infrastructure and Investment Fund (NIIF), assuring that it will attract good returns. He said that It s a great opportunity for the UAE sovereign wealth funds and pension funds to make best use of NIIF and make big investments in India. Jaitley met HE Sheikh Hamed Bin Jayed AL Nahyan, Managing Director, ADIA and Chairman, Abu Dhabi Crown Prince Court HE Sheikh Nahyan and highlighted the various initiatives taken by the present government in the last one-and-a-half year for enhancing foreign direct investment (FDI) in the country. Jaitley later informed that ADIA has shown keen interest in making investment on NIIF and its officials will be visiting India on 19th of this month in order to discuss this matter further. He also said that ADIA is also interested in investing for establishing strategic oil reserves at Mangalore Port in Karnataka. Government likely to exclude the cost of land in Infra projects for speedy clearances In a move that could allow more ministries to clear their own projects, without going through the time-consuming process of seeking the approval of the Cabinet Committee on Economic Affairs (CCEA), the government is likely to exclude the cost of land while computing the total cost of infrastructure projects In order to implement the proposal, the government will need to amend the transaction of business rules for the CCEA. The proposals will benefit the ministries of urban development and railways. The Prime Minister's Office has supported the proposal to exclude the land cost from total project cost and now the road transport and highway Ministry are waiting for the Cabinets approval.
Presently all infrastructure projects costing over Rs 1,000 crore have to be approved by the CCEA and given the high cost of land, many projects will remain below the threshold if this component is not included in the project cost. Currently, in many cases the land cost makes up as much as 40% of the project cost. Earlier, the land cost for any project was not more than 10-15%, but because of the increased compensation for land acquisition in some cases prices of land are as high as the construction cost. Exclusion of land cost is a must if the Ministry has to increase the pace of awarding projects. Indian economy moving ahead despite global circumstances and headwinds: Arun Jaitley Finance Minsiter Arun Jaitley has asserted that Indian economy is managing to remain in a positive side and moving ahead, despite adverse global circumstances and headwinds. He further said that economic crises earlier would leave an impact once in 10-15 years but now they are far more frequent and added that under these circumstances India has to find its own level. Jaitley stated that India has its own agenda full in terms of reforms and investment into key areas adding that the government has opened up more sectors for investment. However, the one aspect where India is adversely affected is the country s exports which are declining due to the global economy. He said that the headwinds are against the country. Highlighting the positive changes, he said that the India is with the expansion of aspirational class and have a surplus human resource which is creating huge Indian diaspora around the world noting that the spread of people of Indian- origin is going to hugely increase around the world in the next 20 years. While talking about oil prices he said that the low oil prices have created a favourable environment for the Indian economy as it helped to absorb the loss faced by oil companies and kept inflation under control and also enabled the government to rationalize subsidies. Further while stating the reason for the investment in the country Jaitley said that the environment for investment is more conducive now because the decision making is quicker, infrastructural investments are picking up and Indian economy is growing faster than most other economies in the world. Outward Foreign Direct Investments by Indian firms fell 21% in October Outward Foreign Direct Investments (OFDI) by Indian firms abroad fell 21 percent to $2,276.17 million in October 2015. The Reserve Bank of India has reported that during the month Indian companies had put in $2,276.17 million in the form of OFDI compared to $ 2,879.58 million in the month of October 2014. However compared to previous month of $1,241.33 million, it was up by huge 83.87 percent. RBI has further elaborated that in the OFDI of $$2,276.17 million for October, equity constituted $341.82 million, Loan constituted $210.94 million, while the major portion was of $1,723.41 million of Guarantee Issued. Altogether 461 Indian parties were involved in outward FDI from the country during the month. Lupin invested $753 million in a wholly owned subsidiary (WOS) in Switzerland, Tata Communications invested $ 210 million in a WOS in Singapore and Infosys made a combined investment of $ 106.34 million in two of its wholly owned units in Sweden and Switzerland. Source: Reuters, Ace Equity & LKP Research
Tech View CNX Nifty Technical View As mentioned in earlier report Nifty continued to face pressure at higher levels and witnessed a strong downside yesterday closing near low point of the day. However, 7700 is expected to provided much needed support to Nifty and the index may again bounce back toward 7800-7850 levels where resistance will play a its role. The overall movement in Nifty thus remains rangebound for next few trading sessions. Nifty has closed below short term averages which implies short term trend remains weak and if 7700-7650 gets broken then Nifty can fall till 7500 levels. Nifty is expected to open on strong note and is likely to test 7780-7800 levels which if not sustained can lead to an intraday fall till 7750-7730 levels. IMPORTANT LEVELS FOR THE DAY Support BSE NSE BANKNIFTY S1 25,339 7694 16682 S2 25,005 7603 16377 Resistance R1 25,879 7840 17175 R2 26,213 7930 17480 Pivot 25,609 7,767 16,929
Tech View PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 ACC 1334 1358 1344 1332 1321 1307 GAIL 309 321 314 308 302 295 ADANIENT 78 83 80 79 77 75 GLENMARK 980 1002 988 977 966 952 ADANIPORTS 267 278 273 268 264 259 GMRINFRA 14 16 15 14 13 12 ADANIPOWER 28 30 29 28 27 26 GODREJIND 381 404 392 383 374 362 ALBK 74 79 77 75 73 71 GRASIM 3612 3667 3634 3607 3580 3546 AMBUJACEM 197 208 203 199 195 190 HAVELLS 263 277 269 262 256 248 ANDHRABANK 66 72 69 67 65 62 HCLTECH 846 871 857 845 833 819 APOLLOHOSP 1304 1381 1345 1315 1286 1249 HDFC 1179 1222 1202 1186 1169 1149 APOLLOTYRE 158 170 164 159 154 149 HDFCBANK 1049 1081 1066 1054 1042 1027 ARVIND 285 291 288 285 282 279 HDIL 63 68 66 63 61 58 ASHOKLEY 92 94 93 92 91 90 HEROMOTOCO 2575 2634 2605 2582 2559 2531 ASIANPAINT 822 842 829 818 807 794 HEXAWARE 244 259 252 246 240 233 AUROPHARMA 816 855 836 822 807 789 HINDALCO 77 85 81 78 75 71 AXISBANK 464 488 476 467 459 447 HINDPETRO 767 786 777 769 762 753 BAJAJ-AUTO 2343 2421 2384 2355 2325 2289 HINDUNILVR 794 820 807 797 787 774 BANKBARODA 168 177 173 170 166 162 HINDZINC 141 153 148 143 138 133 BANKINDIA 129 136 133 130 127 123 IBREALEST 59 63 61 60 58 57 BATAINDIA 476 492 482 474 466 456 ICICIBANK 260 275 268 263 257 251 BHARATFORG 843 910 879 854 829 798 IDBI 83 91 87 84 81 77 BHARTIARTL 334 350 342 336 330 323 IDEA 135 141 137 134 131 127 BHEL 175 185 180 176 172 168 IDFC 52 56 54 53 52 50 BIOCON 451 462 455 449 443 435 IFCI 26 29 28 27 26 24 BPCL 884 903 891 882 872 861 IGL 460 487 474 465 455 443 CAIRN 135 140 137 135 133 131 INDIACEM 79 85 82 80 78 75 CANBK 270 288 279 272 266 257 INDUSINDBK 901 925 913 904 894 882 CENTURYTEX 549 588 570 555 540 522 INFY 1020 1072 1046 1025 1005 979 CESC 541 563 552 543 534 524 IOB 30 32 31 31 30 30 CIPLA 630 653 642 633 624 613 IOC 404 413 408 403 399 393 COALINDIA 335 351 341 334 327 318 IRB 250 261 255 251 246 240 COLPAL 945 960 953 947 941 933 ITC 348 357 352 348 343 338 CROMPGREAV 174 180 176 173 170 166 JINDALSTEL 81 86 83 81 79 77 DABUR 269 276 271 268 264 260 JISLJALEQS 66 69 68 66 65 63 DISHTV 102 106 104 103 101 99 JPASSOCIAT 13 14 13 13 12 12 DIVISLAB 1132 1153 1141 1131 1121 1109 JPPOWER 7 7 7 7 7 7 DLF 107 117 112 108 104 99 JSWENERGY 85 89 87 85 83 81 DRREDDY 3367 3489 3433 3387 3341 3285 JSWSTEEL 886 921 903 889 875 857 EXIDEIND 147 152 150 148 146 143 JUBLFOOD 1378 1459 1420 1388 1356 1316 FEDERALBNK 56 60 58 56 54 52 JUSTDIAL 801 826 813 802 791 777
Tech View Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 KOTAKBANK 673 696 684 674 665 653 TATACHEM 419 440 430 422 414 405 KTKBANK 121 129 126 123 120 116 TATACOMM 414 429 421 415 409 402 L&TFH 65 66 66 65 65 64 TATAGLOBAL 129 138 134 130 127 122 LICHSGFIN 459 483 471 462 453 442 TATAMOTORS 406 422 414 408 401 394 LT 1344 1390 1369 1351 1334 1313 TATAMTRDVR 290 302 295 290 284 278 LUPIN 1783 1849 1817 1790 1764 1731 TATAPOWER 66 70 68 67 65 63 M&M 1278 1327 1304 1286 1267 1244 TATASTEEL 226 242 235 229 223 215 M&MFIN 231 242 236 232 228 222 TCS 2351 2421 2389 2362 2336 2303 MARUTI 4533 4746 4649 4570 4492 4395 TECHM 517 542 530 521 511 499 MCDOWELL-N 3527 3631 3565 3512 3459 3393 TITAN 361 372 366 361 355 349 MCLEODRUSS 172 187 180 174 169 162 UBL 963 1019 993 972 950 924 MRF 38932 40699 39873 39205 38536 37710 UCOBANK 46 49 48 47 46 45 NHPC 19 19 19 19 18 18 ULTRACEMCO 2735 2792 2760 2735 2709 2678 NMDC 92 96 94 92 91 89 UNIONBANK 160 172 166 162 157 152 NTPC 133 138 135 133 131 129 UNITECH 7 8 7 7 7 6 OFSS 3871 3984 3929 3885 3841 3786 UPL 445 463 454 447 440 431 ONGC 231 236 233 231 228 226 VOLTAS 254 270 262 256 250 242 ORIENTBANK 146 159 153 148 143 137 WIPRO 554 562 558 554 551 546 PETRONET 211 220 215 211 207 202 YESBANK 723 774 750 731 712 689 PFC 211 228 220 214 207 199 ZEEL 379 388 384 380 377 372 PNB 136 147 142 138 134 129 POWERGRID 131 133 132 131 130 128 PTC 64 67 66 64 63 61 RCOM 65 69 67 66 64 62 RECLTD 228 248 239 232 224 216 RELCAPITAL 393 424 410 398 387 373 RELIANCE 912 947 931 918 905 888 RELINFRA 405 435 421 410 398 384 RPOWER 49 52 50 50 49 47 SAIL 44 47 46 45 44 42 SBIN 241 256 249 243 237 230 SIEMENS 1217 1250 1233 1220 1206 1190 SRTRANSFIN 851 898 877 860 843 822 SUNPHARMA 754 772 762 755 747 737 SUNTV 376 394 385 377 370 360 SYNDIBANK 90 97 94 91 89 85
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