Morning Notes 16-Dec-2015 Indices 15-Dec 14-Dec % Chg. Major Indices 15-Dec 14-Dec % Chg. FII's & DII's in equity Rs.Crs S&P BSE SENSEX 25,320 25,150 0.68% CAC 40 Index 4,614 4,473 3.16% 15-Dec Buy Sell Net S&P CNX NIFTY 7,701 7,650 0.66% DAX Index 10,450 10,139 3.07% FII / FPI Investments 3278 3229 49 NIFTY MIDCAP 100 12,941 12,868 0.57% Dow Jones Industrial A 17,525 17,369 0.90% DII's Investments 1664 1390 274 NIFTY SMALL 100 5,362 5,322 0.76% FTSE 100 Index 6,018 5,874 2.45% FII's contribution to the total turnover 39% Nasdaq Composite Ind 4,995 4,952 0.87% DII's contribution to the total turnover 18% BSE Sectoral Indices NIFTY AUTO 8,082 7,964 1.49% Major Asian Indices 15-Dec 14-Dec % Chg. FII's in Derivatives Rs.Crs NIFTY ENERGY 8,102 7,997 1.32% Hong Kong 21,274 21,310-0.17% 15-Dec Index Fut Index Opt Stock Fut Stock Opt NIFTY FMCG 19,942 19,699 1.23% Nikkei 225 18,566 18,883-1.68% Net -438-1297 3-12 NIFTY CONSUMPTIO 3,509 3,476 0.96% Korea 1,933 1,928 0.27% OI 15513 78136 50080 3521 NIFTY MEDIA 2,437 2,415 0.88% Shanghai 3,510 3,521-0.29% Chg.OI -1.6% 1.2% 1.6% 3.8% NIFTY REALTY 163 162 0.87% Taiwan 8,073 8,040 0.41% FIIs' contribution to the total Derivatives turnover 27% NIFTY PHARMA 11,555 11,488 0.58% NIFTY FIN SERVICE 6,802 6,765 0.54% Commodities (MCX) 15-Dec 14-Dec % Chg. Curr. Derivatives (NSE) 15-Dec 14-Dec % Chg. NIFTY BANK 16,399 16,351 0.29% Aluminium (31DEC201 99 100-1.74% USDINR 29-DEC-2015 67.10 67.23-0.20% NIFTY INFRA 2,618 2,611 0.26% Copper(29FEB2016) 309 318-2.75% EURINR 29-DEC-2015 73.85 73.70 0.20% NIFTY PSU BANK 2,882 2,883-0.03% Crude (18DEC2015) 2,519 2,453 2.69% JPYINR 29-DEC-2015 55.45 55.56-0.21% NIFTY METAL 1,736 1,740-0.25% Gold (05FEB2016) 25,266 25,347-0.32% DJIA (18-DEC-2015) 17455 17375 0.46% NIFTY IT 11,058 11,100-0.37% Silver (4MAR2016) 33,593 33,487 0.32% S&P500 (18-DEC-2015) 2034 2024 0.52% Top Gainers Top Gainers Top Gainers Top Gainers BSE Smallcap BSE Midcap BSE 100 CNX Nifty Company LTP Chg % Chg Company LTP Chg % Chg BOSCHLTD 18775 563 3.1 TECHM 521-22 -4 Top Losers HINDUNILVR 861 22 2.6 PNB 121.3-3 -3 LUPIN 1789 41 2.4 IDEA 131.9-3 -2 ONGC 218 5 2.3 WIPRO 558.5-9 -2 RELIANCE 976 21 2.2 ICICIBANK 245.7-3 -1 Company LTP Chg % Chg Company LTP Chg % Chg ABB 1187 77 7.0 TECHM 520-23 -4.2 Top Losers GODREJCP 1313 46 3.6 IDEA 132-3 -2.4 UPL 419 15 3.6 PNB 122-3 -2.2 TATAMTRDVR 281 10 3.5 GMRINFRA 15-0.3-1.6 BHARATFORG 823 28 3.5 CROMPGREAV 187-3 -1.6 Company LTP Chg % Chg Company LTP Chg % Chg ABB 1187 77 7.0 GMRINFRA 15-0.3-1.6 Top Losers UPL 419 15 3.6 CROMPGREAV 187-3 -1.6 BHARATFORG 823 28 3.5 JSWENERGY 76-1 -1.6 BERGEPAINT 223 7 3.3 PETRONET 239-4 -1.5 BAJFINANCE 5600 161 3.0 OBEROIRLTY 252-3 -1.1 Company LTP Chg % Chg Company LTP Chg % Chg FORCEMOT 3129 384 14.0 3IINFOTECH 5-0.5-9.0 Top Losers MEGH 25 3 12.8 CASTEXTECH 16-1 -7.7 RMCL 23 2 10.1 GODFRYPHLP 1386-96 -6.5 FINANTECH 131 12 9.9 IL&FSENGG 65-4 -6.2 GRANDMA 29 2 7.9 SRIPIPES 229-13 -5.3 CNX Nifty BSE 100 BSE Midcap BSE Smallcap Domestic Market View Markets to extend the gains on bullish global cues The Indian markets regained momentum in latter half of the trade in last session and posted good gains, with major averages regaining their crucial psychological levels. Today, the start is likely to be in green and the markets will extend the gains for the third day. Though, markets across the globe are heading into Fed decision day on a more positive note, but some cautiousness is likely to creep in towards the end of the trade in Indian market, with Fed widely expected to raise interest rates and traders eyeing the wording of the accompanying statement to gain clues about the outlook for policy. Markets may get some support with Finance Minister Arun Jaitley making a fresh bid to end the deadlock on Goods and Services Tax (GST) bill as he reached out to main opposition Congress. Meanwhile, it has been reported that the draft model law on GST will be finalised in a month's time. However, there will be some concern too, as the exports declined for the 12th month by more than 24 per cent to $20 billion in November, compared with $26.4 billion a year earlier, indicating that tepid global demand continues to be a drag on India's economic recovery. There will be some buzz in the oil & gas sector stocks, as the Oil Minister Dharmendra Pradhan has said that the Petroleum Ministry wants the Finance Ministry to cut cess on crude oil and make it ad valorem in view of the slump in global oil rates.psu oil marketing companies too will see some action, as the Petrol price has been cut by 50 paisa and diesel by 46 paisa a litre.
Domestic Market Overview Benchmarks end near day s high; bulls wake-up in late trade Tuesday s session turned out to be a fabulous day of trade for the Indian equity markets, where frontline gauges garnered gains of around half a percent. Hectic buying activity which took place during last leg of trade mainly drove the markets higher, with frontline gauges ending at intraday high levels, recapturing their crucial 25,300 (Sensex) and 7,700 (Nifty) bastions. Earlier, domestic bourses traded listless for most part of the day s trade near their previous closing levels as sentiments remained dampened on the report that retail inflation rose to 5.41 per cent in November, 4th straight month of uptick as prices of vegetables, pulses and fruits went up further to push the rate of price rise above the Reserve Bank s comfort level. However, sentiments took U-turn in last hour of trade as market-participants opted to take positions in beaten down but fundamentally strong stocks. Traders drew some encouragement with report that Global rating agency Fitch has retained India's sovereign rating at BBB-/Stable -- the lowest investment grade and said that the country will continue to post good growth despite subdued prospect for the Asia Pacific region. Meanwhile, market participants will keenly watch the proceedings of the two-day US Federal Reserve meet which begins later today. The US central bank is widely expected to raise interest rates for the first time in almost a decade. Appreciation in Indian rupee too supported the sentiments. The partially convertible rupee was trading at 66.97 per dollar at the time of equity market closing against the Monday s close of 67.11 on the Interbank Foreign Exchange. Some support also came from report that foreign institutional investors net bought index futures worth Rs 165 crore and stock futures worth Rs 124 crore on the NSE on Monday. Global Market Overview Asian markets made a mixed on Tuesday Asian equity markets ended mixed on Tuesday after crude oil prices which have been on the decline lately, rose in US trading session. Japanese shares though declined to a 7-1/2-week low, as investors avoided riskier assets ahead of the historic Federal Reserve meeting ending Wednesday. The US central bank is widely expected to raise its target range for the federal funds rate to 0.25-0.50 percent, bringing an end to the seven-year period of near-zero interest rates. Chinese stocks too ended slightly lower, with a correction in banking and resource shares countering a surge in property firms that was triggered by hopes of more support measures for the real estate market. US markets closed higher ahead of Fed decision The US markets closed higher on Tuesday, recording a second session of gains ahead of a long anticipated meeting of the Federal Reserve s interest-rate setting committee. A surge in oil prices helped support the energy sector and gave stocks a lift as the Fed is slated to raise interest rates at the conclusion of its two-day policy meeting. On the economy front, the falling cost of gas and food kept consumer prices in check in November but some inflationary pressure appears to be building in the economy. The consumer price index was flat on a seasonally adjusted basis. Energy prices dropped 1.3% last month - gasoline price fell again - and food costs slipped 0.1% to mark the first decline since March. Inflation, however, is no longer trending lower. From November 2014 to November 2015, consumer inflation climbed 0.5%. Although that s still very low, it s the biggest annualized gain since December 2014. Similarly, core consumer prices increased at a 2% rate over the past 12 months for the first time since May 2014. The Federal Reserve wants overall inflation to rise to the 2% range, though the central bank relies on a different measure known as the PCE index that s rising at a much slower annualized rate. The PCE had risen a scant 0.2% through the 12 months ended in October.
Index Futures (OI in '000 Shares) Future Chg Spot Chg Prem / Total Open Interest 15-Dec (%) 15-Dec (%) Disc 15-Dec Chg (%) NIFTY 7,709 0.54 7,701 0.66 8.5 21,812 2.2 CNXIT 11,099-0.24 11,058-0.37 40.4 15 4.8 BANKNIFTY 16,404-0.46 16,399 0.29 5.6 2,703-0.4 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 / 15-Dec % Chg. 15-Dec % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc TV18BRDCST 40,137 23% 84,78,097 53% 61% 28,46,389 40 40 1.1% 1.9% 0.2 HINDUNILVR 4,039 18% 15,76,415 67% 63% 7,16,882 859 860 2.0% 2.3% 0.9 ULTRACEMCO 1,158 9% 5,57,487 51% 24% 3,95,739 2863 2866 1.0% 0.9% 3.1 KOTAKBANK 9,554 6% 10,76,246 73% 56% 5,63,472 687 685 1.3% 1.6% -1 UNIONBANK 16,644 4% 6,73,124 25% 16% 2,45,467 146 145 1.0% 0.4% -1 SKSMICRO 7,141 4% 3,56,563 28% 21% 1,77,178 461 463 2.6% 2.7% 2.1 POWERGRID 17,268 3% 6,66,292 60% 33% 3,48,692 130 129 1.2% 0.5% -0.4 RELIANCE 26,119 3% 21,36,291 59% 53% 8,53,063 976 978 1.9% 1.9% 1.8 CESC 2,615 2% 2,00,196 27% 19% 59,496 519 521 0.3% 0.1% 2.8 BAJAJ-AUTO 1,964 2% 80,656 46% 34% 15,331 2437 2437 0.9% 0.8% -0.2 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 / 15-Dec % Chg. 15-Dec % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc TECHM 8,149 7% 13,09,935 47% 49% 8,73,057 520 522-4.2% -4.2% 2.4 CANBK 14,276 5% 6,71,994 34% 19% 3,70,966 239 240-1.1% -1.1% 1.2 PNB 29,428 5% 19,78,890 37% 31% 1,49,539 122 122-2.4% -1.5% 0.3 STAR 2,069 5% 2,21,075 24% 24% 64,807 1278 1285-0.1% -0.1% 6.3 ICICIBANK 63,009 5% 70,71,191 57% 55% 4,44,604 246 247-0.6% -1.3% 0.3 RELCAPITAL 11,412 5% 4,34,730 18% 11% 1,41,663 388 390-1.0% -0.8% 2.0 SRTRANSFIN 2,954 2% 7,76,280 70% 54% 3,02,939 791 794-1.2% -0.9% 3.6 TATAPOWER 26,512 2% 14,93,017 26% 32% 78,061 61 62-0.7% -0.6% 0.2 ZEEL 7,073 2% 8,07,908 51% 39% 1,73,467 408 409 0.0% 0.4% 0.3 WIPRO 6,603 2% 8,86,856 64% 40% 4,70,860 559 561-1.9% -1.2% 2.1 Open Interest Break-up (Rs. in Cr.) 15-Dec 14-Dec Change in OI % Chg INDEX FUTURES 21,338 20,908 429 2.05 INDEX OPTIONS 1,33,615 1,31,716 1,899 1.44 TOTAL INDEX 1,54,953 1,52,624 2,329 1.53 STOCK FUTURES 64,466 63,486 980 1.54 STOCK OPTIONS 18,224 17,752 472 2.66 TOTAL STOCKS 82,689 81,237 1,452 1.79 GRAND TOTAL 2,37,642 2,33,861 3,781 1.62 FII's 1,47,250 1,45,636 1614 1.11 Others 90,392 88,225 2167 2.46
Corporate News Bharat Heavy Electricals (BHEL) has added one more coal-based power plant to the grid by successfully commissioning a 500 MW thermal generating unit in West Bengal. The 500 MW (Unit 3) was commissioned at the upcoming Sagardighi Thermal Power Extension Project of West Bengal Power Development Corporation (WBPDCL), located at Sagardighi in Murshidabad district of West Bengal. This is the first unit of Phase II (2x500 MW) of the power plant and the second unit is also in advance stage of completion. Arcotech has received an order from India Government Mint (IGM), Mumbai for supply of 6000 MT Nickel Brass Coils worth Rs 268.30 crore with an option of another 25% order making it an aggregate order of Rs 335.37 crore. IDFC Bank -- a subsidiary of India's leading integrated infrastructure finance company -- IDFC, has successfully implemented Intellect Design Arena s Global Transaction Banking (igtb) solution suite. This combined digital solution by the company will play a key role in IDFC Bank's growth plans, as it seeks to introduce a differentiated form of banking. The deployment of the Global Transaction Banking suite was completed by the company in a record-breaking five-month period, with the full range of solutions going live in October 2015. KCP s operations at Engineering Unit Tituvottiyur, Chennai have been suspended temporarily, due to heavy rains/flood. The company will be able to assess the losses in due course, upon assessment done by the insurance company. The Andhra Pradesh government has allotted over 623 acres of land to Jain Irrigation Systems for setting up an integrated agriculture and horticulture park at Thangadancha Village, Jupadu Bangalow Mandal, Kurnool district on lease basis for 99 years. The market value of the land is Rs 4.5 lakh per acre and the total cost of the land is Rs 28 crore. Siemens is likely to acquire new businesses to support existing verticals of Energy, Automation and Engineering services. The company has a cash surplus of Rs 2300 crore could acquire new businesses. The company s management will look at the acquisition route either for getting a new technology, which could be used in local and international market, or accessing newer markets based on better dealership network. The company is already having 22 factories, therefore, investment in newer factories will be made when existing capacities are fully utilised. Visa Capital Partners has bought 3.49 lakh shares of Godawari Power & Ispat through the open market route. The shares were purchased on an average price of Rs 64 valuing the transaction to Rs 2.23 crore. Natco Pharma has received approval for the generic version of ledipasvir+sofosbuvir combination from Drugs Controller General (India). The company plans to launch this combination drug immediately, under its brand name Hepcinat LP, and through its strategic partners in India. Ledipasvir+Sofosbuvir is a two-drug fixed-dose combination product that contains 90 mg of ledipasvir and 400 mg of sofosbuvir in a single tablet, and sold globally by Gilead Sciences, Inc., under its brand HARVONI. It is indicated for the treatment of chronic hepatitis C (CHC) genotype 1 infection in adults. This single-tablet regimen is the first of its kind to offer significantly higher cure rates in Genotype-1 CHC infection compared to conventional therapies. Microsoft India is planning to sign a 4G data-bundling pact with India's No 1 carrier Bharti Airtel to encourage the latter's customers to buy the recently launched Lumia 4G smartphones. The 4G data-bundling pact will be extended to the more affordable Lumia 550, a 4G smartphone slated for launch in India around Christmas time. The Windows 10 device works only on a single 4G band (1800 Mhz) and is likely to be priced below Rs 10,000. Life Insurance Corporation of India (LIC) has bought 2.7 lakh shares or 0.1 per cent stake of Bharat Forge from the open market. Following the acquisition, LIC s stake in the forging company rose to 5 per cent from 4.9 per cent earlier. Tech Mahindra, a leading provider of IT, Networks and Engineering solutions and BPO services, and Mahindra & Mahindra (M&M), part of the global $16.9 billion Mahindra Group, have jointly entered into an agreement with Pincar S.r.l., to purchase a controlling stake in Pininfarina S.p.A., an iconic Italian brand in automotive and industrial design.
Ramco Cements is upgrading its capacity at Jayanthipuram unit. In this regard, the company has awarded Rs 22.50 crore contract to Petron Engineering and Construction. Emami has launched its new winter cream, called Fair and Handsome Complete Winter Solution. The new offering is a highly differentiated product for men s winter skincare. It is aimed at those who have varying skincare needs during the winter. Ricoh India, a market leader in Printing & Document solutions and IT services, has launched huddle Room Solutions'. Huddle rooms -- small conference areas that can be equipped with audio, video and display technology -- are vital in the new world of work. Equipped with the right technology, these digital workspaces enable more teamwork and collaboration than traditional meeting and conference rooms. In a bid to expand its fast-growing cattle-feed business, Hatsun Agro Product is planning to acquire feed mill in Tamil Nadu. The company s board will meet on December 23 to consider a proposal to acquire a feed mill. Tata Motors has decided to raise its passenger vehicles' prices by upto Rs 20,000 from January 2016. The company is planning to increase the prices due to impact of various macro-economic factors. The Ministry of Water Resources, River Development & Ganga Rejuvenation, Govt. of India has awarded the work to National Buildings Construction Corporation (NBCC) to carry out work on Condition Assessment & Feasibility Study and Entry Level Activities under National Mission for Clean Ganga (NMCG) for all towns and cities of Bihar on the bank of river Ganga. HSIL is going to launch a new product i.e. Air Purifiers under the brand name Moonbow on December 15, 2015. The company is also in the process of launching water purifiers for home segment. As a part of its manufacturing consolidation in the US, Sun Pharmaceutical Industries one of wholly owned subsidiaries has entered into an agreement with Nostrum Laboratories Inc. (Nostrum) for the divestment of the Bryan (Ohio) unit in the US. NHPC shall completely shut-down its Parbati-III Power Station (4X130 MW) in Himachal Pradesh with effect from December 15, 2015 to February 15, 2016. This shut-down is in order to carry out repair of pressure shaft, sealing of surge shaft gate & MIV seals and annual maintenance of units. Jet Airways, India s premier international airline will be launching daily non-stop services between India and Amsterdam, its new European gateway which is ideally located for convenient onward connections. With effect from March 27, 2016, Jet Airways will operate two daily non-stop flights to Amsterdam Airport Schiphol, one each from its home hubs in Mumbai and New Delhi. Voltas has been honoured with the First Prize in the category Manufacturers of BEE Star Labeled Appliances (Air Conditioner), part of the National Energy Conservation Award 2015. The company had previously won the same award in December 2013. Conferred by the Ministry of Power s Bureau of Energy Efficiency, the award was presented to Voltas on National Energy Conservation Day. Hotel Leelaventure has completed the sale of hotel in Goa, namely The Leela, Goa on December 14, 2015, on a slump sale basis, for a lump sum consideration of Rs 725 crore..economy Govt looks to include micro, small and medium industries in startup definition In order to boost the Make in India campaign, the government is considering a proposal to include micro, small and medium enterprises (MSMEs) in its definition of startups. The Department of Industrial Policy and Promotion (DIPP) is leading the exercise of formulating the startup policy, along with ministries such as finance, skill development and MSME among others. Including MSMEs, collectively one of the biggest employers of people in India, is seen as positive for manufacturing and therefore employment generation, key aims of the Make in India programme. Besides, officials are also discussing specific criteria that would make an MSME eligible to be called a startup which would determine eligibility for incentives such as fewer compliance conditions,
cheaper credit and tax benefits. In order to qualify as a startup, an entity would also have to meet certain financial standards besides having a level of innovation in its product or service. The Start-Up India initiative is scheduled to be announced by Prime Minister Narendra Modi in January 2016 and the policy needs to be finalised by then. India wants to create an ecosystem that encourages entrepreneurship and is collecting suggestions from the startup community for steps that need to be taken to ensure that the Start-Up India initiative is a success. Dept of disinvestment looking at more realistic target of Rs 40,000 crore in FY2017 For the financial year 2016-17, the Department of Disinvestment is keen on having a less ambitious fund raising target of about Rs 35,000-40,000 crore, through stake sales in public sector units. The issue will be discussed with the Departments of Expenditure and Economic Affairs, which will ultimately finalize Budget targets for 2016-17. However, the Department of Disinvestment is more optimistic about PSU stake sales in 2016-17, with a policy on strategic sales which likely to be in place soon. For the financial year 2015-16, Union budget had set a target of Rs 69, 500 crore from PSU stake sales. Out of which Rs 41,000 crore is to be raised from minority stake sales and Rs 28,500 crore through strategic sales. So far the department has been able to raise just Rs 12,701 crore Notably, the reliance on disinvestment proceeds is unlikely to ease even next fiscal year, with the Centre facing heavy and multiple expenditure demands, including those for implementation of the Seventh Pay Commission recommendations and the One Rank, One Pension scheme for defence personnel. Government in its Medium Term Fiscal Policy Statement of Union Budget 2015-16 has outlined plans to raise Rs 55,000 crore and Rs 50,000 crore in 2016-17 and 2017-18, respectively, as disinvestment proceeds. Government to infuse Rs 5,000 crore into public sector banks Depending on the improvements in performance and efficiency, the finance ministry will infuse Rs 5,000 crore in public sector banks (PSBs) to boost their capital. In total eight lenders are expected to benefit from this last round of capitallisation in the ongoing fiscal year, including Vijaya Bank, Indian Bank and Syndicate Bank. Finance Ministry stated that We are committed to support PSBs but the onus is on them to improve their profitability and return on assets (RoA), which will be the key factors before allocating any further amount. The other parameters on which banks will be assessed include bad loans and growth in low-cost deposits. The finance ministry has also identified six banks - Bank of India, IDBI, Indian Overseas Bank, Bank of Maharashtra, UCO Bank, and United Bank of India which require special focus to arrest bad loans. Parliament's nod was sought for additional spending of Rs 56,256 crore in the second supplementary demand for grants, largely to cover excess expenditure on defence pensions and the Swachh Bharat Abhiyan. CPI inflation in November accelerates to 14 month high of 5.41% The retail or the Consumer Price Index (CPI) inflation for the month of November rose for the 4th-month in a row in November, accelerating to a 14-month high of 5.41 per cent from 5.0 per cent year-on-year in October, on sharp pickup in food prices and posing a challenge to further easing of monetary policy by the Reserve Bank. As per the data released by the Ministry of Statistics and Programme Implementation, the Consumer Price Index (CPI) on Base 2012=100 for Rural, Urban and Combined for the Month of November 2015 stood at 5.95%, 4.71% and 5.41% respectively as against 5.54%, 4.28% and 5.00 in the month of October 2015. On the same time, Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined for the month of November 2015 stood at 5.83%, 6.53% and 6.07% respectively. The General Indices (Provisional) for the month of November 2015 for Rural, Urban and Combined are 128.3, 124.6 and 126.6 respectively. The CFPI for Rural, Urban and Combined for the same month are 132.5, 133.7 and 132.9 respectively. The rise in inflation was largely because of a spike in prices of some select food items that drove consumer food price inflation to 6.07 per cent in November from 5.25 per cent in October. Product wise, the inflation in pulses and products category rose to a
staggering 46.08 percent in November, which pushed up the overall index for food and beverages to 6.08 percent. The price rise in spices category was higher at 10.53 percent and for Pan, tobacco and intoxicants at 9.50 percent. The inflation of oil and fats stood at 6.59 percent. Fitch retains India's sovereign rating at BBB-/Stable Global rating agency Fitch has retained India's sovereign rating at BBB-/Stable -- the lowest investment grade and said that the country will continue to post good growth despite subdued prospect for the Asia Pacific region amid expected rise in US rates, dollar strength, and lower commodity prices. Fitch said that sovereigns are generally much less reliant on foreign-currency financing, and many countries now have more flexible exchange-rate regimes in place of the more prevalent use of explicit pegs before 1997. Adding that this gives authorities greater scope to let exchange rates act as a buffer today compared with the mid-1990s However, the rating agency expects Emerging Asia growth to slow to 6.3 per cent in 2016 from 6.5 per cent, driven almost entirely by a projected slowdown in China. Excluding the two giants China and India, the region is projected to expand 5.2 per cent in 2016 from 5 per cent, the fastest of any emerging region, it said in its report 'Emerging Asia Sovereign Outlook 2016 Source: Reuters, Ace Equity & LKP Research
Tech View CNX Nifty Technical View Nifty continued to show some signs of recovery and closed near high point of day at around 7700 levels implying that if it manages to sustain 7720 then a short term uptrend till 7800-7850 can be seen, though global events are likely to influence direction in Nifty in coming days. The market breadth has seen some improvement which if continues to see improvement can lead to a sustained upside ahead. Nifty is expected to open on positive note and may test 7730 levels which if held can lead to 7780 levels during the day and any fall below 7700 levels can lead to a fall till 7650 levels. IMPORTANT LEVELS FOR THE DAY Support BSE NSE BANKNIFTY S1 25,081 7628 16191 S2 24,877 7567 16010 Resistance R1 25,411 7726 16484 R2 25,616 7787 16665 Pivot 25,246 7,677 16,337
Tech View PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 ACC 1338 1363 1348 1336 1324 1310 GAIL 341 350 345 341 337 332 ADANIENT 79 83 81 79 77 75 GLENMARK 862 881 870 861 852 841 ADANIPORTS 252 262 257 254 250 245 GMRINFRA 15 16 15 15 15 14 ADANIPOWER 27 28 27 27 27 26 GODREJIND 358 373 365 359 353 345 ALBK 68 70 69 68 67 66 GRASIM 3684 3778 3717 3667 3618 3557 AMBUJACEM 193 198 195 193 190 187 HAVELLS 302 314 307 302 297 290 ANDHRABANK 62 63 63 62 61 60 HCLTECH 845 857 851 845 840 833 APOLLOHOSP 1392 1449 1419 1394 1369 1339 HDFC 1207 1239 1217 1199 1181 1159 APOLLOTYRE 149 157 153 150 146 142 HDFCBANK 1059 1079 1066 1056 1045 1032 ARVIND 301 312 305 299 293 286 HDIL 63 65 64 63 62 61 ASHOKLEY 87 89 88 87 86 84 HEROMOTOCO 2568 2650 2595 2552 2508 2453 ASIANPAINT 879 894 883 875 867 856 HEXAWARE 236 240 238 236 234 232 AUROPHARMA 823 835 828 822 816 809 HINDALCO 79 81 80 79 77 76 AXISBANK 436 444 439 434 430 424 HINDPETRO 811 843 828 816 804 789 BAJAJ-AUTO 2437 2499 2458 2424 2391 2350 HINDUNILVR 859 886 868 853 839 821 BANKBARODA 158 163 160 158 155 152 HINDZINC 146 156 150 145 140 134 BANKINDIA 116 118 117 116 114 113 IBREALEST 59 63 60 58 56 54 BATAINDIA 485 502 492 483 474 463 ICICIBANK 246 252 249 246 243 239 BHARATFORG 823 859 835 815 795 771 IDBI 82 86 84 82 81 79 BHARTIARTL 309 315 311 308 305 300 IDEA 132 140 136 132 128 124 BHEL 166 171 168 166 164 161 IDFC 45 46 46 45 45 44 BIOCON 472 485 478 473 468 461 IFCI 25 26 25 25 25 24 BPCL 890 909 898 889 880 869 IGL 469 482 475 470 465 458 CAIRN 127 132 129 126 124 121 INDIACEM 85 88 86 85 83 82 CANBK 239 248 244 240 236 232 INDUSINDBK 918 941 927 916 905 892 CENTURYTEX 545 556 549 544 539 532 INFY 1078 1100 1084 1072 1059 1044 CESC 519 532 525 519 513 506 IOB 31 31 31 31 30 30 CIPLA 639 646 642 639 636 632 IOC 418 426 421 418 414 410 COALINDIA 315 323 319 315 312 307 IRB 236 244 239 235 232 227 COLPAL 1001 1028 1010 994 979 960 ITC 323 330 325 322 318 313 CROMPGREAV 187 196 191 188 184 180 JINDALSTEL 91 94 92 90 89 87 DABUR 273 282 275 270 265 259 JISLJALEQS 63 66 64 62 60 58 DISHTV 93 98 96 94 92 89 JPASSOCIAT 11 11 11 11 10 10 DIVISLAB 1119 1145 1133 1122 1112 1100 JPPOWER 7 7 7 7 6 6 DLF 108 111 109 108 107 106 JSWENERGY 76 80 78 76 74 72 DRREDDY 2994 3084 3042 3007 2973 2931 JSWSTEEL 1013 1046 1029 1015 1001 983 EXIDEIND 144 149 146 143 140 136 JUBLFOOD 1431 1475 1453 1436 1419 1398 FEDERALBNK 54 55 54 54 53 52 JUSTDIAL 924 990 949 915 882 841
Tech View Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 KOTAKBANK 687 711 694 681 668 651 TATACHEM 396 406 400 394 389 382 KTKBANK 118 120 119 118 117 116 TATACOMM 407 416 410 405 400 394 L&TFH 65 66 65 65 64 64 TATAGLOBAL 134 137 135 134 133 131 LICHSGFIN 471 485 478 471 465 458 TATAMOTORS 380 397 385 375 366 354 LT 1283 1313 1294 1279 1264 1246 TATAMTRDVR 281 295 285 278 270 261 LUPIN 1793 1854 1812 1778 1743 1701 TATAPOWER 61 63 62 62 61 60 M&M 1289 1327 1307 1291 1274 1254 TATASTEEL 244 253 248 244 241 236 M&MFIN 243 249 245 242 239 235 TCS 2376 2405 2388 2375 2361 2344 MARUTI 4620 4704 4650 4606 4562 4508 TECHM 520 572 548 528 509 485 MCDOWELL-N 3028 3188 3114 3054 2994 2920 TITAN 364 381 369 360 350 339 MCLEODRUSS 172 177 174 172 169 167 UBL 916 947 930 917 905 888 MRF 38791 39349 39044 38797 38550 38244 UCOBANK 43 44 44 43 42 42 NHPC 19 19 19 19 19 18 ULTRACEMCO 2863 2923 2887 2859 2830 2795 NMDC 89 92 90 89 88 86 UNIONBANK 146 150 147 145 143 140 NTPC 132 136 134 132 130 128 UNITECH 6 7 6 6 6 6 OFSS 3797 3909 3832 3769 3707 3629 UPL 419 435 424 415 406 394 ONGC 218 224 220 217 213 209 VOLTAS 301 316 306 298 289 279 ORIENTBANK 133 137 135 133 131 129 WIPRO 559 581 570 562 553 543 PETRONET 239 248 244 240 236 232 YESBANK 691 713 699 687 676 662 PFC 207 213 210 207 205 202 ZEEL 408 417 413 409 405 400 PNB 122 128 125 123 120 117 POWERGRID 130 132 130 129 127 125 PTC 59 60 60 59 58 58 RCOM 80 84 82 81 79 77 RECLTD 215 222 219 215 212 208 RELCAPITAL 388 402 395 390 384 378 RELIANCE 976 1003 984 969 954 936 RELINFRA 423 436 429 423 417 411 RPOWER 49 50 49 48 48 47 SAIL 45 47 46 45 45 44 SBIN 226 230 228 226 224 221 SIEMENS 1162 1199 1178 1161 1143 1122 SRTRANSFIN 791 825 807 792 777 759 SUNPHARMA 774 792 782 775 767 758 SUNTV 383 394 388 382 376 370 SYNDIBANK 85 87 86 85 84 82
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