Embed Size (px)
Citation preview
TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : The equity benchmark has opened in a Positive bias on Monday with 50
Shares Nifty50 up 90 points or 1.05 per cent at 8413. The Nifty50 reclaimed its Crucial
level of 8400 for the first time in last 10 Month. The Nifty 50 had managed to Sustain
above its major Support of 8250 last week and we are Expecting this Support will remain
intact this week too. Quarter1 of FY17 Results would be Important data point Investors are
waiting for. Though this is likely to become a huge Trigger for the Market in General. The
US Job Market data For June blew everyone’s mind, After crushing to 38,000 in may In
June the US created 2,87,000 additional jobs. The traction in Indian Equities continue to
be strong aided by a rally in Global Equities. As the risk of rise in interest rate in
developed market recedes. The Bank of England keep interest rate unchanged. In such a
scenario, The Nifty 50 is likely to follow suit and make new high soon. Move beyond
8600 is likely to take the index higher up to 8900 levels. The crucial levels for Nifty is
8680-8750 is up side and 8420-8530 downside.
BANK NIFTY : - The Bank Nifty opened in a positive note on Monday up by 252 point
or 1.36 per cent at 18268. The Reserve Bank of India is bracing for a fight on proposed
charges to the global regulatory framework that would hit the Country’s lenders with
higher capital charges for the mountain of Govt. debt on their book. Retail borrower seems
to be moving towards private Sector lenders to meet their loan needs. Ramping up their
market share to 43 percent while the Public Sector Banks is falling as per report. State
owned lenders saddled with bad loans are focused less on Growth say report. The Govt.
Has setup a committee to work with Banks on settlement of NPA as it sought to put in
place an action plan to clean up the books of lenders and comfort them through and
oversight mechanism. The Bank Nifty seems positive in daily chart for next week. The
crucial levels for Bank Nifty is 19220-19450 up side and 18500-18750 down side.
Monday, 18 July 2016
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
8803 8635 8551 8467 8299
WEEKLY R2 R1 PP S1 S2
9066 8702 8520 8338 7974
MONTHLY R2 R1 PP S1 S2
9396 8784 8478 8172 7560
BANK NIFTY
DAILY R2 R1 PP S1 S2
19656 19170 18927 18684 18198
WEEKLY R2 R1 PP S1 S2
20995 19503 18757 18011 16519
MONTHLY R2 R1 PP S1 S2
21952 19740 18634 17528 15316
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 8312 8149 7870 7828
BANK NIFTY 18016 17541 16581 16583
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 7933 7019 6500
BANK NIFTY 17285 16538 16335
PATTERN FORMATION ( NIFTY )
Detail of Chart -
On the Above given daily Chart of Nifty has drawn the multiple Resistance and the Trend
line in daily Candlestick Chart it has Formed the hanging man from last two trading
session now it seems that it has formed the Strong bullish candle which is giving the
Signal toward the Bull Market. The Nifty has managed to sustain its crucial Support level
of 8350 which lead the Nifty Toward 8500-8600 we are Expecting that if rally is
Continue we may witness the New high of Nifty in upcoming week. Now the 8600 level
is very important as Resistance level if it break we may touch the level of 8900 in near
term. The Crucial levels for Nifty is 8630-8800 up side and 8450-8380 is down side.
PATTERN FORMATION ( BANK NIFTY )
Details of Chart-
On the Above Given daily Chart of Bank Nifty has Applied the Bollinger Band and
Parabolic SAR both the Indicators are Leading which tells the trend of the market. Some
traders buy when Middle band Break the up side or sell when it break down side. The Use
of Bollinger Band varies from Traders to Traders as we can see that on the Above given
Chart of Bank Nifty it has break the Upper band which is a Signal of Bull Market in
Near-Term. It has also formed the Bullish Engulfing candle in daily Chart which is also
the Bullish market signal, From that level we are expecting that if the Bank Nifty is able
to break the level of 19000. The Rally may Continue Toward the bull side for next week.
The Crucial level for Bank Nifty is 19170-19460 up side and 18690-18280 down side.
NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1655 1634 1624 1603 1593
ALBK EQ 83 81 80 78 77
AMBUJACEM EQ 267 264 261 258 255
ASIAN PAINT EQ 1037 1031 1024 1018 1011
AXISBANK EQ 577 571 563 557 549
BAJAJ-AUTO EQ 2717 2702 2684 2669 2651
BANKBARODA EQ 170 168 165 163 160
BANKINDIA EQ 118 117 116 115 114
BHEL EQ 146 145 143 142 140
BHARTIARTL EQ 386 382 373 369 360
CIPLA EQ 523 519 515 511 507
COALINDIA EQ 327 324 322 319 317
DLF EQ 161 158 157 154 153
DRREDDY EQ 3631 3598 3581 3548 3531
GAIL EQ 400 397 393 390 386
GRASIM EQ 4906 4868 4806 4768 4706
HCLTECH EQ 752 734 722 704 692
HDFC EQ 1385 1372 1346 1133 1307
HDFCBANK EQ 1245 1234 1215 1204 1185
HEROMOTOCO EQ 3311 3278 3259 3226 3207
HINDALCO EQ 140 138 137 135 134
HINDUNILVR EQ 960 951 941 932 922
ICICIBANK EQ 272 268 266 262 260
ITC EQ 254 252 250 248 246
INDUSIND BANK EQ 1147 1137 1125 1115 1103
INFY EQ 1241 1155 1104 1018 967
JINDALSTEL EQ 76 75 73 72 70
KOTAKBANK EQ 787 780 773 766 759
LT EQ 1617 1602 1579 1564 1541
M&M EQ 1502 1483 1466 1447 1430
MRF EQ 35076 34635 34388 33947 33700
MARUTI EQ 4547 4512 4458 4423 4369
ONGC EQ 234 232 230 228 226
ORIENTBANK EQ 128 125 123 120 118
RCOM EQ 53 52 51 50 49
RELCAPITAL EQ 421 413 408 400 395
RELIANCE EQ 1030 1022 1012 1004 994
RELINFRA EQ 575 563 556 544 537
RPOWER EQ 54 53 52 51 50
SBIN EQ 236 233 232 229 228
SSLT( VEDL) EQ 170 167 164 161 158
SUNPHARMA EQ 779 775 769 765 759
TATAMOTORS EQ 513 504 491 482 469
TATAPOWER EQ 74 73 71 70 68
TATASTEEL EQ 385 379 367 361 349
UNIONBANK EQ 145 142 140 137 135
TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS)
Cash Pack
NSE CASH : BUY TATAMTRDVR NSE CASH ABOVE 320 TGT 335 SL 312.
NSE CASH : BUY INFRATEL NSE CASH ABOVE 360 TGT 380 SL 350.
NSE CASH : BUY LUPIN NSE CASH ABOVE 1685 TGT 1770 SL 1640.
Future Pack
NSE FUTURE : BUY TATAMOTORS FUTURE ABOVE 503 TGT 510 SL 499.
NSE FUTURE : BUY YESBANK FUTURE ABOVE 1180 TGT 1200 SL 1170.
NSE FUTURE : SELL M&M FIN FUTURE BELOW 324 TGT 318 SL 327.
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 BERGER PAINTS 297 223 -24.84 %
2 EMAMI INFRA 82.55 69.80 -15.45 %
EMAMI INFRA
82.55
69.80
-15.45 %
EMAMI INFRA
82.55
69.80
-15.45 %
EMAMI INFRA
82.55
69.80
-15.45 %
EMAMI INFRA
82.55
69.80
-15.45 %
EMAMI INFRA
82.55
69.80
3 GLOBAL OFFS 159 141 -10.99 %
4 TV18BROADCAST 45.75 40.80 -10.82 %
TV18BROADCAST
45.75
40.80
-10.82 %
TV18BROADCAST
45.75
40.80
-10.82 %
TV18BROADCAST
45.75
40.80
-10.82 %
TV18BROADCAST
45.75
40.80
-10.82 %
TV18BROADCAST
45.75
40.80
5 KIRI INDUSTRIES 389 348 -10.43 %
6 THOMAS COOK 217 195 -10.23 %
THOMAS COOK
217
195
-10.23 %
THOMAS COOK
217
195
-10.23 %
THOMAS COOK
217
195
-10.23 %
THOMAS COOK
217
195
-10.23 %
THOMAS COOK
217
195 7 M&M FINSERV 354 321
-9.23 %
8 PRAJ INDUSTRIES 92.85 85.60 -7.81 %
PRAJ INDUSTRIES
92.85
85.60
-7.81 %
PRAJ INDUSTRIES
92.85
85.60
-7.81 %
PRAJ INDUSTRIES
92.85
85.60
-7.81 %
PRAJ INDUSTRIES
92.85
85.60
-7.81 %
PRAJ INDUSTRIES
92.85
85.60
9 INFOSYS 1158 1072 -7.40 %
10 UNITED SPIRITS 2624 2446 -6.80 %
UNITED SPIRITS
2624
2446
-6.80 %
UNITED SPIRITS
2624
2446
-6.80 %
UNITED SPIRITS
2624
2446
-6.80 %
UNITED SPIRITS
2624
2446
-6.80 %
UNITED SPIRITS
2624
2446
11 JUST DIAL LTD. 592 553 -6.65 %
12 CYIENT LIMITED 505 473 -6.36 %
CYIENT LIMITED
505
473
-6.36 %
CYIENT LIMITED
505
473
-6.36 %
CYIENT LIMITED
505
473
-6.36 %
CYIENT LIMITED
505
473
-6.36 %
CYIENT LIMITED
505
473 13 B F UTILITIES 568 532
-6.29 %
14 TATA ELXSI LTD. 1732 1628
-5.97 %
TATA ELXSI LTD.
1732
1628
-5.97 %
TATA ELXSI LTD.
1732
1628
-5.97 %
TATA ELXSI LTD.
1732
1628
-5.97 %
TATA ELXSI LTD.
1732
1628
-5.97 %
TATA ELXSI LTD.
1732
1628 15 MPHASIS LTD. 569 535 -5.87 %
SR.NO SCRIPT NAME PREV
CLOSE CMP % CHANGE
1 TATA STEEL 318 372 +17.14 %
2 ICICI BANK 241 265 +9.84 %
ICICI BANK
241
265
+9.84 %
ICICI BANK
241
265
+9.84 %
ICICI BANK
241
265
+9.84 %
ICICI BANK
241
265
+9.84 %
ICICI BANK
241
265
3 IDEA CELLULAR 102 111 +8.92 %
4 HINDALCO INDUS 126 137 +8.32 %
HINDALCO INDUS
126
137
+8.32 %
HINDALCO INDUS
126
137
+8.32 %
HINDALCO INDUS
126
137
+8.32 %
HINDALCO INDUS
126
137
+8.32 %
HINDALCO INDUS
126
137
5 MARUTI SUZUKI 4161 4472 +7.45 %
6 BHARTI AIRTEL 355 378 +6.72 %
BHARTI AIRTEL
355
378
+6.72 %
BHARTI AIRTEL
355
378
+6.72 %
BHARTI AIRTEL
355
378
+6.72 %
BHARTI AIRTEL
355
378
+6.72 %
BHARTI AIRTEL
355
378
7 ADANI PORTS 207 220 +6.50 %
8 BANK BARODA 154 164 +6.14 %
BANK BARODA
154
164
+6.14 %
BANK BARODA
154
164
+6.14 %
BANK BARODA
154
164
+6.14 %
BANK BARODA
154
164
+6.14 %
BANK BARODA
154
164
9 SBIN 218 231 +6.05 %
10 HDFC 1286 1364 +6.00 %
HDFC
1286
1364
+6.00 %
HDFC
1286
1364
+6.00 %
HDFC
1286
1364
+6.00 %
HDFC
1286
1364
+6.00 %
HDFC
1286
1364 11 TATA MOTORS 466 494 +5.94 %
12 YES BANK LTD 1120 1179 +5.26 %
YES BANK LTD
1120
1179
+5.26 %
YES BANK LTD
1120
1179
+5.26 %
YES BANK LTD
1120
1179
+5.26 %
YES BANK LTD
1120
1179
+5.26 %
YES BANK LTD
1120
1179 13 HDFC BANK 1174 1223 +4.16 %
14 ZEEL 453 471 +4.16 %
ZEEL
453
471
+4.16 %
ZEEL
453
471
+4.16 %
ZEEL
453
471
+4.16 %
ZEEL
453
471
+4.16 %
ZEEL
453
471
15 ULTRATECH CEM 3400 3531 +3.86 %
AM
BUJ
A
CEM
ENT
204 232 +13.67
% AMBUJA CEMENT
1. B
O
S
C
H
L
T
D
.
18128 20371 +12.37
% 2. B
OSCH
LTD.
1
8
1
2
8
2
0
3
7
1
+
1
2.
3
7
%
3. B
O
S
C
H
L
T
D
.
1
8
1
2
8
2
0
3
7
1
+
1
2.
3
7
%
4. B
O
S
C
H
L
T
D
.
1
8
1
2
8
2
0
3
7
1
+
1
2.
3
7
%
5. B
O
S
C
H
L
T
D
.
1
8
1
2
8
2
0
3
7
1
+
1
2.
3
7
%
6. B
O
S
C
H
L
T
D
.
1
8
1
2
8
2
0
3
7
1
+
1
2.
3
7
%
ACC 1240 1385 +11.68
% ACC
NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
Consumer SME loan Market to reach $ 3 trillion in 10 Years - Report - With the
government taking various initiatives for hassle-free and cashless financial transactions,
the consumer and SME loan market is expected to grow to $3,020 billion over the next
decade, says a Credit Suisse report. As per the report by the Swiss brokerage, the
domestic financial landscape is likely to transform mainly on the back of government
initiatives like Jan Dhan, Aadhaar and the unified payment interface, as also rising mobile
penetration. "These initiatives have created backbone for instantaneous, inter-operable,
cashless financial transactions. We estimate the consumer and SME loan market will
grow from $ 600 billion to $ 3,020 billion over the next decade," the report said.
GST a 'brahmastra' for India to tackle globally difficult times: Assocham - As the
Winter Session of Parliament began today, industry body Assocham appealed to the
Opposition parties to help in the passage of GST bill as it can be a 'brahmastra' for India
in challenging global times. "Goods and Services Tax is a key 'brahmastra' for our GDP.
Lawmakers across parties should pass the Constitutional Amendment Bill on GST
without further delay," the new Assocham President Sunil Kanoria said. "This would
send a strong signal to investors that India's economy can overcome serious global
challenges with political will,"He said the economy was affected by demand slowdown,
uncertain geopolitical situation after the Paris terror attacks, and an unprecedented crash
in vital commodities. "GST will harmonise indirect taxes by doing away with multiplicity
of taxes. It will also reduce cost of production, which will be then passed on consumers,
thus lowering inflation. More striking would be the display of a political unity and the
will to rise up to national cause," he said. Timely implementation of GST would raise the
GDP by 1.5 to 2 per cent, Kanoria said adding the Opposition should not change their
earlier stance.
India's June WPI at 1.62%, food articles inflation at 8.18% - Wholesale inflation rose
further in June because of pricier vegetables and a small uptick in manufactured goods,
suggesting that industry is getting some respite from declining prices. Wholesale
inflation, as measured by the wholesale price index, rose to 1.62% in June from 0.79% in
May, data released by the government on Wednesday showed. Data released on Monday
had shown consumer inflation at a 22-month high in June because of spike in inflation in
food articles. Wholesale food inflation which jumped to 8.18% led by potatoes and pulses
which were dearer by 64.48% and 26.61% respectively from a year ago.
Retail inflation to cross 6% before easing from September: HSBC - : Retail inflation
is likely to cross the 6 per cent level over next two months but will ease thereafter as food
prices abate and the base effect normalises, says a report. According to global financial
services major HSBC, the inflation based on Consumer Price Index is expected to cross
the 6 per cent year-on-year mark over the next two months, and would ease to 5 per cent
from September onwards. "We expect headline CPI inflation to cross the 6 per cent y-o-y
mark over the next two months, thanks to a low base from last year. However, inflation is
likely to take a turn towards RBI's target of 5 per cent from September onwards as food
prices abate and the base normalises," HSBC said in a research note.
Banks' gross NPA levels to be at 8-8.5 per cent in FY17: Icra - Gross non-performing
loans of banks are nearing peak levels and may be in range of 8-8.5 per cent by March-
end, domestic rating agency Icra said today. "Gross NPAs could be nearing peak levels.
We project banks' gross NPAs to be in the range of 8-8.5 per cent by March 2017," it said
in a report here. Banks' gross bad loans stood at 7.7 per cent as on March 2016. It added
asset quality is not expected to improve substantially in near term. "Significant
improvement in asset quality will hinge upon economic recovery in credit intensive
sectors, as well as successful execution of deleveraging efforts by some stressed corporate
groups," he said. The report said credit growth is likely to be in the range of 11-12 per
cent in 2016-17, primarily driven by retail and other smaller ticket loans.
Indian economy can have 25% share of manufacturing by 2025: Report - India is
expected to increase the share of manufacturing in the overall economy to 25 per cent by
2025 from the current 16 per cent on account of various measures taken by the
government, Dun & Bradstreet said today. The various steps taken by the government in
terms of measures for ease of doing business, creation of conducive environment for the
manufacturing activities, focus on improving industrial policies and FDI enhancement
would aid in reviving the manufacturing sector manufacturing sector and achieving global
competitiveness, it said in a statement. "We expect India to realise the target of 25 per
cent share of manufacturing in overall economy at best by 2025. Going forward, changing
economics of production and distribution and frequent shifts in consumer demand will
require manufacturers to adopt new process and make new products," Arun Singh, Lead
Economist, Dun & Bradstreet India, said.
India Inc's foreign investment down 3% to $ 1.86 billion in June - Direct investments
by Indian firms abroad fell by 3.2 per cent year-on-year to $1.86 billion in June this year,
according to RBI data. Indian companies had invested $1.92 billion in their overseas
ventures in June 2015. In May 2016, Indian firms had invested $ 2.69 billion as overseas
investment. The investments were in the form of issuance of guarantees $1 billion, loans
246.51 million and equity $610.87 million. The prominent investors overseas during the
month include Tata Communications $ 483 million in a fully-owned subsidiary in
Mauritius and Strides Acrolab Ltd which committed $ 130.16 million in the wholly-
owned subsidiary in Singapore. Tata Communications also invested $ 67 million in two
separate wholly-owned units in Singapore.
✍ TOP ECONOMY NEWS
Business activity in the services sector grew at its second slowest pace in the last 12
months and the Nikkei India Services Business Activity Index recorded 50.3 in June.
Merger & acquisition deals involving Indian companies increased 82% in the first half of
2016 at USD 27 billion in the first half of 2016, the highest in the first six months in any
year since 2011 led by a four and a half time increase of Indian acquisitions abroad at
USD 4.5 billion.
The Finance Ministry has imposed definitive anti-dumping duty on purified terephthalic
acid imports from China, Iran, Taiwan and Indonesia.
Jharkhand has received 27 investment proposals of Rs. 1 trillion in mining, power,
agriculture, food processing, health, education and tourism.
Telecom Regulatory Authority of India extended the deadline for comments on the
consultation paper on 'Review of Voice Mail/Audiotex/Unified Messaging Services
Licence' to July 25 and counter comments to August 8 from the previous deadline of July
11 and counter-comments of July 25.
The Index of Industrial Production grew 1.2% in May as against a negative growth of
1.3% in April.
Retail inflation inched up to a 22-month high level of 5.77% in June on increase in food
prices including that of key kitchen staples like vegetables and cereals.
India's fuel demand rose 6.2% in June compared with the same month last year.
The Ministry of Petroleum and Natural Gas will host roadshows in Houston in the United
States of America and Calgary, Canada for the Discovered Small Fields Bid Round 2016.
The Telecom Regulatory Authority of India has said that a flat spectrum usage charge is
the best option, but proposed its own weighted average formula to calculate the annual
charge.
Government will sell four dated securities for Rs.150 billion using multiple price method.
There has been five-time jump to Rs. 25,000 for flyers to buy goods from duty free shops
at international airports across the country.
✍ TOP CORPORATE NEWS -
Bharti Airtel is set to extend its 4G footprint to 19 circles in next 3-4 months as it will be
launching services in six circles where it acquired spectrum from Videocon
Telecommunications.
Cipla Limited is investing 1.3 billion South African Rand about Rs. 6 billion in a biotech
plant in South Africa as it aims to make cancer drugs affordable and grow its presence in
the market.
DLF Limited has shortlisted six potential buyers for 40% stake of the promoters in its
rental arm DLF Cyber City Developers that is expected to sell for about Rs 130 billion.
Cadila Healthcare has received Establishment Inspection Report from the US health
regulator for its manufacturing facility in Moraiya.
Scepticism over the Rs. 48 billion acquisition of Reliance Cement shrouded Birla
Corporation’s annual general meeting as shareholders raised questions about the
feasibility of the deal as well as its financing.
Lupin Limited said US health regulator has voiced minor concerns after completing the
inspection of its Dabhasa facility in Gujarat.
Cadila Healthcare sees big growth opportunity in US and Latin American formulation
markets and plans to enhance share in the US generics market by launching complex, oral
solids and formulations.
Telecom Ministry is learnt to have cleared the Rs. 35 billion 4G spectrum trading deal
between service providers Bharti Airtel and Aircel.
Dishman Pharmaceuticals and Chemicals Limited has completely moved away from
Vitamin D3 production and has instead entered a high-margin, low volume category of
analogs and cholesterol.
The Odisha Pollution Control Board has extended the validity of the consent to establish
order issued to DLF Limited by five years.
The Coal India Limited board decided to buy back 1.72% of its shares by using Rs.
36.50 billion from its reserves of more than Rs. 380 billion.
Vedanta Limited has signed two memoranda of understanding with South African
companies for supply of equipment, and transfer of technology to improve safety and
productivity at its underground mines of its subsidiary, Hindustan Zinc Limited.
Bharti Airtel, Vodafone India and Idea Cellular -- are kicking their content act into top
gear before Reliance Jio Infocomm's launches 4G services commercially.
Adani Power Jharkhand unit would supply 1600 MW power to Bangladesh from the
proposed plant coming up in Godda district.
Cairn Energy parent company of Cairn India Limited has sought USD 5.6 billion in
compensation from the Indian government for raising a retrospective tax demand of Rs.
290.47 billion on 10-year-old internal reorganisation of its India unit.
Suven Life Sciences Limited has been granted a patent each by India and South Africa
for a drug used in the treatment of neuro-degenerative diseases.
Mahanagar Telephone Nigam Limited and Hungama have partnered to offer exclusive
entertainment service to MTNL’s broadband customers in Delhi and Mumbai.
Bharti Airtel, which offers services in 16 African countries, and Apollo Hospitals
enterprises Limited have signed a Memorandum of Understanding to enhance
healthcare cooperation across Africa.
IndusInd Bank Limited has opened international banking unit at the International
Financial Services Centre in the Gujarat International Finance Tech-City to meet the
requirements of offshore banking operations from India.
IDFC Bank Limited announced the acquisition of Tamil Nadu-based Grama Vidiyal
Microfinance that will help it widen the reach.
Sun Pharmaceutical Industries announced the roll-out of Gemcitabine InfuSMART,
used in the treatment of cancer, in Europe.
Cadila Healthcare Limited, has received final approval from the US Food and Drug
Administration for Nateglinide tablets USP.
Ashok Leyland has bagged orders for supplying nearly 3,600 buses to various state
transport units in the current financial year.
BEML Limited, has set up a service training centre at its Mysore Complex proving
commitment towards ‘Skill India Campaign’.
GSPL India Transco Limited, a subsidiary of Gujarat State Petronet Limited, signed a
Gas Transportation Agreement with Ramagundam Fertilizers & Chemicals Limited on
July 8, 2016, to supply 2MMSCMD of natural gas for a period of 20 years.
The government has asked power sector financiers Power Finance Corporation
Limited and Rural Electrification Corporation Limited to expand focus on funding
renewable energy generation projects, power, coal, renewable energy and mines.
Apollo Hospitals has signed a pact with Stanford University to gain insights into
cardiovascular risks reduction in South Asians.
The Amin Group is set to acquire Jyoti Structures through what will be the first stake
sale by the contractor of transmission projects since lenders took its control after a
strategic debt restructuring.
Promoters of Reliance Communications Limited have pledged 38 million shares at an
estimated value of Rs. 1.90 billion before private banks.
Greaves Cotton Limited has forayed into multi-brand spares business, which is an
extension to its after-market services.
Housing Development Finance Corporation Limited or HDFC will issue rupee
denominated bonds worth Rs. 20 billion, with a greenshoe option of Rs. 10 billion to
foreign investors outside the United States.
Inox Wind Limited has bagged an order for supply and commissioning of 50 mw of
wind turbines for Atria Wind Power.
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
The Reserve Bank of India's determined push against banks to recover dues from
defaulters has been hobbled by the lack of staff at the Debt Recovery Appellate Tribunal
hearing the case of lenders trying to recover over Rs 200 crore of accrued interest from
Airbus SAS. Banks have to wait for another couple of months for the next hearing and
hope that the vacancies fill up by then. The case is pending at Chennai DRAT for more
than two years and senior bank officials said that no hearing took place at the successive
scheduled dates as there was no chairperson for quite some time. Last hearing date was
July 7 and that too was adjourned without a hearing.
IndusInd Bank reported a 26% rise in net profit for the quarter ended June 30, led by
strong demand for both commercial and personal loans. The private bank, the first among
the main lenders to announce its Q1 results, said net profit increased to Rs. 661 crore or
Rs 10.64 per cent compared to Rs. 525 crore or Rs 9.74 per cent a year.
In a big relief to State Bank of India the Delhi High Court has restrained nearly 45,000
employees of its five associate banks to go on a nationwide strike. This after the associate
banks filed a plea seeking Delhi High Court's urgent attention on the matter. The court
has restrained State Sector Bank Employees Association and All India Bank Employees'
Association from proceeding ahead with the strike notice.
The Bank Communication to borrower who are unable to do this, will have to agree to a
timeframe to pay back the loans. A process of negotiation is under way with a large
number of clients. The bank's communication to borrowers differs from client to client.
But, due to issues of transparency, its $2 billion exposure to diamond firms may be
significantly lowered over the next two to three years," a person familiar with the
development told.
Private sector HDFC Bank plans to focus on digital platforms in rural and semi-urban
markets to achieve sustained growth in the coming years. The bank is well positioned to
continue to grow faster than the banking sector both in retail and wholesale segmSents,
HDFC Bank said in its annual report for 2015-16. According to the report, "over the next
couple of years, the bank will leverage on its distribution strength and digital platforms
especially in the rural and semi-urban parts of the country for a more sustained growth.
LEGAL DISCLAIMER
This Document has been prepared by Ways2Capital (A Division of High Brow Market
Research Investment Advisor Pvt Ltd). The information, analysis and estimates contained
herein are based on Ways2Capital Equity/Commodities Research assessment and have
been obtained from sources believed to be reliable. This document is meant for the use of
the intended recipient only.
This document, at best, represents Ways2Capital Equity/Commodities Research opinion
and is meant for general information only. Ways2Capital Equity/Commodities Research,
its directors, officers or employees shall not in any way to be responsible for the contents
stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and
all liabilities that may arise from information, errors or omissions in this connection. This
document is not to be considered as an offer to sell or a solicitation to buy any securities
or commodities.
All information, levels & recommendations provided above are given on the basis of
technical & fundamental research done by the panel of expert of Ways2Capital but we do
not accept any liability for errors of opinion. People surfing through the website have
right to opt the product services of their own choices.
Any investment in commodity market bears risk, company will not be liable for any loss
done on these recommendations. These levels do not necessarily indicate future price
moment. Company holds the right to alter the information without any further notice. Any
browsing through website means acceptance of disclaimer.
DISCLOSURE
High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does
not do business with companies covered in research report nor is associated in any
manner with any issuer of products/ securities, this ensures that there is no actual
or potential conflicts of interest. To ensure compliance with the regulatory body,
we have resolved that the company and all its representatives will not make any
trades in the market.
Clients are advised to consider information provided in the report as opinion only
& make investment decision of their own. Clients are also advised to read &
understand terms & conditions of services published on website. No litigations
have been filed against the company since the incorporation of the company.
Disclosure Appendix:
The reports are prepared by analysts who are employed by High Brow Market
Research Investment Advisor Pvt. Ltd. All the views expressed in this report herein
accurately reflects personal views about the subject company or companies & their
securities and no part of compensation was, is or will be directly or indirectly
related to the specific recommendations or views contained in this research report.
Disclosure in terms of Conflict of Interest:
(a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no
financial interest in the subject company and the nature of such financial interest;
(b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no
actual/beneficial ownership of one percent or more in the securities of the subject
company,
(c) High Brow Market Research Pvt. Ltd. or its associate has no other material
conflict of interest at the time of publication of the research report or at the time of
public appearance;
Disclosure in terms of Compensation:
High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its
analysts, professionals reporting to analysts from owning securities of any
company in the analyst's area of coverage.
Analyst compensation: Analysts are salary based permanent employees of High
Brow Market Research Pvt. Ltd.
Disclosure in terms of Public Appearance:
(a) High Brow Market Research Pvt. Ltd. or its associates have not received any
compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months
preceding the date of distribution of the research report.
(c) High Brow Market Research Pvt. Ltd. or its associates has never served as an
officer, director or employee of the subject company;
(d) High Brow Market Research Pvt. Ltd. has never been engaged in market
making activity for the subject company.
