Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The Market has Opened in the positive trend on Monday NIFTY50 was up 4.30 points
or 0.05 percent at 7863.20. The mixed trend seen in Asian Markets. Asian shares glided higher in early
trading session, Although investors are cautiously watching whether renewed selling in crude oil futures
will dent sentiment. The US market too ended higher with the technology sector uptrend. Oil prices earlier
had jumped over USD 1 a barrel, as Prospects of colder weather in coming weeks inspired buying in equity
Market. However, slowing global demand and abundant supplies from Organization of the Petroleum
Exporting Countries members kept energy markets bearish. On Wednesday Nifty started flat , but was still
trading above its crucial support level of 7,900, supported by gains in realty, power, metal, and capital
goods stocks. NIFTY is hovering around the 7900 mark and on the upside major Resistance is seen at 7980.
Going forward, if the Nifty manages to sustain above the 7980 mark then we may witness a continuation of
this move towards 8050-8150 levels.The Resistance of NIFTY is 8010-8134 And the Support 7762-7886.
BANK NIFTY : - The BANK NIFTY Open in positive Trend on Monday trading session at 16843.40 up
32 points or 0.19 %. The is currently trading at 17087 up by 109 point or 0.65 per cent. The Banking ssctor
seems good ahead starting of the new year. The had made ever high of this month. The Bank Nifty is seems
Strong for Next week also. It can cross the level of 17200. The Strong Resistance for Bank Nifty is 17245-
17320 And the Banking Nifty Strong Support is 16742-16978. If the Bank Nifty able to break the level of
17150 we can expect the 17300-17524 level For Next week. There is a huge bad loans worth about USD 60
billion and a serious clean- up job is a must in 2016 with the RBI having set a deadline. So this will be
worry for Indian Banking Industry. The All over the Trend of BANK NIFTY is on Bull side. So
Expectations to reach at the 17450 level at the end of Next week Session. The Resistance for BANK
NIFTY IS 17214-17686 And Support 16978-16742.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
8134 8010 7948 7886 7762
WEEKLY R2 R1 PP S1 S2
8238 8036 7935 7834 7632
MONTHLY R2 R1 PP S1 S2
8134 8010 7948 7886 7762
BANK NIFTY
DAILY R2 R1 PP S1 S2
17686 17214 16978 16742 16270
WEEKLY R2 R1 PP S1 S2
17686 17214 16978 16742 16270
MONTHLY R2 R1 PP S1 S2
17686 17214 16978 16742 16270
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7810 7917 8009 8218
BANK NIFTY 16783 17080 17326 17866
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 7775 7300 8455
BANK NIFTY 16580 16103 19630
PATTERN FORMATION ( NIFTY AND BANK NIFTY )
Depiction of Chart - On the Above given weekly chart of NIFTY50 Moving Average has Applied for 100 days. Along with 50 days
Exponential moving Average ,The Moving average lag the current price Action because they are based on past prices longer the time period
the greater the lag of Moving Average. Thus a 100-day MA will have a much greater degree of lag than a Less-days MA because it contains
prices for the past 100 days. With breaks above and below this moving average considered to be important trading signals.for Buying or
Selling. MAs also impart important trading signals on their own, .While on the Above given Chart MA is about to cross the Green candle.
which is a early signal for Bullish movement for NIFTY50 . However Global Market is worry for Near term. The Expectation for Nifty50 to
give gap-up opening in next week. So we can expect that if the Nifty is crossing the level of 8050-8150 we may witness the 8200 level.
BANK NIFTY MACD
Details of Chart On the Above given weekly chart of BANK NIFTY Moving Average has Applied for 100 days. Along with 50 days
Exponential moving Average . And the Moving Average has crossed the Green Candle, which is a early signal that BANK NIFTY can
Move in Bull Trend. After long time the BANK NIFTY has seen the Near level of 17100. The market is Now in good shape so
expectationof BANK NIFTY is towards bull for Next week. Hope from Banking Industry is Also good for next week, We can Expect if
the BANK NIFTY is Able to cross the level of 17245-17327 can touch the level of 17350-17500. For Next weak of New Year.The
Resistance for BANK NIFTY is 17214-17686 And Support is 16742-16270.
NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1390 1380 1370 1360 1350
ALBK EQ 72 71 70 68 68
AMBUJACEM EQ 210 206 204 203 201
ASIAN PAINT EQ 889 886 881 878 873
AXISBANK EQ 457 454 450 447 443
BAJAJ-AUTO EQ 2542 2536 2523 2517 2504
BANKBARODA EQ 161 160 158 157 156
BANKINDIA EQ 120 118 116 114 112
BHEL EQ 174 172 170 168 166
BHARTIARTL EQ 347 344 340 337 333
CIPLA EQ 664 660 654 650 644
COALINDIA EQ 340 336 331 327 322
DLF EQ 124 121 118 115 112
DRREDDY EQ 3141 3127 3108 3094 3075
GAIL EQ 380 376 373 369 366
GRASIM EQ 3821 3797 3766 3742 3711
HCLTECH EQ 860 854 848 842 836
HDFC EQ 1275 1269 1259 1253 1243
HDFCBANK EQ 1097 1091 1084 1078 1071
HEROMOTOCO EQ 2707 2698 2687 2678 2667
HINDALCO EQ 86 85 85 84 83
HINDUNILVR EQ 867 863 858 854 849
ICICIBANK EQ 267 265 262 260 256
ITC EQ 331 329 327 325 323
INDUSIND BANK EQ 977 971 966 960 955
INFY EQ 1117 1112 1102 1097 1087
JINDALSTEL EQ 97 96 95 94 93
KOTAKBANK EQ 174 173 171 170 169
LT EQ 1300 1293 1283 1276 1266
M&M EQ 1285 1278 1273 1266 1261
MRF EQ 42177 41383 40630 39836 39083
MARUTI EQ 4703 4671 4637 4605 4571
ONGC EQ 246 244 241 239 236
ORIENTBANK EQ 148 146 143 141 138
RCOM EQ 94 92 90 89 87
RELCAPITAL EQ 488 475 456 443 424
RELIANCE EQ 1024 1019 1014 1009 1004
RELINFRA EQ 631 611 576 556 521
RPOWER EQ 61 60 58 58 56
SBIN EQ 230 229 226 225 222
SSLT( VEDL) EQ 93 92 91 90 89
SUNPHARMA EQ 814 819 813 808 802
TATAMOTORS EQ 422 412 392 382 362
TATAPOWER EQ 71 70 69 68 67
TATASTEEL EQ 263 260 256 253 249
UNIONBANK EQ 154 152 150 148 146
TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION)
NSE CASH
IOC IS IN UPTREND AND IS EXPECTED TO GO FURTHER UPTO THE LEVEL OF 470. LONG
POSITION CAN BE MADE ABOVE 435 FOR TGT AND SL OF 470 AND 421 RESPECTIVELY.
LONG POSITION CAN BE MADE IN JETAIRWAYS ABOVE 775 FOR TGT AND SL OF 835 AND
740 RESPECTIVELY.
DEN HAS BROKEN RESISTENCE OF 110 ON DAILY CHARTS AND MAY TOUCH THE LEVELS
OF 125.LONG POSITIONS CAN BE MADE ABOVE 115 FOR TGT AND SL OF 124 AND 111.50
RESPECTIVELY.
TVSMOTORS HAS CORRECTED IN LAST TWO TREADING SESSIONS AND TREADING NEAR
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 MARICO LTD. 432.80 226.15 -47.75 %
2 ECLERX
SERVICES
1811.00 1487.30 -17.87 %
E
C
L
E
R
X
S
E
R
V
I
C
E
S
1
8
1
1
.
0
0
1
4
8
7
.
3
0
-
1
7
.
8
7
%
E
C
L
E
R
X
S
E
R
V
I
C
E
S
1
8
1
1
.
0
0
1
4
8
7
.
3
0
-
1
7
.
8
7
%
E
C
L
E
R
X
S
E
R
V
I
C
E
S
1
8
1
1
.
0
0
1
4
8
7
.
3
0
-
1
7
.
8
7
%
E
C
L
E
R
X
S
E
R
V
I
C
E
S
1
8
1
1
.
0
0
1
4
8
7
.
3
0
-
1
7
.
8
7
%
E
C
L
E
R
X
S
E
R
V
I
C
E
S
1
8
1
1
.
0
0
1
4
8
7
.
3
0
3 KAVERI SEED CO. 383.85 346.80 -9.65 %
4 ABB INDIA 1187.20 1118.50 -5.79 %
A
B
B
I
N
D
I
A
1
1
8
7
.
2
0
1
1
1
8
.
5
0
-
5
.
7
9
%
A
B
B
I
N
D
I
A
1
1
8
7
.
2
0
1
1
1
8
.
5
0
-
5
.
7
9
%
A
B
B
I
N
D
I
A
1
1
8
7
.
2
0
1
1
1
8
.
5
0
-
5
.
7
9
%
A
B
B
I
N
D
I
A
1
1
8
7
.
2
0
1
1
1
8
.
5
0
-
5
.
7
9
%
A
B
B
I
N
D
I
A
1
1
8
7
.
2
0
1
1
1
8
.
5
0
5 JUST DIAL 916.60 864.00 -5.55 %
6 KPIT
TECHNOLOGIES
173.60 167.55 -3.49 %
K
P
I
T
T
E
C
H
N
O
L
O
G
I
E
S
1
7
3
.
6
0
1
6
7
.
5
5
-
3
.
4
9
%
K
P
I
T
T
E
C
H
N
O
L
O
G
I
E
S
1
7
3
.
6
0
1
6
7
.
5
5
-
3
.
4
9
%
K
P
I
T
T
E
C
H
N
O
L
O
G
I
E
S
1
7
3
.
6
0
1
6
7
.
5
5
-
3
.
4
9
%
K
P
I
T
T
E
C
H
N
O
L
O
G
I
E
S
1
7
3
.
6
0
1
6
7
.
5
5
-
3
.
4
9
%
K
P
I
T
T
E
C
H
N
O
L
O
G
I
E
S
1
7
3
.
6
0
1
6
7
.
5
5
7 TITAN CO. 363.40 351.45 -3.29 %
8 JUBILANT LIFE
SCIENC
427.90 414.50 -3.13 %
J
U
B
I
L
A
N
T
L
I
F
E
S
C
I
E
N
C
4
2
7
.
9
0
4
1
4
.
5
0
-
3
.
1
3
%
J
U
B
I
L
A
N
T
L
I
F
E
S
C
I
E
N
C
4
2
7
.
9
0
4
1
4
.
5
0
-
3
.
1
3
%
J
U
B
I
L
A
N
T
L
I
F
E
S
C
I
E
N
C
4
2
7
.
9
0
4
1
4
.
5
0
-
3
.
1
3
%
J
U
B
I
L
A
N
T
L
I
F
E
S
C
I
E
N
C
4
2
7
.
9
0
4
1
4
.
5
0
-
3
.
1
3
%
J
U
B
I
L
A
N
T
L
I
F
E
S
C
I
E
N
C
4
2
7
.
9
0
4
1
4
.
5
0
9 BOSCH LTD. 18805.15 18210.0 -3.16 %
10 GUJRAT PIPAVAV
PORT
150.40 146.00 -2.93 %
G
U
J
R
A
T
P
I
P
A
V
A
V
P
O
R
T
1
5
0
.
4
0
1
4
6
.
0
0
-
2
.
9
3
%
G
U
J
R
A
T
P
I
P
A
V
A
V
P
O
R
T
1
5
0
.
4
0
1
4
6
.
0
0
-
2
.
9
3
%
G
U
J
R
A
T
P
I
P
A
V
A
V
P
O
R
T
1
5
0
.
4
0
1
4
6
.
0
0
-
2
.
9
3
%
G
U
J
R
A
T
P
I
P
A
V
A
V
P
O
R
T
1
5
0
.
4
0
1
4
6
.
0
0
-
2
.
9
3
%
G
U
J
R
A
T
P
I
P
A
V
A
V
P
O
R
T
1
5
0
.
4
0
1
4
6
.
0
0
11 EMEMI LTD. 1004.85 975.65 -2.91 %
12 M&M 1289.05 1255.65 -2.59 %
M
&
M
1
2
8
9
.
0
5
1
2
5
5
.
6
5
-
2
.
5
9
%
M
&
M
1
2
8
9
.
0
5
1
2
5
5
.
6
5
-
2
.
5
9
%
M
&
M
1
2
8
9
.
0
5
1
2
5
5
.
6
5
-
2
.
5
9
%
M
&
M
1
2
8
9
.
0
5
1
2
5
5
.
6
5
-
2
.
5
9
%
M
&
M
1
2
8
9
.
0
5
1
2
5
5
.
6
5
13 JK LAKSHMI
CEMENT
335.45 329.50 -1.77 %
14 NIIT
TECHNOLOGIES
597.90 588.85 -1.51 %
N
I
I
T
T
E
C
H
N
O
L
O
G
I
E
S
5
9
7
.
9
0
5
8
8
.
8
5
-
1
.
5
1
%
N
I
I
T
T
E
C
H
N
O
L
O
G
I
E
S
5
9
7
.
9
0
5
8
8
.
8
5
-
1
.
5
1
%
N
I
I
T
T
E
C
H
N
O
L
O
G
I
E
S
5
9
7
.
9
0
5
8
8
.
8
5
-
1
.
5
1
%
N
I
I
T
T
E
C
H
N
O
L
O
G
I
E
S
5
9
7
.
9
0
5
8
8
.
8
5
-
1
.
5
1
%
N
I
I
T
T
E
C
H
N
O
L
O
G
I
E
S
5
9
7
.
9
0
5
8
8
.
8
5
15 RAJESH EXPORT
LTD.
681.60 676.00 -0.82 %
SR.NO SCRIPT NAME PREV
CLOSE CMP % CHANGE
1 RELIANCE INFRA 452.15 591.55 +30.83 %
2 1. JET
AIRWAYS
629.95 764.00 +21.28 % 2. J
E
T
A
I
R
W
A
Y
S
6
2
9
.
9
5
7
6
4
.
0
0
+
2
1
.
2
8
%
3. J
E
T
A
I
R
W
A
Y
S
6
2
9
.
9
5
7
6
4
.
0
0
+
2
1
.
2
8
%
4. J
E
T
A
I
R
W
A
Y
S
6
2
9
.
9
5
7
6
4
.
0
0
+
2
1
.
2
8
%
5. J
E
T
A
I
R
W
A
Y
S
6
2
9
.
9
5
7
6
4
.
0
0
+
2
1
.
2
8
%
6. J
E
T
A
I
R
W
A
Y
S
6
2
9
.
9
5
7
6
4
.
0
0
3 RELIANCE CAPITAL 406.30 464.75 +14.39 %
4 7. ENGINEER
S INDIA
217.55 247.70 +13.86 % 8. E
N
G
I
N
E
E
R
S
I
N
D
I
A
2
1
7
.
5
5
2
4
7
.
7
0
+
1
3
.
8
6
%
9. E
N
G
I
N
E
E
R
S
I
N
D
I
A
2
1
7
.
5
5
2
4
7
.
7
0
+
1
3
.
8
6
%
10. E
N
G
I
N
E
E
R
S
I
N
D
I
A
2
1
7
.
5
5
2
4
7
.
7
0
+
1
3
.
8
6
%
11. E
N
G
I
N
E
E
R
S
I
N
D
I
A
2
1
7
.
5
5
2
4
7
.
7
0
+
1
3
.
8
6
%
12. E
N
G
I
N
E
E
R
S
I
N
D
I
A
2
1
7
.
5
5
2
4
7
.
7
0
5 RELIANCE POWER 51.90 58.95 +13.58 %
6 ADANI POWER LTD. 30.00 33.60 +12.00 % A
D
A
N
I
P
O
W
E
R
L
T
D
.
3
0
.
0
0
3
3
.
6
0
+
1
2
.
0
0
%
A
D
A
N
I
P
O
W
E
R
L
T
D
.
3
0
.
0
0
3
3
.
6
0
+
1
2
.
0
0
%
A
D
A
N
I
P
O
W
E
R
L
T
D
.
3
0
.
0
0
3
3
.
6
0
+
1
2
.
0
0
%
A
D
A
N
I
P
O
W
E
R
L
T
D
.
3
0
.
0
0
3
3
.
6
0
+
1
2
.
0
0
%
A
D
A
N
I
P
O
W
E
R
L
T
D
.
3
0
.
0
0
3
3
.
6
0
7 SUN TV 387.55 431.90 +11.44 %
8 MMTC LTD. 44.00 48.35 +9.89 % M
M
T
C
L
T
D
.
4
4
.
0
0
4
8
.
3
5
+
9
.
8
9
%
M
M
T
C
L
T
D
.
4
4
.
0
0
4
8
.
3
5
+
9
.
8
9
%
M
M
T
C
L
T
D
.
4
4
.
0
0
4
8
.
3
5
+
9
.
8
9
%
M
M
T
C
L
T
D
.
4
4
.
0
0
4
8
.
3
5
+
9
.
8
9
%
M
M
T
C
L
T
D
.
4
4
.
0
0
4
8
.
3
5
9 TRENT LTD. 1603.20 1760.00 +9.78 %
10 PUNJ LLOYD 26.10 28.50 +9.20 % P
U
N
J
L
L
O
Y
D
2
6
.
1
0
2
8
.
5
0
+
9
.
2
0
%
P
U
N
J
L
L
O
Y
D
2
6
.
1
0
2
8
.
5
0
+
9
.
2
0
%
P
U
N
J
L
L
O
Y
D
2
6
.
1
0
2
8
.
5
0
+
9
.
2
0
%
P
U
N
J
L
L
O
Y
D
2
6
.
1
0
2
8
.
5
0
+
9
.
2
0
%
P
U
N
J
L
L
O
Y
D
2
6
.
1
0
2
8
.
5
0
11 BHARAT
ELECTRONIC
1270.10 1376.05 +8.34 %
12 JAIN IRRIGATION 63.95 69.20 +8.21 % J
A
I
N
I
R
R
I
G
A
T
I
O
N
6
3
.
9
5
6
9
.
2
0
+
8
.
2
1
%
J
A
I
N
I
R
R
I
G
A
T
I
O
N
6
3
.
9
5
6
9
.
2
0
+
8
.
2
1
%
J
A
I
N
I
R
R
I
G
A
T
I
O
N
6
3
.
9
5
6
9
.
2
0
+
8
.
2
1
%
J
A
I
N
I
R
R
I
G
A
T
I
O
N
6
3
.
9
5
6
9
.
2
0
+
8
.
2
1
%
J
A
I
N
I
R
R
I
G
A
T
I
O
N
6
3
.
9
5
6
9
.
2
0
13 ESSAR OIL LTD. 240.00 259.00 +7.92 %
14 DLF LTD. 113.40 121.70 +7.32 % D
L
F
L
T
D
.
1
1
3
.
4
0
1
2
1
.
7
0
+
7
.
3
2
%
D
L
F
L
T
D
.
1
1
3
.
4
0
1
2
1
.
7
0
+
7
.
3
2
%
D
L
F
L
T
D
.
1
1
3
.
4
0
1
2
1
.
7
0
+
7
.
3
2
%
D
L
F
L
T
D
.
1
1
3
.
4
0
1
2
1
.
7
0
+
7
.
3
2
%
D
L
F
L
T
D
.
1
1
3
.
4
0
1
2
1
.
7
0
15 ARVIND LTD. 331.75 355.25 +7.08 %
SUPPORT LEVELS, A PULLBACK RALLY IS EXPECTED ON BREAKOUT OF THE LEVEL OF
292,LONG POSITION CAN BE MADE ABOVE 292 FOR TGT AND SL OF 315 AND 283.
LONG POSITION CAN BE MADE IN RCOM ABOVE 92 FOR TGT AND SL OF 99 AND 89
RESPECTIVELY.
NSE FUTURE
INDIACEMNT MOVES IN BULLISH TREND ON DAILY CHART OF IT IT MOVE IN UPWARD
DIRECTION WE CAN MADE LONG POSITION IN INDIACEMENT FUTURE ABOVE 101 TGT
111 SL 98.
WE CAN MADE LONG POSITION IN IOC FUTURE ABOVE 437 TGT 460 SL 430.
A STRONG RESISTANCE LEVEL SHOWS ON DAILY CHART OF BHARTIAIRTEL WE CAN
EXPECT FURTHER UDSIDE DIRECTION MOVEMENT IN BHARTIAIRTEL FUTURE ABOVE 345
TGT 360 SL 338.
MOTHERSUMI MOVES IN BULLISH TREND WE CAN EXPECT FURHER UPWARD RALLY IN
MOTHERSUMI ABOBE 299 TGT 315 SL 290.
WE CAN EXPECT 10%UPWARD MOVEMNET IN KSCL IT CAN SHOWS UPWARD RALLY ON
DAILY CHART WE CAN MADE LONG POSITION IN IT ABOVE 365 TGT 400 SL 355.
NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
India did well despite global economic turmoil: FM - : Finance Minister Arun Jaitley
dismissed grumblings about the economy not having taken off as "cynicism -- a way of
life in India", according to reports. Looking back at 2015, Jaitley said that India has been
the bright spot with growth prospects of 7-7.5 per cent despite global slowdown. India
has responded well to the challenge posed by the slowdown in global economy, Jaitley
added. "As the year ends, I look back with a sense of great satisfaction," Jaitley
reportedly said.
Petroleum products to be out of GST for now: Arvind Subramanian - : Chief
Economic Advisor Arvind Subramanian reportedly said that Petrol and other petroleum
products would not be brought under the GST regime for some time after its roll out.
"Constitutionally petrol and other petroleum products will be within the GST system. But
it would be out of the GST dispensation after its implementation for some time",
Subramanian was quoted as saying. Arvind Subramanian added that GST council would
decide for how long these products would be out of the new taxation regime, says report.
World Bank may revise India’s growth forecast: Kaushik Basu - : World Bank chief
economist Kaushik Basu reportedly said that the bank may revise its GDP growth
projection for India, “There could be some changes in the January review of India‟s
growth forecast,” Basu added. Kaushik Basu reported that decision-making and reforms
can have an impact in terms of growth rate. Until October, the World Bank retained
India‟s growth forecast at 7.5 per cent for 2015-16. Basu added that the general mood had
been positive, which helped the investment climate.
Bad year for Bank Sotocks ! 35 banks stocks offered Negative return in 2015 - :
Despite the multiple rate cuts by the Reserve Bank of India during the year, bank stocks
brunt on the Dalal street. Bad loans, stressed assets quality, poor credit growth and
depriciating rupee added to banks woes in 2015. Both the public sector and private sector
lenders saw their stock prices falling. Out of 24 PSB Banks Only one PSB bank reported
the gain in CY 2015. On the other hand, among the 16 private banks only 4 banks stocks
rose.
DLF Promoters to sell 40% stake in Cyber City - : DLF Ltd. reportedly said that its
promoters will sell 40% stake In Cyber City to Private Unlisted Investors. The company
stated that DT Cinemas deal is pending for CCI Nod. The company concluded GIC Stake
sale last week. DLF Ltd is currently trading at Rs. 115.2, up by Rs. 0.2 or 0.17% from its
previous closing of Rs. 115 on the BSE. The current market cap of the company is Rs.
20505.95 crore. The promoters holding in the company stood at 74.86 % while
Institutions and Non-Institutions held 19.84 % and 5.3 % respectively. The stock is
currently trading above its 200 DMA.
Government in process of granting transmission connectivity to 20 power plants - :
The government is in the process of granting electricity transmission connectivity to 20
power plants with a generation capacity of 11,000 MW, For easing coal and gas
availability, revival of state distribution companies, expediting project clearances and a
push to renewable energy. About 20 applications for a quantum of about 11,000 MW for
transmission connectivity are under process and are likely to be granted soon. The
quantum of applications granted during 2013 and 2014 were only of the order of 1,300
MW and 1,450 MW respectively. However, during the current year, connectivity for
5,500 MW has already been granted," a government official said
The DIIs outpaced FIIs on D-Street in 2015 - : The biggest story about the domestic
equity market from calendar 2015 is the waning clout of foreign portfolio investors and
increased muscle power of domestic institutional investors.This year, when FPI
investment in domestic equities fell to a little over Rs 16,000 crore, from a three-year
annual average of $15 billion, the DIIs played the real market driver, pumping in well
over Rs 60,000 crore. DIIs continued even when the domestic equity market turned
lacklustre, and filled in the gap created by the FPI exit. According to some estimates,
domestic Institutional investors has pumped something 66,000 Crore in the market in
FY15.
DLF receives Rs.1992 Cr from GIC for two projects in Delhi - : Realty major DLF
said, DLF Urban Pvt Ltd and DLF Midtown Pvt Ltd ceased to be its subsidiaries
following the Rs 1,992-crore investment by Singapore's sovereign wealth fund GIC in the
two up coming projects in the national capital.
Rising FDI in 2016 can push India to 9% plus growth path - : Even before US Fed
hiked the key rates, there was a rush to exit Indian markets by some FII, which resulted in
a sharp outflow of hot money from India in Sep-Dec quarter of 2015. But same is not the
case with long term money in form of Foreign Direct Investment. Infact, India has seen
maximum FDI in the world in last one and a half year. When compared to the world
figures of a fall of 16%, FDI in India has grown by 35%. Most of these investments are
coming in sectors like manufacturing, consumer goods, logistics, food processing, etc.
GST not the only reform measure to shore up growth: Govt - : Looking at the efforts
put in sectors like roads, power, banking and agriculture, the Union Budget 2016-17
would comprise of the highlights of work done in such sectors that would buoy economic
growth, instead of falling back only on the Goods and Services Tax , which did not meet
with approval this year in the Parliament, as per government officials. The forthcoming
Budget is likely to underscore government‟s achievements with respect to reforms such
as discom restructuring scheme, bank recapitalisation and the related Indradhanush
scheme, improvements in road construction and fiscal consolidation, as per the reports.
Global economy, private investment will continue to pose challenges: Arun Jaitley -
:Finance Minister Arun Jaitley reportedly said that Subdued global economy and
moderate private sector investment will continue to pose challenge in the next year, The
Finance Ministry in its mid-year economic analysis lowered the GDP growth forecast to
7-7.5 per cent from 8.1-8.5 per cent. Jaitley reported that the global growth can be an
engine which unfortunately are not doing well.
Global growth will be disappointing in 2016: IMF - Global economic growth will be
"disappointing" next year, the head of the IMF Christine Lagarde said. She said the
prospect of rising interest rates in the United States and an economic slowdown in China
were contributing to uncertainty. The growth in global trade has slowed considerably and
a decline in raw material prices is posing problems for economies based on these,
Lagarde stated. "All of that means global growth will be disappointing and in 2016,"
Lagarde said. The US Fed hiked interest rates for the first time in nearly a decade earlier
this month.
RBI: Applicable Average base rate to be 9.45% for credit by NBFC-MFIs - The
Reserve Bank of India has advised that the applicable rate for credit by NBFC-MFIs for
the quarter beginning January 01, 2016 is 9.45 per cent. It may be recalled that the
Reserve Bank had, in its circular dated February 7, 2014 issued to NBFC-MFIs,
communicated that it will advise the average of the base rates of the five largest
commercial banks on the last working day of every quarter, for the purpose of arriving at
the interest rates to be charged by an NBFC-MFI to its borrowers in the ensuing quarter.
Smooth rollover on last day…Nifty, Sensex shut near day’s high - The Indian equity
market ended the last trading session of the calendar year on a high with the NSE Nifty
closing above 7900 mark while Sensex closed above the 26000 levels. Realty, telecom,
utilities, IT and energy stocks led the rally. The mid-cap and the small-cap stocks
continued to shine. On the other hand, consumer durables, banking and healthcare stocks
were among the major losers.
Jet Airways, Godrej Consumer Products, Container Corp, Torrent Pharma to enter
F&O segment - Jet Airways, Godrej Consumer Products, Container Corporation and
Torrent Pharma will be introduced in the future & option segment from Friday. The stock
will be the part of the derivatives segment on the NSE.
April-November fiscal deficit stood at Rs. 4.83 lakh crore - April-November fiscal
deficit stood at Rs. 4.83 lakh crore, according to Government data. Govenment data says
that the april-November tax Receipts is at Rs. 4.65 Lakh crore. Apr-November Non-plan
spend stood at Rs. 8.44 lk crore, while total spend is at Rs. 11.42 Lk crore. The April-
November Non-tax Revevenue is at Rs. 1.73 Lakh crore, 78.1%.
India’s External Debt at Sept-end 2015 stood at US$ 483.2 billion - According to
report released on India‟s External Debt as at end-September 2015, by the Department of
Economic Affairs, Ministry of Finance, Government of India, at end-September 2015,
India‟s external debt stock stood at US$ 483.2 billion, recording an increase of US$ 8.0
billion (1.7 per cent) over the level at end-March 2015. The rise in external debt during
the period was due to long-term external debt particularly commercial borrowings and
NRI deposits. However, on a sequential basis, total external debt at end-September 2015
declined by US$ 291 million from the end-June 2015 level.
India’s exports to $900 bn by 2020 looks very distant - Every time the government
releases trade data, the Narendra Modi government's ambitious target of doubling India‟s
exports to $900 billion by 2020 looks more distant. India's exports fell 16 per cent in the
12 months ended November. The contraction in volume has been largely because of a
drop in export of goods, while services exports by and large remain robust. Goods exports
comprise about two-thirds of India's total exports. While three-fourths of the decline in
India's exports was attributed to a drop in shipment of crude oil, crude derivatives and
agro-commodities in line with the fall in the prices of these commodities, sluggish global
demand conditions too have led to a significant drop in volumes.
Indian PE investment deals hit all-time high; cross $21 bn milestone in 2015 - In a
first, private equity inflow of $21 bn for the full year of 2015 surpassed the previous high
of $18 billion seen in 2007. Compared to the $12.5 billion invested in 2014, the inflow in
2015 is up nearly 67%. The data excludes Real Estate and Venture debt.
TOP ECONOMY NEWS
TRAI is likely to announce final Net Neutrality Norms by Early 2016.
Petrol and other petroleum products would not be brought under the GST regime for
some time after its roll out, according to chief economic advisor Arvind Subramaniam.
Gold imports shrank 36.5% in November on the back of falling prices of the yellow
metal.
The road transport and highways ministry has lined up projects worth Rs. 50,000 crore to
be awarded under public-private partnership model in FY17.
Finance Minister Arun Jaitley dismissed grumblings about the economy not having taken
off as "cynicism -- a way of life in India", according to reports. Looking back at 2015,
Jaitley said that India has been the bright spot with growth prospects of 7-7.5 per cent
despite global slowdown.India has responded well to the challenge posed by the
slowdown in global economy, Jaitley added.
With its key economic reform measure – the Constitution Amendment Bill for the Goods
and Services Tax yet to be cleared by Parliament – the Centre is working on a Plan B for
the Union Budget 2016-17 that would highlight efforts made in other sectors to lift
economic growth.
Union Civil Aviation Minister Ashok Gajapathi Raju has said the new civil aviation
policy is in the final stage of approval and will be announced by early next year.
The Centre is hopeful of getting at least 21 states on board for Ujwal Discom Assurance
Yojana reforms for state-owned power distribution companies before March 2016.
Rolling out GST regime is "certainly" doable in 2016, Finance Minister Arun Jaitley
reportedly said, while adding that he is in "continuous touch" with the Congress party in a
bid to persuade them to cooperate.
The Railways, the largest consumer of diesel in the country, is weighing the option of
saving on fuel costs by importing crude for captive use.
To revive the private sector‟s interest in power generation projects, the Ministry of Power
released draft guidelines for awarding imported coal-based 4,000 MW Ultra Mega Power
Projects.
Government calls off fourth round of coal block auctions, kept aside for auction to the
steel, iron and aluminium industries, as it received low bids.
A Finance Ministry official said that fiscal deficit target for FY17 'challenging' as revenue
from disinvestment might be well short of target.
To meet its target of scaling up solar power capacity addition, the Cabinet Committee of
Economic Affairs has increased the financial assistance for grid-connected rooftop and
small solar power plants programme from Rs. 600cr to Rs. 5,000cr.
The Centre has stitched together an Amended Technology Upgradation Fund Scheme
that will give a boost to „Make in India‟ in the textiles sector by attracting investments of
Rs. 1-lakh crore and creating over 30 lakh jobs.
In absence of a pickup in both demand and investments by private sector, the government
is under pressure to take action to revive India‟s economic growth. For this, it is looking
to revitalize the Public-Private Partnership projects by doing away with its one-size-fits-
all approach.
Coming soon, an independent regulator for the Indian Railways that will be empowered
to set fares.
India's core sector contracted 1.3% in November after expanding for six straight months.
Fiscal deficit at the end of November was 87% of the target for FY16.
Petrol and diesel prices have been slashed by 63 paise a litre and 1.06 a litre respectively.
The Reserve Bank of India has tightened norms for banks lending to overseas
subsidiaries of Indian companies by raising the provisions substantially against these
loans.
Non-food credit of scheduled commercial banks slowed down to 8.8% in November as
against an increase of 10.5% in the same period last year.
SEBI has proposed that non-institutional and retail investors should be allocated a
minimum of 25 per cent in a public issue of real estate investment trust units and
qualified institutional buyers , with a maximum of 75 per cent.
TOP CORPORATE NEWS -
GAIL India will take 5% stake in the international consortium building the US$8.7bn
Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.
Drug major Sun Pharmaceutical Industries has raised Rs 1,000 crore through issuance
of non-convertible debentures on private placement basis.
Tata Consultancy Services negotiated with Dell to buy its information technology
management business Perot Systems, but a disagreement over price resulted in the talks
falling through, two people directly aware of the discussions said.
As part of its Christmas and New Year offering, premier international airline, Jet
Airways, has announced special attractive festive fares for its guests travelling on the
airline‟s global network.
Almost 13 years after it first made splashes by foraying into the telecom space with its
CDMA services, Mukesh Ambani-led Reliance Industries on Sunday heralded its
second coming with the nationwide soft-launch of its 4G mobile services via its
subsidiary Reliance Jio Infocomm.
Biocon announced introduction of an advanced novel therapy for the treatment of
Hepatitis C in India – CIMIVIR-L.
Blackstone, Birla Corp and Baring Private Equity Asia are in the final race to acquire the
cement business of Anil Ambani's Reliance Infrastructure.
Multiplex chain PVR Ltd. plans to open more screens in south India, taking advantage of
a growing number of malls in the region and a vibrant multi-lingual regional film
industry.
Suzlon’s S97 2.1MW prototype turbine with a hybrid tower in Gujarat has achieved 35
per cent plant load factor in the last 12 months
Steel Strips Wheels has bagged order from Mahindra Tractors for supply to domestic
market, the auto component manufacturer informed in a BSE filing.
Drug major Lupin has received US health regulator‟s approval to market Fyavolv tablets,
used to treat postmenopausal osteoporosis, in the American market.
Adani Ports and Special Economic Zone Monday said it has appointed Karan Adani as
its chief executive officer. It added the board has accepted the resignation of its erstwhile
CEO Sudipta Bhattacharya.
India's second-largest IT company Infosys Ltd. would formally inaugurate its campus at
Pocharam here in February, Telangana Information Technology Minister K T Rama Rao
said today.
National Buildings Construction Corporation Ltd has announced that Nabinagar
Power Generating Company Pvt. Ltd. awarded the work of Permanent Township Package
for Nabinagar Super Thermal Power Project to the Company for Rs. 328.08 crs.
Infrastructure finance company PTC India Financial Services today said it has
sanctioned fresh loans of Rs 825 crore to expand its renewable energy portfolio.
Bharti Airtel has bought a 74% stake in Augere Wireless Broadband India, consolidating
its 4G footprint ahead of the launch of similar high speed broadband services by Reliance
Jio Infocomm.
Suven Life Sciences Ltd has obtained two products patents, one each from Europe and
Macau, for its New Chemical Entities for the treatment of neurodegenerative diseases.
Tata Power today said it has refinanced Rs. 3,864 crore loans for its 4,000-MW Mundra
ultra mega power project in Gujarat which will help the plant save around Rs. 77 crore a
year in interest cost.
United Spirits will seek shareholders‟ nod to report sick to the Board of Industrial and
Financial Reconstruction as its accumulated losses as on March 31, touched 86% of peak
net worth during the past four financial years.
In a senior management rejig, diversified group ITC has elevated chief operating officer
of its hotels division, Dipak Haksar, as the Chief Executive of ITC Hotels.
Reliance is in talks with various BPO companies to outsource call centre and other
support work for its Jio operations.
Essar Oil has completed the share buyback for its much-delayed delisting, making way
for its planned stake sale to Russian energy major OAO Rosneft.
IDFC Bank plans to convert Rs. 350cr of loan into equity in Lanco Infra.
GIC Housing Finance will acquire up to 16% stake in LIC Nomura Mutual Fund Asset
Management Company for Rs. 22.7cr.
RCom and Aircel to pare debt to Rs. 20,000cr ahead of merger.
USFDA warns Cadila Healthcare about quality of two plants.
TOP BANKING AND FINANCIAL NEWS OF THE WEEK
DCB Bank , M2P launches mobile wallet services YAP DCB Bank and M2P , a digital
payments solutions company, have jointly launched a new platform YAP for wallet
services.
Reserve Bank of India Said to Banks focus on last mile delivery for Inclusion In order to
promote financial inclusion, banks should look beyond traditional business model and go
for mobile technology for 'last mile' service delivery, a Reserve Bank panel said on
monday.
With deposit rates softening, HDFC Bank has pared its base rate or the minimum lending
rate marginally, from 9.35% to 9.30%.
As the burden of bad loans turned worse for banks in 2015 especially the state-run
players, they are betting big on the seven-point „Indradhanush‟ reforms to bounce back in
the New Year and expect more steps from the government and the RBI to clean up their
books.
RBI nudging banks to furnish potential NPAs Banks may soon be asked to provide – set
aside funds – for potential non-performing assets and weak assets, sources aware of the
development said.
Housing Development Finance Corporation has sold its 2.12 per cent stake in healthcare
firm Indraprastha Medical Corporation.
the company said in a filing to the BSE.
IDBI Bank gets Rs 2,229 crore capital infusion from government Public sector lender
IDBI Bank today said the government has infused Rs 2,229 crore into the bank in lieu of
preferential allotment of shares.
The Competition Commission has approved the state-run Union Bank of India's proposed
acquisition of 49 per cent stake in Union KBC Asset Management Company.
In a step that would facilitate expansion of trade and investment partnership including oil
payments amid the easing of international sanctions from Iran, Delhi and Tehran have
decided to open branches of each other's banks in each other's country.
IDBI Bank mobilised Rs. 1,000 crore through issue of Basel III Compliant Tier 2 bonds
on private placement basis to strengthen Bank's capital adequacy.
As a New Year begins, it's not a clean slate for the banks with balance sheets full of red
ink due to huge bad loans worth about USD 60 billion and a serious clean- up job is a
must in 2016 with the RBI having set a deadline.
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.
Related Documents
