Showing posts with label Equity Tips. Show all posts
Showing posts with label Equity Tips. Show all posts

Monday, 22 December 2014

INDIAN EQUITY MARKET WRAPUP-22 DEC 2014


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NDIAN BENCHMARKS gain more than 1 pct on insurers buying

INDIAN EQUITY BENCHMARKS  rose more than 1% on Monday to mark a third consecutive day of gains as buying by insurers supported blue-chips such as HDFC Bank, while higher Asian shares and hopes of progress on key reforms underpinned the broader market. The S&P BSE Sensex and CNX Nifty ended 1.21%-1.20% higher each.
                                                                                                                                      · McNally Bharat bags an order worth Rs117.95 cr
· Thomas Cook launches 'Silver Breaks'
· Sharekhan Stock Idea: Buy KDDL

The crucial resistance for Nifty is now seen at 8365  and above this 8425. Support for the immediate term is now placed at 8225 and next support will be 8145.

TOP CORPORATE NEWS-22 DEC 2014


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·BHEL bags Euro 16.96 million contract in Turkey; stk gains
Bharat Heavy Electricals Ltd ( BHEL) rose over 3%, touching to Rs266.75,  after the company bagged a contract for rehabilitation of 3 units of Electrostatic Precipitators for the 430 megawatts Tuncbilek Thermal Power Project in Turkey on EPC basis. BHEL achieves breakthrough by making maiden entry in the Turkish market; Bags Euro 16.96 million contract for Thermal Power Project in Turkey.
·McNally Bharat bags an order worth Rs117.95 cr
McNally Bharat Engineering Company announced that the Company has received an order for Design, Engineering, Supply and Construction of various sub-stations for a Power Project for a value of Rs117.95 crore (approx).
·Thomas Cook launches 'Silver Breaks'
Thomas Cook (India) has launched a new product line 'Silver Breaks', exclusively focusing on segment of over 58 years of age - Senior Citizens or 'Silvers'.
The specialised Silver Breaks itineraries offer support for special dietary needs, on-trip medical assistance, handpicked elder friendly hotels, experienced tour managers accompaniment, pre departure meetings, entertainment evenings and high quality easy access vehicles covering destinations such as Thailand, UK and Italy in an outbound segment as well as the Golden Triangle and Kerala on the domestic front.
·MOIL gains on government's plan to dilute stake
MOIL rose by 3% touching to Rs303, after the Department of Disinvestment issued a newspaper advertisement for appointment of merchant bankers for divesting 10% stake in the state-run firm.
The Department of Disinvestment issued a newspaper advertisement for appointment of merchant bankers for divesting 10% stake in state-run MOIL. The government intends to divest 10% stake in MOIL during the current fiscal year through the Offer for Sale ( OFS) route via the stock exchanges mechanism. The government currently holds 71.57% stake in MOIL.
·Suzlon's arm signs new contract in UK; stk gains
 Suzlon Energy rose nearly 9%, touching to Rs13.9,  after the company said its wholly owned subsidiary signed four new contracts totaling over 60 megawatts in the UK.
Suzlon Energy said that its wholly owned subsidiary Senvion SE signed four new contracts totaling over 60 megawatts (MW) in the UK, including the first contract to be signed in the UK with developer RES.
·Essel Propack gets High Court approval for amalgamation
Essel Propack has announced that at the hearing held on December 19, 2014, the Honble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of EP Lamitubes (the wholly owned subsidiary of Essel Propack) with Essel Propack and their respective shareholders.
·Winsome Diamond board approves closure of Goa unit
Winsome Diamonds & Jewellery announced that the Board of Directors of the Company at its meeting held on December 20, 2014, has accorded its approval by requisite majority for closure of industrial establishment situated at Goa.
 





Sunday, 21 December 2014

INDIAN EQUITY MARKET OUTLOOK - 22 DEC 2014


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  • INDIAN BENCHMARK  are likely to open higher today tracking a firm trend in markets across Asia and a bullish closing at Wall Street on Friday. SGX Nifty is trading 37.00 points higher.
  • FURTHER, Infosys to increase focus on North America, EMEA with Finacle
  • DuPont joins hands with Reliance, Vipul for 'green' sarees
  • Retail grows to $560-bn in 2014, FDI hopes hang in balance.
  • Trend in FII flows: The FIIs were net sellers of Rs -668.85 cr in the cash segment on Friday while the DIIs were net buyers of Rs. 622.77 cr, as per the provisional figures released by the NSE.

Friday, 19 December 2014

INDIAN EQUITY MARKET WRAPUP -19 DEC 2014


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INDIAN BENCHMARKS Positive end to the week; Nifty closes above 8200
  • INDIAN EQUITY BENCHMARKS rose for a second consecutive day on led by gains in IT stocks after global rival Accenture Plc raised its revenue forecast while Reliance Industries rose on bets it will roll out its telecom services in the next few months. The S&P BSE Sensex and CNX Nifty ended 0.90%-0.81% higher each.
  • Crompton Greaves surged over 1.06%, after the RBI advised that Registered Foreign Portfolios Investors can now invest up to 100% of the paid up capital of the company under the Portfolio Investment Scheme.
  • Punj Lloyd surged 7.05%, after the company received FIPB approval for manufacturing equipment and associated assemblies for the defence sector.
  • Tata Petron Engineering Construction jumped 10%, after the company secured twin orders for work related to power plant and civil construction.
  • The crucial resistance for Nifty is now seen at 8290 and above this 8360. Support for the immediate term is now placed at 8210 and next support will be   8125.


TOP CORPORATE NEWS-19 DEC 2014

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·FY15 GDP growth seen at 5.5%
India's economy is expected to grow at around 5.5% in the fiscal year to March 2015, the finance ministry said in a report tabled in parliament on Friday. If the forecast materialises, it would mark an improvement from two successive years of below 5% growth. In the first six months of the fiscal year, Asia's third-largest economy grew an annual 5.5%.
·Tree House surges as RBI allows investment upto 49% by RFPIs
Tree House Education & Accessories' gained over 6%, touching to Rs464.8, after the RBI advised that Registered Foreign Portfolios Investors can now invest up to 49% of the paid up capital of the company under the Portfolio Investment Scheme. The Reserve Bank of India after market hours yesterday, advised that Registered Foreign Portfolios Investors  can now invest up to 49% of the paid up capital of Tree House Education & Accessories under the Portfolio Investment Scheme.
·Reliance Industries surges 3%
Shares of Reliance Industries Ltd ( RIL) rose over 3%, touching to Rs908.6, after Company's telecom unit Reliance Jio may start 4G services in next 3-6 months, as per reports. Reliance Industries expects to start offering 4G telecom services next year. Reliance Jio's launch will happen in first half of 2015 because of rollout obligations of five years, reports. Company made a return to telecoms in 2010 by acquiring the only company that had won nationwide 4G airwaves.
·Delta Corp rises on stake sale plan in Advani Hotels
Delta Corp jumped nearly 8% touching to Rs92.25, after the company said it has engaged Yes Bank, a merchant banker, to explore possibilities for sale of the company’s interest in Advani Hotels and Resorts India. Delta Corp held 35.60% stake in Advani Hotels and Resorts India as of September 30, 2014.
·Dr. Reddy’s closes the acquisition of Habitrol Brand from Novartis
Dr Reddy's Laboratories today announced that it has closed the acquisition of Habitrol brand, an over-the-counter nicotine replacement therapy transdermal patch, from Novartis Consumer Health Inc.This follows issuance of the proposed consent order from the US Federal Trade Commission last month.The company had earlier entered into an asset purchase agreement with Novartis to acquire the tittle and rights of Habitrol brand and to market the product in the US market, the company said in a statement.
·Jagran Prakashan gets ratings reaffirmation for loan facilities
Jagran Prakashan announced that CRISIL has reaffirmed the credit ratings post acquisition of Music Broadcast which operates FM radio stations under the brand name 'Radio City' as follows - Long Term Ratings - CRISIL AA/ Stable Short Term Ratings - CRISIL A1 ,For aggregate loan facilities of Rs375 crore.
·India faces a "major challenge" in achieving its 2014-15 fiscal deficit
India faces a 'major challenge' in achieving its 2014/15 fiscal deficit aim of 4.1 percent of gross domestic product, its lowest in seven years, the finance ministry said in a report on Friday. The report, which was tabled in parliament, also said that a pickup in economic activity was needed to prevent any fiscal slippage in the year to March 2015.The deficit reached nearly 90 percent of the full-year target between April and October, the first seven months of the current fiscal year.



Thursday, 18 December 2014

INDIAN EQUITY MARKET OUTLOOK ON 19 DEC 2014

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  • INDIAN BENCHMARK are likely to open on a positive note today tracking a bullish trend across Asia as risk taking sentiment revives amid hopes that the US Federal Reserve’s pledge to stay patient on monetary tightening may bolster capital flows into emerging markets.                  
  • FURTHER, Jet Airways deploys wide body planes, adds domestic flights 
  • Jindal Steel raises 1,000 crore through NCDs.
  • JSW Steel is back to incremental growth strategy
  • Trend in FII flows: The FIIs were net sellers of Rs -874.89 cr in the cash segment on Friday while the DIIs were net buyers of Rs.648.17 cr, as per the provisional figures released by the NSE.


INDIAN EQUITY MARKET WRAPUP-18 DEC 2014


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INDIAN BENCHMARKS rose 1.6 pct on global rally, tax reform-led short-covering.
  • INDIAN EQUITY BENCHMARKS   rose over 1.5% on Thursday to snap their 5-day selling streak as blue chips such as ICICI Bank surged after a global rally and the cabinet's nod to a nationwide sales tax bill led to unwinding of short positions. The S&P BSE Sensex and CNX Nifty ended 1.56%-1.61% higher each.
  1. Jain Irrigation’s food processing grows by 15%
  2. IT sector: Oracle’s overall earnings beat expectations
  3. India's sugar production rises by 47% till December 15
  • The crucial resistance for Nifty is now seen at 8200 and above this 8275. Support for the immediate term is now placed at 8095 and next support will be 8020.

TOP CORPORATE NEWS-18 DEC 2014


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·RPP Infra Projects bags new order worth Rs495.46 mn
RPP Infra Projects bags new order worth Rs. 495.46 million from Tamilnadu Water Supply & Drainage Board for Providing Combined Water Supply Scheme to 158 Rural habitations in Gudimangalam and Udumalaipettai Unions in Tiruppur District, Tamilnadu
·OM Metals gets award for completion of road project
OM Metals Infraprojects announced that the company has been awarded for development and two laning of 212 km Jaipur Bhilwara Highway from Jaipur (SH 12) to Bhilwara (NH 79) via Kekri, Malpura on public private partnership ( PPP) model by Public works Deptt, Govt of Rajasthan on Design Build Finance operate and transfer ( DBFOT) basis for a concession period of 22 years.
·Zicom Unveils 'Ziman' Mobile Application
Zicom, a leading player in security solutions, today launched 'Ziman', a new mobile application aimed at helping women, children and senior citizens in India in any emergency and distress situation.
·IOCL gains on establishing refinery in Odisha
Indian Oil Corporation Ltd ( IOCL) rose nearly 3%, touching to Rs332.7, after Oil Minister said that the company is establishing a refinery of 15 mmtpa capacity at Paradip, Odisha, at an estimated cost of Rs34162 crore.The Minister of State (Independent Charge) for Petroleum & Natural Gas Dharmendra Pradhan informed the Rajya Sabha in a written reply yesterday, December 17, 2014, that Indian Oil Corporation ( IOCL) is establishing a refinery of 15 million metric tonne per annum (mmtpa) capacity at Paradip, Odisha, at an estimated cost of Rs34162 crore.
·IVRCL signs agreement for sell of stake in Chennai Water
IVRCL has announced that the company has entered into a binding agreement on December 18, 2014 with Dubai- based Utico FZC to sell equity stake in Chennai Water Desalination with a total project cost of Rs550 crores.
·Captain Polyplast bags order from Sardar Sarovar Narmada Nigam
 Captain Polyplast announced that the company has received a work order from Sardar Sarovar Narmada Nigam for laying down an under ground pipeline for connecting various fields of farmers with canals of Narmada River. The estimate value of work order is worth Rs 40 crores and is expected for completion by March 31, 2015.
·L&T advances as CPPIB invests Rs1000 crore in L&T IDPL
Larsen & Toubro (L&T) and Canada Pension Plan Investment Board ( CPPIB) have completed the definitive investment agreement entered into in June 2014. The agreement was made between L&T and a wholly owned subsidiary of CPPIB for investment into L&T's subsidiary L&T Infrastructure Development Projects (L&T IDPL). The announcement was made after market hours yesterday, 17 December 2014.
·Zicom makes investment limits through share acquisition
Zicom Electronic Security Systems announced in the meeting, that its board has approved to increase the limits for making investments in the form of acquisition of shares and other securities of bodies corporate, granting loans / giving guarantees / providing securities to various persons and corporate bodies.





Wednesday, 17 December 2014

INDIAN EQUITY MARKET OUTLOOK-18 DEC 2014


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  • INDIAN BENCHMARK  are likely to open on a positive note as global cues look supportive. SGX Nifty is trading 92.00 points higher.
  •  FURTHER, HC reserves order on Novartis-Cipla drug dispute.
  •  Tata Motors developing vehicles for defence sector.
  •   RBI slaps Rs 50 lakh penalty on ICICI Bank, Rs 25 lakh on BoB.
  •  Trend in FII flows: The FIIs were net sellers of Rs -1636.36 cr in the cash segment on Friday while the DIIs were net sellers of Rs. 1423.83 cr, as per the provisional figures released by the NSE.

INDIAN EQUITY MARKET WRAPUP -17 DEC 2014


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INDIAN BENCHMARKS weak start with intraday surprises: Bearish end.
INDIAN EQUITY BENCHMARKS edged lower on volatility in global markets raised fears of foreign selling, although indexes cut early losses of more than 1% as state-run Life Insurance Corporation of India bought shares aggressively. The S&P  BSE Sensex and CNX Nifty ended 0.27%-0.47% lower each.
  • M&M fell 1.15%, after the company said it may observe no production days at some of its plants till March 2015 to align its production with sales requirements.
  • Jagran Prakashan fell 5.36%, after the company announced its foray into the radio industry by acquiring Music Broadcast.
  • Tata Steel rose 1.04%, on reports the Odisha government allowed the steel major to resume mining operations in four iron ore mines in the state.
The crucial resistance for Nifty is now seen at 8125 and above this 8185. Support for the immediate term is now placed at 7990 and next support will be 7925.
                           

TOP CORPORATE NEWS -17 DEC 2014

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Dr Reddy's bounces back 5% from day low
Shares of Dr Reddy’s Laboratories moved higher by 2% to Rs3,213, bouncing back 5% from intra-day’s low on the National Stock Exchange ( NSE).The stock hit a low of Rs3,057 in early morning trade, after 6.4% yesterday’s fall, on fear that a crash of the Russian currency would hurt the exports of the company.
Godrej Properties falls after huge bulk deal
Godrej Properties slipped nearly 3%, touching to Rs241.35, after 1.51%  equity changed hands in a  bulk deal on the BSE today, December 17, 2014.A  bulk deal of 30.22 lakh shares was executed on the Godrej Properties scrip at Rs251.70 per share in opening trade on the BSE today.
Natco Pharma drops on allotment of preferential shares
Natco Pharma has allotted 1, 61,775 equity shares of Rs10 each at a premium of Rs1190 per share on preferential basis other than cash to the promoters of Natco Organics Limited.  Natco Organics Limited is a 51% subsidiary of Natco Pharma. The stock opened at Rs1, 334 and touched a low of Rs1, 302.Shares of Natco Pharma dropped over 2% at Rs1, 320 after the board allotted shares to promoters of  Natco Organics at a discount to the current market price.
Spice Jet slumps over 6% on grounded fleet
Shares in Spice Jet fall as much as 6.8% to Rs13.10 as the budget carrier's aircrafts are currently grounded because oil companies have not refuelled any of its planes. Loss-making Spice Jet owes money to creditors including oil companies.
Hindalco Coal scam: SC rejects Hindalco case closure by CBI
Hindalco Coal scam: Supreme Court rejected Hindalco case closure by CBI saying that a further investigation is required and sought statement of coal minister in the allocation of coal blocks. Sentimentally negative for Hindalco.
Tata Steel surges in weak environment
Tata Steel rose nearly 3%, touching to Rs400.55, after the Odisha government allowed the steel maker to resume mining operations in four iron ore mines in the state. The state government has issued orders to restart operations of four captive iron ore mines of Tata Steel (till January 28, 2015) following an interim order of the Odisha High Court.




Tuesday, 16 December 2014

INDIAN EQUITY MARKET OUTLOOK-17 DEC 2014


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  • INDIAN BENCHMARK are likely to open on a mixed note as global cues look slightly supportive. SGX Nifty is trading 17.50 points lower.                   
  • FURTHER, Emami eyes big share in homeopathy segment.
  • LIC pays dividend of Rs1,634.9 cr to govt.
  • Ford India to recall 20,752 EcoSport cars to inspect corrosion concerns.           
  • Trend in FII flows: The FIIs were net sellers of Rs -1247.24 cr in the cash segment on WEDNESDAY while the DIIs were net buyers of Rs. 534.6 cr, as per the provisional figures released by the NSE.

INDIAN EQUITY MARKET WRAPUP-16 DEC 2014


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INDIAN BENCHMARKS faces global jitters; Rupee hits 13 month low

                                                                                                                                                                                      INDIAN EQUITY BENCHMARKS  slumped as much as 2% on Tuesday, marking its biggest daily fall in more than five months, on worries a weakening rupee amid continued global turmoil may force the central bank to delay expected cuts in interest rates. The S&P BSE Se nsex and CNX Nifty ended 1.97%-1.85% lower each.                                                                                                                                     ·OMCs cut prices of Petrol and diesel by Rs2 per litre.·Stock which surprises Street in weak markets.
·Further , Tata Motors drops on disappointing JLR sales.

The crucial resistance for Nifty is now seen at 8215 and above this 8285 . Support for the immediate term is now placed at 8095 and next support will be 8045.



   

TOP CORPORATE NEWS -16 DEC 2014

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·Wipro plans spending $200 million on building next generation platforms
Wipro is spending more than $200 million annually on building next generation platforms that focus on disruptive technologies including cognitive technologies, automation and machine-to-machine learning as the country's third-largest software firm seeks to edge out competition in winning large deals.
·Paramount Printpackaging permanently closes factory in Navi Mumbai
 Paramount Printpackaging announced that the Company has decided to effect a permanent closure of its factory located at Plot No - A 309, T T C Industrial Area, MIDC, Mahape, Navi Mumbai - 400 701 with effect from December 14, 2014.
·IOL Chemicals wins second prize in chemical sector
Chemicals & Pharmaceuticals announced that the Company has once again won the National Energy Conservation Award 2014. The Company has won the second prize in Chemical Sector for its continued efforts towards new technology implementation so as to conserve energy resources of the country. Damandeep Singh, Vice President, IOLCP received the award from Pyush Goyal - Power Minister at a special felicitation ceremony held on 14 December 2014, National Energy Conservation Day, at New Delhi.
·Tata Motors drops on disappointing JLR sales
Shares of Tata Motors dropped 3% at Rs480 on the BSE after retail volumes of its UK-based subsidiary Jaguar and Land Rover dropped for the second straight month.
The stock opened at Rs491 and touched a low of Rs479. Volumes fell after the two Tata Motors-owned brands reported production issues related to transition to new models and stock clearance in its biggest market China.
· Strides gets USFDA nod for Calcitriol Softgel Capsules
Strides Arcolab announced that it has received approval from the United States Food & Drug Administration for Calcitriol Softgel Capsules, 0.25 mcg and 0.5 mcg.
The product will be manufactured at the Company's Oral dosage factory in Bangalore and marketed by Strides in the US market.
·OMCs cut prices of Petrol and diesel by Rs2 per litre
Oil marketing companies have cut prices of Petrol and diesel by Rs2 per litre which is the eighth consecutive reduction in petrol prices in the last four months and the fourth in diesel since October 18.
As a result prices of petrol and diesel have fallen to a 45 month low.
·Alstom T&D India bags order worth Rs1515 mn
 Alstom T&D India today said that it has bagged an order worth around €20 million (Rs 1515 million) from Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RRVPNL) to supply a 400/220 kV substation in Bhadla, and expand the existing 400/220 kV substation in Bikaner, both situated in the state of Rajasthan. 'Alstom T&D India will design, engineer, manufacture, install and commission the Bhadla 400/220 kV substation, including twenty 400 kV bays and seventeen 220 kV bays.



Monday, 15 December 2014

INDIAN EQUITY MARKET OUTLOOK -16 DEC 2014


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  • INDIAN BENCHMARK   are set to open lower today tracking a mostly weak trend across markets in Asia as the sell-off in oil continued while a contraction in Chinese manufacturing this month raised concerns over the health of the global economy.
  • FURTHER, CCI clears Reliance-Prime Focus deal.
  • JSW returns Salboni project land to farmers.                                               
  • GSK Consumer elevates marketing head Jayant Singh to regional position.
  • Godrej aims sales worth Rs2,800 crore by fiscal-end.
  • Trend in FII flows: The FIIs were net sellers of Rs - 455.72 cr in the cash segment on Monday while the DIIs were net buyers of Rs. 136.02 cr, as per the provisional figures released by the NSE.

INDIAN EQUITY MARKET WRAPUP - 15 DEC 2014

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INDIAN BENCHMARKS Smart intraday recovery: flat closing

INDIAN EQUITY BENCHMARKS ended flat after earlier hitting their lowest levels in 1-1/2 months as software services providers fell after Tata Consultancy Services' tepid comments on its outlook, while other blue-chips were hit by global risk aversion. The S&P BSE Se nsex and CNX Nifty ended 0.11%-0.05% lower each.
  • TCS lost 3.78% after the company said that there will be adverse currency impact on constant currency revenue in rupee terms in Q3 December 2014.
     
  • On Mobile Global rose 3.72%, after the company's board of directors approved buyback of shares.
     
  • Career Point hit 20% upper circuit, after the company's wholly owned subsidiary was granted Certificate of Registration by the Reserve Bank of India.
The crucial resistance for Nifty is now seen at 8295 and above this 8355. Support for the immediate term is now placed at 8220 and next support will be 8170.







Sunday, 14 December 2014

INDIAN EQUITY MARKET OUTLOOK -15 DEC 2014

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  • INDIAN BENCHMARK are likely to open lower tracking weak global weighed down by sharp fall in crude oil prices. SGX Nifty is trading 38.50 points lower. The Indian equity market is expected to start the week on a negative note on the back of weak global cues and poor macro data.
  • FURTHER, ONGC to use GSPC's under-sea infrastructure for KG find.
  • Oil India signs contract for two oil blocks in Myanmar.
  • Hinduja group acquires UK's Old War Office building.                                     
  • Trend in FII flows: The FIIs were net sellers of Rs - 864.96 cr in the cash segment on Friday while the DIIs were net buyers of Rs. 323.41 cr, as per the provisional figures released by the NSE.


Friday, 12 December 2014

INDIAN EQUITY MARKET WRAPUP - 12 DEC 2014


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INDIAN BENCHMARKS dismal end...Nifty shuts below 8250
INDIAN EQUITY BENCHMARKS fell for a fifth session in six  to post its worst weekly loss since July as oil explorers continued to slump after Brent crude prices slipped to below $63 a barrel.
  • JLR November 2014 global retail volumes down 2.1% YoY.
  • Union Minister: revival of 6-7 fertilizer mfg facilities done.
  • Further ,TTK Prestige FY15 sales guidance revised to 12-14%.
The crucial resistance for Nifty is now seen at 8375  and above this 8435. Support for the immediate term is now placed at 8260 and next support will be 8195.


TOP CORPORATE NEWS - 12 DEC 2014


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·OPEC lowers its projection for 2015 crude oil production
OPEC has lowered its projection for 2015 crude oil production to 28.9 million barrels a day, a 300,000 fewer than previously forecast and a 12 Year low due to burgeoning supply from North America and other rising producers.
·Bank of Maharashtra proposes to issue AT1 Basel III compliant Bonds
Bank of Maharashtra announced that the Bank is proposing to issue AT1 Basel III compliant Bonds of Rs500 crore with Green Shoe Option of Rs500 crore.
The Bank is calling for quotes / bids from merchant bankers / arrangers to participate in the above issue.
·NMDC signs MoU with Acron
NMDC-led consortium of four state-run companies and one cooperative signed an agreement to buy 30% stake in Russian fertiliser producer ACRON's $2-billion potash mine project NMDC will have 15% stake in the project, the remaining 15% will be shared among Rashtriya Chemicals and Fertilizers (RCF), Kribhco, FACT and National Fertilizers Ltd.
·Alstom T&D secures order from MSETCL
Alstom T&D India has secured orders of around Rs246.20 crore (32 million euros) from Maharashtra State Electricity Transmission Co. Ltd. ( MSETCL) to build 400/220kV grid substations at Kudus, Alkud, and Kondhwa in Maharashtra.The substation will strengthen the 220kV transmission network as part of Maharashtra's 12th Five Year Plan to strengthen the transmission system and enhance the capacity of power evacuation systems.
·Reliance names Rix as its arbitrator in gas dispute
Reliance Industries has named former UK judge Sir Bernard Rix as its arbitrator in the KG-D6 cost recovery dispute with the government in place of former Chief Justice of India S P Bharucha who quit last week.
RIL gave the name of Rix, who recently retired as Lord Justice of Appeal with 20 years experience in the Commercial Court and the Court of Appeal, earlier this week.
·Suven Life jumps on bagging product patents
Suven Life Sciences rose 7% touching to Rs224.6, after the company said it secured five product patents for their new chemical entities in Israel, Japan, China and New Zealand.
Suven Life Sciences (Suven) has announced that the grant of two product patents from Israel, one product patent from Japan, one product patent from china and one product patent from New Zealand corresponding to the new chemical entities ( NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these patents are valid through 2027, 2028, 2029 and 2030 respectively.


Thursday, 11 December 2014

INDIAN EQUITY MARKET OUTLOOK - 12 DEC 2014


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  • INDIAN BENCHMARK  are likely to open on a slightly higher note as global cues look mixed. SGX Nifty is trading 4.00 points higher.
  • FURTHER, Tata Chemicals to invest Rs150 crore in nutraceutical plant near Chennai
  • Bank of Maharashtra cuts minimum lending rate to 10.25%.
  • DBS revises down GDP forecast to 5.6% in FY15.
  • Trend in FII flows: The FIIs were net buyers of Rs -808.27 cr in the cash segment on Thursday while the DIIs were net sellers of Rs. 431.93 cr, as per the provisional figures released by the NSE.