: The Market has opened in Green on Monday, The Nifty up by 8 point or 0.12 per cent at 8228 but below its crucial level of 8250. The US Job creation tumbled in may, U

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : The Market has opened in Green on Monday, The Nifty up by 8 point or
0.12 per cent at 8228 but below its crucial level of 8250. The US Job creation tumbled in
may, US crated 38,000 jobs in May vs. 162,000 expected its is in six year low level.
Casting doubt on hopes for strong economic recovery as well as the Fed rate hike decision
in this Summer.Although the Fed Chairperson Jennet Yellen is confident about the
Economic Recovery and rate hike is possible Gradually she said in statement. This week
was eventful with the Reserve Bank of India monetary policy review & the southwest
monsoon has reached in the kerala coast as per Indian Meteorological Department
prediction. If the Monsoon will be above than normal it will impact the market positively,
we believe that if the Nifty is going to Sustain the Level of 8200-8250 can move upward
the 8336-8450. The option call put data also Suggest upward move with most call strike is
around 8400 and Put strike at 8000. The Strong Levels for The Nifty for Next week is
8150-8220 is downside and 8350-8380 on upside.
BANK NIFTY : - Bank Nifty is opened in positive note on Monday up by 125 points or
0.70 at 17796.S The Federal Reserve chair woman Jennet Yellen affirmed that the central
Bank will not be raising the rate until the uncertainties of the economic outlook. Finance
Minister Arun Jaitley reportedly said that the government is looking only at State Bank of
India merging 5 subsidiaries as well as Bharatiya Mahila Bank with itself. The Reserve
Bank of India may be poised to throw a lifeline to banks by easing tough bad-loan
recognition norms, enforced as part of its asset-quality review, following an improvement
in the behavior of some big-ticket borrowers, The global rating Agency Moody’s has
estimated, The Indian Bank need funding around 1.20 lakh crore in 2020. The Bank Nifty
Crucial level for Next week will be around 17700-17560 is down side 17800-18160.
Monday, 11 June 2016

3. TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
8498 8300 8201 8102 7904
WEEKLY R2 R1 PP S1 S2
8599 8341 8212 8083 7825
MONTHLY R2 R1 PP S1 S2
8624 8348 8210 8072 7796
BANK NIFTY
DAILY R2 R1 PP S1 S2
18579 18141 17922 17703 17265
WEEKLY R2 R1 PP S1 S2
19076 18260 17852 17444 16628
MONTHLY R2 R1 PP S1 S2
19853 18455 17756 17057 15659
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 8048 7911 7643 7794
BANK NIFTY 17169 16748 15860 16496
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 8139 7703 6904
BANK NIFTY 17250 16150 13470

4. PATTERN FORMATION ( NIFTY )
Detail of Chart -
On the Above Given Chart of Nifty has Applied the Parabolic SAR along with that it has
made the Channel Line for more than the Period of week, and it has given the Break on
above side and reverse in the downward as we have seen the Good Rally in the Nifty in
last week but Nifty is not able to break the Strong Resistance level of 8250-8300. We
could witness the correction in Nifty which is around 8100-8023 Level for Next week.
The Next week will be crucial for Nifty due to Federal Meeting & BoJ will influence the
market. The Crucial Level for Nifty is 8000-8080 is down side and 8250-8300 on upside.

5. PATTERN FORMATION ( BANK NIFTY )
Details of Chart-
On the Above given Chart of Bank Nifty has Applied The Bollinger Band Along With
the Parabolic SAR both these are the Trend Identification Indicators along with that the
Bank Nifty chart also formed the Channel line for more than week period break Above or
below will implies the Nifty trend in the Upcoming Week if the Bank Nifty is Able to
Break the Level of 17750 we may witness the level of 17400-17250 down side and if
sustain the Rally the Level for Bank Nifty would be 17960-18230.

6. NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1563 1553 1542 1532 1521
ALBK EQ 56 55 53 52 50
AMBUJACEM EQ 238 236 233 231 228
ASIAN PAINT EQ 1003 998 994 989 985
AXISBANK EQ 554 548 543 537 532
BAJAJ-AUTO EQ 2646 2611 2588 2553 2530
BANKBARODA EQ 153 150 147 144 142
BANKINDIA EQ 91 90 89 88 87
BHEL EQ 128 126 123 121 118
BHARTIARTL EQ 356 354 350 348 344
CIPLA EQ 490 483 478 471 466
COALINDIA EQ 318 313 308 304 300
DLF EQ 139 136 135 132 131
DRREDDY EQ 3112 3089 3069 3046 3026
GAIL EQ 383 377 373 367 363
GRASIM EQ 4398 4356 4304 4262 4210
HCLTECH EQ 764 758 751 745 738
HDFC EQ 1260 1245 1237 1222 1214
HDFCBANK EQ 1179 1170 1163 1154 1147
HEROMOTOCO EQ 3136 3102 3080 3046 3024
HINDALCO EQ 118 116 113 111 108
HINDUNILVR EQ 889 882 876 869 863
ICICIBANK EQ 259 256 253 250 247
ITC EQ 361 358 353 348 345
INDUSIND BANK EQ 1132 1121 1114 1103 1096
INFY EQ 1200 1190 1180 1170 1160
JINDALSTEL EQ 67 66 64 63 61
KOTAKBANK EQ 764 757 750 743 736
LT EQ 1518 1502 1489 1473 1460
M&M EQ 1422 1399 1381 1358 1340
MRF EQ 32852 32508 32297 31953 31742
MARUTI EQ 4228 4169 4137 4078 4046
ONGC EQ 224 221 219 216 214
ORIENTBANK EQ 93 92 90 89 87
RCOM EQ 51 50 49 48 47
RELCAPITAL EQ 414 408 405 399 396
RELIANCE EQ 992 983 976 967 960
RELINFRA EQ 568 559 550 541 532
RPOWER EQ 54 53 52 51 50
SBIN EQ 213 209 207 203 201
SSLT( VEDL) EQ 119 117 116 114 113
SUNPHARMA EQ 752 747 743 738 734
TATAMOTORS EQ 472 465 459 452 447
TATAPOWER EQ 77 77 76 75 75
TATASTEEL EQ 348 341 337 330 326
UNIONBANK EQ 123 122 120 119 117

7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER ECHNICAL ANALYSIS PRIDICTION)
Futures Pack
NSE CASH : BUY JETAIRWAYS NSE CASH ABOVE 581 TGT 612 SL 565.
NSE CASH : BUY L&TFH NSE CASH ABOVE 79.50 TGT 83.50 SL 77.50.
NSE CASH : BUY HDIL NSE CASH ABOVE 99.50 105 SL 96.50.
NSE CASH : BUY IBREALEST NSE CASH ABOVE 102 TGT 107 SL 99.
Cash Pack
NSE FUTURE : BUY RELIANCE FUTURE ABOVE 980 TGT 995 SL 970
NSE FUTURE : BUY GRANULES FUTURE ABOVE 144.50 TGT 148.50 SL 143
NSE FUTURE : SELL MARICO FUTURE BELOW 251 TGT 246 SL 254
NSE FUTURE : SELL AMBUJACEM FUTURE BELOW 232.50 TGT 222.50 SL 236
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 INFOSYS 1266 1180
-6.81 %
2 AURO PHARMA 789 743
-5.91 %
A
U
R
O
P
H
A
R
M
A
7
8
9
7
4
3
-
5
.
9
1
%
A
U
R
O
P
H
A
R
M
A
7
8
9
7
4
3
-
5
.
9
1
%
A
U
R
O
P
H
A
R
M
A
7
8
9
7
4
3
-
5
.
9
1
%
A
U
R
O
P
H
A
R
M
A
7
8
9
7
4
3
-
5
.
9
1
%
A
U
R
O
P
H
A
R
M
A
7
8
9
7
4
33 BOSCH LIMITED 22269 21492
-3.49 %
4 ASIAN PAINTS 1025 992
-3.24 %
A
S
I
A
N
P
A
I
N
T
S
1
0
2
5
9
9
2
-
3
.
2
4
%
A
S
I
A
N
P
A
I
N
T
S
1
0
2
5
9
9
2
-
3
.
2
4
%
A
S
I
A
N
P
A
I
N
T
S
1
0
2
5
9
9
2
-
3
.
2
4
%
A
S
I
A
N
P
A
I
N
T
S
1
0
2
5
9
9
2
-
3
.
2
4
%
A
S
I
A
N
P
A
I
N
T
S
1
0
2
5
9
9
25 DR.REDDY’S 3160 3065
-2.98 %
6 TCS 2629 2555
-2.81 %
T
C
S
2
6
2
9
2
5
5
5
-
2
.
8
1
%
T
C
S
2
6
2
9
2
5
5
5
-
2
.
8
1
%
T
C
S
2
6
2
9
2
5
5
5
-
2
.
8
1
%
T
C
S
2
6
2
9
2
5
5
5
-
2
.
8
1
%
T
C
S
2
6
2
9
2
5
5
5
7 BHARTI INFRA 384 374
-2.61 %
8 TECH MAHINDRA 551 537
-2.56 %
T
E
C
H
M
A
H
I
N
D
R
A
5
5
1
5
3
7
-
2
.
5
6
%
T
E
C
H
M
A
H
I
N
D
R
A
5
5
1
5
3
7
-
2
.
5
6
%
T
E
C
H
M
A
H
I
N
D
R
A
5
5
1
5
3
7
-
2
.
5
6
%
T
E
C
H
M
A
H
I
N
D
R
A
5
5
1
5
3
7
-
2
.
5
6
%
T
E
C
H
M
A
H
I
N
D
R
A
5
5
1
5
3
79 MARUTI SUZUKI 4217 4111
-2.52 %
10 HERO MOTOCORP 3146 3069
-2.44 %
H
E
R
O
M
O
T
O
C
O
R
P
3
1
4
6
3
0
6
9
-
2
.
4
4
%
H
E
R
O
M
O
T
O
C
O
R
P
3
1
4
6
3
0
6
9
-
2
.
4
4
%
H
E
R
O
M
O
T
O
C
O
R
P
3
1
4
6
3
0
6
9
-
2
.
4
4
%
H
E
R
O
M
O
T
O
C
O
R
P
3
1
4
6
3
0
6
9
-
2
.
4
4
%
H
E
R
O
M
O
T
O
C
O
R
P
3
1
4
6
3
0
6
9
11 KOTAK BANK 769 750
-2.42 %
12 BAJAJ AUTO LTD. 2639 2579
-2.24 %
B
A
J
A
J
A
U
T
O
L
T
D
.
2
6
3
9
2
5
7
9
-
2
.
2
4
%
B
A
J
A
J
A
U
T
O
L
T
D
.
2
6
3
9
2
5
7
9
-
2
.
2
4
%
B
A
J
A
J
A
U
T
O
L
T
D
.
2
6
3
9
2
5
7
9
-
2
.
2
4
%
B
A
J
A
J
A
U
T
O
L
T
D
.
2
6
3
9
2
5
7
9
-
2
.
2
4
%
B
A
J
A
J
A
U
T
O
L
T
D
.
2
6
3
9
2
5
7
9
13 BHARTI AIRTEL 358 351
-1.97 %
14 HDFC 1254 1230
-1.95 %
H
D
F
C
1
2
5
4
1
2
3
0
-
1
.
9
5
%
H
D
F
C
1
2
5
4
1
2
3
0
-
1
.
9
5
%
H
D
F
C
1
2
5
4
1
2
3
0
-
1
.
9
5
%
H
D
F
C
1
2
5
4
1
2
3
0
-
1
.
9
5
%
H
D
F
C
1
2
5
4
1
2
3
015 IDEA CELLULAR 105 103 -1.85 %
SR.NO SCRIPT NAME PREV
CLOSE
CMP % CHANGE
1
HINDALCO INDUS 91.90 105.55 +14.85 %
2 TATAMOTORS 403.90 453.95 +12.39 % T
A
T
A
M
O
T
O
R
S
4
0
3
.
9
0
4
5
3
.
9
5
+
1
2
.
3
9
%
T
A
T
A
M
O
T
O
R
S
4
0
3
.
9
0
4
5
3
.
9
5
+
1
2
.
3
9
%
T
A
T
A
M
O
T
O
R
S
4
0
3
.
9
0
4
5
3
.
9
5
+
1
2
.
3
9
%
T
A
T
A
M
O
T
O
R
S
4
0
3
.
9
0
4
5
3
.
9
5
+
1
2
.
3
9
%
T
A
T
A
M
O
T
O
R
S
4
0
3
.
9
0
4
5
3
.
9
5
3
COAL INDIA LTD 281 308 +9.83 %
4 ADANI PORTS 191 204 +6.70 % A
D
A
N
I
P
O
R
T
S
1
9
1
2
0
4
+
6
.
7
0
%
A
D
A
N
I
P
O
R
T
S
1
9
1
2
0
4
+
6
.
7
0
%
A
D
A
N
I
P
O
R
T
S
1
9
1
2
0
4
+
6
.
7
0
%
A
D
A
N
I
P
O
R
T
S
1
9
1
2
0
4
+
6
.
7
0
%
A
D
A
N
I
P
O
R
T
S
1
9
1
2
0
4
5
AXIS BANK LTD 512 542 +5.90 %
6 NTPC 140 147 +5.35 % N
T
P
C
1
4
0
1
4
7
+
5
.
3
5
%
N
T
P
C
1
4
0
1
4
7
+
5
.
3
5
%
N
T
P
C
1
4
0
1
4
7
+
5
.
3
5
%
N
T
P
C
1
4
0
1
4
7
+
5
.
3
5
%
N
T
P
C
1
4
0
1
4
7
7
HERO MOTOCORP 3002 3146 +4.79 %
8 KOTAK BANK 742 769 +3.60 % K
O
T
A
K
B
A
N
K
7
4
2
7
6
9
+
3
.
6
0
%
K
O
T
A
K
B
A
N
K
7
4
2
7
6
9
+
3
.
6
0
%
K
O
T
A
K
B
A
N
K
7
4
2
7
6
9
+
3
.
6
0
%
K
O
T
A
K
B
A
N
K
7
4
2
7
6
9
+
3
.
6
0
%
K
O
T
A
K
B
A
N
K
7
4
2
7
6
9
9
AUROBINDO 763 789 +3.50 %
10 TECH MAHINDRA 535 551 +2.95 % T
E
C
H
M
A
H
I
N
D
R
A
5
3
5
5
5
1
+
2
.
9
5
%
T
E
C
H
M
A
H
I
N
D
R
A
5
3
5
5
5
1
+
2
.
9
5
%
T
E
C
H
M
A
H
I
N
D
R
A
5
3
5
5
5
1
+
2
.
9
5
%
T
E
C
H
M
A
H
I
N
D
R
A
5
3
5
5
5
1
+
2
.
9
5
%
T
E
C
H
M
A
H
I
N
D
R
A
5
3
5
5
5
1
11
BAJAJ AUTO LTD 2563 2639 +2.94 %
12 HUL 861 884 +2.75 % H
U
L
8
6
1
8
8
4
+
2
.
7
5
%
H
U
L
8
6
1
8
8
4
+
2
.
7
5
%
H
U
L
8
6
1
8
8
4
+
2
.
7
5
%
H
U
L
8
6
1
8
8
4
+
2
.
7
5
%
H
U
L
8
6
1
8
8
4
13
TATA STEEL 329 338 +2.72 %
14 ASIANPAINTS LTD 998 1025 +2.71 % A
S
I
A
N
P
A
I
N
T
S
L
T
D
9
9
8
1
0
2
5
+
2
.
7
1
%
A
S
I
A
N
P
A
I
N
T
S
L
T
D
9
9
8
1
0
2
5
+
2
.
7
1
%
A
S
I
A
N
P
A
I
N
T
S
L
T
D
9
9
8
1
0
2
5
+
2
.
7
1
%
A
S
I
A
N
P
A
I
N
T
S
L
T
D
9
9
8
1
0
2
5
+
2
.
7
1
%
A
S
I
A
N
P
A
I
N
T
S
L
T
D
9
9
8
1
0
2
515
YES BANK LTD 1025 1049 +2.33 %
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

8. NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
Government will back state-run banks to commercially deal with bad loans - The
government will back state-run banks to commercially deal with bad loans that have been
a drag on their performance, finance minister Arun Jaitley said."Banks should be
empowered and constitutionally protected to conduct commercially prudent settlements,"
Jaitley said on Monday after a review of the performance of public sector lenders.
"Various suggestions have come up for empowering the banks, functioning in an
environment, so that they can deal with the situation he said.Bankers will thrash out the
framework needed to shield them from decisions on haircuts and the government is fully
committed to support the banks in this regard, the minister said.
India pitches for rating upgrade with Fitch - India has pitched for a ratings upgrade
with global agency Fitch Ratings, citing improvement in macroeconomic conditions and
the government's commitment to fiscal consolidation."We highlighted the overall
economic situation and in all the major sectors the challenges which the economy faces
and what is the outlook for next year," economic affairs secretary Shaktikanta Das said
after a two hour meeting with the representatives of the agency. Fitch Ratings had in
December affirmed India's BBB- rating with a stable outlook, and has forecast 8 per cent
growth for 2016-17. BBB- is the lowest investment grade and just a notch above junk
grading. Chief economic adviser Arvind Subramanian had earlier said the government
has pitched for a rating upgrade with Fitch, stating finance ministry is committed to fiscal
consolidation path.
Global wealth managers cannot grow without including India: Report - Global
wealth managers cannot expand without including India in their growth story as strong
GDP growth rate, a huge young population, and an under-served market make it attractive
for the segment, says a report."In an economy like India, that has a huge mid- to low-
income group, wealth managers simply cannot think of expansion without including them
in their growth story," said a Price water house Coopers report titled "Sink or swim: why
wealth management can't afford to miss the digital wave". "Strong GDP growth rate, a
huge young population, and an under-served market make wealth management an
attractive segment in India," Vivek Belgavi, Partner, Financial Services - FinTech and
Technology Consulting, PwC India, said on leveraging the technology in wealth
management in India.

9. Speculation on 2nd term for RBI governor Raghuram Rajan refuses to die down -
Reserve Bank of India Governor Raghuram Rajan kept the market guessing about his
future at the central bank, putting the ball firmly back in the government's court.
Governor Rajan came prepared for the question and read out a self-prepared statement to
ensure that he didn't fumble for words."It will be cruel of me to spoil all the fun the press
is having with all the speculation," Rajan said, with a dash of humour."If you know such
cases, the decision is reached after discussion with the government and the incumbent. I
am sure you will know when there is news. I will direct you all to the statements of the
prime minister and the finance minister. That is all I have to say," he said.
Southwest monsoon to hit Kerala on June 9: IMD - All other criteria being already
met, with the expected enhancement in cloudiness over Lakshdweep, the India
Meteorological Department says that the onset of the south west monsoon is going to take
place by June 9. "In view of strengthening of cross equatorial flow and deepening of
westerlies over south Arabian sea and development of feeble off-shore trough along
Karnataka-Kerala coast , onset of monsoon over Kerala is very likely by June 9," stated
an IMD forecast.
RBI monetary policy: Here's what Raghuram Rajan had to say - The Raghuram
Rajan Initial Comments In monetary policy statement of April 2016 we said we will
watch macroeconomic and financial developments in the month ahead with a view to
responding as space opens up. Incoming data since then show a sharp and unexpected
upsurge in inflationary pressures emanating from a number of food items as well as the
rise in commodity prices. We expect that a strong monsoon, astute food management as
well as steady expansion in supply capacity especially in services could help offset these
upward pressures. But, given the uncertainties, the Reserve Bank will stay on hold.
However the stance of monetary policy remains accommodative and we will monitor
macroeconomic and financial developments finding further scope for policy action. We
will shortly review the Marginal Cost Lending Rate framework to iron out any issues and
we believe that timely capital infusion into constrained public sector banks will aid credit
flows he said.
India to be US$ 5 trillion economy in few years: Arun Jaitley - Finance Minister Arun
Jaitley said. Very hopeful of getting the Constitution Amendment Bill on GST passed in
the next session of Parliament, Minister of Finance, Corporate Affairs and Information &
Broadcasting said, while addressing a very large gathering of Japanese Business leaders
at a Seminar titled “India: Investment Promotion Seminar” in Osaka, organized by CII in
partnership with the Indian Embassy in Japan, JETRO, Kankeiren, JICA and Osaka

10. Chamber of Commerce and Industry here today. With the kind of reforms that have
picked up pace, the Indian economy is well on course to touch USD 5 trillion in size in
the foreseeable future, Mr Jaitley said. India’s failure at controlling population has
resulted in the creation of a very large and young population, which is not only one of the
largest markets of the world, but also a potential supplier of trained and skilled human
resources for the world, which is one of the reasons why the size of the Indian diaspora
has been increasing in most countries, Jaitley said.
Rate cut transmission to influence credit profile: Moody's - On a day when the
Reserve Bank left its key policy rates unchanged, Moody's Investors Service has said the
transmission of interest rate cuts will influence India's economic development and credit
profile. Saying that status quo on monetary policy was broadly in line with market
expectations, Moody's said there could be some short-lived spikes in inflation, driven by
food prices."Looking forward, we do not expect a significant change in the monetary
policy stance. Rather, the transmission of monetary policy will influence India's
economic development and credit profile," Moody's Investors Service said.
✍ TOP ECONOMY NEWS
Finance Minister Arun Jaitley said India’s economy has become “stronger” and
government is trying to bridge the gaps. Jaitley refused to make any direct comment in
regards to expectations from RBI, but said government was trying to improve the health
of the banks so that they can support the “growth” of the economy, says report. Jaitley
will have a meeting with CEOs of public sector banks to discuss various key challenges
facing the banking sector including growing non-performing assets, a day before the RBI
carries out bi-monthly review of the monetary policy.
India has now turned coal surplus and there are no shortages at the power plant for the
fossil fuel. In the case of Renewable, Power minister exuded confidence that India will
attain the National Solar Mission target of 20,000MW by 2017, five years ahead of
schedule.
Companies have raised over Rs. 1 trillion of debt through private placements of bonds,
according to data with SEBI. There were 314 issues in April totaling Rs. 410.78 billion
while May had 272 issues worth Rs. 598 billion.

11. Government will come out with revised IIP and WPI indices by the end of this year with
a new base year of 2011-12 in order to make them more representative of the changing
economic scenario.
To reduce import, the Government of India has decided to establish three bulk drugs and
three medical devices parks, which will entail a combined investment of Rs. 600 billion.
Industrial output growth in the country disappointed at -0.8% in April 2016, pulled down
by the manufacturing sector, which contracted by 3.1% over the same month in 2015.
India's foreign exchange reserves hit a record high at USD 363.46 billion for the week
ended June 3, mostly due to the central bank taking delivery of its forward-dollar
contracts and dollar buying in spot foreign exchange markets.
The power regulator has allowed power plants owned by central and state power utilities
to swap coal for its efficient usage and reduction of transportation charges, a move that
will lead to lowering of electricity tariffs.
Centre’s indirect tax mop-up rose by 33% in May likely led by high excise collections,
signaling a pick-up in economic activity.
Reserve Bank has canceled registration of three NBFCs including Escorts Finance,
Express Trading & Securities and Jayant Security & Fin.
✍ TOP CORPORATE NEWS -
Larson & Toubro has announced that it has signed contract to build stadium in Qatar
for 2022 FIFA World Cup. L&T ended at Rs. 1488.05, up by Rs. 19.95 or 1.36% from its
previous closing of Rs. 1468.1 . The scrip opened at Rs. 1469.1 and touched a high and
low of Rs. 1499.95 and Rs. 1461.55 respectively. A total of 2484293 shares were traded
on the counter. The current market cap of the company is Rs. 138687.45 crore.
Hindustan Unilever Limited is aiming to become the largest e-commerce player in the
grocery/FMCG segment soon.
BHEL Limited announced the commissioning of all the 3 super critical units of the 1980

12. MW coal-based Lalitpur Super Thermal Power Project in Uttar Pradesh within a span of
just 85 days.
NTPC Limited does not have any plans now to buy back its own shares, given the
company’s low cash position and ambitious capital expenditure plan.
Lenders to Essar Steel have asked the company to prepare a new debt repayment plan.
Bank officials will meet later this month to examine the company's proposal to repay
loans of around Rs. 400 billion.
Five subsidiaries of Coal India Limited will buy back up to 25% of their shares from the
parent so that the coal monopoly can go ahead with its own share buyback offer to the
government and the public.
Tata Steel West Bokaro Division has inaugurated 'High Wall Mining', a unique coal
mining initiative that provides a solution to mine coal that is blocked coal safely in
barriers.
Insecticides India Limited is planning to bring some products from Japan and the US to
the Indian market.
Ramky Infrastructure it has bagged orders worth Rs. 612.88 crore for road projects in
Chhattisgarh and Punjab.
Strides Shasun has received Establishment Inspection Report from the US health
regulator on closure of inspection of its oral dosage facility at Bengaluru.
IOC, BPCL and HPCL have struck a temporary deal with Reliance Industries and Essar
Oil to resume buying petrol and diesel from private refiners on revised terms.
Alstom Bharat Forge Power Private Ltd , the joint venture company between GE and
Bharat Forge Limited, has signed a contract worth Rs. 14.95 billion with NTPC. The
company will supply two units of 800Mw ultra-super critical steam turbine generator
islands on EPC basis, along with related civil work for the Telangana Super Thermal
Power Project phase 1 near Ramagundam in Karimnagar district.
Godrej Properties has partnered with AR Landcraft to develop 100 acre township
project in Greater Noida.

13. Equitas Holdings, has floated a new subsidiary called Equitas Technologies Private,
which is creating an electronic platform to bring together truck owners and those who
want to transfer goods.
A consortium led by GMR Infrastructure has bagged Rs. 28.80 billion contract for
developing a 221-kilometer stretch of the Eastern arm of the Dedicated Freight Corridor
project on Engineering, Procurement and Construction basis.
DLF Limited, facing a debt burden of over Rs. 220 billion, is looking to divest 40%
stake in its rental assets arm — DLF Cyber City Developers — and hopes to zero-in on a
partner in two-three months.
Mylan and Biocon Limited have said that the recent trial data has further confirmed the
efficacy and safety of their breast cancer drug MYL-1401O, a development that validates
the quality of biosimilar drugs for cancer patients.
NMDC and MOIL will buy back 25% of their paid-up equity.
Wipro wishes to take forward a plan to revive a special economic zone project in West
Bengal.
The Debt Recovery Tribunal advised State Bank of India to consider the option of
adjusting Rs. 20 billion deposited by Vijay Mallya in the high court against loans taken to
run the now-defunct Kingfisher Airlines.
Rajesh Exports Limited has secured a Rs. 6.53 billion export order for gold and
diamond studded jewelry from Singapore.
ABB opened its Global Business Service center in Bengaluru.
Sun Pharmaceutical Industries had entered the dermatology segment as part of an
initiative to further expand its retail offerings.
Adani Enterprises is in the process of setting up a copper smelter project with a capacity
of 1mt/pa at an investment of Rs. 100 billion at Adani Port Special Economic Zone in
Gujarat.

14. JSW Energy has taken part in the recent tender floated by the Power Company of
Karnataka in which bids were opened.
Koovs said Indian newspaper publisher HT Media invested GBP3mn (around Rs290mn)
in the company for an 8.2% stake.
Lupin Limited is recalling over 54,000 vials of anti-bacterial injection Ceftriaxone
manufactured at its Mandideep facility in Madhya Pradesh due to violation of current
good manufacturing norms.
MRPL and Indian Oil Corporation, which last month paid USD 750 million to Iran,
paid another USD330 million this month through EIH bank.
The Central Drugs Standard Control Organization has found Alkem Labs' anti-diabetic
drug Glimekem to be of sub-standard quality.
Infosys would provide its core banking solution Financial to e-commerce platform Paytm
for its payments bank business.
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
The Oriental Bank of commerce to be is growing the Credit Growth of 12 Per cent in
this year for Corporate lending the lender has said that they are planning to reach in 12
per cent growth in this year.
Axis Bank Limited raised USD 500 million at the London Stock Exchange after it
launched India's first internationally-listed certified green bond to finance climate change
solutions around the world.
RBI Governor Raghuram Rajan today said he is not "overly perturbed" by surrender of
Payments Bank license by some companies but indicated that there could be a mechanism
to ensure that entities apply for license after due diligence as there is a cost involved in
vetting them.
Finance Minister Arun Jaitley reportedly said that the government is looking only at
State Bank of India merging 5 subsidiaries as well as Bharatiya Mahila Bank with
itself.“We are looking at SBI at the moment.The government’s policy by and large
supports consolidation, " says Jaitley.

15. The Reserve Bank of India may be poised to throw a lifeline to banks by easing tough
bad-loan recognition norms, enforced as part of its asset-quality review, following an
improvement in the behavior of some big-ticket borrowers, said two people with
knowledge of the plan.
Private sector lender Yes Bank Limited said it has received shareholders ' nod for raising
around Rs 16,700 crore through issuance of various instruments in one or more tranches.
"The shareholders have approved through special resolution to raise capital aggregating
up to $1 billion around Rs.6,700 crore by issue of shares or convertible securities in one
or more tranches in the course of domestic and/or international offerings," Yes Bank
spoke person said.
HDFC Bank Limited reduced one-month marginal cost lending rate to 8.95 percent
from 9%, according to reports. Housing Development Finance Corporation Bank Limited
ended at Rs. 1174.2, up by Rs. 3.2 or 0.27% from its previous closing of Rs. 1171 on the
NSE.

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