The Market has started off week on a positive note, tracking global cues post US job data.The Nifty50 climbed 38 points to 7751 and 0.43 per cent. Asian market is also opened in a positive note tracking the US market on Monday.

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : The Market has started off week on a positive note, tracking global cues
post US job data.The Nifty50 climbed 38 points to 7751 and 0.43 per cent. Asian market is
also opened in a positive note tracking the US market on Monday. Sentiment on Wall
Street improved after a report showed that economic activity in the US manufacturing
sector expanded in March for the first time in six months. Equity benchmarks lost half a
percent in early trade Tuesday on weak Asian cues and ahead of RBI Monetary Policy.
Reserve Bank of India in its first bi-monthly Monetary Policy review for 2016-17 has cut
the repo rate by 0.25 bps to 6.5 per cent. The Chinese data surprising the market with
better-than-expected manufacturing data in months. It is back to fundamentals for our
market. Earnings are not growing fast, the global scenario is poor and that is why the
market has fallen. There is very little in terms of a catalyst to take the market higher. If
that continues, you could see this market go down further, maybe to the 7,400 level. The
strong support for Nifty is 7507-7420 and Resistance for Nifty is 7590-7680.
BANK NIFTY : - The Bank Nifty Open Positive on Monday at 16236 Up by 62 points or
0.47 per cent , The Reserve Bank of India on Tuesday cut the key interest rate by 0.25 per
cent and introduced a host of measures to smoothen liquidity supply so that banks can lend
to the productive sectors and indicated accommodative stance going ahead. And it raised
the Reserve repo rate by 25 basis points. Reserve Bank of India Governor Raghuram
Rajan sounded dovish in his policy statement , saying that the interest rates are now
significantly lower and will continue to be so. US Federal Reserve Chair Janet Yellen
believes the strength in the US labour market would warrant more rate hikes in the future.
We are optimistic about the market in near term. The Bank Nifty Strong Support around is
15420-15100 and Up side 16040-16180.
Monday, 11 April 2016

3. TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
7675 7591 7549 7507 7420
WEEKLY R2 R1 PP S1 S2
8327 7853 7616 7379 6905
MONTHLY R2 R1 PP S1 S2
8326 7852 7615 7378 6904
BANK NIFTY
DAILY R2 R1 PP S1 S2
16045 15733 15577 15421 15109
WEEKLY R2 R1 PP S1 S2
18234 16596 15777 14958 13320
MONTHLY R2 R1 PP S1 S2
18227 16589 15770 14951 13313
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7623 7420 7576 7890
BANK NIFTY 15710 15081 15799 16830
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 7784 6986 7901
BANK NIFTY 16260 13590 18056

4. PATTERN FORMATION ( NIFTY )
Detail of Chart -
On the Above given chart of Nifty has applied the MACD along with Fibonacci
retracement these are the trend identifying pattern and made the Support and Resistance
level in the Nifty daily chart that made on the above given chart we have draw the
channel line for mare than the week period and earlier it was not able to break the up
level as well as lower level. However in last trading session it has break the lower level of
channel line which was the strong support for the Nifty50 around 7550. Now we are
expecting that if the Nifty is not able to sustain the 7500 level we may witness the Bear
trend of Nifty on the other hand if Nifty rebound the 7550-7600 level again we may see
the positive rally in the index. The Strong Support for Nifty 50 is 7520-7460 and the
Resistance is 7600-7680.

5. PATTERN FORMATION ( BANK NIFTY )
Details of Chart-
On the Above given chart of the Bank Nifty has applied the MACD along with Fibonacci
retracement these are the trend identifying pattern and made the Support and Resistance
level in the Bank Nifty daily chart that made on the above given chart we have draw the
channel line for mare than the week period and earlier it was not able to break the up
level as well as lower level. However in last trading session it has break the lower level of
channel line which was the strong support for the Bank Nifty around 15650. Now we are
expecting that if the Bank Nifty is not able to sustain the 15500 level we may witness the
Bear trend of Bank Nifty also on the other hand if Bank Nifty is able to break the Up side
the level of 15680-15720 level again we may see the positive rally in the index. The
Strong Support for Bank Nifty 50 is 14960-14450 and the Resistance is 15640-15730

6. NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1470 1456 1433 1419 1396
ALBK EQ 55 54 54 53 52
AMBUJACEM EQ 235 231 227 223 219
ASIAN PAINT EQ 866 859 854 847 842
AXISBANK EQ 430 425 423 418 415
BAJAJ-AUTO EQ 2433 2409 2379 2355 2325
BANKBARODA EQ 145 144 143 141 140
BANKINDIA EQ 93 92 91 90 88
BHEL EQ 127 125 121 119 115
BHARTIARTL EQ 342 338 332 328 322
CIPLA EQ 512 508 506 502 500
COALINDIA EQ 285 283 280 278 275
DLF EQ 121 120 116 115 111
DRREDDY EQ 3112 3076 3053 3017 2994
GAIL EQ 356 351 344 339 332
GRASIM EQ 4069 4029 3952 3912 3835
HCLTECH EQ 841 838 831 828 821
HDFC EQ 1090 1084 1076 1070 1062
HDFCBANK EQ 1067 1063 1058 1054 1049
HEROMOTOCO EQ 3009 2967 2924 2882 2839
HINDALCO EQ 90 89 87 86 84
HINDUNILVR EQ 871 860 853 842 835
ICICIBANK EQ 225 223 221 219 217
ITC EQ 324 322 321 319 318
INDUSIND BANK EQ 950 944 939 933 928
INFY EQ 1184 1175 1169 1160 1154
JINDALSTEL EQ 72 69 64 61 56
KOTAKBANK EQ 676 670 664 658 652
LT EQ 1206 1200 1190 1184 1174
M&M EQ 1257 1246 1227 1216 1197
MRF EQ 36377 35888 35601 35112 34825
MARUTI EQ 3499 3468 3443 3412 3387
ONGC EQ 211 208 207 204 203
ORIENTBANK EQ 88 87 86 85 84
RCOM EQ 52 51 50 49 47
RELCAPITAL EQ 383 378 371 366 359
RELIANCE EQ 1063 1050 1040 1027 1017
RELINFRA EQ 554 547 540 533 526
RPOWER EQ 51 50 49 48 47
SBIN EQ 185 184 182 181 179
SSLT( VEDL) EQ 90 89 86 85 82
SUNPHARMA EQ 822 817 812 807 802
TATAMOTORS EQ 384 377 374 367 364
TATAPOWER EQ 68 67 65 64 63
TATASTEEL EQ 327 324 322 319 317
UNIONBANK EQ 128 126 125 123 122

7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS( AS PER ECHNICAL ANALYSIS PRIDICTION )
NSE FUTURE
NSE CASH :COX&KINGS MADE WEEKLY HIGH OF 194 AND LOW OF 172.55. LONG
POSITION CAN BE MADE IN IT ABOVE 181 FOR TGT OF 195 AND SL OF 176.
NSE CASH :MARKSANS MADE WEEKLY HIGH OF 49.20 ANL LOW OF 45.20.LONG
POSITION CAN BE MADE ABOVE 49.50 FOR TGT OF 54 AND SL OF 47.70.
NSE CASH :JETAIRWAYS MADE HIGH OF 632.95 AND LOW OF 573.25.LONG POSITION
CAN BE MADE ABOVE 633 FOR TGT OF 690 AND SL OF 612.
NSE CASH :NCC MADE HIGH OF 77 AND LOW OF 72.10. LONG POSITION CAN BE
MADE IN IT ABOVE 73.50 FOR TGT OF 79.50 AND SL OF 71.30
NSE CASH :IFCI MADE HIGH OF 25.20 AND LOW OF 23.55. LONG POSITION CAN BE
MADE IN IT ABOVE 24.10 FOR TGT OF 26.10 AND SL OF 23.25.
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 ADANI PORTS LTD. 247 219
-11.49 %
2 MARUTI SUZUKI 3716 3440
-8.62 %
1 M
A
R
U
T
I
S
U
Z
U
K
I
3
7
1
6
3
4
4
0
-
8
.
6
2
%
2 M
A
R
U
T
I
S
U
Z
U
K
I
3
7
1
6
3
4
4
0
-
8
.
6
2
%
3
A
R
U
T
I
S
U
Z
U
K
I
3
7
1
6
3
4
4
0
-
8
.
6
2
%
4
A
R
U
T
I
S
U
Z
U
K
I
3
7
1
6
3
4
4
0
-
8
.
6
2
%
5
A
R
U
T
I
S
U
Z
U
K
I
3
7
1
6
3
4
4
0
3 ICICI BANK 236 221
-6.51 %
4 SBI 194 183
-5.74 %
S
B
I
1
9
4
1
8
3
-
5
.
7
4
%
S
B
I
1
9
4
1
8
3
-
5
.
7
4
%
S
B
I
1
9
4
1
8
3
-
5
.
7
4
%
S
B
I
1
9
4
1
8
3
-
5
.
7
4
%
S
B
I
1
9
4
1
8
35 AXIS BANK LTD. 444 421
-5.08 %
6 BHARTI AIRTEL 350 334
-4.62 %
B
H
A
R
T
I
A
I
R
T
E
L
3
5
0
3
3
4
-
4
.
6
2
%
B
H
A
R
T
I
A
I
R
T
E
L
3
5
0
3
3
4
-
4
.
6
2
%
B
H
A
R
T
I
A
I
R
T
E
L
3
5
0
3
3
4
-
4
.
6
2
%
B
H
A
R
T
I
A
I
R
T
E
L
3
5
0
3
3
4
-
4
.
6
2
%
B
H
A
R
T
I
A
I
R
T
E
L
3
5
0
3
3
47 INFOSYS 1218 1165
-4.31 %
8 COAL INDIA LTD. 291 279
-4.23 %
C
O
A
L
I
N
D
I
A
L
T
D
.
2
9
1
2
7
9
-
4
.
2
3
%
C
O
A
L
I
N
D
I
A
L
T
D
.
2
9
1
2
7
9
-
4
.
2
3
%
C
O
A
L
I
N
D
I
A
L
T
D
.
2
9
1
2
7
9
-
4
.
2
3
%
C
O
A
L
I
N
D
I
A
L
T
D
.
2
9
1
2
7
9
-
4
.
2
3
%
C
O
A
L
I
N
D
I
A
L
T
D
.
2
9
1
2
7
99 TECH MAHINDRA 474 455
-4.02 %
10 TATA MOTORS LTD 386 371
-3.92 %
T
A
T
A
M
O
T
O
R
S
L
T
D
3
8
6
3
7
1
-
3
.
9
2
%
T
A
T
A
M
O
T
O
R
S
L
T
D
3
8
6
3
7
1
-
3
.
9
2
%
T
A
T
A
M
O
T
O
R
S
L
T
D
3
8
6
3
7
1
-
3
.
9
2
%
T
A
T
A
M
O
T
O
R
S
L
T
D
3
8
6
3
7
1
-
3
.
9
2
%
T
A
T
A
M
O
T
O
R
S
L
T
D
3
8
6
3
7
111 ONGC 214 206
-3.71 %
12 TCS 2520 2432
-3.50 %
T
C
S
2
5
2
0
2
4
3
2
-
3
.
5
0
%
T
C
S
2
5
2
0
2
4
3
2
-
3
.
5
0
%
T
C
S
2
5
2
0
2
4
3
2
-
3
.
5
0
%
T
C
S
2
5
2
0
2
4
3
2
-
3
.
5
0
%
T
C
S
2
5
2
0
2
4
3
2
13 BHARTI INFRATEL 381 369
-3.25 %
14 INDUSIND BANK 967 937
-3.16 %
I
N
D
U
S
I
N
D
B
A
N
K
9
6
7
9
3
7
-
3
.
1
6
%
I
N
D
U
S
I
N
D
B
A
N
K
9
6
7
9
3
7
-
3
.
1
6
%
I
N
D
U
S
I
N
D
B
A
N
K
9
6
7
9
3
7
-
3
.
1
6
%
I
N
D
U
S
I
N
D
B
A
N
K
9
6
7
9
3
7
-
3
.
1
6
%
I
N
D
U
S
I
N
D
B
A
N
K
9
6
7
9
3
7
15 BANK OF BARODA 147 143 -2.65 %
SR.NO SCRIPT NAME PREV
CLOSE
CMP % CHANGE
1
JET AIRWAYS 547 614 +12.36 %
2 CENTURY TEXTILE 529 575 +8.71 % C
E
N
T
U
R
Y
T
E
X
T
I
L
E
5
2
9
5
7
5
+
8
.
7
1
%
C
E
N
T
U
R
Y
T
E
X
T
I
L
E
5
2
9
5
7
5
+
8
.
7
1
%
C
E
N
T
U
R
Y
T
E
X
T
I
L
E
5
2
9
5
7
5
+
8
.
7
1
%
C
E
N
T
U
R
Y
T
E
X
T
I
L
E
5
2
9
5
7
5
+
8
.
7
1
%
C
E
N
T
U
R
Y
T
E
X
T
I
L
E
5
2
9
5
7
5
3
BHEL 113 122 +7.86 %
4 ACC 1381 1441 +4.34 % 1. A
C
C
1
3
8
1
1
4
4
1
+
4
.
3
4
%
2. A
C
C
1
3
8
1
1
4
4
1
+
4
.
3
4
%
3. A
C
C
1
3
8
1
1
4
4
1
+
4
.
3
4
%
4. A
C
C
1
3
8
1
1
4
4
1
+
4
.
3
4
%
5. A
C
C
1
3
8
1
1
4
4
15
LUPIN LIMITED 1479 1540 +4.11 %
6 HCL TECH 814 833 +2.33 % H
C
L
T
E
C
H
8
1
4
8
3
3
+
2
.
3
3
%
H
C
L
T
E
C
H
8
1
4
8
3
3
+
2
.
3
3
%
H
C
L
T
E
C
H
8
1
4
8
3
3
+
2
.
3
3
%
H
C
L
T
E
C
H
8
1
4
8
3
3
+
2
.
3
3
%
H
C
L
T
E
C
H
8
1
4
8
3
3
7
NTPC 128 131 +2.10 %
8 TATA POWER CO. 64.65 65.80 +1.78 % T
A
T
A
P
O
W
E
R
C
O
.
6
4
.
6
5
6
5
.
8
0
+
1
.
7
8
%
T
A
T
A
P
O
W
E
R
C
O
.
6
4
.
6
5
6
5
.
8
0
+
1
.
7
8
%
T
A
T
A
P
O
W
E
R
C
O
.
6
4
.
6
5
6
5
.
8
0
+
1
.
7
8
%
T
A
T
A
P
O
W
E
R
C
O
.
6
4
.
6
5
6
5
.
8
0
+
1
.
7
8
%
T
A
T
A
P
O
W
E
R
C
O
.
6
4
.
6
5
6
5
.
8
0
9
M&M 1210 1232 +1.78 %
10 AUROBINDO PHAR. 744 758 +1.77 % A
U
R
O
B
I
N
D
O
P
H
A
R
.
7
4
4
7
5
8
+
1
.
7
7
%
A
U
R
O
B
I
N
D
O
P
H
A
R
.
7
4
4
7
5
8
+
1
.
7
7
%
A
U
R
O
B
I
N
D
O
P
H
A
R
.
7
4
4
7
5
8
+
1
.
7
7
%
A
U
R
O
B
I
N
D
O
P
H
A
R
.
7
4
4
7
5
8
+
1
.
7
7
%
A
U
R
O
B
I
N
D
O
P
H
A
R
.
7
4
4
7
5
8
11
POWER GRID CORP 139.10 140.90 +1.29 %
12 TATA STEEL 319.70 322.10 0.75 % T
A
T
A
S
T
E
E
L
3
1
9
.
7
0
3
2
2
.
1
0
0
.
7
5
%
T
A
T
A
S
T
E
E
L
3
1
9
.
7
0
3
2
2
.
1
0
0
.
7
5
%
T
A
T
A
S
T
E
E
L
3
1
9
.
7
0
3
2
2
.
1
0
0
.
7
5
%
T
A
T
A
S
T
E
E
L
3
1
9
.
7
0
3
2
2
.
1
0
0
.
7
5
%
T
A
T
A
S
T
E
E
L
3
1
9
.
7
0
3
2
2
.
1
0
13
ZEEL 386.95 389.10 0.56 %
14 DR. REDDY’S LABS 3035 3039 0.13 % D
R
.
R
E
D
D
Y
’
S
L
A
B
S
3
0
3
5
3
0
3
9
0
.
1
3
%
D
R
.
R
E
D
D
Y
’
S
L
A
B
S
3
0
3
5
3
0
3
9
0
.
1
3
%
D
R
.
R
E
D
D
Y
’
S
L
A
B
S
3
0
3
5
3
0
3
9
0
.
1
3
%
D
R
.
R
E
D
D
Y
’
S
L
A
B
S
3
0
3
5
3
0
3
9
0
.
1
3
%
D
R
.
R
E
D
D
Y
’
S
L
A
B
S
3
0
3
5
3
0
3
915
EICHER MOTORS 19180 19181 +0.01 %
AM
BUJ
A
CEM
ENT
204 232 +13.67
%
AMBUJA CEMENT
2. B
OSC
H
LTD.
18128 20371 +12.37
%
3. B
OSCH
LTD.
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
%
7. 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
India's manufacturing PMI at eight-month high in March on strong demand -
India's manufacturing growth rose to an eight-month high in March driven by strong rise
in business orders, leading firms to scale up output, while the build-up in inflationary
pressures may result in RBI hitting the pause button. The seasonally-adjusted Nikkei
India Manufacturing Purchasing Managers' Index -- a composite single-figure indicator of
manufacturing performance -- was up from 51.1 in February to an eight-month high of
52.4.
Arun Jaitley: High interest rates can lead to sluggish economy - Finance Minister
Arun Jaitley stated that it is difficult to keep GST rate between16-18% if luxury goods are
kept out of Its ambit. Capital spending of railways will increase significantly, Arun
Jaitley added. The FM added that high interest rates can lead to sluggish economy and
therefore it is important that India maintains its pace of reforms.
India can't grow on the back of FDI for long: Amitabh Kant - At a time when BJP-
led NDA government is opening up its key sectors to foreign direct investment, a top
official of its think tank NITI Aayog said that the country would not grow on the back of
FDI for a very long time. "India cannot grow on the back of FDI for very long. It will
grow on the back of domestic market and government is creating an enabling
environment to do so,"he said India should be clear that it needs to have rigorous
approach to manufacturing through exports. "Make for India is absurd. Challenge for
India is to look at right size and scale and think of global markets to drive its growth as
was done by China," Kant said. Kant was speaking at the CII session on "Global
slowdown - implications for the world's fastest growing economy.
RBI cuts interest rate to lowest since 2011, but raises reverse repo - The Reserve
Bank of India cut its policy interest rate by a quarter percentage point on Tuesday,
reducing it to a more than five-year low while dangling the prospect of another cut later
this year if inflation trends stay benign. Cut in the repo rate by 25 basis points to 6.50
percent - the lowest since January 2011. Controlling inflation is the central bank's
priority, but government would welcome any move to improve business conditions for
industrialists who, despite data depicting India as one of the world's fastest growing

9. economies, remain hesitant to invest. The RBI said its policy would remain
"accommodative", raising the prospect of another 25 bps rate cut later this year. "The
stance of monetary policy will remain accommodative. The Reserve Bank will continue
to watch macroeconomic and financial developments in the months ahead with a view to
responding with further policy action as space opens up," the central bank said in the
statement following the policy review.
Tax proposal on spectrum allocation may cost telcos Rs. 30,000 crore: COAI - The
Union Budget's proposal to levy service tax on spectrum allocation may require telecom
operators to cough up Rs. 30,000 crore in 2016-2017, COAI said. The outgo of huge
amount of sum for assignment of airwaves and licence fees is likely to put additional
financial burden on the industry. The telecom operators have unanimously asked the roll
back of the Union Budget proposal to levy service tax on spectrum allocation. COAI said
"This is a substantial financial burden on the industry, which is reeling under debt,"
pointing out that in the upcoming spectrum auction, the industry will have to spend
atleast Rs. 77,000 as service tax if the reserve price is estimated at Rs. 5.36 lakh crore.
State polls driving Rs 60,000 crore surge in cash circulation: Raghuram Rajan - RBI
Governor Raghuram Rajan today said money in people's hands has gone up by over Rs
60,000 crore which is "not normal" and needs to be looked into. "Around election time,
cash with the public does normally increase.. You can guess as to reasons why, we can
also guess," Rajan told reporters here after announcing his first bi-monthly monetary
policy review of this fiscal. However, cash in people's hands is up by more than Rs
60,000 crore at present, which is "not normal", he added.
The Finance Minister Arun Jaitley: After Recapitalization of Banks Government to
Push the Bank to Merger - The government will push for consolidation of public sector
banks once they are capitalised and strengthened, Finance Minister Arun Jaitley said on
Tuesday and promised more measures to enhance the ease of doing business in India. He
also said that he hoped for some "positive" development in the government's
disinvestment programme and a better monsoon to drive the economy forward.
India less susceptible to external shocks, credit positive: Moody’s - The Moody’s
Rating Agency Said that “We do not expect a significant renewed widening of India’s
current account deficit. Our assumption that commodity prices will remain low in 2016
and 2017 supports this view, while FDI inflows are likely to climb in response to
government measures,” it said. In a report it said that India’s external financing needs
have diminished significantly over the last three years. “These trends are credit positive,

10. as they lower India’s susceptibility to external shocks at a time when capital flows to
emerging markets are volatile, and weak economic conditions globally and in particular
in the Gulf may dampen remittances,” it added.
Government to lean on public sector banks for rate cut - The government will lean on
state-run banks that are reluctant to pass on the full effect of measures taken by Reserve
Bank of India in the form of rate cuts that are badly needed to shore up growth. After RBI
lowered the policy rate by 25 basis points and took a range of measures to enhance
liquidity, the government feels banks have little excuse not to pass on benefits to
consumers. One basis point is 0.01 percentage point. We would want the banks to reduce
rates latest by May 1. We will exert pressure on banks to do so," a top government
official told.
WTO says global trade will remain sluggish in 2016 - The World Trade Organization
has forecasted a sluggish 2.8 per cent growth in the volume of world trade in 2016,
unchanged from the level of increase registered the previous year. A status quo in world
trade does not augur well for India's export prospects, which have been declining
continuously in the past 15 months. The forecast also indicates that Commerce Minister
Nirmala Sitharaman's task to revive India's sagging export growth by focusing on making
special economic zones more business friendly, could be tough as key developed markets
is likely to remain sluggish.
✍ TOP ECONOMY NEWS
The Delhi government presented an annual budget of Rs. 466 billion for 2016-17, an
increase of Rs. 88.5 billion over last year.
Food regulator Food Safety and Standards Authority of India has restricted enforcement
activity against nutraceuticals and health supplement companies to only testing of
products till new standards are notified.
The European Investment Bank will give EUR450 million in loan to India to finance the
construction of Lucknow's first 23 km-long metro rail line and purchase a fleet of new
trains.
Making life easy for millions of importers, the Central Board of Excise and Customs has
launched a significant initiative ‘SWIFT to help reduce dwell time and improve ease of
doing business. Providing a single point interface for clearance of imported

11. consignments, The Single Window Interface for Facilitating Trade is expected to reduce
documentation and cost of clearance. More than 97% of India’s imports are expected to
get covered and benefit from the SWIFT initiative.
The government has further eased norms for the gold monetisation scheme, giving
investors the option to redeem the principal amount in medium- and long-term deposits
either in gold or in rupees.
The government has decided to reduce SUC from 5% to 3%. There is still a difference
between the charges applicable on normal operators and those using Broadband spectrum.
But TRAI has decided to address that aspect of the charges in future.
The CPI inflation, which also captures the trend in the more volatile food prices, had
showed some spike since August last year, but in February the all-India general CPI
inflation dipped to a four-month low of 5.18 per cent, snapping the rising spiral in the six
months prior to that.
The Cabinet approved policy changes to enable liberalisation of spectrum that was
assigned to telecom operators providers at an administrative price without auction.
The Union cabinet chaired by Prime Minister Narendra Modi approved a new regime for
crude oil imports that will allow oil Public Sector Undertakings to evolve their own
import policies. The new policy adopts the current market practice for crude purchase on
spot basis allowing firms to effectively compete in the market.
The Centre will launch two schemes including distribution of energy efficient, smart
agriculture pumps, aimed at saving subsidy worth Rs200bn. It will also launch a scheme
to provide energy efficient fans that aim to save Rs700 a year on consumer power bills
every year.
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra
Modi, has given its approval for development of the four laning of the Hospet-Bellary-
Karnataka/Andhra Pradesh Border section of National Highway – 63 in Karnataka.
Delineating emerging growth drivers, Dr Naushad Forbes, President, CII, pegged India’s
GDP growth rate for 2016-17 at 7.75 – 8.25 per cent. “Strong macroeconomic
fundamentals, favorable business sentiments, and downward trend in interest rates are
significant positives for the economy. CII estimates that Government infrastructure

12. investments and increased investments from the private sector will boost GDP growth to
the 8 per cent range.
The shareholders of the TAPI Pipeline Company Limited signed an Investment
Agreement today in a ceremony witnessed by petroleum ministers and senior government
officials of Turkmenistan, Afghanistan, Pakistan and India, and senior Asian
Development Bank officials. It will pave the way for long-term natural gas supplies that
will give a major boost to the signatory countries economies and energy security.
Australia is ready to eliminate import duties on all items from India — about 90%
immediately and rest over the next five years — as part of the proposed free trade
agreement being negotiated, the country’s special envoy for trade Andrew Robb said. The
free trade pact — officially known as the Comprehensive Economic Cooperation
Agreement — is likely to be finalised in about 6-8 weeks, Robb said. This would
translate into import duties on more than 9,000 items out of about 11,000 exported to
Australia coming down to near zero as soon as the pact gets implemented and benefit
sectors like auto parts, textiles, leather and pharmaceuticals.
With bollworm developing resistance to Bt cotton crop, the government has decided to
promote cultivation of indigenous varieties of the crop in a big way this year. In 2015-16
crop year, there was a significant damage to cotton crop because of whitefly and pink
bollworm pest attack in states like Haryana, Punjab, Rajashtan, Gujarat and Andhra
Pradesh.
The extant regulatory framework under the Foreign Exchange Management Act, 1999
requires clients to submit documentary evidence of underlying foreign currency exposure
to Authorized Dealer Category-I banks at the time of booking of derivative contracts.
The Reserve Bank of India has come out with a report as an annual publication entitled
"State Finances: A Study of Budgets", which analyses the fiscal position of state
governments on the basis of primary disaggregated state-wise data.
The government approved a Rs. 16 billion highway project in Karnataka under its
flagship road-building programme NHDP.

13. ✍ TOP CORPORATE NEWS -
Coal India Ltd. has achieved an 8.5% growth rate in production at 536 million tonnes in
2015-16, but missed the output target of 550 MT for the just-concluded financial year.
Maruti Suzuki dispatched 5,563 units of its new compact SUV Vitara Brezza in March,
according to media reports.
Jet Airways is in the process of hiring over 50 expat pilots to fly its widebody Boeing
777 planes, with six of these aircraft, currently on lease to Abu Dhabi-based Etihad
Airways, are expected to start returning to the Indian carrier's fleet from June.
Fresh from acquiring US-based Strength of Nature LLC, homegrown FMCG major
Godrej Consumer Products Ltd. expects overseas markets to account for more than
half of its total sales. The company had announced acquisition of the haircare firm
Strength of Nature LLC last week for an undisclosed sum.
Adani Enterprises Ltd was granted approval by Australia's Queensland state
government to proceed with a proposed USD 7.7 billion project in the Galilee Basin.
Bharat Heavy Electricals Limited has commissioned its fifth 500 MW set at
Chandrapur Super Thermal Power Project in Maharashtra. With this, 9 coal-based sets
aggregating to 3,340 MW, all supplied and commissioned by BHEL, are now operational
at Chandrapur STPP of Maharashtra State Power Generation Co Ltd.
Punjab National Bank subsidiary PNB Housing Finance has raised Rs 5 billion by
issuing bonds to World Bank arm International Finance Corporation for funding its green
residential projects.
Tata Motors Ltd. is reducing the size of its diesel engines to skirt a temporary ban on the
sale of large diesel-powered cars in New Delhi as the government seeks to reduce toxic
smog in the capital city.
The Government cleared conversion of Bank of Baroda's Rs. 299.1million loanto
Andrew Yule & Co into equity shares, paving the way for disinvestment of the Kolkata-
based PSU in the next three months.

14. Yes Bank inked a tripartite agreement for on-lending USD 50 million loan from World
Bank arm IFC to women entrepreneurs.
Cipla Ltd. has set its sights on building a pipeline of speciality drugs in the United
States. The company, India's third-largest drugmaker, plans to deploy more funds for
research and development in respiratory, dermatology, neurology and oncology segments
and hopes for the first commercial launch in the US around 2020.
After creating success stories with two Bollywood channels in the APAC region, namely,
Zee Bioskop in Indonesia and Zee Nung in Thailand, Zee Entertainment Enterprises
Ltd has forayed into the Philippines with its third dedicated Bollywood movie channel.
Power major NTPC said the board has approved investment proposals worth Rs.
31billion for solar PV projects in Madhya Pradesh and Rajasthan.
Mahindra & Mahindra Ltd has launched a new platform for tractors — YUVO — at
Ramoji Film City about 45 km from Hyderabad.
Drug firm Aurobindo Pharma has received approval from the US health regulator to
market Polymyxin B for Injection, an anti-infective drug, in the American market.
The construction arm of Larsen & Toubro Limited has won orders worth Rs 21.25
billion across its various businesses.
Airtel said its high speed 4G services are now available in 40 towns in Andhra Pradesh
and Telangana.
Moody's Investors Service has affirmed Reliance Communications Limited's Ba3
corporate family rating and senior secured rating.
NMDC Ltd. has produce 28.32 million tonnes of ore and registered total sales of 28.87
m.t. during 2015-2016.
ITC Limited and Starwood Hotels & Resorts have signed an agreement to extend their
existing partnership for 11 ITC Luxury Collection hotels and 1 hotel under the Sheraton
brand. Further strengthening their partnership, the two also announced three upcoming
ITC hotels under The Luxury Collection brand in India.

15. Natco Pharma Limited has announced the completion of the sale of its Save Mart
Pharmacy store in the US to Care Mart Inc. The Hyderabad-based company had earlier
singed an agreement in this regard which provided for consideration towards goodwill
furniture and fixers and inventory etc, according to a release.
A consortium of banks led by State Bank of India rejected the proposal in the current
form offered by liquor baron Vijay Mallya and his companies to pay Rs. 40 billion by
September towards settlement of his loan before the Supreme Court, which directed him
to disclose his total assets by April 21.
State-run Bharat Heavy Electronics Limited has commissioned an all-time high power
generation capacity of over 15,000 MW and booked new orders worth Rs. 437.27 billion
in 2015-16, the largest in five years.
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
Country’s fifth largest private lender Yes Bank Ltd. has successfully raised Rs.545 crore
of Basel III compliant Tier II bonds on private placement basis. The issue was closed on
March 31, 2016.
Public sector lender UCO Bank has revised lending rates based on marginal cost of funds
with effect from April 1. For one year loan, the interest rate will be 9.55% while for two
years it is going to be 9.65%, UCO Bank said in a BSE filing.
Public sector lender Syndicate Bank said it has issued unsecured, non-convertible Basel-
III compliant bonds to raise Rs. 5 billion.
The country's largest lender, State Bank of India, has launched a virtual queuing mobile
application that will help customers save on time. "The application is a mobile-based
virtual queuing application for customers to book an instant queue ticket for select
services at select branches. Based on the services selected, the list of branches with
addresses providing those services within a configured radius of 15 kms will be populated
in the application," it said.
The Government today cleared conversion of Bank of Baroda's Rs. 29.91 crore loan to
Andrew Yule & Co into equity shares, paving the way for disinvestment of the Kolkata-
based PSU in the next three months.

16. Reserve Bank Governor Raghuram Rajan today said there is a need to make country's
banking system more vibrant and to strengthen the markets. "We need to do a lot of
things to make our banking sector more vibrant," Rajan said.
The Government is considering forming a three-member committee to approve the bad
loan settlement plan of Public sector banks, thus providing the management comfort that
their action will not be questioned by vigilance agencies later.

17. 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.

18. 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.

19. 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.