Morning Tea 09/03/2015

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Global View
India Update
Today’s Event/ Stock in News
Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Info Edge (India) to 50% of its paid-up capital. RBI
has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 50% (revised from earlier limit of 40%) of the paid up
capital of Info Edge (India) under the Portfolio investment Scheme (PIS). The company has passed resolutions at its Board of Directors' level and a
special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by
FIIs/RFPIs. Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online
recruitment,matrimonial,realestateandeducationclassifiedsandrelatedservicesinIndia.
Technical Outlook : The stock has been trading in ascending triangle formation since last one year and recently it has taken support of lower
band of triangle formation at 718 levels on daily chart. Moreover, stock has witnessed healthy volume activity in recent days which shows
gradually upward momentum is building up. The momentum indicator RSI have been trading in oversold zone territory which suggesting the
strong possibilities of bounce back in the prices. So for trading prospective, one could Buy in the range of 752-757 for the target of 765-773
levels.
TheCabinetonWednesdayapprovedauctionof69smallandmarginaloilfieldsofstate-ownedONGCandOilIndiatoprivateandforeignfirmsasa
precursor to a full-fledged licensing round. The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, on
Wednesday approved auctioning of the fields that state-owned firms are surrendering because they were uneconomical to develop due to
government's subsidy sharing mechanism. Sources said that in case ONGC and OIL also decide to bid and end up winning the fieldsin the auction,
they will not have to pay fuel subsidy on them. Of the 165 small and marginal fields, with total ultimate reserves of 340 million tonnes, operations
aregoingonin139andworkisyettostarton26.
Technical Outlook: On daily time frame, stock has been trading with the support of 50 DMA (which stands at 446.70 level) which shows short
to long term trend is up. Moreover, stock has been trading with healthy volume since last couple of days which shows buying activity.
Momentum indicators RSI reading is at 52.40 level with positive crossover which point out for positive breath in the stock. So for trading
prospective,onecouldBuyintherangeof452-455 forthetargetof460-465 levels.
NAUKRI
OIL INDIA
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
03rd Sept 2015
Buy in the range of 452-455 with of SL 447 for the Target of 460-465
Buy in the range of 752-757 with of SL 744 for the Target of 765-773
Wall Street stocks jumped almost 2 percent on Wednesday in the latest volatile session as investors weighed the impact of a stumbling
Chinese economy and global market turmoil on the Federal Reserve's impending decision about when to raise interest rates. US investors
haveweatheredover twoweeksof unusuallywide-swingingtrade thathasleftthe S&P500withitsworstmonthlydropinthreeyearsand
a loss of 8.5 percent from an all-time high in May. The combination of more demand for workers and worries about Chinese economic
growth underscores the challenge faced by the Fed at a Sept 16-17 meeting where it may decide to raise interest rates for the first time
since 2006. The Dow Jones industrial average jumped 1.82 percent to end at 16,351.31 points. The S&P 500 climbed 1.83 percent to
1,948.85andtheNasdaqCompositesurged2.46percentto4,749.98.
Asian markets are positive on astrong positive US handover. Japan's benchmarkNikkei 225 index up by 1.40% to 18352.98, South Korea's
Kospi index edged marginally up by 0.25% to 1919.97 levels. Back to home, global markets are likely to give some strength to Nifty today
andisexpectedtoopeninthegreentodaywiththeSGXNifty,anindicatorofthemarketopening,tradingat7761.50,up21.50points.

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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
03rd Sept 2015
Security in Ban
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Corporate Action:
Bayer Cropscience Limited; Annual General Meeting/ Dividend - Rs 17/- Per Share.
Grasim Industries Limited; Annual General Meeting / Dividend Rs 18/- Per Share.
NTPC Limited; Annual General Meeting/ Dividend - Rs 1.75/- Per Share.
Oracle Financial Services Software Limited; Annual General Meeting/ Dividend - Rs 180/- Per Share.
Ramkrishna Forgings Limited; Annual General Meeting/ Dividend - Rs 2/- Per Share.
Electrosteel Castings Limited; Annual General Meeting/ Dividend - Re 0.65/- Per Share.
Talwalkars Better Value Fitness Limited; Annual General Meeting/ Dividend - Rs 1.50/- Per Share.
Balmer Lawrie & Company Limited; Annual General Meeting/ Dividend - Rs 18/- Per Share.
Sadbhav Engineering Limited; Annual General Meeting/ Dividend - Re 0.70/- Per Share.
Escorts Limited; Annual General Meeting/ Dividend - Rs 1.20/- Per Share.
Excel Industries Limited; Dividend - Rs 4/- Per Share.
Repco Home Finance Limited; Dividend-Rs 1.50/- Per Share.
Sr.No Deal Date Security Code Security Name Client Name Deal Type Quantity Price
1 2/9/2015 538295 KAUSAMBI FIROZ HANIFBHAI MEMON S 614,288 9.37
2 2/9/2015 538295 KAUSAMBI FIROZ HANIFBHAI MEMON B 612,793 9.50
3 2/9/2015 538295 KAUSAMBI PARESH RAMJIBHAI CHAUHAN B 242,350 9.49
4 2/9/2015 538295 KAUSAMBI PARESH RAMJIBHAI CHAUHAN S 237,350 9.51
5 2/9/2015 536737 ACFSL ARUNABEN DINESH THAKKAR S 187,200 30.05
6 2/9/2015 536737 ACFSL RATHOD MANOJ CHHAGANLAL HUF B 187,200 30.05
7 2/9/2015 535657 OONE KIRTIKUMAR DHIRAJLAL MAGIA B 125,000 7.99
8 2/9/2015 535657 OONE PRAGNESH HIMMATLAL YAGNIK S 116,510 7.96
9 42044 535657 OONE DEEPAK POPATLAL VORA S 100,000 7.99
10 2/9/2015 535657 OONE DEEPAK POPATLAL VORA B 100,000 7.93

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Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Chandrakant Maske Research Associate
Ritesh Patel Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
03rd Sept 2015
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website