Wipro Ltd has been ranked in the leadership zone for telecom R&D services by Zinnov for the fourth consecutive year, with technical indicators suggesting potential upward movement in the stock. Info Edge (India) Ltd has invested Rs 150 million in Canvera Digital Technologies, increasing its shareholding to 49%. The Indian equity market is expected to open flat amid mixed global stock performances and declining dollar values.

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Global View
India Update
Today’s Event/ Stock in News
Country’s third largest software exporter Wipro Ltd on Thursday said it has been ranked in the leadership zone in Telecom R&D services for the
fourth consecutive year in an annual survey conducted by Zinnov Management Consulting Pvt Ltd, a leading globalization and market expansion
advisory firm. “Wipro ranked in the leadership zone in telecom R&D services by Zinnov,” Wipro said in a filing to the Bombay Stock Exchange on
December 24, 2015. The Global Service Providers’ Rating was carried out across 13 verticals. The final rating was based on a comprehensive
capabilityanalysisbasedonparameterssuchasdepthofofferings,IPs,solutions,talentpoolandclientbase.
Technical Outlook : On daily chart, stock has been trading in a broadening rising wedge pattern where recently stock has taken support at
lower band of wedge pattern, which indicates that upside movement can be seen in coming trading session. Moreover, stock has formed
spinning top candlestick near the strong support which is a bullish reversal sign. A momentum indicator RSI reading is at 42 level with
positivecrossover,whichpointoutfor positivebreathinthestock.sofor tradingperspective,one couldBuyintherange of554-557 forthe
Targetof568withtheSLof548.
WIPRO
NAUKRI
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Morning Tea
28th Dec 2015
Buy in the range of 834-837 for the Target of 854 with the SL of 825
Buy in the range of 554-557 for the Target of 568 with the SL of 548
Country’s one of the leading online classifieds company Info Edge (India) Ltd on Thursday said it has invested Rs 150 million in Canvera Digital
Technologies Pvt Ltd (Canvera), through its wholly-owned subsidiary. In a filing to the Bombay Stock Exchange, Info Edge (India) Ltd said, “The
company has, through its wholly-owned subsidiary, invested an amount of Rs 150 million in Canvera Digital Technologies Pvt Ltd (Canvera).”
Accordingly, the total investment by the company, including that through its subsidiary, is Rs 901 million which would translate, as on date, in to a
49 per cent shareholding in Canvera on a fully converted & diluted basis, it added. The company further said that this investment was made at a
pre-moneyvaluationofCanveraataboutRs750million.
Technical Outlook : On daily chart, stock has managed to close above its 21 Day Moving Average (which is placed at 834 level), which shows that
near term trend is up. Moreover, stock has formed Bullish Engulfing candlestick near the strong support of 50 Day Moving Average which is a
bullish reversal indication. A momentum indicator RSI reading is at 52 level and about to make positive crossover, which point out for positive the
breathinthestock.sofortradingperspective,onecouldBuyintherangeof834-837 fortheTargetof854withtheSLof825.
U.S. stocks were mixed on Thursday as the Dow Jones Industrial Average halted a 3-day winning streak, retreating from a
considerable Santa Claus Rally from the previous session on the eve of the Christmas holiday. Energy and retail stocks remained in
focus, as U.S. crude futures continued their bounce off multi-year lows and frenzied shoppers crowded malls nationwide for last-
minute gifts. Asian stocks were steady in quiet trade on Monday, drawing heart after a rebound in crude oil that took prices away
frommulti-yearlows.
The Indian equity market is likely to open on a flat, albeit negative note today, with the SGX Nifty trading at 7887.50, down 3 points
at 7:45. In global markets Asia opened up mixed with the Nikkei trading steady despite some disappointing data. Japan's factory
output for the previous month fell 1 percent month-on-month, compared to market expectation of a 0.6 percent drop. The dollar
declinedagainsta basketofcurrencies, putting itontrack foritssteepestmonthlylosssinceApril,astraders resumedbookingprofits
ontheirbullishbets.

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Bulk Deal
Corporate Action / Result Calendar
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Morning Tea
Corporate Action:
Result Calendar:
28th Dec 2015
Security in Ban
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Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 24/12/2015 534060 PMCFIN SEABIRD DISTRIBUTORS PRIVATE LIMITED S 10355117 0.55
2 24/12/2015 534060 PMCFIN PARESH RAMJIBHAI CHAUHAN S 7326493 0.57
3 24/12/2015 534060 PMCFIN PARESH RAMJIBHAI CHAUHAN B 7326493 0.56
4 24/12/2015 534060 PMCFIN VIBRANT SECURITIES PRIVATE LIMITED S 4040586 0.57
5 24/12/2015 534060 PMCFIN ROLEX VINIMAY PRIVATE LIMITED S 4024395 0.56
6 24/12/2015 534060 PMCFIN SEABIRD VINCON PRIVATE LIMITED S 4000000 0.56
7 24/12/2015 534060 PMCFIN VIBRANT SECURITIES PRIVATE LIMITED B 3910007 0.57
8 24/12/2015 530011 MANGCHEFER RELIANCE CAPITAL LTD B 3885000 41.50
9 24/12/2015 530011 MANGCHEFER PAYONE ENTERPRISES PRIVATE LIMITED S 3443422 41.50
10 24/12/2015 534060 PMCFIN EMBASSY SALES PRIVATE LIMITED S 3400000 0.56
DLF, INDIACEM, JINDALSTEL, JISLJALEQS, JPASSOCIATE, KSCL, UNITECH & WOCKPHARMA

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Research Team
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Amit Pathania Research Associate
Vikas Chaudhari Research Associate
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Satish Kumar Research Associate
Morning Tea
28th Dec 2015
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