The document provides a technical analysis and market summary for the week. It summarizes movements in the Nifty 50 and Bank Nifty indices. The Nifty closed lower last week due to profit taking by FIIs. Bank Nifty also fell over the week due to an RBI directive requiring higher loan loss provisions. The technical outlook suggests the Nifty needs to sustain above 9520 for further upside, while Bank Nifty faces resistance around 23350-23700 and support at 23130-22978. Top gainers were led by Tata Steel, while top losers included SBI and Asian Paints.
NIFTY FIFTY : - Indian shares hit new record highs in last week trading sessions, on hopes of good southwest monsoon rain, robust monthly sales figures from automakers and positive global cues
NIFTY FIFTY : - The Indian Benchmark Index, Nifty fell 2.12% for the week ended 11 Nov 2016. Volatility was the order of the week with the panic gap down low of 8076 being made on Wednesday on 9th Nov. Morning as it suffered from the double whammy
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
The Market has opened Positive on Monday with Equity benchmark Nifty 50 was up 16 points or 0.18 percent at 8654 or above its crucial level 8650. The crucial Constitutional Amendments Goods and Services bill has passed by the Rajya
NIFTY FIFTY : - Last week the Indian Benchmark Index Nifty made a new record high of 9982 on the last trading day and closed at 9966. The Domestic Institutional Investors continued buying as the
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
NIFTY FIFTY : - Last Week, The Nifty index opened at 9588 and closed at 9666 after making high of 9700. Top performing sectors for last week was FMCG-Food, Metals & Mining and Infra- Construction Engineering and Material
and Realty. Last Day, The Indian Benchmark Index Nifty made record high of 9782 and closed at 9771. Infra Power,
NIFTY FIFTY : - Indian shares hit new record highs in last week trading sessions, on hopes of good southwest monsoon rain, robust monthly sales figures from automakers and positive global cues
NIFTY FIFTY : - The Indian Benchmark Index, Nifty fell 2.12% for the week ended 11 Nov 2016. Volatility was the order of the week with the panic gap down low of 8076 being made on Wednesday on 9th Nov. Morning as it suffered from the double whammy
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
The Market has opened Positive on Monday with Equity benchmark Nifty 50 was up 16 points or 0.18 percent at 8654 or above its crucial level 8650. The crucial Constitutional Amendments Goods and Services bill has passed by the Rajya
NIFTY FIFTY : - Last week the Indian Benchmark Index Nifty made a new record high of 9982 on the last trading day and closed at 9966. The Domestic Institutional Investors continued buying as the
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
NIFTY FIFTY : - Last Week, The Nifty index opened at 9588 and closed at 9666 after making high of 9700. Top performing sectors for last week was FMCG-Food, Metals & Mining and Infra- Construction Engineering and Material
and Realty. Last Day, The Indian Benchmark Index Nifty made record high of 9782 and closed at 9771. Infra Power,
A nervous Dalal Street dreads a selloff by FIIs on BJP's Bihar defeat - Bharatiya Janata Party (BJP)'s disappointing show in the Bihar elections may not go down well with investors in the near future.
CNX NIFTY - The Nifty Future is open on Monday 7732.95 The market took a sharp beating in post lunch trade triggered by sell-off in option futures. Traded between 7700-7800. On Wednesday Nifty tumbled below 7750 as fears of further downtrend seized trader.
NIFTY FIFTY : - The Indian market ended the week on a soft Note, As Market were taken off on the News of the US FOMC meeting or ahead of US elections on 8 Nov. The Indian Equity
benchmark Nifty opened in Positive Note on Monday up by 28 points or 0.32 per cent at 8653.
NIFTY FIFTY : - In the last two days of trading session of last week, FII’s have build short positions for 108617 contract in Options segment. In cash segment both FII’s and DII’s remain net seller for 102 crore in last
two trading sessions. Indian benchmark Index Nifty 50 erased early gains to end flat on Friday as Political
NIFTY FIFTY : - On last trading session of previous week, Nifty 50 opened at 9375, made an all-time high of 9377 and closed at 9285 after taking support of its weekly low of 9270. Profit booking has been observed at higher levels since the US Jobs report and French Elections result were due.
NIFTY FIFTY : - Last week, the Indian Benchmark Index Nifty made new record high of 9451, the index opened at 9311 and made low of 9298 and finally closed at 9401. On Monday Trading Session 50 shares index Nifty opened on a Strong note Up by 33 points or 0.35 per cent at 9433 & traded in a positive strong note in
NIFTY FIFTY : - Indian Equity Benchmark Index Nifty 50 opened at 9159 on Friday Trading session. Nifty made a high of 9192 and closed at 9174, which was also its last day close. The Nifty
has started in a strong note on Monday trading session
NIFTY FIFTY : - Indian Markets witnessed magnificent rally on Friday on the back of rate cut hopes from RBI's Monetary Policy review due in December. Index Nifty saw a sharp upside rally of 132 points
from a low of 8006 to make a high of 8138 and finally closed at 8118. The Nifty open in a Negative note
NIFTY FIFTY : - The benchmark Index Nifty closed at 8794 after making low of 8771 and a high of 8822 on Last Friday trading session. Nifty traded in a small range of 50 points throughout the day. The equity
benchmark Nifty opened in a positive note on Monday up by 26 points or 0.29 per cent at 8819. Indian
NIFTY FIFTY : -Nifty gave euphoric buying of 3.94% from its low of 7896 in last 4 days of trading session for the year 2016. Indian benchmark index Nifty is opened unchanged at 8175 and with major global markets
closed for the day. The Equity benchmark Nifty opened in a Positive note on Monday up by 25 points or 0.30
The Market has kick started the week on a strong note supported by Index heavyweight.
The Nifty is up 50 points or 0.7 per cent at 7784. Asian stocks open mixed, as oil prices rallied on supply
outages in Canada.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
NIFTY FIFTY : - Indian Benchmark Index Nifty on Friday closed at 8898 after making low of 8860, the index made a high of 8907 after opening at 8884. From last 2 week Nifty Index fell almost 1.05% from high of 8993.
NIFTY FIFTY : - NIFTY - Last Trading session of previous week Nifty 50 fell by 0.52%, the index opened at 9226 made high of 9246 and closed at 9151 after making low of 9145. As Government released Industrial
production data for the month of Feb at - 1.20% where expectation was 1.3% and January IIP Numbers were at
NIFTY FIFTY : - Last week Nifty made a new record high of 9367 the Index made a low of 9130 and closed at 9304. On Monday Benchmark index opened in a positive note up by 35 points or 0.37
per cent at 9339. most of the future listed stocks declared their Quarterly results better than
NIFTY FIFTY : - The Indian Benchmark Index Nifty closed in green after consecutive 4 days of negative close In last week. The Index moved up by 74 points and closed at 9852. Nifty opened at 9803 and made a low
of 9787. Metals & Minnig remained the top performing sector. Indian Benchmark Index Nifty gave a lackluster
Benchmark Index Nifty completed its weekly target of 8288 and made high of 8307. Nifty showed profit booking on last day of the week and was down by 0.36% on last Friday. On Friday, Nifty Spot
opened at 8283 and made a high of 8306, achieving its target of 8288. Nifty then corrected for the day to make a
NIFTY FIFTY : - Indian Benchmark Index Nifty had a negative last week which was the result of a combination of local and Global factors. The local being, currency notes reforms initiated by the
government which is bringing in temporary pain to the economy and thereby affecting sentiments.
Nifty futures/Bank Nifty futures market closed on 8465 / 18770 . According to technical analysis if Nifty futures
and Bank Nifty future moves up-word in tomorrow treading session then 8512 will be small resistance for Nifty
futures and at the same time 18856 will be small Resistance for Bank Nifty futures, if it break this level then then
Nifty futures can touch 8724 level and Bank Nifty futures can touch 19297 level in next few days.
NIFTY FIFTY : - The Equity benchmark Nifty 50 open in a Positive note on Monday up by 100 points or 1.17 per cent at 8533. Last week Indian benchmark Index Nifty fell 2.10
Percent. The Index opened at 8639 and closed at 8458 after making a low of 8425.
NIFTY FIFTY : - Equity benchmark Index Nifty traded in a very narrow range last week by making a high of 9654 and low of 9561, but Indian shares showed good strength. Among the sectors,
Financial Services and Auto were in top. Small Cap has given an upside movement of around 1% last
NIFTY FIFTY : - Last week market remain highly volatile, the benchmark Index Nifty opened at 9756 and made low of 9752. The Nifty Index rallied 200 points to make a high of 9948, however could not able to
sustain the momentum and closed at 9837. This week market remained highly volatile, the benchmark Index
A nervous Dalal Street dreads a selloff by FIIs on BJP's Bihar defeat - Bharatiya Janata Party (BJP)'s disappointing show in the Bihar elections may not go down well with investors in the near future.
CNX NIFTY - The Nifty Future is open on Monday 7732.95 The market took a sharp beating in post lunch trade triggered by sell-off in option futures. Traded between 7700-7800. On Wednesday Nifty tumbled below 7750 as fears of further downtrend seized trader.
NIFTY FIFTY : - The Indian market ended the week on a soft Note, As Market were taken off on the News of the US FOMC meeting or ahead of US elections on 8 Nov. The Indian Equity
benchmark Nifty opened in Positive Note on Monday up by 28 points or 0.32 per cent at 8653.
NIFTY FIFTY : - In the last two days of trading session of last week, FII’s have build short positions for 108617 contract in Options segment. In cash segment both FII’s and DII’s remain net seller for 102 crore in last
two trading sessions. Indian benchmark Index Nifty 50 erased early gains to end flat on Friday as Political
NIFTY FIFTY : - On last trading session of previous week, Nifty 50 opened at 9375, made an all-time high of 9377 and closed at 9285 after taking support of its weekly low of 9270. Profit booking has been observed at higher levels since the US Jobs report and French Elections result were due.
NIFTY FIFTY : - Last week, the Indian Benchmark Index Nifty made new record high of 9451, the index opened at 9311 and made low of 9298 and finally closed at 9401. On Monday Trading Session 50 shares index Nifty opened on a Strong note Up by 33 points or 0.35 per cent at 9433 & traded in a positive strong note in
NIFTY FIFTY : - Indian Equity Benchmark Index Nifty 50 opened at 9159 on Friday Trading session. Nifty made a high of 9192 and closed at 9174, which was also its last day close. The Nifty
has started in a strong note on Monday trading session
NIFTY FIFTY : - Indian Markets witnessed magnificent rally on Friday on the back of rate cut hopes from RBI's Monetary Policy review due in December. Index Nifty saw a sharp upside rally of 132 points
from a low of 8006 to make a high of 8138 and finally closed at 8118. The Nifty open in a Negative note
NIFTY FIFTY : - The benchmark Index Nifty closed at 8794 after making low of 8771 and a high of 8822 on Last Friday trading session. Nifty traded in a small range of 50 points throughout the day. The equity
benchmark Nifty opened in a positive note on Monday up by 26 points or 0.29 per cent at 8819. Indian
NIFTY FIFTY : -Nifty gave euphoric buying of 3.94% from its low of 7896 in last 4 days of trading session for the year 2016. Indian benchmark index Nifty is opened unchanged at 8175 and with major global markets
closed for the day. The Equity benchmark Nifty opened in a Positive note on Monday up by 25 points or 0.30
The Market has kick started the week on a strong note supported by Index heavyweight.
The Nifty is up 50 points or 0.7 per cent at 7784. Asian stocks open mixed, as oil prices rallied on supply
outages in Canada.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
NIFTY FIFTY : - Indian Benchmark Index Nifty on Friday closed at 8898 after making low of 8860, the index made a high of 8907 after opening at 8884. From last 2 week Nifty Index fell almost 1.05% from high of 8993.
NIFTY FIFTY : - NIFTY - Last Trading session of previous week Nifty 50 fell by 0.52%, the index opened at 9226 made high of 9246 and closed at 9151 after making low of 9145. As Government released Industrial
production data for the month of Feb at - 1.20% where expectation was 1.3% and January IIP Numbers were at
NIFTY FIFTY : - Last week Nifty made a new record high of 9367 the Index made a low of 9130 and closed at 9304. On Monday Benchmark index opened in a positive note up by 35 points or 0.37
per cent at 9339. most of the future listed stocks declared their Quarterly results better than
NIFTY FIFTY : - The Indian Benchmark Index Nifty closed in green after consecutive 4 days of negative close In last week. The Index moved up by 74 points and closed at 9852. Nifty opened at 9803 and made a low
of 9787. Metals & Minnig remained the top performing sector. Indian Benchmark Index Nifty gave a lackluster
Benchmark Index Nifty completed its weekly target of 8288 and made high of 8307. Nifty showed profit booking on last day of the week and was down by 0.36% on last Friday. On Friday, Nifty Spot
opened at 8283 and made a high of 8306, achieving its target of 8288. Nifty then corrected for the day to make a
NIFTY FIFTY : - Indian Benchmark Index Nifty had a negative last week which was the result of a combination of local and Global factors. The local being, currency notes reforms initiated by the
government which is bringing in temporary pain to the economy and thereby affecting sentiments.
Nifty futures/Bank Nifty futures market closed on 8465 / 18770 . According to technical analysis if Nifty futures
and Bank Nifty future moves up-word in tomorrow treading session then 8512 will be small resistance for Nifty
futures and at the same time 18856 will be small Resistance for Bank Nifty futures, if it break this level then then
Nifty futures can touch 8724 level and Bank Nifty futures can touch 19297 level in next few days.
NIFTY FIFTY : - The Equity benchmark Nifty 50 open in a Positive note on Monday up by 100 points or 1.17 per cent at 8533. Last week Indian benchmark Index Nifty fell 2.10
Percent. The Index opened at 8639 and closed at 8458 after making a low of 8425.
NIFTY FIFTY : - Equity benchmark Index Nifty traded in a very narrow range last week by making a high of 9654 and low of 9561, but Indian shares showed good strength. Among the sectors,
Financial Services and Auto were in top. Small Cap has given an upside movement of around 1% last
NIFTY FIFTY : - Last week market remain highly volatile, the benchmark Index Nifty opened at 9756 and made low of 9752. The Nifty Index rallied 200 points to make a high of 9948, however could not able to
sustain the momentum and closed at 9837. This week market remained highly volatile, the benchmark Index
NIFTY FIFTY : - Indian market showed huge buying on Friday, with a follow up rally in Midcaps and Small caps. The Indian benchmark Index Nifty on last Friday made fresh all-time highs. It settled at record
closing highs as well. The Index closed at 9595 and made a high of 9605. On Monday trading session the Nifty
NIFTY FIFTY : - Last Week Nifty Index made an all time high of 9913 and closed at 9886. Infra Power and Banks were among the top sectors for the week. The Indian market rebounded from the day
NIFTY FIFTY : - Indian Bench mark Index Nifty 50 closed at 8935 after making a high of 8978and a low of 8892 on last week, and opened on a positive note on Monday trading session at 9091 up by 157 points or 1.72 per cent.
The Bank Nifty opened higher on Monday at 13818 up by 27 points
or 0.2 %. Bank Nifty jumped 4.7% , on Tuesday the Banking stocks was top gainer. The Reserve Bank of India relaxed norms on tier-I capital relating to the treatment of certain balance-sheet items, including property, which will help PSU Banks unlock capital totaling about Rs. 35,000 crore.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
NIFTY FIFTY : - Equity Benchmark Index Nifty 50 opened on a Strong note on Monday trading Session up
by 107 point’s or 1.16 per cent from its last closing at 9225. Last Friday Nifty fell by 63 points to close Near
9197 level. This was the biggest fall in one day in recent past, As we all know that the Market can Not Run one
U.S. President Barack Obama on Friday rejected the proposed Keystone XL oil pipeline from Canada in a victory for vironmentalists who campaigned against the project for
more than seven years.
NIFTY FIFTY : - Last Week Equity benchmark Nifty traded in a range of 141 points between 8264 and 8123. As per expected line the Federal Reserve raised its benchmark interest rate by 25 basis points and Global Markets welcomed the move.
NIFTY FIFTY : -Last week Equity benchmark Nifty traded volatile As the Index Nifty heavy weight stocks Announced it’s Quarter 4 Results, The Index opened at 9135 in positive note on
Monday trading session and made a high of 9225 and closed 9217 after making the low of
Nifty futures/Bank Nifty futures market closed on 8540/ 18680. According to technical analysis if Nifty future sand Bank Nifty future moves down-word in tomorrow treading session then 8456 will be small support for Nifty futures and 18512 will be small support for Bank Nifty futures.
Nifty futures/Bank Nifty futures market closed on 8540/ 18680. According to technical analysis if Nifty futures
and Bank Nifty future moves down-word in tomorrow treading session then 8456 will be small support for Nifty
futures and 18512 will be small support for Bank Nifty futures.
Ways2Capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX.
Similar to Equity Research Report 03 July 2017 Ways2Capital (15)
Gold in the European market settled on Monday near the highest in a week sup-ported by the decline of the US dollar against a basket of currencies and thanks to this decline prices on
The Indian Equity market remained remained positive throughout last week as the indices posted a gain of 1.6 percent each largely supported by metal, auto, energy and infra stocks. The Nifty50 index managed to close above 11,000 for the first time since September 2018. Nifty gained 172 points in the truncated week ended March 8. On a weekly basis, the rupee rose over 1
Gold prices continued to fall on Monday dropping through the 1,290 level. The dol-lar continued to gain ground early despite the comment from President Trump that he does not want to see a stronger greenback. Late in the trading session the dollar
The Indian Equity market remained volatile in February weighed down by Indo-Pak tensions, US-China trade war concerns, rise in crude oil prices, concerns regarding lenders selling pledged shares, weak GDP data as well as mixed earnings from India Inc. The index was below its crucial psychological levels of 11000. The index fell down 0.36 percent in February. But in last week of
On Wednesday spot gold prices declined 0.13 percent to close at $1266.9 per ounce amid concerns about global economic growth and a partial U.S. government shut down although a rebound in investor risk appetite in the previous session lim-
After a weak start for a truncated week, the Indian indices recovered from the lows and ended with a percent gain. The Nifty was up 0.98 percent, or 105.9 points, to close at 10,859.9. Positive lead from Wall Street and rally in banking & financial stocks lifted investor sentiment. Ending the week with a Hammer candle implies further strength in the index in coming sessions. The
Gold traded on flat note on Friday after jumping more than 1 percent in the previ-ous session boosted by a crumbling dollar and as sliding stocks prompted an influx of safe haven bids after the U.S. Federal Reserve monetary policy stance aug-
Last week our Indian Equity market opened on a gap up not on Monday and continuing its previous week's momentum. It remained bullish till Thursdays session but Indian indices witnessed bloodbath in Friday trading session as Nifty closed 197 points lower at 10,754. Fears of a global slowdown spooked investors across the globe, including India on Friday. Global mar-
Gold prices steadied on Friday after slipping to a week low in the previous session supported by the uncertainty around the Federal Reserves next years policy out-look while the dollar strengthened on expectations of a rate hike next week.
Last week our Indian Equity market opened on a gap down not on Monday backed by most of the exit polls results indicating possible defeat of BJP in key states. It remained in pressure till 1st session of the Tuesday where after state assembly results came out in favor of congress. Which lifted the sentiments of the market and it recovered from lower levels and it remained
Gold traded firm near a five month peak hit early on Monday supported by a disap-pointing U.S. jobs data that fuelled speculation that the Federal Reserve may stop
Last week our Indian Equity market opened on negative note and remained bearish throughout the week. The December series kick-started on a volatile note with Nifty making swing high of 10,974 and a swing low of 10,611 to end the week with a loss of 1.4 percent. The IT sector outperformed while huge selling was seen in the pharma sector (mainly Sun Pharma), auto, metals,
Gold prices were steady early on Monday as the dollar weakened on U.S. China trade truce that revived investor demand for riskier assets. Spot gold inched up 0.1 percent to $1,222.97 per ounce at the time of writing. U.S. gold futures were up 0.2
The Nifty Bank index started the last week on positive note on Monday and extended its positive run in most of the trading session in the week . The Bank Nifty ended the November F&O expiry on an optimistic note and well above the previous hurdle of 26,400 to give index closing at 26,914 on positive note on weekly basis with gain of 3.50%. Participation was seen
Gold prices traded on flat note on Thursday after rising to a two week high in the previous session as the dollar slipped with uncertainty on the pace of interest rate hikes by the U.S. Federal Reserve also supporting the metal. Spot gold traded at
Last week our Indian Equity market opened on a gap up note but Nifty failed to hold on to its important resistance levels of 10700 and saw a sharp correction in the last 3 trading session that dragged the index below 10,550. The Nifty index closed at the week’s low level of 10,511 down by almost 1.46 %. Broad-based selling was seen in cement, pharma, technology and metal
Gold prices rose on Friday as investors sought safe haven assets amid fears of a chaotic departure for Britain from the European Union. Spot gold was up 0.2 per-
The Indian Equity market, which remained range-bound for first 3-4 session of the week showed some strength in Friday's trading session to ended the week on a positive note. The Nifty closed close to 0.90 percent higher week on week amid a mixed set of results from India Inc, some appreciation in the rupee, weakening crude oil prices and
Gold prices were steady on Monday having dipped to a one month low in the previ-ous session after the U.S. dollar firmed on the Federal Reserves plans to gradually keep tightening borrowing costs.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
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Equity Research Report 03 July 2017 Ways2Capital
1.
2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - Last week Nifty showed profit booking as FII created sell position in the F&O.
The Nifty Index made a high of 9699 and closed at 9575 after making a low of 9565. On Tuesday
27th June,the Nifty fell 142 points from day’s high. it opened at 9594, made a high of 9615 and closed
at 9511 after making a low of 9473. Ahead of GST implementation, investors remained cautious and
booked profits in Cash market. On Wednesday 28th June,the Benchmark Index Nifty opened at 9520
and closed at 9491 after making a low of 9474. The Index closed down by 20 points from its previous
day close. On Thrusday trading session, Index Nifty opened at 9523 and closed at 9504 after making a
high of 9576.The Index closed up by 13 points from its previous day close. NSE has recorded highest
ever turnover in F&O segment on Thursday. The total turnover in F&O segment in yesterday’s trade
stood at around Rs 14.1 lakh crore. The concern of GST disruptions & Normal monsoon in June so
far may affect the domestic market sentiment. We expect market may continue to be under stress on
earnings concern for Q1-Q2FY18 due to GST disruptions and NPA blues despite great thrust on
deleveraging for stressed corporate India. Almost all the major sectors from steel, power to telecom
are in stress. Time & price action Suggest Nifty need to Sustain over 9520 level for further up move
toward 9642-9678 & Sustaining below 9500 level may drag the Index towards 9420-9297 in near
term.
BANK NIFTY : - Bank Nifty also made a high of 23898 and closed at 23543 after making a low of
23508 in last week. The Banking shares gave correction last week, as the Reserve Bank of India asked
banks to make higher provisioning on 12 large loan accounts. Bank Nifty fell allmost 730 points in
two trading sessions and closed at 23216 after making a low of 23056 on Monday trading session.
Bank Nifty opened at 23210 and closed at 23236 after making a low of 23114 on Wednesday trading
session.The Index closed up by 20 points from its previous day close. An unexpected RBI directive on
weekend to Banks for requirement of higher provisions for the IBC NPA cases and ongoing farm loan
waiver; this time from MH for Rs.34000 cr. Indian banks may be required to provide higher
provisions for NPA cases under IBC and may also be required for around 60% of hair cuts to settle
the large NPA (unviable projects); normally Banks in India can settle 40-50% or even 25% of the
write off NPA, depending on various factors. Banks in India may have to also provide more
provisions (+30%) for NPA as par changing accounting rules from next year. The Significance levels
for Bank Nifty for next week trading sessions is 23130-22978 is down side and 23350-23700 is Up
side
Monday, 3 July 2017
4. PATTERN FORMATION ( NIFTY )
Detail of Chart - On the Above given daily chart of Equity index Nifty price seems to take a
pause inside the breakdown zone before a swinging move. Nifty is expected to trade in a positive
note in next trading session as the both the indicators are in positive territory and Nifty may touch
the 9700 level. The Crucial levels of Nifty as per Technical Analysis is 9430-9361 is Down side
and 9560-9648 is Up side.
5. PATTERN FORMATION ( BANK NIFTY )
Detail of Chart - On the Above given daily chart of Bank Nifty has Applied the Bollinger Band
and Parabolic SAR both the indicators are indicating that the Bank Nifty to trade in positive
territory in upcoming week Bank Nifty to trade in a Positive note for next week trading session
the crucial levels for Bank Nifty as Per technical Analysis is 23148-22964 is down side and
9. NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
India Inc's foreign borrowings at $ 1 billion in May - Indian industry borrowed USD 1.05
billion from foreign markets last month, including through rupee denominated bonds . In contrast,
the borrowings were USD 1.32 billion in May last year. However, the two sets of data are not
comparable as the RDB route was not there until September. As per RBI data, of the total in May
this year, external commercial borrowings and RDBs contributed almost equally at USD 523.95
million and USD 525.76 million respectively. But June onwards, it may be difficult for companies
to float rupee bonds overseas as they will be subject to scrutiny from Reserve Bank's Foreign
Exchange Department before every such issue. The RDB route has become a popular source of
fund raising. Six entities issued rupee bonds -- popularly referred to as masala bonds -- including
the National Highways Authority of India's USD 465.66 million (Rs 3,000 crore) for road
construction.
Record low credit growth: 1,000 companies borrowed Rs 1 trillion less in FY17 - The record
low bank credit growth of 5.1 per cent in FY17 was led by the top 1,000 listed corporates which
saw their net loan outstanding decline by a whopping Rs. 1 trillion in the reporting year, said a
report. One-third of this massive contraction was led by just 10 companies, which cumulatively
availed of Rs. 33,571 crore less in the year over the previous year, according to the report by SBI
Research. this could either be perceived as lower debt utilisation levels or prepayment through
internal accruals or through asset sale. Other reasons could be QIP or private equity participation.
The RBI data showed that bank credit inched up by a tad 5.1 per cent in the year to March 2017,
which was the lowest since 1951 when it had grown by a paltry 1.8 per cent which could be
attributed rise in bond issuance and cheaper non-bank fund sources coupled with overall credit
aversion in the economy as well as non-investment by the private sector in capacity expansion.
However, taken as a whole, as per cent annual results of about 3,000 listed entities for FY17,
there was an 8 per cent increase on a CAGR basis in loan funds outstanding over FY15. The
outstanding loan funds as of FY15 stood at Rs 22.8 trillion, which increased to Rs 26.5 trillion in
FY17. This was Rs 24.2 trillion in FY16.
Unincorporated units contribute Rs. 11.5 lakh crore to economy - As many as 6.34 crore
unincorporated non-agriculture enterprises excluding construction sector, have contributed Rs
11.52 lakh crore to the economy and provided employment to 11.13 crore in 2015-16. During
2015-16, the aggregate gross value added by the unincorporated non-agricultural enterprises
engaged in market production was estimated as Rs. 11,52,338 crore," stated a report by National
Sample Survey Organisation. According to the report, at all India level, units that employ at least
10. one hired worker on a fairly regular basis contributed about 56 per cent to the aggregate annual
GVA. However, in rural areas, own account enterprises had a higher share (61 per cent) in
aggregate GVA. The survey revealed that about 11.13 crore workers were engaged in
unincorporated non-agricultural enterprises (excluding construction) during 2015-16. Out of the
total number of workers, 34.8 per cent were engaged in trading, 32.8 per cent in other services
and 32.4 per cent in manufacturing. While 55 per cent worked in urban areas, 45 per cent worked
in rural areas. The top five states in terms of estimated number of workers are Uttar Pradesh
(14.9 per cent), West Bengal (12.2 per cent), Tamil Nadu (8.7 per cent), Maharashtra (8.2 per
cent) and Karnataka (6.4 per cent).
Consumption to propel India's GDP growth: Nomura - India's GDP growth witnessed a
trough in January-March quarter, but going forward the economy is expected to see gradual
improvement in growth numbers primarily driven by consumption, says a Nomura report.
According to the Japanese financial services major, consumption has recovered from the
demonetisation "shock" and while external demand has moderated slightly, it remains supportive
of growth. Moreover, there are signs of a pick-up in central government investment. "We believe,
GDP growth reached a nadir in March quarter (at 6.1 per cent) and will gradually improve to a
still-modest 6.6 per cent in the second quarter," Nomura said in a research note adding that
growth is expected to be mainly consumption- led. The report said some GST-related disruptions
could spill into early part of the third quarter. But good monsoons, strong rural wage growth, pay
hikes for state government employees, lower lending rates and a modest pick-up in external
demand may push GDP growth to 7.1 per cent in September quarter and further to 7.7 per cent in
the next quarter. India lost the tag of the fastest growing economy to China in the March quarter
with a GDP growth of 6.1 per cent, which pulled down the 2016-17 expansion to 7.1 per cent.
Plenty of hiccups' expected as India rolls out new tax reform - As India prepares to launch its
biggest tax reform since independence in 1947, businesses and citizens across the country are
bracing for economic chaos. At midnight on July 1, Prime Minister Narendra Modi will formally
usher in the country’s new goods and services tax. First proposed in 2006, the GST will subsume
more than a dozen state and central levies into one tax, unifying this country of 29 diverse states
and 1.28 billion people into a single market for the first time. "We are not ready," said K.E.
Raghunathan, a Chennai-based business owner and president of the All India Manufacturers
Association. "We do expect tremendous chaos." With the deadline looming, protests and
industrial strikes broke out across the country over tax rates and compliance burdens. In the states
of Tamil Nadu, Gujarat and Rajasthan, tens of thousands of textile workers went on strike, while
the association that represents sellers of seeds, pesticides and fertilizers protest protested in the
11. agricultural state of Punjab. The move should eventually expand India’s narrow tax base and
increase government revenues. It has been heralded by economists and will count as the most
important structural economic reform of Modi’s three-year-old administration.
Loan demand to pick up to 15% in 2017-18: BofAML - Loan growth in the country is expected
to pick up to 15 per cent in 2017-18, from 9.1 per cent in the previous fiscal, as demonetisation
shock fades, says a report. According to a Bank of America Merrill Lynch report, loan growth in
the country is now at a historic low and is expected to bottom out. "Our BofAML liquidity model
forecasts that loan growth will pick up to 15 per cent from 9.1 per cent in 2016-17 as the
demonetisation shock works itself out," BofAML said in a note. The report further said RBI open
market operation (OMO) is also expected to push up loan supply and pull down bank lending
rates, which in turn will spur loan demand. BofAML sought to illustrate the point. It said, "Re 1
of RBI OMO generates Rs 4 of loan supply. Besides, demonetisation has added temporary
liquidity of around Rs 4,000 billion to banks, which would also boost loan growth." OMOs are
market operations conducted by RBI by way of sale or purchase of government securities to or
from the market with an objective to adjust the rupee liquidity conditions on a durable basis. If
there is excess liquidity, RBI resorts to sale of securities and sucks out the surplus. Similarly,
when the conditions are tight, RBI buys securities from the market, thereby releasing liquidity
into the market.
✍ TOP ECONOMY NEWS
The finance ministry has made a case for pushing back the Reserve Bank's deadline for
implementing Basel III banking norms in view of higher capital requirement to deal with bad
loans which have reached unacceptable levels. In a recent meeting with RBI, senior officials from
the ministry pitched for deferring the implementation beyond March 2019, saying it will help
banks meet the capital needs and increase credit flow to productive sectors along with balance
sheet clean-up.
Former RBI Governor Bimal Jalan today said that 'inflation targeting' cannot work in India as
prices depend on a range of factors like monsoon and oil prices over which neither the RBI nor
the government has any control. Inflation targeting is fine for countries like the US and the UK.
But we are dependent on rain, import of oil from Gulf countries. In India, there is no point in
setting inflation target," Jalan said at a function to release a book written by former RBI Governor
Y V Reddy.
12. Government think-tank NITI Aayog has made a case for a single regulator to govern India’s
energy market to make the country ‘energy ready’ by the year 2040. “Coal and upstream
petroleum sectors have lacked independent, statutory regulators,” said the draft National Energy
Policy, on which the central think-tank has sought public feedback till July 14. “This is also
expected to mainstream emerging energy tech and provide energy choices,” NITI Aayog said.
One of the leading credit rating agencies, Fitch Ratings has warned that there is a risk that farm
loan waiver schemes, which are being discussed and implemented across a number of Indian
states will result in further fiscal slippage at the state level or will curtail the funds available for
public investment. The farm loan waiver schemes could have a significant impact on the finances
of the state government, and might undermine efforts to bring down general government debt, it
added.
At the midnight of June 30, India will make a tryst with history by heralding the much-awaited
GST regime and turning a new leaf in the annals of the country’s taxation system. The game-
changing ‘one nation, one market, one tax’ arrangement is the biggest taxation reform since
Independence. It is expected to benefit both the traders and consumers, while providing buoyancy
to government revenues due to increased tax compliance. It is estimated that with its
implementation, GDP will increase by 1.5-2 per cent.
Former RBI Governor Bimal Jalan today said that 'inflation targeting' cannot work in India as
prices depend on a range of factors like monsoon and oil prices over which neither the RBI nor
the government has any control. Inflation targeting is fine for countries like the US and the UK.
But we are dependent on rain, import of oil from Gulf countries. In India, there is no point in
setting inflation target," Jalan said at a function to release a book written by former RBI Governor
Y V Reddy.
The Reserve Bank today said district central cooperative banks can deposit banned bank-notes
exchanged or collected only between November 10-14 last year under a special window until July
19. Specified banned notes of Rs 500 and Rs 1,000 held as on November 8, 2016, at the close of
banking hours will not be eligible, the RBI said in a notification this evening. The ones accepted
by DCCBs after November 14 are also not eligible for exchange, the central bank said.
The Reserve Bank of India has finalised norms for peer-to-peer lending platforms and is expected
to release final guidelines in 2-3 weeks, a top finance ministry official said. According to the
official, the finance ministry has given its comments to the central bank and the latter is giving
final touches to the rules.
13. The government will clear all FDI proposals requiring approval within a maximum of 10 weeks
after the receipt of an application as per the standard operation procedure which replaces FIPB.
The move is aimed at improving investment climate of the country. The new mechanism will
replace the Foreign Investment Promotion Board, abolished by the government.
✍ TOP CORPORATE NEWS -
Indiabulls Real Estate on Tuesday announced that it has acquired the entire minority stake of
10.08% in Indiabulls Infra estate Limited a majority-owned subsidiary of the company. The
company has acquired IIL from IL&FS Fund entities namely IIRF India Realty XXI Limited,
Little Fairy Limited and Vistra ITCL Limited, its minority investors. The aggregate cash
consideration paid for the acquisition is Rs 358.44 crore, which includes interest of Rs 94.85
crore as against their aggregate total investment of Rs 250 crore.
The leading public sector lender, Dena Bank plans to raise up to Rs. 1,800 crore through a
qualified institutional placement. The bank’s annual general meeting took place on June 27, 2017.
The shareholders voted on the proposal of creating, offering, issuing and allotting equity shares
up to Rs. 1,800 crore in a QIP.
Indian branded fabric and fashion retailer, Raymond Limited in a phased manner is going to
invest Rs. 1,400 crore in its new plant at Amravati in Maharashtra which will go live by the year-
end. In the first phase, the new unit that will produce linen and denim, cotton shirts among other,
the company has made an initial investment of Rs. 200 crore. The facility will employ about
8,000 workers when fully operational.
Piramal Enterprise Limited board of directors has approved a proposal through the issuance of
non-convertible debentures to raise up to Rs. 500 crore private placement basis. Piramal
Enterprises said in a BSE filing on Tuesday said that the NCD are proposed to be listed on the
wholesale debt market segment of the NSE.
Mukesh Ambani led Reliance Industries is planning to raise Rs. 25,000 crore as the company
seeks to fund an aggressive expansion plan in the telecom sector and to also replace existing high-
cost borrowings. The funds would be raised through privately placed debentures
HDFC Limited, a major provider of finance for housing in India, will seek shareholder’s
approval to raise RS. 85,000 crore through various debt instruments. The mortgage lender will
seek its shareholder’s nod at the Annual General Meeting which is scheduled on July 26, 2017.
14. Zydus Cadila has received final approval from the USFDA to market Entecavir tablets in the
strengths of 0.5 mg and 1mg. The drug is used to treatment of Hepatitis B virus infection and will
be produced at the group’s formulation manufacturing facility at the Pharma SEZ in Ahmedabad.
The construction arm of L&T Limited has won orders worth Rs. 2,552 crore across various
business segments. The Transportation Infrastructure & Water Effluent Treatment businesses have
jointly bagged an EPC order worth Rs 1,223 crore from Aurangabad Industrial Township Limited.
UltraTech Cement on Thursday completed the acquisition of Jaiprakash Associates’ six
integrated cement plants and five grinding units, the company informed the bourses. The plant
and units are spread across the state of Himachal Pradesh, Uttar Pradesh, Uttrakhand, Madhya
Pradesh and Andhra Pradesh with a capacity of 21.2 million tonne. Consequent to this
acquisition, the acquired cement plants of JAL and JCCL stand transferred to UltraTech. With a
value of Rs 16,189 crore (USD 2.5 bn), the deal was the largest transaction of its kind and
involves a major financial restructuring program of JAL, overseen by the ICICI-led consortium of
lenders.
Piramal Enterprises Limited through its subsidiary Piramal Finance Ltd has committed Rs 485
crore to third party logistics solutions provider, Apollo LogiSolutions, reported a leading
business daily on Thursday. Piramal Finance will be a long-term investor in the company as it
eyes to boost its operations over the coming years. Apollo LogiSolutions will utilise the funds for
organic growth of existing business, setting up of new business ventures as well as restructuring
ownership in many of its joint ventures.
Rajesh Exports Limited has procured an order of Rs. 774 crore. The order has been procured
beating global competition from a well-established and prestigious global white label importer
from UAE. The order is to be completed by October 2017. Company will be executing the order
from its Bangalore facility. This facility has a processing capacity of 250 tons of jewellery and
gold products per annum. With this current order which is to be executed by October 2017, order
book at the consolidated level stands at Rs. 38,419 crore.
MEP Infrastructure developers Limited on Thursday announced that it has received an order
worth Rs 325.08 crore from the Maharashtra State Road Development Corporation Limited
(MSRC). The order includes operation maintenance of Rajiv Gandhi Sea Link and collection of
Toll Plaza on a whole basis. The period of the contract is for 156 weeks from the date of the
Letter of Acceptance i.e. June 28, 2017.
Mindtree Limited has come up with a share buyback plan of equity shares worth Rs. 270 crore.
15. It will become the seventh IT company in India to announce share buyback plan. The company’s
board has approved buyback of up to 2.5% of total fully paid-up equity shares in the market up to
Rs 43.2 lakh shares at Rs 625 per share, as reported by the company in a BSE filing. The buyback
would be carried out via the tender offer route under the board approval route. Promoters of the
company will have an option to participate in the buyback plan.
Motherson Sumi Systems Limited shares witnessed a jump by 1% during Wednesday’s trading
session as the shareholders approved the issuance of bonus shares to existing shareholders. The
register of members and share transfer books will remain closed on July 7 as the company has
fixed July 7 as record date for purpose of the bonus issue. On May 19, the board of directors had
recommended the issue of bonus shares in the ratio of one bonus shares against the two existing
shares
Steel Strips Wheels Limited has bagged exports order for supply of steel wheels for EU caravan
and Canadian winter market. This order covers supplies of approx 15,500 number of wheels with
total order value above USD 150,000 and would be dispatched by end of July 2017 from SSWL’s
Chennai plant. Meanwhile, the stock traded in a positive territory surging 1.85% at Rs 888.10 per
share during Wednesday’s intraday trade.
Zydus Cadila has received the final approval from the USFDA to market Phentermine
Hydrochloride orally disinterating tablets in strengths of 15mg, 30 mg and 37.5 mg. The drug is
used together with diet and exercise to treat obesity in people with risk factors such as high blood
pressure, high cholesterol or diabetes and will be produced at the group’s formulations
manufacturing facility at Moraiya in Ahmedabad.
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
The country’s largest bank, the State Bank of India, has written a letter to the finance ministry
raising concerns over the stringent provisioning norms for companies under the Bankruptcy
Code, which will eat into its profit margins. The lender is reluctant to meet these norms and has
sought the ministry’s intervention on the matter.
A senior executive with the lender confirmed the development and said that the government is
expected to hold discussions with the Reserve Bank of India, state-run lenders and the
Bankruptcy Board. An email sent to both SBI and RBI did not elicit any response till the time of
going to press.
With rising concerns on additional provisionings to be made on accounts headed for insolvency,
Axis Bank said it has exposure to eight of the 12 companies named by the regulator and has
16. already set aside adequate money for the same. The third largest private sector lender said the
overall fund-based exposure to these eight accounts is Rs. 5,071 crore and the non-fund based one
is only Rs 212 crore. Around 80 per cent of this outstanding loan is secured, it said in an
exchange filing made before the start of the trading today.
Reserve Bank will remain open on July 1 for services such as transfer of funds through NEFT
and RTGS from 11 AM onwards. RBI follows a July to June accounting year and June 30 being
the closing date of the year, the office generally remains closed on July 1 every year. The apex
bank said July 1 being a working Saturday, it has decided to remain open on that day.
ICICI Bank Limited said that a lenders consortium led by it has concluded the biggest asset
resolution in the country with the consummation of the Rs. 16,189 crore takeover of Jaypee
Cements by Ultratech. This is the largest asset resolution in the country so far and I hope that this
landmark transaction will pave the way for more such resolutions," Chanda Kochhar, ICICI Bank
managing director and chief executive, said in a statement.
The nation's largest lender State Bank India ruled out the additional provisioning towards the 12
largest NPA accounts which have been referred to insolvency proceedings denting the bottom
lines very hard as most of the provisioning has already been done. The increased provisioning
requirements, more or less, in all of these accounts we have pretty large provisions. But yes, we
have to make a little more but it should not very badly impact our earnings going forward,"
chairman Arundhati Bhattacharya told reporters after the AGM.
The strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a
whopping 25 per cent this year as lenders will take up to 60 percent hair cut while resolving these
accounts. Based on our assessment of the embedded value in the top 50 NPA cases, we estimate a
60 per cent haircut would be needed on these loan assets. That would mean banks will have to
increase provisioning by another 25 per cent this fiscal, compared with nine per cent in the last
fiscal," Crisil senior director Krishnan Sitaraman said.
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