The Market has kick-started First Trading week of 2016 on lower note. The Nifty slipped 171.90 points or 2.16 percent at 7791.30. The Nifty50 came under pressure to break below its crucial support level of 7,800. After weak Chinese manufacturing PMI readings sparked selling across Asian currencies. Chinese yuan dropped to a fresh five-year low against the US dollar in morning trade after China said manufacturing PMI contracted.

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The Market has kick-started First Trading week of 2016 on lower note. The Nifty
slipped 171.90 points or 2.16 percent at 7791.30. The Nifty50 came under pressure to break below its
crucial support level of 7,800. After weak Chinese manufacturing PMI readings sparked selling across
Asian currencies. Chinese yuan dropped to a fresh five-year low against the US dollar in morning trade
after China said manufacturing PMI contracted. Most other Asian cracked in trade after weak Chinese
manufacturing data signaled a further weakening in the world's second largest economy. We are seeing a
strong support zone around 7600-7550 levels. If Nifty manages to hold this zone then we may witness an
immediate bounce towards 7750-7800 levels. On Thursday There was another sell-off in China, down over
7 percent that led to trading being halted for the second time this week. The Chinese central bank fixed the
yuan mid point at 6.5646/USD this morning, a move that sent the country's stocks tumbling. Brent crude
slumped to fresh 11-year low, falling below USD 34 a barrel. The 50-share NSE Nifty crashed 172.70
points or 2.23 percent to 7568.30 after hitting an intraday low of 7556.60.The strong Support Seem for
Nifty is 7600-7550 And the Resistance for Nifty is 7800-7870.
BANK NIFTY : - The Bank Nifty also open in the red on Monday down by 73 points at 16966.35 from the
previous closing level. And the expectation was also in the negative trend from the market due to negative
globle clues and the mostly Public Service Banks is trading their 52 week low level. However the
private sector bank is Performing well to manage the Bank Nifty Psychological level of 16000. On
Thursday trading session the Bank Nifty is open down by 177 point at 16256.55 and closed down by 183
pints at 16073 the Bank Nifty is currently trading at 16163 up by 63 points or 0.40 % from previous
closing. The Fear for Banking Industry is the Fed official was quoted as saying the market may be
optimistic on expectations over rate hikes. The Federal Reserve is Planning to 3 time rate hike in 2016 And
the china Economy these are the macro economic issue for market.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
7765 7663 7612 7561 7459
WEEKLY R2 R1 PP S1 S2
8839 8079 7699 7319 6559
MONTHLY R2 R1 PP S1 S2
8956 8126 7711 7296 6466

3. BANK NIFTY
DAILY R2 R1 PP S1 S2
16529 16283 16160 16037 15791
WEEKLY R2 R1 PP S1 S2
19116 17298 16389 15480 13662
MONTHLY R2 R1 PP S1 S2
19474 17442 16426 15410 13378
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7786 7855 7962 8190
BANK NIFTY 16623 6919 17186 17792
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 7910 8150 8400
BANK NIFTY 16990 18005 19850

4. PATTERN FORMATION ( NIFTY AND BANK NIFTY )
Depiction of Chart - On the Above given weekly chart of Nifty Index has Applied the 100 days Moving average along with 50 days
Exponential moving Average.The Moving average lag the current price action because they are based on past prices longer the time period
the greater the lag of Moving Average. Thus a 100-day MA will have a much greater degree of lag than a Less-days MA because it contains
prices for the past 100 days. With breaks above and below this moving average considered to be important trading signals.for Buying or
Selling. MAs also impart important trading signals on their own, .While on the Above given Chart EMA is in to down trend the MA which
is a early signal for Bearish movement for Nifty . The globle market also in Support for Bear movement, There is a chances for Nifty50 to
give gap-down opening in next week. So we can expect that if the Nifty is crossing the level of 7700 it can make the high of 7750-7800 for
Next Week. Weekly Support of Nifty Is 7319-7250 And Resistance is 7663-7765.

5. BANK NIFTY MACD
Details of Chart On the Above given weekly chart of Bank Nifty applied 100 days Moving Average along with 50 days Exponential
Moving Average . And the both are the indicators on Bear movement for Bank Nifty. from long time the Bank Nifty has seen the Near
level of 16900-17100. The market is now not in good shape so we could expect the Bear movement from the Bank Nifty for Next week.
Hope from Banking industry is also not performing well specialy PSU Banks for next week, so we can assuming further downtrend
movement of Bank Nifty The Crucial level for Banking Nifty is 16037-15791 if the Bank Nifty is holding above that level. we can Expect
the Bank Nifty 16200-16325 level near next week. The major Resistance for Nifty Is 16283-16529 And the Support for Banking Nifty is
16037-15791 .

6. NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1326 1310 1293 1277 1260
ALBK EQ 66 66 65 64 63
AMBUJACEM EQ 203 200 197 195 192
ASIAN PAINT EQ 889 882 874 867 859
AXISBANK EQ 422 418 414 410 406
BAJAJ-AUTO EQ 2478 2459 2395 2346 2312
BANKBARODA EQ 145 143 14 139 137
BANKINDIA EQ 112 111 110 109 108
BHEL EQ 159 156 154 152 150
BHARTIARTL EQ 329 326 322 319 315
CIPLA EQ 658 640 627 609 596
COALINDIA EQ 334 328 322 316 310
DLF EQ 117 115 111 109 105
DRREDDY EQ 3064 3041 3008 2984 2951
GAIL EQ 378 375 373 370 368
GRASIM EQ 3646 3615 3564 3533 3482
HCLTECH EQ 848 836 825 813 802
HDFC EQ 1253 1214 1192 1153 1131
HDFCBANK EQ 1066 1064 1060 1058 1054
HEROMOTOCO EQ 2559 2526 2506 2473 2453
HINDALCO EQ 80 78 77 75 74
HINDUNILVR EQ 838 825 819 806 800
ICICIBANK EQ 249 247 245 243 241
ITC EQ 321 318 313 310 305
INDUSIND BANK EQ 958 952 942 936 926
INFY EQ 1074 1069 1062 1057 1050
JINDALSTEL EQ 90 88 84 81 78
KOTAKBANK EQ 166 165 164 163 162
LT EQ 1231 1206 1191 1166 1151
M&M EQ 1215 1208 1200 1193 1185
MRF EQ 39766 39273 38977 38484 38188
MARUTI EQ 4367 4286 4243 4162 4119
ONGC EQ 235 232 229 226 223
ORIENTBANK EQ 131 129 128 127 126
RCOM EQ 85 84 83 82 81
RELCAPITAL EQ 438 432 427 421 416
RELIANCE EQ 1041 1033 1025 1017 1009
RELINFRA EQ 597 590 582 575 567
RPOWER EQ 61 60 58 57 54
SBIN EQ 214 212 210 208 206
SSLT( VEDL) EQ 85 83 81 79 77
SUNPHARMA EQ 814 804 795 785 776
TATAMOTORS EQ 361 357 351 347 341
TATAPOWER EQ 71 70 68 67 65
TATASTEEL EQ 259 256 252 249 245
UNIONBANK EQ 139 138 137 136 135

7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION)
NSE CASH
VEDL NSE CASH : VEDL CORRECTED ABOUT 10% LAST WEEK AND MADE LOW OF 79.15.IT
RECOVERED FROM LOWER LEVELS AND WAS TREADING ABOVE 82 ON LAST TREADING
SESSION OF THE WEEK.IF TI BREAKS 83.50 THEN UPWARD MOMENTUM CAN BE
SEEN.LONG POSITION CAN BE MADE ABOVE 83.50 FOR TGT AND SL OF 92.50 AND 80.
IBREALEST NSE CASH : IBREALEST MOVED UPWARD IN LAST TREADING HOURS ON
FRIDAY. IT CAN MOVE UPWARD FURTHER IF BREAKS THE LEVEL OF 61.50. LONG POSITION
CAN BE MADE ABOVE 61.50 FOR TGT AND SL OF 67 AND 59.50RESPECTIVELY.
GODFRYPHLP NSE CASH : LONG POSITION CAN BE MADE IN GODFRYPHLP ABOVE 1450
FOR TGT AND SL OF 1595 AND 1395 RESPECTIVELY.
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 CADILA
HEATHCARE
385.15 310.10
-19.49 %
2 IDBD BANK LTD. 90.20 78.10
-13.41 %
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3 VEDANTA 91.90 81.05
-11.81 %
4 JINDAL ST & PWR 94.70 84.45
-10.82 %
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5 PNB 117.75 105.15
-10.70 %
6 TATA MOTORS
LTD.
393.50 353.45
-10.18 %
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7 BANK OF
BARODA
156.20 140.50
-10.05 %
8 BHEL 169.50 153.70
-9.32 %
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9 IPCA LAB 748.75 680.25
-9.15 %
10 HINDALCO
INDUS.
84.60 76.90
-9.10 %
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11 AXIS BANK LTD. 455.15 413.85
-9.07 %
12 TATA ELEXSI LTD2242.35 2052.10
-8.48 %
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13 UNION BANK OF
INDIA
149.70 137.10
-8.42 %
14 HERO
MOTOCORP
2711.65 2489.00
-8.21 %
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15 L&T 1284.30 1179.85 -8.13 %
SR.NO SCRIPT NAME
PREV
CLOSE
CMP % CHANGE
1 TORRENT POWER
LTD
219.30 231.05 + 5.36 %
2 1. GATI LTD. 152.25 159.95 +5.06 % 2. J
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3 SREI INFRA 60.90 63.50 +4.27 %
4 7. B F
UTILITIES LTD.
646.25 672.00 +3.98 % 8. E
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11. E
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5 ADANI POWER LTD. 32.05 33.20 +3.59 %
6 SHRIRAM TRNSPORT 821.90 848.85 +3.28 % A
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7 RELIANCE INFRA 564.85 581.50 +2.95 %
8 EID PARRY 187.00 192.50 +2.94 % M
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9 KPIT
TECHNOLOGIES
158.75 163.30 +2.87 %
10 INDIA CEMENT LTD 92.75 95.35 +2.80 % P
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11 YES BANK LTD 678.15 697.05 +2.79 %
12 ADANI ENTERPRISES 80.15 82.35 +2.74 % J
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13 FIRST SOURCE SOLU 39.55 40.60 +2.65 %
14 TATA MOTORS LTD 343.20 352.05 +2.58 % D
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15 AMTEK AUTO LTD 46.60 47.80 +2.58 %
TORRENT POWER
LTD
219.30 231.05 + 5.36 %

8. DHFL NSE CASH : DHFL LONG POSITION CAN BE MADE IN DHFL ABOVE 225 FOR TGT AND
SL OF 244 AND 218 RESPECTIVELY.
KSCL NSE CASH : KSCL GAINED 18% LAST WEEK AND MAY CONTINUE ITS UPWARD
MOMENTUM . LONG POSITION CAN BE MADE ABOVE 381 FOR TGT AND SL OF 415 AND 369.
NSE FUTURE
IDFC FUTURE : IDFC FUTURE SHOWS BEARISH TREND CONTINUOUSLY WE CAN EXPECT
FURTHER DOWNSID E MOVEMENT IN IDFC BELOW 46.70 TGT 40 SL 48.
IBREALEST FUTURE : WE CAN MADE LONG POSITION IN IBREALEST FUTURE ABOVE 61
TGT 70 SL 59.
IRB FUTURE : IRB SHOWS BEARISH TREND TODAY .ON DAILY CHART OF IT ALSO
DOWNSIDE MOVEMNET. WE CAN MADE SHORT POSITION IN IRB BELOW 245 TGT 230 SL
250.
LICHSGFIN FUTURE : LICHSGFIN SHOWS BULLISH TREND IN DAILY CHART . WE CAN
EXPECT FURTHER UDSIDE MOVEMENT IN IT ABOVE 515 TGT 570 SL500.
ASHOKLEYLAND FUTURE: ON DAILY CHART OF IT SHOWS BULLISH MOVEMENT WE
CAN MADE LONG POSITION IN IT ABOVE 92 TGT 102 SL 89.

9. NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
India manufacturing PMI falls to 49.1 in Dec; lowest in 28 months - Indian
manufacturers saw business conditions deteriorate at the end of 2015. Dipping from 50.3
in November to 49.1 in December, the seasonally adjusted Nikkei India Manufacturing
Purchasing Managers‟ Index – a composite single-figure indicator of manufacturing
performance – pointed to a deterioration in operating conditions across the sector, with
the PMI posting below the no-change level of 50.0 for the first time since October 2013.
December‟s incessant rainfall in Chennai impacted heavily on the sector, with falling new
work leading companies to scale back output at the sharpest pace since February 2009.
On the price front, inflation rates of both input costs and output charges were at seven
month highs.
Jaitley hopeful of GST Bill passage in budget session - Union Finance Minister Arun
Jaitley stated that the government is hopeful of the passage of the Goods and Services
Tax Bill in the Budget session of Parliament, says report. “Halfway through the next
session, the numbers in the Upper House will also change,” Jaitley said. The GST is
expected to boost economic growth by one to two per cent , Jaitley reportedly said. The
Finance Minister added that he would be continuing talks with the States and all the
political parties to ensure the passage of the Bill. “We are in the stage of readiness as far
as those legislation are concerned which will have to be passed then by the Central
government and by the State governments,” Jaitley said.
Rs. 10,000 crore! Excise hike in petrol, diesel could fetch this for govt - The hike in
excise duty on petrol and diesel will help the government garner an additional Rs 10,000
crore in the fiscal, according to reports. The government raised excise duty on petrol and
diesel three times in last two months. Government increased excise duty on petrol by Rs
0.37 per litre and by Rs 2 a litre on diesel last week. The basic excise duty on unbranded
or normal petrol has been hiked from Rs 7.36 per litre to Rs. 7.73 and on unbranded
diesel from Rs 5.83 to Rs 7.83 per litre, according to Central Board of Excise and
Customs notification.

10. China Caixin Manufacturing PMI dips to 48.2 - China Caixin Manufacturing PMI for
December was lower than expectations at 48.2 as operating conditions faced by Chinese
goods producers continued to deteriorate in December. Production declined for the
seventh time in the past eight months and data suggested that client demand was weak
both at home and abroad, with new export business falling for the first time in three
months in December. Manufacturers continued to trim their staff numbers and reduce
their purchasing activity in line with lower production requirements. Meanwhile,
deflationary pressures persisted, as highlighted by further marked declines in both input
costs and selling prices.
India has emerged as the world's fastest growing economy:Arvind Subramanian -
Chief Economic Advisor Arvind Subramanian reportedly said that India has emerged as
the world's fastest growing economy not with standing global demand slowdown and four
droughts. Arvind Subramanian said that there has been improvement in quality of
spending toward capital, fiscal consolidation at central and state levels. The commentary
on Mid-Year Economic Analysis, presented in Parliament last month, has focused on
challenges, Arvind Subramanian said.
Blame it on China! Why India could suffer due to China's woes - Yet another tremor
from China is set to shake some of the prominent sectors like Auto, Tyre, Iron ore, Steel
in India. The bloodbath in Chinese stock market has affected Indian equity markets also.
The Chinese slowdown has dragged S&P BSE Sensex and Nifty down by nearly 2%.
Oil stocks slide on hike in excise duty on petrol & diesel and tension between Saudi
Arabia and Iran - Shares of Oil companies ended lower on escalating tensions between
Saudi Arabia and Iran International oil prices which were trading as high as 3% in the
morning trade ended the day marginally higher. Brent Crude oil ended marginally up
0.40% at US$ 37.43/bbl, while WTI Crude Oil too ended marginally up 0.24% at
US$37.79/bbl.
Siti Cable rallies 8%; RBI permits foreign investors to buy up to 49% - SITI Cable
Network rallied 8% to Rs.39.75 on BSE. Reserve Bank of India has notified that Foreign
Institutional Investors/Registered Foreign Portfolios Investors can now invest up to 49
per cent of the paid up capital of SITI Cable Network Limited under the Portfolio

11. Investment Scheme. The scrip opened at Rs. 39.7 and has touched a high and low of Rs.
41.7 and Rs. 39.45 respectively. So far 3390832(NSE+BSE) shares were traded on the
counter. The current market cap of the company is Rs. 2493.69 crore.
Public investment to drive efforts to revive economy: Arun Jaitley -: Finance minister
Arun Jaitley reportedly said that the increased government spending through more funds
in the form of public investment will continue to drive the efforts to revive the economy.
“We made an increased allocation towards public investment last year. Public investment
will continue to remain stepped up,” FM Jaitley was quoted as saying.
December topline seen up just 2% despite base-effect prop: CRISIL Research -:
CRISIL Research, India‟s largest independent and integrated research house, expects
corporate excluding BFSI and oil & gas companies revenue to grow a measly 2% in the
three months ended December 31, 2015, driven by low-base effect growth in the
corresponding quarter of last fiscal was just 5% amid crushed commodity prices, weak
investment demand, flagging rural consumption. Exclude sectors with topline linked to
the commodity cycle steel, petrochemicals and manmade fibres, and revenue growth
would improve – but only by 5.4%.
Moody's: Oil and gas industry to cut spending in 2016 - As commodity prices
continue to slide, the global oil and gas industry will reduce capital spending and work
toward leaner budgets in 2016, says Moody's Investors Service. "Excess supply will
continue to drag on commodity prices in 2016 in the global oil markets and the US
natural gas market," said Steven Wood, a Moody's Managing Director. "Furthermore, the
potential lifting of sanctions against Iran could bring even more supply to the market in
2016, offsetting any expected declines in US production."
India Inc's Q3 earnings revival could be tepid - India Inc‟s earnings growth has
remained stagnant with several rounds of downgrades all through Calendar 2015. Over
the past few months many analysts predicted the earnings growth to resume from the
second half of this financial year, thanks mainly on the back of base effect and partially
on the strength of the crash in commodities, which has lowered input costs and improved
margins. However, the much-awaited earnings revival in the December quarter may not
be a big bang one. That‟s because the demand scenario in the economy continues to be
bleak.

12. Strategic Debt Restructuring helping banks delay the inevitable NPA recognition -
In a recent finding, RBI claimed that nearly 20% of all Indian companies had borrowed
more than what they can be comfortably repay. This clearly shows that the level of
distress in leveraged Indian companies is growing unabated. To counter this problem that
is a precursor to rise of NPAs, RBI had introduced the Strategic Debt Restructuring
scheme to help banks solve the problem of increasing bad loans.
India VIX rises 6%; hits highest level in over 3 weeks - India VIX today rose 6% at
17.64. The India VIX has jumped to its highest level in since December 15. Indian stocks
have fallen to lowest since December 14. On 17th Decembe VIX had slumped to 15.4%.
Asian stock market is trading lower after the People's Bank of China set the yuan‟s
reference rate at 6.5646, the lowest levels since April 2011.
People's Bank of China sets Yuan’s reference rate at lowest levels since April 2011 -
In China, People's Bank of China has set the Yuan‟s reference rate at 6.5646, the lowest
levels since April 2011. Offshore, the currency today is trading around 6.59 levels against
the greenback. The sharp weakness is also attributed to the meltdown in Chinese equity
markets, wherein trading is halted for today as well after the breach of the downside
circuit levels. In order to stem the rout in the markets, Chinese central bank has injected
further liquidity by initiating weekly reverse repos worth US$70bn.
India will maintain fast pace of growth in 2016: World Bank - Weak growth among
major emerging markets will weigh on global growth in 2016, but economic activity
should still pick up modestly to a 2.9 percent pace, from 2.4 percent growth in 2015, as
advanced economies gain speed, according to the World Bank‟s January 2016 Global
Economic Prospects. Simultaneous weakness in most major emerging markets is a
concern for achieving the goals of poverty reduction and shared prosperity because those
countries have been powerful contributors to global growth for the past decade. Spillovers
from major emerging markets will constrain growth in developing countries and pose a
threat to hard-won gains in raising people out of poverty, the report warns.
ASSOCHAM Pre-Budget Interaction with Finance Minister - The Union Budget
2016 is poised to be a game changer in reviving investment, economic growth and job
creation, enabled by the next generation reforms to fast-track India‟s economic

13. resurgence. The following are ASSOCHAM‟s recommendations in this regard, Use the
Infrastructure Finance Companies like IIFCL to rebuild the capacity of the private
infrastructure sector by making it easier for them to raise funds. Since IFCs have the
necessary expertise, they should also be used as ARCs for the infrastructure sector,
helping revive stranded projects. NIIFIs a good first step but more needs to be done.
Recommend that a taskforce on infrastructure finance under JS, Infra be setup to take this
forward. Pension and insurance funds should be allowed to invest in any investment
grade paper, not just AA.
TOP ECONOMY NEWS
The latest data on core sector growth once again puts a question mark on the claims about
green shoots of recovery and growth revival in the domestic economy. Official data
showed India‟s core sector contracted 1.3% in November after expanding for six
consecutive months. The latest data print had an obvious reflection of the crisis in
commodities, where weak demand and poor imports have led to a sharp decline in the
steel industry.
India's passenger vehicle industry ended on a high in 2015, with a double digit rise in
December sales helping the sector with deep economic linkages post its best annual
showing in four years and strapping it with confidence to face the year ahead.
The National Highway Authority of India is likely to use Gujarat State Fertiliser and
Chemicals „Nylon 6 fibre products‟ for its infrastructure projects including construction
of roads across the country.
More than two billion people globally will use mobile devices to connect to the Internet
in 2016, with countries like India, China and Indonesia leading the way, research firm
IDC said.
Railway Minister Suresh Prabhu reportedly said that railways would help push India's
GDP by 2.5 per cent in the coming years.
Every time the government releases trade data, the Narendra Modi government's

14. ambitious target of doubling India‟s exports to $900 billion by 2020 looks more distant.
Road projects worth Rs 410 billion for Telangana, including two Express Highways from
the state capital Hyderabad to Bengaluru in Karnataka and Vijayawada in Andhra
Pradesh have been announced by the Central Government.
Telecom regulator TRAI will come out with recommendations on the reserve price of
various spectrum bands for the next round of auction by January 15.
As a confirmation of the subdued sentiment in India Inc, investment proposals to set up
new capacities declined substantially in the quarter ended December 2015, according to
the economic think tank Center for Monitoring Indian Economy.
Jharkhand would be the first state to sign an MoU with Centre for the Ujwal Discom
Assurance Yojana reforms for state-owned power distribution companies.
The seasonally adjusted Nikkei India Manufacturing Purchasing Managers‟ Index – a
composite single-figure indicator of manufacturing performance – reflected a
deterioration in operating conditions across sectors in December, with the index posting
below the no-change level of 50.0, which is the lowest in 28 months since October 2013.
Private equity investors are expected to infuse more money into India‟s real estate market
in a sign of their continuing confidence in the long-term viability of a sector that has
struggled for the past two years.
China General Services Business Activity Index posting just over the no-change 50 mark
at 50.2 in December, down from 51.2 in the previous month. Furthermore, this was the
second-lowest index reading since the series began in November 2005.
The government has removed the 5% export duty on iron ore pellets as it meets yet
another demand of steel and mining sector companies reeling under low demand and
weak prices.
The Federation Of Tamil Nadu Agriculturists Associations has urged the Centre and
Tamil Nadu and Kerala governments to consider implementing a pioneer but shelved

15. Pandiyar Punnampuzha project on the basis of 'water for Tamil Nadu and electricity for
Kerala,' with top priority in the interest of National integration.
Jayant Sinha,Minister of State for Finance reportedly said that the Centre working on a
detailed medium-term fiscal plan and debt dynamics.
China's apparent oil demand rose 1.5% in November from a year earlier to 10.95 million
barrels per day , According to the Platts China Oil Analytics report on the latest Chinese
government data.
Growth in India's services firms rose at its fastest pace in 10 months in December as
demand picked up, a business survey showed on Wednesday. The Nikkei/Markit Services
Purchasing Managers' Index surged to 53.6 in December from November's 50.1, marking
a sixth month above the 50-level that separates growth from contraction.
Total money market fund assets decreased by US$24.39bn to US$2.73 trillion for the
week ended Wednesday, January 6, the Investment Company Institute reported today.
Among taxable money market funds, government funds increased by US$3.00bn and
prime funds decreased by US$32.30bn. Tax-exempt money market funds increased by
US$4.91bn.
Issues including impact of FTAs signed by India, ways to promote start-ups and boost
economic growth were deliberated upon during the meeting between Commerce Ministry
and the industry chambers.
A minimum dividend of 30 per cent, declaration of special dividend and issue of bonus
shares are the new guidelines from the central government as the owner for central public
sector enterprises.
RBI Governor Raghuram Rajan reportedly said there is need to avoid beggar-thy-
neighbour policies and sustained exchange-rate intervention that primarily induce capital
outflows.

16. TOP CORPORATE NEWS -
Infrastructure major Punj Lloyd has won four highway projects worth Rs. 1,555 crore in
Bihar, Chhattisgarh, Odisha and Punjab from the central government.
Wipro Limited has appointed TK Kurien as the Executive Vice Chairman and Abidali Z
Neemuchwala as the Chief Executive Officer and Member of the Board of the company.
Both these appointments are effective February 1, 2016.
Dabur India has announced its foray into the premium baby care market with the launch
of 'Dabur Baby', a new brand which will have a range of baby care products prepared
with natural oils.
Bajaj Auto sales during December remained flat at 2.89 lakh units mainly on the back of
a 12 per cent dip year-on-year in exports.
Coal India Ltd. has produced 52.07 million tonnes of coal in December last year,
surpassing its target of 51.08 mt.
TVS Motors reported a 4 per cent increase in total sales at 2,02,086 units in December.
Tata Motors reported 4 per cent decline in sales at 39,973 units for December compared
to 41,734 vehicles in December 2014.
Mahindra & Mahindra on Friday reported 4% increase in total sales at 37,915 vehicles
in December. The company had sold 36,328 units in December 2014, M&M said in a
statement.
Country‟s largest car-maker Maruti Suzuki India reported a 8.5 per cent increase in total
sales in December at 1,19,149 units as against 1,09,791 units in the same month in 2014
on the back of good sales of models like Baleno.S-cross.
Drug firm Novartis India has completed the transaction to sell its animal health business
to Elanco India, an affiliate of Eli Lilly.

17. L&T Infotech, a subsidiary of Larsen & Toubro, has received capital markets regulator
Sebi's approval to float an initial public offering worth Rs 20bn.
IRB Infrastructure has bagged India's largest road transport contract totaling to Rs
100.5 billion.
JSW Steel said the Karnataka High Court on December 3 gave the steel maker a partial
relief in the Forest Development Tax case.
Titan Co. Ltd. expects to take a hit of up to Rs 5bn this fiscal due to government's move
to lower the transaction threshold of quoting PAN to Rs 200,000 from Rs 500,000 earlier.
Drug firm Suven Life Sciences has been granted a patent each by Canada, South Korea
and ARIPO for a drug used in the treatment of neuro-degenerative diseases.
MBL Infrastructures has bagged two projects aggregating to Rs 609.12 crore.
Income-Tax officials are conducting investigation at the Apollo Hospitals' facilities at
multiple locations across the country.
Competition Commission has given its approval to Reliance Capital Asset
Management's proposed acquisition of global giant Goldman Sachs' mutual fund
business in India for Rs 243 crore.
State-run power equipment maker BHEL has commissioned a 600 MW unit at Kakatiya
Thermal Power Project, Telangana.
Tata Consultancy Services Ltd. has reportedly joined the bidding process for Perot
Systems, IT management business of Dell Inc, according to sources.
Bajaj Corp Ltd. has reported a 18.7 percent year-on-year growth in standalone profit at
Rs 49.6 crore for quarter ended December 2015, boosted by gross margin growth but
topline was muted.
Jet Airways Ltd. is planning to move the Bombay High Court to seek approval for

18. convening shareholders meet on the merger of its subsidiary JetLite with the parent
company.
Mahindra & Mahindra has launched a premium pickup Imperio that sports SUV looks
and superior performance with a price starting of Rs 625,000.
SRF Ltd would begin operating the Chennai plant in phases after the factory was
temporarily shut last month due to flooding on heavy rainfall.
Cipla Ltd. has inked a pact with US-based BioQ Pharma for registration and
commercialisation of latter's Ropivacaine infusion system, used in treating post-operative
pain, in India.
Glenmark Pharmaceuticals has received a tentative nod from the US health regulator
for generic version of Sanofi-Aventis' cardiac drug Multaq.
Engineering major Larsen & Toubro said its construction arm has bagged contracts
worth Rs 2,871 crore across businesses in both domestic and international markets.
Jaiprakash Associates Ltd. has signed an agreement with Shree Cement to divest its
stake in the 2.1-MT Bhilai Jaypee Cement for an enterprise value of Rs 21-22bn.
National Buildings Construction Corporation Ltd has informed BSE that is secured
total business amounting to Rs. 8523 crore in December, 2015.
Kalpataru Power Transmission has acquired 100% equity share capital of an SPV
Company Alopurduar Transmission Ltd .
TOP BANKING AND FINANCIAL NEWS OF THE WEEK
The Reserve Bank of India on Monday said that it has imposed a penalty of Rs.1 crore on
State Bank of Travancore for deficiencies in reporting to the Central Repository of
Information on Large Credits database.

19. State Bank of India is all set to buy four flats in the Mumbai's Peddar Road area in an
all-cash deal from the loss-making Air India for Rs 900 mn.
IndusInd Bank is planning to enter the low-cost housing loans segment and is in the
final stages of stitching up a partnership with a payments bank licencee shortly.
Public sector lender Bank of India said it has raised Rs. 3,000 crore by issuing Basel-III
compliant tier-II bonds.
Kotak Mahindra Bank Ltd. has informed BSE that the Bank on January 01, 2016 has
acquired 10,00,000 equity shares at Rs. 10/- each aggregating to Rs. 1 crore being 9.99%
of the paid-up capital of Institutional investor Advisory Services India Limited.
IDBI Bank has raised Rs. 19 billion through two separate Basel-III complaint tier-II
bonds on private placement basis.
Punjab National Bank has launched a host of digital banking solutions including green
PIN and enhancement of its mobile app.
Canara Bank has informed BSE that as per the powers delegated by the Board of the
Bank, the Bond Committee has decided to raise Basel III Compliant Tier -II Bonds
amounting to Rs. 900 Crore by way of Private Placement. Accordingly, the Bank has
successfully raised Rs. 900 Crore under BASEL-III Compliant Tier-II Bonds on January
07, 2016 with a coupon of 8.40 % PA .
The government is ready to give a strategic role and a board seat to a credible investor in
IDBI Bank under a proposed transformation programme that was kick-started last week.
India‟s finance ministry is considering a plan to sell part or all of its stake in Axis Bank
Ltd, valued at $1.7 billion, to bolster its efforts to narrow the country‟s fiscal deficit,
people familiar with the matter said.
The Government of India is unlikely to go for a strategic stake sale of state-owned IDBI
Bank during the current fiscal due to some procedural issues.

20. SBI along with its associate bank State Bank of Travancore has sold loans extended to a
unit of Kohinoor Group, owned by a former chief minister of Maharashtra, as the
company is struggling to repay its liabilities primarily due to a slowdown in the real
estate business.
Bank of India has allotted 20 mn shares to Life Insurance Corporation of India valued at
Rs 2641.2 million.
ICICI Bank Ltd. will spend Rs 100 crore in corporate social responsibility projects in
the country this fiscal, managing director and chief executive officer Chanda Kochhar
said.

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