- Canara Bank has been appointed by the Ministry of Human Resources Development, Government of India to establish the Higher Education Financing Agency to provide financing for infrastructure development in top higher education institutions. - The technical outlook suggests buying Canara Bank between 333-335 price range with a target price of 342 and stop loss of 330. - Power Grid Corporation of India's subsidiary has successfully completed its Unchahar-Fatehpur transmission project and declared commercial operation from October 1st, 2016.

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Global View
India Update
Today’s Event/ Stock in News
Canara Bank on Wednesday said that the Ministry of Human Resources Development, Government of India (MHRD, GOI) has
appointed the state-controlled lender for establishment of Higher Education Financing Agency (HEFA). “The Ministry of Human
Resources Development, Government of India (MHRD, GOI) has decided to set up an Higher Education Financing Agency (HEFA) to
give a major push for creation of high quality infrastructure in premier institutions viz., IITs, IIITs, NIITs, IISERs, Central Universities
etc.,”CanaraBanksaidinafilingtotheBombayStockExchange.
Technical Outlook: On daily chart, stock has been trading in a higher top higher bottom formation since last many days and it
seems that stock could further continue with its ongoing move. Moreover, stock has been trading above its 21 day moving average
which also indicates for positive movement inthe stock. A momentum indicator RSI reading is at 69.71 level with positive crossover
whichpointout for positive breath inthe stock. So for trading perspective, one could Buy in range of 333-335 for Target of 342 with
SLof330.
CANBK
POWERGRID
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Morning Tea
06th Oct 2016
Buy in range of 180-181.50 for Target of 185.50 with SL of 178
Buy in range of 333-335 for Target of 342 with SL of 330
Power GridCorporationof India Ltd has informed BSE that POWERGRIDUnchahar TransmissionLimited, a wholly ownedsubsidiary
ofPower GridCorporationof IndiaLimited, securedthoughTariff BasedCompetitive Bidding(TBCB), hassuccessfully completedthe
projectcomprisingtheelementUnchahar-Fatehpur400kVD/clineanddeclaredcommercialoperationonOctober01,2016.
Technical Outlook: On daily chart, stock has been trading above its 21 day moving average which is placed at 179.10 level which
shows that stock’s trend is upand stock could further accelerates its upside movement. Moreover, stock has strong support at 173-
175 level, a level fromwhere stockgave goodbounce back in past. Amomentum indicator RSI readingis at 55.52 level withpositive
crossoverwhichpointoutforpositivebreathinthestock.Sofortradingperspective,onecouldBuyinrangeof180-181.50forTarget
of185.50withSLof178.
Asianshares firmedon Thursday, encouraged by stronger US economic data and a rise inoil prices, while growingprospects of a US
rate hike hit goldandthe boostedthe dollartoone-monthhighsversus the yen.MSCI's broadest indexof Asia-Pacificsharesoutside
Japanrose0.2percentwhileJapan'sNikkeigained0.9percent.Eurozonebondyieldshavepickedupsincethen,withGermany's10-
yearBundyieldrisingbacktonearzeropercentfrom21/2-monthlowofminus0.16percenthitlastweek.TheIndianequitymarket
isexpectedtoopenflattodaytrackingAsianindices.SGXNiftyistradingat8787Upby16.50points.
Stocks on Wall Street rose Wednesday led by the energy sector as oil prices rallied and as financials gained on the increasing
likelihoodofaninterestratehikeafterstrongeconomicdata.ActivityintheUSservicessectorhitan11-monthhighinSeptember,an
encouraging sign for economic growth that may nudge the Federal Reserve toward an interest rate increase before the year ends.
Banks,seenbenefitingfromaneventual rate hike, gained2 percent as a group-themost for any day intwomonths. TheDow Jones
industrial average rose 112.58 points, or 0.62 percent, to 18,281.03, the S&P 500 gained 9.24 points, or 0.43 percent, to 2,159.73
andtheNasdaqCompositeadded26.36points,or0.5percent,to5,316.02.

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Morning Tea
06th Oct 2016
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Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 5/10/2016 532805 REDINGTON DAHLIA COMMODITIES SERVICES PRIVATE LIMI B 13919094 110.01
2 5/10/2016 532805 REDINGTON MORGAN STANLEY ASIA (SINGAPORE) PTE S 13919094 110.00
3 5/10/2016 532351 AKSHOPTFBR USHA JAIN S 1100000 22.63
4 5/10/2016 514165 INDIANACRY PARTH INFIN BROKERS PVT. LTD. B 702276 20.82
5 5/10/2016 514165 INDIANACRY PARTH INFIN BROKERS PVT. LTD. S 670026 21.31
6 5/10/2016 500256 LOKHSG HRIDAYNATH CONSULTANCY PRIVATE LIMITED B 450000 3.58
7 5/10/2016 500256 LOKHSG PARASNATH TEXTILES LTD S 420971 3.58
7 5/10/2016 533090 EXCEL RADHIKA DUBASH B 225000 44.42
7 5/10/2016 526687 POLOHOT SHABNAMMOTIHAR B 140500 9.66
7 5/10/2016 532905 SAAMYABIO RAJENDRA PRANJEEVAN DOSHI S 127746 8.77
Corporate Action / Result Calendar
Asian Granito India Limited; Interim Dividend - Re 0.50 Per Share
Grasim Industries Limited; Face Value Split From Rs 10 To Re 2
Result Calendar:
GMBREW, GOACARBON & KDJHRL
IBREALEST & JINDALSTEL

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Morning Tea
06th Oct 2016
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Date: 2016.10.06 08:38:09 +05'30'