- US stocks closed mostly lower on Monday as Treasury yields spiked ahead of the upcoming Federal Reserve meeting. The Dow Jones industrial average gained slightly. Asian shares were cautious as investors awaited the Fed meeting for clues on US monetary policy. The Indian market is expected to open flat tracking Asian markets. - Key corporate actions included Lakshmi Machine Works announcing a buyback window, Glenmark Pharma launching a drug in the US, and ONGC getting shareholder approval for a bonus share issue. - Recommendations were given to buy TORNTPOWER with a target of Rs. 195 and sell M&MFIN with a target of Rs. 267.

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Morning Tea
13th Dec 2016
 US Market:
Stocks closed mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal
Reserve meeting. The Dow Jones industrial average gained about 40 points, closing at a new record high, with Johnson &
Johnson contributing the most gains. The S&P 500 fell 0.1 percent, after briefly hitting an all-time high, with a 0.9
percent decline in financials offsetting gains in telecommunications. The Nasdaq composite underperformed, falling 0.6
percent. The benchmark 10-year note yield rose to 2.477 percent, after hitting its highest level since 2014. The two-year
note yield, meanwhile, advanced to 1.145 percent. The Dow Jones industrial average rose 39.58 points, or 0.2 percent,
to close at 19,796.43, the S&P 500 fell 2.57 points, or 0.11 percent, to end at 2,256.96 and the Nasdaq composite
dropped 31.96 points, or 0.59 percent, to close at 5,412.54.
 Asian Market:
Asian shares were on tenterhooks on Tuesday as investors awaited the Federal Reserve's meeting that begins later in
session for clues on the outlook for US monetary policy, while crude oil prices pulled back after their surge to 18-month
highs. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent in early trade, while Japan's
Nikkei stock index slid 0.5 percent as the dollar came off highs against the yen. The Fed is widely expected to hike
interest rates for the first time in 2016 at a two-day meeting, with markets pricing in a nearly 100 percent chance of a
quarter percentage point increase to the Fed's target range of 0.25 to 0.50 percent. The Indian equity market is
expected to open flat today tracking Asian indices. SGX Nifty is trading at 8192.50 Up by 9.50 points.
 Lakshmi Machine Works buyback window from 13 Dec to 26 Dec
 Glenmark Pharma launches Zetia in the US
 IRB Infra executed concession agreement with NHAI for 2 projects
 ONGC gets Shareholder Nod For 1:2 Bonus Share Issue
 RBI: Not Initiated Any Action To Cancel Banking Licence Of Axis Bank
 TORNTPOWER Buy in range of 186.50-188 for Target of 195 with SL of 183
On daily chart, stock has formed long bullish candlestick with above average volume which indicates accentuated
buying activity during last trading sessions. Moreover, stock has been trading above its 50 day moving average
which is placed at 174.90 level which shows that near to medium term trend is up. A momentum indicator RSI
reading is at 67.60 level with positive crossover which point out for positive breath in the stock. So for trading
perspective, one could Buy in range of 186.50-188 for Target of 195 with SL of 183.
 M&MFIN Sell in range of 277-279 for Target of 267 with SL of 286
On daily chart, stock has formed evening doji star candlestick which is a bearish reversal indication and indicates for
downside movement. Moreover, stock has given close below its 21 day moving average which is placed at 326.90
level which shows that near term trend has changed to down. A momentum indicator RSI reading is at 35.58 level
and about to make negative crossover which point out for negative breath in the stock. So for trading perspective,
one could Sell in range of 277-279 for Target of 267 with SL of 286.
Stock in News
Global Update
As per Yester’s
Morning Tea,
SNOWMAN Up by 2.94%
As per Yester’s
Morning Tea,
AJANTAPHARM Down by 3.12%

2. KNR Constructions Limited; Fv Splt Frm Rs 10 To Rs 2
Result Calendar:
ALOKTEXT, AMTEKAUTO, ASTAR, BAJAJHIND, BRFL, CASTEXTECH, COALINDIA, DEN, ESSARSHPNG,
HDIL, HINDCOPPER, KSCL, KSK, METALFORGE, MFLINDIA, NOIDATOLL, OMAXE, PRATIBHA,
PRISMCEM, PROVOGE, RAMKY, SANDESH, SHREERAMA, STEERINTER, VASCONEQ.
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
13th Dec 2016
Corporate Action / Result Calendar
IBREALEST & JINDALSTEL
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 12/12/2016 512175 VAMA G K PROPERTIES PRIVATE LIMITED B 567781 22.12
2 12/12/2016 512175 VAMA NITIN SIDDAMSETTY S 550000 22.13
3 12/12/2016 540205 AVL GUINESS SECURITIES LIMITED B 440000 15.24
4 12/12/2016 534731 BITL BAKUL KALABHAI KABIRA S 195744 1.62
5 12/12/2016 501848 GLOBOFFS INDIASTAR (MAURITIUS) LIMITED S 173000 97.94
6 12/12/2016 532410 TRANSCOR HITESH RAMJI JAVERI S 160399 17.20
7 12/12/2016 526544 SCANPGEOM PEANENCE COMMERCIAL PRIVATE LIMITED S 154400 15.95
7 12/12/2016 534756 TARAJEWELS ADJUVANT TECHNOLOGIES PRIVATE LIMITED . S 131879 40.63
7 12/12/2016 534756 TARAJEWELS ADJUVANT TECHNOLOGIES PRIVATE LIMITED . B 131879 40.97
7 12/12/2016 519287 MODAIRY BALAJI INVESTMENTS S 125392 11.65
Security in Ban
Bulk Deal

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Morning Tea
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Mr. Sumeet Bagadia Associate Director
Kkunal Parar Sr. Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
www.choicebroking.incustomercare@choiceindia.com
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Instrument (s): - No.
13th Dec 2016
Kkunal Parar
Digitally signed by Kkunal Parar
DN: cn=Kkunal Parar, o=Choice Equity Broking
Pvt Ltd., ou=Research Dept.,
email=kkunal.parar@choiceindia.com, c=IN
Date: 2016.12.13 08:32:47 +05'30'