Tata Steel reported a consolidated net loss of Rs 3,183.07 crore for the April-June quarter of 2016, hurt by discontinued operations. Its total income declined 5.5% to Rs 26,542.83 crore. Technical analysis indicates the stock may further decline from current levels. Wipro entered a partnership with Vectra Networks to deliver automated threat hunting services. Technical analysis suggests buying Wipro in the range of Rs 477-480. Asian shares declined as oil prices fell on worries over a supply glut and doubts over central banks' ability to boost growth. The Indian market is expected to open gap down tracking Asian indices.

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Global View
India Update
Today’s Event/ Stock in News
Country’sleadingsteelmakerTataSteelLtdonMondayreportedthatitsconsolidatednetlosswidenedoverten-foldtoRs3,183.07croreinthe
April-Junequarter of 2016, hurtby discontinued operations. Further,its consolidated total income too declined by 5.5 per cent toRs 26,542.83
croreduringtheJune quarter of2016,as compared to Rs28,087.38 croreduringthesameperiodlastyear.“Loss fromdiscontinuedoperations
ofRs3,296crorerecognisedonaccountofdivestmentofLongSteelUKLtd.Thesalewascompletedduringthequarter,”thecompanysaidina
statement.
Technical Outlook: On daily chart, stock has formed long bearish candlestick with above average volume, which indicates for accentuated
selling pressure from the top level. Moreover, stock has managed to close below its 21 day moving average which is placed at 381.20 level,
which shows thatnear term trend is down and stock mayfurtherplunge from the present level. A momentum indicator RSIreading is at47.90
level withnegativecrossoverwhich pointoutfornegative breathin thestock.So fortrading perspective,onecouldSellin therangeof 373-375
forTargetof365withSLof379.
TATASTEEL
WIPRO
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Morning Tea
14th Sep 2016
Buy in range of 477-480 for Target of 490 with SL of 472
Sell in range of 373-375 for Target of 365 with SL of 379
Country’sthirdlargestsoftwareexporterWiproLtdonMondaysaidithasenteredintoapartnershipwithVectraNetworks,aSiliconValley-
based cyber security company. “Wipro and Vectra Networks partner to deliver automated 'Threat Hunting as- a- Service',” the company
said in a filing to the Bombay Stock Exchange on September 12, 2016. Vectra provides automated threat management solutions for real-
time detection of in-progress cyber-attacks. Wipro will leverage the Vectra automated threat management platform built with artificial
intelligence-based on machine learning and behavioral analytics to detect attacker behaviors and user anomalies in the network, the
companysaidinastatement.
Technical Outlook: On daily chart, after a decent fall from 560 level, stock has managed to sustain near to its strong support of 470
level fromwhere bounce back canbe seen. Amomentum indicator RSI reading is at 30.20 levelwithpositive crossover, whichpoint
outforpositivebreathinthestock.Sofor tradingperspective,onecouldBuyinrangeof477-480forTargetof490withSLof472.
Asian shares wallowed near six-week lows onWednesday, bruised by a fall inoil prices onrenewed worries about a supply glut and
as investors grew nervous about the diminishing capacity of the world's major central banks to shore up economic growth. MSCI's
broadest index of Asia-Pacific shares outside Japan fell 0.3 percent in early trade, extending its decline since late last week to 4.4
percent, while Japan's Nikkei dropped 0.7 percent. The Indian equity market is expected to open gap down today tracking Asian
indices.SGXNiftyistradingat8754.50downby20.50points.
USstocksfellsharplyonTuesday,withenergysharesslammedbyloweroilpricesandfinancialsdroppingondiminishedprospectsof
a near-term rate hike. The selloff was broad, with all 10 major S&P 500 sectors in the red and every Dow Jones industrial average
component except Apple declining. The energy index's 2.86-percent slide led declines as oil prices tumbled as much as 3 percent
after both the IEA and OPEC said the global crude glut would persist. Three US Federal Reserve officials on Monday took a dovish
stance on interest rates, in contrast to more aggressive comments from other officials in the past two weeks. The Dow Jones
industrialaveragefell1.41percenttoendat18,066.75pointsandtheS&P500lost1.48percentto2,127.02.TheNasdaqComposite
dropped1.09percentto5,155.26.

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Morning Tea
14th Sep 2016
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GOCL Corporation Limited; Annual General Meeting/Dividend - Rs 1.50 Per Share
Hindustan Petroleum Corporation Limited; Bonus 2:1
Hitech Plast Limited; Annual General Meeting / Dividend - Re 0.90/- Per Share
Delta Corp Limited; Annual General Meeting/Dividend Re 0.20 Per Share
Sunil Hitech Engineers Limited; Annual General Meeting/ Dividend - Rs 1.50 Per Share
Minda Corporation Limited; Annual General Meeting / Dividend Re 0.30/- Per Share
Bharat Heavy Electricals Limited; Annual General Meeting/Dividend - Re 0.40/- Per Share
PTC India Financial Services Limited; Annual General Meeting/Dividend - Rs 1.20 Per Share
Symphony Limited; Bonus 1:1
SJVN Limited; Annual General Meeting/Dividend - Re 0.47 Per Share
TD Power Systems Limited; Annual General Meeting/Dividend - Rs 3.05/- Per Share
Balmer Lawrie & Company Limited; Dividend Rs 20/- Per Share
Gujarat State Petronet Limited; Annual General Meeting/Dividend - Rs 1.50 Per Share
Deep Industries Limited; Annual General Meeting/ Dividend -Rs 1.50/- Per Share
Repco Home Finance Limited; Dividend - Rs 1.80 Per Share
Vadilal Industries Limited; Annual General Meeting/ Dividend - Rs 1.25 Per Share
Agarwal Industrial Corporation Limited; Annual General Meeting/Dividend - Rs 1.50 Per Share
Superhouse Limited; Annual General Meeting And Dividend Rs.1.50 Per Share
PTC India Limited; Annual General Meeting/Dividend-Rs 2.50 Per Share
Result Calendar:
A2ZINFRA, ADHUNIK, ADVNCMIC, AIML, ANANTRAJ, APCL, ASHIANA, BEML, BI, BSLIMITED, CESC,
DBREALTY, DEN, EDUCOMP, ESSDEE, FCSSOFT, FMNL, GANESHHOUC, GMRINFRA, GUJNRECOKE,
HINDDORROL, IOSYSTEM, IVRCLINFRA, JINDRILL, KOTHARIPRO, KREBSBIO, KSCL, KWALITY, MAHSEAMLES,
MANDHANA, MARATHON, MMTC, MONNETISPA, NBCC, NCCBLUE, OISL, OPTOCIRCUI, ORISSAMINE,
PANIDPR, PATELENG, PICTUREHS, PRESTIGE, PROVOGE, PVP, RCOM, REIAGROLTD, RICHAIND, RMMIL,
ROLTA, RTNINFRA, RTNPOWER, SHRENUJ, SITASHREE, SRSLTD, STARLOG, STERLINBIO, SUCHTRD,
SUJANATWR, SUNTECK, SUPREMEINF, SURANAIND, SWARNSAR, TYPHOON, UNITECH, VIKASWSP,
WELENT, YANTRA.
Corporate Action / Result Calendar
Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 12/9/2016 512499 SHALPRO KALPESH DINESHBHAI PATEL B 9984818 0.51
2 12/9/2016 524037 RAMAPHO LAJWANTI RAMSINGHANI DAULAT S 937691 61.00
3 12/9/2016 524037 RAMAPHO JUPITER CORPORATE SERVICES PRIVATE LIMITED B 937691 61.00
4 12/9/2016 526544 SCANPGEOM RAJESH CHANDUBHAI THAKKAR B 200000 21.06
5 12/9/2016 526544 SCANPGEOM KARNAVATI INFRASTRUCTURE PROJECTS LTD S 200000 21.05
6 12/9/2016 517554 NHCFOODS AMIT GAUTAM KAWDE S 183429 19.93
7 12/9/2016 517554 NHCFOODS AMIT GAUTAM KAWDE B 183429 20.40
7 12/9/2016 539141 UFO WELL MGT CO LLPA/C THE WTCNAMCOMTRFDSTRSTEMERMKTSLOCALEQPORTS 170920 425.09
7 12/9/2016 539040 TTIL HARDASBHAI BABUBHAI PATEL S 124742 46.63
7 12/9/2016 531569 SANJIVIN KANTA SURESH JAIN S 119239 18.23
CENTURYTEX, DLF, HDIL, IBREALEST, JINDALSTEL, JISLJALEQS & RCOM

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Research Team
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
Morning Tea
14th Sep 2016
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity
Broking Pvt Ltd., ou=Research Dept,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2016.09.14 08:20:47 +05'30'