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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
Nifty futures/Bank Nifty futures market closed on 7978.70 / 17500.20. According to technical analysis if Nifty
futures and Bank Nifty future moves up-word in tomorrow treading session then 8065 will be small resistance for
Nifty futures and at the same time 17820 will be small Resistance for Bank Nifty futures, if it break this level then
then Nifty futures can touch 8139 level and Bank Nifty futures can touch 18725 level in next few days. It will be
hard resistance for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 7887 for
Nifty futures and 17105 is for Bank Nifty futures after breaking this support with volume there is big support for
Nifty futures on 7747 and 16457 for Bank Nifty futures.
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
PIVOT POINT NIFTY
DAILY R2 R1 PP S1 S2
8175 8031 7968 7905 7779
WEEKLY R2 R1 PP S1 S2
8697 8247 8022 7797 7347
MONTHLY R2 R1 PP S1 S2
9790 8684 8131 7578 6472
PIVOT POINT BANK NIFTY
DAILY R2 R1 PP S1 S2
18453 17730 17369 17008 16285
WEEKLY R2 R1 PP S1 S2
19463 18139 17477 16815 15791
MONTHLY R2 R1 PP S1 S2
23027 19565 17833 16102 12640
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 8252 8362 8555 8376
BANK NIFTY 18072 18181 18718 17968
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 8627 9698 9697
BANK NIFTY 18256 19298 20923
NSE EQUITY DAILY LEVELS
COMPANY NAME R3 R2 R1 PP S1 S2 S3
ACC EQ 1456 1424 1409 1392 1377 1360 1328
ALBK EQ 94 92 91 90 89 88 86
AMBUJACEM EQ 231 224 220 217 213 210 204
ASIAN PAINT EQ 752 731 719 710 698 689 669
AXISBANK EQ 566 556 551 546 541 536 526
BAJAJ-AUTO EQ 2448 2353 2313 2257 2218 2161 2066
BANKBARODA EQ 154 150 148 146 144 142 139
BANKINDIA EQ 179 176 174 172 170 168 165
BHEL EQ 255 250 247 244 242 239 234
BHARTIARTL EQ 424 417 415 411 409 405 398
CIPLA EQ 607 593 586 579 572 565 550
COALINDIA EQ 411 404 400 396 392 389 382
DLF EQ 116 111 109 106 104 102 97
DRREDDY EQ 3392 3356 3336 3320 3300 3284 3248
GAIL EQ 409 402 398 394 391 386 379
GRASIM EQ 3461 3406 3383 3351 3328 3297 3242
HCLTECH EQ 956 925 906 894 875 863 832
HDFC EQ 1254 1217 1204 1180 1167 1143 1106
HDFCBANK EQ 1028 1013 1007 998 993 984 969
HEROMOTOCO EQ 2583 2543 2521 2502 2481 2462 2422
HINDALCO EQ 123 120 118 117 115 114 111
HINDUNILVR EQ 836 825 819 815 809 804 793
ICICIBANK EQ 305 298 295 291 288 284 277
ITC EQ 308 303 300 297 295 292 287
INDUSIND BANK EQ 841 819 810 797 788 775 753
INFY EQ 2117 2049 2006 1982 1938 1914 1847
JINDALSTEL EQ 101 97 95 93 91 89 85
KOTAKBANK EQ 1355 1320 1307 1285 1272 1250 1216
LT EQ 1728 1695 1674 1662 1641 1629 1595
M&M EQ 1222 1205 1198 1187 1180 1169 1151
MRF EQ 33304 32514 32088 31724 31298 30934 30144
MARUTI EQ 3788 3751 3733 3714 3695 3676 3639
ONGC EQ 307 304 303 301 300 298 295
ORIENTBANK EQ 183 178 175 173 170 168 163
RCOM EQ 61 59 58 57 56 55 53
RELCAPITAL EQ 359 351 347 344 339 336 328
RELIANCE EQ 915 901 895 886 880 872 857
RELINFRA EQ 380 369 362 358 351 347 336
RPOWER EQ 47 46 45 44 43 42 41
SBIN EQ 260 257 255 253 251 249 246
SSLT( VEDL) EQ 195 189 186 183 180 178 172
SUNPHARMA EQ 850 832 823 815 8025 797 780
TATAMOTORS EQ 446 434 426 422 414 409 397
TATAPOWER EQ 77 74 73 71 70 68 65
TATASTEEL EQ 310 304 300 297 293 290 283
UNIONBANK EQ 152 147 145 143 141 138 134
TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )
1. ICICI BANK ( BULLISH ) - The way the moving averages from the hourly chart is
indicating. Our expectation that probably Rs 10-12 jump could be seen on the stock. It is
favorable to go long on ICICI Bank keeping a risk reward 1:2 and stop loss at Rs 282.
2. VOLTAS ( BULLISH ) - The stock is above 200 day moving average. If we are looking at
the price pattern it is forming a bullish pattern on the daily chart.According technical analysis
Rs 360 could be a possible short-term target with stop loss of near to Rs 320
3. ALBK ( BULLISH) - According to technical analysis if ALBK moves up-word in
tomorrow treading session then It can touch level of 99.65. Traders can long in ALBK with
stop loss of 87.
SR.N
O
SCRIPT NAME PREV
CLOSE
CMP % CHANG
1 ESSAR OIL LTD 100.55 139.65 +38.89
2 CHENNAI PETRO 104.30 134.15 +28.34
3 LT FOODS LTD 124.40 153.15 +20.21
4 BEML LTD 1061.35 1241.95 +17.02
5 EROS
INTERNATIONAL
427.75 499.15 +16.69
6 TIL LTD 494.55 563.35 +13.91
7 BHUSHAN STEEL 51.15 57.65 +12.71
8 HOTAL LEELA VEN. 17.15 19.30 +12.54
9 DISH TV 97.05 105.80 +9.02
10 BAJAJ ELECTRICAL 271.75 294.05 +8.21
11 BAJAJ FINANCE LTD 4324.85 4676.45 +8.03
12 PUNJAB CHEMICALS 204.80 221 +7.91
13 JUBILIANT INDU. 137.40 148.10 +7.79
14 RAJESH EXPORTS 221.40 237.55 +7.29
15 TORRENT PHARMA 1203.60 1280.60 +6.40
SR.NO SCRIPT
NAME
PREV
CLOSE
CMP % CHANG
1 FINEOTEX
CHEMICAL
157.95 33.25 -78.95
2 SE INVESTMENTS 252.35 197.75 -21.65
3 SUN TV
NETWORKS
349.45 287 -17.87
4 JP ASSOCOATES 13.05 10.75 -17.62
5 JET AIRWAYS 319.80 264.45 -17.31
6 ADANI
ENTERPRISES
109.75 93.95 -14.40
7 JP INFRA LTD 13.95 11.95 -14.34
8 IFB INDUSTRIES 509.80 437.75 -14.13
9 FUTURE
LIFESYTLE
78.50 68 -13.38
10 ABAN OFFSHORE 348.75 303.25 -13.05
11 SYMPHONY 2405.70 2098.80 -12.76
12 INDIABILLS REAL
ESTA
50.60 44.15 -12.75
13 UNITECH LTD 8.65 7.55 -12.72
14 JK TYRE & INDU. 99.20 87.20 -12.10
15 PNB 149.85 131.90 -11.98
CURRENCY MARKET
USDINR R2 R1 PP S1 S2
DAILY 64.969 64.469 64.219 63.969 63.469
WEEKLY R2 R1 PP S1 S2
65.720 64.715 64.213 63.710 62.705
MONTHLY R2 R1 PP S1 S2
66.110 64.870 64.250 63.630 63.390
EURINR R2 R1 PP S1 S2
DAILY 74.018 72.658 71.978 71.298 69.938
WEEKLY R2 R1 PP S1 S2
76.911 73.641 72.006 70.371 67.101
MONTHLY R2 R1 PP S1 S2
82.196 75.136 71.606 68.076 61.016
JPYINR R2 R1 PP S1 S2
DAILY 52.600 52.180 51.970 51.760 51.340
WEEKLY R2 R1 PP S1 S2
55.257 52.967 51.822 50.677 48.387
MONTHLY R2 R1 PP S1 S2
55.292 53.0025 51.8575 50.3825 48.422
GBPINR R2 R1 PP S1 S2
DAILY 100.349 99.789 99.509 99.229 98.669
WEEKLY R2 R1 PP S1 S2
104.462 100.817 98.995 97.172 93.527
MONTHLY R2 R1 PP S1 S2
107.397 101.797 98.997 96.197 90.597
NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
✍ ONGC plans to invest Rs 41,678 crore - Oil and Natural Gas Corp is planning to invest Rs
41,678 crore for bringing to production newer oil and gas fields and redeveloping ageing fields,
according to reports.A report said that company produced 25.94 million tonnes of crude oil and
23.52 billion cubic meters of gas in 2014-15. The company will invest Rs 24,188 crore in
development of six projects both on the east and west coast and another Rs 17,490 crore will be
spent on redeveloping its prime Mumbai High fields, says report.According to reports, the
company will also invest Rs 6,086 crore in western offshore Daman field development to
produce 27.67 billion cubic meters (bcm) of gas by 2034-35
✍ Reliance Power stock flat after signing MoU - Reliance Power is trading on a positive
note in early morning deals on the BSE, after the company signed a new MoU. According to a
release issued by the company to the BSE Reliance Power on Saturday signed a Memorandum
of Understanding (MoU) with government of Bangladesh to develop 3,000 MW of power
capacity. So far, the stock has touched a high at Rs. 46.40, and is now up nearly a percent at Rs.
45. The counter has registered trades of around 476,000 shares as against the two-week daily
average volume of 1.4 million shares.
✍ Eros International stock zooms 14% - Shares of Eros International Media Ltd surged
14% to Rs. 504 after the company said that it has no plans to delist from the BSE and NSE and
has not started any process formal or informal with respect to this. The stock has hit a high of
Rs. 530 and a low of Rs. 452. The Group has no concrete plans to foray in Television market
and is currently focusing on its digital strategy. Furthermore, the Company is in control of its
own strategy and has all the shareholder’s interests in mind while devising and executing the
same.
✍ Essar Oil gains on bargain buying - Essar Oil continues to trade near the highest level of
the day at Rs. 104 - with a surge of almost 3 percent at Rs. 102.60, on the BSE, on account of
bargain hunting after the stock tumbled nearly 6 percent in the preceding six trading
sessions.On the BSE, so far 35,000 shares have been traded at the counter as compared to its
two-week daily average volume of 50,000 shares.
✍ Indian Bank reduces base rate, BPLR by 30bps - Indian Bank has reduced the Base Rate
from 10.25% to 9.95% per annum and the Benchmark Prime Lending Rate (BPLR) by 30 basis
points from 14.50% to 14.20% per annum with effect from June 08, 201
✍ Federal Bank cuts rates on term deposits - Federal Bank has cut the Interest rates of
Resident Term Deposits from 18 June 2015.The interest rate on term deposits from 60 days to
less than 1 year have been cut from 4% per annum to 3.5%. The annual Interest rate for 1 year
deposit stands at 8.25% from 18 June 2015 as against 8.5% earlier. The interest rate for deposits
above 1 year to less than 2 years is now at 8.25% annually as against 8.4% earlier.
✍ ITC plans to invest Rs.8,000 crore - ITC is planning to invest Rs.8,000 crore in Telangana
to expand paper business, according to reports. Further details are awaited.
✍ Cairn India, Vedanta in focus - Cairn India and Vedanta are in focus following news
reports that the companies' boards are scheduled to meet this Sunday to discuss the
merger.According to reports, the Anil Agarwal group companies' boards will discuss the merger
plan and fix the merger ratio. The aim of the merger is to consolidate businesses and cut
debt.Vedanta has spurted over a percent to Rs. 187, while Cairn India has slipped 1.5 percent to
Rs. 182.
✍ Torrent Power soars on shareholders nod for amalgamation - Torrent Power has soared
4 percent to a high of Rs. 152 on receiving shareholders nod for the planned amalgamation of
group companies.According to a release issued by the company to the BSE, Torrent Power
shareholders have approved the amalgamation of Torrent Energy and Torrent Cables with
itself.The stock is currently trading at the highest point of the day, with trades of around 46,000
shares in the first few minutes on the BSE.
✍ TVS Motor stock surges on receiving new patent - Shares of TVS Motor Company were
higher by 2% at Rs. 228 on reports that the company has bagged a patent for technology related
to three-wheeler engines.The stock has hit a high of Rs. 230 and a low of Rs. 225.Total traded
quantity on the counter stood at over 0.86 lk shares.
✍ TCS is the largest dividend payer in FY15 - Tata Consultancy Services (TCS) is the
largest dividend payer in India Inc this year.A report says that Tata Group company paid a
dividend of Rs 15,474 crore to shareholders in FY15.While Coal India cut its dividend payout
by 28.6% to Rs 13,075 crore ONGC's payout remained same at~ Rs 8,128 crore.In year
1995-96, Reliance Industries was the biggest payer, ahead of ONGC and Steel Authority of
India (SAIL).
✍ Chennai Petro at fresh 52-week high - Chennai Petroleum Corporation extended gains in
early morning trades after releasing its events calendar recently.According to the company's
events calendar, the company by way of postal ballot has sought shareholders nod for
increasing borrowing limit up to Rs. 8,000 crore, to raise funds by way of issue of bonds by Rs.
3,000 crore on private placement basis and/ or to mortgage moveable /immoveable
properties.The postal ballot is supposed to get over by 15 July, 2015, and the results will be
announced by 15 August, 2015.The stock was locked at the 20 percent upper circuit at Rs. 125,
and zoomed another 14 percent to hit a fresh 52-week high of Rs. 142.The stock is now up 7
percent at Rs. 134. The counter has seen trades of around 1.53 million shares so far on the BSE
as against the two-week daily average volume of around 263,000 shares.
✍ Essar Oil zooms on heavy volume - Essar Oil is trading on a stellar note, in an otherwise
subdued market, on the back of renewed buying interest at the counter.The BSE counter so far
has registered trades of around 1 million shares, as against two-week daily average volume of
31,000 shares.So far, the stock has zoomed 17.8 percent to hit a high at Rs. 123 and is now up
12.5 percent at Rs. 118.
✍ Ashok Leyland slips 3% - Shares of Ashok Leyland Ltd were trading lower 3% at Rs.
65.40 on seeking shareholder nod to issue NCDs up to Rs.300 cr on private placement basis.
The stock opened at Rs. 68 as against the previous close of Rs. 67.40 on BSE. It has hit a high
of Rs. 68.30 and a low of Rs. 65.80 on BSE today.Total traded quantity on the counter stood at
over 8.22 lk shares on BSE.
✍ Bajaj Electricals bags new orders worth Rs. 84.54 crore - Shares of Bajaj Electricals
Ltd were trading higher 1.4% at Rs. 283.20 on BSE today. The company has bagged 3 new
orders from Odisha Power Transmission Corporation Ltd worth Rs. 84.54 crore. The stock
opened at Rs. 284 as against the previous close of Rs. 279.25 on BSE. It has hit a high of Rs.
291.35 and a low of Rs. 281.10 on BSE today.Total traded quantity on the counter stood at over
1.05 lk shares on BSE.
✍ RIL gains ahead of AGM - Reliance Industries (RIL) is trading on a positive note ahead of
41st annual general meeting AGM later in the day.The street is expecting RIL to unveil details
for the 4G launch by its telecom venture Reliance Jio Infocomm. And also RIL's strategy on
expanding its fuel outlet network and expectations of earnings from its expanded petrochemical
capacity will also be watched.The stock is now up 1.3 percent at Rs. 881. The BSE counter has
registered trades of around 67,000 shares, when compared with two-week daily average volume
of 378,000 shares.
✍ BHEL gains on Shrinagar HEP unit - BHEL has bounced back into the positive zone and
jumped to a high of Rs. 247, from an early morning low of Rs. 242 - up over 2 percent in
intra-day deals on successfully commissioning the Shrinagar unit in Uttarakhand. According to
a release issued by the company to the BSE, the company by successfully commissioning the
fourth unit of 82.5 MW, has commissioned the 330 MW Shrinagar Hydro Electric Project
(HEP) in Uttarakhand.The all four units of this project have been commissioned in quick
succession of just 60 days, the release added.The stock is now up over a percent at Rs. 246. The
counter has seen trades of around 46,000 shares as against the two-week daily average volume
of around 450,000 shares on the BSE.
✍ Suzlon gains after HSBC lifts rating - Suzlon Energy continues to trade on a firm note on
the BSE, after media reported that HSBC has raised its rating to 'Buy' from 'Hold' and also
raised its target price by 6.3 percent to Rs. 30 per share.Now, the stock is trading at the highest
level of the day - with a jump of around 3 percent to Rs. 21.85.So far 3.4 million shares have
changed hands at the counter, as against the daily average volume of 8.6 million shares in the
past two weeks.
✍ Bharti Airtel wins MCG contract to launch Wi-Fi services in Gurgaon - Bharti Airtel
Limited (“Bharti Airtel”), a leading global telecommunications company with operations in 20
countries across Asia and Africa, today announced that it has won the mandate for the launch of
Wi-Fi services in Gurgaon from the Municipal Corporation of Gurgaon (MCG). With this,
Airtel has become the preferred partner to provide residents of the Millennium City an
opportunity to connect to world-class internet experiences on the move. Airtel will soon roll-out
the Wi-Fi services in MG Road, Sadar Bazaar, Sector 29, Sirhaul Village and Leisure Valley
Park providing residents with mobile internet at a speed of 2mbps.The Wi-Fi services will be an
open platform for mobile phones users with Wi-Fi compatible devices in these localities with a
daily quota limit of 30 minutes per day per device. Post 30 minutes while users can continue to
use the Wi-Fi services, they will be charged a nominal amount and can also consume data from
their data packs. Users will also be able to buy online vouchers with affordable deals to
continue accessing the Wi-Fi services.
✍ Vacancies for MD & CEO at PSBs: Top panel headed by Raghuram Rajan to interview
potential candidates - Candidates from private sector banks have been shortlisted for next
week's interviews for the post of CEO and MD at five large banks, according to a media
report.The banks include PNB, BOB and Canara Bank. The tenure of the CEO & MD is three
years. Over 26 candidates are to appear for the interview on June 15 and 16, the report added.A
high level search panel headed by RBI Governor Raghuram Rajan will interview candidates,
they said.Among the 26 candidates, about 7 existing executive directors of the various public
sector banks have been shortlisted for the interview.Besides, executives from private sector
banks would appear for the interview. This is the first time when executives from private sector
banks would be part of the selection process for top jobs in Public Sector Banks.However, the
department did not find adequate number of candidates as per the eligibility criteria. So, it
relaxed the norms in April, the report added.
✍ Top Economy news
In a raft of changes to make it easier for businesses to operate in the country, the government
has relaxed norms for private companies including those pertaining to related party
transactions, acceptance of deposits and auditor appointments.
India's exports are likely to remain flat at USD 310.5 billion-level or may even fall this
financial year due to slow global demand for merchandise, Assocham has said.
RBI allowed banks to take control of debt-laden companies by converting loans into equity, if a
debt restructuring fails to revive them within a stipulated timeframe.
India may not be able to export dairy products to Russia due to stiff conditions set by the latter,
including that interested companies should possess at least 1,000 milking animals.
Jharkhand government has decided to invest Rs.3bn in the current fiscal to develop road
connectivity in the state.
Union Home Minister Rajnath Singh said the Centre has approved construction of a 100-km
long ring road, costing over Rs30bn, to decongest the expanding state capital.
Union Railway Minister Suresh Prabhu has said that the Government will invest Rs8,500bn
over the next five years to develop the nation's railway services.
The country’s current account deficit (CAD) narrowed sharply to USD1.3bn, or 0.2% of GDP,
in the fourth quarter of the last financial year on a sequential basis mainly on account of a lower
trade gap. The same shrank to 1.3% of GDP for full financial year 2014-15.
The government approved Rs47bn highways projects in Madhya Pradesh and Telangana under
its flagship highways building programme NHDP.
Data for the first two months of the financial year show a sharp fall in demand for new
scooters, indicating a possible slowdown now creeping into urban and semi-urban markets.
Data from SIAM shows scooter sales growth declined sharply to under 4% in April and May, at
708,825 units. In the same period last year, the segment had growth of 25%.
Global prices of pulses have gone up by about 30% to 40% during last two to three months due
to fear of drought in India, the largest importer and consumer of the vegetarian source of
protein.
The Cabinet Committee on Economic Affairs (CCEA) approved two road projects, one in
Madhya Pradesh and another in Telangana. The projects will be executed under the flagship
road building programme National Highways Development Project (NHDP) at a cost of
Rs47.21bn.
Top corporate news
Idea Cellular has hiked mobile data rates by up to 100% for pre-paid customers in the NCR
region.
Aditya Birla Nuvo announced a joint venture with a leading South African financial services
firm MMI Holdings Ltd., to foray into the health insurance and wellness business in India.
Britannia Industries has expanded its premium biscuit offerings by launching premium
chocolate centre filled biscuit - Pure Magic Choco Lush. Choco Lush contains 40% chocolate.
United Breweries (Holdings) Ltd is seeking shareholders nod for its plans to earmark up to
Rs500mn for investment and loan purpose, including provision of an immediate loan of up to
Rs250mn to UB Engineering.
Sun Pharmaceutical said court convened meeting of its shareholders has approved the scheme
of amalgamation of Sun Pharma Global Inc with itself.
Tata Communications is expanding its recently launched Media Ecosystem globally,
combining traditional video contribution services with IP-based connectivity to create a highly
innovative global media platform.
Reliance Power said it will invest USD3bn to set up a mega power plant and a floating LNG
import terminal in Bangladesh, which faces acute power shortages.
Power generating company NTPC has served notices to West Bengal, Bihar and Jharkhand
governments saying it will be forced to shut Farraka thermal power plant if law and order
situation is not maintained at the facility.
Workers of Tata Steel Europe are ready for an indefinite strike if the management does not
come forward for negotiations on its proposal to scrap the British Steel Pension Scheme.
Indian Oil Corporation plans to invest around Rs15bn in the Northeast to strengthen its
various divisions, including storage and retail, over the next three-four years.
Indian Oil Corp, nation's largest oil firm, plans to invest about Rs150bn in raising capacity at
its Panipat refinery in Haryana by 34% to 20.2 million tonnes (MT) by 2020.
Infosys expects acquisitions to bring in additional revenues of about USD1.5bn as the IT
services behemoth aims to achieve an aspirational goal of USD20bn in topline by 2020.
ONGC will invest Rs416bn for bringing to production newer oil and gas fields and
redeveloping ageing fields as it looks to boost output.
Bharat Heavy Electricals Ltd (BHEL) said it has commissioned a 82.5-megawatt unit at
Shrinagar Hydro Electric Project in Uttarakhand.
Housing Development Finance Corp said its board has approved funding raising worth Rs.50
bn simultaneously by secured redeemable non-convertible debentures along with warrants.
Gujarat Alkalies and Chemicals Ltd announced that the company has initiated transportation
of caustic soda lye and other value-added liquid products from its Dahej plant through a
specially constructed pipeline to Dahej railway yard.
Rajesh Exports said that the company has bagged an export order worth Rs13bn from an
UAE-based company for gold and diamond studded jewellery.
Mahindra Holidays & Resorts, the country's leading leisure hospitality provider, approved
increasing its stake in Finland-based Holiday Club Resorts, Oy, to about 88%. Last year
MHRIL had picked up 19% in the European company, which has 30 resorts in Finland, Sweden
and Spain, through its wholly-owned subsidiary Covington Sarl, Luxembourg.
Coal India is likely to increase its production by over 60 million tonne in the current financial
year since it recently acquired 2,000 hectares and also received 41 mine clearances. Consequent
to this, its subsidiary Western Coalfields will be opening one new mine every month for the
next two years.
BEML, a defence public sector undertaking, has bagged an order worth Rs. 6.45bn from Delhi
Metro Rail Corporation (DMRC) for design, manufacture, supply, testing and commissioning
of 74 nos broad guage metro cars for their RS-13 project.
The patent office in India has decided to grant patent for automobile manufacturer TVS Motor
for an engine for a three wheeler, with a cooling system for the rear mounted liquid cooled
engine.
Vedanta (formerly known as Sesa Sterlite) is set to make an official announcement of its
merger deal with wholly-owned subsidiary Cairn India on June 14th. The deal will give
Vedanta access to Cairn India's cash and investments worth Rs160bn.
Larsen and Toubro, which is developing the Rs160bn Hyderabad Metro Rail project, said it
will develop the entire 18.5 million sq ft commercial space around the project in a phased
manner over the next ten years.
ICICI Bank country’s largest private sector lender is looking at raising Rs500bn through
private placement of securities including bonds and non-convertible debentures (NCDs).
Glenmark Pharmaceuticals has received final approval from the US health regulator for the
generic Calcipotriene cream used for the treatment of plaque psoriasis.
Nestle India said that it has approached the Bombay High Court to seek judicial review of the
orders passed by Food and Drug Administration in Maharashtra and the Food Safety and
Standards Authority of India.
Jagran Prakashan Ltd said it has completed the acquisition of Music Broadcast Pvt Ltd,
which operates the popular Radio City FM stations.
Future Retail plans to raise fresh funds of up to Rs15bn through non-convertible debentures
(NCDs) on private placement basis to replace high cost loans and to invest in brand building as
well as marketing.
Realty firm Unitech plans to raise about Rs.2 bn from private equity players to part finance its
ongoing housing projects as real estate market continues to remain sluggish.
NTPC said Talcher in Odisha will become a power hub with the PSU planning around 3,000
MW of capacity addition there.
Electrosteel Steels said it has received an indication for investment in the company from Tata
Group as well as from a Singapore-based financial investor.
FMCG major Hindustan Unilever Limited (HUL) has decided to recall its Chinese range of
'Knorr' instant noodles from the market pending product approval from the central food safety
regulator FSSAI.
This Document has been prepared by Ways2Capital (A Division of High Brow Market
Research Investment Advisory Pvt Ltd). The information, analysis and estimates contained
herein are based on Ways2Capital Equity/Commodities Research assessment and have been
obtained from sources believed to be reliable. This document is meant for the use of the
intended recipient only.
This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is
meant for general information only. Ways2Capital Equity/Commodities Research, its directors,
officers or employees shall not in any way to be responsible for the contents stated herein.
Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that
may arise from information, errors or omissions in this connection. This document is not to be
considered as an offer to sell or a solicitation to buy any securities or commodities.
All information, levels & recommendations provided above are given on the basis of technical
& fundamental research done by the panel of expert of Ways2Capital but we do not accept any
liability for errors of opinion. People surfing through the website have right to opt the product
services of their own choices.
Any investment in commodity market bears risk, company will not be liable for any loss done
on these recommendations. These levels do not necessarily indicate future price moment.
Company holds the right to alter the information without any further notice. Any browsing
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Ways2Capital equity report 15 june 2015

  • 1.
  • 2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) Nifty futures/Bank Nifty futures market closed on 7978.70 / 17500.20. According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 8065 will be small resistance for Nifty futures and at the same time 17820 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 8139 level and Bank Nifty futures can touch 18725 level in next few days. It will be hard resistance for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 7887 for Nifty futures and 17105 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty futures on 7747 and 16457 for Bank Nifty futures. TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) PIVOT POINT NIFTY DAILY R2 R1 PP S1 S2 8175 8031 7968 7905 7779 WEEKLY R2 R1 PP S1 S2 8697 8247 8022 7797 7347 MONTHLY R2 R1 PP S1 S2 9790 8684 8131 7578 6472 PIVOT POINT BANK NIFTY DAILY R2 R1 PP S1 S2 18453 17730 17369 17008 16285 WEEKLY R2 R1 PP S1 S2 19463 18139 17477 16815 15791 MONTHLY R2 R1 PP S1 S2 23027 19565 17833 16102 12640 MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS NIFTY 8252 8362 8555 8376 BANK NIFTY 18072 18181 18718 17968 PARABOLIC SAR DAILY WEEKLY MONTHLY NIFTY 8627 9698 9697 BANK NIFTY 18256 19298 20923
  • 3. NSE EQUITY DAILY LEVELS COMPANY NAME R3 R2 R1 PP S1 S2 S3 ACC EQ 1456 1424 1409 1392 1377 1360 1328 ALBK EQ 94 92 91 90 89 88 86 AMBUJACEM EQ 231 224 220 217 213 210 204 ASIAN PAINT EQ 752 731 719 710 698 689 669 AXISBANK EQ 566 556 551 546 541 536 526 BAJAJ-AUTO EQ 2448 2353 2313 2257 2218 2161 2066 BANKBARODA EQ 154 150 148 146 144 142 139 BANKINDIA EQ 179 176 174 172 170 168 165 BHEL EQ 255 250 247 244 242 239 234 BHARTIARTL EQ 424 417 415 411 409 405 398 CIPLA EQ 607 593 586 579 572 565 550 COALINDIA EQ 411 404 400 396 392 389 382 DLF EQ 116 111 109 106 104 102 97 DRREDDY EQ 3392 3356 3336 3320 3300 3284 3248 GAIL EQ 409 402 398 394 391 386 379 GRASIM EQ 3461 3406 3383 3351 3328 3297 3242 HCLTECH EQ 956 925 906 894 875 863 832 HDFC EQ 1254 1217 1204 1180 1167 1143 1106 HDFCBANK EQ 1028 1013 1007 998 993 984 969 HEROMOTOCO EQ 2583 2543 2521 2502 2481 2462 2422 HINDALCO EQ 123 120 118 117 115 114 111 HINDUNILVR EQ 836 825 819 815 809 804 793 ICICIBANK EQ 305 298 295 291 288 284 277 ITC EQ 308 303 300 297 295 292 287 INDUSIND BANK EQ 841 819 810 797 788 775 753 INFY EQ 2117 2049 2006 1982 1938 1914 1847 JINDALSTEL EQ 101 97 95 93 91 89 85 KOTAKBANK EQ 1355 1320 1307 1285 1272 1250 1216 LT EQ 1728 1695 1674 1662 1641 1629 1595 M&M EQ 1222 1205 1198 1187 1180 1169 1151 MRF EQ 33304 32514 32088 31724 31298 30934 30144 MARUTI EQ 3788 3751 3733 3714 3695 3676 3639 ONGC EQ 307 304 303 301 300 298 295 ORIENTBANK EQ 183 178 175 173 170 168 163 RCOM EQ 61 59 58 57 56 55 53 RELCAPITAL EQ 359 351 347 344 339 336 328 RELIANCE EQ 915 901 895 886 880 872 857 RELINFRA EQ 380 369 362 358 351 347 336 RPOWER EQ 47 46 45 44 43 42 41 SBIN EQ 260 257 255 253 251 249 246 SSLT( VEDL) EQ 195 189 186 183 180 178 172 SUNPHARMA EQ 850 832 823 815 8025 797 780 TATAMOTORS EQ 446 434 426 422 414 409 397 TATAPOWER EQ 77 74 73 71 70 68 65 TATASTEEL EQ 310 304 300 297 293 290 283 UNIONBANK EQ 152 147 145 143 141 138 134
  • 4. TOP 15 ACHIEVERS // TOP 15 LOOSERS NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION ) 1. ICICI BANK ( BULLISH ) - The way the moving averages from the hourly chart is indicating. Our expectation that probably Rs 10-12 jump could be seen on the stock. It is favorable to go long on ICICI Bank keeping a risk reward 1:2 and stop loss at Rs 282. 2. VOLTAS ( BULLISH ) - The stock is above 200 day moving average. If we are looking at the price pattern it is forming a bullish pattern on the daily chart.According technical analysis Rs 360 could be a possible short-term target with stop loss of near to Rs 320 3. ALBK ( BULLISH) - According to technical analysis if ALBK moves up-word in tomorrow treading session then It can touch level of 99.65. Traders can long in ALBK with stop loss of 87. SR.N O SCRIPT NAME PREV CLOSE CMP % CHANG 1 ESSAR OIL LTD 100.55 139.65 +38.89 2 CHENNAI PETRO 104.30 134.15 +28.34 3 LT FOODS LTD 124.40 153.15 +20.21 4 BEML LTD 1061.35 1241.95 +17.02 5 EROS INTERNATIONAL 427.75 499.15 +16.69 6 TIL LTD 494.55 563.35 +13.91 7 BHUSHAN STEEL 51.15 57.65 +12.71 8 HOTAL LEELA VEN. 17.15 19.30 +12.54 9 DISH TV 97.05 105.80 +9.02 10 BAJAJ ELECTRICAL 271.75 294.05 +8.21 11 BAJAJ FINANCE LTD 4324.85 4676.45 +8.03 12 PUNJAB CHEMICALS 204.80 221 +7.91 13 JUBILIANT INDU. 137.40 148.10 +7.79 14 RAJESH EXPORTS 221.40 237.55 +7.29 15 TORRENT PHARMA 1203.60 1280.60 +6.40 SR.NO SCRIPT NAME PREV CLOSE CMP % CHANG 1 FINEOTEX CHEMICAL 157.95 33.25 -78.95 2 SE INVESTMENTS 252.35 197.75 -21.65 3 SUN TV NETWORKS 349.45 287 -17.87 4 JP ASSOCOATES 13.05 10.75 -17.62 5 JET AIRWAYS 319.80 264.45 -17.31 6 ADANI ENTERPRISES 109.75 93.95 -14.40 7 JP INFRA LTD 13.95 11.95 -14.34 8 IFB INDUSTRIES 509.80 437.75 -14.13 9 FUTURE LIFESYTLE 78.50 68 -13.38 10 ABAN OFFSHORE 348.75 303.25 -13.05 11 SYMPHONY 2405.70 2098.80 -12.76 12 INDIABILLS REAL ESTA 50.60 44.15 -12.75 13 UNITECH LTD 8.65 7.55 -12.72 14 JK TYRE & INDU. 99.20 87.20 -12.10 15 PNB 149.85 131.90 -11.98
  • 5. CURRENCY MARKET USDINR R2 R1 PP S1 S2 DAILY 64.969 64.469 64.219 63.969 63.469 WEEKLY R2 R1 PP S1 S2 65.720 64.715 64.213 63.710 62.705 MONTHLY R2 R1 PP S1 S2 66.110 64.870 64.250 63.630 63.390 EURINR R2 R1 PP S1 S2 DAILY 74.018 72.658 71.978 71.298 69.938 WEEKLY R2 R1 PP S1 S2 76.911 73.641 72.006 70.371 67.101 MONTHLY R2 R1 PP S1 S2 82.196 75.136 71.606 68.076 61.016 JPYINR R2 R1 PP S1 S2 DAILY 52.600 52.180 51.970 51.760 51.340 WEEKLY R2 R1 PP S1 S2 55.257 52.967 51.822 50.677 48.387 MONTHLY R2 R1 PP S1 S2 55.292 53.0025 51.8575 50.3825 48.422 GBPINR R2 R1 PP S1 S2 DAILY 100.349 99.789 99.509 99.229 98.669 WEEKLY R2 R1 PP S1 S2 104.462 100.817 98.995 97.172 93.527 MONTHLY R2 R1 PP S1 S2 107.397 101.797 98.997 96.197 90.597
  • 6. NSE - WEEKLY NEWS LETTERS TOP NEWS OF THE WEEK ✍ ONGC plans to invest Rs 41,678 crore - Oil and Natural Gas Corp is planning to invest Rs 41,678 crore for bringing to production newer oil and gas fields and redeveloping ageing fields, according to reports.A report said that company produced 25.94 million tonnes of crude oil and 23.52 billion cubic meters of gas in 2014-15. The company will invest Rs 24,188 crore in development of six projects both on the east and west coast and another Rs 17,490 crore will be spent on redeveloping its prime Mumbai High fields, says report.According to reports, the company will also invest Rs 6,086 crore in western offshore Daman field development to produce 27.67 billion cubic meters (bcm) of gas by 2034-35 ✍ Reliance Power stock flat after signing MoU - Reliance Power is trading on a positive note in early morning deals on the BSE, after the company signed a new MoU. According to a release issued by the company to the BSE Reliance Power on Saturday signed a Memorandum of Understanding (MoU) with government of Bangladesh to develop 3,000 MW of power capacity. So far, the stock has touched a high at Rs. 46.40, and is now up nearly a percent at Rs. 45. The counter has registered trades of around 476,000 shares as against the two-week daily average volume of 1.4 million shares. ✍ Eros International stock zooms 14% - Shares of Eros International Media Ltd surged 14% to Rs. 504 after the company said that it has no plans to delist from the BSE and NSE and has not started any process formal or informal with respect to this. The stock has hit a high of Rs. 530 and a low of Rs. 452. The Group has no concrete plans to foray in Television market and is currently focusing on its digital strategy. Furthermore, the Company is in control of its own strategy and has all the shareholder’s interests in mind while devising and executing the same. ✍ Essar Oil gains on bargain buying - Essar Oil continues to trade near the highest level of the day at Rs. 104 - with a surge of almost 3 percent at Rs. 102.60, on the BSE, on account of bargain hunting after the stock tumbled nearly 6 percent in the preceding six trading sessions.On the BSE, so far 35,000 shares have been traded at the counter as compared to its two-week daily average volume of 50,000 shares. ✍ Indian Bank reduces base rate, BPLR by 30bps - Indian Bank has reduced the Base Rate from 10.25% to 9.95% per annum and the Benchmark Prime Lending Rate (BPLR) by 30 basis points from 14.50% to 14.20% per annum with effect from June 08, 201 ✍ Federal Bank cuts rates on term deposits - Federal Bank has cut the Interest rates of Resident Term Deposits from 18 June 2015.The interest rate on term deposits from 60 days to less than 1 year have been cut from 4% per annum to 3.5%. The annual Interest rate for 1 year deposit stands at 8.25% from 18 June 2015 as against 8.5% earlier. The interest rate for deposits
  • 7. above 1 year to less than 2 years is now at 8.25% annually as against 8.4% earlier. ✍ ITC plans to invest Rs.8,000 crore - ITC is planning to invest Rs.8,000 crore in Telangana to expand paper business, according to reports. Further details are awaited. ✍ Cairn India, Vedanta in focus - Cairn India and Vedanta are in focus following news reports that the companies' boards are scheduled to meet this Sunday to discuss the merger.According to reports, the Anil Agarwal group companies' boards will discuss the merger plan and fix the merger ratio. The aim of the merger is to consolidate businesses and cut debt.Vedanta has spurted over a percent to Rs. 187, while Cairn India has slipped 1.5 percent to Rs. 182. ✍ Torrent Power soars on shareholders nod for amalgamation - Torrent Power has soared 4 percent to a high of Rs. 152 on receiving shareholders nod for the planned amalgamation of group companies.According to a release issued by the company to the BSE, Torrent Power shareholders have approved the amalgamation of Torrent Energy and Torrent Cables with itself.The stock is currently trading at the highest point of the day, with trades of around 46,000 shares in the first few minutes on the BSE. ✍ TVS Motor stock surges on receiving new patent - Shares of TVS Motor Company were higher by 2% at Rs. 228 on reports that the company has bagged a patent for technology related to three-wheeler engines.The stock has hit a high of Rs. 230 and a low of Rs. 225.Total traded quantity on the counter stood at over 0.86 lk shares. ✍ TCS is the largest dividend payer in FY15 - Tata Consultancy Services (TCS) is the largest dividend payer in India Inc this year.A report says that Tata Group company paid a dividend of Rs 15,474 crore to shareholders in FY15.While Coal India cut its dividend payout by 28.6% to Rs 13,075 crore ONGC's payout remained same at~ Rs 8,128 crore.In year 1995-96, Reliance Industries was the biggest payer, ahead of ONGC and Steel Authority of India (SAIL). ✍ Chennai Petro at fresh 52-week high - Chennai Petroleum Corporation extended gains in early morning trades after releasing its events calendar recently.According to the company's events calendar, the company by way of postal ballot has sought shareholders nod for increasing borrowing limit up to Rs. 8,000 crore, to raise funds by way of issue of bonds by Rs. 3,000 crore on private placement basis and/ or to mortgage moveable /immoveable properties.The postal ballot is supposed to get over by 15 July, 2015, and the results will be announced by 15 August, 2015.The stock was locked at the 20 percent upper circuit at Rs. 125, and zoomed another 14 percent to hit a fresh 52-week high of Rs. 142.The stock is now up 7 percent at Rs. 134. The counter has seen trades of around 1.53 million shares so far on the BSE as against the two-week daily average volume of around 263,000 shares. ✍ Essar Oil zooms on heavy volume - Essar Oil is trading on a stellar note, in an otherwise subdued market, on the back of renewed buying interest at the counter.The BSE counter so far has registered trades of around 1 million shares, as against two-week daily average volume of
  • 8. 31,000 shares.So far, the stock has zoomed 17.8 percent to hit a high at Rs. 123 and is now up 12.5 percent at Rs. 118. ✍ Ashok Leyland slips 3% - Shares of Ashok Leyland Ltd were trading lower 3% at Rs. 65.40 on seeking shareholder nod to issue NCDs up to Rs.300 cr on private placement basis. The stock opened at Rs. 68 as against the previous close of Rs. 67.40 on BSE. It has hit a high of Rs. 68.30 and a low of Rs. 65.80 on BSE today.Total traded quantity on the counter stood at over 8.22 lk shares on BSE. ✍ Bajaj Electricals bags new orders worth Rs. 84.54 crore - Shares of Bajaj Electricals Ltd were trading higher 1.4% at Rs. 283.20 on BSE today. The company has bagged 3 new orders from Odisha Power Transmission Corporation Ltd worth Rs. 84.54 crore. The stock opened at Rs. 284 as against the previous close of Rs. 279.25 on BSE. It has hit a high of Rs. 291.35 and a low of Rs. 281.10 on BSE today.Total traded quantity on the counter stood at over 1.05 lk shares on BSE. ✍ RIL gains ahead of AGM - Reliance Industries (RIL) is trading on a positive note ahead of 41st annual general meeting AGM later in the day.The street is expecting RIL to unveil details for the 4G launch by its telecom venture Reliance Jio Infocomm. And also RIL's strategy on expanding its fuel outlet network and expectations of earnings from its expanded petrochemical capacity will also be watched.The stock is now up 1.3 percent at Rs. 881. The BSE counter has registered trades of around 67,000 shares, when compared with two-week daily average volume of 378,000 shares. ✍ BHEL gains on Shrinagar HEP unit - BHEL has bounced back into the positive zone and jumped to a high of Rs. 247, from an early morning low of Rs. 242 - up over 2 percent in intra-day deals on successfully commissioning the Shrinagar unit in Uttarakhand. According to a release issued by the company to the BSE, the company by successfully commissioning the fourth unit of 82.5 MW, has commissioned the 330 MW Shrinagar Hydro Electric Project (HEP) in Uttarakhand.The all four units of this project have been commissioned in quick succession of just 60 days, the release added.The stock is now up over a percent at Rs. 246. The counter has seen trades of around 46,000 shares as against the two-week daily average volume of around 450,000 shares on the BSE. ✍ Suzlon gains after HSBC lifts rating - Suzlon Energy continues to trade on a firm note on the BSE, after media reported that HSBC has raised its rating to 'Buy' from 'Hold' and also raised its target price by 6.3 percent to Rs. 30 per share.Now, the stock is trading at the highest level of the day - with a jump of around 3 percent to Rs. 21.85.So far 3.4 million shares have changed hands at the counter, as against the daily average volume of 8.6 million shares in the past two weeks. ✍ Bharti Airtel wins MCG contract to launch Wi-Fi services in Gurgaon - Bharti Airtel Limited (“Bharti Airtel”), a leading global telecommunications company with operations in 20 countries across Asia and Africa, today announced that it has won the mandate for the launch of Wi-Fi services in Gurgaon from the Municipal Corporation of Gurgaon (MCG). With this, Airtel has become the preferred partner to provide residents of the Millennium City an opportunity to connect to world-class internet experiences on the move. Airtel will soon roll-out
  • 9. the Wi-Fi services in MG Road, Sadar Bazaar, Sector 29, Sirhaul Village and Leisure Valley Park providing residents with mobile internet at a speed of 2mbps.The Wi-Fi services will be an open platform for mobile phones users with Wi-Fi compatible devices in these localities with a daily quota limit of 30 minutes per day per device. Post 30 minutes while users can continue to use the Wi-Fi services, they will be charged a nominal amount and can also consume data from their data packs. Users will also be able to buy online vouchers with affordable deals to continue accessing the Wi-Fi services. ✍ Vacancies for MD & CEO at PSBs: Top panel headed by Raghuram Rajan to interview potential candidates - Candidates from private sector banks have been shortlisted for next week's interviews for the post of CEO and MD at five large banks, according to a media report.The banks include PNB, BOB and Canara Bank. The tenure of the CEO & MD is three years. Over 26 candidates are to appear for the interview on June 15 and 16, the report added.A high level search panel headed by RBI Governor Raghuram Rajan will interview candidates, they said.Among the 26 candidates, about 7 existing executive directors of the various public sector banks have been shortlisted for the interview.Besides, executives from private sector banks would appear for the interview. This is the first time when executives from private sector banks would be part of the selection process for top jobs in Public Sector Banks.However, the department did not find adequate number of candidates as per the eligibility criteria. So, it relaxed the norms in April, the report added. ✍ Top Economy news In a raft of changes to make it easier for businesses to operate in the country, the government has relaxed norms for private companies including those pertaining to related party transactions, acceptance of deposits and auditor appointments. India's exports are likely to remain flat at USD 310.5 billion-level or may even fall this financial year due to slow global demand for merchandise, Assocham has said. RBI allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a stipulated timeframe. India may not be able to export dairy products to Russia due to stiff conditions set by the latter, including that interested companies should possess at least 1,000 milking animals. Jharkhand government has decided to invest Rs.3bn in the current fiscal to develop road connectivity in the state. Union Home Minister Rajnath Singh said the Centre has approved construction of a 100-km long ring road, costing over Rs30bn, to decongest the expanding state capital. Union Railway Minister Suresh Prabhu has said that the Government will invest Rs8,500bn over the next five years to develop the nation's railway services. The country’s current account deficit (CAD) narrowed sharply to USD1.3bn, or 0.2% of GDP, in the fourth quarter of the last financial year on a sequential basis mainly on account of a lower
  • 10. trade gap. The same shrank to 1.3% of GDP for full financial year 2014-15. The government approved Rs47bn highways projects in Madhya Pradesh and Telangana under its flagship highways building programme NHDP. Data for the first two months of the financial year show a sharp fall in demand for new scooters, indicating a possible slowdown now creeping into urban and semi-urban markets. Data from SIAM shows scooter sales growth declined sharply to under 4% in April and May, at 708,825 units. In the same period last year, the segment had growth of 25%. Global prices of pulses have gone up by about 30% to 40% during last two to three months due to fear of drought in India, the largest importer and consumer of the vegetarian source of protein. The Cabinet Committee on Economic Affairs (CCEA) approved two road projects, one in Madhya Pradesh and another in Telangana. The projects will be executed under the flagship road building programme National Highways Development Project (NHDP) at a cost of Rs47.21bn. Top corporate news Idea Cellular has hiked mobile data rates by up to 100% for pre-paid customers in the NCR region. Aditya Birla Nuvo announced a joint venture with a leading South African financial services firm MMI Holdings Ltd., to foray into the health insurance and wellness business in India. Britannia Industries has expanded its premium biscuit offerings by launching premium chocolate centre filled biscuit - Pure Magic Choco Lush. Choco Lush contains 40% chocolate. United Breweries (Holdings) Ltd is seeking shareholders nod for its plans to earmark up to Rs500mn for investment and loan purpose, including provision of an immediate loan of up to Rs250mn to UB Engineering. Sun Pharmaceutical said court convened meeting of its shareholders has approved the scheme of amalgamation of Sun Pharma Global Inc with itself. Tata Communications is expanding its recently launched Media Ecosystem globally, combining traditional video contribution services with IP-based connectivity to create a highly innovative global media platform. Reliance Power said it will invest USD3bn to set up a mega power plant and a floating LNG import terminal in Bangladesh, which faces acute power shortages.
  • 11. Power generating company NTPC has served notices to West Bengal, Bihar and Jharkhand governments saying it will be forced to shut Farraka thermal power plant if law and order situation is not maintained at the facility. Workers of Tata Steel Europe are ready for an indefinite strike if the management does not come forward for negotiations on its proposal to scrap the British Steel Pension Scheme. Indian Oil Corporation plans to invest around Rs15bn in the Northeast to strengthen its various divisions, including storage and retail, over the next three-four years. Indian Oil Corp, nation's largest oil firm, plans to invest about Rs150bn in raising capacity at its Panipat refinery in Haryana by 34% to 20.2 million tonnes (MT) by 2020. Infosys expects acquisitions to bring in additional revenues of about USD1.5bn as the IT services behemoth aims to achieve an aspirational goal of USD20bn in topline by 2020. ONGC will invest Rs416bn for bringing to production newer oil and gas fields and redeveloping ageing fields as it looks to boost output. Bharat Heavy Electricals Ltd (BHEL) said it has commissioned a 82.5-megawatt unit at Shrinagar Hydro Electric Project in Uttarakhand. Housing Development Finance Corp said its board has approved funding raising worth Rs.50 bn simultaneously by secured redeemable non-convertible debentures along with warrants. Gujarat Alkalies and Chemicals Ltd announced that the company has initiated transportation of caustic soda lye and other value-added liquid products from its Dahej plant through a specially constructed pipeline to Dahej railway yard. Rajesh Exports said that the company has bagged an export order worth Rs13bn from an UAE-based company for gold and diamond studded jewellery. Mahindra Holidays & Resorts, the country's leading leisure hospitality provider, approved increasing its stake in Finland-based Holiday Club Resorts, Oy, to about 88%. Last year MHRIL had picked up 19% in the European company, which has 30 resorts in Finland, Sweden and Spain, through its wholly-owned subsidiary Covington Sarl, Luxembourg. Coal India is likely to increase its production by over 60 million tonne in the current financial year since it recently acquired 2,000 hectares and also received 41 mine clearances. Consequent to this, its subsidiary Western Coalfields will be opening one new mine every month for the next two years. BEML, a defence public sector undertaking, has bagged an order worth Rs. 6.45bn from Delhi Metro Rail Corporation (DMRC) for design, manufacture, supply, testing and commissioning of 74 nos broad guage metro cars for their RS-13 project.
  • 12. The patent office in India has decided to grant patent for automobile manufacturer TVS Motor for an engine for a three wheeler, with a cooling system for the rear mounted liquid cooled engine. Vedanta (formerly known as Sesa Sterlite) is set to make an official announcement of its merger deal with wholly-owned subsidiary Cairn India on June 14th. The deal will give Vedanta access to Cairn India's cash and investments worth Rs160bn. Larsen and Toubro, which is developing the Rs160bn Hyderabad Metro Rail project, said it will develop the entire 18.5 million sq ft commercial space around the project in a phased manner over the next ten years. ICICI Bank country’s largest private sector lender is looking at raising Rs500bn through private placement of securities including bonds and non-convertible debentures (NCDs). Glenmark Pharmaceuticals has received final approval from the US health regulator for the generic Calcipotriene cream used for the treatment of plaque psoriasis. Nestle India said that it has approached the Bombay High Court to seek judicial review of the orders passed by Food and Drug Administration in Maharashtra and the Food Safety and Standards Authority of India. Jagran Prakashan Ltd said it has completed the acquisition of Music Broadcast Pvt Ltd, which operates the popular Radio City FM stations. Future Retail plans to raise fresh funds of up to Rs15bn through non-convertible debentures (NCDs) on private placement basis to replace high cost loans and to invest in brand building as well as marketing. Realty firm Unitech plans to raise about Rs.2 bn from private equity players to part finance its ongoing housing projects as real estate market continues to remain sluggish. NTPC said Talcher in Odisha will become a power hub with the PSU planning around 3,000 MW of capacity addition there. Electrosteel Steels said it has received an indication for investment in the company from Tata Group as well as from a Singapore-based financial investor. FMCG major Hindustan Unilever Limited (HUL) has decided to recall its Chinese range of 'Knorr' instant noodles from the market pending product approval from the central food safety regulator FSSAI.
  • 13. This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisory Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices. Any investment in commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer.