[9:44AM, 09/01/2015] Time to show solidarity *: Economic Times Business Standard Ø Goldman Sachs set to dump Indian MF biz; may sell it for Rs 120 crore Ø Indias rating upgrade likely in 2015: Deutsche Bank Ø Government looks at divestment in oil PSUs Ø RBI to revise leverage ratio for banks from April 1 Ø ONGC stake sale after new subsidy sharing formula Ø Auto industry to face stress due to regulatory norms Ø India considering higher subsidies for raw sugar exports Ø India Incs revenue growth to slip to a 6-quarter low in Q3FY15: CRISIL Ø Power ministry cancels UMPP bidding; to set up committee soon Ø HULs earnings set to double over FY15-17 Ø Reliance finalises 2015 diesel and jet fuel term contracts Ø B’bay HC allows Mumbai Metro One to charge Rs 10-40 fare Ø Maharashtra FDA suspends two drug licenses of Dr Reddys Ø Standard Chartered winds down securities business Business Line Mint Ø Economic growth deceleration has bottomed out: Jaitley Ø Renewable energy focus will continue, says Harsh Vardhan Ø Sugarcane support price leaves TN farmers, mills bitter Ø Rubber industry meet to focus on inverted duty structure Ø Govt scraps UMPP bidding over tepid private sector response Ø JSPL connived with Coal Ministry officials for excess mining: CBI Ø Govt plans Rs1,400 crore electric vehicles push Ø Qatar Airways keen to buy stake in IndiGo Ø RBI allows bullet repayment for gold loans up to Rs2 lakh Ø Synechron acquires Paris-based consulting firm TeamTrade Ø Network18 to sell Stargaze stake to Carnival Films Ø Sigma, AZ Electronic acquisitions to help Merck consolidate in India Financial Express Financial Chronicle Ø Deutsche sets BSE index year-end target at 33,000 on rising govt investment Ø India needs Rs 26 lakh crore for infrastructure financing in 5 years: Study Ø India should use low oil prices to put fiscal house in order: Kaushik Basu Ø Eros Inttl emerges biggest Indian movie studio on Facebook Ø Moodys upgrade Tata Steels ratings Fwd: MSCI quarterly rebalancing announcement is due on February 11, 2015, effective from March 2, 2015. Based on our understanding of the MSCI Global Investable Market Indices Methodology, we have arrived at the following conclusion. MSCI Large Cap Index ACC weight to increase: FIIs holding in ACC has decreased to 16.70% from 18.65%. As a result, foreign room has increased to 30.42% from 22.29%. This should result in its FIF adjustment factor to increase to 1 from 0.5. The adjusted FIF will increase to 0.24 as against current levels of 0.12. As a consequence, ACC weight in MSCI will increase to around 0.39% from 0.19%. Impact: Assuming that MSCI Benchmarked ETFs make up around $12bn, the expected changes would imply a buying of around 1.04 million shares. The 10-day average delivery volume is around 0.19 million shares.... CLSA on Telecom : Upgrade RCom to Underperform from Sell, cut target to ₹85 from ₹101 CLSA on Telecom : Cut Idea target to ₹173 from ₹181, maintain Underperform CLSA on Telecom : Maintain Bharti Airtel as High Conviction Buy, Target ₹485 CLSA on Telecom : Raise Bharti Infratel target to ₹422 from ₹319 CLSA on Telecom : February 2015 auction will end re-farming and renewals CLSA on Telecom : Bharti Airtel and Bharti Infratel our top sector picks [9:45AM, 09/01/2015] Time to show solidarity *: Cesc second target (696) hit,made a high of 702. Had given a buy call at 681 on 08/01/2015.
Posted on: Fri, 09 Jan 2015 04:16:21 +0000
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