TECHNICAL VIEW: 14.10.14 NIFTY VIEW POSITIONAL:: The Trend of Nifty is Sideways with a strong support at 7800 and resistance of 8060. INTRADAY VIEWS: Intraday resistance level 7920. And then 7990. Immediate supports are at 7820. USD INR Trend - Rs strong Resistance 61.85 and Supports 61.45- 61.20 STOCK Buy Kotak bank at or above 1009. SL 988. Targets 1040/1065 HEADLINES: Headlines: Business Standard Ø RIL Q2 PAT up 1.7% at Rs 5972 crore; beats estimates Ø India may impose safeguard tax to check Chinese imports: DIPP Ø Foreign investors can buy 74% paid up capital in UPL Ø Sebi issues guidance on one-time registration process Ø IL&FS mulling $1 billion clean tech fund for India Ø Tata Steel Q2 hot metal output up 4.87 per cent Ø Sept retail inflation at 6.46%, lowest since Jan 12 Ø AMFI mulls proposal to scrap upfront MF commissions Ø Sebi bars DLF, top execs from markets for 3 yrs Ø HC order on Vodafone transfer pricing being analysed: CBDT Ø Mayaram warns of asset price bubble Ø Reliance Industries plans to sell stake in US shale JV Ø Donors pledge $5.4 billion for Gaza reconstruction Mint Ø China trade data eases slowdown fears, more stimulus may still be needed Ø Moodys withdraws LICs rating for business reasons Ø IL&FS Engg Services bags Rs 1,232 cr road contract from NHAI Ø NCDEX to levy risk management fee on open interest Ø HPCL temporarily shuts down Vizag refinery due to cyclone Hudhud Ø NPPA slaps Rs300 cr penalty on Novartis for overcharging Ø India’s 2014-15 cotton output seen at record high: Govt official Ø Iraq follows Saudi price cuts as Brent slides to four-year low Ø Amazon India, Future Group enter into a strategic partnership Ø PayUMoney acquires mobile payments app Eashmart Financial Chronicle Ø Lenders to get higher stake in Ratnagiri Power today Ø Microsoft’s tax win to aid others exporting services from India Ø SC upholds Sebi’s power to seek user Ø Defence Procurement Procedure likely to be simplified further Ø India pitches for greater synergy to ensure 2% global growth in 5 years Ø RBI relaxation to help banks meet Jan 2015 LCR target: Crisil Ø JP Morgan cuts India 2014-15 growth forecast to 5.1 pc Ø RBI asks banks to comply with one address proof norm Ø India for greater international policy synergy for strong global growth NEWS: • Coal India gains on HSBC upgrade to overweight • Indusind Bank hits new high as Q2 profit beats forecast • Sintex Industries rallies over 15% post Q2 results • Suven Life gets patent for CNS molecule from US, South Korea • Goldman Sachs upgraded the stock Oriental Bank of Commerce to “buy” from “neutral” with a target price of Rs 350. • FIIs increased their stake in Emami to 17.23% in September quarter against 16.77% at the end of June quarter • Essar Ports, Essar Shipping soars on board nod for delisting proposal • Future Group announced a strategic tie-up with Amazon India. • Aviation stocks soar as oil prices dip RIL earnings highlights: RIL Jul-Sep refining, mktg segment revenue 1.03 trln rupees, dn 6% RIL: Jul-Sep refining, mktg segment revenue down 5.9% YoY RIL:US shale op Jul-Sep growth hit QoQ by higher gas differentials RIL: US shale ops Jul-Sep sequential growth hit by lower pricing RIL: Panna Mukta fields Jul-Sep crude oil output 1.8 mln bbl RIL: Tapti fields Jul-Sep condensate output 0.06 mln bbl RIL: Aim to commission 2 compressors in D1, D3 blocks Jan-Jun RIL: Fall in KG-D6 Jul-Sep output on natural decline in fields RIL: KG-D6 block Jul-Sep condensate output 0.1 mln bbl RIL: KG-D6 block Jul-Sep crude oil output 0.5 mln bbl RIL: Lower volumes in refining, oil and gas affected revenue RIL: Lower crude prices affected revenue RIL Jul-Sep interest cost 9.97 bln rupees vs 9.59 bln yr ago RIL Jul-Sep consol other income 20.1 bln rupees vs 23.5 bln yr ago RIL CMD:To create significant value for stakeholders over 12-18 mo RIL CMD: Renewed optimism in local econ augurs well for business RIL Jul-Sep EBIDT 118.8 bln rupees vs 112.5 bln yr ago RIL: Jul-Sep consol turnover 1.13 trln rupees vs 1.18 trln yr ago RIL: Jul-Sep turnover 1.13 trln rupees RIL Jul-Sep GRM at $8.3/bbl vs $7.7 yr ago Analysts estimated RIL Jul-Sep net profit 55.18 bln rupees RIL Jul-Sep PAT 59.70 bln rupees DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Tue, 14 Oct 2014 03:45:40 +0000
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