TECHNICAL VIEW: 16.7.14 NIFTY VIEW POSITIONAL: The Trend of Nifty is up with a strong support at 7200 and resistance of 7680. INTRADAY VIEWS: Nifty Trend Bullish Supports 7480-7420 Resistance 7580-7640 USD INR Trend Rs strong Resistance 60.30 and Supports 59.90 Stock Sks Microfinance Buy at or above 279 sl 273.00 tgts 288.00 - 305.00 RESULTS: Bajaj Finance Bharat Bhushan CMC Federal Bank Kotak Mahindra South Ind Bk NEWS: 1. ICICI Securities debuts in top 5 club of M&A league table 2. Govt considers selling 5% stake in ONGC: source 3. Airtel sells Beetels majority stake to Brightstar 4. Zydus Wellness declines 12% in two days on weak Q1 results 5. Piramal Enterprises turns ex-dividend; stock dips 9% 6. City Union Bank QIP oversubscribed by two times 7. TVS Motor riding high on new launches; stock surges 14% in two-days 8. Advani Hotels rallies over 40% in two days on buyout report 9. Tata Sponge surges 8% on strong Q1 results 10. DLF plans to raise Rs 3,500cr via securities backed by IT SEZs 11. Glenmark gets final nod from USFDA for skin infection cream HEADLINES: Business Standard Ø RBI eases financing norms for infrastructure, affordable housing projects Ø Satyam case: Sebi bans Raju, 4 others for 14 yrs; seeks Rs 1,849cr Ø TRAI reduces ceiling tariff for dedicated broadband lines Ø Govt to make investor-friendly changes in Land Act Ø BRICS investment fund likely to have $10 billion initial capital: Source Ø MTNL appoints SBI Cap for evaluating investment scope in UTL Economic Times Ø ONGC to sell stake in Mangalore petchem project to MRPL Ø 33 Mutual Fund houses violate 20-25 rule: Sitharaman Ø Negotiations on with other countries to sign new tax treaties: FM Ø SAIL proposes to set up steel plant in Telangana Ø Private power companies express concerns over bidding norms Ø DLF plans to raise Rs 3,500cr via securities backed by IT SEZs Mint Ø RBI allows banks to issue long-term bonds Ø China’s FDI up 2.2% at $63.3 bn in H1 Ø Ace investor buys 2% in Jain Irrigation Ø Bombay HC upholds compulsory license granted to Natco on Nexavar drug Ø Sadbhav Engineering joint venture bags Rs. 550-cr mining order in Rajasthan Ø Turnover of commodity exchanges down 65% in Q1: FMC Business Line Ø JSW Steel offers to buy parts of Italy’s Lucchini Ø NPPA prescribes bitter pill for drug companies Ø Microsoft to overtake Yahoo in global digital ad share Ø Oil contango seen reviving trading strategy dormant since 2010 Ø India largest consumer of antibiotics in the world Ø Bharti Airtel sells majority stake in Beetel to Brightstar Financial Chronicle Ø BRICS bank plan snag blows over, China to get HQ, India presidency Ø Private players seek favourable bidding norms for UMPPs Ø BRICS may set up fund to invest in infra projects Ø Govt rules out privatisation of Air India Ø Satyam Computer scam: Sebi pegs biggest corporate fraud at over Rs 12,000 cr Financial Express Ø KFA dues: Service Tax Dept seeks its share from banks pie Ø MFs fear Rs 1.5 lakh crore outflows; seek Sebi help Ø Railways get proposals worth Rs 15,000cr in PPP mode: Gowda Ø Indian auto-makers need to revamp production process: PwC DISCLAIMER: report.systematixshares/DISCLAIMER/DISCLAIMERForSystematixShares.jpg
Posted on: Wed, 16 Jul 2014 02:50:15 +0000
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