TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8569/ 18835. According to technical analysis if Nifty futures
and Bank Nifty future moves down-word in tomorrow treading session then 8449 will be small support for Nifty
futures and 18367 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go
down to 8217 level and Bank Nifty futures can touch 17763 level in next few days. It will be hard support for
Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8637 for Nifty futures and
19147 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on
8892 and 19897 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

R2
8849

R1
8644

PP
8542

S1
8440

S2
8235

WEEKLY

R2
9120

R1
8712

PP
8508

S1
8304

S2
7896

MONTHLY

R2
9562

R1
8885

PP
8547

S1
8209

S2
7532

DAILY

R2
19885

R1
19139

PP
18766

S1
18393

S2
17647

WEEKLY

R2
20523

R1
19298

PP
18686

S1
18074

S2
16850

MONTHLY

R2
22016

R1
19896

PP
18835

S1
17775

S2
15654

BANK NIFTY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8502

8354

8415

8448

BANK NIFTY

18761

18348

18347

18448

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

8622

8066

9071

BANK NIFTY

18779

17347

20852

NSE EQUITY DAILY LEVELS

COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC
ALBK

EQ
EQ

1451
103

1421
98

1406
95

1391
93

1376
91

1361
88

1331
83

AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BANKINDIA
BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER

EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ

238
906
597
2622
208
184
290
430
733
458
124
4260
366
3803
1004
1433
1170
2918
111
969
332
361
1033
1133
86
741
1960
1398
43714
4591
302
201
76.
451
1044
470
47
317
135
863
425
73
264
227

234
893
587
2595
197
176
284
425
721
446
119
4177
359
3765
975
1398
1148
2831
109
951
324
351
1013
1115
83
726
1890
1379
42949
4532
292
193
75
433
1031
454
46
304
133
851
413
72
259
213

231
886
583
2548
292
172
280
422
713
439
118
4144
356
3745
958
1363
1126
2744
107
933
317
341
994
1097
80
710
1819
1360
42184
4473
283
184
74
415
1018
437
45
291
131
839
400
71
253
198

230
880
578
2517
285
168
277
420
709
435
115
4094
352
3727
946
1341
1112
2711
106
923
314
336
983
1091
78
700
1794
1348
41929
4448
279
180
73
405
1010
430
44
286
130
834
395
70
250
193

227
873
574
2471
280
164
274
417
703
427
113
4061
349
3707
929
1328
1103
2656
105
914
309
330
974
1080
77
695
1949
1341
41419
4414
273
175
72
396
1005
421
43
278
129
827
388
69
248
184

225
867
569
2440
273
159
271
415
698
423
111
4011
345
3689
917
1307
1090
2624
104
904
306
325
963
1073
75
685
1723
1329
41164
4389
270
171
71
387
997
414
42
273
128
822
382
68
245
179

221
854
554
2363
165
151
265
410
686
412
107
3928
337
3657
888
1293
1081
2569
103
896
301
320
955
1062
74
680
1678
1322
40654
4355
264
166
70
378
992
405
41
265
126
815
376
67
242
170

SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

TOP 15 ACHIEVERS

SR.NO

SCRIPT NAME

//

PREV
CLOSE

CMP

% CHANGE

SR.NO

TOP 15 LOOSERS

SCRIPT NAME

PREV CLOSE

CMP

% CHANGE

253.40

177.10

-30.11

11.50

9.60

-16.52

UNIPLY INDUS

102.80

144.40

+40.47

SUN TV NETWORK

258.05

336.80

+30.52

CASTEX
TECHNOLOGI
J P ASSOCIATES

JET AIRWAYS

324.25

400.15

+23.41

JSW ENERGY LTD

98.90

84.30

-14.76

JK TYRES

96.30

114.60

+19.00

RALLIS INDIA

255.80

218.25

-14.68

CEAT LTD

778.75

915.25

+17.52

HSIL LTD

344.80

301.65

-12.51

BANK OF BARODA

152.70

177.50

+16.24

TATA STEEL

280.40

246.90

-11.95

JK CEMEMT

603.50

682.55

+13.10

JSW HOLDINGS

989.40

872.55

-11.81

EMAMI LTD

1311

+13.05

NMDC LTD

114.50

101.90

-11.00

DCM LTD

102.70

115.95

+12.90

TVS MOTORS LTD

263.70

238

-9.75

10

MRF LTD

36358

40839

+12.32

10

EICHER MOTORS

21109

19071

-9.66

11

BALRAMPUR CHINI

45.70

50.40

+10.28

11

EVEREADY INDUS

364.15

329.55

-9.50

12

BAJAJ FINSERV LTD

1677

1845.70 +10.06

12

GITANJLI GEMS

44.70

41.50

-7.16

13

INDIA CEMENT LTD

85.05

98.60

+8.80

13

LUPIN LTD

1823.95

1696.70

-6.98

14

LIYOD ELECTRIC

224.70

244.40

+8.77

14

263.35

246.15

-6.53

15

PUNJAB
BN

139.05

151

+8.59

15

POWER FINANCE
CO
SHALIMAR PAINTS

135.25

126.55

-6.43

1159.70

NATIONAL

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1.

COALINDIA - COALINDIA MAY CORRECT THIS WEEK UPTO THE LEVEL OF 102/100 IF IT
BREAKS 104 LEVEL .

2.

TATASTEEL - TATASTEEL TATASTEEL MAY CORRECT THIS WEEK FURTHER IF IT TREADES

BELOW 245. 240/238 ARE THE SUPPORT LEVEL FOR THE WEEK.

3.

SAIL - SAIL CAN CONTINUE ITS DOWNTREND IF IT BREAKS THE LEVEL OF 56 AND 53/50
WOULD BE THE SUPPORT LEVEL.

4.

ALBK - ALBK RECOVERD LAST WEEK FROM THE LEVEL OF 81 AND IF THIS WEEK IT
TREADS ABOVE 93.50 LEVELS THEN 96/98 LEVELS ARE POSSIBLE.

5.

PNB - IF PNB BREAKS THE 149 LEVEL THEN IT MAY CORRECT UPTO THE LEVEL OF
145/142.

CURRENCY MARKET
USDINR

R2

R1

PP

S1

S2

DAILY

65.05

64.65

64.45

64.25

63.80

WEEKLY

R2
66.25

R1
65.00

PP
64.35

S1
63.75

S2
62.50

MONTHLY

R2
66.70

R1
65.10

PP
64.30

S1
63.50

S2
61.90

EURINR

R2

R1

PP

S1

S2

DAILY

72.10

71.10

70.60

70.10

69.15

WEEKLY

R2
74.90

R1
72.25

PP
70.90

S1
66.90

S2
63.85

MONTHLY

R2
78.75

R1
73.25

PP
70.50

S1
67.75

S2
62.25

JPYINR

R2

R1

PP

S1

S2

DAILY

52.60

52.15

51.90

51.65

51.20

WEEKLY

R2
54.10

R1
52.70

PP
52.05

S1
51.35

S2
49.95

MONTHLY

R2
54.10

R1
52.70

PP
52.05

S1
51.35

S2
49.95

GBPINR

R2

R1

PP

S1

S2

DAILY

101.60

100.75

100.30

99.90

99.05

WEEKLY

R2
102.60

R1
101.00

PP
100.25

S1
99.45

S2
97.85

MONTHLY

R2
108.05

R1
102.60

PP
99.90

S1
97.15

S2
91.70

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
SEBI cancels registration of Sahara Mutual Fund: Reports - Sebi on Tuesday cancelled
Sahara Mutual Fund's certificate of registration on expiry of a six-month period with effect
from July 28, 2015. The market regulator said Sahara Mutual Fund was no longer fit and proper
to carry out this business and ordered transfer of its operations to another fund house. Sebi had
ordered refund of over Rs 24,000 crore by two Sahara entities. Recently, Sebi had also
cancelled the portfolio management licence of a Sahara firm.

RIL to consider sale of US shale gas stake: Reports - Reliance Industries may be
considering exiting its investments in US shale gas as part of a strategic review of its assets,
says a report. RIL has invested more than $8 billion in its unconventional gas joint ventures
through the end of March, according to its annual earnings report.The latest quarterly numbers
show shale gas revenues and EBIDTA declined qoq owing to fall in gas prices, an IIFL report
stated.Selling the shale assets would allow Reliance to put its capital to more productive uses,
given the gas market may not improve for some years, the report stated. Reliance Industries
returns on average capital employed on its shale gas business in the US has turned negative in
the June quarter due to falling crude oil prices which is making shale gas production unviable
for all US players, says a report in BS. So far, RIL has invested $8.5 billion in its three shale
gas joint ventures in that country, the report added.Last week RIL announced revenues at Rs.
65,817cr, lower by 31.7% yoy driven by sharp fall in crude oil prices causing weak refining and
petchem segment salesOPM improved by 633bps yoy but fell 126bps qoq; yoy increase was led
by 462bps and 423bps rise in petchem and refining segment EBIT margins respectively,
sequential fall was led by 134bps fall in refining EBIT margins. GRMs at US$10.4/bbl was
higher than expectations, GRMs saw 19.5% yoy and 3% qoq increase and was substantially
higher than the benchmarks. PAT at Rs. 6,318cr was higher than IIFL estimates owing to better
than expected refining and petchem segment performance.

Amtek Auto plans to raise funds via non convertible securities - Amtek Auto Ltd has
announced that the Board of Directors of the Company at its meeting held on July 28, 2015, has
approved the followings.Raising of funds through various means i.e. issue of equity and
convertible/non convertible securities or other equity linked securities. Issuance of Equity
shares to Promoters of the Company upon conversion of their unsecured loan by way of
Preferential Issue.The decisions of the board are subject to the approval of shareholders of the
Company and the Company will, in this regard, call an extraordinary general meeting of its
shareholders.

Fall in steel prices hurt JSW Steel, posts Q1 cons net loss of Rs.107 crore - JSW
Steel
Ltd has posted a net profit / (loss) after taxes, minority interest and share of profit / (loss) of
associates of Rs. (1068.10) million for the quarter ended June 30, 2015 as compared to net

profit of Rs. 6564.90 million for the quarter ended June 30, 2014. Total Income has decreased
from Rs. 133077.40 mn for the quarter ended June 30, 2014 to Rs. 116019.90 mn for the
quarter ended June 30, 2015.

Castrol India Q2 net profit up 48.3% at Rs. 184.5 crore - Castrol India Ltd has
announced the following results for the quarter ended June 30, 2015. The company has posted a
net profit of Rs. 184.5 crore for the quarter ended June 30, 2015 as compared to Rs. 124.4 crore
for the quarter ended June 30, 2014. Total Income has increased from Rs. 923.9 crore for the
quarter ended June 30, 2014 to Rs. 938.8 crore for the quarter ended June 30, 2015. The
company has decided to pay an Interim Dividend of Rs. 4/- per Equity Share for the year
ending December 31, 2015.

General Motors plans to invest $1billion in India; to shut shop at Halol - General
Motors, the third largest automaker in the world by sales, has decided to shut down its
manufacturing unit at Halol, Gujarat. It has reportedly announced that it will invest $1billion in
India. This investment is part of a larger $5billion package GM has allotted for strengthening
its base and enhance global growth, through development of an all-new vehicle family. For
India, the investment will be pumped in Chevrolet's Talegaon plant, near Pune. This new
vehicle family will feature advanced customer-facing technologies focused on connectivity,
safety and fuel efficiency delivered at a compelling value, said Mark Reuss, GM executive
vice-president, Global Product Development, Purchasing and Supply Chain. It will be a
combination of content and value not offered previously by any automaker in these markets
that are poised for growth. Talegaon plants capacity is to be increased from 130,000 units per
annum to 220,000 units by 2025 to help position it as a global export hub for the company. GM
India also plans to launch the Trailblazer SUV by October this year and the Spin MPV by early
2017. The third new vehicle will be the new Beat hatchback and notchback.

Nava Bharat Ventures hits 20% upper circuit - Shares of Nava Bharat Ventures Ltd hit
20% upper circuit at Rs. 169 after the company has achieved Financial Closure for Zambia
Coal & Power Project. The stock has hit a high of Rs. 169 and a low of Rs. 141. Total traded
quantity on the counter stood at over 0.41 lk shares.

YES Bank Q1 net profit at Rs.551 crore; Net NPA At 0.13% - Yes Bank Ltd has
announced the following Unaudited Standalone results for the quarter ended June 30, 2015.
1. Net Profit of Rs. 551.2 crore in Q1FY16; y-o-y growth of 27.7%. NIM expanded to
3.3% in Q1FY16 from 3.0% in Q1FY15
2. Net Interest Income at Rs. 1,059.8 crore for Q1FY16; y-o-y growth of 42.2%.
3. Y-o-Y growth in CASA of 31.2%; CASA Ratio improves steadily to 23.4% from 22.3%
a year ago. SA deposits posted robust growth of 45.7% y-o-y.

4. CASA+Retail TDs crossed 50% of Total Deposits to 51.7% as at June 30, 2015, up
from 43.5% a year ago
5. Total Capital Adequacy as per Basel III stands at 15.0%, as at June 30, 2015
Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director &
CEO, YES BANK said, YES BANK has begun its 12th year of operations and has posted
another satisfactory quarter of consistent results, which is reflected in strong loan growth, NIM
expansion and continued resilience in asset quality. YES BANK has continued its
uncompromising commitment towards quality, sustainability and innovation which is evident
through multiple prestigious awards garnered by the Bank at international platforms across
categories of Business Sustainability, Information Security and Cash Management. Further, the
RBI approval for setting up IFSC unit in GIFT city in Gujarat will significantly enhance YES
BANKs International Banking product offerings for the BANKs corporate clientele while
enabling long term Foreign Currency Fund raising for the Bank at competitive rates. Also,
RBIs recent approval for the Bank to act as a Primary Dealer will further complete our
product suite in becoming a complete Rupee Debt House
Tata Motors spurts on block deal - Tata Motors strengthened its gain in the early noon
deals and rallied to a high of Rs. 377 on the NSE, on the back of huge block deal. According to
TV reports, the counter has witnessed a huge block deal of around 5.3 lakh shares at Rs. 375 on
the NSE. Now, Tata Motors is up 1.3 percent at Rs. 375, and has seen massive trades of around
4.3 million shares.
Allahabad Bank Q1 net profit up 30.1% at Rs. 147 crore - Allahabad Bank has
announced the following Unaudited Standalone results for the quarter ended June 30, 2015.
The Bank has posted a net profit of Rs. 146.8 crore for the quarter ended June 30, 2015 as
compared to Rs. 112.7 crore for the quarter ended June 30, 2014. Total Income has decreased
from Rs. 5518 crore for the quarter ended June 30, 2014 to Rs. 5396.4 crore for the quarter
ended June 30, 2015.
IRB Infra achieves financial closure for Rs.1,400 cr Project Finance - IRB Infrastructure
Developers Ltd has announced that Kaithal Tollway Pvt. Ltd. - wholly-owned Subsidiary of the
Company, has achieved financial closure in terms of the Concession Agreement executed with
NHAI, by tying up of Project finance of Rs. 1,400 Crore. The total cost of this project is Rs.
2290 Crore, out of which Viability Gap Funding from NHAI will be Rs. 234 crores, equity
contribution by the Company will be approx. Rs. 656 Crore and remaining will be funded
through Project finance of Rs. 1,400 Crore. The average cost of debt of this Project finance is
approx. 11.75% p.a. The concession period for the project is 27 years. A Consortium of Lenders
comprising of IDBI Bank Limited - Lead Institution, India Infrastructure Finance Company
Ltd. , IDFC Limited, Indian Overseas Bank, Union Bank of India, Bank of Baroda, Canara
Bank and Bank of Maharashtra have financed this project.
Taj Mahal registers increase in tourist footfalls in 2014 - Taj Mahal, a centrally protected
monument, is looked after by the Archaeological Survey of India. There has been no decrease
in the number of total tourist foot-falls in the past two years. 6072501 number of domestic and

foreign tourist visits have been recorded in 2014 against 5835342 in 2013. No guidelines have
been issued by Archaeological Survey of India on the issue pertaining to religious grounds.
This information was given by the Minister of State for Tourism , Culture and Civil Aviation,
Dr Mahesh Sharma in reply to an unstarred question today in Lok Sabha.
Axis bank allows rate cut of 25 bps on bulk deposit - Axis bank declares a rate cut of
upto 0.25 percent on bulk deposit in three different maturities.The rate cut in deposits is
applicable only on the bulk deposit of over Rs. 5 crore. Under nine months rates are been
chalked by 0.25 percent to 7.50 percent. For the last few month, the interest rate system has
seen a downside trend, which has faced the RBI rate cuts thrice by a cumulative 0.75 percent.
However, bankers are not satisfied by the interest rate system, as credit growth is low and
carries excess liquidity.
Stock Price:
The stock of Axis bank was trading marginally up at Rs. 561 from its previous close of Rs.
555.75. It has hit a high of Rs. 563.80 and low of Rs. 550.40. Around 5.65 lakh shares have
been exchanged on BSE, against two weeks average quantity of 6.75 lakh shares.
Union Bank gains 2%; posts 22% dip in net profit in Q1 - Union Bank of India
recovered from a low of Rs. 151, to end 2 percent higher at Rs. 157, after the bank posted a net
profit of Rs. 518.78 crore for the quarter ended June 2015 when compared with Rs. 443.77
crore at the end of March 2015 quarter. Whereas, total income increased by 5.8 percent to Rs.
9,043 crore from Rs. 8,548 crore. The stock hit a high of Rs. 161 and a low of Rs. 151.35 on
BSE today. Total traded quantity on the counter stood at over 15.58 lk shares on BSE.
Adani Enterprises plans to raise Rs. 6000 crore - Adani Enterprises is planning to raise
up to Rs. 6,000 crore through issuance of securities, says report. The company is also planning
to raise its borrowing limit to up to Rs 12,000 crore. The company will approach its
shareholders with resolutions at the company's AGM. The special resolution seeks to empower
the Board of Directors to undertake a Qualified Institutional Placement with Qualified
Institutional Buyers as defined by SEBI, the company added.
Dish TV Q1 net profit up 55.3% at Rs. 54.2 crore - Dish TV India Ltd has announced the
following results for the quarter ended June 30, 2015. Thecompany has posted a net profit after
taxes, minority interest and share of profit of associates of Rs. 542.10 million for the quarter
ended June 30, 2015 as compared to net loss of Rs. 149.70 million for the quarter ended June
30, 2014. Total Income has increased from Rs. 6,322.60 million for the quarter ended June 30,
2014 to Rs. 7,629 million for the quarter ended June 30, 2015.
Syndicate Bank net profit dips 38%, stands at Rs. 302 crore - State-run Syndicate Bank
has declared its results for the quarter that ended on 30th June 2015. The bank reported a 38%
decline in the net profit, from Rs. 485 crore last year to Rs. 302 crore in Q1. Net Interest
Income jumped 5% from Rs. 1351 crore to Rs. 1412 crore. Gross NPA stood at 3.72% in Q1
while the net NPA stood 2.36%. Capital Adequacy Ratio stood at 10.17% as against 10.54%
while Provision Coverage Ratio stood at 63.24% as on June 30.

 Bank Of India Q1 net profit at Rs. 129.7 crore; Gross NPA at 6.8% - Bank Of India has
announced the following results for the quarter for the period ended June 30, 2015. The bank
booked a net profit of Rs. 129.7 crore for the quarter ended June 2015, as against Rs. 805.7
crore in a year ago period. Total Income is Rs. 11,659.1 crore for the quarter ended June 30,
2015 where as the same was at Rs. 11,328.7 crore for the quarter ended June 30, 2014. During
the period under review, the company's Net NPA stood at 4.11% Vs 3.36% for the above
mentioned period. The bank reported Gross NPA at 5.53% Vs 5.39% in a year ago period.
Thermax Q1 net profit at Rs. 61.6 crore; sales up 19.3% - Thermax Ltd has announced
the following Unaudited Standalone results for the quarter ended June 30, 2015. The Company
has posted a net profit of Rs. 61.6 crore for the quarter ended June 30, 2015 as compared to Rs.
41.4 crore for the quarter ended June 30, 2014. Total Income has increased from Rs. 858.5
crore for the quarter ended June 30, 2014 to Rs. 1,018 crore for the quarter ended June 30,
2015. The company reported sales up 19.3% at Rs. 991 crore as compared to Rs. 831 crore in a
year ago period.
TVS Motor advances on future growth plans - TVS Motor Company advanced to a high
of Rs. 239, before ending flat at Rs. 235, on the back of future growth plans. According to
media reports, the company plans to launch three new models - a new four-stroke Moped, a
new TVS Victor and Apache 200cc, in the next six months.
LIC reduces stake in Maruti to 6.22% - LIC has sold over 2% stake in Maruti Suzuki
India reducing its holding to 6.22 per cent in the the country's largest car maker, according to
reports. A report says that LIC has sold 61,31,781 shares over a period of two years between
May 17, 2013 and July 29, 2015 in the open market.
Vijaya Bank Q1 net profit at Rs.142.6 crore - Vijaya Bank Ltd has announced the
following results for the quarter for the period ended June 30, 2015. The bank booked 11.70%
drop in Q1 standalone net profit of Rs. 142.6 crore when compared with Rs.161.5 crore in the
corresponding quarter a year ago. During the period under review, the bank's Gross NPA stood
at 3.39% Vs 2.78% for the above mentioned period.
Kansai Nerolac Q1 net profit at Rs. 94 crore - Kansai Nerolac Ltd has posted results for
the first quarter ended 30th June, 2015. The net profit for the quarter stands at Rs.94 crore. The
total income for the quarter was at Rs.1,000 crore.
Dena Bank Q1 PAT at Rs. 15.2 crore;Gross NPA at 6.2% - Dena Bank Ltd posted a net
profit of Rs. 151.60 million for the quarter ended June 30, 2015 as compared to Rs. 815.20
million for the quarter ended June 30, 2014. Total Income has increased from Rs. 28245.80
million for the quarter ended June 30, 2014 to Rs. 29148.70 mn for the quarter ended June 30,
2015.. The gross NPA for Q1 stands at 6.2%.
US economy posts 2.3% growth rate in Q2 - US economic growth accelerated in the
second quarter. Gross domestic product expanded at a 2.3% annual rate, the Commerce
Department reportedly said on Thursday. The economy actually expanded at a 0.6% pace in the

first three months of the year. The Fed described the economy as expanding "moderately"
while upgrading its view of the labor market.
Bharti Airtel up on expanding its 4G network - Bharti Airtel is trading on a positive note
on expanding its 4G reach in the country. According to media reports, the telecom major is the
first company to roll out latest 4G technology in Meghalaya's capital Shillong, in the North
East. The stock so far has touched a high of Rs. 423, and is now up a percent at Rs. 421. The
counter has seen trades of around 16,000 shares as against the two-week daily average volume
of around 219,000 shares on the BSE.

Top Economy news

In a move to quell fear of the investors regarding p-notes, Finance Minister Arun Jaitley said
that the government will not take any "knee-jerk" reactions that will affect the investment
climate of the country.

The government said that it has set a target to award road projects worth Rs. 1.26 lakh crore
during the current fiscal.

The Bharatiya Janata Party-led government in Maharashtra has proposed exemption of small
vehicles, including cars and utility vehicles, from toll tax on road projects over Rs 200 crore
implemented on build-operate-transfer basis.
The Indian basket of crude oil price has plummeted to $54.41 per barrel, its lowest in four
months, on the back of multiple factors, including a contraction in the manufacturing sector in
China, the worlds second-largest consumer of crude after the US. A stronger US dollar has also
made non-US investors to sell commodities, pressuring prices already impacted by the global
oversupply concerns from the just-concluded Iranian nuclear deal.

Indian banks may be able to check new bad loans or slippages, global rating company Moody's
said. Moody's said. "There was a 60:40 split between respondents expecting improvements in
Indian banks' asset quality in the financial year ending March 2016 ."

Reserve Bank of India Deputy Governor S S Mundra said the latest April-June earnings from
state-owned lenders showed "stability" in terms of non-performing assets, but added the central
bank would remain "watchful."

In a repeat of events a year ago, India is unlikely to ratify the World Trade Organization trade
facilitation agreement, even as it has decided to seek a permanent solution on the food stock
holding issue at the coming 10th ministerial meeting in Nairobi, Kenya, in December.
Onion prices have shot up by up to 200 per cent since the start of this month in some top
wholesale markets of Nashik, one of the biggest onion production centres in the country, and by
more than 40 per cent in the last two trading sessions, as supplies have plummeted.

Power projects with a collective capacity of 46,000 MW are facing viability issues due to lack
of long term energy buyers, inadequate fuel supply, and aggressive bidding to win projects and
coal blocks, Crisil ratings said.
Indian banks will continue to reel under the impact of bad loans in the current financial year,
although new NPAs may decline, says a Moody's report.
In its third bi-monthly monetary policy review to be announced next month, RBI is likely to
announce liquidity tightening steps like longer tenure term reverse repos, which are used to
suck out liquidity from the system.
Manila-headquartered Asian Development Bank inked US$300m loan pact with the
government to support the National Urban Health Mission.

Mobile telephony services may have been given the status of essential services in 2013, but
telecom operators continue to battle cell site closures across India.
With less than a week left for the RBI's next monetary policy, Moody's today said there is room
for rate cut and expressed hope that the central bank would reduce it by 0.25 per cent to push
growth.

The proposed international corridor INSTC is expected to slash time for transportation of cargo
to Russia from India to about 30 days, just half of the time presently taken, government today
said.

The ZyFin Consumer Outlook Index of India, a leading Macro Analytics firm focused on
emerging markets has registered a score of 47.3 in June 2015 as compared to 46.5 in the
previous month.

The Cabinet has approved the Consumer Protection Bill, along with foreign investments in
alternative investment funds. Along with this, another big development has been that the

Cabinet has given its approval to the amendments of the GST constitutional amendment bill,
thus inching one step closer to making GST a reality in India.
Central government agencies SFAC and Nafed have decided to move their onion stocks from
Nashik to Delhi as retail prices have almost trebled within a month. These onions will be sold
at Safal and Delhi Milk Scheme outlets, and will be cheaper than market rates by Rs 10 a kg.

A pickup in monsoon rains, along with a fall in gold prices, is expected to drive purchase of the
yellow metal in India, the world's biggest consumer. Demand for gold jewellery, coins and bars
is expected to increase to 900-1,000 tonne in 2015 from last year's 842.7 tonne, said
Somasundaram PR, managing director, World Gold Council's India operations.

Mobile telephony services may have been given the status of essential services in 2013, but
telecom operators continue to battle cell site closures across India.
Government received Rs10.3bn in upfront payment from auction and allotment of coal blocks
that held earlier this year. In a written reply, Coal and Power Minister informed the Lok Sabha
that the upfront payment from auction of coal blocks is Rs3.42bn.
Moody's cautioned against tampering with the independence of the Reserve Bank of India in
deciding on interest rates saying it would hurt India's economic prospects.
With less than a week left for the RBI's next monetary policy, Moody's said there is room for
rate cut and expressed hope that the central bank would reduce it by 0.25% to push growth.

The government is planning to print 15 crore currency notes of Re 1 denomination every year
with effect from January 1, 2015, Minister of State for Finance Jayant Sinha said in a written
reply in Rajya Sabha.

ICRA expects that given the continued sugar surplus scenario in the domestic market and
limited possibility of exports in face of falling international sugar prices, domestic sugar prices
will continue to remain under pressure in the near term. Sugar mills are likely to liquidate their
sugar stocks at low prices following pressure from various state governments to clear the high
cane arrears. Thus, in the domestic market, high cane costs along with low sugar realizations
continue to weigh heavily on the profitability and liquidity of the sugar mills.

Government is looking at possibility of enhancing the capital allocation for public sector banks
during this fiscal, Finance Minister Arun Jaitley said to the Rajya Sabha.

A report published by the National Sample Survey Office (NSSO) on Thursday revealed a
sharp 24 percentage points drop in the number of rural households using kerosene for lighting,
and an equal increase in electrified households since 1999-2000, the date of the last such
relevant survey.

Top Corporate News

The Food and Drugs Administration of Maharashtra told the Bombay High Court that Maggi
noodles manufacturer Nestle India violated laws with the lead level in the popular instant
snack being above the permissible limit.

Gulf carrier Qatar Airways on Tuesday said it is in talks with IndiGo, the market leader in
India's aviation sector, to buy stakes in the airlines.

Amtek Auto Ltd has announced that the Board of Directors of the Company at its meeting held
on July 28, 2015, has approved to raise funds through various means i.e. issue of equity and
convertible/non convertible securities or other equity linked securities.
Qatar Airways said it is in talks with IndiGo to buy stakes in the airlines. It denied news reports
that it is holding discussions for a "commercial stake" or engage in a "partnership" with
SpiceJet.
An unprecedented surge in imports is hurting and causing harm to the domestic steel industry,
said Sajjan Jindal, chairman and managing director, JSW Steel.
The Intellectual Property Appellate Board has allowed a petition of Hindustan Unilever Ltd
for early hearing and asked the registry to number a counter appeal filed by Kerala-based
Thahir Group, in a dispute related to the latter's trade mark 'Sun Plus'.
PVR Ltd will be installing Dolby Atmos in 50 of its cinema screens across the country over the
next two years. When completed, this will be one of the largest rollouts of Dolby Atmos screens
by any multiplex chain in India.
Mahindra Holidays & Resorts India Ltd will add 700 units in the next 2-3 years. It would
cost around Rs5.25bn for the proposed expansion.
An overseas wholly-owned subsidiary of Hero Motocorp will acquire ownership of certain
tangible and intangible assets of Erik Buell Racing for a consideration of US$2.8m.
Adani Enterprises said it plans to raise up to Rs60bn through issuance of securities to sustain
rapid business growth.

R P P Infra Projects Ltd has bagged two orders worth Rs728m from Chennai Corporation.
The project is funded by World Bank for Construction of Integrated Storm Water Drain in
Coovum watershed.
The Maharashtra government is working on a proposal to offer equity to NTPC in its power
generation company MahaGenco.
Glenmark Pharmaceuticals' proposed generic version of Bayer AG's Finacea, a gel for
treating the common skin condition rosacea, infringes Bayer's patent, a US court ruled.
Saddled with bad loans, PNB said it has reported to RBI 400 'wilful defaulters', and plans to
sell Non Performing Assets worth up to Rs30bn to ARCs in the current fiscal.
ONGC Petro additions Ltd has begun talks for stake sale to strategic partners, to
Petrochemical Industries Company.

Budget carrier SpiceJet is looking at fresh aircraft orders as part of its growth plans, its finance
chief Kiran Koteshwar said.

Sun Pharmaceutical Industries is cutting staff again as it digests the $3.2-billion acquisition
of Ranbaxy LaboratoriesBSE 5.63 %. Facing the axe this time are research and development
staff, a move that comes a month after about 150 senior executives were asked to leave.

Lincoln Pharmaceuticals Ltd, company is based at Ahmedabad and engaged in Manufacturing

and Export of Pharmaceuticals formulations under various Therapeutic product group, plant
duly complied with WHO-GMP guidelines. The company is exporting more than 45 countries
along with Domestic market in more than 20 states in India.
Essar Oil has received approvals from National Stock Exchange and BSE to delist its shares,
company Managing Director & CEO said. Delisting the company would give promoter Ruia
borthers, greater flexibility and less regulatory scrutiny while selling a stake in the refiner.
Short-term policy direction of the government in the last 3-5 years towards the infrastructure
sector was posing a bigger risk to the growth of sector, which otherwise had done better since
1990, said Srei Infrastructure Finance Ltd chairman and managing director.
Maharashtra's Food and Drugs Administration argued in the Bombay High Court that Nestle
India had burnt several tonnes of Maggi after the state's ban order was imposed on this food
snack, instead of going in for a re-test of the samples.
After turning around its core battery business and cornering a significant chunk in the LED
market, Eveready Industries managing director is set to diversify further and enter the home
and kitchen appliances market.

IndiGo issued a statement saying it is holding preliminary discussions with Gulf carrier Qatar
Airways "to explore potential marketing arrangements" and not for selling stakes. It dismissed
media reports suggesting a stake sale as "baseless".
SpiceJet is working on a fleet expansion plan and is in talks with plane makers Boeing and
Airbus to acquire between 80-120 planes over the next eight years.
General Motors announced closure of its Halol plant and a plan to invest US$1bn to double
market share by 2020. The money will be used primarily to expand the capacity at Talegaon
plant from 130,000 to 220,000 units by 2025.
Sundaram Finance Ltd has acquired the entire 26% held by Royal & Sun Alliance Insurance
PLC in Royal Sundaram Alliance Insurance Company Limited. Total consideration was around
Rs4.5bn.
Maruti Suzuki India plans to accelerate new product launches in the country in line with its
vision of selling 2m cars per annum by 2020.
Alstom T&D India will supply transformers for Neyveli Thermal Power Station. The company
has bagged the order, which is estimated to be around Rs800m.
The US-based Purdue University has signed a Memorandum of Understanding with Dr
Reddy's Laboratories Limited to strengthen pharmaceutical research and development.
BPCL is set to import a rare cargo of Sokol crude from Russia's Far East as it takes advantage
of a regional glut to secure cheaper oil.
TVS Motor has lined up three major launches, a new four-stroke Moped, a new TVS Victor
and Apache 200cc, in the next six months.
Reliance Power has challenged the government decision of cancelling allocation of Chhatrasal
coal block to its subsidiary Sasan Power Ltd.
In a bid to make its reach deeper and wider, Essar Hypermart, the retail arm of Essar Steel,
announced the launch of its online platform www.ehypermart.in that will make the alloy
available to its customers online.
Thomas Cook has acquired Luxe Asia, a destination management company in Sri Lanka, to
grow its overseas business. The company did not disclose the deal size, which was carried out
through its Sri Lankan subsidiary.
Gateway Distriparks said it is expanding footprint in new geographical areas as it has
acquired about 48 acres land at the Krishnapatnam Port near Nellore in Andhra Pradesh for
setting up a container freight station and warehouses.
In six weeks Mahindra & Mahindra would be introducing its second all-new product when it
launches the mini sports utility vehicle TUV3OO to challenge the Ford Ecosport in the sub-4
meter segment.
Bharti Airtel rolled out latest 4G technology in Meghalaya's capital Shillong, the first in North
East.

Ahead of launching commercial operations of 4G services, Reliance Jio Infocomm Ltd, the
telecom arm of Reliance Industries Ltd, plans to raise Rs35bn debt to fund roll-out expenses.
Kansai Nerolac said that it would invest Rs2.2bn to set up a manufacturing unit in Punjab and
a global R&D centre at Navi Mumbai.
BSNL will invest Rs60bn over the next three years to set up some 40,000 Wi-Fi hotspots across
the country, its chairman-cum-managing director said.
Indoco Remedies Ltd said it is looking at an investment of Rs1.25bn for expansion of its
sterile ophthalmic facility at Goa and for setting up a greenfield API facility at Patalganga in
Maharashtra.
Nava Bharat Ventures Ltd has announced it has achieved financial closure for its step-down
subsidiary, Maamba Collieres Ltd, an integrated coal and power project in Zambia, estimated to
cost US$828m.

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