TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 7664.35/16145.85. According to technical analysis if Nifty
futures and Bank Nifty future moves down-word in tomorrow treading session then 7648 will be small support for
Nifty futures and 16031will be small support for Bank Nifty futures. If it break this level then then Nifty futures
can go down to 7564 level and Bank Nifty futures can touch 15745 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 7732 for Nifty futures
and 16317 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures
on 7950 and 17043 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

R2
8202

R1
7866

PP
7698

S1
7531

S2
7195

WEEKLY

R2
9096

R1
8224

PP
7788

S1
7352

S2
6479

MONTHLY

R2
9149

R1
8307

PP
7845

S1
7272

S2
6293

DAILY

R2
17902

R1
16757

PP
16184

S1
15611

S2
14466

WEEKLY

R2
21036

R1
18010

PP
16497

S1
14984

S2
11958

MONTHLY

R2
21132

R1
18179

PP
16532

S1
14768

S2
11712

BANK NIFTY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8170

8355

8311

8453

BANK NIFTY

17723

18300

18175

18553

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

8114

8660

890

BANK NIFTY

18366

19252

20750

NSE EQUITY DAILY LEVELS

COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC

EQ

1489

1423

1382

1357

1316

1292

1228

ALBK
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
EQ

85
230
873
512
2311
191
142
218
369
725
366
134
4443
316
3571
1004
1210
1046
2424
81
866
280
330
885
1171
916
666
1628
1197
42185
4258
249
139
63
357
885
361
41
242
104
941
352
65
245
172

81
221
741
491
2259
181
135
212
358
691
355
125
4628
301
3471
975
1177
1020
2359
78
848
269
323
859
1127
868
637
1584
1156
40584
4170
238
132
61
337
861
344
38
234
99
904
338
61
233
164

78
216
727
479
2231
177
132
209
354
670
351
120
4161
290
3419
958
1159
1008
2324
76
839
263
319
850
1100
843
621
1559
1131
39517
4112
232
128
59
330
848
332
37
229
96
880
330
58
226
160

77
213
809
471
2207
171
129
206
348
658
344
116
4093
285
3371
947
1145
994
2295
74
831
259
317
833
1083
819
608
1539
1116
38983
4081
226
125
58
317
836
326
36
226
94
866
323
57
221
156

74
211
795
458
2180
167
125
203
343
637
341
111
3986
275
3319
930
1127
982
2260
72
821
253
312
824
1056
795
592
1514
1090
37916
4024
220
121
56
310
823
315
34
222
91
843
315
55
214
152

72
206
777
450
2155
161
122
200
337
625
334
106
3918
269
3271
919
1113
968
2230
71
813
248
310
807
1039
771
578
1494
1075
37382
3993
215
118
55
297
812
308
33
219
89
829
308
53
209
148

67
196
731
427
2087
152
116
195
326
597
324
97
3832
254
3189
895
1083
944
2179
68
798
239
304
783
1002
739
559
1457
1042
37112
3922
209
111
54
281
796
296
31
213
86
793
292
49
196
142

SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

TOP 15 ACHIEVERS
PREV
CLOSE

CMP

UNITED NILGIRI TEA

ALPHA GEO

251.90
298.75

353.95
390

DINDAL DRILLING
SUN TV

117.95
325.65

147.55
390.20

TVS ELECTRONICS
ESSSAR OIL

95.55
161.85

113.10
191.50

326.65
247.65

385.65
283.50

CAIRN INDIA
ESCORT LTD

129.75
144.60

146.80
163.50

BALRAMPUR CHINI
RCOM LTD

39.80
52.30

44.95
58.55

CENTRAL BANK
RELCAPITAL

63.85
294.50

69.95
321.85

VEDANTA

85.55

93.25

SR.NO

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

SCRIPT NAME

PC JEWELLER
UNICHEM LABS

//
% CHANGE

SR.NO

+40.51

+30.54

+25.10

+19.82

+18.37

+18.32

+18.06

+14.45

+13.14

+13.07

10

+12.94

11

+11.95

12

+9.55

13

+9.29

14

+9.00

15

TOP 15 LOOSERS
SCRIPT NAME

GLENMARK
PHARMA
BHEL

PREV CLOSE

1197
240.15

CMP

1026
206.20

% CHANGE

-14.27
-14.14

FINANCIAL TECH.
AMARA RAJA
BATT.

116.20
1056.90

100.10
948

-13.86
-10.30

CENTURY PLY
BHARAT RASAYAN

156.65
987.85

140.85
894.20

-10.09
-9.48

ALSTOM INDIA
CESC LTD

685.65
537.45

622.10
489.55

-9.27
-8.91

CENTURY
TEXTILES
MAHI. & MAHI.

552.05
1215.50

503.75 -8.75
1110.60 -8.63

SBI
PUN, NATIONAL
BANK

245.70
142.40

225.15
130.75

-8.36
-8.18

CANARA BANK
UNION BANK

278.60
170.15

256.65
156.85

-7.87
-7.82

ALLAHABAD
BANK

82.95

76.50

-7.78

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1.

ZEEL FUTURE : - ZEEL FUTURE OPEN AT 371.95 AND CLOSE AT 363 MADE HIGH OF 374.85
AND LOW 361.20. TODAYS MOVEMENT OF ZEEL IS IN BEARISH TREND IN CONTINUE IN
BEARISH TREND BELOW ITS LOW OF 361.20 WE CAN MADE POSTION BELOW THIS LEVEL
IF NIFTY MOVEMENT IS IN DOWNTREND.

2.

SBIN FUTURE - SBIN OPEN AT 231.95 CLOSE AT 224.90 AND MADE HIGH OF 232.35 AND
LOW OF 224.10 . 224 IS STRONG SUPPORT LEVEL.IT CONTINUE IN BEARISH TREND BELOW
224 LEVEL IF BANK NIFTY MOVEMENT IS IN BEARISH TREND.

3.

RECLTD FUTURE - RECLTD OPEN AT 248.20 AND CLOSE AT 235.60 MADE LOW OF 234.05
AND HIGH OF 249.15.TODAYS RECLTD MOVMENT IS IN BEARISH TREND.DAILY MOVEMNT
OF RECLTD IS ALSO IS IN BEARISH TREND.IT CONTINUE IN ITS BEARISH TREND BELOW
THE LEVEL OF 234 WE CAN MADE SHORT POSTION FOR THE WEEK IF NIFTY MOVEMENT
IS IN BEARISH TREND.

4.

ASHOKLEYLAND - ASHOKLEYLAND OPEN AT 89 AND CLOSE AT 85.25 MADE LOW OF 84.25

AND HIGH OF 89.05.TODAYS MOVEMENT OF ASHOKLEYLAND IS IN DOWNTREND
OVERALL WEEKLY MOVEMNT OF ASHOKLEYLAND IS IN BEARISH MOVEMNET IT
CONTINUE IN BEARISH TREND BELOW THE LEVEL OF 84 WE CAN MADE SHORT POSTION
IN IT IF NIFTY MOVEMNET IS IN BEARSIH TREND.

5.

ACC FUTURE - ACC OPEN AT 1408.40 AND CLOSE AT 1351.10 MADE LOW OF 1336.05 AND
HIGH OF 1408.40 TODAYS MOVEMNT OF ACC IS IN BEARISH TREND.OVERALL DAILY
MOVEMENT OF ACC IS IN BEARISH MOVEMNT IT CONTINUE IN BEARISH TREND BELOW
THE LEVEL OF 1336 WE CAN MADE SHORT POSTION BELOW THIS LEVEL IF NIFTY
MOVEMNET IS IN DOWNTREND,

6.

AMBUJACEM - ON DAILY CHART IF AMBUJACEM BREAKS THE SUPPORT OF 210/208

TGEN IT MAY CORRECT UPTO 203/200.

7.

ALBK - IF ALBK BREAKS 75 LEVEL ON DAILY CHARTS THEN IT MAY CORRECT UPTO 72
THIS WEEK.

8.

PNB - IF PNB BREAKS THE 133 LEVEL ON DAILY CHART THEN IT CAN SHOW UPWARD
MOMENTUM UPTO THE LEVELS OF 137/141.

9.

DELTACORP - IF DELTACORP BREAKS 74 LEVEL ON DAILY CHART THEN IT MAY CORRECT

UPTO 70 THIS WEEK.

10. CAIRN - CAIRN CAN SHOW UPWARD MOMENTUM UPTO 153/157 IF IT CLOSES ABOVE
148/150 LEVEL ON DAILY CHARTS.

CURRENCY MARKET
EURINR

R2

R1

PP

S1

S2

DAILY

76.10

74.85

74.25

73.60

72.40

WEEKLY

R2
79.55

R1
76.25

PP
74.60

S1
72.90

S2
69.60

MONTHLY

R2
79.55

R1
76.25

PP
74.60

S1
72.90

S2
69.60

JPYINR

R2

R1

PP

S1

S2

DAILY

57.85

56.55

55.90

55.25

53.90

WEEKLY

R2
59.40

R1
56.90

PP
55.70

S1
54.45

S2
52.00

MONTHLY

R2
59.40

R1
56.90

PP
55.70

S1
54.45

S2
52.00

USDINR

R2

R1

PP

S1

S2

DAILY

67.80

67.05

66.65

66.30

65.50

WEEKLY

R2
68.00

R1
67.10

PP
66.70

S1
66.25

S2
65.40

MONTHLY

R2
68.00

R1
67.10

PP
66.70

S1
66.25

S2
65.40

GBPINR

R2

R1

PP

S1

S2

DAILY

103.35

102.15

101.55

100.95

99.75

WEEKLY

R2
107.45

R1
103.80

PP
101.95

S1
100.15

S2
96.50

MONTHLY

R2
107.45

R1
103.80

PP
101.95

S1
100.15

S2
96.50

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
GE, Alstom eye Bihar railway loco projects: Report - Two global majors GE and
Alstom have reportedly emerged as winners in the race to set up two manufacturing units for
diesel and electric railway locomotives, respectively in Bihar. The two manufacturing units for
railway locomotives will attract an investment of Rs 42,000 crore in the state. The projects
have been delayed by ~10 years now, but the Railway is confident of awarding them by the end
of September, a senior Railway Board executive has told a financial newspaper. The projects
were first announced in 2006 by the then Railway Minister Lalu Prasad Yadav. The two
projects are being set up under the public-private partnership (PPP) model with the Railways
owning 26% stake and the private developer controlling the balance 76%. Meanwhile, media
reports indicate that GE Chairman Jeffrey Immelt is likely to meet Prime Minister Narendra
Modi and announce a plan to manufacture locally during his upcoming two-day India visit.
Bharti Airtel selects Ericsson to expand 3G Network in India - Bharti Airtel, Indias
leading telecom services provider has further strengthened its partnership with Ericsson by
signing a four-year agreement to expand 3G WCDMA network across eight telecom circles in
India. The new agreement includes rollout of 3G services in both UMTS 2100 MHZ and
UMTS 900MHz band. As part of the contract, Ericsson will supply, install and perform manage
services for WCDMA Radio Access Networks . Ericsson will provide its multi-standard radio
equipment from the Ericsson RBS 6000 base station family for macro and small cells. This will
enable energy-efficient and cost-effective operations while allowing the operator to meet
growing demands of better and faster mobile internet connectivity for the end-users.
Abhay Savargaonkar, CTO Bharti Airtel says: With the growing number of smartphones, our
customers are increasingly demanding ubiquitous network performance and superior user
experience. This investment in 3G network is in line with Airtels constant focus on building a
world-class, next-generation smartphone network for its customers. Refarming of 900MHz
spectrum in 3 circles to 3G is aimed at providing additional capacity and better indoor
coverage. By partnering with Ericsson, we look forward to leveraging Ericssons experience to
address the growing demands of our 3G subscribers, providing them with high-quality data
experience at all times.
Paolo Colella, Head of Region India, Ericsson says: Consumers in India are rapidly embracing

smartphones and mobile internet as a source of information and entertainment. By expanding

Bharti Airtels 3G WCDMA network, we will help them address the growing demand for
superior data services in India.
As per the India appendix of the Ericsson Mobility Report released in June 2015,
WCDMA/HSPA subscriptions are expected to increase from over 120 million in 2014 to
around 620 million by 2020, as the proportion of WCDMA /HSPA subscriptions in the total
subscription base increases from 13 per cent to 45 per cent .The total number of mobile
subscriptions in India is expected to increase to approximately 1.4 Billion by 2020, resulting in
a population penetration of 100 per cent.
IRB Infra arm inks pact with NHAI for Rs. 2,650 crore road project - IRB Infrastructure
Developers Ltd has announced that AE Tollway Private Limited - Wholly-owned Subsidiary of
the Company, has now executed Concession Agreement with NHAI for the project of Six
Laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the State
of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode.
Key highlights of the Project are as under:
The Project is on DBFOT Pattern
The estimated project cost of the company is approximately Rs. 2,650 crores
The concession period of the project is 24 years
Construction period is 910 days.
The Company will get tolling rights on Agra - Etawah Bypass section of NH-2 from the
Appointed Date
The Company has offered premium of Rs. 81 Crores to NHAI, which will increase by 5% YoY.
With this Project, IRB has expanded its base in 8th state viz. Uttar Pradesh.
UTI Mutual Fund launches FTIF Series XXIII-I - UTI MF has introduced the UTI FTIF
Series XXIII-I, a close ended income scheme. The NFO opens for subscription on September
03, 2015 and closes on September 10, 2015. No entry load and exit load will be applicable for
the scheme. The minimum subscription amount is Rs 5000. The schemes main investment
objective is to generate returns by investing in portfolio of fixed income securities maturing on
or before the date of maturity of the scheme.
Sun Pharma clarifies on drug recall - The Exchange had sought clarification from Sun
Pharmaceutical Industries Ltd with respect to news article appearing in Mint on August 31,
2015 titled "Sun, Wockhardt recall drugs from US" Sun Pharmaceutical Industries Ltd clarified

that it is the voluntary recall initiated by our Company for certain stated medicines. We further
state that it has no/would have no material impact on Company's performance, operations or
revenues.
HCL signs 3-yr deal with Manchester United - The tech operations of HCL Technologies
will now be handled at football club Manchester United since the company has secured a
three-year contract which will enable Indian IT company create an innovation lab at Old
Trafford. Manchester United and HCL Technologies will both invest in the deal, details of
which weren't disclosed, as per the report. The deal has been pegged at $30 million as per the
report. HCL Technologies is the first Indian company to sign up with a sporting franchise as of
now, stated the report. We have 659 million fans, and we interact with 100 million of them
digitally. I think that ManU is unique in that scale, not to sound immodest," Richard Arnold,
group managing director of Manchester United said in an interview to ET. "So we required an
industrial-level solution (and) that is what we found HCL could bring. The lab would
showcase innovation in digital technology and create a platform to interact with fans. The
partnership is mutually beneficial for Manchester United and all forward-looking companies,
said the companys chief executive officer Anant Gupta, as mentioned in the report. Besides
providing a platform for HCL Technologies, the data and insights which the company will
receive via the partnership could be used to leverage for the firms other clients, as per
Krishnan Chatterjee, senior vice president, HCL Technologies.
TCS gains after board approves merger with CM - Shares of TCS Ltd were trading
higher 2.6% at Rs. 1,712 on BSE today. According to media reports, Bombay HC approved
merger with CMC. On Tuesday, the IT Company announced the inauguration of a Japan-centric
Delivery Center (JDC), located within TCS Sahyadri Park in Pune. The stock opened at Rs.
2,560 as against the previous close of Rs. 2,539 on BSE. It has hit a high of Rs. 2,619 and a low
of Rs. 2,547 on BSE today.
Total traded quantity on the counter stood at over 0.33 lk shares on BSE.
Godrej Properties climbs 2% on project launch - Shares of Godrej Properties Ltd ended 2%
higher to Rs. 299 after the company announced the launch of its residential township project,
Godrej Prana, in Pune. Spread across 31 acres, the first phase of the project comprises of a total
saleable area of approximately 65,000 sq. mt. This project is strategically located in Undri and
offers excellent connectivity to Pune railway station, Nagar road, Pune-Kolhapur Highway, IT
hubs and the city center. It is in close proximity to major urban areas like NIBM, Hadapsar and
M.G. Road. The stock hit a high of Rs.300 and a low of Rs.295 on BSE today. Total traded

quantity on the counter stood at over 0.30 lk shares on BSE.

Telangana to spend Rs. 81,000 cr on irrigation projects - Telangana government said on
Wednesday that it will spend Rs. 81,000 crore in the next three years to complete pending
irrigation projects and take up two new projects to lift water from the Godavari and Krishna
rivers. We have completed the process of redesigning of all existing projects irrigation in
Telangana, to benefit the state as much as possible, Telangana chief minister K. Chandrasekhar
Rao said. Rao said that his government will come out with a new irrigation policy in the
coming days. He also announced an allocation of Rs. 3,900 crore to build 60,000 housing units
for people living below the poverty line. The Telangana government added that it will allocate
Rs. 2,631 crore to the Greater Hyderabad Municipal Corporation to build multi-level flyovers
to ease the traffic problem of Hyderabad city.
ICICI Prudential MF launches Fixed Maturity Plan-Series 77-1144 Days Plan T - ICICI
Prudential Mutual Fund has introduced the ICICI Prudential Fixed Maturity Plan-Series
77-1144 Days Plan T, a close ended income scheme. The NFO opens for subscription on
September 01, 2015 and closes on September 07, 2015. No entry load and exit load will be
applicable for the scheme. The minimum subscription amount is Rs 5000. The schemes
performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund
managers are Rahul Goswami and Rohan Maru. The schemes main investment objective is to
generate income by investing in a portfolio of fixed income securities/debt instruments
maturing on or before the maturity of the Scheme.
Tata Motors sales for August 2015 at 40,680 units - Tata Motors continued to witness
strong year-on-year growth in certain key segments in August 2015, with passenger cars,
M&HCV and Exports, growing by 19%, 31% and 16%, respectively.Total sale of Tata Motors
passenger and commercial vehicles were flat at 40,680 vehicles sold in August 2015, over
40,883 vehicles sold in August 2014. The domestic sale of Tata commercial and passenger
vehicles for August 2015 were at 35,478 nos., a decline of 3% over 36,403 vehicles sold in
August 2014. Cumulative sales for the fiscal at 1,97,344 nos., higher by 4% over 1,90,516
vehicles, sold last year.
Passenger Vehicles - In August 2015, Tata Motors passenger vehicles recorded a
year-on-year growth of 2%, with sales of 11,194 nos., compared to 10,975 nos.The growth
trend was driven by the cars segment, specifically the new launches. The sale of the passenger
cars in August 2015 were higher by 19% at 9,814 nos., compared to 8,229 nos.,in August 2014.

UV sales declined by 50% at 1,380 nos., in August 2015. Cumulative sales of all passenger
vehicles in the domestic market for the fiscal are 53,232 nos.,higher by 19% over last year.
Commercial Vehicles - In commercial vehicles, M&HCV sales continued to grow at 12,017
nos., higher by 31%, over August 2014. The Light & Small Commercial Vehicle sales however
continued to reflect industry decline and were at 12,267 nos., a decline of 25% over August
2014. These impacted the overall commercial vehicles sales for Tata Motors in the domestic
market, that were at 24,284 nos. in August 2015, a decline of 4% over August 2014.
Vascon Engineers raises Rs. 100 crore via rights Issue - Real estate developer and
engineering firm Vascon Engineers is reportedly planning to raise Rs. 200 crore through rights
issue and sale of non-core assets to cut down on its debt burden. The rights issue was
subscribed over 130%. The promoters of the company infused Rs. 60 crores through this issue.
Honda Cars registers monthly domestic sales of 15,655 units - Honda Cars India Ltd.,
leading manufacturer of premium cars in India, registered monthly domestic sales of 15,655
units in August 2015 against 16,758 units in the corresponding month last year. The company
registered a cumulative domestic sales of 78,708 units in the period April-August 2015 against
73,185 units for the corresponding period last year marking a growth of 7.5%. HCIL also
exported a total of 585 units during August 2015. Honda Cars India Ltd., leading manufacturer
of passenger cars in India was established in December 1995 with a commitment to provide
Hondas latest passenger car models and technologies, to the Indian customers. HCIL has two
state-of-the-art manufacturing facilities at Greater Noida, U.P and Tapukara, Distt. Alwar,
Rajasthan.
Telephone subscribers reach 100.69 crore in June 2015 - The total telephone subscribers
in the country have reached 100.69 crore (1006.96 million) at the end of June, according to the
TRAI press release published today. The wireless subscribers have increased by 5.02 million to
980.81 million while wireline subscribers have declined by 0.12 million to 26.15 million. The
number of telephone subscribers in India increased from 1,002.05 million at the end of May-15
to 1,006.96 million at the end of Jun-15.As on 30th June, 2015, the private access service
providers held 91.75% market share of the wireless subscribers whereas BSNL and MTNL, the
two PSUs access service providers, held only 8.25% market share. In the month of June, 2015,
3.68 million subscribers submitted their requests for Mobile Number Portability. With this, the
cumulative MNP requests increased from 160.25 million at the end of May, 2015 to 163.93
million at the end of June, 2015. Number of active wireless subscribers in June, 2015 was

881.09 million. At the end of June, the wireless base of Airtel stood at 23.06 crore, Vodafone at
18.53 crore, Idea at 16.20 crore, Reliance at 10.99 crore, Tata at 6.15 crore, Aircel at 8.30 crore,
Uninor at 4.81 crore, Sistema Shyam Teleservices at 86.96 lakh and Videocon at 76.10
lakh.West Bengal service area recorded the highest growth rate in wireless subscribers during
the month of Jun-15, whereas U.P.(E), J&K and Tamilnadu service areas showed decline in
subscriber base during the month.
Punj Lloyd plans to expand defence facility: Atul Punj - Punj Lloyd is planning to
expand Gwalior facility, according to reports. "We will be adding on new facilities in other
states as well. Rajasthan, Karnataka, Andhra Pradesh are the options," Punj Lloyd Group
Chairman Atul Punj said. Report says that the group is also planning to investment in the
range of up to Rs 2,000 crore depending on the opportunity.
DoubleLine Capital launches commodity mutual fund

DoubleLine

Capital,

the

investment firm overseen by Jeffrey Gundlach, introduced a new mutual fund to provide
investors exposure to commodities markets and help them diversify. The DoubleLine Strategic
Commodity fund proposed to seek long-term total return through short and long exposures to
commodity-related investments, including through the use of derivatives and leverage. Jeffrey
Sherman, portfolio manager said, "A broad mix of commodities historically has shown low
correlations to stocks, bonds and cash. So commodities can diversify a portfolio invested in
traditional asset classes." He also added that in addition, commodities can serve as a hedge
against unexpected inflation. The fund includes two share classes; Class I shares will have a
minimum $100,000 initial investment for regular accounts and a 1.11% expense ratio, while
Class N shares will have a minimum $2,000 initial investment and a 1.36% ratio, after fee
waivers or expense reimbursements.
Mahindra Tractors sells 10,751 units in India during August 2015 - Mahindra &
Mahindra Ltd.s Farm Equipment Sector , a part of the USD 16.9 billion Mahindra Group,
today announced its sales numbers for August 2015. Domestic sales in August 2015 stood at
10,751 units, as against 13,733 units during August 2014. Total tractor sales during August
2015 stood at 11,699 units, as against 15,006 units for the same period last year. Exports for the
month stood at 948 units. Commenting on the months performance, Rajesh Jejurikar, President
& Chief Executive - Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd.
said, We sold 10,751 tractors in the domestic market during August 2015. While monsoon has
reported 12% deficient so far, we are hopeful that improved rainfall in the remaining period
would infuse positive sentiment for the coming season. In export markets, we sold 948
tractors.

 FII selling in August hits record at US$2.5bn - The month of August saw record high
selling of Indian equities by the FIIs, as mounting concerns over China prompted overseas
investors to reduce exposure to risky Emerging Markets, including India. FIIs sold Indian
shares worth Rs. 168.77bn in August, more than the previous monthly record of Rs. 153.47bn
in October 2008, according to data from National Securities Depository Limited.Despite heavy
selling in August, FIIs remain net buyers in Indian shares at Rs. 275.2bn so far this year.

Top Economy news

Indian companies have raised over Rs8bn through retail issuance of non-convertible debentures
so far in the current fiscal, down 80 per cent from a year ago. In comparison, Rs.40bn was
mobilized through 11 such issuance in the year-ago period, latest data from SEBI showed.
Non-food credit of scheduled commercial banks decelerated to 8.4% in July as against a growth
of 12.6% in the same period last year, RBI data showed.
The railways have finally identified the projects that will be funded by the Rs 1.5 tn loan that
Life Insurance Corporation has extended to the cash-strapped organization for the next five
years.
The number of Internet users in India rose 32% last year, to reach 302 mn, according to the
Internet and Mobile Association of India, which includes members such as Google, Microsoft,
eBay, IBM, Flipkart, Ola Cabs and LinkedIn.
To take ahead the 'Make in India' campaign, a new Automotive Mission Plan 2026 has been
decided by the automative industry and the government. Creating a strong rock for the
automobile industry for next decades SIAM and government, plans to keep it along with global
standards rising n value to over 12 percent of Indias GDP and generating an additional 65
million jobs.
Expressing concerns over the outflow of funds from developing countries, including India,
through money laundering and other ways, Minister of State for Finance Jayant Sinha today
said as much as USD 300-600 billion moves out through such channels.

About 30-40 lakh tonnes of onions get wasted every year due to inadequate storage facilities in
the country, a senior Commerce Ministry official today said while pitching for private
investments in such units.
As a nationwide strike of trade unions hit banking and other services today, business chambers
today pegged the loss to the economy at a staggering Rs 25,000 crore and said such
"disruptive" actions can hit India's image as an attractive business destination.
The Indian economy is clearly recovering -- not slowing down -- and is on course to record
close to 8 per cent growth this fiscal, Arvind Subramanian, Chief Economic Advisor in the
Finance Ministry, has said.
A cyclical recovery is under way for the Indian economy, and the countrys GDP growth is
expected to improve to 7.8 per cent this fiscal from 7.3 per cent in 2014-15, a Nomura report
says.
India ranks among the top five sovereign debt issuers from the emerging economies after
China, said Moodys Investors Service. The top five largest sovereign EM debt issuers, as of
end-2014, were China (with USD 3.5 trillion total sovereign debt outstanding), India (USD 1.3
trillion), Brazil (USD 1.2 trillion), Mexico (USD 387.5 billion) and Turkey (USD 265.5
billion), it said in a report.
The food safety regulator, FSSAI, has done away with process of product approvals in line with
a recent Supreme Court order and now plans to reintroduce the procedure through regulations.

Petroleum Minister Dharmendra Pradhan said the government would soon finalise a formula to
calculate premium on gas pricing for difficult blocks.
India's dependence on imports to meet its oil needs is expected to touch 90% in next two
decades and the country needs to diversify its energy basket through use of alternative fuels, an
India Tech-PwC report has said.
The roads, transport and highway ministry has fasttracked a Rs 51bn project to build 225

over-bridges on major railway level crossings, which account for 40% of all train accidents and
66% of fatalities.
Indian economy grew at 7% in the first quarter of FY16, well below 7.5% growth recorded in
the previous quarter and consensus estimate of 7.4%. The data shows growth was pulled down
by agriculture, moderate rise in electricity generation, and lower government spending.
Marking first major FDI offer in the railways, three global companies have submitted financial
bids for setting up of a modern electrical locomotive factory in Madhepura in Bihar at the cost
of nearly Rs 13bn.
The Punjab government said it has received bids from as many as 18 companies for setting up
solar projects in the state which will attract investment of Rs 35bn.
The government is in the process of framing regulations for exploration and mining in offshore
blocks, which contain minerals such as zirconium, titanium, thorium, tungsten and rare earth
elements.

Marking a key step in the NDA government's infrastructure push, Minister of Urban
Development Venkaiah Naidu announced the list of ninety eight smart cities that the
government has shortlisted. While Uttar Pradesh has bagged the maximum number of smart
cities projects at 13, Tamil Nadu has got 12 and Maharashtra 10. Madhya Pradesh will have
seven smart cities and Gujarat and Karnataka will have six each.

The talks between the five-member Ministerial panel, headed by Finance Minister Arun Jaitley,
and leaders of central trade unions, remained inconclusive with the unions firm on their
decision on a country-wide strike on September 2. Trade unions, which are protesting
anti-labour changes in certain key laws, against disinvestment in PSUs and FDI in Railways,
Defence, contractorisation of labour, among other things

Top Corporate News

Singapore wealth fund GIC will invest about Rs 19.9bn in a new joint venture with real estate
developer DLF that will build two projects in the Indian capital New Delhi, the two firms said

in a joint statement.
The day-long nationwide strike called by 10 central trade unions crippled iron ore production of
state-owned NMDC by nearly 75,000 tonnes across all its mines, a senior official of the PSU
said.
The government will auction 69 idle oil and gas fields of state-owned ONGC and Oil India to
private firms on a new revenue sharing model and liberalised terms including pricing and
marketing freedom.
HCL Technologies has won a contract to transform the operations of UK football club
Manchester United, a deal that will see the Indian IT player create an innovation lab in the
iconic Old Trafford Stadium.
Mahindra & Mahindra is working to expand presence of Peugeot Motocycles, in which it had
acquired a majority stake, beyond Europe by entering markets like North Africa and Vietnam.
Ratings agency Fitch has downgraded viability rating of state-owned Punjab National Bank
by a notch while affirming ratings on nine other banks, including SBI and ICICI Bank.
Larsen & Toubro has bagged an order worth Rs 10.7bn to build tracks for the Riyadh metro
project in Saudi Arabia, the engineering major said.
Inox Wind said it has bagged an order for a 100 MW wind power project at Lahori in Madhya
Pradesh from Ostro Energy.
Maruti Suzuki launched its first hybrid vehicle by upgrading the diesel Ciaz with hybrid
features at a price cheaper by up to Rs 20,500 than the existing diesel variant that is being
phased out.
Welspun Corp said its shareholders have approved borrowing up to Rs 5bn through issuance
of securities.
Reliance Communications said it is in talks with several state governments to bag smart grid
and smart city projects as it sees business from cloud offerings and internet of things under
enterprise segment to touch about a fifth of its revenue in next five years. The company has tied

up with US-based Jasper, which provides software for connected machines, IoT though the
network of 120 telecom operators globally, to offer its services in India.
Aurobindo Pharma Limited announced that the company has received the final approval
from the US Food & Drug Administration to manufacture and market Entecavir Tablets, 0.5mg
and 1mg.
Sun Pharmaceuticals has completed the acquisition of GSK's opiates manufacturing facilities
in Australia.
Drug firm Lupin has received approval from US health regulator USFDA to market generic
Omeprazole delayed-release capsules (40mg), used to treat ulcer, in the American market. The
drug is also used for healing of erosive esophagitis and pathological hypersecretory conditions.
Auto components maker Bosch inaugurated its new manufacturing plant at Bidadi, near
Bangalore, which has come up at an investment of Rs3.4bn. The plant, which has come up on
an area of 38,000 sqm, would manufacture products for the diesel systems division.
Vedanta said that collapse in aluminium prices and lack of availability of bauxite from Odisha
have forced the conglomerate to opt for a gradual closure of its Lanjigarh facility in the State.
Godrej Consumer Product Ltd said its shareholders have approved a proposal to raise up to
Rs3bn through issue of nonconvertible debentures on private placement basis. The company
has said it will raise the fund in one or more tranches during the period of one year
commencing from the date of passing of this resolution by shareholders.
The countrys largest mortgage lender HDFC has raised Rs20bn through the sale of bonds in
order to boost lending operations and meet its future capital needs. The bonds, which have a
tenure of five years, attracted a coupon rate of 8.5%. HDFC Bank is the lead arranger of the
issue.
Promoters of Astec Lifesciences will sell 45.29% stake in the company to Godrej Agrovet Ltd
that could entail a consideration of Rs 1.7bn.
Infra-sector lender IDFC Ltd said its board has approved raising of up to Rs 800bn by issuing
non-convertible securities on private placement basis to expand business.
Suzlon Energy is planning to invest about Rs 60bn on Indias first offshore windmill project in
bay of Kutch in Gujarat.
Muthoot Fincorp has floated a new company - MPG Security Group-to take its
"technologically advanced security services through emergency response teams" nationwide.
Bosch inaugurated its new manufacturing plant at Bidadi which has come up at an investment
of Rs 3.4bn.
UltraTech Cement is poised to take its capacity to 71.2mn tonne per annum by March 31 next
year on the back of ongoing projects as well as recent acquisitions, Chairman Kumar
Mangalam Birla said.
Reliance Jio has rolled out its Jionet high speed Wi-Fi internet service at select locations in
Bhubaneswar.

Aurobindo Pharma said it has received approval from the US FDA to manufacture and market
its generic version of Eli Lilly's Evista tablets used to treat and prevent osteoporosis in
postmenopausal women.
Sun Pharma is facing a class action suit over the closure of the unit's Caraco facility in
Michigan six years ago.
Vodafone India will roll out 4G services from December starting with Mumbai, Delhi,
Kolkata, Bengaluru and Kochi, setting the stage for a slugfest with market leader
BhartiAirteland Reliance JioInfocomm.
India's second largest private sector lender, HDFC Bank reduced its base rate or the minimum
lending rate by 35 basis points to 9.35% effective from Tuesday.
The government has permitted Reliance Industries to sell up to 120k tonnes of LPG produced
at its plants to private cooking gas marketers.
Diversified group Punj Lloyd said it has won a Rs 11bn turnkey contract from Indian Oil
Corporation Ltd for work related to its Haldia Refinery.
State Bank of India expects its accounts under the Jan Dhan scheme to break even next year
given the healthy growth in average deposits in these accounts, while total deposits have more
than doubled to Rs 51bn as of June-end.
In a bid to regain its fading glory in the utility vehicle market, Mahindra & Mahindra has
lined up three models for launch over the coming festival months: TUV300, S101 and an
upgraded Quanto, codenamed U215.
Larsen & Toubro said it has won a turnkey order for Rs 15bn water supply project from Public
Health Engineering Department, Ajmer.
FMCG major ITC is set to debut its range of dairy product starting with ghee, which would be
available in the market by the end of the current quarter, a top company executive said.

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