TOP CORPORATE NEWS 04 Septmber 2014

·        JP Associates drops on Stake Sale

Jaiprakash Associates drop over 19%, after Jaypee Infra Ventures sold 1,34,89,693 shares of Jaiprakash Associates at Rs46.33 on the NSE.

·        DLF falls 9%, Haryana govt cancels 350-acre land allotment

DLF tumbled 9 percent as worried investors are offloading the stock after the Haryana government cancelled the 350-acre land allotment made to the company in 2010.

·        PNB undertakes Rs500 crore fund raising

PNB announced that the Bank is raising Rs. 500 crore Tier-II Basel III compliant Bonds at an annual coupon of 9.35% on Private placement basis from 04 September 2014 to 09 September 2014 through five arrangers.

·        TVS Motor gains after BofAML ups target to Rs 235

Shares of TVS Motor were up 5% following a buy rating on the stock by global brokerage BofA Merrill Lynch because of strong business prospects and at current levels valuations are attractive to its peers.

INDIAN BENCHMARKS end at Record High… Nifty closes above 8100

INDIAN EQUITY BENCHMARKS record high as software exporters such as Infosys rallied after strong US manufacturing and construction data, while continued foreign buying and falling oil prices also helped.

·         Bharti Airtel was up 3% after the company said its arm signed an agreement to acquire over 2.7 million subscribers of yuMobile.

·         Further, Shares of Tata Motors gained nearly 3%, after a slew of rating upgrades. Morgan Stanley upgrades the stock to Overweight from Equal-weight.

The crucial resistance for Nifty is now seen at 8140 and above this 8165. Support for the immediate term is now placed at 8090 and next support will be 8040.

INDIAN BENCHMARKS ends August series with modest gains

INDIAN EQUITY BENCHMARKS ended with amid volatility as monthly derivative contracts expired today and investors eyed GDP April-June quarter data scheduled for release tomorrow.

•    Shares in NHPC Ltd surged as much as 6.4 per cent as Traders focus could shift to hydro power as an alternative to coal in electricity generation.

•    Further, SKS Microfinance Ltd's shares rose 2.2 percent after Morgan Stanley initiated coverage with an overweight rating saying India's microfinance industry has $90 billion demand potential.

The crucial resistance for Nifty is now seen at 7970 and above this 8010. Support for the immediate term is now placed at 7940 and next support will be 7910.

INDIAN BENCHMARK opened on a flat note after two-day strong rally.

INDIAN BENCHMARK opened on a flat note after two-day strong rally. The data coming in as of yesterday is not really encouraging. Consumer inflation in July rose to a two-month high. July CPI inflation has increased to 7.96% as compared to 7.46% mom. IIP for June came in at a lower-than-expected 3.7% as against the revised May 2014 level of 5%.

FURTHER, BHEL has slipped 5.4% after a sharp 58% year-on-year drop in its net profit at Rs 194 crore for the quarter ended June 30, 2014 (Q1), mainly due to decline in sales from power and industry segments. Sun Pharmaceutical Industries Ltd reported net sales / Income from operations at Rs. 3,927 crores, a growth of 13% over same quarter last year.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 39cr, as per the provisional figures released by the NSE.

INDIAN EQUITY MARKET STRATEGY-09 JULY 2014

INDIAN BENCHMARK have erased early gains and are trading lower weighed down by financials, capital goods and auto shares. The Economic Survey will be released today by the Finance Ministry at 12 pm.

FURTHER, IDFC fell 0.51% after the company reduced the foreign investors investment limit by 0.75% to 51.50%. Shares of Reliance Infrastructure Ltd was down 2% on reports that Telangana government entity has approved a restructuring plan by consultancy firm EY for a project that includes a 100-storey trade tower in Hyderabad.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 399cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET STRATEGY-08 JULY 2014

INDIAN BENCHMARK open in the positive terrain as investors are expecting fundamental reforms and technical up gradation of the railways in the Railway Budget, which is due later during the day.

FURTHER, Dena Bank has sought Rs. 1,200 crore capital infusion from government in the current fiscal. Shares of railway related companies are in focus and trading higher by up to 4% in early morning deals ahead of Railway Budget today.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 85cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET STRETAGY-07 JULY 2014

INDIAN BENCHMARK have started the trading session on a firm note with the Indices hitting lifetime high. The first Budget session of the 16th Lok Sabha begins today.

FURTHER, Tata Power has decided to sell its 5% stake in PT Kaltim Prima Coal for about $ 250 million to reduce its debt, less than six months after offloading its holding in another Indonesian coal company named PT Arutmin. Adani Ports has formed an equal joint venture with French shipping company CMA CGM to build a container terminal at Mundra in Gujarat.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Friday while the DIIs were net sellers of Rs. 853cr, as per the provisional figures released by the NSE.

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