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29/2/2016 MONDAY 16:15 INDIAN MARKETS: SENSEX:23002(-152.3) NIFTY:6987.05(-42.7) BANKNIFTY:13946.4(+154.95) SGXNIFTY:7007.5(-57.5) EUROPEAN MARKETS: FTSE:6058.02(-37.99) CAC:4280.95(--33.62) DAX:9366.49(-146.81) ASIAN MARKETS: NIKKIE:16026.76(-161.65) STRAITS:2666.51(+17.13) HANGSANG:19111.93(-252.22) SHANGHAI:2687.83(-79.38) US FUTURES ON NSE: DOW:16480(-290) S&P500:1929(-32.75) GAINERS: ICICIBK:+2.84% KOTAK:+2.38% SBIN:+1.83% RELIANCE:+1.72% INDUSIND:+1.67% LOSERS: ONGC:-10.16% MARUTI:-5.07% CAIRN:-4.73% BHEL:-4.47% INFY:-3.31% CURRENCY:UP TO:16:15 RBI REF RATE:68.6160 USDINR MAR:68.8300(-0.34%) USDINR APR:69.2450(-0.36%) USDINR MAY:69.6300(-0.34%) COMMODITIES :UPTO16:15 MCX GOLD APR:29668(+1.13%) SILVER MAR:36235(-0.04%) CRUDE FEB:2254(-2.68%) NAT GAS FEB:118.1(-2.88%) ALUMINIUM FEB:108.45(+0.23%) COPPER FEB:325.7(-0.41%) NICKEL FEB:585.6(-0.63%) ZINC FEB:121.8(+0.41%) Maruti Suzuki hits 14-month low; exit Rs 1 lakh crore market-cap club  Gold climbs on positive globa

Union Budget 2016 Highlights. 1. Rs. 35984 crores allotted for agriculture sector. 2. Rs. 17000 crores for irrigation projects. 3. Two new Organic farming scheme for 5 lakh acres. 4. Rs. 19000 crores for Gram Sadak Yojana 5. Rs. 9 Lakh Crores Agriculture Credit Target. 6. Rs. 38500 crores for MANREGA, highest ever. 7. Rs. 2.87 Lakh crores to be spent on Villages in total. 8. Rs. 9000 crores for Swach Bharat Mission. 9. Rs. 97000 Crores for Roads. 10. Total Outlay on Roads and railway Rs. 2.18 Lk Crores. 11. Rs. 2.21 Lakh Crores on Infra Projects. 12. NHAI to raise Rs. 15000 crores via NHAI Bonds. 13. More benches for SEBI Appellate tribunal. 14. Registration of Company in One Day for Start-ups. 15. Rs. 25000 crores for Banks rehabilitation. 16. 100% FDI for food processing. 17. Non planned expenditure of Rs. 14.28 Lk Crores. 18. Planned expenditure increased by 15.3% . 19. Relief Section 87A Rs. 2000 to Rs. 5000 20. Relief Sec 80GG Rs. 24000 to Rs. 60000 21. Section 44AD limits Rs. 1

UPDATE ON FINANCIAL SECTOR New Derivative products to be developed. Revamping Banking Sector bank, Proposes 25000 Cr towards recapitalisation of PSB. Expected was more than 40000 Cr, negative for  PSB. 100 percent FDI for food processing industry will be allowed.The government will tweak FDI norms for stock exchanges, pension, insurance, asset reconstruction. "Details are in the Budget document," the FM says. The Bankruptcy Code Bill will be introduced in Parliament in FY17. But will it be passed? To allow 100% FDI in Asset recast companies. The FM proposes to tweak the SARFAESI Act, which deals with liquidation and recovery processes. A proposal for the SEBI Act is also made. Banking Board Bureaure  Be operational by 2017. To cut stake in IDBi Below 50 %. To stick to the fiscal deficit of 3.9 % in FY16 GDP.  To stick to the fiscal deficit of 3.5 % in FY17. Total expenditure at 19.7 Lakh Crores in FY17. Revenue Deficit Target of FY 16 at 2.5 %. ​Overall, the gove

Volatility Cup ****** A friend has written about yesterday's match.  I have taken it a step further into the realm of the stock market. Would like to have your reactions, friends. (1) India scored 85/5 against Pak's 83 all out, but 3 Indian batsmen got out for a duck; none for Pak, (2) In a low scoring match, India's best bowler Ashwin was the worst of all Indian bowlers 3-0-21-0. Only Wahab Riaz was worse than him in the match. Easy (but completely unfair) to conclude from a single match that Ashwin was the worst bowler (3) The second highest score in both teams was "extras". If we total up the runs in both innings, "extras" was second highest score after Virat. "Extras" accounted for more than 17% of total runs scored n the match. (4) Only 18 boundaries were scored in the entire match. Virat hit 7 of those, just one less than the entire Pakistan team's 8. Not a single six in the whole match. NOW HERE IS MY INTERPRETATION FROM A 

Golden Rules for Successful Trading 1. Divide your capital into 10 equal risk parts. 2. Never over trade. 3. Never place order for BUY/SELL without stop loss conditions. 4. Never let profit turn into loss. 5. Trade with the trend. 6. Never take lead you may loose heavily. 7. Never try to be over smart. 8. Don't trade if trend not clear 9. Don't follow tips only. 10. Use the right orders only. 11. Withdraw portion of profits. 12. Don't be whimsical about closing your trades. 13. Never buy a stock to get dividend. 14. Never average your losses. 15. Take big profits and small losses. 16. Sell short as often as you go long. 17. Never buy any stock just it is low priced. 18. Pyramid your trades correctly. 19. Decrease your trading after a series of successful trades. 20. Don't change your opinions during market hours. 21. Don't follow the crowd - they are usually wrong. 22. Buy on rumor and sell on news. 23. Take windfall gains when you get. 24. Keep your charts up to d

🔹Rollovers: (D-2 Days): 👉 Market-wide roll 48%; Nifty roll 43% §  After four sucessive sessions of closing in the green, benchmark Nifty reversed the trend and closed the session near the day’s low. The negative closing meant the index giving away the gains of the last three sessions. §  Rollovers on the D-2 picked up with the market-wide rolls moving to 48% as compared to average rollovers (last three series) of 42%. Market wide futures OI stands at ~INR 826bn compared with an OI of ~INR 853bn on the D-2 of January expiry. Long roll participation led to levels moving higher to ~50-55bps (cost to long roller) as compared to 40-45bps seen yesterday. §  Nifty rollovers were ~43% which is in line with the average rollovers (the last three series). Nifty futures roll cost (cost to long roller) also moved up to ~20-21 points owing to long aggression. §  Nifty futures hold an OI of 25.13mn shares (INR 179bn) as compared to 23.95mn shares (INR 178bn) on D-2 of January expiry. Around

List of top 50(NPA) corporate defaulters in this country. BORROWER LOAN NOT REPAID 1. Kingfisher Airlines Rs.2673 Crore 2. Winsome Diamond & Jewellery Co. Ltd.Rs. 2660 Crore 3. Electrotherm India Limited Rs.2211 Crore 4. Zoom Developers Private Limited Rs.1810 Crore 5. Sterling Bio Tech Limited Rs.1732 Crore 6. S. Kumars Nationwide Limited Rs.1692 Crore 7. Surya Vinayak Industries Ltd. Rs.1446 Crore 8. Corporate Ispat Alloys Limited Rs.1360 Crore 9. Forever Precious Jewellery & Diamonds Rs.1254 Crore 10. Sterling Oil Resources Ltd. Rs.1197 Crore 11. Varun Industries Limited Rs.1129 Crore 12. Orchid Chemicals & Pharmaceutical Ltd. Rs.938 Crore 13. Kemrock Industries & Exports Ltd.Rs. 929 Crore 14. Murli Industries & Exports Limited Rs.884 Crore 15. National Agricultural Co-Operative Rs.862 Crore 16. STCL Limited Rs.860 Crore 17. Surya Pharma Pvt. Ltd.Rs. 726 Crore 18. Zylog Systems (India) Limited Rs.715 Crore 19. Pixion Media Pvt. Limited 712 Crore 20. Deccan C

🌐Oil prices likely to remain low for 3-5 years: Mukesh Ambani http://economictimes.indiatimes.com/markets/commodities/views/oil-prices-likely-to-remain-low-for-3-5-years-mukesh-ambani/articleshow/51077221.cms via ET Markets App(Download Now): http://ecoti.in/etmtks Budget 2016: 🌐Unlike predecessors, Prime Minister Narendra Modi actively involved in Budget-making exercise - http://m.economictimes.com/articleshow/51062082.cms 🌐Government is considering a proposal to permit 49 per cent FDI through automatic approval route in the insurancesector with a view to attracting more overseasinflows. Currently, FDI up to 26 per cent is permitted through automatic approval route. For FDI up to 49 per cent, the approval of Foreign Investment Promotion Board is required. According to sources, the government could announce this decision in the forthcoming Budget as the move would help in improving ease of doing business also. "If IRDAI is looking at the proposal, RBI too is looking at and

Business Standard Ø  Supreme Court cracks the whip on bank NPAs, air routes Ø  Iran invites India to invest in projects worth $8 bn Ø  Gas cos oppose move to end monopoly rights Ø  FDI inflows in the country improving: Sitharaman Ø  Don't take back spectrum if cap changes: Trai Ø  Tax collections reach 72% at Rs 5.74 lakh crore Ø  Notice to Vodafone part of routine process: CBDT Ø  Tata Motors & Bharat Forge tie up for $11-bn defence bid Ø  Bank of Japan says negative rates would apply for $201 bn of reserves Ø  PF interest revised upwards to 8.8% from existing 8.75% Ø  RBI, SEBs to file AIR on remittances, power consumption Ø  Egypt seeks to sign double taxation avoidance pact with India Ø  HCL Tech wins $2.8 bn deal from Volvo, largest IT outsourcing deal in recent times Business Line Ø   COAI wants DoT to retain 'block' size at 20 MHz Ø  Sensex to include firms only from ‘BSE 100’ from June Ø  Small savings rates cut by 0.25 per cent Ø  I-T dept

NIFTY ANALYSIS:  NIFTY CLOSE 6981.2 NIFTY FRIDAY NOT ABLE TO CROSS 7042 ✳FRESH UPMOVE ONLY ABOVE 7042» WHICH WILL MOVE MKT UPSIDE TOWARD 7173-7253-7437 UNLESS NOT CROSSING 7042  NIFTY WILL NOT BE ABLE TO SUSTAIN UPSIDE AND WILL DRIFT MKT DOWNSIDE WHERE SUPPORT LIES 6764 HERE MKT LIKELY SO GOOD MOVEMENTUM FOR UPSWING... FROM THIS LEVEL IF COME WHICH WILL LEAD MKT TOWARD 7042-7173-7253 USE OPPORTUNITY TO ADD LONG ON DOWNSIDE IN PANIC DONT SHORT AT LOWERLEVEL AS MENTION NOT CROSSING 7042 UPTO THIS LEVEL MKT WILL FACE PROBLEM OF SUSTIANING HIGHERLEVEL SIDE ONCE CROSS RALLY WILL FOR THE UPMOVE WILL BE FAST AND SHARP TOWARD 7173-7253-7437 ✳BANK NIFTY» 13930 SZ or Resistance at 14329>14774-14996 DZ  or Support 13880-13550-13330 USE OPPORTUNITY TO GO LONG AT DEEP RATHER TO SHORT LOWER LEVEL

Best And Worst Performance Banks By NPA In this quarter banks have delivered a poor set of quarterly results (Q3 2016) which was largely based on non performing assets(NPAs) as most of the banks have seen a sharp deterioration in their asset quality or what is called rising NPAs or non performing assets.  When the principal and interest on loan borrowed is not paid for three consecutive months or 90 days, then it becomes a non performing asset for a bank or financial institution. The RBI governor in his latest speech said that " Banks need to do deep surgery such as restructuring or writing down loans, the bank has to recognize it has a problem - classify the asset as a Non Performing Asset (NPA)" Think therefore of the NPA classification as an anesthetic that allows the bank to perform extensive necessary surgery to set the project back on its feet. If the bank wants to pretend that everything is all right with the loan, it can only apply band aids - for any more drastic

Quiz: Where did the UPA do the maximum damage? (a) 2G scam; (b) Coalgate; (c) CWG scam; (d) Banking sector scam(s). You can choose any answer and you would not be wrong, but my pick would be (d) the banking sector near-scam, where cronies got crores of loans from nationalised banks for dubious projects which have now gone bad and are staining banks’ balance-sheets with red ink. Economic revival is impossible without a robust banking sector, and that is precisely what is missing right now. It is not that the rot is being discovered only now. Even while the UPA was in power, a lot of these bad loans were being quietly written off. According to this Indian Expressreport just two days ago, 29 public sector banks wrote off Rs 1,14,000 crore of bad loans in just three years, from 2013 to 2015. This was more than they did in the previous nine years. Today’s crop of banking sector results shows that there is no end to the bad news. Close on the heels of horrid results from Punjab Nationa

Well there is a watsapp joke that is circulating and that is… PNB’s market cap = 9M slippages = 18000 Crores! And there are many more like this… ·         Market cap of HDFC Bank is higher than market cap of 70% of the banking system put together i.e. all PSU banks… ·         Market cap of HDFC Bank now is almost 2x that of Deutsche Bank ·         HDFC Bank market cap with almost similar network size is 20% more than ICICI and Axis put together ·         Kotak’s market cap today with a balance sheet size fraction of that of ICICI is more than ICICI ·         13yr old India’s Kotak Bank and 145 year old German global banking giant Deutsche Bank are valued almost the same at~20bn USD. That speaks volumes about value creation and destruction and puts lot of things in perspective… Yes I am known for sensationalising things but then, if one of the top 3 PSU banks in the country reports such numbers possibly reporting its worst ever ROA of 25bps for FY16E, worst ever ROE of 3-4%

Government will infuse about Rs 5,000 crore capital in the public sector banks in the current fiscal to strengthen balancesheet. "As committed, banks will get fund infusion in the fourth quarter. Banks will get about Rs 5,000 crore," Financial Services Secretary Ajuly Chib Duggal said on the sidelines of an event here. Funds would be infused after Parliament approves third Supplementary Demand for Grants in the upcoming Budget session. Last year, the government announced a revamp plan 'Indradhanush' to infuse Rs 70,000 crore in state-owned banks over four years, while they will have to raise a further Rs 1.1 lakh crore from the markets to meet their capital requirements in line with global risk norms Basel III. As per the blueprint, PSU banks will get Rs 25,000 crore this fiscal and also in the next fiscal. Besides, Rs 10,000 crore each would be infused in 2017-18 and 2018-19. Of the Rs 25,000 crore earmarked for 2015-16, the government has pumped in about Rs 20

🔵 Final Budget dates: 🇮🇳 - Railway Budget on February 25 - Eco Survey on February 26 - Union Budget on February 29 - Parliament Budget Session dates: First half from Feb 23 to Mar 16, Second half from April 25 to May 13

Stocks to be suspended from Feb 24, 2016... Sr. No. Scrip Code Company name 1 524830 Elder Health Care Ltd 2 532322 Elder Pharmaceuticals Ltd 3 524788 Elder Projects Ltd 4 531615 Era Buildsys Ltd 5 530323 Era Infra Engineering Ltd 6 511128 Galaxy Consolidated Finance Ltd 7 526045 Luminaire Technologies Ltd 8 511652 Gemmia Oiltech (India) Ltd 9 511246 White Lion Asia Ltd 10 530091 Zyden Gentec Ltd 11 512439 Esquire Money Guarantees Ltd.* 12 504864 Orissa Sponge Iron & Steel Ltd. * 13 503978 Digital Electronics Ltd*

Market Roundup Business Standard Ø  RBI to relax rules on bad loans to calm investors Ø  Robust sales in India help auto companies to beat global slowdown Ø  Govt may allot 15 blocks to PSUs for commercial mining Ø  EU designs permanent outer circle to keep Britain in Ø  BP reports biggest annual loss, announce job cuts Ø  RBI to buy back govt securities worth Rs 20,000 crore Ø  Transaction tax, shorter trading hours bog Indian market, says government committee Ø  RBI keeps repo rate unchanged at 6.75% Ø  Swiss surprise may spoil India's hunt for black money Ø  Rajan puts the ball in Jaitley's court Ø  Sahara to sell Grosvenor House to Qatar Ø  Govt may announce incentives for solar projects in Budget Ø  Sebi begins review of risk management, delivery systems at commexes Ø  Japan's agricultural exports climb 21.8% in 2015 Business Line Ø  India being viewed as a beacon of growth, says Rajan Ø  Commerce Minister talks with EPCs on ways to boost exports

1/2/2016 MONDAY  INDIAN MARKETS: SENSEX:24824.83(-45.86) NIFTY:7555.95(-7.6) BANKNIFTY:15314.45(-207.95) SGXNIFTY:7559.5(+8.5) EUROPEAN MARKETS: FTSE:6063.45(-20.34) CAC:4391.76(-25.26) DAX:9742.45(-55.66) ASIAN MARKETS: NIKKIE:17865.23(+346.93) STRAITS:2602.41(-26.7) HANGSANG:19595.5(-87.61) SHANGHAI:2689.25(-48.35) US FUTURES ON NSE: DOW:16325(+142.5) S&P500:1924(+20) GAINERS: ADANIPRT:+4.17% YESBANK:+3.43% COAL:+2.69% ACC:+2.56% CIPLA:+2.45% LOSERS: ICICIBK:-5.63% SBI:-3.97% MARUTI:-3.6% BOB:-2.55% AXISBK:-2.23% Airline stocks gain as jet fuel price cut 12 per cent Markets end flat amid consolidation; RBI policy in focus NCDEX takes action against four members in castor seed futures case OnMobile Global gains on share buyback plan Ashok Leyland gains after January sales jump 30%  IPCA Labs drops after warning letter from USFDA Marico gains on robust Q3 earnings  Dewan Housing Finance gains after board nod for preferential allotment to Promoter Maruti Suzuki dips pos