TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8014/17249 . According to technical analysis if Nifty futuresand Bank Nifty future moves down-word in tomorrow treading session then 7927 will be small support for Niftyfutures and 16946 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can godown to 7685 level and Bank Nifty futures can touch 16083 level in next few days. It will be hard support forNifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8140 for Nifty futures and17708 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on8359 and 18623 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S28466 8182 8040 7898 7614

WEEKLY R2 R1 PP S1 S29234 8374 7944 7514 6654

MONTHLY R2 R1 PP S1 S211098 9120 8131 7142 5164

BANK NIFTY

DAILY R2 R1 PP S1 S218877 17861 18555 17047 16845

WEEKLY R2 R1 PP S1 S219942 18122 17212 16302 14482

MONTHLY R2 R1 PP S1 S225385 20299 17756 15213 10127

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8345 8408 8360 8468

BANK NIFTY 18277 18480 18287 18582

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8348 8669 9006

BANK NIFTY 18366 19252 20750

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1722 1594 1465 1414 1337 1286 1208

ALBK EQ 98 93 89 86 84 81 79AMBUJACEM EQ 223 216 211 208 204 201 187ASIAN PAINT EQ 909 884 871 860 847 836 807AXISBANK EQ 566 539 523 513 497 486 467BAJAJ-AUTO EQ 2444 2352 2319 2260 2227 2168 2102BANKBARODA EQ 209 197 192 186 180 175 169BANKINDIA EQ 162 152 147 142 137 132 124BHEL EQ 251 243 239 235 231 227 221BHARTIARTL EQ 386 373 368 359 354 346 334CIPLA EQ 714 690 675 665 650 640 618COALINDIA EQ 379 370 364 361 355 351 342DLF EQ 131 123 119 115 111 107 98DRREDDY EQ 4353 4273 4227 4193 4147 4112 4047GAIL EQ 308 298 294 288 284 278 269GRASIM EQ 3707 3595 3523 3483 341 3370 3359HCLTECH EQ 1003 973 963 944 933 914 891HDFC EQ 1272 1236 1219 1199 1183 1162 1149HDFCBANK EQ 1076 1052 1039 1029 1016 1006 979HEROMOTOCO EQ 2501 2450 2420 2399 2369 2347 2297HINDALCO EQ 91 86 84 82 79 77 73HINDUNILVR EQ 895 877 865 858 847 840 827ICICIBANK EQ 300 292 288 284 280 277 270ITC EQ 335 331 328 3626 323 321 317INDUSIND BANK EQ 953 903 874 852 823 801 756INFY EQ 1160 1137 1125 1113 1102 1090 1073JINDALSTEL EQ 83 76 71 69 64 61 52KOTAKBANK EQ 692 671 659 650 638 629 613LT EQ 1725 1675 1646 1625 1596 1575 1554M&M EQ 1288 1260 1245 1232 1217 1204 1189MRF EQ 43284 42233 41666 41182 40616 40132 39081MARUTI EQ 4459 4342 4275 4225 4158 4108 3874ONGC EQ 259 250 247 242 238 233 229ORIENTBANK EQ 150 142 137 134 130 127 123RCOM EQ 63 60 59 58 57 56 54RELCAPITAL EQ 338 323 315 307 299 291 278RELIANCE EQ 907 890 880 873 863 859 841RELINFRA EQ 359 366 351 343 328 320 301RPOWER EQ 42 39 38 37 36 35 31SBIN EQ 267 259 253 250 245 242 235SSLT( VEDL) EQ 106 101 98 96 93 91 83SUNPHARMA EQ 992 941 914 889 863 838 793TATAMOTORS EQ 352 346 343 339 336 332 326TATAPOWER EQ 66 63 62 60 59 58 55TATASTEEL EQ 251 240 235 229 223 217 209UNIONBANK EQ 204 191 183 177 169 164 150

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. ZEEL FUTURE : ZEEL FUTURE OPEN AT 379.60 AND COSE AT 389.40 MADE HIGH OF 393.90AND LOW OF 377.20 OVERALL TODY’S MOVEMENT OF ZEEL FUTURE IS IN BULLISHTREND.IF ZEEL BREAK IT’S HIGH OF 393.90 AND NIFTY MOVEMENT IS IN BULLISH TRENDTHEN WE CAN MADE LONG POSTION FOR NEXT WEEK.

2. LUPIN FUTURE : LUPIN FUTURE OPEN AT 1926 AND CLOSE AT 1868.70 MADE HIGH OF 1940AND LOW OF 1848.80. OVERALL TODAYS MOVEMENT OF LUPIN FUTURE IS IN BEARISHTREND IF ITS BREAK ITS LOW 1848.80 WE CAN MADE SHORT POSTION FOR NEXT WEEK ITCONTINUE IN BEARISH TREND BELOW THE LEVEL OF 1848.80 IF NIFTY MOVEMENT IS INBEARISH TREND.

3. BPCL FUTURE : PCL OPEN AT 857 CLOSE AT 863 MADE HIGH OF 870.95 AND LOW OF 850.05OVERALL TREND OF BPCL FUTURE IS IS BULLISH TREND OVERALL DAILY MOVEMENTOF BPCL IS IN BEARISH TREND IF IT BREK ITS LOW OF 850.95 THEN WE CAN MADE SHORTPOSITION FOR NEXT WEEK IF NIFTY TREND IS IN BEARISH MOVEMNET.

4. AXIS BAK FUTURE : XIS BANK FUTURE OPEN AT 516 AND CLOSE AT 511.70 MADE LOW505.20 AND HIGH OF 530.65 VERALL AXIS BANK FUTURE MOVEMENT IS BEARISHTREND.IT GIVES ITS MOVEMENT WITH BANK NIFTY FUTURE WE CAN MADE SHORTPOSTION BELOW ITS LOW OF 505.20 IF BANK NIFTY FUTURE GIVES ITS MOVEMENT IS IN

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1AMTEK AUTO LTD 89.15 85.30 -40.00

2 CENTRAL BANK 105.5 67.50 35.99

3TVS ELECTRONICS 139.50 104.80 -24.87

4 HDIL 77.55 59.90 -22.76

5BF INVEST LTD 166.50 129.50 -22.22

6 WOCKHARDT LTD 1724.90 1351.40 -21.65

7ZEN TECH LTD 92.20 72.35 -21.53

8 VADILAL INDUS 730.45 573.35 -21.51

9 CENTURY TEXTILES 708.60 556.40 -21.48

10 BANK OF INDIA 177.10 141.55 -20.07

11 PUNJAB CHEMICAL 237.55 194.70 -18.04

12 CANARA BANK 342.05 280.50 -17.99

13JUST DIAL 1005.25 824.55 -17.98

14 SYNDICATE BANK 102.65 84.40 -17.78

15 UNION BANK OF INDIA 212.10 175.00 -17.49

SR.NO SCRIPT NAME PREVCLOSE

CMP % CHANGE

1DELTA CORP LTD 69.35 88.75

+20.76

2 VRL LOGISTICS 385.50 450.30 +17.33

3JUBILANT INDUS 255.30 298.95

+17.10

4 UNITED NILGIRI TEA 235.85 258.35 +9.54

5TCI DELOPER LTD 286.90 311.05

+8.42

6 NMDC LTD 95.95 100.05 +4.22

7LG BALKRISHNAN 4752.05 491.15

+4.05

8 LUPIN LTD 1795.40 1860.85 +3.65

9J KUMAR INFRA 774.55 802.70

+3.63

10 ITC LTD 316.90 327 +3.19

11 GODREJ CONSUMERPR 1273.50 1307.40

+2.66

12 M&M FIN SERVICE 263.55 269.20 +2.14

13INDIAN OIL CORP 397.95 405.25

+1.83

14 OIL INDIA LTD 461.20 468.10 +1.50

15BAJAJ CORP LTD 492.25 496.20

+0.80

BEARISH TREND.

5. CAIRN FUTURE : CAIRN FUTURE OPEN AT 146.20 AND CLOSE AT 145.20 AND MADE HIGHOF 150.65 AND LOW OF 42.05. ITS STRONG SUPPORT LEVEL IS AT 142 BE CAN MADE SHORTPOSTION BELOW THE LEVEL OF 142 IF NIFTY TREND IS IN BEARISH TREND.

6. DLF : F DLF CLOSES ABOVE 116 ON DAILY CHART THEN A UPWARD MOMENTIM CAN BESEEN UPTO 122/125 LEVELS.

7. AMBUJACEM : AMBUJACEM THIS WEEK CAN SHOW UPWARD MOMENTUM IF IT TRADESABOVE 208 LEVEL AND CLOSE ABOVE 212 THEN 225 LEVEL CAN BE SEEN.

8. DISHMAN : IF DISHMAN TRADES ABOVE 215 THIS WEEK THEN UPWARD MOMENTMCONTINUES AGAIN AND 230/235 LEVELS ARE POSSIBLE.

9. AXIS BANK : F AXIS BANK BREAKS 502/500 LEVEL ON DAILY CHARTS THEN IT MAYCORRECT AGAIN PTO 495/488 LEVEL.

10. BHARTIARTL :IF BHARTIARTL CLOSES ABOVE 247 ON DAILY BASIS THEN THE LEVES OF255 ARE POSSIBLE .

CURRENCY MARKET

EURINR R2 R1 PP S1 S2

DAILY 76.80 75.55 74.95 74.30 73.05

WEEKLY R2 R1 PP S1 S284.50 78.70 75.80 72.90 67.15

MONTHLY R2 R1 PP S1 S297.50 82.00 74.25 66.45 50.95

JPYINR R2 R1 PP S1 S2

DAILY 56.25 55.40 55.00 54.55 53.75

WEEKLY R2 R1 PP S1 S260.30 57.15 55.55 53.95 50.80

MONTHLY R2 R1 PP S1 S2 69.15 59.30 54.40 49.45 39.60

USDINR R2 R1 PP S1 S2

DAILY 67.20 66.70 66.45 66.20 65.75

WEEKLY R2 R1 PP S1 S269.60 67.60 66.60 65.60 63.65

MONTHLY R2 R1 PP S1 S274.80 68.95 66.05 63.15 57.30

GBPINR R2 R1 PP S1 S2

DAILY 103.85 102.80 102.35 101.80 100.85

WEEKLY R2 R1 PP S1 S2113.80 107.00 103.55 100.15 93.30

MONTHLY R2 R1 PP S1 S2121.90 109.10 104.35 96.30 83.50

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ RBI can use Forex reserves to reduce volatility: Raghuram Rajan - The Reserve Bankof India will not have any "hesitation" in using foreign exchange reserves to reduce currencyvolatility, governor Raghuram Rajan reportedly said.Rajan added that India's macro-economicproblems were "under control" although the country would need to focus on increasingdomestic production as an effective way.The central bank's priority remained to help economicgrowth by bringing down inflation along a "glide path", says Rajan.

✍ Oil exploration stocks sink to record lows - Oil exploration stocks continue to sink deeperto lower levels on the back of relentless selling pressure in the market as Crude Oil pricesextend its record breaking losing streak as world economic slowdown looms.The NYMEXCrude Oil futures for October expiry are quoted at $ 39.47 per barrel, down as much as 2.5percent in Asian trades. The contract touched a low at $ 39.01 so far. The Brent October futurestoo are down 1.5 percent at $ 44.25 per barrel.Just a year ago, the Crude Oil futures weretrading above $ 100 per barrel.The major oil exploration stocks are currently trading atmulti-year lows. ONGC, Aban Offshore and Cairn India have tumbled over 5 percent each toRs. 243, Rs. 262 and Rs. 135, respectively.Hindustan Oil Exploration has plunged over 4percent to Rs. 36.50, and Oil India has dropped over 3 percent to Rs. 442.

✍ Alembic Pharma gains 1% after getting approval from USFDA - Shares of AlembicPharmaceuticals Ltd were trading higher 1% at Rs. 671.50 on BSE today. The pharma companygets approval for anti-inflammatory drug Celecoxib, as per media reports.The stock opened atRs. 676 as against the previous close of Rs. 667.95 on BSE. It has hit a high of Rs. 723 and alow of Rs. 671 on BSE today.Total traded quantity on the counter stood at over 8637odd-shares on BSE.

✍ SEBI Board approves new norms for commodity derivatives - Market regulator SEBI onMonday announced new norms for commodities derivatives market under which exchangesand brokers will need to comply with rules applicable to stock brokers.The new regulations willbe effective September 28, the date from which SEBI would begin regulating the commodityderivatives market.The new norms, approved by SEBI's Board on Monday, will enableintegration of commodities derivatives and securities trading in an orderly manner.SEBI saidthat the new regulations provide for compliance of the Securities Contracts RegulationRegulations, 2012, which are currently required to be complied with by stock exchanges.Themajor compliances include norms related to net worth, shareholding norms, composition ofboard, corporatization and demutualization and setting up of various committees, turnover,infrastructure, etc.To ensure a smooth transition, SEBI has prescribed specific timelines forcomplying with the different provisions of the regulations.

✍ DLF raises Rs. 375 cr from NCD - DLF on Monday raised INR 375 crore throughnon-convertible debentures as the realty major tries to boost internal cash flows amid a sluggishproperty market.Earlier this month, DLF had raised INR 1,000 crore through NCDs, thecompany's first capital market issuance since getting a relief from the Securities AppellateTribunal. DLF said that it has allotted 12.25% privately placed fully-paid non-convertible

debentures of a principal amount of INR 375 crores...redeemable for cash at par in separateseries within a period of 4 years 11 months and 18 days from the date of allotment.Thesedebentures would be secured by certain immovable assets of DLF's wholly-owned subsidiaryand will be listed on the Bombay Stock Exchange. Over the last few years, DLF has raised INR100bn through the sale of non-core businesses and land parcels to cut debt and boost cashflows.The company has already exited from the hospitality, cinema and insurance businesses. Ithas also sold a large land parcel in Mumbai.

✍ ONGC up on submitting revised development rights for Iran field - ONGC has spurtednearly 2 percent to a high of Rs. 231 on the back of positive news flow.According to mediareports, the company's overseas investment arm, ONGC Videsh, had submitted a revisedproposal seeking the development rights of Iran's giant gas field Farzad B.The stock, however,has pared gains and is now up a percent at Rs. 229. Around 146,000 shares have changed handsat the counter so far on the BSE.

✍ Vedanta raises Rs. 2,000 crore from SBI through NCDs - Vedanta Ltd has announced thatthe company are proposing to issue Secured, Rated, Non-Cumulative, Redeemable, Non-Convertible Debentures worth Rs. 2000 Crores, the details are follows:The Company haveallotted 20,000, 9.45% Secured, Rated, Non-Cumulative, Redeemable, Non-ConvertibleDebentures of Rs. 10,00,000 each aggregating to Rs. 20,00,00,00,000/- to State Bank of Indiaon August 17, 2015.The NCDs are long term funds and this issuance will reduce our cost offunds.

✍ JSW Energy to receive a loan of Rs. 7,550 crore - JSW Energy will get a loan of Rs. 7,550crore from the commercial banks led by State Bank of India, according to reports. According toreports, banks have agreed to provide loan at 10.70% -100 basis points above SBI's base rate,which is at 9.70%. This is substantially lower than 12% at which banks had lent to JaiprakashPower for financing both the projects. Jaiprakash Power had taken loan of Rs. 6,000 crore forfinancing the two projects.The company acquired 300 MW Baspa II hydroelectric plant and1,091 MW Karcham Wangtoo plant for Rs 9,700 crore. Both plants are operational and wererecently transferred to a special purpose vehicle called Himachal Baspa Power Company. Thecompany is seeking shareholders' approval to raise Rs 12,500 crore this year, of which Rs 5,000crore is for ongoing capital expenditure and another Rs 7,500 crore for organic and inorganicgrowth, says report.

✍ Corporation Bank board approves capital infusion of Rs. 857 crore - Corporation Bankhas announced that Ministry of Finance, Department of Financial Services, Government ofIndia, vide their letter dated August 19, 2015, has communicated its decision to infuse capitalfunds to the tune of Rs. 857 crore in the Bank by way of preferential issue of equity in favourof Government of India. The Board of the Bank on August 24, 2015, has accorded its approvalfor-The said infusion of capital of Rs. 857 crore by Government of India and For convening anExtraordinary General Meeting of the shareholders of the Bank on September 22, 2015, forseeking its approval for the said infusion of capital.The Bank is in the process of takingnecessary steps/approvals for raising the said amount.

✍ SEBI board approves changes in rules for FMC's merger with SEBI - SEBI board onMonday approved the changes in rules for Forward Markets Commission merger withSEBI.Announced by Finance Minister Arun Jaitley in Budget for 2015-16, FMC's merger with

Sebi will help streamline regulations and curb wild speculations in commodities market, whilefacilitating growth of the market, as per media reports.Earlier, Chairman of the Securities andExchange Board of India U K Sinha met officials of commodity exchanges to iron out issuesover merger with the Forward Markets Commission .The meeting was attended by Sinha alongwith Sebi panel for monitoring the merger and officials of commodity exchanges, says report.

✍ Indian Economy is in revival stage: FM - Finance Minister Arun Jaitley said that theIndian Economy is in revival Stage.The fiscal deficit target set for this Year is ‘Realistic’, saysFM.Jaitley also says that the economy will be impacted as and when major countries take anymeasures.GST Implementation will help widen tax base, says Jaitley.

✍ Govt stake sale in IOC subscribed 57% - Around 57.50 per cent of the Rs 9,302-croregovernment share sale in Indian Oil Corp (IOC) was subscribed by 1 pm.A total of 13.95 croreshares were bid for out of 24.28 crore share on offer at a minimum price of Rs 387, as per thedata from stock exchanges.The IOC share sale is the fourth disinvestment this fiscal.The salereceived some demand from the retail investors.

✍ DLF rallies 17% after raising funds via NCDs - DLF zoomed over 17 percent to Rs. 113after the company informed BSE that it has raised Rs. 375 crore by way of allotment of 12.25percent privately placed fully-paid non-convertible debentures.The stock hit a high of Rs.114.40 and low of Rs. 97.40 on BSE today. The total traded quantity was 60.26 lakh shares andtwo-week average quantity is 19.92 lakh.

✍ Gujarat NRE plans to sell wind mill business - Gujarat NRE Coke Ltd has announced thatthe Board of Directors of the Company at its meeting held on August 25, 2015, has decided asfollows:To seek approval of the public shareholders on the Scheme of Amalgamation of NREMetcoke Limited and Bajrang Bali Coke Industries Limited with the Company, in terms of theSEBI circulars dated February 04, 2013 and dated May 21, 2013.To seek enabling authorityfrom the shareholders under the provisions of Section 180(1)(a) of the Companies Act, 2013 fordisposal of its Wind Mill Business, in whole or in parts, in order to comply with therequirements of the Letter of Approval of the debt restructuring package of the Company issuedby Corporate Debt Restructuring EG.To hold postal ballot exercise for the purpose of seekingaforesaid approvals of shareholders.

✍ IOB plans to issue shares to GoI on preferential basis - Indian Overseas Bank hasannounced that a meeting of Committee of Directors was held on August 25, 2015 for fixationof the issue price. The Committee of Directors approved that the issue price for allotment ofequity shares under preferential issue to Government of Indio is fixed at Rs.41.37 per equityShares in compliance of Regulation 76(1) of SEBI Regulations and number of shares to beallotted to Government of India is 48,56,17,597 only aggregating to Rs. 2008,99,99,987.89including share premium.

✍ Lupin gains on USFDA nod - Lupin is currently trading with a gain of almost a percent atRs. 1,845 on the BSE, after media reported that the firm has received USFDA nod foranti-inflammatory drug Diclofenac Sodium.So far, the stock has jumped more than 2.5 percentfrom its early low of Rs. 1,818 to hit a high at Rs. 1,865.The counter has witnessed trades ofaround 22,000 shares as against the two-week daily average volume of 99,000 shares.

✍ Jain Irrigation in limelight - Jain Irrigation is in focus today after the company announced,that its board has approved sale of its food business by way of 'Slump Sale' to Jain Farm FreshFoods, a Wholly-owned subsidiary of the company.The move is aimed to create strategic focuson fast growing food business and consequent value creation opportunities, the releaseadded.The stock so far in the day has swung in a wide range of Rs. 56.80 to Rs. 53.10. Thestock is now up 0.3 percent at Rs. 55.55. The counter has seen trades of around 238,000 sharesas against the two-week daily average volume of around 569,000 shares on the BSE.

✍ SunTV ties up with video on demand company HOOQ - SUN TV Network with thelargest catalogue of premium movies from South partners with HOOQ, Asia's biggest premiumvideo-on-demand service in a Multi-year deal.HOOQ has recently entered into the Indianmarket with over 30,000 hours of movies and TV series and will now carry Sun TV's librarythat includes a mix of super hit films from Tamil, Telugu, Malayalam & Kannada languages.The content catalogue includes titles 3, Jilla, Naduvula Konjam Pakkatha Kanaom, ManamKothi Paravai, Mayakkam Enna, Oru Kal Oru Kannadi, Ragalapuram, Kanchana, Neram,Kazhugoo, Sundara Pandian, Mankatha and many more.S L Narayanan Group CFOcommented on the occasion, "We are excited about the possibilities arising out of ourassociation with HOOQ, a digital distribution platform of impeccable lineage. Sun TV holds alarge library of blockbusters and timeless classics with enduring appeal.""We are proud topartner Sun TV Network. Their extensive library with titles from Tamil to Malayalam will helpus ensure we have something for everyone in India" said Mr. Peter Bithos, Chief ExecutiveOfficer of HOOQ. "More importantly, we want our customers to continue to enjoy the largestand best catalogue of Hollywood and Indian content of any service available today" headded.The stock of the company closed up 0.5% at Rs. 326. It hit a high at Rs. 331.25 and lowat Rs. 313.50. The total traded quantity is 273,000 and two-week average quantity is 4.59 lakh.

✍ Cairn India to invest Rs. 1,400 crore for new gas pipeline - Cairn India is planning to laya new gas pipeline from its Barmer (Rajasthan) field.The company is planning to invest Rs.1,400 crore to expand crude oil and natural gas carrying capacity.Crude oil output would beexpanded from 200,000 bopd to 300,000 bopd while natural gas carrying capacity from 6.3mmscfdto 40 mmscfd, says report. According to reports, the capital cost of the project isapproximately Rs 1,400 crore. The company reported that the oil block in Rajasthan operatedby Cairn-ONGC JV has crossed a milestone of 300 million barrels crude production. Shares ofCairn India Ltd were trading higher 2.77% at Rs. 129.75 on BSE today.The stock opened at Rs.126 as against the previous close of Rs. 126.25 on BSE. It has hit a high of Rs. 133.35 and alow of Rs. 124.90 on BSE today.Total traded quantity on the counter stood at over 4.25 lakhshares on BSE.

✍ DLF gains on CCI relief order - DLF surged over 4.5 percent to touch a high of Rs. 116 inopening trades on CCI clearance for one its project in NCR.According to media reports, theCompetition Commission of India has rejected anti-competitive practices charges against thereal estate major in one of its project in the National Capital Region .The stock, however, haspared gains and is now up 1.5 percent at Rs. 112. The counter has seen trades of around259,000 shares as against the two-week daily average volume of around 2.62 million shares onthe BSE.

✍ Pincon Spirit announces 1:1 Bonus Issue of Shares - Pincon Spirit Limited has reportedthat the Board of Directors of the company at its meeting held on 26th August 2015, has

recommended issue of Bonus Shares at the ratio of 1:1 to the existing Equity Shareholders ofthe Company. The same will be placed for approval of the equity shareholders at theforthcoming AGM of the company. The Bonus Issue is proposed due to the company’s healthyaccumulated free reserves and also for crossing Rs. 600.00 Cr Sales milestone in FY 2014-15. Pincon Spirit Limited is one of the fastest growing corporates in India having business lines inIndian Made Foreign Liquor - own brands an) d traded brands, Indian Made Indian Liquor ownbrand and Fast Moving Consumer Goods own brand in edible oils. PSL is the only company inIndia to be engaged in parallel business lines of Liquor and FMCG – having own retail chain,distribution network and manufacturing facilities.Starting its business in Kolkata in 1978, thecompany is presently having active presence in Karnataka, Jharkhand, Odisha, andUttarakhand.

Top Economy news

Indian companies have raised over Rs8bn through retail issuance of non-convertible debenturesso far in the current fiscal, down 80 per cent from a year ago. In comparison, Rs.40bn wasmobilized through 11 such issuance in the year-ago period, latest data from SEBI showed.

China will restrict trading in stock index futures in a bid to curb speculation, according to anexchange statement, after the futures contracts slumped by their 10 per cent daily limit for twoconsecutive days.

In its fight against black money, India signed an information exchange agreement withSeychelles on tax matters, along with pacts to deepen ties in security and defense among otherareas. While the foreign direct investments from Seychelles have been small at just aboutRs11bn over the last 15 years, the Indian Ocean island nation has long been perceived as one ofthe preferred offshore havens for routing of funds.

The government allowed developers to divest 100 per cent equity in projects two years after thecompletion of such schemes, a move that can unlock investments worth about Rs45bn in thesector. The decision is aimed at fast-tracking contracts and implementation of highway projectsin the country by making additional funds available for investment in projects.

Reserve Bank Deputy Governor R Gandhi said that four foreign lenders have applied to operateas wholly-owned subsidiaries in the country, and many others are in touch with the central bankfor a possible shift in the nature of operations here. The Deputy Governor, however, refused toshare the names.

Benchmark share indices reversed intra-day losses to end higher amid a volatile trading sessionon Tuesday, helped by a rebound in global stocks. The 30-share Sensex ended up 291 points at26,032 after hitting a high/low of 26,125/25,298 and the 50-share Nifty ended up 72 points at7,881 after hitting a high/low of 7,925/7,667 in intra-day trades today.

The rupee appreciated 0.8% to 66.1 compared to previous close of 66.65 versus the USD.

Displaying more flexibility in its policy on dairy imports from India, Russia says it is ready tolet in products from plants with small cattle farms or no cattle, including cooperatives such asAmul. Softening its initial position that only dairy plants with over 1,000 cattle may exporthard cheese to the country, Russia has now said it is ready to reconsider the condition if Indiagives a comprehensive report on how its safety concerns would be addressed.

World steel production dipped 3.8% in July 2015 over the year-ago period, with China, whichaccounts for half the global output, registering an even sharper 4.6% fall.

Imports of thermal coal jumped 24% at the country's top 12 major ports to 32.54 million tonnesduring the April-July period this year even as the government continues to announce itscommitment to boost domestic output, mainly by monolith Coal India.

India today signed an initial agreement with its neighbor Nepal to construct South Asia's firsttrans-national petroleum pipeline. The 41-Kilometer long pipeline, including a 2-Kilometerstretch in India, will be constructed by India's largest fuel retailer and marketer Indian OilCorporation at a cost of Rs2bn.

The Union Finance Minister Arun Jaitley said 25 crore families could be brought underfinancial inclusion by the Jan Dhan Yojana alone. Inaugurating the Bandhan Bank, the firstcommercial bank from Eastern India to get RBI clearance since independence, Jaitley said 17.5crore bank accounts have been opened in Jan Dhan Yojana scheme so far. Appreciating theperformance of Bandhan, as a NBFC since 2001 he said the NPA of Bandhan is very small andas it commits, Bandhan will concentrate on financing the small and medium enterprises.

The Union Finance Minister Arun Jaitley said politics of growth obstructionism is notpermissible. Addressing an interactive session on Vision 2020, organized by the IndianChamber of Commerce, in Kolkata today, he said the last session of the Parliament wasdisappointing as the maturity of political wisdom was put to test during the period.

The government raised the minimum export price for onions from $425 a tonne to $700 in yetanother move to tame prices that shot up to around $864 at Lasalgaon in Maharashtra. Localprices do not make exports attractive, but the move is designed to prevent outbound shipmentsfrom becoming lucrative if domestic prices fall below $700 a tonne.

The gold monetisation scheme likely to be introduced next month to help unlock idlehousehold collections of the precious metal has opened up new business opportunities forMMTC-PAMP India. The country's top gold refiner, which has three gold purity verificationcentres, plans to add 12 such centres every year. These centres will just take 45 minutes toweigh, melt the gold, verify the purity and issue the certificate, compared with 90 days atpresent.

The Agriculture Ministry has proposed an increase in importduty on crude and refined edibleoils. At present, the import duty on crude edible oil is 7.5 per cent, and for refined oil, it is 15per cent.

Taxi drivers, autowallahs, anganwadi workers and those working in shopping establishmentswill soon be covered under the Employee State Insurance Scheme. Initiating second generationreforms in the scheme, the Union Governmenthas decided to bring about 4.30 crore employeesin the unorganised sector under the health insurance scheme.

In a surprise move, China today allowed its $547 billion pension fund, the world's largest, to beinvested in its volatile stock market barely weeks after its biggest crash.

The Ministry of New and Renewable Energy has approved a proposed master plan to develop50 solar cities, includingthree in the national capital region. Of these 50 cities, master planshave been prepared for 46 cities, including Agra, Gandhinagar, Rajkot, Surat, Thane, Shirdi,Nagpur and Aurangabad as per information on the ministry’s website.

Top Corporate News

Astra Microwave Products said that it will form a joint venture company with Israel's RafaelAdvanced Defence Systems for production and supply of tactical radio communication,electronic warfare and signal intelligence systems. The venture will commence with anexpected investment of $20 million in the first two years.

Royal Enfield, the two-wheeler division of Eicher Motors announced its entry into theIndonesian market, with plans to commence retail operations in the Southeast Asian country inthe coming months.

Despite the market rout on Monday, the Indian Oil Corp offer-for-sale sailed through. TheOFS was subscribed 1.18 times by close of normal trading hours.

The Adani Group signed an MoU with the Chhattisgarh Government to develop two majorprojects there with an estimated investment of nearly Rs252bn. The two projects a coal-to-polygeneration facility and a rice bran solvent extraction plant and refinery are expected to provideemployment to more than 5,500 people in the State.

Eyeing a higher share in the domestic passenger vehicle market, India's largest car makerMaruti Suzuki is further expanding its sales network. The company added 50 outlets in thequarter ended June 30, 2015. With the expansion, the number of Maruti sales outlets hasincreased to 1,670 covering 1,336 cities and towns.

Sonata, the watch brand from Titan Company, announced its foray into the adventure gearspace in the country with the launch of a brand new identity for their Super Fibre range ofwatches. Targeting the youth segment Sonata also unveiled a range of touch screen adventurewatches.

Muthoot Capital Services Limited has received the permission for listing of its shares onNational Stock Exchange. Currently, the shares of the MCSL are traded in the Bombay StockExchange.

Mahindra Truck and Bus Division        , part of Mahindra Group, is investing Rs7bn in thebusiness to expand its footprint in the light and intermediate commercial vehicle segment.

Bharti Airtel said it has signed a definitive agreement to acquire 100 percent stake in AugereWireless Broadband India, which holds 20 MHz of broadband wireless access spectrum in theMadhya Pradesh and Chhattisgarh telecom circle. The BWA technology helps in 4Gconnectivity. The company, however, declined to divulge the amount spent on acquisition.

Apollo Tyres said it has closed a 300 million euro financing for its upcoming manufacturingplant in Hungary. An international consortium of banks comprising ABN AMRO Bank NV,Magyar Export-Import Bank, Raiffeisen Bank, Standard Chartered Bank and UniCredit BankHungary, supported the company and provided the debt financing.

Cairn India is set to expand its crude oil and natural gas carrying capacity by laying a new gaspipeline from its Barmer field with an investment outlay of Rs14bn. Moreover, crude oil outputwould be expanded from 200,000 bopd to 300,000 bopd and natural gas carrying capacity from6.3 mmscfd to 40 mmscfd. Chennai Petroleum Corporation   will augment its Rs. 10bn infusion from its parent IOCL.

Gayatri Projects has bagged multiple orders from the National Highways Authority of Indiaworth Rs33bn. The Hyderabad-based infrastructure company has bagged four EPC roadcontracts, all of them in Uttar Pradesh and another road project in Haryana and Uttar Pradesh.

ICICI Bank launched the country's first mortgage guarantee-backed home loan product thatwill expand the credit amount and increase the tenure for an additional fee as well. It will helpcustomers raise the eligible amount by up to 20 per cent and increase the tenure by up to sevenyears.

Monnet Ispat and Energy has agreed 'in-principle' to sell its stake in Orissa Sponge Iron &Steel to Bhushan Steel Ltd. However, no commercial terms and valuations have been finalized.

ITC Ltd has not received any communication from the Uttar Pradesh government regardingpresence of higher lead in its Yippee instant noodles and pasta, the company has told theBombay Stock Exchange. The ITC statement is in response to clarifications sought by theexchange about reports that authorities in UP have found excess lead in Yippee noodles andpasta.

GVK Power & Infrastructure Ltd has announced that it has begun commercial operations ofGVK Deoli-Kota Expressways, a wholly-owned subsidiary of the company. The diversifiedHyderabad-based infrastructure company said it has received provisional completion certificateas per the provisions of the Concession Agreement.

Jain Irrigation said its board has approved sale of its food business on 'slump sale' basis to itswholly owned subsidiary Jain Farm Fresh Foods Ltd.

State-owned Indian Oil Corp said it has signed an agreement with Nepal Oil Corp to lay aRs2.75bn oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal. The completion period isexpected to be 30 months after receipt of statutory clearances.

Welspun Corp entered into an agreement with Malaysia's Wasco Energy for setting up a Rs1bngreenfield concrete weight coating plant at Anjar in Gujarat. The joint venture will augmentWelspun Corp's, which is one of world's largest large diameter steel pipes makers, offering tothe market duly supported by Wasco's strong credentials in concrete weight coating businessglobally.

Edelweiss Tokio Life has received approval from Foreign Investment Promotion Board forincreasing its foreign joint venture partner Tokio Marine's stake to 49% in the company from26%. As per the FIPB release, the additional foreign direct investment through this would beRs5.4bn.

IL&FS Engineering and Construction has received a Letter of Award from MadhyanchalVidyut Vitran Nigam Ltd for rural electrification works in Shahjahanpur district of UttarPradesh. The Rs1.9bn contract will be executed on a turnkey basis over next 24 months

This Document has been prepared by Ways2Capital (A Division of High Brow MarketResearch Investment Advisor Pvt Ltd). The information, analysis and estimates containedherein are based on Ways2Capital Equity/Commodities Research assessment and have beenobtained from sources believed to be reliable. This document is meant for the use of theintended recipient only.

This document, at best, represents Ways2Capital Equity/Commodities Research opinion and ismeant for general information only. Ways2Capital Equity/Commodities Research, its directors,officers or employees shall not in any way to be responsible for the contents stated herein.Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities thatmay arise from information, errors or omissions in this connection. This document is not to beconsidered as an offer to sell or a solicitation to buy any securities or commodities.

All information, levels & recommendations provided above are given on the basis of technical& fundamental research done by the panel of expert of Ways2Capital but we do not accept anyliability for errors of opinion. People surfing through the website have right to opt the productservices of their own choices.

Any investment in commodity market bears risk, company will not be liable for any loss doneon these recommendations. These levels do not necessarily indicate future price moment.Company holds the right to alter the information without any further notice. Any browsingthrough website means acceptance of disclaimer.