INDIAN EQUITY MARKET WRAPUP-28 FEB 2015

INDIAN EQUITY BENCHMARKS  rose in a volatile trading session after the government delivered a federal budget with investment-friendly measures, including a delay in tax avoidance rules for foreign investors and a cut in the corporate tax rate. The S&P BSE Sensex and CNX Nifty ended 0.48%-0.65% higher each. ·Arun Jaitley Presents Union Budget 2015 .·Initial reaction to Union Budget 2015-16: Infra push but no big-bang reforms.·India to...

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TOP CORPORATE NEWS -28 FEB 2015

·Budget announces bank to fund small entrepreneursIndia will set up a bank to facilitate funding for the small entrepreneurs that make up the backbone of the country's economy, Finance Minister Arun Jaitley said in his budget speech on Saturday.The MUDRA Bank will refinance microfinance institutions under a Prime Ministerial scheme, he said, allocating Rs200 billion ($3.24 billion) to the plan.·India to cut corporate tax to 25% over 4 yearsIndia...

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HIGHLIGHTS OF INDIAN GENERAL BUDGET 2015-16

India's gross domestic product in the fiscal year 2015/16 is expected to grow between 8 and 8.5 per cent, Finance Minister Arun Jaitley said on Saturday when presenting the government's first full-year budget. Here are the highlights of Jaitley's budget for the fiscal year that begins on April 1. * Fiscal deficit seen at 3.9 per cent of GDP in 2015/16 * Will meet the challenging fiscal target of 4.1 per cent of GDP * Remain committed to meeting...

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Sensex surges 197 points, Nifty up 50 points on hopes of growth-oriented Budget

The S&P BSE Sensex was trading higher by over 190 points on continued capital inflows and increased buying by retail investors ahead of Budget 2015-16 slated to be announced later in the day.Bulls are hoping "Budget 2015" to be a game changer for the economy and market. All eyes are on the fiscal deficit number. Finance Minister "Arun Jaitley" is expected to remain committed to the path of fiscal consolidation.At 10.45 am, the S&P BSE...

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INDIAN EQUITY MARKET OUTLOOK -28 FEB 2015

INDIAN BENCHMARKS are likely to open on a positive note ahead of long awaited Union Budget which will be presented by Finance Minister Arun Jaitley. Events for the day: Union Budget 2015 Headlines for the day: Alstom makes country's first 800kV converter transformer. Amitabh Bachchan raises stake in Fineotex Chemicals to 5.58 pc. Coffee's hot as IPO could value Cafe Coffee Day at $1 billion. Trend in FII flows: The FIIs were net buyers of Rs 1957.10...

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INDIAN EQUITY MARKET WRAPUP -27 FEB 2015

INDIAN BENCHMARKS rise nearly 2 pct ahead of federal budgetINDIAN EQUITY BENCHMARKS  rose nearly 2 percent their best single-day advance in six weeks, as blue chips rallied on hopes the government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets. The S&P BSE Sensex and CNX Nifty ended 1.65%-1.85% higher each.                                                                                                                                  ...

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GENERAL INDIAN BUDGET 2015 PRESENTED BY MR. ARUN JAITLEY

This is to inform you that 28-02-2015 is very important day for us because Today is General Budget Presented by Indian Financial Minister "Mr. Arun Jaitley".It shall be first full year budget presented by the current Government.The Vibrant new government of Honorable Prime Minister "Mr. Narendra Damodardas Modi" has a lot of expectations riding on it and this budget is expected to be a road map for the economy and what segments would be growth...

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TOP CORPORATE NEWS -27 FEB 2015

·Sadbhav Engineering bags Rs459 crore NHAI projectSadbhav Engineering has won the bid for a NHAI project worth Rs459 crore for four-laning a section of National Highway-65 (NH) in Haryana.Four-laning of Ambala-Kaithal section from 56.860 kms to 95.360 kms (length 44.50 kms) in the state of Haryana of NH-65 with paved shoulder under National Highway Development Project (NHDP) on EPC mode.The quoted price is Rs459 crore and the construction period...

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SENSEX SURGES 233 POINT , L&T UP NEARLY 4% ON NSE

At 11.40 a.m., the Sensex was trading higher by 233.03 points or 0.81 per cent at 28,797.68 and the 50-share NSE index Nifty was trading up by 75.65 points or 0.87 per cent at 8,759.50.Top five Sensex gainers were L&T 4.04%, Tata Power 3.68%, Hindalco 3.01%, Coal India 2.73% and SSLT 2.69%, while the top five losers were ITC 2.25%, GAIL 1.27%, TCS 0.99%, Wipro 0.81% and HUL 0.6%.Larsen & Toubro led the pack on the NSE at midmorning on...

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INDIAN EQUITY MARKET OUTLOOK - 27 FEB 2015

INDIAN BENCHMARKS are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 34 points higher.Events for the day:Bloomberg Feb. India Economic Survey.Fiscal Deficit INR Crore.Headlines for the day:BEL-Rolta consortium bags defence contract worth Rs50,000 cr.Bharti Airtel raises Rs1,925 cr from stake sale in tower unit.Power Grid seeks $500 million loan from World Bank.Trend in FII flows: The FIIs were net...

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CS ROCKING PERFORMANCE OF THE DAY -26 FEB 2015

STOCK FUTURES: FUTURES INTRADAY CENTURY TEXTILE  FUTURES BUY CALL 2  TGT (BOOKED AT 506.85) SIEMENS  FUTURES BUY  CALL 2  TGT  HDFC  FUTURES BUY CALL 2  TGT BATA INDIA  FUTURES SELL CALL 1 TGT PREMIUM FUTURES NIFTY FUTURES: NIFTY FUTURES SELL CALL 2 TGT (BOOKED AT 8671.15) OPTION: HDFC 1340  BUY CALL  3 TGT STOCK CASH: STOCK CASH INTRADAY: TATAELXSI  BUY  CALL 2 TGT SUNPHARMA  FOOD SELL CALL 2 TGT  SINTEX BUY CALL 1 TGT COX & KINGS  SELL CALL...

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INDIAN EQUITY MARKET WRAPUP -26 FEB 2015

INDIAN BENCHMARKS fall nearly 1 pct on profit-taking, derivatives expiryINDIAN EQUITY BENCHMARKS  fell 1%  led by profit-taking in software stocks such as Infosys Ltd, while caution also prevailed on expiry of derivative contracts and federal budget on Saturday. The S&P BSE Sensex and CNX Nifty ended 0.90%-0.95% higher each.                            ...

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TOP CORPORATE NEWS -26 FEB 2015

·RBI permits overdrafts to be treated as priority sector advancesRBI decided that overdrafts extended by banks upto Rs 5,000 in Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts will be eligible for classification under priority sector advances (‘others’ category) as also weaker sections, provided the borrowers household annual income does not exceed Rs60,000 for rural areas and Rs1,20,000 for non-rural areas.·Glenmark gets USFDA nod to sell generic...

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SENSEX END 261 POINT LOWER; IT, FMCG SHARE DRAGE

Market ended lower following the expiry of February derivative contracts with IT majors leading the decline along with defensive pharma and FMCG shares. The 30-share Sensex provisionally ended down 261 points lower at 28,747 and the 50-share Nifty ended down 83 points at 8,684.Benchmark indices have extended losses in the late noon trades as market participants become wary ahead of the F&O expiry. Also, the Railway Budget announcement,...

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EQUITY NAVs DECLINE AS MARKET END FLAT

Equity Mutual Funds closed in red as the market closed flat on Wednesday after the sell-off in last hour of trade, ahead of expiry of February derivative contracts and Railway Budget. The volatility in last few sessions suggests that investors continued to be cautious ahead of the Union Budget (to be presented on Saturday). Performance wise, all the funds in the equity category barring Index fund closed in negative terrain. Among sectoral funds,...

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INDIAN EQUITY MARKET OUTLOOK - 26 FEB 2015

INDIAN BENCHMARKS are likely to open on a cautious note as the global cues look slightly unsupportive with SGX Nifty trading 3 points lower.Headlines for the day:·IFCI declares 10% interim dividend.·Bharti Airtel selling up to $415 million in shares of tower unit.·Jet Airways lowers its fare on international routes.·DLF's sales booking to cross Rs3,000 cr this fiscal.Trend in FII flows: The FIIs were net buyers of Rs 516.06 cr in the cash segment...

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TOP CORPORATE NEWS -25 FEB 2015

·Budget 2015: Better Tax laws is all one needsFinance Minister Arun Jaitley is set to deliver his first full Budget which can create history for Indian economy. India’s tax regime has been characterized as complicated, short sighted and fickle. Tax rates change and new taxes are levied almost every new year. This year, the finance minister must simplify the tax code and lay down a broad framework of tax policies that will endure for 5-10 years.·Budget...

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SENSEX SURGES 206 POINT ON BUDGET HOPES , FIRM GLOBLE CUES

The benchmark BSE Sensex was trading higher by over 200 points due to firm global cues and on hopes of a growth-oriented Budget.The market continued to see buying interest with the Nifty holding 8800-mark supported by banking & financials, oil & gas and metals stocks.The 30-share BSE Sensex rose 167.87 points to 29172.53 and the 50-share NSE Nifty climbed 51.10 points to 8813.20. At 10.35 a.m., the 30-share BSE index Sensex was trading...

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INDIAN EQUITY MARKET OUTLOOK -25 FEB 2015

INDIAN BENCHMARKS edged higher as investors churn portfolio in favour of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.08% higher each.                       Headlines for the day:·HOEC soars on stake buy reports.·Rail shares plunge ahead of Budget 2015.·Indian...

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CS ROCKING PERFORMANCE OF THE DAY -24 FEB 2015

STOCK FUTURES: FUTURES INTRADAYWOCK PHARMA  FUTURES BUY CALL 3  TGTWOCK PHARMA  FUTURES BUY 2ND CALL 2  TGT  TVS MOTORS  FUTURES SELL CALL 2  TGTPREMIUM FUTURESNIFTY FUTURES:NIFTY FUTURES BUY SL TRIGERREDOPTION:ADANIENT FEB  BUY 690 CALL 3 TGTSTOCK CASH:STOCK CASH INTRADAY:ITD CEM  BUY CALL 3 TGT SUN TV  BUY  CALL 2 TGTINFINITE COMPUTERS  BUY CALL 2 TGTJUBILLANT  FOOD BUY CALL 2 TGT (BOOKED AT 1672.95)JUBILLANT  LIFE SCIENCES BUY  CALL 1 TGTWOCK PHARMA BUY CALL 1 TGTWOCK...

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INDIAN EQUITY MARKET WRAPUP -24 FEB 2015

INDIAN BENCHMARKS edged higher; defensive stocks upINDIAN EQUITY BENCHMARKS  edged higher as investors churn portfolio in favor of defensive stocks such as ITC Ltd on caution ahead of an event-heavy week. The S&P BSE Sensex and CNX Nifty ended 0.10%-0.08% higher each. ·HOEC soars on stake buy reports.·Rail shares plunge ahead of Budget 2015.·Indian hotel industry revenues to grow by 9-11% in FY2016.The crucial resistance for Nifty...

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TOP CORPORATE NEWS - 24 FEB 2015

·Pokarna receives Greenguard and Greenguard Gold CertificationPokarna announced that its 100% subsidiary, 'Pokarna Engineered Stone' products have received Greenguard and Greenguard Gold Certification from UL Environment, a division of UL (Underwriters Laboratories), the global safety science leader. PESL is the first Indian Quartz surfaces manufacturer to have Greenguard and Greenguard Gold Certification.·Piramal plans to invest $800 mn in realty...

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SENSEX , NIFTY DOWN ; MARUTI GAIN 1%

The Sensex is down 14.73 points at 28960.38 and the Nifty down 5.35 points at 8749.60. HUL, ITC, NTPC, L&T and Coal India were the top gainers during the session on the Sensex. ONGC, SSLT, Tata Steel, Tata Motors and Reliance Industries were the top losers. The rupee strengthened by 5 paise to 62.27 against the dollar at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks.Car market leader Maruti Suzuki...

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INDIAN EQUITY MARKET OUTLOOK -24 FEB 2015

INDIAN BENCHMARKS are likely to open on a cautious note as the global cues look slightly supportive with SGX Nifty trading 12.50 points higher. Headlines for the day: Maruti launches refreshed Dzire with enhanced fuel economy. Zee Media gets Sebi's nod for Rs200 cr rights issue. Edelweiss NBFC arm's Rs800-cr NCD issue to open on Feb 26. Trend in FII flows: The FIIs were net buyers of Rs 601.91 cr in the cash segment on Tuesday while the DIIs were...

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