TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8247 / 17915 According to technical analysis if Nifty futuresand Bank Nifty future moves up-word in tomorrow treading session then 8332 will be small resistance for Niftyfutures and at the same time 18432 will be small Resistance for Bank Nifty futures, if it break this level then thenNifty futures can touch 8484 level and Bank Nifty futures can touch 18777 level in next few days. It will be hardresistance for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 8133 for Niftyfutures and 17217 is for Bank Nifty futures after breaking this support with volume there is big support for Niftyfutures on 8020 and 16815 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

PIVOT POINT NIFTY

DAILY R2 R1 PP S1 S28430 8292 8222 8153 8015

WEEKLY R2 R1 PP S1 S29062 8450 8143 7837 7225

MONTHLY R2 R1 PP S1 S29763 8725 8206 7687 6649

PIVOT POINT BANK NIFTY

DAILY R2 R1 PP S1 S218823 18163 17833 17503 16843

WEEKLY R2 R1 PP S1 S219823 18413 17708 17003 15593

MONTHLY R2 R1 PP S1 S222672 19498 17911 16324 13150

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8191 8300 8527 8382BANK NIFTY 17880 18069 18604 18018

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 7937 8630 9136BANK NIFTY 17135 19143 20958

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1456 1439 1429 1423 1419 1406 1389ALBK EQ 95 93 92 90 89 88 86

AMBUJACEM EQ 238 231 229 225 222 218 212ASIAN PAINT EQ 768 753 747 728 731 723 708AXISBANK EQ 566 559 556 552 549 545 538BAJAJ-AUTO EQ 2475 2440 2421 2406 2389 2371 2336BANKBARODA EQ 149 145 143 141 139 137 133BANKINDIA EQ 184 180 179 176 175 173 169BHEL EQ 253 247 244 241 238 235 228BHARTIARTL EQ 454 443 438 432 427 421 411CIPLA EQ 638 622 614 606 599 591 575COALINDIA EQ 410 402 398 394 390 387 379DLF EQ 111 109 107 106 105 104 102DRREDDY EQ 3498 3446 3413 3393 3360 3341 3289GAIL EQ 418 407 401 397 391 386 375GRASIM EQ 3464 3424 3404 3384 3364 3344 3304HCLTECH EQ 970 946 931 922 907 898 875HDFC EQ 1291 1263 1249 1234 1221 1205 1177HDFCBANK EQ 1069 1048 1039 1026 1017 1004 982HEROMOTOCO EQ 2654 2604 2577 2553 2527 2503 2453HINDALCO EQ 128 124 122 121 119 118 114HINDUNILVR EQ 895 875 866 855 846 835 815ICICIBANK EQ 315 309 307 303 301 298 292ITC EQ 310 307 306 304 303 301 298INDUSIND BANK EQ 859 845 840 831 826 818 804INFY EQ 1034 1016 1006 996 988 982 965JINDALSTEL EQ 101 97 94 92 89 87 82KOTAKBANK EQ 1462 1386 1359 1311 1284 1235 1160LT EQ 1792 1757 1738 1723 1704 1688 1653M&M EQ 1436 1365 1335 1294 1264 1223 1152MRF EQ 34645 33972 33598 33299 32925 32626 31953MARUTI EQ 4094 4007 3977 3919 3890 3831 3744ONGC EQ 331 324 322 318 315 311 304ORIENTBANK EQ 186 182 180 177 175 172 168RCOM EQ 62 60 59 58 57 56 55RELCAPITAL EQ 371 362 358 352 348 343 334RELIANCE EQ 1042 1019 1007 995 983 971 947RELINFRA EQ 383 373 368 363 358 353 343RPOWER EQ 46 45 44 43 42 41 40SBIN EQ 270 265 262 260 257 255 250SSLT( VEDL) EQ 187 181 179 174 172 168 162SUNPHARMA EQ 889 870 858 850 838 831 811TATAMOTORS EQ 462 449 441 436 428 423 410TATAPOWER EQ 75 74 73 72 71 70 69TATASTEEL EQ 317 311 308 306 302 300 294UNIONBANK EQ 149 146 145 143 142 140 137

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. ICICI BANK ( BULLISH ) - If it break level of 317 then it can touch level of 336. So wecan say there is long position in SBIN with stop loss of 306.

2. ALBK ( BULLISH) - In chart it is looking good for traders. Traders can make longposition above 96 for the target of 108 with stop loss of 88.

4. UNION BANK OF INDIA ( BULLISH) - UNION BANK OF INDIA seems bullish fornext week. If it break level of 151 then with stop loss of 142 we can take long position for 164.

5. IDFC ( BULLISH) - It is looking strong for next week as per technical analysis. Above 156we can make long position in IDFC for the target of 169 with stop loss of 149.

SR.NO

SCRIPT NAME PREVCLOSE

CMP % CHANG

1 PETRIN ENGNEERI 234.15 278.75 +19.05

2 ESCORTS LTD 106.3 115.05 +8.23

3 SUN TV 309.50 333.90 +7.88

4 ADLABS ENT. 158.60 170.80 +7.69

5 M & M FIN, 247.05 263.10 +6.50

6 ARTI DRUGS LTD 605.90 645.00 +6.45

7 APOLLO HOSPITALS 1189 1253 +5.35

8 SE INVESTMENT 350 368.60 ++5.31

9 BAJAJ FIN. 4902.90 5158.5 +5.20

10 JP ASSOCIATES 11.80 12.40 +5.08

11 TATA COFFEE LTD 86.05 89.65 +4.18

12 M & M 1253.95 1305.55 +4.11

13 ORIENT CEMENT 165.25 171.30 +3.66

14 UCO BANK 56.15 58.15 +3.56

15 TVS MOTORS 231.70 239.45 +3.34

SR.NO SCRIPTNAME

PREVCLOSE

CMP % CHANG

1 ESSAR OIL LTD 158 143.45 -9.21

2 JET AIRWAYS 289 273.30 -5.43

3 FINANCIALTECHNO.

161.75 154.75 -4.33

4 NCCD 80.35 76.90 -4.29

5 DISH TV 109.70 105.80 -3.56

6 HDIL 91.60 88.45 3.44

7 TORRENT POWER 144.30 139.80 -3.12

8 JINDAL ST. & PWR 94 91.30 -2.87

9 TATA MOTORS 445.45 433.05 -2.78

10 TEXMO RAIL 122.45 119.05 -2.78

11 ADANI ENT. 99.65 96.90 -2.76

12 J & K BANK 106.65 104.00 -2.48

13 GITANJALI GEMS 38.45 37.50 -2.47

14 BAJAJELECTRICAL

300.85 293.90 -2.31

15 ZEEL 347 340.10 -1.90

CURRENCY MARKET

USDINR R2 R1 PP S1 S2

DAILY 64.665 64.035 63.720 63.405 62.775

WEEKLY R2 R1 PP S1 S266.449 64.7492 63.899 63.049 61.349

MONTHLY R2 R1 PP S1 S266.740 64.865 63.928 62.990 61.115

EURINR R2 R1 PP S1 S2

DAILY 74.174 72.789 72.096 71.404 70.019

WEEKLY R2 R1 PP S1 S275.324 73.249 72.211 71.174 69.099

MONTHLY R2 R1 PP S1 S282.167 75.107 71.5775 68.047 60.987

JPYINR R2 R1 PP S1 S2

DAILY 52.932 52.147 51.755 51.362 50.577

WEEKLY R2 R1 PP S1 S253.940 52.550 51.855 51.160 49.770

MONTHLY R2 R1 PP S1 S255.165 528758 51.730 50.5858 48.295

GBPINR R2 R1 PP S1 S2

DAILY 104.973 102.419 101.609 99.865 97.311

WEEKLY R2 R1 PP S1 S2108.266 103.251 100.744 98.236 93.221

MONTHLY R2 R1 PP S1 S2 114.300 104.760 99.990 95.220 85.680

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ ONGC plans to invest Rs 41,678 crore - Oil and Natural Gas Corp is planning to invest Rs41,678 crore for bringing to production newer oil and gas fields and redeveloping ageing fields,according to reports.A report said that company produced 25.94 million tonnes of crude oil and23.52 billion cubic meters of gas in 2014-15. The company will invest Rs 24,188 crore indevelopment of six projects both on the east and west coast and another Rs 17,490 crore will bespent on redeveloping its prime Mumbai High fields, says report.According to reports, thecompany will also invest Rs 6,086 crore in western offshore Daman field development toproduce 27.67 billion cubic meters (bcm) of gas by 2034-35

✍ Madras High Court discards Sun TV petitions - Madras High Court has found KalanithiMaran-owned Sun TV and Kal Comm petitions, against an Enforcement Directorate order on amoney laundering charge, unmaintainable in court. The company representatives had earliercontended that Sun TV was not among the accused in the pending Supreme Court case.Thealleged illegal gratification of Rs 742 crore were purchased before the ED-attached propertiesvalued at over Rs 1,000 crore in the Aircel-Maxis case. Hence the former had no connectionwith the latter, they argued. The petitioners are however free to approach the Supreme Court forredressal if they are not satisfied with the High Court order. It may be recalled that the CBI hadfiled a charge sheet in 2011 against the Maran brothers, Malaysian businessman T.Ananthakrishnan and Maxis Communications, a company promoted by Ananthakrishnan, SunDirect TV and Astro All Asia Networks.

✍ Ashok Leyland seeks shareholder nod for fund raising - Ashok Leyland is seekingshareholders approval to raise money through Qualified Institutional Buyers (QIBs) and otherroutes, according to a media reports.A report says that the proposed offering of securities by thecompany is for funding capital expenditure, long-term working capital requirements,investment in JVs, associate companies (including overseas companies).The company'smanagement reportedly stated that it is planning to invest to the tune of around Rs. 250-300crore during the current fiscal.

✍ Jet Airways stock zooms 13% - Shares of Jet Airways Ltd was higher by 13% to Rs. 286on BSE today. The stock has hit a high of Rs. 294 and a low of Rs. 248. Jet Privilege, theaward-winning frequent flyer programme of Jet Airways has entered into a reciprocal frequentflyer partnership with Vietnam Airlines.The JetPrivilege and Golden Lotus Plus frequent flyerpartnership will provide enhanced connectivity for Jet Privilege Members with the opportunityto earn and redeem JPMiles across Vietnam Airlines' network on destinations like Ho Chi MinhCity, Nha Trang, Phnom Penh, Hanoi via Bangkok and Singapore. Similarly members ofVietnam Airlines' Golden Lotus Plus programme can also earn and redeem their miles acrossJet Airways’ network.

✍ RBI, Maldives Monetary Authority sign MoU - The Reserve Bank of India has concludeda Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange ofSupervisory Information” with Maldives Monetary Authority (MMA) on June 2, 2015.TheMoU was inked by Neeza Imad, Assistant Governor-Financial Stability, Maldives MonetaryAuthority and SS Mundra, Deputy Governor, Reserve Bank of India. The Reserve Bank hasbeen signing the Memorandum of Understanding/Exchange of Letters (EoL)/Statement ofCo-operation (SoC) with supervisors of other countries to promote greater co-operation andsharing of supervisory information among the authorities.With this the Reserve Bank hassigned 26 such MoUs, one Letter for Supervisory Co-operation and one Statement ofCo-operation, with overseas regulators/supervisors.

✍ Nestle India dips 3% as Maggi worth Rs. 320 cr being destroyed - Shares of NestleIndia were closed 3% lower at Rs. 5,783 on BSE today. According to reports, the company is inthe process of destroying 'Maggi' noodles worth Rs. 320 crore following recent product ban andrecall over food safety measures. "The estimated sales value of the stock in the market,including those with our trade partners is around Rs 210 crore. In addition, there was MaggiNoodles and related materials in our factories and distribution centres when the withdrawal wasannounced and the estimated value of these is around Rs 110 crore," the company said. Thestock has hit a high of Rs. 5,900 and low of Rs. 5,750 on BSE today. The total traded quantitywas 0.13 lakh shares and two-week average quantity is 0.52 lakh.

✍ Coal India Ltd is sixth-largest mining company in world - Coal India has become thesixth-largest mining company in the world in terms of market capital, according to a recentPwC report.

✍ Bharti Infratel gains on high volume - Bharti Infratel continues to trade near the highestlevel of the day at Rs. 462 - with a jump of almost 2 percent at Rs. 460 on the BSE, on the backof high volume.So far, the counter has seen more than 3.6-times surge in volume with trades ofaround 594,000 shares, as against two-week daily average volume of 162,000 shares.

✍ Indigo plans to file DRHP with SEBI on June 30 - IndiGo is planning to file the DRHPwith Sebi on June 30, according to reports.The airline plans to raise up to US$400 mn (aboutRs. 2,500 crore) through the IPO.A report says that the Citigroup, Kotak, Morgan Stanley, JPMorgan Chase, UBS & Barclays - have been appointed as book runners for the IPO.

✍ Biocon spurts after Syngene gets SEBI approval - Biocon is trading on a firm note in onthe BSE in early morning deals, on the back of positive news flow.According to media reports,Syngene International, research arm of biotechnology major Biocon, has received capitalmarkets regulator Sebi's approval to launch an initial public offer (IPO).The stock rallied to a

high at Rs. 460, and is now up 2 percent at Rs. 456.On the BSE, so far 34,000 shares have beentraded at the counter as against the daily average volume of 76,000 shares in the past two weeks

✍ Gayatri Projects to consider preferential issue on June 16 - Gayatri Projects Ltd hasannounced that a meeting of the Board of Directors of the Company will be held on June 16,2015, to consider Preferential Issue of equity shares, subject to the shareholders and othernecessary approvals and in compliance with the provisions of the Companies Act, 2013, theSEBI (ICDR) Regulations and other applicable laws / regulations.The board will consider thenotice calling Extra Ordinary General Meeting.

✍ Financial Tech zooms 16% on high volume - Financial Technologies continues to trade onan upbeat note on the Bombay Stock Exchange (BSE), on the back of high volume.On theBSE, the counter has clocked volume of 515,000 shares, a 9.7-fold rise over two-week averagedaily volume of 53,000 shares.So far, Financial Technologies rallied to a high of Rs 163, and isnow up almost 16 percent at Rs. 159.

Meanwhile, the BSE Sensex has jumped 137 points at 26,823.

✍ State Bank of Bikaner to cut base rate by 15 bps from Jun 18 - Shares of State Bank ofBikaner Ltd were trading 0.51% higher at Rs. 524 on BSE today.The bank has revised the baserate from 10.10% to 9.95% with effect from 18 June 2015. The existing BPLR at 15% remainsunchanged.The stock opened at Rs. 525 as against the previous close of Rs. 521.25 on BSE. Ithas hit a high of Rs. 528 and a low of Rs. 522 on BSE today.Total traded quantity on thecounter stood at over 2,557 lk shares on BSE.

✍ SEBI issues detailed ESOP disclosure norms - The SEBI on Tuesday said thecompensation committee of a company’s board should disclose the quantum of employeebenefit scheme on an aggregate as well as employee count basis.Besides, the conditions underwhich stock options or other benefits would vest in employees or lapse in case of termination ofemployment for misconduct should also be clearly spelt out by the committee, said SEBI.Thecommittee also has to consider the right of an employee to exercise all the options or SARs,either at one go or in multiple times besides making adjustments to the entitlement with regardto the number of shares and exercise price arising out of corporate actions, such as rights issues,bonus issues, merger, sale of division and the like.The adjustment in price and the number ofoptions or shares should be such that the total value remains unaltered to the employee. SEBImandated that the vesting period and the life of the options should be left unaltered as far aspossible to protect the rights of the employees.

✍ Chambal Fert gets CCI approval for sale of textile unit - With reference to the earlierletter dated March 14, 2015 and May 01, 2015, in connection with the sale of textile business ofthe Company, i.e., Birla Textile Mills located in Himachal Pradesh, to Sutlej Textile &Industries Limited (“Sutlej”), Chambal Fertilisers & Chemicals Ltd has now informed BSE thatin accordance with the requirement of the Competition Act, 2002, Sutlej filed a notice/

application with the Competition Commission of India (“CCI”). Sutlej has informed to theCompany that CCI has vide a letter dated June 09, 2015 (received by Sutlej on June 11, 2015)communicated its approval to the proposed transaction Chambal Fertilisers is trading up by2.91% at Rs. 60.10.On the BSE, the counter has seen trades of around 0.68 lakh as against itstwo-week daily average volume of 0.53 shares.

✍ RIL zooms 5% on growth plans - Reliance Industries (RIL) continued its north-boundjourney on the back of renewed buying interest at the counter after the company announced itsambitious growth plans at the AGM on 12 June, 2015. Mukesh Ambani spoke about RIL'sambitious plan to invest Rs 2 lakh crore over the next 12-18 months at the 41st AGM.Thecompany also said that it will roll out Reliance Jio (4G) services by December, with coverageof nearly 80 percent of the country's population by year-end. The stock today zoomed over 5percent to Rs. 980.The stock hit a high of Rs. 982and low of Rs. 933 on BSE today. The totaltraded quantity was 14.02 lakh shares and two-week average quantity is 3.72 lakh.

✍ PNB clarifies to BSE on sale of bad loans to ARCs - The BSE (Bombay Stock Exchange)had sought clarification from Punjab National Bank with respect to news article appearing inThe Financial Express on June 16, 2015 titled "PNB seeks to sell Electrotherm, BharatiShipyard loans to ARCs."Punjab National Bank replied stating "Acceptance of deposits,disbursement of loans, settlement of NPA accounts under compromise or by sale underSARFAESI or through ARCs etc irrespective of the value, are part of normal banking activities.We are, therefore, of the opinion that the subject matter does not fall under clause 36 of thelisting agreement to be reported to the stock exchanges."The bank’s exposure to BharatiShipyard stands at Rs 482 crore and to Electrotherm at Rs 308 crore. The corporate debtrestructuring (CDR) package of Bharati Shipyard and Electrotherm had failed in Q1 FY15

✍ Infosys allots bonus shares - Infosys Ltd has announced that the Board of Directors allotted114,84,72,332 equity shares each aggregating Rs. 574,23,61,660/- issued by capitalization ofgeneral reserve / securities premium and distributed as fully paid-up bonus shares in the ratio of1 (one) equity share for every 1 (one) equity share held to those shareholders whose namesappear on the Register of Members / Register of Beneficiaries as at the closing of June 16,2015.

✍ YES Bank cut base rate by 25 bps - YES BANK, India’s fifth largest Private sector bank,has cut its Base Rate by 25 basis points from 10.75% p.a. to 10.50% p.a. The revised rates willbe effective from June 22, 2015.The reduction is a consequence of the recent term deposit ratecuts of upto 25 basis points carried out by the Bank across various tenors which were madeeffective from June 17, 2015.On Wednesday, HDFC Bank has cut its base rate by 15 bps to9.7% per annum.

✍ All India one day bank strike on June 24 - Bank of Baroda has been informed by IndianBanks’ Association that the General Secretary, All India Bank Employees’ Association(AIBEA) has served a Notice of Strike dated May 29, 2015 informing their decision to go on

All India One Day strike on June 24, 2015 in support of the strike call given by State SectorBank Employees’ Association for their demand in respect of certain industry level issues.TheBank is taking all the necessary steps in terms of the existing guidelines to deal with the strikein the event the same materializes, BoB said in a filing to BSE.

✍ Suzuki Motors signs deal with Proton - Suzuki Motor Corporation has signed a deal withProton for the assembly and sale of an entry-level model in its domestic market, according toreports.A report says that Suzuki will supply completely knocked down (CKD) kits of cars toProton.The company sold about 116,000 vehicles in 2014. Suzuki holds over 56% in MarutiSuzuki India.

✍ RBI to issue sovereign gold bonds - According to media reports, the RBI on behalf of thegovernment is planning to issue sovereign gold bonds, to control trade deficit."Issuing agencywill need to pay distribution costs and a sales commission to the intermediate channels, to bereimbursed by the government," the draft from the government said. "An indicative lower limitof 2 percent may be given, but the actual rate will have to be market determined," it addedadding that "on maturity, the investor receives the equivalent of the face value of gold in rupeeterms".The bonds would be issued in denominations of two, five and 10 grams of gold or othersizes for a minimum term of five to seven years and they can be used as collateral for loans, thereports added.

✍ JSW Steel expects steel demand to pick up in H2FY16 - JSW Steel reportedly saidthat it is planning to increase in Import duty of steel production.The domestic steel prices goin-line With landed cost of imports, company quoted.The company is hoping steel demandpicks up in H2FY16, company reportedly said.At 3:33 PM, the stock of the company is tradingup 2.8% at Rs. 907.50. The stock opened at Rs. 883.45 as against the previous close of Rs.882.45 on BSE. It has hit a high of Rs. 911 and a low of Rs. 883 on BSE today.

✍ Dr Reddy's Laboratories completes acquisition of UCB's select brands - Dr Reddy'sLaboratories stated that it has completed the acquisition of select portfolio of established brandsof Belgian firm UCB in India."with regard to acquisition of select portfolio of the establishedproducts business of UCB in India, Dr Reddy's Laboratories Ltd...has concluded thetransaction," the company said.Earlier On April 1, the company had said that it would acquireselect portfolio of established brands of UCB in India, Nepal, Sri Lanka and Maldives for Rs.800 crore.

✍ Tata Group plans to launch hybrid online retailing venture - The Tata Group is planningto launch the country's first hybrid online retailing venture, according to reports. A report saysthat Group firm Tata Industrial Services, which changed its name to Tata Unistore Ltd, will

spearhead the venture.The company is in advanced talks with top brands across categories tocomplete the integration with their offline stores, says report.Tata Group reported, "Indeede-commerce is of interest to the Tata Group. We will share more information at the appropriatemoment."

✍ Apollo plans to sell stake in Dish TV - Private equity major, Apollo is planning to raiseupto $75 mn by selling up to 4.4% of its stake in Dish TV, through a book building issue,according to reports.A report says that as per the terms of the transaction, the base offer sizewill be $50 mn.The price band for the offer is between Rs 102 and Rs 109.7 per share, saysreport.

The settlement date for the offer is June 23.

TOP ECONOMY NEWS

The country has received 5% more rainfall than the normal limit till now even as northwestIndia, the southern peninsula and central India have received below normal rainfall, accordingto the Met department.

India has conveyed to Iran that its interest in oil and exploration projects in the Gulf nation isstill alive. Commercial interaction with the Iranian authorities is independent of the decisions ofthe West on Iran’s disputed nuclear programme and the end-June deadline, an official involvedwith negotiations said.

The government has proposed a stringent appraisal system at public sector banks, aiming toinfuse efficiency and transparency in the state-owned banking entities after it opened the doorto private sector candidates for key posts.

With the government taking steps to improve ease of doing business and attracting investments,FDI inflows into the services sector grew by over 46% to USD3.2bn in 2014-15.

The Oil Marketing Companies announced Rs0.64 per litre hike in petrol prices and a Rs1.35per litre cut in diesel rates in order to align the domestic rates with global price benchmarks.

The wholesale price index-based deflation continued for the seventh month in a row, at 2.36%in May, though the rate of decline in prices moderated from 2.65% in April, according toofficial data. The Department of Telecom has issued the Letter of Intent to all the telecom players thatparticipated in the March auction and is speeding up spectrum allocation to them.

Services exports fell by 4.5% to USD13bn in April 2015 as compared to the same month lastyear. In the backdrop of Uttar Pradesh government promising to provide 22-24 hr power supplybefore 2017, UP has registered maximum power shortage amongst the 12 major Indian states.

The trade deficit for May 2015 came at USD10.4bn, slightly lower than April 2015. Exportsand imports continued to contract, respectively, 20.2% and 16.5%. The BJP-led government in Maharashtra, in a serious bid to compete with other investorfriendly states, in its new information technology and IT Enabled Services policy has proposedwaiver in stamp duty, electricity duty, octroi, entry tax and local body tax.

The number of mobile subscriptions in the country is expected to increase to 1.4bn by 2020,against 970mn in 2014, driven by rise in affordable devices and services, according to a reportby telecom equipment maker Ericsson.

Merchandise exports in May contracted 20.2%, reaching USD22.34bn compared with USD28bn a year ago in the same month. Exports registered a bigger fall in May as against Aprilwhen it contracted 14%.

The Cabinet cleared 'Housing for All by 2022' scheme with an increase in interest subvention to6.5% on housing loans to economic weaker section.

The Cabinet Committee on Economic Affairs increased the minimum support price of paddy byRs. 50 to Rs. 1,410 per quintal for this year.

Government has increased import duty of flat and long steel products effective 16 June. Dutyon flat products has been increased from existing 7.5% to 10% and on long products it wasraised to 7.5% from 5.5% at present.

The government has cancelled approvals of 22 special economic zones, including that of TamilNadu Industrial Development Corporation and True Developers, as no "satisfactory" progresswas made to execute the projects

The government approved Rs75.3bn projects in Maharashtra for widening of stretches of NH 6under its flagship road building programme NHDP.Proposals for foreign direct investment amounting to around Rs40bn by four pharma andmedical devices firms, including Torrent Pharmaceuticals and Biocon's research services armSyngene, were approved by the government.

Gearing up to roll out GST from April 1, 2016, the Finance Ministry set up two committees tosuggest tax rates and look into IT preparedness for the new indirect tax regime.

The air traffic rose 18.35% in May on a y-o-y basis, and IndiGo retained its No. 1 positionamongst domestic airlines growing its market share to 38.9%.

Money held by Indians in Swiss banks fell by over 10% last year to SFR1.8bn (about Rs26bn),amid an enhanced clampdown against the famed secrecy wall of Switzerland’s banking systemby Indian and other governments.

Finance Minister Arun Jaitley has assured global investors that the Narendra Modi governmentis making all efforts to allay their concerns on the reforms process, the taxation regime andpolicy stability.

The garment industry, which is reeling under severe cash crunch, has recovered Rs4bn in lastthree months from retailers who had defaulted on payment due to weak demand.

Excessive heat in May and early June has hit tea consumption in western India, according tothe Federation of All India Tea Traders Association

TOP CORPORATE NEWS

Ashok Leyland will seek shareholders approval to raise money through Qualified InstitutionalBuyers and other routes. The proposed fund raising is to support the company's capex, workingcapital and investment in joint ventures and other purposes.

Anil Agarwal-promoted Vedanta Ltd said it would merge its subsidiary Cairn India withitself for a larger natural resource play. In the all-stock deal, each Cairn India shareholderwould be offered an equity share of Vedanta Ltd, besides a 7.5% redeemable preference shareof Rs. 10 face value.

Life Insurance Corporation, which is a minority shareholder in Cairn India with 9.06%stake, has sought higher dividend on the redeemable preference shares that the oil producerplans to offer as a part of its merger plan with parent Vedanta Ltd.

Cipla Ltd, India's fourth-largest drugmaker by sales, is planning to enter Latin America andEastern Europe to tap into growing demand for generic drugs in emerging markets, ChiefExecutive Subhanu Saxena said.

Vodafone Group Plc's three Indian units raised a combined Rs 7,500 crore in a first everrupee-bond sale.

Public-sector banks have put Rs.140bn worth of non-performing assets up for sale, to easesome pressure exerted by stressed loans on their balance sheets. Delhi-based Punjab NationalBank’s Rs50bn bad loans account for a large portion of the total offered for sale

With the US probing TCS and Infosys for alleged visa rule violations, Communications and ITMinister Ravi Shankar Prasad said the government will intervene if the need arises.

TCS and IBM have emerged as frontrunners in the race to win Swedish truckmaker AB Volvo'sIT outsourcing contract, worth about $500 mn.

In an attempt to prevent the first major strike by steel workers in the UK since the 1980s, TataSteel has approached the country’s conciliation service ACAS, which it hopes will facilitatetalks between the two sides.

Mahindra & Mahindra will launch a new light commercial vehicle named Jeeto by the end ofJune to take on homegrown rival Tata’s popular minitruck Ace Zip.

Mahindra First Choice Wheels, the multi-brand pre-owned cars division of Mahindra &Mahindra, has set a target of selling around 7,000 units of small commercial vehicles thisfinancial year.

Country’s largest power producer NTPC said it has commissioned another 200 megawattcapacity at its Koldam Hydro Power Project in Himachal Pradesh.

State-run NTPC said that it has entered into an agreement with Jammu and Kashmir StatePower Development Corporation Ltd to form a joint venture company for mining atKudanali-Luburi coal block in Odisha.

State-run power generation company NTPC will seek its board's nod on the takeover ofDamodar Valley Corporation's Raghunathpur thermal power plant in West Bengal's Puruliadistrict.

Mukesh Ambani-owned Reliance Retail is in the process of rolling out an e-commercemarketplace that will provide a platform to small retailers to sell products online.

Reliance Communications and AFK Sistema have entered into exclusive discussions on apotential merger between the Indian telecom business of Sistema Shyam TeleServices andReliance Communications through a stock swap.

The Street may be cautious about Reliance Industries’ telecom and retail businesses, but theMukesh Ambani-controlle d firm says Jio and retail will place Reliance in a select group ofmost valuable companies in the world. Private sector lender IndusInd Bank has now decided to focus on the real estate business, aftera gap of almost six years. The lender has decided to focus on financing construction of projectsand the Loan Against Property business. Nestle India is in the process of destroying Maggi instant noodles worth Rs3.2bn after it wasbanned by central food safety regulator FSSAI due to presence of lead and taste enhancermonosodium glutamate beyond permissible limits.

The ban on Nestle's Maggi brand and its recall have affected close to 1,500 direct employeesof the company involved in the production of the instant noodles.

Several test reports from states such as UP, Chhattisgarh, Karnataka, Assam, ArunachalPradesh, Sikkim, Meghalaya and Mizoram have found Maggi noodles to be free of lead asNestle India undertakes a country-wide recall.

India's largest telecom service provider Bharti Airtel will start trials of its 4G services in Delhifrom June 18.

Bharti Airtel said its agreement with Helios Towers Africa for sale of tower assets in Tanzaniaand Tchad signed last year has been terminated.

Adani Group has decided to invest Rs50bn in Tamil Nadu to set up a 700 mega watt powergeneration capacity based on solar. This is part of Adani Group's plan to set 10,000 mega wattof solar power by 2022 across the country.

Aurobindo Pharma has received the final approval from the US Food & Drug Administrationto manufacture and market extended Phenytoin Sodium Capsules, an anti-epileptic drug forcontrolling seizures. A detailed project report on the proposed Rs50bn steel plant to be set up under a jointVenturebetween ArcelorMittal and state-run SAIL will be completed by August. Glenmark Pharmaceuticals has received final nod from the US health regulator for genericoral contraceptive Levonorgestrel/Ethinyl Estradiol tablets and plans to commence shipping ofthe product immediately. State-owned BHEL said it has commissioned NTPC's 800-MW Koldam hydro power projectin Mandi district of Himachal Pradesh. An inter-ministerial panel deferred decision for the second time on Kotak Mahindra Bank'sproposal for raising foreign investment limit in the bank to 55%.

Essar Oil is planning to set up another 2,100 retail outlets, taking the total tally to 5,000 retailoutlets. This will make Essar Oil largest private fuel retailer in the country.

The Ruias of the Essar group are set to sell 49% stake in Essar Oil to Russian oil and gas giantRosneft for close to Rs105bn.

After setting up 1,500 fuel retail outlets and having 1,400 under implementation, Essar Oil isplanning to set up another 2,100 retail outlets, taking the total tally to 5,000 retail outlets. Thiswill make Essar Oil largest private fuel retailer in the country.

Private sector HDFC Bank has cut base rate or minimum lending rate by 0.15%, a move whichwill lower EMIs for its borrowers.

After launching a new brand, budget carrier, SpiceJet put up 50,000 tickets on sale for fourdays to popular international destinations such as Colombo, Bangkok and Dubai.

Idea Cellular expects Reliance Jio Infocomm's impending launch of 4G services to fuel fastergrowth of data services in the country, but India's third-largest telecom operator will continue tofocus on growing its 3G operations for now.

Russian oil giant Rosneft's talks with India's Essar Group to buy a key stake in the unit thatowns the Vadinar refinery have slowed, sources said, after the two sides clashed over thewestern Indian plant's valuation.

Future Group founder and chief executive Kishore Biyani wants to recast the strategy of thegroup and likes to call it "rebirth".

Amtek Auto brushed aside reports of a default in repayment of loan repayments related toforeign currency convertible bonds (FCCBs) of USD70mn.

IIFL Holdings informed the exchanges that it has received the approval of the insuranceregulator for the transfer of 75% shareholding in India Infoline Insurance Brokers to OrpheusTrading.

The Bombay High Court has not provided any ad interim relief to Madhu Kapur, thesecond-largest promoter of YES Bank, who has been seeking a stay on the reappointment oftwo directors — M R Srinivasan and Diwan Arun Nanda (independent director).

Manufacturers of Ambuja Cement will set up 15 Ambuja knowledge centres in various partsof the country by December.

Mangalore Refinery and Petrochemicals Ltd has commenced commercial production ofpolypropylene in Mangaluru.

This Document has been prepared by Ways2Capital (A Division of High Brow MarketResearch Investment Advisory 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.