CS CLOSING BELL: 22 AUG 2016

CS CLOSING BELL:

NIFTY SPOT DOWN 37.75 @ 8629.15

SENSEX DOWN 91.46 @ 27985.54

BANK NIFTY FUTURES DOWN 60.65 @ 19352.40

HAVE A NICE DAY!

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TOP CORPORATE NEWS - 22 AUG 2016

NTPC Q1 net profit In-line

NTPC has announced the following Q1 Unaudited Standalone results for the quarter ended June 30, 2016 (YoY):

Net Profit rose by 4.08% to Rs2369.53 crore Vs Rs2276.50 crore (YoY).

Total Income increased by 10.88% to Rs19220.80 crore Vs Rs17333.91 crore (YoY).

IGL Q1 net profit up 44% at Rs148 cr (YoY)

IGL Q1 net profit up 44% at Rs148 cr (YoY)Indraprastha Gas Ltd ( IGL) has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:

Net Profit rose by 44.38% to Rs148.01 crore Vs Rs102.51 crore (YoY).

Total Income increased by 0.03% to Rs907.69 crore Vs Rs907.34 crore (YoY).

Fortis Health board approves diagnostic biz demerger; stk down

The board of directors of Fortis Healthcare at a meeting held on August 19, 2016 approved a proposal to demerge its diagnostics business, including that housed in its majority owned subsidiary SRL Ltd ( SRL) into another majority owned listed subsidiary, Fortis Malar Hospitals ( Fortis Malar) pursuant to a composite scheme of arrangement and amalgamation. The total turnover of the demerged entity for FY 2016 was Rs 555 crore. The demerger");'> demerger shall be followed by SRL being merged with Fortis Malar as an integral part of the same composite scheme

Lupin gets approval for Acotiamide tablets

Lupin gets approval for Acotiamide tablets (used to treat indigestion) from the Central Drugs Standard Control Organisation and it shall commence promoting the product in India shortly.

The current market for plain Gastrointestinal (GI) prokinetics and combinations is estimated to be around Rs2640 crore growing at 14%.

Aptech rallies after Rakesh Jhunjhunwala hikes stake

Aptech rose over 18%, touching to Rs136, after the promoter, Rakesh Jhunjhunwala, increased his holding via open market.

According to reports, on Tuesday, August 9, Rakesh Radheshyam Jhunjhunwala had bought an additional 700,000 shares representing 1.75% stake in Aptech at an average price of Rs91.62 a piece, the NSE bulk deal data shows.

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CS CALLL BUY KTK BANK - 22 AUG 2016

CS CALLL BUY KTK BANK ABOVE 156 

TG :- 157.70/159.20/161.20 

SL :- 154

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World stocks fall in light trading as $ rises on Fed hike bets

Stock on major markets fell worldwide on Friday while the US dollar strengthened as investors began to price in a greater likelihood that the Federal Reserve will raise interest rates this year. European share markets posted their biggest weekly loss in two months, while US stocks edged lower, led by declines in utility shares as investors weighed prospects for an interest rate increase in the coming months.

Oil prices were mixed, with Brent crude ending lower and WTI light crude rising to post its biggest weekly gain since March. WTI has surged nearly 25 percent in a little over two weeks. However analysts warned the rally was backed by speculation rather than fundamentals.

Comments from senior Fed officials in recent days that suggest a bias towards raising benchmark US interest rates have pushed investors to re-examine minutes from the US central bank's most recent meeting in July, analysts said.

The Dow Jones industrial average fell 45.13 points, or 0.24 percent, to 18,552.57, the S&P 500 lost 3.15 points, or 0.14 percent, to 2,183.87 and the Nasdaq Composite dropped 1.77 points, or 0.03 percent, to 5,238.38. The US benchmark S&P 500 stock index is up 7 percent this year. 

Its recent run to record highs has been partly supported by expectations that the Fed will continue to keep rates low, as well as some upbeat earnings and economic news. European shares fell 0.8 percent on the day and nearly 2 percent for the week, their biggest weekly loss since mid-June. All major sectors in Europe were in the red.

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CS CALLL BUY YES BANK - 19 AUG 2016

                        


CS CALL BUY YES BANK ABOVE 1334 

TG :- 1348/1358/1373 

SL:- 1314

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CS CALL: BUY BANK NIFTY - 19 AUG 2016

CS CALL: BUY BANK NIFTY AUG., ABOVE 19450 

TG :- 19500/19550/19600 

SL :- 19380 

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Nifty holds 8,650 amid choppy trades; SBI, associate banks in focus

Markets have turned choppy after starting the session on a marginally higher note with state-owned banking major SBI leading the gains.

State Bank of India (SBI) and its associate banks are in focus after SBI after trading hours yesterday announced the merger of 5 associate banks viz. State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), and State Bank of Travancore (SBT) with itself. Shares of SBI are up almost 3%.

 the S&P BSE Sensex dipped 23 points at 28,100 and the Nifty50 slipped 3 points to trade at 8,670. Among broader markets, BSE Midcap and Smallcap indices are up 0.2%-0.3%.

Globally, Asian stocks edged up on Friday as Wall Street benefited from buoyant crude oil prices and expectations that US borrowing costs will remain at stimulatory levels at least until year-end.

Japan's Nikkei added 0.5% and South Korea's Kospi tacked on 0.2%. Australian shares added 0.1%.

MSCI's broadest index of Asia-Pacific shares outside Japan stood steady. The index was on track to rise 0.25% on the week, during which it reached a one-year high.

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