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2. MARKET TECHNICAL VIEW
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7676 7654 7139 6688
BANK NIFTY 15281 15252 14014 12484
NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
8033 7870 7789 7707 7544
WEEKLY R2 R1 PP S1 S2
8254 7928 7765 7602 7276
MONTHLY R2 R1 PP S1 S2
8765 8021 7649 7277 6533
BANK NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
16150 15796 15439 15082 14368
WEEKLY R2 R1 PP S1 S2
16073 15659 15452 15245 14831
MONTHLY R2 R1 PP S1 S2
19140 16500 15180 13860 11220
NSE EQUITY DAILY LEVELS
COMPANY R3 R2 R1 PP S1 S2 S3
ACC EQ 152633 1486 1463 1446 1423 1406 1366
ALBK EQ 133 125 121 117 113 109 101
AMBUJACEM EQ 236 225 218 214 207 203 192
ASIAN PAINT EQ 676 653 645 631 623 609 587
AXISBANK EQ 2274 2146 2066 2018 1938 1891 1763
BAJAJ­AUTO EQ 2156 2127 2114 2099 2085 2070 2042
BANKBRODA EQ 926 897 880 868 851 839 810
BANKINDIA EQ 326 308 297 290 278 272 253
BHEL EQ 258 243 235 228 220 214 199
BHARTIARTL EQ 368 361 358 354 351 347 341
CIPLA EQ 458 451 448 443 440 436 428
COALINDIA EQ 403 391 384 379 372 367 354
DLF EQ 233 220 212 207 199 193 180
DRREDDY EQ 2892 2814 2779 2735 2700 2656 2577
GAIL EQ 451 439 435 426 421 414 401
GRASIM EQ 3464 3387 3340 3311 3264 3235 3185
HCLTECH EQ 1631 1603 1592 1575 1564 1547 1519
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3. HDFC EQ 1141 1102 1084 1062 1045 1022 982
HDFCBANK EQ 871 855 845 839 829 824 808
HEROMOTOCO EQ 2680 2620 2597 2560 2537 2500 2440
HINDALCO EQ 210 202 196 196 188 185 176
HINDUNILVR EQ 710 683 673 656 646 629 602
ICICIBANK EQ 1555 1519 1497 1493 1461 1447 1411
ITC EQ 369 363 360 356 353 349 342
INDUSIND BANK EQ 581 565 557 550 542 535 520
INFY EQ 3541 3446 3399 3351 3304 3256 3161
JINDALSTEL EQ 323 304 293 286 275 267 248
JPASSOCIAT EQ 70 65 62 60 57 55 49
KOTAKBANK EQ 1003 983 963 953 943 934 923
LT EQ 1717 1686 1672 1655 1640 1623 1592
M&M EQ 1251 1231 1221 1211 1201 1191 1171
MRF EQ 25220 24467 24093 23714 23340 22961 22208
MARUTI EQ 2596 2555 2532 2514 2491 2473 2432
ONGC EQ 418 410 405 402 397 394 386
ORIENTBANK EQ 317 300 290 282 272 264 247
RANBAXY EQ 621 599 591 577 569 555 532
RCOM EQ 148 139 136 131 127 123 115
RELCAPITAL EQ 661 629 609 596 576 564 531
RELIANCE EQ 1096 1060 1041 1024 1004 987 951
RELINFRA EQ 814 776 754 737 716 699 660
RPOWER EQ 103 97 94 91 88 85 80
SBIN EQ 2684 2600 2550 2516 2466 2432 2349
SESAGOA EQ 313 303 297 292 287 282 271
SUNPHARMA EQ 842 807 794 772 759 737 702
TATAMOTORS EQ 527 497 479 467 449 438 408
TATAPOWER EQ 109 105 103 101 99 97 93
TATASTEEL EQ 606 583 570 561 548 538 516
UNIONBANK EQ 212 203 197 194 188 184 175
NSE WEEKLY NEWS UPDATE
Cabinet clears insurance FDI to 49%; to fetch Rs 25k crore funds
The Cabinet on Thursday gave go­ahead to FDI cap hike in insurance to 49 per cent with a rider that
management control will remain in the hands of Indian promoters, thus paving way for inflow of as
much as Rs 25,000 crore foreign funds in the sector.
FII sub­limit in G­secs raised by $5bn
The RBI on Wednesday said the FII limit for investment in government securities has been increased by
$5 billion within the total cap of $30 billion. The central bank said in a notification the limit has been
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4. enhanced by reducing the investment limit for long­term investors from $10 billion to $5 billion. Long­
term investors include sovereign wealth funds (SWFs), multilateral agencies, pension, insurance funds
and foreign central banks registered with Sebi.
Tata Power generation up by 24%
Tata Power has generated 45,210 MUs (million units) of power collectively from all its power plants in
the year 2013­ 14, compared to 34,683 MUs in the previous fiscal. This marks a significant increase of
more than 24 % in generation, with the total power generation capacity of Tata Power.
CBI registers preliminary probe against Adani Group
CBI has begun an inquiry into the alleged inflated credit facility Adani Group got from banks by over­
invoicing imported power sector equipment to the tune of Rs 2,300 crore. CBI sources said the Adani
Group had allegedly taken credit facilities from several public sector banks for equipment for power
infrastructure. When contacted, Adani group officials said they were not aware of any such development
and no such communication has been received from CBI in this regard.
TVS Q1 net up 39%
TVS Motor Company saw its net profit surge 39% in the quarter ended June 2014 but its scrip was
buffeted by volatility in the stock market. The two­wheeler major's profit before tax during the quarter
grew 46% from Rs 69.1 crore last Q1 to Rs 100.5 crore this time round. Profit after tax for the quarter
ended June 2014 grew from Rs 51.9 crore in June 2013 to Rs 72.3 crore this time round. Quarter on
quarter, too, the net profit jump has been similar ­ up just under 39% from Rs 52.12 crore in the March
2014 quarter.
Tata Steel raises $1.5bn via debt
Tata Steel raised $1.5­billion dollars of debt from international investors on Thursday. It raised $500
million through five­and­a­half year papers at an yield of 4.85% per annum while another $1 billion was
raised through 10 year papers at 5.95%. The debt raising plan generated a book size worth $10 billion,
sources said. The bonds were rated BB+ by both S&P and Fitch. About 58% of the total allocation was
made to Asian investors while the balance was distributed among investors from Europe and offshore US
investors.
Cairn India gives $1.25bn loan to parent, stock tanks
Shares of India's largest private sector oil explorer Cairn India tanked 7%, its sharpest fall in five years,
after a surprise disclosure in an analyst call of a $1.25­billion loan to Sesa Sterlite, a subsidiary of its
parent Vedanta Resources. Cairn India's claims of doubling its in­place hydrocarbon reserves at its
Rajasthan block from current 3 billion barrels to 6 billion barrels during its AGM on Wednesday didn't
help. Shocked by the lack of transparency, investors dumped shares of the cash­rich firm.
Wipro Q1 profit up 29.6%, slightly lags estimates
India's third­biggest IT services exporter Wipro posted a 29.6 per cent rise in quarterly profit, slightly
lagging estimates, on the back of higher spending by overseas clients. For the quarter ended June 30,
Wipro posted a consolidated net profit of 21.03 billion rupees ($349.9 million), compared with 16.23
billion rupees in the year­ago quarter.
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5. MRF Q3 net up 1.29% at Rs 230.22 crore
Tyre maker MRF Ltd reported a marginal 1.29 per cent increase in standalone net profit at Rs 230.22
crore for the third quarter ended June 30, 2014. The Chennai­based tyre manufacturer had posted a net
profit of Rs 227.28 crore in the same period last fiscal.
ING Vysya profit down
ING Vysya Bank's net profit for the quarter ended June was down by 18% at Rs 143.4 crore compared to
Rs 175.1 crore in the corresponding quarter of the previous year. Net interest income increased by 8.8%
to Rs 463.1 crore, from Rs 425.4 crore. This was after interest reversal of Rs 20.5 crore in a few large
stressed accounts. Adjusting for the interest reversals, net interest income increased by 13.7%. The
adjusted net interest margin is 3.52% compared to 3.56% in the year­ago quarter. Total income
increased to Rs 690.7 crore compared to Rs 669.9 crore.
Carnival Group acquires Leela Infopark for Rs 280 crore
Carnival Group on Tuesday said that it has acquired Leela Infopark in Kochi for around Rs 280 crore. The
companies executed the transaction through a share purchase agreement between Leela Soft Pvt Ltd, the
developer of Leela Infopark, and Asian Business Connection, a company of Carnival Group.Leela Soft is a
co­developer of Infoparks Kerala, a society set up by Kerala government for developing IT infrastructure
in the state.
Dish TV posts loss of Rs 16.05 crore in Q1
Direct­to­home (DTH) service provider Dish TV India on Tuesday reported a standalone net loss of Rs
16.05 crore for the first quarter ended June 30, 2014. The company had registered a standalone net
profit of Rs 31.73 crore for the April­June quarter of the last fiscal.
Axis Bank net profit rises 18% to Rs 1,667 crore
Axis Bank has reported a net profit of Rs 1666.7 crore for the quarter ended June 2014 — an increase of
18% over Rs 1,409 crore in the corresponding quarter last year. The increase in profits was largely on
account of a drop in provisions and operating profit grew by only 2% to Rs 2896 crore from Rs 2843
crore in the corresponding quarter last year.
HDFC net profit rises 15% to Rs 1344.6 crore
The country's largest housing finance company HDFC has reported net profit of Rs 1344.6 crore for the
quarter ended June '14 an increase of 15% over the previous year after providing a Rs 74.44 crore
deferred tax liability on special reserves. Barring the deferred tax liability provision the net profit was
higher by 21%. For the quarter ended June 30, 2014, the consolidated profit after tax stood at Rs
1,872.90 crore as compared to Rs 1,707.10 crore in the corresponding quarter last year an increase of
10%.The corporation posted a 23% growth in individual home loan book (after adding back the loans
sold in the preceding 12 months). Gross non­performing loans stood at 0.70% as at June 30, 2014
compared to 0.77% in the corresponding quarter last year.
Idea Cellular lifts profit 57 per cent on higher voice rates, data use
Mobile phone company Idea Cellular reported a 57 percent jump in quarterly profit on Monday,
benefiting from fewer competitors, higher call rates and more customers using data plans. Idea Cellular,
India's third­biggest mobile phone operator by users and revenue, said consolidated first­quarter profit
was 7.28 billion rupees ($120.8 million), up from 4.63 billion rupees a year earlier.
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6. DLF to sell 30­acre land for Rs 550 crore to further reduce debt
DLF, India's largest real estate developer, is selling a 30­acre land parcel in Hyderabad's Raidurg area to
local builder My Home Group for Rs 550 crore, two people with knowledge of the development said.
The transaction will be completed in the next one month and DLF will use the money to reduce its debt
further, one of the persons said. DLF has pared its debt toRs 18,500 crore from over Rs 23,000 crore a
few years ago, but it hopes to bring this down further to Rs 17,500 crore by the end of the current fiscal.
Kotak Mahindra Bank to buy 15% in MCX for Rs 459 crore
Financial Technologies (India), or FTIL, on Sunday announced that it has entered into a share purchase
agreement (SPA) to sell its 15% stake in MCX to Kotak Mahindra Bank for Rs 459 crore. FTIL, which has
to bring down its stake to 2% in MCX following the order from the regulator Forward Market
Commission (FMC), had offloaded 4% stake in the commodity exchange on July 16.
FIIs pump in Rs 22,000 crore this month
Continuing to bet on the reforms agenda of the government, overseas investors have poured in a little
over Rs 22,000 crore in the Indian markets since the beginning of the month. The net investments by
foreign investors in equity market stood at Rs 10,755 crore ($1.8 billion) till July 19, while for the debt
market it was at Rs 11,268 crore ($1.89 billion), taking the total amount to Rs 22,023 crore ($3.67
billion), according to the latest data.
Reliance Industries becomes first Indian private company to post $1 billion quarterly profit
Reliance Industries on Saturday posted a 13.7 per cent jump in its first quarter net profit to almost Rs
6,000 crore ($1 billion), the highest quarterly profit by a private firm, on the back of higher refining
margins, better petrochem earnings and surge in US shale gas business.The net profit in April­June rose
to Rs 5,957 crore, or Rs 20.3 per share, up 13.7 per cent from Rs 5,237 crore, or Rs 17.8 a share, in the
same period a year ago, the company said in a statement.
PNB Q1 profit beats forecast, up 10% but asset quality weak
Punjab National Bank (PNB) surpassed street expectations on profit and net interest income front but
the asset quality worsened during April­June quarter of current financial year 2014­15. Net profit jumped
10.2 percent on yearly basis to Rs 1,405 crore on account of fall in provisions but decline in other income
limited the profitability. The bank reported growth in profit for the first time in last four quarters.
Indian Bank Q1 net falls 35% on lower other income; NPA up
Public sector lender Indian Bank disappointed street with the first quarter (April­June) net profit falling
34.8 percent to Rs 207.1 crore on account of lower other income. Profit in the year­ago period was Rs
317.4 crore. Net interest income, the difference between interest earned and interest expended, declined
marginally to Rs 1,072 crore from Rs 1,098 crore during the same period but other income (non­interest
income) slipped 59.2 percent on yearly basis to Rs 215.2 crore in the quarter ended June 2014.
Allahabad Bank Q1 net profit tanks 73% but NII rises 23%
State­owned lender Allahabad Bank reported a 72.7 percent decline in net profit at Rs 112.7 crore in
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7. April­June quarter (Q1FY15) compared to Rs 413 crore in same quarter last year on account of higher
provisions, tax cost and fall in other income but net interest income growth was very strong. Net interest
income, the difference between interest earned and interest expended, grew 22.7 percent to Rs 1,609.7
crore in June quarter from Rs 1,312 crore in corresponding quarter of previous financial year while
during the same period, other income (non­interest income) slipped 6.4 percent to Rs 469 crore from Rs
501.3 crore.
UCO Bank Q1 profit up 2%, other income falls significantly
Public sector lender UCO Bank has reported a net profit of Rs 520 crore in the first quarter (April­June)
of current financial year, increased marginally (1.7 percent) compared to Rs 511 crore in same quarter
last year on account of significant fall in other income that was the reason behind fall in share price. Net
interest income, the difference between interest earned and interest expended, grew 8.7 percent on
yearly basis to Rs 1,483 crore from Rs 1,364 crore while other income (non­interest income) fell 30
percent to Rs 322.23 crore from Rs 461.9 crore year­on­year.
Shriram Transport Finance Q1 PAT drops 10% to Rs 306 cr
Shriram Transport Finance Corporation 's April­June quarter (Q1FY15) net profit declined by 10 percent
to Rs 306 crore from Rs 341 crore in corresponding quarter of last fiscal. However, total income was up
by 6 percent to Rs 2,015.8 crore from Rs 1,891.3 crore, Y­o­Y.
Goldman sells 1.91% Mahindra and Mahindra stake for 1,400 crore
Goldman Sachs Group raised about Rs 1,400 crore by selling 1.91% stake in Mahindra and Mahindra,
exchange data showed. The US investment banking giant sold 11.8 million shares in India's biggest
sports utility vehicle maker at Rs 1,161.23 a share. Interestingly, another Goldman Sachs' Singapore
entity was among the buyers, data showed. In 2008, the Anand Mahindra­led company had sold Rs 700
crore worth of convertible debt instruments to Goldman Sach's Golboot Holdings.
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8. This Document has been prepared by Ways2Capital (A Division of High Brow Market Research
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