TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8380/ 18358. According to technical analysis if Nifty futures
and Bank Nifty future moves down-word in tomorrow treading session then 8355 will be small support for Nifty
futures and 18281 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go
down to 8218 level and Bank Nifty futures can touch 17927 level in next few days. It will be hard support for
Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8519 for Nifty futures and
18870 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on
8627 and 19107 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

PIVOT POINT NIFTY
DAILY

R2
8471

R1
8557

PP
8465

S1
8373

S2
8189

WEEKLY

R2
9312

R1
8700

PP
8394

S1
8088

S2
7476

MONTHLY

R2
8861

R1
8587

PP
8450

S1
8313

S2
8039

PIVOT POINT BANK NIFTY

DAILY

R2
19368

R1
18904

PP
18672

S1
18440

S2
17976

WEEKLY

R2
251307

R1
19389

PP
18430

S1
17471

S2
15553

MONTHLY

R2
20136

R1
19096

PP
18576

S1
18056

S2
17016

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY
BANK NIFTY

8225
17911

8261
18059

8483
18470

8400
18135

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

8247

7926

9073

18875

20820

BANK NIFTY

17975

NSE EQUITY DAILY LEVELS

COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC
ALBK

EQ
EQ

1456
95

1439
93

1429
92

1423
90

1419
89

1406
88

1389
86

AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BANKINDIA
BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER

EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ

238
768
566
2475
149
184
253
454
638
410
111
3498
418
3464
970
1291
1069
2654
128
895
315
310
859
1034
101
1462
1792
1436
34645
4094
331
186
62
371
1042
383
46
270
187
889
462
75
317
149

231
753
559
2440
145
180
247
443
622
402
109
3446
407
3424
946
1263
1048
2604
124
875
309
307
845
1016
97
1386
1757
1365
33972
4007
324
182
60
362
1019
373
45
265
181
870
449
74
311
146

229
747
556
2421
143
179
244
438
614
398
107
3413
401
3404
931
1249
1039
2577
122
866
307
306
840
1006
94
1359
1738
1335
33598
3977
322
180
59
358
1007
368
44
262
179
858
441
73
308
145

225
728
552
2406
141
176
241
432
606
394
106
3393
397
3384
922
1234
1026
2553
121
855
303
304
831
996
92
1311
1723
1294
33299
3919
318
177
58
352
995
363
43
260
174
850
436
72
306
143

222
731
549
2389
139
175
238
427
599
390
105
3360
391
3364
907
1221
1017
2527
119
846
301
303
826
988
89
1284
1704
1264
32925
3890
315
175
57
348
983
358
42
257
172
838
428
71
302
142

218
723
545
2371
137
173
235
421
591
387
104
3341
386
3344
898
1205
1004
2503
118
835
298
301
818
982
87
1235
1688
1223
32626
3831
311
172
56
343
971
353
41
255
168
831
423
70
300
140

212
708
538
2336
133
169
228
411
575
379
102
3289
375
3304
875
1177
982
2453
114
815
292
298
804
965
82
1160
1653
1152
31953
3744
304
168
55
334
947
343
40
250
162
811
410
69
294
137

SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

TOP 15 ACHIEVERS

SR.N SCRIPT NAME PREV

O
CLOSE

//

TOP 15 LOOSERS

CMP

% CHANG

SR.NO

SCRIPT
NAME

PREV
CLOSE

+29.31

TECH MAHINDRA

545.30

472.05

JSW ENERGY LTD

106.95

95.55

SE INVESTMENT

325

300

CHENNAI PETRO

179.15

165.50

CANARA BANK

307.20

286.70

90.45

84.54

97.15

90.80

JINDAL ST AND
PWR
ADANI
ENTERPRISES
VOLTAS LTD

338.75

316.80

INDIAN BANK

149.55

140.00

10

MIND TREE LTD

1363.15

1276.50

11

HINDALCO INDUS

117.25

110.55

12

PFC

275.75

261.20

13

ROLTA INDIA

106.40

100.95

14

UCO BANK

55.85

53.20

15

HINDZINC

169.25

161.55

RAJESH EXPORTS

290

375

MARAL OVERSEAS

29.10

36.80

INDIA CEMENT

84.40

95.20

SRF LTD

1109.15

1248.60

PC JEWELLER LTD

370.90

416.65

KIRTI INDUS

98.45

110.45

MTHOOT FINANCE

185.20

207.40

AMTEK AUTO

145.85

162.30

ESCORTS LTD

119.70

132

10

MMTC

45.95

55.55

11

ENGINEERS INDIA

220.05

241.15

12

559.35

655.05

13

INDIABULLS
HOUSING
R COM

58

63.25

14

BAJAJ AUTO

2390.60

2587.55

15

TVS MOTORS

239.85

258.15

+26.46
+12.80
+12.57
+12.33
+12.19
+11.99
+11.28
+10.28
+10.01
+9.59
+9.29
+9.05
+8.15
+7.63

CMP % CHANG

-13.43
-1.66
-7.95
-7.62
-6.67
-6.63
-6.54
-6.48
-6.39
-6.36
-5.71
-5.28
-5.12
-4.74
-4.55

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1.

ICICI BANK - ICICI BANK GAINED ALMOST 5% IN THIS WEEK AND LIKELY TO
CONTINUE ITS UPTREND IF IT TRADES ABOVE IN NEXT WEEK AND MAY CAN HIT THE 320
LEVELS.

2.

CAIRN INDIA - CAIRN INDIA IN IN DOWN TERND AND IF BREAKS 182 LEVEL THEN NEXT
SUPPORT IS 177 AND 170.

3.

GAIL - GAIL INDIA SHED ABOUT 3% THIS WEEK AND IF IT CONTINUOUS TO TREND
BELOW 385 THEN 378 LEVELS ARE NEXT SUPPORT.

4.

VEDL - VEDL IS IN STRONG DOWN TRND IF IT BREAKES 169.50 LEVEL THEN NEXT
SUPORT IS 168.

5.

AMBUJACEM - AMBUJACEM THIS WEEK SHOWED UPWARD MOMENTUM AND HIT THE
WEEKLY HIGH OF 243 IF IT BREAKS THE 243 LEVEL THEN 250 LEVELS ARE POSSIBLE IN
NEXT TWO TRADING SEASONS.

CURRENCY MARKET
USDINR

R2

R1

PP

S1

S2

DAILY

64.11

63.98

63.71

63.58

63.31

WEEKLY

R2
65.83

R1
64.53

PP
63.88

S1
63.23

S2
61.93

MONTHLY

R2
64.89

R1
64.15

PP
63.78

S1
63.41

S2
62.67

EURINR

R2

R1

PP

S1

S2

DAILY

71.65

71.03

70.72

70.41

69.79

WEEKLY

R2
74.94

R1
72.28

PP
70.95

S1
69.62

S2
66.96

MONTHLY

R2
73.29

R1
71.67

PP
70.86

S1
70.05

S2
68.43

JPYINR

R2

R1

PP

S1

S2

DAILY

52.52

52.06

51.83

51.60

51.14

WEEKLY

R2
54.85

R1
52.97

PP
52.03

S1
51.09

S2
49.21

MONTHLY

R2
53.88

R1
52.58

PP
51.93

S1
51.28

S2
49.98

GBPINR

R2

R1

PP

S1

S2

DAILY

101.49

100.15

99.48

98.81

97.47

WEEKLY

R2
105.59

R1
101.79

PP
99.89

S1
97.99

S2
94.19

MONTHLY

R2
103.92

R1
101.12

PP
99.72

S1
98.32

S2
95.52

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
Credibility of Indian economy has been partly restored: Arun Jaitley Finance Minister Arun Jaitley reportedly said that the credibility of Indian economy has been
partly restored and the momentum must be sustained over the next two years. Jaitley added that
there is "huge amount of enthusiasm" among investors as they see India picking up again,
according to reports.It is only then that investors world over are going to feel comfortable. The
initial signs are good but I think this is momentum which has to be sustained over a period of
time," quoted FM. Jaitley also stated that the reform process is clear, the government's thinking
is clear.

RBI to tighten regulations as foreign investors attempt to bypass FPI limit While market regulator SEBI finds nothing inappropriate in Deutsche Banks $1-billion
investment via UTI MFs Guernsey-based subsidiary in the Indian debt market in May this
year, RBI happens to hold a different ground, says a report.The banking regulator has got
alarmed by this investment and is looking to tighten norms.Deutsche Bank could also be
bypassing the FPI investment limits of 30 billion dollars in government securities by investing
through UTI mutual fund, the report said.We are aware of the transaction. Investments by FPIs
in mutual funds fall under the corporate bond limit of USD 51 billion. We are, however,
reviewing the regulation to ensure greater clarity in this area and that there is no room for any
ambiguity, said RBI in response to a questionnaire sent by The Indian Express regarding the
investment.The Securities and Exchange Board of India however happens to find nothing amiss
in the investment. Banks, Sovereign Wealth Fund, Mutual Funds and others fall under the
category of FPIs. As per Regulation 21(1) of SEBI (FPI) Regulations, 2014, an FPI is allowed
to invest in certain securities including units of mutual funds, the capital markets regulator said,
as mentioned in the report.

Thomas Cook, Cox & Kings slump on Greece crisis Thomas Cook and Cox & Kings traded on a slippery note on fears of earnings hit from the
Greece crisis.According to reports, these travel companies generate almost 65 percent of the
EBITDA from UK travel and educational business.Hence, exit of Greece from the Eurozone
may lead to revenue and foreign exchange losses for Thomas Cook and Cox & Kings. The
former slumped 4.5 percent to Rs. 220, while the latter tumbled over 6 percent to Rs. 235.

Dr Reddy's Laboratories recalls anti-seizure, hypertension drugs from US market

-Dr Reddys Laboratories has initiated voluntary recall of some drugs used to treat seizure and
hypertension from the U.S. market, according to reports,A report says that the firm started
recalling Divalproex Sodium extended-release tablets as it has failed dissolution tests.The drug,
which is used to treat certain types of seizures (epilepsy), is being recalled under the class-II

classification, says report.Media report says that according to a communication issued by the
USFDA, the drug maker has began recalling Divalproex Sodium extended-release tablets, USP,
250 mg of 100 count (7,479 units) and 500 count bottles (2,544) units on the ground of "failed
dissolution specifications.

Kotak Mahindra Bank gets shareholders approval for 1:1 bonus share Shareholders gives approval to Kotak Mahindra Bank's proposal for issuance of bonus shares,
according to reports.The annual general meeting held today has approved issuance of "bonus
shares in the proportion of one equity share for every equity share of face value Rs 5 held by
such person on the record date," Kotak Mahindra Bank said. The bonus shares so issued and
alloted will rank in all respect with the existing fully paid equity shares of the bank.

Pref allotments, bonus and IPO: Sebi bans 239 players for misuse of SME trading
platform The Securities and Exchange Board of India (Sebi) has barred 239 individuals and entities from
accessing the securities market for misusing the small and medium enterprises(SME) trading
platform of exchanges to launder money and to evade taxes, according to reports.
A report says that SEBI had noticed huge rise in the traded volumes and prices of Eco Friendly
Food Processing Park,Esteem Bio Organic Food Processing,Channel Nine Entertainment and
HPC Biosciences.These companies were listed on the SME segment of BSE during January
2013 to March 2013, says report.During this period, the four companies raised funds through
series of preferential allotments.Consequent to the preferential allotments and bonus issues,the
share capital of these companies increased manifold.

Bank of India, Canara Bank down on ratings downgrade Bank of India and Canara Bank are trading on a feeble note on the back of ratings downgrade
by Moody's Investors Service. According to reports, the ratings agency has downgraded both
the banks by a notch down in terms of Baseline Credit Assessments (BCAs), an indication of
intrinsic or standalone financial strength of the company. Bank of India so far has touched a
low of Rs. 169, and is now down 0.6 percent at Rs. 171. Rs. 281.

RCom up on plans to sell stake in tower unit Reliance Communications (RCom) is trading with traction in morning trade after the company
said that it was in talks with certain companies for stake sale in its tower unit. According to a
release issued by the company to the BSE, RCom has stated that is in talks with American
Tower Company (ATC) and Carlyle to sell majority stake in its tower subsidiary Reliance
Infratel in this financial year. The stock so far has touched a high of Rs. 63.60, and is now up
2.5 percent at Rs. 63.30. The counter has seen trades of around 1.16 million shares as against
the two-week daily average volume of around 6.66 million shares on the BSE.

Bank of Maha up on tie-up with MUDRA Bank Bank of Maharashtra has advanced over a percent to touch a high of Rs. 35.85 on the back of
tie-up with MUDRA Bank. According to media reports, Bank of Maharashtra and MUDRA
Bank (Micro Units Development and Refinance Agency) have signed an agreement to finance

new entrepreneurs and small businesses. To government aims to facilitate credit up to Rs. 1
lakh crore under MUDRA scheme this fiscal year. The stock is now up 0.9 percent at Rs. 35.80.
The counter has seen trades of around 1,098-odd shares as against the two-week daily average
volume of around 27,000 shares on the BSE.

IndiGo, Infibeam, Teamlease eye over Rs. 3000 cr via IPOs IndiGo, Teamlease and Infibeam have lined up public offers to raise an estimated over Rs,
3,000 crore from investors, according to reports. A report says that the draft papers for IPOs
were being submitted to capital markets regulator Sebi today. InterGlobe Enterprises, which
runs the country's biggest airline by market share under 'IndiGo' brand, is planning to raise Rs.
2,000-2,500 crore through the IPO, Teamlease is also planning to raise Rs. 450-500 crore and
Infibeam about Rs. 400 crore via IPO, says report.

Nestle India surges on favourable HC verdict Nestle India has surged nearly 4 percent to hit a high of Rs. 6,300 on the back of favourable
Bombay High Court order. According to a release issued by the company to the BSE, the
Bombay High Court has allowed the company to continue the export of MAGGI noodles. The
Court has fixed 14 July, 2015, as the next date for hearing the matter. The stock is now up over
3 percent at Rs. 6,259. The counter has seen trades of around 24,000 shares as against the
two-week daily average volume of around 16,000 shares on the BSE.

Prakash Industries paid Rs. 14.85 crores to govt in coal block case Prakash Industries Ltd has announced that in addition to earlier payment of Rs. 234.22 crores
deposited by the Company in the month of December, 2014, it has further deposited an amount
of Rs. 14.85 crores on June 29, 2015, thereby making full and final payment of Rs. 249.07
crores with the Coal Controller, Ministry of Coal, towards the additional levy against its Chotia
Coal Block in terms of the order of the Hon'ble Supreme Court of India

RBI announces rate of interest on Floating Rate Bonds, 2017 The rate of interest on the Floating Rate Bonds, 2017 (FRB, 2017) applicable for the half-year
(July 2, 2015 to January 01, 2016) shall be 8.15 per cent per annum. It may be recalled that the
rate of interest on the FRB, 2017 was set at a mark-up (as decided in the auction held on July 1,
2002) over and above the variable base rate. The variable base rate for payment of interest shall
be the average rate (rounded off up to two decimal places) of the implicit yields at cut-off
prices of the last six auctions of Government of India 364-day Treasury Bills held up to the
commencement of the respective half yearly coupon period which works out to be 7.81 per
cent. The mark-up decided in the auction held on July 1, 2002 was (+) 0.34 per cent (plus 34
basis points). The coupon rate has thus been fixed at 8.15 per cent.

Petrol price cut by Rs. 0.31/L, diesel by Rs 0.71/L

Effective midnight, petrol price will be cut by Rs. 0.31/L and diesel prices will be cut by Rs
0.71/L. Prices of Petrol and Diesel were last revised w.e.f. 16th June'15. Since last price

change, there has been a decrease in international prices of both Petrol & Diesel. INR-USD
exchange rate has appreciated during this period. Combined impact of both these factors
warrants a downward revision in prices, the impact of which is being passed on to the
consumers with this price decrease. The movement of prices in international oil market and
INR-USD exchange rate shall continue to be monitored closely and developing trends of the
market will be reflected in future price changes. Indian Oil Corporation, in a press release said,
"Decrease in Retail Selling Price of Petrol by Rs. 0.31/litre at Delhi (including State levies)
with corresponding price revision in other States. With this change, the price of Petrol in Delhi
will become Rs. 66.62/litre." It added, "Decrease in Retail Selling Price of Diesel (Retail) by
Rs. 0.71/litre at Delhi (including State levies) with corresponding price revision in other States.
With this change, the price of Diesel in Delhi will become Rs. 50.22/litre."

Alibaba to acquire additional stake in Paytm Chinese e-commerce giant Alibaba is in discussion to increase its stake in India's one of the
rapidly growing online portal Paytm by 40%, showing its eagerness to become the major player
in the Indian retail market. Paytm is expected to be Alibaba's shoulder in e-commerce play in
India. Alibaba which has already acquired a 25 percent stake in Paytm through its subsidiary
Ant Financial, is now estimated to invest in around $ 600 million (Rs. 4,000 crore), to buy
another 20 percent additional stake in the firm owned by One97 Communications. With this
investment Alibaba, would become the biggest investor in Paytm making its valuation at $3.7
billion (Rs 23,600 crore) on a post money basis, leading to a 270 percent hike on the $1-billion
valuation in the previous funding round, which again would be marked as thriller essence of
India's e-commerce segment. Currently the Noida-based firm, has raised around $200 million
from Ant Financial. Though the initial deal was to invest around $575 million in two tranches,
and the latest round of funding is estimated to be the second tranche of the previous investment.
It is estimated that this latest deal would take Paytm into the major league of Online market
place co-existence with Flipkart, Snapdeal and Amazon India, giving them neck-to-neck
competition in Indian market. Alibaba wants to create a revolution in the Indian online market
by creating ecosystems of mobile devices, operating systems, electronic payment solution and
services such as entertainment and commerce on top of the ecosystem.

Indian Hotels delists GDRs from LSE Indian Hotels Company has announced that the Company had proposed to delist the 1,96,380
GDRs representing 0.02% of the present paid equity capital of the Company, outstanding as on
March 31, 2015. The Financial Conduct Authority, UK and the London Stock Exchange (LSE)
have confirmed that the said GDRs have been delisted from the Official List and are cancelled
from admission to trading on the LSE with effect from June 29, 2015, 8.00am London time.
Consequently, the Company has also issued a notice to Citibank N.A for termination of the
existing Depository Agreements of the GDRs.

JSW Energy up on massive fund raising plans JSW Energy is trading on a positive note on the back of future growth plans. According to
media reports, the company is planning to raise up to Rs. 12,500 crore as the company prepared
to expand its business through organic and inorganic ways. The stock so far in the day has
touched a high of Rs. 100, and is now up 1.5 percent at Rs. 99.70. The counter has seen trades

of around 24,000 shares as against the two-week daily average volume of around 183,000
shares on the BSE.

Godrej Properties gains on launching new project Godrej Properties is trading on a firm note in early morning deals on the BSE, on the back of
positive news flow. According to a release issued by the company to the BSE, Godrej
Properties today announced that it has added a new project off Kankapura Road, in South
Bengaluru to its development portfolio. The stock climbed to a high at Rs. 255, and is now up
over 2 percent at Rs. 252. The counter has seen trades of around 1,768 shares as against the
daily average volume of 14,000 shares.

Chambal Fert gains on selling textile business Chambal Fertilisers & Chemicals is trading on a firm note after the company has executed
business purchase agreement for sale of Birla Textile Mills to Sutlej Textiles & Industries on
slump sale basis. The company has informed the BSE that the aforesaid transaction is expected
to be completed by 30 September, 2015. The stock so far has hit a high at Rs. 59.60 and is now
up 2.3 percent at Rs. 58.95. Around 34,000 shares are traded on the BSE counter, as against
two-week daily average volume of 49,000 shares. Sutlej Textiles has rallied 8.8 percent to Rs.
502, with trades of around 19,000 shares on the BSE counter, when compared with two-week
daily average volume of 13,000 shares.

Blue Star Info spurts on winning new order Blue Star Infotech has soared 6.2 percent to a high at Rs. 196 on receiving contract worth Rs.
96 crore for providing IT related services. The company has won contract from one of its
existing customers who is amongst the world's leading commodity trading and logistics
companies to be executed over a 3 year term. The stock is now up 5.6 percent at Rs. 195. The
BSE counter has registered trades of around 5,194 shares, as against two-week daily average
volume of 7,222 shares.

Hinduja Global Solutions surges on acquiring stake in BPO Hinduja Global Solutions surged nearly 5 percent to a high of Rs. 510 in early morning deals
on the back of plans to acquire a significant stake in Mphasis BPO arm. According to a release
issued by the company to the BSE, the company has entered into definitive agreements with
Mphasis and its wholly-owned subsidiary MsourcE India for acquisition of significant portion
of their Business Process Outsourcing (BPO) business as a going concern on a slump sale basis
for consideration of Rs. 17 crore. The stock has pared some gains but is still up 1.7 percent at
Rs. 495. The counter has seen trades of around 2,560-odd shares as against the two-week daily
average volume of around 1,387 shares on the BSE

Tata Chemicals to evaluate growth and restructuring opportunitie With reference to the news item appearing in the media titled "Tatas Look to Exit Fertiliser
Business for a $1b Price Tag", Tata Chemicals Ltd has clarified that in the ordinary course of

our business, we routinely assess the performance of our businesses and the relevant market
conditions, including evaluating growth and restructuring opportunities. As such, we would like
to state that at present there are no developments that would trigger Clause 36 of the Listing
Agreement. In the event that there is any development that requires disclosure under clause 36
of the Listing Agreement, we will make the same in accordance with regulatory requirements."

Sebi clears Catholic Syrian Bank's Rs. 400 crore IPO Catholic Syrian Bank has received Sebi's approval to raise up to Rs. 400 crore through an initial
public offering (IPO), according to reports. The company had filed its draft red herring
prospectus (DRHP) with Sebi through its lead merchant banker, ICICI Securities. The proceeds
of the issue will go towards augmenting the bank's capital base to meet its future capital
requirements, says report. The issue is being managed by ICICI Securities and Kotak Mahindra
Capital Company.

Jaypee group receives approval to sell power projects The Himachal Pradesh Government has given the permission to permit the transfer of two
major hydro power projects operated by Jaypee group to another private company JSW Energy
Ltd, according to reports. A report says that the government has decided to allow the transfer of
Karcham Wangtoo (1000 MW) and Baspa II (300 MW) hydro projects after the two had signed
a pact in November 2014. The power deal was signed between the two companies for Rs.9,700
crore in November last year. JSW Energy would have 100 per cent stake in the two hydro
power projects with a combined capacity of around 1,391 MW, says report.

Hinduja Global Solutions climbs 1.7% on acquiring stake in BPO Hinduja Global Solutions added 1.7 percent at Rs. 495, while Mphasis ended on a flat note at
Rs. 411 after the acquiring deal. Hinduja Global Solutions entered into definitive agreements
with Mphasis and its wholly-owned subsidiary MsourcE India for acquisition of significant
portion of their Business Process Outsourcing (BPO) business as a going concern on a slump
sale basis for consideration of Rs. 17 crore. The company has hit a high Rs. 510.10 and a low
of Rs. 490. In Bse, the counter has seen trading volume of around 5772 shares against two
weeks average of 1387 shares.

Strides Arcolab rallies as RBI lifts curb Strides Arcolab has rallied over 2.5 percent to Rs. 1,171 on news that the RBI has lifted the
curb on fresh purchases by foreign investors at the counter. According to reports, the Central
Bank has lifted a ban on foreign institutional investors buying shares of Strides Arcolab after
FII holding in the company dropped below the threshold limit of 49 per cent. The stock is now
up 2 percent at Rs. 1,165. The counter has seen trades of around 24,000 shares as against the
two-week daily average volume of around 73,000 shares on the BSE.

 CCI approves Crompton Greaves deal CCI has cleared Advent and Temasek's Rs 2,000 crore deal to acquire stake in Crompton
Greaves Consumer Electricals, according to

reports. A report says that under the proposed combination, Advent and Temasek would snap
up 34.37% stake in Crompton Greaves Consumer Electricals from Avantha Holdings.
Singapore-based MacRitchie would be acquiring the stake along with Advent, says report
Earlier Competition Commission of India (CCI) had sought clarification on the provision of
five- year non-compete restrictions in the Share Purchase Agreement (SPA).

Arvind up on tie-up with Aeropostale Arvind has rallied 3 percent to hit a high of Rs. 275 on the back of tie-up with America's
Largest Specialty Youth Retailers. According to a release issued by the company to the BSE,
the company has tied-up with Aeropostale Inc., one of America's Largest Specialty Youth
Retailers with over 1,000 locations across the Globe - to launch in India in 2016. The stock is
now up 2 percent at Rs. 273. The counter has seen trades of around 184,000 shares as against
the two-week daily average volume of around 243,000 shares on the BSE.

Rajesh Exports Board approves acquisition in Europe Rajesh Exports Ltd has announced that the Board of Directors of the Company at its meeting
held July 02, 2015, have approved to make acquisition/s in Europe in the range of USD 250
Min to USD 500 Min. The acquisition has been approved to strengthen the backward
integration of the Company and to strengthen the domestic and global presence of the Company
in gold business. The Board of Directors have further authorized Rajesh Mehta, Chairman of
the Company to take all the necessary steps to complete the acquisition.

Nestle India gains 1.8% on FSA clean chit for Maggi Nestle India gained 1.8 percent at Rs. 6,250. The UKs food regulator Food Standards Agency
(FSA) gave a clean chit to Nestle for Maggi manufactured in India saying levels of lead in the
product are well within the EU permissible levels So far, the stock has jumped to a high of Rs,
6,375, and has seen trades of around 0.19 lakh shares as against the daily average volume of
0.19 shares.

Top Economy news

At a time when PPP projects in highways sector had taken a backseat, government's renewed
focus on it has revived developers interest with projects worth about Rs.135 bn either awarded
or in advanced stages of finalisation this fiscal so far.
The government is expected to take a decision on further raising import duty on steel within a
week, Minister of Heavy Industries and Public Enterprises Anant Geete said, in a bid to protect
local producers from surging imports from countries such as China and Russia.

The economic crisis in Greece may trigger capital outflows from India and the government is
consulting the RBI to deal with the situation, Finance Secretary Rajiv Mehrishi said.
Indian and Mauritian officials will hold talks starting June 30 on proposed amendments to their
bilateral tax treaty.
To control spiralling prices of pulses and other essential food items, the Centre will hold a
meeting of all state food ministers on July 7 to chalk out strategies to jointly tackle the crisis in
the backdrop of possible deficient rains this year.

Worried over continuous decline in exports, the Commerce Ministry is considering interest
subsidy benefits for textile sector including garments.
The government is considering imposing 10% import duty on wheat to curb shipments and
liquidate poor quality grains lying in FCI godowns.

In what could turn out to be a major boost for fresh investments in the City Gas Distribution
sector and allow companies to fix prices, the Supreme Court held that the downstream regulator
Petroleum and Natural Gas Regulatory Board has no power to fix or regulate network tariffs.
Based on sales data from six companies, sale of passenger vehicles is estimated to have grown
by 2.41% in June, against an industry growth of 15.83% and 4.67% in April and May,
respectively.
The government reduced marginally the import tariff value of gold to US$382 per 10g and of
silver to US$516 per kg considering weak global price trend in the wake of Greece crisis.
Growth in the country's manufacturing activities slowed down in June as compared to May as
new business orders were not as forthcoming, showed a widely tracked purchasing managers'

index .
Uttar Pradesh sugar mills have again hinted at suspending operations in the coming cane
crushing season, for the same reason, the high price of the latter as compared to the return from
sale of sugar.
The central government said it's currently examining the funds requirement of public sector
banks over the next 3 years and promised required capital support as part of a comprehensive
package to strengthen them.
Greece made last-minute overtures to its international creditors for financial aid, but it was not
enough to save the country from becoming the first developed economy to default on a loan
with the International Monetary Fund.

Government has allocated Rs. 2bn for three years to set up an online national agriculture
market by integrating 585 wholesale markets across India -- a move that would help farmers
realise better prices.
With an eye on improving farm productivity, the government will spend Rs500bn over the next
five years under the Pradhan Mantri Krishi Sinchai Yojana.
The government tried to allay concerns on paddy crop, saying there's no threat to it despite
IMD's projection of deficient rains in July and August.
The government and the central bank are in discussions over recapitalisation of state-owned
banks, Reserve Bank Governor Raghuram Rajan said.

Top corporate news

Arvind Lifestyle Brands Ltd, a subsidiary of denim and branded apparel major, Arvind Ltd,
has entered into a licence agreement with the US-based Aeropostale Inc, the speciality retailer
of casual and active apparel for young women and men.
HSIL, has entered into the home appliances segment in association with France-headquartered
Groupe Atlantic. HSIL will start selling water heaters manufactured by the French firm through
2,500-odd existing retail partners.
Bharti Airtel said it's ready to launch full mobile number portability from tomorrow, which
will allow customers to retain their numbers across the country.
The Gujarat State Fertilisers & Chemicals Ltd will invest Rs100bn for setting up four new
projects at Dahej near here, a top official said.

M P Birla Group firm Birla Corporation is looking to ramp up its cement production capacity
to 15 million tonnes in the next four years.
Larsen & Toubro has bagged orders worth Rs18.85bn for power transmission and distribution
projects in June.
Larsen & Toubro has bagged orders worth Rs 1,885 crore for power transmission and
distribution projects in June. The orders include a major engineering, procurement and
construction order from Odisha Power Transmission Corporation for setting up substations and
associated lines with complete facilities for the Phase II of Odisha Distribution System
Strengthening Project.
Jet Airways launched its new website jetairways.com, built around the theme 'designed to
delight.
Kotak Mahindra Bank cut its base rate by 0.10% to 9.75, joining its larger rivals which have
announced such downward revisions in the recent past.
The Gujarat State Fertilisers & Chemicals Ltd will invest Rs 10,000 crore for setting up
four new projects at Dahej.
Arvind Lifestyle Brands Ltd has entered into a licence agreement with Aeropostale, Inc., the
specialty retailer of casual and active apparel for young women and men.

TCS said it will hire 60,000 people this fiscal and impart training to its existing one lakh
employees in various digital technologies.
Adani Enterprises said it has suspended engineering work at USD 16.5-billion Carmichael
mine in Australia on account of delay in approvals.
Tata Group Chairman Cyrus Mistry has initiated a plan to hive off and sell the fertiliser
business, housed in Tata Chemicals, in his first major restructuring move after becoming
chairman in 2012.
Titan Company Limited, has effected major changes in its senior management team, which
will come into effect from July 1, 2015. The company's watches & accessories division and
eyewear divisions will have new heads.
Power producer JSW Energy is planning to raise up to Rs.125 bn through issuance of various
securities as it eyes organic and inorganic ways to expand business.
Cholamandalam Investment and Finance said it has joined hands with mobile app-based taxi
aggregator, Ola, to offer car loans to the latter's drivers with an option of daily repayment
scheme instead of a monthly payment.
Bharti Airtel has moved up a position in global rankings to become the third largest mobile
operator in the world, in terms of subscribers, the company said in a press release. It now has
303 million customers across 20 countries.

Mahindra and Mahindra has set up an Africa-focused business unit as it looks to maintain
double-digit growth levels in the continent, the company said.
LIC Housing Finance will auction an property belonging to property developer Orbit
Corporation for default of loans. LIC Housing Finance has kept a reserve price of Rs.1.25bn for
the 9,083 square metre or over 90,000 sq ft.property.

ITC's packaged food business has crossed the billion-dollar milestone with sales of Rs
6,411.27 crore, or about $1.01 billion, in the year ended March 2015.
JSW Steel sought shareholders' approval to raise up to Rs. 4,000 crore through qualified
institutional placement. The Proceeds of the issue will be used for capital expenditure and
refinancing high-cost debt, besides meeting unlikely shortfall in unforeseen circumstances
L&T has secured orders totally valued at Rs. 20.35 bn across various business segments this
month.
Leading media player Zee Entertainment Enterprises has said it is eyeing a five-fold growth
in viewership in the next five years.
JSW Group is considering new investments in the ports sector on the Eastern coast of the
country. The Group has already invested about Rs10bn on the West coast.
Godrej Groups Godrej Appliances forayed into the healthcare refrigeration space. The
company announced the launch of medical refrigerators under a technology licensing
agreement with the UK-based The Sure Chill Company.
Emami Ltd said it has launched Zandu Gel Balm Junior, a mild version of the pain reliever for
kids.
JSW Steel has sought shareholders' approval to raise Rs40bn through qualified institutional
placement.
Ashok Leyland said that it is committed to light commercial vehicle (LCV) business and will
work with its partner to improve the profitability. The LCV business, for which it had joined
with Nissan, is under pressure due to high loss that stood at Rs7.91bn in 2014-15.
The special economic zone unit of Jamnagar refinery of Reliance Industries Limited is
planning to shut down one crude distillation unit for routine maintenance and inspection
activities in the first half of July for about 10 days.

Pharma major Lupin is looking at strengthening its branded portfolio by creating alliances and
eyeing strategic brand acquisitions in US markets in 2015-16. The United States is Lupin's
largest market and contributed 45% of the company's revenues in 2014-15.
Realty firm Unitech Ltd has raised about Rs700mn from Piramal group to complete

construction of its joint venture housing project in Chennai. The company is developing about
49 acres project 'North Town' in Chennai in partnership with another realty firm Arihant. About
2,400 flats and villas are being developed.
Leading airline IndiGo is likely to soon approach market regulator Sebi with its IPO plan to
raise an estimated Rs. 25 bn.
Mahindra & Mahindra unveiled its new range of sub one-tonne truck 'Jeeto' in the Uttar
Pradesh market. UP clocks sales of nearly 13,000 units in the sub one-tonne truck category per
annum across different makes.
Reliance Groups Reliance Retail is looking to raise Rs2bn from the public through jewellery
purchase schemes via its jewellery format Reliance Jewels.
ISGEC Heavy Engineering Ltd, the Noida-based diversified engineering company, has
formed joint venture with the US-based Titan Metal Fabricators Inc, which designs and
fabricates highly corrosion-resistant process equipment for industries that have corrosion
problems. (ET)

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