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Tuesday, 30 May 2017

30 May 2017 - Views & News

MARKET INSIGHT

Markets are likely to open weak. Nifty to extend beyond the short-term target of 9655 and head towards the medium-term target of 9850. On the flip side, 9530-9500 is a key support area to watch out for.

Nifty Spot Levels

Support 9547 – 9500 – 9400
Resistance  9638 – 9700 - 9780

GLOBAL MARKET

US markets were closed yesterday.
Asian Market: Japan markets trading weak.

MARKET UPDATE

Sgx Nifty -22 pts ‎US Mkt Clsd , Bovespa -324 pts , Ftse Clsd , Dax +26 pts , Cac -4 pts , Nikkei -77 pts now , Crude @ $49.96 brl (+0.16), Brent @ $52.58 brl (-1.23) , Gold @ 1266.87 (+0.11), Silver @ $17.397 (+0.07), Euro @ $1.1129, JPY @ $111.1800, INR @ $64.519

Today's Corporate Action 30th May  Ex Date

DISHMAN Amalgamation 

Today's Key Result 30th May

Hindalco( 491 cr +38% Yoy Res During Mkt) M&M (651 cr +12% Yoy Res During Mkt) Alok Inds,Amtek Auto,Andrew Yule,Asian Granito,Aurion Pro,Axiscade,Beml,Berger Paints,Bgr Energy,Bombay Burmah, Chemfab Alkali,Db Realty,Delta Corp, Finolex Cable,Gitanjali Gems,GMR Infra,Hcl Info,Heg,Hercules Hoist,Jbf Inds,Jyoti Structure,Lokesh Machine,Mtnl,Mawana Sugar,Mercator,Moil,Monnet Ispat,Nahar Spin,Natco Pharma,NHPC,Nitin Fire., Oricon Ent,Ponni Sug,Ramco Cement,Rec Ltd,Simplex Infra,ARC,SAIL,Tata Global,Thermax,Ttk Prestige,Ttk Health, Ucal Fuel,Unichem Lab,Vakrangee,Wabco Ind,Zf Steering

TOP NEWS

Agri Sector: Acreages under kharif planting is gaining pace with early trends indicating to a increase in sowing of cotton, pulses and oilseeds. As per the Agriculture Ministry data, till May 26, kharif planting increased by 11% YoY to  69.16 lakh hectares on account of timely onset of the South-West monsoon…. Positives for Dhanuka Agritech, PI Industries, Insecticides India, kaveri seeds among others.

Infra: Strong operating performance by Sadbhav Engg and Gayatri Projects confirms our positive stance on mid-sized construction & engineering companies (see results in detail in the Investment Call section)

ADAG group stocks continue to tunble on news of loan default – Negative sentiments to prevail in Rel Comm, Rel Power, Rel Infra, Rel Capital

L&T wins orders worth Rs5146crore across business segments of Power T&D (Rs2780crore), Water effluent treatment (Rs1292crore), Communication business (Rs221crore), Building & Factories (Rs534crore) and Metallurgical and Materials (Rs319 crore); positive…..(9:20am)  
  
MORE NEWS 

RCom seeks government's help for telecom sector
India loses global market share in 61 export items
Order book of 50 road cos may touch Rs 1L cr: Crisil
Oil India reports 96 per cent drop in the fourth-quarter profit
Crude oil upside capped at $55 as Opec disappoints
Labour reforms will create quality jobs: Bandaru Dattatreya
L&T Q4 net profit up 29.5% , announces 1:2 bonus
World Bank cuts India's growth estimates in FY18 to 7.2%
Sebi cracks the whip on p-notes
Mukesh Ambani invests Rs 12K cr in gas pipeline firm RGTIL
IDBI Bank mulls action under bankruptcy code in 10 cases
Pharma funds worst sectoral performers in a year
Solar panel equipment to attract 5% GST: Adhia
Tata Power Solar revenue doubles to Rs. 2,262 cr
Cess to yield Rs. 55,000 cr in first 9 months of GST rollout
Pradhan to take up input tax credit issue with Finance Minister 
PowerGrid net up 22% at Rs. 1,916 cr in Q4
Escorts posts 3-fold rise in net profit
Sun Pharma shares plunge nearly 12% on bleak FY18 forecast
Reliance Industries eyes 10% market share in fuel retail
GST likely to cool retail inflation by up to 50 bps: economists
ONGC looking to aggressively expand acreage under exploration
Fitch downgrades IDBI Bank, keeps outlook stable
Cement demand growth to recover to 4-5% in FY18: ICRA
New coal policy to benefit private independent power plants: ICRA
GST will help in evolving India as tax-compliant society: Arun Jaitley
Tech Mahindra sounds warning, says Trump’s visa policies will damage the IT sector
Sebi to narrow P-note route, proposes $1,000 fee on each investor
Merkel Signals New Era for Europe as Trump Smashes Consensus
Margins improve for gold loan companies
Pricing freedom for ONGC small fields in the pipeline
Govt should overrule protests on AI privatisati

STOCK IN NEWS

1. India Power Corp to lift generation capacity
2. Road EPC companies set for 15% topline growth in FY18: Crisil
3. Mukesh Ambani invests Rs 12,725 cr in gas pipeline firm RGTIL
4. GST: Tata Steel can sell Kalinganagar products beyond Odisha
5. Hiranandani mulls JV worth Rs 3,000 crore
6. RCom shares, bond continue to tumble amid debt concerns
7. Dabhol impairment pulls NTPC's profit down 25%
8. KVB to raise Rs 760 cr via rights issue, price fixed at Rs 76 a share
9. Indian oilseeds fall to multi-year lows on supply

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