Equity Research Report 21 July 2015 Ways2Capital

INDORE, India - July 21, 2015 - PRLog -- TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8631/ 19159. According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 8546 will be small support for Nifty futures and 18908 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 8379 level and Bank Nifty futures can touch 18229 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 8697 for Nifty futures and 19407 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8793 and 19342 for Bank Nifty futures.

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ Indiabulls Housing allot 49,700 equity shares on warrant conversion - Indiabulls Housing Finance Ltd has announced that on July 13, 2015, the Company, has issued and allotted 49,700 (Forty Nine Thousand Seven Hundred) Equity shares of face value Rs. 2/- each, upon conversion oF warrants.Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 71,14,16,828/- divided into 35,57,08,414 Equity Shares of face value Rs. 2/- each.

✍ Unichem Laboratories gains 1% after Q1 earnings - Unichem Laboratories was up nearly a percent at Rs. 223 on the back of three-fold jump in Q1 net at Rs. 28.78 crore as against Rs. 9.82 crore in Q4FY15. Total income also rose by 20.7 percent to Rs. 309 crore from Rs. 256 crore for the above mentioned period. The stock touched an intra-day high of Rs. 232.

✍ Gail India surges 3.5% on inviting bids for LNG delivery - Gail India advanced 3.5 percent to Rs. 373.35 amid media reports that the company has launched a tender to buy to Liquefied Natural Gas (LNG) cargoes for prompt delivery, linked to demand for gas by various local fertiliser companies.The company traded up by 12.80 points from its previous closing of Rs. 360.55. It has hit a high of Rs. 375 and low of Rs. 362.In Bse, its total traded quantity was around 0.83 lakh shares against two weeks averag quantity of 0.54 lakh shares.

✍ IndusInd Bank surges 3.2% on Q1 results- IndusInd Bank also rallied over 3.2 percent to Rs. 923.90.The bank reported 24.7 percent growth in Q1FY16 net at Rs. 525 crore when compared with Rs. 421 crore in the corresponding quarter a year ago.Total income grew by 20 percent to Rs. 3,448 crore from Rs. 2,874 crore.The company has hit a high of Rs. 928 and low of Rs. 895.25.

✍ BPCL surges 3.2% on plans to expand Bina Oil Refinery - Bharat Petroleum Corporation (BPCL) surged over 3.02% at Rs. 907.85.The company is planning to expand its Bina oil refinery in MadhyaPradesh by 30 percent to 156,000 barrels per day at a cost of about $ 472 million.The stock has hit a high of Rs. 913.85 and low of Rs. 880.10.In Bse, the counter has registered trade of around 1.19 lakh shares against two weeks average quantity of 1.72 lakh shares

✍ Govt to pay Rs. 12/litre kerosene subsidy - The government has capped subsidy it will pay on kerosene at Rs. 12 per litre, according to reports. A report says that Finance Ministry will pay Rs. 12 per litre in cash to state-owned fuel retailers.Currently, oil companies sell kerosene at a loss of about Rs. 18 per litre. For LPG, government has decided to fully bear difference between the cost and the retail selling price.

✍ Clariant Chemical approves buy back shares - Axis Capital Ltd has submitted to BSE a copy of public announcement to the Equity Shareholders / beneficial owners of Equity Shares of Clariant Chemicals (India) Ltd for buy back of Equity Shares through Tender Offer.This PA is being made pursuant to the provisions of Regulation 8(1) of the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended (the “Buy Back Regulations”) and contains the disclosures as specified in Part A of Schedule II to the Buy Back Regulations.Offer for buy back of upto 35,78,947 fully paid up Equity Shares of face value of Rs. 10 each at a price of Rs. 950 per fully paid up equity share on a proportionate basis through the Tender Offer Process.At 2:32 PM, the stock trading flat at Rs. 868.25. The stock has hit a high of Rs. 872.40 and a low of Rs. 865 on BSE today.Total traded quantity on the counter stood at over 5,707 odd-shares  on BSE.

✍ Gujarat Pipavav completes restoration of Pipavav Railway Corporation - Gujarat Pipavav Port Ltd has announced that the restoration of Pipavav Railway Corporation Limited (PRCL) rail line connecting Pipavav port was completed, the test runs were successfully carried out and Indian Railways declared the rail line open for operations from the night of July 11, 2015. The rail operators have also declared restoration of normal services to and from Pipavav Port.

✍ BPCL gains on plans to expand Bina Oil Refinery - Bharat Petroleum Corporation (BPCL) is trading on a positive note amid media reports that the company is planning to expand its Bina oil refinery in Madhya Pradesh by 30 percent to 156,000 barrels per day at a cost of about $ 472 million.The stock is now up over 2 percent at Rs. 900, with trades of around 42,000 shares, as against two-week daily average volume of 172,000 shares.

✍ ONGC Videsh not to exit Vietnam block - ONGC Videsh Ltd is not exiting a Vietnam oil block in the contested waters of the South China Sea, according to reports.A report says that the company also planning to seek a third extension of exploration licence for Block 128 to maintain India's strategic interest in the South China Sea.

✍ Theblock lies in the part of South China Sea - OVL stated that if it was to exit the block, it would have to pay $15-20 mn penalty for not drilling a committed exploration well, says report.

✍ Tata Steel UK workers expected to sign a new deal - Tata Steel UK's workers are expected to sign a new deal to end a pensions row, according to reports.A report added that the ballot of union members closes on Wednesday and is expected to deliver resounding support for the deal.The four unions -- Community, Unite, GMB and Ucatt -- called off a strike last month after the Indian steel giant agreed to retain a final-salary pension scheme.The unions have recommended that staff accept the deal.


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