TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : - The market has kick-started in positive trend on Monday Nifty was up 46 points or 0.67
percent at 7468.75 The mixed trend seen In Europe and Asian markets. The Gain in the Indexes Followed
on Europe Market and US Market that surge approx 1 per cent on last Friday after European Central Bank
said to easing monetary policy in current fiscal,crude oil prices also rebounding. Investors also remained
disappoint over market volatility. "On Wednesday market opened strong following positive Global cues,
Nifty Open up 33.60 points or 0.4 percent at 7469.75. Asian equity markets followed their Wall Street
peers as investors cheered strong European data, and the OPEC Countries also called meeting. Hope to cut
the production of Crude oil. pause in the greenback's rally and higher oil prices. Going forward, if the Nifty
manages to sustain above the 7550 mark then we may witness a continuation of this move towards 76007750 levels. On the other hand, 7550-7480 are now seen as important Support levels, The major resistance
for Nifty is 7680 if the Nifty able to meet that point we could find the comfortable zone for Nifty to move
in the continues trend for Next week. The Resistance for next week is 7680-8010 and the Support for Next
week for Nifty50 is 7400-7350.

BANK NIFTY : - The Bank Nifty open in Positive trend on Monday trading session at 15667 up by 170
points or 0.8 per cent Above . The Bank Nifty is currently trading at 15470 up by 27.75 point or 0.06 per
cent. The The Bank of Japan adopted negative interest rates for the first time at the end of its two-day
policy

review on Friday. The Bank Nifty is seems Strong for Next week also. It can cross the level of

17000. The Strong Resistance for Bank Nifty is 15600-15800 And the Banking Nifty Strong support is
15460-15330 . If the Bank Nifty able to break the level of 16600 we may witnessed the 16000-16200 level
For Next week.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

R2

R1

PP

S1

S2

7680

7515

7350

7020

R2

R1

PP

S1

S2

8010

7680

7515

7350

7020

R2

R1

PP

S1

S2

9782

8322

7592

6862

5402

8010

WEEKLY

MONTHLY

BANK NIFTY
DAILY

R2

R1

PP

S1

S2

15822

15404

14986

14150

R2

R1

PP

S1

S2

17084

15992

15446

14900

13808

R2

R1

PP

S1

S2

22711

18091

15781

13471

8851

16658

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7548

7715

7850

8110

BANK NIFTY

15735

16420

16825

17560

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7250

7990

8280

BANK NIFTY

14880

17540

19150

PATTERN FORMATION ( NIFTY AND BANK NIFTY )

Depiction of Chart On the Above given weekly chart Applied the 200 days Moving average along with 50 days Exponential moving
Average. The Moving average lag the current price action because they are based on past prices longer the time period the greater the lag of
Moving Average. Thus a 200-day MA will have a much greater degree of lag than a Less-days MA because it contains prices for the past
200 days. With breaks above and below this moving average considered to be important trading signals.for Buying or Selling. MA also
impart important trading signals on their own, .While on the Above given Chart EMA is About to cross over the MA which is a early signal
for Bullish movement for Nifty . The global market also in Support for Bull movement, The privilege for Nifty50 to give gap-up opening in
next week. So we can expect that if the Nifty is crossing the level of 7600 it can make the high of 77650-7680 for
Next Week. Weekly Support of Nifty Is 7450-7500 And Resistance is 7600-7650.

BANK NIFTY MACD

Details of Chart On the Above given weekly chart of bank Nifty applied 200 days Moving Average along with 50 days Exponential
moving Average . And the both are the indicators on Bull movement for Bank Nifty. After long time the Bank Nifty has seen the Near
level of 16900. The market is now in good shape so we could expect the handsome return from the Bank Nifty for Next week. Hope from
Banking industry is Also good for next week, so we are assuming further movement of Bank Nifty The Crucial level for Banking Nifty is
15600-15800 if the Nifty able to meet that target we can Expect the Bank Nifty 16000 level near next week. we Still bullish on bank Nifty.
The major Resistance for Nifty Is 15800-16150 And the Support for Banking Nifty is 15400-15320.

NSE EQUITY DAILY LEVELS

COMPANY NAME

ACC
ALBK
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
INFY
BANK
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

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
EQ
EQ

R2

R1

PP

S1

S2

1277
55
197
881
419
2368
134
101
14
303
589
335
100
3214
377
3489
880
1209
1059
2649
72
828
242
329
957
1194
68
158
1131
1262
36328
4248
230
117
65
399
1053
491
52
189
72
904
349
61
262
137

1264
54
196
873
413
2345
129
100
139
295
584
328
98
3161
372
3441
872
1190
1053
2605
71
838
235
323
944
1180
66
156
1115
1246
35977
4171
227
114
63
391
1044
480
51
184
69
891
342
61
255
133

1240
52
194
866
403
2304
126
98
137
288
581
316
95
3066
367
3396
857
1167
1044
2523
70
809
227
319
922
1155
63
155
1092
1224
35638
4047
224
110
62
380
1031
466
50
181
68
865
333
60
251
127

1227
51
193
858
397
2281
121
96
136
280
576
309
93
3013
362
3348
849
1148
1038
2479
68
799
220
313
909
1141
61
153
1076
1208
35287
3970
221
108
60
372
1022
455
49
176
67
852
326
59
244
123

1203
50
191
851
387
2240
118
94
134
273
573
297
91
2918
357
3303
834
1125
1029
2397
67
780
212
309
887
1116
58
152
1053
1186
34948
3846
218
104
58
362
1009
441
48
173
66
826
317
58
240
117

TOP 15 ACHIEVERS

SR.NO

SCRIPT NAME

PREV
CLOSE

CMP

//

% CHANGE

TATA ELEXSI LTD

1734

2076

+19.72%

NIIT TECH.

473

552

+16.69%

FINOLEX IND.

272.90

317.45

+16.32%

HIND. ZINC

138.50

160.65

+15.99%

UNION BANK OF IN

114.50

130.50

+13.93%

TORRENT POWER LT 207.45

234.30

+12.92%

GUJRAT PIPAVAV

143.45

161.85

+12.83%

GRUH FINANCE

232.25

261.15

+12.83%

SUN PHARMA

277.45

311.70

+12.44%

10

APOLLO TYRES

132.35

147.60

+11.52%

11

UPL

392.10

436.90

+11.43%

12

INDIA CEMENT LTD 83.80

93.35

+11.40%

13

SKS MICROFINANCE 476.05

528.80

+11.08%

14

PIRAMAL ENTERPRI 895.65

994.60

+11.05%

15

RALLIS INDIA

165.95

+10.97%

149.55

SR.NO

TOP 15 LOOSERS

SCRIPT NAME

PREV CLOSE

ADITYA BIRLA
2065.70
NUVO
1.45+2.45+3.45+4.
N452+N
5.45 NJUST
N DIAL
N
802.15
I751I 751I 751I 751I 75
I326I 326I 326I 3236I 32 RCOM
73.30
T .T .T .T .T
67.11+
68.11+
69.
610.
6.11+
H114+
H11 HIDEA
H CELLULAR
H
116.60
9IT361
9IT361
9IT361
9IT36 LTD
IT361
E805
%
E805
%
E805
%
E805
%
E
N
N
N
N
670.90
5N80 JET AIRWAYS
C. . . D
C. . . D
C. . . D
C. . . D
C. .
D
H
H
H
H
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5
6
9
.
5
6
9
.
5
6
9
.
5
6
9
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5
6
T22+T22+T22+T226+T22 UNITED SPIRITS 2733
.O05
.O05
.O05
.O05
.O05
Z
39
1Z
39
1Z
39
1Z
39
1Z
3 LTD
IR74%
2IR74%
2IR74%
2IR747%
2IR74 ENGINEERS
211.05
N
N
N
N
N
R. . . R. . . R. . . R. . . R. . INDIA
C
C
C
C
C
E2
42
3+
9G
E2
42
3+
9G
E2
42
3+
9G
E2
42
3+
9E43
G
232.40
8G22 ADANI PORTS
N3
56
01
2N3
56
01
2N3
56
01
2N3
56
01
2N3
56
0
R
R
R
R
R
T212
%
T212
%
T212
%
T212
%
T
124.60
9 21 GATI LTD.
U. . . U. . . U. . . U. . . U. .
P1
P1
P1
21+
8A
2 8P1
2 8P1
2+
8A
2
A
841.00
H
H 1+A
H 1+A
H 110
H 1 UNITED
O3
54
51
3O3
54
51
3O3
54
51
3O3
54
51
3O3
54
5 BREWERIES
P
P
P
P
P
W
W
W
W
W
%
%
%
%
271
271
271
271
27 ALOK
5.48
E. . . O
E. . . O
E. . . O
E. .11
E. . INDUSTRIES
O
.O
F
F
F
F
F
R365R365R365R365R36
I89+L
I 89+L
I 89+L
I 8912
+L
I 89 BEML LTD
1115
L
I5
30
32
1I 5
30
32
1I 5
30
32
1I 5
30
32
1I 5
30
3
N
N
N
N
N
L %
L %
L %
L %
L
L
L
L
L
L
. . 1 . . 1N. . 1N. .13
1 . . BHARTI AIRTEL 310.15
N
T N
T T T N
T
D
83. D83. D
83. D83. D
83
O
A054O
A054O
A054O
A054O
A05
P
8
9
+
P
8
9
+
P
8
9
+
P
8
9
+
I I I I 14P
I 89 SYNDICATE BANK 72.10
0N991
0N991
0N991
0N99
N991
IA %
I %
IA %
I %
I
541A541
541A5415
1A54 TATA POWER CO. 64.35
T
C T
C T
C T
C T
C
R. . . R. . . R. . . R. . . R. .
Y
Y
Y
Y
Y
61
6+
0R
61
6+
0R
61
6+
0R
61
6+
0R
61
6
E1
E1
E1
E1
E1
R
A
A
A
A
A
C
C
C
C
C
52
01
5P
52
01
5P
52
01
5P
52
01
5P
52
0
P
R0
R0
R0
R0
R0
M
%
M
%
M
%
M
%
M
P
911
P
911
P
911
P
911
P
91
E
E
E
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E
E. . . E. . . E. . . E. . . E. .
A
A A
A A
IM
S021IM
S021IM
S021IM
S021IM
S02
L
L
L
L
L
N
0
0
9
N
0
0
9
N
0
0
9
E E E N
E009N
E00
F %F %F %F %F
N R
N R
N R
N R
N
R
E
E
E
E
E
A
T A
T A
T A
T A
T
1

CMP

% CHANGE

870.00
-57.88%
608.65
-24.12%
62.10
-15.28%
103.10
-11.58%
602.60
-10.18%
2488
-8.96%
193.05
-8.53%
212.70
-8.48 %
114.15
-8.31%
776.90
-7.62%
5.11
-6.75%
1041
-6.67%
289.70
-6.59%
67.55
60.35

-6.34%
-6.22%

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION)

NSE CASH
GATI : IT IS MOVE IN
MOVEMENT IN IT ABOVE

N N
P P
T
R
R
L T
L
O
O
E
E
T
J T
J
R
E R
E
BULLISH TREND DCPWEDCP
T T
123 TGT 140 SL 118.R R
I

N N
P P
T
R
R
L T
L
O
O
E
E
T
J T
J
R
E
E
D R
D
CAN
C
P C
P
T T
R R

N
P
T
R
L
O
E
T
J
R
E
D
EXPECT
C
P
T
R

FURTHER BULLISH SIDE

ADANIENT : WE CAN MADE LONG POSITION IN IT ABOVE 77 TGT 90 SL 72.

HCC : HCC MOVES IN BULLISH TREND ON DAILY CHART WE CAN EXPECT FUTHER UPSIDE
MOVEMENT IN IT ABOVE 22.60 TGT 25 SL 21.

SUZLON : WE CAN MADE LONG POSITION IN IT ABOVE 20 TGT 25 SL 18.

RENUKA SUGARS : IT MOVES IN BULLISH TREND TODAYS WE CAN EXPECT FURTHER

UPTREND IN IT ABOVE 13 TGT 18 SL 11.

J86- J86- J86- J86- J86

U002U002U002U002U00
S284S284S284S284S28
T. . . T. . . T. . . T. . . T. .
6-1I 11
6-1I 11
6-1I 11
6-1I 11
6
I11
50
51
2D1
50
51
2D1
50
51
2D1
50
51
2D1
50
5
D1
I631
%
I 631
%
I 631
%
I 631
%
I 63
E
E
E
E
E
A. . . A. . . A. . . A. . . A. .
L
U6
21
25
-L
U6
21
25
-L
U6
21
25
-L
U6
21
25
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U6
21
2
C
N0
70
48C
N0
70
48C
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70
48C
N0
70
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4
E
%
E
%
E
%
E
%
E
I38. I 38. I 38. I 38. I 38
L
L
L
L
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T389T389T389T389T38
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E22-6L
E22-6L
E22-6L
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A
A
A
A
A
U
U
U
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%
%
%
%
D318
D318
D318
D318
D31
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L
L
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S. . 4N
S. . 4N
S. . 4N
S. . 4A
S. .
N
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R4 8IP
R4 8IP
R4 8IP
R4
IP
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87- U8
7- U8
7- U8
7- U8
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I4
I4
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07
07N
P
07
07N
P
07
07N
P
07
07N
P
07
0
N
L %
L %
L %
L %
L
R
R
R
R
R
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16. IO
16. IO
16. IO
16. IO
16
IT. . 6T
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B0
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B0
19
12
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B0
19
12
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B0
19
1
S00%
T
S
S
S
S
D
E1 6D
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6D
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10%
6D
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10%
6D
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10
S
M
14. M14. M14. M14. M14
L
B516L
B516L
B516L
B516L
B51
L
L
L
L
L
T R
T T R
T T
R
7S76-7R
7S76-7R
S
7
6
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7
6
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76
D
D
D
D
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E276
E276
E276
E276
E27
L
%
L
%
L
%
L
%
L
Y
Y
Y
Y
Y
W
W
W
W
W
T
T
T
T
T
N
...N
...N
...N
...N
..
E153D
E153D
E153D
E153D
E15
D
IR054IR054IR054IR054IR05
I %
I %
I %
I %
I
C
C
C
C
C
E A
E A
E A
E A
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S T
S T
S T
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T
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B
A
N
K

B
A
N
K

B
A
N
K

B
A
N
K

B
A
N
K

NSE FUTURE
JUSTDIAL FUTURE : JUSTDIAL MOVES BEARISH TRENS TODAY.ALSO ON DAILY CHART
IT CONTINOUSLY MOVES IN BEARISH TREND WE CAN MADE SHORT POSITION IN IT
BELOW 550 TGT 500 SL 565.

KSCL FUTURE : WE CAN MADE LONG POSITION IN AT ABOVE 360 TGT 400 SL 340.

APOLLOHOSP FUTURE : APOLLOHOSP FUTURE MOVES IN BULLISH TREND WE CAN

EXPECT FURTHER BULLISH REND IN IT ABOVE 1498 TGT 1550 SL 1480.

BEML FUTURE : BEML FUTURE MOVES IN BEARISH TREND TODAY ON DAILY CHART IT
ALSO SUGGEST BEARISH TREND WE CAN MADE SHORT POSITION IN IT BELOW 1050 TGT
1000 SL 1070.

JETAIRWAYS FUTURE : IT IS MOVES IN BEARISH TREND TODAY ALSO ON DAILY CHART

IT IS MOVES IN BEARISH TREND

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

GST remains very high on the government's priority: Arun Jaitley - Finance Minister
Arun Jaitley reportedly said that one main reform which is still work in progress is ease
of doing business in India and steps are under way on that front. Jaitley said the political
opposition is unlikely to obstruct the reform process, including on the direct and indirect
tax reforms. Speaking at The Global Economic Outlook session, Jaitley said GST
remains very high on the governments priority, says report.
India's forex reserves fall by $1.7 billion - The countrys forex reserves were lower by
$1.7 billion to $347,208 billion in the week to January 15, according to RBI data. RBI
data says that the foreign currency assets slipped by $1.72 billion to $324.67 billion The
value of gold in the reserves remained unchanged at $17.24 billion during the week. The
countrys reserve position in the IMF further witnessed a drop of $0.7 million to $1.296
billion.
Govt may boost capital infusion plan for PSBs - The Finance Ministry is considering
injecting more capital into public sector banks than the previously announced INR
70,000 crore infusion to strengthen their balance sheets, reports a business daily. We are
assessing the capital requirement position of each bank depending on their bad loans and,
if need be, we may have to expand the capital infusion programme, a Finance Ministry
official has said. An announcement to this effect could be made next month by Finance
Minister Arun Jaitley in the Union Budget for 2016-17 if the Government decides to
expand the capital infusion programme, according to the paper. The plan is at a
preliminary stage and no decision has been taken so far, adds the paper.
India is in better position than rest of the world: Chanda Kochhar, ICICI Bank - As
the world dives into financial weakness, Chanda Kochhar, MD and CEO of ICICI Bank
shared her insight on the macroeconomic outlook. According to her, the rupee is
performing better than other global currencies. She sees a visible improvement in
inflation with interest rates going down and finds the overall macroeconomic picture
better when compared to the rest of the world.

India Utilities: What industry interactions suggest - 15 States have joined the SEB
debt restructuring proposal introduced by the Center in Nov 2015. Power demand has
been stable and is up 2.7% Y-o-Y in 9MFY16. Our industry interactions suggest that SEB
payments are not seeing further delays. 4,030MW has been awarded on solar in the last 6
months, while thermal addition plans are muted as M&A focus continues. We remain
positive on NTPC and Power Grid.
Indian economy has potential to grow at 8%: Montek Singh Ahluwalia - Indian
economy, which expanded at 7.7 per cent between 2003 and 2014 has the potential to
clock 8% growth in the near future, Planning Commissions former deputy Chairman
Montek Singh Ahluwalia reportedly said. Montek Singh Ahluwalia reportedly said that
for India to grow at 7.7-8%, implementation of reforms like Goods and Services Tax and
Bankruptcy law are necessary. I would say post-1991 reform, from 2003-14, India grew
at 7.7 per cent, Ahluwalia said. Indian economy grew at 7.3 per cent last fiscal.
We should be careful about calculating GDP growth: Rajan - RBI Governor
Raghuram Rajan raised doubts over the new methodology used to calculate the countrys
gross domestic product , according to reports. Rajan said that the policymakers should be
careful while arriving at the figure. There are problems with the way we count GDP
which is why we need to be careful sometimes just talking about growth, Rajan said
while addressing students of the Indira Gandhi Institute of Development Research. Rajan
reportedly said We have to be a little careful about how we count GDP because
sometimes we get growth because of people moving into different areas.
Bank of Japan adopts negative interest rate policy - The Bank of Japan adopted
negative interest rates for the first time at the end of its two-day policy review on Friday,
buckling under pressure to ease concerns about the health of the world's third-largest
economy. In a move that was signaled by the Nikkei business daily minutes ahead of the
decision, the BOJ said it will apply a rate of negative 0.1 percent to excess reserves that
financial institutional place at the bank and introduce a three-tier system on rates .
Long due IMF quota reforms come into effect - The quota reforms of the International
Monetary Fund are likely to be implemented soon which would be instrumental in
fortifying IMFs credibility, legitimacy and effectiveness, says a PTI report. The IMF
reforms which came into effect on Thursday, have been due since a long span of time and
were also approved by the US Congress last year. Emerging economies like India and
China would enjoy increased voting rights, with the implementation of the reforms, as per

the report. IMF had approved the reforms in 2010 however, the implementation had been
held back since the same were not cleared by the US Congress.
Budget for 2016-17 likely to have quite a pruned disinvestment target: ASSOCHAM
- With complete dimming of prospects of disinvestment target being met in the current
financial year and the markets expected to stay in subdued mood even in the next fiscal,
the government is likely to drastically scale down targets for realization of resources from
PSUs stake sale in the Budget for 2016-17, ASSOCHAM said today. It is given that
with just about a month to go for the Budget presentation and the window of opportunity
having been missed earlier in the year, there is no hope that the over-optimistic target of
Rs Rs 69,500 for the current financial year could be reached. Hopefully, the Finance
Ministry will desist from setting an un-realistic disinvestment yet again for the FY 201617, the ASSOCHAM Paper on Budget expectations pointed out.
Fitch: Weakness in emerging markets weighs on global ratings outlook - In its latest
global credit outlook report, Fitch Ratings says that rating outlooks are improving in most
sectors in developed markets, but worsening in emerging markets, where they have fallen
for the past five years and are now more negative than for their developed market
equivalents in core sectors. History shows a correlation between a strengthening US
dollar and weakening EM sovereign credit worthiness, as a falling US dollar income can
affect credit fundamentals.
RBI rate reduction does not impact sovereign rating: S&P - The Standard & Poor's
Ratings Services today said that RBI rate reduction does not affect the sovereign rating of
the country in any way. Further, the banking sector in India is relatively well regulated
compared with the peer banking system, it added. Details to follow soon.
Fed caution, an acid test of global confidence - Confidence in the global economy
received another dent on Wednesday night following the Federal Reserves cautious tone
towards the current global woes which rapidly erased any optimism that US rates could
be increased four times this year. The economic landscape has morphed dramatically
from the December meeting offering nothing but pain, and this has forced the previously
hawkish committee to take a few steps back and re-evaluate their stance. Although the
Fed decided to be mindful in the statement by reiterating a similar language to December
in an attempt to mitigate further turmoil in the financial markets, critical changes
highlighting slowing economic growth and low inflation levels have made the idea a US
rate increase in March difficult to imagine.

India and ADB sign $80 mn loan agreement to improve urban services in 2 cities The Asian Development Bank and the Government of India signed a $80million loan
agreement to continue improving infrastructure in two North Eastern State Capital cities.
The loan is the third tranche of a $200 million financing facility under the North Eastern
Region Capital cities Development Investment Program and will be used for investments
in water supply, solid waste management and sanitation in Agartala and Aizwal. It will
also support urban reforms, benefiting nearly a million people in the two cities. Previous
program tranches have provided assistance to five other cities in the Northeast Shillong
(Meghalaya), Aizawl , Kohima , Gangtok and Agartala .
Government to sell 10% stake in Engineers India; stock cracks 6% - Engineers India
ended lower 6% at Rs. 194.05 after the government announced that it would sell 10%
stake in Engineers India on Friday; this will fetch over Rs. 690 crore to the exchequer.
The scrip opened at Rs. 199.1 and touched a high and low of Rs. 199.2 and Rs. 193.5
respectively. A total of 1747173 shares were traded on the counter. The current market
cap of the company is Rs. 6920.75 crore.
The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 252 on 01Jan-2016 and a 52 week low of Rs. 157.9 on 25-Aug-2015. Last one week high and low
of the scrip stood at Rs. 216.3 and Rs. 202.55 respectively. The promoters holding in the
company stood at 69.37 % while Institutions and Non-Institutions held 20.06 % and
10.58 % respectively.
Budget 2016: Will it help in simplifying tax laws? - There is a tendency of many
people building up on their expectations whenever a new year comes knocking. Well, a
majority of these expectations are more or less tagged to financials and more often than
not, the expectations are not met due to financial constraints. Currently are lot of people
are looking up to the authorities to make their lives sustainable.
FDI quality improves substantially with PM Narendra Modi's Make in India push The quality of foreign direct investment coming into the country has improved
substantially, according to Reserve Bank of India data. Much of this FDI materialised in
the September 2014-November 2015 period after Prime Minister Narendra Modi
launched the Make in India campaign and bettered portfolio inflows during the preceding
15 months. Gross FDI inflows amounted to $62.6 billion, 31% higher than $47.6 billion
in the preceding 15 months.

TOP ECONOMY NEWS

The Indian Drug Manufacturers Association has asked the union health ministry to
reconsider its proposal to increase fees for product registration, inspection and clinical
trials.

Farmers who parted with their land for highway projects are to get enhanced
compensation under the new land acquisition law in case they are yet to be compensated
under the old legislation.

The Finance Ministry is considering infusing more than the announced Rs700bn in public
sector banks to help strengthen their balance sheets.

With over 900 kilogram of gold deposited under the gold monetisation scheme, the
government has further relaxed norms that would benefit both depositors and banks. The
modified guidelines allow premature redemption under medium and long term deposits,
allowing withdrawals after a period of three years and five years respectively. Earlier,
withdrawals could be made only after a period of five to seven years for medium term
deposits and 12 to 15 years for long term deposits.

The procurement price of LED bulbs has fallen further to Rs64.41 from Rs 73 per unit
under a government programme which could make he energy-efficient lighting more
affordable.
The Asian Development Bank approved a record $2.6 billion of new financing and
investments for the private sector in 2015, a 37% increase from a year earlier and 62%
higher than in 2013.
Moodys reportedly said Indias credit profile will be unaffected by a small slippage in
fiscal deficit target. Moodys Investors Service Associate MD Atsi Sheth stated that a rise
in corporate profits and bounce back in government revenues hold key to India meeting
3.5 per cent fiscal deficit target in 2016-17, says report.

After the anti-dumping duty on imports of cold-rolled flat products of stainless steel last
month, domestic stainless steel industry is seeking anti-circumvention duties on the same
product and has already approached the Ministry of Commerce with its plea.

Uday scheme, rolled out by Power Ministry to bail out financially stressed discoms, will
soon be modified to accommodate 12 states without their own distribution company.

The government has begun awarding road construction contracts following a

simplification of procedures in this regard and plans to award a total of 10,000 km of road
projects by the end of the current fiscal, Finance Minister Arun Jaitley said. He said 6,800
km of highway projects have already been awarded and by March this figure would go up
to 10,000 km.

Union Urban Development Minister M Venkaiah Naidu released a list of the first 20 of
the 98 cities shortlisted to be developed under for the Narendra Modi governments Smart
Cities Mission. These 20 cities will be the first cities to receive funds for development as
smart cities. In the next two years, 40 and 38 cities will, respectively, will be included to
the list.

Indian economy, which expanded at 7.7 per cent between 2003 and 2014 has the potential
to clock 8% growth in the near future, Planning Commissions former deputy Chairman
Montek Singh Ahluwalia reportedly said.

The government approved hybrid annuity model for building roads to fast-track highway
projects, revive the Public-Private-Partnership mode and attract more investments in the
sector. Under this model, the government will provide 40% of the project cost to the
developer to start work while the remaining investment has to be made by the developer.

Union Transport Minister, laid the foundation of Mahulia-Baharagora highway in the

copper-township of Moubhandar, about 40 km from Jamshedpur, under Ghatsila subdivision. The 72-km highway on NH 33 and NH 6 in East Singhbhum bordering West
Bengal will be developed at a cost of Rs9bn.

The Centre issued a fresh coastal regulation zone clearance to the ambitious 22-km
Mumbai Trans Harbour Link project worth Rs113.70bn.

Low crude prices have been of great help to a net oil-importer like India. Brent prices in
INR terms are down 70% from mid-2014 levels. The Indian crude basket, a weighted mix

of various benchmarks, is down by a similar margin.

Controller General of Accounts released the fiscal deficit data for April-December 201516, and it stands at 87.9% of FY16 target. The fiscal deficit stands at Rs 4.88 lakh crore
as against Rs 5.32 lakh cr YoY, and which is slightly higher than the April-November
data released last month which came in at Rs 4.83 lakh crore.

TOP CORPORATE NEWS Maruti Suzuki India maintained its leadership position in the domestic passenger
vehicle market in December, with six of its models featuring in the top 10 brands last
month.

ONGC has got environmental clearance for drilling 45 development wells and other
related infrastructure involving a cost of over Rs530bn in the Krishna-Godavari basin in
Andhra Pradesh.

Adani Gas-Indian Oil combine, GAIL Gas, Gujarat Gas and BPCL are among 18
companies that have bid for licence to retail CNG to automobiles in 20 cities like North
Goa and Bhatinda.

Inox Wind Ltd said its arm Inox Wind Infrastructure Services Ltd has acquired
Vinirrmaa Energy Generation Pvt Ltd for an undisclosed amount.

United Spirits has said that its shareholders have voted in favour of the company being
referred to BIFR because of the erosion of its net worth.

Tata Power Ltd announced that it has terminated the share purchase agreement with
Ideal Energy Projects Ltd for the acquisition of a 270-MW coal-based thermal power
project in Maharashtra. In December 2014, the two companies had reached an agreement
for a 100% stake in IEPL. The terms of the agreement required certain conditions to be
met, which could not be reached in the last one year, therefore, the agreement has been
terminated.

Finolex Industries Ltd

plans to invest Rs1bn in adding 1,00,000 tonnes of pipes

capacity over the next three years.

Cipla Ltd. announced completion of selling its entire holding in Hong Kong-based
Biomab Holding to Biomab Brilliant for USD2.5mn.

The central transmission utility PowerGrid Corporation of India indicated that its
annual capex for the fiscal 2016-17 will be higher compared to Rs 225bn for 2015-16.
This is largely due to the Centre's plan to pursue transmission projects worth Rs1trillion
to evacuate power from the upcoming coal and hydro and also from renewable projects.

The state-owned Power Grid Corporation of India said it would invest about Rs3.28bn
in ramping up two transmission projects.

Infosys said it has picked up a minority stake in data discovery software firm Waterline
Data Science USD4mn.

Punj Lloyd said its joint venture firm Limak has bagged orders worth Rs27.80bn from
TANAP Dogalgaz Iletim AS in Turkey.

Idea Cellular, India's third-largest telecom operator, launched fourth generation services
in Bangalore and is planning a rapid expansion across Karnataka in cities such as
Mangalore, Udupi-Manipal, Bijapur, Bellary and 18 more towns by the end of this
financial year.

After completing construction of its 15-million tonne crude oil refinery at Paradeep,
Indian Oil Corporation Ltd is now eyeing to fast track its petrochemical complex
coming up at the same location. IOCL is investing Rs340bn on the petrochemical
complex.

Aurobindo Pharma Limited announced it has received final approval from the US Food
and Drug Administration to manufacture and market Voriconazole tablets.

HCL Technologies Ltd announced acquisition of UK's Point to Point Ltd and Point to
Point Products Ltd for Rs780mn.

TOP BANKING AND FINANCIAL NEWS OF THE WEEK

Insurance sector is likely to attract FDI of over Rs 12,000 crore in 2016 as more than a
dozen foreign companies plan to raise their stake in private sector insurance joint venture
this year, industry body Assocham said on Monday.

Insurance sector is likely to attract FDI of over Rs 12,000 crore in 2016 as more than a
dozen foreign companies plan to raise their stake in private sector insurance joint venture
this year, industry body Assocham said on Monday.
Newest private sector lender IDFC Bank today posted a net profit of Rs 242.16 crore for
the December quarter, and said it will focus on expanding its priority sector lending book.
HDFC Bank today reported a 20.1 per cent rise in the October-December quarter net
profit at Rs 3,358.8 crore on higher core interest income as the second largest private
lender said it is untouched by the regulator's special review on big-ticket bad assets. The
core net interest income rose 24 per cent to Rs 7,068.5 crore in the October-December
quarter, helped by asset growth.
Axis Bank today said it has an exposure of eight per cent in eight large debt-ridden
corporate groups at the end of December 2015. "Our funded exposure to highly
leveraged groups has been stable at around 8 per cent at the end of the third quarter," the
bank said in a filing to BSE.
Yes Bank jumped 10.8% to Rs.747 after the bank recorded a rise of 25% in its net profit
at Rs. 675.7 crore for the quarter ended December 31, 2015 compared with Rs. 540.2
crore for the quarter ended December 31, 2014.

ICICI Bank ended 1.2% lower at Rs.230.10 after the bank reported lower than expected
earnings. The company posted a net profit of Rs. 31223.50 million for the quarter ended
December 31, 2015 as compared to Rs. 32653.20 million for the quarter ended December
31, 2014. Total Income has increased from Rs. 230538.20 million for the quarter ended
December 31, 2014 to Rs. 255851.40 million for the quarter ended December 31, 2015.

United Bank of India slipped 1% to Rs.19.20 after the bank plans to raise equity up to
an aggregate amount of Rs. 500 crore in the first tranche and not exceeding Rs. 1000
Crore in one or more tranches during any financial year by Qualified Institutions
Placement, Public Issue, Rights issue or such other issues as mentioned in the SEBI
circular dated November 30, 2015.

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