Monday, June 26, 2017

Trading Cues for 27th June

Global markets

Sgx Nifty indicates a negative opening

FII DII Activity
FII positive
DII negative
Headlines from leading news papers

Business Standard

Ø  Insolvency resolution: SBI ropes in A&M, EY and PwC

Ø  1,000 companies borrowed Rs 1 trillion less in FY17

Ø  RIL seeks shareholders nod to raise Rs 25K crore

Ø  FinMin for extending RBI deadline on Basel III norms

Ø  'Kerala govt investing Rs 50,000 cr on infra projects'

Ø  Housing rentals to decline by 10-20% in IT hubs: Report

Ø  'Banks may have to take 60% haircut on 12 NPAs'

Ø  Sebi cracks down on fake stock tips

Ø  US SC revives parts of Trump travel ban order

Ø  I-T Dept slaps Rs 24,500-cr tax notice on PACL

Ø  CAs, bankers in a rush to pass insolvency exam

Ø  MTNL to repay Rs 125-cr debt to PSU banks by June 30 deadline

Ø  HPCL joins talks to buy 49% stake in Russia's Vankor Cluster oil field


Ø  PM Modi invites US CEOs to invest in India

Ø  ONGC turns to GSPC’s undersea infra for KG gas output

Ø  Lupin founder and Chairman DB Gupta passes away

Ø  Italian bank deal lifts European shares; dollar on back foot

Ø  India probes dumping of Chinese polyester yarn

Ø  Raghuram Rajan was offered RBI dy governor’s post in 2004

Ø  Japanese cos invested $4.7 bn last year in India, says envoy

Ø  HDFC Life, Max prepare new structure for merger

Ø  GST rollout from 1 July, but confusion still persists among auto, FMCG firms

Ø  Snapdeal sale to Flipkart delayed due to complex due diligence process

Financial Chronicle

Ø  Cargo traffic at 12 major ports up 6 per cent to 114 million tonnes in April-May

Ø  SAIL seeks NITI Aayog help to resolve differences with ArcelorMittal

Ø  Job market eyes GST booster for over 1 lakh immediate openings

Ø  WB clears $250-million loan to train India’s job seekers

Ø  NSE co-location case: Sebi wants unlawful gains quantified

Ø  Over 60% of bank credit goes to west & south

Ø  Activist buys 1% stake in Nestle, asks it to sell holding in L’Oreal

Ø  Gold futures fall 1.24 pc on global cues

Ø  Govt. defers TDS, TCS under GST to ensure smooth rollout

Ø  EU likely to slap 2b euro fine on Google this week

Ø  Budget likely in Nov as govt may switch FY to Jan-Dec


In Ban: Bank of India, DLF, Fortis Health, GMR, HDIL, IBREL, IFCI, India Cements, Infibeam, JP Assoc, OBC, RCom, Ujjivan, Wockhardt

Strategies for today by Anil Sanghvi CNBC

27th June Strategy
Buy Nifty:
SL 9550 Tgt 9615-9650

Sell Nifty above 9650:
SL 9700 Tgt 9600

Buy Bank Nifty:
SL 23500 Tgt 23750

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