Wednesday, 1 July 2015

Oil Prices Drop as Greece Defaults And Output Soars

 Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund and as both U.S. and OPEC production hit new records.

Oil Prices Drop as Greece Defaults And Output Soars
Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history.

Greece's default pushed up the dollar versus the euro, with the stronger greenback pressuring crude prices as it increases dollar-denominated oil import prices for countries using different currencies.

Front-month Brent crude futures were trading at $63.09 per barrel at 0116 GMT, down 50 cents from their last settlement. U.S. crude futures fell 65 cents at $58.82 per barrel.

Analysts said rising production from the Organization of Petroleum Exporting Countries (OPEC) as well as in the United States also weighing on prices.

"Iraqi crude production climbed to a record level this month, with OPEC crude oil output estimated to have reached 32.1 million barrels per day against a target of 30 million barrels per day," ANZ said in a morning note.

Overall OPEC supply rose to a three-year high of 31.60 million barrels per day (bpd) in June, up from 31.30 million bpd in May, according to a Reuters survey.

The group has raised output by more than 1.3 million bpd since it decided in November 2014 to defend market share rather than prices.

A final deal between world powers and Iran over Tehran's nuclear work could add to supplies. A June 30 deadline for a nuclear deal that could let Iran export more crude into an oversupplied market has been extended by a week to July 7.

In the United States, crude production rose 9,000 barrels a day to 9.701 million barrels a day in April, the highest since May 1971, the U.S. Energy Information Administration said in monthly data released Tuesday.

Crude inventories rose by 1.9 million barrels in the week to 468.9 million, compared with analyst expectations for a decrease of 2.000 million barrels.

However, demand was also up with refinery crude runs rising by 77,000 barrels per day, API data showed.

Asia Steadies, Euro Bears Greek Burden

Asia Steadies, Euro Bears Greek Burden

 Asian share markets were in a guarded mood on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action.


While an unwelcome milestone for Athens, it came as no surprise to investors after weeks of stop-start talks and the euro only faded a little to $1.1135.

"There is so much uncertainty, speculation, truth and partial truth that many markets are in stasis; waiting to see which way this goes," said Emma Lawson, senior currency strategist at National Australia Bank.

Calming after two days of wild swings, MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 per cent.

Japan's Nikkei firmed 0.2 percent, a second day of small gains as it stabilises after Monday's steep fall.

There was unexpectedly upbeat news from the Bank of Japan's latest survey of manufacturers which improved in the three months to June, supporting the bank's view that growth is gathering momentum.

On Wall Street, the Dow had edged up 0.1 per cent on Tuesday, while the S&P 500 gained 0.3 per cent and the Nasdaq 0.6 per cent.

There was little immediate reaction when the International Monetary Fund confirmed Greece had missed a payment on its debt, perhaps taking it a step closer to an exit from the euro.

The IMF said Greece had asked for a last-minute repayment extension earlier on Tuesday, which the Fund's board would consider "in due course."

European finance ministers will confer later on Wednesday over Greek Prime Minister Alexis Tsipras' request for a new two-year loan to pay debts that amount to nearly 30 billion euros.

Investors still cling to hopes that a deal will be done at some stage to keep Greece in the euro, keeping currency markets relatively range bound. The U.S. dollar index was up 0.07 percent at 95.550, having bounced from Tuesday's low of 94.847.

Against the yen, the dollar stood at 122.45, up from a five-week low of 121.93 plumbed overnight.

Investors were again warily eying markets in China where there were tentative signs that Beijing's efforts to stem the recent selloff were starting to work.

A combination of cuts in interest rates, allowing local government pension funds buy stocks for the first time and talk of behind-the-scenes "window guidance" to institutional investors, triggered a sharp rebound on Tuesday.

The CSI300 index rallied 6.7 percent, while the Shanghai Composite jumped 5.6 percent.

Yet volatility has been so high that few were confident that the market had truly found its footing.

In commodities, oil eased back a touch after bouncing strongly on Tuesday to end the quarter with hefty gains. Brent was quoted down 46 cents at $63.59 a barrel, while U.S. crude eased 49 cents to $59.47.

RIL, HDFC Bank, DRL in Barclays' Global Stock Picks

RIL, HDFC Bank, DRL in Barclays' Global Stock Picks

 Reliance Industries Ltd (RIL), HDFC Bank and Dr Reddy's Laboratories are the only three Indian firms to figure in Barclays' top 111 stock picks from across the world for 2015.

In its 'Global Top Picks' report, Barclays has said more than six years into the recovery, the key drivers of the market rally - low inflation, moderate growth and unprecedented monetary support - are set to have a reduced impetus.

"We are entering the next phase of the business cycle where valuations in equities and fixed income are relatively expensive and evidence is accumulating that the recovery is becoming self-sustaining, suggesting that monetary policy will be less supportive going forward," it said.

RIL was the only stock pick in energy segment in Asia, while HDFC Bank is featured with China Taiping and China Resources Land in the Financial Services sector. Dr Reddy's Laboratories also is the only stock pick in healthcare segment in Asia.

On RIL, it said it expects earnings to grow 47 per cent over 2015-18 even if oil prices remain low and volatile, helped by the completion of $16 billion in downstream projects that are all slated to come online over the next 6-15 months.

"We believe this provides one of the strongest growth outlooks among the global energy stocks Barclays covers," it said.

Higher output from select offshore India gas projects that raises upstream production and a credible path to profitability in its ambitious data-centric telecom project (launch expected in December 2015) should drive earnings growth thereafter.

On HDFC Bank, Barclays said the bank was ideally placed to benefit from a macro recovery, owing to its strong low-cost deposit (CASA) franchise, clean balance sheet and increased investment in the network.

"It remains a leader in key retail lending segments and is strong in transaction processing, giving it access to float (CA income).

"The recent pickup in network investments and its focus on digital transactions should help it maintain its leadership position in CASA and grow loans 3-6 per cent faster than the system," it said.

Dr Reddy's (DRL), Barclays said, was a strong play on niche therapeutic areas (injectables and oncology) driven by a robust Para-IV pipeline in the near term and a significantly differentiated R&D strategy for Proprietary products and Biosimilars.

"We forecast revenue and earnings CAGR of 15 per cent and 20 per cent, respectively, over FY15 to FY17 along with a 440 basis points increase in ROIC. DRL is the least expensive large-cap stock in our Asia ex-Japan Healthcare & Pharma coverage," it said.

Major restructuring! Cyrus Mistry wants to sell fertiliser business of Tata Chemicals

A report says that Tata Chemicals has asked Kotak Mahindra Bank to help find strategic buyers for the business.


In an attempt to improve the financials of  Tata Chemcials and remove units which have been a drag on the numbers, Tata Group Chairman Cyrus Mistry is planning to sell the fertiliser business for $1 bn, according to reports.
A report says that Tata Chemicals has asked Kotak Mahindra Bank to help find strategic buyers for the business.
Tata Chemicals spokesperson said the company would not like to comment on market speculation.
The current market cap of Tata Chemicals is Rs 10,722 crore.

PACEsetter! India, US create $7.9mn fund for off-grid energy solutions

The fund will provide grants to support development and testing of innovative products, says report.

DOLLAR
India and the US signed a memorandum of understanding (MoU) to establish the Rs. 50 crore ($7.9 million) PACEsetter Fund, according to reports.

A report says that the fund aims to accelerate commercialisation of innovation in off-grid clean energy solutions.

This is part of President Barack Obama and Prime Minister Narendra Modi's commitment to strengthening and expanding the US-India Partnership.

The fund will provide grants to support development and testing of innovative products, says report.

Rupee opens at 63.65/$

The local unit hit a low of 64.01 and a high of 63.95 against the US dollar.


The rupee today opened at 63.65 against the US dollar. The local unit hit a low of 64.01 and a high of 63.95 against the US dollar.

On Tuesday, the rupee ended at 63.64 against the US dollar. Market will react to the macro numbers which came in late last evening. Showing some improvement, the fiscal deficit in the first two months of current fiscal stood at Rs. 2.08 lakh crore or 37.5% of Budget Estimates (BE) for FY16 compared with 45.3% in the previous fiscal.

The combined Index of Eight Core Industries stands at 178.6 in May, 2015, which was 4.4 % higher compared to the index of May, 2014. Its cumulative growth during April to May, 2015-16 was 2.1 %. Other data to watch out for would be India’s manufacturing PMI, Eurozone PMI and US jobs data. Focus will also be on what the PM has to say while inaugurating the Digital India Week where leading lights of corporate India will be in attendance.

TCS will continue to invest in digital business, says Mistry

TCS also stated that it will hire 60,000 people this fiscal, says Cyrus Mistry. TCS has a higher attrition of 15.4 per cent among women employees, Mistry said


TCS1
Addressing shareholders at the 20 annual general meeting (AGM), its chairman, Cyrus Mistry said, “TCS has made significant investments in the digital five forces — mobility, social computing, big data, cloud and artificial intelligence and robotics.”
Tata Consultancy Services (TCS) will continue to invest more on digital technologies, says Cyrus Mistry added.
TCS also stated that it will hire 60,000 people this fiscal, says Cyrus Mistry. TCS has a higher attrition of 15.4 per cent among women employees, Mistry said 
Cyrus Mistry reportedly said all the industrial solutions units of TCS were working with customers in digital and helping them look at the future of their business in a completely new way. TCS, along with its partners, had developed a digital platform which helped improve the quality of life and safety of fishermen. 
N. Chandrasekaran, Managing Director and CEO, TCS stated the company was investing in training one lakh employees in terms of various digital technologies in 2015-16.
“We have invested in building the necessary consulting framework, solution frameworks, tools, technologies to help customers to rethink about their business in terms of these technologies and what it means to them,” he said adding.
In early June, TCS launched its artificial intelligence/neuroscience based platform in New York.

Coal scam: CBI documents to be scrutinised on July 13

The court had instructed the CBI and accused parties to complete the exchange of papers by 4 June so that the arguments could begin.


A special court  directed CBI to supply deficient copies of documents filed by it to the accused, including Congress leader and industrialist Naveen Jindal, along with the charge sheet filed in the Amarkonda Murgadangal coal block allocation scam case, says a report.
A report says that the documents will be scrutinized on 13 July.
The court had instructed the CBI and accused parties to complete the exchange of papers by 4 June so that the arguments could begin.
The investigating officer told  court that he had provided identical sets of the documents—each running into 10,398 pages—to all the accused.

Daily Market Strategy - Greecing the qualms! Sensex to start on subdued note

The outlook is a subdued start. Market will react to the macro numbers which came in late last evening. Showing some improvement, the fiscal deficit in the first two months of current fiscal stood at Rs. 2.08 lakh crore or 37.5% of Budget Estimates (BE) for FY16 compared with 45.3% in the previous fiscal.


Greece national flag

Greece and its creditors may have run out of luck and there is hard work for all to do to restore sentiment. The eurozone-funded portion of Greece's $272 billion rescue deal officially passed without no deal to extend the program. Greece is now in arrears after missing payment and any refinancing will be done only after arrears are cleared even as the country has sought ​a ​2​-year bailout program from European Stability Mechanism.
 
The outlook is a subdued start. Market will react to the macro numbers which came in late last evening. Showing some improvement, the fiscal deficit in the first two months of current fiscal stood at Rs. 2.08 lakh crore or 37.5% of Budget Estimates (BE) for FY16 compared with 45.3% in the previous fiscal. The combined Index of Eight Core Industries stands at 178.6 in May, 2015, which was 4.4 % higher compared to the index of May, 2014. Its cumulative growth during April to May, 2015-16 was 2.1 %. Other data to watch out for would be India’s manufacturing PMI, Eurozone PMI and US jobs data. Focus will also be on what the PM has to say while inaugurating the Digital India Week where leading lights of corporate India will be in attendance.
 
OMCs will be in focus today after Petrol price was cut by Rs. 0.31/L and diesel prices dropped by Rs 0.71/L. 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. Meanwhile, oil futures ended the first half of the year with ‘hefty’ gains as the deadline for a final agreement over Iran’s nuclear program extended by a week. Brent crude for August delivery LCOQ5,  rose $1.58, or 2.6%, to $63.59 a barrel on London’s ICE Futures exchange. Prices were close to 11% higher year to date, a report stated.
 
In its latest Global Economic Outlook (GEO) Fitch Ratings forecasts the global economy will grow by 2.4% in 2015, followed by 2.9% in 2016 and 2.8% in 2017, the new horizon added to the forecast. The pick-up in 2016 reflects a recovery from recession in Brazil and Russia, albeit a weak one; while the structural slowdown in China is weighing on global growth potential. Meanwhile we forecast growth in major advanced economies (MAEs) at 1.8% in 2015, 2% in 2016 and 1.8% in 2017.
 
Life Insurance Corporation, the country's biggest insurer, is under the government's scanner for alleged nexus between top company officials and brokers for making gains at the expense of the institution. In response to an application filed under the Right to Information Act, the finance ministry said that "the matter is being examined," a report in ET stated.
 
Meanwhile, as US. investors have been panicking over a potential Greek collapse, Puerto Rico’s governor Sunday announced that the small U.S. territory cannot pay its roughly $72 billion in debt, says a report.
 
Fitch Ratings has downgraded Greece's credit ratings deeper into junk territory, warning that a potential exit from the eurozone would likely be disorderly.
 
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.
 
The Maharashtra government has signed an MoU with Blackstone and Panchsil SPV for three projects worth Rs 4,500 crore and generation of some 50,000 jobs, Chief Minister Devendra Fadnavis tweeted.
 
 
LIC Housing Finance has put  Orbit Corporation's premium residential project in Andheri suburb of Mumbai on block to recover dues, according to reports.
 
Srei Infrastructure Finance Limited is proposing a public issue of secured, redeemable, non-convertible debentures ("NCDs") of face value of Rs 1,000 each amounting up to Rs 2,000 million ("Base Issue Size"), with an option to retain over-subscription upto Rs 10,000 million (The "Overall Issue Size")(Tranche 2 Issue) within the Residual Shelf Limit, i.e., up to Rs 11,738.569 million.
 
The Annual General Meeting of the shareholders of Federal Bank has approved the proposal of the Board of Directors to issue Bonus shares in the ratio of 1:1.
 
Nestle India surged 4.5 percent to Rs. 6,340 after the Bombay High Court ruled in favour of the company allowing it continue the export of MAGGI noodles. The Court has fixed 14 July, 2015, as the next date for hearing the matter.
 
Glenmark Pharmaceuticals was up over 2 percent at Rs. 993 on news report that the company has received US FDA nod for cholesterol tablet Ezetimibe.
 
Brigade Enterprises zoomed 10 percent to Rs. 149 after a subsidiary of the company acquired property admeasuring 15 acres 86 cents located at Perungudi on OMR, Chennai from Kansai Nerolac Paints for Rs. 550 crore.
 
Jubilant FoodWorks jumped 0.8 percent to Rs. 1,854 after the Allahabad High Court approved the scheme of arrangement between the company and JCPL Consultants & Management.
 
NHPC slipped to a low of Rs. 19.35 after the company announced that it’s the Chutak Power Station, in Kargil area at Jammu & Kashmir was completely shut down consequent to sudden increase in water level in Unit No. 3 & 4 on 28 June, 2015. The stock, however, ended 0.3 percent to Rs. 19.65.
 
Reliance Communications (RCom) surged to a high of Rs. 63.60 after the company in a clarification to the BSE confirmed that it is in talks with American Tower Company (ATC) and Carlyle to sell majority stake in its tower subsidiary Reliance Infratel this fiscal. The stock finally ended unchanged at Rs. 61.80.
 
Bank of India and Canara Bank declined 0.7 percent and 2.7 percent each to Rs. 171 and Rs. 277, respectively 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.
 
Voltas plunged 4.5 percent to Rs. 315 on foreign brokerage firm Nomura downgraded the stock to 'Reduce' from 'Buy' rating. The investment firm has also cut its price target to Rs. 265 for the stock.
 
Gammon Infrastructure Projects was locked at the 20% upper circuit at Rs. 12.82 after the company informed BSE, that Indira Container Terminal Private 
(‘ICTPL'), one of the joint venture SPV of the company, has accepted the Mumbai Port Trust (MbPT) proposal for alternative use of the Offshore Container Terminal for 
 
Roll-on/Roll-off operations, i.e. operations of providing facilities to the importers and exporters of automobiles and self-propelled equipment, for a period of one 
year from the date of operation with revenue share of 45 percent to ICTPL and 55 per cent to MbPT.
 
Bank of Maharashtra advanced 1.3 percent to Rs. 35.90 on announcing tie-up with MUDRA Bank 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.
 
Vascon Engineers rallied 6% to Rs. 18.80 after the company's board proposed issue of equity shares on rights basis for an amount not exceeding Rs. 100 crore in the ratio of 14 rights shares for every 19 equity shares held as per the Record Date of 24 June, 2015.
 
Suven Life Sciences jumped 3% to Rs. 233 after the company informed BSE that it has secured three product patents in Israel, Japan and South Africa corresponding to their New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases. 
 
Firstsource Solutions ended with a gain of a percent at Rs. 29.75. According to a release issued by the company to the BSE, the company US-based subsidiary, 
 
Marksans Pharma soared 7.7% to Rs. 63.25 after the company said it acquired 100 percent of the outstanding shares of Time-Cap Laboratories, a New York based firm.
 
Deep Industries zoomed over 13 percent to Rs. 87.50 after the company signed the contract with ONGC worth Rs. 278.19 crore. Deep Industries has signed the contract for hiring of Dehydration System for 5 production installations at their Rajahmundry Assets for a period of three years.

Global Data: Canada Day CAD, NBS Manufacturing PMI (Jun) CNY, Non-manufacturing PMI (Jun) CNY, Building Permits (MoM) (May) AUD, Building Permits (YoY) (May) AUD, Nomura/ JMMA Manufacturing Purchasing Manager Index (Jun) JPY, HSBC Manufacturing PMI (Jun) CNY, Vehicle Sales (YoY) (Jun) JPY, RBA Commodity Index SDR (YoY) (Jun) AUD, Markit Manufacturing PMI (Jun) EUR, SVME - Purchasing Managers' Index (Jun) CHF, Markit Manufacturing PMI (Jun) EUR, Markit Manufacturing PMI (Jun) EUR, Markit Manufacturing PMI (Jun) EUR, Public Deficit/GDP (Q1) EUR, Markit Manufacturing PMI (Jun) EUR, Markit Manufacturing PMI (Jun) EUR, Markit Manufacturing PMI (Jun) GBP, Financial Stability Report  GBP MBA Mortgage Applications (Jun 26) USD, Challenger Job Cuts (YoY) (Jun) USD, ADP Employment Change (Jun) USD, Markit Manufacturing PMI (Jun) USD, ISM Prices Paid (Jun) USD, ISM Manufacturing PMI (Jun) USD, Construction Spending (MoM) (May) USD, GDT Price Index NZD, EIA Crude Oil Stocks change (Jun 26) USD, Total Vehicle Sales (Jun) USD, Monetary Base (YoY) (Jun) JPY, Foreign bond investment (Jun 26) JPY, Foreign investment in Japan stocks (Jun 26) JPY
 
Trends in FII flows:  The FIIs were net sellers of Rs. 5.51 billion in the cash segment on Tuesday. The domestic institutional investors (DIIs) were net buyers of Rs. 5.80 billion as per the provisional figures released by the NSE.
 
Other news in the media:
 
The Competition Commission of India (CCI) has given its nod for the proposed merger of Pharma major Pfizer and Hospira, in which the latter has various manufacturing operations in India through its wholly owned subsidiary and in joint venture with Gujarat-based Cadila Healthcare
 
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 Rs125bn 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. 
 
Bharati 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.
 
Drug firm Suven Life Sciences said it has been granted a patent each by Israel, Japan and South Africa for a drug used to treat neuro-degenerative diseases.
 
Drug maker Marksans Pharma acquired US-based Time-Cap Laboratories for an undisclosed amount. 
 
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 Rs1.25bn for the 9,083 square metre or over 90,000 sq ft.property.
 
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. 
TEN MOST ACTIVE FUTURES
Symbol
No.of Cont Traded
Last price
Open Interest
% chg in Op.Int
RELIANCE
27,179
1,005.45
29,487,250
2.96
TECHM
23,042
474.20
13,927,500
9.94
SBIN
20,563
263.90
56,872,000
-0.72
ICICIBANK
20,385
309.60
37,821,000
5.32
AXISBANK
19,454
557.10
19,477,000
4.72
YESBANK
18,427
847.45
9,679,250
1.55
HDFCBANK
17,488
1,064.25
28,048,500
1.48
SUNPHARMA
15,891
877.90
14,310,750
-3.09
LUPIN
14,846
1,882.45
3,957,375
3.12
TATAMOTORS
13,517
434.25
28,347,000
0.24
TEN MOST ACTIVE OPTIONS
Option Type
Strike price
No.of Cont Traded
Open Interest
% Chg in Op.In
RELIANCE
CE
1,000
5,022
992,000
4.81
SBIN
CE
270
4,623
2,774,000
-4.61
SBIN
CE
280
4,073
3,307,000
31.70
RELIANCE
CE
1,020
2,572
492,000
16.59
LT
CE
1,800
2,533
171,875
1.25
ASHOKLEY
CE
75
2,086
3,740,000
55.32
LUPIN
CE
1,900
2,039
71,625
20.89
NTPC
CE
150
1,955
1,578,000
598.23
LUPIN
CE
1,850
1,921
45,000
-48.57
RELIANCE
CE
1,040
1,912
519,000
4.37
SUPPORT & RESISTANCE LEVEL
Company Name
S3
S2
S1
Close
R1
R2
R3
Sensex Index
27,620
27,659
27,700
27,781
27,861
27,903
27,942
Nifty Index
8,316
8,329
8,342
8,369
8,395
8,408
8,421
ABB Ltd
1,312
1,315
1,318
1,323
1,328
1,331
1,333
ACC
1,413
1,420
1,427
1,441
1,455
1,462
1,468
Ambuja Cements
226
227
228
230
231
232
233
Bajaj Holdings
1,427
1,434
1,441
1,456
1,471
1,478
1,485
BHEL
245
245
246
248
249
250
251
Bharti Airte
415
416
417
420
422
424
425
Cipla
609
610
612
616
620
622
624
Dabur India
276
277
278
280
282
283
284
GAIL India
385
387
388
392
396
398
399
Grasim Ind.
3,373
3,389
3,407
3,442
3,476
3,494
3,511
HCL Tech
908
911
915
921
928
931
934
HDFC Bank
1,052
1,056
1,060
1,067
1,075
1,079
1,083
Hero Honda
2,493
2,500
2,509
2,524
2,540
2,548
2,556
Hindalco
111
111
111
112
113
113
113
Hindustan Unilever
905
908
911
916
922
925
928
ICICI Bank
302
303
305
308
311
313
314
Infosys Tech
979
980
982
985
989
990
992
ITC Ltd
311
312
313
315
317
318
319
L&T
1,757
1,763
1,770
1,783
1,796
1,803
1,809
MTNL
16
16
16
16
16
16
16
M&M
1,265
1,269
1,273
1,281
1,289
1,294
1,298
Maruti Suzuki
3,977
3,988
4,000
4,023
4,045
4,057
4,068
Mahindra Satyam
465
468
472
478
485
488
491
National Alumin
39
40
40
40
40
40
41
ONGC
307
308
308
310
311
312
312
Oriental Bank
165
166
166
168
169
170
170
PNB
136
137
138
139
141
141
142
Ranbaxy Labs
857
861
866
874
883
887
891
Reliance Capital
358
359
360
362
364
366
367
Reliance Comm
61
61
61
62
63
63
64
Reliance Energy
379
382
384
388
393
395
397
Reliance Inds
990
993
995
1,000
1,006
1,008
1,011
R Power
44
44
45
45
45
46
46
Siemens India
1,325
1,331
1,338
1,351
1,363
1,370
1,376
SBI
259
260
261
263
265
266
267
TCS
2,524
2,531
2,538
2,552
2,566
2,574
2,581
Tata Motors
423
426
429
435
440
443
446
Tata Power
73
73
74
74
74
75
75
Tata Steel
297
299
301
305
308
310
312
Tata comm
429
432
436
443
450
454
458
Wipro
538
539
541
544
547
549
551
Wire And Wireless
35
35
35
35
35
35
35
Zee Entertainment
359
361
363
367
371
373
375