Petronet LNG gains 2% on LNG deal with Qatar

Petronet LNG has signed a binding sale and purchase agreement (SPA) with RasGas of Qatar for supply of an additional 1 MTA of LNG to India starting in 2016 for onward sale to four Indian entities, ie, Indian Oil Corporation, Bharat Petroleum Corporation, Gail (India) and Gujarat State Petroleum Corporation.

Shares of Petronet LNG are trading up 1.88% at Rs. 260.90 on signing a binding sale and purchase agreement (SPA) with RasGas of Qatar for supply of an additional 1 MTA of LNG to India starting in 2016 for onward sale to four Indian entities, ie, Indian Oil Corporation, Bharat Petroleum Corporation, Gail (India) and Gujarat State Petroleum Corporation.

Petronet LNG Ltd is currently trading at Rs. 259, up by Rs. 4.15 or 1.63% from its previous closing of Rs. 254.85 on the BSE.

The scrip opened at Rs. 257.7 and has touched a high and low of Rs. 262 and Rs. 256.5 respectively. So far 1148644(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 19113.75 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 257.4 on 31-Dec-2015 and a 52 week low of Rs. 159.8 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 257.4 and Rs. 238.6 respectively.

The promoters holding in the company stood at 50 % while Institutions and Non-Institutions held 27.54 % and 22.46 % respectively.

The stock is currently trading below its 50 DMA.

Ricoh India to digitize 130,000 rural Post offices

The Rural ICT Project is a part of the larger IT modernization project being undertaken by the Department of Posts.

During the celebration of Good Governance Week, Minister of Communication and IT, Ravi Shankar Prasad kicked off “Rural Information and Communication Technology” Project on 28th December by handing over the first lot of “Solar Powered”, Bio Metric Enabled Hand Held Devices to Branch Post Masters of 3 pilot states.

Ricoh India a leader in the field of Imaging and IT Solutions, is partnering with Department of Post for Implementing and Operating integrated Rural Hardware solution for around 1,30,000 post offices across India. Ricoh solution not only includes hand held devices with camera and bio metric facility but also includes set of solar panels at EDO level and network connectivity.

In order to ensure smooth functioning of the devices, Ricoh will also set up services centres across India.

As shared by the senior officials during the launch of the project, these mobile terminals will facilitate all postal and financial transactions in the rural branch offices, and upload this data to India Post data centre. This service will not only improve the delivery of services in the rural areas but will also be an important tool to improve the quality of service, provide more value added services and achieve “financial inclusion” of the un-banked rural population.

The Rural ICT Project is a part of the larger IT modernization project being undertaken by the Department of Posts.

Under the project Ricoh India will supply, install and maintain services of hardware, peripheral devices and operating system for “Rural Information & Communication Technology (ICT) – Hardware (RH)”  Solution.

Manoj Kumar, Executive Vice President and CEO, Ricoh India said, “Being a company committed to excellence and innovation, Ricoh India is proud to be associated with this ambitious project launched by Department of Posts. India`s postal services is one of the largest networks in the world and with Ricoh established network of services and support infrastructure across India, we are confident of delivering the best value to Department of Posts and ensuring seamless integration of our products and services in this project by Ministry of IT and Communications. We are positive that through our product offerings and services we will be able to increase efficiencies, enhance service offerings and fulfill the objectives of Department of Posts”

This project will first will be launched at three pilot circles in Uttar Pradesh, Bihar and Rajasthan. By March 2017, 1.30 lakh hand-held devices will be made available across rural branch offices. This instrument will revolutionise lives of people across villages. Booking and delivery of Speed Post, registered mail, money orders, sale of stamps and postal stationary will be done through these devices and paper receipts will be generated instantly. The scope of work includes supply of mobile computing devices and peripherals, installation of solar UPS, connectivity to access the application by service providers along with maintenance for five years. 

BHEL gains 2%; Atul Sobti takes charge as Managing Director

Atul Sobti takes charge as Managing Director of Bharat Heavy Electricals Ltd

Shares of Bharat Heavy Electricals Ltd (BHEL) are trading up 1.51% at Rs. 171.80 on Atul Sobti taking charge as Managing Director. 

Bharat Heavy Electricals Ltd is currently trading at Rs. 171.75, up by Rs. 2.5 or 1.48% from its previous closing of Rs. 169.25 on the BSE.

The scrip opened at Rs. 169 and has touched a high and low of Rs. 172.25 and Rs. 168.4 respectively. So far 1018096(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 41425.63 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 299.5 on 04-Feb-2015 and a 52 week low of Rs. 164.1 on 08-Dec-2015. Last one week high and low of the scrip stood at Rs. 174.3 and Rs. 166.45 respectively.

The promoters holding in the company stood at 63.06 % while Institutions and Non-Institutions held 33.21 % and 3.73 % respectively.

The stock is currently trading above its 200 DMA.

RBI announces rate of interest on Floating Rate Bonds, 2017

It may be recalled that the rate of interest on the FRB, 2017 was set at a mark-up (as decided in the auction held on July 1, 2002) over and above the variable base rate.

The rate of interest on the Floating Rate Bonds, 2017 (FRB, 2017) applicable for the half-year (January 02, 2016 to July 01, 2016) shall be 7.54 per cent per annum.

It may be recalled that the rate of interest on the FRB, 2017 was set at a mark-up (as decided in the auction held on July 1, 2002) over and above the variable base rate.

The variable base rate for payment of interest shall be the average rate (rounded off up to two decimal places) of the implicit yields at cut-off prices of the last six auctions of Government of India 364-day Treasury Bills held up to the commencement of the respective half yearly coupon period which works out to be 7.20 per cent. The mark-up decided in the auction held on July 1, 2002 was (+) 0.34 per cent (plus 34 basis points). The coupon rate has thus been fixed at 7.54 per cent.

Aviation stocks rally as jet fuel prices cut

Oil marketing companies reduced aviation turbine fuel by 10%. ATF price in Delhi stands at Rs 39,892.32 per kilolitre, Kolkata at Rs 46,368.94, Mumbai at Rs 39,009.02 and Chennai at Rs 42,418.64 per kilolitre.

Shares of aviation companies zoomed after oil marketing companies reduced aviation turbine fuel (ATF) by 10%. ATF price in Delhi stands at Rs 39,892.32 per kilolitre, Kolkata at Rs 46,368.94, Mumbai at Rs 39,009.02 and Chennai at Rs 42,418.64 per kilolitre.

SpiceJet jumped 5.5% to Rs.79.40. The scrip opened at Rs. 75.85 and has touched a high and low of Rs. 79.8 and Rs. 75.85 respectively. So far 11876417(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4510.86 crore. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.65 on 31-Dec-2015 and a 52 week low of Rs. 15.75 on 06-Jan-2015. Last one week high and low of the scrip stood at Rs. 75.65 and Rs. 69.75 respectively.

Jet Airways soared 5% to Rs. 738. NSE will include Jet Airways in the future and option segment from today. The scrip opened at Rs. 712 and has touched a high and low of Rs. 742.5 and Rs. 712 respectively. So far 5096738(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7979.83 crore. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 708.8 on 31-Dec-2015 and a 52 week low of Rs. 248.5 on 16-Jun-2015. Last one week high and low of the scrip stood at Rs. 708.8 and Rs. 602 respectively.

InterGlobe Aviation rallied 4.2% to Rs. 1,286. The scrip opened at Rs. 1234 and has touched a high and low of Rs. 1299 and Rs. 1234 respectively. So far 996996(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 44468 crore.

Gammon India rallies 9.8%

Lenders led by ICICI Bank are now looking at investment in Gammon arms, as per media reports. The company experienced a spurt in volume by more than 1.51 times.

Gammon India rallied 9.8% to Rs.19.50 on BSE.  Lenders led by ICICI Bank are now looking at investment in Gammon arms, as per media reports.

Bankers have ​reportedly ​already sold 74% in one subsidiary and are close to selling 74% in another subsidiary to a consortium of non-resident Indians. The company experienced a spurt in volume by more than 1.51 times.

The scrip opened at Rs. 19.3 and has touched a high and low of Rs. 20.5 and Rs. 18.5 respectively. So far 1328376(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 242.29 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 30 on 05-Jan-2015 and a 52 week low of Rs. 10.75 on 10-Sep-2015. Last one week high and low of the scrip stood at Rs. 18.7 and Rs. 17.25 respectively.

The promoters holding in the company stood at 34.99 % while Institutions and Non-Institutions held 14.34 % and 50.68 % respectively.

The stock is currently trading below its 200 DMA.

HDFC profit on sale of investments down by 50%

Income from dividend for the quarter ended December 31, 2015 was Rs. 135 crore compared to Rs. 103 crore in the corresponding quarter of the previous year.

Housing Development Finance Corporation Ltd has announced that ​Profit on Sale of Investments for the quarter ended December 31, 2015 was Rs. 57 crore compared to Rs. 113 crore in the corresponding quarter in the previous year.

Income from dividend for the quarter ended December 31, 2015 was Rs. 135 crore compared to Rs. 103 crore in the corresponding quarter of the previous year. This includes dividend of Rs. 127 crore from HDFC Standard Life Insurance Company Limited.

The Corporation, under the loan assignment route sold loans amounting to Rs. 1,240 crore in the quarter ending December 31, 2015 to HDFC Bank (compared to Rs. 1,234 crore during the corresponding quarter of the previous year).

Loans sold in the preceding twelve months amounted to Rs. 12,975 crore.

IDBI Bank mobilises Rs. 1000 crore

Earlier, Government has given approval to IDBI Bank to raise Rs 3,771 crore during the year, by way of Qualified Institutional Placement (QIP).

IDBI Bank has mobilised Rs. 1000 crore through issue of Basel III Compliant Tier 2 bonds on private placement basis to strengthen Bank's capital adequacy. 

Earlier, Government has given approval to IDBI Bank to raise Rs 3,771 crore during the year, by way of Qualified Institutional Placement (QIP).

IDBI Bank Ltd ended at Rs. 88.9, down by Rs. 1.3 or 1.44% from its previous closing of Rs. 90.2 on the BSE.

The scrip opened at Rs. 90.5 and touched a high and low of Rs. 90.95 and Rs. 88.45 respectively. A total of 7244270(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 14259.19 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 95.7 on 03-Dec-2015 and a 52 week low of Rs. 52.45 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 92 and Rs. 87.9 respectively.

The promoters holding in the company stood at 76.5 % while Institutions and Non-Institutions held 13.88 % and 9.63 % respectively.

The stock traded below its 50 DMA.

SEBI proposes fresh norms for REITs public issue

SEBI reportedly said that the proposed norms for the public issuance of REITs relate to appointment of merchant bankers, disclosures in the offer documents and filing of draft papers.

The Securities and Exchange Board of India proposed fresh norms for the public issue of Real Estate Investment Trusts (REITs), including cap of 75 per cent allocation to institutional buyers, according to reports.

SEBI reportedly said that the proposed norms for the public issuance of REITs relate to appointment of merchant bankers, disclosures in the offer documents and filing of draft papers.

 The allocation in the public issue should be maximum 75 per cent to qualified institutional buyers (QIBs) and at least 25 per cent to other investors, SEBI said.

SEBI added that REITs will need to deposit, before the opening of subscription, and keep deposited with the stock exchange, an amount calculated at the rate of 0.5 per cent of the amount of units offered for subscription to the public, says report.

Jet fuel prices cut by 10%

On Thursday, petrol price was cut by 63 paise per litre while diesel will be cheaper by Rs 1.06, effective midnight.

Jet fuel price has been cut by 10%.  On Thursday, petrol price was cut by 63 paise per litre while diesel will be cheaper by Rs 1.06, effective midnight.

Jet Airways, Godrej Consumer Products, Container Corp, Torrent Pharma to enter F&O segment today

The stocks which will be introduced in the future & option segment from today are Jet Airways, Torrent Pharma, Concor and Godrej Consumer.Jet Airways (India) Ltd ended at Rs. 702.45, up by Rs. 45 or 6.84% from its previous closing of Rs. 657.45 on the BSE.   

Jet Airways, Godrej Consumer Products, Container Corporation and Torrent Pharma will be introduced in the future & option segment from today.  The stock will be the part of the derivatives segment on the NSE. 

Jet Airways (India) Ltd ended at Rs. 702.45, up by Rs. 45 or 6.84% from its previous closing of Rs. 657.45 on the BSE. The scrip opened at Rs. 666 and touched a high and low of Rs. 708.8 and Rs. 666 respectively. A total of 14248849(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7979.83 crore.

Torrent Pharmaceuticals Ltd ended at Rs. 1453.65, down by Rs. 6.75 or 0.46% from its previous closing of Rs. 1460.4 on the BSE. The scrip opened at Rs. 1480 and touched a high and low of Rs. 1494.95 and Rs. 1444 respectively. A total of 249704(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 24598.67 crore.

Godrej Consumer Products Ltd ended at Rs. 1318.75, up by Rs. 36.55 or 2.85% from its previous closing of Rs. 1282.2 on the BSE. The scrip opened at Rs. 1295 and touched a high and low of Rs. 1328 and Rs. 1291 respectively. A total of 274045(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 44907.78 crore.

Container Corporation Of India Ltd ended at Rs. 1320, up by Rs. 7.05 or 0.54% from its previous closing of Rs. 1312.95 on the BSE. The scrip opened at Rs. 0 and touched a high and low of Rs. 0 and Rs. 0 respectively. A total of 158336(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 25598.59 crore.

Rupee opens lower at 66.18/$

On global macroeconomic front, IMF chief Christine Lagarde stated that global economic growth will be disappointing next year due to the probability of further hike in US interest rates and economic slowdown in China.

Indian rupee opened at 66.18/$ lower by 3 paise in early trade on Friday as against the previous close of 66.15/$. Yesterday, Indian rupee extended the recovery against the greenback, helped by reports that Qatar government has agreed to reduce gas prices for India. This will further help in mitigating India’s current account deficit. Indian rupee closed at 66.15 levels, a six week high. However on YTD’15 basis, the domestic unit was down by 4.7%. Meanwhile, there is some pressure on Indian rupee on account of month end dollar demand for US dollar from the importers.

On global macroeconomic front, IMF chief Christine Lagarde stated that global economic growth will be disappointing next year due to the probability of further hike in US interest rates and economic slowdown in China. She also expressed concerns over slowdown in global trade growth and persistent decline in commodity prices which has aggravated problems for commodity export oriented economies. Stronger US dollar has also led to problems for companies with dollar denominated debt in emerging markets. Lagarde echoed the need for loose monetary conditions to remain intact.

On Thursday, Indian rupee ended at 66.15/$, higher by 24 paise. The currency touched a high and low of 66.35 and 66.72 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.32 and for Euro stood at 72.50 on December 31, 2015. While, the RBI’s reference rate for the Yen stood at 55.09, the reference rate for the Great Britain Pound (GBP) stood at 98.3482.

Jan series: Sensex, Nifty decline in early trade

Some buying activity is seen in capital goods, industrial, auto and realty sectors, while banking, pharma, metal, IT and FMCG sectors are showing weakness on BSE.

At 9:28 AM, the S&P BSE Sensex is trading at 26,026 down 92 points, while NSE Nifty is trading at 7,921 down 26 points.

The BSE Mid-cap Index is trading up 0.28% at 11,174, whereas BSE Small-cap Index is trading up 0.16% at 11,856.

Some buying activity is seen in capital goods, industrial, auto and realty sectors, while banking, pharma, metal, IT and FMCG sectors are showing weakness on BSE.

Tata Motors, L&T, SBI, M&M, Axis Bank, Lupin and Cipla are among the gainers, whereas ONGC, Sun Pharma, ICICI Bank, NTPC, Tata Steel and GAIL are losing sheen on BSE.

The India VIX (Volatility) index is up 2.66% to 14.2400. Out of 1,744 stocks traded on the NSE, 600 declined and 744 advanced today.

A total of 34 stocks registered a fresh 52-week high in trades today, while three  stocks touched a new 52-week low on the NSE.

Indian rupee opened at 66.18/$ lower by 3 paise in early trade on Friday as against the previous close of 66.15/$. Yesterday, Indian rupee extended the recovery against the greenback, helped by reports that Qatar government has agreed to reduce gas prices for India. This will further help in mitigating India’s current account deficit. Indian rupee closed at 66.15 levels, a six week high. However on YTD’15 basis, the domestic unit was down by 4.7%. Meanwhile, there is some pressure on Indian rupee on account of month end dollar demand for US dollar from the importers.

Piramal Enterprises plans to raise Rs. 500 crores via NCDs

A meeting of the Committee of Directors (Funding) of the Company will be held on January 05, 2016 to consider and approve the issue of secured non-convertible debentures

Piramal Enterprises Ltd has announced that a meeting of the Committee of Directors (Funding) of the Company will be held on January 05, 2016 to consider and approve the issue of secured non-convertible debentures amounting upto Rs. 500 crores.

Piramal Enterprises Ltd ended at Rs. 1004.1, up by Rs. 17.45 or 1.77% from its previous closing of Rs. 986.65 on the BSE.

The scrip opened at Rs. 990 and touched a high and low of Rs. 1010.95 and Rs. 990 respectively. A total of 43405(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17325.75 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 1043 on 20-May-2015 and a 52 week low of Rs. 805 on 18-Sep-2015. Last one week high and low of the scrip stood at Rs. 1010.95 and Rs. 956.75 respectively.

The promoters holding in the company stood at 52.82 % while Institutions and Non-Institutions held 30.91 % and 16.27 % respectively.

The stock traded below its 50 DMA.

Daily Market Strategy - Happy New Year; Unhappy start for market

The outlook is a subdued start given the lack of positive global cues. Market rollover was lower at 75% while the 3-month average rollover was about 80%.Fresh longs were seen in FMCG and automobile counters.

We will open the book. Its pages are blank. We are going to put words on them ourselves. The book is called Opportunity and its first chapter is New Year's Day. - Anonymous
 
A year of hope and hype has gone by and as the market opens for the New Year, investors will once again try and leave behind any pessimism and hope to generate decent returns in their individual portfolios. During the year, 21 Nifty stocks offered positive returns between 1-40%. However, 280 stocks of BSE 500 have given significant returns of up to 374% while 214 stocks on BSE 500 tumbled up to 86%. On the NSE, BPCL emerged as the top gainer spurting by over 40% even as Nifty 50 ended around 4% lower in CY2015.
 
The outlook is a subdued start given the lack of positive global cues. Market rollover was lower at 75% while the 3-month average rollover was about 80%.Fresh longs were seen in FMCG and automobile counters. As the day progresses auto stocks will be in focus as the sales numbers are announced. As the market rolls into the January series today, 7980 continues to remain the immediate resistance for Nifty. We expect positive momentum to continue only if the above resistance is taken out convincingly.Jet Airways, Container Corporation, Godrej Consumer and Torrent Pharma could see action as they make their entry into the F&O segment. 
 
US indices closed lower. China, Hong Kong, South Korea, Germany, France, Italy, Spain, US and Brazil, among others, would be closed for the New Year's Day. Despite stimulus measures, China's manufacturing sector contracted for a fifth straight month in December.

The rupee could see a marginal fall as banks are expected to book profits. India's external debt was at $483.2 bn at end-September, the finance ministry reportedly said.
 
Petronet LNG has successfully renegotiated its long term sale purchase agreement with Qatar Gas whereby the take or pay penalty for lower than committed off take during CY15 worth US$1.5bn has been waived off. Also, the revised gas prices will be much closer to the market prices now. This move brings back stability to Petronet LNG’s business model, which in the past couple of quarters was dependent on spot volumes rather than long term volumes. Consumers such as GAIL, Gujarat Gas and IGL will be big beneficiaries of this development. Rally in these stocks in the past one month adequately factors in the upside from this move.
 
Farm Minister Radha Mohan Singh will announce the achievements and future plans of his ministry later in the day.

Cords Cable Industries will be in action as it considers increase in authorised share capital.
Veer Energy & Infrastructure will consolidate its equity shares

Future Consumer has announced that it will consider re-alignment of the distribution business of the company.
 
The Reserve Bank of India has advised that the applicable rate for credit by NBFC-MFIs for the quarter beginning January 01, 2016 is 9.45 per cent.
 
Shares of Cadila Healthcare plunged 14.9% to Rs.328 on BSE after the company received a Warning Letter issued by the US FDA relating to its Moraiya formulation facility and Ahmedabad API facility (Zyfine). “We take quality and compliance matters very seriously and stand by our commitment to fully comply with cGMP quality standards across all our facilities.
 
JMT Auto slipped 3.2% to Rs.88 on BSE. The promoters of JMT Auto Ltd, part of the troubled Amtek Group have pledged 71.73% of the company’s shares to IL&FS Trust Co. Ltd. As per the shareholding pattern disclosed by the company on 15 October, the promoter group held 71.73% in JMT Auto.
 
Jet Airways jumped 6.8% to Rs.702. NSE will include Jet Airways in the future and option segment from Friday. The airline company has announced special attractive festive fares for its guests travelling on the airline’s global network.
 
GIC Housing Finance gained 1.5% and closed at Rs.236 on BSE. The company will acquire up to 16% stake in LIC Nomura Mutual Fund Asset Management Company for Rs 22.68 crore, as per media reports.
 
Kaveri Seed Company rallied 10% to Rs.351 on BSE. On Wednesday, the stock fell 9.5% after SEBI has asked for a forensic audit of the company's record.
 
Shares of Mukand Ltd galloped 12% to Rs.52 after a huge block deal. Around 2.67 million equity shares of the company have changed hands in block deals.
 
Advanta gained 1% to Rs. 442 on BSE. The board of the company has approved the conversion of 25 Foreign Currency Convertible Bonds (FCCBs) into Global Depository Receipts (GDRs), it said in a regulatory filing. It has also approved the allotment of 39,72,070 equity shares of Rs. 2 each to JP Morgan Chase Bank, NA - Depository Bank, to issue appropriate GDRs.
 
Among stocks to watch: 
 
IOC, BPCL, HPCL: ​Petrol price has been cut by 63 paise per litre while diesel will be cheaper by Rs 1.06, effective midnight. A report says IOC has announced the cut in prices and other companies will follow suit.
 
Yes Bank: The Bank has successfully raised Rs. 1,500 crore of Basel III compliant Tier II bonds. The issue was closed on December 31, 2015.

Cadila Healthcare: Reacting to the warning letter issued by the US drug regulator, Cadila Healthcare said that it will request to the US FDA to reinspect Moraiya plant to review remediation, according to media reports. 

Bharti Airtel: The telecom company said it has acquired the balance 26% stake in Augere Wireless, which holds 4G spectrum in Madhya Pradesh, making it a wholly-owned subsidiary of the company.

Future Consumer: Future Consumer has announced that it will consider re-alignment of the distribution business of the company.

Canara Bank: Canara Bank has informed BSE that as per the powers delegated by the Board of the Bank, the Bond Committee has decided to raise Basel III Compliant Tier-II Bonds amounting to Rs. 1500 Crore by way of Private Placement. Gammon India: Lenders led by ICICI Bank are now looking at investment in Gammon arms, as per media reports. Bankers have ​reportedly ​already sold 74% in one subsidiary and are close to selling 74% in another subsidiary to a consortium of non-resident Indians.

IDBI Bank: IDBI Bank has mobilised Rs. 1000 crore through issue of Basel III Compliant Tier 2 bonds on private placement basis to strengthen Bank's capital adequacy.

Housing Development Finance Corporation Ltd: Housing Development Finance Corporation Ltd has announced that ​Profit on Sale of Investments for the quarter ended December 31, 2015 was Rs. 57 crore compared to Rs. 113 crore in the corresponding quarter in the previous year.

Corporation Bank: The bank has allotted over 2.8 crore shares on a preferential basis to LIC to raise around Rs 143 crore.

Piramal Enterprises Ltd:  Piramal Enterprises has informed BSE that a meeting of the Committee of Directors (Funding) of the Company will be held on January 05, 2016 to consider and approve the issue of secured non-convertible debentures amounting upto Rs. 500 crores.
 
Global Data: New Year's Day CNY, New Year's Day USD, New Year's Day EUR, New Year's Day EUR, New Year's Day EUR, New Year's Day EUR, New Year's Day EUR, New Year's Day NZD, New Year's Day JPY, New Year's Day CHF, New Year's Day CAD, New Year's Day EUR, Non-manufacturing PMI (Dec) CNY,NBS Manufacturing PMI (Dec) CNY
 
Trends in FII flows: The FIIs were net buyers of Rs. 112.3 bn in the cash segment on Thursday. The domestic institutional investors (DIIs) were net sellers of Rs. 2.57 as per the provisional figures released by the NSE.

TEN MOST ACTIVE FUTURES

Symbol	No.of Cont Traded	Last price	Open Interest	% chg in Op.Int
LT	27,834	1,275.45	1,960,500	-63.93
RELIANCE	19,099	1,014.60	3,669,500	-40.88
RELINFRA	16,533	543.95	4,306,900	13.30
SBIN	15,123	224.45	12,682,000	-44.99
CADILAHC	14,867	327.55	1,344,000	-41.63
ICICIBANK	13,275	261.35	14,997,400	-37.53
HDFC	11,672	1,263.75	2,126,800	-29.68
SUNPHARMA	11,303	820.15	3,091,800	-38.05
TATAMOTORS	10,605	391.30	8,244,000	-30.63
HDFCBANK	9,796	1,082.15	4,401,000	-35.71

TEN MOST ACTIVE OPTIONS

	Option Type	Strike price	No.of Cont Traded	Open Interest	% Chg in Op.In
RELINFRA	CE	520	7,189	343,200	-70.50
IOB	PE	28	6,546	56,392,000	80,460.00
TATASTEEL	CE	260	5,193	2,070,000	-25.70
LT	CE	1,300	4,484	707,400	-14.13
RELINFRA	CE	540	3,725	457,600	-40.03
RELIANCE	CE	1,020	3,526	868,000	-4.93
RELIANCE	CE	1,000	3,500	772,500	-30.12
DRREDDY	CE	3,150	3,462	109,050	-21.41
SBIN	CE	225	3,155	1,044,000	77.55
RELIANCE	PE	1,000	3,112	620,000	15.67

SUPPORT & RESISTANCE LEVEL

Company Name	S3	S2	S1	Close	R1	R2	R3
Sensex Index	25,982	26,015	26,050	26,118	26,185	26,220	26,253
Nifty Index	7,904	7,914	7,925	7,946	7,968	7,979	7,989
ABB Ltd	1,110	1,112	1,114	1,118	1,122	1,124	1,126
ACC	1,344	1,348	1,352	1,360	1,367	1,371	1,375
Ambuja Cements	201	202	202	203	204	205	206
Bajaj Holdings	1,651	1,654	1,657	1,662	1,667	1,670	1,673
BHEL	167	168	168	169	170	171	171
Bharti Airte	334	336	337	340	343	344	346
Cipla	645	646	647	650	652	653	654
Dabur India	274	275	275	277	278	278	279
GAIL India	367	369	371	375	380	382	384
Grasim Ind.	3,720	3,726	3,733	3,747	3,761	3,768	3,775
HCL Tech	841	844	848	855	863	866	870
HDFC Bank	1,077	1,078	1,080	1,083	1,086	1,087	1,089
Hero Honda	2,665	2,672	2,680	2,695	2,710	2,718	2,726
Hindalco	83	84	84	85	85	86	86
Hindustan Unilever	853	855	857	862	867	870	872
ICICI Bank	259	260	260	261	263	263	264
Infosys Tech	1,091	1,094	1,098	1,105	1,111	1,115	1,118
ITC Ltd	323	324	325	328	330	331	332
L&T	1,265	1,267	1,270	1,276	1,281	1,284	1,287
MTNL	22	22	22	22	22	23	23
M&M	1,258	1,261	1,265	1,272	1,278	1,282	1,285
Maruti Suzuki	4,566	4,578	4,591	4,615	4,640	4,653	4,665
Mahindra Satyam	518	519	520	522	523	524	525
National Alumin	40	40	40	40	40	40	41
ONGC	236	238	239	242	245	246	247
Oriental Bank	137	138	139	141	142	143	144
PNB	114	114	115	116	117	117	117
Ranbaxy Labs	807	810	813	820	826	830	833
Reliance Capital	427	430	433	438	443	445	448
Reliance Comm	87	87	88	88	89	89	89
Reliance Energy	520	525	531	543	554	560	565
Reliance Inds	1,001	1,004	1,007	1,013	1,018	1,021	1,024
R Power	54	55	56	57	58	59	59
Siemens India	1,190	1,193	1,196	1,201	1,206	1,209	1,211
SBI	223	223	224	224	225	226	226
TCS	2,413	2,420	2,426	2,439	2,452	2,459	2,465
Tata Motors	387	388	389	391	393	395	396
Tata Power	67	67	67	68	68	69	69
Tata Steel	257	258	258	260	261	261	262
Tata comm	424	427	429	435	440	442	445
Wipro	556	557	558	560	562	563	564
Wire And Wireless	35	35	35	36	37	37	38
Zee Entertainment	428	430	432	437	442	444	446