2nd December 2015

v Nifty Sensex Open 7958.15 Open 26201.27 High 7972.15 High 26246.02 Low 7934.15 Low 26121.52 Close 7954.90 Close 26169.41 % Chg 0.25 % Chg 0.09

STOCK INDICES Closing 1D% SENSEX 26169.41 0.09 NIFTY 50 7954.90 0.25 Domestic… BSE MIDCAP 11075.83 0.78 Corporate… NIFTY MIDCAP 13357.50 0.82  / Bajaj Eletricals / Surya Roshni in focus: Govt halts subsidy on CFL to Nifty Top Gainer encourage LED-based Solar Lights. VEDL 94.60 89.95 5.17  RIL: US-based consultant DeGolyer and Mac-Naughton (D&M), in its final report TATASTEEL 238.35 229.60 3.81 has confirmed that oil and gas blocks owned by ONGC and in COALINDIA 342.10 330.55 3.49 the Krishna-Godavari Basin are connected and that over 11 billion cubic metres BPCL 932.95 901.75 3.46 of gas migrated from the state firm's block to the one being operated by the HINDALCO 79.70 77.05 3.44 private explorer. Nifty Top Loser  JSW Steel Ltd is disappointed with the US court's decision to fine them $156 BHARTIARTL 323.80 334.35 -3.16 million (Rs. 1040 crore) on antitrust conspiracy charges and disagrees with the ADANIPORTS 263.00 267.70 -1.76 conclusions drawn, the steelmaker said in a regulatory filing on Tuesday on BSE. AXISBANK 461.60 469.15 -1.61  Steel Strips Wheels Ltd has secured an order from -owned Jaguar GAIL 359.95 365.10 -1.41 Land Rover (JLR). As part of the deal, SSWL will supply its products to JLR's UK MARUTI 4545.00 4606.90 -1.34 and one more European facility. Securities in Ban for Trade  HDFC Ltd has sold a part of the shares pledged with it by Vijay Mallya. HDFC Ltd sold 1.5 lakh shares for a total value of nearly Rs 47 crore.  : 10% govt stake sale unlikely this fiscal. Lack of appetite among among potential investors may upset plans. Objections raised by existing stakeholders may further see delay.  Wockhardt Ltd: In a major relief to drug firm Wockhardt, its Chikalthana plant at

Aurangabad in Maharashtra has received a good manufacturing practice (GMP)

certificate from the UK health regulator post-inspection.  Cox & Kings has - through its Holidaybreak PLC subsidiary - sold 100% of the issued and outstanding shares of Explore Worldwide Limited for GBP 25.8 million (Rs 258 crore) to Hotelplan UK Group.  TV Today Network Ltd: Reserve Bank has allowed foreign investors to invest up to 26 per cent in TV Today Network Ltd. As per data available on BSE, foreign investors held 0.02 per cent in TV Today Network as on September 30.  Jyoti Structures: Lenders to co have decided to convert loans worth Rs.307.6 cr into equity. Debt converted to shares at Rs.26.9/share i.e. 51% premium to CMP.  CEAT co inks distribution pact with Italian tyre maker Pirelli. Cos together will market Pirelli’s 2 wheeler tyres in premium segment.  Delta Corp gets license for a Casino at its Hotel Deltin Suites, Goa.  IL&FS Engg gets LoA worth Rs.675 cr from Road Min for Birpur-Bihpur section of NH-106 in Bihar.  is pushing the use of renewable energy to reduce its carbon footprint. It is installing solar power plants that can produce 55 Mw of electricity by end of next year. This would cater to close to a third of its annual energy requirement.

Our Comments: Indian share indices have closed the session on a flat note after the Reserve (RBI) kept the repo rate steady at 6.75%. Raghuram Rajan said that the uptick in retail inflation in the last two months, especially in non-food items, warrants vigilance.

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2nd December 2015

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