TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8631/ 19159. According to technical analysis if Nifty futures
and Bank Nifty future moves down-word in tomorrow treading session then 8546 will be small support for Nifty
futures and 18908 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go
down to 8379 level and Bank Nifty futures can touch 18229 level in next few days. It will be hard support for
Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8697 for Nifty futures and
19407 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on
8793 and 19342 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

R2
8755

R1
8671

PP
8629

S1
8587

S2
8503

WEEKLY

R2
9422

R1
8838

PP
8546

S1
8253

S2
7669

MONTHLY

R2
9515

R1
8861

PP
8534

S1
8207

S2
7554

DAILY

R2
19709

R1
19354

PP
19176

S1
18999

S2
18644

WEEKLY

R2
20780

R1
19622

PP
19043

S1
18464

S2
17306

MONTHLY

R2
20780

R1
19622

PP
19043

S1
18464

S2
17306

BANK NIFTY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8433

8313

8454

8419

BANK NIFTY

18532

18204

18435

18268

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

8344

7963

9054

BANK NIFTY

18823

17180

20848

NSE EQUITY DAILY LEVELS

COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC
ALBK

EQ
EQ

1489
94

1466
92

1455
90

1443
89

1432
88

1420
87

1397
85

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 BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER

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

260
861
624
2624
168
195
294
451
718
448
127
4073
386
3836
997
1407
1146
2724
114
984
335
333
963
1037
87
762
1935
1372
36875
4349
302
194
75
412
1059
451
49
284
152
975
429
77
298
187

256
851
614
2594
163
188
290
444
707
441
121
4016
381
3774
982
1377
1135
2703
112
962
328
329
953
1023
84
751
1912
1350
36681
4297
299
188
74
405
1047
443
48
279
149
966
418
76
294
181

251
841
604
2564
158
182
286
436
695
434
116
3959
375
3712
967
1346
1123
2682
110
939
322
325
944
1009
82
740
1888
1328
36487
2445
295
181
73
397
1035
435
47
273
147
957
406
75
289
176

248
835
598
2547
156
178
284
433
688
430
113
3939
373
3673
961
1329
1116
2669
109
925
317
322
939
1003
81
734
1873
1320
36380
4219
293
177
72
394
1028
431
46
270
145
953
399
74
286
172

247
831
594
2533
154
175
282
429
684
427
111
3902
370
3650
953
1316
1111
2661
108
917
315
320
934
995
80
729
1864
1306
36293
4193
291
174
71
389
1023
427
45
268
144
949
395
73
284
170

244
825
588
2517
151
171
280
426
677
423
107
3882
367
3611
946
1299
1104
2648
107
903
311
318
929
989
79
723
1849
1298
36186
4167
289
170
70
387
1016
423
44
265
143
944
388
72
282
166

242
821
584
2503
149
169
278
422
673
420
105
3845
364
3588
938
1285
1100
2641
106
894
308
316
925
981
78
717
1840
1284
36099
4141
288
168
69
382
1011
419
43
263
142
940
383
71
280
164

SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

TOP 15 ACHIEVERS

SR.N SCRIPT NAME PREV

O
CLOSE

TOP 15 LOOSERS

SCRIPT
NAME

PREV
CLOSE

CMP

% CHANG

SR.NO

+20.59

JUST DIAL

1196.30

1095.50

EMAMI LTD

1249.65

1161

CASTEX
TECHNOLOGY
BAJAJ HOLDINGS

316

295.45

1504.10

1410.20

57.55

54.05

INDIABULLS REAL
EST
INDIAN CEMENT

93.10

87.75

TEXMO PIPES

14.05

13.25

SUN TV

279.20

267.75

ONGC

302.95

292.80

10

SINTEX INDUS

106.80

103.30

11

JK CEMENT

626.45

608.85

12

KARUR VYSYA
BANK
GATI LTD

491.95

478.55

184.25

179.95

BAJAJ FINSERV
LTD
SAIL

1759.15

1719.85

59.40

58.20

BHUSHAN STEEL

54.85

66.15

RAJESH EXPORT

378.05

447.10

GREENPLY INDUS

831.45

961.50

PVR LTD

680.15

782.55

JK TYRES

87

97.75

BEML

1312.20

1474.10

BHEL

255.70

286.55

ARTI INDUS

TATA CHEMICALS

437.95

484.70

10

AMTEK AUTO

153.65

170.05

11

NDTV

105.10

116.05

12

SHASUN PHARAM

357.85

394.55

13

APOLLO TYRE

171.90

189.10

14

PUNJAB CHEM

229.60

252.30

15

PROTON ENGINEERI

237.10

260.40

337.15

//

376.45

+18.26
+15.65
+15.06
+12.36
+12.34
+12.06
+11.65
+10.67
+10.67
+10.42
+10.26
+10.01
+9.89
+9.83

4
5

13
14
15

CMP % CHANG

-8.43
-7.09
-6.52
-6.24
-6.08
-5.75
-5.69
-4.10
-3.35
-3.28
-2.81
-2.72
-2.33
-2.23
-2.02

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1.

APOLLOTYRE - APOLLOTYRE HAS SHOWN UPWARD MOMENTUM THIS WEEK AND

LIKELY TO CONTINUE AND MAY TEST THE LEVELS OF 195 THIS WEEK.

2.

ONGC - ONGC SHOWED SIDEWAYS MOVEMENT THIS WEEK AND IT IT BREAKS 290 LEVES
IT IS MOST LIKELY TO COME TO THE LEVEL OF 285.

3.

CAIRN - CAIRN INDIA IS LIKELY TO SHOW DOWNWARD MOVEMENT IF IT BREAKS 169

LVEL AND THEN SUBSIQUENT SUPPORTS ARE 166/164.

4.

COALINDIA - COALINDIA HAS BROKEN THE LEVEL OF 435 IF IT BREAKS 430 LEVEL THEN
IT MAY COTTECT UPTO HTE LEVEL OF 426/423 THIS WEEK.

5.

WIPRO - WIPRO MAY SHOW POSITIVE MOMENTUM IF IT TRADES ABOVE 570 LEVELS AND
COME UPTO THE LEVEL OF 582 AND IF BREAKS THIS LEVEL THEN NEXT RESISTANCE
WOULD BE 588/590.

CURRENCY MARKET
USDINR

R2

R1

PP

S1

S2

DAILY

64.05

63.75

63.60

63.45

63.10

WEEKLY

R2
64.40

R1
63.85

PP
63.60

S1
63.30

S2
62.80

MONTHLY

R2
65.25

R1
64.25

PP
63.75

S1
63.25

S2
62.25

EURINR

R2

R1

PP

S1

S2

DAILY

70.10

69.50

69.25

68.95

68.40

WEEKLY

R2
76.00

R1
71.90

PP
69.85

S1
67.80

S2
63.65

MONTHLY

R2
77.10

R1
72.15

PP
69.70

S1
67.20

S2
62.30

JPYINR

R2

R1

PP

S1

S2

DAILY

51.85

51.50

51.30

51.10

50.70

WEEKLY

R2
53.75

R1
52.25

PP
51.50

S1
50.70

S2
49.20

MONTHLY

R2
56.60

R1
53.30

PP
51.65

S1
50.00

S2
46.70

GBPINR

R2

R1

PP

S1

S2

DAILY

101.00

99.90

99.30

98.80

97.70

WEEKLY

R2
103.15

R1
100.40

PP
99.05

S1
97.70

S2
94.95

MONTHLY

R2
107.45

R1
101.90

PP
99.15

S1
96.40

S2
91.85

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
Indiabulls Housing allot 49,700 equity shares on warrant conversion - Indiabulls
Housing Finance Ltd has announced that on July 13, 2015, the Company, has issued and
allotted 49,700 (Forty Nine Thousand Seven Hundred) Equity shares of face value Rs. 2/- each,
upon conversion oF warrants.Consequent to the said allotment, the paid-up Equity Share
Capital of the Company stands increased to Rs. 71,14,16,828/- divided into 35,57,08,414
Equity Shares of face value Rs. 2/- each.

Unichem Laboratories gains 1% after Q1 earnings - Unichem Laboratories was up nearly

a percent at Rs. 223 on the back of three-fold jump in Q1 net at Rs. 28.78 crore as against Rs.
9.82 crore in Q4FY15. Total income also rose by 20.7 percent to Rs. 309 crore from Rs. 256
crore for the above mentioned period. The stock touched an intra-day high of Rs. 232.

Gail India surges 3.5% on inviting bids for LNG delivery - Gail India advanced 3.5
percent to Rs. 373.35 amid media reports that the company has launched a tender to buy to
Liquefied Natural Gas (LNG) cargoes for prompt delivery, linked to demand for gas by various
local fertiliser companies. The company traded up by 12.80 points from its previous closing of
Rs. 360.55. It has hit a high of Rs. 375 and low of Rs. 362. In Bse, its total traded quantity was
around 0.83 lakh shares against two weeks averag quantity of 0.54 lakh shares.

IndusInd Bank surges 3.2% on Q1 results - IndusInd Bank also rallied over 3.2 percent to
Rs. 923.90. The bank reported 24.7 percent growth in Q1FY16 net at Rs. 525 crore when
compared with Rs. 421 crore in the corresponding quarter a year ago. Total income grew by 20
percent to Rs. 3,448 crore from Rs. 2,874 crore. The company has hit a high of Rs. 928 and low
of Rs. 895.25.

BPCL surges 3.2% on plans to expand Bina Oil Refinery - Bharat Petroleum
Corporation (BPCL) surged over 3.02% at Rs. 907.85. The company is planning to expand its
Bina oil refinery in Madhya Pradesh by 30 percent to 156,000 barrels per day at a cost of about
$ 472 million. The stock has hit a high of Rs. 913.85 and low of Rs. 880.10. In Bse, the counter
has registered trade of around 1.19 lakh shares against two weeks average quantity of 1.72 lakh
shares

Govt to pay Rs. 12/litre kerosene subsidy - The government has capped subsidy it will
pay on kerosene at Rs. 12 per litre, according to reports. A report says that Finance Ministry
will pay Rs. 12 per litre in cash to state-owned fuel retailers. Currently, oil companies sell
kerosene at a loss of about Rs. 18 per litre. For LPG, government has decided to fully bear
difference between the cost and the retail selling price.

Clariant Chemical approves buy back shares - Axis Capital Ltd has submitted to BSE a
copy of public announcement to the Equity Shareholders / beneficial owners of Equity Shares
of Clariant Chemicals (India) Ltd for buy back of Equity Shares through Tender Offer. This PA

is being made pursuant to the provisions of Regulation 8(1) of the Securities and Exchange
Board of India (Buy Back of Securities) Regulations, 1998, as amended (the Buy Back
Regulations) and contains the disclosures as specified in Part A of Schedule II to the Buy Back
Regulations. Offer for buy back of upto 35,78,947 fully paid up Equity Shares of face value of
Rs. 10 each at a price of Rs. 950 per fully paid up equity share on a proportionate basis through
the Tender Offer Process. At 2:32 PM, the stock trading flat at Rs. 868.25. The stock has hit a
high of Rs. 872.40 and a low of Rs. 865 on BSE today. Total traded quantity on the counter
stood at over 5,707 odd-shares on BSE.

Gujarat Pipavav completes restoration of Pipavav Railway Corporation - Gujarat

Pipavav Port Ltd has announced that the restoration of Pipavav Railway Corporation Limited
(PRCL) rail line connecting Pipavav port was completed, the test runs were successfully carried
out and Indian Railways declared the rail line open for operations from the night of July 11,
2015. The rail operators have also declared restoration of normal services to and from Pipavav
Port.

BPCL gains on plans to expand Bina Oil Refinery - Bharat Petroleum Corporation
(BPCL) is trading on a positive note amid media reports that the company is planning to
expand its Bina oil refinery in Madhya Pradesh by 30 percent to 156,000 barrels per day at a
cost of about $ 472 million. The stock is now up over 2 percent at Rs. 900, with trades of
around 42,000 shares, as against two-week daily average volume of 172,000 shares.
ONGC Videsh not to exit Vietnam block - ONGC Videsh Ltd is not exiting a Vietnam oil
block in the contested waters of the South China Sea, according to reports. A report says that
the company also planning to seek a third extension of exploration licence for Block 128 to
maintain India's strategic interest in the South China Sea.
The block lies in the part of South China Sea - OVL stated that if it was to exit the block,
it would have to pay $15-20 mn penalty for not drilling a committed exploration well, says
report.
Tata Steel UK workers expected to sign a new deal - Tata Steel UK's workers are
expected to sign a new deal to end a pensions row, according to reports. A report added that the
ballot of union members closes on Wednesday and is expected to deliver resounding support for
the deal. The four unions -- Community, Unite, GMB and Ucatt -- called off a strike last month
after the Indian steel giant agreed to retain a final-salary pension scheme. The unions have
recommended that staff accept the deal.
L&T Finance acquires 26% stake in Grameen Capital: - L&T Finance has acquired 26%
stake in Grameen Capital India for an undisclosed amount, according to reports. A report says
that Grameen Foundation, Citicorp Finance, Amit and Arihant Patni are the other shareholders
in the company.
Y M Deosthalee, Chairman & Managing Director of L&T Finance
Holdings reported "We are delighted to partner with Grameen Capital and come up with
innovative solutions for the capital needs of these enterprises. Grameen Capital India provides
capital market access to impact-focused enterprises serving the base-of-the-pyramid segment
through innovative debt and equity solutions, credit enhancement and strategic advisory
services.

 DCB Bank Q1 net profit at Rs. 46.9 crore; Gross NPA at 1.96% - DCB Bank Ltd has
announced a net profit of Rs. 468.70 million for the quarter ended June 30, 2015 as compared
to Rs. 446.40 million for the quarter ended June 30, 2014. Total Income has increased from Rs.
3,866.90 million for the quarter ended June 30, 2014 to Rs. 4,674.40 million for the quarter
ended June 30, 2015. The bank reported Gross NPA at 206.4 crore Vs 186.1 crore (QoQ).
Capital Adequacy Ratio stood at Rs. 300 crore Vs Rs. 371. 2 crore (YoY)
PSU OMCs stock gains as crude oil prices fall; BPCL top gainer - BPCL surged 2
percent to Rs. 927 as US Crude Oil futures sank deeper into red after Iran and six global
powers reached a landmark nuclear deal. Post deal Iran is likely to restart oil exports. Among
other oil marketing companies - HPCL rallied 3 percent to Rs. 845 and Indian Oil (IOC)
jumped over 3 percent to Rs. 438. On Tuesday, the BSE Sensex opened 25-odd points higher at
27,987, but soon slipped into the negative zone following weak CPI data overnight. The BSE
index thereafter traded with a negative bias for most part of the trading day on the back of
weakness in select banking and metal stocks.
CRISIL to close buyback issue - CRISIL Ltd has announced that with reference to the
Public Announcement dated June 23, 2015 in respect of the buyback of shares by the Company
at a price not exceeding Rs. 2,310/- per share (Maximum Offer Price) and upto an aggregate
amount of Rs. 102 crore (Maximum Offer Size). With reference to the above stated Buyback,
the Company has till date brought back 5,11,932 equity shares for a total consideration of Rs.
101.98 crore at an average price of Rs. 1,992.02 per share. The Company has thus deployed
99.98% of the total approved amount of Rs. 102 crore towards the Buyback. As per the terms
of the Public Announcement dated June 23, 2015 and the approval of the Buyback Committee
of CRISIL Limited, it has been decided to close the Buyback with effect from July 14, 2015.
Kalindee Rail shareholders approves merger with Texmaco Rail - Kalindee Rail Nirman
(Engineers) Ltd has informed BSE regarding Result of Postal Ballot/E-Voting and Court
Convened Meetings of Shareholders and Creditors of the company in connection with the
Scheme of Amalgamation between the company and Texmaco Rail & Engineering Limited.
Titagarh Wagons raises Rs. 150 crore through QIP - Shares of Titagarh Wagons Ltd
trading up 1% at Rs. 109.10 on BSE. The company reportedly said its board has approved the
allocation of 1.5 crore shares to raise Rs. 150 crore through qualified institutional placement
(QIP). The stock opened at Rs. 108.10 as against the previous close of Rs. 108.50 on BSE. It
has hit a high of Rs. 109.25 and a low of Rs. 108 on BSE today. Total traded quantity on the
counter stood at over 0.30 lk shares on BSE.
JSW Steel gains on good steel production in Q1 - JSW Steel is currently trading at the
highest level of the day - with a gain of almost a percent at Rs. 843 on the BSE, after the firm
reported good steel production.
Yesterday after market hours, JSW Steel informed BSE that is has reported highest ever
quarterly Crude Steel production at 3.40 million tonnes for Q1 FY 2015-16 showing a growth
of 10 percent over corresponding quarter of previous year. On the BSE, the counter has seen
trades of around 22,000 shares as against the two-week daily average volume of 80,000 shares.

 Lupin gains on USFDA nod - Shares of Lupin Ltd were trading higher 1.1% at Rs. 1937
on BSE today. The pharma company gets US FDA's approval for generic of Fresenius' Phoslo
Gelcaps, as per media reports. The stock hit a high of Rs. 1,943.50 and a low of Rs. 1,920 on
BSE today. Total traded quantity on the counter stood at over 0.39 lk shares on BSE.
FIIs cuts stake in PSU banks - Foreign institutional investors (FIIs) have reduced their
exposure in public sector banks (PSB) for the second straight quarter, says a report. Overseas
investors reduced holdings in most of the PSBs such as State Bank of India (SBI), Punjab
National Bank (PNB), Oriental Bank of Commerce (OBC), Bank of Baroda (BOB), Bank of
India (BOI) and Canara Bank by up to three percentage points in April-June quarter. In Andhra
Bank, Uco Bank, IDBI Bank, Syndicate Bank, Indian Overseas Bank and State Bank of
Mysore, their stake was declined by less than one percentage points, FIIs have reduced their
stake in 20 banks and increased in five DCB Bank, Karnataka Bank, South Indian Bank,
Indian Bank and Corporation Bank, according to reports.
Aban Offshore extends rally on Iran deal - Aban Offshore extended rally and jumped
another 1.5 percent to Rs. 327 following the historic nuclear deal between Iran and six major
powers. The company is engaged in oil exploration and production and is generating 35 percent
of its revenues from Iran. The stock has hit a high of Rs. 340 and a low of Rs. 23.
PM Modi launches National Skill India Mission - On the occasion of first ever World
Youth Skills Day , Prime Minister Narendra Modi formally unveiled the National Policy for
Skill development and Entrepreneurship 2015 and launched National Skill Development
Mission. The pilot phase of PMKVY had already begun earlier. The Minister of State
(Independent Charge) for Skill Development and Entrepreneurship Rajiv Pratap Rudy was the
Guest of Honour on this occasion. Union Ministers Arun Jaitley, Manohar Parrikar, Suresh
Prabhu, Anant Geete, Jagat Prakash Nadda, Ananth Kumar, Narendra Singh Tomar, Thaawar
Chand Gehlot, Piyush Goyal and Santosh Kumar Gangwar were present on the dais. Chief
Ministers, State Ministers, Secretaries to the Government of India, and other representatives
from central and state governments were present at the event. Foreign dignitaries, including
Ambassadors and High Commissioners, senior industry leaders, representatives of multilateral
organizations and from industry associations also attended. ITI faculty, skill trainers and
trainees from a range of training programs also participated.
Skill Dvpt Minister Rajiv Pratap Rudy stated that the common norms framework Will ensure
Streamlining Of Schemes. "We hope to Work Closely with States to Push Skill India Mission,"
says Rajiv Pratap Rudy. Rajiv Pratap Rudy added that they have tied Up With Railway Ministry
for Virtual Training.
Ajay Piramal plans to invest up to Rs. 300 crore in ReGen Powertech - Ajay Piramal is
reportedly planning to invest up to Rs. 300 crore in ReGen Powertech. The deal is still under
negotiation, says report.The proceeds will be used to expand the business and repay loans. "We
see opportunities for future growth," R Sundaresh, joint managing director of ReGen,
said. Media report says that ReGen will issue the bonds via ReGen Infrastructure & Services, a
wholly owned subsidiary.

Adani Ports up on receiving LoA for Vizhinjam port project - Adani Ports & SEZ is
trading with gains in noon deals on the back of positive news flow. According to media reports,

the Kerala government has handed over the Letter of Award (LoA) for the mega Vizhinjam port
project to sole bidder Adani Ports & SEZ. The stock is trading near the day's high with a gain of
1.3 percent at Rs. 320. The counter has seen trades of around 73,000 shares as against the
two-week daily average volume of around 194,000 shares on the BSE.

Top Economy news

Government is working on a new agriculture insurance scheme that will cover all the inputs put
by a farmer into his farm as also the loans taken by him, Finance Minister Arun Jaitley said.
Reserve Bank of India will support arrangements for aggregating farmers produce to facilitate
flow of credit especially from foreign banks operating in India.
The state-run National Bank for Agriculture and Rural Development has set a target of
providing Rs. 300bn as credit to farmers for irrigation over the next three years, a senior official
said.
Consumer price index-based inflation for the month of June rose to 5.40%, the highest level in
seven months, on the back of increased rate of price rise in food items, data released by the
Ministry of Statistics and Programme Implementation showed.
Euro zone leaders clinched a deal with Greece to negotiate a third bailout to keep the
near-bankrupt country in the euro zone after all-night talks at an emergency summit.
Oil ministry expects a subsidy burden of Rs 50-60bn for state-run oil and gas producers this
fiscal year if world oil prices stay at current levels, a senior oil ministry source said.
In a lowest since November 2014, the annual rate of inflation, based on monthly WPI, extended
its deflationary trend for eight successive month and eased further to -2.40% for June as
compared to -2.36% for May. The same stood at 5.66% during the corresponding month of the
previous year. Build up inflation rate in the financial year so far was 1.42% compared to a build
up rate of 1.50% in the corresponding period of the previous year.
Finance Minister Arun Jaitley and NITI Aayog Vice-Chairman Arvind Panagariya are again,
talking of double-digit growth at a time when, even the changed methodology of calculating
gross domestic product had yielded 7.3 per cent economic growth rate for 2014-15. For the
current financial year, only the government has projected the growth rate to be 8.1-8.5 per cent;
other agencies have pegged it in the range of 7.5-7.8 per cent. In fact, the International
Monetary Fund has projected the countrys economic growth rate at just 7.8 per cent even in
2020-21.
The Centre has been claiming it has increased devolution to states in the 14th Finance
Commission, but most state governments are of the view that their financial position has
worsened during 2015-16, compared to the previous year, if one takes into account the

reduction in block grants and transfers through central schemes vis--vis the increase through
tax devolution.
Having received inputs from various ministries on the draft rules for Indian airlines to fly
abroad, the civil aviation ministry is set to hold fresh consultations with airlines.
Wholesale Price Index-based inflation for the month of June continued to be in the deflationary
territory for the eighth straight month, backed primarily by lower commodity prices.
Provisional WPI inflation for June stood at -2.40%, compared with -2.36% in May and 5.66%
for the same period last year.
In an effort to ensure a uniform model for engaging with private players in mining, the coal
ministry is coming up with a model mine development operator agreement. Apart from Coal
India (CIL), which would engage with private players as per the new MDO model, this will
also serve as a guideline for state government-run miners as well for selecting private
operators.

Top Corporate News

Country's third largest software services firm Wipro aims to significantly increase its rate of
patent filing over the next three years.
After the announcement of its merger with its subsidiary Cairn India last
month, VedantaLimiteds Chairman Navin Agarwal stated that shareholders will get access
to metal and mining assets of the company.
Royal Enfield, the world's fastest growing premium bike-maker clipping at over 40% sales on
an average every month since the beginning of this year, will be ramping up its capacity up to
52k a month by December, from the current capacity of 36k units.
FMCG major Emami is scouting for acquisitions to expand its product offerings as the
company enters into next phase of growth in consumer care products segment.
Utility and tractor vehicle major Mahindra & Mahindra will seek shareholder approval to
raise up to Rs. 50bn through issue of securities on private placement basis at the upcoming
annual general meeting.
Tata MotorsLtd plans to double the revenue from its defence business over the next three
years to $600 mn, betting on the government's push for more local defence manufacturing, a
top company official said.

Aurobindo Pharma has received final approval from the US Food and Drug Administration to
produce and sell Flecainide Acetate Tablets -- used for regulating heart rate -- in the American
market.

Indraprastha Gas Ltd (IGL) has acquired 250k more shares of Maharashtra Natural Gas Ltd
(MNGL) to become a 50% shareholder in the company.
State-run Indian Oil Corp plans to buy at least one spot LNG cargo per month in 2015-16 to
take advantage of lower short-term prices, senior company executive Debasis Sen said.
Bharat Petroleum Corp Ltd plans to expand its Bina oil refinery in Madhya Pradesh by 30%
to 156k barrels per day at a cost of about $472mn.
Private carrier Jet Airways scaled up its daily seat deployment on the domestic network by
1,000 seats with the addition of new services to provide an enhanced connectivity within the
country.
Drug firm Dr Reddy's Laboratories has launched in the US market the generic Memantine
hydrochloride tablets used for treatment of dementia of the Alzheimer's type.
Reliance Power has written to the coal ministry to restrict coal mining from two blocks
attached to the company's Sasan ultra mega power project in Madhya Pradesh.
Samriddhi Developers and Gorakhpur Real Estate Developers are bidding for 45-acre plot
owned by Sahara in Gorakhpur.
Ramco Systems said that it has signed multi-year global mandate with Cobham Aviation
Services, an aviation solution specialist to defence, government and commercial aircraft
customers.
The Kerala government has handed over the letter of award for the mega Vizhinjam port project
to sole bidder Adani Ports & SEZ Ltd.

Yes Bank Ltd has received approval from RBI to set up IFSC Banking Units in Gujarat
International Finance Tec city.
Having built a global scale and the capabilities in pharmaceutical ingredient manufacturing
front, Granules India Limited is now focusing on R&D and formulations and the new
acquisitions are likely to reflect this new thrust in its business strategy.
GVK Power & Infrastructure is looking to raise funds for its airport business as the
diversified group seeks to reduce its debt burden.

The US Food and Drug Administration has banned drug imports from an India manufacturing
unit of Emcure Pharmaceuticals Ltd over violations of standard manufacturing practices, the
latest in a series of Indian firms to face such action.
Reliance Communications, India's fourth largest telecom carrier, is building its own mobile
applications as it looks to offer new and enhanced services to retail and enterprise customer .

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