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Global View
India Update
Today’s Event/ Stock in News
Reliance Industries is reportedly planning to raise $1.5 billion through ECB to refinance its old loans. The company will raise the loan in two
tranches - $1.36 billion in US dollars and $140 million in Japanese yen. The maturity of the bonds would be 43 months from the date of issue.
Recently, the company had raised $225 million through 10-year bonds. The notes have been issued at par and will bear a fixed interest rate of
2.512 per cent per annum with interest payable semi-annually in arrears and shall rank pari passu with all other unsecured and unsubordinated
obligations of the company. Reliance Industries (RIL) is India's largest private sector company, with a consolidated turnover of Rs 3,88,494 crore
($ 62.2 billion), cash profit of Rs 36,291 crore ($ 5.8 billion) and net profit of Rs 23,566 crore ($ 3.8 billion) for the year ended March 31, 2015.
RIL is the first private sector company from India to feature in Fortune's Global 500 list of 'World's Largest Corporations' and continues to be
featured for the 11th consecutive year, currently ranking 114th in terms of revenues and 155th in terms of profits.
Technical Outlook : On daily chart, prices have been taking support of rising trend line at 820 levels. Moreover, prices has formed bullish engulfing
candle stick pattern on daily chart, which is bullish reversal formation. On the other hand, momentum indicator RSI has shown bounce back
from oversold zone territory, which indicates the possibilities of strong rebound in the prices. So for trading perspective, one could Buy in the
range of 837-841 for the Target of 858 with the SL of 828.
The country's largest state-run lender, State Bank of India , has cut its base rate by 40 basis points, or 0.4 percent, to 9.3 percent, effective
October 5. The chairperson, Bhattacharya said that there could be further rate cuts in the future by banks, given that the RBI Governor
Raghuram Rajan has indicated that the door for future rate cuts is open. This morning, the RBI slashed its benchmark repo rate by 50 basis
points (0.5 percent) to 6.75 percent. This came after a total of 75 basis point cut earlier this year in three tranches as inflation pressures eased
in the economy. SBI is also cutting its deposit rates by 25 basis points across maturities, effective next Monday, the bank chief said, adding that
it would help bring down cost of funds for the lender.
Technical Outlook: On daily chart, stock has formed Bullish engulfing candlestick with above average volume, which indicates for upside.
Moreover, stock has been trading above its short moving average 21 DMA which stands at 238.90 level, showing that stock’s trend is up and
could promote upside move from present level. Momentum indicator RSI reading is at 49 marks with positive crossover, which point out for
positive breath in the stock. So for trading perspective, one could Buy in the range of 240-242 for the Target of 247 with the SL of 237.50
RELIANCE
SBIN
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
30th Sept 2015
Buy in the range of 240-242 for the Target of 247 with the SL of 237.50
Buy in the range of 837-841 for the Target of 858 with the SL of 828
Globally, the markets are mixed with the US markets ending mixed as the market stabilised after a steep sell-off. The Dow and
S&P closed higher while the Nasdaq closed lower. Meanwhile, Goldman Sachs cut its year-end forecast for the S&P 500 by 5
percent to 2,000, citing a combination of the slower pace of economic activity in china and the u-s and the fall in oil prices.
European equities closed in the red as investors' sentiment turned negative despite recoveries in mining, autos and oil prices. The
Dow Jones industrial average rose 0.43 percent to end at 16,018.00 points. The S&P 500 gained 0.51 percent to 1884 and the
Nasdaq Composite dropped -0.59 percent to finish at 4,517.32.
Asian stocks mostly stabilized early Wednesday from the carnage in the previous session, mirroring the finish on Wall Street
overnight. The Nikkei has bounced back from eight-month lows. Lower than expected data released before the market open did
little to dampen sentiment. Kospi is playing catch up after being shut for holidays. The market is currently trading near three-
week lows. China's Shanghai Composite index opened up 0.7 percent, in line with the recovery region-wide. The Shanghai
Composite index traded at 0.28% to 3046.58, Hang Seng index traded at 0.90 % to 20743.87., Japan's benchmark Nikkei 225
index traded at 1.81% to 17243.21, South Korea's Kospi index down by –0.47 % to 1933.85 levels. The SGX Nifty suggests a
positive opening for our markets as it is trading at 7885.50, up by 34.50 points.
2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
30th Sept 2015
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr.No Deal Date SecurityCode SecurityName Client Name Deal Type Quantity Price
1 29/09/2015 530723 ASITCFIN CHARU SHIRISH SHAH B 171000 49.50
2 29/09/2015 530723 ASITCFIN KETAN JAYANTILAL KARANI S 171000 49.50
3 29/09/2015 512301 CHMBBRW NARENDRABHAI SHIVABHAI PARMAR S 100000 14.61
4 29/09/2015 512301 CHMBBRW NARENDRABHAI SHIVABHAI PARMAR B 100000 14.61
5 29/09/2015 512301 CHMBBRW DIPIKA BHAGVANJI VAGHELA S 100000 14.61
6 29/09/2015 512301 CHMBBRW DIPIKA BHAGVANJI VAGHELA B 100000 14.63
7 29/09/2015 533470 RUSHIL GKN SECURITIES S 96603 189.50
8 29/09/2015 533470 RUSHIL GKN SECURITIES B 96603 190.20
9 29/09/2015 537068 SATYA ANAAMMERCHANTS PRIVATE LIMITED S 60000 21.81
10 29/09/2015 537068 SATYA RAJENDRA N SHAH B 32400 21.86
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Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Ritesh Patel Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
30th Sept 2015
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity Broking Pvt
Ltd., ou=Research Dept.,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2015.09.30 08:35:35 +05'30'
