22nd FEB 2016

Husains

MARKET WRAP
The Sensex ended up 59.93 points or 0.2 percent at 23709.15 and the Nifty was up
19 points or 0.3 percent at 7210.75. About 1298 shares have advanced, 1200 shares
declined, and 148 shares are unchanged.
SBI, Hero, Bajaj Auto, NTPC and Bharti Airtel were top gainers while Maruti, BHEL,
Coal India, Axis Bank and Dr Reddy's were losers in the Sensex .

BROAD MARKET INDICES

INDEX

P. CLOSE

NIFTY 50

7,191.75

7,170.55

7,226.85

7,145.95

7,210.75

0.26

NIFTY NEXT 50

17,323.95

17,293.80

17,354.15

17,192.95

17,334.75

6.92

NIFTY100 LIQ15

2,651.85

2,661.05

2,703.45

2,649.60

2,694.80

0.73

NIFTY MIDCAP 50

2,797.65

2,786.85

2,817.60

2,777.35

2,807.10

0.34

Contact No. +91-903-977-7700

OPEN

HIGH

LOW

CLOSE

%CHANGE

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ASIAN INDEXES
INDEX

OPEN

HIGH

LOW

CLOSE

%CHANGE

NIKKEI 225

16,050.40

16,050.46

15,799.35

15,967.17

-1.44%

HANG SENG

19,238.43

19,342.03

19,210.65

19,285.50

-0.40%

TAIWAN

8,291.83

8,325.04

8,280.39

8,325.04

0.12%

SSE

2,854.90

2,872.72

2,840.49

2,861.38

-0.05%

INDIAN MAJOR SECTORAL INDICES

INDEX

P. CLOSE

OPEN

HIGH

LOW

NIFTY BANK

14,298.15

14,243.45

14,395.85

14,207.35

14,344.20

0.32

NIFTY FIN SERVICE

5,950.15

5,930.00

5,969.45

5,903.60

5,954.20

0.62

NIFTY PHARMA

11,371.35

11,367.90

11,381.00

11,250.55

11,341.65

-0.26

NIFTY IT

10,702.25

10,670.75

10,791.05

10,649.75

10,768.90

0.07

Contact No. +91-903-977-7700

CURRENT %CHANGE

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STOCK UPDATE
RBI inaction early on to blame for current NPA
mess: Ex-SBI boss
He problem of non-performing assets in public sector banks has grown to an
alarming level mainly because of the lack of pro-active measures from the RBI in the
initial stages, ex-SBI Chairman Pratip Chaudhuri tells CNBC-TV18.
He says the RBI should have introduced a uniform provisioning standard long back
when it saw that some banks were treating a loan as NPA while some other banks
were treating the same loan as a performing asset.
"RBI should have moved towards uniform provisioning across banks 2-3 years back,"
Chaudhuri says.
"Most of the accounts are in consortium; there are multiple lenders. So how can the
same loan be standard in one place and sub-standard in the other," he says.

Contact No. +91-903-977-7700

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STOCK UPDATE
Tata Steel in talks to sell European long pdts
biz for Rs 3K cr
Tata Steel is planning to undergo a massive consolidation and debt reduction drive
to bring it down by 10-15 percent by CY16-end. The company is currently sitting on a
debt of Rs 77500 crore.
Tata Steel has been looking to divest stake in foreign operations for a while now. It is
planning to sell its long products business in Europe for Rs 3000 crore. At the same
time, sources say the company is reviewing other European operations in a bid to
identify non-performing assets and sell the same.
Tata Steel is also in exploratory talks to identify parts of South Asia long products
business to sell.
Reacting to this news, Chintan Mehta of Sunidhi Securities says that Tata steel has to
sell its non-performing assets (NPAs) and other investments in order to reduce its
debt.

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RECOMMENDED
CENTURYTEXT :-

CASH CALL BUY CENTURYTEXT AT 455 TGT 463/471 SL 447.

THE CENTURYTEXT IS CURRENTLY IN THE SUPPORT LEVEL IS A GOOD REASON FOR BUY THIS
STOCK ANT IT MAKING THE TRANGAL, AND GOING TO GIVE THE BRACKOUT OF TRANGAL SO
WE RECOMMENDE YOU TO BUY THIS STOCK.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

RECOMMENDED
PIDILITIND:-

CASH CALL BUY PIDILITIND 630 TGT 642/654 SL 618.

THE STOCK IS IN THE UPTREND IN DAILY CHART AND GIVING THE RESISTANCE BREAKOUT IN
DAILY CHART AND ALSO CROSSING THE 200 SMA SO WE RECOMMEND YOU TO BUY PIDILITIND
AT THE LEVEL OF 632.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com