TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 7664.35/16145.85. According to technical analysis if Nifty

futures and Bank Nifty future moves down-word in tomorrow treading session then 7648 will be small support for

Nifty futures and 16031will be small support for Bank Nifty futures. If it break this level then then Nifty futures

can go down to 7564 level and Bank Nifty futures can touch 15745 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 7732 for Nifty futures

and 16317 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures

on 7950 and 17043 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )NIFTY

DAILY R2 R1 PP S1 S28202 7866 7698 7531 7195

WEEKLY R2 R1 PP S1 S29096 8224 7788 7352 6479

MONTHLY R2 R1 PP S1 S29149 8307 7845 7272 6293

BANK NIFTY

DAILY R2 R1 PP S1 S217902 16757 16184 15611 14466

WEEKLY R2 R1 PP S1 S221036 18010 16497 14984 11958

MONTHLY R2 R1 PP S1 S221132 18179 16532 14768 11712

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 8170 8355 8311 8453

BANK NIFTY 17723 18300 18175 18553

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 8114 8660 890

BANK NIFTY 18366 19252 20750

NSE EQUITY DAILY LEVELS

COMPANY NAME R3 R2 R1 PP S1 S2 S3

ACC EQ 1489 1423 1382 1357 1316 1292 1228ALBK EQ 85 81 78 77 74 72 67AMBUJACEM EQ 230 221 216 213 211 206 196ASIAN PAINT EQ 873 741 727 809 795 777 731AXISBANK EQ 512 491 479 471 458 450 427BAJAJ-AUTO EQ 2311 2259 2231 2207 2180 2155 2087BANKBARODA EQ 191 181 177 171 167 161 152BANKINDIA EQ 142 135 132 129 125 122 116BHEL EQ 218 212 209 206 203 200 195BHARTIARTL EQ 369 358 354 348 343 337 326CIPLA EQ 725 691 670 658 637 625 597COALINDIA EQ 366 355 351 344 341 334 324DLF EQ 134 125 120 116 111 106 97DRREDDY EQ 4443 4628 4161 4093 3986 3918 3832GAIL EQ 316 301 290 285 275 269 254GRASIM EQ 3571 3471 3419 3371 3319 3271 3189HCLTECH EQ 1004 975 958 947 930 919 895HDFC EQ 1210 1177 1159 1145 1127 1113 1083HDFCBANK EQ 1046 1020 1008 994 982 968 944HEROMOTOCO EQ 2424 2359 2324 2295 2260 2230 2179HINDALCO EQ 81 78 76 74 72 71 68HINDUNILVR EQ 866 848 839 831 821 813 798ICICIBANK EQ 280 269 263 259 253 248 239ITC EQ 330 323 319 317 312 310 304INDUSIND BANK EQ 885 859 850 833 824 807 783INFY EQ 1171 1127 1100 1083 1056 1039 1002JINDALSTEL EQ 916 868 843 819 795 771 739KOTAKBANK EQ 666 637 621 608 592 578 559LT EQ 1628 1584 1559 1539 1514 1494 1457M&M EQ 1197 1156 1131 1116 1090 1075 1042MRF EQ 42185 40584 39517 38983 37916 37382 37112MARUTI EQ 4258 4170 4112 4081 4024 3993 3922ONGC EQ 249 238 232 226 220 215 209ORIENTBANK EQ 139 132 128 125 121 118 111RCOM EQ 63 61 59 58 56 55 54RELCAPITAL EQ 357 337 330 317 310 297 281RELIANCE EQ 885 861 848 836 823 812 796RELINFRA EQ 361 344 332 326 315 308 296RPOWER EQ 41 38 37 36 34 33 31SBIN EQ 242 234 229 226 222 219 213SSLT( VEDL) EQ 104 99 96 94 91 89 86SUNPHARMA EQ 941 904 880 866 843 829 793TATAMOTORS EQ 352 338 330 323 315 308 292TATAPOWER EQ 65 61 58 57 55 53 49TATASTEEL EQ 245 233 226 221 214 209 196UNIONBANK EQ 172 164 160 156 152 148 142

TOP 15 ACHIEVERS // TOP 15 LOOSERS

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

1. ZEEL FUTURE : - ZEEL FUTURE OPEN AT 371.95 AND CLOSE AT 363 MADE HIGH OF 374.85

AND LOW 361.20. TODAYS MOVEMENT OF ZEEL IS IN BEARISH TREND IN CONTINUE IN

BEARISH TREND BELOW ITS LOW OF 361.20 WE CAN MADE POSTION BELOW THIS LEVEL

IF NIFTY MOVEMENT IS IN DOWNTREND.

2. SBIN FUTURE - SBIN OPEN AT 231.95 CLOSE AT 224.90 AND MADE HIGH OF 232.35 AND

LOW OF 224.10 . 224 IS STRONG SUPPORT LEVEL.IT CONTINUE IN BEARISH TREND BELOW

224 LEVEL IF BANK NIFTY MOVEMENT IS IN BEARISH TREND.

3. RECLTD FUTURE - RECLTD OPEN AT 248.20 AND CLOSE AT 235.60 MADE LOW OF 234.05

AND HIGH OF 249.15.TODAYS RECLTD MOVMENT IS IN BEARISH TREND.DAILY MOVEMNT

OF RECLTD IS ALSO IS IN BEARISH TREND.IT CONTINUE IN ITS BEARISH TREND BELOW

THE LEVEL OF 234 WE CAN MADE SHORT POSTION FOR THE WEEK IF NIFTY MOVEMENT

IS IN BEARISH TREND.

SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

1 GLENMARK PHARMA 1197 1026 -14.27

2 BHEL 240.15 206.20 -14.14

3FINANCIAL TECH. 116.20 100.10 -13.86

4 AMARA RAJA BATT.

1056.90 948 -10.30

5CENTURY PLY 156.65 140.85 -10.09

6 BHARAT RASAYAN 987.85 894.20 -9.48

7ALSTOM INDIA 685.65 622.10 -9.27

8 CESC LTD 537.45 489.55 -8.91

9 CENTURY TEXTILES 552.05 503.75 -8.75

10 MAHI. & MAHI. 1215.50 1110.60 -8.63

11SBI 245.70 225.15 -8.36

12 PUN, NATIONAL BANK

142.40 130.75 -8.18

13CANARA BANK 278.60 256.65 -7.87

14 UNION BANK 170.15 156.85 -7.82

15 ALLAHABAD BANK 82.95 76.50 -7.78

SR.NO SCRIPT NAME PREVCLOSE

CMP % CHANGE

1UNITED NILGIRI TEA 251.90 353.95

+40.51

2 ALPHA GEO 298.75 390 +30.54

3DINDAL DRILLING 117.95 147.55

+25.10

4 SUN TV 325.65 390.20 +19.82

5TVS ELECTRONICS 95.55 113.10

+18.37

6 ESSSAR OIL 161.85 191.50 +18.32

7PC JEWELLER 326.65 385.65

+18.06

8 UNICHEM LABS 247.65 283.50 +14.45

9CAIRN INDIA 129.75 146.80

+13.14

10 ESCORT LTD 144.60 163.50 +13.07

11BALRAMPUR CHINI 39.80 44.95

+12.94

12 RCOM LTD 52.30 58.55 +11.95

13CENTRAL BANK 63.85 69.95

+9.55

14 RELCAPITAL 294.50 321.85 +9.29

15VEDANTA 85.55 93.25

+9.00

4. ASHOKLEYLAND - ASHOKLEYLAND OPEN AT 89 AND CLOSE AT 85.25 MADE LOW OF 84.25

AND HIGH OF 89.05.TODAYS MOVEMENT OF ASHOKLEYLAND IS IN DOWNTREND

OVERALL WEEKLY MOVEMNT OF ASHOKLEYLAND IS IN BEARISH MOVEMNET IT

CONTINUE IN BEARISH TREND BELOW THE LEVEL OF 84 WE CAN MADE SHORT POSTION

IN IT IF NIFTY MOVEMNET IS IN BEARSIH TREND.

5. ACC FUTURE - ACC OPEN AT 1408.40 AND CLOSE AT 1351.10 MADE LOW OF 1336.05 AND

HIGH OF 1408.40 TODAYS MOVEMNT OF ACC IS IN BEARISH TREND.OVERALL DAILY

MOVEMENT OF ACC IS IN BEARISH MOVEMNT IT CONTINUE IN BEARISH TREND BELOW

THE LEVEL OF 1336 WE CAN MADE SHORT POSTION BELOW THIS LEVEL IF NIFTY

MOVEMNET IS IN DOWNTREND,

6. AMBUJACEM - ON DAILY CHART IF AMBUJACEM BREAKS THE SUPPORT OF 210/208

TGEN IT MAY CORRECT UPTO 203/200.

7. ALBK - IF ALBK BREAKS 75 LEVEL ON DAILY CHARTS THEN IT MAY CORRECT UPTO 72

THIS WEEK.

8. PNB - IF PNB BREAKS THE 133 LEVEL ON DAILY CHART THEN IT CAN SHOW UPWARD

MOMENTUM UPTO THE LEVELS OF 137/141.

9. DELTACORP - IF DELTACORP BREAKS 74 LEVEL ON DAILY CHART THEN IT MAY CORRECT

UPTO 70 THIS WEEK.

10. CAIRN - CAIRN CAN SHOW UPWARD MOMENTUM UPTO 153/157 IF IT CLOSES ABOVE

148/150 LEVEL ON DAILY CHARTS.

CURRENCY MARKET

EURINR R2 R1 PP S1 S2

DAILY 76.10 74.85 74.25 73.60 72.40

WEEKLY R2 R1 PP S1 S279.55 76.25 74.60 72.90 69.60

MONTHLY R2 R1 PP S1 S279.55 76.25 74.60 72.90 69.60

JPYINR R2 R1 PP S1 S2

DAILY 57.85 56.55 55.90 55.25 53.90

WEEKLY R2 R1 PP S1 S259.40 56.90 55.70 54.45 52.00

MONTHLY R2 R1 PP S1 S2 59.40 56.90 55.70 54.45 52.00

USDINR R2 R1 PP S1 S2

DAILY 67.80 67.05 66.65 66.30 65.50

WEEKLY R2 R1 PP S1 S268.00 67.10 66.70 66.25 65.40

MONTHLY R2 R1 PP S1 S268.00 67.10 66.70 66.25 65.40

GBPINR R2 R1 PP S1 S2

DAILY 103.35 102.15 101.55 100.95 99.75

WEEKLY R2 R1 PP S1 S2107.45 103.80 101.95 100.15 96.50

MONTHLY R2 R1 PP S1 S2107.45 103.80 101.95 100.15 96.50

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

GE, Alstom eye Bihar railway loco projects: Report - Two global majors GE andAlstom have reportedly emerged as winners in the race to set up two manufacturing units for

diesel and electric railway locomotives, respectively in Bihar. The two manufacturing units for

railway locomotives will attract an investment of Rs 42,000 crore in the state. The projects

have been delayed by ~10 years now, but the Railway is confident of awarding them by the end

of September, a senior Railway Board executive has told a financial newspaper. The projects

were first announced in 2006 by the then Railway Minister Lalu Prasad Yadav. The two

projects are being set up under the public-private partnership (PPP) model with the Railways

owning 26% stake and the private developer controlling the balance 76%. Meanwhile, media

reports indicate that GE Chairman Jeffrey Immelt is likely to meet Prime Minister Narendra

Modi and announce a plan to manufacture locally during his upcoming two-day India visit.

Bharti Airtel selects Ericsson to expand 3G Network in India - Bharti Airtel, Indiasleading telecom services provider has further strengthened its partnership with Ericsson by

signing a four-year agreement to expand 3G WCDMA network across eight telecom circles in

India. The new agreement includes rollout of 3G services in both UMTS 2100 MHZ and

UMTS 900MHz band. As part of the contract, Ericsson will supply, install and perform manage

services for WCDMA Radio Access Networks . Ericsson will provide its multi-standard radio

equipment from the Ericsson RBS 6000 base station family for macro and small cells. This will

enable energy-efficient and cost-effective operations while allowing the operator to meet

growing demands of better and faster mobile internet connectivity for the end-users.

Abhay Savargaonkar, CTO Bharti Airtel says: With the growing number of smartphones, our

customers are increasingly demanding ubiquitous network performance and superior user

experience. This investment in 3G network is in line with Airtels constant focus on building a

world-class, next-generation smartphone network for its customers. Refarming of 900MHz

spectrum in 3 circles to 3G is aimed at providing additional capacity and better indoor

coverage. By partnering with Ericsson, we look forward to leveraging Ericssons experience to

address the growing demands of our 3G subscribers, providing them with high-quality data

experience at all times.

Paolo Colella, Head of Region India, Ericsson says: Consumers in India are rapidly embracing

smartphones and mobile internet as a source of information and entertainment. By expanding

Bharti Airtels 3G WCDMA network, we will help them address the growing demand for

superior data services in India.

As per the India appendix of the Ericsson Mobility Report released in June 2015,

WCDMA/HSPA subscriptions are expected to increase from over 120 million in 2014 to

around 620 million by 2020, as the proportion of WCDMA /HSPA subscriptions in the total

subscription base increases from 13 per cent to 45 per cent .The total number of mobile

subscriptions in India is expected to increase to approximately 1.4 Billion by 2020, resulting in

a population penetration of 100 per cent.

IRB Infra arm inks pact with NHAI for Rs. 2,650 crore road project - IRB InfrastructureDevelopers Ltd has announced that AE Tollway Private Limited - Wholly-owned Subsidiary of

the Company, has now executed Concession Agreement with NHAI for the project of Six

Laning of Agra-Etawah Bypass section of NH-2 (from km 199.660 to km 323.525) in the State

of Uttar Pradesh under NHDP Phase-V on BOT (Toll) mode.

Key highlights of the Project are as under:

The Project is on DBFOT Pattern

The estimated project cost of the company is approximately Rs. 2,650 crores

The concession period of the project is 24 years

Construction period is 910 days.

The Company will get tolling rights on Agra - Etawah Bypass section of NH-2 from the

Appointed Date

The Company has offered premium of Rs. 81 Crores to NHAI, which will increase by 5% YoY.

With this Project, IRB has expanded its base in 8th state viz. Uttar Pradesh.

UTI Mutual Fund launches FTIF Series XXIII-I - UTI MF has introduced the UTI FTIFSeries XXIII-I, a close ended income scheme. The NFO opens for subscription on September

03, 2015 and closes on September 10, 2015. No entry load and exit load will be applicable for

the scheme. The minimum subscription amount is Rs 5000. The schemes main investment

objective is to generate returns by investing in portfolio of fixed income securities maturing on

or before the date of maturity of the scheme.

Sun Pharma clarifies on drug recall - The Exchange had sought clarification from SunPharmaceutical Industries Ltd with respect to news article appearing in Mint on August 31,

2015 titled "Sun, Wockhardt recall drugs from US" Sun Pharmaceutical Industries Ltd clarified

that it is the voluntary recall initiated by our Company for certain stated medicines. We further

state that it has no/would have no material impact on Company's performance, operations or

revenues.

HCL signs 3-yr deal with Manchester United - The tech operations of HCL Technologieswill now be handled at football club Manchester United since the company has secured a

three-year contract which will enable Indian IT company create an innovation lab at Old

Trafford. Manchester United and HCL Technologies will both invest in the deal, details of

which weren't disclosed, as per the report. The deal has been pegged at $30 million as per the

report. HCL Technologies is the first Indian company to sign up with a sporting franchise as of

now, stated the report. We have 659 million fans, and we interact with 100 million of them

digitally. I think that ManU is unique in that scale, not to sound immodest," Richard Arnold,

group managing director of Manchester United said in an interview to ET. "So we required an

industrial-level solution (and) that is what we found HCL could bring. The lab would

showcase innovation in digital technology and create a platform to interact with fans. The

partnership is mutually beneficial for Manchester United and all forward-looking companies,

said the companys chief executive officer Anant Gupta, as mentioned in the report. Besides

providing a platform for HCL Technologies, the data and insights which the company will

receive via the partnership could be used to leverage for the firms other clients, as per

Krishnan Chatterjee, senior vice president, HCL Technologies.

TCS gains after board approves merger with CM - Shares of TCS Ltd were tradinghigher 2.6% at Rs. 1,712 on BSE today. According to media reports, Bombay HC approved

merger with CMC. On Tuesday, the IT Company announced the inauguration of a Japan-centric

Delivery Center (JDC), located within TCS Sahyadri Park in Pune. The stock opened at Rs.

2,560 as against the previous close of Rs. 2,539 on BSE. It has hit a high of Rs. 2,619 and a low

of Rs. 2,547 on BSE today.

Total traded quantity on the counter stood at over 0.33 lk shares on BSE.

Godrej Properties climbs 2% on project launch - Shares of Godrej Properties Ltd ended 2%higher to Rs. 299 after the company announced the launch of its residential township project,

Godrej Prana, in Pune. Spread across 31 acres, the first phase of the project comprises of a total

saleable area of approximately 65,000 sq. mt. This project is strategically located in Undri and

offers excellent connectivity to Pune railway station, Nagar road, Pune-Kolhapur Highway, IT

hubs and the city center. It is in close proximity to major urban areas like NIBM, Hadapsar and

M.G. Road. The stock hit a high of Rs.300 and a low of Rs.295 on BSE today. Total traded

quantity on the counter stood at over 0.30 lk shares on BSE.

Telangana to spend Rs. 81,000 cr on irrigation projects - Telangana government said onWednesday that it will spend Rs. 81,000 crore in the next three years to complete pending

irrigation projects and take up two new projects to lift water from the Godavari and Krishna

rivers. We have completed the process of redesigning of all existing projects irrigation in

Telangana, to benefit the state as much as possible, Telangana chief minister K. Chandrasekhar

Rao said. Rao said that his government will come out with a new irrigation policy in the

coming days. He also announced an allocation of Rs. 3,900 crore to build 60,000 housing units

for people living below the poverty line. The Telangana government added that it will allocate

Rs. 2,631 crore to the Greater Hyderabad Municipal Corporation to build multi-level flyovers

to ease the traffic problem of Hyderabad city.

ICICI Prudential MF launches Fixed Maturity Plan-Series 77-1144 Days Plan T - ICICIPrudential Mutual Fund has introduced the ICICI Prudential Fixed Maturity Plan-Series

77-1144 Days Plan T, a close ended income scheme. The NFO opens for subscription on

September 01, 2015 and closes on September 07, 2015. No entry load and exit load will be

applicable for the scheme. The minimum subscription amount is Rs 5000. The schemes

performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund

managers are Rahul Goswami and Rohan Maru. The schemes main investment objective is to

generate income by investing in a portfolio of fixed income securities/debt instruments

maturing on or before the maturity of the Scheme.

Tata Motors sales for August 2015 at 40,680 units - Tata Motors continued to witnessstrong year-on-year growth in certain key segments in August 2015, with passenger cars,

M&HCV and Exports, growing by 19%, 31% and 16%, respectively.Total sale of Tata Motors

passenger and commercial vehicles were flat at 40,680 vehicles sold in August 2015, over

40,883 vehicles sold in August 2014. The domestic sale of Tata commercial and passenger

vehicles for August 2015 were at 35,478 nos., a decline of 3% over 36,403 vehicles sold in

August 2014. Cumulative sales for the fiscal at 1,97,344 nos., higher by 4% over 1,90,516

vehicles, sold last year.

Passenger Vehicles - In August 2015, Tata Motors passenger vehicles recorded ayear-on-year growth of 2%, with sales of 11,194 nos., compared to 10,975 nos.The growth

trend was driven by the cars segment, specifically the new launches. The sale of the passenger

cars in August 2015 were higher by 19% at 9,814 nos., compared to 8,229 nos.,in August 2014.

UV sales declined by 50% at 1,380 nos., in August 2015. Cumulative sales of all passenger

vehicles in the domestic market for the fiscal are 53,232 nos.,higher by 19% over last year.

Commercial Vehicles - In commercial vehicles, M&HCV sales continued to grow at 12,017nos., higher by 31%, over August 2014. The Light & Small Commercial Vehicle sales however

continued to reflect industry decline and were at 12,267 nos., a decline of 25% over August

2014. These impacted the overall commercial vehicles sales for Tata Motors in the domestic

market, that were at 24,284 nos. in August 2015, a decline of 4% over August 2014.

Vascon Engineers raises Rs. 100 crore via rights Issue - Real estate developer andengineering firm Vascon Engineers is reportedly planning to raise Rs. 200 crore through rights

issue and sale of non-core assets to cut down on its debt burden. The rights issue was

subscribed over 130%. The promoters of the company infused Rs. 60 crores through this issue.

Honda Cars registers monthly domestic sales of 15,655 units - Honda Cars India Ltd.,leading manufacturer of premium cars in India, registered monthly domestic sales of 15,655

units in August 2015 against 16,758 units in the corresponding month last year. The company

registered a cumulative domestic sales of 78,708 units in the period April-August 2015 against

73,185 units for the corresponding period last year marking a growth of 7.5%. HCIL also

exported a total of 585 units during August 2015. Honda Cars India Ltd., leading manufacturer

of passenger cars in India was established in December 1995 with a commitment to provide

Hondas latest passenger car models and technologies, to the Indian customers. HCIL has two

state-of-the-art manufacturing facilities at Greater Noida, U.P and Tapukara, Distt. Alwar,

Rajasthan.

Telephone subscribers reach 100.69 crore in June 2015 - The total telephone subscribersin the country have reached 100.69 crore (1006.96 million) at the end of June, according to the

TRAI press release published today. The wireless subscribers have increased by 5.02 million to

980.81 million while wireline subscribers have declined by 0.12 million to 26.15 million. The

number of telephone subscribers in India increased from 1,002.05 million at the end of May-15

to 1,006.96 million at the end of Jun-15.As on 30th June, 2015, the private access service

providers held 91.75% market share of the wireless subscribers whereas BSNL and MTNL, the

two PSUs access service providers, held only 8.25% market share. In the month of June, 2015,

3.68 million subscribers submitted their requests for Mobile Number Portability. With this, the

cumulative MNP requests increased from 160.25 million at the end of May, 2015 to 163.93

million at the end of June, 2015. Number of active wireless subscribers in June, 2015 was

881.09 million. At the end of June, the wireless base of Airtel stood at 23.06 crore, Vodafone at

18.53 crore, Idea at 16.20 crore, Reliance at 10.99 crore, Tata at 6.15 crore, Aircel at 8.30 crore,

Uninor at 4.81 crore, Sistema Shyam Teleservices at 86.96 lakh and Videocon at 76.10

lakh.West Bengal service area recorded the highest growth rate in wireless subscribers during

the month of Jun-15, whereas U.P.(E), J&K and Tamilnadu service areas showed decline in

subscriber base during the month.

Punj Lloyd plans to expand defence facility: Atul Punj - Punj Lloyd is planning toexpand Gwalior facility, according to reports. "We will be adding on new facilities in other

states as well. Rajasthan, Karnataka, Andhra Pradesh are the options," Punj Lloyd Group

Chairman Atul Punj said. Report says that the group is also planning to investment in the

range of up to Rs 2,000 crore depending on the opportunity.

DoubleLine Capital launches commodity mutual fund - DoubleLine Capital, the

investment firm overseen by Jeffrey Gundlach, introduced a new mutual fund to provide

investors exposure to commodities markets and help them diversify. The DoubleLine Strategic

Commodity fund proposed to seek long-term total return through short and long exposures to

commodity-related investments, including through the use of derivatives and leverage. Jeffrey

Sherman, portfolio manager said, "A broad mix of commodities historically has shown low

correlations to stocks, bonds and cash. So commodities can diversify a portfolio invested in

traditional asset classes." He also added that in addition, commodities can serve as a hedge

against unexpected inflation. The fund includes two share classes; Class I shares will have a

minimum $100,000 initial investment for regular accounts and a 1.11% expense ratio, while

Class N shares will have a minimum $2,000 initial investment and a 1.36% ratio, after fee

waivers or expense reimbursements.

Mahindra Tractors sells 10,751 units in India during August 2015 - Mahindra &Mahindra Ltd.s Farm Equipment Sector , a part of the USD 16.9 billion Mahindra Group,

today announced its sales numbers for August 2015. Domestic sales in August 2015 stood at

10,751 units, as against 13,733 units during August 2014. Total tractor sales during August

2015 stood at 11,699 units, as against 15,006 units for the same period last year. Exports for the

month stood at 948 units. Commenting on the months performance, Rajesh Jejurikar, President

& Chief Executive - Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd.

said, We sold 10,751 tractors in the domestic market during August 2015. While monsoon has

reported 12% deficient so far, we are hopeful that improved rainfall in the remaining period

would infuse positive sentiment for the coming season. In export markets, we sold 948

tractors.

FII selling in August hits record at US$2.5bn - The month of August saw record highselling of Indian equities by the FIIs, as mounting concerns over China prompted overseas

investors to reduce exposure to risky Emerging Markets, including India. FIIs sold Indian

shares worth Rs. 168.77bn in August, more than the previous monthly record of Rs. 153.47bn

in October 2008, according to data from National Securities Depository Limited.Despite heavy

selling in August, FIIs remain net buyers in Indian shares at Rs. 275.2bn so far this year.

Top Economy news

Indian companies have raised over Rs8bn through retail issuance of non-convertible debentures

so far in the current fiscal, down 80 per cent from a year ago. In comparison, Rs.40bn was

mobilized through 11 such issuance in the year-ago period, latest data from SEBI showed.

Non-food credit of scheduled commercial banks decelerated to 8.4% in July as against a growth

of 12.6% in the same period last year, RBI data showed.

The railways have finally identified the projects that will be funded by the Rs 1.5 tn loan that

Life Insurance Corporation has extended to the cash-strapped organization for the next five

years.

The number of Internet users in India rose 32% last year, to reach 302 mn, according to the

Internet and Mobile Association of India, which includes members such as Google, Microsoft,

eBay, IBM, Flipkart, Ola Cabs and LinkedIn.

To take ahead the 'Make in India' campaign, a new Automotive Mission Plan 2026 has been

decided by the automative industry and the government. Creating a strong rock for the

automobile industry for next decades SIAM and government, plans to keep it along with global

standards rising n value to over 12 percent of Indias GDP and generating an additional 65

million jobs.

Expressing concerns over the outflow of funds from developing countries, including India,

through money laundering and other ways, Minister of State for Finance Jayant Sinha today

said as much as USD 300-600 billion moves out through such channels.

About 30-40 lakh tonnes of onions get wasted every year due to inadequate storage facilities in

the country, a senior Commerce Ministry official today said while pitching for private

investments in such units.

As a nationwide strike of trade unions hit banking and other services today, business chambers

today pegged the loss to the economy at a staggering Rs 25,000 crore and said such

"disruptive" actions can hit India's image as an attractive business destination.

The Indian economy is clearly recovering -- not slowing down -- and is on course to record

close to 8 per cent growth this fiscal, Arvind Subramanian, Chief Economic Advisor in the

Finance Ministry, has said.

A cyclical recovery is under way for the Indian economy, and the countrys GDP growth is

expected to improve to 7.8 per cent this fiscal from 7.3 per cent in 2014-15, a Nomura report

says.

India ranks among the top five sovereign debt issuers from the emerging economies after

China, said Moodys Investors Service. The top five largest sovereign EM debt issuers, as of

end-2014, were China (with USD 3.5 trillion total sovereign debt outstanding), India (USD 1.3

trillion), Brazil (USD 1.2 trillion), Mexico (USD 387.5 billion) and Turkey (USD 265.5

billion), it said in a report.

The food safety regulator, FSSAI, has done away with process of product approvals in line with

a recent Supreme Court order and now plans to reintroduce the procedure through regulations.

Petroleum Minister Dharmendra Pradhan said the government would soon finalise a formula to

calculate premium on gas pricing for difficult blocks.

India's dependence on imports to meet its oil needs is expected to touch 90% in next two

decades and the country needs to diversify its energy basket through use of alternative fuels, an

India Tech-PwC report has said.

The roads, transport and highway ministry has fasttracked a Rs 51bn project to build 225

over-bridges on major railway level crossings, which account for 40% of all train accidents and

66% of fatalities.

Indian economy grew at 7% in the first quarter of FY16, well below 7.5% growth recorded in

the previous quarter and consensus estimate of 7.4%. The data shows growth was pulled down

by agriculture, moderate rise in electricity generation, and lower government spending.

Marking first major FDI offer in the railways, three global companies have submitted financial

bids for setting up of a modern electrical locomotive factory in Madhepura in Bihar at the cost

of nearly Rs 13bn.

The Punjab government said it has received bids from as many as 18 companies for setting up

solar projects in the state which will attract investment of Rs 35bn.

The government is in the process of framing regulations for exploration and mining in offshore

blocks, which contain minerals such as zirconium, titanium, thorium, tungsten and rare earth

elements.

Marking a key step in the NDA government's infrastructure push, Minister of UrbanDevelopment Venkaiah Naidu announced the list of ninety eight smart cities that the

government has shortlisted. While Uttar Pradesh has bagged the maximum number of smart

cities projects at 13, Tamil Nadu has got 12 and Maharashtra 10. Madhya Pradesh will have

seven smart cities and Gujarat and Karnataka will have six each.

The talks between the five-member Ministerial panel, headed by Finance Minister Arun Jaitley,and leaders of central trade unions, remained inconclusive with the unions firm on their

decision on a country-wide strike on September 2. Trade unions, which are protesting

anti-labour changes in certain key laws, against disinvestment in PSUs and FDI in Railways,

Defence, contractorisation of labour, among other things

Top Corporate News

Singapore wealth fund GIC will invest about Rs 19.9bn in a new joint venture with real estate

developer DLF that will build two projects in the Indian capital New Delhi, the two firms said

in a joint statement.

The day-long nationwide strike called by 10 central trade unions crippled iron ore production of

state-owned NMDC by nearly 75,000 tonnes across all its mines, a senior official of the PSU

said.

The government will auction 69 idle oil and gas fields of state-owned ONGC and Oil India to

private firms on a new revenue sharing model and liberalised terms including pricing and

marketing freedom.

HCL Technologies has won a contract to transform the operations of UK football club

Manchester United, a deal that will see the Indian IT player create an innovation lab in the

iconic Old Trafford Stadium.

Mahindra & Mahindra is working to expand presence of Peugeot Motocycles, in which it had

acquired a majority stake, beyond Europe by entering markets like North Africa and Vietnam.

Ratings agency Fitch has downgraded viability rating of state-owned Punjab National Bank

by a notch while affirming ratings on nine other banks, including SBI and ICICI Bank.

Larsen & Toubro has bagged an order worth Rs 10.7bn to build tracks for the Riyadh metro

project in Saudi Arabia, the engineering major said.

Inox Wind said it has bagged an order for a 100 MW wind power project at Lahori in Madhya

Pradesh from Ostro Energy.

Maruti Suzuki launched its first hybrid vehicle by upgrading the diesel Ciaz with hybrid

features at a price cheaper by up to Rs 20,500 than the existing diesel variant that is being

phased out.

Welspun Corp said its shareholders have approved borrowing up to Rs 5bn through issuance

of securities.

Reliance Communications said it is in talks with several state governments to bag smart gridand smart city projects as it sees business from cloud offerings and internet of things underenterprise segment to touch about a fifth of its revenue in next five years. The company has tied

up with US-based Jasper, which provides software for connected machines, IoT though thenetwork of 120 telecom operators globally, to offer its services in India.

Aurobindo Pharma Limited announced that the company has received the final approvalfrom the US Food & Drug Administration to manufacture and market Entecavir Tablets, 0.5mgand 1mg.

Sun Pharmaceuticals has completed the acquisition of GSK's opiates manufacturing facilitiesin Australia.

Drug firm Lupin has received approval from US health regulator USFDA to market genericOmeprazole delayed-release capsules (40mg), used to treat ulcer, in the American market. Thedrug is also used for healing of erosive esophagitis and pathological hypersecretory conditions.

Auto components maker Bosch inaugurated its new manufacturing plant at Bidadi, nearBangalore, which has come up at an investment of Rs3.4bn. The plant, which has come up onan area of 38,000 sqm, would manufacture products for the diesel systems division.

Vedanta said that collapse in aluminium prices and lack of availability of bauxite from Odishahave forced the conglomerate to opt for a gradual closure of its Lanjigarh facility in the State.

Godrej Consumer Product Ltd said its shareholders have approved a proposal to raise up toRs3bn through issue of nonconvertible debentures on private placement basis. The companyhas said it will raise the fund in one or more tranches during the period of one yearcommencing from the date of passing of this resolution by shareholders.

The countrys largest mortgage lender HDFC has raised Rs20bn through the sale of bonds inorder to boost lending operations and meet its future capital needs. The bonds, which have atenure of five years, attracted a coupon rate of 8.5%. HDFC Bank is the lead arranger of theissue.

Promoters of Astec Lifesciences will sell 45.29% stake in the company to Godrej Agrovet Ltdthat could entail a consideration of Rs 1.7bn.

Infra-sector lender IDFC Ltd said its board has approved raising of up to Rs 800bn by issuingnon-convertible securities on private placement basis to expand business.

Suzlon Energy is planning to invest about Rs 60bn on Indias first offshore windmill project inbay of Kutch in Gujarat.

Muthoot Fincorp has floated a new company - MPG Security Group-to take its"technologically advanced security services through emergency response teams" nationwide.

Bosch inaugurated its new manufacturing plant at Bidadi which has come up at an investmentof Rs 3.4bn.

UltraTech Cement is poised to take its capacity to 71.2mn tonne per annum by March 31 nextyear on the back of ongoing projects as well as recent acquisitions, Chairman KumarMangalam Birla said.

Reliance Jio has rolled out its Jionet high speed Wi-Fi internet service at select locations inBhubaneswar.

Aurobindo Pharma said it has received approval from the US FDA to manufacture and marketits generic version of Eli Lilly's Evista tablets used to treat and prevent osteoporosis inpostmenopausal women.

Sun Pharma is facing a class action suit over the closure of the unit's Caraco facility inMichigan six years ago.

Vodafone India will roll out 4G services from December starting with Mumbai, Delhi,Kolkata, Bengaluru and Kochi, setting the stage for a slugfest with market leaderBhartiAirteland Reliance JioInfocomm.

India's second largest private sector lender, HDFC Bank reduced its base rate or the minimumlending rate by 35 basis points to 9.35% effective from Tuesday.

The government has permitted Reliance Industries to sell up to 120k tonnes of LPG producedat its plants to private cooking gas marketers.

Diversified group Punj Lloyd said it has won a Rs 11bn turnkey contract from Indian OilCorporation Ltd for work related to its Haldia Refinery.

State Bank of India expects its accounts under the Jan Dhan scheme to break even next yeargiven the healthy growth in average deposits in these accounts, while total deposits have morethan doubled to Rs 51bn as of June-end.

In a bid to regain its fading glory in the utility vehicle market, Mahindra & Mahindra haslined up three models for launch over the coming festival months: TUV300, S101 and anupgraded Quanto, codenamed U215.

Larsen & Toubro said it has won a turnkey order for Rs 15bn water supply project from PublicHealth Engineering Department, Ajmer.

FMCG major ITC is set to debut its range of dairy product starting with ghee, which would beavailable in the market by the end of the current quarter, a top company executive said.

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