Kotak Mahindra Bank, ING Vysya Hit Record High on Merger Deal: 10 Facts

Sharemasterindia.com: Kotak Mahindra Bank on Thursday announced a $2.4 billion all-share deal to acquire its smaller peer ING Vysya. Kotak’s takeover of ING Vysya is the first major deal in four years and the transaction is expected to close in the second half of 2015. Shares in the two lenders hit record highs for a second successive session on Friday.
Here are 10 facts to know about the deal:
1) Kotak Bank’s takeover of ING Vysya is the biggest deal in India’s banking sector and will create the country’s fourth largest private sector lender by branch network. The combined banking entity will have 1,214 branches with a widespread network across the country. Most of ING Vysya’s branches are in South India, while Kotak’s branches are concentrated in West and North India.
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BSE Sensex, Nifty Trade Flat; Banking Stocks in Focus

Sharemasterindia.com: Kotak Mahindra Bank on Thursday announced a $2.4 billion all-share deal to acquire its smaller peer ING Vysya. Kotak’s takeover of ING Vysya is the first major deal in four years and the transaction is expected to close in the second half of 2015. Shares in the two lenders hit record highs for a second successive session on Friday.
Here are 10 facts to know about the deal:
1) Kotak Bank’s takeover of ING Vysya is the biggest deal in India’s banking sector and will create the country’s fourth largest private sector lender by branch network. The combined banking entity will have 1,214 branches with a widespread network across the country. Most of ING Vysya’s branches are in South India, while Kotak’s branches are concentrated in West and North India.
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Asia Shares Take Comfort From US Data, Yen Nurses Losses

Tokyo(Sharemasterindia.com): Asian shares took solace from data showing broad US economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the yen nursed its losses after sliding to multiyear lows against the dollar and euro overnight.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up slightly in early trade. It was on track for a weekly loss of over 1 per cent, but was underpinned by record finishes by the Dow Jones industrial average and S&P 500 after a spate of US data added up to a picture of broad economic strength.
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HPCL, BPCL Gain; Citi Raises Target Price

Sharemasterindia.com: Shares in oil marketing companies Bharat Petroleum Corporation and Hindustan Petroleum Corporation gained over 2 per cent on Wednesday.
Citigroup has upgraded Hindustan Petroleum Corp to buy from neutral and has raised price target to Rs 710 from Rs 513.
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L&T, Voltas Gain; BoAML Bullish on Industrials

Sharemasterindia.com: Shares in infrastructure conglomerate Larsen & Toubro (L&T) and Voltas gained over 1 per cent on Wednesday.
Global brokerage major Bank of America Merrill Lynch (BoAML) maintains bullish view on industrials and suggests buy on L&T and Voltas with a target price of Rs 2,133 and Rs 348 respectively. Target price on both the stocks are more than 25 per cent from their current market prices. The brokerage says these stocks are well below their historical peak and could get re-rated further.
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Aurobindo Pharma Promoter Nityananda Reddy Attacked, Shares Choppy

Sharemasterindia.com: Aurobindo Pharma director and vice chairman K Nityananda Reddy was attacked by an unidentified man in the posh Banjara Hills area of Hyderabad today.
Mr Nityananda Reddy escaped unhurt and no one was injured in the firing incident. There have been no arrests so far.
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PSU bank employees go on strike; private banks remain open

NEW DELHI(Sharemasterindia.com):  Employee unions of public sector banks went on a nationwide strike today to press for wage revision, affecting banking services like cheque clearance and withdrawal from branches across the country.
However, branches of private sector banks like ICICI and HDFC remained open. At the same time, most of the ATMs of all banks were functioning normally, as per initial reports.
“Strike is complete and total. This strike has been forced upon us as bank management did not yield to our scaled down demands,” United Forum of Bank Unions (UFBU) Convener M V Murali told PTI.
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Aurobindo Pharma up 4%; US arm highest bidder to buy Natrol

Sharemasterindia.com: Shares of Aurobindo Pharma hit record high at Rs 1,067.60, up 4 percent after its US arm emerged as the highest bidder for acquisition of nutritional supplement maker, Natrol and other affiliate entities under a process to be finally approved by the United States Bankruptcy Court for the District of Delaware.
“Under the auction process, Aurobindo USA emerged as the highest and best bidder with a bid of USD 132.5 million to acquire the assets of Natrol with an agreement to take on certain liabilities,” it said in a statement to the BSE.
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Tata Motors, Mahindra & Mahindra Gain After Price Hike

Sharemasterindia.com: Shares in Tata Motors and Mahindra & Mahindra gained on Wednesday after these companies announced price increase in the range of 1-2 per cent for their products to offset higher input cost.
Tata Motors gained 2.85 per cent to an intraday high of rupee“>Rs. 536.65, while shares in Mahindra & Mahindra gained nearly one per cent to a day high of Rs. 1,272.4 on Wednesday.
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Rupee Trades Flat, Share Gains Offset Broad Dollar Rise

Sharemasterindia.com: The rupee was trading at 61.53 vs Tuesday’s close of 61.55. Shares will be watched for clues on foreign fund flows.
The Nifty rose 0.4 per cent to hit an all-time high at 8,400.
Most Asian currencies were trading weaker versus dollar, while index of the dollar versus six majors was up 0.1 per cent.
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Nifty Hits 8,400 for First Time as Record Rally Continues

Sharemasterindia.com: BSE Sensex and Nifty rose to record highs today, amid a rally in global markets and strong foreign inflows.
The Nifty rose above 8400 for the first time, after rising nearly 40 points. The Sensex gained nearly 190 points to rise to a new high of 28,101.
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Power Grid Shares Fall 2% on Q2 Miss

Sharemasterindia.com: Shares in Power Grid Corporation fell over 2 per cent to a low of rupee“>Rs. 144.5 on Wednesday as the company reported lower-than-estimated earnings for the second quarter of FY15.
The company reported a net profit of Rs. 1,201 crore, down 3 per cent year-on-year on account of higher finance cost. Its revenues grew 9 per cent y-o-y to Rs. 4,178.5 crore.
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Sensex, Nifty Edge Higher to Hover Near Record Highs

Sharemasterindia.com: BSE Sensex and Nifty edged higher today amid positive momentum from the government’s reforms measures, buying from foreign investors and higher global markets.
Asian markets were mostly higher following a record close overnight on Wall Street.
Foreign institutional investors bought Indian equities worth rupee“>Rs. 355 crore on Monday, taking its total to Rs. 9,592 crore from October 29.
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PM Modi With Spade Cleans Assi Ghat in Varanasi

Varanasi:  Prime Minister Narendra Modi’s Clean India campaign segued into the Clean Ganga mission on Saturday morning, when he began work, spade in hand, to clean the river at the Assi Ghat in his constituency Varanasi. As he did at the start of his Swachh Bharat or Clean India mission, PM Modi tagged nine prominent people, among them Uttar Pradesh chief minister Akhilesh Yadav, to take the task forward. Continue Reading

Exceptionally Good Conditions in Place for 10% Growth: Deepak Parekh

Mumbai(Sharemasterindia.com): Bullish over robust fundamentals and improving macroeconomic conditions, industry leader Deepak Parekh on Saturday said India currently has “exceptionally good conditions” in place to aspire for 10 per cent economic growth, but much needs to be done to achieve that target.
While stating that a 10 per cent GDP growth was certainly achievable, Mr Parekh, however, said he would not “hazard a guess” on the time frame for achieving a double-digit growth.
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Most Wall Street Firms Still See Fed Rate Hike by June 2015: Poll

New York(Sharemasterindia.com): Wall Street’s biggest banks remain convinced the Federal Reserve will raise interest rates by June 2015, a Reuters poll found, and economists also said the market was underestimating how aggressively the US central bank will tighten policy.
Fourteen of 19 primary dealers, or the banks that deal directly with the Fed, said they expect the first rate hike by June 2015, with borrowing costs rising to 1 per cent at the end of that year.
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Insurance bill will be passed in Winter Session, says Jaitley

Sharemasterindia.com: Union Finance Minister Arun Jaitley on Friday expressed the confidence that Insurance Amendment Bill, which seeks to raise the Foreign Direct Investment (FDI) from 26 per cent to 49 per cent, will be passed in the forthcoming Winter Session of Parliament.
“I hope to get a positive report from the select committee. Insurance bill may be passed (in the coming session of Parliament),” he said at a book release function in which he was pitted against former Finance Minister P Chidambaram at a book release function.
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Markets Week Ahead: Inflation Data, Cabinet Changes Key

Sharemasterindia.com: Consumer Price Index-based inflation data will be key for the markets in the week beginning November 10. A sharp fall in consumer or retail inflation would raise hopes for a rate cut by the Reserve Bank of India (RBI) in its December 2 policy review.
The government is also expected to announce a Cabinet reshuffle on Sunday.
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Sensex Edges Lower on Profit-Taking, US Jobs Data Eyed

Sharemasterindia.com: The BSE Sensex edged lower on Friday after setting records in each of the previous four sessions as investors took profits in recent outperformers such as State Bank of India, with caution also prevailing ahead of monthly US jobs data.
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HDFC Bank Falls, Zee Entertainment Gains on MSCI Rejig

Sharemasterindia.com: Shares in HDFC Bank fell nearly 2 per cent to a day low of rupee“>Rs. 898.50 on Friday as the MSCI removed the stock from its MSCI India index.
HDFC Bank had a weightage of 1.9 per cent in the MSCI India index. MSCI in its earlier review has said HDFC Bank will be excluded from the MSCI India index if FII (Foreign Institutional Investors) limit issue is not resolved before November 2014.
HDFC Bank had sought Foreign Investment Promotion Board’s (FIPB) approval to increase the foreign shareholding in the company to 74 per cent, which has been pending since last year.
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Hero MotoCorp Shares Fall 3% on Bain Capital Stake Sale

Sharemasterindia.com: Shares in Hero MotoCorp fell 3 per cent to a day low of rupee“>Rs. 2,874.4 on Friday as the US private investment firm Bian Capital is selling nearly 4.3 million shares in the company.
Bain Capital is selling the stocks at a price range of Rs. 2,859.58 to Rs. 2,963.3. The issue has already been subscribed and is likely to be closed today.
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BSE Sensex, Nifty Fall; Banks Lead Losses

Sharemasterindia.com: BSE Sensex and Nifty came under some pressure today after hitting record highs in the previous four sessions. Profit-taking was seen in banking, oil & gas and capital goods stocks. Weak Asian markets also weighed on the sentiment.
The Sensex fell over 150 points to hit at 27,739 at day’s low. Nifty also slipped below the 8300 levels.
Market analyst Sarvendra Srivastava says Nifty is likely to trade in the 8200-8350 range in the near term.
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Dr Reddy’s, Endo Get FDA Approval to Launch Generic Valcyte

Mumbai(Sharemasterindia.com): The US Food and Drug Administration (FDA) said it has granted final approval to Indian drugmaker Dr Reddy’s Laboratories Ltd and US firm Endo International Plc to make cheaper copies of Roche Holding AG’s antiviral Valcyte.
The move comes after Ranbaxy Laboratories Ltd said on Thursday that FDA had stripped the company of its tentative approval to launch the first copy of the drug due to quality control issues at its manufacturing plants.
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Ranbaxy Shares Fall 5% on US FDA Blow

  Sharemasterindia.com: Shares in Ranbaxy fell over 5 per cent to a day low of rupee“>Rs. 618.85 in the opening session on Friday after the US Food and Drug Administration (FDA) revoked a tentative approval for Ranbaxy Laboratories two drugs.
The US FDA has withdrawn its approval for Ranbaxy’s Laboratories to make a cheaper version of AstraZeneca’s heartburn drug Nexium after Ranbaxy’s plants were banned over quality control issues.
The USFDA has also revoked a tentative approval and six-months exclusivity for generic version of Roche Holding’s antiviral Valcyte drug.
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Asian Shares Slump, Euro Wallows Near Lows

Tokyo(Sharemastereindia.com): Asian shares edged down on Friday ahead of US employment data later in the session, while the euro wallowed around two-year lows after European Central Bank President Mario Draghi vowed to take more easing steps to spark growth in the euro zone.
Investors were likely to remain cautious ahead of the key US nonfarm payrolls report. Solid gains in employment would increase speculation that the USFederal Reserve could raise US interest rates in the middle of next year.
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Gold Poised for Third Weekly Drop; US Jobs Data in Focus

Singapore(Sharemasterindia.com): Gold held close to a 4-1/2 year low and looked set to post its third straight weekly drop on Friday, as the US dollar rallied on expectations the Federal Reserve could raise rates sooner rather than later.
A robust US nonfarm payrolls report later in the day could provide more evidence of a strengthening economy, influencing the Fed and possibly hurting gold, a non-interest-bearing asset.
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Sensex Edges Higher, Nifty Hovers Near 8,350

Sharemasterindia.com: BSE Sensex and Nifty traded flat on Friday with some profit-taking seen in banking stocks after their recent outperformance.
The Sensex was up 20 points at 27,936 while Nifty edged up to 8,347, up 9 points.
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Ranbaxy, Sun Pharma, Hero MotoCorp in Focus Today

Sharemasterindia.com: The Nifty is likely to open lower on Friday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to remain net buyers of Indian equities on Wednesday as they had bought shares worth rupee“>Rs. 1,031 crore in the cash market. However domestic investors were net sellers to the tune of Rs. 1,205 crore.
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Hot Stock Tips for 05.11.2014

Hot Stock Tips for 05.11.2014

POLARIS @ 205

BUY POLARIS ABOVE 205 FOR INTRADAY TARGETS 207.40/ 211 AND SL BELOW 203.

For Best Stock Tips do visit www.sharemasterindia.com

Gold Prices at 4-Year Lows: Should You Buy Now?

Sharemasterindia.com: Gold prices have dropped to 26,350 levels in India – the lowest in nearly four years. And some analysts say that gold prices could be heading even lower. A weak trend in global markets, strong US economic data and a stronger dollar have been cited for their weak outlook on the precious metal.
Here is why analysts expect gold prices to fall:
Dollar’s rise against major currencies: The rise of the greenback has been one of the big factors behind the plunge in global gold prices. The gains in the greenback negatively impact the price of commodities priced in dollars such as gold, silver and oil. Since gold is a dollar-denominated commodity, it becomes more expensive for buyers in other currencies to purchase the yellow metal when the greenback gains. This tends to impact gold demand.
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Sanofi Says First Dengue Vaccine May be Available in H2 2015

Paris(Sharemasterindia.com): Sanofi said on Monday that a late-stage clinical study showed that its dengue vaccine candidate met its main goal and was highly effective against severe cases of the disease.
The French drugmaker’s Sanofi Pasteur division intends to file for registration for the vaccine in several endemic countries next year, it said in a statement.
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Asia Stocks Dip as Japan Outperforms, Dollar Soars

Tokyo(Sharemasterindia.com): Asian stocks dipped in early trade on Tuesday with disappointing Chinese data and a Wall Street slip dampening the mood, although Japan bucked the trend and rose sharply on follow-through momentum generated the Bank of Japan’s surprise monetary easing last week.
The dollar was firmly on the front foot, hovering at multi-year highs against the yen and euro, after the BOJ’s easing on Friday added pressure on the European Central Bank to follow suit.
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BSE TOP GAINER 03.11.2014

Scrip Code	Scrip Name	Group	LTP	Chg	% Chg
532798	NETWORK18	A	56.35	5.40	10.60
507878	UNITECH	A	22.55	2.10	10.27
532254	POLARIS	A	207.15	19.15	10.19
513683	NEYVELILIG	A	94.05	7.25	8.35
532693	PUNJLLOYD	A	41.25	3.15	8.27

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BSE TOP LOSER 03.11.2014

Scrip Code	Scrip Name	Group	LTP	Chg	% Chg
532714	KEC	A	101.75	-8.00	-7.29
532155	GAIL	A	499.00	-30.15	-5.70
500294	NCC	A	57.10	-2.50	-4.19
532488	DIVISLAB	A	1804.95	-66.75	-3.57
532805	REDINGTON	A	100.25	-3.05	-2.95

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Why Dr. Reddy’s, Pfizer, Wyeth are Up Today

Sharemasterindia.com: Shares in Dr. Reddy’s Lab gained nearly 3 per cent to a day high of rupee“>Rs. 3,261 on Monday as the company is planning to file two new drug applications (NDA) with the US Food and Drug Authority by the end of 2015.
The company said one drug is in late phase of clinical trials.
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Rupee Falls to 61.49/Dollar on Broad Dollar Gains

Sharemasterindia.com: The rupee traded at 61.49 versus its previous close of 61.3950/4050 as dollar gained overseas. China October official PMI dipped to 50.8, vs forecast of 51.2, September 51.1
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Strong Dollar Squeezes Commodities, Bank of Japan Puts ECB in a Bind

Sydney(Sharemasterindia.com): The US dollar powered to seven-year peaks against the yen on Monday and a two-year high on the euro, a punishing trend for commodities priced in dollars, with both gold and silver falling sharply.
Disappointing surveys out of China’s manufacturing and services sectors highlighted the relative health of the US economy, and piled pressure on other countries to ease monetary policy yet further.
The dollar came within a whisker of 113.00 yen in early trade, before taking a breather at 112.75. It has climbed over 3 per cent since the Bank of Japan stunned markets by doubling down on its already massive stimulus program.
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Jet Airways, SpiceJet Surge on Jet Fuel Price Cut

Sharemasterindia.com: Shares in aviation companies like Jet Airways, SpiceJet surged on Monday as jet fuel prices were cut by a steep 7.3 per cent on Saturday.
This was the fourth straight cut in jet fuel prices since August on the back of falling crude oil prices.
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Sensex Nears 28,000, Nifty Hits 8,350

Sharemasterindia.com: BSE Sensex and Nifty extended their record run today gaining nearly 0.3 per cent in early trade. The Sensex rose nearly 100 points at its day’s high, touching 27,969. Nifty rose to 8,350 to its day’s high.
Indian markets have gained for the tenth time in last eleven sessions, buoyed by the reforms momentum and a rally in global markets.
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Crude Oil Prices Mixed in Asian Trade

Singapore(Sharemasterindia.com): Oil prices were mixed in Asia on Monday as dealers focused on a slew of global manufacturing data for clues about demand growth, while a strong dollar capped any gains, analysts said.
US benchmark West Texas Intermediate (WTI) for December delivery fell four cents to $80.50 while Brent crude for December was up four cents at $85.90 in mid-morning trade.
“The focus right now is on the manufacturing data to be released. We are looking for signs of industrial growth, which will in turn mean greater crude demand,” Daniel Ang, investment analyst at Phillip Futures in Singapore, told AFP.
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TVS Motor, Maruti Suzuki, Mahindra & Mahindra in Focus Today

The Nifty is likely to open higher on Monday tracking futures trade on Singapore Stock Exchange. Sentiment is likely to be positive today as foreign investors have increased their intensity of buying Indian equities. Foreign investors have bought shares worth rupee“>Rs. 1,755 crore in cash market on Friday. However domestic investors were net sellers to the tune of Rs. 276 crore.
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