shareBazar: 2015

Thursday 24 December 2015

Re: {LONGTERMINVESTORS} Re: IndBank Merchant Banking

Dear Vishal,

As informed in the previous mail, it has given retracement up to 8.2.

Now ready to start up move.

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

On 24 December 2015 at 12:41, vishal rathod <vishal.amitus@gmail.com> wrote:

Hello Hemant Barvejiii,

Any update on this?

Thanks
Vishal Rathod

On Friday, 4 December 2015 20:12:37 UTC+5:30, Hemant Barve wrote:
IndBank Merchant Banking CMP 9.10

From 2008 top of 52.30 it went to low of 2.26 ( Aug 13 )

In Mody boom it went to 16.20 ( Jan 15 ), with high volume & breached the Mar 2011 quarter high of 15.70.

Then it went low of 6.01 in Sep 15. ( higher bottom )

In last month it went to high of 10.33 with high volume & breached the previous quarter's high of 9.95.

It gave retracement upto 6.85 15 Nov ( higher bottom ).

Today it went to high of 9.62, with very high volume & breached the weekly high of 9.1.

Expect retracement up to 8.1.

Though monthly MACD is yet to give Buy signal, monthly short term EMA has taken support on long term EMA from above & now moving up again.

Very bullish indication.

As it has breached above mentioned quarterly resistance, it would try for next resistance on quarterly chart, which is at 23.10

Expect this level in next quarter.

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

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Re: {LONGTERMINVESTORS} Fwd: Prakash Ind

Hemantji,

But this company is making loss or poor profit and also in coal issue.

Do you see good times ahead?

Thanks as always... You have been very helpful and great guide.

On Thu, Dec 24, 2015 at 1:35 AM, ashok mahajan <goodsports4@gmail.com> wrote:

Heman jee
thanks for valueable information
please share your view on jai corp

On Wed, Dec 23, 2015 at 11:33 PM, Hemant Barve <barvehn@gmail.com> wrote:
Prakash Ind CMP 37.7

It has crossed resistance of Oct 15 high of 34.9, with high volume.

Now moving towards quarterly short term EMA 40.1

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 25 November 2015 at 22:54
Subject: Prakash Ind
To: longterminvestorsresearch@googlegroups.com

Prakash Ind CMP 28.75

Fallen from Sep 14 high of 123 to the recent low of 24.15 Sep 15.

In last month it went to high of 34.85 with high volume & breached the monthly resistance of 33.70 ( Aug 15 ).

Though monthly MACD is yet to give buy signal, monthly RSI has started showing + ve divergence, indicating bottom almost reached.

Weekly MACD also started showing + ve divergance

One can start investing gradually for one year target of 123

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

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Wednesday 23 December 2015

Re: {LONGTERMINVESTORS} Sun Pharma : thread

{LONGTERMINVESTORS} Hindustan Construction Company subsidiary completes 74 pct stake sale of Nirmal BOT unit; stock gains 5.1 pct

{LONGTERMINVESTORS} Re: IndBank Merchant Banking

Hello Hemant Barvejiii,

Any update on this?

Thanks

Vishal Rathod

On Friday, 4 December 2015 20:12:37 UTC+5:30, Hemant Barve wrote:

IndBank Merchant Banking CMP 9.10

From 2008 top of 52.30 it went to low of 2.26 ( Aug 13 )

In Mody boom it went to 16.20 ( Jan 15 ), with high volume & breached the Mar 2011 quarter high of 15.70.

Then it went low of 6.01 in Sep 15. ( higher bottom )

In last month it went to high of 10.33 with high volume & breached the previous quarter's high of 9.95.

It gave retracement upto 6.85 15 Nov ( higher bottom ).

Today it went to high of 9.62, with very high volume & breached the weekly high of 9.1.

Expect retracement up to 8.1.

Though monthly MACD is yet to give Buy signal, monthly short term EMA has taken support on long term EMA from above & now moving up again.

Very bullish indication.

As it has breached above mentioned quarterly resistance, it would try for next resistance on quarterly chart, which is at 23.10

Expect this level in next quarter.

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

{LONGTERMINVESTORS} SSWL-15XFY16E; O,5XRevenuesFY16; Market Cap Rs 670 Cr

FYI

Re: {LONGTERMINVESTORS} Fwd: Prakash Ind

Heman jee

thanks for valueable information

please share your view on jai corp

On Wed, Dec 23, 2015 at 11:33 PM, Hemant Barve <barvehn@gmail.com> wrote:

Prakash Ind CMP 37.7

It has crossed resistance of Oct 15 high of 34.9, with high volume.

Now moving towards quarterly short term EMA 40.1

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 25 November 2015 at 22:54
Subject: Prakash Ind
To: longterminvestorsresearch@googlegroups.com

Prakash Ind CMP 28.75

Fallen from Sep 14 high of 123 to the recent low of 24.15 Sep 15.

In last month it went to high of 34.85 with high volume & breached the monthly resistance of 33.70 ( Aug 15 ).

Though monthly MACD is yet to give buy signal, monthly RSI has started showing + ve divergence, indicating bottom almost reached.

Weekly MACD also started showing + ve divergance

One can start investing gradually for one year target of 123

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

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Re: Fwd: {LONGTERMINVESTORS} Fwd: TVS Electronics

Hemantji,

Many thanks.

On Wed, Dec 23, 2015 at 10:36 PM, Bs Rao <badveeti@gmail.com> wrote:

thanks hemanth

On Thu, Dec 24, 2015 at 9:04 AM, shanmuga sundaram <sundaramstocks@gmail.com> wrote:
thanks hemanth

On Thu, Dec 24, 2015 at 9:02 AM, <mayurismehta@gmail.com> wrote:
Thanks Hemantji
M. Mehta
Sent from BlackBerry® on Airtel
From: Hemant Barve <barvehn@gmail.com>
Sender: longterminvestorsresearch@googlegroups.com
Date: Wed, 23 Dec 2015 22:42:27 +0530
To: <longterminvestorsresearch@googlegroups.com>
ReplyTo: longterminvestorsresearch@googlegroups.com
Subject: Fwd: {LONGTERMINVESTORS} Fwd: TVS Electronics

TVS Electronics CMP 130.45

Yesterday it crossed 11 Dec's high of 134.5 by going to 136.1.

Ready to fly to 200 in next week.

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 9 December 2015 at 20:31
Subject: Fwd: {LONGTERMINVESTORS} Fwd: TVS Electronics
To: longterminvestorsresearch@googlegroups.com

TVS Electronics CMP 132.35

As given in the previous mailed, yesterday it the breach resistance of 147.5 by going to 149.

As expected it is coming down with low volume, chance to enter for 1 st target of 200.

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 7 December 2015 at 15:45
Subject: {LONGTERMINVESTORS} Fwd: TVS Electronics
To: longterminvestorsresearch@googlegroups.com

TVS Electronics CMP 142.8

Today it made low of 117.50 , given 50 % retracement , then started marching towards 147.

Expect it to breach 147.50 tomorrow.

Our targets are 200, 380 in 6-8 months.

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 1 December 2015 at 22:36
Subject: TVS Electronics
To: longterminvestorsresearch@googlegroups.com

TVS Electronics CMP 122.45

In last quarter it went to high of 147.6, with high volume & breached the quarterly resistance of 146.95 ( Jun 2002 quarter )

It gave retracement up to 77.15 ( Oct 15 ).

In last month it went to 108.40 & breached the monthly resistance of 104.50 with high volume.

Today it went to 122.45 & breached the Sep 15 high of 117.2

One can start investing for the target 200, 380 in 6-8 months.

Q2 sales increased by 84 % NP increased by 57 %

The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations.
We will not be responsible for losses purportedly arising from the use of our recommendations

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{LONGTERMINVESTORS} Fwd: Morning Market Starter - December 24, 2015

---------- Forwarded message ----------
From: <research@icicibank.com>
Date: Thu, Dec 24, 2015 at 11:17 AM
Subject: Morning Market Starter - December 24, 2015
To: stockdesai@gmail.com

Central Bank watch:

Bank of Japan released the minutes of its November policy meeting. The communique reinforced the Central Bank's dovish stance with many members putting forth the idea of further easing if prices did not respond sufficiently to the current stimulus in the near term.

Chart:
UK Q3 2015 GDP print (final reading) was revised to 0.4% QoQ vs. prior estimate of 0.5% QoQ.

Source: Bloomberg, ICICI Bank Research

Global market developments:

UK data on GDP and current account balance was released yesterday

o Q3 GDP (final reading) was revised down to 0.4% QoQ vs. the prior estimate of 0.5% QoQ.

o Current account deficit in Q3 2015 remained unchanged at GBP 17.5 bn, same as the deficit for Q2 2015.

US PCE and home sales data were mixed:

o PCE deflator for November read 0.4% YoY, relative to October's print of 0.2% YoY. Core PCE, however, remained unchanged at 1.3% YoY.

o While durable goods orders in November remained flat, new homes sales for the same period declined to 4.3% MoM (prior of 10.7% MoM).

US equities ended in the green yesterday. The gains were led by a rally in energy and commodity stocks. Markets also took positive cues from the slew of US data that came in yesterday. Dow Jones and S&P gained 1.1% and 1.2% respectively.

Asian equities are trading largely in the green this morning, in line with US indices. Nikkei (0.1%), Hang Seng (0.4%), Kospi (0.2%) and Australia's ASX (1.2%) are all trading higher. Meanwhile, Shanghai Composite has tumbled 1.0% on account of issuance of tighter regulatory and disclosure norms by the Chinese regulator.

US Treasuries are trading flat this morning, albeit holding on top bulk of its previous losses. The benchmark 10Y yield is currently at 2.25%, same as yesterday's close.

Global market developments

Domestic Market Developments:

Reserve Bank of India released the twelfth issue of Financial Stability Report. The report pointed to subdued performance of the Indian banking sector as a whole. Overall, macroeconomic fundamentals remain robust; however downside risks pertaining to domestic issues of indebtedness levels of corporates, limited policy flexibility and volatile external sector scenario remain pertinent challenges to consider.

Bankruptcy and Insolvency Code that was presented to the Lok Sabha on Monday has been referred to a Parliamentary joint committee. The aforesaid panel shall submit its report during the Budget session.

Sensex is trading flat this morning while Rupee and Gsec markets are closed on account of Eid holiday.

Regards,
ICICI Bank

Contact:

Sagrika Gogia
(+91-22) 4008-1414 (extn:2180)

sagrika.gogia@icicibank.com

CA. Rajesh Desai

Re: {LONGTERMINVESTORS} News & Misc. items - Thread

Pipavav Defence jumps more than 16 pct to 97.10 rupees at 11.06 a.m.

{LONGTERMINVESTORS} usheragro

usheragro zooms today. big breakout

Re: {LONGTERMINVESTORS} Research Reports extracts & summaries - Thread

Jubilant Foodworks Ltd: The rise of the Quick Bite!!! – BUY

CMP Rs1,433, Target Rs1,937, Upside 35%

Jubilant Foodworks Ltd (JUBI), the master franchisee for Domino's pizza chain and Dunkin Donuts in India, is a great play on Indian consumption story. To go with its focus on menu innovation, new technology and capex-light/margin positive formats like delivery-centers, the company is aggressively promoting its online food ordering system, which will help it expand reach. We are betting big on urban cycle story driven by revival in discretionary spends due to: 1) boost from the 7th Pay Commission, 2) lower interest rates, and 3) boost in household savings. JUBI is well placed to benefit from the growing QSR (quick service restaurant) penetration in India. Further, the company has immense potential in terms of strong execution capability, as it continues to outperform peers, not only in same store sales growth (SSSG) but also with a faster store rollout, better margins, higher absolute ad-spend, a much stronger balance sheet and superior cash generation. As the company is on an expansion phase, operating leverage will play out once the SSSG materializes. We expect the SSSG growth, that fell from 27%+ FY11-13 to zero in FY15, to recover to 10% by FY18E. We believe the calibrated price hikes, core business strength and A&P spends will help JUBI outpace competition. We recommend BUY rating with a TP of Rs1,937 (based on 43x PE and 22x EV/EBITDA FY18E), an upside of 35%.

Amar Ambani

Head of Research

IIFL

Re: {LONGTERMINVESTORS} News & Misc. items - Thread

Mid-cap shares update at 10.36 a.m - Biocon rises 5.4 pct, Tata Global Bevarages adds 2.8 pct, Nalco gains 2.7 pct, Crompton Greaves climbs 2.1 pct; IDBI, Zee Entertainment fall 1.2 pct

{LONGTERMINVESTORS} Daily mutual fund equity and debt performance report - December 24

Daily mutual fund equity and debt performance report

Dear all,

Please find the performance tracker of equity and debt mutual fund schemes in the links mentioned below.

For details, click on the links below

http://content.icicidirect.com/mailimages/ISec_daily_Equity_Performance_Report.zip

http://content.icicidirect.com/mailimages/ISec_daily_Debt_Performance_Report.zip

Research Desk |ICICIdirect.com|

Email : research@icicidirect.com |

"Print this mail only if absolutely necessary. Save Paper. Save Trees."

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{LONGTERMINVESTORS} India Summary

1) India Nifty Futures Gain After Indexes Climb to Three-Week High
    (Bloomberg) -- Indian stock-index futures rose after benchmark gauges climbed to a three-week high on Wednesday as foreign capital returned to the country's equity market. SGX Nifty Index futures for December delivery rose 0.2 percent at 9:36 a.m. in Singapore. The underlying Nifty 50 Index rallied 1 percent on Wednesday to the highest close since Dec. 2. The S&P BSE Sensex also advanced 1 percent. The Bank of New York Mellon India ADR Index of U.S.-traded shares added ...

2) INDIA DAYBOOK: Modi-Putin Talks, RBI Report, ONGC, Tree House
    (Bloomberg) -- Loan growth at Indian banks slowed, bad loans rose in 6 months through Sept., RBI says. Today: PM Narendra Modi holds talk w/ Russian President Vladimir Putin; Road Transport Minister Nitin Gadkari speaks in New Delhi. Bond, currency markets shut for holiday. (Please click here to subscribe to India Daybook) WHAT TO WATCH: * Asian stocks advance as crude oil futures rise for 4th day * Lending growth slows amid rising ...

3) Anil Ambani Said to Seek $756 Million Value for Cement Plants
    (Bloomberg) -- Billionaire Anil Ambani's Reliance Infrastructure Ltd. is seeking to sell its cement assets for an enterprise value of about 50 billion rupees ($756 million) in a deal expected to be announced by year end, people familiar with the matter said. The company is in talks with cement makers as well as private equity firms including Blackstone Group LP and Carlyle Group LP, the people said, asking not to be identified because the ...

4) New Delhi Is About to Find Out How Hard It Is to Have Clean Air
    (Bloomberg) -- New Delhi resident Lizu Matta, 29, is unsure how she's going to commute to work in the new year with the start of traffic controls aimed at benching half the Indian capital's 2.8 million private vehicles on alternate days. There's the overcrowded subway, or the risk of a fine if she gets caught driving when she shouldn't. For the city's more than 16.8 million residents, Jan. 1 marks the beginning of the most draconian measures ...

5) Modi Agenda Scuttled by Partisan Gridlock, Key Bills Stalled
    (Bloomberg) -- India's parliament shut its doors for 2015 in what was a frustrating year for Prime Minister Narendra Modi as opposition parties, emboldened by a recent election victory in a key state, blocked crucial bills in tit-for-tat politics. Legislation on a proposed national sales tax, real estate regulations, as well as a new bankruptcy code stay stalled as the Indian National Congress and allies thwarted functioning of the legislature on issues ranging from ...

6) Indian Bonds Complete Weekly Decline on Fiscal Deficit Concern
    (Bloomberg) -- India's 10-year sovereign bonds completed a weekly decline on concern the government will struggle to meet its budget-deficit target and borrow more to bridge the shortfall. A proposed increase in salaries of millions of civil servants and a plan to clear the debts piling up at power distribution companies threaten Finance Minister Arun Jaitley's goal of fiscal consolidation. The government may have to reassess its fiscal projections for the year starting ...

7) Indian Lending Growth Slows Amid Rising Risks to Banks, RBI Says
    (Bloomberg) -- Loan growth at Indian banks slowed in the six months through September while bad loans rose, signaling increased risks to lenders, the Reserve Bank of India said in a report. "Risks to the banking sector increased due to deteriorating asset quality, lower soundness and sluggish profitability," the RBI, which is also the industry's regulator, said in a report Wednesday. Credit growth slowed to 9.4 percent in the period from 9.7 percent at ...

8) INDIA OPTIONS WRAP: VIX Drops to Nine-Month Low as Nifty Gains
    (Bloomberg) -- India's VIX index -5.7% to 13.65 yday, lowest since March 25, vs 3-mo. avg 17.36. * Nifty put/call open interest ratio 0.83 vs 3-mo. avg 0.92 * Bank Nifty ATM implied volatility 14.6% vs 3-mo. avg 21.5% * Foreigners buy net $83.8m of index futures * Foreigners sell $22.9m of index options * Foreigners buy $37.7m of stk futures * Foreigners sell $5.2m of stk options * Foreigners buy $92.6m of stks on Dec. 22; YTD net purchases $2.9b * CNX ...

9) ASIA STOCKS WEEK AHEAD: China Manufacturing, Japan Unemployment
    (Bloomberg) -- A look at the coming week in Asian equity markets (Bloomberg data unless stated -- click here to receive story and Asia Daybook in your inbox). WHAT TO WATCH: * BOJ Governor Kuroda speaks * China Industrial Profits, Manufacturing PMI * Hong Kong Trade Balance * Macau visitor arrivals * Taiwan's presidential candidates in televised policy addresses * Some markets closed for Christmas Day and New Year's Day FRIDAY, Dec. 25 * ...

10) Inox Wind Plans New Products as Margin Lags Behind China Rival
    (Bloomberg) -- Inox Wind Ltd., India's most profitable wind turbine maker, seeks to add new products and cut costs to improve profit margins that lag behind Chinese and Brazilian rivals. The company, based near New Delhi, is targeting to widen its earnings margin before interest, taxes, depreciation and amortization to 20 percent from 16 percent, said Director Devansh Jain. Inox Wind's three-year average Ebitda margin of 15 percent compares with the 56 percent for Renova ...

11) INSIDE INDIA: Rupee Up; External Sector Remains Strong: Barclays
    (Bloomberg) -- Rupee set for seventh day of advance, which would be longest winning streak in nine months; Indian bond and currency markets are shut on Dec. 24 and Dec. 25 for holidays. * Current-account deficit widened more than estimated in 3Q * Nation's external sector appears well placed and likely to remain so in coming quarters, Barclays says in a note today; recent sharp drop in crude oil prices mean that the current account deficit may be smaller than ...

12) India Clears Arbitration Law to Resolve Commercial Disputes
    (Bloomberg) -- Indian lawmakers approved a bill to hasten resolution of commercial disputes through arbitration, another step in Prime Minister Narendra Modi's plan to make it easier to do business in Asia's third-largest economy. The law would impose deadlines to resolve cases, empower tribunals to enforce decisions, and limit the courts' ability to challenge awards. The bill will replace an executive order announced in October and amend a 1996 law, taking India a ...

13) Kalpataru Power Transmission Wins INR13.95b Contracts; Shrs Rise
    (Bloomberg) -- Wins order valued at 7.7b rupees for turnkey transmission line project from Tamil Nadu state; also wins orders from Telangana state, Reliance Gas: filing. * Domestic order inflow almost doubled this FY to ~21b rupees, CFO Kamal Jain says * Shrs rise as much as 6.6% to highest since Dec. 4 * Stk +25.5% YTD vs 6% drop in Sensex

14) India's Central Bank Says GST an 'Immediate Necessity'
    (Bloomberg) -- "The recent Fed Fund rate hike and the developments in China call for a careful calibration of domestic policies to withstand global headwinds," Indian central bank Governor Raghuram Rajan writes in foreword to the Financial Stability Report. * Although India appears better placed than other emerging markets, vulnerabilities of corporates and their impact on the financial system needs closer monitoring: Rajan * "More erratic and ...

15) L&T Construction Wins Orders Valued at 11.8b Rupees in Dec.
    (Bloomberg) -- Metallurgical & material handling unit wins orders valued at 6.63b rupees. * Power trnasmission and distribution unit won orders valued at 5.15b rupees * Shrs rise as much as 1% Link to Statement:Link

16) U.S. Calls for 256% Tariff on Imports of Steel From China
    (Bloomberg) -- Corrosion-resistant steel imports from China were sold at unfairly low prices and will be taxed at 256 percent, according to a preliminary finding of the U.S. Department of Commerce. Imports from India, South Korea and Italy will be taxed at lower rates, the agency said Tuesday in a statement. Imports from Taiwan and Italy's Marcegaglia SpA will not face anti- dumping tariffs. The government found dumping margins of 3.25 percent for most South Korean ...

17) Indian States to Soon Issue Bonds for Discoms' Debt Recast: ET
    (Bloomberg) -- Notes worth INR700b to INR1t likely to be issued in next three months to "help clean up balance sheets" of ailing power distribution cos, Economic Times newspaper reports, citing Power Minister Piyush Goyal. * Goyal says "we have started hearing from states how they are planning to launch bonds to bring down their interest costs:" ET * NOTE: India Deficit to Rise as States Take On Power Companies' Debt

{LONGTERMINVESTORS} Economy snippets ² India’s current account deficit (CAD) narrowed to $8.2bn (1.6% of GDP) in 2QFY16 from $10.9bn (2.2% of GDP) in 2QFY15. However, CAD widened when compared to $6.2bn (1.2% of GDP) in 1QFY16. (ET) ² Domestic production of crude oil and natural gas fell sharply on YoY basis in the month of November as compared to the same month last year. While crude oil production in the month was 3.3% lower, natural gas production was 3.92% lower. The quantum of fall is the highest for both crude oil and natural gas, in the April-November 2015 period. (BL) ² Tamil Nadu asked the Centre to allocate Rs259bn to take up relief and restoration efforts due to the rain and flood damage. (BS)

Economy snippets

² India's current account deficit (CAD) narrowed to $8.2bn (1.6% of GDP) in 2QFY16 from $10.9bn (2.2% of GDP) in 2QFY15. However, CAD widened when compared to $6.2bn (1.2% of GDP) in 1QFY16. (ET)

² Domestic production of crude oil and natural gas fell sharply on YoY basis in the month of November as compared to the same month last year. While crude oil production in the month was 3.3% lower, natural gas production was 3.92% lower. The quantum of fall is the highest for both crude oil and natural gas, in the April-November 2015 period. (BL)

² Tamil Nadu asked the Centre to allocate Rs259bn to take up relief and restoration efforts due to the rain and flood damage. (BS)

{LONGTERMINVESTORS} Corporate Snippets ² GAIL has extended last date of bidding for its $7bn tender for hiring nine newly built ships for ferrying LNG from the US by over two months to allow Indian shipyards to tie up technology for building the specialized vessels. Bids for charter hiring of nine ships quoted in three lots of three ships each were due last week but have now been extended till February 29, 2016. (BS) ² Tata Steel is in talks to sell its struggling British-based unit to investment firm Greybull Capital, the two firms said in a statement. (ET) ² Australia approved a controversial coal port expansion plan to support projects, like Adani's $6.5bn Carmichael mine, despite warnings from environmentalists that it will damage the fragile Great Barrier Reef, the world's largest coral reef system. (ET) ² The limestone mine allotted to the UltraTech Cement in Chhattisgarh's Raipur district had come under the scanner as the state government announced to cancel the No-Objection-Certificate granted t

Corporate Snippets

² GAIL has extended last date of bidding for its $7bn tender for hiring nine newly built ships for ferrying LNG from the US by over two months to allow Indian shipyards to tie up technology for building the specialized vessels. Bids for charter hiring of nine ships quoted in three lots of three ships each were due last week but have now been extended till February 29, 2016. (BS)

² Tata Steel is in talks to sell its struggling British-based unit to investment firm Greybull Capital, the two firms said in a statement. (ET)

² Australia approved a controversial coal port expansion plan to support projects, like Adani's $6.5bn Carmichael mine, despite warnings from environmentalists that it will damage the fragile Great Barrier Reef, the world's largest coral reef system. (ET)

² The limestone mine allotted to the UltraTech Cement in Chhattisgarh's Raipur district had come under the scanner as the state government announced to cancel the No-Objection-Certificate granted to the company required to commission the mining operation, due to environmental issues. (BS)

² Somany Ceramics has raised Rs1.2bn (at an issue price of Rs339.5 per share) through the QIP route. (BL)

² Aurobindo Pharma has received approval from the US health regulator for generic Olopatadine Hydrochloride ophthalmic solution used for treatment of seasonal allergic conjunctivitis and is ready to launch the product in the American market. (ET)

² Glenmark Pharmaceuticals has received the final nod from the US health regulator for a generic version of anti-bacterial drug Zyvox. (BS)

² Canara Bank plans to raise Rs24bn from Tier II bonds by way of private placement. (BL)

Re: {LONGTERMINVESTORS} News & Misc. items - Thread

It is difficult to predict a timeline for the passage of GST bill, MoS for Finance Jayant Sinha said yesterday

Re: {LONGTERMINVESTORS} News & Misc. items - Thread

The limestone mine allotted to the UltraTech Cement in Chhattisgarh's Raipur district had come under the scanner as the state government announced to cancel the No-Objection-Certificate granted to the company required to commission the mining operation, due to environmental issues. (BS)

{LONGTERMINVESTORS} Daily Currency Strategy (December 24)

Today being a banking holiday due to Eid-e-Milad, there will be no edition of the Daily Currency Strategy report.

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{LONGTERMINVESTORS} Fixed Income Mantra

Re: {LONGTERMINVESTORS} Must read Interviews & Columns - Thread

Interesting blog on trading metrics. Will try to cover these topics in posts later.

For traders we must use these metrics to improve -- http://blog.chasingreturns.com/

Re: {LONGTERMINVESTORS} Pharma Sector............Thread

Biocon launches hepatitis-C drug in India; stock up 5 pct at 9.42 a.m.

{LONGTERMINVESTORS} News Briefing

Economic Times

Ø  Govt mulls tax sops on Esops, VC investments
Ø  'Energy sector will generate $250 bn investment'
Ø  June 30 deadline for exchanging of pre-2005 notes
Ø  Govt delays bankruptcy law, GST deadlock remains
Ø  Govt says closing in on Westinghouse deal worth $150 bn to build 6 nuclear reactors
Ø  OVL's $1.26 bn Vankor buy to be signed tomorrow
Ø  Essar Oil gets okay for institutional sell-off; time to delist from bourses

Business Standard

Ø  Draft rules tighten tax norms for MNCs
Ø  Sebi panel advises on removing 'conflict of interest' while rating
Ø  Rajan raises concerns over high corporate sector vulnerabilities
Ø  RCom suspends launch of Free Basics till TRAI's approval
Ø  World Bank feelers to part-finance India Post's payments bank
Ø  Indian Railways signs Rs 500 cr pact with Coal India for supply of 2,000 wagons

Business Line

Ø  Bankruptcy code referred to Joint Select Committee of Parliament
Ø  CBDT issues MAT order pertains to foreign companies
Ø  Piramal Enterprises buys 5 OTC brands for Rs 92 crore
Ø  Court asks MCA to decide on FTIL-NSEL merger by Feb 15
Ø  Lupin gets USFDA nod to market potassium chloride capsules
Ø  Nalco inks R&D pact with Chalieco of China

Mint

Ø  Idea launches 4G services in five southern states
Ø  Weak corporate balance sheets need monitoring: RBI report
Ø  Small investors in dark over Sahara's latest shadow banking schemes
Ø  Welspun Enterprises divests 37% stake in Dewas Bhopal road project
Ø  Boards raise scrutiny as Infosys and Wipro bet big on start-ups

Financial Express

Ø  Sensex rebounds 259.65 points, Nifty ends at 7,866
Ø  DLF gets Rs 1992 cr from GIC from stake sale in 2 projects
Ø  NPAs jump 50 bps to 5.1% between March and September quarters: RBI
Ø  Dr Lal, Alkem make strong debut on bourses
Ø  SAIL to soon launch Rs 400-crore voluntary retirement scheme

Financial Chronicle

Ø  Wipro to acquire Viteos Group for $130m in outsourcing push
Ø  L&T bags orders worth Rs 1,178 crore in December
Ø  Over Rs 16k cr undisclosed income detected in 20 months
Ø  Sebi attachment orders up 5-fold at 1,610 in FY15
Ø  M&As peak in pharma industry; so does regulatory glare

Re: {LONGTERMINVESTORS} News & Misc. items - Thread

ADRs (traded value):

ICICI +1.7% ($56.7m), Tata Motors +0.8% ($32.3m), WNS Holdings -0.5% ($2.3m), Infosys +0.4% ($34.5m), Dr Reddy's +0.3% ($7.3m), HDFC Bank -0.2% ($18.6m), Wipro unchanged ($8.1m)

Re: {LONGTERMINVESTORS} Tracking the US economy -- Thread for discussion and sharing data.

Ø U.S. personal income increased by 0.3% in November, 2015 after unrevised 0.4% rise in October, 2015.

Ø U.S. existing home sales fell 10.5% to an annual rate of 4.76mn in November, 2015 from a downwardly revised 5.32mn in October, 2015.

Ø US final consumer confidence reading from university of Michigan rose to 92.6.

Re: {LONGTERMINVESTORS} Pharma Sector............Thread

Piramal Enterprises announced acquisition of five brands from Organon India and MSD BV for INR 0.92bn to beef up its offerings in the OTC healthcare segment.

Ø Sanofi Pasteur received Food and Drug Administration of Philippines approval to market its Dengvaxia vaccine to be licensed for the prevention of dengue in Asia.