TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
Nifty futures/Bank Nifty futures market closed on 8540/ 18680. According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 8456 will be small support for Nifty futures and 18512 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 8291 level and Bank Nifty futures can touch 18139 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 8607 for Nifty futures and 19798 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8793 and 19357 for Bank Nifty futures.
NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
✍ Indiabulls Housing allot 49,700 equity shares on warrant conversion - Indiabulls Housing Finance Ltd has announced that on July 13, 2015, the Company, has issued and allotted 49,700 (Forty Nine Thousand Seven Hundred) Equity shares of face value Rs. 2/- each, upon conversion oF warrants.Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 71,14,16,828/- divided into 35,57,08,414 Equity Shares of face value Rs. 2/- each.

✍ Jewellery stocks rally as Gold price fall - Shares of Jewellery stocks are in demand after gold plunged 4% to its lowest in more than five years on Monday. The precious metal is dented by the fact that vibes from US Federal Reserve and flow of economic numbers indicate that rate hike this year is very much on the cards. A fall in gold prices is expected to boost revenues for domestic jewellers in the forthcoming festive season. The beneficiaries have been jewelry companies which are glittering on the bourses.

✍ Gitanjali Gems - Gitanjali Gems has jumped 13% at Rs. 44.20. On the BSE  11,59,000 shares have been traded at the counter as compared to its daily average volume of 76,000 shares in the past two weeks.  Shree Ganesh Jewellery rallied as much as 12 per cent, while Tribhovandas Bhimji Zaveri surged 9.3 per cent in intraday trade.

✍ Rajesh Exports - Rajesh Exports was up 3.9% at Rs. 465.  So far, the counter has seen trades of around 720,000 shares as against the two-week daily average volume of 380,000 shares.

✍ FM to hold review meeting on PSU disinvestment - Finance Minister Arun Jaitley may hold a review meeting on disinvestment plans for the fiscal, according to reports. A report says that the meeting with Disinvestment Secretary Aradhana Johri would focus on the PSU stake sale schedule of the fiscal.The government plans to raise Rs. 69,500 crore through PSU stake sale in current fiscal.Of this, Rs 41,500 crore is to come from minority stake sale and another Rs 28,000 crore from strategic sale. 

✍ ACC down by 2% on Q1 results – ACC dropped 2 percent to Rs. 1,456 on the back of poor Q1 earnings. ACC on Friday reported 45 percent drop in consolidated Q2 net profit of Rs. 133.4 crore in the quarter ended June 2015, as against net profit of Rs. 243.1 crore during the previous quarter ended June 2014. The stock has hit a high of Rs. 1463.55 and a low of Rs. 1433.25. In BSE, the company's total traded quantity was around 0.75 lakh shares against two weeks of average quantity of 0.22 lakh shares.

✍ UltraTech Cement surges 4% on Q1 results - UltraTech Cement boomeranged in trades and emerged as the top gainer among the Nifty-50 stocks. The stock at first tumbled to a low of Rs. 3,117 - down 3.3 percent from the previous close fearing poor results taking cues from the ACC outcome. The stock, recouped losses and soared to a high of Rs. 3,369 - up as much as 8 percent in intra-day deals after the company reported a net profit of Rs. 591 crore, in line with Street estimates.The company had reported a net profit of Rs. 628 crore in the corresponding quarter a year ago.
✍ LIC Housing Finance Q1 net profit at Rs. 382 cr; NII at Rs. 659 cr -
The Company has posted a net profit of Rs. 3,821.339 million for the quarter ended June 30, 2015 as compared to Rs. 3,223.068 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 25,435.856 million for the quarter ended June 30, 2014 to Rs. 29,654.568 million for the quarter ended June 30, 2015.

✍ Tata Motors to invest Rs. 38,800 crore for its passenger and commercial vehicle segment - Country's automative giant Tata Motors, plans to invest in heavily in order to introduce pile of new products and technology in its both passenger and commercial vehicle segment, according to media reports.For the current fiscal year, the company has targeted to invest around Rs. 38,800 crore as a capital expenditure.Tata Motors has already declared Rs 3,000-4,000 crore capital investments this fiscal to boost all segments, the reports added.To lift up its JLR, it will insert in the luxury car segment around  3.5 billion pounds. JLR has been contributing profit for the entire group for past some years, but since last year it is not in good shape, as it reported a heavy loss of 32.7%. This year would be a important year for JLR, as it is upgrading its technological strengths via in-house R&D at its two engineering and design centres in the UK.JLR will be soon introducing the Jaguar XE and the Discovery Sport across the world this year.According to reports, the company roots for approval at its AGM on August 13 to lift up to ₹4,400 crore by way of non-convertible debentures (NCDs) on a private-placement basis. The amount is expected to be raised over one year from the date of passing the resolution.

✍ Hindustan Zinc Q1 net profit at Rs. 2,380 crore; Operating Margin at 45.7% -
The Company has posted a net profit of Rs. 19,208 million for the quarter ended June 30, 2015 where as the same was at Rs. 16,176.70 million for the quarter ended June 30, 2014. Total Income is Rs. 41,938.90 million for the quarter ended June 30, 2015 where as the same was at Rs. 37,245.60 million for the quarter ended June 30, 2014.

✍ Tata Steel expects steel margins to remain under pressure in Europe - Tata Steel Europe is likely to continue with the restructuring of its UK operations.Cyrus Mistry, chairman, Tata Steel Ltd reportedly said in the company’s annual report.Mistry added that the  Adverse currency movement and Chinese imports may force the company to undertake further asset right-sizing.The company is expecting steel margins to remain under pressure in Europe in 2015.“The UK business of Tata Steel Europe is the most impacted by the surge of Chinese imports as its domestic demand continues to be weak,” Mistry added in the annual report for 2014-15.Mistry also reportedly said that the global economy continues to be fragile and uncertain especially with regard to the impact of the Chinese slowdown and the Eurozone crisis. On 17 July, Tata Steel announced 720 job cuts at its Rotherham facility as part of its business restructuring strategy. 

✍ India is growing at much better rate than other economies - Finance Minister Arun Jaitley warned of a threat to job creation if investments were blocked, says report. Jaitley reportedly said that safety of workforce cannot be ensured without an increase in economic activity.  The minister said Indian economy was the fastest growing among major economies with most of them facing challenges. Today we are proud that in this slow environment, when all the countries are struggling, India is the fastest growing economy among other economies," added FM.

✍ India is not yet attuned for rapid change, says NR Narayana Murthy - India is not yet attuned for rapid change. The Universities for Research & Innovation bill is pending for almost ten years now. Our laws are still outdated. A company with foreign ownership of 50% is deemed to be a foreign company despite being registered under the Indian Companies Act, paying taxes in India and employing Indian employees.The land acquisition bill and GST needs unanimous support from all stakeholders to make them more fair and acceptable to corporations. India’s e-commerce boom is hardly a surprise and it’s perfectly fine for youngsters in their 20s and 30s to hog the limelight on the back of massive market valuations.There’s no need to question the model given the homework done by the said players but they should keep in mind that the litmus test is still some distance away, when investors will expect a decent return on their investments. Hence there’s a strong need to control costs, manage options and generate profits.

✍ ONGC Videsh eyes Farzad gas field again - ONGC Videsh Ltd is planning to develop the discovered Farsi (renamed Binaloud) block in the West Asian nation, according to reports. OVL, along with its Indian partners Indian Oil Corporation and Oil India, had made the Farsi discovery in 2008. OVL and team had begin exploration work as a service contractor but, under Iran’s old rule. The new Iranian model offers more flexibility on cost recovery and capital expenditure.

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