Friday, November 29, 2013

Morning Triggers 29/11/2013

MAJOR NEWS
Even as the impasse with French nuclear supplier Areva continues over cost of power from the Jaitapur nuclear
plant, the Department of Atomic Energy has clarified that the cost cannot be more than Rs 6.5 per unit.
A day ahead of the announcement of GDP figures for the July-September quarter of the current fiscal, industry
body ASSOCHAM has pegged the country’s growth at 5.4 per cent for the period on improved agricultural output.
ECONOMY NEWS
India’s stand to ring-fence its food security plan at the World Trade Organisation’s Inter-Ministerial Meeting to be
held in Bali next month received the Cabinet nod today.
India’s infrastructure and banking sectors will require Rs 10.4 lakh crore from the bond market over the next five
years, according to CRISIL. To facilitate this, greater regulatory focus is required in three areas — deepening of
the bond market, developing innovative credit-enhancement mechanisms for infrastructure projects, and building
investor appetite for banks’ non-equity capital.
INTERNATIONAL NEWS
The seventh-edition of the Indo-US Resurgence Summit is slated for December 2nd in New Delhi, the event,
organized by the Indo-American Chamber of Commerce (IACC).

Japan’s Nikkei 225 jumped 1.80 % to close at a six-year high on Thursday, on a strong performance by US
markets and a weaker yen.

A private measure of US economic prospects issued on Wednesday showed an improvement in October for the
fourth consecutive month, despite the government shutdown last month.
COMPANY NEWS
NTPC, JSW, JSPL, Adani, Sterlite, GMR and CLP have submitted initial bids for 4,000 MW imported coal-based
UMPP at Cheyyur in Tamil Nadu.
Reliance Communications has launched ‘Super Thala Pack’ for its GSM pre-paid customers in Tamil Nadu.
Idea Cellular launched a new Android-powered dual-SIM smartphone ’Aurus 4’ priced at Rs 8,999.
The aggregate gross loan portfolio of microfinance institutions (MFIs) grew 54 per cent in the second quarter
ended September 30, 2013 compared with the same period last year.
Suzlon Group subsidiary REpower Systems SE has bagged an Engineering, Procurement and Construction contract
from Mitsui & Co (Australia) Ltd to deliver 52 wind turbines with a total rated output of 106.6 MW for Bald Hills
wind farm in Victoria, Australia.
Neyveli Lignite has spent just about Rs 795.93 crore on capex during the July-September quarter, as against the
target of Rs 1,106.57 crore. Despite lower capital expenditure incurred during the second quarter of 2013-14
fiscal, the company hopes to achieve the annual target of Rs 2,490.14 crore, according to an official document.
A tight rein on costs, improved operating performance and an extensive distribution network have contributed to
MRF Ltd reporting a strong growth in net profit, despite an overall slow down in the automobile sector. MRF Ltd,
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which follows a October-September financial year, has reported a 12 per cent jump in net profit for the fourth
quarter compared with the corresponding quarter previously.

Fundamental picks for Investors:
BHEL, Bajaj Finance, Cipla, Corporation Bank, DB Corp., Engineers India, Exide Inds., Federal Bank,
GMDC, Goodyear India, HT Media, IDFC, Ingersoll-Rand, Jyoti Structures, Kalpataru Power, KSB Pumps,
LIC Hsg Finance, McNally Bharat, Navneet Education, Power grid Corpn, PTC India, Reliance Inds., PNB,
SBI, TVS Motors, Yes Bank, Castrol India, SKF India.

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