TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : The Nifty 50 opened Monday session on a positive note at 7741 up by
25 points and 0.36 per cent but failed to hold the gain and plunged 101 points. The Asian
markets also traded higher on Monday after most were shut for Good Friday. The market
take a breath in a cautious note with a mild positive bias in morning trade on Tuesday after
the US Federal Reserve St. Louis chairperson suggested that the central bank should move
cautiously on raising interest rates. Nifty lost the movementum on Tuesday but not able to
break the strong Support level of 7580. There are some positive cues from the global
market for Indian Financial market, which helps to gain the movementum on the
Wednesday, The global and Asian market opened in a positive the day after the Federal
Reserve Chairwoman Janet Yellen has speak out about the Gradually increasing the
interest rate in the upcoming day in this year. The Crude prices remained flat. The
sentiment on the street remains underpinned by the hopes of a rate cut by the RBI during
the monetary policy review next week. The strong levels for Nifty is 7850-7900 upside
and 7680-7650 downside.

BANK NIFTY : - The Bank Nifty Open lower on Monday at 15867 down by 20 points or
0.12 percent, The Banking stocks fall after the Reserve Bank of India revised rules on
measuring Liquidity for Basel III norms, providing exemption to branches of foreign
banks from submitting statement with regard to foreign currency. The US Federal Reserve
chairperson suggested that the central bank should move cautiously on raising interest
rates. The Reserve Bank of India has tweaked its rule asking banks to use the marginal
cost of funds formula to calculate interest rate for loans with fixed tenure of less three
years, The global cues and Central Bank Policy force the Bank Nifty to trade around the
15800-16280 the rally in banking stocks will be continue for upcoming days, due to
reforms in Public Sectors Banks balance sheets. The crucial level for Bank Nifty is 1580015620 is down side and 16200-16450 is Upside.

Monday, 04 April 2016

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

7921

7777

7705

7633

7489

R2

R1

PP

S1

S2

8269

7883

7690

7497

7111

R2

R1

PP

S1

S2

7922

7778

7706

7634

7490

R2

R1

PP

S1

S2

16454

16210

16088

15966

15722

R2

R1

PP

S1

S2

18262

16752

15997

15242

13732

R2

R1

PP

S1

S2

16785

16359

16146

15933

15507

BANK NIFTY
DAILY

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7507

7399

7590

7901

BANK NIFTY

15590

15047

15867

16875

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7605

6945

7922

BANK NIFTY

15770

13758

18095

PATTERN FORMATION ( NIFTY )

Detail of Chart On the Above given chart of Nifty has applied the MACD along with Fibonacci
retracement these are the trend identifying pattern and made the Support and Resistance
level on the other hand in Nifty daily chart that made the long-legged Doji pattern on
the daily candlestick charts and a hanging man-like pattern on the weekly charts. Nifty is
around its strongest Support level its around 7700. The Technically Nifty in daily chart is
look in down side on the other hand we are expecting that if the Nifty is able to sustain
the level of 7700 we may witness the rally toward the Bull Movement and if it is
breaking the level we may witness Bearish movement in Nifty, The strong Support for
Nifty is 7700-7650 and Resistance is 7750-7800.

PATTERN FORMATION ( BANK NIFTY )

Details of ChartOn the Above given weekly chart of Bank Nifty applied Parabolic SAR and with channel
line it is also made the rising wedge pattern which is the crucial trend reversal signal, the
Bank Nifty is around its crucial Support and resistance level. The parabolic SAR is also
near the price value of the stock we are expecting that if the Bank Nifty is able to sustain
the 15600 level and not breaking the level of crucial Support of 15500 that will be head
toward the bull on the other hand if it is not Sustaing the support level we may witness
the bear movement of the index and can break the level of 15000 which is the strong
support for bank Nifty.

NSE EQUITY DAILY LEVELS

COMPANY NAME
ACC
ALBK
AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BANKINDIA
BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ

R2

R1

PP

S1

S2

1447
61
241
890
459
2460
158
104
118
340
521
290
123
3037
354
3899
830
1129
1076
3005
89
879
242
334
972
1240
68
685
1256
1211
38182
3765
210
99
52
394
1045
568
51
199
94
826
394
67
328
142

1430
59
238
879
454
2443
155
102
117
338
519
289
121
3029
351
3884
826
1122
1072
2990
88
874
241
341
967
1232
66
682
1250
1199
37754
3747
209
98
51
391
1041
566
51
198
93
820
391
67
325
141

1401
57
234
872
447
2411
150
99
116
335
517
289
120
3018
350
3874
821
1117
1069
2974
87
868
239
329
961
1223
63
681
1245
1193
37271
3732
208
97
51
385
1038
561
50
196
91
816
387
66
319
139

1384
55
231
861
442
2394
147
97
116
333
515
288
118
3010
347
3859
817
1110
1065
2959
87
863
238
326
956
1215
61
678
1239
1181
36843
3714
207
96
50
382
1034
559
50
195
90
810
384
66
316
138

1355
53
227
854
435
2362
142
94
115
332
513
287
116
2999
346
3849
812
1105
1062
2943
86
857
236
324
950
1206
58
677
1234
1175
36360
3699
206
95
49
376
1031
554
49
193
88
806
380
65
310
136

TOP 15 ACHIEVERS

SR.NO

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

SCRIPT NAME

PREV
CLOSE

CMP

//

% CHANGE

IDEA CELLULAR

102

110

+8.38 %

TATA POWER CO.

61.80

66.35

+7.36 %

EICHER MOTORS

18236

19405

+6.41 %

BAJAJ AUTO LTD.

2310

2443

+5.76 %

TATA STEEL

309

321

+3.79 %

HERO MOTOCORP

2861

2969

+3.76 %

BANK OF BARODA

146

151

+3.62 %

YES BANK LTD.

832

862

+3.60 %

GRASIM INDS.

3749

3867

+3.16 %

INFOSYS

1189

1225

+2.97 %

WIPRO LTD.

552

568

+2.88 %

ADANI PORTS

239

246

+2.71 %

ICICI BANK

233

239

+2.70 %

ACC

1365

1401

+2.65 %

TATA MOTORS LTD

377

386

+2.58 %

SR.NO

1
1.66+2.66+3.66+4.
T662+5.
T66
A167A167A167A167A16
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02
5
A
P345A
P345A
P345A
P345A
P34
JO14.%JO14.%JO14.%JO145.%JO14
A
037A
W
W037A
W037A
W037A
W03
H
JE22+6H
JE22+6H
JE22+6H
JE226+6H
JE22
EA
R893EA
R893EA
R893EA
R893EA
R89
R
U66.%R
U66.%R
U66.%R
U667.%R
U66
O
TC197O
TC197O
TC197O
TC197O
TC19
YO88+6YO88+6YO88+6YO888+6YO88
M
.E363M
.E363M
.E363M
.E363M
.E36
O
L22.%O
L22.%O
L22.%O
L229.%O
L22
ST 6ST 6ST 6ST 6ST
IO
+0IO
D11+0IO
D11+0IO
D11+0IO
D11
D11
10
122 122.C122.C122.C12
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N .C
N N N N
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O82.%B
O82.%B
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O82
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A
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P22+7A
P22+7A
P22+7A
P22
P22
12
O
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4
2
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1 11
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N N N N N
SC342SC342SC342SC342SC34
LI 60.%LI 60.%LI 60.%LI 60.%LI 60
516C516C516C515
16C51
TC
P TP TP TP TP
5 5 5 5
D O
D O
D O
D O
D
O

TOP 15 LOOSERS

SCRIPT NAME

LUPIN LTD.

PREV CLOSE

CMP

1549

1445

1253

1190

% CHANGE

-6.66 %
T M&M
T T

-4.97 %
HDFC

1168

1114

BONGC
B B

216

207

SUN PHARMA

844

815

CIPLA

535

517

BHARTI AIRTEL

350

339

GAIL LTD.

361

350

COAL INDIA LTD.

294.40

285.50

TECH MAHINDRA

484

472

BOSCH LTD.

20172

19842

DR.REDDY LABS

3057

3015

RELIANCE

1047

1036

SBI

197

195

TCS

2473

2470

-4.58 %
-3.79 %
-3.46 %
-3.33 %
-3.21 %
-3.01 %
-3.02 %
-2.34 %
-1.46 %
-1.39 %
-1.06 %
-0.84 %
-0.12 %

.R %.R %.R %.R %.R

NEXT WEEK STARS( AS PER ECHNICAL

PRIDICTION )
T T ANALYSIS
T T T
+13.67 AMBUJAS CEMENT
AM 204
232
S S S S
%
BUJ 18128
2.
B
20371 +12.37 3.
B 12+4.12+5.12+6.12+7.
B12+B B B
%
1
1
1
1
A
OSC
80O80O80O80O801
ACC 1240
1385 +11.68 OSCH
ACC
2 2 2 2 2
NSE
FUTURE
CEM
%
H
LTD.
13. S13. S13. S13. S13.
ENT
LTD.
273C273C273C273C273
817H817H817H817H817
NSE FUTURE : SELL MCLEODRUSS FUTURE BELOW 184 TGT 178.50 SL 186
%
L %L %L %L %
TTTT
NSE FUTURE : BUY DRREDDY FUTUREDABOVE
D D D 3064 TGT 3125 SL 3039
. . . .
NSE FUTURE : SELL GRANULES FUTURE BELOW 119.85 TGT 116.85 SL 120.50

NSE FUTURE : SELL SBIN FUTURE BELOW 192.75 TGT 185.75 SL 196.75

NSE FUTURE : BUY BRITANNIA FUTURE ABOVE 2735 TGT 2795 SL 2710

111- 211- 311- 4M

11- 5
M11
&214&214&214&214&21
M
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309 309 309 309 30
O22-7O22-7O22-7O22-7O22
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C 7C 7C 7C 7C
C55-9C55-9C55-9C55-9C55
I 313I 313I 313I 313I 31
P57.%P57.%P57.%P57.%P57
L 3L 3L 3L 3L
G
A33-3G
A33-3G
A33-3G
A33-3G
A33
A653A653A653A653A65
I 10.%I 10.%I 10.%I 10.%I 10
L 0L 0L 0L 0L
T44-1TL44-1TL44-1TL44-1TL44
EL872ET872ET872ET872ET87
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D42.%C
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R
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M00
.A51.%.A51.%.A51.%.A51.%.A51
R
H753R
H753R
H753R
H753R
H75
SEI 11-9SEI 11-9SEI 11-9SEI 11-9SEI 11
B
D
D
D
D
D
N990B
N990B
N990B
N990B
N99
ID75.%ID75.%ID75.%ID75.%ID75
YR 8YR 8YR 8YR 8YR
A 4A 4A 4A 4A
L L L L L
A %A %A %A %A
B B B B B
S S S S S

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
World expects much from India, in terms of contributing to global growth: PM - PM
Narendra Modi has given the speech at the Bloomberg India Economic Forum-2016. The
world expects much from India, in terms of contributing to global growth. To the extent
that time permits, I would like to place before you my thoughts on how India intends to
meet the challenge. I will touch upon three major areas. Firstly, I will discuss Indias
economic growth. Secondly, I will outline some of the administrative and policy reforms
that have created and will sustain that growth. Thirdly, I will elaborate on an aspect of
economic development which is of particular importance to me, namely job creation.
Experts are unanimous that India is one of the world economys brightest spots. We have
low inflation, a low balance of payments current account deficit, and a high rate of
growth. This is the result of good policy, not good fortune.

Govt plans to infuse Rs. 5,050 crore in PSU banks - The government is planning to
infuse additional capital of about Rs. 5,050 crore in some public sector banks this week,
according to reports. Parliament has approved Rs 5,050 crore for meeting additional
expenditure on recapitalisation of public sector banks, as per a report. The likely
contenders for the fresh round of infusion include Central Bank of India, Indian Bank,
UCO Bank, Oriental Bank of Commerce, Vijaya Bank and United Bank of India, report
added.

FM Arun Jaitley on rate cut by RBI: I want what everybody wants - Indicating his
desire for the Reserve Bank to cut interest rates at its monetary policy review next week,
Finance Minister Arun Jaitley has said he wantswhat everybody wants. The government
has done its bit by sticking to fiscal consolidation path to contain deficit at 3.9 per cent of
GDP this fiscal and further cut it to 3.5 per cent of GDP in the year beginning April.
Also, the government has lowered small savings interest rates to make room for lower
lending rates. He said that i want what everybody wants.

Resolved various legacy issues, moving to 25% corporate tax rate: FM Arun Jaitley
- Finance Minister Arun Jaitley said the Indian government has resolved various legacy
issues with regard to taxation and is gradually working to bring down the corporate tax
rates to the global level at 25 per cent from 30 per cent currently. The Finance minister
further said that India achieved over 7.5 per cent growth rate despite global headwinds
and the effort of the government would be to improve it further by promoting ease of

doing business and attracting more foreign investment and preventing domestic investors
from going abroad.

India expected to achieve growth rate of 8% and above: FM Jaitley - Finance

Minister Arun Jaitley said, India expected to achieve growth rate of 8% and above in the
coming years.India continues to be one of the fastest growing economies in the world.
India is yet to realise its full potential of growth. Even during the global economic turmoil
in the past, India has always showed resilience. Mentioning the significant improvement
in the macroeconomic stability, as reflected in low levels of inflation, contained fiscal
deficit and Current Account Deficit, he said that this has been in spite of uncertain global
economic situation.

'Make in India' critical for growth: Industry leaders - Indian industry leaders today
hailed the government's flagship 'Make in India' programme, saying the initiative is
critical to the country's growth as it gives boost to manufacturing and generates
employment. The remarks from the industry leaders came after Finance Minister Arun
Jaitley launched the 'Make in India' conference here on the second day of his four-day
visit to Australia.

RBI Monetary Policy Preview: Expectation of rate cut by 25 bps - After keeping the
interest rates unchanged during the last two monetary policy reviews, RBI is now
expected to initiate a move during April. At the onset of this calendar year, the central
bank had set the onus on the incumbent regime, wherein the government was expected to
strike a balance between growth and fiscal prudence, which can provide the much needed
leeway to act on the rates. Effectively, optimism emanated from the Union Budget for
Fiscal Year. The budget was based on various aspects, including agriculture, rural
population, social welfare, infrastructure, financial reforms, tax reforms and ease of doing
business. In this respect, the finance Minister announced that the fiscal deficit target of
3.9 % for this year is met and target of 3.5 % has been maintained for the next fiscal year.
The fine balancing act between fiscal prudence and growth can now persuade the Reserve
Bank of India to lower the interest rates.

US investment in India has outpaced China since Narendra Modi government came
to power - The US administration has said that the United States has stepped up
investment in India since the advent of the Narendra Modi government in the country,
outpacing its investment in China. "The high-level engagements between our two
countries since May of 2014 include six at the leader-level, including the Nuclear
Security Summit this week, and we could well see more before the end of the

administration," US Assistant Secretary of State Nisha Desai Biswal said.

Oil prices will remain weak through medium term: Moody's - Moody's Investors
Service said, the recent modest recovery in oil prices will only provide minor relief from
severe stress for companies that incurred large amounts of debt to ramp up supply that
now significantly exceeds demand. The markets will limit capital access to spec-grade
energy companies until high crude inventories decline and there is evidence of sustained
OPEC production cuts. Our ratings do not move in lockstep with our price estimates, but
should be viewed in the context of our pessimistic medium-term outlook for the energy
industry.

China's manufacturing PMI snaps losing streak; PMI at 50.2 in March - The
seasonally adjusted PMI a composite indicator designed to provide a single-figure
snapshot of operating conditions in the manufacturing economy Registered 49.7 at the
end of the first quarter, up from 48.0 in February. Despite remaining below the crucial
no-change 50.0 value, it was the highest index reading in 13 months and signalled only a
fractional deterioration in the health of the sector. Chines Manufacturing PMI increase in
first time in this year.

India's external debt went up to $ 480 billion at end-December: Finance Ministry India's total external debt inched up marginally to $480.2 billion at December-end
compared to March-end last year, finance ministry said in a report. The total external debt
stock at December-end recorded an increase of $4.9 billion over its level at March-end.
Government external debt stood at $90.7 billion at December end 2015 while nongovernment debt amounted to $389.5 billion.

TOP ECONOMY NEWS

The Delhi government presented an annual budget of Rs. 466 billion for 2016-17, an
increase of Rs. 88.5 billion over last year.

The newly constituted Board of Trade, a top advisory body on external commerce, is
expected to meet on April 6 to discuss on the ways to boost exports.

Telecom Regulatory Authority of India is likely to revert within 15 days on its stand on
the sale of 700 MHz spectrum to the Department of Telecommunications.

Indian refineries are on track to meet the strict timeline for supplying superior quality and

less Polluting Petrol and diesel confirming to Euro-VI norms by April 2020, IOC Director
said.

India's Defence Procurement Policy would be launched online during Defence Expo
India-2016, Defence Minister said.

EPFO will park more funds in public sector bonds to boost government's infrastructure
development programmes and continue to invest in equities, Union Labour Minister said.

The government permitted 100% FDI in the market place format of e-commerce retailing
with a view to attract more foreign investments.

Employees Provident Fund Organisation allowed interest payments on inoperative

accounts with effect from April 1, 2016, reversing a five-year-old decision by the UPA
government.
RBI said foreign investors will be allowed to buy up to Rs. 275 billion in additional
sovereign debt starting next month, as part of its previously announced plan to allow
increased overseas investments.

India is expected to produce 25.64 million tonnes of sugar in the 2015/16 cane crushing
season that began in October, a government source said, lower than the previous official
forecast of 26 million tonnes.

National Bank of Agriculture and Rural Development said it has disbursed Rs. 25 billion
in refinance to non-banking lenders in the first year of starting the facility.

Indian corporates raised over US$1.35 billion from overseas markets in February, down
40.2% over the same month a year ago, RBI data showed.

The state-run Maharashtra State Electricity Distribution Company has proposed an

average tariff hike of 5.5% for 2016-17 across its 25 million consumers. In its petition
before the Maharashtra Electricity Regulatory Commission , it has argued that the rise in
tariff is necessary to meet the revenue gap of Rs. 389.8 billion.

Capital goods has been one of the most beaten-down sectors over the past two years. As
industrial growth slowed and the capex cycle came to a grinding halt, order books got
squeezed, hurting both top lines as well as bottom lines of companies in this space. Policy
hurdles and project delays also took their toll on the companies from this space.

The Asian Development Bank has revised India's growth rate to 7.4% in 2016-17 from
7.6% estimated this year, but said India will remain one of the fastest growing economies
in the world.

Granting long-term relief to domestic steel producers, the central government extended
the safeguard duty on the select steel imports for two years.

Government and the World Bank today signed a US$1.5bn loan agreement for the
Swachh Bharat Mission to support India's universal sanitation initiative.

Reserve Bank of India has revised the overseas borrowings or external commercial
borrowings framework for Indian firms.

Pegging India's GDP growth rate at 7.6% for the fiscal 2015-16, Finance Minister said it
is "much less" than its potential and expressed hope for better numbers next year.

In what could be a reverse trend of three-month long decline in the industrial production,
eight core sector industries grew at a year's high of 5.7% in February, almost double the
rate of 2.9% a month ago. These industries had expanded 2.3% in February, 2015. The
surge is mostly driven by cement and fertilisers.

Japanese state-owned lender, Japan International Cooperation Agency , announced it has

signed an agreement with the Indian rail ministry to provide a loan of Rs. 61.7bn as
Official Development Assistance for funding a stretch of the Western arm of the
ambitious Dedicated Freight Corridor Corporation Project.

TOP CORPORATE NEWS Natco Pharma has received eight observations for its formulation plant at Kothur near
Hyderabad and API facility at Manali , following inspections by the USFDA in the
months of February and March.

Cadila Healthcare has acquired Actibile, a gastroenterology brand from Albert David
for an undisclosed sum.

Dr Reddy's Laboratories has entered into a US licensing pact with XenoPort for the
development and commercialisation of latter's clinical-stage oral new chemical entity

XP23829.

Glenmark Pharmaceuticals has received final approval from the US health regulator
USFDA for oral contraceptives and leukemia treatment injection.

BHEL Ltd. has commissioned second 40 Mw hydropower generating unit at the Teesta
low dam hydro electric project stage-IV in West Bengal.

ONGC Ltd. said its board has approved a Rs. 340 billion investment plan to bring into
production a flagship hydrocarbon block in the Krishna-Godavari basin off the Andhra
coast.

Biocon Ltd. has got approval from Japan's health ministry to sell its biosimilar insulin
Glargine in disposable pens in the the country, the second largest market for insulin
outside of the US and Europe.

L&T Finance Holdings subsidiary L&T Infrastructure Finance Company plans to raise
up to Rs. 2 billion through issuance of non-convertible bonds on a private placement
basis.

Lloyd Electric and Engineering announced the acquisition of Noske-Kaeser's rail and
vehicles business in select markets for 2.3 mn euros.

Inox Wind Ltd. has announced that continuing Company expansion in southern states of
India, Inox Wind Infrastructure Services Limited, a Wholly Owned Subsidiary of Inox
Wind Limited has acquired Sarayu Wind Power Private Limited, with effect from March
25, 2016.

Wipro Ltd. announced a five-year partnership with Jubilant FoodWorks Limited, master
franchisee for Domino's Pizza and Dunkin' Donuts in India and the leader in the Quick
Service Restaurant space in the country with over 1000 restaurants in India, to deliver
energy management services and help reduce its energy and operational costs.

Nestle India Ltd has announced that the Board of Directors of the Company, on the
recommendation of the Nomination and Remuneration Committee, on March 28, 2016,
appointed Dr. Rakesh Mohan as an Independent Non-Executive Director of the Company
with effect from May 01, 2016 upto June 30, 2020

TVS Motor Company announced the launch of its new four stroke TVS XL 100 in
Maharashtra. The all new TVS XL 100 has been designed to meet the evolving needs of
todays customer.

Ashok Leyland has won orders valued at Rs. 8 billion from the Indian armed forces. The
company will supply Field artillery tractor, super stallion vehicles and ambulance.

Lupin Ltd. has received a total of three observations relating to violation of production
norms at manufacturing facilities at Mandideep, Madhya Pradesh from the US Food and
Drug Administration.

Reliance Defence Ltd, a 100% subsidiary of Reliance Infrastructure Ltd, and Rafael
Advanced Defence Systems Ltd have decided to set up a joint venture company in India
in the areas of air-to-air missiles, air defence systems and large aerostats.

Aurobindo Pharma Limited has received final approval from the US Food and Drug
Administration to manufacture and market rivastigmine tartrate capsules USP in 1.5 mg,
3 mg, 4.5 mg and 6 mg strengths.

Adani Ports and special economic zone said it has raised Rs 5 billion through issue of
debentures on private placement basis.

Reliance Capital announced completion of additional 23% stake sale in Reliance Life
Insurance to Nippon Life Insurance.

Tata Motors signed a memorandum of understanding with the Maharashtra ExServicemen Corporation, for creation of employment opportunities for ex-servicemen of
Indian Army. This is in response to Tata Motors solution for the Defence Ministry's
prestigious US$10 billion combat vehicle programme.

Larsen & Toubro said it has sold its entire 89% stake in L&T Infocity Ltd to
Hyderabad-based Ace Urban Developers Ltd for Rs1.9 billion.

Reliance Power said Appellate Tribunal for Electricity has upheld its plea on Sasan ultra
mega power project, paving the way for the company to receive Rs10.5 billion from the
buyers of its electricity.

Reliance Infrastructure wholly owned subsidiary Reliance Defence said it will enter
into a joint venture with Ukraine's Antonov, makers of AN 32 aircraft in service with the
IAF, in the field of transport aircraft for military and civil uses.

TOP BANKING AND FINANCIAL NEWS OF THE WEEK

Syndicate Bank has informed BSE that a meeting of the Board of Directors of the Bank
is scheduled to be held on March 31, 2016, for considering issuance of equity shares of
the face value of Rs. 10/- each aggregating up to Rs. 740.00 Crore by way of preferential
allotment in favour of Government of India.

Government will provide sufficient funds to recapitalise public sector banks to ensure
that they play a significant role in boosting growth, Finance Minister Arun Jaitley said.

The Reserve Bank of India has told the Supreme Court that corporate loan defaults may
not always be the promoters' fault or mala fide and may sometimes be due to external
factors beyond their control such as cyclical ups and downs of an economy.

State-run Bank of India today said the government has approved a capital infusion of Rs
1,150 crore in lieu of preferential allotment of shares.

State-run Vijaya Bank today said the government has approved a capital infusion of Rs
220 crore in lieu of preferential allotment of shares.

State Bank of Hyderabad has crossed a business of Rs 2.50 lakh crore in the current
financial year ending tomorrow as it gets ready to celebrate platinum jubilee in 2016-17.

Oriental Bank Of Commerce has informed the Exchange that the Department of
Financial Services, Ministry of Finance , Government of India has conveyed its decision
to infuse capital funds to the tune of Rs. 300 crore in the Bank by way of preferential
allotment of equity in favour the Government of lndia.

State Bank of India and Bank of Baroda have taken the lead in setting lower lending
rates based on the Marginal Cost Lending Rate system that will benefit millions of
borrowers. However, those who have home loans may not get the benefits every quarter
as rates may be reset once a year. But the flip side of it is that they wouldn't be hurt
immediately whenever the rates go up either.

Vodafone is in initial talks with the Piramal group and HDFC Bank to sell as much as
49% of its payments bank arm, more than the 26% it has to compulsorily divest, with an
aim also to cross-sell financial services products from the eventual partner, three people
familiar with the matter said.

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