RBI extends period of enhanced PPI limit

Reserve Bank today extended the period of enhanced Prepaid Payment Instruments limit of Rs 20,000 as part of efforts to promote digital payments.

Considering that the Bank is undertaking a comprehensive review of the guidelines and framework for Prepaid Payment Instruments (PPI) issuance in the country, it has been decided to extend the measures till the completion of review of the PPI guidelines, RBI said in a notification.

The decision comes on the day when the enhanced limit from Rs 10,000 to Rs 20,000 came to an end. 

At present, 47 non-bank entities and 45 banks are operating payment systems for PPI.

To meet the transactional needs of the public through digital means, RBI had introduced additional measures by way of special dispensation for small merchants and enhancement in limits for semi-closed PPIs.

While balance in such PPIs cannot exceed Rs 20,000 at any point of time, the merchants can transfer funds from such PPIs to their own linked bank accounts up to Rs 50,000 per month, without any limit per transaction.

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 29 DEC 2016

CS NIFTY FUTURES (DEC) OVERVIEW

TREND BEARISH

RES2:8175

RES 1:8125

SUP1:7975

SUP2:7925

CS BANK NIFTY FUTURES (DEC) OVERVIEW

TREND BEARISH

RES 2:18175

RES 1:18075

SUP1:17825

SUP2:17725

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 26 DEC 2016

CS NIFTY FUTURES (DEC) OVERVIEW

TREND BEARISH

RES2:8125

RES 1:8075

SUP1:7925

SUP2:7875

CS BANK NIFTY FUTURES (DEC) OVERVIEW

TREND BEARISH

RES 2:18175

RES 1:18075

SUP1:17825

SUP2:17752

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RInfra exits IEX, sells 4% stake for Rs 103 cr to an FPI

Reliance Infrastructure has sold its entire 4.12 % stake in India Energy Exchange (IEX) for Rs 103 crore, about 10 times higher than the purchase value, to a foreign portfolio investor, sources said.

IEX is the country's largest power exchange. This comes after Jindal Steel & Power sold 4.12 % in IEX to Motilal Oswal PE in March and global investment firm Bessemer selling its stake in two separate deals, to TVS Capital and the Dalmia group.

IEX has nine % of the total power market and R-Infra was a primary investor. It bought the 4.12 % stake in 2007 for Rs 1.25 crore.
 
The company is reportedly in talks with Canada-based Brookfield Asset Management to sell its entire portfolio in that segment. This is part of the company's strategy to restructure its heavy debt by exiting from capital-intensive businesses.
 
R-Infra is also present across the value chain of power businesses i.e. generation, transmission, distribution and power trading. It also provides engineering, procurement and construction services for developing power and road projects.
 
It reported a 33.8 % rise in consolidated net profit at Rs 570 crore for the quarter ended September, from one of Rs 426 crore in the same period a year before.
 
The company is targeting projects worth Rs 2 lakh crore planned by the government across infra segments, it had earlier said.
 
R-Infra's Mumbai Metro (Rail) earned a revenue of Rs 61 crore in the September quarter, an increase of 13 % over the same period a year before.

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CS ROCKING PERFORMANCE OF THE DAY - 23 DEC 2016

STOCK FUTURES:

FUTURES INTRADAY:

GAIL INDIA FUTURE BUY   CALL  3^RD TG

L&T FUTURE SELL CALL  1^ST  TG

PREMIUM FUTURES:

SELL JSWSTEEL FUTURE 

SELL DIVISLAB FUTURE SELL CALL 3^RD TG

SELL DIVISLAB FUTURE SELL CALL 1^ST TG

NIFTY FUTURES:

BANK NIFTY SELL 2^nd TG (yesterday call)

OPTION

maruti 5100 DEC.call final  tg

beml 960 call DEC. 1^st tg

OPTION PREMIUM:

BUY AUROPHARMA 660 DEC.PUT buy call 2n tg ( yesterday call)

STOCK CASH

STOCK CASH INTRADAY:

BUY DWARKESH buy call 3^rd tg

STOCK CASH  PREMIUM:

BUY DWARKESH buy call3rd tg ( booked at 305.00)

STOCK SUPER PREMIUM

BUY ENGINEERS INDIA IN CASH hold for tomorrow

EQUITY KING CALL

MARUTI FUTURE MADE HIGH 5207.80 NR FINAL TGT 5210 BOOK FULL PROFIT NR IT

OPTION STRATEGY

CLOSE M&M CALL 1200 POSITION GIVEN ON 21 DEC sl trigerred

GAILINDIA CALL 430 TRADING NR 6.95 BOOK 50% PROFIT HOLD 50% FOR TGT 9

AXIS BANK 440 DEC. PUT WAS BOUGHT NR 6.5 CLOSED AT 8 HOPE U HAD BOOK PARTIAL PROFIT,POSITION HOLD FINAL TG 9.5, SL 3.6

BHARAT FINANCIAL INCLUSION 520 DEC. PUT TRADING NR CMP 16 BOOK PARTIAL PROFIT, FINAL TG IS 20, SL 7

HNI CASH CALL

BUY BEML buy call in cash final tg ( booked at 983.00) & hold for tomorrow

HNI FUTURE CALL

SELL APOLLO HOSPITAL FUTURES hold for tomorrow

HNI option CALL

HINDALCO PUT 160 MADE HIGH 3.30 BOOK 50% PROFIT,HOLD 50% FOR FINAL TGT 4

BEML CALL 960 MADE HIGH 29.95 FINAL TGT 30 ALMOST ACHIEVED BOOK FULL PROFIT NR IT

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 22 DEC 2016

CS NIFTY FUTURES (DEC) OVERVIEW

TREND TO SIDEWAYS BEARISH

RES2:8215

RES 1:8155

SUP1:8070

SUP2:8025

CS BANK NIFTY FUTURES (DEC) OVERVIEW

TREND TO SIDEWAYS BEARISH

RES 2:18475

RES 1:18375

SUP1:17975

SUP2:17875

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CS ROCKING PERFORMANCE OF THE DAY - 21 DEC 2016

STOCK FUTURES:

FUTURES INTRADAY:

M&M  FUTURE BUY CALL  2^ND TG

PETRONET  FUTURE SELL CALL  2^ND TG

PREMIUM FUTURES:

SELL SUNPHARMA FUTURE sell call 1^st tg

NIFTY FUTURES:

OPTION

zeel 450 call  HOLD FOR TOMORROW

OPTION PREMIUM:

BUY SUNPHARMA 630 DEC.PUT buy call 1^st tg

STOCK CASH

STOCK CASH INTRADAY:

JUBLINDS IN CASH sl trigerred

BUY VIMTALABS exit AT PRICE 106.75-107.70

BUY DLF buy call 1^st tg

STOCK CASH  PREMIUM:

BUY M&M HOLD FOR TOMORROW

BUY IOC IN CASH HOLD FOR TOMORROW

STOCK SUPER PREMIUM

PFC IN CASH TRADING NR 130.30 BOOK PARTIAL PROFIT SECOND TGT 133

EQUITY KING CALL

SELL L&TFH FUTURE sl trigerred

IOC FUTURE TRADING NR 308.30 BOOK 50% PROFIT HOLD 50% WITH SL FOR TGT 310

CEAT LTD. FUTURE WAS SOLD NR 1162 TRADING NR 1153 BOOK 75% PROFIT, FINAL TG IS 1145

OPTION STRATEGY

TCS CALL 2300 MADE HIGH 50.25,50% PROFIT ALREADY BOOKED HOLD 50% FOR TGT 60

PETRONET 360 PUT MADE HIGH 8 FINAL TGT IS 9..KEEP SL AT COST

BUY M&M 1200 CALL HOLD FOR TOMORROW

HNI CASH CALL

HNI FUTURE CALL

HNI option CALL

BUY BANK NIFTY 18000 29DEC. EXPIRY PUT sl trigerred

BUY SBI 250 DEC. PUT NEAR HOLD FOR TOMORROW

BUY CEAT LTD. 1160 DEC. PUT  HOLD FOR TOMORROW

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CS NIFTY FUTURES & BANK NIFTY FUTURES OVERVIEWS - 20 DEC 2016

CS NIFTY FUTURES (DEC) OVERVIEW

TREND BEARISH

RES2:8215

RES 1:8155

SUP1:8075

SUP2:8025

CS BANK NIFTY FUTURES (DEC) OVERVIEW

TREND BEARISH

RES 2:18525

RES 1:18455

SUP1:18150

SUP2:18075

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GST can be rolled out anytime between Apr 1-Sept 16, says FM

Amid signs of slippage of the April 1 GST rollout target, Finance Minister Arun Jaitley today said pending resolution of "turf" issues, GST is a transactional levy that unlike income tax can be implemented anytime during the year.

The Goods and Services Tax (GST), he said, can be implemented anytime between April 1 and September 16, 2017, in accordance with the constitutional amendment legislation that allows a national sales tax by subsuming central and state levies.

The GST Council has resolved 10 issues and only one pertaining to administration of tax is pending, he said.

"It is a transactional tax and not an income tax.

Transactional tax can start in any part of the financial year and therefore, the range of timing when it has to come into force because of constitutional necessity is April 1, 2017 to September 16, 2017. Hopefully, the earlier we do, the better it is for the new taxation system," Jaitley said at the annual general meeting (AGM) of FICCI here.

Saying GST will usher in a common taxation and should lead to a federal bureaucracy, Jaitley felt that both the Centre and states should figure out sharing of the tax assessment.

Ideally, he said, it should be proper for the issues to be resolved at the beginning of financial year on April 1 for the new regime to kick in. "But then, in any case, nobody has the luxury of time," he cautioned.

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