MARKET Diary

1-Feb-17

Market

Nifty Intraday Chart

Market
Morning Traded Market

Value

% Change

KEY LEVELS

SGX NIFTY

8,614.00

0.45%

Support 1 : 8480
Support 2 : 8135

NIKKIE

19035.52

-0.03%

HANG SENG

23,360.00

-0.06%

Sensex
Nifty

27,655.96
8,561.30

-0.70%
-0.83%

DOW
NASDAQ

19,864.00
5,614.79

-0.54%
0.02%

CAC

4,773.00

-0.24%

DAX

11,575.98

-0.91%

FTSE

7,113.43

-0.07%

Resistance 1: 8736

Yesterday Closing Market

Market Outlook
Indian equities gave a volatile movement
Event Today ahead of the announcement of Union
Budget for the FY 2017-18 and after opening
Quarterly Results
on a shaky note, Nifty fell to make a low of
ALKYLAMINE, APOLLOTYRE 8555.45 yesterday. At the end of the day the
BASF , CCL , CUMMINSIND index closed at 8561.30. The midcap and
small indices also moved in line with the
EICHERMOT , EQUITAS
GPPL , HIKAL , HIMATSEIDE benchmark index and closed the day after
MAHASTEEL , PIDILITIND losing near 1% each.
On the sectoral front, selling pressure was
RPGLIFE , SBT , SUVEN,
witnessed in Information
Technology,
TAJGVK , TATAGLOBAL ,
Auto and Pharmaceutical stocks while FMCG
index has shown some strength.
Concall
The Economic Survey 2016-17 has
Mphasis : 9:00 AM
mentioned that the gross NPAs of the public
Eicher Motors : 2:30 PM
sector banks has climbed to almost 12% of
Majesco : 5:00 PM
their gross advances at the end of
September 2016. At this juncture, countrys
Kaya Limited : 6:00 PM
NPA ratio is higher than any other major
emerging markets, exceptionally Russia.
Interim Dividend Budget 2017 to be presented today.
Technically Nifty is attempting to break
GMM : Rs 0.7/- share
higher levels but budget remains key.
HCLTECH : Rs 6/- share
Derivative structure suggests that trader has
RBL : Rs 6/-share
usually built long straddle/ strangle coming
into the event. This will restricts one side
(Exdate : 1.2.2017)
movement of the market. Usually one is
advised to trade along the momentum on
event days, but looking at Nifty open
interest , we recommend taking contrarian
bets today.

EW ALL SHARE

15,483.69

-1.15%
% Change in 1 day

Commodity Price ( Yesterday Closing )

Commodity/Currencies
GOLD
SILVER
CRUDEOIL
NATURALGAS
DOLLAR/RS.
EURO/RS.
POUND/RS.

Value

% Change

28942.00

1.47%

41911.00

1.30%

52.75

-0.11%

212.80

0.93%

67.87

-0.12%
-0.02%
0.02%

72.85
84.90

% Change in 1 day

Institutional Turnover
FII
Investor

Buy(Cr.)

Sale(Cr.)

Net(Cr.)

4609

5142

(533)

Jan-17

76435

77484

(1049)

2017

76435

77484

(1049)

Buy(Cr.)

Sale(Cr.)

Net(Cr.)

3726

3489

237

Jan-17

49775

45264

4511

2017

49775

45264

4511

31-Jan-17

DII
Investor
31-Jan-17

Quote of the Day : The four most expensive words in the English language are, 'This time it's different'." Sir John Templeton
Narnolia Securities Ltd

IEA Snapshot
KEC

"BUY"

1st Feb 2017

Revenue growth during the 9 months was in turmoil due to lower commodity price and demonetization. But the operating margin
continuous to accretive during the period. We expect 5% and 15% revenue growth in FY17E and FY18E based on the strong traction in
Transmission and railway business with strong operating margin. We anticipate boost in the bottom line on account of strong AR collection
which will result into lower interest cost going ahead. At current price of Rs. 148 stock is trading at 2.2x P/B and 5.8X of EV/EBITDA.
Considering the strong operating margin and healthy order book we are bullish on the stock. Hence, we upgrade our target price to Rs. 185
from Rs.165 and recommend to BUY.

IOC

"HOLD"

1st Feb 2017

Indian Oil Corporation has equipped with BS VI standard HSD and BS VI standard motor spirit and by October 2017, a new unit will go on
stream at the refinery, where only BS VI standard HSD and high quality motor spirit will be produced on a mass scale. This will help the
company to provide fuel to the nation as per the fuel standards provided by the government. In the month of December 2016, the
International crude oil prices have soared up which is offset by increasing the realization of petroleum products. Despite short term
uncertainties, we are optimistic in the long term. Considering above arguments we recommend HOLD rating in this stock while
maintaining the previous target price of Rs. 410
*For details, refer to our daily report- India Equity Analytics

Top News
Cadila Healthcare Concall Update:
5 New products have been launched in 3QFY17 30 new
ANDA's were filed in 3QFY17
Company has filed 2 new dossier and received approval for 1
dossier in 3QFY17
Company has received approval for 3 more vaccines from DCGI
Price erosion in US is still continued but rate of price erosion is
on decline.
Sales from all new acquisitions will start from 1QFY18.
Management refrains from giving any revenue guidance from
new acquisitions.
Cadila is still waiting for USFDA inspection for Maraiya facility.
Management expects to receive 20 new approvals in FY18
excluding appprovals from Moraiya facility, if Moraiya facility
receives approval then total number of approvals will be more
Capex including acquisition cost is Rs. 1000 Cr in FY17E. Most
of the capex includes M&A cost
Mgt Int : HDFC
>>Demonetisation is not purely the reason for the slightly
slower demand for housing loans
>>People have been holding back purchases assuming prices
will drop and that is why the sales for builders has been lower.
National Aluminium Company Limited (Nalco) and Neelachal
Ispat Nigam Limited (NINL) have signed an MoU to set up a joint
venture company for producing coal tar pitch in Odisha.

V-guard concall highlights:

South market was affected by demonetization specially Kerala. As per
the management thing are coming back to normal in Q4FY17.
There is some price hike in Q3FY17 and management expects Fan,
Pump and Stabilizer price will increase by 3-7% and price of wire will be
increase by 7-8% in coming quarters.
After coming GST, company will prefer its distribution through retailer
rather than wholesaler.
In Fan category organized share is 20%.
In FY18 management expects 15% growth and 13-15% growth in next
couple of years.
Tax rate for Q4FY17 will same as Q3FY17 i.e. 25% and for FY18 it will be
around 25-26%.
As per the management there is good demand in Fan and Pump.
During the quarter payable days was gone up by 42 to 45 days.
Company opened new branch in Indore.
Total capex for Sikkim expansion plant is Rs 40cr for manufacturing
Stabilizer and Electric water heater and both are expected to commence
ONGC Concall Update:
Revenue increment from crude oil is offset by the lower realisation in
natural gas
Opal project is commissioning in 4QFY17
Royalty paid on crude oil in 9 months of FY17 is Rs. 6720 Cr and Rs. 439
Cr in Natural gas
Dahej plant has been fully commissioned in this fiscal
Management has guided for Oil production of 26.2 MMT and 25.63
MMSCM Gas in FY17
Cpaex already done in 9 months of FY17 is Rs. 9000 Cr
Management has maintained capex guidance of Rs. 29000 Cr in FY17
Management has guided for debt guidance of 400 Cr increment from
FY16 level.

Narnolia Securities Ltd

F&O OPEN INTEREST ( Number of Contracts )

Individual

Foreign Institutions

MARKET MOVERS (1 MONTH CHANGE)

Nifty Movers

NSE Sectoral Indices Performance

TRADING IDEAS

Scrip

Reco

LT

Buy

BAJAJ-AUTO
Feb.2650 PE

Short
(1 lot =
250)

Initiation Price

1444

17

Target 1

1468

Target 2 Stop Loss

1487

Narnolia Securities Ltd

Rational

1424

The stock has found a good

support at 200
DMA and
thereafter has gained some
strength yesterday. Fresh buying is likely to
emerge in the stock at the current level.

26

After getting a strong support near Rs 2680, the

stock has given a sharp pullback rally since last
few days. In the short term it is very unlikely to
breach this level.

Result Calendar Q3FY17

BSE Code
526881
506767
506120
531978
532259
500877
539545
500042
519600
512018
500480
505200
539844
530117
534063
514167
533248
506076
524735
514043
531328
500208
533315
539276
513554
539594
539289
539200
500331
509220
537840
507300
532670
532983
532034
532191
530593
530239
532390
500800
532404
539661
500003
505216
530723
506820
505029

Company Name
63MOONS
ALKYLAMINE
ALNATRD
AMBIKCO*
APARINDS
APOLLOTYRE
APOORVA
BASF
CCL
CNIRESLTD
CUMMINSIND
EICHERMOT
EQUITAS
FAIRCHEM
FUTSOL
GANECOS
GPPL
GRINDWELL
HIKAL
HIMATSEIDE
IDEAOPT
INDUNISS
INOVSYNTH
KAYA
MAHASTEEL
MISHTANN
MJCO
NOBPOL
PIDILITIND
PTL
RAUNAQEPC
RAVALSUGAR
RENUKA
RPGLIFE
SAFALHBS
SBT
SIRHIND
SUVEN
TAJGVK
TATAGLOBAL
7TEC
ACEMEN
AEGISLOG
ALFREDHE
ASITCFIN
ASTRAZEN
ATLASCYCLE

Date
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
01-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17

BSE Code
531900
519588
522261
533264
500135
532511
523574
500142
532518
505714
532309
532296
533104
500163
533150
524314
500185
500187
539984
517044
505358
517063
517569
505890
532673
533289
531642
506867
503015
537092
512522
532416
531887
500354
532805
503691
517059
526807
539520
535602
520086
540211
516038
533121
521234
530231
533306

Narnolia Securities Ltd

Company Name
CCLINTER
DFM
DOLPHINOFF
ESL
ESSELPRO
EXCELCROP
FEL
FGP
FLORENCE
GABRIEL
GEPIL
GLENMARK
GLOBUSSPR
GODFRYPHLP
GODREJPROP
GUJTERC
HCC
HSIL
HUIL
IDM
INTEGRAEN
JETKINGQ
KEI
KENNAMET
KMSUGAR
KTIL
MARICO
MASCH
MODERN
MODEX
NEPTEXP
NEXTMEDIA
RAHME
RAJSREESUG
REDINGTON
SAHARA
SALZER
SEAMECLTD
SHAILJA
SHARDA
SICAL
SIFL
SOMAPPR
SQSBFSI
SRINACHA
SUBSM
SUMMITSEC

Date
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17

590072
500403
503816
532890
532349
533553
539658
512011
500414
522113
504966
500777
539141
512205
532401
501370
505163
523204
535755
539560
500410
539056
513349
523537
531677
531297
512433
508933
532330
506981
531495
532929
534804
531327
514366
540199
533309
532099
530643
531278
533477
500650
531599
500620
539991
532630
533282
532015
509152
538567
533520
500850
539083

SUNDRMBRAK
SUNDRMFAST
SWADPOL
TAKE
TCI
TDPOWERSYS
TEAMLEASE
TEATIME
TIMEX
TIMKEN
TINPLATE
TNPETRO
UFO
VATSAEDU
VIJAYABANK
WALCHPF
ZFSTEERING
ABAN
ABFRL
ABHIJIT
ACC
ADLABS
AJMERA
APMIN
ARISINT
ARTEFACT
ASUTENT
AYMSYNTEX
BIOPAC
BLUECHIPT
BLUECOAST
BRIGADE
CARERATING
CHARMS
CITIZYN
CMBL
DALMIABHA
DATABASE
ECORECO
ELIXIR
ENKEIWHEL
EXCELINDUS
FDC
GESHIP
GLOBE
GOKEX
GRAVITA
GRAVITY
GRPLTD
GULFOILLUB
IBWSL
INDHOTEL
INOXWIND

02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
02-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17

512405
513361
532617
500380
590066
502150
532924
523323
504258
506919
539207
539519
522249
532654
538942
500290
532376
520043
524709
524774
504058
500307
524414
500672
502165
539121
517417
539333
532460
530589
532689
539678
539814
505817
520008
531448
505141
521238
540203
540253
532221
533110
523756
532531
508963
511654
530677
535621
532375
500420
532928
505978
507747

Narnolia Securities Ltd

IPOWER
ISWL
JETAIRWAYS
JKLAKSHMI
KCP
KLYNCEM
KOLTEPATIL
KOVAI
LAKSELEC
MAKERSL
MANPASAND
MAYUKH
MAYURUNIQ
MCLEODRUSS
MERCANTILE
MRF
MRO-TEK
MUNJALSHOW
NAGAAGRI
NGLFINE
NIPPOBATRY
NIRLON
NORRIS
NOVARTIND
OCL
PALCO
PATELSAI
PENPEBS
PONNIERODE
PRIMAPLA
PVR
QUICKHEAL
RADHEY
REILELEC
RICOAUTO
SAFALSEC
SCOOTER
SEQUELE
SFL
SNTCL
SONATSOFTW
SPSL
SREINFRA
STAR
STRLGUA
SUGALDAM
SUPREME
SVGLOBAL
TIPSINDLTD
TORNTPHARM
TRIL
TRITONV
TTKHEALTH

03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17

534392
505533
500238
519214
532794
531161
532774
530499
524634
531406
511605
531017
507526
531795
505506
507944
513142
539251
532230
530095
511501
533276
513375
532885
539527
539197
532488
500124
532610
500940
536751
505744
524226
509597
504176
531661
523586
533033

VSSL
WESTLIFE
WHIRLPOOL
WILLIMFI
ZEEMEDIA
ABMKNO
AFL
AKCAPIT
ALUFLUOR
ANSINDUS
ARIHCAPM
ARISE
ASALCBR
ATULAUTO
AXONVL
BAJAJST
BALASORE
BALKRISHNA
BENGALT
BHAGWNME
BHARAT
BSLIMITED
CARBORUNIV
CENTRALBK
CREATIVE
DEVHARI
DIVISLAB
DRREDDY
DWARKESH
FINOLEXIND
FIVEXTRADE
FMGOETZE
GAEL
HARDCAS
HIGHENE
HITTCO
INDTONER
ISGEC

03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
03-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17

532209
524330
532644
523218
526947
523792
526935
520059
508875
535754
500322
500343
503031
539962
531572
507649
530517
533470
531869
504918
537068
532900
502450
531201
504398
522152
524667
513605
530419
526365
539488
531894
524200
538451
522108
500023
500052

J&KBANK
JAYAGROGN
JKCEMENT
KILBURN
LAOPALA
MAZDALTD
MBPARIKH
MUNJALAU
NITINCAST
ORIENTCEM
PANCM
PDUMJEPULP
PENINLAND
QFSL
RANJITSE
RASOI
RELAXO
RUSHIL
SACHEMT
SANDUMA
SATYA
SEINV
SESHAPAPER
SHILCTECH
SJCORP
SOLIMAC
SOTL
SRIPIPES
SUMEDHA
SWARNSAR
TFLL
VATSAMUS
VINATIORGA
WORTH
YUKEN
ASIANHOTNR
BEPL

04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
04-Feb-17
05-Feb-17
05-Feb-17

PAT
43
58
186
182
276
449
311
225
423
168
26
7

PAT Growth ( % )
0.40
-43.20
-8.00
-2.70
12.10
-22.40
82.90
-35.40
56.00
3.50
-15.60
34.70

Earning Estimate Q3FY17

BSE Code
539844
500410
531642
500331
532488
500124
532296
500420
505200
500480
532689
539207

Company Name
EQUITAS
ACC
MARICO
PIDILITIND
DIVISLAB
DRREDDY
GLENMARK
TORNTPHARM
EICHERMOT
CUMMINSIND
PVR
MANPASAND

SALES
sales Growth ( % )
212
39.70
2657
-6.70
1453
-5.00
1353
1.00
1035
21.50
3724
-6.10
2342
35.80
1477
-4.00
1844
-44.40
1222
6.50
551
10.00
99Narnolia Securities Ltd10.00

Result Q3FY17
BSE Code
532321
517506
500165
514162
530023
533023
500171
532659
530965
532977
500040
500228
500074
526642
511218
504112
512237
532938
500312
526299
532638
500179
508989

Country

US

UK/EURO ZONE

INDIA

Company Name
CADILAHC
TTKPRESTIG
KANSAINER
WELSPUNIND
FORTUNEF
WABCOINDIA
GHCL
IDFC
IOC
BAJAJ-AUTO
CENTURYTEX
JSWSTEEL
BPL
MIRZAINT
SRTRANSFIN
NELCO
JAICORPLTD
CAPF
ONGC
MPHASIS
SHOPERSTOP
HCL-INSYS
NAVNETEDUL

Monday
30th Jan 17

SALES
2363.80
428.00
1140.00
1500.90
37.73
534.42
660.00
2821.88
115644.00
5354.00
1962.54
14455.33
25.93
228.40
2716.94
36.49
146.01
717.31
20013.00
1536.10
1011.00
764.44
156.56

Sales Growth ( % )
0.94
(4.43)
18.16
11.74
(12.76)
23.71
(0.26)
30.66
39.03
(3.43)
4.63
67.67
141.66
5.74
6.66
7.26
5.95
44.74
8.78
1.28
13.18
(33.33)
(8.44)

Economic Calendar
Tuesday
Wednesday
31th Jan 17
1th Feb 17

ADP Non-Farm
Employment Change, ISM
Core PCE Price Index m/m,
Employment Cost Index q/q, Non-Manufacturing PMI,
Personal Spending m/m, Personal S&P/CS Composite-20 HPI Crude Oil Inventories, ISM
Income m/m, Pending Home
y/y, Chicago PMI, CB
Manufacturing Prices,
Sales m/m, Loan Officer Survey.
Consumer Confidence.
Total Vehicle Sales, FOMC
Statement, Federal Funds
Rate.

German Import Prices m/m ,

Spanish Flash CPI y/y, GfK
Consumer Confidence.

German Retail Sales m/m,

German Unemployment
Change, Net Lending to
Individuals m/m, CPI Flash
Estimate y/y, Core CPI Flash
Estimate y/y, Prelim Flash
GDP q/q, Unemployment
Rate.

Italian Manufacturing
PMI, Spanish
Manufacturing PMI,
French Final
Manufacturing PMI,
German Final
Manufacturing PMI,
Manufacturing PMI, EU
Economic Forecasts,
Manufacturing
PMI,Spanish 10-y Bond
Auction.

Economic Survey

Union Budget, Auto no,

Nikkei Manufacturing
PMI.

PAT
281.60
29.72
123.00
149.40
5.39
42.79
80.51
101.28
6400.00
924.00
(28.61)
819.18
0.20
17.16
345.96
2.29
(18.01)
55.72
4352.00
204.30
19.00
(54.22)
12.69

PAT Growth ( % )
(27.72)
(20.11)
45.70
(14.18)
102.63
(16.94)
21.41
(42.51)
109.37
22.56
174.83
(188.72)
(100.79)
13.72
(7.76)
615.63
(239.83)
25.13
238.51
17.66
(19.49)
(17.49)
(31.70)

Thursday
2th Feb 17

Friday
3th Feb 17

Unemployment Claims,
Prelim Nonfarm
Productivity q/q, Prelim
Unit Labor Costs q/q,
IBD/TIPP Economic
Optimism, Natural Gas
Storage.

Average Hourly Earnings

m/m , Non-Farm
Employment Change,
Unemployment Rate, Final
Services PMI, ISM NonManufacturing PMI,
Factory Orders m/m.

Spanish Unemployment
Change, ECB Economic
Bulletin, Italian Monthly
Unemployment Rate,
Spanish Services PMI,
Construction PMI, Italian
Italian Services PMI,
Prelim CPI m/m, BOE
French Final Services PMI,
Inflation Report, MPC
Services PMI, Retail Sales
Official Bank Rate Votes,
m/m, German Final
Monetary Policy Summary,
Services PMI.
Official Bank Rate, Asset
Purchase Facility, MPC
Asset Purchase Facility
Votes.

RBI Credit Policy

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