Nifty Likely to Surprise Again?

Nifty50 is trying to hold above 9600 levels from last 3 days, GDP numbers were surprising for all bulls.

As I am trying to read all data from expiry, whole last week of May-17 expiry was full of negative news and FIIs were seller at every level. Than after Nifty had given strong expiry closed at 9500.

FIIs had sold out around 30 Lacs Nifty50 Future in last 3 days and currently options side, around 59 Lacs OI in 9500-PE option and after that highest OI 60 Lacs at 9400-PE. And call sied highest OI 45.43 Lacs in 9700-CE and 41.79 Lacs in 9600-CE. So data is very clear and indicating that, this is a fight between bulls and bears. So market may take some time and clear the trend on events. As per me currently Level-1 9550 and Level-2 9450 are most important for market for up move. FOR June is a long month for expiry; all companies had provided their results so no negative balance on results, monsoon likely to normal as per estimates.

So, I believe, Nifty50 likely to surprise again all of us and likely to touch 10000 by this month. But, this is my personal view only. Hope for the Best with finger crossed.


Opinion: “Situation Is Better Than A Statistic!!!”

Opinion: “Situation Is Better Than A Statistic!!!”

I was trying to write from last 4 to 5 days, I tried very hard to find this, putting your thoughts in front of others with direction are also hard. I understood that from this. But, I found this. I am really very surprised; people are still waiting for down fall because numbers are not giving indication. I heard from many people they are asking, where are the numbers? And saying Market can’t go up without numbers, may fall like same as earlier 2008 & 2001. And market is going up without hearing that negativity.

But I am really very positive on market not because of I am running with trend but, remember those situations. Those both falls in 2001 and 2008 were different situations. Those situations are not here. I would like to share something which I read in 100 Baggers. I think this is the best match with current situation. “There is a Wall Street saying that, a situation Is Better Than A Statistic”. Relying only on published growth trends, profit margins and price-earnings ratios is not as important as understanding how a company could create value in the years ahead. India is growing faster than among and even can grow faster if policies problems can removed which are coming from old government from many years. We have a big domestic consumption story among the all others. Government have full power to clear all problems. And I have a faith that, government is on right track and if right track is there than numbers will be come out not today but tomorrow surely.

My last option was after FED hiked March (16-03-2017). I am trying to read again & match that with current momentum. (Opinion​: NIFTY may touch 10000 to 10500 level in 4 months. ). Now I think market is really waiting for some big trigger and that will be a big move and may be in range of 9850 to 10000 by end of June or first week of July and by the end of August market will be in range of 10200 to 10800.

But, Approach should be conscious and must stay optimistic. Don’t react as a blind. Need to check, Company can grow for longer periods. Management should be stronger for good growth and focus should be clear on business and aware about all changes in domestic and global technology and environment. We don’t want KODAK till bankruptcy or SATYAM COMPUTER with us. We need same like Amazon & Google. Our market can pay as same like “Baahubali”. Just focus and find out growth stories and faithful managements.

(Note: This is just my personal opinion only)

Kind Regards,

Atul Vitha

“Every Problem Is an Opportunity to Buy”!!!

“Every Problem Is an Opportunity to Buy”!!!

President has given a nod to an ordinance giving greater powers to the Reserve Bank of India to tackle mounting bad loans. So, as per me, Government is ready to solve each and every problem one-by-one. So feeling like; “Every human problem is an investment opportunity if you can anticipate the solution”. This will provide more confidence to FIIs to pump more money in Indian market. And already domestic funds are getting around 5000 cr each and every month and so they are also aggressive buyers. As earlier, I am expecting attraction will be continue in Cements, Power, auto components with fertilizer and OMCs, this is I personally feel. Currently fertilizer stocks looking very attractive may give very strong growth in 1 to 2 year prospective same like sugar stocks.

Kind Regards,

Atul Vitha

Himadri Speciality Chemical Ltd ( BSE Code: 500184; CMP: 56.00; BB Code: HSCH IN)

Himadri Speciality Chemical Ltd ( BSE Code: 500184; CMP: 56.00; BB Code: HSCH IN)

About Us

· Himadri Chemicals & Industries Limited is more than just the largest coal tar pitch manufacturing company in India

· It is a carbon specialist, developing coal tar by-products and derivatives (advanced carbon material, carbon black, corrosion protection and naphthalene)

· The Company addresses growing needs of sectors like aluminium, graphite, infrastructure, lithium-ion battery, tyre and rubber applications

· The environmentally conscious company has also invested in 2.5 MW of wind power generation in Dhule (Maharashtra, India)

Coal tar distillation



Coal tar is a by-product generated while processing coking coal into low ash metallurgical coke in a recovery-type coke oven plant. Coal tar accounts for around 3.5-4% of coke produced. Coal tar pitch is a complex chemical with 22 chemical and physical properties obtained through coal tar distillation, which involves the conversion of coal tar into a variety of intermediate chemical products. The residue is coal tar pitch, which is further processed into quality coal tar pitch of desired chemical and physical properties. At, Himadri, coal tar pitch is derived from the processing of high temperature coal tar using state-of-art technologies.

Grade Applications
Aluminium grade pitch In pre-baked anode and Soderberg in aluminium manufacture
Graphite Grade binder pitch In graphite electrode manufacture
Graphite Grade zero QI coal tar impregnating pitch In graphite electrode, nipple impregnation and UHP grade electrode manufacture
Mesophase pitch In needle coke, carbon/carbon composites, advanced carbon material and carbon fibres
Special pitches In refactories carbon paste, paints/ultramarine blue and water proofing, among others
Qualities and specifications

Binder Pitch of aluminium & graphite industry Download PDF

Impregnation pitch for graphite industry Download PDF

Mesophase pitch (under development)

Special pitch Download PDF


Pitch is marketed in solid and liquid form. Solid pitch is available in bulk bags and jumbo bags. Liquid pitch is supplied with the help of the Company’s dedicated fleet of specialised tanker. Himadri also has bulk liquid pitch terminal to load up to 6,000 MT at Haldia port and is currently constructing a new liquid pitch terminal at Lonkou port in China, capable of loading 12,000 MT of liquid coal tar and pitch.

Contact: tarproducts



Naphthalene is used in the manufacture of SNF, beta naphthol, phthalic anhydride, tanning agents, moth balls and domestic disinfectants. During the distillation process, approximately 8-9% naphthalene is recovered for use dye and organic compound intermediates in fine chemicals and pharmaceuticals. Globally, coal tar is the major source of naphthalene.


· Dyes and dyestuff intermediates

· Tanning agents

· Super plasticiser manufacture, as a raw material

· Pharmaceuticals

· Disinfectants (especially in households)

Qualities and specifications

Technical naphthalene Download PDF

Refined naphthaleneDownload PDF


Available in solid flake form and packed in 50 kg and 500 kg HDPE bags.



Different fractions of oils are produced during the coal tar distillation process ranging between boiling point 180ºC and 350ºC

Grade Applications
Light creosote oils In paints and asphalt liquefying, manufacture of phenolics disinfectants
Wash oil/Wood preservative oil In benzene extraction from the coke oven gas and wood preservative as BS 4164, AWWA C203 and IS 15337 (2003) standards
Anthracene oil In carbon black manufacture as a feedstock and in coal tar enamel manufacture
Qualities and specifications

Light creosote oils Download PDF

Wash oil/Wood preservative oil Download PDF

Anthracene oil Download PDF


Available in liquid tanker and 200 kgs drums.

Contact: tarproducts

Aluminium Industry

Aluminium is the metal of the future, combining lightness with strength, electrical conductivity and corrosion resistance. The widespread use of aluminium extends to the aerospace, automobile white goods, food and beverage packaging. Owing to the many applications for this metal, primary aluminium production throughout the world has been rising steadily for many years. Coal tar pitch is used as binder for production of carbon anodes which in turn is used in the electrolysis process of extracting aluminium from alumina by the aluminium industry. Aluminium plants can only be successful with binders of constantly high quality. Himadri is a preferred vendor, delivering high quality binder pitch (solid and liquid) just in time to aluminium plants.

Graphite industry

Coal tar pitch is used in the production of graphite electrodes (used in steel production) as a binder, and impregnating agent, increasing electrode density and strength. After the aluminium industry, the second largest consumer of coal tar pitch is graphite electrodes (which are used in electric arc furnaces). CTP constitutes around 40-42 percent of a graphite electrode by volume, with a large part of the balance being accounted for by needle coke/CPC (calcinised petroleum coke). CTP is used as a binder and impregnating material in electrodes at a high temperature to fill and cover pores, enhancing electrode life.

Infrastructure Sector

Concrete is one of the most important and versatile building materials of recent times. Himadri produces naphthalene-based super plasticisers that have revolutionised the use of concrete. Super plasticisers improves cement mix by dispersing cement particles, improving its flowing properties and making it easier to handle and feed to even the most remote corners of a building. These substances also reduce processing times and increase the strength of the concrete. With the construction sector booming, Himadri therefore plans to boost its super plasticiser production capacity and expects annual growth rates in excess of 25%.

Tyre sector

Global carbon black consumption is growing at 3-5% annually. Southeast Asian countries are growing at a pace of more than 6% annually. Carbon black is one of the main raw material for tyre industry and increases tyre grip on road. Its low resistance and minimum abrasion loss makes the highest safety possible. Himadri, with its latest state-of-the-art technology, is ensuring rubber compound with minimum grit and top ranging modulus.

Lithium-ion Batteries

Himadri is one of the few companies in the world to develop the technology to manufacture high-quality advanced carbon material which enjoys downstream applications in the manufacture of lithium-ion batteries. Lithium-ion batteries are used across all portable electronic devices like mobile phones, video cameras, notebook computer and palmtops; they also find application in hybrid vehicles and electric vehicles. The primary batteries are replaced by high energy lithium-ion batteries. Toyota including many other car manufacturers has already begun to test the lithium-ion batteries for car start-up applications. Lithium-ion is a low maintenance battery, an advantage over peers. The self- discharge is less than half compared with nickel-cadmium, making lithium-ion well suited for modern fuel-gauge applications.

Power sector

Power has been universally recognised as one of the most important inputs for economic growth and human development. There is a strong two-way relationship between economic development and energy consumption. India has been traditionally dependent on thermal power, which constitutes about 63% of the current capacity. The balance is contributed by hydroelectric (25%), nuclear (3%), and renewable (9%) energy sources. The overall power generation in the country increased from 704.469 billion units in 2007-08 to around 723.794 billion units in 2008-09 (2.74% growth).The growth was significant for the hydro (8.38%) and thermal (5.57%) sectors while nuclear power generation declined 12.3%. Himadri is emerging as separate power division. A power plant of 15 MW is being set up with green and clean energy. The power plants are eligible to carbon credits.

Paints and coatings

Carbon black is a key raw material that enhances the performance of rubber, inks and paints. Himadri produces carbon black engineered to meet the needs of these end-market applications. Himadri’s carbon black can be used in a wide variety of coating applications. Although its definition is simple, a coating can be sophisticated in terms of composition, curing chemistry and application performance. Industrial carbon blacks are used in a variety of applications, including printing inks, toners, coatings, paper and building products. Purposes for using industrial carbon black include pigmentary, electrical, UV absorption and theological properties.


The Company has designed different carbon black varieties for various plastics applications. The range of applications is diverse but it is not limited to basic colour concentrates for pigmentation, electrostatic dissipation, fibres, film, pipe, UV protection/stabilisation and wire and cable compounds.

Dyestuff Sector

Himadri produces naphthalene which is used in products of dye intermediates such as H-Acid, Beta Napthol and reactive dispersing dyes. We use these dyes as colours in our everyday life.


Kind Regards,

Atul Vitha

Best Answer to “Sell Me This Pen” I have Ever Seen

*Best Answer to “Sell Me This Pen” I have Ever Seen*

I personally never thought anyone would actually say, “sell me this pen” in a sales interview. I was wrong. It will happen to you too. And to avoid panic, you should know exactly what to say back.

I am going to give you the right sales framework to respond perfectly every time.

On a quick side note, did you know this sales interview question has been around for millions of years? Its origins date back to the earliest of cavemen. Selling slingshots cave-to-cave. Except back then, they asked, “sell me this bowl of crushed berries.”

Anyways. The point is, one day it will happen to you and I want you to be prepared.

Because if you start to describe how smooth the pen feels and how shiny the pen looks, just like you saw in the Wolf of Wallstreet…

You probably won’t get the job.

*Why it matters to sell me this pen*

At first, I didn’t realize why it mattered. It just seemed like a silly question. But, you’ll see.

When you become good at answering this question, you actually become one hell of a salesperson.

And that’s why people still ask it in interviews. It shows your creative approach and how good you are at actually selling product (not just reading your resume).

There are exactly four sales skills the interviewer is looking to see when you answer:

how you gather informationhow you respond to informationhow you deliver informationand how you ask for something (closing)

Now, since I had a lot of sales interviews lined up at the beginning of last year. I thought, I better practice my response just in case.

The “just wing it” strategy is best for making pancake mix, not for sales interviews.

So let’s go through exactly what you can say to address each sales skill. Because when you do it right, you will blow their mind!

*Here’s exactly what you can say*

Just to back up for a second, I had 26 sales interviews in a period of three months. Someone was bound to ask me.

Ok. The Director of Sales stood up and said, “it was great meeting you Ian. Let me go grab the CEO to come in next.” Moments later, the CEO of the 30 person startup walked in the small conference room.

Shortly after initial greetings, the CEO wasted no time to start the interview.

I practiced my answer beforehand. I made sure my answer displayed the four sales skills the CEO needed to hear.

Now you can read it for yourself. And then use it for yourself.

At the bottom, you can see a simple sales framework to memorize that will make this work for you in any situation.

You can memorize the script, but more importantly, memorize the sales framework at the end.

Here you go…

CEO: Do me a favor, sell me this pen. (reaches across to hand me the pen)

Me: (I slowly roll the pen between my index and thumb fingers.) When was the last time you used a pen?

CEO: This morning.

Me: Do you remember what kind of pen that was?

CEO: No.

Me: Do you remember why you were using it to write?

CEO: Yes. Signing a few new customer contracts.

Me: Well I’d say that’s the best use for a pen (we have a subtle laugh).

Wouldn’t you say signing those new customer contracts is an important event for the business? (nods head) Then shouldn’t it be treated like one. What I mean by that is, here you are signing new customer contracts, an important and memorable event. All while using a very unmemorable pen.

We grew up, our entire lives, using cheap BIC pens because they get the job done for grocery lists and directions. But we never gave it much thought to learn what’s best for more important events.

This is the pen for more important events. This is the tool you use to get deals done. Think of it as a symbol for taking your company to the next level. Because when you begin using the right tool, you are in a more productive state of mind, and you begin to sign more new customer contracts.

Actually. You know what? Just this week I shipped ten new boxes of these pens to Elon Musk’s office.

Unfortunately, this is my last pen today (reach across to hand pen back to CEO). So, I suggest you get this one. Try it out. If you’re not happy with it, I will personally come back next week to pick it up. And it won’t cost you a dime.

What do you say?

CEO: (picks jaw up off floor) Yes.

See how simple that was. The CEO loved it. Why?

Because all four sales skills were displayed.

Here’s the simple sales framework I used to answer “sell me this pen”. Memorize it for yourself.

Find out how they last used a pen (gather info)Emphasize the importance of the activity they last used a pen (respond to info)Sell something bigger than a pen, like a state of mind (deliver info)Ask for the buy (closing)

Does that make sense? Yes. Ok, good.


Remember, it’s not about actually selling a pen. It’s about showing how well you can sell a product.

Take 15 minutes today to practice the script above. I promise you will benefit.

Plus, would you mind doing me a favor. Share this with ONE person in sales. It could save their career

​”Trump: The King of Debt”

​”Trump: The King of Debt”

*Trump: The King of Debt*

U.S. bombing in Afghanistan is very confusing and putting lots of question about Trump’s policies.

Because, nobody was thinking or not on radar. And Trump given a surprise to investors by dropping the “Mother of All Bombs”.

So, people are talking again on falling treasury yields, stocks tied to Infrastructure and tax reform are stalling and even the Maxican peso has wiped out most of it’s losses. And North Korea might be working on anthore nuclear test. Trump, responded on North Korea, said: “North Korea is a problem. The problem will be taken care of.” So again, North Korea warns to regime that, “It’s ready for war, if they choose”. So, investors are worried on rising fears.

But after all, he wants to keep lower interest rates, $1t Infrastructure development. So probably, those agendas are not today in his priorities.

So, where are we headed???

As India prospective; we are much near to face GST from June, UP is Mr Modi’s baby now. Banks are flooded with cash after demonetization. And government pushing implementation of electronic payments system which will be increase direct tax collection. Which will provide funding to big infrastructure projects, rail projects.

After GST implementation, government will try to get clearance on Land Bill, Labor Laws Bill, which will provide more comfortable path to FDI and push to Make in India progress and creating jobs. As a government part they need to increase spending on educations and skills developments also as faster.

So as per my personal opinion, this might be a great chance to buy, let stocks come down, wait for settling all dust arounds, and enter for good stories based stocks. In fact, 200 to 300 points in Nifty50 might be get nominal effect  for 5 to 10 years prospects or lesser than that.

So, still firmly believing as earlier, Nifty50 may cross 10K by August 2017, holding my view.

Kind Regards,

Atul Vitha

Morning Update 10th Apr, 2017

* Israel signs $2 bln missile deal with India
* India extends $4.5-bln line of credit to Dhaka for infra projects
* Board Meetings:
 + Cybermate Infotek to consider issue of shares
 + Hindustan Composites to approve issue of shares by way of bonus shares


* NSE provisional net buy/(sell) in bln rupees, Apr 7: FII (2.62), DII 4.15
* Institutional net buy/(sell) in bln rupees, Apr 6: FIIs 4.4, MF 0.90
* FII NSE futures net buy/(sell) in bln rupee, Apr 7: index (5.09), shr 5.63
* Sensex 29706.61, down 220.73 points; Nifty 50 9198.30, down 63.65 points
* Crude: $52.24/bbl; Rupee: 64.28/$1; Gold: $1,257.30/ounce; 10-yr yld: 6.8186%


* AUTOMOBILE: Seen rising; Maruti Suzuki in focus
* BANKS: Seen volatile ahead of Jan-Mar results; econ data eyed
* CAPITAL GOODS: Seen rising; L&T, BHEL eyed
* CEMENT: Seen up on demand revival, price hikes
* FMCG: Seen mixed as headwinds remain; HUL in focus
* IT: In narrow range; market to eye Jan-Mar result, FY18 guidance
* METALS: To follow broader market's trend
* OIL: State-owned fuel retailers seen strong
* PHARMACEUTICALS: Seen subdued as strong rupee weighs
* TELECOM: Range-bound movement likely

* Domestic shares are seen volatile today, tracking the trend in global equity markets and ahead of Jan-Mar corporate earnings announcements.

* US indices ended slightly down on Friday on account of weaker-than-expected March jobs data and US air strikes on Syria.
* Most Asian indices were down today, tracking the trend in US shares Friday. The Nikkei though was strong as a weak yen against the dollar pushed shares higher in Japan.

* AUTOMOBILE: The Supreme Court has extended stay on the Competition Appellate Tribunal's order, which had found 14 automakers guilty of indulging in unfair market practices.
The Supreme Court-appointed Environment Pollution (Prevention and Control) Authority has moved the court, seeking to stop sale of Bharat Stage-IV compliant vehicles from April 2020.
Ford Global Technologies, a part of Ford Motors, has received an Indian patent for an invention related to a hybrid electric vehicle.

* BANKING: The Reserve Bank of India has started groundwork to introduce wholesale banks, which could fund the infrastructure sector and small, medium and corporate businesses, and also act as market makers for corporate bonds.
* CORPORATE: Vijay Mallya has filed an appeal in the Securities Appellate Tribunal against an order of the Securities and Exchange Board of India, barring him and six others from the securities market.
The income tax department has asked Cairn Energy to pay dues of 102.47 bln rupees by Jun 15. It has also raised an interest demand of around 14 bln rupees asking Cairn why a penalty should not be imposed.

* ECONOMY: The government is likely to seek an approval from the Cabinet by the end of the month to put in place a mechanism that would replace the Foreign Investment Promotion Board.
The cap of 65,000 for H-1B visas for the financial year 2017-18 (Apr-Mar) has been breached within four days of the opening of the window to apply.
The finance ministry may request the Securities and Exchange Board of India to extend the August deadline for public sector banks to meet 25% public float norm.

* EXCHANGES: The Securities and Exchange Board of India is yet to give its approval for the appointment of Vikram Limaye as managing director and chief executive officer of the National Stock Exchange.

* FINANCE: Axis Finance will consider issuance of non-convertible debentures worth 22 bln rupees at its board meeting on Tuesday.

* INSURANCE: Reinsurer Lloyd's started its India operations with the launch of the first branch on Wednesday.

* METAL: The government is mulling imposition of minimum import price on certain aluminium products to protect the domestic industry.

* POWER: State-owned power companies NTPC, POWER FINANCE CORP, and RURAL ELECTRIFICATION CORP, among others, are likely to issue masala bonds of around $1 bln in London markets in the next few months.

* PHARMACEUTICAL: The National Pharmaceutical Pricing Authority has issued preliminary notices to several drug manufacturers citing 613 cases of sale of essential medicines above the ceiling price in January.

* APOLLO TYRES: Formally inaugurated its sixth global tyre manufacturing unit in Hungary.

* AXIS BANK: The Central Bureau of Investigation has registered a case under Prevention of Corruption Act against a former branch manager and two officials of the company's branch in Ahmedabad.

* BHARTI AIRTEL: The company has accused Reliance Jio Infocomm of violating the Telecom Regulatory Authority of India's order stopping the new entrant's Summer Surprise offer and called on the watchdog to take "suitable action".
The company and state-owned Bharat Sanchar Nigam are working with Nokia to transform existing networks to the fifth generation.

* BHARAT ELECTRONICS: Has got sales tax demand notices worth 8.08 bln rupees from the deputy commissioner of commercial taxes in Karnataka.

* BRIGADE ENTERPRISES: Has announced a new housing project on 2.83 ha in Bengaluru.

* CENTRAL BANK OF INDIA: Will consider raising 5.83 bln rupees through the issue of shares at its board meeting on Wednesday.

* COSMO FILMS: The board has approved setting up a new production line for specialised polyester film at Aurangabad in Maharashtra.
The company plans to install a new production line for speciality polyester films by Oct-Dec in financial year 2018-19 (Apr-Mar).
* DIVI'S LABORATORIES: The US Food and Drug Administration has exempted some more of the products manufactured at unit-II in Vishakhapatnam from import alert.

* INDIABULLS VENTURES: Has approved an issue of 38.86 mln shares at 58.40 rupees to Cinnamon Capital.

* JAYPEE INFRATECH: The company's Managing Director Manoj Gaur and three other senior officials have been booked for allegedly cheating an investor.
* JET AIRWAYS INDIA: Plans to start direct flights to Amsterdam and Paris as it intends to deepen its partnership with the Air France-KLM group and Delta Air Lines.

* KOTAK MAHINDRA BANK: Subsidiary Kotak Infrastructure Debt Fund has got a certificate of registration from the Reserve Bank of India to commence operations.

* LARSEN & TOUBRO: Has appointed S.N. Subrahmanyan as chief executive officer and managing director with effect from Jul 1.

* LUPIN: The US Food and Drug Administration will begin inspection of the company's Aurangabad unit from Apr 17.
The Co has received final approval from the US Food and Drug Administration for bupropion hydrochloric tablets, which used for the treatment of major depressive disorder.

* MARUTI SUZUKI: Total vehicle production rose 10.3% on year in March to 153,868 units.

* NEULAND LABORATORIES: Has received a Form 483 with two observations from the US FDA for unit 1 in Hyderabad.

* NMDC: Total iron ore output for 2016-17 (Apr-Mar) was at 34.03 mln tn and sales were at 35.62 mln tn.

* PRAKASH INDUSTRIES: The company's steel production for Jan-Mar rose 16.7% on year to 170,000 tn, while sales were at 169,000 tn.

* RATTANINDIA INFRASTRUCTURE: The Securities Appellate Tribunal has rejected appeal of the company's promoters against SEBI order to revise the open offer price.

* RELIANCE COMMUNICATIONS: Is in the process of letting go of about 260 more employees over the coming months for below-par-performance.

* RELIANCE INDUSTRIES: The Telecom Regulatory Authority of India has said the 'Summer Surprise' offer of the company's telecom subsidiary Reliance Jio Infocomm did not fit into regulatory framework.

* RELIANCE POWER: Will today seal a power purchase agreement with the Bangladesh Power Development Board to get the $1-bln first phase of its proposed power project and liquid gas import terminal in Bangladesh.

* RELIGARE ENTERPRISES: Will sell its entire 80% stake in Religare Health Insurance to a consortium of investors led by True North Managers for an estimated 10.4 bln rupees.

* SOBHA LTD: Promoter Sobha Menon has sold 4 mln shares of the company through an open market transaction.

* STEEL AUTHORITY OF INDIA: Plans to raise 5 bln rupees through the issuance of bonds maturing in five years, and has invited bids from merchant bankers between 1100 IST and 1130 IST on Monday.

* SYNDICATE BANK: Will cut its Base Rate by 10 basis points to 9.50% from Monday.

* TATA MOTORS: Subsidiary Jaguar Land Rover plans to launch 10 new products in India this year as it looks to accelerate sales growth. Co plans to expand its sales and service network to 1,500 by 2019 from the current 700 centres.

* TORRENT PHARMACEUTICALS: Is close to finalising a deal to acquire domestic women healthcare portfolio from Novartis.

Kind Regards,

Atul Vitha