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Wisemoney 789.Cdr A Weekly Update from SMC 2021: Issue 789, Week: 24th - 28th May (For private circulation only) Brand smc 572 From The Desk Of Editor Contents n the week gone by, global stock market witnessed volatile trade as investors Equity 4-7 reacted to inflation overseas and the Federal Reserve hinting it may consider Derivatives 8-9 altering monetary policy sooner rather than later. Moreover, Fed minutes signalled Commodity 10-13 I a plausible slowdown in bond buying “at some point”, a shift in policy in the future, Currency 14 which will have an implication on EMs. Meanwhile, U.S. Treasury yields fell after a IPO 15 weaker-than-expected U.S. business activity reading. The number of Americans filing FD Monitor 16 new claims for unemployment benefits dropped further below 500,000 last week, but Mutual Fund 17-18 jobless rolls swelled in early May, which could temper expectations for acceleration in employment growth this month. U.K. data showed consumer prices rose 1.5% on the SMC GLOBAL SECURITIES LTD. year in April, twice the rate of inflation reported in March. China, the world's biggest REGISTERED OFFICES: metal user, said that it would strengthen its management of commodity supply and 11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005. demand to curb "unreasonable" increases in prices. Japan's government reported that Tel: 91-11-30111000, Fax: 91-11-25754365 exports rose 38 percent in April from a year earlier while imports climbed nearly 13 MUMBAI OFFICE: Lotus Corporate Park, A Wing 401 / 402 , 4th Floor , percent, indicating a recovery in overseas demand even as the country weathers its Graham Firth Steel Compound, Off Western Express Highway, worst bout of coronavirus outbreaks so far. Exports to the US rose 45 percent while Jay Coach Signal, Goreagon (East) Mumbai - 400063 those to China jumped nearly 34 percent in a strong rebound after last year's shocks Tel: 91-22-67341600, Fax: 91-22-67341697 from lockdowns and other precautions taken to curb the pandemic. KOLKATA OFFICE: 18, Rabindra Sarani, Poddar Court, Gate No-4,5th Floor, Kolkata-700001 Domestic stock market moved higher due to reduction is COVID cases in India and on Tel.: 033 6612 7000/033 4058 7000, Fax: 033 6612 7004/033 4058 7004 the news that the Reserve Bank of India Central Board has approved transfer of Rs AHMEDABAD OFFICE : 99,122 crore as surplus to the central government amid some positive global cues. 10/A, 4th Floor, Kalapurnam Building, Near Municipal Market, C G Road, Ahmedabad-380009, Gujarat Bank and financial stocks were among the best gainers in domestic markets. RBI has Tel : 91-79-26424801 - 05, 40049801 - 03 also decided to maintain the Contingency Risk Buffer at 5.50 per cent. Wholesale CHENNAI OFFICE: price inflation soared to an 11-year high of 10.5% in April, compared to 7.4% in March. Salzburg Square, Flat No.1, III rd Floor, Door No.107, Harrington Road, As per Nomura, Indian economy to contract by only 3.8% in June quarter as compared Chetpet, Chennai - 600031. Tel: 044-39109100, Fax -044- 39109111 with March. Meanwhile, participants should keep a close eye on the global cues and SECUNDERABAD OFFICE: COVID-related updates. 315, 4th Floor Above CMR Exclusive, BhuvanaTower, On the commodity market front, CRB looked exhausted on bumpy move in Crypto S D Road, Secunderabad, Telangana-500003 currencies amid geopolitical tension and other issues. Dollar index breached the mark Tel : 040-30031007/8/9 DUBAI OFFICE: of 90 after hitting high of 93.5. Losses in crude prices accelerated after the BBC 2404, 1 Lake Plaza Tower, Cluster T, Jumeriah Lake Towers, reported that "significant progress" has been made to broker an agreement between PO Box 117210, Dubai, UAE Iran and the U.S. in nuclear talks, which could lead to a lifting of U.S. sanctions that Tel: 97145139780 Fax : 97145139781 allows Iran to increase its crude exports. Crude oil may trade in a range of 4400-4950 Email ID : [email protected] [email protected] levels. Natural gas should rebound from the lower range; however the upside should be capped near 242-245 levels. Base metals should take some support from the lower Printed and Published on behalf of levels after a jerk from crypto currencies fall as the fundamentals are still strong and Mr. Saurabh Jain @ Publication Address the lower levels will attract the market players. In agri, oil seeds and pulses prices 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005 Website: www.smcindiaonline.com may see correction as government has an eye on their availability scenario. More Investor Grievance : [email protected] imports will put pressure on the prices. Bullion counter will remain trade with firm Printed at: S&S MARKETING sentiments on ongoing geopolitical situation amid falling dollar index. B-26, Ground Floor, Patparganj Industrial Area, Delhi - 110092 (India) Ph.: +91-11- 43035012, 42720372, Email: [email protected] (Saurabh Jain) SMC Global Securities Ltd. (hereinafter referred to as “SMC”) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and its associate is member of MCX stock Exchange Limited. It is also registered as a Depository Participant with CDSL and NSDL. Its associates merchant banker and Portfolio Manager are registered with SEBI and NBFC registered with RBI. It also has registration with AMFI as a Mutual Fund Distributor. SMC is a SEBI registered Research Analyst having registration number INH100001849. SMC or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities market. SMC or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. SMC or its associates and relatives does not have any material conflict of interest. SMC or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and SMC has not been engaged in market making activity of the company covered by Analyst. The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true. SMC does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision. DISCLAIMER: This report is for informational purpose only and contains information, opinion, material obtained from reliable sources and every effort has been made to avoid errors and omissions and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, SMC, its employees and its group companies shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means without prior written permission of the SMC is prohibited. Please note that we and our affiliates, officers, directors and employees, including person involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) may trade in this securities in ways different from those discussed in this report or (c) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instrument of the company (ies) discussed herein or may perform or seek to perform investment banking services for such Company (ies) or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect of any recommendation and related information and opinions, All disputes shall be subject to the exclusive jurisdiction or Delhi High Court. SAFE HARBOR STATEMENT: Some forward statements on projections, estimates, expectations, outlook etc are included in this update to help investors / analysts get a better comprehension of the Company's prospects and make informed investment decisions. Actual results may, however, differ materially form those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, Impact of competing products and their pricing, product demand and supply constraints. Investors are advised to consult their certified financial advisors before making any investments to meet their financial goals. EQUITY NEWS TREND SHEET DOMESTIC Economy Stocks *Closing Trend Date Rate Support Resistance Closing Price Trend Trend S/l • India's wholesale prices increased in April. The wholesale price index increased 10.49 percent year-on-year in April, following a 7.39 percent rise Changed Changed in March. Economists had expected a 9.05 percent rise. The primary articles S&P BSE SENSEX 50540 UP 17.07.20 37020 46250 - 44200 price index grew 10.16 percent annually in April, following a 6.4 percent increase in the previous month. NIFTY50 15175 UP 17.07.20 10901 13600 - 13000 Engineering NIFTY IT 26105 UP 05.06.20 13665 24000 - 23000 • Larsen & Toubro has transferred its digital transformation business NIFTY BANK 34607 UP 06.11.20 26799 31000 - 29000 undertaking, incubated and conducted as L&T-NxT (NxT Digital Business) to ACC 1965 UP 17.04.20 1173 1750 - 1700 Mindtree, a listed subsidiary of the Company, pursuant to the execution of a Business Transfer Agreement between L&T and Mindtree.
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