16th January, 2020

Nifty 50 Sensex Open 12,349.40 Open 41,969.86 High 12,355.15 High 41,969.86 Low 12,278.75 Low 41,648.11 Close 12,343.30 Close 41,897.77 % Chg. -0.15% % Chg. -0.13%

STOCK INDICES Closing % Chg. Domestic Corporate – BSE SENSEX 41,897.77 -0.13%

BSE MIDCAP 15,506.28 +0.66% Edelweiss Financial: Edelweiss Group Chairman Rashesh Shah on NIFTY 50 12,343.30 -0.15% Wednesday was questioned by the Enforcement Directorate for five hours NIFTY MIDCAP 50 4,923.80 +1.20% in a Foreign Exchange Management Act violation case. This was the NIFTY BANK 31,824.90 -0.77% Nifty 50 Top Gainers LTP % Chg. Prev. Close second time that the ED had summoned Shah after he failed to appear last week. YESBANK 39.9 3.50% 38.55 HEROMOTOCO 2,472.10 2.52% 2,411.40 TATAMOTORS 199.7 1.97% 195.85 Asian Paints: The Competition Commission of India has ordered a probe GAIL 131.9 1.42% 130.05 against Asian Paints for allegedly hindering the entry of JSW Paints by TITAN 1,182.60 1.33% 1,167.10 virtue of its dominance in the market for manufacture and sale of Nifty 50 Top Losers LTP % Chg. Prev. Close decorative paints. INDUSINDBK 1,399.00 -5.58% 1,481.65 WIPRO 248.2 -3.50% 257.2 Bharti Airtel: Bharti Airtel has raised $3 billion through QIP and FCCBs, in SBIN 324 -1.22% 328 what it called “the largest dual tranche equity and FCCB offering in the INFY 766.3 -1.21% 775.65 Asia-Pacific". BPCL 468 -1.13% 473.35 Securities Ban in Trade Axis Bank: SAT has stayed a Sebi order rejecting Axis Bank’s request to allow it to invoke the pledge on shares in the Karvy Stock Broking case.

YESBANK Yes Bank: Troubled lender Yes Bank has appointed IDFC Securities as an adviser for raising funds and also to bring in a strategic investor.

JSW Steel: Sajjan Jindal-led JSW group company Forma has shut down its operations within one year of its launch, according to a PTI source. Forma used to take steel from JSW Steel to make products and supply it to dealers.

Jet Airways: South America’s Synergy Group and an Indian asset reconstruction company Prudent ARC are said to have submitted initial bids for investing in bankrupt carrier Jet Airways. Indian conglomerate

Hinduja Group stayed away from the bids, said a person aware of the development.

Comment – Equity benchmark indices tracked global peers that were trading in the red after the United States official said that tariff on China would continue till the US Presidential elections were over.

Wallfort Research Page 1 of 2

16th January, 2020

Wallfort Research is also available on Bloomberg

Disclaimer: This document has been prepared by the Research Division of Wallfort Financial Services Ltd. Mumbai, India (WFSL) and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of WFSL. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, WFSL has not independently verified the accuracy or completeness of the same. Neither WFSL nor any of its affiliates, its directors or its employees accepts any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either WFSL or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication. We may from time to time solicit or perform investment banking or other services for any company mentioned in this document.

Wallfort Research Page 2 of 2