13th March, 2019

Nifty 50 Sensex Open 11,231.35 Open 37,249.65 High 11,320.40 High 37,586.63 Low 11,227.00 Low 37,230.85 Close 11,301.20 Close 37,535.66 % Chg +1.19% % Chg +1.30%

STOCK INDICES Closing 10% Domestic- SENSEX 37,535.66 +1.30% Corporate- NIFTY 50 11,301.20 +1.19% BSE MIDCAP 15,192.84 +0.65% : The Bombay High Court declined a suggestion by NIFTY MIDCAP 50 4,917.94 +0.12% Kotak Mahindra Bank promoters to cap their voting rights at 20 per cent Nifty 50 Top Gainers LTP % Chg. Prev. Close of the total shareholding even when their holding is higher at 30 per cent BHARTIARTL 350.5 5 333.8 with an aim to comply with the regulatory intent. ICICIBANK 388.7 3.42 375.85 INDUSINDBK 1,563.70 3.24 1,514.60 RCom: National Company Law Appellate Tribunal on Tuesday LT 1,389.00 3.15 1,346.55 ADANIPORTS 361.3 2.85 351.3 warned ' lenders that their failure to release Nifty 50 Top Losers LTP % Chg. Prev. Close tax refunds to clear the telco's dues may force the court to send the EICHERMOT 22,369.90 -2.62 22,972.45 operator back into insolvency proceedings. BAJFINANCE 2,753.00 -1.36 2,791.05 INFRATEL 316 -1.16 319.7 HDFC Life Insurance: The two-day offer for sale (OFS) by HDFC Life HINDPETRO 261 -0.91 263.4 Insurance Company saw a strong response from non-retail investors on JSWSTEEL 290.1 -0.87 292.65 Securities Ban in Trade Tuesday, as the issue was subscribed 2.60 times of the base issue size and 1.83 times of the total issue on first day.

IDBI Bank Jet Airways State Bank of : The largest state-run bank has put on sale six NPA accounts worth Rs 2,337.88 crore, which will be auctioned on March 26.

Cadila Healthcare: The drug maker said it has received final approval from the US health regulator to market Atenolol and Chlorthalidone tablets USP, used to treat high blood pressure, in the US.

Jet Airways: Even as speculations are rife that Etihad Airways has set several conditions to extend a financial lifeline to save Jet Airways, Jet said that four more aircraft have been grounded over non-repayment of dues to lessors, taking the total to 32.

Mahindra CIE: Auto component firm Mahindra CIE Automotive said its board has approved to buy Aurangabad Electricals (AEL) for Rs 875.6 crore.

Comments –Extending the rally, benchmark indices ended over 1 per cent higher on Tuesday, driven by gains in financials and energy counters.

Wallfort Research Page 1 of 2

13th March, 2019

Wallfort Research is also available on Bloomberg

Disclaimer: This document has been prepared by the Research Division of Wallfort Financial Services Ltd. , 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.

Disclosure: Wallfort Financial Services Ltd. / its affiliates entities / employees may hold a position in the stock(s) recommended above.

Wallfort Research Page 2 of 2