Weekly Market Indian 05-May-17 28-Apr-17 %Change Market Overview Indices The major indices witnessed consolidation on first two trading day with core Sensex 29859 29918 (0.20) sector data that grew by 5% in March and 's manufacturing sector growth Nifty 9285 9304 (0.20) improved for the fourth consecutive month in April. However, at the same time

Mid Cap 14718 14798 (0.54) traders remained concerned with Fitch Ratings maintaining the 'BBB -' sovereign rating - the lowest investment grade on India and United Nations (UN) report Small Cap 15356 15373 (0.11) stating that the country faces heightened risks related to the concentration of bad BSE 500 12946 12979 (0.26) loans in the public sector banks. The markets witnessed strong rally on

Thursday supported by encouraging corporate earnings and a string of

Institutional Activity (Rs. Crores) government reforms including NPA package for banks and national ste el policy.

However, it was the final day of trade which played spoil sport for the Indian Till May 05, Buy Sell Net 2017 equities as trader turned cautious ahead of the US employment data and final FII (Equity) round of French presidential elections. For a week 20,346 22,027 (1,680) The BSE Sensex and CNX Nifty closed the week with losses of 60 points (0.2%) and 19 points (0.2%) at 29,859 and 9,285 , respectively. Total 2017 452,945 412,599 40,346 The Mid Cap and Small Cap indices ended the week with losses of 0.5% and DII (Equity) 0.1%, respectively. For a week 12,030 10,152 1,878 FIIs were net sellers while DIIs were net buyers during the week. Total 2017 252,372 239,958 12,414 Sector Wise Movement

Index Ratios (P/E) The Metal, Healthcare and Oil & Gas sectors were major losers with losses of 4.1%, 2.2% and 1.8%, respectively. In Metal sector, Vedanta and Hindalco lost 8.3 % and 6.8%, respectively, to end 06-May -17 28-Apr -17 at Rs.223.55 and Rs.185.65. Sensex 22.58 22.87 Apart from IPCA Lab in Healthcare sector, RPG Life and Granules In dia lost

Nifty 23.59 23.63 11.5% and 8.9%, respectively, to end at Rs. 388.05 and Rs.138.65. In Oil & Gas sector, Reliance Inds. and Indraprastha Gas lost 4.8% and 2.2%,

respectively, to end at Rs.1328.60 and Rs. 1036.35 .

Economic Statistics Corporate Actions Ex Date 28-Apr-17 21-Apr-17 % GMBREW Dividend Rs.3.00 09 -May -17 Change JMFINANCIL Final Dividend Rs.0.85 11 -May -17 Forex 372.73 371.14 +0.43

Reserve MARATHON Buy Back of Shares 11 -May -17

FRONTIER Reduction of Capital 12 -May -17

BSE Sensex BSE "A" Group TOP GAINERS TOP LOSERS 30126 Company Price (Rs.) %Change Company Price (Rs.) %Change Godrej Properties 528.95 14.0 Tata Communications 640.75 (11.2)

SREI Infra Fin 103.30 13.6 537.85 (10.1) 29921 Coromandel Interntl. 394.35 13.2 Reliance Comm 31.20 (9.6) 394.55 11.2 Cable - Data 39.75 (9.6) 29895 29859 Sobha 407.80 9.7 Jain Irrigation Sys 101.7 (9.2)

Outlook for Coming week

The coming week will continue to be dominated by the global happenings 02 -May -17 03 -May -17 04 -May -17 05 -May -17 including outcome of French elections and heavy earnings season. The market participants will be eyeing the CPI -based inflation and IIP data during the week.

We expect the major indices to trade range bound with positive bias and

consolidate. 1

TECHNICAL CHART: 6th May , 201 7

Technical Levels for Coming Week Support 92 45 9199 9119 9068

Resistance 9368 9425 9502 9572

Nifty displayed volatility and lost 19 points last week. It opened at 9340 , made a high of 9377, low of 9270 and closed at 9285.

The continuous higher high and higher low of the Nifty confirms that its upward trend remains intact. It is trading in an upward sloping channel. Major indicators depict divergence in Nifty which also contributes to its positivity.

However, a small retracement up to 9180 is expected before continuation of uptrend. The near term upside for Nifty, however, is seen at 9572. We maintain a bullish view on the market and suggest to our investors to stay invested.

We advise traders to hold on to their long positions.

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Disclaimer: This document has been prepared by SATCO Capital Market Ltd., a registered broker dealer, and is being distributed to its clients. The information in the document has been compiled by the research department. Due care has been taken in preparing the above document. However, this document is not, and should not be construed, as an offer to sell or solicitation to buy any securities. Any act of buying, selling or otherwise dealing in any securities referred to in this document shall be at investor’s sole risk and responsibility. This document may not be reproduced, distributed or published, in whole or in part, without prior permission from the Company. @ Satco Capital Markets Ltd.

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