May 17, 2016

MORNING BELL INDIAN INDICES Index 16/05/16 Pt Chg % Chg MARKETS AT A GLANCE BSE SENSEX 25,653 164 0.6 Positive opening is likely on the cards today for the domestic equity market today on the back of positive global cues and strong SGX Nifty which was trading with gains of 26.5 NSE NIFTY 7,861 46 0.6 points or 0.34% at 7,906 at 10:49 am Singapore time. US stocks rallied sharply overnight BSE MIDCAP 11,189 33 0.3 rebounding after three straight weeks of declines, driven by a surge in crude oil prices and a BSE SMALLCAP 11,124 10 0.1 rally in tech stocks. Meanwhile, Asian stocks rose on Monday morning tracking overnight gain on Wall Street overnight and as crude oil prices rose to levels seen last October amid CNX MIDCAP 13,141 10 0.1 hopes that a global supply glut had eased. Japan’s Nikkei 225 index rose 0.3 percent as BANK NIFTY 16,738 21 0.1 the yen traded near a one­week low while the Shanghai Composite was trading flat with negative bias and Hang Seng fell 0.1%. Back home, investors might remain cautious ahead FMCG 7,852 122 1.6 of the outcome of results of assembly elections in Assam, Kerala, Tamil Nadu, West REALTY 1,358 20 1.5 Bengal and Puducherry this Thursday and a rebound in wholesale inflation, along with forecast of a delay in monsoon may weigh on sentiment at Dalal Street. India’s Wholesale PSU 6,020 (67) (1.1) Price Index rose to 0.34% for the month of April, 2016, snapping seventeenth straight OIL & GAS 9,132 (38) (0.4) months of contraction, due to rebound in global commodity prices and food prices. Meanwhile, investors’ focus will be Bharat Forge Ltd, Motherson Sumi Systems Ltd., GLOBAL INDICES GlaxoSmithKline Consumer Healthcare Ltd., Syndicate Bank and Voltas Ltd. as these companies will unveil their Marc 2016 quarter earnings today. Index 16/05/16 Pt Chg % Chg DOW JONES 17,711 175 1.0 WALL STREET UPDATE NASDAQ US stocks closed higher on Monday led by energy shares as crude­oil prices hit a fresh 4,775 58 1.2 2016 high supported by worries about global supply outages and as Goldman Sachs FTSE 6,151 13 0.2 sounded more positive on the market. A report from Goldman Sachs indicated that oil DAX 9,953 91 0.9 inventories were shrinking. U.S. crude oil rose 3.3% to $47.72 a barrel, its highest settlement since Nov. 3. Further, a rally in technology shares supported the broader Index * 17/05/16 Pt Chg % Chg markets. Technology shares were among the biggest gainers on Monday led by Apple shares which rallied $3.36, or 3.7%, to $93.88 after Warren Buffett’s Berkshire Hathaway NIKKEI 225 16,615 149 0.9 took a new $1 billion stake in the technology giant in the first quarter. The Dow Jones HANG SENG 19,891 7 0.0 industrial average surged 175.39 points, or 1% to 17,710.71, the S&P 500 gained 20.05 SHANGHAI COMPOSITE 2,833 (18) (0.6) points, or 0.98%, to 2,066.66 and the Nasdaq Composite added 57.78 points, or 1.22% to 4,775.46. KOSPI COMPOSITE 1,967 (1) (0.1) PREVIOUS DAY ROUNDUP (DOMESTIC) SGX NIFTY 7,906 27 0.3 * live intraday prices Amidst choppy trade, the Indian equities ended tad higher as traders extended their position by value buying in frontline bluechips, tracking firm cues from Asian peers. NET INFLOWS On the sectoral front, FMCG and realty stocks emerging as top gainers, adding as crore Buy Sell Net YTD much as 1.58 per cent and 1.47 per cent respectively. FII (MAY 16) 6,309 4,552 1,757 14,145 NIFTY OVERVIEW MF (MAY 11) 8,166 4,906 3,260 144,890 Spot Future COC (%) Total Future OI PCR OI PCR Vol FII PARTICIPATION IN DERIVATIVES Current 7,861 7,887 12.07 16,198,875 0.87 0.9 Previous 7,815 7,831 5.61 16,286,400 0.82 0.9 crore Buy Sell Net Change % 1 1 646 bps (0.5) 6.09 (5.3) INDEX FUTURES 1,650 1,843 (193) TODAY'S EVENT INDEX OPTIONS 32,003 30,728 1,275 UK’s Producer Price Index ­ Input (YoY) n.s.a STOCK FUTURES 4,294 4,700 (405) US’s Building Permits (MoM) STOCK OPTIONS 2,701 2,760 (58) US’s Consumer Price Index (YoY)

Source: Achiievers Equities Ltd

TECHNICAL OVERVIEW

The key domestic benchmark indices ended the higher on Monday. The broader NSE index grew 0.59% or 45.85 points to close at 7860.75. On daily charts, Nifty made a bullish candle which carries a long lower shadow, highlighting the emergence of supportive buying near its erstwhile support zone of 7730­7750. Meanwhile, the index is still trading in the trading range of 150 points (7750­7900), decisive breakout on either side will decide the next move of the market. Further, the index is still trading above the bullish breakaway gap of 15 points (7739­7754) opened on 09th May, suggesting that medium term bias is still positive. In the coming session, weakness and close below 7700 level, the index can retest its major support zone of 7500 level. At the same time, if index managed to break and sustain above 8000 level then it will rally up 8250 levels. Suggested trading strategy would be to Sell if market resists at 7890 and Buy if it attains support at 7830.

SUPPORT & RESISTANCE SENSEX GAINERS & LOSERS NIFTY GAINERS & LOSERS

Indices S2 S1 LTP R1 R2 Gainers 16/05/16 Chg % Chg Gainers 16/05/16 Chg % Chg

DR. REDDY'S BOSCH 21,364 687 3.3 SENSEX 25,228 25,440 25,653 25,777 25,901 3,004 92 3.2 LAB ITC 329 10 3.2 ITC 329 10 3.1 NIFTY 7,734 7,797 7,861 7,899 7,937 YES BANK 980 30 3.1 HDFC BANK 1,163 23 2.0 DR. REDDY'S 3,002 85 2.9 BANK NIFTY 16,301 16,519 16,738 16,868 16,998 HUL 847 15 1.9 LAB

HDFC 1,187 21 1.8 BHARTI INFRA 385 10 2.8 Stocks S2 S1 LTP R1 R2 Losers 16/05/16 Chg % Chg Losers 16/05/16 Chg % Chg RIL 967 971 976 981 987 SBI 177 (8) (4.2) BOB 142 (13) (8.3) SBI 170 173 177 183 189 CIPLA 524 (8) (1.5) SBI 177 (8) (4.4) ITC LTD 312 321 329 334 338 ADANI PORTS 186 (3) (1.4) CIPLA 522 (10) (1.9) INFOSYS 1,201 1,207 1,214 1,221 1,228 ICICI BANK 224 (3) (1.1) ADANI PORTS 186 (3) (1.5) L&T 1,257 1,270 1,283 1,296 1,309 BHEL 122 (1) (0.9) IDEA 112 (1) (1.3)

Source:Achiievers Equities Ltd

CRUDE & BULLION MCX (Fig. in Rs) Commodity 16/05/16 Pt Chg % Chg Copper (JUN) 312 2 0.7 Gold (JUN) 29,991 (43) (0.1) Silver (JUL) 41,010 36 0.1 Crude Oil (MAY) 3,183 86 2.8

CORPORATE, INDUSTRY AND ECONOMY (CIE) NEWS AT GLANCE CORPORATE NEWS

BSE Code LTP (Rs.) Event Nihar Info Global Ltd (IT solution firm) inked a pact with eDukaan ‘KYOSSK’ for online sale of various gold and silver products via the company's eCommerce portal www.GoldnSilver.in. And now integration 531083 15.7 for the same is completed and the same is operational, as per the company. The eDukaan citizen service centers are present in nine states in all over India.

Coal India has signed a Joint Venture Agreement (JV) with NTPC for setting up of a Joint Venture 533278 282.9 Company at 50:50 shareholding basis for revival of Sindhri & Gorakhpur units of Fertilizer Corporation of India.

Strides Shasun today reported a consolidated net profit after taxes, minority interest and share of profit of 532531 1,192.6 associates at Rs 96.22 crore for the quarter ended March 31, 2016 on account of robust sales. Consolidated total income from operations stood at Rs.1,001.98 crore for the quarter under review.

Piramal Enterprises Ltd reported a consolidated net profit of Rs.180.24 crore for the March quarter as 500302 1,271.8 against a net profit of Rs.95.40 crore for the January­March period of 2014­15. Company’s consolidated total income from operations rose to Rs.1,733.51 crore as against Rs.1,297.50 crore a year ago.

INDUSTRY NEWS

Opposing the mandatory disclosure of commissions paid by mutual funds (MFs) to distributors, agents selling such financial products have requested regulator SEBI to scrap the directive saying it would be detrimental to the growth of the industry, as per media reports. For greater transparency in dealings of mutual funds, SEBI had asked MF houses to disclose to investors the commissions paid to their distributors from October in the consolidated account statement (CAS) sent to investors.

Bandhan Bank sold Rs.3,200 crore worth of priority sector loans to its private sector rivals to help them meet their lending targets including banks such as HDFC Bank, YES bank and IDBI bank, in the last quarter through an instrument called inter­bank participation certificates.

ECONOMY NEWS

Displaying confidence in GST Bill passages during the upcoming monsoon session, Arun Jaitley said that regional parties, including UPA allies like DMK and NCP, are all in support of the tax legislation. If there is no consensus, the only alternative is a parliamentary vote, he added, as per media reports.

Source:Achiievers Equities Ltd

CORPORATE ACTIONS

RECORD DATES Current Week Forthcoming week Company name BSE Code Purpose Date Company name BSE Code Purpose Date Hexaware Technologie 532129 Interim Dividend 16/05/2016 Gloster L 538595 Bonus 23/05/2016 Anjani Portland 518091 Rights 18/05/2016 Reliance Ind.Inf 523445 Final Dividend 24/05/2016 Hikal Ltd. 524735 Interim Dividend 18/05/2016 Futuristic Solutions 534063 Final Dividend 25/05/2016 Stovec Indus. 504959 Final Dividend 19/05/2016 Elantas Beck India L 500123 Final Dividend 26/05/2016 Indag Rubber 509162 Final Dividend 20/05/2016 Eastern Treads L 531346 Final Dividend 28/05/2016

EX DIVIDEND DATE Current Week Forthcoming week Company name BSE Code CMP (Rs.) Date Company name BSE Code CMP (Rs.) Date Hikal Ltd. 524735 159.4 17/05/2016 Futuristic Solutions 534063 55.3 23/05/2016 Stovec Indus. 504959 2,423.0 17/05/2016 Elantas Beck India L 500123 1,513.8 24/05/2016 Indag Rubber 509162 190.4 18/05/2016 Bombay Oxygen 509470 6,301.0 26/05/2016 Nestle India 500790 6,284.5 18/05/2016 Eastern Treads L 531346 134.4 26/05/2016 Nestle India 500790 6,284.5 18/05/2016 Raymond Ltd 500330 474.9 26/05/2016

EX SPLIT Current Week Forthcoming week Company name BSE Code Ratio Date Company name BSE Code Ratio Date

EX BONUS Current Week Forthcoming week Company name BSE Code Ratio Date Company name BSE Code Ratio Date Gloster L 538595 1:1 20/05/2016

FORTHCOMING RESULTS

Company name BSE Code Date CMP (Rs.)

Bharat Forge Ltd. 500493 17/05/2016 754.7

Motherson Sumi Systems Ltd. 517334 17/05/2016 268.1 GlaxoSmithKline Consumer 500676 17/05/2016 6,013.8 Healthcare Ltd. Syndicate Bank 532276 17/05/2016 63.5

Voltas Ltd. 500575 17/05/2016 325.3

Gujarat Gas Ltd. 539336 17/05/2016 520.1

Honeywell Automation India Ltd. 517174 17/05/2016 9,200.4 Mahindra Holidays & Resorts 533088 17/05/2016 407.0 India Ltd. OCL India Ltd. 502165 17/05/2016 533.8

Symphony Ltd. 517385 17/05/2016 2,493.3 Source:Achiievers Equities Ltd

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Source:Achiievers Equities Ltd