INDIA DAILY July 9, 2019 India 8-Jul 1-day 1-mo 3-mo Sensex 38,721 (2.0) (2.3) (0.6) Nifty 11,559 (2.1) (2.6) (1.0) Contents Global/Regional indices Dow Jones 26,806 (0.4) 3.2 2.5 Daily Alerts Nasdaq Composite 8,098 (0.8) 4.6 2.4 Company alerts FTSE 7,549 (0.1) 3.0 1.7 Bajaj Auto: Annual report analysis Nikkei 21,667 0.6 3.7 (0.6) Hang Seng 28,332 (1.5) 5.1 (6.1) Key takeaways from annual report KOSPI 2,066 0.1 (0.3) (6.7) Fine-tune FY2020-21E EPS estimates; maintain REDUCE rating Value traded – India Cash (NSE+BSE) 343 324 357 Sobha: Strong sales momentum Derivatives (NSE) 11,615 9,431 7,968 Sales volume continues to remain upbeat, change in sales mix pulls Deri. open interest 3,221 3,014 3,332 realizations Maintain ADD with revised fair value of Rs580/share Forex/money market Sector alerts Change, basis points 8-Jul 1-day 1-mo 3-mo Banks: Still more room to converge Rs/US$ 68.6 (6) (96) (70) Remain positive on banks that have a higher share of corporate NPLs over 10yr govt bond, % 6.9 (10) (33) (82) retail Net investment (US$ mn) 5-Jul MTD CYTD Gradual shift in focus towards book value as compared to adjusted book FIIs 87 (368) 10,971 value MFs 28 (4) 1,261 A lot of positives underway, which we believe augur well for banks Top movers – 3mo basis Change, % Best performers 8-Jul 1-day 1-mo 3-mo TGBL IN Equity 264 (1.1) 2.5 25.4 TTAN IN Equity 1,252 (2.0) (1.3) 14.0 SBIN IN Equity 355 (4.1) 3.9 12.9 HPCL IN Equity 283 (1.5) (9.1) 10.5 BHARTI IN Equity 356 (2.3) (0.2) 10.4 Worst performers RCAPT IN Equity 61 (1.9) (39.0) (67.4) YES IN Equity 93 5.7 (33.4) (65.6) RELI IN Equity 50 (2.2) (32.4) (61.7) RPWR IN Equity 4 (3.6) (35.0) (59.4) JPA IN Equity 3 (8.5) (37.2) (53.4)
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