EQUITY DAILY REPORT 11Th September, 2019

EQUITY DAILY REPORT 11th September, 2019

Index Chart Market Wrap Up

● Key equity benchmarks ended with decent gains on Wednesday, tracking positive global cues. Easing US-China tensions buoyed trading sentiment across the global stock markets. The S&P BSE Sensex, rose 125.37 points or 0.34% to 37,270.82. The Nifty 50 index rose 32.65 points or 0.30% to 11,035.70.

● The S&P BSE Small-Cap index rose 1.43%. The S&P BSE Mid-Cap index rose 1.04%.

● Among the sectoral indices, the Realty index (up 4.45%), the Auto index (up 3.51%) and the Metal index (up 2.45%) advanced. The IT index (down 1.29%), FMCG index (down 0.32%) and the Oil & Gas index (down 0.24%) declined.

(Source: Capitaline Market Commentary) Derivative Watch

● Nifty September series futures witnessed a fresh long position build up. Open Interest has been increased by 7888 contracts at the end of the day.

● Long position build up for the September series has been witnessed RELIANCE, LT, SBIN, HDFCBANK, (Source: Bloomberg) HDFC. ● Short position build up for the September series has Indian Markets been witnessed in ONGC, ICICIBANK, INFY.

Indices Close Previous Change(%) ● Unwinding of position for the September series has NIFTY 50 11035.70 11003.05 0.30% been witnessed in PNB, MINDTREE, INFRATEL. S&P BSE SENSEX 37270.82 37145.45 0.34% NIFTY MID100 15940.35 15799.45 0.89% (Source: Capitaline F&O) NIFTY SML100 5561.35 5479.85 1.49%

(Source: NSE, BSE)

Sectoral Indices Indices Close Previous Change(%) NIFTY BANK 27776.20 27504.65 0.99% NIFTY AUTO 7423.60 7165.35 3.60%

NIFTY FMCG 28759.35 28845.65 -0.30% NIFTY IT 15701.80 15919.40 -1.37% Corporate News NIFTY METAL 2414.55 2360.05 2.31% ● HCL Technologies Ltd announced the acquisition of NIFTY PHARMA 8082.90 8077.90 0.06% NIFTY REALTY 266.60 256.00 4.14% Sankalp Semiconductor (Sankalp), an advanced BSE CG 17321.82 17257.87 0.37% technology design services provider offering BSE CD 23262.26 23162.39 0.43% comprehensive digital & mixed signal SoC services and BSE OIL & GAS 13406.04 13437.72 -0.24% solutions from concept to prototype, in the BSE POWER 1930.00 1929.59 0.02% semiconductor space.

(Source: NSE, BSE) ● Sun Pharmaceutical Industries said its Netherlands-based arm has fully acquired PJSC Biosintez, Russia by purchasing 3.04 per cent stake in the Asia Pacific Markets company under the mandatory tender offer. The company's subsidiary - Sun Pharma (Netherlands) BV - Indices Close Previous Change (%) already had 96.96 per cent stake in pharma firm PJSC Nikkei225 21597.76 21392.10 0.96% HangSeng 27159.06 26683.68 1.78% Biosintez prior to the purchase of these shares. Straits Times 3204.52 3155.71 1.55% ● Shanghai 3008.81 3021.20 -0.41% Dr. Reddy's Laboratories Ltd. announced the launch of Kospi 2049.20 2032.08 0.84% Fosaprepitant for Injection, the therapeutic generic Jakarta 6381.95 6336.67 0.71% equivalent of EMEND® (fosaprepitant) for injection, Taiwan 10790.35 10753.58 0.34% approved by the U.S. Food and Drug Administration KLSE Composite 1602.30 1595.85 0.40% (USFDA). All Ordinaries 6752.20 6728.00 0.36% ● Tata Motors reported a 32% decline in the group's (Source: Yahoo Finance) global vehicle wholesale for the month of August to 72,464 units. This includes the sales numbers for commercial and passenger vehicles under the Tata Exchange Turnover (Crores) brand as well as Jaguar Land Rover and Tata Daewoo. Market Current Previous ● Glenmark Pharmaceuticals Inc., USA has been granted NSE Cash 37022.56 26182.14 final approval by the United States Food & Drug NSE F&O 1074977.22 962307.43 Administration (USFDA) for Clobetasol Propionate Foam,

0.05% (Emulsion Formulation), a generic version of Olux (Source: NSE) 1-E Foam, 0.05% of Mylan Pharmaceuticals Inc.

● YES Bank is in talks with Paytm to sell his stake in the FII Activities (Crores) bank. ACTIVITIES Cash ● The Oil and Natural Gas Corporation announced it will NET BUY 266.89 invest more than Rs 13,000 crore in exploring oil and gas NET SELL - by drilling over 220 wells across Assam in the next five years. (Source: NSE) ● Strides Pharma Science Limited announced that its step down subsidiary Strides Pharma Global Pte Ltd(SPG) has acquired a majority stake in Fairmed Healthcare AG(Fairmed), a Switzerland based company with a portfolio of high-quality generic products

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encompassing prescription and over-the-counter drugs Top Gainers across several therapeutic segments. SCRIP NAME Close Previous Change (%) YESBANK 71.60 63.10 13.47% ● Hindustan Aeronautics Ltd is eyeing to assemble the TATAMOTORS 134.35 121.90 10.21% famed Russian Ilyushin IL-114 aircraft in India and offer it EICHERMOT 17013.65 16206.75 4.98% in the 70-seater turboprop category to airlines here for MARUTI 6597.30 6335.50 4.13% regional commercial flights. TATASTEEL 367.05 353.80 3.75% ● As the government works out a scrappage policy for (Source: Moneycontrol) older vehicles in India, Maruti Suzuki has decided to set up an old vehicles dismantling plant along with a Top Losers subsidiary of Toyota. The venture between Maruti and SCRIP NAME Close Previous Change (%) Toyota Tsusho India will supply, dismantle and process WIPRO 248.15 255.60 -2.91% end-of-life vehicles, and market and sell scrap and other ONGC 125.75 129.40 -2.82% products generated from such activities. GAIL 128.45 132.15 -2.80% HCLTECH 1057.70 1084.40 -2.46% ● Airtel has added ad agency Leo Burnett to its roster of ZEEL 354.45 362.95 -2.34% agencies. Leo Burnett will handle the B2B and B2C services for the brand which includes below-the-line (Source: Moneycontrol) (BTL) activities and circle marketing campaigns. The mandate was awarded after a multi-agency pitch and ● Indian Hume Pipe has received a letter of intent for the will be handled by Leo Burnett’s Delhi office. work of Rs 133.08 crore (excluding GST) for Gowardhan project in Maharashtra. ● Skipper got a Rs 524-crore order from Power Grid Corporation of India. ● Cyient signed an MoU with QinetiQ to offer avionics ● Kalpataru Power Transmission Ltd. have sold 69 lakh products for unmanned target systems in India. equity shares of KPTL, representing 4.46% of KPTL’s ● Bharat Heavy Electricals Limited commissioned a 1320 equity shares, for an aggregate realization of Rs306 cr. MW IB Thermal Power Station located in Jharsuguda district of Odisha. ● Power Mech Projects announced that it has bagged orders of Rs 275 cr.

(Source: Business Standard, Economic Times, Smart investor)

Global News

● China's consumer prices rose 2.8% year-on-year in August, the same pace of growth as seen in July. On a monthly basis, consumer prices gained 0.7% after rising 0.4% in July. Producer prices declined for the third straight month in August. Producer prices fell 0.8% annually after easing 0.3% in the previous month.

● U.S. consumer credit surged up by $23.3 billion in July after climbing by a downwardly revised $13.8 billion in June.

● U.K. industrial production grew only 0.1%. Services and manufacturing rose 0.3% each in July. Germany's exports increased 0.7% month-on-month in July, reversing a 0.1% fall in June. Meanwhile, imports dropped 1.5% after rising 0.7% a month ago. Consequently, the trade surplus increased to a seasonally adjusted EUR 20.2 billion from EUR 18 billion in June.

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● U.K. ILO jobless rate remained unchanged on quarter, at 3.8%. In August, the claimant count rate rose slightly to 3.3% from 3.2% in July. The number of people claiming jobseekers' allowances increased by 28,200 from the previous month.

● Eurozone Sentix investor confidence index climbed to -11.1 in September from -13.7 in August.

● Germany's current account surplus totaled EUR 22.1 billion in July versus EUR 13.9 billion in the same period last year.

● France's industrial production expanded 0.3% on month in July, in contrast to a 2.3% fall in June.

● France's net payroll job creation reached 56,200 in the second quarter, up 0.2% from the previous quarter.

(Source: Market Watch, RTT News, Reuters, Bloomberg)

Economic News

● Crude Oil traded at US$ 57.91/ bbl (IST 17:00).

● INR strengthened to Rs. 71.65 from Rs. 71.70 against each US$ resulting in daily change of 0.07%.

● India's fuel demand rose 2.8% in August compared with the same month last year. Consumption of fuel, a proxy for oil demand, totaled 17.04 million tonnes, its lowest since last November, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were 8.9% higher from a year earlier at 2.57 million tonnes. Diesel sales fell 1.1% to 6.12 million tonnes, its first year-on-year percentage decline in nine months. Cooking gas or liquefied petroleum gas (LPG) sales surged 13% to 2.40 million tonnes, while naphtha sales increased 3.7% to 1.15 million tonnes. Sales of bitumen, used for making roads, were up 23.8%, while fuel oil use edged lower 15.9% in August. India revised down its fuel consumption for July to 17.68 million tonnes, an increase of 3.9% from the previous year, its biggest year-on-year percentage gain since January.

● The Centre has no objection on states bringing down penalties for traffic violation under the new Motor Vehicles Act, Union Minister of Road Transport and Highway Nitin Gadkari said. Gadkari said that states are free to make changes in penalties given the subject is the concurrent list. This comes as several states have objected to implementing the new Motor Vehicles Act in totality, which led penalties for traffic violations increase manifold from September 1.

● India's Cotton Imports are lower at 29 lakh bales by 2 lakh bales compared to the estimate of 31 lakh bales made in the previous month and higher by 14 lakh bales compared to the previous year’s estimate at 15 lakh bales. CAI has lowered its import estimate for the season in view of actual shipments reaching Indian ports being lower than estimated previously, said Cotton Association of India (CAI).

● India is in talks with the US for restoration of Generalised System of Preferences (GSP), mutual withdrawal of their disputes at the World Trade Organization and removal of higher tariffs on steel and aluminium by Washington, as the two sides work to resolve

● The Association of Southeast Asian Nations (Asean) has agreed to India’s long-pending demand to review the free trade agreement (FTA) between the two sides. The exercise could help address India’s concerns that it has not benefitted from the agreement and its goods trade deficit with the 10-member grouping has widened. The trade gap was $22 billion in FY19, up from $13 billion in FY18.

(Source: Economic Times, Business Standard)

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Forthcoming Events

Board Meetings as on 12/09/2019

Arman Financial Services Limited Financial Results Centrum Capital Limited Financial Results Silicon Valley Infotech Limited Financial Results TCI Finance Limited Financial Results

(Source: NSE)

Corporate Actions as on 12/09/2019

Apollo Hospitals Enterprise Limited Dividend - Rs 6 Per Share GIC Housing Finance Limited Dividend - Rs 5.50 Per Share Gujarat Gas Limited Dividend - Rs 1 Per Share Indraprastha Gas Limited Dividend - Rs 2.40 Per Share Finolex Industries Limited Dividend - Rs 10 Per Share FORCE MOTORS LTD Dividend - Rs 10 Per Share Aurionpro Solutions Limited Dividend - Rs 2 Per Share Garden Reach Shipbuilders & Engineers Ltd Dividend - Rs 5.10 Per Share Gujarat State Petronet Limited Dividend - Rs 2 Per Share Jain Irrigation Systems Limited Dividend - Rs 1 Per Share Jocil Limited Dividend - Re 1 Per Share Jubilant Life Sciences Limited Dividend - Rs 4.50 Per Share Kolte - Patil Developers Limited Dividend - Rs 1 Per Share Kothari Products Limited Dividend - Re 1 Per Share Mazda Limited Dividend - Rs 9 Per Share Multi Commodity Exchange of India Limited Dividend - Rs 20 Per Share Nahar Spinning Mills Limited Dividend - Rs 1 Per Share NBCC (India) Limited Dividend - Rs 0.65 Per Share NHPC Limited Dividend - Rs 0.75 Per Share Nitin Spinners Limited Dividend - Rs 1.25 Per Share Royal Orchid Hotels Limited Dividend - Rs 2 Per Share Shilpa Medicare Limited Dividend - Rs 1 Per Share Shree Pushkar Chemicals & Fertilisers Limited Dividend - Rs 1.5 Per Share Superhouse Limited Dividend - Re 1 Per Share The Andhra Sugars Limited Dividend - Rs 10 Per Share Waterbase Limited Dividend - Rs 1.50 Per Share

(Source: NSE)

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EQUITY DAILY REPORT 11​Th​ September, 2019

EQUITY DAILY REPORT 11Th September, 2019