JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INZ000174034 DAILY REPORT 22nd August, 2019 Prime Minister Narendra Modi on two-day State visit to France, meet French President Emmanuel Macron; Shareholder of LIC Housing to sell 33.7m shares in block deals; RBI to hold two overnight reverse repo auctions; Gillette India to announce 4Q FY19 results & dividend. WHAT TO WATCH: India’s Growth Pangs Worry Monetary Policy Makers, Minutes Show o High-frequency indicators suggest slowdown is spreading Shadow Bank Crackdown Accelerates in India Amid Cash Squeeze LIC Housing Holder Seeks to Raise Up to $211m Via Offer: Terms India Appoints Rajiv Gauba as Cabinet Secretary India’s Mines Ministry Stays Karnataka Govt Order on Lease: NMDC India RBI’s Das Sees Rate Transmission Improving in Coming Weeks India Eases Entry for Foreigners, Boosts Disclosure on Loan Data RBI: RTGS System to Operate from 7 a.m. from Aug. 26 vs 8 a.m. India July Crude Output Declines 4.4% Y/y: Gas Output Rises 0.2% Andhra Pradesh Won’t Revise All Clean Power Contracts: Minister India Notifies New Health Warnings for Tobacco products packs BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 6.1% RBI May do More Bond Purchases to Ensure Surplus Liquidity: IDFC Global Funds Buy Net INR7.71b of India Stocks on Wednesday: NSE Foreign Investors Sell Net INR4.08B of India Equities on Aug. 20 Foreigners Sell Net INR15b of India Equity Derivatives Wednesday Pimco Fund’s ‘Trade of a Decade’ Emerging-Market Bet Loses Steam MEDIA REPORTS: India, France likely to finalize roadmap for digital, cyber security cooperation: PTI Macron to discuss Kashmir with Modi: PTI Supreme Court to hear P Chidambaram’s plea on Friday: PTI India, Zambia sign 6 pacts; strengthen cooperation in defense: PTI Fidelity Management to sell stake in LIC Housing, CNBC-TV18 says Govt To Amend an Act to speed up coal exploration in India: PTI CBI Books NDTV’s Prannoy Roy, Radhika Roy for alleged violation: PTI HRD ministry to launch program to train over 4.2m teachers: PTI Oyo to add over 3,000 employees in India over six months: PTI EARNINGS: (net income adj. ests. in INR where available) Gillette India (GILL) 4Q & FY19 Ended June 30 Supreme Infrastructure (SPII) 4Q & FY19 Ended March 31 JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INZ000174034 GOVERNMENT: Prime Minister Modi will arrive in France Thursday evening and head for talks with French President Macron, who hosts a working dinner for the PM 9:45am: Mumbai. MSME & Road Transport Nitin Gadkari, to speak at NSE celebration of 200 SME IPO listing on NSE Emerge 10am: New Delhi. Chief Economic Advisor Krishnamurthy; Power Secretary Subhash Chandra Garg; Niti Aayog Chairman Rajiv Kumar to speak at Mindmine Summit 2019 4:45pm: New Delhi. Prahlad Singh Patel, MoS for culture & tourism to speak at the launch of The Diary of Manu Gandhi BOND SALES/PURCHASES (All times India Time): RBI to conduct INR700b & INR500b, overnight reverse repo auctions CORPORATE BONDS: Dewan Housing Defaults on INR50m interest payment on NCD series CORPORATE EVENTS: 9:30am: New Delhi. Anil Baijal, lieutenant governor of Delhi; Rajesh Pant, Cyber Security Coordinator, NSCS to speak at FICCI’s ’Homeland Security 2019’ 11am: Mumbai. Kia Motors India to announce launch of mid-SUV – the Kia Seltos 11:15am: Mumbai. Sudhanshu Vats, group CEO of Viacom 18 Media; Siddharth Bhardwaj, CMO & sales head of UFO Moviez to speak at the book launch 11:30am: New Delhi. Goodyear to introduce new range of Car & SUV tires 12pm: New Delhi. Press Conference to announce Hero Women’s Indian Open 2019 4:30pm: New Delhi. Dun & Bradstreet India to host PSU Awards 2019 and showcasing of India’s Top PSUs 2019 7pm: Mumbai. HDFC Bank to brief media for an Important Business Announcement AGMs: Abbott India, Lemon Tree Hotels, United Breweries MARKETS: S&P 500 up 0.8% to 2,924.43 STOXX Europe 600 up 1.2% to 375.80 MSCI Asia Pacific Index up 0.02% to 152.47 Gold spot up 0.03% to $1,503.08 Brent Futures up 0.4% to $60.53/bbl Sensex down 0.7% to 37,060.37 Nifty Index down 0.9% to 10,918.70 SGX Nifty futures down 0.1% to 10,922.50 INR up 0.2% to 71.5587 Yield on 7.26% bonds maturing Jan 2029 at 6.567% on Aug. 21 Rupee Bonds Rise as RBI’s Policy Minutes Awaited: Inside India JOINDRE CAPITAL SERVICES LTD. SEBI REGN NO. INH000002061 / INZ000174034 ANALYST ACTIONS: Saudi Aramco Deal Credit Positive for Reliance Industries: ICRA Orient Refractories Cut to Hold at Anand Rathi; PT 219 Rupees OFFERINGS: LIC Housing Holder Seeks to Raise Up to $211m Via Offer: Terms EQUITY PREVIEW: Coffee Day Enterprises (CCD): Says report ITC mulling stake buy factually incorrect; unaware of ITC considering buying stake in co. o Cigarette Maker ITC (ITC) Said to Mull Bid for India’s Coffee Day Hindustan Petroleum Corp (HPCL): Says it plans to spend 742b rupees on capex over next 5 years: CFO ICICI Prudential Life (IPRU): Says has cut holding in Redington India (REDI) to 5.3% by selling about 2% stake Infosys (INFO): Says expands strategic partnership with Google Cloud ITC (ITC): Says received enquiry from Coffee Day Intermediary on stake NMDC (NMDC): Sets lump ore prices at 2,900/ton and fine prices at INR2,660/ton effective Aug. 20 o Chairman tweets mines ministry stays Karnataka govt order on canceling mine extension lease .