22ndJune, 2017 Nifty Sensex Open 9648.10 Open 31302.18 High 9650.45 High 31336.44 Low 9608.60 Low 31193.61 Close 9633.60 Close 31283.64 % Chg -0.21 % Chg -0.04% STOCK INDICES Closing 1D% SENSEX 31283.64 -0.04% NIFTY 9633.60 -0.21 Domestic- Bhushan Steel and Electrosteel Steels: Banks led by State Bank of India will BSE MIDCAP 14850.74 +0.04% decide on Thursday the fate of three large defaulters -Essar Steel, Bhushan CNX MIDCAP 18045.85 0.17 Steel and Electrosteel Steels which constitute nearly half the loans of the top Nifty Top Gainer HINDUNILVR 1,127.00 3.11 1,093.05 12 defaulters identified by the Reserve Bank of India, thus marking a RELIANCE 1,427.75 1.09 1,412.35 significant phase in the effort of lenders to clean up bad loans. MARUTI 7,279.00 1 7,207.25 KOTAKBANK 991.55 0.86 983.05 Corporate- SUNPHARMA 528.25 0.85 523.8 Petronet LNG: The country’s biggest importer of liquid gas is in talks to Nifty Top Looser Closing Previous Change buy 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) ONGC 164.6 -2.66 169.1 almost- complete Rs 4,500-crore Mundra LNG import terminal in Gujarat. HINDALCO 196.7 -2.62 202 Nila Infrastructure: The company on Wednesday received a work order BOSCHLTD 24,201.00 -2.08 24,714.4 from Ahmedabad Municipal Corporation (AMC) for slum rehabilitation and GAIL 368 -1.92 375.2 re-development for construction of 360 units on PPP basis. The project TATAMOTORS 458.5 -1.9 467.4 envisages to rehabilitate about 360 slum-dwelling families living at Securities Ban in Trade Khodiyarnagar Asarwa, Ahmedabad. The total area under the project of approximately 6,085 sq mtrs will be redeveloped in 24 months at a total ALBK development cost of approximately Rs 25.16 crore. As remuneration, the BANKINDIA company will get the balance vacant land of approximately 1,893 sq mtrs worth Rs 7.58 crore and the transferable development rights (TDR) of Rs BEML 17.8 crore. HDIL Federal Bank: South-based Federal Bank on June 21 launched an IBREALEST institutional sale of shares, aiming to raise around Rs 2,000 crore or $310 million in capital. There is an option to upsize the issue by Rs 500 IFCI crore or $77 million. INFIBEAM Axis Bank: Private sector Axis Bank has planned a capital raise of up to Rs JPASSOCIAT 35,000 crore in about a year’s time in line with its growth projection in domestic as well as overseas operations. KSCL Ashok Leyland: The company said that the board of directors of Hinduja ORIENTBANK Leyland Finance (HLFL) at its meeting held on May 23, 2017 has decided to withdraw the draft red herring prospectus (DRHP) and accordingly the DRHP had been withdrawn from Securities Exchange Board of India (Sebi) on June 16, 2017. Ashok Leyland had earlier informed about the filing of DRHP with Sebi by HLFL for the proposed initial public offering (IPO) of equity shares. HLFL is a subsidiary company of Ashok leyland. Comments: The benchmark indices pared some intraday losses, but ended lower as investors waited for minutes of a June policy meet by the Reserve Bank of India (RBI) to gauge the direction of interest rates in the months ahead. Wallfort Research Page 1 of 2 22ndJune, 2017 Wallfort Research is also available on Bloomberg <Code WFSR> Disclaimer: This document has been prepared by the Research Division of Wallfort Financial Services Ltd. Mumbai, India (WFSL) and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of WFSL. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. 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