Market Wrap MARKETS AT GLANCE. Market Review BSE SECTORAL INDICES. Economy & Industry News GLOBAL INDICES

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1 MARKETS AT GLANCE Sensex NIFTY BSE Index BSE Index BSE Midcap BSE Smallcap NIFTY NEXT NIFTY BSE SECTORAL INDICES FMCG HEALTHCARE IT AUTO BANKEX CAPITAL GOODS CONSUMER DURABLES METAL OIL & GAS POWER REALTY TECK GLOBAL INDICES Market Review Benchmark indices BSE Sensex and NSE s Nifty 50 fell nearly 1% on Wednesday dragged by losses in metal and oil marketing companies amid continued foreign fund outflows. Moreover, shares in Asia and Europe traded mixed as investors were cautious about developments in the US- China trade relations and doubts about US-North Korea summit. BSE Sensex closed lower by points, or 0.88%, to 34,344.91, while the Nifty 50 fell points, or 1.01%, to close at 10, All the sectoral indices on BSE, except capital goods and consumer durables, ended lower with metal, oil and gas, basic materials and energy fell up to 3.93%. BSE MidCap and SmallCap declined 0.24% and 0.47%, respectively. SBI, L&T, NTPC and Tata Motors were top gainers, whereas Tata Steel, ONGC, Dr. Reddy s Labs and IndusInd Bank were among the top losers. Economy & Industry News CERC norms for renewable energy projects positive, need adequate transmission infra: ICRA: Power regulator CERC s norms on inter-state connectivity for renewable energy (RE) projects are a positive for developers but adequacy of transmission infrastructure is critical, rating firm ICRA said today. The Central Electricity Regulatory Commission (CERC), on May 15, notified the procedure for grant of connectivity to RE-based projects proposing to use the inter-state transmission system. Indian Retail sector attracts Rs 9.5 bn PE investment in 2018, up 35% y-o-y: Indian retail sector has attracted Rs 9.5 billion YTD (year till today) as compared to Rs 7 billion, a year ago. Cumulative investments into the sector between 2015 and 2018 stood at Rs 55 billion. Shanghai Composite Nikkei (Japan) Hang Seng DAX 5:00 PM FTSE 100 5:00 PM CAC 40 5:00 PM India to take a 'long-term' view on fuel pricing: Ravi Shankar Prasad-With petrol and diesel prices being hiked for the 10th day in a row, the government on Wednesday said it is working on a longterm solution to address the volatility and frequent revisions in rates. ADVANCE / DECLINE BSE NSE Advance Decline Unchanged (Source: BSE, NSE)

2 TOP 5 GAINERS IN NIFTY SBIN TECHM CIPLA UPL LT TOP 5 LOSERS IN NIFTY HINDPETRO VEDL TATASTEEL BPCL ONGC TOP 5 GAINERS AT BSE Group A MARKSANS SHRIRAMCIT LTI IDBI ANDHRABANK TOP 5 LOSERS AT BSE Group A HINDPETRO BALRAMCHIN TATASTEEL CENTURYTEX VEDL Corporate News Tata Motors consolidated profit fell in the quarter ended March, missing the lowest analyst estimates. Net profit declined 50 percent to Rs 2,125 crore as compared to the same quarter last year, Tata Motors said in its filing with the stock exchanges. This was much lower that the Bloomberg consensus estimate of Rs 3,750 crore. Revenue rose 18.2 percent on a yearly basis to Rs 91,279.1 crore, surpassing the estimated Rs 88,160 crore. Tata Steel's acquisition of a controlling stake in debt-laden Bhushan Steel is likely to raise the former's leverage over the next two to three years, Fitch Ratings said on Wednesday. Tata Consultancy Services (TCS) on Wednesday rebadged 430 former Transamerica employees to their Florida workforce, as part of its $2 billion deal with Transamerica to transform the administration of its US insurance and annuity business lines. Manpasand Beverages is looking to take on soft drink majors in FMCG sector with its latest health drink brand 'Siznal'. Targeting the healthy drinking consumers, Manpasand Beverages has rolled out a slew of juices that are blends of fruits and vegetables, sweetened with honey. Global News Euro Area Composite PMI below Forecasts: The IHS Markit Eurozone Composite PMI fell to 54.1 in May from 55.1 in April, below expectations of 55, preliminary estimates showed. The reading pointed to the slowest expansion in private sector activity since November of 2016 amid softer rises in business activity, new orders, employment and backlogs of work. Source: Business Line, Business Standard, Economic Times, Financial Express, Capital Market, AceEquity, tradingeconomics.com DEBT & FOREX MARKET Company Closing 6.79% GS Call Rates 4.85%-6.10% *INR / US$ *INR / Euro *INR / 100YEN *INR / Pound Sterling * RBI Reference Rate SENSEX INTRADAY CHART (Source: BSE)

3 Forthcoming Board Meetings Company Name Meeting Date Purpose Ajmera Realty & Infra India Limited 24-May-18 Financial Results/Other business matters Camlin Fine Sciences Limited 24-May-18 Financial Results/Fund Raising/Other business matters City Union Bank Limited 24-May-18 Cochin Shipyard Limited 24-May-18 Cummins India Limited 24-May-18 Dolphin Offshore Enterprises (India) 24-May-18 Financial Results Elgi Rubber Company Limited 24-May-18 GAIL (India) Limited 24-May-18 GlaxoSmithKline Pharmaceuticals Limited 24-May-18 /Other business matters GM Breweries Limited 24-May-18 Bonus Gokaldas Exports Limited 24-May-18 Financial Results/Other business matters Granules India Limited 24-May-18 Gujarat Alkalies and Chemicals Limited 24-May-18 Gujarat Industries Power Company 24-May-18 HeidelbergCement India Limited 24-May-18 Honda Siel Power Products Limited 24-May-18 Jindal Drilling And Industries Limited 24-May-18 JMC Projects (India) Limited 24-May-18 /Other business matters Kaveri Seed Company Limited 24-May-18 Financial Results/Buyback LT Foods Limited 24-May-18 Maharashtra Seamless Limited 24-May-18 Man Industries (India) Limited 24-May-18 Mangalore Chemicals & Fertilizers Limited 24-May-18 MOIL Limited 24-May-18 Mukta Arts Limited 24-May-18 Financial Results/Other business matters NCC Limited 24-May-18 /Other business matters Pidilite Industries Limited 24-May-18 Zydus Wellness Limited 24-May-18 Ramco Industries Limited 24-May-18 Repro India Limited 24-May-18 Financial Results Sequent Scientific Limited 24-May-18 Financial Results Somany Ceramics Limited 24-May-18 Sudarshan Chemical Industries Limited 24-May-18 Time Technoplast Limited 24-May-18 /Other business matters Triveni Engineering & Industries Limited 24-May-18 United Breweries Limited 24-May-18 United Spirits Limited 24-May-18 Financial Results Bank of Baroda Financial Results/Fund Raising BEML Limited Cadila Healthcare Limited Central Bank of India Financial Results Engineers India Limited Eris Lifesciences Limited Financial Results Excel Industries Limited FDC Limited Future Enterprises Limited /Fund Raising General Insurance Corporation of India /Bonus Hindustan Copper Limited /Other business matters IDBI Bank Limited Financial Results/Other business matters Jagran Prakashan Limited Jai Corp Limited

4 Forthcoming Board Meetings Company Name Meeting Date Purpose JB Chemicals & Pharmaceuticals Limited Financial Results JBF Industries Limited Jindal Saw Limited /Other business matters Kalpataru Power Transmission Limited /Fund Raising Lakshmi Machine Works Limited Financial Results Monte Carlo Fashions Limited Nagarjuna Fertilizers and Chemicals Financial Results/Other business matters Nagarjuna Oil Refinery Limited Financial Results NLC India Limited Financial Results ( Page Industries Limited S PC Jeweller Limited opower Finance Corporation Limited uramkrishna Forgings Limited r S H Kelkar and Company Limited c Shriram EPC Limited /Buyback Financial Results Financial Results/Other business matters e Sun Pharmaceutical Industries Limited : Sundaram Finance Limited TCI Express Limited Financial Results NTech Mahindra Limited S The India Cements Limited Financial Results E The Indian Hotels Company Limited ) The Orissa Minerals Development Co. Financial Results VA Tech Wabag Limited Forthcoming Corporate Action Company Name Ex-Date Purpose Ingersoll Rand (India) Limited 24-May-18 Special Dividend- Rs 202 Per Share DCB Bank Limited 24-May-18 Annual General Meeting / Dividend- Re 0.75 Per Share Trident Limited 24-May-18 Annual General Meeting / Dividend- Re 0.30 Per Share ITC Limited Dividend- Rs 5.15 Per Share Key Global Economic Indicators Date Country Event Actual Forecast Previous 21 May Japan Balance of Trade APR 626B 797B US Chicago Fed National Activity Index May US Richmond Fed Manufacturing Index May Germany Markit Manufacturing PMI Flash MAY Euro zone Markit Manufacturing PMI Flash Euro zone Markit Services PMI Flash MAY UK Inflation Rate YoY APR 2.4% 2.5% Euro zone Consumer Confidence Flash MAY 0.4% US PMI Composite Flash US FOMC Minutes 24 May Germany GfK Consumer Confidence JUN 10.8 US Jobless Claims 220K 222K US FHFA House Price Index-M/M change 0.7 % 0.6 % US Existing Home Sales M M 25 May UK GDP Growth Rate YoY 2nd Est Q1 1.4% US Durable Goods Orders -1.3% 2.6%

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