Market Wrap MARKETS AT GLANCE. Market Review. Economy & Industry News BSE SECTORAL INDICES 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 Shanghai Composite Nikkei (Japan) Hang Seng DAX 5:00 PM FTSE 100 5:00 PM CAC 40 5:00 PM Market Review The benchmark equity indices fell on Wednesday amid weak global cues and unabated foreign fund outflows. Asian markets fell and European shares opened lower, tracking overnight losses on Wall Street, led by sell-off in industrials, materials and technology stocks after the 10-year Treasury yield briefly touched the psychologically important 3 per cent level for the first time in four years. Tomorrow s April month expiry in the derivatives segment added to the volatility in the domestic market. The BSE Sensex declines points, or 0.33%, to end at 34,501.27, while the NSE Nifty 50 closed lower by points, or 0.41%, to 10, Economy & Industry News RBI to hike rates by 25 basis points in June policy: Deutsche Bank report: Reserve Bank of India is expected to hike key policy rates by 25 basis points in June, largely on account of sharp increase in crude oil prices over the last few months, says a Deutsche Bank Research report. The global brokerage had said earlier that it expected RBI to maintain an extended pause and start the rate hike cycle only from the beginning of next year. Pace of construction not proportionate with award of road contracts: Report- The pace of road construction by the Union road ministry and the National Highways Authority of India (NHAI) is not proportionate with the award of road contracts, official data has revealed. However, experts believe the record is much better than what was it prior to since that time project award had slowed down considerably. Finance Ministry proposes to relax conditions for availing 10% concessional LTCG tax: The Finance Ministry has proposed to relax certain conditions for availing a concessional tax rate of 10% on long-term capital gains (LTCG) arising from transfer of listed equity shares or units of equity-oriented fund. After a gap of 14 years, the Union Budget 2018 reintroduced 10% tax on LTCG exceeding Rs 1 lakh from sale of shares. However, LTCG tax was nil for shares sold after a year of purchase till March 2018, as per Budget 2018 proposals. LTCG on sale of unlisted shares is taxed at 20 percent, while short-term capital gain tax on it is 30 percent. ADVANCE / DECLINE BSE NSE Advance Decline Unchanged (Source: BSE, NSE)

2 TOP 5 GAINERS IN NIFTY BHARTIARTL TCS M&M POWERGRID HCLTECH TOP 5 LOSERS IN NIFTY GAIL VEDL HINDPETRO HINDALCO GRASIM TOP 5 GAINERS AT BSE Group A LTI IBVENTURES NIITTECH RAYMOND PERSISTENT TOP 5 LOSERS AT BSE Group A PCJEWELLER HATHWAY TIMETECHNO BAJAJCORP WELCORP DEBT & FOREX MARKET Company Closing 6.79% GS Call Rates 4.85% % *INR / US$ *INR / Euro *INR / 100YEN *INR / Pound Sterling * RBI Reference Rate Corporate News Reliance Nippon Life Asset Management on consolidated basis, has reported a rise of 35% in its net profit after tax at Rs 162 crore for the quarter ended March 31, 2018 as compared to Rs 120 crore for the corresponding quarter in the FY17. Total income of the company increased by 26.60% at Rs 514 crore for quarter under review as compared to Rs 406 crore for the same quarter ended previous year. Zensar Technologies, on consolidated basis, has reported 7 fold jump in its net profit at Rs crore for the quarter ended March 31, 2018 as compared to Rs crore for the corresponding quarter in the FY17. Total consolidated income of the company rose 16.79% at Rs crore for quarter under review as compared to Rs crore for the same quarter ended previous year. Bajaj Corp has reported rise of 5.22% in its net profit at Rs crore for the quarter ended March 31, 2018, as compared to Rs crore for the same quarter in the previous year. Total income of the company increased by 7.54% at Rs crore for the quarter under review as compared Rs crore for the quarter ended March 31, IDFC Bank has reported a fall of 76.17% in its net profit at Rs crore for the quarter ended March 31, 2018, as compared to Rs crore for the same quarter in the previous year. However, total income of the Bank increased by 4.15% at Rs crore for the quarter under review as compared Rs crore for the quarter ended March 31, Wipro posted over 20 per cent decline in its consolidated profit to Rs 18 billion for the March quarter, The country's third-largest software services firm had registered a profit of Rs billion in the year-ago period, as per Indian accounting norms. Global News US 10-Year Bond Yield Continues to Rise: The yield on the US 10-year Treasury note rose for the 6th straight session to on Wednesday April 25th Inflation concerns due to higher commodity prices, strong economic outlook and rising interest rates have prompted selling in Treasuries. On Tuesday, the 10-year yield rose as high as 3.001%, topping 3% for the first time since January of Source: Business Line, Business Standard, Economic Times, Financial Express, Capital Market, AceEquity, tradingeconomics.com SENSEX INTRADAY CHART (Source: BSE)

3 Forthcoming Board Meetings Company Name Meeting Date Purpose Accelya Kale Solutions Limited 26-Apr-18 Financial Results Aditya Birla Money Limited 26-Apr-18 Financial Results AU Small Finance Bank Limited 26-Apr-18 Financial Results AU Small Finance Bank Limited 26-Apr-18 Dividend Automotive Stampings and Assemblies 26-Apr-18 Financial Results Axis Bank Limited 26-Apr-18 Financial Results/Dividend/Fund Raising Biocon Limited 26-Apr-18 Financial Results/Dividend Capital First Limited 26-Apr-18 Fund Raising Capital First Limited 26-Apr-18 Fund Raising Essel Propack Limited 26-Apr-18 Financial Results/Dividend GATI Limited 26-Apr-18 Other business matters HIL Limited 26-Apr-18 Financial Results Indian Energy Exchange Limited 26-Apr-18 Financial Results Jindal Stainless (Hisar) Limited 26-Apr-18 Financial Results Oil Country Tubular Limited 26-Apr-18 Financial Results Rallis India Limited 26-Apr-18 Financial Results/Dividend Reliance Capital Limited 26-Apr-18 Financial Results/Dividend SBI Life Insurance Company Limited 26-Apr-18 Financial Results Shriram City Union Finance Limited 26-Apr-18 Financial Results/Dividend/Other business matters Supreme Industries Limited 26-Apr-18 Financial Results/Dividend Tata Elxsi Limited 26-Apr-18 Financial Results/Dividend Tata Metaliks Limited 26-Apr-18 Financial Results/Dividend Yes Bank Limited 26-Apr-18 Financial Results/Dividend Atul Limited 27-Apr-18 Financial Results/Dividend Bandhan Bank Limited 27-Apr-18 Financial Results/Dividend Equitas Holdings Limited 27-Apr-18 Financial Results Hindustan Petroleum Corporation Limited 27-Apr-18 Financial Results IDFC Limited 27-Apr-18 Financial Results/Dividend/Other business matters Jagran Prakashan Limited 27-Apr-18 Buyback JSW Holdings Limited 27-Apr-18 Financial Results Mahindra Lifespace Developers Limited 27-Apr-18 Financial Results/Other business matters Maruti Suzuki India Limited 27-Apr-18 Financial Results/Dividend Merck Limited 27-Apr-18 Financial Results NELCO Limited 27-Apr-18 Financial Results RBL Bank Limited 27-Apr-18 Financial Results/Dividend Reliance Industries Limited 27-Apr-18 Financial Results/Dividend Shoppers Stop Limited 27-Apr-18 Financial Results/Dividend Shriram Transport Finance Company 27-Apr-18 Financial Results/Dividend/Other business matters Sundaram Finance Limited 27-Apr-18 Dividend Uniphos Enterprises Limited 27-Apr-18 Financial Results UPL Limited 27-Apr-18 Financial Results/Dividend Vardhman Special Steels Limited 27-Apr-18 Financial Results (Source: NSE) Forthcoming Corporate Action Company Name Ex-Date Purpose Sanofi India Limited 26-Apr-18 Annual General Meeting/ Dividend - Rs 53 Per Share ABB India Limited 27-Apr-18 Annual General Meeting/ Dividend - Rs 4.40 Per Share ITD Cementation India Limited 2-May-18 Annual General Meeting/ Dividend - Re 0.40 Per Share GM Breweries Limited 2-May-18 Annual General Meeting / Dividend Rs 3 Per Share Indiabulls Housing Finance Limited 2-May-18 Interim Dividend Rs 10/- Per Share (Source: NSE)

4 Key Global Economic Indicators Date Country Event Actual Forecast Previous 23 Apr Germany Markit Manufacturing PMI Flash APR US Chicago Fed National Activity Index US PMI Composite Flash US Existing Home Sales M M M 24 Apr Germany Ifo Business Climate APR US S&P Corelogic Case-Shiller HPI US New Home Sales 694 K 630 K 667 K US Consumer Confidence Apr Germany GfK Consumer Confidence MAY 10.9 Euro zone ECB Interest Rate Decision 0.0% US Durable Goods Orders - M/M change 1.7% 3.1% US International Trade in Goods $-74.5 B $-75.4 B US Jobless Claims 230K 232K 27 Apr UK Gfk Consumer Confidence APR -7 US GDP 2.0% 2.9% US Employment Cost Index 0.7 % 0.6 % US Consumer Sentiment (Source: Bloomberg, Investing.com)

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