Market Wrap. Market Review. Economy & Industry News. July 26, 2017

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1 Market Wrap MARKETS AT GLANCE Indices Closing Point Chg % Chg Sensex NIFTY BSE Index BSE Index BSE Midcap BSE Smallcap NIFTY NEXT NIFTY BSE SECTORAL INDICES Indices Closing Point Chg % Chg FMCG HEALTHCARE IT AUTO BANKEX CAPITAL GOODS CONSUMER DURABLES METAL OIL & GAS POWER REALTY TECK GLOBAL INDICES. Indices Closing Point Chg % Chg Shanghai Composite Nikkei (Japan) Hang Seng DAX 5:00 PM FTSE 100 5:00 PM CAC 40 5:00 PM Advance / Decline BSE NSE Advance Decline Unchanged (Source: BSE, NSE) Market Review The benchmark equity indices ended the day higher with Nifty50 settling above the 10,000-mark for the first time. Sensex, too, ended at fresh closing high for the day led mainly by gains in metal, pharma stocks. Expectations of a better earnings season with improving economic indicators have increased investor confidence, although high valuations are seen capping gains in the near term. Nifty gained points or 0.56 per cent to end at 10, Sensex rose points or 0.48 per cent to close at new high of 32, Among BSE sectoral indices, metal index was the star-performer and was up 1.74 per cent, followed by capital goods 0.89 per cent, healthcare 0.8 per cent and banking 0.74 per cent. On the other hand, TECk index was down 0.37 per cent and IT IT 0.2 per cent. Top five Sensex gainers were Tata Steel (+2.22%), Sun Pharma (+2.08%), ICICI Bank (+2.07%), M&M (+1.94%) and Cipla (+1.82%), while the major losers were Axis Bank (-2.9%), Asian Paints (-1.43%), TCS (-0.62%), Bharti Airtel (-0.32%) and Bajaj Auto (-0.24%). Economy & Industry News Govt may lease out infrastructure projects to private operators: Niti CEO- The government needs to exit infrastructure projects and even look at handing over jails, schools and colleges to the private sector as happens to be the case in countries like Canada and Australia, NITI Aayog CEO Amitabh Kant said. No plans to take up delayed residential projects of private builders: Govt- The government has no plans to take over delayed residential projects of private builders and complete them for home buyers, the Lok Sabha was informed. Govt seeks Parliament nod for additional expenditure of Rs 11,166 cr: The government on Wednesday sought Parliament's approval for supplementary grants worth Rs 11, crore for the current financial year. Finance Minister Arun Jaitley presented the supplementary demands for grants for as well as the demands for excess grants in the Lok Sabha for Ficci, EY urge government to remove roadblocks to PPP model in India: A joint study conducted by the Federation of Indian Chambers of Commerce and Industry (Ficci) and EY stated that there is an urgent need to address and seek resolution for the multiple factors dampening the interest of the private sector in terms of making investments in the transport sector.

2 TOP 5 GAINERS IN NIFTY YESBANK INDUSINDBK TATASTEEL VEDL CIPLA TOP 5 LOSERS IN NIFTY AXISBANK ZEEL AMBUJACEM ASIANPAINT ACC TOP 5 GAINERS AT BSE Group A GET&D SPARC JINDALSTEL JPASSOCIAT MMTC TOP 5 LOSERS AT BSE Group A RENUKA LAKSHVILAS FEDERALBNK SREINFRA ORIENTBANK DEBT & FOREX MARKET Company Closing 7.59% GS Call Rates 5.0%-6.25% *INR / US$ *INR / Euro *INR / 100YEN *INR / Pound Sterling * RBI Reference Rate SENSEX INTRADAY CHART Corporate News Emami has introduced gel, spray and roll-on formats for Zandu, its pain management solution brand. While, the Zandu gel and spray formats will cater to the body-ache and joint pain segments; the rollon will look at providing relief from headache. Orient Cement Ltd has reported a net profit of Rs crore in the first quarter ended June 30, The company had posted a net loss of Rs crore in the same period last fiscal, Orient Cement Ltd said. PVR Ltd reported a 3.85 per cent increase in consolidated net profit at Rs crore for the quarter ended June 30. The company had reported a consolidated net profit of Rs crore for the April- June quarter of last fiscal. Its total income during the first quarter of the current fiscal stood at Rs crore, up per cent as against Rs crore reported in the corresponding period a year ago, PVR said. Tata Motors announced the launch of a range of commercial vehicles in the Philippines to expand its presence in the South-East Asian nation. The company said it has entered into a distribution agreement with Pilipinas Taj Autogroup Inc, a business conglomerate engaged in local distribution of motor vehicles in the Philippines. Indiabulls Housing Finance Ltd (IBHL), India s second largest housing finance company, has posted 25 per cent increase in its net profit at Rs crore for the quarter ended June 2017 compared to Rs crore reported in the same quarter last year. HDFC reported a marginal decline in consolidated net profit at Rs 2,734 crore for the first quarter ended on June 30. Its consolidated net profit during the April-June quarter of the previous financial year stood at Rs 2,797 crore. However, total consolidated income rose to Rs 14,463 crore for the quarter as compared to Rs 13,531 crore for the quarter ended June 30, YES Bank reported a 32 per cent rise in net profit to Rs 966 crore ($150 million) in the quarter ended June 30, 2017, compared to Rs 732 in the year-ago period helped by higher interest and fee income. Bharat Financial Inclusion (BFIL) has reported a net loss of Rs crore for the quarter ended June 2017, impacted by the elevated levels of provisions and the financial costs in the second consecutive quarter (Q). BFIL's net profit stood at Rs crore in the same quarter year-on-year. Federal Bank has registered a rise of 25.6 per cent in its net profit at Rs crore for first quarter of the current fiscal on higher core income and good returns on investments. Global News UK Economy Grows 0.3%: The British economy advanced 0.3% on quarter in Q2, in line with expectations and higher than a 0.2% expansion in Q1, a preliminary estimate showed. Services were the main driver of growth, namely retail trade, film production and distribution while construction and manufacturing contracted. (Source: BSE) Source: Business Line, Business Standard, Economic Times, Financial Express, Capital Market, AceEquity, tradingeconomics.com

3 Forthcoming Board Meetings Company Name Meeting Date Purpose Dr. Reddy's Laboratories Limited 27-Jul-17 Results WABCO India Limited 27-Jul-17 Results Tata Elxsi Limited 27-Jul-17 Results Tata Coffee Limited 27-Jul-17 Results Syngene International Limited 27-Jul-17 Results Supreme Industries Limited 27-Jul-17 Results Motilal Oswal Financial Services Limited 27-Jul-17 Results Reliance Capital Limited 27-Jul-17 Results Maruti Suzuki India Limited 27-Jul-17 Results OnMobile Global Limited 27-Jul-17 Results Oil & Natural Gas Corporation Limited 27-Jul-17 Results Kirloskar Brothers Limited 27-Jul-17 Results ITC Limited 27-Jul-17 Results HCL Technologies Limited 27-Jul-17 Results/Dividend Indbank Merchant Banking Services 27-Jul-17 Results/Others India Motor Parts and Accessories Limited 27-Jul-17 Results ICICI Bank Limited 27-Jul-17 Results IFB Industries Limited 27-Jul-17 Results/Others IDFC Bank Limited 27-Jul-17 Results/Others IDFC Limited 27-Jul-17 Results Idea Cellular Limited 27-Jul-17 Results Glenmark Pharmaceuticals Limited 27-Jul-17 Results Gammon Infrastructure Projects Limited 27-Jul-17 Results Exide Industries Limited 27-Jul-17 Results Blue Dart Express Limited 27-Jul-17 Results Biocon Limited 27-Jul-17 Results/Others Crompton Greaves Consumer Electricals 27-Jul-17 Results Aditya Birla Fashion and Retail Limited 27-Jul-17 Results Balaji Amines Limited 27-Jul-17 Results Cholamandalam Investment and Finance 27-Jul-17 Results/Others Zuari Global Limited 28-Jul-17 Results Zuari Agro Chemicals Limited 28-Jul-17 Results SKF India Limited 28-Jul-17 Results/Others Shoppers Stop Limited 28-Jul-17 Results Shakti Pumps (India) Limited 28-Jul-17 Results/Others Ramky Infrastructure Limited 28-Jul-17 Results NIIT Limited 28-Jul-17 Results Oriental Carbon & Chemicals Limited 28-Jul-17 Results Oberoi Realty Limited 28-Jul-17 Results Karur Vysya Bank Limited 28-Jul-17 Results Larsen & Toubro Limited 28-Jul-17 Results/Others LIC Housing Finance Limited 28-Jul-17 Results Lakshmi Finance & Industrial Corporation 28-Jul-17 Results The India Cements Limited 28-Jul-17 Results Hester Biosciences Limited 28-Jul-17 Results HeidelbergCement India Limited 28-Jul-17 Results Indraprastha Medical Corporation Limited 28-Jul-17 Results Elgi Equipments Limited 28-Jul-17 Results Escorts Limited 28-Jul-17 Results Equitas Holdings Limited 28-Jul-17 Results Automotive Stampings and Assemblies 28-Jul-17 Results The Andhra Sugars Limited 28-Jul-17 Results Alembic Limited 28-Jul-17 Results

4 Forthcoming Board Meetings Company Name Meeting Date Purpose Binani Industries Limited 28-Jul-17 Results Bhageria Industries Limited 28-Jul-17 Results ABM International Limited 28-Jul-17 Results Coromandel International Limited 28-Jul-17 Results Century Enka Limited 28-Jul-17 Results Astra Microwave Products Limited 28-Jul-17 Results (Source: NSE) Forthcoming Corporate Action Company Name Ex-Date Purpose Nagarjuna Agrichem Limited 27-Jul-17 Dividend - Re Per Share Nelcast Limited 27-Jul-17 Dividend - Re 0.90/- Per Share Rossell India Limited 27-Jul-17 Dividend - Re 0.20 Per Share The Ramco Cements Limited 27-Jul-17 Dividend - Rs 3 Per Share Ramco Industries Limited 27-Jul-17 Dividend - Re 0.50 Per Share RBL Bank Limited 27-Jul-17 Dividend - Rs 1.80 Per Share The United Nilgiri Tea Estates Company Limited 27-Jul-17 Dividend - Rs 1.70 Per Share Tata Sponge Iron Limited 27-Jul-17 Dividend - Rs 11 Per Share Tech Mahindra Limited 27-Jul-17 Dividend -Rs 9/- Per Share Thermax Limited 27-Jul-17 Dividend - Rs 6 Per Share TTK Healthcare Limited 27-Jul-17 Dividend - Rs 5 Per Share Ujjivan Financial Services Limited 27-Jul-17 Dividend - Re 0.80 Per Share Sudarshan Chemical Industries Limited 27-Jul-17 Dividend - Re 1/- Per Share Aspinwall and Company Limited 27-Jul-17 Dividend -Rs 3/- Per Share Bajaj Electricals Limited 27-Jul-17 Dividend - Rs 2.80 Per Share Cosmo Films Limited 27-Jul-17 Dividend - Rs 10/- Per Share CRISIL Limited 27-Jul-17 Interim Dividend - Rs 6/- Per Share (Purpose Revised) Berger Paints (I) Limited 27-Jul-17 Dividend - Rs 1.75/- Per Share Cummins India Limited 27-Jul-17 Dividend - Rs 9/- Per Share Alkali Metals Limited 27-Jul-17 Dividend - Re 0.50 Per Share D-Link (India) Limited 27-Jul-17 Dividend - Re 0.50 Per Share Arvind Limited 27-Jul-17 Dividend - Rs 2.40 Per Share Finolex Industries Limited 27-Jul-17 Dividend - Rs Per Share Garware Wall Ropes Limited 27-Jul-17 Divided - Rs 3.50 Per Share/Special Dividend - Rs 1.50 Per Share Graphite India Limited 27-Jul-17 Dividend - Rs 2 Per Share Insecticides (India) Limited 27-Jul-17 Dividend -Rs 2/- Per Share Honda Siel Power Products Limited 27-Jul-17 Dividend - Rs 7.5 Per Share Jamna Auto Industries Limited 27-Jul-17 Dividend - Rs 2 Per Share IPCA Laboratories Limited 27-Jul-17 Dividend - Re 1/- Per Share JK Tyre & Industries Limited 27-Jul-17 Dividend - Rs 2.50 Per Share Kirloskar Oil Engines Limited 27-Jul-17 Dividend - Rs 5 Per Share Saksoft Limited 27-Jul-17 Dividend -Rs 3/- Per Share MRF Limited 27-Jul-17 Dividend - Rs 54/- Per Share Dhunseri Tea & Industries Limited 28-Jul-17 Dividend - Rs 8/- Per Share Britannia Industries Limited 28-Jul-17 Dividend - Rs 22/- Per Share Amara Raja Batteries Limited 28-Jul-17 Dividend - Rs 4.25 Per Share Bharat Forge Limited 28-Jul-17 Dividend - Rs 5/- Per Share Lakshmi Machine Works Limited 28-Jul-17 Dividend - Rs 35/- Per Share ICRA Limited 28-Jul-17 Dividend - Rs 27/- Per Share

5 Forthcoming Corporate Action Company Name Ex-Date Purpose Wheels India Limited 28-Jul-17 Dividend - Rs 8/- Per Share Century Textiles & Industries Limited 28-Jul-17 Dividend - Rs 5.50 Per Share CEAT Limited 28-Jul-17 Dividend - Rs Per Share Emkay Global Financial Services Limited 28-Jul-17 Dividend Re 1 Per Share Dhunseri Petrochem Limited 28-Jul-17 Dividend - Rs 2/- Per Share (Source: NSE) Key Global Economic Indicators Date Country Event Actual Forecast Previous 24 July Japan Nikkei Manufacturing PMI Flash JUL Germany Markit Manufacturing PMI Flash JUL Germany Markit Services PMI Flash JUL Euro zone Markit Manufacturing PMI Flash JUL Euro zone Markit Services PMI Flash JUL US PMI Composite Flash US Existing Home Sales - Level SAAR M M M 25 July Germany IFO Business Climate JUL US FOMC Meeting Begins US FHFA House Price Index M/M change 0.4% 0.6 % 0.6 % US Consumer Confidence Level July UK GDP Growth Rate YoY Prel Q2 1.7% 2% US New Home Sales 612 K 610 K US FOMC Meeting Announcement 27 July Germany GfK Consumer Confidence AUG 10.6 US Durable Goods Orders New Orders - M/M 3.2 % -1.1 % US Balance of trade $-65.0 B $-65.9 B US Jobless Claims 240 K 233 K 28 July Japan Inflation Rate YoY JUN 0.4% UK Gfk Consumer Confidence JUL -10 US GDP 2.6 % 1.4 % US Employment Cost Index 0.6 % 0.8 % US Consumer Sentiment (Source: Bloomberg,

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