Sectoral Indices. Crude Oil closed at US$ per barrel and Rupee closed at Rs against each US$.

Transcription

1 s Phone : research@shriraminsight.com Shriram Market Analysis and Research Team For Private Circulation Only mart THURSDAY JULY Indian Market S&P CNX Nifty % SENSEX % Exchange Turnover (Rs. in Crore) MARKET CURRENT Previous NSE Cash NSE F&O Previous FII Positions(In Crore) ACTIVITIES Cash F&O NET BUY NET SELL - - Economic News Sectoral Indices BSE BANKEX % BSE IT % BSE CG % BSE OIL & GAS % BSE FMCG % BSE AUTO % BSE HC % BSE POWER % BSE METAL % Top Gainers CAIRN % TATAMOTORS % DRREDDY % M&M % MARUTI % Asia Pacific Markets Nikkei % HangSeng % Straits Times % Shanghai % Kospi % Jakarta % Taiwan % KLSE Composite % All Ordinaries % Top Losers LUPIN % BAJAJ-AUTO % TATASTEEL % ZEEL % TECHM % Crude Oil closed at US$ per barrel and Rupee closed at Rs against each US$. Corporate News Bharti Airtel Limited ( NSE : BHARTIARTL ) is reportedly planning to raise $500 mn-$1 bn, or Rs 3,200-6,400 crore. This fund raising will be to partly fund spectrum related payments, meet capital expenditure for network expansion and pare debt. Tata Motors Limited ( NSE : TATAMOTORS ) has laid out a target of tripling its commercial vehicle exports to 1.5 lakh units by The company plans to focus of exports to de-risk the business dependent of the cyclical domestic CV industry. Mahindra & Mahindra Limited ( NSE : M&M ) will be launching the refreshed version of its off-road vehicle ie Thar. The new Thar will be having improved exteriors and added features for comfort and convenience on the inside. Alstom India Limited ( NSE : AIL ) and Alstom Transport S.A. has been issued a Letter of Acceptance by Dedicated Freight Corridor Corporation of India Limited for Design, Construction, Supply, Testing and Commissioning of 2X25kv AC 50 Hz Electrification, Signalling, and Telecommunication and Associated Works of Double Track Railways Lines Under Construction on a Design Build Lump Sum Basis for Bhaupur-Khurja Section of Eastern Dedicated Freight Corridor (System Works Contract Package - 104) for an accepted contract amount of approximately Rs. 1,497 crores. KEC International Limited ( NSE : KEC ) has sold its telecom assets to ATC Telecom Tower Corporation for Rs82.3 crore. The assets consist of 381 telecom sites and arelocated in the states of Chhattisgarh, Meghalaya and Mizoram. Persistent Systems Limited ( NSE : PERSISTENT ) has announced that Persistent Systems Inc. (PSI), a California corporation and subsidiary of Persistent Systems Limited signed an agreement with Intel Overseas Funding Corporation to acquire the stock of Aepona Holdings Limited, a Republic of Ireland corporation. Tata Communications Limited ( NSE : TATACOMM ) plans to sell a 74% stake in its subsidiary Tata Communications Data Centre Pvt. Ltd. *Through Insight Commodities & Futures Pvt. Ltd. EQUITIES DERIVATIVES COMMODITIES* DP SERVICES MUTUAL FUNDS RESEARCH SHRIRAM INSIGHT SHARE BROKERS LTD. CK-5, Sector-II, Saltlake City, Kolkata Tel : , , Fax : (033) research@shriraminsight.com

2 Glenmark Pharmaceuticals Limited ( NSE : GLENMARK ) has now introduced its new third generation oral anti diabetic agent Teneligliptin for type-2 diabetes in India at an affordable price of Rs per tablet. The molecule gliptin comes under the category of DPP-4 inhibitors, which is backed by scientific data as being safe, well tolerated, weight neutral with low risk of hypoglycemia. Lupin Limited ( NSE : LUPIN ) has acquired GAVIS to Expand US Generic Business. Global News Policymakers of the Bank of England unanimously decided to keep the monetary policy unchanged at the meeting held early this month, but more rate-setters moved closer to vote for a rate hike. The Monetary Policy Committee voted 9-0 to retain its key rate at a record low 0.50% and asset purchase programme at GBP 375 billion. For all members, the policy decision this month was clear cut. U.K. retail sales declined 0.2% in June from prior month. Likewise, sales excluding automotive fuel also dropped 0.2%. On a yearly basis, growth in retail sales including automotive fuel eased unexpectedly to 4% from 4.7% in May. Excluding auto fuel, sales growth slowed to 4.2% from 4.5%. U.S. existing home sales climbed 3.2% to an annual rate of 5.49 million in June from a downwardly revised 5.32 million in May. Existing home sales are up by 9.6% compared to the same month a year ago, reflecting the ninth consecutive month of year-over-year growth. Market Talk BHEL signs MoUs in Kazakhstan BHEL Marking the commencement of a new era of inclusive growth and co- operation, BHEL has signed three MoUs with Kazakh companies during the Hon ble Prime Minister, Narendra Modi s recent visit to Kazakhstan. The first MoU was signed with JSC Samruk Energy, the national power utility of Kazakhstan having a major share in the Kazakh power sector. An MoU towards comprehensive co-operation in the energy sector for design and construction of power plants and CHP (combined heat and power plants) was signed with KUS, one of the largest utility companies in the Kazakh power sector operating in power generation; heat production; transmission; sale of heat and electricity, etc. BHEL and KAZNEX INVEST, the National Export and Investment Agency of Kazakhstan, working under the Ministry of Investments and Development of the Republic of Kazakhstan also agreed on co-operation in attempting projects in Kazakhstan and an MoU to this effect was signed during the visit. Result Announcement PROFIT AFTER TAX TOTAL SALES / INCOME COMPANY PERIOD CURR PREV CHANGE CURR PREV CHANGE Bajaj Auto Limited Q1FY16(YOY) % % GAIL (India) Limited Q1FY16(YOY) % % Lupin Limited ( Consolidated ) Q1FY16(YOY) % % L&T Finance Holdings Limited ( Copnsolidated ) Q1FY16(YOY) % % Sterlite Technologies Limited Q1FY16(YOY) % % Wipro Limited ( Consolidated ) Q1FY16(QOQ) % % PROFIT AFTER TAX NET INTEREST INCOME COMPANY PERIOD CURR PREV CHANGE CURR PREV CHANGE Indian Bank Q1FY16(YOY) % % * The above figures are in Rs Crores

3 Index Chart Profit booking dragged down Indian equities. Disappointing earnings of Lupin and Bajaj Auto played the spoil sport. While Nifty closed at 8,589.80, down points while as the Sensex lost points, ending the day at NSE Nifty touched an intra-day high of 8, and low of 8, while BSE Sensex touched an intra-day high of and low of Top gainer was CAIRN ( 6.44% ), TATAMOTORS ( 3.03% ), DRREDDY ( 1.71% ), M&M ( 1.24% ) and MARUTI ( 1.02% ). Top losers were LUPIN ( -5.25% ), BAJAJ-AUTO ( -4.96% ), TATASTEEL ( -3.74% ), ZEEL ( -2.95% ) and TECHM ( -1.98% ). BSE TECk, Bankex, Capital Goods, IT, Pharma and Metal slumped between %. However, BSE Consumer Durables index surged 1.59%. BSE Midcap Index was down 0.16% and BSE Smallcap Index moved 0.51% higher. Asian markets ended mostly higher while Europe also edged higher. Nifty may find support at around 8557, 8525 and resistance at around 8638, INDEX LTP PTS. CHANGE CHANGE(%) SENSEX % CNX NIFTY 8, % CNX NIFTY JUNIOR 20, % LIX 15 3, % INDIA VIX % CNX 100 8, % CNX 500 7, % CNX MIDCAP 13, % NIFTY MIDCAP 50 3, % CNX SMALLCAP 5, % CNX 200 4, %

4 Bulk Deals DATE SCRIPS NAME BUYER/SELLER BUY/ AVERAGE QNTY. SELL RATE 22-Jul-15 GOKEX SHILPA PORINJU VELIYATH BUY Jul-15 RASOYPR AMALESWARA RAO ANAGANI BUY Jul-15 GOKEX DINESH JHAMANDAS HINDUJA SELL Jul-15 LIBERTSHOE ANMOL GUPTA SELL Jul-15 SUMEETINDS KRISHNA DEVI LAHOTI SELL Forthcoming Event Board Meetings as on 24/07/2015 ABB India Limited Results Atul Limited Results Axis Bank Limited Results Bharat Bijlee Limited Results Bharat Electronics Limited Results Crompton Greaves Limited Results Eveready Industries India Limited Results/Dividend Geojit BNP Paribas Financial Services Limited Results/Others Hitachi Home and Life Solutions (India) Limited Results Jenson & Nicholson (India) Limited Results JSW Holdings Limited Results Kolte - Patil Developers Limited Results KSB Pumps Limited Results Lumax Industries Limited Results Mahindra & Mahindra Financial Services Limited Results Reliance Industries Limited Results State Bank of Bikaner and Jaipur Results Supreme Industries Limited Results/Dividend Tata Elxsi Limited Results TVS Motor Company Limited Results VIP Industries Limited Results Corporate Actions as on 24/07/2015 Geojit BNP Paribas Financial Services Limited Dividend - Rs 1.75/- Per Share Grindwell Norton Limited Dividend - Rs 6.50/- Per Share Jayshree Tea & Industries Limited Dividend - Re 1/- Per Share Mcleod Russel India Limited Dividend Rs 3/- Per Share Redington (India) Limited Dividend Rs 1.90 Per Share V-Guard Industries Limited Dividend - Rs 4.50/- Per Share

5 Derivatives Watch SYMBOL Expiry Prev. Change Change Open Prev. Open Change Change Date LTP LTP in Price Interest* Interest in OI * NIFTY 30-Jul % % HDFC 30-Jul % % LT 30-Jul % % BHARTIARTL 30-Jul % % HDFCBANK 30-Jul % % INFY 30-Jul % % SBIN 30-Jul % % RELIANCE 30-Jul % % RPOWER 30-Jul % % ICICIBANK 30-Jul % % * figures show no of contracts Nifty July series futures witnessed an unwinding of short position. Open Interest has been decreased by contracts at the end of the day. Long position build up for the July series has been witnessed in HDFC. Short position build up for the July series has been witnessed in LT, BHARTIARTL, HDFCBANK, INFY. Unwinding of position for the July series has been witnessed in RELIANCE, RPOWER, SBIN, ICICIBANK. D I S C L A I M E R This document has been prepared by Shriram Insight Share Brokers Ltd. and is meant for sole use by the recipient and not for circulation. This document is not to be reported or copied or made available to others. The information contained herein is from sources believed reliable It should not be considered to be taken as an offer to sell or a solicitation to buy any security or as an official confirmation of any transaction. We do not represent that it is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The investments discussed or recommended in this report may not be suitable for all investors. Shriram Insight Share Brokers Ltd stock Recommendation Service is a general recommendation service and is not to be construed as an individual investor specific Portfolio Management and Advisory Service. The user assumes the entire risk of any use made of this information. Each recipient of this document should arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult its own advisors to determine the merits and risks of such an investment. Shriram Insight Share Brokers Ltd shall not be responsible for any loss or liability incurred to the user as a consequence of his or any other person on his behalf taking any investment decisions based on the information, recommendations, research reports, analysis, quotes, etc. provided on the web site Shriram Insight Share Brokers Ltd and its affliated company (ies), their directors and employees may; (a) from time to time, having a long or short position in, and buy or sell the securities of the company (ies) recommended. (b) be engaged in any other transaction involving such securities and act as a market maker in the securities of the company (ies) or lender / borrower to such company (ies) or may have any other potential conflict of interests with respect to any recommendation and other related information and opinions. Shriram Insight Share Brokers Ltd shall also not be liable for errors, omissions or typographical errors, disruption delay, interruption, failure, deletion or defect of/in the Service provided by it. All Users of the Service in countries other than India understand that by using the Service, they may be violating the local laws in such countries. If the User chooses