Market Wrap. October 24, 2017 MARKETS AT GLANCE

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1 Market Wrap 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 Advance / Decline BSE NSE Advance Decline Unchanged (Source: BSE, NSE) Market Review The benchmark equity market indices closed higher with Nifty50 trading above the 10,200- mark and Sensex up over 100 points ahead of October F&O expiry and Infosys results. Sensex gained points or 0.31% to close at 32, points while NSE Nifty added points or 0.22% to finish at 10,207.7 points. It is believed that more than the Q2 numbers, the management commentary will remain in focus as an update on the company's strategic preferences is crucial at this juncture. Among BSE sectoral indices, PSU index was the star-performer and was up 1.8 per cent, followed by power 1.28 per cent, infrastructure 1.25 per cent and oil & gas 0.63 per cent. On the other hand, IT index fell 0.76 per cent, healthcare 0.41 per cent, consumer durables 0.31 per cent and TECk 0.22 per cent. Top five Sensex gainers were Asian Paints (+4.1%), State Bank of India (+3.56%), NTPC (+2.83%), ONGC (+2.56%) and HUL (+1.81%), while the major losers were Tata Motors (-1.54%), Infosys (-1.37%), Sun Pharma (-1.07%), Lupin (-0.98%) and M&M (-0.81%). Economy & Industry News Government to infuse Rs 2,11,000 crore in public sector banks Government hikes wheat MSP by Rs 110/quintal; pulses, Rs 200/quintal: The government has increased the minimum support price (MSP) of wheat by Rs 110 to Rs 1,735 a quintal and of pulses by Rs 200 per quintal to help boost the output of these crops and check prices. Total GST revenue for September stood at Rs 92,150 crore as on Monday: Finance Ministry: According to the ministry, the total revenue of GST paid under different heads stood at Rs 92,150 crore. The total CGST revenue of the government is Rs 14,042 crore, SGST revenue is Rs 21,172 crore and IGST revenue is Rs 48,948 crore, the Finance Ministry tweeted. The IGST revenue, which consists of Rs 23,951 crore of IGST from imports in September 2017, is Rs 48,948. The compensation cess of the government stood at Rs 7,988 crore, of which Rs 722 crore is from imports in September Cabinet clears Rs 7 lakh cr for road expansion; thousands to get jobs: The government has approved Rs 7 lakh crore worth highway projects including the ambitious Bharatmala. The development has come barely few months after Union Minister Nitin Gadkari said that the government will soon launch the Bharatmala project to build over 20,000 km of highways in the first phase. ITI lowest bidder for 50 lakh smart meter auction by EESL: Staterun ITI Ltd has emerged as the lowest bidder for 50 lakh smart meters quoting a rate of Rs 2,503 per unit, followed by Genus Power and KEONICS in a reverse auction by EESL. Earlier this month, L&T had quoted the lowest price for smart meters at Rs 2,722 per unit, which was per cent lower than the current market price. State-run Energy Efficiency Services Ltd (EESL) has achieved a further price reduction in the procurement of 50 lakh smart smart meters on the basis of a reverse auction of the tender conducted last week.

2 TOP 5 GAINERS IN NIFTY ZEEL ASIANPAINT SBIN NTPC ONGC TOP 5 LOSERS IN NIFTY HCLTECH YESBANK INDUSINDBK TATAMOTORS INFY TOP 5 GAINERS AT BSE Group A JETAIRWAYS SCI NCC SYNDIBANK ANDHRABANK TOP 5 LOSERS AT BSE Group A GHCL HAVELLS BAJAJELEC RELIGARE UNITECH DEBT & FOREX MARKET Company Closing 7.59% GS Call Rates 5.25%-6.00% *INR / US$ *INR / Euro *INR / 100YEN *INR / Pound Sterling * RBI Reference Rate SENSEX INTRADAY CHART (Source: BSE) Corporate News Infosys Q2 profit up 3.2% to Rs 3,726 cr, guidance for year ahead lowered: India s second-biggest information technology services company Infosys on Tuesday reported 3.2 per cent net profit growth for the July-September quarter to Rs 3,726 crore, on a revenue of Rs 17,567 crore, 1.5 cent higher when compared with the same quarter a year earlier. Infosys, which dealt with management changes and exit of the first non-founder chief executive during the past four quarters, has been facing challenges in achieving faster digital business growth, a key metric for its global peers in IT services industry. Zee Entertainment Q2 net up 148% on sale of sports broadcasting biz: Zee Entertainment Enterprises Ltd (ZEEL) has reported over twofold jump in consolidated net profit at Rs crore for the second quarter ended September 30, The company had registered a consolidated net profit of Rs crore in the July- September quarter a year ago. ZEEL's total income on consolidated basis was up 2.67 per cent to Rs 1, crore during the quarter under review as against Rs 1, crore of the corresponding quarter last financial year. HDFC Bank Q2 net up 20% to Rs 4,151 cr, but bad loans surge: HDFC Bank has reported a rise in net profit by 20.1 per cent to Rs 4,151 crore for the September quarter against Rs 3,455 crore in the yearago quarter. Provisions for bad loans, surged per cent to Rs 1, crore from Rs crore a year ago. The provisions for the September quarter consisted of specific loan loss provisions of Rs 1,078.8 crore and general and other provisions of Rs crore. This was against specific loan loss provisions of Rs crore and general and other provisions of Rs crore in the previous year s September quarter. Jaiprakash Associates seeks SC nod to sell off Yamuna Expressway to generate Rs 2000 cr: Jaiprakash Associates (JAL) has sought permission from the Supreme Court to hive off its multi-crore Yamuna Expressway toll asset rights to generate Rs 2,000 crore that it is supposed to deposit to cover part of its subsidiary Jaypee Infratech s liability towards 32,000 homebuyers. Global News Eurozone Govt Debt Falls Slightly In Q2: The euro area government debt to gross domestic product decreased slightly in the second quarter, as per Eurostat. The government debt to GDP ratio fell slightly to 89.1 percent in the second quarter from 89.2 percent in the first quarter. Compared with the second quarter of 2016, the government debt to GDP ratio fell in the euro area to 89.1 percent from 90.8 percent. At the end of the second quarter of 2017, debt securities accounted for 80.3 percent of euro area general government debt. Loans made up 16.6 percent and currency and deposits represented 3.1 percent of euro area government debt. Source: Business Line, Business Standard, Economic Times, Financial Express, Capital Market, AceEquity, tradingeconomics.com

3 Forthcoming Board Meetings Company Name Ex-Date Purpose Astec LifeSciences Limited 25-Oct-17 Results/Others V-Guard Industries Limited 25-Oct-17 Results Transwarranty Finance Limited 25-Oct-17 Results Tejas Networks Limited 25-Oct-17 Results Tata Elxsi Limited 25-Oct-17 Results Tata Communications Limited 25-Oct-17 Results SKF India Limited 25-Oct-17 Results Syngene International Limited 25-Oct-17 Results Sutlej Textiles and Industries Limited 25-Oct-17 Results NIIT Limited 25-Oct-17 Results Quess Corp Limited 25-Oct-17 Results PNB Housing Finance Limited 25-Oct-17 Results/Others PI Industries Limited 25-Oct-17 Results/Dividend MphasiS Limited 25-Oct-17 Results MindTree Limited 25-Oct-17 Results/Dividend RBL Bank Limited 25-Oct-17 Results Kotak Mahindra Bank Limited 25-Oct-17 Results Mahindra & Mahindra Financial Services 25-Oct-17 Results HCL Technologies Limited 25-Oct-17 Results/Dividend HCL Infosystems Limited 25-Oct-17 Results Hindustan Unilever Limited 25-Oct-17 Results/Dividend IDFC Bank Limited 25-Oct-17 Results/Others Emami Limited 25-Oct-17 Results GlaxoSmithKline Pharmaceuticals Limited 25-Oct-17 Results Geojit Financial Services Limited 25-Oct-17 Results Exide Industries Limited 25-Oct-17 Results/Dividend Everest Industries Limited 25-Oct-17 Results Engineers India Limited 25-Oct-17 Results DCM Financial Services Limited 25-Oct-17 Results/Others Coromandel International Limited 25-Oct-17 Results Cigniti Technologies Limited 25-Oct-17 Results/Others Agro Tech Foods Limited 25-Oct-17 Results Banaras Beads Limited 26-Oct-17 Results/Others Yes Bank Limited 26-Oct-17 Results Whirlpool of India Limited 26-Oct-17 Results Vijaya Bank 26-Oct-17 Results SREI Infrastructure Finance Limited 26-Oct-17 Results SQS India BFSI Limited 26-Oct-17 Results/Dividend TCI Finance Limited 26-Oct-17 Results Syngene International Limited 26-Oct-17 Results Supreme Petrochem Limited 26-Oct-17 Results/Dividend Shoppers Stop Limited 26-Oct-17 Results Sharda Cropchem Limited 26-Oct-17 Results/Dividend NELCO Limited 26-Oct-17 Results United Spirits Limited 26-Oct-17 Results Mastek Limited 26-Oct-17 Results/Dividend Mangalore Chemicals & Fertilizers Limited 26-Oct-17 Results Sagar Cements Limited 26-Oct-17 Results/Dividend Jubilant Foodworks Limited 26-Oct-17 Results L&T Finance Holdings Limited 26-Oct-17 Results Indiabulls Ventures Limited 26-Oct-17 Results India Grid Trust 26-Oct-17 Results GIC Housing Finance Limited 26-Oct-17 Results/Others

4 GeeCee Ventures Limited 26-Oct-17 Results/Dividend Excel Realty N Infra Limited 26-Oct-17 Results/Others Equitas Holdings Limited 26-Oct-17 Results Cummins India Limited 26-Oct-17 Results Crompton Greaves Consumer Electricals 26-Oct-17 Results Biocon Limited 26-Oct-17 Results (Source: NSE) Forthcoming Corporate Action Company Name Ex-Date Purpose Tata Consultancy Services Limited 25-Oct-17 Interim Dividend Rs 7/- Per Share Colgate Palmolive (India) Limited 25-Oct-17 Interim Dividend - Rs 4.00 Per Share Sasken Technologies Limited 25-Oct-17 Interim Dividend - Rs 2.50 Per Share Cyient Limited 25-Oct-17 Interim Dividend Rs 5/- Per Share Siyaram Silk Mills Limited 25-Oct-17 FV Split - From Rs 10/- Per Share To Rs 2/- Per Share ICICI Lombard General Insurance Company 26-Oct-17 Interim Dividend - Re 0.75 Per Share Dewan Housing Finance Corporation 26-Oct-17 Interim Dividend - Rs 3 Per Share Kewal Kiran Clothing Limited 26-Oct-17 Interim Dividend - Rs 10/- Per Share (Source: NSE) Key Global Economic Indicators Date Country Event Actual Forecast Previous 25 Oct US Core Durable Goods Orders (MoM) (Sep) 0.5% 0.5% US Durable Goods Orders (MoM) (Sep) 1.0% 2.0% US New Home Sales (Sep) 555K 560K US New Home Sales (MoM) (Sep) -0.9% -3.4% 26 Oct EU ECB Interest Rate Decision (Oct) 0% 0% US Pending Home Sales (MoM) (Sep) 0% -3% (Source: Bloomberg, Investing.com)

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