Research Analyst Report

Published On 03 Jan 2019 Research Analyst Report 03 JAN 2019 Premium Equity Daily Journal Strictly for Client Circulation Nifty 10672.25-120.25 (-1.11%) Sensex 35513.71-377.81 (-1.05%) Email: research@24cfin.com & contactus@24cfin.com

Market Wrap Indices trade on a weak note- Stocks traded with weakness in mid-afternoon trade as European stocks opened lower. At 14:29 IST, the barometer index, the S&P BSE Sensex, was down 316.37 points or 0.88% at 35,575.15. The Nifty 50 index was down 108.75 points or 1.01% at 10,683.75. Selling was triggered by weak global cues. Sentiment was impacted after provisional data showed that domestic and foreign funds, both, were net sellers of Indian equities yesterday, 2 January 2019. The trading activity showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 621.06 crore. Domestic institutional investors (DIIs) sold shares worth a net Rs 226.18 crore. Shares extend losses; breadth negative- Key indices extended losses and hit fresh intraday low in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, was down 180.36 points or 0.50% at 35,711.16. The Nifty 50 index was down 60 points or 0.56% at 10,732.50. Selling was triggered by weak global cues. The Sensex was trading below 36,000 mark, while the Nifty was trading below 10,800 mark. Sentiment was impacted after provisional data showed that domestic and foreign funds, both, were net sellers of Indian equities yesterday, 2 January 2019. The trading activity showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 621.06 crore. Domestic institutional investors (DIIs) sold shares worth a net Rs 226.18 crore.

Buzzing Stocks Nestle India pares gains as SC sets aside NCDRC order. Eicher Motors falls for second day on weak December sales. Stock down 4%. Gujarat State Petronet stock down. Around 14.30 lakh shares change hands in a block. ONGC stock slips 3%. ~ 30 lakh shares change hands in two block deals. Dena Bank stock continues to be under severe selling pressure as street spooked over unfavourable merger swap ratio. Stock down 18%. Vodafone Idea falls 2.5% as TRAI data shows net loss of 73.6 lakh users in October. Oil marketing companies fall after crude rises. HPCL (-3%), IOC, BPCL (-2%). Dena Bank, Vijaya Bank drop; Bank of Baroda gain after three-way merger deal.

Market Action Jan 03, 15:15 Tata Motors 166.20-2.35 (-1.39%) Axle load norms behind dip in demand for new heavy trucks.. Jan 03, 15:15 Dr Reddys Laboratories 2,574.00-26.60 (-1.02%) Transcript Dr. Reddy s Laboratories Limited Q2 FY19 Earnings Conference Call. Jan 03, 14:15 Essar Steel 51.80-5.40 (-9.44%) A Supreme Court order that could build Ruias' case for Essar Steel. Jan 03, 14:15 Adani Ports and Special Economic Zone 377.70-3.25 (-0.85%) Transcript Adani Port and Special Economic Zone Q2 FY19 Earnings Conference Call. Jan 03, 13:30 Lupin 823.00-9.60 (-1.15%) Transcript Lupin Limited Q2 FY-19 Earnings Conference Call. Jan 03, 13:30 Reliance Nippon Life Asset Management 157.45-1.85 (-1.16%) SBI, Reliance, Edelweiss, Aditya Birla & UTI AMCs in fray to manage govt's debt ETF. Jan 03, 08:00 Syndicate Bank 38.70-0.40 (-1.02%) Syndicate Bank and SBI Life Insurance sign a bancassurance pact. Jan 03, 08:00 Vodafone Idea Limited 36.05-0.75 (-2.04%) Telecom customer base edges up to 119.2 cr in Oct; BSNL, RJio gain users

Nifty Spot View NIFTY 10672.25-120.25 (-1.11%) Intraday 52 Weeks (Bearish) Open 10,796.80 High 10,814.05 11,760.20 Previous Close 10,792.50 Low 10,661.25 9,951.90 R2 10,868 R1 10,770 Pivot 10,715 S1 10,617 S2 10,562 Indian benchmark indices slumped over 1% on Thursday following a selloff in Asian markets, and as investors turned cautious ahead of corporate earnings beginning next week. The Indian rupee weakened against the US dollar for the second session, tracking losses in Asian currencies. The BSE Sensex closed 377.81 points, or 1.05%, down at 35,513.71, and the Nifty 50 ended 120.25 points, or 1.11%, lower at 10,672.25. Indian markets fell 1% on Thursday on the worries of fiscal concerns after a news report suggested that the government is planning a relief package for farmers that may cost as much as Rs 2.30 trillion annually. At 2.15pm, the Sensex was trading at 35,538.01, down 353.51 points, or 1%, and the Nifty 50 stood at 10,674.90, falling 117.60 points, or by 1.09%. Business Today magazine reported that the government is likely to announce direct transfers worth Rs 4,000 a acre per season to farmers to help ease rural distress. It will also provide interest fee crop loans up to Rs 100,000 a farmer, the report added. A Reuters report last week put the cost of such a package at as much as Rs 3 trillion. As per the pivot table 10562-10617 are The intraday support levels for the Nifty index. The intraday resistance in the nifty index is seen in the range of 10868-10770.

Nifty Spot View NIFTY BANK 26959.85-214.85 (-0.79%) Intraday 52 Weeks (Bearish) Open 27,181.60 High 27,206.20 28,388.65 Previous Close 27,174.70 Low 26,923.75 23,605.60 R2 27,312 R1 27,135 Pivot 27,029 S1 26,852 S2 26,746 Indian benchmark indices advanced 0.5% on the first day of 2019 led by gains of banking and financial services companies such as HDFC, HDFC Bank, Yes Bank, SBI and ICICI Bank. The BSE Sensex closed 186.24 points, or 0.52%, up at 36,254.57, and the Nifty 50 ended 47.55 points, or 0.44%, higher at 10,910.10. The Nifty Bank and Nifty Financial Services indices rose around 1%. Shares of select auto companies traded lower as they disclose December vehicle sales data. The BSE midcap underperformed the benchmark and was down 0.08%, while the smallcap rose 0.41%. Among the sectoral indices, telecom rose most at over 2% followed by telecom, which was up nearly 1.5%. Finance, bankex, oil and gas, IT and teck also gained. Metals, auto, basic materials and FMCG declined. Bharti Airtel, HDFC, SBI, BPCL, Yes Bank and HDFC Bank were among the top gainers on the key indices, whereas M&M, Tata Steel, Hindalco, Indiabulls Housing Finance and ONGC were among the major losers. Investors will now shift their focus to corporate earnings beginning next week. Analysts believe markets are likely to stay volatile in the first six months of 2019 ahead of 2019 general elections in India and also amid concerns of global economic growth. The Sensex and Nifty had gained 5.91% and 3.15%, respectively, in 2018 after a blockbuster year for equities last year. As per the pivot table 27852-26746 are The intraday support levels for the Nifty Bank index. The intraday resistance in the Bank Nifty index is seen in the range of 27135-27312.

Key Indices Index LTP High Low % Change Nifty 50 Bank Nifty Nifty Next 50 10,914.80 11,059.55 10,904.85-117.20 Nifty 100 Nifty 200 Nifty 500 Nifty Midcap 100 Nifty Smallcap 100 Advance/Decline Today 10,672.25 10,814.05 10,661.25-120.25 26,959.85 27,206.20 26,923.75-214.85 27,674.65 28,045.30 27,630.20-202.30 5,652.95 5,728.05 5,647.85-59.15 9,014.80 9,130.00 9,006.75-88.60 17,530.25 17,786.55 17,510.60-146.60 6,357.85 6,436.55 6,349.00-52.70 Index Advance Decline Nifty 50 7 43 Nifty Next 50 14 34 Nifty 100 20 80 Nifty 200 51 147 Nifty 500 139 353 Sector Indices Today Index LTP High Low % Change Nifty Metal Nifty Auto Nifty Energy Nifty Media 2,491.70 2,552.30 2,485.35-48.80 Nifty Realty Nifty Pharma Nifty Financial Services Nifty FMCG Nifty PSU Bank Nifty IT 2,960.40 3,031.15 2,956.20-68.05 8,767.35 8,959.35 8,755.75-135.30 13,914.60 14,145.30 13,892.55-225.95 233.95 235.80 233.30-0.15 8,722.30 8,867.55 8,704.50-117.65 11,458.95 11,602.15 11,447.85-127.25 30,189.20 30,479.30 30,122.10-6.00 3,054.15 3,092.15 3,044.70-23.35 14,322.15 14,542.30 14,276.50-124.95

INDEX PULLERS AND DRAGGERS Index Pullers Index LTP Change(%) Contribution Points Bharti Infra. 271.60 7.35 (2.78%) 1.52 Hind. Unilever 1,788.40 3.80 (0.21%) 0.68 Asian Paints 1,388.30 5.00 (0.36%) 0.56 Bajaj Auto 2,701.35 9.35 (0.35%) 0.32 HCL Technologies 948.35 2.00 (0.21%) 0.28 Index Draggers Index LTP Change(%) Contribution Points H D F C 1,936.85-43.80 (-2.21%) -18.45 Reliance Inds. 1,092.75-13.65 (-1.23%) -11.82 Larsen & Toubro 1,395.00-30.50 (-2.14%) -9.61 HDFC Bank 2,111.80-16.70 (-0.78%) -9.04 TCS 1,899.95-23.35 (-1.21%) -6.21 Stock Showing Activity Top Gainers- Nifty 500 Index LTP Change(%) Praj Inds. 122.60 8.95 (7.88%) Info Edg.(India) 1,490.35 59.90 (4.19%) Ujjivan Fin.Ser. 285.50 11.15 (4.06%) KNR Construct. 221.25 6.95 (3.24%) Balrampur Chini 107.65 3.15 (3.01%) Top Losers- Nifty 500 Index LTP Change(%) Dena Bank 14.40-3.50 (-19.55%) Jindal Steel 146.50-11.70 (-7.40%) Vijaya Bank 47.30-3.75 (-7.35%) Jet Airways 247.20-16.35 (-6.20%) Reliance Infra. 289.25-16.70 (-5.46%)

52-Weeks High-Low 52-Weeks High- Nifty 500 52-Weeks Low- Nifty 500 Index LTP Change(%) Index LTP Change(%) Tube Investments 359.35 6.35 (1.80%) SPARC 183.05-7.30 (-3.84%) Vedanta 187.95-5.20 (-2.69%) Tata Steel 481.25-12.40 (-2.51%) Bharat Forge 487.50-7.40 (-1.50%) Lux Industries 1,341.30-7.10 (-0.53%) Global Indices Index Date Value Change %Change Straits Times 3,012.88-26.01-0.86% Hang Seng 25,064.36-65.99-0.26% SSE (Shanghai) 2,464.36-0.93-0.04% Nikkei 225 20,014.77-62.85-0.31% Nasdaq 6,665.94 +30.66 +0.46% 03/01/2019 S&P500 2,510.03 +3.18 +0.13% Dow Jones Ind. Avg. 23,346.24 +18.78 +0.08% DAX 10,482.20-97.99-0.93% CAC 40 4,645.34-44.05-0.94% BEL-20 3,211.16-11.98-0.37% FTSE 100 6,701.20-33.03-0.49%

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