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Most Market Roundup June 19th,2017

BLACK FOX

EQUITY Market Sensex 31311.57 (+0.82) Nifty 9657.55 (+0.72)

Closing Bell: BSE Sensex rose on Monday, while the Nifty traded above 9,600 points. lenders such as State Bank of India (SBI) gained after the RBI asked banks to start bankruptcy process against 12 large loan defaulters, raising hopes that reduction of bad debt will start to quicken. The RBI urged lenders to initiate bankruptcy proceedings against a dozen companies, including Essar Steel, Bhushan Steel Ltd and Monnet Ispat and Energy Ltd, sources with direct knowledge of the matter said. The RBI said it had identified the 12 defaulters last week, but did not publicise their names. “There is a general feeling that non-performing asset (NPA) levels will come down after the RBI order to resolve NPAs of the country. Loan defaulters that are facing bankruptcy proceedings however fell. Lanco Infratech Ltd was down as much as 8.5% to Rs2.15, a record low, after it said it was one of the companies that had been identified by the RBI to start bankruptcy proceedings. Shares of Monnet Ispat and Energy Ltd fell as much as 19.9%. The Nifty Pharma Index was down as much as 1.08% as ongoing quality concerns raised by the US Food and Drug Administration pressured pharma stocks. Cipla Ltd, the biggest drag on the pharma index, was down 2 percent. Shares of Lanco Infratech scaled fresh all-time low of Rs 1.93 in early trade after the company on Saturday said the Reserve Bank of India (RBI) has directed its lead lender IDBI Bank to initiate insolvency proceedings for the company under the Insolvency and Bankruptcy Code (IBC). Shares of Swelect Energy, Simplex Project, Keynote Corp, Sutlej Textiles, Eon Electric, Indowind Energy, Dredging Corp, Magma Fincorp, Centum Elec, Naga Dhunseri Group, Indian Hume Pipe, Goa Carbons, KIOCL, Jayant Agro Org, Munjal Auto Ind, Magnum Ventures, Maha Seamless, Karur Vysya Bank, Astral Poly Tech and Phillips Carbon hit their fresh 52-week high in Monday's early trade on NSE. The Securities and Exchange Board of India (Sebi) is set to tighten rules on participatory notes (P-Notes) at a board meeting on June 21. Sebi had last month proposed to ban P-Notes from being issued against derivatives for speculative purposes except for hedging over concerns that they may be used as an avenue for roundtripping of funds to evade the crack down on black money. Not everyone is happy with this. Oil prices fell early on Monday, weighed down by high supplies despite an OPEC-led initiative to cut production to tighten the market, reported Reuters. Signs of faltering demand stoked weak sentiment, prompting price levels comparable to when the output cuts were first announced late last year. Brent crude futures were down 11 cents, or 0.23 per cent, at $47.26 per barrel while WTI crude futures were down 11 cents, or 0.25 per cent, at $44.63 per barrel. The Dow Jones industrial average closed at at record high on Friday, while the Nasdaq closed lower amid tech shares selloff. The Nasdaq Composite Index closed down 13.74 points, or 0.2 per cent, at 6,151.76, to end the week 0.9 per cent lower. The Dow finished up 24.38 points, or 0.1 per cent, at a record 21,384. The S&P500 index rose 0.69 points

Exchange Toady Pre. Day BSE (CASH) NA 4650

BSE(Derivative) 18.30 36.22

NSE (Cash) 429549 27153

NSE(Derivative) 449617 317972

Exchange Today Pev. Day

BSE (Cash) 3480 3740

BSE(Derivative) 0.23 1.03

NSE (Cash) 24585 30617

NSE(Derivative) 272282 865138

Total 300348 899497

Group NIFTY IND BSE INDEX

Advance 33 102

Decline 17 94

Unchanged 01 05

Symbol LTP % Change TATASTEEL 520.40 +3.68

HINDALCO 201.20 +3.05

ADANIPORTS 373.65 +1.92

VEDL 241.70 +2.07

BOSCHLTD 24950.00 +1.57

Symbol LTP % Change DRREDDY 2649.00 -1.25

EICHERMOT 28430.00 -1.10

YESBANK 1428.45 -1.04

INFY 930.80 -1.01

BPCL 667.95 -0.87

Exchange No. of Contracts

Turn Over Index Futures 164125 13267

Stock Futures 517909 38211

Index Options 4180362 348670 Stock Options 394328 29401

F&O Total 5256724 429549

CASH VOLUME (Rs In Cr.)

ADVANCED / DECLINE

TOP INDEX GAINERS

TOP INDEX LOSERS

DERIVATIVE VOL

417.

1561.05

UME In Cr.

Stock future Price Rs. Qty Value Contract

TATASTEEL 520.4 19736 15696 RELIANCE 1407.0 18657 26969

AXISBANK 518.0 13657 30805 YESBANK 1428.5 10858 26754

ACTIVE STOCK IN FUTURE


BLACK FOX


News: Bankers are meeting from Monday to finalise their next course of action

on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings.

The first set of six troubled accounts are Bhushan Steel (Rs 44,478 crore), Essar Steel (Rs 37,284 crore), Bhusan Power and Steel (Rs 37,248 crore), Alok Industries (Rs 22,075 crore), Amtek Auto (Rs 14,074 crore) and Monnet Ispat (Rs 12,115 crore), a banker said.

According to RBI, these 12 accounts owe Rs 2.5 lakh crore to the system, which constitutes around 25 per cent of gross bad loans.

The other accounts named for bankruptcy action, according to bankers, include Lanco Infra (Rs 44,364.6 crore), Electrosteel Steels (Rs 10,273.6 crore), Era Infra (Rs 10,065.4 crore) Jaypee Infratech (Rs 9,635 crore) ABG Shipyard (Rs 6,953 crore) and Jyoti Structures with a defaulted loan of Rs 5,165 crore.

The regulator has already shared the list of 50 biggest defaulters with the central government. The list included companies such as Bhushan Steel, Bhushan Power, Lanco, Videocon, Jaypee Group, Essar, ABG Shipyard, Punj Lloyd, Electrosteel Steels, Aban Holdings, Monnet Ispat, Prayagraj Power, and Era Group. The stressed assets of Indian banks are likely to increase to 15% of total loans by March 2018 amid rising requirements for regulatory capital until 2019, S&P Global ratings said in a report recently.

IPO Watch –

Tejas Networks' subscribed nearly 1.9 times on Friday, with the company receiving bids for 3.21 crore shares, compared with the 1.71 crore shares on offer.

Central Depository Services (India), whose initial public offering opens today, raised Rs 154 crore by allotting 1.03 crore shares to anchor investors at Rs 149 per share.

Eris Lifesciences subscribed 0.12 times on its first day Friday, as the company received bids for 18 lakh shares as against 1.59 crore shares on offer

Future Enterprises eyes Rs 700 crore from logistics unit IPO. Private equity firm Kedaara Capital is looking to sell part of its holding in

Mahindra Logistics in an initial public offering likely to hit the market in October The benchmark Indian bonds have been rallying for the past month and now needs fresh triggers. Both the rupee and bonds markets will be keenly watching for developments on at least four fronts this week and those will shape trading strategies.

Minutes of RBI's last policy meet that will indicate the individual biases of various policymakers. The data is due on Wednesday.

How the farm debt waivers that was started by Uttar Pradesh and Maharashtra plays out in other Indian states. Moody's ICRA unit has said that such waivers may dent the nation's economic growth.

The week will be crucial for the spread of the monsoon rains into areas important for crops like soybean, cotton and rice.

Finally, the roll out plans for the GST. The government said it's committed to implement GST from the scheduled date of July 1.

Indices Closing Price Change(%)

Dow 30 21359.90

-0.07

Nasdaq 6165.50 -0.47

FTSE 100 7468.75 +0.67

DAX 12732.25 +0.32

S&P/TSX 15160.42 -0.06

CAC 40 5254.50 +0.72

Nikkei 225 19943.26 +0.56

Shanghai 3123.17 -0.30

Hang Seng 25626.49 +0.24

V/S INR Closing Price Change(%)

Dollar 64.43 -0.01.

Euro 71.14 +0.00

Pound 82.43 +0.03

JPY 0.58 +0.00

Aus 49.00 -0.14


Crude OIL 45.12 +0.33

Gold 1252.93 -0.37

Silver 16.615 -0.28

Aluminium 1875.25 +0.21

Copper 2.584 +0.78

GLOBAL COMMODITY

GLOBAL INDICES

GLOBAL CURRENCIES


Crude OIL 2924.00 +0.65

Gold 28592.00 -0.34

Silver 38354.00 -0.33

Aluminium 120.60 +0.29

Copper 368.00 +0.70


Sensex 31311.57 +0.82

Nifty 50 9657.55 +0.72

Nifty Next 50 26348.25 +0.37

Nifty Mid 50 4607.15 -0.11

Indices Today Closing Previous Clo

FII -250.39 NA

DII +529.9 NA

Note - *Data as of today, 5 P.M

DOMESTIC COMMODITY

DOMESTIC INDICES

INSTITUTIONAL ACTIVITY


BLACK FOX


Stocks To Watch: Hotel Stocks:

GST Boost - Shares of the hotel

operators rallied after the GST Council reduced rates on certain room tariffs. The Council on Sunday fixed 28 percent tax rate for hotel tariffs above Rs 7,500 and 18 percent tax on tariffs from Rs 2500-7500.

Indian Hotels (+3% to Rs 131; the biggest intraday jump since May 31)

Hotel Leela Ventures (+3.48% to Rs 23.8)

Taj GVK Hotels and Resorts (+2.07% to Rs 165.4)

ITC (+1% to Rs 309.4) Royal Orchid Hotel

(+10.8% to Rs 115.15) Sayaji Hotels (+4.8%

to Rs 283) Viceroy Hotels (+4.5%

to Rs 19.80) Advani Hotels &

Restaurants (+7.1% to 63.70)

Kamat Hotels (+3.2% to Rs 54)

Cadila Healthcare: FDA Nod

Shares of the pharma company rose 2.39 percent to Rs 538.1 after Zydus received a final approval from U.S. drug regulator for its anti-migrane medication.

The drug, Eletriptan Hydrobromide, will be produced at its manufacturing facility in Ahmedabad. The stock returned 4.9

percent so far this year and a loss of 9.5 percent in the past 52 weeks.

Bajaj Auto: Three-Wheeler Relief Shares of the two and three-wheeler maker rose as much as 3

percent, intraday, the most since May 11, after the Maharashtra government removed a cap on taxi and auto-rickshaw permits, according to a report by Hindustan Times.

About 20 percent of analysts covering the company have changed their price targets over the past month (7 up, 3 down, 39 unchanged), Bloomberg data showed. The stock returned 8.5 percent so far this year and a gain of 11 percent in the past 52 weeks.

Tata Steel: Stake Sale Boost Shares of Tata Steel Ltd. rose as much as 2.1 percent to Rs

510.25 after its parent company said it will buy Tata Motors shares from the steelmaker worth up to Rs 3,825 crore.

The proposed stake sale would let the steelmaker reduce some of its Rs 72,367 crore debt.

The stock was among the top five best performers on both the Sensex and the Nifty indexes. With today’s advance, it also managed to break a 3-day losing streak.

The stock has returned 30 percent so far this year, compared to a 10.6 percent advance in the S&P BSE Metal index.

Tata Sons to boost Tata Motors’ stake, buy shares from Tata Steel

ABG Shipyard: India said to terminate contracts allotted to ABG (ET Now)

Lanco Infratech: Lenders to meet to discuss insolvency resolution process

RBI initiates prompt corrective action on Bank of Maharashtra IndusInd Bank said to sell Vasan Healthcare loans to Edelweiss

(Mint) India may plan to divest govt stake in Dredging Corp(CNBC-

TV18) Bharat Financial: Assigns Rs 540 crore of receivables to a state-

run bank B.L. Kashyap: Company to consider sale of shares, warrants on

June 26 Dr. Reddy’s: Srikakulam plant’s unit-I gets one form 483

observation Indian Hume Pipe: Receives orders worth Rs 183 crore in Tamil

Nadu NTPC: Commissions 225 MW out of 250 MW Mandsaur solar

project Nucleus Software: To buy back up to 10.3 percent of share

capital Omkar Speciality: Approves raising up to Rs 200 crore rupees

via rights issue


BLACK FOX


Talking Points

GST panel clears anti-profiteering rule, to meet June 30: Jaitley

Government gives small firms two months to file detailed returns under GST

Farm debt waiver may dent India credit growth, Moody’s unit says

India mandates bio-metric ID for opening bank accounts

Suzuki Motor’s target price raised 21 percent at Credit Suisse on Indian market

Boeing said near $5 billion in Max 10 deals with Asian airlines

India imposed anti-dumping tax on Taiwan’s hydrogen peroxide

India monsoon crop acreage rises 6 percent by June 16

Monsoon advances in rice, soybean, cotton areas

BP, Reliance to revive investments in India after eight years

India said to plan gold policy overhaul for $19 billion sector

Uber accused of ‘rape denialism’ by victim of India assault

European Steel Industry sounds alarm over U.S. trade Inquiry

Forex reserves down $11.5 million to $381.2 billion in a week to June 9: RBI

Global funds sell Rs

760 crore rupees of local stocks; domestic funds buy Rs 890 crore on June 16: Provisional data

Finance ministry said to ask banks to study buying small banks (PTI)

General Atlantic said in talks on Karvy Computershare stake (Economic Times)

Jaguar Land Rover plans to hire 5,000 technical staff (Telegraph)

SEBI said to plan easing foreign portfolio investor rules (PTI)


BLACK FOX


INDEX

CLOSE POINT CHANGE %CHANGE

NIFTY BANK 23742.15 +239.40 +1.02

NIFTY IT 10197.90 +8.40 +0.08

NIFTY REALTY 270.10 -0.85 -0.31

NIFTY INFRA 3239.65 +31.60 +0.99

NIFTY ENERGY 11913.20 +89.95 +0.76

NIFTY FMCG 2612615 +211.85 +0.82

NIFTY MNC 12110.05 +64.30 +0.53

NIFTY PHARMA 9489.20 -36.30 -0.38

NIFTY PSE 3925.85 +3.90 +0.10

NIFTY PSU BANK

NIFTY SERV SECTOR

NIFTY MEDIA

NIFTY METAL

NIFTY AUTO

3486.75

12579.35

3111.90

2982.40

10893.30

+23.35

+86.95

+16.95

+51.35

+24.10

+0.67

+0.70

+0.55

+1.75

+0.22


BLACK FOX


BHUSHANSTL - The Exchange has sought clarification from Bhushan Steel Limited with respect to recent news item captioned SFIO grilled Bhushan Steel s CFO Nitn Johri; Allegation- Rs 5,000 Cr Re-routed Via Hawala Operators To Promoters. . The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Bhushan Steel Limited has submitted their response. ENGINERSIN – Engineers India Limited has informed the Exchange regarding Buyback of equity shares by Engineers India Limited ("Company"). GHCL - GHCL Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company shall remain closed from June 23, 2017 to June 29, 2017 (both days inclusive) for the purpose of dividend and Annual General Meeting of the Company. NOTICE AND CIRCULAR :

Notice No Subject Segment Name

Category Name Department PDF

20170619-11 Listing of New Securities of CMI Ltd. Equity Company related DCS-Listing

20170619-10 Opening of Offer for Sale for Swaraj Automotives Limited

Equity Trading DCS-Listing

20170619-9 Change in Group of Equity Shares of Star Cement Ltd

Equity Company related DCS-Listing

20170619-8 Part Redemption of Secured Non-Convertible Debentures.

Debt Corporate Actions

Listing Operations

20170619-7 Maturity of Mutual Fund Scheme of DSP BlackRock Mutual Fund.

Mutual Fund

Corporate Actions

Listing Operations

20170619-6 Demat Auction - 053 General Settlement/RMS Post Trade

20170619-5 Suspension of debentures. Debt Corporate Actions

Listing Operations

20170619-4 Tender Offer (Buyback) of Equity Shares of Nucleus Software Exports Limited.

Equity Corporate Actions

Listing Operations

20170619-3 Tender Offer (Buyback) of Equity Shares of Engineers India Limited.

Equity Corporate Actions

Listing Operations

20170619-2 Corporate Action – HDFC SLB SLB Corporate Actions

Trading Operations

20170619-1 Corporate Action – CANARA BANK, BHARAT FORGE, -SLB

SLB Corporate Actions

Trading Operations

Corporate Action Calendar

http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20170619-11



















BLACK FOX


Deal Date Security

Code Security Name Client Name Deal Type

* Quantity

16/06/2017 539693 ALORA RAKESH RAMESH CHAUHAN S 62,716

16/06/2017 539693 ALORA RAKESH RAMESH CHAUHAN B 61,927

16/06/2017 517481 ARTKPOW SHYAMSURAT RAJBALI SINGH S 123,717

16/06/2017 590122 ASHIKACR MOHIT KUMAR B 52,782

16/06/2017 590122 ASHIKACR RAHUL S 57,028

16/06/2017 590122 ASHIKACR RAHUL B 3,546

16/06/2017 526731 BRIGHTBR PRIYANKA FINANCE PRIVATE LIMITED S 75,000

16/06/2017 526731 BRIGHTBR CREST CAPITAL & INVESTMENT B 90,000

16/06/2017 508814 COSMOFILMS INDIABULLS MUTUAL FUND B 99,644

16/06/2017 508814 COSMOFILMS AMBRISH JAIPURIA S 100,000

16/06/2017 532951 GSS MARFATIA COMMODITIES PVT LTD S 283

16/06/2017 532951 GSS MARFATIA COMMODITIES PVT LTD B 110,283

16/06/2017 532951 GSS JHAVERI TRADING & INVESTMENT PVT LTD B 305,061

16/06/2017 532951 GSS AMRAPALI FINCAP PVT LTD S 101,357

16/06/2017 532951 GSS AMRAPALI FINCAP PVT LTD B 101,357

16/06/2017 532951 GSS JAVED FAIZULLAH TAPIA S 460,000

16/06/2017 530145 KISAN HAYYAN ALI MALALLAHA LAWATI B 150,000

16/06/2017 530145 KISAN SALLEE TRADEFIN LIMITED S 166,619

16/06/2017 539446 KRISHFAB SUNIL KUMAR GUPTA B 108,200

16/06/2017 539446 KRISHFAB ROMA PANUBHAI SHAH S 18,500

16/06/2017 539446 KRISHFAB AARP ORGANISORS PRIVATE LIMITED S 50,000

16/06/2017 523248 MACPLASQ SMITHBLOCK FINANCIAL SERVICES PRIVATE LIMITED

B 50,000

BLOCK DEAL


BLACK FOX


16/06/2017 523248 MACPLASQ JAYNEEL SECURITIES PRIVATE LIMITED S 50,000

16/06/2017 538742 PANACHE AMBE PROJECTS LIMITED B 53,000

16/06/2017 538742 PANACHE KAMLESH S JAIN S 62,000

16/06/2017 519439 PIONAGR SANGEETA AGGARWAL S 39,480

16/06/2017 532972 SANKHYAIN SARAH FAISAL HAWA S 60,598

16/06/2017 531831 UNISH DURGAPRASAD MUDIGUNDA B 117,000

16/06/2017 531831 UNISH AQUA INTERNATIONAL PRIVATE LIMITED S 120,607

16/06/2017 531831 UNISH AQUA INTERNATIONAL PRIVATE LIMITED B 9,615

16/06/2017 532035 UNISTRMU RAMESH SURESH PATIL B 80,000

16/06/2017 532035 UNISTRMU VINALI BHUMIT SHAH S 74,978

16/06/2017 536672 VCU URMILA H DHOKAD B 85,000

16/06/2017 536672 VCU SHAPOORJI PALLONJI & CO LTD S 176,000

16/06/2017 506146 VIVIDHA ASHLAR SECURITIES PRIVATE LIMITED S 2,641,328

16/06/2017 506146 VIVIDHA SMITHBLOCK FINANCIAL SERVICES PRIVATE LIMITED

B 2,571,298


BLACK FOX


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