Most Market Roundup May 23th,2017

BLACK FOX

EQUITY Market Sensex 30365.25 (-0.67) Nifty 9386.15 (-0.55)

Closing Bell: BSE Sensex closed lower by 206 points, or 0.67%, to 30,365, while the Nifty 50 lost 0.55%, to close at 9,386. BSE Sensex edged lower on Tuesday with Sun Pharmaceutical Industries Ltd leading the fall after its US arm reported weak quarterly results, while investors booked profit in recent outperformers such as ITC Ltd. The broader NSE Nifty fell 0.50% as of 12.20pm, while the benchmark BSE Sensex was down 0.52% at 30,412. “There is some profit-booking taking place in the market at the moment after the substantial rally we saw recently. The country’s largest truck-and-bus maker, Tata Motors, is slated to post its quarterly results later in the day. Pharma stocks were the biggest losers and the Nifty Pharma Index was on track to post its sixth consecutive session of loss, with Sun Pharma hitting a six-month low after Taro Pharmaceutical Industries reported weak March quarter results. Shares of state-run GAIL (India) Ltd fell as much as 6.3% to their lowest in three months after the company posted a 69% fall in fourth-quarter profit on Monday. Bucking the broader trend, IT stocks and consumer discretionary stocks gained. Tata Consultancy Services rose as much as 1.3%, while Maruti Suzuki India Ltd rose as much as 2.8%. Non-banking finance companies trade lower. Bharat Financial Inclusion Ltd fell 5.1%, Ujjivan Financial Services Ltd 1.2%, Equitas Holdings Ltd 1.6%, Manappuram Finance Ltd 2.5%, Muthoot Finance Ltd 0.7%, Shriram City Union Finance 1%, Bajaj Finance 1.5% and Bajaj Finserv Ltd 2.5%. Reliance Communications Ltd fell 5% to Rs28.45. Credit Rating agency Credit Analysis & Research (CARE) has revised rating of Reliance Communications’ long term bank facility to ‘BB’ from ‘A-’. The rating agency has also revised the company’s short term bank facility to ‘A4’ from ‘A2+’. The companies which have higher debts were trading lower. Videocon Industries fell 20%, Adani Enterprises Ltd 7.5%, Adani Power 4.1%, Jaiprakash Associates Ltd 6%, Reliance Communications Ltd 5%, RattanIndia Power Ltd 5%, HCC 3.7%, GMR Infrastructure Ltd 3.3%, Amtek Auto Ltd 3%, Reliance Defence 3% and Adani Ports 2.8%. State Bank of India fell 2.2% to Rs288.20.after strong performance in the fourth quarter has failed to cheer investors because of the large stock of bad loans of its associate banks that the bank inherited after their merger with it. Den Networks Ltd fell 7.6% to Rs90 after the company posted a loss of Rs60.55 crore in March quarter against Rs210.30 crore a year ago. Adani Enterprises Ltd fell 7.3% to Rs112.25 after the company has deferred a final investment decision (FID) on its long-delayed Australian Carmichael coal project, as the Queensland state government has yet to sign off on a royalty agreement for the mine, an Adani spokesman said on Monday.Videocon Industries Ltd hits 20% lower circuit for the second sessions. Dena Bank has declared Videocon Industries account as non-performing asset (NPA) in the fourth quarter ended March 2017. The total exposure of lenders to the electronic goods maker is pegged at Rs 45,000 crore.

Exchange Toady Pre. Day BSE (CASH) NA 4815.15

BSE(Derivative) 22.64 26.22

NSE (Cash) 28064.07 22605.50

NSE(Derivative) 796621.16

474779.3

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 18 29

Decline 33 172

Unchanged 00 1

Symbol LTP % Change MARUTI 6867.95 +2.48

M&M 1328.35 +1.69

EICHERMOT 27578.05 +1.43

WIPRO 525.9 +0.9

HCLTECH 864.85 +0.86

Symbol LTP % Change ADANIPORTS 330.65 -6.71

AUROPHARMA 540 -6.11

CIPLA 532.95 -5.35

SUNPHARMA 615.35 -3.87

BAJAJ-AUTO 2812.50 -3.49

Exchange No. of Contracts

Turn Over Index Futures 405025 30999.85

Stock Futures 1658826 112205.77

Index Options 7724327 598830.59

Stock Options 718023 54584.95

F&O Total 10506201 796621.16

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

SUNPHARMA 614.1 29289 24450 INFY 957.3 28413 60381

SBIN 288.9 27709 15911

ICICIBANK 306.1 26363 25539

ACTIVE STOCK IN FUTURE

Most Market Roundup May 23th,2017

BLACK FOX

EQUITY Market Sensex 30365.25 (-0.67) Nifty 9386.15 (-0.55)

News: General Motors India exit leaves dealers, customers in a quandary With

monthly average sales of less than 900 vehicles, General Motors (GM) has been a laggard in the Indian market. On 28 April, General Motors India wrote to its 150-some dealers, asking them to prepare for the launch of the new generation Beat, a small car. billionaire Ajay Piramal wants to sell mortgages and build affordable homes as the drugs-to-data conglomerate seeks to ride an estimated $1.3 trillion housing-investment boom.

Great Eastern Shipping Company announced that the debenture issue committee has approved raising up to Rs150 crore via issuance of non- convertible debentures.

Chemical firm SRF Ltd on Tuesday reported 16% increase in consolidated net profit at Rs 129 crore for the fourth quarter ended March.

Country’s largest car maker Maruti Suzuki India (MSI) is eyeing sales in the range of 2.5 million units to 3 million units per annum post 2020. The company, which sold 1.56 million units last fiscal, expects to achieve the target on the back of favourable economy and government policies

The GST Council’s decision to set 18% tax rate for solar modules as compared to a present effective rate of zero will increase overall project costs by about 12%.

Oil prices were firm on Tuesday on the expectation that an Opec-led production cut would be extended to next March, but analysts said economic slowdown was clouding the mid-term outlook for crude markets. Brent crude futures were up 3 cents from their last close at $53.86 per barrel. US WTI crude futures were at $51.16, up 3 cents. Both benchmarks have risen over 10 percent from their May lows early this month.

Jindal Steel and Power Ltd. shares fell even as losses narrowed in the three months ended March as revenue grew more than estimated. The Navin Jindal-led firm trimmed its losses to Rs 100 crore from Rs 635.80 crore in the same quarter last year, according to its stock exchange filing. This was partly on account of an exceptional gain of Rs 253 crore in the quarter. The one-time gain represents a reversal of impairment loss of fixed assets in one of the overseas subsidiaries, JSPL said in its filing. The consensus estimate of analysts tracked by Bloomberg had pegged the loss at Rs 431 crore.

The ministry of defence has cleared a new policy that looks to boost private participation in the sector but the first contract may not be awarded till 2019. The Defence Acquisition Policy, which will now go to the Cabinet Committee on Security headed by Prime Minister Narendra Modi, has four strategic segments – single engine fighter aircraft, helicopters, submarines and armoured fight vehicles/main battle tanks. Each segment will have one strategic partner and one original equipment maker (OEM). The Modi government is making efforts to boost homegrown defence manufacturing to cut reliance on imports by the world’s largest buyer of arms. From fighter aircraft to submarines, India is looking to replace the existing stock of defence equipment. The government recently awarded a Rs 4,500-crore contract for artillery guns to Larsen and Toubro Ltd. and last year cleared the purchase of 36 Rafale multi-role fighters from France's Dassault Aviation for more than $8.5 billion.

Indices Closing Price Change(%)

Dow 30 20804.84

+0.69

Nasdaq 6083.70 +0.47

FTSE 100 7509.50 +0.51

DAX 12606.50 -0.25

S&P/TSX 15458.46 +1.19

CAC 40 5334.30 +0.19

Nikkei 225 19678.28 +0.45

Shanghai 3075.92 -0.48

Hang Seng 25391.34 +0.86

V/S INR Closing Price Change(%)

Dollar 64.55 -0.15

Euro 72.78 +0.45

Pound 84.16 +0.41

JPY 0.58 +0.00

Aus 48.71 +0.95

Indices Closing Price Change(%)

Crude OIL 51.21 +0.16

Gold 1262.16 +0.06

Silver 17.279 +0.51

Aluminium 1927.25 -0.67

Copper 2.582 -0.52

GLOBAL COMMODITY

GLOBAL INDICES

GLOBAL CURRENCIES

Indices Closing Price Change(%)

Crude OIL 3313.00 +0.09

Gold 28876.00 +0.32

Silver 39886.00 +0.03

Aluminium 125.35 +0.08

Copper 371.60 +0.03

Indices Closing Price Change(%)

Sensex 30365.25 -0.67

Nifty 50 9386.15 -0.55

Nifty Next 50 25534.85 -1.34

Nifty Mid 50 4405.55 -2.03

Indices Today Closing Previous Clo

FII -400.53 -321.27

DII 352.54 1262.64

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

DOMESTIC COMMODITY

DOMESTIC INDICES

INSTITUTIONAL ACTIVITY

Most Market Roundup May 23th,2017

BLACK FOX

EQUITY Market Sensex 30365.25 (-0.67) Nifty 9386.15 (-0.55)

Stocks To Watch: Jindal Steel Falls; CBI

Files Charge Sheet Against Chairman: report Shares down as much as 9.7% to Rs 102, the most since January 15, 2016 CBI files charge sheet in Delhi court against Chairman Naveen Jindal, others in a case related to allocation of a coal block in Madhya Pradesh, reported news wire PTI Q4 consol loss Rs 116 crore vs estimate loss Rs 412 crore Q4 revenue Rs 6,760 crore vs estimate Rs 6,324 crore.

Oil Refiners' April Production

Indian Oil Corp. (-0.3%): April refinery output 5.53 million tonnes vs 5.31 million tonnes last year

Reliance Industries (-0.8%): April refinery output 5.80 million tonnes vs 5.85 million tonnes last year

ONGC (-0.9%): April crude output 1.85 million tonnes vs 1.80 million tonnes; April gas output 1.79 billion cubic meters vs 1.63 billion cubic meters last year

maruti Suzuki Jumps Most In Over A Month Shares of the four-wheeler maker rose as much as 2.8% to Rs 6,889, the most since

April 5 Stock top gainer on the NSE Nifty index, which is down 0.5% Volume at 2.8 times its 30-day average Passenger vehicle retail demand has improved sharply in the past two months: CLSA Brokerage maintains "Buy" and raises target price to Rs 8,100 from Rs 7,600 earlier

RCom Hits Record Low On Overseas Debt Woes Shares of the Anil Ambani-led company down as much as 8.7% to a record low of Rs 27.20 Reliance Communications’ 2020 bond slipped in overseas trading RCom remains exposed to currency mismatches and does not have enough foreign exchange revenue to mitigate risks arising from currency fluctuations: Moody's Investor Service in a note dated May 11.

Clariant Chemicals: Holding company Clariant AG and U.S. based Huntsman Corp to merge.

Prime Focus: To raise funds worth up to Rs 500 crore. Gateway Distriparks: Amansa Holdings buys 2.23 percent stake

at an average price of Rs 235.92 per share. MT Educare: Unit Lakshya Educare gets Rs 110 crore debt

facility from Xander Finance. Sun Pharma: Taro unit’s Q4 EPS from continuing operations

$2.05. Banco Products (-6.5%): Q4 net income Rs 7 crore vs Rs 21.6

crore last year Den Networks (-8.2%): Q4 net loss Rs 60.6 crore vs estimate Rs

33.5 crore loss Engineers India (-3.8%): Q4 net income Rs 65.9 crore vs

estimate Rs 92.7 crore Godrej Industries (+1.3%): Q4 net attributable to owners Rs

45.5 crore vs loss Rs 59.7 crore last year Inventure Growth (-1.7%): Q4 net income Rs 2.6 crore vs loss

Rs 5.7 crore last year MIRC Electronic (+6.8%): Q4 net income Rs 12.2 crore vs Rs 1.7

crore last year Moschip Semiconductor (-4.3%): Q4 net income Rs 38 lakh vs

loss Rs 6.4 crore last year PTC India (-2.2%): Q4 net income Rs 110 crore vs Rs 49 crore

last year SRF (-4.8%): Q4 net income Rs 129 crore vs estimate Rs 115

crore

Earnings Today Jindal Steel & Power Jubilant Life Sciences Voltas Radico Khaitan

Most Market Roundup May 23th,2017

BLACK FOX

EQUITY Market Sensex 30365.25 (-0.67) Nifty 9386.15 (-0.55)

Talking Points

India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On July 1, as India rolls out its landmark national sales tax, businesses that make less than 100 million rupees -- which the government refers to as micro, small and medium enterprises -- will all have to digitize. The firms, often accused of conducting business mostly in cash and evading taxes by under-reporting income, will for the first time have to report every transaction, creating an online trail for the tax office.

Industrialist Naveen Jindal and others were summoned by a special court as accused on Tuesday, in a case related to the allocation of a coal block in Madhya Pradesh after it took cognizance of a CBI charge sheet. Besides Jindal, the others summoned as accused are the company, Jindal Steel and Power Ltd (JSPL), its former Director Sushil Maroo, former Deputy Managing Director Anand Goyal and Chief Executive Officer

Vikrant Gujral for alleged cheating and criminal conspiracy in the allocation of Urtan North coal block in Madhya Pradesh.

Indian Army Hits Locations Across LoC Pakistan keeps targeting Indian side frequently India has hit locations across Line of Control recently

Infiltration attempts may increase in summer. U.K. police say 19 dead after suspected terrorist attack

India Says OPEC cuts deal important for oil-price stability RBI outlines plan to implement new banking rules on bad loans SEBI paper proposes lowering threshold on EBP for bonds India issued dated securities worth Rs 800 billion in 4Q: Report BSE revises transaction charges for deals reported on NDS-RST Global funds sold Rs 321 crore of local stocks; domestic funds

bought Rs 1,260 crore on May 22: Provisional data Gail India signs time- swap contract for 1 million tonne U.S. LNG

Most Market Roundup May 23th,2017

BLACK FOX

EQUITY Market Sensex 30365.25 (-0.67) Nifty 9386.15 (-0.55)

INDEX

CLOSE POINT CHANGE %CHANGE

NIFTY BANK 22582.80 -70.05 -0.31

NIFTY IT 10510.20 +5.35 +0.05

NIFTY REALTY 253.45 -7.15 -2.14

NIFTY INFRA 3204.75 -48.45 -1.49

NIFTY ENERGY 11559.25 -141.30 -1.21

NIFTY FMCG 25002.35 -227.65 -0.90

NIFTY MNC 11525.05 +39.70 +0.35

NIFTY PHARMA 9648.30 -310.90 -3.12

NIFTY PSE 4020.35 -43.05 -1.06

NIFTY PSU BANK

NIFTY SERV SECTOR

NIFTY MEDIA

NIFTY METAL

NIFTY AUTO

3548.05

12150.50

3077.50

2913.90

10380.65

-63.80

-57.35

-57.90

-12.40

+40.70

-1.77

-0.47

-1.85

-0.42

+0.39

Most Market Roundup May 23th,2017

BLACK FOX

EQUITY Market Sensex 30365.25 (-0.67) Nifty 9386.15 (-0.55)

KTKBANK - The Karnataka Bank Limited has informed the Exchange regarding a press release dated May 22, 2017, titled "Karnataka Bank inks MOU with Life Insurance Corporation of India(LIC) for life insurance business". MEGHMANI – Meghmani Organics Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 22, 2017 has recommended a dividend @ 40 % ( i.e. 0.40/- per Equity Share) on 254314211 Equity Shares of Rs.1/- each for the Financial Year 2016-17, subject to approval of members at the ensuing Annual General Meeting. RUCHIRA - Ruchira Papers Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2017, recommended Final Dividend of Rs. 2.25 per equity share. APLAPOLLO - APL Apollo Tubes Limited has informed the Exchange the Q4 and FY17 Earnings Presentation - APL Apollo. NOTICE AND CIRCULAR :

Notice No Subject Segment Name Category Name Department

20170523-28 Listing of further securities issued by the companies under ESOP/ESOS

Equity Company related DCS-Listing

20170523-27 Launch of New Fund Offer of Reliance Mutual Fund on BSE StAR MF Platform

Mutual Fund Trading Trading Operations

20170523-26 Listing of units of HDFC FMP 378D March 2014 (1) Series 29 after rollover.

Mutual Fund Company related DCS-Listing

20170523-25 Listing of units of HDFC FMP 369D April 2014 (1) Series 31 after rollover

Mutual Fund Company related DCS-Listing

20170523-24 Listing of new securities of Prakash Industries Ltd. Equity Company related DCS-Listing

20170523-23 Listing of units of SBI Debt Fund Scheme - Series A-23 after rollover

Mutual Fund Company related DCS-Listing

20170523-22 Commencement of business by Trading Member – M.D.Securities Pvt. Ltd. (Clg. No. 4065) in Currency Derivatives segment.

Currency Derivatives

Others Membership Compliance

20170523-21 Updates on Scheme of Arrangement(Demerger) of Sintex Industries Ltd.-Notice no. 20170522-3 dated May 22, 2017

Equity Company related Listing Operations

20170523-20 Redemption of Debentures of Indiabulls Housing Finance Ltd.

Debt Company related Listing Operations

20170523-19 Tender Offer (Buyback) of Equity Shares of HCL Technologies Limited.

Equity Corporate Actions Listing Operations

20170523-18 Maturity of Debentures of Reliance Capital Limited. Debt Company related Listing Operations

20170523-17 Redemption of Bonds of ICICI Home Finance Company Limited.

Debt Company related Listing Operations

20170523-16 Demat Auction - 034 General Settlement/RMS Post Trade

20170523-15 SETTLEMENT PROGRAMME FOR THE CURRENCY DERIVATIVES SEGMENT FOR THE PERIOD FROM 01.06.2017 TO 30.06.2017

Currency Derivatives

Settlement/RMS Post Trade

Corporate Action Calendar

Most Market Roundup May 23th,2017

BLACK FOX

EQUITY Market Sensex 30365.25 (-0.67) Nifty 9386.15 (-0.55)

Deal Date Security Code

Security Name Client Name Deal Type *

Quantity

22/05/2017 511463 ALEXANDER ANIRUDH PRADUMAN SETHI S 65,542

22/05/2017 511463 ALEXANDER ANIRUDH PRADUMAN SETHI B 69,935

22/05/2017 512149 AVANCE ZUBER TRADING LLP B 1,673,688

22/05/2017 512149 AVANCE WESTLITE INFRAPROJECTS PRIVATE LIMITED S 1,693,545

22/05/2017 522292 CHANDNI SATYAPRABHU INFRASTRUCTURE PRIVATE LIMITED S 2,743,939

22/05/2017 522292 CHANDNI SAGAR RAJESHBHAI JHAVERI S 171,126

22/05/2017 522292 CHANDNI CHETAN KANTILAL MEHTA B 1,100,000

22/05/2017 522292 CHANDNI HETAL CHETAN MEHTA B 404,900

22/05/2017 522292 CHANDNI REENA ASHISH AJMERA B 125,000

22/05/2017 522292 CHANDNI NISHITA ALPESH AJMERA B 125,000

22/05/2017 522292 CHANDNI MINAL MANISH AJMERA B 125,000

22/05/2017 522292 CHANDNI CHETAN KANTILAL MEHTA B 500,000

22/05/2017 522292 CHANDNI ASHWINI JITEN AJMERA B 125,000

22/05/2017 522292 CHANDNI AVANI JASMIN AJMERA B 150,000

22/05/2017 530191 CHROMATIC ANUPAM NARAIN GUPTA S 40,516

22/05/2017 530191 CHROMATIC ANUPAM NARAIN GUPTA B 1,190,545

22/05/2017 530191 CHROMATIC PURAN CHAND CHOUDHARY S 1,150,000

22/05/2017 539884 DARSHANORNA NIDHI GAUTAM SHETH S 34,000

22/05/2017 539884 DARSHANORNA MOHAMED HUSSAIN PUNJANI B 642,000

22/05/2017 539884 DARSHANORNA BEELINE BROKING LIMITED S 26,000

22/05/2017 539884 DARSHANORNA ODYSSEY CORPORATION LIMITED S 28,000

BLOCK DEAL

Most Market Roundup May 23th,2017

BLACK FOX

EQUITY Market Sensex 30365.25 (-0.67) Nifty 9386.15 (-0.55)

22/05/2017 539884 DARSHANORNA GUINESS SECURITIES LIMITED S 428,000

22/05/2017 539884 DARSHANORNA GATHANI BHAVNA PARAS S 24,000

22/05/2017 539884 DARSHANORNA PARAS BHOGILAL GATHANI S 36,000

22/05/2017 504351 EMPOWER ETHAN CONSTRUCTIONS PRIVATE LIMITED S 10,290,246

22/05/2017 504351 EMPOWER ZUBER TRADING LLP B 10,187,928

22/05/2017 512493 GARNETINT HETANSHI PROPERTIES PRIVATE LIMITED S 38,415

22/05/2017 512493 GARNETINT HETANSHI PROPERTIES PRIVATE LIMITED B 356

22/05/2017 532622 GDL AMANSA HOLDINGS PRIVATE LIMITED B 1,591,000

22/05/2017 508918 GREYCELLS NOWSHIR RUSI ENGINEER S 95,800

22/05/2017 540152 IGRL MAHENDRABHAI RAMNIKLAL SHAH S 180,000

22/05/2017 540152 IGRL GUINESS SECURITIES LIMITED B 180,000

22/05/2017 500247 KOTAKBANK UDAY SURESH KOTAK S 18,000,000

22/05/2017 539767 MNIL MANI ENTERPRISE B 30,000

22/05/2017 539767 MNIL MALVI AND CO S 30,000

22/05/2017 539767 MNIL SHREE BHUVANAKARAM TRADINVEST PVT LTD S 30,000

22/05/2017 539767 MNIL SHREE BHUVANAKARAM TRADINVEST PVT LTD B 30,000

22/05/2017 519287 MODAIRY GOVINDBHAI LALJIBHAI KAKADIA . S 137,671

22/05/2017 519287 MODAIRY GOVINDBHAI LALJIBHAI KAKADIA . B 147,671

22/05/2017 519287 MODAIRY SURESH POONATI S 222,900

22/05/2017 519287 MODAIRY RAHUL DOSHI S 185,000

22/05/2017 519287 MODAIRY RAHUL DOSHI B 205,000

22/05/2017 519287 MODAIRY MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED

S 165,792

22/05/2017 519287 MODAIRY MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED

B 165,790

22/05/2017 539843 NINSYS SAILESH MISHRA B 90,000

22/05/2017 539843 NINSYS PINALBEN R. SHAH S 50,000

22/05/2017 517500 ROTO QOPPA TRADING PRIVATE LIMITED S 89,077

22/05/2017 531431 SHAKTIPUMP G R D SECURITIES LIMITED S 100,750

22/05/2017 531431 SHAKTIPUMP G R D SECURITIES LIMITED B 100,750

22/05/2017 534741 VIRTUALG MANI ENTERPRISE B 2,450,000

22/05/2017 534741 VIRTUALG SHREE BHUVANAKARAM TRADINVEST PVT LTD S 2,376,472

22/05/2017 534741 VIRTUALG SHREE BHUVANAKARAM TRADINVEST PVT LTD B 2,372,986

Most Market Roundup May 23th,2017

BLACK FOX

EQUITY Market Sensex 30365.25 (-0.67) Nifty 9386.15 (-0.55)

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