MORNING BELL. January 21, 2016 INDIAN INDICES

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1 January 21, 2016 MORNING BELL MARKETS AT A GLANCE The domestic equity market is poised to open higher today tracking a rebound in most Asian peers as stabilization in crude oil prices which tumbled below the USD 27 per barrel mark on Wednesday boosted sentiment. Most Asian stocks rallied today as a sell off in crude oil eased while traders resorted to value buying after the benchmark index for the region fell to a three year low as a commodity slump fuelled concerns over fragile global economic growth. China s Shanghai Composite retreated for a second straight day as traders seemed unsure over policymakers ability to manage an economic slowdown and tackle stock market volatility. Strength in the SGX Nifty which rose by 0.73% or 54 points at 7,370.5 at 11:11 am Singapore time also signals that Dalal Street may open on a positive note today. Shares of Reliance Capital, Mahindra & Mahindra Financial Services, Idea Cellular and Biocon would be in focus today as these companies unveil their December quarter earnings. On the stock specific front, shares of Reliance Infrastructure Ltd will remain in focus as the company on Wednesday reported an increase of 2.3% in its consolidated net profit after taxes at Rs crore for the third quarter ended December 31, 2015, inspite of Mumbai Metro and cement business incurring a loss of Rs 49 crore and Rs 44 crore respectively. However, the consolidated total income of the company fell by 8.2 per cent at Rs 4, crore during Q WALL STREET UPDATE US stocks closed lower on Wednesday with the Standard & Poor s 500 Index reaching a 21 month low, following a renewed selloff across stocks globally as fall in U.S. oil prices to 2003 lows raised concerns about the strength of global economy. Sentiments weakened further following dismal US housing and consumer inflation data which signaled worries over the health of the world s biggest economy, soured investor mood. US housing starts plunged 2.5% to a 1.15 million annual pace in December, while consumer prices declined 0.1% after being little changed in November. Petroleum linked stocks fell, with Chevron losing 3.1%. Further, banking stocks were down likely reflecting expectations that the US Federal Reserve will hold off on raising interest rates again anytime soon. PREVIOUS DAY ROUNDUP (DOMESTIC) Triggered by weak global cues, the Indian equities resumed southward journey after a day break on Wednesday, with the benchmark index Sensex plunged to 20 month low. On the sectoral front, all the thirteen indices ended in red, with realty and metal space emerged as top losers, falling 3.49 and 3.08 per cent, respectively. NIFTY OVERVIEW Spot Future COC (%) Total Future OI PCR OI PCR Vol Current 7,309 7, ,803, Previous 7,435 7, ,819, Change % (1.7) (1.8) 0 bps (0.1) TODAY'S EVENT INDIAN INDICES Index 20/01/16 Pt Chg % Chg BSE SENSEX 24,062 (418) (1.7) NSE NIFTY 7,309 (126) (1.7) BSE MIDCAP 10,032 (206) (2.0) BSE SMALLCAP 10,311 (215) (2.0) CNX MIDCAP 12,027 (222) (1.8) BANK NIFTY 14,936 (334) (2.2) GLOBAL INDICES Index 20/01/16 Pt Chg % Chg DOW JONES 15,767 (249) (1.6) NASDAQ 4,472 (5) (0.1) FTSE 5,674 (203) (3.5) DAX 9,392 (273) (2.8) Index * 21/01/16 Pt Chg % Chg NIKKEI , HANG SENG 19, SHANGHAI COMPOSITE 2, KOSPI COMPOSITE 1, SGX NIFTY 7, * live intraday prices NET INFLOWS crore Buy Sell Net YTD FII (JAN 20) 3,294 4,252 (957) (4,393) MF (JAN 19) 7,385 7,442 (57) 19,716 FII PARTICIPATION IN DERIVATIVES crore Buy Sell Net INDEX FUTURES 2,553 2,640 (87) INDEX OPTIONS 40,820 38,211 2,608 STOCK FUTURES 5,524 4, STOCK OPTIONS 4,012 4,103 (91) Eurozone s ECB Interest Rate Decision (Jan 21) US s Initial Jobless Claims (Jan 15) Japan s All Industry Activity Index (MoM) (Nov) Source: Achiievers Equities Ltd

2 TECHNICAL OVERVIEW The key domestic benchmark indices ended the volatile session lower on Wednesday. The broader NSE index fell 1.69% or points to close at On daily charts, Nifty has made a high wave candle with long shadows on both sides, highlighting the tussle between bulls and bears to gain upper hand in the market. Nifty managed to cut losses in later part of the session and managed to close above psychological level of 7300; if Nifty managed to hold above the 7300 level in coming session then it can bounce back to levels. Further, index can exhibit a quick short covering in the next few sessions as index is languishing in highly oversold zone. Meanwhile, short term bias will remain negative till it is trading below the huge bearish gap of 46 points ( ) opened on 07th Jan. So, traders are advised to initiate fresh short positions, only with strict stop loss. Suggested trading strategy would be to Sell if market resists at 7330 and Buy if it attains support at SUPPORT & RESISTANCE SENSEX GAINERS & LOSERS NIFTY GAINERS & LOSERS Indices S2 S1 LTP R1 R2 SENSEX 23,590 23,826 24,062 24,312 24,562 NIFTY 7,111 7,210 7,309 7,440 7,570 BANK NIFTY 14,296 14,616 14,936 15,394 15,853 Gainers 21/01/16 Chg % Chg BHEL ITC SBI ASIAN PAINT L&T LTD 1, Gainers 21/01/16 Chg % Chg IDEA BAJAJ AUTO 2, HCL TECH HERO MOTORS 2, WIPRO Stocks S2 S1 LTP R1 R2 RIL ,004 1,033 1,062 SBI ITC LTD INFOSYS 1,099 1,111 1,122 1,139 1,156 L&T 1,062 1,088 1,113 1,129 1,145 Losers 21/01/16 Chg % Chg AXIS BANK 387 (2) (0.4) BHARTI AIRTEL (0.1) Losers 21/01/16 Chg % Chg SESA GOA 64 (5) (7.7) HINDALCO 68 (4) (5.9) ADANI PORTS 219 (13) (5.8) PNB 87 (5) (5.6) YES BANK 646 (35) (5.1)

3 CRUDE & BULLION MCX (Fig. in Rs) Commodity 20/01/16 Pt Chg % Chg Copper (FEB) 297 (1) (0.5) Crude Oil (FEB) 1,919 (134) (6.5) Silver (MAR) 34, Gold (FEB) 26, CORPORATE NEWS BSE Code LTP (Rs.) Event CORPORATE, INDUSTRY AND ECONOMY (CIE) NEWS AT GLANCE Edelweiss Financial Services reported a rise of 27.5% in its consolidated net profit after taxes (PAT) at Rs crore for the third quarter ended December 31, Further, the consolidated total income of the company grew by 39.9% at Rs 1, crore during Q JSW Energy's consolidated net profit declined 16% to Rs 321 crore in Q3 FY16 over the same period last year, due to increase in finance costs and higher depreciation charges following the acquisition of hydro power assets. Revenue was up 11.3% to Rs 2,649 crore, while net generation increased to 6,052 million units as against 5,366 million units during the same period previous year. Axis Bank's Q3 net profit increased 14.5% YoY to Rs 2, crore from Rs 1, crore, driven by other income and net interest income despite higher provisions. Net interest income grew by 16% to Rs 4,162 crore during the quarter compared to Rs 3, crore in year ago period. Dewan Housing Finance (DHFL) reported a 16.4% rise in net profit at Rs crore for the third quarter ended December, 2015 on higher loan disbursements. The total income increased to Rs 1, crore from Rs 1, crore in the same period last fiscal. INDUSTRY NEWS Telecom regulator Trai has said that it will firm up its view on spectrum price for the next round of auction and differential pricing of data, which is central to the Net neutrality issue, by the end of this month. As per reports, the Telecom Regulatory Authority of India (Trai) has put out a consultation paper on a reference made by the Government to suggest the base or floor price for all available airwaves for mobile services. The Indian Government has approved Rs 4,918 crore highway project for widening of NH 2 stretch in Bihar and Jharkhand to augment the state's infrastructure. As per reports, the decision was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi. ECONOMY NEWS The Union Cabinet, chaired by the Prime Minister Narendra Modi approved a MoU between Indian Space Research Organization (ISRO) and Kuwait Institute of Scientific Research (KISR) on cooperation in the exploration and use of outer space for peaceful purposes. Cooperation with KISR through this MoU will lead to developing a joint activity in the field of application of space technology for the benefit of humanity. Thus all sections and regions of the country will get benefited.

4 CORPORATE ACTIONS RECORD DATES Company name BSE Code Purpose Date Company name BSE Code Purpose Date MindTree Ltd Interim Dividend 27/01/2016 Bajaj Corp Ltd Interim Dividend 20/01/2016 Wipro Ltd Interim Dividend 27/01/2016 Oil India Ltd Interim Dividend 20/01/2016 HCL Technologies Interim Dividend 28/01/2016 Alankit Interim Dividend 21/01/2016 Gandhi Special Interim Dividend 29/01/2016 Tata Consultancy Interim Dividend 22/01/2016 Mastek Li Interim Dividend 29/01/2016 EX DIVIDEND DATE Company name BSE Code CMP (Rs.) Date Company name BSE Code CMP (Rs.) Date MindTree Ltd , /01/2016 Bajaj Corp Ltd /01/2016 Wipro Ltd /01/2016 Oil India Ltd /01/2016 HCL Technologies /01/2016 Alankit /01/2016 Gandhi Special /01/2016 Tata Consultancy , /01/2016 Mastek Li /01/2016 EX SPLIT Company name BSE Code Ratio Date Company name BSE Code Ratio Date Netlink Solutions (I :10 28/01/2016 EX BONUS Company name BSE Code Ratio Date Company name BSE Code Ratio Date FORTHCOMING RESULTS Company name BSE Code Date CMP (Rs.) Adinath Exim Resources Ltd /01/ Agro Tech Foods Ltd /01/

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