MORNING BELL. July 05, 2016 INDIAN INDICES

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1 July 05, 2016 MORNING BELL MARKETS AT A GLANCE Negative opening is likely on the cards today for the Indian equity market today tracking weak global cues. Asian markets snapped their post Brexit rally today morning as crude oil prices fell below $50 a barrel mark on oversupply concerns after Nigeria pumped an average 1.53 million barrels a day in June, an increase of about 90,000 a day from May. Investors turned cautious on the possibility of bank bailouts in Italy in the wake of the U.K. s vote to leave the European Union. According to media reports, Italy is considering using state funds to recapitalize its banking system. Sentiments further weakened after on weak cues from European peers. FTSE 100 snapped winning streak yesterday as post Brexit rally stalls after economic data showed construction activity in the UK had plunged to a seven year low. Volumes were relatively thin yesterday as US stock markets remained closed due to holiday. Japan s Nikkei fell around 1% as yen snapped a five day losing streak and strengthened against all 31 major peers and a gauge of dollar strength. Further, Australia s ASX 200 Index fell 0.9% ahead of the Reserve Bank of Australia s board meeting today. However, China s Shanghai Composite rose as a gauge measuring services activity climbed to 52.7 in June, up from 51.2 in May, signaling a quickening in the pace of growth in the world s second biggest economy. Losses in SGX Nifty which was trading lower at 8,365, down by 27 points or 0.32% at 11:12 am Singapore time, indicates that Dalay Street may open lower today. Back homes, all eyes will be on Union Cabinet expansion that will take place today morning. This will be second expansion that Prime Minister Narendra Modi will undertake since the NDA came to power in May Further, the focus today will be on the June Services PMI data which will offer further cues over the health of Asia s third biggest economy. Moreover, increasing hopes that government will get enough support to pass the crucial GST bill in the upcoming monsoon session of Parliament along with strong progress of the southwest monsoon in the Country and hopes of recovery in corporate earnings may continue to support local bourses. On the stock specific front, shares of Jaypee group will remain in focus after the boards of Jaiprakash Associates and UltraTech Cement yesterday approved an amendment to the draft sale agreement which includes selling of JP's cement business to the latter. UltraTech will now pay Rs 16,189 crore to buy Jaypee Group's cement operations that have a total capacity of 17.2 million tonnes per annum (MTPA). WALL STREET UPDATE US stock market was closed on Monday on account of Independence Day holiday. PREVIOUS DAY ROUNDUP (DOMESTIC) The key domestic benchmark indices ended the Monday s trading session in positive territory with decent gains on account of buying in frontline blue chip counters. Throughout the day traders were seen piling position in Realty, PSU and Oil & Gas stocks while selling was witnessed in FMCG sector stocks. NIFTY OVERVIEW Spot Future COC (%) Total Future OI PCR OI PCR Vol Current 8,371 8, ,078, Previous 8,328 8, ,754, Change % bps TODAY'S EVENT Eurozone s Markit PMI Composite (Jun) US s Factory Orders (MoM) (May) US s IBDTIPP Economic Optimism (MoM) (Jul) INDIAN INDICES Index 04/07/16 Pt Chg % Chg BSE SENSEX 27, NSE NIFTY 8, BSE MIDCAP 11, BSE SMALLCAP 12, CNX MIDCAP 14, BANK NIFTY 18, REALTY 1, PSU 6, METAL 8, FMCG 8,496 (113) (1.3) GLOBAL INDICES Index 04/07/16 Pt Chg % Chg DOW JONES 17, NASDAQ 4, FTSE 6,522 (56) (0.8) DAX 9,709 (67) (0.7) Index * 05/07/16 Pt Chg % Chg NIKKEI ,639 (137) (0.9) HANG SENG 20,900 (159) (0.8) SHANGHAI COMPOSITE 3, KOSPI COMPOSITE 1,988 (8) (0.4) SINGAPORE STRAITS TIMES 2,870 (1) 0.0 SGX NIFTY 8,366 (27) (0.3) * live intraday prices NET INFLOWS crore Buy Sell Net YTD FII (JUL 04) 4,250 4, ,690 MF (JUL 01) 3, , ,202 FII PARTICIPATION IN DERIVATIVES crore Buy Sell Net INDEX FUTURES 1,310 1, INDEX OPTIONS 16,941 16, STOCK FUTURES 4,593 4, STOCK OPTIONS 2,313 2,323 (10) Source: Achiievers Equities Ltd

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3 TECHNICAL OVERVIEW Extending its gains for the sixth straight session, the key domestic benchmark indices ended higher on Monday. The broader NSE index grew 0.51% or points to close at On daily charts, Nifty had made a second consecutive doji candle which carries a higher high higher low formation, which indicates that short term bias is positive. The index traded and closed above the bullish gap opened on 30th June for the third consecutive session, confirming it as its immediate technical support. Follow through strength above 8400 levels could provide fresh impetus to rally towards its next resistance of At the same time, long upper shadow nervousness at higher levels and possibility of quick profit booking or sideways consolidation, after a strong rally of 400 points ( ), cannot be ruled out. SUPPORT & RESISTANCE SENSEX GAINERS & LOSERS NIFTY GAINERS & LOSERS Indices S2 S1 LTP R1 R2 SENSEX 27,171 27,225 27,279 27,359 27,440 NIFTY 8,344 8,357 8,371 8,391 8,412 BANK NIFTY 18,008 18,053 18,098 18,144 18,191 Gainers 04/07/16 Chg % Chg ADANI PORTS ONGC ICICI BANK TATA MOTORS COAL INDIA Gainers 04/07/16 Chg % Chg BHEL ADANI PORTS ICICI BANK ONGC TATA MOTORS Stocks S2 S1 LTP R1 R2 RIL ,001 SBI ITC LTD INFOSYS 1,166 1,175 1,184 1,194 1,204 L&T 1,539 1,552 1,565 1,577 1,588 Losers 04/07/16 Chg % Chg ITC 245 (8) (3.0) DR. REDDY'S LAB 3,435 (42) (1.2) HUL 892 (6) (0.7) BAJAJ AUTO 2,651 (18) (0.7) HERO MOTORS 3,162 (15) (0.5) Losers 04/07/16 Chg % Chg ITC 245 (7) (3.0) BOSCH 22,249 (435) (1.9) DR. REDDY'S LAB 3,435 (49) (1.4) INDUSINDBANK 1,108 (16) (1.4) GRASIM 4,580 (63) (1.4) Source:Achiievers Equities Ltd

4 CRUDE & BULLION MCX (Fig. in Rs) Commodity 04/07/16 Pt Chg % Chg Silver (JUL) 47,450 1, Gold (AUG) 31, Crude Oil (JUL) 3, Copper (AUG) 332 (1) (0.3) CORPORATE NEWS BSE Code LTP (Rs.) Event CORPORATE, INDUSTRY AND ECONOMY (CIE) NEWS AT GLANCE Edelweiss Group s housing finance arm Edelweiss Housing Finance (EHFL) said it will raise up to Rs 500 crore debt. The company will raise Rs 250 crore through sale of non convertible debentures, which also has a green shoe option to retain over subscription up to another Rs 250 crore, taking the aggregate amount to Rs 500 crore. Reliance Industries Ltd (RIL) received approval from the Ministry of Environment & Forests (MoEF) to drill eight additional exploratory wells in the state of Tamil Nadu. The company plans to invest around Rs 800 crore to drill these new wells. The proposal was considered by the Expert Appraisal Committee (industry) in its meetings in February 2014 and April INDUSTRY NEWS Power generation growth has risen to 9.5% this year so far, as against 5.65% during the ten year period from 2004 to 2014, Power Minister Piyush Goyal said. The power generation growth was recorded at 5.65% between 2004 to 2014, 5.02% in , 7.03% in and 9.5% in 2016 till date. There was 87% reduction in energy shortage in just two years to 14 million units (mu), from 110 million units earlier, he added. ECONOMY NEWS Sudarshan Sen has taken over as the new Executive Director at the Reserve Bank of India today, RBI has said in a notification. He will look after Department of Banking Regulation, Department of Co operative Bank Regulation and Department of Non Banking Regulation. Source:Achiievers Equities Ltd

5 CORPORATE ACTIONS RECORD DATES Company name BSE Code Purpose Date Company name BSE Code Purpose Date ITC Ltd Bonus 04/07/2016 Abbott India Ltd Final Dividend 12/07/2016 Century Enka Final Dividend 05/07/2016 Cairn India Ltd Final Dividend 12/07/2016 Century Enka Special Dividend 05/07/2016 Jost's Engg Final Dividend 12/07/2016 Modern Shares & Stoc Final Dividend 05/07/2016 MindTree Ltd Final Dividend 12/07/2016 JSW Steel Final Dividend 06/07/2016 Polychem Final Dividend 12/07/2016 EX DIVIDEND DATE Company name BSE Code CMP (Rs.) Date Company name BSE Code CMP (Rs.) Date AutoCorpn of Goa /07/2016 Exide Inds /07/2016 eclerx Services , /07/2016 GHCL /07/2016 Hisar Metal Indu /07/2016 Jammu & Kashmir Bank /07/2016 JSW Steel , /07/2016 JSW Energy Ltd /07/2016 Radico Khaitan Ltd /07/2016 Onward Technolog /07/2016 EX SPLIT Company name BSE Code Ratio Date Company name BSE Code Ratio Date Solar Industries Ind :2 13/07/2016 EX BONUS Company name BSE Code Ratio Date Company name BSE Code Ratio Date Bharat Petroleum :1 13/07/2016 FORTHCOMING RESULTS Company name BSE Code Date CMP (Rs.) Dewan Housing Finance Corporation Ltd /07/ Bodal Chemicals Ltd /07/ Anka India Ltd /07/ Ankush Finstock Ltd /07/ Asya Infosoft Ltd /07/ Crestchem Ltd /07/ Cybermate Infotek Ltd /07/ G M Breweries Ltd /07/ Nitin Alloys Global Ltd /07/ JBF Industries Ltd /07/

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