MORNING BELL. June 27, 2016 INDIAN INDICES

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1 June 27, 2016 MORNING BELL MARKETS AT A GLANCE Indian equity market is likely to witness a gap down opening today on global uncertainty amid Brexit jitters. Losses in SGX Nifty, which was trading at 8,018, down by points or 0.75% at 10:40 am Singapore time indicate that Dalal Street may open on a negative note today. Meanwhile, Asian stocks outside Japan fell in early trade on Monday as Britain s vote to leave the European Union continued to roil global financial markets. Japan s Nikkei rose as the Yen steadied. Meanwhile, investors are also focusing on an emergency meeting between Japan's government and central bank today in the wake of UK s decision to leave EU, as per media reports. Investors sentiments are lifted after reports emerged that Japan s Prime Minister Shinzo Abe had Finance Minister Taro Aso to take the necessary steps to calm forex markets. Back home, Indian equity market is expected to remain volatile this week ahead of near month June 2016 derivatives contracts expiry on Thursday, 30 June Traders roll over positions in the futures & options (F&O) segment from the near month June 2016 series to July 2016 series. Further, jitters of Britain voting to leave the European Union which rocked global financial markets, pushing currencies, stocks and commodities in a free fall on Friday last week may continue to weigh on investors sentiments. Further, shares of Axis Bank will remain in focus as the bank said it has sought shareholders nod to raise Rs 35,000 crore through multiple instruments including green bonds and from overseas markets at its 22nd Annual General Meeting of shareholders on July 2, Moreover, investors focus will be on the progress of monsoon rains in the Country. Further, investors focus will be on the movement of Indian rupee which tumbled the most in ten months on Friday amid Brexit fears. WALL STREET UPDATE US stocks ended sharply lower on Friday as Britain surprisingly voted to leave the European Union (EU) in a historic referendum. The investors turned extremely cautious in the wake of the U.K.'s decision to extricate itself from the EU. The stunning referendum results, which sent global markets into tail spin, showed the Leave camp won Britain's Brexit referendum by obtaining nearly 52% of ballots. The Dow Jones Industrial Average plunged points, or 3.39%, to 17, The S&P 500 fell points, or 3.60%, to 2, and the Nasdaq Composite Index plummeted points, or 4.12%, to 4, PREVIOUS DAY ROUNDUP (DOMESTIC) The key domestic benchmark indices fell on Friday on account of sustained selling by funds and retail investors amid weak cues from the Asian markets, as EU referendum decisively favoured 'leave' campaign. On the sectoral front, all the thirteen indices ended in red, while realty and metal stocks emerged as top lossers, falling as much as 3.74 per cent and 3.59 per cent respectively. NIFTY OVERVIEW Spot Future COC (%) Total Future OI PCR OI PCR Vol Current 8,089 8, ,436, Previous 8,270 8, ,888, Change % (2.2) (2.4) 0 bps (15.4) (11.76) (11.4) TODAY'S EVENT INDIAN INDICES Index 24/06/16 Pt Chg % Chg BSE SENSEX 26,398 (605) (2.2) NSE NIFTY 8,089 (182) (2.2) BSE MIDCAP 11,313 (123) (1.1) BSE SMALLCAP 11,279 (168) (1.5) CNX MIDCAP 13,289 (167) (1.2) BANK NIFTY 17,426 (466) (2.6) REALTY 1,423 (55) (3.7) METAL 8,190 (305) (3.6) CG 14,297 (487) (3.3) GLOBAL INDICES Index 24/06/16 Pt Chg % Chg DOW JONES 17,401 (610) (3.4) NASDAQ 4,708 (202) (4.1) FTSE 6,139 (199) (3.1) DAX 9,557 (700) (6.8) Index * 27/06/16 Pt Chg % Chg NIKKEI , HANG SENG 20,091 (168) (0.8) SHANGHAI COMPOSITE 2, KOSPI COMPOSITE 1,919 (7) (0.3) SINGAPORE STRAITS TIMES 2,724 (12) (0.4) SGX NIFTY 8,017 (62) (0.8) * live intraday prices NET INFLOWS crore Buy Sell Net YTD FII (JUN 24) 4,099 4,246 (147) 8,346 MF (JUN 23) 7,063 5,002 2, ,615 FII PARTICIPATION IN DERIVATIVES crore Buy Sell Net INDEX FUTURES 4,727 6,495 (1,768) INDEX OPTIONS 63,259 60,567 2,692 STOCK FUTURES 10,740 10, STOCK OPTIONS 9,798 10,170 (372) Germany s Import Price Index (YoY) (May) US s Markit PMI Composite (Jun)Pre US s Dallas Fed Manufacturing Business Index (Jun) Source: Achiievers Equities Ltd

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3 TECHNICAL OVERVIEW The key domestic benchmark indices plummeted on Friday, marking its lowest close in nearly a month. The broader NSE index fell 2.20% or points to close at On daily charts, has formed a long legged doji candle highlighting the emergence of supportive buying from its key short term averages. The index exhibited a strong recovery in the afternoon session and managed to close above its key short term averages of 20 DMA (8060) & 50 DMA (7930) which suggest that medium term bias is positive. At the same time, the index has opened a huge bearish breakaway gap of 88 points ( ) which indicates that the short term bias has turned slightly bearish and sustained close above 8,300 level would provide the fresh impetus for fresh bulls run. The index has immediate support base around Any weakness below 8040 could trigger a panic selling. On the higher side, the index has immediate hurdle at 8300 levels. Follow through strength above 8300 levels could provide fresh impetus to rally towards its next resistance of SUPPORT & RESISTANCE SENSEX GAINERS & LOSERS NIFTY GAINERS & LOSERS Indices S2 S1 LTP R1 R2 SENSEX 25,724 26,061 26,398 26,585 26,773 NIFTY 7,865 7,977 8,089 8,151 8,212 BANK NIFTY 16,764 17,095 17,426 17,608 17,790 Gainers 24/06/16 Chg % Chg M&M 1, BAJAJ AUTO 2, ASIAN PAINT GAIL SUN PHARMA Gainers 24/06/16 Chg % Chg M&M 1, BAJAJ AUTO 2, BHARTI INFRA ASIAN PAINT GAIL Stocks S2 S1 LTP R1 R2 RIL SBI ITC LTD INFOSYS 1,144 1,169 1,195 1,209 1,224 L&T 1,367 1,400 1,434 1,468 1,503 Losers 24/06/16 Chg % Chg TATA MOTORS 449 (39) (8.0) TATA STEEL 313 (21) (6.4) L&T LTD 1,434 (64) (4.3) ICICI BANK 231 (10) (4.1) ONGC 210 (8) (3.8) Losers 24/06/16 Chg % Chg TATA MOTORS 449 (39) (7.9) TATA STEEL 313 (21) (6.4) HINDALCO 117 (7) (5.3) TECH MAHINDR 507 (24) (4.6) L&T LTD 1,431 (68) (4.5) Source:Achiievers Equities Ltd

4 CRUDE & BULLION MCX (Fig. in Rs) Commodity 24/06/16 Pt Chg % Chg Copper (JUN) 317 (4) (1.3) Silver (JUL) 42,392 1, Gold (AUG) 31,401 1, Crude Oil (JUL) 3,266 (89) (2.7) CORPORATE NEWS BSE Code LTP (Rs.) Event CORPORATE, INDUSTRY AND ECONOMY (CIE) NEWS AT GLANCE Adani Enterprises on Saturday said that it has raised Rs 150 crore on June 24, 2016 by allotment of 1,500 rated, listed, taxable, secured, redeemable, non convertible Debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis. ARSS Infrastructure Projects on Saturday said that its joint venture has bagged an order worth Rs 44 crore from the Indian Railways for earthwork in Odisha. The scope of work includes Jagdalpur Koraput doubling project execution of earthwork in formation, minor bridges, protection works and other allied works. Tata Teleservices (Maharashtra) will raise funds up to Rs 3,000 crore from its promoter Tata Teleservices through allotment of preferential equities. He company s board of directors at its meeting held on June 25, 2016, has considered and approved issue of redeemable preference shares up to an amount of Rs 3,000 crore to Tata Teleservices Limited (Promoter) on preferential basis, the company said. Aban Offshore s step down subsidiary has received an order worth Rs 592 crore from ONGC for the deployment of the Drillship Aban Abraham for a firm period of two years. The deployment is expected to commence during the fourth quarter of calendar year INDUSTRY NEWS Asia's oldest bourse BSE will introduce two new facilities from Monday, in equity, equity derivative and currency derivative segments, a move that help investors limit losses without capping profit potential, reported PTI. These new orders are One Cancels the Other (OCO) and Book Or Cancel (BOC). Under OCO order, an investor can place two orders of the same quantity for the same contract at different price levels. When the available market prices trigger one order, that order will be executed while the remaining order will be automatically deleted. Britain's exit from the European Union will mark a phase of uncertainty for the USD 108 billion Indian IT sector in the near term, industry body Nasscom said as per the PTI report. However, in the longer run it will be a mix of challenges and opportunities as the UK would seek to compensate for loss of preferential access to EU markets. Europe is the second largest market for Indian IT BPM industry, constituting almost 30 per cent of the sector's export revenue of about USD 100 billion. ECONOMY NEWS The country s foreign exchange reserves have risen to the highest level on record driven by a jump in foreign currency assets, a good omen for Asia s third biggest economy amidst heightened global economic uncertainty after Britain s shocking exit from the European Union. India s forex reserves climbed by USD million to USD billion in the week ended June 17, 2016, the Reserve Bank of India (RBI) reported on Friday. Source:Achiievers Equities Ltd

5 CORPORATE ACTIONS RECORD DATES Company name BSE Code Purpose Date Company name BSE Code Purpose Date Welspun Corp Final Dividend 27/06/2016 ITC Ltd Bonus 04/07/2016 Welspun India Final Dividend 27/06/2016 Century Enka Final Dividend 05/07/2016 Solitaire Machin Final Dividend 28/06/2016 Century Enka Special Dividend 05/07/2016 Capital First Final Dividend 29/06/2016 Modern Shares & Stoc Final Dividend 05/07/2016 Pfizer Ltd Final Dividend 29/06/2016 JSW Steel Final Dividend 06/07/2016 EX DIVIDEND DATE Company name BSE Code CMP (Rs.) Date Company name BSE Code CMP (Rs.) Date Capital First /06/2016 AutoCorpn of Goa /07/2016 Pfizer Ltd , /06/2016 eclerx Services , /07/2016 Dabur India /06/2016 Hisar Metal Indu /07/2016 Havells India /06/2016 JSW Steel , /07/2016 HDFC Bank , /06/2016 Radico Khaitan Ltd /07/2016 EX SPLIT Company name BSE Code Ratio Date Company name BSE Code Ratio Date EX BONUS Company name BSE Code Ratio Date Company name BSE Code Ratio Date ITC Ltd :2 01/07/2016 FORTHCOMING RESULTS Company name BSE Code Date CMP (Rs.) KSB Pumps Ltd /06/ Shilpa Medicare Ltd /06/ Stampede Capital Ltd /06/ Excel Castronics Ltd /06/ Krishna Capital & Securities Ltd /06/ Raymed Labs Ltd /06/ Vijay Shanthi Builders Ltd /06/ Trent Ltd /06/2016 1,688.8 Ambica Agarbathies & Aroma Industries Ltd /06/ Atlas Cycles (Haryana) Ltd /06/

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