DAX Index 9,630 9, % DII's contribution to the total turnover 15%

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1 Top Gainers BSE Smallcap Top Losers BSE Smallcap Top Gainers BSE Midcap Top Losers BSE Midcap Top Gainers BSE 100 Top Losers BSE 100 Top Gainers CNX Nifty Top Losers CNX Nifty Morning Notes 11-Jul 2016 Indices 8-Jul 7-Jul % Chg. Major Indices 8-Jul 7-Jul % Chg. FII's & DII's in equity Rs.Crs S&P BSE SENSEX 27,127 27, % Dow Jones Industrial Average 18,147 17, % 08-Jul Buy Sell Net S&P CNX NIFTY 8,323 8, % Nasdaq Composite Index 4,957 4, % FII / FPI Investments 4,059 3, NIFTY MID100 FREE 14,077 14, % CAC 40 Index 4,191 4, % DII's Investments 1,217 1, NIFTY SML100 FREE 5,928 5, % FTSE 100 Index 6,591 6, % FII's contribution to the total turnover 39% BSE Sectoral Indices DAX Index 9,630 9, % DII's contribution to the total turnover 15% NIFTY AUTO 8,871 8, % Major Asian Indices 8-Jul 7-Jul % Chg. FII's in Derivatives Rs.Crs NIFTY MEDIA 2,644 2, % Hong Kong 20,564 20, % 08-Jul Index Fut Index Opt Stock Fut Stock Opt NIFTY PHARMA 11,570 11, % Nikkei ,107 15, % Net NIFTY IT 10,947 10, % Korea 1,963 1, % OI 15,149 52,081 49,470 3,673 NIFTY CONSUMPTION 3,750 3, % Shanghai 2,988 3, % Chg.OI 1.9% 3.7% 0.8% 12.1% NIFTY FMCG 21,857 21, % Taiwan 8,641 8, % FIIs' contribution to the total Derivatives turnover 28% NIFTY METAL 2,224 2, % NIFTY BANK 18,016 18, % Commodities (MCX) 8-Jul 7-Jul % Chg. Curr. Derivatives (NSE) 8-Jul 7-Jul % Chg. NIFTY FIN SERVICE 7,385 7, % Aluminium (29JUL2016) % USDINR 27-JUL % NIFTY REALTY % Copper(31AUG2016) % EURINR 27-JUL % NIFTY ENERGY 8,826 8, % Crude (19JUL2016) 3,059 3, % JPYINR 27-JUL % NIFTY PSU BANK 2,770 2, % Gold (05AUG2016) 31,719 31, % DJIA (15-JUL-2016) 17,910 17, % NIFTY INFRA 2,857 2, % Silver ( 05JUL2016) 47,487 46, % S&P500 (15-JUL-2016) 2,100 2, % Company LTP Chg % Chg Company LTP Chg % Chg TATAMOTORS GAIL HEROMOTOCO BHARTIARTL ASIANPAINT BANKBARODA INDUSINDBK BHEL AUROPHARMA ADANIPORTS Company LTP Chg % Chg Company LTP Chg % Chg CADILAHC RCOM PFC IDEA ABB UNIONBANK LICHSGFIN GAIL HDIL BHARTIARTL Company LTP Chg % Chg Company LTP Chg % Chg CADILAHC JPASSOCIAT BERGEPAINT RCOM ABB UNIONBANK LICHSGFIN ADANIPOWER PIDILITIND PEL Company LTP Chg % Chg Company LTP Chg % Chg ADIFINCHM PROZONINTU GRAVITA USHERAGRO BLISSGVS SRSREAL KMILES JPINFRATEC ISGEC TREEHOUSE Domestic Market View Markets to get a strong start of the data heavy week The Indian markets remained in consolidation mood in the last session and the major averages lost about a quarter percent after trading mostly in a range. Today, the start of the data heavy week is likely to be in green on jubilant lead from the global markets, though traders apart from the IIP and inflation data later in the week will be eyeing quarterly earnings from blue-chips TCS and Infosys for cues. Traders will be getting some support with NITI Aayog Vice Chairman Arvind Panagariya s statement that the government has put the economy on the path of reform to achieve a high growth trajectory though there are significant lags between policy decisions and outcomes which need to be addressed. He also said that today, the economy is far healthier compared to the last year of UPA II in all macroeconomic parameters. However, there will be some concern as well, with the recently-concluded meeting of G20 trade ministers ahead of the big summit later this year stating that investments, globally, are likely to fall 15 per cent in the coming year and there was a need for the G20 to show its leadership. There will be buzz in the chemical stocks, as the government has imposed anti-dumping duty on imports of chemicals from five countries, including China and Iran, to protect domestic manufacturers. The imports of the chemical from the five countries (China, Iran, Indonesia, Malaysia and Taiwan) will attract anti-dumping duty in the range of $ per tonne to $ per tone. The earnings season kicks off with IndusInd Bank set to announce its June quarter results today.

2 Domestic Market Overview Benchmarks end a lackluster session with modest cut; Nifty ends above 8300 mark Indian benchmark indices finished the week on a sluggish note as the major bourses showcased an unenthusiastic performance on Friday and settled with modes cuts of around a quarter percent. Sentiments largely remained pessimistic in the local markets with a steady stream of negative news this week in the form of rising Brexit uncertainty and a growing crisis in Italian banks. Further, investors turned jittery after a global financial service major stated that India s economy may grow at a slightly slower pace of 7.4% this fiscal amid weaker global demand and risk aversion, flagging methodological concerns in computation of official GDP data. However, the downside for the markets was capped with Economic Affairs Secretary Shaktikanta Das statement that the Finance Ministry is hoping that the prices of pulses will now be contained and help keep inflation under check due to the higher minimum support price for pulses. Also the government has decided to introduce the GST Bill on the first working day of the monsoon session of Parliament, in what could be a sign of its confidence that it can notch up the numbers for the longpending legislation. Meanwhile, shares of print media companies gained on reports that the government is planning to raise the foreign direct investment limit in newspapers and periodicals to 49% from 26% at present. On the other hand, Telecom stocks declined after reports suggested that the telecom department is likely to soon send out demand notices to some carriers for under reporting of revenues. Further, stocks of companies involved in oil exploration & production activities came under pressure as global crude oil prices dropped. Global Market Overview Asian markets end lower on Friday Asian markets ended lower in a cautious trade on Friday, as investors awaited the all-important US jobs report due tonight for clues on the trajectory of US interest rates. A slump in oil prices overnight on concerns of a gasoline oversupply, worries about the level of non-performing loans at Chinese banks, another terror attack in Bangladesh and a horrifying snipper attack in Dallas, Texas, also weighed on investor sentiment. After the dismal May jobs report in which only 38,000 jobs were added, today's report is expected to show an increase of about 180,000 jobs in June. A strongerthan-expected report on the labor market following two straight months of disappointing job growth would restore investor confidence in the health of the world's largest economy. At the same time, a surprisingly weak reading in light of continued uncertainties surrounding Brexit might force the Federal Reserve to cut rates rather than increase them. Chinese shares fell, as a weak yuan spurred fears of more capital outflows and the focus returned to emerging risks from non-performing loans at China's banks. Investors shrugged off central bank data showing a surprise increase in June foreign exchange reserves. Japanese shares fell sharply, as investors contended with a stronger yen and disappointing readings on labor cash earnings as well as nominal wage growth. Also, Japan's current account surplus shrank for the first time in 22 months in May as a firming yen curbed gains from investment overseas. The Taiwanese market was closed due to Typhoon Nepartak, while the Indonesian market remained closed for Eid-ul-Fitr. US markets end sharply higher on better than expected jobs data US markets came out of slumber and surged on Friday to end near their best levels of the day, reacting to the closely watched monthly jobs report, the Labor Department in its report showed much stronger than expected job growth in the month of June. The non-farm payroll employment surged up by 287,000 jobs in June versus estimates for an increase of about 180,000 jobs. However, the Labor Department also said the uptick in jobs in May was downwardly revised to just 11,000 from the 38,000 originally reported. The report also said the unemployment rate rose to 4.9 percent in June from 4.7 percent in May, the increase primarily reflected a rebound in the number of people in the labor force. On the wage front, the Labor Department said average hourly employee earnings rose by $0.02 to $25.61 in June after rising by $0.06 in May.

3 Index Futures (OI in '000 Shares) Future Chg Spot Chg Prem / Total Open Interest 8-Jul (%) 8-Jul (%) Disc 8-Jul Chg (%) NIFTY 8, , , NIFTYIT 10, , BANKNIFTY 18, , , Increasing OI, Increasing Delivery Qty & Increasing Price in Stock Futures (Open Interest in '000 Shares) Symbol Total OI Del Qty Cash Market Prev Increase Spot Fut Spot Fut Prem / 8-Jul % Chg. 8-Jul % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc AJANTPHARM % 72,969 33% 38% 35, % 2.6% 10.6 PFC 10,038 13% 1,408,081 21% 42% 457, % 3.6% 0.7 STAR 1,026 4% 72,120 29% 28% 23, % 0.5% 0.7 RECLTD 31,539 4% 1,914,593 34% 30% 798, % 2.2% 1.0 HDIL 27,504 4% 2,705,725 17% 23% 520, % 2.8% 0.5 TATAELXSI 1,173 2% 92,418 26% 32% 21, % 1.2% -2.6 BAJFINANCE 508 2% 41,292 60% 58% 14, % 1.2% 18.7 LICHSGFIN 7,539 2% 1,878,216 45% 46% 1,319, % 2.4% 1.4 ALBK 12,810 2% 836,042 11% 14% 170, % 2.2% -0.2 COLPAL 2,262 1% 270,066 80% 60% 169, % 0.0% -2.4 Increasing OI, Increasing Delivery Qty & Decreasing Price, (Open Interest in '000 Shares) Symbol Total OI Del Qty Cash Market Prev Increase in Spot Fut Spot Fut Prem / 8-Jul % Chg. 8-Jul % Del. % Del. Del Qty (Rs.) (Rs.) Chg (%.) Chg (%.) Disc BPCL 8,709 25% 2,619,982 78% 69% 797, % -0.1% -7.5 UNIONBANK 14,608 12% 2,147,605 28% 20% 1,413, % -2.4% 0.8 BANKBARODA 43,680 8% 2,641,881 33% 19% 1,555, % -2.0% 1.0 JUSTDIAL 2,414 7% 195,035 21% 24% 71, % -2.1% -1.5 IOC 9,704 4% 1,029,301 55% 42% 146, % -1.1% 2.8 RCOM 123,690 3% 4,187,384 21% 18% 498, % -3.13% 0.3 DLF 35,185 2% 1,713,489 14% 20% 18, % -0.3% 1.0 TATAPOWER 32,328 2% 2,157,469 53% 57% 172, % -0.62% -0.9 PCJEWELLER 588 2% 74,728 30% 33% 22, % -4.3% 1.7 CROMPGREAV 18,432 2% 2,088,587 32% 27% 1,388, % -3.1% 0.2

4 Corporate News USFDA has conducted inspection at Lupin's Dabhasa facility from 29th June to 6th July At the end of the inspection two 483s were issued. Both the observations are minor in nature and corrective and preventive actions were shown to the inspectors during the inspection. The inspection has been classified as Voluntary Action Indicated (VAI). Alembic Pharmaceuticals has received Establishment Inspection Report (EIR) from US Food & Drug Administration (USFDA). The regulator had carried out the inspection at the Company's Karakhadi API Plant III in April, Cadila Healthcare has received an Establishment Inspection Report (EIR) from the USFDA for its Moraiya manufacturing facility. This receipt of EIR only indicates closure of the inspection points (483s) raised based on the inspection carried out between August 28, 2014 and September 05, Though this is a positive step towards the resolution of the warning letter issued by the USFDA, it does not in itself indicate resolution of the warning letter. The company is in constant follow up with the USFDA for resolution of the warning letter. DLF, a premier real estate company in India for over six decades, has reportedly shortlisted six potential buyers for 40% stake of the promoters in its rental arm DLF Cyber City Developers. The shortlisted funds have put in offers of Rs 12,000-13,000 crore for the stake. The company has shortlisted GIC, Blackstone, Warburg Pincus, Brookfield Asset Management, a consortium of Abu Dhabi Investment Authority (ADIA), Kotak Realty Fund and Qatar Investment Authority (QIA). Post this transaction, the company is planning to wipe out the debt in its development arm in a bid to de-risk its business model on the residential side. Sundaram Multi Pap has received an approval to raise funds up to an amount not exceeding Rs 30 crore. The board of directors at its meeting held on July 07, 2016 has approved for the same. Cox & Kings owned Meininger Hotels will open a hotel in close proximity to Leipzig's main station at the beginning of calendar The former ibis Hotel from the Accor Group will be converted in accordance with Meininger standards and will ultimately have 404 beds available in 126 rooms. The hotel is located in the centre of Leipzig and is the perfect starting point from which to explore the city. Numerous places of interest, such as the opera, the Gewandhaus concert hall and the publishing district are in the immediate vicinity of the hotel. There is also an enormous range of shops. UltraTech Cement, one of the largest cement manufacturers in India has bagged two coal linkages for its cement plants in Maharashtra. The company had participated in the auction of coal linkages for cement sector and won Penganga OC mines and Mana Incline mine in the State. The company has won the Penganga OC mine for a basic floor price of Rs 1510 and a premium of Rs 20 per tonne. The bid price for the Mana Incline mine was at a basic floor price of Rs 2060 per tonne. Further, the Company intends to participate in the future Linkage auctions for its plants located strategically near the coal mines. JSW Steel has reported highest ever quarterly crude steel production of 3.87 million tonnes (MT) for Q1 FY , with a growth of over 14% over the corresponding quarter (Q1 FY ) and 21% over sequential quarter (Q4 FY ). Pharma Major Lupin has received notification that the inspection carried out by the US FDA in July 2015 at its Goa facility is now closed and the agency has issued an Establishment Inspection Reports (EIR). However, the responses from the March 2016 US FDA inspection and updates thereafter are still under review by the agency. NTPC, India's largest power generating company has entered into an agreement with Artificial Limbs Manufacturing Corporation of India (ALIMCO) to benefit around 5000 Persons with Disability in the neighborhood of NTPC stations / projects over a period of three years starting ALIMCO shall provide NTPC technical support and carry out assessment studies for identifying the Persons with Disability beneficiaries, type of Aids and Assistive devices required for them. Procurement of these Aids and Assistive devices also distribution camps in the neighborhood of NTPC stations is also part of the agreement. ALIMCO will also extend support for training of rehab professionals engaged at Disability Rehabilitation Centres at some of the NTPC projects to update them about the new trends in Prosthetic and Orthotic fitment..

5 Reliance Industries (RIL) subsidiary - Reliance Jio Infocomm (RJIL), has issued Rs 2,000 crore of 5 year Non-Convertible Debentures (NCDs), bearing a coupon of 8.32% per annum, payable annually. The issue has been assigned a rating of AAA by CRISIL and ICRA. The proceeds of the issuance shall be utilized by RJIL for rolling out a state-of-the-art digital services business in India. Mahindra Holidays & Resorts India s (MHRIL) step-down subsidiary - Holiday Club Resorts Oy, Finland, has signed a Joint Venture (JV) agreement with City of Kuusamo, (JV partner) for establishment of Tropiikin Rantasauna Oy (JV Entity). Economy Brexit will make India-UK Free Trade Agreement easier: CII With Britain deciding to exit from the European Union (EU), the Indian industry body Confederation of Indian Industry (CII), which led its annual delegation to London this week to take stock of The Future of UK-India Economic Relations has said that Brexit opened up the possibility of new opportunities as a Free Trade Agreement (FTA) between India and the UK could be easier to accomplish at a bilateral level. CII said that there was political drive and willingness on both the sides and the Brexit will be the best era for Indian industries to collaborate. The industry body pointed that India had been negotiating a Free Trade Agreement with the EU for over nine years, but was stuck due to various issues. Now these issues will instantly go away between India and the UK and the agreement would be beneficial for both the sides. CII said that India-UK relations will sustain with or without Britain s relationship with the EU and will only thrive and prosper in the years ahead. CII further said that the both countries share a number of complementarities and there are lower sensitivities, entering into an FTA with Britain will now be faster than with the entire bloc. Sectors such as automobile will not be sensitive in an FTA with the UK as the UK is not into manufacturing of too many small cars. Similarly, products such as textile from India could gain easier access to the UK. Besides, there is lot of export opportunities for Indian companies in sectors including garments and textiles in Britain. Government may raise FDI cap in print media to 49% from 26% Government is considering the suggestion from the Department of Economic Affairs to raise the foreign direct investment (FDI) limit in newspapers and periodicals to 49% from 26% at present, the move is aimed at attracting more foreign funds. However, the final decision will be taken by the Department of Industrial Policy and Promotion (DIPP). Currently, the FDI policy permits 26% FDI in the publishing of newspapers and periodicals dealing with news and current affairs through government approval route. The Centre in November last had significantly relaxed the foreign investment regime. This was the second major reform in the FDI space. During , FDI into the country has increased by 29% to $ 40 billion from $ billion in the previous fiscal. Recently, the government has permitted 100% FDI in single brand retail, civil aviation, defence, airports, pharmaceuticals, food products and animal husbandry. India can achieve 50% growth in electricity production next year: Goyal Power Minister Piyush Goyal has said that the country can achieve as high as 50 percent growth in electricity production up to 1.65 trillion units next year, adding that the country has ability to double the power production given the infrastructure and generating capacity they have today. He said that now the country is making about 1.1 trillion units of electricity annually, which can go up to 1.65 next year. Piyush Goyal termed power shortages cited by the states as 'technical' arising out of mismanagement and added that very often states don't buy and show shortage so there is a mismatch between availability of power and capacity of states to purchase and distribute to last mile connectivity.

6 The minister further said that Rs 1.11 lakh crore would be pumped in for technological upgradation of power infrastructure through various schemes for rural and urban India. The government was trying to ensure 24x7 power supply to each household by 2019, three years ahead of the target set by Prime Minister Narendra Modi of providing power to the last household by In a bid to make electricity available to all, Goyal stated that government is planning to launch a scheme where consumers can pay for the new connection in monthly installments over a period of five years and will be able to avail the service on demand. Labour Minstery in favour of increasing EPFO's investment in ETFs Labour Ministry is in favour of retirement fund body Employees Provident Fund Organisation (EPFO) increasing its investments in the stock markets through Exchange Traded Funds (ETFs). The, Labour Minister Bandaru Dattatreya has said that We see the possibility of it increasing, but we want to discuss it with the Central Board of Trustees (CBT). I believe the investment in ETFs should rise. A meeting of EPFO s apex decision making body, CBT headed by the Labour Minister is scheduled on July 8, where the issue of increasing investments in ETFs is expected to be taken up. Dattatreya however reiterated that the government will take the issue of investments in the stock markets step by step and maintain a cautious approach. The issue will also be discussed with the CBT. Govt may extend deadline for black money holders to declare undisclosed income Considering the liquidity crunch around November, the government may extend the tax payment September 30 deadline and is discussing the period by which the compliance window to make the payment can be extended and also that taxpayers can pay tax and penalty in installments. As per the Budget announcement, the four-month compliance window under the Income Declaration Scheme 2016 had opened on June 1. The scheme allows domestic black money holders to declare their undisclosed income, pay a tax and penalty of 45%, and avoid prosecution. The scheme applies to both residents as well as non- residents, as both these categories could have taxable income that can be declared under the IDS. Recently, the Finance Minister Arun Jaitley met industry associations, CAs and tax professionals to understand their concerns around the compliance window. Various trade bodies too had asked for leniency in payment of taxes and sought extension of scheme to address the cash flow problem around November. Govt to promote farm mechanisation to boost farmer s income With an aim to boost farmer s income in the coming five years, Agriculture Minister Radha Mohan Singh has said that the government is promoting farm mechanisation in a big way under various programmes and has been setting up more testing and training centres across the country. The farm mechanization, a key for modernising agriculture sector is likely to bring down the cost of cultivation by up to 25 per cent and raise production by 20 per cent. Elaborating the mechanism, he said that there is a need to bring down the cost of cultivation, for which, use of innovative farm machineries is the need as alone raising support price of agri-crops will not sufficient. Stressing that farm machineries need to be promoted both in agriculture and allied sectors to address labour shortage, the minister said the states should take equal interest and spend allocated central funds for this purpose. Singh further said that with a focus on increasing the reach of farm machineries to small and marginal farmers, the government is implementing a sub-mission on agricultural mechanisation under which custom-hiring facilities for agri-machinery are set up.

7 Tech View CNX Nifty Technical View NA IMPORTANT LEVELS FOR THE DAY Support BSE NSE BANKNIFTY S1 26, S2 26, Resistance R1 27, R2 27, Pivot 27,152 8,321 18,002

8 Tech View PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 ACC GAIL ADANIENT GLENMARK ADANIPORTS GMRINFRA ADANIPOWER GODREJIND ALBK GRASIM AMBUJACEM HAVELLS ANDHRABANK HCLTECH APOLLOHOSP HDFC APOLLOTYRE HDFCBANK ARVIND HDIL ASHOKLEY HEROMOTOCO ASIANPAINT HEXAWARE AUROPHARMA HINDALCO AXISBANK HINDPETRO BAJAJ-AUTO HINDUNILVR BANKBARODA HINDZINC BANKINDIA IBREALEST BATAINDIA ICICIBANK BHARATFORG IDBI BHARTIARTL IDEA BHEL IDFC BIOCON IFCI BPCL IGL CAIRN INDIACEM CANBK INDUSINDBK CENTURYTEX INFY CESC IOB CIPLA IOC COALINDIA IRB COLPAL ITC CROMPGREAV JINDALSTEL DABUR JISLJALEQS DISHTV JPASSOCIAT DIVISLAB JPPOWER DLF JSWENERGY DRREDDY JSWSTEEL EXIDEIND JUBLFOOD FEDERALBNK JUSTDIAL

9 Tech View Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 KOTAKBANK TATACHEM KTKBANK TATACOMM L&TFH TATAGLOBAL LICHSGFIN TATAMOTORS LT TATAMTRDVR LUPIN TATAPOWER M&M TATASTEEL M&MFIN TCS MARUTI TECHM MCDOWELL-N TITAN MCLEODRUSS UBL MRF UCOBANK NHPC ULTRACEMCO NMDC UNIONBANK NTPC UNITECH OFSS UPL ONGC VOLTAS ORIENTBANK WIPRO PETRONET YESBANK PFC ZEEL PNB POWERGRID PTC RCOM RECLTD RELCAPITAL RELIANCE RELINFRA RPOWER SAIL SBIN SIEMENS SRTRANSFIN SUNPHARMA SUNTV SYNDIBANK

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