Institutional Research

November 18, 2016

Morning Report
Equity

Latest

% Chg

NSE Sect. Indices

Company

19087.85

(0.11)

6903.45

(0.36)

0.74

NIFTY FMCG

20154.00

0.14

0.13

NIFTY INFRA

2702.75

(0.31)

3205

-0.11

NIFTY AUTO

8915.60

(0.03)

18038

0.98

NIFTY ENERGY

9678.40

0.21

NIFTY PHARMA

10595.65

0.34

NIFTY IT

Sensex

26228

-0.27

NIFTY BANK

DowJones

18904

0.19

NIFTY 500

5334
22291

Hangseng
Shanghai
Nikkei

Nifty Gainers

(1.50)

-0.39

Nasdaq

% Chg

9496.20

8080

Nifty

Latest

Strait Times

2828

0.51

Kospi

1975

-0.30

Advances / Declines

BSE

NSE

Taiwan

8992

-0.03

Advances

943

535

FTSE

6795

0.67

Declines

1671

1089

CAC

4528

0.59

Unchanged

158

63

DAX

10686

0.20

Total

2772

1687

Market Sensor
Ashika Stock Broking Limited

US market rose on Thursday, putting the major indexes close to all-time

highs, as investors parsed through economic data and Federal Reserve Chair
Janet Yellen's testimony. Dow Jones Industrial Average was up 0.19% or
35.68 points at 18903.82 Nasdaq Composite was up 0.74% or 39.39 points
at 5333.97 Standard &Poor's 500 was up 0.47% or 10.18 points at 2187.12
Indian Equity market traded dull on Thursday and ended marginally lower, in
absence of any major trigger. Uncertainty over the impact of demonetisation
on economy and stalled parliament kept the participants at bay. Nifty ended
the previous day with a decline of 0.39% or 31.65 points at 8079.95. On
Thursdays trading session, FIIs sold net Rs.983.93 Cr in cash market and
bought Rs.243.91Cr in derivative segment. Whereas, DII bought net
Rs.1144.15 Cr in cash segment.

Price(Rs)

Chg(%)

TATAMOTORS

475.40

3.70

HINDALCO

168.60

3.56

TATAMTRDVR

299.00

2.17

POWERGRID

192.55

2.15

GAIL

435.10

1.59

Nifty Losers
Company

Price(Rs)

Chg(%)

AMBUJACEM

194.60

(3.78)

BHARTIARTL

298.55

(3.58)

ZEEL

462.10

(2.78)

TCS

2134.05

(2.54)

ACC

1307.10

(2.37)

Last Day
(Lakh)

Vol. Shockers

The U.S. economy is on track to grow at a 3.6 percent annualized pace in the
fourth quarter after data showed domestic housing starts hit a nine-year high
in October, the Atlanta Federal Reserve's GDP Now forecast model showed on
Thursday. (Reuters)
European Central Bank rate setters meeting last month agreed on the need
to maintain unprecedented monetary stimulus and to decide in December
whether to extend the ECB's 1.74 trillion euro asset buys, minutes of the
meeting showed on Thursday. (Reuters)
European Central Bank interest rates may be close to bottoming out but it is
still premature to talk about reducing economic stimulus given the risk of
acting too early, ECB Executive Board member Yves Mersch said on Thursday.
(Reuters)
The European Union reached agreement in the early hours of Thursday on
next year's budget, which will increase government spending to create more
jobs and address the migration crisis, but Italy abstained, a new sign of
Rome's tense relations with Brussels. (Reuters)

Vol. Ch.
(Times)

HCG

2.76

0.4

FAGBEARING

0.14

0.0

CYIENT

1.69

0.2

VRLLOG

4.41

0.7

PERSISTENT

1.29

0.2

Indian Forex

Closing

Chg

USD/INR

67.911

0.132

0.19

GBP/INR

84.318

(0.298)

(0.35)

EUR/INR

72.563

(0.280)

(0.38)

JPY/INR

62.100

(0.020)

(0.03)

Precious Metal

Global News

2 Wk
Avg.
(Lakh)

% Chg

Closing

Chg (Rs.)

Gold (Rs/10gm)

29530

161

Silver (Rs/1kg)

41320

80

Price

% Chg.

Commodities
Crude (US$/BBL)

44.9

(1.40)

Brent (US$/BBL)

46.0

(1.20)

1209.2

(1.47)

16.6

(2.30)

Copper (US$/MT)

5426.0

(0.60)

Alum (US$/MT)

1692.5

(1.54)

Zinc(US$/MT)

2494.0

(2.43)

Gold (US/oz)
Silver (US$/oz)

Cl. Values

% Chg.

ICICI Bank

ADR

7.82

1.43

HDFC Bank

64.85

(1.56)

Infosys

14.10

(0.07)

Vedanta Ltd

12.54

2.87

Dr. Deddy's Labs

47.05

0.58

9.28

(0.85)

34.22

1.12

Wipro
Tata Motors

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research

GBP-USD

1.2395

(0.0027)

(0.22)

USD-JPY

110.71

0.5900

0.54

Bond Markets

3.90 bps

Interbank call

6.03

-1.93 bps

West Bengal Chief Minister Mamata Banerjee and hisDelhi counterpart

Arvind Kejriwal on Thursday asked the government to scrap the
demonetisation decision in three days or face a revolt.

Domestic News
Edelweiss Financial Services Limited has entered into a Share Sale &
Purchase Agreement with Inditrade Business Consultants Limited
(Buyer/IBCL), for sale of its wholly owned subsidiary namely Edel
Commodities Trading Limited (ECTL) for a deal size of minimum of Rs. 130
million receivable in cash and shares.

Institutional Activity (Last 5 trading

Sessions)

Rs.Cr
3000

294
1,116
639
65

1000

2,344
1,144

2000

-1000
-2000

-105

-3000

FII/FPI

DII

Market Turnover - last 5 Trading Rs.Cr

Sessions
35,000
800,000
30,000
600,000
25,000
20,000
400,000
15,000
10,000
200,000
5,000
0
0
Rs.Cr

NSE Cash

BSE Cash

17-Nov-16

With the amount of physical cash left with people running dangerously
low, the Commerce Ministry has stepped up its efforts to draw more
visitors to the India International Trade Fair, opening to the public on
Saturday.

Chg

6.69

Over Rs 3,900 crore was collected as Swachh Bharat Cess (SBC) in the
last financial year, the Rajya Sabhawas informed .
India's current account deficit is expected to stay comfortable at $10.1
billion in this financial year, largely on account of likely demand
moderation post thedemonetisation move, says a Citigroup report.

Closing

10-yr bond

10-Nov-16

Ashika Stock Broking Limited

Iran overtook political rival Saudi Arabia as India's top oilsupplier in

October, shipping data showed, just ahead of a producers' meeting this
month to hammer out the details on output cuts aimed at reining in a
global glut.

(0.00)

16-Nov-16

Union Finance Minister Arun Jaitley on Thursday said there is no dearth

of cash due to demonetisation, and banks are being supplied adequate
currency by the Reserve Bank ofIndia (RBI). He expressed regret at the
political opposition over the move but ruled out a rollback.

(0.0026)

15-Nov-16

The government on Thursday extended the date for toll fee exemption
on National Highways till the midnight of November 24 to ensure
smooth flow of traffic.

% Chg

1.0597

11-Nov-16

Madhya Pradesh government has sought financial assistance of Rs 1,200

crore from World Bank to revive barren lands of Chambal which were
once infested with dreaded dacoits.

Chg

EUR-USD

87

Government on Thursday said it has approved 12 highway projects

worth Rs 6,067.9 crore in eight states includingUttar Pradesh and West
Bengal.

Global Forex Closing

-2,095
-733
-1,493
-2,354
-1,957
-984

In a move that may give some relief to the currency crunch of common
man, oil marketing companies in tie up with State Bank of India (SBI) has
decided that by swiping debit cards at 2,500 fuel retail outlets across
the country, people will be able to withdraw Rs 2,000 per day from
November 24.

8-Nov-16
9-Nov-16
10-Nov-16
11-Nov-16
15-Nov-16
16-Nov-16
17-Nov-16
8-Nov-16
9-Nov-16
10-Nov-16
11-Nov-16
15-Nov-16
16-Nov-16
17-Nov-16

Economic News

NSE F&O(RHS)

Reliance Industries Limited and GE announced the signing of a global

partnership agreement in the Industrial IOT (IIOT) space whereby RIL and
GE will work together to build out joint applications on GEs Predix
platform.
CPL Biologicals Pvt. Ltd, a joint-venture biotechnology company of
Cadila Pharmaceuticals Ltd, India and Novavax Inc., USA, has become the
first company in India to indigenously develop Cadiflu-S, a vaccine for
Seasonal Influenza.
Career Point acquired remaining 40% stake in Gyan Eduventure, which
now becomes the wholly-owned subsidiary of the company.
1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research
Repo & Rev.Repo (%)

10

Pratibha Industries receives a contract for a water treatment

plant in Nepal worth Rs 97.8 crore. The company has won orders
worth Rs 609 crore in recent times.

Bharat Forge Board meet to consider & approve acquisition of

co based out of North America engaged in automotive and
industrial forgings via wholly owned subsidiary, Bharat Forge
America USA

4-Mar-15

Oct-15

Jan-16

17-Apr-12
Jul-15

20-Sep-13

2-Nov-10

16-Jun-11

Jan-15

5-Jan-09

Apr-15

Oct-14

Jul-14

Apr-14

Jan-14

Oct-13

Jul-13

Jan-13

Apr-13

Manufacturing

Electricity

General

9.0

CPI Inflation - Combined (Base - 2012)

8.0
7.0
6.0
5.0
4.0

Apr-16

Jan-16

Oct-15

Jul-15

Apr-15

Jan-15

Jul-14

Jan-14

Apr-14

3.0

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Jan-16

Jul-15

Jan-15

Jul-14

Jan-14

Jul-13

Jan-13

Jul-12

Jan-12

Jul-11

Jul-10

Jan-11

Jan-10

Jul-09

Jul-08

Jan-09

Mining

10 Years G-Sec Yield (%) (Month-wise)

10.0
9.5
9.0
8.5
8.0
7.5
7.0
6.5
6.0
5.5
5.0
Jan-08

4
8-Apr-00
29-Jul-00
24-Feb-01
19-May-01
29-Dec-01
16-Nov-02
18-Sep-04
23-Dec-06
17-Feb-07
14-Apr-07
4-Aug-07
26-Apr-08
24-May-08
19-Jul-08
11-Oct-08
8-Nov-08
13-Feb-10
24-Apr-10
10-Mar-12
3-Nov-12

Ashika Stock Broking Limited

-10%

HealthCare Global Enterprises has proposed to merge DKR

Healthcare Private Limited, a subsidiary of BACC Health Care
Private Limited, with BACC Health Care Private Limited, being
subsidiaries of the Company.

20-Apr-10

-5%

Drug major Lupin said its US arm Gavis has received approval
from the US health regulator to market hydrocodone bitartrate and
acetaminophen tablets, a pain relieving drug, in the American
market.

30-Jul-08

0%

A month after suspending operations at its Bicholim iron ore

mine in Goa due to labour unrest, mining conglomerate Vedanta on
Thursday said it has 'revoked the suspension order' with
immediate effect.

31-Jan-07

5%

India software revenue is forecast to total $5.8 billion in 2017, a

12.8% increase from 2016 estimates of $5.2 billion, according to
Gartner, Inc.

24-Jan-06

10%

IL&FS Engineering JV between two companies emerges as the

lowest bidder for two road projects in Madhya Pradesh.

IIP (YoY)

15%

Inox Wind wins repeat order from Roha Dyechem for 40 MW

wind power project to be deployed in Gujarat.

Cash Reserve Ratio (CRR) (%)

3-Mar-03

20%

IIFL Holdings, NBFC subsidiary India Infoline Finance Ltd.,

proposed to acquire 100 percent stake of Samasta Microfinance
Ltd., an NBFC registered with the RBI based in Bengaluru.

10

31-Mar-04

27-Apr-01

Reliance Communications transfers its subsidiarys ethernet

business division to a newly formed company Onyx NewCo LL.
Onyx NewCo LL was sold to GTT Americas LLC for $28 million
receivable in two installments.

28-Mar-02

Zensar Technologies launches intelligence managed service

platform The Vinci.

Punj Lloyd wholly-owned subsidiary executed definitive

agreements with India Power Green Utility Pvt. Ltd. (IPGUPL) to codevelop 30 MW of solar assets in Uttarakhand.

Repo Rate (%)

Reverse Repo Rate (%)

Oct-14

Domestic News (Cont...)

Institutional Research

Bulk Deal - NSE

Date

Security Name

Client Name

Buy/Sell Traded Qty.

Price

17-Nov-16Delta Corp Limited

RARE ENTERPRISES

BUY

1250000

106.5

17-Nov-16Sunil Hitech Engr Ltd

SIRWANI RAJANI MANOHARLAL

SELL

185641

247.2

17-Nov-16Vardhman Polytex Limited

RLG ONLINE SOLUTIONS LLP

BUY

177028

82.9

17-Nov-16Burnpur Cement Limited

EPOCH MERCANTILES PVT LTD

BUY

1574136

9.3

17-Nov-16Agro Phos India Limited

RAJ KUMAR SACHDEVA

BUY

144000

23.4

Bulk Deal - BSE

Date

Security Name

Client Name

Buy/Sell

Traded Qty.

Price

17-Nov-16 PROFINC

LTS INVESTMENT FUND LTD

105,000

135.3

17-Nov-16 ARYAMAN

BELL INDUS FIBRECOM PRIVATE LIMITED

200,000

22.8

17-Nov-16 SBTL

APMS INVESTMENT FUND LIMITED

470,400

7.2

17-Nov-16 SAL

THAR COMMERCIAL FINANCE PRIVATE LIMITED

123,000

20.5

17-Nov-16 BRONZE

MAHESHBHAI N PURABIA

53,709

42.4

Ashika Stock Broking Limited

Corporate Actions
Scrip Code

Scrip Name

Ex-Date

Purpose

Record Date

502420

ORIENTPPR

18-Nov-16

Right Issue of Equity Shares

21-Nov-16

505714

GABRIEL

21-Nov-16

Interim Dividend - Rs. - 0.4500

22-Nov-16

514428

HINDADH

21-Nov-16

Interim Dividend - Rs. - 1.0000

22-Nov-16

540115

LTTS

21-Nov-16

Interim Dividend - Rs. - 3.0000

22-Nov-16

532906

MAANALU

21-Nov-16

Interim Dividend - Rs. - 1.0000

22-Nov-16

522249

MAYURUNIQ

21-Nov-16

Interim Dividend - Rs. - 0.2500

22-Nov-16

536954

BSLFTPIXDG

22-Nov-16

Redemption of Mutual Fund

23-Nov-16

536955

BSLFTPIXDN

22-Nov-16

Redemption of Mutual Fund

23-Nov-16

536951

BSLFTPIXRG

22-Nov-16

Redemption of Mutual Fund

23-Nov-16

536952

BSLFTPIXRN

22-Nov-16

Redemption of Mutual Fund

23-Nov-16

536953

BSLFTPIXRQ

22-Nov-16

Redemption of Mutual Fund

23-Nov-16

507815

GILLETTE

22-Nov-16

Dividend - Rs. - 20.0000

532859

HGS

22-Nov-16

Interim Dividend - Rs. - 2.5000

23-Nov-16

520051

JAMNAAUTO

22-Nov-16

Interim Dividend - Rs. - 1.5000

23-Nov-16

531213

MANAPPURAM

22-Nov-16

Interim Dividend - Rs. - 0.5000

23-Nov-16

539523

ALKEM

23-Nov-16

Interim Dividend - Rs. - 6.0000

24-Nov-16

531795

ATULAUTO

23-Nov-16

Interim Dividend - Rs. - 2.7500

24-Nov-16

540073

BLS

23-Nov-16

Interim Dividend - Rs. - 0.5000

24-Nov-16

536879

D12MS126DG

23-Nov-16

Redemption of Mutual Fund

24-Nov-16

536881

D12MS126DQ

23-Nov-16

Redemption of Mutual Fund

24-Nov-16

536880

D12MS126DR

23-Nov-16

Redemption of Mutual Fund

24-Nov-16

536876

D12MS126RG

23-Nov-16

Redemption of Mutual Fund

24-Nov-16

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research

Global Economic Calendar

Date

Curr.

Event

Actual

Forecast

Previous

Ashika Stock Broking Limited

14-Nov-16 JPY

GDP (YoY) (Q3)

0.90%

0.70%

14-Nov-16 CNY

Industrial Production (YoY) (Oct)

6.20%

6.10%

14-Nov-16 EUR

Industrial Production (YoY) (Sep)

1.00%

1.80%

15-Nov-16 GBP

CPI (YoY) (Oct)

1.10%

1.00%

15-Nov-16 GBP

PPI Input (YoY) (Oct)

9.60%

7.20%

15-Nov-16 GBP

PPI Output (YoY) (Oct)

1.70%

1.20%

15-Nov-16 GBP

RPI (YoY) (Oct)

2.20%

2.00%

15-Nov-16 EUR

GDP (YoY) (Q3)

1.60%

15-Nov-16 EUR

Trade Balance (Sep)

15-Nov-16 USD

Export Price Index (MoM) (Oct)

0.20%

0.30%

15-Nov-16 USD

Import Price Index (MoM) (Oct)

0.40%

0.10%

15-Nov-16 USD

NY Empire State Manufacturing Index (Nov)

-3

-6.8

15-Nov-16 USD

Retail Sales (MoM) (Oct)

0.50%

0.60%

15-Nov-16 USD

Business Inventories (MoM) (Sep)

0.10%

0.20%

16-Nov-16 GBP

Unemployment Rate (Sep)

4.90%

4.90%

16-Nov-16 USD

MBA 30-Year Mortgage Rate

16-Nov-16 USD

PPI (MoM) (Oct)

0.30%

0.30%

16-Nov-16 USD

Industrial Production (MoM) (Oct)

0.20%

0.10%

16-Nov-16 USD

Manufacturing Production (MoM) (Oct)

0.30%

0.20%

17-Nov-16 USD

TIC Net Long-Term Transactions (Sep)

17-Nov-16 GBP

Retail Sales (YoY) (Oct)

5.30%

4.10%

17-Nov-16 EUR

CPI (YoY) (Oct)

0.50%

0.50%

17-Nov-16 USD

Building Permits (Oct)

17-Nov-16 USD

CPI (MoM) (Oct)

17-Nov-16 USD

Housing Starts (Oct)

17-Nov-16 USD

Philadelphia Fed Manufacturing Index (Nov)

18-Nov-16 EUR

Current Account n.s.a. (Sep)

18-Nov-16 USD

CB Leading Index (MoM) (Oct)

1.60%
18.4B

3.77%

48.3B

1.198M

1.225M
0.40%

1.155M

0.30%
1.047M

9.7
23.6B

0.10%

0.20%

Indian Economic Calendar

Date

Curr.

Event

Actual

Forecast

Previous

15-Nov-16 INR

WPI Inflation (YoY) (Oct)

3.75%

3.57%

15-Nov-16 INR

CPI (YoY) (Oct)

4.20%

4.31%

5
1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research

signed by
BOTHRA Digitally
BOTHRA PARAS
2016.11.18
PARAS Date:
08:51:25 +05'30'

Research Team

Ashika Stock Broking Limited

Name

Designation

Email ID

Contact No.

Paras Bothra

President Equity Research

paras@ashikagroup.com

+91 22 6611 1704

Krishna Kumar Agarwal

Equity Research Analyst

krishna.a@ashikagroup.com

+91 33 4036 0646

Partha Mazumder

Equity Research Analyst

partha.m@ashikagroup.com

+91 33 4036 0647

Arijit Malakar

Equity Research Analyst

amalakar@ashikagroup.com

+91 33 4036 0644

Chanchal Bachhawat

Equity Research Analyst

chanchal.bachhawat @ashikagroup.com

+91 22 6611 1712

Tirthankar Das

Technical & Derivative Analyst

tirthankar.d@ashikagroup.com

+91 33 4036 0645

SEBI Registration No. INH000000206

Disclosure
The Research Analysts and /or Ashika Stock Broking Limited do hereby certify that all the views expressed in this research report accurately reflect their
views about the subject issuer(s) or securities. Moreover, they also certify the followings: The Research Analyst or Ashika Stock Broking Limited or his/its Associates or his/its relative, has any financial interest in the subject company (ies)
covered in this report. Yes
The Research Analyst or Ashika Stock Broking Limited or his/its Associates or his/its relative, have actual/beneficial ownership of 1% or more in the
subject company, at the end of the month immediately preceding the date of the publication of the research report. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates or his/its relatives has any material conflict of interest at the time of
publication of the research report. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates have received compensation for investment banking or merchant banking or
brokerage services or for product other than for investment banking or merchant banking or brokerage services from the companies covered in this
report in the past 12 months. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates have managed or co managed in the previous 12 months any private or
public offering of securities for the company (ies) covered in this report. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates have received any compensation or other benefits from the company (ies)
covered in this report or any third party in connection with the Research Report. No
The Research Analyst has served as an officer, director or employee of the company (ies) covered in the research report. No
The Research Analyst or Ashika Stock Broking Limited has been engaged in Market making activity of the company (ies) covered in the research report.
No
Disclaimer
This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Ashika
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information and should not be reproduced or redistributed to any other person in any form. The report is based upon information that we consider reliable,
but we do not represent that it is accurate or complete, and it should not be relied upon such. Ashika Stock Broking Ltd. or any of its affiliates or employees
shall not be in anyway responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this
report. Ashika Stock Broking Ltd., or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding
any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and noninfringement. The recipients of this report should rely on their own investigations.

6
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