MARKET Diary

15-May-17

Nifty Intraday Chart Market

KEY LEVELS
Market Value % Change
Support 1 : 9372
Morning Traded Market
Support 2 : 9316
SGX NIFTY 9,450.00 0.34%
Resistance 1: 9436
Resistance2: 9460
NIKKIE 19769 -0.58%
HANG SENG 25,233.31 0.31%
Yesterday Closing Market
Sensex 30,188.15 -0.21%
Nifty 9,400.90 -0.23%
Market Outlook DOW 20,896.10 -0.11%
Event Today After opening with a flat session, Nifty continuously NASDAQ 6,121.23 0.09%
rose to make a weekly high of 9450.65 on Thursday.
Result CAC 5,405.42 0.41%
However it was unable to maintain at higher level
BALKRISHNA , BATAINDIA and some correction was witnessed to 9372 on DAX 12,770.41 0.46%
CHENNPETRO , COLPAL Friday. At last it ended the week with a net gain of
1.24% over the previous weeks close. It had a net
FTSE 7,435.39 0.66%
GABRIEL , HONDAPOWER gain of 0.16% over the previous days close. The EW ALL SHARE 17,364.66 -0.39%
JKTYRE , KAJARIACER midcap and small cap indices also moved in line % Change in 1 day
SOUTHBANK , VEDL with the benchmark index and closed the week in Commodity Price ( Yesterday Closing )
green.
VOLTAMP Commodity/Currencies Value % Change
On the sectoral front, the buying was witnessed
Concall across the board. Realty, Metal, FMCG, Media and GOLD 28055.00 0.00%
Siemens : 10:00 AM Information Technology stocks were the main SILVER 38155.00 0.43%
Lumax Inds : 10:00 AM catalyst to close the market higher.
CRUDEOIL 50.81 -0.10%
Nifty range for May series continue to be 9300-
Idea : 2:30 PM NATURALGAS 219.70 0.87%
9500. At these two strikes open interest is now 70.0
Suven Life Scie : 3:00 PM lakh + contracts. Flag pattern developing on Nifty DOLLAR/RS. 64.31 -0.10%
Borosil Glass : 3:00 PM price chart since 17th March continue to put EURO/RS. 69.94 -0.02%
Colgate : 4:00 PM resistance on the upside. Nifty spent considerable -0.40%
POUND/RS. 82.64
time on the resistance line during last two trading
Quick Heal : 4:00 PM % Change in 1 day
session but lack of volume did not allow Nifty to
Skipper Ltd : 5:00 PM Institutional Turnover
break above the line. During last 2 trading session
Karnataka Bk : 5:00 PM Nifty Mid Cap and Nifty Small Cap has shown FII
Vaibhav Global : 5:00 PM weakness on Chart. Negative Divergence too has Investor Buy(Cr.) Sale(Cr.) Net(Cr.)
Vedanta Limited : 6:00 PM started building up in these two indices. Nifty Small 12-May-17 4759 3918 842
cap index will confirm divergence, if Nifty Small Cap
index falls below 7326 (presently 7561). Nifty Mid May-17 76435 77484 (1049)
Cap index will confirm divergence if it falls below 2017 76435 77484 (1049)
17836 (presently 18240)
Recent CPI numbers again raises hopes of rate cut
camp. Recent changes in GDP computation and DII
now in IIP further de-links corporate earnings from Investor Buy(Cr.) Sale(Cr.) Net(Cr.)
macro numbers in the short term. In terms of 12-May-17 2484 3195 (711)
macro, May 18th & 19th should prove important
May-17 49775 45264 4511
dates for the market particularly for small and
macro cap stocks. Item-wise GST rate is expected to 2017 49775 45264 4511
be announced post next set of meetings of GST
council 19th May.
Quote of the Day : "Develop into a lifelong self-learner through voracious reading; cultivate curiosity and
strive to become a little wiser every day." Charlie Munger

Narnolia Securities Ltd

IEA Snapshot

GLENMARK "NEUTRAL" 15th May 2017

Due to drug price regulation by US government, US business of company is severely impacted in Q4FY17. Drug price corrected by 15% and
it is expected to correct more going forward considering US government drug price regulation policies. Mgt. has indicated Zetia sales
improvement going forward but we expect that it would not be easy considering current scenario. Management has guided for new
products launch in the US market in FY18E but we need to wait to get clear visibility on it. We expect ROE to maintain at the level of 22% in
FY18E. Currently, the stock is trading at 4x FY19E P/BV. Considering the near-term un-certainties, we maintain Neutral rating in this stock
while revising our previous target price to Rs. 830

HEROMOTOCORP "NEUTRAL" 12th May 2017

Hero Motocorp is the market leader in the entry segment motorcycle and commands over 50% market share in that segment. The company
has lost 4-5 percent market share in FY17 to Honda Motorcycle, which has grown fiercely in the Indian two wheeler market. Rising
commodity prices and transition from BS-III to BS-IV restricted the company to expand its profitability. The management has stated that the
margins will be under pressure as the full impact of increased commodity prices has not been factored yet. Higher depreciation on Halol
plant will lead to further contraction in profitability as the plants will take at least 6-8 months to ramp up. The uncertainty regarding tax
structure under GST will also keep automobile industry outlook hazy. We expect 320bps deterioration in FY19E RoE. Considering the margin
contraction and uncertainty regarding GST we reduce our target from Rs.3800 to Rs.3575 and change our rating from BUY to NEUTRAL.

*For details, refer to our daily report- India Equity Analytics

Top News
DRREDDY Concall update:
Higher Pricing pressure in US market impacted revenue in
Q4FY17 and it will remain in FY18.
Remediation process at Visakhapatnam facility is ongoing, it
will take further few months.
Management expects 10+ launches in FY18E.
Effective tax rate guidance for FY18E is 23-25%
Business from the Russia and Europe market is gaining
traction and expected to improve revenue on the back of new
launches.
GSK Q4FY17 Result concall Highlights:
Future outlook: positive, improve growth by innovation and
new product launch
GST: will be disruptive, lead to de-stocking. Company is ready
to minimize the effect.
The company will increase price according to RM inflation.
Will increase price more than RM inflation.
Expects double digit sales growth in FY18.
Currently wholesale is 30% of total distribution which keeps 1-
2 days of inventory.
GST: currently paying (Excise+VAT):24%.
Capex: Rs 600cr for next 3years.
Jindal Steel and Power Plant's (JSPL) six million tonne per
annum (mtpa) steel plant in Odisha's Angul would be
commissioned by the end of May
The sinter plant has already been commissioned and the blast
furnace is likely to be commissioned by next week.
Varun beverages Q1CY17 Result Concall Highlights:
Volume impacted in this quarter due to extended winter.
India volume remained 2% in Q1CY17.
April sale is strong than previous year. Expects momentum to continue for
next 2 months.
Raised Rs 300 cr through NCD in Q1CY17 which has coupon rate 7.7%.
GST: Logistics cost will go down by approx. 15-20% due to GST. Logistics
cost is 6% of sales of the company.
Cost of Borrowing came down from approx. 10% to 8.4% in current
calendar year.
Product Launch: Last year launched Nimbu masala soda which is doing
fine.This quarter launched Pepesi Black Zero Calories. Plan to launch more
zero calories beverages in three months.
Aquafina: 20-30% growth is sustainable.
Havells Mgt Guideline : Havells India would exit from the global
market by selling remaining 20 percent stake in its European lighting
business Sylvania to China's Feilo Acoustics for 34.5 million euros (Rs
241.94 crore). The stake sale money to come in 3-6 months. Company has
healthy cash balance on the balance sheet even after paying for the
acquisition of Lloyd. There is also a fresh debt figure in your books of Rs
150 crore . The price hike ranges between 2-4 percent.
DHFL aims 20 per cent growth in loan book and AUM to cross Rs 1 lakh
crore in the current fiscal. Company is looking at 18-20 per cent growth in
our business in 2017-18. Company ended with Rs 28,000 crore
incremental lending. Incremental lending will be in line with last year

Narnolia Securities Ltd

 F&O OPEN INTEREST ( Number of Contracts )
Individual Foreign Institutions

MARKET MOVERS (1 MONTH CHANGE)

Nifty Movers NSE Sectoral Indices Performance

TRADING IDEAS

Scrip Reco Initiation Price Target 1 Target 2 Stop Loss Rational

After correcting since last few days, the

stock has made a hammer pattern on daily
OIL Buy 318.8 327 336 309
chart. Some pullback rally is expected from
the current level

Short
Huge amount of call writing was witnessed
Nifty May 9500 (1 Lot
28.55 8 1 25 at Nifty 9500 call option. In the current
CE =75) expiry Nifty is unlikely to breach above 9500

Narnolia Securities Ltd

 Result Calendar Q4FY17
BSE Code Company Name Date BSE Code Company Name Date
533029 ALKALI 15-May-17 539584 SIPTL 15-May-17
532633 ALLSEC 15-May-17 538562 SKIPPER 15-May-17
507525 AMRITCORP 15-May-17 505650 SKYLMILAR 15-May-17
533068 ARROWTEX 15-May-17 532218 SOUTHBANK 15-May-17
532759 ATLANTA 15-May-17 518053 SRICC 15-May-17
539251 BALKRISHNA 15-May-17 521236 SROGNGM 15-May-17
500043 BATAINDIA 15-May-17 530821 SSPDL 15-May-17
539399 BELLACASA 15-May-17 517403 SUNSOUI 15-May-17
523019 BNRSEC 15-May-17 532746 UNITY 15-May-17
500110 CHENNPETRO 15-May-17 532156 VAIBHAVGBL 15-May-17
500830 COLPAL 15-May-17 522015 VCCLLTD 15-May-17
534674 DUCON 15-May-17 500295 VEDL 15-May-17
533264 ESL 15-May-17 503657 VEERENRGY 15-May-17
507910 FIBERWEB 15-May-17 517015 VINDHYATEL 15-May-17
536507 FLFL 15-May-17 532757 VOLTAMP 15-May-17
505714 GABRIEL 15-May-17 539097 YOGYA 15-May-17
533282 GRAVITA 15-May-17 523411 ADCINDIA 16-May-17
508918 GREYCELLS 15-May-17 590006 AMRUTANJAN 16-May-17
506858 GUJPETR 15-May-17 532418 ANDHRABANK 16-May-17
523277 GVFILM 15-May-17 511724 BALFC 16-May-17
515145 HINDNATGLS 15-May-17 522004 BATLIBOI 16-May-17
524013 HINFLUR 15-May-17 500060 BIRLACABLE 16-May-17
522064 HONDAPOWER 15-May-17 506197 BLISSGVS 16-May-17
539984 HUIL 15-May-17 533260 CAREERP 16-May-17
521016 ICIL 15-May-17 534804 CARERATING 16-May-17
533402 INNOIND 15-May-17 523608 CHOKGLB 16-May-17
530921 INTETHR 15-May-17 523246 CHOKINT 16-May-17
530007 JKTYRE 15-May-17 530067 CSLFINANCE 16-May-17
523712 JMGCORP 15-May-17 530825 DAIKAFFI 16-May-17
505750 JOSTS 15-May-17 532180 DHANBANK 16-May-17
539597 JSLHISAR 15-May-17 532526 DISHMAN 16-May-17
534623 JUPITERIN 15-May-17 507917 EASTBUILD 16-May-17
500233 KAJARIACER 15-May-17 533208 EMAMIPAP 16-May-17
539788 KDML 15-May-17 513108 GANDHITUBE 16-May-17
507948 KEYCORP 15-May-17 539449 IGC 16-May-17
532796 LUMAXTECH 15-May-17 500201 INDIAGLYCO 16-May-17
511000 MADHUSE 15-May-17 500211 INSILCO 16-May-17
512337 MAHSHRE 15-May-17 511618 JIKIND 16-May-17
532621 MORARJEE 15-May-17 532162 JKPAPER 16-May-17
530219 NUTRICIRCLE 15-May-17 522263 JMCPROJECT 16-May-17
530175 ODYSSEY 15-May-17 524109 KABRAEXTRU 16-May-17
533581 PGEL 15-May-17 512399 KAPASHI 16-May-17
507966 RASRESOR 15-May-17 524444 KAVITIND 16-May-17
590056 SALONACOT 15-May-17 539686 KPEL 16-May-17
531893 SAWABUSI 15-May-17 500266 MAHSCOOTER 16-May-17
523449 SHARP 15-May-17 500268 MANALIPETC 16-May-17
516016 SHREYANIND 15-May-17 532539 MINDAIND 16-May-17
530435 NOESISIND 16-May-17 511128 GALAXCP 17-May-17
532481 NOIDATOLL 16-May-17 500174 GLFL 17-May-17
523670 NOIMC 16-May-17 533263 GREENPOWER 17-May-17
531465 NOUVEAU 16-May-17 524238 GUJINJEC 17-May-17
532466 OFSS 16-May-17 500696 HINDUNILVR 17-May-17
502420 ORIENTPPR 16-May-17 530055 HRMNYCP 17-May-17
526435 PERFEPA 16-May-17 507438 IFBAGRO 17-May-17
523642 PIIND 16-May-17 532717 INDOTECH 17-May-17
532461 PNB 16-May-17 500380 JKLAKSHMI 17-May-17
523628 PODDAR 16-May-17 500228 JSWSTEEL 17-May-17
533295 PSB 16-May-17 500241 KIRLOSBROS 17-May-17
539978 QUESS 16-May-17 515093 MADHAV 17-May-17
517522 RAJGLOWIR 16-May-17 506261 MODISNME 17-May-17
515127 RAMMA 16-May-17 500109 MRPL 17-May-17
507300 RAVALSUGAR 16-May-17 501477 MULLER 17-May-17
500365 RMGALLOY 16-May-17 500304 NIITLTD 17-May-17
534618 SAL 16-May-17 521105 OLYMPTX 17-May-17
532455 SHALIWIR 16-May-17 513511 PANCHMAHQ 17-May-17
500387 SHREECEM 16-May-17 517119 PCS 17-May-17
530017 SIL 16-May-17 509077 PRESSMN 17-May-17
532784 SOBHA 16-May-17 520111 RATNAMANI 17-May-17
514211 SUMEETINDS 16-May-17 503169 RUBYMILLS 17-May-17
517385 SYMPHONY 16-May-17 530267 SABOOBR 17-May-17
519091 TASTYBIT 16-May-17 539334 SHREEPUSHK 17-May-17
500470 TATASTEEL 16-May-17 533014 SICAGEN 17-May-17
532284 TCFCFINQ 16-May-17 532419 SMARTLINK 17-May-17
532349 TCI 16-May-17 538635 SNOWMAN 17-May-17
533393 TCIDEVELOP 16-May-17 536799 SRSFIN 17-May-17
523301 TCPLPACK 16-May-17 532390 TAJGVK 17-May-17
500777 TNPETRO 16-May-17 511730 TRCFIN 17-May-17
517562 TRIGYN 16-May-17 506808 TUTIALKA 17-May-17
500439 VHL 16-May-17 512307 TYPHOON 17-May-17
500238 WHIRLPOOL 16-May-17 532478 UBL 17-May-17
532404 7TEC 17-May-17 539141 UFO 17-May-17
526711 ADARSHPL 17-May-17 524129 VINYLINDIA 17-May-17
532480 ALBK 17-May-17 526921 21STCENMGM 18-May-17
532978 BAJAJFINSV 17-May-17 524348 AARTIDRUGS 18-May-17
500034 BAJFINANCE 17-May-17 500303 ABIRLANUVO 18-May-17
540061 BIGBLOC 17-May-17 539661 ACEMEN 18-May-17
509470 BOMOXY-B1 17-May-17 500710 AKZOINDIA 18-May-17
508814 COSMOFILMS 17-May-17 531581 ALKADIA 18-May-17
540047 DBL 17-May-17 506767 ALKYLAMINE 18-May-17
504286 DELTAMAGNT 17-May-17 513117 AMFORG 18-May-17
530959 DIANATEA 17-May-17 506074 ARSHIYA 18-May-17
522261 DOLPHINOFF 17-May-17 524594 ASHOKALC 18-May-17
504908 DUNCANENG 17-May-17 505010 AUTOAXLES 18-May-17
532922 EDELWEISS 17-May-17 532977 BAJAJ-AUTO 18-May-17
530023 FORTUNEF 17-May-17 500490 BAJAJHLDNG 18-May-17
532134 BANKBARODA 18-May-17 505729 SINGER 18-May-17
509449 BHAGWOX 18-May-17 512589 SITAENT 18-May-17
512296 BHAGYNAGAR 18-May-17 532531 STAR 18-May-17
500069 BNKCAP 18-May-17 537253 SUNLOC 18-May-17
538546 BRPL 18-May-17 533298 SURANASOL 18-May-17
500084 CESC 18-May-17 517530 SURANAT&P 18-May-17
505230 CIMMCO 18-May-17 532782 SUTLEJTEX 18-May-17
512018 CNIRESLTD 18-May-17 532890 TAKE 18-May-17
513353 COCHINM 18-May-17 533170 TAMBOLI 18-May-17
539436 COFFEEDAY 18-May-17 522229 TANAA 18-May-17
500480 CUMMINSIND 18-May-17 532790 TANLA 18-May-17
523736 DPL 18-May-17 532301 TATACOFFEE 18-May-17
532610 DWARKESH 18-May-17 533553 TDPOWERSYS 18-May-17
500125 EIDPARRY 18-May-17 539658 TEAMLEASE 18-May-17
523708 EIMCOELECO 18-May-17 509917 TECHCON 18-May-17
524564 GAYATRIBI 18-May-17 539428 TEJNAKSH 18-May-17
532622 GDL 18-May-17 533158 THANGAMAYL 18-May-17
532764 GEECEE 18-May-17 506680 TRELCHE-B 18-May-17
532744 GTNTEX 18-May-17 533655 TRITURBINE 18-May-17
590043 HARITASEAT 18-May-17 533171 UNITEDBNK 18-May-17
533217 HMVL 18-May-17 507880 VIPIND 18-May-17
500187 HSIL 18-May-17 513713 WHITEORG 18-May-17
533047 IMFA 18-May-17 532883 ZYLOG 18-May-17
504741 INDIANHUME 18-May-17 500488 ABBOTINDIA 19-May-17
532240 INDNIPPON 18-May-17 532762 ACE 19-May-17
500207 INDORAMA 18-May-17 505216 ALFREDHE 19-May-17
500306 JAYKAY 18-May-17 531677 ARISINT 19-May-17
507987 JPTRLES 18-May-17 526847 ASHSI 19-May-17
532926 JYOTHYLAB 18-May-17 513142 BALASORE 19-May-17
506528 KELENRG 18-May-17 503960 BBL 19-May-17
540222 LAURUSLABS 18-May-17 512195 BENTCOM 19-May-17
500262 MAFATLAFIN 18-May-17 533108 BTTL 19-May-17
530011 MANGCHEFER 18-May-17 532834 CAMLINFIN 19-May-17
538942 MERCANTILE 18-May-17 533288 CLARIS 19-May-17
539045 MNKALCOLTD 18-May-17 531472 CYBELEIND 19-May-17
533398 MUTHOOTFIN 18-May-17 502137 DECCANCE 19-May-17
523630 NFL 18-May-17 507717 DHANUKA 19-May-17
509782 OSEASPR 18-May-17 505700 ELECON 19-May-17
514326 PATSPINLTD 18-May-17 500128 ELECTCAST 19-May-17
513228 PENIND 18-May-17 505744 FMGOETZE 19-May-17
500331 PIDILITIND 18-May-17 500660 GLAXO 19-May-17
513519 PITTILAM 18-May-17 532630 GOKEX 19-May-17
530695 PRIMEPRO 18-May-17 500300 GRASIM 19-May-17
524037 RAMAPHO 18-May-17 505893 HINDHARD 19-May-17
523289 RAMAVISION 18-May-17 532662 HTMEDIA 19-May-17
532690 RAMSARUP 18-May-17 500106 IFCI 19-May-17
539346 SADBHIN 18-May-17 535648 JUSTDIAL 19-May-17
532310 SHREERAMA 18-May-17 522287 KALPATPOWR 19-May-17
 532714 KEC 19-May-17 539118 VRLLOG 19-May-17
507180 KESARENT 19-May-17 590013 XPROINDIA 19-May-17
524699 KILBURNC 19-May-17 512367 ZSHERAPR 19-May-17
532932 MANAKSIA 19-May-17 512291 ZSPEEDCO 19-May-17
539044 MANAKSTELTD 19-May-17 534742 ZUARI 19-May-17
538964 MERCURYLAB 19-May-17 500780 ZUARIGLOB 19-May-17
533088 MHRIL 19-May-17 539151 ARFIN 20-May-17
522241 MMFL 19-May-17 524695 ASIANFR 20-May-17
503015 MODERN 19-May-17 531268 B2BSOFT 20-May-17
517334 MOTHERSUMI 19-May-17 500085 CHAMBLFERT 20-May-17
520043 MUNJALSHOW 19-May-17 532329 DANLAW 20-May-17
539843 NINSYS 19-May-17 523732 ECOBOAR 20-May-17
516082 NRAGRINDQ 19-May-17 521014 EUROTEXIND 20-May-17
539015 ORTEL 19-May-17 500171 GHCL* 20-May-17
524051 POLYPLEX 19-May-17 517571 INDLMETER 20-May-17
500346 PUNJCOMMU 19-May-17 523586 INDTONER 20-May-17
532527 RKFORGE 19-May-17 512329 JARITEX 20-May-17
500112 SBIN 19-May-17 507598 KLRF 20-May-17
508961 SHRICON 19-May-17 535387 LAKHOTIA 20-May-17
539911 SNIM 19-May-17 539785 PDMJEPAPER 20-May-17
532293 SOFTTECHGR 19-May-17 500343 PDUMJEPULP 20-May-17
500402 SPMLINFRA 19-May-17 530419 SUMEDHA 20-May-17
514138 SURYALA 19-May-17 500412 TIRUMALCHM 20-May-17
500400 TATAPOWER 19-May-17 532356 TRIVENI 20-May-17
532966 TWL 19-May-17 502281 TRIVENIGQ 20-May-17
539798 UMIYA 19-May-17 522014 UNIDT 20-May-17
532953 VGUARD 19-May-17 506178 ZKHATAUE 20-May-17
511509 VIVOBIOT 19-May-17

Earning Estimate Q4FY17

Date NSE CODE SALES SALES YoY PAT PAT YoY
15-May-17 COLPAL 1006 3.50 157 (17.30)
15-May-17 VEDL 23509 47.10 3221 184.90
15-May-17 BATA 556 2.00 35 25.00
15-May-17 ICIL 546 4.00 67 1.40
16-May-17 SHREECEM 2214 9.70 229 2.40
16-May-17 TATASTEEL 33923 15.00 1581 LP
16-May-17 PIIND 606 3.70 94 0.10
16-May-17 PNB 3987 44.00 61 LP
17-May-17 HINDUNILVR 8068 4.50 1103 (1.00)
17-May-17 UBL 1158 (4.70) 61 16.90
17-May-17 JSWSTEEL 17346 62.20 713 332.10
17-May-17 MRPL 11975 28.90 443 (67.20)
17-May-17 BAJAJFINSV 1549 39.40 455 44.40
18-May-17 BAJAJ-AUTO 4911 (8.40) 842 (11.30)
18-May-17 CUMMINSIND 1261 18.80 186 11.20
18-May-17 JYOTHYLAB 541 9.60 48 341.40
18-May-17 PIDILITIND 1241 0.00 142 (8.40)
18-May-17 GDL 282 9.50 21 (21.50)
18-May-17 CESC 1556 5.20 249 0.30
18-May-17 BANKBARODA 3445 3.40 509 LP
18-May-17 MUTHOOTFIN 807 (6.70) 325 22.60
19-May-17 GRASIM 2398 (4.30) 249 19.50
19-May-17 GLAXO 729 6.30 88 (1.90)
19-May-17 HTMEDIA 672 6.50 41 8.00
19-May-17 JUSTDIAL 193 7.50 24 (31.10)
19-May-17 SBIN 15117 (1.10) 2230 76.50

Result Q4FY17
BSE Code NSE CODE SALES SALES YoY PAT PAT YoY
500040 CENTURYTEX 2261 4.87 37 (1701.30)
533146 DLINKINDIA 155 (15.39) (1) (121.18)
517354 HAVELLS 1873 27.99 95 (74.16)
523457 LINDEINDIA 559 37.71 1 (83.34)
500790 NESTLEIND 2592 12.90 307 18.42
524558 NEULANDLAB 141 11.31 9 28.36
500314 ORIENTHOT 97 10.65 8 125.47
509820 PAPERPROD 562 8.10 16 (52.39)
513605 SRIPIPES 440 39.63 31 (32.37)
500114 TITAN 3487 43.07 201 5.88
530517 RELAXO 498 3.22 34 4.51
535755 ABFRL 1643 14.80 16 (114.81)
519183 ADFFOODS 53 (0.50) 3 56.67
500124 DRREDDY 3632 (2.73) 338 175.37
532529 NDTV 160 (3.79) 5 (785.71)
 Economic Calendar
Monday Tuesday Wednesday Thursday Friday
Country
15th May 17 16th May 17 17th May 17 18th May 17 19th May 17

Building Permits , Housing

Starts , Capacity Utilization Philly Fed Manufacturing Index ,
Empire State Rate , Industrial Unemployment Claims, CB
US Manufacturing Index Production m/m, NAHB
Crude Oil Inventories ,
Leading Index m/m , Natural
Housing Market Index, TIC Gas Storage.
Long-Term Purchases.

Flash GDP q/q , German

ZEW Economic Sentiment , Average Earnings Index 3m/y , German PPI m/m , Current
Italian Trade Balance ,
Trade Balance, ZEW Claimant Count Change , German WPI m/m , Retail Sales Account , CBI Industrial
UK/EURO ZONE German Buba Monthly
Economic Sentiment , CPI Unemployment Rate , Final m/m , Order Expectations ,
Report
y/y , PPI Input m/m , RPI Core CPI y/y. Consumer Confidence.
y/y , Core CPI y/y.

INDIA
 N arnolia Securities Ltd
201 | 2nd Floor | Marble Arch Bu ild ing | 236B-AJC Bose
Road | Kolkata-700 020 , Ph : 033-40501500
em ail: narnolia@narnolia.com ,
w ebsite : w w w .narnolia.com

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any investment or income are subject to market and other risks. Further it will be safe to
assume that NSL and /or its Group or associate Companies, their Directors, affiliates
and/or employees may have interests/ positions, financial or otherwise, individually or
otherwise in the recommended/mentioned securities/mutual funds/ model funds and
other investment products which may be added or disposed including & other mentioned
in this report/message.