Daily Wrap-up

Research Desk Stock Broking 12th September, 2017

Index Watch Nifty clocks another rally to close near intraday high
Chg
Index Levels Change
(%)
S&P BSE SENSEX 32158.66 276.50 0.87

NIFTY 10093.05 87.00 0.87

NIFTYBANK 24784.70 112.45 0.46

INDIAVIX 11.75 -0.60 -4.87

S&P BSE MidCap 16037.09 171.21 1.08

S&P BSE SmallCap 16617.84 166.14 1.01

S&P BSE FMCG 10259.00 125.98 1.24

Following a strong handover from the US markets yesterday along with positive
S&P BSE IT 9950.60 47.27 0.48
Asian sentiments this morning, Nifty witnessed a gap up opening for the second
S&P BSE AUTO 24461.52 253.79 1.05 consecutive session and managed to hold the same. The index was seen re
testing the gap in early trade and then clocked a one sided move yet again
S&P BSE CG 18291.02 177.51 0.98 making it one of the strongest positive momentum in recent times. The
benchmark index closed just shy of its all time closing high of 10114.65 at
S&P BSE CD 18123.13 123.61 0.69 10093.05 up 0.87% for the day.
S&P BSE METAL 14189.79 141.24 1.01 On the sectoral front, it was a bulls party across the board with no index closing
S&P BSE O&G 15498.14 250.68 1.64
in the red today. The star performer today was the PHARMA pack that was seen
breaking its negative streak of the last four trading session with an over 2% rally.
S&P BSE POWER 2292.39 11.06 0.48 The index closed comfortably above the 9 day moving average on the daily chart
placed at 8914 levels, indicating the bounce today could continue in the near
S&P BSE REALTY 2234.91 46.28 2.11 term as well. Supporting the Pharma stocks were the FMCG pack and PSU
banks both ending with gains of 1.42% and 1.30% respectively.
*CD-Consumer Durables || CG- Capital Goods|| O&G- OIL & GAS

Tracking the global markets, Asia ended another day in the positive territory with
Nikkei and Nifty leading the gains at 1.17% and 0.87% for the day. The
Advance / Decline European markets are seen continuing the sentiment going as CAC and DAX are
quoting around 0.60% up while FTSE is bucking the trend, trading lower at -
Indices Advances Declines 0.20% at the moment. Technically, Nifty has clocked a 120 point rally in the last
two sessions therefore, a slight correction cannot be ruled out. However, the
NIFTY 41 10 near term trend still remains positive. Going forward, the index has immediate
support placed at 10050-10060 and below that at 10000-10025 while resistance
NSE 889 597 comes in at 10137-10140 which is the all time high for the next couple of
sessions.
News On Board
NSE Turnover (Rs Cr) NTPC commissions 40 MW out of 50 MW Rojmal Wind Energy Project in
Gujarat:
Equity F&O NTPC has commissioned 40 MW out of 50 MW of Rojmal Wind Energy Project in
Gujarat. With this, the total installed capacity of NTPC on standalone basis has
For the Day 28,295.45 4,9,149.13
become 44,482 MW and that of NTPC group has become 51,698 MW. Further,
Monthly Average 26,545.19 4,83,895.74 Unit 2 of 250 MW of Nabinagar Thermal Power Project (4 X 250 MW) of Bhartiya
Rail Bijlee Company Limited (BRBCL), a subsidiary of the company has been
th
declared to commercially operate with effect from September 10 , 2017. With
this, the commercial capacity of BRBCL and NTPC group has become 500 MW
Nifty: Top Gainers & Losers and 48788 MW respectively.

Gainers (%) Losers (%) InterGlobe Aviation gets nod to issue 33.6 million equity shares to QIBs:
InterGlobe Aviation has received its boards approval for issuance of equity
BPCL 4.36 INDUSINDBK -2.86 shares up to 33.6 million to qualified institutional buyers (QIBs). The placement
includes issue of fresh equity shares of upto 22.4 million and offer for sale of up
GAIL 3.85 WIPRO -1.06 to 11.2 million shares by promoters, including Rakesh Gangwal and Chinkerpoo
Family Trust. As of June 30, Gangwal and Chinkerpoo Family Trust owned
TATAMOTORS 3.53 HEROMOTOCO -0.78 16.83% and 15.59% stakes in the company respectively.
BANKBARODA 3.46 ONGC -0.61 Force Motors inks non-binding pact with Rolls-Royce Power Systems:
Force Motors has entered into a non-binding term sheet with Rolls-Royce Power
SUNPHARMA 3.42 POWERGRID -0.51 Systems AG (R-RPS) to form an Indian Joint Venture Company (JVC). The
company will form the JVC for producing engines (for power generation and rail
application) and complete power generation systems including associated spare
parts for Indian and global markets.
Karvy Daily Wrap-up 12th September, 2017

Volume Shockers Buzzing Stocks

Last 1 week Indiabulls Real Estate gained over 4% after the company said that through
Chg
Symbol Volume Avg
(%)
Volume its wholly-owned subsidiary, Ashkit Properties, it has acquired a prime
DIVISLAB 9943958 936539 961.8 commercial land at Gurugram.
THERMAX 187032 19128 877.8 BPCL surged over 4% after the company said that the Government of India
SIMPLEXINF 73971 7869 839.9 conferred it with Maharatna status.

VINYLINDIA 226837 25523 788.8 NBCC (India) rallied over 3% after the company said that it has been

NCC 16323381 2183734 647.5 awarded contracts wherein the company is working as project management
consultant and will get project management consultancy fee on the project
JBMA 3926240 542827 623.3
cost at the rate of 6.5% and revenue booking from the projects will start
QUESS 439872 61406 616.3
from September 2017.
ASTRAZEN 50990 7393 589.7
Jammu & Kashmir Bank rose over 2% after the bank said that it has
TATACOFFEE 7479945 1105000 576.9
revised lower the interest rate on saving bank deposit accounts with effect
RPGLIFE 335777 50074 570.6 th
from 12 September 2017.

Commodities
Commodity LTP (USD) Chg (%) Event Tracker
Crude / bbl 47.83 0.05
Domestic
Gold / Oz 13330.60 -0.38
14 Sep : IN Balance of Trade AUG
Silver / Oz 17.85 -0.21
18 Sep : IN Current Account Q2

International
Exchange Rates
14 Sep : US Inflation Rate
Symbol LTP Chg (%)
15 Sep : US Retail Sales
USD / INR 64.13 0.15

EURO / USD 1.1962 0.08

USD / JPY 109.73 0.31

Indian Economic Indicators

Indicator Rates (%)

IIP (June) -0.10

Inflation (July) 2.36

GDP Annual Growth
5.70
Rate
CRR 4.00

SLR 20.00

Repo Rate 6.00

Reverse Repo Rate 5.75

Karvy Daily Wrap-up 12th September, 2017

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