Institutional Research

03 October 2018
Morning Report
Equity Latest % Chg NSE Sect. Indices Latest % Chg Nifty Gainers
Nifty 11008 0.71 NIFTY IT 16213.60 2.37 Company Price(Rs) Chg(%)
Sensex 36526 0.83 NIFTY BANK 25367.00 0.98 YESBANK 199.85 8.82
DowJones 26774 0.46 NIFTY 500 9165.50 0.54 HINDALCO 244.00 6.25
Nasdaq 8000 (0.47) NIFTY FMCG 29923.65 0.56 IBULHSGFIN 892.05 4.11
Hangseng 27126 0.00 NIFTY INFRA 2965.25 (0.07) HDFC 1815.00 3.45
Shanghai 2821 1.06 NIFTY AUTO 9659.55 0.72 SBIN 274.10 3.24
Nikkei 24255 (0.01) NIFTY ENERGY 15539.75 (1.00) Nifty Losers
Strait Times 3265 0.69 NIFTY PHARMA 10034.40 0.62 Company Price(Rs) Chg(%)
Kospi 2310 (1.25) Advances / Declines BSE NSE BHARTIARTL 324.40 (4.18)
Taiwan 10892 (0.25) Advances 1005 712 HINDPETRO 243.00 (3.36)
FTSE 12288 (0.28) Declines 1664 1139 AXISBANK 592.75 (3.34)
CAC 7475 (0.71) Unchanged 188 92 ULTRACEMCO 3941.15 (2.93)
INDUSINDBK 1649.00 (2.43)
DAX 49377 (0.42) Total 2857 1943
2 Wk
Market Sensor Vol. Shockers
Last Day
(Lakh)
Avg.
(Lakh)
Vol. Ch.
(Times)

U.S. market hit a record high on Tuesday as it rallied for a second day, IEX 1.54 0.2 8
boosted by gains in Intel and optimism around global trade. Dow Jones KNRCON 7.90 1.0 8
Industrial Average was up 0.46% or 122.73 points at 26773.94. Nasdaq
Ashika Stock Broking Limited

SHARDACROP 1.66 0.3 7

Composite was down 0.47% or 37.76 points at 7999.55. Standard &Poor's
500 was down 0.04% or 1.16 points at 2923.43. ASHOKA 16.10 2.6 6
LAKSHVILAS 17.64 3.5 5
Indian Equity market recovered strongly in the previous trading session and
settled with decent gains amid volatility. Encouraging macro-economic data Indian Forex Closing Chg % Chg
viz. uptick in manufacturing activities and GST collection figures, combined
with recovery in the NBFC and banking majors lead the market rally . USD/INR 72.804 0.256 0.35
Government’s proposal to take over the control of the troubled lender ILFS GBP/INR 94.883 (0.026) (0.03)
also boosted sentiment. Nifty ended the previous day with a gain of 0.71%
or 77.85 points at 11008.30. On Monday’s trading session, FIIs sold EUR/INR 84.380 (0.063) (0.07)
Rs.1841.63 Cr in cash market and bought Rs.2324.09 Cr in derivative JPY/INR 63.890 (0.010) (0.02)
segment. Whereas, DII bought net Rs.1804.94 Cr in cash segment.
Precious Metal Closing Chg (Rs.)
Gold (Rs/10gm) 30547 251
Global News Silver (Rs/1kg) 38100 1094
China’s hopes of negotiating a free trade pact with Canada or Mexico were
Commodities Price % Chg.
dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada
trade agreement that aims to forbid such deals with “non-market” countries, Crude (US$/BBL) 75.2 2.24
trade experts said on Tuesday. (Reuters) Brent (US$/BBL) 84.8 1.96
U.S. Federal Reserve Chairman Jerome Powell on Tuesday hailed a Gold (US/oz) 1211.0 1.83
“remarkably positive outlook” for the U.S. economy that he feels is on the Silver (US$/oz) 14.8 1.23
verge of a “historically rare” era of ultra-low unemployment and tame prices
Copper (US$/MT) 6273.0 1.50
for the foreseeable future. (Reuters)
Alum (US$/MT) 2079.5 3.38
Britain’s construction sector grew at the slowest pace in six months in
Zinc (US$/MT) 2692.5 4.64
September and companies turned less confident as Brexit neared, a survey
showed on Tuesday. (Reuters) ADR Cl. Values % Chg.

Fresh from clinching an updated North American commerce pact, U.S. ICICI Bank 8.60 (1.30)
President Donald Trump on Monday criticized Indian and Brazilian trade HDFC Bank 93.40 0.80
tactics, describing the latter as being “maybe the toughest in the world” in Infosys 10.10 0.70
terms of protectionism. (Reuters)
Vedanta Ltd 13.30 (3.50)
Japanese companies’ expectations for inflation over the next year receded Dr. Deddy's Labs 34.90 (0.90)
slightly, a Bank of Japan survey showed on Tuesday, after the central bank
conceded it will take some time to reach its inflation target. (Reuters) Wipro 5.20 (1.30)
Tata Motors 15.60 (1.40)
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 Institutional Research

Economic News
Global Forex Closing Chg % Chg
Implementation of the Regional Rapid Transit System (RRTS) project,
connecting Delhi to the greater National Capital Region (NCR) might EUR-USD 1.1581 0.0035 0.30
take longer than expected due to delay in land acquisition. GBP-USD 113.78 0.1300 0.11
Ousted independent directors of Infrastructure Leasing & Financial USD-JPY 1.2995 0.0008 0.06
Services Ltd (IL&FS), whose board was packed off on Monday, have
defended their role by pointing out that they knew of the impending Bond Markets Closing Chg
financial crises for two to three years. 10-yr bond 8.04 -6.10 bps
India is targeting 40 per cent of electricity generation from non-fossil Interbank call 6.37 -14.28 bps
fuel-based resources by 2030 as it looks to tap vast solar and wind
potential to replace reliance on polluting coal to meet its energy needs,
Prime Minister Narendra Modi said Tuesday.
Rs.Cr Institutional Activity (Last 5 trading
Ten mineral-laden states have queued up 102 blocks for electronic 4000 Sessions)
auctions in this financial year. With 20 blocks, Jharkhand has the largest 3000
number of deposits on offer.

3,256
2000

1,528
2,284
1,555

1,805
Exports of fish from India are expected to grow by 61.2 per cent by

761

552

497
1000
2030 as the bulk of the perishable item shipped will originate from 0
Asian countries.

-1,700
-1,842
-524
-1,232
-810

-187
-1000
The finance ministry expects the GST collections to cross Rs 1 trillion in -2000
November and December on account of festive season demand and the
-3000
anti-evasion measures initiated by the revenue department.

1-Oct-18

1-Oct-18
21-Sep-18
24-Sep-18
25-Sep-18
26-Sep-18
27-Sep-18
28-Sep-18

21-Sep-18
24-Sep-18
25-Sep-18
26-Sep-18
27-Sep-18
28-Sep-18
Ashika Stock Broking Limited

The government is mulling permitting 100 per cent FDI in insurance

broking to give a boost to the sector, sources said.
As the government is preparing to take over cash-strapped FII/FPI DII
Infrastructure Leasing & Financial Services (IL&FS), Kerala Finance
Minister Thomas Isaac said financial markets turmoil is getting scarier.
The government’s attempts to boost the country’s ethanol capacity has Market Turnover - last 5 Trading
Rs.Cr Rs.Cr
met with encouraging response from the industry. Sessions
50,000 1,500,000
Indian Banks’ Association (IBA) has proposed a new wage hike formula
to bank unions. Under the proposal, while the fixed hike is set at 6 per 40,000
cent, the variable component will be based on the grading of banks in 1,000,000
30,000
three categories: A, B and C.
20,000
500,000
Domestic News 10,000
0 0
 The growth of eight infrastructure sectors slowed down to 4.2 per cent
24-Sep-18

24-Sep-18

25-Sep-18

26-Sep-18

27-Sep-18
in August against 4.4 per cent in the year-ago month on account of decline
in production of crude oil and fertiliser.
 India Inc's credit profile improved in the April to September period,
compared with the preceding six months, but moderated when compared NSE Cash BSE Cash NSE F&O(RHS)
to the same period last year, domestic rating agency Crisil said.
 The pharmaceutical and online pharmacy space seems to be riding on a
wave of private equity (PE) and venture capital (VC) deals. As of
September-end, deals in the e-pharmacy space surged 210 per cent with a
cumulative value of $115 million (Rs 8.3 billion) in value over all of 2017.
 The government stands fully committed to ensuring that needed
liquidity is arranged for the debt-trapped IL&FS to prevent any more
defaults in payment of loans by the non-banking financial company.
 Coal India is in talks with an Australian coal mining company to pick up
a stake in the range of 20-30%. If the deal materialises, it will ensure a
steady supply of coking coal to Indian steel and allied companies.
 L&T's Heavy Civil Infrastructure business has bagged new orders worth
Rs. 7,489 crores.
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 Institutional Research

10 Repo & Rev.Repo (%)

Domestic News (Cont...) 9
 Engineers India has secured its largest order ever of worth Rs. 8
5,000 crore from HPCL for execution of Rajasthan Refinery Project.
7
 Dr. Reddy's Lab sells of its manufacturing facility in Bristol,
Tennessee and regaining universals rights for its investigational 6
antibacterial product DFA-02. 5
 Dr Reddy's Lab launches Imatinib Mesylate tablets, a generic 4 Repo Rate (%)
version of Novartis‘ anti-cancer drug Gleevec, in the US market. 3
Reverse Repo Rate (%)

03-Mar-03

05-Jan-09

02-Nov-10
28-Mar-02

31-Mar-04
24-Jan-06
31-Jan-07

03-Mar-15
30-Jul-08

04-Oct-16
20-Sep-13
27-Apr-01

20-Apr-10

16-Jun-11
17-Apr-12
 Lupin announced the partnership with Eli Lilly and Company (I)
to distribute Eli Lilly's diabetes injection Aplevant in the country.
 Raymond has put on the block a nearly 20-acre land parcel,
which is part of its total 125 acres at Thane’s Cadbury Junction.
30% Sectoral IIP (YoY)
 GMR Airports Limited, a subsidiary of GMR Infra Limited has
emerged as the highest bidder for the privatization project to be 20%
carried at Nagpur Airport on a Public Private Partnership PPP basis.
10%
 Jindal Stainless will pump in Rs 7.7 billion via a special purpose
vehicle (SPV), to develop external as well as socio-economic
0%
infrastructure on a downstream steel park in Kalinganagar
 RIL has initiated talks to acquire Hathway Cable & Datacom, in a -10%
bid to speed up the commercial launch of its GigaFiber high-speed
Ashika Stock Broking Limited

home broadband services. -20%

Jan-17

Nov-17
Mar-16
Feb-14

May-15
Jul-14

Oct-15
Sep-13
Apr-13

Jun-17
Dec-14

Aug-16
 ONGC is not in a hurry to sell its stake in Indian Oil Corp and GAIL
(I) and will wait for the right price before offloading the shares.
 Future Lifestyle is in advanced stages of negotiations with Pepe Mining Manufacturing
Jeans to acquire its local arm and merge with its own Lee Cooper
portfolio. 10.0 CPI Inflation - Combined (Base - 2011-12)
 Glenmark Pharma has completed the transfer of its orthopaedic 9.0
and pain management business, valued at Rs 635 crore, to a new 8.0
entity incorporated by leading private equity firm True North. 7.0
6.0
 Jubilant Life Sciences plans to invest about Rs 550 crore in
5.0
capital expenditure in the current financial year to meet the
increased demand in its businesses. 4.0
3.0
 Sun Pharma expects its India business to stabilise in the current 2.0
fiscal leading to "reasonable volume growth" after witnessing 1.0
disruptions in 2017-18 due to GST implementation.
0.0
Sep-14

Sep-15

Sep-16

Sep-17
Jan-14
May-14

Jan-15
May-15

Jan-16
May-16

Jan-17
May-17

Jan-18
 Indraprastha Gas is looking at setting up CNG dispensing
stations within residential housing complexes to ease queues at
CNG pumps.
Cash Reserve Ratio (CRR) (%) 10.0 10 Years G-Sec Yield (%)
10
9 9.0
8
8.0
7
7.0
6
5 6.0
4
5.0
3
18-Sep-04
8-Apr-00

16-Nov-02

14-Apr-07

26-Apr-08

8-Nov-08

24-Apr-10

3-Nov-12
24-Feb-01

29-Dec-01

23-Dec-06
17-Feb-07

13-Feb-10

10-Mar-12

4.0
19-May-01

24-May-08
4-Aug-07

11-Oct-08
29-Jul-00

19-Jul-08

Jan-05

Jan-06

Jan-07

Jan-08

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Jan-17

Jan-18

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 Institutional Research

Bulk Deal - NSE

Date Security Name Client Name Buy/Sell Traded Qty. Price
1-Oct-18Dewan Housing Fin Corp SHAASTRA SECURITIES TRADING PRIVATE LIMITED SELL 2595103 292.9
1-Oct-18Infibeam Avenues Limited IIFL WEALTH FINANCE LIMITED SELL 5000000 55.5
1-Oct-18Justdial Ltd. CROSSLAND TRADING CO SELL 402758 452.6
1-Oct-18Fairchem Speciality Ltd NRUPAL DHANPALBHAI SHAH BUY 350000 380.0
1-Oct-18Jet Airways (India) Ltd. SHAASTRA SECURITIES TRADING PRIVATE LIMITED BUY 782935 169.3

Bulk Deal - BSE

Date Security Name Client Name Buy/Sell Traded Qty. Price
1-Oct-18 BCP JITAL ASHISH THAKER B 467,000 32.0
1-Oct-18 SAURASHCEM RAJESH NUWAL (HUF) S 349,899 42.3
1-Oct-18 TOYAMIND KAMAL BABULAL AGARWAL B 1,836,443 6.3
1-Oct-18 RIBATEX SITA RAM (HUF) S 109,521 71.5
1-Oct-18 AXTEL INDIANIVESH FINANCIAL ADVISORS LIMITED S 112,500 52.3
Ashika Stock Broking Limited

Corporate Actions
Scrip Code Scrip Name Ex-Date Purpose Record Date
539098 FILTRA 04-Oct-18 Bonus issue 1:5 06-Oct-18
522263 JMCPROJECT 04-Oct-18 Stock Split From Rs.10/- to Rs.2/- 05-Oct-18
539963 ZEAL 04-Oct-18 Bonus issue 2:1 05-Oct-18
541400 ZIMLAB 04-Oct-18 Bonus issue 1:1 06-Oct-18
540956 BHATIA 08-Oct-18 Bonus issue 1:1 09-Oct-18
539546 BNL 08-Oct-18 Bonus issue 1:1 09-Oct-18
539770 DARJEELING 08-Oct-18 Interim Dividend - Rs. - 0.2500 09-Oct-18
539956 TAALENT 08-Oct-18 Interim Dividend - Rs. - 10.0000 09-Oct-18
539219 MUL 09-Oct-18 Final Dividend - Rs. - 0.2500 10-Oct-18
538891 SIPROJECTS 09-Oct-18 Bonus issue 4:1 10-Oct-18
526519 ALPINEHOU 11-Oct-18 Bonus issue 1:3 12-Oct-18
530843 CUPID 11-Oct-18 Bonus issue 1:5 12-Oct-18
535648 JUSTDIAL 11-Oct-18 Buy Back of Shares 12-Oct-18
539526 SCTL 11-Oct-18 Bonus issue 1:1 12-Oct-18
512595 UNIMOVR 11-Oct-18 Consolidation of Shares 12-Oct-18
540147 SHASHIJIT 12-Oct-18 Bonus issue 1:5 15-Oct-18
500696 HINDUNILVR 19-Oct-18 - 22-Oct-18
540750 IEX 19-Oct-18 Stock Split From Rs.10/- to Rs.1/- 22-Oct-18
540716 ICICIGI 29-Oct-18 - 30-Oct-18
507815 GILLETTE 20-Nov-18 Final Dividend - Rs. - 23.0000 -
500459 PGHH 20-Nov-18 - -

4
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 Institutional Research

Global Economic Calendar

Date Curr. Event Actual Forecast Previous
1-Oct-18 CNY Manufacturing PMI (Sep) 51.2 51.3
1-Oct-18 JPY Tankan All Big Industry CAPEX (Q3) 14.20% 13.60%
1-Oct-18 JPY Manufacturing PMI (Sep) 52.9 52.9
1-Oct-18 EUR Manufacturing PMI (Sep) 53.3 53.3
1-Oct-18 GBP BoE Consumer Credit (Aug) 1.300B 0.817B
1-Oct-18 GBP Manufacturing PMI (Sep) 52.5 52.8
1-Oct-18 GBP Mortgage Lending (Aug) 3.20B 3.20B
1-Oct-18 EUR Unemployment Rate (Aug) 8.20% 8.20%
1-Oct-18 USD Construction Spending (MoM) (Aug) 0.50% 0.10%
1-Oct-18 USD ISM Manufacturing PMI (Sep) 60.3 61.3
2-Oct-18 GBP Nationwide HPI (MoM) (Sep) 0.20% -0.50%
2-Oct-18 GBP Construction PMI (Sep) 52.5 52.9
2-Oct-18 EUR PPI (YoY) (Aug) 3.80% 4.00%
3-Oct-18 USD Domestic Truck Sales (Sep) 9.35M 9.37M
3-Oct-18 EUR Markit Composite PMI (Sep) 54.2 54.2
3-Oct-18 EUR Retail Sales (YoY) (Aug) 1.60% 1.10%
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3-Oct-18 USD ADP Nonfarm Employment Change (Sep) 185K 163K

3-Oct-18 USD Markit Composite PMI (Sep) 53.4 53.4
3-Oct-18 USD ISM Non-Manufacturing PMI (Sep) 58.1 58.5
4-Oct-18 USD Continuing Jobless Claims 1,675K 1,661K
4-Oct-18 USD Initial Jobless Claims 210K 214K
4-Oct-18 USD Factory Orders (MoM) (Aug) 2.10% -0.80%
5-Oct-18 JPY Household Spending (YoY) (Aug) -0.10% 0.10%
5-Oct-18 JPY Leading Index (MoM) (Aug) -0.70%
5-Oct-18 GBP Halifax House Price Index (YoY) (Sep) 3.30% 3.70%
5-Oct-18 USD Manufacturing Payrolls (Sep) 10K -3K
5-Oct-18 USD Nonfarm Payrolls (Sep) 185K 201K
5-Oct-18 USD Trade Balance (Aug) -53.10B -50.10B
5-Oct-18 USD Unemployment Rate (Sep) 3.80% 3.90%
5-Oct-18 USD Consumer Credit (Aug) 15.00B 16.64B

Indian Economic Calendar

Date Curr. Event Actual Forecast Previous
1-Oct-18 INR Nikkei Markit Manufacturing PMI (Sep) 52.4 51.7
4-Oct-18 INR Nikkei Services PMI (Sep) 51.5
5-Oct-18 INR Interest Rate Decision 6.75% 6.50%

5
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 Institutional Research

PARAS Digitally signed by

PARAS BOTHRA

BOTHRA Date: 2018.10.03

09:13:50 +05'30'

Ashika Stock Broking Limited (“ASBL”) or Research Entity has started its journey in the year 1994 and is engaged in the business of broking services,
depository services, distributor of financial products (Mutual fund, IPO & Bonds). This research report has been prepared and distributed by ASBL in the
sole capacity of a Research Analyst (Reg No. INZ000169130) of SEBI (Research Analyst) Regulations 2014. ASBL is a wholly owned subsidiary of Ashika
Global Securities (P) Ltd., a RBI registered non-deposit taking NBFC Company. Ashika group (details is enumerated on our website
Ashika Stock Broking Limited

www.ashikagroup.com) is an integrated financial service provider inter alia engaged in the business of Investment Banking, Corporate Lending,
Commodity Broking, Debt Syndication & Other Advisory Services.

There were no significant and material disciplinary actions against ASBL taken by any regulatory authority during last three years.

Disclosure

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