For Private Circulation Only

Retail Research 30 August, 2019

CNX Nifty MARKET REVIEW

Markets, after two weeks of negative closes, rebounded strongly
owing to much needed investor confidence building measures
announced last Friday. The government has taken several steps
viz withdrawal of enhanced surcharges on FPIs and domestic
investors, additional support for HFCs, Repo rate linked lending,
steps on CSR spending and removal of angel tax. Further, fresh
FDI easing announcement also provided incremental support.
The FIIs though continues to exit net selling to the tune of over
Rs5,000 cr while DIIs have provided an equivalent support.
Sensex and Nifty closed with weekly gains of 1.7% and 1.8% at
23-Aug 30-Aug
37,332.8 and 11,023.3 points respectively while Mid/Smallcap
Indices % Chg
indices outperformed the broader ones closing with gains of
Nifty 10829.4 11023.3 1.8
2.0% and 2.9% at 13,467.6 and 12,537.7 points respectively.
Sensex 36701.2 37332.8 1.7
Midcap 13202.1 13467.6 2.0
CORPORATE
Small cap 12186.1 12534.7 2.9
CG Power sacks Gautam Thapar as its chairman with
immediate effect
Indices 23-Aug 30-Aug % Chg

BSE Realty 1886.7 2047.7 8.5

CG Power & Industrial Solutions on Thursday said its board has
sacked Gautam Thapar as its chairman with immediate effect
BSE healthcare 12460.8 12875.4 3.3
after an investigation that unearthed a multi-crore financial scam
BSE Bankex 30444.2 30949.7 1.7
in the firm. CG Power said this decision has been taken in the
BSE IT 15969.2 16149.5 1.1 interests of the company and its stakeholders in discharge of
BSE FMCG 10706.4 11077.2 3.5 the fiduciary responsibilities of the board. On August 20, the
BSE Cap Goods 16446.9 16941.8 3.0
company had stated that an investigation instituted by its board
had found major governance and financial lapses including some
BSE PSU 6216.1 6348.9 2.1
assets being provided as collateral and the money from the loans
BSE Oil 12817.1 13163.7 2.7
siphoned off by "identified company personnel, both current
Bse Auto 15728.0 15768.4 0.3 and past, including certain non-executive directors." (BS)
BSE Cons Durab 22821.0 23420.2 2.6
Lakshmi Vilas Bank MD & CEO Parthasarathi Mukherjee
BSE Power 1861.1 1888.0 1.4 announces resignation
BSE Metal 8486.0 8524.3 0.5 Even as the Reserve Bank of India is yet to take a call on Indiabulls
Housing Finance's plans to merge with Lakshmi Vilas Bank, the
mid-sized private sector lender on Wednesday announced the
26 Aug - 30 Aug
resignation of its chief executive officer Parthasarathi
Rs in Cr FII Inv DII Inv
Mukherjee. Mukherjee quit citing personal reasons, the bank
Buy 29658.3 23655.3 informed the bourses late in the evening. Mukherjee, who had
Sell 34671.3 18869.5 served the larger rival Axis Bank before joining the Tamil Nadu
Net (5,013.0) 4,785.8 based bank in 2015, was given a two-year extension this January.
(BS)
 Weekly Wrap-up

Top 5 Performers – Sensex Coal India gets jittery over 100% FDI, commercial mining
in sector
Close Close % Chg
23-Aug 30-Aug The Centre's decision to allow 100 percent foreign direct
Indus ind Ba nk 1,310.4 1,394.5 6.4 investment (FDI) in the coal sector and allowing commercial
HDFC 2,041.3 2,166.5 6.1 mining of coal has left Coal India worried as it is apprehensive
Sun Pharma ceuti cal 427.7 450.7 5.4 of losing consumers as well as its pricing power in the market.
Ta ta Motors 111.2 116.8 5.0 Company officials are of the view that with these two
Ba ja j Fina nce 3,175.4 3,331.6 4.9
developments, its largest consumer, NTPC may develop its own
coal mining capabilities which in turn will result in reduced
Top 5 Performers – Nifty demand from it. A Coal India official said as NTPC develops its
Close Close % Chg own coal mining capability in the next 5-7 years, the world's
23-Aug 30-Aug largest coal miner risks to lose 100-120 million tonne (mt) of
Britannia Indus tri es 2,466.7 2,701.7 9.5 coal supply to NTPC. Every year, Coal India supplies around 200
mt of coal to NTPC. (BS)
Bha ra t Petrol eum
329.4 355.3 7.9
Corp
Nestle India set to replace Indiabulls Housing in Nifty
Indus ind Ba nk 1,310.5 1,395.8 6.5
next month
Zee Enterta i nment 351.2 373.1 6.2
HDFC 2,043.8 2,166.5 6.0 Nestlé India will be included in the Nifty a month from now.
The multinational company is set to replace troubled NBFC
Top 5 losers – Sensex Indiabulls Housing Finance in the broader index. Further, the
other 49 Nifty components could see some reduction in their
Close Close % Chg
weight to accommodate Nestlé India, whose free-float market
23-Aug 30-Aug
Kota k Ma hi ndra
capitalisation is nearly thrice that of Indiabulls Housing. In other
1,472.5 1,431.7 -2.8
Ba nk words, Nestlé India will have a much higher weight than
Bha rti Ai rtel 356.7 347.1 -2.7 Indiabulls Housing. So far, Nestlé India wasn't part of the Nifty
Hero Motocorp 2,640.3 2,571.9 -2.6 even as its total market cap exceeds over half of Nifty
Reli a nce Indus tries 1,276.0 1,248.4 -2.2 components, given it is not listed on the NSE. It joins FMCG
Maruti Suzuki Indi a 6,255.2 6,121.6 -2.1 peers HUL, ITC and Britannia in the Nifty, in which the sector's
weight could surpass the 9-per-cent- mark. (BS)
Top 5 losers – Nifty
Close Close % Chg
Adani Green Energy buys 205 MW Solar assets of Essel
23-Aug 30-Aug
Group for Rs 1,300 crore
Bha rti Ai rtel 356.4 346.8 -2.7 Subhash Chandra-promoted Essel Group has reached an
Indi a bul ls Housi ng
467.9 455.4 -2.7 agreement to sell 205 MW of operating solar assets of Essel
Fina nce
Kota k Ma hi ndra
Green Energy and Essel Infraprojects at an enterprise value of
1,470.2 1,431.5 -2.6 Rs 1,300 crore to Adani Group. The solar assets, located in Punjab,
Ba nk
Hero Motocorp 2,640.2 2,572.1 -2.6 Karnataka and Uttar Pradesh, will be acquired by Adani Green
Reli a nce Indus tries 1,275.9 1,248.6 -2.1 Energy. The assets have long-term power purchase agreements
(PPAs) with various state electricity distribution companies, Essel
Group said. The average remaining PPA life for the portfolio is
around 22 years. The Adani deal is part of the divestment process
of the Essel Group promoters to reduce debt and repay its
Weekly Summation Report
lenders by September 30. The company has a debt of over Rs
11,000 crore. Last month, it announced the sale of 11% in Zee
Entertainment Enterprises to financial investor Invesco
Oppenheimer Fund for Rs 4,224 crore. (ET)

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 Weekly Wrap-up

10 years Government of India Bond Yield ECONOMY

Sugar industry gets Rs 6,268-crore export subsidy
The government on Wednesday announced a Rs 6,268-crore
subsidy for export of 6 million tonnes (mt) of sugar for 2019-20
marketing year, starting in October, to help cash-strapped mills
liquidate surplus and clear sugarcane arrears to farmers. The
subsidy will be transferred directly to the farmers' accounts on
behalf of the mills against cane price dues. This will benefit
farmers of Uttar Pradesh, Karnataka and Maharashtra, the
second largest sugarcane producing state where assembly
elections are due in two months. Mills will have to provide
account details to the government for transferring the money
in proportion to the cane bought from farmers. According to
Government securities market %
industry executives, cane dues of around Rs 12,000 crore have
91 days T-bill* 5.4070 yet to be paid to farmers for 2018-19 marketing season, which
182 days T-bill* 5.6287 ends this September. (ET)

364 days T-bill* 5.7239 RBI says bank frauds rose 15% in 2018-19, pegs amount
at Rs 71,543 cr
*cut off at last auction
The number of frauds reported by banks in 2018-19 increased 15
percent on a year-on-year basis to 6,801 cases from 5,916 cases
a year ago. And, the total amount involved in the frauds was to
Key Economic Indicators $bn tune of Rs 71,542.93 crore in 2018-19 as compared to Rs 41,167.04
crore in 2017-18, a 73.8 percent increase. The public sector banks
External debt 543.00
accounted for 90.2 percent of the amount that was involved in
Forex reserves 430.50 fraud in 2018-19, while the private sector banks accounted for
CAD -4.65 7.7 percent, and the foreign banks accounted for 1.3 percent.
The average time gap in the date of occurrence of fraud and its
CPI(%) 3.15
detection was 22 months, the RBI said in its annual report.
WPI(%) 1.08 However, the average lag for frauds for amount involving more
IIP (%) 0.00
than Rs 100 crore, amounting to Rs 52,200 crore, was 55 months.
(BS)

Windfall: RBI to transfer Rs 1.76 lakh crore to

government for FY20
The Reserve Bank of India's central board accepted the
Monetary policy data Current Previous Chg recommendations of the Bimal Jalan committee on capital
(INDIA) % % bps transfer and decided to pay Rs 1.76 lakh crore for the current
fiscal year to the government, ending nearly a year of conflict
Repo rate 5.40 5.75 (35)
between the regulator and its only shareholder on the quantum
Reverse Repo rate 5.15 5.50 (35) of dividend payout. In the current fiscal, the RBI will pay Rs 1.23

CRR 4.00 4.00 Weekly

- lakh crore of
Summation surplus and Rs 52,637 crore of excess contingency
Report
provisions lying in its books, which some in the government
had lobbied to be transferred to the Centre to help it meet
expenses. For the current fiscal year, the surplus transfer would
be Rs 5,000 crore more than the Rs 90,000 crore the government
had budgeted. There was an interim payout of Rs 28,000 crore in
March. Thus, of the Rs 1.23 lakh crore, Rs 95,000 crore remains to
be transferred this fiscal. (ET)

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 Weekly Wrap-up

World Indices 23-Aug 30-Aug % Chg GLOBAL EVENTS

DJIA* 25628.9 26362.3 2.9
Nasdaq* 7751.8 7973.4 2.9 China's slowdown deepens in August on declining
Nikkei 225 20710.9 20704.4 0.0
exports, tensions with US
Straits Times 3110.4 3106.5 -0.1 China's economy slowed further in August as weak domestic
Hang Seng 26179.3 25724.7 -1.7 conditions, intensifying tensions with the US and worsening
global trade all combined to undermine the outlook. With trade
FTSE 100* 7095.0 7231.6 1.9
tensions worsening and the currency weakening past 7 to the
DAX* 11611.5 11973.4 3.1
dollar, policy-makers have stepped up targeted measures to
Shanghai Composite 2897.4 2886.2 -0.4 support the economy, including efforts to drive down the cost
* Closing as on 29th Aug, 2019 of borrowing money and another package to encourage
consumption. Protracted trade tensions continued to weigh on
China and nearby nations that supply goods to its factories.
Outbound shipments from South Korea fell 13.3 perc ent in the
first 20 days of August from a year earlier. (BS)
Currencies Vs INR 23-Aug 30-Aug % Chg
USD 71.7 71.4 -0.4 UK car output slumps nearly 11% in July over weak
GBP 87.5 86.9 -0.7 export demand
EURO 79.2 78.8 -0.5 British new car production fell by an annual 10.6 percent in July,
YEN (100 units) 68.0 67.2 -1.2 the 14th consecutive month of declines due to weak demand in
EU and Asian markets and model changes. Car demand has been
hit by a number of factors in recent months including a slump in
sales of diesel vehicles in Europe and weakening demand in
China, the world's biggest automotive market. Last month, British
Commodity data 23-Aug 30-Aug % Chg car factories churned out 108,239 cars, hit by a 14.6 percent drop
Brent Crude ($/bbl) 59.3 60.9 2.7 in exports, which account for four in five vehicles, whilst
Gold(Rs/10gm) 37599.0 38405.0 2.1 production for domestic demand rose 10.2 percent, the Society
Silver(Rs/kg) 43708.0 46688.0 6.8 of Motor Manufacturers and Traders (SMMT) said. (ET)

Deepening manufacturing slump puts Germany on the

brink of recession
German business confidence extended its decline, falling to
the weakest level in almost seven years, as a deepening
manufacturing slump put Europe's largest economy on the brink
of recession. Germany's export-centered economy is struggling
as global trade tensions worsen. GDP contracted in the second
quarter and the Bundesbank predicts it could shrink again in the
third, and the US-China trade war escalated again at the end of
last week. Ifo's business climate index fell to 94.3 in August,
marking its fifth straight decline. It was weaker than the median
estimate in a Bloomberg survey of economists, and gauges for
Weekly expectations and current conditions also worsened. (BS)
Summation Report

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 Weekly Wrap-up

Technical Desk:
Nifty September Future Weekly Chart

MARKET OUTLOOK:
The week gone by:
Nifty future closed at 11058.90 gaining by 1.99 % from the previous week's close of 10842.70.
During the week nifty future opened at 10948.40, made a low of 10745, made a high of 11132.95 and closed the week
at 11058.90. The volumes were higher than the previous week indicating strength in the up move. This week nifty
future gave range of 387.95 points.

Pattern:
Nifty future chart has made "Bullish Harami pattern" in weekly chart. The Bullish Harami pattern is a two candle
reversal pattern after a strong downtrend; it is formed from a combination of a large red candlestick followed by
small blue candlestick within the range of the large red candlestick, the smaller the second (blue) candlestick the
more likely the reversal. Bullish Harami pattern is formed around 61.8% Fibonacci support.

The week ahead:

The nifty future may find supports around 10740-10876 - 10947 on the downside which are price extension drawn
from low to high.
The nifty future may find resistance around 11090 - 11413 on the upside which are price extension drawn from low to
high.
The nifty future has closed at higher level of weekly chart showing bullishness for the next week. Nifty future has
closed above 10947. If it remains above 10947 then immediately on the upside it will find resistance at 11090.During
the week nifty future was finding resistance at 11090
Weekly levels and
Summation support at 10740 levels. Last year the bullishness
Report
trend in nifty future started from 10740.Till the time nifty future remains above 10740 pull back will be there in the
market. If nifty future closes above 11090 then the next target would be 11413 which is this year from where bullishness
started in the market. There is a huge gap between two these levels. If nifty future remains below 11090, then again
there will be profit taking in the market.
Broader trading range for the week: 10740 - 11413
Immediate probable trading range for the week: 10947 - 11090

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 Weekly Wrap-up

Derivatives Desk:

Weekly Market Summary

Nifty Futures closed at 11058.9, up by 216.20 points or 01.99% since last week. Nifty futures premium increased to 35.65 points
from 13.35 points premium of previous week. Bank Nifty was up by 504.90 points or 1.87% to close at 27520.9
Nifty Futures OI stood at 181.90 Lac, decreased by -18.52% from 223.24 Lac of previous week. The annualized Cost of Carry
increased to 4.37% from 1.61%
The Put-Call Ratio increased to 1.38 from 1.02. Nifty Call shed total OI of -129.06Lac shares, with major OI addition of 17.32Lac
at 11200 strike, 17.06Lac at 11100 strike and 11.15Lac at 11300 strike price respectively while there was unwinding of -0.15Lac
at 10700 strike and -0.11Lac at 10800 strike.
Nifty Put added total OI of 1.24Lac shares, with major OI addition of 18.52Lac at 11000 strike, 14.60Lac at 10900 strike and
9.15Lac at 10800 strike price respectively while there was unwinding of 0.11Lac at 11400 strike and 0.14Lac at 11600 strike.
Highest Open interest build up in Nifty call options observed at 11100 strike price with OI of 18.90Lac and put side it is observed
at 11000 strike price with OI of 22.15Lac followed by 11200 call and 10900 put.
Total market wide open interest decreased by -23.05% from 628.60Cr to 483.72Cr on weekly basis. The colossal drop in open
interest is due to expiry week.
Some stocks observed with Long addition are ACC, GODREJCP, BHEL, BERGEPAINT and MCX, while stocks observed with Short
addition are COALINDIA, SRTRANSFIN, JSWSTEEL, ONGC and MANAPPURAM.
Long Unwinding was observed in stocks like CUMMINSIND, IBULHSGFIN, MARUTI, SAIL and TATAELXSI, while Short Covering was
observed in stocks like NIITTECH, DHFL, BALKRISIND, MGL and UBL.
Stocks with increased HV are NIITTECH, PETRONET, BRITANNIA, IDBI and RBLBANK, while stocks with decreased HV are BALKRISIND,
CUMMINSIND, UPL, RELCAPITAL and SRF.
Market Outlook: - Indian equity markets witnessed an extremely volatile trading week with Nifty Futures managing to close 2.08%
higher closing above the physiological level of 11,000. The markets reacted positively to the slew of positive reforms announce by the
government to revive the slowdown in the economy. A surge past 11200 could witness short covering which drives the Index higher.
However the global equity environment continues to remain uncertain due to lingering trade war concerns. Nifty future may find
resistance at 11250 -11360 while support may be seen at 10860 - 10770 levels.

Price Gainers Price Losers

Symbol Close Price_Chg OI_Chg Symbol Close Price_Chg OI_Chg
DHFL 46.00 22.02% -35.62% RBLBANK 327.60 -7.72% 3.35%
UJJIVAN 303.80 14.62% 1.04% IBULHSGFIN 433.60 -7.27% -27.36%
PEL 2037.75 14.13% -7.81% IDEA 5.40 -6.09% -14.41%
MCX 963.60 13.38% 8.94% DISHTV 22.05 -5.57% -1.88%
ESCORTS 512.90 12.82% -22.69% MFSL 423.45 -4.82% -5.70%
Weekly Summation Report
OI Gainers OI Losers
Symbol Close Price_Chg OI_Chg Symbol Close Price_Chg OI_Chg
COALINDIA 184.80 -1.57% 31.83% CUMMINSIND 566.80 -1.46% -40.35%
SRTRANSFIN 970.20 -4.05% 21.78% NIITTECH 1,391.75 1.23% -36.17%
ACC 1,520.55 3.31% 19.17% DHFL 46.00 22.02% -35.62%
JSWSTEEL 218.55 -1.20% 15.03% BALKRISIND 745.25 0.26% -32.54%
ONGC 121.25 -0.90% 14.48% MGL 849.95 1.42% -32.32%

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 Weekly Wrap-up

Currency Derivatives Desk:

Major Macro Global Events Ahead USDINR v/s Dollar Index

Economic Events Country Day

German Final Mfg PMI EU Sep 2

Construction PMI UK Sep 3
ISM Manufacturing PMI US Sep 3
Retail Sales m/m EU Sep 4
German Factory Orders m/m EU Sep 5
German Industrial Production EU Sep 6
Non-Farm Employment Chg US Sep 6

Macro Headlines:
This week, Indian Rupee plunged to fresh 2019 lows at 72.5275 against the dollar, as risk aversion dominated the
sentiments following tit for tat tariffs by US-China announced over the last weekend. Also, strong month end
dollar demand from importers added to the pressure. However, the domestic currency recovered soon after the
government's decision to roll back the enhanced surcharge on FPIs and announcement of upfront capital infusion
of Rs 0.7L crs into state-run banks. Besides, softening of US-China stance and resumption of trade talks eased
concerns of further escalation.
The U.S. gross domestic product rose at a seasonally adjusted annual rate of 2% in the second quarter, while
previous figure revised higher to 2.1%. CB Consumer Confidence declined marginally in August, to 135.1 from
135.8 in July hurt by less positive consumers' outlook for the labor market.
The dollar rose to its highest level in nearly a month above 98.50 along with improved conditions with global
risk assets on signs of progress on the U.S.-China trade talks ahead of the long Labor Day weekend.
The Euro trading below $1.108, more than weakest pace in more than two years on downbeat of German
economic data and comments from European Central Bank President Christine Lagarde hinted that there will be
little immediate change in policy direction when she takes over from Mario Draghi in November.
The pound incurred losses after U.K. Prime Minister Boris Johnson moved to suspend parliament, increasing the
risk of a no-deal Brexit. Sterling volatility climbs as the U.K. government prepares to suspend Parliament and a
French official warns companies to get ready for the increased chance of a no-deal Brexit.
Yen heads for its worst weekly decline since March amid some optimism over trade talks between the U.S. and
China. USDJPY slightly changed at 106.51 after climbing 0.4% when China said it wouldn't immediately retaliate
against the latest U.S. tariff increase.
The India's benchmark 7.26%-2029 government bond yield steadied to 6.5680% on week while the US 10 year
bond yield dropped to 1.526% from 1.65% last week.

Weekly Change in NSE Currencies Weekly

Weekly Summation Change in Global Currencies
Report
Currency Pre. Close Net Chg (%) Currency Pre. Close Net Chg (%)
USDINR Sept 71.6225 -0.06 EURUSD 1.1036 -0.23
GBPINR Sept 87.3000 -0.18 GBPUSD 1.2187 -0.25
EURINR Sept 79.2500 -0.05 USDJPY 106.29 -0.33
JPYINR Sept 67.4600 0.39 DXY 98.5468 0.17

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 Weekly Wrap-up

Mutual Fund Desk:

Mutual Fund Commentary:

The mutual fund industry aims four-fold rise in its AUM to reach Rs 100 lakh crore from Rs 25 lakh crore. The industry
also aims to increase customer base to 10 crore unique investors from 2 crore unique investors in the next 10 years,
says a vision document released by AMFI and BCG. The report has recommended that the industry should increase
the distribution force to at least 4 lakh and leverage outreach of existing distribution networks such as regional rural
banks and post offices to achieve this target. The report has also recommended that the industry should ease
onboaring process of new investors and offer simpler products to investors to increase its penetration.

Dividend Declared:
Scheme Name Record Date Dividend (Rs. Per Unit)
ICICI Pru Equity & Debt-DM 03-Sep-19 0.23
ICICI Pru Balanced Advantage-DM 03-Sep-19 0.07
Source: www.valueresearchonline.com

Average returns across various Mutual Fund categories:

Mutual Fund Categories 1 Wk 1 Mth 3 Mths 1 Yr 3 Yrs 5 Yrs
Equity :Large Cap 2.16 -1.58 -6.58 -6.74 8.4 7.64
Equity: Large & MidCap 2.01 -1.97 -7.61 -10.49 5.87 8.85
Equity: Multi Cap 2.04 -1.98 -7.52 -8.9 6.41 8.44
Equity: Mid Cap 2 -1.67 -9.53 -14.9 3.25 9.32
Equity: Value Oriented 2.3 -2.79 -10.08 -12.88 4.49 7.92
Equity: ELSS 2.01 -1.86 -7.81 -9.64 6.26 8.39
Hybrid: Equity Savings 0.71 -0.52 -2.06 -0.2 5.35 --
Hybrid: Aggressive Hybrid 1.43 -1.26 -5.73 -5.69 5.72 7.84
Hybrid: Conservative Hybrid 0.5 -0.28 -1.23 1.99 5.52 7.42
Debt: Corporate Bond 0.16 0.97 -0.46 5.42 5.46 7.12
Debt: Credit Risk 0.02 0.17 -2.9 0.58 4.49 7.55
Debt: Dynamic Bond 0.13 0.51 2.47 9.58 6.35 8.32
Debt: Long Duration 0.01 -0.4 5.77 19.57 8.63 10.15
Debt: Gilt 0.19 0.22 5.18 14.93 7.46 9.6
Debt: Liquid 0.1 0.49 1.57 6.74 6.73 7.31
Debt: Ultra Short Duration 0.17 0.72 1.6 6.3 6.47 7.29
Debt: FMP 0.11 0.52 1.33 6.5 6.76 7.35
Source: Ace MF; Data as on 30th August 2019
For all categories, returns < 1 year are absolute and returns >= 1 year are CAGR returns.

Fund We like Weekly Summation Report

Mutual Fund Categories 1 Wk 1 Mth 3 Mths 1 Yr 3 Yrs 5 Yrs
Axis Long Term Equity Fund(G) 1.60 0.05 -3.59 -5.63 10.15 11.76
Source: Ace MF; Data as on 30th August 2019
Returns < 1 year are absolute and returns >= 1 year are CAGR returns.

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 Weekly Wrap-up

Mutual Fund Transaction Trends:

(Rs. in Crore) Equity Debt

Date Gross Purchase Gross Sale Net Gross Purchase Gross Sale Net
22-Aug-2019 4,271.84 2,221.88 2,049.96 7,201.23 4,393.77 2,807.46
23-Aug-2019 3,331.73 1,703.45 1,628.28 10,457.62 6,796.77 3,660.85
26-Aug-2019 3,538.25 2,870.22 668.03 8,718.02 6,192.75 2,525.27
27-Aug-2019 3,802.74 3,600.02 202.72 7,386.67 4,454.76 2,931.91
28-Aug-2019 217.14 110.94 106.20 618.80 1,748.06 -1,129.26
Source: Ace MF; SEBI

Bulk Deals by Mutual Fund:

Exchange Date Security Name Client Name Deal Type Volume Deal Price
N.A.
Source: NSE/BSE

DII Transaction trends:

Equity
Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
26-Aug-2019 4,729.02 3,456.73 1,272.29
27-Aug-2019 5,888.07 4,725.42 1,162.65
28-Aug-2019 3,166.10 2,806.78 359.32
29-Aug-2019 5,291.34 4,802.11 489.23
30-Aug-2019 4,580.74 3,078.47 1,502.27
Source: BSE

Ongoing NFO & FMP:

Scheme Name Category Type Open Date Close Date Min Invest.
Sundaram Equity Fund Equity - Multi Cap Fund Equity 16-Aug-2019 30-Aug-2019 100
ITI Long Term Equity Fund Equity - ELSS Equity 15-Jul-2019 14-Oct-2019 500

Source: Ace MF

Weekly Summation Report

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 Weekly Wrap-up

Weekly Calls:

Top 5 Technical Picks:

Company Recommendation CMP (Rs) Target (Rs) Stop Loss (Rs)

INTERGLOBE AVIATION LTD. BUY 1690.5 1775.0 1648.2
REC LTD. BUY 144.3 151.5 140.6
SIEMENS LTD. BUY 1202.3 1262.4 1172.2
TATA CONSULTANCY SERVICES LTD. BUY 2256.1 2368.9 2199.6
UNITED BREWERIES LTD. BUY 1372.1 1440.7 1337.7

Derivative Strategies:

Nifty Bear Put Spread_strategy

Max Profit Max Loss
Scrip Lot Size Buy/ Sell Range Avg. Price BEP
(on Expiry) (on Expiry)
NIFTY 11000 Put 05Sep 75 Buy 1 Lot 62 64 63
Rs.11700 Rs.-3300 10956
NIFTY 10800 Put 05Sep 75 Sell 1 lot 18 20 19

Currency Trading Weekly Outlook

Currencies View Support Resistance
USDINR Sept Pair is expected to give sight downward correction 70.80 72.80
below 71.50 on profit booking bets as consistent rally shown
this week tracking underlying DXY
GBPINR Sept Pair will remain under pressure as no deal Brexit is a real 86.00 88.50
possibility again unless GBPUSD not sustaining beyond
$$1.2250 levels.
EURINR Sept Pair will also remain downwards on ECB's officials' 78.20 80.50
comments and upcoming European economic data
JPYINR Sept Pair may erase earlier gains on easing global worries 66.00 68.50
over US-China but sustainability on lower side will be
difficult on global risk sentiments

Weekly Summation Report

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 Weekly Wrap-up

Updated Corporate Actions:

Dividend
Co_Name Ex-Date Div. % DPS FV CMP Type Div. Yield(%) Remark

TVS Srichakra 9/3/2019 400.0 40.0 10 1769.9 Final 2.3

India Cements 9/4/2019 8.0 0.8 10 75.7 Final 1.1
Caplin Point Lab 9/4/2019 110.0 2.2 2 415.0 Final 0.5
KCP Sugar &Inds. 9/4/2019 10.0 0.1 1 12.3 Final 0.8
T.V. Today Netw. 9/4/2019 45.0 2.3 5 304.9 Final 0.7
Finolex Cables 9/5/2019 225.0 4.5 2 363.0 Final 1.2
Assoc.Alcohols 9/5/2019 10.0 1.0 10 177.4 Final 0.6
Chambal Fert. 9/6/2019 20.0 2.0 10 154.0 Final 1.3
KEI Inds. 9/6/2019 60.0 1.2 2 465.4 Final 0.3
Pokarna 9/6/2019 30.0 0.6 2 126.8 Final 0.5
Central Dep. Ser 9/6/2019 40.0 4.0 10 193.4 Final 2.1
Rail V ikas 9/6/2019 0.9 0.1 10 24.4 Final 0.4
Dilip Buildcon 9/6/2019 10.0 1.0 10 364.5 Final 0.3
PSP Projects 9/6/2019 50.0 5.0 10 500.2 Final 1.0

Open Offer

Co_Name Start Date Close Date Offer Price Proposed Acquisition CMP
(Rs.) (No. of Shares) (Rs.)
Santosh Indus. 8/29/2019 9/5/2019 310.0 1253565 310.0
Manvijay Develop 8/22/2019 9/5/2019 10.0 1684800 72.0
Authum Invest 8/26/2019 9/9/2019 22.8 6282810 23.0
Kaycee Inds. 8/28/2019 9/12/2019 3475.0 16503 3425.3
Sobhagya Mercant 8/30/2019 9/16/2019 10.0 62400 1.6
Yogya Enterprise 8/30/2019 9/16/2019 22.0 910000 32.2
Linde India 9/3/2019 9/17/2019 478.4 21321056 494.8
Garv Industries 9/4/2019 9/17/2019 10.7 2652000 25.1
Supra Pacific 9/5/2019 9/19/2019 21.3 1430208 20.65
S I Cap. & Fin. 9/6/2019 9/20/2019 16.0 780000 15.4
Kavita Fabrics 9/6/2019 9/20/2019 6 2708864 6.44
Amarnath Sec. 9/18/2019 10/1/2019 16.5 780052 12.7
Pulsar Intl. 9/23/2019 10/7/2019 14 780000 1.05
Sunedison Infra. 9/23/2019 10/7/2019 13.0 1122475 5.8
Corporate Merch 10/10/2019 10/23/2019 10 858000 16.8
Kashiram Jain&Co 10/10/2019 10/23/2019 30.0 275600 10.0
Rapicut Carbides 10/15/2019 10/29/2019 42 1396524 39.25

Buyback Offer
Co-Name Offer Open Offer Close Buy Back Price (Rs.) Proposed Buy- CMP
No. of Shares
BSE 8/30/2019 9/16/2019 680.0
Weekly Summation Report 6764705 509.4
Infosys 3/20/2019 9/19/2019 800.0 103250000 807.0
Orbit Exports 3/29/2019 9/28/2019 130.0 769230 110.0
Aurionpro Sol. 4/5/2019 10/4/2019 185.0 1081081 90
Action Const.Eq. 5/23/2019 11/22/2019 125.0 2740000 55.9
Nava Bharat Vent 6/10/2019 12/9/2019 160.0 1562500 80.95
GE Shipping Co 6/14/2019 12/13/2019 306.0 3267973 240.0
Vaibhav Global 8/20/2019 2/19/2020 1000.0 720000 848.75

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 Weekly Wrap-up

Bonus
Co_Name Ex Bonus Date Ratio
Astral Poly 9/16/2019 1:4 (1 bonus equity shares for every 4 equity shares held)

Stock Split
Co_Name Stok Split Date Record Date FV Before Split FV After Split Remark
HDFC Bank 9/19/2019 9/20/2019 2.0 1.0

Weekly Summation Report

SBICAP Securities Limited / 12

 Weekly Wrap-up

SBICAP Securities Limited

(CIN): U65999MH2005PLC155485
SEBI Registration No.: Stock Broker: INZ000200032 | DP Registration No.: IN-DP-314-2017| Research Analyst : INH000000602
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The Analysts engaged in preparation of this Report or his/her relative:-
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The Analysts engaged in preparation of this Report:-
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party in connection with the Report; (f) has not served as an officer, director or employee of the subject company; (g) is not engaged in market making activity for the
subject company.
Name Qualification Designation
Mahantesh Sabarad B. E. MMS Head - Retail Research
Rajesh Gupta PGDBM (Finance), MA (Bus. Eco) AVP - Research
Ashu Bagri B.Com AVP - Technical Research
Amit Bagade MBA Sr. Research Analyst - Equity Technical
Janhvee Mishra M.Com Research Analyst - Equity Technical
Monica Chauhan C.A. Research Analyst - Equity Fundamental
Nilesh Patil B.Sc IT; PGDBM Associate Analyst - Equity Fundamental
Tanay Rasal B.E. M.Sc (Finance) Associate Analyst - Equity Fundamental
Jaldeep Vaishnav PGDBM (Finance) Sr. Research Analyst - Equity Derivatives
Gautam Updhyaya MBA (Finance) Research Analyst - - Equity Derivatives
Netra Deshpande MMS (Finance) Research Analyst - Currency & Commodity Fundamental
Kaynat Chainwala MMS (Finance) Research Analyst - Currency & Commodity Fundamentals
Mital Chheda MMS (Finance) Research Analyst - Mutual Fund

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SBICAP Securities Limited / 13

 Weekly Wrap-up

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Weekly Summation Report

SBICAP Securities Limited / 14