For Private Circulation Only

Retail Research 26 July, 2019

CNX Nifty MARKET REVIEW

Indian equity markets continue to witnessed deep sell-off on the
back of weak domestic cues albeit global cues was mixed. Tepid
corporate earnings, weak management commentaries, premium
valuation and budget overhang continues to disturb investors
sentiments. While large cap indices closed with over a present cut,
Mid/Smallcap indices underperformed with huge divergence. FIIs
have net sold to the tune of over USD 2 billion in the month of July
itself while DIIs have poured an equitant number. Sensex and Nifty
closed with weekly cuts of 1.2% each at 37,882.8 and 11,284.3
points respectively while Mid/Smallcap indices closed with losses
19-Jul 26-Jul
of 1.6% and 1.9% at 13,856.2 and 13,060.3 points respectively.
Indices % Chg
Nifty 11419.3 11284.3 (1.2) Quarterly results for the next week:
Sensex 38337.0 37882.8 (1.2)
Name Date Name Date
Midcap 14078.3 13856.2 (1.6)
Small cap 13310.4 13060.3 (1.9) Kansai Nerolac 29-07-2019 Dr Reddy's Labs 29-07-2019
GHCL 29-07-2019 Bharat Electron 29-07-2019
Navin Fluo.Intl. 29-07-2019 Castrol India 29-07-2019
Indices 19-Jul 26-Jul % Chg
Hero Motocorp 30-07-2019 NOCIL 30-07-2019
BSE Realty 2141.1 2115.1 (1.2)
EIH Assoc.Hotels 30-07-2019 Cholaman.Inv.&Fn30-07-2019
BSE healthcare 12772.4 12959.3 1.5
MRPL 30-07-2019 Axis Bank 30-07-2019
BSE Bankex 33464.0 33118.7 (1.0) Tech Mahindra 30-07-2019 Tata Global 31-07-2019
BSE IT 15455.0 15442.4 (0.1) L G Balakrishnan 31-07-2019 IOCL 31-07-2019
BSE FMCG 11087.4 11115.9 0.3 Container Corpn. 31-07-2019 CreditAcc. Gram. 31-07-2019
BSE Cap Goods 18026.9 17778.6 (1.4) Marico 01-08-2019

BSE PSU 7333.2 7129.1 (2.8)

BSE Oil 13906.0 13526.9 (2.7) CORPORATE

Bse Auto 16261.6 16185.2 (0.5)
Persistent Systems June quarter net profit down 5.6%
BSE Cons Durab 22927.8 22942.9 0.1
Persistent Systems reported a 5.6 percent fall in net profit at Rs
BSE Power 2003.9 1994.0 (0.5) 82.4 crore for the quarter ended June 2019. It had posted a net
BSE Metal 10239.7 10077.5 (1.6) profit of Rs 87.3 crore in the same quarter last year. Revenues for
the quarter were down marginally, 0.3 percent, at Rs 832.1 crore,
while in dollar terms revenue was down 3.2 percent at $119.62
22 July - 26 July
million. "In first quarter at the company, it is found that
Rs in Cr FII Inv DII Inv fundamentals are sound which is evidenced by key wins,
Buy 23570.3 25120.3 outstanding client satisfaction and total team strength crossing
Sell 29915.2 16209.0 10,000 employees, a first in company history. Company's focus
Net (6,344.9) 8,911.3
remains on sustained profitable growth," said CEO of the company.
(ET)
 Weekly Wrap-up

Asian Paints Q1 net profit rises 18% to Rs 655 crore

Top 5 Performers – Sensex
Close Close % Chg Asian Paints said its consolidated net profit after minority interest
19-Jul 26-Jul jumped 17.7 percent year-on-year (YoY) to Rs 655 crore for the
Yes Bank 83.3 96.1 15.4 quarter ended June 30, 2019 compared with Rs 556.85 crore in
Asian Paints 1,368.0 1,524.6 11.4 the same quarter last year. Revenue from operations jumped 16.6
SUNPHARMA 421.6 439.8 4.3 percent YoY to Rs 5,130.63 crores from Rs 4,398.59 crore. Profit
Hero MotoCorp 2,387.7 2,468.1 3.4 before depreciation, interest, tax and other income (PBDIT) climbed
POWERGRID 205.9 211.1 2.5 24.4 percent to Rs 1,156.25 crore from Rs 929.70 crore a year ago.
"The decorative business segment in India registered a high double-
digit volume growth and delivered strong performance across
Top 5 Performers – Nifty
regions. The Automotive coatings JV (PPG-AP) business was
Close Close % Chg effected by the severe slowdown being witnessed in the
19-Jul 26-Jul automobile industry. Even the Industrial Coatings JV (AP-PPG)
Yes Bank 83.3 96.1 15.4 business was impacted by demand slowdown. Benign raw material
ZEEL 353.0 403.9 14.4 prices, however, supported the margins for the entire coatings
Asian Paints 1,369.1 1,526.5 11.5 business as per management. (ET)
SUNPHARMA 421.4 440.0 4.4
Bajaj Auto's margins contract in Q1
Bharti Infratel 259.5 270.2 4.1
Bajaj Auto said its standalone profit rose by 1 percent to Rs 1,126
crore in the June quarter compared with Rs 1,115 crore in the same
Top 5 losers – Sensex
quarter last year. Margins took a beating, falling to 16.1 percent
Close Close % Chg
from 18.3 percent. Turnover for the quarter rose 5 percent to Rs
19-Jul 26-Jul
8,197 crore from Rs 7,812 crore in the year-ago period. EBITDA
HDFC 2,303.9 2,168.5 -5.9
dropped 9 percent to Rs 1,250 crore against Rs 1,367 crore in the
Tata Motors 154.8 147.2 -4.9
corresponding quarter last year. The company recorded a growth
Tech Mahindra 675.0 643.3 -4.7
of 3 percent over Q1FY19 as against an industry de-growth of 9
HDFC Bank 2,376.0 2,276.3 -4.2
percent. Overall share in the domestic motorcycle market was at
Tata Motors-DVR 73.7 70.9 -3.8
18.3 percent against 16.3 percent in Q1FY19. Retail share in the
domestic motorcycle market is nearly 19 percent. The company
Top 5 losers – Nifty recorded sales of over 86,000 units and continued to maintain
Close Close % Chg dominance with market share of 57 .1 percent in commercial
19-Jul 26-Jul segment. (ET)
UPL 643.5 601.6 -6.5
Tata Motors Q1 loss doubles to Rs 3,680 crore as JLR
HDFC 2,303.6 2,165.8 -6.0
woes continue
ADANIPORTS 405.5 381.7 -5.9
Coal India 221.9 210.7 -5.1 Homegrown auto major Tata MotorsNSE 1.98 % on Thursday said
Tata Motors 154.9 147.2 -5.0 its losses doubled to Rs 3,679.66 crore in the June quarter against
a loss of Rs 1,862.57 crore last year. The firm's British luxury arm
Jaguar Land Rover posted a pre-tax loss of 395 million pounds.
The group's overall revenue came in at Rs 60,830.16 crore.
Consolidated Ebitda margins fell 130 basis points to 6.2 percent.
CEO and MD of Tata Motors said that the continued slowdown
Weekly Summation Report
across the auto industry due to weak consumer sentiment, liquidity
stress and the impact of axle load effect particularly in medium
and heavy-duty segment, impacted overall demand. (ET)

SBICAP Securities Limited / 2

 Weekly Wrap-up

10 years Government of India Bond Yield ECONOMY

Gross NPAs of public sector banks have declined by over
Rs 89,000 cr till March: Govt
The gross non-performing assets (NPAs) of public sector banks (PSBs)
have declined by Rs 89,189 crore from a peak of more than Rs 8.95
lakh crore in March 2018 to over Rs 8.06 lakh crore in March this
year as per the Government. As per Reserve Bank of India (RBI) data
on global operations (provisional data for the financial year ending
March 2019), gross NPAs of PSBs have declined by Rs 89,189 crore
from the peak of Rs 8,95,601 crore in March 2018 to Rs 8,06,412
crore in March 2019 (provisional data). Aggregate gross advances
of PSBs increased from over Rs 18.19 lakh crore as on March 31,
2008 to more than Rs 52.15 lakh crore as on March 31, 2014. The
Government securities market %
asset quality review (AQR) initiated in 2015 for clean and fully
91 days T-bill* 5.7364 provisioned bank balance-sheets revealed high incidence of NPAs.
182 days T-bill* 5.9471 Over the last four financial years, PSBs were recapitalised to the
extent of Rs 3.12 lakh crore, with an infusion of Rs 2.46 lakh crore by
364 days T-bill* 5.9823
the government and mobilisation of over Rs 0.66 lakh crore by PSBs
*cut off at last auction themselves. (ET)

Auto component industry fears loss of 10 lakh jobs due to

prolonged slowdown
Key Economic Indicators $bn Auto Component Manufacturers Association of India (ACMA) sought
reduction in GST rate to a uniform level of 18 percent for the entire
External debt 543.00
automobile industry to stimulate demand and help save around 10
Forex reserves 430.38 lakh jobs, which are at risk due to prolonged slowdown in vehicle
CAD -4.60 sales. The industry body, which represents the auto components
industry that alone employs around 50 lakh people, also sought
CPI(%) 3.18
clarity on policy for electrification of vehicles. Considering the auto
WPI(%) 2.45 component industry grows on the back of the vehicle industry, a
IIP (%) 3.10 current 15-20 percent cut in vehicle production has led to a crisis-
like situation. The process of layoffs has already started in some
places. (ET)

Raw silk production increased by 10.52 percent

India is the second largest producer of silk in the world and the total
Monetary policy data Current Previous Chg raw silk production in the country increased by 10.52 percent during
(INDIA) % % bps 2018-19 over the previous year according to Union Textiles Minister.
Repo rate 5.75 6.00 (25) Among the four varieties of silk produced in 2018-19, Mulberry
accounts for 71.50 percent (25,213 MT), Tussar 8.44 percent (2,977
Reverse Repo rate 5.50 5.75 (25)
MT), Eri 19.40 percent (6,839 MT) and Muga 0.66 percent (232 MT)
CRR 4.00 4.00 Weekly
- Summation Report
of the provisional total raw silk production of 35,261 MT. The total
raw silk production in the country increased by 10.52 percent (35,261
Metric Tonne (MT)) during 2018-19 over the previous year 2017-18
(31,906 MT). The minister said the Central Silk Board (CSB), a
statutory body under the Ministry of Textiles is encouraging
production and export of silk. (ET)

SBICAP Securities Limited / 3

 Weekly Wrap-up

World Indices 19-Jul 26-Jul % Chg GLOBAL EVENTS

DJIA* 27223.0 27141.0 -0.3
Nasdaq* 8207.2 8238.5 0.4 Pakistan imports over $36 million worth of anti-rabies, anti-
Nikkei 225 21467.0 21658.2 0.9
venom vaccines from India
Straits Times 3378.0 3363.8 -0.4 Over USD 36 million worth of anti-rabies and anti-venom vaccines
Hang Seng 28765.4 28397.7 -1.3 have been imported by Pakistan from India due to lack of
manufacturing capacity in the country. Pakistan imported anti-
FTSE 100* 7493.1 7508.7 0.2
rabies and anti-venom vaccines worth over Rs 250 crores (USD 36
DAX* 12227.9 12260.1 0.3
million) from India. The Ministry of National Health Services (NHS)
Shanghai Composite 2939.4 2944.5 0.2 submitted the statistics in the Senate Standing Committee after
* Closing as on 25th July, 2019 Senator asked about the quantity and value of medicines being
imported from India. (ET)

Boris Johnson to be the new Prime Minister of Britain

Boris Johnson won the Conservative Party's leadership race to
Currencies Vs INR 19-Jul 26-Jul % Chg
become the next Prime Minister of Britain, amid the political
USD 68.8 68.9 0.1 uncertainty over the country's divorce deal with the European
GBP 86.2 85.6 -0.7 Union. Johnson, the former foreign secretary and London Mayor,
EURO 77.3 76.7 -0.8 was widely expected to beat foreign secretary Jeremy Hunt in the
YEN (100 units) 63.9 63.4 -0.8 battle for 10 Downing Street, which was triggered last month when
a Brexit-battered May resigned amid a mounting rebellion from
within the Conservative Party. The new Prime Minister is expected
to spend some time finalising his key Cabinet and ministerial posts
soon after the results. (ET)
Commodity data 19-Jul 26-Jul % Chg
Brent Crude ($/bbl) 62.5 63.8 2.1
US reclaims its place in top 5 innovative economies, China
climbs to 14th
Gold(Rs/10gm) 34441.0 34407.0 -0.1
The United States reclaimed its ranking in the top five countries in
Silver(Rs/kg) 37755.0 37733.0 -0.1
the world for economic innovation, while China climbed from 17th
to 14th position in the new list of nearly 130 nations released. The
Global Innovation Index 2019 released by the UN intellectual
property agency, one of its co-sponsors, says "innovation is
blossoming around the world" despite an economic slowdown,
brewing trade battles and high economic uncertainty. The index
keeps Switzerland in the No 1 spot a position it has held since 2011
followed by Sweden, the United States, the Netherlands and
Britain. The United States had fallen from fourth place in the 2017
rankings to sixth in 2018. (BS)

Weekly Summation Report

SBICAP Securities Limited / 4

 Weekly Wrap-up

Technical Desk:
Nifty August Future Weekly Chart

MARKET OUTLOOK:
The week gone by:
Nifty future closed at 11327.00 losing by 0.83 % from the previous week's close of 11421.85.
During the week nifty future opened at high of 11407.75, made a low of 11226.90 and closed the week 11327.00. The
volumes were higher than the previous week indicating strength in the down move. This week nifty future gave range of
180.85 points.

Pattern:
Nifty future has taken 38.20% Fibonacci Retracement support around level of 11320 (From the swing low of 10030.10
made on late October march 2018 to all time high of 12118 made on early June 2019.)
Nifty future on the lower side may find support around 50% Fibonacci Retracement level of 11100 (From the swing low
of 10030.10 made on late October 2018 to all time high of 12118 made on early June 2019) that coincides with the low
of big blue candle made on Mid-March 2019 and may face resistance around previous week open at 11585 level.

The week ahead:

The nifty future may find supports around 10947-11090 on the downside which are price extension drawn from low
to high.
The nifty future may find resistance around 11413-11618 on the upside which are price extension drawn from low
to high.
Weekly
The nifty future has closed at lower level of weekly chartSummation Report
showing bearishness for the next week. The volumes were more
as compared to previous week showing strength in the down move. Nifty future has closed below 11413. If it remains
below 11413 then immediately on the downside it will find support at 11090.This week nifty future has made a high of
11407.75 while our resistance was at 11413.Above 11413 there will be bullish trend in the market. Buyers will have an
upper hand. Below that bear will take over the market. Since nifty future has closed below 11413 levels, we can see a
bearish trend in the market.
Broader trading range for the week: 10947 - 11618
Immediate probable trading range for the week: 11090 - 11413

SBICAP Securities Limited / 5

 Weekly Wrap-up

Derivatives Desk:

Weekly Market Summary

Nifty Futures closed at 11327, down by 94.85 points or -00.83% since last week. Nifty futures premium increased to 42.70 points
from 02.60 points premium of previous week. Bank Nifty was down by 315.70 points or -1.06% to close at 29465.65
Nifty Futures OI stood at 176.65 Lac, decreased by -12.86% from 202.72 Lac of previous week. The annualized Cost of Carry
increased to 4.06% from 0.24%
The Put-Call Ratio increased to 1.37 from 1.05. Nifty Call shed total OI of -126.12Lac shares, with major OI addition of 10.45Lac
at 11300 strike, 7.62Lac at 11800 strike and 7.45Lac at 11500 strike price respectively while there was unwinding of 0.31Lac at
10900 strike and 0.65Lac at 11100 strike.
Nifty Put shed total OI of -27.98Lac shares, with major OI addition of 10.18Lac at 11200 strike, 9.32Lac at 10800 strike and
8.87Lac at 11300 strike price respectively while there was unwinding of 0.53Lac at 11500 strike and 0.57Lac at 11600 strike.
Highest Open interest build up in Nifty call options observed at 11800 strike price with OI of 12.55Lac and put side it is observed
at 11000 strike price with OI of 29.09Lac followed by 11500 call and 11200 put.
Average Implied Volatility (IV) for NIFTY options decreased to 0.18% from 11.51% and historical volatility (HV)decreased to
12.50% from 16.34%
Total market wide open interest decreased by -20.87% from 589.16Cr to 466.23Cr on weekly basis. The colossal sheding in OI is
due to F&O expiry week.
Some stocks observed with Long addition are VEDL, BERGEPAINT, ICICIPRULI, ASIANPAINT and PIDILITIND, while stocks observed
with Short addition are PVR, BAJFINANCE, BAJAJFINSV, SRTRANSFIN and IOC.
Long Unwinding was observed in stocks like RECLTD, OIL, TVSMOTOR, CONCOR and BSOFT, while Short Covering was observed
in stocks like INDIGO, ENGINERSIN, SAIL, NATIONALUM and ACC.
Stocks with increased HV are NIITTECH, TORNTPHARM, M&MFIN, HDFC and SRTRANSFIN, while stocks with decreased HV are
WIPRO, TITAN, MINDTREE, BHARATFORG and ADANIPOWER.
Market Outlook: - Nifty Futures closing lower for the fourth consecutive week. Nifty Futures ended the July series expiry nearly 5%
lower the most since Oct 2018. Highest open interest build up is currently seen in 11400CE and 11200 PE, only a surge past 11420-
11440 levels could result in short covering and a medium term reversal in trend. The focus of the market participants continues to
remain on the Q1 earnings season which is currently underway. Nifty future may find resistance at 11530-11630 while support may
be seen at 11130- 11030 levels.
Price Gainers Price Losers
Symbol Close Price_Chg OI_Chg Symbol Close Price_Chg OI_Chg
RELINFRA 50.00 17.92% -17.90% M&MFIN 297.55 -17.74% 13.35%
YESBANK 96.70 16.02% -17.48% IDEA 9.35 -14.61% -5.58%
ZEEL 404.70 14.79% -19.70% KAJARIACER 477.80 -9.89% -24.94%
ASIANPAINT 1531.25 11.98% 3.87% CANBK 240.75 -9.41% -12.19%
TORNTPHARM 1658.25 9.53% -7.89% IDBI 30.90 -8.98% -23.98%
Weekly Summation Report
OI Gainers OI Losers
Symbol Close Price_Chg OI_Chg Symbol Close Price_Chg OI_Chg
PVR 1,669.90 -3.17% 29.90% INDIGO 1,588.30 8.26% -44.29%
BAJFINANCE 3,275.05 -1.43% 20.91% RECLTD 141.30 -4.66% -42.42%
BAJAJFINSV 7,273.25 -3.78% 19.66% OIL 155.70 -1.39% -36.26%
SRTRANSFIN 980.15 -7.65% 16.33% TVSMOTOR 376.70 -4.77% -34.01%
IOC 140.70 -4.19% 13.60% CONCOR 515.20 -4.10% -32.78%

SBICAP Securities Limited / 6

 Weekly Wrap-up

Currency Derivatives Desk:

Major Macro Global Events Ahead USDINR v/s Dollar Index

Economic Events Country Day

BOJ press conference Japan July 30

Prelim GDP (qoq) Euro zone July 31
FOMC monetary decision US July 31
BOE monetary policy UK Aug 01
Global manufacturing PMI ALL Aug 01
Non-farm payrolls US Aug 02

Macro Headlines:
The Indian Rupee weakened to one month low above Rs 69.10 per dollar pertaining to a weakness of FII inflows into
local equities and broader strength of dollar ahead of the US second quarter GDP report. The International Monetary
Fund (IMF) lowered India's growth rate by 0.3% on muted domestic demand with cautious management commentary
from corporates and relentless selling by foreign investors.
The dollar index climbed to two months high at 97.67 caused by both the European Central Bank's easing policies and
appointment of U.K.'s new Prime Minister.
The number of Americans applying for first-time unemployment benefits fell last week for the third time in four weeks,
a sign of a firm labor market. The U.S. homeownership rate fell for a second straight quarter, as high prices and limited
starter-home inventory are steering more households toward renting.
The European Central Bank President kept its interest rates unchanged but strongly signaled that it would adopt new
stimulus measures, including interest-rate cuts at its next meeting in September for the first time since early 2016,
a sign of global-easing cycle is gaining momentum.
The Euro fell 0.89% to $1.1135 as Eurozone government bond yields drifted lower in acknowledgement of the European
Central Bank's fresh commitment to embark on more monetary stimulus measures.
The GBPUSD extended losses below $1.2500 trading near 27 months low as victory of Boris Johnson's in the UK
leadership contest adding risk of leaving the EU on October 31 even if no new deal was agreed.
The Japanese yen traded at two weeks low at 108.75 heading for its worst week in almost four months as yields on
Japanese government bonds are seen following their global peers higher after the European Central Bank's meeting,
with focus also on the Bank of Japan's regular debt-buying operation.
The India's benchmark 7.26%-2029 government bond yield rebounded from 31 months low at 6.56% from 6.25% last
week while the US 10 year bond yield climbed to 2.12% from 2.10% 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 July 68.9150 0.07 EURUSD 1.11333 -0.78
GBPINR July 85.6775 -0.78 GBPUSD 1.24307 -0.69
EURINR July 76.7450 -0.91 USDJPY 108.668 0.86
JPYINR July 63.4725 -0.83 DXY 97.9124 0.82

SBICAP Securities Limited / 7

 Weekly Wrap-up

Mutual Fund Desk:

Mutual Fund Commentary:

More and more millennials are taking to mutual fund investing and are letting their corpuses grow by holding them over
long terms. According to data from Computer Age Management Services (Cams), a transfer agency which services 68%
of MFs in India, of the 3.6 million new MF investors it onboarded in FY18-19, 47% (1.7 million) were millennials (between
20 and 35 years). Cams data shows that women make for 24% of the 1.7 lakh millennial investors, indicating increased
financial independence and participation of women in money-related decisions. With an average ticket size of Rs2,118,
over 1 million millennial investors preferred the systematic investment plan (SIP) route to enter equity mutual funds.

Dividend Declared:
Scheme Name Record Date Dividend (Rs. Per Unit)
LIC MF Large Cap-D 29 July 2019 0.15
LIC MF Equity Hybrid-D 29 July 2019 0.10
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 -2.65 -4.12 -3.18 0.28 9.22 8.7
Equity: Large & MidCap -3.01 -4.8 -3.9 -3.35 7.49 10.27
Equity: Multi Cap -2.7 -4.37 -3.3 -2.48 7.93 9.75
Equity: Mid Cap -3.41 -5.92 -6.79 -8.87 5.08 10.82
Equity: Value Oriented -2.97 -5.27 -5.7 -6.5 6.46 9.51
Equity: ELSS -2.84 -4.74 -3.71 -3.15 7.74 9.78
Hybrid: Equity Savings -1.02 -1.41 -0.16 2.21 6.06 --
Hybrid: Aggressive Hybrid -2.16 -3.28 -2.62 -0.61 7.14 8.96
Hybrid: Conservative Hybrid -0.88 -0.71 0.33 3.72 6.14 7.7
Debt: Corporate Bond -0.17 1.21 -0.32 4.55 5.52 6.98
Debt: Credit Risk -0.09 -0.75 -2.82 0.68 4.7 7.62
Debt: Dynamic Bond -0.44 1.4 3.23 9.16 6.67 8.17
Debt: Long Duration -1.2 2.6 9.91 19.28 9.14 9.99
Debt: Gilt -0.7 2.18 7.05 14.32 8.02 9.46
Debt: Liquid 0.11 0.53 1.66 6.88 6.76 7.36
Debt: Ultra Short Duration 0.1 0.76 1.43 6.13 6.44 7.28
Debt: FMP 0.1 0.54 1.39 6.56 6.79 7.4
Source: Ace MF; Data as on 26th July 2019
For all categories, returns < 1 year are absolute and returns >= 1 year are CAGR returns.

Fund We like
Mutual Fund Categories 1 Wk 1 Mth 3 Mths 1 Yr 3 Yrs 5 Yrs
Franklin India Prima Fund(G) Weekly Summation
-2.55 -4.89 Report -5.31 -5.67 6.13 12.47
Source: Ace MF; Data as on 26th July 2019
Returns < 1 year are absolute and returns >= 1 year are CAGR returns.

SBICAP Securities Limited / 8

 Weekly Wrap-up

Mutual Fund Transaction Trends:

(Rs. in Crore) Equity Debt

Date Gross Purchase Gross Sale Net Gross Purchase Gross Sale Net
18-Jul-2019 2,514.61 2,278.33 236.28 9,214.35 7,884.21 1,330.14
19-Jul-2019 2,731.14 2,217.22 513.92 10,608.50 8,730.84 1,877.66
22-Jul-2019 3,572.24 1,915.72 1,656.52 7,128.42 5,054.26 2,074.16
23-Jul-2019 3,836.91 2,157.68 1,679.23 7,005.12 5,446.00 1,559.12
24-Jul-2019 3,857.21 2,297.95 1,559.26 7,463.82 6,059.27 1,404.55
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.)
22-Jul-2019 4,665.50 2,835.60 1,829.90
23-Jul-2019 5,611.42 2,986.32 2,625.10
24-Jul-2019 5,419.00 3,278.74 2,140.26
25-Jul-2019 5,579.11 5,180.58 398.53
26-Jul-2019 3,845.28 1,927.76 1,917.52
Source: BSE

Ongoing NFO & FMP:

Scheme Name Category Type Open Date Close Date Min Invest.
SBI FMP-14-1102D Fixed Maturity Plans Debt 23-Jul-2019 29-Jul-2019 5,000
Union Focused Fund Equity - Focused Fund Equity 15-Jul-2019 29-Jul-2019 5,000
Axis Money Market Fund Debt - Money Market Fund Debt 26-Jul-2019 01-Aug-2019 5,000
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)

NMDC LTD. BUY 111.3 116.8 108.5
POWER GRID CORPORATION OF INDIA LTD. BUY 211.6 222.1 206.3
BRITANIA INDUSTRIES AUGUST FUTURE SELL 2658.9 2525.9 2725.3
GRASIM INDUSTRIES AUGUST FUTURE SELL 873.9 830.2 895.7
HDFC LTD. AUGUST FUTURE SELL 2178.7 2069.8 2233.2

Derivative Strategies:

Max Profit Max Loss

Scrip Lot Size Buy/ Sell Range Avg. Price BEP
(on Expiry) (on Expiry)
NIFTY 11400 Call
75 Buy 1 Lot 22 23 22.5
01AUG
Rs.6300 Rs.-1200 11416
NIFTY 11500 Call
75 Sell 1 lot 6 7 6.5
01AUG

Currency Trading Weekly Outlook

Currencies View Support Resistance
USDINR August Further upward bias still remains unless prices trading firm above 68.50 69.60
68.80-69 levels ahead of Fed monetary decision pending next week
GBPINR August Slight corrective move on higher side already witnessed as GBPUSD 85.00 86.80
reached to 27 months low, but overall GBPINR pair is unlikely
to sustain on higher side unless it breaches above 86.60
EURINR August Risk of the break below 76.50 remains high, as long as the 76.60 78.00
resistance at 77.60 is not surpassed in near term
JPYINR August Pair will come down further below 63.50 unless USDJPY hovering 63.00 64.50
above 108-108.50 levels

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 Weekly Wrap-up

Updated Corporate Actions:

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

Berger Paints 7/26/2019 190.0 1.9 1 327.0 Final 0.6

Adani Ports 7/26/2019 10.0 0.2 2 380.2 Final 0.1
Arvind Ltd 7/29/2019 20.0 2.0 10 58.5 Final 3.4
Titan Company 7/29/2019 500.0 5.0 1 1090.3 Final 0.5
Lupin 7/29/2019 250.0 5.0 2 771.7 Final 0.6
Pidilite Inds. 7/29/2019 650.0 6.5 1 1233.7 Final 0.5
Adani Enterp. 7/29/2019 40.0 0.4 1 129.3 Final 0.3
Karnataka Bank 7/29/2019 35.0 3.5 10 94.6 Final 3.7
NIIT 7/30/2019 250.0 5.0 2 98.5 Final 5.1
Igarashi Motors 7/30/2019 49.0 4.9 10 219.2 Final 2.2
Avanti Feeds 7/30/2019 400.0 4.0 1 319.0 Final 1.3
La Opala RG 7/30/2019 60.0 1.2 2 177.0 Final 0.7
Endurance Tech. 7/30/2019 55.0 5.5 10 938.4 Final 0.6
ITD Cem 7/31/2019 40.0 0.4 1 86.4 Final 0.5
Cipla 7/31/2019 150.0 3.0 2 536.2 Final 0.6
Cummins India 7/31/2019 500.0 10.0 2 751.1 Final 1.3
The Ramco Cement 7/31/2019 300.0 3.0 1 744.5 Final 0.4
Shree Cement 7/31/2019 350.0 35.0 10 21195.8 Final 0.2
Thomas Cook (I) 7/31/2019 37.5 0.4 1 189.8 Final 0.2
Emami 7/31/2019 400.0 4.0 1 319.2 Final 1.3
Bharat Forge 8/1/2019 125.0 2.5 2 428.3 Final 0.6
Blue Star 8/1/2019 500.0 10.0 2 740.8 Final 1.3
Britannia Inds. 8/1/2019 1500.0 15.0 1 2671.3 Final 0.6
MRF 8/1/2019 540.0 54.0 10 54083.1 Final 0.1
Pfizer 8/1/2019 225.0 22.5 10 3171.1 Final 0.7
Honeywell Auto 8/1/2019 450.0 45.0 10 22429.4 Final 0.2
Ratnamani Metals 8/1/2019 450.0 9.0 2 948.6 Final 0.9
CCL Products 8/1/2019 87.5 1.8 2 244.1 Final 0.7
HDFC Bank 8/1/2019 250.0 5.0 2 2285.8 Special 0.2
NRB Bearings 8/1/2019 130.0 2.6 2 125.0 Final 2.1
Advance. Enzyme. 8/1/2019 30.0 0.6 2 155.9 Final 0.4
Reliance Inds. 8/2/2019 65.0 6.5 10 1232.3 Final 0.5
Godrej Inds. 8/2/2019 115.0 1.2 1 459.9 Final 0.3
Dr Lal Pathlabs 8/2/2019 35.0 3.5 10 1148.4 Final 0.3

Open Offer

Co_Name Start Date Close Date Offer Price Proposed Acquisition CMP
(Rs.) (No. of Shares) (Rs.)
Kaycee Inds. 7/17/2019 7/30/2019 3475.0 16503 3252.0
Polaris Consulta 8/1/2018 7/31/2019 480.0 26419725 474.2
Internat. Paper 7/22/2019 8/2/2019 450.6 9942510 434.4
Reliance Nip.Lif 7/23/2019 8/5/2019 230.0 155742818 227.2
Essel Propack 7/29/2019 8/9/2019 139.2 82058934 132.6
Leena Consultant 7/30/2019 8/13/2019 13.0 60600 13.1
Gujchem Distill 7/31/2019 8/14/2019 120.0 42091 132.8
S R K Industries 8/1/2019 8/16/2019 0.7 39226700 0.8
Sobhagya Mercant 8/7/2019 8/22/2019
Weekly Summation 10
Report 62400 1.57
Manvijay Develop 8/14/2019 8/28/2019 10.0 1684800 70.7
Overseas Synth 8/16/2019 8/29/2019 4.43 1847224 5.05
Garv Industries 8/30/2019 9/13/2019 10.7 2652000 19.0
Supra Pacific 9/5/2019 9/19/2019 21.3 1430208 18.15
Kavita Fabrics 9/6/2019 9/20/2019 6.0 2708864 6.4
Yogya Enterprise 9/12/2019 9/25/2019 22 910000 27.5

SBICAP Securities Limited / 11

 Weekly Wrap-up

Buyback Offer
Co-Name Offer Open Offer Close Buy Back Price (Rs.) Proposed Buy- CMP
No. of Shares
Savita Oil Tech 7/16/2019 7/29/2019 1605.0 251000 1019.2
Triven.Engg.Ind. 7/22/2019 8/2/2019 100.0 10000000 61.0
Persistent Sys 2/8/2019 8/7/2019 750.0 3000000 562.0
Cyient 2/12/2019 8/9/2019 700.0 2857142 486.95
Infosys 3/20/2019 9/19/2019 800.0 103250000 794.5
Orbit Exports 3/29/2019 9/28/2019 130.0 769230 109.85
Aurionpro Sol. 4/5/2019 10/4/2019 185.0 1081081 103.5
Action Const.Eq. 5/23/2019 11/22/2019 125.0 2740000 79.15
Nava Bharat Vent 6/10/2019 12/9/2019 160.0 1562500 91.0
GE Shipping Co 6/14/2019 12/13/2019 306.0 3267973 239.5

Bonus
Co_Name Ex Bonus Date Ratio
Rites 8/8/2019 1:4 (1 bonus equity shares for every 4 equity shares held)
Eco Recyc. 8/22/2019 1:10 (1 bonus equity shares for every 10 equity shares held)

Right Issue
Co_Name Ex - Rights Date From Date Premium(Rs.) Price Date CMP
Pacific Inds 7/25/2019 7/26/2019 109.0 7/25/2019 115.8

Stock Split
Co_Name Stok Split Date Record Date FV Before Split FV After Split Remark
Sinnar Bidi Udy. 7/30/2019 7/31/2019 10.0 5.0
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

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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
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Gautam Updhyaya MBA (Finance) Research Analyst - - Equity Derivatives
Netra Deshpande MMS (Finance) Research Analyst - Currency & Commodity Fundamental
Mital Chheda MMS (Finance) Research Analyst - Mutual Fund

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 Weekly Wrap-up

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SBICAP Securities Limited / 14