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EQUITY INDICES
Indices Absolute Change Percentage Change
Domestic Last Trade Change 1-D 1-Mth YTD
BSE Sensex 58,250 (29.2) (0.1%) 6.8% 22.0%
CNX Nifty 17,354 (8.6) (0.1%) 6.6% 24.1%
S&P CNX 500 14,804 19.4 0.1% 6.6% 28.5%
SENSEX 50 18,217 (11.8) (0.1%) 6.6% 24.4%
ADRs / GDRs
Last Trade Change 1-D 1-Mth YTD
Dr. Reddy’s Lab (ADR) 66.3 (0.2) (0.3%) 4.3% (7.0%)
STOCK IN FOCUS Tata Motors (ADR) 19.8 0.1 0.3% 0.4% 57.3%
Infosys (ADR) 23.2 (0.2) (1.0%) 1.8% 36.8%
f Cera Sanitaryware (CERA) enjoys >12% market share in sanitaryware
ICICI Bank (ADR) 19.6 0.0 0.1% 3.1% 32.0%
business with strong positioning in faucetware and tiles business.
HDFC Bank (ADR) 76.7 (0.4) (0.5%) 1.8% 6.2%
f A prudent diversification into faucet-ware and tiles segment over Axis Bank (GDR) 54.0 0.0 0.0% 6.7% 27.7%
last 9 years enables the company to become a major one-stop Reliance Ind (GDR) 65.9 (0.7) (1.0%) 16.8% 20.4%
housing solutions provider, paving the way for long-term sustainable
COMMODITY MARKET
earnings growth.
Key Commodities Last Trade Change 1-D 1-Mth YTD
f With dominant presence in sanitaryware segment and business Brent Crude ($/bl) 72.8 0.2 0.2% 3.0% 40.4%
interest in allied businesses like faucetware, tiles and wellness Silver ($/Oz) 24.0 (0.0) (0.2%) 2.7% (9.7%)
products, CERA is likely to see healthy demand traction in ensuing Gold ($/Oz) 1,791.6 (1.9) (0.1%) 3.5% (6.0%)
years. Copper LME ($/MT) 9,289.3 22.8 0.2% (2.4%) 19.7%
f Additionally, balanced products portfolio at a varied price points, Aluminium LME ($/MT) 2,822.0 27.5 0.9% 9.0% 42.4%
For today’s trade, long position can be initiated in the range of Rs 985- Category BUY SELL NET Prev
FII 8,772.3 9,574.8 (802.5) (145.5)
997 for the target of Rs.1040 with a strict stop loss of Rs 970.
DII 5,390.9 5,390.3 .6 (136.6)
INDHOTEL (PREVIOUS CLOSE: 146) BUY
For today’s trade, long position can be initiated in the range of Rs 144- EXCHANGE TURNOVER
145 for the target of Rs.150 with a strict stop loss of Rs 143. Exchange Rs Crore
BSE Equity 3,814.4
MPHASIS (PREVIOUS CLOSE: 2958) SELL
BSE Derivatives 1,74,696.4
For today’s trade, short position can be initiated in the range of Rs 2980- NSE Equity 59,931.3
3010 for the target of Rs.2910 with a strict stop loss of Rs 3030. NSE Derivatives 63,03,668.8
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Institutional Equity Research NIFTY 17354 IN FOCUS September 09 2021
Technical Research
MARKET SYNOPSIS
f On Wednesday, NIFTY-50
consolidated in the narrow range
(17,383-17,324 levels) post a
flat start. In the second half, the
index witnessed minor decline
and slipped to 17,254-level. Later,
gradual recovery helped the index
to erase partial intraday loss.
f Mixed trend was observed across sectoral indices during the day, where none of the indices reported gain or loss of more than 1%.
NSE-NIFTY OUTLOOK
f Yesterday, NIFTY-50 witnessed minor decline after a narrow range consolidation and later, managed to erase partial intraday loss
with the help of gradual recovery. The index closed on flat to negative note for straight second trading session in a row. Overall market
breadth turned positive, while mixed trend witnessed across the sectors. Its key moving averages are sloping upwards on the hourly
timeframe chart. However its RSI is negatively poised. Major parameters are neutral, hence near-term consolidation or minor decline
cannot be ruled out before the index resumes its up-move. In case of decline, the index will find support at around 17,200-level initially
and 17,050-level subsequently. However a steady rise could lead the index towards 17,600-level.
f As for the day, support is placed at around 17,287 and then at 17,212 levels, while resistance is observed at 17,437 and then at 17,511
levels.
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Institutional Equity Research NIFTY 17354 IN FOCUS September 09 2021
Derivatives Snapshot
f NIFTY50 traded volatile with sharp swings at both the ends and closed flat to negative for the day. Nifty closed down by 9 points at 17,353 levels.
Among the nifty stocks 28 advanced and 22 declined during the day.
f Among sectors there was positive momentum across sectors with Banks and Consumer sectors to gain by 0.9% average while IT, Media and
Pharma declined by 0.5% for the day.
f Broader market indices remained flat with NIFTY 100, 200 and 500 to close down by 0.1% average while midcap indices and small cap indices
gained by 0.4% for the day.
f Nifty Sep futures end with 17 points premium at 17,371 mark while on other hand, Bank Nifty Sep futures ended with the premium of 114 points
at 36,882 mark.
f Nifty has ended flat for two days and we expect markets to trade volatile tomorrow with respect to the weekly expiry. On the higher side 17,500
CE remains a strong resistance.
Sectoral Activity: Amongst sectoral index Banks and Consumer remained in focus with positive momentum.
Stock Activity: Kotak Bank and Titan have witnessed long buildup in today’s trade.
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Institutional Equity Research NIFTY 17354 IN FOCUS September 09 2021
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Institutional Equity Research NIFTY 17354 IN FOCUS September 09 2021
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Institutional Equity Research NIFTY 17354 IN FOCUS September 09 2021
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Institutional Equity Research NIFTY 17354 IN FOCUS September 09 2021
Corporate Actions
Company Name Ex-Date Purpose
Gufic Biosciences Limited 09-Sep-21 Annual General Meeting/Dividend - Rs 0.10 Per Share
GNA Axles Limited 09-Sep-21 Dividend - Rs 2.50 Per Share/ Special Dividend - Rs 2.50 Per
Share
Kirloskar Electric Company Limited 09-Sep-21 Annual General Meeting
IZMO Limited 09-Sep-21 Annual General Meeting
Oricon Enterprises Limited 09-Sep-21 Annual General Meeting/Dividend - Rs 0.50 Per Share
Venus Remedies Limited 09-Sep-21 Annual General Meeting
Shiva Mills Limited 09-Sep-21 Annual General Meeting/Dividend - Re 1 Per Share
Shiva Texyarn Limited 09-Sep-21 Annual General Meeting/Dividend - Rs 1.20 Per Share
Speciality Restaurants Limited 09-Sep-21 Annual General Meeting
Vikas Lifecare Limited 09-Sep-21 Annual General Meeting
Shemaroo Entertainment Limited 09-Sep-21 Annual General Meeting
GOVERNMENT OF INDIA 13-Sep-21 Interest Payment
TIPS Industries Limited 13-Sep-21 Annual General Meeting/Dividend - Rs 2 Per Share
Alps Industries Limited 13-Sep-21 Annual General Meeting
Fiem Industries Limited 13-Sep-21 Annual General Meeting/Dividend - Rs 16 Per Share
Dalmia Bharat Sugar and Industries Limited 13-Sep-21 Dividend - Rs 3 Per Sh
Burnpur Cement Limited 13-Sep-21 Annual General Meeting
Donear Industries Limited 13-Sep-21 Annual General Meeting/Dividend - Rs 0.20 Per Share
Central Depository Services (India) Limited 13-Sep-21 Annual General Meeting/Dividend - Rs 9 Per Share
Ganga Forging Limited 13-Sep-21 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re
1/- Per Share
GATI Limited 13-Sep-21 Annual General Meeting
Honda India Power Products Limited 13-Sep-21 Annual General Meeting/Dividend - Rs 10 Per Share
J.Kumar Infraprojects Limited 13-Sep-21 Annual General Meeting/Dividend - Re 1 Per Share
Nectar Lifesciences Limited 13-Sep-21 Annual General Meeting
Quess Corp Limited 13-Sep-21 Annual General Meeting
RBL Bank Limited 13-Sep-21 Annual General Meeting
MphasiS Limited 13-Sep-21 Annual General Meeting/Dividend - Rs 38 Per Share/Special
Dividend - Rs 27 Per Share
Manaksia Limited 13-Sep-21 Dividend - Rs 3 Per Share
Manaksia Steels Limited 13-Sep-21 Annual General Meeting
Shah Alloys Limited 13-Sep-21 Annual General Meeting
Sterling Tools Limited 13-Sep-21 Annual General Meeting/Dividend - Re 1 Per Share
RattanIndia Enterprises Limited 13-Sep-21 Annual General Meeting
RattanIndia Power Limited 13-Sep-21 Annual General Meeting
S.A.L. Steel Limited 13-Sep-21 Annual General Meeting
Suryoday Small Finance Bank Limited 13-Sep-21 Annual General Meeting
Tree House Education & Accessories Limited 13-Sep-21 Annual General Meeting
Bliss GVS Pharma Limited 13-Sep-21 Annual General Meeting/Dividend - Rs 0.50 Per Share
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Institutional Equity Research NIFTY 17354 IN FOCUS September 09 2021
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Institutional Equity Research NIFTY 17354 IN FOCUS September 09 2021
Nitin
432a22d015e2e682, 2.5.4.20=676007f6b185199cf624269813
Inder
2.5.4.20=3cb1bf2e646442fd4d8342b19fe c33daae6425381e5df740270d7f49401a
1cc22d710adc5f4319d845b02347c9258d 3a17e, postalCode=421201,
08e, postalCode=400104, st=Maharashtra,
serialNumber=9a4b8b7984b36f1fea2b
Gohil
st=Maharashtra,
serialNumber=4980852ddfef2fea485e47 8524cc573899e90e5723bc22ef94d4f9d
Jain
33089184439, cn=Jatin Nitin Gohil
c4107f8ed6410b9dbb9b9db5acc229ef80
Date: 2021.09.09 07:47:40 +05'30'
4ab35f02, cn=Vikas Inder Jain
Date: 2021.09.09 07:47:05 +05'30'
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