Institutional Research

20 December 2016

Morning Report
Equity

Latest

% Chg

NSE Sect. Indices

Latest

% Chg

Nifty Gainers

8104

-0.43

NIFTY IT

10223.65

0.01

Sensex

26375

-0.43

NIFTY BANK

18257.05

(0.30)

DowJones

19883

0.20

NIFTY 500

6943.35

(0.48)

5457

0.37

NIFTY FMCG

19957.20

(0.13)

TATAPOWER

21791

-0.19

NIFTY INFRA

2717.75

(0.67)

GRASIM

3092

-0.81

NIFTY AUTO

9098.05

(0.61)

HCLTECH

826.00

0.66

19423

0.16

NIFTY ENERGY

10140.20

0.59

10555.70

(0.85)

Company

Price(Rs)

Chg(%)

NSE

INFRATEL

344.95

(3.01)

879.00

(2.32)

Nifty

Nasdaq
Hangseng
Shanghai
Nikkei
Strait Times

2920

0.25

NIFTY PHARMA

Kospi

2044

0.26

Advances / Declines

BSE

Company

Price(Rs)

Chg(%)

GAIL

424.80

2.34

AUROPHARMA

697.90

1.05

77.25

0.85

824.40

0.84

Nifty Losers

-0.38

Advances

1056

596

ASIANPAINT

7017

0.08

Declines

1571

1016

SUNPHARMA

633.20

(2.19)

CAC

4823

-0.22

193

80

ULTRACEMCO

3110.00

(2.13)

DAX

11427

0.20

2820

1692

HDFC

1243.65

(2.01)

Taiwan

9205

FTSE

Unchanged
Total

Market Sensor
Ashika Stock Broking Limited

US market closed higher Monday in low volume trade as traders bought some
recently less-favored sectors, while some top postelection plays lagged. Dow
Jones Industrial Average was up 0.20% or 39.65 points at 19883.06 Nasdaq
Composite was up 0.37% or 20.28 points at 5457.44 Standard &Poor's 500
was up 0.20% or 4.46 points at 2262.53
Indian Equity market inched further lower in a dull session on
Monday, mirroring the last session's move. Banking & financials, auto and
select healthcare stocks drove the market lower but ICICI Bank, Reliance
Industries and ITC arrested the fall. Nifty ended the previous day with a
decline of 0.43% or 35.10 points at 8104.35. On Mondays trading
session, FIIs sold net Rs.535.77 Cr in cash market and sold Rs.243.64 Cr in
derivative segment. Whereas, DII bought net Rs.556.36 Cr in cash segment.

Global News
The Bank of Japan is likely to keep monetary policy steady and give a more
upbeat view of the economy on Tuesday, reinforcing market expectations
that its future policy direction could be an increase - not a cut - in interest
rates. (Reuters)

Last Day
(Lakh)

2 Wk
Avg.
(Lakh)

SADBHIN

11.03

1.1

10

SHEMAROO

24.00

2.5

10

SOMANYCERA

1.00

0.1

TECHNO

3.04

0.4

52.98

7.9

Vol. Shockers

TV18BRDCST

Vol. Ch.
(Times)

Indian Forex

Closing

Chg

% Chg

USD/INR

67.726

(0.051)

(0.08)

GBP/INR

84.543

0.308

0.37

EUR/INR

70.842

0.088

0.13

JPY/INR

57.730

0.350

0.61

Precious Metal

Closing

Chg (Rs.)

Gold (Rs/10gm)

27285

(1954)

Silver (Rs/1kg)

39500

(90)

Price

% Chg.

Commodities

Changing technologies and globalization have put a premium on

completing a college education in order to get and keep higher-paying
jobs, Federal Reserve Chair Janet Yellen said on Monday. (Reuters)

Crude (US$/BBL)

51.9

0.04

Brent (US$/BBL)

54.9

(0.60)

China's economic growth is expected to cool in 2017 as its top leaders flag
tighter monetary policy and further curbs to clamp down on asset price
bubbles, especially in the property market, even as a sharp drop in the yuan
has fed fears of markets turmoil. (Reuters)

Silver (US$/oz)

St. Louis Federal Reserve President James Bullard, who until this week had
said the U.S. economy needed only one interest rate hike for the next several
years, said on Friday that he now views another rate hike next year as
appropriate. (Reuters)
The Federal Reserve will likely need to raise interest rates more than three
times next year and faces challenges in gradually cooling off the U.S.
economy, Richmond Fed President Jeffrey Lacker said on Friday. (Reuters)

Gold (US/oz)

1140.8

0.30

16.1

(0.74)

Copper (US$/MT)

5561.0

(1.56)

Alum (US$/MT)

1717.0

(0.89)

Zinc(US$/MT)

2632.0

(3.41)

Cl. Values

% Chg.

ICICI Bank

ADR

7.50

0.00

HDFC Bank

60.01

(1.32)

Infosys

14.87

(0.20)

Vedanta Ltd

12.93

(1.37)

Dr. Deddy's Labs

45.45

(0.50)

Wipro
Tata Motors

9.63

0.21

34.56

(0.09)

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research

GBP-USD

1.2404

0.0004

0.03

USD-JPY

117.34

0.2100

0.18

Bond Markets

6.68

-8.00 bps

Interbank call

6.09

-5.82 bps

Phoenix Mills entered into a share purchase agreement for acquisition

of the entire 15.18 per cent stake in its subsidiary Offbeat Developers
held by Vistra and IIRF.
Tata Coffee would set up a greenfield instant coffee facility in Vietnam
at a cost of $50 million (about Rs 350 crore), have an installed capacity of
5,000 million tonnes per annum.

30
556

179
211

-1000
-1500
-2000
-2500

FII/FPI

DII

Market Turnover - last 5 Trading Rs.Cr

Sessions
20,000
800,000

Rs.Cr

15,000

600,000

10,000

400,000

5,000

200,000

NSE Cash

BSE Cash

19-Dec-16

Domestic News

-177

-500

-266

16-Dec-16

Oil prices rose on Monday in anticipation of tighter crude supply going

into 2017 following the decision by OPEC and other producers to cut
output to prop up prices.

Institutional Activity (Last 5 trading

Sessions)
290

1000
Rs.Cr
500

13-Dec-16

Ashika Stock Broking Limited

The RBI restricted deposits of demonetised Rs 500 and Rs 1,000 notes

in excess of Rs 5,000 only once till December 30 -- after strict scrutiny.

Chg

10-yr bond

Prime Minister Narendra Modi addressed a well-attended public rally in

Kanpur, the precursor to what many expect to be his game changing
rally in Lucknow on January 2. The Lucknow public rally will come at the
end of his promised 50 days of pain of note ban.
The government over the next few days will examine the status of 72
coal blocks allocated either through allotment or auction route to
companies like NTPC, JSW Steel, Hindalco and SAIL.

Closing

15-Dec-16

In what may irk the Congress Party questioning the implementation of

demonetisation, NITI Aayog member Bibek Debroy on Monday said that
former Prime Minister Dr Manmohan Singh is mistaken in saying that
this move would hurt the nation's GDP and growth.

0.00

-632
-612
-90
-536

Having drawn a large pool of investments from its roadshows in Mumbai

and Bengaluru earlier this year and more recently at the 'Make in Odisha'
conclave, the state government has now set its eyes on implementation.

0.0008

-2,181

To support less-cash economy, telecom regulator Trai recommended

that a "reasonable" amount of free data access should be provided to
rural subscribers on monthly basis and the scheme could be funded
from the Universal Service Obligation Fund.

% Chg

1.0409

14-Dec-16

The government is set to extend the time frame for repayment of all
crop loans which are due in November-December by two months.

Chg

EUR-USD

201

Even as the government pushes hard for digital India, including in the
hinterland, Gujarat has witnessed a lack of interest by bankers in
financial inclusion in rural areas.

Global Forex Closing

-94

Gold imports witnessed a fall of 30.5% to $15.74 billion in AprilNovember of the current financial year, which is expected to keep a lid
on the current account deficit (CAD).

9-Dec-16
12-Dec-16
13-Dec-16
14-Dec-16
15-Dec-16
16-Dec-16
19-Dec-16
9-Dec-16
12-Dec-16
13-Dec-16
14-Dec-16
15-Dec-16
16-Dec-16
19-Dec-16

Economic News

NSE F&O(RHS)

Drug firm Wockhardt said that the UK health regulator has confirmed
that its manufacturing facility at Chikalthana in Maharashtra complies
with good manufacturing practices (GMP).
U.S. FDA withdraws approval of 28 drugs after Sun Pharma stops in
marketing.
Opto Circuits and its subsidiaries have received an order worth Rs 91
crore from Philips Health Care for various products manufactured by the
Opto Group of companies.
Granules OmniChem facility, a 50:50 joint venture company of Granules
India and Ajinimoto OmniChem NV, located at Vizag has completed its first
inspection by USFDA with seven observations.
1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research

Domestic News (Cont...)

Repo & Rev.Repo (%)

10
8

GRICL Rail Bridge Development, a wholly-owned subsidiary of

IL&FS Transportation Networks, said it will build eight railway
over-bridges in Gujarat at an estimated cost of Rs 250.85 crore.

6
4

Goldman Sachs initiated coverage on Coal India with 'Buy' rating

with a target price of Rs 360. The scrip is trading at Rs 287.70.

9.0

The High Court of Judicature at Bombay has approved the

Scheme of Amalgamation of Balkrishna Synthetics with Siyaram
Silk Mills Limited.

4.0

17-Apr-12

20-Sep-13

Aug-15

Nov-15

4-Mar-15

2-Nov-10

16-Jun-11

Feb-15

May-15

30-Jul-08

5-Jan-09

Feb-16

Aug-14

Feb-14

May-14

Manufacturing
General

CPI Inflation - Combined (Base - 2012)

7.0

5.0

Apr-16

Jan-16

Oct-15

Jul-15

Apr-15

Jan-15

Oct-14

Jul-14

Apr-14

Jan-14

3.0

YES Bank has received AA rating with stable outlook from Care
Ratings for Rs 2100 crore of Basel III AT1 Bonds and Ind AA rating
with stable outlook from India Ratings & Research.

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Jan-16

Jul-15

Jan-15

Jul-14

Jan-14

Jul-13

Jan-13

Jul-12

Jan-12

Jul-11

Jan-11

Jul-10

Jul-09

Jan-10

Jul-08

Jan-09

10 Years G-Sec Yield (%) (Month-wise)

10.0
9.5
9.0
8.5
8.0
7.5
7.0
6.5
6.0
5.5
5.0
Jan-08

Nov-13

Electricity

6.0

Aug-13

Mining

Adani Ports & SEZ promoters release pledge on 21.55 lakh

shares. Total pledged shareholding now stands at 17.76 percent of
the total share capital.

May-13

Jan-13

-10%

8.0

31-Jan-07

-5%

Adani Enterprises promoters pledge an additional 27.14 lakh

shares, increasing the total pledged shareholding to 18.49 percent
of the total share capital.

24-Jan-06

5%

Mandhana Retail Ventures promoter group sold 5.34 percent in

an off-market transaction on December 14.

IIP (YoY)

10%

TV Network decides to re-organise the radio business involves a

capital expenditure of Rs 71.37 crore excluding other charges and
will be completed in three months, cancelled its agreement to sell
the radio business.

20-Apr-10

0%

Nov-14

Gujarat Industries Power Co Ltd has signed Power Purchase

Agreements (PPA) for a period of twenty five years with Gujarat
Urja Vikas Nigam Limited (GUVNL) for the entire 26 MW Wind Farm
capacity of the Rojmal Wind Farm

8-Apr-00
29-Jul-00
24-Feb-01
19-May-01
29-Dec-01
16-Nov-02
18-Sep-04
23-Dec-06
17-Feb-07
14-Apr-07
4-Aug-07
26-Apr-08
24-May-08
19-Jul-08
11-Oct-08
8-Nov-08
13-Feb-10
24-Apr-10
10-Mar-12
3-Nov-12

Ashika Stock Broking Limited

KEI Industries has signed a foreign "Technical Collaboration"

agreement with Brugg Kabel AG, Switzerland, to manufacture extra
high voltage cables above 220kV and up to 400kV at its
manufacturing plant located at Chopanki, District, Alwar, Rajasthan.

Cash Reserve Ratio (CRR) (%)

3-Mar-03

20%
15%

10

28-Mar-02

27-Apr-01

Glenmark Pharmaceuticals has chalked out $300 million capital

expenditure plans over the next three years.

31-Mar-04

Repo Rate (%)

Reverse Repo Rate (%)

The High Court of Gujarat has passed the order sanctioning the
Scheme of Arrangement and Amalgamation amongst Dishman
Pharmaceuticals and Chemicals Ltd., Carbogen Amcis (India)
Limited and Dishman Care Limited and their respective
shareholders and creditors on December 16, 2016.

Institutional Research

Bulk Deal - NSE

Date

Security Name

Client Name

Buy/Sell Traded Qty.

Price

19-Dec-16Laurus Labs Limited

NOMURA INDIA INVESTMENT FUND MOTHER FUND

BUY

735000

477.6

19-Dec-16Bharat Wire Ropes Ltd.

NEXT ORBIT VENTURES FUND

SELL

289500

52.2

19-Dec-16Tree House Edu Ltd

BP FINTRADE PRIVATE LIMITED

SELL

762600

19.3

19-Dec-16Prakash Constrowell Ltd

LADDHA ARUNA PRAKASH

SELL

1972889

5.3

19-Dec-16Hanung Toys and Textiles

MANJU GARG

SELL

246528

5.0

Bulk Deal - BSE

Date

Security Name

Client Name

Buy/Sell

Traded Qty.

Price

19-Dec-16 SHEMAROO

NEW HORIZON OPPORTUNITIES MASTER FUND

2,374,000

398.3

19-Dec-16 SARDAPLY

HEMANT KUMAR MOTIHAR

30,000

147.8

19-Dec-16 WELPLACE

SYED WAJID ALI

50,000

63.6

19-Dec-16 KDML

CHARTERED CAPITAL RESEARCH PRIVATE LIMITED

28,800

106.4

19-Dec-16 ARYACAPM

JHAVERI TRADING AND INVESTMENT PVT LTD

130,000

23.0

Ashika Stock Broking Limited

Corporate Actions
Scrip Code

Scrip Name

Ex-Date

Purpose

Record Date

537108

BSLFTPJIDG

20-Dec-16

Redemption of Mutual Fund

21-Dec-16

537105

BSLFTPJIRG

20-Dec-16

Redemption of Mutual Fund

21-Dec-16

533366

IPRU1084

20-Dec-16

Dividend On Mutual Fund

21-Dec-16

533363

IPRU1287P

20-Dec-16

Dividend On Mutual Fund

21-Dec-16

535669

IPRU2086

20-Dec-16

Dividend On Mutual Fund

21-Dec-16

537153

IPRU2224

20-Dec-16

Redemption of Mutual Fund

537154

IPRU2225

20-Dec-16

Redemption of Mutual Fund

535673

IPRU8052

20-Dec-16

Dividend On Mutual Fund

21-Dec-16

535671

IPRU8286

20-Dec-16

Dividend On Mutual Fund

21-Dec-16

537155

IPRU8424

20-Dec-16

Redemption of Mutual Fund

537156

IPRU8425

20-Dec-16

Redemption of Mutual Fund

500041

BANARISUG

21-Dec-16

Dividend - Rs. - 7.5000

519248

JVLAGRO

21-Dec-16

Dividend - Rs. - 0.1000

512463

SHRGLTR

21-Dec-16

Stock Split From Rs.5/- to Rs.1/-

22-Dec-16

538597

TTIENT

21-Dec-16

Consolidation of Shares

22-Dec-16

533154

INFINITE

22-Dec-16

Buy Back of Shares

23-Dec-16

536904

BSLFTPIYRQ

23-Dec-16

Dividend On Mutual Fund

26-Dec-16

523319

BALMLAWRIE

26-Dec-16

Bonus issue 3:1

27-Dec-16

537169

BSLFTPJKDG

26-Dec-16

Redemption of Mutual Fund

27-Dec-16

537170

BSLFTPJKDQ

26-Dec-16

Redemption of Mutual Fund

27-Dec-16

537166

BSLFTPJKRG

26-Dec-16

Redemption of Mutual Fund

27-Dec-16

537167

BSLFTPJKRN

26-Dec-16

Redemption of Mutual Fund

27-Dec-16

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research

Global Economic Calendar

Date

Curr.

Event

Actual

Forecast

Previous

Ashika Stock Broking Limited

19-Dec-16 JPY

Trade Balance (Nov)

227B

496B

19-Dec-16 USD

Services PMI (Dec)

20-Dec-16 EUR

Current Account n.s.a. (Oct)

29.8B

21-Dec-16 GBP

Public Sector Net Borrowing (Nov)

4.30B

21-Dec-16 USD

MBA 30-Year Mortgage Rate

21-Dec-16 USD

Existing Home Sales (Nov)

21-Dec-16 EUR

Consumer Confidence (Dec)

22-Dec-16 GBP

Business Investment (YoY) (Q3)

22-Dec-16 GBP

Current Account (Q3)

22-Dec-16 GBP

GDP (YoY) (Q3)

22-Dec-16 USD

Durable Goods Orders (MoM) (Nov)

22-Dec-16 USD

GDP (QoQ) (Q3)

22-Dec-16 USD

Initial Jobless Claims

22-Dec-16 USD

PCE Prices (Q3)

22-Dec-16 USD

House Price Index (MoM) (Oct)

22-Dec-16 USD

CB Leading Index (MoM) (Nov)

0.20%

0.10%

22-Dec-16 USD

Core PCE Price Index (MoM) (Nov)

0.10%

0.10%

22-Dec-16 USD

Personal Income (MoM) (Nov)

0.30%

0.60%

22-Dec-16 USD

Personal Spending (MoM) (Nov)

0.30%

0.30%

22-Dec-16 USD

KC Fed Manufacturing Index (Dec)

22-Dec-16 USD

Dallas Fed PCE (Nov)

23-Dec-16 GBP

Business Investment (YoY) (Q3)

23-Dec-16 GBP

Current Account (Q3)

-27.5B

-25.9B

23-Dec-16 GBP

GDP (YoY) (Q3)

2.30%

2.30%

23-Dec-16 USD

Michigan Consumer Sentiment (Dec)

23-Dec-16 USD

New Home Sales (Nov)

54.6

4.28%
5.50M

5.60M

-6

-6.1
-1.60%
-28.7B
2.30%

-4.00%

4.60%

3.30%

3.20%

1.40%

1.40%

254K
0.60%

9
2.20%
-1.60%

98

98

575K

563K

Indian Economic Calendar

Date

Curr.

Event

Actual

Forecast

Previous

5
1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research

signed by
BOTHRA Digitally
BOTHRA PARAS
Date: 2016.12.20
PARAS 09:01:55 +05'30'

Research Team

Ashika Stock Broking Limited

Name

Designation

Email ID

Contact No.

Paras Bothra

President Equity Research

[email protected]

+91 22 6611 1704

Krishna Kumar Agarwal

Equity Research Analyst

[email protected]

+91 33 4036 0646

Partha Mazumder

Equity Research Analyst

[email protected]

+91 33 4036 0647

Arijit Malakar

Equity Research Analyst

[email protected]

+91 33 4036 0644

Chanchal Bachhawat

Equity Research Analyst

chanchal.bachhawat @ashikagroup.com

+91 22 6611 1712

Tirthankar Das

Technical & Derivative Analyst

[email protected]

+91 33 4036 0645

SEBI Registration No. INH000000206

Disclosure
The Research Analysts and /or Ashika Stock Broking Limited do hereby certify that all the views expressed in this research report accurately reflect their
views about the subject issuer(s) or securities. Moreover, they also certify the followings: The Research Analyst or Ashika Stock Broking Limited or his/its Associates or his/its relative, has any financial interest in the subject company (ies)
covered in this report. Yes
The Research Analyst or Ashika Stock Broking Limited or his/its Associates or his/its relative, have actual/beneficial ownership of 1% or more in the
subject company, at the end of the month immediately preceding the date of the publication of the research report. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates or his/its relatives has any material conflict of interest at the time of
publication of the research report. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates have received compensation for investment banking or merchant banking or
brokerage services or for product other than for investment banking or merchant banking or brokerage services from the companies covered in this
report in the past 12 months. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates have managed or co managed in the previous 12 months any private or
public offering of securities for the company (ies) covered in this report. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates have received any compensation or other benefits from the company (ies)
covered in this report or any third party in connection with the Research Report. No
The Research Analyst has served as an officer, director or employee of the company (ies) covered in the research report. No
The Research Analyst or Ashika Stock Broking Limited has been engaged in Market making activity of the company (ies) covered in the research report.
No
Disclaimer
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information and should not be reproduced or redistributed to any other person in any form. The report is based upon information that we consider
reliable, but we do not represent that it is accurate or complete, and it should not be relied upon such. Ashika Stock Broking Ltd. or any of its affiliates or
employees shall not be in anyway responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained
in this report. Ashika Stock Broking Ltd., or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any
kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular
purpose, and non-infringement. The recipients of this report should rely on their own investigations.

6
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