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Retail Research 02 August, 2019

CNX Nifty MARKET REVIEW

The markets fell for the 4th consecutive week, the longest streak
in this calendar year so far. Weak Q1 results and a disappointment
over the much anticipated Fed's rate cut failed to lift sentiments.
One may note that it was the first rate cut in over a decade but
quickly met with consternation as it was accompanied by a hawkish
tone. Sensex and Nifty closed the week with losses of 2.0% and
2.5% ending at 37,118.2 and 10,997.4 points respectively. Both
are now 7.9% and 9.1% down from their respective 52-week highs.
Mid/Smallcap indices did worse closing with losses of 2.2% and
4.3% at 13,546.9 and 12,496.4 points respectively. Their fall from
26-Jul 2-Aug
the 52-week highs is even greater at 21% and 27.9% respectively.
Indices % Chg
FIIs continued with their selling spree while DIIs kept up with net
Nifty 11284.3 10997.4 (2.5)
buys as was the case last week. However, the FII net sell of Rs4,790
Sensex 37882.8 37118.2 (2.0) crores was lower than last week by about Rs1,555 crores. DII net
Midcap 13856.2 13546.9 (2.2) buys of Rs8,285 crores was Rs626 crores more W-o-W. The markets
Small cap 13060.3 12496.4 (4.3) are struck by a general risk aversion and are unable to rise even
on positive factors like improved PMI, better monsoon and rising
GST collections.
Indices 26-Jul 2-Aug % Chg

BSE Realty 2115.1 2029.6 (4.0) Quarterly results for the next week:
BSE healthcare 12959.3 12555.4 (3.1)
Name Date Name Date
BSE Bankex 33118.7 31903.0 (3.7)
Berger Paints 05-08-2019 KEI Industries 05-08-2019
BSE IT 15442.4 15531.5 0.6
Arvind Ltd 06-08-2019 Excel Crop Care 06-08-2019
BSE FMCG 11115.9 10982.5 (1.2)
Aurobindo Pharma 07-08-2019 Garware Tech. Fibres 07-08-2019
BSE Cap Goods 17778.6 17274.1 (2.8)
Abbott India 08-08-2019 Coffee Day Ent. 08-08-2019
BSE PSU 7129.1 6733.2 (5.6) Bharat Heavy Elec 09-08-2019 Britannia Ind. 09-08-2019
BSE Oil 13526.9 13061.6 (3.4)

Bse Auto 16185.2 15635.3 (3.4)

CORPORATE
BSE Cons Durab 22942.9 22567.4 (1.6)

BSE Power 1994.0 1938.4 (2.8)

Cholamandalam Financial Q1 PAT up 5 per cent at
Rs 330.02 crore
BSE Metal 10077.5 9176.6 (8.9)
Cholamandalam Financial Holdings recorded a five per cent rise in
its profits after tax for the April-June quarter to Rs 330.02 crore.
29 July - 02 Aug For the corresponding period of the previous year, the city-based
Rs in Cr FII Inv DII Inv Murugappa Group company had recorded net profits at Rs 314.04
Buy 22840.0 26791.2
crore. Cholamandalam Financial Holdings for the year ending
March 31, 2019 posted profits after tax at Rs 1,414.83 crore. Total
Sell 27629.7 18506.5
income for the April-June quarter grew to Rs 3,122.67 crore from
Net (4,789.6) 8,284.7
Rs 2,475.60 crore registered year ago. For the year ending March
31, 2019 total income was at Rs 10,946.81 crore. Cholamandalam
 Weekly Wrap-up

Investment and Finance Company, in which the company holds

Top 5 Performers – Sensex
46.5 per cent stake, has disbursed Rs 8,572 crore during the April-
Close Close % Chg
June 2019 period as compared to Rs 7,014 crore registered same
26-Jul 2-Aug
period last fiscal. Assets under management grew by 35 per cent
TCS 2,108.8 2,206.1 4.6
to Rs 62,827 crore as against Rs 46,709 crore registered same
Bharti Airtel 334.8 343.5 2.6
period last financial year. (ET)
Asian Paints 1,524.6 1,545.2 1.4
HCL Technologies 1,001.5 1,011.3 1.0 Ceat Q1 net up 15% at Rs 82 crore
HINDUNILVR 1,730.7 1,737.6 0.4
Tyre maker Ceat's consolidated net profit rose 15.06 per cent to
Rs 82.2 crore for the first quarter ended June 30, 2019. The
Top 5 Performers – Nifty company had reported a net profit of Rs 71.44 crore during April-
Close Close % Chg June, 2018-19. Revenue from operations rose to Rs 1,752.10 crore
26-Jul 2-Aug as compared with Rs 1,722.03 crore in the year-ago period. The
TCS 2,109.1 2,205.3 4.6 impact of fall in demand from automobile manufacturers has been
Bharti Airtel 334.9 343.6 2.6 felt across the tyre industry. However, the company have been able
Asian Paints 1,526.5 1,545.2 1.2 to counter the slowdown in OEM sales with replacement and
HCL Technologies 1,001.5 1,010.5 0.9
export market sales. (ET)
HINDUNILVR 1,730.7 1,737.5 0.4 Airtel reports wider-than-expected Q1 loss of Rs 2,866
crore on Rs 1,470 crore one-time hit
Top 5 losers – Sensex Bharti Airtel posted wider-than-expected loss of Rs 2,866 crore
Close Close % Chg for the quarter ended June 30 against a profit of Rs 97.30 crore in
26-Jul 2-Aug the same period last year. The company witnessed an exceptional
Vedanta 164.1 143.2 -12.7 loss of Rs 1,469.40 crore in June quarter against Rs 362.10 crore in
Tata Motors-DVR 70.9 62.3 -12.1 the same period last year. Arpu for the quarter was Rs 129
Tata Motors 147.2 130.6 -11.3 compared with Rs 105 in the corresponding quarter last year. Total
State Bank of India 342.5 308.5 -9.9 income of the telecom major, however, increased 4.59 per cent to
Tata Steel 445.3 409.1 -8.1 Rs 20,812.50 crore during the quarter under review against Rs
19,898.90 crore in the same period last year. The company had
Top 5 losers – Nifty 40.37 crore customers as of June 30, down 10.9 per cent against
45.66 crore in the corresponding quarter last year. Consolidated
Close Close % Chg
Ebitda increased 24.20 per cent to Rs 8492.60 crore against Rs
26-Jul 2-Aug
6,837 crore in the same period last year. Ebitda margin came at 41
IBULHSGFIN 624.4 489.7 -21.6
per cent compared with 34.5 per cent in the same quarter last
ZEEL 403.9 341.5 -15.4
year. (ET)
Vedanta 164.1 143.0 -12.9
Tata Motors 147.2 130.7 -11.2 Ashok Leyland Q1 profit plunges 44% to Rs 247 crore
GRASIM 875.0 778.0 -11.1
Commercial vehicle major Ashok Leyland posted a 44 per cent dip
in consolidated profit at Rs 247 crore in the first quarter of current
fiscal. The company had posted a profit of Rs 443.32 crore in April-
June quarter a year ago. The company's consolidated revenue from
operations declined 8 per cent during the quarter under review to
Weekly Rs
Summation
6,612.42Report
crore from Rs 7,193.79 crore in the corresponding
quarter of 2018-19. With signs of slower demand, the company is
closely watching the developments in the industry. It continues to
take cost out and drive productivity and growth initiatives. While
the industry has witnessed a decline in volume of 17 per cent,
Ashok Leyland's market share has grown by 4 per cent. Our EBITDA
at 9.4 per cent despite decline in revenue signifies efficient cost
management in the company. (ET)

SBICAP Securities Limited / 2

 Weekly Wrap-up

10 years Government of India Bond Yield ECONOMY

Q1 fiscal deficit at 61.4% of FY20 target
India's fiscal deficit in first quarter ended June hit 61.4% of the
budgeted target for the current fiscal. The deficit was 68.7% in the
year-earlier period. In absolute terms, the fiscal deficit stood at Rs
4.32 lakh crore at the end of the quarter against a full-year target of
Rs 7.04 lakh crore. The government aims to restrict the fiscal deficit
at 3.3% of GDP in this fiscal, unchanged from the previous year.
Capital expenditure during the April-June period was 18.8% of the
annual estimate compared with 29% a year earlier, adding to worries
about growth. The Central government's total expenditure reached
Rs 7.22 lakh crore in the first quarter, or 25.9% of the budget
estimate, compared with 29% a year ago. Total receipts stood at
Government securities market %
about Rs 2.9 lakh crore, or 13.9% of the target, against 15.3% a year
91 days T-bill* 5.6539 earlier. (ET)
182 days T-bill* 5.8833
At 0.2%, June core growth hits 50-month low
364 days T-bill* 5.9372
India's core sector growth slumped to its lowest in more than four
*cut off at last auction years in June, reflecting the economic slowdown and the lack of
pickup in investment. The index of eight core industries rose 0.2% in
June, down from 4.3% in May and 7.8% in the year earlier marking
the slowest increase since the 0.5% contraction in April 2015. The
Key Economic Indicators $bn base effect of high growth in June 2018 magnified the slowdown.
For May, the government revised core sector growth downward to
External debt 543.00
4.3% from 5.1%. The sharp slide in the performance of steel and
Forex reserves 429.65 cement underlined the lack of investment. The weak data continues
CAD -4.60 to restate the overall slowing economic conditions which can be
partly explained by a strong adverse base effect. The eight
CPI(%) 3.18
infrastructure industries of coal, crude oil, natural gas, refinery
WPI(%) 2.02 products, fertiliser, steel, cement and electricity have a 40.27%
IIP (%) 3.10 weight in the index of industrial production (IIP). Industrial growth
was 3.1% in May. April-June core sector growth was 3.5% against
5.5% in the same period last quarter. (ET)

GST mop up rises marginally to Rs 1.02 lakh crore in July

Gross GST collections stood at Rs 1.02 lakh crore in July, marginally
Monetary policy data Current Previous Chg up from the previous month. The July 2019 mop-up was, however,
(INDIA) % % bps
5.8 per cent higher than the Rs 96,483 crore collected in the same
Repo rate 5.75 6.00 (25) month last year. Revenue collection from the Goods and Services
Tax (GST) had slipped below the Rs 1 lakh crore mark for the first
Reverse Repo rate 5.50 5.75 (25)
time in the current fiscal in June at Rs 99,939 crore. Central GST
CRR 4.00 4.00 Weekly
- Summation Report
collections stood at Rs 17,912 crore, State GST Rs 25,008 crore, and
Integrated GST Rs 50,612 crore (including Rs 24,246 crore collected
on imports) during July this year. Cess collection stood at Rs 8,551
crore (including Rs 797 crore collected on imports). The gross GST
collections during April-July stood at Rs 4,16,176 crore, up from
Rs 3,89,568 crore in the corresponding period of the last fiscal. (ET)

SBICAP Securities Limited / 3

 Weekly Wrap-up

World Indices 26-Jul 2-Aug % Chg GLOBAL EVENTS

DJIA* 27192.5 26583.4 -2.2
Nasdaq* 8330.2 8111.1 -2.6 World merchandise trade up 3% in 2018, lower than 4.6%
Nikkei 225 21658.2 21087.2 -2.6
growth in 2017
Straits Times 3363.8 3261.1 -3.1 The volume of world merchandise trade, as measured by the
Hang Seng 28397.7 26918.6 -5.2 average of exports and imports, grew 3% in 2018, just above the
2.9% increase in world GDP over the same period but "significantly
FTSE 100* 7549.1 7584.9 0.5
lower" than the 4.6% growth recorded in 2017. This loss of
DAX* 12419.9 12253.2 -1.3
momentum is partly due to increasing trade tensions and
Shanghai Composite 2944.5 2865.1 -2.7 historically high levels of trade restrictions. The value of world
* Closing as on 01st Aug, 2019 merchandise exports was $19.48 trillion in 2018, up from $17.33
trillion in 2017, partly due to higher oil prices. However,
merchandise exports of developing economies grew 11% in 2018
while imports increased 12%, continuing the positive growth of
2017 after a decline in 2015-16. Merchandise exports totalled
Currencies Vs INR 26-Jul 2-Aug % Chg
$8.22 trillion and imports $7.97 trillion in 2018. Overall, developing
USD 68.9 69.8 1.3
economies' exports and imports grew at a faster rate than those
GBP 85.6 84.7 -1.1 of developed economies and the world. (ET)
EURO 76.7 77.6 1.2
US Fed lowers interest rates for first time since 2008,
YEN (100 units) 63.4 65.4 3.1
signals more cuts
The Federal Reserve cut interest rates for the first time since 2008,
citing concerns about the global economy and muted U.S. inflation,
and signaled a readiness to lower borrowing costs further if needed.
Commodity data 26-Jul 2-Aug % Chg Financial markets had widely expected the quarter-percentage-
Brent Crude ($/bbl) 63.8 62.2 -2.5 point rate cut, which lowered the U.S. central bank's benchmark
Gold(Rs/10gm) 34407.0 35341.0 2.7 overnight lending rate to a target range of 2.00% to 2.25%. Fed
Silver(Rs/kg) 37733.0 40746.0 8.0 decided to cut rates "in light of the implications of global
developments for the economic outlook as well as muted inflation
pressures". The Fed will continue to monitor how incoming
information will affect the economy and will act as appropriate to
sustain a record-long U.S. economic expansion. (ET)

China says to take countermeasures if U.S. bent on

putting tariffs on Chinese goods
China will have to take countermeasures if the United States is
bent on putting more tariffs on Chinese goods. China doesn't want
a trade war, but it isn't afraid of fighting one. U.S. President Donald
Trump vowed to put additional 10% tariffs on $300 billion of
Chinese imports from Sept. 1, sharply escalating a bruising trade
war between the world's two largest economies and rocking
Weekly financial
Summationmarkets.
Report The additional duties will extend Trump's trade
tariffs to nearly all of the Chinese goods that the United States
imports and marks an end to a truce in a year-long trade row that
has slowed global growth and disrupted supply chains. Trump also
threatened to further raise tariffs if Chinese President Xi Jinping
fails to move more quickly to strike a trade deal. (ET)

SBICAP Securities Limited / 4

 Weekly Wrap-up

Technical Desk:
Nifty August Future Weekly Chart

MARKET OUTLOOK:
The week gone by:
Nifty future closed at 11024.05 losing by 2.70 % from the previous week's close of 11327.
During the week nifty future opened at11310, made high of 11325, made a low of 10886.05 and closed the week 11024.05.
The volumes were higher than the previous week indicating strength in the down move. This week nifty future gave
range of 438.95 points.

Pattern:
Nifty future has closed below 50% Retracement level of 11078.(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 61.8% Fibonacci Retracement level of 10830 (From the swing low
of 10030.10 made on late October march 2018 to all time high of 12118 made on early June 2019.) that coincides with
the support zone made between November 2018 to February and may face resistance around previous week close at
11327 level.

The week ahead:

The nifty future may find supports around 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 lower level of weekly chart showing bearishness for the next week. The volumes were more
as compared to previous week showing strength Weekly
in theSummation Report
down move. Nifty future has closed below 11090. If it remains
below 11090 then immediately on the downside it will find support at [Link] week nifty future made a low of 10886
while our support was at [Link] the week nifty future trade between 10947 and 11090 and closed below
[Link] 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: 10876 - 11413
Immediate probable trading range for the week: 10947 - 11090

SBICAP Securities Limited / 5

 Weekly Wrap-up

Derivatives Desk:

Weekly Market Summary

Nifty Futures closed at 11024.05, down by 302.95 points or -2.67% since last week. Nifty futures premium decreased to 26.70
points from 42.70 points premium of previous week. Bank Nifty was down by 1138.35 points or -3.86% to close at 28327.3
Nifty Futures OI stood at 202.54 Lac, increased by 14.66% from 176.65 Lac of previous week. The annualized Cost of Carry
decreased to 3.28% from 4.93%
The Put-Call Ratio decreased to 1.18 from 1.37. Nifty Call added total OI of 111.21Lac shares, with major OI addition of 12.35Lac
at 11000 strike, 10.57Lac at 11100 strike and 10.22Lac at 11500 strike price respectively while there was unwinding of 0.13Lac at
10600 strike and 0.14Lac at 10700 strike.
Nifty Put added total OI of 72.23Lac shares, with major OI addition of 9.37Lac at 10900 strike, 8.26Lac at 10500 strike and
8.24Lac at 10700 strike price respectively while there was unwinding of -4.99Lac at 11200 strike and -3.66Lac at 11300 strike.
Highest Open interest build up in Nifty call options observed at 11500 strike price with OI of 22.21Lac and put side it is observed
at 11000 strike price with OI of 34.79Lac followed by 11000 call and 10800 put.
Total market wide open interest increased by 15.37% from 466.23Cr to 537.89Cr on weekly basis.
Some stocks observed with Long addition are VOLTAS, CHOLAFIN, STAR, UJJIVAN and MARICO, while stocks observed with Short
addition are SIEMENS, TVSMOTOR, BSOFT, MRF and RBLBANK.
Long Unwinding was observed in stocks like NIITTECH, APOLLOHOSP, SRF, BAJFINANCE and KAJARIACER, while Short Covering
was observed in stocks like MUTHOOTFIN, GMRINFRA, BERGEPAINT, TORNTPHARM and SRTRANSFIN.
Sector wise OI Increased in Index, Capital Goods, Cement, Textiles and Construction.
Stocks with increased HV are IDEA, GRASIM, BHARTIARTL, NBCC and IDBI, while stocks with decreased HV are BAJFINANCE,
TORNTPHARM, SRTRANSFIN, NIITTECH and BAJAJFINSV.
Market Outlook: - Nifty Futures tanked for the fifth week in a row on the back of heavy selling by FIIs. Put option writers had to run for
cover due to the sharp correction which resulted in further selloff in the market. A slight pullback was witnessed in Friday's trade on
reports that the Prime Minister's office took note of the tax surcharge on FPIs and its impact on the market. Sharp surge in India VIX to
15.21% indicative of volatile market ahead, may witness high degree of swinging action either side.
Nifty future may find resistance at 11220 -11310 while support may be seen at 10830- 10740 levels.

Price Gainers Price Losers

Symbol Close Price_Chg OI_Chg Symbol Close Price_Chg OI_Chg
CHOLAFIN 265.00 7.83% 37.42% IDEA 6.35 -32.09% 7.92%
STAR 380.35 7.81% 35.78% IBULHSGFIN 477.60 -23.01% 10.79%
TCS 2211.45 4.43% 6.04% DISHTV 24.75 -21.80% 6.57%
MUTHOOTFIN 621.05 4.38% -15.66% DHFL 42.50 -18.74% 7.87%
VOLTAS 608.50 3.98% 53.32% ZEEL 342.85 -15.28% 3.07%
Weekly Summation Report
OI Gainers OI Losers
Symbol Close Price_Chg OI_Chg Symbol Close Price_Chg OI_Chg
VOLTAS 608.50 3.98% 53.32% NIITTECH 1,198.15 -1.00% -21.53%
SIEMENS 1,122.00 -5.83% 41.01% APOLLOHOSP 1,310.85 -4.39% -20.05%
CHOLAFIN 265.00 7.83% 37.42% MUTHOOTFIN 621.05 4.38% -15.66%
STAR 380.35 7.81% 35.78% SRF 2,635.20 -4.08% -15.11%
TVSMOTOR 368.55 -2.16% 33.43% BAJFINANCE 3,247.65 -0.84% -13.46%

SBICAP Securities Limited / 6

 Weekly Wrap-up

Currency Derivatives Desk:

Major Macro Global Events Ahead USDINR v/s Dollar Index

Economic Events Country Day

German Factory Orders m/m EU Aug 06

JOLTS Job Openings US Aug 06
Unemployment Claims US Aug 08
GDP m/m UK Aug 09
Industrial Production m/m UK Aug 09
Core PPI m/m US Aug 09

Macro Headlines:
This week, Indian Rupee weakened to more than one month low near 70 levels as foreign fund outflows weighed on
the domestic currency amidst unfavorable global events. The Federal Reserve limited its rate cut to 25 bps without
giving any timeline for further cuts and US threatened further tariffs on remaining Chinese goods worth $300 billion,
leading to investors' flight from risky assets.
India's fiscal deficit for the June quarter stood at Rs 4.32 lakh crore, already 61% of a full-year budgeted target of Rs
7.04 lakh crore for 2019-20.
Dollar index surged to 98.7, levels last seen in May 2017, as Fed chair Powell sounded a not-so-dovish tone when he
mentioned that this rate cut is a "mid-cycle adjustment" in order to keep the economy expanding and insure against
downside risks rather than the beginning of a long series of rate cuts.
EURUSD fell 0.2% this week while EURINR gained 0.6% to close at 77.64 buoyed by Rupee depreciation. However,
economic data has been disappointing as pessimism in the EU manufacturing sector rose to levels last seen six years
ago, when the shared currency area was mired in a government debt and banking crisis. Also, Eurozone's second quarter
GDP rose 1.1% on year, falling from 1.2% in the previous quarter.
GBPINR declined 1.6% and GBPUSD plunged more than 2% this week to two year lows on rising prospects of a no
deal Brexit as UK's new Prime Minister Boris Johnson has already put in place a special Brexit cabinet committee tasked
with handling the UK's preparations. Also, Bank of England kept its benchmark interest rate unchanged at 0.75 percent
but trimmed growth forecasts to 1.3% for 2019 and 2020, down from 1.5% and 1.6% respectively in its last estimates
in May. Also, UK's manufacturing PMI showed contraction for the third month in July.
JPYINR jumped 2.55% this week buoyed by renewed trade tensions between the US-China after fresh threats by Trump
to China. Also, Rupee depreciation added to the upside and pushed JPYINR to five week high of 65.42.
The India's benchmark 7.26%-2029 government bond yield fell to 6.35% from 6.56% last week while the US 10 year
bond yield plunged to 1.86% from 2.12% 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 Aug 69.7675 0.93% EURUSD 1.1107 -0.18%
GBPINR Aug 84.73 -1.59% GBPUSD 1.2124 -2.09%
EURINR Aug 77.64 0.60% USDJPY 106.85 -1.67%
JPYINR Aug 65.37 2.55% DXY 97.995 0.25%

SBICAP Securities Limited / 7

 Weekly Wrap-up

Mutual Fund Desk:

Mutual Fund Commentary:

An analysis of quarterly average AUM of 41 fund houses shows that HDFC MF, ICICI Prudential MF and SBI MF are the
top three fund houses in terms of equity AAUM. While HDFC MF boasts a market share of 16% with equity AAUM of
Rs1.67 lakh crore, ICICI Prudential MF has 14% share with equity AAUM of Rs1.53 lakh crore and SBI MF has 9% share
with equity AAUM of Rs95,903 crore in the quarter ended June. A quarter ago, SBI MF was the fourth largest fund house.
In April-June 2019, it has replaced Reliance MF for the third spot. SBI MF's equity AAUM rose by Rs5,635 crore last quarter
while Reliance MF's equity AAUM went up by Rs1,998 crore last quarter. There were a few other notable changes as well.
Kotak MF became the sixth largest player in terms of equity AAUM by replacing Franklin Templeton MF, which slipped
to the seventh spot.

Dividend Declared:
Scheme Name Record Date Dividend (Rs. Per Unit)
UTI Equity Reg-D 05 Aug 2019 3.00
UTI Arbitrage Reg-D 05 Aug 2019 0.07
Source: [Link]

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 -6.88 -5.86 -3.81 8.32 8.66
Equity: Large & MidCap -1.89 -7.69 -6.09 -7.18 6.45 10.09
Equity: Multi Cap -2.05 -7.32 -5.8 -6.12 6.79 9.59
Equity: Mid Cap -1.64 -8.59 -7.76 -12.03 3.94 10.56
Equity: Value Oriented -2.4 -8.31 -7.95 -10.53 5.25 9.18
Equity: ELSS -2.13 -7.78 -6.2 -6.97 6.58 9.6
Hybrid: Equity Savings -0.71 -2.46 -1.23 0.72 5.57 --
Hybrid: Aggressive Hybrid -1.5 -5.48 -4.41 -3.68 6.13 8.8
Hybrid: Conservative Hybrid -0.34 -1.05 -0.1 2.68 5.71 7.73
Debt: Corporate Bond 0.42 1.5 -0.01 4.71 5.47 7.07
Debt: Credit Risk 0.2 0.94 -2.53 0.64 4.64 7.62
Debt: Dynamic Bond 0.43 1.81 3.62 9.3 6.51 8.32
Debt: Long Duration 0.25 0.93 -2.34 3.24 5.65 6.67
Debt: Gilt 0.55 2.61 7.35 14.44 7.77 9.65
Debt: Liquid 0.12 0.54 1.67 6.83 6.76 7.36
Debt: Ultra Short Duration 0.21 0.85 1.64 6.2 6.46 7.29
Debt: FMP 0.13 0.57 1.43 6.55 6.79 7.39
Source: Ace MF; Data as on 02nd 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
Kotak Standard Multicap Fund(G) -1.89 -7.44 -5.38 -3.07 9.33 13.30
Source: Ace MF; Data as on 02 August 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
25-Jul-2019 4,639.94 5,809.61 -1,169.67 10,334.92 8,648.52 1,686.40
26-Jul-2019 2,956.78 1,240.77 1,716.01 7,476.33 4,777.51 2,698.82
29-Jul-2019 3,759.50 2,440.78 1,318.72 11,303.73 8,815.20 2,488.53
30-Jul-2019 4,342.32 3,150.20 1,192.12 7,317.43 5,640.70 1,676.73
31-Jul-2019 5,238.13 2,340.55 2,897.58 12,437.20 10,674.04 1,763.16
Source: Ace MF; SEBI

Bulk Deals by Mutual Fund:

Exchange Date Security Name Client Name Deal Type Volume Deal Price
NSE 31-Jul-19 Vaibhav Global MOTILAL OSWAL MUTUAL FUND BUY 2,98,553 872
Source: NSE/BSE

DII Transaction trends:

Equity
Date Gross Purchase (Cr.) Gross Sale (Cr.) Net (Cr.)
29-Jul-2019 4,643.99 3,292.35 1,351.64
30-Jul-2019 5,423.73 4,344.01 1,079.72
31-Jul-2019 6,486.11 4,006.73 2,479.38
01-Aug-2019 4,591.19 4,029.91 561.28
02-Aug-2019 5,646.16 2,833.50 2,812.66
Source: BSE

Ongoing NFO & FMP:

Scheme Name Category Type Open Date Close Date Min Invest.
SBI FMP-15-1123D(G) Fixed Maturity Plans Debt 30-Jul-2019 05-Aug-2019 5,000
ICICI Pru Pvt Banks ETF ETFs - Other Other 01-Aug-2019 06-Aug-2019 5,000
ITI Long Term Equity Fund(G) Equity - ELSS Equity 15-Jul-2019 14-Oct-2019 500

Source: Ace MF

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Weekly Calls:

Top 5 Technical Picks:

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

AMARA RAJA BATTERIES LTD. BUY 657.0 689.9 640.6
COLGATE-PALMOLIVE (INDIA) LTD. BUY 1181.3 1240.3 1151.7
ICICI PRUDENTIAL LIFE INSURANCE CO. LTD. BUY 398.9 418.8 388.9
BRITANNIA AUGUST FUTURE SELL 2597.5 2467.6 2662.4
DIVI LAB AUGUST FUTURE SELL 1593.7 1514.0 1633.5

Derivative Strategies:
Nifty Long Strangle Strategy
Max Profit Max Loss
Scrip Lot Size Buy/ Sell Range Avg. Price BEP
(on Expiry) (on Expiry)
Nifty 11050 call
75 Buy 1 lot 70 72 71 Unlimited Max loss Limited
8AUG Upper -11204
Upside or to premium
Lower -10846
Nifty 11000 Put 8AUG 75 Buy 1 lot 82 84 83 Downside Rs.11550

Currency Trading Weekly Outlook

Currencies View Support Resistance
USDINR August This pair has given a breakout at 69.20 level, suggest price can 69.20 70.34
rally towards previous high swing i.e. 70.00 level.
GBPINR August Pair has rebound from 83.70 levels, but trading near the resistance 83.70 85.90
level i.e. 84.80 levels. Any either side of the trade will
confirm the trend.
EURINR August This pair has given a breakout at 77.20 level, suggest price can rally 77.00 78.50
towards previous high swing i.e. 78.50 level.
JPYINR August On Friday we witnessed a gap up opening in this pair as risk 64.90 66.10
aversion rose sharply after Trump's latest threat to China.

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Updated Corporate Actions:

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

Cochin Shipyard 8/5/2019 130.0 13.0 10 359.1 Final 3.6

CRISIL 8/6/2019 600.0 6.0 1 1263.5 Interim 2 0.5
Astra Microwave 8/6/2019 12.5 0.3 2 78.7 Final 0.3
Automotive Axles 8/7/2019 195.0 19.5 10 784.1 Final 2.5
Banco Products 8/7/2019 150.0 3.0 2 96.5 Final 3.1
Dabur India 8/7/2019 150.0 1.5 1 425.4 Final 0.4
Castrol India 8/8/2019 50.0 2.5 5 118.4 Interim 2.1
GAIL (India) 8/8/2019 8.9 0.9 10 128.5 Final 0.7
Asian Hotels (W) 8/8/2019 10.0 1.0 10 252.0 Final 0.4
HEG 8/9/2019 500.0 50.0 10 1008.1 Final 5.0
Abbott India 8/13/2019 150.0 15.0 10 8471.4 Special 0.2
Abbott India 8/13/2019 500.0 50.0 10 8471.4 Final 0.6
Elixir Capital 8/13/2019 12.5 1.3 10 35.8 Final 3.5
Bosch 8/14/2019 1050.0 105.0 10 14636.8 Final 0.7
Ahm. Steelcraft 8/14/2019 5.0 0.5 10 11.4 Final 4.4
Divi's Lab. 8/14/2019 800.0 16.0 2 1615.8 Final 1.0
Capacit'e Infra. 8/20/2019 10.0 1.0 10 221.0 Final 0.5
BPCL 8/21/2019 80.0 8.0 10 343.8 Final 2.3
IOCL 8/21/2019 10.0 1.0 10 137.1 Final 0.7
Ashiana Housing 8/22/2019 12.5 0.3 2 107.7 Final 0.2
Coastal Corporat 8/22/2019 15.0 1.5 10 260.0 Final 0.6
Balaji Telefilms 8/22/2019 20.0 0.4 2 55.7 Final 0.7

Open Offer

Co_Name Start Date Close Date Offer Price Proposed Acquisition CMP
(Rs.) (No. of Shares) (Rs.)
Internat. Paper 7/22/2019 8/2/2019 450.6 9942510 433.3
Reliance [Link] 7/23/2019 8/5/2019 230.0 155742818 227.3
Essel Propack 7/29/2019 8/9/2019 139.2 82058934 132.8
Gujchem Distill 7/31/2019 8/14/2019 120.0 42091 132.8
Leena Consultant 7/31/2019 8/14/2019 13.0 60600 13.1
S R K Industries 8/1/2019 8/16/2019 0.7 39226700 0.8
Sobhagya Mercant 8/7/2019 8/22/2019 10.0 62400 1.6
Manvijay Develop 8/14/2019 8/28/2019 10.0 1684800 70.7
Overseas Synth 8/16/2019 8/29/2019 4.43 1847224 5.45
Garv Industries 8/30/2019 9/13/2019 10.7 2652000 17.3
Supra Pacific 9/5/2019 9/19/2019 21.3 1430208 19.05
Kavita Fabrics 9/6/2019 9/20/2019 6.0 2708864 6.4
Yogya Enterprise 9/12/2019 9/25/2019 22 910000 26.9
Pulsar Intl. 9/23/2019 10/7/2019 14.0 780000 1.0

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Buyback Offer
Co-Name Offer Open Offer Close Buy Back Price (Rs.) Proposed Buy- CMP
No. of Shares
[Link]. 7/22/2019 8/2/2019 100.0 10000000 54.1
Persistent Sys 2/8/2019 8/7/2019 750.0 3000000 518.0
Cyient 2/12/2019 8/9/2019 700.0 2857142 440.9
Infosys 3/20/2019 9/19/2019 800.0 103250000 768.85
Orbit Exports 3/29/2019 9/28/2019 130.0 769230 102.6
Aurionpro Sol. 4/5/2019 10/4/2019 185.0 1081081 98.9
Action [Link]. 5/23/2019 11/22/2019 125.0 2740000 75.7
Nava Bharat Vent 6/10/2019 12/9/2019 160.0 1562500 89.35
GE Shipping Co 6/14/2019 12/13/2019 306.0 3267973 236.2

Bonus
Co_Name Ex Bonus Date Ratio
Rites 8/8/2019 1:4 (1 bonus equity shares for every 4 equity share held)
Bombay Cycle 8/13/2019 1:1 (1 bonus equity share for every 1 equity shares held)
Eco Recyc. 8/22/2019 1:10 (1 bonus equity share for every 10 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

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SBICAP Securities Limited

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Name Qualification Designation
Mahantesh Sabarad B. E. MMS Head - Retail Research
Rajesh Gupta PGDBM (Finance), MA (Bus. Eco) AVP - Research
Ashu Bagri [Link] AVP - Technical Research
Amit Bagade MBA Sr. Research Analyst - Equity Technical
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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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