Daily Wrap-up

Research Desk – Stock Broking 11th January, 2018

Index Watch Nifty ends at a fresh high

Index Levels Change Chg (%)

S&P BSE SENSEX 34,503.49 70.42 0.20

NIFTY 10,651.20 19.00 0.18

NIFTYBANK 25,660.90 43.60 0.17

INDIAVIX 14.01 -0.02 -0.16

S&P BSE MidCap 18,167.77 49.53 0.27

S&P BSE SmallCap 19,983.93 80.62 0.41

S&P BSE FMCG 10,872.29 42.14 0.39

S&P BSE IT 11,696.30 97.19 0.84

S&P BSE AUTO 26,412.83 40.11 0.15

S&P BSE CG 19,950.18 -32.62 -0.16 Benchmark indices in today’s session traded on a positive note. Nifty finally
closed at 10,651.20 levels up by +19.00 points or +0.18%. India VIX ended at
S&P BSE CD 23,835.11 -61.59 -0.26 14.01 levels down by -0.02 points or -0.16%. Advance and Decline Ratio in the
S&P BSE METAL 15,775.33 -13.01 -0.08
Nifty stood at 24:26.
On the sectoral front, NIFTY REALTY, NIFTY MEDIA and NIFTY IT
S&P BSE O&G 16,251.06 -47.00 -0.29
outperformed the broader indices while on the flip side NIFTY PVT BANK, NIFTY
S&P BSE POWER 2,420.37 -1.07 -0.04 AUTO and NIFTY BANK underperformed the broader indices.

S&P BSE REALTY 2,804.59 54.94 2.00 On the stock front, INFY, IBULHSGFIN, BHARTIARTL were the major gainers of
the day while on the flip side WIPRO, INDUSINDBK, AMBUJACEM were the
*CD-Consumer Durables || CG- Capital Goods|| O&G- OIL & GAS
major losers of the day.
On the global markets front, Asian markets closed positive. Nikkei 225 closed
Advance / Decline 77.77 points negative while Hang Seng closed 46.67 points positive and Kospi
closed negative around 11.84 points. While on the European markets front, FTSE
Indices Advances Declines is trading negative at 8.20 points and CAC 40 is trading negative at 1.26 points.
NIFTY 24 26 Technically, the immediate support is placed around 10600 levels and the next
support is placed around 10550 levels. On the higher side, the immediate
NSE 798 686
resistance is placed around 10700 levels and the next resistance is placed
around 10750 levels.

NSE Turnover (Rs Cr) News On Board

Equity F&O
Tata Chemicals shareholders approves sale of Haldia phosphatic fertiliser
For the Day 35,305.76 10,20,259.56 operations:
Tata Chemicals (TCL) has received approval from majority shareholders for sale
Monthly Average 35,025.70 5,86,069.53 of its Haldia fertilizer unit in West Bengal to Netherlands-based Indorama
Holdings BV for Rs 375 cr.

GMR Infrastructure is looking to raise Rs 4, 000-5,000 cr:

Nifty: Top Gainers & Losers GMR Infrastructure is looking to raise Rs 4, 000-5,000 cr through the listing of its
airport holding company, as per media reports. The proceeds from the
Gainers (%) Losers (%)
fundraising are to be used for reducing debt and expansion of the business.
INFY 2.30 WIPRO -2.04
Bank of Baroda may sell Nainital Bank stake to shore up capital:
IBULHSGFIN 1.98 INDUSINDBK -1.93 Bank of Baroda, India’s third-largest state-run lender, is seeking to sell Nainital
Bank stake as it sheds non-core assets to bolster its balance sheet. A decision
BHARTIARTL 1.88 AMBUJACEM -1.52 on the size of the stake to be sold will depend on approvals from the Reserve
Bank of India. BoB holds 98.6% stake in the 96-year-old Nainital Bank, which
KOTAKBANK 1.55 CIPLA -1.24 had assets of about Rs 77 billion as of March end.
EICHERMOT 1.43 BAJFINANCE -1.18
Karvy Daily Wrap-up 11th January, 2018

Volume Shockers Buzzing Stocks

Last 1 week
Symbol Volume
Avg Volume
Chg (%)  Jai Corp is up 10% in intra-day trade after the media report suggested
that Reliance Industries’ (RIL) Mukesh Ambani is in talks to buy out the
GTPL 849208 31252 2617.3 company’s 24% stake in Navi Mumbai Special Economic Zone
(NMSEZ).
RPGLIFE 1156485 53744 2051.8
 India Nippon Electricals advanced 10% intraday as the board is
BAJAJCORP 1331299 63669 1990.9
going to consider sub-division of equity shares of the company.
BGRENERGY 2477040 144973 1608.6
 IDFC gains more than 8% after media report indicated that the bank
INNOVATIVE 1143000 67714 1588 may be looking for merger with Capital First.

GARWALLROP 303737 19104 1489.9

 GE Power India gains 7.4% intra-day after the company said it has
VENKEYS 542705 44989 1106.3 received an order worth Rs 8,183 million from Navayuga Engineering
Company.
ZIOCOM 3186154 322755 887.2
 Cochin Shipyard rose 6.5% intraday as it signed MoU with Mumbai
SHALPAINTS 296991 31746 835.5 Port Trust (MbPT).
SANGAMIND 422545 51226 724.9
 United Breweries up 6% on Kingfisher beer price hike.

 Bajaj Corp gains 6% intraday as the company reported marginal

Commodities decline in its Q3 profit while revenue increased by 11%.

Commodity LTP Chg (%)

Crude / bbl 63.76 0.30

Event Tracker
Gold / Oz 1,318.70 -0.05

Silver / Oz 17.02 -0.06 Domestic

12 Jan : IN Manufacturing Production YoY

19 Jan : IN Foreign Exchange Reserves 12/JAN

Exchange Rates
International
Symbol LTP Chg (%)
16 Jan : GB Inflation Rate MoM DEC
USD / INR 63.77 0.06
17 Jan : CA BoC Interest Rate Decision
EURO / USD 1.195 -0.01

USD / JPY 111.62 +0.16

Indian Economic Indicators

Indicator Rates (%)

IIP (Oct) 2.20

Inflation (Nov) 4.88

GDP Annual Growth Rate 6.30

CRR 4.00

SLR 19.50

Repo Rate 6.00

Reverse Repo Rate 5.75

Karvy Daily Wrap-up 11th January, 2018

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