Markets End Positive, Nifty Defends 8700 DAILY STOCK MARKET WRAP UP th

10 October 2016 S&P BSE 30

VALUE 28082.34

CHANGE 0.08%

NIFTY

8708.80

0.13%

ABAN

252.65

13.50%

RS/$

66.5856

0.2019

PCJEWELLER

520.15

7.29%

53.08

0.11%

NATIONALALUM

52.35

6.73%

BSE MIDCAP BSE SMALL CAP NIFTY BANK

13515.05 13255.93 19378.55

0.20% 0.25% 0.11%

REPCOHOME PRESTIGE

777.80 203.05 NIFTY 50 (In Rs)

5.62% 3.63%

NIFTY AUTO

10335.80

0.08%

TATASTEEL

419.30

3.14%

NIFTY FMCG

21672.55

0.16%

ACC

1667.00

2.56%

NIFTY IT

10270.95

0.85%

ASIANPAINT

1211.00

2.23%

NIFTY PHARMA

11547.30

0.59%

CIPLA

581.40

1.99%

NIFTY REALTY NIFTY MIDCAP 100 NIFTY NEXT 50

208.50 15992.55 23598.65

1.30% 0.13% 0.20%

BHARTIARTL RELIANCE ADANIPORTS

315.55 1096.00 264.00

1.22% 1.17% 1.07%

BRENT

GAINERS / LOOSERS

VALUE S&P BSE (In Rs)

CHANGE

THOUGHT OF THE DAY "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." - Warren Buffet

MARKET COMMENTARY Markets started on a positive note opening 0.4% higher. But later became range-bound and lost momentum as FED interest rate hike, divided US electorate and uncertainty on OPEC deal took its toll. Friday US jobs data has made interest rate hike again a contentious issue. In our domestic market, auto sector is gung-ho on festive sales in September. Tata Motors reported strong September sales with passenger vehicles sales rising 7.20% YOY and Jaguar sales jumping 3.60% YOY. Banking stocks came under pressure especially PSU banks. PNB was the only scrip in green in Nifty PSU Bank index. Nifty Private bank performed better closing 0.02% in red. Pharma, IT & FMCG supported the market helping it to close in green before a two day holiday. Sensex was up 21 points & Nifty rose 11 points with 28 advances and 23 declines. Market may open in green on Thursday and remain volatile on global cues.

SEPTEMBER QUARTERLY RESULTS South Indian Bank Ltd The Bank has posted a net profit of Rs. 1105.20 million for the quarter ended September 30, 2016 as compared to Rs. 933.80 million for the quarter ended September 30, 2015, rise of 18% YOY. Total Income has increased from Rs. 15261.90 million for the quarter ended September 30, 2015 to Rs. 15960.80 million for the quarter ended September 30, 2016. The stock ended at Rs. 23.65, down 1.25% by the end of the day. GM Breweries Ltd The Group has posted a net profit of Rs. 94 million for the quarter ended June 30, 2016 as compared to Rs. 111 million for the quarter ended June 30, 2015, declining 15% YOY. Total Income has increased from Rs. 938 million for the quarter ended June 30, 2015 to Rs. 877 million for the quarter ended June 30, 2016. The stock ended at Rs.588.55, up 0.23% by the end of the day. COMPANY SPECIFIC NEWS ITC Divests 100% Equity stake in King Maker Marketing, Inc,USA The company’s Corporate Management Committee has approved divestment of Company's entire shareholding (204 Shares of Common Stock with no par value) in King Maker Marketing, Inc., USA, a wholly owned subsidiary, along with assignment of certain trademarks owned by the Company, pursuant to the authority given by the Board of Directors of the Company. An agreement for this purpose has been entered into on 8th October, 2016, the consummation of which is subject to regulatory approvals and customary closing conditions. A2Z Infra Engineering Ltd A2Z Infra Engineering Ltd has announced that a contract has been awarded from Jharkhand Urja Sancharan Nigam Ltd. (JUSNL) vide LOI dated September 29, 2016 received on October 06, 2016 for Design, Engineering, Supply, Erection, Testing and Commissioning on turnkey basis of deposit work of M/s. SAIL. Total contract price of the work shall be aggregating to Rs. 96,00,89,976. Indo Borax & Chemicals Ltd Indo Borax & Chemicals Ltd has informed its plant will remain shut down from October 09, 2016 for approximately 30 days, for clearance of inventory.

Sunil Hitech Engineers Ltd – To consider Bonus Issue Sunil Hitech Engineers Ltd has informed that the Meeting of the Board of Directors of the Company is scheduled to be held on October 11, 2016, to consider and approve issue of Bonus Shares to the Members of the Company, issue of convertible warrants to the Promoters and Non-promoters and conduct of Postal ballot for the above purposes.

SUHANI ADILABADKAR [email protected] 9701063320

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The Organisation of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000 barrels a day, citing a delegation member. The surprise news triggered an immediate spike of more than 5 percent in crude prices, as markets had expected the Algiers meeting to end without agreement. In London benchmark Brent North Sea crude for November delivery rose USD 2.72 to USD 48.69, while in New York a barrel of West Texas Intermediate (WTI) was up USD 2.38 to USD 47.05. OPEC members, whose countries produce 40 percent of the world's crude oil, agreed to cut their output to 32.5 million barrels per day, Bloomberg said citing a delegation source who requested anonymity. An informal OPEC meeting opened in Algiers earlier today to discuss a possible freeze in output by the cartel, with the aim of raising prices which have fallen by more than half since mid-2014.