MARKETS TAKE A BREATHER WITH RELIANCE JIO DAILY MARKET WRAP UP st

1 SEP 2016 S&P BSE 30

VALUE 28423.48

CHANGE 0.10%

NIFTY

8774.65

0.13%

HCC

32.75

19.09%

RS/$

66.9800

0.04%

IIFL

299.20

7.16%

44.72

0.04%

IDEA

83.70

10.48%

BSE MIDCAP BSE SMALL CAP NIFTY BANK

13166.87 12598.98 19788.85

0.38% 0.39% 0.01%

RCOM SREINFRA

NIFTY AUTO

9939.95

0.43%

GAIL

392.40

2.21%

NIFTY FMCG

22715.55

0.47%

LUPIN

1507.00

1.67%

NIFTY IT

10533.25

0.12%

M&M

1458.00

1.49%

NIFTY PHARMA

11463.35

0.22%

HDFC

1425.90

1.46%

NIFTY REALTY NIFTY MIDCAP 50 NIFTY NEXT 50

201.25 3866.10 22960.80

2.09% 0.60% 0.19%

IDEA BHARTIARTL RELIANCE

83.25 310.15 1028.05

10.91% 6.48% 3.01%

CRUDE OIL

GAINERS / LOOSERS

VALUE S&P BSE (In Rs)

49.15 76.75 NIFTY 50 (In Rs)

CHANGE

8.81% 6.69%

MARKET COMMENTARY Though SGX nifty indicated negative opening, Indian Stock markets opened in green bracing up for the upcoming US Jobs data tomorrow and tepid GDP growth of 7.30% for the quarter. Markets were flat throughout but went south-wards with the announcement of Jio entering the telecom sector. Bharti Airtel and Idea sank 8% and 7% respectively intraday. Reliance also declined and closed about 3% down as profitability of the new telecom entrant is in doubt at least in the short run. With the telecom sector painting itself red, banking, FMCG and auto came to the rescue. Strong august auto sales numbers lifted most of the auto stocks with Nifty auto index ending 0.43% higher. Aviation stocks were also up intraday with the cut in ATF price. On the whole the Markets exhibited resilience in the wake of weak GDP and core sector growth numbers and even Reliance Jio shaking up the telecom sector. Sensex touched 28542, highest point of the day before closing at 28423, 28 points down. Nifty closed 11 points down at 8774 with 27 advances and 24 declines. Market could be volatile tomorrow with impending US jobs data being an important factor for the timing of FED rate cut.

JUNE QUARTERLY RESULTS Bharat Petroleum Corporation Ltd The Company has posted a net profit of Rs. 26205.00 million for the quarter ended June 30, 2016 as compared to Rs. 23606.60 million for the quarter ended June 30, 2015. Net profit is up 11% YOY. Total Income from operations has decreased from Rs. 588183.70 million for the quarter ended June 30, 2015 to Rs. 570157.50 million for the quarter ended June 30, 2016. The gross refining margin for the June quarter stands at $ 6.09 per barrel against $ 8.55 per barrel same period previous year. The stock ended 2.57% down and closed at Rs. 586.85 by the end of the day. Mahanagar Gas Ltd Income from operations stood at Rs. 5341.40 mn in current June quarter. Net Profit for the June quarter was reported at Rs. 927 mn against Rs. 778 mn in the same period previous year. The year on year net profit was up 19% in the current June quarter. The stock ended 2.52% down at Rs. 635.20 by the end of the day. Apollo Hospitals Enterprise Ltd The Company has posted a net profit of Rs. 721.70 million for the quarter ended June 30, 2016 as compared to Rs. 875.10 million for the quarter ended June 30, 2015. YOY, Net Profit has declined by 17.50% in the current June quarter. Total Income has increased 12% YOY, from Rs. 13110.00 million for the quarter ended June 30, 2015 to Rs. 14707.30 million for the quarter ended June 30, 2016. The stock was up 0.66% and closed at Rs. 1357.70 by the end of the day.

COMPANY SPECIFIC NEWS RELIANCE JIO TO LAUNCH FROM 5TH SEPTEMBER 2016 Mr. Mukesh Ambani, Chairman Reliance Industries unleashed an aggressive data price war with Reliance Jio, the new entrant in the telecom industry. With free domestic voice calls, free roaming, cheap international calls, low data tariffs, telecom industry is going to change forever from 5th September 2016. The commercial launch is scheduled in December. Jio TV will offer access to 300-plus channels. Jio Cinema will offer library of 6,000 movies, 1 lakh TV episodes and music of 10 million songs.

AUTO SALES FOR AUGUST 2016 COMPANY GROWTH RATE % MARUTI SUZUKI 12.20% MAHINDRA & MAHINDRA 15% ESCORTS (TRACTORS) 55% EICHER MOTORS 30%

CURRENT STOCK PRICE CHANGE % Rs. 5058.25 + 0.11% Rs. 1451.90 + 0.97% Rs. 330.15 + 1.65% Rs. 22740.05 + 0.03%

SUHANI ADILABADKAR [email protected] 9701063320

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