2017

Daily Equity Report

3RD MAY, 2017

Prepared By: Highlight Investment Research

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NIFTY 9312 (-1.85) -0.02 %

Nifty retained 9300 mark but closed lower by 1.85% at 9312. Sensex shed 66 points and
closed below 29900 at 29855. The sluggish movement was ahead of ICICI Bank
corporate earnings and FEDs decision during the policy review, which is most likely to
remain unchanged. Broader markets, BSE Mid-cap Index underperformed and closed
down 0.3% at 14810; whereas, BSE Small-cap Index slightly outperformed and closed
almost in line with the previous close at 15430 levels.

Nifty Daily Chart

Symbol SUP.3 SUP.2 SUP.1 PIVOT RES.1 RES.2 RES.3 52W 52W
HIGH LOW
NIFTY 9222 9259 9273 9312 9355 9369 9406 9367.15 7678.35
 BANK NIFTY:- 22307.30 (-34.05) -0.15%

Banking shares recovered as RBI increased the reverse repo, the rate at which RBI
borrows money from banks by 25 basis points to 6.00 per cent, narrowing the gap
between the repo and the reverse repo to 25 bps. Analysts say this is incrementally
positive for banks. The banking sub-index of National Stock Exchange erased its early
losses.Real estate shares were witnessing good buying interest after the Reserve Bank
allowed banks to invest in Real Estate Investment Trusts (REITs) and Infrastructure
Investment Trusts (InvITs).

Bank Nifty Daily Chart

Symbol SUP.3 SUP.2 SUP.1 PIVOT RES.1 RES.2 RES.3 52W 52W
HIGH LOW
BANK 22092 22195 22233 22367 22450 22488 22591 22383 16186.25
NIFTY
 MARKET STATISTICS:-

TOP GAINERS:-

Company Name High Low Prev Close % GAIN

INFRATEL 365.55 353.90 354.20 2.47%

POWERGRID 213.80 206.30 206 2.43%
UL TRACEMCO 4325 4210 4206 2.23%
TCS 2345 2268.50 2289.90 2.09%
COALINDIA 280.20 275 274.55 1.99%

TOP LOSERS:-

Company Name High Low Prev Close % Loss

LUPIN 1312.35 1261.40 1303.80 -2.82 %

AUROPHARMA 603.80 582.05 596.80 -1.82%
TATAPOWER 84.05 82.05 83.70 -1.79 %
HINDALCO 201.90 196.45 200.25 -1.52%
ZEEL 537.90 524.25 534.20 -1.35%

INDIAN MARKET
Company Name LAST PRICE CHANGE CHANGE %
S&P BSE SENSEX 29894.80 -26.38 -0.09%
NIFTY 50 9311.95 -1.85 -0.02%
S&P BSE MIDCAP 14810.21 -45.13 -0.30%

EUROPEAN MARKET
Company Name LAST PRICE CHANGE CHANGE %

DAX 12462.17 24.16 0.19%

CAC 40 INDEX 5287.76 20.43 0.39%
FTST100 7234.30 30.36 0.42%
 MARKET NEWS:-
.

Rupee near 17-month high; 10 stocks likely to benefit

The Indian rupee appreciated more than 3 percent against US Dollar so far in the year to
Rs 65.45/USD which was closer to a 17-month high of 65.36, a level which was last seen
on October 30, 2015. The rupee retreated from the lows of Rs 68/USD last seen in the year 2016
to claim the tag of Asias third-best performing currency in the first three months of the year
2017.The Indian rupee appreciated more than 3 percent against US Dollar so far in the year to Rs
65.45/USD which was closer to a 17-month high of 65.36, a level which was last seen on October
30, 2015.Korean Won appreciated more than 7 per cent against the dollar followed by Taiwan
Dollar and Japanese Yen which appreciated by 5 per cent each.The appreciation of the rupee is
likely to continue in near term as the rupee is reasonably well placed on inflation differential,
current account deficit, and foreign direct investment (FDI) flow.There does not seem to be any
danger of FII outflow, if anything, we could see some inflows as the DM to EM reversal gathers
strength. On the downside, therefore, the INR is unlikely to depreciate below 70 to the USD, Lalit
Nambiar, EVP & Fund Manager (Equities), Head Research, UTI Mutual Fund told On the
political front, BJP-led government coming in power with a sweeping victory in countrys largest
state Uttar Pradesh has provided strength to rupee on the back of stable government along with the
hope of more bold reforms coming in future, suggest experts.The Reserve Bank of Indias (RBI)
neutral stance on policy rates has signalled rupee to trade higher against the dollar. The dollar
index, which measures the greenback against a basket of six major currencies, dipped below the
100 level for the first time since Feb. 7 on Wednesday.After strong GDP data and stable December
quarter earnings from India Inc., foreign institutional investors (FII) who had turned net seller in
the Indian debt as well as equity markets post demonetisation have now become net buyers, suggest
experts.
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