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24 CARAT FINANCIAL SERVICES

Monday, 4th September 2017

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 Monday, 4th September 2017
Market Wrap

Markets end lower; Nifty holds 9,900

Nifty closed at 9,912 level, down by 61 points, while
Sensex closed at 31,702 level, down by 189 points in
Mondays trading session. Infosys and HDFC Bank were
the top contributors to the losses of the major indices.
There were 583 advances, 1,102 declines and 319
unchanged stocks on NSE, reecting that bears were in control of the market.

Downfall in the markets may be attributed to the increased geopolitical tensions. In the
broader markets, BSE Mid-cap index outperformed the major indices, closed at 15,580
level, down by 0.68%. BSE Small-cap index closed at 16,020 level, down by 0.68%.
Bank Nifty ended at 24,212 level, down by 221 points. IndusInd Bank was the top loser
in the index closed at Rs 1,662 per share, down by 1.79%.

BSE Telecom was the top losing index, which closed at 1,410 level, down by 1.32%.
ITI was the top loser in the index ending at Rs 97.7 per share, up by 4.17%.

BSE Metal was the top gaining index, closing at 13,563 level, up by 0.24%. Coal India
was top gainer on the index, closing at Rs 246 per share, up by 3.21%.

Apex Frozen Foods listed on NSE at Rs 202 per share, at a premium of Rs 27 per
share or 15.4% as compared to its issue price of Rs 175 per share.

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Market Snap Monday, 4th September 2017

SENSEX 31702.25 -189.98 (-0.62%)

NIFTY 50 9912.85 -61.55 (0.57%)

Dollar / Rupee 64.07 0.05 0.07%

Euro / Rupee 76.35 0.46 0.60%

Pound / Rupee 82.94 -0.02 -0.02%

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 Monday, 4th September 2017
Sector Watch

Nifty MNC Nifty FMCG

04-Sep-2017 | 15:29 04-Sep-2017 | 15:29
13,214.10 25,755.15
-54.25(-0.41%) -151.60(0.59%)

Nifty Pharma Nifty Infra

04-Sep-2017 | 15:29 04-Sep-2017 | 15:29
9,059.95 3,289.25
-11.75(-0.13%) -38.55(-1.16%)

Nifty Energy Nifty Bank

04-Sep-2017 | 15:29 04-Sep-2017 | 15:29
13,156.30 24,214.85
-62.45(-0.47%) -219.15(-0.90%)

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 Index View Monday, 4th September 2017

NIFTY

Ni y is looking bullish on long-term charts .

In todays trading session Ni y opened on a at node and traded with nega ve movement and closed at 9912 with
overall loss of 0.62%.

Today Ni y observed a sharp Downfall in the markets due to the increased geopoli cal tensions but it s ll managed to
give closing above its 50 days simple moving averages on daily chart.

Ni y is sustaining above its important support mark of 9850.

Ni y can test down side levels of 9800 & 9750 if it breaches its support level of 9850 while up side 10,000 will act as a
good resistance level.

R1 R2 Pivot S1 S2

10020 9974 9928 9882 9836

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 Index View Monday, 4th September 2017

BANKNIFTY

Bank Ni y is looking bullish on long-term charts .

In todays trading session Bank Ni y opened on a at node and traded with nega ve movement and closed at 24936.85
with overall loss of 0.81%.

Today Bank Ni y observed a sharp Downfall in the markets due to the increased geopoli cal tensions but it s ll
managed to give closing above its 50 days simple moving averages on daily chart.

Bank Ni y is sustaining above its important support mark of 24050.

Bank Ni y can test down side levels of 23800 & 23700 if it breaches its support level of 24050 while up side 24500 will
act as a good resistance level.

R1 R2 Pivot S1 S2

24330 24270 24200 24122 24045

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 Monday, 4th September 2017
Sectoral Indices

Gainers - NSE

Index Name Value CHG(Rs.) CHG(%) 52 Week High 52 Week Low

Nifty Media 3,039.2 12.00 0.40 3,297.05 2,487.7

Nifty Metal 3,546.05 3.55 0.10 3,571.25 2,442.3

Losers - NSE

Index Name Value CHG(Rs.) CHG(%) 52 Week High 52 Week Low

Nifty Realty 282.9 -4.75 -1.65 289.45 151.5

Nifty Infra 3,295.2 -32.60 -0.98 3,426.65 2,580.45

Nifty Pvt Bank 13,622.3 -119.75 -0.87 13,989.55 9,697.95

Nifty Bank 24,236.85 -197.15 -0.81 25,198.8 17,606.9

Nifty Auto 10,738.4 -85.20 -0.79 11,247.1 8,659.4

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 Monday, 4th September 2017
Gainers/Losers

GAINERS - NSE

Company Name LTP(Rs.) CHG(Rs.) CHG(Rs.) Volume

Coal India Ltd 246.5 7.85 3.29 8,266,499

Sun Pharmaceuticals Industries Ltd 500.7 14.50 2.98 4,484,707

Bosch Ltd 22,468.75 300.80 1.36 14,251

Oil & Natural Gas Corpn Ltd 161.8 1.85 1.16 4,858,231

Indiabulls Housing Finance Ltd 1,235.35 12.90 1.06 1,516,754

Losers - NSE

Company Name LTP(Rs.) CHG(Rs.) CHG(Rs.) Volume

Indian Oil Corporation Ltd 429.05 -19.25 -4.29 4,349,979

ACC Ltd 1,771.1 -46.95 -2.58 270,976

Adani Ports & Special Economic Zone Ltd 384.85 -10.05 -2.54 1,511,368

Infosys Ltd 900.2 -19.75 -2.15 4,216,961

Tata Motors-DVR 219.8 -4.75 -2.12 3,825,398

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 Monday, 4th September 2017
Global Indices

American Market
Index Country Value Chg % Last Updated(IST)
MerVal Argentina 23,657.64 0.29 01-Sep-2017 | 04:30
Bovespa Brazil 71,923.11 1.54 01-Sep-2017 | 04:30
IPC Mexico 51,080.85 -0.25 01-Sep-2017 | 04:30
DJIA United States 21,987.56 0.18 01-Sep-2017 | 04:30
Nasdaq United States 6,435.33 0.10 01-Sep-2017 | 04:30

European Market
Index Country Value Chg % Last Updated(IST)
ATX Austria 3,259.40 0.82 01-Sep-2017 | 22:30
BEL-20 Belgium 3,901.42 0.36 01-Sep-2017 | 22:30
CAC 40 France 5,123.26 0.74 01-Sep-2017 | 22:30
DAX Germany 12,142.64 0.72 01-Sep-2017 | 22:30
AEX General Netherlands 518.18 0.41 01-Sep-2017 | 22:30

Asian Market
Index Country Value Chg % Last Updated(IST)
Shanghai Composite China 3,379.58 0.37 04-Sep-2017 | 13:30
TA-100 East Israel 1,256.30 -1.17 03-Sep-2017 | 22:30
Hang Seng Hong Kong 27,740.26 -0.76 04-Sep-2017 | 14:11
Jakarta Composite Indonesia 5,864.06 -0.14 31-Aug-2017 | 15:51
Nikkei 225 Japan 19,508.25 -0.93 04-Sep-2017 | 12:30

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 Monday, 4th September 2017
Fund Flow

FII And DII Activity

Date Buy Value Sell Value Net Value

01-Aug - 2017 4,579.68 5,499.50 -919.82
01-Dec - 2017 3,503.91 3,904.95 -401.04
01 - Feb - 2017 5,476.36 5,401.58 74.78
01- June - 2017 4,547.31 4,998.12 -450.81
01- March - 2017 5,236.96 5,334.17 -97.21
01-Nov- 2017 4,930.89 5,026.88 -95.99
01-Sep- 2017 3,355.76 3,737.70 -391.94
02-Aug- 2017 4,106.42 3,538.51 567.91
02-Dec-2017 4,114.53 4,239.78 -125.25
02-Feb-2017 5,913.15 5,193.20 719.95

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 Monday, 4th September 2017
Buzzing Stocks

Closing Bell: Gainers: Coal India, Sun Pharma (+3%). Losers: IOC (-4%)
Adani Ports, ACC (-3%).

Sun Pharma erase morning losses, trades higher by 3%. The stock gains above
Rs 500 for the first time since Aug 8.

Reliance Capital stock falls 5% as F&O contracts expire today. The stock will turn ex-date on
Tuesday for the proposed demerger of Reliance Home Finance.

Nifty Bank Index down 1%. Canara Bank (-1.5%), Kotak Bank, IndusInd Bank, PNB, BoB (-1%).

ONGC seeks shareholders' nod for raising upto Rs 25,000 Cr via debt. Stock advances 1%.

Jaypee Infra stock rises 2% after SC stays insolvency proceedings in NCLT.

Kwality stock slumps 20% on heavy volumes.

Sun TV stock spurts 4% after IPL auction.

Coal India stock gains 2% on good August numbers.

Tyre stocks slip as govt levies anti-dumping duty. Apollo Tyres, Balkrishna Industries (-1%).

Raymond stock hits fresh 52-week high with rising volumes. Momentum indicator like MACD Histogram is showing
positive convergence indicating a continued upward momentum.

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 Monday, 4th September 2017
Market News

Sun TV extends gains

Shares of Sun TV Network were buzzing on the bourses during Mondays trade as the stock
soared over 4%, extending its intraday gains.

Sun TV Network was trading at Rs 795.60 per share, up by Rs 27.65 or 3.60% as at 1434
hours on Monday, on the BSE. The stock witnessed a spurt in volume by more than 5.30 times
and hit intraday high and low of Rs 803.85 and Rs 754, respectively.

The Annual General Meeting (AGM) of the company is scheduled to be held on

September 22, 2017.

The stock attracted a traded volume of 42,63,371 shares and traded value of Rs 33,054.77 lakh on the NSE. The company had hit its 52-week high of
Rs 946 on April 24, 2017, and 52-week low of Rs 434.15 on December 2, 2016, on the NSE.
Sun TV Network is engaged in providing broadcasting services. The company operates through Media and Entertainment segment. Its geographical
segments include India and others. It is engaged in producing and broadcasting satellite television and radio software programming in the regional
languages of South India.

Govt not likely to hike cess on cars immediately

The government has no immediate plans to hike cess on cars, as per the media reports. During the
festive season, there is a huge demand for automobiles and delay in implementing cess will relieve
auto players. If government hikes the cess on automobiles then it may hurt the profitability of auto
players in the country.

Earlier, August 30, the Union Cabinet had cleared an ordinance to hike cess on luxury cars and
SUVs to 25% from the existing 15%.

The Indian luxury-car market, which was eyeing a double-digit growth, is likely to be hurt with the government implementing its decision to up the cess
on luxury vehicles, believe industry experts.
BSE Auto index was trading down by 0.81% or 196 points at 23,951 level in line with the movement of the major indices in the market. Motherson Sumi,
Tata Motors, MRF, M&M and Exide Industries were among the top losers on the index trading lower by more than 1%.

Meanwhile, Nifty was trading at 9,885 level, down by 89 points while Sensex was trading at 31,678 level, down by 213 points as of 1411 hours on Monday.

SC stays insolvency proceeding against Jaypee Infra

The Supreme Court has stayed the insolvency proceedings against Jaypee Infratech being heard before the
NCLT. The apex court ruled in favour of a petition filed by home buyers, reported a leading business daily
on Monday.
IDBI had moved to the National Company Law Tribunal (NCLT) for insolvency proceedings against Jaypee
Infratech for default of a loan of about Rs 526 crore. The home buyers had filed a public interest litigation
(PIL) seeking a stay order on insolvency proceedings against the defaulting company.
On this issue, the SC has issued notices to the Finance Ministry, Jaypee Infra, RBI and UP government. The SC will hear buyers plea on October 10.
Meanwhile, the stock of Jaypee Infratech was trading at Rs 18.30 per share, up by Rs 0.65 or 3.68% as at 1318 hours on Monday, on the BSE. The
stock breached both upper and lower circuit during Mondays trade. It attracted a traded volume of 88,05,074 shares and traded value of Rs 1,561.14
lakh on the NSE.
Jaypee Infratech is engaged in the real estate development. The company's business segments include Yamuna Expressway Project and Healthcare.

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 Monday, 4th September 2017
Market News

JBF Industries breaches upper circuit as arm may sell Belgian plant
The stock of polyester maker, JBF Industries breached upper circuit
during Mondays trade as its subsidiary in the UAE is likely to sell
Belgian plant in a bid to settle part of its debt.

JBF RAK, a United Arab Emirates subsidiary of JBF Industries, is in

talks to sell its plant in Belgium for up to 250 million euros
(USD 298 million) to settle part of its debt, reported a leading
business daily.

JBF Industries was trading at Rs 174.95 per share, up by Rs 13.60 or 8.43% as at 1303 hours on
Monday, on the BSE. The stock breached upper circuit at Rs 177.45 and witnessed a spurt in volume
by more than 1.82 times.
It attracted a traded volume of 3,10,318 shares and traded value of Rs 538.00 lakh on the NSE. The
company had hit its 52-week high of Rs 326 on June 22, 2017, and 52-week low of Rs 136 on
August 10, 2017, on the NSE

Reliance Capital drops by 5% on its F&O expiry

Reliance Capital stock declined by nearly 5% as F&O contracts expire on Monday. The stock will turn
ex-date on Tuesday for the proposed demerger of Reliance Home Finance. The stock was trading at
Rs 815 per share, down by 4.96% on BSE as of 1523 hours.

Reliance Capital current FNO contracts will expire on Monday. The stock will trade ex-Home Finance
business from Tuesday.

Reliance Capital will be excluded from 11 S&P BSE indices from September 5, 2017, as the NBFC
player is demerging its real estate lending business. The indices are S&P BSE AllCap, S&P BSE 200, S&P BSE 100, S&P BSE Sensex Next 50, S&P
BSE Midcap and S&P BSE Large Midcap.

As per Scheme of Arrangement sanctioned by the National Company Law Tribunal (NCLT), Reliance Home Finance shall issue and allot equity shares at
par on a proportionate basis to the shareholders of Reliance Capital. Shareholders of Reliance Capital as on September 6, 2017, will receive one free
share of Reliance Home Finance for every share held in Reliance Capital.

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 Analyst Speaks Monday, 4th September 2017

Raymond Limited Textiles

Raymond Limited opened at level of 813, Above its immidiet Resistance of level Market Cap.: 4,981.67 Cr.
806 and Closed at level 859.2 Above Its important Resistance of level 840 with
Current Price: 811.60
overal gain of 6% ..
During Today's Trading Session Raymond Limited made a low of level 801.6 and Book Value: 271.62
High of 866 . Stock P/E: 100.91
Raymond Limited is looking Bullish in next few Trading Session because a er a Dividend Yield: 0.37%
short Consolida on it is above and broke its Horizontal Resistance of level 840.
Face Value: 10.00
Raymond Limited is above 50 days and 100 Days exponen al moving averages.
Long Term Trend of Raymond Limited is Bullish and a er a short consolida on
Phase it is above and broke its Horizontal Resistance of level 840. 52 Week High/Low:
839.40 / 397.75

S1 S2 S3 Pivot R1 R2 R3

818 777c 712 842 883 907 972

BUY Raymond Limited Between 860 870 for the Targate of 885 with the Stop Loss of 840.

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 Analyst Speaks Monday, 4th September 2017

Raisaheb Reckhchand Mohota Spinning & Weaving Mills Limited-Textiles

MOHOTA MILL Limited opened at level of 197.9, Above its imprtant Resistance of Market Cap.: 288.73 Cr.
level 195 and Closed Above Its important Resistance of level 203.85 with overal gain Current Price: 197.90
of 3% .
During Today's Trading Session MOHOTA MILL Limited made a low of level 197.9
Book Value: 26.75
and High of 208.9. Stock P/E: 104.23
MOHOTA MILL Limited is looking Bullish in next few Trading Session because a er Dividend Yield: 0.05%
a long term bullish trend it is above and broke its Horizontal Resistance of level 197 Face Value: 10.00
MOHOTA MILL Limited is above 50 days and 100 Days Exponen al moving
averages.
Long Term Trend of MOHOTA MILL Limited is Bullish and a er a long term bullish 52 Week High/Low:
trend it is above and broke its Horizontal Resistance of level 197 . 124.90 / 47.00

S1 S2 S3 Pivot R1 R2 R3

198 192 181 203 209 214 225

BUY TIL Limited Between 209-214 for the Targate of 225 with the Stop Loss of 195 .

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Analyst Speaks Monday, 4th September 2017

Our Previous Recommendation

Date Call Target/SL Prot / Loss

1-Sep BUY IndusInd Bank Limited Between 1696 1700

for the Targate of 1730 with the Stop Loss of 1670. Not Nil
2017 Executed

BUY TIL Limited Between 487 490 for the Targate of 505
1-Sep with the Stop Loss of 475 SL 3600/-
2017 Triggered Loss

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