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Morning Report 02 July 2020

Commodities Price % Chg.

Crude (US$/BBL) 39.7 1.07

Brent (US$/BBL) 42.0 1.99

Gold (US/oz) 1777.6 (1.20)

Silver (US$/oz) 18.2 (1.89)

Copper (US$/MT) 6016.5 (0.36)

Alum (US$/MT) 1593.5 (0.53)

Zinc (US$/MT) 2007.5 (2.38)

World Indices Latest % Chg

Nifty 10430 1.24

Sensex 35414 1.43

DowJones 25735 -0.30

Nasdaq 10155 0.95

Hangseng 24829 1.65

Shanghai 3049 0.78

Nikkei 22245 0.55

Strait Times 2617 0.25

Kospi 2125 0.87

Taiwan 11761 0.49

FTSE 6158 -0.19

CAC 4927 -0.18

DAX 12261 -0.41

NSE Sect. Indices Latest % Chg

NIFTY IT 14732 (0.15)

NIFTY BANK 21978 2.84

NIFTY FMCG 30233 0.56

NIFTY METAL 1997 0.30

NIFTY PHARMA 9883 (1.02)

NIFTY AUTO 6719 (0.01)

NIFTY ENERGY 14474 0.54

NIFTY INFRA 3031 (0.03)

ADR Cl. Values % Chg.

ICICI Bank 9.29 0.17

HDFC Bank 45.46 (0.16)

Infosys 9.66 0.09

Vedanta 5.61 (0.13)

Dr. Deddy's Labs 53.01 (0.02)

Wipro 3.31 0.04

Tata Motors 6.57 (0.14)

Market Sensor

While the Nasdaq and the S&P 500 moved notably higher over the course ofthe trading session on Wednesday, the Dow showed a lack of directionbefore closing in negative territory. The advance on the day lifted the tech-heavy Nasdaq to a new record closing high. The Dow moved to the downsidegoing into the close, ending the session down 77.91 points or 0.3 percent to25,734.97. Meanwhile, the Nasdaq jumped 95.86 points or 1 percent to10,154.63 and the S&P 500 climbed 15.57 points or 0.5 percent to 3,115.86.

Domestic shares posted strong gains on Wednesday, with financials leadingthe surge after a survey showed the pace of contraction in India'smanufacturing sector slowed further in June. The headline IHS Markitmanufacturing Purchasing Managers' Index, or PMI, increased to 47.2 in Junefrom 30.8 in May. The benchmark S&P BSE Sensex jumped 498.65 points, or1.43 percent, to 35,414.45, while the broader NSE Nifty index ended up127.95 points, or 1.24 percent, at 10,430.05. On Wednesday’s tradingsession, FIIs sold net Rs 1696.45 cr in cash market whereas, DII bought net Rs1377.13 cr in cash segment.

Global News

❖Britain should consider increasing its unemployment benefits to help getpeople into the kind of work that is likely to be in demand after thecoronavirus lockdown, the chief economist of the International MonetaryFund said. (Reuters)

❖Most government funds are ill-equipped to handle crises such as COVID-19and some sovereign investors may be hit by government withdrawals,liquidity struggles and mergers even after the pandemic, a report said.

❖Portfolio inflows to emerging markets jumped to $32.1 billion in June from$3.5 billion in May, the bulk of it in debt securities, the Institute ofInternational Finance said on Wednesday. (Reuters)

❖Banks and insurers in Britain must implement by the end of 2021 plans theyhave drawn up to deal with risks to their businesses from climate change, theBank of England (BoE) said on Wednesday. (Reuters)

❖U.S. private payrolls increased less than expected in June as reopeningbusinesses showed little urgency to rehire workers and employersannounced more than 170,000 layoffs, bolstering views the recovery fromthe COVID-19 pandemic would be a long slog. (Reuters)

Vol. ShockersLast Day

(Lakh)

2 Wk Avg.

(Lakh)

Vol. Ch.(Times)

INGERRAND 0.91 0.1 8

RNAVAL 319.32 41.1 8

RPOWER1280.2

4168.1 8

ACCELYA 0.68 0.1 7

KRBL 10.07 1.4 7

Precious Metal Closing Chg (Rs.)

Gold (Rs/10gm) 48730 426

Silver (Rs/1kg) 49585 1186

Advances / Declines BSE NSE

Advances 1481 1032

Declines 1305 860

Unchanged 120 59

Total 2906 1951

Nifty Gainers

Company Price(Rs) Chg(%)

AXISBANK 432.45 6.34

UPL 447.60 5.27

BAJAJFINSV 6148.85 5.20

HDFC 1836.80 4.68

ITC 203.70 4.65

Nifty Losers

Company Price(Rs) Chg(%)

NTPC 93.75 (2.14)

NESTLEIND 16820.00 (2.06)

LT 924.85 (1.99)

SHREECEM 22599.00 (1.96)

CIPLA 628.20 (1.88)

Indian Forex Closing Chg % Chg

USD/INR 75.581 0.054 0.07

GBP/INR 93.584 0.895 0.97

EUR/INR 84.889 0.224 0.26

JPY/INR 70.190 0.040 0.06

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Economic News

❖The ILO has warned that if another Covid-19 wave hits in the secondhalf of 2020, there would be global working-hour loss of 11.9 per cent -equivalent to the loss of 340 million full-time jobs. (BS)

❖Finance minister Nirmala Sitharaman on Wednesday said thegovernment is committed to undertaking reforms to make the taxadministration simple for the businesses, particularly the micro, smalland medium enterprises (MSMEs). (BS)

❖India plans to gradually introduce pricing and marketing freedom fornatural gas as well as rationalise pipeline tariffs to help push for agreater share of the environment-friendly fuel in the energy basket, OilMinister Dharmendra Pradhan said on Wednesday. (BS)

❖MGNREGA continues to attract rural labourers pushed into distress dueto the Covid-19 crisis triggering calls for increasing the mandatoryworkdays to 200 and raising the minimum wages under the scheme toRs 600 per day. (BS)

❖The Employees’ State Insurance Corporation (ESIC) has started a drive tode-duplicate its subscribers’ data in a bid to do better targeting ofinsurance benefits to the private sector workers. (BS)

❖Textile industry in Tamil Nadu said that nearly 500 containers carryingapparel accessories and fabrics are stuck in and around Chennai. Thesecontainers have come mainly from China. (BS)

❖The government assured steel makers that it will take appropriatemeasures to reduce the logistics cost of products that currently reachesas high as 28 per cent. (BS)

❖Traders' body CAIT suggested a host of measures, like technical auditsand waiver of late fees, to broaden the GST base and make the taxationsystem simple. (BS)

❖The World Bank will give $ 750 million as loan to India forstrengthening small businesses that form the backbone of the country’seconomy and were devastated in the coronavirus pandemic. (BS)

❖GST revenue collection in June stood at Rs 90,917 crore, up from Rs62,009 crore mopped up in May and Rs 32,294 crore in April. (BS)

❖The World Bank approved a $750 million loan to support increased flowof finance into the hands of India's micro, small, and medium enterprises(MSMEs), severely impacted by the Covid-19 crisis. (BS)

Global Forex Closing Chg % Chg

EUR-USD 1.1244 0.0015 0.13

GBP-USD 1.2467 0.0071 0.57

USD-JPY 107.47 (0.4400) (0.40)

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 – 6611 1700, Extn. - 704 www.ashikagroup.com

Domestic News

❖A COVID-19 vaccine developed jointly by Pfizer Inc and German biotechfirm BioNTech has shown positive in preliminary results and was found tobe well tolerated in early-stage human trials.

❖Hitachi has completed the merger of its joint venture power businessunit with ABB Power Grids. The merged entity is known as Hitachi ABBPower Grids globally.

❖Naveen Jindal’s flagship steel company Jindal Steel and Power (JSPL) islooking to sell its overseas mining assets and focus on the India businessinstead.

❖ India’s top automakers posted sharply higher sequential increases inwholesales, or factory dispatches, in June as they ramped up productionthough it remained a far cry from the pre-covid-19 levels.

Bond Markets Closing Chg

10-yr bond 6.07 0.10 bps

Interbank call 3.55 -9.77 bps

16

9

1,7

67

-1,0

51

-75

3

-1,9

37

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00

-1,6

96

45

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36

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FII/FPI DII

Rs.Cr Institutional Activity (Last 5 trading Sessions)

0

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Rs.CrRs.Cr Market Turnover - last 5 Trading Sessions

NSE Cash BSE Cash NSE F&O(RHS)

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Domestic News (Cont...)

❖Dr Reddy’s Lab has partnered with the Japanese pharma giantFujifilm Toyama Chemical and Global Response Aid (GRA) fordevelopment, manufacture and sale of antiviral drug Avigan(favipiravir) tablets for potential treatment of Covid-19.

❖The production of Coal India declined by 12.8 per cent to 39.20MT in June, reflecting the third straight month of decline in outputas national coronavirus lockdowns cut demand for the fuel.

❖Tata Motors Sales in Q1FY21 at 25,047 vehicles against 1,37,545vehicles during Q1FY20.

❖TVS Motor Company Sales in June 2020 at 1.98 lakh units versus2.97 lakh units in June 2019.

❖Ashok Leyland has registered 81% decline in total sales in June2020, sold 2,394 units in June 2020

❖Tata Motors has reported 82% decline in sales to 23,845 units.

❖Hero MotoCorp reported 26.88 per cent dip in sales last monthat 4,50,744 units.

❖Mahindra & Mahindra reported a steep 55 per cent fall in totalsales at 19,358 units in June.

❖NMDC June 2020 production remained unchanged at 5.04 MTYoY, sales at 4.96 MT versus 5.32 MT YoY.

❖Urja Global signed MOU with Ogata Motors India formanufacturing of electric vehicles in Delhi.

❖The department of telecommunications (DoT) will soon seekCabinet approval for a policy to provide broadband servicesthrough landline.

❖ Indian banks are likely to require at least $15 billion in freshcapital to meet a 10% weighted-average common equity tier 1ratio under a moderate stress scenario, according to Fitch Ratings.

❖ Jindal Steel & Power’s Mauritius subsidiary accepted bindingoffer from Templar Investments and will divest its entire stake byway of sale of shares in step-down material subsidiary JindalShadeed Iron and Steel LLC, Oman.

❖Polycab India incorporated a wholly-owned subsidiary inAustralia, Polycab Australia PTY Ltd.

❖CARE revised the outlook of JSW Energy to Stable on thelong/short term bank facilities and debt instruments.

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 – 6611 1700, Extn. - 704 www.ashikagroup.com

2.62.9 3.0 3.0 3.2 3.1 3.3

4.0

4.6

5.5

7.47.6

6.6

1.8

2.8

3.8

4.8

5.8

6.8

7.8

8.8

Fe

b-1

9

Ma

r-1

9

Ap

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Jun

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Jul-

19

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Se

p-1

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Oct

-19

No

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Jan

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CPI Inflation (%)

-15

-10

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5

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Ma

r-1

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Ap

r-1

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Ma

y-1

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Jun

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Jul-

19

Au

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Se

p-1

9

Oct

-19

No

v-1

9

De

c-1

9

Jan

-20

Fe

b-2

0

Sectoral IIP (YoY %)

MiningManufacturingElectricityGeneral

2

3

4

5

6

7

8

9

05

-Ja

n-0

9

21

-Ap

r-0

9

20

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27

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02

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0

17

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1

16

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1

16

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p-1

1

17

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2

19

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r-1

3

20

-Se

p-1

3

28

-Ja

n-1

4

03

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r-1

5

29

-Se

p-1

5

04

-Oct

-16

02

-Au

g-1

7

01

-Au

g-1

8

06

-Ap

r-1

9

07

-Au

g-1

9

27

-Ma

r-2

0

Repo & Rev.Repo (%)

Repo Rate (%)

Reverse Repo Rate (%)

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

17

-Ja

n-0

9

13

-Fe

b-1

0

27

-Fe

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24

-Ap

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28

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2

10

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2

22

-Se

p-1

2

03

-No

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2

09

-Fe

b-1

3

27

-Ma

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0

Cash Reserve Ratio (CRR) (%)

5.5

6.0

6.5

7.0

7.5

8.0

8.5

Ap

r-1

8

Jun

-18

Au

g-1

8

Oct

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De

c-1

8

Fe

b-1

9

Ap

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9

Jun

-19

Au

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9

Oct

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De

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b-2

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Ap

r-2

0

India's Government Bond Yield (%)

10 Years

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Bulk Deal - NSE

Bulk Deal - BSE

Corporate Actions

Date Security Name Client Name Buy/Sell Traded Qty. Price

1-Jul-20 CBPL GOENKA BUSINESS & FINANCE LIMITED B 40,000 50.0

1-Jul-20 HARDWYN ATUL JAIN HUF B 135,000 13.8

1-Jul-20 HITECHWIND KRUTI KEVIN KAPADIA B 60,000 18.0

1-Jul-20 SSPNFIN RAJESH RAMANLAL KAPADIA B 24,000 43.6

1-Jul-20 KDLL AKSHAY SHAH (HUF) S 29,007 29.6

Date Security Name Client Name Buy/Sell Traded Qty. Price

1-Jul-20 Orient Green Power Co Ltd BESSEMER INDIA CAPITAL OGPL LTD SELL 13169304 2.8

1-Jul-20 The Anup Engineering LtdHDFC MUTUAL FUND A/C HDFC RETIREMENT SAVINGS FUND-EQUITY PLAN

BUY 83513 380.1

1-Jul-20 Somany Ceramics Limited BIRLA SUN LIFE INSURANCE COMPANY LTD SELL 227000 117.8

1-Jul-20 Syncom Healthcare Ltd PRATIK BANKDA SELL 2000000 3.2

1-Jul-20 Syncom Healthcare Ltd NUPUR ANIL SHAH BUY 500000 3.2

Scrip Code Scrip Name Ex-Date Purpose Record Date

540222 LAURUSLABS 01-Jul-20 Final Dividend - Rs. - 1.0000 -

501301 TATAINVEST 01-Jul-20 Dividend - Rs. - 18.0000 -

507525 AMRITCORP 02-Jul-20 Buy Back of Shares 03-Jul-20

500038 BALRAMCHIN 02-Jul-20 Buy Back of Shares 03-Jul-20

500104 HINDPETRO 02-Jul-20 Final Dividend - Rs. - 9.7500 -

535648 JUSTDIAL 02-Jul-20 Buy Back of Shares 03-Jul-20

541161 KARDA 02-Jul-20 Stock Split From Rs.10/- to Rs.2/- 03-Jul-20

526299 MPHASIS 02-Jul-20 Final Dividend - Rs. - 35.0000 -

500325 RELIANCE 02-Jul-20 Dividend - Rs. - 6.5000 03-Jul-20

590071 SUNDARMFIN 02-Jul-20 Final Dividend - Rs. - 3.0000 -

500407 SWARAJENG 02-Jul-20 Dividend - Rs. - 25.0000 -

500407 SWARAJENG 02-Jul-20 Special Dividend - Rs. - 15.0000 -

540108 TAHL 02-Jul-20 Bonus issue 1:4 03-Jul-20

500875 ITC 06-Jul-20 Dividend - Rs. - 10.1500 -

500228 JSWSTEEL 06-Jul-20 Final Dividend - Rs. - 2.0000 -

532819 MINDTREE 06-Jul-20 Final Dividend - Rs. - 10.0000 -

526433 ASMTEC 07-Jul-20 Final Dividend - Rs. - 2.5000 -

540143 SAGARSOFT 07-Jul-20 Dividend - Rs. - 1.5000 -

500020 BOMDYEING 08-Jul-20 Dividend - Rs. - 0.2000 -

540115 LTTS 08-Jul-20 Final Dividend - Rs. - 13.5000 -

522249 MAYURUNIQ 08-Jul-20 Final Dividend - Rs. - 1.0000 -

517536 ONWARDTEC 08-Jul-20 Final Dividend - Rs. - 1.5000 -

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 – 6611 1700, Extn. - 704 www.ashikagroup.com

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Global Economic Calendar

Date Curr. Event Actual Forecast Previous

29-Jun-20 JPY Retail Sales (YoY) (May) -11.60% -13.90%

29-Jun-20 GBP BoE Consumer Credit (May) -2.500B -7.399B

29-Jun-20 GBP Mortgage Approvals (May) 25.00K 15.85K

29-Jun-20 GBP Mortgage Lending (May) -1.00B 0.29B

29-Jun-20 EUR Business and Consumer Survey (Jun) 80 67.5

29-Jun-20 USD Pending Home Sales (MoM) (May) 19.70% -21.80%

30-Jun-20 GBP GfK Consumer Confidence (Jun) -34 -30

30-Jun-20 JPY Unemployment Rate (May) 2.80% 2.60%

30-Jun-20 JPY Industrial Production (MoM) (May) -5.60% -9.80%

30-Jun-20 GBP Current Account (Q1) -15.0B -5.6B

30-Jun-20 GBP GDP (YoY) (Q1) -1.60% -1.60%

30-Jun-20 EUR CPI (YoY) (Jun) 0.10% 0.10%

30-Jun-20 USD S&P/CS HPI Composite - 20 s.a. (MoM) (Apr) 0.40% 0.50%

30-Jun-20 JPY Housing Starts (YoY) (May) -15.90% -12.90%

1-Jul-20 JPY Manufacturing PMI (Jun) 37.8 38.4

1-Jul-20 CNY Caixin Manufacturing PMI (Jun) 50.5 50.7

1-Jul-20 GBP Nationwide HPI (YoY) (Jun) 0.90% 1.80%

1-Jul-20 EUR Manufacturing PMI (Jun) 46.9 46.9

1-Jul-20 GBP Manufacturing PMI (Jun) 50.1 50.1

1-Jul-20 USD ADP Nonfarm Employment Change (Jun) 3,000K -2,760K

1-Jul-20 USD ISM Manufacturing PMI (Jun) 49 43.1

2-Jul-20 EUR PPI (YoY) (May) -4.80% -4.50%

2-Jul-20 EUR Unemployment Rate (May) 7.70% 7.30%

2-Jul-20 USD Initial Jobless Claims 1,480K

2-Jul-20 USD Nonfarm Payrolls (Jun) 3,074K 2,509K

2-Jul-20 USD Trade Balance (May) -52.40B -49.40B

2-Jul-20 USD Unemployment Rate (Jun) 12.30% 13.30%

2-Jul-20 USD Factory Orders (MoM) (May) 8.30% -13.00%

3-Jul-20 JPY Services PMI (Jun) 42.3 26.5

3-Jul-20 CNY Caixin Services PMI (Jun) 55

3-Jul-20 EUR Services PMI (Jun) 47.3 47.3

3-Jul-20 GBP Services PMI (Jun) 47 47

Date Curr. Event Actual Forecast Previous

30-Jun-20 INR Federal Fiscal Deficit (May) 2,795.12B

30-Jun-20 INR Current Account (USD) -1.40B

30-Jun-20 INR Infrastructure Output (YoY) (May) -38.10%

1-Jul-20 INR Nikkei Markit Manufacturing PMI (Jun) 30.8

3-Jul-20 INR Nikkei Services PMI (Jun) 12.6

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 – 6611 1700, Extn. - 704 www.ashikagroup.com

Indian Economic Calendar

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