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07th

July 2018 Issue - 307

TCS hits fresh record high; brokerages

betting on strong Q1 earnings growth

Tata Consultancy Services created history on

Friday as it touched a fresh record high above

Rs 1,900 per share, supported by expectations

of strong growth in the June quarter and

depreciation in the rupee against the dollar.

The IT bellwether hit a fresh record high of

Rs 1,916.15 per share on the BSE. The stock

has been in an uptrend in 2018, up over 40

percent in the first six months. Indian largest

software exporter holds the tag of India’s

most valued company with a market

capitalisation of Rs 7.2 lakh crore, followed

by Reliance Industries, HDFC Bank, ITC,

and HDFC.

Varroc Engineering stock ends 7% higher

at Rs 1040 on BSE

The share price of auto component maker

Varroc Engineering closed at Rs 1040.55 on

Friday, a gain of 7.6 percent over its issue

price of Rs 967 on the BSE.

The stock has touched an intraday high of Rs

1,062 and an intraday low of Rs 1,000.

Corporate Action Company Name Type

& Percentage

Record Date Ex-Date

Bonus City Union Bank 1:10 11-07-2018 10-07-2018

Minda Ind 2:1 12-07-2018 11-07-2018 General Insuran 1:1 14-07-2018 12-07-2018 Ashoka Buildcon 1:2 13-07-2018 12-07-2018

Splits Shrenik New FV 2 09-07-2018 - Otco Intl New FV 2 10-07-2018 -

Dividend

Zee Entertain Final (290%) 10-07-2018 09-07-2018 Mindtree Final (30%) - 09-07-2018

Lumax Inds Final (230%) - 09-07-2018 Indian Metals Final (100%) - 09-07-2018 Goa Carbon Final (100%) - 09-07-2018

Balkrishna Ind Final (75%) - 09-07-2018 Bata India Final (80%) - 09-07-2018

Ashok Leyland Final (243%) - 09-07-2018 UltraTechCement Final (105%) - 10-07-2018

Tata Sponge Final (200%) - 10-07-2018 Seshasayee Pape Final (150%) - 10-07-2018 Orient Electric Final (50%) - 10-07-2018 Abbott India Special (50%) - 10-07-2018 Abbott India Final (500%) - 10-07-2018

Ceat Final (115%) - 10-07-2018 Shreyas Shippin Final (15%) - 11-07-2018

SREI Infra Final (5%) - 11-07-2018 Singer India Final (37%) - 11-07-2018

Menon Pistons Final (60%) - 11-07-2018 Minda Ind Final (80%) 12-07-2018 11-07-2018

Mastek Final (80%) - 11-07-2018 Karur Vysya Final (30%) - 11-07-2018

Kotak Mahindra Final (14%) - 11-07-2018 Karnataka Bank Final (30%) - 11-07-2018

Indian Hotels Final (40%) - 11-07-2018 Hero Motocorp Final (2000%) - 11-07-2018 Greenply Ind Final (60%) - 11-07-2018 Greenply Ind Final (250%) - 11-07-2018

Wendt Final (150%) - 12-07-2018 Tata Power Final (130%) - 12-07-2018

Supreme Petro Final (35%) - 12-07-2018 Swaraj Engines Special (250%) - 12-07-2018 Swaraj Engines Final (250%) - 12-07-2018

Sasken Tech Final (45%) - 12-07-2018 Swaraj Auto Final (45%) - 12-07-2018

RCI Industries Final (5%) 13-07-2018 12-07-2018 Rajratan Global Final (15%) - 12-07-2018 Onward Tech Final (10%) - 12-07-2018

M&M Final (150%) - 12-07-2018 Menon Bearings Final (25%) - 12-07-2018 Kirloskar Ferro Final (25%) - 12-07-2018 Kirloskar Bros Final (125%) 13-07-2018 12-07-2018

General Insuran Final (270%) 14-07-2018 12-07-2018 D-Link India Final (25%) - 12-07-2018

Birla Corp Final (65%) - 12-07-2018 Bandhan Bank Final (10%) 13-07-2018 12-07-2018 GE Power India Final (30%) - 12-07-2018

Atul Final (120%) - 12-07-2018 Tata Inv Corp Special (20%) - 13-07-2018 Tata Inv Corp Final (180%) - 13-07-2018

SKF India Final (120%) - 13-07-2018 Navin Fluorine Special (150%) - 13-07-2018 Navin Fluorine Final (180%) - 13-07-2018

Navneet Final (75%) - 13-07-2018 Lakshmi Machine Final (400%) - 13-07-2018

HEG Final (500%) - 13-07-2018 GlaxoSmithKline Final (350%) - 13-07-2018

Bhageria Indu Final (110%) - 13-07-2018

Corporate Action

Nifty Spot In Last Week :-

As we saw the Price Movement in Nifty Spot in last week that In Upside is 10816.35 and in Downside 10604.65

Nifty Spot In Upcoming Week :-

If the level of 10550 is not break then we will see the higher level with the support of that level and in upside mentioned

level close above 10860 So Target will be 11,111. If Nifty close below 10550 than target will up to 10400 to 10350.

Bank Nifty in Upcoming week ov

There is a very Strong support in downside level of 26100. If mentioned level is not break then we will see the higher level

with the support of that level; there is also strong resistance of 26650. If it’s close above mentioned level then target will be

up to 27050 to 27850.

NIFTY WEEKLY CHART BANKNIFTY WEEKLY CHART

COPPER WEEKLY CHART

COPPER:- :- There is a strong support level of 425 in

downside; Investors can Buy Copper with the Stop loss of

425 and target will be 450. If Copper will break that support

of 425 and close below that level then the target price will

be down to 406 to 383.

CRUDE OIL :- Investors can buy Crude

oil with the stop loss of 4799 then target

will be up to 5390.

CRUDE OILWEEKLY CHART

SILVER:- Investors can buy on dips

with the Stop loss of 38400 and If Silver

give close above 41600 then target will be

44000.

GOLD:- There is a strong

resistance level of 30,800. If

trading below this level

investor may saw selling

pressure. If the 30,800 level

breaks in upside then target

will be 31,000.

NATURALGAS:- Investors

can buy on dips with the stop

loss of 189 then target will be

up to 203 to 209.

GOLD WEEKLY CHART

SILVER WEEKLY CHART

NATURALGAS WEEKLY CHART

USDINR: : Investors can buy on dips in the range of 68.40 to

68.45 with a stop loss of 67.80. On upside target will be 69.40;

if USDINR close above 69.40 then target will be 70.50 to

72.50.

GBPINR: : Investors can buy on dips with the stop loss of 89.29

and in upside the target will be 92.50 to 93.00. Investors can sell in the

range of 93.00 with a stop loss of 94.05 then next target will be 91.30 to

90.59.

USDINR CHART

GBPINR CHART

EURINR: : Investors can sell on rise in the range of 81.25

to 81.60 stop loss of 82.35. If it closes above 82.35 then target

price will be 84.00.

EURINR CHART

JPYINR: There is a strong support of 61.15. Investors can

buy on dips this level stop loss 60.80 target will be upside

63.10; If close above this level 63.10 then next target will be

63.80.

JPYINR CHART

Factors affecting Currency Rates:

The dollar fell to three-week lows on Thursday, as the euro gained on strong German

industrial orders, while data showing jobs rose less than expected in June plus nagging

concerns about global trade also reined in the greenback's recent rally.

Mazen Issa, senior FX strategist, at TD Securities in New York said U.S. economic

prospects remain upbeat compared with the rest of the world, but that advantage could

be running its course.

The dollar index dropped to a three-week low and was last down 0.21 percent at 94.47.

Charts Showing trends of Dollar Index v/s USD/INR & USD/EUR

Premium / Discount (USD/ INR)

Based on Forward Rates

Duration Premium

One month Forward 026

Three month

Forward

0.48

Six month 1.24

One year 2.53

RBI reference Rates

Currency Rates

USD 68.87

GBP 91.14

Euro 80.63

100 Yen 62.25

Saving in CENTURY SIP with the benefit of Life Insurance

Here is the scheme which recommended by Market Hub

What is Birla Sun Life Century SIP (CSIP)?

SIP has long been recognized as an effective approach to counter volatility in equity

market and in fact benefit from it. SIP generally works well when continued over a

long period of time. To encourage long term investing in SIP, we hereby offer a free

life insurance cover under group term insurance to individual investors opting for

CSIP in the designated schemes.

HIGHLIGHTS OF CENTURY SIP’S KEY FEATURES

SUM INSURED

Up to 100 Times of monthly SIP Installment

1st Year: 10 times the monthly SIP amount

2nd Year: 50 times the monthly SIP amount

3rd Year and beyond : 100 times monthly SIP amount

MAX 25Lakhs. (eg: Insurance Cover up to Rs 25 Lakhs on CSIP Amount of Rs.

25000)

SUM INSURED (if SIP Stops)

Cover continues, if SIP stops after 3 Year @ Fund value, Subject to Maximum of

100 times Monthly SIP Installment.

LIFE COVER Proceeds

(In Case of Pre Mature Death)

Goes to the Nominee

Benefits to Nominee

(In case of Pre Mature Death) Fund Value + Life Cover equipment up to 100 times

SIP Installments.

Minimum SIP Installment

Minimum amount Rs. 1000, No Maximum amount Limit.

Cost

Cost of Insurance to be entirely borne by the AMC.

Commencement of Insurance Cover

Insurance Cover will start from the Commencement of CSIP/CSTP. However only

accidental death will be covered for the first 45 days.

Computation

The total insurance cover value depends on how much you invest into your Century

SIP regularly, subject to a maximum cover of Rs. 25 Lakhs. And the best part is the

returns become incremental year-on-year. Here’s how the computation works.

Assuming century SIP of Rs. 25,000.00 month

1st Year

10 times the monthly SIP installment i.e. Rs.2,50,00

2nd Year

50 times the monthly SIP installment i.e. Rs. 12,50,000

3rd Year(If century SIP Continues)

100 times the monthly installment i.e. Rs. 25,00,000

Eligibility

All Resident Individual between 18 Years to less than 51 Years.And NRI From

Eligible Countries.

Insurance Cover Continue

Upto Age of 60 Years. No Medical Test Required.

Operational Flexibility

SIP through NACH, Direct Debit & STP Option Available.

Century SIP Folio can be used for lum sum and multiple Scheme.

Termination of insurance

Full/partial redemption or switches before the completion of the CSIP/CSTP tenure.

Two consecutive payment defaults or total four defaults over the tenure of

CSIP/CSTP.

Designated schemes in which Century SIP will be offered are:

Birla Sun Life Equity Fund

Birla Midcap Fund

Birla Sun Life Frontline Equity Fund

Birla Sun Life Tax Relief 96*

Birla Infrastructure Fund

Birla Sun Life Basic Industries Fund

Birla India GenNext Fund

Birla Advantage Fund

Birla Equity Plan*

Birla Index Fund

Birla Sun Life New Millennium

Birla Top 100

Birla Sun Life Buy India Fund

Birla MNC Fund

Birla India Opportunities Fund

Birla Dividend Yield Plus

Birla Sun Life International Equity Fund

Birla Sun Life Special Situations Fund

*An Open-ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years