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11008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 – 6611 1700, Extn. - 704 www.ashikagroup.com

Morning Report 01 July 2020

Commodities Price % Chg.

Crude (US$/BBL) 39.3 (1.06)

Brent (US$/BBL) 41.2 (1.34)

Gold (US/oz) 1799.1 0.99

Silver (US$/oz) 18.6 2.88

Copper (US$/MT) 6038.0 1.36

Alum (US$/MT) 1602.0 0.82

Zinc (US$/MT) 2056.5 1.68

World Indices Latest % Chg

Nifty 10302 -0.10

Sensex 34916 -0.13

DowJones 25813 0.85

Nasdaq 10059 1.87

Hangseng 24427 0.52

Shanghai 3000 0.51

Nikkei 22175 -0.51

Strait Times 2616 0.99

Kospi 2124 0.74

Taiwan 11709 0.76

FTSE 6170 -0.90

CAC 4936 -0.19

DAX 12311 0.64

NSE Sect. Indices Latest % Chg

NIFTY IT 14754 (0.09)

NIFTY BANK 21370 0.05

NIFTY FMCG 30063 0.31

NIFTY METAL 1991 0.09

NIFTY PHARMA 9985 (1.49)

NIFTY AUTO 6719 1.10

NIFTY ENERGY 14397 (1.32)

NIFTY INFRA 3032 (0.34)

ADR Cl. Values % Chg.

ICICI Bank 9.12 0.07

HDFC Bank 45.62 0.53

Infosys 9.57 0.04

Vedanta 5.74 (0.03)

Dr. Deddy's Labs 53.03 0.84

Wipro 3.27 0.00

Tata Motors 6.71 0.11

Market Sensor

Extending the strong upward move seen in the previous session, U.S. stocksmoved notably higher over the course of the trading day on Tuesday. TheDow saw some volatility before eventually joining the broader Nasdaq andS&P 500 firmly in positive territory. The major averages pulled back off theirhighs going into the close but held on to strong gains. The Dow jumped217.08 points or 0.9 percent to 25,812.88, the Nasdaq spiked 184.61 pointsor 1.9 percent to 10,058.77 and the S&P 500 surged up 47.05 points or 1.5percent to 3,100.29.

Domestic shares pared early gains to end on a flat note Tuesday. While rate-sensitive auto and banking stocks gained ground, energy and healthcarestocks paced the declines ahead of Prime Minister Narendra Modi's addressto the nation later in the day. The benchmark S&P BSE Sensex ended thesession down 45.72 points, or 0.13 percent, at 34,915.80, while the broaderNSE Nifty index slid 10.30 points, or 0.10 percent, to finish at 10,302.10. OnTuesday’s trading session, FIIs sold net Rs 2000.08 cr in cash market whereas,DII bought net Rs 2051.31 cr in cash segment.

Global News

❖U.S. consumer confidence rebounded in June as businesses reopened,strengthening views that the economic downturn was likely over, thoughrising COVID-19 infections threaten to derail the budding recovery. (Reuters)

❖Gulf Cooperation Council (GCC) countries will see their economies shrinkby 7.6% this year, an International Monetary Fund official said on Tuesday,revising downwards April forecasts of nearly 3%.(Reuters)

❖Dubai’s real gross domestic product shrank by 3.5% year-on-year in thefirst quarter, the government’s media office said in a statement on Tuesday,as the Middle East’s business and tourism hub feels the impact of thecoronavirus crisis. (Reuters)

❖Recent signs suggest Britain is on course for a V-shaped economic recoveryfrom the coronavirus lockdown but there is still a risk of high and persistentunemployment, the Bank of England’s chief economist Andy Haldane said onTuesday. (Reuters)

❖South Africa’s recession deepened in the first quarter of 2020, with officialdata on Tuesday showing that gross domestic product contracted 2% fromthe previous three months, led by declines in mining and manufacturing.(Reuters)

Vol. ShockersLast Day

(Lakh)

2 Wk Avg.

(Lakh)

Vol. Ch.(Times)

MAYURUNIQ 3.80 0.4 9

BDL 3.38 0.6 6

ACC 1.31 0.4 3

HFCL 54.39 20.7 3

GUJGAS 2.52 1.0 3

Precious Metal Closing Chg (Rs.)

Gold (Rs/10gm) 48304 (72)

Silver (Rs/1kg) 48399 (87)

Advances / Declines BSE NSE

Advances 1258 780

Declines 1513 1075

Unchanged 129 66

Total 2900 1921

Nifty Gainers

Company Price(Rs) Chg(%)

SHREECEM 23040.00 3.12

MARUTI 5830.00 2.66

ICICIBANK 352.00 2.59

NESTLEIND 17150.00 2.54

BRITANNIA 3604.00 2.41

Nifty Losers

Company Price(Rs) Chg(%)

BPCL 373.75 (2.50)

POWERGRID 174.80 (1.94)

SUNPHARMA 472.90 (1.89)

GAIL 101.65 (1.88)

IOC 85.60 (1.72)

Indian Forex Closing Chg % Chg

USD/INR 75.527 (0.041) (0.05)

GBP/INR 92.689 (0.894) (0.95)

EUR/INR 84.666 (0.451) (0.53)

JPY/INR 70.150 (0.420) (0.60)

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Economic News

❖In a marked departure from the original plan, states took advantage ofcheap market rates and borrowed extra. Seven state governments in lineto borrow Rs 9,000 crore, ended up borrowing Rs 12,000 crore from themarkets. (BS)

❖Direct investment into the country rose by $19 billion while portfolioinvestment declined by $13.7 billion during 2019-20, according to thedata on the International Investment Position (IIP) released by theReserve Bank on Tuesday. (BS)

❖The main downside risk to India's growth forecast is the continuedspread of the Covid-19 pandemic as the health crisis has not yet beencontained, a top IMF official said on Tuesday, noting that the country'snear-term growth outlook continues to be clouded by the global anddomestic slowdown and uncertainties relating to the coronavirus. (BS)

❖The Centre’s fiscal deficit for the first two months of financial year2020-21 (FY21) came in at Rs 4.66 trillion, or 58.6 per cent of the fullyear target of Rs 7.96 trillion. (BS)

❖Output of the 8 core sectors of the economy shrank by 23.4 per cent inMay, as factories remained hamstrung by a lack of labour and cash in thewake of the nationwide coronavirus (Covid-19) lockdown. (BS)

❖The government's total liabilities increased 0.8 per cent to Rs 94.62trillion at March-end 2020 as compared to the preceding quarter, afinance ministry report said on Tuesday. (BS)

❖Fitch Ratings on Tuesday cut India's growth forecast for 2021-22 fiscalto 8 per cent from 9.5 per cent projected last month. It retained itsprojection of Indian economy contracting by 5 per cent in the currentfiscal. (BS)

❖Amid reports of the RBI mulling restructuring of loans, global ratingagency S&P on Tuesday said that a loan recast will only defer NPAsrecognition and not solve the problem. (BS)

❖The PM has announced an extension for the PM Garib Kalyan AnnaYojana till November, which was quite expected. The scheme wasoriginally announced in March for three months and would have lapsedin June. (BS)

❖India's marine fish production registered a marginal increase of 2.1 percent in 2019 compared to the previous year with the country recording3.56 million tonnes in total landings from across coasts during the year,the Central Marine Fisheries Research Institute said. (BS)

❖Goldman Sachs Group is telling clients in India to fortify their balancesheets to prepare for the uncertainty brought by the coronaviruspandemic. (BS)

Global Forex Closing Chg % Chg

EUR-USD 1.1228 (0.0011) (0.09)

GBP-USD 1.2384 0.0089 0.72

USD-JPY 107.93 0.3800 0.36

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

Domestic News

❖ Indian conglomerate Essar Group made a binding offer to Brazil'sPetroleo Brasileiro SA to buy the country's second largest oil refinery, twopeople with knowledge of the matter said on Tuesday.

❖ Jindal Steel & Power (Mauritius), or JSPML, a subsidiary of NaveenJindal-led Jindal Steel and Power (JSPL) said on Tuesday that it hasaccepted a binding offer from Templar Investments to divest its entirestake in its Oman asset, Jindal Shadeed Iron and Steel (JSIS Oman).

❖The National Company Law Tribunal (NCLT) on Tuesday reserved itsorder on the State Bank of India plea against Anil Ambani to recover overRs 1,200 crore under the personal guarantee clause of the bankruptcy law.

Bond Markets Closing Chg

10-yr bond 6.07 -3.10 bps

Interbank call 3.65 9.42 bps

42

4

16

9

1,7

67

-1,0

51

-75

3

-1,9

37

-2,0

00

-1,2

88

45

4

-1,5

25

-25

6

1,3

04

1,0

36

2,0

51

-2500

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

22

-Ju

n-2

0

23

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24

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0

25

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FII/FPI DII

Rs.Cr Institutional Activity (Last 5 trading Sessions)

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

0

20,000

40,000

60,000

80,0002

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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...)

❖State-run Oil and Natural Gas Corporation (ONGC) reported apre-tax loss of Rs 10,529 crore in the fourth quarter of financialyear 2019-20 (Q4FY20) because of a drop in crude oil prices, theimpact of the lockdown, and exchange losses.

❖Exide Life Insurance has registered a 88.7 per cent jump in netprofit at Rs 28.3 crore for fiscal year ended March 2020.

❖ In a first, India's biggest LNG importer Petronet on Tuesday saidit is close to signing a long-term LNG deal benchmarked to daily orspot prices, which generally are lower than standard rates of suchcontracts.

❖Days after issuing an order asking its zonal offices to terminatethe services of over 500 contractual hospitality supervisors, theIRCTC has now decided to keep the order in abeyance till furthernotice.

❖The Pharmaceuticals Export Promotion Council has said it isflooded with distress calls from its member companies over acutedisruption in manufacturing of products during the past few daysdue to non-clearance of imported raw materials at various ports.

❖Reliance Jio added a whopping 6.25 million users and VodafoneIdea lost 3.5 million users during the same month. Subscribers ofBharti Airtel and Bharat Sanchar Nigam Ltd (BSNL) rose by 922,946and 439,318, respectively.

❖Bharat Biotech’s Covid vaccine candidate Covaxin is set toundergo human clinical trials in July. It was developed at the firm’sGenome Valley plant in Hyderabad, in collaboration with the IndianCouncil of Medical Research (ICMR).

❖The finance ministry on Tuesday said banks have sanctionedover Rs 1 trillion loans under the Rs 3-trillion Emergency CreditLine Guarantee Scheme (ECLGS) for the MSME sector reeling undercoronavirus-induced economic slowdown.

❖HDFC Bank seeks to raise Rs 50,000 crore through the issuanceof additional tier-I (AT1) and tier-II bonds. Further, it plans toacquire home loans worth Rs 28,000 crore from promoter HDFC, inFY21.

❖After fund infusion of around Rs 1208 crore in two years, CSBBank Ltd is looking to enhance controls across key businessprocesses, strengthen the front office and internal audit to ensureimproved compliance coupled with a cultural transformation toattract talent to the bank.

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

r-1

9

Ma

y-1

9

Jun

-19

Jul-

19

Au

g-1

9

Se

p-1

9

Oct

-19

No

v-1

9

De

c-1

9

Jan

-20

Fe

b-2

0

CPI Inflation (%)

-15

-10

-5

0

5

10

15

Fe

b-1

9

Ma

r-1

9

Ap

r-1

9

Ma

y-1

9

Jun

-19

Jul-

19

Au

g-1

9

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

-Ap

r-1

0

27

-Ju

l-1

0

02

-No

v-1

0

17

-Ma

r-1

1

16

-Ju

n-1

1

16

-Se

p-1

1

17

-Ap

r-1

2

19

-Ma

r-1

3

20

-Se

p-1

3

28

-Ja

n-1

4

03

-Ma

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

b-1

0

24

-Ap

r-1

0

28

-Ja

n-1

2

10

-Ma

r-1

2

22

-Se

p-1

2

03

-No

v-1

2

09

-Fe

b-1

3

27

-Ma

r-2

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

-18

De

c-1

8

Fe

b-1

9

Ap

r-1

9

Jun

-19

Au

g-1

9

Oct

-19

De

c-1

9

Fe

b-2

0

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

30-Jun-20 AIIL KHAZANA TRADELINKS PVT LTD S 500,000 78.8

30-Jun-20 THINKINK ANURAG SONI S 245,680 33.2

30-Jun-20 ZEAL NNM SECURITIES PVT LTD B 120,000 66.4

30-Jun-20 DIGJAMLTD SANJAY LUNAWAT S 728,861 4.8

30-Jun-20 CHANDNI HETALKUMAR PRAVINBHAI DESAI B 100,000 33.0

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

30-Jun-20 Lagnam Spintex Limited BANSAL CHIRAG SELL 423000 8.2

30-Jun-20 Globe Textiles (I) Ltd. MANISHABEN SHAILESHBHAI SHAH SELL 82000 33.9

30-Jun-20 Digjam Limited SANJAY LUNAWAT SELL 571148 3.4

30-Jun-20 Priti International Ltd KAILASH BUY 16000 81.0

30-Jun-20 Alchemist Ltd HANSABEN HASMUKHBHAI AMIN BUY 75059 5.1

Scrip Code Scrip Name Ex-Date Purpose Record Date

532540 TCS - Interim Dividend 17-Jul-20

531426 TNPL - Final Dividend - Rs. - 6.0000 -

500674 SANOFI 29-Jun-20 Final Dividend - Rs. - 106.0000 -

500674 SANOFI 29-Jun-20 Special Dividend - Rs. - 243.0000 -

535755 ABFRL 30-Jun-20 Right Issue of Equity Shares 01-Jul-20

532129 HEXAWARE 30-Jun-20 Interim Dividend - Rs. - 3.0000 01-Jul-20

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 -

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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61008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 – 6611 1700, Extn. - 704 www.ashikagroup.com

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