Most Market Roundup February 22th, 2017

BLACK FOX

EQUITY Market Sensex 28864.71 (+0.36%) Nifty 8926.90 (+0.21%)

BLACK FOX FINANCIAL PVT LTD. Office No. 601, 6th Floor, 58 Sahyog Building, Nehru place New Delhi, 110019 Page 1

Dealer's Diary BSE Sensex closed higher by 103 points, or 0.36%, to 28,865, while the Nifty 50 rose 19 points, or 0.21%, to 8,927. BSE Sensex rose on Wednesday as Reliance Industries climbed to a near 8-year high after investors welcomed plans by its telecom unit to start charging customers for services. The index also tracked Asian equities that rose 0.6%, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. Investors were however expected to remain cautious ahead of the release of minutes from a policy meeting by the Reserve Bank of India earlier this month when it held interest rates steady, unexpectedly shifting its policy stance to neutral” from “accommodative. Axis Bank shares rise 2.3% to Rs516 after news report said that more private banks approached the government for possible merger with the bank after Kotak Mahindra Bank informally approached. Tata Motors shares rise 1.1% to Rs464.05. Tata Motors Ltd is in advance talks with Volkswagen Group for a partnership, a financial daily reported on Wednesday. IT stocks trading lower. Infosys Ltd shares fall 1.7%, Tata Consultancy Services Ltd shares fall 1%, Wipro Ltd shares fall 0.2%. Aviation stocks trading higher. Jet Airways India Ltd rose 3.3%, SpiceJet rose 5.2%, InterGlobe Aviation Ltd rose 0.6%. Reliance Industries Ltd shares rise 7% to Rs 1,127. After months of providing free services, and being accused of predatory pricing in the process, Mukesh Ambani’s Reliance Jio Infocomm Ltd has decided to begin charging its subscribers. ITD Cementation India Ltd shares fall 7.5% to Rs145.80 after the company posted 56.71% decline in its net profit to Rs13.01 crore in December quarter against Rs30.05 crore a year ago. Castrol India fell as the company warned of volatility in the first half of 2017, although it reported a 10.7% rise in Dec-quarter profit on Tuesday. Shares of Bharat Electronics lost ground and were trading over 3% lower to Rs 1,511. The company's offer for sale, which began today, got fully subscribed by afternoon on the first day of stake sale. European shares climbed to a new 14-month high on Wednesday, supported by well-received earnings updates from companies such as Lloyds, Telefonica Deutschland and Scor. Shares of Dr Reddy’s Laboratories were trading modestly higher in trade on Wednesday after the company said its API manufacturing plant at Miryalaguda has been issued a Form 483 by USFDA with three observations. Domestic institutional investors (DIIs) bought shares worth Rs 1,535 crore on Tuesday, taking total purchases this year to Rs 7,300 crore, while FPIs sold shares worth Rs 1,436 crore, the most in a day since December. The local currency opened at 66.95 a dollar. At 9.15am, the home currency was trading at 66.94, down 0.02% from its previous close of 66.93. India’s 10-year bond yield rose to 6.90% compared to its Friday’s close of 6.852%. Bond yields and prices move in opposite directions. Most of the Asian currencies were trading higher. South Korean won was up 0.45%, Japanese yen 0.23%, Taiwan dollar 0.16%, Singapore dollar 0.15%, Indonesian rupiah 0.11%, Philippines peso 0.09%, China renminbi 0.05% and Thai baht 0.05%.

Exchange Toady Pre. Day BSE (CASH) NA 3018

BSE(Derivative) 0.74 0.49

NSE (Cash) 26448 22317

NSE(Derivativ) 681634 514645

Exchange Today Pev. Day

BSE (Cash) 3480 3740

BSE(Derivative) 0.23 1.03

NSE (Cash) 24585 30617

NSE(Derivative) 272282 865138

Total 300348 899497

Group NIFTY IND BSE INDEX

Advance 19 11

Decline 32 19

Unchanged 0 00

Symbol LTP % Change RELIANCE 1207.65 10.97

AXIS BANK 524.45 3.93

ASIAN PAINTS 1020.05 2.92

COAL INDIA 328.00 2.63

HERO MOTO 3164.80 1.16

Symbol LTP % Change NTPC 166.60 -5.80

TCS 2409.55 -2.22

INFOSYS 991.85 -2.08

TATA STEEL 483.30 -1.49

ADANI PORTS 300.05 -1.32

Exchange No. of Contracts

Turn Over Index Futures 355278 25656.99

Stock Futures 1538707 106845.00 Index Options 6874219 498218.23

Stock Options 730715 50951.98 F&O Total 9498919 514644.71

CASH VOLUME (Rs In Cr.)

ADVANCED / DECLINE

TOP INDEX GAINERS

TOP INDEX LOSERS

DERIVATIVE VOLUME In Cr.

Stock future Price Rs. Vol Turn In Lacs Contract RELIANCE 1208.40 103461 607243

RELIANCE 1213.55 49003 289818 AXISBANK 522.20 31550 196974

HDFCBANK 1401.90 23527 165363

ACTIVE STOCK IN FUTURE

Most Market Roundup February 22th, 2017

BLACK FOX

EQUITY Market Sensex 28864.71 (+0.36%) Nifty 8926.90 (+0.21%)

BLACK FOX FINANCIAL PVT LTD. Office No. 601, 6th Floor, 58 Sahyog Building, Nehru place New Delhi, 110019 Page 2

News: Flipkart is also in talks with Tencent, eBay, PayPal and Google Capital

for investments at a valuation of $10-12 billion.

Shares of India’s largest private enterprise Reliance Industries Ltd (RIL) on Wednesday jumped as much as 9.10%, its biggest jump since May 2009, as investors anticipated revenue generation for its telecom venture Jio starting from 1 April.

Tata Motors and Volkswagen are looking at sharing modular platforms for India and emerging markets.

Tata Opportunities Fund, a private equity (PE) fund owned by the Tata group, is in talks to buy a significant minority stake in Hyderabad-based Dodla Dairy Ltd, two people with knowledge of the matter said, Dodla Dairy, which sells more than 900,000 litres of milk and six tonnes of milk products per day, posted a revenue of Rs1,182 crore in FY16.

Relatively smaller firms Dhanuka Agritech Ltd and Sharda Cropchem Ltd are holding out a better outlook for 2017-18. Dhanuka, for example, has guided for 15% revenue growth. Based on current market conditions, Sharda has maintained 15-20% growth guidance.

India’s airlines have ordered about 850 planes valued at about $85 billion in recent years. SpiceJet Ltd., a budget carrier, says that’s still not enough to meet demand.

SpiceJet—having ordered as many as 205 jets worth $22 billion—is being conservative with its purchases, says chairman Ajay Singh.

Gold slipped on Wednesday as the dollar firmed, with investors looking to minutes from the U.S. Federal Reserve's latest meeting for clues on the timing of interest rate hikes.

Dr Reddy’s Laboratories Ltd. has received three observations from the U.S. Food and Drug Administration (FDA) after the regulator completed the audit of its plant at Miryalaguda near Hyderabad.

The finance ministry has not received any communication with regard to reported merger of Kotak Mahindra Bank and Axis Bank, a senior government official said.

Asian stocks rose as markets from Hong Kong to Singapore followed a rally in the U.S. The dollar pared earlier declines against the yen while oil rose for a fourth day.

Five months after Reliance Communications Ltd. announced its merger with Aircel Ltd., the latest buzz on deal street is that Tata Teleservices Ltd. (TTSL) is looking to join hands with the merged entity.

The board of directors of IDBI Bank on Tuesday approved the sale of some of the bank’s non-core assets, according to a notification sent by the bank to the stock exchanges. The bank didn’t specify what assets it intends to sell and over what period of time.

The government’s plan to create an integrated oil company will likely involve Oil and Natural Gas Corp taking over either Hindustan Petroleum Corp (HPCL) or Bharat Petroleum Corp (BPCL) but won’t result in a mega merger leading to the creation of an industry giant.

Indices Closing Price Change(%)

Dow 30 20743.00

+0.58

Nasdaq 5865.95 +0.47

FTSE 100 7275.50 +0.01

DAX 11980.50 +0.10

S&P/TSX 15922.37 +0.53

CAC 40 4891.30 +0.06

Nikkei 225 19379.87 -0.01

Shanghai 3260.94 +0.23

Hang Seng 24201.96 +0.99

V/S INR Closing Price Change(%)

Dollar 66.97 +0.07

Euro 70.31 -0.34

Pound 83.31 -0.24

JPY 0.59 +0.00

Aus 51.47 +0.25

Indices Closing Price Change(%)

Crude OIL 53.98 -0.64

Gold 1238.35 -0.05

Silver 17.987 -0.18

Aluminium 1878.75 -0.24

Copper 2.712 -1.22

GLOBAL COMMODITY

GLOBAL INDICES

GLOBAL CURRENCIES

Indices Closing Price Change(%)

Crude OIL 3627.00 -1.12

Gold 29294.00 -0.02

Silver 42722.00 -0.27

Aluminium 125.25 -0.12

Copper 400.70 -1.12

Indices Closing Price Change(%)

Sensex 28864.71 +0.36

Nifty 50 8926.90 +0.21

Nifty Next 50 24462.90 -0.62

Nifty Mid 50 4143.35 -0.80

Indices Today Closing Previous Clo

FII NA -1435.76

DII NA +1535.44

Note - *Data as of today, 5 P.M

DOMESTIC COMMODITY

DOMESTIC INDICES

INSTITUTIONAL ACTIVITY

Most Market Roundup February 22th, 2017

BLACK FOX

EQUITY Market Sensex 28864.71 (+0.36%) Nifty 8926.90 (+0.21%)

BLACK FOX FINANCIAL PVT LTD. Office No. 601, 6th Floor, 58 Sahyog Building, Nehru place New Delhi, 110019 Page 5

Page

INDEX

CLOSE POINT CHANGE %CHANGE

NIFTY BANK 20868.45 +9.55 +0.10

NIFTY IT 10514.80 -165.95 -1.58

NIFTY REALTY 193.00 +0.20 +0.10

NIFTY INFRA 3010.15 -21.50 -0.71

NIFTY ENERGY 11418.55 +394.10 +3.45

NIFTY FMCG 22426.40 -24.15 -0.11

NIFTY MNC 10748.15 -60.75 -0.57

NIFTY PHARMA 10582.30 -62.30 -0.59

NIFTY PSE 4110.80 -22.60 -0.55

NIFTY PSU BANK NIFTY SERV SECTOR NIFTY MEDIA NIFTY METAL NIFTY AUTO

3313.85

11505.20

2991.70

3107.15

9768.45

+3.05

-88.65

-28.00

-19.85

+9.55

+0.09

-0.77

-0.94

-0.64

+0.10

STATEMENT OF INDEXS ON THE NATIONAL STOCK EXCHANGE

Most Market Roundup February 22th, 2017

BLACK FOX

EQUITY Market Sensex 28864.71 (+0.36%) Nifty 8926.90 (+0.21%)

BLACK FOX FINANCIAL PVT LTD. Office No. 601, 6th Floor, 58 Sahyog Building, Nehru place New Delhi, 110019 Page 6

BSE CLOSING BELL NSE CLOSING BELL

Most Market Roundup February 22th, 2017

BLACK FOX

EQUITY Market Sensex 28864.71 (+0.36%) Nifty 8926.90 (+0.21%)

BLACK FOX FINANCIAL PVT LTD. Office No. 601, 6th Floor, 58 Sahyog Building, Nehru place New Delhi, 110019 Page 7

PEPARPROD - Huhtamaki PPL Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 21, 2017 has Recommended payment of dividend @ Rs. 3/-(Rupees Three Only) per Equity share of face value of Rs. 2/-each ( @ 150%) for the financial year ended December 31, 2016 subject to the approval of the shareholders at the ensuing Annual General Meeting. IDBI - IDBI Bank Limited has informed the Exchange vide letter dated February 21, 2017 that "In continuation to IDBI Bank's disclosure dated February 16, 2017 regarding tentatively considering the agenda on Issue of Capital at the Board Meeting Scheduled on February 21, 2017, it is hereby advised that the said agenda could not be submitted for discussion at the Board Meeting held on February 21, 2017. The same may tentatively be submitted in a subsequent Board Meeting for which a separate disclosure will be made under Regulations 29 & 30 of the SEBI (LODR) Regulations, 2015". EIDPARRY - EID Parry India Limited has informed the Exchange that the Board of Directors of the Company at the Meeting held on February 21, 2017, have declared an Interim Dividend of Rs. 4/- (Rupees four) per equity share of Re.1/- each fully paid on the Equity Share Capital for the financial year ending March 31, 2017. SOLARINDS - Solar Industries India Limited has informed the Exchange that the Company has issued commercial paper for an aggregate amount of Rs 20 crores on February 22, 2017 in favour of HDFC Bank Limited having maturity date April 24, 2017. CASTROLIND - Castrol India Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 21, 2017 has declared a Special Dividend of Rs. 2/-per Equity share of Rs.5/-each for the year ended December 31, 2016. Further, the company has informed the Exchange that the Board of Directors of the Company at its meeting held on February 21, 2017 has recommended to pay a final Dividend of Rs. 4.50/-per Equity share of Rs. 5/-each for the year ended December 31, 2016. JPASSOCIAT - Jaiprakash Associates Limited has informed the Exchange that the Stakeholders Relationship Committee of Jaiprakash Power Ventures Limited (JPVL) , a subsidiary of the Company , in its meeting held on February 18, 2017, has allotted 305,80,00,000 Equity Shares of Rs.10/- each at a price of Rs .10/- per share to its Various lenders , upon approval of allocation of conversion of part of their outstanding debt amount into Equity Shares, pursuant to implementation of SDR. NOTICE AND CIRCULAR :

Listing of new securities of 3i Infotech Ltd.. Part Redemption and payment of interest on Non Convertible Debentures of JSW Steel Limited.

Redemption of Non Convertible Debentures of SREI Infrastructure Finance Ltd. Update regarding debt securities of Shree Renuka Sugars Ltd. Listing of new debt securities of L&T Infra Debt Fund Limited. Listing of Equity Shares of JITF Infralogistics Ltd. Rights issue of Equity Shares of Vishal Fabrics Ltd. Opening of Offer to Buy – Acquisition Window (Takeover) for Swiss Glascoat Equipments Limited. Merger of schemes of TATA Mutual Fund on BSE StAR MF Platform. Suspension of Trading in Non-Convertible Debentures of Future Lifestyle Fashions Ltd.

Corporate Action Calendar

Most Market Roundup February 22th, 2017

BLACK FOX

EQUITY Market Sensex 28864.71 (+0.36%) Nifty 8926.90 (+0.21%)

BLACK FOX FINANCIAL PVT LTD. Office No. 601, 6th Floor, 58 Sahyog Building, Nehru place New Delhi, 110019 Page 8

BLACK FOX accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Investors are advised to see Risk Disclosure document to understand the risk associated before investing in the securities market. Actual result may differ materially from those set forth in projection. Forward-looking statements are not prediction and may be subject to change without notice. BLACK FOX have managed or co-managed corporate finance, brokerage services or other advisory service in a merger or specific transaction. BLACK FOX encourages independence in research report preparation and strives to minimize conflict in preparation of research report. BLACK FOX or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report . Accordingly, neither BLACK FOX nor Research Analysts have any material conflict of interest at the time of publication of this report.

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DISCLAIMER

Disclosure of interest statement 1. Analyst ownership of the stocks mentioned above No

2.Served as an officer, director No