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Trend Today Report (12 Feb 2018)

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husains

Husains

MARKET WRAP

Benchmark indices reversed previous day's gains as the Sensex fell 407.40 points or 1.18

percent to 34,005.76 and the Nifty declined 121.90 points or 1.15 percent to 10,455.

About 1,424 shares advanced against 1,336 declining shares on the BSE. Nifty Midcap index

outperformed equity benchmarks, rising 0.3 percent. All sectoral indices are trading in the red,

with the Bank, Auto, FMCG, IT and Pharma indices falling 1-2 percent.

US oil prices fell for a sixth day on Friday after Iran announced plans to boost production and US

crude output hit record highs, adding to concerns about a sharp rise in global supplies.

BROAD MARKET INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY 50

10576.9

10417

10480

10398

10454.95

-1.15

NIFTY NEXT 50

29827.4

29285

29796

29280

29728.95

-0.33

NIFTY MIDCAP 50

5171.95

5065.8

5193.9

5061.2

5172.05

0

NIFTY100 LIQ15

4498

4420.1

4474

4400.8

4455.3

-0.95

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

asian index

ASIAN INDEX

INDEX

OPEN

HIGH

LOW

CLOSE

%CHANGE

NIKKEI 225

21507.7

21510.3

21119

21382.6

-2.38

HANG SENG

29679.2

29679.21

29129

29507.4

-3.2

TAIWAN

10371

10392.31

10189

10371.8

-1.51

SSE

3172.85

3180.11

3062.7

3130.93

-4.19

INDIAN MAJOR SECTORAL INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY BANK

25920.7

25466

25598

25371

25463.65

-1.76

NIFTY FIN SERVICE

10656.9

10469

10513

10433

10467.05

-1.78

NIFTY IT

12588.4

12450

12556

12350

12492.7

-0.76

NIFTY PHARMA

9262.45

9052.8

9245.9

9044.3

9222.55

-0.43

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update

STOCK UPDATE

Indiabulls Real up 5% as board to consider restructuring of

residential, commercial biz

Indiabulls Real Estate share price gained more than 5 percent on Friday ahead of board meeting

to consider demerger of residential and commercial businesses.

The company on Thursday informed exchanges that a meeting of the board of directors is

scheduled on Wednesday, February 14, 2018, to consider the various options and

recommendations of the committee constituted for reorganization/ restructuring of the existing

residential and commercial office leasing businesses, and to take appropriate decisions.

In April 2017, the company's board had considered the possibility of streamlining its existing

residential, commercial and leasing businesses by segregating commercial & leasing business

carried on by itself and/or through its special purpose vehicles and vesting the same into

Indiabulls Commercial Assets Ltd (ICAL).

It had also considered the possibility of restructuring/reorganizing its businesses by either (i)

restructuring by way of placing ICAL as a separate holding company under the company to hold

its assets and investments relating to commercial & leasing business segment and to undertake

the business & operations of commercial & leasing business segment and/or explore

opportunities to bring in strategic investments.

(ii) by reorganizing its existing businesses by way of a demerger of the undertakings, business,

activities & operations pertaining to its commercial & leasing business segments.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update 1

STOCK UPDATE

M&M sells 22% stake in JV Mahindra Sanyo for Rs 146.32 cr

Mahindra & Mahindra today said it will sell 22 per cent of its stake in joint venture firm

Mahindra Sanyo to Sanyo Special Steel Co Ltd for Rs 146.32 crore.

"The company has today agreed to sell 26,36,401 equity shares of Rs 10 each held by the

company in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL), aggregating 22 per cent of the paid-

up equity share capital of MSSSPL, to Sanyo Special Steel Co., Ltd. for a

Consideration of Rs 146.32 crore," Mahindra & Mahindra (M&M) said in a BSE filing.MSSSPL is a

joint venture (JV) between M&M (51 per cent) India, Sanyo Special Steel Co Ltd (29 per cent)

Japan and Mitsui & Co Ltd (20 per cent) Japan.

"Following the sale, company's shareholding in MSSSPL would come down to 29 per cent from

51 per cent of its share capital, and MSSSPL will cease to be a subsidiary of the company,"

Mahindra & Mahindra added.

The transaction is expected to be completed by March 31 depending upon receipt of requisite

approvals. Turnover of MSSSPL for the year ended March, 2017 was Rs 918 crore.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com