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Trend Today Report (14 Feb 2018)

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husains

Husains

MARKET WRAP

Benchmark indices recouped some of previous day's losses as the Sensex gained 294.71 points

or 0.87 percent at 34,300.47 and the Nifty rose 84.80 points or 0.81 percent to 10,539.80.

About 2,006 shares advanced against 736 declining shares on the BSE.NALCO, Oil India, Bata

India, Sun TV Network, Marico and Amara Raja Batteries rallied 3-7 percent.

Among sectors, Banks, Auto, Metals and Pharma indices gain 1-2 percent. Index heavyweights

HDFC Bank, Reliance Industries, L&T and HDFC gained 1-2 percent.

BROAD MARKET INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY 50

10454.95

10518

10556

10485

10539.75

0.81

NIFTY NEXT 50

29728.95

29986

30222

29931

30171.85

1.49

NIFTY MIDCAP 50

5172.05

5216

5273

5208

5257.4

1.65

NIFTY100 LIQ15

4455.3

4488

4511

4462

4498.65

0.97

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

asian index

ASIAN INDEX

INDEX

OPEN

HIGH

LOW

CLOSE

%CHANGE

NIKKEI 225

21508

21510

21119

21383

-2.38

HANG SENG

29713

29802

29460

29460

-0.16

TAIWAN

10429

10474

10416

10421

0.47

SSE

3128.4

3168.1

3113.6

3153.6

0.75

INDIAN MAJOR SECTORAL INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY BANK

25463.65

25530

25758

25485

25701.6

0.93

NIFTY FIN SERVICE

10467.05

10494

10579

10462

10562

0.91

NIFTY IT

12492.7

12545

12592

12391

12422.65

-0.56

NIFTY PHARMA

9222.55

9298

9454

9271

9339.95

1.27

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update

STOCK UPDATE

Maruti Suzuki in talks to set up 750,000 capacity plant, may invest

in Gujarat

Maruti Suzuki, the country’s biggest car maker, is discussing with parent Suzuki Motor

Corporation for setting up new factories in India aimed at defending its iron grip over the

domestic car market.

The maker of Alto and Swift will have new capacities totaling 750,000 units per year for itself

taking its total future installed capacity to a staggering 3 million units per annum. The new

capacities could either come up in Gujarat, where its parent has started operations with its first

plant or it could come at a completely new site.

“Kenichi Ayukawa, Managing Director, Maruti Suzuki said, “Right now, the capacity of (the)

Gujarat plant is 250,000 units per annum. We have started construction of the second plant,

which will start operations in 2019. We are also requesting a third plant there and a decision on

starting operations will be taken this year. There is a capacity of 750,000 per year for the future

in Gujarat. And in the Haryana plant, we have a capacity of 1.5 million. Together, we would have

a capacity of 2.25 million. After that, we have to consider if we want to have another factory in

Gujarat and then should we look at some other site.”

“Our parent company invested in Gujarat. But we have to modify our factory every time and

every year we try to start (production) of a new model this includes full model change and minor

model change. Those kinds of investments we have to make. Also for technology developments

we used to 100 percent dependent on Japan but right now we do sharing for work," added

Ayukawa.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update 1

STOCK UPDATE

Indian Bank Q3 profit falls 19%, but NII grows 30%, asset quality

improves

Public sector lender Indian Bank's third quarter (October-December) profit fell by 18.8 percent

year-on-year to Rs 303.1 crore, dented by higher provisions & contingencies and lower other

income; but supported by higher revenue growth with improvement in asset quality.

The bank had reported profit at Rs 373.5 crore in corresponding quarter of last fiscal.Net interest

income, the difference between interest earned and interest expended, grew by 30.2 percent to

Rs 1,623 crore compared to year-ago.

Asset quality improved during the quarter as the gross non-performing assets were lower at 6.27

percent from 6.67 percent in previous quarter and net NPAs were also declined at 3.30 percent

from 3.41 percent QoQ.

In absolute terms, gross NPAs were down 0.3 percent sequentially to Rs 9,595 crore but net

NPAs increased 3 percent to Rs 4,898 crore in Q3.Provisions and contingencies were higher YoY

as well as QoQ, but provisions for non-performing assets declined 39 percent quarter-on-quarter

and 29.5 percent year-on-year to Rs 385.48 crore for quarter ended December 2017.

Other income or non-interest income slipped 8.5 percent to Rs 548.85 crore and operating profit

increased 18.4 percent to Rs 1,209.2 crore compared to year-ago.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com