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Trend Toady Report (16 Feb 2018)

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husains

Husains

MARKET WRAP

Benchmark indices closed off the day's high while the broader markets were under pressure on

correction in shares of banks and companies having debt concerns.

The 30-share BSE Sensex was up 141.52 points at 34,297.47 and the 50-share NSE Nifty gained

44.60 points at 10,545.50.

About two shares declined for every share rising on the BSE.Nifty Midcap as well as PSU Bank

indices were down 1 percent each.PNB fell over 11 percent after management gave clarification

over transaction fraud worth Rs 11,333 crore.

BROAD MARKET INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY 50

10500.90

10537.90

10618.10

10511.05

10545.50

0.42

NIFTY NEXT 50

30110.25

30184.45

30235.35

29778.40

29833.75

-0.92

NIFTY MIDCAP 50

5254.75

5268.95

5273.95

5165.75

5200.40

-1.03

NIFTY100 LIQ15

4436.60

4443.40

4499.80

4420.95

4441.15

-0.81

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

asian index

ASIAN INDEX

INDEX

OPEN

HIGH

LOW

CLOSE

%CHANGE

NIKKEI 225

21384.1

21579

21309

21465

1.45

HANG SENG

30958.7

31145

30817

31115

1.93

TAIWAN

10429.1

10474

10416

10421

0.47

SSE

3188.25

3203.5

3171.4

3199.5

0.45

INDIAN MAJOR SECTORAL INDICES

INDEX

P. Close

OPEN

HIGH

LOW

CURRENT %CHANGE

NIFTY BANK

25341.25

25360.90

25615.15

25295.15

25424.35

0.33

NIFTY FIN SERVICE

10498.10

10527.40

10637.60

10504.20

10560.40

0.59

NIFTY IT

12420.00

12497.50

12584.25

12439.05

12456.50

0.29

NIFTY PHARMA

9249.20

4054.10

4113.10

4035.45

9207.50

-0.45

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update

STOCK UPDATE

PNB fraud: Jewellery stocks lose shine; Gitanjali Gems hits lower

circuit, tanks 20%

Punjab National Bank yesterday detected some fraudulent transactions with financial implication

of USD 1.77 billion (about Rs 11,346 crore) and the matter has been referred to law enforcement

agencies for the recovery.

Major jewellers Gitanjali, Ginni and Nakshatra have also come under the scanner of various

investigating agencies following PNB’s declaration of Rs 11,400 crore fraud, committed allegedly

by Nirav Modi.

Punjab National Bank yesterday detected some fraudulent transactions with financial implication

of USD 1.77 billion (about Rs 11,346 crore) and the matter has been referred to law enforcement

agencies for the recovery.

PNB said in a statement that fraudulent transactions took place in one of its branches in Mumbai

for the benefit of a few select account holders with their apparent connivance.

Based on these transactions, done by his brother Nishal, wife Ami and Mehul Chinubhai Choksi,

other banks appear to have advanced money to these customers abroad.

Following the PNB fraud, jeweller stocks including the likes of PC Jeweller, Vaibhav Global,

Tribhovandas, Gitanjali Gems, Lypsa Gems, Kanani Industries and SRS among others will be in

focus today.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

stock update 1

STOCK UPDATE

Rajesh Exports bags Rs 873-cr order

The Bangalore-headquartered company has an extensive global manufacturing and marketing

network with distribution through exports, wholesale and directly to consumers by its own retail

brand. REL refines over 35 per cent of the world's gold.

Rajesh Exports (REL), the world's largest gold refiner, today said it has secured a new export

order worth Rs 873 crore. The company has received the deal from a UAE-based white label

importer and expects to complete the order by June 2018, it said in a BSE filing.

The Bangalore-headquartered company has an extensive global manufacturing and marketing

network with distribution through exports, wholesale and directly to consumers by its own retail

brand. REL refines over 35 per cent of the world's gold.

Its refineries are located in Uttarakhand and at Balerna in Switzerland. It has a capacity to refine

2,400 tonne of gold per annum.

Contact No. +91-903-977-7700

www.moneyclassicresearch.com