Equity Premium Daily Journal

Strictly for Client circulation

Sebi Reg. No.:- INH000003358

24 CARAT FINANCIAL SERVICES

Monday, 11th September 2017

+91-98261-69053
contactus@24cfin.com
research@24cfin.com
604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA
 Monday, 11th September 2017
Market Wrap

Live Stock Market Updates: Markets extend gains in closing hour

Nifty has extended its gains in the afternoon hours.
The index has touched its intraday high of 10,027
and is hovering around it. Bank Nifty is trading at
24,713 level, up by 342 points or 1.4%.

IndusInd Bank continues to remain top gainer in the index trading at Rs 1,800 per
share, up by Rs 104.1 per share or 6.14%.

There were 986 advances, 662 declines and 330 unchanged stocks on NSE reecting
positive sentiments oating in the market.

At 3 PM, the S&P BSE Sensex is trading at 31,929 up 242 points, while Nifty is trading
at 10,023 up 88 points. A total of 92 stocks registered a fresh 52-week high in trade
today, while 24 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.89% at 15,894, while BSE Small-cap Index is
trading up 0.87% at 16,467.

Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while Information
Technology and Telecom is showing weakness on BSE.

IndusInd Bank, LT, GAIL, Tata Power and Tech Mahindra are among the gainers,
whereas M&M, Indiabulls Housing Finance, Infosys, ICICI Bank and Bharti Infratel
are losing sheen on NSE.

+91-98261-69053
www.24cfin.com
Market Snap Monday, 11th September 2017

SENSEX 31882.16 194.64 (0.61%)

NIFTY 50 10006.05 71.25 (0.72%)

Dollar / Rupee 63.88 0.10 0.16%

Euro / Rupee 76.72 -0.07 -0.08%

Pound / Rupee 84.35 0.16 0.19%

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Sector Watch

Nifty MNC Nifty FMCG

11-Sep-2017 | 15:54 11-Sep-2017 | 15:54
13,556.95 25,550.4
128.95(0.96%) 141.60(0.56%)

Nifty Pharma Nifty Infra

11-Sep-2017 | 15:54 11-Sep-2017 | 15:54
5,504.45 3,367.85
-35.85(-0.41%) 60.65(1.83%)

Nifty Energy Nifty Bank

11-Sep-2017 | 15:54 11-Sep-2017 | 15:54
13,238.95 24,672.25
86.25(0.66%) 301.45(1.24%)

+91-98261-69053
www.24cfin.com
 Index View Monday, 11th September 2017

Ni y

Nifty index is looking bullish on long-term charts.

Nifty index has given a fresh breakout up side of ascending triangle pattern.
Today Nifty ended above the important mark of 10,000 for the rst time after August 7, 2017. Nifty closed at
10,006 level, up by 71 points and overall gain of 0.72%.
Nifty has crossed its important resistance mark of 9980 and trading above this levels and
good fresh buying was observed in market today.
It is trading above its 21 days and 50 days simple moving averages on daily chart.
In next trading session further up side movement can be observed in it and it can test up side levels of 10050 &
10080 if it crosses its next resistance level of 10030 while down side 9980 will act as a good support level.

R2 R1 Pivot S1 S2

10061 10033 10001 9973 9941

+91-98261-69053
www.24cfin.com
 Index View Monday, 11th September 2017

Ni y Bank

Nifty Bank index is looking bullish on long-term charts.

In today's trading session Bank nifty opened on a gap up node and traded with positive sentiments and
give closing @ 24672 with overall gain of 1.24%.
Today Bank Nifty has crossed its important resistance mark of 24500.
A fresh triangle breakout was observed in bank nifty today.
It is trading above its 21 days and 50 days simple moving averages on daily chart.
In next trading session further up side movement can be observed in it and it can test up side levels of
24850 & 24950 if it crosses its next resistance level of 24735 while down side 24500 will act as a good
upport level.

R2 R1 Pivot S1 S2

24898 24785 24621 24508 24344

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Sectoral Indices

Gainers - NSE

Index Name Value CHG(Rs.) CHG(%) 52 Week High 52 Week Low

Nifty Infra 3,367.85 60.65 1.83 3,426.65 2,580.45

Nifty Pvt Bank 13,891.1 178.95 1.31 13,989.55 9,697.95

Nifty Pvt Bank 24,672.25 301.45 1.24 25,198.8 17,606.9

Nifty PSE 4,161.35 47.90 1.16 4,304.85 3,415.5

Nifty MNC 13,556.95 128.95 0.96 13,612.25 9,061.2

Losers - NSE

Index Name Value CHG(Rs.) CHG(%) 52 Week High 52 Week Low

Nifty Pharma 8,804.45 -35.85 -0.41 12,042.7 8,314.5

Nifty PSU Bank 3,218.9 -1.20 -0.04 3,921.45 2,847

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Gainers/Losers

GAINERS - NSE

Company Name LTP(Rs.) CHG(Rs.) CHG(%) Volume

IndusInd Bank Ltd 1,791.25 95.35 5.62 3,433,596

Tata Power Company Ltd 80.6 3.60 4.68 7,804,066

Larsen & Toubro Ltd 1,217.85 45.45 3.88 4,364,705

GAIL (India) Ltd 394.8 14.70 3.87 9,153,335

Yes Bank Ltd 1,842.05 53.05 2.97 3,341,236

Losers - NSE

Company Name LTP(Rs.) CHG(Rs.) CHG(%) Volume

Mahindra & Mahindra Ltd 1,280.2 -15.20 -1.17 1,969,487

Indiabulls Housing Finance Ltd 1,297.9 -13.30 -1.01 1,098,102

Sun Pharmaceuticals Industries Ltd 467.45 -3.90 -0.83 3,557,040

Tata Consultancy Services Ltd 2,454.45 -16.15 -0.65 510,567

Infosys Ltd 878.7 -5.60 -0.63 4,302,271

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Global Indices

American Market
Index Country Value Chg % Last Updated(IST)
MerVal Argentina 24,018.13 -0.96 08-Sep-2017 | 04:30
Bovespa Brazil 73,078.85 -0.45 08-Sep-2017 | 04:30
IPC Mexico 50,083.80 -0.33 08-Sep-2017 | 04:30
DJIA United States 21,797.79 0.06 08-Sep-2017 | 04:30
Nasdaq United States 6,360.19 -0.59 08-Sep-2017 | 04:30

European Market
Index Country Value Chg % Last Updated(IST)
ATX Austria 3,230.33 -0.21 08-Sep-2017 | 22:30
BEL-20 Belgium 3,938.24 0.42 08-Sep-2017 | 22:30
CAC 40 France 5,113.49 -0.02 08-Sep-2017 | 22:30
DAX Germany 12,303.98 0.06 08-Sep-2017 | 22:30
AEX General Netherlands 518.82 0.00 08-Sep-2017 | 22:30

Asian Market
Index Country Value Chg % Last Updated(IST)
Shanghai Composite China 3,376.42 0.33 11-Sep-2017 | 13:30
TA-100 East Israel 1,258.69 -0.14 10-Sep-2017 | 22:30
Hang Seng Hong Kong 27,955.13 1.04 11-Sep-2017 | 14:10
Jakarta Composite Indonesia 5,871.88 0.25 11-Sep-2017 | 15:51
Nikkei 225 Japan 19,545.77 1.41 11-Sep-2017 | 12:30

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Fund Flow

FII And DII Activity

Date Buy Value Sell Value Net Value

01-Sep-2017 3,193.04 3,938.49 -745.45
04-Sep-2017 2,236.20 3,082.73 -846.53
05-Sep-2017 2,848.20 3,074.56 -226.36
06-Sep-2017 3,059.67 4,347.81 -1,288.14
07-Sep-2017 5,234.93 5,537.58 -302.65
16-Aug-2017 8,959.08 10,886.50 -1,927.42
18-Aug-2017 5,035.17 6,884.58 -1,849.41
21-Aug-2017 4,312.11 6,101.47 -1,789.36
22-Aug-2017 3,474.55 4,202.18 -727.63
23-Aug-2017 4,099.92 5,015.04 -915.12

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Buzzing Stocks

Closing Bell: Gainers: IndusInd Bank (+5.5%)

Tata Power (+5%), GAIL (+4%). Losers: Indiabulls HF
M&M, TCS (-1%).

Nifty Bank Index climbs to 1-month high; rises over 300 pts.
IndusInd (+6%), Yes Bank (+4%), HDFC Bank
Federal Bank (+2%).

IndusInd Bank stock hits fresh record high as the bank enters into an agreement
with Bharat Financial to evaluate strategic share swap deal.

Nifty Pharma Index trades in red. Cadila (-4%), Glenmark (-1.5%), GlaxoSmithKline
Pharma, Sun Pharma (-1%).

Rain Industries at record high as petcoke prices surge. Stock surges 7%.

JP Group stocks tank after SC allows Jaypee Infratech IRP to take over the
management, asks parent company of Jaypee Infratech to deposit Rs 2000
Cr. JP Associates (-7%), Jaypee Infratech (-4%).

Page Industries stock rises 1% on expansion plan.

Ashoka Buildcon gets 1 year extension for Ahmednagar-Ghodegaon project.

Stock jumps 5.5%.

BHEL stock soars over 2% on xing ex-date for bonus issue.

Kamat Hotels stock hits new 52-week high after Q1 FY18 numbers. PAT at Rs 13 Cr
vs loss of Rs 1.4 Cr.

Nitin Fire Protection Inds stock hits 5% upper circuit, with the stock extending a sharp
rally. The stock has rallied 40.16% in 7-trading sessions.

Oil & Gas Index gain 1.5% after LNG pricing formula renegotiation from Australia's
Gorgon project. GAIL (+5%), Petronet (+4%), HPCL, IGL (+2%), IOC, RIL (+1%).

Jain Irrigation stock gains 4% as cess on irrigation equipment cut to 12%.

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Market News

Andhra Bank and Syndicate Bank revise MCLR rates

Public sector banks,Andhra Bank and Syndicate Bank
have revised their Marginal Cost of Funds Lending rates.
The tenor wise MCLR rates for Andhra Bank are: overnight
MCLR at 8.10%, 1-month MCLR at 8.15% 3-month MCLR
at 8.20%, 6-month MCLR at 8.30% and 1-year MCLR at 8.40%
The tenor wise MCLR rates for Syndicate Bank are: overnight MCLR at 8.00%,
1-month MCLR at 8.05%, 3-month MCLR at 8.10%, 6-month MCLR at 8.25% and
1-year MCLR at 8.50%Meanwhile, Andhra Bank gained 0.98% at Rs 51.30 per share,
attracting a total traded quantity of 0.56 lakh and Syndicate Bank gained 0.24%
at Rs 63.30 per share on BSE. On yearly basis, Syndicate Bank has lost 20.55% and
has underperformed BSE Midcap index and BSE Bankex index and Andhra Bank has
lost 17.79% and has underperformed BSE Small cap index and BSE Bankex index.

JP Group stocks tank after SC orders Jaiprakash Assoc to deposit Rs 2,000 crore
JP Group stocks tanked during Mondays trading session after
Supreme Court asked parent company of Jaypee Infratech to
deposit Rs 2,000 crore. The court also asked the Interim
Resolution Professional, a body set up by the National formed
by the National Company Law Tribunal (NCLT), to take over the
management of Jaypee Infratech.
Meanwhile, the Court also restrained the Managing Director and
Chief Executive of Jaypee Infratech and Jaypee Associates from
leaving the country and ordered JP Associates to seek consent before sale of any
property. The share of Jaiprakash Associates was trading down by 6.42% at Rs 21 per
share on BSE at 1407 hours. It opened at Rs 23.50 per share. The stock also breached
its lower circuit at Rs 21.05 per share. The stock has attracted total traded volume of
8,10,50,318 shares and traded value of Rs 18,179.59 lakh on NSE at the same time.

While, the stock of Jaypee Infratech was trading lower by 4.76% at Rs 16 per share on
BSE at 1411 hours. It opened at Rs 17.10 per share. The stock breached its lower
circuit at Rs 16 per share. The stock has attracted a total traded volume of 42,13,258
shares and traded value of 687 lakh on NSE.

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Market News

Lupin receives nal approval for Vibra-Tabs tablets

Pharma company, Lupin has announced that it has received nal
approval for its Doxycycline Hyclate Tablet USP, 100mg from the
USFDA to market a generic version of Pzer Incs Vibra-Tabs,
100 mg. Lupins Doxycycline Hyclate Tablet USP, 100 mg is a
AB-rated generic equivalent of Pzer Incs Vibra Tabs, 100 mg.
It is indicated in the treatment of infections caused by various
microorganisms and as an adjunctive therapy in severe acne, the company said in a
ling to the bourses on Monday. Doxycycline Hyclate Tablet USP, 100 mg had US
sales of USD 149.9 million for June 2017, as per IMS data.
Meanwhile, the stock on bourses gained 0.92% at Rs 977.05 per share on BSE.
The stock on NSE attracted a total traded volume of 4,67,660 shares and a total
traded value of Rs 4560.34 lakh. The stock has a return on equity of 23.93% for the
last three years.
Lupin Limited is a pharmaceutical company. The company is engaged in producing,
developing and marketing a range of branded and generic formulations, biotechnology
products and active pharmaceutical ingredients (APIs) across the world. The company
offers products in the cardiovascular, diabetology, asthma, paediatrics etc.

Infosys completes acquisition of London-based Brilliant Basics

IT major, Infosysannounced that it has completed the acquisition of
the London-based Brilliant Basics. The acquisition is in accordance
with the terms set out in the agreement announced by the
company on August 3, 2017.
Brilliant Basics is a London-based product design and customer
experience (CX) innovator known for its world-class design thinking-led approach and
experience in executing global programs.
Through this acquisition, Infosys further expands its worldwide connected network of
Digital Studios that are focused on fullling the needs of global clients for end-to-end
Digital Transformation solutions required to meet customer demand for next-generation
enhanced customer experiences.The addition of Brilliant Basics extends Infosys digital
design services network to include Europe and the Middle East, and enhances the
companys expertise across nancial services, retail and telco sectors.
The stock was trading down by 0.66% at Rs 878 per share on BSE at 1229 hours. It
opened at Rs 890 per share. It touched its intraday high and low at Rs 892.20 per share
and Rs 874 per share, respectively.

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Analyst Speaks

Berger Paints India Ltd Furniture-Furnishing-Paints

BERGEPAINT Closed today with overall Gains of 3.96%, Stock Closed @266.60 Market Cap.: 24,891.24 Cr.
on NSE. Stock As seen Weekly Breakout at around 264- 265 Levels, As Sector
Looks posi ve due to increase in demand in Paints before Indian Fes val season Current Price:256.35
On the daily Charts We have seen Cross overs of 21 & 50 Day Exponen al Book Value: 19.57
Moving Average Berger Paints. Stock is Trading Above 100 Days Moving Stock P/E: 55.95
Averages, RSI and MADC on Daily charts Suggest Bullish ness in the Stock,
Hence We are Posi ve on the counter and Suggest buying in the Stock for the Dividend Yield: 0.68%
next trading session. Face Value: 1.00
Pros:
- Company has been maintaining a healthy dividend payout of 33.46% 52 Week High/Low:
276.80 / 177.95
Cons:
- Stock is trading at 13.10 times its book value
- The company has delivered a poor growth of 9.08% over past ve years.

BUY BERGER PAINTS @ 262- 268 TARGET 275/ 282 STOP LOSS 255 (QTY: 2200)

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Analyst Speaks

GAIL (India) Ltd U li es:Non-Elec.

Gail India Ltd today closed @ 394.55 up Rs.+14.45 with over all Gains of 3.80%, Stock Market Cap.: 64,286.43 Cr.
has seen Breakout. Gail India Managed to Closed above s Resistance of 390, which Current Price: 380.10
will Act as a strong support zone now. Gail India in Today's crossed 100 Days
exponen al Moving Average and closed above the crucial levels of 390. Stock may. Book Value: 231.63
Stock may Test levels of 414 on the Upside. If stock breaks 382 on the down side we Stock P/E: 18.74
may see selling resuming in the counter. Stock has formed bo om around 350- 360 Dividend Yield: 2.95%
levels and looks bullish on the Chart, Hence we Suggest buying in the counter for the
next trading session Face Value: 10.00

Pros: - Company has reduced debt.

52 Week High/Low:
- Company is virtually debt free. 433.70 / 268.32

- Company has been maintaining a healthy dividend payout of 38.24%

Cons: - The company has delivered a poor growth of 3.55% over past ve years.

- Company has a low return on equity of 9.20% for last 3 years.

BUY GAIL INDIA LTD @ 388- 394 TARGET 400/ 410 STOPLOSS 382 (QTY: 1500)

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Analyst Speaks

Our Previous Recommendation

Date Call Target/SL Prot / Loss

8-Sep SELL GLENMARK PHARMA @ 580- 590 LEVELS TARGET 1 PROFIT

TARGET 570/ 560 SL 600 (QTY: 700) @ 570 Rs. 10,500
2017 ACHIEVED

8-Sep SELL INFY @ 880- 900 LEVELS CLOSED

NIL
2017 TARGET 865/ 850 SL 915 (QTY: 500) @ 878

7-Sep BUY MUTHOOT FINANCE CASH @ 485- 487 CLOSED PROFIT

2017 TARGET 497/ 507 SL 475 (QTY: 1500) @ 489 RS. 4500/-

7-Sep BUY ARVIND CASH ABOVE 404.50 TG 1 @ ACHIEVED

2017 TARGET 408.50/ 412.50 SL 399.50 (QTY: 2000) 408.50 Rs.8000

+91-98261-69053
www.24cfin.com
 Monday, 11th September 2017
Disclaimer 24 CARAT FINANCIAL SERVICES

The information and views in this report, our website & all the service we provide are believed to be relia-ble,
but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose
the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein
is based on analysis and up on sources that we consider reliable. This material is for personal infor-mation
and based upon it & takes no responsibility.
The information given herein should be treated as only factor, while making investment decision. The re-port
does not provide individually tailor-made investment advice. 24 Carat Financial services recommends that
investors independently evaluate particular investments and strategies, and encourages investors to seek the
advice of a financial adviser. 24 Carat Financial Services shall not be responsible for any transac-tion
conducted based on the information given in this report, which is in violation of rules and regulations
of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The infor-mation
herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to
24 Carat financial Services might be holding positions in the stocks recommended. It is under-stood that
anyone who is browsing through the site has done so at his free will and does not read any views expressed
as a recommendation for which either the site or its owners or anyone can be held responsible for. Any
surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved.

Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any
loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above
24 Carat Financial Services does not purport to be an invitation or an offer to buy or sell any financial
instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share
our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or
indirectly by them. If found so then Serious Legal Actions can be taken.
Team :

Name Designation Email Contact No.

Mr. Prateek Gupta (Technical Research Analyst-head) research@24cn.com 98260 92922

Mr. Lakhan Patidar (Sr. Derivative & Technical Analyst) research@24cn.com 80857 77488

Mr. Shivraj Kaithwas (Equity Research Technical Analyst) 24cn.research@gmail.com 91794 77277

Mr. Dharmendra Saloniya (Commodity Research Analyst) 24cn.calls@gmail.com 96306 14323

Mr. Shubham Chinwar (Sr. Graphic Designer) 24cn.calls@gmail.com 73895 65918

+91-98261-69053
www.24cfin.com