16TH FEB 2018

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
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

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 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
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