4th September 2020

BSE SENSEX 38,357.18 (-2.81%) NIFTY 50 11,333.85 (-2.69%)

Sensex(31st August – 4th September) open price/ close price - 39888.15/38357.18

Weekly high/low – 40010.17/38249.77

Nifty fifty (31st August – 4th September) ) open price/ close price - 11777.55/11333.85
Weekly high/low – 11794.25/11303.65

INDIAN MARKET OVERVIEW

The BSE SENSEX closed with a fall of 2.81% and similarly the NSE NIFTY with a fall of 2.69%.
the biggest news that contributes to the fall is India’s GDP for the April-June quarter (Q1)
slipped by a sharp 23.9% . The June quarter GDP data is the worst contraction in the history
of Indian economy. The other factors that contribute are the Nifty bank was down 2.2% and
the nifty financial services index fell 1.88% after the supreme court suggested a 2 year
moratorium period on loans due to COVID-19.

INDUSTRIES IN FOCUS
TELECOM
Supreme Court gave telecom operators 10 years to clear AGR dues. The operators will have
to make an upfront payment of 10% followed by paying the balance amount in 10 equal
annual instalments at the interest rate of 8%.
Vodafone idea to raise up to 25000 crore, will take up the proposal at its AGM.
Overall there was a upward weekly trend in BHARTI INFRATEL(+8.2%) and VODAFONE
IDEA(+18.13%) shares.

AUTOMOTIVE
Government looking into GST rate cur for automobile sector.
Tata motors and hero moto corporation reported 13% and 7.55% increase in their total sales
respectively.
Maruti Suzuki showed a positive weekly trend of 5.17%.

COMPANY IN FOCUS

FUTURE RETAIL

The company and group has been in the news as Reliance Industries Ltd. (RIL) announced
the acquisition of retail and wholesale business as well as the logistics and warehousing
business of the Future group, in a deal worth rupees 24713 crore through its subsidiary
Reliance Retail Ventures Ltd. For this purpose, future group has announced the merger of
Future Retail and Future Enterprise.
Just after the deal was announced, The stock open price on 31st august was 162.35 rupees
that was around a hike of 20% as compared to the previous close price(135.30). and after
that it showed a downward trend and the week close price on4th September was 112.50
rupees. This shows how volatile the Indian stock market is, the stock market gives instant
reactions to the market news and happenings.
SEBI (Rules Update)
1. Buying and Selling of shares will require Upfront margin.
2. Shares brought today cannot be sold tomorrow. BTST(Buy today sell tomorrow)
closed. You can sell shares only after the delivery. (i.e. T+2 days)
3. If the shares are sold from your portfolio, you cannot use the money the very same
day for buying other shares. It can be used for trades the next day.

NSE ON 4TH SEPTEMBER

Maruti Zee Tata Axis Adani NTPC ITC

Suzuki Entertain Steel Bank Ports

7,910.1 220.40 421.30 455.20 353.00 94.70 186.70

0 +0.07% -3.83% -4.16% -3.55% -3.07% -2.56%
+1.66%

Wipro Sun Larsen ONGC Grasim Bajaj Reliance

Pharma Finserv

276.00 512.45 942.50 77.90 706.50 6,277.20 2,077.25.

-2.42% -2.10% -1.94% -1.45% -2.52% -1.23% -1.65%

Vodafone Idea followed by Tata Motors, Yes Bank, Bharti Infratel were the most active
shares in terms of volume on the closing day of the week.