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Trend Today

Trend Today Report (12 Feb 2018)

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Trend Today

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  1. 12TH FEB 2018

  2. Husains MARKET WRAP Benchmark indices reversed previous day's gains as the Sensex fell 407.40 points or 1.18 percent to 34,005.76 and the Nifty declined 121.90 points or 1.15 percent to 10,455. About 1,424 shares advanced against 1,336 declining shares on the BSE. Nifty Midcap index outperformed equity benchmarks, rising 0.3 percent. All sectoral indices are trading in the red, with the Bank, Auto, FMCG, IT and Pharma indices falling 1-2 percent. US oil prices fell for a sixth day on Friday after Iran announced plans to boost production and US crude output hit record highs, adding to concerns about a sharp rise in global supplies. BROAD MARKET INDICES INDEX P. Close OPEN HIGH LOW CURRENT %CHANGE NIFTY 50 10576.9 10417 10480 10398 10454.95 -1.15 NIFTY NEXT 50 29827.4 29285 29796 29280 29728.95 -0.33 NIFTY MIDCAP 50 5171.95 5065.8 5193.9 5061.2 5172.05 0 NIFTY100 LIQ15 4498 4420.1 4474 4400.8 4455.3 -0.95 Contact No. +91-903-977-7700 www.moneyclassicresearch.com

  3. ASIAN INDEX INDEX OPEN HIGH LOW CLOSE %CHANGE NIKKEI 225 21507.7 21510.3 21119 21382.6 -2.38 HANG SENG 29679.2 29679.21 29129 29507.4 -3.2 TAIWAN 10371 10392.31 10189 10371.8 -1.51 SSE 3172.85 3180.11 3062.7 3130.93 -4.19 INDIAN MAJOR SECTORAL INDICES INDEX P. Close OPEN HIGH LOW CURRENT %CHANGE NIFTY BANK 25920.7 25466 25598 25371 25463.65 -1.76 NIFTY FIN SERVICE 10656.9 10469 10513 10433 10467.05 -1.78 NIFTY IT 12588.4 12450 12556 12350 12492.7 -0.76 NIFTY PHARMA 9262.45 9052.8 9245.9 9044.3 9222.55 -0.43 Contact No. +91-903-977-7700 www.moneyclassicresearch.com

  4. STOCK UPDATE Indiabulls Real up 5% as board to consider restructuring of residential, commercial biz Indiabulls Real Estate share price gained more than 5 percent on Friday ahead of board meeting to consider demerger of residential and commercial businesses. The company on Thursday informed exchanges that a meeting of the board of directors is scheduled on Wednesday, February 14, 2018, to consider the various options and recommendations of the committee constituted for reorganization/ restructuring of the existing residential and commercial office leasing businesses, and to take appropriate decisions. In April 2017, the company's board had considered the possibility of streamlining its existing residential, commercial and leasing businesses by segregating commercial & leasing business carried on by itself and/or through its special purpose vehicles and vesting the same into Indiabulls Commercial Assets Ltd (ICAL). It had also considered the possibility of restructuring/reorganizing its businesses by either (i) restructuring by way of placing ICAL as a separate holding company under the company to hold its assets and investments relating to commercial & leasing business segment and to undertake the business & operations of commercial & leasing business segment and/or explore opportunities to bring in strategic investments. (ii) by reorganizing its existing businesses by way of a demerger of the undertakings, business, activities & operations pertaining to its commercial & leasing business segments. Contact No. +91-903-977-7700 www.moneyclassicresearch.com

  5. STOCK UPDATE M&M sells 22% stake in JV Mahindra Sanyo for Rs 146.32 cr Mahindra & Mahindra today said it will sell 22 per cent of its stake in joint venture firm Mahindra Sanyo to Sanyo Special Steel Co Ltd for Rs 146.32 crore. "The company has today agreed to sell 26,36,401 equity shares of Rs 10 each held by the company in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL), aggregating 22 per cent of the paid- up equity share capital of MSSSPL, to Sanyo Special Steel Co., Ltd. for a Consideration of Rs 146.32 crore," Mahindra & Mahindra (M&M) said in a BSE filing.MSSSPL is a joint venture (JV) between M&M (51 per cent) India, Sanyo Special Steel Co Ltd (29 per cent) Japan and Mitsui & Co Ltd (20 per cent) Japan. "Following the sale, company's shareholding in MSSSPL would come down to 29 per cent from 51 per cent of its share capital, and MSSSPL will cease to be a subsidiary of the company," Mahindra & Mahindra added. The transaction is expected to be completed by March 31 depending upon receipt of requisite approvals. Turnover of MSSSPL for the year ended March, 2017 was Rs 918 crore. Contact No. +91-903-977-7700 www.moneyclassicresearch.com

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