WISEM NEY - SMC Trade Online...From The Desk Of Editor (Saurabh Jain) SMC Global Securities Ltd....

MWISE NEYA Weekly Update from SMC

(For private circulation only)2019: Issue 686, Week: 3rd - 7th June

MAY THIS EID MARK A NEW BEGINNING OFGREAT PROSPERITY, SUCCESS ANDHAPPINESS FOR YOU.

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470

From The Desk Of Editor

(Saurabh Jain)

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lobal markets struggled in the week gone by, on the back of rising trade war

Gtensions between U.S. and China. There have been apprehensions in the

markets that the tension between the two could escalate further as China is

thinking of restricting supplies of rare earth minerals to U.S. Latest move by U.S.

President Trump to impose 5 percent duty on Mexican imports which may rise to as

high as 25 percent by October is giving an impression that U.S. could go to any mile to

use tariffs as weapon to sort different issues with various countries. China’s factory

activity shrank more than expected in May, heaping pressure on Beijing to roll out

more stimulus to support an economy. The official Purchasing Managers’ Index (PMI)

fell to 49.4 in May from 50.1 in April. Meanwhile, Oil fell to lowest in nearly three

months as US tariffs on Mexico stoke economy worries

Back at home, market witnessed a volatile movement ahead of expiry of the May

derivative series amid other global as well as domestic factors. Investors also

remained cautious ahead of release of GDP data. Putting end to all conjecture, the

President of India released the portfolio details of new Cabinet, a day after Narendra

Modi took oath as the country's 16th Prime Minister. Now the focus of the government

has been shifted back to the health of the economy and other fundamental factors.

Meanwhile, the RBI, which has cut policy rates by 50 basis points this year, is expected

to cut the repo rate by a further 25 basis points at its June 4-6 meeting. As per the RBI

statement, the Sovereign Gold Bonds (SGB) will be issued every month from June 2019

to September 2019. The recent released data suggest that consumer spending has

risen in March and inflation data was benign. Going forward, market will closely watch

the outcome of the RBI interest rate decision and NDA (2) government policies and

major announcement as expectation has risen considerably from the Modi

government.

On the commodity market front, CRB fell for continuous second week as commodities

took correction on ongoing trade war issue among some weaker than expected data’s.

Upside in dollar index, which traded above 98, was also a bearish trigger for

commodities. Bullion counter may witness some short covering in near term as data

pointed to easing inflationary pressure in the United States, boosting expectations of

a further interest rate cut by the Federal Reserve. Crude oil prices may continue to

extend its bearish momentum as global growth concerns due to growing trade

conflicts and record US crude output is keeping the prices under pressure. In base

metal counter, prices may remain on a weaker side on growing US China trade

concerns. Canadian Manufacturing PMI, ISM Manufacturing, ISM Employment, Powell

Gives Welcoming Remarks at Fed Framework Conference, ISM Non-

Manufacturing/Services Composite, Change in Non-farm Payrolls and Unemployment

Rate of US, RBA Cash Rate Target¸ Euro-Zone CPI, ECB rate Decision, ECB's Draghi

Speaks After Policy Decision, Unemployment Rate of Canada, etc are few important

data to be released this week, which may give significant direction to the

commodities.

Contents

Equity 4-7

Derivatives 8-9

Commodity 10-13

Currency 14

IPO 15

FD Monitor 16

Mutual Fund 17-18

SMC GLOBAL SECURITIES LTD.

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Ph.: +91-11- 43035012, 43035014, Email: [email protected]

NEWS

NOTES:1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name

of "Morning Mantra ".2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength

coming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.

TREND SHEET

4

Closing as on 31-05-2019

Stocks *Closing Trend Date Rate SUPPORT RESISTANCE Closing

Price Trend Trend S/l

Changed Changed

S&P BSE SENSEX 39714 UP 08.02.19 36546 36300 35300

NIFTY50 11923 UP 08.02.19 10944 10900 10600

NIFTY IT 16161 UP 21.07.17 10712 15200 14800

NIFTY BANK 31375 UP 30.11.18 26863 27700 27000

ACC 1686 UP 01.03.19 1482 1580 1560

BHARTIAIRTEL 349 UP 15.03.19 338 325 315

BPCL 409 UP 08.03.19 367 370 360

CIPLA 559 UP 01.03.19 552 530 520

SBIN 353 UP 02.11.18 286 325 315

HINDALCO 197 DOWN 17.05.19 192 210 215

ICICI BANK 423 UP 02.11.18 355 400 390

INFOSYS 738 UP 14.12.18 706 710 690

ITC 279 DOWN 31.05.19 279 295 300

L&T 1558 UP 08.03.19 1339 1430 1380

MARUTI 6870 DOWN 26.04.19 6843 7200 7400

NTPC 133 UP 08.03.19 127 124 120

ONGC 172 UP 08.03.19 150 160 155

RELIANCE 1330 UP 30.11.18 1168 1280 1250

TATASTEEL 488 DOWN 10.05.19 487 500 510

FORTHCOMING EVENTS

EQUITY

Meeting Date Company Purpose

3-Jun-19 Triveni Engg & Industries Buyback

4-Jun-19 Adani Ports and Special Dividend/Buyback Economic Zone

4-Jun-19 National Fertilizers Dividend

4-Jun-19 Fedders Electric and Engg Financial Results

7-Jun-19 DQ Entertainment (Intl) Financial Results

10-Jun-19 S H Kelkar and Company Buyback/Other business matters

14-Jun-19 Alok Industries Financial Result

15-Jun-19 Pricol Financial Results

28-Jun-19 Reliance Capital Financial Results

28-Jun-19 Reliance Home Finance Financial Results

Ex-Date Company Purpose

3-Jun-19 Yes Bank Dividend - Rs 2 Per Share

4-Jun-19 Tata Consultancy Services Dividend - Rs 18 Per Share

4-Jun-19 Tata Power Company Dividend - Rs 1.30 Per

4-Jun-19 Colgate Palmolive (India) Interim Dividend - Rs 8 Per Share

6-Jun-19 HPCL Dividend Rs - 9.40 Per Share

7-Jun-19 Navin Fluorine Intl. Dividend Rs - 4 Per Share

11-Jun-19 Excel Crop Care Interim Dividend - Rs 6.25 Per Share

12-Jun-19 The Indian Hotels Com. Dividend Rs 0.50 Per Share

13-Jun-19 Kansai Nerolac Paints Dividend - Rs 2.60 Per Share

13-Jun-19 Infosys Dividend- Rs 10.50 Per Share

13-Jun-19 Asian Paints Dividend Rs -7.65 Per Share

13-Jun-19 Torrent Pharmaceuticals Dividend Rs 4 Per Share

19-Jun-19 Rallis India Dividend - Rs 2.50 Per Share

19-Jun-19 Shriram Transport Fin. Dividend - Rs 7 Per Share

20-Jun-19 Nilkamal Dividend - Rs 9 Per Share

20-Jun-19 Hindustan Unilever Dividend - Rs 13 Per Share

20-Jun-19 HDFC Bank Dividend Rs 15 Per Sh

27-Jun-19 BSE Dividend - Rs 25 Per Share

DOMESTIC NEWS

Political

• Prime Minister Narendra Modi, along with 57 Ministers, took oath of

office at a grand swearing-in ceremony at Rashtrapati Bhawan.

Tyre

• Apollo Tyres will invest Rs 2,800 crore in capex in the current financial

year, which will primarily be used to commission the company’s

greenfield manufacturing facility in Andhra Pradesh. Currently, Apollo

Tyres has four manufacturing facilities in India — two (including a

leased facility) in Kerala, and one each in Gujarat and Tamil Nadu.

Pharmaceuticals

• Lupin said the US health regulator has cautioned that the firm's Goa

facility may be subject to regulatory or administrative action and it

may withhold approval of any pending applications or supplements in

which this facility is listed.

Power

• Tata Power arm Tata Power Renewable Energy Ltd (TPREL) will develop

a 100-MW solar power project in Raghanesda Solar Park of Gujarat.

• NTPC targets Rs 20,000 crore for capital expenditure and generate 310

Billion Units (BU) of electricity for the year 2019-20, as per the MoU

signed with the power ministry. It aims 10.4 million Metric Tonnes of

coal production to strengthen fuel supply to its power stations. These

targets have been set by NTPC as under excellent category.

Information Technology

• Tata Consultancy Services’ revenue from other Tata companies grew

more than 13% in FY19 to nearly Rs 2,600 crore, as the Mumbai-based

software services exporter doubles down on capturing more IT

spending by group entities.

• HCL Technologies plans to hawk a fan engagement platform it built for

English Premier League side Manchester United to other sports bodies

and large consumer brands, in a bid to grow the higher margin IP-led

services business.

• Tech Mahindra said it has partnered Cisco to deploy digital solutions of

the US-based company at its Hyderabad campus.

Cement

• Ramco Cements Ltd plans to invest around Rs 3,500 crore to boost its

capacity to 20 million tonnes by 2020. Currently, the company has a

capacity of 12 million tonnes across all its plants.

Oil & Gas

• Gail India plans to list its subsidiary Gail Gas and is aggressively

investing in city gas distribution to create volumes before it takes the

company to the market.

Miscellaneous

• Info Edge (India) Ltd, which owns online job portal Naukri, will acquire

Highorbit Careers - that operates job portals iimjobs.com and

hirist.com - for cash consideration of Rs 80.82 crore.

INTERNATIONAL NEWS

• US real gross domestic product surged up by 3.1 percent in the first

quarter, reflecting a slight downward from revision from the

previously reported 3.2 percent jump.

• US pending home sales index tumbled by 1.5 percent to 104.3 in April

after surging up by 3.9 percent to an upwardly revised 105.9 in March.

• US initial jobless claims edged up to 215,000, an increase of 3,000 from

the previous week's revised level of 212,000.

• US consumer confidence index surged up to 134.1 in May after jumping to

129.2 in April. Economists had expected the index to inch up to 129.8.

• US new home sales plunged by 6.9 percent to an annual rate of 673,000

in April after spiking by 8.1 percent to an upwardly revised rate of

723,000 in March.

• The total value of retail sales in Japan was roughly flat on month on a

seasonally adjusted basis in April. That missed expectations for an

increase of 0.6 percent and was down from the 0.2 percent gain in March.

BSE SENSEX TOP GAINERS & LOSERS (% Change) NSE NIFTY TOP GAINERS & LOSERS (% Change)

SECTORAL INDICES (% Change)

GLOBAL INDICES (% Change)

INDIAN INDICES (% Change)

FII/FPI & DII TRADING ACTIVITY (In Rs. Crores)

5

SMC Trend

FTSE 100CAC 40

NasdaqDow jonesS&P 500

NikkeiStrait times

Hang SengShanghai

Down SidewaysUp

EQUITY

SMC Trend

BSE Midcap BSE SmallcapSensexNifty Nifty Junior S&P CNX 500

SMC Trend

ITMetal

Oil & GasPower

Cap GoodsCons Durable

Auto BankRealty

FMCGHealthcare

FII / FPI Activity DII trading activity

290.37

2118.98

1060.14

-134.14

189.99

-163.82

87.20 95.80

-500.00

0.00

500.00

1000.00

1500.00

2000.00

2500.00

Friday Monday Tuesday Wednesday Thursday

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

8.00

10.00

12.00

Yes Bank GAIL (India) TCS NTPC Infosys Eicher Motors Bajaj Auto Hero Motocorp

JSW Steel Tata Motors

9.77

5.154.80 4.61

3.43

-4.60-4.32

-4.00 -3.96 -3.92

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

8.00

10.00

12.00

Yes Bank NTPC TCS Coal India Infosys Bajaj Auto Hero Motocorp

Tata Motors IndusInd Bank

Maru� Suzuki

9.38

4.76 4.67

3.39 3.36

-4.29-3.91 -3.90 -3.86

-3.35

0.86

1.01

0.78

1.80

0.28

0.96

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2.00

Ni�y Sensex BSE Midcap BSE Smallcap Ni�y Next 50 S&P CNX 500

-2.54

0.71

1.541.74

0.67

-0.52

3.13

0.77

1.58

3.79

1.65

-3.00

-2.00

-1.00

0.00

1.00

2.00

3.00

4.00

5.00

Auto Index Bankex Cap Goods Index

Cons Durable Index

FMCG Index Healthcare Index

IT Index Metal Index Oil & Gas Index Power Index Realty Index

-0.91

-1.63

-1.32

-0.83-0.85 -0.87

1.85

-0.82

-1.27

-2.00

-1.50

-1.00

-0.50

0.00

0.50

1.00

1.50

2.00

2.50

Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.

FTSE 100 CAC 40

Beat the street - Fundamental Analysis

Source: Company Website Reuters CapitalineAbove calls are recommended with a time horizon of 8 to 10 months.

6

EQUITY

Face Value (Rs.) 10.00

52 Week High/Low 1575.00/982.00

M.Cap (Rs. in Cr.) 17429.81

EPS (Rs.) 24.85

P/E Ratio (times) 53.15

P/B Ratio (times) 13.17

Dividend Yield (%) 0.38

Stock Exchange BSE

% OF SHARE HOLDING

VALUE PARAMETERS

ACTUAL ESTIMATE

FY Mar-18 FY Mar-19 FY Mar-20

Revenue 3018.40 3610.51 4115.19

Ebitda 440.09 599.76 722.90

Ebit 279.98 442.31 534.24

Net Income 196.23 319.79 391.43

EPS 14.87 24.23 29.64

BVPS 73.33 95.65 119.19

RoE 22.13% 23.87% 27.52%

JUBILANT FOODWORKS LIMITED CMP: 1320.75 Upside: 19%Target Price: 1575

` in cr

Investment Rationale

• On the development front, it is engaged in the construction of 3 projects aggregating to a total installed capacity of 3800 MW including 1000 MW (Pakal Dul HE Project) being executed through JV Company. In addition, 12 Projects with aggregate capacity of A7835 MW are under clearance stage which includes 7 Schemes of NHPC’s own and 5 in JV mode. Further, 2 projects with aggregate capacity of 780 MW are in S&I stage and 3 projects aggregating to 581 MW are in Pre-S&I stage.

• The capex for the current FY shall be around Rs 3,800 crore and this may see major upward revision based on the progress in Teesta-VI and Teesta-IV hydro projects. It has received the government's nod for Teesta-VI HE Project and as soon as NCLT approve the acquisition, construction phase of the project will start. The HRT (Head Race Tunnel) works of Parbati-II H E Project are also gaining momentum and positive expectations about restarting Subansiri Lower project, too.

• The renewed thrust on development of hydro power in the country, the management of the company has drawn up an ambitious plan to add about 6,000 MW of hydropower capacity by the end of year 2022.

• On regulatory front, earlier, hydro projects of up to 25 megawatt capacity were eligible for various incentives like financial assistance and cheaper credit. With the government amending the hydropower policy, hydro projects above 25 MW can also avail the benefits. Cabinet has also approved budgetary support for funding flood-moderation component of hydropower projects on a case-to-case basis. With this, the company is able to start 2,880-MW Dibang project in

Arunachal Pradesh at a faster pace.

Risk

• Delays in project commissioning

• Change in Government regulations or policies

Valuation

Good Fundamental base and consistent performance on quarterly basis as well as yearly make a strong buy. The management of the company expects double digit growth in FY20 and has increased more power generation capacity as compared to earlier years. The company is actively exploring opportunities for the development of pumped storage schemes in potential rich states like Maharashtra, Karnataka, Odisha etc. The Company has identified some projects in Maharashtra and Karnataka and is under discussion with respective state governments for DPR (Detailed Power Project) preparation and subsequent development of pumped storage projects. Thus, it is expected that the stock will see a price target of Rs.31 in 8 to 10 months time frame on a target 4 year average P/E of 11.57x and FY17 (E) earnings of Rs.2.71.

Face Value (Rs.) 10.00

52 Week High/Low 27.50/21.75

M.Cap (Rs. in Cr.) 24811.24

EPS (Rs.) 2.62

P/E Ratio (times) 9.43

P/B Ratio (times) 0.85

Dividend Yield (%) 0.00

Stock Exchange BSE

% OF SHARE HOLDING

VALUE PARAMETERS

ACTUAL ESTIMATE

FY Mar-18 FY Mar-19 FY Mar-20

Revenue 7751.24 8982.87 9560.21

Ebitda 4201.84 4999.91 5564.18

Ebit 2722.74 3341.95 3881.75

Net Income 2503.90 2595.61 2736.40

EPS 2.44 2.54 2.71

BVPS 29.26 30.66 31.12

RoE 8.48% 8.41% 7.70%

NHPC LIMITED CMP: 24.70 Upside: 27%Target Price: 31

` in cr

P/E Chart

Investment Rationale

• The company has announced PepsiCo India as its beverage partner to further enhance customer experience. It has tied up with Golden Harvest to launch Domino’s Pizza Restaurants in Bangladesh. The company is growing at a very strong pace owing to recent product upgrades, Every Day Value (EDV) extension to regular pizza and the continued momentum of online sales driven by the new Domino’s app. Introduced 10 new Cricket-themed Pizzas bringing together the best of flavors from the cricketing playing nations.

• The company added 30 new stores in Q4 FY19, taking the total store count to 1,227. Same store sales growth came in at an 6.0% on a base of 26.5% owing to new initiatives which was reflected in higher number of orders and increased frequency of ordering. Domino’s Online sales grew faster and now contribute 75% of the total Delivery sales.

• The management believes that there is a strong traction in the sales growth due to surge in the demand driven by aggregators and eCommerce players due to promotional efforts and increased visibility from food aggregators.

• The company posted operating revenues of Rs.865 Crores, a growth of 10.9% YoY in the quarter ended march 2019. EBITDA came in at Rs.147.6 crores at 17.1% of revenue, a growth of 15.5% YoY. Profit after Tax was at Rs.73.9 crores at 8.5% of revenue and a showing a growth of 8.6% YoY.Also, healthy sales growth in Sri Lanka and Bangladesh are fuelling the profitability. The management believes that despite significantly increased competitive intensity, Q4

FY19 was yet another strong quarter delivered by their continued focus on the basics and innovation.

Risk

• Competition from other food chains and unorganised players

• Inability to meet prescribed food health and safety standards

Valuation

Urbanisation, more women in the workforce and a youthful population are the growth drivers for Jubilant. The company is continuously launching new products and sides to gain traction on sales. Busy lifestyles and higher discretionary expenditure and experimental nature of Indian consumers with increased exposure to the culture of their western counterparts will bore well for the company. We expect the stock to see a price target of Rs. 1575 in 8-10 months time frame on an expected PE of 53x and FY20E EPS of 29.64.

P/E Chart

Foreign

InstitutionsNon Promoter Corp. Hold.

PromotersPublic & Others

5.02

11.59 4.62

73.33

5.45

Foreign

InstitutionsNon Promoter Corp. Hold.

PromotersPublic & Others

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39.13

9.99

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41.94

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48 74 100 126 Close Price

Charts by Spider Software India Ltd

EQUITY

Above calls are recommended with a time horizon of 1-2 months

Disclaimer : The analyst and its affiliates companies make no representation or warranty in relation to the accuracy, completeness or reliability of the information contained in its research. The analysis contained in the analyst research is based on numerous assumptions. Different assumptions could result in materially different results.The analyst not any of its affiliated companies not any of their, members, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of the analysis research.

SOURCE: CAPITAL LINE

The stock closed at Rs 330.30 on 31st May, 2019. It made a 52-week low of Rs 260

on 23rd October 2018 and a 52-week high of Rs. 349.90 on 29th Aug 2018. The 200

days Exponential Moving Average (DEMA) of the stock on the daily chart is

currently at Rs 306.95

As we can see on chart that the stock was consolidating in the range of 270-330

levels from past few months and formed a “Continuation Triangle” on weekly

charts, which is bullish in nature. Last week, the stock gained over 6% and has

ended on verge of breakout of pattern but its volume activity indicates that the

buying is aggressive for the stock. Therefore, one can buy in the range of 324-327

levels for the upside target of 355-360 levels with SL below 305 levels.

The stock closed at Rs 352.35 on 31st May, 2019. It made a 52-week low at Rs

216.50 on 23rd Oct 2018 and a 52-week high of Rs. 398.45 on 30th May 2018. The

200 days Exponential Moving Average (DEMA) of the stock on the daily chart is

currently at Rs 317.68

Short term and medium term bias are looking positive for the stock as it is

forming an “Inverted Head and Shoulder” pattern on weekly charts which is

considered to be bullish. Last week, the stock has given the breakout of same

and also gas managed to close above the same so follow up buying may continue

for coming days. Therefore, one can buy in the range of 345-348 levels for the

upside target of 390-400 levels with SL below 325.

Can Fin Homes Limited (CANFINHOME)

7

Berger Paints (I) Limited (BERGEPAINT)

DERIVATIVES

CHANGE IN NIFTY OPTION OI (IN QTY) (MONTHLY)

WEEKLY VIEW OF THE MARKET

NIFTY OPTION OI CONCENTRATION (IN QTY) (MONTHLY)

CHANGE IN BANKNIFTY OPTION OI (IN QTY) (MONTHLY)BANKNIFTY OPTION OI CONCENTRATION (IN QTY) (MONTHLY)

Nifty dragged down due to liquidation of long positions and profit booking. Recent data has turned slightly cautious and is indicating probability of further profit

booking. Call writing and put unwinding are seen in the recent trading session. Call writers were active in 12000, 12100 strike calls indicating limited upside. The

levels of 12000 will remain crucial for this week as indicated by option open interest concentration. If Nifty falls below the 11800 mark, it could correct to 11700

levels on the back of further profit booking. On bounce, the index will face strong resistance at 11950-12000 levels. The options open interest concentration is at

the 12000-strike calls with the highest open interest of above 35 lakh shares; among put options, the 11800-strike taking the total open interest to 24 lakh shares,

with the highest open interest among put options. The Implied Volatility (IV) of calls closed at 13.68% while that for put options closed at 13.00%. The Nifty VIX for

the week closed at 15.61% and is expected to remain volatile. The PCR OI for the week closed at 1.56 which indicates put writing. Next support is placed around

11800-11750 levels.

JSWSTEEL

BUY JUN 270 PUT 10.00SELL JUN 260 PUT 6.40

Lot size: 1500BEP: 266.40

Max. Profit: 9600.00 (6.40*1500)Max. Loss: 5400.00 (3.60*1500)

OPTIONSTRATEGY

FUTURE

HEROMOTOCO

BUY JUN 2650 PUT 66.00SELL JUN 2550 PUT 31.00



DERIVATIVE STRATEGIES

TATAGLOBAL

BUY JUN 250 CALL 6.80SELL JUN 260 CALL 3.75



8

Call Put

Call Put

In lakhs

Call Put

In 10,000

BULLISH STRATEGY

ICICIPRULI(JUN FUTURE)

Buy: Above `396

Target: `414

Stop loss: `386

MCDOWELL-N (JUN FUTURE)

Buy: Above `560

Target: `582

Stop loss: `548

BATAINDIA(JUN FUTURE)

Sell: Below `1310

Target: `1263

Stop loss: `1335

BEARISH STRATEGY

In 10,000

Call Put

In lakhs

6.37

9.79

4.29

0.64

4.49

0.69

7.15

3.85 5.

09

13.6

3 15.4

3

8.67

16.2

2

16.1

6

9.77

20.1

4

8.68

22.9

8

12.5

2

8.17

12.8

6

5.72

0.00

5.00

10.00

15.00

20.00

25.00

9500 10000 10500 10800 11000 11300 11500 11700 11900 12000 12500

0.50

6.84

2.66

0.56

1.91

0.25

0.04 0.24

3.36

-2.8

3

4.32

-0.2

3

1.05

0.87

0.71

1.50

0.74

-5.0

6

-0.6

4

6.55

2.30

5.05

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

8.00

9500 10000 10500 10800 11000 11300 11500 11700 11900 12000 12500

2.77 4.

64

1.05

41.8

3

1.46

4.18

1.61

0.32

6.83

9.88

21.0

1

2.60

5.69

2.53

28.5

5

8.62

14.4

7

16.1

6

0.24

21.9

8

11.6

8

1.94

0.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

40.00

45.00

27500 28000 28500 29000 29500 30000 30500 30800 31000 31500 32000

2.73 4.

47

0.95

39.6

5

1.08 2.

20

0.98

0.31

3.87

6.87

13.1

2

1.93

1.34

-0.3

9

21.7

6

7.17 9.

56

13.2

9

0.23

19.4

6

11.2

8

1.68

-5.00

0.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

40.00

45.00

27500 28000 28500 29000 29500 30000 30500 30800 31000 31500 32000

DERIVATIVES

FII’s ACTIVITY IN DERIVATIVE SEGMENT

SENTIMENT INDICATOR (NIFTY)

30-May 29-May 28-May 27-May 24-May

DISCOUNT/PREMIUM 30.80 34.75 61.05 43.80 62.55

COST OF CARRY% 0.63 0.63 0.65 0.62 0.61

PCR(OI) 1.56 1.67 1.69 1.78 1.90

PCR(VOL) 1.42 1.20 1.41 1.26 1.05

A/D RATIO(NIFTY 50) 1.43 0.34 0.76 1.22 7.33

A/D RATIO(ALL FO STOCK)* 1.71 0.31 0.77 2.17 7.36

IMPLIED VOLATILITY 13.68 14.33 14.00 14.10 14.12

VIX 15.61 16.41 15.92 16.19 16.19

HISTORICAL VOLATILITY 20.51 20.88 21.30 21.95 22.55

*All Future Stock

SENTIMENT INDICATOR (BANKNIFTY)

FII’S ACTIVITY IN INDEX FUTURE

**The highest call open interest acts as resistance and highest put open interest acts as support.# Price rise with rise in open interest suggests long buildup | Price fall with rise in open interest suggests short buildup # Price fall with fall in open interest suggests long unwinding | Price rise with fall in open interest suggests short covering

#All Future Stock

30-May 29-May 28-May 27-May 24-May

DISCOUNT/PREMIUM 63.10 89.45 108.40 21.90 77.25

COST OF CARRY% 0.63 0.63 0.65 0.62 0.61

PCR(OI) 1.20 1.20 1.27 1.31 1.41

PCR(VOL) 2.62 1.50 1.38 1.54 1.61

A/D RATIO(BANKNIFTY) 2.00 0.33 0.50 11.00 All Up#A/D RATIO(ALL FO STOCK) 2.83 0.21 0.53 10.50 22.00

IMPLIED VOLATILITY 15.91 16.13 16.50 19.26 20.51

VIX 15.61 16.41 15.92 16.19 16.19

HISTORICAL VOLATILITY 26.47 27.05 27.51 28.36 28.48

9

In Cr. In Cr.

-82

0

10

71

-86

13

6

-14

14

-9

-58

7

-95

1 -73

4

22

21

-2000

-1500

-1000

-500

0

500

1000

1500

2000

2500

17-May 20-May 21-May 22-May 23-May 24-May 27-May 28-May 29-May 30-May

-47

34

28

-50

9

-30

32

47

70

26

79

46

1

-11

60

95

1

55

09

-4000

-3000

-2000

-1000

0

1000

2000

3000

4000

5000

6000

17-May 20-May 21-May 22-May 23-May 24-May 27-May 28-May 29-May 30-May

Bottom 10 RolloverTop 10 Rollover

LTP Rollover % Open interest

EXIDEIND 216.05 99.2% 9596000

MGL 899.65 98.9% 724800

WOCKPHARMA 405.65 98.6% 2649600

CENTURYTEX 1038.95 98.6% 3519600

GLENMARK 558.7 98.6% 4520000

RAMCOCEM 833 98.4% 1342400

MFSL 456.35 98.2% 2138400

RAYMOND 853.95 97.9% 2605600

EQUITAS 137.65 97.8% 8604000

BERGEPAINT 302.4 97.7% 3036000

LTP Rollover % Open interest

TATAGLOBAL 238.3 63.5% 10487250

GAIL 360.45 66.2% 9297162

DCBBANK 234.45 67.4% 3235500

INDUSINDBK 1595.45 71.3% 8048700

COALINDIA 254.55 72.0% 23148400

NTPC 136 72.6% 43305600

ICICIPRULI 387.5 75.9% 4554000

MRPL 62.9 76.7% 3934000

IOC 163.1 77.5% 39644500

PEL 2213.45 77.5% 2614414

10

Turmeric futures (June) will probably trade with an upside bias in the range 6875-7300 levels. In Maharashtra, the sowing is likely to get delayed by 20-25 days due to water scarcity in key growing areas. The market participants would also keep a watch on the sowing progress in the areas of Telangana, which will begin from Jun 10. Jeera futures (June) is expected to trade with an upside bias in the range of 16940-17840 levels. The sentiments of the traders at the spot markets are positive due to heavy purchases being made by the exporters and wholesalers. Good news for India's cumin exporters is that its yield in Syria will be lower this year & the crop usually comes in the middle of June. This means that overseas demand for cumin seeds from India can remain strong in the foreign market for the coming few months. Cardamom futures trend is bullish on account of crop losses over last couple of years & expectation of decline in arrivals in the coming days. A likely delay of around two months in the new harvest season and lower output view in the coming 2019-20 (Jul-Jun) season further raised concern over supply. According to market estimates, the cardamom crop may fall to 7,000-8,000 tn in 2019-20 (Jul-Jun), the lowest in two decades. Hence, in days to come, it may test 2600-2700 levels, if it crosses the resistance near 2500 levels. Dhaniya futures (June) is likely to remain stuck in the sideways range of 7200-7600 levels with upside getting capped. The reason being is the increasing stock at exchange-accredited warehouses of 5007 tons as on 30th May, higher by 59% since the beginning of last month.

SPICES

Bullion counter may witness some short covering in near term as data pointed to easing inflationary pressure in the United States, boosting expectations of a further interest rate cut by the Federal Reserve. While data showed strong growth in gross domestic product in the first quarter, a gauge of inflation tracked by the Federal Reserve increased at a 1.0% rate last quarter, instead of the previously reported 1.3% pace. Manufacturing, retail sales, housing and exports also dropped in April. Gold (Aug) can take support near 31600 levels and recover towards 32600 levels while silver can test 37500 levels while taking support near 35500 levels. U.S. inflation was much weaker than initially thought in the first quarter amid a sharp slowdown in domestic demand, which could cast doubts on the Federal Reserve's view that the benign price pressures were largely because of temporary factors. U.S. President Donald Trump last week stoked global recession fears by slapping a 5% tariff on all goods from Mexico from June 10 until illegal immigration is stopped. The tariff would gradually increase to 25% by Oct. 1. According to the newest World Gold Council data, the supply of gold was virtually unchanged (modest growth in mine production and recycling were offset by a decline in hedging), while the gold demand rose 7 percent year-over year to 1,053.3 tons in the first quarter of 2019. The main driver of the increase was strong central banks’ purchases as central banks bought 145.5 tons of gold, 68 percent more than one year ago.

BULLIONS

Soybean futures (June) will probably witness a consolidation in the range of 3640-3750 levels. The market participants are cautious and keeping a watch on the progress of monsoon as well as the notion of the farmers to sow soybean this season. In the latest update, monsoon season rainfall for country as a whole is likely to be 96% of Long Period Average. The rains are likely at 94% of LPA over North West India; 100% over Central India, 97% over South Peninsula & 91% over Northeast. On CBOT, U.S. soybean futures are on a track to witness further gains on account of planting delays in the U.S. Midwest and expectations of sharp cutback in acreage as well as harvest yields. Soy oil futures (June) might witness some retracement facing resistance near 760-765 levels. The government plans to check duty-free, cheaper imports of edible oils through Nepal, to safeguard interests of the domestic refining industry and oilseed farmers. The overall trend of CPO futures is down owing to weakness prevailing in the Malaysian palm oil prices. In recent news, Poland is against the European Union’s (EU) proposed plan to ban the use of palm oil as a component of biofuels. Overall, the June contract might break the near term support of 510 & descend towards 500 levels. Mustard futures (June) is expected to trade on a strong foot & might rally to test 4000 levels. The Solvent Extractors' Association of India has urged the government to allow export of mustard oil in bulk, in line with overseas sales of other edible oils. The US, West Asia, England, Nepal, Canada and Bhutan are top consumers of Indian mustard oil.

OIL AND OILSEEDS

Crude oil prices may continue to extend its bearish momentum as global growth concerns due to growing trade conflicts and record US crude output is keeping the prices under pressure. U.S. President Donald Trump ramped up trade tensions globally by vowing to slap tariffs on all goods from Mexico, firing up fears over economic growth and appetite for oil. The Mexico trade dispute adds to a trade war between the United States and China. Crude prices have also been under pressure from a much smaller-than expected decline in U.S. stockpiles and U.S. crude oil production's EIA return to its record 12.3 million barrels per day. Crude oil can slip further lower toward 3700 while facing resistance near 4150. Iranian May crude exports fell to less than half of April levels at around 400,000 barrels per day (bpd) after the United States tightened sanctions on Tehran’s main source of income. Many expect supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to be extended in June meeting. Natural gas may remain on sideways bias as it can move in range of 170-190 levels. U.S. natural gas futures fell by the most in two months recently following the release of a federal report showing a bigger than expected storage build and on forecasts for cooler weather and lower demand next week than previously expected. U.S. utilities likely injected a marginally larger-than-normal 101 billion cubic feet (bcf) of natural gas into storage as production held near record levels.

ENERGY COMPLEX

Despite the correction in cotton futures due to trade war tension in the

international market, the trend of this soft commodity in the domestic market

is still positive due to a sharp fall in domestic supply amid lower crop in the

current season. In the coming week, the same is likely to persist & the June

contract might take support near 21645 & trade higher towards 22500 levels.

The ginners are not selling cotton to avoid losses caused by reduction in

weight of cotton due to moisture loss during hot summers. Cocud futures has

made a new life time high last month on the national bourse due to a severe

shortage in supply and rise in demand from the dairy sector. Going ahead, the

bullish factors may push up the June contract further towards 2900-3000

levels. At present, the demand is very much high for cottonseed oil cake as

compared to the other competing animal feeds. Guar seed futures (June) may

witness correction towards 4100 levels on account of the fact that El Nino is

devolving & India Meteorological Department is likely to stick to its forecast of

normal monsoon rains this year. IMD is scheduled to update its forecast of

monsoon rains in the end of July 2019. Similarly, guar gum futures (June) is

seen to be plunging further & test 8300 levels. The reason is that crude oil

prices are sinking after the President Donald Trump’s tweet, which threatened

5% tariff on Mexican goods. If this happens to be true then, it would add about

$3 a barrel to the cost & the profit margins of U.S. oil refiners could get hit.

OTHER COMMODITIES

In base metal counter, prices may remain on a weaker side on growing US China trade concerns. Copper may dip further lower towards 400 while its upside is capped near 420 levels. Chile's Codelco, the world's top copper miner, reported an 18% year-on-year drop in its first-quarter copper output as unions at its Chuquicamata mine announced they would hold talks with the company in hopes of averting a strike. Disruptions in top copper producer Chile, political and power problems in Zambia and restrictions on scrap imports into China are expected to weigh on copper supplies and likely lead to a tighter market in the second half of 2019. Meanwhile Lead may dip lower towards 145 levels while taking resistance near 155 levels. Nickel can take sideways as it can support near 860 levels while resistance near 900 levels. The Philippines' nickel ore production in the first quarter rose 3% from a year earlier to 2.97 million dry metric tonnes, despite zero output from more than half of the country's 28 mines. Aluminium may test 149 levels while taking support near 140 levels. Zinc may trade with sideways to weak bias as it can test 200 vwhile facing resistance near 220 levels. The London zinc market is in the grip of the most protracted and acute squeeze in 30 years. On the LME, the benchmark spread the difference between the cash price and that for three-month delivery flexed as wide as $161 per tonne. The global zinc market saw a deficit of 44,500 tonnes in March, compared with a surplus of 27,600 tonnes in February.

BASE METALS

11

TREND SHEET

Closing as on 30.05.19

EXCHANGE COMMODITY CONTRACT CLOSING DATE TREND TREND RATE TREND SUPPORT RESISTANCE CLOSING

PRICE CHANGED CHANGED STOP/LOSS

NCDEX SOYABEAN JUN 3703.00 27.03.19 Sideways 3650.00 3550.00 3850.00 -

NCDEX JEERA JUN 17440.00 22.04.19 UP 16970.00 17050.00 - 17000.00

NCDEX REF.SOY OIL JUN 757.05 26.04.19 Sideways 746.00 745.00 765.00 -

NCDEX RMSEED JUN 3966.00 11.03.19 Down 3969.00 - 4020.00 4050.00

NCDEX CHANA JUN 4616.00 24.02.19 Sideways 4050.00 4350.00 4800.00 -

NCDEX GUARSEED JUN 4283.50 27.05.19 Down 4350.00 - 4550.00 4580.00

NCDEX COCUD JUN 2763.00 01.01.19 UP 1940.50 2670.00 - 2650.00

NCDEX CASTOR JUN 5728.00 25.04.19 Down 5900.00 - 6100.00 6150.00

MCX CPO JUN 522.40 07.03.18 Down 547.00 - 532.00 535.00

MCX MENTHA OIL JUN 1307.00 21.01.19 Down 1551.90 - 1345.00 1350.00

MCX SILVER JUL 36420.00 11.04.19 Down 37000.00 - 37500.00 37700.00

MCX GOLD AUG 31926.00 15.05.19 Down 32400.00 - 32400.00 32450.00

MCX COPPER JUN 409.95 01.05.19 Down 449.80 - 422.00 425.00

MCX LEAD JUN 151.40 24.05.19 UP 149.00 145.00 - 144.00

MCX ZINC JUN 210.15 23.04.19 Sideways 220.00 204.00 215.00 -

MCX NICKEL JUN 885.70 07.03.19 Sideways 930.00 855.00 910.00 -

MCX ALUMINIUM JUN 144.85 01.05.19 Sideways 144.80 140.00 150.00 -

MCX CRUDE OIL JUN 3989.00 21.05.19 Down 4440.00 - 4150.00 4200.00

MCX NATURAL GAS JUN 178.50 21.01.19 Down 217.90 - 188.00 190.00

TECHNICAL RECOMMENDATIONS

NICKEL MCX (JUN) contract closed at Rs. 885.70 on 30th May’19. The contract made

its high of Rs. 960.00 on 9th apr’19 and a low of Rs. 855.50 on 9th Feb’19. The 18-

day Exponential Moving Average of the commodity is currently at Rs. 882.58.On the

daily chart, the commodity has Relative Strength Index (14-day) value of 54.742.

One can buy at Rs. 860 for a target of Rs. 920 with the stop loss of Rs. 830.

COPPER MCX (JUN) contract closed at Rs. 409.90 on 30th May’19. The contract made its

high of Rs. 473.95 on 27th Feb’19 and a low of Rs. 407.65 on 31st May’19. The 18-day

Exponential Moving Average of the commodity is currently at Rs. 421.24. On the daily

chart, the commodity has Relative Strength Index (14-day) value of 28.572.

One can sell around Rs. 420 for a target of Rs. 400 with the stop loss of Rs. 428.

GUARSEED NCDEX (JUN) contract was closed at Rs. 4283.50 on 30th May’19. The

contract made its high of Rs. 4611.00 on 3rd Apr’19 and a low of Rs. 4225.00 on 31st

May’19. The 18-day Exponential Moving Average of the commodity is currently at Rs.

4370.60. On the daily chart, the commodity has Relative Strength Index (14-day) value

of 30.46.

One can sell around Rs. 4350 for a target of Rs. 4100 with the stop loss of Rs 4475.

NEWS DIGEST

CRB fell for continuous for second week as commodities took correction on ongoing trade war

issue among some weaker than expected data. Upside in dollar index, which traded above 98,

was also a bearish trigger for commodities. Crude oil prices fell on last week and were on track

for their biggest monthly fall since November as trade conflicts spread and U.S. crude output

returned to record levels. U.S. President Donald Trump ramped up trade tensions globally by

vowing to slap tariffs on all goods from Mexico, firing up fears over economic growth and

appetite for oil. Prices were also down Crude prices have also been under pressure from a much

smaller-than expected decline in U.S. stockpiles and U.S. crude oil production's return to its

record 12.3 million barrels per day. Natural gas saw two week continuous decline on mild

weather concern. After the back-and-forth on how good the trade war could be for gold; the

yellow metal is benefiting again from speculation over a possible Fed easing. It could reattempt

topping $1,300 as U.S. inflation proves weaker than expectation. Futures also rose as 10-Year

Treasury yields fell again, hovering near 20-month lows, as investors sought safety in

government bonds. Silver tried to revive but settled the week in negative territory on

bearishness in base metals prices. Industrial metal prices declined over strengthening US Dollar

and uncertainty over a possible trade deal between US and China. Copper nosedived and

declined for seventh week in a row. After a four week rebound, nickel saw some correction from

higher side. Aluminum prices declined on fall in base metals as well as crude prices.

It was a mediocre week for agri commodities. Edible oil saw and oil seeds futures saw regain in

the prices except soyabean. Oils in Indore mandis showed a mixed trend with soya and palm oils

trading higher on weak availability. Mustard was strong as on the spot, at present the demand is

firm from crushing plants as the arrivals are shrinking because the peak supply season is coming

to an end. Cotton traded firm taking positive cues from the spot markets, wherein the arrivals

are slowing down whereas Cocud saw some profitbooking. Guar counter reacted negatively on

advancement of monsoon. The southwest monsoon advanced over more parts of southwest and

southeast Bay of Bengal, and remaining parts of Andaman Sea. In spices, turmeric tried to

recover its weekly loss to some extent on lower level buying. Jeera saw profitbooking from

higher levels.

12

NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)

WEEKLY COMMENTARY

COMMODITY UNIT 22.05.19 29.05.19 DIFFERENCE

QTY. QTY.

ALUMINIUM MT 4.81 230.98 226.17

COTTON BALES 194700.00 185900.00 -8800.00

GOLD KGS 19.00 19.00 0.00

GOLD MINI KGS 3.80 3.80 0.00

GOLD GUINEA KGS 7.36 7.36 0.00

MENTHA OIL KGS 0.00 2158.30 2158.30

SILVER (30 KG Bar) KGS 3800.00 3800.00 0.00

ZINC MT 262.47 267.45 4.98

WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)

COMMODITY UNIT 23.05.19 30.05.19 DIFFERENCE

QTY. QTY.

BARLEY MT 8636 8636 0

CASTOR SEED MT 106481 106605 124

CHANA MT 94021 94717 696

COCUD MT 24761 22104 -2657

CORIANDER MT 4768 5007 239

GUARGUM MT 11848 10948 -900

GUARSEED MT 22267 21584 -683

JEERA MT 1285 1408 123

RM SEED MT 69892 69485 -407

SOYBEAN MT 42089 38466 -3623

TURMERIC MT 2714 2823 109

WHEAT MT 22999 27362 4363

WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)

• India's gold imports from Switzerland were at a near-two year high of 58.6 tons in April, Commerzbank AG said, cit ing data from the Swiss Federal Customs Administration.

• The government has so far sold 44,150 tons of the 1.6-mln-tn wheat on offer under its open market sale scheme for 2019-20 (Apr-Mar).

• There is about a 60-65% probability of the weak El Nino condition in the tropical Pacific Ocean region persisting during Jun-Aug, and is likely to decrease to 50% from September onwards. - World Meteorological Organization

• The National Agricultural Cooperative Marketing Federation of India bought 13,832 tons of urad harvested in the 2018-19 (Jul-Jun) Rabi season, as of 27th May, 2019.

• China’s Huawei Technologies Co Ltd has filed a legal motion seeking to declare a U.S. defense law unconstitutional, in the telecom equipment maker’s latest bid to fight sanctions from Washington that threaten to push it out of global markets.

• China's Yanggu Xiangguang Copper Co has restarted its 400,000 tonne per year copper smelter in Shandong province after an overhaul that lasted about 50 days.

• The U.S. Defense Department is seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China.

• The Philippines' nickel ore production in the first quarter rose 3% from a year earlier to 2.97 million dry metric tonnes.

12.46%

3.05%2.67%

1.69%

0.97%

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

MAIZE KHARIF CPO COTTON SOY OIL WHEAT GUARGUM GUARSEED CORIANDER JEERA CASTOR SEED

-3.30% -3.07%

-2.00%-1.52% -1.28%

6.78%

2.11%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

CARDAMOM CPO COTTON GOLD ZINC MINI NICKEL MINI ALUMINIUM NATURAL GAS CRUDE OIL LEAD

1.19%0.88%

0.35%

-2.35% -2.33%-2.03% -2.01%

-1.50%

COMMODITY

PRICES OF COMMODITIES IN LME/ COMEX/ NYMEX (in US $)

WEEKLY STOCK POSITIONS IN LME (IN TONNES)

SPOT PRICES (% change) Lead Mini...... compulsory delivery list going on

13

COMMODITY EXCHANGE CONTRACT 24.05.19 30.05.19 CHANGE%

ALUMINIUM LME CASH 1761.50 1762.00 0.03

COPPER LME CASH 5919.00 5823.00 -1.62

LEAD LME CASH 1816.50 1797.50 -1.05

NICKEL LME CASH 12155.00 11980.00 -1.44

ZINC LME CASH 2705.00 2705.00 0.00

GOLD COMEX JUNE 1283.60 1292.40 0.69

SILVER COMEX JULY 14.56 14.49 -0.48

LIGHT CRUDE OIL NYMEX JULY 58.63 56.59 -3.48

NATURAL GAS NYMEX JUNE 2.60 2.55 -1.92

COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE

23.05.19 30.05.19

ALUMINIUM 1222625 1177250 -45375

COPPER 187700 185000 -2700

NICKEL 165132 163104 -2028

LEAD 73025 70850 -2175

ZINC 103725 101300 -2425

On the process of converting all metal contracts including its mini variants into delivery based contracts and after great success of compulsory delivery in Aluminium, Zinc, Nickel(250 kg)& Lead(5MT) contracts MCX, after receiving permission from SEBI, has also modified the contract specifications in Lead Mini contracts i.e. from “Both Options” (cash and delivery) to “Compulsory delivery". The revised contract specification for the above mentioned contracts has been implemented w.e.f. May 29, 2019. The said modification has been implemented from June 2019 contract onwards.

Sebi has been emphasizing on physical delivery settlement because as Sebi wants to reduce the distinction between cash market and derivative market to control speculation & volatility in the market. India has been producing these commodities. So, physical settlement can be done in India. If contracts have to be settled by delivery, domestic prices will be needed. But after successful settlement and compulsory delivery in many contracts, Sebi has taken a steps to allow compulsory delivery in other liquid commodities contracts.

INTERNATIONAL COMMODITY PRICES

COMMODITY EXCHANGE CONTRACT UNIT 24.05.19 30.05.19 CHANGE(%)

Soybean CBOT JULY Dollars Per Bushel 8.30 8.89 7.14

Soy oil CBOT JULY Cents per Pound 27.14 27.90 2.80

CPO BMD AUG MYR per MT 2013.00 2084.00 3.53

Cotton ICE JULY Cents per Pound 68.39 69.34 1.39

-2.28

-2.08

-1.45

-1.40

-1.36

-1.05

-0.21

-0.16

0.47

0.73

0.82

1.77

1.82

2.45

3.21

4.27

-3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00

GUAR GUM (JODHPUR)

RAW JUTE (KOLKATA)

CORIANDER (KOTA)

GUAR SEED (JODHPUR)

TURMERIC (NIZAMABAD)

BARLEY (JAIPUR)

JEERA (UNJHA)

SOYABEAN (INDORE)

PEPPER MALABAR GAR (KOCHI)

WHEAT (DELHI)

SUGAR (KOLKATA)

CRUDE PALM OIL (KANDLA)

MUSTARD (JAIPUR)

COTTON SEED OIL CAKE (AKOLA)

GUR (MUZAFFARNGR)

COTTON (KADI)

Contract Listing Contracts are available as per the Contract Launch Calendar.

Trading Unit 1 MT

Quotation/ Base 1 Kg valueTick Size 5 Paisa per kg

Maximum Order 100 MTSizeDelivery logic Compulsory delivery

Delivery Unit 1 MT with tolerance limit of + / - 10%

Final Settlement As per simple average of last 3 days domestic spot market Price polled prices (evening spot)

Tender Period 5% incremental margin for last 5 working days of the contractmargin on all outstanding positions

Delivery Location Ex-Warehouse at Chennai district in Tamil Nadu.

Quality Lead Ingots with minimum purity of 99.97%. Only LME approvedSpecifications & brands will be accepted. For the purpose of quality assessment,Shape reliance shall be placed by the WSP on the Certificate of issued by the producer.

Delivery of Goods The goods delivered through the ComRIS Account should be valid as per contract specifications up to minimum 15 days after the expiry of the contract from the MCXCCL approved quality certifying agency/s.

Delivery once submitted cannot be withdrawn or cancelled or changed, unless so agreed by the MCXCCL. Goods tendered under delivery shall be in conformity with the contract specifications.

Penal Provision Seller Default:for default of 3% of Settlement Price + replacement cost (difference between Delivery & Settlement price and higher of the last spot prices on the

commodity pay-out date and the following day, if the spot price so arrived is higher than Settlement Price, else this component will be zero.)

• At least 1.75% of Settlement Price shall be deposited in the Settlement Guarantee Fund (SGF) of the MCXCCL

• Up to 0.25% of Settlement Price may be retained by the MCXCCL towards administration expenses

• 1% of Settlement Price + replacement cost shall go to buyer who was entitled to receive delivery.

Over and above the prescribed penalty, MCXCCL shall take suitable penal/ disciplinary action against any intentional / wilful delivery default by seller.

Buyer default shall not be permitted

Changes in MCX Lead Mini contracts

Source: MCX

CURRENCY

Currency Table

Currency Pair Open High Low Close

USD/INR 69.7675 70.22 69.5750 70.0750

EUR/INR 78.32 78.55 78.0025 78.2425

GBP/INR 88.85 88.9925 88.41 88.6525

JPY/INR 63.7850 64.3875 63.6825 63.9625

News Flows of last week

(* NSE Currency future, Source: nseindia.com, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)

27th MAY RBI set to buy Rs 150 Bn worth of Bonds via OMO in June.

27th MAY US durable goods for the month of April showed further weakness in

the economy.

30th MAY Labor Party expected to announce to back second referendum.

30th MAY President Trump imposed 5% tariff hike on all Mexican goods.

30th MAY Swearing-in ceremony concludes; PM Narendra Modi, 57 ministers

take oath.

Market Stance

Modi led-NDA got another substantial majority to run the world's largest

democracy. After this political mandate, next few weeks will be crucial whether

FIIs turn to pour-in capital flows to bring Rupee back to above 68.00 against Dollar.

On the contrary, growing China-US failures in trade truce & weak US equities which

is the probable case after Trump's tax on equities (indirect means of tariff hike) will

dry the capital flows in emerging economy. In continuation of ebb and flow of

trade-war, US Treasury 10- years yield sink to seventeen-month low to 2.30%.

Admittedly in June-August this year majority of the offshore Chinese companies

has to pay dividend of over 18bn USD (outflows) which in-turns push USDCNY to

above 7.00.The euro-zone Composite PMI was broadly unchanged in May, and the

IFO Business Climate Index declined to a 54-month low in May, suggesting that

Germany’s economy slowed to little more than a crawl in Q2.In the UK, the pound

fell to a five-month low of $1.26 in response to growing speculation over Theresa

May’s departure as PM and renewed concerns over a no-deal Brexit. Next week

European election results & growth number from US will be important global

political event & key economic release respectively.

USDINR is likely to stay between 69.50 and 70.10.

14

EUR/INR (JUN) contract closed at 78.2425 on 30th May’ 19. The contract made its

high of 78.55 on 29th May’19 and a low of 78.0025 on 30th May’19 (Weekly Basis).

The 14-day Exponential Moving Average of the EUR/INR is currently at 78.56

On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 38.59.

One can sell at 78.25 for a target of 77.65 with the stop loss of 78.55.

EUR/INR

USD/INR (JUN) contract closed at 70.0750 on 30th May’ 19. The contract made its


The 14-day Exponential Moving Average of the USD/INR is currently at 70.09

On the daily chart, the USD/INR has Relative Strength Index (14-day) value of

48.49. One can buy at 69.65 for the target of 70.25 with the stop loss of 69.35.

USD/INRTechnical Recommendation

GBP/INR (JUN) contract closed at 88.6525 on 30th May’ 19. The contract made its


The 14-day Exponential Moving Average of the GBP/INR is currently at 89.50

On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 27.83.

One can sell at 88.65 for a target of 88.05 with the stop loss of 88.95.

GBP/INR

JPY/INR (JUN) contract closed at 63.9625 on 30th May’ 19. The contract made its


The 14-day Exponential Moving Average of the JPY/INR is currently at 63.95

On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 51.92.

One can buy at 63.90 for a target of 64.50 with the stop loss of 63.60.

JPY/INR

Economic gauge for the next week

Date Currency Event Previous

3rd JUN GBP Inflation Report Hearings

3rd JUN USD ISM Manufacturing PMI 52.8

3rd JUN INR Nikkei Manufacturing PMI (MAY) 51.8

4th JUN EUR CPI Flash Estimate y/y 1.7%

5th JUN USD ISM Non-Manufacturing PMI 55.5

5th JUN INR Nikkei Services PMI (MAY) 51.0

6th JUN EUR Monetary Policy Statement

6th JUN EUR ECB Press Conference

6th JUN INR RBI Interest Rate Decision 6%

7th JUN USD Average Hourly Earnings m/m 0.2%

7th JUN USD Non-Farm Employment Change 263K

7th JUN INR Foreign Exchange Reserves 31-MAY -

IPOIPOIPOIPO

15

IPO NEWS

IPO market set for revival as political uncertainty ends

As of 31 March, around 59 companies with plans to raise as much as ₹53,000 crore have secured the approval of regulator Securities and Exchange Board of India

to launch IPOs, according to data from primary market tracker Prime Database. With the sweeping victory of the National Democratic Alliance (NDA) ending

political uncertainty and signalling continuity of reforms, fund-raising activity that had slowed down due to stock market volatility is likely to get a boost.

SEBI approves Emami Cement IPO, may hit market in 6 months

Emami Cement Ltd's IPO could hit the market in the next six months with SEBI approving the issue. The company is looking to raise Rs 1,000 crore through the IPO,

which comprises fresh issuance of shares worth Rs 500 crore, and the rest as offer for sale from existing promoters. Emami Cement currently operates three

manufacturing plants at Risda in Madhya Pradesh, Panagarh in West Bengal and Bhabua in Bihar, having a capacity of 5.6 million tonne. It is also in the process of

setting up a cement grinding plant at Kalinganagar, Odisha. The company's combined installed capacity will be 9 million tonne with a clinker capacity of 3.2

million tonne.

NSE-, LIC-backed NCDEX eyeing IPO by end 2019

The Life Insurance Corporation of India-(LIC) and National Stock Exchange (NSE)-backed multi-commodity exchange National Commodity & Derivatives

Exchange Limited (NCDEX), which is the market leader in agri-commodity trading, has initiated preliminary discussions with merchant bankers to raise funds via

an initial public offer. NCDEX is in talks with SBI Capital and ICICI Securities to raise around Rs 400 crore to Rs 500 crore via an IPO for growth capital and provide

an exit window for their investors. The plan is to file a DRHP by end 2019. Multi Commodity Exchange (MCX), which deals mainly in metals and energy, is currently

the only listed commodity bourse in India. According to the NCDEX website, NSE is the largest shareholder in the exchange with a 15 percent stake, followed by

LIC (11.10 percent), National Bank For Agriculture & Rural Development (NABARD, 11.10 percent), Indian Farmers Fertiliser Cooperative Limited (IFFCO, 10

percent), Oman India Joint Investment Fund (10 percent), Punjab National Bank (7.29 percent), Canara Bank (6 percent), IDFC Private Equity Fund (5 percent)

and others.

*Closing price as on 30-05-2019

IPO TRACKER

Company Sector M.Cap (In Rs Cr.) Issue Size (in Rs Cr.) List Date Issue Price List Price Last Price %Gain/Loss*

Neogen Chemicals Ltd Chemicals 686.77 132.35 8-May-19 215.00 251.00 294.40 36.93

Polycab India Ltd Cable 9197.06 1346.00 16-Apr-19 538.00 633.00 618.65 14.99

Metropolis Healthcare Limited Healthcare 4816.78 1204.00 15-Apr-19 880.00 960.00 958.35 8.90

Rail Vikas Nigam Ltd Railway 5898.92 481.57 11-Apr-19 19.00 19.00 28.20 48.42

MSTC Ltd Trading 697.82 212.00 29-Mar-19 128.00 111.00 99.35 -22.38

Chalet Hotels Hotels & Restaurants 6824.31 1641.00 7-Feb-18 280.00 294.00 331.75 18.48

Xelpmoc Design IT 93.51 23.00 4-Feb-18 66.00 56.00 68.25 3.41

Garden Reach Shipbuilding Ship Building 1401.71 345.00 10-Oct-18 118.00 104.00 121.70 3.14

AAVAS Financiers Ltd NBFC 10794.93 1734.00 8-Oct-18 821.00 758.00 1384.30 68.61

Ircon International Ltd Railway 3887.92 470.00 28-Sep-18 475.00 410.30 413.70 -12.91

CreditAccess Grameen Ltd. NBFC 7811.71 1131.00 23-Aug-18 422.00 393.00 539.60 27.87

HDFC Asset Management Co AMC 37364.98 2800.00 6-Aug-18 1100.00 1726.25 1757.85 59.80

TCNS Clothing Co. Limited Retail 4782.04 1125.00 30-Jul-18 716.00 715.00 776.00 8.38

Varroc Engineering Limited Auto Ancillary 7023.69 1945.00 6-Jul-18 967.00 1015.00 521.05 -46.12

Fine Organic Industries Limited FMCG 4594.00 600.00 6-Jul-18 783.00 815.00 1499.75 91.54

RITES Limited Railway 5663.38 460.00 6-Jul-18 185.00 190.00 282.70 52.81

Indostar Capital Finance Ltd NBFC 3625.14 1844.00 21-May-18 572.00 600.00 391.40 -31.57

Lemon Tree Hotels ltd Hotel 5803.61 1038.00 9-Apr-18 56.00 61.60 73.40 31.07

ICICI Securities Ltd Broking House 6999.74 4016.00 4-Apr-18 520.00 431.10 218.15 -58.05

Mishra Dhatu Nigam Ltd Metal 2572.38 439.00 4-Apr-18 90.00 87.00 137.05 52.28

Karda Construction Ltd Construction 249.68 78.00 2-Apr-18 180.00 136.00 202.95 12.75

FIXED DEPOSIT MONITOR

FIXED DEPOSIT COMPANIES

96-120M=7.75%; 0.25% FOR FEMALE, SENIORCITIZEN & TRUST

0.35% EXTRA FOR SR. CITIZEN OR 0.25% EXTRA FOR EXISTING CUSTOMER (15 DAYS GAP IN FIRST & SECOND DEPOSIT) & 0.10% EXTRA IN RENEWAL UPTO ` 5 CR.

0.50% ADD. INTEREST TO SR. CITIZEN,EMPLOYEES,SHAREHOLDERS AND PERSON INVESTING ` 5 LACS AND ABOVE - MAX. 0.50%

` 20000/- BUT` 40000/-

IN MONTHLY

1 BAJAJ FINANCE LTD.(UPTO ` 5 CR.) ` 25000/-

3 GRUH FINANCE LTD. ` 1000/-

HDFC LTD- PREMIUM DEPOSIT FOR INDIVIDUAL(UPTO ` 2 CR.)

0.25% FOR SENIOR CITIZEN UPTO ` 2 CR.4

HDFC LTD- REGULAR FOR INDIVIDUAL & TRUST(> ` 2 CR TO ` 10 CR)

0.25% FOR SENIOR CITIZEN UPTO ` 1 CR.8.14 - 8.14 8.14 - 8.14 8.14 -

HDFC LTD- PREMIUM DEPOSIT FOR TRUST &INSTITUTION (UPTO ` 2 CR.)

-

8 15M=8.08 - - 30M=8.08 - -

HDFC LTD- SPECIAL DEPOSIT FOR TRUST(UPTO ` 2 CR.) 0.25% FOR SENIOR CITIZEN UPTO ` 2 CR.33M=8.14 - - 66M=8.14 - -9

HDFC LTD- REGULAR DEPOSIT FOR TRUST &INSTITUTION (UPTO ` 2 CR.)

0.25% FOR SENIOR CITIZEN UPTO ` 1 CR.7.98 - 7.98 7.98 - 7.98 7.98 -10

7.90 - 7.90 8.20 - 8.25 8.25 8.30ICICI Home Finance (less than ` 1 Cr.)11 0.25% EXTRA FOR SR. CITIZEN

ICICI Home Finance (less than ` 1 Cr.)12 0.25% EXTRA FOR SR. CITIZEN

8.00 - 8.25 8.35 - - - -J K LAKSHMI CEMENT LTD13

0.50% ADD. INTEREST TO SR. CITIZEN,EMPLOYEES, SHAREHOLDERS AND PERSONINVESTING ` 5 LACS AND ABOVE - MAX. 0.50%

8.00 - 8.25 8.35 - - - -J K TYRE INDUSTRIES LTD.14

8.50 - 8.50 8.50 - 8.25 8.25 -KTDFC (KERALA TRANSPORT) ` 10000/-15 0.25% EXTRA FOR SR. CITIZEN

8.15 8.15 8.20 8.25 - - 8.30 -LIC HOUSING FINANCE LTD.(UPTO ` 25 CR.) ` 10000/-16 0.25% FOR SENIOR CITIZEN IF APP ABOVE ` 50,000/- & 0.10% IF APP UPTO ` 50,000/-

M&M FINANCIAL SERVICES LTD(FOR BELOW ` 1 CRORE)

8.10 8.10 8.50 8.80 - 8.80 8.80 -17 ` 10000/-0.25% FOR SENIOR CITIZEN

10.50 - 11.00 11.50 - - - -OMAXE LTD18 -

8.30 - 8.30 8.40 - 8.40 8.45 8.30PNB HOUSING FINANCE LTD.(UPTO ` 5 CR.)

` 10000/-

19 0.25% EXTRA FOR SR. CITIZEN UPTO ` 1 CRORE

15M=8.30 22M=8.35 30M=8.30 44M=8.45 PNB HOUSING FINANCE LTD.(UPTO ` 5 CR.)20 0.25% FOR SENIOR CITIZEN

8.25 - 8.50 9.00 - 9.00 9.25 -SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME ` 5000/-21 0.25% FOR SENIOR CITIZEN,0.25% EXTRA FOR RENEWALS

8.25 - 8.50 9.00 - 9.00 9.25 -SHRIRAM CITY UNION SCHEME ` 5000/-22 0.25% FOR SENIOR CITIZEN,0.25% EXTRA FOR RENEWALS

2 CENT BANK HOME FINANCE (ONLY RENEWAL)CUM-` 5000/-

NON CUM-` 10000/-

7

0.25% FOR SENIOR CITIZEN

HDFC LTD- SPECIAL DEPOSIT FOR INDIVIDUAL(UPTO ` 2 CR.)

0.25% FOR SENIOR CITIZEN UPTO ` 2 CR.33M=8.08 - - 66M=8.08 - -5

HDFC LTD- REGULAR DEPOSIT FOR INDIVIDUAL(UPTO ` 2 CR.)

0.25% FOR SENIOR CITIZEN UPTO ` 1 CR.7.87 - 7.87 7.87 - 7.87 7.87 -6

15M= 20m= 30m= 35m= 40m= 75m= 90m=

8.00% 8.20% 8.20% 8.25% 8.25% 8.30% 8.35%

* Interest Rate may be revised by company from time to time. Please confirm Interest rates before submitting the application.

* For Application of Rs.50 Lac & above, Contact to Head Office.

* Email us at [email protected]

16

-

12M 18M 24M 36M 45M 48M 60M 84M

PERIOD

ADDITIONAL RATE OF INTEREST (%)

MIN.

INVESTMENT

(`)NBFC COMPANY - NAME S.NO

8.00 15M= 8.15 8.60 - 8.60 8.60 -

8.05%

7.75 8.00 8.00 8.00 - 8.25 8.25 8.00

7.75 13M= 7.75 8.00 - 8.00 8.00 8.25

7.75

15M=7.93 22M=8.03 30M=7.98 44M=8.03

INDUSTRY & FUND UPDATE

PPFAS mutual fund gets ready to launch 2nd equity fund in 6 years

Six years after launching its first and only equity mutual fund (MF) scheme so far, PPFAS Asset Management is ready to launch its second equity fund,

Parag Parikh Tax Saver Fund (PPTSF). It pales in comparison with some of the large funds who have launched many funds in the interim. ICICI

Prudential Asset Management Co Ltd launched 62 equity-oriented schemes (open-ended and closed-end) that collectively garnered close to Rs

33,000 crore during their new fund offer stage as per data from Value Research. Sundaram Asset Management Co Ltd launched 59 schemes that

collected Rs 4,809 crore, Reliance Nippon Life Asset Management Co Ltd launched 28 schemes that collected Rs 8292 crore, Aditya Birla Sun Life Asset

Management Co Ltd launched 25 schemes that collected Rs 4182 crore, among many other fund houses that launched schemes in this period. The fund

house has got the approval from the capital market regulator, the Securities and Exchange Board of India (Sebi), to launch its tax fund. There are 36

equity-linked savings schemes (ELSS) or tax-saving MF schemes in the Rs 23 trillion Indian MF industry at present. Most of the fund houses have got

atleast one ELSS scheme in their stable.

FinMin to launch ETF with bank stocks, financial institutions this fiscal

The Finance Ministry is planning to launch an exchange traded fund (ETF) consisting of stocks of PSU banks and financial institutions this fiscal and will

soon appoint an advisor to explore its feasibility, according to an official. After the resounding success of CPSE ETF and Bharat-22 ETF, the government

is looking at diversifying the ETF basket by including stocks public sector banks and financial institutions. The plan to launch a bank ETF comes on the

back of the government seeing huge investor demand for two existing ETFs. It has raised Rs 32,900 crore through two tranches and an additional fund

offer of Bharat-22 ETF, and Rs 38,000 crore in five tranches of CPSE ETF in the domestic market.

MUTUAL FUND

17

NEW FUND OFFER

Scheme Name SBI Fixed Maturity Plan (FMP) - Series 8 (1178 Days)

Fund Type Close Ended

Fund Class Income Fund

Opens on 28-May-2019

Closes on 03-Jun-2019

Investment Objective To provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

Min. Investment Rs. 5,000/-

Fund Manager Ms. Ranjana Gupta

Scheme Name DSP Quant Fund

Fund Type Open Ended

Fund Class Equity Scheme - Sectoral/ Thematic



Investment Objective To deliver superior returns as compared to the underlying benchmark over the medium to long term through investing in equity and equity related securities.

Min. Investment Rs. 500/-

Fund Manager Anil Ghelani

Scheme Name YES Ultra Short Term Fund

Fund Type Open Ended

Fund Class Debt Scheme - Ultra Short Duration Fund



Investment Objective To generate reasonable income with low volatility through investment in a portfolio comprising of debt & money market instruments.


Fund Manager Mr. Piyush Baranwal

Scheme Name ICICI Prudential Fixed Maturity Plan - Series 86 - 1120 Days Plan F

Fund Type Close ended

Fund Class Income



Investment Objective To seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme


Fund Manager Mr. Rahul Goswami & Mr. Rohan Maru

Note: Indicative corpus are including Growth & Dividend option . The above mentioned data is on the basis of 30/05/2019Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%

MUTUAL FUND Performance Charts

Returns (%) Risk Market Cap (%)

Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &

(`) Date (` Cr.) Launch CAP CAP CAP OTHER

Canara Robeco Equity Tax Saver Fund-G 67.80 02-Feb-2009 876.41 11.97 10.98 12.94 15.02 20.36 1.71 0.96 0.00 58.78 19.14 19.64 2.43

Kotak Taxsaver - Reg - Growth 45.83 23-Nov-2005 888.53 12.07 11.49 12.51 14.81 11.92 1.66 0.94 -0.06 59.25 27.33 10.36 3.07

HDFC Long Term Advantage Fund - G 372.55 02-Jan-2001 1451.17 10.98 9.39 11.12 15.46 21.71 1.71 0.98 -0.03 71.80 5.34 14.87 7.99

Mirae Asset Tax Saver Fund-Reg-Growth 18.03 28-Dec-2015 1405.40 9.97 8.65 10.77 19.93 18.80 1.79 1.01 0.01 74.39 15.42 8.24 1.94

ICICI Pru Long Term Equity F (Tax Saving)-R-G 388.83 19-Aug-1999 5686.28 10.96 9.42 10.23 13.28 20.32 1.65 0.85 -0.02 67.42 13.46 8.35 10.77

DSP Tax Saver Fund - Growth 49.48 18-Jan-2007 4828.61 12.12 10.75 8.56 14.21 13.80 1.82 1.01 -0.07 74.20 12.11 10.78 2.92

Tata India Tax Savings Fund-Reg-Growth 18.77 14-Oct-2014 1623.26 12.14 12.06 7.68 14.71 14.61 1.90 0.99 -0.03 75.67 10.97 6.91 6.46

TAX Fund


Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &


HDFC Top 100 Fund - Growth 517.01 11-Oct-1996 15452.70 13.26 13.05 16.89 16.27 20.08 1.88 1.07 -0.03 89.57 9.92 -- 0.51

HDFC Equity Fund - Growth 699.52 01-Jan-1995 20973.50 13.58 13.44 14.64 16.38 19.00 2.08 1.12 -0.04 82.70 11.10 5.59 0.61

Reliance Large Cap Fund - Growth 36.50 08-Aug-2007 11656.00 12.34 11.16 14.46 16.89 11.58 1.91 1.05 0.01 80.78 13.25 3.32 2.64

Franklin India Focused Equity Fund - G 43.18 26-Jul-2007 7609.72 15.02 16.26 13.12 14.44 13.14 2.05 1.06 -0.05 57.28 9.30 14.68 18.75

Reliance Multi Cap Fund - Growth 102.57 28-Mar-2005 9941.14 11.88 9.91 12.56 14.41 17.84 2.03 1.04 -0.01 51.59 26.27 20.49 1.66

Mirae Asset Large Cap Fund-Reg-Growth 52.37 04-Apr-2008 10640.40 10.10 8.87 12.51 16.53 16.00 1.69 0.99 0.00 83.17 8.72 3.27 4.84

Kotak Standard Multicap Fund - Reg - G 36.85 11-Sep-2009 23882.80 12.80 11.58 12.30 16.29 14.36 1.67 0.97 -0.02 73.38 19.16 1.58 5.88

EQUITY (Diversified)

Annualised

Returns (%) RiskAverage Yield till

Scheme Name NAV Launch QAAUM Since Std. Sharpe

1W 2W 1M 6M 1Y 3YMaturity (Years) Maturity

(`) Date (`Cr.) Launch Dev.

ICICI Prudential Long Term Bond Fund-G 60.55 09-Jul-1998 717.68 62.16 55.57 36.11 13.58 11.60 8.66 9.00 27.04 -0.03 11.08 8.31

Reliance Income Fund - G P - Growth 60.52 01-Jan-1998 279.40 51.32 49.17 29.09 12.99 10.88 7.51 8.77 21.49 -0.07 8.10 8.20

IDFC D B F - Reg - Growth (Re-Launched) 22.73 03-Dec-2008 1962.65 42.46 47.21 27.54 11.66 10.72 7.96 8.14 19.49 -0.09 8.16 8.30

IDFC Bond Fund - Income Plan - Reg - G 45.37 14-Jul-2000 699.30 44.48 48.22 28.14 11.42 10.60 7.71 8.34 19.87 -0.10 8.54 8.32

L&T Triple Ace Bond Fund - Reg - Growth 47.32 31-Mar-1997 547.88 53.64 55.10 30.82 12.42 10.00 6.77 7.26 15.82 -0.05 8.99 8.51

Axis Banking & PSU Debt Fund - Growth 1768.87 08-Jun-2012 3091.24 21.64 26.92 18.06 11.17 9.89 8.03 8.52 9.76 0.08 2.90 8.03

Aditya Birla Sun Life Income Fund - DAP 20.81 06-Mar-2009 978.32 38.28 37.68 21.74 10.64 9.75 7.20 7.42 20.06 -0.10 5.24 8.18

INCOME FUND

Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe

1W 2W 1M 6M 1Y 3YMaturity (Years) Maturity

(`) Date (`Cr.) Launch Dev.

Kotak Dynamic Bond Fund - Reg - Growth 24.67 27-May-2008 593.22 37.75 35.33 21.14 12.99 11.05 8.83 8.54 12.93 0.01 5.60 8.67

IDFC Banking & PSU Debt Fund - Reg - G 16.29 07-Mar-2013 2843.30 27.02 32.24 20.97 12.37 10.64 7.38 8.15 12.01 0.02 3.79 8.15

Sundaram Banking & PSU Debt Fund - G 26.70 30-Dec-2004 989.39 15.95 20.68 14.56 10.42 9.42 6.75 7.04 10.51 -0.04 1.95 7.89

Aditya Birla Sun Life Corp Bond Fund-R-G 72.72 03-Mar-1997 14957.60 19.97 20.84 14.31 10.18 9.40 8.00 9.32 7.28 0.01 2.19 8.40

DSP Banking & PSU Debt Fund - Reg - G 15.97 14-Sep-2013 1514.04 22.03 25.83 17.93 10.17 9.09 7.59 8.55 9.35 -0.05 2.68 7.87

IDFC Bond Fund - Short Term Plan-Reg-G 38.56 14-Dec-2000 5391.53 17.54 21.86 15.31 10.16 9.15 7.28 7.58 8.42 -0.04 2.03 8.02

Aditya Birla Sun Life Banking & PSU Debt F-R-G 241.75 02-May-2008 5997.30 27.78 28.33 18.29 10.13 9.15 8.03 8.29 8.94 -0.03 3.12 8.20

SHORT Due to their inherent short term nature, Short term funds have been sorted on the basis of 6month returns

Annualised


Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &


Mirae Asset Hybrid - Equity Fund-Reg-G 15.08 29-Jul-2015 1510.63 8.45 7.91 11.79 13.65 11.30 1.31 -0.01 56.22 9.14 4.21 30.43

Canara Robeco Equity Hybrid Fund - G 162.17 01-Feb-1993 1923.31 8.00 8.21 9.34 13.04 11.31 1.13 -0.03 50.84 14.98 4.19 29.99

SBI Equity Hybrid Fund - Growth 138.44 09-Oct-1995 28413.30 9.84 9.86 9.16 12.33 15.74 1.19 0.03 53.95 10.00 7.79 28.26

ICICI Prudential Equity & Debt Fund - G 136.78 03-Nov-1999 25914.10 8.68 8.36 8.63 13.58 14.29 1.26 -0.05 58.72 5.48 3.52 32.28

Sundaram Equity Hybrid Fund - Reg - G 92.43 23-Jun-2000 1458.12 7.79 7.14 8.35 12.13 12.37 1.13 -0.02 48.87 21.62 1.91 27.59

HDFC Hybrid Equity Fund - Growth 55.17 06-Apr-2005 21842.70 9.04 8.22 7.38 11.21 12.82 1.61 -0.16 49.17 11.41 8.34 31.08

Aditya Birla Sun Life Balanced Advantage F-G 53.87 25-Apr-2000 2891.58 6.53 5.21 7.33 11.27 9.21 0.73 -0.07 53.27 10.11 4.65 31.96

BALANCED

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*Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Mr. D K Aggarwal (CMD, SMC Investments & Senior VP – PHD Chamber of Commerce) addressing the audience during

the program "India Inc. Speaks Live" organised by PHD Chamber of Commerce held on Thursday, 23rd May, 2019 at PHD House, New Delhi.

SMC Group organised Board Meeting of Directors held on Saturday, 11th May, 2019 at Hotel The Westin Sohna Resort & Spa, Sohna Road, Haryana.

AWARDED THE BEST,TIME AND AGAIN.

WISEM NEY - SMC Trade Online...From The Desk Of Editor (Saurabh Jain) SMC Global Securities Ltd....

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Transcript of WISEM NEY - SMC Trade Online...From The Desk Of Editor (Saurabh Jain) SMC Global Securities Ltd....