MARKET-HUB

Sensex ends 212 pts higher, Nifty

around 10,900; Vedanta, DHFL

plunge 18%

Benchmark indices ended higher but

off day's high with Nifty ended near

10,900 level post Interim Budget

presented by Finance Minister

Piyush Goyal.

SBI post profit in Q3: State Bank of

India has reported profit at Rs 3,955

crore for October-December

quarter,agsinst a loss of Rs 2,416.4

crore in same quarter last year.

Net interest income during the

quarter grew by 21.4 percent year-

on-year to Rs 22,691 crore with loan

growth of 12.1 percent YoY and 4.6

percent QoQ.

Titan Q3 profit jumps 43% to Rs 413

cr,

Jewellery-to-watch maker Titan

Company has reported a healthy 43.5

percent on year growth in third

quarter consolidated profit to Rs

413.2 crore, driven by revenue

growth and strong jewellery business

during festive season.

Profit in same period last year stood

at Rs 288 crore.

Revenue from operations during the

quarter grew by 34.6 percent year-

on-year to Rs 5,871.5 crore with

jewellery business growing 37

percent YoY.

Maruti Suzuki rises 2% after

January auto sales beat Street

expectation

The company sold 1.517 lakh

vehicles during the month, an

increase of 0.2 percent over 1.513

lakh vehicles sold in same month

last year. Global brokerage house

Nomura had expected 1.45 lakh

units sales for the month.

Domestic sales lifted the growth in

January, which increased 1.1 percent

to 1.42 lakh vehicles, but exports

dropped 11 percent to 9,571 units

compared to year-ago month.

Tata Communications rises 5%

on robust Q3 numbers

Shares of Tata Communications rose

5 percent intraday Thursday after

company announced robust numbers

in the quarter ended December

2018.

It has touched an intraday high of Rs

514.05 and an intraday low of Rs

492.25.

NEWS LETTER

Beyond Research,

Beyond Advice

2nd February 2019 Issue – 334

Market Gyan

MARKET-HUB

Results & Corporate Action

MARKET-HUB

Corporate Action

Company Name Type

& Percentage

Record Date Ex-Date

Dividend

Hexaware Tech Interim(125.00%) 11-02-2019 08-02-2019

Bharat Elec Interim (30%) 11-02-2019 08-02-2019

Cholamandalam Interim (45%) 11-02-2019 08-02-2019

Dhampur Sugar Interim (35%) 11-02-2019 08-02-2019

DCM Shriram Interim (210%) 08-02-2019 07-02-2019

Granules India Interim (25%) 08-02-2019 07-02-2019

Info Edge Interim (15%) 08-02-2019 07-02-2019

Mahanagar Gas Interim (95%) 08-02-2019 07-02-2019

Praj Industries Interim (25%) 08-02-2019 07-02-2019

Sagarsoft Interim (10%) 08-02-2019 07-02-2019

GMM Pfaudler Interim (50%) 07-02-2019 06-02-2019

IIFL Holdings Interim (0%) 07-02-2019 06-02-2019

Kirloskar Oil Interim (125%) 07-02-2019 06-02-2019

NTPC Interim (35.80%) 07-02-2019 06-02-2019

Orient Electric Interim (50%) 07-02-2019 06-02-2019

Rane Brake Final (65%) 06-02-2019 06-02-2019

Torrent Pharma Interim (260%) 07-02-2019 06-02-2019

Godrej Consumer Interim (200%) 06-02-2019 05-02-2019

HCL Tech Interim (100%) 06-02-2019 05-02-2019

Avantel Interim (30%) 05-02-2019 04-02-2019

Edelweiss Interim (110%) 05-02-2019 04-02-2019

Persistent Interim (80%) 05-02-2019 04-02-2019

Sharda Crop Interim (20%) 05-02-2019 04-02-2019

MARKET-HUB

Nifty Spot In Last Week :-

As we saw the Price Movement in Nifty Spot in last week that In Upside is

10,983.45 and in Downside 10,583.65.

Nifty Spot In Upcoming Week :-

There is strong Resistance is 10,990 to 11025 There is possibility of profit booking

on this level if close above 11,080 the next level 11,320 to 11400 down side

10,800 is support if break this level and closing below this level then down side

next target 10,660 to 10,500.

Bank Nifty in Upcoming week :-

27,540 is strong resistance if close above 27,540 then next level up side 27,900 to

28,400, down side 26,730 is very important level if close below this level then

down side target will be 26,400 to 26,000.

Market Technical

Page: - 2

Recommendation for next week

BANKNIFTY WEEKLY CHART

NIFTY WEEKLY CHART

MARKET-HUB

Copper:- Buy in dips with sl 400 upside target

will be 440 sell around 440 with sl 447 down side

target will be 420 to 400.

Crude:- Buy in dip with sl 3,600 upside target

will be 4150.

Silver :- Buy in dip with sl 38,700 upside

target will be 41,500 if close above 41,600 level

then next up target 42,800 possibility.

Gold :- 33,700 is resistance sell with sl

33,750 down side target 33,000 to 32,700 if

close two day above 33,700 then upside target

35,800.

Commodity Market

MARKET-HUB

Currency Market

USDINR: Investors can Sell on rise around 71.50

to 71.90 with stop loss of 72.27 down side target

will be 71.00 to 70.70 ,Buy in dip with sl 70.00

upside target will be71.60 to 71.90.

GBPINR: Investors can buy in dip around

range 92.00 to 92.20 with the stop loss of 91.60

and upside target will be 93.50 to 94.09.

EURINR: Investors can buy in dip around

range 81.25 with the stop loss of 80.70 closing

base and upside target will be 82.40 to 82.90.

JPYINR:- Investors can buy in dip around

range 81.25 with the stop loss of 80.70 closing

base and upside target will be 82.40 to 82.90.

MARKET-HUB

The most awaited event of Interim Budget by the central government went off relatively silently. It was justified to expect a populace budget ahead of union election. Market was trading cautiously with the fear that If there are large slippages and the market feels that if govt. create new liabilities (without matching resources) at a time when GST collections are not up to the mark.

The govt has tried to maintain the fiscal deficit at 3.4% and that was in the favor of rupee. However, the confusion for raising the supporting resources would dampen the sentiment.

on the international front the US fed cahirman had maintain the interest rate. This has also supported the rupee so some extent.

Crude oil price may remain firm as there was reduction in US inventory. China's manufacturing data are not as bad as expected. Hence, the fear of slow down in the global market is receding. which will support the oil price.

in the next week also, the rupee is likely to stay within a range.

Premium / Discount (USD/

INR) Based on Forward Rates

Duration Premium One month

Forward

0.20

Three month

Forward

0.40

Six month 1.17

One year 2.35

RBI reference Rates

Currency Rates

USD 71.11

GBP 93.17

Euro 81.34

100 Yen 65.31

Currency Corner

MARKET-HUB

Budget 2019 Highlights

Finance minister Piyush Goyal on Friday presented the much awaited Union

Budget in Lok Sabha.

Here is a look at the main points of the Budget presented by Piyush Goyal

• Individual taxpayers with annual income up to 5 lakh rupees to get full tax

rebate.

• Individuals with gross income up to 6.5 lakh rupees will not need to pay any

tax if they make investments in provident funds and prescribed equities.

• Standard tax deduction for salaried persons raised from 40,000 rupees to

50,000 rupees.

• TDS threshold on rental income raised from 1.8 lakh to 2.4 lakh rupees.

• "Around 3 crore middle-class taxpayers will get tax exemption due to this

measure," the finance minister said.

• Gratuity limit increased from 10 lakh to 30 lakh rupees.

• Benefit of rollover of capital tax gains to be increased from investment in

one residential house to that in two residential houses, for a taxpayer having

capital gains up to 2 crore rupees; can be exercised once in a lifetime.

• "We are poised to become a 5 trillion dollar economy in the next five years,

we aspire to become a 10 trillion dollar economy in the next eight years," Goyal

said.

• Businesses with less than Rs. 5 crore annual turnover, comprising over 90%

of GST payers, will be allowed to return quarterly returns.

• Direct tax collections from 6.38 lakh crore rupees in 2013-14 to almost 12

lakh crore rupees; tax base up from Rs 3.79 crore to Rs 6.85 crore. 99.54%

returns have been accepted without any scrutiny. In January 2019, GST

collections has crossed 1 lakh crore rupees.

• GST has been continuously reduced, resulting in relief of 80,000 crore

rupees to consumers; most items of daily use for poor and middle class are now

in the 0%-5% tax bracket.

• Two per cent interest subvention on loan of 1 crore for GST registered

MSME units.

• Group of Ministers examining how prospective house buyers can benefit

under GST.

• GST is the undoubtedly the biggest taxation reform implemented since

Independence; through tax consolidation, India became one common market;

inter-state movements became faster through e-way bills, improving Ease of

Doing Business.

• Within almost two years, almost all assessment and verification of IT returns

will be done electronically by an anonymized tax system without any

intervention by tax officials.

• "Cost of data and voice calls in India is now possibly the lowest in the

world; mobile and mobile part manufacturing companies have increased from 2

to 268," he said.

Updates

Page: - 3

MARKET-HUB

• Single window clearance for filmmaking to be made available to Indian

filmmakers, anit-camcording provision to be introduced to Cinematography

Act to combat film privacy.

• Allocation for North Eastern region proposed to be increased to Rs 58,166

crore in this year a rise of over 21% from the previous year.

• Increased allocation for Rashtriya Gokul Mission to 750 crore in current

year.

• Two per cent interest subvention to farmers pursuing animal husbandry and

fisheries.

• "Urgent action needed to increase hydrocarbon production to decrease

imports; change in bidding procedure and exploration procedure being

implemented," Goyal added.

• Committee under NITI Aayog to be set up to identify and denotify nomadic

and semi-nomadic communities; Welfare Development Board to be set up

under Ministry of Social Justice and Empowerment for welfare of these hard-to-

reach communities and for tailored strategic interventions.

• Mega Pension Yojana, namely Pradhan Mantri Shram Yogi Mandhan, to

provide assured monthly pension of 3000 rupees per month, with contribution

of 100 rupees per month, for workers in unorganised sector after 60 years of

age.

• "(This) will benefit 10 crore workers in unorganized sector, may become the

world's biggest pension scheme for unorganized sector in five years," Goyal

said.

• Under Pradhan Mantri Kisan Samman Nidhi, 6000 rupees per year for each

farmer, in three installments, to be transferred directly to farmers' bank

accounts, for farmers with less than 2 hectares land holding.

• This initiative is likely to benefit 12 crore small and marginal farmers, at an

estimated cost of Rs 75,000 crore.