- Bank of India sold an 18% stake in its life insurance joint venture with Dai-ichi Life Insurance Company of Japan to the Japanese partner. The joint venture was formed in 2007 between Bank of India, Union Bank of India, and Dai-ichi Life Insurance to undertake life insurance business in India. - Hindustan Unilever has decided to shut down its coffee retail chain Bru World Cafes, five years after launching it. The company confirmed it had decided to close all of its Bru World Cafe locations. - Asian markets opened lower as investors were cautious ahead of the first presidential debate between Hillary Clinton and Donald Trump, which could impact sectors like health insurance and drugmakers.

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Global View
India Update
Today’s Event/ Stock in News
State-owned lender Bank of India (BOI) on Monday said it has sold 18 per cent stake in its insurance Joint Venture (JV) Star Union Dai-ichi
LifeInsuranceCompanyLtd(SUD)toitsJapanesepartner,Dai-ichiLifeInsuranceCompanyLtd(DILIC).SUDwasincorporatedin2007asaJV
among Bank of India, Union Bank of India and DILIC to undertake life insurance business in India. As per the terms of the JV, the Japanese
firm had an option to purchase 18 per cent additional stake in SUD upon change in law permitting overseas investors to hold stake higher
than26percent.
Technical Outlook: On daily chart, stock has been trading in a higher top higher bottom formation since last many days and it seems that
stockcouldfurtheraccelerateitsupsidemovementfromthepresentlevel.Moreover,stockhasbeencontinuouslytradingaboveits21day
moving averagewhich is placed at 117.55 levelwhich shows that near term trend is up. An hourly Stochastic reading is at 22.80 near to its
oversoldzone,whichpointoutforbouncebackintheprices.Sofor tradingperspective,one couldBuyinrangeof115.50-117 for Targetof
121withSLof113.50.
BANKINDIA
HINDUNILVR
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
27th Sep 2016
Sell in range of 892-896 for Target of 874 with SL of 905
Buy in range of 115.50-117 for Target of 121 with SL of 113.50
HindustanUnileverLtd(HUL),India’slargestconsumer packagedGoodsCompanybysales,hasdecidedtoshutter itscoffeeretailchainBru
WorldCafésfive yearsafterlaunchingit.“Wehave decided toclose our BruWorldCafés,” a company spokespersonconfirmed inanemail
onMonday,addingthatthecafechainwaslaunchedtoenablethebrandtohaveadeeperconsumerengagement.
TechnicalOutlook:Ondaily chart,stockhasformedlargebearishcandlestickwithaboveaveragevolume,whichshowsaccentuatedselling
pressure during last trading session. Moreover, stock has been trading below its 50 day moving average which is placed at 918.20 level
which shows that near tomedium term trendis down. Amomentum indicator RSIreading isat 39.78 levelwith negative crossover which
pointoutfornegativebreathinthestock.Sofortradingperspective,onecouldSellinrangeof892-896forTargetof874withSLof905.
UncertaintygrippedAsianmarketsonTuesdayasinvestorsbracedforapotentiallypivotalUSpresidentialdebatebyshunningstocks
while favoring safe haven bonds and the yen. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.3 percent in early
trade, while South Korea fell 0.6 percent. Japan's Nikkei dropped 1 percent as a higher yen threatened exporter sales and profits.
The Indian equity market is expected to open flat to positive today tracking Asian indices. SGX Nifty is trading at 8746.50 up by 10
points.
Wall Street fell on Monday as Deutsche Bank weighed on financials and investors hunkered down for the first debate between US
presidential candidates Hillary Clinton and Donald Trump. Big banks led the declines as investors worried that Deutsche Bank might
needto addadditional capitalto pay for aUSD 14 billionUSdemandtosettle claims itmissoldmortgage-backedsecurities. The race
for the White House has so far had little discernible effect on the sentiment but that may change if Monday's encounter leaves a
decisive winner. With just over six weeks until the November 8 vote, some investors see the neck-and-neck contest sparking
volatility in sectors including health insurers, drugmakers and industrials. The Dow Jones industrial average dropped 0.91 percent to
endat18,094.83pointsandtheS&P500lost0.86percentto2,146.1.TheNasdaqCompositelost0.91percenttofinishat5,257.49.

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Morning Tea
27th Sep 2016
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Bulk Deal
Security in Ban
CEATLTD, DLF, HDIL, IBREALEST, IDBI, JETAIRWAYS, JINDALSTEL, JISLJALEQS, RCOM, RELCAPITAL &
WOCKPHARMA
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 26/09/2016 531611 AADHAARVEN VENERA PROPERTY PRIVATE LIMITED B 10000000 0.12
2 26/09/2016 531611 AADHAARVEN NUGGET STEEL TRADING PVT LITD S 10000000 0.12
3 26/09/2016 538962 MINDACORP KOTAK INDIA GROWTH FUND II S 9584870 100.27
4 26/09/2016 539876 CROMPTON HSBC GLOBAL INVESTMENT FU NDS MAURITIUS S 6659688 157.00
5 26/09/2016 539876 CROMPTON HSBC GLOBAL INVESTMENT FUNDS INDIAN EQ B 6659688 157.00
6 26/09/2016 538962 MINDACORP MINDA CAPITAL LIMITED B 5300000 100.20
7 26/09/2016 500093 CROMPGREAV HSBC GLOBAL INVESTMENT FU NDS MAURITIUS S 4440000 80.00
7 26/09/2016 500093 CROMPGREAV HSBC GLOBAL INVESTMENT FUNDS INDIAN EQ B 4440000 80.00
7 26/09/2016 538962 MINDACORP MINDA S MTECHNOCAST PVT. LTD. B 2950000 100.20
7 26/09/2016 538962 MINDACORP KOTAK INDIA PRIVATE EQUITY FUND S 2418745 100.25
Corporate Action / Result Calendar
National Aluminium Company Limited; Dividend - Re 0.75 Per Share
Namaste Exports Limited; Annual General Meeting
Agro Dutch Industries Limited; Annual General Meeting
Atlas Cycles (Haryana) Limited; Annual General Meeting
Sujana Tower Limited; Annual General Meeting
Sujana Universal Industries Limited; Annual General Meeting
Sujana Metal Products Limited; Annual General Meeting
Rajvir Industries Limited; Annual General Meeting
Result Calendar:

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Research Team
Mr. Sumeet Bagadia Associate Director
Kkunal Parar Sr. Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
27th Sep 2016
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity Broking
Pvt Ltd., ou=Research Dept,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2016.09.27 08:42:34 +05'30'