Benchmark indices declined as the Sensex fell 407 points and the Nifty declined 122 points. Most sectoral indices fell between 1-2%, with banks, autos, FMCG, IT and pharma declining the most. US oil prices fell for a sixth day due to rising global supplies from Iran and the US. Indiabulls Real Estate shares rose over 5% ahead of a board meeting to consider demerging its residential and commercial businesses. Mahindra & Mahindra agreed to sell a 22% stake in its joint venture Mahindra Sanyo for Rs. 146 crore.

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
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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
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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.
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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.
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