Share Market Today 31st January 2020 - Get Daily Stock Market Report

Currency pivot levels Currency pair Close Change (%) Resistance 1 Resistance 2 Pivot Support 1 Support2 USDINR 71.67 0.29 71.9258 72.0442 71.6892 71.5708 71.3342 EURINR 79.12 0.44 79.3150 79.4300 79.0850 78.9700 78.7400 GBPINR 93.35 0.37 93.5367 93.6458 93.3183 93.2092 92.9908 JPYINR 65.90 0.45 66.1650 66.2700 65.9550 65.8500 65.6400   Cross-currency update Currency pair Close Change (%) Dollar index 97.87 -0.18 EURUSD 1.1103 0.21 GBPUSD 1.3090 0.56 USDJPY 108.93 -0.07   USDINR 26 February 2020 expiry option update Options LTP Change (%) OI OI (Prev.) CE  72.50 0.135 58.82 57817 -1.6 CE 72.00 0.265 49.3 143815 0.59 CE 71.50 0.4875 37.32 133885 39.04 CE 71.00 0.8025 26.38 124067 4.47 CE 70.50 1.2175 18.49 24760 9.48           PE 72.00 0.95 -14.22 9330 62.17 PE 71.50 0.585 -17.02 92919 9.02 PE 71.00 0.31 -19.48 77326 38.26 PE 70.50 0.1325 -20.9 120472 11.8 PE 70.00 0.0475 -20.83 58654 23.66 Note: Previous day’s movement in option activities RBI reference rate (30 January 2020) 1 USD 1 GBP 1 EURO 100 YEN 71.4772 93.0209 78.7102 65.6200  Technical view on major currency pairs USDINR (February Futures) The USDINR pair gained 0.30% yesterday and settled at 71.65 as compared to the previous day’s close of 71.4725. The US dollar remains in demand against the rupee and other Asian currencies after the Federal Reserve did nothing to signal any near-term easing of policy, despite issuing a statement that was seen as slightly less confident about the economic outlook. However, the US dollar struggled for direction in the evening session after mixed US economic data and the Bank of England held rates steady in the wake of firmer economic data. Technically, the USDINR pair extended its recent bullish momentum and jumped towards 71.close to the second predicted resistance. Today, the pair would need to break above 71.85 in order to test the next resistance of 72.00. Alternatively, the pair may witness correction towards 71.35–71.15 in case it is unable to break 71.85 on closing basis.Trend: Neutral  EURINR (February Futures) The EURINR pair recovered 0.40% yesterday and settled at 79.12 as compared to the previous day’s close of 78.7875. The pair jumped to the day’s high of 79.20 after the unemployment rate in the Eurozone ticked down in December. This reading came in better than the market expectation of 7.5%. Further, weakness in the rupee also supported the recent recovery. Technically, on the EOD chart, the EURINR pair is trading on the verge of a short-term consolidation resistance of 79.25. Since 21 January 2020, the pair is struggling to cross this mark and is consolidating in the range of 79.00–78.65. Further, RSI 14 and its 9 SMA are showing a bullish crossover, which is supporting the outlook of a bullish momentum. Today, a break above 79.25 will cause the EURINR pair to test its next resistance of 79.45–79.65. Alternatively, the pair may retreat towards 78.80–78.65 again.   Trend: Volatile Major economic data and events released yesterday/earlier today Major economic data & events scheduled for the day Time Currency Economic indicators Forecast Previous Possible impact 6:30am CNY Manufacturing PMI 50.1 50.2 Negative   CNY Non-Manufacturing PMI 53.1 53.5 Negative 10:30am JPY Housing Starts y/y -11.70% -12.70% Neutral 12:00pm EUR French Flash GDP q/q 0.20% 0.30% Negative 12:30pm EUR German Retail Sales m/m -0.50% 2.10% Negative 1:15pm EUR French Consumer Spending m/m -0.10% 0.10% Negative   EUR French Prelim CPI m/m -0.50% 0.40% Negative 1:30pm EUR Spanish Flash GDP q/q 0.40% 0.40% Neutral   EUR Spanish Flash CPI y/y 1.00% 0.80% Positive 2:30pm EUR Italian Prelim GDP q/q 0.10% 0.10% Neutral 3:00pm GBP M4 Money Supply m/m 0.60% 0.80% Negative   GBP Mortgage Approvals 66K 65K Neutral   GBP Net Lending to Individuals m/m 4.2B 4.5B Negative 3:30pm EUR CPI Flash Estimate y/y 1.40% 1.30% Positive   EUR Core CPI Flash Estimate y/y 1.20% 1.30% Negative   EUR Prelim Flash GDP q/q 0.20% 0.20% Neutral 7:00pm CAD GDP m/m 0.00% -0.10% Positive   CAD RMPI m/m 0.50% 1.50% Negative   CAD IPPI m/m 0.00% 0.10% Negative   USD Core PCE Price Index m/m 0.10% 0.10% Neutral   USD Employment Cost Index q/q 0.70% 0.70% Neutral   USD Personal Spending m/m 0.30% 0.40% Negative   USD Personal Income m/m 0.30% 0.50% Negative 8:15pm USD Chicago PMI 48.9 48.9 Neutral 8:30pm USD Revised UoM Consumer Sentiment 99.1 99.1 Neutral   USD Revised UoM Inflation Expectations - 2.50% - Impact: High | Low | Medium Note: Economic data expectations are based on median forecast by economists or Reuters and Bloomberg survey. Here, a positive impact indicates currency could appreciate and negative indicates currency could depreciate against the US dollar. Technical chart source: TickerNews Source: TickerNews, Forexfactory.com, forexlive.com, Reuters, and investing.com *DOS – Depends on Statement. DOV – Depends on Votes. Disclaimer: This document has been prepared by IndiaNivesh Securities Limited (IndiaNivesh), for use by the recipient as information only and is not for circulation or public distribution. This document is not to be reproduced, copied, redistributed or published or made available to others, in whole or in part without prior permission from us. This document is not to be construed as an offer to sell or the solicitation of an offer to buy any currency pair. Recipients of this document should be aware that past performance is not necessarily a guide for future performance and price and value of investments can go up or down. The suitability or otherwise of any investments will depend upon the recipients particular circumstances. The information contained in this document has been obtained from sources that are considered as reliable though its accuracy or Completeness has not been verified by IndiaNivesh independently and cannot be guaranteed. Neither IndiaNivesh nor any of its affiliates, its directors or its employees accepts any responsibility or whatever nature for the information, statements and opinion given, made available or expressed herein or for any omission or for any liability arising from the use of this document. Opinions expressed are our current opinions as of the date appearing on this material only. IndiaNivesh directors and its clients may have holdings in the currencies mentioned in the report.)

Decent top line, PAT growth impacted by impairment provisionRating: ACCUMULATE | CMP: Rs 440.15 | Target Price: Rs 681 | Upside: 54.77%LIC housing Finance limited reported mixed Q3FY20 numbers. Topline growth came in at 12.10% on back drop of slowing economy and struggling housing sector. Tax sops, interest rates incentives rolled by government in earlier years did yield dividends for HFC’s focused in affordable segment. Tier II & III cities witnessed demand for low cost houses. Bottom line of LICHSGFIN was significantly impacted by provision for impairment of financial instruments which was 390.68 crore in Q3FY20 as compared to -3.14 crore in Q3FY19. NIMs improved to 2.42% from 2.33%. Gross NPA increased to 2.73%, due to project loans. Individual Gross NPA was lower at 1.90%. Company remains focused on individual home loans in affordable segment and PMAY. We expect slight credit cost pressure in Q4FY20 as well. Reported PAT came marginally lower on YoY basis.Recommendation: Accumulate We had initiated buy recommendation on LICHSGFIN at Rs. 370 for a target price per share of Rs. 681, valuing the company at P/BV of 1.5x on FY21e. Pick up in economy aided by higher rural income on back drop of expected good ‘Rabi’ harvest and lower interest rate regime augurs well for housing finance companies focused in affordable housing segment. We recommend accumulate on LIC Housing Finance Limited. Disclaimer: This document has been prepared by IndiaNivesh Securities Limited (“INSL”), for use by the recipient as information only and is not for circulation or public distribution. INSL includes subsidiaries, group and associate companies, promoters, employees and affiliates. INSL researches, aggregates and faithfully reproduces information available in public domain and other sources, considered to be reliable and makes them available for the recipient, though its accuracy or completeness has not been verified by INSL independently and cannot be guaranteed. The third party research material included in this document does not represent the views of INSL and/or its officers, employees and the recipient must exercise independent judgement with regard to such content. This document has been published in accordance with the provisions of Regulation 18 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. This document is not to be altered, transmitted, reproduced, copied, redistributed, uploaded or published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from INSL. This document is solely for information purpose and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. Recipients of this document should be aware that past performance is not necessarily a guide for future performance and price and value of investments can go up or down. The suitability or otherwise of any investments will depend upon the recipients particular circumstances. INSL does not take responsibility thereof. The research analysts of INSL have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. This document is based on technical and derivative analysis center on studying charts of a stock’s price movement, outstanding positions and trading volume, as opposed to focusing on a company’s fundamentals and, as such, may not match with a report on a company’s fundamentals. Nothing in this document constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances. INSL does not accept any responsibility or whatever nature for the information, assurances, statements and opinion given, made available or expressed herein or for any omission or for any liability arising from the use of this document. Opinions expressed are our current opinions as of the date appearing on this document only. The opinions are subject to change without any notice. INSL directors/employees and its clients may have holdings in the stocks mentioned in the document. This report is based / focused on fundamentals of the Company and forward-looking statements as such, may not match with a report on a company’s technical analysis report Each of the analysts named below hereby certifies that, with respect to each subject company and its securities for which the analyst is responsible in this report, (1) all of the views expressed in this report accurately reflect his or her personal views about the subject companies and securities, and (2) no part of his or her compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report: Dharmesh Kant.)