STOCK TO TRADE FOR 28 JUN 2018

BUY DCBBANK FUTURE ABOVE 169 TG 171.40,173.90 S 167.00
SELL GMRINFRA BELOW 15.30 TG 15,14.50 SL 15.90

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The market ended lower on Wednesday due to a rise global crude oil prices and rupee hitting a 19-month low during the day, while traders turned cautious a day before the expiry of June derivatives contracts.The S&P BSE sensex ended at 35,217, down 273 points while the broader Nifty50 index settled at 10,671, down 98 points.Among sectoral indices, the Nifty PSU Bank index ended 2.4% lower led by a fall in the shares of IDBI Bank, Syndicate Bank and Bank of India. Shares of public sector banks (PSBs) fell on concerns of stress in the banking sector after the Reserve Bank of India (RBI) on Tuesday said Gross NPA ratio of banks is likely to rise from 11.6 per cent in March 2018 to 12.2 per cent by the end of the current financial year ratio.Among individual stocks, the oil marketing companies (OMCs) such as Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL) fell up to 8% on the BSE as global oil prices rose amid supply disruptions.

Mindtree has been an early investor in digital technologies. While this hurt profit margins in the past, the investment phase is drawing to a close and the results are evident from the rise in deal wins, in revenue and the improvement in margins. n FY18, the company's dollar revenues grew 8.6 percent. However, digital revenue grew much faster at 18.9 percent and constituted 45 percent of the company's total revenues – one of the highest in the industry.For Mindtree, both deal wins as well as the pipeline of deals remains strong. At the end of FY18, the pipeline of deals overall was 32 percent higher than previous fiscal with the pipeline of digital much higher at around 66 percent. The company expects a better win ratio in deals and the high customer satisfaction ratings too points to a better future.

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