Morning Note

12 JUNE 2013
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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 19143 5789 6230 5807 %Chg -1.53 -1.51 -1.61 -1.83

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2035 11436 165549 179020

%Chg
33.27 36.05 42.25 41.73

MARKET INSIGHT
On Tuesday 12 June 2013, Benchmark equity indices which rebounded from day's low in

NET INFLOWS (Rs Crs)

FIIs DIIs (885.9) 313.4

%Chg
677.06 -549.32

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 7923.64 53526.59 28554.1 1734.46

%Chg
17.04 3.12 0.04 3.26

afternoon deals, witnessed ferocious selling pressure in the wee hours of trade again slipped near day's low level by the end of the trade. Amid across the board selling pressure, stocks from Consumer Durable, Metal and Realty counters were the worst hit during the session. Losses in Metal counters were led by Jindal Steel stocks which plummeted close to 16% on coal scam woes. The Central Bureau of Investigation (CBI) has registered a case against Jindal Steel & Power over coal block allocation and is currently investigating alleged irregularities in the awarding of coal mining rights potentially worth billions of dollars to private companies. Additionally, Titan Industries and other gold stocks edged lower for second consecutive session on concerns about gold imports. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 670: 1691, while 125 scrips remained unchanged. (Provisional). Meanwhile, European shares edged lower on Tuesday, pressured by concerns that the era of plentiful monetary stimulus is coming to an end after the Bank of Japan decided against unveiling fresh measures overnight. The BSE Sensex lost 297.34 points or 1.53% to settle at 19143.73.The index touched a high and a low of 19418.74 and 19121.18 respectively. Among the 30-share Sensex pack, 5 stocks gained, while rest of 24 declined and one stock remain unchanged. (Provisional). Broader indices concluded in red; BSE Mid cap and Small cap indices were down by 1.58% and 1.79% respectively. (Provisional) On the BSE Sectoral front, Consumer Durables down by 7.48%, Metal down by 4.06%, Realty down by 3.65%, Bankex down by 2.30% and Power down by 2.05%, were the top losers, while there were no gainers in the space. India VIX, a gauge for markets short term expectation of volatility gained 7.62% at 19.49 from its previous close of 18.11 on Monday. The CNX Nifty lost 91.35 points or 1.55% to settle at 5,786.65. The index touched high and low of 5,868.05 and 5,780.35 respectively. 11 stocks advanced against 39 declining on the index. (Provisional) Asian markets closed the shop on a weak note after a fresh spike in US interest rates re-ignited concerns about capital flows from the region and forced investors to pare back their Asian portfolios. Japan's Nikkei went home with red mark before the Bank of Japan's policy decision. South Korean market ended lower as decline in Samsung Electronics weighed on the market. Hong Kong's Hang Seng closed lower, led by financial and real estate shares.

World Indices
Dow Jones Nasdaq FTSE 100 15122 3437 6340

%Chg
-0.76 -1.07 -0.94

Commodity
Crude (US$/bl)

%Chg
94.8 1377.1 -1.15 -0.53

Gold (US$/oz) Top 5 Movers AMBUJACEM CIPLA BAJAJ-AUTO GAIL RANBAXY

Close Price
176.15 381.1 1,784.80 305.6 379

%Chg
1.85 1.84 1.01 0.61 0.57

Top 5 Loser
JINDALSTEL HINDALCO TATAPOWER DLF ONGC

Close Price
226.5 94.25 82.3 187.7 308.15

%Chg
-15.25 -6.31 -6.1 -4.23 -4.02

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: It was a complete washout session at D-Street, wherein relentless profit-booking by investors as well as funds houses led to nasty laceration of over one and half percent for benchmark indexes, Sensex and Nifty, which ended sub 19200 and 5800 levels respectively. Indian rupee, which collapsed to fresh historic low's by touching new low levels of Rs 58.96 against the dollar in early deals mainly aggravated hefty position squaring in local equity markets. However, amid the rupee touching a record low of 58.96 to a dollar, the Finance Ministry said it is not unduly disturbed by the fall, and the domestic currency will stabilize in the next 3-4 days with large foreign fund flows. Besides rupee, even mounting jitters ahead of the release of factory output and inflation data ahead of the central bank's review next week, persuaded investors to go short on risky bets and kept markets in tizzy. For the upcoming sessions we believe spot index may shown some bounce back in near term however 5950-6030 could be the resistance zone. On the flip side any negative outcome will further create some panic among traders and we might see 5600-5550 in a short span of time where consolidation cant be rule out. Happy trading.................

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
18590 5712 11144

Support 1
18805 5752 11605

Previous Close
19143 5789 11815

Resistance 1
19388 5844 12190

Resistance 2
19522 5892 12410

Trend
Rangebound Rangebound Rangebound

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Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

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Morning Note
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NAME
Varun Gupta Pashupati Nath Jha Vikram Singh

DESIGNATION
Head - Research Research Analyst Research Analyst

E-MAIL
varungupta@moneysukh.com pashupatinathjha@moneysukh.com vikram_research@moneysukh.com

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Please refer to important disclosures at the end of this report

For Private circulation Only

For Our Clients Only

Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

SEBI RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293