Morning Note

13 MAY 2013
make more, for sure.

FIRST LIGHT HEADINGS

INDEX Sensex Nifty Midcap Smallcap Close 20098 6099 6531 6171 %Chg 0.80 0.81 0.37 0.29

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 3414 9715 119962 133091

%Chg
70.53 -3.67 8.69 8.68

MARKET INSIGHT
On Friday 10 May 2013, Strength of Auto, Consumer Durables and Fast Moving Consumer

NET INFLOWS (Rs Crs)

FIIs DIIs 544.0 (502.0)

%Chg
-17.95 6.13

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 15046.28 57542.04 27037.96 3184.69

%Chg
6.38 3.52 2.34 2.78

World Indices
Dow Jones Nasdaq FTSE 100 15118 3437 6625

%Chg
0.24 0.82 0.49

Good counters supported the bourses. The expectation that India's main inflation gauge, Wholesale Price Index data (WPI), which will be released on May 14, 2013, would ease for a third straight month in April, also provided some fillip to the equity markets. Meanwhile, rally of PSU Oil Marketing Companies (OMCs) also added to the optimism. BPCL, HPCL and IOC stocks rallied on the hopes that the diesel prices might be hiked by Rs 1 per litre in the next 24 hours. On the flip side, stocks from Power and Metal counters were the dark spot of the trade. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 821: 885, while 69 scrips remained unchanged. Meanwhile, on the global front, European equities punched fresh five-year highs on Friday, continuing to draw support from central bank stimulus with steelmaker Arcelor Mittal and telecoms group BT jumping on strong earnings. Investors in the region were also looking to a meeting of Group of Seven finance chiefs for reaffirmation of policymakers' commitment to economic stimulus - the key driver of equities' 11-month long rally - and for clues on possible further measures from central banks. The BSE Sensex gained 134.54 points or 0.67% to settle at 20,073.58.The index touched a high and a low of 20,119.14and 19,908.80 respectively. Among the 30-share Sensex pack, 18 stocks gained while rest of them declined (Provisional). The BSE Mid cap and Small cap indices ended higher by 0.15% and 0.14% respectively. On the BSE Sectoral front, Consumer Durables up by 2.18%, Auto up by 2.14%, FMCG up by 1.44%, Bankex up by 1.30% and Health Care up by 0.49% were the top gainers, while Power down by 0.56%, Metal down by 0.26% and Capital Goods down by 0.14%, were the only losers in the space. (Provisional) India VIX, a gauge for markets short term expectation of volatility gained 1.56% at 16.86 from its previous close of 16.60 on Thursday. The CNX Nifty gained 41.85 points or 0.69% to settle at 6,092.00. The index touched high and low of 6,105.30 and 6,045.60 respectively. 32 stocks advanced against 17 declining and one stock remains unchanged on the index. (Provisional) Asian equity markets ended mostly up with Japanese stocks jumped to their highest level in over five years after the dollar surged above the 100 yen mark and US jobs data boosted sentiment. Bucking the trend Seoul market closed lower amid worries among South Korean automakers about the weak yen cheapening Japan's exports. Chinese market ended higher as heavyweight bank and real estate stocks gained on expected solid profit growth. Hong Kong shares finished trade on firm note, following impressive gains of other bourses.

Commodity
Crude (US$/bl)

%Chg
96.0 1447.0 0.00 -0.69

Gold (US$/oz) Top 5 Movers DRREDDY SUNPHARMA COALINDIA BPCL CIPLA

Close Price
2068.85 952.5 303.4 418.85 401.2

%Chg
2.3 1.87 1.23 0.92 0.92

Top 5 Loser
TATAMOTORS GAIL NTPC AMBUJACEM TCS

Close Price
306.9 340.05 154 188.6 1,489.80

%Chg
-0.7 -0.66 -0.65 -0.5 -0.41

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: March industrial production growth aided Indian equity markets in resuming their rally, which led benchmark equity indices once again end near their record highs for 2013. After taking a breather in the previous session, markets picked up pace mainly in afternoon deals that prompted 30 share index, Sensex to close above the psychological 20,050 mark and 50 share index, Nifty briefly cross the 6100 bastion, a level last seen on January 29, 2013. Although, the markets did gain some momentum in the early deals, but dipped to intra-day low level with the release of in-line March IIP data. Post recovering from intra-day low level it remained in consolidation mood till the time of European markets opening which spelled some optimism into D-street. Meanwhile, broader indices despite outperforming the benchmarks till afternoon deals failed to pick up with the peers, though ended with some gains. For the upcoming sessions we believe spot index may continue its upward journey however 6120-6130 could be the near term targets where we might see some sort of profit booking. Moreover any decisive break out above this range with substantial volumes may further boost the sentiment and we might see 6250-6260 in a short span of time..............

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
19664 5953 12205

Support 1
19805 6022 12455

Previous Close
20098 6099 12724

Resistance 1
20345 6136 12904

Resistance 2
20555 6188 13156

Trend
Rangebound Rangebound Rangebound

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

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