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Morning Note

23 OCT 2012
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DATA MATRIX OF LAST SESSION


INDEX Sensex Nifty Midcap Smallcap Close 18793 5717 6665 7192 %Chg 0.59 0.58 -0.10 0.31

FIRST LIGHT HEADINGS


Infosys completes acquisition of Lodestone Holding Plan panel seeks clarity on coal blocks allocation to PSUs India Bulls Financial Services declares interim dividend( rs 2/sh) Coromandel International reports 16% fall in Q2 consolidated net profit Datamatics Global Services amongst 6th fastest growing software company in India Rane Engine Valve reports net loss of Rs 3.51 crore in Q2 Bharti Airtel to use Aadhaar for mobile connections

VALUE TRADED (Rs Crs)


BSE NSE F& O Total Total Volume 1817 9293 172907 184017

%Chg
-17.03 -12.46 3.18 2.02

MARKET INSIGHT
On Monday 22 Oct 2012, On the global front, Asian pacific shares staged a mixed close, with poor U.S. earnings weighing on the sentiment. Additionally dismal Japan's exports data too added to the pessimistic milieu. Data released on Monday showed Japan posted a Y558.6 billion trade deficit in September, slightly wider than the Y547.9 billion deficit expected. Exports to China dropped 14.1% on-year amid the latest territorial flare-up between Tokyo and Beijing, sharper than the previous month's 9.9% decline and marking the fourth consecutive month of contraction. Meanwhile, European shares paring early losses turned positive on Monday, as renewed expectations that Spain was moving closer to seeking a bailout eclipsed worries over corporate results. Back home, Capital Goods, Bankex, Health Care and Information Technology stocks, emerging as top buyer's mainly fueled the rally. Hopes that Reserve Bank of India would call for rate cut in its upcoming second quarterly monetary policy review beefed up banking shares while, IT stocks rose across the board after TCS' strong Q2 results. On consolidated basis, the company has posted a rise of 49.25% in its net profit at Rs 3434.37 crore for the quarter ended September 30, 2012 as compared to Rs 2301.00 crore for the same quarter in the previous year..

NET INFLOWS (Rs Crs)


FIIs DIIs 241.7 (137.9)

%Chg
202.10 -223.12

FII OPEN INTEREST (Crs)


FII Index Futures FII Index Options FII Stock Futures FII Stock Options 17986.52 52699.12 32402.93 2731.43

%Chg
15.13 -0.30 3.19 -6.46

World Indices
Dow Jones Nasdaq FTSE 100 13346 3017 5883

%Chg
0.01 0.37 -0.22

Commodity
Crude (US$/bl)

%Chg
88.9 1726.6 -1.26 0.27

The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 1380:1462 while 134 scrips remained unchanged. The BSE Sensex gained 110.15 points or 0.59% and settled at 18,792.46. The index touched a high and a low of 18,809.28 and 18,600.88 respectively. 20 stocks were seen advancing while 10 stocks were declining on the index . The BSE Mid-cap index was down by 0.22% while Small-cap index was up 0.35%. (Provisional) On the BSE Sectoral front, Capital goods up 1.39%, Health Care up 1.07%, Bankex up 0.95%, IT up by 0.91% and TECk up by 0.80%were the top gainers, while Consumer Durable down by 0.69%, FMCG down by 0.61%, Auto down by 0.20%, PSU down by 0.09% and Metal down by 0.07% were the top losers in the space. India VIX, a gauge for markets short term expectation of volatility lost 10.31% at 13.04 from its previous close of 14.54 on Friday. The S&P CNX Nifty gained 30.40 points or 0.53% to settle at 5,714.65. The index touched high and low of 5,721.55 and 5,658.05 respectively. 33 stocks advanced against 17 declining ones on the index. (Provisional) Asian shares closed mixed on Monday on profit booking after last week's healthy gains, which came because of data indicating China's economy will pick up in coming years. Moreover, heavy losses on Wall Street pressurized the markets to an extent. Japan's Nikkei ended marginally up saddled by widening of trade deficit in September. Shanghai Composite went home with green mark ahead of key corporate earnings this week, while Hong Kong's Hang Seng index closed in positive territory. However, Seoul shares ended marginally down.

Gold (US$/oz) Top 5 Movers JPASSOCIAT LT TCS NTPC BHARTIARTL

Close Price
95.95 1,670.10 1,318.90 169.8 272.25

%Chg
2.62 2.27 2.26 2.1 1.93

Top 5 Loser
BANKBARODA JINDALSTEL HEROMOTOCO ITC AMBUJACEM

Close Price
780.45 399.40 1,819.10 292.7 203.75

%Chg
-2.06 -1.99 -1.67 -1.61 -1.43

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Mansukh Securities and Finance Ltd

Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS : Reversal of trend in the noon deals led to a positive close for benchmark equity indices on the result heavy session at Dalal Street. Lacking any cues from global front, gains of index heavyweights such Reliance Industries, TCS and L&T mainly spelled optimism in Indian equity markets, which after getting a negative start, mustered quite a lot of gains to conclude in vicinity of high point of the day. With the start of F&O expiry week, 30 share index, Sensex, accumulated over 100 points, to conclude above the 18700 mark. Similarly, the widely followed index, Nifty, also puffed up gains of over quarter points to conclude above the psychological 5700 mark. For the upcoming sessions we believe spot index may continue its northward journey though next level of resistance could be around 5850-5870. Any break out above this range with substantial volumes may further boost the current sentiment . On the flip side 5380-5400 still act as a crucial support level. HAPPY TRADING.....

TODAY'S MARKET LEVELS


Index
SENSEX NIFTY BANKNIFTY

Support 2
18415 5612 11270

Support 1
18605 5660 11405

Previous Close
18793 5717 11620

Resistance 1
18922 5758 11779

Resistance 2
19098 5796 11985

Trend
Rangebound Rangebound Rangebound

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For Private circulation Only

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SEBISEBI RegnINB 010985834, F&O: INF 010985834 Reg.No: BSE: No. BSE: INB010985834 / NSE: INB230781431 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, INPMS Regn No. INP000002387 Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

Mansukh Securities and Finance Ltd

Website: www.moneysukh.com

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

SEBI SEBI Regn No. BSE: INB010985834 / NSE: INB230781431 Reg.No: BSE: INB 010985834, F&O: INF 010985834 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, INPMS Regn No. INP000002387 Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

Mansukh Securities and Finance Ltd

Website: www.moneysukh.com