Morning Note

26 March 2013
make more, for sure.

DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 18681 5634 6060 5727 %Chg -0.29 -0.30 -0.33 -0.80

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2145 10106 183755 196006

%Chg
-2.05 -2.38 0.24 0.08

MARKET INSIGHT
On Monday 25 March 2013, Benchmark equity indices made a gap up start following positive

NET INFLOWS (Rs Crs)

FIIs DIIs 717.9 (425.6)

%Chg
-5227.79 215.27

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 13755.77 59266.21 25263.75 3043.80

%Chg
25.17 0.72 1.30 -0.75

World Indices
Dow Jones Nasdaq FTSE 100 14448 3235 6378

%Chg
-0.44 -0.31 -0.23

global cues and also on Finance Minister P. Chidambaram's decision to ease restrictions for foreign institutional investors in government and corporate bonds next month, which besides lifting banking shares, also aided the sentiment at D-street. However, reversal of fortunes took place in the dying hours of trade, after some report suggested of Samajwadi Party leader pulling the plug on UPA, thereby dropping the strongest hint yet of an impending political crisis for the Manmohan Singh-led coalition. Meanwhile, Oil-related shares, which hogged substantial limelight after Indian Oil Corporation (IOC), the country's biggest refiner rose diesel prices by about 1 percent from Saturday, too ended mixed by the close of trade. Sectorally on one hand, Realty, Power and Consumer Durable counters were the top performing indices, Capital Goods, Metal, auto and Banking stocks were the top losers. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 1035: 1876 while 123 scrips remained unchanged. Meanwhile Risk appetite across the globe was bolstered after Cyprus did a last-ditch deal with international lenders for a 10 billion euro bailout hours before a deadline to avert a financial collapse on the Mediterranean island. The BSE Sensex lost 55.21 points or 0.29% to settle at 18680.39.The index touched a high and a low of 18950.22 and 18654.61 respectively. 10 stocks were up, while 20 stocks declined on the index. The BSE Mid cap and Small cap indices ended lower by 0.41% and 0.70% respectively. On the BSE Sectoral front, Realty up by 0.65%, Power up by 0.47%, Consumer Durables up by 0.19% and IT up by 0.03% were the only gainers, while Capital Goods down by 1.63%, Metal down by 0.76%, Auto down by 0.72%, Bankex down by 0.50% and FMCG down by 0.32% were the top losers in the space. (Provisional) India VIX, a gauge for markets short term expectation of volatility lost 5.87% at 15.54 from its previous close of 16.51 on Thursday. The CNX Nifty lost 16.35 points or 0.29% to settle at 5,635.00. The index touched high and low of 5,718.40 and 5,624.40 respectively. 20 stocks advanced against 29 declining stocks and one stock remain unchanged on the index. (Provisional) Asian markets ended mostly higher on Monday after Cyprus and its international lenders reached on an outcome that will qualify the island for a bailout and avoid the collapse of its banking system. Japan's Nikkei went home with green mark, as retailers extended the strong gains they had enjoyed in recent sessions. Hong Kong market closed higher supported by gains in index heavyweights.

Commodity
Crude (US$/bl)

%Chg
94.7 1596.1 0.76 -0.68

Gold (US$/oz) Top 5 Movers DLF NTPC BPCL POWERGRID ONGC

Close Price
242.6 142.15 373.5 104.25 300.8

%Chg
5.04 2.05 2.04 1.76 1.74

Top 5 Loser
BANKBARODA HEROMOTOCO LT TATASTEEL IDFC

Close Price
657.65 1,614.00 1,363.15 313.75 139.8

%Chg
-2.81 -2.75 -2.57 -2.52 -2.34

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: After trading steady for almost entire part of the session, benchmark equity indices slipped in red terrain in the late hours of trade on account of profit-booking. Prolonging six consecutive sessions' losing streak, benchmark equity indices failed to negotiate a positive close, as wary investors preferred rounding off their position at the start of the F&O expiry week. Concerns that other allies too could withdraw support from the ruling coalition, after the withdrawal of the Dravida Munnetra Kazhagam (DMK) party last week, mainly got the investors nervous. Thus underperforming the globe, benchmark 30 share index Sensex, on Bombay Stock Exchange (BSE), lost over quarter percent, to conclude below the psychological 18700 level. Similarly, 50 share index, Nifty, on National Stock Exchange (NSE), too loosing over 0.25%, ended below the crucial 5650 bastion. For the upcoming sessions we expect some consolidation around 5610-5630 level although sentiments remain buoyant. Any substantial break down below this range may further boost the traderss sentiment and we might see 5555-5510 in a short span of time. On the flip side 5950-5980 could be the upper range for the current series.

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
18410 5578 10784

Support 1
18565 5612 11004

Previous Close
18681 5634 11162

Resistance 1
18995 5695 11477

Resistance 2
19118 5744 11622

Trend
Rangebound Rangebound Rangebound

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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