Morning Note

17 April 2013
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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 18745 5689 6161 5923 %Chg 2.11 2.15 0.85 0.42

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1889 10710 193806 206405

%Chg
-2.23 -6.35 22.16 19.99

MARKET INSIGHT
On Tuesday 16 Apr 2013, Closer home, with extensive buying, most of the sectoral indices

NET INFLOWS (Rs Crs)

FIIs DIIs 591.8 (204.9)

%Chg
-241.44 -168.94

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 12303.19 52584.60 24408.64 3016.76

%Chg
-7.15 3.24 2.58 10.02

World Indices
Dow Jones Nasdaq FTSE 100 14757 3265 6305

%Chg
1.08 1.52 -0.61

were up in green with impressive gains. Banking, Auto and Capital Goods space were among the most prominent gainers. However, IT and Technology counters were the dark spots. Rate sensitive Auto and banking counters rallied on hopes that Reserve Bank of India would now have room to ease monetary policy for a third time this year. Additionally, telecom stocks too were in demand. Bharti Airtel, Idea Cellular and Reliance Communications edged higher in the range of 1-6%. Further, PSU OMCs, BPCL, HPCL and IOC edged higher as crude oil hits 4month low. Further, stocks related to power sector ended higher after the Central Electricity Regulatory Commission (CERC), the electricity regulator directed five state governments to compensate Tata Power for the losses it incurred from importing coal for its 4,000 mw Mundra ultra mega power project (UMPP). The market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1338: 1024 while 147 scrips remained unchanged. On the global front, Asian stock markets trimmed most of their losses on Tuesday as some bargainhunting kicked in after early decline in the day, however, miners and gold producers underperformed amid the recent sharp fall in commodity prices. Additionally, European shares fell early on Tuesday, declining for the third consecutive session, mirroring a sharp selloff in US stocks and commodity prices as mounting worries over the pace of global growth rattles investors. The BSE Sensex gained 387.13 points or 2.11% to settle at 18744.93.The index touched a high and a low of 18771.33 and 18325.73respectively. 28 stocks were up, while 2 stocks declined on the index. The BSE Mid cap and Small cap indices ended higher by 0.86% and 0.43% respectively. On the BSE Sectoral front, Bankex up by 2.94%, Auto up by 2.54%, Capital Goods up by 2.53%, Power up by 2.42% and Realty up by 2.29% were the top gainers, while IT down by 0.50% and Teck down by 0.09% were the only loser in the space. (Provisional) India VIX, a gauge for markets short term expectation of volatility lost 2.16% at 16.25 from its previous close of 16.61 on Monday. The CNX Nifty gained 116.55 points or 2.09% to settle at 5,684.95. The index touched high and low of 5,699.25 and 5,555.85 respectively. 46 stocks advanced against 4 declining on the index. (Provisional)
Snapping earlier losses, Asian stock markets ended mostly higher on Tuesday but investors were still worried about China's slowing economy, while miners and gold producers underperformed amid sharp declines in commodity prices. Stocks in China went home with green mark, digesting Monday's weak economic data. Shares in Seoul closed higher as investors sentiments were boosted with an additional government spending. However, Japanese shares ended lower as the yen appreciated.

Commodity
Crude (US$/bl)

%Chg
88.7 1378.8 2.08 2.38

Gold (US$/oz) Top 5 Movers IDFC AXISBANK INDUSINDBK MARUTI M&M

Close Price
154.5 1,357.20 419.65 1,485.00 845

%Chg
5.39 4.87 4.4 4.36 3.94

Top 5 Loser
INFY HCLTECH CAIRN LUPIN

Close Price
2,293.00 762.4 289.1 657.35

%Chg
-1.97 -0.33 -0.33 -0.02

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Extending previous session's jubilant run, Indian equity markets put up a mesmerizing show on Tuesday on the back of positive domestic news flow, which encouraged investors to go long on risky equities regardless of mixed global set-up. In the highly optimistic session of trade, benchmark equity indices after getting a cautious start, went on gaining ground only to conclude near the day's high point. Registering its biggest one day gain in 6 months, benchmark 30 share index, Sensex rallied over 350 points, to conclude above the long lost 18700 mark, while Nifty shooting up over 100 points ended past just shy of 5700 level. Broader indices too ended in green, but with lesser magnitude of gains as compared to frontline equity indices. Both Midcap and Smallcap index went home with gains of over half a percent. For the upcoming sessions next support levels could be near 5360-5410 where consolidation cant be rule out. Any fall below this range with decisive volumes may further shattered the traders sentiment and we might see5180-5200 in a short span of time. On the flip side 5855 followed by 5960 could be the crucial resistance levels.

Index
SENSEX NIFTY BANKNIFTY

Support 2
18022 5552 11190

Support 1
18302 5612 11405

Previous Close
18745 5689 11870

Resistance 1
18997 5748 11995

Resistance 2
19310 5796 12258

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