Morning Note

20 MAY 2013
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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 20286 6187 6614 6199 %Chg 0.19 0.28 0.33 0.13

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2135 11376 121778 135289

%Chg
-10.56 -10.40 -7.26 -7.58

MARKET INSIGHT
On Friday 17 May 2013, The stocks from Power, Capital Goods and Realty Counters, were the

NET INFLOWS (Rs Crs)

FIIs DIIs 868.0 (717.0)

%Chg
-18.88 83.85

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 17201.46 64312.95 29824.07 3968.14

%Chg
-0.73 2.72 1.57 4.45

World Indices
Dow Jones Nasdaq FTSE 100 15354 3498 6723

%Chg
0.79 0.95 0.52

major pockets of strength. Nevertheless, recovery of Banking pivotal also aided the sentiment at D-street. Banking shares were trading downbeat in early deals after two straight days of gains sparked by rising hopes the Reserve Bank of India cutting interest rates as early as June. Additionally, Ambuja Cements, ACC, Ultratech Cement ended positive even as Competition Appellate Tribunal (COMPAT) levied 10 per cent penalty of Rs 6,300 crore on cement companies, which needs to be paid within a month. COMPAT granted a stay on the penalty of Rs 1,163 crore levied on Ambuja Cements. However, Ambuja Cements has been asked to deposit Rs 116.30 crore, amounting to 10% of the penalty, within four weeks. On the flip side, Health Care, Consumer Durables, Metal counters limited the further upturn of the bourses. Meanwhile, select Pharma stocks too came under the pressure after the government formally notified a new drug pricing policy designed to increase the number of drugs deemed essential that are subject to price caps. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 1112: 1245, while 142 scrips remained unchanged. On the global front, The BSE Sensex gained 27.56 points or 0.14% to settle at 20274.89.The index touched a high and a low of 20328.19 and 20155.01 respectively. Among the 30-share Sensex pack, 16 stocks gained while rest of them declined (Provisional). The BSE Mid cap and Small cap indices ended higher by 0.32% and 0.09% respectively. On the BSE Sectoral front, Power up by 3.37%, Capital Goods up by 3.28%, Realty up by 1.89%, PSU up by 0.63% and Bankex up by 0.42% were the top gainers, while Health Care down by 0.60%, Consumer Durables down by 0.49%, Metal down by 0.37%, Teck down by 0.13% and FMCG down by 0.04%, were the only losers in the space. (Provisional) India VIX, a gauge for markets short term expectation of volatility lost 2.15% at 17.74 from its previous close of 17.45 on Wednesday. The CNX Nifty gained 22.60 points or 0.37% to settle at 6,169.35. The index touched high and low of 6,187.30 and 6,128.25 respectively. 29 stocks advanced against 21 declining and one stock remains unchanged on the index. (Provisional) Asian stock markets ended mostly higher on Friday, with Japanese market rising as the yen's slight decline triggered some buying at lower levels. Chinese market went home with green mark for a second straight session on Friday as investors cheered moves by the government to ease strict regulation Taiwan market closed lower as the market encountered stiff technical resistance ahead of 8,400 points. Markets in Hong Kong and South Korea are closed for holidays.

Commodity
Crude (US$/bl)

%Chg
96.0 1361.0 1.05 -1.45

Gold (US$/oz) Top 5 Movers BHEL RELINFRA JPASSOCIAT DLF NTPC

Close Price
203.5 429.5 82.2 249.4 160.35

%Chg
5.06 3.05 2.69 2.68 2.49

Top 5 Loser
INDUSINDBK HCLTECH DRREDDY BHARTIARTL NMDC

Close Price
511 721 2076.05 315.55 122.50

%Chg
-2.58 -2.42 -2.02 -1.85 -1.65

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: It turned out to be a volatile session of trade at D-street, wherein benchmark equity indices slipped below the neutral line for several times. However, benchmark equity indices, managed to go home with green mark for the session, but for the week negotiated handsome gains of around a percent. Benchmark 30 share index edging slightly and concluded above 20,200 psychological levels. While, 50 share index Nifty gaining close to quarter of percent, ended above the crucial 6150 bastion. Meanwhile, midcap and Small cap indices too ended in green. Some respite on account of S&P affirming the current 'BBB-'rating to India, mainly helped in a positive close for equity markets. However, the global agency, besides maintaining the outlook as negative, underscored 1 out of 3 chances in rating downgrade for India in coming 12 months. For the upcoming sessions we believe spot index may continue its upward journey however 6160-6170 could be the near term targets where we might see some sort of consolidation. Moreover any decisive break out above this range with substantial volumes may further boost the sentiment and we might see 6280-6290 in a short span of time..............

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
19606 6022 12590

Support 1
19905 6080 12805

Previous Close
20286 6187 13250

Resistance 1
20560 6248 13474

Resistance 2
20810 6296 13690

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