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Money Morning

14 July 2015

Indian Indices

Index

% Change
Last Close

Page No.

Page No.

2

Corporate News

Macro-Economic News

2

Bulk Deals

5

Derivative Corner

3

Price Shockers

5

8522

8511

6000

8460

4000
2000
0

1.2

1.1

2.1

CNX Midcap

13,433

1.3

3.3

6.8

CNX IT

10,999

1.9

(0.3)

(1.9)

Bankex

18,894

0.9

3.3

0.8

Auto

18,698

1.6

(0.1)

0.4

Metal

8,916

0.5

(4.5)

(17.1)

FMCG

7,789

1.1

0.0

1.1

% Change

(2000)

8329

3.8

(5.9)

24.4

Nikkei 225

20,090

3.1

0.8

16.9

3,311

1.1

0.0

(1.4)

8500

1.0

(4.2)

6.6

8450

DJIA

17,978

1.2

2.0

0.9

S&P 500

2,100

1.1

1.8

2.0

FTSE

6,738

1.0

3.3

2.6

(0.0)

1.4

7.3

8300

(6000)

8200
10-Jul

YTD

3,970

25,224

8250
9-Jul

MTD

Shanghai

Hang Seng

(4000)
8-Jul

Dollar Index

97

Live Markets
Shanghai
Current Quote

13-Jul

4,024

% Change
FII (LHS)

MF (LHS)

1 Day

Straits Times

8350

8361

7-Jul

1.7

8,460

8550

8400

8363

6-Jul

0.6

Last Close

Provisional Figures for Investments

8000

YTD

1.1

Global Indices

Nifty vs Institutional Movement
(` Mn)

MTD

27,961

Sensex
Nifty

4

Event Calendar

1 Day

1.3%

As on 08:15 hours IST
Hang
Nikkei SGX Nifty
Seng
20,392
1.5%

8,487
0.0%

25,155
(0.3%)

Nifty (RHS)

Volumes

Moving Average (Rs bn)

Source: NSE

1 Day

5 Day

30 Day

BSE CASH

25

30

28

NSE CASH

143

133

148

2090

1723

2254

NSE F&O

Nifty vs India VIX
Institutional Activities (Net)

8550
8500

8522

19.0

8511

8485

17.8

17.4

8460

MTD

(Rs bn)

5.3

6.3

187.7

MF

(Rs bn)

(1.7)

(7.4)

249.7

Bond Market

16.3

16.0

16.3

16.3
8363

8300

16.0

10Yr Yield (G-Sec)

8250

14.0

8200

13.0
6-Jul

7-Jul

8-Jul

9-Jul

10-Jul

1M

1 Yr

7.87

7.86

7.86

% Change

15.0

Last Close

8329

3-Jul

1 Day

Currency Market

8361

MTD

YTD

(0.2)

0.2

(0.7)

70.33

0.8

1.2

8.9

98.79

(0.3)

1.3

(0.5)

Close

1 Day

INR/USD

63.52

INR/EURO
INR/GBP

1day

13-Jul
Commodities Update

Nifty Spot (LHS)

YTD

Historical Data (%)

17.0

8400
8350

1 Day
FII

18.0

17.1

8450

Spot market

INDIA VIX (RHS)

Unit

MTD

YTD

$/Bbl

52

(0.8)

(13.0)

(2.8)

Gold (OTC)

$/Oz

1,156

(0.2)

(1.4)

(2.4)

Copper (LME)

$/MT

5,574

(0.1)

(3.1)

(12.5)

Aluminum (LME)

$/MT

1,673

1.0

1.3

(8.3)

Sugar (LIFFE)

$/MT

374

0.3

1.0

(4.4)

Zinc (LME)

$/MT

2,053

2.1

2.7

(5.7)

900

3.0

12.5

15.1

Crude Oil(NYME)

Source: NSE

% Change

Baltic Dry Index
Source: Bloomberg

Aditya Birla Money Limited
Cello Triumph, Unit No. 502-503 & 505 | I. B. Patel Road | off W.E. Highway | Goregaon (East) | Mumbai - 400063 | Tel: +91 22 61802800

Page No: 1

Inventories of petroleum and petroleum products soared by 4. reversing a 0. The Reserve Bank of India's monetary policy agreement estimated earlier.4% drop. confirming the inflation accelerated to 5.9% in May.9% from the previous month.97% of IIFL and has an economic interest in another approximately 5.3 %. On an unadjusted basis. Economists had forecast a 5. Source: Economic Times.2%. It was the fourth consecutive monthly fall. The data. as per the deal offer. DNA Money. Business Line. which surged up by 1. it dipped 6. FIH will. acquire 26% of the outstanding shares of IIFL for an aggregate consideration of INR 16.21 Billion (approximately US$ 255 million at current exchange rates) by way of the Offer.The report said inventories of durable goods also climbed by 0.48 % from 4. Bloomberg. RTT News Aditya Birla Money Limited Cello Triumph.1% mere increase in April. Food price preliminary report. B. formerly India Infoline Limited. inventory ratio climbed 1. Mint. In April.4 %. cooling expectations that the central bank may reduce over-month in May. industrial production slipped 3.shipments in May consumer price index rose 5. Fairfax Financial Holdings Limited ("Fairfax"). 502-503 & 505 | I. implying limited upside for the stock. Wholesale Inventories Rise More Than Expected In May The report said wholesale inventories increased by 0. Medium to long term positive for IIFL Fairfax India Holdings Corporation ("Fairfax India") announces that its wholly-owned subsidiary. Current market price is Rs 188/share. production had risen 1.The bigger than expected increase in wholesale inventories was partly due to a jump in inventories of non-durable goods.Money Morning 14 July 2015 Corporate News/Results Corner As per media sources.852 equity shares of IIFL Holdings Limited ("IIFL").80% in the previous flash data. while inventories of drugs and druggists' sundries surged up by 2.E.01 % climb decreased 1. Times of India.1% increase.0% decline in the preceding month. Patel Road | off W. The Offer is expected to close later this year subject to receipt of regulatory approvals in India. The Commerce Department also said wholesale sales rose by 0. Highway | Goregaon (East) | Mumbai .4% in April.2 % drop in the flash interest rates further.3 % in May after surging up by 1. Fairfax India was established by Fairfax to invest in businesses in India with a view to long-term capital appreciation. Unit No.9 %. Macro-Economic and Other News International News India June CPI Inflation Exceeds Forecast Japan Industrial Production Falls Less Than Estimate India's consumer price inflation accelerated more-than-expected Industrial production declined a seasonally adjusted 2. with the government unveiled this year targets inflation at 6% by On an annual basis. We expect the deal to have positive impact on IIFL in medium to long term. came in line with in May. together with certain of its affiliates. revised down from a 2. has issued a public announcement of an open offer to acquire up to approximately 83. faster than prior month's 0.S. Economists had expected inventories to rise by 0.7 %. at a price of INR 195 per share (approximately US$ 3. Fairfax India is familiar with IIFL through Fairfax's long-standing prior ownership interest in IIFL and is executing on its strategy by making this Offer. as month. Business Standard.40 % annually after a 5.128. following a 1. January 2016 and at 4% by the end of 2017-18. The capacity utilization rate slid a seasonally adjusted 3.2 %. U. official figures revealed Monday. currently owns approximately 8. Fairfax India offer to acquire 26% of IIFL Holdings Limited – Deal likely to be at Rs 195/share.8 % in May.07 per share at current exchange rates) other than those shares already owned by it and its affiliates according to regulations of the Securities and Exchange Board of India for substantial acquisitions of shares and takeovers (the "Offer").1 % month- in June.24% of IIFL through derivative instruments (all acquired prior to the establishment of Fairfax India). Fairfax India's parent.400063 | Tel: +91 22 61802800 Page No: 2 . reflecting notable increases in inventories of computer equipment and software and motor vehicle parts and supplies.6%. Assuming full acceptances in the Offer. At the same time. Inventories fell 0. FIH Mauritius Investments Ltd ("FIH").7% in April. Financial Express.0% in May.8% from the previous year.8 % in May after rising by 0.

400063 | Tel: +91 22 61802800 Page No: 3 . Highway | Goregaon (East) | Mumbai .E. Patel Road | off W. B.Money Morning 14 July 2015 Nifty Grid % Change in Price < Short Covering` Daily Price Change (%) 2 BPCL HDFC NTPC RELINFRA HCLTECH MARUTI ASIANPAINT GAIL CAIRN NMDC IDFC HINDALCO POWERGRID TATASTEEL HEROMOTOCO TCS DLF SUNPHARMA GRASIM SBIN CIPLA ULTRACEMCO INFY ITC BAJAJ-AUTO M&M TATAPOWER HINDUNILVR AXISBANK BANKBARODA BHEL HDFCBANK ICICIBANK RELIANCE TATAMOTORS PNB DRREDDY KOTAKBANK TECHM LUPIN BHARTIARTL AMBUJACEM Long Built Up INDUSINDBK 1 ACC 0 Profit Booking / long Unwind LT COALINDIA (1) Short Built Up ` JINDALSTEL (2) < ONGC < -10 -5 0 5 Daily % Change in Open Interest* (Futures Current month) 10 > Note: Summation of three series of future Aditya Birla Money Limited Cello Triumph. Unit No. 502-503 & 505 | I.

Prior5.10% . China Prior -6.10% .30% CPI YOY Jun ( Exp 0.Money Morning 14 July 2015 Event Calendar Economy Monday 13th July Domestic CPI YOY Jun (Actual Tues 14th July Wed 15th July Thurs 16th July UK: UK: US: CPI MOM Jun ( Claimant Count Rate Initial Jobless Claims Exp 0. Highway | Goregaon (East) | Mumbai .40%.10%) CPI MOM Jun ( Exp CPI YOY Jun ( Exp 0. Prior 0.30%) Continuing Claims CPI YOY Jun ( Exp Jobless Claims June (Prior2334K) 0. B.10% . Prior JUN ( Exp 2.10%. Patel Road | off W. Prior 0.0K . June (Prior297 K) 0.00%) -0. Unit No.40% Exp 5.10%) Change Friday 17hJuly 5. 502-503 & 505 | I.00 % .01%) Global Germany : Jun ( Exp -8.5K) Industrial Production YoY CPI MOM Jun ( Exp June ( Exp 6. Prior - France: 0.400063 | Tel: +91 22 61802800 Page No: 4 .20%) Prior 2. Prior0.E.30% .20%) 0. Prior 0.30% .30%) Source: Bloomberg Aditya Birla Money Limited Cello Triumph.

Jhaveri Trading And Investment Pvt.9 7.7 11.5 6.9 SINTEX 33.1 3.123. B.1 (2.3 KAILASH 11.7) JPINFRATEC 17.400063 | Tel: +91 22 61802800 Page No: 5 .5 4.9) (1.4) (21.6 4.3 SUPREMEIND 645.7 (14.3 PMCFIN SAIL 6.5 183.7 FRL 107.8 (6.4 (4.7 5.1 23.3 CENTRALBK 110.7 6.8) (1. Sharon Bio-Medi Ltd NA Qty Price 204042 107.1 RTNPOWER 7.8 (10.3 4.5 1.9 (0.7) (1.5 4.8 148.2 ARVIND 280.7 5.5) 5.3 4. 502-503 & 505 | I.2) (5.93 36000 909.12 2063000 21.6 28.8) 101.3) DELTACORP APOLLOTYRE 78.A.Money Morning 14 July 2015 Bulk Deal Company Acquirer Good Luck Steel Tubes Ltd Pure Share Consultant(India) Pvt Ltd Granules India Limited NA Lambodhara Textiles Ltd.1) (1.E.3 28.4 BHUSANSTL DCBBANK 147.9) 6.5) (2.7 SRTRANSFIN BAJAJHLDNG 924.7 RALLIS 254.1 (0.0) (1.0 MOTHERSUMI KEC Close price (`) Change Price (`) Change Price (%) 68.4 HCC 23.45 Seller Qty Price Pure Share Consultant(India) Pvt Ltd 204042 107.3) (1.0 (1. Unit No. Ltd.1) (0.6) 11. Highway | Goregaon (East) | Mumbai .3 (0.7 (3.5 (0.0 58.5) BHARATFORG 1.4 49.427.5 TVSMOTOR 270.9 (3.2) COX&KINGS 277.0 6.5) (1.0) FSL Source: BSE Aditya Birla Money Limited Cello Triumph.5 4.4) (1.4 DISHTV 109.5) (1.97 Morgan Stanley Asia (Singapore) Pte 1498802 85.8) (1.0) PVR 712. = Not Available Source: BSE & NSE Price Shockers Gainers Company Close price (`) Change Price (`) Losers Change Price (%) Company NIITTECH 417.5 (0.9) 13.6) 528.2) (5.4 7.2) (1.7 4.2) (2.6 5. Patel Road | off W.2 9.7 2.6 GRUH 249.6 4.2 ONGC 290.8 6.6 4.3) WELCORP 129.75 NA Kala Asha Mohan N.

com Soni Patnaik Derivative Analyst 022-61802832 soni. 502-503 & 505 | I. B.com Mohan Jaiswal Executive – Research Support 022-61802838 mohan.com Pradeep Parkar Database Analyst 022-61207625 pradeep.patnaik@adityabirla.hajiani@adityabirla.com Suresh Gardas Advisory Desk 022-61207619 suresh.jaiswal@adityabirla.vora@adityabirla.com Quantitative Team Advisory Support ABML research is also accessible in Bloomberg at ABMR Aditya Birla Money Limited Cello Triumph.Money Morning 14 July 2015 Research Team Vivek Mahajan Hemant Thukral Head of Research Head – Derivatives Desk 022-61802820 022-61802870 vivek. Patel Road | off W.Technical Analyst 022-61802837 sudeep.400063 | Tel: +91 22 61802800 Page No: 6 .agrawal@adityabirla.gardas@adityabirla.com Salim Hajiani Advisory Desk 022-61207618 salim.com Sudeep Shah Sr.m@adityabirla.com Jaymin Trivedi Banking & Finance 022-61802833 jaymin.mahajan@adityabirla.parkar@adityabirla.com Fundamental Team Sunny Agrawal FMCG/Cement/Mid Caps 022-61802831 sunny.E.com Rahil Vora Technical Analyst 022-61802834 rahil.com hemant. Highway | Goregaon (East) | Mumbai .thukral@adityabirla.shah@adityabirla.com Shreyans Mehta Construction/Real Estate 022-61802829 shreyans. Unit No.trivedi@adityabirla.

No reliance may be placed for any purpose whatsoever on the information contained in this document or on its completeness. its directors. The information . views contained in this document are as per prevailing conditions and are of the date of appearing on this material only and are subject to change. Past performance is no guarantee and does not indicate or guide to future performance. This document or information mentioned therefore should not form the basis of and should not be relied upon in connection with making any investment. This document is for general information purposes only and does not constitute an investment advice or an offer to sell or solicitation of an offer to buy / sell any security and is not intended for distribution in countries where distribution of such material is subject to any licensing. Unit No. or a solicitation of any type.Money Morning 14 July 2015 Disclaimer: This document is not for public distribution and is meant solely for the personal information of the authorised recipient. The views and opinions expressed herein by the author in the document are his own and do not reflect the views of Aditya Birla Money Limited or any of its associate or group companies. or an opinion regarding the appropriateness of any investment. legal.400063 | Tel: +91 22 61802800 Page No: 7 . tax or investment advice. Neither Aditya Birla Money Limited (ABML) nor any person connected with it accepts any liability or loss arising from the use of this document. registration or other legal requirements. The recipients should therefore obtain your own professional. Aditya Birla Money Limited. Nothing in this document is intended to constitute legal.E. opinion. tax and financial advice and assessment of their risk profile and financial condition before considering any decision. its associate and group companies. The information set out herein may be subject to updating. employees from time to time may have various interests/ positions in any of the securities of the Company(ies) mentioned therein or be engaged in any other transactions involving such securities or otherwise in other securities of the companies / organisation mentioned in the document or may have other potential conflict of interest with respect of any recommendation and / related information and opinions. Persons into whose possession this document may come are required to observe these restrictions. Patel Road | off W. 502-503 & 505 | I. transmitted. completion. The investment may not be suited to all the categories of investors. associates. The contents in this document are intended for general information purposes only. B. No part of the information must be altered. Highway | Goregaon (East) | Mumbai . copied. revision. Aditya Birla Money Limited Cello Triumph. verification and amendment and such information may change materially. distributed or reproduced in any form to any other person.