DailyDossier

22 February 2012

IndicesPerformance
Index
Sensex Nifty CNXMidcap CNX500 BSESmallcap

FinancialMarket&EconomicUpdate
22Feb12 PreviousClose
18,145 5,505 18,429 5,607 7,981 4,448 7,202

%Change

1.54 1.82 3.81 2.40 3.24

7,677 4,341 6,969

GlobalMarkets Index
DowJones$ Nasdaq$ S&P500$ FTSE& CAC&

22Feb12 PreviousClose
12,966 2,949 1,362 5,908 3,452 12,950 2,952 1,361 5,919 3,448

%Change#
0.12 0.11 0.07 0.19 0.13
#

According to the Chairman of PMEAC, domestic economy might grow 7.1% in this fiscal (FY12) and 7.5%8% in the coming fiscal. SEBI has prescribed 'lot sizes' for shares being offered in IPO on the SME exchange. It said that up to the price band of Rs.14, the lot size will be 10,000 and for price band of over Rs.14 and below Rs.18, the lot size would be 8,000 shares. Reserve money for the week ended February 17 stood at Rs.14,377 billion, 2.5% higher than last week. Fortnight money supply for week ended February 10 stood at Rs.72,118.9 billion, 0.7% higher than last reported figure. BSE has launched India's first carbon efficient index on Wednesday. According to the BSE, the index can be used to develop green financial products including mutual funds, exchangetraded funds and structured products.

EquityMarketUpdate
Indian markets ended lower on Wednesday as investors booked some profit after the recent sharp move. The NSE benchmark fell below the 5,500 level before closing down 101.80 points to 5,505.35. Meanwhile, the BSE benchmark Sensex dropped 283.36 points to 18,145.25. Highbeta realty, consumer durable, metal and banking stocks paced the declines, while IT stocks ended modestly higher. Selling pressure gathered momentum in bluechip led by Reliance Industries and banking stocks, which had gained significantly in last few sessions. Volatility is expected as traders roll over positions in futures & options (F&O) segment from the nearmonth February 2012 series to March 2012 series. The nearmonth February 2012 F&O contracts will expire tomorrow. On the global front, Asian markets were mixed amid concerns over Europes Greek aid deal and higher oil prices. Meanwhile, European shares were trading lower on Wednesday on the back of less than expected Germans PMI and jobs data, dampened investors sentiments.

NiftyTop5Gainers
Company
BPCL TCS SUNPHARMA ITC INFY

22Feb12 PreviousClose
624 1,252 549 209 2,952 614 1,237 543 207 2,938

%Change

1.57 1.24 1.08 0.55 0 55 0.48

NiftyTop5Losers
Company
RCOM SBIN DLF STER JPASSOCIAT

22Feb12 PreviousClose
98 2,255 238 120 80 107 2,452 258 128 85

%Change#
8.71 8.05 7.72 6.82 5.77
#

TradingTurnover
Description
NSE BSE IndexFut StockFut IndexOpt StockOpt F&OTotal

DerivativesMarket
22Feb12
18,502 3,853 24,699 43,918 147,923 7,873 224,413

Change
2,623 315 5,413 7,862 55,549 2,109 70,933

%Change

16.52 8.90 28.07 21.81 60.14 36.58 46.22

InstitutionalFlows(Equity)
Description(INRCr)
FIIFlows* MFFlows*
th $

Purchases
4,094 634
&

Sales
2,599 972

Net
1495 338

Nifty February 2012 futures were at 5,518.10, at a premium of 12.75 points over spot closing of 5,505.35. Nifty March 2012 futures were at 5,561, at a premium of 55.65 points over spot closing. Turnover on NSE's futures & options (F&O) segment surged to Rs.2,24,412.72 crore from Rs.1,53,479.46 crore on February 21. The put call ratio on Wednesday stood at 1.15 as against 1.22 recorded on last trading day. Cumulative FII positions as percentage of total gross market position in the derivative segment as on February 21 is 32.92%. The Open interest on Nifty futures increased to 3,75,67,400 as against 3,16,02,550 on last trading day. Near term market's volatility indexIndia VIX, surged by 2.10% to 26.80 as against previous close of 26.25.

*21 February2012, asonpreviousday, asat1800hrs # %changeisthechangeoverthepreviousdaysclose

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DailyDossier
22 February 2012

PolicyRates
KeyRates(%)
ReverseRepo Repo CRR SLR BankRate

DebtMarketUpdate
22Feb12
7.50 8.50 5.50 24.00 9.50

1WeekAgo 1MonthAgo
7.50 8.50 5.50 24.00 9.50 7.50 8.50 6.00 24.00 6.00

DailyRates
KeyRates(%)
NSEMIBOR CALL CBLO OIS1Yr OIS5Yr

22Feb12 PreviousClose
8.80 8.76 8.47 8.11 7.38 8.83 8.79 8.45 8.08 7.32

%Change#
0.34 0.34 0.24 0.37 0.82

Bond yields rose in the absence of a bond buyback announcement on Tuesday. However, the bond buyback was announced on Wednesday, post market hours. In addition, the possibility of an unscheduled auction next week also affected the market sentiments. As per the scheduled auction calendar, RBI will not conduct dated securities auction for the week ended March 2. Thereafter, Government is scheduled to hold its last debt auction of the fiscal year worth Rs.12,000 crore between March 5 and March 9. The yield on the 10year benchmark bond went up 5 bps and closed at 8.22% after touching a high of 8.24%. On Wednesday, RBI conducted the auction of 91days and 364days treasury bills worth Rs.13,000 crore and the cutoff came 9.02% 8.51% respectively. In 91days Tbill, noncompetitive bids worth Rs.3,142 crore were accepted over and above the scheduled amount of Rs.9,000 crore.

LiquidityIndicators
Description(INRCr)
GovtSecurities CallMoney CBLO LAF TreasuryBills

MutualFund&InsuranceUpdate
22Feb12
11,440 15,598 45,615 136,295 136 295 647

1WeekAgo 1MonthAgo
13,838 2,429 16,901 21,540 41,270 31,958 168,435 168 435 151 575 151,575 1,169 376

Top5tradedGSec
Security
08.79GS2021 09.15GS2024 08.28GS2027 07.83GS2018 08.26GS2027

Maturity %ClosingYield
08Nov21 14Nov24 21Sep27 11Apr18 02Aug27 8.22 8.32 8.52 8.29 8.46

%Change#
0.59 0.43 0.18 0.30 0.25

United Bank of India has signed a distribution agreement (MOU) with DSP Black Rock Investment Managers for distribution of various Mutual Funds Schemes of DSP Black Rock. Taurus Mutual Fund has launchedTaurus Fixed Maturity Plan Series N (91 Days), a close ended debt scheme with the duration of 91 days. The NFO opens for subscription on February 22 and will close on February 23 23. Religare Mutual Fund has unveiledReligare Fixed Maturity Plan Series XIIPlan F (14 Months), a close ended debt scheme. The NFO opens for subscription on February 22 and will closes on February 29. IDBI Mutual Fund has launchedIDBI Fixed Maturity PlanSeries II 369 Days (February 2012)C, a close ended income scheme with the duration of 369 days. The NFO opened for subscription on February 21 and will close on February 22. With a view to improve transparency in reinsurance contracts; IRDA said that it is planning to introduce an electronic reinsurance platform for insurers.

CommodityMarket
Commodity(INR)
Gold(10gm) Silver(1kg) CrudeOil(1barrel) Aluminium(1kg) Copper(1kg)

CommodityMarketUpdate
22Feb12 Gain+/Loss
289.00 597.00 134.00 2.90 12.85

%Change

28,264 56,629 5,215 109 415

1.03 1.07 2.64 2.74 3.19

Spot gold prices retreated from its early gains owing to weakening of euro and reached the level of $1,753.29 an ounce, witnessing a fall of 0.3% from the previous close. Brent crude declined to $121.33 a barrel, after hitting its ninemonth high, on the back of weak European and Chinese economic data which triggered worries over the global growth stance and prospects for oil demand.

CurrencyMarket
Currency
USD/INR EURO/INR GBP/INR JPY/INR
#

CurrencyMarketUpdate
22Feb12
49.25 65.16 76.75 0.62

Gain+/Loss
0.16 0.01 1.05 0.00

%Change

0.33 0.01 1.35 0.02

%changeisthechangeoverthepreviousdaysclose

INR strengthened, aided by capital inflows into local equities and debt which offset the dollar demand from local oil importers. It ended at 49.22/23 to the dollar, 0.2% stronger. Euro remained under pressure against dollar amidst concerns about economic growth and implementation of the austerity measures as agreed by Greece. The sentiment also got affected by the PMI data showing contraction in euro zone services sector. It traded 0.1% down at $1.3226.

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