Morning Note

26 AUG 2013

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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 18519 5471 5359 5248 %Chg 1.12 1.16 0.92 0.75

FIRST LIGHT HEADINGS

Indian regulator allows Reliance Infra to collect past dues of $860 mln MARKET EYE-HSBC downgrades Indian shares to 'neutral' Bank of Maharashtra opens 2 rural branches in Madhya Pradesh: Report CRISIL maintains fundamental grade of 4/5 to PFC Sun Pharma gains on better outlook for key drug JP Associates in final stage of talks to sell stake in Cement Plant to Ultratech Central Bank of India revises interest rates on FCNR-B deposits

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1960 12081 199122 213163

%Chg
-15.63 -12.87 -11.81 -11.91

MARKET INSIGHT
On Friday 23 Aug 2013, Sentiment also got some support after Finance Minister P Chidambaram

NET INFLOWS (Rs Crs)

FIIs DIIs (148.0) 755.0

%Chg
-88.42 93.74

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 17073.06 64220.82 28269.08 3437.36

%Chg
-0.65 2.72 1.86 5.80

said yesterday that revival and encouragement of growth will continue to be the focus of the government. On the BSE sectoral front, stocks from Capital Goods, Banking and Oil & Gas counters gained maximum traction, while those from Realty, HealthCare and Technology suffered some profit booking. Meanwhile, Aviation stocks also galloped on bargain-buying, with Jet Airways soaring over 6% and Spicejet advancing over 4%. The market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1343: 973, while 152 scrips remained unchanged. On the global front, Asian shares mostly ended higher on Friday as economic data suggesting the global economy is expanding, took the edge of persistent fears that the US Federal Reserve will likely start withdrawing stimulus next month. On the flip side, European shares were lower in morning trade on Friday as investors paused for breath after a broad rally in Thursday's session as better-than-expected data boosted optimism on global growth. a high and a low of 18546.60 and 18210.75 respectively. The BSE Mid cap and Small cap indices ended higher by 0.92% and 0.71% respectively. On the BSE Sectoral front, Capital Goods up by 1.85%, Bankex up by 1.74%, Oil & Gas up by 1.52%, Consumer Durables up by 1.48% and Auto up by 1.39% were the top gainers, while Realty down by 1.23% were the only losers in the space. (Provisional) India VIX, a gauge for markets short term expectation of volatility lost 6.97% at 25.75 from its previous close of 27.68 on Thursday. The CNX Nifty gained 60.25 points or 1.11% to settle at 5,468.70. The index touched high and low of 5,478.80 and 5,377.80 respectively. Out of the 50 stocks on the Nifty, 32 ended in the green, while 18 ended in the red. The Asian markets concluded Friday's trade on a mixed note with Japanese stocks leding, cheering gains on Wall Street and a weakened yen, while Chinese stocks retreated amid concerns about liquidity conditions. Seoul shares ended higher to snap a five-day losing streak. Hong Kong shares surrendered early gains and edged lower, dragged by afternoon weakness in Chinese markets as investors stayed cautious ahead of a slew of earnings reports from heavyweight Chinese financials next week. Today's performance helped the Nikkei Average erase losses it had accumulated earlier in the week. But the Shanghai Composite, the Hang Seng Index and the KOSPI suffered weekly losses.

World Indices
Dow Jones Nasdaq FTSE 100 15010 3658 6492

%Chg
0.31 120.76 0.70

Commodity
Crude (US$/bl)

%Chg
107.0 1396.0 -92.22 1228.01

Gold (US$/oz) Top 5 Movers BHEL TATAPOWER HCLTECH JPASSOCIAT JINDALSTEL

Close Price
116.15 78.45 948 34.7 239.35

%Chg
8.1 5.09 5.06 4.2 3.64

Top 5 Loser
DLF ULTRACEMCO SESAGOA BHARTIARTL CIPLA

Close Price
136.85 1576 152.35 307.6 396

%Chg
-4.87 -3.58 -2.21 -1.73 -1.35

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Yet another session of optimism being witnessed on Friday which gained strength in afternoon deals to clock a positive session of trade. After appearing shaky in the morning deals, benchmarks took off well from thereon and ended near day's highest point, with gains of over a percent. Bargain-hunting by market-participants for second consecutive sessions after four-days losing streak, mainly got the bulls going. Further, rupee's recovery from 65/$ level sans RBI's support amidst mostly positive regional counterparts, also contributed to the uptrend. By the close of trade, Sensex and Nifty reclaimed the crucial 18,500 and 5,450 psychological levels respectively. However, for the week, Sensex lost over half a percent, while Nifty slid by 0.40%. Meanwhile, CNX Midcap was down by huge one and half a percent for the week, BSE Smallcap index lost 0.40%. For the upcoming sessions we believe spot index may continue its rangebound scenario however 5310-

5290 could be the near term support levels. On the flip side any rebound from current levels could find some strong resistance around 5510-5530. Happy trading...........

Index
SENSEX NIFTY BANK NIFTY

Support 2
18110 5368 8955

Support 1
18312 5402 9202

Previous Close
18519 5471 9448

Resistance 1
18705 5522 9590

Resistance 2
18990 5568 9705

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 Mohit Taneja Vikram Singh

DESIGNATION
Head - Research Research Analyst Research Analyst

E-MAIL
varungupta@moneysukh.com

mohit.t@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 Regn No. INB010985834 / 010985834 NSE: INB230781431 SEBI Reg.No: BSE: INBBSE: 010985834, F&O: INF 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