Morning Note

29 Oct 2013

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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 20570 6101 5920 5797 %Chg -0.55 -0.72 -0.75 -0.50

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1685 8917 155266 165868

%Chg
-3.38 -9.20 -3.66 -3.97

MARKET INSIGHT
On 25 Oct 2013, The losses of the bourses were led by the stocks belonging to Fast Moving

NET INFLOWS (Rs Crs)

FIIs DIIs 636.8 (902.7)

%Chg
1.56 81.28

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 16496.10 64698.34 29743.07 3139.44

%Chg
0.85 -0.27 2.81 -2.55

World Indices
Dow Jones Nasdaq FTSE 100 15569 3940 6726

%Chg
-0.01 -0.08 0.07

Consumer Goods, Realty and Metal counters, which emerged as top laggard of the bourses. On the flip side, Consumer Durable, Capital Goods and Oil & Gas counters were the major pockets of the strength, which limited the further slide of the markets. Decline of index heavyweights, ITC and Hindustan Unilever (HUL), played spoilsport for the entire pivotal. While, six straight quarter slowdown of sales growth by HUL, on account of weak consumer demand dragged company's shares lower by a percent, ITC too plunged close to four percent on revenue growth concern. ITC, although reported higher-than-expected 21.5% growth in its net profit of Rs 2,230 crore in three months period ended September 2013, its net sales increased way below the street's expectation at 8.9% to Rs 7,780 crore during September quarter from Rs 7,146 crore in a year ago period. Meanwhile, in other quarterly earnings, ICICI bank slipped despite reporting 20% growth in Q2 net profit and asset quality improvement. Additionally, TVS Motors too slowed down by over 2.5% despite reporting 97% rise in Q2 net profit. The market breadth on the BSE ended in red; advances and declining stocks were in a ratio of 1006: 1403, while 164 scrips remained unchanged. (Provisional) and a low of 20771.36 and 20550.64 respectively. Among the 30-share Sensex, 9 stocks gained, while 21 stocks declined. The BSE Mid cap and Small cap indices ended lower by 0.76% and 0.43% respectively. On the BSE Sectoral front, Consumer Durables up by 1.49%, Capital Goods up by 0.90%, Oil & Gas up by 0.39% and Auto up by 0.02%, were the only gainers, while FMCG down by 2.67%, Realty down by 2.24%, Metal down by 1.80%, Power down by 1.16% and Bankex down by 1.14% were the top losers in the space. (Provisional) from its previous close of 20.42 on Friday. The CNX Nifty lost 42.00 points or 0.68% to settle at 6,102.90. The index touched high and low of 6,168.75 and 6,094.10 respectively. Out of the 50 stocks on the Nifty, 13 ended in the green, while 37 ended in the red. that Federal Reserve will maintain stimulus. A pickup in interbank lending rates in China also spooked investors and regional markets started the week in recovery mode, following a series of declines last week that hit Japan and China especially hard. Indonesia's finance minister stated that inflation rate in October is estimated to be up less than 0.4 percent from the previous month.

Commodity
Crude (US$/bl)

%Chg
98.4 1359.7 0.51 0.58

Gold (US$/oz) Top 5 Movers LT ONGC HDFC WIPRO KOTAKBANK

Close Price
965.45 288.25 821.9 483.8 708.5

%Chg
1.89 1.51 1.49 0.56 0.51

Top 5 Loser
JPASSOCIAT BANKBARODA ITC PNB SSLT

Close Price
43.25 568.15 326.7 478.1 195

%Chg
-5.36 -4.42 -3.93 -3.74 -3.63

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Quite a disappointment in the last session as spot index failed to hold its momentum , closed with more than half a percent losses. In the lackluster and result-heavy session of trade, benchmarks after getting a quiet start went on losing ground and halted only near day's lowest point. Although, bit of recovery was witnessed in morning deals, but selling pressure during the last leg of trade dragged the markets lower. Cautiousness ahead of RBI's quarterly monetary policy review tomorrow, amidst the expectation that India's apex bank would hike key interest rates by 25 basis points, while further slashing MSF rate by the same quantum, kept traders jittery of investing into risky equities. Meanwhile, lack of positive triggers in home markets coupled with mostly disappointing corporate earnings also encouraged investors of squaring off their long held position ahead of crucial RBI's policy meet and volatile F&O expiry despite positive global set-up. Thus, by the close, while Sensex ended below 20,600 level, Nifty, managed to close a bit above 6100 level. For the upcoming sessions spot index may continue its range bound journey however 6230-6260 could be the near term resistance zone. Any substantial break out above this range with decisive volumes may further strengthens the current sentiment and we might se 6360-6390 in a short span of time. On the flip side any spiral selling below 5860-5830 may attract some bears and we might see 5630-5650 though any correction could be used as a decent opportunity to go long.....

Index
SENSEX NIFTY BANK NIFTY

Support 2
20202 6018 10412

Support 1
20405 6056 10605

Previous Close
20570 6101 10779

Resistance 1
20745 6148 11022

Resistance 2
20995 6198 11212

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

SEBI Reg.No: BSE: INB 010985834, F&O: INF 010985834 SEBI Regn No. BSE: INB010985834 / NSE: INB230781431 NSE: INB 230781431, F&O: INF 230781431, PMS Regn No. INP000002387 DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

Morning Note
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NAME
Varun Gupta Mohit Taneja

DESIGNATION
Head - Research Research Analyst

E-MAIL
varungupta@moneysukh.com

mohit.t@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