16th Jan 2014

MARKET DIARY
SGX NIFTY : 6343 ( 16 pts Up )

Quote of The Day

"Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't, pays it." Albert Einstein

MARKET
Name Sensex Nifty DOW NASDAQ CAC DAX FTSE NIKKIE HANG SENG EW ALL SHARE Value 21289.49 6320.9 16481.94 4214.88 4332.07 9733.81 6819.86 15867.45 22973.52 10148.23 Change 256.61 79.05 108.08 31.86 57.87 193.30 53.00 58.72 71.52 82.92

Chart of the Day WPI Trend

INSTITUTIONAL TURNOVER
FII Investor 15th Jan, 14 Buy(Cr.) 3635.25 26409.66 26409.66 DII Investor 15th Jan, 14 Jan,14 2014 Buy(Cr.) 781.70 10146.74 10146.74 Sale(Cr.) 1,471.72 12,032.82 12,032.82 Net(Cr.) (690.02) (1886.08) (1886.08) Sale(Cr.) 2,921.96 25,619.08 25,619.08 Net(Cr.) 713.29 790.58 790.58

Index Action-Nifty (15th Jan, 14)

Jan,14 2014

Contents Derivative Research News Result Calendar Economic calendar Result Q3FY14

Index

Page 2 3 4 5 5

Coverage UPDATE UPDATE UPDATE UPDATE UPDATE

COMMODITY PRICE COMMODITY/CURRENCIES Value GOLD 29005.00 SILVER 44736.00 CRUDEOIL 107.00 COPPER NATURALGAS DOLLAR/RS. EURO/RS. POUND/RS. 459.65 271.40 61.54 83.84 100.76

Narnolia Securities Ltd.

124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196 email: research@narnolia.com, website : www.narnolia.com

Derivative Research
NIFTY SNAPSHOT Nifty Spot Nifty Jan 2014 Future Nifty Feb 2014 Future Nifty Jan 2014 Open Interest Nifty Feb 2014 Open Interest 7 DMA of Spot Nifty 21 DMA of Spot NIfty 50 DMA of Spot Nifty VOLATILITY INDEX (VIX) PUT CALL RATIO Nifty (Jan Series) Option OI Distribution: 6320.90(+79.05) 6328 6361 18204150 2237950 6216 6236 6191 15.42(-0.32) 1.03 GRAPH

Index Outlook

Activity of Nifty (Jan Series) Strike CALL OI % Chng 6000 772500 -3.8 6100 899800 -11.2 6200 2663300 -22.1 6300 4844250 -8.0 6400 4876700 -1.4 6500 3880300 2.0 Fresh Long Seen In (Rising OI -Rising Price) Scrip OI OI ch% IOB 90,32,000 19.3 PTC 50,72,000 18.7 ORIENTBANK 54,08,000 17.9 BANKINDIA 81,68,000 10.8 HDFC 68,96,000 10.3 RISE IN PCROI STOCK T1 COALINDIA 0.75 CIPLA 0.56 GLENMARK 0.08 HDFC 1.11 TITAN 0.51

PUT OI 4885400 5428350 7123300 4136400 1326950 526700 CMP 49.1 59.4 205.2 241.7 845.0 T2 0.34 0.36 0.05 0.77 0.38 % Chng 11.4 5.5 12.1 25.6 24.4 6.2 Ch% 1.1 2.8 2.6 4.1 2.6

FIIs Activity (Fig in Cr) Segment INDEX FUTURE INDEX OPTION STOCK FUTURE STOCK OPTION TOTAL

Buy 991 7,688 1,711 1,335 11,725

Sell 1,405 7,594 1,714 1,299 12,012

Net (413) 94 (3) 36 (287)

Fresh Shorts Seen In: (Rising OI -Falling Price) Scrip OI OI ch% BATAINDIA 5,82,000 10.8 BPCL 35,69,000 7.0 CROMPGREAV 94,44,000 6.6 BIOCON 34,60,000 6.6 ABIRLANUVO 7,37,000 4.5 FALL IN PCROI STOCK T1 AXISBANK 0.46 BHARATFORG 0.16 RANBAXY 0.51 KOTAKBANK 0.66 HEROMOTOCO 0.34

CMP 997.5 327.1 117.4 459.7 1147.0 T2 0.59 0.20 0.65 0.77 0.38 2

Ch% -2.0 -0.2 -0.4 -2.0 -0.2

Markets Snapshot
Top Price Performers Top Performers 1D ANTFRIBEAR BPL PATEL SAI SANWARIA SUMEETINDS Worst Price Performers Worst Performers 1D CCCL RUSHIL RPGLIFE BIRLACOT INFOTECENT % Change (9.77) (9.59) (9.32) (8.33) (7.76) Worst Performers 1W TUNITEX CHROMATIC MICROTECH PDPL REISIXTEN % Change (22.27) (22.24) (21.79) (21.39) (21.09) Worst Performers 1M GLOBALCA STAR INDINFO TUNITEX ZENITHBIR % Change (58.92) (58.72) (46.57) (40.90) (34.31) % Change 13.16 12.49 11.83 11.08 10.87 Top Performers 1W MANAPPURAM RAMANEWS CHIRAWA MUTHOOTFIN GATI % Change 38.28 38.23 36.97 27.79 27.68 Top Performers 1M SIGRUN GATI FINANTECH RAMANEWS RAMSARUP % Change 130.00 112.95 93.59 93.38 92.96

Top News :
Ramky Infra Clarification : News Regarding " Company is in talk to sell stake in 3 projects which will fetch around Rs. 900 Cr, Ramky Infrastructure Ltd has clarified that Sequel to achievement of Provisional Completion Certificate for NAM Expressway Ltd, company has been receiving offers from various investors for possible stake sale/securitization for the road projects. These matters are subject to the approval of the Board of Directors. However the discussions are at preliminary stage. Comapny will keep the exchange informed about the developments or near proximity to closing of any sale transaction . GVK seeks MoEF nod to use HSD for gas-based power project . This comes after a committee under the MoEF opined that usage of HSD for power generation will not be as eco-friendly as natural gas and directed the company to obtain views of Ministries of Power, Petroleum and Natural Gas on the issue . Reliance Clarification : News regarding "Reliance eyes Petronas 11% in $20-billion Venezuela project". The Company has clarified that "Company continues to look for opportunities to grow its business internationally and cannot make any specific comment on the media report, necessary disclosures as appropriate will be made if any such deal is consummated". Tilaknagar Industries has informed that the Board of Directors has approved the proposal for sale of P.P. caps manufacturing and printing division of the Company and approved the proposal for divestment of the entire stake held by the Company in P.P. Caps Private Limited, wholly owned subsidiary. Cabinet Committee on Investment has cleared Reliance Power's Tilaiya ultra mega power project in Jharkhand . The company's 4,000 MW Tilaiya plant is now expected to be treated on a par with the other public sector projects and therefore would be exempted from providing compensatory afforestation for the loss of forest land. Galena Biopharma and Dr. Reddy's Laboratories Ltd have announced a strategic development and commercialisation partnership for former's NeuVax (nelipepimut-S) in India. NeuVax is a peptide-based vaccine aimed at preventing or delaying the recurrence of breast cancer in cancer survivors who achieve remission after standard of care treatment. India's WPI-based inflation cooled-off to 6.16 percent in December . Manufacturing Product inflation @ 2.64 % Vs Unchange ( MoM ) . Fuel & Power Sector Inflation @ 10.98% Vs 11.08% ( MoM ) . Primary Articles Inflation @ 10.78 % Vs 15.98% ( MoM ) . Food Article Inflation @ 13.68 % Vs 19.93% ( MoM ) . Dec Core Inflation @ 2.8 % vs 2.7 % ( MoM ) Eurostat said the trade surplus widened to a seasonally adjusted EUR16.0 billion in November from a surplus of EUR14.3 billion in October. Analysts had expected the euro zones trade surplus to widen to EUR16.7 billion in November. Statistics South Africa Head Office said that South African Retail Sales rose to 4.2%, from 1.4% in the preceding month whose figure was revised up from 1.3%. Analysts had expected South African Retail Sales to fall to 1.0% last month. Switzerlands Federal Statistical Office said that retail sales increased at annualized rate of 4.2% in November, easily surpassing expectations for a 1.6% gain. Retail sales growth in October was revised to a 1.6% gain from a previously reported increase of 1.2%.

Top News :
IndusInd Bank Mgt Guideline : Mgt feels the worst on costly funds is behind and things should start improving from the first quarter of next financial year. Around 35% of IndusInd Banks funds comprises of wholesale deposits. Bank expects wholesale rates to be slightly cheaper this quarter.but not very large, but Bank is on the way to more relief on the cost of funds . Mgt expects net interest margins for this quarter to be on the same lines or slightly better than those for the December quarter. Bank expected the restructuring book to remain stable. Idea Mgt Guideline : Company is looking forward to 2014 to be the turnaround year for wireless broadband. Large investments have already gone for the 3G space. There is an auction which is coming and if this spectrum is available in contiguous form at the right prices there is a potential of converting the success that we had in mobility voice to the wireless broadband. This will help grow not only Indian telecom industry but also help grow the overall gross domestic product (GDP) of the country . Bharat Forge Mgt Guideline : Company decided to exit the Chinese joint venture (FAW Bharat Forge (Changchun) Company Ltd) because it was struggling to make money given the economic hardships in China . Since the venture became economically unviable, Bharat Forge's indirect subsidiary in Hong Kong sold its 51.85 percent stake in this JV to its joint venture partner , China FAW Corporation for Rs 175 crore, thus ending the eight-year old partnership. The company had incurred a loss of up to Rs 2 in EPS terms last year due to this JV. In the current year, up to October, it (EPS impact) will be about little less than Re 1 . The companys debt of Rs 500 crore would get reduced from its consolidated balance sheet on JV exit and it would receive Rs 175 crore cash . Its subsidiaries in Europe continue to do very well and the auto components maker is eyeing export growth in double digits in near-term. Result Calendar Q3FY14 Bse Code 505036 532215 532977 500490 500042 501833 532640 533151 507886 511288 532281 532894 531841 532175 526015 530813 500253 532819 500355 517447 512417 501267 532218 532540 530675 531847 Company Name Automobile Corp-$ Axis Bank Bajaj Auto Bajaj Holdings BASF India Chowgule Steam Cyber Media D B CORP Dhruv Estates Gruh Finance HCL Tech Indowind Ener Indus Finance Corp Infotech Enter Kemrock Inds KRBL LIC Housing Fin Mindtree Rallis India RS Software Sharp Trading Shree Rani Sati South Indian Bank TCS York Exports Asian Star-$ Date 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 17-Jan-14 Bse Code 500074 500469 531754 500180 500188 500875 500304 526747 590055 532524 500325 526885 513010 517506 507685 532166 500033 500183 509162 524378 530129 531626 530419 506690 534804 531209 Company Name BPL Federal Bank Fintech Comm HDFC Bank Hindustan Zinc ITC NIIT PG Foils Polyspin Expo PTC India RIL Sarla Perf-$ Tata Sponge TTK Prestige Wipro Alka Securities Force Motors-$ Himachal Futur Indag Rubber-$ JMDE Pack Nile Orosil Smiths-$ Sumedha Fisc Unichem Lab Care Nucleus Soft Date 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 19-Jan-14 19-Jan-14

Result Q3FY14 NSE CODE

LIBERTSHOE GEOJITBNPP BAJFINANCE INTENTECH BAJAJFINSV SCOPEIND ATFL YESBANK DCB

BSE CODE
526596 532285 500034 532326

SALES Rs (cr.)
110.50 53.06 1070.32 12.40 20.77 26.81 197.06 665.00 93.15
Economic Calendar

SALES YOY ( %)
22.60 2.40 29.80 27.40 (16.70) (18.20) (10.60) 13.80 29.37

PAT Rs Cr
3.20 15.75 194.54 4.10 5.35 0.46 13.08 415.00 36.36

PAT YOY ( % )
79.80 61.50 21.50 113.50 (51.90) 100.40 0.20 31.74 35.16

532978 531886 500215 532648 532772

Monday 13-Jan-14

Tuesday 14-Jan-14

Wednesday 15-Jan-14

Thursday 16-Jan-14

Friday 17-Jan-14

US

Federal Budget Balance .

Building Permits , Housing Starts , Core CPI m/m , Unemployment Claims , CPI Core Retail Sales m/m , Retail Sales m/m PPI m/m , Core PPI m/m , Empire State Capacity Utilization Rate , Industrial m/m , TIC Long-Term Purchases , Philly Fed , Import Prices m/m , Business Manufacturing Index , Crude Oil Inventories Production m/m , Prelim UoM Consumer Manufacturing Index , NAHB Housing Market Inventories m/m . , Beige Book . Sentiment , Prelim UoM Inflation Index , Natural Gas Storage . Expectations , JOLTS Job Openings .

UK/EURO ZONE

Italian Industrial Production m/m .

French CPI m/m , French Gov Budget Balance , CPI y/y , PPI Input m/m , RPI y/y , Industrial Production m/m .

ECB Monthly Bulletin , German Final CPI m/m French 10-y Bond Auction , Trade Balance , German WPI m/m , Retail Sales m/m , 10, Italian Trade Balance , CPI y/y , Core CPI y/y , CB Leading Index m/m . y Bond Auction , 30-y Bond Auction . Italian 10-y Bond Auction .

INDIA

CPI Data

WPI Data

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