Morning Note

11 JUNE 2013
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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 19441 5878 6332 5915 %Chg 0.06 -0.05 -0.88 -0.79

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1527 8406 116375 126308

%Chg
36.83 -8.75 -22.24 -21.06

MARKET INSIGHT
On Monday 10 June 2013, Benchmarks failed to hold on to intraday gains and slipped in the

NET INFLOWS (Rs Crs)

FIIs DIIs (114.0) (69.8)

%Chg
-172.15 -140.32

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 6770.25 51905.19 28543.01 1679.74

%Chg
-1.43 2.02 0.28 4.23

negative terrain on Monday as profit booking picked up in Consumer Durables, Realty and banking counters turned out to be top losers of the session. Amongst the Consumer Durable pivotal, stocks of Rajesh Exports, Gitanjali Gems and Titan Industries fell after Chief Economic Advisor Raghuram Rajan, within days of hiking import duty on gold, said that government could take more steps to curb demand for the gold amidst widening current account deficit (CAD). On the flip side, besides IT, Oil & Gas and Fast Moving Consumer Goods counter witnessed maximum traction. IT companies gained momentum in a range-bound market as the depreciating rupee raised hopes of better operating profit margins for these companies. While, stocks related to FMCG space rallied on arrival of early monsoons. The market breadth on the BSE remained negative; advances and declining stocks were in a ratio of 905: 1404, while 133 scrips remained unchanged. On the global front, Asian stocks rose, with the regional benchmark index heading for the biggest rally in more than six weeks, after a report showed that the US added more workers than expected. Japanese shares surged after a three-week, $600 billion rout. Stocks rose after Japan revised up its first-quarter growth and the Prime Minister Shinzo Abe said the government will unveil its second growth strategy after the upper house election next month. Meanwhile, European shares traded slightly higher on Monday following a rebound in Japan's benchmark Nikkei on the back of a strong Japanese gross domestic product (GDP) revision and a weaker yen. The BSE Sensex gained 30.49 points or 0.16% to settle at 19459.72.The index touched a high and a low of 19585.75 and 19366.82 respectively. Among the 30-share Sensex pack, 14 stocks gained, while 15 stocks declined and 1 remained unchanged. The BSE Mid cap and Small cap indices ended lower by 0.78% and 0.70% respectively. On the BSE Sectoral front, Teck up by 0.47%, FMCG up by 0.20% and Oil & Gas up by 0.19% were the only gainers, while Consumer Durables down by 1.97%, Realty down by 1.35%, Bankex down by 0.94%, Health Care down by 0.90% and Metal down by 0.75% were the top losers. (Provisional) India VIX, a gauge for markets short term expectation of volatility gained 4.38% at 18.11 from its previous close of 17.35 on Friday. The CNX Nifty gained 9.20 points or 0.16% to settle at 5,890.20. The index touched high and low of 5,931.65 and 5,857.40 respectively. 19 stocks advanced against 31 declining on the index. (Provisional)

World Indices
Dow Jones Nasdaq FTSE 100 15239 3474 6400

%Chg
-0.06 0.14 -0.19

Commodity
Crude (US$/bl)

%Chg
95.9 1384.4 -0.14 0.03

Gold (US$/oz) Top 5 Movers HDFC NTPC INFY BAJAJ-AUTO HCLTECH

Close Price
855.7 150.4 2,488.70 1,774.55 756.45

%Chg
1.95 1.76 1.71 1.69 1.65

Top 5 Loser
JINDALSTEL BPCL BHEL INDUSINDBK IDFC

Close Price
267.5 366.75 184.75 496.2 144.25

%Chg
-4.19 -2.51 -2.46 -2.16 -2.14

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Snapping two sessions' losing streak, benchmark equity indices negotiated flat yet positive close due to emergence of lower-level buying in the dying hours of the trade amid the mostly positive global set-up. Despite the positive close, the session turned out to be largely disappointing one, as benchmarks squandering all the early gains settled only a little above its day's low. Rupee depreciation to record low level hurted the investor's sentiment, however, this turned out to be largely positive for Technology firm stocks, which derive lion share of their revenue in foreign currency. Escalating worries over about the current account deficit and complicating the task for policy makers looking to revive an economy that grew at its slowest in a decade in 2012/13, Indian currency depreciated past '57.50/$' level. Thus, by the close of trade, benchmark indexes, Sensex and Nifty, adding a little over 0.10% ended past psychological 19450 and 5850 levels respectively. For the upcoming sessions we believe spot index may continue its upward journey however 5930 followed by 5850 could be near term support levels. Any drift below these levels may further drag spot index towards 5700 where we might see some consolidation. ...........

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
19010 5788 11710

Support 1
19202 5832 11955

Previous Close
19441 5878 12124

Resistance 1
19705 5966 12305

Resistance 2
19980 6006 12562

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 RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
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Morning Note
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NAME
Varun Gupta Pashupati Nath Jha Vikram Singh

DESIGNATION
Head - Research Research Analyst Research Analyst

E-MAIL
varungupta@moneysukh.com pashupatinathjha@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 RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
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