Morning Note

04 JULY 2013
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FIRST LIGHT HEADINGS

DATA MATRIX OF LAST SESSION
INDEX Sensex Nifty Midcap Smallcap Close 19178 5771 5948 5665 %Chg -1.47 -1.49 -1.69 -1.44

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1923 10214 111233 123370

%Chg
7.13 -1.57 28.91 25.30

MARKET INSIGHT
On Wednesday 03 July 2013, Spate of government's decisions as part of reforms aimed at

NET INFLOWS (Rs Crs)

FIIs DIIs (705.0) 252.9

%Chg
1531.94 -301.84

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 10395.09 43124.02 25671.38 939.19

%Chg
-0.06 -1.96 0.31 6.79

lifting the economy out of its worst slump in a decade, remained largely ignored by investors, who pressed sales on every small rise. In a bid to revive investments and attract long-term investment as the government strives to contain its widening current account deficit. Back on the street, stocks from Realty, Metal and Public Sector Undertaking counters nursed heavy losses for the session, while those from defensive Fast Moving Consumer Goods and Health Care counters showed resilience. However, select IT stocks also gained traction after the rupee weakened against the dollar on heavy dollar demand. The market breadth on the BSE remained negative; advances and declining stocks were in a ratio of 803: 1513, while 128 scrips remained unchanged. In the highly disappointing session of trade the barometer gauges, could not break out in green for once and kept on losing ground to conclude near day's lowest point. World shares pulled back on Wednesday as signs of slowing Chinese growth and escalating political tensions in Portugal, one of the euro zone's crisis hot-spots, spooked investors. The BSE Sensex lost 269.04 points or 1.38% to settle at 19194.78.The index touched a high and a low of 19347.11 and 19147.31 respectively. Among the 30-share Sensex pack, 4 stocks gained, while 26 stocks declined. Broader indices concluded in red; BSE Mid cap and Small cap indices were down by 1.73% and 1.38% respectively. (Provisional) On the BSE Sectoral front, FMCG up by 0.38% and Health Care up by 0.29% were the only gainers, while Realty down by 4.41%, Metal down by 3.05%, PSU down by 2.95%, Consumer Durables down by 2.68% and Oil & Gas down by 2.67% were the top losers. (Provisional) India VIX, a gauge for markets short term expectation of volatility gained 3.84% at 18.91 from its previous close of 18.21 on Tuesday. The CNX Nifty lost 80.15 points or 1.37% to settle at 5,777.40. The index touched high and low of 5,815.00 and 5,760.40 respectively. 9 stocks advanced against 41 declining on the index. (Provisional) Asian Markets concluded the trade on negative note, as concerns over growth in China's services sector added the selling pressure. A pair of surveys monitoring China's services sector showed weak growth for June. Japan's Nikkei closed in red amid choppy trade, as traders appetites were hit by weakness in other Asian shares and worries about the tepid Chinese economy. Hong Kong's market closed with deep cut, accelerating their losses after the Chinese services PMI data. On the economy front, Hong Kong retail sales grew in May by 12.8% from a year earlier, well below April's 20.7% growth.

World Indices
Dow Jones Nasdaq FTSE 100 14989 3444 6230

%Chg
0.38 0.32 -1.17

Commodity
Crude (US$/bl)

%Chg
101.2 1254.1 -0.66 0.55

Gold (US$/oz) Top 5 Movers LUPIN JINDALSTEL SUNPHARMA AMBUJACEM ITC

Close Price
832.2 217.05 1,020.05 188 326.65

%Chg
3.87 1.4 1.21 0.8 0.55

Top 5 Loser
JPASSOCIAT BANKBARODA IDFC PNB SESAGOA

Close Price
51.95 543.85 124.05 622.9 143.9

%Chg
-8.38 -7.95 -6.06 -4.94 -4.7

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Aggressive bears tightened grip at D-street on Wednesday leading the benchmark indices crack close to one and half percent and end the session sub 19,200 (Sensex) and 5,800 psychological levels respectively. Accentuated selling pressure was witnessed mainly on account of Rupee's weakness and sluggish global cues. Investors remained concerned with the weak macro-economic data, which pointed out fresh evidences of Asia's third-largest economy still struggling to come out of a quagmire of low growth and high inflation. On the macro-front, the HSBC services Purchasing Managers' Index (PMI), based on a survey of around 400 companies, fell from May's three-month high 53.6 to 51.7 in June mainly on account of weaker gains in new work and subdued economic conditions. For the upcoming sessions we believe spot index may shown some bounce back in near term however 5950-6030 could be the resistance zone. On the flip side any negative outcome will further create some more panic among traders and we might see 5500-5450 in a short span of time where consolidation cant be rule out. Happy trading.................

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
18570 5702 10905

Support 1
18805 5732 11202

Previous Close
19178 5771 11375

Resistance 1
19390 5796 11512

Resistance 2
19612 5842 11705

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 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 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