Morning Note

25 Sept 2013

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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 19920 5892 5610 5453 %Chg 0.10 0.03 0.09 0.00

FIRST LIGHT HEADINGS

Govt likely to permit FDI in Indian railways

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1614 11148 230949 243711

%Chg
-10.23 1.87 3.21 3.04

MARKET INSIGHT
On Tuesday 24 Sept 2013, The markets got some support with the government saying that it will

NET INFLOWS (Rs Crs)

FIIs DIIs (21.1) (493.7)

%Chg
-73.82 -33.81

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 19342.26 77756.55 29747.91 2128.05

%Chg
10.54 1.02 2.97 -2.29

World Indices
Dow Jones Nasdaq FTSE 100 15335 3768 6571

%Chg
-0.43 0.08 0.21

not borrow more than Rs 2.35 lakh crore in the second half of the current fiscal, keeping the government's gross borrowing programme for 2013-14 intact at Rs 5.79 lakh crore with Rs 3.44 lakh crore in the first six months of the current fiscal. Traders even overlooked the global rating agency Moody's revised lower forecast, on the Indian economic growth to 4.5 percent for 201314 from 5.5 percent projected earlier, on account of deteriorating macro-economic indicators of the country. However, markets were unable to post any substantial gains and remained rangebound, as there was not much to support the indices on upside. On the contrary there was some disappointment in India Inc after the government said that it was not planning any special stimulus for the corporate sector to tide over the current economic woes. The banking gauge came under pressure in early deals after Moody's downgraded its outlook on the PSU major State Bank of India's (SBI) financial strength rating to 'negative' from 'stable'. Earlier, Fitch had downgraded some ratings of Indian Bank, Punjab National Bank and Bank of Baroda on expectations of a further deterioration in asset quality. stocks were in a ratio of 996: 1317, while 143 scrips remained unchanged.The BSE Sensex lost 362.75 points or 1.79% to settle at 19900.96.The index touched a high and a low of 20199.81 and 19826.30 respectively. Among the 30-share Sensex pack, 8 stocks gained, while 22 stocks declined. The BSE Mid cap and Small cap indices ended lower by 1.27% and 0.58% respectively. On the BSE Sectoral front, Consumer Durables up by 2.36%, IT up by 0.91% and Teck up by 0.43% were the top gainers, while Bankex down by 4.41%, Realty down by 4.33%, Capital Goods down by 3.28%, PSU down by 2.56% and Power down by 2.26%, were the top losers in the space. in a ratio of 1149: 1164, while 155 scrips remained unchanged. The BSE Sensex gained 27.02 points or 0.14% to settle at 19927.98.The index touched a high and a low of 20050.42 and 19782.78 respectively. Among the 30-share Sensex, 15 stocks gained, while 15 stocks declined. The BSE Mid cap and Small cap indices ended higher by 0.10% and 0.01% respectively. On the BSE Sectoral front, Auto up by 1.12%, Capital Goods up by 1.09%, Power up by 0.82%, Health Care up by 0.24% and FMCG up by 0.04% were the top gainers, while Metal down by 1.01%, PSU down by 0.58%, IT down by 0.50%, Teck down by 0.50% and Oil & Gas down by 0.35% were the top losers in the space. (Provisional)

Commodity
Crude (US$/bl)

%Chg
103.3 1324.9 -0.11 0.19

Gold (US$/oz) Top 5 Movers BAJAJ-AUTO TATAPOWER NTPC LT CIPLA

Close Price
2,034.60 81.15 145.7 828 433.1

%Chg
2.8 2.72 2.03 1.97 1.68

Top 5 Loser
HINDALCO BPCL COALINDIA JINDALSTEL ACC

Close Price
112.3 315 297.2 247.8 1,090.00

%Chg
-3.65 -2.6 -2.48 -2.04 -1.9

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SEBI Reg.No: BSE: INB 010985834, F&O: INF SEBI Regn No. BSE: INB010985834 / 010985834 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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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Indian markets sensed some recovery on Tuesday after two straight session's of butchery. Though, the gains were modest but the bourses managed to arrest the fall that they have been going through, since the announcement of RBI's mid quarter monetary policy. All the beaten down sectors witnessed some buying, though the banking and realty sector were still to get any favour of investors. The rupee that made a weak start tailing the weakness in other emerging market currencies, too recovered on corporate dollar selling and helped the equity markets to strengthen, though negatively impacting the IT and technology stocks. The global cues were though not that supportive, as majority of the Asian markets ended in red tailing their US counterparts, concerned about the debate on the US fiscal position as the Senate is considering a measure to cut off funding for Obama's healthcare law. Though, the domestic markets got some support with the positive opening of the European markets, which rose ahead of the reports on German business confidence and US home prices. For the upcoming sessions spot index may continue its range bound journey however 6190-6230 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 in a short span of time.

Index
SENSEX NIFTY BANK NIFTY

Support 2
19430 5762 9702

Support 1
19705 5822 9988

Previous Close
19920 5892 10202

Resistance 1
20390 5948 10498

Resistance 2
20505 6005 10745

Trend
Rangebound Rangebound Rangebound

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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 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