2013: Issue 400, Week: 9th - 12th December

A Weekly Update from SMC

(For private circulation only)

Brand smc 223

WISE M NEY

From The Desk Of Editor

Contents
Equity

4-7

Derivatives

8-9

Commodity

10-13

he markets across the globe rallied during the November month, led by

easing of fears of US Fed tapering as well as improving economic data

points, but the first week of December witnessed a sense of nervousness

Currency

14

in the markets. Actually, better-than-expected economic growth and weekly

IPO

15

jobless claims reports have raised concern that Fed may pare back monthly bond

Fixed Deposit

16

purchases in the coming months. Moreover, in the recent European Central Bank

17-18

meeting, Mario Draghi gave no fresh indication that it would ease policy anytime

Mutual Fund

soon and this supported the market. But he said that the ECB is "ready and able to
EDITORIAL STAFF
Editor

Saurabh Jain

act" if inflation shows signs of being too low for too long. Also, the Japan's cabinet

Executive Editor

Jagannadham Thunuguntla

has approved a $182 billion package to pull the economy out of deflation. No

+Editorial Team
Dr. R.P. Singh
Vandana Bharti
Sandeep Joon
Vineet Sood
Dhirender Singh Bisht
Parminder Chauhan
Mudit Goyal

Nitin Murarka
Tejas Seth
Dinesh Joshi
Shitij Gandhi
Subhranil Dey
Ajay Lakra

doubt, an improving U.S. economy, China's biggest export market, and Central
Bankers efforts to support their respective economy have brightened the outlook
for 2014. Actually markets across the world were affected by the fear of tapering
US quantitative easing programme, strengthening of the US dollar, and slowdown
in China and other developed countries.

Content Editor
Graphic Designer
Research Executive

Kamla Devi
Pramod Chhimwal
Sonia Bamba

Back at home, if BJP comes into power in all four states, market sentiment is
likely to improve from here. However, the 2014 general elections are likely to be

REGISTERED OFFICES:
11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005.
Tel: 91-11-30111000, Fax: 91-11-25754365
MUMBAI OFFICE:
Dheeraj Sagar, 1st Floor, Opp. Goregaon sports Club, Link Road
Malad (West), Mumbai 400064
Tel: 91-22-67341600, Fax: 91-22-28805606
KOLKATA OFFICE:
18,Rabindra Sarani, Poddar Court, Gate No-4, 4th & 5th Floor,
Kolkata-700001
Tel : 91-33-39847000/39801300, Fax No : 91-33-39847004
AHMEDABAD OFFICE :
10/A, 4th Floor, Kalapurnam Building, Near Municipal Market,
C G Road, Ahmedabad-380009, Gujarat
Tel : 91-79-26424801 - 05, 40049801 - 03
CHENNAI OFFICE:
Salzburg Square, Flat No.1, III rd Floor, Door No.107, Harrington Road,
Chetpet, Chennai - 600031.
Tel: 044-39109100, Fax -044- 39109111
SECUNDERABAD OFFICE:
206, 3rd Floor, above CMR Exclusive, Bhuvana Towers, S.D.Road,
Secunderabad - 500003
Tel: 91-40-30780298/99, 39109536
DUBAI OFFICE:
312, Belshalat Building, Al Karama, Dubai, P.O. Box 117210, U.A.E.
Tel: 97143963120, Mobile : 971502612483
Fax : 9714 3963122
Email ID : pankaj@smccomex.com
smcdmcc@gmail.com

a "big swing factor" for the Indian stock market going ahead. India will always
remain favorable destination for FII as they stick to companies' fundamentals and
their performances before making an investment decision.

India's Index of

Industrial Production (IIP) number, which is scheduled to be released on 12th

December, is likely to remain muted due to decline in output of eight core sector
industries. The eight core industries have a combined weight of about 38 per cent
in the IIP. The Fed meeting scheduled on 17th -18th December, 2013 and the RBI
monetary policy meeting scheduled on 18 December will also be important
events to watch out for.

As regards commodities market, it was really choppy last week owing to various
news and events. The bullion counter saw wild swings ahead of expiry. Supply
tightness added premium in gold in the physical market. OPEC agreed to keep its
production quota unchanged at 30 million barrels a day at least until June even as
Libya, Iran and Iraq plan to boost exports in coming months. Fed next meet on
Dec. 17-18 will give next direction to the commodities prices. Here at home,
elections results of various states will give impact on the currency move, which

Printed and Published on behalf of

Mr. Saurabh Jain @ Publication Address

ultimately influence the commodities prices in the domestic market.

11/6B, Shanti Chamber, Pusa Road, New Delhi-110005

Website: www.smcindiaonline.com
Investor Grievance : smc@smcindiaonline.com
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(Saurabh Jain)

NEWS

TREND SHEET

DOMESTIC NEWS
Economy

India's current account deficit fell to $5.2 billion, equivalent to 1.2 percent
of gross domestic product, from $21 billion or 5 percent of GDP registered
during the same period of last year. The lower current account deficit was
primarily on account of a decline in the trade deficit as merchandise exports
picked up and imports moderated, particularly gold imports.

According to a survey by Markit Economics and HSBC, India's service sector

business activity contracted for a fifth consecutive month in November.
The headline seasonally adjusted business activity index, a gauge of
service sector performance, posted 47.2 in November, up slightly from
47.1 in October. Readings below 50 suggest contraction of the sector.
Automobile

Tata Motors will invest around 30 million pounds (over Rs 300 crore) in the
National Automotive Innovation Campus (NAIC), as part of its
commitment for long term R&D in the UK.
Diamonds, Gems and Jewellery

Titan Company Ltd has forayed into the `400 crore organised helmet
market under its Fastrack brand, priced between `1,495 and `3,495.
Oil & Gas

Petronet LNG Ltd, India's largest buyer of liquid gas, has hired a fourth
LNG ship from a consortium of state-owned Shipping Corp of India (SCI)
and Japanese lines for $75,000-80,000 per day.
Telecom

Idea Cellular has received a grant of over $1 million from the US Trade &
Development Agency (USTDA) to fund a pilot project involving
deployment of Solar Hybrid Methanol-Based Fuel Cell (SHMBFC) at
telecom sites in India.
Pharmaceuticals

Strides Arcolab, the publicly held pharmaceutical company, has

completed the sale of Agila Specialties to Nasdaq-listed Mylan Inc for a
total consideration of upto $1.75 billion.
Power

NTPC announced that its Unit-I of 660 MW of Barh Super Thermal Power
Project Stage-Il has been commissioned effective from 30 November 2013
and the total installed capacity of NTPC group has become 42454 MW.

Reliance Power announced that pre-commissioning activities have

commenced for its Concentrated Solar Power (CSP) project in Rajasthan's
Jaisalmer district based on CLFR technology. The 100 MW CSP plant is
being built at a cost of `2100 crores, adjacent to 40 MW solar photovoltaic
projects commissioned by the company last year.
Engineering

IL&FS Transportation Networks announced that its subsidiary, ITNL

International in Singapore has entered into a joint venture agreement
with companies established and existing under the laws of China namely,
Chongqing Expressway Group Company, Jiangsu Transportation Institute
and China Railway 13th Bureau Group Co.
INTERNATIONAL NEWS

US new home sales jumped 25.4 percent to a seasonally adjusted annual rate

of 444,000 in October after sliding 6.6 percent to 354,000 in September.

Economists had expected new home sales to come in at a rate of 425,000.

US trade deficit narrowed to $40.6 billion in October from a revised $43.0

billion in September. The narrower deficit came as the value of exports
jumped 1.8 percent to $192.7 billion in October from $189.3 billion in
September. The value of imports showed a more modest increase, edging
up by 0.4 percent to $233.3 billion in October from $232.3 billion in the
previous month.

US non-manufacturing index fell to 53.9 in November from 55.4 in

October, hitting its lowest level since June. A reading above 50 indicates
continued growth in the service sector, but economists had expected the
index to inch up to a reading of 55.5.

The ECB has kept its benchmark interest rate at a record low of 0.25%. The
decision follows its surprise cut from 0.5% in November.

Eurozone's Gross Domestic Product (GDP) expanded 0.1 percent quarteron-quarter in the third quarter after exiting the region's longest-ever
recession in the second quarter with a GDP growth of 0.3 percent.

Euro Area retail sales volume decreased 0.2 percent month-on-month in

October, following a 0.6 percent fall in September. Economists had
forecast sale to stay unchanged in October.

Stocks

Closing

Trend

Price

Date

Rate

Trend

Trend

S1 R1

S2

R2

Cl.
S/l

Changed Changed
20958

UP

12.09.13

19317 20200

S&P NIFTY

SENSEX

6241

UP

12.09.13

5728

5850

5750

5780

CNX IT

8835

UP

18.07.13

7306

8500

8200

8000

UP

19.09.13

11149 11000

CNX BANK
ACC

11665
1107

DOWN 13.11.13

1041

19800

19400

10600
1080

10500
1100

1120

BHARTIAIRTEL

335

UP

12.09.13

329

340

330

320

BHEL

171

UP

05.09.13

138

155

150

145

CIPLA

388

DOWN 21.11.13

387

405

410

415

DLF

156

DOWN 26.09.13

136

150

160

165

HINDALCO

122

UP

29.08.13

107

110

105

100

ICICI BANK

1136

UP

12.09.13

951

1060

1020

1000

INFOSYS

3351

UP

18.07.13

2800

3200

3070

3020

ITC

309

L&T

1086

DOWN 13.11.13
UP

19.09.13

888

314
1020

330
980

336

950

340

MARUTI

1700

UP

19.09.13

1480

1600

1570

1530

NTPC

144

UP

26.09.13

150

145

140

135

ONGC

291

UP

31.10.13

294

280

270

265

RELIANCE

871

UP

12.09.13

875

850

840

830

TATASTEEL

421

UP

22.08.13

274

380

360

350

NOTES:
1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name
of "Morning Mantra ".
2) S1 & S2 indicate first support & second support respectively & R1 & R2 indicate first resistance and second
resistance respectively.
3) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength
coming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and
taking a long-term view and not a short-term view.

FORTHCOMING EVENTS
EX-DATE
9-DEC-13
10-DEC-13
12-Dec-13
18-DEC-13
18-DEC-13
19-DEC-13
BOARD MEETING
9-DEC-13
9-DEC-13
10-DEC-13
12-DEC-13
13-DEC-13

SYMBOL
COLPAL
ONGC
VIDEOIND
HCLTECH
ALOKTEXT
EDL
SYMBOL
MAHABANK
AHLUCONT
STAR
VIJAYABANK
HEXAWARE

16-DEC-13
16-DEC-13
16-DEC-13

PNB
IOB
CORPBANK

19-DEC-13

ANDHRABANK

20-DEC-14
24-DEC-14
24-DEC-14

MIRC
DENABANK
ALLAHABAD BANK

26-DEC-14
30-DEC-14

IDEA
CANBK

PURPOSE
SECOND INTERIM DIVIDEND - `9/- PER SHARE
INTERIM DIVIDEND
DIVIDEND - `2/- PER SHARE
FINAL DIVIDEND - `6.00
DIVIDEND - `0.30/- PER SHARE
DIVIDEND - `1/- PER SHARE
PURPOSE
PREFERENTIAL ISSUE
RIGHT ISSUE
DIVIDEND
PREFERENTIAL ISSUE
AMENDMENTS IN ARTICLES OF
ASSOC.,CHANGE IN DIRECTORS
PREFERENTIAL ISSUE
PREFERENTIAL ISSUE
PREFERENTIAL ISSUE,PRIVATE PLACEMENT
BASIS,QUALIFIED INSTITUTIONS PLACEMENTS
PREFERENTIAL ISSUE,RAISING OF
CAPITAL,QUALIFIED INSTITUTIONS PLACEMENTS
RIGHT ISSUE,RAISING FUNDS THROUGH DEBT INSTR.
PREFERENTIAL ISSUE
PREFERENTIAL ISSUE,QUALIFIED
INSTITUTIONS PLACEMENTS
FII INVESTMENT
RAISING OF CAPITAL

INDIAN INDICES (% Change)

SECTORAL INDICES (% Change)

5.00

1.70

1.80
1.60

4.46
3.87

4.00

1.40
3.00

1.20

2.63

1.05

2.24

0.94

1.00

2.00

0.80

0.80

1.00

0.51

0.60
0.40

0.58

0.51

0.14

0.38

0.00
-0.14

0.20

-1.00

-0.24

-0.65

0.00
Nifty

Sensex

BSE Midcap

BSE
Smallcap

Nifty Junior

-2.00

S&P CNX
500

-3.00

SMC Trend
Nifty Sensex

-3.02

BSE Midcap

Nifty Junior

BSE Smallcap

-4.00

S&P CNX 500

Auto
Index

Cap Goods
Index

Bankex

Cons
FMCG
Durable
Index
Index

IT
Index

Healthcare
Index

Oil & Gas

Index

Metal
Index

Power
Index

Realty
Index

GLOBAL INDICES (% Change)

SMC Trend
Auto
Cap Goods
Bank
Cons Durable
Realty

2.00
1.20

FMCG
Healthcare

IT
Metal

Oil & Gas

Power

1.00
0.00
-1.00

INSTITUTIONAL ACTIVITY (Equity) (` Crore)

-0.66

-0.71

1000.00

-1.15
-1.65

-2.00

-2.29

794.50

745.60

800.00

-1.64

521.90

600.00

-3.00
-3.09

400.00

-4.00

181.60

200.00

167.70
54.40

-4.55

-5.00
Nasdaq
Comp.

Dow Jones

S&P 500

Nikkei

Strait Times Hang Seng Shanghai

Comp.

FTSE 100

CAC 40

0.00
-200.00
-171.50

SMC Trend
Nasdaq
Dow jones
S&P 500

Nikkei
Strait times

Hang Seng
Shanghai

Friday

FTSE 100
CAC 40

Monday

FII Activity

Up

Down

Tuesday

Wednesday

MF Activity

Sideways

BSE SENSEX TOP GAINERS & LOSERS (% Change)

NSE NIFTY TOP GAINERS & LOSERS (% Change)

12.00
10.00

-239.10

-400.00

12.00

9.34

10.00

9.29

9.59

9.26
8.51
7.40

8.00

8.00

7.28

6.39
6.00

5.15

6.00

4.97

4.00

4.00

2.00

2.00

0.00

0.00
-2.00

-2.00
-2.89

-4.00

-2.58

-2.24
-4.00

-3.51
-4.72

-6.00
Jindal Steel

BHEL

ICICI Bank

Tata Steel

Tata Power
Co.

Hind.
Unilever

Dr Reddy's
Labs

ONGC

NTPC

-2.74

Dr Reddy's
Labs

ONGC

-2.31

-4.94

-6.00

ITC

-2.82
-3.64

BHEL

Jindal Steel

IDFC

Axis Bank

NMDC

Hind.
Unilever

ITC

NTPC

Beat the street - Fundamental Analysis

NEYVELI LIGNITE CORPORATION LTD
VALUE PARAMETERS
Face Value (`)
52 Week High/Low
M.Cap (`Cr.)
EPS (`)
P/E Ratio (times)
P/B Ratio (times)
Dividend Yield (%)
Stock Exchange

Foreign
Institutions
Non Promoter Corporate
Holding
Promoters
Public & Others

90

` in cr

Revenue
EBITDA
EBIT
Pre-tax Profit
Net Profit
EPS
BVPS
ROE

Actual
FY Mar-13
5590.10
2007.10
1494.80
1884.30
1297.40
7.73
77.19
10.40

Estimate
FY Mar-14 FY Mar-15
6065.40
6499.80
2278.80
2488.10
1903.20
2111.80
1940.60
2189.50
1326.40
1516.10
8.57
8.99
83.52
90.36
10.50
10.80

IPCA LABORATORIES LTD

Face Value (`)
52 Week High/Low
M.Cap (`Cr.)
EPS (`)
P/E Ratio (times)
P/B Ratio (times)
Dividend Yield (%)
Stock Exchange

2.00
744.05/443.00
8207.42
24.97
26.05
5.28
0.61
BSE

% OF SHARE HOLDING
10.98

Foreign
25.59

Institutions
Non Promoter Corporate
Holding
12.35
45.89
5.19

Promoters
Public & Others

` in cr

Actual
FY Mar-13
Revenue
2753.70
EBITDA
623.20
EBIT
536.50
Pre-tax Profit
454.30
Net Profit
323.60
EPS
25.65
BVPS
123.12
ROE
23.00

Mozambique, USA and Colambia.

For the Audited full year, net profit rose 3.3% to

Government of India Enterprise, is engaged in

lignite excavation and power generation using
lignite excavated. Currently, the Government owns
90 per cent in this company.

`1457.75 crore in the year ended March 2013 as

against `1411.33 crore during the previous year
ended March 2012. Sales rose 14.9% to `5590.07
crore in the year ended March 2013 as against
`4866.85 crore during the previous year ended
March 2012.

The aggregate installed capacity of all lignite mines

stands at 30.6 MTPA as on 31st March, 2013 and the

present installed capacity of thermal power plants
of your Company is 2740 MW.
and power sectors during the 12th five year plan.
The company would invest `26,728 crore in power
projects and `2,510 crore in coal projects. NLC will
expand a number of ongoing projects which include
mines at Neyveli and Barsingsar in Rajasthan and
power plant at Tuticorin during the period.

Estimate
FY Mar-14 FY Mar-15
3290.50
3836.60
770.40
903.30
672.80
796.50
606.60
782.10
475.20
582.60
38.19
46.21
153.13
203.20
26.60
26.50

Valuation
The company has been adhering to normal production
schedule. The company was looking to acquire two to
three assets abroad for supply of two to 10 million
tonnes of coal in a year. On the estimated FY15E EPS
of `8.99 and two year average P/Ex of 9.09x, we
expect the stock to see a price target of `82 in one
year time frame.

The company plans to setup a wind farm with the

investment of `364.75 crore and solar power

project at a cost of `13,319 crore. The corporation
has been already working on the Underground Coal
Gasification (UCG) Projects. The UCG project at
Raneri in Rajasthan would be taken up through a
suitable developer through competitive bidding
while the projects in Rajasthan and Gujarat would
be implemented jointly with Oil and Natural Gas
Corporation (ONGC).

P/BV Chart

The company has floated Expression of Interest for

acquiring coal assets abroad and for long-term

supplies for the upcoming power plants and is
looking at such supplies from Indonesia, Australia,

CMP: 650.35

VALUE PARAMETERS

Upside: 35%

Neyveli Lignite Corporation Limited, a Navratna

The company would invest `29,239 crore in coal

0.16

4.89 4.81

Target Price: 82

Investment Rationale
10.00
87.80/49.00
10192.09
7.55
8.05
0.79
4.61
BSE

% OF SHARE HOLDING
0.14

CMP: 60.75

Target Price: 883

Investment Rationale

IPCA Laboratories is a fast growing pharmaceutical

major, with a strong thrust on exports. The
company exports to over 120 countries. Ipca
Laboratories is vertically integrated and produces
finished dosage forms and APIs. The Company has
10,909 permanent employees as on 31st March,
2013 out of which 5,568 employees are engaged in
the marketing and distribution of Company's
pharmaceuticals.

The company has planned a capital expenditure

of `300-325 crore for the FY14. The majority of
the Capex will go to the expanding the
formulation facilities.

The US FDA found acceptable the Company's oral

solid dosage formulations manufacturing facility
situated at Pharmazone, Special Economic zone
(SEZ) Indore, Pithampur, Madhya Pradesh. This
will enable the Company to commercialize oral
solid dosage formulations in the US market from
this formulations manufacturing facility. It
expects the shipments to start in Q4'FY14. Once
this facility commences, it expects the
incremental business to the US market will be
`80-100 crore for FY'15.

It has filed 36 ANDAs and received approval for the

20 products (commercialized 9) with US FDA as on
30th September 2013.

The company has entered into an agreement with

Avik Pharmaceutical (Avik) to acquire 50% of its paidup equity share capital, partly through purchase of
equity shares from its existing shareholders and
partly through subscription to its fresh equity share
capital on a preferential allotment basis, both
aggregating to approx `6.51 crore.

Upside: 36%

The margins are higher and had positive impact

due to currency gains, positive inventory impact

(40% are imports, benefited inventory valuation),
and the rest is due to the better product mix and
higher realizations during the quarter.

Net profit of Ipca Laboratories rose 3.49% to

`129.45 crore in the quarter ended September
2013 as against `125.09 crore during the previous
quarter ended September 2012. Sales rose 10.13%
to `834.27 crore in the quarter ended September
2013 as against `757.52 crore during the previous
quarter ended September 2012.
Valuation
With the increasing market share and robust product
pipeline in key products, revival of ani-malaria
segment revenues; company's revenue flow looks
visible. On the estimated FY15E EPS of `46.21 and
three year average P/Ex of 19.10x, we expect the
stock to see a price target of 883 in one year time
frame.

P/E Chart

Above calls are recommended with a time horizon of 1 year.

Source: Company Website

Reuters
Capitaline

EQUITY

GAIL

The stock closed at `347.50 on 06th December 2013. It made a 52-week low at
`272.20 on 28th August 2013 and a 52-week high at `395.85 on 18th January
2013. The 200 days Exponential Moving Average (EMA) of the stock on the weekly
chart is currently at `352.70.
It has formed base at lower levels and trading near its 200 EMA in last few weeks.
Looking at the volume, we anticipate that it will give a sharp rise in the near
term and reach our desired targets. One can Buy 342-344 levels with closing
below stop loss of 328 levels for the target of 365-370 levels.

RELCAPITAL

The stock closed at `394.50 on 06th December 2013. It made a 52-week low at
`289.50 on 28th August 2013 and a 52-week high at `507.95 on 07th January
2013. The 200 days Exponential Moving Average (EMA) of the stock on the weekly
chart is currently at `474.61.
It has come out of consolidation and last week it gave a sharp spurt with
volumes, which is a bullish sign. One can Buy in the range of 389-391 levels with
closing below stop loss of 377 levels for the target of 410-420 levels.

UCOBANK

The stock closed at ` 78.80 on 06th December 2013. It made a 52-week low at
`47.20 on 28th August 2013 and a 52-week high of `86.80 on 09th January 2013.
The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart
is currently at `69.66.
It has crossed its 200 EMA, which is indication of upward momentum. One can
Buy in the range of 75-77 levels with closing below stop loss of 69 levels for the
target of 89-91 levels.

Charts by Spider Software India Ltd

Above calls are recommended with a time horizon of 1-2 months

DERIVATIVES
WEEKLY VIEW OF THE MARKET
The Index traded sideways with positive bias throughout the week. Overall market cost-of-carry increased on the back of addition in open interest on the long side
indicating long buildup from current level. The month of December began with good rollover with positive cost of carry indicating long carry forward, but post election
poll results Nifty saw gap up opening and profit booking from resistance of 6300 levels. The scenario in the market currently remains bullish. Nifty December futures
closed with 60 points premium. Hereafter, the range of 6220-6300 will remain crucial in the near term. Breach below the 6200 mark could see the Index declining
sharply to 6000 levels. Put-call ratio of open interest closed at 1.02 indicating call writing. Options open interest concentration shifted to the 6000 strike put option
with open interest of above 50 lakh shares. The 6500 call-option strikes have maximum IO of more than 60 lakh shares. The implied volatility (IV) of call options closed
at 21.86%. While the average IV of put options was 22.10%. The Nifty VIX for the week closed at 22.21. Short term indicators are indicating upside momentum to
continue above 6220. It is likely to hover in the range of 6200-6500 levels for the week. The Index is likely to test the 6400 mark.

DERIVATIVE STRATEGIES
BULLISH STRATEGY

OPTION
STRATEGY

BEARISH STRATEGY

TITAN
Buy DEC 240. CALL 5.35
Sell DEC 250. CALL 2.75

GODREJ IND
Buy DEC 290. CALL 7.45
Sell DEC 300. CALL 3.50

LIC HOUSING
Buy DEC 200. PUT 6.30
Sell DEC 190. PUT 3.20

Lot size: 1000

BEP: 242.60
Max. Profit: 7400.00 (7.40*1000)
Max. Loss: 2600.00 ( 2.60*1000)

Lot size: 1000

BEP: 294.95
Max. Profit: 6050.00 (6.05*1000)
Max. Loss: 3950.00 ( 3.95*1000)

Lot size: 1000

BEP: 196.9
Max. Profit: 6900.00 (6.90*1000)
Max. Loss: 3100.00 ( 3.10*1000)

ALBK (DEC FUTURE)

FUTURE
STRATEGY

GODREJ IND (DEC FUTURE)

TATA MOTOR (DEC FUTURE)

Buy:

Around `94

Buy:

Around `285

Sell:

Below `392

Target:

`98

Target:

`292

Target:

`384

Stop loss: `92.5

Stop loss: `281

Stop loss: `396

BASIS GAP IN NIFTY

NIFTY TOTAL OPEN INTEREST (in share)

60

7000000

6000000

5646200

5783200

50

4864100
5000000
3964400 4170700
4000000

4074100

40

3738200

3634350
3339600

3274150

30

3000000
2367500
2000000

1732850

1735950

1657400

1848700

20

1113750
1000000
409050

499200

5700

5800

629550

560950

987000
431550

10

0
5500

5900

6000

Call

6100

6200

6300

6400

6500

6600

0
21-Nov

Put

22-Nov

25-Nov

26-Nov

27-Nov

28-Nov

29-Nov

02-Dec

03-Dec

04-Dec

FIIs ACTIVITY IN F&O IN LAST TEN SESSIONS

FIIs ACTIVITY IN INDEX FUTURE (F&O) IN LAST WEEK

(Derivative segment) `(Cr)

(Derivative segment)

05-Dec

3500.00
2921.53

3000.00
2500.00

2047.79

2000.00

1884.51

1670.24

1300.90

1500.00

1272.35

1000.00
500.00

SELL
18.1%

BUY
81.9%

426.94

0.00
-500.00

-337.02

-1000.00

-780.17

-896.72

-1500.00
22-Nov

25-Nov

26-Nov

27-Nov

28-Nov

29-Nov

02-Dec

03-Dec

04-Dec

05-Dec

DERIVATIVES
NIFTY ANALYSIS

NIFTY & IV CHART

6400

25
24

Put Call Ratio Analysis : The Put-Call open interest ratio of Nifty has decreased
to 1.02 from 1.16. At the end of the week, the maximum stocks had a positive of
change in put call open interest ratio.

6300
23
6200

22
21

6100
20
6000

Implied Volatility Analysis : The Implied Volatility (IV) for Nifty futures this week
has increased to 21.86% from 20.68%. The IV of the stock futures has changed this
week ranging from -3.41% to 19.91%.
Open Interest Analysis : The open interest for the index at the end of this week
has increased by 4.75% as compared to the previous week. All future stocks saw
changes in their open interest ranging from -8.48% to 27.72%. HINDUNILVR has
the maximum increase in open interest as compared to other stocks.

19
29-Nov

02-Dec
Nifty Close

03-Dec

Statistical Analysis
Open
6162.00
Low
6148.80

04-Dec

IV

High
Close

6341.40
6279.95

IMPORTANT INDICATORS OF NIFTY AND OTHER ACTIVE FUTURE CONTRACTS

OPEN INTEREST
SCRIPTS
BHARTIARTL

PREV.*
WEEK
12726000

CURRENT**
WEEK
12472000

DLF

26697000

HINDALCO

PCR RATIO

IMPLIED VOLATILITY

%
CHANGE
-2.00

PREV.*
WEEK
0.40

CURRENT**
WEEK
0.51

26414000

-1.06

0.46

0.52

0.06

52.70

54.15

1.45

21338000

22292000

4.47

0.59

0.58

-0.01

39.77

41.99

2.22

4406500

5628000

27.72

1.03

0.57

-0.46

20.66

21.95

1.29

10134000

9780250

-3.49

0.64

1.04

0.40

35.48

40.25

4.77

IDEA

7448000

6976000

-6.34

0.38

0.41

0.03

36.21

33.93

-2.28

INFY

3042250

3176000

4.40

1.05

0.85

-0.20

18.29

18.76

0.47

ITC

26233000

31152000

18.75

0.58

0.43

-0.15

23.94

25.65

1.71

JPASSOCIAT

54948000

50288000

-8.48

0.86

0.87

0.01

64.11

66.91

2.80

NTPC

12818000

15948000

24.42

0.46

0.50

0.04

24.72

26.17

1.45

ONGC

10187000

11361000

11.52

0.71

0.56

-0.15

29.97

29.49

-0.48

RANBAXY

10543500

10433000

-1.05

0.55

0.57

0.02

41.90

43.93

2.03

RCOM

33800000

34916000

3.30

0.58

0.52

-0.06

44.47

48.89

4.42

RELIANCE

12910500

12429750

-3.72

0.49

0.58

0.09

24.32

25.24

0.92

18177100

19039750

4.75

1.16

1.02

-0.14

20.68

21.86

1.18

SAIL

19960000

20068000

0.54

0.49

0.62

0.13

40.47

37.06

-3.41

SBIN

5847250

5812000

-0.60

0.90

0.99

0.09

34.64

37.95

3.31

14751000

15907000

7.84

0.96

1.24

0.28

35.31

38.20

2.89

120680000

123936000

2.70

0.44

0.34

-0.10

59.13

79.04

19.91

HINDUNILVR
ICICIBANK

NIFTY

TATASTEEL
UNITECH

CHANGE
0.11

PREV.
WEEK
31.98

CURRENT
WEEK
33.47

CHANGE
1.49

* Nov Series ** Dec Series

SPICES

BULLIONS

Turmeric futures (Apr) is expected to consolidate in the range of 5600-5800

levels. The upside may remain capped on the back of slack upcountry
orders and arrival of poor quality turmeric. Moreover, there are talks that
the new harvesting season of turmeric crop might begin from the endDecember in some parts of Andhra Pradesh due to early plantation by
farmers. The fresh arrivals of turmeric in Andhra Pradesh normally begins
from mid- January. So anticipation of early harvesting of the new crop has
propelled strong stockist selling in local mandies. Cardamom futures (Jan)
will possibly plunge further breaching 720 levels. Market participants are
keeping away from fresh buying, in fear that the counter may fall further if
arrivals continue to remain at current levels. On the contrary, a stronger
rupee at high of 61.52 against the dollar, its strongest level since Oct 31, is
trimming the profit margins of exporters. The total arrivals during the
season up to December 1 were 9,001 tonnes as against 4,596 tonnes during
the same period a year ago. Sales totalled 8,792 tonnes and 4,379 tonnes
respectively. The weighted average price as on December 1 stood at around
`605.31 a kg against `758.44 a kg as on the same date a year ago. Jeera
futures (Mar) might slip further breaching 12700 levels. It being indicated
that the sowing is turning normal after weather disturbances in Gujrat and
some southern states. Moreover, the higher stocks in Unjha mandi around 8
10 lakh bags is adding to the bearish momentum.

OIL AND OILSEEDS

The short covering in mustard futures (Jan) is likely to remain capped near
3840 levels. According to the Mustard Research and Promotion Consortium
(MRPC), India's mustard production is expected to increase by 11% to 78 lakh
tonnes as climate conditions are quite favourable for the sowing of crop this
year. Refined soy oil futures (Jan) is expected to fall towards 690 levels on
lackluster buying against moderate supplies and strong Indian rupee against
US dollar, making imports cheaper. The rupee rose to as high as 61.52
against the dollar, its strongest level since Oct 31. Soybean futures (Jan)
may test 3650 levels. The oil mills are cautiously buying soybeans as signing
new soymeal export deals has become difficult due to disparity in local and
overseas prices. Talks of Iranian soy meal buyers may switch to Argentinean
and Brazilian buyers due to lower quotes and nuclear deal between Iran and
global powers may limit gains. On CBOT, U.S soybean futures are expected
to consolidate supported by steady export demand. Sales of just 47,000
metric tonnes are needed each week to reach the USDA forecast. On top of
the weekly sales, exporters reported a daily sale of 110,000 tonnes of US
soybeans to China for the 2014/15 season. CPO futures (Jan) is expected to
take support above 560 levels. The monsoon season in Malaysia, which
brought heavy rains and thunderstorms over most parts of Peninsular
Malaysia, has caused severe floods in low-lying areas where the chunk of the
country's oil palm is grown. The rising waters have disrupted harvesting of
fresh fruit bunches and cut off transportation to mills.

OTHER COMMODITIES
Guar complex is likely to remain stable supported by factors such as lower
level buying by guargum millers along with restricted supplies by stockiest in
local mandies. Farmers have started bringing in supplies from the new harvest
into local markets. Daily arrivals have been around 80,000-100,000 bags (100
kg each). Sugar futures (Jan) will possibly test 2730 levels, pressurized by
ample supply from mills. It is being reported that the mills in Uttar Pradesh,
the largest cane grower in India, will start operating by Dec. 12. Adding to it,
inventories in India surged to a five-year high of 8.85 million tonnes at the
start of this season, enough to meet demand for four months. On the demand
side, exports demand is bleak in near term as raw sugar on ICE Futures U.S. in
New York made a low of 16.55 levels, the lowest for a most-active contract
since Sept. 9, extending the longest slide since August 2012. As cited by the
Office of the Cane and Sugar Board of Thailand, the country aims to increase
sugar production by 10% to 11 million metric tonnes even after crushing was
delayed. Kapas futures (Apr) is expected to trade in the range of 915-960
levels. The Cotton Corporation of India (CCI) will open 91 purchasing centres
in Andhra Pradesh for the 2013-14 season, to procure cotton damaged in the
recent cyclones and floods, besides procuring cotton from other parts of the
State. Globally, according to International Cotton Advisory Committee in
2013/14 world production is expected to outpace world consumption with
2013/14 world production projected at 25.6 million tons, down by 1.2 million
tons from last season. World cotton consumption is forecast at 23.8 million
tons in 2013/14, up 2% from last season with an upward revision of 85,000 tons
in India from last month.

Bullion counter is expected to remain on subdued path on the fear that

Federal Reserve will curb stimulus as the US economy strengthens. Local
currency rupee can strengthen further and can test 61-60.5 which can keep
the yellow metal upside capped. Gold may move in the range of 2830029900 in MCX. White metal silver can hover in the range of 43000-45800.
COMEX gold tumbled 27 percent this year, set for the first annual loss since
2000, on speculation the Fed will begin paring its $85 billion in monthly bond
purchases as the economy picks up. Recently Fed Reserve Bank of Atlanta
President Dennis Lockhart stated that any decision to taper should be
accompanied by a limit on the size of the program or a timetable for ending
it. Policy makers next meet Dec. 17-18. Minutes of the Federal Reserve's
October meeting released Nov. 20 showed that policy makers expected an
improving economy will allow the central bank to trim its debt purchases in
coming months. Bullion rose 70 percent from December 2008 to June 2011
as the central bank pumped more than $2 trillion into the financial system.
Gold silver ratio continues to scale higher and can test 65 as silver fell at
faster pace than yellow metal. Domestic gold supply restriction may keep
the prices on firm note. Gold premiums in India touched a record high at
$160 an ounce due to restricted supplies amid wedding season. According to
World Gold Council China's gold supply shortfall is expected to reach 700800 tonnes this year due to strong physical demand

ENERGY COMPLEX
Recovery in Crude oil can persist further amid falling inventories and
improvement in US economic numbers. According to Energy Information
Administration data Crude inventories slid for the first time in 11 weeks in
the period ended Nov. 29. U.S. gross domestic product expanded at a 3.6
percent annual rate in the third quarter. Overall crude oil can move in the
range of 5850-6250 in MCX and $94-100 in NYMEX. Refineries boosted their
operating rate to 92.4 percent, the most since September. Weekly
petroleum consumption climbed 1.7 percent last week to 20 million barrels
a day. Brent and WTI crude oil spread can narrow further and can test 11 in
near term. Recently this spread has narrowed from 17 to 13. West Texas
Intermediate's discount to Brent shrank to the narrowest level in two weeks
as the U.S. economy improved more than forecast in the third quarter and
supply slid amid rising demand. The spread has tightened more than $4 in
three days as refineries processed more crude, trimming stockpiles, and
TransCanada Corp. (TRP) said it will start a pipeline to Texas from Oklahoma
next month. Winter demand can assist Natural gas higher as it can test 265 in
MCX. The Energy Information Administration reported that natural-gas
stockpiles fell by 162 billion cubic feet in the week ended Nov. 29, the
biggest withdrawal since February. According to MDA Weather Services
Intense, potentially record-breaking cold" could spread across the nation in
the next week to 10 days, starting on the West Coast

BASE METALS
Base metals complex may trade in range with some buying seen at the lower
levels. China plans to roll out financial sector reforms in the Shanghai
special economic zone in the next three months and most will be
implemented in a year as leaders quicken the implementation of reforms to
support growth. Red metal copper can trade in the range of 440-460. Russia
may scrap a 5 percent export duty on nickel and copper in 2014, two years
earlier than planned, to support indebted metals and mining companies.
Zinc prices can hover in the range of 113-119 in MCX. Nickel prices can trade
in the range of 830-900 in MCX. Indonesia, the top exporter of mined nickel
stated that plan to ban ore exports will proceed next month. China's refined
nickel importers are negotiating 2014 term deals with suppliers that give
them the flexibility of adjusting shipment volumes depending on how
Indonesia's proposed ban on ore exports turns out. Battery metal lead can
move in the range of 125-132. According to the ILZSG data global supply of
refined Zinc metal has exceeded demand by 44000 tonne during Jan-June
2013. Total reported inventory levels over this period decreased by 123000
tonne. Aluminum can move in the range of 106-110. Norsk Hydro, one of the
world's largest producers of aluminium, will increase capital expenditure by
almost 40 percent next year to modernize equipment in expectation of
accelerating global demand over the next decade. As per Glencore Xstrata
Plc Indonesia will export 60 million tonnes of nickel ore in 2013 from 45
million tonnes in 2012 due to record shipments to China

10

COMMODITY
TREND SHEET
EXCHANGE CONTRACT

CLOSING
PRICE*

NCDEX

SOYABEAN (DEC)

NCDEX

JEERA (DEC)

DATE TREND

TREND

CHANGED

RATE TREND

S1

R1

S2

R2

CHANGED

CLOSING
STOP/LOSS

3756.00

10.10.13

UP

3681.00

3600.00

12407.50

03.10.13

DOWN

12607.00

13000.00

3300.00

3050.00

13500.00

13700.00

NCDEX

RED CHILLI (DEC)

6638.00

10.10.13

UP

6074.00

6400.00

6200.00

6000.00

NCDEX

RM SEEDS (DEC)

3716.00

13.11.13

UP

3816.00

3500.00

3300.00

3100.00

MCX

MENTHA OIL (DEC)

865.10

13.11.13

SIDEWAYS

MCX

CARDAMOM (JAN)

726.80

28.02.13

DOWN

965.00

800.00

830.00

860.00

MCX

SILVER (MARCH)

44461.00

26.09.13

DOWN

48639.00

48000.00

51000.00

55000.00

MCX

GOLD (FEB )

29205.00

26.09.13

DOWN

29865.00

30500.00

31100.00

31800.00

MCX

COPPER (FEB)

447.10

12.09.13

DOWN

459.25

460.00

480.00

490.00

MCX

LEAD (DEC )

128.00

24.10.13

SIDEWAYS

MCX

ZINC (DEC )

116.00

31.10.13

SIDEWAYS

MCX

NICKEL(DEC )

849.50

12.09.13

DOWN

879.20

920.00

950.00

980.00

MCX

ALUMINUM (DEC )

106.95

26.09.13

DOWN

111.65

115.00

120.00

125.00

MCX

CRUDE OIL (DEC)

6034.00

26.09.13

DOWN

6415.00

6200.00

6400.00

6550.00

MCX

NATURAL GAS (DEC )

254.50

28.11.13

UP

247.20

230.00

220.00

210.00
Closing as on 05.12.2013

NOTES :

1)
2)
3)
4)

Buy / Sell 25% of Commodity at S1/R1 respectively & rest 75% at S2/R2 respectively.
S1 & S2 indicate first support & second support & R1 & R 2 indicate first resistance & second resistance.
Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we are seeing the graphs on weekly
basis and taking a long-term view and not a short-term view.
These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities.

TECHNICAL RECOMMENDATIONS
NICKEL MCX (DECEMBER)
NICKEL MCX (DECEMBER) contract closed at `849.50 on 5th December '13. The contract made its high
of `922.00 on 23rd October '13 and a low of `833.50 on 2nd December '13. The 18-day Exponential
Moving Average of the commodity is currently at `857.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 40. One can buy in the
range 845-835 with the stop loss of `825 for a target of `865.

NATURAL GAS MCX (DECEMBER)

NATURAL GAS MCX (DECEMBER) contract closed at `254.50 on 5th December '13. The contract made
its high of `255.80 on 6th December '13 and a low of `216.70 on 5th November '13.The 18-day
Exponential Moving Average of the Commodity is currently at `243.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 78.One can buy in the
range 250-247 with the stop loss of `243 for target of `260.

TURMERIC NCDEX (APRIL)

TURMERIC NCDEX (APRIL) contract closed at `5706.00 on 5th December '13. The contract made its high
of `6092.00 on 19th November '13 and a low of `5440.00 on 6th November '13.The 18-day Exponential
Moving Average of the Commodity is currently at `5744.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 50. One can sell in the
range 5800-5850 with the stop loss of `6000 for a target of `5500.

11

COMMODITY
NEWS DIGEST

WEEKLY COMMENTARY

The government has allowed deduction of Commodity

Transaction Tax (CTT) to traders as it forms part of

their business income.

The Uttrakhand government has fixed sugarcane price

at `285 per quintal.

The West Bengal government lifted the ban on potato

and vegetable export, allowing their movement from

West Bengal to other states.

Special Margin of 10% on the Long side on all running

contracts and yet to be launched contracts in Guar

Seed and Guar Gum removed w.e.f December 04, 2013.

Shenzhen Commodity Exchange one of the leading

commodity futures exchanges has launched trading in
Almond.

Chile's Codelco has halted smelting operations at its

massive Chuquicamata mine after a group of workers

failed to show up for their shifts in protest for higher pay.

Global production of nickel rose 9 percent in 2012,

outstripping consumption by 94,500 tonnes.

US ISM index of national factory activity rose to 57.3

last month the highest reading since April 2011, from

56.4 in October.

Rio Tinto global miner expects to halve capital spending

to $8 billion by 2015 from last year's level to cut debt.

China final HSBC/Markit Purchasing Managers' Index

(PMI) stood at 50.8 in November.

Chile, the world's No. 1 copper producer, produced

507,694 tonnes of copper in October, a 6.5 percent

increase from the year.

Commodities traded choppy last week owing to various news and events. Gold witnessed speedy
upside due to fall in dollar index whereas white metals silver was in complete grip of bears. Silver
was six week down, even some rebound in base metals couldn't hold it on upper side. Better-thanexpected U.S. manufacturing data prompted funds to boost their bearish bets in silver. Market
participants were stunned by the magical upside in crude oil. It took support near 5800 in MCX and
breached the mark 0f 6100 on decline in inventory and news of Keystone pipeline supply amid
better economic data's. Crude inventories shrank for the first time in 11 weeks in the U.S. It fell
by 5.59 million barrels last week as refiners boosted processing. OPEC agreed to maintain its
production target at a meeting last week. It agreed to keep its production quota at 30 million
barrels a day at least until June even as Libya, Iran and Iraq plan to boost exports in coming
months. Natural gas continued its upside journey but with slower pace. About 49% of U.S.
households use gas for heating, and 39% use electricity, data show from the EIA show. The peak
heating-demand season extends from November through March. In base metals counter, nickel
and aluminium priced jumped while lead, zinc and copper nosedived.
As regards agro commodities, guargum and guarseed couldn't face their resistance of 15000 and
5400 respectively weak cues from the spot market where supplies from the new season crop were
higher. Even withdrawal of margin couldn't give much support to the prices. NCDEX withdrew a
10% special margin on the long side of all guar seed and guar gum contracts with effect from last
Wednesday. Chana futures dropped due to ongoing sowing, conducive weather and tepid local
demand. Spices were moreover bearish. Turmeric futures knocked down due to subdued demand
for exports amid large carry-forward stocks, while the approaching new season supply also
weighed on sentiment. Stockists were expecting lower prices in coming days due to higher stocks
available in the domestic market in jeera. Steady to weak sentiment witnessed in chilli. In Guntur
region, there is a stock of 18 lakh bags in the cold storages and pressurizes the prices. Higher
arrivals reported last week also pressurizes at prices. Sugar prices fell to their lowest level in
more than two years as most factories started the new crushing season with ample carry-forward
stocks amid sluggish demand from bulk consumers.

NCDEX TOP GAINERS & LOSERS (% Change)

MCX TOP GAINERS & LOSERS (% Change)

6.00

4.00
3.34

4.00

3.86

3.16

3.00
2.92

2.72

2.90
2.02

2.00

2.44

2.00
0.92

1.00
0.21
0.00

0.00
-1.00

-2.00
-3.23

-3.35

-4.00

-1.29

-1.38

-2.00

-4.12
-3.00
-6.00

-6.00

-2.85

-3.03

-5.65
-4.00
-4.12

-8.00
CRUDE OIL

KAPAS

COTTON
GUR NEW OILSEED CAKE PVC NEW
(AKL)

RED CHILLI

CHANA

TURMERIC

SILVER
NEW

SUGAR M 200

WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)

COMMODITY

UNIT

BARLEY

MT

CASTOR SEED

27.11.13
QTY.

2678.00

04.12.13
QTY.
2266.00

DIFFERENCE

49007.00

30238.00

-18769.00

CHANA

MT

33588.00

29532.00

-4056.00

MT

140.00

170.00

30.00

COTTONSEED OILCAKE

MT

0.00

498.00

498.00

JEERA

MT

858.00

528.00

-330.00

MAIZE

MT

857.00

1675.00

818.00

RAPE MUSTARD SEED

MT

12906.00

8909.00

-3997.00

SOYA BEAN SEEDS

MT

1295.00

2131.00

836.00

SUGAR M

MT

2719.00

1369.00

-1350.00

1875.00

0.00

NATURAL
GAS

KAPAS

POTATO

GOLD M

COMMODITY

UNIT

CARDAMOM SILVER M

-1875.00

28.11.13

QTY.

-412.00

MT

MT

CRUDE
OIL

GUAR
SEED

MENTHA
OIL

ALUMINIUM

WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)

CHILLI

WHEAT

-5.00

CARDAMOM
KAPASIA KHALLI
GOLD

05.12.13 DIFFERENCE

QTY.

MT

77.50

67.30

-10.20

BALES

1381.78

2269.31

887.53

KGS

61.00

165.00

104.00

GOLD MINI

KGS

12.30

102.80

90.50

GOLD GUINEA

KGS

2.91

2.74

-0.18

MENTHA OIL

KGS

2587490.90

2592913.40

5422.50

MILD STEEL
SILVER (30 KG Bar)

MT

344.85

344.85

0.00

KGS

12669.09

47995.79

35326.70

12

COMMODITY
SPOT PRICES (% change)

Crude palm oil (CPO) futures in NCDEX

RAW JUTE (KOLKATA)

3.54

BARLEY (JAIPUR)

2.16

GUR (MUZAFFARNGR.)

0.86

PEPPER MALABAR GAR (KOCHI)

0.75

GOLD 10 GMS (MUMBAI)

Palm oil is now the major edible oil consumed in India with a market share of 46
percent and has become an essential part of our daily lives. India consumes about
90-92 lakh tonnes of palm oil every year and the edible oil consumption is growing
at a rate of 4-5% per year. With an increasing demand for palm oil, price risk
management for a consuming nation as India is very important. Considering this
the Leading agri-commodity bourse NCDEX has re-launched crude palm oil (CPO)
futures contract on November 26, 2013. Currently, December 2013, January,
February and March 2014 contracts are available for trading. The re-launch of CPO
completes the basket of oil and oilseeds futures on the NCDEX platform. These
contracts are highly co-related with BMD, where crude palm oil futures are
actively traded.

0.16
Contract Specifications

CRUDE PALM OIL (KANDLA)

-0.03

RUBBER (KOCHI)

-0.81

MASOOR (INDORE)

-0.85

CORIANDER (KOTA)

Tick Size

10 paise

Unit of trading

10 MT

Delivery unit

10 MT

Quotation/base value

Rs per 10 kg

Position limits

-0.88

Member level: Maximum of 1,25,000 MT or

15 % of Market

JEERA (UNJHA)

-0.95

Open position in
whichever is higher

MUSTARD (JAIPUR)

-0.99

the

Commodity

Client level: 25,000 MT

SOYABEAN (INDORE)

Quantity variation

+ /- 2%

Delivery center

Kandla (within a radius of 50 km from the

municipal limits)

Delivery specification

Upon expiry of the contract, the delivery

position would be arrived at by the
Exchange based on the information to
give/take delivery furnished by the
sellers and buyers as per the process put
in place by the Exchange for effecting
physical delivery

Price band

Daily price fluctuation limit is (+/-) 3%. If

the trade hits the prescribed daily price
limit there will be a cooling off period for
15 minutes. Thereafter the price band
would be raised by (+ / -) 1% and trade will
be resumed. If the price hits the revised
price band (4%) again during the day,
trade will only be allowed within the
revised price band. No trade / order shall
be permitted during the day beyond the
revised limit of (+ / -) 4% .

-1.70

SILVER 5 KG (DELHI)

-2.04

TURMERIC (NIZAMABAD)

-2.06

REFINED SOYA OIL (INDORE) -2.49

-3.00

-2.00

-1.00

0.00

1.00

2.00

3.00

4.00

WEEKLY STOCK POSITIONS IN LME (IN TONNES)

COMMODITY

ALUMINIUM

STOCK POSITION

STOCK POSITION

DIFFERENCE

28.11.13

05.12.13

5395175

5472450

77275
-16475

COPPER

431900

415425

NICKEL

250572

252816

2244

LEAD

232375

229450

-2925

ZINC

968975

951000

-17975

PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)

COMMODITY

EXCHANGE CONTRACT 29.11.13

05.12.13 CHANGE%

ALUMINIUM

LME

3 MONTHS

1754.00

1773.50

1.11

COPPER

LME

3 MONTHS

7030.00

7086.00

0.80

LEAD

LME

3 MONTHS

2076.00

2100.00

1.16

NICKEL

LME

3 MONTHS 13480.00

13850.00

2.74

ZINC

LME

3 MONTHS

1877.50

1902.50

1.33

Maximum Order Size

500 MT

Minimum Initial Margin

5%

Active participation has been witnessed in crude palm oil contract with an average
daily traded volume is close to 1820 MT and an open interest of 6,810 MT as on
December 2, and the total volume in crude palm oil since launch, up to December 2
is Rs 62 crore. The growing volume is evidence that NCDEX crude palm oil futures
are ideal to meet the price risk management needs of the processors, traders,
physical participants and end users.

INTERNATIONAL COMMODITY PRICES

COMMODITY EXCHANGE CONTRACT

UNIT

29.11.13 05.12.13 CHANGE(%)

GOLD

COMEX

FEB

1250.40

1231.90

-1.48

Soya

CBOT

JAN

Cent per Bushel

1336.50

1328.00

SILVER

COMEX

MAR

20.03

19.57

-2.31

Maize

CBOT

DEC

Cent per Bushel

415.25

422.75

-0.64
1.81

LIGHT CRUDE OIL

NYMEX

JAN

92.72

97.38

5.03

CPO

BMD

JAN

MYR per MT

2650.00

2628.00

-0.83

NATURAL GAS

NYMEX

JAN

3.95

4.13

4.50

Sugar

LIFFE

MAR

10 cents per MT

464.00

449.90

-3.04

13

CURRENCY
Currency Table

News Flows of last week

Currency Pair

Open

High

Low

Close

USD/INR

62.82

62.94

61.86

62.02

EUR/INR

85.65

85.52

84.06

84.24

GBP/INR

102.50

103.10

101.23

101.38

JPY/INR

61.42

61.42

60.44

60.82

04th Dec:
04th Dec:
05th Dec:
05th Dec:
05th Dec:

(Source: FX Central, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)

The U.S. trade deficit narrowed in October

Sales of new U.S. single-family homes recorded their biggest
increase in nearly 33-1/2 years in October
The pace of growth in the U.S. services sector slowed in November
U.S. private-sector hiring rose in November at the fastest clip in a
year,
The U.S. economy grew faster than initially estimated in the third
quarter
New orders for U.S. factory goods fell in October
The Bank of England left monetary policy unchanged

Economic gauge for the next week

Market Stance
Rupee edged up sharply in the week gone by and breached 62 level as against
dollar mainly tracking sharp gains in euro. In New York market, the dollar fell
to its lowest level against the euro in more than a month after European
Central Bank President Mario Draghi signalled that the bank doesn't have any
immediate plans to ease policy further. Moreover, state polls results, which
are due on Sunday, also supported the currency. A strong showing by the
opposition Bharatiya Janata Party (BJP) will be viewed as an endorsement for
its prime ministerial candidate Narendra Modi, who is perceived as businessfriendly and may lead to INR gains. Adding to that, Banks and exporters
preferred to reduce their dollar position on the back of strong capital inflows
from foreign funds coupled with lower dollar in the global market.

Technical Recommendation

04th Dec:
04th Dec:

USD/INR

USD/INR (DEC) contract closed at `62.02 on 05th December'13. The contract made
its high of `62.94 on 04th December'13 and a low of `61.86 on 05th December'13
(Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently
at `62.49.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of
40.17. One can sell around 62.30 for a target of 61.20 with the stop loss of 62.90

GBP/INR

GBP/INR (DEC) contract closed at `101.38 on 05th December'13. The contract

made its high of `103.10 on 04th December'13 and a low of `101.23 on 05th
December'13 (Weekly Basis). The 14-day Exponential Moving Average of the
EUR/INR is currently at `101.65.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 47.42.
One can sell around 101.60 for a target of 100.50 with the stop loss of 102.15

Date
Currency Event
09th Dec
EUR
Euro-Zone Sentix Investor Confidence
09th Dec
EUR
German Industrial Production n.s.a. and w.d.a. (YoY)
10th Dec
GBP
Manufacturing Production (YoY)
10th Dec
GBP
Total Trade Balance (Pounds)
10th Dec
GBP
Industrial Production (YoY)
10th Dec
GBP
NIESR Gross Domestic Product Estimate
11th Dec
EUR
German Consumer Price Index (YoY)
11th Dec
USD
Monthly Budget Statement
12th Dec
EUR
ECB Publishes Monthly Report
12th Dec
EUR
Euro-Zone Industrial Production w.d.a. (YoY)
12th Dec
USD
Advance Retail Sales
12th Dec
USD
Initial Jobless Claims
12th Dec
USD
Continuing Claims

PREVIOUS
9.3
1.00%
0.80%
-3268
2.20%
0.70%
1.30%

1.10%
0.40%

EUR/INR

EUR/INR (DEC) contract closed at `84.24 on 05th December'13. The contract

made its high of `85.52 on 04th December'13 and a low of `84.06 on 05th
December'13 (Weekly Basis). The 14-day Exponential Moving Average of the
EUR/INR is currently at `84.77.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 47.21.
One can sell around 84.90 for a target of 83.90 with the stop loss of 85.40.

JPY/INR

JPY/INR (DEC) contract closed at `60.82 on 05th December'13. The contract made
its high of `61.42 on 02nd December'13 and a low of `60.44 on 05th December'13
(Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently
at `61.51.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 28.00.
One can sell around 61.25 for a target of 60.20 with the stop loss of `61.85.

14

IPO
IPO NEWS
SEBI seeks clarification on Great Eastern Energy's IPO
Market regulator Sebi has sought clarifications from the merchant banker of Great Eastern Energy Corp, a coal-bed methane explorer, regarding the
company's proposed initial public offering (IPO). Without disclosing the details of the clarifications sought, the Securities and Exchange Board of India (Sebi)
has said that "clarifications (are) awaited from Lead Manager" for the proposed public offer. Sebi said it might issue observations on Great Eastern Energy's
draft offer document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional
information sought from them. The regulator had received the draft offer documents on September 17 through its lead manager ICICI Securities Ltd. The
company plans to come with a public issue of up to 82 lakh equity shares of face value of `10 each.
Mirc Electronics to raise `33 crore by rights issue
Mirc Electronics, which sells the Onida brand of TVs, said it would raise funds up to `33 crore by issuing equity shares to existing shareholders of the
company. The board has approved the proposal to issue equity shares and a committee has been formed for its implementation, Mirc Electronics said in a
filing to the BSE stock exchange. According to the notice, the board has approved for "raising of funds of up to `33 crore by way of issue of equity shares to
the existing shareholders of the company on a rights basis (Rights Issue) subject to all applicable statutory and regulatory approvals.
SBI to raise $1.53 billion through share sale
The nation's largest lender State Bank of India (SBI) has decided to raise up to ` 9,576 crore or $ 1.53 billion through a share sale to institutional investors or a
follow-on public offer, the bank said in an exchange filing. The bank also plans to raise another `2,000 crore through a share sale to the government on a
preferential basis as part of the capital infusion announced by the finance ministry. The government held 62.31 per cent in the bank at the end of the
September. While the government cannot reduce its holding in state-run banks to below 51 per cent, the Manmohan Singh government had decided not to
lower its holding to less than 58 per cent in any of the 26 banks.
Open offers touch 2-month high of `1,060 cr in Oct
After two months of lull, open offers by listed companies crossed the `1,000 crore level, largely on account of share purchase by HT Global in Hexaware
Technologies. As per Sebi's latest monthly report, the market regulator approved two open offers for shares amounting to `1,060.15 crore in October, made
towards consolidation of holdings. In August and September, shareholders had got open offers worth just `106 crore and `317 crore respectively. With this,
the cumulative value of open offers made during the April-October period of current financial year has reached `39,789 crore through 48 issues. One of the
open offers in October was made by HT Global IT Solution Holdings, an affiliate of Baring Private Equity Asia, to buy 26% stake in the outsourcing firm
Hexaware from minority shareholders. A total of 7.83 crore shares of Hexaware were acquired by HT Global at average price of `135 apiece amounting to
nearly `1,058 crore. The offer opened on October 25 and closed on November 8, 2013.

IPO TRACKER
Company

Sector

Just Dial

M.Cap(In Cr.)

Service provider

8425.92

Issue Size(in Cr.)

950.11

List Date

Issue Price

List Price

Last Price*

%Gain/Loss(from
Issue price)

5-Jun-13

530.00

590.00

1202.50

126.89

Repco Home Fin

Finance

2020.20

270.39

1-Apr-13

172.00

165.00

325.00

88.95

V-Mart Retail

Trading

386.23

123.00

20-Feb-13

210.00

216.00

215.05

2.40

Bharti Infra.

Telecom

31252.02

4533.60

28-Dec-12

220.00

200.00

165.45

-24.80

PC Jeweller

Jewellary

1588.62

609.30

27-Dec-12

135.00

135.50

88.70

-34.30

CARE

Rating Agency

2125.85

540.00

26-Dec-12

750.00

949.00

733.05

-2.26

Tara Jewels

Jewellary

212.96

179.50

6-Dec-12

230.00

242.00

86.50

-62.39

VKS Projects

Engineering

54.81

55.00

18-Jul-12

55.00

55.80

0.87

-98.42

Speciality Rest.

Restaurants

562.35

181.96

30-May-12

150.00

153.00

119.75

-20.17

TBZ

Jewellary

876.10

210.00

9-May-12

120.00

115.00

131.35

9.46

MT Educare

Miscellaneous

361.00

99.00

12-Apr-12

80.00

86.05

90.75

13.44

1773.60

124.97

12-Apr-12

106.00

100.00

147.80

39.43

45.83

24.75

28-Mar-12

30.00

29.95

28.10

-6.33

2297.81

663.31

9-Mar-12

1032.00

1387.00

450.55

-56.34

12.27

29.60

2-Nov-11

74.00

75.00

12.27

-83.42

NBCC

Construction

Olympic card.

Media

Multi Comm. Exc.

Exchange

Indo Thai Sec.

Finance

*Closing prices as on 05-12-2013

15

16

MUTUAL FUND
NEWS
Birla Sun Life MF introduces Fixed Term Plan - Series JF (367 days)
Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Fixed Term Plan - Series JF (367 days), a close ended income scheme. The NFO
opens for subscription on Dec 6, 2013, and closes on Dec 9, 2013. The investment objective of the scheme is to generate income by investing in a portfolio of
fixed income securities maturing on or before the duration of the scheme.
Sundaram MF introduces Hybrid Fund - Series D (3 years)
Sundaram Mutual Fund has launched the New Fund Offer (NFO) of Sundaram Hybrid Fund - Series D (3 years), a close ended income scheme. The NFO opens for
subscription on Dec 5, 2013, and closes on Dec 19, 2013. The investment objective of the scheme is to generate capital appreciation and current income, through
a judicious mix of investments in equities and fixed income securities.
ICICI Prudential MF introduces Fixed Maturity Plan-Series 71-505 Days Plan H
ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Fixed Maturity Plan-Series 71-505 Days Plan H, a close ended income
scheme. The NFO opens for subscription on Dec 5, 2013, and closes on Dec 10, 2013. The investment objective of the scheme is to generate income by investing in
a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. However, there can be no assurance that the
investment objective of the Scheme will be realized.
DSP BlackRock MF introduces FMP - Series 129 - 12M
DSP BlackRock Mutual Fund has launched the New Fund Offer (NFO) of DSP BlackRock FMP - Series 129 - 12M, a Close Ended Income scheme. The NFO opens for
subscription on Dec 5, 2013, and closes on Dec 12, 2013. The investment objective of the scheme is to generate returns and capital appreciation by investing in a
portfolio of Debt and Money Market Securities. The Scheme will invest only in such securities which mature on or before the date of maturity of the Scheme.
Reliance MF introduces Fixed Horizon Fund - XXV - Series 7
Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund - XXV - Series 7, a Close Ended Income scheme. The NFO opens for
subscription on Dec 4, 2013, and closes on Dec 10, 2013. The investment objective of the scheme is to generate returns and growth of capital by investing in a
diversified portfolio of the following securities which are maturing on or before the date of maturity of the scheme with the object of limiting interest rate
volatility Central and State Government securities and other fixed income/ debt securities.
HDFC MF introduces FMP 540D December 2013 (1)
HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 540D December 2013 (1), a close ended income scheme. The NFO opens for subscription
on Dec 4, 2013, and closes on Dec 9, 2013. The investment objective of the scheme is to generate income through investments in Debt / Money Market
Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). There is no assurance that the investment objective of
the Scheme will be realized.
Kotak Mutual Fund files offer document for FMP Series 133-153
Kotak Mutual Fund has filed offer document with SEBI to launch Close ended debt scheme(s)named as "Kotak FMP Series 133-153". The New Fund Offer price is Rs
10 per unit. The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to reduce the
interest rate risk. The Scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.
L&T MF introduces FMP - Series IX-Plan H
L&T Mutual Fund has launched the New Fund Offer (NFO) of L&T FMP -Series IX-Plan H, a Close Ended Income scheme. The NFO opens for subscription on Dec 3,
2013, and closes on Dec 13, 2013. The investment objective of the scheme is to achieve growth of capital through investments made in a basket of debt/fixed
income securities (including money market instruments) maturing on or before the maturity of the Scheme. The Scheme does not assure or guarantee any
returns
Baroda Pioneer Mutual Fund files offer document for Money Market Opportunities Fund
Baroda Pioneer Mutual Fund has filed offer document with SEBI to launch an open ended money market scheme named as "Baroda Pioneer Money Market
Opportunities Fund". The New Fund Offer price is `10 per unit. The investment objective of the scheme is to generate income by investing in a diversified
portfolio of money market instruments. There is no assurance or guarantee that the investment objective of the Scheme will be realized.
UTI Mutual Fund files offer document for Medium Term Fund
UTI Mutual Fund has filed offer document with SEBI to launch an open ended money market scheme named as "UTI Medium Term Fund". The New Fund Offer price
is Rs 10 per unit. The investment objective of the scheme is to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of
money market securities and high quality debt.
HDFC Mutual Fund files offer document for Capital Protection Oriented Fund - Series II
HDFC Mutual Fund has filed offer document with SEBI to launch a Close-ended Capital Protection Oriented Income Scheme named as "HDFC Capital Protection
Oriented Fund - Series II". The New Fund Offer price is Rs 10 per unit. The investment objective of the scheme is to generate returns by investing in a portfolio of
debt and money market instruments which mature on or before the date of maturity of the Scheme. The Scheme also seeks to invest a portion of the portfolio in
equity and equity related instruments to achieve capital appreciation. There is no assurance that the investment objective of the Scheme will be realized.
Kotak Mutual Fund files offer document for Hybrid Fixed Term Plan Series 2 and 3
Kotak Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named as "Kotak Hybrid Fixed Term Plan Series 2 and 3". The New Fund
Offer price is `10 per unit. The investment objective of the scheme is to generate income and minimize interest rate volatility by investing in Debt & Money
Market securities that mature on or before the maturity of the scheme, and also to generate capital appreciation by investing in equity/ equity related
instruments

NFOs WATCH
Fund Name

NFO
Opens on

Birla Sun Life Banking 25-Nov-2013

And Financial
Services Fund Regular Plan (G)

NFO
Closes on

Scheme Objective

Fund Type

Fund Class

09-Dec-2013 To generate long-term capital appreciation Open-Ended Growth

to unitholders from a portfolio that is
invested predominantly in equity and equity
related securities of companies engaged in
banking and financial services.

Fund Manager
Satyabrata
Mohanty

Minimum
Amount
`5000/-

17

MUTUAL FUND

Performance Charts

EQUITY (Diversified)

Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns

Returns (%)
Scheme Name

3M

6M

1Y

Risk

NAV

Launch

AUM

3Y

Since

Std.Dev Beta

(`)

Date

(` Cr.)

ICICI Pru Exports and Other Services Fund - G

25.75

30-Nov-2005

155.04

13.94

31.24

35.88

11.81 12.52

1.57

0.37

ICICI Prudential Dynamic Plan - Growth

131.38

31-Oct-2002

3398.03 14.63

17.18

13.93

6.01

1.58

0.61

Market Cap (%)

Jenson

LARGE

MID

SMALL

DEBT &

CAP

CAP

CAP

OTHER

0.51

61.58

33.20

0.62

4.60

0.14

55.71

19.37

2.69

22.23

Launch
26.10

Franklin India Smaller Companies Fund - G

18.55

13-Jan-2006

281.76

22.23

10.83

12.26

6.19

8.14

1.98

0.67

0.13

14.11

66.18

12.20

7.51

Tata Ethical Fund - Plan A - Growth

81.50

24-May-1996

108.20

8.48

10.45

11.73

5.65

16.45

1.31

0.48

0.09

69.57

25.52

1.02

3.89

Axis Equity Fund - Growth

13.44

05-Jan-2010

563.06

11.17

5.41

11.72

4.79

7.84

1.75

0.79

0.13

81.26

9.13

4.77

4.84

ICICI Prudential Top 100 Fund - Growth

168.92

09-Jul-1998

379.06

13.06

13.54

11.18

6.09

20.12

1.86

0.78

0.11

84.82

7.04

N.A

8.14

SBI Magnum Midcap Fund - Growth

29.25

29-Mar-2005

173.07

25.91

11.60

10.76

5.61

13.14

2.07

0.63

0.16

7.57

76.66

10.63

5.14

NAV
(`)

Launch
Date

AUM
(` Cr.)

3M

Since
Launch

Std.Dev

BALANCED
Returns (%)
Scheme Name

6M

1Y

Risk
3Y

Jenson

Market Cap (%)

LARGE
CAP

MID
CAP

SMALL
CAP

DEBT &
OTHER

SBI Magnum Balanced Fund - Growth

61.80

09-Oct-1995

398.12 13.84

7.42

10.58

4.96

15.70

1.34

0.08

33.76

29.29

8.28

28.66

ICICI Prudential Balanced - Growth

60.18

03-Nov-1999

535.01 11.61

7.27

9.74

8.52

13.58

1.34

0.08

49.20

16.09

2.74

31.96

FT India Balanced Fund - Growth

57.93

10-Dec-1999

193.03 11.57

3.31

6.77

4.90

13.37

1.54

0.03

57.89

14.25

N.A

27.86

HDFC Balanced Fund - Growth

67.28

11-Sep-2000

1099.18 14.12

7.37

6.43

6.02

15.48

1.40

-0.01

26.57

40.95

3.91

28.56

Birla Sun Life 95 - Growth

359.02

10-Feb-1995

584.69 10.10

3.66

4.64

3.94

20.94

1.47

N.A

58.75

12.16

1.01

28.09

UTI Balanced Fund - Growth

90.92

20-Jan-1995

869.48 11.36

5.55

4.64

2.67

15.97

1.36

-0.01

56.75

15.54

2.74

24.97

Tata Balanced Fund - Plan A - Growth

102.56

08-Oct-1995

562.98

3.64

4.06

6.08

15.62

1.52

-0.01

51.24

22.48

1.08

25.21

NAV

Launch

AUM

(`)

Date

(`Cr.)

18.45
14.00
12.67
12.21
25.77
1136.18
19.03

03-Sep-2003
11-Dec-2009
03-Jun-2009
07-Dec-2011
28-Mar-2002
08-Jun-2012
11-Nov-2002

9.89

INCOME FUND
Returns (%)
Scheme Name
Tata Dynamic Bond Fund - Plan A - G
Templeton India Income Opportunities Fund - G
Morgan Stanley Active Bond Fund - Reg - G
Templeton India Corporate Bond Opp Fund - G
ICICI Prudential LTP - Reg - Cumulative
Axis Banking Debt Fund - Growth
Tata Income Plus Fund - Plan A - Growth

392.85
3742.69
589.86
4871.08
303.39
256.69
174.49

Risk

Annualised
1W
15.76
14.19
0.25
15.54
7.36
15.76
12.77

2W

1M

18.34 6.75
18.61 8.08
13.21 -1.91
20.18 8.02
7.84 8.11
13.52 9.27
18.86 4.51

Since

Std.

6M

1Y

3Y

Launch

Dev.

2.12
4.93
-4.03
5.25
8.82
8.21
-1.11

11.27
8.86
8.80
8.69
8.67
8.64
8.62

8.52
9.16
7.32
N.A
8.48
N.A
7.95

6.15
8.80
5.40
10.53
8.43
8.93
5.98

40.67
17.46
28.93
18.28
2.53
8.38
33.31

SHORT TERM FUND

0.10
0.08
0.05
0.07
0.46
0.15
0.04

Yield till

Maturity (Days) Maturity

N.A
858.00
5041.00
975.00
14.00
131.00
N.A

8.78
10.81
7.95
11.03
9.73
8.99
8.95

Due to their inherent short term nature, the following 2 categories have been sorted on the basis of 6month returns

Returns (%)
Scheme Name

Average

Sharpe

NAV

Launch

AUM

Risk
Since

Std.
Dev.

Average

Sharpe

Yield till

Maturity (Days) Maturity

(`)

Date

6M

1Y

3Y

Launch

Sundaram Flexible Fund - ST - Growth

18.38

30-Dec-2004

750.64

11.89 10.95

7.53

6.80

7.80

8.27

7.04

8.61

0.04

142.00

9.00

JPMorgan India Short Term Income Fund - G

13.50

25-Mar-2010

1044.04 16.38 14.07

8.35

6.62

8.41

9.11

8.45

10.26

0.10

833.00

9.45

HDFC Short Term Opportunities Fund - G

13.41

25-Jun-2010

2389.25 17.09 19.79

9.87

6.41

8.41

9.21

8.87

13.51

0.07

471.00

9.58

Birla Sun Life Short Term Opp Fund - Reg - G

19.92

24-Apr-2003

1029.13 14.02 15.01

8.67

6.38

10.16

10.20

6.70

14.43

0.18

N.A

10.22

(`Cr.)

1W

Annualised
2W
1M

Tata Short Term Bond Fund - Plan A - G

22.93

08-Aug-2002

320.22

13.04 13.95

7.62

6.37

9.19

8.95

7.60

12.78

0.13

N.A

9.13

Sundaram Select Debt - S TA P - Reg - Appreciation

21.35

04-Sep-2002

305.37

12.73 12.94

7.52

6.20

10.10

11.06

6.97

13.93

0.19

409.00

9.66

Birla Sun Life Short Term Fund - DAP

14.07

06-Mar-2009

5191.74 16.81 17.32

8.47

6.17

8.56

9.36

7.44

11.82

0.08

N.A

9.41

Average

Yield till

NAV

Launch

Since

Std.
Dev.

ULTRA SHORT TERM

Returns (%)
Scheme Name
DSP BlackRock Money Manager Fund - Reg - G
DWS Ultra Short-Term Fund - Growth
Tata Floater Fund - Plan A - Growth

AUM

Risk
Sharpe

Maturity (Days) Maturity

(`)

Date

6M

1Y

3Y

Launch

1691.88

31-Jul-2006

1686.27 12.22 11.63

8.66

9.61

9.14

8.81

7.41

4.95

0.32

104.00

N.A

20.16

21-Oct-2003

1842.88 10.68

8.90

9.37

9.14

9.13

7.17

4.40

0.37

66.00

9.60

(`Cr.)

1W

Annualised
2W
1M
9.84

1869.70

06-Sep-2005

2700.42 11.20 11.02

9.25

9.25

9.35

9.38

7.88

4.37

0.42

N.A

9.21

Templeton India Ultra Short Bond F - Retail - G

15.93

18-Dec-2007

4132.25 11.65 10.83

8.76

9.24

9.37

9.31

8.11

3.74

0.49

95.00

9.65

Birla Sun Life Ultra Short Term Fund - Ret - G

225.09

19-Apr-2002

543.50 11.89 12.31

9.74

9.15

9.33

9.24

7.22

4.59

0.39

N.A

9.98

IDFC Ultra Short Term Fund - Reg - G

17.35

17-Jan-2006

1824.43 12.23 11.09

9.30

9.15

9.38

9.70

7.23

4.88

0.39

87.00

9.30

Birla Sun Life Savings Fund - Ret - G

230.99

27-Nov-2001

4607.40 13.42 12.10

9.56

9.14

9.26

9.18

7.21

5.14

0.33

N.A

9.85

Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 05/12/2013
Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%

18

Mr S C Aggarwal (CMD, SMC Group) addressing the audience during

'3rd Annual Summit on Financial Markets' organised by Assocham at New Delhi.

Mr Ajay Garg (Director, SMC Group) sharing his thoughts with the subbrokers during
'Investor Awareness Meet' organised by SMC at Hyderabad.