Morning Note

18 March 2013
make more, for sure.

DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 19428 5873 6386 6180 %Chg -0.73 -0.61 -0.62 -0.83

FIRST LIGHT HEADINGS

RIL to give up 4,266 sq km of KG-D6 block Market participants expect RBI to cut rates by 25 bps on Mar.19 Infosys signs agreement with India Post RSI program Govt concludes 5% stake sale in Nalco; OFS subscribed 1.2 times IDBI Bank inks pact with eMudhra Consumer Services Glenmark confirms patent challenge for generic version of Finacea ICICI, HDFC & Axis Bank probing money laundering practices at their branches

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2266 15603 164362 182231

%Chg
-0.04 31.48 -32.39 -29.16

MARKET INSIGHT
On Friday 15 March 2013, The slide of equity markets was prompted by the massive fall of

NET INFLOWS (Rs Crs)

FIIs DIIs 1019.0 (584.0)

%Chg
67.87 -29.55

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 10202.20 59387.07 26389.03 3257.37

%Chg
2.09 1.38 0.52 3.45

World Indices
Dow Jones Nasdaq FTSE 100 14514 3249 6490

%Chg
-0.17 -0.31 -0.60

rate sensitive counters, viz, Realty, Bankex and Auto. Banking pivotal fall was led by selling in ICICI Bank, Axis Bank and HDFC Bank shares, which tumbled following accusations of money laundering. The news portal Cobrapost played the contents of purported video recording of officials of HDFC Bank, ICICI and Axis Bank allegedly agreeing to receive unverified sums of cash and putting them in their investment schemes and benami accounts in violation of antimoney laundering laws. On the flip side, Consumer Durable, Fast Moving Consumer Goods and Information Technology counters, were the gainers. Information Technology gained ground in rather subdued trade on positive US economic data. A faster-than-expected increase in US retail sales and a decline in weekly jobless claims added to signs the world's biggest economy is recovering, which in turn boosted IT stocks that derive their major chunk of revenue in dollars. Besides, PSU OMCs, viz, IOC and HPCL, rose on reports that diesel prices may be hiked by 40-50 paisa a litre from 15-16 March 2013. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 1111: 1749 while 127 scrips remained unchanged. (Provisional) The BSE Sensex lost 133.60 points or 0.68% to settle at 19436.84.The index touched a high and a low of 19673.16 and 19383.13 respectively. 12 stocks were up, while 18 stocks declined on the index. The BSE Mid cap and Small cap indices declined by 0.63% and 0.84% respectively. On the BSE Sectoral front, Consumer Durables up by 2.56%, FMCG up by 0.28% and IT up by 0.12% were the only gainers, while Realty down by 2.82%, Bankex down by 1.50%, Oil & Gas down by 1.20%, Capital Goods down by 0.80% and Auto down by 0.73% were the only losers in the space. (Provisional) India VIX, a gauge for markets short term expectation of volatility gained 3.41% at 15.16 from its previous close of 14.66 on Thursday. The CNX Nifty lost 34.05 points or 0.58% to settle at 5,874.90. The index touched high and low of 5,945.65 and 5,861.00 respectively. 22 stocks advanced against 28 declining ones on the index. (Provisional) Asian shares ended mixed on Friday some of the markets rebounded from last three sessions of losses as fresh data from US showed a recovery in the world's largest economy, boosting investors' risk appetite. Japan's Nikkei went home with strong gains being regional outperformer, after the parliament approved Haruhiko Kuroda as the next governor of the Bank of Japan and his two new deputies. Meanwhile, South Korean market closed lower, as heavyweight Samsung Electronics slipped after the launch of its new smartphone.

Commodity
Crude (US$/bl)

%Chg
93.0 1594.0 0.00 0.38

Gold (US$/oz) Top 5 Movers SIEMENS ASIANPAINT LUPIN RANBAXY M&M

Close Price
571.8 5015 611.5 439.30 926.55

%Chg
6.11 2.42 1.9 1.54 1.34

Top 5 Loser
DLF ICICIBANK TATAMOTORS GAIL JPASSOCIAT

Close Price
272.00 1,068.90 291.2 322.65 74.25

%Chg
-4.46 -3.76 -3.26 -2.98 -2.88

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Morning Note
make more, for sure.

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Indian equity markets, after making a lackluster start, concluded in shambles, as lack of investor's confidence ahead of the crucial RBI's mid-quarterly policy review on March 19, led to massive profit-booking on the last trading session of the week. Barometer gauges, after taking a breather in the previous session, ended lower for four out of five trading session, thereby registering a loss of over a percent. Caution was witnessed ahead of RBI's monetary policy, which will hold key pointers to the way. Thus, in the subdued session of trade, Sensex and Nifty offloading over half a percent, concluded sub 19450 and 5900 levels respectively. Meanwhile, broader indices too witnessing selling pressure went home with loss of over 0.50% (Midcap index) and 0.75% (Smallcap index). For the upcoming sessions we expect some consolidation around 5980-6000 level although sentiments remain buoyant. Any substantial break out above this range may further boost the traderss sentiment and we might see 6050-6110 in a short span of time. On the flip side 5810 followed by 5780 could be crucial support levels.

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
19115 5764 11480

Support 1
19240 5822 11678

Previous Close
19428 5873 11886

Resistance 1
19705 5940 12115

Resistance 2
19840 5985 12250

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

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Morning Note
make more, for sure.

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