Morning Note

09 JULY 2013
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FIRST LIGHT HEADINGS

DATA MATRIX OF LAST SESSION
INDEX Sensex Nifty Midcap Smallcap Close 19325 5812 5989 5670 %Chg -0.88 -0.95 -0.05 -0.39

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1557 8994 117721 128272

%Chg
-4.30 9.16 14.37 13.72

MARKET INSIGHT
On Monday 08 July 2013, Benchmarks continued to languish in red territory up till early

NET INFLOWS (Rs Crs)

FIIs DIIs (204.5) (59.1)

%Chg
1202.55 -156.14

noon deals after Indian currency stroke a record low of 61/$ mark on fears that India will be among the worst hit among emerging markets as and when the Federal Reserve begins to taper off its bond purchase programme. Further, CII survey which highlighted Indian currency further depreciating by September-end also hit investors' sentiment. Nevertheless, selling pressure arrested after reports suggested Gold imports into India, the world's biggest buyer of the metal, falling by 80.56 percent to 31.5 tonnes in June from the previous month, way lower than the trade body's estimate. Further, benchmarks recouped some lost ground following the positive start of European counterparts and climbed to day's highest point by the close of trade. Stocks from Fast Moving Consumer Goods, Information Technology and Capital Goods counters supported some recovery, while those from Oil & Gas, Realty and Auto counters mainly were responsible behind the downfall. Meanwhile, even PSU OMCs declined as US crude oil futures hit a 14-month high.The market breadth on the BSE remained negative; advances and declining stocks were in a ratio of 1059: 1254, while 112 scrips remained unchanged. (Provisional) The BSE Sensex lost 165.88 points or 0.85% to settle at 19329.94.The index touched a high and a low of 19422.69 and 19185.92 respectively. Among the 30-share Sensex pack, 9 stocks gained, while 21 stocks declined. The BSE Mid cap and Small cap indices ended lower by 0.03% and 0.32% respectively. On the BSE Sectoral front, FMCG up by 0.66%, Teck up by 0.44%, Capital Goods up by 0.36%, IT up by 0.35% and Consumer Durables up by 0.13% were the only gainers, while Oil & Gas down by 2.04%, PSU down by 1.85%, Realty down by 1.70%, Auto down by 1.56% and Metal down by 1.20% were the top losers. India VIX, a gauge for markets short term expectation of volatility gained 3.58 % at 19.34 from its previous close of 18.67 on Friday. The CNX Nifty lost 53.25 points or 0.91% to settle at 5,814.65. The index touched high and low of 5,833.85 and 5,775.55 respectively. 16 stocks advanced against 34 declining on the index. (Provisional) All the Asian equity indices ended the session in the red with major benchmarks declining by 1 to 4 per cent on Monday after strong US jobs data increased expectations that the US Federal Reserve would ease its stimulus measures within a few months, maybe as early as September. Seoul Composite declined by about a percent as technology heavyweight and the largest component on the main index, Japanese Nikkei declined by about one and a half percent, giving up initial gains tracking fall in other Asian shares.

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 10138.14 45556.29 26768.77 1623.21

%Chg
-6.18 -2.64 0.03 20.48

World Indices
Dow Jones Nasdaq FTSE 100 15225 3485 6450

%Chg
0.59 0.17 1.16

Commodity
Crude (US$/bl)

%Chg
103.1 1249.5 -0.53 2.26

Gold (US$/oz) Top 5 Movers INDUSINDBK HCLTECH BHEL RELINFRA ACC

Close Price
493.95 820.05 183.6 369.2 1,260.00

%Chg
3.98 3.07 2.74 2.48 1.74

Top 5 Loser
BPCL JPASSOCIAT ONGC M&M TATAMOTORS

Close Price
345.1 52.2 303.9 943.8 288.1

%Chg
-5.56 -4.13 -3.84 -2.87 -2.73

Please refer to important disclosures at the end of this report

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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
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

Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Indian equity markets surrendered most of their last two sessions' gains on Monday, as investors relentlessly locked gains, largely spooked by negative regional counterparts and slump of Indian currency to new lows. However, lower-level buying by select market-participants in the second half of the trade, tracing positive European markets aided the benchmark indices in recuperating some ground, thereby turning the session less horrid. Barometer gauges, Sensex and Nifty, witnessing loss of over three-fourth a percent, ended below 19,300 and 5,800 levels respectively. Meanwhile, broader indices suffered lesser losses as compared to larger peers. Earlier in the session, benchmarks after getting a cautious start dropped to day's low in early deals tailing negative Asian shares, which tumbled on Monday as strong US jobs growth increased the chances of the Federal Reserve rolling back its stimulus in coming months, sending the dollar to a three-year high against a basket of major currencies. For the upcoming sessions we believe spot index may shown some bounce back in near term however 59506030 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
18910 5702 10905

Support 1
19190 5755 11155

Previous Close
19325 5812 11349

Resistance 1
19606 5862 11590

Resistance 2
19712 5912 11705

Trend
Rangebound Rangebound Rangebound

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

Morning Note
make more, for sure.

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