Morning Note

30 JULY 2013

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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 19593 5832 5704 5469 %Chg #DIV/0! #DIV/0! #DIV/0! #DIV/0!

FIRST LIGHT HEADINGS

V-Mart Retail opens new store at Ballia in Uttar Pradesh FIIs stood as net buyers in equities as per July 29 data: SEBI Sesa Goa reports 57% decline in Q1FY14 consolidated net profit Western India completes repairs of 5 vessels CESC soars on reporting 4.8% rise in Q1 net profit Allahabad Bank reports 19.63% fall in Q1 net profit Aanjaneya Lifecare surges on acquiring 100% stake in Fair Success

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1759 9178 75994 86931

%Chg
NA #DIV/0! #DIV/0! #DIV/0!

MARKET INSIGHT
On Monday29 July 2013, Benchmarks after getting a muted start kept grinding lower, while they

NET INFLOWS (Rs Crs)

FIIs DIIs (231.8) (101.3)

%Chg
#DIV/0! #DIV/0!

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 12356.59 41926.05 24638.69 975.33

%Chg
#DIV/0! #DIV/0! #DIV/0! #DIV/0!

World Indices
Dow Jones Nasdaq FTSE 100 15522 3599 6560

%Chg
#DIV/0! #DIV/0! #DIV/0!

staged significant recovery in early noon deals tailing the positive start of European counterparts, the efforts soon proved futile. Sentiments in the early noon deals got a fillip from Finance Minister P. Chidambaram's comments, who while addressing media, stated that he does not expect RBI's recent liquidity steps to lead to increase in bank lending rates, notably a day ahead of RBI's monetary policy review. However, the comments of Gold import rising in July, negated the sentiment. Meanwhile, most of the corporate earnings came as disappointment. While, Indian Bank tanked 7% on reporting 32% slide in Q1FY net profit at Rs 317.39 crore, Syndicate Bank lost over 6% on reporting marginal 2% rise in first quarter net profit at Rs 452.28 crore. Additionally, IDFC stocks too declined over 4% even as the company reported 46.74% rise in its consolidated net profit at Rs 557.31 crore for the quarter ended June 30, 2013. TV18 Broadcast, Colgate Palmolive and Reliance Capital were some of the other stocks which witnessed selling pressure post reporting their Q1FY14 earnings. The market breadth on the BSE remained negative; advances and declining stocks were in a ratio of 848: 1387, while 146 scrips remained unchanged. and a low of 19751.03 and 19570.87 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 1.27% and 0.98% respectively. On the BSE Sectoral front, IT up by 0.65% and Auto up by 0.52% were the only gainers, while FMCG down by 2.84%, Metal down by 1.88%, Realty down by 1.85%, PSU down by 1.82% and Bankex down by 1.24% were the top losers. (Provisional) from its previous close of 16.78 on Friday. The CNX Nifty lost 56.15 points or 0.95% to settle at 5,830.05. The index touched high and low of 5,886.00 and 5,825.80 respectively. 12 stocks advanced against 38 declining on the index. (Provisional) concluded Monday's trade mostly in red. Japanese Nikkei tumbled more than 3% ending at their lowest level in more than a month. China's Shanghai Composite plunged the most in three weeks, sending the key index to a fourth straight day of decline, Indonesia has likely turned the corner on a ballooning current account deficit, with the figure set to narrow in the current quarter after strong imports and a slump in exports widened it in the year's second quarter, the central bank stated.

Commodity
Crude (US$/bl)

%Chg
104.3 1328.0 #DIV/0! #DIV/0!

Gold (US$/oz) Top 5 Movers JINDALSTEL TATAMOTORS ULTRACEMCO GRASIM ASIANPAINT

Close Price
199 296 1,890.15 2,723.90 5,127.70

%Chg
4.76 2.09 1.35 1.16 1.03

Top 5 Loser
IDFC JPASSOCIAT HINDALCO AMBUJACEM SESAGOA

Close Price
110.25 39.85 90.45 170.8 126

%Chg
-4.79 -4.44 -4.24 -4.07 -3.96

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Quite fragile sentiments of trade at Indian equity markets, which struggled to gain traction amidst mixed global cues on Monday. Slew of negative earnings plagued the markets and kept the mood largely downbeat at Dalal-Street in absence of positive catalyst. Lack of investors' conviction was firmly evident in today's trading session as bourses not even for once did entered in positive territory. Market-participants remained reluctant to initiate large bets and evidently preferred to remain on sidelines ahead of RBI's monetary policy review on July 30, 2013, which could be a game changer for local equity markets, in the event the RBI decides to hike rates or roll-back measures taken in the previous week to curb Rupee's volatility. By the end of the trade, Sensex offloaded over 3/4 of a percent, to end past the crucial 19,550 level, while Nifty too declining in the similar magnitude, ended sub 5,850 psychological level. For the upcoming sessions we believe spot index may contunue its range bound trading though sentiments remain subdued and we might see 5750-5630 in a short span of time. On the flip side 5995 followed by 6045 could be the upper range. HAPPY TRADING................

Index
SENSEX NIFTY BANK NIFTY

Support 2
19277 5742 10040

Support 1
19405 5790 10205

Previous Close
19593 5832 10433

Resistance 1
19720 5896 10605

Resistance 2
19860 5945 10798

Trend
Rangebound Rangebound Rangebound

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Mansukh Securities and Finance Ltd

Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com Website: www.moneysukh.com

SEBI Regn No. BSE: INB010985834 /

NSE: INB230781431 PMS Regn No. INP000002387

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

Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com Website: www.moneysukh.com

SEBI Regn No. BSE: INB010985834 /

NSE: INB230781431 PMS Regn No. INP000002387