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Equity Weekly Update



November to 13


November 2013

Sensex 21196.81 513.29 Weekly Outlook: - FII flows to dictate trend Trend in investment by foreign institutional investors (FIIs) who are currently on a buying spree, trend in other global emerging markets, rupee movement and movement in crude oil prices will determine near term on the domestic bourses. Investors will eye the next batch of Q2 September 2013 corporate earnings. State-run power equipment major Bharat Heavy Electricals (Bhel) unveils Q2 September 2013 results on Wednesday, 6 November 2013. Tata Motors and Punjab National Bank unveil Q2 results on Friday, 8 November 2013. Market Economics will unveil the results of a monthly survey on the performance of India's services sector for October 2013 on Tuesday, 5 November 2013. Weekly Movement of Market Key Indices Nifty Sensex Bank Nifty CNX IT NSE Midcap BSE Auto BSE FMCG BSE Metal BSE Oil & Gas BSE Power BSE PSU BSE Reality Top Gainer/ Loser BSE Indian Bank HDIL UBI Apollo Tyres Oriental Bank United Brew Adani Ports Essar Oil GSPL Coromandel Int Global Markets Shanghai Nikkei HangSeng FTSE CAC DAX DJIA NASDAQ Level 6307.20 21196.81 11628.65 8799.55 7627.20 12230.53 6751.68 9305.59 8890.62 1608.75 5863.38 1378.59 Level 93.20 46.90 134.40 73.85 194.20 892.10 144.95 53.45 55.70 Change 162.30 513.29 732.15 -13.00 261.20 436.18 -108.51 330.15 197.99 41.09 247.94 54.68 Change 9.90 4.30 10.90 5.70 13.35 -71.10 -9.65 -3.35 -3.45 Change (%) 2.64 2.48 6.72 -0.15 3.55 3.70 -1.58 3.68 2.28 2.62 4.42 4.13 Change (%) 11.88 10.09 8.83 8.36 7.38 -7.38 -6.24 -5.90 -5.83 -4.76 Change (%) 0.78 0.80 2.43 0.20 0.02 0.25 0.29 -0.54 Weekly Round up:The S&P BSE Sensex hit a record high last week on continued foreign funds inflow. The 50-unit CNX Nifty attained its highest closing level in nearly three years. Investors' sentiment improved after the Reserve Bank of India (RBI) eased liquidity situation by cutting marginal standing facility (MSF) to 8.75% in its monetary policy on Tuesday, 29 October 2013. Data showing strong growth in infrastructure sector output in September 2013 also boosted investor sentiment. The S&P BSE Sensex rose 513.29 points or 2.48% to 21,196.81. The 50-unit CNX Nifty rose 162.30 points or 2.64% to 6,307.20, its highest closing level since 5 November 2010. The BSE Mid-Cap index outperformed the Sensex, rising 3.55%. The BSE Small-Cap index underperformed the Sensex, rising 1.95%. Technical View On the daily chart of nifty we can see nifty current trend is up and has broken its resistance level of 6200 with good volumes. Currently nifty is trading above its 8 days, 13 days and 21 days EMA. Investors with long position can hold their position for target price of 6370-6400 with strict stop loss of 6250. Weekly Chart Nifty Nifty 6307.20 162.30 Nifty Future 6358.00 154.65

218.95 -10.95 Level Change Asian 2,149.56 14,201.57 16.60 113.38

23,249.79 551.45 European 6,734.74 4273.19 9,007.83 US 15,615.55 3,922.04 45.27 -21.32 13.40 0.88 22.09

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Institutional Activities (Rs Cr) FIIs Monday Tuesday Wednesday Thursday Friday DIIs Monday Tuesday Wednesday Thursday Friday Buy 2328.97 2838.12 2910.2 2572.92 Buy 458.04 991.53 907.29 1002.27 Sold 1692.19 1735.08 1893.43 2385.97 Sold 1360.72 1885.57 1457.89 1424.97 Net 636.78 1103.04 1016.77 186.95 Net -902.68 -894.04 -550.6 -422.7

Calls for the Week Stock on the Move: - Syndicate Bank

Technical View: - On the daily chart of syndicate bank we can see stock has bounced back from its lower levels and has broken its resistance level of 80.20. Currently stock is trading above its 8 days, 13 days and 21 days EMA. Investor can buy stock near 82 with stop loss of 80 for target price of 86-88.

Highlights of the Week

Oriental Bank of Commerce raises fixed deposit rates by up to 0.5 per cent. Bimal Jalan committee on new bank licences holds first meeting. SBI increases interest rates on some deposits. Muthoot Finance aims to become financial supermarket. Banks' loans, deposits grow slower vs RBI's FY14 estimate. Max Life posts 11% growth in new business premium in H1. General insurance industry may touch Rs 3 lakh-crore by 2025: FICCI. 4 turnaround PSUs including Bharat Coking Coal and NFDC report profits for 3 yrs in a row. FICCI delegation explores business opportunities in Kuwait. Corporate India mops up Rs 1.70 lakh crore through commercial papers in H1 2013-14: Prime.

Bosch appoints Guenter Weber as regional president in India. Government appoints three new directors on Coal India board. SpiceJet announces appointment of Sanjiv Kapoor as its Chief Operating Officer. Birla Sun Life appoints Pankaj Razdan as managing director. Gulf Oil net for September quarter rises to Rs 12.4 crore. Greaves Cotton reports net loss of Rs 7.98 crore in Q2. Eveready Industries Q2 net up at Rs 3.7 crore. Wyeth Q2 net profit dips 39% at Rs 18.38 crore. Black money: Cyprus black-listed for withholding information Forex reserves flow in through Raghuram Rajan's special deposit & swap schemes. Forex reserves rise to $282.95 billion as of October 25: RBI. Indian bank loans up 16.6 pc y/y in two weeks to October 18: RBI.

Derivative Trend

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