3rd Jan 2014

MARKET DIARY
SGX NIFTY : 6203 ( 55pts Down )

Quote of The Day

"Even the intelligent investor is likely to need considerable willpower to keep from following the crowd." Benjamin Graham

MARKET
Name Sensex Nifty DOW NASDAQ CAC DAX FTSE NIKKIE HANG SENG EW ALL SHARE Value 20888.32 6221.15 16441.35 4143.07 4227.28 9400.47 6717.91 Change (252.15) (80.50) (135.31) (33.52) (68.67) (152.12) (31.18)

Chart of the Day Indian HSBC Manufacturing PMI Trend

Closed 22955.45 (385.05) 10045.97 32.62

INSTITUTIONAL TURNOVER
FII Investor 2nd Jan, 14 Buy(Cr.) 2396.16 2621.28 2621.28 DII Investor 2nd Jan, 14 Jan,14 2014 Buy(Cr.) 914.67 2621.28 2621.28 Sale(Cr.) 1,104.42 1,937.07 1,937.07 Net(Cr.) (189.75) 684.21 684.21 Sale(Cr.) 1,722.11 1,937.07 1,937.07 Net(Cr.) 674.05 684.21 684.21

Index Action-Nifty (2nd Jan, 14)

Jan,14 2014

Contents Economic calendar News Derivative Research

Index

Page 4 3 2

Coverage UPDATE UPDATE UPDATE UPDATE

COMMODITY PRICE COMMODITY/CURRENCIES Value GOLD 28975.00 SILVER 45431.00 CRUDEOIL 108.22 COPPER NATURALGAS DOLLAR/RS. EURO/RS. POUND/RS. 469.50 269.90 62.26 85.12 102.53

Narnolia Securities Ltd.

124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196 email: research@narnolia.com, website : www.narnolia.com

Derivative Research
NIFTY SNAPSHOT Nifty Spot Nifty Jan 2014 Future Nifty Feb 2014 Future Nifty Jan 2014 Open Interest Nifty Feb 2014 Open Interest 7 DMA of Spot Nifty 21 DMA of Spot NIfty 50 DMA of Spot Nifty VOLATILITY INDEX (VIX) PUT CALL RATIO Nifty (Jan Series) Option OI Distribution: 6221.15(-80.15) 6255 6298 19310900 1200300 6282 6251 6192 16.55(+0.97) 0.92 GRAPH

Index Outlook

Activity of Nifty (Jan Series) Strike CALL OI % Chng 6000 870400 9.9 6100 860050 -2.7 6200 1426050 23.6 6300 3207750 21.5 6400 3864400 3.6 6500 5044150 8.2 Fresh Long Seen In (Rising OI -Rising Price) Scrip OI OI ch% OFSS 2,78,375 12.8 MARUTI 35,36,000 5.4 HAVELLS 4,50,000 4.5 ASHOKLEY 251,10,000 1.9 RANBAXY 111,38,000 0.7 RISE IN PCROI STOCK T1 ABIRLANUVO 0.24 SYNDIBANK 0.41 MRF 0.50 ARVIND 0.66 JSWSTEEL 1.22

PUT OI 2957600 3281850 3679100 3521350 1306300 705650 CMP 3288.0 1769.4 796.1 17.7 462.8 T2 0.08 0.17 0.25 0.44 0.82 % Chng 2.0 8.1 -1.3 -15.8 -5.5 0.5 Ch% 0.4 0.3 0.6 2.9 0.1

FIIs Activity (Fig in Cr) Segment INDEX FUTURE INDEX OPTION STOCK FUTURE STOCK OPTION TOTAL

Buy 76 1,739 324 263 2,402

Sell 91 1,186 300 264 1,842

Net (15) 553 24 (1) 560

Fresh Shorts Seen In: (Rising OI -Falling Price) Scrip OI OI ch% ADANIENT 41,74,000 15.2 NTPC 243,00,000 14.1 IDEA 117,88,000 13.2 SUNTV 26,88,000 10.3 COALINDIA 87,01,000 8.1 FALL IN PCROI STOCK T1 PFC 0.5 INDUSINDBK 1.0 POWERGRID 0.6 RECLTD 0.4 HAVELLS 0.1

CMP 255.3 135.0 160.5 367.0 283.0 T2 0.7 1.3 0.8 0.7 0.1

Ch% -5.0 -2.2 -4.6 -4.4 -3.0

Markets Snapshot
Top Price Performers Top Performers 1D MBLINFRA WINSOMEDJ ORBITCORP BPL SIMPLEX Worst Price Performers Worst Performers 1D CMAHENDRA ONMOBILE DBREALTY RAMANEWS GLOBALCA % Change (12.94) (10.81) (10.71) (10.29) (10.00) Worst Performers 1W GLOBALCA BIHARSPONG INDINFO SCANPGEOM ONELIFECAP % Change (39.89) (20.42) (18.41) (18.16) (17.68) Worst Performers 1M STAR GLOBALCA KINETICENG CURATECH INDINFO % Change (56.45) (43.18) (37.27) (33.69) (32.84) % Change 19.38 13.93 12.91 11.25 9.95 Top Performers 1W UBHOLDINGS SIGRUN CRESTANI MAVENSBIO KAVVERITEL % Change 48.94 45.45 37.09 35.62 34.24 Top Performers 1M MLKFOOD DQE MCDHOLDING RAMSARUP SVCRES % Change 113.29 106.80 89.96 88.89 86.82

Top News :
HCC has received a Letter of Award from IRCON International Ltd for Construction of One Tunnel and Two bridges between Aprinchala and Sumber Stations on Dharam and Qazigund Section of the Udhampur-Srinagar-Baramulla New Broad Gauge Railway Line Project in Jammu & Kashmir. The value of the contract is Rs. 442.52 Crore. The project will be completed in 48 months. The order is 5.25% of sales . Eicher Motors Dec 2013 Auto sales : -30.4 % ( YoY ) , +25.5 % ( MoM ) . TATA Motors Dec 2013 Auto sales : - 42.3 % ( YoY ) , -7.4 % ( MoM ) .TVS Motors Dec 2013 Auto sales : 2.1 % ( YoY ) , -1.5 % ( MoM ) . Escorts Agri Machinery tractor Volumes sells is degowth ( -3.7% ) ( 3,852 tractors in December 2013 Vs 4006 tractors in December 2012). ssangyong Motors Dec 2013 Auto sales : +11.8 % ( YoY ) , -5.4 % ( MoM ) . Alstom T&D India has secured an order worth Rs 544 million for a turnkey 220kV Air-Insulated substation at Bihta and associated 220/132/33kV bays extensions at various locations for Bihar State Power Transmission Company Limited (BSPTCL) in Bihar Kirloskar Brothers Ltd has informed that Kirloskar Brothers International B.V. Netherlands, a wholly owned subsidiary of the Company, has acquired balance 40% holding in Kirloskar Brothers Europe B.V. Netherlands . As a result, Kirloskar Brothers Europe B.V. has now become 100% subsidiary of Kirloskar Brothers International B.V. Dhanuka Agritech's Credit Rating upgraded by ICRA Limited. Long-term rating of the Company has been upgraded from A to A+ for Rs. 50.0 crores fund based facilities. ICRA has also upgraded the short-term rating from A1 to A1+ for Rs. 50.0 crores non-fund based limits of Company The euro zones manufacturing purchasing managers index held steady at a 31-month high of 52.7 in December, unchanged from a preliminary reading and up from 51.6 in November. U.K. manufacturing PMI fell to a seasonally adjusted 57.3 last month from a reading of 58.1 in November. Analysts had expected the manufacturing PMI to ease down to 58.0 in December. The HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, fell to 50.7 in December from 51.3 in the previous month. The index, which gauges business activity in Indian factories but not its utilities, spent three months below the 50 mark that separates growth from contraction before rising above it in November. China's final HSBC/Markit manufacturing Purchasing Managers' Index (PMI) slipped to 50.5 in December from 50.8 in November, unchanged from a preliminary reading. Italian manufacturing purchasing managers index rose to a seasonally adjusted 53.3 last month from a reading of 51.4 in November. Analysts had expected the index to rise to 51.8 in December.

Management Tweets
Kolte-Patil Mgt Guideline : Slamming the Maharashtra Governments decision to hike ready reckoner rates by 20 percent with effect from January 1, 2014, Kolte-Patil , expects property prices to rise by 2-3 percent. A day after the Government announced the rate hike , developers will have to pay higher stamp duties and premiums now, thereby causing the property rates to hike.Ready reckoner rates are calculated using the built-up area of a property and are used to determine its market value. Before 2008, it used to be calculated using the carpet area. On how the sales trajectory has been for the company, Mgt says the sales in December in Pune were far better than November as properties below Rs 1 crore still have robust demand. Delta Corp Mgt Guideline : The company is in the process of starting a five-star hotel in Daman that will also play host to a casino. Mgt said earnings in the current year have grown about 60 percent and that for the full year, numbers would be better than estimates. Delta, which owns three offshore casinos in Goa, logged a half-yearly operating profit of Rs 107 crore on sales of Rs 409 crore in FY14. Sangam India Mgt Guideline : Company said that its promoter group company has bought 16.35 lakh shares at Rs 30 per share increasing their stake upto 42.8 percent in the company. Shares of the company inched around 8 percent to close at Rs 40.95 on Thrusday. Mgt expects further promoter buying as the stock is under-valued and the company will use this opportunity to consolidate its stake through creeping.
Economic Calendar
Monday 30-Dec Tuesday 31-Dec Wednesday 1-Jan Thursday 2-Jan Friday 3-Jan

US

S&P/CS Composite-20 HPI y/y , Pending Home Sales m/m .

Chicago PMI

Unemployment Claims , Final Manufacturing Crude Oil Inventories , Total Vehicle Sales PMI , ISM Manufacturing PMI , Construction , Natural Gas Storage . Spending m/m .

UK/EURO ZONE

Housing Equity Withdrawal q/q

Retail PMI

Spanish Manufacturing PMI , Italian Manufacturing PMI , Manufacturing PMI .

Spanish Unemployment Change , M3 Money Supply y/y , Private Loans y/y , Construction PMI , BOE Credit Conditions Survey , Net Lending to Individuals m/m .

INDIA

Auto sales no .

Auto sales no .HSBC manufacturing PMI data

Result Calendar Q3FY14

BSE Code
532131 514358 536709 502700 532857 507488 521248 532187 500209 506894 509567 507984 517326 500086 520066 500266 532978 500034 532977 500490

Company Name
Triumph Intl Everlon Syn VAK POW INF Arunoday Mills Glory Polyfilms GM Breweries Kitex Garments Indusind Bank Infosys Chemfab Alk Goa Carbon-$ SER Inds CMC Exide Inds Jay Bharat Marut Maharashtra Scoot Bajaj Finserv BAJFINANCE Bajaj Auto Bajaj Holdings

Date
3-Jan-14 4-Jan-14 4-Jan-14 7-Jan-14 7-Jan-14 7-Jan-14 9-Jan-14 10-Jan-14 10-Jan-14 11-Jan-14 11-Jan-14 11-Jan-14 13-Jan-14 13-Jan-14 13-Jan-14 14-Jan-14 15-Jan-14 15-Jan-14 16-Jan-14 16-Jan-14

BSE Code
500490 511288 532894 531841 532218 500180 500820 500411 533573 500010 531049 532652 533179 507598 505250 500165 500414 524038 522261 521038

Company Name
Bajaj Holdings Gruh Finance Indowind Ener Indus Finance Corp South Indian Bank HDFC Bank Asian Paints Thermax Alembic Pharma HDFC Neelkanth Rock Karnataka Bank Persistent Sys KLRF GG Dandekar Kansai Nerolac Timex Group-$ Venlon Enter Dolphin Offsh-$ Tamilnadu Jai

Date
16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 17-Jan-14 20-Jan-14 21-Jan-14 22-Jan-14 22-Jan-14 23-Jan-14 24-Jan-14 25-Jan-14 27-Jan-14 31-Jan-14 31-Jan-14 31-Jan-14 31-Jan-14 3-Feb-14 3-Feb-14

N arnolia Securities Ltd

402, 4th floor 7/ 1, Lord s Sinha Road Kolkata 700071, Ph 033-32011233 Toll Free no : 1-800-345-4000 em ail: research@narnolia.com , w ebsite : w w w .narnolia.com

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