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2014: Issue 445, Week: 20th - 23rd OctoberA Weekly Update from SMC
(For private circulation only)
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
Fixed Deposit 16
Mutual Fund 17-18
EDITORIAL STAFF
Editor Saurabh Jain
Executive Editor Jagannadham Thunuguntla
+Editorial Team
Dr. R.P. Singh Nitin Murarka
Vandana Bharti Sandeep Joon
Dinesh Joshi Vineet Sood
Shitij Gandhi Dhirender Singh Bisht
Subhranil Dey Parminder Chauhan
Ajay Lakra Mudit Goyal
Content Editor Kamla Devi
Graphic Designer Pramod Chhimwal
Research Executive Sonia Bamba
REGISTERED OFFICES:
11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005.
Tel: 91-11-30111000, Fax: 91-11-25754365
MUMBAI OFFICE:
Dheeraj Sagar, 1st Floor, Opp. Goregaon sports Club, Link Road
Malad (West), Mumbai 400064
Tel: 91-22-67341600, Fax: 91-22-28805606
KOLKATA OFFICE:
18,Rabindra Sarani, Poddar Court, Gate No-4,
5th Floor, Kolkata-700001
Tel : 91-33-39847000 Fax No : 91-33-39847004
AHMEDABAD OFFICE :
10/A, 4th Floor, Kalapurnam Building, Near Municipal Market,
C G Road, Ahmedabad-380009, Gujarat
Tel : 91-79-26424801 - 05, 40049801 - 03
CHENNAI OFFICE:
Salzburg Square, Flat No.1, III rd Floor, Door No.107, Harrington Road,
Chetpet, Chennai - 600031.
Tel: 044-39109100, Fax -044- 39109111
SECUNDERABAD OFFICE:
206, 3rd Floor, above CMR Exclusive, Bhuvana Towers, S.D.Road,
Secunderabad - 500003
Tel: 91-40-30780298/99, 39109536
DUBAI OFFICE:
312, Belshalat Building, Al Karama, Dubai, P.O. Box 117210, U.A.E.
Tel: 97143963120, Mobile : 971502612483
Fax : 9714 3963122
Email ID : [email protected]
Printed and Published on behalf of
Mr. Saurabh Jain @ Publication Address
11/6B, Shanti Chamber, Pusa Road, New Delhi-110005
Website: www.smcindiaonline.com
Investor Grievance : [email protected]
Printed at: S&S MARKETING
102, Mahavirji Complex LSC-3, Rishabh Vihar, New Delhi - 110092 (India)
Ph.: +91-11- 43035012, 43035014, Email: [email protected]
tock markets globally fell during the week on the back of continuous fall in
commodity prices suggesting weakness in the global macro economy. Fresh signs Sof weakness from Euro zone and Japan together with slowdown in China are
shaking investors' confidence for global growth. Industrial production contracted at a
rate of 3.3 percent in Japan compared to a year ago period. Besides these, fall in euro
zone industrial production, slow British inflation data in September and Fitch warning
for France to cut its credit rating also spooked the investors sentiments. The recent
inflation number from China has raised concerns that the world's second biggest
economy continues to lose impetus despite a push of stimulus measures. Economies
such as euro zone, Japan and now China are feeling deflationary pressure. Japan
needs more structural reforms to get out of the hole. Market participants have
become more cautious due to various factors such as worries about the U.S. Federal
Reserve ending its bond-buying stimulus later this month, mounting risks of recession
in the euro zone and a staggering Japanese economy. Meanwhile, crude oil prices fell
again on worries about slow global growth and also on the reports that key oil
producers want to maintain current output levels. The only silver line seems to be the
US, which appears to be recovering reasonably well with some mixed data.
On the domestic front, though market is witnessing a kind of profit booking but with
improving macro economy such as shrinking Current Account Deficit (CAD); forex
reserves are indeed healthy; easing inflation and country's other fundamentals,
market is expected to continue its bullish momentum. The lot of positive ramification
for India has made India a better market compared to the rest of the world. However,
the retail inflation (CPI) for the month too has fallen to 6.46 per cent. Since the start
of the October month, foreign investors have pulled out nearly Rs. 1800 crore from the
Indian stock market due to profit booking and as also the market is in a consolidation
mode. In the coming week FII inflows, global cues and corporate results will continue
to dictate the movement in the market. Rupee movement will also play a crucial role
in determining the market movement.
Now, it appears that investors pulled out their money from riskier asset and preferred
safe haven buying in gold. For continuous third week, CRB closed down. It ignored the
two week fall in dollar index. An index of the six main metals, LMEX traded on LME, has
sagged 6.1% since June 30. Crude Oil futures have collapsed into bear markets.
Moving ahead, gold is expected to continue its upside momentum due to decline in
greenback and increase in physical demand in India as indicated by rise in premium.
Crude oil prices may trade in the range of 4800-5400 in MCX and $75-85 in NYMEX. Base
metals counter is expected to tad lower, continuing last week losses due to economic
concerns in euro zone and slowdown in China. GDP of China and UK, CPI of Australia,
UK and US are few data points and events, which should be taken care of.
From The Desk Of Editor
(Saurabh Jain)
NEWS
DOMESTIC NEWSEconomy•India's exports rose by a marginal 2.73% to $28.9 billion in September, but
trade deficit more than doubled to $14.2 billion in the month due to a surge in gold imports. Trade deficit in September, 2013 was $6.12 billion. During April-September period, exports registered a growth of 6.47% to $163.7 billion. Imports during the period grew by 1.57% to $234 billion, leaving a trade deficit of $70.39 billion in the first half of the current fiscal. India's export growth had slipped by 2.35% at $26.95 billion in August.
•Indirect tax collections inched up by 5.8% in the April-September period of this fiscal. Indirect tax collections, comprising excise, customs and service tax, stood at 2,41,811 crore in the first six months of 2014-15 fiscal as against 2,28,619 crore in the corresponding period a year ago.
•India's retail inflation dropped to 6.46% in September on falling prices of fruits and vegetables, the lowest since India started computing Consumer Price Index (CPI) in January 2012. The overall food inflation measured on the Consumer Price Index (CPI) fell to 7.67% as against 9.35% in the previous month and 11.75% in September 2013.
•The Finance Ministry has approved 25 FDI proposals, including six of single-brand retail trade, envisaging a total investment of Rs 1,546.12 crore, and referred a ̀ 1,800-crore pharma proposal to the Cabinet for consideration.
•The telecom regulator TRAI has recommended about 10% higher price for next round of spectrum in the 1800 Mhz band, known as 2G spectrum.
Automobile•Ashok Leyland has received an order worth $17 million (around Rs 104
crore) to supply 630 buses to Sri Lankan operators. The company, through its joint venture in Sri Lanka, has received an order for 630 buses worth $17 million from private bus operators.
Pharmaceutical•Suven Life Sciences received one product patent each from the US and
South Korea for CNS molecule which could be used for treating various central nervous system disorders.
•Ranbaxy Laboratories Ltd had agreed to pay $39.75 million to settle litigations concerning its participation in Texas Medicaid, the US federal-state healthcare program for the poor.
Capital Goods•Alstom T&D India has secured a 138 crore (approximately Euro 17 million)
contract from Power Grid Corporation of India Limited (PGCIL) to supply transformers and reactors for the expansion of 400/220 kV grid substations across southern India. The project is part of Power Grid's System Strengthening Scheme to boost power handling capacity of substations, and stabilise the transmission infrastructure in southern India.
Chemicals•Gujarat Alkalies and Chemicals Limited (GACL), the Vadodara-based
caustic soda manufacturer, plans to invest 3500 crores in expansion and new projects for caustic soda and other products.
Fertilizers•Rashtriya Chemicals and Fertilisers (RCF) is planning to set up an urea
plant at its Thal manufacturing site near Mumbai with an estimated investment of 4,500 crore.
Mining & Minerals•GMDC has acquired land in excess of 100 hectares for the first phase of an
alumina plant and aluminium smelter plant, which would be set up in joint venture with Navratna Public Sector Unit (PSU) National Aluminium Company Limited (NALCO) at Mandvi taluka in Kutch district. In all, 400 hectares of land is required for the first phase of the project.
INTERNATIONAL NEWS•US industrial production surged up by 1.0 percent in September after
edging down by a revised 0.2 percent in August. Economists had been expecting production to increase by about 0.4 percent compared to the 0.1 percent drop originally reported for the previous month.
•US initial jobless claims fell to 264,000, a decrease of 23,000 from the previous week's unrevised level of 287,000. The decrease came as a surprise to economists, who had expected jobless claims to edge up to 290,000. With the unexpected decrease, jobless claims fell to their lowest level since hitting 259,000 in the week ended April 15, 2000.
•US retail sales dropped by 0.3 percent in September after climbing by 0.6 percent in August. Economists had been expecting sales to edge down by just 0.1 percent.
•Eurozone Inflation fell to 0.3 percent, in line with flash estimate, from 0.4 percent in August. This was the lowest since October 2009, when prices fell 0.1 percent. It has been below the 2 percent ceiling since February 2013.
•The Eurozone The trade surplus rose to a seasonally adjusted EUR 15.8 billion in August from EUR 12.7 billion in July. Exports decreased for the third consecutive month in August. Shipments were down 0.9 percent following a 0.1 percent drop in July. Imports declined 3.1 percent reversing July's 0.6 percent increase.
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EX-DATE SYMBOL PURPOSE20-OCT-14 MINDTREE INTERIM DIVIDEND21-OCT-14 HCLTECH INTERIM DIVIDEND21-OCT-14 FEDDERLOYD DIVIDEND RE.1/- PER SHARE22-OCT-14 CRISIL INTERIM DIVIDEND22-OCT-14 CROMPGREAV INTERIM DIVIDENDMEETING DATE SYMBOL PURPOSE20-OCT-14 JUSTDIAL RESULTS/OTHERS20-OCT-14 MCDOWELL-N RESULTS20-OCT-14 INDBANK RESULTS20-OCT-14 IDEA RESULTS20-OCT-14 HINDZINC RESULTS20-OCT-14 EXIDEIND RESULTS21-OCT-14 TATACOFFEE RESULTS21-OCT-14 ZENSARTECH RESULTS21-OCT-14 UPL RESULTS21-OCT-14 PNB RESULTS21-OCT-14 KPIT RESULTS21-OCT-14 JSWSTEEL RESULTS21-OCT-14 CAIRN RESULTS21-OCT-14 BIOCON RESULTS22-OCT-14 ASIANPAINT RESULTS22-OCT-14 WIPRO RESULTS22-OCT-14 KOTAKBANK RESULTS22-OCT-14 HDFC RESULTS22-OCT-14 HAVELLS RESULTS27-OCT-14 KAJARIACER RESULTS28-OCT-14 RANBAXY RESULTS28-OCT-14 SRF RESULTS28-OCT-14 INGVYSYABK RESULTS28-OCT-14 MANGLMCEM RESULTS28-OCT-14 LUPIN RESULTS28-OCT-14 ABB RESULTS
FORTHCOMING EVENTS
NOTES:
1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name
of "Morning Mantra ".
2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength
coming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and
taking a long-term view and not a short-term view.
TREND SHEET
Stocks *Closing Trend Date Rate SUPPORT RESISTANCE Closing
Price Trend Trend
Changed Changed
SENSEX 26109 UP 12.09.13 19317 25800 25400
S&P NIFTY 7780 UP 12.09.13 5728 7700 7600
CNX IT 10746 DOWN 17.10.14 10746 11300 11400
CNX BANK 15930 UP 08.03.14 11278 15000 14800
ACC 1407 DOWN 01.10.14 1377 1450 1470
BHARTIAIRTEL 396 UP 24.07.14 355 390 380
BHEL 227 UP 17.10.14 227 210 205
CIPLA 596 UP 12.06.14 416 590 570
DLF 111 DOWN 31.07.14 198 130 145
HINDALCO 139 DOWN 27.08.14 170 155 160
ICICI BANK 1505 UP 08.03.14 1134 1450 1420
INFOSYS 3852 UP 19.06.14 3312 3700 3650
ITC 354 UP 10.07.14 342 350 345
L&T 1453 DOWN 26.09.14 1476 1550 1570
MARUTI 2941 UP 19.09.13 1480 2850 2800
NTPC 141 DOWN 17.07.14 150 147 150
ONGC 397 DOWN 17.10.14 397 420 430
RELIANCE 938 DOWN 10.07.14 997 1000 1020
TATASTEEL 448 DOWN 27.08.14 513 485 500
S/l
4
®
Closing Price as on 17.10.14
BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
SMC Trend
FMCGHealthcare
FTSE 100CAC 40
Auto BankRealty
Cap GoodsCons Durable
Oil & GasPower
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
ITMetal
Down SidewaysUp
SMC Trend
Nifty BSE Midcap S&P CNX 500
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
BSE SmallcapSensex Nifty Junior
5
®
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
-649.75
-542.37
-679.32
14.61
189.80
483.90459.50
-800.00
-600.00
-400.00
-200.00
0.00
200.00
400.00
600.00
Friday Monday Tuesday Wednesday Thursday
FII / FPI Activity MF Activity
4.273.86
1.39 1.38 1.35
-7.55
-4.86
-4.16
-3.08 -2.91
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
Coal India Axis Bank Tata Power Co.
GAIL (India) Hind. Unilever
M & M Hindalco Inds.
Sesa Sterlite Dr Reddy's Labs
Reliance Inds.
3.98 3.81 3.68 3.551.89
-27.71
-7.46-6.60
-5.71 -5.63
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
Coal India Axis Bank NMDC IndusInd Bank Punjab Natl.Bank
DLF M & M UltraTech Cem.
Grasim Inds Asian Paints
-1.42
-1.13
-2.12
-2.52
-2.01
-1.66
-3.00
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Junior S&P CNX 500
-1.38
-2.58
-2.28
-3.67
-2.16
-0.81 -0.76
-2.27
-3.81-4.00
-3.50
-3.00
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.
FTSE 100 CAC 40
-2.58
0.61
-2.57
-4.94
-2.36
-1.19
-2.32 -2.21
-11.06-12.00
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
Auto Index Bankex Cap Goods Index
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index
Power Index Realty Index
Beat the street - Fundamental Analysis
Above calls are recommended with a time horizon of 1 year. Source: Company Website Reuters Capitaline
Current Mkt.Price (`) 240.60Face Value ( ) 1.0052 Week High/Low 300.00/170.10M.Cap ( Cr.) 4354.86EPS ( ) 4.01P/E Ratio (times) 59.98P/B Ratio (times) 5.93Dividend Yield (%) 1.25Stock Exchange BSE
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` in cr
Actual Estimate
FY Mar-14 FY Mar-15 FY Mar-16
Revenue 1,318.40 1,571.90 1,861.80
EBITDA 157.20 206.20 252.90
EBIT 132.90 182.40 230.90
Pre-tax Profit 85.80 172.40 225.20
Net Profit 85.38 171.50 204.50
EPS 5.00 9.44 11.18
BVPS 40.57 47.27 52.41
ROE 12.40 21.70 23.60
% OF SHARE HOLDING
Investment Rationale •The company is also engaged into service sector in organized laundry ti provide “ World class laundry •Jyothy Laboratories manufactures and distributes at affordable price at your doorstep” through its brands across product categories as diverse as subsidiary 'Jyothy Fabricare Services Limited'. The fabric care, household insecticides, utensil management expects laundry business to be cleaners, fragrances, personal care, besides EBIDTA positive by March 2015.marketing tea and coffee brands. The company
has 10 brands in its kitty including Ujala, Maxo, •Net profit of the company rose 72% to 42.46 crore Exo, Henko, Pril, Margo, Neem, Fa, Mr.White and in the quarter ended June 2014 as against Rs 24.69 Chek that are well-known and established brands crore during the previous quarter ended June in their respective categories. 2013. Sales rose 15.8% to 385.14 crore in the
quarter ended June 2014 as against 332.58 crore •The management is confident of sustaining the during the previous quarter ended June 2013.strong revenue growth momentum in the coming
quarters on the back of innovations, increased Valuationdistribution reach and adequate promotional The company continues to deliver superior value and activities. The OPM is expected to remain at 13.5- strong performance through various measures such as 14% in the near future. The gross margins are healthy innovation pipeline, aggressive brand expected to improve going forward, led by a investment and focus on improvement of margin, we revival in growth of high margin products like expect the stock to see a price target of 335 in one Ujala fabric whitener. year time frame on a target P/E of 30x and FY16 (E)
•The company has re-launched Henko Matic in the earnings of ̀ 11.18.premium to mild-premium detergent segment with a new proposition. The brand was promoted through a digital campaign, social media and on ground tie-ups. Henko Matic has been launched with the aim of grabbing a 20% share in the matic segment and a 10% share in the super premium detergent segment in the coming years.
•In dishwashing segment, Pril was re-launched in August 2014 with a new formulation. The company has also launched 225ml bottles and pouches to attract first time users to the brand and the liquid format of the dishwashing detergent.
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P/E Chart
JYOTHY LABORATORIES LIMITED CMP: 240.60 Upside: 39%Target Price: 335
VALUE PARAMETERS
VALUE PARAMETERS
% OF SHARE HOLDING
Investment Rationale and in the development of environment friendly storage power alerternatives. The company is the only •Exide Industries is a leading manufacturer of lead domestic supplier of lithium-ion batteries for electric acid batteries for automotive, telecom, traction, vehicles manufactured by Mahindra-Reva. UPS, naval and motive power markets. The
Company sells its products under EXIDE, SF, SONIC •and Standard Furukawa Brands. In the international market, the products are sold under DYNEX, INDEX and SONIC brands.
•The Company plans a capex of ̀ 350 crore for FY15. Of this, around 200 crore allotted for automotive segment and remaining 150 crore for industrial segment.
•The growth in topline came on account of sales Valuationimprovement across the segments, with To maintain its leadership position, the company is automotive and industrial battery segment continuosly upgrading its technology and also contributed the most. The Company revenue acquiring new technology to meet the ever increasing contribution from automotive and industrial demands of its customers. It is expected that the segment was in the ratio of 60:40. stock will see a price target of 222 in one year time
•Capacity utilization of the company during the frame on a target P/E of 25x and FY16 (E) earnings of quarter ended June 2014 was 76% for 4-W `8.88.automotive segment. Capacity utilization was above 100% for industrial segment. The Company capacity utilization of smelter subsidiaries was almost 80%. The Company market share stood at 63.1% for 4-W automotive segment and 66.3% for 2-Wheeler segment.
•The company has made forays into new areas such as batteries of electric and hybrid cars and two-wheelers
In line with Government of India's ambitious plan of integrating large scale renewable energy into the grid along with promotion of the concept of 'Smart Grids', R&D is presently working closely with the collaborators and other associates to develop appropriate Energy Storage Systems, that may be `going beyond conventional lead acid technology `and looking at adavanced versions.
`
•Recently, the company has entered into a new Technical Licence and Assistance Agreement with Shin-Kobe Electrice Machinery Co. Limited, Japan to implement new manufacturing processes for producing cost competitive quality automotive batteries.
Actual Estimate FY Mar-14 FY Mar-15 FY Mar-16Revenue 8,308.90 7,649.10 8,615.70EBITDA 886.50 1,026.30 1,186.70EBIT 746.10 891.20 1,038.50Pre-tax Profit 786.70 954.40 1,128.00Net Profit 544.70 642.30 754.10EPS 6.41 7.43 8.88BVPS 40.25 47.48 53.34ROE 16.70 16.60 17.20
Current Mkt.Price (`) 167.30Face Value ( ) 1.0052 Week High/Low 183.10/99.05M.Cap ( Cr.) 14220.50EPS ( ) 6.02P/E Ratio (times) 27.78P/B Ratio (times) 4.16Dividend Yield (%) 1.08Stock Exchange BSE
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EXIDE INDUSTRIES LIMITED CMP: 167.30 Upside: 33%Target Price: 222
P/E Chart
` in cr
6
®
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
15.33
19.61
8.96
46
10.12
14.88
8.45
3.59
66.78
6.31Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
Charts by Spider Software India Ltd
7
The stock closed at `103.65 on 17th October 2014. It made a 52-week low at
72.20 on 17th February 2014 and a 52-week high at 150 on 11thJune 2014.The
200 days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at 110.15.
After making 52 week high of 150 levels, it did not sustain and fell down sharply.
Again, it took a rebound in last two weeks by forming fresh buying pivot near 94
levels with volumes in it. Looking at the momentum we anticipate that it will
move northward in the near term but buying on dip is advised for better gains.
Therefore, one can buy in the range of 98-99 levels for the upside target of 113-
115 levels with closing below SL of 93.
` `
`
EQUITY
Above calls are recommended with a time horizon of 1-2 months
The stock closed at 252.10 on 17th October 2014. It made a 52-week low at
120.10 on 29th October 2013 and a 52-week high of 344.75 on 09th June 2014.
The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at 232.92.
The stock is still in uptrend with marginal falls in it. After making its high, it fell
down suddenly up to its previous support of around 225 levels. Again it formed
fresh buying pivot and last week rebounded with volumes, which shows its
strength. Therefore, one can buy in the range of 247-249 levels for the upside
target of 267-270 levels with closing below SL of 236.
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The stock closed at 85.35 on 17th October 2014. It made a 52-week low at
68.90 on 30th January 2014 and a 52-week high at 115.60 on 09thJune 2014.
The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at 89.66.
Looking at the charts, it is clear that it has lost its momentum at higher levels
and fell down sharply up to 80 levels. However, last week it again managed to
recover with oscillators supporting it, which are in oversold condition.
Therefore, one can buy in the range of 81-82 levels for the upside target of 92-95
levels with SL of 77.
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ALBK
TATAPOWER
PFC
®
DERIVATIVES
BASIS GAP IN NIFTY
Selling in Indian market widen on the back of global melt down. The Index witnessed strong selling pressure throughout the week. Nifty has broken the crucial
support of 7800 on back of FII selling. Bank nifty has started outperforming the nifty, which is indicating that banking sector will lead any recovery. Nifty is
expected to remain in the range of 7600-7900 levels this week. The options concentration continues to be at 8000-strike call option with an open interest of
above 67 lakh shares. This is followed by the 8100-strike call option with above 65 lakh shares. Above discussed option data indicates call writing at 8000 strikes.
On the put side, option concentration has shifted from 7800 level to 7700 level. Put-call ratio of open interest closed at 0.92 vs. 1.03 on heavy call writing. The
Implied Volatility (IV) of call options closed at 17.65% while the average IV of put options ended at 17.90%. The Nifty VIX closed at 16.06%. As long as the Nifty is
trading below 7900 level, trend will remain negative and any bounces should be used for initiating fresh short for target of 7650
WEEKLY VIEW OF THE MARKET
NIFTY OPTION TOTAL OPEN INTEREST CONCENTRATION (in share)
®
FIIs ACTIVITY IN F&O IN LAST TEN SESSIONS
(Derivative segment) `(Cr)
CIPLA (OCT FUTURE)
Buy: Above `603
Target: `615
Stop loss: `598
HEXAWARE
Buy OCT 170. PUT 6.00
Sell OCT 160. PUT 2.50
Lot size: 2000
BEP: 166.50
Max. Profit: 13000.00 (6.50*2000)
Max. Loss: 7000.00 (3.50*2000)
OPTIONSTRATEGY
FUTURESTRATEGY
ICICIBANK
Buy OCT 1520. CALL 24.00
Sell OCT 1540. CALL 17.00
Lot size: 250
BEP: 1527.00
Max. Profit: 3250.00 (13.00*250)
Max. Loss: 1750.00 ( 7.00*250)
ZEEL
Buy OCT 330. CALL 5.00
Sell OCT 340. CALL 2.50
Lot size: 1000
BEP: 332.50
Max. Profit: 7500.00 (7.50*1000)
Max. Loss: 2500.00 ( 2.50 *1000)
BULLISH STRATEGY
DERIVATIVE STRATEGIES
BAJAJ-AUTO (OCT FUTURE)
Sell: Below `2358
Target: `2294
Stop loss: `2390
TATASTEEL (OCT FUTURE)
Sell: Below `438
Target: `426
Stop loss: `443
BEARISH STRATEGY
FIIs ACTIVITY IN INDEX FUTURE IN LAST WEEK
(Derivative segment) `(Cr)
8
219600 249800460900
1065900
2385400
4139750
6181700
5853750 5927000
4902350
2502850
3562950
4152800
5202050 5118450
5827650
3794550
2392250
1058450809200 795150
430650
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
7400 7500 7600 7700 7800 7900 8000 8100 8200 8300 8500
Call Put
0
10
20
30
40
50
60
29-Sep 30-Sep 01-Oct 07-Oct 08-Oct 09-Oct 10-Oct 13-Oct 14-Oct 16-Oct
-1463.85
-821.77
-302.97
-724.68
-1600.00
-1400.00
-1200.00
-1000.00
-800.00
-600.00
-400.00
-200.00
0.00
10-Oct 13-Oct 14-Oct 16-Oct
502.78
2070.43
930.53
-123.02
-831.43
717.98569.31
-205.55
169.11
371.14
-1000.00
-500.00
0.00
500.00
1000.00
1500.00
2000.00
2500.00
29-Sep 30-Sep 01-Oct 07-Oct 08-Oct 09-Oct 10-Oct 13-Oct 14-Oct 16-Oct
9
BHARTIARTL 7758000 7769000 0.14 0.52 0.50 -0.01 27.96 35.37 7.42
DLF 20454000 22918000 12.05 0.59 0.73 0.14 47.09 92.05 44.96
HINDALCO 27840000 28454000 2.21 0.62 0.49 -0.12 41.48 48.23 6.75
HINDUNILVR 3836000 4043500 5.41 0.48 0.56 0.08 23.64 25.09 1.45
ICICIBANK 8293500 8397000 1.25 0.36 0.34 -0.01 25.51 30.46 4.95
IDEA 15182000 16884000 11.21 0.27 0.24 -0.03 37.30 53.88 16.58
INFY 4262875 3738000 -12.31 0.84 0.82 -0.02 23.04 21.59 -1.45
ITC 20866000 20813000 -0.25 0.27 0.31 0.04 22.17 24.16 2.00
JPASSOCIAT 128648000 126192000 -1.91 0.66 0.71 0.05 62.64 68.75 6.11
NTPC 39150000 38694000 -1.16 0.32 0.29 -0.03 23.82 25.13 1.32
ONGC 22229000 21776000 -2.04 0.52 0.42 -0.10 26.41 33.63 7.22
RANBAXY 7875000 7738000 -1.74 0.61 0.56 -0.04 31.06 33.23 2.17
RCOM 45118000 46880000 3.91 0.60 0.58 -0.02 41.83 50.59 8.77
RELIANCE 32772000 32984500 0.65 0.48 0.40 -0.08 22.57 22.60 0.04
NIFTY 15434050 14441200 -6.43 1.03 0.92 -0.10 14.04 17.65 3.61
SAIL 39912000 36940000 -7.45 0.72 0.98 0.26 35.05 40.99 5.94
SBIN 4643875 4484500 -3.43 0.50 0.50 0.00 24.91 29.21 4.30
TATASTEEL 18909000 19756000 4.48 0.58 0.52 -0.05 32.41 41.67 9.26
IMPORTANT INDICATORS OF NIFTY AND OTHER ACTIVE FUTURE CONTRACTS
OPEN INTEREST PCR RATIO IMPLIED VOLATILITY
# # SCRIPTS PREV. CURRENT % PREV. CURRENT PREV. CURRENT WEEK WEEK CHANGE WEEK WEEK CHANGE WEEK WEEK CHANGE
DERIVATIVES
Put Call Ratio Analysis : The Put-Call open interest ratio of Nifty has decreased
to 0.92 from 1.03. At the end of the week, the maximum stocks had a negative of
change in put call open interest ratio.
Implied Volatility Analysis : The Implied Volatility (IV) for Nifty futures this week
has increased to 17.65% from 14.04%. The IV of the stock futures has changed this
week ranging from -1.45% to 44.96%.
Open Interest Analysis : The open interest for the index at the end of this week
has decreased by 6.43% as compared to the previous week. All future stocks saw
changes in their open interest ranging from -12.31% to 12.05%. DLF has the
maximum increase in open interest as compared to other stocks.
Statistical Analysis·
Open 7927.00 High 7952.00
Low 7757.10 Close 7778.10
NIFTY & IV CHART NIFTY ANALYSIS
®# 30 Days ATM IV
12
13
14
15
16
17
18
7700
7800
7900
8000
10-Oct 13-Oct 14-Oct 16-Oct
Nifty Close IV
The upside in Jeera futures (Nov) may get stretched towards 11200 levels, sustaining above 11050 levels. On the international platform, lesser arrivals are being reported due to tensions in Syria and Turkey. It is estimated that there are around 61 lakh bags in local mandies, which is expected to easily cater the domestic and international demand. Cardamom futures (Nov) is likely to trade with a downside bias to test 800 levels. The arrivals at the spot markets has improved from the third round of picking and may increase further due to the peak arrival period (October-November) adding bearish sentiments to the counter. In the current scenario, the growers in Tamil Nadu are selling this aromatic spice to meet their Diwali festival expenses. Total arrivals during the season officially from August 1, 2014 to Oct 12, 2014 stood 3,801 tonnes as against 5,110 tonnes during the same period last year. Coriander futures (Nov) is expected to witness a consolidation in the range of 11850-12350 levels with downside getting capped. The supply side fundamentals points that in Guna Mandi the stocks are reported around 2 lakh bags, in Kota Mandi, there are approximately 5 - 6 lakh bags & in Ramganj Mandi, there are around 12 – 14 lakh bags. India stocks are reported around 40 lakh bags in the current year as compared to the last year same period 60 lakh bags. Turmeric futures (Nov) may take support above 6050 levels. The spot prices of the yellow spice at Erode are in uptrend supported by the demand from upcountry buyers. The demand for the hybrid variety is higher as the local traders have received orders from the merchants in North India.
SPICES
Gold is expected to continue its upside momentum due to decline in green
back and increase in physical demand in India as indicated by a rise in
premium. Consequently, with festive demand rising, gold premiums, which
had crashed to as low as $1-2 per ounce in July after the Reserve Bank of India
allowed more entities to import the precious metal, have now jumped to $12-
14 per ounce. Sales of gold jewelry and coins in October in India so far have
accelerated in the range of 15-25 per cent more than a year before, although it
is still early to firm up a precise forecast of demand this Diwali and Dhanteras,
considered auspicious for the precious metal purchases. On the domestic
barest movement of the local currency rupee will impact the bullions which
can move in the range of 61-62. Gold may move in the range of 26700-28000 in
MCX. White metal silver can hover in the range of 37000-41500. Silver has
underperformed gold recently as indicated by gold silver ratio which increased
to above 71 recently. Fed policy makers are scheduled to next gather on Oct.
28-29 and have said they expect to end asset purchases after that meeting. The
Fed has held its short-term interest-rate target at zero to 0.25 percent since
December 2008. The Federal Reserve should consider delaying the end of its
bond-purchase program to halt a decline in inflation expectations, said St.
Louis Fed Bank President James Bullard.
BULLIONS
10
The base metal counter was expected to tad lower continuing last week losses due to economic concerns in the euro zone and a slowdown in China. Deflation concerns in the US and China have impacted base metals in a negative manner. In September, Chinese consumer costs have risen at the slowest pace since January 2010, and U.S. wholesale prices unexpectedly fell for the first time in a year. Copper may move in the range of 390-425 in the near term. The global market will swing to a surplus next year, the International Copper Study Group estimates. Even with signs of slowing demand, mining companies are spending more to increase production. Inventories monitored by exchanges in London, New York and Shanghai increased in five of the past six weeks. China's imports of refined copper fell to a 15-month low in August, before rebounding in September. Moreover, according to the International Copper Study Group demand will top refined production by 307,000 metric tonnes in 2014. Freeport-McMoRan Inc's Indonesian unit can resume open-pit mining at its Grasberg complex, one of the world's biggest copper mines. Zinc can trade in the range of 132-142 while Nickel prices may move in the range of 910-1020 in MCX. Global usage of the metal, used to make stainless steel, will exceed output by 20,000 metric tons in 2015, the International Nickel Study Group estimates. Aluminum may move in the range of 113-120. Meanwhile, lead can move in the range of 121-130 in MCX. Antaike expects China's lead consumption to rise 4 percent to about 5.1 million tonnes in 2015.
®
BASE METALS
Crude oil may remain under selling pressure continuing previous week's losses, but some short covering can be seen as prices have slipped very sharply in quick span of time. Global over supply concerns and gloomy demand outlook can keep the prices under pressure. Crude oil prices may trade in the range of 4800-5400 in MCX and $75-85 on NYMEX. Crude has tumbled on concern that a global supply glut is forming. Gasoline supplies dropped 4 million barrels to 205.7 million last week, an Energy Information Administration report showed today. Consumption of the motor fuel rose 1 percent to 8.78 million barrels a day averaged over the last four weeks. Crude output rose 0.9 percent to 8.95 million barrels a day, the most since June 1985. The combination of horizontal drilling and hydraulic fracturing, or fracking, has unlocked supplies from shale formations in the central U.S. Natural gas prices may move in the range of 227-245 in MCX. Updated weather forecasting models continued to call for mild weather across much of the U.S., which should curb demand for heating somewhat, though bottom fishing brought the commodity off earlier lows, especially on reports that warm pockets in the southern U.S. could drive some demand for air conditioning. The Energy Information Administration reported earlier that working natural gas storage in the U.S. rose by 94 billion cubic feet in the week ending Oct. 10, outpacing market calls for a build of 91 billion cubic feet.
ENERGY COMPLEXSoybean futures (Nov) is expected to consolidate in the range of 3000-3115 levels with downside getting capped. In the current scenario, the parity in soybean has improved; however, it is still hovering in negative territory resulting to lower crushing. The soy meal price spread between Argentina and India has narrowed, which was wider for quite a long time, giving a positive signal for India and expectation of buyers diverting back with the harvest of the new soybean crop in late October. On CBOT, the upside gains in U.S soybean futures may witness a pause as the record soybean harvest is progressing faster paving the way for bumper supplies. Refined soy oil futures (Nov) & CPO futures (Nov) are likely to decline for the third consecutive week towards 570 levels & 440 levels respectively. The counters are likely to remain pressurized by reports of higher vegetable oil imports from Malaysia & Indonesia. As reported by the Solvent Extractors' Association of India, the overall import of vegetable oils during the Nov. '13 to Sept. '14 is reported at 10,572,994 tonnes compared to 9,656,300 tonnes i.e. up by 9.5%. The burgeoning inventories are aftermath effects of Malaysia's & the Indonesia's announcement of nil export duty on palm products. Malaysian palm oil futures have slipped to a more than three-week low as crude and soy oil prices slumped, and as export demand remained lackluster in the first half of October. Mustard futures (Nov) would trade sideways in the range of 3600-3710 levels. There is sufficient supply in the domestic market and the demand is hand-to-mouth from crushers as the current rates are unattractive and they are incurring losses in the process crushing.
OIL AND OILSEEDS
OTHER COMMODITIES
Wheat futures (Nov) is likely to trade in the range of 1585-1605 levels. In the current scenario, the export opportunity of Indian wheat to other countries is lower due to FOB imparity. India FOB at Kandla port is around $273-278/tonne as compared to Australia ($264-267), U.S. ($250-255) and Russia ($230-235). In the domestic market, the supply situation is likely to improve as the government is aiming at selling 10 million tonnes of wheat from FCI stocks in the open market by March 2015. Kapas futures (Apr) is expected to inch lower facing resistance near 810 levels. India's 2014/15 cotton output was seen at 40 million bales as compared to 39.80 million bales year ago, the cotton exports may be approximately 9 million bales lower by 2.80 million bales as compared to 2013/14, while cotton imports was estimated at 700,000 bales v/s 1.10 million bales a year ago. As cited by the U.S Department of Agriculture, the global 2014/15 stocks are raised about 800,000 bales this month to 107 million, owing to higher beginning stocks, as increases for production and consumption are about offsetting. Moreover, with China's stocks now projected to fall by 550,000 bales from last season, stocks outside of China are expected to rise 17% year-on-year to about 45 million bales. Sugar futures (Dec) might decline & remain below 2860 levels. Export demand from Indian pockets have muted as world's top two exporters Brazil and Thailand have ample supplies of the sweetener, hence quoting lower prices. On the International front, Brazil sugar FOB prices quoted at $433.50/tonne, meanwhile Indian domestic refined sugar FOB prices quoted at $504.57/tonne Kolhapur based.
11
TECHNICAL RECOMMENDATIONS
COMMODITY
NATURAL GAS MCX (OCTOBER) contract closed at ̀ 234.60 on 16th October '14. The contract made its
high of 259.30 on 30th September '14 and a low of 232.30 on 16th October '14. The 18-day Exponential
Moving Average of the commodity is currently at 240.67. On the daily chart, the commodity has Relative Strength Index (14-day) value of 41. One can buy in the
range 232-230 with the stop loss of 227 for a target of 240.
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`
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RMSEED NCDEX (NOVEMBER) contract closed at 3654.00 on 16th October '14. The contract made its
high of 3719.00 on 24th September '14 and a low of Rs 3577.00 on 10th Sep '14. The 18-day Exponential
Moving Average of the Commodity is currently at 3653.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 49. One can buy in the
range 3620-3600 with the stop loss of 3575 for a target of 3710.
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SILVER MCX (DECEMBER) contract closed at 38872.00 on 16th October '14. The contract made its high
of 47211 .00 on 11th July '14 and a low of 37211.00 on 3rd October '14. The 18-day Exponential Moving
Average of the Commodity is currently at 39094.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 38.40. One can buy in
the range 38300-38100 with the stop loss of 37900 for a target of 39200.
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®
NATURAL GAS MCX (OCTOBER)
RMSEED NCDEX (NOVEMBER)
SILVER MCX (DECEMBER)
NOTES : 1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities (Morning Mantra).
2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.
EXCHANGE COMMODITY CONTRACT CLOSING DATE TREND TREND RATE TREND SUPPORT RESISTANCE CLOSING
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN NOV 3042.00 05.06.14 DOWN 4401.00 - 3250.00 3450.00
NCDEX JEERA NOV 10935.00 25.09.14 DOWN 10505.00 - 11300.00 11800.00
NCDEX CHANA NOV 2900.00 15.05.14 DOWN 3233.00 - 2960.00 3000.00
NCDEX RM SEEDS NOV 3654.00 06.03.14 UP 3564.00 3500.00 3450.00
MCX MENTHA OIL OCT 672.70 29.05.14 SIDEWAYS
MCX CARDAMOM NOV 830.60 25.09.14 DOWN 849.70 - 910.00 950.00
MCX SILVER DEC 38872.00 11.09.14 DOWN 41270.00 - 41500.00 42500.00
MCX GOLD DEC 27449.00 11.09.14 DOWN 26986.00 - 27700.00 28000.00
MCX COPPER NOV 409.00 16.10.14 DOWN 409.00 - 420.00 430.00
MCX LEAD OCT 122.40 11.09.14 DOWN 128.95 - 129.00 133.00
MCX ZINC OCT 137.80 23.04.14 UP 126.45 136.00 - 135.00
MCX NICKEL OCT 959.10 30.09.14 DOWN 1011.60 - 1030.00 1080.00
MCX ALUMINUM OCT 117.85 18.09.14 SIDEWAYS
MCX CRUDE OIL NOV 5109.00 21.08.14 DOWN 5745.00 - 5350.00 5500.00
MCX NATURAL GAS NOV 241.80 30.09.14 SIDEWAYS
TREND SHEET
Closing as on 16.10.14
COMMODITY
NEWS DIGEST
It appears that investors pulled out their money from the riskier asset and preferred safe haven
buying in gold. About $3.3 trillion has been wiped off the value of global equities in October and
oil tumbled on concern that global growth may slow reemerged at the same time that the Federal
Reserve is on track to conclude asset purchases. For continuous third week, CRB closed down. It
ignored the two week fall in the dollar index. Buying stimulated in bullion counter but gold gave
better return. Upside in silver was limited on the sharp fall in the base metals. Gold traded near a
five-week high as U.S. economic data that missed estimates added to signs a global slowdown
may hurt the U.S. recovery, boosting demand for a haven as the dollar and equities dropped. An
index of the six main metals, LMEX which traded on LME has sagged 6.1% since June 30. Copper
saw big swings. First, it rose on shortages issue then saw sharp fall on Thursday. Copper hovered
near its highest in four weeks, supported by a growing consensus that a market surplus will be
delayed until next year in first half of the week. Nickel slipped below the level of 960. Zinc
breached the mark of 140 in MCX. Lead prices fell to the lowest in more than a year as mounting
signs of a global economic slowdown fueled concern that industrial-metal demand will ebb.
Energy counter gave further downside pressure to commodities. Crude breached the mark of $80
in NYMEX and 5000 in MCX. Crude has tumbled on concern that a global supply glut is forming.
Crude stockpiles rose 8.92 million barrels to 370.6 million in the week ended Oct. 10, according to
the EIA. It was the biggest gain in six months. OPEC slashed crude prices, which further
pressurized the prices.
Agri commodities performed mix. Corn headed for the biggest weekly surge since May 2013 as
rains delayed the harvesting of a record crop in the U.S., the top grower. Wheat rose to a five-
week high and soybeans headed for the largest weekly gain in 14 months in US. Even in Indian
market, oilseeds, wheat and corn moved up. In spices, jeera and turmeric rose whereas
cardamom and dhaniya traded sluggish. Guar prices declined sharply in key markets over
increasing guar seed arrivals. Festive demand supported chana prices in both spot and futures
market.
WEEKLY COMMENTARY
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
COMMODITY UNIT 16.10.14 DIFFERENCEQTY. QTY.
BARLEY MT 1843.00 1843.00 0.00
CASTOR SEED MT 89192.00 107664.00 18472.00
CHANA MT 57432.00 52014.00 -5418.00
CORIANDER MT 708.00 838.00 130.00
GUARGUM MT 332.00 1228.00 896.00
GUARSEED MT 159.00 457.00 298.00
JEERA MT 414.00 495.00 81.00
MAIZE MT 27053.00 24901.00 -2152.00
RAPE MUSTARD SEED MT 5733.00 5032.00 -701.00
TURMERIC MT 1672.00 1722.00 50.00
WHEAT MT 6595.00 6595.00 0.00
09.10.14 COMMODITY UNIT 09.10.14 16.10.14 DIFFERENCE
QTY. QTY.
CARDAMOM MT 18.10 27.00 8.90
COTTON BALES 0.00 0.00 0.00
KAPASIA KHALLI MT 0.00 0.00 0.00
GOLD KGS 479.00 478.00 -1.00
GOLD MINI KGS 50.60 8.70 -41.90
GOLD GUINEA KGS 24.61 24.12 -0.49
MENTHA OIL KGS 4777628.90 4937422.80 159793.90
SILVER (30 KG Bar) KGS 9216.43 9216.43 0.00
•Chinese inflation for September slowed to 1.6% on-year
from 2.0% in August, below expectations for a reading
of 1.7%.
•China's buyers of refined copper have been offered
term premiums 6.5% lower than in 2014 to secure
metal from Japan next year.
•US retail sales dropped 0.3% last month after a 0.6 pct
gain in August.
•The global copper market will be in deficit for a fifth
straight year in 2014 before switching to a surplus of
about 390,000 tonnes next year.
•Euro zone industrial production fell 1.8% in August
against July for a 1.9% year-on-year decline.
•Import of vegetable oils during September 2014 is up by
21% and reported at 1,047,620 tons compared to
863,917 tons in September 2013, consisting of
1,018,767 tons of edible oils and 28,853 tons on non-
edible oils. - Solvent Extractors' Association of India
•Production of rubber in September fell 25% to 60,000
tonnes, compared to 80,000 tonnes in the same month
last year. Total stock at September-end was 200,000
tonnes, against 223,000 tonnes earlier.
•Imports of gold were valued at $3.75 billion in
September, 450% more than a year earlier, while the
silver import bill was up 225% to $477 million, the
Commerce Ministry estimates.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
®
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
3.05
2.34 2.222.01
1.09
-5.26
-4.15
-3.15 -3.04
-2.60
-6.00
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
SOYABEAN JEERA GOLD HEDGE 100 GMS
MAIZE KHARIF
SILVER NEW
BR. CRUDE OIL CRUDE OILRBD
PALMOLEINCRUDE
PALM OILGUAR SEED
10 MT
1.80
0.95
0.26
-4.72
-4.00
-3.34 -3.30 -3.24
-6.00
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
GOLDSILVER MICRO
ALUMINIUM MINI
NICKELBR. CRUDE
OILCRUDE
OILZINC LEAD
COMMODITY
COMMODITY EXCHANGE CONTRACT 10.10.14 16.10.14 CHANGE%
ALUMINIUM LME 3 MONTHS 1930.00 1913.00 -0.88
COPPER LME 3 MONTHS 6645.00 6552.00 -1.40
LEAD LME 3 MONTHS 2062.50 1976.50 -4.17
NICKEL LME 3 MONTHS 16375.00 15465.00 -5.56
ZINC LME 3 MONTHS 2314.00 2220.00 -4.06
GOLD COMEX DEC 1221.70 1241.20 1.60
SILVER COMEX DEC 17.30 17.44 0.77
LIGHT CRUDE OIL NYMEX NOV 85.82 82.70 -3.64
NATURAL GAS NYMEX NOV 3.86 3.80 -1.63
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
16.10.14
ALUMINIUM 4571375 4535475 -35900
COPPER 149625 154650 5025
NICKEL 364530 374934 10404
LEAD 225225 225525 300
ZINC 737350 726400 -10950
09.10.14
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 10.10.14 16.10.14 CHANGE(%)
Soya CBOT NOV Cent per Bushel 922.50 966.50 4.77
Maize CBOT DEC Cent per Bushel 334.00 352.25 5.46
CPO BMD NOV MYR per MT 2182.00 2119.00 -2.89
Sugar LIFFE OCT 10 cents per MT 422.40 427.20 1.14
13
®
SPOT PRICES (% change) Vegetable oil imports………. higher and cheaper
•According to data from the Solvent Extractors' Association, the country's vegetable
oil imports rose by 21% to 10.47 lakh tonnes in September from the year-ago period
due to cheaper imports.
•Imports are rising as international prices are at historical low since 2008 in the
wake of zero duty on palm products announced by Malaysia and Indonesia
•Malaysia has announced zero export duty on palm products for two months
effective from September with an aim to reduce inventory. That apart, Indonesia
too is likely to reduce export duty to zero from 9% from the current month.
•India is the world's largest importer of veg oils. India depends on imports for about
60% of its annual vegetable oil demand of 17-18 million tones as the world's second
most populous country fails to raise output quickly enough to meet demand from a
growing middle class. Palm oils make up 71% of the country's total vegetable oil
imports.
•Of total 10.47 lakh tonnes of vegetable oils imported during September 2014,
edible oils comprised of 10.18 lakh tonnes and non-edible oils shipments were at
28,853 tonnes, SEA's latest data showed.
•Among edible oils, palm oil imports rose to 6,98,471 tonnes in September this year
from 6,44,386 tonnes in the year-ago period.
•Similarly, sunflower oil imports increased sharply to 1,32,491 tonnes from 48,498
tonnes, while the shipment of soyabean oil jumped to 1,61,016 tonnes from
1,40,971 tonnes in the review period, the data showed.
•According to SEA, the overall import of vegetable oils (both edible and non-edible)
increased by 9.5% to 10.57 million tonnes during November-September period of
2013-14 oil year that will end this month.
•Rise in palm oil imports has resulted in increased downward pressure on domestic
prices of oils and oilseeds.
•Currently, local prices are also at a level where Indian oilseeds growing farmers
will be in distress with a kharif harvest expected in next four to five weeks.
•Indian vegetable oil industry has been suffering for last three years due to minimal
duty difference of 7.5% between crude and refined oil and inverted duty structure
by Indonesia and Malaysia.
•Capacity utilization of domestic vegetable oil refining industry has been reduced
to 35-40% as against 65-70% in the past.
•To see the higher imports and its impact on domestic oils and oilseeds industry and
to protect the farmers from distress selling of their produce in the next kharif
harvest season, the SEA has demanded the government to increase import duty on
crude vegetable oils from 2.5% to 10% and refined vegetable oils from 10% to 25%.
•India mainly buys palm oil from top producers Indonesia and Malaysia, and a small
quantity of crude soft oils, including soy oil from Latin America and sunflower oil
from Ukraine and Russia.
-3.92
-2.89
-2.72
-1.96
-1.65
-1.51
-0.96
-0.58
-0.43
-0.26
0.00
0.01
0.06
0.21
0.45
0.73
0.80
0.83
1.53
2.68
4.28
5.38
-6.00 -4.00 -2.00 0.00 2.00 4.00 6.00
CRUDE PALM OIL (KANDLA)
GUAR SEED (JODHPUR)
REFINED SOYA OIL (INDORE)
COTTON SEED OIL CAKE (AKOLA)
GUAR GUM (JODHPUR)
SOYABEAN (INDORE)
RAW JUTE (KOLKATA)
CORIANDER (KOTA)
PEPPER MALABAR GAR (KOCHI)
MUSTARD (JAIPUR)
WHEAT (DELHI)
SILVER 5 KG (DELHI)
SUGAR (KOLKATA)
COTTON (KADI)
BARLEY (JAIPUR)
CHILLI (GUNTUR)
CHANA (DELHI )
JEERA (UNJHA)
MENTHA OIL (BARANBAKI)
MASOOR (INDORE)
GUR (MUZAFFARNGR.)
TURMERIC (NIZAMABAD)
Source: SEA of India
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 61.46 61.63 61.09 61.61
EUR/INR 77.96 78.04 77.61 78.01
GBP/INR 98.87 99.11 97.50 98.22
JPY/INR 56.80 57.75 56.80 57.71
(Source: FX Central, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
News Flows of last week
15th Oct Rupee posts biggest fall in a month on global worries
15th Oct U.S. retail sales declined in September
15th Oct China September FDI recovered on month but still down 1.4 percent for the year
16th Oct India unveils Subramanian as chief economic adviser
16th Oct U.S. repo rate rose to the highest since March
16th Oct U.S industrial output rose sharply in September, giving positive signal that helped ease fears over the economic outlook
16th Oct The number of Americans filing new claims for jobless benefits fell to a 14-year low last week
EUR/INR (OCT) contract closed at 78.01 on 16th October'14. The contract made its high of 78.04 on 16th October'14 and a low of 77.61 on 14th October'14 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at 78.28.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 52.60. One can buy around 78.55 for a target of 79.60 with the stop loss of 77.95
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JPY/INR (OCT) contract closed at 57.71 on 16th October'14. The contract made its high of 57.75 on 16th October'14 and a low of 56.80 on 13th October'14 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at 57.05.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 61.93. One can buy around 57.50 for a target of 58.50 with the stop loss of 56.95
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Market Stance
The rupee posted its biggest single-day loss in a month, and plummeted over
seven month low against greenback on back of widening trade deficit and a
slump in local shares as part of a global market sell-off, but intervention from
the central bank prevented steeper losses. India's trade deficit widened to
$14.25 billion in September from $10.84 billion in August due to a jump in oil
and gold imports. Strong gains in dollar in overseas market also hurt the
sentiments. Moreover, speculation amongst traders that a big defence
payment is due in November that could reduce reserves also weakened the
currency. However, worries that foreign investors would reduce their
exposure are starting to weigh on sentiment, after strong buying in shares and
debt had helped support the rupee so far this year.
EUR/INR
USD/INR (OCT) contract closed at ̀ 61.61 on 16th October'14. The contract made its high of 61.63 on 16th October'14 and a low of 61.09 on 14th October'14 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at 61.48.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 55.36. One can sell below 61.30 for a target of 60.10 with the stop loss of 61.90
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GBP/INR (OCT) contract closed at 98.22 on 16th October'14. The contract made its high of 99.11 on 13th October'14 and a low of 97.50 on 16th October'14 (Weekly Basis). The 14-day Exponential Moving Average of the GBP/INR is currently at 99.28.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 44.92. One can sell around 99.60 for a target of 98.00 with the stop loss of 100.25.
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USD/INRTechnical Recommendation
GBP/INR JPY/INR
Economic gauge for the next week
Date Currency Event PREVIOUS
20th Oct EUR German Producer Prices (YoY) -0.80%
21st Oct USD Existing Home Sales (MoM) -1.80%
22nd Oct USD Consumer Price Index (MoM) -0.20%
22nd Oct USD Consumer Price Index (YoY) 1.70%
22nd Oct USD Consumer Price Index Ex Food & Energy (YoY) 1.70%
23rd Oct EUR Markit Germany Services PMI 55.7
23rd Oct EUR Markit Eurozone Manufacturing PMI 50.3
23rd Oct EUR Markit Eurozone Services PMI 52.4
23rd Oct GBP Retail Sales (YoY) 4.50%
23rd Oct USD House Price Index (MoM) 0.10%
23rd Oct USD Leading Indicators 0.20%
23rd Oct EUR Euro-Zone Consumer Confidence -11.4
24th Oct GBP Gross Domestic Product (YoY) 3.20%
24th Oct USD New Home Sales (MoM) 18.00%
14
®
IPO
IPO NEWSIPO NEWS
Firms garner ̀ 1,019 cr via IPO in H1 FY15
The IPO market has not been able to match the bullish sentiment in the overall equity space as a little over 1,000 crore was raised through public offers in
the first half of 2014-15. According to Prime Database, as many as 25 companies have collectively mopped up a meagre 1,019 crore through initial public
offers (IPOs) during the April-September period of the current fiscal (2014-15). This was in comparison to 1,050 crore raked in by 16 firms in the six-month
period ended September 30, 2013. Significantly, of the 25 IPOs in the first half of the current financial year, 21 were from the Small and Medium Enterprise
(SME) sector. There were only four non-SME IPOs worth of 851 crore. However, these accounted for 84 percent of the total mobilisation.
22 SMEs mop-up ̀ 160 cr via IPO in 2014
As many as 22 Small and medium enterprises (SMEs) have tapped the IPO route and raised a mere ̀ 160 crore this year, despite bullish sentiments prevailing
in the capital markets. As per data compiled by capital market regulator Sebi, together these SMEs have mopped-up 160 crore in the first eight months of
this year, as compared to 367 crore garnered in the entire 2013. In all, 22 SMEs raked in funds through initial public offerings (IPOs) during the January-
August period as against 34 firms in 2013. This is despite a positive sentiment prevailing in the capital markets during most part of 2014. However, market
analysts believe that the current market scenario could be the right time for companies looking to mop-up funds via IPO.
Rashtriya Ispat Nigam Limited to go ahead with IPO plan despite damage by Hudhud: CMD P Madhusudan
Rashtriya Ispat Nigam is ready to go ahead with its planned IPOnotwithstanding the severe damage suffered due to cyclone Hudhud. RINL Chairman and
Managing Director P Madhusudan said that though cyclone has hit the state-run steel maker's lone unit at Vizag more than what was "anticipated", RINL has
made no request to the government for deferment of its listing. The IPO is slated to hit the markets by early January. RINL's listing plan had been postponed
at least three times in the past two years due to a host of reasons. The PSU last month filed an offer document with Sebi for an IPO through which
government will sell 10 per cent of its stake. Government holds 100 per cent in the Vizag-based steel maker, which is enhancing capacity to 6.3 million
tonnes per annum (mtpa) by next fiscal. Post stake sale, government holding will come down to 90 per cent. RINL is looking to hit the capital markets to
retain its Navaratna status, accorded in November 2010 with the condition that it would get listed within two years. The government had been looking to
garner 2,500 crore through RINL stake sale.
Videocon d2h plans to launch IPO by Feb 2015
A few days ago, Videocon d2h files paper with the Securities and Exchange Board of India (SEBI) to raise 700 crore through an initial public offering (IPO).
`350 crore will be used to acquire STBs, outdoor units and accessories from TEL, a Videocon Group entity and 175 crore to repay debt. This is Videocon's
second attempt at the IPO. It had got SEBI's approval in 2012 but didn't go ahead with it due to unfavorable market conditions. Seven banks including UBS,
Axis Capital, ICICI Securities, SBI Capital Markets, Yes Bank, IDBI Capital are managing the share sale. The company is also considering a preferential issue of
up to 5,000,000 equity shares, aggregating up to 50 crore with certain investors.
IndiGo adds 250 planes ahead of its IPO next year
IndiGo, India's largest domestic airline by market share, has signed an agreement to buy 250 Airbus aircraft ahead of its plans to launch an initial public
offering (IPO) next year. IndiGo has a fleet of 83 Airbus aircraft, which are mostly on lease. One more aircraft is scheduled to join the fleet in November. In
the past 10 years, IndiGo has ordered 83 planes at the rate of 8.3 planes every year. If the airline takes delivery of 431 planes over the next 11 years starting
next year, it would mean an addition of about 39 planes a year. IndiGo enjoys a market share of nearly 33% in the domestic skies with over 500 daily flights. Its
nearest competitor Jet Airways, which has been concentrating on international flights to its new hub at Abu Dhabi, has a 20% share.
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®*Closing prices as on 16-10-2014
IPO TRACKER
Shemaroo Entertainment Entertainment 395.09 120 1-Oct-14 170.00 180.00 148.65 -12.56
Sharda Cropchem Agro Chemical 2134.17 351.86 23-Sep-14 156.00 254.10 236.55 51.63
Snowman Logistic Miscellaneous 1301.63 197.40 12-Sep-14 47.00 78.75 78.20 66.38
Wonderla Holidays Entertainment 1719.32 181.25 9-May-14 125.00 164.75 304.30 143.44
Just Dial Service provider 11501.33 950.11 5-Jun-13 530.00 590.00 1639.05 209.25
Repco Home Fin Finance 2801.55 270.39 1-Apr-13 172.00 165.00 450.70 162.03
V-Mart Retail Trading 998.82 123.00 20-Feb-13 210.00 216.00 554.90 164.24
Bharti Infra. Telecom 53338.75 4533.60 28-Dec-12 220.00 200.00 282.15 28.25
PC Jeweller Jewellary 3632.15 609.30 27-Dec-12 135.00 135.50 202.80 50.22
CARE Rating Agency 3888.76 540.00 26-Dec-12 750.00 949.00 1340.95 78.79
Tara Jewels Jewellary 235.12 179.50 6-Dec-12 230.00 242.00 95.50 -58.48
VKS Projects Engineering 18.9 55.00 18-Jul-12 55.00 55.80 0.30 -99.45
Speciality Rest. Restaurants 708.16 181.96 30-May-12 150.00 153.00 150.80 0.53
Company Sector M.Cap(In ̀ Cr.) Issue Size(in `Cr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)
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FIXED DEPOSIT MONITOR
16
• Interest structure may be revised by company from time to time. Pls confirm Interest rates before submitting the application.
* For Application Greater Than Rs. Fifty Lakhs Or equal to Fifty Lakhs, Please Contact to Head Office.
* Email us at [email protected]
NON BANKING FINANCIAL COMPANIES & HFC
PERIOD MIN.ADDITIONAL RATE OF INTEREST (%)
S.NO (NBFC COMPANY -NAME)12M 18M 24M 36M 45M 48M 60M 84M INVESTMENT
1 BAJAJ FINANCE LTD. 9.25 15M=9.75 9.40 9.65 - 9.25 9.25 - 0.25% FOR SR. CITIZEN LOCATION WISE
2 DEWAN HOUSING FINANCE CORPORATION LTD 13M=9.75% 14M=9.75% 40M=9.85% 0.40% EXTRA FOR SR. CITIZEN,WIDOW, 13M=50000;
ARMED, PERSONNEL, EXISTING DHFL HOME 14M=10000;
BORROWERS & DHFL SHARE HOLDERS, FOR 40M=2000
13M=0.45% EXTRA FOR DEPOSIT 50 LAC AND
ABOVE, 14M & 40M=0.25% EXTRA ON 50LAC
& ABOVE
3 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 9.50 - 9.75 9.75 - 9.60 - 9.60 0.40% FOR SR. CITIZEN, WIDOW, ARMED 10,000/-
PERSONNEL, EXISTING DHFL HOME
BORROWERS & DHFL SHARE HOLDERS,
0.25% FOR DEPOSIT RS.50 LAC & ABOVE
4 GATI LTD. 11.00 - 11.50 12.00 - - - - 0.50% EXTRA FOR SR. CITIZEN & SHAREHOLDERS 21000/-
5 GRUH FINANCE LTD. 9.00 - 9.25 9.50 - 9.50 9.25 9.25 0.25% FOR SR. CITIZEN & TRUST 1000/-
6 HDFC (INDIVIDUAL & TRUST ) - REGULAR <1 CR 9.40 - 9.40 9.40 - 9.30 9.30 - 0.25% FOR SR. CITIZEN. 20,000/-
7 HUDCO LTD. 9.15 - 9.00 9.00 - 8.75 8.75 8.50 0.25% FOR SR. CITIZEN 10000/-
8 KERALA TRANS DEVELOP FINANCE CORP LTD 10.00 - 10.00 10.00 - 9.75 9.75 - 0.25% EXTRA FOR SR. CITIZEN & 0.25% 10000/-
EXTRA IF APP AMOUNT IS RS. 25 LAC & ABOVE
9 LIC HOUSING FINANCE LTD. 9.00 9.00 9.25 9.40 - - 9.60 - 0.25% FOR SR. CITIZEN IF APP ABOVE RS. 10000/-
50,000/- & 0.10% IF APP UPTO RS. 50,000/-
10 M&M FINANCIAL SERVICES LTD 9.25 9.50 9.75 10.00 - 9.50 9.50 - 0.25% FOR SR. CITIZEN 10000/-
11 PRISM CEMENT LTD. 10.25 - 10.25 - - - - - - 10000/-
12 PNB HOUSING FINANCE LTD. 9.40 - 9.40 9.40 - 9.40 9.40 9.40 0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE 20000/-
13 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 9.25 - 9.75 10.50 - 10.50 10.50 - 0.25% EXTRA FOR SR. CITIZEN 25000/-
14 SRS LTD. 12.00 - 12.25 12.50 - - - - - 30000/-
(FOR TRUST ONLY)
MUTUAL FUND
NEWS
HDFC MF introduces FMP 1113D October 2014 (1)
HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 1113D October 2014 (1), a close ended income scheme. The NFO opens for subscription
on October 14, 2014, and closes on October 21, 2014. The investment objective of the scheme is to generate income through investments in Debt / Money Market
Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s).
Reliance MF introduces Fixed Horizon Fund XXVII-series 8
Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund XXVII- Series 8, a close ended income scheme. The NFO opens for
subscription on October 13, 2014, and closes on October 14, 2014. The investment objective of the scheme is to generate returns and growth of capital by
investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate
volatility - Central and State Government securities and Other fixed income/ debt securities.
ICICI Prudential MF introduces Growth Fund – Series 4
ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Growth Fund - Series 4, a close ended income scheme. The NFO opens for
subscription on October 13, 2014, and closes on October 27, 2014. The investment objective of the scheme is to provide capital appreciation by investing in a
well-diversified portfolio of equity and equity related securities.
Reliance Mutual Fund files offer document for Equity
Reliance Prudential Mutual Fund has filed offer document with SEBI to launch a close ended equity scheme as Reliance Equity Savings Fund. The New Fund Offer
price is `10 per unit. The investment objective of the scheme is to generate income and capital appreciation by investing in arbitrage opportunities & pure
equity investments along with investments in debt securities & money market instruments.
Reliance Mutual Fund files offer document for Reliance Dual Advantage Fixed Tenure Fund VII (Plan A - Plan F).
Reliance Prudential Mutual Fund has filed offer document with SEBI to launch a close ended equity scheme as Reliance Dual Advantage Fixed Tenure Fund VII
(Plan A - Plan F). The New Fund Offer price is 10 per unit. The investment objective of the scheme is to generate returns and reduce interest rate volatility,
through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity.
IDFC MF introduces Fixed Term Plan Series-103(1098 Days)
IDFC Mutual Fund has launched the New Fund Offer (NFO) of IDFC Fixed Term Plan Series-103(1098 Days), a close ended income scheme. The NFO opens for
subscription on October 16, 2014, and closes on October 20, 2014. The investment objective of the scheme is to generate income by investing in a portfolio of
debt and money market instruments maturing on or before the maturity of the scheme.
Birla Sun Life MF introduces Fixed Term Plan
Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Fixed Term Plan - Series MB (1099 days), a close ended income scheme. The
NFO opens for subscription on October 14, 2014, and closes on October 21, 2014. The investment objective of the scheme is to generate income by investing in a
portfolio of fixed income securities maturing on or before the duration of the scheme.
SBI Prudential MF introduces Debt Fund Series B-1(111days)
SBI Mutual Fund has launched the New Fund Offer (NFO) of SBI Debt Fund Series B-1 (1111 Days), a close ended income scheme. The investment objective of the
scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt
instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.
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17
®
NFOs WATCH
Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager MinimumOpens on Closes on Amount
07-Oct-2014 21-Oct-2014 Close-Ended Growth `5000Reliance Dual Advantage Fixed Tenure Fund VI - Plan E - Direct Plan (G)
Krishan Daga /
Anju Chajjer
The Scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.
08-Oct-2014 22-Oct-2014 Close-Ended Growth `5000Sundaram Select Micro Cap - Series VII - Regular Plan (G)
S Krishnakumar
(Equity) /
Dwijendra
Srivastava
(Fixed-Income)
To seek capital appreciation by investing predominantly in equity/equity-related instruments of companies that can be termed as micro-caps.
13-Oct-2014 27-Oct-2014 Close-Ended Growth `5000ICICI Prudential Growth Fund - Series 4 - Regular Plan (G)
Yogesh Bhatt /
Vinay Sharma /
Ashwin Jain
To provide capital appreciation by investing in a well-diversified portfolio of equity and equity related securities.
18
MUTUAL FUND Performance Charts
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
Reliance Small Cap Fund - Growth 21.67 16-Sep-2010 931.64 13.74 59.92 125.51 33.69 20.84 2.65 0.78 0.43 6.00 49.72 22.54 15.73
HSBC Midcap Equity Fund - Growth 32.06 19-May-2005 215.96 4.67 39.64 104.08 22.77 13.17 2.97 0.93 0.20 11.16 76.27 6.01 -4.60
Sundaram SMILE Fund - Reg - Growth 56.59 15-Feb-2005 500.71 11.98 57.88 102.05 25.64 19.63 3.09 1.08 0.24 2.00 58.06 35.97 3.96
DSP BlackRock Micro Cap Fund - Reg - G 30.95 14-Jun-2007 1196.06 12.19 51.48 101.75 27.28 16.63 2.48 0.72 0.35 1.36 67.49 20.72 9.06
UTI Mid Cap Fund - Growth 66.13 09-Apr-2004 1361.20 13.53 46.02 98.00 29.54 20.71 2.39 0.84 0.40 22.23 60.59 5.64 -10.70
Canara Robeco Emerging Equities - G 47.64 11-Mar-2005 101.90 9.37 51.14 97.66 30.49 17.72 2.54 0.89 0.33 11.83 74.14 8.74 -6.53
Birla Sun Life Pure Value Fund - G 33.00 27-Mar-2008 261.40 0.41 42.77 93.03 27.67 19.96 3.11 1.07 0.32 30.02 51.54 13.09 -24.66
EQUITY (Diversified)
BALANCED
INCOME FUND
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 16/10/2014Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
ULTRA SHORT TERM
SHORT TERM FUND
Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns
Due to their inherent short term nature, the following 2 categories have been sorted on the basis of 6month returns
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
HDFC Prudence Fund - Growth 346.41 01-Feb-1994 6744.94 2.77 28.90 56.81 19.10 20.17 2.12 0.12 37.85 26.90 8.28 -10.89
HDFC Balanced Fund - Growth 94.50 11-Sep-2000 2018.36 4.80 25.66 49.62 19.40 17.26 1.54 0.17 29.50 37.77 2.32 0.92
Reliance RSF - Balanced - Growth 35.46 08-Jun-2005 654.33 4.22 25.51 45.69 19.71 14.48 1.67 0.10 58.50 13.84 1.79 -32.63
SBI Magnum Balanced Fund - Growth 81.91 09-Oct-1995 825.14 4.94 21.57 43.25 21.66 16.66 1.44 0.20 29.97 33.75 8.25 -1.93
ICICI Prudential Balanced - Growth 81.69 03-Nov-1999 996.94 4.80 24.13 41.34 21.35 15.07 1.51 0.18 41.33 23.16 1.32 -7.13
L&T India Prudence Fund - Growth 16.48 07-Feb-2011 81.96 4.94 24.60 41.06 19.98 14.50 1.49 0.16 39.06 22.06 6.32 -6.51
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. SharpeMaturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Sundaram Flexible F - Flexible Income - Reg - G 18.14 30-Dec-2004 319.26 51.89 33.67 31.63 17.24 12.37 7.32 6.26 36.01 -0.04 3058.70 9.41
ICICI Prudential Income Opp. Fund - G 18.15 18-Aug-2008 1657.18 45.46 31.41 28.49 16.09 11.90 9.71 10.15 35.28 0.02 2518.50 9.14
UTI Dynamic Bond Fund - Growth 14.76 23-Jun-2010 389.54 29.46 17.44 13.24 13.58 11.45 10.43 9.43 15.54 0.13 978.97 N.A
ICICI Prudential Income Fund -Growth 40.41 09-Jul-1998 2583.80 36.97 23.79 22.60 17.99 11.36 8.23 8.96 46.27 -0.01 5391.05 8.84
Axis Income Fund - Growth 12.38 30-Mar-2012 147.59 39.73 26.27 19.56 13.38 11.32 N.A 8.73 29.93 0.02 3792.36 9.02
Franklin India IBA - Growth 45.67 23-Jun-1997 1415.55 30.04 20.66 16.84 14.01 11.30 10.64 9.16 32.53 0.07 1685.38 9.29
Franklin India IBA - Plan B - Growth 45.67 23-Jun-1997 1415.55 30.04 20.66 16.84 14.01 11.30 10.64 9.16 32.53 0.07 1685.38 9.29
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Sundaram Flexible Fund - ST - Growth 19.63 30-Dec-2004 1897.65 7.82 8.16 8.24 7.78 7.99 8.25 7.12 6.61 0.07 160.60 8.89
Religare Invesco Short Term Fund - G 1775.88 24-Mar-2007 1207.63 17.38 13.10 11.46 8.74 8.11 8.83 7.88 10.45 0.01 N.A 9.32
IDFC Banking Debt Fund - Reg - Growth 11.51 07-Mar-2013 1704.30 9.08 9.38 9.47 9.05 9.42 N.A 9.11 7.75 0.22 163.00 8.74
PineBridge India Short Term F - Ret - G 1639.03 06-Mar-2008 260.98 15.56 13.37 10.72 9.07 8.45 8.57 7.75 9.34 0.04 705.22 8.67
Kotak Flexi Debt Fund - Growth 20.54 07-Dec-2004 497.01 17.73 14.91 12.21 9.29 9.32 8.99 7.57 6.64 0.22 1014.70 9.05
BNP Paribas Short Term Income F - Reg - G 20.35 13-Sep-2004 231.13 15.26 11.93 10.53 9.38 8.75 8.73 7.29 10.53 0.09 478.15 8.93
Taurus Short Term Income Fund - G 2352.24 23-Aug-2001 195.15 9.19 9.13 9.23 9.52 9.94 10.14 6.72 1.20 2.12 N.A N.A
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Franklin India Low Duration Fund - G 14.70 26-Jul-2010 2318.86 11.09 10.39 10.18 9.93 10.07 9.90 9.54 4.02 0.56 247.98 10.32
Birla Sun Life Savings Fund - Ret - DAP 147.82 23-Jun-2009 7547.25 9.67 9.61 9.45 9.31 9.47 9.08 7.63 4.01 0.42 N.A 9.19
Birla Sun Life Savings Fund - Ret - G 249.87 27-Nov-2001 7547.25 9.65 9.59 9.43 9.31 9.58 9.42 7.36 3.99 0.47 N.A 9.19
DWS Cash Opportunities Fund - Growth 17.92 22-Jun-2007 425.73 12.16 11.06 10.29 9.28 9.27 9.47 8.29 4.49 0.39 248.20 10.25
ICICI Prudential Ultra Short Term Plan - Ret - G 14.68 12-Jun-2009 1784.00 15.60 13.31 11.97 9.27 9.29 8.74 7.45 6.25 0.20 320.47 9.13
Kotak Floater - LT - Growth 21.40 13-Aug-2004 2360.30 10.99 10.05 9.93 9.20 9.55 9.34 7.76 4.78 0.37 200.75 9.25
Union KBC Ultra Short Term Debt Fund - G 1250.01 24-Apr-2012 225.57 8.67 8.62 9.24 9.18 9.53 N.A 9.42 2.52 0.76 67.64 N.A
Annualised
®
Management Leadership workshop for SMC Group Directors held at Hotel Jaypee Greens Golf & Spa Resort, Noida.
Mr. S C Aggarwal (CMD, SMC Group) with the Ambassador of Switzerland to India and Bhutan, H.E. Dr. Linus von Castelmur during seminar organized by Assocham at New Delhi.
