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WISE M NEYA Weekly Update from SMC
(For private circulation only)
HAPPY DUSSEHRA
CELEBRATE THE VICTORYOF GOOD OVER EVIL
Bra
nd s
mc
372
2016: Issue 548, Week: 10th-13th October
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
FD Monitor 16
Insurance 17
Mutual Fund 18
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From The Desk Of Editor
(Saurabh Jain)
SMC Global Securities Ltd. (hereinafter referred to as “SMC”) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and its associate is member of MCX stock Exchange Limited. It is also registered as a Depository Participant with CDSL and NSDL. Its associates merchant banker and Portfolio Manager are registered with SEBI and NBFC registered with RBI. It also has registration with AMFI as a Mutual Fund Distributor.
SMC has applied with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014. SMC or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market.
SMC or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. SMC or its associates and relatives does not have any material conflict of interest. SMC or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and SMC has not been engaged in market making activity of the company covered by Analyst.
The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.
SMC does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.
tock markets globally moved in tight range on the back of worries that the European
Central Bank officials discussed tapering its bond-buying program. Also Economic Sdata out of U.S. strengthened the case of interest rate hike by the U.S. Federal
Reserve. Recent report showed that the jobless claims have fallen to the second lowest
level seen since 1973. Activity at US service companies expanded in September at the
fastest pace in nearly a year, according to a private report. The Institute for Supply
Management's services index jumped to 57.1 last month, its highest since October last year,
adding to evidence that the world's biggest economy is strengthening and raising
expectations the Federal Reserve will soon raise rates from ultralow levels. Markets in
China remained closed for the Golden Week public holidays.
Back at home, the Monetary Policy Committee (MPC) of the RBI surprised markets by cut in
key interest rates by 25 basis points as the committee sees that the sharp drop in inflation
reflects a downward shift in the momentum of food inflation. Also the expectations of
further cut in interest rates have risen on the back of favorable monsoons, easy liquidity
conditions for smooth transmission of the policy action and stimulus to the urban
consumption spending from the pay commission's award. Recently, International Monetary
Fund (IMF) has warned that the Indian banking system is vulnerable to decline in profits as
companies who have borrowed money from banks are not making enough money to cover
interest payments.
On the commodity market front, massive fall in bullion counter owing to big jump in dollar
index was the major attraction for the commodity market in the week gone by. As prices
have fallen sharply, so some short covering at lower level cannot be denied. Gold can face
resistance at $1300 in COMEX and 30500 in MCX while it has support near $1210 in COMEX
and $28500 in MCX. The recent fall in bullions can lead to pick up in physical demand in India
ahead of festival season. Crude oil may continue its upside momentum as fall in stockpiles
and decision by OPEC members to cut output in Algeria meeting continue to support the
prices despite rise in dollar index. New Yuan Loans and CPI of China, Euro-Zone ZEW Survey,
Advance Retail Sales, U. of Michigan Confidence, Fed Chair Yellen Speaks at Boston Fed
Conference are few important data and events, which should be taken care of while trading
in the commodity market.
NEWS
DOMESTIC NEWSEconomy• The Reserve Bank of India cut policy rate (repo rate) by 25 basis points to
6.25% from 6.5% citing easing inflation. It was first monetary policy statement after Urijit Patel took over as governor on September 04, 2016.
• The government hiked the price of petrol by ̀ 0.14 per litre (inclusive of state levies) and that of diesel by 0.10 per litre (inclusive of state levies). The increase in price of petrol and diesel in Delhi is consequent to the increase in Dealer Commission on Petrol and Diesel.
Telecom• Bharti Airtel has acquired 173.8 Mhz spectrum across 1800/2100/2300 MHz
bands for a total consideration of 14,244 crore in the latest spectrum auction conducted by the Department of Telecom, Government of India.
Automobile and Auto Ancillaries• Mahindra & Mahindra announced the launch of eSupro - India's first zero
emission, all electric cargo and passenger vans. Both the eSupro cargo and passenger vans have a range of 112 kms on a full charge, ideal for intra-city transportation and are priced at 8.45 lakh for the cargo van and 8.75 lakh for the passenger variant (ex-showroom Delhi, post state subsidy and FAME incentives).
• Ashok Leyland expects its defence business to log four-fold jump in revenues at over 2,000 crore in next five years as it gears up to provide an entire range of mobility solutions, including missile carrying vehicles, to the armed forces.
• Fiem Industries has signed a "Technology License and Assistance Agreement" (TAA) with Aisan Industry Co., Ltd., Japan and Toyota Tsusho Corporation, Japan for manufacturing of 'Canister'.
Packaging• Cosmo Films has entered into a definitive MOU for purchase of about 34 acres
of industrial land adjacent to its existing manufacturing plant on 16 acres of land at Waluj, Aurangabad, Maharashtra for setting up new production facilities in due course.
Capital Goods• Transformers & Rectifiers India announced that the Company (TRIL) has
entered into a Joint venture agreement with Jiangsu Jingke Smart Electric Company (Jingke), a Company incorporated under laws of People's Republic of China (PRC) for purpose of starting the business of manufacturing and marketing of GIS/HGIS/TGIS systems and products for 220kV and below and distribution products of 40.5 kV and below in India. TRIL will hold majority of 60% of Share of Joint venture and balance by Jingke.
• ABB India announced that it will install a fully integrated and standardised microgrid at its Vadodra facility in Gujarat to boost renewable energy generation while reducing dependency on fossil fuel.
• Atlas Copco will expand its manufacturing unit in Hyderabad with an investment of Rs 70 crore by the end of this year. The company aims to make new products from this plant to cater to the Indian and African markets.
• BHEL has bagged two renovation and modernisation (R&M) orders of hydropower plants worth Rs 430 crore, including one from NHPC.
Chemicals• Premier Explosives has secured an order worth 27.79 crore from Bharat
Dynamics for supply of booster grains.Metal• Steel Authority of India Ltd (SAIL) has committed to an investment of 255
crore for modernisation and capacity expansion of its flagship Bolani iron ore mines in Odisha. The capacity of Bolani mines is proposed to be augmented to 10 million tonne per annum (mtpa) by 2020 from five mtpa and this is part of SAIL's larger plan to secure raw material supplies from its captive mines to cater to its steel capacity expansion.
Pharmaceuticals• Alembic Pharmaceuticals has received the Establishment Inspection Report from
the US health regulator for its formulation facility located at Panelav in Gujarat.Realty/ Construction• Gayatri Projects Limited has bagged 926-crore highway road construction
contract in the state of Bihar. The contract involves four-laning of Gaya-Hisua-Rajgir-Nalanda-Bhiarsharif section of NH-82.
INTERNATIONAL NEWS• US factory orders edged up by 0.2 percent in August after surging up by 1.4 percent
in July. Economists had expected orders to dip by 0.2 percent compared to the 1.9 percent jump that had been reported for the previous month.
• US jobless claims fell to 249,000, a decrease of 5,000 from the previous week's unrevised level of 254,000. The modest decline came as a surprise to economists, who had expected initial jobless claims to inch up to 256,000.
• US trade deficit widened to $40.7 billion in August from $39.5 billion in July, while economists had expected the deficit to narrow to $39.0 billion. The unexpectedly wider deficit was partly due to a jump in the value of imports, which surged up by 1.2 percent to $228.6 billion in August from $225.9 billion in July.
• Japan's leading index rose to a 9-month high in August. The leading index that measures the future economic activity, climbed to 101.2 in August from 100 in July. This was the highest score since November 2015, when the reading was 101.5.
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Ex-Date Company Purpose
18-Oct-16 Sunil Hitech Engineers Face Value Split From Rs 10 To Re 118-Oct-16 Indian Oil Corporation Bonus 1:119-Oct-16 MphasiS Dividend - Rs 20/- Per Share21-Oct-16 CRISIL Interim Dividend21-Oct-16 Infosys Interim Dividend
Meeting Date Company Purpose
10-Oct-16 Gruh Finance Results12-Oct-16 Blue Dart Express Results12-Oct-16 IndusInd Bank Results13-Oct-16 Cyient Results/Dividend13-Oct-16 Tata Consultancy Services Results/Dividend13-Oct-16 Reliance Industrial
Infrastructure Results14-Oct-16 Bajaj Corp Results14-Oct-16 Infosys Results/Dividend17-Oct-16 GIC Housing Finance Results/Others17-Oct-16 UltraTech Cement Results19-Oct-16 RBL Bank Results20-Oct-16 Biocon Results20-Oct-16 LIC Housing Finance Results21-Oct-16 Wipro Results21-Oct-16 ACC Results21-Oct-16 Cairn India Results25-Oct-16 Dr. Reddy's Laboratories Results25-Oct-16 Zee Entertainment
Enterprises Results25-Oct-16 Mahindra & Mahindra
Financial Services Results25-Oct-16 Kotak Mahindra Bank Results25-Oct-16 IDFC Bank Results25-Oct-16 HDFC Bank Results25-Oct-16 Bharti Airtel Results25-Oct-16 Axis Bank Results25-Oct-16 Asian Paints Results/Dividend
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
S&P BSE SENSEX 28061 UP 13.04.16 25627 27000 26600
NIFTY50 8698 UP 13.04.16 7850 8400 8200
NIFTY IT 10184 Down 23.03.16 11207 10900 11200
NIFTY BANK 19400 UP 18.03.16 15655 18800 18500
ACC* 1625 UP 18.03.16 1337 - 1600
BHARTIAIRTEL 319 Down 12.08.16 348 340 350
BHEL** 135 UP 08.07.16 138 - 135
CIPLA 570 UP 05.08.16 533 560 550
DLF 156 UP 04.03.16 108 150 145
HINDALCO 158 UP 11.03.16 84 140 135
ICICI BANK*** 251 UP 10.06.16 253 - 245
INFOSYS 1013 DOWN 15.07.16 1073 1080 1100
ITC**** 239 UP 18.03.16 325 - 230
L&T***** 1457 UP 22.04.16 1265 - 1420
MARUTI 5684 UP 20.05.16 3927 5400 5200
NTPC 148 Down 30.09.16 148 160 164
ONGC 267 UP 19.08.16 242 250 240
RELIANCE 1109 UP 15.07.16 1012 1040 1020
TATASTEEL 407 UP 04.03.16 289 360 350
S/l
4
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Closing as on 07-10-2016*ACC HAS BROKEN THE SUPPORT OF 1630**BHEL HAS BROKEN THE SUPPORT OF 140***ICICIBANK HAS BROKEN THE SUPPORT OF 255****ITC HAS BROKEN THE SUPPORT OF 240*****LT HAS BROKEN THE SUPPORT OF 1480
BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
FMCGHealthcare
Auto BankRealty
Cap GoodsCons Durable
Oil & GasPower
ITMetal
Down SidewaysUp
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
5
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SMC Trend
Nifty Sensex BSE Midcap BSE Smallcap Nifty Junior S&P CNX 500
SMC Trend
FTSE 100CAC 40
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
-183.83
1127.20
108.78
503.72
655.65603.00
-400.00
-200.00
0.00
200.00
400.00
600.00
800.00
1000.00
1200.00
Friday Monday Tuesday Wednesday Thursday
FII / FPI Activity MF Activity
10.84
4.674.24 3.98 3.95
-2.39-2.01 -1.77 -1.47 -1.22
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
GAIL (India) O N G C Maruti Suzuki
Tata Steel Asian Paints M & M Axis Bank TCS ITC Coal India
10.62
9.48
5.69
4.87 4.84
-2.33-1.95 -1.73 -1.73 -1.64
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
GAIL (India) B P C L Eicher Motors O N G C Tata Power Co.
M & M Axis Bank Bank of Baroda
TCS ITC
1.140.86
2.84
3.48 3.47
1.93
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Next 50
S&P CNX 500
-0.62
2.15
0.51
1.982.20
0.97
0.63
4.03
6.88
1.64
4.19
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
Auto Index Bankex Cap Goods Index
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index
Power Index Realty Index
-0.10-0.22
-0.35
2.73
0.55
2.81
0.00
1.46
0.72
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
2.50
3.00
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng *Shanghai Comp.
FTSE 100 CAC 40
*Shanghai market was closed from 3rd-6th Oct.
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
Beat the street - Fundamental Analysis
Above calls are recommended with a time horizon of 8 to 10 months. Source: Company Website Reuters Capitaline
6
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TATA CHEMICALS LIMITED CMP: 541.50 Upside: 22%Target Price: 659.00
Investment Rationale ?Tata Chemicals Innovation Centre was set up with ?Tata Chemicals is a global company with interests the objective of developing world-class R&D
in businesses that focus on living, industry and facility working on more than 20 projects in the farm essentials. Tata Chemicals limited has been areas of nanotechnology and biotechnology. It has rated as one of the top 10% in Business and now moved from being TCL-centric to a having a Consumer brands across all industry and consumer much wider base of clients, from the Tata group as brand categories in India by Superbrands. well as external companies.
?Recently, company has agreed to sell its urea Valuationplant in Babrala, Uttar Pradesh, to the Indian unit It continued focus on improving operational of Norway-based Yara International ASA for ̀ 2,670 performance has ensured better performance across crore, as it seeks to position itself as a maker of geographies, along with strong performance of the consumer products rather than fertilizers. It Indian chemicals business. Going forward would continue to own the brands Paras, TKS and management expects the Indian market to continue Daksha. The divestment of the urea business by the overall growth momentum, and also remains Tata Chemicals will unlock value for the company, positive about the growth across its businesses. Thus, strengthen its balance sheet and help it pursue it is expected that the stock will see a price target of growth in line with its strategy. 659 in 8 to 10 months time frame on a two year
?Company is de-focusing on the fertiliser business average P/E of 16.66x and FY17 (E) earnings of due to the subsidy outstanding. Going forward, 39.55.the company will focus on operational excellence and enhance the share of the foods business. The improved performance of all international geographies along with lower input costs for the Indian chemicals business took the operating profit to 279.65 crore, a jump of 33 percent on a consolidated basis during the quarter (Qtr Ending Jun.16).
?The company strategy is to move forward to build consumer business while maintaining leadership in inorganic chemicals business and focusing the farm business through its subsidiary Rallis and Metahelix. The company is pleased to have found a strong partner to parent its urea business.
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Face Value (`) 10.00
52 Week High/Low 574.80/310.05
M.Cap ( Cr.) 13795.25
EPS ( ) 35.59
P/E Ratio (times) 15.21
P/B Ratio (times) 2.19
Dividend Yield (%) 1.85
Stock Exchange BSE
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% OF SHARE HOLDING
P/E Chart
` in cr
Actual EstimateFY Mar-15 FY Mar-16 FY Mar-17
Revenue 17,537 17,536 17,651EBITDA 2,165 2,448 2,513EBIT 1,701 1,568 2,135Pre-Tax Profit 1,271 1,595 1,789Net Income 780 1,005 1,142EPS 30.62 39.55 45.24BVPS 246.84 271.47 319.01ROE (%) 13.20 15.00 14.90
VALUE PARAMETERS
Investment Rationale Energy Corporation of India (SECI) for development of 250 mw solar power projects in •The company currently operates at power India and an agreement has been put in place with generation capacity of 6,587 MW, which accounts Teesta Urja Ltd (TUL) to provide consultancy for about 15 per cent of the country's hydro power services for Project Construction Management for capacity and after 80 MW of the Teesta Low Dam-1,200 MW Teesta Stage-III hydroelectric (HE) IV Project in West Bengal and the 330 MW projects in Sikkim. Moreover, the company is in Kishanganga Project in Jammu & Kashmir, its active dialogue with Druk Green Power production and revenue would increase. Corporation Ltd, Bhutan, for development of 770 Therefore, the management of the company MWHE project in Bhutan.expects 11% revenue growth in FY 2016-17.
Valuation•It is providing Design & Engineering Consultancy services to Mangdechhu Hydroelectric Project Good fundamental base and continuous good Authority (MHPA) for the implementation of 720 performance on the earnings front indicate a good megawatts Mangdechhu Hydroelectric Project in prospect of the company. The management of the Bhutan. It is also engaged in providing company expects double digit growth in FY17 with Management Consultancy to Ethiopia Electric increase more power generation capacity as compared Power Company (EEPCO) through a Consortium to earlier years. Moreover, it plans to raise 1,200 crore led by Power Grid and BSES Rajdhani. from the market through bond issuance to part finance
its 3,900-crore capex programme for 2016-17. Thus, it •The company has already got approval from the is expected that the stock will see a price target of 31 Ministry of power to construct the power station in 8 to 10 months time frame on a target 3 year average worth 430MW during the next five years. So 250 P/E of 11.58x and FY17 (E) earnings of 2.65.MW was for solar and 180 MW was for wind.
Moreover, one wind power station has already come up in Jaisalmer and company is expecting that the project will be commissioned very soon. As per the management of the company, the annual generation of that project is around 116 million units and the cost is somewhere ̀ 300 Crore and the company has already spent around 235 Crore over that project related to wind energy.
•Regarding Solar power project in UP, that would be developed through a joint venture between UPNEDA (Uttar Pradesh New and Energy Development Authority) and NHPC. PPA (Power Purchase Agreement) has not yet been signed. Once PPA would sign, the company would be awarded the project.
•Another MoU has also been signed with Solar
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P/E Chart
NHPC LIMITED CMP: 25.85 Upside: 18%Target Price: 31.00
Face Value (`) 10.00
52 Week High/Low 28.20/17.00
M.Cap ( Cr.) 28617.68
EPS ( ) 2.02
P/E Ratio (times) 12.83
P/B Ratio (times) 0.91
Dividend Yield (%) 5.80
Stock Exchange BSE
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` in cr
% OF SHARE HOLDING
VALUE PARAMETERS
Actual EstimateFY Mar-15 FY Mar-16 FY Mar-17
REVENUE 8,103.30 8,490.50 9,036.60
EBITDA 5,271.30 5,204.80 5,670.50
EBIT 3,556.00 3,462.10 4,144.30
NET INCOME 1,969.40 2,688.30 2,929.80
EPS 1.78 2.43 2.64
BVPS 27.78 28.33 29.10
ROE 6.70 8.60 9.60
3.45
10.46 5.36
74.6
6.14
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
20.42
26.96
0
30.94
21.68
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
Charts by Spider Software India Ltd
7
EQUITY
Above calls are recommended with a time horizon of 1-2 months
Disclaimer : The analyst and its affiliates companies make no representation or warranty in relation to the accuracy, completeness or reliability of the information contained in its research. The analysis contained in the analyst research is based on numerous assumptions. Different assumptions could result in materially different results.The analyst, not any of its affiliated companies, not any of their members, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of the analysis research.
SOURCE: CAPITAL LINE
®
The stock closed at `1047.80 on 07th October 2016. It made a 52-week low at
774.15 on 18th January 2016 and a 52-week high at 1079.70 on 06th September
2016. The 200 days Exponential Moving Average (EMA) of the stock on the daily
chart is currently at 915.52.
After a strong consolidation in the range of 850-950 levels, it went up sharply and
never turned back despite weakness in other counters. Moreover, last week
there was fall in broader index but it sustained on positive note that determine
its strength. One can buy in the range of 1020-1030 levels for the target of 1080-
1100 levels with SL of 990 levels.
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Amara Raja Batteries Limited
The stock closed at 956.50 on 07th October 2016. It made a 52-week low at
682 on 24th June 2016 and a 52-week high of 969.20 on 23rd September 2016.
The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at 840.42.
As we can see on the charts, last week there was sharp spurt in volumes and
price. Moreover, it took support above its 200 EMA and oscillators are trading in
oversold condition. We anticipate that it will sustain at higher levels and reach
the target in the near term. Therefore, one can buy in the range of 951-958
levels for the upside target of 1010-1020 levels with SL below 928.
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Bharat Forge Limited
DERIVATIVES
CHANGE IN NIFTY OPTION OI (IN QTY)
WEEKLY VIEW OF THE MARKET
NIFTY OPTION OI CONCENTRATION (IN QTY)
CHANGE IN BANKNIFTY OPTION OI (IN QTY)BANKNIFTY OPTION OI CONCENTRATION (IN QTY)
®
Continuous FII selling, strong dollar index and India Pakistan boarder tensions dragged the market down with uncertainties. As major weight age of Nifty index
stocks are trading range bound, hence every bounce can be short lived. Hereafter, the range of 8500-8800 will remain crucial in the near term, and the move is
expected to remain volatile as indicated by option open interest concentration. If Nifty closes above the 8800 mark, it can see 8950 levels due to short covering.
On the other hand, the index has strong support at 8650-8600 levels. In Derivative data, Nifty future is trading at premium of 21 point. The options open interest
concentration remains at the 9000-strike call with the highest open interest of above 64 lakh shares. Among put options, the 8600-strike taking the total open
interest to 46 lakh shares, with the highest open interest among put options. The put-call ratio of open interest closed up at 1.04 from 0.98 levels indicating put
writing. The implied volatility (IV) of call options closed at 12.84%, while the average IV of put options closed at 12.55%. VIX Index inched down to 14.84 from
15.62. In the coming week, as there is no major event hence sideways movement is expected. Stock specific moves are expected in near term.
In lakhs
In 10000 In 10000
JUBLFOOD (OCT FUTURE)
Buy: Above `1071
Target: `1110
Stop loss: `1051
ITC
Buy OCT 240. PUT 5.20
Sell OCT 230. PUT 1.90
Lot size: 2400
BEP: 236.70
Max. Profit: 16080.00 (6.70*2400)
Max. Loss: 7920.00 (3.30*2400)
OPTIONSTRATEGY
FUTURE
ARVIND
Buy OCT 360. CALL 9.40
Sell OCT 370. CALL 6.20
Lot size: 2000
BEP: 363.20
Max. Profit: 13600.00 (6.80*2000)
Max. Loss: 6400.00 (3.20*2000)
INFY
Buy OCT 1000. PUT 32.00
Sell OCT 980. PUT 24.00
Lot size: 500
BEP: 992.00
Max. Profit: 6000.00 (12.00*500)
Max. Loss: 4000.00 (8.00*500)
DERIVATIVE STRATEGIES
AMARAJABAT (OCT FUTURE)
Buy: Above `1061
Target: `1095
Stop loss: `1043
JETAIRWAYS (OCT FUTURE)
Sell: Below `466
Target: `454
Stop loss: `472
BULLISH STRATEGY BEARISH STRATEGY
Call Put
11
.95
6.0
2
6.0
2 11
.83
15
.18
25
.16
36
.32
33
.42
60
.97
31
.76
28
.54
30
.67
29
.21
29
.21
42
.52
42
.70
40
.34
24
.51
8.7
7
15
.28
7.6
3
3.3
8
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
8000 8200 8200 8500 8600 8700 8800 8900 9000 9100 9200
Call Put
-0.2
9
-0.8
3
-1.1
4
-1.7
0
-3.5
9
5.1
7
10
.87
6.8
1
12
.10
7.8
9
5.1
3
4.5
8
5.1
6
-1.6
4
6.8
1
11
.65
17
.49
9.5
3
0.7
2
-0.7
1
0.0
1
-0.1
9
-5.00
0.00
5.00
10.00
15.00
20.00
8000 8200 8200 8500 8600 8700 8800 8900 9000 9100 9200
Call Put
2.3
1
3.5
5 9.7
9
31
.03
4.2
8
5.6
4
7.8
2
92
.47
80
.32
29
.00
8.6
4
53
.06
95
.92
51
.00
45
.34
3.4
8
2.1
3
1.3
6
24
.66
3.9
3
4.2
0
0.5
0
0.00
20.00
40.00
60.00
80.00
100.00
120.00
18000 18500 19000 19500 19600 19700 19800 20000 20500 21000 21500
Call Put
-0.5
5
-0.3
1
-0.5
8
1.3
0
1.9
3
3.5
1
4.9
8
40
.74
40
.93
2.7
2
0.7
2
-12
.50
54
.94
15
.08
10
.15
2.1
4
1.1
1
0.6
3
-1.2
9
0.1
8
-0.0
5
0.0
1
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
18000 18500 19000 19500 19600 19700 19800 20000 20500 21000 21500
8
In lakhs
9
DERIVATIVES
®
FII’s ACTIVITY IN DERIVATIVE SEGMENT
SENTIMENT INDICATOR (NIFTY)
06-Oct 05-Oct 04-Oct 03-Oct 30-Sep
Discount/Premium 21.80 31.40 30.55 41.00 29.50
PCR(OI) 1.04 1.03 1.03 0.99 0.98
PCR(VOL) 1.12 1.05 0.96 1.05 1.12
A/D RATIO(Nifty 50) 0.40 0.88 1.94 49.00 1.63
A/D RATIO(All FO Stock)* 0.33 0.96 1.68 152.00 4.88
Implied Volatality 12.84 12.96 13.31 13.80 15.74
VIX 14.84 14.93 14.99 15.62 15.62
HISTORY. VOL 15.60 15.90 16.35 16.82 15.56
*All Future Stock
SENTIMENT INDICATOR (BANKNIFTY)
06-Oct 05-Oct 04-Oct 03-Oct 30-Sep
Discount/Premium 88.25 84.65 112.10 96.30 117.05
PCR(OI) 1.04 0.99 1.05 1.14 1.21
PCR(VOL) 0.95 0.95 0.90 0.97 1.09
A/D RATIO(BANKNIFTY) 0.20 0.33 5.00 All Up 5.00
#A/D RATIO 0.12 0.29 8.50 All Up 8.50
Implied Volatality 16.64 17.26 16.42 20.05 20.23
HISTORY. VOL 20.76 21.14 21.44 21.98 21.57
FII’S ACTIVITY IN NIFTY FUTURE
**The highest call open interest acts as resistance and highest put open interest acts as support.# Price rise with rise in open interest suggests long buildup | Price fall with rise in open interest suggests short buildup # Price fall with fall in open interest suggests long unwinding | Price rise with fall in open interest suggests short covering
# All BANKING Future Stock
Top 10 short build upTop 10 long build up
LTP % Price Change Open interest %OI Chng
OIL 414.2 2.79% 1268200 59.06%
HINDZINC 251.45 7.21% 5696000 56.00%
AMARAJABAT 1045.85 2.89% 613800 54.53%
SRF 1901.4 6.47% 454000 40.12%
MCLEODRUSS 178 4.00% 6117000 35.30%
CEATLTD 1395.2 4.76% 1618400 26.20%
HAVELLS 449.85 7.03% 2654000 23.79%
HINDALCO 158.5 3.09% 30520000 22.03%
BOSCHLTD 23214.35 1.47% 108750 20.97%
GODREJIND 449.45 3.80% 1497000 20.53%
LTP % Price Change Open interest %OI Chng
IDFCBANK 74 -7.85% 16600000 183.86%
AJANTPHARM 1976.8 -2.12% 472000 40.31%
BANKBARODA 165.35 -1.72% 43571500 30.85%
ICIL 721.1 -1.25% 859800 14.82%
AXISBANK 534.65 -1.87% 35169600 10.40%
TATAELXSI 1372.75 -1.95% 1589700 10.40%
TCS 2387.6 -1.71% 4097750 8.84%
M&M 1380.75 -2.07% 6365000 6.57%
ITC 238.55 -1.67% 51232800 6.37%
BATAINDIA 485.65 -1.41% 3503500 6.31%
In Cr. In Cr.
- 29
9
- 11
21
- 35
6
13
5
87
6
- 13
80
- 15
9
34
7
15
4
32
-1500
-1000
- 500
0
500
1000
23-Sep 26-Sep 27-Sep 28-Sep 29-Sep 30-Sep 03-Oct 04-Oct 05-Oct 06-Oct
- 78
3
- 17
73
83
9
13
39
53
4
- 16
4
29
6
12
63
47
0
48
6
-2000
-1500
-1000
-500
0
500
1000
1500
23-Sep 26-Sep 27-Sep 28-Sep 29-Sep 30-Sep 03-Oct 04-Oct 05-Oct 06-Oct
10
®
Turmeric futures (Nov) may witness a consolidation in the range of 6700-7450 levels. The counter is trapped amidst the mixed fundamentals of demand & supply. With better sowing and favorable weather, turmeric crop is likely to be better than last year, has prompted buyers to do need based buying instead in bulk. The latest statistics highlight that turmeric sowing in Andhra Pradesh as on September 28 has reached at 14,000 hectares as compared to 15,000 hectares last year, while in Telangana acreage stood at 46,000 hectares versus 41,000 hectares. Secondly, supplies of turmeric in the market are mostly thin, and most are medium to inferior grade, which has prompted buyers to stay sideline. Cardamom futures (Nov) will possibly extend its downtrend & can fall towards 1080 levels. Harvesting is in full swing now in all the estates and according to the trade in Bodinayakannur, 75% of the capsules arriving at the auctions are from the new crop. Condition of the late crop would mainly depend on the behaviour of the ensuing North East monsoon. Total arrivals during the season from August 01 up to October 1, 2016 were at 4,141 tonnes and sales were at 3,819 tonnes. Jeera futures (Nov) trading near its 10 week low, will possibly continue remain in bearish zone & witness a consolidation in the range of 16500-17600 levels. Currently, the farmers are not carrying cumin in market, whereas stockists are buying as per their immediate requirements. Demand for cumin seed is expected to start by the mid of October. A large quantity of cumin will be used as seed as farmers are likely to cultivate more this season due to better realization.
SPICES
Soybean futures (Nov) is looking to take support near 3200 levels. In days to come, the counter is likely to witness a consolidation for the sixth consecutive week in the range of 3200-3350 levels. The counter is presently reeling under the pressure of arrivals from the ongoing harvesting season. Soybean harvest has commenced in the key growing regions of Madhya Pradesh and Maharashtra and the prices have turned bearish in the recent weeks on projections of a good crop this year. It is estimated that in the second half of October the arrivals at the spot markets are set to increase. On CBOT, U.S Soybean futures (Nov) might face resistance near $9.80 a bushel & remain pressurized due to accelerating U.S. harvest & rising prospects of record production. The fresh evidence of rising yields fueling a bumper crop outweighed the buoyant export market. Mustard futures (Nov) will possibly find some support near 4500-4450 levels. There may be a tight supply in coming months as the stocks may exhaust till new crop arrival in Feb, as 15 lakh tonne is available with average monthly crushing estimated at 3 lakh tonne. New mustard crop will arrive only after February. Refined soy oil futures (Nov) is likely to trade sideways in the range of 650-665 levels. The counter is likely to get support from the rising edible consumption during the upcoming festive season. The downtrend in CPO futures (Oct) might witness an extension towards 490-480 levels. Demand is seen slowing in the final quarter of the year when consumers in the northern hemisphere switch to soyoil, as palm solidifies in colder temperatures.
OIL AND OILSEEDS
OTHER COMMODITIES
Kapas futures (Apr) may trade sideways in the range of 870-915 levels with a downside bias. Cotton price may come under pressure as the supplies are likely to improve in the days to come. It is reported by the International Cotton Advisory Committee, that in 2016/17, the cotton area in India contracted by 8%, to just under 11 million hectares, due to competition from other crops such as maize. However, a 9% increase in the average yield to 526 kg/ha may offset the losses in area and production is expected to remain stable at 5.8 million tons. Exports from India are forecast to fall by 35% to 820,000 tons. Secondly, the average yield of world cotton is projected to improve by 9% to 753 kg/ha, and world production in 2016/17 is expected to increase by 7% to 22.6 million tons. Sugar futures (Dec) is expected to consolidate in the range of 3600-3680 levels with upside getting capped. The government clarified that the country has adequate domestic stocks to meet any extra festival demand. For the past six months, sugar price has been almost stable and the government has been constantly monitoring the rates, the Ministry of Consumer Affairs, Food & Public Distribution stated. The downtrend of mentha oil futures (Oct) is likely to get extended towards 840-820 levels as the sentiments of the spot markets have turned bearish due to lack of demand against sufficient availability. Mentha oil in Rampur market of Uttar Pradesh was last traded at ̀ 1,006/kg, while in Sambhal priced near 1,000/kg.`
Bullion counter has witnessed steep collapse in its prices recently as rise in greenback and fear about Fed's interest rates hike this year and ECB may look to scale back its €10 billion monthly bond purchase program prompted heavy selling pressure on the bourses. As prices have fallen sharply so some short covering at lower level cannot be denied. The surge in dollar index is expected to continue as it can test 98 levels. Movement of local currency rupee will also affect the bullions in MCX which can move in the range of 66-67.60. Gold can face resistance $1300 in COMEX and 30500 in MCX while it has support near $1210 in COMEX and $28500 in MCX. Recently gold silver ratio increased from 68 to 72 as silver fell at faster pace than gold. Silver has key support near 40000 in MCX and $16.20 in COMEX. And it has resistance near 43500 in MCX and $18.10 in COMEX. Meanwhile the recent fall in bullions can lead to pick up in physical demand in India ahead of festival season. With a good monsoon, the upcoming wedding season and Diwali and Dhanteras festivals, demand could pick up after a subdued activity year-to-date. A fall in demand can be seen from the fact that in the first nine months of 2016, imports slumped by 50 percent from a year ago to 268.9 tonnes, according to GFMS report. Furthermore Bond traders in US bolstered their bets on higher U.S. interest rates after data showed filings for unemployment benefits dropped to an almost four-decade low, coming after reports pointing to an improvement in the services and manufacturing industries.
BULLIONS
Crude oil may continue its upside momentum as fall in stockpiles and decision by OPEC members to cut output in Algeria meeting continue to support the prices despite rise in dollar index. Crude oil can trade in the range of 3150-3600 in MCX. Oil has gained more than $6 a barrel since the Organization of the Petroleum Exporting Countries announced at informal talks in Algeria on Sept. 28 that it hopes to reduce output to 32.5 million to 33 million barrels per day. That would remove about 700,000 bpd from a global glut estimated at 1 million to 1.5 million bpd. A number of OPEC oil ministers and Russia's energy minister are set to attend an energy conference in Istanbul are expected to meet together informally although they are unlikely to make any new decisions. Saudi will shoulder the bulk of the production cuts with a reduction of 5 percent or 0.5 million barrels per day (bpd), with other Gulf States cutting by 0.3 million bpd. Natural gas may remain on a volatile path as it can move in the range of 188-212 in MCX. U.S. Energy Information Administration stated in its weekly report that natural gas storage in the U.S. rose by 80 billion cubic feet in the week ended September 30, above expectations for an increase of 70 billion cubic feet. With just a month to go before the traditional start of heating season when those stores begin to be depleted, the amount of gas in storage is 2.6% higher than the very ample level seen a year ago.
ENERGY COMPLEX
In base metal counter, some uptick in demand can be seen as China markets open after week long holidays. Industrial metals have retreated last week as a rise in the greenback made commodities more expensive for holders of other currencies. The dollar is gaining as bets mount that the Federal Reserve will boost rates in December. Local governments in China announced a flurry of property market cooling measures, seeking to douse fears about a real estate bubble. Four Chinese cities starting with capital city Beijing, tightened rules for home purchases, which increased the down payment required on real estate purchases. Red metal copper may move in the range of 312-328. China, the world's biggest consumer of copper, cut imports of the refined metal to the lowest level in 18 months in August as domestic production climbed amid increasing foreign purchases of ore and concentrate. Lead can move in the range of 134-142. Nickel can move in the range of 650-710. According to data reported by the International Copper Study Group (or ICSG) in the previous week, the refined copper balance in first half of 2016 witnessed a deficit of 306,000 metric tonnes. This is close to a seasonally adjusted deficit of 227,000 metric tonnes. Zinc can move in the range of 150-160. Aluminum may move in the range of 109-114 in MCX. Japanese aluminium buyers will pay a premium of $75 per tonne over the London Metal Exchange (LME) cash price for their shipments in the fourth quarter of this year.
BASE METALS
11
TECHNICAL RECOMMENDATIONS
COMMODITY
COPPER MCX (NOVEMBER) contract closed at ̀ 320.15 on 06th Oct'16. The contract made its high of Rs.
346.20 on 13th July'16 and a low of 309.50 on 05th Sep'16. The 18-day Exponential Moving Average of
the commodity is currently at 322.49.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 54. One can buy in the
range of 319-317 with the stop loss of 314 for a target of 328.
`
`
` ` `
JEERA NCDEX (NOVEMBER) contract closed at 17120 on 06th Oct'16. The contract made its high of Rs.
20665 on 25th July'16 and a low of 16700 on 05th Oct'16. The 18-day Exponential Moving Average of the
commodity is currently at 17463.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 35. One can buy in the
range of 16900-16700 with the stop loss of 16500 for a target of 17800.
`
`
`
` ` `
NATURAL GAS MCX (OCTOBER) contract closed at 203.90 on 06th Oct'16. The contract made its high of
212.40 on 21st Sept'16 and a low of 186.70 on 12th Aug'16. The 18-day Exponential Moving Average of
the commodity is currently at 200.29.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 53. One can buy in the
range of 201-198 with the stop loss of 194 for a target of 212.
`
` `
`
` ` `
®
COPPER MCX (NOVEMBER)
JEERA NCDEX (NOVEMBER)
NATURAL GAS MCX (OCTOBER)
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 3242.00 12.05.16 Down 4037.00 - 3350.00 3400.00
NCDEX JEERA NOV 17120.00 12.08.16 Down 18520.00 - 17700.00 18000.00
NCDEX REF.SOY OIL NOV 659.00 08.09.16 Sideways
NCDEX RM SEEDS NOV 4590.00 24.08.16 Down 4637.00 - 4750.00 4800.00
MCX MENTHA OIL OCT 866.60 01.09.16 Down 888.70 905.00 920.00
MCX CARDAMOM NOV 1132.10 22.09.16 Down 1134.50 1175.00 1200.00
MCX SILVER DEC 41521.00 06.10.16 Down 41521.00 - 43000.00 44500.00
MCX GOLD DEC 29575.00 06.10.16 Down 29575.00 - 30200.00 30800.00
MCX COPPER NOV 320.15 22.09.16 Up 326.75 315.00 - 310.00
MCX LEAD OCT 137.30 25.08.16 Up 125.20 132.00 - 128.00
MCX ZINC OCT 154.90 29.09.16 Up 157.60 152.00 - 147.00
MCX NICKEL OCT 684.50 22.09.16 Up 710.00 680.00 - 650.00
MCX ALUMINUM OCT 111.65 29.09.16 Sideways
MCX CRUDE OIL OCT 3368.00 06.10.16 Up 3368.00 3150.00 - 3050.00
MCX NATURAL GAS OCT 203.90 25.08.16 Up 194.00 195.00 - 190.00
TREND SHEET
Closing as on 06.10.16
COMMODITY
NEWS DIGEST
Massive fall in bullion counter owing to big jump in dollar index was the major attraction for
the commodity market players in the week gone by. Gold prices fell to a fresh four-month low
Thursday, as strong U.S. economic data bolstered the case for the Federal Reserve to raise
interest rates in coming months. Strong employment numbers for September would help
cement the argument for a rate increase in December, hurting gold, which struggles to
compete against yield-bearing investments when borrowing costs rise. This concern brought
gold price down nearly 5% since last to last week. Silver's futures prices were down by more
than 8% for the same reason. Signs of a more robust economy and a series of hawkish comments
from Fed officials have dented the precious metal sentiments. In comex, gold and silver
breached the mark of $1260 and $17.5 respectively. In MCX, gold and silver made the downside
of 29550 and 41160 respectively. Energy counter closed on strong note. Oil prices settled up,
hitting their highest since June, after the fifth unexpected weekly drawdown in U.S. crude
inventories added to support on hopes that major producers will agree to cut output next
month. Brent closed above $52 and WTI closed above $50. In MCX, crude made a high of 3384.
Bearish storage report failed to lower natural gas prices last week. The winter outlook
continued to be very supportive of prices. All base metals shed their previous gain accept
aluminum. London copper slipped in very low volumes as a stronger dollar weighed on
commodities and a week-long holiday in China drained the market of direction.
In agri commodities, maize prices saw some profit booking after massive upside. Soybean
futures fell on harvest pressure and expectations of a record-large crop. According to a report,
there is a forecast of U.S. 2016 soybean production at 4.3 billion bushels with a yield of 51.6
bushels per acre (bpa). Spices counter turned bearish accept dhaniya, which saw some fresh
buying in spot as well as in futures market. Expectations of higher production in the coming year
due to strong sowing of turmeric in the producing belts of Karnataka, weighed on prices. Jeera
prices drifted lower, triggered by easing domestic and exports demand in the spot market.
WEEKLY COMMENTARY
COMMODITY UNIT 06.10.16 DIFFERENCEQTY. QTY.
BARLEY MT 3494.00 1956.00 -1538.00
CORIANDER NEW MT 12185.00 12804.00 619.00
COTTON SEED OILCAKE MT 0.00 0.00 0.00
GUARGUM MT 17078.00 12475.00 -4603.00
GUARSEED MT 15093.00 15565.00 472.00
JEERA NEW MT 3887.00 3457.00 -430.00
MAIZE MT 0.00 0.00 0.00
RM SEED MT 17111.00 13592.00 -3519.00
SUGAR MT 0.00 0.00 0.00
TURMERIC MT 5569.00 5087.00 -482.00
WHEAT MT 13946.00 8240.00 -5706.00
29.09.16 COMMODITY UNIT 06.10.16 DIFFERENCE
QTY. QTY.
CARDAMOM MT 14.00 15.20 1.20
GOLD KGS 822.00 85.00 -737.00
GOLD MINI KGS 6.50 5.20 -1.30
GOLD GUINEA KGS 8.12 7.92 -0.20
MENTHA OIL KGS 2567415.78 2475941.73 -91474.05
SILVER (30 KG Bar) KGS 62734.85 63302.35 567.50
29.09.16
•ICEX will start mock trading in polished diamonds on Tuesday. Diamonds are one of six commodities the government notified on September 28 as allowed for futures, with prior approval from SEBI.
•Export of soybean meal and its other value added products during oil year 2015-16 (October 2015 - September 2016) has declined by 65% as compared to previous oil year. - Soybean Processors Association of India (SOPA).
•In 2016/17, the world cotton area is forecast to fall by 1% to 30 million hectares. - International Cotton Advisory Committee.
•US initial claims for state unemployment benefits unexpectedly declined by 5,000 to a seasonally adjusted 249,000 for the week to Oct. 1.
•Energy ministers from Saudi Arabia, Iran and Iraq will be among representatives of key OPEC producers meeting Russian officials for informal talks on oil output in Istanbul this week.
•The IMF projected weaker growth in advanced economies like US. US 2016 growth is now projected at 1.6% from 2.2% earlier.
•Chinese official manufacturing PMI held in expansion territory last month at 50.4, the highest level in almost two years.
•Confidence among big Japanese manufacturers was flat in the three months to September and service-sector sentiment worsened to its lowest in nearly two years.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
®
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
5.10 4.98 4.86 4.83
0.40
- 9.20 - 9.17
- 4.54 - 4.32 - 4.26
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
NATURAL GAS
BRCRUDE OIL
CRUDE OIL
CRUDE OIL M ALUMINIUM SILVER SILVER M GOLD GOLD M CPO
4.06
2.50 2.36
1.260.89
- 8.14
- 4.04 - 3.97- 3.53
- 2.60
-10.00
- 8.00
- 6.00
- 4.00
- 2.00
0.00
2.00
4.00
6.00
CRUDE OIL CORIANDER
SHANKAR KAPAS
NEW STEEL LONG SUGARM
SILVER HEDGE
CRUDE PALM OIL
GOLD HEDGE
GOLD NEW JEERA
COMMODITY
COMMODITY EXCHANGE CONTRACT 30 06.10.16 CHANGE%
ALUMINIUM LME 3 MONTHS 1673.00 1677.00 0.24
COPPER LME 3 MONTHS 4865.00 4756.00 -2.24
LEAD LME 3 MONTHS 2123.50 2054.50 -3.25
NICKEL LME 3 MONTHS 10575.00 10255.00 -3.03
ZINC LME 3 MONTHS 2377.00 2323.00 -2.27
GOLD COMEX DEC 1317.10 1253.00 -4.87
SILVER COMEX DEC 19.21 17.35 -9.68
LIGHT CRUDE OIL NYMEX NOV 48.24 50.44 4.56
NATURAL GAS NYMEX OCT 2.91 3.05 4.81
.09.16
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
29.09.16 06.10.16
ALUMINIUM 2133625 2141875 8250
COPPER 369075 365050 -4025
NICKEL 361884 360558 -1326
LEAD 191000 190775 -225
ZINC 440650 452875 12225
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 30.09.16 06.10.16 CHANGE(%)
Soybean CBOT NOV Cent per Bushel 954.00 958.50 0.47
Corn CBOT DEC Cent per Bushel 336.75 340.50 1.11
CPO BMD DEC MYR per MT 2636.00 2579.00 -2.16
Sugar LIFFE DEC 10 cents per MT 597.20 590.50 -1.12
13
®
SPOT PRICES (% change) Price Movement of commodities in Sept. 2016
In the month of September, highest gainer and highest looser both are from Agri segment i.e. Maize and coriander respectively. Maize prices sky rocketed on lower production estimates amid lower area and crop damage. On other side, coriander futures slipped on muted demand amid ample stock position following rising arrivals from major producing belts. Mentha oil is another major looser in agri commodities. Its prices declined due to lackluster demand from exporters and domestic bulk buyers and selling pressure in spot markets of Uttar Pradesh. Guar complex regained its ground again after huge loss in August month. Guar seed production in country is likely to drop 13.77% due to decline in sowing area. Kapas and cocud also closed in green territory on taking positive cues from the positive fundamentals prevailing on international as well as the domestic markets. On the international market, cotton futures are trading six-week high, supported by some concern over weather conditions affecting crops in US. Turmeric also closed down due to limited buying from domestic buyers and exporters amid projections of higher output while jeera lost its ground on dull business in Unjha & Rajkot as well as few takers at the high price levels. At this time international buyers are moving to Syrian and Turkish origin cumin due to lower prices. Oilseeds closed negative while edible oil traded northward.
Mixed sentiment witnessed in bullion counter. Gold moved in narrow range. Federal Reserve's decision to keep interest rates unchanged has supported the prices while fear of rise in interest rate kept the upside capped. Silver outperformed gold on strong silver ETF demand. According to the World Silver Survey, in 2015, silver demand increased year-over-year by 39 million ounces to 1.17 billion ounces. In energy, crude prices continued to rise in consecutive month due to production cut news by OPEC and falling stockpiles. OPEC would reduce output to a range of 32.5-33.0 million barrels per day (bpd). OPEC estimates its current output at 33.24 million bpd. Natural gas traded sideways. In base metals, Lead leads the rally on supply concern while zinc rally appeared tired. Aluminium prices rallied due to falling stocks of aluminium in warehouses monitored by the SHFE, which have fallen nearly 70% since March to near 100,000 tonnes. Nickel continued to gain on mine closure in Philippines while some better data from US and china and falling inventory in LME pushed the copper prices.
-8.95
-2.84
-1.74
-0.83
-0.81
-0.81
-0.73
-0.65
-0.63
-0.41
-0.31
0.00
0.13
0.14
0.58
1.10
1.36
2.37
-10.00 -8.00 -6.00 -4.00 -2.00 0.00 2.00 4.00
SILVER 5 KG (DELHI)
JEERA (UNJHA)
RAW JUTE (KOLKATA)
COTTON SEED OIL CAKE (AKOLA)
CRUDE PALM OIL (KANDLA)
PEPPER MALABAR GAR (KOCHI)
TURMERIC (NIZAMABAD)
MUSTARD (JAIPUR)
CORIANDER (KOTA)
GUAR SEED (JODHPUR)
BARLEY (JAIPUR)
CHANA (DELHI )
GUAR GUM (JODHPUR)
WHEAT (DELHI)
SUGAR (KOLKATA)
SOYABEAN (INDORE)
COTTON (KADI)
GUR (MUZAFFARNGR.)
Source : Reuter
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 66.81 66.88 66.62 66.84
EUR/INR 75.10 75.17 74.50 74.83
GBP/INR 86.56 86.58 84.78 84.89
JPY/INR 65.87 66.01 64.43 64.54
News Flows of last week
02nd Oct Japan September factory activity expanded for first time in 7
months: PMI
03rd Oct Rising demand drove up September euro zone factory activity:
PMI
05th Oct U.S. services sector activity surged to 11-month high
06th Oct The number of Americans filing for unemployment benefits
unexpectedly fell last week to near a 43-year low
06th Oct U.S. nonfarm payroll job growth seen pushing case for Fed hikes
06th Oct Sterling plunged to a three-decade low against the dollar
EUR/INR (OCT) contract closed at 74.83 on 06th October'16. The contract made its high of 75.17 on 03rd October'16 and a low of 74.50 on 04thOctober'16 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at 74.93.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 43.01. One can sell around 74.50 for a target of 73.90 with the stop loss of 74.80.
JPY/NR (OCT) contract closed at 64.54 on 06thOctober'16. The contract made its high of 66.01 on 03rd October'16 and a low of 64.43 on 06th October'16 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at 65.59.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 33.20. One can sell below 64.40 for a target of 63.50 with the stop loss of 64.85.
(Source: Reliable Software, Open: Tuesday 9.00 AM IST, Close: Thursday(5.00 PM IST)
Market Stance
Indian rupee begin the week with a positive note as gains were seen in local
unit against the dollar after the central bank reduced the benchmark repo
rate by 25 basis points to 6.25%, citing slower inflation and a pick up in the
growth momentum. The momentum of growth is expected to quicken with a
normal monsoon raising agricultural growth and rural demand, as well as by
the stimulus to the urban consumption spending from the pay commission's
award. However, in later part of the week rupee pared all gains and settled in
red zone due to higher demand for the American currency from importers and
banks as overseas dollar was lifted by hawkish comments from a Federal
Reserve official and higher US Treasury yields. In other currencies, the pound
marked fresh, three-decade lows amid concerns that Britain's separation from
the European Union could be rocky and have grave economic consequences.
EUR/INR
USD/INR (OCT) contract closed at 66.84 on 06th October'16. The contract made its high of 66.88 on 05th October'16 and a low of 66.62 on 04th October'16 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at 66.82.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 48.69. One can sell below 66.85 for the target of 66.40 with the stop loss of 67.10.
GBP/INR (OCT) contract closed at 84.89 on 06th October'16. The contract made its high of 86.58 on 03rd October'16 and a low of 84.78 on 06thOctober'16 (Weekly Basis). The 14-day Exponential Moving Average of the GBP/INR is currently at 86.39.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 29.06. One can sell around 84.00 for a target of 83.00 with the stop loss of 84.50.
USD/INRTechnical Recommendation
Economic gauge for the next week
Date Currency Event Previous
10th Oct USD Labor Market Conditions Index -0.711th Oct EUR ZEW Survey - Economic Sentiment 5.412th Oct EUR Industrial Production w.d.a. (YoY) -0.512th Oct EUR Industrial Production s.a. (MoM) -1.112th Oct USD FOMC Minutes -13th Oct USD Initial Jobless Claims 24913th Oct USD Export Price Index (MoM) -0.813th Oct USD Import Price Index (YoY) -2.213th Oct USD Import Price Index (MoM) -0.213th Oct USD Export Price Index (YoY) -2.413th Oct USD Monthly Budget Statement -10714th Oct EUR Trade Balance n.s.a. 25.314th Oct EUR Trade Balance s.a. 20
GBP/INR JPY/INR
14
®
Endurance Tech IPO subscribed 92 pc on Day 2
Auto component maker Endurance Technologies' initial public offering was subscribed 92 percent on the second day of the offer today. The company's IPO received bids for 1,58,70,960
shares against the total issue size of 1,72,29,118 shares, data available with the NSE till 1730 hrs showed. The quota set aside for qualified institutional buyers (QIBs) was oversubscribed 1.70
times, while non institutional investors received 13 percent subscription. Retail investors category was subscribed 82 percent. Endurance Technologies has raised over ̀ 348 crore by allotting
shares to anchor investors. The issue comprises 2.46 crore equity shares, including an offer for sale of 1.93 crore shares by private equity firm Actis and 53.17 lakh shares by the promoter. It
has fixed the price band at ̀ 467-472 per equity share for the offer which is scheduled to close tomorrow. The issue is being managed by Axis Capital and Citigroup Global Markets India Pvt Ltd.
The equity shares are proposed to be listed on BSE and National Stock Exchange (NSE). The company manufactures two-wheeler and three-wheeler automotive components. It also has
operations in Europe with manufacturing facilities in Italy and Germany.
Security and Intelligence Services files IPO papers with SEBI
Security and Intelligence Services has filed its draft papers with market regulator SEBI to raise an estimated ̀ 500 crore through an initial public offering. The firm provides security solutions
and business support services to a wide range of customers across India and Australia. The IPO comprises fresh issue of shares worth ̀ 362.25 crore and an offer for sale of up to 65,18,876 by
the existing shareholders, as per Draft Red Herring Prospectus (DRHP). According to sources, the public issue is expected to raise `500 crore. Proceeds of the issue will be utilised towards
repayment of loan, funding working capital requirements and for general corporate purposes. Axis Capital, ICICI Securities, IIFL Holdings, and Kotak Mahindra Capital Company are global
coordinators and book running lead managers to the issue. SBI Capital Markets, IDBI Capital Markets & Securities and Yes Securities (India) Ltd are merchant bankers to the issue.
Yellow Diamond chips maker files for IPO; Faering takes a bite, Sequoia to part-exit
Prataap Snacks Ltd, the maker of Yellow Diamond Chips, has filed its draft red herring prospectus (DRHP) with capital market regulator SEBI for its initial public offering (IPO). The Indore-based
company plans to raise Rs 250 crore through a fresh issue of shares besides an offer for sale by its private equity investor Sequoia Capital. This adds up to around a dozen odd firms that are
waiting in the queue for SEBI's approval to go public. This week, around half dozen firms filed their DRHPs. Additionally, around 16 firms are sitting with a green signal to float their IPO. Prataap
Snacks has also disclosed that it roped in a second private equity investor as a shareholder. Mid-market private equity firm Faering Capital picked 2.93% stake in the company in June through
stake purchase from promoters. It paid around Rs 45 crore for the stake, valuing the company at Rs 1,536 crore.
Genesis Colors files IPO papers to raise up to Rs650 crore
Genesis Colors Pvt. Ltd, which owns luxury brands like Satya Paul and Bwitch, has filed draft papers with markets regulator Sebi to raise an estimated Rs650 crore through an initial public
offering. The IPO comprises fresh issue of shares worth Rs380 crore and offer for sale up to 1,916,741 equity scrips by the existing shareholders, as per the Draft Red Herring Prospectus.
According to people familiar with the matter, the public issue is expected to garner about ̀ 650 crore. Founded in 1998, Genesis Colors is the holding company of well known Indian fashion
brands—Satya Paul and Bwitch. Besides, it holds the marketing and distribution rights in India for several international luxury labels under its arm Genesis Luxury Fashion, according to the
company's website. Genesis Luxury Fashion distributes premium international brands like Jimmy Choo, Armani, Paul Smith and Bottega Veneta. The Genesis Group also has joint ventures
with the British brand Burberry, Italian menswear Canali and Villeroy & Boch of Germany for tableware. The funds raised through the issue would be utilised for purchase of shares of the
company's subsidiary Genesis Luxury Faishon from Splendor Distributions and promoter Sanjay Kapoor and for general corporate purpose. The IPO is being managed by ICICI Securities,
Edelweiss Financial Services and Ambit.
SIS India files draft prospectus for IPO
Security and Intelligence Services India (SIS India) has filed draft prospectus for its upcoming IPO with the Indian capital market regulator Securities Exchange Board of India (SEBI). The
company established in 1974, has nationwide presence in India and Australia. Apart from security services, SIS India offers cash logistics services, facilities management, pest control and
electronic security.The company has plans to raise ̀ 362.25 crore by issuing new shares while existing shareholders will also sell 6,518,876 shares through an offer for sale (OFS). Among the
shareholders participating in SIS India IPO are Theano (3431282 shares), AAJV (68937 shares) while promoters Ravindra Kishore Sinha (17.60 lakh shares) and Rituraj Kishore Sinha (9.2 lakh
shares) will also sell some of their stakes. The IPO will be managed by Axis Capital, Kotak Mahindra Capital, ICICI Securities, IIFL Holdings, Yes Securities, SBI Caps and IDBI Capital Markets while
Link Intime will be the registrar.CX Partners will partly exit through SIS India IPO. Both Theano and AAJV are investment vehicles of CX Partners. SIS India will be the third company in which CX
Partners would be offloading its shareholding in recent times. On the financial front, SIS India's revenue stands at Rs 3851.6 crore in FY16. The company's net profit also has remained at ̀ 7.43
crore in FY16.
GreenSignal Bio Pharma files DRHP for IPO
GreenSignal Bio Pharma Limited (GSBPL), a vaccine manufacturing company, has filed the DRHP with SEBI for its proposed Public Offer through Offer for Sale (OFS). The Company has signed
up with Indian Overseas Bank to be the Global Co-ordinator and Book Running Lead Manager and Bigshare Services Pvt. Ltd. to be the Registrar for the proposed offer. The Offer for Sale would
constitute about 1,45,79,560 shares of face value of ̀ 10/- each at a premium to be decided through the Book Building process and shall be offered by the existing shareholders (38% of the
paid-up capital of GSBPL) to QIBs, HNIs and retail investors in India as well as FIIs, FPIs and NRIs eligible to invest in these securities. GSBPL is one of the four companies worldwide who have
been WHO-prequalified to supply the BCG vaccine to UNICEF. The company manufactures and supplies the Tuberculosis (TB) immunizing vaccines called the BCG (Bacillus Calmette-Guerin)
that are administered to babies to protect them from being infected with severe forms of childhood Tuberculosis (TB). Government of India, Ministry of Health and the UNICEF (United
Nations International Children's Emergency Fund) are the principal clients of GSBPL. The company has a firm order pipeline of 84 lakhs vials to be executed in the next two years. GSBPL also
exports products to 17 countries either directly through UNICEF or indirectly, through supply, distribution and other arrangements.
IPO
1415
IPO NEWS
Company Sector M.Cap(In RsCr.) Issue Size (in RsCr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)
HPL Electric Capital Goods 1172.84 361.00 4-Oct-16 202.00 190.05 182.40 -9.70
ICICI Pru Life Insurance 45449.53 6057.00 29-Sep-16 334.00 329.00 316.65 -5.19
GNA Axles Financial services 549.19 130.00 26-Sep-16 207.00 248.50 255.85 23.60
L&T Technology IT 8498.77 894.00 23-Sep-16 860.00 900.00 835.75 -2.82
RBL Bank Finance 11253.29 832.50 31-Aug-16 225.00 273.70 304.30 35.24
S P Apparels Textile and Apparel Industry 860.98 240.00 2-Aug-16 268.00 305.00 342.10 27.65
Dilip Buildcon Infrastructure 3216.82 654.00 11-Aug-16 219.00 240.00 235.20 7.40
Advance. Enzyme. Chemicals 4006.51 411.00 1-Aug-16 896.00 1210.00 1794.55 100.28
L & T Infotech IT - Software 10427.54 1243.00 21-Jul-16 710.00 666.60 613.95 -13.53
*
IPO TRACKER
*Closing price as on 06-10-2016
®
16
FIXED DEPOSIT MONITOR
• 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]
FIXED DEPOSIT COMPANIES
PERIOD MIN.ADDITIONAL RATE OF INTEREST (%)
S.NO (NBFC COMPANY -NAME)12M 18M 24M 36M 45M 48M 60M 84M INVESTMENT
-1 BAJAJ FINANCE LTD.(UPTO RS. 5 CR.) 8.25 8.25 8.25 8.25 - 8.25 8.25 0.25% FOR SR. CITIZEN, 0.10% FOR DELHI NCR &
EXISTING LOAN CUSTOMER AND ON RENEWAL MUMBAI-75000,
UPTO RS. 1CRORE OTHER-50000/--
2 DEWAN HOUSING FINANCE CORPORATION LTD 13M=8.60% 14M=8.60% 18M=8.60% 0.25% EXTRA FOR SR. CITIZEN,WIDOW, 13M=50000; 40M=8.65%
ARMED, PERSONNEL, EXISTING DHFL HOME 14M=10000;
BORROWERS, 0.25% EXTRA FOR DEPOSIT
50 LAC AND ABOVE
3 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 8.25 - 8.50 8.60 - 8.65 - 8.65 10,000/-
4 GRUH FINANCE LTD. 7.50 13M=7.50 7.75 8.00 - 8.00 8.00 8.00 96-120M=8.00%; 0.25% FOR FEMALE, 1000/-
SR. CITIZEN & TRUST
5 HDFC PREMIUM DEPOSIT FOR INDIVIUAL (UPTO RS. 2 CR.) 15M=8.00 30M=8.00 22M=8.05 44M=8.05 0.25% FOR SR. CITIZEN UPTO RS. 1 CR. 20000/-, 40000/-
IN MONTHLY
- -6 HDFC PREMIUM DEPOSIT FOR TRUST & INSTITUTION (UPTO RS. 10 CR.) 20M=7.95 40M=7.95 - -
7 HDFC LTD FOR INDIVIDUAL & TRUST (UPTO RS.5 CR.) 7.90 - 7.90 7.90 - 7.90 7.90 - 0.25% FOR SR. CITIZEN UPTO RS. 1 CR.
8 HUDCO LTD.(IND & HUF) 7.70 - 7.70 7.70 - 7.70 7.55 7.55 0.25% FOR SR. CITIZEN 10000/-
9 HUDCO LTD.(TRUST/CO/INSTITUTION) 7.50 - 7.50 7.50 - 7.50 7.50 7.50 - 10000/-
10 J K Lakshmi Cement Ltd. 9.00 9.25 9.50 - 25000/-
11 J K Tyre & Industies Ltd. 9.00 9.25 9.50 0.50% add. interest to sr. citizen , employees,shareholders and 25000/-
person investing Rs. 5 lacs and above - max. 0.50%
12 KTDFC (Kerela Transport) 8.50 - 8.50 8.50 - 8.25 8.25 - 0.25% extra for Sr. Citizen, 10000/-
13 LIC HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 8.00 8.00 8.10 8.15 - - 8.25 - 0.25% FOR SR.CITIZEN IF APP ABOVE RS. 50,000/- APP 10000/-
UPTO RS. 50,000/- & 0.10% IF APP upto Rs. 50,000/-
14 M&M FINANCIAL SERVICES LTD (FOR BELOW RS. 1 CRORE) 7.90 8.00 8.00 8.05 - 8.05 8.05 - 0.25% FOR SR. CITIZEN 10000/-
15 Omaxe Ltd. 11.50 - 12.00 12.50 - - - - - 50000/-
16 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 7.90 - 7.90 7.90 - 7.90 7.90 7.90 0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE 20000/-
17 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 15M=8.00 30M=8.05 44M=8.05 0.25% FOR SR. CITIZEN22M=8.05
18 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 8.00 - 8.10 8.25 - 8.45 8.50 - 0.25% FOR SR. CITIZEN 5000/-
19 SHRIRAM CITY UNION SCHEME 8.00 - 8.10 8.25 - 8.45 8.50 - 0.25% FOR SR. CITIZEN 5000/
From 5 Oct'16
(FOR TRUST ONLY) (FOR WOMEN ONLY)
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
DSP BlackRock Balanced Fund - Growth 128.27 27-May-1999 1465.24 11.44 21.64 17.77 24.67 15.82 1.77 0.20 47.78 23.16 2.58 26.48
ICICI Prudential Balanced - Growth 106.55 03-Nov-1999 3344.90 8.10 20.37 15.92 23.52 14.99 1.65 0.14 52.22 17.83 1.15 28.80
Birla Sun Life Balanced 95 - Growth 651.63 10-Feb-1995 3672.36 7.72 18.88 15.68 23.85 21.26 1.65 0.17 42.18 24.03 N.A 33.79
Kotak Balance - Growth 21.34 05-Nov-2014 362.38 8.03 18.31 15.14 N.A 10.22 1.59 0.12 39.48 25.32 1.49 33.71
HDFC Balanced Fund - Growth 124.46 11-Sep-2000 6840.90 8.42 17.97 14.12 26.46 16.98 1.66 0.15 43.05 24.98 1.15 30.82
Mirae Asset Prudence Fund - Reg - G 11.29 29-Jul-2015 272.78 7.43 16.59 13.66 N.A 10.70 1.74 0.10 62.60 4.27 N.A 33.13
HDFC Prudence Fund - Growth 424.66 01-Feb-1994 11412.00 8.34 20.77 12.69 25.67 19.33 2.07 0.09 43.91 17.53 8.97 29.59
Annualised
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. SharpeMaturity (Years) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
ICICI Prudential Dynamic Bond F - Prem Plus - G 18.93 14-Jan-2010 1205.04 49.74 33.57 25.37 17.46 13.55 12.81 9.95 22.18 0.27 7.47 7.63
ICICI Prudential LTP - Growth 19.74 20-Jan-2010 1064.46 58.47 36.79 26.61 19.03 12.89 13.81 10.66 28.42 0.21 9.03 7.20
HDFC Income Fund - Growth 37.31 11-Sep-2000 2824.73 43.67 29.83 22.23 19.74 12.88 11.93 8.53 27.52 0.19 16.77 7.38
ICICI Prudential Income Fund -Growth 51.10 09-Jul-1998 2983.76 61.15 37.47 27.45 19.06 12.47 12.23 9.35 28.74 0.18 11.08 7.48
DHFL Pramerica Medium Term Income F - Reg - G 13.55 06-Mar-2014 774.11 50.17 33.47 23.47 14.96 12.00 N.A 12.44 15.19 0.28 6.18 7.74
Reliance Dynamic Bond Fund - Growth 21.99 15-Nov-2004 4969.99 57.43 33.56 25.71 18.12 11.84 11.33 6.85 25.92 0.19 12.76 7.47
Birla Sun Life Income Plus - DAP 18.35 06-Mar-2009 3165.96 63.01 38.16 27.12 19.09 11.81 11.22 8.33 29.76 0.16 12.91 7.27
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Years) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
HDFC HIF - Dynamic - Growth 56.09 27-Apr-1997 1833.79 46.99 32.99 23.66 18.90 12.61 12.02 9.27 27.45 0.19 13.26 7.44
Birla Sun Life Dynamic Bond Fund - Ret - DAP 20.04 08-Apr-2009 13139.10 40.56 25.32 19.70 18.82 12.97 12.58 9.71 23.90 0.25 19.65 7.85
Kotak Flexi Debt Fund - Reg - Growth 25.14 07-Dec-2004 601.99 52.46 35.36 24.78 15.90 12.05 10.30 8.10 18.21 0.18 7.29 7.86
Birla Sun Life Treasury Optimizer Plan - DAP 188.86 22-Jun-2009 6545.71 43.60 27.55 20.71 14.77 12.01 11.33 9.11 12.87 0.30 6.43 7.63
ICICI Prudential Banking & PSU Debt F - Reg - G 18.21 01-Jan-2010 5407.65 46.65 31.11 22.67 14.23 11.83 10.64 9.26 12.07 0.28 4.75 7.44
HDFC HIF - S T P - Growth 31.80 06-Feb-2002 1657.34 41.50 29.06 21.36 13.63 10.79 10.26 8.20 10.80 0.24 4.83 8.05
Birla Sun Life Short Term Opportunities F - Reg - G 26.54 24-Apr-2003 4396.15 36.13 22.77 17.51 13.06 11.24 10.70 7.52 10.20 0.30 5.56 7.92
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Years) Maturity
1W 2W 1M 3M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Kotak Banking and PSU Debt F - Reg - G 35.79 29-Dec-1998 586.75 37.51 26.01 18.52 15.11 9.98 9.62 7.43 4.62 0.41 3.16 7.50
ICICI Prudential Ultra Short Term Plan - Reg - G 16.21 11-Aug-2009 7597.89 31.95 20.63 14.88 12.85 9.96 9.56 6.98 5.78 0.39 2.27 7.52
Birla Sun Life Floating Rate F - LTP - Reg - G 192.50 24-Mar-2009 3934.38 24.68 19.31 13.38 12.30 9.78 9.60 9.07 4.01 0.51 1.69 7.50
Franklin India Low Duration Fund - G 17.72 26-Jul-2010 2156.42 21.54 16.42 13.47 11.92 9.72 10.03 9.67 4.87 0.49 1.29 9.44
Reliance Medium Term Fund - Growth 33.04 14-Sep-2000 6997.53 22.92 16.02 12.48 11.18 9.21 9.24 7.72 3.90 0.46 1.42 7.83
HDFC Cash Mgmt F - Treasury Advantage - Ret - G 33.33 18-Nov-1999 10134.60 23.87 18.20 13.27 11.15 8.58 8.43 7.38 3.45 0.28 1.24 7.82
IDFC Money Manager - Invest Plan - Plan A - G 24.02 09-Aug-2004 1791.47 23.51 15.52 11.81 11.06 8.95 9.20 7.47 6.36 0.25 1.61 7.56
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
SBI Magnum COMMA Fund - Growth 31.32 08-Aug-2005 218.81 16.36 36.36 37.25 22.68 10.76 2.43 0.89 0.15 65.87 15.75 9.82 8.56
Sundaram Rural India Fund - Reg - G 34.86 12-May-2006 334.42 12.00 34.03 34.59 31.74 12.74 2.21 0.87 0.33 26.19 57.36 9.43 7.02
Birla Sun Life Small & Midcap Fund - G 31.75 31-May-2007 282.73 11.71 30.32 27.97 38.54 13.14 2.29 0.84 0.35 4.03 79.81 6.29 9.87
L&T Emerging Businesses Fund - Reg - G 18.87 12-May-2014 318.76 14.50 34.24 26.45 N.A 30.22 2.37 0.83 0.31 N.A 79.11 16.28 4.61
DSP BlackRock Small and Midcap F - Reg - G 45.44 14-Nov-2006 2242.17 11.68 29.12 25.55 38.70 16.52 2.44 0.89 0.33 13.24 73.61 6.17 6.99
JM Basic Fund - Growth 26.14 02-Jun-1997 161.85 15.86 33.94 25.54 29.73 17.05 2.50 1.01 0.29 83.33 16.11 N.A 0.56
Birla Sun Life Pure Value Fund - G 48.53 27-Mar-2008 536.17 16.55 29.39 25.39 42.49 20.33 2.55 0.94 0.31 14.12 67.43 8.67 9.79
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 06/10/2016Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
Annualised
18
MUTUAL FUND Performance Charts
EQUITY (Diversified)
INCOME FUND
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, Short term funds and Ultra short term funds have been sorted on the basis of 6month and 3month returns respectively
Annualised
®
BALANCED
