WISE M NEY
®WORLD SAVINGS DAY
31ST OCTOBER 2013
`̀
A RUPEE SAVED IS A RUPEE EARNED
SAVE TODAY FOR A BETTER TOMORROW
2013: Issue 394, Week: 28th - 31st OctoberA Weekly Update from SMC(For private circulation only)
Bra
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17
(Saurabh Jain)
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 Tejas Seth
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
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tock markets globally saw some consolidation before U.S. Federal Reserve
Monetary policy review due on 29th and 30th October. It is widely expected Sthat accommodative stance would remain the same and no tapering of
bond purchases would be done. As a matter of fact, the budget deal just done in
U.S. is understood to have shaven off close to 0.5% of GDP and also has led to rise
in unemployment. Most Asian markets retreated as the dollar continued to
weaken amid expectations that the Fed will not dare to alter its stimulus program
when its Monetary Policy Committee meets next week. The sentiment in the
region also took a beating from fears of a liquidity squeeze in China. The dollar
weakness may again give birth to another round easing from Europe to Japan as
these economies cannot afford to let their currency appreciate and dent the
economic recovery that is still at nascent stage.
Indian stock indices made highs but just left a notch short of all time highs. The
risk reversion as a result of delay in bond purchase taper has once again prompted
foreign investors to make a comeback with huge money in Asian markets and
India received a good share of that money. While, on a growth front it is tough to
say that all problems of our economy including current account and fiscal
account crisis have been solved but the gains in the stocks can be attributed to
the huge global liquidity. In the monetary review policy on 29th October, it is
widely expected that Reserve Bank of India (RBI) may choose to hike Repo Rate by
25 bps to 7.75% considering high retail inflation measure by consumer price
inflation at 9.84% for the month of September and headline inflation firming up
for consecutive last four months. RBI also may take pause to further reduce the
operational policy rate i.e. Marginal Standing Facility Rate (MSF) currently at 9%.
On the commodities front, they moved on their own fundamentals. Yellow metals
sparked again owing to poor U.S. payrolls data that gave more confidence that
tapering would be delayed. It witnessed the rise of 70% from December 2008 to
June 2011 as the Fed pumped more than $2 trillion into the financial system to
boost the economy. Fall in dollar index couldn't help industrial metals and energy
counter from falling. Crude was in complete bear grip on smooth supply side and
rise in inventory in US. Edible oil may shine more on festive demand. Expiry of
October contract may add more volatility in the base metals segment. Retail
sales of US, unemployment rate of European Union, consumer price index of US
and EU, interest rate decision by US, Newzeland and Japan, PMI of China are
some of the very important dates and events, which can affect the commodities
prices this week.
From The Desk Of Editor
4
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) S1 & S2 indicate first support & second support respectively & R1 & R2 indicate first resistance and second resistance respectively.
3) 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 S1 R1 S2 R2 Cl.
Price Trend Trend S/l
Changed Changed
SENSEX 20725 UP 12.09.13 19317 19900 19500 19200
S&P NIFTY 6164 UP 12.09.13 5728 5850 5750 5700
CNX IT 8682 UP 18.07.13 7306 8400 8200 7900
CNX BANK 10902 UP 19.09.13 11149 10400 10000 9800
ACC 1154 UP 19.09.13 1098 1100 1080 1050
BHARTIAIRTEL 350 UP 12.09.13 329 330 320 315
BHEL 140 UP 05.09.13 138 135 130 125
CIPLA 420 UP 18.07.13 413 420 410 400
DLF 159 DOWN 26.09.13 136 150 160 165
HINDALCO 115 UP 29.08.13 107 105 100 98
ICICI BANK 1021 UP 12.09.13 951 970 950 920
INFOSYS 3309 UP 18.07.13 2800 3150 3050 3000
ITC 343 UP 19.09.13 355 340 330 320
L&T 966 UP 19.09.13 888 880 850 830
MARUTI 1514 UP 19.09.13 1480 1440 1410 1380
NTPC 143 UP 26.09.13 150 145 140 135
ONGC 284 DOWN 03.10.13 267 278 285 290
RELIANCE 885 UP 12.09.13 875 850 840 830
TATASTEEL 332 UP 22.08.13 274 310 295 280
NEWS
EX DATE SYMBOL PURPOSE28-OCT-13 HINDZINC INTERIM DIVIDEND RS.1.60 PER SHARE30-OCT-13 TVSMOTOR INTERIM DIVIDEND31-OCT-13 HINDUNILVR INTERIM DIVIDEND31-OCT-13 IFCI DIVIDEND RE 1/- PER SHARE5-NOV-13 DABUR INTERIM DIVIDEND6-NOV-13 COLPAL FIRST INTERIM DIVIDEND
MEETING DATE SYMBOL PURPOSE
28-OCT-13 SYNDIBANK RESULTS28-OCT-13 MARUTI RESULTS28-OCT-13 DABUR RESULTS/DIVIDEND29-OCT-13 RANBAXY RESULTS29-OCT-13 MRPL RESULTS29-OCT-13 MARICO RESULTS/DIVIDEND29-OCT-13 NTPC RESULTS30-OCT-13 SUZLON RESULTS30-OCT-13 LUPIN RESULTS30-OCT-13 JINDALSTEL RESULTS/OTHERS30-OCT-13 BHARTIARTL RESULTS30-OCT-13 GRASIM RESULTS30-OCT-13 DLF RESULTS31-OCT-13 IDFC RESULTS6-NOV-13 ABB RESULTS6-NOV-13 GNFC RESULTS6-NOV-13 ASHOKLEY RESULTS7-NOV-13 TATACOFFEE RESULTS7-NOV-13 CHENNPETRO RESULTS7-NOV-13 AUROPHARMA RESULTS8-NOV-13 PFC RESULTS8-NOV-13 IOC RESULTS8-NOV-13 CHAMBLFERT RESULTS
FORTHCOMING EVENTS
DOMESTIC NEWS
Pharmaceuticals
• Lupin has received final approval for marketing additional strengths of
cholesterol-lowering drug Antara capsules in the American market.
• Ranbaxy Laboratories has received Indian drug regulator's approval to
market SynriamTM for treating malaria caused by Plasmodium vivax
parasite.
• Unichem Laboratories has received approval from the US health regulator
USFDA for its generic amlodipine besylate tablets used for treating
hypertension and coronary artery disease.
Automobile
• Hero MotoCorp, the country's largest two-wheeler maker, will commence
production at its Rajasthan-based green field plant in the final quarter of
this year. The company will invest ̀ 550 crore in setting up this plant and a
new Global Parts Centre (GPC) both in Neemrana.
Metal
• Tata Steel, Europe's second-largest steel producer, has won a new
contract to supply Britain's Network Rail with more than 95 percent of its
rails for at least five years.
Realty & Infra
• DLF has given a contract worth `1,337 crore to L&T Construction for
building its luxury residential project 'The Crest' in Gurgaon.
Capital Goods
• Alstom T&D India has won the bid to supply power transformers to
Nabinagar Power Generating Company Limited's super thermal power
project in Bihar. This order, worth approximately `105 crore covers the
design, engineering, manufacture, supply, testing, erection and
commissioning of generator transformers and associated power
transformers and shunt reactor.
Construction
• Sadbhav Engineering has emerged as the lowest bidder (L1) for a project
of Bharat Coking Coal Ltd, a subsidiary of Coal India, with the contract
valued at ̀ 263.64 crore.
• Pratibha Industries has secured an order worth `321.88 crore from
Rajasthan government for working on water supply projects.
INTERNATIONAL NEWS
• US import prices rose by 0.2 percent in September, matching the revised
increase reported for August as well as economist estimates. Export prices
rose by 0.3 percent in September after falling by 0.5 percent in the
previous month. Economists had expected export prices to edge down by
0.1 percent.
• US construction spending rose 0.6 percent to a seasonally adjusted annual
rate of $915.1 billion in August from the revised July estimate of $909.4
billion. Economists had expected spending to increase by about 0.4
percent.
• US non-farm payroll employment increased by 148,000 jobs in September
compared to economist estimates for an increase of about 180,000 jobs.
• US existing home sales fell 1.9 percent to a seasonally adjusted annual
rate of 5.29 million in September from a downwardly revised 5.39 million
in August.
• US initial jobless claims dropped to 350,000, a decrease of 12,000 from
the previous week's revised figure of 362,000. Economists had expected
claims to fall to 340,000 from the 358,000 originally reported for the
previous week.
• US trade deficit ticked up to $38.8 billion in August from a revised $38.6
billion in July. Economists had expected the deficit to widen to $40.0
billion from the $39.1 billion originally reported for the previous month.
• Core consumer prices in Japan climbed 0.7 percent on year in September -
in line with forecasts and down from 0.8 percent in August. Overall
inflation was up 1.1 percent on year, versus expectations for 0.9 percent,
which would have been unchanged from the previous month.
*Stock price has been adjusted according to the Bonus ratio 1:2
®
5
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
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
ITMetal
Down SidewaysUp
SMC Trend
Nifty BSE Midcap Nifty JuniorSensex BSE Smallcap S&P CNX 500
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
®
1723.50
1001.60
799.90645.70
-162.90
-391.50
-217.40-97.80
-500.00
0.00
500.00
1000.00
1500.00
2000.00
Friday Monday Tuesday Wednesday Thursday
FII Activity MF Activity
-0.40
-0.75
1.71
2.01
1.63
0.13
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
2.50
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Junior S&P CNX 500
0.05
1.69
7.16
-1.00 -0.99
-2.71
-0.91
0.19
0.760.38
0.10
-4.00
-2.00
0.00
2.00
4.00
6.00
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
0.38
0.71
0.43
0.78
1.37
-0.52
-2.16
-1.34
-0.24
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.
FTSE 100 CAC 40
10.73
8.87
7.81 7.587.11
-7.02
-5.61 -5.28 -5.14-4.35
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
Larsen & Toubro
I D F C Bank of Baroda
GAIL (India) Asian Paints Wipro Jindal Steel TCS B H E L HCL Technologies
10.57
7.64
3.21 3.12
1.66
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
Larsen & Toubro
GAIL (India) St Bk of India Maruti Suzuki
Sesa Sterlite
-7.03
-5.75-5.27 -5.27
-3.26
Wipro Jindal Steel TCS B H E L Bajaj Auto
Beat the street - Fundamental Analysis
6
® Above calls are recommended with a time horizon of 1 year. Source: Company Website Reuters Capitaline
Face Value (`) 1.00
52 Week High/Low 30.65/18.95
M.Cap (` Cr.) 2836.00
EPS (`) 3.90
P/E Ratio (times) 5.42
P/B Ratio (times) 0.99
Stock Exchange BSE
` in cr
Particular Mar 2013 Mar 2014 Mar 2015
Net total income1,615.76 1,862.01 2,190.70
Pre-Tax Profit 655.86 745.34 918.42
Net Profit 502.27 528.67 634.84
EPS 3.99 4.03 4.81
BVPS 22.46 25.20 29.11
ROE 20.63 16.77 17.53
(E) (E)
SOUTH INDIAN BANK LIMITED
% OF SHARE HOLDING
Investment Rationale 53.5% at September 2013 compared to 57.9% a quarter ago. The PCR was higher compared to •Bank has added 22 new branches and 42 ATMs in 51.2% at end September 2012. the quarter ended September 2013 taking the
•Capital Adequacy ratio under Basel II stood at network strength to 775 branches and 878 ATMs, 13.16% with Tier I of 11.40% at end September while it proposes to add 25 branches and 122 2013 compared with 14.43% with Tier I of 12.32% ATMs in the second half of FY2014. Bank target at end September 2012. network of 800 branches and 1000 ATMs by the
end March 2014. Valuation•Business of the bank grew 13% YoY to `75610 The reduction in bulk deposits and rising share of NRI
crore in the quarter ended September 2013, and CASA deposits helped bank to improve showing moderation in growth from 16% growth at cumulative margins. New branch addition would end June 2013. The advances grew by 12% at further help in more business growth going forward. `32132 crore while deposits grew by 13% at Moreover the bank does not expect major slippages of `43478 crore. advances to NPA category, while it is planning
•Bank has reduced bulk deposits sharply from over aggressive actions targeting for substantial `12000 crore at end March 2013 to ̀ 10000 crore at recoveries in H2FY2014. We expect the stock to see a end June 2013 and ̀ 7725 crore at end September price target of `30 in one year time frame on a one 2013. Accordingly, the share of bulk deposits in year average P/B of 1.04x and FY15 (E) book value per total deposits has dipped from 28% at end March share of ̀ 29.11.2013 to 23% at end June 2013 and 17.8% at end September 2013.
•Net Interest Margin (NIM) of the bank improved 13 bps on sequential basis to 3.06% in Q2 of FY2014 from 2.93% in Q1 of FY2014. The steady yield on advances and lower cost of deposits, helped to improve the margins in the quarter ended September 2013. Bank expects to maintain NIM above 3% in FY2014.
•Bank has witnessed further improvement in CASA ratio to 21.3% at end September 2013 from 20.6% at end June 2013 and 20.0% at end September 2012.
•The Provision Coverage Ratio (PCR) dipped to
P/E Chart
SOUTH INDIAN BANK LIMITED CMP: 21.15 Upside: 43%Target Price: 30
KAJARIA CERAMICS LIMITED CMP: 239.35 Upside: 17%Target Price: 279
Face Value (`) 2.00
52 Week High/Low 261.40/174.00
M.Cap (` Cr.) 1761.62
EPS (`) 14.18
P/E Ratio (times) 16.88
P/B Ratio (times) 4.94
Dividend Yield (%) 1.25
Stock Exchange BSE
VALUE PARAMETERS
% OF SHARE HOLDING
Investment Rationale network to 660 dealers and 5,000 smaller sub-dealers. Today, it has a strong presence in the north, •Kajaria Ceramics is the largest manufacturer of which contributes 42% to revenues; the south ceramic/vitrified tiles in India. It has an annual contributes 29% and the balance comes from the aggregate capacity of 43.60 mn. sq. meters, west and east zones.distributed across seven plants-Sikandrabad in
Uttar Pradesh, Gailpur in Rajasthan, four plants in •Net profit of the company rose 8.1% to ̀ 22.99 crore Morbi in Gujarat and one at Vijayawada in Andhra in the quarter ended June 2013 as against `22.19 Pradesh. crore during the previous quarter ended June 2012.
Sales rose 22.6% to `432.63 crore in the quarter •Company expects the ceramic tiles business to ended June 2013 as against `352.87 crore during grow by 15% CAGR over the next 2 years, while the
polished vitrified tiles (PVT) and GVT to grow at the previous quarter ended June 2012.CAGR of 20-22%. Valuation
•The company has approved investment upto 64% of The company has leveraged its long standing the equity in M/s Kajaria Sanitaryware Pvt Ltd, which presence in the tile market and its strong distribution is commissioning a plant for production of 7 lacs pcs network to deliver strong growth in the past few years. p.a. of sanitaryware at Morbi (Gujarat). The plant is We expect the stock to see a price target of ̀ 279 in one expected to be operational in Q4 FY14. year time frame, based on estimated FY15E EPS of 17
•The company has approved conversion/ on one year average P/Ex of 16.44.modernisation of Polished Vitrified Tile unit having capacity of 2 million sqr mtr p.a. into Glazed Vitrified Tile with a capacity of 3.4 million sqr mtr p.a. at Sikandrabad plant. The conversion/modernisation is expected to be completed in Q4 FY14.
•WestBridge Crossover Fund will increase its stake in the company from 7.8% to 14.6%. The company will also look to increase its FII holding limit to 40%. The company will receive `150 crore — leading to around 8% equity dilution — which will primarily be used for funding capex in FY14-15.
•Over the past decade, the company has doubled its
` in cr
Particular Mar 2013 2014(E) 2015
Revenue 1,587.11 1,905.19 2,193.75
EBITDA 221.48 275.87 321.16
EBIT 183.12 251.45 297.44
Pre-Tax Profit 148.03 167.54 186.79
Net Profit 100.54 111.96 125.15
EPS 13.66 15.21 17.00
BVPS 48.49 63.20 80.68
ROE 32.43 28.35 27.13
Mar Mar (E)
P/BV Chart
19.733.08
8.58
53.51
15.11
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
47.03
12.536.83
33.61
Foreign
Institutions
Non Promoter Corporate Holding
Public & Others
Charts by Spider Software India Ltd
7
The stock closed at 670.00 on 25th October 2013. It made a 52-week low at 528
on 28th August 2013 and a 52-week high at `727.30 on 30th May 2013. The 200
days Exponential Moving Average (EMA) of the stock on the weekly chart is
currently at ̀ 524.16.
It has formed Inverted head and shoulder on the charts and upside is anticipated in the near term. One can Buy in the range of 660-662 levels with closing below stop loss of 643 levels for the target of 690-700 levels.
` `
EQUITY
Above calls are recommended with a time horizon of 1-2 months
The stock closed at 282.90 on 25th October 2013. It made a 52-week low at
`237.70 on 22nd August 2013 and a 52-week high at `386.45 on 22nd February
2013. The 200 days Exponential Moving Average (EMA) of the stock on the weekly
chart is currently at ̀ 256.96.
It has formed double bottom at lower levels and managed to sustain at higher levels last week despite weakness in major index on the weekly basis. One can Buy in the range of 279-280 levels with closing below stop loss of 273 levels for the target of 295-300 levels.
`
The stock closed at 84.35 on 25th October 2013. It made a 52-week low at
`62.50 on 04th September 2013 and a 52-week high of `119 on 05th November
2012. The 200 days Exponential Moving Average (EMA) of the stock on the weekly
chart is currently at ̀ 113.14.
It has formed higher highs and higher lows at bottom levels, which signifies its
strength. It is anticipated that it may give a sharp spurt in the coming days with
volumes. One can Buy in the range of 83-84 levels with closing below stop loss of
79 levels for the target of 93-95 levels.
`
HDFC BANK LIMITED
VOLTAS LIMITED
MCLEOD RUSSEL INDIA LIMITED
®
DERIVATIVES
BASIS GAP IN NIFTY
Last week Nifty was range bound in comparison with the recent past, as Nifty traded in the narrow range of 135 points, with weekly high of 6252 and 6116 as
weekly low. Markets remained stock specific and mid cap and small stocks outperformed the large cap stocks. This range bound movement may get directional
trigger after RBI policy announcement on 29 October. However the 6250 level will remain crucial resistance for bulls, and close above 6250 will lead Nifty to new
high. On the other hand, the index has strong support at 6000 levels. Nifty is expected to remain in the range of 6000-6300 levels this week with slightly negative
bias. The options concentration continues to be at 6000-strike put option with an open interest of above 50 lakhs shares. Among the call options, the 6300-strike
holds the highest open interest of above 55 lakh shares followed by the 6200-strike call with above 50 lakh shares. Above discussed option data indicates put
writing at 6000 strikes and call writing at 6200 and 6300 strike. The put-call ratio of open interest marginally increased closing at 1.50 levels. The Implied
Volatility (IV) of call options closed lower 19.22% while the average IV of put options ended at 20.78%. Nifty VIX is trading flat and it is likely to rise in coming
week. The Nifty index may find intermediate support around 6080 levels and resistance near 6200 levels.
WEEKLY VIEW OF THE MARKET
NIFTY TOTAL OPEN INTEREST (in share)
FIIs ACTIVITY IN INDEX FUTURE (F&O) IN LAST WEEK
(Derivative segment)
®
FIIs ACTIVITY IN F&O IN LAST TEN SESSIONS
(Derivative segment) `(Cr)
MCLEODRUSS (OCT FUTURE)
Buy: Above `284
Target: `289
Stop loss: `281
M&MBuy OCT. 860 PUT 8.00Buy OCT. 840 PUT 3.00
Lot size: 250BEP: 855.00Max. Profit: 3750.00 (15.00*250)Max. Loss: 1250.00 (5.00*250)
OPTIONSTRATEGY
FUTURESTRATEGY
TITANBuy OCT. 250. CALL 4.00Sell OCT. 260. CALL 1.50
Lot size: 1000BEP: 252.50Max. Profit: 7500.00 (7.50*1000)Max. Loss: 2500.00 ( 2.50*1000)
HINDPETRO (OCT FUTURE)
Sell: `191
Target: `184
Stop loss: `195
Below
DABURBuy OCT. 185. CALL 2.70Sell OCT. 190. CALL 1.00
Lot size: 2000BEP: 186.70Max. Profit: 6600.00 (3.30*2000)Max. Loss: 3400.00 ( 1.70*2000)
BULLISH STRATEGY
DERIVATIVE STRATEGIES
TATACOMM (OCT FUTURE)
Sell: Below `222
Target: `217
Stop loss: `225
BEARISH STRATEGY
540500691750
542650815600
1171700
15275002118700
2667400
4579050
6002500
4109000
2790050
4023300
3617550
4722800 4583450 4783000
5744550
5072650
3103700
1025700
164500
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
5400 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400
Call Put
0
5
10
15
20
25
30
35
40
45
09-Oct 10-Oct 11-Oct 14-Oct 15-OCt 17-Oct 18-Oct 21-Oct 22-Oct 23-oCT 24-Oct
BUY91.0%
SELL9.0%
871.39
431.60
-851.72
743.70
-1591.45
-188.49
-953.45-881.24
692.66
-693.67
-2000.00
-1500.00
-1000.00
-500.00
0.00
500.00
1000.00
10-Oct 11-Oct 14-Oct 15-Oct 17-Oct 18-OCt 21-Oct 22-Oct 23-Oct 24-Oct
8
9
BHARTIARTL 7612000 6696000 -12.03 0.99 0.87 -0.12 34.07 36.46 2.39
DLF 21469000 20514000 -4.45 0.89 0.93 0.04 65.53 61.11 -4.42
HINDALCO 23312000 23228000 -0.36 0.77 0.75 -0.02 41.32 43.42 2.10
HINDUNILVR 6560500 5644000 -13.97 0.56 0.51 -0.05 28.60 30.80 2.20
ICICIBANK 8692750 8040500 -7.50 0.91 0.72 -0.19 41.90 38.55 -3.35
IDEA 8582000 9294000 8.30 1.04 0.68 -0.36 39.99 41.53 1.54
INFY 2738500 2519000 -8.02 1.45 1.34 -0.11 22.13 20.93 -1.20
ITC 20799000 18992000 -8.69 0.73 0.52 -0.21 31.85 28.29 -3.56
JPASSOCIAT 49816000 48740000 -2.16 1.05 1.07 0.02 62.44 59.87 -2.57
NTPC 10180000 10128000 -0.51 0.49 0.44 -0.05 31.36 27.71 -3.65
ONGC 9757000 9086000 -6.88 0.44 0.48 0.04 34.34 34.93 0.59
RANBAXY 9240500 7255000 -21.49 0.39 0.53 0.14 84.99 63.66 -21.33
RCOM 27720000 29540000 6.57 0.43 0.38 -0.05 49.09 56.53 7.44
RELIANCE 8595000 7705000 -10.35 0.96 0.67 -0.29 25.29 25.49 0.20
NIFTY 18814800 17235350 -8.39 1.56 1.50 -0.06 18.22 19.22 1.00
SAIL 15504000 16896000 8.98 0.91 1.09 0.18 42.97 39.48 -3.49
SBIN 6114000 6060000 -0.88 0.52 0.60 0.08 36.15 42.19 6.04
TATASTEEL 17573000 15127000 -13.92 1.11 1.05 -0.06 44.23 39.53 -4.70
UNITECH 93728000 86952000 -7.23 0.49 0.31 -0.18 60.85 73.50 12.65
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 1.50 from 1.56. 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 19.22% from 18.22%. The IV of the stock futures has changed this
week ranging from -21.33% to 12.65%.
Open Interest Analysis : The open interest for the index at the end of this week
has decreased by 8.39% as compared to the previous week. All future stocks saw
changes in their open interest ranging from -21.49% to 8.98%. RANBAXY has the
maximum decrease in open interest as compared to other stocks.
Statistical Analysis·
Open 6090.00 High 6267.75
Low 6088.25 Close 6173.80
NIFTY & IV CHART NIFTY ANALYSIS
®
17
18
19
20
21
6000
6100
6200
6300
18-Oct 21-Oct 22-Oct 23-Oct 24-Oct
Nifty Close IV
10
®
Bullion counter is expected to remain choppy as investors will eye the outcome of Oct. 29-30 Federal Open Market Committee meeting to get clue about winding of stimulus measures. Recently decline in greenback has supported the prices. On the domestic bourses movement in local currency will give its direction further which can hover in range of 60-63. Gold may trade in range of $1300-1430 in COMEX and 30000-32000 in MCX. White metal silver can hover in range of 48500-52000.Recently the strong demand from China is making up for some of the slack demand from India. Battling a huge trade deficit and a weak currency, Indian government has taken various steps this year to make it harder and more expensive for Indians to get hold of gold, the biggest item on the country's import bill after oil. But gold demand in physical market is still present ahead of auspicious occasion of Diwali. Gold premiums in India have recently soared as consumers compete to get their hands on a more limited supply. Meanwhile industrial demand growth for silver continues to be challenged, not only due to substitution but also due to the volatility of silver prices resulting in reducing the intensity of use in applications. Supply growth in Silver is forecasted to outpace industrial and consumer demand growth over the medium term and cost curve is not expected to provide price support due to the fact that two thirds of global mine supply is by product.
BULLIONS
Crude oil prices may remain subdued as some short covering can be seen and investors will gauge the outcome of Fed meeting this week. Recently seasonal maintenance in US has also reduced the oil demand for refineries, which has capped the upside in crude oil. US refineries fed crude to distillation units at a rate of 15.3m barrels per day last week, down 148,000 b/d from the previous week and sharply below the furious pace of early summer. Overall crude oil can move in range of 5800-6250 in MCX and $95-102 in NYMEX. U.S. crude oil inventories rose by 5.2 million barrels last week, the fifth-largest build of the year, with stocks at the Cushing hub rising for the second week in a row. Natural gas may remain sideways in range of 210-240. According to EIA, US natural gas inventory increased more than expectations by 87 billion cubic feet (bcf) which stood at 3.741trillion cubic feet for the week ending on 18th October 2013. MDA Weather Services stated that current Midwest temperatures are the lowest since spring. But it projects that conditions in the next six to 10 days won't be as cold as previously thought, and hence will reduce demand. The outlook for the next six to 10 days shows "not a warm map by any stretch for much of the Plains and upper Midwest”. Stronger gas heating demand in the current cold snap could limit the size of inventory increases in coming weeks as the start of the heating season draws near.
ENERGY COMPLEX
Base metals complex may continue to remain sideways with upside bias as weaker greenback and recovery in China PMI and GDP figures are supporting the prices. Strong new orders drove the fastest expansion in China's manufacturing sector in seven months in October. Recently China Markit/HSBC Purchasing Managers Index (PMI) stood at 50.9 in October, above September's final reading of 50.2 and marking a seven-month high. In the first nine months of the year, the $8.5 trillion economy in China grew 7.7 percent from a year earlier, putting it on track to achieve Beijing's 2013 target of 7.5 percent, which would be the weakest growth in 23 years. Red metal copper can trade in range of 420-455. According to International Copper Study Group “global copper market showed a 151,000 tonne deficit in July, mostly due to demand for refined copper from China, the world's leading consumer of the metal”. Zinc prices can hover in range of 113-120 in MCX. Nickel prices can trade in the range of 880-935 in MCX. Nickel metal is supported by the cues that Indonesia would continue its earlier deadline i.e. January 1, 2014 for the ban on metal's ore export. Battery metal lead can move in range of 128-136. Aluminum may trade in a range bound manner in range of 109-115. Global aluminium production rose by an annualised 454,000 tonnes to 46.93 million tonnes in September, according International Aluminium Institute (IAI).
BASE METALS
Jeera futures (Dec) may slide towards 12400 levels on the back of favourable sowing conditions in major producing states along with strong arrivals in Unjha mandi. The total sowing acreage is likely to increase by 10-12% in the current year as strong sowing is likely in the areas of Gujarat and Rajasthan. Chilli futures (Dec) is expected to witness an extended rally surpassing 6650 levels. Factors such as strong exporters demand along with possibility of some crop damage in Madhya Pradesh may add to the upside. It is being reported that heavy rainfall during the last couple of weeks damaged the chilli crop around 20- 25%. In the current scenario, export demand is being noticed from Sri Lanka and Bangladesh. The export prices of chilli Teja quality were also trading higher at $ 223 per tonne at Kandla port. Turmeric futures (Nov) is expected to trade in the range of 4500-5000 levels, with upside being getting capped. Higher carry forward stocks available in the domestic market and hopes of higher output this season are keeping buyers away from fresh buying. The total carryover stocks of turmeric in major mandies were reported higher at 65 lakh bags as on 11th October 2013, up almost 11 lakh bags from the last year in the same period. The downside in Cardamom futures are likely to persist due to ongoing harvesting season. This season the production is expected around 20,000 tonnes in 2013–14 year, which may increase till the last picking activity (March – April), if weather condition remain favourable for the capsules.
SPICES
OTHER COMMODITIES
Sugar futures are seen to trade with a negative bias pressurized by selling pressure from the producers. Ample sugar stock with millers and the start of new season with restricted export opportunity remains unsupportive for sugar market fundamental. Chana futures (Nov) will perhaps witness a consolidation in the range of 2970-3150 levels. At the spot market, the arrivals are outstripping demand, as stockists are releasing their inventories in the domestic market ahead of sowing progress in the current Rabi season. Slack demand and buying support have also dragged chana both in the domestic and export market. Mentha oil futures (Nov) is likely to trade with a bearish bias & remain below 875 levels. Factors such as strong carryover stocks in major mandies, sluggish demand by user industries and comfortable stock position around 45-50 thousand tonnes against the average annual domestic demand of 32-33 thousand tonnes, may keep a lid over any short covering. Kapas futures (Apr) will further drop towards 950 levels. The spot markets are noticing remarkable arrivals of new crops. According to Indian Cotton Federation, Gujarat is expected to top with 125 lakh bales (170 kg each), followed by Maharashtra and Andhra Pradesh with 75 lakh bales each. Meanwhile, the Cotton Association of India (CAI) estimated that the cotton crop for the season 2013-14, that began this month, is expected at 381 lakh bales. Guar seed futures (Dec) is expected to consolidate in the range of 4500-5150 levels. As higher arrivals are round the corner, stockist and millers are away from fresh buying, as the counter may fall further.
Mustard futures (Nov) is likely to test 3800 levels taking positive cues from the spot markets. The counter in northern Rajasthan state including state capital Jaipur depicted an upward trend. In Jaipur and Kota, prices spurted on stockists' buying. Prices also moved up in Alwar, Bharatpur and Kherli markets on higher demand from upcountry markets. Moreover, the start of lean season and improved winter seasonal demand for mustard oils will continue to lend strong support to the counter. Refined soy oil futures (Nov) will possibly maintain the upside bias, pushed by rally in soybean prices & rising demand ahead of the Diwali festival. The counter is expected to rise towards 745 levels. Soybean futures (Nov) might continue to witness a bull run, seen heading towards 3900 levels. There are reports that excess rains could reduce the soyabean crop for 2013-14 to around 10.2-10.3 million tonnes. It is being cited that heavy rains have damaged the crop in Madhya Pradesh and Maharashtra both in terms of quality and quantity. Worries on the standing crop in Madhya Pradesh and Gujarat have boosted the sentiments in last few days. In the international market, U.S soybean prices may continue to remain stable taking support above 1290 levels. The latest statistics from U.S Dept. of Agriculture shows that farmers gathered 63% of soybeans in the main growing areas as of Oct. 20, below the five-year average. CPO futures (Nov) will possibly move further upside towards 550 levels, pushed by seasonal demand & on optimisms persisting in oilseeds complex.
OIL AND OILSEEDS
Closing as on 24.10.2013
11
NOTES : 1) Buy / Sell 25% of Commodity at S1/R1 respectively & rest 75% at S2/R2 respectively.2) S1 & S2 indicate first support & second support & R1 & R 2 indicate first resistance & second resistance. 3) 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.4) 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.
TECHNICAL RECOMMENDATIONS
EXCHANGE CONTRACT CLOSING DATE TREND
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN (NOV) 3740.50 10.10.13 UP 3681.00 3400.00 - 3200.00 - 3000.00
NCDEX JEERA (NOV) 12612.50 03.10.13 DOWN 12607.00 - 14100.00 15000.00 15800.00
NCDEX RED CHILLI (NOV) 6548.00 10.10.13 UP 6074.00 5500.00 - 5000.00 - 4500.00
NCDEX RM SEEDS (NOV) 3696.00 10.10.13 SIDEWAYS
MCX MENTHA OIL (NOV) 851.10 10.10.13 DOWN 841.50 - 960.00 1020.00 1080.00
MCX CARDAMOM (NOV) 733.50 28.02.13 DOWN 965.00 - 800.00 830.00 860.00
MCX SILVER (DEC) 50107.00 26.09.13 DOWN 48639.00 - 52000.00 55000.00 58000.00
MCX GOLD (DEC ) 30235.00 26.09.13 DOWN 29865.00 - 30700.00 31500.00 32000.00
MCX COPPER (NOV) 446.65 12.09.13 DOWN 459.25 - 460.00 - 480.00 490.00
MCX LEAD (NOV ) 134.35 24.10.13 SIDEWAYS
MCX ZINC (NOV ) 118.85 12.09.13 DOWN 118.20 - 120.00 - 125.00 128.00
MCX NICKEL(NOV ) 907.10 12.09.13 DOWN 879.20 - 920.00 - 950.00 980.00
MCX ALUMINUM (NOV ) 113.70 26.09.13 DOWN 111.65 - 115.00 - 120.00 125.00
MCX CRUDE OIL (NOV) 5996.00 26.09.13 DOWN 6415.00 - 6300.00 - 6500.00 6650.00
MCX NATURAL GAS (NOV ) 231.80 17.10.13 SIDEWAYS
TREND RATE TREND S1 R1 S2 R2 CLOSING
*
TREND SHEET
COMMODITY
GOLD MCX (DECEMBER) contract closed at 30562.00 on 24th October '13. The contract made its high of
`34975.00 on 28th August '13 and a low of ̀ 27282.00 on 7th August '13. The 18-day Exponential Moving
Average of the commodity is currently at ̀ 29770. On the daily chart, the commodity has Relative Strength Index (14-day) value of 58. One can buy in the
range 30300-30200 with the stop loss of ̀ 30050 for a target of ̀ 30850.
`
RMSEED NCDEX (DECEMBER) contract closed at 3765.00 on 24th October '13. The contract made its
high of `3814.00 on 24th October '13 and a low of `3551.00 on 23rd September '13.The 18-day
Exponential Moving Average of the Commodity is currently at ̀ 3710.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 64.One can buy in the
range 3750-3730 with the stop loss of ̀ 3700 for target of ̀ 3850.
`
SOYABEAN NCDEX (NOVEMBER) contract closed at 3740.5 on 24th October '13. The contract made its
high of `3824.00 on 24th October '13 and a low of `3390.00 on 21st September '13.The 18-day
Exponential Moving Average of the Commodity is currently at ̀ 3612.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 66. One can buy in the
range 3720-3700 with the stop loss of ̀ 3675 for a target of`3850.
`
®
GOLD MCX (DECEMBER)
RMSEED NCDEX (DECEMBER)
SOYABEAN NCDEX (NOVEMBER)
COMMODITY
NEWS DIGEST
Commodities moved more on their own fundamentals in the week gone by. Bullion counter rally
sparked taking support from lower buying together with fall in dollar index, which was two-year
low as against the euro, boosting demand for precious metals as an alternate investment. Gold
edged up after tracking downside in oil also, which is hovering near a four-week high, on hopes
that the Federal Reserve will extend its bullion-friendly stimulus efforts. Jobs data of US was
below expectation in September and this proved bullish for bullion counter but bearish for
industrial metals and energy counter. In MCX, gold closed above the strong level of 30500 while
silver closed up above the level of 50000. Crude prices cooled off to multi week low on rise in
supply side and US oil inventories as well. U.S. crude oil inventories rose by 5.2 million barrels last
week, the fifth-largest build of the year, with stocks at the Cushing hub rising for the second week
in a row, as per EIA. Combination of horizontal drilling and hydraulic fracturing, or fracking, has
unlocked supplies in shale formations in North Dakota, Texas and other states is raising the supply
side in US. Sharp fall in natural gas attributed to mild weather in US, which dampened the demand
for natural gas. Base metals behaved in different way, tracking their own fundamentals'. Nickel
outperformed other metals. It showed magical upside, highest since mid-August amid concern
that ore exports will be halted next year from Indonesia, the top producer. Copper futures fell the
most in 12 weeks after the data showed employers in the U.S. hired fewer workers last month
than estimated by economists.
Mixed performance was there in spices complex. Steady to firm sentiment witnessed in red chilli
futures. Turmeric prices saw marginal gain despite higher carry forward stocks available in the
domestic market. Smooth arrivals coupled with higher carryforward stocks attributed to the
selling pressure in jeera futures. Soybeans extended gains and corn climbed on speculation that
demand is improving as U.S. farmers withhold newly harvested supplies. Spot market of guar
traded mixed amid normal trading activities and major buyers are unwilling to buy at current
level. Market is expecting around 40% increase in production over last year. Ample of sugar stock
with millers and the start of new season with restricted export opportunity were remaining
unsupportive for the sugar futures last week.
WEEKLY COMMENTARY
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
COMMODITY UNIT 15.10.13 23.10.13 DIFFERENCEQTY.
BARLEY MT 15640 12512 -3128
CASTOR SEED MT 76046 75933 -113
CHANA MT 72898 69000 -3898
CHILLI MT 1461 682 -779
COTTONSEED OILCAKE MT 0 0 0
JEERA MT 2956 2521 -435
MAIZE MT 1010 2104 1094
RAPE MUSTARD SEED MT 27256 26313 -943
SOYA BEAN SEEDS MT 0 0 0
SUGAR M MT 1699 1878 179
WHEAT MT 7454 4599 -2855
COMMODITY UNIT 17.10.13 24.10.13 DIFFERENCE
QTY. QTY.
CARDAMOM MT 72.50 74.90 2.40
KAPASIA KHALLI BALES 0.00 0.00 0.00
GOLD KGS 155.00 152.00 -3.00
GOLD MINI KGS 16.70 16.70 0.00
GOLD GUINEA KGS 13.42 11.10 -2.33
MENTHA OIL KGS 2606545.15 2608706.75 2161.60
MILD STEEL MT 584.43 584.43 0.00
SILVER (30 KG Bar) KGS 12660.57 13509.80 849.23
•Global crude steel production rose 6.1 percent in
September 2013 from a year earlier.
•China will retain a ban on overseas commodity
exchanges setting up warehouses in its country.
•India's third biggest gold fund of Reliance will begin
accepting fresh investments again after shutting off
new buy-ins three months ago to support government
efforts to curb bullion demand and control a rising
trade deficit.
•Recently shortage of the Gold sent Indian gold
premiums to more than $120 an ounce over London
prices this month when demand far exceeded supply
due to the Dussehra festival.
•Indian Jewellery exports rose 16.5 percent on month
in value terms to $653.90 million in September.
•According ISMA, India produced 25.1 million tonnes
(mt) of sugar in the crop season ended September 30,
about 4.5% lower than in the previous crop year.
•Spices exports during the April-June 2013 period
dropped 9% at 177,625 tonnes against 195,248 tonnes
in the corresponding period of the last financial year.
•Central Bank of India has entered into a
memorandum of understanding with NCDEX Spot
Exchange (NSPOT), the e-market place for farmers.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
®
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
QTY.
7.84
5.35
3.983.57 3.48
-4.82
-3.79
-2.60
-2.06 -1.96
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
RED CHILLI SOYABEAN SILVER NEW GOLD NEW BARLEY COTTON 29 MM CRUDE OIL KAPAS CASTOR SEED NEW NEW STEEL LONG
4.394.17
4.00
3.54
2.53
-3.82
-3.29-3.07
-1.45
-0.91
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
GOLD M STEEL RPR SILVER 1000 NICKEL GUARSEED CRUDE OIL NATURAL GAS COTTON MENTHA OIL CARDAMOM
COOIT's Trade Estimate for Kharif Oilseed Production during 2013-14 Season
13
SPOT PRICES (% change)
COMMODITY
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
17.10.13 24.10.13
ALUMINIUM 5340900 5402650 61750
COPPER 502750 489400 -13350
NICKEL 228264 231636 3372
LEAD 233025 232425 -600
ZINC 1060475 1045700 -14775
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 18.10.13 24.10.13 CHANGE(%)
Soya CBOT NOV Cent per Bushel 1291.25 1309.75 1.43
Maize CBOT DEC Cent per Bushel 441.50 440.25 -0.28
CPO BMD JAN MYR per MT 2401.00 2464.00 2.62
Sugar LIFFE DEC 10 cents per MT 513.80 502.30 -2.24
COMMODITY EXCHANGE CONTRACT 18.10.13 24.10.13 CHANGE%
ALUMINIUM LME 3 MONTHS 1847.00 1861.00 0.76
COPPER LME 3 MONTHS 7245.00 7175.00 -0.97
LEAD LME 3 MONTHS 2176.00 2173.50 -0.11
NICKEL LME 3 MONTHS 14200.00 14650.00 3.17
ZINC LME 3 MONTHS 1934.00 1936.00 0.10
GOLD COMEX DEC 1314.60 1350.30 2.72
SILVER COMEX DEC 21.91 22.82 4.14
LIGHT CRUDE OIL NYMEX DEC 101.11 97.11 -3.96
NATURAL GAS NYMEX MAR 3.97 3.81 -3.81
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
The Central Organization for Oil Industry & Trade (COOIT) hosted the 51st All India
Convention of Oilseeds, Oil Trade &Industry at Delhi on 19th October, 2013 and
announced the trade estimate of Khariff Oilseeds crop and availability of
vegetable oils from kharif crop during 2013-14 season. The salient features of the
trade estimate are as under:
• As per the Ministry of Agriculture, the acreage under oilseeds as on 17th
October, 2013 estimated at 194.94 lakh hectares against 177.66 lakh hectares
last year, up by 17.28 lakh hectares.
• Production of total Nine major Kharif Oilseeds Crop is estimated at 169.05 lakh
tons for the year 2013-14 against last year's 151.83 lakh tons.
®
Oilseeds 2013-14 Kharif season Change as compared
to 2012-13
Kharif season
Area
Lakh
Ha. *
Crop
Lakh
Tons
Yield
Area
Lakh
Ha.
Crop
Lakh
Tons
Groundnut 43.20 47.15 1091 (+) 4.11 (+) 20.95
Soybean 122.20 102.30 837 (+) 15.17 (+) 4.70
Sunflower 2.43
1.85
761
(+) 0.36
(+) 0.35
Sesame
14.93
3.50
234
(+) 0.61
(+) 0.10
Castor 9.84
12.05
1225
(-) 1.97
(+) 0.62
Niger 2.33 0.70 300 (-) 0.29 (-) 0.10
Toria -- 1.50 -- -- No change
Total 194.94 169.05 867 +) 17.28 (+) 17.22
Cottonseed --
111.60
--
--
(+) 9.30
Copra --
7.00
--
--
(+) 1.00
Grand Total -- 287.65 -- -- (+) 27.52
*Area as per GOI data as on 17th Oct.,2013
• Overall oilseeds yield has increased to 867 kgs/ha during current kharif crop
from 855 kgs/ha. last year.
• This year soybean production is estimated to be around 107 lakh tonnes as
compared to 113.40 lakh tonnes last year. In the current year, in spite of sizable
increase in area under soybean, the crop is lower than last year due to extensive
damage both in term of quality and quantity due to heavy rain fall during end
September also early October at the time of harvesting.
• Cottonseed production is estimated at 360 lakh bales compared to 330 lakh
bales during 2012-13. Cottonseed production is estimated at 111.60 lakh tons
against 102.30 lakh tons last year and Cottonseed Oil production would be 12.20
lakh tons compared to 11.13 lakh tons last year.
• Groundnut production in 2013-14 kharif season is estimated at 47.15 lakh
tons(in Shells) against 26.20 lakh tons in last year.
• The marketable surplus of nine major oilseeds in 2013-14 kharif Season is
estimated at 118.05 lakh tonnes against 114.88 lakh tonnes in last year.
• Rice Bran Oil production estimated at 930,000 tons during 2013-14 compared to
900,000 ton during 2012-13.
• Local Palm Oil production is estimated at 110,000 tons for the current year
against last year 80,000 tons.
• Maize oil production is increasing in the country and estimated at 50,000 tons
for the current year.
• The Vegetable Oil available from kharif oilseeds crop and the secondary sources
are estimated at 58.03 lakh tonnes compared to last year's 52.65 lakh tonnes i.e
up by 5.38 lakh tonnes.
-3.15
-1.60
-1.22
-0.42
-0.26
0.27
0.63
0.75
1.15
1.40
1.54
1.74
2.04
2.70
3.22
3.85
3.89
5.14
-4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
CARDAMOM (VANDANMEDU)
RUBBER (KOCHI)
JEERA (UNJHA)
RAW JUTE (KOLKATA)
GUR (MUZAFFARNGR.)
CHANA (DELHI )
BARLEY (JAIPUR)
MASOOR (INDORE)
CORIANDER (KOTA)
TURMERIC (NIZAMABAD)
REFINED SOYA OIL (INDORE)
CRUDE PALM OIL (KANDLA)
MUSTARD (JAIPUR)
SOYABEAN (INDORE)
GOLD KG (MUMBAI)
CHILLI (GUNTUR)
SILVER (DELHI)
PEPPER MALABAR GAR (KOCHI)
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 61.36 61.94 61.16 61.48
EUR/INR 83.95 85.04 83.95 84.86
GBP/INR 99.36 100.01 99.22 99.35
JPY/INR 62.76 63.54 62.57 63.16
(Source: FX Central, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
News Flows of last week
22nd Oct: U.S. construction spending hit a near 4-1/2 year high in August
24th Oct: British factory orders unexpectedly weakened this month
24th Oct: The British public's expectations for future inflation have surged to their highest level in two years
24th Oct: The U.S. trade deficit widened slightly in August as exports slipped
24th Oct: U.S factory output contracted for the first time since late 2009
24th Oct: U.S. manufacturing grew at its slowest pace in a year this month
24th Oct: The number of Americans filing new claims for unemployment benefits fell less than expected last week
EUR/INR (OCT) contract closed at 84.86 on 24th October'13. The contract made its high of `85.04 on 24th October'13 and a low of `83.95 on 21st October'13 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at ̀ 84.36
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 55.47. One can buy around 84.10 for a target of 85.25 with the stop loss of 83.45
`
JPY/INR (OCT) contract closed at 63.16 on 24th October'13. The contract made its high of ̀ 63.54 on 23rdOctober'13 and a low of ̀ 62.57 on 23rd ctober'13 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at `63.16.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 48.60. One can sell below 62.65 for a target of 61.25 with the stop loss of ̀ 63.25.
`
Market Stance
In the week gone by, Indian rupee remained sidelined on the back of mixed
sentiments prevailing in market. Losses were remained capped due to strong
equity markets and dollar weakness over the globe. Foreign funds extend buying
in local stocks for a 15th session, being provisional buyers of $161.5 million on
Thursday, exchange data showed. The dollar set a fresh two-year low versus the
euro last week, pressured by strengthened expectations that the US Federal
Reserve will maintain its asset purchases through early next year. The dollar also
set a fresh 8-1/2-month low versus a basket of currencies and slipped to a two-
week low against the yen. However, in spite of dollar weakness over the globe,
rupee couldn't manage to retain gains amid hefty fresh demand for the American
currency from banks and importers.
EUR/INR
USD/INR (OCT) contract closed at 61.48 on 24th October'13. The contract made its high of `61.94 on 22nd October'13 and a low of `61.16 on 23rd October'13 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at ̀ 61.78.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 41.55. One can sell below 61.30 for a target of 60.00 with the stop loss of 61.85
`
GBP/INR (OCT) contract closed at 99.35 on 24th October'13. The contract made its high of `100.01 on 23rd October'13 and a low of `99.22 on 24th October'13 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at ̀ 99.46.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 49.80. One can sell below 98.80 for a target of 97.50 with the stop loss of 99.50
`
USD/INRTechnical Recommendation
GBP/INR JPY/INR
14
®
Economic gauge for the next week
Date Currency Event PREVIOUS29th Oct USD Advance Retail Sales 0.20%29th Oct USD Consumer Confidence 79.730th Oct EUR German Unemployment Change 25K30th Oct EUR German Unemployment Rate s.a. 6.90%30th Oct USD Consumer Price Index Ex Food & Energy (YoY) 1.80%30th Oct USD Consumer Price Index (YoY) 1.50%30th Oct EUR German Consumer Price Index (YoY) 1.40%30th Oct EUR German Consumer Price Index - EU Harmonised (YoY) 1.60%30th Oct USD Federal Open Market Committee Rate Decision 0.30%30th Oct USD Fed Pace of MBS Purchases $40 30th Oct USD Fed Pace of Treasury Purchases $45 31st Oct JPY Bank of Japan Rate Decision31st Oct EUR Euro-Zone Consumer Price Index Estimate (YoY) 1.10%31st Oct EUR Euro-Zone Consumer Price Index - Core (YoY) 1.00%01st Nov USD ISM Manufacturing 56.2
IPOIPO
INDIAN IPO NEWS
Power Grid Corporation FPO anytime next month; government may raise ̀ 1,900 crore
State-run transmission utility Power Grid Corporation expects to launch FPO anytime next month. According to the company, the government could get
about ̀ 1,900 crore from the process, while the company will garner about ̀ 6,000 crore from the sale of fresh equities. The company plans to sell 17 per
cent equity, through the FPO route, out of which the government share will be around 4 per cent and the rest 13 per cent will be fresh issue of equity
shares to the extent of 13 per cent of the pre-issue equity capital worth around ̀ 6,000 crore. The Navratna company has proposed to issue fresh 60.18
crore shares, or 13 per cent of the current equity base, through the FPO, while the government proposes to dilute its 18.51 crore shares or 4 per cent
stake out of its current 69.42 per cent holding, as part of its ̀ 44,000 crore divestment programme, out of which it could so far raise a little over ̀ 1,100
crore. After the FPO, the government stake in the company will reduce to 57.89 per cent. ICICI Securities, SBI Capital, Citi, UBS and Kotak Securities are
managing the sale.
Coal India's follow on public offer to wait till new directors come on board
Coal India's follow on public offer for a 5% stake sale will have to wait till the government has appointed seven independent directors on its board, who
have retired this year and their positions are yet to be filled up. The government has planned the public offer by the second week of December and has
just started road shows. Alok Perti, former coal secretary, SK Roongta, former SAIL chairman, Kamal R Gupta and Dr RN Trivedi are to be appointed as
independent directors on the board. AK Rath retired on April 26, 2013, while SK Baruah, Dr Sheela Bhide and Kamal R Gupta completed their tenure on
August 3, 2013. AK Rath, Mohd Anis Ansari and Sachi Chaudhuri completed their tenure on August 2 this year.
India Inc garners ̀ 1,050 cr via IPOs in H1 of FY'14
India Inc mopped up a total Rs 1,050 crore through initial public offers (IPOs) in the first half of 2013-14, sharply up by 36 per cent over the same period
of the last fiscal. According to Prime Database, leading database on primary capital market, 16 firms collectively raised Rs 1,050 crore via IPO route in
the six months ended September 30, 2013. In the first half of 2012-13, as many as 13 companies had raked in 772 crore capital through IPOs.
Interestingly, of the 16 IPOs, which hit the capital market in the first half of the current fiscal, 15 were from the Small and Medium Enterprise (SME)
sector. There was only one non-SME IPO, (Just Dial that garnered ̀ 919 crore), which accounted for 87 per cent of the total mobilisation. Among sectors,
information technology space dominated with three firms mopping up ̀ 1,927 crore, which is 29 per cent of the total amount garnered.
Real Estate Investment Trusts (REITs) face tax clouds, regulatory hurdles
Real Estate Investment Trusts (REITs) could transform the fragmented real estate stratosphere in India. Investors who put money in listed units of REITs
could get both — a stabilized return on their investments, and appreciation in market value of assets in a regulated transparent environment. In its
draft regulations relating to REITs, market regulator Sebi has broadly applied a framework similar to that of an initial public offer (IPO), requiring listing
of units issued by REITs. The regulator has also prescribed various norms, including those related to minimum offer size, public float, and size of assets.
®
IPO TRACKER
*Closing prices as on 24-10-2013
Company Sector M.Cap(In Cr.) Issue Size(in Cr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)
*
Just Dial Service provider 7430.55 950.11 5-Jun-13 530.00 590.00 1060.75 100.14
Repco Home Fin Finance 1778.40 270.39 1-Apr-13 172.00 165.00 286.10 66.34
V-Mart Retail Trading 410.66 123.00 20-Feb-13 210.00 216.00 228.65 8.88
Bharti Infra. Telecom 29863.51 4533.60 28-Dec-12 220.00 200.00 158.10 -28.14
PC Jeweller Jewellary 1744.43 609.30 27-Dec-12 135.00 135.50 97.40 -27.85
CARE Rating Agency 1731.16 540.00 26-Dec-12 750.00 949.00 596.95 -20.41
Tara Jewels Jewellary 217.39 179.50 6-Dec-12 230.00 242.00 88.30 -61.61
VKS Projects Engineering 165.06 55.00 18-Jul-12 55.00 55.80 2.62 -95.24
Speciality Rest. Restaurants 581.60 181.96 30-May-12 150.00 153.00 123.85 -17.43
T B Z Jewellary 931.13 210.00 9-May-12 120.00 115.00 139.60 16.33
MT Educare Miscellaneous 381.89 99.00 12-Apr-12 80.00 86.05 96.00 20.00
NBCC Construction 1522.20 124.97 12-Apr-12 106.00 100.00 126.85 19.67
Olympic card. Media 47.54 24.75 28-Mar-12 30.00 29.95 29.15 -2.83
Multi Comm. Exc. Exchange 2399.04 663.31 9-Mar-12 1032.00 1387.00 470.40 -54.42
Indo Thai Sec. Finance 11.70 29.60 2-Nov-11 74.00 75.00 11.70 -84.19
Vaswani Inds. Steel 7.51 49.00 24-Oct-11 49.00 33.45 2.62 -94.65
Flexituff Intl. Packaging 503.15 104.63 19-Oct-11 155.00 155.00 218.95 41.26
Prakash Constro. Construction 9.68 60.00 4-Oct-11 138.00 145.00 0.77 -99.44
PG Electro. Consumer Durables 250.33 120.65 26-Sep-11 210.00 200.00 152.55 -27.36
15
FIXED DEPOSIT MONITOR
16
PERIOD REMARKS MIN. INVESTMENTS.NO MANUFACTURING (COMPANY NAME)
6M 12M 18M 24M 36M
1 ANSAL PROPERTIES & INFRA LTD. - 12.00 - 12.25 12.50 - 50000/-
2 ANSAL HOUSING & CONSTRUCTION LTD. 10.00 11.00 - 11.00 11.50 - A&C-20000,B-10000
3 ABC INDIA LTD - 11.50 - 12.00 12.50 - 25000/-
4 DARCL LOGISTICS LTD. - 11.00 - 11.00 11.00 0.50% FOR SR. CITIZEN 5000/-
5 GATI LTD - 10.00 - 10.50 11.00 0.50% EXTRA FOR SR. CITIZEN & EMPLOYEE. 21000/-RATE AS PER QUARTERLY OPTION
6 IVRCL LTD - 12.00 - 12.25 12.50 - 25000/-
7 J K LAKSHMI CEMENT LTD - 9.00 - 9.25 9.50 - 25000/-
8 J K TYRE & INDUSTRIES LTD - 9.00 - 9.25 9.50 - 25000/-
9 J K PAPER LTD - 8.50 - 9.00 9.50 - 25000/-
10 JAIPRAKASH ASSOCIATES LTD. 11.00 11.50 - 11.75 12.00 - 20000/-
11 JAPYEE INFRATECH LTD. 11.00 11.50 - 11.75 12.00 - 20000/-
12 JSL STAINLESS LTD. - 9.75 - 10.00 10.25 0.50% EXTRA FOR SR. CITIZEN & 0.25 EXTRA FOR 21000/-EMP & SHAREHOLDERS(500)
13 OMAXE LTD 11.50 12.00 - 12.25 12.50 - 25000/-
14 PRATIBHA INDUSRIES LTD - 11.50 - 12.00 12.25 0.25% FOR SR. CITIZEN 20000/-
15 PRISM CEMENT - 10.25 - 10.25 10.25 - 10000/-
16 SRS REAL INFRASTRUCTURE LTD. - 12.00 - 12.25 12.50 - 20000/-
17 SRS LTD. - 12.00 - 12.25 12.50 - 20000/-
18 SURYA ROSHINI LTD - 10.00 - 11.00 11.50 ACCEPT ONLY CUMULATIVE SCHEME 30000/-
19 SUMEET INDUSTRIES LTD - 12.00 - 12.25 12.50 - 20000/-
20 TALBROS AUTOMOTIVE COMPONENTS LTD - 9.50 - 10.25 11.00 - 10000/-
21 UNITED SPIRITS LTD (UB GROUP) - 11.00 - 11.50 - - 25000/-
22 UNITECH LTD 11.50 11.50 - 12.00 12.50 - 25000/-
RATE OF INTEREST ( %) p.a
MANUFACTURING COMPANIES
• 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]
ONLY FOR RENEWAL
PERIOD REMARKS MIN. INVESTMENTS.NO MANUFACTURING (COMPANY NAME)
6M 12M 18M 24M 36M
1 BOMBAY DYIENG & MANUF LTD - - - - 10.50 0.50% FOR SR. CITIZEN, EMP. & SHAREHOLDERS 20000/-
2 GODREJ PROPERTIES LTD - 8.50 - 9.00 9.50 ONLY NON-CUMULATIVE SCHEME 10000/-
3 HELIOS & MATHESON INFORMATION TECHNOLOGY LTD - 12.00 - 12.00 12.00 - 25000/-
4 JAGATJIT INDUSTRIES LTD 10.00 10.50 - 11.00 11.50 - 50000/-
5 NETWORK18 MEDIA - 11.00 - - - 0.50% EXTRA FOR SR. CITIZEN 10000/-
RATE OF INTEREST ( %) p.a
NON BANKING FINANCIAL COMPANIES
PERIOD MIN.REMARKSS.NO (NBFC COMPANY -NAME)
12M 18M 24M 36M 45M 48M 60M 84M INVESTMENT
1 DEWAN HOUSING FINANCE CORPORATION LTD 13M=10.50% 14M=10.50% 40M=10.50% 0.50% EXTRA FOR SR. CITIZEN,WIDOW, -ARMED, PERSONNEL, EXISTING DHFL HOME BORROWERS & DHFL SHARE HOLDERS, FOR 13M=0.25% EXTRA FOR DEPOSIT 1 CR AND ABOVE, 14M=0.25% EXTRA ON 25LAC & ABOVE
2 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 10.00 - 10.00 10.00 - 10.00 - 10.00 0.50% FOR SR. CITIZEN, WIDOW, ARMED 10,000/-PERSONNEL, EXISTING DHFL HOME BORROWERS & DHFL SHARE HOLDERS, 0.25% FOR DEPOSIT RS.25LAC & ABOVE
3 GRUH FINANCE LTD. 9.00 - 9.25 9.50 - 9.50 9.25 9.25 0.25% FOR SR. CITIZEN & TRUST 1000/-
4 HDFC (INDIVIDUAL & TRUST ) - REGULAR <1 CR 9.25 - 9.25 9.25 - 9.00 9.00 - 0.25% FOR SENIOR CITIZEN. 20,000/-
5 HDFC PLATINUM SCHEME 9.75(15M) 9.60(22M) 9.50(33M) - 20,000/-
6 HUDCO LTD. 9.15 - 8.85 8.90 - 8.75 8.75 8.25 0.25% FOR SR. CITIZEN -
7 LIC HOUSING FINANCE LTD. 9.00 9.00 9.25 9.40 - - 9.60 - 0.25% FOR SR. CITIZEN IF APP ABOVE 10000/-RS. 50,000/- & 0.10% IF APP UPTO RS. 50,000/-
8 MAHINDRA & MAHINDRA FINANCE 9.25 9.75 10.00 10.25 - 9.75 9.75 - 0.25% EXTRA FOR SR. CITIZEN 10000/-
9 PNB HOUSING FINANCE LTD. - - 9.30 9.30 - 9.20 9.20 9.15 0.25% FOR SR. CITIZEN FIXED 20000/- CUMULATIVE 10,000/-
10 PNB HOUSING FINANCE LTD.-SILVER JUBILEE SCHEME 9.65 - - - - - - - - FIXED 20000/- CUMULATIVE 10,000/-
11 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 9.25 - 9.75 10.75 - 10.75 10.75 - 0.25% EXTRA FOR SR. CITIZEN 25000/-
12 SHRIRAM TRANSPORT-SUBHIKSHA SCHEME 11.30(61M) 11.30(78M) 0.25% EXTRA FOR SR. CITIZEN 10000/-
(FOR TRUST ONLY)
®
MUTUAL FUND
NEWS
Deutsche MF introduces Fixed Maturity Plan- Series 41(DFMP-41)
Deutsche Mutual Fund has launched the New Fund Offer (NFO) of DWS Fixed Maturity Plan- Series 41(DFMP-41), a Close Ended income scheme. The NFO opens for subscription on October 25, 2013, and closes on October 30, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is ̀ 5,000 and in multiples of ̀ 10 thereafter. The investment objective of the scheme is to generate income by investing in debt andmoney market instruments maturing on or before the date of the maturity of the Scheme
Birla Sun Life MF introduces Fixed Term Plan - Series IU (527 days)
Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Fixed Term Plan - Series IU (527 days), a Close Ended income scheme. The NFO opens for subscription on October 25, 2013, and closes on October 31, 2013. 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.
Birla Sun Life MF introduces Fixed Term Plan - Series IT (367 days)
Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Fixed Term Plan -Series IT (367 days), a Close Ended income scheme. The NFO opens for subscription on October 25, 2013, and closes on October 28, 2013. 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.
Deutsche Mutual Fund files offer document for DWS Medium Term Income Fund ("DMTIF")
Deutsche Mutual Fund has filed offer document with SEBI to launch an Open ended debt Scheme named as "DWS Medium Term Income Fund ("DMTIF")". 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 a portfolio of high quality debt securities.
Birla Sun Life Mutual Fund files offer document for Birla Sun Life Fixed Term Plan
Birla Sun Life Mutual Fund has filed offer document with SEBI to launch a Close ended Income Scheme named as "Birla Sun Life Fixed Term Plan-Series JB to Series KE". The New Fund Offer price is ̀ 10 per unit. 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.
Union KBC Mutual Fund files offer document for Union KBC Capital Protection Oriented Fund
Union KBC Mutual Fund has filed offer document with SEBI to launch a Close-ended Capital Protection Oriented Scheme named as “Union KBC Capital Protection Oriented Fund -Series 4 & 5”. The New Fund Offer price is `10 per unit. The investment objective of the scheme is to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments.
ICICI Prudential MF introduces Fixed Maturity Plan-Series 70-1285 Days Plan T
ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Fixed Maturity Plan-Series 70-1285 Days Plan T, a Close Ended income scheme. The NFO opens for subscription on Oct 22, 2013, and closes on Oct 31, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. However, there can be no assurance that the investment objective of the Scheme will be realized.
Pramerica Mutual Fund files offer document for Pramerica Overnight Fund
Pramerica Mutual Fund has filed offer document with SEBI to launch an Open Ended Liquid Fund scheme named as “Pramerica Overnight Fund ”. The New Fund Offer price will be ̀ 1000 per unit. The investment objective of the scheme is to provide liquidity to the investors while mirroring overnight returns.
NFOs WATCH
Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager MinimumOpens on Closes on Amount
15-Oct-2013 29-Oct-2013 Close-Ended Growth `5000/-Birla Sun Life Capital Protection Oriented Fund - Series 16 - Regular (G)
Prasad Dhonde / Vineet Maloo
To seek capital protection by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments.
17-Oct-2013 30-Oct-2013 Close-Ended Growth `5000/-DSP BlackRock Dual Advantage Fund - Series 19 (36M) Direct Plan (G)
Dhawal Dalal / Vinit Sambre
To generate returns and seek capital appreciation by investing in a portfolio of debt and money market securities. The scheme also seeks to invest a portion of the portfolio in equity & equity related securities to achieve capital appreciation. As far as investments in debt and money market securities are concerned, the Schemes will invest only in securities which mature on or before the date of maturity of the Schemes.
17-Oct-2013 31-Oct-2013 Close-Ended Growth `5000/-HDFC Capital Protection Oriented Fund - Sr I (36 Mths) Oct 13 - Regular (G)
Anil Bamboli / Vinay R. Kulkarni / Rakesh Vyas
To generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of the Scheme. The Scheme also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation
17
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18
MUTUAL FUND Performance Charts
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch AUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
Axis Equity Fund - Growth 13.19 05-Jan-2010 563.06 3.21 4.82 14.85 3.03 7.55 2.11 0.84 0.07 73.6631 12.1527 1.9661 12.2182
BNP Paribas Equity Fund - Growth 42.2 23-Sep-2004 127.71 5.18 9.47 14.76 4.99 17.16 3.02 0.81 -0.04 79.4028 12.2143 -- 8.383
ICICI Prudential Dynamic Plan - Growth 125.83 31-Oct-2002 3398.03 11.63 13.44 13.45 4.41 25.92 2.82 0.76 0.07 61.9501 19.7251 2.8796 15.4452
Tata Ethical Fund - Plan A - Growth 79.95 24-May-1996 108.2 4.13 12.2 12.56 4.17 16.44 3.28 0.84 -0.01 68.2932 22.9875 -- 8.7193
ICICI Prudential Top 100 Fund - Growth 163.45 09-Jul-1998 379.06 9.16 10.81 12.35 4.51 20.03 3.11 0.86 0.05 83.4272 5.1927 -- 11.3801
ICICI Prudential Focused Bluechip Equity Fund - Ret - G 19.65 23-May-2008 4397.33 6.22 9.12 12.12 4.2 13.26 3.01 0.86 0.17 89.329 3.3371 2.7098 4.6242
Birla Sun Life India GenNext Fund - G 32.67 05-Aug-2005 168.76 2.29 5.77 12.08 7.61 15.48 2.88 0.72 0.06 56.6467 36.823 2.7724 3.758
EQUITY (Diversified)
BALANCED
INCOME FUND
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 24/10/2013Beta, 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 AUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
ICICI Prudential Balanced - Growth 58.25 03-Nov-1999 535.01 4.69 5.90 10.44 7.03 13.43 2.39 0.03 50.32 15.74 2.67 31.27
SBI Magnum Balanced Fund - Growth 58.19 09-Oct-1995 398.12 2.85 4.53 8.93 2.14 15.43 2.54 0.03 29.34 30.84 8.98 30.85
FT India Balanced Fund - Growth 55.83 10-Dec-1999 193.03 2.45 3.26 6.84 3.19 13.19 2.24 0.02 52.11 18.01 -- 29.88
Birla Sun Life 95 - Growth 352.61 10-Feb-1995 584.69 4.71 3.12 6.61 2.74 20.97 2.43 0.06 55.26 13.40 0.91 30.43
Tata Balanced Fund - Plan A - Growth 101.24 08-Oct-1995 562.98 4.95 5.13 6.27 5.23 15.64 2.53 0.06 52.81 18.96 1.14 27.10
UTI Balanced Fund - Growth 88.04 20-Jan-1995 869.48 4.47 3.48 4.51 0.69 15.88 2.40 0.01 56.03 14.75 2.51 26.71
Canara Robeco Balance - Growth 71.02 01-Feb-1993 190.95 3.92 3.43 3.58 3.54 10.11 2.47 0.02 49.49 17.81 1.95 30.74
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch AUM Since Std. SharpeMaturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Tata Dynamic Bond Fund - Plan A - G 18.32 03-Sep-2003 392.85 9.72 -4.18 18.96 7.19 11.74 8.50 6.15 29.38 -0.03 1376.00 8.99
Morgan Stanley Active Bond Fund - Reg - G 12.70 03-Jun-2009 589.86 11.85 -11.14 25.89 4.07 11.52 7.55 5.58 17.88 -0.08 2176.00 7.95
Canara Robeco Dynamic Bond Fund - Reg - G 13.48 29-May-2009 302.41 12.60 -12.95 23.23 4.65 9.35 8.86 7.00 20.94 -- 2690.00 9.26
BNP Paribas Flexi Debt Fund - Growth 20.51 23-Sep-2004 597.03 12.13 -9.46 19.35 5.06 9.10 8.13 8.22 49.03 0.04 2924.00 9.12
Tata Income Plus Fund - Plan A - Growth 18.94 11-Nov-2002 174.49 11.67 -1.42 23.73 3.32 8.97 8.02 6.00 15.58 -0.03 1449.00 9.60
ICICI Prudential Banking & PSU Debt Fund - G 13.51 01-Jan-2010 537.61 8.58 9.30 9.90 5.21 8.81 8.89 8.20 8.56 0.11 16.00 10.43
Axis Banking Debt Fund - Growth 1123.66 08-Jun-2012 256.69 8.31 7.64 12.38 8.04 8.43 -- 8.83 7.51 0.20 164.00 9.77
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch AUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Birla Sun Life Short Term Opp. Fund - Reg - G 19.69 24-Apr-2003 1029.13 8.46 5.07 14.80 9.10 9.94 10.04 6.66 8.25 0.16 -- 11.04
Birla Sun Life Medium Term Plan - Reg - G 14.56 25-Mar-2009 1320.35 8.54 5.22 16.78 8.99 9.92 10.04 8.54 9.32 0.14 -- 12.05
Sundaram Select Debt - S T A P - Reg - Appreciation 21.15 04-Sep-2002 305.37 9.46 6.77 13.74 8.44 10.19 10.92 6.95 10.74 0.03 372.00 10.14
Morgan Stanley Short Term Bond Fund - Reg - G 13.95 26-May-2009 526.66 9.29 6.00 17.06 8.11 9.02 9.21 7.90 14.44 0.04 449.00 9.21
Tata Short Term Bond Fund - Plan A - G 22.71 08-Aug-2002 320.22 9.59 5.05 17.24 7.52 9.01 8.83 7.59 19.16 0.05 496.00 9.81
JPMorgan India Short Term Income Fund - G 13.38 25-Mar-2010 1044.04 7.96 6.68 20.29 7.34 8.37 9.09 8.45 6.11 0.19 969.00 9.90
UTI Short Term Income Fund - Ret - G 21.37 23-Jun-2003 3523.68 10.44 0.82 18.95 7.20 9.26 9.61 7.62 11.39 0.12 802.00 --
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch AUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
DSP BlackRock Money Manager Fund - Reg - G 1674.53 31-Jul-2006 1686.27 9.03 8.21 11.73 9.42 8.96 8.71 7.38 3.01 0.06 137.00 --
DWS Ultra Short-Term Fund - Growth 19.95 21-Oct-2003 1842.88 8.51 8.56 10.85 9.17 8.98 9.00 7.14 2.74 0.21 91.00 10.24
Templeton India Ultra Short Bond Fund - Retail - G 15.76 18-Dec-2007 4132.25 8.48 8.48 10.90 9.10 9.20 9.20 8.08 2.64 0.29 64.00 10.32
Tata Floater Fund - Plan A - Growth 1849.60 06-Sep-2005 2700.42 8.99 8.63 11.52 9.09 9.20 9.27 7.85 29660.60 0.06 108.00 9.77
IDFC Ultra Short Term Fund - Reg - G 17.16 17-Jan-2006 1824.43 8.89 8.87 11.61 9.05 9.27 9.60 7.20 3.35 0.10 93.00 10.03
UTI Treasury Advantage Fund - Reg - G 3109.69 12-Jul-1999 7890.95 8.87 7.86 10.74 8.95 9.03 8.92 8.26 2.39 0.19 127.00 --
Taurus Ultra Short Term Bond Fund - Ret - G 1440.32 01-Dec-2008 284.28 9.29 9.23 11.29 8.94 9.07 9.16 7.73 2.77 0.16 84.00 --
Annualised
®
Mr D K Aggarwal (CMD, SMC Investments and Advisors Ltd) during
Real Estate Summit cum Excellence Awards organised by ASSOCHAM at New Delhi.
Mr Ajay Garg (Director, SMC Global Securities Ltd) delivering speech from
the podium during the annual day of Shaheed Sukhdev College of Business Studies at New Delhi.
Mr S C Aggarwal (CMD, SMC Group) during National Conference on
Mergers & Acquistions organised by ASSOCHAM at New Delhi.