C OVE RST Y Whylowoil pricescould triggerthe nextmarket fallsmartinvestor.business-standard.com/emag/sample_pdf/sample.pdf · Virani, director, Balaji Wafers, had pegged the value

India has been rejoicing the fallin oil prices globally. Thegovernment is twice as happyas the general public since theyhave increased taxes on oilproducts even whileperiodically asking oilcompanies to reduceprices.However, all is not wellin oil producing countries.Apart from the Organization ofPetroleum Exporting Countries(Opec), which is finding itdifficult to balance their budget,the biggest problem of falling oilprices is in the US. The world’slargest economy today is also the

largest producer of oil, more thaneven Saudi Arabia and Russia,thanks to the shale oil boom there

10 DECEMBER 2014, Mumbai

MARKET INSIGHT 3

750-point correctionwipes out Rs 2.5-lakhcrore inmarket-cap60 stocks saw market capitalisationerosion by more than Rs 1,000 croreeach. TCS was the biggest loser, thatrecorded m-cap erosion of Rs 23,348crore in past three trading sessions

MARKETS 4-5Markets snap 3-day losingstreak; banks gain

Asianmarkets endmixed;Nikkei slumps 2%

EXPERT SPEAK 6Q&A: KSubramanyam,assistant vice-president

(institutional research),Asit C.Mehta Securities

IPO 7As IPOmarket picks up,small FMCG firms go forvaluation kill

The endeavour to make a significant gainon listing is pushing firms to price an IPOat the maximum possible level

PERSONAL FINANCE 8Things OFS investors needto keep inmindRetail investors need to look at companyfundamentals, discount being offeredbefore investing

SPECIAL REPORT 910 things youmust knowabout Google's GreatOnline Shopping FestivalThe three-day online festival kicks offtoday and runs across most e-commerceportals

CORPORATE 10-11M&M said to be buyingstake in Swedish Co

Reliance Capital to sellYatra.Com stake for Rs500 cr

POLITICS 12Jaitley tomeet state FMstomorrowonGST

BSP, Congress attackCentre on religiousconversion in Agra

TECHNICALS 13STOCK DATA 14-18MARKET REPORT

COVER STORY 2Why low oilprices couldtrigger thenext marketfallTThhee ffaallll iinn pprriicceess bbeeccaauussee oofftthhee bboooomm iinn sshhaallee ooiillpprroodduuccttiioonn iinn tthhee UUSS iissaallrreeaaddyy ccaauussiinngg jjiitttteerrss iinn tthheebboonndd mmaarrkkeettss

COVER STORY smartinvestor.in

2

SHISHIR ASTHANA

India has been rejoicing the fall inoil prices globally. The govern-ment is twice as happy as the gen-

eral public since they have increasedtaxes on oil products even whileperiodically asking oil companiesto reduce prices.However, all is not well in

oil producing countries.Apart from theOrganization of PetroleumExporting Countries(Opec), which is finding itdifficult to balance theirbudget, the biggest problemof falling oil prices isin the US.The world’s largest economy

today is also the largest producer ofoil, more than even Saudi Arabia andRussia, thanks to the shale oil boomthere. However, production of shaleoil is a costlier affair as compared totraditional methods of crude oilextraction. Shale oil production,depending on the location, costs any-where around $40 to $70 per barrel ascompared to sub $10 per barrel levelsby Opec.With oil prices nowaround the cost

of production, the first signs of the jit-ters are visible in the bond market,especially the energy junk bondmar-ket, also known as the ‘cov-lite’ ener-

gy bonds. Safeguardsknown as covenants areembedded in the bonds sold. Energybonds sold, especially to energy trans-portation companies had fewercovenants and thus called ‘cov-lite’bonds. Junk bonds are debt instru-ments carrying a rating of BB or low-er. According to a Financial Timesarticle (paywall) bonds sold by com-panies that transport oil and gas haveemerged as some of theweakest dealsin terms of protection offered tolenders.These ‘cov-lite’ bonds have surged

in recent years as demand for higher-yielding assets on account of easycash due to quantitative easing pickedup.Most of the oil transportation com-panies benefited from such demandwhen oil prices were higher.Lower oil priceswould prevent fur-

ther expansion and investment inshale oil exploration and might alsoresult in lower production. This inturn would impact revenues of oiltransportation companies. Accordingto Moody’s ‘covenant quality index’which measures the quality score ofcovenant bonds, the scores are theweakest till date and have beenrunning long for the longestperiod of time.

Low oil prices naturallyare bad for the entire oilsector. Shale oil has beenone of the biggest reasonsfor the US economy get-ting back on its feet. It hasprovided employment tomillions and revived cap-ital expenditure in the

economy. From one of thelargest importer of oil, USA today

is a net exporter. The energy sectoraccounts for roughly one-third if S&P500 capex and nearly 25% of com-bined capex and R&D spending.According to JP Morgan, oil com-

panies now account for 18% of highyielding bonds as compared to 9% in2009, when oil prices had brieflytouched $40 a barrel. Analysts at JPMorgan say that if oil prices stay below$65 and stays there for the next threeyears, then upwards of 40% of all ofthese bonds could default.

Whylowoilpricescouldtriggerthenextmarketfall

he fall inpricesbecauseof theboominshaleoilproduction in theUS isalready

causing jitters in thebondmarketsT

MARKET INSIGHT smartinvestor.in

3

DEEPAK KORGAONKAR

After hitting Rs 100-lakh crorein the last week of November,an about 750-point correction

in the S&PBSE Sensex has seen amar-ket capitalisation erosion ofmore thanRs 200,000 crore in past four tradingsessions.Total investor wealth, measured in

termsof cumulativemarket valueof alllisted companies, plummeted by Rs

220,706 crore and stood atRs 98,52,367crore at the end of the day's trade onWednesday. It was Rs 10,073,073 croreon December 4. S&P BSE Sensexdeclined732points from28,563 tocloseat 27,831 today.Of this,more thanhalf orRs 1,29,128

crore got eroded just fromthe30-shareBSE Sensex companies that includeblue chips like Tata ConsultancyServices (TCS), Infosys, Wipro, Oil andNatural Gas Corporation (ONGC) and

Reliance Industries,whichsawmarket-caperosionofmore thanRs8,000croreeach. 53 stocks saw market capitalisa-tion erosion by more than Rs 1,000crore each. TCS was the biggest loser,that recorded m-cap erosion of Rs24,729 crore in past four trading ses-sions. The stock fell 4.8% fromRs2,637to Rs 2,510 on the BSE.Infosys, whose founders sold 32.6

million shares of the company for Rs6,484croreviaopenmarketonMonday,have seen m-cp erosion of Rs 15,918crore. The stockdeclined 6.6% fromRs2,102 to Rs 1,964 during past four trad-ing sessions.Market experts, however, suggest

that investors should use the currentfall inequities asanopportunity tobuyfroma long-termperspective.“Technically,weareof theviewthat

unless and until the market is notapproaching tomajor supports buyingmay not emerge but it’s a normal cor-rectionand investors shoulduse it asanopportunity tobuyandtraderscan takecontra view of buying around majorsupports,” said Shrikant Chouhan,Head- Technical Research, KotakSecurities.Meanwhile, out of BSE-500 compa-

nies, the market value of 144 stocksdeclined more than 4% each in pastfour trading sessions. Idea Cellular,Aban Offshore, SpiceJet, HCLInfosystems, CCL International andElder Pharmaceuticals declinedbetween 10-15%.Jet Airways, Bharti Infratel, PI

Industries, NCC, Pipavav Defence andOffshore, HMT andOpto Circuits havebucked the trend by gaining between12-30%during the period.

750-pointcorrectionwipesoutRs2.5-lakhcroreinmarket-cap

ixty stocks sawmarket capitalisationerosionbymore thanRs 1,000crore

each. TCSwas thebiggest loser, thatrecordedm-caperosionofRs23,348crore inpast three tradingsessions

S

INDRANI MAZUMDAR

Benchmark indices ended mar-ginally higher to snap threedaylosing streak, helped by a

rebound inChinese shares, ledbybankshares. The 30-share Sensex gained 34points toendat 27,831 and the50-shareNifty surged 15 points to close at 8,356.Meanwhile, foreign institutionalinvestors were net sellers in Indianequities worth Rs 221.52 crore onTuesday, as per provisional stockexchange data.

Thebroadermarketsoutperformedthe benchmark indices- BSE Midcapand Smallcap indices gained 1% each.

SECTORS & HOT STOCKSOn the sectoral front, BSE ConsumerDurables index was the top gainer up2.4% followed by BSE Bankex andPower indices up 1% and 0.7% each.However, BSE Capital Goods, IT andFMCG are lost sheen and ended downbetween 0.4-1%. ONGC gained 2.4%.The government has finalized plans tosell a part of its stake in Coal India,ONGC and NHPC under its disinvest-ment programme for the current fiscalyear. Coal India ended up 0.2%.Moreover, ONGC Videsh won anExploration Block- 14TAR-R1 in NewZealand.

Reliance Industries ended downnearly 1%. RIL and China’s Shandong

Ruyi Science and Technology GroupCoexecuteddefinitiveagreements forajoint venture in textiles.GAIL lost 2.2%on caution after the UP Governmentagreed toconstituteahighpowercom-mittee for GAIL’s Jagdishpur - Haldiapipeline. The government has plans tofinalise the proposal for coal linkagerationalisation and swapping arrange-ments of about 40 thermal power pro-jects, amove that is expected tosaveupto Rs 6,000 crore in logistics cost.

The proposal includes swappingagreements for power projects of com-panies including Adani Power,Indiabulls Power and NTPC, amongothers. NTPC ended the session withmarginal gains. Tata Power gainednearly 2% after it signed an agreementfor acquisition of 540 MW coal basedthermalpowerproject inMaharashtra.Among the metal pack, Sesa Sterliteendedup1%whereas itspeerHindalcolost 0.4%.

RatingagencyCRISIL in reportdat-

edDecember2, 2014said thatnet inter-est margin of banks are expected toimproveslightly in2014-15due tograd-ual recovery in the economy, controlover cost of funds and better assetmixleading to higher yield on advances.Among individual stocks, AllahabadBank, Oriental Bank of Commerce,Canara Bank, Indian Overseas BankandAndhraBankareupmore than3%each. State Bank of India (SBI), UnionBankof India,Bankof India, SyndicateBank, PunjabNational Bank and Bankof Baroda, Ais Bank, ICICI Bank andHDFC Bank ended up between 0.1-5%onNSE.

SharesofCiplaendedupnearly 1.3%after the company said its Mauritius-based firm plans to divest its entirestake in China-based pharmaceuticalcompany. Dr Reddy’s Lab ended up0.6%. Auto shares ended mixed. HeroMotocorp gainedover 1.2%.Accordingto news reports, the company is tyingup with Snapdeal to sell motorcycleson the online platform. Index heavy-weight and Auto major, Tata Motorsclimbed1.5%. TataMotors’sunitJaguarLandRover recalledabout 7,000sportscars in the U.S. Shares of Bharti Airtelwitnessedprofit takingandended low-er.The stockhadgained inearly tradeson reports that the Telecom DisputesSettlement and Appellate Tribunal(TDSAT) has set aside a penalty of Rs650 crore imposed on the company byDepartment of Telecommunication(DOT) in a roaming case. BHELdeclined 2.5%.

According to media reports, thecompany would set up an integratedsolar photo-voltaic manufacturingfacility of around 500MW per annuminMaharashtra. Its peer L&T lost 1.2%.

MARKETS smartinvestor.in

4

Markets snap3-day losingstreak;banksgain

he30-shareSensexgained34points toendat27,831andthe50-shareNiftysurged 15points tocloseat8,356

T

SENSEX27,831.10 (0.12%)

NIFTY8,355.65 (0.18%)

MARKETS TODAY (BSE)BSE 100: 8,433.52� 0.34%BSE 500: 10,773.21 � 0.43%

Small-Cap: 11,312.54 � 1.06%Mid-Cap: 10,301.35 � 0.93%� �

INDICES LAST % CHGTOP GAINERSCONSUMER DURABLES 9846 2.43BANKEX 21158.24 1.01POWER 2061.9 0.74TOP LOSERSCAPITAL GOODS 15605.34 -0.99IT 10462.72 -0.22FMCG 8142.42 -0.15

SECTOR WATCH

Read more...

MARKETS smartinvestor.in

5

GOLDRs 27,190/$1228.9

CRUDE OILRs 3,894/ $62.49

CURRENCYRs 62.02/$

OTHERMARKETSAT 1700 IST

SI REPORTER/ AGENCY

Asian shares, the dollar and oilprices all slumped onWednesday, pulling back as

global growth concerns and politicaluncertainty in Greece prompted aflight to safety. Still, investors couldtake little comfort from data showingChina'sannualconsumer inflationeasedto a five-year low of 1.4% in November,signalling persistent weakness in theworld's second-largest economy andleading some topredict thatBeijingwillmove more aggressively to head offdeflation.

MSCI'sbroadest indexofAsia-Pacificshares outside Japan slipped 0.2%, butwasoff lowsasChinese shares rebound-ed after a sharp selloff on Tuesday. TheShanghaiComposite Indexwasup2.4%,

a day after a rollercoaster session inwhich itmarkeda3-1/2-yearhighbeforecollapsing to losemore than 5%.

Japan's Nikkei stock average tum-bled 2.3%, as a stronger yen promptedinvestors to sell exporters' shares.

A Japanese government surveyreleased before the market openedshowed big Japanese manufacturersgrew less optimistic in October-Decemberandseeconditionsworseningfurther in the following quarter, sug-gesting that the economy is slow torecover fromarecession.Aseparate sur-vey showed Japanese consumer confi-dence worsened for a fourth straightmonth in November. The governmentreset itsviewonconsumerconfidence toweak. Brent crude slipped about 0.8%to$66.29abarrel, though itpared lossesandremainedwell abovea five-year lowof$65.29 touchedonTuesday.U.S. crudefutures were down 1% at $63.18. Oilpriceshavebeenunderpressure amidamassive supplyglut, afterOPECdecidedagainst cutting output.

Hong Kong shares finished slightlyhigher onWednesday, erasingmorninglosses, followingareboundonmainlandmarkets fromthepreviousday'splunge.

The Hang Seng index rose 0.2%, to23,527.43, while the China EnterprisesIndex gained 0.4%, to 11,372.62 points.

China stocks rebound frompreviousday's tumble. The ShanghaiCompositeIndex gained 2.9%, to 2,940.01 points.

Asianmarketsendmixed;Nikkeislumps2%

ikkei stockaverage tumbled2.3%,asastrongeryenprompted investors to sell

exporters' sharesN

Sharesofplasticproductsmaker

Nilkamal soared 15%toRs492onthe

backofheavyvolumes. The trading

volumes more-than-doubledwitha

combinedaround1,642582shares

representingnearly6%of totalequity

changedhandsonNSEandBSE.

In past onemonth, the stock

rallied 51% fromRs 331 on November

10, as compared to a 0.08% fall in the

benchmark index CNX Nifty.

According analyst at Nirmal Bang,

the fall in Indian crude oil basket price

will boost grossmargin of the

company.With a lowermargin

structure, percentage increase in net

profit because of a sharp fall in crude

oil priceswill be very high.

Nilkamal hits record high;up over 50% in 1 month

Shares in SKS Microfinance rallied

11% to Rs 388 on the National

Stock Exchange (NSE) after UBS

initiate coverage on the stock with

‘Buy’ rating and price target of Rs

500. According to the brokerage,

due to its strong growth potential

and high return on equity (ROE), SKS

Microfinance is one of our preferred

non banking finance company

(NBFC) picks.

NBFC-micro finance institutions

(MFIs) are now regulated by the

Reserve Bank of India, and new

regulations restrict leverage and

lending rates. MFIs are also more

geographically diversified than

before the Andhra Pradesh crisis. We

think regulations on small finance

banks could pave the way for MFIs to

become small banks, which we

believe would improve their liability.

SKS Microfinance gains11% on UBS upgrade

EUROPE LAST CHG (%)FTSE 100 6,545.15 0.24

DAX 9,855.31 0.63

CAC 40 4,275.47 0.27

ASIA LAST CHG (%)Hang Seng 23,524.52 0.16Nikkei 225 17,412.58 -2.3Taiwan 9,032.16 -1.07Straits 3,322.72 0.09Shanghai 2,940.88 2.88Kospi 1,945.56 -1.31

GLOBAL MARKETS

EXPERT SPEAK smartinvestor.in

6

Robust US jobs data suggests thatgrowth ispickingup in theworld'slargesteconomy.Howwill thisandthe expectations of a rate hike bythe US Federal Reserve impact theIndianmarkets?Rate hike expectations are

probably discounted and may justhave a temporary effect. Reforms atthe ground level will be more criticalfor sustaining interest in the Indianequities. Broadly, one would beadvised to take part profits at currentlevels, particularly in scrips thathave seen a sharp run up in therecent months.

The CPI data is due on Friday.With both CPI and WPI datalikely to decline further, what isyour call on rate-sensitivesectors? What would be your topthree picks?Banking sector should be the pre-

ferred space, but I would refrain frompicking any stocks now as some cool-ing off is expected after the francticrise in the past fewmonths.

The recent trend in metal stocksseemstobecontrary to themarket

movement. With data from Chinashowing signs of weakness, whatis your call on the metals sector?Can you suggest any large-cap ormid-cap metal shares that areattractively valued at current lev-els?By and large all large cap compa-

nies have issues whether it is TataSteel, Hindalco, Jindal group or oth-ers. So, it would be better to focus onuser industries, who will be benefi-ciaries rather than on themetal coun-ters. Autos, auto ancillaries, forgings,

etc. would be the preferred space.

Commenting on the rally in thebroader markets during your lastinteraction, you had picked fertil-izers, logistics,andspecialtychem-icals as your preferred picks.Would you now revise or updateyour list?All the three sectors look good

though in the immediate short termsome correction may be seen onaccount of these sectors being over-stretched. From these sectors, TataChemicals, GatewayDistriparks, AartiIndustries and Deepak Nitrite wouldbe our preferred picks.

Whatwouldbeyouradvice to first-time investors in the stock mar-kets? Given that the movement ofindices may mask the actualdynamics of the markets, howshould a novice start building uphis/her portfolio?My advice would be not to get car-

ried away and focus on SIP via mutu-al funds or to follow scrip specificroute which will average out holdingcost over the period and would bringgains in the long run.

KK SSuubbrraammaannyyaammtells Faraan Tarique that government reforms areessential for the markets from a mid-term perspective. Saying thatmarkets have already discounted the rate hike from US Federal Reserve,he suggests booking partial profits in stocks with sharp gains. Editedexcerpts:

'Book partial profits in stockswith sharp gains'

K SUBRAMANYAM assistant vice-president (institutional research), Asit C. Mehta Securities

IPO smartinvestor.in

7

VIVEAT SUSAN PINTO &REGHU BALAKRISHNAN

Indore-based Prataap Snacks is alittle known snack food company.But sales of the firm, thanks to its

Yellow Diamond range of chips andsnacks, is in the region of Rs 600-700crore per annum. The buzz is that theSequoia-Capital-backed companymay consider an initial public offer inabout three years to give an exit to itsprivate equity partners, who'vepumped in Rs 180 crore (for an undis-closed stake), since May 2011.Valuations are expected to be steep if

the current price-to-earnings (PE)ratio of consumer product companiesis taken into account. Consider this: Apparel maker

Monte Carlo, which launched its ini-tial public offering (IPO) last week inthe price band of Rs 630-Rs 645 perunit, valued its Rs 350-crore issue at 25times its PE ratio. ManpasandBeverages, the maker of the MangoSip brand of juices, which has justfiled its draft red herring prospectuswith the Securities & Exchange Boardof India (Sebi), is expected to com-

mand a similar valuation for its Rs400-crore issue, likely mid next year.The same goes for Rajkot-based

Balaji Wafers, which is now mulling anIPO following its failure to raise mon-ey via the PE route. Balaji's rumouredstake sale talks with PepsiCo andKelloggs also didn't go through owingto steep valuation demands from thepromoter family, the Viranis. Yet, the company appears to be

adamant with its enterprise valua-tions.In a conversation with Business

Standard a few months ago, KeyurVirani, director, Balaji Wafers, hadpegged the value of his firm at overthree times FY14 sales of Rs 1,200crore. He had said that he was lookingto raise Rs 400 crore from the capitalmarkets to fund his expansion plans.What these examples suggest is

this: Small and mid-sized consumerproduct companies are going for thekill when it comes to IPO valuations.The prospect of a good response evenat a steep price, the continued interestof investors in India's consumptionstory as well as the company's ownfuture prospects are prompting pro-moters to be aggressive when it comesto valuations. Ritesh Chandra, head of the con-

sumer group at investment bankAvendus Capital, says, "The potentialof these tier II, III companies to growas national players is pretty high.Besides, these tightly-controlled busi-nesses of promoter-driven companieshave better profit margins thannational players. It is these advantagesof high profitability and high returnon capital ...

he endeavour to make a significant gainon listing is pushing firms to price an IPOat the maximum possible level

T

As IPO market picks up, smallFMCG firms go for valuation kill

Read more...

Buoyant marketsprompt tier-II and III

entities to demand steepvaluations for their

issuances

ASHLEY COUTINHO

The offer for sale (OFS) season ison. In the next few weeks, thegovernment is likely to offload

stake in quite a few public sectorundertakings (PSUs) such as ONGC,Nevyeli Lignite and Coal India.

Retail investors — those who bidup to Rs 2 lakh in an offering — needto keep a few things in mind beforethey participate in the government's

disinvestment through an OFS.First, investors need to be choosy

about which OFS to invest in, mak-ing sure the companies are funda-

mentally strong and well-managed.They also need to look at factors

such as the discount and the floorprice of the issue. Retail investors aretypically given a discount of 5% inthese offerings. Investors also need totrack the change in price of the com-pany two to three months before theOFS date.

First time investors need to makesure they have a demat account andpermanent account number (PAN) toparticipate in the OFS. Investors canuse their online trading accounts suchas ICICI Direct and Kotak Securitiesby placing their bids under the OFSsection of their respective brokingwebsites. There may be instances,however, where investors may not beable to place their bids online direct-ly and will have to get in touch withtheir respective brokers to completethe transaction.

Investors have to pay the amountto brokers in advance. The broker willin turn put in his bid allotment, andthe shares will get allotted in theinvestors' name. Any refund will bereturned by the broker. Since the set-tlement is done through the clear-

inghouses, all transactions have tobe carried out through the broker

as the stock exchanges rec-ognize only the broker.

The good newsfor retail

investors is that toencourage participation of

small investors in PSU disinvest-ments, the government has decided tohike the quota reserved for retailinvestors to 20% for the forthcomingstake sales in firms such asONGCandCoal India.

Market regulator Sebi has nowallowed retail investors to bid at thecut-off price, which does away theneed for price discovery for retailinvestors as they can simply bid at thecut-off price and be assured of anallotment.

PERSONAL FINANCE smartinvestor.in

8

ThingsOFSinvestorsneedtokeepinmind

Investors require ademat account andpermanent account

number to participatein the OFS

etail investorsneedto lookat companyfundamentals,discountbeingofferedbefore investing

R

SPECIAL REPORT smartinvestor.in

9

ITIKA SHARMAPUNIT

The third edition of Google’sannual Great Online ShoppingFestival (GOSF) has kicked off

and several buyers have alreadymadetheir first purchases before stocks runout or deals end. The three-day eventwill have over 400 brands and e-com-merce portals offering deals and dis-counts. Here’s a look at 10 things youmust know about GOSF:

1. WHERE TO SHOP: As part ofGOSF, most leading e-commercecompanies are running deep dis-counts and purchases could bemadeat any of those. Additionally, buyerscan also accessGOSF sale through thegosf.inwebsite, which displays trend-ing deals across websites. One couldalso use price-comparison websitesto find the best deals available. Someof the e-commerce websites partici-pating in GOSF this year aresnapdeal.com, ama-zon.in, ebay.in,limeroad.com,shopclues.com andjabong.com

2. FLIPKARTGIVESA MISS: In case youwere refreshing flip-kart.com’s homepageand waiting for thedeals to start, the e-commerce major haschosen not to participatein GOSF this year. The

Bengaluru-based e-tailer was anactive participant in the previous twoeditions of GOSF. However, this yearthe dates of Google’s event clashwithFlipkart’s Big App Sale, where thecompany is offering discounts to buy-ers who make purchases through itsmobile application. Experts believeFlipkart’s decision might havestemmed from the fact that the com-pany has managed to create a strongbranding for itself and does not needto piggyback GOSF to attract buyers.

3. 2013 EXPERIENCE: Launchedin 2012 by Google to boost onlineshopping in India, GOSF sawover twomillion unique visitors (half of whichwere women) last year, according todata

released by the internet giant.Leading e-tailers like Snapdeal, eBayandMyntra had said theywitnessed asignificant uptick in sales duringGOSF 2013. According to Google, theover 200 e-commerce websites thatparticipated in GOSF saw a rise ofthree to four times in sales.While sev-eral other online sales in the past haveexperienced heavy traffic duringmorning hours, GOSF 2013 had seenpeak traffic between 2 pm and 8 pm.

4. EXCLUSIVES: This year, GoogleIndia has created an ‘exclusive launchcorner’, where it will release several ofits products for the first time forIndian buyers. Under this category,the company is expected to launchGoogle Nexus 6 smartphone, alongwith Chromecast, a digital mediaplayer developed by Google.

5. GLITCHES: Technical glitcheshave become synonymous withonline sales in India. Even aswebsiteswould be better prepared for handlingtraffic after Flipkart’s ‘Big BillionDay’fiasco, some buyers say they facedissues while making purchases thismorning aswell.While some said theywere unable to complete transactionson some websites, a few others saidwhen they added certain items tocarts their prices automaticallychanged to undiscounted rates.

6. POLICIES: Like for several otheronline and offline sales, various e-commerce websites change theirreturn and exchange policies duringGOSF. Therefore, before making anypurchase, it is best to check the web-site’s policies.

10thingsyoumustknowaboutGoogle'sGreatOnlineShoppingFestival

hethree-dayonline festivalkicksofftodayandrunsacrossmoste-commerceportals

T

Read more...

10

CORPORATE NEWS smartinvestor.in

DLF saidithadtakenalltherequired

approvalsforthedevelopmentof

housingprojectatKochiandwouldtake

appropriatemeasuresafterreadingthe

recentorderofKeralaHighCourt.The

companywasreactingtotheDecemeber8

KeralaHighCourtorderdirectingitto

demolishcertainportionsofitsapartment

complex,constructedonthebanksof

ChilavanoorbackwatersinKochiin

violationofCoastalRegulationZone.

SWARAJ BAGGONKAR

Sports utility vehicle marketleader, Mahindra &Mahindra isreportedly planning to takeover

National Electric Vehicle Sweden AB(NEVS), the holding company thatpurchased assets of Saab Automobiletwo years ago, according to documentsfiled in a local Swedish court.

NEVS,which earlier ran into finan-cial difficulties, signed a term sheetwith M&M two weeks ago to beginintense negotiations. Mumbai-basedM&M is one of the two companies(bothAsian) that have evinced interestin NEVS; the other one is believed tobe a company of Chinese origin.

A document filed in court by aNEVS creditor had mentioned M&Mas the automaker that was about tobuy a stake in the Swedish company,said a Dow Jones report.

Approached for a response, aspokesperson for M&M said in anemail: “We would not offer any com-ments on the issue.”

MANSI TANEJA

Google'sGreatOnlineShoppingFestival(GOSF) has become a launchpad for

twoprojectsofrealestatefirmTataHousing- one luxury in Bangalore and anotheraffordable in Mumbai, a move whichexpertssaywouldsoonmakeonlineapre-ferred medium of buying a home. 'TheCascades', the luxuryproject inBangalorespread over 5 acre will have 75 indepen-denthomespricedataroundRs3.5crore.ThetotalcostoftheprojectisaboutRs150crore. In another project of Tata Housing

subsidiary -TataValueHomesinBoisar,Mumbai,thehomeswillbeavailablestartingRs16lakhs.Both the projects are being sold exclu-sively during GOSF which started today.The companyalsohas schemes for sevenotherprojectsacrossIndia.

Ahomecanbebookedbypayinganamount of Rs 20,000-50,000 on Tata'sunits while others are offering manyfreebies and per sq ft discounts to lurecustomers.

TataHousing launches twoprojectsonGOSF

M&M said to be buyingstake in Swedish Co

ccording toacourt filing,M&Misabouttopickupastake inNational ElectricVehicle Sweden

A

GodrejGroup,which iseyeing

acquisitions to fuelgrowth, said it

wasexpectinga20%CAGRby2020.

AdiGodrej saidChinawouldovertake

USA in the long-runand India,because

of itsdemographic strength,would

emergeas the leader in theworld

economy.

Godrej was looking at a '20% CAGR

by 2020 both organically and

inorganically'. The company is

targeting a 26% increase in its sales

and is in talks to acquire the DGH,

which operates in 14 countries across

Africa selling hair extension products.

Godrej eyes acquisitionsto fuel growth

DLF says it took necessaryapprovals for Kochihousing complex

Axis Bank is planning to raise

around $100million from IFC. The

World Bank's investment arm said it

will invest upto $100million

equivalent in Indian rupees in a

fixed-rate, infrastructure bond

issued by Axis Bank. The investment

comes at a time when the BJP has

declared infrastructure development

and access to affordable housing

finance as top priorities .

Axis Bank to raise $100million from IFC

Read more...

Read more...

The govt may finalise the proposal

for coal linkage rationalisation

and swapping arrangements of 40

thermal power projects,whichmay

save up to Rs 6,000 crore in logistics

cost. It includes swapping agreement

for power projects of companies

including Adani Power, Indiabulls

Power and NTPC, among others.

The Inter Ministerial Task Force

has approved coal linkage

rationalisation for 18-20 thermal

power plants, according to sources.

CORPORATE NEWS smartinvestor.in

11

PRESS TRUST OF INDIA

Looking to cash in on e-com-merce boom, Reliance Capitalis all set to sell its 16 per cent

stake in leading travel portalYatra.Com for an estimated Rs 500crore and is in talks with 2-3 interna-tional investors. The deal wouldmarkan over 12-times appreciation for thisinvestment by Reliance Capital, thefinancial services armofAnil Ambani-led business conglomerate RelianceGroup, which had acquired a 16 percent stake in the online travel compa-ny for Rs 40 crore in 2006.

Sources said that Reliance Cap isin talks with 2-3 leading international

investors to sell this 16 per cent stakefor an estimated $80 million (aboutRs 500 crore). The identity of the inter-ested buyers could not be ascertained.

When contacted, aRelianceCapitalspokesperson said: "We continuouslyevaluate opportunities to unlock thevalue of our minority investments toenhance shareholders value."

While the spokesperson did notgive any further details, sources saidthat Reliance Cap aims to close thetransaction in 4-6 weeks and the dealwould put the total valuation ofYatra.Com at around $500 million orabout Rs 3,000 crore.

PRESS TRUST OF INDIA

Drug major Cipla today said itsMauritius subsidiary Meditab

Holdings has signed a deal to sell itsentire 48.22% stake in China-basedJiangsu Cdymax Pharmaceuticals for$18.5 million (over Rs 114 crore).

"MeditabHoldings Ltd,Mauritius,awholly owned subsidiary of the com-pany, has entered into a definitiveagreement to sell its entire 48.22%equity interest in Jiangsu CdymaxPharmaceuticals Co Ltd, China to anaffiliate of one of the other sharehold-ers of Jiangsu, for a total consideration

of USD 18.5 million," Cipla said in afiling to the BSE.

The closing of the transaction issubject to receipt of applicable regu-latory approvals in China, it added.

Cipla's arm Meditab sells stake inJiangsu for $18.5 million

RelianceCapitaltosellYatra.ComstakeforRs500cr

Read more...

eliance Cap aims to close thetransaction in 4-6weeksR

Reserve Bank of India (RBI) Deputy

Governor SS Mundra said banks

may demand higher equity from

companies that are highly leveraged

before offering fresh loans to such

firms. Banks may decide on the debt

to equity ratio individually for

companies, he added. Mundra also

said the central bank remains

vigilant towards Indian companies

issuing high-yield bonds overseas.

Banksmay demand higherequity fromhighlyleveraged firms: Mundra

Govt may soon rationalisecoal linkages of 40 powerprojects

AvekshaaTech,anarchitecture-ledIT

consultingandservicesstartupfloated

byformerexecutivesofInfosys,received

$500,000 venturecapitalfundingfrom

KITVENforanenterprisevaluationof$8

million.

"Wewill use the funds to further

expand in the US and Australian

marketswhichwe forayed into earlier

this year, besides strengthening our

presence in India," said Rajinder .

Avekshaa raises $500,000from Karnataka IT VentureCapital Fund

POLITICS smartinvestor.in

12

437 polling stations inJammudeclared sensitive

PRESS TRUST OFINDIA

Around437

polling

stationsinthe

Jammudistrict

weredeclared

todayas

'sensitive'and'hyper-sensitive',ahead

ofthefifthphaseofJammuand

KashmirAssemblyelections.

As many as 354 polling stations

are sensitive while 83 are hyper-

sensitive in the Jammu district,

District Electoral Officer Jammu, Ajeet

Kumar Sahu said today. There are a

total of 1,224 polling stations in the

district, he said. As many as 10,10,959

electorate including 5,23,945 males

and 4,87,012 females are expected to

exercise their franchise in the fifth

and final phase of the Assembly

elections on December 20.

Eleven Assembly constituencies

of Jammu along with 9 others will

go to polls in 11 segments later this

month, the election official said,

adding that 117 candidates are in

the fray. Jammu, a border district

had faced the brunt of cross-border

shelling and firing in August and

October this year, that left 15 people

killed and over 100 injured. The

district with 7 out of the 11 Assembly

segments along the border line

with Pakistan, has the most

sensitive polling stations, Sahu

said.

Three measures including

deployment of micro observers,

videography of poll process and web

casting of polling booths have been

initiated to keep a tab on the polling,

he said. More than 400 polling

stations shall be covered by the three

measures to keep a check on

unscrupulous elements, the official

informed.

PRESS TRUST OF INDIA

BSP and Congress today sought tocorner the govt over the reported

conversion ofMuslims toHinduism inAgra, saying changing religion byforce and by allurement was illegal.The govt, however, washed its hand-off the issue saying law and order is astate subject.Mayawati said RSS-affil-iate Bajrang Dal converted someMuslim families toHinduism inAgraby force and by allurement.

"This is a serious matter as allure-ment was given to poor to get themconverted," she said, adding a simi-lar exercise is planned in Aligarh bywhere Christians will be converted toHinduism.

The Constitution guarantees reli-gious freedomand it was responsibil-ity of both theCentre and state govt toensure safety of life, property and reli-gion of all.

PRESS TRUST OF INDIA

FinanceMinisterArunJaitleywilltomorrow meet his state coun-terparts to iron out the

'challenges' in rollingout theGoodsandServicesTax (GST). "Themeetingwoulddiscuss someof the challenges that thestates seeat thispointof time",Ministerof State for Finance Jayant Sinha toldreporters on the sidelines of DelhiEconomics Conclave here today.

"On GST we are working on varietyof discussions with the states. The leg-islative aspects of the GST are compli-cated, they have to be approved by thestates. CST compensation is one of theitem which is under discussion," hesaid. The Centre is working towardsrolling out the GST from April 1, 2016,and is indiscussionwith states to insu-

late their revenues from the impact ofthe GST. The GST will subsume indi-rect taxes like excise duty and servicetax at the central level and VAT andlocal levies on the states front. Sinhasaid once the issues are resolved theCentrecancomeupwith the legislativecalender. The GST ConstitutionalAmendmentBill,whichwas introducedin the Lok Sabha in 2011, had lapsedand the NDA government will berequired to come up with a fresh bill.Stateshavebeendemandingthatpetro-leum,alcoholandtobaccobekeptoutofthe purview of theGST.

TheGST roll out hasmissed severaldeadlinesbecauseof lackof consensusamongstatesovercertaincrucial issueson the proposed new tax regime.

BSP,CongressattackCentreonreligiousconversion inAgra

JaitleytomeetstateFMstomorrowonGST

Read more...

Read more...

heCentre isworking towards rollingouttheGST fromApril 1, 2016T

TECHNICALS smartinvestor.in

13

STOCK S2 S1 PX_LAST R1 R2 SMAVG SMAVG SMAVG RSI

ACC LTD 1415 1424 1439 1453 1462 1467 1454 1396 42AMBUJA CEMENTS LTD 215 217 218 220 221 228 221 210 -49ASIAN PAINTS LTD 558 562 568 575 579 730 678 588 -66AXIS BANK LTD 1832 1845 1866 1888 1901 482 441 369 63BAJAJ AUTO LTD 2144 2158 2180 2202 2216 2634 2520 2193 -46BANK OF BARODA 816 822 831 839 845 1053 966 847 60BHARAT HEAVY ELECTRICALS 234 236 239 242 243 263 243 222 -45BHARAT PETROLEUM CORP LTD 540 545 553 561 565 716 699 577 -36BHARTI AIRTEL LTD 335 336 339 341 343 385 394 353 -28CAIRN INDIA LTD 367 369 372 375 377 264 279 324 39CIPLA LTD 416 420 426 432 435 631 624 479 57COAL INDIA LTD 378 381 386 392 395 353 351 339 -58DLF LTD 204 206 208 211 212 149 140 173 64DR. REDDY'S LABORATORIES 2412 2423 2439 2456 2466 3496 3278 2827 49GAIL INDIA LTD 433 435 439 443 445 477 472 425 -37GRASIM INDUSTRIES LTD 3456 3473 3501 3529 3547 3515 3492 3202 41HCL TECHNOLOGIES LTD 1423 1431 1444 1457 1465 1628 1628 1514 42HDFC BANK LIMITED 814 817 822 827 830 936 905 814 53HERO MOTOCORP LTD 2488 2500 2521 2542 2554 3099 3001 2551 59HINDALCO INDUSTRIES LTD 160 161 164 166 168 162 156 153 -41HINDUSTAN UNILEVER LTD 618 621 624 628 630 784 759 659 -57HOUSING DEVELOPMENT FINANCE 961 964 969 974 977 1126 1081 981 -46ICICI BANK LTD 1377 1384 1397 1409 1417 348 325 286 60IDFC LTD 127 128 129 130 130 158 150 135 51INDUSIND BANK LTD 550 552 556 559 561 744 697 569 69INFOSYS LTD 3288 3299 3317 3334 3345 2098 1999 1766 -35ITC LTD 333 334 336 338 339 373 365 349 68JAIPRAKASH ASSOCIATES LTD 69 70 71 73 74 31 30 51 36JINDAL STEEL & POWER LTD 313 315 319 322 324 148 157 247 47KOTAK MAHINDRA BANK LTD 917 922 931 939 944 1176 1101 926 68LARSEN & TOUBRO LTD 1629 1636 1648 1660 1667 1627 1566 1477 -36LUPIN LTD 984 990 999 1009 1015 1457 1406 1140 -48MAHINDRA & MAHINDRA LTD 1119 1129 1144 1159 1169 1267 1286 1184 49MARUTI SUZUKI INDIA LTD 2344 2353 2366 2380 2388 3346 3205 2515 -52NMDC LTD 170 172 174 175 177 143 154 160 -31NTPC LTD 150 150 152 153 154 142 142 138 35OIL & NATURAL GAS CORP LTD 408 412 418 423 427 377 393 380 38POWER GRID CORP OF INDIA LTD 131 131 132 133 134 141 140 126 43PUNJAB NATIONAL BANK 940 944 952 959 964 1025 962 877 69RANBAXY LABORATORIES LTD 461 464 469 474 477 628 622 520 -56RELIANCE INDUSTRIES LTD 1027 1031 1037 1042 1046 972 961 975 -35SESA STERLITE LTD 287 289 292 295 296 235 247 246 38STATE BANK OF INDIA 2548 2562 2583 2605 2618 305 276 239 65SUN PHARMACEUTICAL INDUS 620 625 631 638 642 848 837 718 -45TATA CONSULTANCY SVCS LTD 2269 2278 2292 2307 2315 2608 2608 2383 -37TATA MOTORS LTD 432 435 438 442 444 526 517 462 43TATA POWER CO LTD 99 100 101 102 103 90 88 90 42TATA STEEL LTD 510 514 520 526 530 465 464 467 -34ULTRATECH CEMENT LTD 2689 2704 2727 2751 2766 2502 2516 2389 52WIPRO LTD 529 532 537 541 544 575 575 554 -35

KEY SUPPORT, RESISTANCE LEVELS

S1, S2, R1, R2 are support and resistance levels, look to buy near support, and sell near resistance levels; DMA = Daily Moving Average; Stocks where 20-DMA is higher than50-DMA are said to be in positive trend and vice versa; Bollinger Bands = Trading bands, stocks tend to bounce from lower end, and retrace from higher end. However, in caseof break-outs we see bigger rises, slides; RSI = Relative Strength Index, RSI above 70 is overbought while below 30 is oversold; + value strength on the back of rising RSI,and - value is vice versa;

smartinvestor.inMARKET REPORT smartinvestor.in

14

Company Prev Current % P/E 52wk

Close Close Chg (times) High/Low (Rs)

Company Prev Current % P/E 52wk

Close Close Chg (times) High/Low (Rs)

Aban Offsh 506.55 484.30 -4.39 5.08 940/333ACC 1,432.80 1,436.00 0.22 24.26 1570/971Adani Enter 443.50 446.85 0.76 13.34 585/210Adani Ports 269.50 275.30 2.15 27.95 309/141Adani Power 43.50 44.90 3.22 7.12 69/32Adi Bir Nuvo 1,723.60 1,735.90 0.71 18.26 1913/1030Ahd Forging 386.60 386.65 0.01 7.36 520/96Allahabad Bk 125.40 131.20 4.63 9.69 150/72Amara Raja 725.90 722.90 -0.41 32.37 795/314Ambuja Cem 226.05 225.70 -0.15 23.56 244/151Amrutanjan 488.40 504.80 3.36 45.48 531/118Amtek Auto 209.40 211.00 0.76 14.37 272/62Andhra Bank 84.45 89.55 6.04 13.71 110/54Apollo Hosp 1,126.25 1,135.00 0.78 46.57 1243/817Apollo Tyres 222.25 227.40 2.32 21.41 243/80Arvind 269.05 272.80 1.39 17.65 341/119Ashok Leyland 50.10 50.65 1.10 53.88 56/15Asian Paints 782.05 775.90 -0.79 57.14 809/461Aurob Pharma 1,128.80 1,124.35 -0.39 19.2 1171/296Axis Bank 488.65 489.30 0.13 17.19 506/217Bajaj Auto 2,602.95 2,565.30 -1.45 24.75 2690/1796Bank of Baroda 1,049.55 1,072.00 2.14 9.92 1126/509Bank of India 281.05 294.05 4.63 6.91 357/166Bata India 1,277.95 1,280.50 0.20 43.19 1413/895BEML 783.10 798.50 1.97 NA 878/180BF Utilities 600.40 604.10 0.62 1776.76 818/340Bharat Elctn 2,841.25 2,809.60 -1.11 21.87 3140/895Bharat Forge 946.75 965.35 1.96 42.21 1016/304Bharti Airtel 354.25 353.50 -0.21 34.76 420/282Bharti Infratel 319.15 332.85 4.29 28.16 323/161BHEL 259.05 253.10 -2.30 21.67 292/146Biocon 455.05 455.20 0.03 21.52 554/379Bosch 20,012.5019,724.40 -1.44 57.44 21168/8701BPCL 671.10 668.40 -0.40 10.37 785/315Britannia 1,788.15 1,799.00 0.61 39.33 1854/812Cairn Ind 254.30 256.80 0.98 5.18 385/252Canara Bank 400.10 414.35 3.56 7.79 498/209Castrol 513.75 512.55 -0.23 54.07 544/282CEAT 835.15 828.30 -0.82 13.49 1009/266Century Tex 515.85 523.10 1.41 76.14 651/246CESC 637.85 655.25 2.73 12.52 828/387Cipla 639.85 649.35 1.48 43.23 672/367Coal India 361.05 360.15 -0.25 15.63 424/241Colgate 1,809.20 1,838.50 1.62 49.07 2050/1253Cox & Kings 276.30 275.35 -0.34 252.61 366/94Crompton Grv 177.85 182.45 2.59 44.07 231/102Dabur India 239.20 239.00 -0.08 42.99 249/154Delta Corp 91.55 92.75 1.31 NA 128/77Dewan Hsg 387.20 391.10 1.01 8.69 428/161Dish TV 64.30 66.15 2.88 NA 69/43

Dishman Phar 128.95 128.35 -0.47 10.91 197/77Divis Lab 1,670.85 1,675.00 0.25 27.46 1882/1095DLF 159.20 160.00 0.50 47.34 243/100Dr Reddys 3,354.85 3,400.95 1.37 26.04 3662/2250Eicher Motor 14,367.1014,389.45 0.16 69.9 15773/4405Enginers Ind 228.15 232.85 2.06 20.77 331/142Escorts 127.30 129.40 1.65 15.31 174/102Exide Ind 171.65 174.80 1.84 28.52 183/99Federal Bank 138.30 140.75 1.77 12.44 153/72Finan Techno 208.25 213.85 2.69 8.29 404/136Force Motors 1,236.20 1,257.75 1.74 20.32 1463/282GAIL 464.50 455.15 -2.01 12.62 551/332GATI 262.80 266.35 1.35 90.29 342/27Glenmark 805.05 795.80 -1.15 35.43 840/496GMR Infra 19.25 19.30 0.26 NA 38/17Godrej Ind 282.80 284.75 0.69 27.12 372/248Granules 747.90 752.05 0.55 17 941/172Grasim Ind 3,377.55 3,411.40 1.00 16.36 3755/2432GSFC 100.35 104.95 4.58 8.94 125/44Havells I 333.00 310.60 -6.73 39.97 338/144HCL Info 56.90 58.35 2.55 NA 95/19HCL Techno 1,559.80 1,573.15 0.86 17.31 1775/1122HDFC 1,103.60 1,100.05 -0.32 30.31 1177/756HDFC Bank 927.15 930.95 0.41 24.28 965/618HDIL 75.10 73.55 -2.06 10.48 114/39Hero MotoCorp 3,135.65 3,171.20 1.13 26.33 3272/1907Hexaware Tch 211.85 213.95 0.99 19.15 231/113HFCL 19.75 20.15 2.03 11.32 24/7Hind Zinc 168.30 166.60 -1.01 9.5 184/115Hindalco 154.40 154.20 -0.13 32.19 199/97Hitachi Home 817.85 817.95 0.01 41.95 909/129HPCL 581.95 574.40 -1.30 5.16 618/212HUL 813.50 798.90 -1.79 43.42 829/536ICICI Bank 350.40 352.50 0.60 19.35 366/189IDBI Bank 69.10 71.30 3.18 13.53 117/53Idea Cellular 146.10 142.50 -2.46 20.16 184/125IDFC 153.70 155.85 1.40 14.91 175/88IFCI 37.45 38.05 1.60 10.87 45/22Ind Ove Bank 58.70 62.30 6.13 20.84 90/42India Cement 85.80 86.50 0.82 NA 134/46Indiab Real 71.30 72.40 1.54 21.05 109/45Indiabulls Hous 446.40 460.60 3.18 9.52 485/188Indraprst Gs 434.70 436.50 0.41 14.78 466/239IndusInd Bank 771.75 782.45 1.39 25.93 799/369Info Edge 913.00 900.90 -1.33 78 1015/431Infosys 1,964.80 1,963.70 -0.06 19.03 2201/1447ING Vysya Bk 849.15 853.45 0.51 25.86 873/493IOC 347.95 344.80 -0.91 8.33 411/195Ipca Labs 710.20 714.50 0.61 18.67 907/630IRB Infra 251.75 256.75 1.99 17.42 289/68

MOST ACTIVE STOCKS - TOP 200

MARKET REPORT smartinvestor.in

15

Company Prev Current % P/E 52wk

Close Close Chg (times) High/Low (Rs)

Company Prev Current % P/E 52wk

Close Close Chg (times) High/Low (Rs)

ITC 394.25 394.90 0.16 34.01 400/310Jain Irrig 78.95 80.30 1.71 31.74 133/56Jet Airways 428.10 436.75 2.02 NA 439/204Jindal Saw 104.50 106.05 1.48 12.37 116/45Jindal Steel 145.05 148.85 2.62 7.46 350/128JK Tyre Ind 639.45 646.85 1.16 16.38 692/134JP Associat 27.65 28.00 1.27 NA 90/24JP Power 12.52 12.63 0.88 84.2 27/11JSW Energy 90.60 93.65 3.37 14.84 99/42JSW Steel 1,108.05 1,119.75 1.06 11.5 1365/805Jubilant Fd 1,340.35 1,315.55 -1.85 74.79 1498/939Just Dial 1,432.50 1,423.90 -0.60 81.13 1895/983Karnataka Bk 146.60 151.75 3.51 7.19 157/91Kotak Mah Bank 1,228.60 1,243.00 1.17 35.91 1261/631L & T 1,561.15 1,545.45 -1.01 24.33 1775/952L&T Finance Hol 70.85 72.00 1.62 16.22 88/62LIC Hsg Fin 433.15 460.40 6.29 17.08 441/187Lovable Lngr 389.40 392.05 0.68 36 458/270Lupin 1,432.25 1,430.90 -0.09 28.13 1500/851M & M Fin 312.75 322.15 3.01 20.18 356/230Mah & Mah 1,266.60 1,265.30 -0.10 21.47 1421/847Marico 321.60 329.50 2.46 40.28 350/200Marksans Ph 53.50 53.90 0.75 NA 69/13Maruti Suzuki 3,332.25 3,321.05 -0.34 32.3 3434/1541Mastek 260.45 257.90 -0.98 17.9 337/134Mcleod Russl 229.85 235.85 2.61 20.51 330/227MCX 854.10 856.35 0.26 36.9 923/383MindTree 1,181.80 1,187.15 0.45 21.88 1270/649Monsanto I 3,079.65 3,077.30 -0.08 42.4 3590/686Mothersons S 416.85 422.85 1.44 41.01 450/178MRF 37,033.7037,223.75 0.51 17.58 39500/17500NBCC 854.50 874.10 2.29 41.08 923/134NCC 79.40 82.85 4.35 104.87 83/14NHPC 19.40 19.35 -0.26 25.13 30/17NMDC 140.00 137.05 -2.11 7.75 196/123NTPC 135.05 135.60 0.41 10.94 169/111Oil India 572.35 572.05 -0.05 11.74 669/439ONGC 352.35 360.95 2.44 13.88 472/264Oracle Fin 3,297.80 3,300.00 0.07 23.79 4179/2775Oriental Bank 308.90 320.10 3.63 8.06 377/161Petronet LNG 189.80 194.10 2.27 20.09 209/103PNB 1,085.80 1,108.05 2.05 11.33 1136/509Polaris Consul 196.00 198.75 1.40 17.16 278/122Power Fin 277.45 293.45 5.77 6.68 344/129Power Grid 134.90 137.40 1.85 15.77 151/93PTC I Financial 54.50 56.40 3.49 13.03 60/12PTC India 93.35 95.25 2.04 9.4 105/52Ranbaxy Labs 647.00 642.90 -0.63 NA 698/306Redington 132.40 138.30 4.46 15.25 148/63Rel Ind Infra 505.40 508.55 0.62 32.25 659/308

Reliance Cap 515.60 538.00 4.34 16.23 668/305Reliance Com 95.85 95.60 -0.26 21.93 157/93Reliance Ind 939.30 932.05 -0.77 13.38 1143/794Reliance Infra 553.20 562.50 1.68 9.57 820/351Reliance Power 64.30 64.75 0.70 17.5 113/60Rolta 103.95 103.05 -0.87 4.8 128/62RS Software 506.90 502.85 -0.80 10.36 830/166Rural Elect 309.45 324.55 4.88 6.16 383/167SAIL 79.45 79.75 0.38 15.22 113/54SBI 306.70 316.10 3.06 15.45 327/146Sesa Sterlite 220.80 222.65 0.84 12.04 318/170Sharda Crop 256.85 264.50 2.98 21.49 310/218Shriram TrFn 1,142.95 1,187.85 3.93 22.37 1222/550Siemens 887.75 901.45 1.54 53.21 1010/512Sintex Ind 97.65 98.40 0.77 8.76 107/31SKS Microfin 348.95 386.50 10.76 31.53 378/164Snowman Logiest 102.65 102.45 -0.19 NA 135/75Spicejet 15.65 16.20 3.51 NA 22/11SRF Ltd 872.30 867.00 -0.61 16.52 957/197Strides Arcb 894.15 910.10 1.78 6.41 999/344Sun Pharma 840.90 833.20 -0.92 28.38 932/553Sun TV Net 368.70 376.30 2.06 21.08 488/299Suven Life 209.90 208.35 -0.74 20.65 237/65Suzlon Energy 14.18 14.69 3.60 NA 37/9Syndicate Bank 128.20 132.90 3.67 5.22 179/78Tata Chem 431.45 434.65 0.74 NA 460/245Tata Comm 430.00 432.85 0.66 NA 474/260Tata Elxsi 603.65 606.90 0.54 32.26 699/308Tata Global 154.65 155.95 0.84 27.65 177/135Tata Mot-DVR 112.20 112.20 0.00 NA 391/175Tata Motors 503.10 510.80 1.53 8.03 551/331Tata Power 85.40 87.00 1.87 NA 115/69Tata Sponge 625.05 612.40 -2.02 7.17 1204/290Tata Steel 436.10 432.30 -0.87 13.41 579/332TCS 2,517.45 2,510.40 -0.28 22.87 2834/1960Tech Mahindra 2,611.50 2,570.25 -1.58 20.36 2741/1661Titan Company 370.90 385.70 3.99 43.39 424/203TVS Motor 243.75 247.80 1.66 40.89 267/52UCO Bank 82.15 83.50 1.64 6.92 116/62UltraTech 2,480.70 2,511.50 1.24 30.72 2868/1635Union Bank 217.80 225.75 3.65 7.31 260/101Unitech 17.70 18.15 2.54 NA 39/11United Brew 825.00 822.85 -0.26 73.8 860/601United Spirt 2,782.50 2,832.50 1.80 NA 2944/2226UPL 318.15 327.75 3.02 13.54 388/169Voltas 265.65 268.50 1.07 27.65 287/97Wipro 556.80 552.10 -0.84 16.17 622/475Wockhardt 1,007.65 1,009.05 0.14 27.58 1038/337Yes Bank 717.50 717.05 -0.06 16.92 767/292Zee Enter 366.35 371.50 1.41 41.05 402/255

MOST ACTIVE STOCKS - TOP 200

MARKET REPORT smartinvestor.in

16

Company Qty‘000 Price (Rs) Chg (%)

Manaksia 145.57 51.00 4.94

Shaily Engineer. 55.49 118.15 4.98

Lyka Labs 53.60 28.20 4.83

Global Vectra 24.98 66.95 4.94

Pipavav Defence 24.23 46.70 8.10

Multibase India 15.54 265.65 5.00

ION Exchange 14.76 258.60 4.99

JMT Auto 14.75 136.90 19.98

ONLY BUYERSINTRADAY MOVEMENT

Read more...

Company High Low Close % Chg

Alps Motor Fin 64.80 51.00 51.05 -21.22

Lak. Prec. Screw 56.85 47.50 47.50 -16.45

Acknit Indus. 59.90 50.05 50.05 -16.44

Mount Shivalik 37.00 31.10 31.30 -15.41

Store One Retail 42.80 36.15 36.50 -14.72

Tyroon Tea Co. 48.80 42.25 42.25 -13.42

Optiemus Infra. 38.75 32.95 33.60 -13.29

Maha.Shree Umaid 101.80 86.00 88.30 -13.26

FALL FROM INTRADAY HIGHS

Read more...

Name Ex-Date Purpose Rs.

Caplin Point Dec 11, 14 AGM,Dividend 4.00

Sharon Bio Dec 11, 14 AGM,Dividend 0.36

Usher Agro Dec 11, 14 AGM -

Hinduja Fond Dec 12, 14 AGM -

Nova Steel IndiaDec 15, 14 AGM -

FORTHCOMING CORPORATE ACTIONS

Read more...

Company Qty‘000 Price (Rs) Chg (%)

Excel Castro 126.72 38.85 -4.90

Diamond Power 38.33 69.25 -9.95

FE (India) 29.45 31.15 -4.89

iStreet Network 20.31 35.90 -4.90

Omega Ag Seeds 18.42 42.15 -4.96

Pincon Spirit 15.71 172.95 -5.00

Mahavir Advanced 10.90 277.90 -4.99

Havells India 1.74 310.60 -6.73

ONLY SELLERS

Read more...

Company Price (Rs)

High

Indl.& Prud.Inv. 2,210.00

Foseco India 1,337.20

Accelya Kale 993.65

Indian Link Ch. 936.25

Simplex Trading 928.35

Insecticid.India 903.10

Foods & Inns 819.95

LOW

Dalal Street Inv 2,559.40

Butterfly Gan Ap 249.95

Dhanleela Invest 156.05

The Byke Hospi. 149.15

Elder Pharma 138.10

Angels Enterpr 127.20

52-WEEK HIGH/LOWS

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(Rs CR) FII DIIDate Buy Sales Net Buy Sales Net

10-Dec-14 3726.62 3721.23 5.39 1559.64 2078.69 -519.05

09-Dec-14 1477.99 1823.37 -345.38 3661.31 3882.83 -221.52

08-Dec-14 8206.60 3222.00 4984.60 2458.71 1428.06 1030.65

05-Dec-14 4071.22 4180.67 -109.45 1537.30 1371.25 166.05

04-Dec-14 4043.19 3569.19 474.00 1236.04 1822.02 -585.98

FII & DII TURNOVER (BSE + NSE)

Axis Bank 489.30 0.65 0.13B H E L 253.10 -5.95 -2.30Bajaj Auto 2,565.30 -37.65 -1.45Bharti Airtel 353.50 -0.75 -0.21Cipla 649.35 9.50 1.48Coal India 360.15 -0.90 -0.25Dr Reddy`s Labs 3,400.95 46.10 1.37GAIL (India) 455.15 -9.35 -2.01H D F C 1,100.05 -3.55 -0.32HDFC Bank 930.95 3.80 0.41Hero Motocorp 3,171.20 35.55 1.13Hind. Unilever 798.90 -14.60 -1.79Hindalco Inds. 154.20 -0.20 -0.13ICICI Bank 352.50 2.10 0.60ITC 394.90 0.65 0.16

Infosys 1,963.70 -1.10 -0.06Larsen & Toubro 1,545.45 -15.70 -1.01M & M 1,265.30 -1.30 -0.10Maruti Suzuki 3,321.05 -11.20 -0.34NTPC 135.60 0.55 0.41O N G C 360.95 8.60 2.44Reliance Inds. 932.05 -7.25 -0.77Sesa Sterlite 222.65 1.85 0.84St Bk of India 316.10 9.40 3.06Sun Pharma.Inds. 833.20 -7.70 -0.92TCS 2,510.40 -7.05 -0.28Tata Motors 510.80 7.70 1.53Tata Power Co. 87.00 1.60 1.87Tata Steel 432.30 -3.80 -0.87Wipro 552.10 -4.70 -0.84

S&P BSE SENSEX MOVERSCompany Close Chg Chg

(Rs) (Rs) (%)Company Close Chg Chg

(Rs) (Rs) (%)

Company High Low Close % Chg

Sawaca Business 74.00 52.40 71.90 37.21

G K Consultants 36.70 28.70 36.70 27.87

Accurate Trans. 47.80 38.10 47.50 24.67

Brahmaputra Inf. 33.10 26.70 33.00 23.6

Quantum Build 34.40 27.55 34.00 23.41

Eco Recyc. 41.95 33.10 40.80 23.26

Kitex Garments 548.00 442.70 544.25 22.94

Hariyana Ship 62.00 50.20 61.15 21.81

RECOVERY FROM INTRADAY LOWS

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MARKET REPORT smartinvestor.in

17

Current price Open interest (‘000) % of Open interestClose (cash) LTP (future) Shares Rs crore Futures Call Put

Axis Bank 489.25 492.45 34667 1696.06 77.61 12.98 9.41

Bajaj Auto 2569.50 2582.75 1643 422.04 93.49 3.93 2.59

Bharti Airtel 353.30 355.80 23322 823.97 76.17 18.69 5.14

BHEL 253.10 254.05 40720 1030.62 83.94 11.53 4.53

Cipla 649.85 652.50 8613 559.68 82.61 11.40 5.99

Coal India 360.05 361.95 16413 590.95 84.29 9.28 6.43

Dr Reddys 3401.60 3417.55 1524 518.36 76.19 16.76 7.05

GAIL 454.75 458.15 5697 259.07 87.92 8.39 3.69

HDFC 1100.05 1107.35 10820 1190.25 87.41 9.54 3.05

HDFC Bank 931.40 939.05 43832 4082.49 94.73 3.46 1.81

Hero MotoCorp 3168.75 3190.35 1737 550.41 87.03 7.76 5.22

Hindalco 154.00 155.05 40758 627.67 72.82 18.78 8.40

HUL 797.80 803.70 6408 511.19 81.69 11.30 7.01

ICICI Bank 352.05 354.55 66658 2346.68 76.39 16.89 6.71

Infosys 1963.75 1976.20 18816 3694.94 62.17 29.18 8.64

ITC 395.00 397.35 35761 1412.56 78.06 9.18 12.76

L & T 1544.30 1555.55 11603 1791.89 78.64 14.78 6.58

Mah & Mah 1266.50 1273.70 3740 473.70 87.13 9.71 3.16

Maruti Suzuki 3323.40 3344.25 3091 1027.22 82.27 11.04 6.69

NTPC 135.15 136.15 52094 704.05 87.59 9.99 2.42

ONGC 361.10 358.85 42659 1540.42 81.06 14.98 3.96

Reliance Ind 932.55 939.95 49007 4570.10 74.40 17.22 8.38

SBI 315.95 318.15 83148 2627.05 66.18 22.73 11.08

Sesa Sterlite 222.60 224.00 28208 627.91 89.26 7.75 2.98

Sun Pharma 833.30 838.95 15950 1329.09 87.90 9.07 3.02

Tata Motors 511.00 513.75 27833 1422.27 78.59 15.09 6.32

Tata Power 86.90 87.55 30136 261.88 84.43 12.46 3.11

Tata Steel 432.50 433.70 31841 1377.12 64.80 22.86 12.34

TCS 2507.90 2522.80 6659 1670.04 74.86 17.99 7.15

Wipro 552.15 556.15 11014 608.11 87.37 9.58 3.05

OPEN INTEREST BREAK-UP

MARKET POSITION

SECTOR WATCH

Previous Current %Chg

SPOT

NIFTY 8340.70 8355.65 0.18

BANKNIFTY 18290.65 18462.95 0.94

CNXIT 11138.90 11111.70 -0.24

FUTURE(LTP)

NIFTY 8393.45 8406.80 0.16

BANKNIFTY 18404.35 18606.90 1.10

CNXIT 11202.55 11187.80 -0.13

INDEX WATCHOpen Interest Price on NSE in Rs

Previous Current % chg Previous Current % chg

Oriental Bank 4143000 4861000 17.33 308.60 320.20 3.76LIC Hsg Fin 7908000 9182000 16.11 433.25 459.80 6.13Union Bank 9053000 10377000 14.62 217.30 223.95 3.06Yes Bank 7246500 8136000 12.27 716.80 717.25 0.06Allahabad Bk 9904000 10710000 8.14 125.45 131.40 4.74

OI CHANGE WITH RISE IN PRICE

Current open interest %of MWpHIGHESTUnitech 232441000 84.80

Reliance Cap 18906500 84.38

Indiab Real 41900000 83.89

Karnataka Bk 30460000 80.82

Reliance Power 107444000 76.62

Century Tex 8404000 75.97

Jain Irrig 46264000 73.47

HDIL 38920000 72.75

LOWESTITC 35761000 2.25

Apollo Hosp 464000 2.57

MindTree 362000 2.57

Shriram TrFn 878500 2.62

Oracle Fin 130125 3.02

Dabur India 3831000 3.42

HDFC 10820000 3.45

OI ‘000 % chg

TOP GAINERS

CG-Non Electrical Equip. 11603 5.91

CG - Electrical Equipment 78626 4.74

Telecomm-Service 124258 3.33

Non Ferrous Metals 51790 3.09

Miscellaneous 443 2.84

Refineries 75931 2.73

Banks 483131 1.87

TOP LOSERS

Leather 887 -4.96

Crude Oil & Natural Gas 61636 -4.37

Trading 19437 -2.85

FMCG 11397 -2.51

Paints/Varnish 6211 -2.49

Agro Chemicals 10331 -2.13

Entertainment 41200 -2.10

Open Interest Price on NSE in RsPrevious Current % chg Previous Current % chg

Havells I 3882750 4422250 13.89 333.25 310.20 -6.92Bosch 78625 84500 7.47 20022.55 19681.20 -1.70GAIL 4731000 5009000 5.88 464.55 454.75 -2.11Idea Cellular 17876000 18926000 5.87 145.80 142.19 -2.48Bharti Airtel 16781000 17765000 5.86 354.15 353.30 -0.24

OI CHANGE WITH FALL IN PRICE

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MARKET REPORT smartinvestor.in

18

Company Client Name Buy/Sell Quantity Price(Rs) Amt(CR)

Grindwell N Sundaram Smile Fund Buy 400000 580.00 23.20

Good Luck St Pure Share Consultant (I) Pvt.Ltd. Buy 231924 76.60 1.78

Good Luck St Pure Share Consultant (I) Pvt.Ltd. Sell 231924 76.16 1.77

KSS Flux Trade Solutions Llp Sell 1144024 13.02 1.49

Suchak Trad Ashokbhai Haribhai Gajera Sell 60500 175.05 1.06

Damodar Ind Manidevi R Bharadia Sell 100000 59.49 0.59

Damodar Ind Wallfort Financial Services Ltd Buy 100000 59.49 0.59

Looks Health Se Shah Vijay Chandulal Huf Buy 36000 145.00 0.52

Looks Health Se Noble Tradelink Pvt.Ltd. Sell 36000 145.00 0.52

Delta Lea & Fin Anil Kumar Buy 65500 78.31 0.51

Looks Health Se Global Trading And Investment Buy 33600 145.23 0.49

LuminaireTch Saiganga Packaging Limited Sell 1700000 1.94 0.33

Saboo Sodium Spectrum Foods Limited Sell 200000 13.50 0.27

Saboo Sodium Harsh Vardhan Buy 134037 13.60 0.18

Yogi Sung-Wn Wellman Commerce Private Limited Buy 100000 12.45 0.12

Boston Bio Narendra Jivanlal Patel Sell 46000 20.73 0.10

Riba Text Mala Kabra Sell 50000 18.10 0.09

Makers Labs Prakash Shah Buy 25000 34.75 0.09

Makers Labs Prakash Shah Huf Sell 25000 34.75 0.09

Purshottam Inve Nugget Steel Trading Private Limited Buy 40000 19.20 0.08

Boston Bio Ramkaran Hirvey Buy 36000 20.70 0.07

Prithvi Inf Pradip Kumar Shah Sell 200000 3.43 0.07

Prithvi Inf Nugget Steel Trading Private Limited Buy 200000 3.43 0.07

Purshottam Inve Shree Vihar Housing And Developers P Ltd Sell 32000 19.20 0.06

BULK DEALS (BSE)

DECEMBER 11

Asian Tea Fund raising throughvarious means

Enkei Wheel Allot 6,71,000 EquityShares to its Promoter i.e.Enkei Corporation, Japanat the Price of Rs. 50/-each on Preferential basis.

Filmcity M Discuss and approve issueof Equity Shares /warrants convertible intoEquity Shares

Nimbus Food Issue of Equity

shares/Convertiblewarrants/Convertibledebentures topromoters/corporatebodies/DIIs/FII and or toany other prospectiveinvestors as the Boardmay deem fit, pursuant toSEBI (Issue of Capital &Disclosures Requirement)Regulations, 2009 andIncrease in AuthorizedCapital of the Company.

FORTHCOMING BOARD MEETINGSCompany Purpose Company Purpose

Company Client Name Buy/Sell Quantity Price(Rs) Amt(CR)

Veto Switchgear Classic Share Trading Pvt Ltd Buy 313500 60.55 1.90

KSS Flux Trade Solutions Llp Buy 1445274 13.05 1.89

KSS Flux Trade Solutions Llp Sell 1146585 13.00 1.49

Onelife Cap Shah Pratik Kalpeshkumar Sell 103025 137.10 1.41

Onelife Cap Shah Pratik Kalpeshkumar Buy 103025 136.43 1.41

Dr Datsons Labs Manav N Patel Buy 938291 11.58 1.09

BULK DEALS (NSE)

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Volumes in ‘000

Company Price (Rs) Today Avg 5 days % Chg

JMT Auto 138.25 175.4 2.4 7193

Schneider Elect. 165.75 1,839.4 76.6 2303

Tube Investments 349.55 823.9 61.4 1242

CRISIL 1,917.40 259.8 21.0 1137

Cons. Finvest 43.80 20.0 1.7 1111

Thermax 1,003.75 448.4 55.6 706

SKS Microfinance 386.95 9,310.8 1,249.1 645

Dwarikesh Sugar 32.75 40.3 5.8 594

Kalpataru Power 202.50 2,396.7 370.3 547

VOLUME SHOCKERS

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