WISE M NEY ® A Weekly Update from SMC (For private circulation only) 2013: Issue 401, Week: 16th - 19th December Brand smc 224
Nov 13, 2014
WISE M NEY
®
A Weekly Update from SMC(For private circulation only)2013: Issue 401, Week: 16th - 19th December
Bra
nd
sm
c 2
24
(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
REGISTERED OFFICES:
11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005.
Tel: 91-11-30111000, Fax: 91-11-25754365
MUMBAI OFFICE:
Dheeraj Sagar, 1st Floor, Opp. Goregaon sports Club, Link Road
Malad (West), Mumbai 400064
Tel: 91-22-67341600, Fax: 91-22-28805606
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18,Rabindra Sarani, Poddar Court, Gate No-4, 4th & 5th Floor,
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Tel : 91-33-39847000/39801300, Fax No : 91-33-39847004
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Tel : 91-79-26424801 - 05, 40049801 - 03
CHENNAI OFFICE:
Salzburg Square, Flat No.1, III rd Floor, Door No.107, Harrington Road,
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Tel: 044-39109100, Fax -044- 39109111
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Printed and Published on behalf of
Mr. Saurabh Jain @ Publication Address
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lobal stock markets came off the highs amid rising concerns of reduction in bond
purchases by U.S. Fed in view of the better economic data out of U.S. and also Gthe U.S. fiscal stalemate seems to be getting resolved. U.S. House passed the
budget deal allowing ease in spending cuts to the tune of $63 billion over two years to
avert another government shutdown and will go for senate approval next week. Progress
on the budget deal may give confidence to the Federal Reserve as regards to start the
unwinding the monthly bond purchases. On the European front, the European markets
traded lower on Tuesday faced with an uncertain policy and economic outlook, locking in
profits into the year-end. In China, industrial output for the month of November rose at a
pace of 10%, marginally less than the estimates of 10.1% while retail sales saw
unexpected rise.
Back at home, markets saw sharp up move followed by some correction after Bhartiya
Janta Party won state elections indicating to possible end of the ten years of congress
rule at the centre. Now, the next big trigger for the stock market would be the general
election in 2014. Consumer inflation measured by consumer price inflation index inched
up to 11.24% in the month of October giving rise to the possibilities of further policy
tightening by the RBI in the ensuing mid-quarter review policy on 18th December. With
economic growth still sagging and industrial growth showing negative growth of 1.2% for
the month of October, it is assumed that the new governor Dr. Raghuram Rajan would
stick to its major mandate of anchoring inflationary expectations. Apart from the
important RBI policy, market participants would eye on the U.S. Fed meeting on 17th -
18th December next week to assess how and when would like to start reducing bond
purchases in view of the positive development in the U.S. economy.
On the commodities front, fall in dollar index together with some rebound in economic
activities in US and China encouraged buying in commodities last week. The move was
limited in commodities as market players refrained to take any large positions before the
Federal Open Market Committee meet on Dec. 17-18. Increased physical demand for gold
from China limited the downside of gold in the international market. This week, bullion
counter is expected to remain on subdued path. In energy counter, especially natural gas
prices reignited on colder weather. It may move in range as rally is overstretched and
profit booking at higher levels can't be denied. Decision about Fed tapering may also
have an effect on crude prices. Base metals complex may trade in range with upside bias
on firm demand from China and decline stockpiles in LME. Apart from FOMC meet, there
are certain data and events, which may keep traders on toes. Some of them are Consumer
Price Index of UK, Euro zone, US and Canada, German ZEW Survey, Federal Open Market
Committee Rate Decision, Fed Pace of Treasury Purchases, Gross Domestic Product of
New Zealand.
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 20926 UP 12.09.13 19317 20200 19800 19400
S&P NIFTY 6237 UP 12.09.13 5728 5850 5750 5780
CNX IT 8965 UP 18.07.13 7306 8500 8200 8000
CNX BANK 11636 UP 19.09.13 11149 11000 10600 10500
ACC 1120 DOWN 13.11.13 1041 1080 1100 1120
BHARTIAIRTEL 324 UP 12.09.13 329 340 330 320
BHEL 161 UP 05.09.13 138 155 150 145
CIPLA 381 DOWN 21.11.13 387 405 410 415
DLF 156 DOWN 26.09.13 136 150 160 165
HINDALCO 121 UP 29.08.13 107 110 105 100
ICICI BANK 1133 UP 12.09.13 951 1060 1020 1000
INFOSYS 3364 UP 18.07.13 2800 3200 3070 3020
ITC 317 DOWN 13.11.13 314 330 336 340
L&T 1065 UP 19.09.13 888 1020 980 950
MARUTI 1715 UP 19.09.13 1480 1600 1570 1530
NTPC 140 UP 26.09.13 150 145 140 135
ONGC 283 UP 31.10.13 294 280 270 265
RELIANCE 870 UP 12.09.13 875 850 840 830
TATASTEEL 413 UP 22.08.13 274 380 360 350
NEWS
DOMESTIC NEWSEconomy•India's trade deficit narrowed to $9.2 billion in November, driven by a
record contraction in imports even as exports growth slowed after growing in double digits for four consecutive months. To note, exports rose 5.86% to $24.61 billion in November, while imports fell 16.37% to $33.83 billion.
•India's Consumer Price Inflation (CPI) for the month of November 2013 stood at 11.24%. In comparison the number was at 10.17% in October 2013. Within CPI, the food inflation was at 14.72%. And within food inflation, vegetable prices rose by 61.6% and fruit prices rose by 15%, in comparison to November 2012.
•India's Industrial production decreased 1.8 percent on an annual basis in October, reversing the previous month's 2 percent increase. The contraction was due to weak performance of the manufacturing and mining sectors.
Engineering•Mcnally Bharat Engineering has received an order for comprehensive
operation and maintenance of coal handling plant for a thermal power plant worth ̀ 209.84 crores for a period of 5 years.
Cement•Ultra Tech Cement, an Aditya Birla group company, has announced plans
to set up two cement plants entailing investments of over Rs 5000 crore.Packaging•Uflex aims to double its revenues to $2 billion in the next four years and
would set up a new plant in the western region.•Lupin has received US health regulator's approval to market generic
version of ViiV Healthcare's Trizivir tablets, used in the treatment of HIV-1 infection, in the American market.
Metal•Tata Steel Ltd plans to introduce a cost-effective, new, value-added
product that will cater mainly to the construction industry. The new Ground Granulated BF Slag (GGBS) product is aimed at increasing the compressive strength and durability of the concrete and also lowering the carbon footprint.
Information Technology•Tech Mahindra launched Global Center of Excellence (CoE) with Hewlett
Packard (HP) in Bangalore to focus on IT applications and infrastructure solutions through automation of key services.
Construction•C & C Constructions has been awarded a project by Engineering Projects
(India) for the constructions of flyover and rail under bridge (RUB) for a contract worth ̀ 133.56 crores in the State of Uttarakhand.
Capital Goods•REpower Systems SE, a subsidiary of Suzlon Group has signed contracts to
deliver 103 wind turbines with a total capacity of over 266 megawatts (MW) for 24 community wind farm projects in the Schleswig-Holstein region of Germany.
INTERNATIONAL NEWS•US wholesale inventories jumped by 1.4 percent in October following an
upwardly revised 0.5 percent increase in September. Economists had been expecting inventories to increase by about 0.4 percent, matching the growth originally reported for the previous month.
•US consumer credit rose by $18.2 billion in October following a $16.3 billion increase in September. Economists had expected credit to increase by about $15.0 billion.
•US retail sales rose by 0.7 percent in November following an upwardly revised increase of 0.6 percent in October. Economists had expected sales to increase by about 0.6 percent compared to the 0.4 percent growth originally reported for the previous month.
•US business inventories rose by 0.7 percent in October following a 0.6 percent increase in September. Economists had been expecting inventories to increase by a more modest 0.3 percent.
•US initial jobless claims jumped to 368,000, an increase of 68,000 from the previous week's revised figure of 300,000. Economists had been expecting claims to climb to 325,000 from the 298,000 originally reported for the previous week.
•Eurozone Industrial production fell a seasonally adjusted 1.1 percent month-on-month in October, after dropping an upwardly revised 0.2 percent in the previous month, statistical office Eurostat said. Economists had forecast production to grow 0.3 percent, following September's originally reported 0.5 percent contraction.
EX-DATE SYMBOL PURPOSE
18-DEC-13 HCLTECH FINAL DIVIDEND - `6.00
18-DEC-13 ALOKTEXT DIVIDEND - RE 0.30/- PER SHARE
19-DEC-13 EDL DIVIDEND - RE 1/- PER SHARE
19-DEC-13 STAR SPECIAL DIVIDEND - `500/- PER SHARE
BOARD MEETING SYMBOLPURPOSE
16-DEC-13 PNB PREFERENTIAL ISSUE
16-DEC-13 IOB PREFERENTIAL ISSUE
16-DEC-13 CORPBANK PREFERENTIAL ISSUE,PRIVATE PLACEMENT BASIS,QUALIFIED INSTITUTIONS PLACEMENTS
19-DEC-13 ANDHRABANK PREFERENTIAL ISSUE,RAISING OF CAPITAL,QUALIFIED INSTITUTIONS PLACEMENTS
19-DEC-13 DEEPIND PREFERENTIAL ISSUE
23-DEC-13 FLEXITUFF RAISING FUNDS THROUGH DEBT INSTR.
24-DEC-13 DENABANK PREFERENTIAL ISSUE
24-DEC-13 ALBK PREFERENTIAL ISSUE,QUALIFIED INSTITUTIONS PLACEMENTS
26-DEC-13 IDEA FII INVESTMENT
30-DEC-13 CANBK RAISING OF CAPITAL
07-JAN-14 MANAKSIA SCHEME OF ARRANGEMENT
09-JAN-14 SHAKTIPUMP CHANGE IN DIRECTORS,PREFERENTIAL ISSUE
15-JAN-14 BANKBARODA PREFERENTIAL ISSUE
20-JAN-14 MIRCELECTR RIGHT ISSUE,RAISING FUNDS THROUGH DEBT INSTR.
31-JAN-14 KANSAINER RESULTS
03-FEB-14 DOLPHINOFF RESULTS
FORTHCOMING EVENTS
®
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)
®
0.97
1.61
0.22
-1.98
-0.72
-2.34 -2.30
-0.58
-0.37
-0.85
-2.43
-3.00
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
Auto Index Bankex Cap Goods Index
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index
Power Index Realty Index
0.00
3375.20
430.80
982.50
-201.30-276.50
0.00 0.00
-500.00
0.00
500.00
1000.00
1500.00
2000.00
2500.00
3000.00
3500.00
4000.00
Friday Monday Tuesday Wednesday Thursday
FII Activity MF Activity
-0.37 -0.34
-0.09
-0.58
-1.05
-0.42
-1.20
-1.00
-0.80
-0.60
-0.40
-0.20
0.00
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Junior S&P CNX 500
-1.58
-1.75-1.64
0.27
-1.77
-2.21
-1.53-1.63
-1.46
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
0.50
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.
FTSE 100 CAC 40
6.66
3.51
1.89 1.64 1.62
-7.77 -7.44
-6.17 -5.81
-4.48
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
Sesa Sterlite Wipro HDFC Bank ITC H D F C Tata Motors Jindal Steel NTPC B H E L St Bk of India
6.75
4.81
3.41
2.381.85
-7.79 -7.46
-6.24 -5.92
-4.79
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
Sesa Sterlite HCL Technologies
Wipro Lupin ITC Tata Motors Jindal Steel NTPC B H E L I D F C
The FII data presented for December 10, 2013 is compiled on the basis of reports submitted to SEBI by all custodians on December 10, 2013 and constitutes trades conducted by FIIs on December 6, 2013 and December 9, 2013.
Beat the street - Fundamental Analysis
6
® Above calls are recommended with a time horizon of 1 year. Source: Company Website Reuters Capitaline
Face Value (`) 2.00
52 Week High/Low 175.00/118.00
M.Cap (` Cr.) 31889.12
EPS (`) 8.85
P/E Ratio (times) 17.41
P/B Ratio (times) 4.31
Dividend Yield (%) 0.63
Stock Exchange BSE
` in cr
Actual Estimate
FY Mar-13 FY Mar-14 FY Mar-15
Revenue 3486.40 4595.10 5269.90
EBITDA 2376.00 3170.00 3644.00
EBIT 1954.00 2535.20 3004.20
Pre-tax Profit 1676.60 2075.80 2494.40
Net Profit 1537.90 1859.60 2182.70
EPS 7.67 8.68 10.45
Book Value per Share 31.93 43.14 52.70
ROE 27.40 23.90 22.70
% OF SHARE HOLDING
Investment Rationale •Ratings agency ICRA upgraded its long term debt •Adani Ports and Special Economic Zone is engaged rating on the company's unit, Adani Petronet
in business of developing, operating and (Dahej) Port. The positive outlook factors in ICRA's maintaining the port and port related expectation that the company's cargo volumes infrastructure facilities including multi-product would continue to show healthy growth in the special economic zone. The company plans to near term notwithstanding weak macroeconomic handle 200 million tonnes of cargo by 2020. environment, because of its competitive position.
•With various capital expenditure programmes in •The company registered 24% growth in the past, the company has emerged as only port consolidated net profit to `343.03 crore for the on western cost of India, handled capsize/super quarter ended September 2013. On strong growth capsize vessels for bulk and containervessel with in throughput the sales grew by 47% to `1045.87 more than 8500TEU capacity. The company is also crore.in the process of developing facilities at the ValuationMurmugao Port, the Vizag Port and the Kandla In the last few years, the company has reported Port(Tuna). steady growth in its revenue and profits. Going
•The company handled 48.21 MMT cargo with 27% forward the company is likely to maintain the growth growth in H1FY14 and in case of containers it momentum on the back of huge capex undertaken by handled 1.04 million TEUs with 22% growth during the company. We expect the stock to see a price the same period. During the quarter ended target of `222 in one year time frame on one year September 2013 the Company handled 24.62 MMT average P/E of 21.24x and FY15 (E) earnings of ̀ 10.45.cargo with 21% growth and in case of containers it handled 0.56 million TEUs with 33% growth.
•The company has signed a Memorandum of Understanding (MoU) with the Belgian Port of Zeebrugge, to act as a strategic entry port for the lucrative European market. It will now collaborate with the Belgian port to explore joint business opportunities between the two ports along with other forms of trade, shipping, railway infrastructure across India and Europe. The MoU over a period of time will help in an enhanced movement of traffic to and from APSEZ into Europe and beyond.
P/E Chart
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED CMP: 154.05 Upside: 44%Target Price: 222VALUE PARAMETERS
CADILA HEALTHCARE LIMITED CMP: 740.95 Upside: 34%Target Price: 990
Face Value (`) 5.00
52 Week High/Low 924.60/631.00
M.Cap (` Cr.) 15170.21
EPS (`) 36.33
P/E Ratio (times) 20.40
P/B Ratio (times) 5.15
Dividend Yield (%) 1.01
Stock Exchange BSE
VALUE PARAMETERS
% OF SHARE HOLDING
Investment Rationale litigation related to Asacol HD (mesalamine) delayed-release tablets. The agreement remains •Cadila Healthcare is a global pharmaceutical subject to preparation and execution of definitive company that discovers, develops, manufactures documentation.and markets a broad range of healthcare therapies.
The company aims to achieve sales of over $3 •Net profit of Cadila Healthcare rose 93.8% to billion by 2015 and be a research-based `191.57 crore in the quarter ended September pharmaceutical company by 2020. 2013 as against `103.47 crore during the previous
•Strengthening its regulatory pipeline, the company quarter ended September 2012. Sales rose 12.3% to has filed 12 additional Abbreviated New Drug `1698.25 crore in the quarter ended September Applications (ANDAs) (including 2 filings for injectible 2013 as against `1512.50 crore during the previous products) with the US FDA during the quarter ended quarter ended September 2012.September 2013. The Company received approval for Valuation2 products in the US markets and 4 new product Over the past few years, the company has reported dossiers were approved for European market. steady performance and is likely to continue the
•The company expects to improve the pipeline for momentum going forward on the back of new product the US market going forward and expects to file 30 launches, recovery in US market and steady ANDA's per year going forward. Out of the 100 ANDA's performance in the domestic formulation business. pending with US FDA (Food and Drug Administration) We expect the stock to see a price target of `990 in for approval 10% are differentiated products. one year time frame, based on estimated FY15E EPS
•The company expects to file 7 trans-dermal of 43.05 on a target P/Ex of 23.products with US FDA in FY'15. It expects approvals for 20 products (possibly launch) in the next 12-15 months for US market. Out of these two are differentiated products.
•Zydus Wellness, its consumer products subsidiary, plans initiatives to improve marketing and distribution of its brands — Everyuth and Nutralite — in addition to launching new variants. The company aims at sustaining double digit growth over the next few quarters.
•Cadila Healthcare and its US subsidiary Zydus Pharmaceuticals (USA) Inc have entered into an agreement in principle with Warner Chilcott Company LLC to settle all outstanding patent
` in cr
Actual Estimate FY Mar-13 FY Mar-14 FY Mar-15Revenue 6155.40 7037.80 8210.50EBITDA 1125.70 1121.50 1396.00EBIT 942.90 959.00 1198.60Pre-tax Profit 811.20 879.80 1100.90Net Profit 655.30 726.50 896.30EPS 31.92 34.96 43.05BVPS 197.98 172.91 205.71ROE 23.30 22.10 22.80
P/BV Chart
6.01
8.97 4.63
74.79
5.6
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
16.134.5
1.21
75
3.16 Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
Charts by Spider Software India Ltd
7
The stock closed at `48.25 on 13th December 2013. It made a 52-week low at
`40.50 on and a 52-week high at ` on
. The 200 days Exponential Moving Average (EMA) of the stock on the weekly
chart is currently at ̀ 79.83.
In the last few months, there was a continuous fall in this scrip but it bounced
back sharply around 41 levels with the increase in volumes. The level of 41 acted
as major support for this scrip on the weekly basis and it managed to trade on the
upside ignoring the negative sentiment in the boarder index. One can Buy in the
range of 44-45 levels with closing below stop loss of 41 levels for the target of
55-57 levels.
01st October 2013 100.65 19th December
2012
` `
`
EQUITY
Above calls are recommended with a time horizon of 1-2 months
The stock closed at 53.50 on 13th December 2013. It made a 52-week low at
and a 52-week high at .
The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart
is currently at ̀ 65.46.
It came down sharply and made fresh buying pivot by making a reversal candle
stick pattern around 37 levels. After that, it continued its upward movement in
the last few weeks despite weakness in the other counters, which indicates its
strength. One can buy in the range of 50-51 levels with closing below stop loss
of 47 levels for the target of 60-62 levels.
`
`37.50 on 06th August 2013 `68.20 on 07th January 2013
`
`
` `
The stock closed at 299.75 on 13th December 2013. It made a 52-week low at
and a 52-week high of
. The 200 days Exponential Moving Average (EMA) of the stock on the
weekly chart is currently at ̀ 258.43.
It took support above its 200EMA and continued its upward journey, which shows
that buying interest is still there so it is anticipated that it may reach our desired
targets in the near term. One can Buy in the range of 293-295 levels with
closing below stop loss of 282 levels for the target of 310-315 levels.
`
`237.70 on 22nd August 2013 `386.45 on 22nd February
2013
`
` `
ANANT RAJ LIMITED
MCLEOD RUSSEL INDIA LIMITED
THE INDIAN HOTELS COMPANY LIMITED
®
DERIVATIVES
BASIS GAP IN NIFTY
The domestic markets were under pressure around its resistances of 6400. The Nifty tested critical support at 6150 levels on Friday, and closed above the same.
The Friday's trade witnessed selling pressure with the Index ending the week on a negative note. Options concentration has shifted to 6000-strike put option with
an open interest of above 50 lakh shares. Last week, we have seen long unwinding in calls and fresh call writing in higher strike calls (6300, 6400, 6500) indicating
selling pressure at higher levels. Among call options option concentration is highest at 6300-strike call with above 70 lakh shares in open interest. As per Nifty
option concentration put writers are active at 6000 strike put and call writers are active at 6300 and 6400 strike call. Hence going forward 6300 will act as strong
resistance. This option concentration suggests the range of 6000 to 6300. December put-call ratio of open interest increased and closed at 1.11 levels. Implied
volatility (IV) of call options closed at 16.43% while the average IV of put options ended at 16.22%. Nifty is currently trading near the support, which is around
6130-6140 spot level. However, in our view, in the current scenario, the Index is expected to see stiff resistance around 6300 levels, while sustenance below the
6150 levels should take the Nifty down towards 6000 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)
ITC (DEC FUTURE)
Buy: Above `321
Target: `329
Stop loss: `317
BAJAJ-AUTO
Buy DEC 1900. PUT 25.00
Sell DEC 1850. PUT 12.00
Lot size: 125
BEP: 1887.00
Max. Profit: 4625.00 (37.00*125)
Max. Loss: 1625.00 ( 13.00*125)
OPTIONSTRATEGY
FUTURESTRATEGY
AXISBANK
Buy DEC 1250. CALL 35.00
Sell DEC 1300. CALL 16.00
Lot size: 250
BEP: 1269.00
Max. Profit: 7750.00 (31.00*250)
Max. Loss: 4750.00 ( 19.00*250)
AUROPHARMA
Buy DEC 320. CALL 6.00
Sell DEC 330. CALL 3.30
Lot size: 2000
BEP: 322.70
Max. Profit: 14600.00 (7.30*2000)
Max. Loss: 5400.00 ( 2.70*2000)
BULLISH STRATEGY
DERIVATIVE STRATEGIES
M&M (DEC FUTURE)
Buy: `965
Target: `983
Stop loss: `956
Above
BEARISH STRATEGY
DLF (DEC FUTURE)
Sell: `149
Target: `143
Stop loss: `152
Below
BUY80.5%
SELL19.5%
1884.51 1670.241272.35
2921.53
3736.95
-896.72 -1106.15
-1987.46
-570.05 -722.33
-3000.00
-2000.00
-1000.00
0.00
1000.00
2000.00
3000.00
4000.00
5000.00
29-Nov 02-Dec 03-Dec 04-Dec 05-Dec 06-Dec 09-Dec 10-Dec 11-Dec 12-Dec
0
10
20
30
40
50
60
28-Nov 29-Nov 02-Dec 03-Dec 04-Dec 05-Dec 06-Dec 09-Dec 10-Dec 11-Dec 12-Dec
1003200
400400 348350
16530001320650
2197900
5432800
4659400
5224250
3457000
2500800
3023950 30461503168550
5043850
41579004205150
3522500
1458600
923900
298850 148150
0
1000000
2000000
3000000
4000000
5000000
6000000
5500 5800 5900 6000 6100 6200 6300 6400 6500 6600 6700
Call Put
8
9
BHARTIARTL 12336000 13441000 8.96 0.49 0.36 -0.13 33.76 31.12 -2.64
DLF 26348000 26763000 1.58 0.48 0.52 0.04 52.55 49.92 -2.63
HINDALCO 22888000 24268000 6.03 0.55 0.51 -0.04 42.57 39.68 -2.89
HINDUNILVR 6203500 7100500 14.46 0.47 0.40 -0.07 23.08 23.29 0.21
ICICIBANK 10069500 10414250 3.42 0.96 0.83 -0.13 42.11 38.31 -3.80
IDEA 6860000 8554000 24.69 0.48 0.67 0.19 33.70 35.74 2.04
INFY 3174375 3575375 12.63 0.70 0.80 0.10 20.52 26.01 5.49
ITC 31819000 31796000 -0.07 0.46 0.48 0.02 23.45 21.68 -1.77
JPASSOCIAT 49388000 51456000 4.19 0.86 0.81 -0.05 65.67 58.65 -7.02
NTPC 14840000 20682000 39.37 0.52 0.44 -0.08 27.93 42.97 15.04
ONGC 11561000 12678000 9.66 0.54 0.37 -0.17 29.00 25.85 -3.15
RANBAXY 10416000 11090000 6.47 0.52 0.46 -0.06 43.31 41.20 -2.11
RCOM 34316000 35786000 4.28 0.53 0.45 -0.08 48.60 46.88 -1.72
RELIANCE 12670000 12897000 1.79 0.51 0.45 -0.06 24.07 21.56 -2.51
NIFTY 19518700 22244500 13.97 0.97 1.11 0.14 22.17 16.43 -5.74
SAIL 20132000 20580000 2.23 0.61 0.62 0.01 37.52 34.30 -3.22
SBIN 5902250 6180750 4.72 0.96 0.57 -0.39 37.84 32.69 -5.15
TATASTEEL 15824000 15623000 -1.27 1.35 1.21 -0.14 36.37 32.28 -4.09
UNITECH 125600000 125112000 -0.39 0.35 0.32 -0.03 74.78 67.53 -7.25
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 increased to
1.11 from 0.97. At the end of the week, the maximum stocks had a positive of
change in put call open interest ratio.
Implied Volatility Analysis : The Implied Volatility (IV) for Nifty futures this week
has decreased to 16.43% from 22.17%. The IV of the stock futures has changed
this week ranging from -7.25% to 15.04%.
Open Interest Analysis : The open interest for the index at the end of this week
has increased by 13.97% as compared to the previous week. All future stocks saw
changes in their open interest ranging from -1.27% to 39.37%. NTPC has the
maximum increase in open interest as compared to other stocks.
Statistical Analysis·
Open 6285.25 High 6480.00
Low 6257.00 Close 6264.95
NIFTY & IV CHART NIFTY ANALYSIS
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15
16
17
18
19
20
21
22
23
6000
6100
6200
6300
6400
06-Dec 09-Dec 10-Dec 11-Dec
Nifty Close IV
10
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Turmeric futures (Apr) is expected to witness a consolidation in the range of 5850-6100 levels. It is being reported that there are stocks of around 35-36 lakh bags in the major producing states, sufficient enough to meet the total consumption of the domestic market for the next two months, i.e around 8-10 lakh bags. At the spot market the sales are declining, as the arrivals of good quality are decreasing and orders from upcountry being slack from the North Indian pockets due to the ongoing winter season. At the Erode Turmeric Merchants Association sales yard, the finger variety was sold at `4,189-6,109; the root variety at `3,936-5,534 a quintal. Jeera futures (Mar) would possibly breach 12600 levels downside on reports that the sowing is turning normal after weather disturbances in Gujarat and some southern states. The spot prices in Unjha mandi had tested around `12700 per quintal in first week of December- the four-year low levels for the commodity. Cardamom futures (Jan) is likely to make journey towards 685 levels, pressurized by strong selling activities due to higher availability. In the international market, the harvesting of the new crop had just started in Guatemala & the crop size is similar to last year. In the days to come, Chilli futures (Dec) may test 7450 levels on the national bourse. Factors such as buying interest keeping in mind in the good domestic and export demand amidst weak supplies from Madhya Pradesh is likely to push the counter higher.
SPICES
Bullion counter is expected to remain on subdued path as investor's eye the fed meeting scheduled this week on Dec 17 and 18. Recently stronger greenback and fear that Federal Reserve will curb stimulus has kept the prices downbeat. Meanwhile local currency rupee can weaken further and can test 63 which can keep the downside capped in yellow metal. Gold may move in the range of 28600-29800 in MCX. White metal silver can hover in the range of 42000-46500. Meanwhile fall in the SPDR holdings has pressurized the prices lower. Holdings in the SPDR Gold Trust, the biggest exchange traded product backed by bullion, declined to 833.6 metric tonnes last week the lowest since January 2009, and contracted 38 percent this year. Physical demand for gold in China has skyrocketed this year after prices plunged in April and June. It is expected that its demand can cross 1,000 metric tonnes this year. An expanding Chinese middle class often buys gold for cultural and economic reasons as china has replaced India as top gold consumer. Chinese consumers have soaked up about 800 tonnes of gold for the year to Nov. 15, according to World Gold Council statistics, beating their biggest rivals, the Indians, by just over 100 tonnes. Domestic supply crunch has helped the premium to keep elevated at $170 to London prices. Meanwhile gold imports may fall 70 percent in the final quarter of 2013 from 255 tonnes in the year ago period.
BULLIONS
Crude oil can trade on volatile path as the last Fed meeting of 2013 in this week will give more direction to the prices in which timing about fed tapering decision can be taken. Fed officials are monitoring progress in the labor market as they debate when to pull back on $85 billion a month in bond purchases, known as quantitative easing. Overall crude oil can move in the range of 5800-6300 in MCX and $96-102 in NYMEX. According to tanker tracker Oil Movements“The Organization of Petroleum Exporting Countries, the supplier of about 40 percent of the world's oil, will increase crude shipments through this month as peak refinery capacity is restored to meet rising heating demand”. Production from all of OPEC's 12 members fell for a fourth month in November to 29.7 million barrels a day, driven by reduced output in Libya. Also, the Seaway Twin pipeline with a capacity of 4, 50,000 bpd is expected to start up in the second quarter of 2014. The pipeline will carry oil from Cushing to the Texas Coast which will further help in easing the supply glut at Cushing after the Keystone pipe line starts up in January. The US Winter demand can keep the upside momentum intact in Natural gas as it can test 280 in MCX. Decline in inventories are also assisting the prices higher. US natural gas inventory declined as expected by 81 billion cubic feet (bcf) which stood at 3.533 trillion cubic feet for the week ending on 6th December 2013.
ENERGY COMPLEX
OTHER COMMODITIES
Wheat futures (Jan) is likely to move upside towards 1695 levels, for a second week in a row on prospects of higher exports. In early November, the government lowered the minimum export price (MEP) for sale of government wheat from $300 per tonne FOB to $260 per tonne FOB. This has paved the way for resumption of government wheat exports against the 2.0 MMT export quota announced in August 2013. As cited by USDA, MY 2013/14 wheat exports are likely to reach 6.0 MMT. Chana futures (Jan) is likely to consolidate in the range of 3060-3160 levels, tracking weak fundamentals of the spot market. With arrivals outstripping demand, spot prices in Delhi market dropped to a two and half year low of `2900 per quintal as the supplies have been roaring high. Reacting negatively to the gathering momentum of sowing, the traders and stockists are releasing their inventories, before the arrival of the new crop in the month of February. Good rainfall coupled with favorable weather during the month of October has brightened the prospects of chana sowing during the Rabi season. Kapas futures (Apr) is expected to consolidate in the range of 920-970 levels, with upside getting capped. Since the arrivals have yet to reach their peak, the selling pressure will begin to exert downward pressure on prices. As cited by the U.S Dept. of Agriculture, the world 2013/14 cotton estimates include higher beginning stocks, partially offset by lower production, raising ending stocks by less than 1%. Beginning stocks are raised 1.0 million bales for India, based on prior-year reductions in the India's consumption.
Base metals complex may trade in range with upside bias on firm demand from China and decline stockpiles in LME. Better US economic data is supporting the prices. U.S. retail sales climbed 0.7 percent last month, the most since June, according to Commerce Department data that signaled consumer spending is emerging from a third quarter lull. Red metal copper can trade in the range of 450-475. Presently, the international copper market has moved into backwardation supported by the lower inventories which are around 399875 tonnes and the higher cancelled warrants ratio which is at 67%. Copper might gain further support from the cut in the production forecast by the Mining major Chinalco. Chinalco reduced its forecast of copper production from 250000 tonnes per annum to 120000-150000 at its Tromocho mine in Peru. Zinc prices can hover in the range of 119-124 in MCX. Nickel prices can trade in the range of 855-900 in MCX. Nickel continues to get positive cues from the Indonesian Government`s ore export ban which is fuelling concerns regarding the availability of the metal in spite of the increasing stockpiles at the LME warehouses. Battery metal lead can move in the range of 129-136. Automobile sales increased in both US as well as China showing a robust demand for the metal which is mostly consumed by the automobile sector. Aluminum can move in the range of 108-113. Aluminum buyers in Japan are paying higher premium on the back of anticipated increase in demand from China. The agreed premium amount is $225 starting from January.
BASE METALS
Soybean futures (Jan) is likely to witness some profit booking from higher levels & remain below 3950 levels. It is being reported that high prices and quality issues have led to a poor rate of crushing of soybean at present affecting soy meal quality and availability which in turn has impacted its export. However, the rupee gaining about 2.22% as against dollar in the previous week, may support the counter to keep the downside capped near 3700 levels. On CBOT, the upside in U.S soybean futures may get capped near 1360 levels on the mixed fundamentals. The potential negative factor is that market participants fear that speculators may reduce their net long position as they are getting closer to the holidays. On the other hand, the global soybean production is projected at a record 284.9 million tonnes, up 1.4 million due to increases area in Argentina and Canada. Mustard futures (Jan) may extend the fall towards 3630 levels. As reported by USDA, the global rapeseed production is projected at a record 70.0 million tonnes, up 2.1 million due to gains for Canada and Australia. Back at home, the favorable weather conditions are raising the prospects of a higher output. Indian farmers had cultivated mustard seed on 6.42 million hectares as on Dec. 5, compared with 6.08 million hectares a year earlier. CPO futures (Jan) may fall towards 545 levels due to slack demand at the start of the cold weather that solidifies the oil. On the Bursa Malaysia Derivatives, palm oil may maintain an upside trend, supported by the weather forecast that scattered and isolated thunderstorms are predicted in parts of Sabah, Sarawak, and Johor until Dec. 18, which may disrupt harvesting.
OIL AND OILSEEDS
Closing as on 12.12.2013
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 (JAN) 3796.50 10.10.13 UP 3681.00 3600.00 - 3300.00 - 3050.00
NCDEX JEERA (MAR) 12817.50 03.10.13 DOWN 12607.00 - 13000.00 13500.00 13700.00
NCDEX RED CHILLI (DEC) 7228.00 10.10.13 UP 6074.00 6600.00 - 6400.00 - 6200.00
NCDEX RM SEEDS (JAN) 3743.00 13.11.13 UP 3816.00 3550.00 - 3450.00 - 3350.00
MCX MENTHA OIL (DEC) 841.80 13.11.13 SIDEWAYS
MCX CARDAMOM (JAN) 713.60 28.02.13 DOWN 965.00 - 780.00 830.00 860.00
MCX SILVER (MARCH) 44468.00 26.09.13 DOWN 48639.00 - 48000.00 51000.00 55000.00
MCX GOLD (FEB ) 29223.00 26.09.13 DOWN 29865.00 - 30500.00 31100.00 31800.00
MCX COPPER (FEB) 459.90 12.12.13 UP 459.90 440.00 - 425.00 - 415.00
MCX LEAD (DEC ) 132.00 24.10.13 SIDEWAYS
MCX ZINC (DEC ) 121.85 31.10.13 SIDEWAYS
MCX NICKEL(DEC ) 872.00 12.09.13 DOWN 879.20 - 920.00 - 950.00 980.00
MCX ALUMINUM (DEC ) 109.90 26.09.13 DOWN 111.65 - 114.00 - 118.00 123.00
MCX CRUDE OIL (JAN) 6137.00 26.09.13 DOWN 6415.00 - 6200.00 - 6400.00 6550.00
MCX NATURAL GAS (DEC ) 270.50 28.11.13 UP 247.20 255.00 - 240.00 - 225.00
TREND RATE TREND S1 R1 S2 R2 CLOSING
*
TREND SHEET
COMMODITY
GOLD MCX (FEBRUARY) contract closed at ̀ 29223.00 on 12th December '13. The contract made its high
of `30679.00 on 28th October '13 and a low of `28080.00 on 11th October '13. The 18-day Exponential
Moving Average of the commodity is currently at ̀ 29308. On the daily chart, the commodity has Relative Strength Index (14-day) value of 47. One can sell in the
range 29350-29500 with the stop loss of ̀ 29635 for a target of ̀ 28850.
COPPER MCX (FEBRUARY) contract closed at 459.90 on 12th December '13. The contract made its
high of `470.90 on 11th November '13 and a low of `441.00 on 19th November '13.The 18-day
Exponential Moving Average of the Commodity is currently at ̀ 452.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 56.One can sell in the
range 462-464 with the stop loss of ̀ 469 for target of ̀ 448.
`
LEAD MCX (DECEMBER) contract closed at 132.00 on 12th December '13. The contract made its high of
`133.50 on 22nd November '13 and a low of ̀ 126.75 on 9th December '13.The 18-day Exponential Moving
Average of the Commodity is currently at ̀ 130.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 49. One can sell in the
range 132.50-133.50 with the stop loss of ̀ 135 for a target of ̀ 128.
`
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GOLD MCX (FEBRUARY)
COPPER MCX (FEBRUARY)
LEAD MCX (DECEMBER)
COMMODITY
NEWS DIGEST
Metals and energy counter edged up on some optimistic data from US and Chinese economy
whereas agro commodities performed mix in the week gone by. Even fall in dollar index supported
upside in the commodities. Dollar index witnessed five week continuous selling. Bullion counter
traded up as some safe-haven bids emerged after equities and the dollar dropped on fears over an
early end to the Federal Reserve's monetary stimulus. However on Thursday it witnessed
correction in the prices. Cooling temperature in Midwest and other regions soared energy prices.
Natural gas continued its magical upside and breached the mark of 265 in MCX. Natural gas rose to
a seven-month high in NYMEX on speculation that frigid weather will lead to bigger-than-normal
declines in stockpiles of the heating fuel. Crude also traded up on signs that strengthening
demand is depleting inventories in the U.S., the world's biggest oil consumer. The International
Energy Agency raised estimates for global oil demand in 2014 amid an economic recovery in the
U.S. Nevertheless, WTI crude fell from a six-week high after gasoline and diesel inventories rose
more than forecast last week as refineries boosted output. China's trade surplus widened last
month to $33.8 billion, the biggest in more than four years, helped industrial metals to travel
north. U.S. retail sales accelerated in November, while jobless claims increased. Nickel rose to
one-month high, as concerns mount that Indonesia's ore-export ban will reduce supplies.
Indonesia, the biggest producer of mined nickel, plans to ban raw-mineral exports after Jan. 12.
In spices, turmeric prices couldn't sustain at higher levels due to higher carry forward stocks
available in the domestic market. Weak sentiment was reported in cardamom futures.
Expectations of higher production current year pressurize the prices in the domestic market.
Some export demand propped up jeera and chilli prices. Both guarseed and guargum traded in the
negative territory. Prices of guar counter declined on weak demand amid consistent arrivals.
Market is estimating 2.8-3 million tonnes of guar production for 2013-14. Heavy sugar stocks kept
with millers and weak international sentiments drive sugar prices downwards. Soyabean traded
up on tight supply issue. Tight stockpiles may keep prices buoyed until February or March, when
growers in Brazil, the world's largest exporter of the oilseeds, and Argentina begin harvesting.
Mustard seed prices witnessed a decline on weaker demand and fall in BMD CPO. CPO in Malaysia
couldn't sustain at higher levels and declined on profit booking.
WEEKLY COMMENTARY
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
COMMODITY UNIT 04.12.13 11.12.13 DIFFERENCEQTY.
BARLEY MT 2266 999 -1267
CASTOR SEED MT 30238 0 -30238
CHANA MT 29532 20186 -9346
CHILLI MT 170 180 10
COTTONSEED OILCAKE MT 498 2686 2188
JEERA MT 528 372 -156
MAIZE MT 1675 3779 2104
RAPE MUSTARD SEED MT 8909 6828 -2081
SOYA BEAN SEEDS MT 2131 3173 1042
SUGAR M MT 1369 1169 -200
WHEAT MT 0 0 0
COMMODITY UNIT 05.12.13 12.12.13 DIFFERENCE
QTY. QTY.
CARDAMOM MT 67.30 74.80 7.50
KAPASIA KHALLI BALES 2269.31 2961.45 692.15
GOLD KGS 165.00 90.00 -75.00
GOLD MINI KGS 102.80 22.60 -80.20
GOLD GUINEA KGS 2.74 2.31 -0.42
MENTHA OIL KGS 2592913.40 2592913.40 0.00
MILD STEEL MT 344.85 344.85 0.00
SILVER (30 KG Bar) KGS 47995.79 36171.34 -11824.45
•World refined copper production is expected to have grown by 3.9% to 20.9 million tonnes in 2013.
•The Shanghai Gold Exchange is considering launching an offshore platform in the city's free trade zone that will offer products for overseas investors.
•U.S. oil production hit its highest level in 25 years in November, reaching an average of 8 million barrels per day.
•EU industrial production in the 17 countries using the single currency dropped 1.1% on the month, its biggest monthly decline since September 2012.
•NCDEX as revised the tick size of Guar Seed contracts to `5 from `10 applicable from December 09, 2013 in all the running contracts and yet to be launched contracts in this commodity. As per the directives of the Forward Markets Commission, fresh positions will now be allowed till the date of expiry in all running contracts and yet to be launched contracts of RBD Palmolein in NCDEX.
•The National Multi Commodity Exchange (NMCE) has re-launched cardamom futures contract with multiple facilities like Spices Board quality lab certification and storage at WDRA-approved CWC warehouse at Puttady.
•India's rice output is likely to decline to 103 million tonnes in 2013-14 on crop damage and exports are also expected to be lower at 10 million tonnes, a latest USDA report says.
•China's purchases of domestic cotton for state reserves have exceeded 3.5 million tonnes midway through the 2013/2014 year.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
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NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
QTY.
7.96
5.43
3.22 3.16
2.24
-3.68-3.32
-2.59
-1.99 -1.87
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
CASTOR SEED NEW
RED CHILLI JEERA COPPER SOYABEAN MAIZE RABI GUAR GUM GUAR SEED BR. CRUDE OIL CHANA
6.75
5.27
3.613.31
3.05
-3.00 -2.88 -2.79
-1.82
-1.48
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
NATURAL GAS ZINC LEAD NICKEL COPPER GUAR GUM MENTHA OIL GUARSEED CPO CARDAMOM
Global gold demand: WGC
13
SPOT PRICES (% change)
COMMODITY
COMMODITY EXCHANGE CONTRACT 06.12.13 12.12.13 CHANGE%
ALUMINIUM LME 3 MONTHS 1773.00 1805.00 1.80
COPPER LME 3 MONTHS 7112.00 7214.50 1.44
LEAD LME 3 MONTHS 2091.50 2135.00 2.08
NICKEL LME 3 MONTHS 13830.00 14090.00 1.88
ZINC LME 3 MONTHS 1902.50 1957.00 2.86
GOLD COMEX FEB 1229.00 1224.90 -0.33
SILVER COMEX MAR 19.52 19.45 -0.36
LIGHT CRUDE OIL NYMEX JAN 97.65 97.50 -0.15
NATURAL GAS NYMEX JAN 4.11 4.41 7.17
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
Indian government's move to restrict the import of yellow metal and the fall in gold ETF amid growing concern about tapering of monetary stimulus is finally taking toll to gold demand. According to World Gold Council (WGC), the overall demand for gold across the globe declined by 21% to 869 tonne during the third quarter of 2013 compare to same period of previous year. The gold-backed ETFs (Exchange Traded Fund), which had net outflows of 119 tonnes this quarter, with much slower pace compared to 402 tonnes in Q2 2013. In value terms gold demand was down 37% to $37 bn compare to previous year.
Other facts of WGC report:
• However, demand remained strong across most countries and sectors. The jewellery, bar and coin sectors are showing year-to-date increase, while technology demand remains robust.
• Global demand for jewellery was 487 tonnes in the quarter, up 5% on last year. US jewellery demand increased by 14% - the highest third quarter jewellery demand figure since Q3 2009.
• Investment in bar and coins saw robust demand, up 6% year on year to 304 tonne, according to the report.
• Demand for gold from the Technology sector made modest gains, reaching 102.8t in the third quarter. This was driven by lower prices and improved economic conditions.
• But the net central bank purchases totalled 93 tonnes, 17% down on Q3 2012 and taking year-to-date purchases to 296.9 tonnes. Central banks have now been net purchasers of gold for 11 consecutive quarters.
• India's contribution to demand in Q3 was affected as government measures to reduce gold imports, in an effort to control the current account deficit, began to take effect.
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WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
05.12.13 12.12.13
ALUMINIUM 5472450 5422675 -49775
COPPER 415425 399875 -15550
NICKEL 252816 253890 1074
LEAD 229450 224375 -5075
ZINC 951000 927750 -23250
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 06.12.13 12.12.13 CHANGE(%)
Soya CBOT JAN Cent per Bushel 1325.50 1323.75 -0.13
Maize CBOT MAR Cent per Bushel 434.25 434.25 0.00
CPO BMD JAN MYR per MT 2658.00 2598.00 -2.26
Sugar LIFFE MAR 10 cents per MT 448.70 445.20 -0.78
-1.11
-1.10
-1.09
-0.51
-0.07
-0.04
0.79
0.85
1.19
2.05
2.19
2.93
4.10
4.74
5.56
-2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00
CORIANDER (KOTA)
GOLD 10 GMS (MUMBAI)
TURMERIC (NIZAMABAD)
GUR (MUZAFFARNGR.)
MASOOR (INDORE)
JEERA (UNJHA)
RUBBER (KOCHI)
REFINED SOYA OIL (INDORE)
SOYABEAN (INDORE)
SILVER 5 KG (DELHI)
BARLEY (JAIPUR)
RAW JUTE (KOLKATA)
PEPPER MALABAR GAR (KOCHI)
CRUDE PALM OIL (KANDLA)
CHILLI (GUNTUR)
• In the July-September period, India's gold consumption was 148.2 tonnes, compared to 310 tonnes in Q2 of this year and a 32% year-on-year decrease. Jewellery demand dropped by 23 per cent to 105 tonnes (compared to 136 tonnes in last year) due to import restrictions. Gold imports fell to 85 tonnes from 223 tonnes in the September quarter last year.
• China has kept its position as the world's largest gold consumer, requiring 210 tonnes in the third quarter this year. China's purchases of gold climbed 30%, to 996.3 tonnes, in the 12 months through September, while sales in India rose 24%, to 977.6 tonnes. India was No. 1 in 2012.
• The supply of gold in the third quarter fell by 3% to 1,145.5 tonnes from the same period in 2012. A sharp contraction in the supply of gold from recycling accounted for the decline as mine production increased by 4%. This depict that the gold market has surplus of almost 289 metric tons, the largest surplus since 2005. According to the report, the global recycling fell 11% compared to the same quarter in 2012, while in India the figure increased more than fivefold to 61 tonnes.
Source : WGC
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 61.10 62.07 61.05 62.05
EUR/INR 84.27 85.45 83.71 85.40
GBP/INR 100.86 101.76 99.72 101.70
JPY/INR 59.30 60.42 59.20 60.40
(Source: FX Central, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
News Flows of last week
10th Dec: U.S. small business sentiment bounced back from a seven-month low in November
10th Dec: U.S. wholesale inventories rose more than expected in October,
12th Dec: British industrial output rose a touch more than expected in October
12th Dec: Britain's economy grew an estimated 0.8 percent in the three months to the end of November
12th Dec: U.S. import prices fell for a second straight month in November
12th Dec: NY Fed: FX swaps with foreign central banks total $28 million in latest week
12th Dec: U.S. retail sales rose solidly in November
EUR/INR (DEC) contract closed at 85.40 on 12th December'13. The contract made its high of `85.45 on 12th December'13 and a low of `83.71 on 09th December'13 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at ̀ 84.84.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 58.78. One can buy around 85.00 for a target of 86.20 with the stop loss of 84.40.
`
JPY/INR (DEC) contract closed at 60.40 on 12th December'13. The contract made its high of `60.42 on 12thDecember'13 and a low of `59.20 on 11th December'13 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at ̀ 60.75.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 35.95. One can sell around 60.75 for a target of 59.50 with the stop loss of ̀ 61.30.
`
Market Stance
Rupee edged up higher to start the week with sharp gains with Nifty testing its
all time highs on back of the strong electoral showing by BJP. Moreover decent
gains in euro against dollar also supported the local currency. However, pair
pared most of its gains in later part of the week on back of profit booking in
local equities, and sustained inflationary pressures in the economy. Data
showed that retail inflation spiked to its highest on record, raising
expectations of another rate hike by the central bank and adding to the woes
of the embattled government. In addition to that Asian shares stumbled to a 2-
1/2 month low on Thursday on heightened expectations the Federal Reserve
may act sooner than later to unwind its stimulus after a provisional budget
deal in Washington eased some of the fiscal drag on the US economy.
EUR/INR
USD/INR (DEC) contract closed at ̀ 62.05 on 12th December'13. The contract made its high of `62.07 on 12th December'13 and a low of `61.05 on 09th December'13 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at ̀ 62.11.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 50.05. One can sell below 61.85 for a target of 60.75 with the stop loss of 62.50
GBP/INR (DEC) contract closed at 101.70 on 12th December'13. The contract made its high of `101.76 on 12th December'13 and a low of `99.72 on 09th December'13 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at ̀ 101.43..
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 55.25. One can sell below 100.90 for a target of 99.50 with the stop loss of 101.60
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USD/INRTechnical Recommendation
GBP/INR JPY/INR
14
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Economic gauge for the next week
Date Currency Event PREVIOUS
17th Dec GBP Consumer Price Index (YoY) 2.20%
17th Dec GBP Core Consumer Price Index (YoY) 1.70%
17th Dec EUR German ZEW Survey (Economic Sentiment) 54.6
17th Dec EUR Euro-Zone Consumer Price Index (YoY)
17th Dec EUR Euro-Zone Consumer Price Index - Core (YoY)
17th Dec USD Consumer Price Index (YoY) 1.00%
17th Dec USD Consumer Price Index Ex Food & Energy (YoY) 1.70%
18th Dec USD Federal Reserve FOMC Meeting Begins
18th Dec USD Federal Open Market Committee Rate Decision 0.25%
18th Dec USD Fed Releases Summary of Economic Projections
18th Dec USD Fed Pace of MBS Purchases $40
18th Dec USD Fed Pace of Treasury Purchases $45
18th Dec USD Fed's Bernanke Holds Press Conference in Washington
IPOIPO
IPO TRACKER
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 8116.21 950.11 5-Jun-13 530.00 590.00 1158.30 118.55
Repco Home Fin Finance 1948.72 270.39 1-Apr-13 172.00 165.00 313.50 82.27
V-Mart Retail Trading 398.71 123.00 20-Feb-13 210.00 216.00 222.00 5.71
Bharti Infra. Telecom 33811.49 4533.60 28-Dec-12 220.00 200.00 179.00 -18.64
PC Jeweller Jewellary 1547.42 609.30 27-Dec-12 135.00 135.50 86.40 -36.00
CARE Rating Agency 146.13 540.00 26-Dec-12 750.00 949.00 80.60 -89.25
Tara Jewels Jewellary 212.22 179.50 6-Dec-12 230.00 242.00 86.20 -62.52
VKS Projects Engineering 50.40 55.00 18-Jul-12 55.00 55.80 0.80 -98.55
Speciality Rest. Restaurants 562.82 181.96 30-May-12 150.00 153.00 119.85 -20.10
T B Z Jewellary 866.43 210.00 9-May-12 120.00 115.00 129.90 8.25
MT Educare Miscellaneous 355.04 99.00 12-Apr-12 80.00 86.05 89.25 11.56
NBCC Construction 1711.20 124.97 12-Apr-12 106.00 100.00 142.60 34.53
Olympic card. Media 43.22 24.75 28-Mar-12 30.00 29.95 26.50 -11.67
Multi Comm. Exc. Exchange 2095.34 663.31 9-Mar-12 1032.00 1387.00 410.85 -60.19
*Closing prices as on 12-12-2013
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15
IPO NEWS
GMR picks Citi, three others for $300-$350 million airport IPO
GMR Infrastructure Ltd has hired four banks including Citigroup and JPMorgan to manage the listing of its airport business that is expected to raise $300-
$350 million. The company, whose business interest includes airport, power and roads, has also picked Axis Capital, a unit of private Indian lender Axis Bank,
and IDFC for the public offering. GMR operates airports in New Delhi, southern Indian city of Hyderabad and Istanbul in Turkey in partnership with other
companies. The company owns majority stakes in both the Indian airport joint ventures. The group founders and private equity investors including Standard
Chartered will sell some of their shares in the initial public offering of the airport unit, expected in the second half of next year. GMR, which is said to be in
talks to sell its 40 percent in Istanbul's Sabiha Gokcen airport, is part of a consortium likely to win a $400 million tender to operate central Philippines'
Mactan-Cebu International Airport.
BSE public offer size likely at ̀ 400-1,000 cr
The public offer of country's premier bourse BSE Ltd could range between `400 crore and 1,000 crore. BSE, Asia's oldest bourse, hopes to hit the market
after five-six months following approval by the SEBI. Listing was decided at the time when the exchange was demutualised. It has 7000 shareholders broadly
constituting 40 percent from the broking community, 30 per cent from foreign institutions, including foreign bourses and the remaining 30 percent from
domestic non-broking institutions. The country's leading bourse was planning to use Offer for Sale (OFS) route to hit the market. BSE had applied with the
regulator in January and was awaiting clearance. According to reports, BSE has sought exemptions from certain clauses from SEBI which were coming in the
way of early approval from regulators.
Power Grid FPO price set at ̀ 90/sh, govt to get ̀ 1600cr
The government fixed the issue price for the sale of Power Grid Corporation of India shares at Rs 90 apiece, the upper end of the band, which would fetch
about `7,000 crore. The Follow-on Public Offer (FPO) of the state-run transmission utility last week saw bids for 530 crore shares, or 6.74 times the 78.7
crore shares on offer. Retail investors and eligible employees will get a discount of ̀ 4.50 a share on the issue price, Power Grid said in a filing to the BSE. The
price band for the FPO was `85-90 apiece. The Cabinet approved the FPO last month. The offer comprised 13 percent fresh equity by the company and 4
percent stake sale by the central government. The government will get about ̀ 1,600 crore from selling 18.51 crore shares, while Power Grid will raise close
to ̀ 5,400 crore from its offer of 60.18 crore new shares. After the issue, the government's holding in the company will come down to 57.89 percent from the
present level of 69.42 percent. The retail portion of the FPO, which closed on December 6, was subscribed 2.17 times. Qualified Institutional Buyers (QIB)
bid for 9.09 times the shares reserved for them and non-institutional buyers bid for 9.7 times the shares they were offered. This was Power Grid's second
FPO. The company and the government each sold a 10 percent stake in November 2010 at ̀ 90 a share. The company hit the capital market with an initial
public offering in October 2007. So far in the current financial year, the government has raised over ̀ 1,300 crore through the sale of minority stakes in PSUs.
It has set a target of ̀ 40,000 crore from disinvestment this financial year.
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ONLY FOR RENEWAL
PERIOD REMARKS MIN. INVESTMENTS.NO MANUFACTURING (COMPANY NAME)
6M 12M 18M 24M 36M
1 GODREJ PROPERTIES LTD - 8.50 - 9.00 9.50 ONLY NON-CUMULATIVE SCHEME 10000/-
2 JAGATJIT INDUSTRIES LTD 10.00 10.50 - 11.00 11.50 - 50000/-
RATE OF INTEREST ( %) p.a
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MUTUAL FUND
NEWS
HDFC MF introduces FMP 369D December 2013 (1)
HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 369D December 2013 (1), a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 16, 2013. The investment objective of the scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). There is no assurance that the investment objective of the Scheme will be realized.
Reliance MF introduces Dual Advantage Fixed Tenure Fund
Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Dual Advantage Fixed Tenure Fund IV - Plan E, a Close Ended Income scheme. The NFO opens for subscription on Dec 6, 2013, and closes on Dec 20, 2013. The investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.
ICICI Prudential MF introduces Fixed Maturity Plan-Series 71-1095 Days Plan O
ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Fixed Maturity Plan-Series 71-1095 Days Plan O, a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 19, 2013. The investment objective of the scheme is to generate income by investing in aportfolio 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.
LIC Nomura MF introduces Fixed Maturity Plan Series 73(366 Days)
LIC Nomura Mutual Fund has launched the New Fund Offer (NFO) of LIC Nomura Fixed Maturity Plan Series 73(366 Days), a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 16, 2013. The investment objective of the scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before the maturity of the scheme.
LIC Nomura MF introduces Fixed Maturity Plan Series 73(366 Days)
LIC Nomura Mutual Fund has launched the New Fund Offer (NFO) of LIC Nomura Fixed Maturity Plan Series 73(366 Days), a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 16, 2013. The investment objective of the scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before the maturity of the scheme.
IDBI MF introduces FMP Series IV 366 Days (December 2013) – A
IDBI Mutual Fund has launched the New Fund Offer (NFO) of IDBI FMP Series IV 366 Days (December 2013) - A, a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 17, 2013. The investment objective of the scheme is to generate income through investments in Debt and Money Market Instruments. In accordance with SEBI Circular No SEBI/IMD/ CIR No. 12/147132/08 dated December 11, 2008 each Plan shall invest only in such securities which mature on or before the maturity date of the respective plan.
IDBI MF introduces FMP Series III 494 Days (December 2013) –O
IDBI Mutual Fund has launched the New Fund Offer (NFO) of IDBI FMP Series III 494 Days (December 2013) -O, a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 20, 2013. The investment objective of the scheme is to generate income through investments in Debt and Money Market Instruments. In accordance with SEBI Circular No SEBI/IMD/ CIR No. 12/147132/08 dated December 11, 2008 each Plan shall invest only in such security es which mature on or before the maturity date of the respective plan.
DSP BlackRock MF introduces FMP-Series 130-12M
DSP BlackRock Mutual Fund has launched the New Fund Offer (NFO) of DSP BlackRock FMP-Series 130-12M, a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 19, 2013. The investment objective of the scheme is to generate returns and capital appreciation by investing in a portfolio of Debt and Money Market Securities. The Scheme will invest only in such securities which mature on or before the date of maturity of the Scheme.There is no assurance that the investment objective of the Scheme will be realized.
IDFC MF declares dividend under FMP 366 Days Series 83
IDFC (MF) has declared dividend under the dividend option, monthly dividend option and quarterly dividend option of IDFC Fixed Maturity Plan 366 Days Series 83. The record date for dividend is December 16, 2013. Primary objective to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme. There is no assurance or guarantee that the objectives of the scheme will be realized.
ICICI Prudential MF introduces Capital Protection Oriented Fund IV - PLAN H - 36 Months Plan
ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Capital Protection Oriented Fund IV - PLAN H - 36 Months Plan, a Close Ended Income scheme. The NFO opens for subscription on Dec 11, 2013, and closes on Dec 24, 2013. The investment objective of the scheme is to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the Plan under the Scheme. However, there can be no assurance that the investment objective of the Scheme will be realized.
Tata MF introduces Fixed Maturity Plan Series 46- Scheme E (1095 days from the date of allotment).
Tata Mutual Fund has launched the New Fund Offer (NFO) of Tata Fixed Maturity Plan Series 46- Scheme E (1095 days from the date of allotment), a close ended income scheme. The NFO opens for subscription on Dec 11, 2013, and closes on Dec 19, 2013. The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of Fixed Income Instruments having maturity in line with the maturity of a scheme. The maturity of all investments shall be equal to or less than the maturity of a scheme. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
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NFOs WATCH
Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager MinimumOpens on Closes on Amount
02-Dec-2013 16-Dec-2013 Close-Ended Growth `5000/-ICICI Prudential Capital Protection Oriented-Sr IV Plan G (60M)-Regular (G)
Rajat Chandak / Rahul Goswami /Aditya Pagaria
to seek to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The debt securities would mature on or before the maturity of the Scheme.
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
ICICI Pru. Exports and Other Services Fund - G 26.09 30-Nov-2005 155.04 14.13 32.71 39.37 13.32 12.67 1.56 0.37 0.50 57.25 32.16 2.34 8.26
ICICI Prudential Dynamic Plan - Growth 131.77 31-Oct-2002 3398.03 12.50 19.65 15.44 6.40 26.09 1.58 0.61 0.15 54.96 21.33 0.84 22.87
Tata Ethical Fund - Plan A - Growth 82.38 24-May-1996 108.20 7.14 13.28 13.72 6.65 16.51 1.30 0.48 0.09 69.16 24.79 -- 6.05
Franklin India Smaller Companies Fund - G 18.80 13-Jan-2006 281.76 20.84 14.49 13.62 7.74 8.30 1.97 0.67 0.14 13.12 78.10 0.34 8.43
ICICI Prudential Top 100 Fund - Growth 168.55 09-Jul-1998 379.06 9.97 15.75 12.22 6.34 20.08 1.87 0.78 0.12 85.60 4.55 -- 9.85
Axis Equity Fund - Growth 13.42 05-Jan-2010 563.06 7.36 7.53 11.55 5.40 7.76 1.74 0.79 0.13 79.65 13.18 2.40 4.77
Franklin India High Growth Com. Fund - G 15.57 26-Jul-2007 486.40 12.26 12.02 10.04 5.72 7.18 1.87 0.77 0.09 53.85 35.68 2.17 8.30
EQUITY (Diversified)
BALANCED
INCOME FUND
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 12/12/2013Beta, 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
SBI Magnum Balanced Fund - Growth 61.78 09-Oct-1995 398.12 11.28 10.20 11.05 5.44 15.68 1.35 0.10 33.29 36.82 2.24 27.66
ICICI Prudential Balanced - Growth 60.52 03-Nov-1999 535.01 9.44 9.50 10.04 9.21 13.60 1.33 0.09 50.04 18.17 0.39 31.39
FT India Balanced Fund - Growth 58.01 10-Dec-1999 193.03 8.72 5.81 7.45 5.38 13.36 1.53 0.03 57.14 15.35 -- 27.51
HDFC Balanced Fund - Growth 67.57 11-Sep-2000 1099.18 12.59 10.36 6.72 6.65 15.50 1.40 -- 25.45 44.16 1.58 28.81
Birla Sun Life 95 - Growth 360.00 10-Feb-1995 584.69 7.34 6.43 5.32 4.60 20.94 1.46 -- 57.53 14.53 1.07 26.86
Tata Balanced Fund - Plan A - Growth 103.34 08-Oct-1995 562.98 7.30 6.94 5.18 7.15 15.65 1.51 -0.01 49.48 24.76 0.31 25.46
UTI Balanced Fund - Growth 91.10 20-Jan-1995 869.48 8.72 8.21 4.91 3.30 15.96 1.35 -0.01 55.69 17.18 1.44 25.69
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 18.43 03-Sep-2003 392.85 -4.97 5.39 12.60 2.84 11.06 8.44 6.13 40.32 0.10 1628.00 8.41
Templeton India Income Oppo. Fund - G 14.01 11-Dec-2009 3742.69 5.62 9.92 13.44 5.75 8.74 9.27 8.79 17.33 0.08 842.00 10.81
Axis Banking Debt Fund - Growth 1138.26 08-Jun-2012 256.69 9.53 12.66 11.00 8.46 8.73 -- 8.94 8.32 0.15 102.00 9.06
ICICI Prudential LTP - Reg - Cumulative 25.81 28-Mar-2002 303.39 8.38 7.87 8.16 8.85 8.73 8.61 8.43 2.51 0.45 6.79 6.65
Templeton India Corporate Bond Oppo. Fund - G 12.23 07-Dec-2011 4871.08 5.59 10.58 14.22 5.88 8.66 -- 10.49 18.14 0.08 972.00 11.03
Tata Income Plus Fund - Plan A - Growth 19.01 11-Nov-2002 174.49 -5.97 3.39 11.76 -0.39 8.41 7.87 5.96 33.03 0.04 1595.00 8.97
Morgan Stanley Active Bond Fund - Reg - G 12.62 03-Jun-2009 589.86 -21.31 -10.53 6.59 -3.59 8.23 7.15 5.28 28.78 0.04 3728.00 7.95
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.
Sundaram Flexible Fund - ST - Growth 18.41 30-Dec-2004 750.64 8.28 10.09 9.22 7.01 7.86 8.34 7.05 8.55 0.05 80.00 8.84
Birla Sun Life Short Term Oppo. Fund - Reg - G 19.95 24-Apr-2003 1029.13 9.03 11.54 12.15 6.95 10.20 10.17 6.71 14.33 0.18 -- 10.38
Sundaram Select Debt - S T A P - Reg - Appreciation 21.38 04-Sep-2002 305.37 7.35 10.05 10.05 6.88 10.09 11.07 6.97 13.81 0.19 391.00 9.55
HDFC Short Term Opportunities Fund - G 13.43 25-Jun-2010 2389.25 7.58 12.35 13.62 6.73 8.46 9.21 8.86 13.44 0.08 485.00 9.74
Tata Short Term Bond Fund - Plan A - G 22.96 08-Aug-2002 320.22 6.80 9.93 11.50 6.73 9.24 9.00 7.59 12.68 0.13 471.00 9.01
Birla Sun Life Medium Term Plan - Reg - G 14.77 25-Mar-2009 1320.35 12.42 13.71 13.40 6.59 10.36 10.24 8.62 15.47 0.18 -- 11.02
Morgan Stanley Short Term Bond Fund - Reg - G 14.07 26-May-2009 526.66 7.54 11.58 10.94 6.59 9.11 9.24 7.86 13.62 0.11 533.00 9.21
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 1694.55 31-Jul-2006 1686.27 8.23 10.24 9.70 9.73 9.18 8.82 7.42 4.92 0.33 104.00 --
DWS Ultra Short-Term Fund - Growth 20.20 21-Oct-2003 1842.88 9.18 9.94 9.32 9.47 9.19 9.16 7.17 4.37 0.38 40.00 9.55
Templeton India USB Fund - Retail - G 15.96 18-Dec-2007 4132.25 9.53 10.60 9.80 9.34 9.42 9.33 8.12 3.71 0.50 73.00 9.65
Tata Floater Fund - Plan A - Growth 1872.96 06-Sep-2005 2700.42 9.09 10.15 9.94 9.33 9.38 9.39 7.88 4.34 0.43 89.00 9.14
Birla Sun Life Ultra Short Term Fund - Ret - G 225.46 19-Apr-2002 543.50 8.64 10.28 10.56 9.25 9.35 9.25 7.22 4.55 0.40 -- 9.64
IDFC Ultra Short Term Fund - Reg - G 17.38 17-Jan-2006 1824.43 9.83 11.04 10.16 9.25 9.41 9.70 7.24 4.84 0.40 63.00 9.34
Birla Sun Life Savings Fund - Ret - G 231.39 27-Nov-2001 4607.40 9.13 11.29 10.42 9.23 9.31 9.20 7.21 5.10 0.34 -- 9.72
Annualised
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