SMC Global Weekly News Letter (Wisemoney)

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It is a weekly newsletter, which is an epigrammatic on investment opportunities escorted by sound technical and fundamental analysis of existing and forthcoming stocks that keep investors updated …

It is a weekly newsletter, which is an epigrammatic on investment opportunities escorted by sound technical and fundamental analysis of existing and forthcoming stocks that keep investors updated about the market developments. It includes all the segments say Equity, Commodity, Mutual Fund, Currency and Fixed Deposits. It is a complete handy guide, which helps all the investors to multiply their wealth.

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  • 1. 2013: Issue 394, Week: 28th - 31st October A Weekly Update from SMC (For private circulation only) WISE M ` NEY A RUPEE SAVED IS A RUPEE EARNED Brand smc 217 S AV E T O D AY F O R A B E T T E R T O M O R R O W WORLD SAVINGS DAY 31ST OCTOBER 2013 ®
  • 2. From The Desk Of Editor Contents Equity 4-7 Derivatives 8-9 Commodity 10-13 Currency 14 IPO 15 Fixed Deposit 16 Mutual Fund 17-18 S tock markets globally saw some consolidation before U.S. Federal Reserve Monetary policy review due on 29th and 30th October. It is widely expected that accommodative stance would remain the same and no tapering of bond purchases would be done. As a matter of fact, the budget deal just done in U.S. is understood to have shaven off close to 0.5% of GDP and also has led to rise in unemployment. Most Asian markets retreated as the dollar continued to weaken amid expectations that the Fed will not dare to alter its stimulus program when its Monetary Policy Committee meets next week. The sentiment in the region also took a beating from fears of a liquidity squeeze in China. The dollar EDITORIAL STAFF Editor Saurabh Jain Executive Editor Jagannadham Thunuguntla weakness may again give birth to another round easing from Europe to Japan as these economies cannot afford to let their currency appreciate and dent the +Editorial Team Dr. R.P. Singh Vandana Bharti Sandeep Joon Vineet Sood Dhirender Singh Bisht Parminder Chauhan Mudit Goyal Nitin Murarka Tejas Seth Dinesh Joshi Shitij Gandhi Subhranil Dey Ajay Lakra Content Editor Graphic Designer Research Executive Kamla Devi Pramod Chhimwal Sonia Bamba economic recovery that is still at nascent stage. Indian stock indices made highs but just left a notch short of all time highs. The risk reversion as a result of delay in bond purchase taper has once again prompted foreign investors to make a comeback with huge money in Asian markets and India received a good share of that money. While, on a growth front it is tough to say that all problems of our economy including current account and fiscal account crisis have been solved but the gains in the stocks can be attributed to the huge global liquidity. In the monetary review policy on 29th October, it is REGISTERED OFFICES: 11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005. Tel: 91-11-30111000, Fax: 91-11-25754365 MUMBAI OFFICE: Dheeraj Sagar, 1st Floor, Opp. Goregaon sports Club, Link Road Malad (West), Mumbai 400064 Tel: 91-22-67341600, Fax: 91-22-28805606 KOLKATA OFFICE: 18,Rabindra Sarani, Poddar Court, Gate No-4, 4th & 5th Floor, Kolkata-700001 Tel : 91-33-39847000/39801300, Fax No : 91-33-39847004 AHMEDABAD OFFICE : 10/A, 4th Floor, Kalapurnam Building, Near Municipal Market, C G Road, Ahmedabad-380009, Gujarat Tel : 91-79-26424801 - 05, 40049801 - 03 CHENNAI OFFICE: Salzburg Square, Flat No.1, III rd Floor, Door No.107, Harrington Road, Chetpet, Chennai - 600031. Tel: 044-39109100, Fax -044- 39109111 SECUNDERABAD OFFICE: 206, 3rd Floor, above CMR Exclusive, Bhuvana Towers, S.D.Road, Secunderabad - 500003 Tel: 91-40-30780298/99, 39109536 DUBAI OFFICE: 312, Belshalat Building, Al Karama, Dubai, P.O. Box 117210, U.A.E. Tel: 97143963120, Mobile : 971502612483 Fax : 9714 3963122 Email ID : pankaj@smccomex.com smcdmcc@gmail.com widely expected that Reserve Bank of India (RBI) may choose to hike Repo Rate by 25 bps to 7.75% considering high retail inflation measure by consumer price inflation at 9.84% for the month of September and headline inflation firming up for consecutive last four months. RBI also may take pause to further reduce the operational policy rate i.e. Marginal Standing Facility Rate (MSF) currently at 9%. On the commodities front, they moved on their own fundamentals. Yellow metals sparked again owing to poor U.S. payrolls data that gave more confidence that tapering would be delayed. It witnessed the rise of 70% from December 2008 to June 2011 as the Fed pumped more than $2 trillion into the financial system to boost the economy. Fall in dollar index couldn't help industrial metals and energy counter from falling. Crude was in complete bear grip on smooth supply side and rise in inventory in US. Edible oil may shine more on festive demand. Expiry of October contract may add more volatility in the base metals segment. Retail sales of US, unemployment rate of European Union, consumer price index of US and EU, interest rate decision by US, Newzeland and Japan, PMI of China are some of the very important dates and events, which can affect the commodities prices this week. Printed and Published on behalf of Mr. Saurabh Jain @ Publication Address 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005 Website: www.smcindiaonline.com Investor Grievance : smc@smcindiaonline.com Printed at: S&S MARKETING 102, Mahavirji Complex LSC-3, Rishabh Vihar, New Delhi - 110092 (India) Ph.: +91-11- 43035012, 43035014, Email: ss@sandsmarketing.in (Saurabh Jain)
  • 3. NEWS TREND SHEET DOMESTIC NEWS Pharmaceuticals • Lupin has received final approval for marketing additional strengths of cholesterol-lowering drug Antara capsules in the American market. • Ranbaxy Laboratories has received Indian drug regulator's approval to market SynriamTM for treating malaria caused by Plasmodium vivax parasite. • Unichem Laboratories has received approval from the US health regulator USFDA for its generic amlodipine besylate tablets used for treating hypertension and coronary artery disease. Automobile • Hero MotoCorp, the country's largest two-wheeler maker, will commence production at its Rajasthan-based green field plant in the final quarter of this year. The company will invest `550 crore in setting up this plant and a new Global Parts Centre (GPC) both in Neemrana. Metal • Tata Steel, Europe's second-largest steel producer, has won a new contract to supply Britain's Network Rail with more than 95 percent of its rails for at least five years. Realty & Infra • DLF has given a contract worth `1,337 crore to L&T Construction for building its luxury residential project 'The Crest' in Gurgaon. Capital Goods • Alstom T&D India has won the bid to supply power transformers to Nabinagar Power Generating Company Limited's super thermal power project in Bihar. This order, worth approximately `105 crore covers the design, engineering, manufacture, supply, testing, erection and commissioning of generator transformers and associated power transformers and shunt reactor. Construction • Sadbhav Engineering has emerged as the lowest bidder (L1) for a project of Bharat Coking Coal Ltd, a subsidiary of Coal India, with the contract valued at `263.64 crore. • Pratibha Industries has secured an order worth `321.88 crore from Rajasthan government for working on water supply projects. INTERNATIONAL NEWS • US import prices rose by 0.2 percent in September, matching the revised increase reported for August as well as economist estimates. Export prices rose by 0.3 percent in September after falling by 0.5 percent in the previous month. Economists had expected export prices to edge down by 0.1 percent. • US construction spending rose 0.6 percent to a seasonally adjusted annual rate of $915.1 billion in August from the revised July estimate of $909.4 billion. Economists had expected spending to increase by about 0.4 percent. • US non-farm payroll employment increased by 148,000 jobs in September compared to economist estimates for an increase of about 180,000 jobs. • US existing home sales fell 1.9 percent to a seasonally adjusted annual rate of 5.29 million in September from a downwardly revised 5.39 million in August. • US initial jobless claims dropped to 350,000, a decrease of 12,000 from the previous week's revised figure of 362,000. Economists had expected claims to fall to 340,000 from the 358,000 originally reported for the previous week. • US trade deficit ticked up to $38.8 billion in August from a revised $38.6 billion in July. Economists had expected the deficit to widen to $40.0 billion from the $39.1 billion originally reported for the previous month. • Core consumer prices in Japan climbed 0.7 percent on year in September in line with forecasts and down from 0.8 percent in August. Overall inflation was up 1.1 percent on year, versus expectations for 0.9 percent, which would have been unchanged from the previous month. Stocks Closing Trend Date Rate Trend Price Trend S1 R1 S2 R2 Cl. S/l Changed Changed SENSEX 20725 UP 12.09.13 19317 19900 19500 19200 S&P NIFTY 6164 UP 12.09.13 5728 5850 5750 5700 CNX IT 8682 UP 18.07.13 7306 8400 8200 7900 10902 UP 19.09.13 11149 10400 10000 9800 1050 CNX BANK 1154 UP 19.09.13 1098 1100 1080 BHARTIAIRTEL ACC 350 UP 12.09.13 329 330 320 315 BHEL 140 UP 05.09.13 138 135 130 125 UP 18.07.13 413 420 DOWN 26.09.13 136 CIPLA 420 DLF 159 410 150 400 160 165 HINDALCO 115 UP 29.08.13 107 105 100 98 ICICI BANK 1021 UP 12.09.13 951 970 950 920 INFOSYS 3309 UP 18.07.13 2800 3150 3050 3000 ITC 343 UP 19.09.13 355 340 330 320 L&T 966 UP 19.09.13 888 880 850 830 1514 UP 19.09.13 1480 1440 1410 1380 UP 26.09.13 150 145 DOWN 03.10.13 267 MARUTI NTPC 143 ONGC 284 140 278 135 285 290 RELIANCE 885 UP 12.09.13 875 850 840 830 TATASTEEL 332 UP 22.08.13 274 310 295 280 *Stock price has been adjusted according to the Bonus ratio 1:2 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. FORTHCOMING EVENTS EX DATE 28-OCT-13 30-OCT-13 31-OCT-13 31-OCT-13 5-NOV-13 6-NOV-13 MEETING DATE 28-OCT-13 28-OCT-13 28-OCT-13 29-OCT-13 29-OCT-13 29-OCT-13 29-OCT-13 30-OCT-13 30-OCT-13 30-OCT-13 30-OCT-13 30-OCT-13 30-OCT-13 31-OCT-13 6-NOV-13 6-NOV-13 6-NOV-13 7-NOV-13 7-NOV-13 7-NOV-13 8-NOV-13 8-NOV-13 8-NOV-13 SYMBOL HINDZINC TVSMOTOR HINDUNILVR IFCI DABUR COLPAL SYMBOL SYNDIBANK MARUTI DABUR RANBAXY MRPL MARICO NTPC SUZLON LUPIN JINDALSTEL BHARTIARTL GRASIM DLF IDFC ABB GNFC ASHOKLEY TATACOFFEE CHENNPETRO AUROPHARMA PFC IOC CHAMBLFERT PURPOSE INTERIM DIVIDEND RS.1.60 PER SHARE INTERIM DIVIDEND INTERIM DIVIDEND DIVIDEND RE 1/- PER SHARE INTERIM DIVIDEND FIRST INTERIM DIVIDEND PURPOSE RESULTS RESULTS RESULTS/DIVIDEND RESULTS RESULTS RESULTS/DIVIDEND RESULTS RESULTS RESULTS RESULTS/OTHERS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS RESULTS ® 4
  • 4. INDIAN INDICES (% Change) SECTORAL INDICES (% Change) 2.50 8.00 7.16 2.01 2.00 1.71 1.63 6.00 1.50 1.00 4.00 0.50 0.13 1.69 2.00 0.00 0.76 -0.50 0.38 0.19 0.05 -0.40 0.10 0.00 -1.00 -0.75 Nifty SMC Trend Nifty Sensex Sensex BSE Midcap BSE Smallcap Nifty Junior S&P CNX 500 -0.91 -0.99 -1.00 -2.00 -2.71 BSE Midcap Nifty Junior BSE Smallcap S&P CNX 500 -4.00 Auto Index Bankex Cap Goods Index Cons Durable FMCG Index Index Healthcare Index IT Index Metal Index Oil & Gas Index Power Index Realty Index GLOBAL INDICES (% Change) SMC Trend Auto Cap Goods Bank Cons Durable Realty 2.00 1.37 1.50 1.00 0.50 FMCG Healthcare IT Metal Oil & Gas Power 0.78 0.71 INSTITUTIONAL ACTIVITY (Equity) (` Crore) 0.43 0.38 2000.00 0.00 1723.50 -0.24 -0.50 1500.00 -0.52 -1.00 1001.60 1000.00 -1.50 799.90 -1.34 645.70 -2.00 500.00 -2.16 -2.50 Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp. FTSE 100 0.00 CAC 40 -162.90 SMC Trend Nasdaq Dow jones S&P 500 -500.00 Nikkei Strait times Hang Seng Shanghai Up FTSE 100 CAC 40 Down Wednesday Thursday MF Activity NSE NIFTY TOP GAINERS & LOSERS (% Change) 12.00 10.57 10.00 8.00 Tuesday FII Activity Sideways BSE SENSEX TOP GAINERS & LOSERS (% Change) 12.00 -391.50 Monday Friday -97.80 -217.40 10.73 10.00 7.64 8.87 7.81 8.00 6.00 7.58 7.11 6.00 3.21 4.00 3.12 4.00 1.66 2.00 2.00 0.00 0.00 -2.00 -2.00 -4.00 -3.26 -6.00 -5.75 -8.00 -5.27 -5.27 Sesa Sterlite Wipro Jindal Steel TCS BHEL -4.35 -6.00 -7.03 Larsen & GAIL (India) St Bk of India Maruti Toubro Suzuki -4.00 Bajaj Auto -5.61 -5.28 -5.14 Jindal Steel TCS BHEL -7.02 -8.00 Larsen & Toubro IDFC Bank of Baroda GAIL (India) Asian Paints Wipro HCL Technologies ® 5
  • 5. Beat the street - Fundamental Analysis SOUTH INDIAN BANK LIMITED CMP: 21.15 Target Price: 30 SOUTH INDIAN BANK LIMITED Investment Rationale • Bank has added 22 new branches and 42 ATMs in Face Value (`) 1.00 the quarter ended September 2013 taking the 52 Week High/Low 30.65/18.95 network strength to 775 branches and 878 ATMs, while it proposes to add 25 branches and 122 M.Cap (` Cr.) 2836.00 ATMs in the second half of FY2014. Bank target EPS (`) 3.90 network of 800 branches and 1000 ATMs by the P/E Ratio (times) 5.42 end March 2014. P/B Ratio (times) 0.99 • Business of the bank grew 13% YoY to `75610 crore in the quarter ended September 2013, Stock Exchange BSE showing moderation in growth from 16% growth at % OF SHARE HOLDING end June 2013. The advances grew by 12% at `32132 crore while deposits grew by 13% at `43478 crore. Foreign • Bank has reduced bulk deposits sharply from over 33.61 `12000 crore at end March 2013 to `10000 crore at 47.03 Institutions end June 2013 and `7725 crore at end September 6.83 Non Promoter Corporate 2013. Accordingly, the share of bulk deposits in 12.53 Holding total deposits has dipped from 28% at end March Public & Others 2013 to 23% at end June 2013 and 17.8% at end September 2013. • Interest Margin (NIM) of the bank improved 13 Net ` in cr bps on sequential basis to 3.06% in Q2 of FY2014 Particular Mar 2013 Mar 2014(E) Mar 2015(E) from 2.93% in Q1 of FY2014. The steady yield on advances and lower cost of deposits, helped to Net total income1,615.76 1,862.01 2,190.70 improve the margins in the quarter ended Pre-Tax Profit 655.86 745.34 918.42 September 2013. Bank expects to maintain NIM above 3% in FY2014. Net Profit 502.27 528.67 634.84 • Bank has witnessed further improvement in CASA EPS 3.99 4.03 4.81 ratio to 21.3% at end September 2013 from 20.6% at end June 2013 and 20.0% at end September BVPS 22.46 25.20 29.11 2012. ROE 20.63 16.77 17.53 • Provision Coverage Ratio (PCR) dipped to The KAJARIA CERAMICS LIMITED VALUE PARAMETERS Face Value (`) 52 Week High/Low M.Cap (` Cr.) EPS (`) P/E Ratio (times) P/B Ratio (times) Dividend Yield (%) Stock Exchange CMP: 239.35 • Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India. It has an annual aggregate capacity of 43.60 mn. sq. meters, distributed across seven plants-Sikandrabad in Uttar Pradesh, Gailpur in Rajasthan, four plants in Morbi in Gujarat and one at Vijayawada in Andhra Pradesh. • Company expects the ceramic tiles business to grow by 15% CAGR over the next 2 years, while the polished vitrified tiles (PVT) and GVT to grow at % OF SHARE HOLDING CAGR of 20-22%. • company has approved investment upto 64% of The Foreign the equity in M/s Kajaria Sanitaryware Pvt Ltd, which 15.11 19.73 is commissioning a plant for production of 7 lacs pcs Institutions 3.08 p.a. of sanitaryware at Morbi (Gujarat). The plant is 8.58 Non Promoter Corporate expected to be operational in Q4 FY14. Holding 53.51 • The company has approved conversion/ Promoters modernisation of Polished Vitrified Tile unit having Public & Others capacity of 2 million sqr mtr p.a. into Glazed Vitrified Tile with a capacity of 3.4 million sqr mtr p.a. at ` in cr Sikandrabad plant. The conversion/modernisation is expected to be completed in Q4 FY14. Particular Mar 2013 Mar 2014(E) Mar 2015(E) Revenue 1,587.11 1,905.19 2,193.75 • WestBridge Crossover Fund will increase its stake EBITDA 221.48 275.87 321.16 in the company from 7.8% to 14.6%. The company will also look to increase its FII holding limit to 40%. EBIT 183.12 251.45 297.44 The company will receive `150 crore — leading to Pre-Tax Profit 148.03 167.54 186.79 around 8% equity dilution — which will primarily be Net Profit 100.54 111.96 125.15 used for funding capex in FY14-15. EPS 13.66 15.21 17.00 BVPS 48.49 63.20 80.68 • Over the past decade, the company has doubled its ROE 32.43 ® 28.35 P/E Chart Target Price: 279 Investment Rationale 2.00 261.40/174.00 1761.62 14.18 16.88 4.94 1.25 BSE Upside: 43% 53.5% at September 2013 compared to 57.9% a quarter ago. The PCR was higher compared to 51.2% at end September 2012. • Capital Adequacy ratio under Basel II stood at 13.16% with Tier I of 11.40% at end September 2013 compared with 14.43% with Tier I of 12.32% at end September 2012. Valuation The reduction in bulk deposits and rising share of NRI and CASA deposits helped bank to improve cumulative margins. New branch addition would further help in more business growth going forward. Moreover the bank does not expect major slippages of advances to NPA category, while it is planning aggressive actions targeting for substantial recoveries in H2FY2014. We expect the stock to see a price target of `30 in one year time frame on a one year average P/B of 1.04x and FY15 (E) book value per share of `29.11. Upside: 17% network to 660 dealers and 5,000 smaller subdealers. Today, it has a strong presence in the north, which contributes 42% to revenues; the south contributes 29% and the balance comes from the west and east zones. • profit of the company rose 8.1% to `22.99 crore Net in the quarter ended June 2013 as against `22.19 crore during the previous quarter ended June 2012. Sales rose 22.6% to `432.63 crore in the quarter ended June 2013 as against `352.87 crore during the previous quarter ended June 2012. Valuation The company has leveraged its long standing presence in the tile market and its strong distribution network to deliver strong growth in the past few years. We expect the stock to see a price target of `279 in one year time frame, based on estimated FY15E EPS of 17 on one year average P/Ex of 16.44. P/BV Chart 27.13 Above calls are recommended with a time horizon of 1 year. Source: Company Website Reuters Capitaline 6
  • 6. EQUITY HDFC BANK LIMITED The stock closed at `670.00 on 25th October 2013. It made a 52-week low at `528 on 28th August 2013 and a 52-week high at `727.30 on 30th May 2013. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at `524.16. It has formed Inverted head and shoulder on the charts and upside is anticipated in the near term. One can Buy in the range of 660-662 levels with closing below stop loss of 643 levels for the target of 690-700 levels. MCLEOD RUSSEL INDIA LIMITED The stock closed at `282.90 on 25th October 2013. It made a 52-week low at `237.70 on 22nd August 2013 and a 52-week high at `386.45 on 22nd February 2013. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at `256.96. It has formed double bottom at lower levels and managed to sustain at higher levels last week despite weakness in major index on the weekly basis. One can Buy in the range of 279-280 levels with closing below stop loss of 273 levels for the target of 295-300 levels. VOLTAS LIMITED The stock closed at `84.35 on 25th October 2013. It made a 52-week low at `62.50 on 04th September 2013 and a 52-week high of `119 on 05th November 2012. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at `113.14. It has formed higher highs and higher lows at bottom levels, which signifies its strength. It is anticipated that it may give a sharp spurt in the coming days with volumes. One can Buy in the range of 83-84 levels with closing below stop loss of 79 levels for the target of 93-95 levels. Charts by Spider Software India Ltd ® Above calls are recommended with a time horizon of 1-2 months 7
  • 7. DERIVATIVES WEEKLY VIEW OF THE MARKET Last week Nifty was range bound in comparison with the recent past, as Nifty traded in the narrow range of 135 points, with weekly high of 6252 and 6116 as weekly low. Markets remained stock specific and mid cap and small stocks outperformed the large cap stocks. This range bound movement may get directional trigger after RBI policy announcement on 29 October. However the 6250 level will remain crucial resistance for bulls, and close above 6250 will lead Nifty to new high. On the other hand, the index has strong support at 6000 levels. Nifty is expected to remain in the range of 6000-6300 levels this week with slightly negative bias. The options concentration continues to be at 6000-strike put option with an open interest of above 50 lakhs shares. Among the call options, the 6300-strike holds the highest open interest of above 55 lakh shares followed by the 6200-strike call with above 50 lakh shares. Above discussed option data indicates put writing at 6000 strikes and call writing at 6200 and 6300 strike. The put-call ratio of open interest marginally increased closing at 1.50 levels. The Implied Volatility (IV) of call options closed lower 19.22% while the average IV of put options ended at 20.78%. Nifty VIX is trading flat and it is likely to rise in coming week. The Nifty index may find intermediate support around 6080 levels and resistance near 6200 levels. DERIVATIVE STRATEGIES BULLISH STRATEGY BEARISH STRATEGY TITAN Buy OCT. 250. CALL 4.00 Sell OCT. 260. CALL 1.50 M&M Buy OCT. 860 PUT 8.00 Buy OCT. 840 PUT 3.00 Lot size: 1000 BEP: 252.50 Max. Profit: 7500.00 (7.50*1000) Max. Loss: 2500.00 ( 2.50*1000) OPTION STRATEGY DABUR Buy OCT. 185. CALL 2.70 Sell OCT. 190. CALL 1.00 Lot size: 2000 BEP: 186.70 Max. Profit: 6600.00 (3.30*2000) Max. Loss: 3400.00 ( 1.70*2000) Lot size: 250 BEP: 855.00 Max. Profit: 3750.00 (15.00*250) Max. Loss: 1250.00 (5.00*250) MCLEODRUSS (OCT FUTURE) FUTURE STRATEGY TATACOMM (OCT FUTURE) HINDPETRO (OCT FUTURE) Buy: Above `284 Sell: Below `222 Sell: Below `191 Target: `289 Target: `217 Target: `184 Stop loss: `281 Stop loss: `225 Stop loss: `195 BASIS GAP IN NIFTY NIFTY TOTAL OPEN INTEREST (in share) 7000000 45 6002500 5744550 6000000 40 5072650 5000000 4722800 4583450 35 4783000 4579050 4109000 4023300 4000000 30 3617550 25 3103700 3000000 2790050 2667400 1527500 2000000 20 2118700 15 1171700 1000000 540500 691750 542650 10 1025700 815600 164500 5 0 5400 5500 5600 5700 5800 5900 Call 6000 6100 6200 6300 6400 0 09-Oct Put 10-Oct 11-Oct 14-Oct 15-OCt 17-Oct 18-Oct 21-Oct 22-Oct 23-oCT FIIs ACTIVITY IN F&O IN LAST TEN SESSIONS FIIs ACTIVITY IN INDEX FUTURE (F&O) IN LAST WEEK (Derivative segment) `(Cr) 24-Oct (Derivative segment) 1000.00 871.39 743.70 SELL 9.0% 692.66 431.60 500.00 0.00 -188.49 -500.00 -693.67 -1000.00 -851.72 -953.45 -881.24 -1500.00 -1591.45 -2000.00 10-Oct 11-Oct 14-Oct 15-Oct 17-Oct 18-OCt 21-Oct 22-Oct 23-Oct 24-Oct BUY 91.0% ® 8
  • 8. DERIVATIVES NIFTY ANALYSIS NIFTY & IV CHART 6300 21 Put Call Ratio Analysis : The Put-Call open interest ratio of Nifty has decreased to 1.50 from 1.56. At the end of the week, the maximum stocks had a negative of change in put call open interest ratio. 20 6200 19 6100 18 6000 Implied Volatility Analysis : The Implied Volatility (IV) for Nifty futures this week has increased to 19.22% from 18.22%. The IV of the stock futures has changed this week ranging from -21.33% to 12.65%. Open Interest Analysis : The open interest for the index at the end of this week has decreased by 8.39% as compared to the previous week. All future stocks saw changes in their open interest ranging from -21.49% to 8.98%. RANBAXY has the maximum decrease in open interest as compared to other stocks. 17 18-Oct 21-Oct 22-Oct Nifty Close 23-Oct 24-Oct Statistical Analysis· Open 6090.00 Low 6088.25 IV High Close 6267.75 6173.80 IMPORTANT INDICATORS OF NIFTY AND OTHER ACTIVE FUTURE CONTRACTS OPEN INTEREST SCRIPTS PREV. WEEK 7612000 BHARTIARTL CURRENT WEEK 6696000 PCR RATIO % CHANGE -12.03 PREV. WEEK 0.99 CURRENT WEEK 0.87 IMPLIED VOLATILITY CHANGE -0.12 PREV. WEEK 34.07 CURRENT WEEK 36.46 CHANGE 2.39 DLF 21469000 20514000 -4.45 0.89 0.93 0.04 65.53 61.11 -4.42 HINDALCO 23312000 23228000 -0.36 0.77 0.75 -0.02 41.32 43.42 2.10 HINDUNILVR 6560500 5644000 -13.97 0.56 0.51 -0.05 28.60 30.80 2.20 ICICIBANK 8692750 8040500 -7.50 0.91 0.72 -0.19 41.90 38.55 -3.35 IDEA 8582000 9294000 8.30 1.04 0.68 -0.36 39.99 41.53 1.54 INFY 2738500 2519000 -8.02 1.45 1.34 -0.11 22.13 20.93 -1.20 ITC 20799000 18992000 -8.69 0.73 0.52 -0.21 31.85 28.29 -3.56 JPASSOCIAT 49816000 48740000 -2.16 1.05 1.07 0.02 62.44 59.87 -2.57 NTPC 10180000 10128000 -0.51 0.49 0.44 -0.05 31.36 27.71 -3.65 ONGC 9757000 9086000 -6.88 0.44 0.48 0.04 34.34 34.93 0.59 RANBAXY 9240500 7255000 -21.49 0.39 0.53 0.14 84.99 63.66 -21.33 27720000 29540000 6.57 0.43 0.38 -0.05 49.09 56.53 7.44 8595000 7705000 -10.35 0.96 0.67 -0.29 25.29 25.49 0.20 18814800 17235350 -8.39 1.56 1.50 -0.06 18.22 19.22 1.00 SAIL 15504000 16896000 8.98 0.91 1.09 0.18 42.97 39.48 -3.49 SBIN 6114000 6060000 -0.88 0.52 0.60 0.08 36.15 42.19 6.04 TATASTEEL 17573000 15127000 -13.92 1.11 1.05 -0.06 44.23 39.53 -4.70 UNITECH 93728000 86952000 -7.23 0.49 0.31 -0.18 60.85 73.50 12.65 RCOM RELIANCE NIFTY ® 9
  • 9. SPICES BULLIONS Jeera futures (Dec) may slide towards 12400 levels on the back of favourable sowing conditions in major producing states along with strong arrivals in Unjha mandi. The total sowing acreage is likely to increase by 1012% in the current year as strong sowing is likely in the areas of Gujarat and Rajasthan. Chilli futures (Dec) is expected to witness an extended rally surpassing 6650 levels. Factors such as strong exporters demand along with possibility of some crop damage in Madhya Pradesh may add to the upside. It is being reported that heavy rainfall during the last couple of weeks damaged the chilli crop around 20- 25%. In the current scenario, export demand is being noticed from Sri Lanka and Bangladesh. The export prices of chilli Teja quality were also trading higher at $ 223 per tonne at Kandla port. Turmeric futures (Nov) is expected to trade in the range of 4500-5000 levels, with upside being getting capped. Higher carry forward stocks available in the domestic market and hopes of higher output this season are keeping buyers away from fresh buying. The total carryover stocks of turmeric in major mandies were reported higher at 65 lakh bags as on 11th October 2013, up almost 11 lakh bags from the last year in the same period. The downside in Cardamom futures are likely to persist due to ongoing harvesting season. This season the production is expected around 20,000 tonnes in 2013–14 year, which may increase till the last picking activity (March – April), if weather condition remain favourable for the capsules. OIL AND OILSEEDS Mustard futures (Nov) is likely to test 3800 levels taking positive cues from the spot markets. The counter in northern Rajasthan state including state capital Jaipur depicted an upward trend. In Jaipur and Kota, prices spurted on stockists' buying. Prices also moved up in Alwar, Bharatpur and Kherli markets on higher demand from upcountry markets. Moreover, the start of lean season and improved winter seasonal demand for mustard oils will continue to lend strong support to the counter. Refined soy oil futures (Nov) will possibly maintain the upside bias, pushed by rally in soybean prices & rising demand ahead of the Diwali festival. The counter is expected to rise towards 745 levels. Soybean futures (Nov) might continue to witness a bull run, seen heading towards 3900 levels. There are reports that excess rains could reduce the soyabean crop for 2013-14 to around 10.2-10.3 million tonnes. It is being cited that heavy rains have damaged the crop in Madhya Pradesh and Maharashtra both in terms of quality and quantity. Worries on the standing crop in Madhya Pradesh and Gujarat have boosted the sentiments in last few days. In the international market, U.S soybean prices may continue to remain stable taking support above 1290 levels. The latest statistics from U.S Dept. of Agriculture shows that farmers gathered 63% of soybeans in the main growing areas as of Oct. 20, below the five-year average. CPO futures (Nov) will possibly move further upside towards 550 levels, pushed by seasonal demand & on optimisms persisting in oilseeds complex. OTHER COMMODITIES Sugar futures are seen to trade with a negative bias pressurized by selling pressure from the producers. Ample sugar stock with millers and the start of new season with restricted export opportunity remains unsupportive for sugar market fundamental. Chana futures (Nov) will perhaps witness a consolidation in the range of 2970-3150 levels. At the spot market, the arrivals are outstripping demand, as stockists are releasing their inventories in the domestic market ahead of sowing progress in the current Rabi season. Slack demand and buying support have also dragged chana both in the domestic and export market. Mentha oil futures (Nov) is likely to trade with a bearish bias & remain below 875 levels. Factors such as strong carryover stocks in major mandies, sluggish demand by user industries and comfortable stock position around 45-50 thousand tonnes against the average annual domestic demand of 32-33 thousand tonnes, may keep a lid over any short covering. Kapas futures (Apr) will further drop towards 950 levels. The spot markets are noticing remarkable arrivals of new crops. According to Indian Cotton Federation, Gujarat is expected to top with 125 lakh bales (170 kg each), followed by Maharashtra and Andhra Pradesh with 75 lakh bales each. Meanwhile, the Cotton Association of India (CAI) estimated that the cotton crop for the season 2013-14, that began this month, is expected at 381 lakh bales. Guar seed futures (Dec) is expected to consolidate in the range of 4500-5150 levels. As higher arrivals are round the corner, stockist and millers are away from fresh buying, as the counter may fall further. Bullion counter is expected to remain choppy as investors will eye the outcome of Oct. 29-30 Federal Open Market Committee meeting to get clue about winding of stimulus measures. Recently decline in greenback has supported the prices. On the domestic bourses movement in local currency will give its direction further which can hover in range of 60-63. Gold may trade in range of $1300-1430 in COMEX and 30000-32000 in MCX. White metal silver can hover in range of 48500-52000.Recently the strong demand from China is making up for some of the slack demand from India. Battling a huge trade deficit and a weak currency, Indian government has taken various steps this year to make it harder and more expensive for Indians to get hold of gold, the biggest item on the country's import bill after oil. But gold demand in physical market is still present ahead of auspicious occasion of Diwali. Gold premiums in India have recently soared as consumers compete to get their hands on a more limited supply. Meanwhile industrial demand growth for silver continues to be challenged, not only due to substitution but also due to the volatility of silver prices resulting in reducing the intensity of use in applications. Supply growth in Silver is forecasted to outpace industrial and consumer demand growth over the medium term and cost curve is not expected to provide price support due to the fact that two thirds of global mine supply is by product. ENERGY COMPLEX Crude oil prices may remain subdued as some short covering can be seen and investors will gauge the outcome of Fed meeting this week. Recently seasonal maintenance in US has also reduced the oil demand for refineries, which has capped the upside in crude oil. US refineries fed crude to distillation units at a rate of 15.3m barrels per day last week, down 148,000 b/d from the previous week and sharply below the furious pace of early summer. Overall crude oil can move in range of 5800-6250 in MCX and $95102 in NYMEX. U.S. crude oil inventories rose by 5.2 million barrels last week, the fifth-largest build of the year, with stocks at the Cushing hub rising for the second week in a row. Natural gas may remain sideways in range of 210-240. According to EIA, US natural gas inventory increased more than expectations by 87 billion cubic feet (bcf) which stood at 3.741trillion cubic feet for the week ending on 18th October 2013. MDA Weather Services stated that current Midwest temperatures are the lowest since spring. But it projects that conditions in the next six to 10 days won't be as cold as previously thought, and hence will reduce demand. The outlook for the next six to 10 days shows "not a warm map by any stretch for much of the Plains and upper Midwest”. Stronger gas heating demand in the current cold snap could limit the size of inventory increases in coming weeks as the start of the heating season draws near. BASE METALS Base metals complex may continue to remain sideways with upside bias as weaker greenback and recovery in China PMI and GDP figures are supporting the prices. Strong new orders drove the fastest expansion in China's manufacturing sector in seven months in October. Recently China Markit/HSBC Purchasing Managers Index (PMI) stood at 50.9 in October, above September's final reading of 50.2 and marking a seven-month high. In the first nine months of the year, the $8.5 trillion economy in China grew 7.7 percent from a year earlier, putting it on track to achieve Beijing's 2013 target of 7.5 percent, which would be the weakest growth in 23 years. Red metal copper can trade in range of 420-455. According to International Copper Study Group “global copper market showed a 151,000 tonne deficit in July, mostly due to demand for refined copper from China, the world's leading consumer of the metal”. Zinc prices can hover in range of 113-120 in MCX. Nickel prices can trade in the range of 880-935 in MCX. Nickel metal is supported by the cues that Indonesia would continue its earlier deadline i.e. January 1, 2014 for the ban on metal's ore export. Battery metal lead can move in range of 128-136. Aluminum may trade in a range bound manner in range of 109-115. Global aluminium production rose by an annualised 454,000 tonnes to 46.93 million tonnes in September, according International Aluminium Institute (IAI). ® 10
  • 10. COMMODITY TREND SHEET EXCHANGE CONTRACT CLOSING PRICE* NCDEX SOYABEAN (NOV) NCDEX JEERA (NOV) DATE TREND TREND CHANGED RATE TREND S1 R1 S2 R2 CHANGED 3740.50 10.10.13 UP 3681.00 3400.00 - 12612.50 03.10.13 DOWN 12607.00 - 14100.00 6074.00 5500.00 - 841.50 - 960.00 NCDEX RED CHILLI (NOV) 6548.00 10.10.13 UP NCDEX RM SEEDS (NOV) 3696.00 10.10.13 MENTHA OIL (NOV) 851.10 10.10.13 DOWN 3200.00 3000.00 15800.00 - 4500.00 1020.00 5000.00 15000.00 1080.00 SIDEWAYS MCX CLOSING STOP/LOSS MCX CARDAMOM (NOV) 733.50 28.02.13 DOWN 965.00 - 800.00 830.00 860.00 MCX SILVER (DEC) 50107.00 26.09.13 DOWN 48639.00 - 52000.00 55000.00 58000.00 MCX GOLD (DEC ) 30235.00 26.09.13 DOWN 29865.00 - 30700.00 31500.00 32000.00 MCX COPPER (NOV) 446.65 12.09.13 DOWN 459.25 - 460.00 - 480.00 490.00 MCX LEAD (NOV ) 134.35 24.10.13 SIDEWAYS MCX ZINC (NOV ) 118.85 12.09.13 DOWN 118.20 - 120.00 - 125.00 128.00 MCX NICKEL(NOV ) 907.10 12.09.13 DOWN 879.20 - 920.00 - 950.00 980.00 MCX ALUMINUM (NOV ) 113.70 26.09.13 DOWN 111.65 - 115.00 - 120.00 125.00 MCX CRUDE OIL (NOV) 5996.00 26.09.13 DOWN 6415.00 - 6300.00 - 6500.00 6650.00 MCX NATURAL GAS (NOV ) 231.80 17.10.13 SIDEWAYS Closing as on 24.10.2013 NOTES : 1) 2) 3) 4) Buy / Sell 25% of Commodity at S1/R1 respectively & rest 75% at S2/R2 respectively. S1 & S2 indicate first support & second support & R1 & R 2 indicate first resistance & second resistance. 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. 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 GOLD MCX (DECEMBER) GOLD MCX (DECEMBER) contract closed at `30562.00 on 24th October '13. The contract made its high of `34975.00 on 28th August '13 and a low of `27282.00 on 7th August '13. The 18-day Exponential Moving Average of the commodity is currently at `29770. On the daily chart, the commodity has Relative Strength Index (14-day) value of 58. One can buy in the range 30300-30200 with the stop loss of `30050 for a target of `30850. RMSEED NCDEX (DECEMBER) RMSEED NCDEX (DECEMBER) contract closed at `3765.00 on 24th October '13. The contract made its high of `3814.00 on 24th October '13 and a low of `3551.00 on 23rd September '13.The 18-day Exponential Moving Average of the Commodity is currently at `3710. On the daily chart, the commodity has Relative Strength Index (14-day) value of 64.One can buy in the range 3750-3730 with the stop loss of `3700 for target of `3850. SOYABEAN NCDEX (NOVEMBER) SOYABEAN NCDEX (NOVEMBER) contract closed at `3740.5 on 24th October '13. The contract made its high of `3824.00 on 24th October '13 and a low of `3390.00 on 21st September '13.The 18-day Exponential Moving Average of the Commodity is currently at `3612. On the daily chart, the commodity has Relative Strength Index (14-day) value of 66. One can buy in the range 3720-3700 with the stop loss of `3675 for a target of`3850. ® 11
  • 11. COMMODITY NEWS DIGEST WEEKLY COMMENTARY • Global crude steel production rose 6.1 percent in September 2013 from a year earlier. Commodities moved more on their own fundamentals in the week gone by. Bullion counter rally sparked taking support from lower buying together with fall in dollar index, which was two-year low as against the euro, boosting demand for precious metals as an alternate investment. Gold edged up after tracking downside in oil also, which is hovering near a four-week high, on hopes that the Federal Reserve will extend its bullion-friendly stimulus efforts. Jobs data of US was below expectation in September and this proved bullish for bullion counter but bearish for industrial metals and energy counter. In MCX, gold closed above the strong level of 30500 while silver closed up above the level of 50000. Crude prices cooled off to multi week low on rise in supply side and US oil inventories as well. U.S. crude oil inventories rose by 5.2 million barrels last week, the fifth-largest build of the year, with stocks at the Cushing hub rising for the second week in a row, as per EIA. Combination of horizontal drilling and hydraulic fracturing, or fracking, has unlocked supplies in shale formations in North Dakota, Texas and other states is raising the supply side in US. Sharp fall in natural gas attributed to mild weather in US, which dampened the demand for natural gas. Base metals behaved in different way, tracking their own fundamentals'. Nickel outperformed other metals. It showed magical upside, highest since mid-August amid concern that ore exports will be halted next year from Indonesia, the top producer. Copper futures fell the most in 12 weeks after the data showed employers in the U.S. hired fewer workers last month than estimated by economists. • China will retain a ban on overseas commodity exchanges setting up warehouses in its country. • India's third biggest gold fund of Reliance will begin accepting fresh investments again after shutting off new buy-ins three months ago to support government efforts to curb bullion demand and control a rising trade deficit. • Recently shortage of the Gold sent Indian gold premiums to more than $120 an ounce over London prices this month when demand far exceeded supply due to the Dussehra festival. • Indian Jewellery exports rose 16.5 percent on month in value terms to $653.90 million in September. • According ISMA, India produced 25.1 million tonnes (mt) of sugar in the crop season ended September 30, about 4.5% lower than in the previous crop year. Mixed performance was there in spices complex. Steady to firm sentiment witnessed in red chilli futures. Turmeric prices saw marginal gain despite higher carry forward stocks available in the domestic market. Smooth arrivals coupled with higher carryforward stocks attributed to the selling pressure in jeera futures. Soybeans extended gains and corn climbed on speculation that demand is improving as U.S. farmers withhold newly harvested supplies. Spot market of guar traded mixed amid normal trading activities and major buyers are unwilling to buy at current level. Market is expecting around 40% increase in production over last year. Ample of sugar stock with millers and the start of new season with restricted export opportunity were remaining unsupportive for the sugar futures last week. • Spices exports during the April-June 2013 period dropped 9% at 177,625 tonnes against 195,248 tonnes in the corresponding period of the last financial year. • Central Bank of India has entered into a memorandum of understanding with NCDEX Spot Exchange (NSPOT), the e-market place for farmers. NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change) 10.00 5.00 4.39 4.17 8.00 4.00 4.00 7.84 3.54 3.00 2.53 6.00 5.35 2.00 3.98 4.00 3.57 3.48 1.00 0.00 2.00 -1.00 -0.91 0.00 -1.45 -2.00 -2.00 -2.06 -1.96 -3.00 -2.60 -3.07 -3.29 -4.00 -3.79 -4.00 -3.82 -4.82 -5.00 -6.00 RED CHILLI SOYABEAN SILVER NEW GOLD NEW BARLEY COTTON 29 MM CRUDE OIL KAPAS CASTOR SEED NEW NEW STEEL LONG WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX) COMMODITY UNIT BARLEY CASTOR SEED CHANA CHILLI COTTONSEED OILCAKE JEERA MAIZE RAPE MUSTARD SEED SOYA BEAN SEEDS SUGAR M WHEAT MT MT MT MT MT MT MT MT MT MT MT 15.10.13 QTY. 15640 76046 72898 1461 0 2956 1010 27256 0 1699 7454 GOLD M STEEL RPR SILVER 1000 NICKEL GUARSEED CRUDE OIL NATURAL GAS COTTON MENTHA OIL CARDAMOM WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX) 23.10.13 QTY. DIFFERENCE 12512 75933 69000 682 0 2521 2104 26313 0 1878 4599 -3128 -113 -3898 -779 0 -435 1094 -943 0 179 -2855 COMMODITY UNIT 17.10.13 QTY. CARDAMOM 24.10.13 DIFFERENCE QTY. MT 72.50 74.90 2.40 BALES 0.00 0.00 0.00 GOLD KGS 155.00 152.00 -3.00 GOLD MINI KGS 16.70 16.70 0.00 KAPASIA KHALLI GOLD GUINEA KGS 13.42 11.10 -2.33 MENTHA OIL KGS 2606545.15 2608706.75 2161.60 MILD STEEL MT 584.43 584.43 0.00 KGS 12660.57 13509.80 849.23 SILVER (30 KG Bar) ® 12
  • 12. COMMODITY SPOT PRICES (% change) COOIT's Trade Estimate for Kharif Oilseed Production during 2013-14 Season PEPPER MALABAR GAR (KOCHI) 5.14 SILVER (DELHI) 3.89 CHILLI (GUNTUR) 3.85 GOLD KG (MUMBAI) • As per the Ministry of Agriculture, the acreage under oilseeds as on 17th October, 2013 estimated at 194.94 lakh hectares against 177.66 lakh hectares last year, up by 17.28 lakh hectares. 3.22 SOYABEAN (INDORE) 2.70 MUSTARD (JAIPUR) • Production of total Nine major Kharif Oilseeds Crop is estimated at 169.05 lakh tons for the year 2013-14 against last year's 151.83 lakh tons. 2.04 CRUDE PALM OIL (KANDLA) The Central Organization for Oil Industry & Trade (COOIT) hosted the 51st All India Convention of Oilseeds, Oil Trade &Industry at Delhi on 19th October, 2013 and announced the trade estimate of Khariff Oilseeds crop and availability of vegetable oils from kharif crop during 2013-14 season. The salient features of the trade estimate are as under: 1.74 Area Lakh Ha. * 43.20 122.20 2.43 14.93 9.84 2.33 -194.94 ---- 1.54 TURMERIC (NIZAMABAD) 2013-14 Kharif season Groundnut Soybean Sunflower Sesame Castor Niger Toria Total Cottonseed Copra Grand Total REFINED SOYA OIL (INDORE) Oils eeds 1.40 CORIANDER (KOTA) 1.15 MASOOR (INDORE) 0.75 BARLEY (JAIPUR) 0.63 CHANA (DELHI ) 0.27 GUR (MUZAFFARNGR.) -0.26 RAW JUTE (KOLKATA) -0.42 Crop Lakh Tons 47.15 102.30 1.85 3.50 12.05 0.70 1.50 169.05 111.60 7.00 287.65 Yield 1091 837 761 234 1225 300 -867 ---- Change as compared to 2012-13 Kharif season Area Crop Lakh Lakh Ha. Tons (+) 4.11 (+) 20.95 (+) 15.17 (+) 4.70 (+) 0.36 (+) 0.35 (+) 0.61 (+) 0.10 (-) 1.97 (+) 0.62 (-) 0.29 (-) 0.10 -No change +) 17.28 (+) 17.22 -(+) 9.30 -(+) 1.00 -(+) 27.52 *Area as per GOI data as on 17th Oct.,2013 JEERA (UNJHA) -1.22 RUBBER (KOCHI) • Overall oilseeds yield has increased to 867 kgs/ha during current kharif crop from 855 kgs/ha. last year. -1.60 CARDAMOM (VANDANMEDU) -3.15 -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 DIFFERENCE • Cottonseed production is estimated at 360 lakh bales compared to 330 lakh bales during 2012-13. Cottonseed production is estimated at 111.60 lakh tons against 102.30 lakh tons last year and Cottonseed Oil production would be 12.20 lakh tons compared to 11.13 lakh tons last year. 5402650 61750 • Groundnut production in 2013-14 kharif season is estimated at 47.15 lakh tons(in Shells) against 26.20 lakh tons in last year. WEEKLY STOCK POSITIONS IN LME (IN TONNES) COMMODITY STOCK POSITION STOCK POSITION 17.10.13 24.10.13 5340900 ALUMINIUM COPPER 502750 489400 -13350 NICKEL 228264 231636 3372 LEAD 233025 232425 -600 ZINC 1060475 1045700 -14775 PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $) COMMODITY • This year soybean production is estimated to be around 107 lakh tonnes as compared to 113.40 lakh tonnes last year. In the current year, in spite of sizable increase in area under soybean, the crop is lower than last year due to extensive damage both in term of quality and quantity due to heavy rain fall during end September also early October at the time of harvesting. EXCHANGE CONTRACT 18.10.13 24.10.13 CHANGE% ALUMINIUM LME 3 MONTHS 1847.00 1861.00 0.76 COPPER LME 3 MONTHS 7245.00 7175.00 -0.97 -0.11 LEAD LME 3 MONTHS 2176.00 2173.50 NICKEL LME 3 MONTHS 14200.00 14650.00 LME 3 MONTHS 1934.00 1936.00 0.10 GOLD COMEX DEC 1314.60 1350.30 2.72 SILVER COMEX DEC 21.91 22.82 4.14 LIGHT CRUDE OIL NYMEX DEC 101.11 97.11 -3.96 NATURAL GAS NYMEX MAR 3.97 3.81 -3.81 • Rice Bran Oil production estimated at 930,000 tons during 2013-14 compared to 900,000 ton during 2012-13. • Local Palm Oil production is estimated at 110,000 tons for the current year against last year 80,000 tons. • Maize oil production is increasing in the country and estimated at 50,000 tons for the current year. • The Vegetable Oil available from kharif oilseeds crop and the secondary sources are estimated at 58.03 lakh tonnes compared to last year's 52.65 lakh tonnes i.e up by 5.38 lakh tonnes. 3.17 ZINC • The marketable surplus of nine major oilseeds in 2013-14 kharif Season is estimated at 118.05 lakh tonnes against 114.88 lakh tonnes in last year. INTERNATIONAL COMMODITY PRICES COMMODITY EXCHANGE CONTRACT UNIT 18.10.13 24.10.13 CHANGE(%) Soya CBOT NOV Cent per Bushel 1291.25 1309.75 1.43 Maize CBOT DEC Cent per Bushel 441.50 440.25 -0.28 CPO BMD JAN MYR per MT 2401.00 2464.00 2.62 Sugar LIFFE DEC 10 cents per MT 513.80 502.30 -2.24 ® 13
  • 13. CURRENCY Currency Table Currency Pair News Flows of last week Open High Low Close USD/INR 61.36 61.94 61.16 61.48 EUR/INR 83.95 85.04 83.95 99.36 100.01 99.22 99.35 U.S. construction spending hit a near 4-1/2 year high in August 24th Oct: British factory orders unexpectedly weakened this month 24th Oct: The British public's expectations for future inflation have surged to their highest level in two years 84.86 GBP/INR 22nd Oct: JPY/INR 62.76 63.54 62.57 63.16 24th Oct: The U.S. trade deficit widened slightly in August as exports slipped 24th Oct: U.S factory output contracted for the first time since late 2009 24th Oct: U.S. manufacturing grew at its slowest pace in a year this month 24th Oct: (Source: FX Central, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST) The number of Americans filing new claims for unemployment benefits fell less than expected last week Economic gauge for the next week Market Stance In the week gone by, Indian rupee remained sidelined on the back of mixed sentiments prevailing in market. Losses were remained capped due to strong equity markets and dollar weakness over the globe. Foreign funds extend buying in local stocks for a 15th session, being provisional buyers of $161.5 million on Thursday, exchange data showed. The dollar set a fresh two-year low versus the euro last week, pressured by strengthened expectations that the US Federal Reserve will maintain its asset purchases through early next year. The dollar also set a fresh 8-1/2-month low versus a basket of currencies and slipped to a twoweek low against the yen. However, in spite of dollar weakness over the globe, rupee couldn't manage to retain gains amid hefty fresh demand for the American currency from banks and importers. Date Currency Event PREVIOUS 29th Oct USD Advance Retail Sales 0.20% 29th Oct USD Consumer Confidence 79.7 30th Oct EUR German Unemployment Change 25K 30th Oct EUR German Unemployment Rate s.a. 6.90% 30th Oct USD Consumer Price Index Ex Food & Energy (YoY) 1.80% 30th Oct USD Consumer Price Index (YoY) 1.50% 30th Oct EUR German Consumer Price Index (YoY) 1.40% 30th Oct EUR German Consumer Price Index - EU Harmonised (YoY) 1.60% 30th Oct USD Federal Open Market Committee Rate Decision 0.30% 30th Oct USD Fed Pace of MBS Purchases $40 30th Oct USD Fed Pace of Treasury Purchases $45 31st Oct JPY Bank of Japan Rate Decision 31st Oct EUR Euro-Zone Consumer Price Index Estimate (YoY) 1.10% 31st Oct EUR Euro-Zone Consumer Price Index - Core (YoY) 1.00% 01st Nov USD ISM Manufacturing 56.2 USD/INR EUR/INR USD/INR (OCT) contract closed at `61.48 on 24th October'13. The contract made its high of `61.94 on 22nd October'13 and a low of `61.16 on 23rd October'13 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at `61.78. On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 41.55. One can sell below 61.30 for a target of 60.00 with the stop loss of 61.85 EUR/INR (OCT) contract closed at `84.86 on 24th October'13. The contract made its high of `85.04 on 24th October'13 and a low of `83.95 on 21st October'13 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at `84.36 Technical Recommendation GBP/INR GBP/INR (OCT) contract closed at `99.35 on 24th October'13. The contract made its high of `100.01 on 23rd October'13 and a low of `99.22 on 24th October'13 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at `99.46. On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 49.80. One can sell below 98.80 for a target of 97.50 with the stop loss of 99.50 On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 55.47. One can buy around 84.10 for a target of 85.25 with the stop loss of 83.45 JPY/INR JPY/INR (OCT) contract closed at `63.16 on 24th October'13. The contract made its high of `63.54 on 23rdOctober'13 and a low of `62.57 on 23rd ctober'13 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at `63.16. On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 48.60. One can sell below 62.65 for a target of 61.25 with the stop loss of `63.25. ® 14
  • 14. IPO INDIAN IPO NEWS Power Grid Corporation FPO anytime next month; government may raise `1,900 crore State-run transmission utility Power Grid Corporation expects to launch FPO anytime next month. According to the company, the government could get about `1,900 crore from the process, while the company will garner about `6,000 crore from the sale of fresh equities. The company plans to sell 17 per cent equity, through the FPO route, out of which the government share will be around 4 per cent and the rest 13 per cent will be fresh issue of equity shares to the extent of 13 per cent of the pre-issue equity capital worth around `6,000 crore. The Navratna company has proposed to issue fresh 60.18 crore shares, or 13 per cent of the current equity base, through the FPO, while the government proposes to dilute its 18.51 crore shares or 4 per cent stake out of its current 69.42 per cent holding, as part of its `44,000 crore divestment programme, out of which it could so far raise a little over `1,100 crore. After the FPO, the government stake in the company will reduce to 57.89 per cent. ICICI Securities, SBI Capital, Citi, UBS and Kotak Securities are managing the sale. Coal India's follow on public offer to wait till new directors come on board Coal India's follow on public offer for a 5% stake sale will have to wait till the government has appointed seven independent directors on its board, who have retired this year and their positions are yet to be filled up. The government has planned the public offer by the second week of December and has just started road shows. Alok Perti, former coal secretary, SK Roongta, former SAIL chairman, Kamal R Gupta and Dr RN Trivedi are to be appointed as independent directors on the board. AK Rath retired on April 26, 2013, while SK Baruah, Dr Sheela Bhide and Kamal R Gupta completed their tenure on August 3, 2013. AK Rath, Mohd Anis Ansari and Sachi Chaudhuri completed their tenure on August 2 this year. India Inc garners `1,050 cr via IPOs in H1 of FY'14 India Inc mopped up a total Rs 1,050 crore through initial public offers (IPOs) in the first half of 2013-14, sharply up by 36 per cent over the same period of the last fiscal. According to Prime Database, leading database on primary capital market, 16 firms collectively raised Rs 1,050 crore via IPO route in the six months ended September 30, 2013. In the first half of 2012-13, as many as 13 companies had raked in 772 crore capital through IPOs. Interestingly, of the 16 IPOs, which hit the capital market in the first half of the current fiscal, 15 were from the Small and Medium Enterprise (SME) sector. There was only one non-SME IPO, (Just Dial that garnered `919 crore), which accounted for 87 per cent of the total mobilisation. Among sectors, information technology space dominated with three firms mopping up `1,927 crore, which is 29 per cent of the total amount garnered. Real Estate Investment Trusts (REITs) face tax clouds, regulatory hurdles Real Estate Investment Trusts (REITs) could transform the fragmented real estate stratosphere in India. Investors who put money in listed units of REITs could get both — a stabilized return on their investments, and appreciation in market value of assets in a regulated transparent environment. In its draft regulations relating to REITs, market regulator Sebi has broadly applied a framework similar to that of an initial public offer (IPO), requiring listing of units issued by REITs. The regulator has also prescribed various norms, including those related to minimum offer size, public float, and size of assets. IPO TRACKER Company Sector Just Dial Repco Home Fin V-Mart Retail Bharti Infra. PC Jeweller CARE Tara Jewels VKS Projects Speciality Rest. TBZ MT Educare NBCC Olympic card. Multi Comm. Exc. Indo Thai Sec. Vaswani Inds. Flexituff Intl. Prakash Constro. PG Electro. M.Cap(In Cr.) Service provider 7430.55 Finance 1778.40 Trading 410.66 Telecom 29863.51 Jewellary 1744.43 Rating Agency 1731.16 Jewellary 217.39 Engineering 165.06 Restaurants 581.60 Jewellary 931.13 Miscellaneous 381.89 Construction 1522.20 Media 47.54 Exchange 2399.04 Finance 11.70 Steel 7.51 Packaging 503.15 Construction 9.68 Consumer Durables 250.33 Issue Size(in Cr.) 950.11 270.39 123.00 4533.60 609.30 540.00 179.50 55.00 181.96 210.00 99.00 124.97 24.75 663.31 29.60 49.00 104.63 60.00 120.65 List Date Issue Price List Price Last Price* %Gain/Loss(from Issue price) 5-Jun-13 1-Apr-13 20-Feb-13 28-Dec-12 27-Dec-12 26-Dec-12 6-Dec-12 18-Jul-12 30-May-12 9-May-12 12-Apr-12 12-Apr-12 28-Mar-12 9-Mar-12 2-Nov-11 24-Oct-11 19-Oct-11 4-Oct-11 26-Sep-11 530.00 172.00 210.00 220.00 135.00 750.00 230.00 55.00 150.00 120.00 80.00 106.00 30.00 1032.00 74.00 49.00 155.00 138.00 210.00 590.00 165.00 216.00 200.00 135.50 949.00 242.00 55.80 153.00 115.00 86.05 100.00 29.95 1387.00 75.00 33.45 155.00 145.00 200.00 1060.75 286.10 228.65 158.10 97.40 596.95 88.30 2.62 123.85 139.60 96.00 126.85 29.15 470.40 11.70 2.62 218.95 0.77 152.55 100.14 66.34 8.88 -28.14 -27.85 -20.41 -61.61 -95.24 -17.43 16.33 20.00 19.67 -2.83 -54.42 -84.19 -94.65 41.26 -99.44 -27.36 *Closing prices as on 24-10-2013 ® 15
  • 15. FIXED DEPOSIT MONITOR MANUFACTURING COMPANIES RATE OF INTEREST ( %) p.a S.NO MANUFACTURING (COMPANY NAME) 1 ANSAL PROPERTIES & INFRA LTD. 2 6M ANSAL HOUSING & CONSTRUCTION LTD. 12M PERIOD 18M 24M REMARKS MIN. INVESTMENT 36M - 12.00 - 12.25 12.50 - 50000/- 10.00 11.00 - 11.00 11.50 - A&C-20000,B-10000 25000/- 3 ABC INDIA LTD - 11.50 - 12.00 12.50 - 4 DARCL LOGISTICS LTD. - 11.00 - 11.00 11.00 0.50% FOR SR. CITIZEN 5 GATI LTD - 10.00 - 10.50 11.00 0.50% EXTRA FOR SR. CITIZEN & EMPLOYEE. RATE AS PER QUARTERLY OPTION 5000/21000/- 6 IVRCL LTD - 12.00 - 12.25 12.50 - 25000/- 7 J K LAKSHMI CEMENT LTD - 9.00 - 9.25 9.50 - 25000/- 8 J K TYRE & INDUSTRIES LTD - 9.00 - 9.25 9.50 - 25000/- 9 J K PAPER LTD - 8.50 - 9.00 9.50 - 25000/- 10 JAIPRAKASH ASSOCIATES LTD. 11.00 11.50 - 11.75 12.00 - 20000/- 11 JAPYEE INFRATECH LTD. 11.00 11.50 - 11.75 12.00 - 20000/- 12 JSL STAINLESS LTD. - 9.75 - 10.00 10.25 0.50% EXTRA FOR SR. CITIZEN & 0.25 EXTRA FOR EMP & SHAREHOLDERS(500) 21000/- 13 OMAXE LTD 14 PRATIBHA INDUSRIES LTD 11.50 12.00 - 12.25 12.50 - 25000/- - 11.50 - 12.00 12.25 0.25% FOR SR. CITIZEN 20000/- 15 PRISM CEMENT - 10.25 - 10.25 10.25 - 10000/- 16 SRS REAL INFRASTRUCTURE LTD. - 12.00 - 12.25 12.50 - 20000/- 17 SRS LTD. - 12.00 - 12.25 12.50 - 20000/- 18 SURYA ROSHINI LTD - 10.00 - 11.00 11.50 ACCEPT ONLY CUMULATIVE SCHEME 30000/- 19 SUMEET INDUSTRIES LTD - 12.00 - 12.25 12.50 - 20000/- 20 TALBROS AUTOMOTIVE COMPONENTS LTD - 9.50 - 10.25 11.00 - 10000/- 21 UNITED SPIRITS LTD (UB GROUP) 22 UNITECH LTD - 11.00 - 11.50 - - 25000/- 11.50 11.50 - 12.00 12.50 - 25000/- NON BANKING FINANCIAL COMPANIES S.NO 1 (NBFC COMPANY -NAME) 12M DEWAN HOUSING FINANCE CORPORATION LTD 18M 24M PERIOD 36M 45M 13M=10.50% 48M 14M=10.50% 60M 84M 40M=10.50% 0.50% EXTRA FOR SR. CITIZEN,WIDOW, ARMED, PERSONNEL, EXISTING DHFL HOME BORROWERS & DHFL SHARE HOLDERS, FOR 13M=0.25% EXTRA FOR DEPOSIT 1 CR AND ABOVE, 14M=0.25% EXTRA ON 25LAC & ABOVE (FOR TRUST ONLY) 2 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 10.00 - 10.00 10.00 - 10.00 - 10.00 3 GRUH FINANCE LTD. 9.00 - 9.25 9.50 - 9.50 9.25 9.25 4 HDFC (INDIVIDUAL & TRUST ) - REGULAR <1 CR 9.25 - 9.25 9.25 - 9.00 9.00 - 9.75(15M) 9.60(22M) 5 HDFC PLATINUM SCHEME 6 HUDCO LTD. 9.15 - 8.85 8.90 - 8.75 8.75 8.25 7 LIC HOUSING FINANCE LTD. 9.00 9.00 9.25 9.40 - - 9.60 - 9.25 9.75 10.00 10.25 - 9.75 9.75 - - - 9.30 9.30 - 9.20 9.20 9.15 - - - 10.75 10.75 - 8 MAHINDRA & MAHINDRA FINANCE 9 PNB HOUSING FINANCE LTD. 10 PNB HOUSING FINANCE LTD.-SILVER JUBILEE SCHEME 9.65 - - 11 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 9.25 - 9.75 12 9.50(33M) 0.50% FOR SR. CITIZEN, WIDOW, ARMED PERSONNEL, EXISTING DHFL HOME BORROWERS & DHFL SHARE HOLDERS, 0.25% FOR DEPOSIT RS.25LAC & ABOVE 0.25% FOR SR. CITIZEN & TRUST 0.25% FOR SENIOR CITIZEN. - SHRIRAM TRANSPORT-SUBHIKSHA SCHEME - - 10.75 - 11.30(61M) MIN. INVESTMENT REMARKS - 10,000/- 1000/20,000/20,000/- 11.30(78M) 0.25% FOR SR. CITIZEN 0.25% FOR SR. CITIZEN IF APP ABOVE RS. 50,000/- & 0.10% IF APP UPTO RS. 50,000/0.25% EXTRA FOR SR. CITIZEN 10000/10000/- 0.25% FOR SR. CITIZEN FIXED 20000/CUMULATIVE 10,000/- - FIXED 20000/CUMULATIVE 10,000/- 0.25% EXTRA FOR SR. CITIZEN 25000/- 0.25% EXTRA FOR SR. CITIZEN 10000/- ONLY FOR RENEWAL RATE OF INTEREST ( %) p.a S.NO MANUFACTURING (COMPANY NAME) 6M 12M PERIOD 18M 24M REMARKS MIN. INVESTMENT 36M 1 BOMBAY DYIENG & MANUF LTD - - - - 10.50 0.50% FOR SR. CITIZEN, EMP. & SHAREHOLDERS 20000/- 2 GODREJ PROPERTIES LTD - 8.50 - 9.00 9.50 ONLY NON-CUMULATIVE SCHEME 10000/- 3 HELIOS & MATHESON INFORMATION TECHNOLOGY LTD 4 JAGATJIT INDUSTRIES LTD 5 NETWORK18 MEDIA ® - 12.00 - 12.00 12.00 - 25000/- 10.00 10.50 - 11.00 11.50 - 50000/- - 11.00 - - - 0.50% EXTRA FOR SR. CITIZEN 10000/- • Interest structure may be revised by company from time to time. Pls confirm Interest rates before submitting the application. * For Application Greater Than Rs. Fifty Lakhs Or equal to Fifty Lakhs, Please Contact to Head Office. * Email us at fd@smcindiaonline.com 16
  • 16. MUTUAL FUND NEWS Deutsche MF introduces Fixed Maturity Plan- Series 41(DFMP-41) Deutsche Mutual Fund has launched the New Fund Offer (NFO) of DWS Fixed Maturity Plan- Series 41(DFMP-41), a Close Ended income scheme. The NFO opens for subscription on October 25, 2013, and closes on October 30, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is `5,000 and in multiples of `10 thereafter. The investment objective of the scheme is to generate income by investing in debt andmoney market instruments maturing on or before the date of the maturity of the Scheme Birla Sun Life MF introduces Fixed Term Plan - Series IU (527 days) Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Fixed Term Plan - Series IU (527 days), a Close Ended income scheme. The NFO opens for subscription on October 25, 2013, and closes on October 31, 2013. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. Birla Sun Life MF introduces Fixed Term Plan - Series IT (367 days) Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Fixed Term Plan -Series IT (367 days), a Close Ended income scheme. The NFO opens for subscription on October 25, 2013, and closes on October 28, 2013. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. Deutsche Mutual Fund files offer document for DWS Medium Term Income Fund ("DMTIF") Deutsche Mutual Fund has filed offer document with SEBI to launch an Open ended debt Scheme named as "DWS Medium Term Income Fund ("DMTIF")". The New Fund Offer price is `10 per unit. The investment objective of the scheme is to generate income and capital appreciation by investing in a portfolio of high quality debt securities. Birla Sun Life Mutual Fund files offer document for Birla Sun Life Fixed Term Plan Birla Sun Life Mutual Fund has filed offer document with SEBI to launch a Close ended Income Scheme named as "Birla Sun Life Fixed Term Plan-Series JB to Series KE". The New Fund Offer price is `10 per unit. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. Union KBC Mutual Fund files offer document for Union KBC Capital Protection Oriented Fund Union KBC Mutual Fund has filed offer document with SEBI to launch a Close-ended Capital Protection Oriented Scheme named as “Union KBC Capital Protection Oriented Fund -Series 4 & 5”. The New Fund Offer price is `10 per unit. The investment objective of the scheme is to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments. ICICI Prudential MF introduces Fixed Maturity Plan-Series 70-1285 Days Plan T ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Fixed Maturity Plan-Series 70-1285 Days Plan T, a Close Ended income scheme. The NFO opens for subscription on Oct 22, 2013, and closes on Oct 31, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. However, there can be no assurance that the investment objective of the Scheme will be realized. Pramerica Mutual Fund files offer document for Pramerica Overnight Fund Pramerica Mutual Fund has filed offer document with SEBI to launch an Open Ended Liquid Fund scheme named as “Pramerica Overnight Fund ”. The New Fund Offer price will be `1000 per unit. The investment objective of the scheme is to provide liquidity to the investors while mirroring overnight returns. NFOs WATCH Fund Name NFO Opens on NFO Closes on Scheme Objective Fund Type Fund Class Fund Manager Minimum Amount 15-Oct-2013 29-Oct-2013 To seek capital protection by investing in Close-Ended Growth fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments. Prasad Dhonde / Vineet Maloo `5000/- DSP BlackRock Dual 17-Oct-2013 Advantage Fund Series 19 (36M) Direct Plan (G) 30-Oct-2013 To generate returns and seek capital Close-Ended Growth appreciation by investing in a portfolio of debt and money market securities. The scheme also seeks to invest a portion of the portfolio in equity & equity related securities to achieve capital appreciation. As far as investments in debt and money market securities are concerned, the Schemes will invest only in securities which mature on or before the date of maturity of the Schemes. Dhawal Dalal / Vinit Sambre `5000/- HDFC Capital Protection Oriented Fund - Sr I (36 Mths) Oct 13 - Regular (G) 31-Oct-2013 To generate returns by investing in a portfolio Close-Ended Growth of debt and money market securities which mature on or before the date of maturity of the Scheme. The Scheme also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation Anil Bamboli / Vinay R. Kulkarni / Rakesh Vyas `5000/- Birla Sun Life Capital Protection Oriented Fund - Series 16 Regular (G) 17-Oct-2013 ® 17
  • 17. MUTUAL FUND Performance Charts EQUITY (Diversified) Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns Returns (%) Scheme Name NAV BNP Paribas Equity Fund - Growth AUM (`) Axis Equity Fund - Growth Launch 3M Date 05-Jan-2010 563.06 3.21 1Y Risk (` Cr.) 13.19 6M 3Y Since Std.Dev Beta Market Cap (%) Jenson LARGE MID SMALL CAP CAP CAP OTHER 1.9661 12.2182 Launch 4.82 14.85 3.03 7.55 2.11 0.84 0.07 73.6631 12.1527 DEBT & 42.2 23-Sep-2004 127.71 5.18 9.47 14.76 4.99 17.16 3.02 0.81 -0.04 79.4028 12.2143 -- 8.383 125.83 31-Oct-2002 3398.03 11.63 13.44 13.45 4.41 25.92 2.82 0.76 0.07 61.9501 19.7251 2.8796 15.4452 Tata Ethical Fund - Plan A - Growth 79.95 24-May-1996 108.2 4.13 12.2 12.56 4.17 16.44 3.28 0.84 -0.01 68.2932 22.9875 -- 8.7193 ICICI Prudential Top 100 Fund - Growth 163.45 09-Jul-1998 379.06 9.16 10.81 12.35 4.51 20.03 3.11 0.86 0.05 83.4272 -- 11.3801 ICICI Prudential Focused Bluechip Equity Fund - Ret- G 19.65 23-May-2008 4397.33 6.22 9.12 12.12 4.2 13.26 3.01 0.86 0.17 89.329 3.3371 2.7098 4.6242 Birla Sun Life India GenNext Fund - G 32.67 05-Aug-2005 168.76 2.29 5.77 12.08 7.61 15.48 2.88 0.72 0.06 56.6467 36.823 2.7724 3.758 NAV (`) Launch Date AUM (` Cr.) 3M 6M 1Y Since Launch Std.Dev ICICI Prudential Balanced - Growth 58.25 03-Nov-1999 535.01 4.69 5.90 10.44 7.03 13.43 2.39 0.03 50.32 15.74 2.67 31.27 SBI Magnum Balanced Fund - Growth 58.19 09-Oct-1995 398.12 2.85 4.53 8.93 2.14 15.43 2.54 0.03 29.34 30.84 8.98 30.85 ICICI Prudential Dynamic Plan - Growth 5.1927 BALANCED Returns (%) Scheme Name Risk 3Y Jenson Market Cap (%) LARGE CAP MID CAP SMALL CAP DEBT & OTHER FT India Balanced Fund - Growth 55.83 10-Dec-1999 193.03 2.45 3.26 6.84 3.19 13.19 2.24 0.02 52.11 18.01 -- 29.88 Birla Sun Life 95 - Growth 352.61 10-Feb-1995 584.69 4.71 3.12 6.61 2.74 20.97 2.43 0.06 55.26 13.40 0.91 30.43 Tata Balanced Fund - Plan A - Growth 101.24 08-Oct-1995 562.98 4.95 5.13 6.27 5.23 15.64 2.53 0.06 52.81 18.96 1.14 27.10 UTI Balanced Fund - Growth 88.04 20-Jan-1995 869.48 4.47 3.48 4.51 0.69 15.88 2.40 0.01 56.03 14.75 2.51 26.71 Canara Robeco Balance - Growth 71.02 01-Feb-1993 190.95 3.92 3.43 3.58 3.54 10.11 2.47 0.02 49.49 17.81 1.95 30.74 NAV Launch AUM (`) Date (`Cr.) INCOME FUND Returns (%) Scheme Name Tata Dynamic Bond Fund - Plan A - G 18.32 Morgan Stanley Active Bond Fund - Reg - G 12.70 Canara Robeco Dynamic Bond Fund - Reg - G 13.48 BNP Paribas Flexi Debt Fund - Growth 20.51 Tata Income Plus Fund - Plan A - Growth 18.94 ICICI Prudential Banking & PSU Debt Fund - G 13.51 Axis Banking Debt Fund - Growth 1123.66 03-Sep-2003 03-Jun-2009 29-May-2009 23-Sep-2004 11-Nov-2002 01-Jan-2010 08-Jun-2012 392.85 589.86 302.41 597.03 174.49 537.61 256.69 Risk Annualised Since Std. 1W 2W 1M 6M 1Y 3Y Launch -4.18 -11.14 -12.95 -9.46 -1.42 9.30 7.64 18.96 25.89 23.23 19.35 23.73 9.90 12.38 7.19 4.07 4.65 5.06 3.32 5.21 8.04 11.74 11.52 9.35 9.10 8.97 8.81 8.43 8.50 7.55 8.86 8.13 8.02 8.89 -- 6.15 5.58 7.00 8.22 6.00 8.20 8.83 29.38 17.88 20.94 49.03 15.58 8.56 7.51 Yield till Maturity (Days) Maturity Dev. 9.72 11.85 12.60 12.13 11.67 8.58 8.31 Average Sharpe SHORT TERM FUND -0.03 -0.08 -0.04 -0.03 0.11 0.20 1376.00 2176.00 2690.00 2924.00 1449.00 16.00 164.00 8.99 7.95 9.26 9.12 9.60 10.43 9.77 Due to their inherent short term nature, the following 2 categories have been sorted on the basis of 6month returns Returns (%) Risk Average Yield till (`) Date (`Cr.) 1W Annualised 2W 1M 6M 1Y 3Y Launch Birla Sun Life Short Term Opp. Fund - Reg - G 19.69 24-Apr-2003 1029.13 8.46 5.07 14.80 9.10 9.94 10.04 6.66 8.25 0.16 -- 11.04 Birla Sun Life Medium Term Plan - Reg - G 14.56 25-Mar-2009 1320.35 8.54 5.22 16.78 8.99 9.92 10.04 8.54 9.32 0.14 -- 12.05 10.14 Scheme Name NAV Launch AUM Since Std. Sharpe Dev. Maturity (Days) Maturity Sundaram Select Debt - S TA P - Reg - Appreciation 21.15 04-Sep-2002 305.37 9.46 6.77 13.74 8.44 10.19 10.92 6.95 10.74 0.03 372.00 Morgan Stanley Short T erm Bond Fund - Reg - G 13.95 26-May-2009 526.66 9.29 6.00 17.06 8.11 9.02 9.21 7.90 14.44 0.04 449.00 9.21 Tata Short Term Bond Fund - Plan A - G 22.71 08-Aug-2002 320.22 9.59 5.05 17.24 7.52 9.01 8.83 7.59 19.16 0.05 496.00 9.81 JPMorgan India Short Term Income Fund - G 13.38 25-Mar-2010 1044.04 7.96 6.68 20.29 7.34 8.37 9.09 8.45 6.11 0.19 969.00 9.90 UTI Short Term Income Fund - Ret - G 21.37 23-Jun-2003 3523.68 10.44 0.82 18.95 7.20 9.26 9.61 7.62 11.39 0.12 802.00 -- Average Yield till NAV Launch Since Std. Dev. ULTRA SHORT TERM Returns (%) Scheme Name AUM Risk Sharpe Maturity (Days) Maturity 6M 1Y 3Y Launch DSP BlackRock Money Manager Fund - Reg - G 1674.53 31-Jul-2006 1686.27 9.03 8.21 11.73 9.42 8.96 8.71 7.38 3.01 0.06 137.00 -- DWS Ultra Short-Term Fund - Growth 19.95 21-Oct-2003 1842.88 8.51 8.56 10.85 9.17 8.98 9.00 7.14 2.74 0.21 91.00 10.24 10.32 (`) T empleton India Ultra Short Bond Fund - Retail - G Date (`Cr.) 1W Annualised 2W 1M 15.76 18-Dec-2007 4132.25 8.48 8.48 10.90 9.10 9.20 9.20 8.08 2.64 0.29 64.00 Tata Floater Fund - Plan A - Growth 1849.60 06-Sep-2005 2700.42 8.99 8.63 11.52 9.09 9.20 9.27 7.85 29660.60 0.06 108.00 9.77 IDFC Ultra Short Term Fund - Reg - G 17.16 17-Jan-2006 1824.43 8.89 8.87 11.61 9.05 9.27 9.60 7.20 3.35 0.10 93.00 10.03 3109.69 12-Jul-1999 7890.95 8.87 7.86 10.74 8.95 9.03 8.92 8.26 2.39 0.19 127.00 -- Taurus Ultra Short Term Bond Fund - Ret - G 1440.32 01-Dec-2008 284.28 9.23 11.29 8.94 9.07 9.16 7.73 2.77 0.16 84.00 -- UTI Treasury Advantage Fund - Reg - G 9.29 Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 24/10/2013 Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7% ® 18
  • 18. Mr S C Aggarwal (CMD, SMC Group) during National Conference on Mergers & Acquistions organised by ASSOCHAM at New Delhi. Mr D K Aggarwal (CMD, SMC Investments and Advisors Ltd) during Real Estate Summit cum Excellence Awards organised by ASSOCHAM at New Delhi. Mr Ajay Garg (Director, SMC Global Securities Ltd) delivering speech from the podium during the annual day of Shaheed Sukhdev College of Business Studies at New Delhi.