Narnolia Securities Limited Market Diary 16.12.2013 Report


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Narnolia Securities Limited Market Diary 16.12.2013 Report

  1. 1. 16th Dec 2013 MARKET DIARY SGX NIFTY : 6184.50 ( 11pts Down ) Quote of The Day "Obvious prospects for physical growth in a business do not translate into obvious profits for investors." Benjamin Graham MARKET Name Sensex Nifty DOW NASDAQ CAC DAX FTSE NIKKIE HANG SENG Change (210.03) (68.65) 15.93 2.57 (9.41) (10.54) (5.29) (112.55) (145.50) EW ALL SHARE Chart of the Day Indian Service Export Trend Value 20715.58 6168.4 15755.36 4000.97 4059.71 9006.46 6439.69 15292.5 23100.46 9798.38 (107.46) INSTITUTIONAL TURNOVER FII Investor 13th Dec, 13 Dec,13 2013 Index Action-Nifty (13th Dec, 13) Buy(Cr.) 3121.35 32572.27 715625.57 Sale(Cr.) 3,553.37 25,609.97 6,35,099.92 Net(Cr.) (432.02) 6962.30 80525.65 Sale(Cr.) 1,036.20 15,352.24 3,12,324.96 Net(Cr.) (45.07) (5801.30) (67688.23) DII Investor 13th Dec, 13 Dec,13 2013 Index Contents Economic calendar Page 4 Coverage UPDATE News 3 UPDATE Derivative Research 2 UPDATE UPDATE Buy(Cr.) 991.13 9550.94 244636.73 COMMODITY PRICE COMMODITY/CURRENCIES Value GOLD 29432.00 SILVER 44776.00 CRUDEOIL 109.50 ↑ ↑ ↑ COPPER NATURALGAS 461.75 272.50 ↑ ↑ DOLLAR/RS. EURO/RS. POUND/RS. 62.13 85.52 101.33 ↑ ↑ ↓ Narnolia Securities Ltd. 124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196 email:, website : 1
  2. 2. Derivative Research NIFTY SNAPSHOT Nifty Spot Nifty Dec 2013 Future Nifty Jan 2013 Future Nifty Dec 2013 Open Interest Nifty Jan 2013 Open Interest 7 DMA of Spot Nifty 21 DMA of Spot NIfty 50 DMA of Spot Nifty VOLATILITY INDEX (VIX) PUT CALL RATIO 6168.40(-68.65) 6264 6319 22004650 3933450 6273 6169 6140 GRAPH 17.84(+0.10) 0.90 Nifty (Dec Series) Option OI Distribution: Index Outlook Activity of Nifty (Dec Series) Strike CALL OI % Chng OI 6000 1684200 1.9 6100 1454250 9.2 6200 3299700 33.4 6300 6464950 16.0 6400 4696850 0.8 6500 5331650 2.0 Fresh Long Seen In (Rising OI -Rising Price) Scrip OI OI ch% ZEEL 37,64,000 50.9 COALINDIA 110,19,000 8.4 AUROPHARMA 142,08,000 7.1 TATASTEEL 167,75,000 2.9 HCLTECH 33,89,000 2.5 PCR (OI) STOCK T1 ALBK 0.33 ONGC 0.47 UBL 0.38 TATAMOTORS 0.40 IOC 0.50 FIIs Activity (Fig in Cr) Segment PUT Buy Sell Net 1,141 11,566 1,113 928 14,748 1,660 11,179 1,709 923 15,471 (519) 387 (596) 5 (722) % Chng 5320150 4536250 3698150 2747700 1273750 741950 CMP 280.2 283.6 309.9 415.4 1182.1 T2 0.26 0.37 0.33 0.35 0.43 5.2 8.3 -13.7 -28.2 -14.5 -24.5 Ch% 0.1 0.7 4.0 0.7 0.2 INDEX FUTURE INDEX OPTION STOCK FUTURE STOCK OPTION TOTAL Fresh Shorts Seen In: (Rising OI -Falling Price) Scrip OI OI ch% CMP GODREJIND 14,05,000 16.5 259.6 PETRONET 20,42,000 14.6 121.8 INDUSINDBK 64,53,000 10.3 416.6 UNIONBANK 100,81,000 8.6 119.1 IRB 129,52,000 7.6 91.6 YESTERDAY'S IMPACT TRADE STOCK STRIKE CE STOCK SBIN 1900 CE SBIN TCS 2100 CE ICICIBANK JPASSOCIAT 55 CE AXISBANK DLF 160 CE JPASSOCIAT TATAMOTORS 380 CE RELIANCE Ch% -3.8 -3.8 -4.0 -2.8 -4.1 STRIKE PE 1700 PE 1100 PE 1200 PE 50 PE 860 PE
  3. 3. Markets Snapshot Top Price Performers Top Performers Top Performers 1D % Change Top Performers 1W % Change MAVENSBIO 10.23 BFUTILITIE 27.58 1M RMCL % Change CINEPRO 10.00 HOVS 27.53 YBRANTDIGI 85.46 DHANUS BIRLAPOWER 10.00 8.33 DQE MLKFOOD 27.21 27.16 DQE VBCIND 79.14 76.80 SOMANYCERA 7.97 CHROMATIC 27.02 HOVS 65.29 87.16 Worst Price Performers Worst Performers 1D % Change Worst Performers 1W % Change Worst Performers 1M % Change GNRL (12.67) SIGRUN (23.53) GODREJPROP (53.54) KANANIIND (10.68) VISASTEEL (22.89) ZENITHINFO (42.75) CRESTANI (9.18) KINETICENG (22.39) BIRLAPOWER (40.91) ELDERPHARM (8.17) COMMEXTECH (22.09) SIGRUN (40.91) DIAPOWER (7.56) SGJHL (21.00) ARIHANT (39.94) Top News : • AIA Engineering's current manufacturing capacity is 200,000 Mt of wear parts. This is currently being augmented to 260,000 Mt by brownfield project which is expected to be commissioned in February, 2014. The land for the above project has already been acquired, necessary environmental clearances have been obtained and the Capex shall be funded through Internal accruals and some external borrowing, if required. • Escorts clarifies on news item : News regarding "Escorts may sell Auto Parts Biz" on December 13, 2013, Escorts Ltd has clarified that the news report is not based on any specific information release from the Company and the Company, as a matter of policy, does not comment on these speculative media reports. • GMR Infra Clarification on news item : News regarding "Istanbul Airport JV, GMR Infrastructure Ltd has clarified that the ‘Right of First Refusal’ (ROFR) process in respect of the sale of stake is in progress and hence the deal is not concluded. • MMTC versus Financial Technologies : Bombay High Court -Final hearing in case scheduled for January -No injunction granted to MMTC for securing SMX sale proceeds -Financial Technologies proposed FT Towers, Shah's holding in Financial Technologies as security • Aurobindo Pharma has received the final approval from the U.S. health regulator to manufacture and market Duloxetine Hydrochloride Delayed-Release capsules, an anti-depressant drug, in the American market. The company has received final approval from the U.S. Food & Drug Administration (USFDA) to manufacture and market 20 mg, 30 mg and 60 mg capsules of Duloxetine Hydrochloride . • Torrent Pharman has entered into a definitive agreement with Elder Pharmaceuticals Limited, Mumbai (Elder) for acquisition of identified Domestic Branded Formulation business of Elder. • Standard & Poor's revised upwards the long-term corporate credit ratings of software majors TCS , Infosys and Wipro to 'A' from 'BBB+.' However, it retained the negative outlook on their foreign currency ratings, citing the negative outlook on the sovereign. • The Cabinet Committee on Economic Affairs (CCEA) approved the Fertiliser Ministry's proposal to provide Rs 5,500-crore subsidy to the cash starved fertiliser industry via a special banking arrangement (SBA) rout . The Finance Ministry had earlier approved the proposal. The Fertiliser Ministry had arranged Rs 5,500 crore loan through banks at an interest rate of more than 10 per cent per annum against subsidy receivables. • U.S Bureau of Labor Statistics - Department of Labor said that U.S. core PPI rose to a seasonally adjusted 0.1%, from 0.2% in the preceding month. Analysts had expected U.S. core PPI to rise 0.1% last month. • Eurostat said that Euro zone employment change remained unchanged at 0.0%, from -0.1% in the preceding month. Analysts had expected Euro zone employment change to remain unchanged at 0.0% last month. • U.S Bureau of Labor Statistics - Department of Labor said that U.S. PPI fell to a seasonally adjusted -0.1%, from -0.2% in the preceding month. Analysts had expected U.S. PPI to fall -0.1% last month.
  4. 4. Management Tweets • Hero MotoCorp Mgt Guideline : Mgt said that the upcoming tariff barrier in Europe, starting January, would be a big worry for the auto industry . There are early signs of growth in the US and some parts of Europe, thus any tariff barrier at this time would hurt the industry’s prospects…however, we hope this won’t be too much and won’t hurt us too much. Hero Moto has shown resilient performance in a slowing market and is looking to increase exports in several emerging markets . Hero Moto has started to build a new export distribution and an export base. The focus is just not on exports, but also on becoming a global company . Hero Moto has started to build a new export distribution and an export base. The focus is just not on exports, but also on becoming a global company . • LT Foods Mgt Guideline : LT Foods, manufacturers of Dawaat Basmati, is expecting a Rs 2,700-crore topline and around Rs 90-100 cr as bottomline for the full year. The company intends to invest Rs 40-50 crore in capex, sales & marketing in FY14. • Suprajit Engineering Mgt Guideline : Company is expecting to clock the highest ever sales and profitability in Q3 . The company has done exceedingly well largely because of its strong presence of exports both in automotive and non-automotive segments . The company has grown 10 percent more than the automotive industry, which grew at 3 percent during the first eight months of the fiscal . Company continues to expect good growth in Q4 given the trend in exports, in after market sales and the non-automotive segment . • Info Edge Mgt Guideline : Company recently invested another Rs 10 crore in, an online education and assessment service. With this round of funding has received a total of Rs 71.5 crore from Info Edge for a 55.81 percent stake. Info Edge had invested Rs 30 crore in the company in February this year. Its real estate portal, which contributes 15-17 percent to total revenues, has been consistently growing 50 percent in last two years. • HEG Mgt Guideline : Company hopes to improve on EBITDA margins to 18.5 percent from 17.5 percent in the next six months with the help of operational efficiencies by reducing scrap and wastage of materials . Even in Q2FY14 margins were marginally better than that of last year . The company also aims to reduce Rs 180 crore of debt from Rs 500 crore on back of capacity expansion undertaken by the company in 2010. Economic Calendar Monday 16-Nov US Tuesday 17-Nov Wednesday 18-Nov Thursday 19-Nov Friday 20-Nov Empire State Manufacturing Index , Revised Nonfarm Productivity q/q , Building Permits , Housing Starts , Crude Oil Unemployment Claims , Existing Home Sales , TIC Long-Term Purchases , Capacity Core CPI m/m , CPI m/m , Current Inventories , FOMC Economic Projections , Final GDP q/q , Final GDP Price Index q/q , Philly Fed Manufacturing Index , CB Leading Utilization Rate , Industrial Account , NAHB Housing Market Index . FOMC Statement , Federal Funds Rate , Flash Manufacturing PMI . Index m/m , Natural Gas Storage . Production m/m , Revised Unit Labor FOMC Press Conference . Costs q/q . UK/EURO ZONE Current Account , CPI y/y , Core CPI y/y , Trade Balance , German Buba Monthly Report . INDIA Advance Tax No , WPI Data CPI y/y , PPI Input m/m , RPI y/y , PPI Output m/m , Core CPI y/y . German PPI m/m , GfK German Claimant Count Change , MPC Asset Consumer Climate , French Flash Purchase Facility Votes , MPC Official Bank Manufacturing PMI , French Flash Rate Votes , Unemployment Rate , Average Services PMI , German Flash Current Account , Retail Sales m/m , Final GDP Earnings Index 3m/y , Public Sector Net Manufacturing PMI , German Flash q/q , Borrowing , German ZEW Economic Services PMI , German Ifo Business Sentiment , ZEW Economic Sentiment , BOE Climate , Flash Manufacturing PMI , Flash Inflation Letter . Services PMI , Net Lending to Individuals m/m , CBI Industrial Order Expectations RBI Monetary Policy Risk Disclosure & Disclaimer :This report/message is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Narnolia Securities Ltd. (Hereinafter referred as NSL) is not soliciting any action based upon it. This report/message is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any form. The report/message is based upon publicly available information, findings of our research wing “Eastwind” & information that we consider reliable, but we do not represent that it is accurate or complete and we do not provide any express or implied warranty of any kind, and also these are subject to change without notice. The recipients of this report should rely on their own investigations, should use their own judgment for taking any investment decisions keeping in mind that past performance is not necessarily a guide to future performance & that the the value of any investment or income are subject to market and other risks. Further it will be safe to assume that NSL and /or its Group or associate Companies, their Directors, affiliates and/or employees may have interests/ positions, financial or otherwise, individually or otherwise in the recommended/mentioned securities/mutual funds/ model funds and other investment products which may be added or disposed including & other mentioned in this report/message.