- Indian markets indices (Sensex and Nifty) closed marginally lower by 0.27% and 0.22% respectively on weak global cues. Most sectors also ended lower except for IT, media and pharma. - European markets closed higher, with gains of 0.44% in FTSE, 0.77% in CAC and 1.09% in DAX. - Reliance Industries is planning to shut one of its crude oil units for maintenance for around two weeks starting early February. SpiceJet signed an agreement with Tiger Air for seamless connectivity between their flights. The hearing in the additional spectrum allocation case was postponed to February 20, 2014.

1. Corporate Newsletter
16th December 2013
SWASTIKA INTELLIGENCE GROUP
MARKET SNAPSHOT
INDIAN MARKETS
INDICES
SENSEX
NIFTY-50
Current Val.
20659.52
6154.7
Points
-56.06
-13.70
% Change
-0.27
-0.22
High
20764.52
6183.25
Low
20637.77
6146.05
Prev. Close
20715.58
6168.40
Sector
NSE SECTORAL INDICES
Current Value % Change
IT
MEDIA
PHARMA
INFRA
METAL
BANK NIFTY
FINANCE
REALTY
CONSUMPTION
AUTO
FMCG
ENERGY
9,110.25
1,744.40
7,313.75
2,407.90
2,401.05
11,372.95
4,723.30
172.25
2,504.25
5,150.70
16,501.85
7,656.10
+1.70
+0.57
+0.51
+0.09
+0.09
+0.05
+0.00
-0.14
-0.15
-0.57
-0.73
-1.15
EUROPEAN MARKETS UPDATE AT 4:00 PM
INDICES
Last Closed
Change
FTSE
6469.00
+28.99
CAC
4091.30
+31.61
DAX
9106.00
+99.51
Nifty Top Gainers
Symbol
LTP
SSLT
INFY
POWERGRID
TATAPOWER
COALINDIA
Prev. Close
199.75
3,451.00
99.20
88.60
287.00
191.90
3,373.85
97.50
87.20
283.10
% Change
+4.09
+2.29
+1.74
+1.61
+1.38
Nifty Top Losers
Symbol
LTP
M&M
JINDALSTEL
SUNPHARMA
RELIANCE
BHARTIARTL
Prev. Close
% Change
950.55
259.80
571.15
864.70
320.85
-2.89
-2.85
-2.48
-2.28
-2.23
923.05
252.40
557.00
845.00
313.70
CURRENCY UPDATE (RBI Reference Rate)
ADVANCES DECLINES UNCHANGED
NSE
373
509
45
/$
/£
/€
/100 ¥
13th Dec
62.1266
101.5335
85.4135
59.9000
16th Dec
62.1024
101.2704
85.4284
60.4000
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai

2. Corporate Newsletter
16th December 2013
SWASTIKA INTELLIGENCE GROUP
NEWS UPDATES
Reliance Industries (RIL)is planning to shut a crude distillation unit (CDU) at its 660,000 barrels per day (bpd)
Jamnagar refinery around early February for maintenance, the maintenance would likely last around two weeks
and the capacity of the unit to be shut was estimated between 320,000 and 330,000 bpd.
Spice Jet Limited, majority-owned by Kalanithi Maran, signed a three-year interline agreement with Singapore's
largest budget airline - Tigerair - to strengthen connectivity between flights operated by both the carriers. Under
the new agreement, customers traveling on SpiceJet’s domestic network can enjoy seamless connection through
Hyderabad’s Rajiv Gandhi International Airport onto Tigerair’s Singapore-bound flight from January 6, 2014.
The hearing in the additional spectrum case, in which Bharti Cellular CMD Sunil Mittal, Essar Group promoter
Ravi Ruia and others have been summoned as an accused, has been fixed for February 20 next year by
a Delhi court. Mittal and Ruia did not appear in the court on 16th december 2013 while former Telecom Secretary
Shyamal Ghosh, who is also an accused in the case, appeared before it. CBI, in its charge sheet, had named Shyamal
Ghosh and the three telecom companies as accused in the case relating to the Department of Telecommunications
(DoT) allocating additional spectrum which had allegedly resulted in a loss of Rs 846 crore to the exchequer.
GlaxoSmithKline Pharmaceuticals has initiated a voluntary open offer to increase its stake in its Indian
pharmaceutical unit - GlaxoSmithKline Pharmaceuticals Limited - from 50.7% to up to 75% at a price of Rs 3,100
per share. The potential total value of the transaction at the offer price is approximately Rs 6,400 crore (£629
million). The offer, to acquire up to 20.6 million shares, represents 24.3% of the total outstanding shares of the
Indian company.
Tata Steel Europe's future after it announced asset impairment of $1.6-billion (Rs 8,609 crore), became the
biggest by an Indian company. Steel demand in Europe was down 30 per cent from its 2007 peak, leading to lower
capacity use, poor realisation and squeezed margins. Just six months later, Tata Steel's European business has
surprised everybody - it helped its parent post a higher-than-expected operating profit in the second quarter this
financial year. Tata Steel's international operations reported an operating profit of Rs 645 crore in the September
quarter against a loss of Rs 211 crore in the year-ago period. Revenue was up seven per cent to Rs 26,544 crore,
highest in five years and up 50 per cent from the lows of 2009. This was the second consecutive quarter of
revenue growth at Tata Steel Europe, contributing 60 per cent of the parent's consolidated revenue. Tata Steel
also has plants in Thailand and Singapore, which account for a little over a tenth of its consolidated revenues,
while Europe accounts for the rest.
The wholesale price index (WPI) for the month of November shot up to a 14-month high of 7.52 percent from 7
percent in the previous month, led by higher primary, food and fuel prices. The street was largely expecting the
November WPI to stay at 7 percent. The September WPI number has also been revised upwards at 7.05 percent
from the provision figure of 6.46 percent. The biggest culprit remains food inflation which accelerated to 19.93
percent in November from 18.19 percent in October. The primary articles inflation for the month rose to 15.92%
versus 14.68% in October. Food inflation had caused a similar spike in the consumer price index (CPI), which
came in at 11.24 percent in November. The Reserve Bank is expected to hike repo rate by 25 bps to combat
soaring prices. The RBI will announce its monetary policy on December18th 2013.
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai

3. Corporate Newsletter
16th December 2013
SWASTIKA INTELLIGENCE GROUP
Disclaimer: This document is solely for the personal information of the intended recipient and must not be exceptionally used as the basis for any investment
decision. Nothing in this document should be construed as investment, Legal, taxation or financial advice. Swastika Investmart Ltd. is not soliciting any action based
upon it. Each recipient of this document should make necessary investigations as they consider important to arrive at an independent evaluation of an investment in
the securities of the companies referred to in this document (including the merits and risks involved). This report has been made based on information that we
consider reliable and are publicly available but we do not state that it is accurate or complete and it should not be solely relied upon such, as this document is for.
Swastika Investmart Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make investment decisions that are
inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are those of the analyst, and the company may
or may not subscribe to all the views expressed within this document.
Swastika Investmart Limited or any of its affiliates/ group companies, or employees shall not be in any way held responsible for any loss or damage that may arise to
any person from any inadvertent error in the information contained in this report.
Swastika Investmart Limited has not independently verified the information contained in this document. Accordingly, we cannot testify, nor make any
representation or warranty, express or implied, to the accuracy, contents or data contained within this document. This docume nt is being supplied to you solely for
your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly.
Report Prepared by
Saloni Gupta
RESEARCH TEAM
Santosh Sahu
Santosh Meena
Amit Khare
Vishnu shreekar
Sonakshi Bahety
Designation
Research Associate
SWASTIKA INTELLIGENCE GROUP
Research Head
Derivatives & Technical Analyst
Commodity Analyst
Commodity Analyst
Research Associate
E-mail ID
salony.gupta@swastika.co.in
research@swastika.co.in
santosh.sahu@swastika.co.in
santosh.meena@swastika.co.in
amit.khare@swastika.co.in
vishnu.shreekar@swastika.co.in
sonakshi.bahety@swastika.co.in
Disclaimer: This document is solely for the personal information of the intended recipient and must not be exceptionally used as the basis for any investment
decision. Nothing in this document should be construed as investment, Legal, taxation or financial advice. Swastika Investma rt Ltd. is not soliciting any action based
upon it. Each recipient of this document should make necessary investigations as they consider important to arrive at an independent evaluation of an investment in
the securities of the companies referred to in this document (including the merits and risks involved). This report has been made based on information that we
consider reliable and are publicly available but we do not state that it is accurate or complete and it should not be solely relied upon such, as this document is for.
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai

4. Corporate Newsletter
SWASTIKA INTELLIGENCE GROUP
16th December 2013
Swastika Investmart Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make investment decisions that are
inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are those of the analyst, and the company may
or may not subscribe to all the views expressed within this document.
Swastika Investmart Limited or any of its affiliates/ group companies, or employees shall not be in any way held responsible for any loss or damage that may arise to
any person from any inadvertent error in the information contained in this report.
Swastika Investmart Limited has not independently verified the information contained in this document. Accordingly, we cannot testify, nor make any
representation or warranty, express or implied, to the accuracy, contents or data contained within this document. This document is being supplied to you solely for
your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly.
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai