The Indian markets closed higher with the Sensex up 0.56% and Nifty up 0.56%. Most sectors were in the green led by IT with gains of 1.58%. TCS was the top gainer among Nifty stocks, rising 3.09%. The European markets also closed higher, with the FTSE up 0.60%, CAC up 0.93%, and DAX up 0.70%. JSW Steel plans to hike steel prices by up to 2% and Adani Power may demerge its transmission business. The government infused Rs 700 crore into Dena Bank and Rs 400 crore into Allahabad Bank through share allotments.

1. Corporate Newsletter
27th December 2013
SWASTIKA INTELLIGENCE GROUP
MARKET SNAPSHOT
INDIAN MARKETS
INDICES
SENSEX
NIFTY-50
Current Val.
21193.58
6313.80
Points
+118.99
+34.90
% Change
+0.56
+0.56
High
21235.14
6324.90
Low
21113.25
6289.40
Prev. Close
21074.59
6278.90
Sector
NSE SECTORAL INDICES
Current Value % Change
IT
SERVICE
PSU BANK
PHARMA
FMCG
BANK NIFTY
METAL
REALTY
INFRA
AUTO
MEDIA
ENERGY
9,579.10
7,756.90
2,563.30
7,661.20
16,975.75
11,459.70
2,475.60
187.25
2,479.40
5,309.05
1,783.95
7,903.25
+1.58
+0.97
+0.85
+0.79
+0.72
+0.65
+0.59
+0.46
+0.23
-0.05
-0.06
-0.36
EUROPEAN MARKETS UPDATE AT 4:30 PM
INDICES
Last Closed
Change
FTSE
6,734.91
+40.74
CAC
4,257.91
+39.50
DAX
9,555.99
+67.17
Nifty Top Gainers
Symbol
LTP
TCS
NMDC
KOTAKBANK
CIPLA
WIPRO
Prev. Close
2,165.15
142.50
739.00
405.00
557.40
2,100.30
138.65
725.90
398.05
548.60
% Change
+3.09
+2.78
+1.80
+1.75
+1.60
Nifty Top Losers
Symbol
LTP
JPASSOCIAT
MARUTI
RELIANCE
ASIANPAINT
ULTRACEMCO
Prev. Close
% Change
53.70
1,773.45
878.05
485.25
1,765.25
54.65
1,793.60
887.55
489.85
1,779.90
-1.74
-1.12
-1.07
-0.94
-0.82
CURRENCY UPDATE (RBI Reference Rate)
ADVANCES DECLINES UNCHANGED
NSE
519
438
38
/$
/£
/€
/100 ¥
26th Dec
61.9755
101.4911
84.7925
59.1500
27th Dec
62.0595
102.0320
85.2748
59.2300
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai

2. Corporate Newsletter
27th December 2013
SWASTIKA INTELLIGENCE GROUP
NEWS UPDATES
CBI is closing the preliminary enquiry in Rpower to probe coal block allocation to a power project in Sasan in
Madhya Pradesh run by Anil Ambani's firm. it has come to light that use of surplus coal from the Sasan UMPP was
approved on two separate occasions by two EGoMs. However, they added that any final decision has not been
taken over the closure and any such decision can only be taken after taking into consideration the views of the
Supreme Court.
Sesa Sterlite, Adani Power and GMR Infrastructure got an approval from cabinet for the supply of additional coal
from Coal India Ltd to nine power plants. The supplies could be done at cheaper rates, improving the power
production outlooks for these companies.
Diversified conglomerate Kanakia Group plans to invest more than Rs 500 crore over the next two years for
developing residential and hotel properties, their focus in the coming years will be on developing hotel and
residential properties. & plan to invest more than Rs 500 crore over the next two years, which will be utilised for
buying land parcel and construction. With a portfolio of over 13 million sqft across categories including
residential, commercial and hospitality, the company currently has 13 lakh sqft of area under development in the
residential space and 15 lakh sqft in the commercial segment.
The Madras High Court has asked Aircel Ltd to approach the Appellate Authority for its dispute against the State
Commercial Tax Department related to the company's sale of tower assets to GTL Infrastructure in 2010.
The division bench dismissed the writ appeal of Aircel and its arm Dishnet Wireless against the Department, and
upheld the order of a single Judge on the issue.
JSW Steel has decided to hike prices by up to 2 percent across the board from January, though the demand is flat,
there are pressure on the cost side, particularly iron ore (there's a shortage of iron ore), thus the prices have gone
up substantially. There's a freight increase and and a cost increase & At the sametime, there had been a hike in the
steel prices internationally, According to World Steel Association's estimates, the steel demand is expected to go
up by 48 million tonne in 2014. JSW Steel has USD 1.6 billion open forex payables.It intends to keep hedging costs
to zero and plans to balance forex exposure. The company has a net debt of Rs 30, 435 crore.
Adani Power operates four transmission lines including plants at Mundra and Dehgam near Ahmedabad. It has
also set up transmission lines from its power station in Tiroda, Maharashtra, to evacuate power to Warora and
Aurangabad. a board meeting scheduled tomorrow. The board is expected mull demerger of transmission line
business. The board of directors meeting will be held on December 28, 2013, inter alia, to consider and approve
demerger of transmission line business of the company and other incidental matters.
Government today infused Rs 700 crore and Rs 400 crore in Dena Bank and Allahabad Bank respectively
through preferential share allotment route. The bank has alloted 11.85 crore shares of Rs 10 each to Government
of India on preferential allotment basis at a price of Rs 59.03 per share,The government has infused a capital of Rs
699.99 crore towards issuance and allotment of equity shares on preferential basis. Post capital infusion, the paidup capital share capital of the bank has increased from Rs 350.05 crore to Rs 468.64 crore and government's
holding in the bank has increased from 55.24 percent to 66.57 percent.
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai

3. Corporate Newsletter
27th December 2013
SWASTIKA INTELLIGENCE GROUP
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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
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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
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai