1. CORPORATE NEWS LETTER
10th January 2014
SWASTIKA INTELLIGENCE GROUP
MARKET COMMENTARY
The market is likely to open lower as most Asian stocks
fell. Trading of CNX Nifty futures on the Singapore stock
exchange indicates that the Nifty could fall 22 points at
the opening bell. Industrial production data for
November 2013 to be released after trading hours today,
10 January 2014 will be closely watched. Infosys
announces its Q3 December 2013 results today, 10
January 2014. IndusInd Bank also unveils Q3 earnings
today, 10 January 2014. Asian markets were trading
mostly lower ahead of US jobs data due later in the
global day.
Foreign institutional investors (FIIs) sold shares worth a
net Rs 3.74 crore on Thursday, 9 January 2014, as per
provisional data from the stock exchanges.The US
government will unveil the influential non-farm payroll
report for December 2013 today, 10 January 2014.
The next major trigger for the stock market is Q3
December 2013 corporate earnings. Investors and
analysts will closely watch the management commentary
that would accompany the result to see if there is any
revision in their future earnings forecast of the company
for the current year and/or the next year.
China's exports rose 4.3% in December from a year
earlier, according to reported data, after surging 12.7%
in November. Imports were 8.3% higher than the yearago month, accelerating from 5.3% growth in November.
The resulting trade surplus was $25.6 billion, narrowing
from the previous month's $33.8 billion.
TURNOVER IN CASH (Rs. In Crore)
NSE
BSE
11,433.13
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102.54
INDIAN MARKETS As On Thursday, 9th January, 2014
Particulars
BSE SENSEX
Nifty 50
Current Value
20713.37
6168.35
Points
-16.01
-6.25
% Change
-0.08
-0.10
High
20778.13
6188.05
Low
20652.69
6148.25
Previous Close
20729.38
6174.60
WORLD INDICES
US & European Markets As On, Thursday, 9th Jan, 2014
Asian Markets As On, Friday, 10th Jan, 2014 at 9:30 A.M
Index
Change
SGX Nifty
6,169.00
-20.00
Nikkei 225
15,865.04
-15.29
Shanghai
2,017.61
-10.01
Hang Seng
22,854.31
66.98
Dow Jones
16,444.76
-17.98
Nasdaq
4,156.19
-9.42
FTSE
6,691.34
-30.44
CAC
4,225.14
-35.82
DAX
9,421.61
-76.23
FII Activity in Derivatives Segment (Rs. in Crore)
Rs.
SEGMENT
Buy
Sell
Open Interest
INDEX FUTURES
1212.50
1664.66
13030.51
INDEX OPTIONS
8952.98
9064.18
35345.28
STOCK FUTURES
1672.86
1713.28
31418.30
STOCK OPTIONS
1477.21
1518.12
2270.90
Commodities
Crude Oil (Brent)
Comex Gold
Comex Silver
Units
$/bbl
$/oz.
$/oz.
Price
106.57
1233.90
19.64
Change
+0.18
+4.50
+0.10
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2. Company
Indian ADRs Update
Price ($)
Change
MTNL
Dr Reddy's Labs
Sesa Sterlite
Infosys
Wipro
ICICI Bank
Tata Steel
Tata Motors
HDFC Bank
0.50
42.24
12.62
56.15
12.44
36.11
14.68
29.96
33.59
Change (%)
+0.05
+1.65
+0.44
+0.39
+0.01
+0.02
0.00
-0.14
-0.57
+10.86
+4.07
+3.61
+0.7
+0.08
+0.06
0.00
-0.47
-1.67
NEWS UPDATES
- Novartis said to be in talks with Merck on USD 5 billion swap
-FM to meet steel PSUs today on capex and dividend
- Infosys may demerge Finacle into separate company
- United Spirits considering complete sale on W&M
-SEBI mulls 5 board cap for independent directors, curb on whole time directors too
-Delhi discoms warn of payment crisis if rates aren’t hiked (Maharashtra to mull tariff cut today)
- JSW Steel , JSPL may bid for Stemcor’s India assets
- Jet Airways repays USD 100 million debt from the funds raised by selling 24 percent to Etihad
- GVK Power sell stake in airport holding company very soon
-Keen to bid for Navi Mumbai airport
-May raise up to Rs 2,500 crore via airport holding company stake sale
-To repay debt from airport holding company stake sale
-To clear 330 acre slum area around Mumbai airport
Govt plans to sell 12-13 percent of Axis Bank stake
- Axis Bank stake sale could take place in February
-Cabinet Committee on Economic Affairs (CCEA) approval not required for Axis Bank stake sale.
MCX-SX -Gets SEBI approval to launch interest rate futures segment
-Interest rate futures segment to go ‘Live’ in January.
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3. .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 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.
Report Prepared by
Designation
E-mail ID
Saloni Gupta
Research Associate
salony.gupta@swastika.co.in
RESEARCH TEAM
Santosh Sahu
Santosh Meena
Amit Khare
Vishnu Shreekar
Sonakshi Bahety
SWASTIKA INTELLIGENCE GROUP
Research Head
Derivatives & Technical Analyst
Commodity Analyst
Commodity Analyst
Research Associate
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
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