1. CORPORATE NEWS LETTER
12th January 2014
SWASTIKA INTELLIGENCE GROUP
MARKET COMMENTARY
Trading of CNX Nifty futures on the Singapore stock
exchange indicates that the Nifty could gain 27 points
at the opening bell. India's Index of industrial
production (IIP) declined 2.1% in November 2013,
lagging market expectations. Data was out after
market hours on Friday, 10 January 2014.
IT stocks may fall on weak US jobs data for December
2013. US is the biggest outsourcing market for the
Indian IT firms.
Oriental Bank of Commerce has declared interim
dividend of Rs 4 per share for the year ending 31
March 2014, subject to approval of Government of
India in respect of Section 15(1) of the Banking
Regulation Act, 1949. The bank has fixed 22 January
2014 as the record date for the purpose of payment of
interim dividend. The dividend payment date has been
fixed as 30 January 2014.
India's Index of industrial production (IIP) declined
2.1% in November 2013, recording decline for second
consecutive month after 1.6% dip in October 2013. The
sharp decline in the output of manufacturing sector by
3.5% mainly led to decline in IIP in November 2013.
Meanwhile, the marginal 1% growth in mining sector
output and healthy 6.3% growth in the electricity
generation restricted further dip in industrial
production during November 2013.
Foreign institutional investors (FIIs) bought shares
worth a net Rs 68.16 crore on Friday, 10 January 2014,
as per provisional data from the stock exchanges.
TURNOVER IN CASH (Rs. In Crore)
NSE
BSE
13012.02
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2386.51
INDIAN MARKETS As On Friday, 10th January, 2014
Particulars
BSE SENSEX
Nifty 50
Current Value
20758.49
6171.45
Points
+45.12
+3.10
% Change
+0.22
+0.05
High
20971.23
6239.10
Low
20625.17
6139.60
Previous Close
20713.37
6168.35
WORLD INDICES
US & European Markets As On, Friday, 10th Jan, 2014
Asian Markets As On, Monday, 13th Jan, 2014 at 9:00 A.M
Index
Change
SGX Nifty
6205.50
+25.50
Nikkei 225
CLOSED
Shanghai
2009.12
-4.18
Hang Seng
22821.06
-25.19
Dow Jones
16437.05
-7.71
Nasdaq
4174.66
+18.47
FTSE
6739.94
+48.60
CAC
4250.60
+25.46
DAX
9473.24
+51.63
FII Activity in Derivatives Segment (Rs. in Crore)
SEGMENT
Buy
Sell
Open Interest
INDEX FUTURES 2182.39
2037.20
12828.78
INDEX OPTIONS 15913.61 15498.92
36838.54
STOCK FUTURES 2328.32
2356.71
31658.75
STOCK OPTIONS 2816.77
2935.31
2466.10
Commodities
Crude Oil (Brent)
Comex Gold
Comex Silver
Units
$/bbl
$/oz.
$/oz.
Price
107.12
1251.20
20.26
Change
-0.13
+4.30
+0.03
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2. Company
Infosys
Wipro
Tata Motors
Dr Reddy's Labs
HDFC Bank
Sesa Sterlite
Tata Steel
ICICI Bank
MTNL
Indian ADRs Update
Price ($)
Change
59.50
12.81
30.33
42.66
33.73
12.66
14.68
36.00
0.49
3.35
0.37
0.37
0.42
0.14
0.04
0.00
-0.11
-0.01
Change (%)
5.97
2.97
1.23
0.99
0.42
0.32
0.00
-0.30
-2.00
NEWS UPDATES
Oil ministry notifies new gas pricing formula
-New gas pricing policy to be effective April 1
-Gas pricing policy applies to all natural gas, including shale
-New gas price to be applicable to all consumers uniformly
-New gas pricing norms to apply to PSUs for nominated fields
-To notify domestic gas price every quarter
Oil secretary says
-Mulling options of ONGC , Oil India buying IOC stake
-ONGC, Oil India to buy stake in IOC in lieu of FPO
-Empowered Group of Ministers (EGoM) to decide on IOC stake sale
-EGoM on IOC divestment likely to meet this week
-Not financially viable for GAIL to buy stake in IOC
-Oil India, ONGC to gain from IOC share buy now as price low
Punjab & Sind Bank said
-Meeting of the board of directors of the bank will be held on 16 January 2014
-To consider and declare interim dividend.
Indian Bank said after market hours on Friday, 10 January 2014 that the board of directors of the company at its meeting
held on 10 January 2014, has approved the conversion of 4 crore Perpetual Non-Cumulative Preference Shares (PNCPS) of
Rs 100 each aggregating to Rs 400 crore, held by Government of India, into such number of equity shares in favour of
Government of India. The board has fixed Extra-ordinary General Meeting of the shareholders of the bank on 10 February
2014.
Allahabad Bank has approved and declared an interim dividend of 25% on paid up equity capital of the bank of the face
value of Rs 10 each i.e. Rs. 2.50 per equity share. The dividend payment date for the aforesaid interim dividend will be 30
January 2014.
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Page 2 of 3

3. Designation
E-mail ID
Sonakshi Bahety
Report Prepared by
Research Associate
sonakshi.bahety@swastika.co.in
RESEARCH TEAM
Santosh Sahu
Santosh Meena
Amit Khare
Vishnu Shreekar
Saloni Gupta
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
salony.gupta@swastika.co.in
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