- The market is expected to open higher on positive Asian market trends, with the Nifty predicted to gain 15 points. - IT stocks may gain due to positive US economic data, while PSU OMCs and auto stocks will be in focus after a fuel price hike. - GMR Infrastructure signed an agreement with IFC to jointly develop a $1 billion hydropower project in Nepal.

1. CORPORATE NEWS LETTER
23rd December 2013
SWASTIKA INTELLIGENCE GROUP
MARKET COMMENTARY
The market may open higher on firm Asian stocks.
Trading of CNX Nifty futures on the Singapore stock
exchange indicates that the Nifty could gain 15 points
at the opening bell. Asian stocks rose on Monday after
data showed faster-than-estimated economic growth
in the US and the International Monetary Fund said it's
raising its outlook for the world's largest economy.
INDIAN MARKETS As On Friday, 20th December, 2013
Particulars
BSE SENSEX
Nifty 50
Current Value
21079.72
6274.25
Points
+371.10
+107.60
% Change
+1.79
+1.74
High
21117.99
6284.50
Low
20745.94
6170.35
Previous Close
20708.62
6166.65
IT stocks may gain on positive economic data in US. US
is the biggest outsourcing market for the Indian IT
firms.
L&T announced after market hours on Friday, that L&T
Infrastructure Development Projects (L&TIDPL), a
subsidiary of the company has submitted an
application to the Foreign Investment Promotion
Board (FIPB) seeking approval in relation to a proposed
foreign direct investment in L&TIDPL. The company is
in discussion with a large global institutional investor
for a proposed acquisition of stake in L&T IDPL.
PSU OMCs and auto stocks will be in focus as PSU
OMCs hiked the petrol price on Friday by 41 paise a
litre following the government's decision to raise
commission paid to petrol pump dealers and firming
global oil rates. Simultaneously, diesel rates were
increased by 10 paise per litre due to a hike in dealers'
commission.
Foreign institutional investors (FIIs) bought shares
worth a net Rs 990.19 crore on Friday, 20 December
2013, as per provisional data from the stock
exchanges.
TURNOVER IN CASH (Rs. In Crore)
NSE
BSE
12626.30
Visit us at: www.swastika.co.in
2210.78
WORLD INDICES
US & European Markets As On, Friday, 20th Dec, 2013
Asian Markets As On, Monday, 23rd Dec, 2013 at 9:00 A.M
Index
Last*
Net Change
SGX Nifty
6324.00
+21.00
Nikkei 225
15870.42
+11.20
Shanghai
2095.16
+10.37
Hang Seng
22980.13
+167.95
Dow Jones
16221.14
+42.06
Nasdaq
4104.74
+46.60
FTSE
6606.58
+21.88
CAC
4193.77
+16.74
DAX
9400.18
+64.44
FII Activity in Derivatives Segment (Rs. in Crore)
SEGMENT
Buy
Sell
Open Interest
INDEX FUTURES 3148.21
2800.84
19286.15
INDEX OPTIONS 21675.77 20917.95
58524.33
STOCK FUTURES 9731.87
9497.38
33176.13
STOCK OPTIONS 1402.42
1466.90
1607.16
Commodities
Crude Oil (Brent)
Comex Gold
Comex Silver
Units
$/bbl
$/oz.
$/oz.
Price
111.77
1203.70
19.45
Change
+1.48
+10.10
0.00
Page 1 of 3

2. Company
Wipro
Dr Reddy's Labs
ICICI Bank
Tata Motors
Infosys
Tata Steel
Sesa Sterlite
HDFC Bank
MTNL
Indian ADRs Update
Price ($)
Change
12.49
40.89
36.36
30.35
57.00
14.68
12.89
34.11
0.37
Change (%)
0.35
1.09
0.41
0.31
0.45
0.00
-0.06
-0.18
-0.01
2.88
2.74
1.14
1.03
0.80
0.00
0.46
0.52
2.63
NEWS UPDATES
GMR Infrastructure said that:
-GMR Energy has signed a joint development agreement (JDA) with the International Finance Corporation (IFC), the
private sector lending arm of the World Bank, to jointly develop the prestigious Upper Marsyangdi-2 hydropower project
(600 MW) in Nepal.
-The project aims at a total investment of around $1 billion and is targeted for commissioning by FY 2021.
Zee Entertainment Enterprises said that:
-Bombay High Court has, at the hearing held on Friday, 20 December 2013, approved the Scheme of Arrangement between
the company and its equity shareholders for issuance of bonus preference shares to the company's equity shareholders.
Infosys
-V Balakrishnan, head of Infosys BPO and chairman of Infosys Lodestone, to resign company effective December 31
-Inducts UB Pravin Rao as whole-time director
-Inducts Kiran Mazumdar-Shaw as independent member of board
SEBI issues show cause notice to Financial Technologies
- SEBI issues show cause notice post FMC order on fit & proper
-FMC pronounced Financial Technologies and 3 directors not fit & proper
-SEBI asks Financial Technologies to reply by December 26
- Axis Bank to replace Jindal Steel on S&P BSE Sensex today
- Wipro signs pact with Europe's telecom operator Tele2 AB
-Tyre companies in Focus: Import duty on natural rubber hiked to Rs 30/kg from Rs 20/kg
-Finance ministry directs bank to recover 10 percent on bad loans by fiscal end
-Commerce ministry wants to curb royalty payments to MMC parents
- GSK Pharma open offer opens on February 7, closes on February 21
Visit us at: www.swastika.co.in
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
Disclaimer: This document is solely for the personal information of the intended recipient and must not be exceptionally used as the basi s 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.
Visit us at: www.swastika.co.in
Page 3 of 3