- Asian stocks fell and Indian markets were expected to open lower according to futures trading, reflecting a lackluster performance on Wall Street the previous day. - Foreign investors purchased Indian stocks worth Rs 79.68 crore the previous day. - Investors and analysts will closely watch third quarter corporate earnings reports and management commentary for revisions to earnings forecasts. Several major companies will report earnings this week. - Minutes from the latest Federal Open Market Committee meeting showed officials viewed the effects of asset purchases as diminishing, and the influential US jobs report will be released the following day.

1. CORPORATE NEWS LETTER
9th January 2014
SWASTIKA INTELLIGENCE GROUP
MARKET COMMENTARY
The market is headed for a lower start as most Asian
stocks fell. Trading of CNX Nifty futures on the Singapore
stock exchange indicates that the Nifty could fall 13.50
points at the opening bell. Asian stocks were trading
mostly lower today, 9 January 2014 after a lacklustre
performance on Wall Street overnight.
Foreign institutional investors (FIIs) bought shares worth
a net Rs 79.68 crore on Wednesday, 8 January 2014, as
per provisional data from the stock exchanges.
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. The Q3
earnings season begins later this week when IT major
Infosys and private sector bank IndusInd Bank unveil
their earnings on Friday, 10 January 2014.
US stocks closed mostly lower on Wednesday, 8 January
2014 after minutes from the last Federal Open Market
Committee meeting showed that a majority of officials
judged the effects of the monthly asset purchases to be
diminishing over time.
The US government will unveil the influential non-farm
payroll report for December 2013 tomorrow, 10 January
2014.
TURNOVER IN CASH (Rs. In Crore)
NSE
BSE
12141.86
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188.27
INDIAN MARKETS As OnWednesday, 8th January, 2014
Particulars
BSE SENSEX
Nifty 50
Current Value
20729.38
6174.60
Points
+36.14
+12.35
% Change
+0.17
+0.20
High
20786.14
6192.10
Low
20688.18
6160.35
Previous Close
20693.24
6162.25
WORLD INDICES
US & European Markets As On, Wednesday, 8th Jan, 2014
Asian Markets As On, Thursday, 9th Jan, 2014 at 9:30 A.M
Index
Change
SGX Nifty
6,194.00
+1.00
Nikkei 225
15,849.65
-271.80
Shanghai
2,051.60
+7.26
Hang Seng
22,971.92
-24.67
Dow Jones
16,462.74
-68.20
Nasdaq
4,165.61
+12.43
FTSE
6,721.78
-33.67
CAC
4,260.96
-1.72
DAX
9,497.84
-8.36
FII Activity in Derivatives Segment (Rs. in Crore)
Rs.
SEGMENT
Buy
Sell
Open Interest
INDEX FUTURES
842.31
1366.54
13323.59
INDEX OPTIONS
7083.99
7243.37
34345.63
STOCK FUTURES
1900.91
1926.94
31531.48
STOCK OPTIONS
937.09
959.44
1948.25
Commodities
Crude Oil (Brent)
Comex Gold
Comex Silver
Units
$/bbl
$/oz.
$/oz.
Price
107.47
1226.40
19.62
Change
+0.32
+0.90
+0.08
Page 1 of 3

2. Company
Sify Tech.
Tata Motors
Dr Reddy's Labs
Rediff.com Indi...
Wipro
ICICI Bank
Tata Steel
Infosys
HDFC Bank
Indian ADRs Update
Price ($)
Change
2.28
30.10
40.59
2.44
12.43
36.09
14.68
55.76
34.16
Change (%)
+0.10
+0.57
+0.67
+0.02
+0.09
+0.17
0.00
-0.33
-0.29
+4.59
+1.93
+1.68
+0.83
+0.73
+0.47
0.00
-0.59
-0.84
NEWS UPDATES
- NHPC in MoU with Kerala government to develop wind power project in Palakkad -Department of Telecommunication
secretary says group of ministers to meet again on BSNL, MTNL revival soon
- Tata Steel gets 0.2 mt rail steel supply order from French company
- Glenmark Pharma shakes up lucrative anti-diabetic market with its generics, prices its drugs
-RBI revises investment valuations norms for regional rural banks,
-Revises norms for non-banking finance companies (NBFCs) lending against gold jewellery with immediate effect -Gold
loan companies loan-to-value ratio hiked to up to 75 percent versus 60 percent -Gold loan NBFCs to have policy to verify
owner of pledged gold.
-Apollo Tyres -Promoters release pledge on 49.5 lakh shares
-Swiss Finance Corporation (Mauritius) sells 42 lakh shares at Rs 107.5/share.
-UPL -Share buyback to begin on Jan 9 &, ends on July 9
-Buy-back of equity shares up to 1.4 crore shares at an offer price of Rs 220 per share.
- ONGC and Coal India to form bulk of Exchange Traded Fund
-ONGC likely to form 25 percent of basket, Coal India to form 17-18
-Discount for retail investors likely in PSU ETF -Government likely to get about Rs 3,000 crore from PSU ETF.
Jubilant Foodworks : RBI says -FII share purchase limit in Jubilant Foodworks reaches trigger limit
-Further purchases of equity shares only allowed after prior RBI approval.
Bankers tell government no demand for IOC issue.
-Bankers tell government not to go ahead with IOC divestment
-IOC deal size to be Rs 4500 crore -Bankers recommend floor price close to market price
-Finance ministry says challenging for IOC stake sale to go through
-Oil ministry opposed to IOC divestment
-IOC stake sale only if FM manages to get oil minister on board.
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Page 2 of 3

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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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