The Indian stock market indices ended higher with the Sensex gaining 1.26% and Nifty rising 1.25% on optimism over economic growth prospects and measures taken by the government and central bank. Key factors such as optimistic comments from the Finance Minister on GDP growth, rupee appreciation, and draft guidelines for real estate investment trusts by SEBI boosted market sentiment. However, analysts remain cautiously optimistic about the market trend in the near term, noting the indices may continue to see range-bound movement.

1. Morning Note
14 Oct 2013
FIRST LIGHT HEADINGS
DATA MATRIX OF LAST SESSION
INDEX
Close
%Chg
Sensex
20529
1.26
Nifty
6096
1.25
Midcap
5871
0.34
Smallcap
5718
make more, for sure.
0.46
VALUE TRADED (Rs Crs)
BSE
%Chg
2134
NSE
12427
18.52
F& O Total
140229
31.69
Total Volume
154790
30.21
MARKET INSIGHT
12.20
NET INFLOWS (Rs Crs)
%Chg
FIIs
1010.5
64.50
DIIs
(544.2)
18.18
FII OPEN INTEREST (Crs)
%Chg
FII Index Futures
13508.78
10.25
FII Index Options
58288.09
-0.22
FII Stock Futures
27689.59
1.87
FII Stock Options
2291.16
3.80
World Indices
%Chg
Dow Jones
15327
1.33
Nasdaq
3792
0.82
FTSE 100
6487
0.89
Commodity
%Chg
Crude (US$/bl)
101.7
-0.97
Gold (US$/oz)
1269.9
-1.68
Top 5 Movers
Close Price
%Chg
999
5.37
ICICIBANK
BANKBARODA
563
4.94
3,278.30
4.82
884.9
4.64
1,157.00
3.52
Close Price
%Chg
COALINDIA
282.1
-4.03
HINDALCO
113.75
-2.82
143.8
-2.77
81.55
624.85
-2.63
-2.3
INFY
LT
HCLTECH
Top 5 Loser
NTPC
TATAPOWER
SUNPHARMA
On Friday 11 Oct 2013, Optimistic statements from Finance Minister P Chidambaram, who
expects economy to grow by 5 to 5.5% in the current financial year on the back of good monsoon,
robust farm output and impact of reform measures undertaken by the government in past one
year, also cheered markets. Additionally, Rupee appreciation to highest level since August 13
after HSBC slashed its USD/INR forecast for the end of the year to 62 from 65 previously, citing
improvements in the current account deficit and measures to attract inflows, also heartened
investors. On the BSE, Banking, Information Technology, Capital Goods and Realty pivotals
garnered most of the attention, while Metal, Power and Health Care stocks were the top
laggards. Rate sensitive Realty stocks also put up a good show after market watchdog Securities
and Exchange Board of India (SEBI) issued draft guidelines to set up Real Estate Investment
Trusts (REITs) in India, which could open up new funding channels for real estate assets in the
country. The market breadth on the BSE ended positive; advances and declining stocks were in
a ratio of 1317: 1149, while 162 scrips remained unchanged. (Provisional)
a high
and a low of 20559.69 and 20368.06 respectively. Among the 30-share Sensex, 20 stocks gained,
while 10 stocks declined. The BSE Mid cap and Small cap indices ended higher by 0.28% and
0.48% respectively. On the BSE Sectoral front, IT up by 3.14%, Bankex up by 2.94%, Capital
Goods up by 2.89%, Teck up by 2.52% and Realty up by 2.42% were the top gainers, while Metal
down by 1.66%, Power down by 1.23%, Health Care down by 1.20%, FMCG down by 1.09% and
Consumer Durables down by 0.75% were the only losers in the space. (Provisional)
from its
previous close of 25.88 on Thursday. The CNX Nifty gained 71.45 points or 1.19% to settle at
6,092.40. The index touched high and low of 6,107.60 and 6,046.40 respectively. Out of the 50
stocks on the Nifty, 27 ended in the green, while 23 ended in the red.
budget
stalemate provided relief to markets. The House Republicans stated that they will offer a sixweek extension to the nation's borrowing limit in exchange for negotiations on spending. Japan
and Hong Kong were both heading into a long weekend with public holidays on Monday. Bank
Indonesia, the central bank, expects lending from commercial banks to slow further this year as
consumers and corporations ease demand on the back of a depreciating rupiah and rising
inflation. Lending growth expanded 22.2 percent in August from a year earlier, marginally
down on July's 22.3 percent.
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MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

2. Morning Note
make more, for sure.
MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC
QUANTITATIVE ANALYSIS: Optimistic sentiments and highest closing of Infosys since April 2011, on account of company's upward revision
of guidance for the 2013-14 fiscal to 9-10% from 6-10% earlier, despite a marginal 1.6% rise in its consolidated net profit to Rs 2,407 crore for the
second quarter ended September 30, 2013, led to the fireworks at Dalal Street ahead of the release of August IIP figures, which is expected to add
up to the positive vibes. Meanwhile, rally of banking shares after Reserve Bank of India allowed lenders to raise funds from global multilateral
institutions until November 30, also added to the upbeat mood for barometer gauges. Nevertheless, the relentless across the board value picking
ensured that the frontline indices settle comfortably above the psychological 6,100 (Nifty) and 20,500 (Sensex) levels. For the upcoming sessions
spot index may continue its range bound journey however 6190-6230 could be the near term resistance zone. Any substantial break out above
this range with decisive volumes may further strengthens the current sentiment and we might se 6360-6390 in a short span of time. On the flip
side any spiral selling below 5860-5830 may attract some bears and we might see 5630-5650 in a short span of time.
Index
Support 2
Support 1
Previous Close
Resistance 1
Resistance 2
Trend
SENSEX
20115
20305
20529
20695
20805
Rangebound
NIFTY
5972
6032
6096
6145
6196
Rangebound
10380
10512
10668
10795
10905
Rangebound
BANK NIFTY
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Mansukh Securities and Finance Ltd
Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar,
New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710,
Email: research@moneysukh.com, Website: www.moneysukh.com
For Private circulation Only
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SEBI Regn No. BSE: INB010985834 / 010985834
NSE: INB 230781431, F&O: INF 230781431,
PMS Regn No. INP000002387
DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000
MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

3. Morning Note
make more, for sure.
NAME
DESIGNATION
E-MAIL
Varun Gupta
Head - Research
varungupta@moneysukh.com
Mohit Taneja
Research Analyst
mohit.t@moneysukh.com
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Please refer to important disclosures at the end of this report
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Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar,
New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710,
Email: research@moneysukh.com, Website: www.moneysukh.com
For Private circulation Only
For Our Clients Only
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NSE: INB 230781431, F&O: INF 230781431,Regn No. INP000002387
DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000
MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293