HDFC -Announces new home loan at 10.25 percent for up to Rs 75 lakh -New home loan rates applicable till January 31 CCI slaps penalty of Rs 1 crore on Etihad for violating Sec 43A of Competition Act -CCI says Etihad implemented parts of deal with Jet Airways before CCI nod

1. CORPORATE NEWS LETTER
20th December 2013
SWASTIKA INTELLIGENCE GROUP
MARKET COMMENTARY
The market is likely to open lower on mostly negative
Asian stocks. Trading of CNX Nifty futures on the
Singapore stock exchange indicates that the Nifty could
fall 23 points at the opening bell. Asian shares were
trading mostly lower as investors were reassessing the
Federal Reserve's policy outlook following its decision
this week to start tapering stimulus.
Allahabad Bank said after market hours on Thursday,
that the rating agency, CARE has revised downwards
the rating of the bank's outstanding subordinated debt
lower tier II bonds series V to series IX aggregating Rs
2411.90 crore to CARE AA from CARE AA+.
CARE has revised downwards the rating of bank's
upper tier II bonds series I and II of Rs 1000 crore to
CARE AA- from CARE AA. It has also revised downwards
bank's IPDI series I and II bonds of Rs 300 crore to
CARE AA- from CARE AA.
Foreign institutional investors (FIIs) bought shares
worth a net Rs 2264.11 crore on Thursday, 19
December 2013, as per provisional data from the stock
exchanges.
US stocks on Thursday recovered earlier losses as
investors shrugged off disappointing housing,
manufacturing and employment reports, sending the
Dow Jones Industrial Average to a record closing.
TURNOVER IN CASH (Rs. In Crore)
NSE
BSE
14238.34
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3084.16
INDIAN MARKETS As On Thursday, 19th December, 2013
Particulars
BSE SENSEX
Nifty 50
Current Value
20708.62
6166.65
Points
-151.24
-50.50
% Change
-0.73
-0.81
High
21017.45
6263.75
Low
20646.03
6150.70
Previous Close
20859.86
6217.15
WORLD INDICES
US & European Markets As On, Thursday, 19th Dec, 2013
Asian Markets As On, Friday, 20th Dec, 2013 at 9:00 A.M
Index
Last*
Net Change
SGX Nifty
6163.00
-23.00
Nikkei 225
15779.94
-79.28
Shanghai
2116.75
-11.04
Hang Seng
22838.32
-50.43
Dow Jones
16179.08
+11.11
Nasdaq
4058.14
-11.92
FTSE
6584.70
+92.62
CAC
4177.03
+67.52
DAX
9335.74
+153.99
FII Activity in Derivatives Segment (Rs. in Crore)
SEGMENT
Buy
Sell
Open Interest
INDEX FUTURES 2507.47
3081.78
17937.60
INDEX OPTIONS 24280.46 23662.36
57259.58
STOCK FUTURES 3735.02
3885.60
31396.58
STOCK OPTIONS 1640.24
1709.44
1557.66
Commodities
Crude Oil (Brent)
Comex Gold
Comex Silver
Units
$/bbl
$/oz.
$/oz.
Price
110.00
1194.30
19.21
Change
-0.29
+0.70
+0.02
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2. Company
Wipro
Infosys
Sesa Sterlite
Tata Steel
Tata Motors
Dr Reddy's Labs
MTNL
ICICI Bank
HDFC Bank
Indian ADRs Update
Price ($)
Change
12.14
56.55
12.95
14.68
30.04
39.80
0.38
35.95
34.29
Change (%)
0.18
0.35
0.02
0.00
-0.27
-0.49
-0.01
-1.30
-1.42
1.51
0.62
0.15
0.00
0.89
1.22
2.56
3.49
3.98
NEWS UPDATES
Cabinet
-Okays Reliance Industries (RIL) gas issue subject to company submitting bank guarantee
-RIL can sell gas at new price from April 21, 2014 with riders
-Cabinet rejects finance ministry demand to cap gas prices
SBI reduces home loan interest rates
-Interest rates on home loans up to Rs 75 lakh to be 10.15 percent
-Interest rates on home loans above Rs 75 Lakh to be 10.30 percent
-To offer 5 bps discount on home loans for women
-New interest rates on home loans effective December 20 -Slab for lower interest rates raised from Rs 30 lakh to Rs 75
lakh
IDFC
-Seeks to cut foreign holding limit in company to 49.9 percent from 54 percent
-To cut foreign holding limit to meet RBI bank licence norms
-Foreign holding in company at 51.27 percent as on December 6
-To reinstate 74 percent foreign holding limit if no bank licence given
HDFC
-Announces new home loan at 10.25 percent for up to Rs 75 lakh
-New home loan rates applicable till January 31
CCI slaps penalty of Rs 1 crore on Etihad for violating Sec 43A of Competition Act
-CCI says Etihad implemented parts of deal with Jet Airways before CCI nod
Sugar companies in focus
-Cabinet approves interest free loan to sugar mills
-Cabinet approves Rs 6,600 crore package for sugar mills
-Loans amount to sugar companies seen at Rs 6,000-7,000 crore
-Sugar development fund to bear full interest subsidy
-Domestic road shows for IOC divestment ends today
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Page 2 of 3

3. -NSEL gets Forward Markets Commission (FMC) nod to disburse Rs 11 crore received from Mohan India
-SEBI exempts government from making open offer for Dena Bank
-GMR Infrastructure: Promoter gets pledge released on 2 crore shares
-Muthoot Finance files papers with SEBI to raise Rs 500 crore via NCDs
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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