Morning Note

29 April 2013
make more, for sure.

DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 19287 5871 6275 6024 %Chg -0.62 -0.76 -0.63 -0.54

FIRST LIGHT HEADINGS

Monsoon rainfall during Jun-Sep 2013 expected to be 98% of the long-term average Reliance MediaWorks enters into Multi-Million Dollar Deal with Ethyrea Films GAIL receives Maharatna status Hero MotoCorp reports over 4.86% fall in Q4 net profit Siemens reports 90% fall in Q2 net profit Maruti Suzuki India reports over 94% rise in Q4 standalone net profit Maruti Suzuki gets nod for amalgamation of 7 wholly owned subsidiaries with itself

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2265 11570 82110 95945

%Chg
-7.81 -25.88 -74.10 -71.37

MARKET INSIGHT
On Friday 26 Apr 2013, Indian equity benchmarks snapped the first day of new F&O series on

NET INFLOWS (Rs Crs)

FIIs DIIs 224.8 (377.8)

%Chg
-84.50 -70.24

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 9779.00 40553.73 22544.11 1065.15

%Chg
10.01 2.34 1.87 915.17

disappointing note as investors booked profits in rate-sensitive sectors such as banks, automobiles after four consecutive sessions of gains. Frontline indices ended the session with a cut of over half a percent, declining below their crucial 5,900 (Nifty) and 19,300 (Sensex) levels as investors preferred to remain on the side-lines ahead of the RBI monetary policy meet next week. Markets, after a subdued opening, traded range-bound in absence of any positive trigger on domestic front. In the noon session, markets tried to make some recovery backed by better than expected fourth quarter numbers from Maruti Suzuki. Sentiments also remained dampened as software and technology counters felt selling pressure during the trade on weak economic data in the US, the biggest outsourcing market for the Indian IT firms. Selling in banking stocks too weighed on sentiments. BSE Sensex lost 120.13 points or 0.62% to settle at 19286.72, while the CNX Nifty declined by 44.85 points or 0.76% to end at 5,871.45.The BSE Mid cap index down by 0.64% and Small cap index was down by 0.54%. The top gainers on the BSE Sectoral space were Auto up 0.84% and Capital Goods up 0.29%, while Realty down 2.20%, Oil & Gas down 1.61%, IT down 1.51%, Bankex down 1.39% and Metal down 1.38% were the top losers on the sectoral space. On the Global Front, European markets were trading in red while Asian markets made a mixed ending on Friday, as Japan's Nikkei fell sharply on the back of a pick-up in the yen after the Bank of Japan held off any new measures to boost the economy. Seoul Composite went home with red mark following sharp drop in Samsung despite it reporting growth in net profit . However, Hong Kong markets closed higher, as robust quarterly earnings spurred gains. Meanwhile, expressing confidence that India's economy will get back to its potential growth rate, President Pranab Mukherjee has said that the country would be able to return to the 7 to 8% growth level in the next two to three years on the back of measures taken by the government. Mukherjee said that India's strategy of inclusive economic growth has shown positive results and we have to make economic growth work for the betterment of our people, especially those at the bottom of the socio-economic pyramid. Emphasizing the need for innovation, president said that India lags behind major economies in terms of innovation, while, the country's economic progress will depend on its capability to innovate. Regarding the deteriorating education quality, he said that it is matter of concern that no Indian university is ranked within the top 200 universities in the world. Therefore, there is the need for developing Indian universities to meet global benchmarks by the way of innovative teaching and improving education infrastructure.

World Indices
Dow Jones Nasdaq FTSE 100 14713 3279 6426

%Chg
0.08 -0.33 -0.26

Commodity
Crude (US$/bl)

%Chg
92.8 1453.0 -0.40 -1.25

Gold (US$/oz) Top 5 Movers MARUTI BHARTIARTL BAJAJ-AUTO GAIL HDFC

Close Price
1674 319 1,900.00 350.5 874.80

%Chg
5.22 4.99 3.37 1.77 1.4

Top 5 Loser
HCLTECH JINDALSTEL RELIANCE HINDUNILVR ICICIBANK

Close Price
681.6 313.50 793.7 464.35 1,142.20

%Chg
-5.21 -4.77 -3.17 -2.99 -2.99

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SEBI RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

Morning Note
make more, for sure.

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: The NSE's 50-share broadly followed index Nifty declined by about forty five points to decline below its psychological 5,900 support level, while BSE's Sensitive Index - Sensex declined by about one hundred and twenty points to finish below its psychological 19,300 mark. The broader markets too struggled to get some traction and ended the session with a cut of over half a percent. The market breadth remained in favour of declines as there were 949 shares on the gaining side against 1,356 shares on the losing side, while 136 shares remained unchanged. BSE Sensex touched a high and a low of 19384.95 and 19249.75, respectively while CNX Nifty touched a high and a low of 5,907.05 and 5,860.50 respectively. India VIX, a gauge for markets short term expectation of volatility lost 2.25% at 13.88 from its previous close of 14.20 on Thursday. For the upcoming sessions we believe spot index may continue its upward journey however small corrections near to 5700-5650 could not be rule out at any cost. On the flip side 5980 followed by 6060 could be near term resistance zone. HAPPY TRADING........

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
19095 5740 12385

Support 1
19190 5785 12450

Previous Close
19287 5871 12533

Resistance 1
19380 5910 12600

Resistance 2
19475 5945 12675

Trend
Rangebound Rangebound Rangebound

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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

SEBI RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
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Morning Note
make more, for sure.

NAME
Varun Gupta Pashupati Nath Jha Vikram Singh

DESIGNATION
Head - Research Research Analyst Research Analyst

E-MAIL
varungupta@moneysukh.com pashupatinathjha@moneysukh.com vikram_research@moneysukh.com

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Please refer to important disclosures at the end of this report

For Private circulation Only

For Our Clients Only

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

SEBI RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293