Morning Note

23 MAY 2013
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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 20062 6094 6493 6109 %Chg -0.25 19.16 -0.82 -0.83

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2065 10796 148553 161414

%Chg
2.94 5.48 -9.89 -8.86

MARKET INSIGHT
On Wednesday 22 May 2013, Shares of the state-owned oil marketing companies such as

NET INFLOWS (Rs Crs)

FIIs DIIs 540.2 (973.2)

%Chg
-20.44 12.37

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 19043.21 61279.72 29442.56 4426.62

%Chg
4.65 -1.89 -0.07 0.35

World Indices
Dow Jones Nasdaq FTSE 100 15307 3463 6840

%Chg
-0.18 -0.94 1.24

Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOC) tanked on new fuel policy concerns. Under the new policy, the finance ministry has proposed shifting the pricing of petrol and diesel from the current trade parity basis to export parity basis, which would help in excluding extra costs like freight and various taxes and duties. Meanwhile, ongoing probe by Director General (Investigation) into the alleged cartelisation of state-owned oil marketing companies (OMCs) for fixing petrol prices also triggered profit-booking in these stocks. Stocks from Capital Goods, Realty and Oil & Gas counters were the major pocket of weakness. Plunge in L&T mainly spelled pessimism for rest of the stocks in the capital goods counter. On the flip side, defensive Fast Moving Consumer Goods (FMCG), Health Care and Technology counters ended in green. Depreciation of Rupee to 6 month low augured well for software companies stocks, which derive major chunk of their revenue in foreign currency. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 874: 1443, while 129 scrips remained unchanged. (Provisional) The BSE Sensex lost 49.37 points or 0.25% to settle at 20062.24.The index touched a high and a low of 20,220.35 and 20,000.86 respectively. Among the 30-share Sensex pack, 14 stocks gained, while rest of 16 declined (Provisional). The BSE Mid cap and Small cap indices ended lower by 0.83% and 0.82% respectively. (Provisional) On the BSE Sectoral front, FMCG up by 0.83%, Health Care up by 0.41%, Teck up by 0.22% and IT up by 0.13%, were the only gainers, while Capital Goods down by 3.67%, Realty down by 3.47%, Oil & Gas down by 0.98%, Power down by 0.69% and Metal down by 0.57%, were the top losers in the space. (Provisional) India VIX, a gauge for markets short term expectation of marginally lost 0.89% at 17.72 from its previous close of 17.88 on Tuesday. The CNX Nifty lost 13.75 points or 0.22% to settle at 6,100.35. The index touched high and low of 6,147.60 and 6,074.45 respectively. 20 stocks advanced against 30 declining and one stock remains unchanged on the index. (Provisional) Asian markets ended mostly higher on Wednesday, on buyers spree amid renewed optimism about the global economy following recent encouraging data from across the globe, ahead of testimony by US Federal Reserve chairman Ben Bernanke on the economic outlook. Japan's Nikkei closed notably higher as the Bank of Japan maintained its plan to expand the monetary base. However, Shanghai Composite went home with red mark as China Resources Power Holdings, a state-owned electricity generator, sank 4.5%, dragging power producers lower.

Commodity
Crude (US$/bl)

%Chg
102.0 1364.5 5.50 -1.66

Gold (US$/oz) Top 5 Movers SUNPHARMA BHARTIARTL NTPC DRREDDY ITC

Close Price
1,002.00 312 155.3 2,054.80 336.35

%Chg
2.88 2.48 1.97 1.68 1.62

Top 5 Loser
LT DLF JPASSOCIAT BPCL BANKBARODA

Close Price
1,508.40 226.6 73.55 389 711.2

%Chg
-6.05 -5.92 -4.23 -3.32 -3.28

Please refer to important disclosures at the end of this report

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Mansukh Securities and Finance Ltd

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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
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: It was another down session of trade at D-Street, where benchmark equity indices took a knock in the last leg of the trade weighed down by disappointing Q4 performance of index heavyweight, Larsen & Turbo (L&T), benchmark 30 share index, Sensex and widely followed index Nifty, lost over quarter of percent, to settle sub 20,100 and 6,100 psychological levels respectively. L&T stocks tanked close to 6% on a worse-than-expected 6.9 percent fall in quarterly profit as interest costs jumped for country's biggest engineering and construction company. For the upcoming sessions we believe spot index may continue its upward journey however 6270-6290 could be the near term targets where we might see some sort of consolidation. Moreover any decisive break out above this range with substantial volumes may further boost the sentiment and we might see 6350-6370 in a short span of time..............

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
19606 6022 12590

Support 1
19805 6062 12760

Previous Close
20062 6094 12955

Resistance 1
20202 6145 13274

Resistance 2
20485 6198 13460

Trend
Rangebound Rangebound Rangebound

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

Morning Note
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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