2013: Issue 394, Week: 28th - 31st October

A Weekly Update from SMC

(For private circulation only)

WISE M ` NEY
A RUPEE
SAVED IS
A RUPEE
EARNED
Brand smc 217

S AV E T O D AY F O R A B E T T E R T O M O R R O W

WORLD SAVINGS DAY

31ST OCTOBER 2013

From The Desk Of Editor

Contents
Equity

4-7

Derivatives

8-9

Commodity

10-13

Currency

14

IPO

15

Fixed Deposit

16

Mutual Fund

17-18

tock markets globally saw some consolidation before U.S. Federal Reserve
Monetary policy review due on 29th and 30th October. It is widely expected
that accommodative stance would remain the same and no tapering of

bond purchases would be done. As a matter of fact, the budget deal just done in
U.S. is understood to have shaven off close to 0.5% of GDP and also has led to rise
in unemployment. Most Asian markets retreated as the dollar continued to
weaken amid expectations that the Fed will not dare to alter its stimulus program
when its Monetary Policy Committee meets next week. The sentiment in the
region also took a beating from fears of a liquidity squeeze in China. The dollar

EDITORIAL STAFF
Editor

Saurabh Jain

Executive Editor

Jagannadham Thunuguntla

weakness may again give birth to another round easing from Europe to Japan as
these economies cannot afford to let their currency appreciate and dent the

+Editorial Team
Dr. R.P. Singh
Vandana Bharti
Sandeep Joon
Vineet Sood
Dhirender Singh Bisht
Parminder Chauhan
Mudit Goyal

Nitin Murarka
Tejas Seth
Dinesh Joshi
Shitij Gandhi
Subhranil Dey
Ajay Lakra

Content Editor
Graphic Designer
Research Executive

Kamla Devi
Pramod Chhimwal
Sonia Bamba

economic recovery that is still at nascent stage.

Indian stock indices made highs but just left a notch short of all time highs. The
risk reversion as a result of delay in bond purchase taper has once again prompted
foreign investors to make a comeback with huge money in Asian markets and
India received a good share of that money. While, on a growth front it is tough to
say that all problems of our economy including current account and fiscal
account crisis have been solved but the gains in the stocks can be attributed to
the huge global liquidity. In the monetary review policy on 29th October, it is

REGISTERED OFFICES:
11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005.
Tel: 91-11-30111000, Fax: 91-11-25754365
MUMBAI OFFICE:
Dheeraj Sagar, 1st Floor, Opp. Goregaon sports Club, Link Road
Malad (West), Mumbai 400064
Tel: 91-22-67341600, Fax: 91-22-28805606
KOLKATA OFFICE:
18,Rabindra Sarani, Poddar Court, Gate No-4, 4th & 5th Floor,
Kolkata-700001
Tel : 91-33-39847000/39801300, Fax No : 91-33-39847004
AHMEDABAD OFFICE :
10/A, 4th Floor, Kalapurnam Building, Near Municipal Market,
C G Road, Ahmedabad-380009, Gujarat
Tel : 91-79-26424801 - 05, 40049801 - 03
CHENNAI OFFICE:
Salzburg Square, Flat No.1, III rd Floor, Door No.107, Harrington Road,
Chetpet, Chennai - 600031.
Tel: 044-39109100, Fax -044- 39109111
SECUNDERABAD OFFICE:
206, 3rd Floor, above CMR Exclusive, Bhuvana Towers, S.D.Road,
Secunderabad - 500003
Tel: 91-40-30780298/99, 39109536
DUBAI OFFICE:
312, Belshalat Building, Al Karama, Dubai, P.O. Box 117210, U.A.E.
Tel: 97143963120, Mobile : 971502612483
Fax : 9714 3963122
Email ID : pankaj@smccomex.com
smcdmcc@gmail.com

widely expected that Reserve Bank of India (RBI) may choose to hike Repo Rate by
25 bps to 7.75% considering high retail inflation measure by consumer price
inflation at 9.84% for the month of September and headline inflation firming up
for consecutive last four months. RBI also may take pause to further reduce the
operational policy rate i.e. Marginal Standing Facility Rate (MSF) currently at 9%.
On the commodities front, they moved on their own fundamentals. Yellow metals
sparked again owing to poor U.S. payrolls data that gave more confidence that
tapering would be delayed. It witnessed the rise of 70% from December 2008 to
June 2011 as the Fed pumped more than $2 trillion into the financial system to
boost the economy. Fall in dollar index couldn't help industrial metals and energy
counter from falling. Crude was in complete bear grip on smooth supply side and
rise in inventory in US. Edible oil may shine more on festive demand. Expiry of
October contract may add more volatility in the base metals segment. Retail
sales of US, unemployment rate of European Union, consumer price index of US
and EU, interest rate decision by US, Newzeland and Japan, PMI of China are
some of the very important dates and events, which can affect the commodities
prices this week.

Printed and Published on behalf of

Mr. Saurabh Jain @ Publication Address
11/6B, Shanti Chamber, Pusa Road, New Delhi-110005
Website: www.smcindiaonline.com
Investor Grievance : smc@smcindiaonline.com
Printed at: S&S MARKETING
102, Mahavirji Complex LSC-3, Rishabh Vihar, New Delhi - 110092 (India)
Ph.: +91-11- 43035012, 43035014, Email: ss@sandsmarketing.in

(Saurabh Jain)

NEWS

TREND SHEET

DOMESTIC NEWS
Pharmaceuticals
Lupin has received final approval for marketing additional strengths of
cholesterol-lowering drug Antara capsules in the American market.
Ranbaxy Laboratories has received Indian drug regulator's approval to
market SynriamTM for treating malaria caused by Plasmodium vivax
parasite.
Unichem Laboratories has received approval from the US health regulator
USFDA for its generic amlodipine besylate tablets used for treating
hypertension and coronary artery disease.
Automobile
Hero MotoCorp, the country's largest two-wheeler maker, will commence
production at its Rajasthan-based green field plant in the final quarter of
this year. The company will invest `550 crore in setting up this plant and a
new Global Parts Centre (GPC) both in Neemrana.
Metal
Tata Steel, Europe's second-largest steel producer, has won a new
contract to supply Britain's Network Rail with more than 95 percent of its
rails for at least five years.
Realty & Infra
DLF has given a contract worth `1,337 crore to L&T Construction for
building its luxury residential project 'The Crest' in Gurgaon.
Capital Goods
Alstom T&D India has won the bid to supply power transformers to
Nabinagar Power Generating Company Limited's super thermal power
project in Bihar. This order, worth approximately `105 crore covers the
design, engineering, manufacture, supply, testing, erection and
commissioning of generator transformers and associated
power
transformers and shunt reactor.
Construction
Sadbhav Engineering has emerged as the lowest bidder (L1) for a project
of Bharat Coking Coal Ltd, a subsidiary of Coal India, with the contract
valued at `263.64 crore.
Pratibha Industries has secured an order worth `321.88 crore from
Rajasthan government for working on water supply projects.
INTERNATIONAL NEWS
US import prices rose by 0.2 percent in September, matching the revised
increase reported for August as well as economist estimates. Export prices
rose by 0.3 percent in September after falling by 0.5 percent in the
previous month. Economists had expected export prices to edge down by
0.1 percent.
US construction spending rose 0.6 percent to a seasonally adjusted annual
rate of $915.1 billion in August from the revised July estimate of $909.4
billion. Economists had expected spending to increase by about 0.4
percent.
US non-farm payroll employment increased by 148,000 jobs in September
compared to economist estimates for an increase of about 180,000 jobs.
US existing home sales fell 1.9 percent to a seasonally adjusted annual
rate of 5.29 million in September from a downwardly revised 5.39 million
in August.
US initial jobless claims dropped to 350,000, a decrease of 12,000 from
the previous week's revised figure of 362,000. Economists had expected
claims to fall to 340,000 from the 358,000 originally reported for the
previous week.
US trade deficit ticked up to $38.8 billion in August from a revised $38.6
billion in July. Economists had expected the deficit to widen to $40.0
billion from the $39.1 billion originally reported for the previous month.
Core consumer prices in Japan climbed 0.7 percent on year in September in line with forecasts and down from 0.8 percent in August. Overall
inflation was up 1.1 percent on year, versus expectations for 0.9 percent,
which would have been unchanged from the previous month.

Stocks

Closing

Trend

Price

Date

Rate

Trend

Trend

S1

R1

S2

R2

Cl.
S/l

Changed Changed
SENSEX

20725

UP

12.09.13

19317 19900

19500

19200

S&P NIFTY

6164

UP

12.09.13

5728

5850

5750

5700

CNX IT

8682

UP

18.07.13

7306

8400

8200

7900

10902

UP

19.09.13

11149 10400

10000

9800
1050

CNX BANK

1154

UP

19.09.13

1098

1100

1080

BHARTIAIRTEL

ACC

350

UP

12.09.13

329

330

320

315

BHEL

140

UP

05.09.13

138

135

130

125

UP

18.07.13

413

420

DOWN 26.09.13

136

CIPLA

420

DLF

159

410
150

400
160

165

HINDALCO

115

UP

29.08.13

107

105

100

98

ICICI BANK

1021

UP

12.09.13

951

970

950

920

INFOSYS

3309

UP

18.07.13

2800

3150

3050

3000

ITC

343

UP

19.09.13

355

340

330

320

L&T

966

UP

19.09.13

888

880

850

830

1514

UP

19.09.13

1480

1440

1410

1380

UP

26.09.13

150

145

DOWN 03.10.13

267

MARUTI
NTPC

143

ONGC

284

140
278

135
285

290

RELIANCE

885

UP

12.09.13

875

850

840

830

TATASTEEL

332

UP

22.08.13

274

310

295

280

*Stock price has been adjusted according to the Bonus ratio 1:2
NOTES:
1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name
of "Morning Mantra ".
2) S1 & S2 indicate first support & second support respectively & R1 & R2 indicate first resistance and second
resistance respectively.
3) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength
coming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and
taking a long-term view and not a short-term view.

FORTHCOMING EVENTS
EX DATE
28-OCT-13
30-OCT-13
31-OCT-13
31-OCT-13
5-NOV-13
6-NOV-13
MEETING DATE
28-OCT-13
28-OCT-13
28-OCT-13
29-OCT-13
29-OCT-13
29-OCT-13
29-OCT-13
30-OCT-13
30-OCT-13
30-OCT-13
30-OCT-13
30-OCT-13
30-OCT-13
31-OCT-13
6-NOV-13
6-NOV-13
6-NOV-13
7-NOV-13
7-NOV-13
7-NOV-13
8-NOV-13
8-NOV-13
8-NOV-13

SYMBOL
HINDZINC
TVSMOTOR
HINDUNILVR
IFCI
DABUR
COLPAL
SYMBOL
SYNDIBANK
MARUTI
DABUR
RANBAXY
MRPL
MARICO
NTPC
SUZLON
LUPIN
JINDALSTEL
BHARTIARTL
GRASIM
DLF
IDFC
ABB
GNFC
ASHOKLEY
TATACOFFEE
CHENNPETRO
AUROPHARMA
PFC
IOC
CHAMBLFERT

PURPOSE
INTERIM DIVIDEND RS.1.60 PER SHARE
INTERIM DIVIDEND
INTERIM DIVIDEND
DIVIDEND RE 1/- PER SHARE
INTERIM DIVIDEND
FIRST INTERIM DIVIDEND
PURPOSE
RESULTS
RESULTS
RESULTS/DIVIDEND
RESULTS
RESULTS
RESULTS/DIVIDEND
RESULTS
RESULTS
RESULTS
RESULTS/OTHERS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS
RESULTS

INDIAN INDICES (% Change)

SECTORAL INDICES (% Change)

2.50

8.00
7.16

2.01
2.00

1.71

1.63

6.00

1.50
1.00

4.00

0.50

0.13
1.69

2.00

0.00

0.76

-0.50

0.38

0.19

0.05

-0.40

0.10

0.00

-1.00

-0.75
Nifty

SMC Trend
Nifty Sensex

Sensex

BSE Midcap

BSE
Smallcap

Nifty Junior

S&P CNX
500

-0.91

-0.99

-1.00
-2.00

-2.71

BSE Midcap

Nifty Junior

BSE Smallcap

S&P CNX 500

-4.00
Auto Index

Bankex

Cap Goods
Index

Cons Durable FMCG Index

Index

Healthcare
Index

IT Index

Metal Index

Oil & Gas

Index

Power Index

Realty Index

GLOBAL INDICES (% Change)

SMC Trend
Auto
Cap Goods
Bank
Cons Durable
Realty

2.00
1.37

1.50
1.00
0.50

FMCG
Healthcare

IT
Metal

Oil & Gas

Power

0.78

0.71

INSTITUTIONAL ACTIVITY (Equity) (` Crore)

0.43

0.38

2000.00

0.00

1723.50
-0.24

-0.50

1500.00

-0.52
-1.00

1001.60
1000.00

-1.50

799.90

-1.34

645.70

-2.00

500.00
-2.16

-2.50
Nasdaq Comp. Dow Jones

S&P 500

Nikkei

Strait Times

Hang Seng

Shanghai
Comp.

FTSE 100

0.00

CAC 40

-162.90
SMC Trend
Nasdaq
Dow jones
S&P 500

-500.00
Nikkei
Strait times

Hang Seng
Shanghai

Up

FTSE 100
CAC 40

Down

Wednesday

Thursday

MF Activity

NSE NIFTY TOP GAINERS & LOSERS (% Change)

12.00

10.57

10.00
8.00

Tuesday

FII Activity

Sideways

BSE SENSEX TOP GAINERS & LOSERS (% Change)

12.00

-391.50
Monday

Friday

-97.80

-217.40

10.73

10.00

7.64

8.87
7.81

8.00

6.00

7.58

7.11

6.00

3.21

4.00

3.12

4.00

1.66

2.00

2.00

0.00

0.00

-2.00

-2.00

-4.00

-3.26

-6.00

-5.75

-8.00

-5.27

-5.27

Sesa Sterlite

Wipro

Jindal Steel

TCS

BHEL

-4.35

-6.00

-7.03
Larsen & GAIL (India) St Bk of India Maruti
Toubro
Suzuki

-4.00

Bajaj Auto

-5.61

-5.28

-5.14

Jindal Steel

TCS

BHEL

-7.02

-8.00
Larsen &
Toubro

IDFC

Bank of
Baroda

GAIL (India) Asian Paints

Wipro

HCL
Technologies

Beat the street - Fundamental Analysis

SOUTH INDIAN BANK LIMITED

CMP: 21.15

Target Price: 30

SOUTH INDIAN BANK LIMITED

Investment Rationale

Bank has added 22 new branches and 42 ATMs in

Face Value (`)
1.00
the quarter ended September 2013 taking the
52 Week High/Low
30.65/18.95
network strength to 775 branches and 878 ATMs,
while it proposes to add 25 branches and 122
M.Cap (` Cr.)
2836.00
ATMs in the second half of FY2014. Bank target
EPS (`)
3.90
network of 800 branches and 1000 ATMs by the
P/E Ratio (times)
5.42
end March 2014.
P/B Ratio (times)
0.99
Business of the bank grew 13% YoY to `75610
crore in the quarter ended September 2013,
Stock Exchange
BSE
showing moderation in growth from 16% growth at
% OF SHARE HOLDING
end June 2013. The advances grew by 12% at
`32132 crore while deposits grew by 13% at
`43478 crore.
Foreign

Bank has reduced bulk deposits sharply from over

33.61
`12000 crore at end March 2013 to `10000 crore at
47.03
Institutions
end June 2013 and `7725 crore at end September
6.83
Non Promoter Corporate
2013. Accordingly, the share of bulk deposits in
12.53
Holding
total deposits has dipped from 28% at end March
Public & Others
2013 to 23% at end June 2013 and 17.8% at end
September 2013.

Net Interest Margin (NIM) of the bank improved 13

` in cr
bps on sequential basis to 3.06% in Q2 of FY2014
Particular
Mar 2013 Mar 2014(E) Mar 2015(E)
from 2.93% in Q1 of FY2014. The steady yield on
advances and lower cost of deposits, helped to
Net total income1,615.76
1,862.01
2,190.70
improve the margins in the quarter ended
Pre-Tax Profit
655.86
745.34
918.42
September 2013. Bank expects to maintain NIM
above 3% in FY2014.
Net Profit
502.27
528.67
634.84

Bank has witnessed further improvement in CASA

EPS
3.99
4.03
4.81
ratio to 21.3% at end September 2013 from 20.6%
at end June 2013 and 20.0% at end September
BVPS
22.46
25.20
29.11
2012.
ROE
20.63
16.77
17.53

The Provision Coverage Ratio (PCR) dipped to

KAJARIA CERAMICS LIMITED

VALUE PARAMETERS
Face Value (`)
52 Week High/Low
M.Cap (` Cr.)
EPS (`)
P/E Ratio (times)
P/B Ratio (times)
Dividend Yield (%)
Stock Exchange

CMP: 239.35

Kajaria Ceramics is the largest manufacturer of

ceramic/vitrified tiles in India. It has an annual

aggregate capacity of 43.60 mn. sq. meters,
distributed across seven plants-Sikandrabad in
Uttar Pradesh, Gailpur in Rajasthan, four plants in
Morbi in Gujarat and one at Vijayawada in Andhra
Pradesh.

Company expects the ceramic tiles business to

grow by 15% CAGR over the next 2 years, while the
polished vitrified tiles (PVT) and GVT to grow at
% OF SHARE HOLDING
CAGR of 20-22%.

The company has approved investment upto 64% of

Foreign
the equity in M/s Kajaria Sanitaryware Pvt Ltd, which
15.11
19.73
is commissioning a plant for production of 7 lacs pcs
Institutions
3.08
p.a. of sanitaryware at Morbi (Gujarat). The plant is
8.58
Non Promoter Corporate
expected to be operational in Q4 FY14.
Holding
53.51

The company has approved conversion/

Promoters
modernisation of Polished Vitrified Tile unit having
Public & Others
capacity of 2 million sqr mtr p.a. into Glazed Vitrified
Tile with a capacity of 3.4 million sqr mtr p.a. at
` in cr
Sikandrabad plant. The conversion/modernisation
is expected to be completed in Q4 FY14.
Particular
Mar 2013 Mar 2014(E) Mar 2015(E)
Revenue
1,587.11
1,905.19
2,193.75

WestBridge Crossover Fund will increase its stake

EBITDA
221.48
275.87
321.16
in the company from 7.8% to 14.6%. The company
will also look to increase its FII holding limit to 40%.
EBIT
183.12
251.45
297.44
The company will receive `150 crore leading to
Pre-Tax Profit
148.03
167.54
186.79
around 8% equity dilution which will primarily be
Net Profit
100.54
111.96
125.15
used for funding capex in FY14-15.
EPS
13.66
15.21
17.00
BVPS
48.49
63.20
80.68

Over the past decade, the company has doubled its

ROE

32.43

28.35

P/E Chart

Target Price: 279

Investment Rationale
2.00
261.40/174.00
1761.62
14.18
16.88
4.94
1.25
BSE

Upside: 43%

53.5% at September 2013 compared to 57.9% a

quarter ago. The PCR was higher compared to
51.2% at end September 2012.

Capital Adequacy ratio under Basel II stood at

13.16% with Tier I of 11.40% at end September
2013 compared with 14.43% with Tier I of 12.32%
at end September 2012.
Valuation
The reduction in bulk deposits and rising share of NRI
and CASA deposits helped bank to improve
cumulative margins. New branch addition would
further help in more business growth going forward.
Moreover the bank does not expect major slippages of
advances to NPA category, while it is planning
aggressive actions targeting for substantial
recoveries in H2FY2014. We expect the stock to see a
price target of `30 in one year time frame on a one
year average P/B of 1.04x and FY15 (E) book value per
share of `29.11.

Upside: 17%

network to 660 dealers and 5,000 smaller subdealers. Today, it has a strong presence in the north,
which contributes 42% to revenues; the south
contributes 29% and the balance comes from the
west and east zones.

Net profit of the company rose 8.1% to `22.99 crore

in the quarter ended June 2013 as against `22.19
crore during the previous quarter ended June 2012.
Sales rose 22.6% to `432.63 crore in the quarter
ended June 2013 as against `352.87 crore during
the previous quarter ended June 2012.
Valuation
The company has leveraged its long standing
presence in the tile market and its strong distribution
network to deliver strong growth in the past few years.
We expect the stock to see a price target of `279 in one
year time frame, based on estimated FY15E EPS of 17
on one year average P/Ex of 16.44.

P/BV Chart

27.13

Above calls are recommended with a time horizon of 1 year.

Source: Company Website

Reuters
Capitaline

EQUITY

HDFC BANK LIMITED

The stock closed at `670.00 on 25th October 2013. It made a 52-week low at `528
on 28th August 2013 and a 52-week high at `727.30 on 30th May 2013. The 200
days Exponential Moving Average (EMA) of the stock on the weekly chart is
currently at `524.16.
It has formed Inverted head and shoulder on the charts and upside is anticipated in
the near term. One can Buy in the range of 660-662 levels with closing below stop
loss of 643 levels for the target of 690-700 levels.

MCLEOD RUSSEL INDIA LIMITED

The stock closed at `282.90 on 25th October 2013. It made a 52-week low at
`237.70 on 22nd August 2013 and a 52-week high at `386.45 on 22nd February
2013. The 200 days Exponential Moving Average (EMA) of the stock on the weekly
chart is currently at `256.96.
It has formed double bottom at lower levels and managed to sustain at higher
levels last week despite weakness in major index on the weekly basis. One can
Buy in the range of 279-280 levels with closing below stop loss of 273 levels for the
target of 295-300 levels.

VOLTAS LIMITED

The stock closed at `84.35 on 25th October 2013. It made a 52-week low at
`62.50 on 04th September 2013 and a 52-week high of `119 on 05th November
2012. The 200 days Exponential Moving Average (EMA) of the stock on the weekly
chart is currently at `113.14.
It has formed higher highs and higher lows at bottom levels, which signifies its
strength. It is anticipated that it may give a sharp spurt in the coming days with
volumes. One can Buy in the range of 83-84 levels with closing below stop loss of
79 levels for the target of 93-95 levels.

Charts by Spider Software India Ltd

Above calls are recommended with a time horizon of 1-2 months

DERIVATIVES
WEEKLY VIEW OF THE MARKET
Last week Nifty was range bound in comparison with the recent past, as Nifty traded in the narrow range of 135 points, with weekly high of 6252 and 6116 as
weekly low. Markets remained stock specific and mid cap and small stocks outperformed the large cap stocks. This range bound movement may get directional
trigger after RBI policy announcement on 29 October. However the 6250 level will remain crucial resistance for bulls, and close above 6250 will lead Nifty to new
high. On the other hand, the index has strong support at 6000 levels. Nifty is expected to remain in the range of 6000-6300 levels this week with slightly negative
bias. The options concentration continues to be at 6000-strike put option with an open interest of above 50 lakhs shares. Among the call options, the 6300-strike
holds the highest open interest of above 55 lakh shares followed by the 6200-strike call with above 50 lakh shares. Above discussed option data indicates put
writing at 6000 strikes and call writing at 6200 and 6300 strike. The put-call ratio of open interest marginally increased closing at 1.50 levels. The Implied
Volatility (IV) of call options closed lower 19.22% while the average IV of put options ended at 20.78%. Nifty VIX is trading flat and it is likely to rise in coming
week. The Nifty index may find intermediate support around 6080 levels and resistance near 6200 levels.

DERIVATIVE STRATEGIES
BULLISH STRATEGY

OPTION
STRATEGY

BEARISH STRATEGY

TITAN
Buy OCT. 250. CALL 4.00
Sell OCT. 260. CALL 1.50

DABUR
Buy OCT. 185. CALL 2.70
Sell OCT. 190. CALL 1.00

M&M
Buy OCT. 860 PUT 8.00
Buy OCT. 840 PUT 3.00

Lot size: 1000

BEP: 252.50
Max. Profit: 7500.00 (7.50*1000)
Max. Loss:
2500.00 ( 2.50*1000)

Lot size: 2000

BEP: 186.70
Max. Profit: 6600.00 (3.30*2000)
Max. Loss:
3400.00 ( 1.70*2000)

Lot size: 250

BEP: 855.00
Max. Profit: 3750.00 (15.00*250)
Max. Loss: 1250.00 (5.00*250)

MCLEODRUSS (OCT FUTURE)

FUTURE
STRATEGY

TATACOMM (OCT FUTURE)

HINDPETRO (OCT FUTURE)

Buy:

Above `284

Sell:

Below `222

Sell:

Below `191

Target:

`289

Target:

`217

Target:

`184

Stop loss: `281

Stop loss: `225

Stop loss: `195

BASIS GAP IN NIFTY

NIFTY TOTAL OPEN INTEREST (in share)

7000000

45

6002500

5744550

6000000

40

5072650
5000000

4722800

4583450

35

4783000

4579050
4109000

4023300

4000000

30

3617550
25

3103700
3000000

2790050

2667400
1527500

2000000

20

2118700
15

1171700
1000000

540500

691750

542650

10

1025700

815600

164500

0
5400

5500

5600

5700

5800

5900
Call

6000

6100

6200

6300

6400

0
09-Oct

Put

10-Oct

11-Oct

14-Oct

15-OCt

17-Oct

18-Oct

21-Oct

22-Oct

23-oCT

FIIs ACTIVITY IN F&O IN LAST TEN SESSIONS

FIIs ACTIVITY IN INDEX FUTURE (F&O) IN LAST WEEK

(Derivative segment) `(Cr)

(Derivative segment)

1000.00

871.39

743.70

24-Oct

SELL
9.0%

692.66

431.60

500.00

0.00
-188.49
-500.00
-693.67
-1000.00

-851.72

-953.45

-881.24

-1500.00
-1591.45
-2000.00
10-Oct

11-Oct

14-Oct

15-Oct

17-Oct

18-OCt

21-Oct

22-Oct

23-Oct

24-Oct

BUY
91.0%

DERIVATIVES
NIFTY ANALYSIS

NIFTY & IV CHART

6300

21

Put Call Ratio Analysis : The Put-Call open interest ratio of Nifty has decreased
to 1.50 from 1.56. At the end of the week, the maximum stocks had a negative of
change in put call open interest ratio.

20
6200
19
6100
18

6000

Implied Volatility Analysis : The Implied Volatility (IV) for Nifty futures this week
has increased to 19.22% from 18.22%. The IV of the stock futures has changed this
week ranging from -21.33% to 12.65%.
Open Interest Analysis : The open interest for the index at the end of this week
has decreased by 8.39% as compared to the previous week. All future stocks saw
changes in their open interest ranging from -21.49% to 8.98%. RANBAXY has the
maximum decrease in open interest as compared to other stocks.

17
18-Oct

21-Oct

22-Oct
Nifty Close

23-Oct

24-Oct

Statistical Analysis
Open
6090.00
Low
6088.25

IV

High
Close

6267.75
6173.80

IMPORTANT INDICATORS OF NIFTY AND OTHER ACTIVE FUTURE CONTRACTS

OPEN INTEREST
SCRIPTS

PREV.
WEEK
7612000

BHARTIARTL

CURRENT
WEEK
6696000

PCR RATIO
%
CHANGE
-12.03

PREV.
WEEK
0.99

CURRENT
WEEK
0.87

IMPLIED VOLATILITY
CHANGE
-0.12

PREV.
WEEK
34.07

CURRENT
WEEK
36.46

CHANGE
2.39

DLF

21469000

20514000

-4.45

0.89

0.93

0.04

65.53

61.11

-4.42

HINDALCO

23312000

23228000

-0.36

0.77

0.75

-0.02

41.32

43.42

2.10

HINDUNILVR

6560500

5644000

-13.97

0.56

0.51

-0.05

28.60

30.80

2.20

ICICIBANK

8692750

8040500

-7.50

0.91

0.72

-0.19

41.90

38.55

-3.35

IDEA

8582000

9294000

8.30

1.04

0.68

-0.36

39.99

41.53

1.54

INFY

2738500

2519000

-8.02

1.45

1.34

-0.11

22.13

20.93

-1.20

ITC

20799000

18992000

-8.69

0.73

0.52

-0.21

31.85

28.29

-3.56

JPASSOCIAT

49816000

48740000

-2.16

1.05

1.07

0.02

62.44

59.87

-2.57

NTPC

10180000

10128000

-0.51

0.49

0.44

-0.05

31.36

27.71

-3.65

ONGC

9757000

9086000

-6.88

0.44

0.48

0.04

34.34

34.93

0.59

RANBAXY

9240500

7255000

-21.49

0.39

0.53

0.14

84.99

63.66

-21.33

27720000

29540000

6.57

0.43

0.38

-0.05

49.09

56.53

7.44

8595000

7705000

-10.35

0.96

0.67

-0.29

25.29

25.49

0.20

18814800

17235350

-8.39

1.56

1.50

-0.06

18.22

19.22

1.00

SAIL

15504000

16896000

8.98

0.91

1.09

0.18

42.97

39.48

-3.49

SBIN

6114000

6060000

-0.88

0.52

0.60

0.08

36.15

42.19

6.04

TATASTEEL

17573000

15127000

-13.92

1.11

1.05

-0.06

44.23

39.53

-4.70

UNITECH

93728000

86952000

-7.23

0.49

0.31

-0.18

60.85

73.50

12.65

RCOM
RELIANCE
NIFTY

SPICES

BULLIONS

Jeera futures (Dec) may slide towards 12400 levels on the back of
favourable sowing conditions in major producing states along with strong
arrivals in Unjha mandi. The total sowing acreage is likely to increase by 1012% in the current year as strong sowing is likely in the areas of Gujarat and
Rajasthan. Chilli futures (Dec) is expected to witness an extended rally
surpassing 6650 levels. Factors such as strong exporters demand along with
possibility of some crop damage in Madhya Pradesh may add to the upside.
It is being reported that heavy rainfall during the last couple of weeks
damaged the chilli crop around 20- 25%. In the current scenario, export
demand is being noticed from Sri Lanka and Bangladesh. The export prices
of chilli Teja quality were also trading higher at $ 223 per tonne at Kandla
port. Turmeric futures (Nov) is expected to trade in the range of 4500-5000
levels, with upside being getting capped. Higher carry forward stocks
available in the domestic market and hopes of higher output this season are
keeping buyers away from fresh buying. The total carryover stocks of
turmeric in major mandies were reported higher at 65 lakh bags as on 11th
October 2013, up almost 11 lakh bags from the last year in the same period.
The downside in Cardamom futures are likely to persist due to ongoing
harvesting season. This season the production is expected around 20,000
tonnes in 201314 year, which may increase till the last picking activity
(March April), if weather condition remain favourable for the capsules.

OIL AND OILSEEDS

Mustard futures (Nov) is likely to test 3800 levels taking positive cues from
the spot markets. The counter in northern Rajasthan state including state
capital Jaipur depicted an upward trend. In Jaipur and Kota, prices spurted
on stockists' buying. Prices also moved up in Alwar, Bharatpur and Kherli
markets on higher demand from upcountry markets. Moreover, the start of
lean season and improved winter seasonal demand for mustard oils will
continue to lend strong support to the counter. Refined soy oil futures (Nov)
will possibly maintain the upside bias, pushed by rally in soybean prices &
rising demand ahead of the Diwali festival. The counter is expected to rise
towards 745 levels. Soybean futures (Nov) might continue to witness a bull
run, seen heading towards 3900 levels. There are reports that excess rains
could reduce the soyabean crop for 2013-14 to around 10.2-10.3 million
tonnes. It is being cited that heavy rains have damaged the crop in Madhya
Pradesh and Maharashtra both in terms of quality and quantity. Worries on
the standing crop in Madhya Pradesh and Gujarat have boosted the
sentiments in last few days. In the international market, U.S soybean prices
may continue to remain stable taking support above 1290 levels. The latest
statistics from U.S Dept. of Agriculture shows that farmers gathered 63% of
soybeans in the main growing areas as of Oct. 20, below the five-year
average. CPO futures (Nov) will possibly move further upside towards 550
levels, pushed by seasonal demand & on optimisms persisting in oilseeds
complex.

OTHER COMMODITIES
Sugar futures are seen to trade with a negative bias pressurized by selling
pressure from the producers. Ample sugar stock with millers and the start
of new season with restricted export opportunity remains unsupportive for
sugar market fundamental. Chana futures (Nov) will perhaps witness a
consolidation in the range of 2970-3150 levels. At the spot market, the
arrivals are outstripping demand, as stockists are releasing their
inventories in the domestic market ahead of sowing progress in the current
Rabi season. Slack demand and buying support have also dragged chana
both in the domestic and export market. Mentha oil futures (Nov) is likely to
trade with a bearish bias & remain below 875 levels. Factors such as strong
carryover stocks in major mandies, sluggish demand by user industries and
comfortable stock position around 45-50 thousand tonnes against the
average annual domestic demand of 32-33 thousand tonnes, may keep a lid
over any short covering. Kapas futures (Apr) will further drop towards 950
levels. The spot markets are noticing remarkable arrivals of new crops.
According to Indian Cotton Federation, Gujarat is expected to top with 125
lakh bales (170 kg each), followed by Maharashtra and Andhra Pradesh with
75 lakh bales each. Meanwhile, the Cotton Association of India (CAI)
estimated that the cotton crop for the season 2013-14, that began this
month, is expected at 381 lakh bales. Guar seed futures (Dec) is expected
to consolidate in the range of 4500-5150 levels. As higher arrivals are round
the corner, stockist and millers are away from fresh buying, as the counter
may fall further.

Bullion counter is expected to remain choppy as investors will eye the

outcome of Oct. 29-30 Federal Open Market Committee meeting to get clue
about winding of stimulus measures. Recently decline in greenback has
supported the prices. On the domestic bourses movement in local currency
will give its direction further which can hover in range of 60-63. Gold may
trade in range of $1300-1430 in COMEX and 30000-32000 in MCX. White
metal silver can hover in range of 48500-52000.Recently the strong demand
from China is making up for some of the slack demand from India. Battling a
huge trade deficit and a weak currency, Indian government has taken
various steps this year to make it harder and more expensive for Indians to
get hold of gold, the biggest item on the country's import bill after oil. But
gold demand in physical market is still present ahead of auspicious occasion
of Diwali. Gold premiums in India have recently soared as consumers
compete to get their hands on a more limited supply. Meanwhile industrial
demand growth for silver continues to be challenged, not only due to
substitution but also due to the volatility of silver prices resulting in
reducing the intensity of use in applications. Supply growth in Silver is
forecasted to outpace industrial and consumer demand growth over the
medium term and cost curve is not expected to provide price support due to
the fact that two thirds of global mine supply is by product.

ENERGY COMPLEX
Crude oil prices may remain subdued as some short covering can be seen and
investors will gauge the outcome of Fed meeting this week. Recently
seasonal maintenance in US has also reduced the oil demand for refineries,
which has capped the upside in crude oil. US refineries fed crude to
distillation units at a rate of 15.3m barrels per day last week, down 148,000
b/d from the previous week and sharply below the furious pace of early
summer. Overall crude oil can move in range of 5800-6250 in MCX and $95102 in NYMEX. U.S. crude oil inventories rose by 5.2 million barrels last
week, the fifth-largest build of the year, with stocks at the Cushing hub
rising for the second week in a row. Natural gas may remain sideways in
range of 210-240. According to EIA, US natural gas inventory increased more
than expectations by 87 billion cubic feet (bcf) which stood at 3.741trillion
cubic feet for the week ending on 18th October 2013. MDA Weather Services
stated that current Midwest temperatures are the lowest since spring. But it
projects that conditions in the next six to 10 days won't be as cold as
previously thought, and hence will reduce demand. The outlook for the next
six to 10 days shows "not a warm map by any stretch for much of the Plains
and upper Midwest. Stronger gas heating demand in the current cold snap
could limit the size of inventory increases in coming weeks as the start of
the heating season draws near.

BASE METALS
Base metals complex may continue to remain sideways with upside bias as
weaker greenback and recovery in China PMI and GDP figures are supporting
the prices. Strong new orders drove the fastest expansion in China's
manufacturing sector in seven months in October. Recently China
Markit/HSBC Purchasing Managers Index (PMI) stood at 50.9 in October,
above September's final reading of 50.2 and marking a seven-month high. In
the first nine months of the year, the $8.5 trillion economy in China grew 7.7
percent from a year earlier, putting it on track to achieve Beijing's 2013
target of 7.5 percent, which would be the weakest growth in 23 years. Red
metal copper can trade in range of 420-455. According to International
Copper Study Group global copper market showed a 151,000 tonne deficit
in July, mostly due to demand for refined copper from China, the world's
leading consumer of the metal. Zinc prices can hover in range of 113-120 in
MCX. Nickel prices can trade in the range of 880-935 in MCX. Nickel metal is
supported by the cues that Indonesia would continue its earlier deadline
i.e. January 1, 2014 for the ban on metal's ore export. Battery metal lead
can move in range of 128-136. Aluminum may trade in a range bound manner
in range of 109-115. Global aluminium production rose by an annualised
454,000 tonnes to 46.93 million tonnes in September, according
International Aluminium Institute (IAI).

10

COMMODITY
TREND SHEET
EXCHANGE CONTRACT

CLOSING
PRICE*

NCDEX

SOYABEAN (NOV)

NCDEX

JEERA (NOV)

DATE TREND

TREND

CHANGED

RATE TREND

S1

R1

S2

R2

CHANGED

3740.50

10.10.13

UP

3681.00

3400.00

12612.50

03.10.13

DOWN

12607.00

14100.00

6074.00

5500.00

841.50

960.00

NCDEX

RED CHILLI (NOV)

6548.00

10.10.13

UP

NCDEX

RM SEEDS (NOV)

3696.00

10.10.13

SIDEWAYS

MCX

MENTHA OIL (NOV)

851.10

10.10.13

DOWN

CLOSING
STOP/LOSS

3200.00

5000.00

3000.00

15000.00

15800.00

4500.00

1020.00

1080.00

MCX

CARDAMOM (NOV)

733.50

28.02.13

DOWN

965.00

800.00

830.00

860.00

MCX

SILVER (DEC)

50107.00

26.09.13

DOWN

48639.00

52000.00

55000.00

58000.00

MCX

GOLD (DEC )

30235.00

26.09.13

DOWN

29865.00

30700.00

31500.00

32000.00

MCX

COPPER (NOV)

446.65

12.09.13

DOWN

459.25

460.00

480.00

490.00

MCX

LEAD (NOV )

134.35

24.10.13

SIDEWAYS

MCX

ZINC (NOV )

118.85

12.09.13

DOWN

118.20

120.00

125.00

128.00

MCX

NICKEL(NOV )

907.10

12.09.13

DOWN

879.20

920.00

950.00

980.00

MCX

ALUMINUM (NOV )

113.70

26.09.13

DOWN

111.65

115.00

120.00

125.00

MCX

CRUDE OIL (NOV)

5996.00

26.09.13

DOWN

6415.00

6300.00

6500.00

6650.00

MCX

NATURAL GAS (NOV )

231.80

17.10.13

SIDEWAYS
Closing as on 24.10.2013

NOTES :

1)
2)
3)
4)

Buy / Sell 25% of Commodity at S1/R1 respectively & rest 75% at S2/R2 respectively.
S1 & S2 indicate first support & second support & R1 & R 2 indicate first resistance & second resistance.
Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we are seeing the graphs on weekly
basis and taking a long-term view and not a short-term view.
These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities.

TECHNICAL RECOMMENDATIONS
GOLD MCX (DECEMBER)
GOLD MCX (DECEMBER) contract closed at `30562.00 on 24th October '13. The contract made its high of
`34975.00 on 28th August '13 and a low of `27282.00 on 7th August '13. The 18-day Exponential Moving
Average of the commodity is currently at `29770.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 58. One can buy in the
range 30300-30200 with the stop loss of `30050 for a target of `30850.

RMSEED NCDEX (DECEMBER)

RMSEED NCDEX (DECEMBER) contract closed at `3765.00 on 24th October '13. The contract made its
high of `3814.00 on 24th October '13 and a low of `3551.00 on 23rd September '13.The 18-day
Exponential Moving Average of the Commodity is currently at `3710.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 64.One can buy in the
range 3750-3730 with the stop loss of `3700 for target of `3850.

SOYABEAN NCDEX (NOVEMBER)

SOYABEAN NCDEX (NOVEMBER) contract closed at `3740.5 on 24th October '13. The contract made its
high of `3824.00 on 24th October '13 and a low of `3390.00 on 21st September '13.The 18-day
Exponential Moving Average of the Commodity is currently at `3612.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 66. One can buy in the
range 3720-3700 with the stop loss of `3675 for a target of`3850.

11

COMMODITY
NEWS DIGEST

WEEKLY COMMENTARY

Global crude steel production rose 6.1 percent in

September 2013 from a year earlier.

Commodities moved more on their own fundamentals in the week gone by. Bullion counter rally
sparked taking support from lower buying together with fall in dollar index, which was two-year
low as against the euro, boosting demand for precious metals as an alternate investment. Gold
edged up after tracking downside in oil also, which is hovering near a four-week high, on hopes
that the Federal Reserve will extend its bullion-friendly stimulus efforts. Jobs data of US was
below expectation in September and this proved bullish for bullion counter but bearish for
industrial metals and energy counter. In MCX, gold closed above the strong level of 30500 while
silver closed up above the level of 50000. Crude prices cooled off to multi week low on rise in
supply side and US oil inventories as well. U.S. crude oil inventories rose by 5.2 million barrels last
week, the fifth-largest build of the year, with stocks at the Cushing hub rising for the second week
in a row, as per EIA. Combination of horizontal drilling and hydraulic fracturing, or fracking, has
unlocked supplies in shale formations in North Dakota, Texas and other states is raising the supply
side in US. Sharp fall in natural gas attributed to mild weather in US, which dampened the demand
for natural gas. Base metals behaved in different way, tracking their own fundamentals'. Nickel
outperformed other metals. It showed magical upside, highest since mid-August amid concern
that ore exports will be halted next year from Indonesia, the top producer. Copper futures fell the
most in 12 weeks after the data showed employers in the U.S. hired fewer workers last month
than estimated by economists.

China will retain a ban on overseas commodity

exchanges setting up warehouses in its country.

India's third biggest gold fund of Reliance will begin

accepting fresh investments again after shutting off
new buy-ins three months ago to support government
efforts to curb bullion demand and control a rising
trade deficit.

Recently shortage of the Gold sent Indian gold

premiums to more than $120 an ounce over London
prices this month when demand far exceeded supply
due to the Dussehra festival.

Indian Jewellery exports rose 16.5 percent on month

in value terms to $653.90 million in September.

According ISMA, India produced 25.1 million tonnes

(mt) of sugar in the crop season ended September 30,
about 4.5% lower than in the previous crop year.

Mixed performance was there in spices complex. Steady to firm sentiment witnessed in red chilli
futures. Turmeric prices saw marginal gain despite higher carry forward stocks available in the
domestic market. Smooth arrivals coupled with higher carryforward stocks attributed to the
selling pressure in jeera futures. Soybeans extended gains and corn climbed on speculation that
demand is improving as U.S. farmers withhold newly harvested supplies. Spot market of guar
traded mixed amid normal trading activities and major buyers are unwilling to buy at current
level. Market is expecting around 40% increase in production over last year. Ample of sugar stock
with millers and the start of new season with restricted export opportunity were remaining
unsupportive for the sugar futures last week.

Spices exports during the April-June 2013 period

dropped 9% at 177,625 tonnes against 195,248 tonnes
in the corresponding period of the last financial year.

Central Bank of India has entered into a

memorandum of understanding with NCDEX Spot
Exchange (NSPOT), the e-market place for farmers.

NCDEX TOP GAINERS & LOSERS (% Change)

MCX TOP GAINERS & LOSERS (% Change)

10.00

5.00
4.39
4.17

8.00

4.00

4.00

7.84

3.54

3.00
2.53

6.00

5.35
2.00

3.98
4.00

3.57

3.48

1.00

0.00

2.00

-1.00

-0.91

0.00
-1.45
-2.00

-2.00
-2.06

-1.96
-3.00

-2.60

-3.07
-3.29

-4.00

-3.79

-4.00

-3.82

-4.82
-5.00

-6.00
RED CHILLI

SOYABEAN

SILVER NEW

GOLD NEW

BARLEY

COTTON 29 MM

CRUDE OIL

KAPAS

CASTOR SEED NEW

NEW STEEL LONG

WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)

COMMODITY

UNIT

BARLEY
CASTOR SEED
CHANA
CHILLI
COTTONSEED OILCAKE
JEERA
MAIZE
RAPE MUSTARD SEED
SOYA BEAN SEEDS
SUGAR M
WHEAT

MT
MT
MT
MT
MT
MT
MT
MT
MT
MT
MT

15.10.13
QTY.

15640
76046
72898
1461
0
2956
1010
27256
0
1699
7454

GOLD M

STEEL RPR

SILVER 1000

NICKEL

GUARSEED

CRUDE OIL

NATURAL GAS

COTTON

MENTHA OIL

CARDAMOM

WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)

23.10.13
QTY.

DIFFERENCE

12512
75933
69000
682
0
2521
2104
26313
0
1878
4599

-3128
-113
-3898
-779
0
-435
1094
-943
0
179
-2855

COMMODITY

UNIT

17.10.13

QTY.
CARDAMOM

24.10.13 DIFFERENCE

QTY.

MT

72.50

74.90

2.40

BALES

0.00

0.00

0.00

GOLD

KGS

155.00

152.00

-3.00

GOLD MINI

KGS

16.70

16.70

0.00

KAPASIA KHALLI

GOLD GUINEA

KGS

13.42

11.10

-2.33

MENTHA OIL

KGS

2606545.15

2608706.75

2161.60

MILD STEEL

MT

584.43

584.43

0.00

KGS

12660.57

13509.80

849.23

SILVER (30 KG Bar)

12

COMMODITY
SPOT PRICES (% change)

COOIT's Trade Estimate for Kharif Oilseed Production during 2013-14 Season

PEPPER MALABAR GAR (KOCHI)

5.14

SILVER (DELHI)

3.89

CHILLI (GUNTUR)

3.85

GOLD KG (MUMBAI)

As per the Ministry of Agriculture, the acreage under oilseeds as on 17th

October, 2013 estimated at 194.94 lakh hectares against 177.66 lakh hectares
last year, up by 17.28 lakh hectares.

3.22

SOYABEAN (INDORE)

2.70

MUSTARD (JAIPUR)

Production of total Nine major Kharif Oilseeds Crop is estimated at 169.05 lakh
tons for the year 2013-14 against last year's 151.83 lakh tons.

2.04

CRUDE PALM OIL (KANDLA)

The Central Organization for Oil Industry & Trade (COOIT) hosted the 51st All India
Convention of Oilseeds, Oil Trade &Industry at Delhi on 19th October, 2013 and
announced the trade estimate of Khariff Oilseeds crop and availability of
vegetable oils from kharif crop during 2013-14 season. The salient features of the
trade estimate are as under:

1.74

REFINED SOYA OIL (INDORE)

1.54

TURMERIC (NIZAMABAD)

1.40

CORIANDER (KOTA)

1.15

MASOOR (INDORE)

0.75

BARLEY (JAIPUR)

0.63

CHANA (DELHI )

0.27

GUR (MUZAFFARNGR.)

-0.26

RAW JUTE (KOLKATA)

-0.42

Oils eeds

2013-14 Kharif season

Groundnut
Soybean
Sunflower
Sesame
Castor
Niger
Toria
Total
Cottonseed
Copra
Grand Total

Area
Lakh
Ha. *
43.20
122.20
2.43
14.93
9.84
2.33
-194.94
----

Crop
Lakh
Tons
47.15
102.30
1.85
3.50
12.05
0.70
1.50
169.05
111.60
7.00
287.65

Yield

1091
837
761
234
1225
300
-867
----

Change as compared
to 2012-13 Kharif season
Area
Crop
Lakh
Lakh
Ha.
Tons
(+) 4.11
(+) 20.95
(+) 15.17
(+) 4.70
(+) 0.36
(+) 0.35
(+) 0.61
(+) 0.10
(-) 1.97
(+) 0.62
(-) 0.29
(-) 0.10
-No change
+) 17.28
(+) 17.22
-(+) 9.30
-(+) 1.00
-(+) 27.52

*Area as per GOI data as on 17th Oct.,2013

JEERA (UNJHA)

-1.22

RUBBER (KOCHI)

Overall oilseeds yield has increased to 867 kgs/ha during current kharif crop
from 855 kgs/ha. last year.

-1.60

CARDAMOM (VANDANMEDU) -3.15

-4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00

DIFFERENCE

Cottonseed production is estimated at 360 lakh bales compared to 330 lakh

bales during 2012-13. Cottonseed production is estimated at 111.60 lakh tons
against 102.30 lakh tons last year and Cottonseed Oil production would be 12.20
lakh tons compared to 11.13 lakh tons last year.

5402650

61750

Groundnut production in 2013-14 kharif season is estimated at 47.15 lakh

tons(in Shells) against 26.20 lakh tons in last year.

WEEKLY STOCK POSITIONS IN LME (IN TONNES)

COMMODITY

ALUMINIUM

STOCK POSITION

STOCK POSITION

17.10.13

24.10.13

5340900

COPPER

502750

489400

-13350

NICKEL

228264

231636

3372

LEAD

233025

232425

-600

ZINC

1060475

1045700

-14775

PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)

COMMODITY

This year soybean production is estimated to be around 107 lakh tonnes as

compared to 113.40 lakh tonnes last year. In the current year, in spite of sizable
increase in area under soybean, the crop is lower than last year due to extensive
damage both in term of quality and quantity due to heavy rain fall during end
September also early October at the time of harvesting.

EXCHANGE CONTRACT 18.10.13

24.10.13 CHANGE%

ALUMINIUM

LME

3 MONTHS

1847.00

1861.00

0.76

COPPER

LME

3 MONTHS

7245.00

7175.00

-0.97
-0.11

LEAD

LME

3 MONTHS

2176.00

2173.50

NICKEL

LME

3 MONTHS 14200.00

14650.00

3.17

ZINC

LME

3 MONTHS

1934.00

1936.00

0.10

GOLD

COMEX

DEC

1314.60

1350.30

2.72

SILVER

COMEX

DEC

21.91

22.82

4.14

LIGHT CRUDE OIL

NYMEX

DEC

101.11

97.11

-3.96

NATURAL GAS

NYMEX

MAR

3.97

3.81

-3.81

The marketable surplus of nine major oilseeds in 2013-14 kharif Season is

estimated at 118.05 lakh tonnes against 114.88 lakh tonnes in last year.
Rice Bran Oil production estimated at 930,000 tons during 2013-14 compared to
900,000 ton during 2012-13.
Local Palm Oil production is estimated at 110,000 tons for the current year
against last year 80,000 tons.
Maize oil production is increasing in the country and estimated at 50,000 tons
for the current year.
The Vegetable Oil available from kharif oilseeds crop and the secondary sources
are estimated at 58.03 lakh tonnes compared to last year's 52.65 lakh tonnes i.e
up by 5.38 lakh tonnes.

INTERNATIONAL COMMODITY PRICES

COMMODITY EXCHANGE CONTRACT

UNIT

18.10.13 24.10.13 CHANGE(%)

Soya

CBOT

NOV

Cent per Bushel

1291.25

1309.75

1.43

Maize

CBOT

DEC

Cent per Bushel

441.50

440.25

-0.28

CPO

BMD

JAN

MYR per MT

2401.00

2464.00

2.62

Sugar

LIFFE

DEC

10 cents per MT

513.80

502.30

-2.24

13

CURRENCY
Currency Table
Currency Pair

News Flows of last week

Open

High

Low

Close

USD/INR

61.36

61.94

61.16

61.48

EUR/INR

83.95

85.04

83.95

84.86

GBP/INR

99.36

100.01

99.22

99.35

JPY/INR

62.76

63.54

62.57

63.16

(Source: FX Central, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)

22nd Oct:

U.S. construction spending hit a near 4-1/2 year high in August

24th Oct:

British factory orders unexpectedly weakened this month

24th Oct:

The British public's expectations for future inflation have surged to

their highest level in two years

24th Oct:

The U.S. trade deficit widened slightly in August as exports slipped

24th Oct:

U.S factory output contracted for the first time since late 2009

24th Oct:

U.S. manufacturing grew at its slowest pace in a year this month

24th Oct:

The number of Americans filing new claims for unemployment

benefits fell less than expected last week

Economic gauge for the next week

Market Stance
In the week gone by, Indian rupee remained sidelined on the back of mixed
sentiments prevailing in market. Losses were remained capped due to strong
equity markets and dollar weakness over the globe. Foreign funds extend buying
in local stocks for a 15th session, being provisional buyers of $161.5 million on
Thursday, exchange data showed. The dollar set a fresh two-year low versus the
euro last week, pressured by strengthened expectations that the US Federal
Reserve will maintain its asset purchases through early next year. The dollar also
set a fresh 8-1/2-month low versus a basket of currencies and slipped to a twoweek low against the yen. However, in spite of dollar weakness over the globe,
rupee couldn't manage to retain gains amid hefty fresh demand for the American
currency from banks and importers.

Date
Currency Event
PREVIOUS
29th Oct
USD
Advance Retail Sales
0.20%
29th Oct
USD
Consumer Confidence
79.7
30th Oct
EUR
German Unemployment Change
25K
30th Oct
EUR
German Unemployment Rate s.a.
6.90%
30th Oct
USD
Consumer Price Index Ex Food & Energy (YoY)
1.80%
30th Oct
USD
Consumer Price Index (YoY)
1.50%
30th Oct
EUR
German Consumer Price Index (YoY)
1.40%
30th Oct
EUR
German Consumer Price Index - EU Harmonised (YoY)
1.60%
30th Oct
USD
Federal Open Market Committee Rate Decision
0.30%
30th Oct
USD
Fed Pace of MBS Purchases
$40
30th Oct
USD
Fed Pace of Treasury Purchases
$45
31st Oct
JPY
Bank of Japan Rate Decision
31st Oct
EUR
Euro-Zone Consumer Price Index Estimate (YoY) 1.10%
31st Oct
EUR
Euro-Zone Consumer Price Index - Core (YoY)
1.00%
01st Nov
USD
ISM Manufacturing
56.2

USD/INR

EUR/INR

USD/INR (OCT) contract closed at `61.48 on 24th October'13. The contract made
its high of `61.94 on 22nd October'13 and a low of `61.16 on 23rd October'13
(Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is
currently at `61.78.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of
41.55. One can sell below 61.30 for a target of 60.00 with the stop loss of 61.85

EUR/INR (OCT) contract closed at `84.86 on 24th October'13. The contract made
its high of `85.04 on 24th October'13 and a low of `83.95 on 21st October'13
(Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is
currently at `84.36

Technical Recommendation

GBP/INR

GBP/INR (OCT) contract closed at `99.35 on 24th October'13. The contract made
its high of `100.01 on 23rd October'13 and a low of `99.22 on 24th October'13
(Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is
currently at `99.46.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 49.80.
One can sell below 98.80 for a target of 97.50 with the stop loss of 99.50

On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 55.47.
One can buy around 84.10 for a target of 85.25 with the stop loss of 83.45

JPY/INR

JPY/INR (OCT) contract closed at `63.16 on 24th October'13. The contract made
its high of `63.54 on 23rdOctober'13 and a low of `62.57 on 23rd ctober'13 (Weekly
Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at
`63.16.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 48.60.
One can sell below 62.65 for a target of 61.25 with the stop loss of `63.25.

14

IPO
INDIAN IPO NEWS
Power Grid Corporation FPO anytime next month; government may raise `1,900 crore
State-run transmission utility Power Grid Corporation expects to launch FPO anytime next month. According to the company, the government could get
about `1,900 crore from the process, while the company will garner about `6,000 crore from the sale of fresh equities. The company plans to sell 17 per
cent equity, through the FPO route, out of which the government share will be around 4 per cent and the rest 13 per cent will be fresh issue of equity
shares to the extent of 13 per cent of the pre-issue equity capital worth around `6,000 crore. The Navratna company has proposed to issue fresh 60.18
crore shares, or 13 per cent of the current equity base, through the FPO, while the government proposes to dilute its 18.51 crore shares or 4 per cent
stake out of its current 69.42 per cent holding, as part of its `44,000 crore divestment programme, out of which it could so far raise a little over `1,100
crore. After the FPO, the government stake in the company will reduce to 57.89 per cent. ICICI Securities, SBI Capital, Citi, UBS and Kotak Securities are
managing the sale.
Coal India's follow on public offer to wait till new directors come on board
Coal India's follow on public offer for a 5% stake sale will have to wait till the government has appointed seven independent directors on its board, who
have retired this year and their positions are yet to be filled up. The government has planned the public offer by the second week of December and has
just started road shows. Alok Perti, former coal secretary, SK Roongta, former SAIL chairman, Kamal R Gupta and Dr RN Trivedi are to be appointed as
independent directors on the board. AK Rath retired on April 26, 2013, while SK Baruah, Dr Sheela Bhide and Kamal R Gupta completed their tenure on
August 3, 2013. AK Rath, Mohd Anis Ansari and Sachi Chaudhuri completed their tenure on August 2 this year.
India Inc garners `1,050 cr via IPOs in H1 of FY'14
India Inc mopped up a total Rs 1,050 crore through initial public offers (IPOs) in the first half of 2013-14, sharply up by 36 per cent over the same period
of the last fiscal. According to Prime Database, leading database on primary capital market, 16 firms collectively raised Rs 1,050 crore via IPO route in
the six months ended September 30, 2013. In the first half of 2012-13, as many as 13 companies had raked in 772 crore capital through IPOs.
Interestingly, of the 16 IPOs, which hit the capital market in the first half of the current fiscal, 15 were from the Small and Medium Enterprise (SME)
sector. There was only one non-SME IPO, (Just Dial that garnered `919 crore), which accounted for 87 per cent of the total mobilisation. Among sectors,
information technology space dominated with three firms mopping up `1,927 crore, which is 29 per cent of the total amount garnered.
Real Estate Investment Trusts (REITs) face tax clouds, regulatory hurdles
Real Estate Investment Trusts (REITs) could transform the fragmented real estate stratosphere in India. Investors who put money in listed units of REITs
could get both a stabilized return on their investments, and appreciation in market value of assets in a regulated transparent environment. In its
draft regulations relating to REITs, market regulator Sebi has broadly applied a framework similar to that of an initial public offer (IPO), requiring listing
of units issued by REITs. The regulator has also prescribed various norms, including those related to minimum offer size, public float, and size of assets.

IPO TRACKER
Company

Sector

Just Dial
Repco Home Fin
V-Mart Retail
Bharti Infra.
PC Jeweller
CARE
Tara Jewels
VKS Projects
Speciality Rest.
TBZ
MT Educare
NBCC
Olympic card.
Multi Comm. Exc.
Indo Thai Sec.
Vaswani Inds.
Flexituff Intl.
Prakash Constro.
PG Electro.

M.Cap(In Cr.)

Service provider 7430.55

Finance
1778.40
Trading
410.66
Telecom
29863.51
Jewellary
1744.43
Rating Agency
1731.16
Jewellary
217.39
Engineering
165.06
Restaurants
581.60
Jewellary
931.13
Miscellaneous
381.89
Construction
1522.20
Media
47.54
Exchange
2399.04
Finance
11.70
Steel
7.51
Packaging
503.15
Construction
9.68
Consumer Durables
250.33

Issue Size(in Cr.)

950.11
270.39
123.00
4533.60
609.30
540.00
179.50
55.00
181.96
210.00
99.00
124.97
24.75
663.31
29.60
49.00
104.63
60.00
120.65

List Date

Issue Price

List Price

Last Price*

%Gain/Loss(from
Issue price)

5-Jun-13
1-Apr-13
20-Feb-13
28-Dec-12
27-Dec-12
26-Dec-12
6-Dec-12
18-Jul-12
30-May-12
9-May-12
12-Apr-12
12-Apr-12
28-Mar-12
9-Mar-12
2-Nov-11
24-Oct-11
19-Oct-11
4-Oct-11
26-Sep-11

530.00
172.00
210.00
220.00
135.00
750.00
230.00
55.00
150.00
120.00
80.00
106.00
30.00
1032.00
74.00
49.00
155.00
138.00
210.00

590.00
165.00
216.00
200.00
135.50
949.00
242.00
55.80
153.00
115.00
86.05
100.00
29.95
1387.00
75.00
33.45
155.00
145.00
200.00

1060.75
286.10
228.65
158.10
97.40
596.95
88.30
2.62
123.85
139.60
96.00
126.85
29.15
470.40
11.70
2.62
218.95
0.77
152.55

100.14
66.34
8.88
-28.14
-27.85
-20.41
-61.61
-95.24
-17.43
16.33
20.00
19.67
-2.83
-54.42
-84.19
-94.65
41.26
-99.44
-27.36

*Closing prices as on 24-10-2013

15

FIXED DEPOSIT MONITOR

MANUFACTURING COMPANIES
RATE OF INTEREST ( %) p.a
S.NO

MANUFACTURING (COMPANY NAME)

ANSAL PROPERTIES & INFRA LTD.

ANSAL HOUSING & CONSTRUCTION LTD.

6M

12M

PERIOD
18M
24M

REMARKS

MIN. INVESTMENT

36M

12.00

12.25

12.50

50000/-

10.00

11.00

11.00

11.50

A&C-20000,B-10000
25000/-

ABC INDIA LTD

11.50

12.00

12.50

DARCL LOGISTICS LTD.

11.00

11.00

11.00

0.50% FOR SR. CITIZEN

GATI LTD

10.00

10.50

11.00

0.50% EXTRA FOR SR. CITIZEN & EMPLOYEE.

RATE AS PER QUARTERLY OPTION

5000/21000/-

IVRCL LTD

12.00

12.25

12.50

25000/-

J K LAKSHMI CEMENT LTD

9.00

9.25

9.50

25000/-

J K TYRE & INDUSTRIES LTD

9.00

9.25

9.50

25000/-

J K PAPER LTD

8.50

9.00

9.50

25000/-

10

JAIPRAKASH ASSOCIATES LTD.

11.00

11.50

11.75

12.00

20000/-

11

JAPYEE INFRATECH LTD.

11.00

11.50

11.75

12.00

20000/-

12

JSL STAINLESS LTD.

9.75

10.00

10.25

0.50% EXTRA FOR SR. CITIZEN & 0.25 EXTRA FOR

EMP & SHAREHOLDERS(500)

21000/-

13

OMAXE LTD

14

PRATIBHA INDUSRIES LTD

11.50

12.00

12.25

12.50

25000/-

11.50

12.00

12.25

0.25% FOR SR. CITIZEN

20000/-

15

PRISM CEMENT

10.25

10.25

10.25

10000/-

16

SRS REAL INFRASTRUCTURE LTD.

12.00

12.25

12.50

20000/-

17

SRS LTD.

12.00

12.25

12.50

20000/-

18

SURYA ROSHINI LTD

10.00

11.00

11.50

ACCEPT ONLY CUMULATIVE SCHEME

30000/-

19

SUMEET INDUSTRIES LTD

12.00

12.25

12.50

20000/-

20

TALBROS AUTOMOTIVE COMPONENTS LTD

9.50

10.25

11.00

10000/-

21

UNITED SPIRITS LTD (UB GROUP)

22

UNITECH LTD

11.00

11.50

25000/-

11.50

11.50

12.00

12.50

25000/-

NON BANKING FINANCIAL COMPANIES

S.NO
1

(NBFC COMPANY -NAME)

12M

DEWAN HOUSING FINANCE CORPORATION LTD

18M

24M

PERIOD
36M
45M

13M=10.50%

48M

14M=10.50%

60M

84M

40M=10.50%

0.50% EXTRA FOR SR. CITIZEN,WIDOW,

ARMED, PERSONNEL, EXISTING DHFL HOME
BORROWERS & DHFL SHARE HOLDERS, FOR
13M=0.25% EXTRA FOR DEPOSIT 1 CR AND
ABOVE, 14M=0.25% EXTRA ON 25LAC & ABOVE

(FOR TRUST ONLY)

DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY)

10.00

10.00

10.00 -

10.00

10.00

GRUH FINANCE LTD.

9.00

9.25

9.50 -

9.50

9.25

9.25

HDFC (INDIVIDUAL & TRUST ) - REGULAR <1 CR

9.25

9.25

9.25 -

9.00

9.00

9.75(15M) 9.60(22M)

HDFC PLATINUM SCHEME

HUDCO LTD.

9.15

8.85

8.90 -

8.75

8.75

8.25

LIC HOUSING FINANCE LTD.

9.00

9.00

9.25

9.40 -

9.60

9.25

9.75

10.00

10.25 -

9.75

9.75

9.30

9.30 -

9.20

9.20

9.15

10.75

10.75

MAHINDRA & MAHINDRA FINANCE

PNB HOUSING FINANCE LTD.

10

PNB HOUSING FINANCE LTD.-SILVER JUBILEE SCHEME

9.65

11

SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME

9.25

9.75

12

SHRIRAM TRANSPORT-SUBHIKSHA SCHEME

9.50(33M)

0.50% FOR SR. CITIZEN, WIDOW, ARMED

PERSONNEL, EXISTING DHFL HOME
BORROWERS & DHFL SHARE HOLDERS,
0.25% FOR DEPOSIT RS.25LAC & ABOVE
0.25% FOR SR. CITIZEN & TRUST
0.25% FOR SENIOR CITIZEN.

10.75 -

11.30(61M)

MIN.
INVESTMENT

REMARKS

10,000/-

1000/20,000/20,000/-

11.30(78M)

0.25% FOR SR. CITIZEN

0.25% FOR SR. CITIZEN IF APP ABOVE
RS. 50,000/- & 0.10% IF APP UPTO RS. 50,000/0.25% EXTRA FOR SR. CITIZEN

10000/10000/-

0.25% FOR SR. CITIZEN

FIXED 20000/CUMULATIVE 10,000/-

FIXED 20000/CUMULATIVE 10,000/-

0.25% EXTRA FOR SR. CITIZEN

25000/-

0.25% EXTRA FOR SR. CITIZEN

10000/-

ONLY FOR RENEWAL

RATE OF INTEREST ( %) p.a
S.NO

MANUFACTURING (COMPANY NAME)

6M

12M

PERIOD
18M
24M

REMARKS

MIN. INVESTMENT

36M

BOMBAY DYIENG & MANUF LTD

10.50

0.50% FOR SR. CITIZEN, EMP. & SHAREHOLDERS

20000/-

GODREJ PROPERTIES LTD

8.50

9.00

9.50

ONLY NON-CUMULATIVE SCHEME

10000/-

HELIOS & MATHESON INFORMATION TECHNOLOGY LTD

JAGATJIT INDUSTRIES LTD

NETWORK18 MEDIA

12.00

12.00

12.00

25000/-

10.00

10.50

11.00

11.50

50000/-

11.00

0.50% EXTRA FOR SR. CITIZEN

10000/-

Interest structure may be revised by company from time to time. Pls confirm Interest rates before submitting the application.
* For Application Greater Than Rs. Fifty Lakhs Or equal to Fifty Lakhs, Please Contact to Head Office.
* Email us at fd@smcindiaonline.com

16

MUTUAL FUND
NEWS
Deutsche MF introduces Fixed Maturity Plan- Series 41(DFMP-41)
Deutsche Mutual Fund has launched the New Fund Offer (NFO) of DWS Fixed Maturity Plan- Series 41(DFMP-41), a Close Ended income scheme. The NFO opens for
subscription on October 25, 2013, and closes on October 30, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount
is `5,000 and in multiples of `10 thereafter. The investment objective of the scheme is to generate income by investing in debt andmoney market instruments
maturing on or before the date of the maturity of the Scheme
Birla Sun Life MF introduces Fixed Term Plan - Series IU (527 days)
Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Fixed Term Plan - Series IU (527 days), a Close Ended income scheme. The NFO
opens for subscription on October 25, 2013, and closes on October 31, 2013. The investment objective of the scheme is to generate income by investing in a
portfolio of fixed income securities maturing on or before the duration of the scheme.
Birla Sun Life MF introduces Fixed Term Plan - Series IT (367 days)
Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Fixed Term Plan -Series IT (367 days), a Close Ended income scheme. The NFO
opens for subscription on October 25, 2013, and closes on October 28, 2013. The investment objective of the scheme is to generate income by investing in a
portfolio of fixed income securities maturing on or before the duration of the scheme.
Deutsche Mutual Fund files offer document for DWS Medium Term Income Fund ("DMTIF")
Deutsche Mutual Fund has filed offer document with SEBI to launch an Open ended debt Scheme named as "DWS Medium Term Income Fund ("DMTIF")". The New
Fund Offer price is `10 per unit. The investment objective of the scheme is to generate income and capital appreciation by investing in a portfolio of high quality
debt securities.
Birla Sun Life Mutual Fund files offer document for Birla Sun Life Fixed Term Plan
Birla Sun Life Mutual Fund has filed offer document with SEBI to launch a Close ended Income Scheme named as "Birla Sun Life Fixed Term Plan-Series JB to Series
KE". The New Fund Offer price is `10 per unit. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities
maturing on or before the duration of the scheme.
Union KBC Mutual Fund files offer document for Union KBC Capital Protection Oriented Fund
Union KBC Mutual Fund has filed offer document with SEBI to launch a Close-ended Capital Protection Oriented Scheme named as Union KBC Capital Protection
Oriented Fund -Series 4 & 5. The New Fund Offer price is `10 per unit. The investment objective of the scheme is to seek capital protection on maturity by
investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related
instruments.
ICICI Prudential MF introduces Fixed Maturity Plan-Series 70-1285 Days Plan T
ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Fixed Maturity Plan-Series 70-1285 Days Plan T, a Close Ended income
scheme. The NFO opens for subscription on Oct 22, 2013, and closes on Oct 31, 2013. No entry load or exit load will be applicable for the scheme. The minimum
subscription amount is Rs. 5,000. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/debt
instruments maturing on or before the maturity of the Scheme. However, there can be no assurance that the investment objective of the Scheme will be realized.
Pramerica Mutual Fund files offer document for Pramerica Overnight Fund
Pramerica Mutual Fund has filed offer document with SEBI to launch an Open Ended Liquid Fund scheme named as Pramerica Overnight Fund . The New Fund
Offer price will be `1000 per unit. The investment objective of the scheme is to provide liquidity to the investors while mirroring overnight returns.

NFOs WATCH
Fund Name

NFO
Opens on

NFO
Closes on

Scheme Objective

Fund Type

Fund Class

Fund Manager

Minimum
Amount

15-Oct-2013

29-Oct-2013

To seek capital protection by investing in Close-Ended Growth

fixed income securities maturing on or before
the tenure of the scheme and seeking capital
appreciation by investing in equity and
equity related instruments.

Prasad Dhonde
/ Vineet Maloo

`5000/-

DSP BlackRock Dual

17-Oct-2013
Advantage Fund Series 19 (36M) Direct
Plan (G)

30-Oct-2013

To generate returns and seek capital Close-Ended Growth

appreciation by investing in a portfolio of
debt and money market securities. The
scheme also seeks to invest a portion of the
portfolio in equity & equity related securities
to achieve capital appreciation. As far as
investments in debt and money market
securities are concerned, the Schemes will
invest only in securities which mature on or
before the date of maturity of the Schemes.

Dhawal Dalal /
Vinit Sambre

`5000/-

HDFC Capital
Protection Oriented
Fund - Sr I (36 Mths)
Oct 13 - Regular (G)

31-Oct-2013

To generate returns by investing in a portfolio Close-Ended Growth

of debt and money market securities which
mature on or before the date of maturity of
the Scheme. The Scheme also seeks to invest
a portion of the portfolio in equity and equity
related securities to achieve capital
appreciation

Anil Bamboli /
Vinay R.
Kulkarni /
Rakesh Vyas

`5000/-

Birla Sun Life Capital

Protection Oriented
Fund - Series 16 Regular (G)

17-Oct-2013

17

MUTUAL FUND

Performance Charts

EQUITY (Diversified)

Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns

Returns (%)
Scheme Name
Axis Equity Fund - Growth
BNP Paribas Equity Fund - Growth

NAV

Launch

AUM

3M

(`)

Date

(` Cr.)

13.19

05-Jan-2010

563.06

3.21

6M

1Y

Risk
3Y

Since

Std.Dev Beta

Market Cap (%)

Jenson

LARGE

MID

SMALL

CAP

CAP

CAP

OTHER

1.9661

12.2182

Launch
4.82

14.85

3.03

7.55

2.11

0.84

0.07

73.6631 12.1527

DEBT &

42.2

23-Sep-2004

127.71

5.18

9.47

14.76

4.99

17.16

3.02

0.81

-0.04

79.4028 12.2143

--

8.383

125.83

31-Oct-2002

3398.03 11.63

13.44

13.45

4.41

25.92

2.82

0.76

0.07

61.9501 19.7251

2.8796

15.4452

Tata Ethical Fund - Plan A - Growth

79.95

24-May-1996

108.2

4.13

12.2

12.56

4.17

16.44

3.28

0.84

-0.01

68.2932 22.9875

--

8.7193

ICICI Prudential Top 100 Fund - Growth

163.45

09-Jul-1998

379.06

9.16

10.81

12.35

4.51

20.03

3.11

0.86

0.05

83.4272

--

11.3801

ICICI Prudential Focused Bluechip Equity Fund - Ret- G

19.65

23-May-2008

4397.33

6.22

9.12

12.12

4.2

13.26

3.01

0.86

0.17

89.329

3.3371

2.7098

4.6242

Birla Sun Life India GenNext Fund - G

32.67

05-Aug-2005

168.76

2.29

5.77

12.08

7.61

15.48

2.88

0.72

0.06

56.6467

36.823

2.7724

3.758

NAV
(`)

Launch
Date

AUM
(` Cr.)

3M

6M

1Y

Since
Launch

Std.Dev

ICICI Prudential Balanced - Growth

58.25

03-Nov-1999

535.01

4.69

5.90

10.44

7.03

13.43

2.39

0.03

50.32

15.74

2.67

31.27

SBI Magnum Balanced Fund - Growth

58.19

09-Oct-1995

398.12

2.85

4.53

8.93

2.14

15.43

2.54

0.03

29.34

30.84

8.98

30.85

ICICI Prudential Dynamic Plan - Growth

5.1927

BALANCED
Returns (%)
Scheme Name

Risk
3Y

Jenson

Market Cap (%)

LARGE
CAP

MID
CAP

SMALL
CAP

DEBT &
OTHER

FT India Balanced Fund - Growth

55.83

10-Dec-1999

193.03

2.45

3.26

6.84

3.19

13.19

2.24

0.02

52.11

18.01

--

29.88

Birla Sun Life 95 - Growth

352.61

10-Feb-1995

584.69

4.71

3.12

6.61

2.74

20.97

2.43

0.06

55.26

13.40

0.91

30.43

Tata Balanced Fund - Plan A - Growth

101.24

08-Oct-1995

562.98

4.95

5.13

6.27

5.23

15.64

2.53

0.06

52.81

18.96

1.14

27.10

UTI Balanced Fund - Growth

88.04

20-Jan-1995

869.48

4.47

3.48

4.51

0.69

15.88

2.40

0.01

56.03

14.75

2.51

26.71

Canara Robeco Balance - Growth

71.02

01-Feb-1993

190.95

3.92

3.43

3.58

3.54

10.11

2.47

0.02

49.49

17.81

1.95

30.74

NAV

Launch

AUM

(`)

Date

(`Cr.)

INCOME FUND
Returns (%)
Scheme Name

Tata Dynamic Bond Fund - Plan A - G

18.32
Morgan Stanley Active Bond Fund - Reg - G 12.70
Canara Robeco Dynamic Bond Fund - Reg - G
13.48
BNP Paribas Flexi Debt Fund - Growth
20.51
Tata Income Plus Fund - Plan A - Growth 18.94
ICICI Prudential Banking & PSU Debt Fund - G
13.51
Axis Banking Debt Fund - Growth
1123.66

03-Sep-2003
03-Jun-2009
29-May-2009
23-Sep-2004
11-Nov-2002
01-Jan-2010
08-Jun-2012

392.85
589.86
302.41
597.03
174.49
537.61
256.69

Risk

Annualised

Since

Std.

1W

2W

1M

6M

1Y

3Y

Launch

Dev.

9.72
11.85
12.60
12.13
11.67
8.58
8.31

-4.18
-11.14
-12.95
-9.46
-1.42
9.30
7.64

18.96
25.89
23.23
19.35
23.73
9.90
12.38

7.19
4.07
4.65
5.06
3.32
5.21
8.04

11.74
11.52
9.35
9.10
8.97
8.81
8.43

8.50
7.55
8.86
8.13
8.02
8.89
--

6.15
5.58
7.00
8.22
6.00
8.20
8.83

29.38
17.88
20.94
49.03
15.58
8.56
7.51

SHORT TERM FUND

Average

Sharpe
-0.03
-0.08
-0.04
-0.03
0.11
0.20

Yield till

Maturity (Days) Maturity

1376.00
2176.00
2690.00
2924.00
1449.00
16.00
164.00

8.99
7.95
9.26
9.12
9.60
10.43
9.77

Due to their inherent short term nature, the following 2 categories have been sorted on the basis of 6month returns

Returns (%)

Risk

Average

Yield till

(`)

Date

(`Cr.)

1W

Annualised
2W
1M

6M

1Y

3Y

Launch

Birla Sun Life Short Term Opp. Fund - Reg - G

19.69

24-Apr-2003

1029.13

8.46

5.07

14.80

9.10

9.94

10.04

6.66

8.25

0.16

--

11.04

Birla Sun Life Medium Term Plan - Reg - G

14.56

25-Mar-2009

1320.35

8.54

5.22

16.78

8.99

9.92

10.04

8.54

9.32

0.14

--

12.05
10.14

Scheme Name

NAV

Launch

AUM

Since

Std.
Dev.

Sharpe

Maturity (Days) Maturity

Sundaram Select Debt - S TA P - Reg - Appreciation

21.15

04-Sep-2002

305.37

9.46

6.77

13.74

8.44

10.19

10.92

6.95

10.74

0.03

372.00

Morgan Stanley Short Term Bond Fund - Reg - G

13.95

26-May-2009

526.66

9.29

6.00

17.06

8.11

9.02

9.21

7.90

14.44

0.04

449.00

9.21

Tata Short Term Bond Fund - Plan A - G

22.71

08-Aug-2002

320.22

9.59

5.05

17.24

7.52

9.01

8.83

7.59

19.16

0.05

496.00

9.81

JPMorgan India Short Term Income Fund - G

13.38

25-Mar-2010

1044.04

7.96

6.68

20.29

7.34

8.37

9.09

8.45

6.11

0.19

969.00

9.90

UTI Short Term Income Fund - Ret - G

21.37

23-Jun-2003

3523.68 10.44

0.82

18.95

7.20

9.26

9.61

7.62

11.39

0.12

802.00

--

Average

Yield till

NAV

Launch

Since

Std.
Dev.

ULTRA SHORT TERM

Returns (%)
Scheme Name

AUM

Risk
Sharpe

Maturity (Days) Maturity

6M

1Y

3Y

Launch

DSP BlackRock Money Manager Fund - Reg - G 1674.53

31-Jul-2006

1686.27 9.03

8.21

11.73

9.42

8.96

8.71

7.38

3.01

0.06

137.00

--

DWS Ultra Short-Term Fund - Growth

19.95

21-Oct-2003

1842.88 8.51

8.56

10.85

9.17

8.98

9.00

7.14

2.74

0.21

91.00

10.24
10.32

(`)

Templeton India Ultra Short Bond Fund - Retail - G

Date

(`Cr.)

1W

Annualised
2W
1M

15.76

18-Dec-2007

4132.25 8.48

8.48

10.90

9.10

9.20

9.20

8.08

2.64

0.29

64.00

Tata Floater Fund - Plan A - Growth

1849.60

06-Sep-2005

2700.42 8.99

8.63

11.52

9.09

9.20

9.27

7.85

29660.60

0.06

108.00

9.77

IDFC Ultra Short Term Fund - Reg - G

17.16

17-Jan-2006

1824.43 8.89

8.87

11.61

9.05

9.27

9.60

7.20

3.35

0.10

93.00

10.03

3109.69

12-Jul-1999

7890.95 8.87

7.86

10.74

8.95

9.03

8.92

8.26

2.39

0.19

127.00

--

Taurus Ultra Short Term Bond Fund - Ret - G 1440.32

01-Dec-2008

284.28

9.23

11.29

8.94

9.07

9.16

7.73

2.77

0.16

84.00

--

UTI Treasury Advantage Fund - Reg - G

9.29

Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 24/10/2013
Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%

18

Mr S C Aggarwal (CMD, SMC Group) during National Conference on

Mergers & Acquistions organised by ASSOCHAM at New Delhi.

Mr D K Aggarwal (CMD, SMC Investments and Advisors Ltd) during

Real Estate Summit cum Excellence Awards organised by ASSOCHAM at New Delhi.

Mr Ajay Garg (Director, SMC Global Securities Ltd) delivering speech from
the podium during the annual day of Shaheed Sukhdev College of Business Studies at New Delhi.