2015: issue 457, week: 12th - 15th january 2015 wise m ney · smc global securities limited is...
TRANSCRIPT
WISE M NEY
Dance, sing and let the vibrancy of Lohri brighten up your life.Happy Lohri.
2015: Issue 457, Week: 12th - 15th January 2015A Weekly Update from SMC
(For private circulation only)
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Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
Fixed Deposit 16
Mutual Fund 17-18
SMC RESEARCH TEAM
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he start of the New Year has not been exciting for investors as the global economy is
now engulfed with multiple threats. On the one hand crude oil prices have fallen to Tmulti year lows and on the other hand, bond yield of economies like U.S, Japan and
Germany is moving north. Global stock markets saw selling pressure during the week on
concerns pertaining to the fate of Greece in Euro zone and downward revision of earnings
estimate of oil companies in view of the fall of nearly 55 percent in crude prices. Already
the euro area economic growth has been stagnant, the growth momentum of the Chinese
economy is slowing and Japan is in recession. Falling crude oil prices are affecting the
growth of the oil exporting country on the one hand while it is benefiting the oil importing
countries on the other hand, but the persistent fall in the crude oil prices is becoming a
threat for a deflationary situation for the importing country. Minutes of the Federal Open
Market Committee (FOMC) meeting held on 16 and 17 December 2014 revealed that the
members discussed over the rate hike even if inflation remains below the target of 2
percent. But as the Fed used that it can be patient along with the interest rate to remain
low for considerable time indicates that the committee is unlikely to begin the
normalization for at least next two quarters.
Back at home, the sign of weak global outlook has adversely affected the investors'
sentiment and broad based selling was witnessed in the domestic equity market. However,
the fall in the crude oil price is a boon for the Indian economy as it will drastically reduce
the import bill for the country, thereby it will help in containing the fiscal deficit on the one
hand and on the other hand it will help in bring down the inflation which at a very high level.
India imports 80% of its crude oil requirement. The union budget is around the corner and
the Finance Minister Arun Jaitley is meeting with various representatives of Trade and
Industry. In his meeting Mr. Arun Jaitley indicated that ease of doing business in the country
is a high priority for the government and said implementation of nationwide goods and
services tax (GST) is expected to improve the tax administration regime and would help in
bringing more transparency in the system and ensure smooth flow of goods.
On the commodities front, bullion counter can trade in range on mixed fundamentals.
Stronger greenback continues to exert pressure on the prices. Meanwhile, physical demand
from Russia and China continue to cap the downside. Some recovery can be seen in crude oil
as the prices have dropped sharply in the recent months. The Organization of Petroleum
Exporting Countries is battling a U.S. shale boom by resisting production cuts, signaling it's
prepared to let prices fall to a level that slows the highest American output in more than
three decades. Selling pressure can persist in base metal counter on signs of a slowdown in
China along with supply surplus. China's factory- gate prices extended a record run of
declines, signaling weakening demand in the world's largest metals user. This week US retail
sales, industrial production, Michigan consumer sentiment data will give further direction
to the metal and energy prices.
From The Desk Of Editor
(Saurabh Jain)
SMC Global Securities Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a further public offering of its equity shares and has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India (“SEBI”) and the Stock Exchanges. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of the Book Running Lead Manager i.e., ICICI Securities Limited at www.icicisecurities.com and the Co- Book Running Lead Manager i.e., Elara Capital (India) Private Limited at www.elaracapital.com . Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please see the section titled “Risk Factors” of the aforementioned offer document.
SMC Global Securities Ltd. (hereinafter referred to as “SMC”) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and its associate is member of MCX stock Exchange Limited. It is also registered as a Depository Participant with CDSL and NSDL. Its associates merchant banker and Portfolio Manager are registered with SEBI and NBFC registered with RBI. It also has registration with AMFI as a Mutual Fund Distributor.
SMC is in the process of making an application with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014. SMC or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market.
SMC or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. SMC or its associates and relatives does not have any material conflict of interest. SMC or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and SMC has not been engaged in market making activity of the company covered by Analyst.
The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.
SMC does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.
NEWS
DOMESTIC NEWSEconomy•McNally Bharat Engineering Company announced that MBE Coal & Minerals
Technology GmbH, Cologne, a 100% step subsidiary of the Company has received an order from VALE group for an amount of Euro 5.1 million [Rs 38 crore (approx)] for supply of spare parts to optimize iron ore beneficiation activities.
•VA Tech Wabag has bagged a ̀ 220-crore order for design and construction of 140 MLD sewage water treatment plant at Dinapur in Varanasi. The contract is part of Japan International Cooperation Agency (JICA) funded Ganga Action Plan project, which is being implemented by the Ganga Pollution Prevention Unit of UP Jal Nigam, Varanasi.
Metal•SAIL has charted investment of `1,50,000 crore till 2030-31 to ramp up
steel production from 23 million tonnes to 50 million tonnes.Oil & Gas•GAIL will invest monthly accruals in the gas pool account in 271-day
deposits of four empanelled banks - State Bank of India, Indian Overseas Bank, Oriental Bank of Commerce and Corporation Bank.
Media & Entertainment•Shemaroo Entertainment has entered an exclusive association with net mobile
AG to distribute content from Playboy Enterprises Inc, in South Asian territories like India, Nepal, Bhutan, Sikkim, Sri Lanka, Pakistan and Bangladesh.
•Eros International Media Limited (Eros International) announced its foray into the Malayalam market with director Jeethu Joseph's Life of Josutty. The studio already has experience with other South Indian language films including last year's Rajnikanth flicks Kochadaiyyan and Lingaa.
Fertilizers•Mangalore Chemicals & Fertilizers announced that the operation of the
Company's urea plant has commenced. The Company had shut the operations of the urea plant with effect from 01 October 2014 in view of the Government of India notifications.
Realty/ Construction•National Buildings Construction Corporation Ltd (NBCC) has bagged a ̀ 1,237-
crore order in Odisha under the Pradhan Mantri Gram Sadak Yojana.Information Technology•Tech Mahindra has entered into a joint venture with US-based global
telecom technology firm Avion Systems to provide network design and engineering services to communications service providers. The JV would be primarily servicing the communication industry in the transformation of current mobile to a virtualized, cloud-enabled and open-systems driven network to spur rapid innovation and adoption.
Pharmaceutical•Lupin Pharmaceuticals Inc, the US-based subsidiary of the company, has
launched its Valsartan tablets in strengths of 40 mg, 80 mg, 160 mg and 320 mg in the US market after getting nod from the USFDA.
Packaging•Essel Propack has expanded manufacturing capabilities in Egypt and China to
cater to FMCG and cosmetic brands in West Asian, African and Chinese markets.Power•SJVN has signed a Joint Venture Agreement with six state power
generating companies belonging to West Bengal, Bihar, Uttar Pradesh, Punjab, Karnataka and Tamil Nadu for formation of a JV Company for mining coal from Deocha Pachami-Dewanganj Horisingha Coal Block located in Birbhum district of West Bengal State.
INTERNATIONAL NEWS•US initial jobless claims edged down to 294,000, a decrease of 4,000 from
the previous week's unrevised level of 298,000. Economists had expected jobless claims to dip to 290,000.
•US consumer credit climbed by $14.1 billion in November following a revised $16.0 billion increase in October. Economists had expected credit to increase by about $15.0 billion.
•US trade deficit narrowed to $39.0 billion in November from a revised $42.2 billion in October. The trade deficit in November reflected the smallest since December of 2013.
•The Bank of England kept its key interest rate at a record low once again at the start of the year amid growing concerns about inflation falling below 1 percent in months ahead. The Monetary Policy Committee, decided to hold the key bank rate at 0.50 percent and the size of asset purchases at GBP 375 billion.
•Eurozone producer prices dropped 1.6 percent year-on-year in November, faster than the 1.3 percent decrease in October. Economists had forecast prices to decline 1.4 percent.
•Eurozone retail sales rose 0.6 percent from October, when they grew the same, revised from 0.4 percent. Economists had expected a modest gain of 0.2 percent.
EX-DATE COMPANY PURPOSE14-JAN-15 SIEMENS FINAL DIVIDEND - ̀ 6/- PER SHARE21-JAN-15 R. S. SOFTWARE (INDIA) INTERIM DIVIDEND / FACE VALUE SPLIT
FROM 10/- PER SHARE TO 5/- PER SHARE
22-JAN-15 CORPORATION BANK FACE VALUS SPLIT (SUB-DIVISION) - FROM 10/- PER TO 2/- PER SHARE
22-JAN-15 BANK OF BARODA FACE VALUE SPLIT (SUB-DIVISION) - FROM 10/- PER SHARE TO 2/- PER SHARE
22-JAN-15 WIPRO INTERIM DIVIDEND23-JAN-15 MINDTREE INTERIM DIVIDENDMEETING DATE COMPANY PURPOSE12-JAN-15 CAN FIN HOMES RIGHTS ISSUE13-JAN-15 DCB BANK RESULTS13-JAN-15 RELIANCE INDUSTRIAL INFRASTRUCTURE RESULTS13-JAN-15 LAKSHMI VILAS BANK RESULTS13-JAN-15 INDUSIND BANK RESULTS14-JAN-15 BAJAJ FINSERV RESULTS14-JAN-15 YES BANK RESULTS14-JAN-15 LIC HOUSING FINANCE RESULTS15-JAN-15 TATA CONSULTANCY SERVICES RESULTS/DIVIDEND15-JAN-15 PTC INDIA FINANCIAL SERVICES RESULTS15-JAN-15 BAJAJ AUTO RESULTS15-JAN-15 THE FEDERAL BANK RESULTS15-JAN-15 D.B.CORP RESULTS/DIVIDEND16-JAN-15 WIPRO RESULTS/DIVIDEND16-JAN-15 RELIANCE INDUSTRIES RESULTS16-JAN-15 AXIS BANK RESULTS17-JAN-15 UNICHEM LABORATORIES RESULTS17-JAN-15 M & M FIN. SER. RESULTS19-JAN-15 MINDTREE RESULTS/DIVIDEND19-JAN-15 HINDUSTAN UNILEVER RESULTS20-JAN-15 THE SOUTH INDIAN BANK RESULTS20-JAN-15 KOTAK MAHINDRA BANK RESULTS
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FORTHCOMING EVENTS
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) 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.
TREND SHEET
Stocks *Closing Trend Date Rate SUPPORT RESISTANCE Closing
Price Trend Trend
Changed Changed
SENSEX 27458 UP 12.09.13 19317 27400 26900
S&P NIFTY 8285 UP 12.09.13 5728 8200 8050
CNX IT 11400 DOWN 12.12.14 10929 11400 11600
CNX BANK 18637 UP 08.03.14 11278 18000 17600
ACC 1399 DOWN 19.12.14 1380 1440 1460
BHARTIAIRTEL 356 DOWN 05.12.14 368 370 385
BHEL* 255 UP 02.01.15 275 - 250
CIPLA 632 UP 12.06.14 416 620 600
DLF 138 DOWN 19.12.14 132 150 155
HINDALCO 155 DOWN 12.12.14 154 162 168
ICICI BANK 342 UP 08.03.14 227 340 330
INFOSYS** 2074 DOWN 12.12.14 1939 - 2120
ITC 357 DOWN 09.01.15 357 372 380
L&T 1500 DOWN 12.12.14 1511 1550 1590
MARUTI 3468 UP 19.09.13 1480 3250 3150
NTPC 140 DOWN 17.07.14 150 145 150
ONGC 351 DOWN 17.10.14 397 375 380
RELIANCE 860 DOWN 12.12.14 882 930 950
TATASTEEL 400 DOWN 27.08.14 513 430 440
S/l
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*BHEL has boken the support of 260 levels**INFY has breached the resistance of 2060 levels
Closing as on 09-01-2015
BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
SMC Trend
FMCGHealthcare
FTSE 100CAC 40
Auto BankRealty
Cap GoodsCons Durable
Oil & GasPower
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
ITMetal
Down SidewaysUp
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
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SMC Trend
Nifty BSE Midcap S&P CNX 500BSE SmallcapSensex Nifty Junior
263.28
489.95
-1534.23
-1084.74
471.30
-3.10
240.20
6.40
-2000.00
-1500.00
-1000.00
-500.00
0.00
500.00
1000.00
Friday Monday Tuesday Wednesday Thursday
FII / FPI Activity MF Activity
7.78
3.41
0.920.31 0.10
-6.46
-5.31-4.94 -4.83 -4.72
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
Hind. Unilever
Maruti Suzuki
M & M NTPC Tata Motors B H E L Sesa Sterlite TCS Reliance Inds.
Dr Reddy's Labs
8.08
5.845.43 5.15
3.45
-6.45 -6.40-6.03
-5.31 -5.26
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
Hind. Unilever Asian Paints Kotak Mah. Bank
B P C L Maruti Suzuki B H E L NMDC Punjab Natl.Bank
Sesa Sterlite TCS
-1.92
-2.20
-1.04 -1.08-1.17
-1.62
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Junior S&P CNX 500
0.20
0.42
0.19
-1.63
-0.76
-0.09
1.82
0.340.19
-2.00
-1.50
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
Nasdaq
Comp.
Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai
Comp.
FTSE 100 CAC 40
-0.04
-1.91
-1.49-1.33
0.46
-1.94
-3.11
-4.06
-2.34
-1.70
-1.17
-4.50
-4.00
-3.50
-3.00
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
0.50
1.00
Auto Index Bankex Cap Goods
Index
Cons
Durable Index
FMCG Index Healthcare
Index
IT Index Metal Index Oil & Gas
Index
Power Index Realty Index
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
Foreign
Institutions
Non Promoter Corporate Holding
Public & Others
49.08
10.727.84
32.37
Beat the street - Fundamental Analysis
Above calls are recommended with a time horizon of 8 to 10 months. Source: Company Website Reuters Capitaline
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Investment Rationale 2014. The restructured advances in the power •South Indian Bank is a private sector bank and it sector stood at 871 crore at end September 2014.
headquartered at Thrissur City in Kerala. South The restructured advances book of the bank did Indian Bank has 802 branches and 1026 ATMs not witness any slippages in Q2FY2015.spread across more than 27 states and union •Provision Coverage Ratio increased to 62.91% from territories in India. 53.56% during the corresponding period in the
•The business of the bank increased at higher pace previous fiscal. The bank's capital adequacy ratio of 9.10% to 82064.77 crore at the end September (Basel II) stood at 12.35% as on September 2014 2014. Advances increased 11.43% yoy at against 13.16% in September 2013. 35371.32 crore, while the deposits moved up
Valuation7.39% yoy to 46693.45 crore at end September Going forward, the bank expects to maintain asset
2014. The bank is focusing on retail book to quality steady. The bank foresees no major slippages,
support advances growth, while looks at while recoveries and upgradation would assist asset
generating more granularity in the advances quality. The Bank is poised to record a better
book.performance going forward, with focus on efficiency, •Net Interest Margin (NIM) is at 2.80% for the quality growth, profitability and building capital
quarter ended Sep'14. Bank expects that its NIM strengths. Thus, it is expected that the stock may see
would improve to committed level of 3% by end a price target of ̀ 44 in 8 To 10 months time frame on a
March 2015 with CASA improvement and better target P/BV of 1.45x and FY16 (E) BVPS of 30.33.pricing power ahead.
•Bank has maintained the Current Account Savings Account (CASA) ratio at 22.09% at end September 2014 compared to 22.07% at end June 2014.
•Gross Non Performing Assets (NPA) fell from 614.33 crore as of Sept 2013 to 553.17 crore as
of Sept 2014 and Net NPA fell from 439.85 crore as of Sept 2013 to 318.42 crore as of Sept 2014. The Gross NPA % of the bank stood at 1.55% as at September 2014 in compaarision to 1.92% during the same period previous year. The net NPA % stood at 0.90% as against 1.39% for the same period.
•Outstanding standard restructured advances of the bank stood at 1748 crore at end September
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Current Mkt.Price (Rs.) 30.20
Face Value (Rs.) 1.00
52 Week High/Low 35.05/19.65
M.Cap (Rs. in Cr.) 4077.44
EPS (Rs.) 3.23
P/E Ratio (times) 9.35
P/B Ratio (times) 1.26
Stock Exchange BSE
` in cr
% OF SHARE HOLDING
P/E Chart
SOUTH INDIAN BANK CMP: 30.20 Upside: 46%Target Price: 44.00
VALUE PARAMETERS
Actual Estimate
FY Mar-14 FY Mar-15 FY Mar-16
Net Total Income 1,767.20 1,947.70 2,313.60
EBIT 884.40 942.80 1,163.40
Operating Profit 728.90 873.80 2,298.00
Pre-tax Profit 728.90 665.10 922.50
Net Income 507.50 477.10 609.90
EPS 3.77 3.67 4.41
BVPS 25.08 27.01 30.33
ROE 15.90 13.40 15.60
KPIT TECHNOLOGIES LIMITED CMP: 204.50 Upside: 28%Target Price: 263.00
Investment Rationale (June 2014) and offshore utilization rate improved to 71.60% from 70.15% (June 2014).•During the qurter ended September 2014, revenue
from Asia Pacific (APAC) grew by sharp 42.64% QoQ, •The company has major exposure in 3 currencies - in US it grew by 4.35%. However, there was a USD, Euro and GBP. As per the company hedging decline of 5.89% on QoQ in Europe for the same policy, it cover 75% of the net exposure through period. Amongst the Strategic Business Units forward contracts for the next two quarters. Total (SBUs), Automotive and Engineering (A&E) grew by amount of USD hedges as on 30th September 2014: 24% QoQ followed by Systems Applications Products USD 42.95 million. These hedges are maturing in (SAP) 8.69% QoQ and Integrated Enterprise FY15 and average rate for these hedges is 62.72.Solutions (IES) 2% QoQ respectively. However, ValuationBusiness Transformation Unit (BTU) declined by
With strengthening demand in the US and large deals 5.26% QoQ during the quarter. traction in traditional services in Europe, the
•The realized rate for the quarter was 60.59/ USD company is expected to maintain sustained against 59.87/ USD in last quarter. This helped improvement in the operational profitability in the improve EBITDA margins by around 30 bps. It is also coming quarters aided by growth, utilization able to grow offshore business which resulted in improvement and pyramid improvement, we expect improvement in overall EBITDA Margins. the stock to see a price target of `263 in 8 to 10
•During the quarter ended September 2014, the largest months time frame on a target P/E of 15x and FY16 customer Cummins grew by 1.93% QoQ with revenue (E) earnings of 17.51.share at 14.9% while the Top 5 and Top 10 customers grew by 1.25% QoQ and 3.03% QoQ respectively. The company added two more client and taking the total number of active client to 203. The customer with run rate of more then $ 1 million is 84.
•During the quarter ended September 2014, it filed 5 patents in automotive domain. These also include provisional patents for which complete specifications are yet to be filed.
•During the quarter ended September 2014, the utilization rate of the company has improved for both onsite and offsite business. The onsite utilization rate improve to 91.12% from 90.84%
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Current Mkt.Price (Rs.) 204.50
Face Value (Rs.) 2.00
52 Week High/Low 219.05/140.00
M.Cap (Rs. in Cr.) 4008.83
EPS (Rs.) 11.97
P/E Ratio (times) 17.09
P/B Ratio (times) 3.14
Dividend Yield (%) 0.53
Stock Exchange BSE
VALUE PARAMETERS
% OF SHARE HOLDING
P/B Chart
` in cr
Actual Estimate FY Mar-14 FY Mar-15 FY Mar-16Revenue 2,694.00 3,015.80 3,445.50EBITDA 418.30 407.20 506.90EBIT 364.30 334.50 418.60Pre-tax Profit 330.80 340.70 442.80Net Income 236.70 259.30 346.80EPS 12.31 13.43 17.51BVPS 68.66 72.02 87.39ROE 20.50 18.80 19.60
53.42
8.02
2.15
22.22
14.19
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
Charts by Spider Software India Ltd
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The stock closed at `190.50 on 09th January 2015. It made a 52-week low at
101.50 on 29th January 2014 and a 52-week high at 231 on 10th September
2014. The 200 days Exponential Moving Average (EMA) of the stock on the daily
chart is currently at 180.70.
After making 52 week high of 231 levels, it fell down marginally. Due to its
uptrend it again moved slowly on the northward direction forming fresh buying
pivot near 165 levels with the rise in volumes in it. We anticipate it may continue
its upward journey in the near term .So, one may buy in the range of 190-192 for
the upside target of 205-210 with closing below SL of 182.
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EQUITY
Above calls are recommended with a time horizon of 1-2 months
The stock closed at 521.00 on 09th January 2015. It made a 52-week low at
332.10 on 04th February 2014 and a 52-week high of 550.70 on 18th November
2014. The 200 days Exponential Moving Average (EMA) of the stock on the daily
chart is currently at 472.24.
As we can see on the chart, it is in uptrend since 2013 and trading near to its 52
week high of 551 levels. There were slight retracements in this upward journey
but it maintained its momentum negating the up and down of the broader index,
which shows its strength. So, one can buy in the range of 516-519 for the upside
target of 550-555 with closing below SL of 500.
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Disclaimer : research. The analysis contained in the analyst research is based on numerous assumptions. Different assumptions could result in materially different results.The analyst, not any of its affiliated companies, not any of their members, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of the analysis research.
The analyst and its affiliates companies make no representation or warranty in relation to the accuracy, completeness or reliability of the information contained in its
®
Tata Motors
Crompton Greaves
DERIVATIVES
CHANGE IN NIFTY OPTION OI (IN QTY)
WEEKLY VIEW OF THE MARKET
NIFTY OPTION OI CONCENTRATION (IN QTY)
CHANGE IN BANKNIFTY OPTION OI (IN QTY)BANKNIFTY OPTION OI CONCENTRATION (IN QTY)
®
CROMPGREAV (JAN FUTURE)
Buy: Above `192
Target: `201
Stop loss: `188
SSLT
Buy JAN 205. PUT 6.15
Sell JAN 200. PUT 4.95
Lot size: 1000
BEP: 203.80
Max. Profit: 3800.00 (3.80*1000)
Max. Loss: 1200.00 (1.20*1000)
OPTIONSTRATEGY
FUTURE
HEXAWARE
Buy JAN 210. CALL 8.10
Sell JAN 220. CALL 5.60
Lot size: 2000
BEP: 212.50
Max. Profit: 15000.00 (7.50*2000)
Max. Loss: 5000.00 ( 2.50*2000)
TCS
Buy JAN 2550. CALL 61.00
Sell JAN 2600. CALL 41.00
Lot size: 125
BEP: 2570.00
Max. Profit: 3750.00 (30.00*125)
Max. Loss: 2500.00 ( 20.00*125)
BULLISH STRATEGY
DERIVATIVE STRATEGIES
BATAINDIA (JAN FUTURE)
Buy: Around `1360
Target: `1412
Stop loss: `1336
M&MFIN (JAN FUTURE)
Sell: Below `312
Target: `303
Stop loss: `316
BEARISH STRATEGY
Markets remained choppy and volatile throughout the week. Hereafter the range of 8200-8400 will remain crucial in the near term, and the move is
expected to remain volatile as indicated by option open interest concentration. If Nifty slips below the 8200 mark, it could slide to 8100 levels due to
increased selling pressure. On the other hand, the index may face stiff resistance at 8300-8330 levels. The put-call ratio of open interest closed lower at
1.10 levels. The options open interest concentration continued to be at the 8400-strike call with the highest open interest of above 40 lakh shares.
Among put options, the 8000-strike taking the total open interest to 60 lakh shares, with the highest open interest among put options. The implied
volatility (IV) of call options closed at 13.43%, while the average IV of put options closed at 13.65%. The Nifty has sustained above the crucial support of
8200. Short term indicators are indicating upside momentum to continue above 8200. It is likely to hover in the range of 8200-8400 levels for the week
In lakhs
In 10000 In 10000
Call Put
0.5
4
2.0
2
1.9
5
0.0
9
9.0
1
25
.47
5.9
7
44
.56
7.5
6
33
.40
36
.74
13
.24
47
.63
35
.18
10
.00
62
.22
37
.02
4.9
4
20
.04
2.5
4
4.2
6
0.4
9
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
16500 17000 17500 17800 18000 18500 18600 19000 19200 19500 20000
Call Put
0.5
1
3.8
7
1.4
5
7.9
4
18
.26
15
.57
20
.31
13
.40
1.4
9
4.6
3
-2.9
4
7.8
9
7.2
8
5.6
1
4.0
5
1.1
1
-3.7
7
-7.6
7
-1.1
6
-2.5
0
0.1
7
-0.1
5
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700 9000
Call Put
-0.0
6
-0.1
0
-0.1
6
0.0
3
4.4
2
8.4
2
4.7
3
5.5
3
4.4
8
-7.6
9
7.1
3
3.6
6
16
.31
3.8
7
8.2
9
18
.72
1.1
7
0.8
5
-3.2
4
0.5
8
1.2
2
-0.1
0
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
16500 17000 17500 17800 18000 18500 18600 19000 19200 19500 20000
1.8
2 5.1
3
14
.52
12
.96
28
.23
39
.20
53
.94
43
.48
38
.10
34
.65
27
.81
40
.15
39
.72
62
.90
47
.35
46
.69
35
.79
14
.07
11
.46
10
.01
4.0
8
5.5
0
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
7800 7900 8000 8100 8200 8300 8400 8500 8600 8700 9000
Call Put
8
In lakhs
9
DERIVATIVES
®
FII’s ACTIVITY IN DERIVATIVE SEGMENT
SENTIMENT INDICATOR (NIFTY)
08-Jan 07-Jan 06-Jan 05-Jan 02-Jan
NIFTY Discount/Premium 22.65 39.75 30.55 44.45 62.95
PCR(OI) 1.10 1.03 1.03 1.24 1.31
PCR(VOL) 1.05 0.90 1.08 1.07 1.16
A/D RATIO(Nifty 50) 15.67 0.72 0.02 0.67 5.25
A/D RATIO(All FO Stock)* 18.86 0.78 0.01 0.68 3.21
Implied Volatality 14.49 16.44 15.86 12.46 11.97
VIX 16.47 18.14 17.42 14.15 14.15
HISTORY. VOL 21.35 20.95 21.59 16.05 16.43
*All Future Stock
SENTIMENT INDICATOR (BANKNIFTY)
08-Jan 07-Jan 06-Jan 05-Jan 02-Jan
Banknifty Discount/Premium 73.70 101.35 90.80 132.75 159.90
PCR(OI) 1.34 1.29 1.33 1.24 1.21
PCR(VOL) 0.86 1.00 1.36 0.94 0.84
A/D RATIO(BANKNIFTY)## All Up 1.40 0.00 0.50 3.00
A/D RATIO(All BANKING Stock)* All Up 0.62 0.00 0.24 1.10
Implied Volatality 21.50 23.66 22.71 18.58 18.13
HISTORY. VOL 26.57 25.67 26.30 21.83 22.45
FII’S ACTIVITY IN NIFTY FUTURE
Top 10 long build up Top 10 short build up
LTP % Price Change Open interest %OI Chng
DISHTV 69.75 2.57% 21684000 30.22%
IGL 457.8 0.34% 844000 26.82%
UBL 897.35 6.76% 330000 18.07%
PETRONET 218.35 2.70% 3748000 14.48%
ASHOKLEY 60.7 14.10% 72072000 12.75%
MARUTI 3499.05 3.24% 2698625 8.31%
TVSMOTOR 293.1 9.37% 4917000 7.50%
APOLLOTYRE 228 1.11% 9282000 7.31%
EXIDEIND 187.2 0.62% 8248000 6.59%
LICHSGFIN 470.85 0.32% 9292000 5.90%
**The highest call open interest acts as resistance and highest put open interest acts as support.# Price rise with rise in open interest suggests long buildup | Price fall with rise in open interest suggests short buildup # Price fall with fall in open interest suggests long unwinding | Price rise with fall in open interest suggests short covering
LTP % Price Change Open interest %OI Chng
PFC 280.45 -8.81% 6603000 32.43%
IDEA 152.65 -5.01% 11880000 14.19%
JINDALSTEL 158.45 -2.76% 23289000 12.49%
DIVISLAB 1664.2 -5.75% 632625 11.87%
DRREDDY 3075.25 -5.06% 1307750 11.45%
MRF 38285 -0.50% 84000 11.07%
SAIL 77.95 -5.34% 42404000 11.06%
ENGINERSIN 226.3 -2.92% 2766000 9.11%
IRB 239.35 -10.81% 7137000 7.48%
MOTHERSUMI 446.75 -3.10% 4072000 7.38%
## All BANKING Future Stock
In Cr. In Cr.
-13
03
54
8
47
3
13
1
-29
45
2
-60
5
-28
17
-21
7
-17
7
-3000
-2500
-2000
-1500
-1000
-500
0
500
1000
26-Dec 29-Dec 30-Dec 31-Dec 01-Jan 02-Jan 05-Jan 06-Jan 07-Jan 08-Jan
10
14
18
35
15
80
62
3
47
9
77
2
-57
1
-12
84
3
74
3
-1500
-1000
-500
0
500
1000
1500
2000
26-Dec 29-Dec 30-Dec 31-Dec 01-Jan 02-Jan 05-Jan 06-Jan 07-Jan 08-Jan
Jeera futures (Feb) would possibly consolidate in the range of 14700-15400 levels. The spot prices of cumin are under pressure on account of weak demand after recent surge in prices. In Rajkot, European quality cumin seed was traded at Rs 2,600, Singapore quality was quoted at Rs 2,550 while Kirana quality was offered at Rs 2,700. Cardamom futures (Feb) is likely to trade in the range of 1000-1100 levels. The counter is likely to remain steady, supported by the positive cues of active buying from both domestic dealers and exporters to meet the upcountry demand. In the current scenario, the supply pipelines are empty in the consuming markets and there are no carry-over stocks in the primary and terminal markets. Total arrivals during the season so far stood 10,767 tonnes against 11,722 tonnes in the same period a year ago. Sales were at 10,569 tonnes against 11,347 tonnes respectively. The individual auction average as of January 7th this year was at around Rs.836.68/kg as compared to Rs.581.52/kg on the corresponding date last year. Coriander futures (Apr) may face resistance near 8500 levels in the days to come. The bearish sentiments of higher sowing this season is expected to keep a lid over the counter. In Gujarat, the sowing area till 29th December, 2014 has been recorded at 89600 hectares. Overall, in Madhya Pradesh and Rajasthan Coriander the area under cultivation is likely to go up 25 - 30% during the period due to higher prices in previous years. The bull-run in Turmeric futures (Apr) may see some pause facing resistance near 9600 levels. Factors such as lesser demand at higher levels & lack of clarity on demand has kept the market participants sidelined. At the spot markets, the turmeric prices have decreased on lack of demand, especially from North India.
SPICES
Gold can trade with a sideways bias in this week. Gold can move in the range of 26200-27400 while Silver can move in the range of 35000-38000. Meanwhile, weaker local currency rupee can cap the downside on the domestic bourses. Minutes from the Federal Reserve's December monetary policy meeting showed policy makers expect the economy to continue improving, though it's unlikely the central bank will raise interest rates before late April. With the economy, strengthening and unemployment falling, the Fed in December dropped a pledge to keep interest rates low for a “considerable time.” US Dollar Index strengthened above 92 recently and hit a 12 year peak against the other major currencies after data on initial jobless claims pointed to an ongoing recovery in the labor market. Also, mounting optimism over the strength of the U.S. economic recovery lent support to the greenback. India's gold imports fell to 39 tonnes in December and were placed at 7 tonnes in the first week of January, compared with 152 tonnes in November 2014. Gold imports came down substantially in December after the government scrapped a rule that mandated traders export one-fifth of the gold consignment imported into the country. The trend has continued in January, providing relief to the government after a spike in imports in recent months worsened the trade deficit. China demand has been a key driver for gold as they are probably buying again after the recent gold price weakness. Traditionally, Chinese consumers are known for buying on any dips.
BULLIONS
10
The base metal counter is expected to move sideways amid mixed fundamentals. China's factory gate prices extended a record stretch of declines, with the sharpest drop in two years in December, suggesting room for further monetary easing. Copper may move in the range of 376-400. Copper prices can dip lower on signs of a slowdown in China along with the supply surplus that will hit the markets this year. On the contrary, there are hopes of more stimuli from China to support the economy will act as a positive factor. While Zinc moved in the range of 131-139. According to the reports from the International Lead and Zinc Study Group, the increase in global demand of zinc excluding the demand from China, is rather low, which is reported to be 2.3 percent hike in the year, 2014 and 1.3 percent hike in the year 2015. Global zinc market fundamentals have been tightening for some time now. They are set to get tighter as supplies are constrained despite the modest growth likely in consumption demand. Meanwhile, lead can move in the range of 113-119 in MCX while Nickel prices may trade in the range of 940-990. According to the International Nickel Study Group “World primary nickel production was 1.75 Million tonnes in 2012, increased to 1.94 Million tonnes in 2013 and could reach 1.93 Metric tonnes in 2014”. Aluminium stocks held at three major Japanese ports rose for an eighth straight month to hit a record high at the end of November on rising imports and softer demand at home. Aluminum may move in the range of 111-118.
®
BASE METALS
Crude oil may remain in range during this week with some short covering can be seen at lower levels. Crude oil can move in the range of $45-$55 in NYMEX and 2900-3300 in MCX. U.S. crude stockpiles dropped 3.06 million barrels to 382.4 million in the week ended Jan. 2, according to the EIA, the Energy Department's statistical arm. Supplies at Cushing, Oklahoma, the delivery point for WTI traded in New York, increased 1.31 million barrels to 32.1 million last week, and the highest level since February. Crude production rose 11,000 barrels a day to 9.13 million last week. Output climbed to 9.14 million a day through Dec. 12, the most in weekly data that started in January 1983. Refineries operated at 93.9 percent of their capacity, down 0.5 percentage points from the prior week. Gasoline supplies rose 8.12 million barrels to 237.2 million, the highest level since February 2011. Distillate demand tumbled 32 percent to 2.87 million barrels a day last week, while gasoline consumption slipped 8.4 percent. Alberta's oil production rose to a record in October and further gains are forecast this year as plunging prices fail to slow oil sands expansions. Natural gas prices may drop further on a forecast of warmer weather in the US. Overall, it can move in the range of 160-200 in MCX. There are no major changes over Weather side in US as largely normal temperatures are expected in most of the lower 48 states through middle and second last week of January. WSI Corp in Andover stated that temperatures may be above normal in most of the lower 48 states from Jan 17 through Jan 21.
ENERGY COMPLEX
The uptrend may persist in Mustard futures (Apr) taking support above 3480 levels. The fundamentals of the counter are strong amid elevated buying against thin stocks. The new crop is expected to hit the market in mid February and till then it is expected that there would be tight availability. This season the harvest won't be an upbeat one as the acreage and yield has declined amid adverse weather conditions during the growth stage. Mustard sowing in the country as of December 24 estimated 5% lower at 63.8 lakh hectares from 67.01 lakh hectares as compared to the same period last year. Soybean futures (Feb) may witness upside price movement in the days to come & test 3580-3620 levels, surpassing the resistance of 3550 levels. In the current scenario, the soybean crushing has turned positive and the export demand seems to be catching pace along with the rising domestic demand. India's Soymeal exports are expected to rise in January as local crushing has picked up. India's Soymeal supplies were quoted around $465 per tonne on FoB basis last week on the West Coast, lower than $483 a tonne in December. CPO futures (Jan) may trade in the range of 460-475 levels with an upside bias. Steady to firm sentiments is being witnessed in the various edible oil prices in different spot markets owing to need based buying and gains in the international palm oil market. Malaysian palm oil futures climbed to their highest in over two months as the Ringgit continued its tumble against the U.S. dollar. There are also fears that of monsoon flooding in the states of Johor and Sabah may squeeze supplies. Next week, the market participants may remain cautious as data are scheduled to be released by the U.S Department of Agriculture & the Malaysian Palm Oil Board on Jan 12.
OIL AND OILSEEDS
OTHER COMMODITIES
Kapas futures (Apr) will possibly fall towards 760 levels on reports that Cotton Corporation of India will start an e-auction this month onwards. Moreover, the buyers at the spot markets have restricted to fewer deals ahead of festivities of Sankranti, Pongal and Lohri to be celebrated next week. The fundamentals of the international markets also depict a bearish scenario for the cotton prices. As stated by the International Cotton Advisory Committee, despite the expected growth in cotton consumption this season, a world production surplus of 1.7 million tonnes is still anticipated. This will bring 2014/15 world ending stocks to 21.3 million tonnes, up 9% from 2013/14 and up 147% from 2009/10. The contraction in China's demand for cotton yarn imports is expected to cause India's cotton consumption growth to slow to 4% reaching 5.3 million tonnes. Sugar futures (Mar) is likely to hover in the range of 2680-2780 levels. The ample supplies from higher production are lending a bearish hand to the sweetener. On the other hand, there is a ray of hope for recovery as it is reported that India is considering higher subsidies for raw sugar exports. Wheat futures (Jan) is expected to witness a consolidation for the fourth consecutive week in the range of 1690-1720 levels. Despite a marginal drop in acreage a bumper harvest is expected, if the weather holds for the next few weeks and the rainfall intensity does not increase suddenly. The supply side is ample to keep the upside capped as the wheat stocks in govt.'s granaries are more than three times the target at 25.1 million tonnes as of Jan. 1, 2015. The upside momentum may persist in Chana futures supported by fundamentals of lower sowing this season in major producing states such as Madhya Pradesh (-17%), Andhra Pradesh (-30%), Maharashtra (-25%), Karnataka (6%) and Uttar Pradesh till 2nd January, 2015.
11
TECHNICAL RECOMMENDATIONS
COMMODITY
GOLD MCX (FEBRUARY) contract closed at ̀ 26801.00 on 8th January '15. The contract made its high of
27796.00 on 16th December '14 and a low of 25526.00 on 1st December '14. The 18-day Exponential
Moving Average of the commodity is currently at 26899. On the daily chart, the commodity has Relative Strength Index (14-day) value of 47. One can buy in the
range 26550-26500 with the stop loss of 26350 for a target of 26900.
` `
`
` `
NICKEL MCX (JANURAY) contract closed at 971.30 on 8th January '15. The contract made its high of
1072.10 on 5th December '14 and a low of 931.00 on 5th January '15. The 18-day Exponential Moving
Average of the Commodity is currently at 979.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 45. One can buy in the
range 960-950 with the stop loss of 935 for a target of 995.
`
` `
`
` `
SOYAREFINED OIL NCDEX (FEBRUARY) contract closed at 660.55 on 8th January '15. The contract
made its high of 663.95 on 8th January '15 and a low of 582.00 on 1st December '14. The 18-day
Exponential Moving Average of the Commodity is currently at 635.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 74. One can buy in the
range 656-654 with the stop loss of 651 for a target of 665.
`
` `
`
` `
®
GOLD MCX (FEBRUARY)
NICKEL MCX (JANUARY)
SOYAREFINED OIL NCDEX (FEBRUARY)
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 Daily report- commodities (Morning Mantra).
2) 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.
EXCHANGE COMMODITY CONTRACT CLOSING DATE TREND TREND RATE TREND SUPPORT RESISTANCE CLOSING
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN JAN 3362.00 05.06.14 DOWN 4401.00 - 3380.00 3450.00
NCDEX JEERA JAN 14950.00 13.11.14 UP 12090.00 13500.00 12500.00
NCDEX CHANA JAN 3483.00 30.10.14 UP 3131.00 3050.00 3000.00
NCDEX RM SEEDS JAN 4093.00 06.03.14 UP 3564.00 3800.00 3700.00
MCX MENTHA OIL JAN 765.40 29.05.14 SIDEWAYS
MCX CARDAMOM FEB 1036.10 01.01.15 UP 1038.40 950.00 900.00
MCX SILVER MAR 36954.00 11.12.14 UP 38668.00 35500.00 35000.00
MCX GOLD FEB 26801.00 11.12.14 UP 27191.00 26300.00 25800.00
MCX COPPER FEB 385.50 16.10.14 DOWN 409.00 - 405.00 410.00
MCX LEAD JAN 115.75 11.09.14 DOWN 128.95 - 120.00 124.00
MCX ZINC JAN 134.70 30.10.14 UP 141.30 132.00 130.00
MCX NICKEL JAN 971.30 24.12.14 SIDEWAYS
MCX ALUMINUM JAN 113.85 18.12.14 SIDEWAYS
MCX CRUDE OIL FEB 3109.00 21.08.14 DOWN 5745.00 - 3400.00 3700.00
MCX NATURAL GAS JAN 184.00 04.12.14 DOWN 226.80 - 200.00 215.00
TREND SHEET
Closing as on 08.01.15
COMMODITY
NEWS DIGEST
Bullion counter ended on a mixed note last week; started the week on a positive note, but gave
up most of the gains during the later part of the week due to rising greenback. Gold faces
resistance near 27450 levels. SPDR Gold Trust holdings had fallen to their lowest since late
2008 at 704.83 tonnes. Investors are worried about the economic and financial chaos of the
European Union, Russia and even other countries, which have increased safe haven demand for
gold. Russia has bought gold at an astounding rate of 130 tonnes in 2014, up 73 percent from
2013. The sharp fall in the Crude oil was halted last week as some short covering was seen at
lower levels. According to EIA “Crude supplies dropped last week, while stockpiles of gasoline
and distillate fuel, a category that includes heating oil and diesel, surged”. Refineries have
operated at over 90 percent of capacity for the last two months. Crude slumped by 48 percent
last year, the most since the 2008 financial crisis, as the U.S. pumped at the fastest pace in
more than three decades and the Organization of Petroleum Exporting Countries decided to
maintain its output ceiling. OPEC agreed to maintain its output quota at 30 million barrels a
day at a Nov. 27 gathering. Natural gas continued to plunge lower last week amid warm
weather concerns. Base metals prices traded in red on China growth concerns, except nickel,
which ended on a positive note on supply concerns.
During the previous week, a bearish momentum was seen over spices complex. Commodities
such as turmeric, jeera & cardamom declined the most owing to selling pressure & profit
booking from higher levels. Some of the other commodities such as Kapas fell on reports that
Cotton Corporation of India would sell through e-auction and Chana closed in the negative
zone due to weak demand. In the list of top gainers, gur futures scored the highest supported
by winter season demand amidst restricted supplies. Among oilseeds, palm oil prices gained
the most on the national bourse taking positive cues from the overseas markets. Malaysian
palm oil futures hit a near six-month high as monsoon flooding has disrupted harvesting and
logistics in some parts of Peninsular Malaysia. The Malaysian Meteorological Department has
raised its weather warning to an "orange stage" from a "yellow stage" which depicts heavy
rains.
WEEKLY COMMENTARY
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
COMMODITY UNIT 08.01.15 DIFFERENCEQTY. QTY.
BAJRA MT 20.00 20.00 0.00CASTOR SEED MT 245275.00 316611.00 71336.00CHANA MT 37619.00 34424.00 -3195.00CORIANDER MT 8796.00 9058.00 262.00COTTON (29MM) BALES 400.00 500.00 100.00GUARGUM MT 11037.00 11185.00 148.00GUARSEED MT 16740.00 16700.00 -40.00JEERA MT 3390.00 4277.00 887.00MAIZE MT 7657.00 9607.00 1950.00RAPE MUSTARD SEED MT 8348.00 10254.00 1906.00SOYABEAN MT 17058.00 15128.00 -1930.00SUGAR S (OLD) MT 969.00 690.00 -279.00TURMERIC MT 1342.00 0.00 -1342.00WHEAT MT 864.00 366.00 -498.00
01.01.15 COMMODITY UNIT 08.01.15 DIFFERENCE
QTY. QTY.
CARDAMOM MT 17.70 18.20 0.50
COTTON BALES 22400.00 26500.00 4100.00
GOLD KGS 33.00 33.00 0.00
GOLD MINI KGS 10.10 111.00 100.90
GOLD GUINEA KGS 29.64 27.21 -2.43
MENTHA OIL KGS 4691072.20 4682086.60 -8985.60
SILVER (30 KG Bar) KGS 10035.85 10035.85 0.00
31.12.14
•Bombay Stock Exchange has received capital market
regulator SEBI approval to launch its commodity
exchange.
•Forward Markets Commission gave approval to NCDEX
to launch both transferable and non-transferable
specific delivery forward contracts at a fixed price in
urad, tur, yellow peas, yellow soyabean meal, pepper,
RBD palmolein and bajra
•Derivatives marketplace CME Group, Inc. (CME)
announced the launch of physically delivered Gold Kilo
Futures contracts (contract code GCK) to begin trading
on January 26, 2015, pending all regulatory review
periods.
•Sugar production in the current 2014-15 sugar season
till 31st December, 2014, is 74.61 lakh tonnes. Last
year during the corresponding period, it was 58.63 lakh
tonnes.
•Gold imports for most parts of 2014, imports of the
precious metal are projected to have increased 8.5% to
849 tonne in the year compared to 2013.
•China's Consumer Price Index (CPI) gained 1.5 percent
in December as compared to a rise of 1.4 percent in
November.
•Nickel Asia Corp, the Philippines's biggest producer ore
sales rose 38percent in the first nine months, boosting
profit more than fourfold to a record.
•US Initial claims for state unemployment benefits
slipped by 4,000 to a seasonally adjusted 294,000 for
the week ended Jan. 3.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
®
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
3.79
2.772.38
1.981.67
-11.50
-9.91
-5.98
-3.34 -3.27
-14.00
-12.00
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
KAPASKHALI NICKEL MINI CPO SILVER GOLD PETAL (DEL)
BR. CRUDE OIL CRUDE OIL NATURAL GAS ZINC CARDAMOM
CHANGE(%)3.28 3.272.92
2.40 2.38
-9.37
-3.87
-2.24 -2.13
-1.38
-12.00
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
GUR NEW SILVER HEDGE 5 KGS
SOYA OIL GUAR SEED 2 MT
CRUDE PALM OIL CRUDE OIL TURMERIC JEERA COPPER KAPAS
CHANGE(%)
COMMODITY
COMMODITY EXCHANGE CONTRACT 08.01.15 CHANGE%
ALUMINIUM LME 3 MONTHS 1832.00 1832.00 0.00
COPPER LME 3 MONTHS 6255.00 6104.00 -2.41
LEAD LME 3 MONTHS 1870.00 1851.00 -1.02
NICKEL LME 3 MONTHS 14830.00 15550.00 4.86
ZINC LME 3 MONTHS 2205.00 2160.00 -2.04
GOLD COMEX FEB 1186.20 1208.50 1.88
SILVER COMEX MAR 15.77 16.39 3.91
LIGHT CRUDE OIL NYMEX FEB 52.69 48.79 -7.40
NATURAL GAS NYMEX FEB 3.00 2.93 -2.53
02.01.15
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
08.01.15
ALUMINIUM 4216850 4184400 -32450
COPPER 172250 178675 6425
NICKEL 412704 415812 3108
LEAD 222000 221975 -25
ZINC 694900 680850 -14050
31.12.14
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 02.01.15 08.01.15 CHANGE(%)
Soya CBOT JAN Cent per Bushel 1007.50 1048.25 4.04
Maize CBOT MAR Cent per Bushel 395.75 394.25 -0.38
CPO BMD MAR MYR per MT 2283.00 2369.00 3.77
Sugar LIFFE MAR 10 cents per MT 379.10 392.20 3.46
13
®
SPOT PRICES (% change)
Contract Specifications
0
2000
4000
6000
8000
10000
12000
14000
0
20000
40000
60000
80000
100000
120000
140000
160000
6-Jan-15 7-Jan-15 8-Jan-15
Volume (In Lots) OI (In Lots)
6-Jan-15 7-Jan-15 8-Jan-15
Volume (In Lots) 98372 137912 99325
OI (In Lots) 8202 9270 11950
Volume & Open interest of Crude mini futures on MCX
Source: MCX
Crude Oil Mini future in MCX
The leading commodity platform MCX has launched a new futures contracts in Crude Oil Mini from January 06, 2015 for the benefit of small hedgers and traders. Currently, the contracts expiring in the months of January, February, March, April, May and June 2015 contracts will be available for futures trading from January 06, 2015 with modified contract specifications. Its ticker symbol will be CRUDEOILM.
-4.59
-2.15
-2.00
-1.28
-1.16
-1.15
-0.93
-0.81
-0.15
-0.09
-0.02
0.00
0.65
0.96
0.96
1.05
1.34
1.70
2.27
2.53
2.65
4.29
-6.00 -4.00 -2.00 0.00 2.00 4.00 6.00
MUSTARD (JAIPUR)
GUAR GUM (JODHPUR)
CHANA (DELHI )
CORIANDER (KOTA)
JEERA (UNJHA)
COTTON (KADI)
PEPPER MALABAR GAR (KOCHI)
MASOOR (INDORE)
WHEAT (DELHI)
COTTON SEED OIL CAKE (AKOLA)
BARLEY (JAIPUR)
GUAR SEED (JODHPUR)
SUGAR (KOLKATA)
CRUDE PALM OIL (KANDLA)
RAW JUTE (KOLKATA)
CHILLI (GUNTUR)
MENTHA OIL (BARANBAKI)
GUR (MUZAFFARNGR.)
SOYABEAN (INDORE)
SILVER 5 KG (DELHI)
TURMERIC (NIZAMABAD)
REFINED SOYA OIL (INDORE)
The lower lot size will lead to lower margin, thus the mini contract in crude oil would suit the hedging needs of small market players, who find it difficult to meet the high margin requirements of contracts with larger lot sizes. The crude oil futures in MCX are traded in rupee term, thus mitigating the currency risk. the price risk associated with large number of crude oil derivatives such as bitumen, furnace oil, asphalt, naphtha are in sync with the crude oil prices. Small industries which are using these byproducts can use this contract to hedge their risks effectively.
Oil prices were heading for a seventh weekly loss on January 09, 2015, with key producers showing no signs of cutting output in the face of a global supply glut. Crude slumped by 48 percent last year, the most since the 2008 financial crisis, as the U.S. pumped at the fastest pace in more than three decades and the Organization of Petroleum Exporting Countries decided to maintain its output ceiling.
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 63.74 63.93 62.82 62.94
EUR/INR 76.35 76.35 73.98 74.04
GBP/INR 98.35 98.35 94.56 94.80
JPY/INR 52.54 53.83 52.44 52.52
(Source: Reliable Software, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
News Flows of last week
07th Jan Euro zone consumer prices fell by more than expected in December
07th Jan The U.S. trade deficit fell to an 11-month low in November
08th Jan The Bank of England kept interest rates unchanged at 0.5 percent
08th Jan The number of Americans filing new claims for unemployment benefits fell last week
08th Jan Dollar hit a nine-year high, lifted by the Federal Reserve's confidence in the U.S. economy
08th Jan China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December.
08th Jan The euro wallowed near a nine-year low against dollar
EUR/INR (JAN) contract closed at Rs 74.07 on 08th January'15. The contract made its high of 76.35 on 05th January'15 and a low of 73.98 on 08th January'15 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at 76.47.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 25.31. Technically, the pair has given break down below its previous lows and fell sharply from there. Now once again selling pressure is seen mounting in the pair. However the oversold RSI is indicating a minor pull back which suggest that sell on rise will be more appropriate. So, one can sell on bounce around 74.90 for a target of 73.80 with the stop loss of 75.50.
` `
`
JPY/INR (JAN) contract closed at 52.52 on 08th January'15. The contract made its high of 53.83 on 06th January'15 and a low of `52.44 on 08th January'15 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at 53.07.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 43.31. Technically, the pair went into consolidation and has given range bound moves in the week gone by. However prices could not manage to hold above 14EMA which suggest that in coming week pair may trade under pressure. Moreover, negative divergence in RSI is also indicating towards downside. So, one can sell below 52.25 for a target of 51.25 with the stop loss of 53.80.
`
Market Stance
In the week gone by, Indian Rupee zoomed up versus dollar to nearly four week
high on back of strong gains in local stocks and dollar sales by exporters.
However, the recent negative development in global markets somehow
capped the sharp gains along with strong dollar against other major peers. In
overseas market, Euro fell past 1.18 as against dollar to hit 9 year low as
investors braced for inflation data that should give doves at the European
Central Bank a clear mandate for bolder policy stimulus. Moreover, India's
bond markets have rallied since last year on expectations the Reserve Bank of
India will start cutting interest rates as early as February due to sharply easing
inflation.
EUR/INR
USD/INR (JAN) contract closed at 62.94 on 08thJanuary '15. The contract made its high of `63.93 on 06th January'15 and a low of 62.82 on 08thJanuary'15 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at 63.42.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 46.32. Technically the pair has formed double top formation at 64.15 levels and given sharp correction from its uptrend. Now, this sharp fall in previous two sessions suggest that pressure may remain intact in coming sessions as well. So any bounce in the pair may be good opportunity to sell. So, one can sell around 63.00 for the downside target of 62.00 with the stop loss of 63.60.
``
`
GBP/INR (JAN) contract closed at 94.80 on 08th January'15. The contract made its high of 98.35 on 05th January'15 and a low of 94.56 on 08th January'15 (Weekly Basis). The 14-day Exponential Moving Average of the GBP/INR is currently at 97.63.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 26.35. Technically, the pair has given sharp breakdown and went well below its previous lows. Now, from current levels we expect that pair may remain under pressure tailing its previous falls. So, one can sell around 95.40 for a target of 94.20 with the stop loss of 96.00.
``
`
USD/INRTechnical Recommendation
GBP/INR JPY/INR
Economic gauge for the next week
Date Currency Event PREVIOUS
13th Jan GBP Core Consumer Price Index (YoY) (Dec) 1.20%
13th Jan GBP Consumer Price Index (YoY) (Dec) 1%
14th Jan USD Retail Sales (MoM) (Dec) 0.70%
16th Jan EUR Consumer Price Index - Core (YoY) (Dec) 0.70%
16th Jan EUR Consumer Price Index (YoY) (Dec) 0.30%
16th Jan USD Consumer Price Index (YoY) (Dec) 1.30%
16th Jan USD Consumer Price Index Ex Food & Energy (YoY) (Dec) 1.70%
14
®
IPO
IPO NEWSIPO NEWS
SEBI proposes e-IPO norms
To boost fund raising from markets, the Securities and Exchange Board of India, proposed e-IPO norms where investors can bid for shares through Internet and eventually on mobiles, while already listed public sector undertakings (PSUs) will be provided a 'fast-track' route for share sales to meet the disinvestment targets. For already listed companies as well, the market regulator has proposed a fast-track route for raising of funds through FPOs (follow-on public offers) or rights offers (where funds can be raised from existing shareholders). Under the new norms, SEBI has proposed to drastically cut the timeline for listing of shares within 2-3 days of the IPO, as against 12 days currently. SEBI has invited public comments till January 30, after which it would put in place final norms for e-IPO as also for fast-track issuances.
SEBI asks for clarification from Videocon d2h for its proposed ̀ 700 crore IPO
Direct to home (DTH) operator Videocon d2h has been in the news for its proposed ̀ 700 crore initial public offer (IPO) for long and now the Securities and Exchange Board of India (SEBI) has asked for clarifications from the merchant banker of the DTH operator. While the last date on which communication by SEBI was issued or received was 2 January, the board, today, without disclosing the details said that the clarifications from lead manager (LM) are still awaited. The observations on the draft offer document may be issued by the board within 30 days from “the date of receipt of satisfactory reply from the lead merchant bankers, where the board has sought any clarification or additional information from them,” reads SEBI notice. It was on 30 September that the board received the draft offer from Videocon d2h through its lead manager Axis Capital.
Central Depository Services plans ̀ 400 crore IPO
Central Depository Services (CDSL) has initiated the process to launch an initial share sale. Its major shareholder BSE and a clutch of banks want to sell 25-30% in the share depository for `300-400 crore in a public offering, said two sources close to the development. If the stake sale happens at the expected price, it would value CDSL at approximately `1,200 crore. he stakeholders are seeking premium valuations due to regulatory restrictions in setting up such a new venture and the oligopolistic nature of depository operations in India. Promoters of CDSL and top officials of the depository had met some time ago to discuss the valuations and other details, the sources said. In addition to BSE, other large shareholders of CDSL include Standard Chartered Bank, HDFC Bank, State Bank of India and Canara Bank, among others.
AGS Transact Technologies set to file for IPO
AGS Transact Technologies, partly owned by US private equity firm TPG Capital, is set to file an application for an initial public offering to raise up to $200 million, three people with direct knowledge of the matter said. AGS has mandated Citigroup and domestic investment banks Kotak Mahindra Capital, ICICI Securities, and Axis Capital to manage the issue, said the people who declined to be named as they were not authorized to speak to the media. The company, which supplies and maintains ATMs (automated teller machines), is expected to benefit from India's push to expand banking services to more people and small businesses, such as by issuing new banking licences to companies.
Indian firms line up IPOs worth ̀ 8,000 crore
Indian companies have lined up initial public offers (IPOs) worth at least ̀ 8,000 crore in 2015 to fund business expansion and meet working capital requirements on expectations that the bullish trend in the stock markets would continue. Videocon D2H, Lavasa Corporation, Adlabs Entertainment, Rashtriya Ispat Nigam Ltd (RINL) and MEP Infrastructure Developers are among the firms that are planning to launch public offers in the coming months. At present, seven companies are planning to raise ̀ 2,965 crore and have Sebi's approval. Another 12 firms, intending to mop-up ̀ 5,362 crore, have filed draft documents with the capital market watchdog and are awaiting approval. Most of the companies plan to garner funds for business expansion and to support working capital requirements.
SME: Raghuvansh Agrofarms to raise ̀ 3.96 cr via IPO
Raghuvansh Agrofarms has come out with its public issue of 36 lakh equity shares of face value of ̀ 10 each for cash at a price of ̀ 11 per equity share, aggregating to `3.96 crore. The issue is going to open for subscription on January 09 which is scheduled to close on January 13, 2015. The equity shares offered through the prospectus are proposed to be listed on the SME Platform of the BSE. Raghuvansh Agrofarms, a unique initiative in the agri-dairy products line, aims to spend IPO money for construction of 1000 M3 capacity of bio-gas plant for power generation; investment in subsidiary companies (Sanjeevani Fertilizers and Chemicals Private Limited and Kanpur Organics Private Limited); and general corporate purposes. Sobhagya Capital Options Limited is the book running lead manager to the issue. Skyline Financial Services Private Limited is the registrar to the offer.
Amsons Apparels lists at ̀ 7.60, down 25%
The equity share of Amsons Apparels listed at ̀ 7.60, down around 25 percent on Tuesday against its issue price of ̀ 10 on the SME platform of Bombay Stock Exchange (BSE). Amsons Apparels is currently engaged in the business of trading of fabrics. It is a multi-product fabric trading company and having range includes fabrics for Silk, Polyester, Lace Fabrics, Netting Fabrics, Coarse Cotton Fabric, suiting, shirting, linen, jute and other fabrics. The main objective of the issue was to part-finance incremental working capital requirements and for the general corporate expenses.
Micromax plans up to $500 million IPO
Micromax Informatics, India's second-largest smartphone maker, plans to raise as much as USD 500 million through a stock market listing in its financial year beginning in April. Micromax, which entered the Indian handset market in 2008 with cheap large-screen phones, will sell a minority stake in its initial public offering of shares. The company has shortlisted Morgan Stanley and Goldman Sachs to manage the offering, the report said, adding that Micromax expects a valuation of 14 times its operating profit. The company, backed by private equity firms TA Associates and Sequoia Capital, had hired banks in 2010 for an IPO to raise as much as USD 150 million but scrapped the plan a year later, citing poor market sentiment. Its main rivals in the world's fastest-growing smartphone market include Samsung Electronics, Motorola and China's Xiaomi. In the September quarter India's smartphone market grew by 64 percent. Samsung dominated with a 25 percent market share, followed by Micromax at 20 percent, according to research agency Counterpoint Research.
*Closing prices as on 08-01-2015
IPO TRACKER
Monte Carlo Fashions Textile & Apparel 1126.59 350.43 19-Dec-14 645 585.0 511.35 -20.72
Shemaroo Ent. Entertainment 510.89 120 1-Oct-14 170.00 180.0 186.50 9.71
Sharda Cropchem Agro Chemical 2354.30 351.86 23-Sep-14 156.00 254.10 259.50 66.35
Snowman Logistic Miscellaneous 1591.26 197.40 12-Sep-14 47.00 78.8 94.80 101.70
Wonderla Holidays Entertainment 1873.00 181.25 9-May-14 125.00 164.8 314.20 151.36
Company Sector M.Cap(In `Cr.) Issue Size(in `Cr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)
*
15
®
FIXED DEPOSIT MONITOR
• 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 [email protected]
FIXED DEPOSIT COMPANIES
PERIOD MIN.ADDITIONAL RATE OF INTEREST (%)
S.NO (NBFC COMPANY -NAME)12M 18M 24M 36M 45M 48M 60M 84M INVESTMENT
1 ANSAL HOUSING & CONSTRUCTION LTD. 11.00 - 11.00 11.50 - - - - - CUM-20000/-,
NON CUM-40000/-
2 BAJAJ FINANCE LTD. 9.25 9.75(15M) 9.40 9.65 - 9.25 9.25 - 0.25% FOR SR. CITIZEN LOCATION WISE
3 CENT BANK HOME FINANCE LTD. 9.25 - 9.25 9.25 9.25 9.25 9.25 0.50% EXTRA FOR SR. CITIZEN 5000/-
4 DEWAN HOUSING FINANCE CORPORATION LTD 13M=9.75% 14M=9.75% 40M=9.85% 0.40% EXTRA FOR SR. CITIZEN,WIDOW, 13M=50000;
ARMED, PERSONNEL, EXISTING DHFL HOME 14M=10000;
BORROWERS & DHFL SHARE HOLDERS, 40M=2000
FOR 13M=0.45% EXTRA FOR DEPOSIT 50 LAC
AND ABOVE, 14M & 40M=0.25% EXTRA ON
50LAC & ABOVE
5 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 9.50 - 9.75 9.75 - 9.60 - 9.60 0.40% FOR SR. CITIZEN, WIDOW, ARMED 10,000/-
PERSONNEL, EXISTING DHFL HOME
BORROWERS & DHFL SHARE HOLDERS,
0.25% FOR DEPOSIT RS.50 LAC & ABOVE
6 GATI LTD. (ONLY RENEWAL) 11.00 - 11.50 12.00 - - - - 0.50% EXTRA FOR SR. CITIZEN & SHAREHOLDERS 21000/-
7 GRUH FINANCE LTD. 9.00 - 8.75 8.50 - 8.50 8.25 8.00 0.25% FOR SR. CITIZEN & TRUST 1000/-
8 HDFC PREMIUM DEPOSIT (UPTO RS. 5 CR.) 30M=9.35 22M=9.40 44M=9.40 -0.25% FOR SR. CITIZEN 20000/-, 40000/-
IN MONTHLY
9 HDFC LTD FOR IND & TRUST (UPTO RS. 5 CR.) 9.25 - 9.25 9.30 - 9.30 9.30 - 0.25% FOR SR. CITIZEN.
10 HUDCO LTD. 9.15 - 9.00 9.00 - 8.75 8.75 8.50 0.25% FOR SENIOR CITIZEN 10000/-
11 KERALA TRANS DEVELOP FINANCE CORP LTD 10.00 - 10.00 10.00 - 9.75 9.75 - 0.25% EXTRA FOR SR. CITIZEN & 0.25% 10000/-
EXTRA IF APP AMOUNT IS RS. 25 LAC & ABOVE
12 J K TYRE & INDUSTRIES LTD. 9.00 - 9.25 9.50 - - - - 0.50% EXTRA FOR SR. CITIZEN 25000/-
13 J K LAKSHMI CEMENT LTD. 9.00 - 9.25 9.50 - - - - - 25000/-
14 LIC HOUSING FINANCE LTD. 8.90 8.90 9.00 9.20 - - 9.40 - 0.25% FOR SR. CITIZEN IF APP ABOVE 10000/-
RS. 50,000/- & 0.10% IF APP UPTO RS. 50,000/-
15 M&M FINANCIAL SERVICES LTD 9.00 9.25 9.50 9.75 - 9.25 9.25 - 0.25% FOR SR. CITIZEN 10000/-
16 OMAXE LTD. 11.50 - 12.00 12.50 - - - - - 50000/-
17 PRISM CEMENT LTD. 10.25 - 10.25 - - - - - - 10000/-
18 PNB HOUSING FINANCE LTD. 9.25 - 9.25 9.25 - 9.25 9.15 9.15 0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE 20000/-
19 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 9.25 - 9.75 10.50 - 10.50 10.50 - 0.25% EXTRA FOR SR. CITIZEN 5000/-
20 SHRIRAM CITY UNION SCHEME 9.25 - 9.75 10.50 - 10.50 10.50 - 0.25% EXTRA FOR SR. CITIZEN 5000/-
21 SRS LTD. 12.00 - 12.25 12.50 - - - - - 30000/-
(FOR TRUST ONLY)
16
®
MUTUAL FUND
NEWS
ICICI Prudential MF introduces Capital Protection Oriented Fund - Series VII - 1288 Days Plan F
ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Capital Protection Oriented Fund - Series VII - 1288 Days Plan F, a
close ended income scheme. The NFO opens for subscription on Jan 08, 2015 and closes on Jan 22, 2015. The investment objective of the scheme is to
protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital
appreciation by investing the balance in equity and equity related securities. The debt securities would mature on or before the maturity of the
Scheme
ICICI Prudential Mutual Fund files offer document with SEBI
ICICI Prudential Mutual Fund has filed offer document with SEBI to launch a close ended equity scheme as ICICI Prudential India Recovery Fund-Series 1
to 3. The New Fund Offer price is `10 per unit. The investment objective of the scheme is to provide capital appreciation by investing in equity and
equity related securities that are likely to benefit from recovery in the Indian economy
Baroda Pioneer MF introduces Credit Opportunities fund
Baroda Pioneer Mutual Fund has launched the New Fund Offer (NFO) of Baroda Pioneer Credit Opportunities Fund, a close ended income scheme. The
NFO opens for subscription on Jan 08, 2015 and closes on Jan 21, 2015. No entry load or exit load will be applicable for the scheme. The minimum
subscription amount is ̀ 5000 and in multiples of Re 1 thereafter. The investment objective of the scheme is to generate returns by investing in debt and
money market instruments across the credit spectrum.
Union KBC Mutual Fund files offer document for Union KBC Trigger Fund- Series 2 fund
Union KBC Mutual Fund has filed offer document with SEBI to launch a Close-ended Equity Scheme as Union KBC Trigger Fund- Series 2. The New Fund
Offer price is ̀ 10 per unit. The investment objective of the scheme is to generate capital appreciation by investing in a portfolio of equity and equity
related securities, predominantly constituted of Companies in S&P BSE 200 Index.
Reliance MF introduces Fixed Horizon Fund XXVIII
Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund XXVIII- Series 3, a close ended income scheme. The NFO
opens for subscription on Jan 07, 2015 and closes on Jan 08, 2015. The investment objective of the scheme is to generate returns and growth of capital
by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting
interest rate volatility-Central and State Government securities and Other fixed income/ debt securities
HDFC MF introduces FMP 1115D JANUARY 2015 (1)
HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 1115D JANUARY 2015 (1), a close ended income scheme. The NFO opens for
subscription on Jan 1, 2015 and closes on Jan 13, 2015. No entry load or exit load will be applicable for the scheme. The minimum subscription amount
is `5000. The investment objective of the scheme is to generate income through investments in Debt / Money Market Instruments and Government
Securities maturing on or before the maturity date of the respective Plan(s).
17
®
NFOs WATCH
Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager MinimumOpens on Closes on Amount
18-Dec-2014 20-Mar-2015 Close-Ended Growth `5000Sundaram Long Term Tax Advantage Fund - Series - I - Regular Plan (G)
S Krishnakumar
/ Dwijendra
Srivastava
To generate capital appreciation over a
per iod of ten years by invest ing
predominantly in equity and equity-related
instruments of companies along with income
tax benefit. However, there is no guarantee
or assurance that the investment objective of
the scheme will be achieved.
01-Nov-2014 31-Jan-2015 Close-Ended Growth `500SBI Long Term Advantage Fund - Series I - Regular Plan (G)
Dinesh Ahujato generate capital appreciation over a
per iod of ten years by invest ing
predominantly in equity and equity-related
instruments of companies along with income
tax benefit. However, there can be no
assurance that the investment objective of
the Scheme will be realized
18
MUTUAL FUND Performance Charts
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
Sundaram SMILE Fund - Reg - Growth 68.25 15-Feb-2005 675.07 18.77 34.10 113.80 41.57 21.41 3.16 1.09 0.37 1.88 71.58 23.81 2.73
SBI Small & Midcap Fund - Growth 28.76 09-Sep-2009 144.26 21.09 42.05 106.59 43.30 21.90 2.42 0.83 0.52 -- 61.14 34.93 3.92
DSP BlackRock Micro Cap Fund - Reg - G 37.11 14-Jun-2007 1623.67 18.38 34.64 100.94 42.37 18.90 2.55 0.75 0.48 -- 74.47 20.58 4.95
Birla Sun Life Pure Value Fund - G 38.05 27-Mar-2008 341.17 15.42 15.29 99.37 39.62 21.75 3.14 1.04 0.43 19.00 54.80 15.91 10.28
Canara Robeco Emerging Equities - G 55.89 11-Mar-2005 169.29 16.03 28.25 96.93 43.30 19.19 2.59 0.89 0.41 7.18 78.27 10.46 4.09
Reliance Small Cap Fund - Growth 24.55 16-Sep-2010 1281.99 12.75 29.23 96.28 45.75 23.14 2.66 0.78 0.53 6.08 54.12 24.24 15.56
Franklin India Smaller Companies Fund - G 36.81 13-Jan-2006 1506.55 14.93 30.09 90.73 47.21 15.60 2.29 0.80 0.48 15.91 59.20 12.20 12.69
EQUITY (Diversified)
BALANCED
INCOME FUND
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 08/01/2015Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
ULTRA SHORT TERM
SHORT TERM FUND
Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns
Due to their inherent short term nature, Short term funds and Ultra short term funds have been sorted on the basis of 6month and 3month returns respectively
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
HDFC Prudence Fund - Growth 372.39 01-Feb-1994 7604.92 6.35 10.22 52.63 25.14 20.34 2.14 0.14 39.96 27.07 4.84 28.13
HDFC Balanced Fund - Growth 104.76 11-Sep-2000 2658.93 9.85 15.76 50.91 26.57 17.81 1.59 0.24 32.81 35.41 1.13 30.65
Birla Sun Life 95 - Growth 547.95 10-Feb-1995 1058.09 12.07 17.96 50.76 24.79 22.26 1.69 0.18 41.85 31.81 -- 26.33
Tata Balanced Fund - Plan A - Growth 157.95 08-Oct-1995 1437.90 10.03 16.93 49.79 27.15 17.27 1.65 0.20 44.57 27.82 1.34 26.28
Franklin India Balanced Fund - Growth 86.29 10-Dec-1999 307.10 11.97 21.08 48.75 24.53 15.35 1.52 0.19 53.94 13.75 -- 32.31
DSP BlackRock Balanced Fund - Growth 104.93 27-May-1999 559.34 11.91 20.08 47.77 21.43 16.23 1.76 0.10 43.93 26.00 3.14 26.93
Canara Robeco Balance - Growth 108.81 01-Feb-1993 268.60 10.19 17.11 47.56 24.13 11.68 1.74 0.15 33.17 32.91 5.12 28.80
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. SharpeMaturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
ICICI Prudential LTP - Reg - Cumulative 31.07 28-Mar-2002 133.64 13.68 21.26 10.85 20.15 19.30 12.37 9.27 19.41 0.31 4398.25 8.14
ICICI Prudential Income Fund -Growth 42.77 09-Jul-1998 3068.99 3.32 16.34 6.73 17.98 16.55 8.77 9.20 47.75 0.02 5580.86 8.15
Birla Sun Life Income Plus - DAP 15.50 06-Mar-2009 3443.91 2.29 13.66 5.73 18.65 15.64 9.30 7.78 41.02 0.04 N.A 8.32
Birla Sun Life Income Plus - Reg - G 61.43 21-Oct-1995 3443.91 2.29 13.66 5.73 18.65 15.64 9.29 9.90 41.02 0.04 N.A 8.32
HDFC Income Fund - Growth 31.14 11-Sep-2000 2354.28 1.96 12.57 4.96 16.85 15.29 8.77 8.25 39.60 0.03 4707.59 8.40
UTI Bond Fund - Growth 40.81 04-May-1998 2229.83 3.96 14.75 8.80 16.17 15.23 9.69 8.79 31.07 0.06 N.A N.A
IDFC SSIF - Invt Plan - Reg - Growth 33.16 14-Jul-2000 1576.00 8.57 15.26 6.32 18.68 15.07 9.87 8.62 38.05 0.05 5288.86 8.20
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Birla Sun Life Dynamic Bond F - Ret - G 23.78 24-Sep-2004 9638.23 3.29 14.71 9.03 16.52 14.52 10.46 8.78 23.06 0.13 N.A 8.20
Birla Sun Life Treasury Optimizer Plan - DAP 157.18 22-Jun-2009 2459.69 3.95 12.03 6.24 12.08 12.20 10.11 8.49 7.24 0.42 N.A 8.57
Birla Sun Life Treasury Optimizer Plan - Ret - G 254.59 19-Apr-2002 2459.69 3.83 11.96 6.18 12.06 12.28 10.33 7.62 7.20 0.45 N.A 8.57
Franklin India STIP - Growth 2805.18 31-Jan-2002 9904.35 6.52 12.48 6.97 11.77 11.60 10.20 8.29 12.37 0.23 945.35 10.49
IDFC SSIF - MTP - Plan F - Growth 15.14 10-Feb-2010 2200.48 6.79 10.62 5.10 11.40 11.00 9.10 8.82 16.35 0.08 1460.00 8.65
IDFC SSIF - MTP - Reg - Growth 23.05 08-Jul-2003 2200.48 6.64 10.43 4.92 11.21 10.71 8.70 7.52 16.36 0.05 1460.00 8.65
Birla Sun Life Medium Term Plan - Reg - G 16.63 25-Mar-2009 3499.42 6.28 10.46 7.44 10.99 11.87 11.05 9.18 12.71 0.28 N.A 10.77
Annualised
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 3M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Franklin India Low Duration Fund - G 15.02 26-Jul-2010 2721.32 9.11 10.40 8.51 9.64 10.10 9.92 9.56 4.04 0.58 229.95 9.68
ICICI Pru Ultra Short Term Plan - Ret - G 14.99 12-Jun-2009 2251.73 6.62 8.90 6.85 9.47 9.42 8.80 7.52 6.33 0.23 204.18 8.55
DWS Cash Opportunities Fund - Growth 18.30 22-Jun-2007 376.87 9.07 9.62 7.71 9.47 9.40 9.48 8.33 4.60 0.40 229.95 9.90
Birla Sun Life Floating Rate Fund - LTP - Ret - G 237.42 05-Jun-2003 1045.73 7.65 7.87 7.03 9.24 9.47 9.57 7.74 3.86 0.52 N.A 8.67
LIC Nomura MF Savings Plus Fund - G 21.05 29-May-2003 530.81 7.47 9.01 6.03 9.22 8.49 8.47 6.61 3.37 0.32 N.A 8.24
Birla Sun Life Savings Fund - Ret - DAP 150.90 23-Jun-2009 10908.80 8.50 8.52 7.24 9.14 9.51 9.17 7.70 4.03 0.46 N.A 8.82
Birla Sun Life Savings Fund - Ret - G 255.09 27-Nov-2001 10908.80 8.49 8.52 7.25 9.13 9.57 9.43 7.40 4.02 0.50 N.A 8.82
Annualised
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Mr. D K Aggarwal (CMD, SMC Real Estate Advisors Pvt. Ltd.) while receiving the “Corporate Broker of the Year- National” award during the 'Franchise India - 7th Annual Real Estate Awards 2014' held at the Hotel Leela, Gurgaon on 22nd Dec, 2014.
Mr. D K Aggarwal (CMD, SMC Real Estate Advisors Pvt. Ltd.) while giving away the awards to other winners during 'Franchise India - 7th Annual Real Estate Awards 2014'
