wise m ney - smc trade online · 2016. 12. 30. · • godrej properties has entered into...
TRANSCRIPT
WISE M NEYA Weekly Update from SMC
(For private circulation only)
5TH JANUARY, 2016
350th Birth Anniversary of Guru Gobind Singh
2017: Issue 560, Week: 02nd -05th January
Bra
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2016 2016 2015
tr e han
s i x d e c a d e s o f e x c e l l e n c e .
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From The Desk Of Editor
(Saurabh Jain)
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.
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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.
arket across the globe fell slightly on the final trading day of the year, which is a
further indication that risk appetite has faltered going into 2017. The year gone Mby was a year of patchy recovery in the global economy; unexpected things per se
including BREXIT, outcome of US election, and many more continue to raise concern among
the market participants. The reversal in the monetary stance of the US Fed and uncertainty
over potential fiscal policies to be adopted by US President-elect Donald Trump has spooked
the confidence of the market participants. Now market participants will closely track
policies of newly elected US president and the outcome of the elections in some European
countries. The Chinese stock market continued to linger due to lack of policy clarity from
regulators and the weakness of the nation's currency, Yuan.
On the domestic market front, market ended the final trading day on a positive note
tracking firm global cues. The bull got boosted after Finance Minister Arun Jaitley said that
government tax collection has gone up sharply. While the global economic scenario is
expected to improve gradually, the adverse impact of demonetisation should subside as the
government is expected to be proactive in terms of policy actions both in and outside the
Budget. Post demonetization, many quality large-cap stocks have corrected and at present
these stocks are available at reasonable valuations. Now execution of policies will work
rather than any announcements. Sectors such as Oil and Gas, Power etc are likely to
perform well in the year 2017. Investors are advised to accumulate quality stocks with
strong balance sheets, good corporate governance and reasonable valuations.
On the commodity market front, commodities closed the last week of the year 2016 on a
positive note, CRB closed up near the level of 194. Gain in energy, base metals, bullion, oil
seeds and some other commodities strengthened the commodity indices. Bullion counter
may witness some short covering at lower levels amid profit booking in greenback. Gold can
face resistance of $1180 in COMEX and 28000 in MCX while it has support near $1120 in
COMEX and 26800 in MCX. Crude oil bullish momentum may persist further as
announcement of coordinated production cut by OPEC and Non OPEC producers may
continue to give support to the prices. Crude oil can trade in the range of 3550-3850 levels
in MCX. German Unemployment Change, German CPI, ISM Manufacturing, Change in Non-
farm Payrolls and Unemployment Rate of US, Unemployment Rate of Canada, Euro-Zone
CPI are some of the important data in holiday shortened week, which can give direction to
the commodity prices.
Wishing you a Happy New Year! We hope it's your best year ever.
Happy Investing!!!
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
FD Monitor 16
Mutual Fund 17-18
SMC GLOBAL SECURITIES LTD.
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NEWS
DOMESTIC NEWSCapital Goods• Bharat Heavy Electricals has commissioned another 600 MW coal based
thermal power plant in state of Telangana. The unit has been commissioned at the 2x600 MW Singareni Thermal Power Project located in Adilabad district in Telangana. The project has been developed by Singareni Collieries Company. This is the second 600 MW unit commissioned by BHEL at Singareni TPP. The first unit of the project was earlier commissioned in March 2016.
• GE Power India has been awarded a contract worth approximately `271.1 crore (i.e. approximately US $ 40 million) by Bharat Heavy Electricals (BHEL) to supply components and services for the supercritical steam generator island packages for 2x800 MW coal-based Uppur Thermal Power Project (contract value approximately 162.6 crore) and 1x800MW coal-based North Chennai Supercritical Thermal Power Project Stage-III (contract value approximately 108.5 crore). Both the thermal power projects are located in the southern state of Tamil Nadu.
Realty/ Construction• Godrej Properties has entered into partnership to develop a residential
group housing project in the prime locality of Bavdhan, West Pune. Spread over 5.5 acres, the project will offer approximately 52,000 square meters of saleable area and will be developed as a modern residential development comprising of apartments of various configurations. This is the company's 11th project in Pune.
• Civil engineering and EPC firm JMC Projects (India) Ltd has bagged new construction projects worth over 1,457 crore.
Pharmaceuticals• Lupin has received tentative approval for its Balasalazide Disodium Tablets,
1.1 gm from the United States Food and Drug Administration to market a generic version of Salix Pharmaceuticals Inc's Giazo® Tablets, 1.1 gm. The filling is from Lupin's Goa manufacturing facility.
Diamond, Gems & Jewellery• Rajesh Exports has bagged an export order worth 929 crore of designer range of
gold and diamond studded jewellery and medallions from UAE. The order is said to be completed by March 2017. With this order, the order book at the consolidated level stands at 36523 crore which is to be executed by March 2017.
Oil & Gas• Reliance Industries has commissioned the first phase of Para-xylene (PX)
plant at Jamnagar, Gujarat. The plant with capacity of 2.2 MMTPA is built with state-of-the-art crystallisation technology from BP which is high energy efficient and environment friendly. With the commissioning of this plant, the Company's PX capacity will more than double from 2.0 MMTPA to 4.2 MMTPA.
FMCG• ITC Ltd has raised the prices of two of its bestselling brands - Gold Flake and
Navy Cut. Both these brands which sold at 78 and 79 (depending on VAT) have now been priced at 89 and Rs 90 for a pack of 10.
Media & Entertainment• PVR has added the Unified Payment Interface (UPI) feature across its 122
locations in the country. UPI is a payment system that allows multiple bank accounts (of participating banks), several banking services features like fund transfer (P2P), and merchant payments in a single mobile application.
Automobile• Mahindra & Mahindra plans to increase prices of its vehicles by up to 26,500
from January as it looks to partially offset rising input costs. The ex-showroom prices of its small commercial vehicles (up to 3.5 tonnes) would also increase in the range of 1,500 to 6,000 from January.
Sugar• Balrampur Chini Mills has got environment clearance for expansion of its
Babhnan unit of distillery and co-generation power in Uttar Pradesh, entailing 72-crore investment. The company has proposed to increase the production capacity of its molasses-based distillery plant from 60 kilo litres per day to 100 kilo litres per day (KLD) along with co-generation power from 1 MW to 6.76 MW in Gonda district.
INTERNATIONAL NEWS• US initial jobless claims dipped to 265,000, a decrease of 10,000 from the
previous week's unrevised level of 275,000. The drop in jobless claims matched economist estimates. The modest decline came after jobless claims reached their highest level since the week ended June 11th in the previous week.
• US pending home sales index tumbled by 2.5 percent to 107.3 in November after inching up by 0.1 percent to a revised 110.0 in October. A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.
• Eurozone money supply annual growth accelerated sharply in November, defying expectations for a steady pace. The broad money measure, M3, rose 4.8 percent year-on-year following 4.4 percent increase in October. Economists had expected the pace of growth to remain unchanged.
• The European Central Bank said the troubled Italian lender Monte dei Paschi di Siena needs about EUR 8.8 billion, or $9.2 billion, bailout. It was previously estimated that the world's oldest surviving bank required EUR 5 billion to deal with a capital shortfall. The lender failed to raise the amount within the time provided by the ECB.
• Hong Kong's exports increased unexpectedly in November after falling in the previous month. The value of exports grew 8.1 percent year-over-year in November, reversing a 1.8 percent drop in October. Meanwhile, economists had expected exports to fall further by 1.0 percent.
• Industrial output in Japan advanced 1.5 percent on month in November. That missed forecasts for an increase of 1.7 percent following the flat reading in October.
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Ex-Date Company Purpose
4-Jan-17 JSWSTEEL FV Split From Rs 10 To Re 1
5-Jan-17 SASKEN Buyback
5-Jan-17 HEXAWARE Buyback
12-Jan-17 OIL Bonus 1:3
Meeting Date Company Purpose
4-Jan-17 NBCC (INDIA) Bonus
5-Jan-17 Jagran Prakashan Buyback
5-Jan-17 GM Breweries Results
6-Jan-17 Apar Industries Buyback
7-Jan-17 Manaksia Industries Results
13-Jan-17 Goa Carbon Results/Others
13-Jan-17 Infosys Results
13-Jan-17 IL&FS Transportation Networks Results
13-Jan-17 Gruh Finance Results
17-Jan-17 Can Fin Homes Results
18-Jan-17 Hindustan Media Ventures Results
18-Jan-17 Phillips Carbon Black Results
19-Jan-17 Axis Bank Results
21-Jan-17 Amara Raja Batteries Results
21-Jan-17 Persistent Systems Results
21-Jan-17 Navin Fluorine
International Results
24-Jan-17 Biocon Results/Others
24-Jan-17 PNB Housing Finance Results
24-Jan-17 HT Media Results
24-Jan-17 HDFC Bank Results
25-Jan-17 IDFC Bank Results/Others
25-Jan-17 Rane Engine Valve Results
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
S&P BSE SENSEX 26626 DOWN 18.11.16 25627 27000 27554
NIFTY50 8186 DOWN 18.11.16 7850 8300 8450
NIFTY IT 10399 UP 30.12.16 10399 10000 9800
NIFTY BANK 18177 DOWN 25.11.16 18507 18800 19200
ACC 1331 Down 21.10.16 1566 1370 1400
BHARTIAIRTEL 306 Down 12.08.16 348 320 325
BHEL 121 Down 14.10.16 133 130 135
CIPLA 569 Down 04.11.16 545 580 590
SBIN 250 UP 02.12.16 254 250 240
HINDALCO 155 DOWN 23.12.16 159 168 175
ICICI BANK 255 UP 21.10.16 277 255 250
INFOSYS 1011 DOWN 15.07.16 1073 1020 1040
ITC 242 Down 18.11.16 228 - 245
L&T 1349 Down 11.11.16 1389 1400 1430
MARUTI 5320 Down 11.11.16 5134 5400 5500
NTPC 165 UP 09.12.16 164 155 150
ONGC 191 UP 19.08.16 242 190 183
RELIANCE 1082 UP 30.12.16 1082 1030 1020
TATASTEEL** 391 UP 04.03.16 289 - 380
S/l
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Closing as on 30-12-2016* ITC has breached the resistance of 240**TATASTEEL has broken the support of 395
BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
FMCGHealthcare
Auto BankRealty
Cap GoodsCons Durable
Oil & GasPower
ITMetal
Down SidewaysUp
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
5
SMC Trend
Nifty Sensex BSE Midcap BSE Smallcap Nifty Junior S&P CNX 500
SMC Trend
FTSE 100CAC 40
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
-1460.65
-1099.84
-683.85 -526.38
1618.20
796.60
1423.30
-2000.00
-1500.00
-1000.00
-500.00
0.00
500.00
1000.00
1500.00
2000.00
Friday Monday Tuesday Wednesday Thursday
FII / FPI Activity MF Activity
5.034.74 4.71
4.113.75
-3.00 -2.86
-1.41 -1.39 -1.23
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
6.00
ITC Bosch B P C L IndusInd Bank Coal India Cipla Hindalco Inds. Sun Pharma.Inds.
GAIL (India) Power Grid Corpn
4.76
3.52 3.352.89
2.64
-3.17
-1.60 -1.55 -1.54
-0.75
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
6.00
ITC Coal India Hind. Unilever
Wipro TCS Cipla Sun Pharma.Inds.
GAIL (India) Power Grid Corpn
O N G C
1.48
1.25 1.221.34
1.70
1.48
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Next 50
S&P CNX 500
1.48
0.67
0.26
2.30
3.68
-0.05
1.66
0.91
1.39
0.17
-1.53
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
Auto Index Bankex Cap Goods Index
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index
Power Index Realty Index
-1.45
0.63
1.00
0.74
-0.56 -0.57-0.64
-0.45
-0.03
-2.00
-1.50
-1.00
-0.50
0.00
0.50
1.00
1.50
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.
FTSE 100 CAC 40
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
Beat the street - Fundamental Analysis
Above calls are recommended with a time horizon of 8 to 10 months. Source: Company Website Reuters Capitaline
6
TECHNO ELECTRIC & ENGINEERING COMPANY LTD CMP: 305.60 Upside: 17%Target Price: 357.00
Investment Rationale year. In EPC segment, the company is witnessing greater investment from its state and Power Grid ?Techno Electric & Engineering Company Corporation of India Limited. Ltd.(TEECL) is a leading provider of high quality
engineering, procurement and construction ?Focus on dynamic management of powers services to India's core sector industries; both in continues to provide the opportunity to the public and private domain. TEECL is well participate in more STATCOM (Static Synchronous positioned to lead India into the new age of rapid Compensator) addition going forward and the infrastructure development. management of the company expects states to play
a more dominant role towards investment in ?Financially sound and its debt to equity ratio is Transmission and Sub-Transmission Infrastructure. comparatively lower than the industry. Moreover,
its strong niche in substation EPC works and ability Valuationto compete with large MNCs has helped the Management is confident of the potential to expand company win contracts and deliver on the EPC segment as a result of capex revival, led by profitability and growth. PGCIL and SEBs, with strong visibility of traction in
?During the Q2FY17, it had reported that its order book and healthy revenue due to healthy trade consolidated revenue grew by 45% to `368 crores receivables. Moreover, the company is more or less against 253 crores achieved during the same able to manage the receivables within 100-days quarter of the previous year. Its revenue from EPC cycle, which is one of the best in the industry and its almost jumped by 47% from 202 crores to 297 focus remains to efficiently management of working crores and operating profit for the EPC segment capital to grow company with more profitability. for the quarter stood at 45.88 crores as against Thus, it is expected that the stock will see a price 33 crores, showing a jump of 38.56%. On target of 357 in 8 to 10 months time frame on an
consolidated basis, the PAT jumped by 58% for the expected P/E of 16x and FY18 (E) earnings of 22.32.quarter at Rs.70 crores against 44.5 crores and return on capital employed for EPC sector continues to be outstanding in the industry.
?The company is very strong footing in both EPC and Wind segment. Order book as on 30th September 2016 stood at 2,500 crores, which includes its L1 position in 765 kV Substation Package at Raigarh, Indore and Itarsi and the package value is about 150 crores and the company is continuously participating in various tenders and are hopeful of good conversion in current year.
?With the healthy order book position, the company is confident of achieving 30% growth in its EPC segment in the current and forthcoming financial year as envisaged at the beginning of the
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Face Value (`) 2.00
52 Week High/Low 360.00/209.05
M.Cap ( Cr.) 3489.41
EPS ( ) 15.32
P/E Ratio (times) 19.95
P/B Ratio (times) 3.49
Dividend Yield (%) 0.82
Stock Exchange BSE
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% OF SHARE HOLDING
P/E Chart
` in cr
Actual EstimateFY Mar-16 FY Mar-17 FY Mar-18
Revenue 1,091.00 1,461.50 1,797.80EBITDA 221.30 328.20 380.00EBIT 171.80 297.10 351.10Pre-tax Profit 165.00 259.90 299.20Net Income 116.20 206.10 253.80EPS 10.17 17.84 22.32BVPS 88.85 102.82 120.05ROE 12.00 18.30 19.40
VALUE PARAMETERS
Investment Rationale business will be largely on affordable housing.•Recently, company 's subsidiary has completed •The management continues to remain enthuse
acquisition of 24.5 per cent stake in India Home about the growth prospects of financial services Loan (IHL) on a preferential allotment basis. sector in India. Company's strategy will continue During May'16, company's JM Financial Products, to be deepening portfolio of financial services and subsidiary of the company, has executed the products, client centric focus, effective risk agreement to acquire securities representing up management and build a business model that is to 9.84 per cent on a fully diluted basis of the well diversified across financial market activities.total paid-up capital of Fairassets Technologies. Valuation
•During the quarter ended September 30th 2016, With the government's initiatives like 'Make in India' company completed six capital market and five campaign, affordable housing policy, liberalization of M&A transactions and continue to grow with a Insurance and pension sectors, boosting robust deal pipeline under execution. The AUM of infrastructure projects, NBFCs can also look for Wealth Management business stood at `21,895 growth in wholesale loans, asset financing, working crores excluding custody assets as on September capital loans, etc. Growing Indian economy creates 30th 2016. strong opportunities for business to grow. Several
•The overall lending book of the NBFC stood at initiatives and steps are being undertaken by the 8,479 crores as on September 30th 2016. Of the government to improve the business climate. Thus, it
said lending book, 73% comprises of real estate is expected that the stock may see a price target of lending which is 6,190 crores and 27%, which is 81 in 8 To 10 months time frame on a current P/BV of 2,289 crores represents corporate book and 1.68x and FY18 (E) BVPS of 48.29.
capital market book. •The capital adequacy of the business is at almost
27%, which is well above the minimum regulatory requirement and also reflects the low leverage of the group. The gross NPA ratio of the Financing business continued to be at 0.2% and cost-to-income ratio is at 14%.
•The Company plans to enter in the Housing Finance business. It has been working on this segment for the last 2 or 3 quarters. Company will be leveraging its experience in the real estate lending space into foray into the Housing Finance business and focus within the Housing Finance
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P/B Chart
JM FINANCIAL LIMITED CMP: 66.10 Upside: 23%Target Price: 81.00
Face Value ( ) 1.00
52 Week High/Low 90.90/33.40
M.Cap ( Cr.) 5246.69
EPS ( ) 5.44
P/E Ratio (times) 12.16
P/B Ratio (times) 1.68
Stock Exchange BSE
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% OF SHARE HOLDING
VALUE PARAMETERS
Actual Estimate
FY Mar-16 FY Mar-17 FY Mar-18
Revenue 1,672.80 2,075.10 2,487.10EBITDA 1,213.40 1,519.60 1,839.30EBIT 1,193.10 1,510.10 1,839.30Pre-Tax Profit 692.90 811.00 1,012.90Net Income 400.50 470.50 552.40EPS 5.04 5.95 6.98BVPS 36.88 45.86 48.29 ROE 17.26 16.60 17.90
16.682.69
1.94
65.45
13.26
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
9.34
16.53
12.0757.98
4.09 Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
Charts by Spider Software India Ltd
7
EQUITY
Above calls are recommended with a time horizon of 1-2 months
Disclaimer : 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 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.
SOURCE: CAPITAL LINE
The stock closed at `638.50 on 30th December 2016. It made a 52-week low at
404.55 on 12TH February 2016 and a 52-week high of 683 on 01st September
2016. The 200 days Exponential Moving Average (EMA) of the stock on the daily
chart is currently at 590.80.
It has formed inverted head and shoulder pattern on daily charts, which is bullish
in nature. Therefore, one can buy above 645 levels for the upside target of 685-
700 levels with SL below 625.
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CESC LIMITED
The stock closed at 292.45 on 30th December 2016. It made a 52-week low at
145.50 on 12th February 2016 and a 52-week high of 293.90 on 01st November
2016. The 200 days Exponential Moving Average (EMA) of the stock on the daily
chart is currently at 247.42.
As we can see on the charts, in the first quarter of this year, it made double
bottom at lower levels and then never looked back despite weakness in the
broader index. Moreover, after every retracement it finally went in northward
direction and sustained on a higher note which shows its strength. Therefore,
one can buy in the range of 285-287 levels for the upside target of 305-310 levels
with SL below 275.
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COROMANDEL INTERNATIONAL LIMITED
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)
Bulls once again came into play and hold control in the week gone by as Nifty took a decent rally from lower levels ahead of December month expiry and once
again manage to close above 8100 levels. FMCG and Oil & gas sectors remain star performers while banking sector could not manage to recover sharply. From
derivative data point of view, now Nifty Put options 8000 strike has the highest open interest, while on call side 8200 strike stood with highest open interest
followed by 8300 strike. Sharp recovery was seen in Index as trader's rollover their position into buy side in Nifty futures for January series. Moreover, PCR (put
call ratio) has also been seeing going up in current series, which also indicates put writing while fall in implied volatility creates confidence in bulls going
forward. From technical point of view, we expect market to remain steady above 8000 levels while 8300 will act as immediate resistance in the near term.
In lakhs
In 10000 In 10000
CESC (JAN FUTURE)
Buy: Above `645
Target: `665
Stop loss: `635
ARVIND
BUY JAN 360. CALL 11.45SELL JAN 370. CALL 8.10
Lot size: 2000BEP: 363.35
Max. Profit: 13300.00 (6.65*2000)Max. Loss: 6700.00 (3.35*2000)
OPTIONSTRATEGY
FUTURE
IGL
BUY JAN 920. CALL 24.00SELL JAN 940. CALL 16.00
Lot size: 1100BEP: 928.00
Max. Profit: 13200.00 (12.00*1100)Max. Loss: 8800.00 (8.00*1100)
DERIVATIVE STRATEGIES
TATASTEEL (JAN FUTUR)
Sell: Below `390
Target: `380
Stop loss: `395
BULLISH STRATEGY BEARISH STRATEGY
GAIL
BUY JAN 440. CALL 11.30SELL JAN 450. CALL 7.70
Lot size: 1500BEP: 443.60
Max. Profit: 9600.00 (6.40*1500)Max. Loss: 5400.00 (3.60*1500)
CANBK
BUY JAN 260. PUT 10.40SELL JAN 250. PUT 6.40
Lot size: 3000BEP: 256.00
Max. Profit: 18000.00 (6.00*3000)Max. Loss: 12000.00 (4.00*3000)
Call Put
10
.43
3.6
4 6.0
3 10
.11
28
.80
26
.75
37
.63
28
.90
24
.86 29
.29
17
.45
17
.24
23
.25 27
.65
34
.31
44
.24
19
.82
11
.16
7.7
8
7.7
1 11
.52
20
.38
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
40.00
45.00
50.00
7500 7700 7800 7900 8000 8100 8200 8300 8400 8500 9000
Call Put
5.4
6
2.8
3
2.4
7
7.3
3
12
.04 1
4.7
8
18
.32
8.2
9
2.8
4
3.5
0
6.4
77.9
5
10
.84
12
.34
19
.43
20
.76
10
.79
4.2
0
3.5
3
1.4
8
3.9
0
9.7
1
0.00
5.00
10.00
15.00
20.00
25.00
7500 7700 7800 7900 8000 8100 8200 8300 8400 8500 9000
Call Put
0.0
5 2.5
3
6.2
6
11
.31
22
.44
36
.70
37
.72
12
.62
10
.70
3.0
7
2.6
1
3.3
2
8.5
0
22
.65
36
.22
26
.49
25
.31
13
.85
5.1
3 7.1
6
3.2
0
2.9
1
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
40.00
16300 16500 17000 17500 18000 18500 19000 19500 20000 20500 21000
Call Put
0.0
5 2.4
6 5.2
2
5.7
6
9.8
6
26
.10
20
.56
5.5
0
4.3
0
2.4
0
2.4
4
2.7
9
6.2
1
15
.34
16
.33
13
.38
19
.95
12
.13
4.9
0
6.2
6
3.0
9
2.8
5
0.00
5.00
10.00
15.00
20.00
25.00
30.00
16300 16500 17000 17500 18000 18500 19000 19500 20000 20500 21000
8
In lakhs
9
DERIVATIVES
FII’s ACTIVITY IN DERIVATIVE SEGMENT
SENTIMENT INDICATOR (NIFTY)
29-Dec 28-Dec 27-Dec 26-Dec 23-Dec
Discount/Premium 13.70 21.40 27.15 34.35 42.20
PCR(OI) 0.87 0.81 0.75 0.74 0.73
PCR(VOL) 0.64 0.64 0.58 0.59 0.51
A/D RATIO(Nifty 50) 4.67 1.33 24.50 0.04 0.76
A/D RATIO(All FO Stock)* 5.95 1.17 18.13 0.05 0.74
Implied Volatality 13.78 13.87 13.57 15.29 13.37
VIX 15.28 15.54 15.08 16.60 16.60
HISTORY. VOL 16.59 16.61 17.13 16.01 15.79
*All Future Stock
SENTIMENT INDICATOR (BANKNIFTY)
29-Dec 28-Dec 27-Dec 26-Dec 23-Dec
Discount/Premium 39.40 60.50 71.60 90.25 97.75
PCR(OI) 0.99 0.99 0.88 0.83 0.83
PCR(VOL) 0.77 0.82 0.66 0.72 0.59
A/D RATIO(Nifty 50) 3.00 0.71 All Up All Down 0.20
#A/D RATIO 2.14 0.38 All Up All Down 0.24
Implied Volatality 15.32 15.67 15.32 16.62 16.68
VIX 15.28 15.54 15.08 16.60 16.60
FII’S ACTIVITY IN NIFTY FUTURE
**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
# All BANKING Future Stock
Top 10 short build upTop long build up
LTP % Price Change* Open interest %OI Chng*
TATAMOTORS 470.95 0.88% 22452000 66.39%
CENTURYTEX 801.5 3.39% 6893700 52.67%
TORNTPOWER 178.15 2.18% 2430000 50.28%
ABIRLANUVO 1246.05 3.60% 3822400 36.49%
TECHM 482.85 3.31% 7767100 35.89%
HDFC 1262 2.86% 8915000 33.75%
ITC 236.6 5.13% 39568800 23.50%
HDFCBANK 1206.7 1.66% 28076500 21.62%
CONCOR 1112.4 1.10% 729000 21.60%
TATAGLOBAL 121.8 2.22% 25969500 19.36%
LTP % Price Change* Open interest %OI Chng*
DIVISLAB 792.6 -8.18% 3009000 81.05%
ENGINERSIN 317.15 -1.25% 8088500 54.58%
SUNPHARMA 617.6 -1.16% 30817500 35.83%
SAIL 48.85 -1.41% 47724000 24.28%
RCOM 33.65 -3.44% 90432000 19.13%
RPOWER 40.6 -1.58% 49848000 16.82%
RELCAPITAL 426.4 -2.58% 10936500 13.39%
RELINFRA 461.3 -3.56% 7095400 12.26%
PNB 113.4 -5.38% 50071000 12.19%
IRB 194.8 -1.79% 8460000 11.57%
In Cr. In Cr.
- 15
20
32
7
18
8
51
- 78
7
- 65
4
98
- 44
5
16
28
70
3
-2000
-1500
-1000
-500
0
500
1000
1500
2000
16-Dec 19-Dec 20-Dec 21-Dec 22-Dec 23-Dec 26-Dec 27-Dec 28-Dec 29-Dec
- 67
3 - 24
4
- 11
03
- 40
7
- 15
35
- 13
73
10
81
17
85
29
10
75
4
-2000
-1500
-1000
- 500
0
500
1000
1500
2000
2500
3000
3500
16-Dec 19-Dec 20-Dec 21-Dec 22-Dec 23-Dec 26-Dec 27-Dec 28-Dec 29-Dec
* Dec Series Vs Jan Series * Dec Series Vs Jan Series
10
Insufficient demand amid cash crunch in the spot market resulted in dull trading in spices counter and the futures market reflected the same. Yellow spice saw third week continuous fall on slow trading activities amid quality issue. Its April future is likely to trade in the range of 6600-7100. Expectations of higher production in coming harvesting season and lower export demand in recent months are putting pressure. Demand for turmeric is expected to below average in the recent weeks in the absence of any fresh cues that attract buyers. Meanwhile new turmeric crop has started arriving in the spot market of Nizamabad in Telangana but arrivals are relatively poor quality. Jeera (Jan) is expected to trade in the range of 16500-18200. Better sowing this season with improving climate, which may help in better production compelled Jeera to trade down. According to Gujarat agriculture ministry, cumin seed as on December 26 has been sown in 2.67 lakh hectares against 2.68 lakh hectares a year ago. However downside seems limited due to tight stock position and good export demand. Cardamom (Jan) prices may consolidate in the range 1320-1450. Buying activities are facing a slow down despite having strong demand amid sharp fall in the total output this season. Harvesting in 85 per cent of the estates is over. The remaining would be harvested by Mid-January. Coriander (Jan) should trade on weaker side and may touch the downside level of 7200 amid rising selling pressure on anticipation of higher crop this season. Meanwhile, quality of the material arriving at the markets is inferior, which is also aiding the price fall.
SPICES
Soybean futures (Jan) is likely to trade in the range of 2950-3120 with bullish bias as good crushing demand from the mills due to higher demand for soymeal from exporters may support the prices. Traders are anticipating that India soymeal exports should increase in coming months as India soymeal is in parity of $10 compared with Argentina soymeal. Global cues are also encouraging due to dry weather in much of South America. There are still some significant parts of both Brazil and Argentina that have missed rains. However higher oilseed production estimate during kharif season 2016-17 may put pressure on counter. Soybean production is likely up at 105.75 lakh tonnes against 72.10 lakh tonnes in 2015-16. Mustard futures (Jan) is expected to support near 4175. Demand for mustard seed at lower level is good as demand for mustard oil is increasing in retail market as winter is intensifying in northern India and consumption of mustard oil is higher during winter season. However, upside may get capped on account of higher sowing during the current season supported by favourable weather conditions. As per agriculture ministry data, Country's mustard acreage in the ongoing rabi season touched 68.2 lakh hectares (lh) as on Dec 23 up 13.5% from a year ago. Refined soy oil futures (Jan) is likely to consolidate in the range of 710-725. The soy oil prices are drawing support from improving demand as temperature has dropped in last couple of session. The consumers of palm oil are likely to shift to refined soy oil, as palm oil have tendency to freeze at lower temperature. CPO (Jan) may trade in the range of 560-580.
OIL AND OILSEEDS
OTHER COMMODITIES
Kapas futures (Apr) is again likely to trade in the range of 910-975 levels. Cotton prices of North India continued inching up due to sluggish supply amid increasing demand. Farmers are satisfied with the stocks they sold in the month of December and are not hesitant to hold back their stocks on anticipation of better price from January onwards. The CCI is expected to purchase around 15 lakh bales for the season of 2016/17. Sugar futures (Mar) may consolidate in a broader range of 3650-3800 levels. Profit booking at higher level cannot be denied due to weak demand at higher level while the counter may get support as sugar production in Maharashtra as on December 25, 2016 dropped by 21% at 22.29 lakh tonnes versus same period a year ago, due to sharp reduction in crushing amid poor production of sugarcane. Guar seed futures (Jan) is likely to trade in the range of 3175-3300. The prices may get support on declining supply. Supply of Guarseed in the recent weeks has dropped due to lower prices as farmers are not in mood to sell their stocks at the lower level and will sell as per their financial requirements. Market players are also bullish due to better exports prospects of guargum amid higher crude oil prices. However, crushers are also holding a large quantity of guar gum in their inventory due to poor exports demand in last couple of years. Mentha oil future is expected to trade in the range of 1000-1080. Demand in mentha oil is average and arrivals are lower as many farmers are still asking payment in cash rather than online transfers or cheque.
Bullion counter may witness some short covering at lower levels amid profit booking in greenback but bullions upside will remain limited on expectations of more rate hikes by the U.S. Federal Reserve in 2017. This week key US nonfarm payroll data on Friday will give further direction to the prices. In the year 2016 bulls dominated the first half while bears took control in second half amid rising greenback and fall in ETF demand. Movement of local currency rupee has also affected the prices which can move in the range of 67.5-68.7. Gold can face resistance of $1180 in COMEX and 28000 in MCX while it has support near $1120 in COMEX and 26800 in MCX. Silver has key support near 38200 in MCX and $15.50 in COMEX. And it has resistance near 41000 in MCX and $16.80 in COMEX. The Federal Reserve raised U.S. interest rates earlier in December 2016 for the first time in a year and signalled three more increases in 2017 from the previous projection of two. Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar, in which it is priced. The fourth quarter of 2016 was the strongest quarter for central bank gold purchases in the year 2016. Russia bought 31.1 metric tonnes in November, following 40.4 metric tonnes in October. That's gross total of 71.5 tonnes in just two months. Indian gold imports turned up in November, rising over 23%, due steep fall in prices of gold in November.
BULLIONS
Crude oil bullish momentum may persist further as announcement of coordinated production cut by OPEC and Non OPEC producers may continue to give support to the prices. Meanwhile, a committee of OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC producers responsible for monitoring compliance with a production cut agreement will meet in Vienna on Jan. 21-22. Crude oil can trade in the range of 3550-3850 in MCX. U.S. shale drillers are set to ramp up spending on exploration and production in 2017 as recovering oil prices prompt banks to extend credit lines for the first time in two years. The focus of oil markets remains on Venezuela as it will cut 95,000 barrels per day of oil production in 2017 to fulfill the producers' deal. Russian oil producer Gazprom is planning to increase oil production by 4.5-5.0% in 2017, less than it had intended before Russia joined the deal to cut production. Natural gas may remain on a positive path as forecasts called for colder weather conditions in US which will induce weather related demand as it may move in the range of 245-275 in MCX. Weather models are suggesting that a blast of cold Arctic air will lower temperatures across the U.S. in January, ending a spate of mild weather that weighed on prices in recent weeks. Winter weather is the biggest driver for natural gas demand and often for prices, since about half of U.S. homes use natural gas for heating purposes.
ENERGY COMPLEX
In base metal counter, prices may remain on a volatile path. Recently China raised concerns about China's property market, pointing to moves to limit property speculation in 2017, which could curb construction activity with a consequent impact on the base metals. Copper may move in the range of 360-385 in MCX. In 2016, copper gained nearly 19 percent in MCX which is the first annual rise since 2012 mainly owing to better-than-expected demand in China and hopes of rising demand resulting from U.S. Lead can trade in the range of 130-142. Zinc can move in the range of 165-180. According to China Customs data “China's Exports were up 10.17% year-on-year to 2,056 tonnes while refined zinc imports fell 63.49% year-on-year to 25,424 tonnes in November”. Zinc was best performing metal in 2016 as speculators piled back into the market on hopes more production cuts would lead to shortages. Aluminum prices may trade in the range of 112-117 in MCX. Japan's aluminium premium for shipments during January to March in 2017 was set at $95/tonnes, as spot premiums rose following a disruption at an Australian smelter. Buyers were initially seeking premiums in the low $80/tonnes, but they compromised after Alcoa was forced to shut one of two potlines at its Portland aluminium smelter, in Australia, following a power outage early December. Nickel can move in the range of 670-720. Nickel may remain under pressure as the Indonesian Association of Mineral Entrepreneurs asked the government to allow exports of low-grade nickel ore. The association is suggesting an export quota of 20 million tonnes per year of low-grade nickel ore for 3 to 5 years.
BASE METALS
11
TECHNICAL RECOMMENDATIONS
COMMODITY
COPPER MCX (FEBRUARY) contract closed at `374.40 on 29th Dec'16. The contract made its high of
418.75 on 28th Nov'16 and a low of 316 on 05th Sept'16. The 18-day Exponential Moving Average of the
commodity is currently at 380.35.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 51. One can buy in the
range of 373-370 with the stop loss of 366 for a target of 385.
` `
`
` ` `
SOYABEAN NCDEX (JANUARY) contract closed at 3024 on 29th Dec'16. The contract made its high of
3974 on 05th July'16 and a low of 2947 on 23rd Dec'16. The 18-day Exponential Moving Average of the
commodity is currently at 3050.1.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 37. One can buy in the
range of 3010-3000 with the stop loss of 2960 for a target of 3150.
`
` `
`
` ` `
GUARSEED NCDEX (JANUARY) contract closed at 3238 on 29th Dec'16. The contract made its high of
3916 on 02nd Aug'16 and a low of 3122 on 23rd Dec'16. The 18-day Exponential Moving Average of the
commodity is currently at 3258.1.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 41. One can buy in the
range of 3240-3220 with the stop loss of 3180 for a target of 3350.
`
` `
`
` ` `
COPPER MCX (FEBRUARY)
SOYABEAN NCDEX (JANUARY)
GUARSEED NCDEX (JANUARY)
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 3024.00 12.05.16 Down 4037.00 - 3150.00 3250.00
NCDEX JEERA JAN 17565.00 22.12.16 Sideways
NCDEX REF.SOY OIL JAN 717.45 08.09.16 Sideways
NCDEX RM SEEDS JAN 4301.00 24.08.16 Down 4637.00 - 4375.00 4450.00
MCX MENTHA OIL JAN 1043.30 20.10.16 Up 920.80 970.00 - 950.00
MCX CARDAMOM JAN 1369.50 27.10.16 Up 1260.40 1310.00 - 1280.00
MCX SILVER MAR 39621.00 06.10.16 Down 41521.00 - 41000.00 42000.00
MCX GOLD FEB 27562.00 06.10.16 Down 29575.00 - 27800.00 28500.00
MCX COPPER FEB 374.40 22.09.16 Up 326.75 372.00 - 365.00
MCX LEAD JAN 133.90 22.12.16 Sideways
MCX ZINC JAN 170.95 29.12.16 Sideways
MCX NICKEL JAN 691.60 29.12.16 Sideways
MCX ALUMINUM JAN 114.55 10.11.16 Up 118.50 113.00 - 110.00
MCX CRUDE OIL JAN 3665.00 01.12.16 Up 3527.00 3450.00 - 3400.00
MCX NATURAL GAS JAN 256.20 24.11.16 Up 217.80 242.00 - 237.00
TREND SHEET
*Closing as on 29.12.16
COMMODITY
NEWS DIGEST
Commodities closed the last week of the year 2016 on a positive note, CRB closed up near 194
levels, after a three weeks nonstop downfall. Gain in energy, base metals, bullion, oil seeds
and some other commodities strengthened the commodity indices. We have seen a remarkable
comeback of commodities in 2016 after a continuous five year fall. Oil prices - the other major
market driver in recent weeks - climbed back toward a 1-1/2 year high as promised output cuts
loomed. It has surged over 50% this year despite plunging to a 12-year low in January. Firmer oil
prices and the upbeat US data continued to support the wider commodity market. Oil prices
rose shrugged off a second consecutive week of US crude oil inventory builds. Crude
inventories were up 614,000 barrels in the week to December. 23, the EIA data showed,
compared with analysts' expectations for a decrease of 2.1 million barrel. Natural gas futures
surged to the highest price in two years on expectations a blast of cold air next month will
boost demand as stockpiles decline. On MCX, it crossed the mark of 264. Base metal prices had
strengthened steadily earlier in the first nine months of 2016 as a result of the deficits in the
global base metal demand-supply balances. Last week, all base metals prices dragged down,
except copper, in a holiday shortened week. Copper is on course for a gain of about 17% last
year, which would be the first annual rise since 2012. Bullion counter regained its shine before
the year end. Fresh weakness in dollar raised demand for the precious metal as a safe-haven
and persistent buying by jewellers in the domestic market mainly kept gold prices higher. Even
silver closed above the mark of $16.20 in Comex.
Soybeans traded higher on news that northeast Brazil is trending drier, and the forecast is hot
and dry for the next 10 days. That area represents about 35 percent of Brazil's first crop corn
production and 25 percent of its soybean production. The rise in the domestic CPO futures
contract has been aided by the strong rally in the Malaysian CPO futures contract traded on the
Bursa Malaysia Derivatives Exchange. In spices, turmeric and dhaniya closed down whereas
jeera and cardamom flavored the portfolio.
WEEKLY COMMENTARY
COMMODITY UNIT 29.12.16 DIFFERENCEQTY. QTY.
BARLEY MT 40.00 40.00 0.00
CORIANDER NEW MT 17330.00 17557.00 227.00
GUARGUM MT 20292.00 20746.00 454.00
GUARSEED MT 18964.00 18664.00 -300.00
JEERA NEW MT 192.00 12.00 -180.00
MAIZE MT 8574.00 9287.00 713.00
RM SEED MT 7625.00 6011.00 -1614.00
SOYBEAN MT 134862.00 140765.00 5903.00
SUGAR MT 1849.00 290.00 -1559.00
TURMERIC MT 485.00 45.00 -440.00
WHEAT MT 7218.00 7218.00 0.00
22.12.16 COMMODITY UNIT 29.12.16 DIFFERENCE
QTY. QTY.
CARDAMOM MT 15.90 14.80 -1.10
GOLD KGS 20.00 20.00 0.00
GOLD MINI KGS 5.10 4.90 -0.20
GOLD GUINEA KGS 4.67 4.67 0.00
MENTHA OIL KGS 1670695.08 1609859.53 -60835.55
SILVER (30 KG Bar) KGS 52837.25 51139.69 -1697.56
22.12.16
•Shanghai Gold Exchange, will curb the amount of
gold investors can trade at one time to 500 kg on
some spot gold contracts starting Jan. 1
•SPDR Gold Trust GLD, the world's largest gold-
backed exchange traded fund, holdings stood at
823.36 tonnes recently.
•Imports of crude oil by Iran's four major buyers in
Asia in November more than doubled for a second
straight month from a year ago, with purchases by
India and South Korea more than four times higher.
•US Pending home sales fell 2.5% as a rise in
mortgage rates probably discouraged some buyers.
•As per preliminary reports received from the
States, the total area sown under Rabi crops as on
23rd December, 2016stands at 554.91 lakh hectares
as compared to 523.40 lakh hectare this time in
2015.
•Nafed kharif pulses procurement reached at
138,235.25 metric tonnes as on December 27.
•The Solvent Extractors' Association of India (SEA)
estimated domestic oilseed production during the
kharif season 2016-17 likely to rise nearly 22
percent at 293.55 lakh tonnes.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
2.81 2.69 2.66
2.30 2.22
- 4.29 - 4.29
- 2.89 - 2.88
- 1.93
- 5.00
- 4.00
- 3.00
- 2.00
- 1.00
0.00
1.00
2.00
3.00
4.00
CPONATURAL
GAS SILVER GOLD MBR CRUDE
OIL LEADLEAD MINI NICKEL M NICKEL ZINC
CHANGE(%)
4.214.00
3.483.26
3.00
- 4.03
- 1.64
- 1.02- 0.75
- 0.19
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
JEERA GUARGUM
5 MT CPO COCUD AKL KAPAS WHEAT DHANIYA TURMERICNEW STEEL
LONG BARLEY
CHANGE(%)
COMMODITY
COMMODITY EXCHANGE CONTRACT 22 29.12.16 CHANGE%
ALUMINIUM LME 3 MONTHS 1722.00 1679.00 -2.50
COPPER LME 3 MONTHS 5518.00 5487.00 -0.56
LEAD LME 3 MONTHS 2124.00 1970.00 -7.25
NICKEL LME 3 MONTHS 10730.00 10120.00 -5.68
ZINC LME 3 MONTHS 2630.00 2522.00 -4.11
GOLD COMEX FEB 1130.70 1158.10 2.42
SILVER COMEX MAR 15.87 16.22 2.20
LIGHT CRUDE OIL NYMEX FEB 55.05 53.77 -2.33
NATURAL GAS NYMEX JAN 3.54 3.80 7.41
.12.16
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
22.12.16 29.12.16
ALUMINIUM 2134550 2176800 42250
COPPER 339625 331100 -8525
NICKEL 371712 371406 -306
LEAD 184250 195800 11550
ZINC 429050 428325 -725
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 22.12.16 29.12.16 CHANGE(%)
Soybean CBOT JAN Cent per Bushel 994.50 1003.25 0.88
Corn CBOT MAR Cent per Bushel 347.25 349.75 0.72
CPO BMD FEB MYR per MT 3076.00 3106.00 0.98
Sugar LIFFE MAR 10 cents per MT 490.60 520.90 6.18
13
SPOT PRICES (% change) Kharif oilseed production in india in 2016-17
3.68
3.27
2.80
2.60
2.07
1.74
1.60
1.53
1.23
1.17
0.78
0.55
-0.09
-0.63
-1.02
-1.30
-4.39
-6.00 -4.00 -2.00 0.00 2.00 4.00 6.00
GUAR GUM (JODHPUR)
COTTON SEED OIL CAKE (AKOLA)
GUAR SEED (JODHPUR)
SUGAR (KOLKATA)
SOYABEAN (INDORE)
MUSTARD (JAIPUR)
SILVER 5 KG (DELHI)
COTTON (KADI)
CRUDE PALM OIL (KANDLA)
RAW JUTE (KOLKATA)
GUR (MUZAFFARNGR.)
JEERA (UNJHA)
BARLEY (JAIPUR)
TURMERIC (NIZAMABAD)
CORIANDER (KOTA)
PEPPER MALABAR GAR (KOCHI)
WHEAT (DELHI) • The Solvent Extractors' Association of India (SEA) estimated domestic oilseed production during the kharif season 2016-17 likely to rise nearly 22% at 293.55 lakh tonnes due to rise in area and better yield amid good monsoon rainfall.
• Overall oilseeds yield has increased to 936 kgs/ha during current kharif crop from 680 kgs/ha.
• Soybean production is likely up at 105.75 lakh tonnes against 72.10 lakh tonnes in 2015-16. Groundnut oil output likely to expand at 53.75 lakh tonnes, up from 32.30 lakh tonnes in previous year.
• Cottonseed production is estimated at 108.80 lakh tons against 108.50 lakh tons in 2015 and Cottonseed Oil production would be 12.40 lakh tons compared to 12.36 lakh tons in previous year.
• In 2016-17, Edible oil production is estimated at 72.8 lakh tonnes (mt) for the oil year 2016-17 (November-October) against 58.0 lakh ton in previous year.
• Soy oil production from kharif is likely to jump up sharply at 15.09 lakh tonnes versus 9.54 lakh tonnes in previous year due to strong soybean production. Groundnut oil availability is estimated at 6.20 lakh tonnes during 2016-17, sharply up from 2.32 lakh tonnes previous year. However castor oil output likely down at 5.09 lakh tonnes against 6.30 lakh tonnes.
• SEA also forecast about edible oil imports, which is likely to drop at 143 lakh tonnes in 2016-17 versus 145.71 lakh tones in 2015-16. Import has reduced due to expected bumper kharif oilseeds crop and better domestic availability of edible oils. Also, currency crunch due to demonetization has slow down the purchases by end consumers also affected the demand and import to some extent.
• As per SEA, Import of vegetable oils during November 2016 is reported at 1,175,464 tons compared to 1,337,435 tons in November, 2015, consisting of 1,155,863 tons of edible oils and 19,601 tons of non-edible oils i.e. down by 12%
• The stock of edible oils as on 1st December, 2016 at various ports is estimated at 655,000 tons and about 1,170,000 tons in pipelines.
• As on 23rd December, 2016 the rabi oilseed has been sown in 78.08 lakh
hectares as compare to 70.12 lakh hectares this time in 2015.
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 67.82 68.39 67.71 68.27
EUR/INR 70.98 71.61 70.78 71.57
GBP/INR 83.37 83.92 83.23 83.88
JPY/INR 57.96 58.83 57.78 58.76
News Flows of last week
20thDec U.K. Q3 Growth exceeded Initial Estimates
26thDec Japan Inflation Jumped 0.5% In November
27th Dec U.S. Consumer Confidence Continued To Improve In December
27th Dec Japan Industrial Output spiked 1.5% In November
28th Dec U.S. Pending Home Sales unexpectedly tumbled to ten-month
Low
29th Dec U.S. Weekly Jobless claims pulled back off six-month high
EUR/INR (JAN) contract closed at 71.43 on 29th December'16. The contract made its high of 71.61 on 29thDecember'16 and a low of 70.78 on 26th December'16 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at 71.43.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 45.41. One can buy above 71.75 for a target of 72.50 with the stop loss of 71.40.
(Source: Reliable Software, Open: Monday 9.00 AM IST, Close: Thursday(5.00 PM IST)
Market Stance
Indian rupee started the week on quite note but became volatile as the days
passed. Continuous firmness in overseas dollar and month demand for
greenback from importers and banks hammered the sentiment for the local
unit. Rupee tested three week low as against the dollar and settled in red
territory in spite of sharp recovery in domestic stock market amid December
month futures and options expiry. Moreover, overseas dollar remain solid in
the international markets and hovered around its 14 year high against basket
of currencies as the market entered the last trading stretch of the year, which
in turn hurt the sentiment for local unit. On a year-to-date basis, rupee has
depreciated over 2.70 per cent till December 29.
EUR/INR
USD/INR (JAN) contract closed at 68.27 on 29th December'16. The contract made its high of 68.39 on 29th December'16 and a low of 67.71 on 26th December'16 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at 67.99.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 58.64. One can buy above 68.25 for the target of 68.90 with the stop loss of 67.90.
GBP/INR (JAN) contract closed at 83.88 on 29th December'16. The contract made its high of 83.92 on 28th December'16 and a low of 83.23 on 27th December'16 (Weekly Basis). The 14-day Exponential Moving Average of the GBP/INR is currently at 84.22.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 44.19. One can sell below 83.50 for a target of 82.50 with the stop loss of 84.00.
JPY/NR (JAN) contract closed at 58.76 on 29th December'16. The contract made its high of 58.83 on 29thDecember'16 and a low of 57.78 on 27th December'16 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at 58.44.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 42.52. One can buy above 58.50 for a target of 59.50 with the stop loss of 58.00.
USD/INRTechnical Recommendation
Economic gauge for the next week
Date Currency Event Previous
02nd Jan EUR Markit Manufacturing PMI 54.903rd Jan USD Markit Manufacturing PMI 54.203rd Jan USD ISM Prices Paid 54.504th Jan EUR Consumer Price Index (YoY) 0.604th Jan EUR Consumer Price Index - Core (YoY) 0.804th Jan USD ADP Employment Change 21604th Jan USD FOMC Minutes05th Jan EUR Producer Price Index (YoY) -0.405th Jan EUR ECB Monetary Policy Meeting Accounts05th Jan USD Initial Jobless Claims 26505th Jan USD Markit Services PMI 53.405th Jan USD ISM Non-Manufacturing PMI 57.206th Jan USD Nonfarm Payrolls 17806th Jan USD Unemployment Rate 4.606th Jan USD Average Hourly Earnings (MoM) -0.1
GBP/INR JPY/INR
14
IPO
IPO NEWS
NSE files draft prospectus for IPO The National Stock Exchange of India (NSE), the country's largest bourse in terms of market share, has filed a draft prospectus for its proposed initial public offer (IPO). According to the draft prospectus, the exchange intends to offer 111.42 million shares representing 22.5 per cent of the post-offer paid up equity capital of the company. According to the draft document, some of the bigger shareholders including Tiger Global, Aranda Investments, Citigroup Strategic Holdings, IDBI Bank, SBI, SAIF Investments, GS Strategic Investments and Norwest Venture Partners would offer their shares for sale as part of the public issue.
India Grid Trust files DRHP with Sebi for ̀ 2,650 crore IPOIndia Grid Trust (IndiGrid), an infrastructure investment trust (InvIT), filed its draft red herring prospectus with the capital markets regulator for a proposed initial public offering (IPO) of as much as 2,650 crore. The investment trust, sponsored by Sterlite Power Grid Ventures Ltd, owns inter-state power transmission assets in India. Sterlite Infraventures Ltd is the investment manager of IndiGrid, while Axis Trustee Services Ltd is the trustee. According to the company's website, Sterlite has a portfolio of 10 projects, spanning 7,000 circuit km in 15 states, entailing an investment of about $2 billion. InvITs are trusts that manage income-generating infrastructure assets, typically offering investors regular yields and a liquid way to invest in infrastructure projects. InvITs are expected to encourage higher foreign investment in India's infrastructure sector, reduce the burden on bank funding and allow developers to unlock tied-up capital. The issue will constitute at least 25% of the outstanding units of IndiGrid on a post-issue basis and 75% of the issue shall be available for allocation on a proportionate basis to institutional investors, the statement said. The units of IndiGrid are proposed to be listed on the National Stock Exchange and BSE. Morgan Stanley India Co. Pvt. Ltd, Citigroup Global Markets India Pvt. Ltd and Edelweiss Financial Services Ltd are the lead managers to the issue.
GTPL Hathway likely to file with SEBI for IPO this week; FY16 net profit at 69 crGTPL Hathway is likely to file draft papers with market regulator SEBI this week for an initial public offering (IPO). The MSO, in which Hathway Cable & Datcom owns 50%, is expected to raise around 500 crore ( 5 billion). The IPO will include a fresh issue of shares and an offer for sale by existing shareholders. The GTPL and Hathway promoters are looking to dilute the same amount of shares so that they continue as equal partners in the joint venture company even after the IPO. Hathway is looking to sell up to 9 million shares of GTPL through the proposed IPO. Meanwhile, GTPL Hathway has made its financial performance public for the first time. The company has posted a net profit of 69 crore ( 690 million) in FY16, which is almost four times the net profit of 16.7 crore it had earned in the previous financial year. GTPL Hathway was incorporated in August 2006 by Aniruddhasinh Jadeja and Kanaksinh Rana through the consolidation of cable service businesses in Ahmedabad and Vadodara. In October 2007, Hathway acquired a 50% stake in the company for 125 crore. Aniruddhasinh Jadeja (14.6%), Kanaksinh Rana (5.2%) and Amit Shah (1.1%) own 20.9% stake between themselves. The remaining 29.1% of the 50% holding is held by Gujarat DigiCom.
PSP Projects plans IPO, files papers with SEBIAhmedabad-based multidisciplinary construction company PSP Projects (PSP) filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI seeking permission for its Initial Public Offering (IPO). The public issue consists of up to 10,080,000 equity shares of face value of 10 each. The IPO comprises of a fresh issue of up to 7,200,000 equity shares and offer for sale of up to 2,880,000 equity shares, a company statement said. The equity shares will have a face value of 10 and the final price band will be decided in consultation with the Book Running Lead Managers (BRLMs). According to statement, the net proceeds from the fresh issue will be utilised towards funding working capital requirements, funding capital expenditure requirements of the company and for general corporate purposes. PSP offers a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in the country.
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Company Sector M.Cap(In RsCr.) Issue Size (in RsCr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)
Laurus Lab Pharma 5076.30 300.00 19-Dec-16 428.00 490.00 480.00 12.15
Sheela Foam Ltd Textiles 4568.02 510.00 9-Dec-16 730.00 1008.00 936.40 28.27
Varun Beverages FMCG 6753.77 1100.00 8-Nov-16 445.00 430.00 370.45 -16.75
PNB Housing Housing Finance 13701.93 3000.00 7-Nov-16 775.00 863.00 827.20 6.74
Endurance Tech Auto Ancillary 7988.95 1162.00 19-Oct-16 472.00 570.00 567.95 20.33
HPL Electric Capital Goods 620.50 361.00 4-Oct-16 202.00 190.05 96.50 -52.23
ICICI Pru Life Insurance 43081.25 6057.00 29-Sep-16 334.00 329.00 300.15 -10.13
GNA Axles Financial services 386.16 130.00 26-Sep-16 207.00 248.50 179.90 -13.09
L&T Technology IT 7944.05 894.00 23-Sep-16 860.00 900.00 781.20 -9.16
RBL Bank Finance 12357.60 832.50 31-Aug-16 225.00 273.70 331.45 47.31
S P Apparels Textile and Apparel Industry 885.65 240.00 2-Aug-16 268.00 305.00 351.90 31.31
Dilip Buildcon Infrastructure 3056.80 654.00 11-Aug-16 219.00 240.00 223.50 2.05
Advance. Enzyme. Chemicals 4391.86 411.00 1-Aug-16 896.00 1210.00 1967.15 119.55
L & T Infotech IT - Software 11569.97 1243.00 21-Jul-16 710.00 666.60 678.50 -4.44
Quess Corp IT - Software 8200.21 400.00 29-Jun-16 317.00 499.00 646.75 104.02
Mahanagar Gas Gas Distribution 7708.12 1039.64 21-Jun-16 421.00 540.00 780.35 85.36
Parag Milk Foods Dairy 2169.32 767.00 19-May-16 215.00 215.70 257.90 19.95
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IPO TRACKER
*Closing price as on 29-12-2016
15
16
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 BAJAJ FINANCE LTD.(UPTO RS. 5 CR.) 8.00 8.00 8.00 8.05 - 8.05 8.05 0.25% FOR SR. CITIZEN, 0.10% FOR DELHI NCR &
EXISTING LOAN CUSTOMER AND ON RENEWAL MUMBAI-75000,
UPTO RS. 1CRORE OTHER-50000/--
2 DEWAN HOUSING FINANCE CORPORATION LTD 13M=8.35% 14M=8.25% 18M=8.35% 13M=50000; 40M=8.35%0.25% EXTRA FOR SR. CITIZEN,WIDOW,
14M=10000; ARMED, PERSONNEL, EXISTING DHFL HOME
BORROWERS, 0.25% EXTRA FOR DEPOSIT
50 LAC AND ABOVE
3 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 8.25 - 8.30 8.30 - 8.50 - 8.50 10,000/-
4 GRUH FINANCE LTD. 7.50 13M=7.50 7.75 7.50 - 7.50 7.50 7.50 96-120M=8.00%; 0.25% FOR FEMALE, 1000/-
SR. CITIZEN & TRUST
5 HDFC PREMIUM DEPOSIT FOR INDIVIUAL (UPTO RS. 2 CR.) 15M=7.50 30M=7.50 22M=7.55 44M=7.55 0.25% FOR SR. CITIZEN UPTO RS. 1 CR.
20000/-, 40000/-
- -6 20M=7.40 40M=7.40 - - - IN MONTHLY
7 HDFC LTD FOR INDIVIDUAL & TRUST (UPTO RS.5 CR.) 7.40 - 7.40 7.40 - 7.40 7.40 - 0.25% FOR SR. CITIZEN UPTO RS. 1 CR.
8 HUDCO LTD.(IND & HUF) 7.25 - 7.25 7.25 - 7.00 7.00 7.00 0.25% FOR SR. CITIZEN 10000/-
9 HUDCO LTD.(TRUST/CO/INSTITUTION) 7.00 - 7.00 7.00 - 6.75 6.75 6.75 - 10000/-
10 J K Lakshmi Cement Ltd. 8.50 8.75 9.00 25000/-
11 J K Tyre & Industies Ltd. 8.50 8.75 9.00 25000/-
12 KTDFC (Kerela Transport) 8.50 - 8.50 8.50 - 8.25 8.25 - 0.25% extra for Sr. Citizen, 10000/-
13 LIC HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 7.85 7.85 7.90 7.95 - - 7.95 - 10000/-
14 M&M FINANCIAL SERVICES LTD (FOR BELOW RS. 1 CRORE) 7.90 8.00 8.00 8.05 - 8.05 8.05 - 0.25% FOR SR. CITIZEN 10000/-
15 Omaxe Ltd. 11.50 - 12.00 12.50 - - - - - 50000/-
16 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 7.40 - 7.40 7.40 - 7.40 7.40 7.40 0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE20000/-
17 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 15M=7.50 30M=7.50 44M=7.55 0.25% FOR SR. CITIZEN22M=7.55
18 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 7.75 - 7.85 8.00 - 8.15 8.25 - 0.25% FOR SR. CITIZEN 5000/-
19 SHRIRAM CITY UNION SCHEME 7.75 - 7.85 8.00 - 8.15 8.25 - 0.25% FOR SR. CITIZEN 5000/
(FOR TRUST ONLY) (FOR WOMEN ONLY)
0.50% add. interest to sr. citizen ,
employees,shareholders and person
investing Rs. 5 lacs and above - max. 0.50%
0.25% FOR SR.CITIZEN IF APP ABOVE
RS. 50,000/- APP UPTO RS. 50,000/- &
0.10% IF APP upto Rs. 50,000/-
HDFC PREMIUM DEPOSIT FOR TRUST & INSTITUTION
(UPTO RS. 10 CR.)
MUTUAL FUND
1415
INDUSTRY & FUND UPDATE
MFs see Rs 36,000 cr inflow in Nov; Rs 3 lakh-cr in Apr-Nov Investors pumped in over Rs 36,000 crore into various mutual fund schemes in November, with equity and debt schemes cornering the maximum inflow. With this, the total net inflow in MF schemes reached Rs 3.03 lakh crore in April-November of the current fiscal. MFs had witnessed an inflow of Rs 1.84 crore in the same period last year. According to the data from the Association of Mutual Funds in India (Amfi), investors poured in a net Rs 36,021 crore in these schemes last month as against Rs 32,334 crore in the preceding month. The latest inflow has been mainly driven by contribution from income fund or debt schemes. Besides, equity ones continued to see positive inflows. Income funds, which invest in government securities, saw an inflow of Rs 18,306 crore while equity- and equity-linked saving schemes registered an infusion of Rs 9,079 crore. Balanced funds, which invest in equity and debt instruments, saw an inflow of Rs 3,632 crore. However, gold exchange traded funds (ETFs) saw a pullout of Rs 69 crore during the period under review.
Sundaram Mutual Fund introduces Smart Nifty 100 Equal Weight FundSundaram Mutual Fund has launched the Sundaram Smart Nifty 100 Equal Weight Fund, an open ended growth scheme. The NFO opens for subscription on December 26, 2016 and closes on January 09, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000. The scheme’s performance will be benchmarked against NIFTY 100 Equal Weighted Index and its fund managers are Shiv Chanani and Madanagopal Ramu. The investment objective of the scheme is to invest in companies which are constituents of NIFTY 100 Equal Weighted Index (underlying Index) in the same proportion as in the index and endeavour to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to 2% tracking error.
HDFC Mutual Fund files offers document for MSCI India Domestic ETF.HDFC Mutual Fund has filed offer document with SEBI to launch an open ended exchange traded fund as “HDFC MSCI India Domestic ETF”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be Nil for the scheme. Presently the Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 10 Crores. The scheme will be benchmarked against MSCI India Domestic Index. The minimum application amount is Rs 5,000 per application and in multiples of Re 1 thereafter. The investment objective of the scheme is to provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the MSCI India Domestic Index subject to tracking errors.
Reliance Mutual Fund introduces Dual AdvantageReliance Mutual Fund has launched the Reliance Dual Advantage Fixed Tenure Fund X-Plan D, a close ended income scheme. The NFO opens for subscription on December 23, 2016 and closes on January 07, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 per option and in multiples of Re 1. The scheme’s performance will be benchmarked against a mix of 80% Crisil Composite Bond Fund Index & 20% Nifty 50 Index and its fund managers are Sanjay H. Parekh and Anju Chajjer. The investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.
UTI Mutual Fund introduces Long Term Advantage Fund Series VUTI Mutual Fund has launched the UTI Long Term Advantage Fund Series V, a close ended ELS scheme. The NFO opens for subscription on December 22, 2016 and closes on March 29, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 500 and in multiple of Rs 500. The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit.
NEW FUND OFFER
Scheme Name Sundaram Long Term Micro Cap Tax Advantage Fund - Sr. - IV - Reg. (G
Fund Type Close-Ended
Fund Class Growth
Opens on 27-Sep-2016
Closes on 20-Mar-2017
Investment Objective to generate capital appreciation over a period of ten years by predominantly investing in equity and equity-related instruments
of companies that can be termed as micro-cap and from income tax benefit available.
Min. Investment Rs.5000/-
Fund Manager S Krishnakumar / Dwijendra Srivastava
Scheme Name UTI Long Term Advantage Fund - Series IV - Direct Plan (G)
Fund Type Close-Ended
Fund Class Growth
Opens on
Closes on
Investment Objective
Min. Investment Rs.500/-
Fund Manager Lalit Nambiar
10-Oct-2016
18-Jan-2017
to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments
of companies along with income tax benefit.
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
ICICI Prudential Balanced - Growth 103.89 03-Nov-1999 3344.90 -0.74 7.85 12.85 18.89 14.61 1.65 0.11 51.77 20.91 1.51 25.81
Kotak Balance - Growth 20.11 05-Nov-2014 362.38 -3.22 3.61 10.08 N.A 6.12 1.60 0.11 36.95 27.26 3.72 32.07
HDFC Balanced Fund - Growth 118.22 11-Sep-2000 6840.90 -2.39 4.76 8.75 19.49 16.35 1.64 0.09 36.95 27.26 3.72 32.07
Birla Sun Life Balanced 95 - Growth 609.61 10-Feb-1995 3672.36 -3.84 2.56 8.48 18.50 20.65 1.65 0.08 45.37 19.81 1.22 33.60
HDFC Prudence Fund - Growth 406.58 01-Feb-1994 11412.00 -0.89 6.19 8.23 18.34 18.89 2.09 0.09 46.11 16.13 10.03 27.73
UTI Balanced Fund - Growth 137.27 20-Jan-1995 1572.53 -2.47 3.25 8.15 13.74 15.74 1.62 0.07 44.44 23.34 2.69 29.53
Mirae Asset Prudence Fund - Reg - G 10.74 29-Jul-2015 272.78 -2.48 3.56 7.87 N.A 5.16 1.68 0.09 68.60 5.84 N.A 25.56
Annualised
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. SharpeMaturity (Years) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
ICICI Prudential LTP - Growth 20.20 20-Jan-2010 1064.46 -6.27 -5.32 -17.98 18.40 16.56 13.75 10.65 31.06 0.14 10.76 6.94
ICICI Prudential Income Fund -Growth 51.85 09-Jul-1998 2983.76 -15.41 -11.45 -26.43 16.83 15.38 12.49 9.31 31.62 0.11 11.86 6.98
SBI Dynamic Bond Fund - Growth 20.39 09-Feb-2004 3245.09 -3.53 -2.36 -14.47 17.52 15.13 11.33 5.68 27.46 0.14 11.03 6.43
ICICI Prudential Dynamic Bond F - Prem Plus - G 19.21 14-Jan-2010 1205.04 -3.72 -2.98 -16.67 15.79 14.92 12.77 9.83 23.37 0.21 7.06 7.28
UTI Dynamic Bond Fund - Reg - Growth 18.91 23-Jun-2010 1068.97 -3.03 0.36 -15.63 19.71 14.83 12.12 10.26 27.57 0.14 11.38 6.63
Canara Robeco Dynamic Bond F - Reg - G 18.69 29-May-2009 184.11 2.18 -0.99 -15.72 19.07 14.66 11.70 8.58 29.42 0.11 13.29 6.60
HDFC Income Fund - Growth 37.47 11-Sep-2000 2824.73 -37.65 -27.10 -39.73 15.54 14.23 11.79 8.44 32.07 0.10 17.04 6.86
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Years) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
HDFC HIF - Dynamic - Growth 56.59 27-Apr-1997 1833.79 -22.69 -16.91 -28.10 15.95 14.47 12.12 9.20 29.38 0.11 12.53 7.00
Kotak Flexi Debt Scheme - Reg - G 20.73 27-May-2008 601.99 -4.32 -4.13 -20.22 14.79 13.06 10.32 8.85 21.82 0.15 6.71 7.02
Birla Sun Life Dynamic Bond Fund - Ret - DAP 20.13 08-Apr-2009 13139.10 -25.18 -17.07 -40.48 13.87 13.84 12.07 9.47 29.65 0.13 18.92 7.27
ICICI Prudential Banking & PSU Debt F - Reg - G 18.52 01-Jan-2010 5407.65 4.65 2.51 -9.58 13.86 12.48 10.54 9.20 15.99 0.21 4.58 6.96
Birla Sun Life Treasury Optimizer Plan - DAP 191.36 22-Jun-2009 6545.71 -1.79 -2.23 -12.09 13.40 12.28 11.02 9.01 15.85 0.20 6.06 7.11
HDFC HIF - S T P - Growth 32.25 06-Feb-2002 1657.34 0.42 -0.16 -7.33 12.81 11.43 10.00 8.17 12.90 0.17 4.49 7.42
Birla Sun Life Short Term Opportunities F - Reg - G 26.90 24-Apr-2003 4396.15 0.52 -0.49 -8.49 12.10 11.29 10.33 7.49 12.94 0.20 5.17 7.27
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Years) Maturity
1W 2W 1M 3M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Indiabulls Ultra Short Term Fund - G 1549.29 06-Jan-2012 707.53 6.56 6.00 5.82 9.05 8.85 8.99 9.18 2.60 0.58 0.35 6.82
Franklin India Low Duration Fund - G 18.05 26-Jul-2010 2156.42 6.25 5.70 4.19 8.98 9.67 9.86 9.61 5.40 0.43 1.30 8.76
Franklin India Ultra Short Bond F - Retail - G 20.86 18-Dec-2007 5904.29 5.91 5.57 4.52 8.19 9.09 9.19 8.47 2.80 0.63 0.87 8.03
Kotak Banking and PSU Debt F - Reg - G 36.25 29-Dec-1998 586.75 -3.16 -0.19 -5.42 8.10 9.83 9.29 7.41 7.92 0.24 2.80 7.35
ICICI Prudential Ultra Short Term Plan - Reg - G 16.43 11-Aug-2009 7597.89 0.60 -0.51 -5.36 7.97 9.78 9.32 6.95 8.25 0.25 2.96 6.90
IDFC Money Manager - Invest Plan - Plan A - G 24.38 09-Aug-2004 1791.47 1.45 2.98 1.91 7.97 9.05 8.96 7.45 7.08 0.23 1.45 6.94
BOI AXA Treasury Advantage F - Reg - G 1908.86 17-Jul-2008 376.36 6.24 6.15 5.05 7.95 9.14 9.06 7.94 2.72 0.59 0.74 8.11
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
SBI Magnum COMMA Fund - Growth 29.93 08-Aug-2005 218.81 1.82 13.80 30.96 17.48 10.09 2.44 0.90 0.22 62.50 21.72 10.11 5.67
Sundaram Rural India Fund - Reg - G 31.94 12-May-2006 334.42 -4.87 4.89 20.28 23.59 11.53 2.25 0.89 0.25 28.20 44.50 12.07 15.23
SBI PSU Fund - Growth 10.55 07-Jul-2010 181.96 7.25 19.27 16.45 13.53 0.83 2.62 0.97 0.06 70.10 25.80 N.A 4.09
Tata Equity P/E Fund - Reg - Growth 100.11 29-Jun-2004 636.72 -1.60 9.01 15.60 25.38 20.22 2.28 0.92 0.17 43.83 40.63 7.15 8.39
Birla Sun Life Equity Fund - Growth 544.98 27-Aug-1998 2801.18 -4.81 8.84 14.93 22.80 24.34 2.17 0.91 0.18 56.89 26.90 1.06 15.15
DSP BlackRock Micro Cap Fund - Reg - G 49.46 14-Jun-2007 3496.41 -2.46 5.15 12.83 39.83 18.22 2.54 0.92 0.34 N.A 59.75 31.00 9.25
ICICI Prudential Dynamic Plan - Growth 203.95 31-Oct-2002 5701.33 -0.43 7.79 11.86 14.84 23.71 1.95 0.81 0.08 58.19 18.78 3.64 19.40
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 29/12/2016Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
Annualised
18
MUTUAL FUND Performance Charts
EQUITY (Diversified)
INCOME FUND
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
Annualised
BALANCED
Some glimpses of Christmas celebrations at SMC’s Daryaganj and Pusa Road offices.
Proud moment for SMC as Mr S C Aggarwal (CMD, SMC Group) has been felicitated with the "The Economic Times Most Promising Business Leaders of Asia"by the Hon’ble PM of Malaysia during The Economic Times Asian Business Leaders Conclave 2016 held in Kuala Lumpur on 15th December 2016.
