Narnolia Securities Limited analysis #Market Diary 16.12.2013 Click here to read the full report: http://www.narnolia.com/index.php/fundamental-newsviews-today/market-diary

1. 16th Dec 2013
MARKET DIARY
SGX NIFTY :
6184.50 ( 11pts
Down )
Quote of The Day
"Obvious prospects for physical growth in
a business do not translate into obvious
profits for investors."
Benjamin Graham
MARKET
Name
Sensex
Nifty
DOW
NASDAQ
CAC
DAX
FTSE
NIKKIE
HANG SENG
Change
(210.03)
(68.65)
15.93
2.57
(9.41)
(10.54)
(5.29)
(112.55)
(145.50)
EW ALL SHARE
Chart of the Day
Indian Service Export Trend
Value
20715.58
6168.4
15755.36
4000.97
4059.71
9006.46
6439.69
15292.5
23100.46
9798.38
(107.46)
INSTITUTIONAL TURNOVER
FII
Investor
13th Dec, 13
Dec,13
2013
Index Action-Nifty (13th Dec, 13)
Buy(Cr.)
3121.35
32572.27
715625.57
Sale(Cr.)
3,553.37
25,609.97
6,35,099.92
Net(Cr.)
(432.02)
6962.30
80525.65
Sale(Cr.)
1,036.20
15,352.24
3,12,324.96
Net(Cr.)
(45.07)
(5801.30)
(67688.23)
DII
Investor
13th Dec, 13
Dec,13
2013
Index
Contents
Economic calendar
Page
4
Coverage
UPDATE
News
3
UPDATE
Derivative Research
2
UPDATE
UPDATE
Buy(Cr.)
991.13
9550.94
244636.73
COMMODITY PRICE
COMMODITY/CURRENCIES
Value
GOLD
29432.00
SILVER
44776.00
CRUDEOIL
109.50
↑
↑
↑
COPPER
NATURALGAS
461.75
272.50
↑
↑
DOLLAR/RS.
EURO/RS.
POUND/RS.
62.13
85.52
101.33
↑
↑
↓
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email: research@narnolia.com, website : www.narnolia.com
1

2. Derivative Research
NIFTY SNAPSHOT
Nifty Spot
Nifty Dec 2013 Future
Nifty Jan 2013 Future
Nifty Dec 2013 Open Interest
Nifty Jan 2013 Open Interest
7 DMA of Spot Nifty
21 DMA of Spot NIfty
50 DMA of Spot Nifty
VOLATILITY INDEX (VIX)
PUT CALL RATIO
6168.40(-68.65)
6264
6319
22004650
3933450
6273
6169
6140
GRAPH
17.84(+0.10)
0.90
Nifty (Dec Series) Option OI Distribution:
Index Outlook
Activity of Nifty (Dec Series) Strike
CALL
OI
% Chng OI
6000
1684200
1.9
6100
1454250
9.2
6200
3299700
33.4
6300
6464950
16.0
6400
4696850
0.8
6500
5331650
2.0
Fresh Long Seen In (Rising OI -Rising Price)
Scrip
OI
OI ch%
ZEEL
37,64,000
50.9
COALINDIA
110,19,000
8.4
AUROPHARMA
142,08,000
7.1
TATASTEEL
167,75,000
2.9
HCLTECH
33,89,000
2.5
PCR (OI)
STOCK
T1
ALBK
0.33
ONGC
0.47
UBL
0.38
TATAMOTORS
0.40
IOC
0.50
FIIs Activity (Fig in Cr)
Segment
PUT
Buy
Sell
Net
1,141
11,566
1,113
928
14,748
1,660
11,179
1,709
923
15,471
(519)
387
(596)
5
(722)
% Chng
5320150
4536250
3698150
2747700
1273750
741950
CMP
280.2
283.6
309.9
415.4
1182.1
T2
0.26
0.37
0.33
0.35
0.43
5.2
8.3
-13.7
-28.2
-14.5
-24.5
Ch%
0.1
0.7
4.0
0.7
0.2
INDEX FUTURE
INDEX OPTION
STOCK FUTURE
STOCK OPTION
TOTAL
Fresh Shorts Seen In: (Rising OI -Falling Price)
Scrip
OI
OI ch%
CMP
GODREJIND
14,05,000
16.5
259.6
PETRONET
20,42,000
14.6
121.8
INDUSINDBK
64,53,000
10.3
416.6
UNIONBANK
100,81,000
8.6
119.1
IRB
129,52,000
7.6
91.6
YESTERDAY'S IMPACT TRADE
STOCK
STRIKE CE
STOCK
SBIN
1900 CE
SBIN
TCS
2100 CE
ICICIBANK
JPASSOCIAT
55 CE
AXISBANK
DLF
160 CE
JPASSOCIAT
TATAMOTORS
380 CE
RELIANCE
Ch%
-3.8
-3.8
-4.0
-2.8
-4.1
STRIKE PE
1700 PE
1100 PE
1200 PE
50 PE
860 PE

3. Markets Snapshot
Top Price Performers
Top Performers
Top Performers 1D
% Change
Top Performers 1W
% Change
MAVENSBIO
10.23
BFUTILITIE
27.58
1M
RMCL
% Change
CINEPRO
10.00
HOVS
27.53
YBRANTDIGI
85.46
DHANUS
BIRLAPOWER
10.00
8.33
DQE
MLKFOOD
27.21
27.16
DQE
VBCIND
79.14
76.80
SOMANYCERA
7.97
CHROMATIC
27.02
HOVS
65.29
87.16
Worst Price Performers
Worst Performers
1D
% Change
Worst Performers
1W
% Change
Worst Performers
1M
% Change
GNRL
(12.67)
SIGRUN
(23.53)
GODREJPROP
(53.54)
KANANIIND
(10.68)
VISASTEEL
(22.89)
ZENITHINFO
(42.75)
CRESTANI
(9.18)
KINETICENG
(22.39)
BIRLAPOWER
(40.91)
ELDERPHARM
(8.17)
COMMEXTECH
(22.09)
SIGRUN
(40.91)
DIAPOWER
(7.56)
SGJHL
(21.00)
ARIHANT
(39.94)
Top News :
• AIA Engineering's current manufacturing capacity is 200,000 Mt of wear parts. This is currently being augmented to 260,000 Mt by brownfield
project which is expected to be commissioned in February, 2014. The land for the above project has already been acquired, necessary
environmental clearances have been obtained and the Capex shall be funded through Internal accruals and some external borrowing, if required.
• Escorts clarifies on news item : News regarding "Escorts may sell Auto Parts Biz" on December 13, 2013, Escorts Ltd has clarified that the
news report is not based on any specific information release from the Company and the Company, as a matter of policy, does not comment on
these speculative media reports.
• GMR Infra Clarification on news item : News regarding "Istanbul Airport JV, GMR Infrastructure Ltd has clarified that the ‘Right of First
Refusal’ (ROFR) process in respect of the sale of stake is in progress and hence the deal is not concluded.
• MMTC versus Financial Technologies : Bombay High Court -Final hearing in case scheduled for January -No injunction granted to MMTC for
securing SMX sale proceeds -Financial Technologies proposed FT Towers, Shah's holding in Financial Technologies as security
• Aurobindo Pharma has received the final approval from the U.S. health regulator to manufacture and market Duloxetine Hydrochloride
Delayed-Release capsules, an anti-depressant drug, in the American market. The company has received final approval from the U.S. Food & Drug
Administration (USFDA) to manufacture and market 20 mg, 30 mg and 60 mg capsules of Duloxetine Hydrochloride .
• Torrent Pharman has entered into a definitive agreement with Elder Pharmaceuticals Limited, Mumbai (Elder) for acquisition of identified
Domestic Branded Formulation business of Elder.
• Standard & Poor's revised upwards the long-term corporate credit ratings of software majors TCS , Infosys and Wipro to 'A' from 'BBB+.'
However, it retained the negative outlook on their foreign currency ratings, citing the negative outlook on the sovereign.
• The Cabinet Committee on Economic Affairs (CCEA) approved the Fertiliser Ministry's proposal to provide Rs 5,500-crore subsidy to the cash
starved fertiliser industry via a special banking arrangement (SBA) rout . The Finance Ministry had earlier approved the proposal. The Fertiliser
Ministry had arranged Rs 5,500 crore loan through banks at an interest rate of more than 10 per cent per annum against subsidy receivables.
• U.S Bureau of Labor Statistics - Department of Labor said that U.S. core PPI rose to a seasonally adjusted 0.1%, from 0.2% in the preceding
month. Analysts had expected U.S. core PPI to rise 0.1% last month.
• Eurostat said that Euro zone employment change remained unchanged at 0.0%, from -0.1% in the preceding month. Analysts had expected
Euro zone employment change to remain unchanged at 0.0% last month.
• U.S Bureau of Labor Statistics - Department of Labor said that U.S. PPI fell to a seasonally adjusted -0.1%, from -0.2% in the preceding month.
Analysts had expected U.S. PPI to fall -0.1% last month.

4. Management Tweets
• Hero MotoCorp Mgt Guideline : Mgt said that the upcoming tariff barrier in Europe, starting January, would be a big worry for the auto
industry . There are early signs of growth in the US and some parts of Europe, thus any tariff barrier at this time would hurt the industry’s
prospects…however, we hope this won’t be too much and won’t hurt us too much. Hero Moto has shown resilient performance in a
slowing market and is looking to increase exports in several emerging markets . Hero Moto has started to build a new export distribution
and an export base. The focus is just not on exports, but also on becoming a global company . Hero Moto has started to build a new
export distribution and an export base. The focus is just not on exports, but also on becoming a global company .
• LT Foods Mgt Guideline : LT Foods, manufacturers of Dawaat Basmati, is expecting a Rs 2,700-crore topline and around Rs 90-100 cr as
bottomline for the full year. The company intends to invest Rs 40-50 crore in capex, sales & marketing in FY14.
• Suprajit Engineering Mgt Guideline : Company is expecting to clock the highest ever sales and profitability in Q3 . The company has
done exceedingly well largely because of its strong presence of exports both in automotive and non-automotive segments . The company
has grown 10 percent more than the automotive industry, which grew at 3 percent during the first eight months of the fiscal . Company
continues to expect good growth in Q4 given the trend in exports, in after market sales and the non-automotive segment .
• Info Edge Mgt Guideline : Company recently invested another Rs 10 crore in Meritnation.com, an online education and assessment
service. With this round of funding Meritnation.com has received a total of Rs 71.5 crore from Info Edge for a 55.81 percent stake. Info
Edge had invested Rs 30 crore in the company in February this year. Its real estate portal 99acres.com, which contributes 15-17 percent to
total revenues, has been consistently growing 50 percent in last two years.
• HEG Mgt Guideline : Company hopes to improve on EBITDA margins to 18.5 percent from 17.5 percent in the next six months with the
help of operational efficiencies by reducing scrap and wastage of materials . Even in Q2FY14 margins were marginally better than that of
last year . The company also aims to reduce Rs 180 crore of debt from Rs 500 crore on back of capacity expansion undertaken by the
company in 2010.
Economic Calendar
Monday
16-Nov
US
Tuesday
17-Nov
Wednesday
18-Nov
Thursday
19-Nov
Friday
20-Nov
Empire State Manufacturing Index ,
Revised Nonfarm Productivity q/q ,
Building Permits , Housing Starts , Crude Oil
Unemployment Claims , Existing Home Sales ,
TIC Long-Term Purchases , Capacity
Core CPI m/m , CPI m/m , Current
Inventories , FOMC Economic Projections ,
Final GDP q/q , Final GDP Price Index q/q ,
Philly Fed Manufacturing Index , CB Leading
Utilization Rate , Industrial
Account , NAHB Housing Market Index . FOMC Statement , Federal Funds Rate ,
Flash Manufacturing PMI .
Index m/m , Natural Gas Storage .
Production m/m , Revised Unit Labor
FOMC Press Conference .
Costs q/q .
UK/EURO
ZONE
Current Account , CPI y/y , Core CPI
y/y , Trade Balance , German Buba
Monthly Report .
INDIA
Advance Tax No , WPI Data
CPI y/y , PPI Input m/m , RPI y/y , PPI
Output m/m , Core CPI y/y .
German PPI m/m , GfK German
Claimant Count Change , MPC Asset
Consumer Climate , French Flash
Purchase Facility Votes , MPC Official Bank
Manufacturing PMI , French Flash
Rate Votes , Unemployment Rate , Average
Services PMI , German Flash
Current Account , Retail Sales m/m , Final GDP
Earnings Index 3m/y , Public Sector Net
Manufacturing PMI , German Flash
q/q ,
Borrowing , German ZEW Economic
Services PMI , German Ifo Business
Sentiment , ZEW Economic Sentiment , BOE
Climate , Flash Manufacturing PMI , Flash
Inflation Letter .
Services PMI , Net Lending to Individuals
m/m , CBI Industrial Order Expectations
RBI Monetary Policy
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