1. -- 1 --
INDIA MARKET
REPORT9 May 2013
INDIA MARKET OUTLOOK
Market on expected note advanced further facilitated partly by good corporate earnings, electoral
gains in Karnataka by ruling party and majorly by global liquidity. Nifty gained ~0.5%, however,
rate sensitive Bank Nifty closed near flat. Better 4Q’13 results by index heavy HDFC along with
Lupin lifted Nifty up, in spite of Ranbaxy’s disappointment. IT major Cognizant’s better show
would reinforce confidence among investors of improved outlook of IT sector, however impending
US Immigration reform bill is remaining a major obstacle for the sector. Cement stocks started
looking up as marketmen felt cement demand could improve from cement-heavy sourthern region
on the onset of a perceived stable govt at Karnataka. Market ignored the Supreme Court bashing
the Centre & CBI for Coalgate scam handling, as the govt got reprieve of ~2months till 10 July to
avoid action against the Law Minister. Parliament was adjourned sine a die. It seems govt is likely
to bring key economic legislations thru ordinance route, as it is now gained strength from
Karnataka gains. Market is likely to consolidate the recent gains and gain moderately upto
0.5%.
Key Co results this week: AsianPaints Escorts GodrejProp IndianBank JubilantFood PNB
UnionBank (09-05) ApolloTyre AshokLey AshokaBuild Balarampur CentralBank Claris
Cummins EssarOil NTPC PunjL RCom SobhaDev UnitedBk (10-05) Denabk IIFL JKCem
KewalKiran Unichem (11-05)
GLOBAL MARKET SCENE
Most Asian markets rose Thursday after U.S. and German equities climbed further into record
territory, with South Korean stocks jumping after a surprise rate cut by the nation’s central bank
(to 2.5%), while an improved earnings outlook spurred Japanese shares. Mainland Chinese
shares slipped after consumer prices rose more than expected in April, while Hong Kong stocks
gave up their initial advance. U.S. stocks climbed Wednesday, with both the Dow industrials and
S&P 500 hitting record closes, the Dow for a second straight session and the S&P 500 for a fifth
consecutive trading day. Profit outlooks from companies helped bolster sentiment. The Dow
Jones gained 48.92 points to 15,105.12. The S&P 500 index rose 6.73 points to 1,632.69. The
Nasdaq advanced 16.64 points to 3,413.26. European stock markets climb on Wednesday,
keying off gains in Asia after better-than-expected Chinese export data, while German stocks
climb to fresh all-time highs after upbeat industrial-production numbers. Resource firms help lift
the U.K.’s benchmark stock index, offsetting weakness in the banking sector.
CORPORATE NEWS
 Supreme Court sent notice to MoEF on Sesa Goa plea on stocked 4.766MT iron ore exports
from Goa as it fears wash out of ores on monsoon rains (FE)
 Tata Chemicals closed DAP unit at Haldia temporarily on supply disruption of phos acid
(BSE)
 GMR Infrastructure is in talks with potential investors to sell stake in four toll road assets
and raise ~Rs18 bn to cut debt. (ET)
 Jubilant Life eying $250mn overseas debt/NCDs to pre-pay existing debt (BSE)
 UCO Bank labels Reid & Taylor account (>Rs1bn) as NPA (ET)
 Havells plans to tap semi-urban and rural markets with its non-modular switch brand Reo
(BL).
 Hyundai Motor India is planning to launch up to four new s in the next two years, including a
compact SUV, to enhance its position in the market. (PTI)
ECONOMIC / INDUSTRY/ POLITICAL NEWS
 Overhaul in FDI, FII policy on cards; relaxation of NRI investment in securities market (FE)
 Responsibility to check money laundering rests with govt: RBI (BS)
 US Immigration reform bill may harm Indian IT firms (PTI)
 Power from gas-based projects may see tariff hike as the Power Minister is thinking on pass
through mechanism on gas akin to coal (Mint)
 Minister for Heavy Ind. pitches for ban on renminbi borrowings by power sector to boost
domestic power gear makers (BL)
 Making a stinging criticism of CBI and senior officials of the coal ministry and PMO, the SC
today hauled them up for changing the "heart" of the Coalgate probe report. (PTI)
 A Parliamentary y’day asked the government to set time-frame for revival of sick Central
Public Sector Enterprises (PTI)
 The government has notified the Cabinet Committee on Economic Affairs (CCEA) decision
to remove two key controls on sugar sector. (PTI)
 EU levies 27.8% tariff on steel wires (Mint)
 Tea exports for FY13 rose 3%; Output 2% (FE)
 India Inc's pledged holdings reach Rs 1.4 trillion by end FY13 (PTI)
 SC refuses to stay attachment, sale of Sahara head Subrota Roy’s assets; gives freedom to
SEBI (FE)
 Time to merge MTNL with BSNL: DoT (BL)
CLOSE %Chg
6,069.30 0.43
12,371.45 -0.22
12,643.05 0.09
19,990.18 0.51
2,444.59 0.30
6,535.37 0.47
CLOSE %Chg
6,089.00 0.64
6,094.65 0.62
6,107.00 0.61
NSE + BSE 1.00
Declines Unchg
1,615 165
Cash Eq (Rs bn)
SELL NET
20.60 9.77
SELL NET
14.51 -6.69
PRICE %Chg
894.30 4.75
344.80 2.83
732.95 2.57
1,977.00 2.51
495.00 2.08
PRICE % Chg
443.20 -3.08
323.35 -2.37
319.00 -1.76
1,677.10 -1.71
694.80 -1.43
CLOSE % Chg
14,381.99 0.67
5,197.60 -0.04
1,971.61 0.76
2,237.61 -0.39
23,213.33 -0.13
15,105.12 0.32
1,632.69 0.41
3,413.27 0.49
2,784.62 0.56
6,583.48 0.40
3,956.28 0.89
8,249.71 0.83
CLOSE %Chg
104.50 0.15
96.71 0.09
1,472.90 -0.05
24.10 0.70
334.00 -0.90
CLOSE Chg
81.93 -0.36
1.3164 0.0011
54.1600 -0.1170
70.9980 -0.0016
83.8803 -0.4390
54.7700 -0.0700
Category PrevDay % Change 30d Avg
Cash Equity (NSE + BSE) 120.99 -3.77 128.51
Index Option -NSE 810.44 -8.99 1182.23
Index Future -NSE 84.39 2.07 109.05
Stock Future -NSE 136.82 -1.60 190.59
Stock Option -NSE 71.04 -2.34 114.04
Nymex Crude ($/bbl) *
Silver ($/t oz.) *
Gold 100 Oz ($/t oz.) *
Copper ($/lb.) *
CURRENCY
100 Yen / INR ^
* at 08:30 IST ^ RBI Reference Rate
Dollar Index ($DXY) *
EUR-USD *
USD / INR ^
Euro / INR ^
Pound / INR ^
DOW JONES IND AVG
S&P 500
NASDAQ COMPOSITE
EURO STOXX 50
FTSE 100
CAC 40
DAX
COMMODITIES FUTURES
Brent Crude ($/bbl) *
TATASTEEL
HEROMOTOCO
BANKBARODA
MAJOR GLOBAL INDICES
NIKKEI 225
S&P/ASX 200 (Australia) *
KOSPI *
SHANGHAI COMPOSITE *
HANG SENG *
NIFTY TOP FIVE
HDFC
ITC
LUPIN
ULTRACEMCO
INDUSINDBK
NIFTY BOTTOM FIVE
RANBAXY
BHARTIARTL
Bourses' Turnover by Category (Rs billion)
CNX NIFTY
CNX NIFTY JUNIOR
BANK NIFTY
SENSEX
BSE - 200
BSE - MIDCAP
NIFTY FUTURES
30-May-13
27-Jun-13
25-Jul-13
MARKET BREADTH
Advances
MAJOR INDIAN INDICES (Spot)
1,617
INSTITUTION TRADE DATA
FII
BUY
30.37
DII
BUY
7.82

2. -- 2 --
INDIA MARKET
REPORT9 May 2013
943
5,000
5,100
5,200
5,300
5,400
5,500
5,600
5,700
5,800
5,900
6,000
6,100
6,200
-1,600
-1,400
-1,200
-1,000
-800
-600
-400
-200
0
200
400
600
800
1,000
1,200
1,400
1,600
21-Mar
22-Mar
23-Mar
24-Mar
25-Mar
26-Mar
27-Mar
28-Mar
29-Mar
30-Mar
31-Mar
1-Apr
2-Apr
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4-Apr
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6-Apr
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9-Apr
10-Apr
11-Apr
12-Apr
13-Apr
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15-Apr
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19-Apr
20-Apr
21-Apr
22-Apr
23-Apr
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27-Apr
28-Apr
29-Apr
30-Apr
1-May
2-May
3-May
4-May
5-May
6-May
7-May
8-May
(RsCr)
Trailing 30-trading days' FII-DII Net Cash-Equity Investment Trend vis-a-vis NIFTY
FII DII NIFTY(R.H.S)
N Networth Research: E-mail- research@networthdirect.com
Queries related to Morning report can be reached at:
Surya Narayan Nayak, AVP Equity Research surya.nayak@networthdirect.com022-30225901; +919324972024
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Key to NETWORTH Investment Rankings
Buy: Upside by>15, Accumulate: Upside by +5 to 15, Hold: Upside/Downside by -5 to +5, Reduce: Downside by 5 to 15, Sell: Downside by>15
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