Daily Fundamental Report December 19,2013 Report Jun 3.pdfton Greaves, Voltas may also remain firm....
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Transcript of Daily Fundamental Report December 19,2013 Report Jun 3.pdfton Greaves, Voltas may also remain firm....
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MARKET UPDATE INTRA DAY CHART OF SENSEX
NIFTY TOP GAINERS
COMPANY LAST PRICE CHANGE % CHANGE
LT 1649.00 2.45 6.70
BPCL 556.00 33.40 6.53
BHARTIARTL 363.00 1.50 5.49
ONGC 397.00 11.35 4.98
JINDALSTEL 311.95 4.45 4.77
NIFTY TOP LOSERS COMPANY LAST PRICE CHANGE % CHANGE
HCLTECH 1385.90 32.65 (2.30)
TECHM 1884.00 39.00 (2.03)
DRREDDY 2415.00 45.65 (1.86)
SUNPHARMA 599.40 11.25 (1.84)
ITC 336.60 5.15 (1.51)
MARKET TURNOVER (RS.CR) NAME LAST PREVIOUS DAY
NSE CASH 17717.69 26092.91
NSE F&O 133047.64 113713.46
NIFTY TOP TURNOVERS
COMPANY LAST PRICE SHARE TRADED TOTAL TURNOVER
(Rs. Cr)
LT 1649.00 4473414 731.89
SBIN 2647.00 2233678 582.72
RELCAPITAL 584.65 7664411 433.43
ICICIBANK 1459.80 2750943 396.81
DLF 209.15 15175841 318.04
OUTLOOK
Indian markets settled the session on a higher note led ma-
jorly by the capital goods, banking and oil & gas stocks.
Nifty closed at 7362.50 up by 132.55points or 1.83percent
over the previous day closing of 7229.95 after witnessing a
low of 7239.50 and a high of 7368.60. Sensex closed at
24639.20 up by 421.86points or 1.74percent over the previ-
ous day closing of 24217.34. It touched an intraday low of
24270.20 and high of 24709.09 .
The markets’ breadth was negative. Out of 3087 stocks
traded 1978 stocks advanced, 1013 stocks declined and 96
stocks remained unchanged. In Sensex, Out of 30 stocks 24
stocks advanced and 06 stocks declined.
Among the sectors, BSE Capital Goods , BSE Bankex and B S
E Oil & Gas were the main gainers of the day which in-
creased by 4.93percent, 3.28percent and 2.85percent re-
spectively.
In BSE Capital Goods sector, Suzlon Energy, Sadbhav Engg
and Larsen increased by 9.97percent, 8.82percent and
6.23percent respectively. In BSE Bankex, Canara Bank,
Bank of India and SBI advanced by 6.18percent,
4.89percent and 4.02percent respectively. In BSE Oil & Gas
sector BPCL, HPCL and ONGC increased by 6.50 percent,
5.59 percent and 5.55percent respectively.
Indian market is likely to remain strong as first moves of the govt is
likely to boost confidence and also on signs of early arrival of mon-
soon than expected. At the Nifty level of 7229.95, current year esti-
mates for EPS is 485 and on that basis Nifty is trading 14.9times
which is not expensive. Expectation of turnaround in the economy
is high, which is likely to keep Nifty at elevated levels. Automobile
shares, led by M&M, Maruti, Tata Motors may lead the rally in the
next few weeks. Select capital goods companies like L&T, Cromp-
ton Greaves, Voltas may also remain firm. PSU stocks that have run
up significantly in the last 1 month may correct marginally. How-
ever, select PSU stocks will witness buying as they have a strong
visibility of growth. Engineers India, Bharat Electronics, MOIL,
Coal India are some of them. IL&FS Transportation, Maharashtra
seamless, Swaraj Engines and Aban Offshore can be accumulated
on dips as they are likely to turnaround significantly.
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MARKET STATS DOMESTIC INDICES
NAME LAST PRICE CHANGE % CHANGE
SENSEX 24684.85 467.51 1.93
NIFTY 7362.50 132.55 1.83
BSE MID-CAP 8650.52 183.30 2.16
BSE SMALL-CAP 9196.92 181.19 2.01
NSE CNX MIDCAP INDEX 10366.60 225.55 2.22
NAME LAST PRICE CHANGE % CHANGE
AUTO 14700.86 207.09 1.43
CAPITAL GOODS 15442.48 725.67 4.93
FMCG 6808.06 -56.07 (0.82)
METAL 12521.72 229.03 1.86
OIL & GAS 11163.39 309.30 2.85
HEALTHCARE 10220.85 -94.56 (0.92)
POWER 2218.21 51.56 2.38
REALTY 1921.36 27.02 1.43
BANKEX 17510.44 556.58 3.28
IT 8457.53 2.17 0.03
CONSUMER DURABLES 7841.94 128.48 1.67
SECTORAL INDICES
INSTITUTIONAL FLOW IN CR (05/30/2014)
FII DERIVATIVE SEGMENT IN CR (0 5/30/2014)
INSTRUMENT PURCHASE SALE NET
INDEX FUTURE 2463.18 2251.55 211.63
INDEX OPTION 7370.59 7060.06 310.53
STOCK FUTURE 5863.95 6703.89 (839.93)
STOCK OPTION 1353.94 1282.87 71.07
BULK & BLOCK DEALS
http://www.bseindia.com/mktlive/market_summ/bulk_deals.asp
http://www.bseindia.com/mktlive/market_summ/block_deals.asp
NAME LAST PRICE CHANGE % CHANGE
DOW JONES 16717.17 18.43 0.11
NASDAQ 4242.62 -5.33 (0.13)
S&P 500 1923.57 3.54 0.18
FTSE 6864.43 19.96 0.29
CAC 4517.76 -1.80 (0.04)
DAX 9960.09 16.91 0.17
MEXICO BOLSA 41362.51 -647.41 (1.54)
RUSSIAN RTS 1323.75 27.96 2.16
NIKKEI 225 14935.92 303.54 2.07
HANG SENG 23081.65 71.51 0.31
TAIWAN TAIEX 9075.91 -33.09 (0.36)
SHANGHAI 2039.21 -1.38 (0.07)
KOSPI 2002.00 7.04 0.35
FTSE BURSA MALAYSIA KLCI 1864.25 -9.13 (0.49)
JAKARTA COMPOSITE 4912.09 18.18 0.37
PSEi - PHILIPPINE SE 6710.40 62.75 0.94
STOCK EXCH OF THAI 1440.94 25.21 1.78
BRAZIL BOVESPA 51239.34 -1000.00 (1.91)
GLOBAL INDICES
INDUSTRIAL METALS & ENERGY MARKETS
NAME LAST PRICE CHANGE
COPPER (USD/T) 6924.50 78.25
ALUMINUM (USD/T) 1849.00 11.00
ZINC (USD/T) 2077.75 23.75
LEAD (USD/T) 2115.75 20.75
OIL (USD/BBL) 102.81 0.10
NATURAL GAS (USD/MMBTU) 4.60 0.05
% CHANGE
1.16
0.60
1.16
0.99
0.10
1.19
PRECIOUS METALS
NAME CHANGE % CHANGE
GOLD (USD/OZ) -2.33 (0.20)
SILVER (USD/OZ) 0.01 0.01
LAST PRICE
1247.25
18.82
INDUSTRY INDICES
NAME CHANGE % CHANGE
BALTIC DRY INDEX -6.00 (0..64)
BBG WORLD IRON/STEEL IDX 0.94 0.59
LAST PRICE
934.00
160.28
INSTRUMENT PURCHASE SALE NET
FII 6868.60 7309.50 (440.70)
DII 2218.21 2676.36 (458.15)
CURRENCIES
NAME LAST PRICE CHANGE % CHANGE
USD-INR 59.16 0.05 0.09
EUR-INR 80.50 0.05 0.07
GBP-INR 99.10 0.10 0.10
INR-JPY 1.73 0.01 0.70
Data Source: Bloomberg, BSE, NSE , moneycontrol as on June 02,2014 at 6.00 p.m.
Provisional FII data as at 5:50p.m. (in crores) B=buy S=Sell N=net
4
NEWS
Auto sales in May 2014
TVS Motor Company, registered total sales of 210,293 units in May 2014, compared to 165,151 units in the corresponding
month of the previous year, hence, showing a Growth of 27.33%. On MoM basis, the company reported a growth of 10.28%.
Sales volume of Maruti Suzuki stood at 100,925 units in May, 2014 against 84,677 units in the same month of last year, register-
ing a YoY growth of 17.09%. On MoM basis, sales is up by 17.09%.
Total sales of Tata Motors sales stood at 37,525 units in May 2014, showing a decline 23.89% on YoY basis. However, on MoM
basis, sales increased by 10.72%.
Hero Motocorp, registered total sales of 602,481 units in May 2014, compared to 557,890 units in the corresponding month of
the previous year, hence, showing a growth of 7.99%. On monthly basis, the company reported a growth of 5.50%.
Bajaj Auto, registered total sales of 351,436 units in May 2014, compared to 339,348 units in the corresponding month of the
previous year, hence, showing a growth of 3.56%. On monthly basis, the company reported a growth of 6.00%.
14‐May
Name of Company 14-May 13-May 14-Apr
YOY Change
(%)
MOM Changes(
%)
TVS Motor 210,293 165,151 190,683 27.33% 10.28%
Maruti Suzuki 100,925 84,677 86,196 19.19% 17.09%
Tata motors 37,525 49,304 33,892 ‐23.89% 10.72%
Hero Motocorp 602,481 557,890 571,054 7.99% 5.50%Bajaj Auto 351,436 339,348 331,529 3.56% 6.00%
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NEWS
SAIL registers 11% growth in May’14 sales
Maintaining emphasis on higher sales, Steel Authority of India Limited (SAIL) registered an aggressive sales growth of 11% in
May 2014, at 1.06 million tonnes (MT), compared to 0.96 MT in same month last year (SMLY). Rise in exports was to the tune
of 76% on a y-o-y basis during the month. Production at SAIL plants kept pace with Hot Metal production of 1.26 MT
achieved in May ’14, registering a y-o-y growth of 4%.
Optimistic about the ensuing period in current financial year, the company foresees the present thrust on infrastructure
growth translate into higher demand of steel in the country. This certainly augurs very well for the industry, and it is geared to
meet this resurgent demand.
Source: company
FDI in Insurance
The finance ministry could recommend to enhance the Foreign Direct Investment (FDI) in insurance sector to 49% from 26%.
The insurance companies are the key beneficiaries of this proposal if this gets implemented. However, the ministry is likely to
propose capping of voting rights for foreign investors in a view to cease controlling power by the overseas investors. Max India
is the frontrunner to be benefitted from the above mentioned proposal.
Finance Ministry plans a holding company to raise debt, equity for PSBs.
The finance ministry has proposed an ambitious road map to create a holding company to park government-held stakes in
public sector banks valued at about Rs 2.5 lakh crore, which in turn will raise long-term funds and use that to capitalise the
lenders. The holding company (holdco) will raise funds through debt and equity route over the period that will be used to
meet the fund requirements of capital-starved public sector banks.
The finance ministry estimates these banks would need about Rs 1.25-1.5 lakh crore over the next five years to meet Basel
III norms and fund future growth plans.
In a detailed presentation to new finance minister Arun Jaitley, finance ministry mandarins suggested the move to create a
long-term solution to finance the banks. This necessitates the repeal of the nationalised bank status under which these lend-
ers are constituted, and would also require the transfer of power from the government to the holdco through a suitable
agreement and relevant memorandum and article of association.
"The proposed holdco will act as sovereign fund for the financial sector and will help in infusing capital to the banks in fu-
ture. The proposed structure will help the government in retaining its voting right to above 51 per cent in these banks while
its (government's) economic interest will come down over the period," according to a person familiar with the presentation.
Earlier this month, the PJ Nayak Committee recommended the creation of a Banking Investment Company. "While the
Banking Investment Company would be constituted as a core investment company under RBI registration and regulation,
the character of its business would make it resemble a passive sovereign wealth fund for the government's banks," according
to the report of the committee.
The government and the holdco will enter into a shareholder agreement which will ensure the holdco has autonomy over
its operations and sets its objective in terms of financial returns from the banks it controls. Following the legislative amend-
ments that will be needed to repeal the act through which public sector banks have constituted as statutory bodies, the
ownership function of these banks will be taken over by the holdco from the government.
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NEWS Over the period, the holdco will be listed on bourses and raise a substantial amount to fund the future growth of these
banks. In addition, the ministry is also suggesting that banks be allowed to issue non-voting shares or shares with dif-
ferential voting rights as this will help the government in retaining majority control.
Source: The Economic Times
Impact – The move is positive for the PSBs (especially those with lower Capital Adequacy Ratio (CAR) as mentioned
the following table), if implemented.
Banks Name Basel III- CAR (%)
United Bank of India 9.81
Central Bank Of India 9.87
Allahabad Bank 9.96
Bank Of India 9.97
Vijaya Bank 10.55
Canara Bank 10.63
Andhra Bank 10.78
Indian Overseas Bank 10.78
Bank Of Maharashtra 10.79
State Bank Of Travancore 10.79
Union Bank Of India 10.8
Punjab & Sind Bank 11.04
State Bank Of Mysore 11.08
Dena Bank 11.14
Punjab National Bank 11.52
State Bank Of Bikaner and Jaipur 11.55
Corporation Bank 11.64
IDBI Bank Ltd. 11.68
Bank Of Baroda 12.28
State Bank Of India 12.44
Indian Bank 12.54
UCO Bank 12.68
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EVENTS
OTHER EVENTS
CORPORATE ACTION BONUS / RIGHTS / STOCK SPLIT / ADR & GDR / FCCB / M&A / WARRANTS ETC.
COMPANY RECORD DATE Ex-DATE DETAILS
RBI repurchase rate decision .
U. S. Factory orders data for the month of April,2014.
ITC LTD 03/06/2014 DIVIDEND INR6.00PER SHARE
Source of News : The content may have been taken from The Economic Times, Business Standard, Business Line, Mint and other leading
financial newspapers and financial portals BSE,NSE, Bloomberg, Moneycontrol & others.
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