16th Dec 2013

MARKET DIARY

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Contents Page Coverage ↑

4 UPDATE ↑

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1

Dec,13

(67688.23)

Economic calendar

991.13 (45.07)

44776.00

GOLD 29432.00

2013 244636.73

9550.94 15,352.24 (5801.30)

3,12,324.96

Indian Service Export Trend

6,35,099.92 80525.65

1,036.20

DII

Net(Cr.)

(112.55)

23100.46 (145.50)

(432.02)

(10.54)

6439.69 (5.29)

(107.46)EW ALL SHARE 9798.38

Chart of the Day

Investor Buy(Cr.) Sale(Cr.)

2013 715625.57

3,553.37

Index Action-Nifty (13th Dec, 13) Dec,13

NASDAQ

CAC 4059.71

13th Dec, 13 3121.35

DAX 9006.46

COPPER 461.75

NATURALGAS 272.50

COMMODITY PRICE

CRUDEOIL

ValueCOMMODITY/CURRENCIES

EURO/RS. 85.52

Narnolia Securities Ltd. 124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196

email: research@narnolia.com, website : www.narnolia.com

POUND/RS. 101.33

Derivative Research

DOLLAR/RS. 62.13

MARKET

Name Value Change

Sensex 20715.58 (210.03)

109.50

13th Dec, 13

SILVER

Nifty 6168.4

32572.27

INSTITUTIONAL TURNOVER

(9.41)

15292.5

HANG SENG

FII

Sale(Cr.)

6962.30

Net(Cr.)Buy(Cr.)Investor

25,609.97

4000.97 2.57

NIKKIE

FTSE

(68.65)

DOW 15755.36 15.93

Quote of The Day "Obvious prospects for physical growth in a business do not translate into obvious profits for investors."Benjamin Graham

SGX NIFTY :

6184.50 ( 11pts

Down )

NIFTY SNAPSHOT

Nifty Spot

Nifty Jan 2013 Future 6319

Nifty Jan 2013 Open Interest 3933450

21 DMA of Spot NIfty GRAPH

VOLATILITY INDEX (VIX)

0.90

Nifty (Dec Series) Option OI Distribution:

Index Outlook

Activity of Nifty (Dec Series) Strike FIIs Activity (Fig in Cr)

CALL PUT Segment Buy Sell Net

OI % Chng OI % Chng

6000 1684200 1.9 5320150 5.2 INDEX FUTURE 1,141 1,660 (519)

6100 1454250 9.2 4536250 8.3 INDEX OPTION 11,566 11,179 387

6200 3299700 33.4 3698150 -13.7 STOCK FUTURE 1,113 1,709 (596)

6300 6464950 16.0 2747700 -28.2 STOCK OPTION 928 923 5

6400 4696850 0.8 1273750 -14.5 TOTAL 14,748 15,471 (722)

6500 5331650 2.0 741950 -24.5

Fresh Long Seen In (Rising OI -Rising Price) Fresh Shorts Seen In: (Rising OI -Falling Price)

Scrip OI OI ch% CMP Ch% Scrip OI OI ch% CMP Ch%

ZEEL 37,64,000 50.9 280.2 0.1 GODREJIND 14,05,000 16.5 259.6 -3.8

COALINDIA 110,19,000 8.4 283.6 0.7 PETRONET 20,42,000 14.6 121.8 -3.8

AUROPHARMA 142,08,000 7.1 309.9 4.0 INDUSINDBK 64,53,000 10.3 416.6 -4.0

TATASTEEL 167,75,000 2.9 415.4 0.7 UNIONBANK 100,81,000 8.6 119.1 -2.8

HCLTECH 33,89,000 2.5 1182.1 0.2 IRB 129,52,000 7.6 91.6 -4.1

PCR (OI) YESTERDAY'S IMPACT TRADE

STOCK T1 T2 STOCK STRIKE CE STOCK STRIKE PE

ALBK 0.33 0.26 SBIN 1900 CE SBIN 1700 PE

ONGC 0.47 0.37 TCS 2100 CE ICICIBANK 1100 PE

UBL 0.38 0.33 JPASSOCIAT 55 CE AXISBANK 1200 PE

TATAMOTORS 0.40 0.35 DLF 160 CE JPASSOCIAT 50 PE

IOC 0.50 0.43 TATAMOTORS 380 CE RELIANCE 860 PE

17.84(+0.10)

7 DMA of Spot Nifty

PUT CALL RATIO

6273

614050 DMA of Spot Nifty

Nifty Dec 2013 Future

22004650

6264

Derivative Research

6168.40(-68.65)

6169

Nifty Dec 2013 Open Interest

Top Performers 1D % Change Top Performers 1W % Change

Top Performers

1M

% Change

MAVENSBIO 10.23 BFUTILITIE 27.58 RMCL 87.16

CINEPRO 10.00 HOVS 27.53 YBRANTDIGI 85.46

DHANUS 10.00 DQE 27.21 DQE 79.14

BIRLAPOWER 8.33 MLKFOOD 27.16 VBCIND 76.80

SOMANYCERA 7.97 CHROMATIC 27.02 HOVS 65.29

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)

• 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.

• 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.

• 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.

Markets Snapshot

Top Price Performers

Worst Price Performers

• 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.

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.

• 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.

• 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.

• 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

• 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.

• 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 .

Risk Disclosure & Disclaimer  :This report/message is for the personal information of the authorized recipient and does not construe to

be any investment, legal or taxation advice to you. Narnolia Securities Ltd. (Hereinafter referred as NSL) is not soliciting any action based

upon it. This report/message is not for public distribution and has been furnished to you solely for your information and should not be

reproduced or redistributed to any other person in any form. The report/message is based upon publicly available information, findings of

our research wing “Eastwind” & information that we consider reliable, but we do not represent that it is accurate or complete and we do

not provide any express or implied warranty of any kind, and also these are subject to change without notice. The recipients of this report

should rely on their own investigations, should use their own judgment for taking any investment decisions keeping in mind that past

performance is not necessarily a guide to future performance & that the the value of any investment or income are subject to market and

other risks. Further it will be safe to assume that NSL and /or its Group or associate Companies, their Directors, affiliates and/or

employees may have interests/ positions, financial or otherwise, individually or otherwise in the recommended/mentioned

securities/mutual funds/ model funds and other investment products which may be added or disposed including & other mentioned in

this report/message.

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.

Monday Tuesday Wednesday Thursday Friday

16-Nov 17-Nov 18-Nov 19-Nov 20-Nov

US

Empire State Manufacturing Index ,

Revised Nonfarm Productivity q/q ,

TIC Long-Term Purchases , Capacity

Utilization Rate , Industrial

Production m/m , Revised Unit Labor

Costs q/q .

Core CPI m/m , CPI m/m , Current

Account , NAHB Housing Market Index .

Building Permits , Housing Starts , Crude Oil

Inventories , FOMC Economic Projections ,

FOMC Statement , Federal Funds Rate ,

FOMC Press Conference .

Unemployment Claims , Existing Home Sales ,

Philly Fed Manufacturing Index , CB Leading

Index m/m , Natural Gas Storage .

Final GDP q/q , Final GDP Price Index q/q ,

Flash Manufacturing PMI .

UK/EURO

ZONE

Current Account , CPI y/y , Core CPI

y/y , Trade Balance , German Buba

Monthly Report .

CPI y/y , PPI Input m/m , RPI y/y , PPI

Output m/m , Core CPI y/y .

Claimant Count Change , MPC Asset

Purchase Facility Votes , MPC Official Bank

Rate Votes , Unemployment Rate , Average

Earnings Index 3m/y , Public Sector Net

Borrowing , German ZEW Economic

Sentiment , ZEW Economic Sentiment , BOE

Inflation Letter .

Current Account , Retail Sales m/m , Final GDP

q/q ,

German PPI m/m , GfK German

Consumer Climate , French Flash

Manufacturing PMI , French Flash

Services PMI , German Flash

Manufacturing PMI , German Flash

Services PMI , German Ifo Business

Climate , Flash Manufacturing PMI , Flash

Services PMI , Net Lending to Individuals

m/m , CBI Industrial Order Expectations

INDIA Advance Tax No , WPI Data RBI Monetary Policy

Economic Calendar