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DAILYMORNING NOTE

23 June 2014

Indian Indices

Current      %           %

Market Commentary from the sales desk

Index

Value      1 D

YTD

After opening marginally higher the markets moved lower in the

Sensex                   25106     (0.38)     18.59

Nifty                      7511      (0.39)     19.15

BSE – Mid Cap     8962      (0.39)     33.65

BSE – Sml Cap      9761      (0.83)     49.00

SGX Nifty Fut       7549        0.28      18.86

Auto 14878 (0.91) 21.37 Bankex 17197 (0.39) 32.26 Capital Goods 15603 (0.84) 52.01 Con. Durables 8489 3.47 45.83 FMCG 6842 (0.02) 4.18 Healthcare 10817 (0.95) 8.54 IT 9149 0.04 0.73 Metal 12982 (0.65) 30.29 Oil & Gas 11114 (0.46) 25.80 PSU 8340 (0.87) 41.12 Power 2199 (0.78) 29.32 Realty 2007 0.52 39.99 Teck 5163 0.06 2.22 IPO 2043 0.70 31.90 Global Indices Current Name Value % 1 D % YTD Dow Jones             16947 0.15 2.23 Dow Futures         16977 0.36 3.34 Nasdaq                  4368 0.20 4.58 DAX                       9987 (0.17) 4.55 Nikkei 225             15405 0.36 (5.44) FTSE 100                6825 0.25 1.13 Hang Seng             23288 0.40 (0.08) Shanghai A Sha     2029 0.11 (4.12) Bovespa                54638 (1.02) 6.08 Strait Times           3262 0.10 2.99

Sectors –Performance (BSE)

Source: Bloomberg; As on 8.30 am IST

FII Trading activities in Cash

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)

morning session. The markets managed to trade in the green in the afternoon session but slipped lower in the late session closing the day on a weak note. Among the sectoral indices Healthcare & Auto lost almost 1% while Consumer Durables gained more than 3%. In the Sensex stocks Axis Bank (1.35%), Bajaj Auto (0.64%) & TCS (0.50%) were among the gainers while M&M (2.87%), Tata Power (2.74%) and Hindalco (2.18%) were among the losers. The Sensex lost 96 points or 0.38% to close at 25,106 and the Nifty lost 29 points or 0.39% to close at 7,511.

Total traded turnover stood at Rs 227,654 cr. In equities FIIs were net sellers (Rs 221 cr) while  DIIs were net buyers (Rs 74 cr). On the derivatives side, FIIs were net buyers in Index Futures (Rs 41 cr) Index Options (Rs 299 cr) Stock Futures (Rs 99 cr) while they were net sellers in Stock Options (Rs 201 cr).

The US markets edged higher on light volumes amid absence of any triggers and as investors watch-out for some key data due to be released in the week ahead. The Dow Jones gained 26 points or 0.15% to close at 16,947 while the NASDAQ gained 9 points or 0.20% to close at 4,368.

The Asian markets are currently trading higher. Nikkei is trading higher by 0.36% while Hang Seng is trading higher by 0.40%.

Asian markets are trading in the green on the back of positive close    on    Wall    Street    and    as    reports    showed    that

Category      Date

Buy Value

Sell Value

Net Value

manufacturing in China expanded for the first time in six

months during June. Indian indices are also expected to open

FII                20/06      4132    4353   (221)

DII               20/06      1099    1025      74

Source: NSE

in the green and focus will be on global developments for further direction.

FII Trading activities in F&O

FII Derivatives Statistics for

Corporate

l   ONGC     Videsh     entered    into     a     Memorandum     of

Buy

(cr)

Sell

(cr)

OI at

EOD(cr)

Understanding (MoU) with Turkish Petroleum Corporation.

Index Futures      1856       1815      14092

Index Options     13237     12939     70328

Stock Futures       4212       4143      55040

Stock Options      2574       2775       4509

Source: NSE

Market volatility

The MoU envisages two companies working together for E&P activities in Turkey, joint participation in bidding for opportunities including exploration bids and search of hydrocarbon    area    related    research    and    development

Latest

Avg MTD

Avg YTD

activities.

CBOE VIX             11        (4.49)     (20.92)

NSE VIX                19          6.45       24.65

Source: Bloomberg

Fixed Income and Forex Rate

l   Nexter Systems, Larsen & Toubro Ltd (L&T) and Ashok Leyland Defence Systems have signed a consortium agreement to work together for the  Mounted  Gun System

Interbanks

MIBOR 8.00 (0.52) (11.03) 2Y GSec India 8.23 (0.12) (2.45) 10Y GSec India 8.72 0.35 (1.18) 10Y GSec US 10 2.62 0.73 (13.34) 10Y GSec UK 10 2.76 0.91 (8.67) 10Y GSec Japan 10 0.59 0.00 (20.78) LIBOR - 1 Month 0.15 0.49 (8.17) LIBOR - 3 Month 0.23 0.44 (6.30) LIBOR - 6 Month 0.32 0.15 (7.07) LIBOR - 1 Year 0.55 0.27 (6.17) Rates INR/USD 60.19 0.36 2.68 INR/EUR 81.79 0.08 4.00 INR/GBP 102.57 (0.29) (0.48) INR/YEN (100) 59.00 (0.10) (0.51) INR/SGD 48.14 (0.03) 1.61 USD/EUR 1.36 0.06 (0.98) USD/GBP 1.70 0.13 2.89 USD/JPY 101.97 0.10 3.28 USD/AUD 1.06 (0.54) (5.55) USD/SGD 1.25 0.06 1.19

Rates

Latest

BPS

1D

BPS

YTD

(MGS) artillery programme of the Indian Army.

l   J Kumar Infraprojects has bagged 500-bed hospital and medical college project orders worth Rs 700 cr for building Employees State Insurance Corporation (ESIC) Hospital and Medical College at Alwar in Rajasthan. The company also has now entered into the work of Metro Rail project in Navi Mumbai.

l   Sundram Fasteners Investment, wholly owned subsidiary of Sundram Fasteners, has acquired 24.53% of equity share capital of TVS Infotech consequent to the allotment of right shares to Sundram Fasteners Investment.

l   AstraZeneca Pharma India (ASTR) has received shareholders approve voluntary delisting.

l   Syndicate Bank plans to expand its overseas operations by

Source: RBI, Bloomberg

opening branches in South Africa, UAE, Hong Kong, China and Thailand. The bank also plans to open more mid- corporate branches to cater to the micro, small and medium enterprises.