Morning Note

01 April 2013
make more, for sure.

DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 18836 5683 6142 5805 %Chg 0.70 0.73 1.45 1.33

FIRST LIGHT HEADINGS

India's Q3FY13 Current Account Deficit at $32.63 billion; record high of 6.7% of GDP BHEL exits joint venture by selling equity stake in UPCL to TANGEDCO Siemens gets nod for amalgamation of Winergy Drive Systems India with itself ONGC to farm out stake in four CBM gas blocks to experienced energy firms BPCL, Oman Oil's JV firm to ink pact with banks to refinance debt Apollo Hospitals in advance talks to acquire Lifeline Hospitals: Report Finolex Ind. commences commercial production of PVC pipes manufacturing at Masar

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 3100 14102 264529 281731

%Chg
86.63 61.22 35.65 37.15

MARKET INSIGHT
On Thursday 28 March 2013, the trading session turned out to be a tremendous day of trade for

NET INFLOWS (Rs Crs)

FIIs DIIs 573.9 (346.1)

%Chg
6.61 178.66

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 7542.75 34665.86 21462.63 30.17

%Chg
-51.77 -43.04 -16.34 -98.98

Indian equity markets as both the frontline indices, after trading choppy for most part of the session, changed their gear in late trade to re-claim psychological 18,800 (Sensex) and 5,650 (Nifty) levels. Earlier, the domestic markets made a lackluster start tailing sluggish global cues as weak euro zone data, a sluggish debt auction in Italy and fears of a potential run on Cyprus banks stoked investors concerns about instability in Europe. But, buying which emerged in last leg of trade helped key gauges to end the last day of F&O expiry of March month in a great style after investors scooped up on battered blue chip stocks amidst hopes of strong fund inflow by corporate before the financial year end and strong corporate earnings in the upcoming quarter, which gave the Indian equity markets required boost. Additionally, Auto remained the lone loser, declining by three fourth of a percent as auto companies will start unveiling monthly sales volume data for March 2013 from April 1, 2013. BSE Sensex gained 131.24 points or 0.70% to settle at 18,835.77, while the CNX Nifty rose by 40.95 points or 0.73% to end at 5,682.55. The BSE Mid cap index was up by 1.46%, while the Small cap index up 1.32%. The top gainers on the BSE sectoral front were, Metal up 2.69%, CG up 2.17%, CD up 1.89%, PSU down 1.76% and Bankex up 1.66%, while Auto down 0.76% was the only loser on the sectoral space. On the Global Front, European shares edged higher in early deals on Thursday, recovering from a three-week low hit in the previous session as bargain hunters picked up beaten-down stocks on the last trading day of the quarter. However, worries over the impact of a bailout of Cyprus capped the gains. Meanwhile, some recovery was also seen in Asian counters as after a sluggish trade for most part of the session, some of the counters shut shop in green terrain. Meanwhile, real estate developers are likely to move the finance ministry against a proposed tax on property sales, as they feel that the prevailing economic slowdown is impacting the sector's growth. The government has proposed a new Section 43CA in the I-T Act, in which the developers have to pay the tax on the basis of assessed valuation of a property at the time of transfer, instead of levying tax on the basis of sale price, fixed when the project was initiated. As per the new Section 43CA in the I-T Act, if the consideration for the transfer of an asset (other than capital asset), being land or building or both, is less than the stamp duty value, the value so adopted or assessed or assessable shall be deemed to be the full value of the consideration for the purposes of computing income under the head profits and gains of business or profession. The real estate developers are of the view that the proposed tax is presumptive and questioned the constitutional validity.

World Indices
Dow Jones Nasdaq FTSE 100 14579 3268 6412

%Chg
0.36 0.34 0.38

Commodity
Crude (US$/bl)

%Chg
97.2 1596.0 0.66 -0.59

Gold (US$/oz) Top 5 Movers SIEMENS GAIL HINDALCO HCLTECH AMBUJACEM

Close Price
550 316 91.55 800 174

%Chg
4.3 4.03 3.8 3.17 3.11

Top 5 Loser
TATAMOTORS HEROMOTOCO BHARTIARTL MARUTI BAJAJ-AUTO

Close Price
269.4 1541 291.95 1,275.00 1777.25

%Chg
-2.32 -1.96 -1.67 -1.41 -1.33

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Morning Note
make more, for sure.

MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: The NSE's 50-share broadly followed index Nifty rose by over forty points to end above the psychological 5,650 support level, while Bombay Stock Exchange's Sensitive Index -- Sensex surged by over one hundred and thirty points to finish above the psychological 18,800 mark. Moreover, broader markets too traded superbly during the session and garnered a gain of over one percent. The market breadth remained in favor of advances as there were 1,627 shares on the gaining side against 1,148 shares on the losing side while 122 shares remain unchanged. India VIX, a gauge for markets short term expectation of volatility lost 3.67% at 15.22 from its previous close of 15.80 on Tuesday, while in F&O segment, Nifty April futures saw an addition of 1.96 million (mn) units taking the total outstanding open interest (OI) to 11.16 mn units. The near month April 2013 derivatives contract will expire on April 25, 2013. For the upcoming sessions we expect some consolidation around 5610-5630 level although sentiments remain buoyant. Any substantial break down below this range may further boost the traderss sentiment and we might see 5555-5510 in a short span of time. On the flip side 5950-5980 could be the upper range for the current series.

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
18550 5595 11070

Support 1
18680 5640 11190

Previous Close
18836 5682 11362

Resistance 1
18990 5730 11510

Resistance 2
19120 5770 11650

Trend
Rangebound Rangebound Rangebound

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Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

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Morning Note
make more, for sure.

NAME
Varun Gupta Pashupati Nath Jha Vikram Singh

DESIGNATION
Head - Research Research Analyst Research Analyst

E-MAIL
varungupta@moneysukh.com pashupatinathjha@moneysukh.com vikram_research@moneysukh.com

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Please refer to important disclosures at the end of this report

For Private circulation Only

For Our Clients Only

Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

SEBI RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293