Morning Note

19 SEPT 2013

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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 19962 5899 5601 5477 %Chg 0.80 0.84 0.45 0.07

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1464 8692 103408 113564

%Chg
0.76 -1.97 -0.90 -0.96

MARKET INSIGHT
On Wednesday 18 Sept 2013, Indian equity markets after making a flattish start stunned the

NET INFLOWS (Rs Crs)

FIIs DIIs 580.1 (508.4)

%Chg
82.37 1.44

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 13154.40 70792.04 28581.35 1917.85

%Chg
5.77 1.20 1.31 2.95

traders with its momentum approaching the last hour of trade. With across the board buying, all the sectoral indices ended in green. Nevertheless, stocks from Realty, Banking and Fast Moving Consumer Goods enticed maximum attention. Consumer goods makers and drug companies perceived defensive, rose on caution ahead of the conclusion of the two-day US Federal Reserve meeting. Besides, shares of jewellery makers also hogged limelight in today's trading session after the government increased import duty on gold and silver to 15 percent from 10 percent to protect the domestic industry. The market breadth on the BSE ended positive; advances and declining stocks were in a ratio of 1219: 1117, while 167 scrips remained unchanged. However, Asian shares ended mixed as investors contemplated over what could be the first tentative step taken by the US Federal Reserve to wean the world off the super-easy money it has used to treat the last five years of financial turmoil. a high and a low of 20013.33 and 19775.29 respectively. Among the 30-share Sensex, 24 stocks gained, while 6 stocks declined. The BSE Mid cap and Small cap indices ended higher by 0.45% and 0.08% respectively. On the BSE Sectoral front, Realty up by 2.03%, Bankex up by 1.56%, FMCG up by 1.37%, Oil & Gas up by 0.87% and Health Care up by 0.81% were the top gainers, while there were no losers in the space. (Provisional) from its previous close of 27.93 on Tuesday. The CNX Nifty gained 49.25 points or 0.84% to settle at 5,899.45. The index touched high and low of 5,916.90 and 5,840.20 respectively. Out of the 50 stocks on the Nifty, 36 ended in the green, while 14 ended in the red. muchanticipated US Federal Reserve policy meeting. The Fed will wrap up its meeting later Wednesday, with many investors expecting the central bank to start reducing the scale of its bond-buying program - a process that has become known as tapering. South Korean markets will be closed from today i.e. September 18 for the rest of the week for the Chuseok holidays. Trade will resume on September 23. The average prices of new homes in 70 Chinese cities in August rose to their highest levels so far this year, spurred by unabated home-buying in major cities even as analysts called for more sustainable policies to tame price gains.

World Indices
Dow Jones Nasdaq FTSE 100 15677 3784 6559

%Chg
0.95 121.94 -0.17

Commodity
Crude (US$/bl)

%Chg
108.5 1363.2 2.68 5.08

Gold (US$/oz) Top 5 Movers DLF NTPC TATAPOWER GRASIM BANKBARODA

Close Price
161.4 145.75 78.6 2,613.15 534.9

%Chg
4.91 4 3.97 3.72 3.31

Top 5 Loser
BHEL HEROMOTOCO SESAGOA CAIRN NMDC

Close Price
130.5 2,012.00 177.75 318.85 122.7

%Chg
-4.43 -2.95 -1.55 -1.39 -0.97

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Indian equity markets in the choppy session of trade gained close to a percent ahead of the conclusion of the twoday US Federal Reserve meeting later in the evening. After slipping several times below neutral line and recovering thereafter, local equity markets picked up pace in the last leg of trade to end well in the green terrain. Building on previous sessions' gains, both, Sensex and Nifty, ended just shy of the crucial 20,000 and 5,900 psychological levels respectively. Appreciation of Rupee on dollar sales by banks and exporters on the back of its weakness overseas, also aided the sentiment at Indian equity markets. Nevertheless, positive trade of European markets, which held nearly 5 years high on expectations that the US central bank would announce only a moderate reduction in its programme of monetary stimulus, provided the required impetus to the local equity markets. For the upcoming sessions we believe spot index may continue its range bound journey however 5690-6030 could be the near tern resistance levels. On the flip side 5810 followed by 5722 may be the near term support levels. HAPPY TRADING...............

Index
SENSEX NIFTY BANK NIFTY

Support 2
19302 5732 11025

Support 1
19705 5812 10292

Previous Close
19962 5899 10525

Resistance 1
20122 5966 10705

Resistance 2
20305 6040 10998

Trend
Rangebound Rangebound Rangebound

Please refer to important disclosures at the end of this report

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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

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

Morning Note
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NAME
Varun Gupta Mohit Taneja Vikram Singh

DESIGNATION
Head - Research Research Analyst Research Analyst

E-MAIL
varungupta@moneysukh.com

mohit.t@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 Regn No. INB010985834 / 010985834 NSE: INB230781431 SEBI Reg.No: BSE: INBBSE: 010985834, F&O: INF 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