MARKET UPDATE 6-Apr-15 MARKET OUTLOOK Sensex Indian Market Index Closing Change % Change Nifty 28504 244 0.86 MID CAP SMALL CAP 10870 119 1.11 8660 74 0.86 CNX MIDCAP 11299 153 1.37 13274 121 0.92 Hang Shanghai Nikkei 225 Seng Composite 25276 3864 19398 38 193 37 0.77 1.00 0.19 Dow Nasdaq Jones Composite 17763 4887 World Market Closing 65 7 Change 0.37 0.14 % Change Close Auto Bankex CONSUMER DURABLES CAPITAL GOODS FMCG IT Metal OIL & GAS Power PSU REALTY Change 19636 21358 10675 17685 8063 11297 9505 9477 2164 7750 1800 % Change 170 2 215 244 185 19 38 118 27 71 109 0.87 (0.01) 2.06 1.40 2.35 0.17 (0.40) 1.26 1.24 0.92 6.43 GOLD SILVER CRUDE COPPER BUY Index Futures Index Options Stock Futures Stock Options 66604 695981 83260 40590 1513 15973 2557 1190 Contracts 62601 628869 79239 39434 NSE Cash NSE F&O Today Previous 17040 153504 15966 174773 BSE 2938 2704 26983 38148 3138 379 In Crs. 1438 14499 2408 1165 ESSDEE DBREALTY 6833 24 0.35 % Change Forex Market Nest Trading Today Previous 62.16 62.59 Rs. / 1 US Dollar 68.23 67.51 Rs./ 1 Euro 92.73 92.46 Rs./ 1 Pound 0.52 0.52 Rs./ 1 Yen Change (0.43) 0.72 0.27 0.00 Inflation (31/10) IIP (31/01) GDP (31/12) CPI (28/02) CRR (29/01) 1.8 2.6 7.5 5.4 4.0 Yr Ago 5.4 2.6 5.3 5.5 4.8 7.2 5.6 4.7 8.0 5.5 STAR MF - TURNOVER HIGHLIGHTS SubscriptionRedemption Total 8127 1451 9578 No. of Orders Value (In Rs) 503408281 181521471 684929752 MARKET BREADTH Advances Declines Unchanged BSE F&O 12906 BSE 12886 NSE 1798 1069 Upper Circuit Company 11967 34 0.28 Economic Indicators YoY (In %) Current Qtr Ago Cash Market Trade (In Crs.) Net( Crs.) Buy Sell 4438 3501 937 1667 1837 170 Market Turnover (In Crs.) FII DII 5074 12 0.24 1.45 2.14 3.33 0.80 SELL In Crs. FTSE DAX 386 799 101 3 FII Derivatives Statistics Contracts CAC Commodity Market Closing Change Sector Watch Index CNX CNX SGX Nifty SMALL NIFTY CAP JUNIOR 5829 19820 8693 112 185 9 1.96 0.94 0.10 930 447 Total 116 48 2844 1564 Lower Circuit Group LTP Circuit Limit % B B 148.65 72.75 9.99 9.98 Company PMCFIN TILAKFIN Group LTP Circuit Limit % A B 34.00 44.20 (9.93) (4.95) $ = IndoNext Script . CORPORATE HAPPENINGS Top Gainers (100) Scrip Closing HDIL SUNPHARMA UNITECH GLENMARK ABB Top Losers (100) % Change Scrip 25 90 1 59 67 24.3 8.3 8.0 7.5 5.2 RELINFRA FEDERALBNK PNB TATASTEEL CUMMINSIND 25 14 13 1 34 24.3 12.8 12.7 8.0 7.9 PSITINFRA ASAHIINDIA GUJRATGAS CHAMBLFERT MONSANTO 20.0 20.0 19.6 19.4 16.8 ASTAR UTTAMVALUE SYNCOMF BHUSANSTL FORTUNEF Change 129 1169 18 848 1342 Closing Top Gainers (MIDCAP) HDIL DCMSHRIRAM PRISMCEM UNITECH ABAN 1415 45 653 107 637 Sun Pharma ITC ONGC Tata Motors Dr Reddys Labs Scrip Name LTP 1169 341 317 568 3679 Ex-Date 236 8 107 17 92 Change 90 9 11 9 153 50 138 617 70 2864 827 89 140 1181 346 Company ALSTOMT&D KITEX SMLISUZU APLAPOLLO AHLUCONT 3 4 17 2 73 (4.9) (2.9) (2.6) (2.6) (2.5) 110 0 0 3 13 (9.1) (7.4) (5.7) (5.2) (5.0) BSE Index Negative Contributors Points 80 52 25 22 21 Company Forthcoming Corporate Actions Record Purpose 8-Apr 3rd Interim Dividend - Rs.8.00 8-Apr Final Dividend - Rs.2.50 9-Apr Interim Dividend - Rs.5.00 9-Apr Interim Dividend - Rs.0.50 9-Apr Stock Split from 5 to 1 9-Apr Interim Dividend - Rs.5.00 16-Apr Stock Split from 10 to 2 16-Apr 2nd Interim Dividend - Rs.20.00 16-Apr Stock Split from 10 to 5 Spurt Volume LTP Today's Volume Vol(Lacs) 585 9 Change 31 653 2 16 1415 1 14 437 3 11 279 2 9 LTP 824 1327 321 620 1031 Reliance HDFC ICICI Bank Wipro HDFC Bank Date COLPAL SKFINDIA BIOCON MAYUR MENONBE-$ MYSOREBANK ARNOLD KBIL PITTILAM-$ (2.4) (2.2) (1.9) (1.8) (1.8) Top Losers (SMALLCAP) BSE Index Positive Contributors Company % Change 10 3 3 6 16 Top Losers (MIDCAP) 129 127 117 18 463 Top Gainers (SMALLCAP) SMLISUZU GRAVITA KITEX SUDARSCHEM SMSPHARMA Change 431 130 149 318 872 10-Apr-15 13-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 10-Apr-15 17-Apr-15 17-Apr-15 17-Apr-15 Top Turnover Company TECHM HDIL ALSTOMT&D FORCEMOT ADLABS LTP 643 129 585 1528 191 Points 11 7 2 11 3 BC Start Payment Date Date 9-Apr-15 - - Change (20.2) (11.3) (10.0) (8.8) (5.5) BC End Date 29-Apr-15 - Shares Total Traded Turnover 1388725 8924 6753566 8085 910744 5498 354885 5394 2903686 5346 ECONOMIC ROUND-UP 2014-15 iron ore imports hit record 15.5 mn tonne as prices tank More than half of imports brought in by JSW Steel, Tata Steel second. India's iron ore imports jumped to a record above 15 million tonne in the fiscal year to end-March as tumbling global prices and limited domestic supply pushed steelmakers to buy more of the raw material overseas, Formerly the world's No. 3 supplier of iron ore, India has been importing it over the past three years due to court-imposed restrictions aimed at curbing illegal mining in the major producing states of Karnataka and Goa.The shortage deepened last year when some mines in the states of Odisha and Jharkhand were ordered to close after the expiry of licences.India's iron ore imports totalled 15.5 million tonne in the past fiscal year India's Inc's credit quality recovery to be a bit slow in FY16: Mild uptick in investment, better private consumption to drive recovery,Credit ratio of India Inc continued recovery in the second half of 2014-15, but broad rebound is still a while away. Mid-size firms (turnover of Rs 100-500 crore) saw biggest gain in credit quality. They have been able to manage working capital requirements better.Overall, India Inc’s credit quality continued its slow recovery in 2014-15. the credit ratio coming in at 1.75 in the second half– up marginally from 1.64 in the first half. When upgrades are more than downgrades, the credit ratio will be greater than one.There were 466 downgrades in the second half, of which almost 60% were attributable to weak liquidity. Services PMI moderates in March Ahead of RBI's policy review, inflation rises on both input and output sides; after job stagnation in Feb, some hiring activity seen Growth in services, the largest sector of India’s economy, in March moderated when compared with the previous month. Employment generation, however, rose in March after a relative job stagnation a month before. Services PMI in March stood at 53.0 down from 53.9 in February but higher than the January level of 52.4. March saw an increase in the level of new business placed with Indian services companies. Though solid, the rate of expansion in this was lower than the previous month.Earlier, manufacturing PMI data for March had shown a rise over February to 52.1 from 51.2. The composite indicator a combination of PMI numbers for manufacturing and services saw a marginal decline to 53.2 in March from 53.5 in February.nput prices faced by services firms rose further in March. The rate of cost inflation was solid and the strongest since June 2014. RBI may hold rates tomorrow SLR could be reduced, banks might start lowering base rates.When the RBI reviews its monetary policy on Tuesday, market experts say, it might not change its monetary policy stance. As many as 10 of 12 leading bankers and market players that Business Standard polled on Saturday expect the central bank to maintain the status quo on the benchmark interest rate during its annual policy meeting. While only one respondent saw the possibility of a reduction in CRR, three said they expected a cut of 25-50 basis points in the SLR. COMMODITIES SPOT LIGHT Gold surges by Rs. 240 on firming global trends:Gold prices rose by Rs. 240 to trade at an over one-month high at Rs. 27,250 per 10 grams at the bullion market on Monday amid firming global trends and increased buying by jewellers and retailers.Silver also spurted by Rs. 900 to Rs. 38,500 per kg on increased off-take by industrial units and coin makers. In the national capital, gold of 99.9 per cent and 99.5 per cent purity climbed by Rs. 240 each to Rs. 27,250 and Rs. 27,100 per 10 grams, respectively, a level last seen on March 2. The precious metal had gained Rs. 435 in the previous three sessions. Sovereign, however, remained flat at Rs. 23,700 per piece of eight grams.Following gold, silver ready recorded significant rise of Rs. 900 to Rs. 38,500 per kg and weekly-based delivery by Rs. 830 to Rs. 38,180 per kg. Silver coins also spurted by Rs. 1,000 to Rs. 57,000 for buying and Rs. 58,000 for selling of 100 pieces. Crude oil rise by 2.8% on overseas cues.Speculators created positions amid a firm trend in Asia.Crude oil futures prices jumped up by 2.83% to Rs 3,123 per barrel today as speculators created positions amid a firm trend in Asia.At the MCX, crude oil for delivery in April gained Rs 86, or 2.83%, to Rs 3,123 per barrel, with a business turnover of 3,568 lots.The oil for the May delivery shot up by Rs 74, or 2.34%, to Rs 3,231 per barrel, with a business volume of 215 lots. Rupee gains against dollar after disappointing jobs data.The rupee appreciated by 37 paise to 62.12 against the dollar in early trade today at the Interbank Foreign Exchange after the American currency weakened overseas amid a higher opening in the domestic equity market. The rupee had ended 18 paise higher at 62.49 against the American currency on Tuesday on selling of dollars by banks and exporters on expectation of resumption of foreign capital inflows into equity market. CORPORATE NEWS Adlabs Entertainment rebounds from intra-day low.The stock has moved higher to Rs 195, bouncing back 26% from its intra-day low.The stock of theme park operator hit a low of Rs 155, after listing at Rs 162, a 10% below its issue price of Rs 180,Adlabs Entertainment touched high of Rs 199 and low of Rs 156 so far. It opened at Rs 168.A combined 5.81 million shares representing 7.3% of total equity of Adlabs Entertainment have changed hands. AstraZeneca Pharma vaults on pact with AstraZeneca UK.The company would receive the reimbursement of costs incurred for marketing and promoting new launch products. AstraZeneca Pharma India is a leading pharma company, with a broad range of medicines designed to fight disease in important areas of healthcare. The stock opened at Rs 952 and has touched a high of Rs 1,028 and a low of Rs 944. Bajaj Auto sales decline 22% in March.fall comes on back of two launches, Platina and CT100, in January and March respectively.The fall comes on the back of two launches, Platina and CT100, done by the company in January and March respectively. Other manufacturers such as Hero MotoCorp, Honda, TVS Motors posted growth during the same month.Three-wheeler sales of Bajaj Auto grew 21% during the reporting month to 40,667 units as against 33,739 units sold in the corresponding month previous year. Canara Bank to raise Rs 1,520 cr from LIC.Bank making preferential allotment of 40 million equity shares to insurance major.Bengaluru-based public sector lender Canara Bank is looking at raising Rs 1,520 crore from LIC by making a preferential allotment of 40 million equity shares.The Bank’s board of directors has already approved the issue and the Bank is holding an extraordinary general meeting on April 30, 2015 to obtain shareholders’ consent Deccan Gold seeks Sebi nod to raise Rs 44 cr from rights issue.Deccan Gold proposes to issue one equity share for every two shares held by its investors.As per the draft letter of offer of Deccan Gold filed with Sebi, the company would issue nearly 30 millio shares of face value of Re 1 "for an aggregate amount of Rs 444.14 million to the eligible shareholders on rights basis. Essar's Raniganj coal bed methane asset crosses 0.5 mn scmd production,Essar is the leading coal bed methane producer in India.While nearly 100 wells have been already placed on gas production, additional 155 wells have been drilled and are at various stages of the hydrofracking-completion-dewatering cycle for further gas production ramp up.With a total investment outlay of Rs 4,000 crore. Force Motors rallies on healthy March sales.The stock rallied 9% to Rs 1,555, after reporting 18% year on year total vehicles sales at 3,771 units in the month of March 2015 on back strong performance by the light commercial vehicles (LCVs) segments. The company had sold 3,193 vehicles in the same month last year.Total LCVs sales increased 24% at 1,892 units in the month of March 2015 against 1,529 units. GMR Infra-led consortium bags Rs 5,080-cr railway project.GMR Group is not required to provide significant investment for the project since it is implemented on EPC basis.In November 2014, the consortium had emerged as the lowest bidder amongst five contenders for the project through an international competitive bidding process HCL Technologies extends fall post March quarter outlook.The stock dipped 3% at Rs 912, extending its Wednesday's 4% fall.The stock opened at Rs 933 and touched a high of Rs 939 on the NSE. A combined 3.27 million shares changed hands on the counter.We have factored -260bp cross currency impact. EBIT% is expected to moderate to 22.2%. KEC International gains on bagging new orders.The company has bagged orders amounting to Rs 1185 crore in India and Rs 251 crore in the international market, a total of of 3.98 million shares have already changed hands on the BSE as against an average sub-one million shares that were traded daily in the past two weeks. The stock opened at Rs 85 and has touched a high of Rs 87 and a low of Rs 83 thus far. Disclaimer This report has been issued by Suresh Rathi Securities Private Limited (SRSPL). The information herein was obtained from various sources; we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities. This research report is prepared for private circulation. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investor should seek financial situation and the particular needs of any specific investing in any securities or investment strategies discussed or recommended in this report and should understand that statement regarding future prospectus may not be realized. 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