MARKET UPDATE

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. Investor should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or
fall. Past performance is not necessarily a guide the future prospectus and performance.