Suvidha Financial Consultants

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1 Suvidha Financial Consultants

2 Contents Index Views SENSEX Index Movers BSE 200 Index Movers FII and MF Data SENSEX Movement Key Developments India Key Developments International Mutual Fund investments are subject to market risks, read all scheme related documents carefully. 2

3 Index Views Last Closing % Change Over 1 week 1 month YTD 1 year NIFTY 8,285 (1.12) (0.67) SENSEX 27,458 (1.38) (1.22) (0.15) NSE MIDCAP 12,583 (1.00) 2.10 (0.00) NSE 500 6,783 (1.09) NIFTY JUNIOR 18,634 (1.16) 1.77 (0.23) BSE SMALLCAP 11,198 (1.08) BSE 200 3,431 (1.10) *DOW JONES 17, *NASDAQ 4, (0.64) NIKKEI 17,198 - (3.46) (1.45) 8.30 HANG SENG 23, SHANGHAI COMP 3,285 (1.94) BSE OIL & GAS 9,840 (0.73) (4.66) (0.56) BSE CAPITAL GOODS 15,462 (2.60) (1.89) BSE AUTO 18,835 (1.13) (0.05) BSE FMCG 7, (3.91) BSE HEALTHCARE 14, (1.03) (0.01) BSE TECH 5, BSE IT 10, BSE BANK 21,346 (1.97) 1.91 (0.52) BSE PSU 8,145 (1.88) 0.71 (1.00) BSE REALTY 1,532 (2.76) (7.71) (1.49) BSE METALS 10,487 (3.94) (2.84) (2.47) 8.12 BSE CONSUMER DURABLES 9,709 (1.61) SOURCE : BLOOMBERG * DENOTES THURSDAY CLOSE 3

4 SENSEX Index Movers Last Price % Change Over 1 week 1 month YTD 1 year Hindustan Unilever Ltd Infosys Ltd 2, HDFC Bank Ltd Mahindra & Mahindra Ltd 1, (2.30) Dr Reddy's Laboratories Ltd 3, (5.69) (2.50) Tata Steel Ltd 400 (4.10) (8.38) Axis Bank Ltd 495 (4.29) 1.38 (1.32) Sesa Sterlite Ltd 207 (5.64) (6.05) (3.11) 3.54 ICICI Bank Ltd 342 (5.78) (2.37) (3.09) Bharat Heavy Electricals Ltd 255 (6.79) (1.72) (4.00) SOURCE : BLOOMBERG BSE 200 Index Movers Last Price % Change Over 1 week 1 month YTD 1 year Pipavav Def and Off Eng Co Ltd Videocon Industries Ltd Hindustan Unilever Ltd Bharat Electronics Ltd 3, Berger Paints India Ltd Great Eastern Ship Co Ltd 350 (7.44) (11.97) (3.08) NMDC Ltd 135 (7.55) (3.36) (6.66) (2.98) Religare Enterprises Ltd 337 (7.60) 5.98 (9.16) Power Finance Corp Ltd 280 (8.00) 0.87 (6.86) Page Industries Ltd 11,043 (8.53) 2.73 (5.90) SOURCE : BLOOMBERG 4

5 SENSEX LEVEL January 05, 2015 to January 09, 2015 FII and MF Data (Week Ended ) Rs. Crores FII GROSS PUR 11, FII GROSS SELL 13, FII NET (1,838.21) FII MONTH T0 DATE NET (1,283.17) MF GROSS PUR 3, MF GROSS SELL 2, MF NET MF MONTH T0 DATE NET SOURCE : SEBI SENSEX WEEKLY , , ,987 26,909 1/5/2015 1/6/2015 1/7/2015 1/8/2015 1/9/2015 SOURCE : BLOOMBERG DATE 5

6 Key Developments India: Palm oil imports by India, the world s biggest buyer, probably declined for the first time in six months in December after stockpiles rose to a record before the government increased taxes on shipments. Futures fell for the first time in four days. Overseas purchases of crude and refined palm oil probably slid 18 percent to 700,000 metric tons from a year earlier, according to the median of five processor and broker estimates compiled by Bloomberg. Total shipments, including for industrial use, dropped 6.3 percent to 1 million tons, the survey showed. The Solvent Extractors Association releases the data in the middle of the month. Shipments may decline in the coming months as refiners and traders deplete the inventories accumulated before the tax increase last month. Stockpiles at ports and scheduled shipments probably reached an alltime high of 2 million tons at the start of 2015, said Sandeep Bajoria, chief executive officer of Mumbaibased Sunvin Group. Imports were heavy earlier because of the anticipation of an increase in duty, leading to the accumulation of stocks, Pradip Desai, managing director at broker Palmtrade Services Pvt., said by phone from Mumbai. The consumption is not able to keep pace with these high imports. Total purchases will be lower than 1 million tons in the next couple of months. Infosys Ltd. options dropped after India s second-largest software exporter maintained its dollar revenue forecast and reported profit that beat estimates. At-the-money implied volatility, a measure of protection against stock swings using options, slumped 24 percent to 24.5 at 1:52 p.m. in Mumbai, the most since October. Calls with a strike price of 2,100 rupees had the highest volume, with 30,613 contracts changing hands. Total open interest climbed to 48,544 contracts, compared with the 20-day average of 19,928, data compiled by Bloomberg show. Volatility will decline further as the revenue guidance has been maintained, Supreeth Shankarghal, a director at hedge fund QF Assets Ltd., said by phone from Bengaluru. Traders who had sold put and call options, a wager known as a strangle that pays when volatility ebbs, are reaping profits, he said. Net income climbed 13 percent to 32.5 billion rupees ($521 million) in the December quarter from a year earlier, exceeding the 31.6 billion-rupee median of 29 analysts estimates in a Bloomberg survey. Infosys maintained its forecast for full-year sales to rise 7 percent to 9 percent in U.S. dollar terms. Infosys shares surged 4.1 percent to 2, rupees, the most since Oct. 10. The stock rose 13 percent in 2014, trailing the 30 percent gain in the Sensex, as investors favored shares linked to the local economy on optimism Prime Minister Narendra Modi s government will revive growth. Indian stocks rose for a second day, paring a weekly loss, as the nation s second-largest software exporter reported profit that beat estimates and global stocks rallied. Infosys Ltd. rallied the most in three months after the company maintained its annual sales forecast. Hindustan Unilever Ltd., the biggest homeproducts maker, climbed to a record. Drugmaker Cipla Ltd. gained the most in three weeks. The S&P BSE Sensex gained 0.4 percent to 27, at 1:01 p.m. in Mumbai, paring the weekly decline to 1.9 percent. Net income at Infosys rose 13 percent to 32.5 billion rupees ($521 million) in the December quarter from a year earlier, exceeding the 31.6 billion-rupee median of 29 analysts estimates in a Bloomberg survey. Spending on technology has improved dramatically, and the guidance given by Infosys is conservative, Trip Chowdhry, a U.S.-based analyst at Global Equities Research, told Bloomberg TV India today after the earnings announcement. Infosys can easily meet or beat the top-end of its guidance. India s rupee headed for its biggest weekly gain since May on optimism demand for emerging-market assets will be sustained amid the prospect of further euro-area stimulus. European Central Bank President Mario Draghi said this week that policy makers may undertake measures including buying sovereign bonds to spur growth. Minutes of the Federal Reserve s December meeting released Jan. 8 showed the U.S. is unlikely to raise interest rates before late April. Global funds bought a record $26.4 billion of Indian debt in 6

7 2014 while pouring about $16 billion into the nation s stocks, exchange data show. The rupee climbed 1.4 percent from Jan. 2 to a dollar as of 10:20 a.m. in Mumbai, poised for its biggest weekly gain since May 16, prices from local banks compiled by Bloomberg show. The currency rose 0.4 percent today and is Asia s best performer this week. Indian sovereign bonds headed for a second weekly advance. The Reserve Bank of India forecasts the $1.9 trillion economy, Asia s third-largest, to grow 5.5 percent in the year ending March 2015, compared with 4.7 percent last year. International: European stocks fell with U.S. equity-index futures and the dollar weakened after a second Federal Reserve official cautioned against raising interest rates this year. U.S. oil headed for its longest rising streak since August. The Stoxx Europe 600 Index slipped 0.3 percent by 8:17 a.m. in London, while Standard & Poor s 500 Index futures dropped 0.2 percent after both gauges erased 2015 losses yesterday. The Shanghai Composite Index erased a gain of as much as 3.4 percent amid stimulus speculation. U.S. oil climbed a third day, adding 0.5 percent. The Bloomberg Dollar Spot Index slipped 0.1 percent after Minneapolis Fed President Narayana Kocherlakota said higher rates would hinder a recovery in inflation. A new-year selloff in global equities reversed in recent days after Fed meeting minutes indicated the bank hadn t altered its view on rates and on the prospect of further European Central Bank stimulus. Insurers and banks led a short-lived surge in Chinese stocks after factory gate prices fell 3.3 percent in December, suggesting room for further monetary easing. Chicago Fed President Charles Evans also warned against raising rates, with payrolls data today projected to show unemployment falling to 5.7 percent. More than 10,000 people working at Mexican oil service companies were laid off this week as state-owned Petroleos Mexicanos cut contracts in the face of the global slump in crude prices. More job losses are expected. Most of the companies are based in Ciudad del Carmen, on the Campeche Bay in the Gulf of Mexico, and were told this week that contracts wouldn t be renewed with Pemex, as the world s ninth largest oil producer is known. Job losses could rise to 50,000, Gonzalo Hernandez, secretary at the Ciudad del Carmen Economic Development Chamber, said in a phone interview. The city is in shock, Stuart Hill, managing director of Xperto Offshore in Mexico, said in an interview from Ciudad del Carmen. We were told it was based on Pemex s budget reductions. Oil production at Pemex fell for the 10th straight year in The company posted a net loss of around $4.4 billion in the third quarter, its eighth consecutive quarterly loss. The U.K. has thwarted three terrorist plots in recent months, the head of the domestic intelligence agency said as he called for more resources to deal with the threat of Syria-based extremists. The rare speech by Andrew Parker, the head of Britain s intelligence agency, came after the U.K. tightened security at its borders following the deadly attack this week on the satirical magazine Charlie Hebdo in Paris. The U.K. s terror alert level is already the second highest on a five-point scale and hasn t been changed by the Paris attack. Parker, the director-general of MI5, said the U.K. faces threats from Islamic State in Syria, while al- Qaeda is also planning mass casualty attacks against the West, including on transport systems and iconic targets. About 600 British extremists have traveled to Syria, and a significant proportion joined Islamic State, he said. We face a very serious level of threat that is complex to combat and unlikely to abate significantly for some time, Parker said last night in London. MI5 cannot hope to stop everything, he said. Parker defended the need for agencies to intercept communications and access data. The right to privacy shouldn t erode security agencies ability to prevent attacks, he said, echoing comments made in November by Robert Hannigan, head of GCHQ, the U.K. s surveillance agency. 7

German industrial production unexpectedly fell for the first time in three months in November as energy output slumped, signaling that the recovery in Europe s largest economy remains vulnerable.

8 German industrial production unexpectedly fell for the first time in three months in November as energy output slumped, signaling that the recovery in Europe s largest economy remains vulnerable. Output, adjusted for seasonal swings, fell 0.1 percent from October, when it climbed a revised 0.6 percent, the Economy Ministry in Berlin said today. Economists in a Bloomberg News survey predicted an increase of 0.3 percent, according to the median of 25 estimates. Production dropped 0.5% percent from a year earlier. The Bundesbank has said the German economy managed only a modest start to the fourth quarter, after effectively stagnating in the prior six months. While surveys have shown that economic sentiment in the country is improving, the outlook is clouded by the euro area s struggle with sluggish growth, falling prices and Greek political instability. The most important message is that we have to be a bit more patient, said Andreas Rees, chief German economist at UniCredit MIB in Munich. In terms of business sentiment, there is more and more evidence that German companies already turned the corner. However, in line with economics 101, hard data typically lag behind such leading indicators. News source: Bloomberg CL01498 Risk Factor: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Disclaimer: The article (including market views expressed herein) is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing. Recipient of this article/ information should understand that statements made herein regarding future prospects may not be realized. He/ She should also understand that any reference to the securities/ sectors in the document is only for illustration purpose and are NOT stock recommendations from the Author or the AMC or any of its associates. Any performance information shown refers to the past should not be seen as an indication of future returns. The value of investments and any income from them can go down as well as up. 8

CONTENTS. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

CONTENTS. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. CONTENTS Index Views SENSEX Index Movers BSE 200 Index Movers FII and MF Data SENSEX Movement Key Developments International Key Developments Domestic Mutual Fund investments are subject to market risks,