AMC Advisory Updates Date: 3rd July, 2014
Weekly Market Roundup & Outlook A bout of volatility was witnessed after news reports on 25 th July 14, that Finance Minister Arun Jaitley has announced extension of the concessional excise duty on automobiles, capital goods and consumer goods by six months till 31 st December 14. Expectations from upcoming final Union Budget for 2014-15 which is expected on 10 th July 14 will continue to drive trend on the bourses in the near term. To attract more investors into the stock market, the Bombay Stock Exchange (BSE) has recommended reduction in Securities Transaction Tax (STT) which at the rate of 0.1% on both the seller and the buyer. Asia Pacific share market closed mostly down on 27 th June 14, amid concerns about prospects of an increase in US interest rates. Meanwhile, selloff pressure mounted after reports showed weak U.S. consumer spending and slowing Chinese industrial profit growth, casting doubts over the economic health of the world's two biggest economies. Amongst the sectoral indices on BSE, majority sectors ended up in green except for Oil, Metal, PSU and Bankex. During the previous week, FIIs have sold net equity of Rs. 590 crore and the DIIs have sold net equity worth Rs. 460 crore. Source : CapitaLine, Bloomberg and Reuters Note: MOAMC does not take the responsibility for the authenticity of the above data/news/information. It is merely replication of the data / news / information already available in public.
Macros That Matter Indices 27-Jun-2014 23-Jun-2014 % Change DJIA 16,851.84 16,871.98-0.12% Nasdaq 4,397.93 4,377.98 0.46% Nikkei 225 15,095.00 15,369.28-1.78% Straits Times 3,271.05 3,257.40 0.42% Hang Seng 23,221.52 22,804.81 1.83% FTSE 100 6,757.77 6,800.56-0.63% DAX 9,815.17 9,920.92-1.07% Shanghai Composite 2,036.51 2,024.37 0.60% Indices 27-Jun-2014 23-Jun-2014 % Change CNX Nifty 7,508.80 7,493.35 0.21% S&P Sensex 25,099.92 25,031.32 0.27% S&P BSE Midcap 9,205.17 9,018.07 2.07% S&P BSE Smallcap 10,022.29 9,816.35 2.10% Source : CapitaLine
Macros That Matter Major Currencies Vs INR 26-Jun-2014 23-Jun-2014 % Change USD 60.16 60.19-0.05 GBP 102.23 102.56-0.32 EURO 82.04 81.91 0.17 YEN 59.12 59.05 0.12 Asset Class 27-Jun-2014 23-Jun-2014 % Change NYMEX Crude (US$/Barrel) 105.74 106.17-0.41 Gold(Rs/10gm) 28,150.00 28,600.00-1.57 Silver (Mumbai)(Rs/per kg) 45,223.00 44,999.00 0.5 Source : CapitaLine
News Update TCS (Value Strategy - ~7.58%) Tata Consultancy Services (TCS), India's largest software services firm, has been selected by Dutch insurance firm REAAL N.V. to develop and modernize mainframe applications and servicing the company's life insurance portfolio. TCS was up 3.78% at Rs 2,396.70. The stock hit record high of Rs 2,397 on 27 th June 2014. The five-year engagement will be focused on building a scalable and best-in-class technology platform for REAAL N.V. as it looks to increase agility across the business, TCS said in a statement. "Across the insurance sector, there is a growing need to provide flexible parameters in line with business portfolio. This is a significant milestone for TCS in the Dutch life insurance market," TCS Director (Benelux) Amit Kapur said. TCS has been present in the Netherlands and Benelux region since 1992 and has continuously invested in the market locally to deliver consistent results to its customers. Its Benelux operations comprise over 5,000 professionals working across Netherlands, Belgium and Luxembourg. Source: Business Standard The given Stock is a part of portfolio of a model client of Value Strategy as on June 27 th 2014. The stock forming part of the existing portfolio under Value Strategy may or may not be bought for new client. Name of the PMS Strategy does not in any manner indicate its future prospects and returns. Above information is merely replication of the data / news already available in public and should not be construed as recommendations from MOAMC.
News Update Tech Mahindra (Value Strategy - ~8.85%) Shares of Tech Mahindra were up nearly 3% on 26 th June 14 after the company forged a strategic alliance with Finland-based Comptel and opened a Centre of Excellence at Pune to support communications service providers with their compled OSS/BSS transformation projects. The CoE is focused on developing and enabling CSPs with fulfillment solutions that support their service innovation and delivery objectives, the company said in a release. "The CoE is an ideal platform for showcasing how Comptel's robust suite of fulfillment solutions, combined with our delivery expertise, can accelerate CSPs' IT and business transformations. We are committed to building and maintaining this relationship for the long run." the release said quoting Murali Madhavan, OSS Head, Tech Mahindra. The stock opened at Rs 2,050 and touched a high of Rs 2,102 so far. Over 700,000 shares were traded on both the stock exchanges on 27 th June 2014. Source: Business Standard The given Stock is a part of portfolio of a model client of Value Strategy as on June 27 th 2014. The stock forming part of the existing portfolio under Value Strategy may or may not be bought for new client. Name of the PMS Strategy does not in any manner indicate its future prospects and returns. Above information is merely replication of the data / news already available in public and should not be construed as recommendations from MOAMC.
PMS Strategies Performance Portfolio 1 Week 3 Months 1 Year 3 Years 5 Years Value Strategy 3.90 15.59 35.40 11.52 13.98 CNX Nifty 0.21 13.05 28.42 10.76 11.41 NTDOP Strategy 3.58 15.31 45.88 26.92 26.12 CNX Midcap 1.97 28.90 46.97 11.17 14.53 Focused V Strategy 1.76 12.08 35.68 14.81 NA S&P BSE 200 0.68 16.54 32.36 10.64 NA Bulls Eye Strategy 3.24 13.18 39.08 17.47 13.39 S&P BSE 200 0.68 16.54 32.36 10.64 11.36 Returns are ABSOLUTE for <1 yr and COMPOUND ANNUALIZED for >=1 yr.the above strategies returns are of a Model Client as on June 27 th 2014. Returns of individual clients may differ depending on factors such as time of entry/exit/additional inflows in the strategies. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Name of the PMS Strategies do not in any manner indicates its future prospects and returns.
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