s Phone : +91 33 2359 4612 +91 33 2359 4614 +91 33 2358 1953 E-mail : research@shriraminsight.com Shriram Market Analysis and Research Team For Private Circulation Only mart THURSDAY JULY 02 2015 Indian Market S&P CNX Nifty 8444.90 8453.05-0.10% SENSEX 27945.80 28020.87-0.27% Exchange Turnover (Rs. in Crore) MARKET CURRENT Previous NSE Cash 15285.17 15885.97 NSE F&O 147619.58 175052.43 Previous FII Positions(In Crore) ACTIVITIES Cash F&O NET BUY 75.03 1852.79 NET SELL - - Economic News Sectoral Indices BSE BANKEX 21342.17 21324.46 0.08% BSE IT 10560.18 10604.12-0.41% BSE CG 17791.57 17814.72-0.13% BSE OIL & GAS 10033.30 9947.78 0.86% BSE FMCG 7783.37 7761.29 0.28% BSE AUTO 19044.78 18960.81 0.44% BSE HC 16597.12 16663.45-0.40% BSE POWER 2056.61 2055.26 0.07% BSE METAL 9378.44 9437.41-0.62% Top Gainers BOSCHLTD 23014.85 22039.35 4.43% IDEA 182.65 178.90 2.10% BHARTIARTL 433.15 424.45 2.05% M&M 1313.45 1288.00 1.98% KOTAKBANK 1435.35 1408.25 1.92% Asia Pacific Markets NNikkei225 20522.50 20330.32 0.95% HangSeng 26282.32 26250.03 0.12% Straits Times 3327.84 3331.14-0.10% Shanghai 3912.77 4053.70-3.48% Kospi 2107.33 2097.89 0.45% Jakarta 4944.78 4904.06 0.83% Taiwan 9379.24 9375.23 0.04% KLSE Composite 1733.88 1727.96 0.34% All Ordinaries 5587.90 5506.00 1.49% Top Losers TATAMOTORS 436.40 444.50-1.82% HINDALCO 111.05 113.05-1.77% TECHM 479.30 486.15-1.41% VEDL 173.55 176.00-1.39% CIPLA 626.35 634.90-1.35% Crude Oil closed at US$ 56.96 per barrel and Rupee closed at Rs. 63.5705 against each US$. The Union Cabinet has cleared the ambitious Pradhan Mantri Krishi Sinchaee Yojana ( PMKSY), which, with an outlay of Rs50,000 crore spread over a period of five years starting from 2015-16, aims to provide irrigation to every village by converging the various ongoing irrigation schemes. U.K. Food Standards Agency gave a clean chit to Maggi produced in India saying it is safe to eat. The FSA said that levels of lead in the product were within the EU permissible levels. The company currently exports Maggi noodles to Canada, UK, Singapore and Kenya and to third parties in the US, Australia and New Zealand. Corporate News Larsen & Toubro Limited ( NSE : LT ) said that L&T Construction s Power Transmission and Distribution ( PT&D ) has won orders valued Rs. 1885 crores in domestic and international markets. Bharti Airtel Limited ( NSE : BHARTIARTL ) completes divestment of African tower assets in 5 countries aggregating proceeds of over Rs8000 crore ($1.3 billion) which would be utilized for reducing the debt of the company. Bharti Airtel Limited ( NSE : BHARTIARTL ) announced that the company is fully ready to launch National Mobile Number Portability. Extending its spirit of Customer First, the company also introduced many firsts including faster processing of porting requests, free incoming on roaming, balance transfers and carry forward options. With this, mobile customers spread across the country can now easily shift between States without having to change their mobile number. National Buildings Construction Corporation Limited ( NSE : NBCC ) has announced that the Company has secured Project Management Consultancy ( PMC) business of Rs914.54 cr from various clients in the month of June 2015. *Through Insight Commodities & Futures Pvt. Ltd. EQUITIES DERIVATIVES COMMODITIES* DP SERVICES MUTUAL FUNDS RESEARCH SHRIRAM INSIGHT SHARE BROKERS LTD. CK-5, Sector-II, Saltlake City, Kolkata - 700 091 Tel : 2359 4612, 2359 4614, 2359 4877 Fax : (033) 2321-8429 E-mail : research@shriraminsight.com
Kotak Mahindra Bank Limited ( NSE : KOTAKBANK ) said that it has slashed base rates by 0.10% to 9.75% per annum, following similar moves by its larger rivals after RBI cut policy rate earlier this month. Kotak Mahindra Bank has reduced base rate from current level of 9.85% p.a. to 9.75% p.a. with effect from July 2, 2015. IndusInd Bank Limited ( NSE : INDUSINDBK ) has received Competition Commission approval for the acquisition of Royal Bank of Scotland s gems and jewellery financing business. Sun Pharmaceuticals Industries Limited ( NSE : SUNPHARMA ) said that Sun Pharma arm Taro has received US FDA nod for generic of Clarinex. Global News Eurozone producer prices fell 2% year-on-year in May. Month-on-month, producer prices remained flat after falling 0.1% in April. U.K. Markit and the Chartered Institute of Purchasing & Supply said the U.K. construction purchasing managers index rose to 58.1 from 55.9 in May. U.K. house prices dropped 0.2% month-on-month in June. On a yearly basis, house price growth moderated to 3.3% from 4.6% a month ago. U.S. seasonally adjusted final Markit Manufacturing Purchasing Managers Index registered 53.6 in June, down from 54.0 in May. U.S. ISM purchasing managers index rose to 53.5 in June from 52.8 in May. The employment index jumped to 55.5 in June from 51.7 in May. The ISM s new orders index also crept up to 56.0 in June from 55.8 in May, while the production index dipped to 54.0 from 54.5 in the previous month. The prices index was unchanged at 49.5. U.S. employment in the private sector jumped by 237,000 jobs in June following an upwardly revised increase of 203,000 jobs in May.. Market Talk Auto sales for June 2015 Hero MotoCorp Limited Hero MotoCorp dispatch volumes for the month were up marginally by 0.1% YoY to 542,362 units. The company launched the new version of its executive segment motorcycle i.e Passion Pro and 150cc motorcycle Xtreme Sport during the month. Bajaj Auto Limited Bajaj Auto June 2015 volumes up 8.5% YoY to 331,317 units. Bajaj Auto s motorcycle volumes for the month grew by 9.7% YoY to 287,582 units. Incremental sales from the newly launched CT100 have aided growth. Three wheeler volumes for the month were up a modest 1.1% YoY to 43,735 units. Overall exports for the month were up 15.5% YoY to 156,074 units. TVS Motor Company Limited TVS Motor reported a 9.1% YoY growth in overall volumes for June 2015 to 222,099 units. The motorcycle segment volumes were higher by 18.4% YoY to 88,675 units. The scooter volumes were rose by 2.1% YoY to 58,328 units. Moped volumes were up 1.9% YoY to 63,999 units. Two wheeler exports continued to remain strong and grew by 25% to 33,233 units. Three wheeler segment volumes rose by 25.5% YoY to 11,097 units. Escorts Limited Escorts domestic tractor volumes for the month were lower by 3.3% YoY at 6,139 units. Tractor volumes were up 29.5% on a month-on-month basis. Tractor exports stood at 99 units. Eicher Motors Limited Eicher Motors commercial vehicle (CV) domestic volumes for the month were up 1.8% YoY to 3,537 units. CV exports for the month were down 26.2% YoY at 526 units. The motorcycle division i.e. Royal Enfield volumes for the month of June were up 47.6% YoY to 37,341 units. Motorcycles volumes rose by 5.6% month-onmonth as the company continues to ramp-up production capacity.
Index Chart Indian market finished the session on a weaker note, weighed down by IT stocks. While Nifty closed at 8,444.90, down 8.15 points while as the Sensex lost 75.07 points, ending the day at 27945.80. NSE Nifty touched an intra-day high of 8,479.25 and low of 8,433.20 while BSE Sensex touched an intra-day high of 28115.96 and low of 27906.35. Top gainers were BOSCHLTD ( 4.43% ), IDEA ( 2.10% ), BHARTIARTL ( 2.05% ), M&M ( 1.98% ) and KOTAKBANK ( 1.92% ). Top losers were TATAMOTORS ( -1.82% ), HINDALCO ( -1.77% ), TECHM ( -1.41% ), VEDL ( -1.39% ) and CIPLA ( -1.35% ). BSE Oil and Gas index finished with 0.86% gains followed by Auto, TECk and FMCG, up 0.28-0.44%. The downward trend was led by BSE Metal, IT and Pharma, down 0.40-0.62%. BSE Midcap Index was up 0.49% and BSE Smallcap Index moved 0.57% higher. Asian stocks ended mostly higher while Europe also edged higher. Nifty may find support at around 8425, 8406 and resistance at around 8471, 8498. INDEX LTP PTS. CHANGE CHANGE(%) SENSEX 27945.8-75.07-0.27% CNX NIFTY 8,444.90-8.15-0.10% CNX NIFTY JUNIOR 20,285.40 219.45 1.09% LIX 15 3,619.05-0.15 0.00% INDIA VIX 15.5575-0.29-1.81% CNX 100 8,536.25 7.40 0.09% CNX 500 6,983.35 11.05 0.16% CNX MIDCAP 13,313.90 109.50 0.83% NIFTY MIDCAP 50 3,299.20 21.80 0.67% CNX SMALLCAP 5,419.40 19.50 0.36% CNX 200 4,409.10 5.35 0.12%
Bulk Deals DATE SCRIPS NAME BUYER/SELLER BUY/ AVERAGE QNTY. SELL RATE 1-Jul-15 MBECL RAJASTHAN GLOBAL SECURITIES LTD BUY 222078 95.36 1-Jul-15 MBECL FOREFRONT CAPITAL MANAGEMENT PRIVATE LIMITED BUY 272185 95.49 1-Jul-15 RAJTV KIRAN KUMAR M BUY 300000 42.09 1-Jul-15 TALWALKARS IIFL CAPITAL LIMITED BUY 162797 305 1-Jul-15 ALLSEC TORREY PINES INVESTMENTS LIMITED SELL 90000 30.02 1-Jul-15 CAMLINFINE DHWAJA SHARES & SECURITIES PRIVATE LIMITED SELL 584500 105.14 1-Jul-15 MANGALAM LOVLIN TRADING CO.PVT.LTD. SELL 85000 60.65 1-Jul-15 TALWALKARS IIFL MUTUAL FUND-IIFL INDIA GROWTH FUND SELL 163570 305 Forthcoming Event Board Meetings as on 03/07/2015 Relaxo Footwears Limited Allotment of Securities Corporate Actions as on 03/07/2015 Pfizer Limited Dividend Rs.12.50 Per Share Zensar Technologies Limited Dividend Rs 6.50 Per Share
Derivatives Watch SYMBOL Expiry Prev. Change Change Open Prev. Open Change Change Date LTP LTP in Price Interest* Interest in OI * NIFTY 30-Jul-15 8438 8455.2-17.2-0.20% 705299 681027 24272 3.56% RELIANCE 30-Jul-15 1014 1011.45 2.35 0.23% 119711 118086 1625 1.38% ICICIBANK 30-Jul-15 313.3 313.8-0.55-0.18% 39708 39112 596 1.52% HDFCBANK 30-Jul-15 1062 1066.65-4.65-0.44% 113367 111799 1568 1.40% HDFC 30-Jul-15 1277 1286.6-9.6-0.75% 38382 37637 745 1.98% INFY 30-Jul-15 990.9 1001.55-10.65-1.06% 56946 56550 396 0.70% LT 30-Jul-15 1806 1817.75-11.65-0.64% 48452 48643-191 -0.39% SBIN 30-Jul-15 268.6 268.9-0.35-0.13% 57224 57469-245 -0.43% * figures show no of contracts Nifty July series futures witnessed a fresh short position build up. Open Interest has been increased by 24272 contracts at the end of the day. Long position build up for the July series has been witnessed in RELIANCE. Short position build up for the July series has been witnessed in ICICIBANK, HDFCBANK, HDFC, INFY. Unwinding of position for the July series has been witnessed in LT, SBIN. D I S C L A I M E R This document has been prepared by Shriram Insight Share Brokers Ltd. and is meant for sole use by the recipient and not for circulation. This document is not to be reported or copied or made available to others. The information contained herein is from sources believed reliable It should not be considered to be taken as an offer to sell or a solicitation to buy any security or as an official confirmation of any transaction. We do not represent that it is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The investments discussed or recommended in this report may not be suitable for all investors. Shriram Insight Share Brokers Ltd stock Recommendation Service is a general recommendation service and is not to be construed as an individual investor specific Portfolio Management and Advisory Service. The user assumes the entire risk of any use made of this information. Each recipient of this document should arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult its own advisors to determine the merits and risks of such an investment. Shriram Insight Share Brokers Ltd shall not be responsible for any loss or liability incurred to the user as a consequence of his or any other person on his behalf taking any investment decisions based on the information, recommendations, research reports, analysis, quotes, etc. provided on the web site Shriram Insight Share Brokers Ltd and its affliated company (ies), their directors and employees may; (a) from time to time, having a long or short position in, and buy or sell the securities of the company (ies) recommended. (b) be engaged in any other transaction involving such securities and act as a market maker in the securities of the company (ies) or lender / borrower to such company (ies) or may have any other potential conflict of interests with respect to any recommendation and other related information and opinions. Shriram Insight Share Brokers Ltd shall also not be liable for errors, omissions or typographical errors, disruption delay, interruption, failure, deletion or defect of/in the Service provided by it. All Users of the Service in countries other than India understand that by using the Service, they may be violating the local laws in such countries. If the User chooses