Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Educomp said its ICT division 'Edureach' has PTC India Financial Services, the non-banking
bagged an order worth Rs680mn from financial institution promoted by PTC India,
Maharashtra government for implementing its has fixed a price band at Rs26-28 a share for
solutions. (FE) its initial public offering to be offered through
100 per cent book-building. (FE)
Religare Enterprises plans to raise up to
Rs25bn for expansion, including investments in Henkel India has proposed to sell its
insurance business besides acquisitions. (ET) professional hair care and hair styling brand,
Schwarzkopf Professional. (BL)
Sebi has cleared the acquisition of Ispat
Industries by JSW Steel, paving the way for The Supreme Court would decide if the
the acquirer to make a fresh offer for buying up government can impose 50% penalty on two
to 20% stake from public shareholders. (ET) Tata group telco firms for the delay in
payment of their licence fees, based on
Fortis Healthcare has entered into unilaterally modified terms and conditions of
collaboration with US-based TotipotentRX Cell their licence agreements under UASL.(BS)
Therapy Pvt Ltd to set up stem cell therapy
centres across its select hospitals. (ET) The retail arm of Aditya Birla Group plans to
open 130 supermarkets and a dozen
Idea Cellular and handygo jointly announced hypermarkets in the year starting in April.(BS)
the launch of an interactive voice response-
based solution, which aims to provide day-to-
day information to rural masses. (ET)
Market Mantra
News…
Economy snippets
Market Mantra
Technicals
Markets breathe a sigh of relief on Mondays as Renuka Sugars (SELL, below Rs70, Target
Nifty rallied in the later half of trading session to Rs63): On the daily chart, Renuka Sugars is
close above 5,500 levels despite a weak opening. trading near the triangle resistance line, which
As markets have retreated from the support of suggest that the likelihood of further upside over
5,400 levels, it is heading back to test the the short-term has diminished. For now, the
resistance of 5,650 levels in coming days and risk/return of establishing long positions is less
would be critical to watch whether it manages to than ideal. Renuka Sugars has thrice run into the
break the cluster of resistance thereafter. falling resistance line of the Triangle formation and
fallen back, and yesterday’s session was a fourth
Support/Resistance levels attempt to close above the resistance line.
Close Support Resistance Moreover, appearance of falling tops signifies the
Nifty 5,531 5,450 5,556
bulls inability to form higher highs. Based on above
Sensex 18,439 18,230 18,580
mentioned technical evidences, we recommend
traders to short Renuka Sugars March Futures
Abnormal change in delivery
Stock NSEDely (%) Prev NSEDely (%) Price % chg
below Rs70 with stop loss of Rs73 for target
Apil 66.2 22.1 (0.5) of Rs63.
Tatacomm 45.2 16.1 0.6
Harrmalaya 23.5 9.1 (2.1)
Polaris 31.8 12.3 0.1
Suzlon 67.6 14.4 (2.4)
Market Mantra
Technicals…
Market Mantra
Deals
Bulk deals
Date Scrip name Client name B/S Qty ('000) Avg price (Rs) Deal size (Rs m)
14/3/2011 Suzlon Energy Limited Morgan Stanley Mauritius Company B 39,192 45 1,753.8
14/3/2011 Educomp Solutions Limited Oppenheimer Funds Inc A/C S 760 417 316.8
14/3/2011 Suzlon Energy Limited Morgan Stanley Mauritius Company S 480 46 22.2
14/3/2011 ASIAN OILFIE Fidelity Multitrade Pvt. Ltd. B 100 41 4.1
14/3/2011 B & A LIMITE National Isurance Co Ltd S 40 109 4.4
Insider trades
Transaction Qty Shares Holding after
Company name Acquirer date B/S ('000) transactions (%) transaction (%)
Bhagwati Autocast Ltd Mandakini P Bhagwati 3/3/2011 B 0.2 34.3 8.8
Bhagwati Autocast Ltd Mandakini P Bhagwati 4/3/2011 B 0.4 34.8 8.8
Bhagwati Autocast Ltd Mandakini P Bhagwati 28/02/2011 B 420.3 34.3 8.8
Bhagwati Autocast Ltd Reena P Bhagwati 1/3/2011 B 0.2 34.5 11.4
Bhagwati Autocast Ltd Reena P Bhagwati 3/3/2011 B 0.3 34.3 11.4
Bhagwati Autocast Ltd Reena P Bhagwati 4/3/2011 B 0.5 34.8 11.4
Bhagwati Autocast Ltd Reena P Bhagwati 28/02/2011 B 0.4 34.3 11.4
Bhansali Engineering Polymers Ltd Dhudidevi Bhansali 1/3/2011 B 11.3 0.0 1.3
Bhansali Engineering Polymers Ltd Dhudidevi Bhansali 28/02/2011 B 12.2 0.0 1.3
Biocon Ltd Kiran Mazumdar - Shaw, J M M 4/3/2011 S 64.4 0.0 0.0
Dabur India Ltd Sunil Duggal 28/02/2011 S 10.0 0.0 0.2
Dolat Investments Ltd Pooja V Shah 3/3/2011 B 13.4 0.0 0.3
Dynemic Products Ltd Dynemic Holdings Pvt Ltd 3/3/2011 B 0.3 0.0 1.2
Eicher Motors Ltd K Ramesh S ‐ 0.2 0.0 0.0
Frontline Business Solutions Ltd Blackgold Machining Works Pvt 2/3/2011 B 1,217.5 13.7 13.7
Frontline Business Solutions Ltd Frontline Bhoomi Vistar Pvt Ltd 2/3/2011 B 811.7 9.1 9.1
Frontline Business Solutions Ltd Natwar Sureka 2/3/2011 B 243.5 0.0 3.6
Frontline Business Solutions Ltd Technosteel Engineering Pvt Ltd 2/3/2011 B 1,217.5 13.7 13.7
Frontline Business Solutions Ltd Violet Media Pvt Ltd 2/3/2011 B 974.0 10.9 10.9
Gangotri Iron & Steel Company Ltd VIP Finstock Pvt Ltd 5/3/2011 S 25.0 0.1 0.0
Gcv Services Ltd Prakash Dhebar 25/02/2011 B 28.4 0.3 0.3
Gcv Services Ltd Prakash Dhebar HUF 25/02/2011 B 886.2 0.0 0.0
11/05/2010 -
Godfrey Phillips India Ltd Royal Bank of Scotland PLC as B 217.3 2.1 7.0
01/03/2011
Granules India Ltd Shivangi Sharma -- 1/0/1900 0.0 0.0 0.0
Hdfc Bank Ltd Anil Nath 1/3/2011 S 0.5 0.0 0.0
Hdfc Bank Ltd Rajender Sehgal 1/3/2011 S 1.5 0.0 0.0
Intellivate Capital Ventures Ltd Vipul J Modi 1/3/2011 S 1.7 0.0 33.5
Intellivate Capital Ventures Ltd Vipul J Modi 28/02/2011 S 1.5 0.0 33.6
Ivrcl Assets & Holdings Ltd E Sudhir Reddy 21/02/2011 B 1.0 0.0 0.0
Ivrcl Assets & Holdings Ltd E Sudhir Reddy 22/02/2011 B 3.1 0.0 0.1
Ivrcl Assets & Holdings Ltd E Sudhir Reddy 22/02/2011 B 0.9 0.0 0.1
Jai Balaji Industries Ltd Aditya Jajodia 4/3/2011 B 15.1 0.0 4.5
Jai Balaji Industries Ltd Aditya Jajodia 7/3/2011 B 4.4 0.0 4.5
Jai Mata Glass Ltd Growmore Properties Pvt Ltd -- S 1,955.0 2.0 0.0
Kotak Mahindra Bank Ltd Himanshu V Vasa 3/3/2011 S 2.0 0.0 0.0
Kotak Mahindra Bank Ltd Mahesh Balasubramanian 4/3/2011 S 2.5 0.0 0.0
Lakshmi Electrical Control Systems Lakshmi Electrical Drives Ltd 7/3/2011 B 0.0 0.0 0.0
Lupin Ltd Udayan S Ambegaokar 8/3/2011 S 0.3 0.0 0.0
Mahindra Holidays & Resorts India Uday Y Phadke 7/3/2011 S 2.0 0.0 0.0
Meghmani Organics Ltd Ashishbhai N Soparkar 22/02/2011 B 14.7 0.0 0.8
Meghmani Organics Ltd Ashishbhai N Soparkar 23/02/2011 B 30.0 0.0 0.1
Meghmani Organics Ltd Ashishbhai N Soparkar 24/02/2011 B 25.0 0.0 0.0
Motor & General Finance Ltd Grosvenor Estates (P) Ltd 7/3/2011 B 2.6 0.0 3.7
Nandan Exim Ltd Savitridevi V Chirpal 4/3/2011 B 100.0 0.0 0.2
Nandan Exim Ltd Savitridevi V Chirpal 4/3/2011 B 96.9 0.0 0.2
Omkar Overseas Ltd Champalal Agarwal 25/02/2011 B 4.6 0.1 0.0
Omkar Overseas Ltd Champalal Agarwal 25/02/2011 B 4.6 0.1 0.0
Patel Engineering Ltd Pravin Patel 7/3/2011 B 0.5 0.0 0.0
Patel Engineering Ltd Sonal Patel 7/3/2011 B 0.5 0.0 0.5
FII’s trades
Scrip name Volume ('000) Price (Rs) Prem/Disc (%)
Union Bank 98.6 343.1 1.9
Bank of Baroda 19.2 955.0 5.6
Pantaloon 330.0 330.0 25.2
Market Mantra
Derivatives
Maximum open interest in calls for March series Index Futures 2,541 1,279 1,262 (4,396) (1)
Index Option 5,516 5,149 366 (21,013) (1)
is at 5,700 strike prices. Stock Futures 773 843 (69) 10,133 1
Maximum open interest in Puts for March series Stock Options 234 239 (5) 1,481 4
is at 5,400 strike prices.
Nifty March 5,500 Call added 0.11mn shares in Institutional activity
open interest. (Rs cr) Cash F&O MTD YTD
Nifty March 5,400 Put added 1.28mn shares in FII's (216.3) 1,553.6 (376.4) (8,387.8)
MF's (51.2) - 1,369.5 2,419.5
open interest. FIIs Prov. 414.4
MFs Prov. 7.7
Strategies
Short KTK Bank March Future in range of Overall market
14-Mar- 11-Mar- 10-Mar- Value %
Rs103.5 – 102.5 for the Target price of Rs97.5 11 11 11 chg
with a Stop loss placed at Rs105.5. Index Future (Rs cr) 14,952 18,397 12,960 (18.7)
Lot size: 2165 Stock Future (Rs cr) 11,610 12,962 10,930 (10.4)
Remarks: Net maximum profit of Rs12,990 and Index Options (Rs cr) 71,560 85,744 38,812 (16.5)
net maximum loss of Rs6,495. Stock Options (Rs cr) 2,755 2,834 1,863 (2.8)
Index Future (Cont '000) 582 726 509 (19.8)
Stock Future (Cont '000) 459 515 432 (10.8)
Short Tata Chemicals March Future in range Index Options (Cont '000) 2,589 2,187 2,144 18.4
of Rs325 - 323 for the Target price of Rs315 Stock Options (Cont '000) 104 206 90 (49.8)
with a Stop loss placed at Rs328. PCR (OI) 1.1 1.1 1.1 2.3
Lot size: 500 PCR (VOI) 0.4 0.4 0.4 (5.1)
Sector-wise OI
12 % Chg
8
4
0
-4
Textile
Power
Sugar
Metals
FMCG
Total Future
Real Estate
IT
Others
Cement
Logistics
Pharma
goods &
Automobiles
Telecom
Media
Capital
Fertilizers
Banking
Market Mantra
Derivatives…
Market Mantra
Mutual Funds
Fund focus
ICICI Prudential Dynamic Fund Invest
Fund manager Sankaran Naren Min investment Rs5,000
Latest NAV Rs103.8 Entry load Nil
NAV 52 high/low Rs112/87 Exit load 1% before 1 year
Latest AUM Rs2,785cr Benchmark S&P CNX Nifty
Class Equity – diversified Asset allocation Equity (81%), Cash (19%)
Options Growth & dividend Expense ratio 1.85%
Top Recommended Funds (Absolute returns (in %) are based on previous close)
Assets NAV
Equity – Diversified (Rs Cr) (Rs) 1wk 1mth 3mth 6mth 1yr 2yr 3yr 5yr
ICICI Prudential Dynamic - (G) 2,785 103.8 0.1 (0.9) (5.1) (2.6) 10.9 132.7 39.9 105.5
Reliance Equity Opportunities – (G) 2,259 15.6 0.3 (0.8) (7.5) (11.4) 8.2 122.8 34.6 --
HDFC Top 200 (G) 9,482 201.5 (0.2) (0.8) (8.4) (7.4) 12.0 151.2 48.3 117.6
Equity – Thematic
Reliance Pharma Fund (G) 544 50.9 1.0 (2.8) (8.1) (3.4) 11.9 204.1 126.3 165.2
ICICI Pru Tech Fund (G) 228 18.1 (0.7) (2.2) (4.5) 6.3 23.7 232.2 36.6 66.9
Franklin FMCG Fund (G) 46 63.9 0.5 3.1 (4.9) (5.7) 21.2 119.9 71.5 80.1
Hybrid
HDFC Prudence Fund (G) 5,761 203.0 0.1 (0.6) (5.8) (6.6) 12.8 148.3 53.5 117.9
HDFC MIP – LTP (G) 9,996 22.6 0.1 0.1 (1.0) (0.4) 7.7 48.4 38.8 66.2
Reliance RSF - Balanced (G) 806 21.0 (0.3) (3.2) (9.6) (11.7) 3.5 122.0 48.3 106.2
NFO Update
#
Fund name Open date Close date Type Class
ICICI Prudential Series 56 - 1 Year Plan A 10-Mar 16-Mar CE Debt - FMP
Birla Sun Life Fixed Term Plan-Series CU 8-Mar 16-Mar CE Debt - FMP
UTI FMP- Yearly Series - March 2011 (YFMP 03 / 11) 16-Mar 17-Mar CE Debt - FMP
ICICI Prudential Series 55 - 6 Months Plan C 9-Mar 18-Mar CE Debt - FMP
ICICI Prudential Series 55 - 13 Months Plan A 16-Mar 22-Mar CE Debt - FMP
#OE: Open Ended, CE: Close Ended
Recent Actions
HDFC Prudence Fund declares 35% dividend. The record date is March 17, 2011.
Reliance Mutual Fund declares dividend under Reliance Vision Fund (40%) and Reliance Diversified Power (15%) Fund. The
record date is March 18, 2011.
SBI Magnum Tax Gain 1993 Fund declares 40% dividend. The record date is March 18, 2011.
Principal PNB FMP- 91 Days- Series XXVII declares dividend. The record date is March 16, 2011.
ICICI Prudential Quarterly Interval Plan II declares 7% dividend. The record date is March 16, 2011.
Kotak Quarterly Interval Plan Series 1 declares dividend. The record date is March 16, 2011.
Disclaimer: Mutual Fund is subject to market risk, please read the offer document carefully before investing.
Market Mantra
House Recommendations
House Recommendations
The large cap Buys and Sells are relative outperformer and underperformer bets vis-à-vis the Nifty
respectively. Reduce portfolio weight in stocks with Sell rating. Midcap Buys are based on absolute return
expectations.
Market Mantra
Economy
Jun-06
Dec-06
Jun-07
Dec-07
Jun-08
Dec-08
Jun-09
Dec-09
Jun-10
Dec-10
Dec-06
Feb-07
Apr-07
Jun-07
Aug-07
Oct-07
Dec-07
Feb-08
Apr-08
Jun-08
Aug-08
Oct-08
Dec-08
Feb-09
Apr-09
Jun-09
Aug-09
Oct-09
Dec-09
Feb-10
Apr-10
Jun-10
Aug-10
Oct-10
Dec-10
Feb-11
G-Secs yield M3 growth
10 Yr Gsecs 5 Yr Gsecs M3 (LHS) M3 yoy % (RHS)
9.5 65,000 25.0
(%) 1 Yr Gsecs (Rs bn) (%)
60,000
8.5
20.0
55,000
7.5
50,000 15.0
6.5 45,000
40,000 10.0
`
5.5
35,000
5.0
4.5
30,000
Nov-10
Feb-09
Apr-09
Jun-09
Aug-09
Oct-09
Dec-09
Jan-10
Sep-10
Dec-10
Feb-11
Jul-10
Nov-09
Nov-10
Mar-11
Apr-09
Jun-09
Sep-09
Jan-10
Feb-10
Apr-10
Jun-10
Aug-10
Sep-10
Jan-11
Jul-09
6.5 18.0
10
16.0
6.0 14.0
8
12.0
5.5 6 10.0
8.0
5.0 4
6.0
4.0
4.5 2
2.0
4.0 0 0.0
May-09
May-10
Jan-09
Sep-09
Jan-10
Sep-10
Jan-11
Nov-09
Mar-10
Nov-10
Mar-11
Apr-09
Jun-09
Sep-09
Jan-10
Apr-10
Jun-10
Aug-10
Oct-10
Jan-11
Jul-09
Market Mantra
0
5
10
15
20
25
30
35
40
45
FDI
0
200
400
600
800
(400)
(200)
0
1,000
2,000
3,000
4,000
Sep-05
Jan-09
May-09
Mar-06
Mar-09
(US$ bn)
Jul-09
(Rs bn)
Market Mantra
Fiscal deficit
(US$ mn)
Economy…
May-09 Sep-06
Sep-09
Jul-09 Mar-07
Nov-09
Sep-09
Sep-07
Jan-10
Nov-09
Mar-08
Trade deficit (Quarterly)
Jan-10 Mar-10
Sep-08
Mar-10 May-10
Jul-10 Sep-09
Sep-10
Sep-10
Nov-10 Mar-10
Nov-10
Jan-11 Sep-10
Jan-11
0
5
10
15
20
150
200
250
300
350
(10)
(5)
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Mar-09
Sep-05
Jan-09
Apr-09
Mar-09 Mar-06
Jun-09
(US$ bn)
(US$ bn)
May-09
Jul-09 Sep-06
Jul-09
Sep-09
Aug-09 Mar-07
Nov-09
RBI forex reserves
Oct-09
Currency movement
Dec-09 Sep-07
INR/USD
INR/GBP
Dec-09
Feb-10
Feb-10 Mar-08
Apr-10
Apr-10
May-10 Sep-08
May-10
Jul-10
Jul-10 Mar-09
Aug-10
Current account deficit (Quarterly)
Sep-10
INR/EURO
Oct-10 Sep-09
INR/100 Yen
Nov-10
Dec-10
Mar-10
Dec-10
Jan-11
Feb-11 Sep-10
Event Calender
Market Mantra
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