2017: issue 580, week: 22nd - 25th may · data, q4 results of india inc., trend in global markets,...
TRANSCRIPT
2017: Issue 580, Week: 22nd - 25th May
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From The Desk Of Editor
(Saurabh Jain)
SMC Global Securities Ltd. (hereinafter referred to as “SMC”) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and its associate is member of MCX stock Exchange Limited. It is also registered as a Depository Participant with CDSL and NSDL. Its associates merchant banker and Portfolio Manager are registered with SEBI and NBFC registered with RBI. It also has registration with AMFI as a Mutual Fund Distributor.
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SMC or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. SMC or its associates and relatives does not have any material conflict of interest. SMC or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and SMC has not been engaged in market making activity of the company covered by Analyst.
The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.
SMC does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.
lobal markets saw a sell off during the middle of the week amid political crisis in
U.S. and Brazil. In U.S. the justice department appointed a special counsel to Gprobe Russia's role in the 2016 election. However, U.S. markets came off from
the lows as jobless claims and regional manufacturing data beat forecasts, adding to signs
economic growth is on firm footing. European stocks traded higher as German producer
prices posted their strongest annual gain in over five years in April, as higher metals prices
drove up the costs for intermediate goods. Producer prices jumped 3.4% from April last year,
which marks the strongest increase since December 2011. Japan's gross domestic product grew
2.2 percent on an annualized basis in the three months ended March 31, the longest expansion
in a decade driven by continued strength in exports and firmer domestic demand.
Back at home, Finance Minister Arun Jaitley-headed GST Council decided to place services
under four slabs—5, 12, 18 and 28 percent— compared to the current uniform 15 percent
levy on all eligible services. The arrival of monsoon rains and its progress will be closely
watched. India's monsoon rains are reportedly expected to arrive on the southern Kerala
coast on 30 May 2017, two days ahead of schedule. The market may remain volatile as
month May 2017 derivatives contract expire on Thursday, 25 May 2017. Macroeconomic
data, Q4 results of India Inc., trend in global markets, investment by foreign portfolio
investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against
the dollar and crude oil price movement will dictate trend on the bourses in week ahead.
On the commodity markets front, market appeared nervous on what was happening in US
and this had stimulated volatility in commodity counter. Gold is benefiting as Trump faces
the biggest crisis of his presidency. Gold can face resistance near $1300 in COMEX and 29500
in MCX while it has support near $1220 in COMEX and 28000 in MCX. Crude oil prices may
remain firm on expectation of OPEC-led production cuts to extend beyond the middle of
this year and decline in inventories. Overall crude oil can trade in range of 3050-3400 in
MCX. Base metals counter can witness some short covering on lower level buying.
Furthermore, US and China economic data coupled with inventories in warehouses can give
further direction to the prices. FOMC Meeting Minutes, Bank of Canada Rate Decision, GDP
of UK, CPI of Japan, Advance Goods Trade Balance, GDP and Durable Goods Orders of US are
few important triggers for the market this week.
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
FD Monitor 16
Mutual Fund 17-18
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NEWS
DOMESTIC NEWS
Economy
• A new coal linkage policy to ensure an adequate supply of the fuel to power plants through reverse auction received approval of the Cabinet Committee on Economic Affairs (CCEA) in New Delhi. According to the cabinet, Shakti - Scheme for Harnessing and Allocating of Koyala (coal) Transparently in India - has been envisaged to make optimal allocation of the natural resource across power units.
Chemicals
• Mangalore Refinery and Petrochemicals Ltd plans to shut a 96,000 barrels per day (bpd) crude unit in September-October for 25 days. The is also planning to shut its hydrocracker for 30 days in Sept-Oct for catalyst change .
Power
• Tata Power Solar and Dell International Services India have jointly put up India's largest vertical solar farm of 120 kw.
Mining/Metals
• Bhushan Steel (BSL) has bagged the Kalmong west iron ore mine in Sundergarh district in an auction for the property which saw some aggressive bidding by country's top notch steel companies. The bidding for iron ore property is mainly done on the basis of revenue sharing from mining operation with the state government.
• Tata Steel has overcome the land hurdle for starting work on the second phase of its Kalinganagar project in Odisha, consisting of a steel capacity of five million tonnes.
• JSW Steel has drawn up capital expenditure programme of ̀ 26,800 crore for the next three years period to expand capacity. The company is looking at expansion of existing units, alongwith new greenfield steel projects at Odisha and Jharkhand, for which it has already started acquiring lands.
Tyre
• Apollo Tyres has lined up ̀ 2,500 crore capex for the current fiscal as it eyes a double- digit volume growth. The company, which recently commissioned its new manufacturing plant in Hungary, expects construction activity to commence at its new plant in Andhra Pradesh in the second half of the current year.
Pharmaceuticals
• Jubilant Life Sciences has received approval from the US health regulator to market amlodipine and olmesartan medoxomil tablets, used to treat hypertension, in the American market. This is the third approval that we have received from the USFDA during the current financial year.
• Alembic Pharmaceuticals has received approval from the US health regulator for Fenofibric Acid Delayed-Release capsules used for lowering high cholesterol and increasing good cholesterol.
Capital Goods
• BHEL has won `233 crore order for a steam and power generation package from Ramagundam Fertilizers and Chemicals Ltd (RFCL). The scope of the contract includes design, manufacture and commissioning of a 32.5 MW Gas Turbine, 125 TPH Heat Recovery Steam Generator, 85 TPH Utility Boiler and Balance of Plant (BoP) Package along with associated auxiliaries on Lumpsum Turnkey (LSTK) basis.
INTERNATIONAL NEWS
• U.S initial jobless claims edged down to 232,000, a decrease of 4,000 from the previous week's unrevised level of 236,000. Economists had expected jobless claims to rise to 240,000.
• U.S industrial production jumped by 1.0 percent in April after climbing by a downwardly revised 0.4 percent in March. Economists had expected production to rise by 0.3 percent .
• U.S housing starts fell by 2.6 percent to an annual rate of 1.172 million in April after tumbling by 6.6 percent to a revised 1.203 million in March. Economists had expected housing starts to climb to a rate of 1.260 million from the 1.215 million.
• U.K retail sales volume including auto fuel grew 2.3 percent month-on-month, reversing a 1.4 percent drop in March. This was the fastest growth since January 2016, and above the expected rate of 1.1 percent. Retail sales excluding auto fuel climbed 2 percent in contrast to March's 1.2 percent decrease. Economists had forecast a moderate 1 percent expansion.
• China's FDI decreased 4.3 percent from last year to CNY59.91 billion in April. This followed the 6.7 percent rise in March.
• Japan's gross domestic product gained 0.5 percent on quarter in the first three months of 2017. That was in line with expectations and up from 0.3 percent in the previous three months. On an annualized basis, GDP jumped 2.2 percent - exceeding forecasts for 1.7 percent and up from the upwardly revised 1.4 percent gain in the three months prior (originally 1.2 percent).
Ex-Date Company Purpose
22-May-17 Castrol India Dividend-Rs 4.50 Per Share 24-May-17 DCB Bank Dividend - Rs 0.50 Per Share24-May-17 HCL Technologies Buyback/Interim Dividend Rs 6/- Per
Share 25-May-17 Advanced Enzyme FV Split From Rs 10/- Per Share To Rs
Technologies 2/- Per Share26-May-17 State Bank of India Dividend-Rs 2.60 Per Share
Meeting Date Company Purpose
22-May-17 Engineers India Results/Dividend22-May-17 GAIL (India) Results/Dividend22-May-17 PTC India Financial Services Results/Dividend22-May-17 Bank of India Results/Others23-May-17 Future Retail Results/Dividend23-May-17 Jindal Steel & Power Results23-May-17 Tata Motors Results24-May-17 Gujarat Gas Results/Dividend24-May-17 PNC Infratech Results/Dividend24-May-17 Adani Enterprises Results24-May-17 Adani Ports and Special Results
Economic Zone 24-May-17 Lupin Results/Dividend25-May-17 Gujarat State Petronet Results/Dividend25-May-17 Ashok Leyland Results25-May-17 NMDC Results25-May-17 Indian Oil Corporation Results/Dividend25-May-17 Cipla Results/Dividend26-May-17 Mahanagar Gas Results/Dividend26-May-17 Rajesh Exports Results/Dividend/Others26-May-17 Tech Mahindra Results/Dividend26-May-17 Sun Pharmaceutical Ind. Results/Dividend26-May-17 Torrent Pharmaceuticals Results/Dividend26-May-17 ITC Results/Dividend26-May-17 Hindustan Petroleum Results/Dividend
Corporation
FORTHCOMING EVENTS
NOTES:1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name
of "Morning Mantra ".2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength
coming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.
TREND SHEET
Stocks *Closing Trend Date Rate SUPPORT RESISTANCE Closing
Price Trend Trend
Changed Changed
S&P BSE SENSEX 30465 UP 18.11.16 25627 28600 28000
NIFTY50 9428 UP 27.01.17 8641 8900 8700
NIFTY IT 10456 DOWN 21.04.17 10008 10500 10600
NIFTY BANK 22770 UP 27.01.17 19708 21400 21000
ACC 1675 UP 27.01.17 1431 1580 1550
BHARTIAIRTEL 373 UP 03.02.17 354 350 345
BHEL* 164 UP 27.01.17 140 - 160
CIPLA 565 DOWN 28.04.17 557 575 590
SBIN 308 UP 02.12.16 254 285 280
HINDALCO 191 UP 27.01.17 191 180 175
ICICI BANK 307 UP 21.10.16 277 285 280
INFOSYS 958 DOWN 13.04.17 931 980 1010
ITC 286 UP 13.01.17 250 270 265
L&T 1724 UP 13.01.17 1439 1660 1620
MARUTI 6791 UP 06.01.17 5616 6200 6100
NTPC 159 DOWN 03.03.17 156 168 170
ONGC 180 DOWN 31.03.17 185 195 200
RELIANCE 1319 DOWN 19.05.17 1319 1370 1400
TATASTEEL 490 UP 19.05.17 490 460 450
S/l
4
Closing as on 19-05-2017*BHEL has broken the support of 165
BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
FMCGHealthcare
Auto BankRealty
Cap GoodsCons Durable
Oil & GasPower
ITMetal
Down SidewaysUp
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
5
SMC Trend
Nifty Sensex BSE Midcap BSE Smallcap Nifty Junior S&P CNX 500
SMC Trend
FTSE 100CAC 40
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
-293.96
916.05
384.73
1044.19
1162.98
230.16
-400.00
-200.00
0.00
200.00
400.00
600.00
800.00
1000.00
1200.00
1400.00
Friday Monday Tuesday Wednesday Thursday
FII / FPI Activity MF Activity
11.46
7.40
4.053.62 3.49
-2.58-2.14 -2.06 -1.76 -1.40
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
Tata Steel TCS Lupin Dr Reddy's Labs
ICICI Bank Adani Ports Axis Bank O N G C Reliance Inds.
Cipla
11.35
7.44
4.14 3.84 3.80
-5.53-4.51
-3.63-2.81 -2.81
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
Tata Steel TCS Lupin ICICI Bank Dr Reddy's Labs
Yes Bank Tech Mahindra
Aurobindo Pharma
Adani Ports Eicher Motors
0.30
0.82
-0.70
-1.08
-1.77
-0.24
-2.00
-1.50
-1.00
-0.50
0.00
0.50
1.00
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Next 50
S&P CNX 500
-1.30
-2.27
-0.24
0.15 0.16 0.11
1.66
1.35
-0.87
-1.23 -1.23
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
0.50
1.00
1.50
2.00
Auto Index Bankex Cap Goods Index
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index
Power Index Realty Index
-1.08 -1.12-1.05
-1.66
-1.03
-0.08
0.21
0.01
-2.14
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
0.50
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.
FTSE 100 CAC 40
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
Beat the street - Fundamental Analysis
Source: Company Website Reuters Capitaline
6
Above calls are recommended with a time horizon of 8 to 10 months.
Investment Rationale homeland security establishments etc.·Astra Microwave Products Limited is engaged in ·Net profit of the company rose 58.35% to `30.26
designing and manufacturing of radio frequency (RF) crore in the quarter ended March 2017 as against and microwave super components and sub-systems `19.11 crore during the previous quarter ended March finding applications in defense, space, telecom, 2016. Sales rose 25.82% to `156.22 crore in the meteorology and civil communication systems. quarter ended March 2017 as against `124.16 crore
during the previous quarter ended March 2016.·The order book in FY 2017 is about `524 crores which includes export orders of about 150 crores Valuationand the overall orders booked during the year is The company expects to improve operating cash about 390 Crores. The company is well placed to flows and free cash flow significantly due to higher clock 40-50% accretion in order book in next 20 margins, stable working capital, and lower capex months given its favorable positioning in several going forward. The company is expanding its product low hanging defence projects like Uttam, offerings in line with growing requirement of the Ashlesha, Akash, etc. defence ministry apart from expanding its supply
·It is one of the few high quality vendors of sub- base for global OEMs. So it is expected that the systems for major defence PSUs/DRDO Labs with company would see good growth going forward. Thus, several PQs (pre-qualifications) in place. Also, the it is expected that the stock will see a price target of changing landscape of domestic defence `171 in 8 to 10 months time frame on a target P/E of procurement policy promoting local manufacturing 21x and FY18 (E) EPS of ̀ 8.16.augurs well for the company where it is focusing on adding several new products.
·The Company continues to do well in bagging export orders under Defence offset provisions. The Company's long standing credibility in terms of quality and timely supply is driving this business. The company has built significant competence to integrate as a supplier for global Original equipment manufacturer (OEMs) in defence space going forward.
·The Company is also very well positioned to move up the value chain. It has started development activity to build small systems and which will be supplied directly to the Indian armed forces,
P/E Chart
ASTRA MICROWAVE LIMITED CMP: 134.55 Upside: 27%Target Price: 171.00
Face Value (`) 2.00
52 Week High/Low 147.20/101.75
M.Cap (`Cr.) 1165.36
EPS (`) 6.23
P/E Ratio (times) 21.59
P/B Ratio (times) 2.57
Dividend Yield (%) 0.74
Stock Exchange BSE
` in cr
% OF SHARE HOLDING
VALUE PARAMETERS
Actual Estimate
FY Mar-16 FY Mar-17 FY Mar-18
Revenue 418.80 425.00 461.00EBITDA 95.84 97.21 122.00EBIT 71.79 72.72 97.75Pre-tax Profit 71.19 66.04 94.01Net Income 56.24 53.98 70.28EPS 6.76 6.23 8.16BVPS 46.10 52.32 58.63ROE 16.30 - 14.70
ZEE ENTERTAINMENT ENTERPRISES LIMITED CMP: 515.35 Upside: 19%Target Price: 612.00
Investment Rationale ?During Q4FY17, it has reported strong results. On a consolidated basis, net profit rose 568.47% to ?Zee Entertainment Enterprises is one of India's `1514.22 crore on 0.40% rise in net sales to leading television media and entertainment `1527.95 crore over Q4 March 2016. Net profit was companies. The company and its affiliate boosted by an exceptional income of `1223.44 companies have leading presence across the media crore on account of sale of Sports Broadcasting value chain including television broadcasting, cable Business to Sony Pictures Network and distribution, direct-to-home satellite services, management intends to use proceeds received digital media and print media amongst others. from the sale of sports business to fully redeem all ?It has recently acquired 80% stake in Margo redeemable preference shares (RPSs).Networks for `75 crore. Margo has developed a
Valuationtechnology and is in the process of developing it further, that will enable digital consumption of The company has led the industry in its evolution and content. The management indicated that it is in transformation. Along the way it has entered newer the process of developing its digital strategy and geographies both domestically and globally, launched this will be shared in Q2 FY18. Its digital strategy multiple channels, strengthened distribution, would cover multiple dimensions from platform to expanded the genres and widened its audience profile. production digital-first content to marketing. Moreover, management focuses towards expansion and
it is expected that market share would give strong ?During Q4FY17, growth in advertisement revenue growth to the company in coming years. Thus, it is was largely driven by higher yields, led by an expected that the stock will see a price target of `612 improvement in viewership across channels.During in 8 to 10 months time frame on a Current P/E of 38.70x FY18, management of the company expects to and FY18 (E) earnings of ̀ 15.81.continue to beat industry advertisement growth
rate. Moreover, management expects to continue its investment in Movies & Music business, and is also acquiring satellite rights for new movies.
?Its non-sports viewership share was 16.1%, while the pay Hindi GECs (General entertainment channel) bouquet maintained its market share; the regional portfolio improved its market share. Its regional entertainment portfolio once again exhibited a strong performance. Other businesses i.e. Zee Music Company, music label, continued with its library expansion with acquisition of rights of both Bollywood as well as regional music. In Q4 FY17, music label registered more than 2.2 billion views on YouTube.
Face Value (`) 1.00
52 Week High/Low 588.80/428.50
M.Cap (`Cr.) 49494.21
EPS (`) 13.55
P/E Ratio (times) 38.04
P/B Ratio (times) 7.44
Dividend Yield (%) 0.49
Stock Exchange BSE
% OF SHARE HOLDING
P/E Chart
` in cr
Actual EstimateFY Mar-16 FY Mar-17 FY Mar-18
Revenue 5,851.50 6,434.10 6,811.40EBITDA 1,509.60 1,926.90 2,180.20EBIT 1,425.50 1,811.60 2,007.40Pre-tax Profit 1,614.80 2,900.96 2,327.70Net Income 1,059.80 998.20 1,506.50EPS 9.47 10.39 15.52BVPS 64.88 69.31 83.40ROE 18.00 - 20.60
VALUE PARAMETERS
12.56
29.75
13.14
15.8
28.74
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
46.46
4.38
0.073.29
43.07
2.73
Foreign
Institutions
Govt
Non Promoter Corporate Holding
Promoters
Public & Others
Charts by Spider Software India Ltd
7
EQUITY
Above calls are recommended with a time horizon of 1-2 months
Disclaimer : The analyst and its affiliates companies make no representation or warranty in relation to the accuracy, completeness or reliability of the information contained in its research. The analysis contained in the analyst research is based on numerous assumptions. Different assumptions could result in materially different results.The analyst, not any of its affiliated companies, not any of their members, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of the analysis research.
SOURCE: CAPITAL LINE
The stock closed at ̀ 367.60 on 19th May 2017. It made a 52-week low at ̀ 171.29
on 17th May 2016 and a 52-week high of `416 on 05th May 2017. The 200 days
Exponential Moving Average (EMA) of the stock on the daily chart is currently at
`294.95.
It has formed Inverted head and shoulder pattern, which is bullish in nature.
Therefore, one can buy in the range of 350-360 levels for the upside target of
375-380 levels with SL below 340.
CANARA BANK
The stock closed at ̀ 1198.20 on 19thMay 2017. It made a 52-week low at ̀ 844.44
on 21st December 2016 and a 52-week high of ̀ 1240 on 20th April 2017. The 200
days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at ̀ 1058.44.
It has formed double bottom pattern on the charts, which is bullish in nature.
Moreover, oscillators are also supporting its northward movement. Therefore,
one can buy in the range of 1180-1185 levels for the upside target of 1250-1260
levels with SL below 1145.
CONTAINER CORPORATION OF INDIA LTD
DERIVATIVES
CHANGE IN NIFTY OPTION OI (IN QTY)
WEEKLY VIEW OF THE MARKET
NIFTY OPTION OI CONCENTRATION (IN QTY)
CHANGE IN BANKNIFTY OPTION OI (IN QTY) (MONTHLY)BANKNIFTY OPTION OI CONCENTRATION (IN QY) (MONTHLY)
Nifty closed the week above 9400 levels after some corrections from top however, derivative data remained positive. Long position is still open. Stronger hands have written Index puts and bought calls. Nifty breakout levels were 9400 and still nifty trading above the breakout levels now it should act as support. Nifty has been continuously adding open interest with every up move which indicates strength in the current trend. Markets remained active with stock specific moves, Metals, Auto, FMCG sectors outperformed, whereas pharma remained laggards. Hereafter the range of 9300-9500 will remain crucial in expiry week. The put-call ratio of open interest closed at 1.32 indicating put writing. The options open interest concentration is at the 9500-strike call with the highest open interest of above 60 lakh shares. Among put options, the 9300-strike taking the total open interest to 65 lakh shares, with the highest open interest among put options. The implied volatility (IV) of call options closed at 9.92%, while the average IV of put options closed at 10.10. VIX Index slightly moved up to 11.79 from 10.68. In the coming week, market is likely to trade volatile, but as Nifty is overbought hence some dips and profit booking cannot be ruled out. Every dip should be use to initiate fresh longs. 9350-9300 should act as strong support for Nifty.
In lakhs
In 10000 In 10000
BHARTIARTL (MAY FUTURE)
Buy: Above `380
Target: `395
Stop loss: `372
BPCL
BUY MAY 700. PUT 6.20SELL MAY 680. PUT 1.80
Lot size: 1200BEP: 695.60
Max. Profit: 18720.00 (15.60*1200)Max. Loss: 5280.00 (4.40*1200)
OPTIONSTRATEGY
FUTURE
BIOCON
BUY MAY 960. PUT 9.00
Lot size: 600BEP: 951.00
Max. Profit: UnlimitedMax. Loss: 5400.00 (9.00*600)
DERIVATIVE STRATEGIES
DABUR (MAY FUTURE)
Buy: Above `280
Target: `289
Stop loss: `275
BULLISH STRATEGY
ICICIBANK
BUY MAY 310. CALL 3.35SELL MAY 320. CALL 0.90
Lot size: 2500BEP: 312.45
Max. Profit: 18875.00 (7.55*2500)Max. Loss: 6125.00 (2.45*2500)
BEML (MAY FUTURE)
Sell: Around `1300
Target: `1255
Stop loss: `1325
BEARISH STRATEGY
Call Put
6.7
8
4.3
7
4.8
5
3.7
6
5.6
5
4.5
4
7.1
0
15
.79
37
.10
61
.88
47
.34
14
.29
17
.30
19
.31 2
6.9
7
47
.29
43
.02
45
.15
67
.57
56
.08
33
.03
5.6
6
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
8500 8700 8800 8900 9000 9100 9200 9300 9400 9500 9600
Call Put
-5.4
2
-3.0
7
-0.8
7
-1.0
4
-1.9
6
-2.0
2
-3.8
7
-7.4
1
-7.0
9
-8.9
2
13
.14
-0.1
7
2.9
9
-2.5
1 -0.0
7
-0.1
1
-4.1
1
-14
.05
-5.0
7
18
.03
17
.25
1.7
9
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
8500 8700 8800 8900 9000 9100 9200 9300 9400 9500 9600
Call Put
5.2
7
10
.16
14
.00 3
0.3
9
16
.91
25
.63
20
.43
11
9.5
3
28
.62 41
.04
43
.08
43
.06
47
.86
11
1.8
0
89
.70
22
.82
15
.57
5.4
7
18
.61
1.4
4
0.3
2
6.2
6
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
21000 21500 22000 22500 22700 22800 22900 23000 23100 23200 23500
Call Put
-0.4
5
-2.1
6
-1.7
4
-7.6
4
10
.49 1
8.4
0
14
.91
53
.86
15
.34
26
.77
11
.22
3.6
2
-4.4
1
21
.06
33
.05
16
.24
6.6
2
2.6
4 7.1
7
0.8
8
0.1
8
3.3
3
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
21000 21500 22000 22500 22700 22800 22900 23000 23100 23200 23500
8
In lakhs
9
DERIVATIVES
FII’s ACTIVITY IN DERIVATIVE SEGMENT
SENTIMENT INDICATOR (NIFTY)
18-May 17-May 16-May 15-May 12-May
Discount/Premium 11.25 8.00 9.90 7.90 13.90
COST OF CARRY% 0.88 0.85 0.84 0.82 0.79
PCR(VOL) 1.38 1.09 1.18 1.38 1.31
A/D RATIO(Nifty 50) 0.14 0.96 2.92 1.78 0.61
A/D RATIO(All FO Stock)* 0.08 0.78 1.83 2.51 0.38
Implied Volatality 9.92 9.30 8.96 9.11 9.22
VIX 11.79 10.64 10.56 10.68 10.68
HISTORY. VOL 10.61 9.78 10.07 9.81 9.86
*All Future Stock
SENTIMENT INDICATOR (BANKNIFTY)
18-May 17-May 16-May 15-May 12-May
Discount/Premium 9.70 -5.05 12.45 5.85 -2.35
COST OF CARRY% 0.88 0.85 0.84 0.82 0.79
PCR(OI) 1.20 1.27 1.25 1.14 1.28
A/D RATIO(Nifty 50) 0.09 0.33 5.00 2.00 0.20
#A/D RATIO 0.05 0.57 6.33 0.69 0.16
Implied Volatality 12.58 12.01 11.89 12.34 12.36
VIX 11.79 10.64 10.56 10.68 10.68
HISTORY. VOL 13.29 12.75 13.15 13.38 13.42
FII’S ACTIVITY IN NIFTY FUTURE
**The highest call open interest acts as resistance and highest put open interest acts as support.# Price rise with rise in open interest suggests long buildup | Price fall with rise in open interest suggests short buildup # Price fall with fall in open interest suggests long unwinding | Price rise with fall in open interest suggests short covering
Top 10 short build upTop long build up
LTP % Price Change Open interest %OI Chng
VGUARD 214.6 3.32% 2700000 39.97%
MRPL 136.2 5.01% 5166000 39.15%
PEL 2802.65 7.24% 823800 21.72%
WIPRO 524 2.99% 12213600 12.75%
HEXAWARE 255.4 1.96% 2595000 7.45%
TCS 2526.3 6.77% 5245250 6.62%
JPASSOCIAT 13.05 2.35% 187204000 6.25%
BALKRISIND 1529.3 1.72% 241200 5.98%
PIDILITIND 772.95 2.66% 1744000 5.12%
TATAMOTORS 438.9 1.63% 41718000 2.62%
LTP % Price Change Open interest %OI Chng
CAPF 716.35 -5.91% 5000000 256.74%
GLENMARK 676.95 -11.21% 7858900 51.57%
MCX 1007.25 -9.23% 1381500 26.57%
FORTIS 196.9 -5.90% 14669100 19.96%
RAYMOND 744.55 -2.69% 1152000 19.11%
DABUR 272.5 -2.64% 13495000 17.02%
CHOLAFIN 1033 -3.67% 252000 16.94%
APOLLOHOSP 1250.5 -4.61% 2097600 16.15%
NESTLEIND 6493.1 -4.92% 79400 16.08%
IDBI 69.9 -7.78% 47320000 15.39%
In Cr. In Cr.
13
6
94
9
- 17
28
87
4
11
82
- 13
08
90
- 30
8 - 11
6
12
50
-2000
-1500
-1000
- 500
0
500
1000
1500
05-May 08-May 09-May 10-May 11-May 12-May 15-May 16-May 17-May 18-May
- 43
9
- 23
8
- 10
83
- 39
5
- 15
5
- 91
6
- 11
7
- 22 - 8
- 14
1
-1200
-1000
-800
-600
-400
-200
0
05-May 08-May 09-May 10-May 11-May 12-May 15-May 16-May 17-May 18-May
# All BANKING Future Stock
10
SPICES
Soybean futures (June) may witness selling on every pull back & can test 2750-2730 levels. A bearish trend is prevailing in the spot markets on account of poor demand from processors. The poor off takes of soy meal from poultry feed manufacture has forced most of the processor to procure soybean in very limited quantity. It is reported that around 60% soybean solvent extraction plants in Madhya Pradesh have shut their operations about two months earlier than expected, because of subdued demand for soy meal. On CBOT, U.S soybean futures (July) is expected to fall further towards $9.35 a bushel. A selling pressure from a weaker Brazilian real is likely to prompt farmers to sell their freshly harvested record crop. Mustard futures (June) has broken its support near 3720 levels & in days to come may descend down towards 3600 levels. The sentiments are bearish as crushing has slowed down & Oil mills have crushed about 1.98 million tons mustard so far since the start of the crushing season as against total arrivals of 2.68 million tons during the period. Ref. soy oil futures (June) may witness a consolidation in the range of 624-638 levels. CPO futures (June) is likely to trade sideways with an upside bias in the range of 498-508 levels. The market participants may trade with caution as the rupee is playing a spoil sport & has once again weakened nearly 1% against dollar, keeping the downside capped of the edible oil counters. On the contrary, soybean oil futures on CBOT have reversed its previous week gains & may continue to trade with a bearish bias due to weakness in soybean market.
OIL AND OILSEEDS
OTHER COMMODITIES
Kapas futures (April '18) is expected to trade in the range of 920-1080 levels. The upside may remain capped as with higher MSP and normal monsoon forecast, area under cotton is expected to increase next year. It is reported that 2017/18 cotton season, as farmers prepare fields for kharif sowing, the government is considering increasing the minimum support price (MSP) of cotton by Rs 160 per quintal to Rs 4,320 for the 2017-18 crop year beginning July. The area under cotton in the country is expected to increase by at least 10-15% to over 115 lakh hectares as compared to last year. Cotton sowing has begun in North India since early May, with nearly 60 and 80 percent of the total target area completed in Haryana and Punjab, respectively, for the week ended May 13. Mentha oil futures (May) is likely to trade with an upside bias taking support near 930 levels. The outlook seems positive due to negligible stocks of around 5000 MT in the country followed by prospects of lower production due to acreage shrink. At present, most buyers are sidelined as new crop supply is expected by month-end and then business activity in likely to improve. The temporary upside due to short covering in guar seed futures (June) may remain capped as it is likely to face resistance near 3700-3740 levels. Major buyers of guar seed are crushers, and their demand is weak as they have sufficient stocks to meet slow overseas demand. Further most buyers are hesitant to procure Guar due to forecast of normal monsoon with timely arrival. Though the supply of Guar seed is thin, but there are large stocks in the hands of farmers, traders, crushers and stockist.
Bullion counter can witness volatile movement as uncertainty about Trump's policy actions, movement of greenback and local currency rupee can give further direction to the prices. Local currency rupee can move in the range of 64-65.5. Gold can face resistance near $1300 in COMEX and 29500 in MCX while it has support near $1220 in COMEX and 28000 in MCX. Silver has key support near 37500 in MCX and $16 in COMEX. And it has resistance near 40000 in MCX and $17.20 in COMEX. Gold is benefiting as Trump faces the biggest crisis of his presidency after a series of damaging revelations, including reports he pressed FBI Director James Comey to drop a probe into former National Security Adviser Michael Flynn. As the potential implications of the claims reverberated through Washington, equities sank and the dollar traded near the lowest since November. European Central Bank policymakers are preparing to dial back their extraordinary stimulus measures if the economy continues to improve, but that course of action is not yet certain, comments by three ECB rate setters and accounts of the latest meeting showed. India's gold imports witnessed a huge jump in April, increasing threefold to $3.85 billion from $1.23 billion in April 2016. According to the World Gold Council “Indian gold imports will drop back sharply after jumping in the first quarter”. The gold/silver ratio rose to 75 from 69 few months back, suggesting that silver has become cheaper relative to gold. This ratio can hover in the range of 72-76 in near term.
BULLIONS
Crude oil prices may continue to extend gains as expectation of OPEC-led production cuts to extend beyond the middle of this year and decline in inventories can further support its prices. Overall crude oil can trade in the range of 3050-3400 in MCX. Growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude oil supported the bullish sentiments. U.S. production has erased the effects of output cuts by the Organization of Petroleum Exporting Countries (OPEC) and other countries, including Russia. But it is expected that OPEC, Russia and other big producers will extend cuts of almost 1.8 million barrels per day (bpd) until the end of March 2018. U.S. producers are not party to any agreements capping production. On May 25, leaders from OPEC and other producing countries will meet in Vienna to decide on output policy. Saudi Arabia and Russia agreed that oil output cuts need to be extended until March 2018 under same terms. On Non-OPEC side, Turkmenistan, Oman and Kazakhstan extended support to the output cut extension. Natural gas may move in the range of 200-220 in MCX as weather related demand to give further direction to the prices. Latest U.S. weather model called for mild temperatures over the next two weeks, which should reduce demand during that time. Gas use typically hits a seasonal low with spring's mild temperatures, before warmer weather increases demand for gas-fired electricity generation to power air conditioning. Total natural gas in storage currently stands at 2.301 trillion cubic feet, 13.9% lower than levels at this time a year ago.
ENERGY COMPLEX
Base metal counter can witness some short covering at lower levels as US and China economic data coupled with inventories in warehouses can give further direction to the prices. Uncertainty about U.S. President Donald Trump's future undermined expectations of a boost to infrastructure spending in the United States. Weaker April economic data from China, which accounts for nearly half of global consumption of industrial metals, capped the upside. Copper may move in the range of 350-375 in MCX. Growing stocks in LME warehouses, which stood at 340,350 tonnes, are up more than 30 per cent since the end of April is capping upside in Copper. Lead can trade in the range of 131-141. ILZSG report states “After increasing by a robust 9.8% in 2016, usage of lead metal in Europe is expected to remain unchanged in 2017. Zinc can move in the range of 160-172. China's production of zinc fell 5.6 percent to 474,000 tonnes; it's lowest in more than two years, according to the National Statistics Bureau. Aluminum prices may trade in the range of 121-128 in MCX. A Chinese metals industry body was concerned about the fairness of a U.S. probe into aluminum imports, following earlier concerns raised by the country's Commerce Ministry. Indian finance ministry has imposed a definitive anti-dumping duty on 'aluminium foil' imports from China. Nickel can move in the range of 580-620. Expectations of higher supplies from top ore producer the Philippines supported its prices. Nickel can also get boost from news that output at a Canadian mine would be suspended.
Turmeric futures (June) is expected to consolidate in a broader range of 5400-5810 levels. At the spot markets lower price & stocks is attracting some fresh buying from upcountry buyers to fulfill their demand ahead of Ramzan. Export demand is thin in turmeric at present due to falling rates and strength in rupee, but likely to increase from Gulf countries due to Ramzan. Coriander futures (June) will possibly remain trapped in the range of 5000-5550 levels. The buyers in the spot markets are active to source the commodity on favorable risk-reward ratio. On the contrary, the farmers are still holding a huge chunk 50-60% of crop and thus any upside is limited in coriander. Jeera futures (June) is likely to trade sideways in the range of 17800-18500 levels. The chances of recovery is less as the strength in India rupee is weighing on exporters sentiments as it is making costlier. Export demand is not as good as was anticipated earlier. China, the main buyers of India cumin seed is doing need-based buying so far this season mainly due to higher rates. The sentiments of cardamom futures (June) has turned bearish & in days to come, it may see 960 levels. A likely good crop and an early arrival of it is said to have created the current downtrend. The weather conditions remained favourable with good summer rains in the cardamom growing tracts in the Idukki district of Kerala where the aromatic spice is mostly grown in the country. Pepper mini futures (June) on NMCE is expected to plunge further towards 52400 levels. Sharp fall is being witnessed in spot markets following oversupplying of the upcountry markets with Vietnam pepper imported via Sri Lanka.
BASE METALS
11
TECHNICAL RECOMMENDATIONS
COMMODITY
CRUDE OIL MCX (JUNE) contract closed at ̀ 3237 on 18th May'17. The contract made its high of 3989 on
01st Jan'17 and a low of ̀ 2856 on 05th May'17. The 18-day Exponential Moving Average of the commodity
is currently at ̀ 3180.8.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 35. One can buy in the
range of ̀ 3240-3220 with the stop loss of ̀ 3150 for a target of ̀ 3350.
`
SILVER MCX (JULY) contract closed at 38889 on 18th May'17. The contract made its high of 44578 on
01st Mar'17 and a low of `37720 on 09th May'17. The 18-day Exponential Moving Average of the
commodity is currently at ̀ 39137.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 27. One can sell in the
range of ̀ 39200-39300 with the stop loss of ̀ 39500 for a target of ̀ 38500.
` `
GUARSEED NCDEX (JUNE) contract closed at 3618 on 18th May'17. The contract made its high of 4268
on 03rd Apr'17 and a low of `3474 on 07th Feb'17. The 18-day Exponential Moving Average of the
commodity is currently at ̀ 3741.7.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 40. One can buy in the
range of ̀ 3660-3640 with the stop loss of ̀ 3600 for a target of ̀ 3730.
` `
CRUDE OIL MCX (JUNE)
SILVER MCX (JULY)
GUARSEED NCDEX (JUNE)
NOTES : 1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities (Morning Mantra).
2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.
EXCHANGE COMMODITY CONTRACT CLOSING DATE TREND TREND RATE TREND SUPPORT RESISTANCE CLOSING
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN JUNE 2820.00 04.05.17 Down 2863.00 - 2950.00 2970.00
NCDEX JEERA JUNE 17935.00 18.05.17 Down 17935.00 18600.00 - 19000.00
NCDEX REF.SOY OIL JUNE 630.35 16.02.17 Down 670.55 - 632.00 635.00
NCDEX RM SEEDS JUNE 3686.00 06.04.17 Down 3897.00 - 3800.00 3900.00
NMCE PEPPER MINI JUNE 53454.00 11.05.17 Down 55957.00 - 57500.00 59000.00
NMCE RUBBER JUNE 12453.00 30.03.17 Down 14402.00 - 14000.00 14400.00
MCX MENTHA OIL JUNE 922.80 23.03.17 Down 978.20 - 960.00 980.00
MCX CARDAMOM JUNE 1015.40 20.04.17 Down 1177.90 - 1120.00 1150.00
MCX SILVER JULY 38889.00 04.05.17 Down 38052.00 - 40000.00 41000.00
MCX GOLD JUNE 28705.00 04.05.17 Down 28072.00 - 28900.00 29200.00
MCX COPPER JUNE 364.55 20.04.17 Down 364.15 - 375.00 385.00
MCX LEAD MAY 134.05 20.04.17 Down 140.05 - 138.00 140.00
MCX ZINC MAY 164.45 09.03.17 Down 178.95 - 170.00 175.00
MCX NICKEL MAY 594.20 30.03.17 Down 653.00 - 620.00 650.00
MCX ALUMINIUM MAY 124.90 12.04.17 Sideways
MCX CRUDE OIL JUNE 3237.00 18.05.17 Up 3237.00 3100.00 - 3000.00
MCX NATURAL GAS JUNE 214.30 30.03.17 Up 207.20 205.00 - 200.00
TREND SHEET
*Closing as on 18.05.17
COMMODITY
NEWS DIGEST
Market appeared nervous on what was happening in US and this also stimulated volatility in
commodities counter. US President Donald Trump asked the FBI to end a probe into his former
security adviser. However, tension in US created doubt over the implementation of Trump
policies. Dollar index dipped down and bullion counter surged on safe haven buying. The dollar
started the week on the defensive after U.S. economic data came in shy of expectations and
another missile test by North Korea at the weekend underpinned the perceived safe-haven
yen. Industrial metal prices, except aluminum and copper, dragged down for the same above
mentioned reason. Aluminum outperformed other industrial metals. Higher demand in China,
led by the country's growing car sales and better-than-expected construction activity, helped
improve aluminum's demand environment. As China is restricting its output of the metal,
aluminum prices are moving. The move is part of the country's Winter 2017 Air Quality
Pollution Prevention Plan. As a part of the plan, producers in 28 cities are reducing their
aluminum capacity and production by over 30 percent. Back at home, sharp depreciation in
rupee, made commodities more volatile in Indian market. Gold prices reached to its resistance
of $1260 in COMEX on weaker-than-expected economic data from the U.S. and a missile test by
North Korea over the weekend pressured the dollar. Silver too traded near its resistance of
$17.1. LME copper was trading with limited gain, after more evidence that China's economy
encountered a soft patch in April. Crude oil prices bounced higher after oil ministers from
Saudi Arabia and Russia said that the joint deal to cut crude production from the global market
would be extended into next year. Natural gas prices saw some profit booking at higher levels
after a three week upside. Nevertheless the overall weather forecast for the US is conducive to
slightly stronger than normal natural gas use through the coming week.
In agri commodities, oils seeds were on weaker path whereas edible oils traded high. Spices
traded quiet on dull activities in spot market. Wheat prices gained strength from government
procurement. Castor seed prices revived on lower arrivals and lower level buying. Mentha
prices augmented on improved physical buying.
WEEKLY COMMENTARY
COMMODITY UNIT 18.05.17 DIFFERENCEQTY. QTY.
CASTOR SEED MT 79643.00 81613.00 1970.00
CORIANDER NEW MT 23467.00 25421.00 1954.00
COTTON SEED O.C MT 30762.00 27589.00 -3173.00
GUARGUM MT 24766.00 24105.00 -661.00
GUARSEED MT 14186.00 15233.00 1047.00
JEERA NEW MT 2176.00 2014.00 -162.00
MAIZE MT 1145.00 1145.00 0.00
RM SEED MT 30996.00 32719.00 1723.00
SOYBEAN MT 109599.00 99718.00 -9881.00
SUGAR MT 440.00 50.00 -390.00
TURMERIC MT 3927.00 4124.00 197.00
WHEAT MT 8717.00 8797.00 80.00
11.05.17 COMMODITY UNIT 18.05.17 DIFFERENCE
QTY. QTY.
CARDAMOM MT 15.80 21.60 5.80
COTTON BALES 35200.00 36000.00 800.00
GOLD KGS 20.00 20.00 0.00
GOLD MINI KGS 6.90 6.80 -0.10
GOLD GUINEA KGS 4.41 4.40 -0.01
MENTHA OIL KGS 716685.25 676396.20 -40289.05
SILVER (30 KG Bar) KGS 18842.87 18842.87 0.00
11.05.17
·Nigeria's state oil company is in the final stage of signing $6 billion worth of deals to exchange more than 300,000 barrels per day (bpd) of crude oil.
·Saudi Arabia's crude oil exports rose by 275,000 barrels per day in March from February.
·Vale Canada would suspend operations at its Birchtree nickel mine in the province of Manitoba on Oct. 1.
·U.S. shale production is expected to rise for the sixth consecutive month in June.
·Ministry for Agriculture and Farmers Welfare, launched “e-Krishi Samvad” is internet-based interface and is a unique platform that will provide direct and effective solutions to the problems faced by farmers and stakeholders in the agriculture sector.
·The government had 27.7 million tons wheat in its stocks at the beginning of this month, down 11.8% from 31.4 million tons a year ago. - Food Corporation of India
·Import of vegetable oils during April 2017 is reported at 1,339,489 tons compared to 1,248,887 tons in April 2016 - up by 7%. - Solvent Extractors' Association (SEA)
·· The Directorate General of Foreign Trade has reallocated quota for the import of 23,798 tons raw sugar for mills in the south and west zones.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
4.57%
3.71%
3.05%2.72%
2.50%
- 5.42%
- 3.76%
- 1.65%
- 0.83%
-6%
-4%
-2%
0%
2%
4%
6%
CRUDE OIL MBR. CRUDE
OILALUMINIUM
MINI SILVER 1000 GOLD NATURAL GAS CARDAMOM LEAD NICKEL
2.34% 2.30%
1.41%1.21% 1.11%
- 5.16%
- 3.29% - 3.21% - 3.17%
- 2.76%
- 6%
- 5%
- 4%
- 3%
- 2%
- 1%
0%
1%
2%
3%
CASTOR SEED
CHILLI TEJA
CRUDE PALM OIL COPPER SHANKARKAPAS CORIANDER JEERA SOYAMEAL
NEW STEEL LONG SOYABEAN
COMMODITY
COMMODITY EXCHANGE CONTRACT 12 18.05.17 CHANGE%
ALUMINIUM LME 3 MONTHS 1891.00 1905.00 0.74
COPPER LME 3 MONTHS 5559.50 5490.00 -1.25
LEAD LME 3 MONTHS 2126.00 2052.00 -3.48
NICKEL LME 3 MONTHS 9315.00 9005.00 -3.33
ZINC LME 3 MONTHS 2554.00 2462.00 -3.60
GOLD COMEX JUNE 1227.70 1252.80 2.04
SILVER COMEX JULY 16.40 16.67 1.63
LIGHT CRUDE OIL NYMEX JULY 48.17 49.66 3.09
NATURAL GAS NYMEX JUNE 3.42 3.18 -7.13
.05.17
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
11.05.17 18.05.17
ALUMINIUM 1570575 1526800 -43775
COPPER 339200 339600 400
NICKEL 381378 380340 -1038
LEAD 178975 183800 4825
ZINC 346725 347700 975
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 12.05.17 18.05.17 CHANGE(%)
Soybean CBOT JULY Cent per Bushel 963.00 944.75 -1.90
Soy oil CBOT JULY Cent per Pound 32.84 32.44 -1.22
CPO BMD AUG MYR per MT 2651.00 2626.00 -0.94
Sugar LIFFE AUG 10 cents per MT 442.00 455.30 3.01
13
SPOT PRICES (% change) USDA World Agricultural Supply and Demand Estimates
Wheat• According to USDA, in 2017/18, global wheat production is projected to
decrease 15 million metric tonnes (MMT) from 753 MMT to 737.8 million tons, the second highest total on record.
• The major decrease in production will be driven by US(13 MT), Russia(5MT), Kazakhastan(2MT) and Ukraine(1.8MT).
• Global wheat consumption will decrease slightly in 2017/18 to 735 million tonnes, down slightly from the record 740 million tonnes in 2016/17 with reduced feed and residual usage partially offset by increased food use.
• Global imports are expected to be a record for the fifth consecutive year. Global ending stocks are projected at a record 258.3 million tons, up 2.9 million from 2016/17.
• World wheat trade was forecast to decline slightly to 178 million tonnes, down from an estimated 180 million tonnes in the current marketing year.
Corn• Corn production is forecast down from a year ago, with the largest
declines in China and the United States.• USA corn production at 357.3 million metric tons for the 2017/2018 crop
year, down from 384.8 million the previous yearRice
• World 2017/18 rice production is projected at 481.3 million tons, down fractionally from last year's record output of 481.54 million tons.
• Total 2017/18 global supplies are at 599.9 million tons, up 2.6 million from 2016/17, based on larger carry-in stocks.
• Total world rice consumption is projected at a record 480.1 million tons, up from the revised 2016/17 level of 478.7 million.
Oilseed• Global oilseed production is projected at 572.1 million tons, up 6.0
million from 2016/17. • Growth in rapeseed, cottonseed, peanut, sunflowerseed, copra, and
palm kernel is partly offset by lower soybean production. • Soybean production is projected down 3.4 million tons to 344.7 million
mainly on declines from last year's records for the United States, Brazil, and Paraguay as yields return to trend levels.
Cotton• The world 2017/18 cotton projections show a decline in stocks of 2.4
million bales (1 bale of 480 Pound) to 202.74 million bales, as consumption exceeds production for the third consecutive season.
• World cotton crop in 2017/18 is expected to be 113.2 million bales, 7 per cent (7.3 million bales) above the 2016-17 estimate, despite marginally lower average yields.
• India is forecast to remain the leading cotton producer in 2017-18, accounting for 28 million bales of production, or 25 per cent of the world total. India's output is projected nearly 6 per cent above the 2016-17 crop, as cotton area is expected to increase nearly 10 per cent due to higher cotton prices relative to competing crop prices.
• China is forecast to produce 23.5 million bales of cotton in 2017-18, three per cent above the previous season and the largest crop in three years.
• World cotton consumption is forecast to increase 2.3 per cent (nearly 2.6 million bales) above the 2016-17 estimate to nearly 115.8 million bales, as per USDA's initial 2017-18 projection
-6.36
-3.48
-2.94
-1.95
-1.68
-1.53
-0.99
-0.94
-0.71
-0.31
0.09
0.17
0.27
0.55
0.63
1.90
-8.00 -6.00 -4.00 -2.00 0.00 2.00 4.00
CORIANDER (KOTA)
PEPPER MALABAR GAR (KOCHI)
RAW JUTE (KOLKATA)
SOYABEAN (INDORE)
GUAR GUM (JODHPUR)
SUGAR (KOLKATA)
JEERA (UNJHA)
COTTON (KADI)
GUAR SEED (JODHPUR)
GUR (MUZAFFARNGR.)
COTTON SEED OIL CAKE (AKOLA)
MUSTARD (JAIPUR)
TURMERIC (NIZAMABAD)
WHEAT (DELHI)
BARLEY (JAIPUR)
CRUDE PALM OIL (KANDLA)
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 64.24 65.00 64.08 64.94
EUR/INR 70.28 72.36 70.23 72.36
GBP/INR 82.93 84.68 82.69 84.59
JPY/INR 56.69 58.88 56.50 58.81
News Flows of last week
15th May China's Industrial Production, Retail Sales Growth Eases
16th May Euro zone Q1 GDP Growth Steady At 0.5%
16th May U.S. Industrial Production Climbs More Than Expected In April
17th May Euro zone Inflation Accelerates As Estimated
17th May Japan Q1 GDP Expands 0.5% on Quarter
18th May U.S. Weekly Jobless Unexpectedly Drop To Nearly Three-Month
Low
EUR/INR (MAY) contract closed at 72.36 on 18th May'17. The contract made its high of 72.36 on 18th May'17 and a low of 70.23 on 15th May'17 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at 70.74.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 74.15. One can buy around 72.00 for a target of 73.00 with the stop loss of 71.50.
(Source: Spider Software, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
Market Stance
Rupee experienced its worst fall against the dollar in about 10 months as it fell
sharply on local bourses to test one month low against the American currency
amid heightened global volatility. Domestic bourses too succumbed on the
back of frantic profit-taking at higher levels after testing all time highs. Sharp
fall in local equities was largely seen amid sell-off in the global financial
markets in the midst of emerging US political uncertainty. The US political
crisis appeared to deepen, and likely to delay any efforts by President Donald
Trump to carry out his economic stimulus plans. The Justice Department
appointed a former FBI director as special counsel to investigate possible
collusion between President Donald Trump's 2016 campaign team and Russia.
However, on the other hand the overseas dollar was also seen getting fragile in
the week gone by as it wallowed near six-month lows against a basket of major
currencies.
EUR/INR
USD/INR (MAY) contract closed at 64.94 on 18th May'17. The contract made its high of 65.00 on 18th May'17 and a low of 64.08 on 17th May'17 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at 64.49.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 55.92. One can buy around 64.50 for the target of 65.30 with the stop loss of 64.10.
GBP/INR (MAY) contract closed at 84.59 on 18th May'17. The contract made its high of 84.68 on 18th May'17 and a low of 82.69 on 16th May'17 (Weekly Basis). The 14-day Exponential Moving Average of the GBP/INR is currently at 83.23.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 66.07. One can buy around 84.00 for a target of 85.00 with the stop loss of 83.50
JPY/INR (MAY) contract closed at 58.81 on 18thMay'17. The contract made its high of 58.88 on 18thMay'17 and a low of 56.51 on 16th May'17 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at 57.47.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 60.10. One can buy around 58.00 for a target of 59.00 with the stop loss of 57.50.
USD/INRTechnical Recommendation
Economic gauge for the next week
Date Currency Event Previous
23rd May EUR Markit Manufacturing PMI 56.723rd May GBP Public Sector Net Borrowing 4.36523rd May GBP Inflation Report Hearings23rd May USD Markit Services PMI 53.123rd May USD New Home Sales (MoM) 0.62124th May USD FOMC Minutes -25th May USD OPEC meeting -25th May GBP Gross Domestic Product (YoY) 2.125th May GBP Gross Domestic Product (QoQ) 0.325th May USD Initial Jobless Claims 23226th May USD Gross Domestic Product Price Index 2.226th May USD Gross Domestic Product Annualized 0.726th May USD Personal Consumption Expenditures Prices (QoQ) 2.426th May USD Durable Goods Orders 0.7
GBP/INR JPY/INR
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IPO
IPO NEWS
HUDCO makes strong debut; lists 22% premium to issue price
Shares Housing and Urban Development Corporation (HUDCO) has listed at Rs 73.45, a 22% premium against its initial public offer (IPO) price of Rs 60. The
discount of Rs 2 per share to the issue price of Rs 60 was offered to retail and eligible employees. The IPO of HUDCO saw huge demand from investors and was
subscribed nearly 80 times. The portion reserved for qualified institutional buyers (QIBs) was subscribed 55.45 times, non-institutional investors saw a
subscription of 330.36 times and retail investor's category was subscribed about 11 times. The state-run HUDCO, which provides loans for housing and urban
infrastructure projects in India, recently raised over Rs 1,120 crore as a part of its IPO, assisting the government's efforts to meet its disinvestment target. The
company enjoys strong relationship with the state governments and their agencies and finances various central and state government schemes in housing and
urban infrastructure development. In most cases these loans are subject to repayment through allocations in state government budgets or recourse to alternate
sources of revenue, which reduces the recovery risk of loans to state governments and their agencies.
GTPL Hathway gets SEBI nod for IPO
GTPL Hathway, which offers cable TV and broadband services, has received capital markets regulator Securities and Exchange Board of India (SEBI)’s approval to
float an initial public offering (IPO). The company had filed its draft papers with SEBI in December and received ‘observations’ from the regulator on May 12,
which is necessary for any firm to launch a public offer. GTPL Hathway’s public issue comprises fresh issuance of equity shares worth Rs. 300 crore and offer for
sale of 1.8 crore scrips by the existing shareholders, according to the Draft Red Herring Prospectus (DRHP). Besides, the company is considering a pre-IPO
placement of up to 90 lakh equity shares aggregating up to Rs. 150 crore to certain investors. Proceeds from the initial public offer (IPO) will be utilised towards
repayment of loan and other general corporate purpose. GTPL Hathway is part of Hathway Cable and Datacom Ltd. JM Financial Institutional Securities, BNP
Paribas, Motilal Oswal Investment Advisors Pvt Ltd and Yes Securities will manage the company’s public issue. As of September 30, 2016, the company’s digital
cable TV services reached 169 towns across India, including towns in Gujarat, West Bengal, Maharashtra, Bihar, Assam, Jharkhand, Madhya Pradesh, Telangana,
Rajasthan and Andhra Pradesh. The company has about 5.41 million active digital cable subscribers. Matrimony.com to launch an IPO soon, files DRHP
India’s leading matchmaking and marriage services provider Matrimony.com will soon launch its Initial Public Offering (IPO), as the company announced on May
8, 2017, that it filed a Draft Red Herring Prospectus (DRHP) with the market regulator SEBI. The initial public offering by the company will consist of a fresh issue
summing up to Rs. 1,300 million and an offer for sale of up to 3,767,254 equity shares. The equity shares of the company will have a face value of Rs. 5 each with
the issue structured on book-building basis. However, the price band of the offering is yet to be decided by the company. The fund raised by IPO will be utilised
for advertising and business promotion activities, land purchase for office premise’s construction in Chennai, repayment of overdraft facilities and general
corporate purposes.
Crystal Crop plans IPO to raise funds, eyes 20% revenue growth
Agro-chemical firm Crystal Crop Protection expects 20 per cent increase in turnover this fiscal at about Rs 1,600 crore and plans to launch an initial public offer
(IPO) early 2018 to raise funds for expansion. The company plans to file the draft red herring prospectus (DRHP) for IPO with market regulator Sebi by the end of
this year as per the Managing Director. The national capital-based firm will launch four products in the market before start of the kharif sowing season, which will
help the company grow faster this fiscal. The company will soon appoint merchant bankers for the IPO. The company has three manufacturing facilities -- two in
Jammu and one in Haryana. It is into agrochemical, agro- equipment and seed business. Private equity firm Everstone Capital had invested about USD 30 million
in the company in 2012 and had about 9 per cent stake in the company, which has now come down to 3.5 per cent.
*Closing price as on 18-05-2017
Company Sector M.Cap(In RsCr.) Issue Size (in RsCr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)
S Chand and Company Printing & Stationary 2049.62 320.00 2-May-17 670.00 689.00 588.95 -12.10
Shankara Building Products Retail 1614.19 345.00 5-Apr-17 460.00 545.00 706.45 53.58
CL Educate Education 620.42 238.00 31-Mar-17 502.00 398.00 438.05 -12.74
Avenue Supermart Retail 45367.82 1870.00 21-Mar-17 299.00 604.40 726.95 143.13
Music Broadcast Media 1945.85 488.53 17-Mar-17 333.00 420.00 341.05 2.42
BSE Limited Finance 5800.46 1243.00 3-Feb-17 806.00 1085.00 1080.60 34.07
Laurus Lab Pharma 5951.96 300.00 19-Dec-16 428.00 490.00 562.80 31.50
Sheela Foam Ltd Textiles 6582.26 510.00 9-Dec-16 730.00 1008.00 1349.30 84.84
Varun Beverages FMCG 8849.92 1100.00 8-Nov-16 445.00 430.00 484.90 8.97
PNB Housing Housing Finance 21700.39 3000.00 7-Nov-16 775.00 863.00 1302.65 68.08
Endurance Tech Auto Ancillary 11300.15 1162.00 19-Oct-16 472.00 570.00 803.35 70.20
HPL Electric Capital Goods 878.34 361.00 4-Oct-16 202.00 190.05 136.60 -32.38
ICICI Pru Life Insurance 59430.70 6057.00 29-Sep-16 334.00 329.00 414.05 23.97
GNA Axles Financial services 468.27 130.00 26-Sep-16 207.00 248.50 218.15 5.39
L&T Technology IT 7765.08 894.00 23-Sep-16 860.00 900.00 763.60 -11.21
RBL Bank Finance 20738.43 832.50 31-Aug-16 225.00 273.70 551.80 145.24
*
IPO TRACKER
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FIXED DEPOSIT MONITOR
• Interest structure may be revised by company from time to time. Pls confirm Interest rates before submitting the application.
* For Application Greater Than Rs. Fifty Lakhs Or equal to Fifty Lakhs, Please Contact to Head Office.
* Email us at [email protected]
FIXED DEPOSIT COMPANIES
PERIOD MIN.ADDITIONAL RATE OF INTEREST (%)
S.NO (NBFC COMPANY -NAME)12M 18M 24M 36M 45M 48M 60M 84M INVESTMENT
1 BAJAJ FINANCE LTD.(UPTO RS. 5 CR.) 7.80 7.80 8.00 8.05 - 8.05 8.05 - 0.25% FOR SR. CITIZEN, 0.10% FOR 25000/-
EXISTING LOAN CUSTOMER AND ON RENEWAL
UPTO RS. 1CRORE
2 DEWAN HOUSING FINANCE CORPORATION LTD 13M=7.80% 14M=7.80% 18M=7.85% 13M=50000; 40M=7.90%0.25% EXTRA FOR SR. CITIZEN,WIDOW,
14M=10000; ARMED, PERSONNEL, EXISTING DHFL HOME
BORROWERS, 0.25% EXTRA FOR DEPOSIT
50 LAC AND ABOVE
3 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 7.75 - 7.80 7.85 - 8.00 - 8.00 10,000/-
4 GRUH FINANCE LTD. 7.25 13M=7.25 7.50 7.50 - 7.50 7.50 7.50 96-120M=7.50%; 0.25% FOR FEMALE, 1000/-
SR. CITIZEN & TRUST
5 HDFC PREMIUM DEPOSIT FOR INDIVIUAL (UPTO RS. 2 CR.) 15M=7.50 22M=7.55 30M=7.50 44M=7.55 0.25% FOR SR. CITIZEN UPTO RS. 1 CR.
20000/-, 40000/-
- -6 20M=7.40 40M=7.40 - - - IN MONTHLY
7 HDFC LTD FOR INDIVIDUAL & TRUST (UPTO RS.3 CR.) 7.40 - 7.40 7.40 - 7.40 7.40 - 0.25% FOR SR. CITIZEN UPTO RS. 1 CR.
8 HUDCO LTD.(IND & HUF) 7.00 - 7.00 7.00 - 6.75 6.75 6.75 0.25% FOR SR. CITIZEN 10000/-
9 HUDCO LTD.(TRUST/CO/INSTITUTION) 6.75 - 6.75 6.75 - 6.50 6.50 6.50 - 10000/-
10 KTDFC (Kerela Transport) 8.50 - 8.50 8.50 - 8.25 8.25 - 0.25% extra for Sr. Citizen, 10000/-
11 J K LAKSHMI CEMENT LTD. 8.50 - 8.75 9.00 - - - -
12 LIC HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 7.30 7.35 7.50 7.50 - - 7.50 - 10000/-
13 M&M FINANCIAL SERVICES LTD (FOR BELOW RS. 1 CRORE) 7.50 7.50 7.50 7.55 - 7.55 7.55 - 0.25% FOR SR. CITIZEN 10000/-
14 OMAXE LTD. 10.50 - 11.00 11.50 - - - -
15 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 7.25 - 7.25 7.25 - 7.25 7.25 7.25 0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE20000/-
16 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 15M=7.35 22M=7.40 44M=7.40 0.25% FOR SR. CITIZEN30M=7.35
17 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 7.75 - 7.85 8.00 - 8.15 8.25 - 0.25% FOR SR. CITIZEN 5000/-
18 SHRIRAM CITY UNION SCHEME 7.75 - 7.85 8.00 - 8.15 8.25 - 0.25% FOR SR. CITIZEN 5000/-
(FOR TRUST ONLY) (FOR WOMEN ONLY)
HDFC PREMIUM DEPOSIT FOR TRUST & INSTITUTION
(UPTO RS. 5 CR.)
0.25% FOR SENIOR CITIZEN IF APP ABOVE
RS. 50,000/- & 0.10% IF APP UPTO
RS.50,000/-
INDUSTRY & FUND UPDATE
Sundaram Mutual Fund files offer document for Select Micro Cap Series XVI - XVIII Sundaram Mutual Fund has filed offer document with SEBI to launch a close ended equity scheme as “Sundaram Select Micro Cap Series XVI - XVIII”. The New Fund Offer price is ̀ 10 per unit. Entry load and Exit Load will be nil for the scheme. The scheme offers Growth, Dividend Payout & Dividend Sweep option and seeks to collect a Minimum Target Amount of ̀ 10 Crore. The scheme will be benchmarked against S&P BSE Small Cap Index. The minimum application amount is ̀ 5,000 and multiples of Re 10 thereafter. The investment objective of the Plans under the Scheme is to seek capital appreciation by investing predominantly in equity/equity-related instruments of companies that can be termed as micro-caps
Birla Sun Life Mutual Fund introduces Fixed Term Plan-Series OP (1105 days)Birla Sun Life Mutual Fund has launched the Birla Sun Life Fixed Term Plan-Series OP (1105 days), a close ended income scheme. The NFO opens for subscription on May 17, 2017 and closes on May 23, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is ̀ 1,000 and in multiples of ̀ 10 thereafter. The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Mohit Sharma. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
UTI Mutual Fund introduces FTIF Series XXVI-XV (1097 Days)UTI Mutual Fund has launched the UTI FTIF Series XXVI-XV (1097 Days), a close ended income scheme. The NFO opens for subscription on May 19, 2017 and closes on May 31, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is `5000. The investment objective of the scheme is to generate returns by investing in portfolio of fixed income securities maturing on or before the date of maturity of the scheme.
Reliance Mutual Fund introduces Dual Advantage Fixed Tenure Fund-XI-Plan BReliance Mutual Fund has launched the Reliance Dual Advantage Fixed Tenure Fund-XI-Plan B, a close ended income scheme. The NFO opens for subscription on May 19, 2017 and closes on June 02, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is ̀ 5,000 per option and in multiples of Re 1. The scheme's performance will be benchmarked against a mix of 80% Crisil Composite Bond Fund Index & 20% Nifty 50 Index and its fund managers are Sanjay H. Parekh, and Anju Chhajer. The investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.
ICICI Pru AMC announces extension of NFO period of FMP - Series 81 - 1178 Days Plan HICICI Prudential Asset Management Company has announced changes in SID and KIM of ICICI Prudential Fixed Maturity Plan - Series 81 - 1178 Days Plan H. As per the announcement, the NFO period of the Scheme has been extended till May 22, 2017 (Monday). Accordingly, switches from other than equity schemes, transfer cheques and Real Time Gross Settlement (RTGS) requests will be accepted till the end of business hours up to May 22, 2017. All the other provisions of the SID/KIM of the schemes remain unchanged
ICICI Pru MF declares dividend under Balanced Advantage FundI CICI Prudential Mutual Fund has declared dividend under ICICI Prudential Balanced Advantage Fund. The record date for declaration of dividend is May 23, 2017. The quantum of dividend on the face value of ̀ 10 per unit will be ̀ 0.10 under Direct Plan - Monthly Dividend
ICICI Pru MF declares dividend under Income Opportunities FundICICI Prudential Mutual Fund has declared dividend under ICICI Prudential Income Opportunities Fund. The record date for declaration of dividend is May 23, 2017. The quantum of dividend on the face value of ̀ 10 per unit will be Rs 0.0858 under Dividend Quarterly, ̀ 0.0890 under Institutional Quarterly Dividend, and `0.1199 under Direct Plan - Dividend Quarterly
MUTUAL FUND
NEW FUND OFFER
Scheme Name SBI Debt Fund Series - A - 26 (420 Days) - Direct Plan (G)
Fund Type Close-Ended
Fund Class Growth
Opens on 19-May-2014
Closes on 30-May-2017
Investment Objective To provide regular returns and capital growth with limited interest rate risk to the investors through investments in a portfolio
comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing
on or before the maturity of the scheme.
Min. Investment Rs.5000/-
Fund Manager Rajeev Radhakrishnan
Scheme Name Sundaram Long Term Micro Cap Tax Advantage Fund - Sr. - V - Reg. (G)
Fund Type Close-Ended
Fund Class Growth
Opens on 29-Mar-2017
Closes on 29-Jun-2017
Investment Objective To generate capital appreciation over a period of ten years by predominantly investing in equity and equity-related instruments
of companies that can be termed as micro-cap.
Min. Investment Rs.5000/-
Fund Manager S Krishnakumar / Dwijendra Srivastava
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Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 18/05/2017Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
MUTUAL FUND Performance Charts
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
Mirae Asset Tax Saver Fund - Reg - G 14.25 28-Dec-2015 231.34 11.54 23.80 41.02 N.A 29.05 2.06 0.93 0.25 59.44 33.97 3.55 3.04
Motilal Oswal MOSt Focused Long Term F - Reg - G 15.61 21-Jan-2015 284.08 10.65 25.67 39.23 N.A 21.14 2.04 0.82 0.27 57.66 41.08 N.A 1.26
HDFC Taxsaver - Growth 488.23 13-Jun-1996 5702.41 9.74 18.96 36.81 14.52 27.42 2.33 1.02 0.10 66.78 21.97 2.63 8.62
Principal Tax Savings Fund 185.33 31-Mar-1996 290.73 12.06 23.34 35.74 18.39 17.06 2.32 1.04 0.18 47.73 40.54 2.81 8.92
L&T Tax Advantage Fund - Reg - G 49.56 27-Feb-2006 1930.28 11.19 23.31 32.80 19.22 15.32 1.98 0.88 0.16 44.66 44.96 3.91 6.47
HSBC Tax Saver Equity Fund - Growth 34.78 05-Jan-2007 176.93 11.49 26.44 31.77 18.11 12.77 2.16 0.97 0.16 53.80 28.50 17.02 0.69
Kotak Taxsaver - Reg - Growth 38.93 23-Nov-2005 540.62 9.31 20.66 31.77 20.97 12.56 2.05 0.93 0.12 66.49 30.52 1.16 1.84
TAX Fund Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
L&T Emerging Businesses Fund - Reg - G 23.27 12-May-2014 534.01 17.34 34.53 54.88 30.60 32.27 2.22 0.81 0.35 N.A 57.39 34.88 7.73
SBI PSU Fund - Growth 12.16 07-Jul-2010 196.00 6.50 15.74 48.19 8.08 2.89 2.52 0.97 0.14 71.87 23.57 N.A 4.56
SBI Magnum COMMA Fund - Growth 35.53 08-Aug-2005 275.52 4.87 20.88 45.47 15.37 11.36 2.29 0.89 0.22 65.33 20.59 8.86 5.23
Tata Equity P/E Fund - Reg - Growth 123.11 29-Jun-2004 819.19 10.47 22.82 45.13 24.43 21.50 2.16 0.90 0.21 50.23 39.97 5.31 4.48
L&T Midcap Fund - Reg - Growth 126.76 09-Aug-2004 608.22 14.60 29.18 44.29 31.48 21.98 2.05 0.75 0.26 16.68 58.09 16.02 9.21
Mirae Asset Emerging Bluechip Fund - G 45.15 09-Jul-2010 3204.87 12.54 26.53 43.16 33.44 24.56 2.08 0.87 0.30 32.53 62.13 3.38 1.96
Reliance Small Cap Fund - Growth 37.17 16-Sep-2010 2989.45 15.95 30.34 42.56 34.08 21.74 2.49 0.90 0.33 4.72 40.13 49.40 5.76
EQUITY (Diversified) Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns
Annualised
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. SharpeMaturity (Years) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
UTI Dynamic Bond Fund - Reg - Growth 19.34 23-Jun-2010 1402.86 23.77 17.42 9.90 6.28 13.86 11.02 10.02 28.65 0.11 5.79 8.17
SBI Dynamic Bond Fund - Growth 20.79 09-Feb-2004 3135.26 34.91 24.74 9.95 4.93 13.13 10.92 5.67 27.14 0.11 10.32 7.20
Canara Robeco Dynamic Bond F - Reg - G 19.11 29-May-2009 307.05 37.73 26.82 11.15 4.85 13.12 10.98 8.46 29.27 0.10 6.66 6.79
ICICI Prudential LTP - Growth 20.57 20-Jan-2010 2060.74 34.96 24.21 9.40 3.81 13.01 12.60 10.34 32.88 0.11 13.07 7.76
UTI Bond Fund - Growth 50.32 04-May-1998 1863.19 23.77 17.26 9.42 4.66 12.88 10.84 8.85 28.74 0.09 6.22 8.14
IDFC D B F - Reg - Growth (Re-Launched) 20.27 03-Dec-2008 4724.99 23.36 17.47 7.06 4.52 12.45 11.06 8.71 29.16 0.08 8.17 7.62
ICICI Prudential Dynamic Bond F - Prem Plus - G 19.73 14-Jan-2010 1593.99 27.98 22.52 12.56 4.57 12.23 12.40 9.69 24.51 0.17 6.93 7.54
INCOME FUND
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Years) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Franklin India STIP - Growth 3426.62 31-Jan-2002 8030.31 13.69 11.51 9.19 8.55 10.69 9.47 8.38 13.19 0.10 2.28 10.51
L&T Short Term Income Fund - Reg - G 17.59 04-Dec-2010 564.76 9.83 8.91 7.34 8.08 10.12 9.50 9.14 6.89 0.33 1.81 8.66
DHFL Pramerica Short Maturity Fund - G 30.10 21-Jan-2003 1522.50 12.82 10.40 7.87 6.60 9.41 9.30 7.99 8.66 0.19 2.94 8.43
HDFC Regular Savings Fund - Growth 32.74 28-Feb-2002 4201.33 8.23 8.01 6.71 6.44 9.26 9.80 8.10 6.91 0.31 1.78 8.46
HDFC Short Term Opportunities Fund - G 18.14 25-Jun-2010 9598.66 8.35 7.19 6.23 6.20 8.47 8.95 9.01 6.05 0.21 1.54 7.36
Indiabulls Short Term Fund - Reg - G 1364.27 13-Sep-2013 1081.90 9.96 8.53 6.04 5.86 7.91 8.72 8.81 6.34 0.20 N.A 8.87
IDFC Banking Debt Fund - Reg - Growth 14.03 07-Mar-2013 1070.52 5.62 5.27 5.53 5.82 6.85 8.10 8.40 3.10 0.13 0.55 6.54
SHORT TERM FUND Due to their inherent short term nature, Short term funds have been sorted on the basis of 6month returns
Annualised
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
HDFC Prudence Fund - Growth 475.62 01-Feb-1994 17394.60 8.62 14.36 31.10 15.89 19.36 1.96 0.11 50.55 14.83 7.95 26.67
ICICI Prudential Balanced - Growth 116.96 03-Nov-1999 6922.78 4.88 13.52 27.13 17.67 15.04 1.55 0.10 51.02 15.49 0.86 32.63
Birla Sun Life Balanced Advantage F - G 48.58 25-Apr-2000 347.43 4.11 11.12 25.46 14.02 9.70 1.51 0.15 49.71 15.26 3.47 31.55
DSP BlackRock Balanced Fund - Growth 137.29 27-May-1999 3031.41 7.65 14.33 25.46 19.20 15.68 1.67 0.12 48.76 21.46 3.70 26.08
HDFC Balanced Fund - Growth 135.29 11-Sep-2000 9284.17 7.13 13.19 24.31 18.54 16.89 1.51 0.10 42.71 22.76 1.70 32.84
L&T India Prudence Fund - Reg - G 24.19 07-Feb-2011 3435.65 7.29 16.78 23.54 19.32 15.10 1.45 0.10 40.64 26.10 5.46 27.80
Kotak Balance - Growth 23.01 05-Nov-2014 860.71 5.95 14.30 23.44 N.A 10.90 1.56 0.09 34.61 25.66 4.56 35.16
BALANCED
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SMC Mumbai Team organized Investor Awareness Program held on 13th May 2017 at National Stock Exchange of India Ltd., Mumbai.
SMC Kolkata Team organized Investor Awareness Program held on 17th May 2017 at Hotel Setara, Malda.
SMC Kolkata Team organized Investor Awareness Program held on 16th May 2017 at BSF Camp, Malda.
