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WISE M NEYA Weekly Update from SMC
(For private circulation only)2019: Issue 675, Week: 18th – 22nd March
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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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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 gained during the week defying rising U.S.-China trade tensions. In
GEurope, uncertainty over the exit of Britain from European Union continues to be
there after U.K. parliament rejected Prime Minister Theresa May’s revised Brexit
deal. Chinese authorities are expected to take measures to support the weakness in the
economy as industrial output fell to seventeen years low in the first two months of the year.
Bank of Japan kept monetary policy unchanged stating that the current price levels are not
high enough to justify tightening. The bank said that Japanese economy continued to
expand moderately, but the global slowdown had caused "some weakness" recently in
exports and industrial production.
Back at home, Indian markets posted strong gains with banking index moving to fresh highs
underpinned by capital inflows in the light of hopes that the RBI may go for a rate cut as the
inflation remained under the central bank's projection. Also reduced geopolitical tension,
an expectation of a stable government post election, strengthening rupee and the recent
FII buying activities boosted the sentiments of the investors. It could also be seen that
market has already started pricing in a stronger election outcome. Foreign institutional
investors poured in close to fifteen thousand crores this month in the Indian equities.
Retail inflation inched up for the first time in four months to 2.57 percent in the month of
February compared to a revised 1.97 percent in January 2019. Wholesale inflation too came
a bit higher to 2.93 percent in the month of February from 2.76 percent in the prior month.
Softer inflation is expected to put Reserve Bank in a position to support economic growth.
The Index of Industrial Production (IIP) saw growth slip below the 2% for the second time in
three months in January, with the previous occurrence being the 0.32% growth seen in
November 2018.Going forward, movement of rupee against the US dollar, crude oil prices
and other global cues are likely to give the direction to the markets. Besides, Investment by
foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will also be
closely watched.
On the commodity market front, it was a volatile week for commodities; full of event risk
and therefore market saw wild swings in both sides. Bullion counter witnessed extreme
volatility due to the Brexit dilemma, which has now lacking any real progress. Crude oil
prices may remain on a positive path as production cuts led by OPEC and U.S. sanctions
against Venezuela and Iran likely created a slight deficit in global supply in the first quarter
of 2019. Crude oil can test 4200 levels while taking support near 3900 levels. In base metal
counter, prices may trade in range amid uncertainty regarding the trade dispute between
US and China. German ZEW Survey Expectations, Euro-Zone ZEW Survey, CPI of UK, FOMC
Rate Decision, GDP of New Zeland, Unemployment Rate of Australia, Bank of England Bank
Rate¸ CPI of Japan and Canada, etc are few data that are scheduled this week, which
should be taken care of while trading in commodities.
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
FD Monitor 16
Insurance 17
Mutual Fund 18
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NEWS
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
4
Closing as on 15-03-2019
Stocks *Closing Trend Date Rate SUPPORT RESISTANCE Closing
Price Trend Trend S/l
Changed Changed
S&P BSE SENSEX 38024 UP 08.02.19 36546 36300 35300
NIFTY50 11427 UP 08.02.19 10944 10900 10600
NIFTY IT 15547 UP 21.07.17 10712 15200 14800
NIFTY BANK 29381 UP 30.11.18 26863 27700 27000
ACC 1532 UP 01.03.19 1482 1480 1440
BHARTIAIRTEL 338 UP 15.03.19 338 320 315
BPCL 396 UP 08.03.19 367 360 350
CIPLA 533 UP 01.03.19 552 530 520
SBIN 298 UP 02.11.18 286 270 260
HINDALCO 199 DOWN 04.01.19 211 205 210
ICICI BANK 395 UP 02.11.18 355 360 350
INFOSYS 719 UP 14.12.18 706 690 670
ITC 291 UP 08.03.19 292 280 275
L&T 1397 UP 08.03.19 1339 1320 1290
MARUTI 7084 DOWN 14.09.18 8627 7300 7500
NTPC 158 UP 08.03.19 152 143 136
ONGC 156 UP 08.03.19 150 145 143
RELIANCE 1322 UP 30.11.18 1168 1240 1200
TATASTEEL 515 UP 15.03.19 515 490 475
FORTHCOMING EVENTS
EQUITY
Meeting Date Company Purpose
18-Mar-19 Bharat Dynamics Dividend
18-Mar-19 NLC India Dividend
18-Mar-19 Hindustan Aeronautics Dividend
18-Mar-19 Fiem Industries Dividend
18-Mar-19 Aegis Logistics Dividend
19-Mar-19 IDBI Bank Fund Raising
19-Mar-19 Indian Oil Corporation Dividend
20-Mar-19 Adani Transmission Buyback/Other business matters
26-Mar-19 GOCL Corporation Dividend
Ex-Date Company Purpose
18-Mar-19 Sundaram Clayton Interim Dividend - Rs 16 Per Share
18-Mar-19 TVS Motor Company Interim Dividend - Rs 1.40 Per Share
19-Mar-19 Bharat Electronics Interim Dividend - Re 0.70 Per Share
19-Mar-19 Meghmani Organics Interim Dividend - Re 0.60 Per Share
19-Mar-19 NTPC Bonus 1:5
20-Mar-19 Ujjivan Financial Services Interim Dividend
20-Mar-19 RITES Interim Dividend - Rs 4 Per Share
20-Mar-19 HUDCO Interim Dividend - Re 0.675 Per Share
20-Mar-19 Sun TV Network Interim Dividend
22-Mar-19 Coal India Interim Dividend
22-Mar-19 NMDC Interim Dividend - Rs 5.52 Per Share
25-Mar-19 Mishra Dhatu Nigam Interim Dividend
26-Mar-19 Aegis Logistics Interim Dividend
26-Mar-19 Bharat Dynamics Interim Dividend
26-Mar-19 NLC India Interim Dividend
27-Mar-19 Indian Oil Corporation Interim Dividend
28-Mar-19 CRISIL Dividend Rs - 11 Per Share
DOMESTIC NEWS
Economy
• India's wholesale price inflation rose to 2.93 percent year-on-year in February, data from the Ministry of Commerce & Industry showed following a 2.76 percent climb in January.
• CPI inflation stood at 2.57 percent in February compared to a revised 1.97 percent in January 2019. Core inflation, however remained elevated at close to 5.5 percent in February.
• Index of Industrial Production (IIP) IIP output growth slowed to 1.7 per cent in January from 7.5 per cent a year ago, primarily due to weak manufacturing and electricity output coupled with an adverse base effect.
Pharmaceuticals
• Unichem Laboratories received approval from the US health regulator to market its Allopurinol tablets in the strengths of 100 mg and 300 mg. The tablets are generic version of Zyloprim talets. The tablets are indicated for management of patients with signs and symptoms of primary or secondary gout and those with leukemia and lymphoma.
Technology
• Tech Mahindra will acquire Japan-based mobile network solution firm K-Vision for $1.5 million in an all-cash deal to support 4G and 5G telecom network roll out in Japan. K-Vision provides network services for mobile communications to telecom operators in Japan. The company earned revenue of $4.8 million during 12-month period ended January 31, 2019.
FMCG
• Jubilant FoodWorks Ltd announced its foray into fast casual Chinese dining with the launch of Hong’s Kitchen restaurant in Eros mall, Gurugram. Hong’s Kitchen will be company’s first own restaurant brand and the third overall in its portfolio of brands. The company operates more than 1,200 stores in 271 cities.
Capital Goods
• GE T&D India has been awarded a technology driven grid modernisation project by Rajasthan Rajya Vidyut Prasaran Nigam as part of the utility's roadmap to implement grid initiatives and augmenting renewable energy in the state, which will benefit the Rajasthan's population.
Hotels
• Lemon Tree Hotels has signed a non-binding agreement with Berggruen Hotels Pvt. Ltd. to acquire 100 percent stake in Keys Hotels. Its portfolio includes 21 owned/managed hotels with 1,911 rooms in 19 cities in India. The company also owns two land parcels for hotel development in Goa and Raipur.
Engineering
• BGR Energy Systems announced that the Electrical Projects Division (EPD) and Environmental Engineering Division (EED) of the Company have secured the following two orders for an aggregate value of Rs.324.46 crore.
INTERNATIONAL NEWS
• U.S. Jobless claims rose in the week ended March 9th, to 229,000, a increase of 6000 from the previous week's unrevised level of 223,000 the Labor Department said. Economists had expected jobless claims to edge up to the 225,000.
• U.S. new home sales plunged by 6.9 percent to an annual rate of 607,000 in January from a revised rate of 652,000 in December. Economists had expected new home sales to edge down to a rate of 620,000 from the 621,000 originally reported for the previous month.
• U.S. import prices climbed by 0.6 percent in February after inching up by a revised 0.1 percent in January, while export prices also increased by 0.6 percent in February after falling by a revised 0.5 percent in January.
• U.S. producer price index for final demand inched up by 0.1 percent in February after edging down by 0.1 percent in January. Economists had expected prices to rise by 0.2 percent.
• China Industrial production rose 5.3 percent year-on-year in the January to February period, the National Bureau of Statistics said, which was less than the 5.6 percent gain economists had forecast. The pace of growth was reportedly the weakest since 2002.
• Japan’s total value of core machine orders dropped a seasonally adjusted 5.4 percent in January, coming in at 822.3 billion yen. That missed expectations for a decline of 1.5 percent following the downwardly revised 0.3 percent fall in December (originally -0.1 percent).
BSE SENSEX TOP GAINERS & LOSERS (% Change) NSE NIFTY TOP GAINERS & LOSERS (% Change)
SECTORAL INDICES (% Change)
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
FII/FPI & DII TRADING ACTIVITY (In Rs. Crores)
5
SMC Trend
FTSE 100CAC 40
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
Down SidewaysUp
EQUITY
SMC Trend
BSE Midcap BSE SmallcapSensexNifty Nifty Junior S&P CNX 500
SMC Trend
ITMetal
Oil & GasPower
Cap GoodsCons Durable
Auto BankRealty
FMCGHealthcare
FII / FPI Activity DII trading activity
3755.39
102.54
-1749.84
-420.61
-914.88
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Friday Monday Tuesday Wednesday Thursday
1178.52
3055.73
2380.30
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Bhar� Airtel IndusInd Bank
Yes Bank Reliance Inds. ICICI Bank Tata Motors-DVR
TCS Tata Motors Infosys HCL Technologies
11.04 10.83
7.51
5.89
4.80
-1.75 -1.67-1.07
-0.59-0.19
-4.00
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0.00
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Bhar� Airtel IndusInd Bank Yes Bank Adani Ports H P C L Tech Mahindra TCS Cipla Zee Entertainmen
Tata Motors
10.92 10.85
7.556.97 6.92
-2.82
-1.75-1.33 -1.16
-0.91
2.792.95
1.92
2.47
1.76
2.56
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Ni�y Sensex BSE Midcap BSE Smallcap Ni�y Next 50 S&P CNX 500
1.63
4.23
2.722.89
1.911.72
-0.90
1.70
3.32
1.39
6.40
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
Auto Index Bankex Cap Goods Index Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index Power Index Realty Index
3.01
1.02
2.38
1.24
0.06
2.21
0.70
1.14
2.27
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng FTSE 100 CAC 40ShanghaiComp.
Beat the street - Fundamental Analysis
Source: Company Website Reuters CapitalineAbove calls are recommended with a time horizon of 8 to 10 months.
6
EQUITY
Face Value (Rs.) 2.00
52 Week High/Low 214.95/137.60
M.Cap (Rs. in Cr.) 11705.34
EPS (Rs.) 2.55
P/E Ratio (times) 80.31
P/B Ratio (times) 4.21
Dividend Yield (%) 0.44
Stock Exchange BSE
% OF SHARE HOLDING
VALUE PARAMETERS
ACTUAL ESTIMATE
FY Mar-18 FY Mar-19 FY Mar-20
Revenue 1598.44 1920.44 2100.81Ebitda 298.94 424.85 480.06Ebit 181.61 337.30 368.40Pre-tax Profit 281.34 350.45 383.72Net Income 179.21 230.43 251.19EPS 3.14 4.03 5.00BVPS 50.44 50.70 54.50RoE 6.30% 7.86% 9.20%
EIH LIMITED CMP: 204.80 Upside: 28%Target Price: 262
` in cr
Investment Rationale
• The business of the bank has posted healthy core operating performance led by domestic business growth which was propelled by 16.1% growth in deposits and 15.1% growth in advances. Consequently the domestic market share of the bank has improved YoY by 18 bps under deposits to 4.33% and 19 bps under advances to 4.34%. The domestic advances grew by a robust 24. 6% YoY and CASA (Current Account Savings Account) deposits by 10. 7% with Savings deposits growing at 11.42%. The CASA ratio stood at 32.2%.
• The efforts of the bank for improving the asset quality yielded results with the Gross NPA decreasing by 31 bps to 10.25% and Net NPA at 6. 37%, backed by significant recoveries and upgradations.
• The global business of the bank also surged 13.2% to reach Rs. 9.93 lakh crores. The global deposits of the bank improved 14.2% to Rs. Rs.5.76 lakh crores and the global net advances grew by 11.8% YoY to reach Rs. 4.17 lakh crores with a CD ratio of 72.50%.
• The Net Interest Margin of the Bank improved to 2.65%, from 2.39% YoY and a healthy CASA growth. The provision coverage ratio has improved a healthy 670 bps to 62.54% from 55.81% YoY. Management of the bank further expects it to improve up to 70% and having aim to provide adequate cushion for an organic growth. Moreover, also expects to reduce GNPA below 10% and NNPA below 6% by Q4 FY19.
• The capital optimization measures taken by the bank have led to decrease in risk-weight density to 87.39% as at Dec 2018 from 91.27% YoY. The well capitalized position of the bank will be supportive for further credit growth.
Risk
• Regulatory provisioning on assets
• Unidentified asset slippages
Valuation
Going ahead, the bank aims at improving the bottom-line further with balanced thrust on both retail and corporate advances coupled with increased adoption of digitalization for efficiency improvement. The management of the bank intends to continue focusing on improvement in corporate book with high rated corporate advances. Bank has exhibited healthy improvement in asset quality. Thus, it is expected that the stock will see a price target of Rs. 305 in 8 to 10 months time frame on the P/Bv of 0.7x and FY20 BVPS of 436.36.
Face Value (Rs.) 10.00
52 Week High/Low 302.10/205.15
M.Cap (Rs. in Cr.) 19757.61
EPS (Rs.) 0.00
P/E Ratio (times) 0.00
P/B Ratio (times) 0.65
Stock Exchange BSE
% OF SHARE HOLDING
VALUE PARAMETERS
ACTUAL ESTIMATE
FY Mar-18 FY Mar-19 FY Mar-20
NII 12163.33 14546.43 16340.95
Ebit 9548.24 9252.56 10463.47
Pre-tax Profit -6560.86 1017.53 4314.70
Net Income -4222.24 1065.28 3097.04
EPS -70.47 12.88 38.73
BVPS 485.58 427.63 436.36
RoE -16.74% 3.01% 6.36%
CANARA BANK LIMITED CMP: 262.30 Upside: 16%Target Price: 305
` in cr
Foreign
InstitutionsNon Promoter Corp. Hold.
PromotersPublic & Others
Foreign
InstitutionsNon Promoter Corp. Hold.
PromotersPublic & Others
P/B Chart
Investment Rationale
• EIH Limited is engaged in hospitality and related services. The Company operates luxury hotels under the brand name Oberoi and five-star hotels under the brand Trident.
• The Company has a 100% equity interest in the six ‘The Oberoi Hotels’ located in Mumbai, New Delhi, Kolkata, Bengaluru, Udaipur and Ranthambhore.The Oberoi Hotels and Resorts are luxury properties serving foreign and domestic business customers and high-end leisure travellers. The Oberoi Hotels are widely recognised as being among the leading hotels in their markets and several have been assigned five star deluxe ratings, the highest available rating in India, by the Ministry of Tourism.
• The Company also has equity interests in nine hotels that operate under the “Trident” name. Trident Hotels target business and leisure travellers to metropolitan and tier two cities in India who seek high-quality boarding, lodging and business or recreational facilities at more affordable rates than the five star deluxe segment.
• The Oberoi Gir, a Luxury Jungle Resort spread over 50 acres, is located on the periphery of Gir National Park in Gujarat. The Resort, scheduled to open in the last quarter of 2019 will be managed by the Company and shall consist of 22 Luxury Tents.
• With the reopening of the Delhi property, occupancies and revenues are expected to improve further in coming quarters. Moreover, it has a strong pipeline of rooms which will help drive growth in the longer run.
• Hotel Industry reported an overall improvement in financial performance, supported by favourable overall demand and supply situation in the hotel
industry in India and internal efficiencies. With limited rooms entering the system and rapid uptick in demand, room rates saw an improvement, translating in an improvement in revenue per available room (RevPAR). With expectation of an improvement in occupancies, this uptick is expected to continue in coming quarters.
Risk
• Terrorism and political risk
• Competitive industry and regulatory compliances
Valuation
The company business strategy moves for continued emphasis on high-end, upscale accommodation through the existing ‘The Oberoi and Trident Hotels’, as well as selective expansion in both the five star deluxe and five star segments of the Indian hotel industry by participating in the development and management of new hotel properties in destinations where it sees significant opportunities. Thus we expect the stock to see a price target of Rs 262 in 8 to 10 months time frame on an current P/Bvx of 4.80 and FY20 (BVPS) of Rs 54.50.
P/B Chart
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3-D
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0.30 0.50 0.70 0.90 Close Price
Charts by Spider Software India Ltd
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 Rs 359.35 on 15th March, 2019. It made a 52-week low of Rs
295.25 on 05th October 2018 and a 52-week high of Rs. 399.40 on 16th August
2018. The 200 days Exponential Moving Average (DEMA) of the stock on the daily
chart is currently at Rs 344.44
After registering all time high of 399 levels, stock witnessed profit booking from
higher levels and tested 310 levels, which was their earlier support on charts.
Then after, it started moving higher and crossed its downward sloping resistance
line and also managed to close above the same. Therefore, one can buy in the
range of 353-356 levels for the upside target of 380-385 levels with SL below 338.
The stock closed at Rs 127.75 on 15th March, 2019. It made a 52-week low at Rs
92.65 on 23rd Oct 2018 and a 52-week high of Rs. 130.90 on 14th March 2019. The
200 days Exponential Moving Average (DEMA) of the stock on the daily chart is
currently at Rs 115.87
As we can see on charts that stock was consolidated in the wide range of 95 to
125 levels for ten months and formed an “Inverted Head and Shoulder” pattern
on weekly charts, which is bullish in nature. Last week, stock has given the
breakout of same by registering gains around 8% and also has managed to close
above the same so further buying is anticipated from current levels. Therefore,
one can buy in the range of 123-125 levels for the upside target of 137-140 levels
with SL below 115.
THE KARNATAKA BANK LIMITED (KTKBANK)
7
GAIL (INDIA) LIMITED (GAIL)
DERIVATIVES
CHANGE IN NIFTY OPTION OI (IN QTY) (MONTHLY)
WEEKLY VIEW OF THE MARKET
NIFTY OPTION OI CONCENTRATION (IN QTY) (MONTHLY)
CHANGE IN BANKNIFTY OPTION OI (IN QTY) (MONTHLY)BANKNIFTY OPTION OI CONCENTRATION (IN QTY) (MONTHLY)
Nifty has again closed near weekly high, data reflects that at current levels still there is lot of outstanding short position in Nifty and Index calls and we can
expect another round of short covering. As per current derivative data, Nifty can move towards 11500-11550 mark this week as the market undertone remains
bullish with support of consistent short covering. Derivative data indicate bullish scenario to continue with Nifty having multiple strong supports at lower levels
around 11300 & 11350 spot. Currently, Nifty is moving up, with decent addition in open interest which indicates strength in the current trend. Option writers
were seen active in recent rally as put writings are seen in 11200 & 11300 strikes along with the unwinding in calls. Among Nifty Call options, the 11500 strike call
has the highest open interest of more than 20 lakh shares, while in put options 11300 strike hold the maximum open interest of more than 25 lakh shares. The
Implied Volatility (IV) of calls closed at 12.89% while that for put options closed at 12.20%. The Nifty VIX for the week closed at 15.15% and is expected to remain
volatile. The PCR OI for the week closed at 1.51 which indicates put writing. On the technical front, 11300-11350 spot levels is strong support zone and current
trend is likely to continue towards 11500-11550 levels.
ACC
BUY MAR 1520. PUT 23.50SELL MAR 1500. PUT 17.20
Lot size: 400BEP: 1513.70
Max. Profit: 5480.00 (13.70*400)Max. Loss: 2520.00 (6.30*400)
OPTIONSTRATEGY
FUTURE
DABUR
BUY MAR 420. PUT 6.45SELL MAR 410. PUT 3.80
Lot size: 1250BEP: 417.35
Max. Profit: 9187.50 (7.35*1250)Max. Loss: 3312.50 (2.65*1250)
DERIVATIVE STRATEGIES
IOC
BUY MAR 155. CALL 2.90SELL MAR 160. CALL 1.50
Lot size: 3500BEP: 156.40
Max. Profit: 12600.00 (3.60*3500)Max. Loss: 4900.00 (1.40*3500)
8
Call Put
Call Put
In lakhs
Call Put
In 10,000
BULLISH STRATEGY
SRF(MAR FUTURE)
Buy: Above `2333
Target: `2395
Stop loss: `2296
CUMMINSIND (MAR FUTURE)
Buy: Above `755
Target: `792
Stop loss: `735
APOLLOHOSP(MAR FUTURE)
Sell: Below `1114
Target: `1070
Stop loss: `1142
BEARISH STRATEGY
In 10,000
Call Put
In lakhs
3.93
2.76
5.26 7.
02
7.18
13.6
7
10.6
7 13.5
4
18.9
1
24.5
7
26.4
7
18.7
9
23.6
0 26.8
9
24.6
2
18.4
0
39.8
8
21.0
8
27.8
7
22.7
1
5.50
4.03
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
40.00
45.00
10000 10500 10700 10800 10900 11000 11100 11200 11300 11400 11500
-1.0
1
-0.4
4
-0.8
2
-1.1
5
-2.4
0
-4.8
8
-5.2
5
-4.3
9
-0.5
3
7.26
4.01
-2.4
5
0.03
3.48
0.57
-3.2
8
6.17
13.4
3
20.1
9
21.0
7
4.65
0.03
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
10000 10500 10700 10800 10900 11000 11100 11200 11300 11400 11500
1.24
0.01
3.34
9.31
27.9
4
38.0
5
22.5
6
18.1
3
3.12
2.12
22.7
5
30.5
9
26.2
5
11.8
4
22.6
1
38.3
8
38.4
7
34.9
8
50.0
3
4.17
4.28
17.4
4
0.00
10.00
20.00
30.00
40.00
50.00
60.00
25500 25800 26000 26500 27000 27500 28000 28500 28700 28800 29000
-0.2
6
0.00
-0.4
1
4.88
3.71
0.42
-21.
08 -15.
39
1.49
1.83
11.0
0
-3.5
6 0.00
-9.8
4
-12.
62
-5.5
8
4.57
17.0
0
49.4
0
4.17
4.28
16.3
3
-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
25500 25800 26000 26500 27000 27500 28000 28500 28700 28800 29000
DERIVATIVES
FII’s ACTIVITY IN DERIVATIVE SEGMENT
SENTIMENT INDICATOR (NIFTY)
14-Mar 13-Mar 12-Mar 11-Mar 08-Mar
DISCOUNT/PREMIUM 38.50 24.95 35.65 34.10 40.65
COST OF CARRY% 0.83 0.82 0.81 0.80 0.77
PCR(OI) 1.51 1.45 1.41 1.32 1.30
PCR(VOL) 1.24 1.14 1.21 1.39 1.19
A/D RATIO(NIFTY 50) 1.32 0.59 2.19 7.50 0.70
A/D RATIO(ALL FO STOCK)* 1.04 0.63 1.60 10.63 0.64
IMPLIED VOLATILITY 12.89 13.28 16.88 15.71 16.62
VIX 15.15 15.28 15.10 14.90 14.90
HISTORICAL VOLATILITY 13.58 13.99 14.38 13.66 12.98
*All Future Stock
SENTIMENT INDICATOR (BANKNIFTY)
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
#All Future Stock
14-Mar 13-Mar 12-Mar 11-Mar 08-Mar
DISCOUNT/PREMIUM 89.15 54.50 84.40 114.05 121.35
COST OF CARRY% 0.83 0.82 0.81 0.80 0.77
PCR(OI) 1.89 1.95 1.65 1.43 1.35
PCR(VOL) 2.68 1.95 1.30 1.18 1.26
A/D RATIO(BANKNIFTY) 1.20 4.50 0.83 10.00 0.57#A/D RATIO(ALL FO STOCK) 1.38 3.75 0.33 19.00 0.43
IMPLIED VOLATILITY 15.32 15.27 16.68 15.52 13.96
VIX 15.15 15.28 15.10 14.90 14.90
HISTORICAL VOLATILITY 16.74 17.25 16.17 14.54 14.58
9
In Cr. In Cr.
TOP 10 SHORT BUILD UPTOP 10 LONG BUILD UP
LTP % Price Change Open interest %OI Chng
JUSTDIAL 605.30 10.57% 3329200 39.64%
CUMMINSIND 743.55 1.24% 1578500 32.10%
PFC 110.90 1.79% 30553600 22.89%
INDIANB 263.95 6.28% 4430000 22.24%
MINDTREE 953.95 3.19% 3496200 21.37%
ONGC 150.40 1.31% 36817500 18.53%
TATAGLOBAL 207.35 6.63% 11603250 17.87%
BEML 973.70 7.85% 1773100 17.54%
BPCL 389.95 5.56% 7520400 17.39%
BAJAJ-AUTO 3006.75 1.77% 3216000 17.09%
LTP % Price Change Open interest %OI Chng
RELCAPITAL 168.45 -11.34% 9058500 27.78%
RAMCOCEM 721.75 -1.04% 909600 14.96%
APOLLOHOSP 1138.05 -3.39% 1397000 9.61%
DHFL 132.60 -5.62% 20326500 9.31%
ACC 1547.95 -2.28% 2508400 9.27%
TECHM 792.95 -2.88% 11944800 7.12%
HEXAWARE 337.85 -2.83% 3106500 6.31%
SAIL 53.05 -1.39% 75204000 4.38%
M&MFIN 428.55 -2.38% 11830000 3.44%
TCS 1997.90 -1.71% 15080250 2.91%
45
6
17
0
14
4
37
7 53
3
-25
1
-13
-95
1
18
22
48
5
-1500
-1000
-500
0
500
1000
1500
2000
28-Feb 01-Mar 05-Mar 06-Mar 07-Mar 08-Mar 11-Mar 12-Mar 13-Mar 14-Mar
44
71
23
64
11
90
96
7
21
44
-19
1
12
29 15
23
52
1
10
22
-1000
0
1000
2000
3000
4000
5000
28-Feb 01-Mar 05-Mar 06-Mar 07-Mar 08-Mar 11-Mar 12-Mar 13-Mar 14-Mar
10
The bearish trend is likely to prevail in turmeric futures (Apr) as the downside may get extended towards 6100-6000 levels. In the present scenario, almost all the traders are buying for their requirement alone and they do not want to stock turmeric, as they are expecting the new Erode Turmeric may arrive for sale by the middle of April and also they may get fresh upcountry demand for the new turmeric soon. The recovery seen last week in jeera futures (Apr) faced resistance near 15775 levels & then retraced on the back of profit booking. This phenomenon may drag down the counter to 14500, if breached the support near 15000 levels. Overall, the sentiments are bearish on better output prospects. The traders are optimistic of higher output because of adequate availability of water. India’s cumin seed (jeera) output is set to touch 4,16,000 tonnes for 2019, about 9% higher than the previous year, supported by a sharp jump in production in Rajasthan. Besides, lower export demand in the physical market also capping the upside. Coriander futures (Apr) may witness a consolidation in the range of 6300-6680 levels. Spot prices remained steady at major markets of Rajasthan amid matching demand and supply whereas in Guna, the major market of Madhya Pradesh, prices are declining with rise in new arrivals of low quality and higher moisture content. Cardamom futures (ApriL) may see a rise till 1530-1560 levels as demand is outweighing the supply. The growing areas have not received rains for some time coupled with protracted dry spell has changed the market sentiment to bullish. The period between now and the next crop remains wider compelling many to cover whatever material arriving at the auctions.
SPICES
Bullion counter has witnessed extreme volatility recently due to the Brexit
dilemma, which has now resulted in a stalemate lacking any real progress to
resolve their current dilemma. There is also the factor of recent volatility seen in
the British pound and Euro dollar, a direct result of Brexit issues. British
lawmakers voted last week to seek to delay Brexit - maybe for weeks, maybe for
months - after Prime Minister Theresa May's plans for leaving the European Union
have been repeatedly rejected by a UK Parliament trying to wrest control from
her. Meanwhile stronger local currency rupee is also capping the upside which
appreciated to nearly 69.20 on robust foreign inflows ahead of general elections.
FIIs have flooded Indian markets with $1.8 billion till date in March, which has
partially helped market rally. Gold can take support near 31400 levels while
facing resistance near 32400 levels while silver can dip towards 37000 levels
while facing resistance near 38500 levels. Federal Reserve chairman Jerome
Powell said the U.S. central bank does “not feel any hurry” to change the level of
interest rates again as it watches how a slowing global economy affects local
conditions in the U.S. The number of Americans filing applications for
unemployment benefits increased more than expected in penultimate week,
suggesting the labour market was slowing, while new home sales fell more than
expected in January. US sales of both gold and silver coins jumped to two-year
highs in January, but then slumped again in February.
BULLIONS
Soybean futures (Apr) is trading near its two months low & this bearish trend is likely to persist as it can fall further towards 3550 levels, if breaks the near term support of 3625 levels. Demand in the physical market is continuing to remain subdued from millers and crushers with ongoing lean season for soybean and oil market. Soy oil futures (Apr) is likely to witness sell on rise & touch 725 levels owing to increasing supply pressure of imported edible oil in the domestic market. The overall import of vegetable oils during November 2018 to February 2019 is reported at 4,862,849 tons compared to 4,785,778 tons i.e. up by 1.61%. The bearish trend of CPO futures (Mar) is expected to continue till 510-505 levels, taking negative cues from the fundamental factors emerging in the international market. The European Commission concluded that palm oil should be phased out from transport fuel due to environmental concerns. Apart from this, there is ample supply of palm oil in India which is exerting pressure on domestic edible oil prices. During Nov.’18-Feb.’19, Palm Oil import has marginally increased to 3,070,466 tons from 3,034,514 tons during the same period of last year; however Soft Oils import decreased to 1,541,346 tonnes from 1,620,936 tonnes during the same period of last year. Total stock at ports and in pipelines on 1st March is reported at 2,195,000 tons, increased by 85,000 tons from 2,110,000 tons as on 1st February, 2019. The downtrend of mustard futures (Apr) is likely to go down further to test 3730 levels. The ongoing phase of lean demand, significant arrivals amid expectations of bumper crop output this season would drag down the prices.
OIL AND OILSEEDS
Crude oil prices may remain on positive path as production cuts led by OPEC and U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019. However, oil prices have been capped by concerns that an economic slowdown will soon start denting growth in fuel demand. Crude oil can test 4200 while taking support near 3900. The Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies such as Russia - known as the OPEC+ alliance pledged to withhold 1.2 million barrels per day (bpd) in crude supply from the start of the year to tighten markets and prop up prices. U.S. crude oil production is expected to grow slower than previously expected in 2019 and average about 12.30 million barrels per day (bpd) the U.S. Energy Information Administration (EIA) stated recently. Meanwhile, U.S. sanctions against Venezuela as well as Iran have further tightened oil markets. With OPEC voluntarily withholding supply and U.S. sanctions preventing Iranian and Venezuelan oil from entering markets, global crude flow data in showed a slight supply deficit likely appeared in the first quarter. Natural gas counter may witness short covering at lower levels as it may take support near 190 and can recover towards 215 levels. U.S. natural gas futures got support after the release of a federal report showing the biggest weekly storage draw ever during the month of March. The rapid drop in demand reflected in the latest weather outlooks has occurred as production has shown signs of rebounding from earlier lows.
ENERGY COMPLEX
The upside move of cotton futures (Mar) may remain restricted near 21320 levels. After the recent spurt in cotton prices, many ginning factories in Telangana and Gujarat have stopped their operation as the cotton production has gone down. So, arrival of the cotton bales to Tamil Nadu markets has decreased, and resulted in sudden increase of the cotton price. However, the prices are expected to cool down as the Cotton Corporation of India (CCI) is likely to start selling its existing stocks, procured in the ongoing 2018-19 season (Oct-Sept) from April.. On the international market, ICE cotton futures (May) is facing resistance near 76 cents per pound. In days to come may trade with a downside bias reacting negative to the news that a meeting between President Donald Trump and President Xi Jinping to sign an agreement to end their trade war won’t occur this month and is more likely to happen in April at the earliest. Chana futures (Apr) may show a break out of its resistance near 4270 & move higher to test 4350 levels. The near term support is 4250 levels. The positive factor which may lift the sentiments is that the festival demand for chana ahead of Holi. The Besan or Gram flour is used in making a variety of savoury and sweet dishes. Mentha oil (Mar) is likely to gain further to test 1730-1760 levels. The overall sentiments are still bullish as demand from both domestic and export fronts are emerging at existing price levels. While, the major producing belts of Chandausi in Uttar Pradesh are witnessing lower arrivals as farmers are holding back their produce anticipating rise in prices ahead.
OTHER COMMODITIES
In base metal counter, prices can trade with sideways bias amid uncertainty regarding the trade dispute between US and China. According to the Treasury Secretary Steven Mnuchin “A summit to seal a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping will not happen at the end of March as previously discussed because more work is needed in U.S.-China negotiations”. Copper may take the support of 435 levels and resistance near 455 levels. On warrant stocks of copper, those not earmarked for delivery, in LME-approved warehouses jumped 34,900 tonnes to 66,325 tonnes. The premium of cash copper over the three-month LME contract eased to $20 a tonne from a discount of $70 recently, indicating worries over tight supply were easing. Meanwhile Lead may dip towards 144 levels while facing resistance near 150 levels. Aluminium can remain sideways as it can take support near 142 levels while facing resistance near 149 levels. The United States is working on a plan to lift tariffs from Mexican and Canadian steel and aluminum but preserve the gains that domestic producers have received from the duties so far. Zinc may dip lower towards 190 levels while facing resistance near 205 levels. LME zinc stocks have fallen to 58,950 tonnes, the lowest since October 2007. Meanwhile investors have been holding metal outside LME warehouses where storage is cheaper. Nickel can also witness some profit booking at higher levels as it can test 860 levels while facing resistance near 925 levels.
BASE METALS
11
TREND SHEET
Closing as on 14.03.19
EXCHANGE COMMODITY CONTRACT CLOSING DATE TREND TREND RATE TREND SUPPORT RESISTANCE CLOSING
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN APR 3667.00 31.12.18 UP 3444.00 3500.00 - 3470.00
NCDEX JEERA APR 15515.00 22.01.19 Down 16955.00 - 15900.00 16000.00
NCDEX REF.SOY OIL APR 741.50 07.03.19 Down 739.00 - 755.00 757.00
NCDEX RMSEED APR 3813.00 15.02.19 Down 3900.00 - 4020.00 4030.00
NCDEX CHANA APR 4238.00 24.12.18 Down 4520.00 - 4400.00 4420.00
NCDEX GUARSEED APR 4319.00 05.02.19 Down 4250.00 - 4350.00 4380.00
NCDEX COCUD APR 2136.50 11.03.19 UP 2070.50 2030.00 - 2010.00
NCDEX CASTOR APR 5384.00 23.01.19 Sideways 5258.00 5100.00 5450.00 -
MCX CPO MAR 521.80 05.03.19 Down 548.70 - 575.00 577.00
MCX MENTHA OIL MAR 1692.30 12.03.19 UP 1684.90 1570.00 - 1560.00
MCX SILVER MAY 37927.00 04.03.19 Down 38570.00 - 38800.00 39000.00
MCX GOLD APR 31808.00 04.03.19 Down 32700.00 - 32600.00 32700.00
MCX COPPER APR 445.15 07.03.19 Down 456.00 - 460.00 462.00
MCX LEAD MAR 145.60 04.03.19 Down 151.00 - 151.00 152.00
MCX ZINC MAR 198.85 07.03.19 Sideways 196.00 184.00 202.00 -
MCX NICKEL MAR 891.30 07.03.19 Sideways 915.00 890.00 950.00 -
MCX ALUMINIUM MAR 146.45 07.03.19 Down 145.40 - 152.00 153.00
MCX CRUDE OIL APR 4098.00 01.03.19 Sideways 4100.00 3800.00 4100.00 -
MCX NATURAL GAS MAR 197.70 21.01.19 Down 217.90 - 210.00 211.00
TECHNICAL RECOMMENDATIONS
CRUDE MCX (APR) contract closed at Rs. 4098 on 14th Mar’19. The contract made its
high of Rs. 4170 on 22nd Feb’19 and a low of Rs. 3302 on 31st Dec’18. The 18-day
Exponential Moving Average of the commodity is currently at Rs. 4022.80.On the daily
chart, the commodity has Relative Strength Index (14-day) value of 56.66.
One can sell below Rs. 4025 for a target of Rs. 3880 with the stop loss of Rs. 4090.
NATURAL GAS MCX (MAR) contract closed at Rs. 197.70 on 14th Mar’19. The contract
made its high of Rs. 211.40 on 15th Jan’19 and a low of Rs. 185.10 on 7th Feb’19. The 18-
day Exponential Moving Average of the commodity is currently at Rs. 197.39. On the
daily chart, the commodity has Relative Strength Index (14-day) value of 49.39.
One can buy at Rs. 192 for a target of Rs. 206 with the stop loss of Rs. 185.
GUARGUM NCDEX (APR) contract was closed at Rs. 8789 on 14th Mar’19. The contract
made its high of Rs. 9006 on 21th Jan’19 and a low of Rs. 8295 on 27th Feb’19. The 18-day
Exponential Moving Average of the commodity is currently at Rs. 8606.5.On the daily
chart, the commodity has Relative Strength Index (14-day) value of 59.06.
One can buy at Rs. 8600 for a target of Rs. 9000 with the stop loss of Rs. 8400.
NEWS DIGEST
It was a volatile week for commodities; full of event risk and therefore market saw wild swings
in both sides. The British Parliament rejected Prime Minister Theresa May's deal to quit the
European Union for a second time, deepening the country's political crisis days before the
planned departure date on March 29. Gold scaled a near two-week peak on Wednesday, after
reclaiming the key $1,300 level in the previous session, as investors opted for the safe-haven
metal after British lawmakers rejected an amended exit deal, while a weaker dollar lent further
support. The disappointing U.S. data, which followed a spate of weak reports from other
economies, cascaded concerns on slowdown in global growth. U.S. consumer prices rose for the
first time in four months in February, but the pace of the increase was modest, resulting in the
smallest annual gain in nearly 2-1/2 years, supporting the Federal Reserve's 'patient' stance on
U.S. interest rate hikes. Though in the second half of the week, gold took correction and settled
in sideways zone. Silver was down in both international and domestic market; tracking the
weaker trend in base metals. Back at home, sharp appreciation in INR kept the precious metals
on lower side. USD hit the low of 69.10 on improved flow of FII’s. Disappointing data from US and
China, lingering trade war issue & BREXIT delay etc lowered the sentiments in base metals
counter due to which copper, nickel and lead traded bearish while aluminium and zinc hold the
gain. Crude gradually showed its strength, reacted on various statements given by OPEC for
supply cut. The U.S. Energy Information Administration reported that crude oil inventories fell
by 3.86 million barrels in the week to March 8 versus forecasts for a stockpile build of 2.66
million. It traded near four month high. Natural gas prices are consolidating and showing
gradual upside move.
Oil seeds and edible counters were major victim of weak demand and most of them traded on
weaker note. Malaysian palm oil futures slid for a sixth consecutive session on Wednesday to
their lowest in three months on pressure from expectations of lower demand in top importer
India and rising domestic production. World palm oil demand may suffer its first contraction in
two decades during the 2019/20 crop year due to rising domestic oilseed supplies in India and
slowing demand in Europe and China. Cotton saw strong rebound on lower production amid
improved demand. Jeera and dhaniya showed some strength whereas turmeric and cardamom
shed some previous gain.
12
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
WEEKLY COMMENTARY
COMMODITY UNIT 06.03.19 13.03.19 DIFFERENCE
QTY. QTY.
BRASS MT 1.93 0.00 -1.93
CARDAMOM MT 2.50 2.50 0.00
COTTON BALES 181500.00 192800.00 11300.00
GOLD KGS 19.00 19.00 0.00
GOLD MINI KGS 1.60 1.60 0.00
GOLD GUINEA KGS 2.37 2.37 0.00
MENTHA OIL KGS 335008.15 315584.30 -19423.85
SILVER (30 KG Bar) KGS 11001.17 8498.52 -2502.64
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
COMMODITY UNIT 07.03.19 14.03.19 DIFFERENCE
QTY. QTY.
CASTOR SEED MT 49167 50328 1161
CHANA MT 5113 7073 1960
COCUD MT 54293 53314 -979
GUARGUM MT 15924 15810 -114
GUARSEED MT 22807 22816 9
RM SEED MT 0 50 50
SOYBEAN MT 128957 118884 -10073
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
• U.S. consumer prices rose for the first time in four months in Februaryt, resulting in the smallest annual gain in nearly 2-1/2 years.
• Commodity trader Trafigura is shipping gasoline and gasoline blendstocks to South America from Asia in a crude tanker.
• U.S. crude oil production is expected to grow slower than previously expected in 2019 and average about 12.30 million barrels per day (bpd).
• China's daily steel output rose in January and February, as ramped up production.
• Pre Expiry Margins for Coriander futures contract shall now be levied at 1.5% per trading day in the last 11 trading days till the expiry day of the respective contracts. The revised pre-expiry margin will be applicable in all the running contracts expiring from April 2019 and in contracts to be launched.
• Additional Margin of 5% on buy (long) and sell (short) side of all running contracts and yet to be launched contracts of Cardamom withdrawn with effect from Tuesday, March 12, 2019.
• The European Commission restricted the types of biofuels from palm oil that may be counted toward the EU’s renewable-energy goals and introduced a certification system.
• DGCX will launch two new base metal products, aluminum futures and zinc futures. They will go live on March 22.
• LME launched seven new cash-settled futures contracts 11th March, including hot-rolled coil (HRC) steel, alumina and cobalt.
4.56%
3.87%
3.45%
1.50%1.31%
-4%
-3%
-2%
-1%
0%
1%
2%
3%
4%
5%
CRUDE OIL MINI ZINC MENTHA OIL COTTON ALUMINIUM CPO NICKEL MINI SILVER NATURAL GAS GOLD
-3.01%
-2.52%
-2.07%
-1.74%
-1.12%
-4%
-2%
0%
2%
4%
6%
8%
COCUD MAIZE RABI BARLEY CORIANDER COTTON CPO TURMERIC SOYABEAN RM SEED
7.31%
2.98%
2.20% 2.07% 1.94%
-2.90%
-2.34%
-1.00% -0.86%
COMMODITY
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
SPOT PRICES (% change) Aluminium Mini & Zinc Mini......Now compulsory deliverable.
13
COMMODITY EXCHANGE CONTRACT 08.03.19 14.03.19 CHANGE%
ALUMINIUM LME CASH 1848.00 1873.50 1.38
COPPER LME CASH 6398.50 6409.00 0.16
LEAD LME CASH 2072.00 2111.00 1.88
NICKEL LME CASH 13040.00 12930.00 -0.84
ZINC LME CASH 2706.00 2878.00 6.36
GOLD COMEX APR 1299.30 1295.10 -0.32
SILVER COMEX MAY 15.35 15.17 -1.17
LIGHT CRUDE OIL NYMEX APR 56.07 58.61 4.53
NATURAL GAS NYMEX APR 2.87 2.86 -0.35
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
07.03.19 14.03.19
ALUMINIUM 1229000 1198375 -30625
COPPER 120075 111775 -8300
NICKEL 194622 193116 -1506
LEAD 76675 77850 1175
ZINC 61000 58950 -2050
After great success of compulsory delivery in Aluminium & Zinc contracts, MCX, after receiving permission from SEBI, has also modified the contract specifications in Aluminium Mini and Zinc Mini contracts i.e. from “Both Options” (cash and delivery) to “Compulsory delivery". The revised contract specifications for the above mentioned contracts have been implemented w.e.f. March 8, 2019. The June & July 2019 contracts of both Aluminium Mini & Zinc Mini are available for trading.
Sebi has been emphasizing on physical delivery settlement because as Sebi wants to reduce the distinction between cash market and derivative market to control speculation & volatility in the market. India has been producing these commodities. So, physical settlement can be done in India. If contracts have to be settled by delivery, domestic prices will be needed. But after successful settlement and compulsory delivery in Aluminium & Zinc contracts, Sebi has taken steps to allow compulsory delivery in Mini contracts of these both commodities.
Benefit of compulsory delivery
• The main benefit of having compulsory delivery is that it will curb excessive speculation.
• Another benefit of having compulsory delivery will be that as of now the cash settlement of commodity contracts is based on LME prices. But now in Zinc and Aluminium they will be based on local prices and also factor in taxes, freight and warehousing costs.
• Commodity derivatives are also hedging tool for those holding actual commodity, while speculators who traded without holding the underlying commodity impart liquidity to the counter by taking on the risk of the hedger.
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 08.03.19 14.03.19 CHANGE(%)
Soybean CBOT MAY Dollars Per Bushel 8.95 8.99 0.38
Soy oil CBOT MAY Cents per Pound 29.39 29.53 0.48
CPO BMD MAY MYR per MT 2125.00 2063.00 -2.92
Cotton ICE MAY Cents per Pound 73.33 74.34 1.38
-1.74
-0.66
-0.54
-0.39
-0.37
-0.31
-0.15
0.00
0.03
-4.00 -2.00 0.00 2.00 4.00 6.00 8.00 10.00
BARLEY (JAIPUR)
TURMERIC (NIZAMABAD)
JEERA (UNJHA)
SOYABEAN (INDORE)
WHEAT (DELHI)
MUSTARD (JAIPUR)
SUGAR (KOLKATA)
CRUDE PALM OIL (KANDLA)
RAW JUTE (KOLKATA)
GUR (MUZAFFARNGR.)
PEPPER MALABAR GAR (KOCHI)
COTTON (KADI)
GUAR SEED (JODHPUR)
GUAR GUM (JODHPUR)
CORIANDER (KOTA)
COTTON SEED OIL CAKE (AKOLA)
1.03
2.25
2.47
3.16
5.28
5.59
7.68
Particulars Aluminium Mini June 19 onward. Zinc Mini June 19 onward.
Trading Unit 1 MT 1 MT
Maximum 150 MT 100 MT Order SizeDelivery logic Compulsory delivery Compulsory delivery
Final As per simple average of last As per simple average of lastSettlement 3 days domestic spot market 3 days domestic spot market Price polled prices (evening spot). polled prices (evening spot)
Price (LME*INR)+premium+custom (LME*INR)+premium+customCalculation duty+other charges duty+other charges
Last day trading 5.00 PM 5.00 PMtime(On expiry)Tender Period Last 5 days Last 5 days
Tender Period 5% incremental for last 5% incremental for last 5margin 5 working days margin working days
Delivery Period E+1 day E+1 day
Delivery Process All deliveries through All deliveries through commodity receipt information commodity receipt system(COMRIS) information system(COMRIS)
Delivery Location Thane District Region Thane District Region
Quality
Specifications &
Shape
Additional Any other Primary Aluminium Any other Primary ZincDeliverable producer brand as approved producer brand as approved Grade by MCX by MCX
Primary Aluminium Ingots with minimum purity of 99.70%. Only LME approved brands will be accepted. For the purpose of quality assessment, reliance shall be placed by the WSP on the Certificate of Analysis (CoA) issued by the producer.
Primary Special High-Grade Zinc with minimum purity of 99.995%. Only LME approved brands will be accepted. For the purpose of quality assessment, reliance shall be placed by the WSP on the Certificate of Analysis (CoA) issued by the producer
Source: MCX
Changes in MCX Aluminium Mini & Zinc Mini contracts
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 70.2200 70.2200 69.3600 69.4575
EUR/INR 78.9875 79.2300 78.5900 78.6650
GBP/INR 91.2900 92.5800 90.9325 92.0400
JPY/INR 62.6425 63.3825 62.2500 62.3400
(* NSE Currency future, Source: Reliable, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
Market Stance
It was a great week for Indian Rupee amid record FIIs flows into equity. So far FIIs pumped in Rs 14,807 Crs in March till date surpassed last month in-flows of Rs 13,564 in equity. Recent move by RBI for Dollar swapping leads to an alternative route to inject liquidity into the system avoiding the conventional way via OMOs bond purchases. RBI will engage with BUY/SELL swap with banks. March 26th 2019 is scheduled for auction to inject Rs 35,000 crs in the system. It will be negative for Bonds as RBI infused liquidity through OMOs purchases – the conventional way of injecting liquidity. Forward premia will certainly shrink. The swap arrangement will open window to buy short end and sell longer end. Importer will be comfortable for lower premium and exporter has to chase forward premiums. On the global arena, Brexit has created world attraction after series of voting session went by in House of Commons. So far Article 50 – Notification for departure of UK from EU on 29th March 2019 has been extended to atleast June. Sterling swung since Withdrawal Agreement to Extension of Article 50. Euro slightly retraced from its recent lows against a Dollar after subdued economic data from US. Going forward FOMC rate decision and policy guidance this week will bring more colors to FX market. USDINR is likely to stay within the range of 68.60 and 69.50.
14
EUR/INR (MAR) contract closed at 78.6650 on 14th Mar’ 19. The contract made its
high of 79.2300 on 14th Mar’19 and a low of 78.5900 on 12th Mar’19 (Weekly Basis).
The 14-day Exponential Moving Average of the EUR/INR is currently at 79.7114
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 28.80.
One can sell around 79.00 for a target of 78.10 with the stop loss of 79.30.
EUR/INR
USD/INR (MAR) contract closed at 69.45 on 14th Mar’ 19. The contract made its
high of 70.22 on 11th Mar’19 and a low of 69.36 on 14th Mar’ 18 (Weekly Basis). The
14-day Exponential Moving Average of the USD/INR is currently at 70.3552
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of
27.46.One can Sell above 69.70 for the target of 68.85 with the stop loss of 70.30.
USD/INRTechnical Recommendation
GBP/INR (MAR) contract closed at 92.04 on 14th Mar’ 19. The contract made its
high of 92.58 on 12th Mar’19 and a low of 90.93 on 11th Mar’18 (Weekly Basis). The
14-day Exponential Moving Average of the GBP/INR is currently at 92.42
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 46.45.
One can sell at 92.20 for a target of 91.30 with the stop loss of 92.70.
GBP/INR
JPY/INR (MAR) contract closed at 62.3400 on 14th Mar’ 19. The contract made its
high of 63.3825 on 11th Mar’19 and a low of 62.2500 on 14th Mar’19 (Weekly Basis).
The 14-day Exponential Moving Average of the JPY/INR is currently at 63.3661
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 28.43.
One can sell at 63.65 for a target of 63.05 with the stop loss of 63.95.
JPY/INR
Economic gauge for the next week
News Flows of last week
11th MAR U.S. retail sales unexpectedly rose in January by 0.2 percent, lifted
by an increase in purchases of building materials and discretionary
spending.
12th MAR Indian CPI-based retail inflation rose 2.57% in February, compared
with a median estimate of 2.4%
12th MAR UK Parliament voted for withdrawal agreement. Theresa May lost
by 391-242
13th MAR UK Parliament voted for No-Deal. Theresa May got mandate by 312-
308
14th MAR UK Parliament voted for extension of Article 50. Lower house voted by
412-202 to ask the EU to push back UK’s departure to at least June 30.
Date Currency Event Previous
18th MAR GBP Consumer Inflation Expectations (QoQ) 3.2%
19th MAR GBP Average Earnings Index 3m/y 3.4%
20th MAR GBP CPI YoY 1.8%
21st MAR USD FOMC Economic Projections
21st MAR USD FOMC Statement
21stMAR USD Federal Funds Rate 2.50%
21st MAR GBP Monetary Policy Summary
IPOIPOIPOIPO
15
*Closing price as on 14-03-2019
IPO TRACKER
Company Sector M.Cap (In Rs Cr.) Issue Size (in Rs Cr.) List Date Issue Price List Price Last Price %Gain/Loss (from Issue price)*
Chalet Hotels Hotels & Restaurants 6730.93 1641.00 7-Feb-18 280.00 294.00 320.00 14.29
Xelpmoc Design IT 96.07 23.00 4-Feb-18 66.00 56.00 70.00 6.06
Garden Reach Shipbuilding Shipping 1170.53 345.00 10-Oct-18 118.00 104.00 99.70 -15.51
AAVAS Financiers Ltd NBFC 9335.98 1734.00 8-Oct-18 821.00 758.00 1193.70 45.40
Ircon International Ltd Railway 3950.17 470.00 28-Sep-18 475.00 410.30 417.30 -12.15
CreditAccess Grameen Ltd. NBFC 6740.65 1131.00 23-Aug-18 422.00 393.00 473.05 12.10
HDFC Asset Management Co AMC 31984.00 2800.00 6-Aug-18 1100.00 1726.25 1506.95 37.00
TCNS Clothing Co. Limited Retail 4799.93 1125.00 30-Jul-18 716.00 715.00 782.70 9.32
Varroc Engineering Limited Auto Ancillary 8416.65 1945.00 6-Jul-18 967.00 1015.00 627.20 -35.14
Fine Organic Industries Limited FMCG 3656.27 600.00 6-Jul-18 783.00 815.00 1186.60 51.55
RITES Limited Railway 5330.70 460.00 6-Jul-18 185.00 190.00 266.50 44.05
Indostar Capital Finance Ltd NBFC 3162.34 1844.00 21-May-18 572.00 600.00 343.85 -39.89
Lemon Tree Hotels ltd Hotel 6585.65 1038.00 9-Apr-18 56.00 61.60 83.65 49.38
ICICI Securities Ltd Broking House 8343.50 4016.00 4-Apr-18 520.00 431.10 258.95 -50.20
Mishra Dhatu Nigam Ltd Metal 2600.39 439.00 4-Apr-18 90.00 87.00 139.50 55.00
Karda Construction Ltd Construction 239.10 78.00 2-Apr-18 180.00 136.00 193.75 7.64
Sandhar Technologies Ltd Auto Industry 1693.19 513.00 2-Apr-18 332.00 345.00 281.70 -15.15
Hindustan Aeronautics Ltd Defence 22586.82 4229.00 28-Mar-18 1240.00 1169.00 675.85 -45.50
Bandhan Bank Ltd Bank 61145.67 4473.00 27-Mar-18 375.00 485.00 513.35 36.89
Bharat Dynamics Ltd Defence 5215.21 961.00 23-Mar-18 428.00 360.00 283.90 -33.67
H.G. Infra Engineering Ltd Infrastructure 1701.60 4229.00 9-Mar-18 270.00 270.00 261.25 -3.24
Aster DM Healthcare Health Care 7890.57 981.00 26-Feb-18 190.00 182.10 156.30 -17.74
Galaxy Surfactants Ltd FMCG 3892.84 937.00 8-Feb-18 1480.00 1520.00 1097.60 -25.84
Amber Enterprises India Consumer Durables 2558.10 600.00 30-Jan-18 859.00 1180.00 821.70 -4.34
Newgen Software Technologies Software 2073.46 424.00 29-Jan-18 245.00 253.00 304.05 24.10
Apollo Micro Systems Ltd Defense 228.33 156.00 22-Jan-18 275.00 478.00 111.25 -59.55
Astron Paper & Board Mill paper 473.30 70.00 28-Dec-17 50.00 120.00 101.45 102.90
Future Supply Chain Solutions Ltd Logistics 2437.23 650.00 18-Dec-17 664.00 674.00 609.50 -8.21
Shalby Ltd Hopsital 1477.14 504.00 15-Dec-17 248.00 237.00 136.90 -44.80
HDFC Standard Life Insurance Ltd Insurance 73778.70 8695.00 17-Nov-17 290.00 311.00 366.60 26.41
Khadim India Ltd Footwear 817.50 544.00 14-Nov-17 750.00 727.00 452.05 -39.73
New India Assurance Co. Ltd. Insurance 32240.71 9600.00 13-Nov-17 800.00 748.90 195.00 -75.63
Mahindra Logistics Ltd Logistics 3530.61 830.00 10-Nov-17 429.00 432.00 493.55 15.05
Reliance Nippon Life Insurance 11679.75 1542.00 6-Nov-17 252.00 294.00 192.60 -23.57
GIC of India General Insurance 44817.65 11373.00 25-Oct-17 912.00 850.00 255.75 -71.96
Indian Energy Exchange Power Trading 4970.81 1000.00 23-Oct-17 1650.00 1500.00 165.30 -89.98
MAS Financial Services Financial Services 2930.51 460.00 18-Oct-17 459.00 660.00 536.45 16.87
Godrej Agrovet Agri Business 9894.43 1157.00 16-Oct-17 460.00 621.00 513.70 11.67
Prataap Snacks Ltd FMCG 2107.71 482.00 5-Oct-17 938.00 1250.00 929.00 -0.96
FIXED DEPOSIT MONITOR
* Interest Rate may be revised by company from time to time. Please confirm Interest rates before submitting the application.
* For Application of Rs.50 Lac & above, Contact to Head Office.
* Email us at [email protected]
FIXED DEPOSIT COMPANIES PERIOD
ADDITIONAL RATE OF INTEREST (%) MIN.
INVESTMENTS.NO (NBFC COMPANY -NAME)
12M 18M 24M 36M 45M 48M 60M 84M
SR. CITIZEN BENEFIT: 0.25% EXTRA FOR
12M TO 35M & 0.40% EXTRA FOR 36M TO 120M
OR 0.05% EXTRA FOR WOMEN CUSTOMERS
0.40% EXTRA FOR SR CITIZEN,WIDOW, EXISTINGDHFL HOME BORROWERS & DHFL MORTGAGE &SME LOAN CUSTOMERS, 0.15% EXTRA FORRENEWAL BUT APP SHOULD REACH IN COMPANYBEFORE DUE DATE.
(Rs.)
96-120M=7.75%; 0.25% FOR FEMALE, SENIORCITIZEN & TRUST
HDFC LTD- PREMIUM DEPOSIT FOR INDIVIDUAL(UPTO RS. 2 CR.)
DEWAN HOUSING FINANCE CORPORATION LTD
FOR < RS. 5 CRORE
DEWAN HOUSING FINANCE CORPORATION LTD
(AASHRAY) FOR < RS. 5 CRORE
0.35% EXTRA FOR SR. CITIZEN OR 0.25% EXTRAFOR EXISTING CUSTOMER (2 MONTH GAP INFIRST & SECOND DEPOSIT) & 0.25% EXTRA IN RENEWAL UPTO RS.5 CR.
AADHAR HOUSING FINANCE LTD. (< RS. 5 CR.)
(FOR TRUST ONLY) (FOR WOMEN ONLY)
0.25% FOR SENIOR CITIZEN UPTO RS. 2 CR.
0.50% ADD. INTEREST TO SR. CITIZEN,EMPLOYEES,SHAREHOLDERS AND PERSON INVESTING RS. 5 LACS AND ABOVE - MAX. 0.50%
20000/- BUT
40000/-
IN MONTHLY
8.50 8.75 9.00 - 9.00 9.00 8.801
8.00 15M=8.05% 8.15 8.75 - 8.75 8.75 -2 BAJAJ FINANCE LTD.(UPTO RS. 5 CR.)
5000/-
413M=8.25% 14M=8.30% 18M=8.30% 40M=9.00%
25000/-
5000/-
5 8.25 - 8.50 9.00 - 9.00 9.00 9.00 5000/-
7.75 13M=7.75 7.75 8.00 - 8.00 8.00 8.258 GRUH FINANCE LTD. 1000/-
9 15M=8.03 22M=8.14 30M=8.08 44M=8.14
HDFC LTD- SPECIAL DEPOSIT FOR INDIVIDUAL(UPTO RS. 2 CR.)
0.25% FOR SENIOR CITIZEN UPTO RS. 2 CR.33M=8.19 - - 66M=8.19 - -
HDFC LTD- REGULAR DEPOSIT FOR INDIVIDUAL(UPTO RS.2 CR.)
0.25% FOR SENIOR CITIZEN UPTO RS. 1 CR.7.98 - 7.98 7.98 - 7.98 7.98 -
HDFC LTD- REGULAR FOR INDIVIDUAL & TRUST(>RS.2 CR TO RS. 10 CR)
0.25% FOR SENIOR CITIZEN UPTO RS. 1 CR.8.24 - 8.24 8.24 - 8.24 8.24 -
HDFC LTD- PREMIUM DEPOSIT FOR TRUST &INSTITUTION (UPTO RS. 2 CR.)
-13 15M=8.19 - - 30M=8.19 - -
HDFC LTD- SPECIAL DEPOSIT FOR TRUST(UPTO RS. 2 CR.)
0.25% FOR SENIOR CITIZEN UPTO RS. 2 CR.33M=8.24 - - 66M=8.24 - -14
HDFC LTD- REGULAR DEPOSIT FOR TRUST &INSTITUTION (UPTO RS.2 CR.)
0.25% FOR SENIOR CITIZEN UPTO RS. 1 CR.8.08 - 8.08 8.08 - 8.08 8.08 -15
7.50 - 7.50 7.50 - 7.25 7.25 -HUDCO LTD.(IND & HUF) 10000/-16 0.25% FOR SENIOR CITIZEN
7.25 - 7.25 7.25 - 7.00 7.00 -HUDCO LTD.(TRUST/CO/INSTITUTION) 10000/-17 -
8.00 - 8.25 8.35 - - - -J K LAKSHMI CEMENT LTD18
0.50% ADD. INTEREST TO SR. CITIZEN,EMPLOYEES, SHAREHOLDERS AND PERSONINVESTING RS. 5 LACS AND ABOVE - MAX. 0.50%
8.00 - 8.25 8.35 - - - -J K TYRE INDUSTRIES LTD.19
8.50 - 8.50 8.50 - 8.25 8.25 -KTDFC (KERALA TRANSPORT) 10000/-20 0.25% EXTRA FOR SR. CITIZEN
8.15 8.15 8.20 8.25 - - 8.30 -LIC HOUSING FINANCE LTD.(UPTO RS. 25 CR.) 10000/-210.25% FOR SENIOR CITIZEN IF APP ABOVE RS. 50,000/- & 0.10% IF APP UPTO RS. 50,000/-
M&M FINANCIAL SERVICES LTD(FOR BELOW RS. 1 CRORE) 8.10 8.10 8.50 8.80 - 8.80 8.80 -22 10000/-0.25% FOR SENIOR CITIZEN
10.50 - 11.00 11.50 - - - -OMAXE LTD23 -
8.30 - 8.30 8.40 - 8.40 8.45 8.30PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.)
10000/-
24 0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE
15M=8.30 22M=8.35 30M=8.30 44M=8.45 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.)25 0.25% FOR SENIOR CITIZEN
8.25 - 8.50 9.00 - 9.00 9.25 -SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 5000/-260.25% FOR SENIOR CITIZEN,0.25% EXTRA FOR RENEWALS
8.25 - 8.50 9.00 - 9.00 9.25 -SHRIRAM CITY UNION SCHEME 5000/-270.25% FOR SENIOR CITIZEN,0.25% EXTRA FOR RENEWALS
7.75 8.00 8.00 8.00 - 8.25 8.25 8.003 CENT BANK HOME FINANCE (ONLY RENEWAL)
CUM-5000/-NON CUM-
10000/-
12
0.25% FOR SENIOR CITIZEN
0.40% EXTRA FOR SR CITIZEN,WIDOW, EXISTINGDHFL HOME BORROWERS & DHFL MORTGAGE &SME LOAN CUSTOMERS, 0.15% EXTRA FORRENEWAL BUT APP SHOULD REACH IN COMPANYBEFORE DUE DATE.
DEWAN HOUSING FINANCE CORPORATION LTD
FOR RS. 5 CRORE & ABOVE
DEWAN HOUSING FINANCE CORPORATION LTD
(AASHRAY) FOR RS. 5 CRORE & ABOVE
(FOR TRUST ONLY) (FOR WOMEN ONLY)6
13M=8.50% 14M=8.50% 18M=8.50% 40M=9.00% 5000/-
7 8.50 - 8.60 9.00 - 9.00 9.00 9.00 5000/-
10
11
16
Note: Indicative corpus are including Growth & Dividend option . The above mentioned data is on the basis of 14/03/2019Beta, 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
Canara Robeco Equity Tax Saver Fund-G 63.77 02-Feb-2009 833.78 3.66 -1.10 9.29 15.67 20.10 1.59 0.94 0.03 70.00 15.08 11.98 2.95
Mirae Asset Tax Saver Fund-Reg-Growth 17.29 28-Dec-2015 1164.27 4.01 -0.22 7.04 22.23 18.60 1.70 1.01 0.05 75.35 14.44 8.58 1.62
Axis Long Term Equity Fund - Growth 43.22 29-Dec-2009 16973.30 0.90 -4.28 6.32 14.73 17.22 1.66 0.90 0.04 67.90 21.86 7.80 2.44
Kotak Taxsaver - Reg - Growth 43.01 23-Nov-2005 743.85 3.92 -0.26 6.04 15.58 11.58 1.60 0.94 -0.05 61.76 89.04 9.17 -59.97
ICICI Pru Long Term Equity F (Tax Saving) - R-G 369.36 19-Aug-1999 5383.52 3.31 -4.15 5.17 13.94 20.24 1.60 0.85 -0.06 71.56 15.57 7.91 4.97
HDFC Long Term Advantage Fund - Growth 356.02 02-Jan-2001 1436.83 5.52 -0.17 5.04 17.89 21.68 1.63 0.98 -0.01 69.43 7.76 15.63 7.18
Invesco India Tax Plan - Growth 50.21 29-Dec-2006 636.32 3.10 -4.16 4.93 15.52 14.12 1.57 0.96 -0.01 66.03 18.25 188.06 -172.34
TAX Fund
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
Axis Bluechip Fund - Growth 27.61 05-Jan-2010 3170.43 2.37 -1.46 11.15 15.89 11.68 1.38 0.78 0.10 82.09 N.A N.A 17.91
Axis Multicap Fund - Reg - Growth 11.06 20-Nov-2017 2851.90 1.94 -1.51 10.38 N.A 7.98 1.45 0.72 0.02 78.67 1.39 0.96 18.98
HDFC Top 100 Fund - Growth 484.09 11-Oct-1996 14728.90 6.03 0.46 9.30 17.75 19.93 1.77 1.05 -0.02 88.84 10.10 N.A 1.06
UTI Equity Fund - Growth 140.54 20-Apr-1992 8157.55 3.81 -4.72 8.72 14.27 12.29 1.54 0.86 0.02 64.03 25.07 8.77 2.12
Mirae Asset India Equity Fund - Reg - G 50.14 04-Apr-2008 9296.20 4.52 -0.22 8.47 18.55 15.87 1.61 1.00 0.02 84.06 9.03 2.75 4.16
Canara Robeco Equity Diversified F - G 131.80 16-Sep-2003 863.86 5.00 0.39 8.42 16.88 18.10 1.52 0.92 0.05 73.68 19.84 3.00 3.48
Kotak India EQ Contra Fund - Reg - G 51.57 27-Jul-2005 597.46 3.53 -2.30 8.02 17.11 12.78 1.51 0.91 0.05 72.90 8.14 0.99 17.96
EQUITY (Diversified)
Annualised
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. Sharpe
1W 2W 1M 6M 1Y 3YMaturity (Years) Maturity
(`) Date (`Cr.) Launch Dev.
Axis Banking & PSU Debt Fund - Growth 1737.56 08-Jun-2012 1674.00 39.62 30.47 14.77 13.44 8.88 8.11 8.51 8.48 0.05 3.00 8.01
Franklin India Dynamic Accrual Fund - G 66.36 05-Mar-1997 3669.13 22.97 20.34 10.62 11.76 8.80 9.58 8.97 8.19 0.13 2.50 11.19
Franklin India Credit Risk Fund - Growth 19.49 07-Dec-2011 7036.46 22.60 20.68 10.91 11.16 8.73 9.21 9.61 7.64 0.12 2.86 11.14
Axis Corporate Debt Fund - Reg - Growth 11.32 13-Jul-2017 262.39 26.35 23.24 11.50 10.12 8.51 N.A 7.70 4.85 0.03 2.80 8.60
Reliance Income Fund - G P - Growth 58.41 01-Jan-1998 280.09 27.69 29.31 11.08 12.49 8.44 7.46 8.68 22.04 -0.06 7.78 7.94
DSP Strategic Bond Fund - Reg - Growth 2159.79 12-Nov-2008 782.06 41.77 31.75 15.46 13.45 8.25 7.26 7.73 17.51 -0.10 N.A 8.04
Franklin India Income Oppt Fund-Growth 22.21 11-Dec-2009 3790.25 29.07 25.97 12.19 10.43 8.19 9.36 9.00 8.25 0.10 4.13 11.16
INCOME FUND
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe
1W 2W 1M 6M 1Y 3YMaturity (Years) Maturity
(`) Date (`Cr.) Launch Dev.
IDFC Banking & PSU Debt Fund - Reg - G 15.98 07-Mar-2013 1009.63 53.21 40.42 19.85 14.39 9.16 7.38 8.09 10.16 -0.04 3.79 8.28
Kotak Dynamic Bond Fund - Reg - Growth 24.08 27-May-2008 545.96 32.45 28.28 12.89 13.21 8.93 8.97 8.47 12.62 0.02 3.15 8.75
Sundaram Banking & PSU Debt Fund - G 26.24 30-Dec-2004 964.91 32.83 26.87 12.97 11.91 7.65 6.73 7.02 10.01 -0.06 2.09 8.15
Franklin India STIP - Growth 3978.60 31-Jan-2002 11617.20 24.61 21.74 11.10 11.70 9.09 9.59 8.40 7.87 0.16 2.53 11.23
IDFC Bond Fund - Short Term Plan-Reg-G 37.89 14-Dec-2000 4987.46 32.20 24.46 12.43 11.18 7.78 7.43 7.57 7.81 -0.07 1.94 8.14
IDFC Bond Fund - Medium Term Plan-R-G 31.01 08-Jul-2003 2084.34 30.04 26.97 12.90 10.63 7.39 7.30 7.48 8.77 -0.13 3.23 8.22
DSP Banking & PSU Debt Fund-Reg-Growth 15.68 14-Sep-2013 1433.41 30.61 23.39 12.21 10.60 7.52 7.75 8.52 8.75 -0.05 N.A 7.86
SHORT 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
Mirae Asset Hybrid - Equity Fund-Reg-G 14.52 29-Jul-2015 1361.67 4.25 1.42 8.14 15.21 10.82 1.24 0.00 59.10 9.45 5.17 26.28
Canara Robeco Equity Hybrid Fund - G 155.89 01-Feb-1993 1767.16 4.07 1.25 6.68 14.36 11.24 1.08 0.00 53.13 13.48 2.50 30.89
SBI Equity Hybrid Fund - Growth 131.74 09-Oct-1995 27528.30 3.48 1.67 6.62 12.74 15.64 1.11 0.01 49.32 9.98 7.95 32.75
Sundaram Equity Hybrid Fund - Reg - G 88.78 23-Jun-2000 1287.42 2.72 -1.31 6.27 14.08 12.27 1.07 0.00 52.24 17.75 1.78 28.23
HDFC Childrens Gift Fund 120.06 02-Mar-2001 2364.88 4.13 0.34 5.12 14.83 16.45 1.16 0.01 39.10 13.78 12.68 34.44
Aditya Birla Sun Life Balanced Advantage F-G 52.15 25-Apr-2000 2998.46 1.88 1.58 4.32 12.56 9.13 0.69 -0.06 54.56 11.99 5.82 27.64
Franklin India Equity Hybrid Fund - G 118.28 10-Dec-1999 1919.12 3.51 -0.78 4.26 10.48 13.68 1.08 -0.06 55.66 8.64 1.44 34.25
BALANCED
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*Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Glimpse of International Women’s Day Celebration held on Friday, 8th March, 2019
at different Offices of SMC.
Mr. D K Aggarwal (CMD, SMC Investments & Senior VP – PHD Chamber of Commerce) with
H.E. Shri Dinkar Srivastava (Former Ambassador of India to Iran) (on Left) and
Shri Alphons Kannanthanam (Hon’ble Union Minister of State for Tourism (IC), Govt. Of India)
(on Right) at New Delhi.
CUT DOWN
T