Daily Market Roundup

November 8, 2014

Indices

India Nov 7 1D% Change 1M% Change 3M% Change

S&P BSE Sensex 27869 -0.17 6.08 8.91

CNX Nifty 8337 -0.02 6.17 8.99

Global Nov 7 1D% Change 1M% Change 3M% Change

DJIA* 17554 0.40 3.31 6.76

Nasdaq* 4638 0.38 4.12 6.51

Hang Seng 23550 -0.42 0.55 -3.43

*Data with respect to Nov 6.

Debt Market Indicators

Call Rate 8.15%

10 Yr Gilt 8.21%

3-mth CP rate 8.57%

5 yr Corp Bond 8.61%

G-sec Volume (Rs Cr) 39055

Currencies Vs INR

Nov 7 Nov 5

USD 61.63 61.41

GBP 97.39 98.00

Euro 76.16 76.99

100 Yen 53.31 53.76

Commodity Prices Nov 7 1W% Change 1M% Change 1Y% Change

NYMEX Crude Oil ($/bbl)* 77.91 -3.96 -13.76 -17.82

Gold (Rs /10 gm)# 25500 -1.64 -4.35 -17.07

# NCDEX spot prices *Data with respect to Nov 6.

New Fund Offers

Scheme Open Date Close Date

Debt Funds

HDFC FMP 1107D Oct-14 Sr-32(1) DP-G 31-Oct-14 10-Nov-14

ICICI Pru FMP Sr-75-1100D-Q-Reg (G) 30-Oct-14 10-Nov-14

Equity Funds

NA NA NA

NA NA NA

Mutual Funds Dividends Declared

Scheme Record Date Dividend (%)

HDFC FMP 371D November 2013 (1) Regular-DQ 11-Nov-14 EDS*

LIC Nomura MF Interval Fund Quarterly Series 1 Direct-DM 11-Nov-14 EDS*

*EDS - Entire Distributable Surplus

Nifty

Top Out performers % Change Top Under performers % Change

DLF 6.11 BHEL -3.47

Zee Entertain 4.79 GAIL -2.56

Dr Reddys Labs 4.46 Hero Motocorp -2.55

Rs. Cr FII Inv (Equity ) Nov 5 MF Inv (Equity) Nov 5

Buy 7145 833

Sell 6099 1259

Net 1046 -426

FII Derivative Trade Statistics – Nov 5

(Rs cr) Buy Sell Open Interest

Index Futures 2322.16 1600.43 18143.82

Index Options 14246.74 13274.75 58894.78

Stock Futures 2461.16 3297.19 47788.44

Stock Options 1976.52 1909.17 1578.32

Indian Equity

Domestic equity indices fell slightly lower on Friday weighed by losses in capital goods, metal and auto

stocks.

Movements remained stock specific amid ongoing earnings season.

Sectors such as pharma closed on firm note led by upbeat news flows.

Gains in real estate pack were primarily due to rally in sector major – DLF (the topmost gainer), soaring

6.1%, after the Securities and Appellate Tribunal allowed the company to redeem its mutual fund

investments to meet fund needs till the case against SEBI's order is settled.

Cadila Healthcare rose around 6% on posting better-than-expected earnings results.

Mid-cap witnessed selling pressure compared to those of large-caps; with UCO Bank, Syndicate Bank, City

Union Bank and Vijaya Bank fell 0.7-5.0%.

Indian Debt

The interbank call money rate ended above the RBI’s repo rate at 8.00-8.15% on Friday as against 7.95-

8.00% on Wednesday as banks preferred to park funds with the RBI at the reverse repo auction.

The central bank conducted a three day variable rate reverse repo auction for a notified amount of Rs

25,000 cr. In addition, the banking regulator also infused funds to the tune of Rs 15,500 cr through a 14 day

term repo auction.

After market hours, the RBI announced it will auction cash management bills of 42 day tenor worth Rs

10,000 cr on November 10.

Banks borrowed Rs 1,087 cr at the LAF repo auction on Friday compared with net lending of Rs 5,413 cr on

Wednesday from both LAF tenders.

Government bond prices ended lower on profit booking.

Trimming of positions ahead of the weekend and caution ahead of US non-farm payroll data (to be released

after domestic market hours) also weighed on prices.

However, strong appetite for gilts at the RBI’s weekly bond sale kept prices from slipping further.

The 10-year benchmark 8.40% 2024 bond ended at 8.21% yield on Friday as against 8.19% yield on

Wednesday.

Global Indices

Straits Times index ended lower on Friday due to caution ahead of US jobs data.

Nikkei index ended higher on Friday due to weaker yen and pledge from the European Central Bank (ECB)

President Mario Draghi to take further steps to revive the euro zone economy.

Hang Seng index closed lower on Friday on profit taking amid concerns over the status of a cross border

stock trading scheme.

Capital Market

SEBI data shows Indian companies have mopped up over Rs 5,000 cr via retail issuance of non-convertible

debentures (NCDs) in the first seven months of the current fiscal, primarily to meet their working capital

requirements.

Axis Bank signs a pact with NongHyup Bank (NH Bank) to enhance cooperation in treasury, trade, and

other business between India and South Korea.

Asset finance company Magma Fincorp to exit gold loan business.

Hyderabad-based training and placement firm TMI e2E Academy plans to raise $6-8 mn in the next six

months to fund its expansion plans.

Regulatory

RBI to auction 42-day cash management bills worth Rs 10,000 cr on Monday, November 10.

Telecom Commission asks TRAI to review its recommendations related to the next round of spectrum

auction.

Economy

India's foreign exchange reserves rose to $315.91 bn as of Oct. 31 compared with $314.18 bn a week

earlier.

Reserve Bank of India Deputy Governor H R Khan says India's inflation has a "long way" to go before it

eases because of high input costs, while the reasons for elevated food price inflation remain "structural".

International

US non-farm payrolls rose to a seasonally adjusted 214,000 in October from an upwardly revised 256,000 in

the previous month.

Mutual funds

SEBI is working on a proposal to compensate fund houses on the basis of the performance of schemes over

a period of time.

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