report market as on 15 july

Americas

INDEX VALUE CHANGE %

DOW JONES INDUS. AVG 12,479.7 42.6 0.34%

S&P 500 INDEX 1,316.1 7.2 0.56%

NASDAQ COMPOSITE INDEX 2,789.8 27.1 0.98%

S&P/TSX COMPOSITE INDEX 13,299.5 46.6 0.35%

MEXICO IPC INDEX 36,155.9 -8.7 -0.02%

BRAZIL BOVESPA INDEX 59,478.0 -201.3 -0.34%

Europe, Africa and Middle East


Euro Stoxx 50 Pr 2,675.3 -19.9 -0.7%

FTSE 100 INDEX 5,843.6 -3.2 -0.06%

CAC 40 INDEX 3,726.5 -24.6 -0.6%

DAX INDEX 7,220.1 5.3 0.07%

IBEX 35 INDEX 9,484.2 -114.4 -1.1%

FTSE MIB INDEX 18,450.4 -189.9 -1.0%

AEX-Index 329.4 -0.9 -0.2%

OMX STOCKHOLM 30 INDEX 1,079.6 -11.9 -1.1%

SWISS MARKET INDEX 5,938.0 -42.9 -0.7%

Asia-Pacific


NIKKEI 225 9,974.47 38.3 0.39%

HANG SENG INDEX 21,875.40 -64.8 -0.30%

S&P/ASX 200 INDEX 4,473.50 -17.2 -0.38%

Update - Global & Indian Markets.

Market & Macro View.

Research Analyst: Rajat Dhar

Market Commentary - Global

Globally, majority of the markets ended in the red, although the only saving grace were American indices which

closed in the positive note. Top gainer was Nasdaq Composite Index which rose by 0.98% to close at 2,789.80. Dow

Jones, S&P 500 index also closed at upside of 0.34% & 0.56% to close at 12,479.70 & 1,316.14. Bovespa & Mexico IPC

closed 0.34% and 0.02% in the red. In Europe, Africa & Middle East markets, all major exchanges ended in red, with

only DAX closing slightly in green at 0.07% above the previous day’s close. In Asia-Pacific, only Nikkei 225 closed at

0.25% up, over the previous close figure. Hang Seng closed at 0.03% in the red. It was the increase in the global

crude prices that caused markets to slump, as Nymex crude future rose by 1.62%. This led gold 100oz future to

increase by 0.05% to close at 1,590.90. During the same time, in Indian markets, Sensex corrected by 0.03%, while

rose by 0.08%

Commodities VALUE CHANGE %

Nymex Crude Future 97.2 1.5 1.6 Nymex Henry Hub Future 4.5 0.1 3.8 Gold 100oz Future (USD/t oz.) 1,590.1 0.8 0.05 UBS Bloomberg CMCI 1,730.2 6.8 0.4 Currencies

CURRENCY VALUE CHANGE %

EUR-USD 1.415 0.0015 0.10% USD-JPY 79.129 -0.011 -0.01% GBP-USD 1.613 -0.0004 -0.02% USD-CAD 0.953 -0.0074 -0.77%

Category/Index Current Val Change(Pts) Change(%)

Broad SENSEX 18,561.9 -56.2 -0.3

MIDCAP 7,006.7 -7.8 -0.11 SMLCAP 8,363.2 6.8 0.08 BSE-100 9,740.6 -26.7 -0.27 BSE-200 2,307.3 -5.8 -0.25 BSE-500 7,261.5 -15.9 -0.22

Thematic SHARIAH 50 1,161.2 -1.7 -0.15

Investment Strategy

BSE IPO 1,772.6 1.6 0.09 DOLLEX-30 3,420.7 -11.3 -0.33 DOLLEX-100 2,261.8 -6.8 -0.3 DOLLEX-200 862.2 -2.4 -0.28

Sectoral IT 5,856.6 21.4 0.37

POWER 2,597.2 1.0 0.04 TECk 3,570.9 0.7 0.02 CG 13,739.6 1.3 0.01 OIL&GAS 9,121.12 -9.3 -0.1 HC 6,518.25 -14.2 -0.22 CD 6,886.48 -15.8 -0.23 BANKEX 12,846.94 -32.4 -0.25 FMCG 4,039.31 -17.1 -0.42 PSU 8,541.96 -45.4 -0.53 REALTY 2,186.65 -11.8 -0.54 AUTO 8,993.51 -53.5 -0.59 METAL 14,610.04 -125.2 -0.85

Volatility Index REALVOL-1MTH 4.81 -13.4 -73.5

REALVOL-2MTH 4.81 -10.8 -69.2 REALVOL-3MTH 15.5 -0.1 -1.0

Source: Bloomberg / Yahoo Finance

Global Market Statistics

Government Bonds

COUPON MATURITY PRICE/YIELD %

US 10-Year 3.125 05/15/2021 101-27+ / 2.91 0-13 / -0.048

Australia 10-Year 5.75 05/15/2021 106.47 / 4.91 0.074 / -0.009

Brazil 10-Year 10 01-01-2021 872.87 / 12.53 -38.17391304

Germany 10-Year 3.25 07-04-2021 104.79 / 2.70 0.375 / -0.042

Japan 10-Year 1.2 06/20/2021 101.01 / 1.09 -9.142857143

UK 10-Year 3.75 09-07-2020 105.33 / 3.08 0.235 / -0.029

Source: Bloomberg

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-1.6

0.2

-0.1 -1.1 -1.0 -0.8 -0.8

3.9

-5.3

2.33.8 3.7 3.6

2.83.4

-5.3

-11.4

1.60.9 0.5

5.0

SENSEX MIDCAP SMALL CAP BSE 100 BSE 200 BSE 500 SHARIAH 50

Wk (%) Month (%) Year (%)

0.37

0.04

0.02

0.01

-0.1

-0.22

-0.23

-0.25

-0.42

-0.53

-0.54

-0.59

-0.85

-1 -0.5 0 0.5

IT POWER

TECH CG

OIL&GAS HC

CD BANKEX

FMCG PSU

REALTY AUTO

METAL

Underlying Asset

Expiry of contract

Strike price (Rs.) Quantity LTP/Close (Rs.)

Net Change (Rs.)

Turnover (Rs.Lac.)

Spot Price (Rs.)

OI Value (Rs.Lac.)

SENSEX 11-Aug-11 - 1020 18628 -188 189 18561.92 86.56

Prior period cross comparison of Indices

BSE Sectoral Performance

Top 3 BSE Sectoral Gainers

Index Current Value Change (%)

IT 5856.64 0.37

POWER 2597.2 0.04

TECk 3570.9 0.02

Top 3 BSE Sectoral Losers


METAL 14,610.04 -0.8

AUTO 8,993.51 -0.6

REALTY 2,186.65 -0.5

As the week ended on 15Th July, it was

only BSE Oil & Gas, BSE Health Care

which closed at a positive of 1.12% &

1.26% above the last week’s close.

However, for the same duration Sensex

fell by 1.57%. Over a 1-Yr period only

Consumer Durables and FMCG have

posted returns above 20%, while as

Power / Oil & Gas have fell by more than

10%. (Graph : Above)

IT , Power & Tech stocks tried to keep

market up. However, Metals, Auto

realty, PSU, FMCG, Bankex, etc ended in

the negative note. (Graph : RHS)

Derivatives Market Watch

FOREX

End Date INR/EUR INR/USD INR/GBP

15-07-2011 1.3% 0.8% 0.3%

14-07-2011 2.1% 0.7% 1.2%

13-07-2011 2.5% 0.5% 1.6%

12-07-2011 1.7% 0.8% 1.3%

Top 3 BSE Sectoral Gainers


IT 5,856.64 0.3

POWER 2,597.2 0.1

TECk 3,570.9 0.02

Derivatives Market Watch

On the Forex front, INR saw grew stronger against USD by 0.81%, GBP by 0.29% & EUR by 1.29% at the back

drop of American debt problems and the economic instability in Europe, on the last day of week.

Derivative market, with sensex as underlying asset (having contract expiry at 11-Aug-11), saw a turnover of INR

189 lac/-.

Source: www.bseindia.com




Source: www.oanda.com


*% change over previous days close


http://www.bseindia.com/




http://www.oanda.com/


Mutual Fund Inter-Scheme Transfer

14 Jul 11 | 13:02

Security** Issuer Name Coupon (%) Maturity Date LTP Weighted Average

Turnover

Code

Price Yield (Rs. lakh)

Total 20,000.00

685LICH11 LIC HOUSING FINANCE LTD 6.85 28-09-2011 99.5 99.5 8.82 18,000.00

1135IDBI13 INDUSTRIAL DEVELOPMENT BANK OF INDIA 11.35 15-12-2013 102.2 102.2 10.19 2,000.00

2.0

0.8

0.7

-2.6

-2.0

-1.9

-3 -2 -1 0 1 2 3

TCS

Mahindra & Mahindra

Wipro

Tata Motors

Sterlite Inds

ONGC

15 Jul 11 | 17:27

Issuer Name Coupon

(%) Maturity

Date LTP

Wt.Avg Price

Yield Turnover (Rs lacs)

LIC HOUSING FINANCE LTD 9.85 07-07-2013 100.2 100.2 9.7 7,500

TATA MOTORS LIMITED 9.75 24-05-2020 97.0 97.0 10.2 2,000

STATE BANK OF INDIA 9.95 16-03-2026 103.9 103.9 9.4 2,000

POWER FINANCE CORPORATION LIMITED 9.61 29-06-2021 101.6 101.3 9.3 1,540

TATA POWER LIMITED 11.4 02-06-2099 100.9 100.8 10.8 720

WEST BENGAL STATE ELECTRICITY DISTCO LTD 9.34 25-06-2025 94.9 94.9 10.0 310

INDIAN INFRASTRUCTURE FINANCE COMPANY LTD 6.85 22-01-2014 98.6 98.6 7.4 300

HOUSING DEVELOPMENT FINANCE CORPORATION LTD 9.4 13-04-2021 99.2 99.2 9.5 30

INDIAN RAILWAY FINANCE CORP. 9.57 31-05-2021 103.0 102.9 9.1 30

TATA STEEL LIMITED 11.5 11-05-2099 106.2 104.6 10.9 20

PUNJAB NATIONAL BANK 9.45 29-12-2099 99.5 99.5 9.4 10

SHRIRAM TRANSPORT FINANCE COMPANY LIMITED 10.35 22-11-2019 101.7 101.7 10.0 3

Total 14,463.00

Sensex – Top Gainers & Losers

TCS, M&M and Wipro closed the day on

15th-Jul in green with TCS gaining 2.03%.

While as, Tata Motors, Sterlite & ONGC

closed in red, with Tata Motors going down

by 2.61% over the previous day’s close.

ICDM – Indian Corporate Debt Market

ICDM saw the trade of INR 14,463.00 lacs as per the last data available. Largest turnover of INR 7500 lacs was seen

in LIC Housing Finance Ltd, which currently has a yield of 9.7% with 9.85% coupon rate maturing on 07 July’13.

Among the top 3 most traded, the other two are Tata Motors Ltd & SBI.

Source: www.nse-india.com


**Note :

Rate is per Rs. 100/- of face value.

MF Inter-scheme Transfer Turnover is part of Total ICDM Turnover.

http://www.nse-india.com/

Interest Rates Rate Basis points

Bank Rate percent per annum Jul/1/2011 6 0

Prime Lending Rates percent per annum Jul/1/2011 9.25-10.00 Treasury Bill Rates percent per annum Jul/6/2011 8.19 282

17.2

25.6

13.9

16.1

7.8 7.56.1

8.7

0

5

10

15

20

25

30 Gross Domestic Product at current prices

Agriculture

Industries

Services

Gross Domestic Product at constant 2004-05 prices

Agriculture

Industries

3.61.2

3.2

10.3

0

5

10

15General

Mining

Manufacturing

Electricity -0.6

1.9

4.2

-2

0

2

4

6Capital Goods

Intermediate Goods

Consumer Goods

8.72

9.639.44 9.44

8

8.5

9

9.5

10 CPI -Industrial Workers (CPI [IW])

CPI-Rural Labourers (CPI [RL])

CPI-Urban Non-Manual Employees (CPI [UNME])

Wholesale Price Index (WPI)

Macro-Economic Updates - India

REAL SECTOR GDP*

* % Change figures in GDP is for the duration

Jan/11-Mar/11, over the previous corresponding

period.

IIP*

* % Change figures in IIP is for the duration

May-11, over the previous corresponding

period.

Use Base

classification

CPI*

* % Change figures in CPI is for the duration

May-11, over the previous corresponding

period; except for CPI(UNMEI) for which it is

Dec-10.

Source: Ministry of Finance. Department of Economic Affairs




Research Analyst : Rajat Dhar

E-mail ID : [email protected]

Mobile : + (91) – 9999.760.359

This document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable, but we do not represent that it is accurate or complete and it should not be relied on as such. Research Analyst shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. This document is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The views expressed may not be suitable for all investors. This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Research Analyst to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe, any such restrictions. The information given in this document is as of the date as mentioned in the report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Research Analyst reserves the right to make modifications and alterations to this statement as may be required from time to time. However, the Research Analyst is under no obligation to update or keep the information current. Nevertheless, the Research Analyst is committed to providing independent and transparent recommendation to its client and would be happy to provide any information in response to specific client queries. The Research Analyst shall not be liable for any damages whether direct, indirect, special or consequential including lost revenue or lost profits that may arise from or in connection with the use of the information. Past performance is not necessarily a guide to future performance. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the market, subject company or companies and its or their securities. Copyright (c) 2011 Rajat Dhar

Disclaimer

Contact Details

Rajat Dhar

B1/15, Agresen Appartments,

Plot 10, Sector 7, Dwarka, New Delhi, India. – 1100 75

www.finexpertise.blogspot.com

+ (91) – 11 – 250.71.724

mailto:[email protected]

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report market as on 15 july

Economy & Finance