wisemoney_288
TRANSCRIPT
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2011: Issue 288, Week: 17th - 20th OctoberA Weekly Update from S
(For private circulation o
WISE M NEY
A Weekly Update from S
(For private circulation o
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(Saurabh Jain)
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
FD Monitor 16
Mutual Fund 17-18
EDITORIAL STAFF
Editor Saurabh Jain
Executive Editor Jagannadham Thunuguntla
+Editorial Team
Nikhil Mehta Dr. R.P. Singh
Nitin Murarka Kunal Sharma
Vandana Bharti Tejas Seth
Sandeep Joon Dinesh Joshi
Vineet Sood Shitij Gandhi
Dhirender Singh Bisht Subhranil Dey
Parminder Chauhan Asmita Satyendra
Ajay Lakra Mudit Goyal
Rahul Kumar Reena Srivastava
Sumit Kukreja Neha Minocha kapoor
Content Editor Kamla Devi
Graphic Designer Pramod Chhimwal
Research Executive Simmi Chibber
REGISTERED OFFICES:
11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005.Tel: 91-11-30111000, Fax: 91-11-25754365
MUMBAI OFFICE:
Dheeraj Sagar, 1st Floor, Opp. Goregaon sports Club, Link Road
Malad (West), Mumbai 400064Tel: 91-22-67341600, Fax: 91-22-28805606
KOLKATA OFFICE:
18,Rabindra Sarani, Poddar Court, Gate No-4, 4th & 5th Floor,
Kolkata-700001Tel : 91-33-39847000/39801300, Fax No : 91-33-39847004
AHMEDABAD OFFICE :3rd Floor, Sun City House, Besides Pantaloon, Opp Kotak Bank,
MithaKhali Six Road, Ahmedabad - 380009.Tel: +91 79 26424222 to 233, 40095400 to 404
10/A, 4th Floor, Kalapurnam Building, Near Municipal Market,
C G Road, Ahmedabad-380009, Gujarat
Tel : 91-79-26424801 - 05, 40049801 - 03
CHENNAI OFFICE:
2nd Floor, Mookambika Complex, 4, Lady Desikachari Road,
Mylapore, Chennai-600004
Tel: 91- 44 - 39109100 Fax: 91- 44 - 39109111
SECUNDERABAD OFFICE:206, 3rd Floor, above CMR Exclusive, Bhuvana Towers, S.D.Road,
Secunderabad - 500003
Tel: 91-40-30780298/99, 39109536
COCHIN OFFICE:
212, D.D. Vyapar Bhawan, K P Valom Road, Kadavanthra, Erunakulam(Cochin), Kerala - 682020
Tel: 91-484-2312281-83, 3928894-95, Fax: 91-484-2312281
DUBAI OFFICE:
312, Belshalat Building, Al Karama, Dubai, P.O. Box 117210, U.A.E.Tel: 97143963120, Mobile : 971502612483
Fax : 9714 3963122Email ID : [email protected]
Printed and Published on behalf of
Mr. Saurabh Ja in @ Publication Address
11/6B, Shanti Chamber, Pusa Road, New Delhi-110005
Website: www.smcindiaonline.com
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From The Desk Of Editor
Markets across the globe rallied in the week gone by after German Chancellor Ang
Merkel and French President Nicolas Sarkozy gave assurance that they would addr
the Greece issue and recapitalize banks by November 3 meeting of Group of
leaders. Meanwhile Standard & Poor's downgraded credit- rating of Spain to AA- fr
AA with a negative outlook and also for some European banks. China is expected
show 9.3% economic expansion in the third quarter of the calendar year. Monet
tightening and slower export demand is hurting the economy and high inflation is
letting policy makers to ease policies. For the fourth consecutive month consum
prices remain above the 6% in September from a year earlier.
Back at home, Industrial production growth for the month of August came at 4.
showing signs of moderation. As a matter of fact, Industrial production accounts
close to 20% in GDP and in the two months of this quarter it has recorded mere grow
of 4%. If one sees the IIP number from the use-based side, the tepid growth in
intermediate goods suggests that the weakness in the overall industrial growth wo
continue. RBI governor indicated that the central bank stance would remain as it i
inflation remains persistently high. As a matter of fact high inflation itself redu
demand in general especially for durable goods as people left with little money af
spending on necessities. Fine example of this can be seen from the fact that tvolume growth of car makers have fallen drastically. Banks too are finding few
borrowers because of the steep increase in interest rates in the last one and a h
year. The incremental credit-deposit ratio of scheduled commercial banks in
second quarter upto 23rd September has fallen to 16.4% from 52% in the first quart
The reason of lower credit growth may also be attributed to the fact that lar
corporates are taking dollar denominated debt as it is cheaper because of low
interest rates in the developed economies. Repo rate hike by 25 bps by RBI cannot
ruled out in the coming meeting scheduled on 25th October. One may hope that
industrial activity would gather steam going in the second half of the fiscal. Volati
is expected to remain in the markets as result season has just started.
On the commodity front, commodities rebounded (which was much needed) in
past few trading sessions as European leaders provided a roadmap of plans
recapitalize banks amid fall in dollar index. Moving forward, traders focus is still
the development of Euro zone and economic activities of US, China and other ma
economies. Demand outlook for base metals and energy counter is still shaky, wh
may halt the rally. Buyers should book their profit at higher levels whereas bullion w
remain the hot favorite for the investors as safe haven buying; if rupee doesn't m
up the party. GDP data of China will be the major attraction for the traders this we
apart from US and Germany PPI, German Zew survey and CPI data of US and Cana
Expiry of October contract of agro commodities this week on NCDEX may result
some volume shift in the next month. It may increase the volatility in a
commodities.
The News letter is scheduled to be released on every Friday. The data is based on Thursday closing prices.
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NOTES:
1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the nof "Morning Mantra ".
2) S1 & S2 indicate first support & second support respectively & R1 & R2 indicate first resistance and seresistance respectively.
3) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strecoming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basistaking a long-term view and not a short-term view.
TREND SHEET
STOCKS CLOSING TREND DATE RATE S1 R1 S2 R2 CL
PRICE TREND TREND S/
CHANGED CHANGED
SENSEX 16884 DOWN 06.05.11 18519 16850 17500 179
S&P NIFTY 5078 DOWN 06.05.11 5551 5100 5300 54
CNX IT 5979 DOWN 06.05.11 6627 5650 5900 60
CNX BANK 9591 DOWN 20.05.11 10664 9700 10200 105
ACC 1123 UP 28.07.11 1022 1070 1040 10
BHARTIAIRTEL 370 DOWN 18.08.11 391 380 390 4
BHEL 334 DOWN 21.04.11 412 335 345 3
CIPLA 288 DOWN 28.07.11 308 290 298 3
DLF 239 UP 29.09.11 224 220 215 2
HINDALCO 129 DOWN 13.05.11 198 130 142 1
ICICI BANK 880 DOWN 10.06.11 1036 910 940 9
INFOSYS 2697 UP 13.10.11 2697 2550 2480 240
ITC 202 UP 04.03.11 172 199 193 1L&T 1419 DOWN 04.08.11 1649 1500 1550 15
MARUTI 1058 DOWN 18.08.11 1159 1130 1170 12
NTPC 174 DOWN 18.08.11 174 172 177 1
ONGC 265 DOWN 20.05.11 274 275 280 2
RELIANCE 847 UP 13.10.11 847 820 800 78
SAIL 108 DOWN 29.10.10 194 107 115 1
NEWS
FORTHCOMING EVENTS
DOMESTIC NEWSEconomyIndia's industrial output in August rose 4.1% compared to 4.5% in the same
year-ago period. The CSO revised upwards the July data to 3.8% from theprevious reading of 3.3% and the May number to 6.2% from 5.9%. Industrialoutput in the April-August period rose 5.6% compared to 8.7% growth in thesame year ago period.India's food price index rose to 9.32 percent and the fuel price index climbed
15.10 percent in the year to Oct. 1. In the previous week, annual food andfuel inflation stood at 9.41 percent and 14.69 percent, respectively.India's exports during September registered a growth of 36 percent at $24.6
billion, while imports rose by 17 percent to $34.6 billion, leading to a tradedeficit of $10.0 billion.
MetalJSW Steel signed a joint venture agreement with Japanese Marubeni-Itochu
Steel Inc (MISI) to set up a steel processing centre at an investment of Rs 122-crore in northern part of the country.Steel Authority of India Ltd (SAIL) is likely to sign a joint venture agreement
with South Korean steel major Posco for setting up a factory in Bokaro. SAILand Posco are looking to set up a 3-million tonne steel plant in Bokaro with aninvestment of 16,000 crore ($3.2 billion).
Power
Tata Power had installed more than 300 MW wind power capacity, spreadacross four states, including Gujarat and Karnataka. A leading private powerutility, Tata Power expects to commission 64.5 MW wind energy capacity inTamil Nadu and Maharashtra by the third quarter of FY11.
Capital GoodsBHEL has bagged a contract valued at`4,071 crore for setting up a 1,200 MW
thermal power plant of Singareni Collieries Company Limited (SCCL) inAndhra Pradesh.Suzlon Energy has completed the sale of its entire shareholding in Hansen
Transmissions to ZF Friedrichshafen AG for 890 crore. Suzlon held a 26.06%stake in Hansen Transmission through its Netherlands-based subsidiary, AE-Rotor Holding BV.
PharmaceuticalsLupin has announced the launch of a generic version of Femcon Fe, birth
control chewable tablets, in the US market. The company's US-basedsubsidiary Lupin Pharmaceuticals Inc has launched the generic version ofWarner Chilcott's Femcon Fe Chewable tablets in strengths of 0.4mg/35mcg.Aurobindo Pharma has received final approval from the US health regulator
to manufacture and market generic Gabapentin tablets, used in thetreatment of central nervous system (CNS) disorders, in the Americanmarket.
CeramicsSomany Ceramics has entered into a Memorandum of Understanding (MOU)
with Vintage Tiles (VTPL) and its promoters to acquire a 26% equity stake inVTPL. This strategic stake shall allow the company to market/sell the entirequantity of the polished vitrified tiles to be manufactured by VTPL.
HealthcareMax India had entered into a deal to sell 26% stake in a subsidiary, Max
Healthcare Institute, for`516.5 crore to a South African company.
INTERNATIONAL NEWSStandard and Poor's downgraded Spain's long-term credit rating by one
notch, citing heightened risks to Spain's growth prospects and a possible
further weakening of the financial profile of the Spanish banking system.The long-term rating on Spain was cut to AA- from AA with a 'negative'outlook. The short-term ratings were affirmed at A-1+.The IMF downgraded growth outlook for Asia in its latest Regional Economic
Outlook (REO) for Asia and the Pacific. The report cautions that risks for theAsia and Pacific region are decidedly tilted to the downside. The lenderassessed a slowdown in Asia's growth since the second quarter of 2011. Theagency expects 6.3 percent expansion in 2011 and 6.7 percent in 2012,slightly below April's last forecast.New U.S. unemployment claims ticked down slightly in the week ended
October 8th. On a seasonally adjusted basis, the Labor Department reportedthat 404,000 Americans filed new claims for unemployment insurance forthe week. The number of new claims is slightly lower than the revised figuresfor the previous week, which showed 405,000 new claims, up from the401,000 initially reported.
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MEETING DATE SYMBOL PURPOSE
17/10/2011 HDFC UN-AUDITED FINANCIAL RESULTS
17/10/2011 ZEEL UN-AUDITED FINANCIAL RESULTS
17/10/2011 TCS RESULTS/DIVIDEND
17/10/2011 SOUTHBANK UN-AUDITED FINANCIAL RESULTS
18/10/2011 HEROMOTOCO FINANCIAL RESULTS
18/10/2011 CHENNPETRO UN-AUDITED FINANCIAL RESULTS
18/10/2011 INDUSINDBK RESULTS/OTHERS
18/10/2011 JINDALSTEL RESULTS/OTHERS
18/10/2011 HCLTECH RESULTS/DIVIDEND
18/10/2011 PATNI AUDITED FINANCIAL RESULTS
18/10/2011 PETRONET UN-AUDITED FINANCIAL RESULTS
19/10/2011 RALLIS RESULTS/DIVIDEND
19/10/2011 TORNTPOWER UN-AUDITED FINANCIAL RESULTS19/10/2011 CROMPGREAV RESULTS/DIVIDEND
19/10/2011 MASTEK UN-AUDITED FINANCIAL RESULTS
19/10/2011 HDFCBANK FINANCIAL RESULTS
20/10/2011 IDBI UN-AUDITED FINANCIAL RESULTS
20/10/2011 CAIRN UN-AUDITED FINANCIAL RESULTS
21/10/2011 ASIANPAINT RESULTS/DIVIDEND
21/10/2011 LT UN-AUDITED FINANCIAL RESULTS
21/10/2011 JSWSTEEL UN-AUDITED F INANCIAL RESULTS
22/10/2011 AXISBANK UN-AUDITED FINANCIAL RESULTS
22/10/2011 GRASIM UN-AUDITED FINANCIAL RESULTS
24/10/2011 STER RESULTS/DIVIDEND
24/10/2011 ITC UN-AUDITED FINANCIAL RESULTS
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INDIAN INDICES (% Change)
BSE SENSEX GAINERS & LOSERSTOP (% Change)
GLOBAL INDICES (% Change)
NSE NIFTY GAINERSTOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
SMC Trend
FMCGHealthcare
FTSE 100CAC 40
AutoBank
Realty
Cap GoodsCons Durable
Oil & GasPower
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
INSTITUTIONAL ACTIVITY (Equity) (`Crore)
ITMetal
Down SidewaysUp
SMC Trend
Nifty BSE Midcap Nifty JuniorSensex BSE Smallcap S&P CNX 500
3.884.01
3.31
2.45
3.943.69
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
Nifty Sensex BSE Midcap BSE Smal lcap Nifty Junior S&P CNX 500
0.00
3.24
6.09
2.51
5.49
1.25
0.54
5.96
4.40
3.25 3.19
6
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
Auto Index Bankex Ca p Good sIndex
Cons DurableIndex
FMCG Index HealthcareIndex
I T I ndex Met al I ndex O il & GasIndex
Power Index Realt
0.00
5.68
3.38
4.17
2.53
3.55
5.93
4.01
1.89
2.95
1.00
2.00
3.00
4.00
5.00
6.00
7.00
NasdaqComp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng ShanghaiComp. FTSE 100 CAC 40
11.78
10.49
9.35
8.03 7.71
-4.94
-2.76-2.20
-1.63
-0
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
Sesa Goa Tata Motors DLF Tata Steel St Bk of
India
Maruti
Suzuki
Ranbaxy
Labs.
B P C L Coal India Hi
Unil
10.67
9.27
7.71 7.53 7.51
-5.09
-1.57-0.74
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
12.00
TataMotors
DLF St Bk of India
Tata Steel Infosys MarutiSuzuki
Coal India Hind.Unilever
FI I Activity MF Activity
491.20
281.20
183.10
649.10
184.10
193.80
344.50
179.
0.00
100.00
200.00
300.00
400.00
500.00
600.00
700.00
Friday Monday Tuesday Wednesday
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Above calls are recommended with a time horizon of 1 year.
Beat the street - Fundamental Analysis
COX & KINGS (INDIA) LIMITED
Business Profile outbound travel from Japan to remain subdued as theeconomy will take some time to recover. However, itCox & Kings (India) Ltd is one of the recognizedexpects the inbound travel in EU to remain strongholiday brands that caters to the overall travelgiven attractive hotel rates and air fares.needs of an Indian and International traveler. The
company's business can be broadly categorized as The company has got the Foreign Investment
Leisure Travel, Corporate Travel, Forex and Visa Promotion Board (FIPB) approval to raise its foreignProcessing. The company also provides value added equity by 10 per cent to 53.94 per cent, from 43.81services such as customizing travel plans for the NRI per cent. Currently, foreign promoters hold 19.87customers, travel arrangements for Trade Fairs, per cent and foreign institutional investors (FIIs)providing private air charter services, etc. Besides, 22.72 per cent. The company recently got the FIPBthey offer travel related foreign exchange & approval to raise 750 crore from foreign markets topayment solutions. fund company's growth plans.
The company has announced 51.10 percentincrease in net profit at 38.05 crore for theInvestment Rationalequarter ended Jun 2011. Its income grew by 27.6
The completion of acquisition of UK-basedpercent to 157.03 crore. The company'seducation and travel company, Holiday break hasoperating profit increased by 40.60 percent tofirmed the product offering of Cox & Kings India.78.11 crore.Holidaybreak is a diversified company, which
provides education and adventure travel,camping and hotels to students in school in theUK. For Cox & Kings India, this acquisition isstrategic and would bear fruits in the long term.The company would cash in on the huge pie ofcustomer in students of international schools
Going forward, the company expects the growthmomentum to continue in India and will comeback for the rest of the world market. For FY'12,capex of around `20 crore is planned atconsolidated level. The company is looking at over500 franchisees in 2 to 2.5 years.
Outbound from Indian operation continue to be verystrong and growth is not a concern. In fact, thedemand is so strong that the company is not able tomeet them in India. The management expects
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VALUE PARAMETERS
Current Mkt.Price (`) 212
Face Value ( ) 5
52 Week High/Low 301.85 / 179
M.Cap ( Cr.) 2903EPS ( ) 9
P/E Ratio (times) 23
P/B Ratio (times) 2
Dividend Yield (%) 0
Stock Exchange
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Stock Chart
Business ProfileTorrent Power Limited (TPL), power utility of theTorrent Group, is an integrated utility havinginterests in power generation, transmission anddistribution. It has a generation capacity of 1647.5MW and distributes power to more than 3 millioncustomers annually in Ahmedabad, Gandhinagar,Surat, Bhiwandi and Agra. The company has threesubsidiary companies namely, Torrent Power GridLimited, Torrent Energy Limited and Torrent PipavavGeneration Limited.
implemented by March, 2012. Initially the projectwill have a capacity of 1000 MW which could besubsequently increased to 2000 MW.Gujarat Electricity Regulatory Commission (GERC)
has allowed TPL to raise per unit cost by 22 paisa inAhmedabad and 12 paisa in Surat. Following thehike, Torrent Power will be able to generateadditional earnings to the tune of 165 crore.
TPL has been ranked 70th in the Business & Economymagazine's listing of 100 Most Profitable Companies inIndia, based on profit earned in 2010-2011. On aconsolidated basis, net profit of Torrent Power rose14.8% to 343.57 crore in the quarter ended JuneInvestment Rationale2011 as against 299.24 crore during the previous
TPL has set its eyes on Mumbai's south zone. Thequarter ended June 2010. Sales rose 5.2% to 1876.65company is heavily relying on its upcomingcrore in the quarter ended June 2011 as against1200MW gas-based power plant in Dahej to service`1783.36 crore during the previous quarter endedMumbai suburbs. The plant is expected to beJune 2010.commissioned in 2013-14.
The company is entering into the renewableenergy sector with wind and solar projects of 50MW each which would be operational byDecember 2011. The company has already tied upwith Enercon for setting up 50 MW wind powerproject and signed a power purchase agreementwith a solar power firm for 50 MW early this year.TPL's tie-ups are expected to attract investmentsto the tune of 1,000 crore for wind and solarpower projects in Gujarat.
TPL and Gujarat Power Corporation Ltd. (GPCL)have signed a Share Holders Agreement (SHA) fordeveloping a 1000+ MW coal based power projectat Amreli. This project will attract an investmentof about 4500 crore, which is likely to be
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TORRENT POWER LIMITED
Stock Chart
% OF SHARE HOLDING
`in
Particulars QE Jun11 QE Jun10 Var.(%) TTM
Total I ncome 2098.15 1839.62 14.10 7178
Net Sales 1876.65 1783.36 5.20 6618
Expenditure 1424.61 1227.26 16.10 4947
PBDIT 673.54 612.36 10.00 2231
PBDT 587.81 526.78 11.60 1884
PAT 343.57 299.24 14.80 1098
VALUE PARAMETERS
Current Mkt.Price (`) 228
Face Value ( ) 10
52 Week High/Low 331.00 / 200
M.Cap ( Cr.) 10788
EPS ( ) 23
P/E Ratio (times) 9
P/B Ratio (times) 2
Dividend Yield (%) 2
Stock Exchange
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`in
Particulars QE Jun11 QE Jun10 Var.(%) TTM
Total Income 163.00 128.28 27.10 577
Net Sales 157.03 123.07 27.60 531
Expenditure 84.89 72.71 16.80 289
PBDIT 78.11 55.57 40.60 287
PBDT 65.44 47.48 37.80 228
PAT 38.05 25.18 51.10 142
% OF SHARE HOLDING
N ov em be r De ce mb er 2 0 11 F eb ru ar y M ar ch A pr il M ay J un e J ul y A ug us t S ep te mb er Oc to be r
500
1000
x1000
500
1000
x1000
200
220
240
260
280
300
320
340
200
220
240
260
280
300
320
340
N ov em be r De ce mb er 2 0 11 F eb ru ar y M ar ch A pr il M ay J un e J ul y A ug us t S ep te mb er O ct ob er
500
1000
1500
2000
x1000
500
1000
1500
2000
x1000
180
200
220
240
260
280
300
180
200
220
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280
300
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POLARIS SOFTWARE LAB LIMITED
SOBHA DEVELOPERS LIMITED
ESCORTS LIMITED
EQUITY
Charts by Spider Software India Ltd
Above calls are recommended with a time horizon of 1-2 months
The stock closed at 77.90 on 13th October 2011. It made a 52-week low
62.85 on 19th August 2011 and 52-week high of 245.80 on 11th Novem
2010. The 200 days Exponential Moving Average (EMA) of the stock on the wee
chart is currently at 119.35.
After a major downtrend it tends to reverse form the bottom and made
monthly support near to 62 levels. From the chart one can see that there
lower level buying which may give a technical bounce in the near term helpin
to again recover most of its lost value in the future. So, one can Buy in a range
76-78 levels with closing below stop loss of 72 levels for the targets of 90
levels.
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The stock closed at 225.95 on 13th October 2011. It made a 52-week low
184.95 on 10th February 2011 and 52-week high of 388.40 on 14th Octo
2010. The 200 days Exponential Moving Average (EMA) of the stock on the wee
chart is currently at 369.84.
One can witness from the chart that the stock formed a sort of head and shoul
pattern due to which it gave a steep fall and went down sharply to test
support of 180 levels. In the last few weeks although the broader index is trad
sideways but it managed to reverse the trend and started its upward jour
with a fresh buying in this counter. So we anticipate that it may further rise reach suitable targets. So, one can Buy in a range of 226-228 levels with clos
below stop loss of 215 levels for the targets of 256-260 levels.
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The stock closed at`132.80 on 13th October 2011. It made a 52-week low
115.70 on 06th September 2011 and 52-week high of 213.90 on 13th A
2011. The 200 days Exponential Moving Average (EMA) of the stock on the weechart is currently at 148.62.
IT sector has shown momentum in recent trading sessions and the abo
mentioned scrip was in consolidation range from 120-135 levels in last th
months with rising volumes. Last week there was an increase in prices w
volume which helped it to breach its range, indicating its strength on the wh
in it. So, one can Buy in a range of 131-134 levels with closing below stop loss
124 levels for the targets of 154-164 levels.
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DERIVATIVES
BASIS GAP IN NIFTY
POLARIS (OCT FUTURE)
Buy: Around 143
Target: 150
Stop loss: 141
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BALRAMCHIN (OCT FUTURE)
Buy: Above`50
Target: `54
Stop loss: `48
VOLATILITY BASED STRATEGY
DERIVATIVE STRATEGIES
BAJAJ-AUTO
Buy Oct. 1650. CALL 27.10
Sell Oct. 1700. CALL 9.00
Lot size: 250
BEP: 1668.10
Max. Profit: 7975.00 (31.90*250)
Max. Loss: 4525.00 (18.10*250)
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HCLTECHBuy Oct. 440. CALL 14.00Buy Oct. 440. PUT 13.40
Lot size: 500Upside BEP: 467.40Downside BEP: 412.60Max. Profit: UnlimitedMax. Loss: 13700.00 (27.40*500)`
OPTIONSTRATEGY
FUTURESTRATEGY
CAIRNBuy Oct. 280. CALL 9.50Buy Oct. 280. PUT 3.80
Lot size: 1000Upside BEP: 293.30Downside BEP: 266.70Max. Profit: UnlimitedMax. Loss: 13300.00 (13.30*1000)`
APOLLOTYRE (OCT FUTURE)
Sell: Below 56
Target: 52
Stop loss: 58
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BULLISH STRATEGY
Indian markets traded with a positive bias last week, witnessing one of the strongest weekly gains of the Oct series. Hereafter the market is expected to remin the range of 4800- 5200 levels in the short term. If the Index sustains below the 4800 mark on a closing basis, it could test the 4700 levels. Conversely, sustenance of 5000 levels is extremely important for the Nifty to showcase any recovery towards 5300 levels. Technically, the Index climbed above the 20-EMA indicating short-term bullishness. The overall market cost-of-carry ended positive. The put-call ratio closed at 1.65 indicating more put writing. Thighest concentration of open interest for the October series has shifted to the 4800-strike put from the 4700-strike put, with open interest of 88 lakh andlakh shares, respectively. Among call options, the highest open interest of above 65 lakh shares is at the 5200 strike, indicating resistance. The ImplVolatility (IV) of call options closed at 24.58% for the week, whereas puts closed at 26.91%. PCR open interest had surged in the beginning of the week a
declined towards the weekend. PCR OI is indicating short term instability. Nifty VIX had picked up in the beginning of the week. However, it dropped towathe weekend. In our view given the heightened uncertainty in the markets, the Index is expected to remain range-bound. Moreover, any breach of the lowrange is expected to reinforce bearish sentiment in the markets.
WEEKLY VIEW OF THE MARKET
NIFTY TOTAL OPEN INTEREST (in share)
FII'S ACTIVITY IN F&O IN LAST TEN SESSIONS
(Derivative segment)`(Cr)
FII'S ACTIVITY IN F&O IN LAST WEEK
(Derivative segment)
232900 127450399400
16509501806400
3271150
4975300
6405350
5473700
3584200
4758900
3518400
79750008272650
5998300
5584050
2794950
977900
285100 169900
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
8000000
9000000
4500 4600 4700 4800 4900 5000 5100 5200 5300 5400
Cal l Put
14.70
-8.95
8.256.85
-29.35
10.55
13.70
8.10
13.45
-3
-35.00
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
2 9- Se p 3 0- se p 0 3- Oct 0 4- Oc t 0 5- Oc t 0 7- Oct 1 0- Oc t 1 1- Oc t 1 2- Oc t 1 3-
1273.44 1327.83
971.95
-525.37 -463.23
2437.10
469.55
1317.801443.21
327.80
-1000.00
-500.00
0.00
500.00
1000.00
1500.00
2000.00
2500.00
3000.00
29-Sep 30-sep 03-Oct 04-Oct 05-Oct 07-Oct 10-Oct 11-Oct 12-Oct 13-Oct
B
51
SELL
48.1%
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IMPORTANT INDICATORS OF NIFTY AND OTHER ACTIVE FUTURE CONTRACTS
OPEN INTEREST PCR RATIO IMPLIED VOLATILITY
SCRIPTS PREV. CURRENT % PREV. CURRENT PREV. CURRENTWEEK WEEK CHANGE WEEK WEEK CHANGE WEEK WEEK CHANG
BHARTI 10104000 9679000 -4.21 0.44 0.50 0.06 37.56 31.12 -6.44
DLF 22249000 24149000 8.54 0.93 1.65 0.72 49.35 44.40 -4.95
HINDALCO 22021000 26056000 18.32 0.36 0.41 0.05 74.92 48.84 -26.08
HINDUNILVR 9498000 9711000 2.24 0.65 0.69 0.04 27.94 48.11 20.17
ICICIBANK 9841750 10695750 8.68 0.63 1.20 0.57 67.30 33.09 -34.2
IDEA 11804000 12956000 9.76 0.32 0.44 0.12 36.60 34.69 -1.9
INFY 2447000 2819625 15.23 0.43 1.55 1.12 44.52 28.10 -16.42
ITC 15626000 19342000 23.78 0.67 0.89 0.22 25.03 25.55 0.52
JPASSOCIAT 26108000 30384000 16.38 0.80 0.90 0.10 62.10 61.28 -0.82
NTPC 14990000 15630000 4.27 0.38 0.61 0.23 32.49 28.93 -3.56
ONGC 14202000 14434000 1.63 0.36 0.39 0.03 33.39 29.70 -3.69
RANBAXY 2620000 2555000 -2.48 0.78 0.83 0.05 35.55 23.59 -11.96
RCOM 21810000 22020000 0.96 0.44 0.43 -0.01 70.80 57.46 -13.34
RELIANCE 12330000 12600000 2.19 0.65 1.07 0.42 40.48 35.00 -5.48
S&P CNX NIFTY 20668750 20876200 1.00 1.47 1.65 0.18 31.42 24.58 -6.84
SAIL 7550000 7420000 -1.72 0.45 0.73 0.28 51.45 46.27 -5.18
SBIN 5797125 5487000 -5.35 0.47 0.60 0.13 51.76 37.95 -13.8
SUZLON 66904000 66008000 -1.34 0.12 0.21 0.09 60.20 51.54 -8.66
TATASTEEL 18725000 18243000 -2.57 0.37 0.87 0.50 44.55 30.26 -14.29
UNITECH 49384000 45088000 -8.70 0.34 0.54 0.20 61.20 50.28 -10.92
DERIVATIVES
NIFTY ANALYSIS
Put Call Ratio Analysis :The Put-Call open interest ratio of Nifty has increase1.65 from 1.47. At the end of the week, the maximum stocks had a positive tr
of change in put call open interest ratio.
Implied Volatility Analysis :The Implied Volatility (IV) for Nifty futures this whas decreased to 24.58% from 31.42%. The IV of the stock futures has chanthis week ranging from -34.21% to 20.17%.
Open Interest Analysis : The open interest for the index at the end of this whas increased by 1.00% as compared to the previous week. All future stocks
changes in their open interest ranging from -8.70% to 23.78%. ITC has
maximum increase in open interest as compared to other stocks.
Statistical Analysis
Open 4880.00 High 5140.00
Low 4872.55 Close 5074.05
NIFTY & IV CHART
23
24
25
26
27
28
29
30
31
32
4800.00
4900.00
5000.00
5100.00
5200.00
07-Oct 10-Oct 11-Oct 12-Oct 13-Oct
Nifty Close IV
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OIL AND OILSEEDS
Soybean prices, both on international & domestic markets appear to hbottomed out in mid-October and have been on the rise since that timwhich is likely to continue in days to come. The duo common chord link& suggesting a positive outlook are, firstly, since the time investors expthe European leaders, able to solve the debt problems of Europe, pa
selling has eased, supporting the end of 25 consecutive sessions fall, giving a strong rebound from 1152 levels on CBOT & 2040 levels on NCDSecondly, the forecasters (USDA) surprised investors by lowering prediction for the upcoming crop to 3.06 billion bushels from 3.085 bilin September & also did a cut on projected end of the year inventoriHowever, an aggressive upside is not expected, amid seasonal harvpressure. Refined soy oil futures (Nov) may show some range-bound motaking support above 585 levels. Demand on account of starting marriseason & upcoming winters, may add some cushion to the counter. Cfutures breaking the two weeks consolidation & support of 460 levels msee further downside owing to selling pressure & higher availability. In latest data provided by cargo surveyor Societe Generale de Surveillanmentioned that once again India was among the top palm markimporting 72,590 tonnes during October 1-10, higher by 43,220 tonnescompared to same period in previous month.
FERROUS AND NON-FERROUS METALS
Base metals are expected to trade range bound on mixed cues as it seethat the relief rally recently proved to be short lived because the situatin euro zone has not improved. Copper prices can trade in range of 340-in MCX. Recently reports that China may be holding more copper stothan estimated led some to doubt if Chinese consumers would embarklarge-scale restocking soon. Lingering worries over the euro zone crisis auncertainties ahead of key Chinese data this week will keep the upsunder check in base metals pack. LME copper stocks in South Korea aSingapore, locations nearest to China, have been declining sharply siSeptember. Zinc can trade in range of 91-100 while lead can trade in ranof 95-105 in MCX. Nickel prices can also move in range of 900-980 in nterm. Nickel Cancelled warrant ratio continues to decline along wdraw-down of stocks indicating that previously earmarked for deliv
stocks are being drawn down. Aluminium price can trade in range of 1111 in MCX. Alcoa Inc expects global demand for aluminum to hold up ithe fourth quarter despite a falling metal price and fears the gloeconomy may slip back into recession. Steel long in NCDEX can extegains and may test 32500 due to the shortage of iron ore and firm deman
Pepper futures (Nov) consolidating near the resistance at 37500 levels,may show some interesting moves. Spot prices are ruling steady on goodbuying interest amid limited supply. Indian parity in the internationalmarket is quoted to be the cheapest at $8,050-8,100/tonne (c&f) forEurope & $8,300/tonne (c&f) for US is enabling the exporters to bag firm
orders. Jeera futures (Nov) may continue with their consolidationbetween 14200-15200 levels tracking to selling pressure at the spotmarkets. Stockists are trying to release their stocks before sowing period.All India carry forward stock is around 6 - 7 lakh bags. In India, Jeera iscultivated during winter from October to December, and harvested inFebruary-April. Cardamom futures breathing extremely into negativeterritory may continue to slide further as buyers are expected to shy awayfrom the market, expecting a further fall in prices. Moreover, the thirdround of picking is underway in full swing. Chilli futures (Nov) maycontinue to stay at elevated levels, if not rise higher. There is a base beingbuilt at 8350 levels. The greater rise in open interest rising during theconsolidation, will give the counter the greater the potential for thesubsequent upside move. Turmeric futures (Nov) are seen picking up thevelocity to touch 5850 levels. Sales at the spot markets are veryencouraging owing to new orders from North India.
SPICES
BULLIONS
Bullions counter has seen some stability recently but its further movementwill depend upon the movement in greenback and situations in euro zone.Last week FOMC minutes showed that U.S. Federal Reserve officialsdiscussed the possibility of launching a fresh round of bond purchasesbefore deciding last month on a more limited step to aid the economy. Thecentral bank at the meeting re-started a half-century-old policy calledOperation Twist, in which they set a plan to sell $400 billion worth of shortmaturity bonds and reinvest into longer-dated securities. Gold prices cantrade in range of 26000-27000 in MCX. White metal silver may also trade inwide range of 50000-58000 in near to medium term. The center of focus isthe situation in Euro zone last week ECB minutes painted a dire picture ofthe economic and monetary situation unfolding in one of the world's most
advanced economic regions. Some physical demand will pick up in Indiadue to upcoming Diwali and Dhanteras festivals slated later in the month.Weddings also take place during this period. Demand of gold ETF havedeclined to some extent as Gold exchange-traded-product holdings in UShave dropped 3.8 percent from the record on Aug. 8. Historically, investorshave tended to seek gold as an alternative currency when the dollarweakens, and vice-versa although both are sometimes bought at the sametime as a safe haven in times of crisis.
OTHER COMMODITIES
Maize futures (Nov) may trade sideways taking support above 1025 levMixed sentiments like higher availability in domestic markets & on the otside U.S. Federal forecasters said to have cut the output forecast for third month in a row, may keep the prices range-bound. Fundamental facof sustained fresh arrivals of cotton onto spot markets & bleak expscenario projected by USDA may keep Kapas futures within the previ
week range between 720-760 levels. The report mentioned that the woconsumption is reduced nearly 850,000 bales, reflecting current sluggdemand and weaker forecasts for world economic growth. Moreover, government is closely monitoring prices of cotton in view of problems faby the domestic industry. Sugar futures may remain firm tracking gains at spot market. Sentiments are positive expecting buying ahead of the Diwfestival. Adding to this, Government has allowed export of 15 lac tonnesraw and white sugar under OGL in three tranche of 5 lakh tonnes each da19th April, 2011, 28th June 2011, and 19th August, 2011 respectively. Exprelease orders have been issued mentioning the conditions that only oextension of 30 days will be given on merit. However, the counter may fsome resistance near 2810 levels. Guar complex may remain trapped wranges of previous week, owing to mixed sentiments of lower productalong with anticipation of fresh arrivals.
Crude oil prices can trade under pressure as the recent bounce back will beused by traders to create fresh short position because the rising greenbackand trouble in euro zone will keep the prices on back foot. Euro zone
countries will ask banks to accept losses of up to half on their holdings ofGreek debt as part of a grand plan to avert a disorderly default and stem acrisis that threatens the world economy. Crude oil price can weaken as thesigns of weakening gasoline demand in the U.S. and slowing Chineseexports stoked speculation that demand may falter in the world's largestconsumers of crude. Crude oil prices can trade in range of 3950-4250 inMCX and $76-86 in NYMEX. According to the IEA North African nation maypump about 600,000 barrels a day of crude oil by the end of the year, upfrom an earlier estimate of as much as 400,000 barrels. Fighting in Libyareduced the availability of light, sweet crude, or oil with low density andsulfur content. Natural gas prices can trade on highly volatile path in rangeof 165-195 in MCX. Some lower level buying can be seen at present levels.Meanwhile reports of cooler weather in the coming weeks and monthsaround the U.S. can also support the market.
ENERGY COMPLEX
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NOTES : 1) Buy / Sell 25% of Commodity at S1/R1 respectively & rest 75% at S2/R2 respectively.2) S1 & S2 indicate first support & second support & R1 & R 2 indicate first resistance & second resistance.3) 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.4) 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.
TECHNICAL RECOMMENDATIONS
EXCHANGE CONTRACT CLOSING DATE TREND
CHANGED
NCDEX GUAR SEED (NOV) 4194.00 SIDEWAYS
NCDEX SOYABEAN (NOV) 2135.00 17.06.11 DOWN 2281.00 - 2270.00 - 2350.00 2400.00
NCDEX JEERA (NOV) 14772.00 18.08.11 DOWN 15517.00 - 15500.00 - 16000.00 16500.00
NCDEX PEPPER (NOV) 37090.00 25.08.11 UP 32900.00 35000.00 - 34000.00 - 33000.00
NCDEX RED CHILLI (NOV) 8180.00 SIDEWAYS
NCDEX RM SEEDS (NOV) 2878.00 17.06.11 DOWN 2861.00 - 3000.00 - 3040.00 3170.00
MCX MENTHA OIL (NOV) 1340.00 21.07.11 UP 1140.00 1260.00 - 1180.00 - 1130.00
MCX CARDAMOM (NOV) 728.00 08.02.11 DOWN 1361.50 - 820.00 - 870.00 900.00
MCX SILVER (DEC) 52914.00 SIDEWAYS
MCX GOLD (DEC) 26749.00 SIDEWAYS
MCX COPPER (NOV) 363.50 06.05.11 DOWN 398.60 - 400.00 - 420.00 440.00
MCX LEAD (OCT) 99.05 06.05.11 DOWN 103.25 - 106.00 - 116.00 125.00
MCX ZINC (OCT) 94.30 06.05.11 DOWN 95.90 - 112.00 - 114.00 118.00
MCX NICKEL(OCT) 912.30 20.05.11 DOWN 1067.30 - 1050.00 - 1100.00 1250.00
MCX CRUDE OIL (NOV) 4182.00 22.09.11 DOWN 4018.00 - 4200.00 - 4250.00 4350.00
MCX NATURAL GAS (OCT) 174.10 04.08.11 DOWN 177.30 - 200.00 - 220.00 235.00
TREND RATE TREND S1 R1 S2 R2 CLOSING
PRICE CHANGED STOP/LOSS*
TREND SHEET
COMMODITY
CARDAMOM MCX (NOVEMBER) contract closed at`728.00 on 13th October '11.The contract made i
high of 882.00 on 21st September'11 and a low of 723.10 on 13th October '11.The 18-day Exponenti
Moving Average of the Commodity is currently at 759.70.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 38.70. One can
the range 725-735 with the stop loss of 705 for a target of 780.
` `
`
Buy
` `
CASTORSEED NCDEX (NOVEMBER)
CASTORSEED NCDEX (NOVEMBER) contract closed at`4061.00 on 13th October '11. The contra
made its high of 4984.00 on 29th August '11 and a low of 3995 on 12th October '11.The 18-dExponential Moving Average of the commodity is currently at 4189.On the daily chart, the commodity has Relative Strength Index (14-day) value of 32.86.One can Buy
the range 4050-4070 with the stop loss of 4000 for a target of 4200.
` `
`
` `
CARDAMOM MCX (NOVEMBER)
NATURAL GAS MCX (OCTOBER) contract closed at 174.10 on 13th October '11.The contract made i
high of 194.00 on 27th September '11 and a low of 170.40 on 8th October '11.The 18-day Exponenti
Moving Average of the Commodity is currently at 178.78.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 36.68. One can
the range 172-174 with the stop loss of 168 for a target of 182.
`
` `
`
Buy
` `
NATURAL GAS MCX (OCTOBER)
Closing prices as on 13
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COMMODITY
NEWS DIGEST
Commodities were trying to bottom out from multi months low, gaining strength from sompositive movements in Euro zone in addition to sharp correction in dollar index, which gave wetimed and much needed strength to the market. European leaders provided a roadmap of plansrecapitalize banks. Even two week upside in CRB, revealed the same fact. Nevertheless, Euro zodebt issue is still haunting the financial market and some sluggish activities in China, which
considered as a commodity giant was the cause of concern for the traders, which ultimatecapped the upside. Plunge in dollar index, festival demand in the middle of tight physical supplyAsia lent support to gold prices in both spot and future market. Silver followed the footsteps gold. In base metals counter, copper moved upward with confidence. Buying also stimulated historically lower level inventory. Cathode stocks in terms of day's consumption are still lower thaverage levels. Zinc and aluminum recovered some of their weekly losses whereas leoutperformed zinc and their spread stretched to about Rs.5 in MCX. Steel also travellnorthward, after a multi months consolidation. Weakening U.S. gasoline demand and slowicrude imports in China stoked speculation that consumption will falter in the world's largeenergy users couldn't give much negative impact on the crude prices. Crude closed the week positive note whereas natural gas traded with negative bias.
Some important development has been witnessed by market in last week in edible oil and oseeds counter. Most of the commodities, viz; refined soya oil, soyabean, mustard seed acrude palm oil saw a pullback rally. Buying stimulated on lower level, which was also supportby the fall in dollar index and rebound in international market. Spices traded on their ow
fundamentals. Recent downside was utilized as a buying opportunity by traders in pepper whchilli took upside after a brief consolidation. Somehow turmeric also traded in a range wiupside bias on some positive trade in spot market. Sufficient stocks injected selling pressurehigh levels whereas cardamom fell like nine pins on hefty stocks amid skimpy buying. Lowcarry-out stocks and lower production estimates once again assisted guar counter to close tweek on positive note. News of global wheat supplies for 2011/12 is projected 5.4 milliotonnes higher, which has resulted in lackluster trade in wheat future. Government has allowexport of 15 lac tonnes of raw and white sugar. It attracted some buying at lower levels but gtraded silently owing to mix fundamentals.
WEEKLY COMMENTARY
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
COMMODITY UNIT 12.10.11 DIFFERENCE
QTY. QTY.CHANA MT 154560 141141 -13419
CHILLI MT 3711 3711 0
GUAR SEED MT 53470 52931 -539
GUAR GUM MT 21938 21417 -521
JEERA MT 10673 11507 834
PEPPER MT 4753 5201 448
RAPE MUSTARD SEED MT 108052 101598 -6454
SOYA BEAN SEEDS MT 31 31 0
STEEL LONG MT 18636 18159 -477
SUGAR S KOL MT 500 550 50
TURMERIC MT 7400 6566 -834
05.10.11 COMMODITY UNIT 13.10.11 DIFFEREN
QTY. QTY.CARDAMOM MT 28.20 30.00 1
GOLD KGS 98.00 107.00 9
GOLD MINI KGS 107.10 67.90 -39
MENTHA OIL KGS 1202163.83 1173028.78 -29135
POTATO MT 1676.79 1265.33 -411
SILVER KGS 20618.51 19855.19 -763
SUGAR MT 1848.136 0.00 -1848
05.10.11
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
According to the OPEC monthly oil report, October2011, the world oil demand estimate was revised downby 0.18 mb/d to show growth of 0.9 mb/d in 2011,averaging 87.8 mb/d.
Solvent Extractors' Association (SEA) showed total
oilmeal exports surged to 354,252 tonnes as comparedto 231,297 tonnes in the corresponding month of theprevious year.
According to SEA Kharif groundnut crop survey in Gujarat,area under this crop for 2011/12 is pegged at 14.34 lakhha., yield @ 1238 Kg/Ha., & production at 17.75 lakh M.T.
Government has allowed export of 15 lac tonnes of rawand white sugar under OGL in three tranches of 5 lactonnes each dated 19th April, 2011, 28th June 2011,and 19th August, 2011.
As per the Circular No.: NCDEX/TRADING-114/2011/310,the launch of April 2012 expiry contract in Turmeric andFebruary 2012 expiry contract in Chilli has beenpostponed till further notice.
As per the Circular No: NCDEX/CLEARING-019/2011/314,
early delivery system will apply to Guar Gum contractsexpiring in November 2011 and thereafter.
All commodities (except agricultural) will be tradedMonday to Friday 10:00 a.m. to 11.55 p.m on MCX. Theabove trading timings shall be effective from November7, 2011 to March 10, 2012 (both days inclusive).
According to USDA, farmers will produce 12.433 billionbushels of corn this year, down from the 12.497 billionbushels the government predicted a month ago.
6.10 6.08
4.07 4.06 4.06
-8.22
-4.52-4.00 -3.83
-3.1
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
GUARSEED
KAPASKHALI HEATINGOIL
TIN GASOLINE POTATO(TRWR)
REF. SOYOIL
IRON ORE PLATINUM CARDAM
0.02
8.01
6.386.06
3.77
2.84
-2.22
-1.31-0.89
-0.21 -
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
TURMERIC GUAR SEED BR. CRUDEOIL
CRUDEOIL
CHANA NICKEL (N) JEERA BARLEY CPO CASTORSEED (N)
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PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)COMMODITY EXCHANGE CONTRACT 13.10.11 CHANGE%
ALUMINIUM LME 3 MONTHS 2212.00 2209.00 -0.14
COPPER LME 3 MONTHS 7277.00 7347.00 0.96
LEAD LME 3 MONTHS 1931.00 2013.00 4.25
NICKEL LME 3 MONTHS 18750.00 18455.00 -1.57
TIN LME 3 MONTHS 22675.00 22400.00 -1.21
ZINC LME 3 MONTHS 1869.00 1910.00 2.19
GOLD COMEX DEC 1635.80 1668.50 2.00
SILVER COMEX DEC 3099.30 3166.70 2.17
LIGHT CRUDE OIL NYMEX NOV 82.98 84.28 1.57
NATURAL GAS NYMEX NOV 3.48 3.53 1.44
07.10.11
SPOT PRICES (% change)
COMMODITY
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
ON ON 13.10.11
COPPER 471725 453100 -18625
ALUMINIUM 4551750 4551675 -75
NICKEL 94884 91020 -3864
ZINC 810725 798875 -11850
LEAD 380875 388325 7450
TIN 20705 19035 -1670
06.10.11
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 07.10.11 13.10.11 CHANGE
SOYA CBOT NOV Cent per Bushel 1158.25 1257.00 8.53
MAIZE CBOT DEC Cent per Bushel 600.00 638.75 6.46
CPO BMD DEC MYR per MT 2772.00 2844.00 2.60
SUGAR LIFFE DEC 10 cents per MT 653.70 684.10 4.65
Nickel Pig Iron (NPI). A viable substitute of refined nickel
Nickel is one of the most sought metals in the industrial world with roughly tthirds of global nickel production goes to make stainless steel worldwide. Groin nickel pig iron output, which is cheaper to produce than traditional nicmetal, is undermining primary nickel prices and threatens to tip the global nicmarket into oversupply over the next few years.
China Nickel Pig Iron scenarioChina is major producer and consumer of nickel and stainless steel. Chistainless steel industry has advantages of a source of relatively low-cost nickeliron. It has helped China to keep costs of producing stainless steel incredibly allowing the country to ramp up production and dominate the global markerecent years. It has given domestic producers a competitive edge over forerivals. Chinese stainless steelmakers began substituting pure nickel with nickeliron in 2003 in response to rising refined nickel prices. Since about 2005, production has mushroomed in China and is still rising.
Characteristics of NPINickel pig iron (NPI) is made from low grade (1-2% Ni) nickel laterite ore combiwith coking coal and a mixture of sand and gravel aggregates. After a serieheating and smelting of ore to remove impurities, the end result is a nickel ialloy or ferro nickel material containing between 4 and 13% pure nickel (cheaper) compared with 25-40 percent in conventional ferro nickel. Nickel mined in Indonesia has the nickel content ranges between 1.6 percent and
percent and in the Philippines ranges between 1.0 percent and 1.2 percent.
Beijing Antaike Co Pig Iron estimatesChina's production of nickel pig iron should increase to at least 300,000 tonne2012 from an expected 260,000 tonnes in 2011. Production of nickel pig iron 160,000 tonnes in 2010. Production of the substitute may reach about 400,tonnes by 2015. Nickel pig iron production should account for almost 60% of Chitotal primary nickel output in 2011. China should import about 30 million tonnelower grade nickel ore in 2012 to produce nickel pig iron. The Chinese hconverted a large number of small steel plants into nickel pig iron facilities inpast three to four years show the strong appetite for the alternative nickel mark
Those Chinese stainless producers that have NPI production capacity can accnickel at the equivalent of about $21,000 to 22,000 per tonne, the estimamarginal cost of NPI production, giving them a very significant advantage oproducers elsewhere. During the first half of this year, refined nickel was tradon the LME at between $23,000 and $29,000 per metric tonne, although since eAugust the LME price has traded between $20,000 and $22,000 per tonne.
Advantages of NPIChina's innovation in processing low-grade nickel ore is positive on all couNickel pig iron will allow the stainless steel industry to operate without refinickel. The Nickel pig iron will allow refined nickel to be redirected to mimportant uses. It typically sells at a discount of 15 percent to the LME nickel prIt is also cheaper than its closest alternative, scrap nickel, which attractdiscount of just 8 percent to LME nickel. It is possibly curbing demand for refined product and hurting prices that have lagged behind all other base metaLondon.
Limitations of NPIThe most important risk for nickel pig iron production is limited ore supplyChina. All the low grade nickel ore is exported to China from Indonesia Philippines. Costlier electricity, combined with power cuts across China may ra
costs for nickel pig-iron makers and could trigger output curbs. In higher-qua300 series stainless steel up to only 20 percent nickel pig iron can be consumedcheaper 200 series stainless steel, up to 70 percent nickel pig iron can be usedalso requires lots of energy. So production is only worthwhile when nickel priare high.
-0.06
1.82
2.19
-0.05
2.55
2.33
4.11
11.98
-2.05
-0.68
2.42
0.96
2.38
-
-3.63
-0.75
2.27
7.68
1.89
11.86
BARLEY (JAIPUR)
CHILLI LCA 334 (GUNTUR)
CHANA (DELHI)
CORIANDER (KOTA)
CRUDE PALM OIL (KANDLA)
JEERA (UNJHA)
MASOOR (INDORE)
MILD STEEL INGOTS (GHAZIABAD)
MUSTARD (JAIPUR)
PEPPER MALABAR GAR (KOCHI)
POTATO (DELHI)
RAW JUTE (KOLKATA)
REFINED SOYA OIL (INDORE)
RUBBER (KOCHI)
SILVER (DELHI)
SOYABEAN (INDORE)
TURMERIC (NIZAMABAD)
6.38
0.49
GOLD KG (MUMBAI)
GUARGUM (JODHPUR)
GUARSEED (JODHPUR)
GUR (MUZAFFARNGR.)
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CURRENCY
News Flows of last week
Technical Commendation USD/INR EUR/I
Currency Table
Currency Pair Open High Low Close
USD/INR 49.1000 49.4750 48.7500 49.1200
EUR/INR 65.9850 67.7940 65.5130 67.6580
GBP/INR 75.8480 77.5470 75.7170 77.4130
JPY/INR 0.6407 0.6450 0.6312 0.6390
(Source: Thomson Reuters, Open: Friday (Prior) 9.00 AM IST, Close: Thursday 5.00 PM IST)
GBP/INR JPY/I
Economic gauge for the next week
Date Currency Event Previo
17-Oct CNY CNY Real GDP YTD (YoY) 9.60
18-Oct GBP GBP Consumer Price Index (YoY) 4.50
18-Oct EUR EUR German ZEW Survey (Economic Sentiment) -43.3
18-Oct USD USD Producer Price Index (YoY) 6.50
18-Oct USD USD Fed's Bernanke Speaks in Boston
19-Oct GBP GBP Bank of England Minutes
19-Oct USD USD Consumer Price Index (YoY) 3.80
20-Oct EUR EUR German Producer Prices (YoY) 5.50
21-Oct EUR EUR Euro-Zone Government Debt-GDP Ratio 85.10
12th Oct: EU/IMF/ECB Inspectors: Greece to get new aid tranche when EurogroIMF approve results of their review, most likely in early November.
13th Oct: FOMC Minutes: Considered range of tools to ease monetary policy; Mubalance sheet expansion, communicating explicit job market objectilower rate on excess reserves
13th Oct: China's trade surplus shrank to $14.5 billion in September, compared w$17.8 billion in August and $31.5 billion in July.
13th Oct: India's Industrial output slowed down to 4.1% from 4.5% in August oyearly basis13th Oct: Slovakia approves EFSF
14th Oct: S&P drops Spain to AA-, three notches below top AAA rating, witnegative outlook
Market Stance
The Indian rupee remained range bound this week as an underlying demand fordollars by oil companies and weakening manufacturing and industrial outputdata offset positive local shares and a firmer euro. Indian manufacturing growthnearly stalled to a PMI of 50.4 from 52.6 in September, turning in its weakestshowing since March 2009 on slowing output and order growth as the rateincreases and weakening global conditions took a toll. The partially convertiblerupee closed at 49.12/13 per dollar on Wednesday, 0.445 percent stronger thanits previous week's close of 49.34/35. NSE Nifty closed at 5077.85 points onThursday, around 6.8 percent higher than the last week's close of 4751.00. In thecoming week, the festive sentiments will give some strength to the Rupee. Withan eye on the events in Euro Zone we expect INR to trade in a range bound regionof 48.80 to 49.50 in the subsequent week.
USD/INR (OCTOBER) contract closed at Rs 49.24 on 13th October '11. The contractmade its high of`50.22 on 23rd September'11 and a low of`44.46 on 08th August'11.The 18-day Exponential Moving Average of the USD/INR is currently at`48.91.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of61.18.One can Buy in the range of 49.10-49.15 for a target of`49.95 with the stoploss of`48.60.
EURINR (OCTOBER) contract closed at`67.53 on 13th October '11. The contrmade its high of`67.83 on 23rd Sep' 11 and a low of`62.98 on 15th July '11.The day Exponential Moving Average of the EUR/INR is currently at`66.66.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 64.One can Sell in the range of 67.80-67.85 for a target of`66.80 with the stop los
`68.40.
GBP/INR (OCTOBER) contract closed at`77.25 on 13th October '11. The contractmade its high of`78.00 on 23rd September'11 and a low of`72.00 on 15th July '11.The 18-day Exponential Moving Average of the GBP/INR is currently at`76.61.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 68.17. Onecan Buy in the range 77.25-77.20 for a target of`78.10 with the stop loss of`76.70.
JPY/INR (OCTOBER) contract closed at`64.05 on 13th October '11. The contrmade its high of`66.27 on 23rd September '11 and a low of`56.25 on 04th A'11.The 18-day Exponential Moving Average of the JPY/INR is currently at`63.75
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 59.71. Ocan Buy in the range of 64.05-64.00 for a target of`65.10 with the stop loss of`63.50
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IPOIPO
INDIAN IPO NEWS
SMERA assigns 2/5 rating on Tejora Tech IPO
SME Rating Agency of India (SMERA) has assigned SMERA 'IPO Grade 2' (two on five) to the proposed Initial Public Offer (IPO) of Tejora TechnologLimited (TTL). The 'Grade 2' indicates that the fundamentals of the issuer are below average as compared to its industry peers.TTL provides outsoursoftware development services for mobile application, telecom and VoIP (voice over internet protocol) and social networking sites. Over the years, T
has also developed a RFID-IPR (Radio frequency identification Intellectual property right) and sold as Saas (Software as a service) through a re-seagreement in UAE. The RFID-IPR caters to the oil and gas companies based at Jordan. In FY 2011, TTL reported revenues of `35.02 crores.
Swajas Air Charters sets issue price at 90/share
Swajas Air Charters, an air charter services provider, has fixed the issue price at higher end of price band of 84-90 a share. The company has recei
35.68 crore through the issue of 39.65 lakh equity shares, by diluting 26.06% stake. The issue, which opened for subscription during September
October 5, was subscribed 1.43 times. Swajas Air had reduced the price band to 84-90 from 90-100 a share and extended the closing date to Octob
from September 28, 2011 as it could not get subscription in first three days. It is a Chennai-based non-scheduled airline operator servicing a fleefixed-wing aircraft and helicopters across India. Company intends to use issue proceeds for the fleet expansion; setting up of MRO/Hangar facilpurchase of office building / space; and working capital requirements.
Flexituff International fixes issue price at 155/share
Flexituff International, an integrated manufacturer of flexible intermediate bulk containers (FIBC), has fixed its issue price at higher end of price ba
of 145-155 a share. The company garnered 104.625 crore through the offer of 67.5 lakh equity shares. Flexituff will get 69.75 crore from the isproceeds, and the balance amount of 34.875 crore will be received by Clearwater Capital Partners (Cyprus), by diluting 15.77% stake. Post iss
Clearwater will hold 10.30% stake in the company. The issue, which opened for subscription from September 29-October 5, was subscribed just 1times. Flexituff would utilize the issue proceeds towards expansion of its manufacturing facilities at SEZ and DTA units at Pithampur and for setting
of Dripper project at Kashipur.
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Prakash Constro. Construction 211.05 60 4-Oct-11 138 145 167.90 21.67
PG Electro. Cons. Durables 373.16 120.65 26-Sep-11 210 200 227.40 8.29
TD Power Sys. Capital Goods 849.28 227 8-Sep-11 256 251.6 255.50 -0.20
Brooks Lab. Pharma 41.28 63 5-Sep-11 100 110.00 25.50 -74.50
Tree House Edu. Miscellaneous 594.98 112.06 26-Aug-11 135 132.8 176.50 30.74
L&T Fin.Holdings Finance 8650.81 1,245.00 12-Aug-11 52 51 50.45 -2.98
Inventure Grow. Finance 315.95 81.9 4-Aug-11 117 119 150.45 28.59
Bharatiya Glob. IT - Software 21.51 55.1 28-Jul-11 82 84 13.58 -83.44
Readymade Steel Steel 29.58 34.75 13-Jul-11 108 115 16.70 -84.54
Birla Pacific Healthcare 221.48 65.18 7-Jul-11 10 10.1 19.75 97.50
Rushil Decor Miscellaneous 238.25 40.64 7-Jul-11 72 81.25 165.45 129.79
Timbor Home Miscellaneous 46.20 23.25 22-Jun-11 63 72 31.30 -50.32
VMS Industries Shipping 34.18 25.75 14-Jun-11 40 43.95 20.75 -48.13
Aanjaneya Life. Pharma. 525.59 117 27-May-11 234 229.45 417.80 78.55
Sanghvi Forg. Forgings 30.84 36.9 23-May-11 85 85 24.30 -71.41
Innoventive Ind. Steel 552.56 217.41 13-May-11 117 110 92.65 -20.81
Servalaksh.Paper Paper 27.94 60 12-May-11 29 30 6.48 -77.66
Future Ventures Finance 1401.28 750 10-May-11 10 9.5 8.89 -11.10
Para. Print. Packaging 59.67 45.83 9-May-11 35 35 22.35 -36.14
Muthoot Finance Finance 6304.20 901.25 6-May-11 175 180 169.60 -3.09
Shilpi Cable Cables 43.02 55.88 8-Apr-11 69 78.35 13.32 -80.70
PTC India Fin Finance 882.47 433.28 30-Mar-11 28 28 15.70 -43.93
IPO TRACKER
Company Sector M.Cap(In Cr.) Issue Size(in Cr.) List Date Issue Price List Price Last Price %Gain/Loss(fromIssue price)
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ICICI Prudential MF introduces ICICI Prudential Fixed Maturity Plan - Series 60
ICICI Prudential Mutual Fund has announced the NFO ICICI Prudential Fixed Maturity Plan - Series 60 - 18 Months Plan A, a close ended debt scheme. NFO opens
subscription on October 11, 2011 and closes on October 17, 2011. Entry and exit load charge will be nil for the scheme. The duration of the scheme will be
months from the date of allotment. The scheme offers dividend payout and cumulative option. The scheme will be benchmarked against CRISIL Composite B
Fund Index. The minimum application amount is`5000 and in multiple of 10 thereafter. The investment objective of the scheme is to generate regular retu
by investing in a portfolio of fixed income securities/ debt instruments which mature on or before the date of maturity of the scheme.
Sundaram MF introduces Sundaram Fixed Term Plan - BM
Sundaram Mutual Fund has announced the NFO for Sundaram Fixed Term Plan - BM, a close ended income scheme. The NFO opens for subscription
October 11, 2011 and closes on October 21, 2011. No entry and exit load is applicable for the scheme. The duration of the scheme will be 366 days from
date of allotment. The scheme offers dividend and growth option. The scheme will be benchmarked against CRISIL Short-Term Bond Fund Index. T
minimum application amount is 5000 and in multiple of 1 thereafter. The investment objective of the scheme is to generate income with minim
volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
Kotak MF declares dividend under Quarterly Interval Plan Series 5
Kotak Mutual Funds has declared dividend under dividend option of Kotak Quarterly Interval Plan Series 5 on the face value of 10 per unit. The quantum
dividend will be entire appreciation in Net Asset Value of dividend option until record date. The record date for the d ividend payout has been fixed
October 19, 2011. The scheme recorded NAV of 10.1927 per unit as on October 12, 2011.
ICICI Pru MF declares div idend under Annual Interval Plan - III
ICICI Prudential Mutual Funds has declared dividend under dividend option of ICICI Prudential Interval Fund - Annual Interval Plan - III on the face value
10 per unit. The Quantum of dividend will be 0.3704 per unit under retail option while, 0.3720 per unit under institutional option as on record date. Trecord date for the dividend payout has been fixed as October 19, 2011. The scheme recorded NAV of 10.4727 per unit under retail option and 10.3720
unit under institutional option as on October 12, 2011.
UTI MF declares dividend under FIIF Quarterly Interval Plan II
UTI Mutual Fund has declared dividend under dividend option of UTI Fixed Income Interval Fund (FIIF) Series II Quarterly Interval Plan II on the face value of
per unit. The quantum of dividend will be 100% of distributable surplus as on the record date. The record date for the dividend payout has been fixed as Octo
19, 2011. The scheme recorded NAV of 10.0338 per unit under retail option and 10.0344 per unit under institutional option as on October 12, 2011.
HDFC MF declares dividend under FMP 370D September 2010
HDFC Mutual Fund has declared dividend under normal and quarterly dividend options of HDFC FMP 370D September 2010 (2) on the face value of 10
unit. The quantum of dividend will be entire distributable surplus as on the record date. The record date for the dividend payout has been fixed as Octo
19, 2011. The scheme recorded NAV of 10.8000 per unit under normal dividend and 10.1789 per unit under quarterly dividend option.
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NEWS
MUTUAL FUND Market Wat
NFOs WATCH
Fund Name NFO NFO Scheme Objective Fund Type Fund Class Fund Manager MinimumOpens on Closes on Amount
4-Oct-2011 18-Oct-2011 OpenEnded
Income `5,000/-DWS Fixed Term Fund- Series 91 (DFTF -91)
KumaresRamkrishnan
To generate income by investing in debt and
money market instruments maturing on or
before the date of the maturity of the
Scheme.
13-Oct-2011 19-Oct-2011 Close-Ended
Income `5,000/-Baroda Pioneer 367Day Fixed MaturityPlan - Series 2
Alok Sahoo,Hetal Shah
To generate regular returns by investing in a
portfolio comprising of Debt Instruments
and Money Market Instruments maturing on
or before the maturity of the Scheme.
4-Oct-2011 18-Oct-2011 Close-Ended
Hybrid `5,000/-DWS Hybrid FixedTerm Fund - Series 3
Aniket Inamdar,Nitish Gupta
To generate income by investing in high
quality fixed income securities maturing on
or before the date of the maturity of the
scheme and t o generate cap i t a l
appreciation by investing in equity and
equity related instruments.
14-Oct-2011 19-Oct-2011 Close-Ended
Income `5,000/-HDFC FMP 370DOctober 2011 (2)
Bharat Pareek,Miten Lathia
To generate income through investments in
Debt / Money Market Instruments and
Government Securities maturing on or
before the maturity date of the respective
Plan(s).
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MUTUAL FUND Performance Char
Scheme Name
3M 6M 1Y 3Y Since Beta Jensen Std. Small Mid Large Other DLaunch Dev. Cap Cap Cap & C
Launch AUM NAVDate (Rs. in cr.) (Rs.)
SBI Magnum Sector Umbrella-Emerg Buss F-G 43.39 17-Sep-04 N.A. -1.23 4.40 -2.05 33.74 23.06 0.92 0.36 3.35 46.16 38.36 3.45 0 12.0
Edelweiss Absolute Return Fund - Growth 11.25 20-Aug-09 N.A. -1.57 -0.27 -3.02 N.A. 5.64 0.17 -0.11 0.68 1.6891 24.8819 46.8655 0 26.56
UTI Wealth Builder Fund - Series II - Growth 19.63 17-Dec-08 580.68 -2.09 -2.44 -3.92 N.A. 27.00 0.66 0.16 1.92 0.5025 16.82 57.3593 0 25.31
Mirae Asset Emerging Bluechip Fund - Growth 10.89 9-Jul-10 97.52 -6.45 -1.95 -6.86 N.A. 6.95 0.75 0.13 2.33 6.66 62.4 27.12 0 3.8
Canara Robeco Large Cap+ Fund - Growth 9.91 20-Aug-10 N.A. -6.07 -6.95 -7.47 N.A. -0.78 0.64 0.06 1.76 0 0 90.94 0 9.0
UTI India Lifestyle Fund - Growth 11.58 24-Aug-07 434.06 -6.69 -2.53 -7.88 20.98 3.61 0.78 0.14 2.24 0.174 24.5975 64.8666 0 10.36
AIG India Equity Fund - Reg - Growth 12.04 22-Jun-07 148.3 -4.32 -2.05 -8.02 21.33 4.39 0.65 0.06 1.86 0 20.5199 53.413 18.8 7.26
EQUITY (Diversified)
NAV(`)
LaunchDate
AUM(`. in cr.)
RiskReturns (%) Market Cap (%)
BALANCED
Scheme Name
3M 6M 1Y 3Y Since Jensen Std. Small Mid Large Other DLaunch Dev. Cap Cap Cap & C
Launch AUM NAVDate (Rs. in cr.) (Rs.)
HDFC Balanced Fund - Growth 55.45 11-Sep-00 N.A. -4.55 -1.96 -2.87 24.91 16.70 -0.21 1.51 3.57 20.76 27.92 12.9 34
ICICI Prudential Balanced - Growth 45.43 3-Nov-99 N.A. -5.28 -3.65 -4.50 20.20 13.50 -0.23 1.61 0 26.3975 42.7258 0 30.8
Escorts Opportunities Fund - Growth 27.13 9-Mar-01 118.94 -5.19 -3.49 -5.69 6.11 9.87 -0.27 1.17 N.A. N.A. N.A. N.A. N.
Canara Robeco Balance - Growth 59.45 1-Feb-93 N.A. -4.27 -3.65 -8.31 20.81 10.21 -0.32 1.42 6.21 17.18 45.24 0.02 31
HDFC Prudence Fund - Growth 204.35 1-Feb-94 N.A. -6.23 -6.11 -8.62 26.46 18.58 -0.33 1.74 2.78 19.78 36.7 14.4 26
FT India Balanced Fund - Growth 46.99 10-Dec-99 225.14 -4.84 -6.13 -8.79 14.71 13.95 -0.32 1.52 1.3641 9.7873 60.5782 0.0001 28.2
Tata Balanced Fund - Growth 79.83 8-Oct-95 N.A. -5.58 -4.91 -8.92 21.29 13.84 -0.32 1.85 4.39 13.79 54.83 0 26
NAV(`)
LaunchDate
AUM(`. in cr.)
RiskReturns (%) Market Cap (%)
INCOME FUND
Returns(%) RiskScheme Name
1 W 2 W 1 M 6 M 1 Y 3 Y
Canara Robeco InDiGo Fund - Growth 11.73 9-Jul-10 N.A. 391.00 9.64 48.91 25.34 -9.60 20.84 14.57 N.A. 13.46 0.20 0.7
Escorts Income Plan- Growth 33.03 22-May-98 4.11 1418.00 N.A. 1.38 -0.31 19.06 12.39 9.35 8.97 9.32 0.15 0.3
Templeton India Low Duration Fund - Growth 11.06 26-Jul-10 1872.53 102.00 9.84 8.72 9.82 9.34 9.94 9.30 N.A. 8.66 0.63 0.
SBI Dynamic Bond Fund - Growth 12.35 9-Feb-04 N.A. 686.00 8.64 8.70 7.56 2.44 9.76 9.15 5.34 2.79 0.27 0.2
Sahara Income Fund - Growth 19.74 22-Feb-02 4.24 57.00 N.A. 8.59 8.67 8.73 9.05 8.98 9.17 7.34 0.71 0.0
Birla Sun Life Medium Term Plan - Ret - G 11.88 25-Mar-09 N.A. 0 9.7 7.54 8.63 16.69 9.15 8.90 N.A. 6.97 0.31 0.
Religare Active Income Fund - Plan A - G 12.20 2-Aug-07 N.A. 205.00 N.A. 6.85 5.44 5.48 9.79 8.82 6.25 4.85 0.32 0.
NAV(`)
LaunchDate
AUM(`. in cr.) Annualised
Average
Maturity
(Days)
Yield
Till
MaturitySincelaunch
Sharpe Std. D
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 13/1Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday,
ULTRA SHORT TERM
Returns(%) RiskScheme Name
1 W 2 W 1 M 6 M 1 Y 3 Y
NAV(`)
LaunchDate
AUM(`. in cr.) Annualised
AverageMaturity
(Days)
YieldTill
MaturitySince
launchSharpe Std. D
JM Money Manager Fund - Reg - Growth 14.17 27-Sep-06 N.A. 65.00 10.06 9.45 9.51 9.52 9.71 9.31 6.73 7.16 0.92 0.0
Peerless Ultra Short Term Fund - Ret - G 11.20 19-Feb-10 N.A. 37.00 N.A. 8.08 7.91 7.66 9.26 8.57 N.A. 7.14 0.44 0.
IDFC Ultra Short Term Fund - Growth 14.19 17-Jan-06 N.A. 128.00 N.A. 8.99 8.74 8.56 9.24 9.10 6.16 6.28 0.83 0.0
Pramerica Ultra Short Term Bond Fund-G 1094.28 24-Sep-10 N.A. 72.00 8.93 9.54 9.28 9.29 9.23 9.01 N.A. 8.94 0.85 0.0
Kotak Floater - LT - Growth 16.36 13-Aug-04 3694.21 135.00 N.A. 8.61 8.72 8.90 9.16 8.78 7.04 7.10 0.81 0.0
IDBI Ultra Short Term Fund - Growth 10.96 3-Sep-10 N.A. 29.00 N.A. 9.09 9.23 9.14 9.12 8.83 N.A. 8.66 0.84 0.0
Baroda Pioneer Treasury Adv. Fund-Reg-G 1159.72 24-Jun-09 N.A. 80.00 N.A. 9.03 9.08 9.03 9.11 8.64 N.A. 6.64 0.77 0.0
SHORT TERM FUND
Returns(%) RiskScheme Name
1 W 2 W 1 M 6 M 1 Y 3 Y
Sahara Short Term Bond Fund - Growth 12.40 13-Apr-09 107.9 65.00 N.A. 8.63 8.75 8.86 18.30 13.40 N.A. 8.98 0.21 0.7
Sundaram Select Debt-STAP-Appreciation 17.33 4-Sep-02 3.47 237.00 9.25 11.24 9.56 8.37 12.84 12.02 5.69 6.22 0.28 0.4
Escorts Short Term Debt Fund - Growth 15.27 29-Dec-05 3.74 151.00 N.A. 9.10 9.39 10.47 10.35 10.35 8.07 7.59 0.66 0.
Pramerica Short Term Income Fund-G 1073.81 4-Feb-11 N.A. 177.00 9.68 9.43 9.15 9.19 10.19 N.A. N.A. 10.73 0.85 0.
Religare Short Term Plan - Plan A - G 13.77 24-Mar-07 N.A. 111.00 N.A. 6.90 7.22 7.71 9.96 7.39 6.52 7.27 0.14 0.
Peerless Short Term Fund - Growth 11.35 18-Aug-10 N.A. 41.00 N.A. 9.55 9.45 9.55 9.94 12.26 N.A. 11.57 0.27 0.4
UTI Short Term Income Fund - Ret - G 17.58 23-Jun-03 223.25 854.00 N.A. -0.31 1.42 3.37 9.71 8.55 8.06 7.02 0.27 0.
NAV(`)
LaunchDate
AUM(`. in cr.) Annualised
Average
Maturity
(Days)
Yield
Till
MaturitySince
launchSharpe Std. D
Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year r
Due to their inherent short term nature, the following 2 categories have been sorted on the basis of 6month r
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SMC won "Broking House with the largest Distribution Network in India" at'Equity Broking Awards 2011' organised by D&B at Mumbai.
SMC Business Associate participating in Trade Fair organised at Vadodara
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