Morning Note

22 March 2013
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DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 18793 5659 6096 5829 %Chg -0.48 -0.61 -1.07 -1.24

FIRST LIGHT HEADINGS

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 2488 12159 247219 261866

%Chg
14.34 -1.10 26.96 25.18

MARKET INSIGHT
On Thursday 21 March 2013, Asian pacific shares ended mixed, as fears over a bailout plan for

NET INFLOWS (Rs Crs)

FIIs DIIs 368.3 (30.1)

%Chg
-255.59 -91.57

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 10450.31 57845.18 24976.31 2975.45

%Chg
-0.81 -1.15 -1.43 -2.39

World Indices
Dow Jones Nasdaq FTSE 100 14421 3223 6389

%Chg
-0.63 -0.95 -0.68

Cyprus were weighed against a pick-up in Chinese factory activity and a commitment by the US Federal Reserve to its aggressive stimulus. However, European shares besides dropping in response to the fears over Cyprus' bailout plan, were also pounded after Data showed French Purchasing Managers Indexes (PMI) shrank in March at the fastest pace in four years added to investor's worries. sentiments were also dampened after reports suggested Reserve Bank of India (RBI) initiating scrutiny of head offices and branches of ICICI Bank, HDFC Bank and Axis Bank, key accuse for money laundering, violation of regulations like Foreign Exchange Management Act (FEMA) and know your customer (KYC). Meanwhile, fears over the government being forced to call early elections or see its reform agenda weakening after a key ally withdrew from the ruling coalition this week, also weighed over investors' sentiment. Sectorally, Realty Capital Goods and Power counters were the weakest link, while Consumer Durable and Information Technology only held gains by the end of the trade. The market breadth on the BSE ended negative; advances and declining stocks were in a ratio of 959: 1910 while 118 scrips remained unchanged. (Provisional) The BSE Sensex lost 115.23 points or 0.61% to settle at 18768.96.The index touched a high and a low of 19082.29 and 18756.65 respectively. 11 stocks were up, while 19 stocks declined on the index. The BSE Mid cap and Small cap indices ended lower by 1.11% and 1.23% respectively. On the BSE Sectoral front, TECK up by 0.64%, Consumer Durables up by 0.44% and IT up by 0.37% were the only gainers, while Realty down by 2.94%, Capital Goods down by 2.63%, Power down by 2.46%, Auto down by 2.02% and Oil & Gas down by 1.76% were the top losers in the space. (Provisional) India VIX, a gauge for markets short term expectation of marginally lost 0.90% at 16.51 from its previous close of 16.66 on Tuesday. The CNX Nifty lost 37.45 points or 0.66% to settle at 5,656.95. The index touched high and low of 5,757.75 and 5,647.95 respectively. 13 stocks advanced against 37 declining ones on the index. (Provisional) Asian markets ended mixed on Thursday as Chinese Shanghai Composite closed higher after China manufacturing PMI rose to 51.7 in March, from 50.4 in February, which also gave a brief lift to Hong Kong stocks, the Hang Seng Index ended flat in negative territory. South Korea's Kospi went home with red mark on headlines of more tension with North Korea. Japanese stocks closed higher, supported by expectations of aggressive easing steps from the Bank of Japan under a newly installed management team.

Commodity
Crude (US$/bl)

%Chg
92.6 1611.9 -0.76 0.34

Gold (US$/oz) Top 5 Movers BHARTIARTL ICICIBANK HDFC M&M ULTRACEMCO

Close Price
297 1,032.30 797.15 886.05 1,870.00

%Chg
6.05 3.07 2.15 1.45 1.36

Top 5 Loser
RELINFRA JPASSOCIAT BANKBARODA TATAPOWER TATAMOTORS

Close Price
335.6 63.95 653.75 94.1 273.55

%Chg
-6.56 -6.44 -4.89 -4.37 -4.24

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: Selling in second half of the session proved nerve wracking for investors at D-street, who expected some recovery post four consecutive sessions of drubbing. In a big disappointment, Benchmark equity indices unwinding all the morning gains, registered fifth consecutive session of loss. Reversal of trend was witnessed with the opening of European market, wherein jitters over Cyprus's debt crisis re-surfaced and domestic bourses slowly relinquishing all their gains halted near day's low. In the session marked by huge volume, Sensex, tanked over hundred and fifty points, to settle below the psychological 19k level, likewise, 50 share index Nifty, too dropping over quarter of points, concluded below the crucial 5700 level. Broader indices too, witnessing accentuated selling pressure, witnessed a nasty laceration of over a percent. For the upcoming sessions we expect some consolidation around 5610-5650 level although sentiments remain buoyant. Any substantial break down below this range may further boost the traderss sentiment and we might see 5555-5510 in a short span of time. On the flip side 5950-5980 could be the upper range for the current series.

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
18410 5578 10784

Support 1
18604 5622 11022

Previous Close
18793 5659 11235

Resistance 1
18995 5695 11477

Resistance 2
19118 5744 11622

Trend
Rangebound Rangebound Rangebound

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Morning Note
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NAME
Varun Gupta Pashupati Nath Jha Vikram Singh

DESIGNATION
Head - Research Research Analyst Research Analyst

E-MAIL
varungupta@moneysukh.com pashupatinathjha@moneysukh.com vikram_research@moneysukh.com

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Please refer to important disclosures at the end of this report

For Private circulation Only

For Our Clients Only

Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar, New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710, Email: research@moneysukh.com, Website: www.moneysukh.com

SEBI RegnBSE: No.INB BSE: INB010985834 / NSE: INB230781431 SEBI Reg.No: 010985834, F&O: INF 010985834
PMS Regn No. INP000002387 NSE: INB 230781431, F&O: INF 230781431, DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000 MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293