Morning Note

02 April 2013
make more, for sure.

DATA MATRIX OF LAST SESSION

INDEX Sensex Nifty Midcap Smallcap Close 18865 5705 6221 5938 %Chg 0.15 0.39 1.29 2.29

FIRST LIGHT HEADINGS

India's Q3FY13 Current Account Deficit at $32.63 billion; record high of 6.7% of GDP Supreme Court dismisses Novartis AG's plea to win patent for cancer drug Yash Papers dispatches 3305 MT Paper in March 2013 Birla Shloka Edutech bags order worth Rs 152 crore BPCL, Oman Oil's JV firm to ink pact with banks to refinance debt Apollo Hospitals in advance talks to acquire Lifeline Hospitals: Report Finolex Ind. commences commercial production of PVC pipes manufacturing at Masar

VALUE TRADED (Rs Crs)

BSE NSE F& O Total Total Volume 1703 7166 75880 84749

%Chg
-45.06 -49.18 -71.32 -69.92

MARKET INSIGHT
On Monday 02 Apr 2013, Buying in pharmaceutical stocks provided some strength to the

NET INFLOWS (Rs Crs)

FIIs DIIs 313.1 (269.2)

%Chg
-45.45 -22.24

FII OPEN INTEREST (Crs)

FII Index Futures FII Index Options FII Stock Futures FII Stock Options 7761.95 36409.11 21878.95 708.59

%Chg
2.91 5.03 1.94 2248.88

bourses. Shares of stocks like Natco Pharma, Cipla and Ranbaxy surged 2-5% after the Supreme Court dismissed Novartis Glivec Patent Petition. In a landmark judgment that has the potential to change the direction of India's pharmaceutical business, the Supreme Court said that the drug failed to qualify for a patent according to Indian law. Additionally, buying in Aviation space too supported the sentiments after some media reports suggested Oil PSUs slashing Aviation Turbine Fuel or ATF prices by a steep 5.5%. However, gains remain capped as selling witnessed in Auto pack after some companies reported lower than expected March sales numbers. Global cues too remained sluggish as most of the Asian markets ended the trade in red terrain as sentiments in the region got dampened after Chinese factory data missed market expectations. The country's factory production ran at its fastest in 11 months in March, though the rise to 50.9 missed market expectations of a bigger headline jump while, European counters remain closed for Easter holidays.
The BSE Sensex gained 11.23 points or 0.06% to settle at 18847.00.The index touched a high and a low of 18959.48 and 18796.60 respectively. 16 stocks were up, while 14 stocks declined on the index. The BSE Mid cap and Small cap indices ended higher by 1.20% and 2.32% respectively. On the BSE Sectoral front, Realty up by 5.07%, Capital Goods up by 1.59%, Health Care up by 1.10%, Power up by 0.85% and Bankex up by 0.50% were the top gainers, while Metal down by 1.32%, Auto down by 1.05% and FMCG down by 0.02% were the only losers in the space. (Provisional)

World Indices
Dow Jones Nasdaq FTSE 100 14573 3239 6412

%Chg
-0.04 -0.89 0.00

Commodity
Crude (US$/bl)

%Chg
96.8 1601.7 -0.44 0.36

Gold (US$/oz) Top 5 Movers DLF CAIRN RELINFRA DRREDDY JPASSOCIAT

Close Price
253 286.3 338.15 1,827.00 67.65

%Chg
7.8 5.08 4.22 3.42 3.36

India VIX, a gauge for markets short term expectation of volatility lost 2.43% at 14.85 from its previous close of 15.22 on Thursday. The CNX Nifty gained 17.20 points or 0.30% to settle at 5,699.75. The index touched high and low of 5,720.95 and 5,675.90 respectively. 28 stocks advanced against 22 declining on the index. (Provisional) Asian markets slipped in a holiday-hit trade and ended lower on Monday, as investors sentiments were dampened by a slight improvement in economic reports from China and Japan. Japan's Nikkei went home with red mark as the yen climbed against the dollar ahead of a Bank of Japan (BoJ) policy meeting this week. Meanwhile, South Korean market closed lower despite its exports last month barely grew from a year earlier while inflation unexpectedly eased to a 7-month low on weak domestic demand, reinforcing expectations for a central bank rate cut as early as next week.

Top 5 Loser
SESAGOA TATAMOTORS JINDALSTEL TCS BAJAJ-AUTO

Close Price
151.2 264.6 342.2 1,552.10 1,772.55

%Chg
-2.77 -1.69 -1.6 -1.5 -1.5

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Morning Note
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MARKET OUTLOOK- CAUTIOUSLY OPTIMISTIC

QUANTITATIVE ANALYSIS: What started as a promising session of trade at D-street turned out to be an ordinary start of the new Financial Year, with benchmark equity indices unwinding most of their early gains and negotiating a close just above the neutral line. Slew of disappointing macro-economic reports mainly deterred the sentiment at D-Street. Firstly, expanding at its slowest pace since November 2011, the seasonally adjusted HSBC Purchasing Managers' Index, a composite indicator of operating conditions in the manufacturing economy slowed to 52 in March against its previous reading of 54.2 in February. Thus, by the close of trade, barometer 30 share index, Sensex, after piercing through 18950 level, settled below the psychological 18900 level, with gains of about 15 points. Likewise, 50 share index, Nifty, too managing to negotiate similar proportion of gains, concluded below 5700 bastion. For the upcoming sessions we expect some consolidation around 5610-5580 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 5890 followed by 5960 may provide strong resistance .

TODAY'S MARKET LEVELS

Index
SENSEX NIFTY BANKNIFTY

Support 2
18550 5595 11070

Support 1
18680 5640 11190

Previous Close
18865 5705 11474

Resistance 1
18990 5738 11668

Resistance 2
19120 5770 11810

Trend
Rangebound Rangebound Rangebound

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

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