DISHA - WEALTHRAYS RESEARCH

MARKET SNAPSHOT

23RD SEPTEMBER 2013

Market Synopsis Banks & Realty drag Nifty below 5900 & Sensex below 20000 Indices Watch The Reserve Bank of India's surprise move to hike the repo continued to weigh on Indian equities. Sensex, that touched a near three-year high Thursday, shed 362 points to close the day at 19900, down 1.8%. Nifty slipped 122 points to close at 5889.75 down 2.04%. Bank Nifty slumped 4.4%, with ICICI Bank, State Bank of India, Axis Bank, Bank of Baroda, Bank of India, YES Bank, and Union Bank of India down 4-9%. In the realty space, Unitech, Indiabulls Real Estate, Jaiprakash Associates, and DLF declined over 4-7%. Information technology shares held on to gains as investors' focus moved to defensive bets. HCL Technologies ended nearly 3% higher, hitting a lifetime high intraday. Jewellery cos up as govt clarifies on gold import norm Shares of Rajesh Exports, Shree Ganesh Jewellery, Tribhovandas Bhimji Zaveri, Titan Industries, Gitanjali Gems and PC Jeweller rose 1.5-5.5% after the government clarified the 80:20 gold import norm on Friday. On Jul 22, the RBI tightened gold import norms by revising the 80:20 scheme and making it mandatory for nominated agencies to sell 20% of imported gold to exporters. The norm was interpreted as there was a ceiling of 20% on exports. A senior government official who attended the review meeting held by Commerce Secretary S.R. Rao with senior officials of nominating agencies, banks, the customs department, and RBI, said that the norm means at least 20% has to be given for exports. He also said banks and trading agencies are expected to "immediately" resume gold imports, following a two-month-long hold up due to doubts over the changes in the import criteria. NSE Top Gainers Symbol SESAGOA HCLTECH HINDALCO NSE Top Losers Symbol CMP % change 7.33% 7.03% 6.56% CMP % change 2.92% 2.85% 1.8% NIFTY SENSEX : 5,889.75 (- 2.04%)

: 19,900.96 (- 1.79%)

BANK NIFTY : 10,211.70 (- 4.45%) CNX IT INDIA VIX : 8,200.70 (+ 0.83%) : 27.02 ( + 9.26%)

183.2 1092.05 116

BANKBARODA 509.85 DLF 140.85 AXISBANK 1030

DISHA - WEALTHRAYS RESEARCH

Events - Week Ahead - September Week 3: Crude, refinery output for August, from petroleum ministry. - September 26: USA GDP data for July to September 2013 - September 27: CPI for industrial workers for August, by Labour Bureau.

Levels to Watch on Indices CMP NIFTY : 5,889.75 SUPPORT-1 5880 9894 SUPPORT-2 5805 9765 RESISTANCE-1 RESISTANCE-2 5913 10295 5993 10428

BANK NIFTY : 10,211.70 Derivatives Corner

23-SEP-2013 PUT-CALL RATIO Stock Futures Top Trades 1.18

20-SEP-2013 1.21

Underlying

Expiry Date

Open Price

High Price

Low Price

Prev Close

Last Price

Volume Turnover (Contracts) (lacs.) 49,277 31,993 13,374 37,165 14,853 18,045 1,02,992.63 84,298.36 83,576.80 63,509.41 61,613.21 56,616.41

Underlying Value 1,644.00 1,030.00 154.55 325.3 405.75 2,485.50

SBIN 26-Sep-13 AXISBANK 26-Sep-13 RCOM 26-Sep-13 YESBANK 26-Sep-13 RELINFRA 26-Sep-13 MCDOWELL- 26-Sep-13 N

1,709.95 1,717.25 1,649.00 1,091.80 1,091.80 1,027.60 155.2 159.8 152.8 347.65 361.7 325 412 423.5 406 2,524.00 2,579.40 2,479.00

1,740.55 1,650.50 1,105.45 1,034.95 157.3 155.5 358.1 326.5 411.25 407.5 2,540.25 2,493.00

Stock Options Top Trades

Underlying SBIN RCOM RPOWER AXISBANK MCDOWELL-N

Volume Turnover Expiry Date Option Type Strike Price Open Price High Price Low Price Prev Close Last Price (Contracts) (lacs.) Underlying Value 26-Sep-13 26-Sep-13 26-Sep-13 26-Sep-13 26-Sep-13 CE CE CE CE CE 1,700.00 160 75 1,100.00 2,600.00 40 2.25 0.65 20 15.15 44.95 4.8 2.05 23.1 26.9
2

14.8 1.9 0.65 6.9 10

62.4 3.7 0.85 35.85 21.95

14.8 2.25 1.25 7.2 11

11,640 25,075.03 2,629 17,141.08 3,914 11,972.14 3,525 9,807.70 2,801 9,157.73

1,644.00 154.55 72.15 1,030.00 2,485.50

DISHA - WEALTHRAYS RESEARCH

Open Interest - Increase

Open Interest - Decrease

PUNJAB NATIONAL BANK BANK OF INDIA CESC LTD BANK OF BARODA RELIANCE INFRASTRUCTU LTD

15% 14% 14% 12% 11%

PTC INDIA LIMITED RAYMOND LTD CANARA BANK POWER FIN CORP LTD. ALLAHABAD BANK

-26% -14% -12% -10% -10%

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