Equity Weekly Update Sensex 21089.72 374.14 Weekly Outlook: Nifty 6274.25 105.

85

For the week 23

rd

December to 27

th

December 2013

Nifty Future 6292.35 95.00

The market may remain volatile in a truncated trading week as traders roll over positions in the futures & options (F&O) segment from the near month December 2013 series to January 2014 series. The near month December 2013 derivatives contract expire on Thursday, 26 December 2013. The stock market remains closed on Wednesday, 25 December 2013, on account of Christmas. AXIS Bank will replace Jindal Steel & Power as a constituent of the S&P BSE Sensex with effect from Monday, 23 December 2013.

Weekly Movement of Market Key Indices Nifty Sensex Bank Nifty CNX IT NSE Midcap BSE Auto BSE FMCG BSE Metal BSE Oil & Gas BSE Power BSE PSU BSE Reality Top Gainer/ Loser BSE Auro Pharma GlaxoSmithKlin J&K Bank Wockhardt Ltd. Biocon MothersonSumi Sobha Develp Pipavav Defe Gitanjali Coromandel Global Markets Shanghai Nikkei HangSeng FTSE CAC DAX DJIA NASDAQ Level 6274.25 21089.72 11720.20 8827.80 7766.45 12297.41 6382.23 9718.57 8733.07 1706.21 9510.61 1365.60 Level 378.30 2,929.75 1,419.50 421.75 Change 105.85 374.14 353.30 -129.80 161.45 263.07 -18.44 97.19 169.08 78.44 99.79 25.73 Change 80.35 488.05 158.30 44.85 Change (%) 1.72 1.81 3.11 -1.45 2.12 2.19 -0.29 1.01 1.97 4.82 1.06 1.92 Change (%) 26.97 19.99 12.55 11.90 11.78 -29.35 -9.23 -9.06 -7.31 -7.10 Change (%) -5.07 3.03 -1.87 2.59 3.46 4.37 2.96 2.59 The BSE Mid-Cap index rose 3.17% and the BSE Small- Cap index gained 2.62%. Both these indices outperformed the Sensex. Weekly Round up:Indian stocks surged after the Reserve Bank of India (RBI) surprised markets by keeping its main lending rate viz. the repo rate unchanged at 7.75% after mid-quarter monetary policy review on Wednesday, 18 December 2013. Investor sentiment was also boosted by stock market regulator Securities and Exchange Board of India's (Sebi) decision to rationalize the rules on trading of thinly-traded stocks. The barometer index, the S&P BSE Sensex, regained the psychological 21,000 mark. The market fell in three out of five trading sessions in the week just gone by. The S&P BSE Sensex garnered 374.14 points or 1.81% to 21089.72, its highest closing level since 11 December 2013. The 50-unit CNX Nifty garnered 105.85 points or 1.72% to 6,274.25, its highest closing level since 11 December 2013. Technical View On the daily chart of nifty we can see nifty bounced back from its support level of 6150 with good volume. Nifty has resistance at 6350 and currently nifty is trading above its 8 days, 13 days and 21 days EMA. This bounce back rally can continue to the levels of 6500 so investor with long position can hold their longs with strict stop loss of 6150. Weekly Chart Nifty

437.45 46.10 200.80 -83.40 304.90 -31.00 39.65 -3.95 48.80 -3.85 230.25 -17.60 Level Change Asian 2,084.79 -111.28 15,870.42 467.31 22,812.18 -433.78 European 6,606.58 4,193.77 166.62 140.36

9,400.18 393.72 US 16,221.14 4,104.74 465.78 103.76

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Institutional Activities (Rs Cr) FIIs Monday Tuesday Wednesday Thursday Friday DIIs Monday Tuesday Wednesday Thursday Friday Buy 2333.74 3130.68 4557 .33 4286.14 3444.87 Buy 997.80 1057.52 973.59 1617.49 1155.52 Sold 2174.19 2880.75 3358.73 2022.03 2454.68 Sold 1127.30 1154.35 1386.60 1659.08 14.03.47 Net 159.55 249.93 1,198.60 2,264.11 990.19 Net -129.50 -96.83 -413.01 -41.59 -247.95

Calls for the Week Stock on the Move: - Shriram Transport Finance

Technical View: - On the daily chart of Shriram Trans we can see stock has broken its resistance levels of 644 and given closing above that. Currently stock is trading above its 8 days, 13 days and 21 days EMA. Investor can buy stock with stop loss of 647 with stop loss of 630 for target price of 680.

Highlights of the Week

RBI tightens norms for credit card issuers on minimum dues. PNB launches online facility for payment of property tax. IDFC taking steps to meet the banking licence norms. Karnataka High Court nixes USL share sale to Diageo. Intend to challenge Karnataka HC order, say USL and Diageo. Hisar university issued patent to estimate multi residue in milk and milk products. Energy sector trips on petro products subsidies: Petroleum secretary. Petrol price hiked by 50 paise, Diesel by 11 paise. Allowing RIL to raise prices was a bold move, says Oil Minister Veerappa Moily. Competition Commission rejects complaint against Mahagenco. ILFS joint venture gets Rs 145 crore contract for rail flyover in Uttar Pradesh.

L&T IDPL seeks FIPB nod for rising up to Rs 2,000 crore. Steel production falls 2.4% in November: WSA. Indian scientists develop insulin pill for diabetics. Carlyle Group buys 28 pct in Global Health for Rs 960 crore. Daiichi may get Japanese experts to help Ranbaxy meet USFDA norms. Blackstone to sell its stake in Emcure Pharma to Bain Capital. Steel makers set to raise prices by Rs 1,000/tone. Wipro announces $2.8 million fellowship focussed on STEM education in US. Vodafone to challenge Rs 3,700-crore tax demand over call centre sale. Cidco gets nod for inviting private bids for Navi Mumbai airport. Following airlines, Railways introducing dynamic fare system.

Derivative Trend

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