13th Jan 2014

MARKET DIARY
SGX NIFTY : 6213 ( 33.50 pts Up )

Quote of The Day

"The boom and the bust were normaljust two more swings in stock returns over the past century. Reversion to the mean is the iron rule of the financial markets." John

MARKET
Name Sensex Nifty DOW NASDAQ CAC DAX FTSE NIKKIE HANG SENG EW ALL SHARE Value 20758.49 6171.45 16437.05 4174.66 4250.6 9473.24 6739.94 Closed 22948.27 10008.87 Change 45.12 3.10 (7.71) 18.47 25.46 51.63 48.60 102.02 (18.13)

Bogle

Chart of the Day Monthly Median Sensex Return

INSTITUTIONAL TURNOVER
FII Investor 10th Jan, 14 Buy(Cr.) 3116.25 17403.04 17403.04 DII Investor 10th Jan, 14 Jan,14 2014 Buy(Cr.) 1315.14 7998.85 7998.85 Sale(Cr.) 1,233.41 8,779.46 8,779.46 Net(Cr.) (118.45) (780.61) (780.61) Sale(Cr.) 3,048.09 17,478.72 17,478.72 Net(Cr.) (3.74) (75.68) (75.68)

Index Action-Nifty (10th Jan, 14)

Jan,14 2014

Contents Economic calendar News Derivative Research

Index

Page 4 3 2

Coverage UPDATE UPDATE UPDATE

COMMODITY PRICE COMMODITY/CURRENCIES Value GOLD 29033.00 SILVER 44824.00 CRUDEOIL 107.25 COPPER NATURALGAS DOLLAR/RS. EURO/RS. POUND/RS. 457.63 251.20 61.90 84.60 102.80

Narnolia Securities Ltd.

124, 1st floor 7/1, Lords Sinha Road Kolkata -700071. Ph 033-22821500/01/02/03/04 Mob : 9830013196 email: [email protected], website : www.narnolia.com

Derivative Research
NIFTY SNAPSHOT Nifty Spot Nifty Jan 2014 Future Nifty Feb 2014 Future Nifty Jan 2014 Open Interest Nifty Feb 2014 Open Interest 7 DMA of Spot Nifty 21 DMA of Spot NIfty 50 DMA of Spot Nifty VOLATILITY INDEX (VIX) PUT CALL RATIO Nifty (Jan Series) Option OI Distribution: 6171.45(+3.10) 6180 6217 17045600 1625400 6185 6223 6193 15.58(-0.60) 0.97 GRAPH

Index Outlook

Activity of Nifty (Jan Series) Strike CALL OI % Chng 6000 895250 -1.6 6100 1299500 11.2 6200 4041350 7.8 6300 5110050 0.3 6400 4854800 10.4 6500 4092550 2.6 Fresh Long Seen In (Rising OI -Rising Price) Scrip OI OI ch% HCLTECH 31,75,750 8.4 APOLLOTYRE 317,12,000 8.1 ZEEL 42,86,000 6.1 TCS 42,73,625 3.0 HEXAWARE 48,36,000 2.4 RISE IN PCROI STOCK T1 TECHM 0.55 DRREDDY 2.51 WIPRO 0.60 INFY 1.46 COLPAL 0.20

PUT OI 5243450 4994500 4283000 2349900 939400 586750 CMP 1299.3 111.9 295.2 2281.8 139.7 T2 0.37 1.70 0.44 1.11 0.16 % Chng -3.7 6.7 4.6 2.8 -9.0 -9.5 Ch% 1.1 1.1 2.3 1.7 0.3

FIIs Activity (Fig in Cr) Segment INDEX FUTURE INDEX OPTION STOCK FUTURE STOCK OPTION TOTAL

Buy 1,213 8,953 1,673 1,477 13,316

Sell 1,665 9,064 1,713 1,518 13,960

Net (452) (111) (40) (41) (645)

Fresh Shorts Seen In: (Rising OI -Falling Price) Scrip OI OI ch% VOLTAS 106,04,000 10.2 RECLTD 31,06,000 9.5 ICICIBANK 94,08,250 9.5 INDUSINDBK 62,84,000 8.6 BANKBARODA 37,52,000 6.6 FALL IN PCROI STOCK T1 APOLLOTYRE 1.41 HEROMOTOCO 0.35 SAIL 0.38 PTC 0.36 HINDALCO 0.46

CMP 107.4 198.8 1024.6 405.0 612.5 T2 1.81 0.45 0.46 0.43 0.54

Ch% -4.2 -2.3 -2.6 -2.8 -1.2

Markets Snapshot
Top Price Performers Top Performers 1D RAMANEWS MANAPPURAM OMMETALS WARRENTEA CHIRAWA Worst Price Performers Worst Performers 1D SUMEETINDS SUMEETINDS JKDAIRY MCX SURYACHAKRA % Change (11.33) (11.33) (10.57) (10.56) (9.68) Worst Performers 1W KANANIIND PDPL PRADIP MCDHOLDING INDINFO % Change (28.26) (22.77) (22.18) (21.52) (20.91) Worst Performers 1M STAR GLOBALCA INDINFO SANWARIA TUNITEX % Change (60.02) (52.28) (38.73) (36.29) (35.20) % Change 20.00 15.70 10.81 10.00 10.00 Top Performers 1W EVERONN PARACABLES SYNCOM FINANTECH QUADRANT % Change 47.76 44.93 43.55 40.30 36.47 Top Performers 1M GATI RAMSARUP FINANTECH REISIXTEN MLKFOOD % Change 111.78 108.65 104.61 81.08 80.36

Top News :
Tata Power has informed that late last night (near midnight of 9th January), a loud thud was observed in Low Pressure Turbine accompanied by fire on the turbine and generator deck of the 250 MW Unit 8 at Trombay. The plant was safely shutdown including safe purging of hydrogen from the generator and safe shutdown of boiler, as the Unit was running with about 185 MW capacity.No casualty has occurred nor is any human involved in the event associated with the key plant and equipment. Tata Steel Clarification : News item captioned "2-year contract to supply rail tracks to French rail operator". Tata Steel has clarified that "This Press Report is based on a Press Release dated January 8, 2014 issued by Tata Steel Europe from United Kingdom and relates to an order placed on them for supply of rails to a French Rail Operator. Company understand that the Press Release is mainly addressed to the related trade segment and represents a very small contract as compared to the annual sales turnover in terms of value or volume. Vijaya Bank has consider conversion of existing 120 crore Perpetual Non Cumulative Preference Shares (PNCPS) of Rs. 10/- each into Equity shares of the Bank and to decide on conduct of an Extra Ordinary General Meeting of the shareholders of the Bank to obtain the Shareholders permission for the same. This EGoM was to finalise the basket for PSU ETF. This basket will comprise of 11 companies, all bluechip PSUs. Govt expect to raise around Rs 3,000 crore . The companies which would form part of the ETF basket are ONGC, Coal India, GAIL, Power Grid, REC, Oil India, Container Corporation, Power Finance, Indian Oil, Engineers India and Bharat Engineering. HDFC Ltd plans to raise USD 300 million through external commercial borrowing (ECB) to fund its expansion . Asked whether the raising of funds will happen this fiscal or the next one, It is not yet decided. HDFC is raising the money under the USD 1 billion ECB window for housing finance companies that the Reserve Bank allowed for funding affordable housing projects. Bharat Petroleum Corp will shut a crude unit at its Mumbai refinery for about 15 days in April-May as it carries out a 40-day maintenance work at its catalytic cracker unit . india Nov IIP @ -2.1 % Vs Expectation 0.6 % Vs -1.8 % ( MoM ) . Manufacturing Sector Growth @ -3.5 % Vs -2 % ( MoM ) . Electricity Sector Growth @ 6.3 % Vs 1.3 % ( MoM ) . Mining Sector Growth @ 1 % Vs -0.3 % ( MoM ) . Electricity Sector Growth @ 6.3 % Vs 3.5 % ( MoM ) . Consumer Durable Goods Sector Growth @ - 21.5 % Vs -12 % ( MoM ) . Basic Good Sector Growth @ 0.7 % Vs -1.6 % ( MoM ) . Consumer good Sector Growth @ - 8.7 % Vs - 5.1% ( MoM ) . Intermediate Sector Growth @ 3.3 % Vs 1.8 % ( MoM ) . Capital Sector Growth @ 0.3 % Vs 2.3 % ( MoM ) . Consumer Non Durable Goods Sector Growth @ 2.5 % vs 1.8 % ( MoM ). U.K. industrial production remained unchanged at a seasonally adjusted 0.0%, from 0.3% in the preceding month whose figure was revised down from 0.4%. Analysts had expected U.K. industrial production to rise 0.4% last month. The December 2013 trade deficit for India came in at USD 10.14 billion versus USD 17.19 billion in the same month last year. The reduction was driven by a 15.25 percent fall in imports, which came in at USD 36.49 percent while exports grew at 3.5 percent to USD 26.35 billion. Gold and silver imports stood at USD 1.77 billion in December vs USD 5.6 billion a year earlier.

Result Calendar Q3FY14 Bse Code 534535 517326 500086 520066 523445 531846 531247 590122 532285 523467 526596 500266 532541 531307 500215 532978 500034 532772 530581 511128 532326 532648 532215 532977 500490 500042 501833 532640 533151 507886 511288 532281 532894 531841 532175 526015 Company Name BIOGRPAPER CMC Exide Inds Jay Bharat Marut Reliance Indl Infra Trinity League Alpha Hitech Ashika Credit Cap Geojit Bnp Jai Mata Glass Liberty Shoes Maharashtra Scoot NIIT Tech S R K Inds Agro Tech Foods Bajaj Finserv BAJFINANCE Dev Credit Bank Ekam Leasing Galaxy Conso Intense Tech-$ Yes Bank Axis Bank Bajaj Auto Bajaj Holdings BASF India Chowgule Steam Cyber Media D B CORP Dhruv Estates Gruh Finance HCL Tech Indowind Ener Indus Finance Corp Infotech Enter Kemrock Inds Date 13-Jan-14 13-Jan-14 13-Jan-14 13-Jan-14 13-Jan-14 13-Jan-14 14-Jan-14 14-Jan-14 14-Jan-14 14-Jan-14 14-Jan-14 14-Jan-14 14-Jan-14 14-Jan-14 15-Jan-14 15-Jan-14 15-Jan-14 15-Jan-14 15-Jan-14 15-Jan-14 15-Jan-14 15-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 Bse Code 530813 500253 532819 500355 517447 512417 501267 532218 532540 531847 500074 500469 531754 500180 500188 500875 500304 526747 590055 532524 500325 526885 513010 517506 507685 532166 532870 500033 500183 509162 524378 530129 530419 506690 534804 531209 Company Name KRBL LIC Housing Fin Mindtree Rallis India RS Software Sharp Trading Shree Rani Sati South Indian Bank TCS Asian Star-$ BPL Federal Bank Fintech Comm HDFC Bank Hindustan Zinc ITC NIIT PG Foils Polyspin Expo PTC India RIL Sarla Perf-$ Tata Sponge TTK Prestige Wipro Alka Securities Ankit Metal Force Motors-$ Himachal Futur Indag Rubber-$ JMDE Pack Nile Sumedha Fisc Unichem Lab Care Nucleus Soft Date 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 16-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 17-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 18-Jan-14 19-Jan-14 19-Jan-14

Insider
Bse Code 532774 532156 532156 532540 532540 532540 Company AFL VAIBHAVGBL VAIBHAVGBL TCS TCS TCS Name of Acquirer / Seller CAC Corporation Brett Plastics Pvt Ltd Punag Ltd Phiroz Vandrevala Phiroz Vandrevala Af-Taab Investment B/S Buy Buy Sell Sell Sell Sell Mode Preferential Offer Market Market Market Market Market Qty. 5500000 27200 27000 5000 5000 5000

Management Tweets :
JK Paper Mgt Guideline : The company had a new machine put up in August for further expansion. The month of October-December the company did see some advantage from this, however the full advantage of volumetric increase will be seen in FY14-15. Gravita India Mgt Guideline : Company expects the company to grow to the tune of 25-30 percent in FY15. Mgt is optimism of improving margins on the back of value-added products. Mgt says the metal company will focus on value added products like lead power and sheets in the days to come. HCL Technologies Mgt Guideline : The IT spending outlook for 2014 is positive but immigration remains a concern for the industry, although not so much for them. Mgt say 2014 continues to look good. The renewal market continues to be buoyant .
Economic Calendar
Monday 13-Jan-14 Tuesday 14-Jan-14 Wednesday 15-Jan-14 Thursday 16-Jan-14 Friday 17-Jan-14

US

Federal Budget Balance .

Building Permits , Housing Starts , Core CPI m/m , Unemployment Claims , CPI Core Retail Sales m/m , Retail Sales m/m PPI m/m , Core PPI m/m , Empire State Capacity Utilization Rate , Industrial m/m , TIC Long-Term Purchases , Philly Fed , Import Prices m/m , Business Manufacturing Index , Crude Oil Inventories Production m/m , Prelim UoM Consumer Manufacturing Index , NAHB Housing Market Inventories m/m . , Beige Book . Sentiment , Prelim UoM Inflation Index , Natural Gas Storage . Expectations , JOLTS Job Openings .

UK/EURO ZONE

Italian Industrial Production m/m .

French CPI m/m , French Gov Budget Balance , CPI y/y , PPI Input m/m , RPI y/y , Industrial Production m/m .

ECB Monthly Bulletin , German Final CPI m/m French 10-y Bond Auction , Trade Balance , German WPI m/m , Retail Sales m/m , 10, Italian Trade Balance , CPI y/y , Core CPI y/y , CB Leading Index m/m . y Bond Auction , 30-y Bond Auction . Italian 10-y Bond Auction .

INDIA

CPI Data

WPI Data

N arnolia Securities Ltd

402, 4th floor 7/ 1, Lord s Sinha Road Kolkata 700071, Ph 033-32011233 Toll Free no : 1-800-345-4000 em ail: [email protected] , w ebsite : w w w .narnolia.com

Risk Disclosure & Disclaimer: This report/message is for the personal information of
the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Narnolia Securities Ltd. (Hereinafter referred as NSL) is not soliciting any action based upon it. This report/message is not for public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any other person in any from. The report/message is based upon publicly available information, findings of our research wing East wind & information that we consider reliable, but we do not represent that it is accurate or complete and we do not provide any express or implied warranty of any kind, and also these are subject to change without notice. The recipients of this report should rely on their own investigations, should use their own judgment for taking any investment decisions keeping in mind that past performance is not necessarily a guide to future performance & that the the value of any investment or income are subject to market and other risks. Further it will be safe to assume that NSL and /or its Group or associate Companies, their Directors, affiliates and/or employees may have interests/ positions, financial or otherwise, individually or otherwise in the recommended/mentioned securities/mutual funds/ model funds and other investment products which may be added or disposed including & other mentioned in this report/message.