Eastern Financiers' Daily Market Outlook - Eastern Financiers
1. 1
Eastern Financiers Ltd.
EF Market Times
17th Jun 2014
Market Data
Domestic Markets
Indices Last Trade Pts chg % chg
Nifty 7,533.55 (8.55) (0.11)
SENSEX 25190.48 (37.69) (0.15)
BSE MIDCAP 8966.88 30.95 0.35
BSE SMLCAP 9704.39 29.81 0.31
BSE-100 7644.11 (0.12) (0.00)
BSE-200 3074.63 0.53 0.02
BSE-500 9610.51 4.10 0.04
Asian Indices
INDICES Last Trade Pts chg % chg
HANGSENG 23,300.67 (18.50) (0.08)
SHANGHAI 2,191.86 15.61 0.72
NIKKEI 14,933.29 (164.55) (1.09)
KOSPI 1,993.59 2.74 0.14
TAIWAN TAIEX 9,202.93 6.54 0.07
STRAITS TIMES 3,290.26 (2.99) (0.09)
JAKARTA COMPOSI 4,885.46 (41.20) (0.84)
Sectoral Indices
INDEX Last Trade Pts chg % chg
AUTO 15,031.83 (163.24) (1.07)
BANKEX 17,220.59 (89.28) (0.52)
METAL 13,092.69 16.95 0.13
OIL & GAS 11,365.41 3.45 0.03
CAPITAL GOODS 15,673.53 (183.68) (1.16)
HEALTHCARE 10,839.06 78.86 0.73
TECK 5,090.86 62.60 1.24
CONSUMER DURABLES 8,199.92 69.78 0.86
IT 9,032.49 136.96 1.54
FMCG 6,888.61 19.82 0.29
REALTY 2,028.75 34.00 1.70
POWER 2,227.04 5.32 0.24
Market Wrap-Up
Continued concerns over the situation in the Middle East led
to a volatile session for the Indian markets. Sensex recovered
127 points from day’s low at 25063.93 to end at 25190.4
while Nifty recovered 46 points from the intraday low to
close the day at 7533.55. Of the sectoral indices Realty index
continues to top the gainers’ chart with an increase of 1.7%.
Domestic Update
Wholesale prices-based inflation (WPI) in May 2014
accelerated to a five-month high of 6.01%, driven up by
higher food and fuel costs. In April, wholesale prices rose at
their slowest pace in two months to 5.20%.
Prime Minister Narendra Modi has laid the foundation
stone for the 600-MW Kholongchu hydro-electric project, a
joint venture between India and Bhutan.
Sector Update
Government has hiked the import tariff value on gold and
silver to $411 per 10 grams and $632 per kg due to the rise
in global prices resulting from escalating violence in Iraq.
The under recovery on diesel prices came down further to
Rs 1.62 per litre for the current fortnight. The under-
recoveries for FY15 are projected to be Rs 91,665 crore
while the figure was Rs 1,39,869 in FY14.
Corporate Update
ONGC may raise its stake in Cairn India's prolific Rajasthan
oil fields as a condition for agreeing to allow the Anil
Agarwal-group firm operates the block after expiry of
contractual period.
The realty arm of the Mahindra Group, Mahindra
Lifespaces, has launched a new business vertical focused
on affordable housing. Called 'Happinest', the vertical would
launch its first two projects at Avadi in Chennai and Boisar
in Mumbai. These developments would be aimed at families
with a current combined monthly income of Rs 20,000 to Rs
40,000 per month.
A consortium led by GMR Infrastructure has won three
construction packages of rail line doubling of Multi Modal
Transport System (MMTS)–PhaseII works on Secunderabad
Division of South Central Railway in the State of Andhra
Pradesh, India. GMR’s share of work is about Rs. 207 crore.
Titagarh Wagons Ltd, flagship company of the Titagarh
Group, has made its maiden foray into manufacturing of
metro coach business. Recently, the company has bagged a
contract for rehabilitation of 56 coaches (seven rakes) from
the Kolkata Metro Railway.
Wipro has won a transformational IT applications and
infrastructure deal from 7-Eleven, a convenience store
chain in Australia.
Shareholders of YES Bank have approved the board’s
decision to raise $500Mn capital to support its growth plans
2. 2
Eastern Financiers Ltd.
EF Market Times
17th Jun 2014
FII Investment on 16th June 2014
Debt/Equity
Investment
Gross Purchases
(RsCrs)
Gross Sales
(RsCrs)
Net
Investment
(RsCrs)
Net
Investment
US($) million
Conversion
Route
(1 USD TO
INR)
Equity
Stock Exchange 5304.53 4134.12 1170.41 196.78
Rs.59.4783
Primary market &
others
79.86 0.10 79.76 13.41
Sub-total 5384.39 4134.22 1250.17 210.19
Debt
Stock Exchange 941.95 1149.15 (207.20) (34.84)
Primary market &
others
886.14 94.54 791.60 133.09
Sub-total 1828.09 1243.69 584.40 98.25
Total 7212.48 5377.91 1834.57 308.44
Open Interest Data
Current OI (Rs Cr.) Chg in OI (Rs Cr.)
INDEX FUTURES 17,518.18 750.01
INDEX OPTIONS 100,360.92 2889.66
TOTAL INDEX 117,879.10 3639.68
STOCK FUTURES 58,803.59 1679.96
STOCK OPTIONS 19,564.64 712.57
TOTAL STOCKS 78,368.23 2392.53
GRAND TOTAL 196,247.33 6032.20
Increase in Open Interest
Company
Prev
OI
Curr OI %Chg OI
Curr
Price
%Chg
Price
TATASTEEL 12589 14564 15.69 527.45 0.07
ORIENTBANK 2323 2587 11.36 322.80 (3.25)
INDIACEM 2697 2964 9.90 118.90 0.38
VOLTAS 2511 2753 9.64 227.00 3.21
IBREALEST 6496 7034 8.28 96.55 0.94
Decrease in Open Interest
Company
Prev
OI
Curr OI %Chg OI
Curr
Price
%Chg
Price
MCDOWELL-N 17225 15682 (8.96) 2674.20 (0.69)
BANKBARODA 13098 12150 (7.24) 854.45 1.16
CENTURYTEX 4650 4328 (6.92) 542.90 0.42
COLPAL 1059 989 (6.61) 1507.95 (1.07)
ICICIBANK 46618 43547 (6.59) 1420.60 (1.02)
Increase in Open Interest & Decrease in Price
Company Prev OI
Curr
OI
%Chg
OI
Curr
Price
%Chg
Price
ORIENTBANK 2323 2587 0.11 322.80 (0.03)
UBL 2260 2390 0.06 718.25 (0.01)
SRTRANSFIN 1638 1731 0.06 911.50 (0.02)
AMBUJACEM 3582 3758 0.05 223.85 (0.00)
HCLTECH 11523 12009 0.04 1429.25 (0.01)
Decrease in Open Interest & Increase in Price
Company Prev OI Curr OI
%Chg
OI
Curr
Price
%Chg
Price
BANKBARODA 13098 12150 -0.07 854.45 0.01
CENTURYTEX 4650 4328 -0.07 542.90 0.00
TATAPOWER 7740 7231 -0.07 105.70 0.02
ACC 6097 5702 -0.06 1486.90 0.01
HINDPETRO 8612 8137 -0.06 408.25 0.04
5. 5
Eastern Financiers Ltd.
EF Market Times
17th Jun 2014
Security Name Close R1 R2 R3 Pivot Supp 1 Supp 2 Supp 3
TATA MOTORS 430.85 436 442 446 433 427 424 420
TATA POWER COMP 105.65 109 111 116 104 101 96 91
TATA STEEL 524.60 532 539 549 522 515 505 495
TCS 2,269.75 2,294 2,319 2,361 2,252 2,228 2,185 2,143
TECH MAHINDRA 2,022.65 2,045 2,067 2,089 2,023 2,001 1,979 1,957
UNION BANK 226.95 234 241 250 225 218 209 200
UNITED SPIRITS 2,783.85 2,814 2,844 2,887 2,770 2,740 2,697 2,654
EASTERN FINANCIERS RESEARCH DESK
Rajesh Agarwal – Head of Research 033 – 4000 6823 rajesh.agarwal@easternfin.com
Sanjukta Majumdar – Sr. Research Analyst 033 – 4000 6824 sanjukta@easternfin.com
Disclaimer
Eastern Financiers Ltd. as a firm may have investment positions in the company shares discussed above. This document is meant for our
clients only and is not for public distribution. This material is for the personal information of the authorized recipient, and we are not
soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in
any jurisdiction where such an offer or solicitation would be illegal. The material is based upon information that we consider reliable, but
we do not represent that it is accurate or complete, and it should not be relied upon as such. Neither Eastern Financiers Ltd., nor any
person connected with it, accepts any liability arising from the use of this document. The recipient of this material should rely on their
own investigations and take their own professional advice. Opinions expressed are our current opinions as of the date appearing on this
material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory,
compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward looking
statements are not predictions and may be subject to change without notice. If you have any questions about this report please get in
touch with Eastern Financiers Ltd. 102, 104 & 210 ‘Lords’ , 7/1, Lord Sinha Road, Kolkata : 700 071, Phone - 033-4000 6800,
Email: research@easternfin.com Website: www.easternfin.com.
