1. India Market Summary for the week ended 20-12-2013
I Review of the Week
Market review for the week ended 20 December 2013
• Market during the week shrugs off Fed's decision to unwind stimulus.
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 market fell in three out of five trading sessions in the week just gone
by.
• Sensex garnered 1.75% to 21079.72 and Nifty garnered 1.71% to 6,274.25
for the week ended 20 December 2013.
• From 30-share Sensex pack, 26 stocks rose and only four fell in the week
ended Friday, 20 December 2013.

2. India Market Summary for the week ended 20-12-2013
Government Policies during the week
 SEBI on Thursday, 19 December 2013, said it has rationalized the periodic call
auction mechanism by modifying how it classifies illiquid stocks
 From now, stock exchanges will determine the number of call auction sessions for
illiquid stocks.
 The Reserve Bank of India (RBI) kept its main lending rate viz. the repo rate
unchanged at 7.75% after a monetary policy review on Wednesday, 18 December
2013, contrary to market expectations of a 25 basis point increase
Economic data
 Inflation based on the wholesale price index (WPI) to a 14-month high of 7.52% in
November 2013

3. Corporate Announcements
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Metal stocks rose on renewed buying. Hindalco Industries (up 0.29%), Sesa Sterlite (up 5.74%) and Tata Steel (up
0.59%) gained. Jindal Steel & Power dropped 3.54%.
Bank stocks were mixed. ICICI Bank gained 0.17%.
HDFC Bank dropped 3.65%. The stock was the biggest loser from the Sensex pack. The bank on Wednesday, 18
December 2013, said that it has filed an application with the Foreign Investment Promotion Board (FIPB) seeking
approval for increasing foreign shareholding limit in the bank in accordance with the now prevailing guidelines as
the total foreign shareholding in the bank (FII and FDI) has crossed 49%.
State Bank of India (SBI) rose 0.48%. A day after RBI governor Raghuram Rajan decided to hold rates, SBI on
Thursday, 19 December 2013, slashed home loan rates by up to 35 basis points for new borrowers and has unveiled
a further discount of 5 basis points for women customers.
HDFC shed 0.86%. The hoursing finance major on Thursday, 19 December 2013, announced a cut of up to 50 basis
points in home loan rates in its "special winter bonanza". The new rates for HDFC's home loans up to Rs 75 lakh
will be 10.25 per cent per annum. "This is a limited period offer and is valid for all new applications submitted
before 31 January 2014 and first disbursement taken by 28 February 2014," HDFC said in a statement.
Capital goods stocks edged higher. BHEL jumped 6.91%. The stock was the second biggest gainer from the Sensex
pack.
L&T rose 1.15%. L&T on Wednesday, 18 December 2013, said that the Power Transmission & Distribution
Business of L&T Construction has secured a major international EPC order valued at Rs 2935 crore from Qatar
General Electricity & Water Corporation for the supply, construction and commissioning of 18 EHV (extra high
voltage) substations and 151 km of EHV cabling in Qatar. The project is scheduled to be completed in 22 months.
Reliance Industries (RIL) rose 3.51%. As per reports, the government has allowed the company to charge higher
prices for gas from April after the company offered financial guarantees to the government to settle any claims
against it over a shortfall in its gas output.

4. Corporate Announcements
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Index heavyweight and cigarette major ITC rose 0.05%.
Coal India rose 0.25%. The state-run coal miner said that the company's board of directors approved an additional
10% increase on the notified price for subsidiaries other than Western Coalfields (WCL), applicable with effect
from 28 May 2013, on the existing notified price of non-coking coal of WCL of G-6 to G-17 bands with effect from
17 December 2013.
GAIL (India) rose 1.02%. ONGC advanced 1.37%. GAIL (India) on Friday, 20 December 2013, said that the
media reports on Thursday, 19 December 2013, indicating that the company had doubled margin on gas sourced
from ONGC are factually incorrect and does not reflect the issue in the right perspective. GAIL (India) clarified that
it is charging marketing margin on APM and non-APM gas at different rates.
IT stocks rose as the Federal Reserve's decision to slow the pace of its bond purchases boosted investor confidence
in the US economic recovery. The US is the biggest outsourcing market for Indian IT firms.
IT major Infosys rose 5.29% to Rs 3,552.30. Wipro gained 5.78% to Rs 548.95.
Tata Consultancy Services (TCS) rose 5.82%. TCS announced the launch of TCS Insurance Telematics Solution, a
mobile application that turns consumers' smartphones into mobile telematics devices.
Auto stocks edged higher on renewed buying. Tata Motors (up 0.76%), Mahindra & Mahindra (M&M) (up
2.23%) gained.
Shares of car maker Maruti Suzuki India hit record high as the Japanese yen touched its lowest level in more than
five years against the dollar
Shares of two wheeler makers rose. Bajaj Auto (up 0.76%) and Hero MotoCorp (up 3.12%) gained.
National Thermal Power Corporation (NTPC) fell 1.24%. The Ministry of Power on Wednesday, 18 December
2013, said that NTPC has tied up a fixed interest term loan facility for euro 55 million with KfW, the German
government developmental financial institution to part finance the capital expenditure on Electro Static Precipitators
and other selected packages of its Mouda Stage-II power project.

5. India Market Summary for the week ended 20-12-2013
Top Gainers and Losers of the week (NSE)
PRICE ON
HDFC BANK
JINDAL STEEL
KOTAK MAH. BANK
ULTRATECH CEMENT
GRASIM IND.
COMPANY
DLF LTD
BHEL
RANBAXY LAB
MARUTI SUZUKI
CIPLA
Dec 20, 2013
(Rs)
664.6
250.45
733.15
1,744.20
Dec 13, 2013
(Rs)
689.95
259.8
758.5
1,800.70
2,630.70
2,666.05
-1.30%
PRICE ON
COMPANY
PRICE ON
CHANGE
PRICE ON
CHANGE
Dec 20,
2013 (Rs)
162.9
166.15
454.9
1,809.65
401.75
Dec 13,
2013 (Rs)
150.9
154.6
423.7
1,689.60
376.7
(%)
-3.70%
-3.60%
-3.30%
-3.10%
(%)
8.00%
7.50%
7.40%
7.10%
6.60%

6. India Market Summary for the week ended 20-12-2013
II Forth coming week
Government policies / announcements
• Nil
Economic data
• Markit Economics will unveil HSBC India Manufacturing PMI, which
gauges the business activity of India's factories, for December 2013 on
2 Janaury 2014
• Markit Economics will unveil the result of a monthly survey on the
performance of India's services sector for December 2013 on 6 January
2014

7. India Market Summary for the week ended 20-12-2013
Market outlook
• Market may remain volatile ahead of F&O expiry. 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.
• Trend in investment by foreign institutional investors will be closely observed in the
near term after the Federal Open Market Committee (FOMC) after a two-day
monetary policy meeting on 18 December 2013, announced plans to cut US Federal
Reserve's monthly bond purchases to $75 billion from $85 billion, taking its first
step toward unwinding the unprecedented stimulus put in place to help the US
economy recover from the worst recession since the 1930s.
• The decision of the US central bank triggered fears of slowdown in inflow from
foreign institutional investors in India. Fed's bond-buying program had become a
source of funds for investment in Indian as well as other emerging markets in recent
years

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