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TRANSCRIPT
2016: Issue 531, Week: 13th - 16th June
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Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
FD Monitor 16
Insurance 17
Mutual Fund 18
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C G Road, Ahmedabad-380009, Gujarat
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Ph.: +91-11- 43035012, 43035014, Email: [email protected]
tock markets globally rallied as investors sensed that the major central bankers
over the globe would continue to be more accommodative. Recently World SBank has cut its growth projection for the world economy. Last week, weak job
report out of the U.S. too supported the sentiments as investors anticipated that the
U.S. Federal Reserve would delay the interest rate hike. During the end of the week,
European shares edged lower on concerns over the 23 June 2016 referendum that
could see Britain exit the European Union. Weak export data for the month of May out
of China suggested that the external demand remains weak. Japanese economy saw
annualized expansion of 1.9% for the quarter ended March 2016 higher than the initial
estimates of 1.7%. Bank of Japan is meeting on 16th June a day after U.S. Federal
Reserve decides if borrowing costs is to be raised. Federal Reserve Chair Jannet Yellen
speeches are closely watched as they are often used to drop hints regarding future
monetary policy.
Back at home, markets would keep a close vigil on the decision on “Brexit” and the US
central bank meeting. Investors will closely watch how the monsoon advances in the
country. The India Meteorological Department (IMD) on Wednesday, 8 June 2016,
announced the arrival of the monsoon rains in Kerala. Macroeconomic data, trends in
global markets, investment by foreign portfolio investors (FPIs) and domestic
institutional investors (DIIs), the movement of the rupee against the dollar and crude
oil price movement will dictate the market trend in the near term.
In the week gone by, commodities have given more than 25% return in 2016 so far. CRB
made a low of 155 in 2016 and hit 196 last week. Upside in energy, especially in crude,
some base metals and precious metals gave strength to the counter. Bullion counter is
expected to witness its upside momentum amid safe haven buying on fears of Britain
exit from Euro zone and on expectations that Fed will not hike interest rate in this
week meeting. Gold can trade in the range of 29500-30700 while silver can move in
the range of 39000-42000 levels in the near term. Crude oil prices can trade on a
volatile path as some profit booking can be seen after the recent stunning rise on
supply disruptions. New Yuan Loans, CPI of UK, Advance Retail Sales and CPI of US,
FOMC Rate Decision, BOJ Basic Balance Rate, Unemployment Rate of Australia, GDP of
Newzealand, Bank of England Rate Decision etc are some important events, which
may give direction to the commodity markets.
From The Desk Of Editor
(Saurabh Jain)
SMC Global Securities Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a further public offering of its equity shares and has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India (“SEBI”) and the Stock Exchanges. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of the Book Running Lead Manager i.e., ICICI Securities Limited at www.icicisecurities.com and the Co- Book Running Lead Manager i.e., Elara Capital (India) Private Limited at www.elaracapital.com . Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please see the section titled “Risk Factors” of the aforementioned offer document.
SMC Global Securities Ltd. (hereinafter referred to as “SMC”) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and its associate is member of MCX stock Exchange Limited. It is also registered as a Depository Participant with CDSL and NSDL. Its associates merchant banker and Portfolio Manager are registered with SEBI and NBFC registered with RBI. It also has registration with AMFI as a Mutual Fund Distributor.
SMC has applied with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014. SMC or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market.
SMC or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. SMC or its associates and relatives does not have any material conflict of interest. SMC or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and SMC has not been engaged in market making activity of the company covered by Analyst.
The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.
SMC does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.
NEWS
DOMESTIC NEWSEconomy• The Reserve Bank of India (RBI) in its second bi-monthly monetary policy
meeting, kept its benchmark interest rate viz. the repo rate unchanged at 6.5%. The central bank also kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4% of net demand and time liabilities (NDTL).
• According to the data released by the Society of Indian Automobile Manufacturers (SIAM), Domestic passenger car sales dipped marginally by 0.86% to 1,58,996 units in May from 1,60,371 units in the year-ago month. Motorcycle sales last month rose 3.34% to 9,85,158 units from 9,53,311 units a year earlier. Total two-wheeler sales in May rose 9.75% to 15,15,556 units. Sales of commercial vehicles rose 16.89% to 57,089 units in May.
Realty/ Construction• RPP Infra Projects has received one more additional order from the State of
Madhya Pradesh for Construction of Narsinghpur City Portion Road Length 5.70 km and Linga Bhourjhir Parguwan Road Length 25.68 km Total length of 31.38 km worth ̀ 45.4 crore. The said work is to be completed within 24 months.
• Godrej Properties announced its entry into the Greater Noida real estate market with announcement of its plan to develop a golf centric township in Sector 27, Greater Noida. This is the Company's first project in Greater Noida and seventh within the National Capital Region.
• Ramky Infrastructure has bagged orders worth `612.88 crore for road projects in Chhattisgarh and Punjab. The company got `263.34 crore order for rehabilitation and upgradation of NH-200 (New NH-49) from 178.94 km to 241.52 km in Chhattisgarh. Second order, which is of ̀ 298.80 crore, is also in Chhattisgarh, for rehabilitation and upgradation of NH-200 (New NH-49) from 241.55 km to 312.60 km.
Casting• Bharat Forge announced that its joint venture with GE, Alstom Bharat Forge
Power has signed a contract worth $219 million approximately (`1495 crore) with NTPC.
Pharmaceutical• Sun Pharmaceutical Industries is ramping up its over the counter business
(OTC) with a focus on dermatology segment. On Wednesday India's largest drug maker relaunched its sunscreen brand 'Suncros' as an over the counter product. The product is currently sold as a prescription product and now will be sold through both prescription and OTC mode.
Trading• Adani Enterprises is in the process of setting up a copper smelter project
with a capacity of one million tonnes per annum at an investment of ̀ 10,000 crore at Adani Port Special Economic Zone (APSEZ) in Gujarat.
Power• NTPC signed an agreement with South Western Railway for doubling of the
Hotgi-Kudgi rail section. The project is to be completed by March 2020.Gems & Jewellery• Rajesh Exports has bagged export order worth `653 crore of designer range
of gold and diamond studded jewellery and medallions from Singapore. The order is to be completed by 30 September 2016.
INTERNATIONAL NEWS• US productivity dropped by 0.6 percent in the first quarter compared to the
1.0 percent decrease initially reported. The revised decrease matched economist estimates.
• US factory orders surged up by 1.9 percent in April after climbing by an upwardly revised 1.7 percent in March. The continued increase in orders matched economist estimates.
• US trade deficit widened to $37.4 billion in April from a revised $35.5 billion in March. The deficit had been expected to widen to $41.0 billion from the $40.4 billion originally reported for the previous month.
• China consumer prices gained 2 percent in May from last year, while it was forecast to remain unchanged at 2.3 percent seen in April. It continues to remain below the full-year target of 3 percent.
• Core machine orders in Japan plummeted 11.0 percent on month in April, the Cabinet Office said - coming in at 796.3 billion yen. That missed forecasts for a decline of 3.4 percent following the 5.5 percent increase in March.
• Producer prices in Japan were up 0.2 percent on month in May. That exceeded expectations for a flat reading following the downwardly revised 0.4 percent contraction in April (originally -0.3 percent). On a yearly basis, prices fell 4.2 percent - matching forecasts and unchanged from the previous month.
• The M2 money stock in Japan was up 3.4 percent on year in May, the Bank of Japan said - coming in at 937.9 trillion yen. That beat forecasts for 3.3 percent, which would have been unchanged from the April reading. The M3 money stock added 2.8 percent on year to 1,256.3 trillion yen - also topping expectations for 2.7 percent, which would have been unchanged from the previous month.
Ex-Date Company Purpose
14-Jun-16 Kansai Nerolac Paints Final Dividend Rs 1.80/- + Special Dividend Rs 1.25/- Per Share
15-Jun-16 Sterlite Technologies Sheme Of Arrangement
15-Jun-16 Oriental Bank of
Commerce Dividend Re 0.70 Per Share
15-Jun-16 Bharti Infratel Buy-Back Of Shares
16-Jun-16 ICICI Bank Dividend - Rs 5/- Per Share
16-Jun-16 UPL Dividend - Rs 5/- Per Share
16-Jun-16 Asian Paints Dividend - Rs 5.30/- Per Share
17-Jun-16 Union Bank of India Dividend - Rs 1.95/- Per Share
20-Jun-16 Punjab & Sind Bank Dividend- Rs 1.65/- Per Share
22-Jun-16 Hindustan Unilever Dividend - Rs 9.50 Per Share
22-Jun-16 Biocon Annual General Meeting
23-Jun-16 Welspun India Dividend - Re 0.05/- Per Share
23-Jun-16 Punjab National Bank Annual General Meeting
23-Jun-16 Vedanta Annual General Meeting
24-Jun-16 Ajanta Pharma Annual General Meeting
29-Jun-16 Dabur India Dividend - Re 1/- Per Share
29-Jun-16 HDFC Bank Dividend - Rs 9.50/- Per Share
29-Jun-16 Havells India Dividend -Rs 3/- Per Share
30-Jun-16 The South Indian Bank Dividend - Re 0.50/- Per Share
Meeting Date Company Purpose
13-Jun-16 Rajesh Exports Acquisition
14-Jun-16 kwality Preferential issue
14-Jun-16 Opto Circuits (India) Results
16-Jun-16 Kajaria Ceramics Stock split
23-Jun-16 Sun Pharmaceuticals
Industries Buyback
28-Jun-16 Atlas Cycles (Haryana) Results
FORTHCOMING EVENTS
NOTES:1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name
of "Morning Mantra ".2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength
coming into the stock. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.
TREND SHEET
Stocks *Closing Trend Date Rate SUPPORT RESISTANCE Closing
Price Trend Trend
Changed Changed
S&P BSE SENSEX 26636 UP 13.04.16 25627 25200 24700
NIFTY50 8170 UP 13.04.16 7850 7750 7550
NIFTY IT 11229 UP 23.03.16 11207 10900 10700
NIFTY BANK 17829 UP 18.03.16 15655 16400 16000
ACC 1556 UP 18.03.16 1337 1530 1490
BHARTIAIRTEL 351 UP 04.03.16 332 340 330
BHEL 124 DOWN 13.08.15 259 125 135
CIPLA 476 DOWN 03.09.15 691 530 560
DLF 134 UP 04.03.16 108 120 115
HINDALCO 115 UP 11.03.16 84 100 95
ICICI BANK 253 UP 10.06.16 253 235 230
INFOSYS 1181 UP 04.03.16 1173 1180 1150
ITC 351 UP 18.03.16 325 330 320
L&T 1488 UP 22.04.16 1265 1340 1320
MARUTI 4112 UP 20.05.16 3927 3900 3800
NTPC 151 UP 13.04.16 137 140 135
ONGC 218 DOWN 17.10.14 397 225 235
RELIANCE 977 DOWN 29.04.16 983 1000 1020
TATASTEEL 334 UP 04.03.16 289 315 300
S/l
4
®
Closing as on 10-06-2016
BSE SENSEX GAINERS & LOSERS TOP (% Change) NSE NIFTY GAINERS TOP & LOSERS (% Change)
SECTORAL INDICES (% Change)
SMC Trend
FMCGHealthcare
Auto BankRealty
Cap GoodsCons Durable
Oil & GasPower
ITMetal
Down SidewaysUp
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
5
®
SMC Trend
Nifty Sensex BSE Midcap BSE Smallcap Nifty Junior S&P CNX 500
SMC Trend
FTSE 100CAC 40
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
-154.20-31.30
1611.80
65.21
543.06 540.58
92.50
-123.70-400.00
-200.00
0.00
200.00
400.00
600.00
800.00
1000.00
1200.00
1400.00
1600.00
1800.00
Friday Monday Tuesday Wednesday Thursday
FII / FPI Activity MF Activity
6.87
4.473.82
3.182.82
-6.40
-2.79 -2.54-2.04 -2.03
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
St Bk of India ICICI Bank O N G C Cipla Tata Motors Infosys Dr Reddy's Labs
Asian Paints Bharti Airtel TCS
6.796.31
5.97
5.074.43
-6.43
-4.67
-3.13 -2.82 -2.58
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
St Bk of India Bank of Baroda
UltraTech Cem.
Hindalco Inds. ICICI Bank Infosys Aurobindo Pharma
Tech Mahindra
Dr Reddy's Labs
Asian Paints
-0.21-0.30
0.24
2.12
0.10 0.19
-0.50
0.00
0.50
1.00
1.50
2.00
2.50
Nifty Sensex BSE Midcap BSE Smallcap
Nifty Next 50
S&P CNX 500
-0.14
-0.83
-3.12
0.39
1.40
2.67
0.80
2.99
0.75
2.712.90
-4.00
-3.00
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
Auto Index Bankex Cap Goods Index
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index
Power Index Realty Index
0.33
1.00
0.78
0.16
1.23
1.67
-0.39
0.36
-0.37-0.50
0.00
0.50
1.00
1.50
2.00
Nasdaq Comp. Dow Jones S&P 500 Nikkei Strait Times Hang Seng Shanghai Comp.
FTSE 100 CAC 40
Nasdaq Comp.
Dow Jones
S&P 500
Nikkei
Strait Times
Hang Seng
Shanghai Comp.
FTSE 100
CAC 40
INSTITUTIONAL ACTIVITY (Equity) (` Crore)
Closing as on 21.10.15
Beat the street - Fundamental Analysis
Above calls are recommended with a time horizon of 8 to 10 months. Source: Company Website Reuters Capitaline
6
®
RALLIS INDIA LIMITED CMP: 215.6 Upside: 23%Target Price: 266.00
Investment Rationale cotton and vegetables.
�Rallis India Limited manufactures and markets �Rallis india Dahej plant has finally received
agri inputs. It offers crop protection products, contracts from 2 MNC companies to do some pilot
such as insecticides, fungicides, and herbicides; testing and running. The management of the
seed treatment chemicals; hybrid rice, maize and company is confident of ensuring the commercial
vegetable seeds; and plant growth nutrients. It also production of Dahej in FY'17 mostly in H2 FY'17.
provides household products and Hippo, a The company has received all the regulatory
household insecticide. It exports its products to approvals for the same.
approximately 70 countries. Rallis India Limited Valuationoperates as a subsidiary of Tata Chemicals Limited. Continued focus on quality of operations helped the
�The company is nearly a debt free company and company to hold on to the margins and has working capital has improved significantly. As of significantly improved its working capital situation. now it has no plans on surplus cash that would With emphasis on cash, the company is now to a near accrue in next couple of years. It has options on zero debt status. The forecast for normal monsoon organic and inorganic growth as well as giving augurs well for coming Kharif season Thus, it is back to the shareholders. expected that the stock will see a price target of ̀ 266
�Moreover, the management of the company in 8 to 10 months time frame on a Current P/E of
expects a good FY'17, given the above normal 29.80x and FY17 (E) earnings of ̀ 8.91.
estimate of monsoon by the IMD and also expects
lower inventory levels, new products and a lower
base, things should improve from current level.
�The company had launched around 6 new
products in last 12-15 months and another 3 new
were planned for FY'17.
�During the Mar'16 quarter, it has completed the
100% acquisition of Metahelix. Total consideration
paid for the acquisition over past 5 years stood at
around Rs 240 crore. Metahelix reported net sales
of around Rs 334 crore up by around 8% YoY, which
would improve market share in paddy, millets,
Face Value (`) 1.00
52 Week High/Low 273.80/142.00
M.Cap (`Cr.) 4192.75
EPS (`) 7.35
P/E Ratio (times) 29.31
P/B Ratio (times) 4.66
Dividend Yield (%) 1.16
Stock Exchange BSE
% OF SHARE HOLDING
P/E Chart
` in cr
Actual EstimateFY Mar-15 FY Mar-16 FY Mar-17
REVENUE 1,800.80 1,611.60 1,910.60
EBITDA 277.10 230.50 286.80
EBIT 227.60 185.60 239.30
NET INCOME 157.20 143.00 173.40
EPS 8.08 7.35 8.91
BVPS 41.88 46.23 52.28
ROE 20.50 16.70 17.80
VALUE PARAMETERS
Investment Rationale and layout of each of them, to increase the efficiency and effectiveness of its production •Motherson Sumi Systems Limited (MSSL) is one of systems for the coming years.the world's fastest growing specialised
automotive component manufactur ing •The company has reported a strong numbers for companies for original equipment manufacturers the year ended March 2016 on a consolidated (OEMs). It is the flagship company of the basis. Consolidated net profit rose 48% yoy to Samvardhana Motherson Group. `1273.74 crore. Pre-minority interest PAT rose 36%
at `1756.29 crore. Consolidated revenue grew by •On expansion plans, the management has said 10% to `38,676.92 crore during the year. that 20 new plants will be operational by FY19. It International sales accounted for almost 85% of is expected that these plants couple with product the year's revenues.mix would give benefit to the company in the long
run. The company's total capex plan stands at Rs Valuation1500 – 2000 crore out of which, India capex is The company has strengthened its foundations, in around ̀ 200 crore. this first year of its 5th five - year plan for 2020.
•Recently, the company has raised $300 million Consolidated results as well as standalone, its (`2,000 crore) via a global bond sale, in part to subsidiaries results show that MSSL is on strong support its expansion in North America. The unit, footing. Growth is strong and operational Samvardhana Motherson Automotive Systems improvements are paying off. Thus, it is expected Group, priced the 5.5-year senior secured notes that the stock will see a price target of ̀ 404 in 8 to 10 at 4.875% a year. The bond will mature in months time frame on a target P/E of 30x and FY17 December 2021. (E) earnings of ̀ 13.47.
•With a diverse global customer base comprising of almost all the leading automobile manufacturers globally, the company has a presence in 25 countries across six continents. MSSL is currently the largest auto ancillary in India and also ranked 55th in global auto component suppliers.
•The company also has updated on 17 plants commissioned around the world, across its major product verticals, out of which 7 have been completed and according to management, the new plant commissions are all close to the facilities of its customers, increasing ability to support client wherever required. It is making many improvements in the design, construction
P/E Chart
MOTHERSON SUMI LIMITED CMP: 289.85 Upside: 39%Target Price: 404.00
Face Value (`) 1.00
52 Week High/Low 395.85/206.20
M.Cap (`Cr.) 38343.65
EPS (`) 9.19
P/E Ratio (times) 31.53
P/B Ratio (times) 11.57
Dividend Yield (%) 0.86
Stock Exchange BSE
` in cr
% OF SHARE HOLDING
VALUE PARAMETERS
Actual EstimateFY Mar-15 FY Mar-16 FY Mar-17
REVENUE 34,490.30 38,033.50 45,166.20
EBITDA 3,202.70 3,736.00 4,654.40
EBIT 2,282.00 2,600.30 3,498.90
PRE-TAX PROFIT 1,981.90 2,368.90 3,254.00
NET INCOME 862.50 1,273.70 1,702.30
EPS 6.52 9.63 13.47
ROE (%) 32.70 34.40 35.20
18.025.79
2.89
65.61
7.7
Foreign
Institutions
Non Promoter Corporate Holding
Promoters
Public & Others
7.5712.21
6.650.41
50.09
23.07
Foreign
Institutions
Non Promoter Corporate Holding
Govt Holding
Promoters
Public & Others
Charts by Spider Software India Ltd
7
EQUITY
Above calls are recommended with a time horizon of 1-2 months
Disclaimer : The analyst and its affiliates companies make no representation or warranty in relation to the accuracy, completeness or reliability of the information contained in its research. The analysis contained in the analyst research is based on numerous assumptions. Different assumptions could result in materially different results.The analyst, not any of its affiliated companies, not any of their members, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of the analysis research.
SOURCE: CAPITAL LINE
®
The stock closed at ̀ 565.05 on 10thJune 2016. It made a 52-week low at ̀ 404.50
on 12th February 2016 and a 52-week high at ̀ 624.30 on 20thJuly 2015. The 200
days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at ̀ 521.91.
After making 52 week low of 404 levels, it rebounded sharply and formed
Inverted head and shoulder pattern which is bullish in nature. Moreover it
managed to sustain above its 200EMA which acts as a support and rallied further
with three percent gains last week which shows its bullishness. One can buy in
the range of 555-560 levels for the target of 590-600 levels with SL of 540 levels.
CESC Limited
The stock closed at `177.20 on 10th June 2016. It made a 52-week low at
`101.40 on 15th June 2015 and a 52-week high of ̀ 188.20 on 23rd October 2015.
The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is
currently at ̀ 152.95.
As we can see on the charts, it has formed V pattern which is bullish in nature
and moreover in last few weeks it managed to sustain on a higher note despite of
weakness in the broader index which indicate its potential to remain upwards in
the near term. One can buy in the range of 174-176 levels for the target of 190-
192 levels with strict SL of 167 levels.
Escorts Limited
DERIVATIVES
CHANGE IN NIFTY OPTION OI (IN QTY)
WEEKLY VIEW OF THE MARKET
NIFTY OPTION OI CONCENTRATION (IN QTY)
CHANGE IN BANKNIFTY OPTION OI (IN QTY)BANKNIFTY OPTION OI CONCENTRATION (IN QTY)
®
With most of sectors trading above their short term averages, it indicates correction in uptrend. Nifty Index remained range bound between 8300-8100 levels
with outperformance by midcaps. FII remained buyer in F&O segment and every dip was used to create long. Hereafter, the range of 8300-8100 levels will remain
crucial in the near term, and the move is expected to remain positive, as indicated by option open interest concentration. If Nifty break above the 8240 mark
again, it could reach 8400 levels on the back of further buying and short covering. On correction the index will face strong support at 8100-8050 levels. The put-
call ratio of open interest closed up at 1.30 levels indicating OTM call writing. The options open interest concentration remained at the 8300-strike call with the
open interest of above 56 lakh shares; this is followed by 8400-strike call with open interest of 50 lakhs. Among the put options, the 8000-strike taking the total
open interest to 70 lakh shares, with the highest open interest among put options followed by 8100-strike put with total open interest of 68 lakh shares. The
Implied Volatility (IV) of call options moved up to 13.89%, while the average IV of put options closed at 13.99%. The VIX index moved slightly up to 15.67% from
15.36%. For coming week, Nifty index is likely to remain under some pressure because of coming Fed meeting & broader profit booking but stock specific move
will remain in action on the back of positive undertone in market. It is advised to follow buy on dip strategy with stop loss of 8050 level in Nifty.
In lakhs
In 10000 In 10000
ACC (JUN FUTURE)
Buy: Above `1560
Target: `1620
Stop loss: `1530
UPL
Buy JUN 560. PUT 10.00
Sell JUN 540. PUT 5.00
Lot size: 1000
BEP: 555.00
Max. Profit: 15000.00 (15.00*1000)
Max. Loss: 5000.00 (5.00*1000)
OPTIONSTRATEGY
FUTURE
HINDALCO
Buy JUN 120. CALL 2.25
Sell JUN 125. CALL 1.00
Lot size: 5000
BEP: 121.25
Max. Profit: 18750.00 (3.75*5000)
Max. Loss: 6250.00 (1.25*5000)
JUBLFOOD
Buy JUN 1000. PUT 30.00
Sell JUN 950. PUT 15.00
Lot size: 300
BEP: 985.00
Max. Profit: 10500.00 (35.00*300)
Max. Loss: 4500.00 (15.00*300)
DERIVATIVE STRATEGIES
EXIDEIND (JUN FUTURE)
Sell: Below `156
Target: `150
Stop loss: `159
BRITANNIA (JUN FUTURE)
Sell: Below `2720
Target: `2630
Stop loss: `2765
BULLISH STRATEGY BEARISH STRATEGY
Call Put
16
.38
6.2
5
5.8
0 10
.56
8.0
6
23
.58
19
.79
30
.86
51
.90
49
.50
44
.26
35
.23
35
.55
25
.63 31
.40
33
.48
65
.87
66
.20
34
.98
20
.26
10
.12
7.5
8
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
7000 7500 7700 7800 7900 8000 8100 8200 8300 8400 8500
Call Put
-2.8
2
-1.1
6
-1.2
9
-0.7
0
-1.9
4
-2.3
3
-1.4
4
1.0
1
7.3
2
4.5
5
1.9
83.8
1
4.1
3
-1.7
5
-4.2
5
-7.5
3
4.8
4
18
.60
11
.46
4.3
3
4.0
4
-1.1
0
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
7000 7500 7700 7800 7900 8000 8100 8200 8300 8400 8500
Call Put
5.3
2
2.7
6
2.5
1
5.2
7
8.4
0
0.5
0
16
.49
19
.43
54
.88
8.7
4
40
.52
4.6
0 8.1
9
20
.75
25
.39
29
.56
8.2
7
61
.92
25
.61
9.8
9
0.0
7
1.7
3
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
14000 15000 15500 16000 16500 16800 17000 17500 18000 18200 18500
Call Put
-0.1
0
0.0
0
-0.2
9
-0.1
2
-0.4
6
-0.2
4
-0.7
7
-6.1
8
7.7
6
0.8
6
2.7
4
-0.1
8
-1.2
6
0.2
3
0.3
6
-2.3
5
-0.1
4
9.0
2
9.0
3
4.2
4
0.0
6
0.2
8
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
14000 15000 15500 16000 16500 16800 17000 17500 18000 18200 18500
8
In lakhs
9
DERIVATIVES
®
FII’s ACTIVITY IN DERIVATIVE SEGMENT
SENTIMENT INDICATOR (NIFTY)
09-Jun 08-Jun 07-Jun 06-Jun 03-Jun
Discount/Premium 25.75 11.15 16.70 28.75 18.10
PCR(OI) 1.30 1.31 1.22 1.19 1.19
PCR(VOL) 1.12 1.24 1.11 1.09 1.09
A/D RATIO(Nifty 50) 1.00 1.50 4.56 1.00 0.58
A/D RATIO(All FO Stock)* 0.76 1.89 3.22 0.99 0.37
Implied Volatality 13.89 13.36 12.97 13.71 13.30
VIX 15.67 15.14 14.87 15.36 15.36
HISTORY. VOL 16.17 16.37 16.89 17.14 17.67
*All Future Stock
SENTIMENT INDICATOR (BANKNIFTY)
09-Jun 08-Jun 07-Jun 06-Jun0 3 -
JunDiscount/Premium -44.35 -48.85 -54.75 0.05 -24.95
PCR(OI) 1.28 1.27 1.26 1.19 1.13
PCR(VOL) 1.25 1.05 1.19 1.24 1.29
A/D RATIO(BANKNIFTY) 1.00 2.00 3.00 2.00 0.50
#A/D RATIO 2.50 4.25 4.25 4.25 0.24
Implied Volatality 17.97 18.15 17.97 19.70 19.47
HISTORY. VOL 21.30 21.91 22.59 22.12 22.81
FII’S ACTIVITY IN NIFTY FUTURE
**The highest call open interest acts as resistance and highest put open interest acts as support.# Price rise with rise in open interest suggests long buildup | Price fall with rise in open interest suggests short buildup # Price fall with fall in open interest suggests long unwinding | Price rise with fall in open interest suggests short covering
# All BANKING Future Stock
Top 10 short build up
In Cr. In Cr.
Top 10 long build up
LTP % Price Change Open interest %OI Chng
JSWENERGY 78.8 13.30% 12252000 54.46%
MCLEODRUSS 187.5 2.77% 2849000 36.32%
IGL 575.95 1.39% 1585100 22.02%
KPIT 179.55 1.79% 1164000 21.25%
UCOBANK 36.95 10.30% 10050000 19.93%
M&M 1381.65 1.43% 4873200 11.55%
BIOCON 725.55 2.41% 3306600 9.07%
DHFL 213.1 7.38% 8382000 9.04%
ICIL 935.3 2.29% 431000 8.56%
KTKBANK 135.6 7.15% 14168000 7.79%
LTP % Price Change Open interest %OI Chng
INFRATEL 376.9 -2.32% 4591600 14.42%
GLENMARK 773.65 -5.24% 3527500 14.29%
LUPIN 1435.3 -1.70% 5895300 10.07%
HDFCBANK 1160.5 -1.24% 29822000 9.48%
TVSMOTOR 291.5 -2.49% 5822000 9.23%
HEROMOTOCO 3083.9 -1.58% 917000 8.78%
INFY 1192.35 -5.41% 12858000 8.39%
IOC 417.9 -2.07% 8407200 5.12%
MINDTREE 641.65 -1.62% 1544000 5.01%
BAJAJ-AUTO 2605.3 -1.66% 1478800 4.29%
23
48
55
6
59
9
- 28
7 - 15
9
31
9 51
7
25
7
- 20
4
69
8
-500
0
500
1000
1500
2000
2500
27-May 30-May 31-May 01-Jun 02-Jun 03-Jun 06-Jun 07-Jun 08-Jun 09-Jun
52
02
15
08
23
2 67
4
2
43
7
- 20
5
15
8
12
94
89
3
-1000
0
1000
2000
3000
4000
5000
6000
27-May 30-May 31-May 01-Jun 02-Jun 03-Jun 06-Jun 07-Jun 08-Jun 09-Jun
10
®
Turmeric futures (July) is expected to witness an upside momentum & test 8450-8500 levels. The North India based buyers are seen active in the spot market to fulfill their demand as supplies are getting restricted at the spot markets ahead of monsoon. The demand for the yellow spice from traders and stockists will pick up in coming months as exports gather pace during June-July. However, it would depend on monsoon and its distribution as June-July is the sowing period for this rhizomatous herbaceous perennial plant of the ginger family. Cardamom futures (July) is likely to trade with a downside bias & there is possibility that the counter may fall towards 800-790 levels in days to come. Recently, Indian export prospects of cardamom to European Union and Gulf countries have suffered a setback with the detection of artificial colours added to the product. The Spices Board of India has issued a note to the pooling centres to keep vigil on artificial colours as it would negatively impact on its export prospects and internal market. Jeera futures (July) is likely to maintain its upside bias & can touch 17400 levels, taking support near 16430 levels. In the current scenario, fresh buying is witnessed in the spot market & the traders are offering higher rates to the producers to attract them to bring cumin seed in the trading terminals. The stockists are active as they are very optimistic in this commodity and targeting higher prices this season due to lower crop of 45 lakh bags (55kg each) while opening stocks is projected at 5-7 lakh bags, which makes the total availability at 50-52 lakh bags, while the total consumption is estimated at 50-55 lakh bags.
SPICES
Soybean futures (July) is likely to consolidate in the broader range of 3850-3970 levels. In the current scenario, there is de-coupling happening in comparison with soybean prices on the international market. On CBOT, the U.S. soybeans are trading close to a two-year top as the market was buoyed by forecasts of a dry growing season in the United States. Forecast for dry weather due to a La Nina weather pattern across key U.S. soybean growing regions has been supporting prices. Whereas, back at home, soybean prices are quoting 7 week low due to its bearish fundamentals of historic low oil meal exports. The oilmeals from Argentina and US works out to be cheaper as supplies from these countries stands $100-150 lower than that from India. The market participants would remain cautious ahead of world agricultural supply and demand estimates report by U.S Department of Agriculture on June 10th. Mustard futures (July) is expected to gains for the second consecutive week towards 4750-4800 levels. The market participants are focused on monsoon arrival, which will revive demand for oil and demand from pickle industry & the push up the prices. Refined soy oil futures (July) is expected to trade with an upside bias & trade in the range of 650-665 levels. The edible oil counters are attracting positive cues from higher prices of U.S soy oil futures amid weaker dollar and ongoing supply worry from South America. CPO futures (June) might witness a consolidation in the range of 520-540 levels. The counter may track bearish sentiments of Malaysian palm oil, which is witnessing declines tracking a stronger ringgit.
OIL AND OILSEEDS
OTHER COMMODITIES
The bull-run in chana futures (July) is expected to stay & the upside can get extended towards 7000-7200 levels. The supportive fundamentals are improved buying and negligible stocks. Arrivals of new chana are lower than expected in Madhya Pradesh and Rajasthan. Kapas futures (April) may take support near 900 levels & maintain its upside bias. The fundamentals attached to cotton market, both in domestic & international markets give an optimistic outlook. As cited by the International Cotton Advisory Committee, cotton consumption in India is expected to rise by 4% to 5.4 million tons in 2016/17 due to favorable textile export policies, well integrated downstream industries and competitive prices. On ICE exchange, Cotton futures at 65.96 cents per lb are quoting near to its highest in over nine months on concerns over the crop because of rains and flooding in the southeastern United States. The upside price movement seen in sugar futures (July) may not continue this week as the counter is likely to face resistance near 3700 levels. The reason being is declining open interest of 27.50% over past five weeks. Technically, decrease in open interest along with an increase in price mostly indicates short covering. Fundamentally, as far as export demand is concerned, the sugar mills are not getting interested to book deal overseas because the government has asked the sugar mills to meet domestic demand first. Moreover, there is news that the central government could impose a customs duty of 25% on export of sugar to keep a check on the outflow of the sweetener from the country as on the international market, raw sugar prices inched up to the highest in more than 2-1/2 years.
Bullion counter is expected to witness its upside momentum amid safe haven buying on fears of Britain exit from Euro zone and on expectations that fed will not hike interest rate in this week meeting. Meanwhile SPDR gold trust holdings and physical demand is likely to give further direction to the prices. Recently increase in investment demand has supported its prices. Meanwhile local currency rupee can also affect the prices which can move in the range of 66-68 in MCX. Gold can trade in the range of 29500-30700 while silver can move in the range of 39000-42000 in near term. Investors are keenly awaiting the outcome of a scheduled two-day Fed meeting on 14th and 15th June. Doubts are growing that U.S. policymakers will raise interest rates soon after Fed chief Janet Yellen stated last week that many lingering uncertainties mean it's unclear when the Fed should resume raising rates. Meanwhile investors are also avoiding risk as polls suggest growing support for Britain to quit the European Union ahead of a June 23 referendum on the issue. The uncertainty over how a so-called "Brexit" might affect financial markets is driving investors into safer assets like gold. The impact is likely to be limited, however, with the agreement's narrow scope meaning that Chinese smelters are unlikely to be deterred from raising output to capitalise on prices. Gold physical demand in the country has remained muted over the past several months. The jewellers' strike in protest against 1% excise tax on gold ornaments had affected sales during the entire month of March and part of April.
BULLIONS
Crude oil prices can trade on volatile path as some profit booking can be seen after the recent stunning rise in past few months on supply disruptions and improved demand outlook have lifted the prices higher. Overall it can move in the range of 3200-3600 in MCX. Continuous threats by militants against Nigeria's oil industry and fear of more security incidents that could hit supplies worldwide can cap the downside. Meanwhile crude oil can come under pressure in coming weeks as Canadian supplies return after last month's wildfires in Alberta's oil sands region and other oil imports grow to slow use in U.S. crude stockpiles. U.S. crude stockpiles, the Cushing, Oklahoma delivery base for WTI futures saw a drop of just around 300,000 barrels in the week to June 7, versus a decline of more than 500,000 barrels the previous week. While total U.S. crude inventories fell in the penultimate week, gasoline stockpiles rose, indicating a potential impending glut in the fuel despite peak driving demand. Natural gas may trade on upside path as it can test 185 in MCX on strong demand and hot weather concerns in US. Natural gas has now bounced 58% after sniffing around near the all-time lows. Summer is one of the most volatile periods for natural gas with the combination of heat waves, hurricanes and potential weather pattern shifts such as La Nina. June 1 marked the official start of the Atlantic hurricane season. Storms in the Atlantic can impact natural-gas production in the Gulf of Mexico, though the impact of storms in the region has diminished in recent years following the rise of U.S. shale production.
ENERGY COMPLEX
Base metal counter may remain downbeat on rising euro zone and China slowdown concerns. China trade data recently also pressurized the base metal counter. China's exports weakened in May, signaling external demand still isn't giving a sustained boost to growth in the world's biggest trading nation. Overseas shipments fell 4.1 percent in dollar terms from a year earlier. Copper may move in the range of 290-320. China's copper imports jumped 19.4 percent from the same month a year ago to 430,000 tonnes in May. Lead can hover in the range of 110-118. Zinc can move in the range of 130-142. Recently zinc prices climbed to a new 10-month peak on persistent concerns about declining supplies. Zinc LME warehouse inventories have slid 24 percent since mid-February to 379,875 tonnes, the lowest since July 2009. The International Lead and Zinc Study Group (ILZSG), for instance, estimates that zinc mine output outside of China contracted by 9.5 percent in the ? rst quarter. Aluminum can move in the range of 100-108. News last month that China has agreed to eliminate export subsidies on some materials and metals raised expectations of a slowdown in the massive flow of semi-fabricated aluminium products into Western markets. Top aluminium producers have offered Japanese buyers premiums of $100-110 per tonne for July-September primary metal shipments, down 4-15 percent from the previous quarter. Nickel may remain in the range of 565-625. Union workers at Colombia's Cerro Matoso mine, one of the world's largest producers of ferronickel, will begin an inde? nite strike on June 14.
BASE METALS
11
TECHNICAL RECOMMENDATIONS
COMMODITY
MENTHA OIL MCX (JULY) contract closed at ̀ 860.30 on 9th June'16. The contract made its high of 966
on 25 Feb'16 and a low of ̀ 815 on 8th Apr'15. The 18-day Exponential Moving Average of the commodity
is currently at ̀ 869.57.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 49. One can buy in the
range of ̀ 860-850 with the stop loss of ̀ 820 for a target of ̀ 900.
`
CORIANDER NCDEX (JULY) contract closed at 6906 on 09th June'16. The contract made its high of
`7491 on 16th May'16 and a low of ̀ 6432 on 25th Feb'16. The 18-day Exponential Moving Average of the
commodity is currently at ̀ 6994.6.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 44. One can buy in the
range of ̀ 6800-6700 with the stop loss of ̀ 6600 for a target of ̀ 7100.
`
JEERA NCDEX (JULY) contract closed at 16640 on 09th June'16. The contract made its high of 18190
on 2nd May'16 and a low of `15830 on 2nd June'16. The 18-day Exponential Moving Average of the
commodity is currently at ̀ 16587.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 46. One can buy in the
range of ̀ 16400-16300 with the stop loss of ̀ 16000 for a target of ̀ 17200.
` `
®
MENTHA OIL MCX (JULY)
CORIANDER NCDEX (JULY)
JEERA NCDEX (JULY)
NOTES : 1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities (Morning Mantra).
2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.
EXCHANGE COMMODITY CONTRACT CLOSING DATE TREND TREND RATE TREND SUPPORT RESISTANCE CLOSING
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN JULY 3903.00 12.05.16 Down 4037.00 4050.00 4100.00
NCDEX JEERA JULY 16640.00 12.05.16 Sideways
NCDEX CHANA JULY 6796.00 04.04.16 Up 4871.00 6400.00 6300.00
NCDEX RM SEEDS JULY 4666.00 09.06.16 Up 4666.00 4500.00 4400.00
MCX MENTHA OIL JUNE 849.90 19.05.16 Up 890.40 840.00 830.00
MCX CARDAMOM JULY 833.90 22.03.16 UP 738.80 800.00 - 780.00
MCX SILVER JULY 40909.00 09.06.16 UP 40909.00 38000.00 - 37000.00
MCX GOLD AUG 29937.00 26.05.16 Down 28738.00 29980.00 30000.00
MCX COPPER JUNE 301.70 05.05.16 Down 318.90 - 315.00 320.00
MCX LEAD JUNE 114.20 07.04.16 Down 114.05 - 116.00 118.00
MCX ZINC JUNE 138.10 03.03.16 UP 123.85 130.00 - 128.00
MCX NICKEL JUNE 598.30 28.04.16 Sideways
MCX ALUMINUM JUNE 105.20 12.05.16 Down 103.20 108.00 - 110.00
MCX CRUDE OIL JULY 3431.00 12.04.16 Up 2889.00 3200.00 - 3100.00
MCX NATURAL GAS JUNE 175.00 17.03.16 Up 133.40 160.00 - 155.00
TREND SHEET
*Closing as on 09.06.16
COMMODITY
NEWS DIGEST
Commodities have given more than 25% return in 2016 so far. CRB made a low of 155 in 2016 and
hit 196 last week. Upside in energy, especially in crude, some base metals and precious metals
gave strength to the counter. Federal Reserve chair Janet Yellen, who gave little indication
about the timing of U.S. rate increases, augmented commodities prices. Dollar index fell
below 93.5 from 96 in few trading sessions. Some base metals nosedived on GDP revision news
by World Bank. The World Bank cut its outlook for global growth as business spending sags in
advanced economies including the U.S., while commodity exporters in emerging markets
struggle to adjust to low prices. World gross domestic product will grow by 2.4% this year, an
“insipid” pace that's unchanged from 2015 and down from the 2.9% estimated in January. In
base metals, copper and lead moved down whereas nickel, aluminium and zinc prices
augmented. Gold rose sharply for the second week in a row as the pace of hiring by U.S.
employers in April decelerated to a two-year low in April, pushing the dollar down to fresh
monthly lows and potentially lower the probability of a summer interest rate hike from the
Federal Reserve. These days even mining companies are doing better. For the first time in five
years, Barrick Gold and other bullion miners are getting ready to expand, breaking from their
monologue on cutting costs and debt because of tumbling gold prices. Silver outperformed
gold. Oil prices gained ground after data on Wednesday from the U.S. Energy Information
Administration (EIA) showed U.S. crude stocks last week fell 3.23 million barrels to 532.5
million, the third consecutive weekly fall. WTI broke the resistance of $51per barrel. Natural
gas gave terrific performance on dropdown in inventories.
Despite 10% additional margin in NCDEX, chana futures soared again, taking cues from firm
spot market. Sugar futures soared amid weather concern in Brazil, world's largest producer
and exporter of sugar. In oil seeds complex, soyabean traded down in India while in CBOT, it
continuously saw upside for ninth week. Mustard oil prices edged up at the wholesale oils and
oilseeds market on scattered demand from local parties. It was a good week for spices where
turmeric, cardamom and jeera saw fresh buying whereas dhaniya remained trade weak.
WEEKLY COMMENTARY
COMMODITY UNIT 09.06.16 DIFFERENCEQTY. QTY.
29MM COTTON NEW BALES 28400.00 28400.00 0.00BARLEY MT 12375.00 12375.00 0.00CASTOR SEED MT 5517.00 3811.00 -1706.00CHANA MT 1961.00 1669.00 -292.00CORIANDER NEW MT 3059.00 3326.00 267.00COTTON SEED OILCAKE MT 37642.00 36811.00 -831.00GUARGUM MT 37474.00 37658.00 184.00GUARSEED MT 30227.00 30666.00 439.00JEERA NEW MT 3777.00 3472.00 -305.00MAIZE MT 1334.00 682.00 -652.00RM SEED MT 50538.00 50470.00 -68.00SOYABEAN MT 34275.00 27104.00 -7171.00SUGAR MT 11888.00 9910.00 -1978.00TURMERIC MT 5432.00 5462.00 30.00WHEAT MT 21214.00 21964.00 750.00
02.06.16 COMMODITY UNIT 09.06.16 DIFFERENCE
QTY. QTY.
CARDAMOM MT 26.00 28.70 2.70
COTTON BALES 83200.00 82000.00 -1200.00
GOLD KGS 181.00 58.00 -123.00
GOLD MINI KGS 160.60 126.60 -34.00
GOLD GUINEA KGS 13.87 13.79 -0.08
MENTHA OIL KGS 1302689.73 1299451.78 -3237.95
SILVER (30 KG Bar) KGS 27580.78 104353.26 76772.47
02.06.16
•China's central bank slashed its forecast for exports, predicting a second straight annual fall in shipments, but said the economy will still grow 6.8% this year.
•World Bank cut its global growth estimate to 2.4% for this year, which would be the same as 2015, from the 2.9% projected in January.
•Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects at Pelican Lake facilities in northern Alberta as wildfires threatened western Canadian output.
•US initial claims for state unemployment benefits declined 4,000 to a seasonally adjusted 264,000 for the week ended June 4.
•Unplanned supply outages last month averaged about 3.7m b/d, including about 800,000 b/d lost due to militant attacks on oil infrastructure in Nigeria.
•Sugarcane price arrears for sugar season 2015-16 have come down to `6,225 crore. As on 8.06.2016, about 87% cane dues have been paid for the season.
•About 13,000 MT imported pulses have reached the country and delivery of about 6,000 MT pulses in pipeline. Besides contracted import of 38,500 MT pulses, the Government agencies have procured 51,000 MT Kharif and 60,000 MT Rabi pulses so far.
•Special Margin of 10% (in Cash) on Long side (in addition to the existing special cash margin) will be imposed on all running contracts and yet to be launched contracts of Chana w.e.f June 10, 2016.
•Malaysia's palm oil stocks at the end of May fell 8.8 percent to 1.65 million tonnes from 1.80 million tonnes at the end of April. -Malaysian Palm Oil Board (MPOB)
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
®
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
7.77
7.22
6.686.49
6.28
-1.36-0.96
-0.80 -0.66
-0.17
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
CHANAGUARGUM
5 MTCHANA
2 MTGUAR GUM
CHILLI TEJA COPPER CORIANDER
CRUDE PALM OIL SOYABEAN
SOY OIL
8.02
4.68 4.584.15
3.69
- 3.79
- 2.88
- 1.47
- 0.24
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
NATURAL GAS SILVER NICKEL
BR. CRUDE OIL
CRUDE OIL COPPER
MENTHA OIL LEAD CPO
COMMODITY
COMMODITY EXCHANGE CONTRACT 03 09.06.16 CHANGE%
ALUMINIUM LME 3 MONTHS 1544.00 1577.00 2.14
COPPER LME 3 MONTHS 4688.00 4515.00 -3.69
LEAD LME 3 MONTHS 1726.00 1702.00 -1.39
NICKEL LME 3 MONTHS 8495.00 8935.00 5.18
ZINC LME 3 MONTHS 1922.00 2069.50 7.67
GOLD COMEX AUG 1242.90 1272.70 2.40
SILVER COMEX JULY 16.37 17.27 5.52
LIGHT CRUDE OIL NYMEX JULY 48.62 50.56 3.99
NATURAL GAS NYMEX JULY 2.40 2.62 9.13
.06.16
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
02.06.16 09.06.16
ALUMINIUM 2520175 2488325 -31850
COPPER 154350 207300 52950
NICKEL 401508 395514 -5994
LEAD 185375 185400 25
ZINC 380450 382150 1700
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 03.06.16 09.06.16 CHANGE(%)
Soybean CBOT JULY Cent per Bushel 1132.00 1176.00 3.89
Maize CBOT JULY Cent per Bushel 418.25 426.50 1.97
CPO BMD AUG MYR per MT 2666.00 2587.00 -2.96
Sugar LIFFE AUG 10 cents per MT 507.30 528.70 4.22
13
®
SPOT PRICES (% change) POSITIONAL FUNDAMENTAL CALL - SOYBEAN FUTURES (OCTOBER)
Investors are recommended to take fundamental positional BUY call in SOYBEAN futures (October contract) NCDEX in the range of 3800-3850 for the target of 4040 in long-term, with a closing stop loss below 3680 levels.
Fundamentals• Even though the arrival of monsoon has brought some relief to farmers
after two back-to-back droughts, soybean farmers of Madhya Pradesh, Maharashtra and Rajasthan are not too keen on increasing the acreage for their crop which stood at 110.65 lakh hectares during last year's kharif season.
• Farmers are still worried about the late rains. That's why some may shift from soybean to some other kharif crop this year, as stated by Soybean Processors Association of India (SOPA).
• According to the Soybean Processors Association of India (Sopa), this year, output of the bean this kharif is expected to be 6.9 million tonnes, instead of the earlier estimate of 7.4 million tonnes.
• Ahead of the coming kharif season, soybean farmers across the country are likely to face a shortage of certified seeds since the production of breeder seeds has been affected over the last three years owing to drought conditions.
• The total requirement of soyabean seeds for kharif is usually pegged at 3.43 lakh tonnes, whereas the availability is estimated at 2.73 lakh tonnes every year.
• Farmers planted 11.63 million hectares with soybean in 2015/16. A 10 per cent reduction would cut acreage to around 10.5 million hectares in the 2016/17 marketing year starting July.
• The oilmeal exporters have decided to explore the new markets like Africa, Middle East and certain developing countries in Asia.
• U.S. soybeans are on track for a ninth consecutive weeks of gains, the longest bull run in 43 years, on the back of shrinking South American supplies and doubts over U.S. production prospects.
• These rains interrupted harvesting mainly in southeast Buenos Aires, where collection is down 48.8 percent year on year, leaving it 2015-16 overall crop forecast unchanged at 56 million tonnes.
• The supply-and-demand situation in beans is really tight and it has caught everyone off guard. China is buying large volumes.
• China, the world's largest soy buyer, imported 7.66 million tonnes of soybeans in May, up 8.3 percent from 7.07 million tonnes in April, figures from the General Administration of Customs of China showed.
-2.13
-0.75
-0.05
0.00
0.15
0.48
0.50
1.25
1.53
1.96
2.13
2.37
2.76
5.13
5.14
5.72
7.30
14.34
-4.00 -2.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00
RAW JUTE (KOLKATA)
PEPPER MALABAR GAR (KOCHI)
TURMERIC (NIZAMABAD)
CRUDE PALM OIL (KANDLA)
WHEAT (DELHI)
SOYABEAN (INDORE)
BARLEY (JAIPUR)
SUGAR (KOLKATA)
JEERA (UNJHA)
CORIANDER (KOTA)
GUR (MUZAFFARNGR.)
GUAR SEED (JODHPUR)
MUSTARD (JAIPUR)
COTTON SEED OIL CAKE (AKOLA)
COTTON (KADI)
SILVER 5 KG (DELHI)
GUAR GUM (JODHPUR)
CHANA (DELHI )
Source: NCDEX
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 67.28 67.28 66.72 66.92
EUR/INR 76.18 76.35 75.89 75.91
GBP/INR 97.06 98.18 96.53 96.83
JPY/INR 62.62 62.90 62.09 62.78
(Source: Reliable Software, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
News Flows of last week
08th June British industrial output grew at the fastest pace in nearly four years in April,
08th June Japan's core machinery orders tumbled in April by the most in two years
08th June German trade surplus hit fresh monthly record in April
09th June U.S. wholesale inventories posted biggest gain in 10 months
09th June German lawmakers vote in favor of paying out next aid tranche for Greece
09th June The number of Americans filing for unemployment benefits unexpectedly fell last week
EUR/INR (JUNE) contract closed at 75.91 on 09th June'16. The contract made its high of 76.35 on 06th June'16 and a low of 75.89 on 09th June '16 (Weekly Basis). The 14-day Exponential Moving Average of the EUR/INR is currently at ̀ 75.80
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 52.50. One can buy above 75.80 for a target of 76.40 with the stop loss of 75.50
JPY/NR (JUNE) contract closed at 62.78 on 09th June'16. The contract made its high of 62.90 on 09th June '16 and a low of 62.09 on 07th June'16 (Weekly Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at 61.96.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 62.56. One can buy around 62.00 for a target of 63.20 with the stop loss of 61.30
Market Stance
Indian rupee begin the week on a positive note and witnessed sharp gains as
against the greenback on the back of weak dollar overseas and firm local
equities. Moreover, it sustained its gains after the Reserve Bank of India (RBI)
maintained status quo on the policy rate, citing likely inflationary pressure
due to recovery in crude oil prices. The overseas dollar has come under
pressure as dismal US jobs data for May forced investors to adjust
expectations about the timing of a rate increase. However, in later part most
of the gains witnessed by rupee were pared on the back of dollar demand from
banks and importers amid of higher crude oil prices. Oil prices extended gains
to multi-month highs last week following another drop in US supplies and the
prospect of further disruptions to output from key producer Nigeria.
EUR/INR
USD/INR (JUNE) contract closed at 66.92 on 09th June'16. The contract made its high of 67.28 on 06thJune'16 and a low of 66.72 on 09th June'16 (Weekly Basis). The 14-day Exponential Moving Average of the USD/INR is currently at 67.22
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of 43.92. One can sell below 66.80 for the target of 66.20 with the stop loss of 67.10.
GBP/INR (JUNE) contract closed at 96.83 on 09thJune'16. The contract made its high of 98.18 on 07th June'16 and a low of 96.53 on 06th June '16 (Weekly Basis). The 14-day Exponential Moving Average of the GBP/INR is currently at 97.61.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 44.69. One can sell below 96.60 for a target of 95.50 with the stop loss of 97.10.
USD/INRTechnical Recommendation
Economic gauge for the next week
Date Currency Event Previous
14th June GBP Core Consumer Price Index (YoY) 1.2
14th June GBP Consumer Price Index (YoY) 0.3
14th June USD Retail Sales (MoM) 1.3
14th June USD Retail control 0.9
14th June USD Retail Sales ex Autos (MoM) 0.8
15th June USD FOMC Economic Projections
15th June USD Fed Interest Rate Decision 0.5
15th June USD Fed's Monetary Policy Statement
16th June GBP BoE Asset Purchase Facility 375
16th June GBP BoE Interest Rate Decision 0.5
16th June GBP Bank of England Minutes
17th June EUR ECB President Draghi's Speech
GBP/INR JPY/INR
14
®
Parag Milk Foods Dairy 2,035.50 767.00 19-May-16 215.00 215.70 238.60 10.98
Ujjivan Fin.Ser. Finance 4318.76 870.00 10-May-16 210.00 227.00 365.25 73.93
Thyrocare Tech. Healthcare 3233.62 480.00 9-May-16 446.00 662.00 601.90 34.96
Equitas Holdings NBFC 4,865.31 2177.00 21-Apr-16 110.00 144.00 176.20 60.18
Infibeam Incorp. IT - Software 2851.27 450.00 4-Apr-16 432.00 458.00 537.05 24.32
Bharat Wire Metal 2851.27 70.00 1-Apr-16 45.00 47.35 537.05 1093.44
Health.Global Healthcare 1548.38 650.00 30-Mar-16 218.00 209.80 182.00 -16.51
Quick Heal IT software 1706.65 451.30 18-Feb-16 321.00 304.95 243.70 -24.08
Team Lease Serv. Services 1544.86 273.68 12-Feb-16 850.00 860.00 903.60 6.31
Precision Camshf Auto Ancillary 1257.26 410.00 8-Feb-16 186.00 163.10 132.70 -28.66
Narayana Hrudaya Pharma 6407.73 613.00 6-Jan-16 250.00 291.00 313.55 25.42
Dr Lal Pathlabs Pharma 8175.42 638.00 23-Dec-15 550.00 717.00 988.05 79.65
Alkem Lab Pharma 16481.44 1349.61 23-Dec-15 1050.00 1380.00 1378.45 31.28
S H Kelkar & Co. FMCG 3191.06 200.00 16-Nov-15 180.00 222.00 220.65 22.58
Interglobe Aviat Aviation 36199.62 1272.20 10-Nov-15 765.00 856.00 1004.55 31.31
Coffee Day Beverages 5294.24 1150.00 2-Nov-15 328.00 313.00 257.00 -21.65
Prabhat Dairy Dairy 992.39 520.00 21-Sep-15 115.00 115.00 101.60 -11.65
Sadbhav Infra. Infrastructure 3451.81 425.00 16-Sep-15 103.00 110.75 98.00 -4.85
Pennar Engg.Bld. Infrastructure 502.13 156.19 10-Sep-15 178.00 150.00 146.50 -17.70
Sh.Pushkar Chem. Chemical 340.27 70.00 10-Sep-15 65.00 60.00 112.60 73.23
Navkar Corporat. Logistics 2793.69 600.00 9-Sep-15 155.00 152.00 195.90 26.39
Power Mech Proj. Power 835.35 273.22 26-Aug-15 640.00 600.00 567.85 -11.27
Syngene Intl. Pharma 7571.00 550.00 11-Aug-15 250.00 295.00 378.55 51.42
Manpasand Bever. Beverages 2773.49 400.00 9-Jul-15 320.00 291.00 554.10 73.16
PNC Infratech Infrastructure 2888.12 488.44 26-May-15 378.00 381.00 562.90 48.92
MEP Infrast. Infrastructure Devel. 615.32 324.00 6-May-15 63.00 63.00 37.85 -39.92
IPO TRACKER
Company Sector M.Cap(In `Cr.) Issue Size(in `Cr.) List Date Issue Price List Price Last Price %Gain/Loss(from Issue price)
*
*Closing prices as on 09-06-2016
IPO
IPO NEWSIPO NEWS
Tata Technologies revives IPO plan, likely to raise ̀ 1,400 crore
The Tata Group has revived plans to list Tata Technologies, an engineering solutions and IT product developing arm of Tata Motors, on the local bourses. The company
is planning to raise ̀ 1,400 crore through an initial public offering (IPO). The proposed share sale will be the first IPO from the Tata Group in 12 years after TCS in July
2004. Tata Motors holds 70.43 per cent stake in Tata Technologies, while Alpha TC, a wholly-owned subsidiary of the partnership sponsored by Mizuho Securities and
other international investors, owns 8.71 per cent in the company. Other investors in the company include Tata Capital, Barclays Wealth Corporate Services, Sheba
Properties, Tata Entertainment Overseas and Walbrook Nominees, which own between 1 per cent and 5 per cent each. Tata Technologies was planning an IPO in 2008
to fund expansion and repay some of its debts, but the plan was dropped due to the global market meltdown. For the financial year ended March 31, the company
reported revenue of ̀ 2,686.20 crore, up 3.6 per cent over the previous year. The company's net profit for the year was ̀ 382 crore, up 14.25 per cent from last year.
Tata Technologies, which started as a design company in 1994 for Tata Motors' automotive business, now earns one-third of its revenue from North America, Europe
and the Asia-Pacific re gion. Nearly 65 per cent of its business comes from the automotive sector, 12 per cent from aerospace and the rest from industrial machinery
and other businesses.
Lodha Group looking at IPO in 12-15 months
Lodha Group, the country's largest property developer by sales, is aiming at net sales of at least Rs 7,500 crore this financial year, despite prolonged slowdown in the
market. In FY16, their net sales were `6,430 crore. By comparison, DLF, the country's largest by market capitalisation, did net sales of `3,150 crore in FY16 and
expects `3,000-3,500 crore this year. Abhishek Lodha, managing director of the former entity, believes their brand name, focus on delivery and innovation would
help it beat the slowdown.
Pawan Hans plans to launch regional flights ahead of IPO
Pawan Hans has firmed up plans to launch regional flights with fixed wing aircraft, including seaplanes, even as the state-owned helicopter operator prepares for an
initial public offering that may happen next year or the year after that. The IPO, to meet the company's fund requirement for expansion and modernisation of fleet,
could happen during 2017 or 2018, he said. It is also considering raising funds from institutions. The new civil aviation policy proposed by the government seeks
affordable air connectivity to small cities and towns. Under the plan, fares will be set at ̀ 2,500 per hour or flight, and the rest will be funded through a subsidy. Pawan Hans
plans to take on lease three aircraft with around 18-20 seats to operate on the regional routes that will attract the government subsidy. While the company expands into
new segments, it is also finalising a plan to consolidate its market position with a fleet of 100 aircraft — helicopters and fixedwing aircraft — by 2027.
IndiaMART.com in talks to raise ̀ 500 cr through primary market
IndiaMART.com could become the second ecommerce company in the country to come out with an initial public offering (IPO) after Ahmedabad-based Infibeam
Incorporation raised ̀ 450 crore. The Noida-based company is in early talks with investment bankers to raise as much as ̀ 500 crore via the share sale, two people with
direct knowledge of the matter told ET. A spokesperson from IndiaMART.com confirmed the plan. The final details are yet to be worked out.
®
15
®
16
FIXED DEPOSIT MONITOR
• Interest structure may be revised by company from time to time. Pls confirm Interest rates before submitting the application.
* For Application Greater Than Rs. Fifty Lakhs Or equal to Fifty Lakhs, Please Contact to Head Office.
* Email us at [email protected]
FIXED DEPOSIT COMPANIES
PERIOD MIN.ADDITIONAL RATE OF INTEREST (%)
S.NO (NBFC COMPANY -NAME)12M 18M 24M 36M 45M 48M 60M 84M INVESTMENT
1 BAJAJ FINANCE LTD.(UPTO RS. 5 CR.) 8.55 8.65 8.65 8.65 - 8.65 8.65 - 0.25% FOR SR. CITIZEN, 0.10% FOR DELHI NCR &
EXISTING LOAN CUSTOMER AND ON MUMBAI-75000,
RENEWAL UPTO RS. 1CRORE OTHER-50000/-
2 DEWAN HOUSING FINANCE CORPORATION LTD 13M=8.75% 14M=8.75% 18M=8.85% 40M=8.90% 0.25% EXTRA FOR SR. CITIZEN,WIDOW, 13M=50000;
ARMED, PERSONNEL, EXISTING DHFL HOME 14M=10000;
BORROWERS, 0.25% EXTRA FOR DEPOSIT 40M=2000
50 LAC AND ABOVE
3 DEWAN HOUSING FINANCE CORPORATION LTD (AASHRAY) 8.50 - 8.75 8.75 - 8.75 - 8.75 10,000/-
4 GRUH FINANCE LTD. 7.50 13M=7.50 7.75 8.00 - 8.00 8.00 8.00 96-120M=8.00%; 0.25% FOR FEMALE, 1000/-
SR. CITIZEN & TRUST
5 HDFC PREMIUM DEPOSIT FOR INDIVIUAL (UPTO RS. 2 CR.) 15M=8.35 22M=8.40 30M=8.35 44M=8.40 - 0.25% FOR SR. CITIZEN UPTO RS. 1 CR. 20000/-, 40000/-
IN MONTHLY
6 HDFC PREMIUM DEPOSIT FOR TRUST & INSTITUTION (UPTO RS. 10 CR.) 20M=8.30 - 40M=8.30 -
7 HDFC LTD FOR INDIVIDUAL & TRUST (UPTO RS.5 CR.) 8.25 - 8.25 8.25 - 8.25 8.25 - 0.25% FOR SR. CITIZEN UPTO RS. 1 CR.
8 HDFC LTD FOR INDIVIDUAL & TRUST (ABOVE RS.5 CR. TO RS.10 CR.) 8.15 - 8.15 8.15 - 8.15 8.15 - 0.25% FOR SR. CITIZEN UPTO RS. 1 CR.
9 HUDCO LTD.(IND & HUF) 7.70 - 7.70 7.70 - 7.70 7.55 7.55 0.25% FOR SR. CITIZEN 10000/-
10 HUDCO LTD.(TRUST/CO/INSTITUTION) 7.50 - 7.50 7.50 - 7.50 7.50 7.50 - 10000/-
11 KERALA TRANS DEVELOP FINANCE CORP LTD 8.50 - 8.50 8.50 - 8.25 8.25 - 0.25% FOR SR. CITIZEN 10000/-
12 LIC HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 8.25 8.25 8.35 8.40 - - 8.50 - 0.25% FOR SR. CITIZEN IF APP ABOVE 10000/-
RS. 50,000/- & 0.10% IF APP UPTO RS. 50,000/-
13 M&M FINANCIAL SERVICES LTD (FOR BELOW RS. 1 CRORE) 8.45 8.45 8.45 8.45 - 8.45 8.45 - 0.25% FOR SR. CITIZEN 10000/-
14 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 8.00 - 8.00 8.25 - 8.25 8.25 8.25 0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE 20000/-
15 PNB HOUSING FINANCE LTD.(UPTO RS. 5 CR.) 15M=8.05 22M=8.05 30M=8.35 44M=8.45 - 0.25% FOR SR. CITIZEN
16 SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME 8.25 - 8.25 8.50 - 8.75 8.75 - 0.25% FOR SR. CITIZEN 5000/-
17 SHRIRAM CITY UNION SCHEME 8.25 - 8.25 8.50 - 8.75 8.75 - 0.25% FOR SR. CITIZEN 5000/-
(FOR TRUST ONLY) (FOR WOMEN ONLY)
Reliance Householder’s Package policy
protects the following:
•Home and its contents like furniture, fixtures etc.
•Additionally your mechanical and electrical
appliances like washing machine.
•Your electronic gadgets like mobile, TV,
computer, etc.
•Property Insurance not only covers your home
but also protects your family against
unforeseen accidents.
•Protection against earthquake, burglary, fire
pr even terrorism related losses.
The Householder’s Package also comes with
Homeassist which provides additional
benefits like:
•Dining Restaurant/ Hotel Referral and
Reservation Assistance: Reliance General
Insurance through Europ Assistance India
Pvt. Ltd. It will assist the user by providing the
contact details of restaurants in major cities in
India. If requested, and whenever possible, EAI
will facilitate in making the reservation on behalf
of the user; recommending restaurants friendly to
people with special needs (Special Dining).
•Courier Service Assistance: Rel iance
General Insurance through Europ Assistance
consequences arising thereof. Although EAI
shall make such referrals, it cannot guarantee
the quality consequences arising thereof.
Although EAI shall make such referrals, it
cannot guarantee the quality of the Medical
Service Providers and the final selection of the
service provider shall be the decision of the user.
EAI, however, will exercise due care and
diligence in selecting the Medical Service
Providers.
•IT Return assessment and filing assistance:
Reliance General Insurance through Europ
India Pvt Ltd will assist the user in sending
letters/ parcels to family/ Friends/ business
associates within India or in foreign countries,
by recommending an appropriate courier
service in the users’ location.
•Home Movers Assistance: Reliance General
Insurance through Europ Assistance India Pvt
Ltd will assist the user by providing the contact
details of service providers for home movers’
assistance and make arrangement for the same.
•Pest Control Assistance: Reliance General
Insurance through Europ Assistance India
Pvt. Ltd. will assist the user by providing the
contact details of service providers for Pest
Control assistance and make arrangement for
the same.
•Telephone Medical Information: Reliance
General Insurance through Europ Assistance
India Pvt. Ltd. shall facilitate to the user, upon
request, with the name, address, telephone
number and if available, office hours of
Physicians, hospitals, clinics, dentist and dental
clinics(Collectively “Medical Service Providers”)
EAI shall not be responsible for providing
medical diagnosis or treatment and any
Assistance India Pvt. Ltd. shall provide referral
services for IT Return assessment and filing
assistance on the request of the user.
•Gift Delivery Assistance: Reliance General Insurance through Europ Assistance IndiaPvt. Ltd. will assist the user by arranging for delivery of gifts to his or her family or business a s soc i a t e s f o r spec i a l o c cas ion l i ke birthdays/anniversaries/festivals.
•Flower Delivery Assistance: Reliance General Insurance through Europ Assistance India Pvt. Ltd. will assist the user by arranging for delivery of flowers to his or her family or business associates for special occasion like birthdays/ anniversaries/ festivals.
•Electrical Gadget Repair Assistance along with Plumbing/ Carpenter Assistance Service: Reliance General Insurance through Europ Assistance India Pvt. Ltd. will assist the user by providing the contact details of service providers Electrical Gadget Repair, Plumbing and Ca rpen te r a s s i s t ance and make arrangements for the same.
Enjoy the following benefits with our Home Insurance Policy:
• Coverage for the structure of the home and even the content inside it
• Flexibility in choice of house insurance cover
• Choose the amount of house insurance cover
• Choose the amount of cover
• Chose reinstatement value of a precious item
®
17
INSURANCE
RELIANCE HOUSEHOLDER’S PACKAGE POLICYReliance Householder’s Package Policy, a Home insurance policy that safeguards everything under the roof. Provide your beloved home as well as everything you treasure, the protection it deserves with Reliance house insurance.
SURAKSHAKI BAAT HOME INSURANCE KE SATH
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDUENT OFFERSIRDA clarifies to public that: IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.• IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
General Insurance
Householders’ Package Policy
"Home Insurance that offers assistanceservices at no extra cost. That’s Smart."
Live Smart
Reliance
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
Birla Sun Life Balanced 95 - Growth 590.64 10-Feb-1995 2341.69 9.72 8.25 9.65 19.90 21.06 1.79 0.17 44.34 21.66 0.75 33.25
Reliance RSF - Balanced - Growth 41.56 08-Jun-2005 1931.57 8.38 5.13 8.68 19.47 13.81 1.79 0.16 52.23 10.78 3.19 33.80
SBI Magnum Balanced Fund - Growth 99.43 09-Oct-1995 3545.68 8.42 5.85 8.05 20.30 16.32 1.63 0.19 33.46 24.50 5.66 36.39
DSP BlackRock Balanced Fund - Growth 112.39 27-May-1999 958.00 9.30 5.78 7.82 17.99 15.25 1.88 0.18 53.69 15.77 1.57 28.97
Franklin India Balanced Fund - Growth 94.46 10-Dec-1999 848.42 7.81 7.01 7.69 19.33 14.57 1.58 0.22 53.20 11.66 N.A 35.13
HDFC Balanced Fund - Growth 112.35 11-Sep-2000 4879.06 9.89 6.53 7.33 21.85 16.60 1.76 0.15 42.68 24.03 1.60 31.69
Kotak Balance - Growth 19.35 05-Nov-2014 245.63 10.79 9.03 7.25 N.A 5.74 1.68 0.10 46.07 20.76 1.58 31.58
Annualised
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. SharpeMaturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
ICICI Prudential Dynamic Bond F - Prem Plus - G 17.65 14-Jan-2010 805.72 7.16 6.38 5.48 11.36 11.26 9.06 9.27 23.25 0.16 3036.80 8.39
BOI AXA Corporate Credit Spectrum F - Reg - G 11.27 27-Feb-2015 348.03 8.67 9.06 14.95 10.54 10.53 N.A 9.74 7.17 0.34 N.A 11.23
L&T Resurgent India Corporate Bond F - Reg - G 11.29 02-Feb-2015 359.33 8.79 7.20 5.78 9.03 9.96 N.A 9.39 13.04 0.17 2200.95 9.27
DHFL Pramerica Credit Opportunities F - Reg - G 11.93 29-Sep-2014 277.07 12.57 9.76 8.76 9.25 9.91 N.A 10.97 8.11 0.43 799.35 10.51
ICICI Prudential LTP - Reg - Cumulative 34.71 28-Mar-2002 842.03 7.22 5.68 3.89 10.82 9.77 11.99 9.15 28.87 0.12 4146.39 7.68
SBI Corporate Bond Fund - Growth 24.27 19-Jul-2004 580.92 11.65 9.46 8.16 9.52 9.62 10.37 7.73 7.89 0.35 1043.90 9.28
HDFC Corporate Debt Opportunities F - Reg - G 12.48 25-Mar-2014 6084.78 10.17 8.47 7.34 9.67 9.53 N.A 10.55 9.64 0.27 1241.00 9.86
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 6M 1Y 3Y(`) Date (`Cr.) Launch Dev.
Kotak Flexi Debt Scheme - Plan A - Reg - G 19.18 27-May-2008 337.03 8.03 7.24 5.59 10.11 10.00 9.07 8.44 17.42 0.11 1084.05 7.89
Birla Sun Life Treasury Optimizer Plan - DAP 178.25 22-Jun-2009 5157.70 9.01 7.26 6.91 9.93 9.64 10.14 8.65 12.47 0.20 1857.86 8.07
Birla Sun Life Dynamic Bond Fund - Ret - G 26.82 24-Sep-2004 14963.80 4.85 7.91 6.47 9.91 9.09 9.20 8.79 23.93 0.12 7639.45 7.79
Birla Sun Life Dynamic Bond Fund - Ret - DAP 18.55 08-Apr-2009 14963.80 4.84 7.91 6.47 9.91 9.09 9.20 9.00 23.93 0.12 7639.45 7.79
ICICI Prudential Banking & PSU Debt F- Reg - G 17.22 01-Jan-2010 3735.30 8.19 6.62 6.55 9.88 9.75 8.47 8.80 11.45 0.19 1715.50 8.05
ICICI Prudential Banking & PSU Debt F - Ret - G 16.23 06-Sep-2010 3735.30 8.17 6.62 6.55 9.87 9.73 8.10 8.77 11.45 0.19 1715.50 8.05
Birla Sun Life Treasury Optimizer Plan - Ret - G 288.41 19-Apr-2002 5157.70 8.93 7.15 6.84 9.85 9.55 10.20 7.77 12.47 0.20 1857.86 8.07
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe Maturity (Days) Maturity
1W 2W 1M 3M 1Y 3Y(`) Date (`Cr.) Launch Dev.
ICICI Prudential Ultra Short Term Plan - Reg - G 15.57 11-Aug-2009 5948.18 9.96 8.18 7.80 10.89 8.95 8.85 6.70 5.71 0.28 828.55 8.01
Birla Sun Life Floating Rate - LTP - Ret - G 268.25 05-Jun-2003 1377.55 8.07 7.66 8.31 10.82 8.92 9.18 7.87 3.69 0.46 489.10 7.67
Franklin India Low Duration Fund - G 17.08 26-Jul-2010 2071.52 10.19 9.30 9.58 10.80 9.29 9.64 9.54 4.80 0.44 281.05 10.06
Baroda Pioneer Treasury Advantage F- Plan A - G 1767.92 24-Jun-2009 1382.69 8.82 8.32 8.61 10.44 9.03 9.20 8.53 3.04 0.59 298.46 8.79
Birla Sun Life Savings Fund - Ret - G 288.49 27-Nov-2001 11854.60 9.52 8.41 8.69 10.43 8.91 9.27 7.56 2.94 0.59 419.75 8.13
IDFC Money Manager - Invest Plan - Plan A - G 23.21 09-Aug-2004 1603.85 9.93 7.76 7.84 10.32 8.58 8.66 7.37 6.20 0.21 711.75 7.98
UTI Floating Rate Fund - STP - Growth 2486.86 29-Aug-2003 5046.14 8.94 7.78 8.12 10.13 8.56 8.93 7.38 3.13 0.43 N.A 8.74
Returns (%) Risk Market Cap (%)
Scheme Name NAV Launch QAAUM 3M 6M 1Y 3Y Since Std.Dev Beta Jenson LARGE MID SMALL DEBT &
(`) Date (` Cr.) Launch CAP CAP CAP OTHER
Sundaram Rural India Fund - Reg - G 30.08 12-May-2006 476.33 19.81 17.22 22.40 23.42 11.54 2.39 0.92 0.29 45.82 34.29 7.86 12.03
DSP BlackRock Micro Cap Fund - Reg - G 45.52 14-Jun-2007 2213.86 17.00 10.78 19.67 43.02 18.35 2.74 0.92 0.52 N.A 65.95 30.06 4.00
Birla Sun Life Small & Midcap Fund - G 27.18 31-May-2007 175.35 16.87 11.38 18.56 29.85 11.71 2.59 0.89 0.32 6.75 68.84 10.32 14.09
Reliance Small Cap Fund - Growth 26.46 16-Sep-2010 1831.89 12.05 1.08 16.48 40.87 18.49 2.86 0.93 0.34 5.70 42.10 43.35 8.84
Mirae Asset Emerging Bluechip Fund - G 32.88 09-Jul-2010 1198.65 13.42 8.17 15.78 36.00 22.25 2.42 0.89 0.38 33.53 56.37 2.07 8.02
Franklin India Smaller Companies F - G 42.69 13-Jan-2006 2502.29 17.12 10.95 15.63 36.91 14.96 2.28 0.82 0.37 11.27 62.82 12.02 13.90
SBI Small & Midcap Fund - Growth 32.99 09-Sep-2009 706.33 9.70 3.37 15.48 38.60 19.33 2.60 0.77 0.50 N.A 47.14 44.58 8.28
Note: Indicative corpus are including Growth & Dividend option. The above mentioned data is on the basis of 09/06/2016Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 7%
Annualised
18
MUTUAL FUND Performance Charts
EQUITY (Diversified)
INCOME FUND
ULTRA SHORT TERM
SHORT TERM FUND
Due to their inherent long term nature, the following 3 categories have been sorted on the basis of 1 year returns
Due to their inherent short term nature, Short term funds and Ultra short term funds have been sorted on the basis of 6month and 3month returns respectively
Annualised
®
BALANCED
SMC organizing Investor Awareness Programme in association with NSE & NSDL at Hotel Lords Inn, Agra on 4th June 2016.
Board meeting of SMC Global Securities Limited held on 18th May at Hotel Taj Palace, New Delhi.
