2020 : Issue 721, Week : 3rd - 7th February WISEM NEY · 2020 : Issue 721, Week : 3rd - 7th...
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2020 : Issue 721, Week : 3rd - 7th February A Weekly Update from SMC (For private circulation only) WISE M NEY Brand smc 505 DELHI THEPOWER ISIN YOURHANDS SHOWYOUR TRUE POWER DELHI ASSEMBLY ELECTIONS 2020 8th February, 2020
Transcript of 2020 : Issue 721, Week : 3rd - 7th February WISEM NEY · 2020 : Issue 721, Week : 3rd - 7th...
2020 : Issue 721, Week : 3rd - 7th FebruaryA Weekly Update from SMC
(For private circulation only)
WISE M NEY
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THE�POWERIS�IN�YOUR�HANDSSHOW�YOUR�TRUE�POWER�
DELHI ASSEMBLY ELECTIONS 20208th February, 2020
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From The Desk Of Editor
(Saurabh Jain)
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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.
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Global markets, in the week gone by, have had a turbulent week as investors
fretted about the economic impact from the coronavirus outbreak in China,
which has so far killed 213, prompting the World Health Organization on
Thursday to declare a global health emergency. Such a designation could signal that
the worst is yet to come, for China and global businesses. Undoubtedly, China’s deadly
coronavirus has hit global stock markets hard. In another development, after three-
and-a-half years, three prime ministers and seemingly endless votes in Parliament
since the 2016 Brexit referendum, Britain finally becomes the first ever country to
leave the European Union . Meanwhile, the US Fed left a key interest rate unchanged
in its recent meeting and signalled that policy is appropriate to support sustained
expansion of economic activity. Fed also said that it is closely monitoring the severity
of the deadly coronavirus and potential disruption to the global economy.
On the domestic front, market continued to trade in a volatile mood as investors
remained cautious ahead of the Union Budget later this week and January F&O expiry.
Besides other sectors, metal sector looked pressured amid fears of falling demand for
commodities due to the coronavirus outbreak in the world's top metals consumer
China. In the upcoming budget, it is expected that government would announce some
measures to give strong support to the economy and boost demand. Finance minister
is expected to rise spending on infrastructure and cut some personal tax. There is
large expectation among investors that government may abolish DDT and tweak long
term Tax, which will help in increasing money flow through equities. Going forward,
market would take direction from the budget announcement which is scheduled on
1st February, 2020 and at the same time will keep close eye on Corona Virus updates.
On the commodity market front, the world and financial market are eyeing on the
update of outbreak of corona virus in China and other countries. It has raised the fear
factor in markets. Bullion counter can extend its upside momentum as concern of a
slowdown in global growth due to a virus outbreak and rise in US treasury yields will
keep the prices well supported. Gold may move upside towards 41500 levels while
taking support near 40500 levels whereas silver may move towards 47500 levels while
taking support near 45500 levels. Crude oil prices may remain on weaker path as
spread of coronavirus is keeping the sentiments down. Crude oil may dip lower
towards 3600 levels while facing resistance near 4200 levels. RBC Canadian
Manufacturing PMI, ISM Employment, ISM Manufacturing, ISM Non-
Manufacturing/Services Composite, Change in Non-farm Payrolls and Unemployment
Rate of US, Unemployment Rate of Newzeland and Canada etc are strong triggers for
commodities market this week.
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
FD Monitor 16
Mutual Fund 17-18
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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
Closing as on 31-01-2020*BPCL has broken the support of 470 **CIPLA has broken the support of 4450 ***L&T has breached the resistance of 1360
Stocks *Closing Trend Date Rate SUPPORT RESISTANCE Closing
Price Trend Trend S/l
Changed Changed
S&P BSE SENSEX 40723 UP 08.02.19 36546 36300 35300
NIFTY50 11962 UP 08.02.19 10944 10900 10600
NIFTY IT 16144 UP 21.07.17 10712 15200 14800
NIFTY BANK 30834 UP 30.11.18 26863 27700 27000
ACC 1505 UP 23.01.2020 1548 1500 1470
BHARTIAIRTEL 496 UP 15.03.19 338 480 460
BPCL* 457 UP 30.08.19 355 - 450
CIPLA** 447 UP 25.10.19 460 - 440
SBIN 318 UP 01.11.19 314 315 305
HINDALCO 189 DOWN 31.01.20 189 200 205
ICICI BANK 526 UP 20.09.19 418 510 500
INFOSYS 776 UP 20.12.19 732 750 730
ITC 235 DOWN 31.05.19 279 250 255
L&T*** 1369 DOWN 15.11.19 1378 - 1380
MARUTI 6913 DOWN 31.01.20 6913 7300 7400
NTPC 113 DOWN 16.08.19 118 120 124
ONGC 109 DOWN 06.12.19 127 122 127
RELIANCE 1412 DOWN 31.01.20 1412 1500 1530
TATASTEEL 439 DOWN 31.01.20 439 470 485
EQUITY
NEWS
FORTHCOMING EVENTS
Meeting Date Co_Name Board Meeting Purpose
3-Feb-20 Tata Chemicals Financial Results
3-Feb-20 SRF Financial Results/Dividend
4-Feb-20 Bharti Airtel Financial Results
4-Feb-20 Tata Global Beverages Financial Results
4-Feb-20 TVS Motor Company Financial Results
4-Feb-20 Titan Company Financial Results
4-Feb-20 Punjab National Bank Financial Results
4-Feb-20 Exide Industries Financial Results
4-Feb-20 Adani Ports and SEZ Financial Results
5-Feb-20 HPCL Financial Results
5-Feb-20 Indiabulls Housing Finan. Financial Results/Dividend
5-Feb-20 DLF Financial Results/Dividend
5-Feb-20 Divi's Laboratories Financial Results
5-Feb-20 Adani Enterprises Financial Results
5-Feb-20 Apollo Tyres Financial Results
6-Feb-20 Aurobindo Pharma Financial Results/Dividend
6-Feb-20 Sun Pharmaceutical Ind. Financial Results
6-Feb-20 United Breweries Financial Results
6-Feb-20 Lupin Financial Results/Other business matters
6-Feb-20 Hero MotoCorp Financial Results
7-Feb-20 Britannia Industries Financial Results/Fund Raising
7-Feb-20 Voltas Financial Results
7-Feb-20 Tata Steel Financial Results
7-Feb-20 UPL Financial Results
7-Feb-20 NCC Financial Results
7-Feb-20 Container Corp. of India Financial Results/Other business matters
8-Feb-20 Mahindra & Mahindra Financial Results
10-Feb-20 MRF Financial Results/Dividend
10-Feb-20 GAIL (India) Financial Results
DOMESTIC NEWS
Oil & Gas
• Hindustan Petroleum Corporation Limited (HPCL) almost exhausted its entire planned capital expenditure for this financial year in the first nine months, much faster than the average 67% for all state-run oil companies during April-December 2019.
Engineering
• Larsen & Toubro (L&T) said its construction arm has bagged a "large" order from Narmada Valley Development Authority for executing a micro-irrigation project. The company, however, did not provide the exact value of the contract, but according to its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore.
Pharmaceuticals
• Biocon said the US health regulator conducted a pre-approval inspection and good manufacturing practice (GMP) examination of the API manufacturing facility and has issued a Form 483, with five observations.
• Alembic Pharmaceuticals said its joint venture firm Aleor Dermaceuticals has received approval from the US health regulator to market a generic product, which is used to treat various skin conditions, in the American market.
• Alembic Pharmaceuticals has received a final nod from the US health regulator for Azithromycin tablets, used for the treatment of infections. Azithromycin tablet is a macrolide antibacterial drug indicated for mild to moderate infections.
Automobile
• Hero MotoCorp has commenced despatching of its first BS-VI compliant scooter model -- Pleasure+ 110 FI. The scooter in BS-VI avatar is priced at Rs 54,800 for self-start sheet wheel and Rs 56,800 for self-start alloy wheel trim.
• Force Motors has lined up Rs 600 crore in fresh investment to develop two new models over the next two years. The proposed new models in the shared mobility space will come out from its soon-to-be-launched premium platform, code-named T1N, an export-focused premium van developed with an investment of Rs 1,000 crore and is getting ready for commercial production by the end of the year.
Miscellaneous
• Reliance Industries, India's largest petchem player, is launching a project to use plastics in road construction, amid growing concerns over pollution in the country of 1.3 billion whose major cities are often plagued with smog and litter.
INTERNATIONAL NEWS
• US real gross domestic product climbed by 2.1 percent in the fourth quarter, unchanged from the third quarter and in line with economist estimates.
• US initial jobless claims fell to 216,000, a decrease of 7,000 from the previous week's revised level of 223,000. Economists had expected jobless claims to inch up to 215,000 from the 211,000 originally reported for the previous week.
• US pending home sales index plunged by 4.9 percent in December after jumping by 1.2 percent in November. Economists had expected pending home sales to rise by 0.5 percent.
• Eurozone Inflation rose to 1.4 percent from 1.3 percent in December. The rate came in line with expectations.
• Eurozone Gross domestic product edged up 0.1 percent sequentially, slower than the 0.3 percent expansion seen in the third quarter and the forecast of 0.2 percent.
• Japan's Housing starts decreased 7.9 percent year-on-year in December, following a 12.7 percent drop in November. This was the sixth consecutive decrease in housing starts. Economists had forecast an annual 11.1 percent fall.
4
BSE SENSEX TOP GAINERS & LOSERS (% Change) NSE NIFTY TOP GAINERS & LOSERS (% Change)
SECTORAL INDICES (% Change)
GLOBAL INDICES (% Change)
INDIAN INDICES (% Change)
FII/FPI & DII ACTIVITY (In Rs. Crores)
5
SMC Trend
FTSE 100CAC 40
NasdaqDow jonesS&P 500
NikkeiStrait times
Hang SengShanghai
Down SidewaysUp
EQUITY
SMC Trend
SMC Trend
ITMetal
Oil & GasPower
Cap GoodsCons Durable
Auto BankRealty
FMCGHealthcare
BSE Midcap BSE Smallcap Nifty Next S&P CNX 500SensexNifty
FII / FPI Activity DII trading activity
-1.73-1.68 -1.68
-0.96
-2.13
-1.63
-2.50
-2.00
-1.50
-1.00
-0.50
0.00
Ni�y Sensex BSE Midcap BSE Smallcap Ni�y Next 50 S&P CNX 500
-1.05
-1.74
-0.75
-1.84
-2.08
-0.13
-1.02
-6.22
-2.01-2.19
-0.69
-7.00
-6.00
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
Auto Index Bankex Cap Goods Index
Cons Durable Index
FMCG Index Healthcare Index
IT Index Metal Index Oil & Gas Index Power Index Realty Index
-0.17
-0.45-0.36
-3.56
-2.14
-5.37
0.00
-2.69-2.53
-6.00
-5.00
-4.00
-3.00
-2.00
-1.00
0.00
Nasdaq Comp. Dow Jones S&P 500 Nikkei* Strait Times Hang Seng Shanghai Comp. FTSE 100 CAC 40
659.11
-438.85
-1357.56
-1014.27 -962.28
417.96
10.51
711.70
1520.90
292.35
-2000.00
-1500.00
-1000.00
-500.00
0.00
500.00
1000.00
1500.00
2000.00
Friday Monday Tuesday Wednesday Thursday
4.07 4.05
2.32
1.02 0.81
-9.59-8.76
-7.21-6.57 -6.43
-12.00
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
Dr Reddy's Labs
Bajaj Fin. Bajaj Auto Asian Paints Larsen & Toubro
Vedanta Yes Bank Tata Steel Bhar� Airtel IndusInd Bank
4.04
2.28
1.08 0.84 0.54
-7.21-6.58 -6.43
-5.20
-4.12
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
Bajaj Fin. Bajaj Auto Asian Paints Larsen & Toubro
Hero Motocorp
Tata Steel Bhar� Airtel IndusInd Bank
Reliance Inds. St Bk of India
Beat the street - Fundamental Analysis
Source: Company Website Reuters CapitalineAbove calls are recommended with a time horizon of 8 to 10 months.
6
EQUITY
Beat the street - Fundamental Analysis
Source: Company Website Reuters CapitalineAbove calls are recommended with a time horizon of 8 to 10 months.
6
EQUITY
Dividend Yield (%) 0.59
Stock Exchange BSE
Face Value (Rs.) 1.00
52 Week High/Low 222.35/112.30
M.Cap (Rs. in Cr.) 3776.94
EPS (Rs.) 7.82
P/E Ratio (times) 21.74
P/B Ratio (times) 3.65
% OF SHARE HOLDING
VALUE PARAMETERS
AHLUWALIA CONTRACTS (INDIA) LIMITED CMP: 331.00 Upside: 21%Target Price: 402
` in cr
Investment Rationale• The management has highlighted segment-wise
guidance for FY2020. The plywood division is expected to grow at 2-3% y-o-y with operating margin of 14%. The laminate division is expected to grow at 15%+ with operating margin of 12%. MDF is expected to grow by clock a more than 20% revenue growth with operating margin of more than 20% while the particle board division is expected to grow at 10% with a 25% operating margin. Overall, the management of the company has guided for double digit revenue growth, 15% operating margin and 11% PBT margin for FY2020.
• On the development front and on the basis of optimum capacity utilization of its MDF and particle board plant, the company is planning a greenfield expansion for MDF and particle board in UP. The company is working on the project and is yet to announce the final details of the plant. With the licence already in place, the company is working on finding suitable land.
• On the development front, the company is setting up five lines with installed capacity of 2,000 cubic metre per month for timber and 1,500 cubic metre for Veneer at Gabon. The management expects production at Gabon to start in Q4FY2020 (February-March 2020). The Gabon unit will be producing Acumae Veneer (30% cheaper than Garjan) which will be used by the company for its cheaper products.
• During the Q2FY20, the company has reported 37 per cent rise in net profit to over Rs.52 crore as compared to Rs. 38 crore, Q2 FY19. Net revenue from operations during the quarter stood at ₹589.35 crore; an increase of over 4 per cent compared with the corresponding quarter
(₹564.44 crore). Favorable market conditions, lower commodity prices and better sales volume have led to significant margin improvement.
Risk• Subdued demand due to liquidity crunch. • Fluctuations in raw material prices. ValuationThe company has strong track record on quarterly as well as yearly basis. According to the management, Capacity addition across segments would boost revenue and profitability going ahead. The Central Government took number of initiatives to strengthen prospects of the country’s residential real estate sector; this is expected to drive prospects of the interior infrastructure industry. Government push for the affordable housing is another big trigger for the company. Century Ply has strong financials with robust return ratios and it has under gone significant capex since last few years and able to maintain its operating cash positive. Thus, it is expected that the stock will see a price target of Rs.237 in 8 to 10 months time frame on a current P/Ex of 21.74x and FY21 EPS of Rs.10.91.
% OF SHARE HOLDING
VALUE PARAMETERS
Century Plyboards (India) Limited CMP: 170.00 Upside: 40%Target Price: 237
` in cr
ACTUAL ESTIMATE
FY Mar-19 FY Mar-20 FY Mar-21
REVENUE 2280.39 2423.80 2673.48
EBITDA 301.60 375.76 428.69
EBIT 242.13 292.07 336.83
NET INCOME 148.45 201.36 242.75
EPS 6.68 9.03 10.91
BVPS 43.88 50.99 60.23
ROE 16.26% 18.52% 18.94%
P/E Chart
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Face Value (Rs.) 1.00
52 Week High/Low 161.00/83.70
M.Cap (Rs. in Cr.) 3714.56
EPS (Rs.) 12.88
P/E Ratio (times) 11.34
P/B Ratio (times) 2.18
Dividend Yield (%) 0.68
Stock Exchange BSE,NSE,MSEI
% OF SHARE HOLDING
VALUE PARAMETERS
HEXAWARE TECHNOLOGIES LIMITED CMP: 382.90 Upside: 15%Target Price: 441
` in cr
Investment Rationale• G ranules India Limited is a pharmaceutical company
with presence across the pharmaceutical manufacturing value chain, including active pharmaceutical ingredients (APIs), pharmaceutical formulation intermediaries (PFIs) and finished dosages (FDs).
• The company’s major focus would be on the bottom line which is expected to be driven by better product mix, new launches from the company, and contribution from the new facility in Vizag and Metformin facility and new Oncology facility (yet to be commercialized). The Vizag facility has been commissioned and is expected to break-even in FY21 and contributes meaningfully from FY22.
• During Q3FY20, it has reported a profit of Rs 64.03 crore up by 6.16% yoy, impacted by an impairment loss of Rs 32 crore in Granules-Biocause Pharmaceutical, which is now being sold by the company. Revenue from operations in Q3 grew 11.4 percent YoY to Rs 704 crore. For the next three years, the management of the company expects a 25% PAT CAGR.
• The company has received 3 ANDA approvals and has filed 2 ANDAs this quarter. As on December 2019, there are 19 ANDAs awaiting approvals.
• Recently, the company has approved a proposal to Buy-back up to 1.25 crore equity shares of the Company for an aggregate amount not exceeding Rs. 250 crores, being 4.92% of the total paid-up equity share capital, at Rs.200/- per equity share. The management said that the buyback is being done to reward shareholders as well as to reduce the promoter’s pledge.
• From the concall of Q3 FY20, Capex during 9M FY20 was Rs. 129 crore and the company guided to FY20
capex of Rs 150 crore. The next round of huge capacity addition would be after 3-4 years and the company aims to maintain a debt-EBITDA ratio of 1x.
• The gross debt as on December 2019 stood at Rs 902 crore as compared to Rs 1,040 crore at the end of Q3FY19.
Risk• Promoter Pledging • Increase in R&D spendValuationThe company has a healthy balance sheet with strong cash balance; it has continued same performance and reported good bottom line due to growing profitability from its joint venture companies. Moreover, the management has committed towards adhering to regulations and standards benchmarked globally and produce quality drugs for its marquee clients which are giving good strength to the company. Thus, it is expected that the stock will see a price target of Rs.178 in 8 to 10 months time frame on a one year average P/Ex of 11.34x and FY21 EPS of Rs.15.69.
% OF SHARE HOLDING
VALUE PARAMETERS
Granules India Limited CMP: 146.10 Upside: 22%Target Price: 178
` in cr
ACTUAL ESTIMATE
FY Mar-19 FY Mar-20 FY Mar-21
Revenue 2279.20 2715.37 3149.60
Ebitda 384.04 554.73 654.21
Ebit 278.55 435.94 517.48
Pre-Tax Profit 325.52 419.68 521.06
Net Income 236.41 339.72 396.67
EPS 9.28 13.33 15.69
BVPS 60.16 71.29 83.36
RoE 16.69% 20.44% 20.37%
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Foreign
Ins�tu�ons
Non Promoter Corporate Holding
Promoters
Public & Others
7.667.35
3.99
72.85
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19.693.22
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Foreign
Ins�tu�ons
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Promoters
Public & Others
Charts by Spider Software India Ltd
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
7
The stock closed at Rs 796.60 on 31st January 2020. It made a 52-week low of Rs
607.15 on 31st July 2019 and a 52-week high of Rs. 846.50 on 02nd May 2019. The
200 days Exponential Moving Average (DEMA) of the stock on the daily chart is
currently at Rs 742.93
As we can see on chart that stock is trading in higher highs and higher lows on
weekly charts which is bullish in nature. Apart from this, it has formed an
“Inverted Head and Shoulder” pattern on daily charts and has given the
breakout of same. So buying momentum may continue in coming days.
Therefore, one can buy in the range of 784-790 levels for the upside target of
860-880 levels with SL below 755.
Tech Mahindra Limited (TECHM)
The stock closed at Rs 385.70 on 31st January, 2020. It made a 52-week low at Rs
252.00 on 14th February 2019 and a 52-week high of Rs. 387.50 on 31st January
2020. The 200 days Exponential Moving Average (DEMA) of the stock on the daily
chart is currently at Rs 315.98
Short term, medium term and long term bias are positive for the stock as it is
trading in uptrend. Stock has formed a “Continuation Triangle” on weekly
charts, which is bullish in nature. Last week, stock has given the breakout of
same and also has managed to close above the breakout of pattern. So follow up
buying may continue for coming days. Therefore, one can buy in the range of
376-380 levels for the upside target of 415-430 levels with SL below 355.
Ujjivan Financial Services Limited (UJJIVAN)
DERIVATIVES
WEEKLY VIEW OF THE MARKET
Overall derivative data indicates short rollover to Feb series, and most of the Nifty Feb futures positions have been rolled over in the range of 12050 - 12075.
Derivative data indicates bearish scenario to continue. Nifty has multiple resistances at higher levels. Various resistance are 12200, 12300 spot levels. Short
buildup and long unwinding are seen on every rise. In the Feb option contracts, maximum options open interest building up was seen in 11800 puts and 12200
calls. In option data, shifting of range towards lower band is seen. Market Undertone is likely to remain bearish. The Implied Volatility (IV) of calls was up and
closed at 16.27% while that for put options closed at 16.80%. The Nifty VIX for the week closed at 16.80% and is expected to remain volatile. PCR OI for the week
closed at 1.04, which indicates OTM call writing. On the technical front, 11800-11750 spot levels is support zone. Budget should be the next trigger for markets;
however data formation before budget is tilted towards weakness.
HINDALCO
BUY FEB 185 PUT 4.85SELL FEB 180 PUT 3.30
Lot size: 3500BEP: 183.45
Max. Profit: 12075.00 (3.45*3500)Max. Loss: 5425.00 (1.55*3500)
OPTIONSTRATEGY
FUTURE
DABUR
BUY FEB 510 CALL 9.80SELL FEB 520 CALL 6.70
Lot size: 1250BEP: 513.10
Max. Profit: 8625.00 (6.90*1250)Max. Loss: 3875.00 (3.10*1250)
DERIVATIVE STRATEGIES
INFRATEL
BUY FEB 250 CALL 11.40SELL FEB 260 CALL 8.00
Lot size: 2000BEP: 253.40
Max. Profit: 13200.00 (6.60*2000)Max. Loss: 6800.00 (3.40*2000)
8
BULLISH STRATEGY
ASIANPAINT(FEB FUTURE)
Buy: Above `1821
Target: `1870
Stop loss: `1795
JSWSTEEL (FEB FUTURE)
Sell: Below `251
Target: `239
Stop loss: `257
TCS (FEB FUTURE)
Sell: Around `2107
Target: `2005
Stop loss: `2163
BEARISH STRATEGY
CHANGE IN NIFTY OPTION OI (IN QTY) (MONTHLY)NIFTY OPTION OI CONCENTRATION (IN QTY) (MONTHLY)
CHANGE IN BANKNIFTY OPTION OI (IN QTY) (MONTHLY)BANKNIFTY OPTION OI CONCENTRATION (IN QTY) (MONTHLY)
In lakhs
In 10,000
In lakhs
In 10,000
5.26
3.88 5.
94
5.27
15.6
3
6.90 8.
69
15.1
6
9.29
12.9
9
13.4
2
8.82
13.8
1
25.5
9
5.53
8.44
3.69
0.93
3.98
0.47
0.38
6.34
0.00
5.00
10.00
15.00
20.00
25.00
30.00
11000 11500 12000 12100 12200 12300 12400 12500 12600 12700 13000
4.62
2.50
4.34
4.15 4.36
3.80
5.51
8.24
1.90
0.66
5.426.
10
4.06
12.2
3
2.84
4.12
1.25
0.16
1.97
0.31
0.03
4.98
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
11000 11500 12000 12100 12200 12300 12400 12500 12600 12700 13000
1.6
1
0.9
6 2.5
1
0.0
0 2.6
2
10
.56
10
.12
21
.23
9.2
7 11
.82
3.3
0
10
.93 13
.02
26
.34
4.7
8
26
.31
12
.57
9.0
7
5.5
5
2.4
1
0.9
0
2.1
2
0.00
5.00
10.00
15.00
20.00
25.00
30.00
29000 29500 30000 30200 30500 31000 31500 32000 32500 33000 35000
1.17
0.82 2.
07
0.00
1.98
7.13
5.08
12.5
6
5.90
4.16
1.41
3.46
3.36
16.2
1
0.28
6.71
-2.0
8
1.25 2.
75
1.96
0.72 2.
00
-5.00
0.00
5.00
10.00
15.00
20.00
29000 29500 30000 30200 30500 31000 31500 32000 32500 33000 35000
Call Put Call Put
Call Put Call Put
DERIVATIVES
SENTIMENT INDICATOR (NIFTY)
30-Jan 29-Jan 28-Jan 27-Jan 24-Jan
DISCOUNT/PREMIUM 24.10 27.35 51.20 47.30 61.85
COST OF CARRY% 0.62 0.62 0.64 0.62 0.61
PCR(OI) 1.04 0.92 0.89 0.88 0.87
PCR(VOL) 1.08 0.97 0.88 0.96 0.93
A/D RATIO(NIFTY 50) 0.25 1.78 0.40 0.43 2.85
A/D RATIO(ALL FO STOCK)* 0.28 2.68 0.43 0.41 3.52
IMPLIED VOLATILITY 16.27 15.98 16.76 16.61 14.79
VIX 16.80 16.50 17.30 17.18 17.18
HISTORICAL VOLATILITY 13.41 13.40 13.65 13.89 13.11
*All Future Stock
SENTIMENT INDICATOR (BANKNIFTY)
**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 Future Stock
30-Jan 29-Jan 28-Jan 27-Jan 24-Jan
DISCOUNT/PREMIUM 16.35 28.55 10.20 41.65 88.60
COST OF CARRY% 0.62 0.62 0.64 0.62 0.61
PCR(OI) 1.46 1.63 1.67 1.87 2.15
PCR(VOL) 1.16 0.92 0.78 0.99 1.16
A/D RATIO(BANKNIFTY) 0.09 1.40 0.50 0.33 5.00
A/D RATIO(ALL FO STOCK)# 0.08 1.60 0.44 0.30 3.33
IMPLIED VOLATILITY 21.10 21.13 22.38 22.28 18.89
VIX 16.80 16.50 17.30 17.18 17.18
HISTORICAL VOLATILITY 18.17 18.29 18.75 19.27 18.60
9
FII’s ACTIVITY IN DERIVATIVE SEGMENTFII’S ACTIVITY IN INDEX FUTURE
In Cr. In Cr.
Top 10 Rollover Bottom 10 Rollover
NAME LTP Rollover % Open interest
HEROMOTOCO 2443.9 52.8% 2093400
EICHERMOT 20414.55 64.3% 211260
TITAN 1182.7 68.6% 8760000
RELIANCE 1449.4 69.0% 37635500
DIVISLAB 1964.55 69.0% 1542800
HINDPETRO 236.8 72.4% 17400600
CESC 722.1 72.6% 1483200
PFC 119.5 74.3% 31793600
BHEL 43.9 75.8% 77958400
PIDILITIND 1527.2 76.0% 2343000
NAME LTP Rollover % Open interest
UBL 1260.45 98.6% 1619100
MFSL 502.45 97.7% 9133800
ADANIPOWER 63 97.2% 70270000
TORNTPOWER 321.55 97.1% 3132000
MRF 69844.3 96.9% 15830
GRASIM 795.25 96.8% 23425500
SUNPHARMA 443.45 96.4% 63481250
CADILAHC 268.55 96.0% 7741800
CUMMINSIND 579.55 95.7% 1780200
GLENMARK 320.55 95.6% 8050000
-58
6
13
4
-55
2
-92
7
-41
7
-58
1
-22
69
-54
1
44
0
-15
34
-2500
-2000
-1500
-1000
-500
0
500
1000
17-Jan 20-Jan 21-Jan 22-Jan 23-Jan 24-Jan 27-Jan 28-Jan 29-Jan 30-Jan
-26
7
-48
1
-31
74 -2
53
2
26
45
-13
29
-25
22
-20
47
92
8
26
30
-4000
-3000
-2000
-1000
0
1000
2000
3000
17-Jan 20-Jan 21-Jan 22-Jan 23-Jan 24-Jan 27-Jan 28-Jan 29-Jan 30-Jan
10
Turmeric futures (Mar) may witness correction for the second consecutive week towards 5825, facing resistance near 6190 levels. According to traders, apart from Nizamabad and Erode, there is sporadic arrival of new crops in Maharashtra as well. Currently, the new Mysore-8 turmeric is arriving for sale& traders are waiting for upcountry demand to pick up as at present, there is only a little local demand. At the Erode Turmeric Merchants Association Salesyard, finger turmeric was sold at Rs.6,169-7,189 a quintal and root variety at Rs.5,644-6,307. At the Erode Cooperative Marketing Society, finger turmeric was sold at Rs.5,888-7,039 and root variety at Rs.5,513-6,589. Last month, jeera futures have descended by more than 15% on the back of estimates a bigger crop this year. The overall sentiment is weak as sharp increase in acreage has been seen in Gujarat and Rajasthan and favourable weather conditions across the growing regions. The growers in Rajasthan and Gujarat are expecting about 25-30% higher yield over last year. As the sowing was delayed, the harvest will also get extended to March instead of the usual February. This is keeping the big traders on the sidelines. Dhaniya futures (Apr) may continue to face resistance near 7000-7100 & the upside may remain capped. Demand is weak and market participants are waiting for fresh arrivals, which are expected in the middle of February. According to traders, the sowing has been good in in the major growing regions, which has boosted the new crop estimates. Sharp increase in acreage in Gujarat and Rajasthan and favourable weather conditions may lead to a rise in yield.
SPICES
Bullion counter can extend its upside momentum as concern of a slowdown in global growth due to a virus outbreak , fall in global equities markets and rise in US treasury yields will keep the prices well supported. Federal Reserve Chair Jerome Powell also noted the risks of a short-term slowdown in China, including to the U.S economy, after the central bank’s widely expected decision to keep interest rates unchanged. The United States Federal Reserve held interest rates steady at 1.5 -1.75% at its first policy meeting of the year, with officials pointing to continued moderate US economic growth and a "strong" job market. The World Health Organization declared that the coronavirus epidemic in China now constitutes a public health emergency of international concern. The new coronavirus has claimed 213 lives so far in China and has spread to at least 22 countries, while paralyzing many provinces in the world’s second-largest economy with lockdowns, travel restrictions and closed businesses. The declaration of a global emergency triggers recommendations to all countries aimed at preventing or reducing cross-border spread of disease, while avoiding unnecessary interference with trade and travel. Gold may move upside towards 41500 levels while taking support near 40500 levels whereas silver may move towards 47500 levels while taking support near 45500. Meanwhile global demand for gold fell in the last three months of last year as sales of gold jewellery, bars and coins declined alongside purchases by central banks and financial investors.
BULLIONS
The one & only factor which has dented the sentiments of the oilseeds
complex globally is the outbreak of coronavirus in China, due to which the
demand has slowed down from the highest consuming nation of edible oils &
soybean. In days to come, this virus may induce more fear in the commodities
market. Analyzing these negative factors, it is expected that we may see more
of a selling pressure in the oilseeds. In the domestic market, soybean futures
(Feb) may trade sideways to down in the range of 3910-4130 levels taking
negative cues from the international market. In days to come, more
correction can be seen in mustard futures (Feb) as it can trade lower towards
4040-4000 levels. This season, production can be at a record high of 9.7
million tons in 2019-20 (Jul-Jun), up from 9.3 million tons. The yield could rise
over 1.4 tons per hectare due to ample moisture content in the soil. The
current status of the crop is that pod formation has started in early sown crop
while the late sown crop is at flowering stage. CPO futures (Feb) may continue
to slide down to 720-710; while soy oil futures (Feb) may retest its previous
week low near 820. The increasing death tolls & people getting affected have
raised a doubt over the trade in global oilseed market and Chinese purchases
in the months ahead. As of now, it is unclear how soon the epidemic will be
contained. Recently, the World Health Organization declared the outbreak a
global emergency after cases were discovered in more than a dozen countries.
OIL AND OILSEEDS
Crude oil prices may remain on weaker path as spread of coronavirus is keeping the sentiments down. Until this, fear does not vanish the sharp downtrend in oil is also unlikely to be reversed. The curbs for China outbound tourism and international carrier halt flights will reduce demand of crude by 5,00,000bpd. Crude oil may dip lower towards 3600 while facing resistance near 4200. Meanwhile some short covering cannot be denied as Saudi Arabia has opened discussion about moving upcoming output policy meeting to early February from March following the recent slide in oil prices. No final decision over the new date of the meeting has been made, and not all OPEC members are on board yet, with Iran a possible contender to oppose the move, OPEC wants to extend current oil output cuts until at least June from March, with the possibility of deeper reductions on the table if oil demand in China is significantly impacted by the spread of the coronavirus. Energy Information Administration reported that U.S. crude supplies rose by 3.5 million barrels for the week ended Jan 24. The EIA’s data showed a weekly climb was the largest since the 7.9 million-barrel rise reported for the week ended Nov. 1. Natural gas can remain on weaker bias as weather is expected to remain warmer than normal as it can further slip lower towards 120 by taking resistance near 150. The fact that winter has been relatively mild in the United States and 17 % excess gas production last year have resulted in huge glut of natural gas.
ENERGY COMPLEX
The trend as well as sentiments attached to cotton in international as well as in the domestic market is bearish owing to outbreak of coronavirus in China. This epidemic has dented the export demand from U.S & India to China. The virus has spread to more than 8,100 people globally, surpassing the 2002-2003 SARS epidemic's total fueling fears. Any signs of disruption in cotton shipments to China could pressure prices that had been recovering from three-year lows. Saying this, ICE cotton futures may break the support near 68 & can crash to 67-65 cents per pound. Following it footsteps, cotton futures (Feb) is likely to trade lower towards 19050-18800 levels. Chana futures (Mar) is expected to trade with a downside bias & test 3850-3800 levels. The sentiments are reeling under pressure due to improvement in Rabi Chana sowing and Government agencies holding major stocks. As per market view, millers will most likely purchase new Chana from Karnataka & Maharashtra as it trades below Rs.4,000/100Kg, instead of purchasing old Nafed procured Chana. Availability of new Chana at lower price will drag chana prices further down. Mentha oil futures (Jan) may breach its previously low near 1190 levels & witness further correction towards 1175-1150 levels. Firstly, this season the area under mentha cultivation is expected to be higher. Secondly, this year the farmers of Sambhal, Badaun and Chandausi in discussion with agricultural scientists in Badaun have decided to work on using the right technology to reduce the cost of the farmer and increase production. Also, emphasis will be laid on the use of drip method to reduce the cost of crop irrigation.
OTHER COMMODITIES
Base metal counter may remain on weaker path. Copper may dip further lower
towards 420 levels while taking resistance near 440 levels. Copper tanked to a
5 month low correcting by over 12% in last 15 days as funds sold on
expectations of slowing demand in China, where a coronavirus outbreak has
raised the prospect of an economic slowdown. Copper prices are expected to
be sustained by low stocks in LME warehouses, which at 182,550 tonnes are
down more than 45% since the end of August 2019. Meanwhile, lead may
remain in red as it can test 144 levels while taking resistance near 151 levels.
Lead stocks on the LME fell to 50,025 tonnes, the lowest since July 26 last year.
The premium for cash LME lead over the 3M contract rose to $12 a tonne, the
highest since Oct. 31, indicating tighter supplies. Zinc may tumble lower
towards 170 levels while facing resistance near 183. Global crude steel
production rose to 1.87 billion tonnes last year, up 3.4% from 2018, as per
World Steel Association. Nickel prices can further decline towards 900 while
facing resistance near 985. Aluminium prices can move in range of 143-149
levels. Aluminium stocks held at three major Japanese ports at the end of
December were down 2.2% at 314,000 tonnes from the previous month. U.S.
President Donald Trump signed a proclamation increasing tariffs on derivative
steel products by an additional 25 percent and boosting duties on derivative
aluminum products by an additional 10 percent.
BASE METALS
11
TREND SHEET
Closing as on 30.01.20
EXCHANGE COMMODITY CONTRACT CLOSING DATE TREND TREND RATE TREND SUPPORT RESISTANCE CLOSING
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN FEB 4086.00 27.01.20 Down 4120.00 - 4400.00 4450.00
NCDEX JEERA MAR 14035.00 15.10.19 Down 16460.00 - 14800.00 15000.00
NCDEX REF.SOY OIL FEB 852.40 29.01.20 Down 870.00 - 900.00 910.00
NCDEX RMSEED FEB 4163.00 13.01.20 Down 4400.00 - 4370.00 4400.00
NCDEX CHANA MAR 3997.00 06.01.20 Down 4440.00 - 4280.00 4300.00
NCDEX GUARSEED FEB 3950.00 27.01.20 Down 4090.00 - 4280.00 4300.00
NCDEX COCUD FEB 1793.00 08.11.19 Down 2280.00 - 2010.00 2030.00
MCX CPO FEB 747.50 29.01.20 Down 776.00 - 778.00 780.00
MCX MENTHA OIL FEB 1201.40 21.01.19 Down 1551.90 - 1245.00 1250.00
MCX SILVER MAR 46914.00 23.12.19 UP 45100.00 45200.00 - 45000.00
MCX GOLD APR 41073.00 23.12.19 UP 38100.00 40100.00 - 40000.00
MCX COPPER FEB 426.50 23.01.20 Down 452.00 - 453.00 455.00
MCX LEADMINI FEB 147.25 30.12.19 Down 153.00 - 153.00 155.00
MCX ZINCMINI FEB 175.30 27.01.20 Down 180.00 - 185.00 187.00
MCX NICKEL FEB 939.40 16.10.19 Down 1235.00 - 975.00 980.00
MCX ALUMINI FEB 139.60 06.01.20 Sideways 138.00 135.00 145.00 -
MCX CRUDE OIL FEB 3723.00 22.01.20 Down 4170.00 - 4170.00 4200.00
MCX NATURAL GAS FEB 131.30 17.01.20 Down 151.00 - 152.00 155.00
TECHNICAL RECOMMENDATIONS
MENTHA MCX (FEB) contract closed at Rs. 1201.40 on 30th Jan’2020. The contract made
its high of Rs. 1336.90 on 08th Jan’2020 and a low of Rs. 1196.00 on 31st Jan’2020. The
18-day Exponential Moving Average of the commodity is currently at Rs. 1245.32. On the
daily chart, the commodity has Relative Strength Index (14-day) value of 22.534.
One can sell below Rs. 1190 for a target of Rs. 1120 with the stop loss of Rs. 1225.
NICKEL MCX (FEB) contract closed at Rs. 936.90 on 31st Jan’2020. The contract made its
high of Rs. 1025.80 on 20th Jan’2020 and a low of Rs. 930.00 on 28th Jan’2020. The 18-
day Exponential Moving Average of the commodity is currently at Rs. 976.92. On the
daily chart, the commodity has Relative Strength Index (14-day) value of 32.471.
One can sell near Rs. 975 for a target of Rs. 880 with the stop loss of Rs. 1020.
JEERA NCDEX (MAR) contract was closed at Rs. 14035.00 on 30th Jan’2020. The contract
made its high of Rs. 16235.00 on 11th Nov’19 and a low of Rs. 13780.00 on 31st Jan’2020.
The 18-day Exponential Moving Average of the commodity is currently at Rs. 14761.15. On
the daily chart, the commodity has Relative Strength Index (14-day) value of 17.742.
One can buy above Rs. 14200 for a target of Rs. 15500 with the stop loss of Rs 13550.
NEWS DIGEST
The world and financial markets eyed on the update of outbreak of coronavirus in China and
other countries. It has raised fear and concern in markets across the globe. Safe haven buying
returned in gold and it hit the mark of $1590 in comex but couldn’t sustain at higher side as after
declaring emergency; THAT also showed its faith in China that it will control the virus in best
possible way. In India, gold closed in green territory as depreciation in currency from past few
weeks added premium in the prices. Silver saw some wild movements in both directions, finally
settled down due to fall in base metal prices. Dollar index moved up owing to coronavirus issues
together with unchanged interest rate. The central bank’s Federal Open Market Committee
kept the rates between 1.5% and 1.75%. It was the second straight meeting the Fed made no
changes to rates following three rate cuts in 2019. The greenback is the best performing
currency among G10 currencies in January, with the dollar index rising 1.6% so far this month. It
was a bad week for base metals, excluding aluminum which saw some surprise upside move.
Copper touched an almost 5-month low of $5,565 last week. The metal is set for a monthly drop
of 8.9%, the worst performance since May last year. Downstream zinc users in China have
postponed resumption of operations until after Feb. 9, while most upstream producers are
operating as normal. Oil prices fell more than 2% on Thursday to the lowest in three months on
concerns over the potential economic impact of the coronavirus that continues to spread
worldwide, while the market also considered the possibility of an early OPEC meeting. There
was no respite for natural prices and it dipped further.
In spices, jeera fell the most in recent days and saw massive fall for continuous 5th week, now
trading near the level of 14000. Jeera growers in Rajasthan and Gujarat are expecting about 25-
30 percent higher yield over last year. Turmeric was weak as well as arrivals of the fresh crop
have started in key spot markets of Nizamabad and are likely to gain momentum in the coming
weeks. The sentiments of the oilseeds and edible oil complex were bearish as they are under
pressure from expectations for a massive harvest in rival supplier Brazil & also from China’
coronavirus. Even cotton counter was not immune and it saw further bearishness as the
coronavirus scare looms large over the commodity trade with China, the largest buyer of the
natural fibre and its yarn.
12
WEEKLY COMMENTARY
COMMODITY UNIT 21.01.20 29.01.20 DIFFERENCE
QTY. QTY.
ALUMINIUM MT 1410.26 1164.39 -245.87
CARDAMOM MT 2.90 2.90 0.00
COPPER MT 3112.64 2987.78 -124.86
COTTON BALES 39450.00 74100.00 34650.00
GOLD KGS 417.00 417.00 0.00
GOLD MINI KGS 71.00 70.00 -1.00
GOLD GUINEA KGS 5.68 5.68 0.00
LEAD MT 1042.13 1327.12 284.99
MENTHA OIL KGS 155613.95 110218.80 -45395.15
NICKEL MT 33.43 136.33 102.90
SILVER (30 KG Bar) KGS 19210.65 17547.09 -1663.56
ZINC MT 2357.91 2922.24 564.33
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
COMMODITY UNIT 22.01.20 30.01.20 DIFFERENCE
QTY. QTY.
BAJRA MT 191 242 51
CASTOR SEED MT 22304 20113 -2191
CHANA MT 1202 892 -310
COCUD MT 42553 49510 6957
CORIANDER MT 3941 1272 -2669
GUARGUM MT 8686 8502 -184
GUARSEED MT 16023 16119 96
JEERA MT 66 0 -66
MAIZE (KHARIF) MT 464 464 0
RM SEED MT 6614 3583 -3031
SOYBEAN MT 37830 34994 -2836
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
• The new coronavirus has been declared a global
emergency by WHO, as the outbreak continues to
spread outside China.
• Central banks added 650.3 tonnes (t) of Gold to global
official gold reserves in 2019, 1% lower y-o-y but still the
second largest in last 50 years. - World Gold Council
• Indonesia will impose an export tax of $18 per tonne of
crude palm oil from February for the first time in nearly
three years.
• Area coverage under chickpeas in Australia in 2019-20 is
expected to decline by 15% to 1.7 lakh ha.
• The government has cut sharply the reserve price of rice
and wheat to help FCI offload bulk of its stock. Rice will
now be sold at Rs.2,250/quintal, while wheat at
Rs.2,135/quintal.
• China's crude oil imports from top supplier Saudi Arabia
rose nearly 47% in 2019.
• China official services PMI rose to 54.1, from 53.5 in
December.
• Russia's oil and condensate production rose to 11.28
million barrels per day on Jan. 1-29 from 11.26 million
barrels per day on average in December.
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
3.57%
0.36% 0.10% 0.06%
-8.33%
-4.49%-4.11%
-3.45% -3.31%
-10.00%
-8.00%
-6.00%
-4.00%
-2.00%
0.00%
2.00%
4.00%
6.00%
MOONG MAIZE KHARIF
WHEAT BARLEY COCUD JEERA CPO GUARGUM TURMERIC
3.82%
2.24%1.88%
1.16%
-5.67%-5.29%
-4.97%-4.53% -4.51%
-8.00%
-6.00%
-4.00%
-2.00%
0.00%
2.00%
4.00%
6.00%
ALUMINI CARDAMOM GOLD PETAL SILVER MINI NICKEL CRUDE OIL CPO CASTOR SEED NATURAL GAS
COMMODITY
PRICES OF COMMODITIES IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
SPOT PRICES (% change) OPEC+ Countries’ Compliance of Oil-Cuts
13
COMMODITY EXCHANGE CONTRACT 23.01.20 30.01.20 CHANGE%
ALUMINIUM LME CASH 1781.50 1722.50 -3.31
COPPER LME CASH 6050.00 5621.00 -7.09
LEAD LME CASH 1989.00 1836.00 -7.69
NICKEL LME CASH 13300.00 12535.00 -5.75
ZINC LME CASH 2386.00 2235.50 -6.31
GOLD COMEX APR 1568.80 1589.20 1.30
SILVER COMEX MAR 17.83 17.99 0.90
LIGHT CRUDE OIL NYMEX MAR 55.59 52.14 -6.21
NATURAL GAS NYMEX MAR 1.93 1.83 -4.98
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
22.01.20 30.01.20
ALUMINIUM 1309050 1256350 -52700
COPPER 162925 183825 20900
NICKEL 186324 194526 8202
LEAD 66250 66800 550
ZINC 50900 50175 -725
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 23.01.20 30.01.20 CHANGE(%)
Soybean CBOT MAR Dollars Per Bushel 9.09 8.76 -3.63
Soy oil CBOT MAR Cents per Pound 32.48 30.63 -5.70
CPO BMD APR MYR per MT 2925.00 2652.00 -9.33
Cotton ICE MAR Cents per Pound 70.03 69.05 -1.40
OPEC is planning to extend current oil production cuts until June and could discuss
deeper cuts if needed, as worries spread about the impact of the corona virus
outbreak on China demand. At the OPEC+ meeting in December, OPEC and its
Russia-led partners decided to deepen the oil production cuts by 500,000 bpd in
the first quarter of 2020, when demand is expected at its weakest for 2020. This
brings total production reductions at 1.7 million bpd—that is if rogue members fall
in line with their quotas. OPEC’s compliance was exceptionally high throughout
most of 2019. That’s largely due to deeper-than-required cuts by Saudi Arabia,
which also suffered an attack on its oil infrastructure in September.
* In thousand barrel/daySource : OPEC
-6.32
-4.49
-3.02
-2.95
-2.68
-2.50
-2.27
-1.92
-1.88
-1.52
-1.32
-1.24
-0.88
-0.12
0.45
-7.00 -6.00 -5.00 -4.00 -3.00 -2.00 -1.00 0.00 1.00
COTTON SEED OIL CAKE (AKOLA)
CRUDE PALM OIL (KANDLA)
GUR (MUZAFFARNGR)
SOYABEAN (INDORE)
GUAR GUM (JODHPUR)
GUAR SEED (JODHPUR)
JEERA (UNJHA)
CORIANDER (KOTA)
MUSTARD (JAIPUR)
TURMERIC (NIZAMABAD)
BARLEY (JAIPUR)
COTTON (KADI)
PEPPER MALABAR GAR (KOCHI)
RAW JUTE (KOLKATA)
WHEAT (DELHI)
Country Reference Pledged Output Dec. 2019
Output* Cut Target
Algeria 1057 -32 1025 1017
Angola 1528 -47 1481 1408
Congo 325 -10 315 326
Ecuador 531 -16 515 538
Eq. Guinea 127 -4 123 122
Gabon 187 -6 181 222
Iraq 4653 -141 4512 4565
Kuwait 2809 -85 2724 2708
Nigeria 1827 -53 1774 1770
Saudi Arabia 10633 -322 10311 9762
U.A.E. 3168 -96 3072 3062
Total OPEC 26845 -812 26033 25500
Azerbaijan 797 -20 777 772
Bahrain 227 -5 222 213
Brunei 135 -3 132 122
Kazakhstan 2028 -40 1988 2006
Malaysia 653 -15 638 700
Mexico 2017 -40 1977 1971
Oman 995 -25 970 976
Russia 11747 -230 11517 11596
South Sudan 132 -3 129 151
Sudan 74 -2 72 74
Total Non-OPEC 18805 -383 18422 18581
Total OPEC+ 45650 -1195 44455 44081
CURRENCY
Currency Table
Currency Pair Open High Low Close
USD/INR 71.5975 71.8075 71.3700 71.6750
EUR/INR 79.0500 79.2450 78.7050 79.1225
GBP/INR 99.6975 93.9750 92.9525 93.3575
JPY/INR 65.5800 65.0600 65.4625 65.9025
News Flows of last week
(* NSE Currency future, Source: nseindia.com, Open: Monday 9.00 AM IST, Close: Thursday (5.00 PM IST)
27th JAN The week started-off with risk-off note amid outbreak of
Coronavirus.
28th JAN Indian Rupee dipped further amid concern of fiscal deficit’s
projection in upcoming Budget 2020 on 1st February.
30th JAN Euro zone jobless rate slided to 12-year low as sentiment
improved.
30th JAN Bank of England kept rates unchanged but still fears Brexit.
30th JAN W.H.O. Declares Global Emergency as Wuhan Coronavirus SpreadsMarket Stance
Indian Rupee started-off with a weaker note after a severe outbreak of coronavirus which claimed life of over 170 as per the latest survey spooked the global financial markets. Although rupee got some support amid dollar flows coming-in mainly from subscription in Central Public Enterprise ETF and another flows of over Rs 25,000 crs may have emerged from Canadian based Brookfield Infrastructure’s investment into units issued by Reliance Jio Towers Infrastructure Trust. Importers are aggressively hedging at every rise in rupee in fear of further deterioration of coronavirus’s aftermath. Further the key attention will be India’s Union Budget on 1st of February. General consensus already priced-in 20-30 bps expansion in fiscal deficit projection but the question whether government will borrow from private savings or taps the offshore bond market. If it does tie-up with offshore avenues, we may see positive reaction in rupee in anticipation of dollar flows, although gyrations in dollar denominated debt may lead to more vulnerabilities which is again negative for rupee in long term. Another area where market will monitor is the possible stimulus announcement. If the quantum is beyond expectations, it will be highly negative for bond and rupee as well as it will elevate the core inflation in the next few quarters which further prompt RBI to change the current accommodative stance in upcoming MPC meetings.
USDINR is likely to stay above 71.30 and move higher towards 72.10 in the next week.
14
EUR/INR (FEB) contract closed 79.1225 on 30th Jan 2020. The contract made its
high of 79.2450 on 28th Jan 2020 and a low 78.7050on 29th Jan 2020 (Weekly Basis).
The 14-day Exponential Moving Average of the EUR/INR is currently at 79.29.
On the daily chart, EUR/INR has Relative Strength Index (14-day) value of 41.71.
One can buy at 79.00 for a target of 79.60 with the stop loss of 78.70.
EUR/INR
USD/INR (FEB) contract closed at 71.6750 on 30th Jan 2020. The contract made its
high 71.8075 on 30th Jan 2020 and a low of 71.3700 on 29th Jan 2020 (Weekly Basis).
The 14-day Exponential Moving Average of the USD/INR is currently at 71.54.
On the daily chart, the USD/INR has Relative Strength Index (14-day) value of
52.28. One can buy at 71.40 for the target of 72.10 with the stop loss of 71.10
USD/INRTechnical Recommendation
GBP/INR (FEB) contract closed at 93.3575 on 30th Jan 2020. The contract made its
high of 93.9750 on 27th Jan 2020 and a low of 92.9525 on 29th Jan 2020 (Weekly
Basis). The 14-day Exponential Moving Average of the GBP/INR is currently at 93.17.
On the daily chart, GBP/INR has Relative Strength Index (14-day) value of 53.31.
One can buy at 93.50 for a target of 94.40 with the stop loss of 93.10.
GBP/INR
JPY/INR (FEB) contract closed at 65.9025 on 30th Jan 2020. The contract made its
high of 65.0600 on 30th Jan 2020 and a low of 65.4625 on 29th Jan 2020 (Weekly
Basis). The 14-day Exponential Moving Average of the JPY/INR is currently at 65.55.
On the daily chart, JPY/INR has Relative Strength Index (14-day) value of 52.38.
One can buy at 65.70 for a target of 66.30 with the stop loss of 65.35
JPY/INR
Economic gauge for the next week
Date Currency Event Previous
3rd FEB USD ISM Manufacturing PMI 47.20
5th FEB EUR Final Services PMI 52.20
5th FEB USD ISM Non-Manufacturing PMI 55.00
6th FEB INR RBI Policy -
6th FEB USD EU Economic Forecasts -
6th FEB EUR German Factory Orders m/m -1.3%
IPOIPOIPOIPO
15
IPO TRACKER
Company Sector M.Cap (In Rs Cr.) Issue Size (in Rs Cr.) List Date Issue Price List Price Last Price %Gain/Loss*
Prince Pipes and Fittings Ltd Plastic Pipes 1911.15 500.00 30-Dec-19 178.00 160.00 174.25 -2.11
Ujjivan Small Finance Bank Ltd Bank 9617.56 750.00 12-Dec-19 37.00 56.76 55.50 50.00
CSB Bank Limited Bank 3173.37 410.00 4-Dec-19 195.00 275.00 186.70 -4.26
IRCTC Limited Railway 18255.64 645.12 14-Oct-19 320.00 644.00 1137.15 255.36
Vishwaraj Sugar Industries Ltd Sugar 308.24 60.00 15-Oct-19 60.00 61.20 81.80 36.33
Sterling and Wilson Solar Ltd. Solar 4741.72 3125.00 20-Aug-19 780.00 706.00 294.70 -62.22
Spandana Sphoorty Financial Ltd. NBFC 6583.29 1200.00 19-Aug-19 856.00 825.00 1020.90 19.26
Affle India Limited E-Commerce 4338.48 460.00 8-Aug-19 745.00 929.00 1695.90 127.64
Indiamart Intermesh Limited Online Services 6729.37 475.00 4-Jul-19 973.00 1180.00 2316.45 138.07
Neogen Chemicals Limited Chemicals 934.54 132.35 8-May-19 215.00 251.00 399.15 85.65
Polycab India Ltd Cable 14563.64 1346.00 16-Apr-19 538.00 633.00 974.05 81.05
Metropolis Healthcare Limited Healthcare 8327.24 1204.00 15-Apr-19 880.00 960.00 1658.95 88.52
Rail Vikas Nigam Ltd Railway 5763.57 481.57 11-Apr-19 19.00 19.00 27.55 45.00
MSTC Ltd Trading 857.53 212.00 29-Mar-19 128.00 111.00 121.60 -5.00
Chalet Hotels Hotels & Restaurants 6760.79 1641.00 7-Feb-18 280.00 294.00 328.65 17.38
Xelpmoc Design IT 85.40 23.00 4-Feb-18 66.00 56.00 62.10 -5.91
Garden Reach Sh. Ship Building 2453.34 345.00 10-Oct-18 118.00 104.00 213.50 80.93
AAVAS Financiers Finance 15366.28 1734.00 8-Oct-18 821.00 758.00 1955.60 138.20
Ircon Intl. Infra. Developers & Operators 4528.73 470.00 28-Sep-18 475.00 410.30 480.00 1.05
CreditAcc. Gram. Finance 11742.12 1131.00 23-Aug-18 422.00 393.00 812.10 92.44
HDFC AMC Finance 68077.40 2800.00 6-Aug-18 1100.00 1726.25 3190.55 190.05
TCNS Clothing Textiles 3662.91 1125.00 30-Jul-18 716.00 715.00 593.85 -17.06
Varroc Engineer Auto Ancillaries 6370.32 1945.00 6-Jul-18 967.00 1015.00 470.50 -51.34
Fine Organic Chemicals 7303.79 600.00 6-Jul-18 783.00 815.00 2375.75 203.42
Rites Infra. Developers & Operators 7976.76 460.00 6-Jul-18 185.00 190.00 318.00 71.89
Indostar Capital Finance 2518.58 1844.00 21-May-18 572.00 600.00 271.60 -52.52
Lemon Tree Hotel Hotels & Restaurants 4376.79 1038.00 9-Apr-18 56.00 61.60 55.30 -1.25
ICICI Sec Finance 15017.07 4016.00 4-Apr-18 520.00 431.10 464.55 -10.66
Mishra Dhatu Nig Steel 3073.32 439.00 4-Apr-18 90.00 87.00 163.40 81.56
Karda Construct. Construction 168.34 78.00 2-Apr-18 180.00 136.00 136.40 -24.22
Sandhar Tech Auto Ancillaries 1694.03 513.00 2-Apr-18 332.00 345.00 281.70 -15.15
*Closing price as on 30-01-2020
Everstone-run Burger King India gets SEBI nod for IPO
Burger King India Ltd, the national master franchisee of the American burger brand in India, has received a green signal from the Securities and Exchange Board of India to float its initial public offering (IPO). SEBI issued its final observations on Burger King India’s IPO proposal on January 24, according to the capital markets regulator’s website. The proposed IPO will involve private equity firm Everstone selling a quarter of its shares and the burger chain issuing fresh shares worth Rs 400 crore. The total IPO size is estimated at Rs 1,000 crore ($141 million), two people aware of the matter had told VCCircle earlier. The company will use Rs 290 crore out of the fresh net proceeds to roll out new company-owned restaurants and part of the money for general corporate purposes. The burger chain had filed its documents for the proposed IPO last November. At the time, it had 216 restaurants and eight sub-franchised restarants across India. Burger King is the second-largest burger brand globally as measured by the total number of restaurants; it had a global network of over 18,000 restaurants in more than 100 countries and US territories at the end of June 30, 2019.
ITI FPO subscription remains unchanged at 49% on 4th dayState-owned telecommunications technology company ITI's follow-on public offer was subscribed 49 percent on January 29, the fourth day of bidding. The Rs 1,400-crore further public offer (FPO) has received bids for 8.86 crore equity shares against offer size of 18.18 crore shares, as per data available on the NSE. The reserved category for retail investors has seen a 94 percent subscription, while that of qualified institutional buyers is 49 percent and non-institutional investors at 16 percent. Due to a muted response, the company on January 28 revised the offer price band to Rs 71-77 per share in consultation with the merchant bankers. It also extended the closing date for FPO by three days to January 31, 2020. The company intends to use issue proceeds to fund its working capital requirements as well as repay existing debt. After the issue, government shareholding in the company will reduce to 74.96 percent from 90 percent. ITI has 5 manufacturing units located at Mankapur, Bengaluru, Palakkad, Naini and Raebareli and an R&D center in Bengaluru.
Ontario Teachers’, Capital International eye 5% stake in NSE: ReportBig-ticker Canadian institutional investors -- the Ontario Teachers’ Pension Plan Board and Capital International Group -- are in separate talks to acquire stake in the National Stock Exchange (NSE) once it is listed. The NSE is planning an initial public offering (IPO) in Q3 FY20, subject to approval from the Securities and Exchange Board of India (SEBI), MD Vikram Limaye informed the Finance Ministry and SEBI at the end of 2019. For precedent, BSE raised close to Rs 1,243 crore via the IPO route in February 2017.
FIXED DEPOSIT MONITOR
FIXED DEPOSIT COMPANIES
` 20000/- BUT` 40000/-
IN MONTHLY
OPTION
HDFC LTD - SPECIAL DEPOSIT FOR TRUST(UPTO ` 2 CR.)
0.25% FOR SENIOR CITIZEN UPTO ` 2 CR.33M=7.45 - - 66M=7.45 - -
8 7.40 7.55 7.60 7.60 7.70 7.70ICICI HOME FINANCE (LESS THAN 1 CR.)
w.e.f 17 DEC'19 0.25% EXTRA FOR SR. CITIZEN
0.50% ADD. INTEREST TO SR. CITIZEN,EMPLOYEES, SHAREHOLDERS AND PERSON INVESTING ` 5 LACS AND ABOVE - MAX. 0.50%
8.00 - 8.25 8.35 - - - -J K LAKSHMI CEMENT LTD
7.50 - 7.50 7.50 - 7.25 7.25 -KTDFC (KERALA TRANSPORT) ` 10000/-11 0.25% EXTRA FOR SR. CITIZEN
M&M FINANCIAL SERVICES LTD (UPTO ` 1 CR.) 7.60 7.60 7.90 8.25 - 8.25 8.25 -13 ` 10000/-0.25% FOR SENIOR CITIZEN
7.80 - 8.00 8.60 - 8.70 8.75 -SHRIRAM TRANSPORT FINANCE-UNNATI SCHEME ` 5000/-
16
0.25% FOR SENIOR CITIZEN,0.25% EXTRA FOR RENEWALS
8.00 - 8.25 8.75 - 8.85 9.00 -SHRIRAM CITY UNION SCHEME ` 5000/-0.25% FOR SENIOR CITIZEN,0.25% EXTRA FOR RENEWALS
HDFC LTD - REGULAR DEPOSIT FOR INDIVIDUAL &TRUST (UPTO ` 2 CR.)
0.25% FOR SENIOR CITIZEN UPTO ` 1 CR.7.30 - 7.30 7.30 - 7.30 7.30 -
3
7.50 7.50 7.55 7.60 - - 7.60 -LIC HOUSING FINANCE LTD.(LESS THAN ` 20 CR.) ` 10000/-120.25% FOR SENIOR CITIZEN IF APP ABOVE ` 50,000/- & 0.10% IF APP UPTO ` 50,000/-
HDFC LTD - SPECIAL DEPOSIT FOR INDIVIDUAL(UPTO ` 2 CR.)
0.25% FOR SENIOR CITIZEN UPTO ` 2 CR.33M=7.50 - - 66M=7.50 - -
7
10
0.25% EXTRA FOR SR. CITIZEN- 25M= 30M= 39M= 51M= 61M= 84M= -
7.60% 7.65% 7.70% 7.70% 7.80% 7.90%
* Interest Rate may be revised by company from time to time. Please confirm Interest rates before submitting the application.
* For Application of Rs.50 Lac & above, Contact to Head Office.
* Email us at [email protected]
16
` 10000/-PNB HOUSING FINANCE LTD.(UPTO ` 5 CR.)
15
0.25% EXTRA FOR SR. CITIZEN UPTO RS.1 CRORE
12M 18M 24M 36M 48M 60M 84M
PERIOD
ADDITIONAL RATE OF INTEREST (%)
MIN.
INVESTMENT
(`)NBFC COMPANY - NAME S.NO
0.25% EXTRA FOR SR. CITIZEN OR 0.10% EXTRAFOR EXISTING CUSTOMER (15 DAYS GAP IN FIRST & SECOND DEPOSIT) & 0.10% EXTRA IN RENEWAL UPTO `5 CR.
1 BAJAJ FINANCE LTD.(UPTO ` 5 CR.) ` 25000/-7.60 - 7.90 8.10 - 8.10 8.10 -
2
HDFC LTD - PREMIUM DEPOSIT FOR INDIVIUAL (UPTO ` 2 CR.)
0.25% FOR SENIOR CITIZEN UPTO ` 2 CR.
5
15M=7.35 22M=7.45 30M=7.40 44M=7.45
` 10000/-
` 10000/-
14
HDFC LTD - REGULAR FOR INDIVIDUAL & TRUST(> ` 2 CR TO ` 5 CR)
0.25% FOR SENIOR CITIZEN UPTO ` 1 CR.7.35 - 7.35 7.35 - 7.35 7.35 -
4
HDFC LTD - PREMIUM DEPOSIT FOR TRUST(UPTO ` 2 CR.)
0.25% FOR SENIOR CITIZEN UPTO ` 2 CR.15M=7.40 - - 30M=7.40 - -
6
` 25000/-
8.00 - 8.00 8.10 - 8.10 8.15 8.15
9ICICI HOME FINANCE (LESS THAN 1 CR.)
w.e.f 17 DEC'19
INDUSTRY & FUND UPDATE
Kotak Mutual Fund announced the creation of segregated portfolio
Kotak Mutual Fund announced the creation of segregated portfolio in line with the provisions of SEBI circular and modifies the Scheme Information
Document (SID) of Kotak Liquid Fund, Kotak Money Market Fund, Kotak Dynamic Bond Fund, Kotak Low Duration Fund, Kotak Bond Short Term Fund,
Kotak Savings Fund, Kotak Banking and PSU Fund and Kotak Corporate Bond Fund. This would come into effect from Feb 26, 2020. Segregated portfolio
refers to those debt or money market instruments, which have been impacted by a credit event, i.e. experienced a credit downgrade to below
investment grade. This portion of the portfolio is excluded from the main portfolio.
DSP Mutual Fund announced the change in exit load of DSP Bond Fund
DSP Mutual Fund announced the change in exit load of DSP Bond Fund. As per the revised structure, no exit load will be applicable effective Feb 1, 2020.
BOI AXA announced the change in fund management of BOI AXA Short Term Income Fund
BOI AXA announced the change in fund management of BOI AXA Short Term Income Fund to Alok Singh and Amit Modani, BOI AXA Equity Debt Rebalancer
Fund to Amit Modani and Ajay Khandelwal and BOI AXA Ultra Short Duration Fund to Amit Modani with effect from Jan 23, 2020.
L&T Mutual Fund announced change in scheme name
L&T Mutual Fund announced the name in name of L&T Cash Fund to L&T Overnight Fund with effect from Feb 1, 2020
Motilal Oswal Mutual Fund announced the change in benchmark of Motilal Oswal Dynamic Fund
Motilal Oswal Mutual Fund announced the change in benchmark of Motilal Oswal Dynamic Fund from CRISIL Hybrid 35+65 - Aggressive TRI to CRISIL
Hybrid 50+50 - Moderate Index TRI effective Jan 28, 2020.
Invesco Mutual Fund announced change in total expense ratio (TER) of Invesco India Ultra Short Term Fund
Invesco Mutual Fund announced the change in total expense ratio (TER) of Invesco India Ultra Short Term Fund from 0.40% to 0.25% with effect from
Jan 30, 2020.
MUTUAL FUND
17
Scheme Name SBI Capital Protection Oriented Fund - Series A (Plan 7)
Fund Type Close Ended
Fund Class Income
Opens on 27-Jan-2020
Closes on 10-Feb-2020
Investment Objective To protect the capital by investing in high quality fixed income securities that are maturing on or before the maturity of the Scheme as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective.
Min. Investment 5000
Scheme Name ITI Mutual Fund
Fund Type Open ended
Fund Class Equity Scheme - Small Cap Fund
Opens on 27-Jan-2020
Closes on 10-Feb-2020
Investment Objective To generate capital appreciation by predominantly investing in equity and equity related securities of small cap companies. However, there can be no assurance that the investment objective of the scheme would be achieved.
Min. Investment 5000
Fund Manager Mr. George Heber Joseph, Mr. Pradeep Gokhale
NEW FUND OFFER
Scheme Name Axis ESG Equity Fund
Fund Type Open Ended
Fund Class Equity Scheme - Sectoral/ Thematic
Opens on 22-Jan-2020
Closes on 05-Feb-2020
Investment Objective To generate long term capital appreciation by investing in a diversified portfolio of companies demonstrating sustainable practices across Environmental, Social and Governance (ESG) parameters. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Min. Investment Rs. 5,000 and in multiples of Re. 1/- thereafter
Fund Manager Mr. Jinesh Gopani, Mr. Hitesh Das (for Foreign Securities)
Note: Indicative corpus are including Growth & Dividend option . The above mentioned data is on the basis of 30/01/2020Beta, Sharpe and Standard Deviation are calculated on the basis of period: 1 year, frequency: Weekly Friday, RF: 6%
MUTUAL FUND Performance Charts
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
BOI AXA Tax Advantage Fund - Reg - G 57.41 25-Feb-2009 254.31 5.86 20.08 24.56 13.22 17.33 1.61 0.93 0.17 56.69 31.13 9.31 2.87
Axis Long Term Equity Fund - Growth 50.15 29-Dec-2009 21037.70 2.28 15.09 24.44 16.04 17.32 1.69 0.98 0.16 74.81 22.08 1.66 1.46
Motilal Oswal Long Term Equity F- Reg - Gh 19.20 21-Jan-2015 1574.17 3.51 18.73 21.86 12.11 13.86 1.72 0.95 0.14 68.02 24.84 5.55 1.59
BNP Paribas Long Term Equity Fund - G 42.35 05-Jan-2006 472.43 4.65 12.95 20.17 12.06 10.80 1.51 0.91 0.14 66.97 20.73 5.96 6.34
Kotak Tax Saver Fund - Reg - Growth 48.59 23-Nov-2005 1000.72 7.33 14.47 20.05 11.93 11.78 1.57 0.95 0.12 58.39 29.21 10.26 2.14
DSP Tax Saver Fund - Growth 52.23 18-Jan-2007 6063.37 2.59 12.43 19.54 10.64 13.51 1.67 1.02 0.11 73.97 13.68 8.26 4.09
LIC MF Tax Plan - Growth 74.18 31-Mar-1997 251.75 4.93 15.75 18.96 12.98 9.17 1.48 0.89 0.10 57.23 31.06 4.30 7.41
TAX Fund
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
Axis Small Cap Fund - Reg - Growth 34.60 29-Nov-2013 1276.67 10.26 25.59 33.13 15.73 22.27 1.47 0.67 0.31 N.A 15.71 65.54 18.75
IIFL Focused Equity Fund - Reg - Growth 18.72 30-Oct-2014 448.10 7.21 16.92 32.33 13.62 12.67 1.55 0.90 0.29 59.52 24.91 5.59 9.99
DSP Equity Fund - Reg - Growth 44.26 07-Jun-2007 3020.97 4.32 16.90 25.15 12.82 12.47 1.75 1.04 0.18 72.10 19.16 6.90 1.85
Axis Focused 25 Fund - Growth 31.35 29-Jun-2012 8759.16 3.23 15.55 25.05 17.21 16.24 1.70 1.02 0.16 80.03 13.68 N.A 6.29
SBI Focused Equity Fund - Growth 157.56 17-Sep-2004 6281.98 5.54 13.72 24.65 16.57 19.64 1.59 0.93 0.18 56.25 20.03 11.02 12.70
DSP Focus Fund - Growth 25.94 10-Jun-2010 1987.18 3.93 17.38 24.41 10.42 10.39 1.87 1.17 0.15 87.24 10.69 1.27 0.80
Motilal Oswal Midcap 30 F - Reg - G 28.18 24-Feb-2014 1686.87 7.54 23.83 21.94 7.65 19.08 1.85 0.88 0.18 29.60 67.84 N.A 2.56
EQUITY (Diversified)
Annualised
Returns (%) RiskAverage Yield till
Scheme Name NAV Launch QAAUM Since Std. Sharpe
1W 2W 1M 6M 1Y 3YMaturity (Years) Maturity
(`) Date (`Cr.) Launch Dev.
Nippon India Nivesh Lakshya Fund - Reg - G 12.35 06-Jul-2018 609.19 1.82 8.43 4.16 0.86 13.83 N.A 14.41 44.53 0.16 25.08 7.11
SBI Dynamic Bond Fund - Growth 25.29 09-Feb-2004 1145.36 7.93 10.63 6.75 6.12 13.68 7.16 5.98 21.73 0.31 3.82 6.22
L&T Triple Ace Bond Fund - Reg - Growth 51.16 31-Mar-1997 1917.19 -0.62 9.91 6.04 6.50 13.15 6.41 7.41 27.45 0.24 8.28 7.58
ICICI Prudential Long Term Bond Fund - G 65.09 09-Jul-1998 811.10 5.66 19.87 4.32 3.69 13.02 7.36 9.07 33.36 0.19 11.68 7.44
SBI Magnum Income Fund - Growth 49.49 25-Nov-1998 1215.29 9.42 15.29 9.82 10.33 12.56 7.37 7.81 20.86 0.28 5.53 7.64
Nippon India Income Fund - G P - G 64.77 01-Jan-1998 278.59 9.78 17.82 3.88 4.45 12.21 6.37 8.82 25.92 0.21 9.41 6.90
IDFC D B F - Reg - Growth 24.37 03-Dec-2008 2062.38 10.89 24.80 5.35 5.38 11.88 6.89 8.31 29.44 0.18 11.71 7.06
INCOME FUND
HDFC Short Term Debt Fund - Growth 22.29 25-Jun-2010 9412.66 8.76 11.73 9.18 9.24 9.93 7.73 8.70 8.80 0.39 3.05 7.17
Sundaram Banking & PSU Debt Fund - G 28.39 30-Dec-2004 1173.56 8.24 8.35 8.14 9.01 10.08 7.50 7.15 9.68 0.37 1.53 6.51
DSP Banking & PSU Debt Fund - Reg - G 17.02 14-Sep-2013 2144.46 11.48 12.59 9.88 8.95 10.26 7.22 8.69 12.33 0.30 2.99 6.73
SBI Corporate Bond Fund - Reg - Growth 11.05 01-Feb-2019 8576.02 10.78 12.78 10.00 8.87 N.A N.A 10.58 12.42 0.33 2.61 6.87
Returns (%) Risk Average Yield tillScheme Name NAV Launch QAAUM Since Std. Sharpe
1W 2W 1M 6M 1Y 3YMaturity (Years) Maturity
(`) Date (`Cr.) Launch Dev.
IDFC Banking & PSU Debt Fund - Reg - G 17.44 07-Mar-2013 11588.40 9.79 13.51 10.62 9.74 11.63 8.14 8.39 15.01 0.33 3.14 6.95
DSP Corporate Bond Fund - Reg - Growth 11.64 10-Sep-2018 835.82 11.31 11.33 10.18 9.71 11.20 N.A 11.58 12.18 0.37 2.35 6.85
Kotak Credit Risk Fund - Reg - Growth 21.91 11-May-2010 4881.94 9.30 10.82 10.78 9.53 9.25 7.18 8.40 8.12 0.35 2.70 8.94
SHORT Due to their inherent short term nature, Short term funds have been sorted on the basis of 6month returns
Annualised
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
DSP Equity & Bond Fund - Growth 168.18 27-May-1999 6224.40 3.61 13.33 20.18 9.85 14.61 1.32 0.13 54.38 14.55 5.35 25.72
Kotak Equity Hybrid Fund - Growth 27.25 05-Nov-2014 1445.27 5.05 12.36 19.40 8.47 8.58 1.32 0.12 53.68 14.84 11.37 20.11
Axis Equity Hybrid Fund - Reg - Growth 11.31 09-Aug-2018 1780.63 1.62 12.31 19.18 N.A 8.69 1.20 0.12 65.61 3.90 1.76 28.73
SBI Equity Hybrid Fund - Growth 147.60 09-Oct-1995 30870.50 3.87 9.92 18.05 12.06 15.57 1.12 0.11 56.28 11.86 4.59 27.26
Canara Robeco Equity Hybrid Fund - G 171.41 01-Feb-1993 2650.90 3.67 10.82 15.12 11.16 11.24 1.13 0.06 50.72 14.61 1.88 32.78
Sundaram Equity Hybrid Fund - Reg - G 97.75 23-Jun-2000 1793.22 3.13 9.92 14.77 10.67 12.24 1.12 0.07 53.20 17.97 2.90 25.92
Invesco India Equity & Bond Fund - Reg - G 11.26 30-Jun-2018 418.49 1.75 11.84 13.95 N.A 7.76 1.16 0.06 44.45 26.66 1.35 27.54
BALANCED
18
*Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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as on 31st March, 2019
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