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Sep12th, 2014

MID SESSION REPORT

Major Headlines:

Market Summary:

Microeconomic Front:

Corporate Front:

Currency Updates:

Events for the day:

Global Signals:

Sectoral & Stock Screening:

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Sensex, Nifty volatile ahead of CPI, IIP data release

THE INDIAN MARKETS IS TRADING VOLATILE AHEAD OF IIP AND CPI DATA RELEASE TODAY. HINDALCO, SUNPHARMA, NTPC ARE THE LAGGARDS AND CIPLA, ITC GAIL THE GAINERS.

Major headlines:

Industry data to signal stuttering economic revival

India’s love affair with gold may be over. Price down

BPCL offers first Euro III diesel cargoes for export

traders

INDEX PERFORMANCE

Indices Support Resistance

Sensex 26880 27130

Nifty 8050 8125

Indian Indices: Indian benchmarks continued to hold their head above water with investors keenly eyeing the August CPI and July

industrial production data to be released later today. Besides, some

traders were also cautious ahead of Supreme Court verdict which

may come any time before September 27, 2014. Some support also came in from reports that foreign portfolio investors (FPIs) bought

shares worth a net Rs 433.55 crore on September 11, 2014.

Meanwhile, gains at Dalal Street were led by stocks belonging

from Consumer Durables, FMCG and Oil & Gas counters.

On the other hand, Shares of Sun Pharmaceutical Industries and

Ranbaxy Laboratories have dipped on reports of drug regulator,

US Food and Drug Administration (FDA) conducting a surprise inspection of the Sun Pharma’s manufacturing plant at Halol in

Gujarat.

The BSE Sensex is currently trading at 27023.50 up by 27.63

points or 0.10% after trading in a range of 27065.02 and 26997.33.

There were 16 stocks advancing against 14 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap

index was up by 0.29%, while Small cap index gained 0.52%.

The CNX Nifty is currently trading at 8,089.25 up by 3.55 points

or 0.04% after trading in a range of 8,102.95 and 8,080.20.

MARKET INDICATORS

Group A Top Gainers

Company Price (Rs) % chg

Bhushanstl 134.95 4.98

Muthootfin 198.60 4.66

Amaraja 623.05 4.10

ExideInd 170.80 3.67

Group A Top Losers

Ranbaxy 604.85 -2.82

JPAssociate 35.60 -2.60

MAX 351.00 -2.55

JP infra 29.05 -2.35

Market Statistics

BSE NSE

Advances 1434 726

Declines 937 660

Market Sentiment:

The market breadth on BSE was positive, out of 2449

stocks traded, 1434 stocks advanced, while 937 stocks

declined on the BSE.

Events for the day: *Business Inventories

*U. of Michigan Confidence

Results: Max India |Bharat Electron |Nati. Aluminium |

Oracle Fin Serv. |

IPO: New Listing: Snowman Logistic

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Microeconomic Front: India's farm subsidies are well below the WTO's cap of 10 per cent and the developed world should

move ahead with finding a permanent solution for stock piling of grains for food security purposes.

According to a WTO filing, India has given a total farm subsidy of USD 56 billion, of which trade

distorting subsidy amounts to only USD 13.8 billion for 23 commodities, including rice and wheat.

Corporate Front:

The Reserve Bank of India (RBI) has cancelled the licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, Uttar Pradesh t following which it would not be able to conduct business. "The

Reserve Bank of India has, on September 1, 2014, cancelled the licence of The Mirzapur Urban Co-

operative Bank Ltd., Mirzapur, Uttar Pradesh to carry on banking business under Section 22 of the Banking Regulation Act, 1949.

Currency Updates:

Top Currencies Rates based on USD rates:

Currency Unit USD / Unit Unit / USD

USD 1.00000 1.00000

EUR 0.77377 1.29237

GBP 0.61596 1.62348

CAD 1.10508 0.90491

AUD 1.10412 0.90569

JPY 107.244 0.00932

INR 60.8652 0.01643

On the Global Front:

The US markets made a mixed closing in last session after an unexpected increase in initial jobless

claims, though there was some recovery in the late

trade but the market mood remained lackluster. The Asian markets, after making a good start, were

trading mixed at this point of time after report that

China’s aggregate financing and money-supply

growth missed estimates.

Asian markets were trading mixed; Straits Times was surged 0.07%, Nikkei 225 strengthen by 0.38%,

KOSPI Index increased by 0.47% and Jakarta

Composite added by 0.13%. On the flip side FTSE Bursa Malaysia KLCI down by 0.12%, Shanghai

Composite was down by 0.08%, Hang Seng

contracted by 0.38% and Taiwan Weighted was down by 0.93%.

Nifty Movers:

The top gainers on Nifty were Asian Paints up by

1.71%, Maruti Suzuki up by 1.14%, ITC up by

1.04%, Bajaj Auto up by 0.88% and BPCL up by 0.85%. On the flip side, Sun Pharma down by

2.77%, Power Grid down by 1.34%, HCL Tech

down by 1.29%, Hindalco down by 1.27% and Ultratech Cement down by 1.13% were the top

losers.

Top Sectoral & Stock Screening:

The gaining sectoral indices on the BSE were Consumer Durables up by 1.10%, FMCG up by

0.59%, Oil & Gas up by 0.33%, Auto up by 0.27%

and Infrastructure up by 0.11%, while Metal down by 0.30%, Power down by 0.29%, Bankex down by

0.09%, IT down by 0.08% and Realty down by

0.07% were the losing indices on BSE.