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Sep18th, 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 soars over 300 pts, Nifty up 1%

THE INDIAN MARKETS IS FIRING AWAY WITH HEFTY GAINS ON HOPES OF FAVOURABLE AGREEMENTS

WITH VISITING CHINESE PRESIDENT XI JINPING. OVERALL NIFTY UP1% AFTER THIS.

Major headlines:

Alibaba in talks with snapdeal to enter India

Dollar soars to six year peak on yen after Fed

U.S to press India on trade row during Modi’s

Washington visit

INDEX PERFORMANCE

Indices Support Resistance

Sensex 26540 26880

Nifty 7945 8060

Indian Indices: Indian equity benchmarks extended early gains to continue firm trade in late morning session, hovering near intra-day

high level amid a rally in Realty, Consumer Durables and Capital

Goods stocks. Sentiment on the street improved due to the US

Federal Reserve’s decision to keep interest rates near zero for a considerable time. Besides, markets were also enthusiastic about

China's President Xi Jinping’s visit in India. Some support also came

in as Reserve Bank of India has allowed companies to issue equity shares to a resident outside India against any type of fund subject to

certain conditions. At present, Sensex and Nifty were trading above

the crucial 26,850 and 8,050 levels respectively, with gains of over 0.25%. Apart from blue chips, broader indices too equally

participated in the gain with both mid cap and small cap indices

trading up by over a percentage point.

The BSE Sensex is currently trading at 26867.93 up by 236.64 points

or 0.89% after trading in a range of 26895.07 and 26503.08. There were 27 stocks advancing against 3 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index

was up by 1.45%, while Small cap index gained 2.23%.

The CNX Nifty is currently trading at 8,054.70 up by 79.20 points or 0.99% after trading in a range of 8,058.50 and 7,939.70. There were

46 stocks advancing against 4 declining on the index.

MARKET INDICATORS

Group A Top Gainers

Company Price (Rs) % chg

Unitech 25.20 9.80

HDIL 62.30 7.95

IBRealest 68.70 6.59

JPinfratec 27.00 6.09

Group A Top Losers

Bhushanstl 131.15 -1.28

Ramcocem 312.60 -1.25

HUL 750.00 -0.65

M&M 1373.70 -0.64

Market Statistics

BSE NSE

Advances 1275 814

Declines 1148 510

Market Sentiment:

The market breadth on BSE was positive, out of 2420

stocks traded, 1800 stocks advanced, while 547

stocks declined on the BSE.

Events for the day:

*Foreign Buying Japan Bonds (Yen) *Foreign Buying Japan Stocks

Results:

Reliance Infra |Cummins India |BPCL |Oil India IPO: Issue Open: Ultracab India,

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Microeconomic Front: Bank credit growth continued to remain sluggish with addition being a tepid 9.6 per cent to Rs 61,40,925

crore for the fortnight to September 4, according to data released by the Reserve Bank of India. However,

during this period, deposits grew at a healthy 14 per cent to Rs 81,32,714 crore.

Corporate Front:

Under terms of the agreement, Sun Pharma will acquire worldwide rights to Tildrakizumab for use in all

human indications from Merck in exchange for an upfront payment of USD 80 million, the companies said in a joint statement. Merck is eligible to receive undisclosed payments associated with regulatory

(including product approval) and sales milestones, as well as tiered royalties ranging from mid-single

digit through "teen percentage" rates on sales, the joint statement said.

Currency Updates:

Top Currencies Rates based on USD rates:

Currency Unit USD / Unit Unit / USD

USD 1.00000 1.00000

EUR 0.77711 1.28682

GBP 0.61335 1.63039

CAD 1.10061 0.90859

AUD 1.11495 0.89690

JPY 108.718 0.00920

INR 61.0592 0.01638

On the Global Front:

Asian shares rose after the Federal Reserve's monetary policy announcement. Though, the trade

remained volatile but traders seemed pleased that the

Fed reiterated its pledge to keep interest rates low for a 'considerable time'. Back home, Indian rupee fell

by 25 paise to 61.17 against the US currency in early

trade due to dollar's gains against other currencies

overseas. Asian markets were trading mostly in the green;

Straits Times was surged 0.15%, Nikkei 225 jumped

by 1.24%, Jakarta Composite gained 0.43%, Shanghai Composite added by 0.50% and Taiwan

Weighted was up by 0.25%. On the flip side FTSE

Bursa Malaysia KLCI dipped by 0.27%, Hang Seng declined by 0.69% and KOSPI Index was down by

0.79%.

Nifty Movers:

The top gainers on Nifty were Jindal Steel & Power

up by 3.07%, Hero MotoCorp up by 2.75%, DLF up by 2.40%, BPCL up by 2.39% and Sun Pharma up

by 2.09%. On the flip side, Infosys down by 1.54%,

Mahindra & Mahindra down by 0.70%, United Spirits down by 0.68% and Hindustan Unilever

down by 0.62% were the only losers.

Top Sectoral & Stock Screening:

The gaining sectoral indices on the BSE were Realty up by 2.69%, Consumer Durables up by 2.13%,

Capital Goods up by 1.63%, Oil & Gas up by 1.48% and PSU up by 1.39%, while there were no losing

indices on BSE.