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SWASTIKA INTELLIGENCE GROUP 24th December 2013 MARKET COMMENTARY

Trading of CNX Nifty futures on the Singapore stock exchange indicates a flat opening of the domestic bourses. Asian stocks gained on Tuesday after data showed the US economic recovery gaining momentum. The market may remain volatile this week, which is a truncated trading week, as traders roll over positions in the futures & options (F&O) segment from the near month December 2013 series to January 2014 series. The near month December 2013 derivatives contract expire on Thursday, 26 December 2013.

Foreign institutional investors (FIIs) bought shares worth a net Rs 135.42 crore on Monday, 23 December 2013, as per provisional data from the stock exchanges. Asian stocks gained on Tuesday after data showed the US economic recovery gaining momentum. Key benchmark indices in China, Hong Kong, Japan, Taiwan, Singapore and South Korea rose 0.06% to 0.84%. In Indonesia, Jakarta Composite was off 0.18%. US stocks on Monday jumped to new records after strong economic data gave new momentum to last week's rally. US household purchases, which account for almost 70 percent of the economy, rose 0.5% after a 0.4% gain in October that was larger than previously estimated, the Commerce Department reported in Washington.

INDIAN MARKETS As On Monday, 23rd December, 2013

Particulars BSE SENSEX Nifty 50

Current Value 21101.03 6284.50

Points +21.31 +10.25

% Change +0.10 +0.16

High 21207.89 6317.50

Low 21059.12 6266.95

Previous Close 21079.72 6274.25

WORLD INDICES

US & European Markets As On, Monday, 23rd Dec, 2013

Asian Markets As On, Tuesday, 24th Dec, 2013 at 9:00 A.M

Index Last* Net Change

SGX Nifty 6308.50 +4.50

Nikkei 225 15995.21 +124.79

Shanghai 2110.97 +21.26

Hang Seng 23132.07 +210.51

Dow Jones 16294.61 +73.47

Nasdaq 4148.90 +44.16

FTSE 6678.61 +72.03

CAC 4215.29 +21.52

DAX 9488.82 +88.64

FII Activity in Derivatives Segment (Rs. in Crore)

SEGMENT Buy Sell Open Interest INDEX FUTURES 6314.49 5777.23 19488.94

INDEX OPTIONS 10980.79 10859.38 58661.41

STOCK FUTURES 12011.37 11965.24 35771.10

STOCK OPTIONS 1059.93 1114.39 1559.70

Commodities Units Price Change

Crude Oil (Brent) $/bbl 98.66 -0.25

Comex Gold $/oz. 1197.70 +0.70

Comex Silver $/oz. 19.36 -0.06

TURNOVER IN CASH (Rs. In Crore)

NSE BSE 11285.95 2044.15

C O R P O R A T E N E W S L E T T E R

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Malaysia Airports -To buy 40 percent stake in Istanbul Airport from GMR Infrastructure -To buy GMR Infra's stake in Istanbul Airport at 225 million euros NHPC -In pact with Orissa government to form JV for 6 hydel projects -Orissa Hydel projects to have total capacity of 1,020 MW Competition Commission of India (CCI) -Approves Ultratech Cement 's buy of Jaypee Cement units (subsidiary of Jaiprakash Associates ) -UltraTech Cement to seek shareholders’ approval on January 20 FIPB -To meet on December 30 to consider 12 proposals -To consider Vodafone, Tesco, HDFC Bank FDI proposals Tata group companies in focus -Promoter got pledge on 1.5 crore Tata Motors shares released December 20 -Promoter got pledge on 1 crore Tata Communications shares released December 20 -Promoter got pledge on 2.135 crore Tata Power shares released December 20 -Promoter Tata Sons got pledge on 87 lakh TCS shares released December 20 F&O inclusion - Mahindra & Mahindra Financial and Apollo Hospital -Inclusion in the F&O space from next contract onward Tata Housing -In pact with Alstom T&D India to buy Bangalore unit land -To buy Alstom T&D's 20-acre Bangalore unit land for Rs 120 crore HDFC MF -In pact to buy all 8 schemes of Morgan Stanley MF in India -Acquires combined assets of 8 schemes worth Rs 3,290 crore

Indian ADRs Update

Company Price ($) Change Change (%)

M T N L 0.41 0.04 9.46

HDFC Bank 34.57 0.46 1.35

Sesa Sterlite 13.02 0.13 1.01

Wipro 12.61 0.12 0.96

Tata Motors 30.57 0.22 0.72

ICICI Bank 36.56 0.20 0.55

Dr Reddy's Labs 40.96 0.07 0.17

Tata Steel 14.68 0.00 0.00

Infosys 56.88 -0.12 0.21

NEWS UPDATES

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Report Prepared by Designation E-mail ID Sonakshi Bahety Research Associate sonakshi.bahety@swastika.co.in RESEARCH TEAM SWASTIKA INTELLIGENCE GROUP research@swastika.co.in Santosh Sahu Research Head santosh.sahu@swastika.co.in Santosh Meena Derivatives & Technical Analyst santosh.meena@swastika.co.in Amit Khare Commodity Analyst amit.khare@swastika.co.in Vishnu Shreekar Commodity Analyst vishnu.shreekar@swastika.co.in Saloni Gupta Research Associate salony.gupta@swastika.co.in