110604 - weekly
Post on 07-Apr-2018
221 Views
Preview:
TRANSCRIPT
-
8/6/2019 110604 - Weekly
1/17
Saturday, June 04, 2011
1Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Headlines
(Global Economy) Canada's GDP expanded at a 3.9% in the first quarter of 2011
(Indian Economy) India's economy grew by 7.8% in the Q4FY11
(Economic Calendar)
(Global and Domestic Stock Markets)
(Derivative Analysis) Nifty May Futures closed at 5523.50
(Technical Analysis) Nifty Support levels are at 5460-5400 and Resistance 5610-5710.
(Weekly Recommendations) Tata Power & Tata Global
(Sector & Company Highlights)
(MF Industry update)
-
8/6/2019 110604 - Weekly
2/17
.
Saturday, June 04, 2011
2Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Global Economy
U.S household spending rose 0.4% after a revised 0.5% March
gain. The number of Americans signing contracts to buy previously
owned homes fell 12% last month. The report also showed incomes
climbed 0.4% in April & savings rate held at 4.9%. The Institute for
Supply Managements factory index fell to 53.5 last month, from
60.4 in April. Companies in the U.S. added 38,000 workers last month
according to ADP Employer Services & planned firings dropped
4.3% to 37,135 last month from May 2010. Also the ISMs production
ndex decreased to 54 from 63.8 in April. Canadas GDP expanded
at a 3.9% annualized pace from January through March after a
previous 3.1% expansion. The central bank predicts growth will
slow to a 2% pace in the April-June quarter, and exports are
hreatened by a strong dollar and auto production curbed by
Japans earthquake and tsunami.
European Union leaders will decide on additional aid for Greece by
he end of June and have ruled out a total restructuring of the
nations debt. The IMF and the ECB are set to wrap up a review of
Global Economic Indicators (As on June 2, 2011)
Commodities and Currencies
Gold futures rose in a week on speculation that the Federal Reserve
will keep interest rates low to stimulate the U.S. economy. Gold
futures for August delivery settled at USD 1,542.40 an ounce on
he Comex division climbing 0.3% this week. The Bloomberg-
Source: Economist
Greeces progress in meeting the terms of last years EURO 110 bn
(USD 158 bn) bailout in coming days. Under the terms of the rescue
package, Greece was due to return to financial markets and sell
about EURO 30 bn of bonds next year. With its 10-year bonds yielding
16.4%, more than twice that of the time of the bailout, the EU has
indicated Greece will need more aid to plug its financing gap.
German unemployment fell in May as export-driven growth and
increased spending by businesses and consumers extended a jobs
boom. The number of people out of work dropped a seasonally
adjusted 8,000 to 2.97 mn & the jobless rate declined to 7%. Declining
unemployment in Europes biggest economy underscores German
resilience in the face of a clampdown on budget deficits by euro-
area governments buffeted by the debt crisis and rising fuel prices
that crimp household spending. Retail sales edged up in April after
declining in March.
JPMorgan Asia Dollar Index, which tracks the 10 most-active
currencies, climbed 0.2% for the week as demand for the dollar
waned after Moodys Investors Service said the U.S. risks losing its
top credit rating.
Economic Indicators (%) US EU Japan UK China Brazil Russia
GDP 2.3 2.5 -1.0 1.8 9.7 5.00 4.1
Industrial Production 5.0 5.3 -14.0 0.7 13.4 -1.3 4.5
Consumer Price Index 3.2 2.7 0.3 4.5 5.3 6.5 9.6
Unemployment Rate 9.0 9.9 4.7 7.7 6.1 6.4 7.2
Current Account Balance % of GDP -3.4 -0.4 2.7 -2.0 3.3 -2.8 5.6
Trade Balance -677.7 -25.4 75.4 -151.6 179.0 23.1 158.8
-
8/6/2019 110604 - Weekly
3/17
Saturday, June 04, 2011
3Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Indian Economy
Indias economy grew by just 7.8% in the Q4FY11 as against 9.4% in
Q4FY10. However, it improved to 8.5% in FY11 from 8% in FY10.
During Q4FY11, growth in the manufacturing sector slowed down
o 5.5% from 15.2% in Q4FY10. In addition, the mining and quarrying
sector grew by only 1.7% in Q4FY11, as against 8.9% in Q4FY10.
Furthermore, the trade, hotels, transport and communications
segment grew by 9.3% in Q4FY11, as against 13.7% expansion in
Q4FY10. Farm output grew by 7.5% during Q4FY11 compared to a
meagre 1.1% in Q4FY10.
Exports jumped 34.42% in April 2011 to USD 23.8 bn & Imports, to
rise at a lower pace at 14.13% to USD 32.8 bn. The trade deficit for
April 2011 was estimated at USD 8.98 bn which was lower than the
deficit of USD 11.02 bn during April 2010. Oil imports during April,
2011 were valued at USD 10.18 bn which was 7.7% higher than oil
mports of USD 9.45 bn in the corresponding period last year. Non-
oil imports during April, 2011 were estimated at USD 22.64 bn which
was 17.3% higher than non-oil imports of USD 19.31 bn in the
previous year.
Indian Debt Markets
RBI sold INR 120 bn of bonds, the bank set a cut-off price of INR97.75 at the auction of the 8.13%, 2022 bonds, yielding 8.4401%. The
Source: CCIL
Source: CCIL
Indian Currency Movement
Rupee completed its first weekly gain since April as overseas
nvestors pumped money into the nations stocks.
The output of six core infrastructure industries rose at its slowest
pace in last five month. The output of six infrastructure industries
rose 5.2% in April 2011 against 7.4% expansion in March. The
moderation in growth is mostly a result of negative growth in
cement, -1.1%, and significantly slower growth in finished steel,
down to 4.3% from 12.9% in April last year. In addition, petroleum
refinery products and coal both performed better this April than in
2010. The former grew at 6.6% compared to 5.3% last year and the
latter at 2.9% compared to -2.9%.
Indias food price index rose 8.06% for the week ended May 21,
slowing down from an annual rise of 8.55% a week ago. The fuel
price index climbed 12.54% compared with a rise of 12.11% a week
earlier. The primary articles price index was up 10.87%, compared
with an annual rise of 11.6% a week earlier. The weekly food inflation
has slowed from the double-digit rise for much of 2010, but headline
inflation at 8.66% in April remains considerably above the central
banks comfort level and will pressure rates higher.
cut-off price for the 7.59 percent 2016 bonds came in at INR 96.80,yielding 8.4027%. The 10-year benchmark bond yield was at 8.28%.
The rupee gained 0.8% this week to 44.815 per dollar.
Annualized Rate
(current)
Annualized Rate
(last month)
Headline Inflation
(WPI)8.66
Primary Products 12.05 12.96
Fuel Power and
Lubricants13.32 12.92
Manufactured
Goods6.18 6.21
Headline Inflation by WPI (%) (Apr11)
8.98
Internals
Current 1 Week
Change
Weekly 1 Year
Change
annual
USD 44.85 45.21 (0.79) 46.54 3.63
GBP 73.29 74.31 (1.37) 67.78 (8.12)
Euro 64.89 64.4 0.76 57.38 (13.08)
Yen 55.59 55.79 (0.35) 51.05 (8.89)
1 Year Gilt 8.16
Debt Market Yields (%)
INR Exchange Rate (As on June 3, 2011)
10 year Gilt 8.28
-
8/6/2019 110604 - Weekly
4/17
.
Saturday, June 04, 2011
4Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Economic Calendar
Date Event Period Prior
9-Jun Food Articles WPI YoY 28-May 8.06%
9-Jun Fuel Power Light WPI YoY 28-May 12.54%
9-Jun Primary Articles WPI YoY 28-May 10.87%
10-Jun Industrial Production YoY APR 7.30%
India US
Date Event Period Prior
7-Jun IBD/TIPP Economic Optimism JUN 42.80
8-Jun Consumer Credit APR $6.016B
8-Jun MBA Mortgage Applications 3-Jun -4.00%
9-Jun Initial Jobless Claims 3-Jun 422K
9-Jun Trade Balance APR -$48.2B
9-Jun Wholesale Inventories APR 1.10%
10-Jun Import Price Index (MoM) MAY 2.20%10-Jun Import Price Index (YoY) MAY 11.10%
Gold/Silver(Spot)
800
900
1000
1100
1200
1300
1400
1500
1600
1700
Jun- 10 J ul-10 Aug-10 Oct-10 Nov-10 Dec-10 Feb-11 Mar-11 May-11
Gold($/OZ)
10
15
20
25
30
35
40
45
50
55
Silver($/OZ)
Silver Gold
CrudeOil
60
70
80
90
100
110
120
Jun-10 Jul-10 Aug-10 O ct-10 N ov-10 Dec-10 Feb -11 Mar-11 May-11
Price(USD)
300
310
320
330
340
350
360
370
380
390
400
(MillionBarrels)
Inventory
Inventory CrudeOil
Currencies
1.1
1.15
1.2
1.25
1.3
1.35
1.4
1.45
1.5
1.55
Jun-10 Jul-10 Aug-10 O ct -10 N ov -10 Dec -10 Feb-11 M ar-11 M ay-11
USD/EUR
1.4
1.45
1.5
1.55
1.6
1.65
1.7
1.75
1.8
USD/GBP
USD/EUR USD/GBP
Currencies
0.0095
0.01
0.0105
0.011
0.0115
0.012
0.0125
0.013
Ju n- 10 J ul -10 A ug -10 Oct-10 N ov-10 D ec-10 F eb -11 M ar-11 M ay -11
USD/JPY
0.7
0.75
0.8
0.85
0.9
0.95
1
1.05
1.1
1.15
USD/AUD
USD/JPY USD/AUD
-
8/6/2019 110604 - Weekly
5/17
Saturday, June 04, 2011
5Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Global and Domestic Stock Markets
Global
Global markets continued to trade with negative bias with weak disappointing
data. Dow Jones, Nasdaq, S&P 500 were all lower for the week. European markets
also ended negative. Similar volatility was seen in Asian markets with Hangseng
and Nikkei ending negative. In the commodities market, NYMEX Crude traded
below the $100 levels and Gold traded higher near $1541 levels in the week. On
the economic front, Nonfarm payrolls rose by just 54,000 in May, below analyst
expectations, the unemployment rate rose to 9.1% from 9.0% in April. The small
gain in employment is the weakest monthly job growth since September. The
job report gives gloomy picture of the US economy and bearish in the markets
is likely to continue in short term. US Data to watch next week: Consumer Credti,Initial Jobless Claims, Trade Balance, Wholesale Inventories, Import Price
Index.
Domestic Performance of Sectoral Indices
The Indian bourses remained volatile with positive and negative news in
domestic markets affecting the investor sentiments. Nifty and Sensex gained
0.6% and 0.7% respectively. BSE Midcap and Smallcap gained 2.5% and 1.6%
respectively. Among the BSE sectoral indices, IT (+0.9%), Bankex (0.7%) gained
marginally, while Auto (-1.9%), Metals (-0.6%) ended negative. On the BSE100index, Rcom, Rel Capital were the gainers, while Tata Motors, M&M lost on
weak auto sales data. DIIs were net sellers while FIIs were net buyers in cash
market. Data to watch next week: Food Articles WPI YoY, Fuel Power Light WPI
YoY, Primary Articles WPI YoY, Industrial Production YoY.
Outlook
June series began with some upsides in the market as FIIs turned net buyers
after the May correction in markets. But weak global markets affected the
sentiments in later trading sessions of the week. ADAG companies remained
volatile during the week. Involvement of political minister in 2G scam also
affected some stocks viz. Sun TV, Spicejet. Reliance disappointed investors as
no special investment plans were announced and the scrip saw selling on
Friday. Food Inflation for the last week came in at 8.06% vs. 8.55%, which still
remains above comfort level. GDP figures of 7.8% also were below expectation,
the effects of which will be seen in coming months in markets. The next week is
likely to remain volatile as Industrial Production data will be keenly watched.
Below 5500, Nifty is likely to see some more downsides.
Close% Change
(week)
Dow Jones 12,151.30 -2.3%
NASDAQ 2,732.80 -2.3%
S&P 500 1,300.20 -2.3%
FTSE 5,855.00 -1.4%
DAX 7,109.00 -0.8%
Hang Seng 22,949.60 -0.7%
Nikkei-225 9,492.20 -0.3%
Indices Close% Change
(week)
BSE SENSEX 18,376.50 0.6%
NSE NIFTY 5,516.80 0.7%
BSE MIDCAP 6,896.10 2.5%
BSE SMALL CAP 8,238.70 1.6%
BSE AUTO 8,807.10 -1.9%
BSE METALS 15,082.60 -0.6%
BSE BANKEX 12,309.30 0.7%
BSE IT 6,003.70 0.9%
RCom 93.4 9.9%
Rel Capital 524.65 7.6%
Tata Motors 1025.1 -5.8%
M&M 667.2 -5.0%
BSE 136.5
NSE CASH 548.0
NSE F&O 3996.4
Institutions Net Inflow
FII 24.4
DIIs -12.7
Institutional Activity in INR Bn (Weekly)
Key Indices Global
Sectoral Indices
Key Indices (Indian)
Weekly Gainers (BSE 100)
Weekly Losers (BSE 100)
Weekly Turnover (in INR Bn)
-
8/6/2019 110604 - Weekly
6/17
.
Saturday, June 04, 2011
6Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Derivative Analysis
Top 5 Price Losers
Top 10 Volume Gainers
Top 5 Price Gainers
Market Snapshot
Nifty June Futures closed at 5523.50 (Premium of 6.75 over the Nifty spot)
Open interest Nifty FUTIDX (Expiry 30 June): 24.80 mn.
Open interest BankNifty FUTIDX (Expiry 30 June): 1.48 mn.
India VIX for the week ended at 17.61, up 0.36 from previous weeks close
(17.25). In the week VIX touched low of 16.36 and high of 18.87.
Weekly Open Interest Analysis (Nifty Option)
Across all expiries, open interest is highest at the 5800, 5600, 5700 call options,
while open interest in the put options is highest at 5000, 5300, 5400 strike
prices, suggesting 5300-5800 to be the trading zone for Nifty index in short
term.
Sector Wise OI Change:
Banking, Capital Goods, Auto, and Pharma sectors saw gains in Open
Interest.
Cash Future Cash Future
PUNJLLOYD 12.99% 12.82% 21.60% 113.10% 6.23%
FSL 10.88% 10.48% 10.41% 266.77% 6.86%TTML 10.53% 10.13% 121.52% 539.81% 3.84%
RCOM 9.76% 9.63% 5.77% 149.87% 1.75%
RENUKA 9.36% 9.06% -42.70% 2.66% -1.75%
SCRIPS % Change - Price %Change - Volume % Change
in OI
Cash Future Cash Future
SUNTV -26.93% -26.77% 3888.39% 7192.87% 343.64%
BEML -7.20% -7.61% 15.10% 22.27% 51.22%
DCHL -5.47% -7.34% -22.04% -71.92% -1.14%
TATAMOTORS -5.97% -5.73% -47.21% -50.32% 15.43%GMRINFRA -4.39% -5.07% -29.27% 86.43% 15.43%
SCRIPS % Change - Price %Change - Volume % Change
in OI
% Change Volumes
Price Open Interest (Delivery Based)
SUNTV -26.93% 343.64% 7192.87%
BOSCHLTD 4.16% 85.00% 692.36%
MRPL 6.98% 10.26% 541.65%
TTML 10.53% 3.84% 539.81%
GESHIP 6.21% 57.22% 496.32%
GLAXO 2.47% 39.02% 425.93%
SCI 2.42% 1.95% 390.61%
CESC 4.40% -6.08% 298.31%
COLPAL 1.16% 94.15% 281.07%
FSL 10.88% 6.86% 266.77%
SCRIPS % Change in F&O
OIAnalysis
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
5000
5100
5200
5300
5400
5500
5600
5700
5800
5900
6000
Strike
OI
CallOption
PutOption
ChangeinOI
(2,000,000)
(1,000,000)
0
1,000,000
2,000,000
3,000,000
4,000,000
5000
5100
5200
5300
5400
5500
5600
5700
5800
5900
6000
Strike
OIChange
CallOption
PutOption
-100%
-50%
0%
50%
100%
150%
200%
250%
300%
350%
400%
Power
Bank
Realty
Oil&Gas
Metal&Mining
Auto
Pharma
IT
CapitalGoods
Cement
Sectors
%ChangeinOI
NiftyPCRatio
0.7
0.8
0.9
1
1.1
1.2
1.3
1.4
1.5
30-May
31-May
1-Jun
2-Jun
3-Jun
Date
PCR
-
8/6/2019 110604 - Weekly
7/17
Saturday, June 04, 2011
7Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Technical Analysis
Source: Iris)
Conclusion
Last week Nifty shut on a marginal positive note @ 5517 and up by 41 points from the previous week's close. Technically Nifty on weekly
chart has formed doji candle stick pattern, which shows sideways to positive sentiment in coming sessions. Nifty spot on weekly hasopened at 5494 and made a low of 5458 and made a high of 5605 then finally closed positive at 5517. Stochastics and the RSI are slightly
oversold signaling that buying pressure at support levels are possible short-term. The close below the 65 day moving average (5606)
ndicates the short term trend could be turning sideways. Stochastics trending lower at midrange will tend to reinforce a move higher
especially if support levels are taken out. The market setup is somewhat sideways trend with trading range between 5450-5600. The next
area of resistance is around 5605-5710. So Nifty appears to be sideways trading on weekly chart having supports at 5450-5370 levels. For
short term trading long positions, stop loss of 5350 is advisable.
Weekly Nifty has resistance at 5605-5710 and supports at 5450-5375.
Weekly Bank Nifty has resistance at 10960-11160 and supports at 10580-10445.
-
8/6/2019 110604 - Weekly
8/17
.
Saturday, June 04, 2011
8Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
TATA POWER LTD
LTP 1249.00.
View: Positive
Oscillators Analysis: Stochastics and RSI are positive crossover and are in oversold territory on weekly chart reading, which indicate
positive sentiment in stock momentum with decent volume support.
Pattern Analysis: A clear multiple support zone at 1200, , which indicates stock may upside till resistance level, is a confirmation of a trend
n that direction.
Technical Analysis:
Tata Power Ltd has bullish candle stick on weekly chart with decent volume support. Stock has 20 day moving average support at 1225
evels. Weekly RSI has shown positive crossover into oversold territory which will tend to supports reversal action if it occurs. The
market tilt is positive with the close above multiple supports at 1200 on weekly chart basis. The next area of resistance is around 1350,
while 1st support hits at 1225 and below there at 1200. It is also heading towards resistance zone at 1350.00.
We recommended the stock at market and in the range of 1210-1228 with stop loss at 1180 (closing basis) for a target of Rs. 1350.
Weekly Recommendations
-
8/6/2019 110604 - Weekly
9/17
Saturday, June 04, 2011
9Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Tata Global Beverages Ltd.
LTP 93.60.
View: Positive
Oscillators Analysis: Stochastics and RSI are positive crossover and are in oversold territory on weekly chart reading, which indicate
positive sentiment in stock momentum.Pattern Analysis: A clear double bottom formation pattern and trend line supports are at 87-88 levels, which indicates stock upside, is a
confirmation of a trend in that direction with good volume support.
Technical Analysis:
On weekly chart Tata Global has been trading above medium term moving average (65 MMA) at 84.50 levels, which indicates positive
sentiment in short term trading and strong buying pressure above support zone around Rs.87, we expect the momentum to continue till
105-110 on the upside (resistance zone). And any genuine correction should see in stock price around supports at 90-88, which should be
used as a buying opportunity for the potential target 105.00.
We recommended the stock at market and in the range 88-90, with stop loss below at 84.50(on closing basis) for a target of Rs. 110.00.
-
8/6/2019 110604 - Weekly
10/17
.
Saturday, June 04, 2011
10Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
-7- Sector & Company Highlights
Metal & Mining
Two leading steel makers, JSW and Essar Steel, have hiked rates for flat products by up to INR 1,000 per tonne in the wake of rising rawmaterial costs. The price of coking coal and iron ore, have shot up to USD 330 a tonne and USD 180 per tonne, respectively, in recent
times. While the rise in coking coal prices is attributed to the floods in Australia, which contributes around 80 % of Indias imports, the
spurt in iron ore prices is mainly due to increased global demand.
Prices of key inputs such as coking coal and iron ore, which had almost doubled over the past year, are beginning to soften as marginal
cost steel producers are cutting output to maintain economic viability. This could lower the cost burden on steel producers; it may not
immediately translate into price reductions of steel products as the quantum of price increases of the resources had been very sharp.
SAIL follow-on public offer delayed due to the unfavorable market condition.
Cement
ACC shipments in May rose 13.7% from a year earlier to 1.99MnT. Production in May rose to 2.01MnT from 1.82MnT a year ago. Double
digit growth is positive for the largest cement producer.
Oil & Gas
Oil India is looking to buy oil-producing assets overseas but did not provide any details on the likely locations. Neutral, as the outcome
would depend on valuation that company would pay.
IOC may raise petrol prices by Rs 1.35/litre, positive forONGC and IOC companies are expected to gain if fuel prices are raised again.
Petronet LNG has signed a preliminary deal with the marketing arm of Russias Gazprom to buy as much as 2.5MnT per year of
liquefied natural gas (LNG) for up to 25 years. Positive, as this would drive volume growth of the company.
Power
Areva T&D India, has demerged its distribution business into a new company, Smartgrid Automation Distribution and Switchgear
Limited. Areva T&D India Ltds promoters, Alstom Sextant 5 SAS, has made an open offer to the public shareholders of the company,
stating that the transmission activities (high voltage systems, equipment, power electronics and automation) will be separated from
the distribution activities (medium voltage systems, equipment and related automation).
Fertiliser
Coromandel would pick up 73% in Sabero for Rs 450 crore. The company, part of the $3.8 billion Murugappa Group, will purchase a
42.21% stake from Saberos promoters for Rs 284 crore and, additionally, will make an open offer for a 31% stake. The deal would be
funded through internal accruals - its cash reserves last year stood at Rs 1,500 crore.
Infrastructure, Capital Goods & Engineering
IVRCL has secured several contracts worth INR 8930Mn. Positive, as it improves the revenue visibility of the company.
Unity Infra has secured contracts worth INR 1437.1Mn, mainly into roads and building segment. Positive, as it improves the revenue
visibility of the company.
Hindustan Dorr Oliver has bagged order from Konkan Copper Mines worth USD 85Mn. Positive, as it improves the revenue visibility
of the company.
PBA Infrastructure in a JV (49:51) has bagged road project on Build Operate and Transfer basis worth INR 4250 Mn in the State of
Gujarat on Build, Operate and Transfer (BOT) Basis.
-
8/6/2019 110604 - Weekly
11/17
Saturday, June 04, 2011
11Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Punj Lloyd has bagged contract of INR 8900Mn from a company based in Abu Dhabi for onshore oil operations. Positive, as it improves
the revenue visibility of the company.
BHEL has secured an order worth ~INR 620Mn for setting up solar power project for Karnataka Power Corporation Limited in
Karnataka. Neutral, given the quantum of contract value is small. However, this would be positive as company diversifies. With this
order, the company is presently executing SPV-based power projects of various capacities totalling 16MW.
Auto
Bajaj Auto's Total vehicle sales of the company in May 2011, stood at 3,58,849 showing a growth of 19.84 % YoY while, it has also
registered its best sales figures for May in the three-wheeler segment during the last month at 40,860 units, showing a jump of 36.41 %
YoY. Again the company has reported highest ever motorcycle sales for May at 3, 17,989 units in last month, registering a jump of 18
%. BAL recorded its highest ever exports for May at 1, 26,818 units registering a growth of 32.15 %.
-
8/6/2019 110604 - Weekly
12/17
.
Saturday, June 04, 2011
12Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Mutual Fund Insights
Scheme Update
ICICI Prudential Mutual Fund has decided to revise the exit load structure under
ICICI Prudential Gilt Fund - Treasury Plan. Accordingly, any fresh purchase or
additional purchase or switch-ins made under the scheme will not attract any
exit load during their redemptions or switch outs with effect from 1st June 2011.
HSBC Mutual Fund has announced change in the fund management
responsibilities. Mr Dhimant Shah Vice President and Fund Manager, resigned
from the services. Accordingly, HSBC India Opportunities Fund and HSBC Unique
Opportunities Fund will be managed by Mr. Jitendra Sriram and HSBC Midcap
Equity Fund and HSBC Small Cap Fund will be managed by Mr. Dhiraj Sachdev.
HSBC Tax Saver Fund will be managed by Mr. Jitendra Sriram and Aditya Khemani
while Mr. Aditya Khemani and Mr. Jitendra Sriram will manage the equity portion
of HSBC MIP Savings and& Regular Plan and the fixed income portion will be
managed by Mr. Sanjay Shah and Mr. Ruchir Parekh. with effect from 31st May
2011.
Mutual Funds (MFs) made investments worth Rs 726.40 crore and sold off Rs
644.30 crore worth of equities on May 31, 2011, according to data released by the
Securities and Exchange Board of India (SEBI). Thus, MFs stood as net buyers ofRs 82.10 crore in equities on that day. In the month of May, MFs have made total
investments of Rs 12205.80 crore and sold off Rs 11770.90 crore worth of equities.
Source: Accord Fintech
Source: Accord Fintech
Weekly Activity
Purchase Sales Net Purchase /Sales Purchase Sales Net Purchase /Sales
Mutual Fund Activity
2-Jun-11 4.64 6.07 -1.43 22.90 18.27 4.63
1-Jun-11 3.48 3.22 0.26 22.66 19.71 2.94
30-May-11 4.47 2.96 1.52 23.62 32.06 -8.44
FII Activity
3-Jun-11 17.91 16.40 1.51 6.96 1.54 5.41
2-Jun-11 24.67 17.78 6.90 3.50 6.16 -2.67
1-Jun-11 61.66 49.05 12.61 6.11 7.42 -1.31
31-May-11 24.40 23.22 1.19 12.34 6.57 5.77
30-May-11 27.04 24.50 2.54 8.88 17.79 -8.91
DateEquity (INR in Bn) Debt (INR in Bn)
-10 -5 0 5 10 15
30-May
31-May
1-Jun
2-Jun
3-Jun
FIITradingActivity(InBillions)
Debt Equity
-10 -5 0 5 10
30-May
31-May
1-Jun
2-Jun
MFTradingActivity(InBillions)
Debt Equity
-
8/6/2019 110604 - Weekly
13/17
Saturday, June 04, 2011
13Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
New Fund Offers
Fund Opens Closes Structure Fund Manager Investment Objective Benchmark
Edelweiss FMP-91D-
1(G)3-Jun 6-Jun
Close
endedMr. Kapil Punjabi
To generate regular income through investments
in Debt andMoney Market Instruments maturing
on or before the Maturity Date of the Scheme.
Crisil Liquid Fund
Index
Tata FMP-35-B(G) 31-May 6-JunClose
ended
Mr. Murthy
Nagarajan
To generate income and / or capital appreciation
by investing in widerange of Debt and Money
Market instruments having maturity in line with
the maturity of the respective schemes..
Crisil Short-Term
Bond Fund Index
SBI DFS-180D-19(G) 3-Jun 6-JunClose
ended
Mr. Rajeev
Radhakrishnan
To provide regular income, liquidity and returns
to the investors through investments in a
portfolio comprising of debt instruments such as
Government Securities, PSU & Corporate Bonds
and Money Market Instruments maturing on or
before the maturity of the scheme.
Crisil Liquid Fund
Index
ICICI Pru FMP-55-
16M-B(G)1-Jun 6-Jun
Close
ended
Mr. Chaitanya
Pande
To generate regular returns by investing in a
portfolio of fixed income securities/ debt
instruments maturing on or before the maturity
of the Plan under the Scheme.
Crisil Composite
Bond Fund Index
HDFC FMP-XVIII-
92D-June 2011(1)-(G) 2-Jun 6-Jun Closeended Mr. Bharat Pareek, /Mr. Miten Lathia
To generate income through investments in Debt
/ Money Market Instruments and Government
Securities maturing on or before the maturity
date of the respective Plan(s).
Crisil Short-TermBond Fund Index
DWS FTF-83(G) 26-May 6-JunClose
ended
Mr. Kumaresh
Ramakrishnan
To generate Objective regular income by
investing in debt and money market instruments
maturing on or before the date of the maturity of
the Scheme.
Crisil Short-Term
Bond Fund Index
Birla SL FTP-DD(G) 26-May 6-JunClose
ended
Mr. Kaustubh
Gupta
To generate income by investing in a portfolio of
fixed income securities maturing on or before the
duration of the scheme.
Crisil Short-Term
Bond Fund Index
Religare Nifty ETF 23-May 6-JunClose
ended
Mr. Pranav
Gokhale
To generate returns which closely correspond to
the returns generated by securities as
represented by S&P CNX Nifty Index, subject to
tracking error, if any.
S&P CNX Nifty
ICICI Pru FMP 55-6M-
D(G)30-May 7-Jun
Close
ended
Mr. Chaitanya
Pande
To generate regular returns by investing in a
portfolio of fixed income securities/ debt
instruments maturing on or before the maturity
of the Plan under the Scheme.
Crisil Short-Term
Bond Fund Index
HDFC FMP-XVIII-
370D-June 2011(1)-(G)2-Jun 7-Jun
Closeended
Mr. Bharat Pareek /Mr. Miten Lathia
To generate income through investments in Debt
/ Money Market Instruments and Government
Securities maturing on or before the maturity
date of the respective Plan(s).
Crisil Short-TermBond Fund Index
-
8/6/2019 110604 - Weekly
14/17
.
Saturday, June 04, 2011
14Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Source: Accord Fintech
Fund Opens Closes Structure Fund Manager Investment Objective Benchmark
Reliance FHF-XIX-
20(G)25-May 8-Jun
Close
endedMr. Amit Tripathi
To generate regular returns and growth of
capital by investing in a diversified portfolio ofCentral and State Government securities and
Other fixed income/ debt securities maturing on
or before the date of maturity of the scheme with
the objective of limiting interest rate volatility.
Crisil Short-Term
Bond Fund Index
Kotak FMP 49(G) 2-Jun 8-JunClose
ended
Mr. Deepak
Agrawal / Mr.
Abhishek Bisen
To generate returns through investments in debt
and money market instruments with a view to
significantly reduce the interest rate risk. The
Scheme will invest in debt and money market
securities, maturing on or before maturity of the
scheme.
Crisil Short-Term
Bond Fund Index
Principal Pnb FMP
91D-XXX(G)3-Jun 9-Jun
Close
endedMr. Shobit Gupta
To build an income oriented portfolio and
generate returns through investment in
Debt/Money Market Instruments and
Government Securities.
Crisil Liquid Fund
Index
L&T FMP - III (June
366D)-A(G)3-Jun 14-Jun
Close
ended
Mr. Bekxy
Kuriakose
To achieve growth of capital through
investments made in a basket of debt/ fixed
income securities maturing on or before the
maturity of the Scheme.
Crisil Short-Term
Bond Fund Index
ICICI Pru CPO-I(G) 3-Jun 17-JunClose
endedMr. Amit Tripathi
To protect capital by investing a portion of the
portfolio in good quality debt securities & money
market instruments and also to provide capital
appreciation by investing the balance in equity
and equity related securities. The securities
would mature on or before the maturity of the
Plan under the scheme.
Crisil MIP Blended
Index
-
8/6/2019 110604 - Weekly
15/17
Saturday, June 04, 2011
15Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Source: Accord Fintech
NAV CAGR (In %)
Scheme Name (04 Jun 11) 1 Week 1 Month 1 Year Since Inception
ICICI Pru Dynamic(G) 107.25 0.68 -0.20 10.92 31.79 0.64 0.02 1.84
Fidelity Equity(G) 34.98 0.69 -0.17 9.81 22.98 0.79 0.01 1.85
ICICI Pru Discovery(G) 49.15 0.76 0.94 10.60 26.38 0.67 0.02 1.92
Franklin India Bluechip(G) 213.10 0.96 -0.02 11.89 25.18 0.78 0.01 1.83
Principal Large Cap(G) 28.05 1.01 -0.74 6.13 20.38 0.82 0.00 2.27
DSPBR Top 100 Equity-Reg(G) 99.52 0.77 0.49 9.87 32.17 0.78 0.01 1.86
Birla SL MIP(G) 26.61 0.09 0.35 6.01 9.73 0.13 0.01 2.09
ICICI Pru Child Care Plan-Study Plan 29.72 0.31 0.96 8.19 11.81 0.11 0.02 1.50
Tata MIP Plus(G) 16.00 0.42 0.28 3.76 6.73 0.29 0.00 2.00
Birla SL '95(G) 308.90 0.77 0.14 10.51 23.42 0.45 0.03 2.31
DSPBR Balanced(G) 65.67 0.91 0.20 8.63 16.94 0.49 0.02 2.10
Tata Balanced(G) 82.68 1.04 0.92 8.61 16.69 0.59 0.03 2.34
Category: Balanced Funds
Category: Largecap
Category: Monthly Income Plans
Weekly Recommendations (Equity & Hybrid)
Absolute Return (In %)BETA ALPHA
Expense
Ratio
Weekly Recommendations (Debt)
NAV CAGR (In %)
Scheme Name (04 Jun 11) 1 Week 1 Month 1 Year Since Inception
Category: Floating Rate
Birla SL FRF-LT(G) 17.08 0.17 0.74 7.31 6.92 8.87 51.10 51.10 0.14
Reliance FRF ST(G) 15.91 0.14 0.64 6.61 5.93 0.00 167.90 149.65 0.80
LICMF FRF-STP(G) 16.21 0.14 0.57 6.25 6.96 0.00 2.16 2.04 0.64
Category: Income - Long term
Birla SL Dynamic Bond-Ret(G) 16.54 0.16 0.43 5.56 7.83 9.30 547.50 547.50 0.79
ICICI Pru Income-Reg(G) 31.14 0.03 0.00 2.75 9.16 9.14 1324.95 949.00 2.11
DSPBR Govt. Sec(G) 33.27 0.69 0.44 2.17 10.84 0.00 3766.80 2120.65 1.25
Category: Income - Short term
Kotak Bond-STP(G) 18.73 0.17 0.72 4.00 7.15 9.50 182.50 167.90 0.89
Templeton India ST Income(G) 1981.76 0.14 0.63 5.89 7.60 10.41 379.60 244.55 1.30
UTI ST Income(G) 16.95 0.13 0.42 6.70 6.87 0.00 635.10 0.00 0.59
Category:Ultra Short Term Fund
Templeton India Ultra-ST-Ret(G) 12.70 0.17 0.72 7.30 7.14 8.61 40.15 36.50 0.65
Kotak Floater-ST(G) 16.29 0.16 0.73 7.22 6.38 8.90 47.45 47.45 0.57
Tata Floater(G) 14.90 0.17 0.74 7.54 7.19 8.65 20.52 0.00 0.25
Category: Liquid
Templeton India TMA-Reg(G) 2437.81 0.15 0.68 6.78 7.04 8.23 40.15 36.50 0.85
SBI Magnum InstaCash-Cash(G) 22.09 0.16 0.70 7.17 6.80 7.98 18.25 18.25 0.35
Tata Liquid-RIP(G) 2274.19 0.16 0.70 6.80 6.65 8.88 16.44 0.00 0.65
YTMAverage
Maturity In
Modified
Duration in
Absolute Return (In %) Expense
Ratio
-
8/6/2019 110604 - Weekly
16/17
.
Saturday, June 04, 2011
16Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: wealthresearch@unicon.in
Source: Accord Fintech
Dividend Declaration
Scheme Name Category Record Date Gross Corporate Non-Corporate
Baroda Pioneer 90D-FMP-1(D) Debt 7-Jun-11 0.14 0.14 0.14
Birla SL FTP-CA-Reg(D) Debt 8-Jun-11 9.17 9.17 9.17
Birla SL ST FMP-11(D) Debt 8-Jun-11 0.52 0.52 0.52
ICICI Pru Inv II-Qtrly-D-Inst(D) Debt 8-Jun-11 0.16 0.16 0.16
ICICI Pru Inv II-Qtrly-D-Inst(D) Debt 7-Jun-11 0.13 0.13 0.13
ICICI Pru Qrtly Inv II-D-Inst(QD) Debt 8-Jun-11 0.16 0.16 0.16
ICICI Pru Qrtly Inv II-D-Inst(QD) Debt 7-Jun-11 0.13 0.13 0.13
ICICI Pru Qrtly Inv II-D-Ret(D) Debt 8-Jun-11 0.16 0.16 0.16
ICICI Pru Qrtly Inv II-D-Ret(D) Debt 7-Jun-11 0.13 0.13 0.13
IDFC Arbitrage Plus-Inst(D) Hybrid 8-Jun-11 0.20 0.20 0.20
IDFC Arbitrage Plus-Reg(D) Hybrid 8-Jun-11 0.20 0.20 0.20
IDFC Asset Alloc-Cons(D) Hybrid 8-Jun-11 0.20 0.20 0.20Reliance Inv-Qrtly-III-Inst(D) Debt 6-Jun-11 2.11 2.11 2.11
Reliance Inv-Qrtly-III-Ret(D) Debt 6-Jun-11 2.07 2.07 2.07
-
8/6/2019 110604 - Weekly
17/17
Saturday, June 04, 2011
Disclaimer
This document has been issued by Unicon Financial Intermediaries Pvt Ltd. (UNICON) for the information of its customers only. UNICON is governed
by the Securities and Exchange Board of India. This document is not for public distribution and has been furnished to you solely for your information and
must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these
restrictions. The information and opinions contained herein have been compiled or arrived at based upon information obtained in good faith from public
sources believed to be reliable. Such information has not been independently verified and no guarantee, representation or warranty, express or implied is
made as to its accuracy, completeness or correctness. All such information and opinions are subject to change without notice. This document has been
produced independently of any company or companies mentioned herein, and forward looking statements; opinions and expectations contained herein
are subject to change without notice. This document is for information purposes only and is provided on an as is basis. Descriptions of any company
or companies or their securities mentioned herein are not intended to be complete and this document is not, and should not be construed as an offer, or
solicitation of an offer, to buy or sell or subscribe to any securities or other financial instruments. We are not soliciting any action based on this document.
UNICON, its associate and group companies its directors or employees do not take any responsibility, financial or otherwise, of the losses or the damages
sustained due to the investments made or any action taken on basis of this document, including but not restricted to, fluctuation in the prices of the shares
and bonds, reduction in the dividend or income, etc. This document is not directed to or intended for display, downloading, printing, reproducing or for
distribution to or use by any person or entity who is a citizen or resident or located in any locality, state, country or other jurisdiction where such
distribution, publication, reproduction, availability or use would be contrary to law or regulation or would subject UNICON or its associates or groupcompanies to any registration or licensing requirement within such jurisdiction. If this document is inadvertently sent or has reached any individual in such
country, the same may be ignored and brought to the attention of the sender. This document may not be reproduced, distributed or published for any
purpose without prior written approval of UNICON. This document is for the general information and does not take into account the particular investment
objectives, financial situation or needs of any individual customer, and it does not constitute a personalized recommendation of any particular security or
nvestment strategy. Before acting on any advice or recommendation in this document, a customer should consider whether it is suitable given the
customers particular circumstances and, if necessary, seek professional advice. Certain transactions, including those involving futures, options, and high
yield securities, give rise to substantial risk and are not suitable for all investors. UNICON, its associates or group companies do not represent or endorse
he accuracy or reliability of any of the information or content of the document and reliance upon it is at your own risk.
UNICON, its associates or group companies, expressly disclaims any and all warranties, express or implied, including without limitation warranties ofmerchantability and fitness for a particular purpose with respect to the document and any information in it. UNICON, its associates or group companies,shall not be liable for any direct, indirect, incidental, punitive or consequential damages of any kind with respect to the document. No part of thispublication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying,
recording, or otherwise, without the prior written permission of Unicon Financial Intermediaries Pvt Ltd.
Address:Wealth ManagementUnicon Financial Intermediaries Pvt. Ltd.3rd Floor, VILCO Center, Opp Garware House,8, Subhash Road, Vile Parle (East), Mumbai - 400057.Ph: 022-33901234Email: wealthresearch@unicon.inVisit us at www.unicon.in
top related