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Saturday, June 11, 2011
1Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Headlines
(Global Economy) US unemployment rate increased to 9.1% in May 2011.
(Indian Economy) Industrial Production grew 6.3% in April 2011 (New IIP Series)
(Economic Calendar)
(Global and Domestic Stock Markets)
(Derivative Analysis) Nifty June Futures closed at 5484.15
(Technical Analysis) Nifty Support levels are at 5350-5325 and Resistance 5550-5600.
(Weekly Recommendations) Century Textiles Ltd. & Karnataka Bank Ltd.
(Sector & Company Highlights)
(MF Industry update)
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Saturday, June 11, 2011
2Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Global Economy
US unemployment rate unexpectedly climbed to 9.1% in May as
employers added 54,000 jobs and a revised 232,000 gain in April.
Job openings have decreased for the first time in three months
stoking fears about the economic growth’s durability. The number
of positions waiting to be filled fell by 151,000 to 2.97 mn. Another
report showed consumer borrowing rose in April for a seventh
consecutive month, led by a gain in non-revolving debt, including
auto and student loans. Credit rose by USD 6.25 bn after a revised
USD 4.82 bn gain in March. Trade deficit however shrank 6.7% to
USD 43.7 bn, reflecting a plunge in auto and oil imports combined
with record exports.
U.K. house prices rose 0.1% in May, failing to bounce back from the
biggest drop in seven months in April. The increase follows a 1.4%
decline in April. The average cost of a home in May was GBP
160,519. The Bank of England left its record low interest rate
unchanged at 0.5%.
Global Economic Indicators (As on June 9, 2011)
Commodities and Currencies
Crude Oil for July delivery fell 0.9% to settle at USD 99.29 a barrel
on the NYMEX as Saudi Arabia planned to increase oil production
o deflate a possible bubble in oil prices. Copper futures for July
delivery fell 1.9% to settle at USD 4.056 per pound on a decline in
mports by China.
Source: Economist
The European Union will focus on preparing a new aid package for
Greece that includes a “voluntary” role for investors after the EU
and International Monetary Fund approved the fifth installment of
Greece’s EUR 110 bn bailout. Also the ECB kept its key interest rate
unchanged at 1.25%. German industrial production dropped 0.6%,
the first time in four months in April, led by a drop in construction
output. The output for March was revised to 1.2%. For the year,
industrial output has increased 9.6%, adjusted for working days.
China’s net purchases of Japan’s long-term debt reached JPY 1.33 tn
(net) as the former seeks to diversify its currency reserves which
are currently the biggest in the world. Japan’s GDP shrank at an
annualized 3.5% in the three months ended March 31. Capital
investment dropped 1.3% while private inventories detracted 0.4%
from GDP. The Reserve Bank of Australia left its benchmark interest
rate unchanged at 4.75%.
The euro declined 2% to close at USD 1.4347 as ECB signaled a
slowing pace of interest rate increases for 2012. The pound sterling
also fell 0.7% to USD 1.6245 on increasing concerns of a slowdown in
the British economy.
Economic Indicators (%) US EU Japan UK China Brazil Russia
GDP +2.3 +2.5 -1.0 +1.8 +9.7 +4.2 +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 +6.6 +9.6
Unemployment Rate 9.1 9.9 4.7 7.7 6.1 6.4 7.2
Current Account Balance % of GDP -3.4 -0.4 +2.6 -2.0 +3.1 -2.8 +5.6
Trade Balance -677.7 -25.4 +61 -151.6 +179 +23.2 +158.8
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3Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Indian Economy
Services sector slipped to 55.0 in May from 59.2 in April according to
he HSBC Markit Business Activity Index, the slowest pace in 20
months as soaring prices and interest rate hikes ate into new
business growth and reduced the level of optimism.
Foreign exchange reserves rose by USD 1.68 bn to USD 310.21 bn for
he week ended May 27 on the back of a sharp increase in foreign
currency assets. Foreign currency assets increased by USD 1.67 bn
o USD 278.87 bn, the value of special drawing rights increased by
USD 6 mn to USD 4.59 bn and reserves with the IMF increased by
USD 4 mn to USD 2.96 bn. The value of gold reserves remained
unchanged at USD 23.79 bn.
The country will award INR 550 bn of highway construction projects
n FY12 as the nation aims to remove infrastructure bottlenecks
hat hinder economic growth. The 7,300 km project includes new
expressways as well as widening of existing roads. The NHAI will
raise INR 120 bn in FY12 to partly fund the project.
Net direct tax collections were down 47.93% at INR 12.95 tn during the
first two months of the current fiscal, mainly on account of the I-T
Indian Debt Markets
Bond yields and swap rates eased during the week after April in-
dustrial output clocked slower-than-expected growth. The bench-
mark 10-year bond yield closed down 4 bps for the week at 8.23%.
Source: CCIL
Source: CCIL
Indian Currency Movement
The partially convertible rupee ended at 44.72 / 73 per dollar, a de-
cline of 0.29% for the week. The rupee was little changed as the
negative impact of weak local shares and a volatile euro was offset
department doling out large refunds. The gross figure however as
up 37.34% to INR 50.41 tn.
The government has cleared 16 foreign direct investment (FDI)
proposals amounting to INR 9.24 bn, including those of Star News
Broadcasting Ltd and L&T Finance Holdings. FDI into the country
had fallen to USD 19.43 bn in 2010 – 11 as against USD 25.83 bn in
the previous fiscal, a decline of 25%.
Food price index rose 9.01% and the fuel price index climbed 12.46%
in the year to May 28. The primary articles index was up 11.52%.
Industrial output increased 6.3% in April (YoY) according to a new
IIP with a different base year of 2004 – 05, new components and
weights. According to the old series, IIP came in at 4.4%.
The highly traded 8.08% 2022 bond and the 8.13% 2022 bond both
closed at 8.34% for the week.
by robust corporate dollar inflows, but importer dollar demand
capped gains.
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
ManufacturedGoods
6.18 6.21
Headline Inflation by WPI (%) (Apr’11)
8.98
Internals
Current 1 WeekChange
Weekly1 Year
Change
annual
USD 44.72 44.85 -0.29% 46.67 -4.18%
GBP 72.93 73.29 -0.49% 68.34 6.72%
Euro 64.72 64.89 -0.26% 56.85 13.84%
Yen 55.83 55.59 0.43% 50.36 10.86%
1 Year Gilt 8.11
Debt Market Yields (%)
INR Exchange Rate (As on June 10, 2011)
10 year Gilt 8.32
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Saturday, June 11, 2011
4Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Economic Calendar
Date Event Period Prior
14-Jun India Manpower Survey 3Q 49.0%
14-Jun Monthly Wholesale Prices YoY MAY 8.7%
16-Jun India REPO Cutoff Yield 16-Jun 7.3%
16-Jun Food Articles WPI YoY 4-Jun 9.0%
16-Jun Fuel Power Light WPI YoY 4-Jun 12.5%
16-Jun Primary Articles WPI YoY 4-Jun 11.5%
16-Jun Cash Reserve Ratio 6.0%
16-Jun Reverse Repo Rate 6.3%
India US
Date Event Period Prior
14-Jun Producer Price Index (YoY) MAY 6.8%
14-Jun Advance Retail Sales MAY 0.5%
15-Jun Consumer Price Index (YoY) MAY 3.2%
15-Jun Empire Manufacturing JUN 1188.0%
15-Jun NAHB Housing Market Index UN 16.0
16-Jun Initial Jobless Claims 10-Jun 427K
16-Jun Continuing Claims 4-Jun 3676K16-Jun Building Permits MAY 551K
16-Jun Housing Starts MAY 523K
16-Jun Current Account Balance 1Q -$113.3B
17-Jun U. of Michigan Confidence UN P 74.3
Gold/Silver(Spot)
800
900
1000
1100
1200
1300
1400
1500
1600
1700
Ju n- 10 J ul -1 0 S ep- 10 Oc t- 10 No v- 10 J an -1 1 Fe b- 11 A pr -1 1 M ay- 11
G o l d ( $ / O Z )
10
15
20
25
30
35
40
45
50
55
S i l v e r ( $ / O Z )
Sil ver Gold
CrudeOil
60
70
80
90
100
110
120
Jun- 10 J ul-10 Sep-10 Oct-10 Nov-10 J an-11 Feb-11 Apr-11 May-11
P r i c e ( U S D )
300
310
320
330
340
350
360
370
380
390
400
(
M i l l i o n B a r r e l s )
I n v e n t o r y
Inventory CrudeOil
Currencies
1.1
1.15
1.2
1.25
1.3
1.35
1.4
1.45
1.5
1.55
Jun -1 0 J ul -1 0 S ep -1 0 O ct -1 0 No v- 10 J an -1 1 Fe b- 11 A pr -1 1 M ay -1 1
U S D / E U R
1.4
1.45
1.5
1.55
1.6
1.65
1.7
1.75
1.8
U S D / G B P
USD/EUR USD/GBP
Currencies
0.0095
0.01
0.0105
0.011
0.0115
0.012
0.0125
0.013
Jun- 10 J ul-10 Sep-10 Oct-10 Nov-10 J an-11 Feb-11 Apr-11 May-11
U S D / J P Y
0.7
0.75
0.8
0.85
0.9
0.95
1
1.05
1.1
1.15
U S D / A U D
USD/JPY USD/AUD
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Saturday, June 11, 2011
5Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Global and Domestic Stock Markets
Global
Global markets continued to trade with negative bias. Dow Jones, Nasdaq, S&P
500 were all lower for the week with losses in 1.6%-3.3% range. European
markets also ended negative on weak global cues. Asian markets also followed
the trend with Hangseng losing 2.3% in the week. In the commodities market,
NYMEX Crude traded around $99.35 levels and Gold traded lower near $1532
levels in the week. Silver also ended lower. On the economic front, initial jobless
claims remained at 427,000, higher by 1000 over the previous data. US Data to
watch next week: Producer Price Index, Advance Retail Sales, Business
Inventories, Consumer Price Index, Capacity Utilization, Industrial Production,
Initial Jobless Claims, Housing Starts, Current Account Balance.
Domestic Performance of Sectoral Indices
Indian markets remained volatile in the week with muted volumes as market
participants waited for important economic data. Nifty and Sensex lost 0.6%
each. BSE Midcap and Smallcap remained flat. Among the BSE sectoral indices,
CD (+3.16%), IT (+1.5%) gained, while Auto (-2.0%), Metals (-1.3%) ended negative.
On the BSE100 index, IVRCL Infra, HDIL were the gainers, while Shriram
Transport, Hero Honda lost ~7-8% in the week. DIIs were buyers while FIIs
were net sellers in the cash market. Data to watch next week: India ManpowerSurvey, Monthly Wholesale Prices, YoY%, India Repo Cutoff Yield, Food Articles
WPI YoY, Fuel Power Light WPI YoY, Primary Articles WPI YoY, Cash Reserve
Ratio, Reverse Repo Rate.
Outlook
Indian markets saw muted volumes in the second week of June series. On the
economic data front, Food Articles WPI came in at 9.01%; Primary Articles WPI
came in at 11.52%. Industrial Production for April came in at 4.4% vs. 7.3%,
disappointing investors further. The inflation remained at high levels despite
RBI increasing interest rates in last meeting. RBI is likely to increase the key
rates by 25bps in its June-16 meeting. Banking and Auto sectors are likely to get
affected further in the next week. Political events in the country are also affecting
the global investors. The next week is likely to remain volatile ahead of RBI
meeting. Key support levels for Nifty are placed at 5380-5450, below which
further downsides are possible. Some pullback rally cannot be ruled out as
some beaten down stocks might get new buyers.
Close% Change
(week)
Dow Jones 11,951.90 -1.6%
NASDAQ 2,643.70 -3.3%
S&P 500 1,271.00 -2.2%
FTSE 5,765.80 -1.5%
DAX 7,069.90 -0.6%
Hang Seng 22,420.40 -2.3%
Nikkei-225 9,514.40 0.2%
Indices Close% Change
(week)
BSE SENSEX 18,268.50 -0.6%
NSE NIFTY 5,485.80 -0.6%
BSE MIDCAP 6,898.30 0.0%
BSE SMALL CAP 8,288.50 0.6%
BSE AUTO 8,633.80 -2.0%
BSE METALS 14,885.40 -1.3%
BSE BANKEX 12,225.90 -0.7%
BSE IT 6,093.60 1.5%
IVRCL Infra 75.5 8.8%
HDIL 175.25 8.5%
Shriram Transport 647.4 -7.5%
Hero Honda 1723.95 -7.3%
BSE 125.4
NSE CASH 426.0
NSE F&O 3713.8
Institutions Net Inflow
FII -2.3
DIIs 6.5
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)
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Saturday, June 11, 2011
6Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Derivative Analysis
Top 5 Price Losers
Top 10 Volume Gainers
Top 5 Price Gainers
Market Snapshot
• Nifty June Futures closed at 5484.15 (Premium of 1.65 over the Nifty spot)
• Open interest Nifty FUTIDX (Expiry 30 June): 23.70 mn.
• Open interest BankNifty FUTIDX (Expiry 30 June): 1.53 mn.
• India VIX for the week ended at 18.54, up 0.93 from previous week’s close
(17.61). In the week VIX touched low of 17.55 and high of 19.75.
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, though the trend seems downwards.
Sector Wise OI Change:
Banking, Oil&Gas, Auto, Metal&mining, IT sectors saw gains in Open
Interest.
Cash Future Cash Future
INDIAINFO 9.16% 9.32% 876.40% 296.60% 5.25%
HCC 9.81% 9.27% 186.05% 966.21% 4.94%HDIL 8.28% 8.41% -20.24% 10.29% 1.10%
IVRCLINFRA 9.08% 8.38% 120.67% 135.67% -8.33%
IRB 8.10% 7.48% 224.89% 123.47% -14.85%
SCRIPS % Change - Price %Change - Volume % Change
in OI
Cash Future Cash Future
BHUSANSTL -8.25% -8.31% 220.03% -19.74% 60.16%
HEROHONDA -7.35% -6.77% 700.84% 56.59% -0.28%
SRTRANSFIN -7.49% -6.67% 83.89% 208.65% 12.39%
UNIPHOS -5.79% -6.02% -59.39% -23.66% 13.24%
EXIDEIND -5.93% -5.98% -46.13% -52.34% 9.69%
SCRIPS % Change - Price %Change - Volume % Change
in OI
% Change Volumes
Price Open Interest (Delivery Based)
GTL -0.86% 2.08% 4659.79%
CONCOR 1.23% -4.17% 3177.86%
HCC 9.81% 4.94% 966.21%
PANTALOONR 4.55% -5.52% 881.33%
CENTURYTEX 6.87% 18.92% 698.50%
HEXAWARE 7.43% 2.46% 484.38%
COREPROTEC 3.30% 0.53% 431.04%
TULIP 3.47% -6.47% 336.55%
INDIAINFO 9.16% 5.25% 296.60%
PATELENG 4.55% 4.95% 217.50%
SCRIPS % Change in F&O
OIAnalysis
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
5 0 0 0
5 1 0 0
5 2 0 0
5 3 0 0
5 4 0 0
5 5 0 0
5 6 0 0
5 7 0 0
5 8 0 0
5 9 0 0
6 0 0 0
Strike
O I
CallOption
PutOption
ChangeinOI
(1,000,000)
0
1,000,000
2,000,000
3,000,000
5 0 0 0
5 1 0 0
5 2 0 0
5 3 0 0
5 4 0 0
5 5 0 0
5 6 0 0
5 7 0 0
5 8 0 0
5 9 0 0
6 0 0 0
Strike
O I - C h a n g e
CallOption
PutOption
- 1 0 0 %
- 5 0 %
0 %
5 0 %
1 0 0 %
1 5 0 %
2 0 0 %
Power
Bank
Realty
Oil&Gas
Metal&Mining
Auto
Pharma
IT
CapitalGoods
Cement
S e c t o r s
%ChangeinOI
NiftyPCRatio
0.7
0.75
0.8
0.85
0.9
0.95
1
6 - J u n
7 - J u n
8 - J u n
9 - J u n
1 0 - J u n
Date
P C R
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Saturday, June 11, 2011
7Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Technical Analysis
Source: Iris)
Conclusion
Last week Nifty shut on a marginal negative note @ 5486 and down by 31 points from the previous week's close. Technically Nifty on
weekly chart has formed doji candle stick pattern, which shows sideways to negative sentiment in coming sessions. Nifty spot on weeklyhas opened at 5504.30 and made a high of 5570 and made a low of 5457.45 then finally closed negative at 5486. 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) indicates the short term trend could be turning sideways to negative. Stochastics trending lower at midrange will tend to
reinforce a move lower especially if resistance levels are taken out. The market setup is somewhat sideways to negative trend with
rading range between 5570-5370. The next area of resistance is around 5520-5570. So Nifty appears to be sideways trading on weekly
chart having supports at 5400-5350 levels. For short term trading long positions, stop loss of 5480 is advisable.
Weekly Nifty has resistance at 5520-5570 and supports at 5400-5350.
Weekly Bank Nifty has resistance at 10800-10920 and supports at 10541-10370.
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Saturday, June 11, 2011
8Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Century Textiles Ltd
LTP 345.00.
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 double bottom support zone at 320, which indicates stock may upside till resistance level, is a confirmation of a
rend in that direction.
Technical Analysis:
Century Textiles Ltd has bullish candle stick on weekly chart with good volume support. Stock has 20 week moving average support at 336
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 320 on weekly chart basis. The next area of resistance is around 383, while
1st support hits at 336 and below there at 330. It is also heading towards resistance zone at 383.00.
We recommended the stock at market and in the range of 336 with stop loss at 316 (closing basis) for a target of Rs. 383.
Weekly Recommendations
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9Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Karnataka Bank Ltd.
LTP 122.00.
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.Pattern Analysis: A clear head and shoulder neck line breakout at 115.00, which indicates stock upside, is a confirmation of a trend in that
direction with good volume support.
Technical Analysis:
On weekly chart KTK Bank has been trading above medium term moving average (65 DMA) at 112 levels, which indicates positive
sentiment in short term trading and strong buying pressure above support zone around Rs.116, we expect the momentum to continue
ill 135-140 on the upside targets. And any genuine correction should see in stock price around supports at 116, which should be used as
a buying opportunity for the potential target 138.00.
We recommended the stock at market and in the range 118-116, with stop loss below at 112(on closing basis) for a target of Rs. 138.00.
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Saturday, June 11, 2011
10Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
-7- Sector & Company Highlights
Automobiles & Auto Ancillaries
• Steel Strips Wheels is in talks to raise INR 700 mn through a stake sale to two foreign investors this fiscal and expects to close at leastone deal in six months.
Capital Goods & Infrastructure
• Man Infra construction has bagged orders worth INR 1.51 bn. Positive, as it improves the revenue visibility of the company.
• ARSS Infrastructure Projects has bagged an order worth INR 2.075 bn. Positive, as it improves the revenue visibility of the company
• Ramky Infrastructure has bagged work orders worth INR 5.82 bn covering industrial, water and waste water and building verticals
from different parts of the country. Positive, as it improves the revenue visibility of the company
• BEML has bagged an order for USD 11 mn from Myanmar for supply of a fleet of dump trucks, used for transporting loose materials,
spares, supplies. Shipment of trucks is expected to commence from Q3FY12. The company is focusing on African and Chinese markets
for mining and construction equipments during current fiscal. Positive strategically, as presence in alternate geography will de-risk its
business model from the risk of dependency in a particular region.
• Unity Infraprojects bagged an order worth INR 997.4 mn in Madhya Pradesh. The company is also looking to raise INR 1 - 1.5 bn to retire
its high cost debt. Neutral, given the size of order and raising of low cost debt fund is just planned.
Cement
• Ambuja Cements has bought an 85% stake in Nepal’s Dang Cement Industries for about INR 191 mn and company is also in the process
of buying an additional 5% in Dang, which holds limestone mining lease in Nepal, for INR 11.3 mn. Neutral
Information Technology
• Infosys Ltd. will explore business opportunities in the government outsourcing market in the UK as the company seeks to increase its
share of revenue from public sector departments looking to cut costs. The company has also acquired Gen-I, the corporate information
communication technology arm of Telecom New Zealand.
• HCL Infosystems Ltd. is under the scanner of the CBI for its alleged role in charging an exorbitant fee of nearly INR 5.7 bn for its
broadcast network technology to MTNL Ltd. during the Commonwealth Games, although the initial estimate for the same was only
around INR 314.3 mn.
• HCL Technologies Ltd. may strengthen its presence in the financial services sector by buying out Oracle Financial Services’ services
arm.
Metals & Mining
• Coal India , the only supplier of the scarce mineral to steel and power industries, has tweaked a clause in its fuel supply agreements to
escape penalty even while supplying only half of the contracted amount to end users. As against the earlier penalty trigger point of
90%, the state-owned fuel supplier now has to ensure only 50% supplies to evade damages citing shortage and lower production due
to stringent environmental norms.
• Hindustan Copper may not sell new shares in a planned follow-on public offer as soaring copper prices have left the company with
strong cash reserves and no immediate need to raise funds.
Oil & Gas
• Indraprastha Gas Ltd (IGL), a JV of state-run GAIL India and BPCL, hiked compressed natural gas (CNG) by Rs 0.50 per kg, the second
hike in rates in as many months. Neutral, given the quantum of hike which is off-set by higher input cost.
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11Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Mutual Fund Insights
Scheme Update
Deutsche Mutual Fund has announced that the face value of institutional plan
under DWS Treasury Fund - Cash Plan, an open ended debt fund will be changed
from Rs 10 to Rs 100 with effect from July 4, 2011. The unit holding of the existing
investors as of that date will be adjusted accordingly and the same will not have
any impact on the value of investment.
Mutual Funds (MFs) made investments worth Rs 312.70 crore and sold off Rs
285.60 crore worth of equities on June 07, 2011, according to data released by the
Securities and Exchange Board of India (SEBI). Thus, MFs stood as net buyers of
Rs 27.10 crore in equities on that day. In the month of June, MFs have made total
investments of Rs 1797.60 crore and sold off Rs 1991.60 crore worth of equities, so
far.
ING Mutual Fund has announced revision of fundamental attributes of ING
Liquid Fund. The nature of the scheme is being changed from an open ended
liquid income scheme to an open ended liquid scheme. The investment objective
of the scheme is to generate reasonable returns while providing a high level of
liquidity and low risk by investing in money market securities. All the existing
investors of this scheme as on 30th May 2011 would be provided an exit optionwithout charging an exit load from 6th June 2011 to 5th July 2011. The change will
be effective from 6th July 2011.
Source: Accord Fintech
Source: Accord Fintech
Weekly Activity
Purchase Sales Net Purchase /Sales Purchase Sales Net Purchase /Sales
Mutual Fund Activity
9-Jun-11 2.74 2.29 0.45 36.61 17.00 19.62
8-Jun-11 2.79 2.57 0.22 50.90 20.86 30.04
7-Jun-11 3.13 2.86 0.27 36.39 27.64 8.756-Jun-11 4.71 2.95 1.75 38.97 24.38 14.59
FII Activity
10-Jun-11 18.40 16.94 1.46 6.45 11.34 -4.89
9-Jun-11 19.05 17.31 1.75 8.27 8.50 -0.23
8-Jun-11 20.13 19.76 0.36 13.92 5.49 8.43
7-Jun-11 15.73 19.96 -4.23 3.75 12.01 -8.26
6-Jun-11 19.83 14.45 5.38 20.36 12.08 8.28
DateEquity (INR in Bn) Debt (INR in Bn)
-10 -5 0 5 10
6-Jun
7-Jun
8-Jun
9-Jun
10-Jun
FIITradingActivity(InBillions)
Debt Equity
0 5 10 15 20 25 30 35
6-Jun
7-Jun
8-Jun
9-Jun
MFTradingActivity(InBillions)
Debt Equity
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New Fund Offers
Fund Opens Closes Structure Fund Manager Investment Objective Benchmark
ICICI Pru FMP-57-1Y-
B(G)6-Jun 13-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
Kotak FMP 50(G) 7-Jun 13-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
IDBI FMP-90D-I(June
11)-C(G)10-Jun 13-Jun
Close
endedMr. Gautam Kaul
To generate regular income through investmentsin Debt and Money Market Instruments. In
accordance with SEBI Circular No SEBI/IMD/
CIR No. 12/147132/08 dated December 11, 2008;
each Plan shall invest only in such securities
which mature on or before the maturity date of
the respective plan.
Crisil Liquid Fund
Index
DSPBR FMP 12M-22-
(G) 10-Jun 14-Jun
Close
ended Mr. Dhawal Dalal
To generate returns and capital appreciation by
investing in a portfolio of debt and money
market securities. The Scheme will invest only insuch securities which mature on or before the
date of maturity of the Schemes..
Crisil Short-Term
Bond Fund Index
DSPBR FMP 3M-38-
(G)10-Jun 14-Jun
Close
endedMr. Dhawal Dalal
To seek capital appreciation by investing in a
portfolio of debt and money market securities.
The Scheme will invest only in such securities
which mature on or before the date of maturity of
the Schemes. The Schemes may also use fixed
income derivatives for hedging and portfolio
balancing.
Crisil Liquid Fund
Index
HDFC FMP-XVIII-
370D-June 2011(2)-(G)10-Jun 14-Jun
Close
ended
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-Term
Bond 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
Religare FMP-VIII-B-13M(G)
9-Jun 14-Jun Closeended
Mr. Nitish Sikand
To generate income by investing in a portfolio of
debt and money market instruments maturing on
or before the date of maturity of the Scheme.
Crisil Short-TermBond Fund Index
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Fund Opens Closes Structure Fund Manager Investment Objective Benchmark
Taurus FMP-G(G) 9-Jun 14-Jun Closeended
Mr. Rahul Pal / Mr.Pankaj Jain
To generate income with minimum volatility
through investments in a portfolio of debt and
money market instruments maturing on or
before the maturity of the Scheme.
Crisil Short-TermBond Fund Index
HDFC FMP-XVIII-
370D-June 2011(1)-(G)10-Jun 15-Jun
Close
ended
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-Term
Bond Fund Index
ICICI Pru FMP-55-1Y-
H(G) 8-Jun 15-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 date of
maturity of the Plan under the Scheme.
Crisil Short-Term
Bond Fund Index
IDBI FMP-395D-
I(June 11)-C(G)6-Jun 16-Jun
Close
endedMr. Gautam Kaul
To generate regular income through investments
in Debt and Money Market Instruments. In
accordance with SEBI Circular No SEBI/IMD/
CIR No. 12/147132/08 dated December 11, 2008;
each Plan shall invest only in such securities
which mature on or before the maturity date of
the respective plan.
Crisil Short-Term
Bond Fund Index
Kotak FMP 51(G) 10-Jun 16-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
ICICI Pru CPO-I(G) 3-Jun 17-Jun
Close
ended
Mr. Mrinal Singh /
Mr. ChaitanyaPande
To seek 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 inequity and equity related securities. The
securities would mature on or before the
maturity of the Plan under the scheme.
Crisil MIP Blended
Index
DWS FTF-84(G) 6-Jun 20-JunClose
ended
Mr. Kumaresh
Ramakrishnan
To generate 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
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14Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Source: Accord Fintech
Fund Opens Closes Structure Fund Manager Investment Objective Benchmark
IDBI FMP-367D-
I(June 11)-E(G)6-Jun 20-Jun
Close
endedMr. Gautam Kaul
To generate regular income through investments
in Debt and Money Market Instruments. Inaccordance with SEBI Circular No SEBI/IMD/
CIR No. 12/147132/08 dated December 11, 2008,
each Plan shall invest only in such securities
which mature on or before the maturity date of
the respective plan.
Crisil Short-Term
Bond Fund Index
Reliance Dual Advant
FTF-1-L(G)10-Jun 24-Jun
Close
ended
Mr. Shailesh Raj
Bhan / Mr. Anju
Chhajer
To generate returns and reduce interest rate
volatility, through a portfolio of fixed income
securities that are maturing on or before the
maturity of the Scheme along with capital
appreciation through equity exposure.
Crisil MIP Blended
Index
JPMorgan JF ASEAN
Equity Off-shore
Fund (G)
10-Jun 24-JunClose
ended
Mr. Namdev
Chougule
To provide long term capital growth by investing
predominantly in JPMorgan Funds - JF ASEAN
Equity Fund, an equity fund which invests
primarily in companies of countries which are
members of the Association of South East Asian
Nations (ASEAN).
MSCI South East
Asia Index
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15Wealth Research, Unicon Financial Intermediaries Pvt. Ltd.Email: [email protected]
Source: Accord Fintech
Weekly Recommendations (Debt)
NAV CAGR (In %)
Scheme Name (11 Jun 11) 1 Week 1 Month 1 Year Since Inception
Category: Floating Rate
Birla SL FRF-LT(G) 17.11 0.17 0.75 7.38 6.93 10.02 21.90 21.90 0.14
Reliance FRF ST(G) 15.94 0.21 0.67 6.73 5.94 0.00 178.85 164.25 0.80
LICMF FRF-STP(G) 16.24 0.15 0.59 6.29 6.96 0.00 9.84 9.36 0.64
Category: Income - Long term
Birla SL Dynamic Bond-Ret(G) 16.58 0.23 0.64 5.75 7.85 10.25 547.50 529.25 0.79
ICICI Pru Income-Reg(G) 31.23 0.30 0.38 2.99 9.17 9.14 1324.95 949.00 2.11
DSPBR Govt. Sec(G) 33.35 0.26 0.89 2.07 10.84 0.00 1642.50 1076.75 1.25
Category: Income - Short term
Kotak Bond-STP(G) 18.78 0.24 0.74 4.17 7.16 9.80 211.70 193.45 0.89
Templeton India ST Income(G) 1987.19 0.27 0.75 6.12 7.61 10.74 445.30 357.70 1.30
UTI ST Income(G) 17.02 0.40 0.71 7.03 6.90 0.00 635.10 0.00 0.59
Category:Ultra Short Term Fund
Templeton India Ultra-ST-Ret(G) 12.72 0.16 0.72 7.39 7.15 8.81 29.20 29.20 0.65
Kotak Floater-ST(G) 16.31 0.16 0.73 7.30 6.38 9.10 25.55 25.55 0.57
Tata Floater(G) 14.92 0.17 0.75 7.61 7.19 8.65 20.52 0.00 0.25
Category: Liquid
Templeton India TMA-Reg(G) 2441.52 0.15 0.69 6.86 7.04 8.73 36.50 32.85 0.85
SBI Magnum InstaCash-Cash(G) 22.12 0.16 0.71 7.23 6.80 7.98 18.25 18.25 0.35
Tata Liquid-RIP(G) 2277.78 0.16 0.71 6.87 6.65 8.88 16.44 0.00 0.65
Expense
RatioYTM
verage
Maturity In
o e
Duration inAbsolute Return (In %)
NAV CAGR (In %)
Scheme Name (11 Jun 11) 1 Week 1 Month 1 Year Since Inception
ICICI Pru Dynamic(G) 106.82 -0.40 -0.39 10.31 31.65 0.63 0.01 1.84
Fidelity Equity(G) 34.94 -0.10 0.36 9.70 22.88 0.80 0.01 1.85
ICICI Pru Discovery(G) 48.86 -0.59 -0.04 9.50 26.19 0.67 0.01 1.92
Franklin India Bluechip(G) 212.41 -0.33 -0.33 11.30 25.13 0.78 0.02 1.83
Principal Large Cap(G) 28.01 -0.14 -0.28 5.06 20.27 0.82 -0.01 2.27
DSPBR Top 100 Equity-Reg(G) 99.09 -0.44 -0.14 8.97 32.01 0.78 0.01 1.86
Birla SL MIP(G) 26.66 0.18 0.44 6.26 9.73 0.14 0.00 2.09
ICICI Pru Child Care Plan-Study Plan 29.77 0.17 0.99 8.29 11.80 0.15 0.01 1.50
Tata MIP Plus(G) 16.05 0.33 0.65 4.07 6.76 0.32 0.00 2.00
Birla SL '95(G) 309.41 0.17 0.34 10.63 23.40 0.51 0.03 2.31
DSPBR Balanced(G) 65.62 -0.07 0.17 8.89 16.90 0.57 0.02 2.10
Tata Balanced(G) 82.71 0.03 0.56 8.42 16.67 0.67 0.02 2.34
Category: Balanced Funds
Category: Largecap
Category: Monthly Income Plans
Absolute Return (In %)BETA ALPHA
Expense
Ratio
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Source: Accord Fintech
Dividend Declaration
Scheme Name Category Record Date Gross Corporate Non-Corporate
Birla SL Gilt Plus-Liquid(QD) Debt 15-Jun-11 1.31 1.31 1.31
Birla SL Gilt Plus-PF(QD) Debt 15-Jun-11 0.71 0.71 0.71
Birla SL Gilt Plus-Reg(QD) Debt 15-Jun-11 1.58 1.58 1.58
Birla SL ST FMP-12(D) Debt 14-Jun-11 2.23 2.23 2.23
Birla SL ST Oppor-Ret(D) Debt 15-Jun-11 1.31 1.31 1.31
ICICI Pru FMP-52-1Y-B(D) Debt 15-Jun-11 6.88 6.88 6.88
ING Dividend Yield(D) Equity 13-Jun-11 30.00 30.00 30.00
LIC Nomura MF Floater MIP(AD) Hybrid 14-Jun-11 6.50 6.50 6.50
LIC Nomura MF Floater MIP(QD) Hybrid 14-Jun-11 2.50 2.50 2.50
LIC Nomura MF MIP(AD) Hybrid 14-Jun-11 3.50 3.50 3.50
Religare Active Inc-A(QD) Debt 15-Jun-11 1.71 1.71 1.71
Religare Medium Term Bond Fund(QD) Debt 15-Jun-11 1.45 1.45 1.45
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