Saturday, June 04, 2011

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)

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 Saturday, June 04, 2011

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 Management’s 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 ISM’s production
index decreased to 54 from 63.8 in April. Canada’s 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
threatened by a strong dollar and auto production curbed by
Japan’s earthquake and tsunami.
European Union leaders will decide on additional aid for Greece by
the end of June and have ruled out a “total restructuring” of the
nation’s debt. The IMF and the ECB are set to wrap up a review of
Greece’s progress in meeting the terms of last year’s 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 Europe’s 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.

Global Economic Indicators (As on June 2, 2011)

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
Source: Economist

Commodities and Currencies

Gold futures rose in a week on speculation that the Federal Reserve JPMorgan Asia Dollar Index, which tracks the 10 most-active
will keep interest rates low to stimulate the U.S. economy. Gold currencies, climbed 0.2% for the week as demand for the dollar
futures for August delivery settled at USD 1,542.40 an ounce on waned after Moody’s Investors Service said the U.S. risks losing its
the Comex division climbing 0.3% this week. The Bloomberg- top credit rating.

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Indian Economy
India’s 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
to 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
imports 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.
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%.
India’s 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
bank’s comfort level and will pressure rates higher.

Indian Debt Markets

RBI sold INR 120 bn of bonds, the bank set a cut-off price of INR cut-off price for the 7.59 percent 2016 bonds came in at INR 96.80,
97.75 at the auction of the 8.13%, 2022 bonds, yielding 8.4401%. The yielding 8.4027%. The 10-year benchmark bond yield was at 8.28%.

Indian Currency Movement

Rupee completed its first weekly gain since April as overseas The rupee gained 0.8% this week to 44.815 per dollar.
investor’s pumped money into the nation’s stocks.

Headline Inflation by WPI (%) (Apr’11) INR Exchange Rate (As on June 3, 2011)
Annualized Rate Annualized Rate Change Change
Current 1 Week 1 Year
(current) (last month) Weekly annual
Headline Inflation USD 44.85 45.21 (0.79) 46.54 3.63
8.66 8.98
(WPI) GBP 73.29 74.31 (1.37) 67.78 (8.12)
Internals Euro 64.89 64.4 0.76 57.38 (13.08)
Yen 55.59 55.79 (0.35) 51.05 (8.89)
Primary Products 12.05 12.96
Debt Market Yields (%)
Fuel Power and
13.32 12.92 10 year Gilt 8.28
Lubricants
Manufactured 1 Year Gilt 8.16
6.18 6.21 Source: CCIL
Goods
Source: CCIL

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1700 Gold / Silver (Spot) 55 120 Crude Oil 400

(Million Barrels)
390
1600 50
110
380
1500 45
370
1400 40 100

Price (USD)
360

Silver ($/OZ)
Gold ($/OZ)

1300 35

Inventory
90 350
1200 30 340

1100 25 80
330

1000 20 320
70
900 15 310

60 300
800 10
Jun-10 Jul-10 Aug-10 Oct-10 Nov-10 Dec-10 Feb-11 Mar-11 May-11
Jun-10 Jul-10 Aug-10 Oct-10 Nov-10 Dec-10 Feb-11 Mar-11 May-11
Inventory Crude Oil
Silver Gold

1.55 Currencies 1.8 0.013 Currencies 1.15

1.5 1.75 1.1

0.0125
1.45 1.05
1.7
0.012
1.4 1
1.65
USD / EUR

USD / JPY

USD / AUD
0.0115
USD / GBP

1.35 0.95
1.6
1.3 0.011 0.9
1.55
1.25 0.85
0.0105
1.5 0.8
1.2
0.01
1.15 1.45 0.75

1.1 1.4 0.0095 0.7

Jun-10 Jul-10 Aug-10 Oct-10 Nov-10 Dec-10 Feb-11 Mar-11 May-11 Jun-10 Jul-10 Aug-10 Oct-10 Nov-10 Dec-10 Feb-11 Mar-11 May-11
USD / JPY USD / AUD
USD / EUR USD / GBP

Economic Calendar
India US
Date Event Period Prior Date Event Period Prior
9-Jun Food Articles WPI YoY 28-May 8.06% 7-Jun IBD/TIPP Economic Optimism JUN 42.80
9-Jun Fuel Power Light WPI YoY 28-May 12.54% 8-Jun Consumer Credit APR $6.016B
9-Jun Primary Articles WPI YoY 28-May 10.87% 8-Jun MBA Mortgage Applications 3-Jun -4.00%
10-Jun Industrial Production YoY APR 7.30% 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%

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Key Indices Global Global and Domestic Stock Markets

% Change
Close Global
(week)
Global markets continued to trade with negative bias with weak disappointing
Dow Jones 12,151.30 -2.3%
data. Dow Jones, Nasdaq, S&P 500 were all lower for the week. European markets
NASDAQ 2,732.80 -2.3%
also ended negative. Similar volatility was seen in Asian markets with Hangseng
S&P 500 1,300.20 -2.3%
and Nikkei ending negative. In the commodities market, NYMEX Crude traded
FTSE 5,855.00 -1.4% below the $100 levels and Gold traded higher near $1541 levels in the week. On
DAX 7,109.00 -0.8% the economic front, Nonfarm payrolls rose by just 54,000 in May, below analyst
Hang Seng 22,949.60 -0.7% expectations, the unemployment rate rose to 9.1% from 9.0% in April. The small

Nikkei-225 9,492.20 -0.3% gain in employment is the weakest monthly job growth since September. The

Key Indices (Indian) job report gives gloomy picture of the US economy and bearish in the markets

% Change is likely to continue in short term. US Data to watch next week: Consumer Credti,
Indices Close
(week) Initial Jobless Claims, Trade Balance, Wholesale Inventories, Import Price
BSE SENSEX 18,376.50 0.6% Index.

NSE NIFTY 5,516.80 0.7%

Domestic Performance of Sectoral Indices
BSE MIDCAP 6,896.10 2.5%
The Indian bourses remained volatile with positive and negative news in
BSE SMALL CAP 8,238.70 1.6%
domestic markets affecting the investor sentiments. Nifty and Sensex gained
Sectoral Indices
0.6% and 0.7% respectively. BSE Midcap and Smallcap gained 2.5% and 1.6%
BSE AUTO 8,807.10 -1.9% respectively. Among the BSE sectoral indices, IT (+0.9%), Bankex (0.7%) gained
BSE METALS 15,082.60 -0.6% marginally, while Auto (-1.9%), Metals (-0.6%) ended negative. On the BSE100
BSE BANKEX 12,309.30 0.7% index, Rcom, Rel Capital were the gainers, while Tata Motors, M&M lost on

BSE IT 6,003.70 0.9% weak auto sales data. DIIs were net sellers while FIIs were net buyers in cash

Weekly Gainers (BSE 100) market. Data to watch next week: Food Articles WPI YoY, Fuel Power Light WPI
YoY, Primary Articles WPI YoY, Industrial Production YoY.
RCom 93.4 9.9%

Rel Capital 524.65 7.6%

Outlook
Weekly Losers (BSE 100)
June series began with some upsides in the market as FIIs turned net buyers
Tata Motors 1025.1 -5.8% after the May correction in markets. But weak global markets affected the
M&M 667.2 -5.0% sentiments in later trading sessions of the week. ADAG companies remained
Weekly Turnover (in INR Bn) volatile during the week. Involvement of political minister in 2G scam also

BSE 136.5 affected some stocks viz. Sun TV, Spicejet. Reliance disappointed investors as
no special investment plans were announced and the scrip saw selling on
NSE CASH 548.0
Friday. Food Inflation for the last week came in at 8.06% vs. 8.55%, which still
NSE F&O 3996.4
remains above comfort level. GDP figures of 7.8% also were below expectation,
Institutional Activity in INR Bn (Weekly)
the effects of which will be seen in coming months in markets. The next week is
Institutions Net Inflow likely to remain volatile as Industrial Production data will be keenly watched.
FII 24.4 Below 5500, Nifty is likely to see some more downsides.
DIIs -12.7

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Derivative Analysis Market Snapshot

Call Option
OI Analysis
Put Option • Nifty June Futures closed at 5523.50 (Premium of 6.75 over the Nifty spot)
10,000,000 • Open interest Nifty FUTIDX (Expiry 30 June): 24.80 mn.
9,000,000
• Open interest BankNifty FUTIDX (Expiry 30 June): 1.48 mn.
8,000,000

7,000,000 • India VIX for the week ended at 17.61, up 0.36 from previous week’s close
6,000,000 (17.25). In the week VIX touched low of 16.36 and high of 18.87.
OI

5,000,000
4,000,000

3,000,000 Weekly Open Interest Analysis (Nifty Option)

2,000,000 Across all expiries, open interest is highest at the 5800, 5600, 5700 call options,
1,000,000
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
5000

5200

5300

5400

5500

5600

5700

5800

5900

6000
5100

Strike
term.
Call Option
Change in OI
Put Option
4,000,000

Sector Wise OI Change:

3,000,000
Banking, Capital Goods, Auto, and Pharma sectors saw gains in Open
2,000,000
Interest.
OI-Cha nge

1,000,000

Top 5 Price Gainers

5000

5400

5800

5900
5100

5200

5300

5500

5600

5700

6000

(1,000,000)

SCRIPS % Change - Price %Change - Volume % Change

(2,000,000)
Strike Cash Future Cash Future in OI
PUNJLLOYD 12.99% 12.82% 21.60% 113.10% 6.23%
Cement FSL 10.88% 10.48% 10.41% 266.77% 6.86%
CapitalGoods
TTML 10.53% 10.13% 121.52% 539.81% 3.84%
IT
RCOM 9.76% 9.63% 5.77% 149.87% 1.75%
Pharma
Sec tors

Auto
RENUKA 9.36% 9.06% -42.70% 2.66% -1.75%
Metal&Mining

Oil&Gas Top 5 Price Losers

Realty
SCRIPS % Change - Price %Change - Volume % Change
Bank
Cash Future Cash Future in OI
Power
SUNTV -26.93% -26.77% 3888.39% 7192.87% 343.64%
150%
-100%

-50%

0%

50%

100%

200%

250%

300%

350%

400%

% Change in OI
BEML -7.20% -7.61% 15.10% 22.27% 51.22%
DCHL -5.47% -7.34% -22.04% -71.92% -1.14%
Nifty PC Ratio
1.5 TATAMOTORS -5.97% -5.73% -47.21% -50.32% 15.43%
1.4 GMRINFRA -4.39% -5.07% -29.27% 86.43% 15.43%
1.3
Top 10 Volume Gainers
1.2
SCRIPS % Change in F&O % Change Volumes
PCR

1.1
1 Price Open Interest (Delivery Based)
0.9 SUNTV -26.93% 343.64% 7192.87%
0.8 BOSCHLTD 4.16% 85.00% 692.36%
0.7 MRPL 6.98% 10.26% 541.65%
1-J un

2-J un

3-J un
31-May
30-May

TTML 10.53% 3.84% 539.81%

Date
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%

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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 has
opened 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)
indicates 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.

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Weekly Recommendations

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
in 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
levels. 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.

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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.

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-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 raw
material 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 India’s 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 for ONGC 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 Russia’s 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 Ltd’s 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 Sabero’s 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.

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• 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 %.

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Mutual Fund Insights

MFTrading Activity ( In Billions)
Scheme Update
2-Jun
Ø ICICI Prudential Mutual Fund has decided to revise the exit load structure under
ICICI Prudential Gilt Fund - Treasury Plan. Accordingly, any fresh purchase or 1-Jun
additional purchase or switch-ins made under the scheme will not attract any
31-May
exit load during their redemptions or switch outs with effect from 1st June 2011.

30-May
Ø HSBC Mutual Fund has announced change in the fund management
-10 -5 0 5 10
responsibilities. Mr Dhimant Shah Vice President and Fund Manager, resigned
Debt Equity
from the services. Accordingly, HSBC India Opportunities Fund and HSBC Unique
Opportunities Fund will be managed by Mr. Jitendra Sriram and HSBC Midcap FII Trading Activity ( In Billions)

Equity Fund and HSBC Small Cap Fund will be managed by Mr. Dhiraj Sachdev. 3-Jun
HSBC Tax Saver Fund will be managed by Mr. Jitendra Sriram and Aditya Khemani
2-Jun
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
1-Jun

managed by Mr. Sanjay Shah and Mr. Ruchir Parekh. with effect from 31st May 31-May
2011.
30-May

-10 -5 0 5 10 15
Ø Mutual Funds (MFs) made investments worth Rs 726.40 crore and sold off Rs
Debt Equity
644.30 crore worth of equities on May 31, 2011, according to data released by the
Source: Accord Fintech
Securities and Exchange Board of India (SEBI). Thus, MFs stood as net buyers of
Rs 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.

Weekly Activity
Equity (INR in Bn) Debt (INR in Bn)
Date
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
Source: Accord Fintech

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New Fund Offers

Fund Opens Closes Structure Fund Manager Investment Objective Benchmark
To generate regular income through investments
Edelweiss FMP-91D- Close Crisil Liquid Fund
3-Jun 6-Jun Mr. Kapil Punjabi in Debt andMoney Market Instruments maturing
1(G) ended Index
on or before the Maturity Date of the Scheme.
To generate income and / or capital appreciation

Close Mr. Murthy by investing in widerange of Debt and Money Crisil Short-Term
Tata FMP-35-B(G) 31-May 6-Jun
ended Nagarajan Market instruments having maturity in line with Bond Fund Index

the maturity of the respective schemes..

To provide regular income, liquidity and returns
to the investors through investments in a

Close Mr. Rajeev portfolio comprising of debt instruments such as Crisil Liquid Fund
SBI DFS-180D-19(G) 3-Jun 6-Jun
ended Radhakrishnan Government Securities, PSU & Corporate Bonds Index

and Money Market Instruments maturing on or

before the maturity of the scheme.
To generate regular returns by investing in a
ICICI Pru FMP-55- Close Mr. Chaitanya portfolio of fixed income securities/ debt Crisil Composite
1-Jun 6-Jun
16M-B(G) ended Pande instruments maturing on or before the maturity Bond Fund Index
of the Plan under the Scheme.
To generate income through investments in Debt

HDFC FMP-XVIII- Close Mr. Bharat Pareek, / / Money Market Instruments and Government Crisil Short-Term
2-Jun 6-Jun
92D-June 2011(1)-(G) ended Mr. Miten Lathia Securities maturing on or before the maturity Bond Fund Index

date of the respective Plan(s).

To generate Objective regular income by
Close Mr. Kumaresh investing in debt and money market instruments Crisil Short-Term
DWS FTF-83(G) 26-May 6-Jun
ended Ramakrishnan maturing on or before the date of the maturity of Bond Fund Index
the Scheme.
To generate income by investing in a portfolio of
Close Mr. Kaustubh Crisil Short-Term
Birla SL FTP-DD(G) 26-May 6-Jun fixed income securities maturing on or before the
ended Gupta Bond Fund Index
duration of the scheme.
To generate returns which closely correspond to

Close Mr. Pranav the returns generated by securities as

Religare Nifty ETF 23-May 6-Jun S&P CNX Nifty
ended Gokhale represented by S&P CNX Nifty Index, subject to

tracking error, if any.

To generate regular returns by investing in a
ICICI Pru FMP 55-6M- Close Mr. Chaitanya portfolio of fixed income securities/ debt Crisil Short-Term
30-May 7-Jun
D(G) ended Pande instruments maturing on or before the maturity Bond Fund Index
of the Plan under the Scheme.
To generate income through investments in Debt

HDFC FMP-XVIII- Close Mr. Bharat Pareek / / Money Market Instruments and Government Crisil Short-Term
2-Jun 7-Jun
370D-June 2011(1)-(G) ended Mr. Miten Lathia Securities maturing on or before the maturity Bond Fund Index

date of the respective Plan(s).

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 Saturday, June 04, 2011

Fund Opens Closes Structure Fund Manager Investment Objective Benchmark

To generate regular returns and growth of
capital by investing in a diversified portfolio of

Reliance FHF-XIX- Close Central and State Government securities and Crisil Short-Term
25-May 8-Jun Mr. Amit Tripathi
20(G) ended Other fixed income/ debt securities maturing on Bond Fund Index
or before the date of maturity of the scheme with
the objective of limiting interest rate volatility.
To generate returns through investments in debt
and money market instruments with a view to
Mr. Deepak
Close significantly reduce the interest rate risk. The Crisil Short-Term
Kotak FMP 49(G) 2-Jun 8-Jun Agrawal / Mr.
ended Scheme will invest in debt and money market Bond Fund Index
Abhishek Bisen
securities, maturing on or before maturity of the
scheme.
To build an income oriented portfolio and
Principal Pnb FMP Close generate returns through investment in Crisil Liquid Fund
3-Jun 9-Jun Mr. Shobit Gupta
91D-XXX(G) ended Debt/Money Market Instruments and Index
Government Securities.
To achieve growth of capital through
L&T FMP - III (June Close Mr. Bekxy investments made in a basket of debt/ fixed Crisil Short-Term
3-Jun 14-Jun
366D)-A(G) ended Kuriakose income securities maturing on or before the Bond Fund Index
maturity of the Scheme.
To protect capital by investing a portion of the
portfolio in good quality debt securities & money
market instruments and also to provide capital
Close Crisil MIP Blended
ICICI Pru CPO-I(G) 3-Jun 17-Jun Mr. Amit Tripathi appreciation by investing the balance in equity
ended Index
and equity related securities. The securities
would mature on or before the maturity of the
Plan under the scheme.
Source: Accord Fintech

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 Saturday, June 04, 2011

Weekly Recommendations (Equity & Hybrid)

NAV Absolute Return (In %) CAGR (In %) Expense
BETA ALPHA
Scheme Name (04 Jun 11) 1 Week 1 Month 1 Year Since Inception Ratio
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
Category: Largecap
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
Category: Monthly Income Plans
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
Category: Balanced Funds
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

Weekly Recommendations (Debt)

NAV Absolute Return (In %) CAGR (In %) Average Modified Expense
YTM
Scheme Name (04 Jun 11) 1 Week 1 Month 1 Year Since Inception Maturity In Duration in Ratio
Category: Floating Rate Days Days
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
Source: Accord Fintech

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 Saturday, June 04, 2011

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 0.20
Reliance 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
Source: Accord Fintech

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