Member: NSE | BSE | MCX | CDSL

Report – Mar 10, 2015 (TUESDAY) SENSEX 28709.87 -134.91(-0.47%)

NIFTY 8712.05 -44.70 (-0.51%)

DURING THE DAY

The market ended on lower note. The Sensex was down 134.91 points at 28709.87 and the Nifty slipped 44.70 points at 8712.05. About 1261 shares have advanced, 1584 shares declined, and 200 shares are unchanged. Bharti was up 7 percent, while , M&M, BHEL and Hero are top gainers in the Sensex. Among the losers were HDFC, Hindalco, HUL, and .

MAJOR GAINERS % MAJOR LOSERS % 6.87 DLF -4.44 COAL INDIA 4.00 HDFC -3.62 NMDC 1.96 JINDAL STEEL -2.54 M&M 1.93 HUL -2.10

SECTORWISE % % BankBREAKUP -0.49 Capital Goods -0.41

FMCG -0.39 Metal 0.58

Oil & Gas -0.78 Healthcare -0.19

Realty -1.83 IT 0.09 Power -0.63 Auto 0.37

INSTITUTIONAL ACTIVITY 10/03/2015 Equity(FII) Sellers -748.13 Cr

10/03/2015 Equity(DII) Buy ers 290.48Cr

COMMODITY MARKET SNAPSHOT US & EUROPE MARKET SNAPSHOT

DOW JONES FUT 17,920.00(+97.50) GOLD 25,885.00(-139) NASDAQ FUT 4,387.00(-26.50) SILVER 35,758.00 (-159) FTSE 6,815.95(-60.52) NYMEX CRUDE 49.65(-0.25) DAX 11,496.81(-85.30)

EXCHANGE ASIAN MARKET

USD / INR 62.6200 NIKKEI 18,665.11(-125.44)

POUND / INR 94.5350 HANG-SENG 23,896.98(-226.07)

EURO / INR 67.7486 SHANGHAI 3,287.10(-15.31)

EURO / USD 1.0753 STRAITS TIMES 3,398.26(-6.31)

TAIWAN 9,536.53(-26.45)

AROUND THE GLOBE

Borrowing Cheap in Europe Comes With Catch for U.S. Firms

For the horde of U.S. companies chasing record-low borrowing costs in Europe, the debt isn’t as cheap as it looks. As issuers from Kinder Morgan Inc. to Priceline Group Inc. sell 34 billion euros ($36.8 billion) of bonds as average yields slip below 1 percent, derivatives traders are extracting bigger fees to swap the interest payments into dollars. The cost to do that for five years has more than doubled since December, increasing to the most since 2012, according to prices compiled by Bloomberg. The surging swaps costs are eating into the savings American companies have sought by issuing in euros instead of dollars. U.S. borrowers have accounted for 14.5 percent of bond offerings in the region this year, the most since 2007, as they capitalize on European Central Bank stimulus measures while the Federal Reserve contemplates raising interest rates for the first time since 2006. “The advantage of issuing in euros for U.S, companies has been greatly diminished,” said Hans Mikkelsen, head of U.S. investment-grade credit strategy at Bank of America in New York. “The acceleration of issuance into the European market, especially from companies that don’t already have significant exposure there, will decline.”

Scots Who Unsettled U.K. Markets Seen Calming EU Anxiety

Less than a year after their failed bid to leave the U.K. rippled through financial markets, Scotland’s nationalists may emerge as pacifiers. With just under two months to go before the British election, polls show the Scottish National Party is on course to take the most seats in Scotland. Leader Nicola Sturgeon said she would potentially support a minority Labour government in London. She ruled out any deal with Prime Minister David Cameron’s Conservatives, who want to hold a referendum on the U.K.’s European Union membership. Britain leaving the EU “is the biggest market scare,” said Jason Simpson, a fixed-income strategist at Societe Generale SA in London. “The irony being obviously that with one swipe they could deprive Labour of a potential majority and on the other side might be in a position to allow them to govern.” The election on May 7 looks like it will be the tightest since the 1970s and the question over the EU has become a bigger concern for financial markets than traditional party divisions on spending and taxation. The unease has been seen in the pound, with volatility last month rising to a more than two-year high. Labour, backed by trade unions and whose leadership has attacked the government over the speed of budget cuts, ruled out a vote on EU membership. The Conservatives, historically the party of the free market and the first to deregulate the financial industry, aim to hold one by the end of 2017. U.K. Locks in Record Yields for 53 Years as BOE Outlook Shifts

As investors bring forward bets on the timing of the Bank of England’s first interest-rate increase since 2007, the U.K. locked in record-low borrowing costs for the next 53 years. The Debt Management Office auctioned 1.5 billion pounds ($2.3 billion) of government bonds due in July 2068 on Tuesday. The securities were sold to yield 2.623 percent, compared with the previous record-low auction yield of 3.28 percent for equivalent-maturity debt set in 2012. Locking in lower borrowing costs is increasingly important for the U.K. government, as concerns of an uncertain election outcome in May have helped make gilts the second-worst performing developed-bond market this year. “It could easily be close to mid-year before we have more very long bond supply,” said Jason Simpson, a fixed-income strategist at Societe Generale SA in London. “It does seem like the path of least resistance is for higher yields. We are looking for the Fed to hike in June and that can only increase speculation that the BOE will not be far behind,” he said, referring to the U.S. Federal Reserve. U.K. 10-year yields fell four basis points, or 0.04 percentage point, to 1.89 percent as of 10:55 a.m. London time. The rate touched 1.96 percent on March 6, the highest level since December. The 5 percent gilt due in March 2025 rose 0.43, or 4.30 pounds per 1,000-pound face amount, to 128.16. The yield of the July 2068 bonds dropped one basis point in the secondary market to 2.65 percent.

STOCK UPDATES

1) Natco Pharma:-

Shares of Natco Pharma rallied 6 percent to end at record closing high of Rs 1,642.80 on the on Tuesday after seeing more than 8 percent rally intraday. The US Supreme Court has declined a review of a federal circuit court ruling that favoured Natco Pharma in a patent infringement litigation over swine flu treatment drug Tamiflu. The -based firm said it is "pleased with the US Supreme Court's decision to deny certiorari for the generic version of Tamiflu oral capsules (oseltamivir phosphate)". The denial was issued on March 9 in the case of Inc et al v Natco Pharma Limited et al No 14-647, Natco Pharma said in a filing to BSE. "In the April 22, 2014 Federal Circuit decision, Circuit Judges Chen and Prost agreed with Natco and Alvogen's position that an earlier filed and earlier expiring patent qualifies as an obviousness-type double patenting reference for a later filed, and later expiring patent," Natco Pharma said. The Supreme Court has declined to review the Federal Circuit's decision. The case remains pending in the District of New Jersey where the validity of US Patent No 5,763,483 continues to be challenged, it added. The company had received a tentative approval on March 14, 2014, for Oseltamivir Phosphate Capsules USP 30 mg, 45 mg and 75 mg on its Abbreviated New Drug Application (ANDA) containing a Paragraph IV certification filed with the US Food and Drug Administration (USFDA), it said. The firm had filed ANDA under Para-IV with the USFDA challenging Gilead's patent on the drug in February 2011. Natco has partnered with Alvogen in the US for marketing this product, the company said. Gilead had exclusively licensed their relevant patents of Tamiflu to Roche.

2) Bharti Airtel:-

Telecom stocks saw a relief rally as the day-on-day jump in spectrum bid prices for the 900 Mhz band moderated to 2 percent. Shares of Bharti Airtel jumped 10.5 percent while Idea and Reliance Communication gained 3-4 percent. According to sources, spectrum auction has reached its last leg even as bidding has closed for the 900 Mhz band. However, bidding activity is seen for 800 Mhz spectrum and auction will continue even if bids are only in one circle. The government has already received bids worth Rs 94,000 crore after 31 rounds of bidding at the end of day five. While the government is happy with the outcome of the auctions, telecom experts and skeptics feel the manner in which the auction is designed and the prices are spiking, is actually counter-productive to the government's digital India mission. The government has exceeded its target of Rs 82,000 crore from spectrum auction. According to telecom minister Ravi Shankar Prasad this is a validation of the government's stance not to give into pressure and cut the reserve prices. According to experts, the price for 900 Mhz spectrum has increased by an average of 75.3 percent over the reserve price and it has been the most sought after for two reasons. Firstly, incumbents such as Bharti Airtel, Vodafone, Idea Cellular and RCom are bent on retaining their existing spectrum holding in circles where licenses are coming up for renewal. Second, Bharti and Vodafone are trying to push out Idea and RCom from the lucrative and growing telecom circles of Bihar and Uttar Pradesh.

3) Monnet Ispat:-

Investors continued to buy shares of Monnet Ispat on Tuesday after its power subsidiary won Utkal C coal block on the fifth day of the second phase of coal block auctions. The stock rallied 13.7 percent intraday today in addition to 3 percent gains in previous session. Monnet Power Company bagged the Utkal C mine in Odisha on Monday for an estimated Rs 9,537.22 crore. According to information available on the official website for the coal auctions, the Utkal C was bagged by Monnet Power Company with a closing bid of Rs 770 a tonne. Utkal C has an extractable reserve of 123.86 million tonnes (MT). It was previously allotted to Utkal Coal. In the race for Utkal C were Adani Power, Adani Power Maharashtra, DB Power, Essar Power Gujarat, GMR Mining and Energy, Jindal India Thermal Power, Jindal Power, KSK Mahanadi Power Company, Lalitpur Power Generation Company, LANCO Barbandh Power, RKM Powergen, Sesa Sterlite, Sheesham Commercial and Simhapuri Energy. Meanwhile, Monnet Ispat is gearing up for its largest ever consolidation and may be set to sell stake in power and sponge business, sources told CNBC-TV18 on Monday. The company is likely to sell 87.5 percent in Monnet Power and 35.17 percent in Orissa Sponge. JSW Group is learnt to be talks to buy out these assets.

PIVOTTABLE

Scrip Name Last Rate S2 S1 Pivot R1 R2 High Low .532215 585.75 574.52 583.08 597.17 605.73 619.82 595.2 580 .532977 2,128.95 2,062.43 2,087.77 2,119.13 2,144.47 2,175.83 2,155.00 2,110.45 BHARTI ARTL.532454 367.9 334.58 339.07 343.53 348.02 352.48 379.7 341.5 BHEL.500103 259.3 249.08 253.17 261.08 265.17 273.08 262.9 255.2 LTD..500087 729.7 723.37 728.28 735.02 739.93 746.67 752.45 725.75 COAL INDIA.533278 370.65 347.38 352.17 360.78 365.57 374.18 371.9 358 DR.REDDY'S.500124 3,434.10 3,404.15 3,433.50 3,473.35 3,502.70 3,542.55 3,479.95 3,410.70 GAIL (I) LTD.532155 383.75 373.25 379.5 391.25 397.5 409.25 386.2 377.55 HDFC BANK.500180 1,052.75 1,042.32 1,050.73 1,064.77 1,073.18 1,087.22 1,065.00 1,045.10 HDFC.500010 1,312.80 1,328.37 1,347.13 1,371.07 1,389.83 1,413.77 1,365.90 1,307.50 HEROMOTOCO.500182 2,616.00 2,559.92 2,579.78 2,593.87 2,613.73 2,627.82 2,626.00 2,600.00 HIND UNI LT.500696 956.65 917.1 945.7 962.3 990.9 1,007.50 977.95 951.1 HINDALCO.500440 138.05 133.78 137.37 143.68 147.27 153.58 144 136.7 ICICI BANK.532174 333.8 324.17 328.43 336.12 340.38 348.07 337.55 330.5 LTD.500209 2,200.10 2,131.78 2,161.17 2,208.58 2,237.97 2,285.38 2,207.00 2,163.30 ITC LTD..500875 338.65 332.43 335.37 340.03 342.97 347.63 342.6 335.4 LARSEN & TOU.500510 1,752.85 1,714.88 1,738.77 1,779.88 1,803.77 1,844.88 1,789.70 1,724.05 MAH & MAH.500520 1,227.05 1,184.37 1,195.23 1,211.97 1,222.83 1,239.57 1,241.00 1,210.00 MARUTISUZUK.532500 3,648.30 3,595.37 3,633.38 3,662.12 3,700.13 3,728.87 3,686.45 3,638.85 NTPC LTD.532555 150.1 147.28 149.57 153.78 156.07 160.28 153 149.05 ONGC CORPN.500312 314.75 311.17 313.63 316.72 319.18 322.27 318.05 309 RELIANCE.500325 859.1 847.28 857.97 874.88 885.57 902.48 874.9 855.4 S&P BSESENSX.1 28,709.87 28,467.23 28,656.01 28,988.53 29,177.31 29,509.83 28,949.11 28,584.49 SSLT.500295 197.6 190.65 194.9 202.3 206.55 213.95 199.5 194.5 STATE BANK.500112 287.6 286.08 288.37 291.18 293.47 296.28 293.25 285.1 SUN PHARMA..524715 1,025.20 993.02 1,017.33 1,033.32 1,057.63 1,073.62 1,055.85 1,017.80 .500570 560.15 556.02 560.13 566.57 570.68 577.12 572.45 559 .500400 81.15 80.18 81.22 83.03 84.07 85.88 84 80.9 TATA STEEL.500470 332.1 330.07 333.23 338.17 341.33 346.27 339.2 330.75 TCS LTD..532540 2,642.80 2,576.62 2,609.88 2,645.07 2,678.33 2,713.52 2,674.60 2,595.35 LTD..507685 655 650.92 655.33 660.67 665.08 670.42 664 645.05

Disclaimer: This document is for private circulation only. Neither the information nor any opinion expressed constitutes an offer, or any invitation to make an offer, to buy or sell any securities or any options, future or other derivatives related to such securities. Amol Financial Services Pvt. Ltd. or any of its associates or employees does not accept any liability whatsoever direct or indirect that may arise from the use of the information herein. Amol Financial Services Pvt. Ltd. and its affiliates may trade for their own accounts as market maker, block positional, specialist and/or arbitrageur in any securities of this issuer (s) or in related investments, may be on the opposite side of public orders. Amol Financial Services Pvt. Ltd. and its affiliates, directors, officers, employees, employee benefit programs may have a long or short position in any securities of this issuer (s) or in related investments no matter content herein may be reproduced without the prior permission of Amol Financial Services Pvt. Ltd. While there report has been prepared on the basis of published/other publicly available information considered reliable, we are unable to accept any liability for the accuracy of its contents.