Morning Mantra 11th October 2013

Today’s View The Indian markets are likely to be good tailing the global markets but all eyes will be on the and IIP numbers slated to be announced later in the day. IT bellwether Infosys will mark the official start of second quarter earnings season. There are wide expectations that Infosys will perform better on the back of rupee depreciation and can report 3% growth in revenues in dollars. There is also expectation that Infosys will increase its sales growth forecast for fiscal 2014 from earlier 6% -10% to 8%-11% range. Traders will also be eyeing the Industrial growth numbers; the Index of Industrial Production (IIP) data for August though will be announced after the market hours but is likely to remain on growth path after surprising in last month with a growth of 2.6% and coming out of contraction mood. The Reserve Bank of governor Raghuram Rajan has said that Indian companies with high foreign currency debt could face difficulties but do not pose system-wide risks to the country's financial sector. There will be some concern too, as indicating tough times ahead, a survey by industry body FICCI has lowered the country’s economic growth forecast for 2013-14 fiscal to 5% from 6% projected in July. There will be some buzz in the fertilizers stock, as the Fertiliser Ministry has sought additional Rs.35,000 crores funds towards subsidy payment to companies.

Global Indices – 10th October, 2013 Institutional Activities – 10th October, 2013 Dow +323.09(+2.18%) FII Cash +614.27crs Nasdaq +82.97(+2.26%) DII Cash -460.48crs S&P 500 +36.16(+2.18%) FII F&O +871.39crs

Other Information The Asian markets have made an all green start taking cues from the US markets and some of the indices are up by over a percent in early deals after US lawmakers indicated of continuing the talks on raising the nation’s debt limit to avoid a default. Brent Crude Oil $111.80/barrel `/$ -61.36

US. Markets The US markets went for a rally breaking their jinx of ending in red, on optimism about an end to the budget deadlock in Washington and traders largely shrugged off a report from the Labor Department showing a sharp jump in initial jobless claims.

F&O Ban NIL

News/Corporate Announcement on Thursday said its US subsidiary has filed a lawsuit in the Court of Chancery of the State of Delaware to enforce its exclusive royalty-bearing licence agreement. India promoters Anand Burman and Gaurav Burman have forayed into health education and homecare space through two joint ventures with foreign partners. The Landmark Group, real estate investment arm of the Dalmia Group, sold its stake in a 4,500-acre residential property — Hi Tech City — to its original partner Wave Group in Ghaziabad for Rs.350 crores, three-and-a-

half times its investment of Rs.111.26 crores. Private equity firm ICICI Venture has sold 6% stake in India’s only listed gaming company Delta Corp through secondary market transactions. is close to taking an oil block in the Latin American nation that can produce as much as 10 million tons of oil per annum. , the country’s largest mobile phone company, aims to increase its post-paid customer base by offering them tailor-made voice and data plans that can be customised according to individual usage patterns. Mahindra & Mahindra said its two wheeler business will be managed by its flagship automotive and farm equipment business sectors (AFS). Hotel Leelaventure and Kempinski, a German Hotel Group, have mutually decided to end their 25 year old relationship with effect from October 01, 2013.

In-House Fundamental Calls Scripts Initiation price (`) CMP(`) TGT(`) Buy Calls United Phosphorus 143.95 151.25 180.00 Persistent Systems 511.00 684.05 680.00 Bajaj Corp. 244.95 261.40 327.50 VST Tillers Tractors 359.55 474.00 470.00 Cairn India 291.15 322.05 378.50 Force Motors 252.10 308.00 328.00 420.80 439.00 550.00 Vardhman Textiles 293.05 346.60 380.00 Aditya Birla Chemical 81.60 88.80 106.00 Rural Electrification 168.85 194.45 206.00 Corporation Ltd. Avanti Feeds 206.95 223.00 300.00 Hinduja Global Solutions 279.00 441.65 360.00 Union 115.35 115.60 150.00 ADF Foods 47.50 46.50 62.00

Nifty Technical Levels Today Close 6021 Supports 5990 5958 5937 5920 Resistances 6043 6073 6104 6125

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