Note: Special session for Live trading on Saturday, April 28, 2012

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The Exchange is upgrading the capacity of Futures and Options trading system hardware and
software to the next generation system to improve processing capability and handle increased
activities in the market. Existing Trading system architecture will be revamped by using a
distributed processing concept. Towards this, the Exchange is conducting a special live trading
session on Saturday, April 28, 2012.
Market timings for special live trading session on Saturday, April 28, 2012 in Capital market
segment will be as follows:
Saturday, April 28, 2012  Time
Pre-open order entry open time 11:00 hrs
Pre-open order entry close time (with random closure in last one
minute)
11:08 hrs
Pre-open order Matching will start immediately after close of
pre-open order entry
Normal / Odd lot / Retail Debt Market Open 11:15 hrs
Normal / Odd lot / Retail Debt Market Close 12:45 hrs
Block Deal Session Open  11:15 hrs
Block Deal Session Close  11:50 hrs
Closing session start  12:55 hrs
Closing session end 13:05 hrs

Angel Broking - Tata Consultancy Services - RU4QFY2012 - Result Updates - PDF link

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Tata Consultancy Services - RU4QFY2012

Angel Broking - Persistent Systems - RU4QFY2012 - Result Updates - PDF link

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Persistent Systems - RU4QFY2012

Economy - S&P raises red flag : Edelweiss PDF link

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S&P has maintained India’s sovereign rating at BBB- but the outlook has been revised downward to ‘negative’. This action is based on factors that are already widely known. Importantly, at this stage it is just an outlook change and not a ratings downgrade. To that extent, it is more of a warning of increasing vulnerabilities of the country. Nonetheless, the action can impact INR in the near term, which is already under pressure and perhaps raise external borrowing costs for some of the corporate. However, the silver lining could be that this action could exert pressure on the government to act on fiscal front (possibly by raising the diesel prices etc) as well as on policy front.    

EdelFlash: Economy - S&P raises red flag

Regards,

Edelweiss Technical Reflection (ETR) :25 April

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Edelweiss Technical Reflection (ETR)

After the sharp fall on Monday, the markets experience a minor rebound with Nifty ending 0.42% higher at 5222. For the entire day, the index traded in a narrow range of 52 point, declining in the earlier part and recovering gradually thereafter. Interestingly, Nifty has taken support around 5180 for the fourth time making it a critical support level. Volumes jumped yesterday and the breadth continued to be tilt in favour of declines. Volatility, tracked by the India VIX dived down to 19.25 due to the range bound nature of trade. On the momentum front, oscillators have again whipsawed into sell, however the trajectory remains sideways, hence unable to provide any cues on market direction. On the whole, Nifty is expected to trade within the contracting range of 5180 and 5330 for the next few sessions. One has to be mindful of the pivot point of the 200 DMA of 5135 for the intermediate term.

     Most of the sectoral indices ended the day in the green and were led by gains in IT (+4.93%), Power (+0.53%) and Metals (+0.52%) shares. On the losing side were Cap Goods (-1.29%), Healthcare (-0.35%) and Banking (-0.26%) indexes. Mid-cap and Small-cap indices underperformed the frontline index with minor losses of 0.13% and 0.07% respectively.

Bullish Setups: MSIL, TTMT, GNP, COAL, RIL

Bearish Setups: DLF, IDEA, BHEL, BPCL, RCOM, JPA

Regards,

Edelweiss Research 

25 April: Stocks in News : Edelweiss

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Stocks in News

Diageo starts talks to buy into United Spirits (ET)

NTPC seek changes in Coal India fuel pact (ET)

GOM to meet today on pricing formula for essential drugs (ET)

CAG warns govt against validating RIL’s entire expense in KG-D6 (ET)

Sterlite –Sesa Goa merger gets CCI approval (ET)

Union, Corp  banks cut base rate (ET)

Sun, Dr Reddy’s launch Zyprexa in US (DNA)

ADB to lend $103 m to Reliance Power (DNA)

Wockhardt launches Stalevo in US (DNA)

SC extenda date to cancel telecom licences to Sept 7 (BS)

SBI to cut SME loans rates by 150-200 bps (BS)

Alstom- Bharat Forge power bags NTPC order (BS)

Market Summary - 25.04.2012 - Angel Broking -PDF link

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Market Summary

Derivatives Report - 25.04.2012 - Angel Broking -PDF link

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Derivatives Report

Technical Report - 25.04.2012 - Angel Broking -PDF link

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Technical Report

Market Outlook - 25.04.2012 - Angel Broking -PDF link

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Market Outlook

   

IPO Flash on Tribhovandas Bhimji Zaveri : ShareKhan PDF link

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Please find the IPO Flash on Tribhovandas Bhimji Zaveri dated April 20, 2012

.

---

Click here to read report: TBZ-IPO

FII DERIVATIVES STATISTICS FOR 25-Apr-2012

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FII DERIVATIVES STATISTICS FOR 25-Apr-2012
	BUY		SELL		OPEN INTEREST AT THE END OF THE DAY
	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores
INDEX FUTURES	234516	6022.63	248202	6337.46	542909	13745.77	-314.83
INDEX OPTIONS	894585	23177.73	880219	22808.62	1525699	39680.47	369.11
STOCK FUTURES	278642	7757.97	269791	7539.44	883008	24191.88	218.53
STOCK OPTIONS	17246	458.41	16497	440.59	41314	1146.46	17.82
						Total	290.63

 

-- 

25/4/12: Categories Turnover (BSE) (Rs. crore) Clients NRI Proprietary Trade Data

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Categories Turnover (BSE)

(Rs. crore)
	Clients			NRI			Proprietary
Trade Date	Buy	Sales	Net	Buy	Sales	Net	Buy	Sales	Net
25/4/12	1,347.69	1,303.95	43.73	0.81	0.22	0.58	522.68	539.78	-17.10
24/4/12	1,391.31	1,354.93	36.38	1.19	0.35	0.84	553.45	567.45	-14.00
23/4/12	1,357.34	1,275.54	81.80	2.27	0.20	2.07	457.01	536.20	-79.18
Apr , 12	23,544.52	23,337.91	206.61	23.09	8.04	15.05	8,427.93	8,493.37	-65.45
Since 1/1/12	142,418.31	144,064.07	-1,645.75	99.20	90.21	8.99	50,904.89	49,732.87	1,172.01

Disclaimer: The above figures (for the trading day April 24, 2012) do not include the data for the extended trading session on the occasion of Akshaya Tritiya. DII and FII turnover is consolidated information of BSE and NSE. BSE data is compiled on the basis of marking of 'client type' while executing orders on BOLT-TWS in equity segment. NSE Data has been compiled on the basis of trading codes entered by the trading members at the time of order entry and corresponding client category classification provided by the trading members as part of unique client code details upload. NRI - Non Resident Indians FII - Foreign Institutional Investors DII -Domestic Institutional Investors (Includes Bank, DFIs, Insurance, New Pension Scheme and MF).

25/4/12: DII trading activity on BSE and NSE on Capital Market Segment

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DII trading activity on BSE and NSE on Capital Market Segment.

DII trading activity on BSE and NSE on Capital Market Segment(In Rs.Crores) Category Date Buy Value Sale Value Net Value DII 25/4/12 911.18 870.48 40.70

DII trading data across BSE and NSE collated on the basis of trades executed today by Banks, DFIs,Insurance and MFs on BSE and NSE. This trade data is provisional and subject to change, inter-alia, on account of custodial confirmation process, modifications etc.

25/4/12: FII trading activity on BSE and NSE on Capital Market Segment

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FII trading activity on BSE and NSE on Capital Market Segment

FII trading activity on BSE and NSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sale Value	Net Value
FII	25/4/12	2,176.64	2,517.48	-340.84
Disclaimer: FII trading data across BSE and NSE collated on the basis of trades executed today by FIIs on BSE and NSE. This trade data is provisional and subject to change, inter-alia, on account of custodial confirmation process, modifications etc.

BSE, Bulk deals, 25/4/2012

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Deal Date	Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
25/4/2012	512161	8K Miles Software	BHAVINI VIJAYKUMAR SHAH	B	70001	50.00
25/4/2012	512161	8K Miles Software	RAVI PUKHRAJ SURANA	S	45000	50.00
25/4/2012	530901	ACIL	PRAGATI SHARES & STOCK SERVICES PRO.NARESH NAGINDAS SHAH	S	4180000	0.44
25/4/2012	590122	Ashika Credit Cap	SCOPE VYAPAR PRIVATE LIMITED	S	79000	78.00
25/4/2012	531194	Brahmaputra Infra	MUSKAN AGENCIES & TRADING PVT. LTD.	B	500000	51.00
25/4/2012	531194	Brahmaputra Infra	BRAHMAPUTRA FINLEASE PRIVATE LIMITED	S	500000	51.00
25/4/2012	530309	Chandra Prabhu-$	HEMLATA JAIN	B	19330	18.46
25/4/2012	531261	Concurrent India	FIRSTCALL INDIA EQUITY ADVISORS PRIVATE LIMITED	S	225000	5.51

NSE, Bulk deals, 25-Apr-2012

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Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
25-Apr-2012	FEDDERLOYD	Fedders Lloyds Corporatio	MACQUARIE BANK LIMITED	BUY	8,56,204	56.00	-
25-Apr-2012	FEDDERLOYD	Fedders Lloyds Corporatio	MORGAN STANLEY MAURITIUS COMPANY LTD	SELL	8,56,204	56.00	-
25-Apr-2012	HOTELRUGBY	Hotel Rugby Ltd.	JIVRAJBHAI KARSHANBHAI DAKHRA	BUY	1,00,000	12.20	-
25-Apr-2012	HOTELRUGBY	Hotel Rugby Ltd.	SURESHBHAI SHAMJIBHAI DAKHARA	BUY	1,00,000	12.20	-

Link your savings to a financial goal :: Business Line

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Deciding on your goal will help you choose appropriate investment avenues.

I am 32 years and am investing in the following funds in the form of SIPs for the long term.

In Franklin India Bluechip, Fidelity Equity and ICICI Pru Discovery, I invest Rs 2,000 each.

Also, in HDFC Midcap Opportunities, Birla Sun Life Dividend Yield Plus and Canara Robeco Infrastructure, I am investing Rs 1,000 each.

I don't need the funds for another 18 to 20 years. I have stopped my SIP with Fidelity Equity Fund with effect from next month. As I had a bad experience with L&T MF (which has taken over Fidelity), I don't want my SIP to be continued with them.

Additionally, I also want to invest Rs 3,000.

Where should I invest Rs 5,000 (Rs 2,000 from Fidelity Equity and the additional Rs 3,000)?

Please suggest changes, if any, needed in this portfolio to maximise returns with “Medium - High” risk.

Harish It is nice to note that you have given yourself a fairly long time horizon for investments and have also started early. But it is always a good idea to link savings to a financial goal.

An estimate of the desired corpus levels too, is welcome. These would help decide on the amount of saving required and the appropriate investment avenues.

You are investing Rs 9,000 currently. It may not be a good idea to spread this amount across too many funds, which is what you have done.

Though most funds in your portfolio have a sound track record, it can do with some rebalancing.

You can exit Canara Robeco Infrastructure, though it has a good performance history, sector funds can be risky and require market timing and close monitoring.

Since you have a couple of mid-cap funds, Birla Sun Life Dividend Yield Plus, which has a mid-cap bias, may increase the risk profile of your portfolio and also lead to duplication. The fund has a healthy track record, though.

So, with the Rs 9,000 that you currently have every month and the additional Rs 3,000, you can rebalance your portfolio as follows:

Invest Rs 4,000 each in Franklin India Bluechip and Quantum Long-term Equity, which will give you large-cap and multi-cap exposure, respectively. Continue investing Rs 2,000 in ICICI Pru Discovery and an equal amount in HDFC Mid-cap Opportunities.

Review the funds periodically to weed out underperformers and to rebalance to reflect your risk appetite.

***I invested Rs 70,000 in equity linked savings schemes (tax saving) in 2008. I have Rs 40,000 in Franklin Templeton's ELSS, and Rs 15,000 each in Birla and Tata tax saving funds.

Should I retain these ELSS funds till maturity or switch to any other funds?

I am 44 years old and willing to take high risk for high returns.

Bhanu Murty The question that you have asked is an open-ended one. You have just stated the names of the fund houses and not that of the schemes.

A fund house can have more than one tax saving fund, with varying track records.

For instance, while Franklin Templeton has only one tax-saving fund – Franklin India Tax Shield. Tata and Birla Sun Life have two such funds.

Unless you say which of these you have invested in, it would be very difficult to comment on the portfolio.

It is also not known if the investment in these ELSS funds is your only investment.

But a couple of suggestions can be given.

You have stated that you invested in these funds in 2008. These tax saving funds have a three year lock-in period.

So, going by what you have said, you are free to redeem them as and when you want.

Tax saving funds are primarily for that very purpose — tax saving. Additionally they generally provide returns that are better than all debt investments, provided there has been no major market turmoil.

As you have stated that you can take high risk for high return, you can consider shifting these funds to good diversified equity funds to achieve that purpose.

You can consider a blend of multi-cap and mid-cap funds, given your risk profile. HDFC Equity, UTI Opportunities, Quantum Long Term Equity and IDFC Premier Equity can be the options, if you do not hold any of these funds.

The first three are multi-cap funds which invest across market capitalisations while the last one is a mid-cap fund. Based on your risk appetite you can invest up to 20 per cent of your savings in the mid-cap fund. Use the SIP mode to invest every month.

You can expect 12-15 per cent in diversified funds over a five-year period and up to 20 per cent in mid-cap fund.

Even a high risk fund may not deliver high returns if the markets remain volatile for, say, three out of the five years you invest. Hence, it is best to keep return expectations moderate.