RBI's annual report: Key highlights:: Edelweiss

Financial savings: Lowest in 23 years

·         Overall drop in household savings possibly reflecting slower income growth without corresponding drop in consumption.

·         Besides, there could also be likely shift in HH savings from financial to physical, partly due to regulatory changes in MF & Insurance industry and poor financial market conditions

·         In the coming year, declining consumption growth and relatively lower inflation (compared to previous years) should mean that household savings rate should stabalise around current levels.

·         However, one can see a shift back to financial savings from physical saving as the deposits would remain attractive at elevated interest rates and physical assets like housing may not be as attractive.

RBI on why inflation needs to be brought down to 5%

NSE, Bulk deals, 29-Aug-2012

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
29-Aug-2012	GEMINI	Gemini Communication Limi	CSA HOLDINGS PVT LTD	BUY	9,66,857	9.96	-
29-Aug-2012	GEMINI	Gemini Communication Limi	CSA HOLDINGS PVT LTD	SELL	15,01,857	10.40	-
29-Aug-2012	GEMINI	Gemini Communication Limi	EPOCH SYNTHETICS PVT LTD	BUY	500	9.05	-
29-Aug-2012	GEMINI	Gemini Communication Limi	EPOCH SYNTHETICS PVT LTD	SELL	6,12,057	9.97	-
29-Aug-2012	GEMINI	Gemini Communication Limi	SMARNIYA PROPERTIES PVT LTD	BUY	10,00,000	10.39	-
29-Aug-2012	GEMINI	Gemini Communication Limi	VINA VIREN AHUJA	BUY	5,35,000	10.40	-
29-Aug-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	BUY	46,87,373	8.37	-
29-Aug-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	SELL	46,54,169	8.39	-
29-Aug-2012	KNRCON	KNR Constructions Limited	AVALOKITESHVAR VALINV LIMITED	BUY	1,40,818	124.51	-
29-Aug-2012	VENUSREM	Venus Remedies Limited	MULTIPLEX CAPITAL LTD.	BUY	58,727	246.86	-
29-Aug-2012	VENUSREM	Venus Remedies Limited	MULTIPLEX CAPITAL LTD.	SELL	58,727	245.72	-

FII DERIVATIVES STATISTICS FOR 29-Aug-2012

FII DERIVATIVES STATISTICS FOR 29-Aug-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	187842	4977.50	189883	4984.31	755824	19173.47	-6.81
INDEX OPTIONS	601275	15954.04	630011	16725.70	2050042	54128.71	-771.66
STOCK FUTURES	229850	5910.09	246401	6489.44	1046044	27073.85	-579.35
STOCK OPTIONS	32421	872.65	32247	878.96	75650	2042.94	-6.31
						Total	-1364.13

-- 

FII & DII trading activity across NSE and BSE 29-08-2012

	Buy	Sell	Net
	Value	Value	Value
FII	2044.28	1900.98	143.3
DII	850.84	1090.64	-239.8

-- 

BSE, Bulk deals, 29/8/2012

Deal Date	Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
29/8/2012	524412	Aarey Drugs	DEEPIKA JASMIN SHAH	B	142004	39.78
29/8/2012	524412	Aarey Drugs	AJITKUMAR JOGENDARPRASAD SINGH	B	125000	39.05
29/8/2012	524412	Aarey Drugs	DEEPIKA JASMIN SHAH	S	108582	39.14
29/8/2012	524412	Aarey Drugs	VISIONSTAR	S	100000	39.80
29/8/2012	590114	Arunjyoti Enterprises	SURISETTY LAKSHMI NEELIMA	B	30200	14.47
29/8/2012	590114	Arunjyoti Enterprises	SURISETTY LAKSHMI NEELIMA	S	30200	14.74
29/8/2012	531458	BOSTON BIO	SVS SECURITIES PVT LTD	B	60000	3.60
29/8/2012	502820	DCM	SUN FINLEASE (GUJARAT) LIMITED	B	125000	141.40
29/8/2012	502820	DCM	MERIT CREDIT COPRATION	B	133169	141.40
29/8/2012	526598	Gujarat Narm Fly	BABITA AGARWAL	S	39200	38.20
29/8/2012	504786	Investment & Prec	PIYUSH INDULAL TAMBOLI	B	25000	50.67
29/8/2012	531855	Prabhav Inds	NARENDRA RANGA	B	240000	2.87
29/8/2012	515127	Rammaica India	OM HARI HALAN	B	50000	21.28
29/8/2012	515127	Rammaica India	AJAY KUMAR MAHABIR PRASAD HALAN	B	50000	21.28
29/8/2012	515127	Rammaica India	KYNER TRADING PRIVATE LIMITED	S	99800	21.28
29/8/2012	500361	RAS Pro Lamipack	HINDUJA FINACE PRIVATE LTD	B	199600	4.40
29/8/2012	500361	RAS Pro Lamipack	INVEST INDIA MAURITIUS LTD	S	199600	4.40
29/8/2012	523025	Safari Inds	CENTRAL PARK SECURITIES HOLDING PRIVATE LIMITED	B	30000	170.00
29/8/2012	523025	Safari Inds	AMUL SUMATI CHANDRA MEHTA	S	30000	170.00
29/8/2012	511433	SDFC Finance	STARDOM TRADING COMPANY PVT LTD	B	53399	19.49
29/8/2012	530219	SHREEYASH	PANKAJ GANESH JAISWAL	B	30000	15.60
29/8/2012	519586	SMILAX	ARCHANA NAVANDER	B	68095	17.18
29/8/2012	524470	Syncom Form-$	PARADISE VYAPAAR PRIVATE LIMITED	B	150000	57.65
29/8/2012	524470	Syncom Form-$	ANKUR VIJAY BANKDA	S	150000	57.65
29/8/2012	526441	Vision Tech	VIJAYKUMAR BANDULAL BHANDARI	B	150000	8.80
29/8/2012	526441	Vision Tech	SRINIVAS KARROTHI	S	240701	8.80
29/8/2012	512345	Yash Trading	BCB FINANCE LIMITED	B	5400	211.70
29/8/2012	522209	Yogi Sungwon	RT SUPER TECHNOLOGIES PRIVATE LIMITED	S	116753	17.20
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price

Real Estate - Seasonally soft quarter; sector update: Edelweiss PDF link

Q1FY13 was a seasonally soft quarter. All operating metrics (revenues/volumes/margins) declined sequentially while exhibiting relatively a stable YoY performance. We expect volumes to remain weak in Q2FY13 with a pick-up seen in mid-Q3FY13. We maintain our overweight stance (upgraded on Feb 27, 2012) on (1) focus on execution and debt reduction, (2) a below par exposure of banks to retail credit and (3) a declining bank credit to the sector as a whole. While there is a pick-up in approvals, the overall pace remains tardy and overall debt remains high. Hence we prefer developers who are able to launch new projects and monetize assets to bring down debt. Our top picks in the space are DLF and JPIN.

Tools to manage your MF portfolio : Business Line

From statements to portfolio snapshots, investors can get all the information in a few clicks.

Mutual funds ask investors to provide vital contact details such as e-mail ID and mobile numbers to be able to send timely alerts and other useful information. Application forms contain fields for filling these critical contact details which investors may not always fill as they are not mandatory.

A number of special features and facilities are available to investors who provide these contact details.

Many funds send advance e-mail alerts for mandated transactions such as SIP, which serve as a reminder and to ensure availability of funds.

Post-transactions confirmations by e-mail serve both as a confirmation of transaction initiated by the investor and also as an alert if there has been an activity in the account.

Credible India - A Must Read: Forbes

An Article by Sundeep Waslekar 

http://forbesindia.com/article/independence-special-2012/credible-india/33618/1

Shree Cement: Margins surprise; upgrade to Buy :Centrum

Margins surprise; upgrade to Buy
Shree Cement’s Q5FY12 result was significantly above our and Bloomberg’s
consensus estimates with EBITDA at Rs4.8bn (vs. est. Rs3.7bn) and EBITDA
margin at 33.1% (vs. est. 25.7%). Higher operating profit of the company was
primarily due to higher sales volume of 3.37mt (vs. est. 3.11mt) and
realization of Rs3,805/tonne (vs. est. Rs3,727/tonne). Higher EBITDA coupled
with lower depreciation (Rs818mn vs. est. Rs1,737mn) and tax rate (8.3% vs.
est. 20%) resulted in profits of Rs3.5bn, significantly above our estimate of
Rs1.4bn. We believe that better realization in its key markets would result in
improvement in profits going forward and hence, we have revised our profit
estimates upwards by 29.1%/32.5% to Rs187.2/Rs264.3 for FY13E/FY14E
respectively. RoE and RoCE of the company are expected to be at 26.4% and
18.5% in FY14E against 13.5% and 4.2% in FY11 respectively. We expect the
company to generate free cash flow of Rs36.9bn over FY11-FY15E and net D/E
is expected to improve to -0.55x in FY14E against 0.18x in FY11. The company
will also benefit from its capacity expansion of 1.8mt in Ras, Rajasthan and
grinding unit of 1.5mt in Bihar (this will provide better access to East
markets). We have revised our rating on the stock to Buy (from Neutral) with a
price target of Rs4,049 (earlier: Rs2,924), upside of 20.1% from its CMP.

Media - TRAI tweaks ad norms:: Edelweiss

TRAI, in its latest amendment to the proposed regulations on duration of ads on TV channels, has relaxed a few rules while it has made some adverse changes as well. In a reprieve to broadcasters, particularly movie channels, the regulator has deleted the prior regulation which mandated a minimum gap of 15 minutes between two ad sessions (earlier mandate of 30 minutes gap for movie channels). However, compared to the earlier draft, TRAI has hardened its stance on sports broadcasters in particular by stipulating that they stick to the 12 minutes cap as well. All broadcasters will have to submit details of ads carried to TRAI on a quarterly basis from January 2013. Comments from stakeholders on amended regulations will be accepted till September 11. Though we believe that eventually these regulations will be exercised in some form, their timing is ambiguous.

Tax Talk , Advice- practising chartered accountant : Business Line

My employer has issued Form 16 wherein only salary details are mentioned and income from other sources such as interest is not shown. Therefore I am not in a position to fill Schedule TDS 2 of ITR 1( page 2 ).

Income from other sources related to interest on monthly income scheme and postal authorities has not recovered tax at source.

But my employer has recovered sufficient amount as tax from my salary and remitted to government account and advised me to claim refund from tax authorities.

Kindly let me know, am I in order of not filling Schedule TDS 2 column of ITR at the time of submission of Income Tax returns.

— A.G Sreekumar

Prime Focus Ltd: Traction in 3D and CLEAR to provide significant growth opportunities: BP Wealth

Company Overview
Prime Focus Ltd (PFL) is a global visual entertainment services company providing end-to-end services
ranging from visual effects (VFX), 3D conversion and complete post-production services to a world wide
clientele and has worked in 10 of the world’s top 30 blockbusters movies in the past three years. Over the
years, it has successfully acquired companies in the UK and North America, turned them around and
consolidated its position in the global market. It has operations in North America, UK and India and has
built a ‘state-of-the-art’ facility at Royal Palms, Mumbai, and Chandigarh with 3,000+ seats to convert
existing 2D films to stereoscopic 3D format. It has 15 global facilities with total employee base of 4,500.

Edelweiss Technical Reflection (ETR) - August 29, 2012-EDEL

Edelweiss Technical Reflection (ETR)

Indian markets continued to weaken for the third consecutive session breaking below the multiple swing support at 5345, however managing to hold above the short-term 20-day MA support of 5320. While the intraday range for the Nifty was ~47 points, the broader markets are witnessing sharp selling activity as the market breadth deteriorated to an A/D ratio of 1:3. Volumes were on the higher side as we approach the derivatives settlement day. With all daily momentum oscillators rolling down, Nifty is likely to be under pressure in the immediate short-term and may well test the 5300 level. On the upside, any moves to 5360/5380 are likely to find stiff selling. We expect Nifty to drop down to the ‘bullish gap’ area of 5220-5260 (i.e. also the 50-day EMA) on sustained selling pressure below 5350 and recommend buying downside protection via put options.


Yesterday’s session witnessed strong selling high beta Metals (-2.44%), Cap Goods (-1.66%) and Banking (-0.97%) sectors; whereas defensive buying was seen in IT (+0.92%), FMCG (+0.70%) and Power (+0.57%) indexes. Weakness continues to persist in the broader market Mid-cap and Small-cap indices with losses of 1% and 1.4% respectively.


Bullish Setups: INFO, TCS, HUVR, ITC, RBXY, PLNG, DRRD
Bearish Setups: CNXBANK, HDIL, HNDL, ONGC, JPA, STLT

Take the right route to trading in forex : Business Line

With many risks involved in overseas currency trade, resident Indians who want to benefit from forex movements should trade in the exchange traded currency derivatives available in the country.

The introduction of currency derivatives on regulated exchanges four years back opened up a new asset class to Indians.

But beyond the realm of the country’s regulatory landscape, an Internet-based overseas foreign exchange trading market also seems to be thriving. It offers more choices and bigger bets. However, trading on it is illegal for Indians and carries high risks.

Arshiya International: On Fast Track; Growth Triggers Abound :: Karvy

On Fast Track; Growth Triggers Abound
Arshiya International (ARST) Q1FY13 consolidated PAT grew 47% YoY
(+13% QoQ) to Rs346bn (10% ahead of our estimates). Revenues grew 54%
YoY (+9% QoQ) to Rs3.4bn driven by strong growth across all three
business segments. Rise in high margin FTWZ business and better asset
utilization across all the verticals boosted EBITDA growth to 72% YoY
(10% ahead our est) and 15% QoQ. However, PAT growth got moderated
on account of high capital charges on capacity commissioning and capex
related debt levels.

Stocks in News- August 29, 2012-EDEL

 Stocks in News

TechM in talks to buy Bharti arm Comviva; deal likely at around INR 7.5-bn (ET)
Sesa Goa asked to stop Ops at Coke Oven unit in Goa (ET)
AB Group`s living media stake buy gets CCI nod (ET)
JSW Steel cancels $275mn overseas borrowing plan (ET)
Divi’s denies rumours of accounting irregularities (ET)
US FDA lifts ban on Sun Pharma’s subsidiary Caraco (ET)
Morgan Stanley enters race to buy DLF’s wind power biz (ET)
Sebi lets IDR holders convert 25% into equity (ET)
Bank of India revises rates for Fixed deposits (ET)
CIC energy shareholders clear sale to JSPL for INR 6-bn (ET)
CAG raps ONGC for slow exploration, development (DNA)
Court says Telenor 2G bid only with Uninor (DNA)
Glenmark bags 25% share of Singular mkt in US (DNA)

Sales Traders Commentary- August 29, 2012-EDEL

Sales Traders Commentary

On Tuesday, Indian markets closed lower on weak European markets. Both Sensex and Nifty dipped marginally by 0.2% each. Metal stocks plunged the most followed by capital goods, auto and banking while IT and FMCG gained.
The Sensex closed at 17631, down 47 points whereas the Nifty slipped 16 points to end the day at 5335.
Major gainers were Tata Consultancy Services (2.24%), Sun Pharmaceutical Industries (1.69%), Tata Power Company (1.55%), Dr Reddy`S Laboratories (1.53%), NTPC (1.48%), and I T C (1.02%).
Major losers were Sterlite Industries (India) (5.36%), Jindal Steel & Power (4.88%), Hindalco Industries (3.09%), Larsen & Toubro (2.53%), Oil & Natural Gas Corporation (1.91%), and Tata Steel (1.84%)
The IT index was up by 0.92%. Major gainers were Tata Consultancy Services (2.24%), Hexaware Technologies (1.46%), CORE Education and Technologies (1.07%), Wipro (0.69%) and Infosys (0.53%).
The Metal index was down by 2.44%. Major losers were Jindal Steel & Power (4.88%), Hindustan Zinc (4.02%), Hindalco Industries (3.09%), Coal India (1.69%) and Bhushan Steel (0.82%).
The Capital Goods index slipped by 1.66%. Major losers were Alstom India (2.14%), Crompton Greaves (1.89%), Havells India (1.39%), Bharat Heavy Electricals (0.91%) and A B B (0.47%).
Major losers in the mid – cap space were Alok Industries (18.24%), Allcargo Logistics (2.93%), Alstom India (2.14%), Aban Offshore (1.64%) and A B G Shipyard (1.37%).
Major losers among small - cap were A2Z Maintenance & Engineering Services (9.67%), Aanjaneya Lifecare (4.52%), A B G Infralogistics (3.86%), Trident (0.56%) and Aarti Industries (0.42%).
Globally, Asia ended on a mixed note while Europe indices were trading in the red

Query: Lanco Infratech, Deccan Chronicle, SKF India, SRF, Thinksoft, Globus Spirits, Videocon, : Business Line : Business Line

Glenmark Pharmaceuticals:Napo arbitration in favor of Glenmark : Reliance Sec

Napo arbitration in favor of Glenmark
Key points
 Event: Glenmark has received a favorable ruling regarding anti-diarrhea drug
Crofelemer against Napo Pharma (arbitration filed in December 2011) by an
international arbitrator. It has received exclusive rights to develop, commercialize
and distribute Crofelemer in 140 emerging countries for the treatment of diarrheal
diseases. The arbitrator has also ruled that Glenmark has 2 years to file for
regulatory approvals in 140 countries post the approval of Crofelemer in India.

29 Aug: Morning News (click on link to read article) : IFCI Financial Services Limited

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Tech Mahindra in talks to buy Bharti arm Comviva Ø  Maruti Suzuki bets big on diesel cars to increase market share Ø  Spanish recession darkens as country mulls bailout Ø  HPCL hikes CNG prices by Rs 3.90 a kg in Ahmedabad Ø  New rules unlikely to mention use of surplus coal Ø  Tata Steel acquires majority stake in Tata Sponge Iron		Ø  RBI says India's import cover reserves may fall further Ø  GMR on divestment drive Ø  Rupee gains slightly, GDP data key to outlook Ø  Total market turnover on Aug 28 at Rs 2.35 lakh crore Ø  Oil steady below $113, Isaac stokes supply worries Ø  Sun Pharma's Caraco gets USFDA nod to resume drug production
Business Line		Mint
Ø  Onam offer from HDFC Bank Ø  Production begins at JSPL’s Angul mill Ø  JSW Steel shelves plan to raise $275 m via ECB Ø  Chidambaram for review of Direct Taxes Code Ø  New contract in Guar after assessment of new crop: FMC Ø  MSat ties up with IFS for marketing applications software		Ø  ‘MRPL buys Oman oil to replace Iranian crude’ Ø  Land Acquisition Bill referred to GoM Ø  Govt to announce steps to boost investor confidence, exports Ø  Govt orders Sesa Goa to shut coke unit on pollution Ø  Tyre firms’ margins under pressure Ø  Govt approves Jet, Lufthansa strategic alliance
Financial Express		Financial Chronicle
Ø  'Sebi to penalise audit firms' Ø  Sesa Goa told to stop coke oven ops Ø  Birla's stake in Living Media approved Ø  CAG pulls up ONGC for being tardy Ø  Failed IPOs: 'Brokers to get commission'		Ø  Chidambaram urges officials not to hound taxpayers Ø  Telcos can save Rs 80,000 cr by using renewable fuel source Ø  NMDC seeks shareholders' nod for clause enabling Ø  Sebi allows partial flexibility for IDR investors

(Click on link to view article)

Thanks and Regards

IFIN: IFCI Financial Services Limited