MARKET CAPITALISATION - NIFTY

06-9-02013

Company Name	Industry	Last Price	Change	%Chg	Mkt Cap (Rs cr)	Weight
ACC	Cement - Major	962.30	23.60	2.51	18,086.43	0.48
Ambuja Cements	Cement - Major	172.30	1.90	1.12	26,609.19	0.70
Asian Paints	Paints/Varnishes	425.10	19.50	4.81	40,775.50	1.08
Axis Bank	Banks - Private Sector	952.40	24.90	2.68	44,680.63	1.18
Bajaj Auto	Auto - 2 & 3 Wheelers	1,910.85	9.85	0.52	55,293.70	1.46
Bank of Baroda	Banks - Public Sector	487.50	-15.05	-2.99	20,597.86	0.54
Bharti Airtel	Telecommunications - Service	313.75	17.55	5.93	125,418.43	3.31
BHEL	Infrastructure - General	142.25	4.20	3.04	34,817.11	0.92
BPCL	Refineries	299.65	12.35	4.30	21,667.22	0.57
Cairn India	Oil Drilling And Exploration	332.30	-2.80	-0.84	63,478.82	1.67
Cipla	Pharmaceuticals	437.05	18.45	4.41	35,091.68	0.93
Coal India	Mining/Minerals	277.35	-6.05	-2.13	175,184.37	4.62
DLF	Construction & Contracting - Real Estate	137.90	0.05	0.04	24,552.64	0.65
Dr Reddys Labs	Pharmaceuticals	2,284.65	-9.45	-0.41	38,861.84	1.03
GAIL	Oil Drilling And Exploration	301.10	4.05	1.36	38,193.85	1.01
Grasim	Diversified	2,361.60	59.80	2.60	21,678.73	0.57
HCL Tech	Computers - Software	1,016.95	-2.95	-0.29	70,888.11	1.87
HDFC	Finance - Housing	760.85	10.45	1.39	118,365.15	3.12
HDFC Bank	Banks - Private Sector	616.20	6.70	1.10	147,293.46	3.89
Hero Motocorp	Auto - 2 & 3 Wheelers	1,930.25	-23.40	-1.20	38,544.68	1.02
Hindalco	Aluminium	107.90	-0.30	-0.28	20,663.59	0.55
HUL	Personal Care	617.60	-10.40	-1.66	133,558.03	3.52
ICICI Bank	Banks - Private Sector	958.40	64.70	7.24	110,631.43	2.92
IDFC	Finance - Term Lending Institutions	87.45	2.35	2.76	13,251.55	0.35
IndusInd Bank	Banks - Private Sector	413.25	15.75	3.96	21,659.09	0.57
Infosys	Computers - Software	3,029.05	24.25	0.81	173,939.01	4.59
ITC	Cigarettes	316.40	4.25	1.36	250,475.36	6.61
Jaiprakash Asso	Infrastructure - General	37.95	0.40	1.07	8,421.42	0.22
Jindal Steel	Steel - Sponge Iron	233.30	6.30	2.78	21,809.95	0.58
Kotak Mahindra	Banks - Private Sector	677.25	15.25	2.30	52,017.21	1.37
Larsen	Infrastructure - General	754.10	26.30	3.61	69,687.13	1.84
Lupin	Pharmaceuticals	839.30	-15.30	-1.79	37,599.38	0.99
Mah and Mah	Auto - Cars & Jeeps	769.45	-7.60	-0.98	47,389.84	1.25
Maruti Suzuki	Auto - Cars & Jeeps	1,288.40	-11.20	-0.86	38,919.99	1.03
NMDC	Mining/Minerals	121.15	-0.50	-0.41	48,032.53	1.27
NTPC	Power - Generation/Distribution	134.30	3.85	2.95	110,736.59	2.92
ONGC	Oil Drilling And Exploration	288.30	18.20	6.74	246,654.78	6.51
PNB	Banks - Public Sector	447.45	4.85	1.10	15,816.17	0.42
Power Grid Corp	Power - Generation/Distribution	98.95	2.75	2.86	45,811.13	1.21
Ranbaxy Labs	Pharmaceuticals	444.35	5.20	1.18	18,801.76	0.50
Reliance	Refineries	868.00	5.45	0.63	280,334.20	7.40
Reliance Infra	Power - Generation/Distribution	366.00	13.30	3.77	9,625.43	0.25
SBI	Banks - Public Sector	1,634.55	-3.60	-0.22	111,808.77	2.95
Sesa Goa	Mining/Minerals	175.50	-3.15	-1.76	52,030.04	1.37
Sun Pharma	Pharmaceuticals	528.55	9.95	1.92	109,471.37	2.89
Tata Motors	Auto - LCVs/HCVs	317.80	-0.30	-0.09	102,289.18	2.70
Tata Power	Power - Generation/Distribution	70.80	-1.75	-2.41	16,801.35	0.44
Tata Steel	Steel - Large	292.15	3.50	1.21	28,374.05	0.75
TCS	Computers - Software	1,988.80	-1.95	-0.10	389,252.11	10.27
UltraTechCement	Cement - Major	1,601.05	61.65	4.00	43,902.47	1.16

FII INVESTMENTS-INDIA- 1992-2013

Financial Year Equity Debt     Total

1992-93    13        0             13

1993-94 5,127 0          5,127

1994-95 4,796 0           4,796

1995-96 6,942 0           6,942

1996-97 8,546 29           8,575

1997-98 5,267 691          5,958

1998-99 -717 -867 -1,584

1999-00 9,670 453      10,122

2000-01 10,207 -273 9,933

2001-02 8,072 690         8,763

2002-03 2,527 162   2,689

2003-04 39,960 5,805 45,765

2004-05 44,123 1,759 45,881

2005-06 48,801 -7,334 41,467

2006-07 25,236 5,605 30,840

2007-08 53,404 12,775 66,179

2008-09 -47,706 1,895 -45,811

2009-10 110,221 32,438 142,658

2010-11 110,121 36,317 146,438

2011-12 43,738 49,988 93,726

2012-13*140,033   28,334 168,367

Total 628,377  168,467     796,844

* As on March 31, 2013  

http://www.sebi.gov.in/sebiweb/investment/statistics.jsp?s=fii

NIFTY & BANK NIFTY WEIGHTAGE ....

06-09-2013-BANK NIFTY CURRENT WEIGHTAGE

Company	CMP	Chg(%)	Weightage
HDFC Bank	616.20	1.1	26.34
St Bk of India	1,634.55	[0.2]	19.98
ICICI Bank	958.40	7.2	19.79
Kotak Mah. Bank	677.25	2.3	9.30
Axis Bank	952.40	2.7	8.00
IndusInd Bank	413.25	4.0	3.86
Bank of Baroda	487.50	[3.0]	3.70
Punjab Natl.Bank	447.45	1.1	2.82
Yes Bank	292.95	1.9	1.89
Canara Bank	204.45	[3.0]	1.63
Bank of India	145.25	[0.0]	1.54
Union Bank (I)	108.15	[2.3]	1.15

06-09-2013 NIFTY PRESENT WEIGHTAGE

Company	CMP	Chg(%)	Weightage
TCS	1,988.80	[0.1]	10.26
Reliance Inds.	868.00	0.6	7.40
ITC	316.40	1.4	6.61
O N G C	288.30	6.7	6.53
Coal India	277.35	[2.1]	4.62
Infosys	3,029.05	0.8	4.58
HDFC Bank	616.20	1.1	3.89
Hind. Unilever	617.60	[1.7]	3.52
Bharti Airtel	313.75	5.9	3.31
H D F C	760.85	1.4	3.13
St Bk of India	1,634.55	[0.2]	2.95
ICICI Bank	958.40	7.2	2.92
NTPC	134.30	3.0	2.92
Sun Pharma.Inds.	528.55	1.9	2.89
Tata Motors	317.80	[0.1]	2.70
HCL Technologies	1,016.95	[0.3]	1.87
Larsen & Toubro	754.10	3.6	1.84
Cairn India	332.30	[0.8]	1.67
Bajaj Auto	1,910.85	0.5	1.46
Sesa Goa	175.50	[1.8]	1.37
Kotak Mah. Bank	677.25	2.3	1.37
NMDC	121.15	[0.4]	1.27
M & M	769.45	[1.0]	1.25
Power Grid Corpn	98.95	2.9	1.21
Axis Bank	952.40	2.7	1.18
UltraTech Cem.	1,601.05	4.0	1.16
Asian Paints	425.10	4.8	1.07
Maruti Suzuki	1,288.40	[0.9]	1.03
Dr Reddy's Labs	2,284.65	[0.4]	1.03
Hero Motocorp	1,930.25	[1.2]	1.02
GAIL (India)	301.10	1.4	1.01
Lupin	839.30	[1.8]	0.99
Cipla	437.05	4.4	0.93
B H E L	142.25	3.0	0.91
Tata Steel	292.15	1.2	0.75
Ambuja Cem.	172.30	1.1	0.70
DLF	137.90	0.0	0.65
Jindal Steel	233.30	2.8	0.58
Grasim Inds	2,361.60	2.6	0.57
B P C L	299.65	4.3	0.57
IndusInd Bank	413.25	4.0	0.57
Bank of Baroda	487.50	[3.0]	0.55
Hindalco Inds.	107.90	[0.3]	0.55
Ranbaxy Labs.	444.35	1.2	0.50
ACC	962.30	2.5	0.48
Tata Power Co.	70.80	[2.4]	0.44
Punjab Natl.Bank	447.45	1.1	0.42
I D F C	87.45	2.8	0.35
Reliance Infra.	366.00	3.8	0.25
JP Associates	37.95	1.1	0.22

http://www.indiainfoline.com/MarketStatistics/Index-Movers/NSE-CNX-NIFTY

CAN NIFTY CROSS...5930 LEVEL...????

The Rajan effect or the fear of TIGHTER DAYs have gone and LIGHTER DAYs are ON---has changed the capital markets COLOUR in India.

There is no change in the ground reality but the HOPE has generated jubilant mood in the markets..may be the way the markets react is always SURPRISING…

In my personal opinion a collective GROUP will play the SONG and many dance to the TUNES….

Now the Nifty has not lost the BEAR hug but the immediate threat to breach 5300 and 5100 to touch 4800 is a distance dream. Either, the BULLS could see some light at the tunnel to cross the series of hurdles placed at 5775…5840---5930. 

The momentum indicators also generated hope to touch 6200 level  but the fundamentals fail to support such dreams. The new range set in due to change in guard at the RBI is 5900-5400. 

The Sep-13 results will bring new energy to markets, especially from IT side but the BANKing lot will help the BEARS. The SYRIA threat, Pre-Election offers may dampen the exuberance but new measures to liberalize and infuse FII &FDI dollar flows will help the markets to breath easier. The Telecom licensing auction will see some activity. The Tablet and mobile phone offers will definitely an added advantage to BSNL to revive its plan to go to IPO. The future of the telecom stocks is bright and the RIL-JIO will add flavour.

The ICICI rise is very interesting and the stock coul clear many hurdles in two days of rise from 760-960, it had a serious cut in the price from 1050 level to 950 level in July15-20. Now it could bounce to a better place in two days. The worst is not over to AXIS but the 40 lakh OI short covering helped the stock to gain from a low of 760 to 960. The HDFC bank worst is not over despite of the rise from 528 to 623 level.

The best Buying opportunity will emerge in metal stocks. The mining stock like SESAGOA will open good buying opportunity at 160 level and Tatasteel at 255-250 level. Both the counters will out-perform the market in near term and will see 100% rise in next one year and half. The surprising short build up has opened in RIL and M&M. The ONGC could see some short covering. 

FALLING NIFTY TARGETS......

How India went from Jolly January to Sober September

MEERA SIVA

BL RESEARCH BUREAU

September 7, 2013:Market gurus prune estimates for the index, profits and rupee
  Investors stepping into 2013 were greeted with optimistic forecasts from market gurus. But the mood has since gone rapidly downhill with the same people drastically pruning their forecasts for the Sensex, profit growth and rupee.From reports that wanted us to be “prepped for a rally” early in the year, we are now mournfully asked “How much worse can it get?” What triggered this change of mood? The analysts advance reasons ranging from the absence of interest rate cuts to capital outflows and the steep fall in the rupee.
Ridham Desai of Morgan Stanley trimmed his 12-month Sensex target to 18,300 this week, from 23,000 at the beginning of the year. In its report ‘Trimming Earnings and Index Target, again’, he says “earnings trajectory will weaken in the near term and the ensuing recovery is likely to slow”.Against the original estimate that corporate profits would grow 12 per cent, he now thinks they may decline six per cent this fiscal.
This week, Manishi Raychaudhuri, strategist for BNP Paribas Securities, cut the Sensex target for this year from 21,300 to 17,000. “What we had not anticipated was the extent and pace of rupee depreciation, which has not only raised the cost of capital but also portends sharper earnings cuts than we had foreseen,” he laments.
He says that while sectors that benefit from a falling rupee make up a fourth of the Sensex, those that lose due to it make up 30-35 per cent. As a result, original estimates that Sensex company profits would grow by 13-14 per cent now seem ‘incongruous’.He points out that sales growth has been low for 15 quarters, margins have been flat and Sensex profit growth has been only 1.4 per cent.Bank of America-Merrill Lynch now thinks that a Sensex target of 16,000 is reasonable for the year. Recently, it cut its Sensex earnings estimates for the current fiscal to Rs 1,260, down from Rs 1,305.
Most forecasters cited concerns such as the sluggish economy, sharp capital outflows, rupee depreciation and high cost of capital, for their drastic downgrades.
Bank of America’s ‘India: How bad can things get?’ feared the rupee may not stabilise even at 63-69 but could slide further to 75, if there were any rate hikes. Nomura Securities revised its 2013-14 GDP growth estimates down to 5 per cent, from 5.6 per cent in its ‘India Turbulent Times Ahead’ report in September.That’s why most brokers have not just reduced their profit growth estimates, but also pruned the price-earnings multiple they expect for the Indian market.They now believe India will enjoy much less global fancy than before.
These sentiments are a striking contrast from January when many market players were in a buoyant mood.In January, ICICI Securities’ report ‘Year of consolidation’ assigned a Nifty target of 6,550 for the year. It said, “Some revival in growth, interest rate cut on the back of likely lower inflation and more reform announcements drive the optimism.”BNP Paribas, estimating that profits for Sensex companies would grow by around 12 per cent, said, “Strong earnings growth delivered by autos, consumer staples and healthcare will largely come on the back of margin improvements.”
The optimism then came from the view that India’s slowdown had bottomed out, interest rates would decline through the year and that food, manufacturing and wage inflation would ease. The US and China were also expected to recover.While the latter has played out perfectly, it is the India story that didn’t play out according to script.
meera.siva@thehindu.co.in
(This article was published on September 7, 2013)

http://www.thehindubusinessline.com/markets/how-india-went-from-jolly-january-to-sober-september/article5104517.ece?homepage=true

GOVT. PAID NO SALARIES.....

Sreelatha Menon  |  New Delhi  September 7, 2013 Last Updated at 22:48 ISTSreelatha Menon: The bankruptcy of MGNREGSUttar Pradesh hasn't paid salaries of administrative personnel under the scheme for about two yearsA few month ago, when Samajwadi Party leader Mulayam Singh Yadav told Parliament the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) should be scrapped, he was expressing desperation at the state's failure to implement a scheme aimed at helping the poor in rural areas.
Probably, he was also thinking of the fact that the scheme was virtually bankrupt in his state---not only had it failed to pay wages to workers on time, it had also been hauled up in court for not paying the salaries of administrative staff hired under the scheme.
A fortnight ago, the Lucknow High Court had asked the state government to pay the salaries of about 40,000 personnel, including gram rozgar sewaks, technical assistants and computer assistants, whose wages were pending for eight months to two years, across districts. The state said the funds meant for salaries had been spent by district administrations for other purposes.
Thousands of these workers whose salaries are pending are set to protest in Delhi. Raghunath Patel, president of the Uttar Pradesh Technical Association of MGNREGS and a junior engineer employed under the scheme in Banda district, says he hasn't been paid for a year. Junior engineers in Gonda, Pratapgarh and Varanasi, where workers have gone to court against the state, haven't been paid for two years. The district administration had admitted the money meant for these salaries was used for its fuel expenses, said Patel. Salaries are paid out of the six per cent administrative costs allowed under MGNREGS. Since the total allocation for the scheme in the state had halved from Rs 5,000 crore in the past year, the administrative cost allocation had also been cut to half, said Sanjay Dixit, a Congress leader from the state and former member of the Central Employment Guarantee Council. Also, the Centre has cut the administrative cost allocation from six per cent to five per cent, setting one per cent aside for audit costs.
Mulayam Singh Yadav's demand to scrap the scheme is based on his conclusion that the scheme is the root of corruption in the state and that district officials are making off with money meant for the poor. As the former chief minister's statement comes at a time when his own party is in power and his son is the chief minister, there is a desperate need of a review of the working of the scheme under the Mahatma Gandhi National Rural Employment Guarantee Act, which promises 100 days of wage employment to the rural poor.
The workers hired to run MGNREGS are not just denied salaries, they are also paid below-minimum wages. While a junior engineer such as Patel gets Rs 8,000 a month, Madhya Pradesh pays Rs 21,000, Rajasthan pays Rs 12,000 and Bihar pays Rs 11,000 a month to technical assistants. While Uttar Pradesh pays gram rozgar sewaks Rs 3,500 a month, Bihar pays Rs 5,000 and Madhya Pradesh Rs 8,000. K S Gopal, social scientist and an MGNREGS activist based in Andhra Pradesh, says the problem is a shortage of funds in states. This forces states to provide less work, which reduces the funds further. Therefore, the percentage of funds allowed for administrative costs comes down, and salaries aren't paid, he says.
Whether the scheme should continue in its current form, as a central top-down model, is a question that needs to be looked into; Mulayam Singh Yadav's cry of desperation deserves attention. Rural Development Minister Jairam Ramesh's response to this was Uttar Pradesh Chief Minister Akhilesh Yadav had often written to him, seeking funds for the scheme; this showed the chief minister didn't agree with his father.
However, the fact that a state has to write to a central minister for funds often is another measure of the same desperation.
According to a study by a parliamentary standing committee, MGNREGS has fared the worst in states such as Bihar, West Bengal and Uttar Pradesh, with Uttar Pradesh's average workdays a household standing at a dismal 26. If the scheme can't help the poor, it either needs urgent reform, as the committee suggested, or should be wound up, as proposed by Yadav.http://www.business-standard.com/article/opinion/the-bankruptcy-of-mgnregs-113090700806_1.html

STOCK MARKETS RESILIENCE ......!!!!

T N Ninan  |  New Delhi  September 6, 2013 Last Updated at 22:50 IST
T N Ninan: The Great Market Non-Crash
It is other financial sectors that need attentionWhile people fret about the fall in stock prices, the reality seems strangely disconnected when viewed at a slight distance from immediate events. In early 2011, when the quarterly economic growth rates began sliding from 9.2 per cent to eight per cent and then lower, the Sensex was at 20,500. Today, more than two-and-a-half years later, the quarterly growth rate has averaged a miserable 4.6 per cent for the last three quarters. But the Sensex is at 19,270 - barely six per cent lower than what it was at the start of 2011. By any normal yardstick, that would suggest market resilience. Indeed, the price-earnings ratio on the Indian market is now within five per cent of its 10-year average, lower than in Indonesia, about the same as in Thailand and Malaysia, and significantly better than in China. So, contrary to what the headlines might make you think, the market is holding up pretty well in the face of a lot of bad news.
What about the foreign institutional investors (FIIs)? Well, what about them? They pumped $71 billion into India's stock market in the four-year period 2009-2012, and a further $15 billion till May this year. Since then, over three months, they have pulled out all of $3.8 billion. That may be a worrying change of direction when the country needs dollars to keep flowing in, but it is not by any means a flight of capital. Just as we have not seen a real crash that matches the crash in economic growth rates, we have not really seen capital flight. It would seem that people have not yet given up on the India story, or more money would have gone out by now. The debt market, driven by simpler dynamics, has seen $9 billion go out, but that is a different story.
The stock market gets disproportionate attention because the human eye tends to focus on what moves, compared to what is stationary. Since stock prices move up and down every day, excited commentary matches the bustle even though it often signifies very little. So, while the market is important in many ways, it is useful to remember that the market attracts only one per cent of annual household savings. In comparison, just under a half of individual savings goes into bank accounts. About a quarter goes into life insurance. Something like one-tenth goes into a long-term savings option like the provident fund. As for "non-financial" savings, money has gone substantially into real estate and recently into gold. For most people, the stock market is someone else's playground.
It makes sense then to focus on the sectors where the money really goes. The new pension law will help put more money into long-term savings. Then, bank deposits have been seeing slower growth even as the money going into gold has trebled from one per cent of GDP to three per cent. One result is that, over the past three years (till end-August), fresh loans have equalled 90 per cent of new deposits. That is an unsustainable ratio when the Reserve Bank of India's reserve requirements should leave banks with no more than 73 per cent of new deposits for giving out as new loans. Conclusion: the demand for fresh credit is outstripping the inflow of deposits that can be lent out. But if you want more bank deposits, you have to do something about the money going into gold. If people prefer gold to bank deposits, blame sustained fiscal profligacy that has eroded faith in the value of the currency. Control government borrowings, and many things (including currency value and interest rates) will fall into place.http://www.business-standard.com/article/opinion/t-n-ninan-the-great-market-non-crash-113090601126_1.html