May 11, 2015 to May 15, 2015
Contents
 Index Views
 SENSEX Index Movers
 BSE 200 Index Movers
 FII and MF Data
 SENSEX Movement
 Key Developments – India
 Key Developments – International
Mutual Fund investments are subject to market risks, read all scheme
related documents carefully.
2
May 11, 2015 to May 15, 2015
Index Views
NIFTY
Last
Closing
% Change Over
1 week
1 month
YTD
1 year
8,262
0.86
(5.58)
(0.25)
15.99
SENSEX
27,324
0.81
(5.12)
(0.64)
14.30
NSE MIDCAP
12,972
3.53
(4.37)
3.08
39.54
6,827
1.46
(5.50)
0.79
22.34
NIFTY JUNIOR
19,696
4.10
(3.15)
5.45
35.58
BSE SMALLCAP
11,041
1.96
(7.23)
(1.04)
39.22
3,466
1.47
(5.33)
1.10
21.24
18,252
0.34
0.77
2.41
10.98
5,051
0.94
0.79
6.65
24.12
NIKKEI
19,733
1.83
(0.69)
13.08
38.01
HANG SENG
27,822
0.89
0.74
17.87
22.40
SHANGHAI COMP
4,309
2.44
5.50
33.20
112.78
BSE OIL & GAS
9,321
0.87
(4.45)
(5.80)
(13.07)
BSE CAPITAL GOODS
16,220
0.17
(8.91)
5.03
24.09
BSE AUTO
19,077
3.85
(1.61)
2.40
35.24
BSE FMCG
7,792
0.54
(6.89)
1.14
12.89
16,538
1.92
(8.83)
12.80
58.26
5,880
(0.10)
(7.58)
0.65
19.28
BSE IT
10,578
(0.01)
(8.03)
(0.29)
19.82
BSE BANK
20,914
2.57
(2.96)
(2.54)
28.47
BSE PSU
7,615
2.30
(4.62)
(7.43)
4.09
BSE REALTY
1,541
(3.03)
(12.38)
(0.90)
1.71
BSE METALS
9,884
(0.69)
(1.55)
(8.08)
(8.50)
10,177
2.18
(7.64)
5.20
34.76
NSE 500
BSE 200
*DOW JONES
*NASDAQ
BSE HEALTHCARE
BSE TECH
BSE CONSUMER DURABLES
SOURCE : BLOOMBERG
* DENOTES THURSDAY CLOSE
3
May 11, 2015 to May 15, 2015
SENSEX Index Movers
Last
Price
% Change Over
1 week
1 month
YTD
1 year
Hero MotoCorp Ltd
2,528
9.86
0.18
(18.53)
3.57
State Bank of India
287
9.76
(0.91)
(7.86)
26.08
1,243
5.24
2.79
0.71
12.70
684
4.64
(1.38)
9.30
71.84
3,492
4.25
(6.98)
7.60
40.67
Hindalco Industries Ltd
137
(1.40)
1.11
(13.09)
(0.98)
Reliance Industries Ltd
874
(1.79)
(5.39)
(1.93)
(17.02)
Sesa Sterlite Ltd
210
(3.76)
1.35
(1.91)
8.56
NTPC Ltd
136
(4.15)
(11.99)
(5.52)
5.34
Hindustan Unilever Ltd
845
(5.53)
(9.57)
11.28
43.65
Mahindra & Mahindra Ltd
Cipla Ltd/India
Dr Reddy's Laboratories Ltd
SOURCE : BLOOMBERG
BSE 200 Index Movers
Union Bank of India
Last
Price
% Change Over
1 week
1 month
YTD
1 year
165
22.98
(0.57)
(31.15)
(3.85)
1,748
22.17
12.04
27.06
53.19
Eicher Motors Ltd
18,707
18.48
17.94
23.86
193.88
Shree Cement Ltd
11,874
16.91
12.94
26.16
96.80
Gujarat Gas Co Ltd
829
16.40
11.57
8.43
110.21
Just Dial Ltd
1,071
(4.49)
(14.49)
(20.82)
(5.07)
Lupin Ltd
1,684
(4.92)
(13.53)
17.96
76.61
Hindustan Unilever Ltd
845
(5.53)
(9.57)
11.28
43.65
DLF Ltd
Housing Development & Infrastructure
Ltd
125
(6.13)
(18.77)
(8.97)
(21.97)
108
(10.14)
(20.22)
57.80
34.21
Jubilant Foodworks Ltd
SOURCE : BLOOMBERG
4
May 11, 2015 to May 15, 2015
FII and MF Data (Week Ended 15.05.2015)
Rs. Crores
FII GROSS PUR
22,969.20
FII GROSS SELL
25,715.50
FII NET
(2,746.30)
FII MONTH T0 DATE NET
(7,987.64)
MF GROSS PUR
3,927.70
MF GROSS SELL
3,050.70
MF NET
877.00
MF MONTH T0 DATE NET
1,975.70
SOURCE : SEBI
SENSEX WEEKLY
27500
27,507
27400
SENSEX LEVEL
27,324
27300
27,251
27200
27,206
27100
27000
26900
26,877
26800
5/11/2015
SOURCE : BLOOMBERG
5/12/2015
5/13/2015
DATE
5/14/2015
5/15/2015
5
May 11, 2015 to May 15, 2015
Key Developments
India:

Indian stocks advanced, with the benchmark gauge poised for a second week of gains, as lenders
climbed.Axis Bank Ltd. and State Bank of India were the biggest gainers on the S&P BSE Sensex.
Mahindra & Mahindra Ltd., the country’s biggest tractor maker, headed for a one-month high. Bharat Heavy
Electricals Ltd., the top power-equipment maker, rose for a third day, the longest stretch in three weeks.
The Sensex added 0.2 percent to 27,236.36 at 11:20 a.m. in Mumbai, taking gains this week to 0.8 percent.
Data this week showed India’s consumer price index and wholesale price index were weaker than
estimated, leading to speculation that central bank Governor Raghuram Rajan will raise interest rates.
Asian stocks climbed on Friday, sending the MSCI Asia Pacific Index toward its first weekly gain this month,
after the Standard & Poor’s 500 Index jumped to a fresh record. “Expectations of at least a 25-basis point
rate cut are building up,” D.K. Aggarwal, chairman of SMC Investments & Advisors Ltd., said from New
Delhi today. “A positive global market is supporting today even though concerns on the pace of earnings
growth, economic reforms and prospects of a Fed rate hike remain in the background.” Consumer prices
rose 4.87 percent in April from a year ago, compared with 5.17 percent in March, the government said on
Tuesday. Wholesale prices fell 2.65 percent from a year earlier in April, official data showed on Thursday.
The Sensex is trading with its 30-day volatility near the highest level since September 2013, according to
data compiled by Bloomberg. It entered a so-called correction on May 7 after falling more than 10 percent
from its Jan. 29 record high, as foreigners turned net sellers of shares for all but one of the past 14 trading
days.

Gold imports by India, the world’s second-largest consumer, exceeded 100 metric tons for a second month
in April as easing of state curbs boosted demand for everything from necklaces to bangles and rings.
Shipments totaled 111 tons last month and are about 60 tons so far in May, Revenue Secretary
Shaktikanta Das said in an interview in New Delhi on Friday. Imports in March more than doubled to 125
tons from a year earlier because of seasonal demand and a drop in prices, according to the Finance
Ministry. India is set to become the world’s top consumer this year as economic growth accelerates and
China’s booming equity markets reduce the appeal of bullion, according to P.R. Somasundaram, World
Gold Council’s managing director in India. A 42 percent rebound in crude oil prices from a six-year low in
March and rising gold imports pose threat to India’s current-account deficit as the country imports about 80
percent of its oil needs and almost all its bullion requirement.“Crude is a more important component of our
imports and its prices going up will be a greater worry than gold,” said Dharmakirti Joshi, chief economist at
Crisil Ltd. in Mumbai. “I don’t think the government will take any new steps to control gold imports now.”
Gold demand slowed last year after the government raised import tax three times in 2013 to 10 percent
and linked inbound shipments to re-exports to contain a record current-account deficit. The restrictions
were withdrawn in November after the deficit narrowed. Only the import tax remains.

Indian Prime Minister Narendra Modi’s government has laid out an ambitious road map to meet an April
2016 deadline for implementing a national sales tax after failing to win parliamentary approval this week.
The government intends to pass a constitutional amendment clearing the way for the goods and services
tax in the next parliamentary session in July, Revenue Secretary Shaktikanta Das said in an interview. It
will then pass a law to implement the tax in the winter session starting around November, he said. “We will
have to work overtime,” Das said at his New Delhi office on Friday. “Why think negative at this stage?
Nobody in the parliament is opposed to the concept of GST and the need to bring in GST.” Meeting the
target of April 1, 2016, is key to Modi’s efforts to show investors he can push through India’s biggest tax
6
May 11, 2015 to May 15, 2015
reform since its founding almost seven decades ago. Investors are starting to question whether he can get
economic proposals through the opposition-controlled upper house, leading to a stock selloff as he
approaches one year in office. Das declined to specify the rate of the GST, saying it would be determined
by a committee headed by the finance minister after the constitutional amendment is passed. Under
current rules, India’s federal government and 29 states set rates for more than a dozen different types of
taxes.

Coal India Ltd.’s plan to double production to 1 billion metric tons by 2020 will require as much as $25
billion of investment, coal and power minister Piyush Goyal said. The company, criticized for keeping its
cash pile idle, will add new mines, upgrade facilities and bring in modern equipment, Goyal said Friday in
Kolkata. The state monopoly has lately seen stockpiles swelling at its mines because of a lack of trains.
Some of its largest deposits, equal to almost half of the nation’s output, remain untapped for lack of railway
connectivity. The increase in output will help reduce imports and make Coal India the world’s most valuable
mining company, Goyal said. The company lags behind global peers BHP Billiton Ltd., Glencore Plc and
Rio Tinto Group in market value. India’s coal imports jumped 34 percent to 242.4 million metric tons in the
year ended March 31, according to data from Mjunction Services Ltd., a Kolkata, India-based auction
platform for commodities. Imports may reach 260 million tons this year, Mjunction Chief Executive Officer
Viresh Oberoi said in an e-mailed response to questions last month.
International:

British banks looking for the new Conservative government to lower the levy on their balance sheets face
disappointment, at least for now. Tinkering with the tax would risk angering voters stung by the financial
crisis and make it tougher to plug Britain’s budget deficit, said Mark Garnier, a Conservative lawmaker and
member of the Treasury Committee. The levy was introduced in 2010 after Britain sank about 1 trillion
pounds ($1.6 trillion) into banks to prop up the nation’s financial system. The state still owns 79 percent of
unprofitable Royal Bank of Scotland Group Plc and about a fifth of Lloyds Banking Group Plc. “I don’t think
anything will change on the bank levy before such time as we have no stake in RBS and Lloyds,” Garnier
said in an interview. “There is no way I’m going back to my constituents and saying, sorry guys, we’re
struggling on whatever it happens to be, but the banks are OK.” The parliamentary majority Prime Minister
David Cameron’s Tories unexpectedly won in the May 7 election allowed the City of London, as Britain’s
financial district is known, to dodge tougher policies promised by his Labour Party challenger, Ed Miliband.
In the runup to the vote, HSBC Holdings Plc threatened to quit the U.K. over increases to the levy and
tougher rules. Standard Chartered Plc is also reviewing its London headquarters.

European stocks rose for a second day, erasing a weekly decline, as Roche Holding AG pushed Swiss
equities higher. The Stoxx Europe 600 Index climbed 0.6 percent to 400.36 at 10:44 a.m. in London.
Markets including Switzerland and Sweden re-opened after a holiday yesterday. Roche Holding AG rose
3.3 percent after a study showed its experimental lung-cancer drug doubled the likelihood of survival for
some patients. That pushed the Swiss Market Index up 1.4 percent for the biggest gain in western Europe.
The Stoxx 600 rebounded Thursday, after earlier falling amid a stronger euro and a rout in bond markets.
Companies on the gauge reached their highest valuation in at least a decade at the end of last month,
buoyed by a rally this year. Yields on 10-year notes in euro-area government debt fell on Friday. “Things
are finally more calm now,” said Pierre Mouton, who helps manage $8.3 billion at Notz, Stucki & Cie. in
Geneva, Switzerland. “Markets needed some kind of normalization of bond yields. The selloff just got to a
point where equity markets could no longer ignore it, and valuations got a real shock. Stocks will probably
trade sideways until the next earnings season gives us a catalyst to move higher.” The volume of shares
changing hands in companies listed on the index was 14 percent lower than the 30-day average.
7
May 11, 2015 to May 15, 2015

Mitsubishi UFJ Financial Group Inc. plans to buy back shares after annual profit exceeded 1 trillion yen
($8.4 billion) for the first time. Japan’s biggest bank said it will spend 100 billion yen purchasing its shares
in the second buyback in the past year. Net income rose 5 percent to 1.03 trillion yen for the year ended
March 31, the lender said in a statement on Friday. Mitsubishi UFJ stands alone among Japan’s three socalled megabanks in buying back stock as Prime Minister Shinzo Abe urges companies to boost returns to
investors. The Tokyo-based lenders face the dilemma of either sharing more earnings with investors or
putting the money into expanding abroad to counter shrinking loan profitability at home. Net income will
probably fall to 950 billion yen in the current year, Mitsubishi UFJ said. That’s lower than the 1.06 trillion
yen average estimate of 13 analysts surveyed by Bloomberg. Last year’s profit beat the bank’s target for
950 billion yen and was in line with analysts’ estimates. Mizuho Financial Group Inc., the country’s thirdbiggest bank by market, value,addressed earlier on Friday that net income will climb 3 percent to 630
billion yen this year. Profit fell 11 percent to 611.9 billion yen in the year ended March, it said. Mizuho
raised its full-year dividend to 7.5 yen from 7 yen planned previously. Mitsubishi UFJ also bought back
shares for 100 billion yen late last year.

Russia has managed to wrench investors away from the world’s best currency trade without denting
demand for its bonds. While the central bank halted the ruble’s advance on Thursday by purchasing foreign
currency for the first time since moving to a free-floating exchange rate in November, the government’s
local debt extended the biggest gains in emerging markets this year. The rally underscores bondholder
confidence that the recovery in oil prices and reduced tension in Ukraine will enable Bank of Russia
governor Elvira Nabiullina to reverse last year’s emergency interest-rate increase without stoking inflation.
The ruble has strengthened 21 percent against the dollar this year, more than twice as much as any other
currency. “The central bank still has room to cut rates as long as the ruble behaves itself,” said Edwin
Gutierrez, who helps oversee $13 billion at Aberdeen Asset Management Plc in London. Purchases of
Russia’s so-called OFZs late last year and in the first quarter of 2015 helped Gutierrez’s Aberdeen
Emerging Markets Debt Local Currency Fund outperform 70 percent of its peers this year. The ruble
intervention isn’t a reason to exit from bonds, he communicated through e-mail on Thursday. The
government’s 2027 ruble bond gained for a second day on Thursday. Its yield has plunged 2.7 percentage
points in 2015, the biggest decline among 25 emerging-market nations’ securities.
News source: Bloomberg
CL01809
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carefully.
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reference to the securities/ sectors in the document is only for illustration purpose and are NOT stock recommendations
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The value of investments and any income from them can go down as well as up
8