MINOR PROJECT ON TECHNICAL ANALYSIS OF BANKING SECTOR

Submitted By:
SHADMAN TAUHEED
A0101913051

MBA Class of 2015

Under the Supervision of

PROFESSOR ANUBHA SRIVASTAVA

In Partial Fulfillment of the Requirements for the Degree of

Master of Business Administration

AMITY BUSINESS SCHOOL

AMITY UNIVERSITY UTTAR PRADESH
SECTOR 125, NOIDA - 201303, UTTAR PRADESH, INDIA

DECLARATION

The title of Minor Project is Technical Analysis of the Banking Sector.

I declare that the work presented for assessment in this minor project is my original work, that it
has not previously been presented for any other assessment and that my debts (for words, data,
arguments and ideas) have been appropriately acknowledged; work conforms to the guidelines
laid by the University, and Plagiarism for this report has been checked using __________
software and is ___________ %. The summary of report is attached along with for reference.

Date: - 25th March, 2014

Shadman Tauheed
A0101913051
M.B.A

CERTIFICATE

This is to certify that Shadman Tauheed student of Masters of Business Administration at

Amity Business School; Amity University Uttar Pradesh has completed the Minor Project on
Technical Analysis of the Banking Sector, in Partial Fulfillment of the Requirements for the
Degree of Master of Business Administration under my guidance.

The report has been checked for the plagiarism and it is acceptable.

Professor Anubha Srivastava

ACKNOWLEDGEMENT
This project was indeed a learning experience for me. I learnt a lot not only from the study and
its analysis but also from the insights given to me by my faculty guide. An Endeavour of this
kind cannot be successful without the guidance of elders and faculty concerned. I am thankful to
my Programme Leader Ms. Teena Bagga and my project mentor Professor Anubha Srivastava
for their generous attitude and concern. I am grateful to them for the valuable suggestion,
inspiration and encouragement from time to time.
I also feel immense pleasure in expressing my gratitude to all those who provided or helped me
provide all the information I needed to complete this project. Also, I would like to thank all those
who have directly or indirectly helped me in completing this project successfully.

Date: - 25th March, 2014

Shadman Tauheed
A0101913051
M.B.A

What Is Stock Market?

A stock exchange is a corporation or mutual organization which provides "trading" facilities for
stock brokers and traders, to trade stocks and other securities. Stock exchanges also provide
facilities for the issue and redemption of securities as well as other financial instruments and
capital events including the payment of income and dividends. The securities traded on a stock
exchange include: shares issued by companies, unit trusts, derivatives, pooled investment
products and bonds. To be able to trade a security on a certain stock exchange, it has to be listed
there. Usually there is a central location at least for recordkeeping, but trade is less and less
linked to such a physical place, as modern markets are electronic networks, which gives them
advantages of speed and cost of transactions. Trade on an exchange is by members only. The
initial offering of stocks and bonds to investors is by definition done in the primary market and
subsequent trading is done in the secondary market. A stock exchange is often the most
important component of a stock market. Supply and demand in stock markets is driven by
various factors which, as in all free markets, affect the price of stocks.
There is usually no compulsion to issue stock via the stock exchange itself, nor must stock be
subsequently traded on the exchange. Such trading is said to be off exchange or over-the-counter.
This is the usual way that derivatives and bonds are traded. Increasingly, stock exchanges are
part of a global market for securities.

What is Bull and Bear in Stock Market?

A market trend is the prevailing course or tendency of a financial market to move in a particular
direction over time. These trends are classified as secular trends (long term), primary trends
(mid-term) and secondary trends (short-term). The concept of a market trend is used in technical
analysis and contrasts the standard academic view of financial markets, the efficient market
hypothesis.
Technical analysis utilizes the concept that market trends or market cycles occur with a certain
degree of regularity and predictability and consideration of market trends is common to many
investors. The terms bull market and bear market describe upward and downward market trends
respectively and can be used to describe either the market as a whole or specific sectors and
securities (stocks). Also the terms bullish and bearish may be used synonymous with "optimistic"
and "pessimistic" respectively, e.g., "bullish on gold" or "bearish on technology stocks" etc.
Bull Market:
A bullish market trend in the stock market often begins before the general economy shows clear
signs of recovery. A bull market is associated with increasing investor confidence, and increased
investing in anticipation of future price increases capital gains.
India's Bombay Stock Exchange Index, SENSEX, was in a bull market trend for almost five
years from April 2003 to January 2008 as it increased from 2,900 points to 21,000 points.
Another notable and recent bull market was in the 1990s when the U.S. and many other global
financial markets rose rapidly. In describing financial market behavior, the largest group of
market participants is often referred to, metaphorically, as a herd. This is especially relevant to
participants in bull markets since bulls are herding animals. A bull market is also sometimes
described as a bull run. Dow Theory attempts to describe the character of these market

movements. International sculpture team Mark and Diane Weisbeck were chosen to re-design
Wall Street's Bull Market. Their winning sculpture, the "Bull Market Rocket" was chosen as the
modern, 21st century symbol of the up-trending Bull Market.

Bear Market:
A bear market is a general decline in the stock market over a period of time.[8] A bear market is a
downward primary market trend. It is accompanied by widespread investor fear and pessimism.
Investors anticipate further losses and are motivated to sell.
Prices fluctuate constantly on the open market. To take the example of a bear stock market, it is
not a simple decline, but a substantial drop in the prices of the majority of stocks over a defined
period of time. According to The Vanguard Group, "While theres no agreed-upon definition of a
bear market, one generally accepted measure is a price decline of 20% or more over at least a
two-month period."
The most famous bear market in history followed the Wall Street Crash of 1929 and erased 89%
(from 386 to 40) of market capitalization by July 1932, marking the start of the Great
Depression. After slowly regaining nearly 50% of its losses, a longer bear market from 1937 to
1942 occurred in which the market was again cut in half. A milder, low-level, long-term bear
market occurred from about 1973 to 1982, encompassing the stagflation of U.S. economy, the
1970s energy crisis, and the high unemployment of the early 1980s.

Banking Sector

The global financial system is still far away from a full recovery on account of a slowdown in
the US economy, the soft landing in China and the Euro debt crisis. The Indian banking sector
has been relatively well shielded by the central bank and has managed to sail through most of
the crisis. But, currently in light of slowing domestic GDP growth, persistent inflation, asset
quality concerns and elevated interest rates, the investment cycle has been wavering in the
country
The cost of borrowings was higher on account of the various monetary tightening measures
undertaken by the central bank. People preferred to park their funds in higher yielding fixed
deposits rather than current or savings account (CASA). CASA accretion slowed for most banks
which led to a higher cost of funds. The savings bank account rate was deregulated by the RBI,
however most banks continue to hold the rate at 4%.
Apart from streamlining their processes through technology initiatives such as ATMs, telephone
banking, online banking and web based products, banks also resorted to cross selling of
financial products such as credit cards, mutual funds and insurance policies to augment their fee
based income. They are also looking at various financial inclusion initiatives in order to spread
the use of financial services among Indias large unbanked population.

Key Points on Banking Sector

Supply

Liquidity is controlled by the Reserve Bank of India (RBI).

Demand

India is a growing economy and demand for credit is high though it could be
cyclical.

Barriers to entry

Licensing requirement, investment in technology and branch network, capital

and regulatory requirements.

Bargaining power High during periods of tight liquidity. Trade unions in public sector banks
of suppliers

can be anti-reforms and orchestrate strikes. Depositors may invest elsewhere

if interest rates fall.

Bargaining power For good creditworthy borrowers bargaining power is high due to the
of customers

availability of large number of banks.

Competition

High- There are public sector banks, private sector and foreign banks along
with non-banking finance companies competing in similar business segments.
Plus the RBI is planning to issue new banking licenses.

Financial Year 2013

The RBI had to revise its target for credit growth in FY13 a number of times given the external
environment. From starting off with a prediction of 19% credit growth in May 2012, the central
bank brought this estimate down to 16% in January 2013. Finally non-food credit growth came
in at around 17% in FY13 compared to 21.5% in FY12. Against a backdrop of GDP growth
deceleration, weak IIP data and persistent inflation banks became more risk averse to lending
credit. This deceleration also reflects banks risk aversion in face of rising NPAs and increased
leverage of corporate balance sheets.
Credit growth decelerated across all bank groups during 2012-13 ranging between 16.3% in the
case of public sector banks and 19.7% for private sector banks. The comparable figures for the
previous year were 21% and 24.7% respectively.
The RBIs has not yet rolled back its aggressive interest rate policy and rates continue to be
elevated. The repo rate currently stands at 8%, with the reverse repo rate at 7%. While inflation
continues to remain high the RBI has refrained from any further hikes in order to address the
slowdown in growth. It may ease rates once inflation comes under control.
Growth on the deposit front however remained relatively low coming in at around 13% YoY in
FY13; this was as against an RBI target of 17%. Fixed deposits saw good growth, while demand
deposits saw a deceleration on lower yields. The outstanding credit-deposit ratio rose from
74.5% FY12 to 76.7% in FY13.
In the retail portfolio, while home loans grew by 12% YoY, while vehicle loans grew by 20%.
Overall other personal loans enjoyed a much smaller growth of 8% YoY due to banks
reluctance towards uncollateralized credit. Credit card outstanding grew by 13% YoY.

Economic Scenario
Economic growth and unemployment scenario continues to remain grim in the US and Eurozone.
Moreover uncertainties with respect to prospects of emerging economies remain. Back home, the
GDP growth rate has not witnessed any significant uptick. The growth in the manufacturing
sector has slowed while the agricultural growth stands worrisome. The central bank has cut the
growth forecast to less than 5% for 2013-14. That said the RBI Governor remains sanguine of
the turnaround in broader economy in the next financial year.

The wholesale price index (WPI) and the consumer price index (CPI) at 6.2% and 9.8%
respectively still stand above the desirable levels. Despite good monsoons and bumper crop, the
CPI continues to be in double digits. With rise in wages, the services inflation has been driving
the core inflation higher. The increased policy rates are expected to tame the consumer price
index.

The gravest risk to the value of the rupee is also from CPI inflation. Moreover, elevated levels of
inflation erode household budgets and constrict the purchasing power of consumers. This, in
turn, discourages investment and weakens growth.

Policy stance

Given the lower inflation rates in December 2013, the rate hike move was unexpected. The
beleaguered corporate India which has been clamoring for interest rate cut, will have to brace for
higher funding costs. The prevalent higher borrowing costs and the high raw material costs have

already strained corporate profitability.

Inflation seems to be on a downward trajectory, but credit growth and GDP is seeing a
slowdown. The credit growth for the banking system has been struggling in the range of 14%15% for quite some time now. Marred by economic slowdown and stalled infrastructure projects,
credit growth is expected to remain subdued in the near-term.

The way forward....

The RBI does not see near-term rate hikes if inflationary conditions were to improve from the
current levels. Also, the central bank has maintained that rate cuts are not the only solution to
curbing inflation and stimulating growth.

The RBI's insistence of policy reform support from the government to balance growth and
inflation has so far yielded no results. Going forward too we expect the face-off between the
government and the RBI on monetary policy stance to continue.

Comparison between the closing prices of SBI and ICICI bank

3,000.00
2,500.00
2,000.00
1,500.00
SBI Closing Price
1,000.00

ICICI Closing Price

500.00

20 Mar, 2014
5 Mar, 2014
18 Feb, 2014
3 Feb, 2014
17 Jan, 2014
2 Jan, 2014
18 Dec, 2013
3 Dec, 2013
18 Nov, 2013
1 Nov, 2013
17 Oct, 2013
2 Oct, 2013
17 Sep, 2013
2 Sep, 2013
16 Aug, 2013
1 Aug, 2013
17 Jul, 2013
2 Jul, 2013
17 Jun, 2013
31 May, 2013
16 May, 2013
1 May, 2013
16 Apr, 2013
1 Apr, 2013

0.00

The above chart is drawn for a period of one year ranging from 1st April 2013 to 31st March
2014, taking into consideration the daily closing prices of the SBI and the ICICI bank.
We can infer from the chart that period between 16th May and 31st May have shown steep growth
in the stock price of the SBI whereas on the other had the ICICI bank have shown a relatively
stable movement and there has been less significant movement.
SBI in past one year have shown volatility in its stock prices with average return of -0.31722
from its closing price with a risk of 0.019497.
ICICI bank promised an average return of 0.195932 with a risk of 0.022518, giving better returns
but with higher risk.

Risk and Return from the closing prices of SBI and ICICI bank
STATE BANK OF INDIA

INDUSTRIAL CREDIT AND

INVESTMENT CORPORATION OF INDIA

RISK

RETURN

RISK

RETURN

0.019497

-0.31722

0.022518

0.195932

From the above table it is very clear that higher the risks, higher are the returns, SBI with a
relatively lower risk at 0.019497 gives a return of -0.31722.
Whereas on the other hand the ICICI bank with a little higher risk of 0.022518
Gives better returns of 0.195932.

BSE BANKEX in comparison with BSE SENSEX

25000

20000

15000

S&P BSE BANKEX

10000

S&P BSE SENSEX

5000

Date
19-Mar-14
4-Mar-14
17-Feb-14
3-Feb-14
20-Jan-14
6-Jan-14
20-Dec-13
6-Dec-13
22-Nov-13
7-Nov-13
24-Oct-13
9-Oct-13
23-Sep-13
6-Sep-13
23-Aug-13
7-Aug-13
24-Jul-13
10-Jul-13
26-Jun-13
12-Jun-13
29-May-13
15-May-13
30-Apr-13
12-Apr-13

The above chart is drawn for a period of one year ranging from 1st April 2013 to 31st March
2014, taking into consideration the daily closing prices of the BSE SENSEX and BSE
BANKEX.
There seems to be a perfect correlation between the index for the banking sector which is BSE
BANKEX and the BSE SENSEX. The movement in the closing prices of the index shows us that
they have been in sync.
So it can be inferred that the stock prices of shares of banking sector follow somewhat similar
trend as that of the BSE SENSEX.

Appendix
Prices

SBI
Date

Open

High

Low

20 Mar, 2014
19 Mar, 2014
18 Mar, 2014
17 Mar, 2014
14 Mar, 2014
13 Mar, 2014
12 Mar, 2014
11 Mar, 2014
10 Mar, 2014
7 Mar, 2014
6 Mar, 2014
5 Mar, 2014
4 Mar, 2014
3 Mar, 2014
28 Feb, 2014
27 Feb, 2014
26 Feb, 2014
25 Feb, 2014
24 Feb, 2014
21 Feb, 2014
20 Feb, 2014
19 Feb, 2014
18 Feb, 2014
17 Feb, 2014
14 Feb, 2014
13 Feb, 2014
12 Feb, 2014
11 Feb, 2014
10 Feb, 2014
7 Feb, 2014
6 Feb, 2014
5 Feb, 2014
4 Feb, 2014
3 Feb, 2014
31 Jan, 2014
30 Jan, 2014
29 Jan, 2014
28 Jan, 2014

1,703.25
1,711.00
1,652.15
1,653.50
1,641.00
1,650.50
1,663.00
1,690.00
1,650.00
1,585.00
1,583.50
1,560.00
1,517.10
1,530.00
1,526.25
1,521.65
1,509.20
1,518.70
1,506.00
1,485.00
1,500.00
1,500.00
1,472.00
1,476.00
1,504.00
1,536.00
1,529.00
1,514.00
1,534.70
1,521.00
1,521.90
1,519.70
1,475.00
1,530.00
1,533.80
1,559.60
1,611.35
1,600.00

1,705.00
1,717.95
1,709.40
1,653.50
1,669.95
1,697.30
1,673.50
1,722.00
1,710.00
1,663.90
1,583.50
1,581.00
1,553.80
1,557.20
1,538.10
1,521.65
1,534.00
1,520.60
1,518.00
1,505.00
1,501.00
1,515.65
1,510.00
1,484.90
1,513.70
1,536.45
1,539.95
1,528.20
1,534.70
1,532.90
1,537.00
1,529.75
1,521.75
1,530.00
1,540.00
1,559.60
1,621.90
1,628.00

1,673.50
1,696.00
1,652.15
1,653.50
1,630.10
1,644.80
1,640.00
1,666.60
1,640.25
1,581.00
1,561.40
1,540.00
1,515.50
1,515.15
1,520.00
1,521.65
1,506.70
1,500.00
1,490.65
1,485.00
1,476.30
1,498.00
1,472.00
1,463.10
1,455.95
1,495.00
1,517.65
1,514.00
1,507.60
1,506.10
1,497.00
1,502.00
1,469.00
1,486.55
1,515.00
1,514.10
1,570.15
1,580.00

Close

Volume

1,677.95
141,700
1,707.35
208,400
1,698.40
304,300
1,653.50
0
1,653.50
233,000
1,651.80
349,200
1,644.75
210,500
1,675.15
301,500
1,691.35
460,000
1,648.75
507,600
1,576.20
239,500
1,573.50
356,100
1,549.70
209,900
1,518.50
398,200
1,531.70
192,900
1,521.65
0
1,521.65
586,900
1,506.75
232,700
1,510.75
380,000
1,503.10
251,400
1,481.50
170,700
1,508.65
362,300
1,499.05
795,300
1,473.40
249,000
1,475.10
943,900
1,499.65
226,500
1,532.70 1,060,000
1,518.50
430,900
1,514.30
145,400
1,526.75
202,600
1,504.25
253,900
1,521.10
175,900
1,516.00
281,900
1,489.85
257,400
1,525.60
224,400
1,517.55
307,500
1,573.65
281,200
1,595.95
304,400

Adj
Close*
1,677.95
1,707.35
1,698.40
1,653.50
1,653.50
1,651.80
1,644.75
1,675.15
1,676.35
1,634.13
1,562.22
1,559.55
1,535.96
1,505.03
1,518.12
1,508.16
1,508.16
1,493.39
1,497.35
1,489.77
1,468.36
1,495.27
1,485.76
1,460.33
1,462.02
1,486.35
1,519.11
1,505.03
1,500.87
1,513.21
1,490.91
1,507.61
1,502.56
1,476.64
1,512.07
1,504.09
1,559.69
1,581.80

LN
-0.01737
0.005256
0.026792
0
0.001029
0.004277
-0.01831
-0.00962
0.02551
0.045001
0.001714
0.015241
0.020338
-0.00866
0.006583
0
0.00984
-0.00265
0.005077
0.014475
-0.01816
0.006384
0.017259
-0.00115
-0.01651
-0.0218
0.009308
0.00277
-0.00819
0.014847
-0.01114
0.003358
0.0174
-0.02371
0.005291
-0.0363
-0.01407
0.000878

27 Jan, 2014
24 Jan, 2014
23 Jan, 2014
22 Jan, 2014
21 Jan, 2014
20 Jan, 2014
17 Jan, 2014
16 Jan, 2014
15 Jan, 2014
14 Jan, 2014
13 Jan, 2014
10 Jan, 2014
9 Jan, 2014
8 Jan, 2014
7 Jan, 2014
6 Jan, 2014
3 Jan, 2014
2 Jan, 2014
1 Jan, 2014
31 Dec, 2013
30 Dec, 2013
27 Dec, 2013
26 Dec, 2013
25 Dec, 2013
24 Dec, 2013
23 Dec, 2013
20 Dec, 2013
19 Dec, 2013
18 Dec, 2013
17 Dec, 2013
16 Dec, 2013
13 Dec, 2013
12 Dec, 2013
11 Dec, 2013
10 Dec, 2013
9 Dec, 2013
6 Dec, 2013
5 Dec, 2013
4 Dec, 2013
3 Dec, 2013
2 Dec, 2013
29 Nov, 2013
28 Nov, 2013

1,600.00
1,649.45
1,640.00
1,657.00
1,652.60
1,622.95
1,632.65
1,645.00
1,635.00
1,634.00
1,614.00
1,639.90
1,654.90
1,665.00
1,695.00
1,720.00
1,730.00
1,766.90
1,774.00
1,763.40
1,780.00
1,757.00
1,755.00
1,759.15
1,765.00
1,749.90
1,728.00
1,773.10
1,718.95
1,753.70
1,734.40
1,759.60
1,793.90
1,840.00
1,899.40
1,913.00
1,853.70
1,861.30
1,805.00
1,812.20
1,826.00
1,764.70
1,785.00

1,604.15
1,664.10
1,662.00
1,657.00
1,671.40
1,645.90
1,644.90
1,650.55
1,658.00
1,648.50
1,647.10
1,656.65
1,662.70
1,675.95
1,702.00
1,721.50
1,735.95
1,805.80
1,774.00
1,773.40
1,789.60
1,781.50
1,770.00
1,759.15
1,772.00
1,773.00
1,758.00
1,776.80
1,779.30
1,753.70
1,760.95
1,769.85
1,798.25
1,840.00
1,899.40
1,920.90
1,867.90
1,880.00
1,834.70
1,829.40
1,853.00
1,829.80
1,790.00

1,584.25
1,618.25
1,635.50
1,635.40
1,646.40
1,617.00
1,618.25
1,634.00
1,633.25
1,622.05
1,611.75
1,600.00
1,630.50
1,650.00
1,653.15
1,681.00
1,710.40
1,733.00
1,761.00
1,751.60
1,755.40
1,757.00
1,747.00
1,759.15
1,752.10
1,748.00
1,720.95
1,716.10
1,716.00
1,715.10
1,730.00
1,740.50
1,773.00
1,782.10
1,839.10
1,882.20
1,845.85
1,845.10
1,796.40
1,804.80
1,813.05
1,764.70
1,760.95

1,594.55
1,621.95
1,657.05
1,645.75
1,658.60
1,641.00
1,622.05
1,637.00
1,643.55
1,626.90
1,641.95
1,608.85
1,639.10
1,655.40
1,659.75
1,687.65
1,716.10
1,742.50
1,765.30
1,765.50
1,763.40
1,769.90
1,754.20
1,759.15
1,759.15
1,757.55
1,751.85
1,730.45
1,764.90
1,718.95
1,732.85
1,743.55
1,778.40
1,796.70
1,844.55
1,889.20
1,861.80
1,853.70
1,819.70
1,814.35
1,822.65
1,821.50
1,763.55

244,600
222,300
157,100
144,500
172,600
151,700
173,400
124,700
245,300
171,500
237,600
340,800
259,500
264,600
305,000
220,800
237,200
404,000
98,600
169,400
198,800
179,700
182,700
0
178,600
184,800
271,100
299,800
453,400
303,600
227,500
250,000
239,600
358,900
232,400
291,500
192,700
305,600
270,700
225,600
304,400
420,600
212,700

1,580.41
1,607.57
1,642.35
1,631.15
1,643.89
1,626.45
1,607.66
1,622.48
1,628.97
1,612.47
1,627.39
1,594.58
1,624.56
1,640.72
1,645.03
1,672.68
1,700.88
1,727.05
1,749.64
1,749.84
1,747.76
1,754.20
1,738.64
1,743.55
1,743.55
1,741.96
1,736.31
1,715.10
1,749.25
1,703.71
1,717.48
1,728.09
1,762.63
1,780.77
1,828.19
1,872.45
1,845.29
1,837.26
1,803.56
1,798.26
1,806.49
1,805.35
1,747.91

-0.01704
-0.02141
0.006843
-0.00778
0.010668
0.011615
-0.00917
-0.00399
0.010182
-0.00921
0.020365
-0.01863
-0.0099
-0.00262
-0.01667
-0.01672
-0.01527
-0.013
-0.00011
0.00119
-0.00368
0.00891
-0.00282
0
0.00091
0.003248
0.012291
-0.01971
0.02638
-0.00805
-0.00616
-0.01979
-0.01024
-0.02628
-0.02392
0.01461
0.00436
0.018512
0.002944
-0.00456
0.000631
0.032332
-0.0002

27 Nov, 2013
26 Nov, 2013
25 Nov, 2013
22 Nov, 2013
21 Nov, 2013
20 Nov, 2013
19 Nov, 2013
18 Nov, 2013
15 Nov, 2013
14 Nov, 2013
13 Nov, 2013
12 Nov, 2013
11 Nov, 2013
8 Nov, 2013
7 Nov, 2013
6 Nov, 2013
5 Nov, 2013
4 Nov, 2013
1 Nov, 2013
31 Oct, 2013
30 Oct, 2013
29 Oct, 2013
28 Oct, 2013
25 Oct, 2013
24 Oct, 2013
23 Oct, 2013
22 Oct, 2013
21 Oct, 2013
18 Oct, 2013
17 Oct, 2013
16 Oct, 2013
15 Oct, 2013
14 Oct, 2013
11 Oct, 2013
10 Oct, 2013
9 Oct, 2013
8 Oct, 2013
7 Oct, 2013
4 Oct, 2013
3 Oct, 2013
2 Oct, 2013
1 Oct, 2013
30 Sep, 2013

1,789.00
1,800.00
1,747.00
1,771.00
1,779.05
1,818.10
1,765.90
1,747.00
1,722.40
1,721.10
1,660.00
1,701.00
1,729.70
1,750.00
1,808.90
1,859.00
1,879.00
1,879.40
1,799.00
1,716.00
1,745.00
1,668.25
1,722.00
1,715.85
1,715.00
1,692.00
1,668.00
1,668.40
1,630.00
1,622.90
1,621.55
1,665.00
1,648.70
1,652.00
1,615.00
1,590.60
1,672.00
1,644.90
1,651.00
1,646.00
1,643.50
1,624.40
1,614.60

1,797.90
1,818.50
1,809.90
1,781.80
1,787.85
1,834.40
1,829.80
1,770.00
1,722.40
1,740.65
1,735.00
1,719.00
1,752.70
1,767.85
1,827.00
1,884.90
1,908.00
1,879.40
1,891.00
1,800.95
1,757.15
1,741.80
1,737.90
1,738.80
1,743.00
1,733.95
1,692.00
1,694.80
1,672.00
1,635.00
1,621.55
1,693.90
1,669.00
1,671.15
1,639.00
1,620.00
1,680.00
1,645.65
1,677.50
1,664.50
1,643.50
1,650.00
1,631.00

1,756.00
1,782.00
1,741.05
1,735.00
1,755.00
1,782.70
1,764.00
1,735.00
1,722.40
1,710.00
1,653.40
1,670.70
1,696.00
1,731.00
1,746.85
1,804.00
1,841.05
1,879.40
1,790.10
1,705.00
1,715.00
1,645.10
1,671.50
1,697.05
1,707.00
1,685.25
1,661.15
1,662.05
1,627.55
1,601.00
1,621.55
1,611.80
1,643.00
1,631.40
1,609.85
1,577.25
1,601.95
1,620.20
1,631.50
1,626.00
1,643.50
1,614.25
1,597.10

1,763.90
1,785.85
1,804.55
1,740.30
1,760.10
1,795.55
1,823.30
1,767.15
1,722.40
1,722.40
1,697.85
1,675.45
1,705.00
1,744.25
1,752.25
1,809.60
1,873.20
1,879.40
1,879.40
1,795.50
1,721.00
1,737.30
1,676.20
1,717.65
1,718.25
1,716.35
1,676.90
1,671.25
1,664.80
1,621.60
1,621.55
1,621.55
1,656.20
1,651.60
1,633.00
1,612.35
1,611.65
1,632.75
1,652.40
1,659.45
1,643.50
1,643.50
1,615.25

275,400
293,400
350,900
326,600
416,700
417,600
479,600
309,100
0
334,000
961,400
486,100
428,000
383,000
538,100
440,400
376,100
0
639,800
638,900
302,600
584,200
246,000
244,000
334,900
597,700
242,900
323,200
351,900
483,700
0
445,200
214,400
356,000
465,000
473,000
431,100
230,000
517,800
384,600
0
312,200
433,000

1,748.26
1,770.01
1,788.55
1,724.87
1,744.49
1,779.63
1,807.13
1,751.48
1,707.12
1,707.12
1,682.79
1,660.59
1,689.88
1,728.78
1,736.71
1,793.55
1,856.59
1,862.73
1,862.73
1,779.58
1,705.74
1,721.89
1,661.33
1,702.42
1,703.01
1,701.13
1,662.03
1,656.43
1,650.04
1,607.22
1,607.17
1,607.17
1,641.51
1,636.95
1,618.52
1,598.05
1,597.36
1,618.27
1,637.75
1,644.73
1,628.92
1,628.92
1,600.92

-0.01237
-0.01042
0.036254
-0.01131
-0.01994
-0.01534
0.03128
0.025649
0
0.014356
0.013281
-0.01748
-0.02276
-0.00458
-0.03221
-0.03454
-0.0033
0
0.045669
0.042378
-0.00943
0.035803
-0.02443
-0.00035
0.001106
0.023253
0.003375
0.003867
0.026292
3.08E-05
0
-0.02114
0.002781
0.011326
0.012726
0.000434
-0.01301
-0.01196
-0.00426
0.009658
0
0.017338
-0.01624

27 Sep, 2013
26 Sep, 2013
25 Sep, 2013
24 Sep, 2013
23 Sep, 2013
20 Sep, 2013
19 Sep, 2013
18 Sep, 2013
17 Sep, 2013
16 Sep, 2013
13 Sep, 2013
12 Sep, 2013
11 Sep, 2013
10 Sep, 2013
9 Sep, 2013
6 Sep, 2013
5 Sep, 2013
4 Sep, 2013
3 Sep, 2013
2 Sep, 2013
30 Aug, 2013
29 Aug, 2013
28 Aug, 2013
27 Aug, 2013
26 Aug, 2013
23 Aug, 2013
22 Aug, 2013
21 Aug, 2013
20 Aug, 2013
19 Aug, 2013
16 Aug, 2013
15 Aug, 2013
14 Aug, 2013
13 Aug, 2013
12 Aug, 2013
9 Aug, 2013
8 Aug, 2013
7 Aug, 2013
6 Aug, 2013
5 Aug, 2013
2 Aug, 2013
1 Aug, 2013
31 Jul, 2013

1,682.00
1,690.00
1,643.00
1,625.00
1,711.00
1,812.05
1,742.00
1,640.25
1,653.00
1,697.00
1,644.90
1,703.00
1,620.30
1,660.00
1,633.25
1,640.00
1,531.00
1,480.00
1,526.00
1,525.00
1,488.00
1,506.60
1,498.80
1,543.90
1,574.90
1,569.00
1,530.15
1,635.10
1,504.40
1,571.70
1,616.65
1,625.10
1,626.90
1,591.20
1,667.00
1,661.45
1,713.90
1,645.00
1,669.00
1,685.30
1,694.00
1,717.00
1,719.85

1,689.95
1,697.80
1,695.00
1,655.00
1,725.00
1,844.55
1,817.95
1,679.00
1,660.00
1,705.00
1,684.90
1,707.00
1,697.00
1,694.25
1,633.25
1,647.90
1,643.90
1,510.80
1,534.80
1,540.95
1,519.40
1,524.25
1,511.30
1,543.90
1,585.00
1,587.30
1,576.65
1,650.00
1,561.50
1,571.70
1,616.65
1,625.10
1,641.00
1,628.00
1,670.00
1,661.45
1,717.90
1,727.25
1,676.35
1,694.90
1,709.80
1,722.50
1,719.85

1,628.00
1,667.00
1,635.20
1,598.00
1,641.35
1,695.00
1,741.00
1,638.00
1,628.50
1,640.00
1,632.00
1,647.00
1,604.25
1,617.00
1,633.25
1,597.10
1,531.00
1,455.00
1,465.00
1,511.15
1,471.70
1,473.00
1,452.90
1,501.65
1,546.80
1,542.55
1,513.10
1,524.55
1,488.80
1,521.20
1,553.40
1,625.10
1,608.00
1,575.00
1,575.00
1,661.45
1,649.95
1,637.00
1,633.15
1,656.00
1,665.50
1,665.00
1,690.10

1,641.70
318,600
1,675.20
303,700
1,686.35
432,300
1,647.05
731,000
1,652.45
508,700
1,746.55
973,700
1,808.75
664,300
1,673.75
280,600
1,634.90
219,900
1,649.65
414,500
1,662.95
350,000
1,658.10
352,600
1,688.90
618,800
1,631.45
386,900
1,633.25
0
1,633.25
465,600
1,636.25
877,800
1,491.05
402,900
1,475.30
383,500
1,516.65
273,100
1,514.40
453,900
1,489.25
509,100
1,498.20
573,500
1,519.90
531,100
1,557.25
406,500
1,559.45
469,200
1,571.10
757,100
1,549.60
716,700
1,553.50
476,900
1,530.40
700,300
1,571.20
892,600
1,625.10
0
1,625.10
511,600
1,620.70
681,400
1,604.80 1,020,000
1,661.45
0
1,661.45
361,800
1,713.55
421,100
1,640.75
442,200
1,682.35
281,500
1,681.35
415,900
1,683.45
539,600
1,709.85
464,200

1,627.14
1,660.34
1,671.39
1,632.44
1,637.79
1,731.06
1,792.71
1,658.91
1,620.40
1,635.02
1,648.20
1,643.39
1,673.92
1,616.98
1,618.77
1,618.77
1,621.74
1,477.83
1,462.22
1,503.20
1,500.97
1,476.04
1,484.91
1,506.42
1,543.44
1,545.62
1,557.17
1,535.86
1,539.72
1,516.83
1,557.27
1,610.69
1,610.69
1,606.33
1,590.57
1,646.72
1,646.72
1,698.35
1,626.20
1,667.43
1,666.44
1,668.52
1,694.69

-0.0202
-0.00663
0.023581
-0.00327
-0.05538
-0.03499
0.077569
0.023485
-0.00898
-0.00803
0.002921
-0.01841
0.034608
-0.0011
0
-0.00184
0.092926
0.010619
-0.02764
0.001485
0.016747
-0.00599
-0.01438
-0.02428
-0.00141
-0.00744
0.013779
-0.00251
0.014981
-0.02631
-0.03373
0
0.002711
0.009859
-0.03469
0
-0.03088
0.043414
-0.02504
0.000595
-0.00125
-0.01556
-0.00804

30 Jul, 2013
29 Jul, 2013
26 Jul, 2013
25 Jul, 2013
24 Jul, 2013
23 Jul, 2013
22 Jul, 2013
19 Jul, 2013
18 Jul, 2013
17 Jul, 2013
16 Jul, 2013
15 Jul, 2013
12 Jul, 2013
11 Jul, 2013
10 Jul, 2013
9 Jul, 2013
8 Jul, 2013
5 Jul, 2013
4 Jul, 2013
3 Jul, 2013
2 Jul, 2013
1 Jul, 2013
28 Jun, 2013
27 Jun, 2013
26 Jun, 2013
25 Jun, 2013
24 Jun, 2013
21 Jun, 2013
20 Jun, 2013
19 Jun, 2013
18 Jun, 2013
17 Jun, 2013
14 Jun, 2013
13 Jun, 2013
12 Jun, 2013
11 Jun, 2013
10 Jun, 2013
7 Jun, 2013
6 Jun, 2013
5 Jun, 2013
4 Jun, 2013
3 Jun, 2013
31 May, 2013

1,750.90
1,767.00
1,814.00
1,799.00
1,829.00
1,841.80
1,809.90
1,835.00
1,816.00
1,838.00
1,860.00
1,895.00
1,917.40
1,904.30
1,909.90
1,889.90
1,880.60
1,923.00
1,905.00
1,978.70
2,014.00
1,963.95
1,930.35
1,919.95
1,917.00
1,948.00
1,989.00
1,995.50
2,012.00
2,043.90
2,064.00
2,056.00
2,042.00
1,987.00
2,002.00
2,005.00
2,041.60
2,037.90
2,022.00
2,025.00
2,070.50
2,054.70
2,093.80

1,770.45
1,770.00
1,823.90
1,815.65
1,829.00
1,869.90
1,833.90
1,835.00
1,830.00
1,839.00
1,860.00
1,920.00
1,920.65
1,926.40
1,924.00
1,912.00
1,885.00
1,927.00
1,924.00
1,978.70
2,028.60
2,023.00
1,958.00
1,926.40
1,925.55
1,952.00
1,989.00
2,008.60
2,020.00
2,052.00
2,074.90
2,072.00
2,059.90
2,035.40
2,020.00
2,025.00
2,046.90
2,074.95
2,066.00
2,043.80
2,084.45
2,080.00
2,093.80

1,718.00
1,736.55
1,751.10
1,790.00
1,787.55
1,834.75
1,806.35
1,800.00
1,792.00
1,790.25
1,798.10
1,866.90
1,882.60
1,900.00
1,867.05
1,881.00
1,800.00
1,889.00
1,872.65
1,892.70
1,984.00
1,955.00
1,929.00
1,901.10
1,894.00
1,908.15
1,932.00
1,967.00
1,985.15
2,029.10
2,038.00
1,993.00
2,031.25
1,987.00
1,973.25
1,982.50
2,001.25
2,015.00
2,007.30
2,014.00
2,021.05
2,040.55
2,041.55

1,723.65
1,744.05
1,764.80
1,799.45
1,802.90
1,861.10
1,824.15
1,814.10
1,824.45
1,807.05
1,828.45
1,916.10
1,893.40
1,910.15
1,877.55
1,896.35
1,877.30
1,894.70
1,901.45
1,899.60
1,990.85
2,015.60
1,953.60
1,913.70
1,900.70
1,914.75
1,948.85
1,990.40
1,998.45
2,045.70
2,043.90
2,064.95
2,046.25
2,019.80
2,010.05
1,997.65
2,012.10
2,023.15
2,049.15
2,031.60
2,026.00
2,069.70
2,047.70

684,000
307,900
650,800
399,900
618,900
281,200
246,700
352,800
552,300
637,000
707,300
358,900
227,000
265,800
321,600
281,500
308,700
395,900
540,400
497,800
323,500
301,400
248,600
295,800
508,400
533,000
535,000
600,300
735,400
350,900
338,000
535,900
298,200
518,200
598,600
471,000
311,600
418,600
579,600
439,800
374,000
395,500
396,200

1,708.36
1,728.58
1,749.15
1,783.49
1,786.91
1,844.59
1,807.97
1,798.01
1,808.27
1,791.02
1,812.23
1,899.11
1,876.61
1,893.21
1,860.90
1,879.53
1,860.65
1,877.90
1,884.59
1,882.75
1,973.19
1,997.72
1,936.27
1,896.73
1,883.84
1,897.77
1,931.57
1,972.75
1,980.73
2,027.56
2,025.77
2,046.64
2,028.10
2,001.89
1,992.22
1,979.93
1,994.26
2,005.21
2,030.98
2,013.58
2,008.03
2,051.34
2,029.54

-0.01177
-0.01183
-0.01944
-0.00192
-0.03177
0.020054
0.005525
-0.00569
0.009583
-0.01177
-0.04682
0.011918
-0.00881
0.017214
-0.00996
0.010096
-0.00923
-0.00356
0.000973
-0.04692
-0.01236
0.031243
0.020635
0.006816
-0.00736
-0.01765
-0.0211
-0.00404
-0.02337
0.00088
-0.01025
0.009097
0.01301
0.004839
0.006188
-0.00721
-0.00548
-0.01277
0.008601
0.00276
-0.02134
0.010686
-0.0197

30 May, 2013
29 May, 2013
28 May, 2013
27 May, 2013
24 May, 2013
23 May, 2013
22 May, 2013
21 May, 2013
20 May, 2013
17 May, 2013
16 May, 2013
15 May, 2013
14 May, 2013
13 May, 2013
10 May, 2013
9 May, 2013
8 May, 2013
7 May, 2013
6 May, 2013
3 May, 2013
2 May, 2013
1 May, 2013
30 Apr, 2013
29 Apr, 2013
26 Apr, 2013
25 Apr, 2013
24 Apr, 2013
23 Apr, 2013
22 Apr, 2013
19 Apr, 2013
18 Apr, 2013
17 Apr, 2013
16 Apr, 2013
15 Apr, 2013
12 Apr, 2013
11 Apr, 2013
10 Apr, 2013
9 Apr, 2013
8 Apr, 2013
5 Apr, 2013
4 Apr, 2013
3 Apr, 2013
2 Apr, 2013

2,100.05
2,141.90
2,136.90
2,152.00
2,187.60
2,351.05
2,376.00
2,424.80
2,430.10
2,415.10
2,381.00
2,310.00
2,278.00
2,305.00
2,285.00
2,257.00
2,260.20
2,223.00
2,206.00
2,293.00
2,275.00
2,264.20
2,280.00
2,300.25
2,332.00
2,305.55
2,286.65
2,338.00
2,305.30
2,294.00
2,251.15
2,194.00
2,148.00
2,065.00
2,042.00
2,032.00
2,000.00
2,041.25
2,056.25
2,064.15
2,092.00
2,141.75
2,084.00

2,118.60
2,141.90
2,162.00
2,182.15
2,198.75
2,354.80
2,403.00
2,428.90
2,469.25
2,436.00
2,438.90
2,397.00
2,317.00
2,316.50
2,323.05
2,324.25
2,269.95
2,263.90
2,231.90
2,293.00
2,325.45
2,264.20
2,292.00
2,309.85
2,332.00
2,339.00
2,286.65
2,342.00
2,336.70
2,294.00
2,308.20
2,267.00
2,189.90
2,154.65
2,093.00
2,049.90
2,026.15
2,065.00
2,072.40
2,085.00
2,098.00
2,157.00
2,146.40

2,080.40
2,096.00
2,122.35
2,146.45
2,130.10
2,154.50
2,347.25
2,353.00
2,403.00
2,387.95
2,372.00
2,307.55
2,265.60
2,271.35
2,285.00
2,244.25
2,232.45
2,222.00
2,183.15
2,210.00
2,268.65
2,264.20
2,225.00
2,262.20
2,280.10
2,294.55
2,286.65
2,266.20
2,305.30
2,294.00
2,234.55
2,192.95
2,140.00
2,062.15
2,023.95
2,008.00
1,976.10
1,979.00
2,031.00
2,043.05
2,060.00
2,091.20
2,076.20

2,088.45
330,200
2,105.25
321,700
2,130.25
387,100
2,161.60
338,000
2,151.15
761,400
2,176.20 1,169,100
2,364.30
308,500
2,361.10
428,400
2,413.15
338,900
2,424.60
326,700
2,414.80
341,500
2,384.50
537,900
2,291.30
349,400
2,278.25
257,200
2,293.75
346,700
2,294.35
533,400
2,253.55
246,700
2,256.35
294,800
2,225.25
397,000
2,216.55
701,300
2,299.35
322,400
2,264.20
0
2,264.20
318,300
2,267.00
211,000
2,289.55
192,400
2,331.10
305,300
2,286.65
0
2,286.65
366,700
2,323.95
276,400
2,294.00
0
2,294.00
366,100
2,244.45
350,500
2,181.85
300,000
2,144.70
359,900
2,082.05
313,600
2,041.70
318,000
2,021.00
410,400
1,987.10
410,400
2,033.95
225,200
2,056.30
288,500
2,071.00
298,400
2,107.30
326,200
2,140.10
296,900

2,069.93
2,086.58
2,111.36
2,101.30
2,091.14
2,115.49
2,298.34
2,295.23
2,345.83
2,356.96
2,347.43
2,317.98
2,227.38
2,214.69
2,229.76
2,230.34
2,190.68
2,193.40
2,163.17
2,154.71
2,235.20
2,201.04
2,201.04
2,203.76
2,225.68
2,266.07
2,222.86
2,222.86
2,259.12
2,230.00
2,230.00
2,181.84
2,120.98
2,084.87
2,023.97
1,984.74
1,964.62
1,931.67
1,977.21
1,998.94
2,013.23
2,048.51
2,080.40

-0.00801
-0.01181
-0.01461
0.004846
-0.01158
-0.0829
0.001354
-0.02181
-0.00473
0.00405
0.012627
0.03987
0.005712
-0.00678
-0.00026
0.017943
-0.00124
0.013879
0.003917
-0.03667
0.015405
0
-0.00124
-0.0099
-0.01798
0.019252
0
-0.01618
0.012971
0
0.021837
0.028287
0.017173
0.029647
0.01957
0.01019
0.016916
-0.0233
-0.01093
-0.00712
-0.01738
-0.01545
0.023401

1 Apr, 2013 2,089.90 2,098.00 2,068.00 2,090.60

214,500 2,032.28
Average of Log
Value
Prices
ICICI
Adj
Date
Open
High
Low
Close
Volume
Close*
20 Mar, 2014
1,206.00 1,219.00 1,199.80 1,204.80 2,57,982 1,203.43
19 Mar, 2014
1,210.00 1,223.00 1,203.00 1,210.25 2,61,627 1,213.50
18 Mar, 2014
1,212.20 1,231.00 1,199.80 1,204.80 1,96,464 1,215.59
17 Mar, 2014
1,213.75 1,213.75 1,213.75 1,213.75 0
1,213.75
14 Mar, 2014
1,203.00 1,218.70 1,188.45 1,213.75 357,600
1,213.75
13 Mar, 2014
1,210.70 1,241.25 1,210.00 1,218.25 370,200
1,218.25
12 Mar, 2014
1,192.25 1,223.00 1,183.00 1,210.75 354,400
1,210.75
11 Mar, 2014
1,195.00 1,231.90 1,191.15 1,198.45 551,100
1,198.45
10 Mar, 2014
1,182.00 1,214.20 1,182.00 1,193.80 407,300
1,193.80
7 Mar, 2014
1,136.00 1,230.45 1,136.00 1,201.30 747,000
1,201.30
6 Mar, 2014
1,103.20 1,139.40 1,103.20 1,133.65 303,200
1,133.65
5 Mar, 2014
1,073.00 1,100.00 1,065.90 1,097.15 233,500
1,097.15
4 Mar, 2014
1,033.25 1,072.00 1,033.25 1,068.30 223,300
1,068.30
3 Mar, 2014
1,039.40 1,050.60 1,022.25 1,029.65 147,000
1,029.65
28 Feb, 2014
1,040.50 1,048.00 1,030.95 1,043.70 129,300
1,043.70
27 Feb, 2014
1,036.40 1,036.40 1,036.40 1,036.40 0
1,036.40
26 Feb, 2014
1,034.00 1,039.90 1,028.05 1,036.40 83,800
1,036.40
25 Feb, 2014
1,040.25 1,048.80 1,025.10 1,030.70 197,400
1,030.70
24 Feb, 2014
1,021.00 1,042.00 1,018.40 1,036.20 194,400
1,036.20
21 Feb, 2014
1,013.75 1,032.65 1,012.80 1,024.75 228,600
1,024.75
20 Feb, 2014
1,016.00 1,021.35 1,006.60 1,008.45 108,100
1,008.45
19 Feb, 2014
1,033.50 1,042.00 1,027.40 1,030.65 144,900
1,030.65
18 Feb, 2014
1,011.00 1,046.00 1,004.40 1,037.75 275,800
1,037.75
17 Feb, 2014
990
1,014.00 988.85
1,009.45 152,600
1,009.45
14 Feb, 2014
986
991
970
988.4
168,700
988.4
13 Feb, 2014
1,001.00 1,008.90 977
981.2
174,800
981.2
12 Feb, 2014
977
1,001.00 975.95
999.25
294,200
999.25
11 Feb, 2014
964.95
972.9
962.2
969.1
107,200
969.1
10 Feb, 2014
966
968
956
959.55
129,700
959.55
7 Feb, 2014
970
970.5
951.7
961.75
211,400
961.75
6 Feb, 2014
969.85
974.9
946
957.6
326,400
957.6
5 Feb, 2014
974.8
977
955.1
966.15
257,100
966.15
4 Feb, 2014
950
973.4
944.25
970.1
257,900
970.1
3 Feb, 2014
984.3
984.3
956
963.7
227,400
963.7
31 Jan, 2014
984
995
970
988.5
222,800
988.5
30 Jan, 2014
985
992.55
965
974.75
486,100
974.75
29 Jan, 2014
1,030.00 1,040.95 996.2
1,001.95 624,600
1,001.95
28 Jan, 2014
1,011.55 1,029.00 978.65
1,019.15 402,300
1,019.15

-0.00087

LN
-0.00451
0.004513
-0.0074
0
-0.0037
0.006175
0.010211
0.003888
-0.00626
0.057962
0.032727
0.026647
0.03685
-0.01355
0.007019
0
0.005515
-0.00532
0.011111
0.016034
-0.02178
-0.00687
0.027649
0.021073
0.007311
-0.01823
0.030637
0.009903
-0.00229
0.004324
-0.00889
-0.00408
0.006619
-0.02541
0.014008
-0.02752
-0.01702
0.008969

27 Jan, 2014
24 Jan, 2014
23 Jan, 2014
22 Jan, 2014
21 Jan, 2014
20 Jan, 2014
17 Jan, 2014
16 Jan, 2014
15 Jan, 2014
14 Jan, 2014
13 Jan, 2014
10 Jan, 2014
9 Jan, 2014
8 Jan, 2014
7 Jan, 2014
6 Jan, 2014
3 Jan, 2014
2 Jan, 2014
1 Jan, 2014
31 Dec, 2013
30 Dec, 2013
27 Dec, 2013
26 Dec, 2013
25 Dec, 2013
24 Dec, 2013
23 Dec, 2013
20 Dec, 2013
19 Dec, 2013
18 Dec, 2013
17 Dec, 2013
16 Dec, 2013
13 Dec, 2013
12 Dec, 2013
11 Dec, 2013
10 Dec, 2013
9 Dec, 2013
6 Dec, 2013
5 Dec, 2013
4 Dec, 2013
3 Dec, 2013
2 Dec, 2013
29 Nov, 2013
28 Nov, 2013

1,036.00
1,068.00
1,091.00
1,080.00
1,050.25
1,035.00
1,050.10
1,068.00
1,041.50
1,054.90
1,028.85
1,050.75
1,060.00
1,059.00
1,044.90
1,066.00
1,063.00
1,097.00
1,102.00
1,100.00
1,109.00
1,107.00
1,098.00
1,098.30
1,102.00
1,085.05
1,065.50
1,106.00
1,087.35
1,111.00
1,087.00
1,116.00
1,158.20
1,151.00
1,200.00
1,197.50
1,132.40
1,100.55
1,076.65
1,086.00
1,068.20
1,044.00
1,054.00

1,038.55
1,073.75
1,091.00
1,090.50
1,085.00
1,047.50
1,061.90
1,075.85
1,068.45
1,060.40
1,062.45
1,055.00
1,065.25
1,063.00
1,059.10
1,066.40
1,074.80
1,118.00
1,105.90
1,108.00
1,123.40
1,114.00
1,103.60
1,098.30
1,105.75
1,107.00
1,089.90
1,112.00
1,134.00
1,121.85
1,097.40
1,119.90
1,158.20
1,172.70
1,203.00
1,206.20
1,145.20
1,139.90
1,078.00
1,098.80
1,101.00
1,072.80
1,064.35

1,008.00
1,052.90
1,072.00
1,069.05
1,048.70
1,028.00
1,032.00
1,048.90
1,041.50
1,027.00
1,027.00
1,015.00
1,042.80
1,042.60
1,025.10
1,035.00
1,046.00
1,070.00
1,092.35
1,094.95
1,092.55
1,102.00
1,092.20
1,098.30
1,088.50
1,085.05
1,065.50
1,058.30
1,082.30
1,090.00
515.5
1,080.20
1,128.00
1,141.35
1,154.05
1,191.50
1,122.80
1,100.55
1,058.20
1,078.45
1,068.20
1,044.00
1,031.65

1,010.05
1,057.95
1,079.10
1,087.05
1,078.80
1,044.10
1,035.00
1,060.85
1,058.35
1,037.55
1,056.20
1,024.55
1,051.50
1,054.05
1,049.95
1,040.70
1,067.00
1,075.10
1,097.40
1,098.45
1,095.40
1,107.90
1,098.25
1,098.30
1,098.30
1,096.65
1,087.25
1,063.70
1,096.80
1,098.25
1,097.40
1,085.45
1,132.05
1,159.45
1,159.75
1,201.75
1,142.75
1,136.10
1,065.15
1,086.10
1,088.90
1,067.90
1,039.70

247,100
147,300
201,200
289,200
393,300
156,800
333,100
296,500
314,700
179,300
218,100
273,700
369,800
212,300
373,900
350,400
362,800
327,300
83,200
129,500
128,500
168,400
175,400
0
218,100
241,100
290,600
480,900
594,300
250,600
185,800
503,300
243,900
336,600
532,100
765,000
501,700
794,900
444,700
338,800
288,900
350,100
377,200

1,010.05
1,057.95
1,079.10
1,087.05
1,078.80
1,044.10
1,035.00
1,060.85
1,058.35
1,037.55
1,056.20
1,024.55
1,051.50
1,054.05
1,049.95
1,040.70
1,067.00
1,075.10
1,097.40
1,098.45
1,095.40
1,107.90
1,098.25
1,098.30
1,098.30
1,096.65
1,087.25
1,063.70
1,096.80
1,098.25
1,097.40
1,085.45
1,132.05
1,159.45
1,159.75
1,201.75
1,142.75
1,136.10
1,065.15
1,086.10
1,088.90
1,067.90
1,039.70

-0.04633
-0.01979
-0.00734
0.007618
0.032694
0.008754
-0.02467
0.002359
0.019849
-0.01782
0.030424
-0.02596
-0.00242
0.003897
0.008849
-0.02496
-0.00756
-0.02053
-0.00096
0.002781
-0.01135
0.008748
-4.6E-05
0
0.001503
0.008609
0.021898
-0.03064
-0.00132
0.000774
0.010949
-0.04204
-0.02392
-0.00026
-0.03557
0.050341
0.005836
0.064486
-0.01948
-0.00257
0.019474
0.026762
-0.0024

27 Nov, 2013
26 Nov, 2013
25 Nov, 2013
22 Nov, 2013
21 Nov, 2013
20 Nov, 2013
19 Nov, 2013
18 Nov, 2013
15 Nov, 2013
14 Nov, 2013
13 Nov, 2013
12 Nov, 2013
11 Nov, 2013
8 Nov, 2013
7 Nov, 2013
6 Nov, 2013
5 Nov, 2013
4 Nov, 2013
1 Nov, 2013
31 Oct, 2013
30 Oct, 2013
29 Oct, 2013
28 Oct, 2013
25 Oct, 2013
24 Oct, 2013
23 Oct, 2013
22 Oct, 2013
21 Oct, 2013
18 Oct, 2013
17 Oct, 2013
16 Oct, 2013
15 Oct, 2013
14 Oct, 2013
11 Oct, 2013
10 Oct, 2013
9 Oct, 2013
8 Oct, 2013
7 Oct, 2013
4 Oct, 2013
3 Oct, 2013
2 Oct, 2013
1 Oct, 2013
30 Sep, 2013

1,049.60
1,067.00
1,039.70
1,036.00
1,040.00
1,079.00
1,078.00
1,065.40
1,049.75
1,024.00
999
1,038.00
1,042.80
1,050.80
1,082.25
1,098.50
1,120.00
1,133.40
1,122.00
1,095.00
1,081.00
1,016.00
1,027.00
1,033.95
1,025.70
1,012.00
998
1,009.40
974
973
975.45
1,000.00
994
961
945
926
948
919
934
915.05
911
892
909

1,057.30
1,084.80
1,077.45
1,044.40
1,040.95
1,080.00
1,089.10
1,086.75
1,049.75
1,067.95
1,024.00
1,043.85
1,053.35
1,058.00
1,091.70
1,100.00
1,136.45
1,133.40
1,139.85
1,129.85
1,107.00
1,080.00
1,041.50
1,037.00
1,047.70
1,027.25
1,026.70
1,025.55
1,014.00
979.4
975.45
1,003.00
1,004.80
998.9
957
955
951.1
919
944
940
911
915.95
917

1,037.35
1,041.00
1,034.95
1,011.80
1,021.60
1,043.00
1,072.10
1,060.00
1,049.75
1,024.00
995.6
1,008.20
1,032.00
1,041.00
1,048.30
1,076.90
1,091.65
1,133.40
1,107.95
1,088.10
1,079.40
1,002.30
1,008.70
1,007.90
1,013.55
1,005.45
998
1,004.00
973.25
958.6
975.45
972.1
987.1
951.4
934.05
908.1
932
892.5
920.8
905.5
911
884.05
878.55

1,042.20
1,045.25
1,073.30
1,021.50
1,029.70
1,051.85
1,082.60
1,073.80
1,049.75
1,049.75
1,013.45
1,012.45
1,037.65
1,049.75
1,051.10
1,080.25
1,095.85
1,133.40
1,133.40
1,121.05
1,099.45
1,075.45
1,014.55
1,021.65
1,021.65
1,024.50
1,011.35
1,010.25
1,009.00
966.15
975.45
975.45
995.2
995.45
947.95
949.75
937.2
916.45
930.45
937.9
911
911
884.95

287,200
291,300
390,100
407,100
222,100
200,400
476,900
377,500
0
339,500
288,900
284,200
199,300
262,200
428,000
244,300
326,100
0
331,400
361,700
625,200
802,200
260,800
704,100
444,200
293,100
264,600
294,900
526,700
200,100
0
223,300
284,900
529,100
400,300
463,900
300,400
530,600
455,800
469,600
0
433,300
514,000

1,042.20
1,045.25
1,073.30
1,021.50
1,029.70
1,051.85
1,082.60
1,073.80
1,049.75
1,049.75
1,013.45
1,012.45
1,037.65
1,049.75
1,051.10
1,080.25
1,095.85
1,133.40
1,133.40
1,121.05
1,099.45
1,075.45
1,014.55
1,021.65
1,021.65
1,024.50
1,011.35
1,010.25
1,009.00
966.15
975.45
975.45
995.2
995.45
947.95
949.75
937.2
916.45
930.45
937.9
911
911
884.95

-0.00292
-0.02648
0.049466
-0.008
-0.02128
-0.02882
0.008162
0.022652
0
0.035192
0.000987
-0.02459
-0.01159
-0.00129
-0.02736
-0.01434
-0.03369
0
0.010956
0.019456
0.022071
0.058294
-0.00697
0
-0.00279
0.012919
0.001088
0.001238
0.043396
-0.00958
0
-0.02004
-0.00025
0.048893
-0.0019
0.013302
0.022389
-0.01516
-0.00797
0.0291
0
0.029012
-0.04242

27 Sep, 2013
26 Sep, 2013
25 Sep, 2013
24 Sep, 2013
23 Sep, 2013
20 Sep, 2013
19 Sep, 2013
18 Sep, 2013
17 Sep, 2013
16 Sep, 2013
13 Sep, 2013
12 Sep, 2013
11 Sep, 2013
10 Sep, 2013
9 Sep, 2013
6 Sep, 2013
5 Sep, 2013
4 Sep, 2013
3 Sep, 2013
2 Sep, 2013
30 Aug, 2013
29 Aug, 2013
28 Aug, 2013
27 Aug, 2013
26 Aug, 2013
23 Aug, 2013
22 Aug, 2013
21 Aug, 2013
20 Aug, 2013
19 Aug, 2013
16 Aug, 2013
15 Aug, 2013
14 Aug, 2013
13 Aug, 2013
12 Aug, 2013
9 Aug, 2013
8 Aug, 2013
7 Aug, 2013
6 Aug, 2013
5 Aug, 2013
2 Aug, 2013
1 Aug, 2013
31 Jul, 2013

949
940
945
932.9
961
1,032.05
1,025.00
966
966.9
970.55
943.6
962.5
967
971
959
901.1
868
786
835
814.95
809
812
790
815.9
855
839.9
821
865.3
799
860
895
904
895.4
859.9
883
875.15
874.5
870
893.05
895
919.9
921.25
924

949.35
956.9
955
970
972.7
1,036.90
1,069.00
975
974.9
989.1
961
962.5
977.65
982
959
962.7
907.1
821
838
832.4
827.5
819.9
808.1
823.5
859
865.8
836.45
879.4
834.6
862
896
904
914.25
897.5
891
875.15
884
879.5
896.8
909
920.35
925.75
924

915.7
935
918.9
931
932.7
960.9
1,025.00
963
955
951.8
932.9
941
949
961.6
959
901.1
864.45
780.25
777.55
809.65
797.6
793.15
758.8
800
822.55
821.65
801.9
804.55
790
810.55
855.8
904
886.4
851.3
861.65
875.15
862.5
860.75
862
869.35
884.15
892.35
892

923.3
945.15
937.2
945.45
944
987.3
1,036.90
973.15
962.85
969.8
940.55
951
969.2
969.55
959
959
893.15
817.9
783.85
826.9
804.3
806.7
796.65
803.3
830.35
852.3
830.7
828.65
829.55
815.1
858.6
904
904
893.1
866.25
875.15
875.15
868.1
866.25
902.65
887
913
909.3

574,200
333,700
413,500
326,000
592,900
628,000
651,500
242,600
249,600
493,900
595,300
602,400
375,400
518,700
0
650,900
622,100
491,500
811,800
303,400
768,400
359,600
1,223,800
653,800
690,400
773,100
552,700
1,035,400
697,500
878,400
661,400
0
335,800
405,500
342,500
0
354,000
291,300
252,600
194,600
276,900
547,600
666,600

923.3
945.15
937.2
945.45
944
987.3
1,036.90
973.15
962.85
969.8
940.55
951
969.2
969.55
959
959
893.15
817.9
783.85
826.9
804.3
806.7
796.65
803.3
830.35
852.3
830.7
828.65
829.55
815.1
858.6
904
904
893.1
866.25
875.15
875.15
868.1
866.25
902.65
887
913
909.3

-0.02339
0.008447
-0.00876
0.001535
-0.04485
-0.04902
0.063453
0.010641
-0.00719
0.030625
-0.01105
-0.01896
-0.00036
0.010941
0
0.071137
0.088014
0.042522
-0.05347
0.027711
-0.00298
0.012536
-0.00831
-0.03312
-0.02609
0.02567
0.002471
-0.00109
0.017573
-0.05199
-0.05153
0
0.012131
0.030525
-0.01022
0
0.008088
0.002133
-0.04116
0.01749
-0.02889
0.004061
-0.01879

30 Jul, 2013
29 Jul, 2013
26 Jul, 2013
25 Jul, 2013
24 Jul, 2013
23 Jul, 2013
22 Jul, 2013
19 Jul, 2013
18 Jul, 2013
17 Jul, 2013
16 Jul, 2013
15 Jul, 2013
12 Jul, 2013
11 Jul, 2013
10 Jul, 2013
9 Jul, 2013
8 Jul, 2013
5 Jul, 2013
4 Jul, 2013
3 Jul, 2013
2 Jul, 2013
1 Jul, 2013
28 Jun, 2013
27 Jun, 2013
26 Jun, 2013
25 Jun, 2013
24 Jun, 2013
21 Jun, 2013
20 Jun, 2013
19 Jun, 2013
18 Jun, 2013
17 Jun, 2013
14 Jun, 2013
13 Jun, 2013
12 Jun, 2013
11 Jun, 2013
10 Jun, 2013
7 Jun, 2013
6 Jun, 2013
5 Jun, 2013
4 Jun, 2013
3 Jun, 2013
31 May, 2013

934
930
947
940
972.2
987
961
989
988
1,014.00
1,034.70
1,055.00
1,063.00
1,053.00
1,037.20
1,043.00
1,032.30
1,072.00
1,069.00
1,065.90
1,071.00
1,060.40
1,045.00
1,040.05
1,043.00
1,056.00
1,038.90
1,038.90
1,070.00
1,091.80
1,098.00
1,104.80
1,083.00
1,065.25
1,073.90
1,110.60
1,148.50
1,153.65
1,128.00
1,137.25
1,150.00
1,150.00
1,182.00

944.35
940.5
952
952.15
973
994
977.45
989
992
1,014.00
1,034.70
1,064.90
1,068.35
1,071.55
1,049.80
1,043.00
1,039.90
1,076.80
1,069.90
1,071.35
1,084.60
1,073.80
1,075.10
1,043.00
1,046.35
1,058.00
1,053.00
1,049.95
1,070.00
1,091.80
1,099.00
1,107.00
1,104.40
1,083.05
1,089.50
1,115.00
1,157.05
1,157.65
1,161.00
1,144.15
1,166.45
1,157.00
1,185.80

923
923.3
920.4
928
942.55
982.35
956.7
955.15
955.4
968.5
997.4
1,050.60
1,052.10
1,049.50
1,034.35
1,026.35
1,022.30
1,048.45
1,046.95
1,056.35
1,070.00
1,059.00
1,044.00
1,025.25
1,020.50
1,028.15
1,029.50
1,027.25
1,037.25
1,078.20
1,085.40
1,080.60
1,075.10
1,065.25
1,065.20
1,073.35
1,110.00
1,138.15
1,123.25
1,121.90
1,137.00
1,134.65
1,149.00

926.55
929.9
932.35
935.35
952.85
989.8
974.75
959.05
985.1
980.2
1,003.20
1,062.85
1,061.95
1,058.10
1,038.25
1,034.70
1,027.95
1,051.15
1,064.00
1,063.40
1,079.20
1,069.65
1,069.75
1,032.65
1,026.85
1,033.25
1,049.65
1,043.40
1,045.75
1,086.45
1,091.00
1,101.45
1,101.60
1,067.85
1,081.25
1,076.40
1,118.30
1,141.45
1,153.60
1,134.30
1,140.10
1,144.50
1,154.30

705,700
307,000
408,400
475,900
304,400
551,000
312,400
579,800
851,500
674,000
775,400
182,000
163,800
280,000
237,200
244,800
410,200
585,900
339,900
470,500
353,800
465,000
252,300
382,100
317,200
576,900
632,700
543,000
325,500
152,000
203,100
265,400
281,300
166,600
283,900
308,600
236,500
171,700
203,400
390,800
210,100
171,400
280,200

926.55
929.9
932.35
935.35
952.85
989.8
974.75
959.05
985.1
980.2
1,003.20
1,062.85
1,061.95
1,058.10
1,038.25
1,034.70
1,027.95
1,051.15
1,064.00
1,063.40
1,079.20
1,069.65
1,069.75
1,032.65
1,026.85
1,033.25
1,049.65
1,043.40
1,045.75
1,086.45
1,091.00
1,101.45
1,101.60
1,067.85
1,081.25
1,076.40
1,118.30
1,141.45
1,153.60
1,134.30
1,140.10
1,144.50
1,154.30

-0.00361
-0.00263
-0.00321
-0.01854
-0.03805
0.015322
0.016238
-0.0268
0.004987
-0.02319
-0.05776
0.000847
0.003632
0.018938
0.003425
0.006545
-0.02232
-0.01215
0.000564
-0.01475
0.008889
-9.3E-05
0.035297
0.005632
-0.00621
-0.01575
0.005972
-0.00225
-0.03818
-0.00418
-0.00953
-0.00014
0.031116
-0.01247
0.004496
-0.03819
-0.02049
-0.01059
0.016872
-0.0051
-0.00385
-0.00853
-0.02435

30 May, 2013
29 May, 2013
28 May, 2013
27 May, 2013
24 May, 2013
23 May, 2013
22 May, 2013
21 May, 2013
20 May, 2013
17 May, 2013
16 May, 2013
15 May, 2013
14 May, 2013
13 May, 2013
10 May, 2013
9 May, 2013
8 May, 2013
7 May, 2013
6 May, 2013
3 May, 2013
2 May, 2013
1 May, 2013
30 Apr, 2013
29 Apr, 2013
26 Apr, 2013
25 Apr, 2013
24 Apr, 2013
23 Apr, 2013
22 Apr, 2013
19 Apr, 2013
18 Apr, 2013
17 Apr, 2013
16 Apr, 2013
15 Apr, 2013
12 Apr, 2013
11 Apr, 2013
10 Apr, 2013
9 Apr, 2013
8 Apr, 2013
5 Apr, 2013
4 Apr, 2013
3 Apr, 2013
2 Apr, 2013

1,196.70
1,229.00
1,220.25
1,206.00
1,188.80
1,194.00
1,217.00
1,213.50
1,226.35
1,204.45
1,183.10
1,150.00
1,150.55
1,165.00
1,145.50
1,159.85
1,165.00
1,145.00
1,127.20
1,169.00
1,161.20
1,163.15
1,154.90
1,148.00
1,174.90
1,172.00
1,161.70
1,150.00
1,121.00
1,122.70
1,078.10
1,081.90
1,045.00
1,030.00
1,028.00
1,021.35
997.9
997
997
1,009.90
1,020.00
1,048.90
1,050.00

1,197.90
1,232.10
1,236.90
1,225.00
1,209.90
1,205.85
1,225.95
1,234.00
1,233.90
1,233.65
1,218.00
1,198.35
1,166.00
1,176.45
1,169.85
1,165.00
1,175.90
1,171.95
1,148.50
1,171.00
1,186.75
1,163.15
1,170.00
1,159.60
1,188.00
1,186.85
1,161.70
1,170.00
1,159.00
1,122.70
1,128.20
1,110.25
1,084.00
1,068.55
1,050.80
1,044.90
1,008.00
1,019.90
1,005.60
1,009.90
1,022.85
1,063.00
1,053.20

1,172.20
1,208.40
1,219.00
1,195.00
1,177.70
1,161.90
1,204.00
1,202.10
1,204.05
1,203.20
1,183.10
1,150.00
1,141.70
1,146.00
1,145.50
1,144.85
1,146.25
1,145.00
1,109.65
1,122.45
1,158.80
1,163.15
1,142.10
1,133.55
1,125.30
1,162.45
1,161.70
1,125.20
1,117.65
1,122.70
1,078.10
1,080.00
1,045.00
1,030.00
1,025.45
1,021.35
982.2
983.6
987.1
985
1,003.25
1,025.20
1,039.60

1,182.75
1,215.70
1,232.75
1,219.00
1,204.00
1,173.45
1,210.10
1,210.00
1,208.65
1,228.60
1,205.40
1,191.65
1,148.00
1,150.05
1,166.10
1,152.60
1,158.05
1,163.75
1,144.45
1,130.00
1,171.80
1,163.15
1,163.15
1,149.00
1,144.30
1,177.45
1,161.70
1,161.70
1,147.95
1,122.70
1,122.70
1,097.45
1,079.10
1,047.60
1,044.95
1,039.80
1,004.45
989.95
988.8
997.95
1,009.00
1,030.50
1,047.45

302,000
179,500
319,800
228,300
220,800
256,200
202,300
222,200
228,800
346,400
239,300
378,500
166,600
180,400
201,900
190,600
225,300
256,300
360,100
377,400
295,500
0
340,200
240,700
834,000
403,300
0
368,200
375,200
0
342,800
304,900
305,500
326,100
173,700
426,100
316,000
307,600
211,600
339,800
259,300
207,900
144,700

1,182.75
1,195.70
1,212.47
1,198.95
1,184.19
1,154.15
1,190.19
1,190.09
1,188.77
1,208.39
1,185.57
1,172.05
1,129.11
1,131.13
1,146.92
1,133.64
1,139.00
1,144.60
1,125.62
1,111.41
1,152.52
1,144.01
1,144.01
1,130.10
1,125.47
1,158.08
1,142.59
1,142.59
1,129.06
1,104.23
1,104.23
1,079.40
1,061.35
1,030.37
1,027.76
1,022.69
987.93
973.66
972.53
981.53
992.4
1,013.55
1,030.22

-0.02748
-0.01393
0.011217
0.012382
0.025701
-0.03075
8.26E-05
0.001116
-0.01637
0.019064
0.011473
0.037318
-0.00178
-0.01386
0.011645
-0.00472
-0.00491
0.016723
0.012707
-0.03632
0.007409
0
0.01224
0.004099
-0.02856
0.013467
0
0.011907
0.022241
0
0.022747
0.016862
0.029626
0.002533
0.004941
0.034588
0.014541
0.001162
-0.00921
-0.01101
-0.02108
-0.01631
-0.00414

1 Apr, 2013

1,055.10 1,060.00 1,038.40 1,051.80 361,500

Average Of Log

1,034.50
Numbers

0.000537

Descriptive Statistics

SBI

Mean
Standard Error
Median
Mode
Standard
Deviation
Sample Variance
Kurtosis
Skewness
Range
Minimum
Maximum
Sum
Count

ICICI
0.000869084
0.00122575
0.000198444
0
0.019496745
0.000380123
3.53003166
0.428720943
0.175828227
0.082901759
0.092926468
0.219878296
253

Mean
Standard Error
Median
Mode
Standard
Deviation
Sample Variance
Kurtosis
Skewness
Range

0.000536801
0.001415709
0
0

Minimum
Maximum

0.022518235
0.000507071
1.246679954
0.376301555
0.145773549
0.057759088
0.08801446

Sum
Count

0.135810596
253