Keynote capitals india m orning note 20130328

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Keynote capitals india m orning note 20130328

  1. 1. India Morning NoteMonday, March 28, 2013Domestic Markets Snapshot Views on markets today Name of Index Previous Close Current Value Change Key Benchmark indices just about managed to snap a seven- day losing streak, as a 3%-decline in index heavyweight Sensex 18,681.42 18,704.53 0.12% Reliance Industries erased much of the gains. The BSE- CNX Nifty 5,633.85 5,641.60 0.14% Sensex closed at 18704.53, up 23.11 points and the NSE Nifty BSE Mid-cap 6,060.15 6,053.50 -0.11% at 5641.60, up 7.75 points. There was no respite for midcap BSE IT 6,777.45 6,807.80 0.45% and small cap shares, which continued to slide in the absence of any buying support. BSE Banks 12,781.91 12,820.89 0.30%FII Activity (`Cr) Shares in Jet Airways India fall nearly 3% and SpiceJet Ltd shares drop 3.4% after Indias Foreign Investment Promotion Date Buy Sell Net Board (FIPB) approves AirAsia’s proposal to set up a joint 25-Mar 3,410 2,603 807 venture in India, raising concerns about increased competition. 22-Mar 3,134 2,930 204 Shares also fell after Airports Authority of India says it will form a joint venture with local airlines and oil companies to supply jet Total Mar 53255 44230 9025 fuel, expecting to reduce airlines fuel costs by at least 10%. 2013 YTD 56665 46834 9832 GAIL (India) fell 3.49% to Rs 303 on BSE on media reports thatMF Activity (`Cr) Tamil Nadu government has blocked work on Kochi-Bengaluru Date Buy Sell Net gas pipeline amid opposition from farmers in Tamil Nadu. 25-Mar 442 616 -174 Mahindra Satyam fell 1.39% to Rs 120.80 on BSE after the 22-Mar 555 544 11 company said its board has extended the proposed merger of Total Mar 6,303 7,879 -1576 the company with Tech Mahindra by six months till 30 2013 YTD 6746 8495 -1750 September 2013. The announcement was made after market hours on Monday, 25 March 2013. Shares of Tech MahindraGlobal Markets were down 1.97% at Rs 1,025.20. Latest Values Change(%) Index Among the 13 sectoral indices, six sectors closed in negative DJIA 14,538.83 0.63% while seven sectors closed in positive Top Gainers: BSE Nasdaq 3,246.96 0.36% Consumer Durables up by 1.59%, BSE FMCG by 1.13% and BSE Teck by 0.66%. Top Losers: BSE Oil & Gas down by Nikkei 12,471.62 -0.60% 2.06%, BSE Realty by 1.95% and BSE Capital goods by Hang Seng 22,311.08 0.27% 1.85%.* as of 8.25AM IST Market breadth was negative at ~0.88 as investors sold large cap stocks. On provisional basis, FII bought equity of Rs5.38bn and domestic institutions sold equity of Rs1.24bn in cashCurrency Snapshot segment. Future contract RBI Economic and Corporate Developments Latest Previous expire on Reference Capital market regulator SEBI today said new guidelines to Quote Close curb insider trading and new rules for share buyback would be 27/03/13 Rate announced shortly. "We will shortly come out with new norms Indian Rupee per $ 54.70 54.79 54.27 to check insider trading and new guidelines for share buyback," said SEBI chairman U K Sinha, adding that the existing insider Indian Rupee per € 70.39 69.85 69.88 trading regulations were old. Indian Rupee per £ 82.88 82.79 82.49 Fitch Ratings has taken rating actions on the three largest Indian Rupee per ¥ 57.96 58.26 57.63 Cyprus banks following the agreement the Eurogroup reached with the Cyprus authorities on Monday morning as a precondition to provide 10 billion euros ($12.8 billion) in * NSE Exchange financial assistance to Cyprus Keynote Capitals Research(research@keynotecapitals.net) (+9122-30266000) Keynote Capitals Research is also available on Bloomberg KNTE <GO>, Thomson One Analytics, Reuters Knowledge, Capital IQ, TheMarkets.com and securities.com Keynote Capitals Institutional Research - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business To unsubscribe from this mailing list, please reply to unsubscribe@keynotecapitals.net
  2. 2. Buzzing StocksTOP GAINERS Close on the heels of raising $1 billion, Index Heavyweight (BSE A-Group) Bharti Airtel said it has garnered another $500 million through a bond issue mostly to pay off high interest loans Previous Current Change and fund capex needs. The company, had on March 11 Company Name Close Price (%) raised $1 billion through a 10-year bond issue. AstraZeneca 620.50 641.45 3.38% Rural Electrification Corporation jumped 6.64% to Rs 208.70 Rural Electrific Pharma I 195.70 202.10 3.27% on BSE on bargain hunting after the stock tumbled 17.77% Satyam Computer 122.50 126.35 3.14% in the preceding twelve trading sessions to Rs 195.70 on 25 Bharti Airtel 288.45 297.05 2.98% March 2013 from a recent high of Rs 238 on 7 March 2013. ING Vysya Bank 534.60 550.35 2.95% Sintex Industries gained 2.45% to Rs 43.90 on BSE on (BSE Mid-Cap) bargain hunting after sliding 26.18% in prior eight trading sessions. Previous Current Change Company Name Close Price (%) TCS rose 0.88% to Rs 1,558.70 on BSE after the company Salora Intl 13.90 16.68 20.00% said it has bagged a contract from Southern Water to implement a customer services and revenue transformation Shardul Sec 28.75 34.50 20.00% programme for the latter. KM Sugar 1.20 1.44 20.00% Innovative Tech 16.32 19.55 19.79% IRB Infrastructure Developers rose 1.75% to Rs 113.45 on Vindhya Tele 155.30 185.95 19.74% BSE after the company said its wholly-owned unit executed concession agreement with the National Highways Authority TOP LOSERS of India for a road project. (BSE A-Group) Previous Current Change Company Name Close Price (%) Bil Energy Systems 74.00 7.05 -90.47% L SAL Steel 2.46 2.05 -16.67% Sangam Advisors 24.20 20.25 -16.32% Advik Laboratori 4.24 3.59 -15.33% Impex Ferro Tech 3.65 3.12 -14.52% Ltd (BSE Mid-Cap) Previous Current Change Company Name Close Price (%) SAL Steel 2.46 2.05 -16.67% Advik Lab 4.24 3.59 -15.33% Impex Ferro 3.65 3.12 -14.52% Sowbhagya Media 11.08 9.50 -14.26% Ecoboard Inds 3.69 3.17 -14.09%Disclaimer: This report is purely for information purpose and is based on public information. News content is attributable to various med ia,unless specified otherwise. All market related statistical data pertains to the immediately preceding trading day, unless stated otherwise.Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to make an offer, to buy or sell thesecurities mentioned herein. We or any of our directors, officers or employees shall not in any way be responsible for any loss arising fromthe use of this report. Investors are advised to apply their own judgment before acting on the contents of this report. The report has notbeen edited due to time constraints.

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