Keynote capitals india morning note january 12-'12Document Transcript
K E Y N O T E INSTITUTIONAL RESEARCHIndia Morning NoteThursday, January 12, 2012Domestic Markets Snapshot Views on markets today Name of Index Jan 10 Jan 11 Change (%) • Indian markets registered small gains yesterday to Sensex 16,165.09 16,175.86 0.07% attain their highest level in more than 4-1/2 weeks ahead of industrial output data and quarterly results of CNX Nifty 4,849.55 4,860.95 0.24% Infosys and HDFC. The market regained positive BSE Mid-cap 5,451.08 5,505.52 1.00% terrain after slipping into the red after hitting one- BSE IT 5,916.47 5,832.20 -1.42% month high at the onset of the trading session. The BSE Banks 10,027.62 10,140.36 1.12% key benchmark indices alternately moved between the positive and negative terrain in morning trade. TheFII Activity (`Cr) market trimmed gains after strengthening in mid- Date Buy Sell Net morning trade. The upward movement was mainly led 10-Jan 2,783 2,378 405 by gain in real estate, metal, oil & gas and banks 9-Jan 1,789 1,777 12 stocks while IT and FMCG stocks witnessed some selling pressure. Retailers rallied a day after the Total Jan 12,340 10,805 1536 government formally eliminated restrictions on foreign 2012 YTD 12,340 10,805 1536 investment in the single-brand retail sector, raisingMF Activity (`Cr) hopes that rules for multi-brand retail will also be liberalised soon. Interest rate sensitive realty and Date Buy Sell Net banking stocks rose on expectations that the Reserve 10-Jan 508 441 67 Bank of India (RBI) will start cutting interest rates in 9-Jan 253 220 33 the coming months to prop up slowing economy. Metal Total Jan 2556 2591 -35 stocks rose amid continued anticipation of further 2012 YTD 2,556 2,591 -35 monetary policy easing from China. Suzlon Energy rose 4.33% after it said its Brazilian unit got an orderVolume & Advances / Declines to set up, run and maintain a 24 megawatt wind power NSE BSE project. Trading Volume (Cr) 79.83 28.75 • Market breadth was strong at ~1.96x as investors Turnover (`Cr) 11,716 2,621 bought large cap stocks. On provisional basis, FIIs bought equities worth `4.31bn while domestic Advances 1,030 1,868 institutions sold equities of `1.82bn. Declines 471 951 • Asian markets are mixed today, following the flat cues Unchanged 54 117 from the US markets. Japanese stocks fall, after a Total 1,555 2,936 sharp correction in current-account surplus by 86%Global Markets while Chinese stocks are positive, after inflation eased slightly for previous month. Index Latest Values Change (%) DJIA 12,359.92 -0.5% • We expect a cautious opening for the Indian markets, ahead of the earnings of Infosys and HDFC and index NASDAQ 2,674.22 0.2% of industrial production data. IIP is likely to grow for Nikkei * 8,390.35 -1.2% November 2011, after a sharp decline of 5.1% in Hang Seng * 18,593.06 -1.2% October 2011, according to Reuters Poll of economists.* as of 8.25AM IST Economic and Corporate DevelopmentsCurrencies / Commodities Snapshot • Industrial output is expected to rise 2.2% in Nov. 2011 Latest Previous • The government has told refiners to reduce Iranian oil Quote Close imports and find alternatives as New Delhi may not Indian Rupee per $ 51.90 51.71 seek a waiver that would protect buyers of Tehrans oil Indian Rupee per € 66.03 65.95 from a fresh round of US sanctions. NYMEX Crude Oil($/bbl) 101.45 100.87 • Non-food credit offtake went up by just 16.1% to Gold ($/oz) 1,644.70 1,639.60 `44.99 lakh crore during the year ended December 30, Silver ($/oz) 30.04 29.89 2011, reflecting the impact of the high interest rate regime.Keynote Capitals Institutional Research (email@example.com) (+9122-30266000) Keynote Capitals Institutional Research is also available onBloomberg 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 firstname.lastname@example.org
K E Y N O T E INSTITUTIONAL RESEARCHTOP GAINERS Buzzing Stocks(BSE A-Group) • Nalco officers to go on hunger strike from January Previous Current Change 30. Company Name Close(`) Price(`) (%) • Reliance Communications, which has a $925mn HDIL 62.55 70.80 13.19 convertible bonds maturing in March in loan talks ADANI POWER 69.10 77.15 11.65 with Chinese bank. Wockhardt 304.10 336.85 10.77 • Subhiksha promoter files `500Cr defamation case Adani Enter 283.40 312.05 10.11 against Azim Premji. IB Real Est 52.40 56.15 7.16 • FY12 order inflows for L&T may decline 6-9%,(BSE Mid-Cap) according to analysts. Previous Current Change • ITC expects food business growth to slow in FY13. Company Name Close(`) Price(`) (%) Sunteck Realty 257.30 292.00 13.49 • NMDC signs `509Cr contract for steel plant. HDIL 62.55 70.80 13.19 US markets Wockhardt 304.10 336.85 10.77 US stocks largely erased the intra-day losses, as KSK Energy 40.45 44.45 9.89 investor optimism over earnings and improving US INDIAB POWER 10.38 11.34 9.25 economy countered the European debt worries. After falling as much as 63 points, the Dow JonesTOP LOSERS Industrial Average closed down 13.02 points, or 0.1%,(BSE A-Group) at 12,449.45. The S&P 500 recovered from losses close Previous Current Change to 0.4% to end flat with a rise of 0.03%, as the rally was Company Name Close(`) Price(`) (%) led by materials while energy lagged among its 10 Hindustan Copp 303.75 286.40 -5.71 industry sectors. That was its highest close since July MMTC 981.65 951.50 -3.07 28. The Nasdaq Composite added 8.26 points to TCS 1166.80 1137.15 -2.54 2,710.76. Grasim Inds 2455.55 2397.10 -2.38 Educomp Sol 220.30 215.20 -2.32(BSE Mid-Cap) Previous Current Change Company Name Close(`) Price(`) (%) HMT 45.00 43.00 -4.44 CHOLAFIN 133.00 127.40 -4.21 Rallis India 127.60 123.50 -3.21 GVK Power 14.03 13.59 -3.14 Allcargo Logistics 132.00 128.75 -2.46Keynote Capitals Institutional Research (email@example.com) (+9122-30266000)
K E Y N O T E INSTIT UT IONAL R ES EAR C H India and Global Economic Calendar Countries / Thursday Friday Monday Tuesday Regions 12/Jan 13/Jan 16/Jan 17/Jan India Weekly Inflation Data Forex Reserves Data Inflation Data for the month of December 2011 IIP Data for the month Weekly Supplement of November 2011 of RBI Bank Loan Growth US Retail sales Import Price Index NY Empire State (YoY & MoM) Manufacturing Index Initial jobless claims Trade Balance Reuters/ Michigan Consumer Sentiment Index Global UK industrial UK Producer Price Germany Wholesale UK Consumer Price production Index - Input (YoY & Price Index (MoM) Index (MoM) and MoM) n.s.a and (YoY) (YoY) UK Manufacturing UK Producer Price Japan Consumer UK Retail Price Index Production Index - Output (YoY & Confidence Index (MoM) and (YoY) MoM) n.s.a ECB and BoE Interest China Retail Sales & Germany ZEW Survey Rate Decision Industrial Production - Economic Sentiment (YoY) Eurozone Industrial Eurozone Trade Production Balance KEYNOTE CAPITALS LTD. 4th Floor, Balmer Lawrie Building, 5, J. N. Heredia Marg, Ballard Estate, Mumbai 400 001. INDIA Tel. : 9122-2269 4322 / 24 / 25 • www.keynotecapitals.comDisclaimer: This report is purely for information purpose and is based on public information. News content is attributable tovarious media, 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 tomake an offer, to buy or sell the securities mentioned herein. We or any of our directors, officers or employees shall not in anyway be responsible for any loss arising from the use of this report. Investors are advised to apply their own judgment beforeacting on the contents of this report. The report has not been edited due to time constraints.