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Keynote capitals india morning note january 4-'12

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  • 1. K E Y N O T E  INSTITUTIONAL  RESEARCHIndia Morning NoteWednesday, January 4, 2012Domestic Markets Snapshot Views on markets today Name of Index Jan 2 Jan 3 Change (%) • Indian markets rose sharply yesterday and closed on positive note, riding on a global rally, as investors Sensex 15,517.92 15,939.36 2.72% recovered some of their losses over last few days after CNX Nifty 4,636.75 4,765.30 2.77% Asian equities rose on strong manufacturing data. The BSE Mid-cap 5,131.60 5,256.02 2.42% markets rallied, after yesterdays positive close for BSE IT 5,822.49 5,954.12 2.26% European markets provided very strong cues to Asian markets. European markets closed with sharp gains BSE Banks 9,178.05 9,576.99 4.35% Monday, after Germanys manufacturing PMIFII Activity (`Cr) recovered, though still below important 50 level. Strong PMI for China also helped the markets to report Date Buy Sell Net gains. Most of the Indian shares which declined for last 2-Jan 472 511 -39 few days saw bargain hunting from the investors and 30-Dec 979 1,066 -87 gained sharply. These sectors include capital goods, Total Jan 472 511 -39 metals, banks and real estate. BNP Paribas forecast 2012 YTD 472 511 -39 the BSE index to trade in a range of 14,000-19,000 in the coming months and touch 18,500 by the end ofMF Activity (`Cr) 2012, helped by decline in inflation and interest rates Date Buy Sell Net and "eventual recovery" in some areas of infrastructure construction. Traders are expecting a 2-Jan 187 242 -55 revival in foreign inflows after the government said on 30-Dec 306 305 1 Sunday it would allow individual foreign investors to Total Jan 187 242 -55 directly buy stocks from Jan. 15. It was the latest step 2012 YTD 187 242 -55 to liberalize the Asian economy after a year of big losses in the stock market. Tata Steel Ltd rose 6.1%Volume & Advances / Declines after Credit Suisse upgraded the worlds No. 7 NSE BSE steelmaker to neutral from underperform, citing valuation comfort at current levels. Religare Trading Volume (Cr) 52.21 18.55 Enterprises ended up 5.2% after the financial services Turnover (`Cr) 8210 1850 provider said late on Monday private equity firm Jacob Advances 1,237 2,019 Ballas Ltd would invest `2bn in unit Religare Finvest. Declines 237 740 • Market breadth was strong at ~2.73x as investors Unchanged 69 109 bought large cap stocks. Both FIIs and domestic Total 1,543 2,868 institutions bought equities of `2.55bn and `2.06bn, respectively.Global Markets • Asian markets are mixed today, as the Japanese Nikkei Index Latest Values Change (%) is strong while the Hang Seng gave up early gains and DJIA 12,397.38 1.5% trading lower today after investors booked profits. NASDAQ 2,648.72 1.7% • We expect a positive opening for the Indian markets, Nikkei * 8,560.53 1.2% following the strong cues from the US and some of the Asian markets. However, investors may book profits Hang Seng * 18,857.11 -0.1% on account of rising uncertainties in the domestic and* as of 8.25AM IST global economies.Currencies / Commodities Snapshot Economic and Corporate Developments Latest Previous • Corporate Affairs Minister Veerappa Moily said the Quote Close Companies Bill is expected to be cleared in the Indian Rupee per $ 53.23 53.31 forthcoming Budget Session despite its withdrawl after Indian Rupee per € 69.45 69.48 being tabled in the winter session. NYMEX Crude Oil($/bbl) 102.84 102.96 • The government is likely to give green signal to the Gold ($/oz) 1,601.50 1,600.50 proposal of the Department of Disinvestment (DoD) to help it raise `40,000Cr through innovative means like Silver ($/oz) 29.42 29.53 buyback and cross-holding of equities in CPSEs.Keynote Capitals Institutional Research (research@keynotecapitals.net) (+9122-30266000) Keynote Capitals Institutional Research is also available onBloomberg KNTE <GO>, Thomson One Analytics, Reuters Knowledge, Capital IQ, TheMarkets.com and securities.com Keynote Capitals Institutional Research - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business To unsubscribe from this mailing list, please reply to unsubscribe@keynotecapitals.net
  • 2.                                   K E Y N O T E  INSTITUTIONAL  RESEARCHTOP GAINERS Buzzing Stocks • Adani Power plans to invest Rs 3,000 crore in two(BSE A-Group) years to add 160 megawatt (Mw) solar power to its Previous Current Change exisisting capacity. The company, set to commission Company Name its first 40-Mw solar power plant in Bitta village of Close(`) Price(`) (%) MMTC 519.00 619.75 19.41 Kutch district, Gujarat, has plans to expand it to 100 Mw. Hindustan Copp 187.45 219.70 17.20 • Indian Oil Corporation (IOC) may set up its next JSW Steel 537.00 588.75 9.64 refinery, a 15 million tonnes per annum (mtpa) unit, Gujarat Fluo 356.50 388.85 9.07 on the western coast in Gujarat at an investment of GMR Infra 20.30 22.05 8.62 Rs30,000Cr. • Diamond Power Infrastructure received its first order(BSE Mid-Cap) for Extra High Voltage (EHV) Cable. • JSW Steel has shut down its five-lakh-tonnes-per-year Previous Current Change Company Name capacity in the United Kingdom, and shifted the entire Close(`) Price(`) (%) machinery to its Vijayanagar steel plant in southern TV18 Broadcast 28.10 33.70 19.93 India. Network18 38.70 46.40 19.90 Media • After months of uncertainty, India’s second-largest Delta Corp 56.20 62.05 10.41 two-wheeler manufacturer, Bajaj Auto Ltd (BAL), on Tuesday forayed into the four-wheeler segment with VIP Inds-$ 77.70 85.00 9.40 intra-city passenger carrier RE60. SREI Infra 24.30 26.55 9.26 • Tata-owned Jaguar Land Rover (JLR) plans to double the size of its Merseyside factory and create 1,500TOP LOSERS new jobs in a major boost to the UK coalition governments drive to rebalance the economy.(BSE A-Group) • The Delhi High Court today imposed a cost of Rs 2 Previous Current Change lakh on realty major DLF while dismissing its plea Company Name against market regulator Sebis order to probe an Close(`) Price(`) (%) Redington India 83.00 79.80 -3.86 allegation that it duped a city-based businessman of Rs 34 crore in collusion with its associate firm Sudipti Gitanjali Gems 312.45 301.30 -3.57 Estates. OIL INDIA 1176.70 1139.20 -3.19 • The government approved Reliance Industries (RIL) BPCL 479.85 473.75 -1.27 $1.529 billion investment plan for developing four Mahindra & satellite fields in the flagging KG-D6 block after sitting 673.85 666.50 -1.09 Mahindra on the proposal for months.(BSE Mid-Cap) US Markets Previous Current Change U.S. stocks on Tuesday celebrated the start of a new Company Name Close(`) Price(`) (%) trading year with gains of about 1.5% after a gauge of Shri Ganesh Spi 0.62 0.59 -4.84 U.S. manufacturing hit a six-month high, adding to cheer Novartis India 651.05 623.65 -4.21 that began with solid data from overseas. Shriram City Uni 490.00 471.00 -3.88 The Dow Jones Industrial Average ended up 179.82 points, or 1.5%, to 12,397.38. The S&P 500 Index Redington India 83.00 79.80 -3.86 advanced 19.46 points, or 1.6%, to 1,277.06. The Nasdaq Gitanjali Gems 312.45 301.30 -3.57 Composite Index climbed 43.57 points, or 1.7%, to 2,648.72.Keynote Capitals Institutional Research (research@keynotecapitals.com) (+9122-30266000)
  • 3.                                   K E Y N O T E                                                                                                                                       INSTIT UT IONAL     R ES EAR C H  India and Global Economic Calendar Countries / Tuesday Wednesday Thursday Friday Regions 3/Jan 4/Jan 5/Jan 6/Jan India Weekly Inflation Data Forex Reserves Data Weekly Supplement of RBI US ISM Manufacturing Factory order, Vehicle Automatic Data Average Hourly Index Sales Processing Earnings (YoY & MoM) Employment change Construction Continuing Jobless Average weekly Hours Spending (MoM) Claims Construction Institute for Supply Nonfarm Payrolls Spending Data Mangement Non- Manufacturing Energy Information Unemployment Rate Administration Initial Jobless Claims Global UK Purchasing Germany Service PMI UK Purchasing Switzerland Consumer Manager Index Managers Index Price Index (YoY & Manufacturing services MoM) Germany UK consumer credit, UK Halifax House European Monetary Unemployment Construction PMI, M3 Prices (MoM) Union Consumer Rate money supply and Confidence, Economic Mortgage Approval data Confidence & Industrial Confidence Eurozone Producer European Monetary price Index (YoY) Union Retail Sales (YoY & MoM) Eurozone Unemployment Rate Canada Unemployment Rate & Net Change in Employment Germany Factory Orders (YoY) Germany Factory Orders (MoM) 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.

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