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 ($/oz) 29.42 29.53 buyback and cross-holding of equities in CPSEs.Keynote Capitals Institutional Research (email@example.com) (+9122-30266000) Keynote Capitals Institutional Research is also available onBloomberg KNTE <GO>, Thomson One Analytics, Reuters Knowledge, Capital IQ, TheMarkets.com and securities.com Keynote Capitals Institutional Research - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business To unsubscribe from this mailing list, please reply to firstname.lastname@example.org
K E Y N O T E INSTITUTIONAL RESEARCHTOP GAINERS Buzzing Stocks • Adani Power plans to invest Rs 3,000 crore in two(BSE A-Group) years to add 160 megawatt (Mw) solar power to its Previous Current Change exisisting capacity. The company, set to commission Company Name its first 40-Mw solar power plant in Bitta village of Close(`) Price(`) (%) MMTC 519.00 619.75 19.41 Kutch district, Gujarat, has plans to expand it to 100 Mw. Hindustan Copp 187.45 219.70 17.20 • Indian Oil Corporation (IOC) may set up its next JSW Steel 537.00 588.75 9.64 refinery, a 15 million tonnes per annum (mtpa) unit, Gujarat Fluo 356.50 388.85 9.07 on the western coast in Gujarat at an investment of GMR Infra 20.30 22.05 8.62 Rs30,000Cr. • Diamond Power Infrastructure received its first order(BSE Mid-Cap) for Extra High Voltage (EHV) Cable. • JSW Steel has shut down its five-lakh-tonnes-per-year Previous Current Change Company Name capacity in the United Kingdom, and shifted the entire Close(`) Price(`) (%) machinery to its Vijayanagar steel plant in southern TV18 Broadcast 28.10 33.70 19.93 India. Network18 38.70 46.40 19.90 Media • After months of uncertainty, India’s second-largest Delta Corp 56.20 62.05 10.41 two-wheeler manufacturer, Bajaj Auto Ltd (BAL), on Tuesday forayed into the four-wheeler segment with VIP Inds-$ 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 (email@example.com) (+9122-30266000)
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