Keynote capitals india morning note july 24-'12Document Transcript
K E Y N O T E INSTITUTIONAL RESEARCHIndia Morning NoteTuesday, July 24, 2012Domestic Markets Snapshot Views on markets today Name of Index Jul 20 Jul 23 Change (%) • Indian markets fell for the second straight trading Sensex 17,158.44 16,877.35 -1.64% session yesterday to hit their lowest level in four CNX Nifty 5,205.10 5,117.95 -1.67% weeks as stocks fell across the globe on renewed BSE Mid-cap 6,184.10 6,103.25 -1.31% concerns over debt problems in Spain and Greece. BSE IT 5,320.58 5,257.79 -1.18% Investors also booked profits in recently outperformed BSE Banks 12,042.03 11,805.18 -1.97% sectors such as banks after global risk aversion hammered Asian markets. Also, investors are startingFII Activity (`Cr) to grow concerned that the government may not be Date Buy Sell Net able to deliver substantial policy reforms after last 20-Jul 1,696 1,456 377 weeks presidential elections, threatening to undo the 19-Jul 2,031 1,816 377 strong gains in Indian stocks seen last month. BSE Total Jul 36,306 26,813 9794 Sensex shed 281.09 points or 1.64%, off close to 170 2012 YTD 359,831 309,328 50804 points from the days high and up about 30 points from the days low.MF Activity (`Cr) • Metal stocks declined across the board after a Chinese Date Buy Sell Net central bank adviser predicted the nations expansion 19-Jul 559 601 20 may cool to 7.4% this quarter, adding to concern that 18-Jul 495 475 20 the worlds second-biggest economy has yet to bottom Total Jul 5,366 7,267 -1838 out. Indian retailers were among the big decliners on 2012 YTD 68,509 76,255 -7683 media reports that government coalition membersVolume & Advances / Declines Samajwadi Party and leftist parties had written to Prime Minister Manmohan Singh to oppose opening up NSE BSE foreign investments into multi-brand retail outlets. Trading Volume (Cr) 47.88 28.45 Auto stocks declined across the board on speculation Turnover (`Cr) 7,783 3,949 the government will raise fuel prices shortly to lighten Advances 360 990 its subsidy burden and improve fiscal position. Maruti Declines 1,133 1,794 Suzuki India tumbled after the company declared Unchanged 58 108 lockout at its Manesar, Haryana plant after last weeks Total 1,551 2,892 labour unrest.Global Markets • Market breadth was weak at ~0.55x as investors sold Index Latest Values Change (%) large cap stocks. On provisional basis, FIIs bought DJIA 12,721.46 -0.79% equity of `1.09bn while domestic institutions sold equity of `3.54bn in the cash segment. NASDAQ 2,890.15 -1.20% Nikkei * 8,472.62 -0.42% • Asia stocks markets fall, following sharp losses in the Hang Seng * 19,053.47 -2.99% US markets, as fresh worries about Europe took a* as of 8.25AM IST fresh slug at investor confidence.Currencies / Commodities Snapshot • We expect a weak opening for the Indian markets Latest Previous today, following the weak environment in the global Quote Close markets. Indian Rupee per $ 55.92 55.13 Economic and Corporate Developments Indian Rupee per € 67.74 67.68 NYMEX Crude Oil($/bbl) 88.16 88.14 • Oil Marketing Companies to hike petrol prices by 70 Gold ($/oz) 1,575.50 1,577.40 paise per litre from midnight. Silver ($/oz) 26.99 27.04 • Textile companies seek `12,000Cr debt recast.Keynote Capitals Institutional Research (firstname.lastname@example.org) (+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 email@example.com
K E Y N O T E INSTITUTIONAL RESEARCHTOP GAINERS Buzzing Stocks(BSE A-Group) • Maruti may see large-scale layoffs, up to 600 Previous Current Change workers could be fired for Manesar violence. Company Name Close(`) Price(`) (%) • After exiting Axis Bank and Yes Bank, HSBC to sell Shriram Trans 537.45 557.75 3.78 stakes in Karnataka Bank and Federal Bank also. Indian Bank 183.90 190.00 3.32 • Colgate to open new plants in Gujarat and Andhra M&M Fin 674.60 687.95 1.98 Pradesh. Ultratech Cem 1566.95 1596.25 1.87 Zee Entert 149.85 152.55 1.80 • Coal India gets cabinet nod for taking over closed unit of FCI in Orissa.(BSE Mid-Cap) • Lupin to challenge Pregabalin ruling by US court. Previous Current Change Company Name • Aurobindo Pharma gets USFDA nod for generic Close(`) Price(`) (%) Shree Global Trd 78.35 86.15 9.96 Metformin tablets. Puravankara Proj 63.10 66.35 5.15 • Dabur India increases its ad spends. BAJFINANCE 1008.40 1057.80 4.90 US markets MTNL 25.20 25.90 2.78 US markets dropped sharply overnight but pared steep Bajaj Hind 32.45 33.35 2.77 losses from earlier in the session, as worries about Europe’s fiscal health flared back up, pushing U.S.TOP LOSERS Treasury yields to new lows and boosting the dollar.(BSE A-Group) Previous Current Change Company Name Close(`) Price(`) (%) Crompton Greav 130.10 118.15 -9.19 Pantaloon Retl 190.00 175.00 -7.89 HDIL 81.90 76.25 -6.90 Godrej Inds 246.00 232.00 -5.69 Maruti Suzuki 1144.55 1079.90 -5.65(BSE Mid-Cap) Previous Current Change Company Name Close(`) Price(`) (%) Pantaloon Retl 190.00 175.00 -7.89 HDIL 81.90 76.25 -6.90 Godrej Inds 246.00 232.00 -5.69 Shriram City Uni 735.50 695.00 -5.51 GVK Power 14.60 13.80 -5.48Keynote Capitals Institutional Research (firstname.lastname@example.org) (+9122-30266000)
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 24/Jul 25/Jul 26/Jul 27/Jul India Forex Reserves Data Bank Loan Growth US Housing Price MBA Mortgage Durable Goods Orders GDP Annualized & Index (MoM) Applications (Jul 20) (Jun) GDP Purchase Price Index Markit EIA Crude Oil Stocks Initial Jobless Claims Reuters / Michigan Manufacturing PMI change (Jul 20) (Jul 21) Consumer Sentiment Index Global Eurozones Markit EURO Consumer EURO Gfk Consumer Germany Consumer PMI Composite Confidence (Jul) Confidence Survey Price Index (YoY & (Aug) MoM) Japans EUROIFO - Business EURO EcoFin Meeting Germany Retail Merchandise Trade Climate (Jul) Sales (YoY & MoM) Balance Total UK Gross Domestic Product (QoQ) (Q2) KEYNOTE CAPITALS LTD. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: +91-22-30266000, Fax: +91-22-30266088 • 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.