Keynote capitals india morning note march 06-12Document Transcript
K E Y N O T E INSTITUTIONAL RESEARCHIndia Morning NoteTuesday, March 06, 2012Domestic Markets Snapshot Views on markets today Name of Index 3-Mar 5-Mar Change (%) • The Indian markets remained under pressure all Sensex 17,636.99 17,362.87 -1.55% throughout the day and registered its lowest closing CNX Nifty 5,359.40 5,280.35 -1.47% level in more than a month. The Sensex began the session 39 points lower at 17598 on the back of BSE Mid-cap 6,359.29 6,271.17 -1.39% negative global cues. The index slipped further and BSE IT 6,118.39 6,051.16 -1.10% extended losses on all-round selling. Weak European BSE Banks 12,022.08 11,706.88 -2.62% cues further led the index to touch an intraday low ofFII Activity (`Cr) 17312 in the mid-afternoon session. The Sensex closed 274 points lower at 17363. and the Nifty stood Date Buy Sell Net at 5280, down by 79 points. Heavyweights like ICICI 2-Mar 2,385 1,783 602 Bank, RIL, Infosys, SBI, HDFC, L&T, HDFC Bank 1-Mar 2,437 2,161 276 dragged the markets. Investors remained cautious Total Mar 4,822 3,944 878 ahead of the UP assembly election results. 2012 YTD 145,752 106,382 39370 All the sectoral indices fell except BSE FMCG up byMF Activity (`Cr) 0.26%. Top losers were BSE Realty down by 3.26%, Date Buy Sell Net BSE Metal down by 3.06% and BSE Bankex down by 2-Mar 398 548 -150 2.62%. Among A group stocks, top gainers were Reliance Infrastructure up 5.52%, Reliance Power up 1-Mar 464 655 -191 5.00% and Zee Entertainment Enterprises advanced Total Mar 862 1,206 -343 by 4.02%. Top losers were United Spirits dipped by 2012 YTD 26,224 30,597 -4373 6.82%, Sintex Industries fell by 6.76% and EIHVolume & Advances / Declines dropped by 6.74%. NSE BSE • Market breadth was weak at ~0.53x as investor sold Trading Volume (Cr) 66.59 23.74 large cap stock. On provisional basis, FIIs bought Turnover (`Cr) 10,760 2,456 equity of `1.26Bn and domestic institutions sold equity of `2.58Bn. Advances 427 986 Declines 1,068 1,844 • Asian markets fell Tuesday, led by steel stocks, as Unchanged 56 111 concerns rose over growth after US supply index and Chinas cut in growth forecast. Total 1,551 2,941Global Markets • We expect a weak opening for the Indian markets, following the cues from the Asian markets today. Index Latest Values Change (%) However, the markets may remain volatile for the DJIA 12,962.81 -0.11% trading session, as Uttar Pradesh vote counting gets NASDAQ 2,950.48 -0.86% underway. Nikkei * 9,656.37 -0.44% Economic and Corporate Developments Hang Seng * 20,963.38 -1.42%* as of 8.25AM IST • An Empowered Group of Ministers (EGoM) decided toCurrencies / Commodities Snapshot allocate 700 MHz spectrum band for offering fourth- Latest Previous generation or 4G telecom services. Quote Close • Iran is likely to supply 5,000 MW of electricity to India Indian Rupee per $ 49.67 49.84 as power exports are more cost- efficient, an Iranian Indian Rupee per € 65.60 65.87 media report said. NYMEX Crude Oil($/bbl) 106.80 106.72 Gold ($/oz) 1,708.70 1,703.00 Silver ($/oz) 34.03 33.65Keynote 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) • Tata Power on Monday formed a joint venture with a Previous Current Change Company Name South African mining company, Exxaro. The 50:50 Close(`) Price(`) (%) Reliance Infra 621.85 656.15 5.52 joint venture will be called Cennergi (Pty) and will Reliance Power 128.90 135.35 5.00 look for electricity generating opportunities across Zee Entert 135.70 141.15 4.02 South Africa, Botswana and Namibia. South Africa- Syndicate Bank 108.80 112.50 3.40 based Cennergi will focus on the investigation of feasibility, development, ownership, operation, Castrol India 490.80 507.15 3.33 maintenance, acquisition and management of power(BSE Mid-Cap) generation projects. Previous Current Change • Shriram EPC would acquire a 68% stake in Sree Company Name Close(`) Price(`) (%) Jayajothi Cements Ltd, along with its group Glodyne Tech 228.90 242.85 6.09 companies. The acquisition will be done by Shriram Himadri Chem 40.00 42.00 5.00 EPC and a special purpose vehicle (SPV) floated by Kwality Dairy 37.10 38.80 4.58 other Shriram Group companies. According to a 3M India 3794.35 3955.00 4.23 senior official in the company, the SPV will rope in an Honeywell Auto 2990.20 3106.00 3.87 outside investor, including private equity later.TOP LOSERS • The Electronics Division of Bangalore-based Bharat Heavy Electricals Limited (BHEL) has set a new(BSE A-Group) record in its solar photovoltaic business in a single Previous Current Change year, by commissioning 13 Mw of solar power plants Company Name Close(`) Price(`) (%) in various parts of the country during the current United Spirits 558.85 520.75 -6.82 financial year. Sintex Inds 84.35 78.65 -6.76 • Indian Oil Corporation ltd (IOCL) has signed a pact EIH 98.60 91.95 -6.74 with the Dhamara Port Corporation Ltd (DPCL) to Hindustan Copp 302.55 283.65 -6.25 develop a Liquefied Natural Gas (LNG) terminal Pantaloon Retl 184.00 172.60 -6.20 inside the port area at an investment of Rs 10,000 crore.(BSE Mid-Cap) • Reliance Communications is understood to have Previous Current Change Company Name bagged a project worth Rs 300 crore from the Close(`) Price(`) (%) Sintex Inds 84.35 78.65 -6.76 Unique Identification Authority of India (UIDAI) for EIH 98.60 91.95 -6.74 managing the network and subscriber numbers. Pantaloon Retl 184.00 172.60 -6.20 US markets Indiabulls Fin 231.30 217.10 -6.14 U.S. stocks declined Monday after poor numbers of U.S. Hindustan Const 28.55 27.00 -5.43 services-sector gauge rose concerns over economic recovery. The Dow Jones Industrial Average lost 14.76 points, or 0.1%, to 12,962.81. The S&P 500 Index declined 5.3 points, or 0.4%, to 1,364.33. The Nasdaq Composite fell 25.71 points, or 0.9%, to 2,950.48.Keynote 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 / Tuesday Wednesday Thursday Friday Regions 6/Mar 7/Mar 8/Mar 9/Mar Results of Uttar Forex Reserves Data India Pradesh Assembly Elections Weekly Supplement of RBI Consumer Credit Trade Balance & US Unemployment rate ADP employment Average Weekly change Hours Average Hourly Earnings (YoY & MoM) Nonfarm Payrolls & Wholesale Inventories UK retail sales Germany IIP UK Bank of england UK Producer Price Global Interest rate Index - Input (YoY & MoM) n.s.a UK home sales Japan economic index UK Producer Price & GDP Index - Output (YoY& MoM)) n.s.a Goods Trade Balance & Trade Balance; non-EU UK Manufacturing & IndustrialProduction (YoY & MoM) China Consumer Price Index & Producer Price Index (YoY) China Industrial Production & Retail Sales (YoY) UK NIESR GDP Estimate (3M) 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.