Keynote capitals india morning note march 13-'12

K E Y N O T E INSTITUTIONAL RESEARCHIndia Morning NoteTuesday, March 13, 2012Domestic Markets Snapshot Views on markets today Name of Index Mar 9 Mar 12 Change (%) • I Indian markets ended a volatile session on positive Sensex 17,503.24 17,587.67 0.48% note yesterday as banks such as State Bank of India CNX Nifty 5,333.55 5,359.55 0.49% advanced after last weeks surprise cut in the reserve BSE Mid-cap 6,330.15 6,397.06 1.06% requirement ratio, while stronger-than-expected industrial output data boosted some of the countrys BSE IT 6,132.38 6,067.27 -1.06% manufacturers. Industrial production grew 6.8% in BSE Banks 12,086.53 12,233.86 1.22% January 2012 from a year earlier, sharply higher thanFII Activity (`Cr) a revised 2.5% rise in December 2011, helped by a Date Buy Sell Net strong rebound in manufacturing output. 9-Mar 4,064 2,709 1355 Manufacturing output, which has a 75.5% weight in 7-Mar 2,360 2,656 -296 the index of industrial production, rose 8.5% from a year earlier in January. Electricity production increased Total Mar 15,747 13,785 1962 3.2% from a year earlier in January while capital goods 2012 YTD 156,677 116,223 40454 output shrank 1.5%. The BSE Mid-Cap index gainedMF Activity (`Cr) 1.06% and the BSE Small-Cap index rose 0.7%. Both Date Buy Sell Net these indices outperformed the Sensex. Except IT and 7-Mar 472 657 -185 pharma, all sectoral indices closed on positive note 6-Mar 554 525 29 with capital goods, consumer durable, real estate and oil & gas stocks were major gainers. Textile stocks Total Mar 2,304 2,946 -643 were mostly lower after trade secretary Rahul Khullar 2012 YTD 27,666 32,337 -4672 told reporters on Monday a panel of ministers willVolume & Advances / Declines likely review a halt on fresh cotton exports from India NSE BSE in two weeks. Arvind Mills, Jindal Cotex, Alok Industries Trading Volume (Cr) 76.73 23.54 and Ruby Mills fell by between 0.94% to 3.23%. After saying it was lifting a ban on overseas sales of the Turnover (`Cr) 14,569 2,354 fibre on the weekend, Khullar said on Monday no fresh Advances 883 1,599 exports would be allowed and only the quantity Declines 592 1,246 permitted to be sold before the ban will be allowed to Unchanged 81 121 be shipped. Metal stocks rose as LMEX, a gauge of six Total 1,556 2,966 metals traded on the London Metal Exchange gainedGlobal Markets 1.86% on Friday, 9 March 2012. Index Latest Values Change (%) • Market breadth was strong at ~1.28x as investors DJIA 12,959.71 0.29% bought large cap stocks. On provisional basis, both FIIs NASDAQ 2,983.66 -0.16% and domestic institutions bought equities worth `12.98bn and `2.03bn, respectively. Nikkei * 9,981.72 0.93% Hang Seng * 21,369.11 1.11% • Asian markets rose today, after US stocks closed positive overnight and Chinese property developer* as of 8.25AM IST stocks saw investor interest.Currencies / Commodities Snapshot • We expect a positive opening for the Indian markets Latest Previous Quote Close today, tracking the cues from the Asian markets. Indian Rupee per $ 50.00 49.98 Investors may also keeping eye on the monthly Indian Rupee per € 65.89 65.75 inflation data which is set to be released today. NYMEX Crude Oil($/bbl) 106.97 106.34 Economic and Corporate Developments Gold ($/oz) 1,704.70 1,699.80 • Indias industrial output rose by a much faster-than- Silver ($/oz) 33.66 33.37 expected 6.8% in January compared with a year earlier.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

K E Y N O T E INSTITUTIONAL RESEARCHTOP GAINERS Buzzing Stocks(BSE A-Group) • GAIL India said it plans to commission the long- Previous Current Change delayed LNG terminal at Dabhol in Maharashtra by Company Name Close(`) Price(`) (%) month end or early April. GAIL, which owns 31.52% United Brew 456.35 540.05 18.34 stake in Ratnagiri Gas and Power Co Ltd, the firm Voltas 115.75 126.60 9.37 that owns the 1967 MW power plant and adjacent Wockhardt 520.85 559.55 7.43 five million tonnes a year LNG import terminal, has JPINFRATEC 44.85 47.90 6.80 contracted a shipload of gas (LNG) to commission Bharat Forge 310.10 326.90 5.42 the facility.(BSE Mid-Cap) • United Spirits is understood to have decided on Singapore as the destination for a Foreign Currency Previous Current Change Convertible Bonds (FCCBs) issue through which it Company Name Close(`) Price(`) (%) intends to raise up to $225mn. BF Utilities 390.35 431.65 10.58 Voltas 115.75 126.60 9.37 • Rupert Murdoch’s News Corporation has sold its Astrazeneca Ph 2065.65 2239.90 8.44 entire 17.3% stake in cable distribution company D B REALTY 76.05 82.15 8.02 Hathway Cable & Datacom Ltd to Providence Equity Glodyne Tech 284.50 307.25 8.00 Advisors, a US-based private equity major, and Sydney-headquartered Macquarie Bank for `358Cr.TOP LOSERS • Natco to sell Bayer-patented cancer drug Nexavar.(BSE A-Group) • Patent office upholds challenge, invokes compulsory licensing rule for first time. Previous Current Change Company Name Close(`) Price(`) (%) • The eyewear division of Titan Industries is expanding Adani Ports 135.40 130.00 -3.99 its lens manufacturing unit in Chikkaballapur, Financial Tech 811.50 782.75 -3.54 Bangalore. The company is also planning to more Redington India 91.85 89.00 -3.10 than double its Titan Eye Plus multibrand eyewear Glenmark Phar 303.05 294.35 -2.87 shops to 500 from the current 204 in next couple of Zee Entert 137.05 133.60 -2.52 years. • JSW Steel Vijayanagar,has urged the Finance(BSE Mid-Cap) Minister Pranab Mukherjee to curb iron ore exports Previous Current Change and has listed a clutch of other measures which will Company Name Close(`) Price(`) (%) help the steel industry in India. Financial Tech 811.50 782.75 -3.54 Redington India 91.85 89.00 -3.10 US markets Glenmark Phar 303.05 294.35 -2.87 U.S. stocks extended gains into a fourth session MVL 15.75 15.30 -2.86 Monday ahead of a monetary-policy decision from the Fresenius Kabi 153.50 149.40 -2.67 Federal Reserve. The Dow Jones Industrial Average climbed 37.69 points, or 0.3%, to 12,959.71, its longest winning streak since the one ended Jan 20. The S&P 500 Index added 0.22 points to 1,371.09. The Nasdaq Composite Index shed 4.68 points, or 0.2%, to 2,983.66.Keynote Capitals Institutional Research (research@keynotecapitals.net) (+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 13/Mar 14/Mar 15/Mar 16/Mar India Monthly Inflation RBI policy Forex Reserves Data Weekly Supplement of RBI US Retail Sales Current Account Producer price Index Consumer Price Index Ex Food & Energy (YoY & MoM) Fed Interest Rate Import Price Index Continuing Jobless Consumer Price Index Decision claims (YoY & MoM) Economic Optimism Industrial Production (MoM) & Capacity Uitilization Reuters/ Michigan Consumer Sentiment Index Global UK Housing Price Japan Industrial ECB Monthly report Japan Leading Balance Production Economic Index UK Trade Balance Eurozone Industrial Japan Coincident Production Index Germany Economic Eurozone Consumer Euro Zone Trade Sentiment Price index Balance n.s.a Euro Zone Trade Balance s.a 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.

Keynote capitals india morning note march 13-'12

by Keynote Capitals Ltd. on Mar 12, 2012

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Keynote capitals india morning note march 13-’12 Document Transcript