Keynote capitals india morning note may 17-'12Document Transcript
India Morning Note a gThur rsday, May 17, 2012Dom mestic Mark kets Snapsh hot Views on markets t today Nam of Index me May 15 May 16 Change (%) ) • India shares dropped 1.8% on rupee weaknes and an es ss Sensex 16,328.25 16,030.09 -1.83% rising global risk aversion. k CNX Nifty X 4,942.80 4,858.25 -1.71% BSE Mid-cap 5,925.77 5,879.42 -0.78% • The markets wwere weak through-out t-day in sp pite of BSE IT 5,590.27 5,512.94 -1.38% Finance Ministe Pranab Mukherjees indication that er s n BSE Banks 10,744.45 10,566.84 -1.65% stimulus packag was poss ge sible in the near future. .FII A Activity (`Cr) • Conttinuous wea akness of th markets can be draw out he c wn from the euro zone issu m ues and Ind dias burge eoning Date e Buy Sell Net issue led to a possibility of slower growth and high es d 15-M May 1,834 1,970 -136 price es. 14-M May 2,101 1,697 404 Tota May al 21,812 21,497 314 • The investors a also ignored consistent fall in crude oil d t 2012 YTD 258,190 214,415 43776 price es, as ruppee deteriooration weighed dow wn its effec cts.MF A Activity (`Cr) Date e Buy Sell Net • The sentiments were so sour that only Bajaj Auto s 15-M May 550 358 192 shar out of 30 Sensex sto res 0 ocks rose. 14-M May 362 308 54 • Bank and auto shares led the losses with ICICI Bank ks o d s Tota May al 4,027 4,448 -422 and Tata Moto ors contribu uted in terms of indiv vidual 2012 YTD 49,021 55,543 -6522 stocks.Volu ume & Adva ances / Dec clines • Asian markets are mixed today as Japanese s shares NSE BSE fallin ng while CChinese markets are rising. Ja e apans Trad ding Volume (Cr) 64.69 19.25 betteer-than-exp pected 4.1% annualized in the Jan % d nuary- Turn nover (`Cr) 10,550 1,847 to-M March quarte GDP grow could hardly helpe the er wth h ed Advances 388 983 stock markets t gain. to Declines 1,075 1,733 • We expect a flat opening for the Ind dian markeets, as Unchanged 75 115 the cues from the Asian markets are directio a onless. Tota al 1,538 2,831 Howwever, a rec covery can be seen, as the inve estorsGlob Markets bal may try to recoup their y losses aftter a strong fall yest terday. Inde ex Late Values est Change (%) ) DJIA A 12,598.55 -0.26% Econom and Cor mic rporate Dev velopments s NAS SDAQ 2,874.04 -0.68% • Citin the difficult economi situation, Finance Mi ng ic inister Nikk * kei 8,783.25 -0.20% Prannab Mukher rjee said t the govern nment would be Hang Seng * 19,373.32 0.59% resoorting to a fr resh spell of austerity measures to deal m o* as o 8.25AM IST of with the proble ems, but ma ade it clear that he wa not asCurr rencies / Co ommodities Snapshot s presssing "panic button". Latest Previous Quote Close Indian Rupee per $ 54.34 53.79 Indian Rupee per € 69.11 68.50 NYM MEX Crude Oil($/bbl) 93.15 92.81 Gold ($/oz) d 1,545.40 1,536.60 Silve ($/oz) er 27.21 27.17Keyn note Capitals Research h (reseaarch@keyno otecapitals.net) (+91222-3026600 00) Keyynote Capita Research is also available on als hBloo omberg KNTE <GO>, Tho E omson One A Analytics, Re euters Knowwledge, Capit IQ, TheMa tal arkets.com and securitie a es.com Keynote Capitals Institu utional Resea arch - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business To unsubsc cribe from th mailing lis please reply to unsub his st, bscribe@keyynotecapitals s.net
TOP GAINERS Buzzin Stocks ng(BSE A-Group) E • Ashok Leyland, is planning to invest around `4,150 , t Previous Currennt Change cror in Tamil Nadu. Th propose investm re he ed ments Com mpany Name e Close(` `) Price(` `) (%) inclu ude a gree anufacture light en-field facility to ma Unit tech 19.95 5 21.50 7.77 com mmercial veh hicles (LCV) ). Strid Arco des 648.95 5 687.00 5.86 Jain Irrigation 75.65 5 79.90 5.62 • Baja Finserv plans to r aj raise about `1,000 c t crore God drej Cons 517.85 5 539.20 4.12 thro ough issue o securities. of BPC CL 728.15 5 751.80 3.25 • Aventis Pharma said on W a Wednesday the Registra of t ar Com mpanies had approved its chang of name to d ge(BSE Mid-Cap) E Sanofi India Ltd with effec from May 11. d, ct Previous Currennt Change Com mpany Name e • Piramal Healthccare closed its second deal in the past Close(` `) Price(` `) (%) Unit tech 19.95 21.50 7.77 monnth to stre engthen it pharma research and ts Strid Arco des 648.95 687.00 5.86 development b The company has said it business. T Jain Irrigation 75.65 79.90 5.62 wouuld acquire the US-b based Decis sion Resou urces INDI IAB POWER 11.80 12.46 5.59 Grou (DRG) for a cons up sideration of nearly $ o $635 Delt Corp ta 55.85 58.60 4.92 million (`3,400 crore). • CESSC has tak ken over two hydro oelectric po owerTOP LOSERS projects of India Bulls Gro oup in Arun nachal Praddesh,(BSE A-Group) E with an aggregate capacity of 146 me h y ega watt. Previous Currennt Change • Dr Reddy’s Lab R may soon launch a low- boratories m -cost Com mpany Name e Close(` `) Price(` `) (%) sion of bloo thinning drug Plavix in the US, the vers od x , Tata Motors a 290.30 0 269.00 0 -7.34 world’s largest drug marke et. Adit tya Birla Nuv 807.30 0 756.00 0 -6.35 US markets Shriram Trans 507.60 0 480.35 5 -5.37 JSW Steel 653.20 0 619.45 5 -5.17 U.S. markets declined, with t the Dow Jonnes near a ffour- Sun TV Network 288.25 5 274.00 0 -4.94 month low, as wworries abou Greece again tram ut mpled enthussiasm that came wit th U.S. da ata, which on(BSE Mid-Cap) E Wedneesday cast a favorable light on factory output and t Previous Currennt Change housing. Com mpany Name e Close(` `) Price(` `) (%) Tulip Telecom p 86.35 79.40 -8.05 The Do Jones In ow ndustrial Average fell 33.45 points or 3 s, 0.3%, to 12,598.5 The S&P 500 Index declined 5.86 55. P x Berg Paints ger 137.70 129.65 -5.85 points, or 0.4%, to 1,324.80 The Nas 0. sdaq Compo osite Sintex Inds 56.20 53.20 -5.34 decline 19.72 points, or 0.7% to 2,874. ed %, .04. MON NNETISPA 448.95 425.00 -5.33 Kalp pataru Power 88.35 83.70 -5.26Keyn note Capitals Research h (resea arch@keyno otecapitals.net) (+912 22-3026600 00)
India and Globa Economic Calendar a al c Countries / Thursday Fr riday Monday M Tuesday T Reg gions 17/ /May 18 8/May 21/May 22/May 2 Ind dia Forex Res serves Data a Bank Loa Growth an US Initial Jobless Claims American Petroleum n Chicago Fed Existing Home Sale g es Institute Monthly National Activity (MoM) Report Index Leading In ndicators Richmo ond Fed (MoM) Manufacturing Inde ex Glo obal Japan Indu ustrial G8 Meeting UKs Co onsumer Pric ce production n Index (M MoM) and (YoY) UKs Pu ublic Sector Net Bor rrowing UKs Reetail Price Index (M MoM) KEYN NOTE CAPITTALS LTD. The Rub 9th Floo Senapati Bapat Marg, Dadar (W), Mumba – 400 028 by, or, ai 8 Tel. : +9 9122-30266 6000 • www w.keynotec capitals.com mDisclaiimer: This re eport is purely for informa ation purpose and is bassed on public information News cont c n. tent is attribu utable tovarious media, unle specified otherwise. A market related statistic data perta ess All cal ains to the im mmediately preceding trad ding day,unless stated other s rwise. Neithe the informa er ation nor any opinion expressed in this report constitutes an off y s fer, or an invitation tomake an offer, to bbuy or sell the securities m mentioned he erein. We or any of our directors, offic cers or emplo oyees shall not in anyway be responsible for any loss arising from the use of this report. Investors are advised to apply their own judgmen before e e s m e o ntacting on the conteents of this re eport. The rep port has not been edited due to time c d constraints.