India Morning Note a gFrida May 18, 2012 ay,Dom mestic Mark kets Snapsh hot Views on markets t today Nam of Index me May 16 May 17 Change (%) ) • India an markets dropped after a positive tr s rading Sensex 16,030.09 16,070.48 0.25% sess sion till afte ernoon, as investors worried ove the w er CNX Nifty X 4,858.25 4,870.20 0.25% euro zone situation and unfavo o orable dommestic BSE Mid-cap 5,879.42 5,880.57 0.02% econnomic situation due to weak kening induustrial BSE IT 5,512.94 5,510.75 -0.04% prod duction and high inflatio on. BSE Banks 10,566.84 10,542.61 -0.23% • Investors sold e equities afte taking th Sensex a er he almostFII A Activity (`Cr) 210 points up in the mor rning sessio as a wa on, ave of sellin pressure created o fall in Eu ng e on uropean ma arkets. Date e Buy Sell Net After touching a high of 16 6,240.18 duuring the day, the 16-M May 2,243 2,725 -482 Sens sex fell to a almost a ne egative of 16,008 level. The 1 15-M May 1,834 1,970 -136 inde closed 40 ex 0.39 points u or 0.25% to 16,070 up, %, 0.48. Tota May al 24,055 24,222 -167 2012 YTD 260,433 217,140 43295 • Investors were also on hold for Fridays ear e F rnings results from Sta Bank of India, Tata Steel and Coal ate f dMF A Activity (`Cr) India which wil help dete a, ll ermine direc ction in the near- Date e Buy Sell Net term m. 16-M May 572 591 -19 • FMCG stocks edged higher afte er the we eather 15-M May 550 358 192 artment fo depa orecast th hat the 2012 Southwest 2 Tota May al 4,599 5,039 -441 Monsoon will ar rrive in time e. 2012 YTD 49,593 56,134 -6541 • Markket breadth was marg h ginally lowe at ~0.98x as erVolu ume & Adva ances / Dec clines investors sold mid and small cap stocks On d c s. NSE BSE prov visional bas old equity of `0.1bn while sis, FIIs so Trad ding Volume (Cr) 58.01 17.02 dom utions bought equity of `2.54bn in cash mestic institu f n Turn nover (`Cr) 9,737 1,805 segmment. Advances 736 1,340 • Asian markets declined ssharply tod day, as Mo oodys Declines 713 1,368 Ratin ngs Agency downgrade 16 Spanish banks raising y ed Unchanged 80 134 the concerns about the wider reach of the euro zone o Tota al 1,529 2,842 prob blems starte with Gree ed ece.Glob Markets bal • We expect a ga down ope e ap ening for th Indian ma he arkets Inde ex Late Values est Change (%) ) toda as trade may dum shares taking cues from ay, ers mp t s the Asian ma arkets. Wea akness acr ross the g global DJIA A 12,442.49 -1.24% markets is also indicated through weak euro which o w NAS SDAQ 2,813.69 -2.10% declined below crucial $1.2 levels. It would be a very 27 t Nikk * kei 8,669.30 -2.34% diffic cult for the RBI to stop rupee es deterioration Hang Seng * 18,785.07 -2.17% against dollar putting further pressure on the equ e uities.* as o 8.25AM IST of Econom and Cor mic rporate Dev velopments sCurr rencies / Co ommodities Snapshot s Latest Previous • Colle ection of i indirect taxxes jumped by 10.4 4% to Quote Close `33,045Cr in th first mon he nth of the current fisc on cal Indian Rupee per $ 54.35 54.34 the back of inc crease in eexcise duty and servic tax ce Indian Rupee per € 68.96 69.11 rates The indi s. irect tax— excise dut ty, customs and s NYM MEX Crude Oil($/bbl) 92.68 92.56 serv vice tax— co ollection had totalled `29,936Cr in April ` n 20111. Gold ($/oz) d 1,575.50 1,574.90 Silve ($/oz) er 28.02 28.00Keyn 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 • Houusing Develo opment andd Infrastruc cture is clos to se Previous Currennt Change selling their 14-acre landd in Bangaalore to Go odrej Com mpany Name e Close(` `) Price(` `) (%) Propperties, the realty arm m of the Goodrej group, for Astr razeneca Ph 1541.10 0 1849.30 20.00 arouund `100Cr according r, g to source close to the es Dish TV India h 55.10 0 60.75 10.25 talks. Obe eroi Realty 238.40 0 249.80 4.78 • Goddrej Consummer Product will consider acquis ts sition Shriram Trans 480.35 5 502.30 4.57 opportunities to get into n o new segmen nts, such as oral Alsto T&D om 140.75 5 146.95 4.40 care as it believes that getting into new verticals e, o(BSE Mid-Cap) E thro ough norma route wou be toug accordin to al uld gh, ng Chairman Adi Godrej. To get in into a totally new o Previous Currennt Change cate egory organnically would be a tough call, he said. d h Com mpany Name e Close(` `) Price(` `) (%) Astr razeneca Ph 1541.10 1849.30 20.00 • Induustrial gas maker BO India, a part of L OC Linde Dish TV India h 55.10 60.75 10.25 Grou in Germany, has sa that the possibility of a up aid e Prism Cement m 44.15 47.00 6.46 shar buyback is still ope with the company and re k en e Delt Corp ta 58.60 62.35 6.40 will take a decis sion on it be efore June 2013. 2 VST Inds T 1821.40 1930.00 5.96 • GMR Hyderab R bad Intern national Airport Lim A mited (GHIAL), which runs the Rajiv Gandhi Internati h ionalTOP LOSERS Airp port (RGIA) in Hyderabad, is expe ecting to ha andle 100,000 tonne of cargo wi ithin a year, according to a(BSE A-Group) E seniior compan official. The airpor has rece ny rt ently Previous Currennt Change cros ssed the 80,,000-tonne mark. Com mpany Name e Close(` `) Price(` `) (%) Volt tas 105.70 0 98.85 5 -6.48 • Afte the government recently reaffirmed its ea er arlier Pant taloon Retl 140.35 5 132.00 0 -5.95 decision to al llow Reliannce Power Ltd. to divert Cum mmins India 452.15 5 431.00 0 -4.68 surp plus coal f from its S Sasan projeect in Mad dhya Prad desh for a nearby p project, the company has Tech Mahindra h 636.95 5 607.40 0 -4.64 aske the Com ed mptroller and Auditor General (CAG to d G) JUBL FOOD L 1179.20 0 1132.30 0 -3.98 drop its observ p vations of ""undue bennefit" in a d draft(BSE Mid-Cap) E audit report. Previous Currennt Change • Koutons Retail India plan to raise up to $200mn ns Com mpany Name e Close(` `) Price(` `) (%) ound `1,090 (aro 0Cr) by issu uing prefere ential share to es Volt tas 105.70 98.85 -6.48 prom moters and others. Pant taloon Retl 140.35 132.00 -5.95 • DLF and Hary yana Urban Developm n ment Authority Blue Star e 184.25 176.10 -4.42 da) have joined hand to const (Hud ds truct a 16- -lane Birla Corp a 258.95 247.85 -4.29 road covering 8 km in Gu d 8.3 urgaon at an investment of JUBL FOOD L 1179.20 1132.30 -3.98 up to `600Cr to ease heavy traffic flow in the city t o w y. US markets US stoocks droppe sharply overnight, with the Dow ed Jones contracted f an 11th out of 12 se c for essions, as euro zone issues coupled with a a nega ative gauge of e manufaacturing in the Phila n adelphia region added to d worries for investo s ors. The Dow Jones Industrial Average dropped 156.06 D points, or 1.2%, to 12,544 42.49, led by J.P. Morgan Chase & Co. share down 4.3 es, 3%. The S& 500 Index lost 1 &P 19.94 points, or 1.5% to %, 1,304.8 86. The Na asdaq Composite declined 60.35 or 5, 2.1%, to 2,813.69. tKeyn note Capitals Research h (resea arch@keyno otecapitals.net) (+912 22-3026600 00)
India and Globa Economic Calendar a al c Countries / Fri iday Mo onday Tu uesday We ednesday Reg gions 18/ /May 21 1/May 22/May 23/May 2 Ind dia Forex Reserves Data Bank Loan Growth n US American Petroleum Chicago FFed Existing Home Sales s Home sales data s Institute M Monthly National A Activity (MoM) Report Index Richmon Fed nd Manufac cturing Index Glo obal G8 Meetin ng UKs Con nsumer Price Bank of Japan f Index (M MoM) and Interest rate t (YoY) decision n UKs Public Sector Bank of England f Net Borr rowing Minutes s UKs Retail Price MoM) Index (M 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.