Keynote capitals india morning note october 12-'11Document Transcript
K E Y N O T E INSTITUTIONAL RESEARCHIndia Morning NoteWednesday, October 12, 2011Domestic Markets Snapshot Views on markets today Name of Index Oct 10 Oct 11 Change (%) • Indian markets snapped two day winning streak and closed on negative note as investors turned cautious Sensex 16,557.23 16,536.47 -0.13% ahead of Infosys 2nd quarterly results and release of CNX Nifty 4,979.60 4,974.35 -0.11% industrial production data. Weak opening of European BSE Mid-cap 6,040.31 6,069.61 0.49% markets also led the fall in the domestic markets. BSE IT 5,390.67 5,245.09 -2.70% European markets opened weak after the news that BSE Banks 10,495.37 10,509.82 0.14% European leaders pushed back a debt- crisis summit amid opposition to German Chancellor Angela MerkelsFII Activity (`Cr) drive for deeper-than-planned writedowns of Greek Date Buy Sell Net bonds. Sell-off mainly came in the IT stocks as 10-Oct 2471 2190 281 investors sold IT stocks ahead of Infosys results slated 7-Oct 3564 3073 491 tomorrow. Analyst community believes that the Total Oct 11782 13727 -1945 company will cut the guidance for FY12 and therefore 2011 YTD 495440 499330 -3899 Infosys investors closed 3.2% down ahead of the results to factor in the fears. Wipro and TCS also slidMF Activity (`Cr) with Infosys by 2% and 2.3%, respectively. Telecoms Date Buy Sell Net stocks rallied after a new draft policy unveiled by the 10-Oct 694 500 194 government was seen broadly positive for the once- booming sector that has struggled in recent years due 7-Oct 739 555 184 to ferocious competition and 2G scam. Other than IT Total Oct 2907 2753 154 stocks, selling pressure was also seen in oil & gas and 2011 YTD 104101 98721 5652 FMCG stocks. Private-sector lender Dhanlaxmi BankVolume & Advances / Declines closed down 9.65%. The stock had slumped 24% at one stage after an industry union alleged irregularities NSE BSE in its accounts, and came off lows after the bank Trading Volume (`Cr) 11,460 2,710 denied the charges. Advances 848 1,558 • Market breadth was however strong at ~1.26x as Declines 613 1,236 investors bought large cap stocks. Both FIIs and Unchanged 56 115 domestic institutions bought equities worth `1.14bn Total 1,517 2,909 and `1.08bn, respectively.Global Markets • Asian equity markets traded lower Wednesday, following disappointing results from US aluminum Index Latest Values Change (%) giant Alcoa and after Slovakia failed to approve an DJIA 11,416.30 -0.1% expansion of Europe’s giant financial bailout fund. NASDAQ 2,583.03 0.7% Both the Hang seng and the Nikkei are down today. Nikkei * 8,715.10 -0.7% • We expect a weak opening for the Indian markets Hang Seng * 18,066.43 -0.4% following the cues from the Asian markets. Further,* as of 8.45AM IST investors may remain cautious ahead of the IIP data today. Investors will also take some cues from InfosysCurrencies / Commodities Snapshot results in the morning. Latest Previous Quote Close Economic and Corporate Developments Indian Rupee per $ 49.28 49.16 • The government will consider permitting sugar exports Indian Rupee per € 67.25 66.79 for the current marketing year, which started this month, only after the Diwali festival. NYMEX Crude Oil($/bbl) 84.94 85.81 Gold ($/oz) 1,660.60 1,659.70 • The RBI announced 2% interest subsidy on Rupee export credit to the labour-oriented and small scale Silver ($/oz) 32.01 31.98 sectors to cushion them from slowdown in the major markets like the US and Europe.Keynote 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 RESEARCH TOP GAINERS Buzzing Stocks (BSE A-Group) • DLF is looking to raise up to `2,500Cr by selling its Previous Current Change stake in luxury hospitality chain Aman resorts and Company Name Close (`) Price (`) (%) the deal is likely to be closed by December-end. Wockhardt 401.55 448.10 11.59 • The government will infuse `3,000-4,500Cr in the JUBL FOOD 754.25 822.30 9.02 State Bank of India (SBI) by the March end to help Chambal Fert 88.80 95.90 8.00 the lender achieve 8% capital adequacy norm. Container Corp 933.40 1000.00 7.14 Rashtriya Chem 70.35 74.90 6.47 • NTPC may appoint Deloitte as a consultant on revamping its operations and human resources (BSE Mid-Cap) development. Previous Current Change Company Name • Tata Power today said it had installed more than 300 Close(`) Price(`) (%) Wockhardt 401.55 448.10 11.59 MW wind power capacity, spread across four states, including Gujarat and Karnataka. JUBL FOOD 754.25 822.30 9.02 HMT 38.85 42.20 8.62 US markets Chambal Fert 88.80 95.90 8.00 US markets ended mixed in a low-volume session, Rashtriya Chem 70.35 74.90 6.47 with investors uncertain over earnings season and Slovakia’s vote on the euro zone’s bailout fund. TOP LOSERS The Dow Jones Industrial Average finished the day (BSE A-Group) 16.88 points, or 0.2%, lower at 11,416.30. The S&P Previous Current Change 500 Index inched up 0.65 point, or 0.1%, to Company Name Close(`) Price(`) (%) 1,195.54. The Nasdaq Composite Index climbed Infosys 2591.30 2509.20 -3.17 16.98 points, or 0.7%, to 2,583.03. Educomp Sol 277.70 269.25 -3.04 Financial Tech 749.80 727.55 -2.97 Apollo Hosp 501.00 486.15 -2.96 HCL Tech 414.40 402.95 -2.76 (BSE Mid-Cap) Previous Current Change Company Name Close(`) Price(`) (%) Shri Ganesh Spi 9.12 8.67 -4.93 Network18 63.10 60.75 -3.72 Bayer Crop 844.35 813.20 -3.69 Jyothy Lab 150.35 145.40 -3.29 IPCA Lab 247.60 239.75 -3.17 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.keynoteindia.netDisclaimer: 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.