Aug 5, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 04-Aug 03-Aug % Change COMMENTARYBSE Sensex 17,693 17,941 (1.38) INDIANSE Nifty 5,331 5,405 (1.37)BSE Midcap 6,734 6,786 (0.76) The Indian markets ended near days low on Thursday, extending their losing streak into the third straightBSE Smallcap 8,063 8,109 (0.57) trading session. The NSE Nifty has slipped over 160 points in the last three days with the index closing belowNifty Junior 10,696 10,740 (0.41) the 5350 levels for the first time since June 26.Markets opened with a positive bias, tracking overnight gainsCNX Midcap 7,827 7,885 (0.73) in the US markets and positive trend in a few Asian markets. However, the upswing was very short-lived, as the index slumped in late afternoon trade and ended near days low. Finally, the BSE Sensex ended at 17,693 losing 247 points. It had earlier touched a days high of 18,032 and a days low of 17,664. It opened at 18,032. The NSE Nifty closed at 5,331 losing 1.37 percent. The decline was led by Realty, Auto, FMCG and MetalsGLOBAL MARKETS 04-Aug 03-Aug % Change stocks. The Mid-Cap and the Small-Cap stocks witnessed continued offloading.Dow Jones Ind (USA) 11,384 11,896 (4.31) Market breadth was negative, 1705 stocks declined for 1127 stocks which advanced.Nasdaq Composite(USA) 2,556 2,693 (5.08)S&P 500 (USA) 1,200 1,260 (4.79) GLOBAL MARKETSFTSE 100 (UK) 5,393 5,585 (3.43)DAX (Germany) 6,415 6,641 (3.40) Gripped by fear of a new recession, the stock market suffered its worst day Thursday since the financial crisisNikkei 225 (Tokyo) 9,659 9,637 0.23 in the fall of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline. TheHang Seng (Hong Kong) 21,885 21,993 (0.49) sell-off wiped out the Dows remaining gains for 2011. It put the Dow and broader stock indexes into whatShanghai Comp (China) 2,684 2,679 0.21 investors call a correction -- down 10 percent from their highs in the spring. Across the financial markets, the day was reminiscent of the wild swings that defined the financial crisis in September and October three yearsKOSPI (South Korea) 2,018 2,066 (2.31) ago. Gold prices briefly hit a record high. Oil fell even more than stocks -- 6 percent.. The S&P 500 decreasedSTI (Singapore) 3,107 3,130 (0.74) 4.8 percent to an eight-month low of 1,200. The Dow Jones Industrial Average declined 512.76 points, or 4.3MSCI Emerging Market 425 432 (1.62) percent, to 11,384 yesterday, erasing its 2011 gain.MSCI Frontier Market 530 529 0.19 Asian stocks fell the most since March, amid concerns over the U.S. recovery is petering out. Nikkei is down by 3.52% followed by Hang Seng which is down by 4.71%. SGX Nifty is down by 157 points.BOND MARKETS 04-Aug 03-Aug Change10yr G-Sec Yield 8.40 8.43 (0.03) CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.49 8.49 0.00 Adani Power have posted a whopping 54% jump in its net profit at Rs 176.85 crore for the quarter endedLIBOR (6m) 0.39 0.39 0.00 June 30, 2011. The company had reported a net profit of Rs 114.47 crore during the same quarter of theLIBOR (1m) 0.16 0.16 0.00 last financial year. Net Sales of the company witnessed more than a two-fold jump at Rs 818.66 crore asInterbank Call rate 8.00 7.91 0.09 against Rs 353.08 crore in the corresponding period of previous fiscal (2010-11). Reliance Industries prized KG-D6 gas fields have seen output drop over 27% to around 47 million standard cubic meters per day in June, Oil Ministry said yesterday. BSE Turnover Rs Cr(000) Sensex 18400 3.5 Glenmark Pharmaceuticals said that its subsidiary Glenmark Generics Inc had received final approval 3.0 from the US health regulator for Verapamil tablets, which are used for treating hypertension. 18200 18000 2.5 Mid-sized drugmaker Venus Remedies is in talks with various firms in the US and Europe to out-licence 2.0 four patent drugs over the next 2-3 years, its top official said. 17800 1.5 17600 1.0 Mundra port yesterday posted a growth 20% in the consolidated net profit at Rs 254 crore for the first 17400 quarter ended June, 2011. The net profit for the corresponding quarter in the last fiscal was reported at Rs 0.5 211 crore. Total income has increased 27% to Rs 530 crore for the quarter under review from Rs. 416 crore 17200 0.0 for the same quarter in the previous fiscal year. During the period, the net sales were registered at rs 516 29-Jul 1-Aug 2-Aug 3-Aug 4-Aug crore. Looking to hit back at competitors with the new version of its premium hatchback Swift, Maruti Suzuki India have said that it would drastically cut exports of diesel engines to Hungary to concentrate on the NSE Turnover Rs Cr(000) Nifty Indian market. 5550 14 5500 12 Steelmaker JSW Steel on Thursday denied the conclusions drawn in a report by the Lokayukta -- 5450 10 Karnatakas anti-graft watchdog -- against the company on procurement and transportation of iron ore in 88.38 #DIV/0! the state. The steelmaker is not looking at legal recourse on the issue for now but may do so in the 5400 8 future, Seshagiri Rao, joint managing director and group CFO, told a press conference in New Delhi. 5350 6 Lokayukta had cited certain alleged illegal purchase of iron ore and transactions linking the company and 5300 4 a group firm. 5250 2 Indian Hotels that operates hotels and resorts under Taj brand today posted a multi-fold increase in its 5200 0 net profit at Rs 20.31 crore for the first quarter ended June 30. For the corresponding quarter last fiscal, the 29-Jul 1-Aug 2-Aug 3-Aug 4-Aug companys net profit was Rs 3.33 crore.The firms net sales for the quarter under review increased 12.41% to Rs 369.54 crore, compared to Rs 328.74 crore in the first quarter of last fiscal.
Aug 4, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 03-Aug 02-Aug % Change CORPORATE NEWSPSU 8,254 8,286 -0.39% Two bitter rivals in the Indian financial market have made the first move towards smokingCD 6,576 6,616 -0.61% the peace pipe. The country’s largest bourse, National Stock Exchange (NSE), and FinancialTECk 3,548 3,577 -0.83% Technologies (FT), the market’s leading technology provider, have arrived at anOIL&GAS 8,766 8,841 -0.84% agreement under which the stock exchange will remove FT from a ‘watch list’ withCG 12,479 12,590 -0.88% immediate effect and give it a crucial software code, or Application Protocol Interface -1.01% (API), that will enable it to launch NSEs currency platform on its front-end softwareIT 5,682 5,740 solution, Odin, which is used by a majority of stock and commodity brokersBANKEX 12,035 12,163 -1.05%HC 6,313 6,401 -1.38% Axis Banks proposed Rs 1,080 crore ($240 million) US commercial paper (USCP) programPOWER 2,418 2,458 -1.61% (BBB-/Stable/A-3) has been assigned A-1 short-term rating by Standard & Poors (S&P)METAL 13,388 13,628 -1.76% Ratings Services. A $240 million irrevocable direct-pay letter of credit issued by Citibank NAFMCG 3,977 4,050 -1.82% (A+/Negative/A-1) supports this program.AUTO 8,475 8,653 -2.06%REALTY 1,950 1,993 -2.16% IT firm Infosys Technologies have said rhat it has implemented its core banking solution, Finacle, in Bank Chinatrust Indonesia. Engine manufacturer Cummins India, said its net profit rose by 26.34% to Rs 177.17 crore for the quarter ended June 30, 2011, over the same period last fiscal. The company had posted a net profit of Rs 140.23 crore for the quarter ended June 30, 2010. Net sales of the company stood at Rs 1,021.93 crore for the quarter ended June 30, 2011, as against RsBSE Upper Circuit Breakers 910.01 crore for the corresponding period in the previous fiscal.Company Name 03-Aug 02-Aug % ChangeWARREN TEA 512.9 466.3 10.00 Electrical equipment maker Havells India have announced its entry into the domesticNIKHIL ADHESIVES 57.4 52.2 10.00 appliances market with an aim to garner sales of Rs 500 crore from the segment in the nextPANCHMAHAL STEEL 59.9 57.0 5.00 four years.BOMBAY OXYGEN CORPORATION 8,977.6 8,550.2 5.00 0 FMCG player Jyothy Laboratories (JLL) have said that it has acquired 1.76% more stake inMODERN DAIRIES 16.9 16.1 5.00 Henkel India, increasing its total shareholding in the company to over 71.6%. Post the acquisition of 20.4 lakh shares, representing 1.76%, through an off market transaction, JLL has increased its stake in Henkel India (HIL) to 71.60% from 65.85%. US-based automotive and industrial products and services provider, Gates Corporation said that it expects to double revenues in India to touch $200 million by 2014-15. TheBSE Lower Circuit Breakers company that has two major plants in Chennai and Chandigarh and two other smallerCompany Name 03-Aug 02-Aug % Change plants in Pune and Faridabad, said it will invest $20 million in the next two years to expand capacity to meet rising demand.B.L.KASHYAP AND SONS 15.3 19.1 (19.90)AVT NATURAL PRODUCTS 409.8 431.4 (5.00) Textile firm Bombay Dyeing said its net loss has widened by 29.9% to Rs 39.79 crore for theKIRI INDUSTRIES 169.2 178.1 (5.00) first quarter ended June 30, 2011 on the back of high expenses, including increase in rawBINAYAK TEX PROCESSORS 375.3 395.0 (5.00) material consumption. The company had a net loss of Rs 30.61 crore for the quarter endedVeljan Denison 468.5 493.1 (5.00) June 30, 2010. During the reporting quarter, the companys net sales declined by 4.86% at Rs 397.82 crore from Rs 418.19 crore recorded in the corresponding quarter last fiscal. Education solutions provider Educomp Solutions have said it has reported a growth of 9.51% in its consolidated net profit at Rs 40.05 crore for the first quarter ended June 30, 2011, on the back of higher net sales. The company had a net profit of Rs 36.57 crore during the same period last fiscal. Total revenue of the company rose by 28% to Rs 292.42 crore the first quarter current fiscal, against Rs 227.87 crore reported an year ago.COMMODITY 03-Aug 03-Aug % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 106 112 (5.36)Gold (Rs/10gm) 23,983 23,914 0.29 Brent Crude Oil ended down by 7 percent at $106 per barrel. Gold closed up by 0.22 percent at Rs 23,983 and Silver closed down by 5.3 percent at Rs 58,201.Silver (Rs/kg) 58,201 61,515 (5.39)CURRENCY 03-Aug 03-Aug % Change The Indian Rupee closed n lower against the dollar at Rs 44.54 as the Indian equityINR / USD 44.54 44.30 0.54 benchmarks ended on a negative note.USD / Euro 1.42 1.43 (0.70)Yen / USD 79.76 77.14 3.40
Aug 5, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSDCHL 66.0 66.5 0.76 Germanys SAP AG, the worlds biggest maker of business software, plans to increase itsGTLINFRA 13.9 14.0 0.72 workforce by about 7% in China and India, hiring as many as 600 people in comingMAX 180.8 182.1 0.72 quarters as it targets expansion in fast-growing Asia.SAP, which derives 16% of itsBOSCHLTD 7030.2 7,079.9 0.71 revenue from Asia-Pacific including Japan, aimed to increase employees by 200-300 eachESCORTS 93.0 93.6 0.70 in China and India, where its staff strength was about 2,600 and 5,500 respectively, aBFUTILITIE 658.1 662.5 0.68 senior executive said.INDIACEM 68.2 66.7 (2.27) Monsoon rains were 22% below normal in the week to August 3 from 23% below averageFEDERALBNK 401.0 394.0 (1.75) showers in the previous week, the weather office said on Thursday, and a second straightCHAMBLFERT 93.5 92.0 (1.66) week of weakness.TATAGLOBAL 111.1 109.5 (1.49)AMBUJACEM 128.0 126.2 (1.41) After dropping to a 20-month low in mid-July, food inflation inched up to 8.04% for theBEML 522.0 516.0 (1.15) week ended July 23 on expensive onion, fruits and milk. Food inflation, measured by the Wholesale Price Index (WPI), was 7.33% in the previous week, the lowest since NovemberINSTITUTIONAL ACTIVITY (Rs Cr) 25-Jul 22-Jul YTD 2009. The rate of price rise of food items was 16.27% in the corresponding week of JulyFII Cash Net 240 525 13,828 2010.As per the official data released yesterday, onion became dearer by 26.36% year-FII Stock Futures (291) 97 (7,806) on-year and fruits were expensive by 15.97% during the week under review.FII Index Futures 79 641 12,276 The Government yesterday reportedly indicated that it might remove the subsidy onMutual Fund 6 307 3,886 diesel sold for passenger vehicles. The FM further stated that out of total consumption of diesel, 10% is used by industry, 6% by railways, 12% by the agriculture sector and 15%VALUATIONS P/E P/B DIV YLD by car owners, 8 per cent for power generation buses and trucks consume 12 % and 37BSE 19.6 3.4 1.4 %, respectively, reports added. The FM reportedly said that despite price increase ofNSE 19.9 3.5 1.1 petroleum products in the recent past, the revenue loss of oil companies on fuel salesBSE500 Mcap/GDP Ratio 0.57 were around Rs. 1.22 lakh crore. MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs %Rel Infra 565.85 0.95 Company 235 6.43 Nitin Fire 129.85 19.62Rel Communications 99.2 0.66 COX KINGS 244.45 4.47 Warren Tea-$ 512.85 9.99- - - Jindal Poly 212.15 3.97 Sahara One-$ 155.15 6.38- - - Hindusthan Nat-$ 111 2.87 Fedders Lloyd 78.5 6.01- - - TATAGLOBAL 1240 2.28 Vesuvius India 403.3 5.81TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %Mahindra & Mahindra 679.25 -4.45 Gujarat NRE Coke 39.1 -8.86 BL Kashyap 15.25 -19.95ITC 200 -3.17 India Sec 42 -6.98 Unisys Soft 72 -13.98NTPC 176.9 -2.48 Anant Raj Inds-$ 74.1 -6.79 Orient Green Power 12.45 -11.07Hindalco Inds 161.6 -2.47 HDIL 129.65 -5.54 RBN 86.65 -8.45Bajaj Auto 1419.6 -2.46 Bombay Dyeing 316.3 -5.37 Carol Info 224.2 -6.13 BULK DEALSSCRIP NAME CLIENT NAME TYPE QTY % PRICENSEMindTree Limited Coffee Day Resorts Pvt Ltd BUY 5.68% 428.0MindTree Limited Ashok Soota SELL 5.50% 428.0Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 0.55% 307.6Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 0.86% 62.9Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9BSEAarey Drugs Thakorlal Atma Ram Modi BUY 1.23% 21.5ACROPET TEC Oudh Finance & Investment BUY 0.80% 17.0Zenu Infotech Anuradha Pankaj Dhoot SELL 2.25% 38.0Tata Coffee A K G Securities And Consultancy Ltd BUY 0.66% 882.2RCL FOODS Span Stock Broking SELL 0.65% 54.1