Daily newsletter - October 19, 2011

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Daily newsletter - October 19, 2011

  1. 1. Oct 19, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET * 18-Oct 17-Oct % Change COMMENTARYBSE Sensex 16,748 17,025 (1.63) INDIANSE Nifty 5,038 5,118 (1.58) The Indian equity markets slipped for the second consecutive trading session amid a broad sell-off acrossBSE Midcap 6,114 6,189 (1.21) overseas markets. Sentiment across the globe was hit as fresh doubts emerged over Europes ability to drawBSE Smallcap 6,854 6,923 (0.99) up a comprehensive plan to tackle the prolonged debt crisis at the Oct 23 summit in Brussels. It may beNifty Junior 9,781 9,904 (1.24) recalled that markets in Asia had rallied on Monday after the G20 leaders urged eurozone members toCNX Midcap 7,048 7,140 (1.29) announce decisive steps to address the fiscal mess at the Oct. 23 meeting. However, the enthusiasm waned following Germanys caution that expectations about the Oct 23 summit are a little too high. A slowdown in Chinas economy during the third quarter, from the previous quarter, coupled with anaemic US economicGLOBAL MARKETS 18-Oct 17-Oct % Change data and a Moodys warning on Frances "AAA" rating outlook also dampened the mood. Finally, the BSEDow Jones Ind (USA) 11,577 11,397 1.58 Sensex ended at 16,748, down 277 points. It had earlier touched a days high of 16,824 and a days low of 16,669 after opening at 16,817. The NSE Nifty closed at 5038, down 81 points.Nasdaq Composite(USA) 2,657 2,615 1.63S&P 500 (USA) 1,225 1,201 2.04 GLOBAL MARKETSFTSE 100 (UK) 5,410 5,437 (0.48) US stocks rallied amid optimism about the European debt crisis and after Bank of America Corp. (BAC) postedDAX (Germany) 5,877 5,859 0.31 better-than- estimated results. Financial shares in the S&P 500 surged 5 percent for the best advance amongNikkei 225 (Tokyo) 8,742 8,880 (1.55) 10 industries. DJIA closed at 11,577, up 1.58 percent and S&P closed at 1,225, up 2.04 percent. Post marketHang Seng (Hong Kong) 18,076 18,874 (4.23) close, U.S. stock futures fell after Apple Inc. (AAPL), the world’s biggest company by market value, missedShanghai Comp (China) 2,383 2,440 (2.33) analysts’ profit estimates for the first time since at least 2004. The euro weakened after Moody’s InvestorsKOSPI (South Korea) 1,839 1,865 (1.41) Service cut Spain’s credit rating.STI (Singapore) 2,725 2,779 (1.95)MSCI Emerging Market 365 365 0.00 Asian markets are trading positive following strong trade in global markets. Nikkei is up 0.7 percent, Hang Seng is up 1.5 percent and Strait Times is up 0.4 percent. SGX Nifty is trading up 19 points, at 5074 indicatingMSCI Frontier Market 481 481 0.00 a flat-positive start.BOND MARKETS 18-Oct 17-Oct Change10yr G-Sec Yield 8.74 8.75 (0.01) CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.51 8.51 0.00 Hero MotoCorp Ltd. has posted a net profit of Rs 6,036mn for the quarter ended September 30, 2011LIBOR (6m) 0.21 0.21 0.00 compared to Rs 5,056mn for the quarter ended September 30, 2010. Total income has increased to RsLIBOR (1m) 0.16 0.16 0.00 59,090mn for the quarter ended September 30, 2011 from Rs 46,303mn for the quarter endedInterbank Call rate 8.27 8.29 (0.02) September 30, 2010. Net sales for the reporting quarter stood at Rs 57.80bn compared to Rs 45.10bn in the corresponding quarter a year earlier. Earnings Per Share (EPS) for the second quarter stood at Rs 30.23 versus Rs 25.32 in the year-ago quarter. BSE Turnover Rs Cr(000) Sensex Maruti Suzuki India Ltd. said on Tuesday that it started rolling out cars out of the company’s plant in 17200 2.6 Manesar. The Company rolled out 350 cars from the Manesar plant. 17100 2.5 NATCO Pharma Ltd. on Tuesday said that it has entered into an exclusive agreement with 17000 2.4 Mabxience, the bio-similar division of Chemo Sa Lugano, Switzerland, to purchase four ingredients that 16900 will be used in the manufacture of finished drugs.Under the agreement, NATCO will purchase four mAb 2.3 16800 drug substances from Chemo and use the same for manufacturing finished dosage pharmaceutical 16700 2.2 formulations. Three of these products viz., Trastuzumab, Bevacizumab, Rituximab belong to the 2.1 oncology segment, while Etanerceptis is for the treatment of auto-immune disease. 16600 16500 2.0 JSC SITRONICS, a leading supplier of solutions in telecommunications, IT and microelectronics in Russia 12-Oct 13-Oct 14-Oct 17-Oct 18-Oct and CIS announced that its subsidiary SITRONICS India signed the Memorandum of Understanding (MoU) with Tech Mahindra, a leading provider of solutions and services to the telecommunications industry. NSE Turnover Rs Cr(000) Nifty Chambal Fertilisers & Chemicals Ltd. said on Tuesday that its Board of Directors has granted approval 5140 14 for setting up Single Super Phosphate (SSP) plant at Dahej in Gujarat The Dahej plant will have an 5120 12 annual capacity of 5 Lac MT and will be built at a project cost of approximately Rs 1.22bn. In addition; 5100 10 the Company is also setting up a SSP plant at its existing factory premises at Gadepan in Rajasthan with 5080 88.38 #DIV/0! an annual capacity of 2,00,000 MT. 8 5060 6 Petronet LNG Ltd. on Tuesday announced the unaudited financial results for the quarter ended 5040 5020 4 September 30, 2011. The Company has posted a net profit of Rs 2603.31mn for the quarter ended 2 September 30, 2011 compared to Rs 1311.24mn for the quarter ended September 30, 2010. 5000 Total income for the reporting quarter stood at Rs 53869.85mn versus Rs 30763.11mn for the quarter 4980 0 ended September 30, 2010. 12-Oct 13-Oct 14-Oct 17-Oct 18-Oct
  2. 2. Oct 19, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 18-Oct 17-Oct % Change CORPORATE NEWSFMCG 3,975 3,999 -0.60% Essar Energy plc the India-focused integrated energy company, announced that it hasHC 5,855 5,893 -0.63% signed a power purchase agreement (PPA) with the Bihar State Electricity Board (BSEB)POWER 2,128 2,143 -0.70% for 300 megawatts of contracted capacity from its 1,200MW coal-fired Tori I power stationPSU 7,352 7,409 -0.76% which is under construction in Jharkhand state, India.OIL&GAS 8,550 8,657 -1.24% -1.33% HCL Technologies Ltd. has reported a consolidated net profit of Rs 4.97bn for the fiscalCD 6,714 6,805 first quarter of FY12 as against Rs 5.1bn in the previous quarter. This translates into aBANKEX 10,970 11,131 -1.44% sequential decline of 2.5% over the April to June quarter. Q1 FY12 net profit is up 50%AUTO 8,840 8,989 -1.65% YoY. Consolidated revenues for the reporting quarter (July to September) have come in atMETAL 11,120 11,314 -1.72% Rs 46.51bn versus Rs 43bn in the April to June quarter and YoY growth of 25%.CG 10,683 10,891 -1.92%REALTY 1,792 1,836 -2.38% Coal India Ltd (CIL) has asked the government to scale down its production target for theTECk 3,328 3,434 -3.11% 2011-12 financial year to 448 million tonnes (MT) from 452 MT at present, fearing it willIT 5,462 5,670 -3.67% not be able to make up for slippage in output in the first half of the fiscal. Financial institution IFCIs net profit was marginally down at Rs 198.26 crore for this fiscals second quarter ended September 30. IndusInd Banks net profit for the quarter ended September 2011 rose 45% to 193.09 crore, supported by growth in fee and interest income. Operating profit for the bank wasBSE Upper Circuit Breakers up 27% to 332.98 crore.Company Name 18-Oct 17-Oct % ChangeSanghvi Forging 27 25 10.00 Chambal Fertilisers & Chemicals reported an over 6 per cent increase in net profit to RsSanraa Media 0.1 0.1 10.00 91.65 crore for the quarter ended September 30, 2011 on lower tax expenses.Mahalaxmi Rub 6.4 5.8 10.00 Shares of private sector airlines like Jet Airways, Kingfisher Airlines and Spicejet surgedGyscoal Alloys 25.0 22.8 10.00 0 on Tuesday after the Government hinted that it might allow foreign direct investmentFRONTLINE SECURITIES 31.5 30.0 5.00 (FDI) in the domestic aviation sector. S.E. Investments Limited is an eminent microfinance company which offers varied financial services and micro credit products along with a portfolio in the alternate energy division too. The company announced its financial results for quarter and half year ended September 30, 2011. The revenue for H1FY12 stands at Rs. 1003.5mn with a rise of 17% asBSE Lower Circuit Breakers against Rs. 855.3mn in the same period last year.Company Name 18-Oct 17-Oct % Change Honeywell introduced a new pharmaceutical packaging film that provides the highestNagarjuna Agrichm 82.0 86.3 (5.00) moisture barrier of any film of its type.Nimbus Projects 18.1 19.1 (5.00)Nirav Comm 215.9 227.3 (5.00) NEC Corporation announced an agreement with Tata Teleservices Limited (TTL;Rasandik Engr 38.1 40.1 (5.00) Headquarters: Mumbai), a fast-growing Indian telecom service operator, to newly deployStelco Strips 8.9 9.4 (5.00) NEC’s iPASOLINK platform for the transformation of TTL’s backhaul mobile transport network. Sun Pharmaceutical, which had initiated acquisition of Taro Pharmaceutical Industries four-and-a-half years ago, on Tuesday made a proposal to be the 100 per cent owner of the West Asian drug company, currently holding 66 percent stake in the Israeli subsidiary. GVK Airport Holdings Pvt Ltd, an arm of GVK Power & Infrastructure Ltd (GVKPIL), completed the acquisition of 13.5 per cent stake of Bid Services Division (Mauritius) Ltd in Mumbai International Airport Pvt Ltd (MIAL).COMMODITY 18-Oct 17-Oct % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 111 110 0.14Gold (Rs/10gm) 26,600 26,810 (0.78) Brent Crude Oil ended higher by 0.14% at USD$111 per barrel. Gold ended lower by 0.78% at Rs 26,600 and Silver closed higher by 0.85% at Rs 53,180.Silver (Rs/kg) 53,180 52,730 0.85CURRENCY 18-Oct 17-Oct % Change The Indian Rupee closed lower against the dollar at Rs 49.29 as the Indian equityINR / USD 49.29 48.95 0.69 benchmarks ended on a negative note.USD / Euro 1.36 1.37 (0.73)Yen / USD 76.76 77.22 (0.60)
  3. 3. Oct 19, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSS&P500 1,184.5 1,224.0 3.33 Chinas Q3 GDP grew by 9.1% from the same period last year versus the 9.5% YoYDJIA 11,355.0 11,595.0 2.11 expansion clocked in the previous quarter. Chinas Q3 GDP has come in slightly belowJINDALSWHL 518.1 523.5 1.05 9.2% forecast. Still, this is the ninth straight quarter of GDP expansion above 9% forDENABANK 74.3 74.9 0.74 China. China’s economy grew by 2.3% in the third quarter from the previous threeMCDOWELL-N 882.0 888.1 0.69 months, seasonally adjusted, the statistics bureau said yesterday.MUNDRAPORT 152.5 153.6 0.69 That compared with a revised 2.4% gain for the second quarter.MOSERBAER 22.1 20.8 (5.67)SOBHA 233.0 228.2 (2.08) Inflation in the UK climbed to touch previous record high in September, calling intoABAN 390.5 383.8 (1.73) question the central banks recent move to add to the quantitative easing measures toHCLTECH 400.1 394.5 (1.40) boost growth. Consumer prices in Britain rose 5.2% in September compared to the same month last year, up from a 4.5% annual rate in August. That matched a record set inMLL 25.8 25.5 (1.36) September 2008, the UK Office for National Statistics (ONS) reported. Monthly inflationBAJAJHIND 37.4 36.9 (1.34) was up 0.6% in September. Economists had forecast a 0.4% monthly rise and a 4.9% annual figure.INSTITUTIONAL ACTIVITY (Rs Cr) 8-Oct 7-Oct YTDFII Cash Net 281.2 491.2 (531) India may by this year-end decide on allowing foreign direct investment in multi-brandFII Stock Futures 77.33 -34.61 8,271 retail, according to Commerce Secretary Rahul Khullar.FII Index Futures 357.9 1581.53 13,348Mutual Fund 193.8 184.1 593 Expensive food, clothing and fuel pushed up the Consumer Price Index (CPI) by 1.25 per cent in September vis-a-vis the previous month.VALUATIONS P/E P/B DIV YLD Indias crude oil output is expected to rise 1.3 per cent to 38.19 million tonnes inBSE 17.7 3.2 1.6 2011/12 from a year ago, while natural gas output is likely to edge down to 51.68 billionNSE 17.6 3.1 1.6 cubic meter from a year ago.BSE500 Mcap/GDP Ratio 0.59 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs %Coal India 330.1 2.71 Patni Computer 338.0 15.80 Everest Inds 167.5 11.30HDFC Bank 480.05 0.46 Gujarat Mnrl 175.9 7.03 Kingfisher Air 23.3 6.88Tata Power 100 0.15 Himadri Chem 53.1 6.21 Greenply Inds 215.0 5.89HDFC 672.8 0.02 Shree Global Trd 273.4 4.25 Natco Pharma 233.5 5.56- - - TV18 Broadcast 49.8 3.97 Karma Ind 50.1 4.93TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %TCS 1033.5 -7.71 Chambal Fert 87.5 -13.46 Fineotex Chem 160.3 -18.32Tata Motors 181.15 -3.64 HATHWAY CAB 117.0 -6.29 Jindal World 90.4 -12.91Hindalco Inds 125.45 -3.57 Polaris Soft 134.6 -5.94 BL Kashyap 11.5 -8.11Sterlite Inds 116.65 -3.48 CRISIL 839.3 -5.51 Tree House Edu 164.4 -6.94Wipro 346.3 -2.94 Shri Ganesh Spi 6.7 -4.95 Parrys Sugar 75.9 -6.24 BULK DEALSSCRIP NAME CLIENT NAME TYPE QTY % PRICENSEGitanjali Gems Limited JAIWANTI MERCANTILES PRIVATE LIMITED BUY 1.53% 346.3Hexaware Technologies Lim ELDER VENTURE LLP BUY 2.53% 74.7Rushil Decor Limited PRAKASHBHAI ISHWARBHAI RANA BUY 1.27% 185.0Gravita India Limited CROSSEAS CAPITAL SERVICES PVT SELL 0.63% 442.7Savera Industries Ltd MANOJ KUMAR GOEL BUY 1.23% 40.5BSEBeryl Drugs GLOBALWORTH SECURITIES LIMITED BUY 0.80% 12.8Bloom Dekor SUNIL SITARAM GUPTA BUY 1.20% 14.7Eastern Sugar INDO AUSTRO CORPORATION PVT LTD SELL 1.52% 17.3Gemstone Invest KIRAN BHIKU BHANAES BUY 2.50% 8.8Vertex Sec MANISH RAMESHBHAI VYAS SELL 0.63% 206.9

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