Your SlideShare is downloading. ×
Daily newsletter - October 20, 2011
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Daily newsletter - October 20, 2011

250
views

Published on

For the details, Check the link below - …

For the details, Check the link below -

http://www.fullertonsecurities.co.in/equity/markets/research_reports.aspx

Published in: Economy & Finance, Business

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
250
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Oct 20, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET * 19-Oct 18-Oct % Change COMMENTARYBSE Sensex 17,085 16,748 2.01 INDIANSE Nifty 5,139 5,038 2.01 Markets rallied 2% tracking gains across Asia and Europe as investors remained hopeful of the progress in theBSE Midcap 6,194 6,114 1.30 European Union to contain the debt crisis and buying in banking shares back home also helped. Also Bank ofBSE Smallcap 6,898 6,854 0.64 England voted in favour of an additional 75 billion pounds of stimulus to propel Britain’s ailing economy.Nifty Junior 9,870 9,781 0.92 Investors cashed into banking shares after HDFC Bank reported upbeat results; Axis Bank, State Bank of IndiaCNX Midcap 7,142 7,048 1.34 and ICICI Bank advanced almost 3% each. Hero MotoCorp zoomed 4% on good results and management commentary that it does not expect high fuel prices, interest rates and inflation to affect demand for motorcycles in FY12. All the components on the Sensex ended in the green. Major contributors to the SensexGLOBAL MARKETS 19-Oct 18-Oct % Change were Reliance Industries, ICICI Bank and Larsen & Tourbo, up 2-4% each. The rise in trade was broad basedDow Jones Ind (USA) 11,505 11,577 (0.63) with the small-cap and mid-cap stocks also chipping in with decent gains, however it underperformed the large-cap benchmarks. Market breadth was positive, 1,670 stocks advanced, for 1,136 stocks which declinedNasdaq Composite(USA) 2,604 2,657 (2.01) on the BSE. Finally, the BSE Sensex ended at 17,085, up 337 points while NSE Nifty closed at 5139, up 102S&P 500 (USA) 1,210 1,225 (1.26) points.FTSE 100 (UK) 5,451 5,410 0.74DAX (Germany) 5,914 5,877 0.61 GLOBAL MARKETSNikkei 225 (Tokyo) 8,772 8,742 0.35 U.S. stocks fell and the euro erased gains as a split emerged between France and Germany on ways to boostHang Seng (Hong Kong) 18,309 18,076 1.29 the European bailout fund, while the Federal Reserve said companies grew more pessimistic about theShanghai Comp (China) 2,377 2,383 (0.27) economy. Stocks, the euro and commodities turned lower as France and Germany disagreed on the role ofKOSPI (South Korea) 1,855 1,839 0.88 the European Central Bank in leveraging the rescue fund and banks lobbied against forced recapitalizationsSTI (Singapore) 2,720 2,725 (0.17) and larger writedowns of Greek debt. French President Nicolas Sarkozy flew to Germany to join the talks as European leaders assembled in Frankfurt in an effort to narrow divisions before an Oct 23 summit. TheMSCI Emerging Market 359 365 (1.64) Standard & Poor’s 500 Index sank 1.3 percent to close at 1,210.MSCI Frontier Market 479 481 (0.42) Asian stocks fell and copper declined for a fourth day as a split emerged between France and Germany on a rescue plan for Europe. Nikkei is trading down 0.9 percent, Hang Seng is down 1.7 percent and Strait Times is down 0.4 percent. SGX Nifty is trading down 52 points, at 5094 indicating a gap-down opening.BOND MARKETS 19-Oct 18-Oct Change10yr G-Sec Yield 8.78 8.74 0.04 CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.68 8.51 0.17 HDFC Bank Ltd. reported a net profit of Rs. 11.99bn for the fiscal second quarter of FY12 versus Rs.LIBOR (6m) 0.21 0.21 0.00 9.12bn in the same period a year earlier. Total income increased to Rs. 79.29bn for the quarter endedLIBOR (1m) 0.16 0.16 0.00 September 30, 2011 compared to Rs. 57.71bn in the quarter ended September 30, 2010. NIMs for Q2Interbank Call rate 8.26 8.27 (0.01) FY12 stood at 4.1% vs 4.2% in the first quarter. Net interest income (interest earned less interest expended) for the quarter ended September 30, 2011, grew by 16.6% to Rs. 29.44bn, driven by the asset growth and NIM of 4.1%. Other income for the reporting quarter stood at Rs. 12.12bn versus Rs. 9.61bn in the year-ago period. BSE Turnover Rs Cr(000) Sensex 17200 2.5 Hindustan Zinc Ltd posted a net profit of Rs. 13,446.90 million for the quarter ended September 17100 2.5 30, 2011 as compared to Rs. 9,487.20 million for the quarter ended September 30, 2010. Total Income 2.4 has increased from Rs. 23,856.40 million for the quarter ended September 30, 2010 to Rs. 30,236.00 17000 2.4 million for the quarter ended September 30, 2011. 16900 2.3 16800 2.3 Crompton Greaves Ltd. posted a net profit of Rs. 1,123.20 million for the quarter ended September 16700 2.2 30, 2011 as compared to Rs. 1,584.90 million for the quarter ended September 30, 2010. Total Income 2.2 has increased from Rs. 14,640.70 million for the quarter ended September 30, 2010 to Rs. 14,682.90 16600 2.1 million for the quarter ended September 30, 2011. 16500 2.1 14-Oct 17-Oct 18-Oct 19-Oct 20-Oct Dish TV India Limited reported second quarter fiscal 2012 revenues of Rs. 4,822 million, representing a 48% growth over the corresponding period last fiscal. EBITDA for the quarter stood at Rs. 1,218 million, compared to Rs. 503 million in the corresponding period last fiscal. EBITDA margin recorded at 25.3%. Foreign exchange loss hiked net loss by Rs. 304 million. The Board of Directors in its NSE Turnover Rs Cr(000) Nifty meeting, have approved and taken on record the unaudited financial results of Dish TV for the quarter 5160 12 ended on September 30, 2011. 5140 10 5120 Pharma major, Lupin Ltd., announced that its subsidiary, Lupin Pharmaceuticals Inc. (LPI) has received 5100 88.38 #DIV/0!8 final approval for its Levetiracetam Oral Solution, 100 mg/mL from the U.S. Food and Drug 5080 Administration (FDA) for the company’s Abbreviated New Drug Application (ANDA) to market a generic 6 5060 version of UCB’s KEPPRA Oral Solution 100 mg/mL. Commercial shipment of the product shall 5040 4 commence shortly. 5020 2 5000 Everonn Education Limited on Wednesday got shareholders’ nod to dilute its 12 per cent to Dubai- 4980 0 based Varkey Group for a consideration of around Rs 138 crore. 14-Oct 17-Oct 18-Oct 19-Oct 20-Oct
  • 2. Oct 20, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 19-Oct 18-Oct % Change CORPORATE NEWSREALTY 1,846 1,792 3.00% Axis Bank, the countrys third-largest private lender, has been granted a banking licenceBANKEX 11,266 10,970 2.69% in Sri Lanka and will start operations at its first branch this week, the island nations centralOIL&GAS 8,744 8,550 2.27% bank said on Wednesday. The bank posted a net profit growth of 27% to Rs 940 croreCG 10,898 10,683 2.02% ($191.2 million) in the June quarter. Axis Bank is the fifth Indian bank to enter SriAUTO 9,001 8,840 1.81% Lanka, hoping to catch a piece of the growing economy after the end of a three-decade 1.80% civil war in 2009. State Bank of India, Indian Bank, ICICI Bank, and Indian Overseas Bank areMETAL 11,320 11,120 already in Sri Lanka. Earlier this year, Indian Bank opened a branch in Sri Lankas northernPSU 7,475 7,352 1.67% city of Jaffna, in the former war zone, aiming to get a piece of the growing post-warHC 5,945 5,855 1.53% reconstruction lending pie.TECk 3,378 3,328 1.50%IT 5,535 5,462 1.33% Indraprastha Gas Ltd, the sole supplier of CNG to automobiles and piped cooking gas toFMCG 4,017 3,975 1.04% households in the national capital region, yesterday reported 16.5% rise in net profit to RsPOWER 2,148 2,128 0.94% 77.22 crore in the second quarter ended September 30, 2011. The company had posted aCD 6,770 6,714 0.84% net profit of Rs 66.27 crore in the July-September quarter of 2010-11. "On an overall basis, there is 23% growth in sales volume during this quarter over the corresponding quarter of FY11, with daily sale averaging at 3.22 million standard cubic metres per day. IT firm Mastek posted a consolidated net loss of Rs 27 crore for the quarter ended September 30, 2011.The company had posted a net loss of Rs 13.46 crore in the July- September quarter last year, Mastek said in a filing to the BSE. On standalone basis, theBSE Upper Circuit Breakers company posted a net loss of Rs 25 crore, against a net loss of Rs 14.77 crore in the sameCompany Name 19-Oct 18-Oct % Change quarter previous fiscal. During first quarter of FY12, the company added four newRefex Refr 13 12 10.00 customers, taking the total to 91. As on September 30, 2011, the company had a cash andSanraa Media 0.1 0.1 10.00 cash equivalent of Rs 120.6 crore.Moser Baer 24.3 22.1 10.00 Bajaj FinServs net profit sprang 127% to Rs 158 crore for the second quarter endedPolycon Intl 13.5 12.2 10.00 0 September 2011 as compared to Rs 69 crore a year ago. Income from operations alsoVardhman Poly 80.6 73.3 10.00 jumped a healthy 52% to Rs 714 crore as against Rs 470 crore in September 2010. Amid volatility in stock markets, blue-chip state-owned company SAIL has decided against issuing fresh equity, though the government will go ahead with its proposal to offload 5% stake in the firm. The Government holds a 85.82% stake in the maharatna company. The 5% stake sale in Steel Authority of India (SAIL) is likely to fetch theBSE Lower Circuit Breakers government over Rs 2,000 crore at current market prices. Shares of SAIL are trading 19-Oct 18-Oct % Change currently at Rs 105 on the BSE. SAILs FPO has failed to meet deadlines repeatedly sinceCompany Name December 2010, due to several reasons, like rising coking coal prices and problems withJosts Engr 409.5 431.0 (5.00) merchant bankers, besides adverse market conditions. The government plans to offload aSahara Hous 78.1 82.2 (5.00) 5% stake in the company, which would fetch it around Rs 12,000 crore, nearly one-third ofShaily Engr 184.5 194.2 (5.00) the Budget disinvestment target of Rs 40,000 crore.Nirav Comm 205.2 215.9 (5.00)S.Kumars Unitexx 16.6 17.5 (5.00) Torrent Power posted a 31% increase in net profit at Rs 292 crore for the second quarter ended September 2011 as against Rs 223 crore a year ago. Net sales too rose 11% to Rs 1,896 crore from Rs 1,708 crore in the same period a year ago. Hyderabad-based Coromandel International Limited, the country’s second largest phosphatic fertiliser player, is planning to invest over Rs 500 crore in the next couple of years to ramp up its production capacity to 4 million tonnes from the present 3.25 million tonnes.COMMODITY 19-Oct 18-Oct % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 111 111 0.10Gold (Rs/10gm) 26,458 26,600 (0.53) Brent Crude Oil ended higher by 0.10% at USD$111 per barrel. Gold ended lower by 0.53% at Rs 26,458 and Silver closed lower by 1.81% at Rs 52,215.Silver (Rs/kg) 52,215 53,180 (1.81)CURRENCY 19-Oct 18-Oct % Change The Indian Rupee closed higher against the dollar at Rs 49.15 as the Indian equityINR / USD 49.15 49.29 (0.28) benchmarks ended on a positive note.USD / Euro 1.38 1.36 1.47Yen / USD 76.75 76.76 (0.01)
  • 3. Oct 20, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSABGSHIP 399.3 404.9 1.42 Foreign Direct Investment (FDI) into China grew at the slowest pace in three months inSTRTECH 38.3 38.8 1.17 September, as overseas companies turned cautious amid mounting concerns about theTRIVENI 22.5 22.8 1.11 health of the global economy given the debt crisis in eurozone and anemic growth inTATACOMM 185.3 187.3 1.05 the US. September FDI rose by a mere 7.9% to US$9bn, the Ministry of Commerce said inKSOILS 9.9 10.0 1.01 a statement today. That compares with a growth of 11.1% in August and 19.8% in July.GESHIP 242.0 244.4 0.97 However, China attracted FDI totaling US$86.68bn in the first nine months of 2011, upHOTELEELA 38.2 38.5 0.92 16.6% year-on-year. FDI from the US declined 9.88% YoY to US$1.88bn in the January-SOUTHBANK 23.7 23.4 (1.48) September period, while inflows from the European Union were down 1.8%HINDZINC 121.0 119.7 (1.12) YoY, Commerce Ministry spokesman, Shen Danyang said.EXIDEIND 131.8 130.4 (1.10)MOSERBAER 24.6 24.3 (1.02)HCLTECH 407.0 402.9 (1.01)INSTITUTIONAL ACTIVITY (Rs Cr) 11-Oct 10-Oct YTDFII Cash Net 183.1 281.2 (383)FII Stock Futures -179.45 77.33 8,092FII Index Futures 631.45 357.9 13,979Mutual Fund 344.5 193.8 273VALUATIONS P/E P/B DIV YLDBSE 18.3 3.4 1.5NSE 18.4 3.1 1.5BSE500 Mcap/GDP Ratio 0.31 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs %DLF 239.2 4.16 MVL 26.8 16.52 Indraprastha Med 38.7 15.03Hero MotoCorp 2066.9 4.13 Parsvnath Dev 78.3 9.05 Om Metals 34.3 13.95L&T 1399.6 3.74 Anant Raj Inds 53.3 8.45 Alembic Pharma 45.2 10.78Jaiprakash Asso 73 3.33 Coromandel Intl 326.3 6.13 Moser Baer 24.3 9.98Wipro 357.5 3.23 IPCA Lab 247.3 5.91 Arshiya Intl 157.9 9.69TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %- - - Honeywell Auto 2408.5 -5.84 Karuturi Glob 5.0 -8.24- - - Shri Ganesh Spi 6.4 -4.91 Sutlej Textiles 162.5 -7.80- - - IL&FS TRANS 205.1 -3.28 NAVIN FLUORI 372.4 -6.89- - - Info Edge India 670.1 -2.18 Kirloskar Pneu 514.0 -6.04- - - Patni Computer 331.1 -2.03 Oricon Enter 45.0 -5.66 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