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Daily Newsletter - October 4, 2011
Daily Newsletter - October 4, 2011
Daily Newsletter - October 4, 2011
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Daily Newsletter - October 4, 2011

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  • 1. Oct 4, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 3-Oct 30-Sep % Change COMMENTARYBSE Sensex 16,151 16,454 (1.84) INDIANSE Nifty 4,849 4,943 (1.91) The Indian markets ended the Mondays trading session with heavy losses (FIIs sold worth Rs 8.3bn onBSE Midcap 6,013 6,130 (1.90) Monday) as the NSE Nifty closed below the 4850 levels, kicking off the week on a sour note. Markets openedBSE Smallcap 6,779 6,881 (1.48) gap down, tracking downbeat global cues, amid reports that Greece’ s new austerity plans would miss theNifty Junior 9,614 9,822 (2.12) budget targets set by global lenders for extending a second round of bailout. A spate of disappointingCNX Midcap 6,961 7,094 (1.87) domestic economic statistics only added to the list of global issues. The Centre’s fiscal situation is not desirable after it said last week that it will borrow Rs 530bn more in the second half of FY12; the current account deficit has swelled (despite healthy exports growth) and the external debt is also increasing.GLOBAL MARKETS 3-Oct 30-Sep % Change Inflation continues to prompt the RBI to maintain its aggressive monetary tightening stance. TheDow Jones Ind (USA) 10,655 10,913 (2.36) manufacturing PMI data showed a sharp drop in September, falling to a two-and-a-half year low. All the sectoral indices ended in the red with BSE realty, metal and bankex dropping 3-4.5% each. Auto sharesNasdaq Composite(USA) 2,336 2,415 (3.28) recovered from the days lows on strong sales numbers from most of the companies. The BSE Sensex closedS&P 500 (USA) 1,099 1,131 (2.83) at 16,151 down 302 points. While, NSE Nifty ended at 4849 down 94 points.FTSE 100 (UK) 5,076 5,128 (1.03) The BSE market breadth was negative. Out of 2,894 stocks traded, 1,906 stocks declined while 876 stocksDAX (Germany) 5,377 5,502 (2.28) advanced.Nikkei 225 (Tokyo) 8,545 8,700 (1.78) GLOBAL MARKETSHang Seng (Hong Kong) 16,822 17,592 (4.38) U.S stocks and commodities sank, sending the S&P 500 index and oil to more than one-year lows, and theShanghai Comp (China)* 2,360 2,360 0.00 euro slid as concern about Europe’s debt crisis overshadowed higher-than-estimated U.S. economic data.KOSPI (South Korea)* 1,769 1,769 0.00 Greeces draft budget sent to parliament on Monday showed Athens would miss its deficit targets for bothSTI (Singapore) 2,621 2,675 (2.02) this year and next despite harsh new austerity measures. The revelations brought the specter of a Greece default closer as eurozone finance ministers met to discuss the next steps toward resolving the currencyMSCI Emerging Market 341 346 (1.45) areas sovereign debt crisis. The Standard & Poor’s 500 Index lost 2.9 percent to 1,099, lowest level since SeptMSCI Frontier Market 477 478 (0.21) 8, 2010, and came within 1 percent of extending its decline from this year’s high to 20 percent. Asian stocks and oil dropped a third day, on concern Europe’s debt crisis will worsen. Nikkei is down 1.6 percent, Hang Seng is flat and Strait Times is down 1.4 percent.BOND MARKETS 3-Oct 30-Sep Change10yr G-Sec Yield 8.51 8.29 0.22 CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.45 8.34 0.11 Indias manufacturing sector output expanded at its slowest pace in two and a half years in SeptemberLIBOR (6m) 0.21 0.21 0.00 as the Reserve Bank of India (RBI) persisted with its aggressive monetary tightening stance despite tell-LIBOR (1m) 0.16 0.16 0.00 tale signs of moderation in the economy. The Purchasing Managers’ Index (PMI) was at 50.4 from 52.6Interbank Call rate 8.21 8.27 (0.06) in August, HSBC Holdings Plc and Markit Economics said in a statement. That was the weakest reading since March 2009. A number above 50 indicates expansion while any reading below it denotes contraction. BSE Turnover Rs Cr(000) Sensex The Asian Development Bank is planning to sell 5.2% stake in Petronet LNG Ltd, which the state- 16800 2.6 owned gas utility GAIL India Ltd is keen to acquire and may have to pay over Rs. 6bn for it, according to 16700 2.5 a report.The report stated that ADB has offered to sell its 39 million shares or 5.2 percent stake in 16600 Petronet, which is valued at over Rs. 6.14bn. GAIL, Oil and Natural Gas Corp, Indian Oil and Bharat 16500 2.4 Petroleum hold a 12.5%stake each, to restrict the public sector holding in the company at 50%, says 16400 2.3 report. 16300 16200 2.2 16100 2.1 The government of India reportedly plans to open fully single-brand retail sector to Foreign Direct 16000 Investments (FDI). The government has considered allowing foreign firms such as global retail giant 15900 2.0 Wal-Mart to invest in supermarkets, but lack of political consensus and concerns of small-shop owners 15800 1.9 have so far prevented the move. According to reports, in the absence of supermarket reform, the 27-Sep 28-Sep 29-Sep 30-Sep 3-Oct government may free up the single brand sector to send a positive signal about the countrys investment climate. Foreign retailers such as Wal-Mart, Carrefour SA, Tesco Plc and Metro AG see Indias 1.2 billion population as one of the worlds last largely untapped markets. NSE Turnover Rs Cr(000) Nifty Hero MotoCorp reported that the total two-wheeler sales jumped 26.75% to 5.49 lakh units in 5050 14 September 2011 over September 2010. 5000 12 10 Business conglomerate Mahindra & Mahindra plans to make an entry into the affordable housing 4950 88.38 #DIV/0! segment with homes priced up to Rs 10 lakh across many cities in the country. 8 4900 6 Low-cost carrier (LCC) SpiceJet plans to set up five more regional hubs in an effort to connect all major 4850 4 towns through its 70-seater Bombardier aircraft. The Gurgaon-based carrier, which started its regional 4800 2 operations from Hyderabad last month, plans to have the hubs in Chennai, Ahmedabad, Bangalore, Kolkata and Delhi. 4750 0 27-Sep 28-Sep 29-Sep 30-Sep 3-Oct
  • 2. Oct 4, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 3-Oct 30-Sep % Change CORPORATE NEWSAUTO 8,465 8,498 -0.39% The International Air Transport Association (IATA) announced traffic results for August.HC 5,832 5,868 -0.61% While passenger demand was up 4.5% over the previous August, this represents aOIL&GAS 8,428 8,494 -0.78% significant slowing from the 6.0% recorded in July. The decline in freight marketsPSU 7,338 7,404 -0.89% accelerated. The 3.8% contraction in freight markets recorded in August was more thanTECk 3,216 3,252 -1.10% double the pace of July’s 1.8% decline.FMCG 3,852 3,910 -1.50% Drug firm Strides Arcolab said it has received the US health regulators approval toIT 5,196 5,275 -1.51% market injectable Clindamycin USP, used in the treatment of bacterial infections, in thePOWER 2,093 2,125 -1.54% American market. The product will be available in three single-dose vial sizes and inCD 6,258 6,361 -1.63% pharmacy bulk packaging, Strides Arcolab said in a statement.CG 10,473 10,743 -2.52%BANKEX 10,545 10,851 -2.82% IT consultancy major Accenture said it has bagged a contract from the SikkimMETAL 10,556 10,996 -4.00% government to set up an e-governance portal that will provide citizens with easy accessREALTY 1,682 1,763 -4.59% to government services. Financial details of the contract were not divulged. Anil Ambani-led Reliance Power said it would earn Rs 2,000 crore by trading carbon credits from its Tilaiya ultra mega power project (UMPP) during the first 10 years of its operations. Reliance Powers Tilaiya UMPP in Jharkhand has got approval for carbon credits from the United Nations Framework Convention on Climate Change (UNFCCC), the company said in a statement.BSE Upper Circuit BreakersCompany Name 3-Oct 30-Sep % Change JSW Steel Ltd on Monday denied reports of raids by the CBI at its Vijaynagar unit inSimplex Trad 194 185 5.00 Karnataka.TGF MEDIA SY 18.9 18.0 5.00VELJAN 467.4 445.1 5.00 IT training services provider Edserv Softsystems said Hindi daily Dainik Bhaskar has picked up a 2.7% stake in the firm for Rs 15 crore.Worldwide Leath 6.7 6.4 5.00 0Aroma Enterprises 70.0 66.7 5.00 Auto-maker VE Commercial Vehicles said it recorded a 19.75% jump in sales during the month of September, 2011, to 4,627 units. The joint venture between Volvo Group and Eicher Motors had sold 3,864 units in the same month last year, VE Commercial Vehicles (VECV) said in a statement. VECVs domestic sales in September increased to 4,152 units from 3,665 units in the same month a year ago, a jump of 13.29%, the company added.BSE Lower Circuit Breakers Commercial vehicle giant Ashok Leyland has launched its first light commercial vehicle 3-Oct 30-Sep % Change (LCV) ‘Dost’ in Gujarat from Rajkot. The new LCV has been jointly developed by AshokCompany Name Leyland and the Nissan Motor Company.Firstobject Tech 54.20 57 (5.00)Gemini Comm 22.8 24.0 (5.00) Alstom India, undeterred by losing out NTPC’s Rs 8,000-crore contract for the supply nineSAH Petroleums 28.5 30.0 (5.00) units of 800-Mw steam turbine and generator units to BGR Energy during a recentSwiss Glasscoat 33.3 35.0 (5.00) bidding process, plans to go back to the drawing board to rework its strategy therebyJOSTS ENGINEERING CO 405.7 427.0 (5.00) relook at the new benchmark in this sector. The company is geared up to participate in the bidding for all types of turbines both super critical and non-super critical during the 12th Plan. Hyderabad-based Vivimed Labs Limited has acquired Kolkata-headquartered Klar Sehen Private Limited (KSPL), a 30-year-old pharmaceutical company, for an undisclosed amount.COMMODITY 3-Oct 30-Sep % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 101 102 (1.11)Gold (Rs/10gm) 26,500 26,050 1.73 Brent Crude Oil ended down by 1.1% at $101.2 per barrel. Gold ended higher by 1.73% at Rs 26,500 and Silver closed up at Rs 52,070.Silver (Rs/kg) 52,070 50,905 2.29CURRENCY 3-Oct 30-Sep % Change The Indian Rupee closed lower against the dollar at Rs 49.19 as the Indian equityINR / USD 49.19 48.97 0.45 benchmarks ended on a negative note.USD / Euro 1.33 1.36 (2.21)Yen / USD 76.86 76.64 0.29
  • 3. Oct 4, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSGITANJALI 343.9 353.0 2.65 ŠkodaAuto India, a fully owned subsidiary of Škoda Auto a.s., Czech Republic and one ofPATNI 270.1 274.2 1.54 the most promising automobile companies in India, today announced a growth ofADANIENT 506.0 512.7 1.32 12.75% for September ’11 over the same period last year. ŠkodaAuto India’s total salesFEDERALBNK 357.0 361.0 1.11 for September’11 stood at 1654 units against 1467 units for September ’10.GLAXO 2104.0 2,127.0 1.09TATACOMM 183.6 185.4 0.98 Indian coffee exports reportedly rose 30% in the January-September period.AccordingABAN 348.0 331.0 (4.89) to reports, shipments advanced to 292,416 metric tons from 224,426 tons a year earlier.BHUSANSTL 326.8 313.0 (4.22) This is more than the 290,287 tons the country had exported in 2010. The value ofS&P500 1184.5 1,145.0 (3.33) exports in the period increased to $890.8mn from $482.7mn a year ago, added reports.DJIA 11355.0 10,992.5 (3.19) Indian tea production reportedly advanced by 3.5% in August. Output increased to 127MOSERBAER 20.9 20.3 (2.87) million kilograms in August from 122.7 million kilograms a year earlier.DLF 199.7 196.2 (1.75) According to reports, production advanced to 618.6 million kilograms in the January- August period from 584.9 kilograms a year earlier. Exports in the eight months throughINSTITUTIONAL ACTIVITY (Rs Cr) 23-Sep 22-Sep YTD August fell to 109 million kilograms from 124.1 million kilograms a year ago.FII Cash Net -1189.5 -1234.5 3,986FII Stock Futures -89.33 -395.85 (329) The UKs manufacturing activity unexpectedly expanded for the first time in threeFII Index Futures -446.8 -1813.5 14,380 months in September, a private survey showed on Monday. The Markit/CIPSMutual Fund 8.6 -41 5,462 manufacturing PMI headline activity index rose to 51.1 last month from an upwardly revised 49.4 in August. That was well above the 48.6 forecast. None of the economistsVALUATIONS P/E P/B DIV YLD surveyed expected a reading above the 50 mark that separates growth from contraction.BSE 17.7 3.2 1.6NSE 17.6 3.1 1.6BSE500 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 336.5 1.13 Kansai Nerolac 875.0 4.32 Hatsun Agro 105.0 12.90ONGC 268.55 1.07 Educomp Sol 245.8 3.10 Modern India 37.9 10.67HEROMOTOCO 1958.7 0.87 Glaxosmithkl Cons 2394.0 2.78 SE Investments 10.1 4.90Mahindra & Mahindra 809.35 0.85 Rallis India 176.6 2.47 Hindustan Compo 514.0 4.89Bharti 380.55 0.65 Zuari Inds 555.5 2.34 Sanghi Inds 15.7 4.53TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %DLF 201.6 -7.82 Sintex Inds 111.7 -12.36 Henkel India 26.5 -16.03Jindal Steel 474.75 -6.02 Shipping Corp 75.2 -9.62 Asian Hotels (East) 299.9 -10.58Hindalco Inds 124.15 -5.45 Anant Raj Inds 53.8 -7.09 Shree Nath Comm 12.1 -9.81Tata Steel 394.7 -4.95 Dewan Housing 218.8 -6.93 Excel Crop 149.8 -7.90Sterlite Inds 108.95 -4.3 JSL 93.7 -6.40 Spanco 128.2 -7.90 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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