Daily Newsletter - October 7, 2011

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Daily Newsletter - October 7, 2011

  1. 1. Oct 7, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET * 5-Oct 4-Oct % Change COMMENTARYBSE Sensex 15,792 15,865 (0.46) INDIANSE Nifty 4,751 4,773 (0.45) Indian markets extended its declining streak to fourth straight trading session as banking stocks were onceBSE Midcap 5,879 5,936 (0.97) again mercilessly hammered on Wednesday. Moody’s Investor Service had earlier downgraded SBI, shares ofBSE Smallcap 6,645 6,705 (0.90) the public sector banking major slumped another 4%. The Banking index on the BSE and NSE were eachNifty Junior 9,372 9,435 (0.67) down more than 2.5%. Markets had opened with a positive bias tracking a sharp rally in the last hour of theCNX Midcap 6,824 6,879 (0.80) US trading session, the benchmark indices did manage to remain in the green for first half of the day however eventually gave away all its gains led by selling seen in the Banking, Metals, Oil & Gas and Consumer Durables stocks. Even the Mid-Cap and the Small-Cap index lost 1% each. Finally, the BSE Sensex ended atGLOBAL MARKETS 6-Oct 5-Oct % Change 15,792, down 72 points. It had earlier touched a days high of 16,044 and a days low of 15,760 after openingDow Jones Ind (USA) 11,123 10,940 1.68 at 15,967. The NSE Nifty closed at 4,751, down 21 points. The Nifty may find support at the 4730 levels, the recent low and neckline; on the upside 4920 would act as a resistance for the index. Domestically the trendNasdaq Composite(USA) 2,507 2,460 1.90 will be decided by quarterly earnings which would start pouring in from the next week. In addition, IIP andS&P 500 (USA) 1,165 1,144 1.83 monthly inflation data will also play an important role.FTSE 100 (UK) 5,291 5,102 3.71 *Indian markets were closed on 6th October, 2011, Thursday on account of Dussera.DAX (Germany) 5,645 5,473 3.15Nikkei 225 (Tokyo) 8,522 8,383 1.66 GLOBAL MARKETSHang Seng (Hong Kong) 17,172 16,251 5.67 U.S. stocks rallied for a third day and commodities gained as European officials detailed plans to tame theShanghai Comp (China)* 2,359 2,359 0.00 sovereign debt crisis and reports on retail sales and jobless claims bolstered optimism in the economy.KOSPI (South Korea) 1,710 1,667 2.63 European Central Bank President Jean-Claude Trichet said the ECB will resume covered-bond purchases andSTI (Singapore) 2,603 2,529 2.94 reintroduce yearlong loans for banks, while defying calls for an interest-rate cut. U.S. stocks also climbed after applications for jobless benefits climbed by 6,000 to 401,000 (economists projected 410,000 claims) TheMSCI Emerging Market 327 322 1.55 Standard & Poor’s 500 Index gained 1.8 percent to 1,165.MSCI Frontier Market 470 471 (0.21) Asian stocks advanced for a second day as optimism European officials will protect banks from the region’s debt crisis boosted the earnings outlook for lenders and exporters. Nikkei is up 1.1 percent, Hang Seng is up 2.4 percent and Strait Times is up 0.9 percent.BOND MARKETS 5-Oct 4-Oct Change10yr G-Sec Yield 8.54 8.54 0.00 CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.45 8.45 0.00 Apple co-founder Steve Jobs, who transformed the worlds ofpersonal computing, music and mobileLIBOR (6m) 0.21 0.21 0.00 phones, has died at the age of 56 after along battle with pancreatic cancer.LIBOR (1m) 0.16 0.16 0.00Interbank Call rate 8.11 8.11 0.00 Punj Lloyd has announced winning an EPC contract for the first Polysilicon plant of Qatar. The contract has been awarded by Qatar Solar Technologies and is scheduled to be commissioned by mid-2013. The contract is a part of QSTec’s plans to set up a plant worth approximately US$1bn in Qatar, to manufacture 8,000 MTPY (metric tons per year) of high-purity solar grade polysilicon. The site, chosen BSE Turnover Rs Cr(000) Sensex with future expansion in mind, is located on 1.2 million square meters of land in Ras Laffan Industrial 16800 3.0 City in the north east of Qatar, the heart of Qatar’s LNG (liquefied natural gas) refineries and exports. 16600 2.5 16400 Tulsi Extrusions Ltd has bagged cumulative order worth Rs. 110.00 mn from 155 dealers at its 16200 2.0 Rajasthan Regional Dealers Conference held from September 28, 2011 to September 30, 2011 at Jaipur for supply of various sizes of pipes and fittings viz. PVC, LLDPE and HDPE Sprinkler. 16000 1.5 15800 1.0 Bharat Heavy Electricals Limited (BHEL) has secured yet another contract from an Independent 15600 Power Producer (IPP) for setting up a 1,320 MW thermal power plant (2x660 MW) in Madhya Pradesh. 15400 0.5 Valued at Rs. 37,829mn, the order has been secured under International Competitive Bidding (ICB) from 15200 0.0 DB Power (Madhya Pradesh) Limited, a Dainik Bhaskar Group company, for supply and installation of the 29-Sep 30-Sep 3-Oct 4-Oct 5-Oct main plant package for their upcoming coal-based supercritical thermal power project, located in Gorgi village, Tehsil Deosar, in Singrauli District of Madhya Pradesh. India Infoline (IIFL) said on Wednesday US private equity giant Carlyle Group has bought a 9% stake NSE Turnover Rs Cr(000) Nifty in the company from the secondary market for an undisclosed amount. At Wednesdays market price, a 5050 14 9% stake in IIFL, which offers retail and institutional brokerage services, is valued at around Rs 187 crore 5000 12 (about $38 million). 4950 4900 10 88.38 #DIV/0! Wind power company Suzlon Energy said it has bagged an order from GAIL for supply of wind turbines 4850 8 to the state-run gas distribution majors upcoming project in Karnataka. Also, REpower Systems SE – in 4800 6 which Suzlon Energy Limited is the majority shareholder with approximately 95 per cent holding – has 4750 4 concluded a contract with Zuidlob Wind B.V., now owned by Nuon, part of Swedish Vattenfall, for the 4700 delivery of a total of 36 wind turbines. 4650 2 4600 0 29-Sep 30-Sep 3-Oct 4-Oct 5-Oct
  2. 2. Oct 7, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 5-Oct 4-Oct % Change CORPORATE NEWSHC 5,814 5,767 0.80% Intercontinental Hotels Group is planning to enter the Uganda market, according to aREALTY 1,678 1,669 0.55% report. The report stated that the company has signed an agreement with KingdomFMCG 3,820 3,800 0.52% Kampala group. The Kampala Intercontinental will be the first for the group to open inIT 5,154 5,154 0.01% Uganda, says report.AUTO 8,290 8,301 -0.13% -0.17% Frozen food firm Himalya International has formed a 50:50 joint venture with US-basedCG 10,514 10,533 food and agribusiness conglomerate JR Simplot to market its products in the country andTECk 3,171 3,178 -0.19% South East Asia.POWER 2,071 2,080 -0.42%METAL 10,353 10,399 -0.44% Godrej Properties said on Wednesday it has entered into an agreement with Godrej &OIL&GAS 8,234 8,282 -0.58% Boyce (G&B), under which the realtor will act as a development manager for developmentCD 6,139 6,178 -0.62% of the group-owned land in suburban Mumbai. Privately-held Godrej & Boyce is intoPSU 7,160 7,208 -0.67% various businesses including home appliances, security equipment, furniture and processBANKEX 9,962 10,219 -2.52% equipment among others. Reliance Industries has served a notice for suspension of gas supplies to four fertiliser plants in Uttar Pradesh from tomorrow unless they enhance their financial guarantees to cover for state sales tax. RIL on October 1 served a notice for suspension of supplies to plants of Indo Gulf Fertiliser, IFFCO, KRIBHCO, Shyam Fertilisers and Tata Chemicals from 0600 hours tomorrow, sources privy to the development said.BSE Upper Circuit BreakersCompany Name 5-Oct 4-Oct % Change The value of merger and acquisition deals involving Indian companies witnessed a 56%Choksi Lab 12 11 10.00 decline year-on-year to $5.91 billion (approximately Rs 29,000 cr) in the third quarter ofPadmalaya Tele 4.6 4.2 10.00 2011, according to a report by global consultancy firm Grant Thornton. Though the totalPFL Infotech 717.1 683.0 5.00 value of merger and acquisition (M&A) deals in the third quarter this year dropped by 56.25%, there was an increase in the number of transactions, according to the latest issueSacheta Metals 22.1 21.1 5.00 0 of Grant Thorntons Dealtracker report.Ankush Finstock 6.3 6.0 5.00 A day after downgrading its rating of public sector lender SBIs financial strength, Moodys today re-affirmed its rating for ICICI Bank and said the private sector lender continues to maintain a robust franchise and a strong liquidity, capitalisation and earnings profile. City-based jewellery exporter Tara Jewels has received approval from market regulatorBSE Lower Circuit Breakers the Securities and Exchange of India (Sebi) to launch its initial public offer (IPO).Company Name 5-Oct 4-Oct % Change In what could be the biggest deal so far in India’s online gaming sector, The Walt DisneyPrakash Constrowell 183.65 230 (20.00) Company has acquired all the equity in UTV’s (UTV Software) Indiagames for anVisagar Fin Ser 101.8 107.1 (5.00) estimated $80-100 million (Rs 390-490 crore), said industry sources. Indiagames is aDatasoft Appl 3.6 3.8 (5.00) leading developer and publisher of mobile and online games.EMPORIS 75.2 79.1 (5.00)Gujarat Narm Fly 31.8 33.5 (5.00) NMDC Ltd, the public sector mining major, has lined up capex of Rs 2,450 crore for various mining projects. The proposed investments will take NMDC’s capacity to 50 million tonnes per annum (mtpa). The company also initiated a dialogue with a US-based company, to procure technology, to produce coke-equivalent in India from thermal coal. Eicher Trucks and Buses, an arm of VE Commercial Vehicles Limited (VECV) introduced its recent bus offering on Indian roads on Thursday as it handed over the first lot of 10 rear engine semi low floor (RESLF) city buses to Gujarat State Road Transport Corporation (GSRTC).COMMODITY 5-Oct 4-Oct % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 103 100 3.22Gold (Rs/10gm) 26,450 26,030 1.61 Brent Crude Oil ended up by 3.22% at $103 per barrel. Gold ended higher by 1.61% at Rs 26,450 and Silver closed up by 2.44% at Rs 51,323.Silver (Rs/kg) 51,323 50,100 2.44CURRENCY 5-Oct 4-Oct % Change The Indian Rupee closed higher against the dollar at Rs 49.34 as the Indian equityINR / USD 49.34 49.40 (0.12) benchmarks ended on a negative note.USD / Euro 1.33 1.31 1.53Yen / USD 76.71 76.70 0.01
  3. 3. Oct 7, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSMPHASIS 318.3 322.0 1.16 Audi, the German luxury car manufacturer, posted a solid performance in SeptemberVIDEOIND 168.5 170.3 1.04 2011 with a sale of 555 cars, thus recording an impressive growth of 84% (SeptemberHEXAWARE 79.5 80.3 0.94 2010: 302 cars). The luxury carmaker’s sales figure from January to September 2011BEL 1501.0 1,515.0 0.93 (YTD) stood at 4210 cars, a growth of 93% over the same period last year (January –CESC 253.7 256.0 0.93 September 2010: 2178 cars).PATNI 285.4 288.0 0.91S&P500 1184.5 1,086.5 (8.27) Companies in India have gauged the might of social networking and are currentlyDJIA 11355.0 10,515.0 (7.40) spending over Rs. 1,200 crore with 30 to 40 per cent of marketing budget on digitalABAN 338.0 324.8 (3.89) media according to the findings of a study titled ‘Explosion of Social Media:MINIFTY 4939.8 4,773.0 (3.38) Transforming The Corporate Business Scenario,’ by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).TTKPRESTIG 2404.0 2,330.0 (3.08)HAVELLS 347.0 337.8 (2.65) Private equity investment in India touched $1.91 billion in July-September this year, which was 18% higher than that in the same period last year.INSTITUTIONAL ACTIVITY (Rs Cr) 27-Sep 26-Sep YTD For the third quarter of 2011, PE deal values amounted to $1.91 billion, as against $1.71FII Cash Net 88.8 -1006.8 (1,749) billion in the same period last year, according to Grant Thorntons Dealtracker report.FII Stock Futures 16.92 432.52 6,597 In terms of number, the July-September quarter saw 94 deals compared to 58 deals inFII Index Futures 1255.82 -113.18 15,522 the same period last year.Mutual Fund 194.5 37.1 (328)VALUATIONS P/E P/B DIV YLDBSE 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 %Jaiprakash Asso 71.3 3.86 Glodyne Tech 386.0 5.49 Unisys Soft 70.8 8.42DLF 206.45 2.63 Educomp Sol 243.5 4.02 Banco Products 74.0 7.25Sun Pharma 460.15 1.70 Areva T&D 226.3 4.00 Sudarshan Chem 726.0 7.08Coal India 324.7 1.55 D B REALTY 50.8 3.89 Tilaknagar Inds 31.0 6.35ITC 194.4 1.46 PIPAVAVDOC 74.1 3.78 Ineos Abs 594.0 6.34TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %SBI 1715.3 -4.00 Rolta India 70.4 -9.16 Zenith Info 146.6 -11.23Hindalco Inds 120.15 -3.65 Jain Irrigation 131.8 -6.89 Welspun Projects 34.5 -9.58ICICI Bank 778.95 -2.72 Peninsula Land 41.6 -6.42 Halonix 57.4 -8.89HDFC Bank 438.35 -2.65 TTK Prestige 2390.2 -6.29 AGCNET 137.9 -8.86Jindal Steel 445.35 -2.55 Network18 Media 64.1 -6.15 RBN 60.0 -8.40 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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