Sept 23, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 22-Sep 21-Sep % Change COMMENTARYBSE Sensex 16,361 17,065 (4.13) INDIANSE Nifty 4,924 5,133 (4.09) Stock markets around the world got squeezed out with equities across the board rocked by relentless selling.BSE Midcap 6,276 6,476 (3.10) The sentiment in India was hit hard by a worldwide selloff, notwithstanding the latest round of monetaryBSE Smallcap 7,122 7,352 (3.14) easing by the US Federal Reserve. The NSE Nifty suffered its biggest percentage fall since August 2009 whileNifty Junior 9,967 10,311 (3.34) registering its biggest point fall since October 2008. The Sensex had its worst fall in more than a year. TheCNX Midcap 7,233 7,468 (3.15) India Vix index shot up 22.5% in a single day, hitting 33.88 levels. The total turnover on the Indian bourse crossed Rs. 2 lakh crores while the advance-decline ratio was clearly in favour of the bears. Even a material drop in Food Inflation in the second week of September and encouraging words about the Indian economyGLOBAL MARKETS 22-Sep 21-Sep % Change by the Finance Minister failed to sooth frayed nerves. A steep drop in the Indian rupee added to the sourDow Jones Ind (USA) 10,734 11,125 (3.51) mood as investors rushed to the safety of the US dollar. The BSE Sensex ended at 16,361, plunging 704 points. It had earlier touched a days high of 16,834 and a days low of 16,316 after opening at 16,827. TheNasdaq Composite(USA) 2,456 2,538 (3.25) NSE Nifty closed at 4,924, down 210 points.S&P 500 (USA) 1,130 1,167 (3.19) The market breadth was extremely negative, 2,235 stocks declined for only 606 stocks which advanced.FTSE 100 (UK) 5,042 5,288 (4.67) GLOBAL MARKETSDAX (Germany) 5,164 5,434 (4.96) U.S. stocks slumped, giving the Dow Jones Industrial Average its biggest two-day decline since DecemberNikkei 225 (Tokyo) 8,560 8,741 (2.07) 2008, amid investors’ concern that policy makers are running out of tools to avoid another global economicHang Seng (Hong Kong) 17,911 18,825 (4.85) recession. The S&P 500 fell 3.2 percent to 1,130, dropping 7.1 percent in four days. The Dow lost 391Shanghai Comp (China) 2,444 2,513 (2.76) points, or 3.5 percent, to 10,734, bringing its two-day retreat to 5.9 percent. China’s manufacturing mayKOSPI (South Korea) 1,801 1,855 (2.92) shrink for a third month, U.S. jobless claims topped estimates and euro-area services and manufacturingSTI (Singapore) 2,721 2,792 (2.56) output contracted for the first time in more than two years causing global jitters. The Dollar Index advanced to 78.39, the highest level since February.MSCI Emerging Market 364 368 (1.09) Asian stocks are trading weak as the prospects of global recession have kept the Asian stocks on track forMSCI Frontier Market 492 492 0.00 their worst weekly drop since November 2008. Nikkei is trading over 2 percent down, Hang Seng is down 2.8 percent, Strait Times is down 2.2 percent, Kospi is down over 5.2 percent and Shanghai is down 0.2 percent.BOND MARKETS 22-Sep 21-Sep Change10yr G-Sec Yield 8.29 8.32 (0.03) CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.45 8.34 0.11 Reliance Industries Ltd has warned that any attempt to limit cost-recovery is illegal and will beLIBOR (6m) 0.31 0.31 0.00 challenged in court, according to a reprot. The report stated that ministry are upset with RIL becauseLIBOR (1m) 0.21 0.21 0.00 production from the Dhirubhai-1 and 3 (D1 and D3) gas fields in the prolific KG-D6 block has fallen toInterbank Call rate 8.27 8.29 (0.02) about 37 mmcmd, instead of rising to 61.88 mmcmd. There are reports that ministry has attributed the fall in output to non-fulfilment of RIL’s commitment to drill 22 wells in the field. RIL has so far spent $5.694 bn on the two fields and has recovered $5.258 bn from the sale of gas produced, says report. BSE Turnover Rs Cr(000) Sensex 17200 3.0 Food inflation fell to 8.84% in the week ended September 10 from 9.47% in the previous 17000 week, but provided no relief to the common man as prices of key commodities continued to rule high. 2.5 16800 2.0 Lanco Infratech Ltd is planning to raise $3.6 bn of debt to fund three proposed generation 16600 projects,according to a report. The report stated that the company is in talks with Chinese banks to raise 1.5 16400 a part of the borrowing in yuan. The three projects, with a combined capacity of as much as 4,200 16200 1.0 megawatts, may achieve financial closure by March 31, 2012,says report. 16000 0.5 Tata Communications, a global communications service provider, and Essar Telecom Kenya 15800 0.0 (yuMobile), a unit of Essar Group, has announcd the signing of a mutually beneficial strategic sourcing 16-Sep 19-Sep 20-Sep 21-Sep 22-Sep agreement. Multinational power and automation technology company ABB has bagged $71 mn order from Steel Authority of India Ltd (SAIL) for supply of a high-voltage sub-station package to the steel major’s NSE Turnover Rs Cr(000) Nifty Bhilai plant, in Chhattisgarh, according to a report. The report stated that the high voltage sub-stations 5200 16 will enable the additional power supply for steel plant’s annual production capacity. 5150 14 The company would install substation automation systems for the project, which is expected to be 5100 12 completed by 2013, says report. 5050 88.38 #DIV/0!10 5000 8 Tree House Education and Accessories Limited, one of the leading providers of educational services 4950 6 in India and operating the largest number of self-operated pre-schools in the country, has announced 4900 4 an income from operations of Rs. 162.6mn for the quarter ended June 30, 2011. Its profit from operations before other income, interest and exceptional items was Rs. 83mn. It registered a net profit 4850 2 of Rs. 52.2mn for the quarter. The Company’s earnings per share for the quarter was Rs. 22.7mn. For the 4800 0 year ending March 31, 2011, the Company’s achieved a net profit of Rs. 9.19 crore on an income of Rs. 16-Sep 19-Sep 20-Sep 21-Sep 22-Sep 392.4mn.
Sept 23, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 22-Sep 21-Sep % Change CORPORATE NEWSHC 5,884 6,014 -2.16% United Technologies Corp., the Hartford, Conn., industrial major is planning to acquirePSU 7,554 7,759 -2.64% Goodrich Corp. for $127.50 a share cash, or $16.5 bn, according to a report.FMCG 3,825 3,934 -2.77% The report stated that acquiring Goodrich strengthens United Tech’s position in theCD 6,746 6,984 -3.41% growing commercial-aerospace market and enables it to offer more integrated systems.POWER 2,141 2,223 -3.69% Goodrich employs 27,000 people and estimates its 2011 sales at $8 bn, says report.CG 11,374 11,826 -3.83% State Bank of India has doubled the size of its medium-term note issuance to $10IT 5,002 5,203 -3.86% bn, according to a report.AUTO 8,556 8,899 -3.86%BANKEX 10,908 11,360 -3.98% Tata Steel Ltd has agreed to give an annual bonus of Rs1.71 bn to 30,155 employees forTECk 3,125 3,259 -4.10% the year 2010-2011, according to a report.OIL&GAS 8,375 8,742 -4.19%METAL 11,783 12,318 -4.34% Aanjaneya Lifecare Ltd. has clarified that the Company explores various strategic movesREALTY 1,733 1,838 -5.67% from time to time. However, as a policy and in the interest of its shareholders, the Company does not comment on any report relating to potential strategic initiatives unless they have reached the definite stage. IVRCL Assets & Holdings Ltd. said on Thursday that the Union Ministry of Road Transport & Highways, has awarded it a project for "Widening of existing road to 2 lane NH standards along with improvement and realignment from Nechipu to Hoj, viaBSE Upper Circuit Breakers Seppa, Khodaso, Saggalee (part of Trans Arunachal Highway) under Arunachal PradeshCompany Name 22-Sep 21-Sep % Change Package of Roads and Highways on DBFOT, Annuity basis" to Sushee-IVRCL Consortium.Brand Rlty 47 45 5.00 The estimated project cost is Rs 14.86bn for 311 Km. length of the project. The MinistryDelta Mag 34.7 33.0 5.00 shall provide a cash support of Rs 10.04bn to the Concessionaire to implement theLE WATERINA 7.1 6.8 5.00 project.Morarka Fin 8.2 7.8 5.00 0 UltraTech Cement Ltd. may reportedly buy a cargo of 75,000 metric tons of power-Moryo Inds 26.3 25.0 5.00 station coal from Russia after it issued a tender for two shipments. According to reports, the Vedanta Group plans to buy two cargoes of imported thermal coal of Indonesian or South African origin. India may need to import 114mn tons of coal for the year ending March 2012 to plug a supply gap. The gap widened to 83mn tons last year from 50mn in 2007-08 as production growth slowed, added reports.BSE Lower Circuit Breakers State-run Steel Authority of India Ltd (SAIL) plans to spend Rs 14,340 crore ($2.9 billion) 22-Sep 21-Sep % Change in the current fiscal ending March on capacity expansion projects, the company said onCompany Name Thursday.CHISEL 120 134 (10.00)Indian Terrain 104.0 115.6 (10.00) Engineering and construction major Larsen & Toubros hydrocarbon division has baggedCat Tech 9.0 10.0 (10.00) a Rs 700 crore contract from Petroleum Development Oman to set up a 3-MMSCMDSuryachakra Pow 11.5 12.8 (10.00) greenfield gas treatment plant.Indowind Ener 13.3 14.7 (10.00) State-owned NMDC has reached an agreement to purchase a 50% stake in Australia- based Legacy Iron Ore as cornerstone investor for nearly 19 million Australian dollars (AUD), which will mark the PSUs first-ever overseas acquisition. GVK group, of which GVK Power & Infra is a part, is in talks with Indonesias PT Kideco Jaya Agung for divesting part of its stake in the coal mines that it bought last week from Australias Hancock Group for $1.26 billion, business daily Mint said citing two sources.COMMODITY 22-Sep 21-Sep % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 105 111 (5.31)Gold (Rs/10gm) 27,910 28,057 (0.52) Brent Crude Oil ended down at $105 per barrel. Gold ended lower by 0.26 percent at Rs 27,910 and Silver closed up at Rs 61,687.Silver (Rs/kg) 61,687 64,970 (5.05)CURRENCY 22-Sep 21-Sep % Change The Indian Rupee closed sharply lower against the dollar at Rs 49.57 as the Indian equityINR / USD 49.57 48.32 2.59 benchmarks ended on a very negative note.USD / Euro 1.34 1.36 (1.47)Yen / USD 76.37 76.37 -
Sept 23, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSABGSHIP 377.0 394.5 4.64 Indias monsoon rains were reportedly 29% above normal in the week to Sept.RAYMOND 333.3 338.0 1.43 21, strengthening from 1% above average in the previous week. According toS&P500 1184.5 1,201.3 1.41 reports, monsoon rains were 4% above average since the start of the June-SeptemberDHANBANK 76.0 76.5 0.66 season, in line with the weather offices latest forecast of a normal monsoon inTULIP 155.0 156.0 0.65 2011, which means rains of 96 to 104% of a long-term average. Monsoon rains areRUCHISOYA 111.7 112.3 0.54 crucial to crop production in 60 percent of the country that does not have adequateMOSERBAER 22.0 20.9 (5.23) irrigation.BHUSANSTL 328.9 315.0 (4.23)EKC 74.1 71.7 (3.17) The combined serial inkjet and page printer, copier and multifunction product (MFP)VIPIND 987.0 967.2 (2.01) market in India totaled 666,859 units in the second quarter of 2011, a 0.8 percent decline from the second quarter of 2010, according to Gartner, Inc.BOMDYEING 348.0 342.0 (1.72)ASHOKLEY 26.2 25.7 (1.72) Sharad Pawar, Farm Minister was quoted as saying on September 26 India will review an estimate of sugar output. According to reports, Sugar production in the country may beINSTITUTIONAL ACTIVITY (Rs Cr) 13-Sep 12-Sep YTD 24.6mn metric tons in the year starting October, compared with 24.3 mn tons this year.FII Cash Net -369 -779.2 5,150 Output may be as much as 26mn tons next year.FII Stock Futures 289.3 -83.85 4,287FII Index Futures 132.61 -1075.25 8,873 Tata Capital, a subsidiary of Tata Sons, announced that it will form a joint ventureMutual Fund -62 -93.9 5,367 company with Groupe Aeroplan Inc., a Canadian Loyalty Marketing company, to launch a multi-party coalition loyalty program in India.VALUATIONS P/E P/B DIV YLDBSE 18.4 3.4 1.5NSE 18.2 3.1 1.4BSE500 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 % - - - KGN Inds 23.5 4.91 Astral Poly 216.7 18.97 - - - Shree Cement 1848.3 1.61 Marathon Next 255.1 18.35 - - - Mindtree 355.3 1.57 Nitin Fire 43.2 8.74 - - - Aventis Pharma 2275.0 0.88 NOUVEAU 7.5 8.24 - - - HT Media 144.8 0.73 Asian Hotels (East) 307.5 5.49TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %Jaiprakash Asso 67.1 -9.33 S Kumar Nation 46.5 -9.63 AP Paper 309.9 -15.63DLF 197.9 -7.16 Educomp Sol 221.7 -9.55 Entegra 24.1 -11.23Sterlite Inds 125.1 -6.82 Delta Corp 102.7 -8.88 Trident Ltd 12.5 -10.78RIL 786.5 -6.16 Shree Renuka Sug 57.9 -8.82 Aptech 119.2 -10.21Tata Motors 154.9 -5.98 JUBILANT 195.6 -8.60 Parenteral Drug-$ 106.3 -9.96 BULK DEALSSCRIP NAME CLIENT NAME TYPE QTY % PRICENSEEveronn Education Limited JMP SECURITIES PVT LTD BUY 2.30% 329.5K S Oils Limited VASANTI SHARE BROKERS LIMITED BUY 1.05% 12.3UFLEX Limited WISDOMTREE TRUST BUY 2.55% 170.9Novopan Industries INDIRA KRISHNA REDDY SELL 0.86% 43.9Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9BSEArora Fibres GREENFIELD DEVELOPERS BUY 1.56% 27.5BGIL Films S. K. INVESTMENTS BUY 1.89% 6.3Gemstone Invest JINAL APURVA RAWAL SELL 2.25% 8.9SV Electricals PARIND SUSHIL PAREKH SELL 1.80% 11.2Sanraa Media JMP SECURITIES PVT LTD BUY 2.30% 0.1