Sept 8, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET *                           07-Sep       06-Sep         ...
Sept 8, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR                            07-Sep    06-Sep    % Change     CO...
Sept 8, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC                   Cash          Futures         ...
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Daily Newsletter - Sep 8, 2011

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Transcript of "Daily Newsletter - Sep 8, 2011"

  1. 1. Sept 8, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET * 07-Sep 06-Sep % Change COMMENTARYBSE Sensex 17,065 16,863 1.20 INDIANSE Nifty 5,125 5,064 1.20BSE Midcap 6,474 6,394 1.24 Indian markets had a positive session on Wednesday, with the main indices notching strong gains on theBSE Smallcap 7,307 7,197 1.53 back of a global surge in equities and persistent inflows from the overseas investors. The Nifty recapturedNifty Junior 10,333 10,152 1.78 the 5100 mark while the BSE Sensex re-conquered the 17,000 level. The rally was not restricted to the Large- Caps only, with the non-index counters also joining the party. Markets extended the upswing led byCNX Midcap 7,508 7,398 1.49 sustained strength in Realty, Power, Capital Goods and the Banking space. The BSE Mid-Cap index gained 1.2%, while BSE Small-Cap index added 1.5%. Markets started off with smart gains amid positive cues from the Asian markets. The gains accelerated after European indices posted solid gains following a recentGLOBAL MARKETS 07-Sep 06-Sep % Change drubbing. FII inflows have gained some traction lately which has partly been the driving force behind theDow Jones Ind (USA) 11,415 11,139 2.48 recovery from recent lows. Finally, the BSE Sensex ended at 17,065, adding 202 points. The NSE Nifty closedNasdaq Composite(USA) 2,549 2,474 3.04 at 5,125, up 60 points.S&P 500 (USA) 1,199 1,165 2.90 BSE market breadth was positive. Out of 2,960 stocks traded, 1,823 stocks advanced while 1,004 stocksFTSE 100 (UK) 5,319 5,157 3.14 declined on the BSE.DAX (Germany) 5,404 5,194 4.03Nikkei 225 (Tokyo) 8,764 8,591 2.01 GLOBAL MARKETSHang Seng (Hong Kong) 20,048 19,711 1.71 US stocks rose, rebounding from a four -day global slump amid speculation of President Obamas plan forShanghai Comp (China) 2,516 2,470 1.85 more than USD 300bn in economic stimulus will boost growth. The dollar weakened against the euro afterKOSPI (South Korea) 1,833 1,767 3.78 legal challenges to Germanys role in the regions rescue funds were rejected by the nations top court. DJIASTI (Singapore) 2,832 2,774 2.08 closed at 11,415, up 2.4 percent while S&P closed at 1,199, up 2.9 percent.MSCI Emerging Market 382 382 0.00MSCI Frontier Market 494 497 (0.60) Asian stocks are trading mixed amid speculation that U.S will do more to stimulate its economy and Europe may resolve its debt crisis, boosting outlook for exporters. Nikkei is up 0.45 percent, Shanghai is up 0.17 percent, Kospi is up 0.45 percent, Hang Seng is down 0.2 percent and Strait Times is trading flat.BOND MARKETS 07-Sep 06-Sep Change10yr G-Sec Yield 8.31 8.28 0.03 CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.30 8.30 0.00 First Solar, the worlds largest solar company by market value, said it will supply 100 megawatts (MW)LIBOR (6m) 0.39 0.39 0.00 of solar modules to Reliance Power in what it called the biggest supply deal in the fast-growingLIBOR (1m) 0.16 0.16 0.00 market. Due of Indias abundant solar resource and significant energy demand, the countrys market isInterbank Call rate 7.9 8.0 (0.09) expected to be one of the fastest growing in the world, although most solar product makers have had difficulties getting significant deals there. Education solutions provider Educomp Solutions said it has received a Rs 60.72 crore order from the BSE Turnover Rs Cr(000) Sensex Chhattisgarh government for implementation of ICT solutions across 582 government high schools 17100 3.5 and higher secondary institutes. The order, received on August 27, 2011, covers six districts, namely 17000 3.0 Sarguja, Jashpur, Korba, Korea, Raigarh and Janjgir Champa, Educomp said in a statement. 16900 2.5 The Indian unit of Britains BG Group is in talks with state-run Oil and Natural Gas Corp (ONGC) to 16800 2.0 acquire a stake in a gas block off the countrys east coast, the BG Indias president said on Wednesday. 16700 1.5 16600 1.0 Tata Motors said it has cut production in both the passenger and commercial vehicle segments in order to align its output with market demand. 16500 0.5 16400 0.0 Sistema Shyam TeleServices (SSTL), which operates telecom services under the MTS brand, reported 30-Aug 2-Sep 5-Sep 6-Sep 7-Sep a net loss of Rs 657.6 crore for the second quarter ended June 30, 2011. The company had posted a net loss of Rs 661.3 crore for the same quarter of the previous fiscal, SSTL said in a statement. Countrys largest two-wheeler maker Hero MotoCorp said it will start dropping the Honda brand from NSE Turnover Rs Cr(000) Nifty its existing products this fiscal. 5140 14 5120 Jubilant Foodworks, the master franchise of Dominoss International in South Asia, plans to enter 5100 13 5080 Bangladesh after opening the first Dominos Pizza outlet in Sri Lanka earlier this month. 88.38 13 #DIV/0! 5060 5040 12 Aurobindo Pharma Ltd and OJSC Diod, Russian manufacturer of ecological healthcare equipment 5020 and nutrition supplements, have established a 50:50 JV in Russia to market and sell in Russia, Belarus 5000 12 and Kazakhstan. 4980 11 4960 4940 11 30-Aug 2-Sep 5-Sep 6-Sep 7-Sep
  2. 2. Sept 8, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 07-Sep 06-Sep % Change CORPORATE NEWSREALTY 1,807 1,747 3.42% The Society of Indian Automobile Manufacturers (SIAM) said the size of thePOWER 2,252 2,199 2.43% domestic passenger vehicles market is likely to touch 5.6 million units by 2017, despiteCG 12,467 12,208 2.12% the market witnessing a slowdown in recent months.BANKEX 11,283 11,049 2.12%METAL 12,796 12,543 2.02% TVS Motor Co, Indias third-largest two-wheeler maker, plans to raise 3-wheeler capacity to 8,000 per month from 6,000 by April, HS Goindi, president of marketing, toldPSU 7,780 7,637 1.87% reporters on the sidelines of an industry conference.OIL&GAS 8,698 8,616 0.95%CD 6,565 6,532 0.51% Honda Motorcycle & Scooter India (HMSI) said it will launch a 100-cc motorcycleTECk 3,181 3,166 0.49% priced between Rs 40,000 and Rs 45,000 next financial year. The company also said itHC 6,004 5,980 0.40% will review the prices of its existing products next month in order to minimise theAUTO 8,795 8,766 0.33% impact of escalating raw material costs.IT 4,990 4,981 0.18%FMCG 3,978 3,983 -0.13% State-run Shipping Corp of India is in the process of conducting due diligence to buy a 10-15% stake in an Indian shipbuilder, but the process could take time, its Chairman said on Wednesday. Aurobindo Pharma said it has formed an equal joint venture with Russian healthcare equipment company Ojsc Diod to manufacture and sell drugs in Russia, Belarus and Kazakhstan. Aurospharma Company, the new JV will set up a plant to make NonBSE Upper Circuit Breakers Penicillin and Non Cephalosporin Rx generics and other drugs that are categorised asCompany Name 07-Sep 06-Sep % Change Over-the-Counter (OTC) products in Russia, the company said in a release.Rossell India 49 41 20.00VASCON ENG 54.0 45.0 20.00 Tata Group-owned luxury car maker Jaguar Land Rover (JLR) said it is looking toVBC Ferro-$ 203.8 169.9 20.00 increase manufacturing of its vehicles in India in order to escape the high duty on itsRELIGAR TEC 59.5 49.6 20.00 products imported to the country. 0Morganite Cruc 417.9 380.0 10.00 The Oil Ministry has rebuked its technical arm, the DGH, for reopening the issue of the marketing margin that RIL (Reliance) charges on selling KG-D6 gas, but may seek the Law Ministrys opinion to ascertain if the firm can be asked to share those revenues with the government. The ministry has conveyed its displeasure to the Directorate General of Hydrocarbons (DGH) at the highest levels over the reopening of a long-settled issue, sources privy to the development said.BSE Lower Circuit BreakersCompany Name 07-Sep 06-Sep % Change Aditya Birla Capital Advisors, the private-equity arm of the Aditya Birla Group, said onMorgan Ventures 9.7 10.2 (5.00) Wednesday it had raised Rs 220 crore ($48 million) in its second private equity fund thatNeemtek Org 105.6 111.2 (5.00) would invest in to proven business concepts across sectors that were in early stages of (5.00) exponential growth. This was the initial closing for the Aditya Birla Private Equity -Polytex India 227.4 239.3 Sunrise Fund, while it will continue to receive investments before its final closingRanjeev Alloys 10.7 11.2 (5.00) shortly, it said, without clearly mentioning the timeline.Thakkers Dev 83.9 88.3 (5.00) The government said that the state-run BSNL had entered into an arrangement with Swan Telecom, which is under CBI scanner for 2G scam, for intra-circle roaming services and infrastructure sharing, but clarified that no irregularity was found in the PSU.COMMODITY 07-Sep 06-Sep % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 115 111 3.48 (2.90) Brent Crude Oil ended higher at $115 per barrel . Gold ended lower by 2.90 percent atGold (Rs/10gm) 27,217 28,030 Rs 27,217 and Silver closed down by 3.89 percent at Rs 66,655.Silver (Rs/kg) 66,655 69,354 (3.89)CURRENCY 07-Sep 06-Sep % Change The Indian Rupee closed higher against the dollar at Rs 46.07 as the Indian equityINR / USD 46.07 46.11 (0.09) benchmarks ended on a positive note.USD / Euro 1.40 1.41 (0.71)Yen / USD 77.34 77.26 0.10
  3. 3. Sept 8, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSTRIVENI 23.9 24.2 1.26 Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday,KSOILS 9.9 10.0 1.01 ending a tumultuous two-year tenure marked by stagnating growth and a rift withGVKPIL 18.2 18.3 0.83 Chinese partner Alibaba.LITL 18.4 18.6 0.82TULIP 145.8 147.0 0.82 Amid fears of slowdown in the global economy resurfacing, the Plan panel yesterdayFSL 12.9 13.0 0.78 said it will not be easy to achieve 9% growth during the 12th Plan (2012-17).HINDPETRO 391.8 377.9 (3.56)IOC 317.1 308.4 (2.76) Terror struck the Capital when a powerful bomb placed in a briefcase ripped through aBGRENERGY 343.1 334.1 (2.61) crowded reception area at the entrance to the High Court this morning killing 11SCI 87.3 85.1 (2.52) people and leaving 64 injured. The "high intensity" bomb blast outside the High Court compound between Gate No. 4 and 5 occured at 10.14 AM when 100 to 200 litigantsPTC 75.6 74.0 (2.05) were waiting to get passes to enter the premises. Some lawyers were also present atVIPIND 913.6 895.7 (1.95) that time.INSTITUTIONAL ACTIVITY (Rs Cr) 25-Aug 24-Aug YTD The Indian animation industry is poised to touch Rs 4,375 crore by 2013, growing at aFII Cash Net -1494 -757.4 3,090 compound annual growth rate (CAGR) of 23%, driven by a strong demand fromFII Stock Futures 382.47 166.95 903 entertainment and other sectors, a study said.FII Index Futures -179.53 338.61 9,190 According to a joint study by industry chamber Assocham and Deloitte, the IndianMutual Fund 202.5 94.4 6,050 animation industry is expected to touch Rs 4,375 crore by 2013, from Rs 2,325 crore in 2010.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 %Jaiprakash Asso 71.4 7.70 IVRCL LTD 44.7 14.63 VASCON ENG 54.0 20.00HDFC Bank 488.0 3.42 Tata Invest 510.2 11.24 SML Isuzu 407.5 18.88Coal India 391.3 3.38 Eicher Motors 1468.7 7.49 Genesys Intl 224.0 14.85Tata Power 1038.7 3.38 Torrent Pharma 630.0 7.05 Amar Remedies 113.3 13.53NTPC 167.4 2.95 Abbott India 1563.8 6.74 Nilkamal 278.0 12.94TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %ITC 200.2 -0.99 JUBL FOOD 957.3 -3.81 Modern India 39.0 -9.30Mahindra & Mahindra 786.6 -0.99 Infotech Enter 121.0 -2.85 Sical Logistics 67.7 -8.58Infosys 2291.2 -0.53 Redington India 94.6 -2.77 KIRL INDUS 302.4 -5.40Bajaj Auto 1640.0 -0.20 Gujarat Mnrl 185.6 -2.62 Oriental Hotels 26.9 -5.11Hindustan Unilever 319.5 -0.13 TTK Prestige 2971.1 -2.60 Prabhav Inds 95.5 -4.98 BULK DEALSSCRIP NAME CLIENT NAME TYPE QTY % PRICENSEMindTree Limited Coffee Day Resorts Pvt Ltd BUY 5.68% 428.0MindTree Limited Ashok Soota SELL 5.50% 428.0Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 0.55% 307.6Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 0.86% 62.9Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9BSEBedmutha Inds INVENTURE GROWTH & SECURITIES LTD. BUY 1.23% 123.0BGIL Films KAILASH CHANDRA BUY 0.80% 4.7Gemstone Invest SUKRATI CONSULTANCY SERVICES SELL 2.25% 8.9Monnet Ispat BLACKSTONE MANAGEMENT PARTNERS BUY 1.80% 478.1Sanraa Media JMP SECURITIES PVT LTD BUY 2.30% 0.1

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