1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Saturday, April 28, 2012
Domestic Markets Snapshot Views on markets today
Name of Index Apr 26 Apr 27 Change (%) • Indian markets ended flat yesterday, as gains in ICICI
Sensex 17,130.67 17,134.25 0.02% Bank after its better-than-expected results were offset
CNX Nifty 5,189.00 5,190.60 0.03% by continued profit-taking in recent outperformers
BSE Mid-cap 6,247.89 6,240.80 -0.11% such as ITC, reflecting the deep uncertainty by
BSE IT 5,502.26 5,568.19 1.20% investors. The domestic markets lost ~1.4% for the
BSE Banks 11,666.23 11,684.72 0.16% week, with trading dominated by Standard & Poor's
FII Activity (`Cr) cut in India's sovereign ratings outlook to negative in
light of the country's deep economic and fiscal
Date Buy Sell Net
challenges. Foreign flows have turned negative this
26-Apr 3,352 3,548 -196
month, driven as well by continued uncertainty over
25-Apr 2,178 2,458 -280
taxation for overseas investors under the so-called
Total Apr 31,948 34,024 -2074
GAAR proposals. ICICI Bank gained 2.3%, helping the
2012 YTD 232,182 188,929 43252 indexes end marginally higher, after posting a larger-
MF Activity (`Cr) than-expected 31% rise in quarterly profit. Hexaware
Date Buy Sell Net Technologies rose 1.92% after also posting a better
26-Apr 725 876 -152 that expected earnings. The software services
provider also expects improving revenues and profits
25-Apr 448 558 -110
in the second quarter and year ahead. Tea producer
Total Apr 8,237 8,892 -654
McLeod Russel India rose 3.5%, while travel company
2012 YTD 44,182 50,410 -6228
Cox and Kings gained 1.6% after Credit Suisse
Volume & Advances / Declines initiated coverage of both with "outperform" ratings,
NSE BSE citing growth, cash flows, and valuations. While
Trading Volume (Cr) 57.03 22.10 Hindustan Construction Company lost 5.8% after
Turnover (`Cr) 9,948 2,209 posting a higher-than-expected net loss of `541.7mn
Advances 573 1,023 due to slowing order flows and the non-payment of
Declines 908 1,113 claims.
Unchanged 71 759 • Market breadth was lower at ~0.92x as investors sold
Total 1,552 2,895 large cap stocks. On provisional basis, FIIs sold equity
Global Markets of `3.76bn while domestic institutions bought equity of
`1.42bn in cash segment.
Index Latest Values Change (%)
DJIA 13,228.31 0.2% • We expect a positive opening for the Indian markets
NASDAQ 3,069.20 0.6% today, following the positive cues from the US
Nikkei * 9,520.89 -0.4% markets. However, a low volume and flat trades are
Hang Seng * 20,741.45 -0.3% expected on account of short trading session.
* as of 8.25AM IST Economic and Corporate Developments
Currencies / Commodities Snapshot
• An Empowered Group of Ministers would meet on
Latest Previous Tuesday next week to discuss telecom regulator Trai's
Quote Close
recommendations.
Indian Rupee per $ 52.45 52.55
Indian Rupee per € 69.50 69.32
NYMEX Crude Oil($/bbl) 104.59 104.93
Gold ($/oz) 1,663.20 1,664.00
Silver ($/oz) 31.23 31.35
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group)
• India Cements is planning to invest around `750Cr in
Previous Current Change one of its plants located at Thalavai in Ariyalur
Company Name
Close(`) Price(`) (%) district of Tamil Nadu. The proposed investment is
Bajaj Finserv 702.30 743.95 5.93
aimed at expanding the existing capacity of the
Essar Oil 50.00 52.50 5.00
plant to two million tonne, from the present 1.8
Indiabulls Fin 224.15 234.00 4.39 million tonne a year.
Biocon 229.95 239.15 4.00
• M&M proposes to set up `3,000Cr plant in
GMR Infra 26.60 27.35 2.82
Uttarakhand.
(BSE Mid-Cap)
• IDFC is in the early stages of raising `5,500Cr for
Previous Current Change infra fund.
Company Name
Close(`) Price(`) (%)
Godfrey Phil 3450.50 3759.00 8.94 • Indian Bank cuts base rate by 25 bps to 10.50% and
Bajaj Finserv 702.30 743.95 5.93 cuts BPLR by 25 bps to 14.75% w.e.f May 1.
Balkrishna Inds 279.50 293.45 4.99 US markets
Shree Global Trd 93.30 97.80 4.82
Edelweiss Capital 28.75 30.05 4.52
U.S. stocks rallied, driving the Standard & Poor’s 500
Index to its best weekly gain since March, as earnings
TOP LOSERS from Apple Inc. and Amazon.com Inc. to AT&T Inc. beat
forecasts and Federal Reserve Chairman Ben S.
(BSE A-Group) Bernanke said he’s ready to do more to stimulate the
Previous Current Change economy if needed.
Company Name
Close(`) Price(`) (%)
Astrazeneca Ph 2212.45 2047.40 -7.46
The Dow Jones Industrial Average rose 23.69 points or
0.18%, to 13,228.31. The S&P 500 Index gained 3.38
Lanco Infra 13.80 12.85 -6.88
points, or 0.24%, to 1,403.36. The NASDAQ Composite
Suzlon Energy 22.25 21.35 -4.04
index advanced 18.59 points, or 0.61%, to 3,069.20.
Power Finance 174.85 168.65 -3.55
Canara Bank 440.55 425.25 -3.47
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Astrazeneca Ph 2212.45 2047.40 -7.46
Lanco Infra 13.80 12.85 -6.88
Fresenius Kabi 147.80 139.50 -5.62
Hindustan Const 21.35 20.15 -5.62
Sterlite Tech 37.50 35.55 -5.20
Keynote Capitals Institutional Research (research@keynotecapitals.net) (+9122-30266000)

3. K E Y N O T E
INSTIT UT IONAL R ES EAR C H
India and Global Economic Calendar
Countries / Monday Tuesday Wednesday Friday
Regions 30/Apr 1/May 2/May 4/May
India Indian Economic Forex Reserves Data
data
Weekly Supplement
of RBI
US Data of Personal Construction Factory order data Average Hourly
Income and Outlays Spending (MoM) Earnings (YoY &
MoM) & Average
Weekly Hours
Nonfarm Payrolls
Unemployment Rate
Global Germany retail Sales UK's Purchasing Germany PMI
Manager Index manufacturing &
Manufacturing Service index and
unemployment rate
data
UK consumer credit
& money supply and
construction PMI
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