K E Y N O T E INSTITUTIONAL RESEARCHIndia Morning NoteMonday, April 09, 2012Domestic Markets Snapshot Views on markets today Name of Index Apr 3 Apr 4 Change (%) • Indian markets snapped three-day winning streak and Sensex 17,597.42 17,486.02 -0.63% closed on negative note on Wednesday as data showing slowdown in growth in the services sector in CNX Nifty 5,358.50 5,322.90 -0.66% March 2012 and weak global stocks hurt investors’ BSE Mid-cap 6,475.50 6,473.87 -0.03% sentiment. The HSBC Markit Business Activity index BSE IT 6,113.68 6,106.42 -0.12% fell to a five-month low of 52.3 in March as optimism BSE Banks 12,015.76 11,925.08 -0.75% about the business outlook faded. However, the sameFII Activity (`Cr) indicator showed input prices charged to consumers inched up, suggesting inflation could remain high. Date Buy Sell Net Global stock were traded weak markets after Spanish 3-Apr 2,010 1,641 369 borrowing costs jumped at a bond auction, which 30-Mar 7,061 5,763 1298 came a day after U.S. equities were already hit when Total Apr 2,010 1,641 369 the Federal Reserve appeared less inclined to provide 2012 YTD 202,244 156,548 45696 more stimulus. Except power and consumer durables, all sectoral indices closed on negative note with realMF Activity (`Cr) estate, metal, bank and oil & gas stocks were major Date Buy Sell Net losers. Real estate stocks also reversed recent gains, 3-Apr 525 406 119 ending down on fears a less aggressive central bank 2-Apr 334 421 -87 would further hit a sector with struggling earnings. Total Apr 859 827 32 Coal India fell 0.34% after the reports that the government has issued a presidential decree to force 2012 YTD 36,804 42,346 -5542 CIL to guarantee long-term fuel supply to privateVolume & Advances / Declines power firms, as it used its discretionary authority to NSE BSE trump independent directors who resisted pressure Trading Volume (Cr) 61.18 25.42 from the Prime Ministers Office and said such pacts would harm the company. Maruti Suzuki gained 0.47% Turnover (`Cr) 8,797 2,127 after Morgan Stanley upgraded the stock to Advances 702 1,446 "overweight" and raised its target price on the stock, Declines 771 1,344 saying Indias top car makers earnings would recover Unchanged 82 126 in the year ending March 2013. Total 1,555 2,916 • Market breadth was however marginally strong atGlobal Markets ~1.08x as investors bought mid and small cap stocks. On provisional basis, both FIIs and domestic Index Latest Values Change (%) institutions bought equities worth `0.46bn and DJIA 13,060.14 -0.11% `1.27bn, respectively. NASDAQ 3,080.50 0.40% • Asian markets mostly lower today, as the yens gains Nikkei * 9,585.91 -1.06% after a weak U.S. employment report Friday and Hang Seng * 20,593.00 -0.95% Japans return to current account surplus in February* as of 8.25AM IST pressured exporter stocks in Japan.Currencies / Commodities Snapshot • We expect a weak opening for the Indian markets, Latest Previous tracking the cues from the Asia. Quote Close Economic and Corporate Developments Indian Rupee per $ 51.17 51.09 • The Power Ministry has set a target of generating Indian Rupee per € 66.72 66.75 9,20,000 million units of electricity this year, of which NYMEX Crude Oil($/bbl) 102.07 103.31 over 1,50,000 million units would come from the Gold ($/oz) 1,639.50 1,628.50 private sector alone, says a Central Electricity Silver ($/oz) 31.77 31.73 Authority report.Keynote Capitals Institutional Research (firstname.lastname@example.org) (+9122-30266000) Keynote Capitals Institutional Research is also available onBloomberg KNTE <GO>, Thomson One Analytics, Reuters Knowledge, Capital IQ, TheMarkets.com and securities.com Keynote Capitals Institutional Research - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business To unsubscribe from this mailing list, please reply to email@example.com
K E Y N O T E INSTITUTIONAL RESEARCHTOP GAINERS Buzzing Stocks(BSE A-Group) • BHEL has approached the Tamil Nadu government to Previous Current Change reconsider its decision on cancelling a joint venture Company Name Close(`) Price(`) (%) (JV) for the Rs 8000-crore Udangudi power project in Bajaj Finserv 666.75 703.90 5.57 downstate Tuticorin. Pantaloon Retl 167.30 174.40 4.24 • Mahindra Satyam (formerly Satyam Computer Apollo Tyres 80.40 83.45 3.79 Services Limited) said that a group of investors led BHEL 264.20 273.55 3.54 by Aberdeen Asset Management have claimed Max India 169.20 175.00 3.43 damages of over $150mn (approximately `750Cr)(BSE Mid-Cap) from the company for the losses they suffered post the confession of accounting frauds by its founder B Previous Current Change Ramalinga Raju in 2009. Company Name Close(`) Price(`) (%) Bajaj Corp 120.35 129.15 7.31 • Cipla is set to tap the European inhaler market with Bajaj Finserv 666.75 703.90 5.57 generic drug launches in those markets. The India Cements 108.75 113.90 4.74 company, with its product pipeline of 11 products, is Kansai Nerolac 904.35 945.25 4.52 mainly targeting a smaller pie of the blockbuster KSK Energy 59.05 61.70 4.49 drug Seretide—a $2.5bn product. • Faced with a shortfall in gas production from its KG-TOP LOSERS D6 field, Reliance Industries Ltd (RIL) is set to make its debut in the marketing of imported natural gas.(BSE A-Group) India Gas Solutions, the equal joint venture between Previous Current Change RIL and British Petroleum (BP) set up to source and Company Name Close(`) Price(`) (%) market natural gas in India, will shortly bring in Essar Oil 59.75 56.75 -5.02 liquefied natural gas (LNG) through the terminals of Unitech 30.20 29.10 -3.64 Shell India and Petronet LNG. Jindal Steel 543.00 525.90 -3.15 • With a view to tap opportunities provided by the GMR Infra 31.20 30.25 -3.04 increasing construction activities in the Tier II and III Opto Circuits 193.50 187.90 -2.89 cities, flooring and interior solutions provider Nitco(BSE Mid-Cap) plans to have 250 exclusive stores Le Studio in the Previous Current Change next three years, a senior company official has said. Company Name Close(`) Price(`) (%) US markets REI Agro 11.71 10.87 -7.17 U.S. stocks on Thursday closed with weekly losses as Sobha Dev 329.95 315.00 -4.53 investors weighed Europe’s return to the headlines Unitech 30.20 29.10 -3.64 against positive weekly claims data ahead of Friday’s Edelweiss Capital 30.50 29.45 -3.44 nonfarm payrolls report for March. CHOLAFIN 182.50 176.65 -3.21 The Dow Jones Industrial Average on Thursday declined 14.61 points, or 0.1%, at 13,060.1. The S&P 500 Index fell nearly 1 point to 1,398.08. The Nasdaq Composite Index added 12.41, or 0.4%, points to 3,080.50.Keynote Capitals Institutional Research (firstname.lastname@example.org) (+9122-30266000)
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