1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Thursday, August 11, 2011
Domestic Markets Snapshot
Name of Index Aug 9 Aug 10 Change (%) Views on markets today
Sensex 16,857.91 17,130.51 1.62% • Indian equity markets after being battered for six
CNX Nifty 5,072.85 5,161.00 1.74% consecutive sessions made a smart comeback on
BSE Mid-cap 6,406.07 6,554.22 2.31% Wednesday and ended 272.60 points or 1.62% higher
BSE IT 5,041.44 5,163.08 2.41% at 17130.51 as US Federal Reserve pledged to keep
BSE Banks 11,675.18 11,953.78 2.39% interest rates low for 2 years more further added by
the confidence on the stabilization of markets in next
FII Activity (`Cr) few days said by the Indian finance minister. Asian
Date Buy Sell Net markets tailing the trajectory of the US stocks which
9-Aug 2415 4376 -1961 rose to a two high after the US Federal Reserve
8-Aug 1857 2967 -1110 stepped in to stem a global equity route, ended
Total Aug 14486 20039 -5553 substantially higher. Meanwhile, the European shares
rose on Wednesday extending the previous day’s
2011 YTD 398079 394898 3181
gains in a volatile session as investors bought oversold
MF Activity (`Cr) stocks in a relief rally. On the BSE Sectoral front, Auto
Date Buy Sell Net up 4.17%, Realty up 2.98%, Consumer Durables up
8-Aug 926 601 325 2.61%, IT up 2.41% and Bankex up 2.39% were the
5-Aug 1212 855 357
major gainers. On the flip side, FMCG down 0.47% and
Oil & Gas down 0.19% were only the losers.
Total Aug 4061 3470 591
2011 YTD 83723 79627 4368 • Market breadth was very strong at ~3.17x due to the
favorable global cues further added stability in the
Volume & Advances / Declines country as said by finance minister yesterday. Both
NSE BSE FIIs and Domestic institution bought equities worth
Trading Volume (`Cr) 12,081 2,828 `152.87 Cr and `289.95 Cr.
Advances 1,238 2,205 • Asian stocks declined Thursday, as fresh worries about
Declines 248 696 Europe’s sovereign-debt troubles soured sentiment.
Unchanged 25 84 However, most of the markets are off their day lows.
Total 1,511 2,985 • We expect a weak opening for the Indian markets as
Global Markets the cues from the Asian markets are negative.
However, considering the current trend markets may
Index Latest Values Change (%)
see some recovery during the day. Inflation may add
DJIA 10,719.94 -4.6% to the volatility.
NASDAQ 2,381.05 -4.1%
Nikkei * 8,922.32 -1.3% Economic and Corporate Developments
Hang Seng * 19,660.63 -0.6%
• As the global economy slips into further uncertainty,
* as of 8.45AM IST the Planning Commission said it was likely to lower its
Currencies / Commodities Snapshot average annual economic growth target for the 12th
Latest Previous five-year plan (2012-17) to 8.5 to 8.7%, as against the
Quote Close 9 to 9.5% contemplated earlier.
Indian Rupee per $ 45.16 45.25 • An Empowered Group of Ministers (EGoM) on food,
Indian Rupee per € 64.23 64.95 headed by Finance Minister Pranab Mukherjee, is
NYMEX Crude Oil($/bbl) 82.72 82.89 scheduled to meet on Friday to decide on allowing
Gold ($/oz) 1,785.90 1,784.30 more sugar exports and lifting ban on wheat exports.
Silver ($/oz) 38.97 39.29
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS
(BSE A-Group) Key events today
Previous Current Change • WPI based weekly food and fuel inflation data.
Company Name
Close (`) Price (`) (%)
Rashtriya Chem 72.45 81.60 12.63 Buzzing Stock
Chambal Fert 93.20 102.90 10.41
• Fortis Healthcare International planning to buy 65%
National Fert 80.65 87.85 8.93 stake in Vietnam- based Hoan My Medical
Shriram Trans 598.20 650.30 8.71 Corporation for `285Cr.
JUBL FOOD 763.80 825.00 8.01
• Piramal Healthcare to buy 5.5% stake in Vodafone
(BSE Mid-Cap) Essar for $640 million.
Previous Current Change • Leela group set to sell its property in Kovalam near
Company Name
Close(`) Price(`) (%)
Kerala for `500Cr to NRI Ravi Pillai.
Page Inds 1983.85 2380.60 20.00
Monsanto India 1608.15 1873.15 16.48 • Unity Infraprojects bags projects worth `253Cr.
Rashtriya Chem 72.45 81.60 12.63 • Neyveli Lignite is seen eyeing three of the NTPC’s
TTK Prestige 2759.90 3074.70 11.41 coal block in Jharkhand even as power ministry has
India Sec 46.75 51.95 11.12 asked for a review of coal ministry’s decision to de-
allocate these blocks.
TOP LOSERS • NHPC Ltd plans to raise `2,000Cr in debt by March as
(BSE A-Group) it looks to boost capacity.
Previous Current Change
Company Name
Close(`) Price(`) (%) US markets
Great Eastern Sh 247.50 237.05 -4.22 US markets dropped sharply on Wednesday as
Indian Oil Corp 338.20 326.35 -3.50 worries intensified about Europe’s sovereign-debt
Torrent Power 223.00 217.70 -2.38 crisis. The Dow Jones Industrial Average fell 519.83
ONGC 286.20 279.85 -2.22 points, or 4.6%, to 10,719.94. The Standard & Poor’s
Financial Tech 781.95 766.60 -1.96 500 Index dropped 51.77 points, or 4.4%, to
(BSE Mid-Cap) 1,120.76, with financials slammed the hardest and
utilities faring the best of its 10 major industry
Previous Current Change
Company Name groups. The Nasdaq Composite Index shed 101.47
Close(`) Price(`) (%)
points, or 4.1%, to 2,381.05. The markets had been
KGN Inds 42.50 40.40 -4.94
hampered by the investors after the rumor came
Polaris Soft 146.65 140.35 -4.30
that S&P will downgrade France.
Great Eastern Sh 247.50 237.05 -4.22
Mindtree 403.25 389.05 -3.52
Bajaj Elect-$ 205.75 199.45 -3.06
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