1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Wednesday, August 17, 2011
Domestic Markets Snapshot
Name of Index Aug 12 Aug 16 Change (%) Views on markets today
Sensex 16,839.63 16,730.94 -0.65% • Indian markets fell for a third straight session
CNX Nifty 5,072.95 5,035.80 -0.73% yesterday, wiping out early gains as a lower-than-
BSE Mid-cap 6,513.68 6,397.33 -1.79% expected German GDP growth dragged European
BSE IT 5,004.70 5,049.95 0.90% stocks, renewing fears of a global economic slowdown.
BSE Banks 11,636.74 11,497.29 -1.20% A marginal easing of WPI inflation for July at 9.22%
against 9.44% a month ago, failed to soothe nerves in
FII Activity (`Cr)
a fragile market, as the still-high inflation number and
Date Buy Sell Net persistent price pressures in manufactured goods
12-Aug 2381 2785 -404 raised the odds that policy will have to stay tight in
11-Aug 2426 2332 94 the economy despite the rising risks to growth. Midcap
Total Aug 22573 28188 -5615 and Smallcap indices underperformed the Sensex,
2011 YTD 406165 403048 3118 losing around 2%, led by fund based selling in
infrastructure stocks. Except IT and FMCG, all sectoral
MF Activity (`Cr)
indices closed in negative note with real estate, metal,
Date Buy Sell Net banks and oil and gas stocks were major losers.
11-Aug 656 460 196 Reliance Communications lost 7.59%, after it reported
10-Aug 839 549 290 a sharper-than-expected 37% fall in quarterly profit,
Total Aug 7007 5448 1559 its eighth straight quarter of profit drop, as the
country's No. 2 mobile carrier by subscribers,
2011 YTD 86669 81605 5336
struggles with high debt.
Volume & Advances / Declines
• Market breadth was weak at ~0.43x as investors sold
NSE BSE large cap stocks. FIIs sold equities worth `2.61bn while
Trading Volume (`Cr) 9,589 2,108 domestic institutions bought equities of `2.51bn.
Advances 327 849 • Asian markets are mixed today after a weak close of
Declines 1,143 1,984 the US markets overnight. Japanese shares are in
Unchanged 31 107 negative territory while the Hang Seng is up on
Total 1,501 2,940 account of good results of China Coal.
Global Markets • We expect a weak opening for the Indian markets as
the sentiments for the equity investments across the
Index Latest Values Change (%)
globe is not very conducive today. European slowdown
DJIA 11,405.93 -0.7%
worries make the investors to keep themselves away
NASDAQ 2,523.45 -1.2%
from the risky assets reflected through surging gold
Nikkei * 90,154.00 -0.1% prices.
Hang Seng * 20,410.89 1.0%
Economic and Corporate Developments
* as of 8.45AM IST
• WPI based monthly Inflation for July 2011 dips to 9.2%
Currencies / Commodities Snapshot from 9.4%, rate hike possible.
Latest Previous
• FDI inflows surge by 54% in Jan-June 2011.
Quote Close
Indian Rupee per $ 45.13 45.93
Indian Rupee per € 64.94 65.21
NYMEX Crude Oil($/bbl) 86.88 86.65
Gold ($/oz) 1,789.40 1,785.00
Silver ($/oz) 39.89 39.91
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS
Buzzing Stock
(BSE A-Group)
• PTC India Financial Services plans to raise up to
Previous Current Change
Company Name `150Cr through issue of tax-saving bonds and utilise
Close (`) Price (`) (%)
JUBL FOOD 851.75 906.85 6.47 the proceeds in the power sector.
Dish TV India 82.80 85.45 3.20 • Power Grid Corp an Indian state-run transmission
TCS 951.20 974.05 2.40 utility is planning to borrow at least `1000Cr via
BHEL 1727.90 1767.70 2.30 bonds.
Financial Tech 719.05 734.50 2.15 • Tata Motors global sales down 6% in July.
(BSE Mid-Cap) • IFCI, Sycamore Ventures launch $500-mn
Previous Current Change infrastructure fund.
Company Name
Close(`) Price(`) (%)
• Dhanlaxmi Bank hikes retail term deposit rates
Gujarat Fluo 448.00 487.05 8.72
JUBL FOOD 851.75 906.85 6.47 • Muthoot Finance to raise up to `1,000Cr through
NCD issue.
Allcargo Glob 156.35 164.90 5.47
Dish TV India 82.80 85.45 3.20 • Emami to complete `1,000Cr acquisition in 3
Wabco TVS India 1275.00 1315.00 3.14 months: RS Agarwal.
• Oil India signs MoU with HPCL to jointly pursue
TOP LOSERS business opportunities.
(BSE A-Group) US markets
Previous Current Change Slowdown worries for European countries after the
Company Name
Close(`) Price(`) (%)
weak GDP numbers for Germany and France and
HDIL 117.30 103.55 -11.72
their rejection of the notion of selling common
Lanco Infra 18.70 16.70 -10.70
European bonds and suggested a financial-
Apollo Tyres 62.20 56.35 -9.41 transaction tax dragged US markets down in spite of
ISPAT INDUST 15.65 14.25 -8.95 encouraging US industrial production data. The Dow
Indiabul Real Est 82.40 75.50 -8.37 Jones Industrial Average declined 76.97 points, or
(BSE Mid-Cap) 0.7%, to 11,405.93 at the end. Bank of America
Previous Current Change
Corp., off 4.6%, led losses among 26 of the index's
Company Name 30 components. The S&P 500 shed 11.73 points, or
Close(`) Price(`) (%)
IVRCL LTD 48.20 39.55 -17.95 1%, to 1,192.76, with financials falling hardest
Sujana Towers 24.90 20.70 -16.87 among its 10 major sectors. The Nasdaq Composite
Spicejet 28.15 24.00 -14.74
Index lost 31.75 points, or 1.2%, to 2,523.45.
NCC 62.75 54.10 -13.78
HDIL 117.30 103.55 -11.72
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