1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Friday, December 2, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Nov 30 Dec 1 Change (%) • Indian markets continued with the previous day gain
Sensex 16,123.46 16,483.45 2.23% and closed ~2.2% up to close at two week high as
assistance of 5 Central Banks to Eurozone by slashing
CNX Nifty 4,832.05 4,936.85 2.17%
the cost of emergency dollar loans to European banks
BSE Mid-cap 5,627.69 5,682.11 0.97%
to prevent Europe's debt crisis from triggering a global
BSE IT 5,499.09 5,598.11 1.80% liquidity crunch and a sharp fall in India's food price
BSE Banks 9,850.43 10,217.20 3.72% inflation led the positive sentiments among investors.
FII Activity (`Cr) India's food price inflation rose 8% for week ended
19th November against 9.01% for previous week due
Date Buy Sell Net to sharp fall in fruits and vegetables prices. Except
30-Nov 6,189 6,049 140 pharma, all sectoral indices closed on positive note
29-Nov 1,930 2,112 -182 with metal, bank, real estate and consumer durables
Total Nov 43188 47728 -4540 stocks were major gainers. Bank stocks recovered
2011 YTD 568,444 571,389 -2945 from yesterdays fall, after investors cheered on the
news that global liquidity crunch will reduce after the
MF Activity (`Cr) efforts of 5 central banks. Fall in inflation which may
Date Buy Sell Net result into some monetary easing in India, going
30-Nov 1109 1416 -307 forward also brought bullish sentiments for banks.
Ranbaxy Laboratories closed up 2% after the US Food
29-Nov 524 483 41
and Drug Administration said it had given approval to
Total Nov 10789 9980 809
the drugmaker to make the first generic version of the
2011 YTD 122,226 116,778 5447 cholesterol-lowering drug Lipitor. Tata Motors rallied
Volume & Advances / Declines 5.9% after the commercial vehicle and carmaker
posted a 41% jump in November sales from a year
NSE BSE
ago. MphasiS ended down 3.2% after its net profit for
Trading Volume (`Cr) 10,313 1,962 the fiscal year ended November fell 25% to `8.2bn.
Advances 961 1,689
• Market breadth was strong at ~1.52x as investors
Declines 495 1,114 bought large cap stocks. FIIs bought equities worth
Unchanged 69 117 `6.87bn while domestic institutions sold equities of
Total 1,525 2,920 `7.13bn.
Global Markets • Asian shares trade mostly in tight ranges with
negative biased ahead of a key U.S. jobs report due
Index Latest Values Change (%)
later in the day.
DJIA 12,020.03 -0.2%
• We expect a cautious opening for the Indian markets,
NASDAQ 2,626.20 0.2%
following the cues from the Asian markets. Investors
Nikkei * 8,613.28 0.2% may book some profits today after a strong close
Hang Seng * 18,949.43 -0.3% yesterdays.
* as of 8.25AM IST Economic and Corporate Developments
Currencies / Commodities Snapshot • India's October exports rose an annual at `1,01,920Cr
Latest Previous ($19.6bn). Oil imports for the month grew 21.7% to
Quote Close `1,03,480Cr ($19.9bn), while imports for the month
Indian Rupee per $ 51.47 51.47 rose 21.7% to `2,05,400Cr ($39.5bn).
Indian Rupee per € 69.31 69.30 • Food inflation witnessed a sharp moderation to 8% for
NYMEX Crude Oil($/bbl) 100.15 100.20 the week ended November 19 as against 9.01% for
Gold ($/oz) 1,740.40 1,735.30 previous week, though prices of most agricultural
Silver ($/oz) 32.82 32.70 items, barring potatoes, onions and wheat, continued
to rise on an annual basis.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • MindTree to revive its Orissa project. It will set up
Previous Current Change 10,000-seater development centre.
Company Name
Close (`) Price (`) (%) • Vivimed Labs Limited has announced the acquisition
Hindalco Inds 122.65 131.20 6.97
of Uquifa, a bulk drug and intermediates company
ICICI Bank 714.15 762.45 6.76
with manufacturing facilities in Spain and Mexico, for
Pantaloon Retl 195.90 208.40 6.38 $55mn.
SAIL 80.60 85.60 6.20
• Micro-irrigation systems maker, Jain Irrigation
Sterlite Inds 99.30 105.45 6.19
Systems is focusing on developing technology for
(BSE Mid-Cap) irrigation in arid regions. The move is aimed at
catering to the farmers in regions like Saurashtra in
Previous Current Change
Company Name Gujarat and Vidarbha in Maharashtra.
Close(`) Price(`) (%)
Kirloskar Oil 128.55 137.50 6.96 • Kingfisher Airlines' woes are set to worsen. For, the
JSL 70.35 74.90 6.47 Mumbai International Airport Limited (MIAL) is from
Pantaloon Retl 195.90 208.40 6.38 this Saturday putting the airline on a cash-and-carry
Ramky Infra 205.25 217.10 5.77 mode, as the cash-strapped airline has not paid it
Shree Renu Sug 30.25 31.95 5.62 `90Cr towards landing, parking and other charges.
• A last-minute marketing approval from the United
TOP LOSERS States medicine regulator, Food and Drugs
(BSE A-Group) Administration (FDA), and a profit-sharing
agreement with Israel’s Teva have helped Ranbaxy
Previous Current Change
Company Name launch the generic version of Pfizer’s biggest
Close(`) Price(`) (%)
Idea Cellular 97.70 92.30 -5.53 revenue-earning drug, Lipitor, without delay.
Mphasis 324.75 314.75 -3.08 US markets
Asian Paints 2881.00 2799.35 -2.83 U.S. stocks on closed lower after the prior day’s surge,
Indiabulls Fin 137.80 134.40 -2.47 as investors turned wary before Friday’s November jobs
BHEL 282.20 275.25 -2.46 report and after claims for unemployment benefits rose
last week.
(BSE Mid-Cap)
The Dow Jones Industrial Average fell 25.65 points, or
Previous Current Change
Company Name 0.2%, to 12,020.03. The S&P 500 Index shed 2.37
Close(`) Price(`) (%)
D B REALTY 72.05 68.25 -5.27 points , or 0.2%, at 1,244.59. The Nasdaq Composite
Kwality Dairy 57.05 54.20 -5.00 Index gained 5.86 points, or 0.2%, to 2,626.20.
Sujana Towers 10.75 10.22 -4.93
VAARAD 37.50 35.65 -4.93
Shri Ganesh Spi 1.68 1.60 -4.76
Keynote Capitals Institutional Research (research@keynoteindia.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 / Friday Tuesday2 Wednesday3 Thursday4
Regions Dec. 2 Dec. 6 Dec. 7 Dec. 8
India
Forex Reserves Data Weekly Inflation Data
Weekly Supplement
of RBI
Bank loan growth
US
IBD/TIPP Economic EIA Petroleum Status
Nonfarm payrolls Jobless Claims Data
Optimism Report
Unemployment rate Consumer Credit Wholesale Inventories
Average hourly Quarterly Services
Money Supply
earnings Survey
Global
UK PMI (Purchasing
Australia RBA Interest Australia Gross UK BoE Interest Rate
Managers Index)
Rate Decision Domestic Product Decision
construction
UK Industrial and
Switzerland Real SwItzerland Canada Housing
Manufacturing
Retail sales Consumer Price Index Starts
Production
Canada Canada BoC Interest Germany Industrial Japan Gross
Unemployment rate Rate Decision Production Domestic Product
Canada Building Japan Eco Watchers
China retail sales
Permits Survey
Canada Ivey
Purchasing Managers
Index
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