1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Friday, January 20, 2012
Domestic Markets Snapshot Views on markets today
Name of Index Jan 18 Jan 19 Change (%) • Indian markets reached their highest closing level in
Sensex 16,451.47 16,643.74 1.17% more than six weeks on rising foreign portfolio inflows
CNX Nifty 4,955.80 5,018.40 1.26% as global risk-taking improves on moves by the
BSE Mid-cap 5,589.89 5,669.99 1.43%
International Monetary Fund to help countries deal
with the euro zone debt crisis. World stocks rose to
BSE IT 5,513.43 5,495.90 -0.32%
their highest in over two months as risk appetite
BSE Banks 10,350.35 10,542.14 1.85%
improved on hopes Greece will reach an agreement
FII Activity (`Cr) with its creditors and the IMF move to tackle the euro
Date Buy Sell Net zone debt crisis. Strong Q3 result reported by HDFC
18-Jan 3,002 2,041 961 Bank and two wheeler makers like Hero MotoCorp and
17-Jan 2,976 1,911 1065
Bajaj Auto and data showing substantial purchases of
Indian stocks by foreign funds over the past few days
Total Jan 27,992 22,596 5396
also boosted investor sentiment. Except IT and FMCG,
2012 YTD 27,992 22,596 5396
all sectoral indices closed on positive note with real
MF Activity (`Cr) estate, metal, power and bank stocks were major
Date Buy Sell Net gainers. Cement stocks like Ambuja Cements, ACC,
18-Jan 461 617 -156 UltraTech Cement and India Cements gained on
17-Jan 732 656 76
expectations for a price hike of `6-7 per 50 kilogram
bag soon. Tata Steel edged higher after winning a
Total Jan 5,734 6,429 -695
major contract from Siemens Wind Power to supply
2012 YTD 5,734 6,429 -695
25,000 tonnes of high quality profiled steel plates for
Volume & Advances / Declines wind towers. Reliance Capital gained 3.8% after
NSE BSE Japan's Nippon Life Insurance agreed to buy a 26%
Trading Volume (Cr) 72.47 24.16 stake in the company's fund management unit. Bharti
Airtel, the country's top mobile phone carrier, bucked
Turnover (`Cr) 11,634 2,509
the trend and fell 1.4% after a `10.67bn tax demand
Advances 1,018 1,809
by the government.
Declines 479 982
• Market breadth was strong at ~1.84x as investors
Unchanged 63 133
bought large cap stocks. On provisional basis, FIIs
Total 1,560 2,924
bought equities worth `6.26bn while domestic
Global Markets institutions sold equities of `2.46bn.
Index Latest Values Change (%) • Asian markets moved higher in early trade today, with
DJIA 12,625.19 0.4% exporters and banks advancing as gains for U.S.
NASDAQ 2,788.33 0.7% stocks and rising optimism over Europe buoyed
Nikkei * 8,754.71 1.3% investor sentiment.
Hang Seng * 19,948.32 0.0% • We expect a positive opening for the Indian markets
* as of 8.25AM IST today following the cues from the Asian markets.
Currencies / Commodities Snapshot However, the rise in the markets for last few days may
prompt investors to sell their positions.
Latest Previous
Quote Close Economic and Corporate Developments
Indian Rupee per $ 50.24 50.27
• Food inflation rate for the week ended January 7,
Indian Rupee per € 65.11 65.15 2012 stayed negative and dropped to -0.42% on rising
NYMEX Crude Oil($/bbl) 100.35 100.39 food demand mainly due to fall in prices of onion and
Gold ($/oz) 1,654.90 1,654.50 vegetables. Fuel group inflation remained unchanged
Silver ($/oz) 30.57 30.49 at 14.45%. Primary articles index was at 2.47%.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • Suzlon Group's subsidiar, REpower Systems SE
Previous Current Change announced that the company bagged cumulative
Company Name
Close(`) Price(`) (%) orders of 151 megawatt (Mw) turbines from across
Adani Enter 398.70 440.30 10.43 Europe and North America over a three month
HDIL 74.50 82.25 10.40 period, excluding orders announced separately.
Reliance Infra 441.35 483.85 9.63 • As the Centre government will review the state-run
Pantaloon Retl 153.35 166.20 8.38 Coal India Ltd’s shift to the gross calorific value
Ashok Leyland 24.85 26.90 8.25 (GCV) pricing, the Coal Consumers’ Association of
(BSE Mid-Cap) India (CCAI) has said that though it is not against the
GCV system, CIL should maintain international
Previous Current Change standard too which the firm is not following.
Company Name
Close(`) Price(`) (%)
VIP Inds 98.10 109.15 11.26 • Real estate company, Sobha Developers has entered
HDIL 74.50 82.25 10.40 the Chennai’s residential market with two projects at
Pantaloon Retl 153.35 166.20 8.38 an outlay of `420Cr.
Ashok Leyland 24.85 26.90 8.25 • Cairn India commenced crude oil production from
Voltas 82.05 88.35 7.68 the Bhagyam field, the second-largest oil discovery
in its Rajasthan block.
TOP LOSERS • The Madhya Pradesh government would provide 130
(BSE A-Group) acres of land to software services exporter Infosys
for setting up a special economic zone (SEZ) in the
Previous Current Change
Company Name state and not 100 acres, as announced earlier.
Close(`) Price(`) (%)
LIC Housing Fin 245.60 237.45 -3.32 • State Bank of India, the country's biggest lender, is
Apollo Hosp 643.80 624.80 -2.95 not considering selling the bad loans of Kingfisher
BHEL 272.90 265.50 -2.71 Airlines and still has faith the beleaguered carrier will
Coromandel Intl 274.60 267.50 -2.59 turn around, Chairman Pratip Chaudhuri told
Dish TV India 62.70 61.15 -2.47 reporters. The bank, however, is not considering
fresh loans to Kingfisher, he said.
(BSE Mid-Cap)
US markets
Previous Current Change
Company Name U.S. stocks close higher, extending their advance for
Close(`) Price(`) (%)
HT Media 136.40 131.25 -3.78 past few days, as investors bought bank and Internet-
Fresenius Kabi 103.10 99.50 -3.49 related stocks following results from Bank of America
Raymond 347.20 336.45 -3.10 Corp. and ahead of the results of Microsoft and Google.
Apollo Hosp 643.80 624.80 -2.95 The Dow Jones Industrial Average rose 45.03 points, or
Coromandel Intl 274.60 267.50 -2.59 0.4%, to 12,623.98. The Nasdaq Composite Index
added 18.62 points, or 0.7%, to 2,788.33. The S&P 500
Index gained 6.46 points, or 0.5%, to 1,314.5.
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 / Friday Monday Tuesday Wednesday
Regions 20/Jan 23/Jan 24/Jan 25/Jan
India Forex Reserves Data RBI Monetory Policy
Review
Weekly Supplement
of RBI
US Existing Home Sales FOMC Meeting Begins FOMC minutes
(MoM)
Existing Home Sales US President Barack Fed interest rates
Change Obama Speaks decision
Richmond Fed Pending Home sales
Manufacturing Index
Global UK Retail Sales (YoY European Monetary Japan's BoJ Interest Germany business
& MoM) Union - Consumer Rate Decision climate, Current
Confidence assessment and
expectation data
UK Retail Sales ex- China HSBC Flash Germany Purchasing UK GDP data and
Fuel (YoY & MoM) China Manufacturing Manager Index Bank of England
Purchasing Managers Manufacturing and minutes
Index Services
Japan All Industry UK's Public Sector Net UK CBI Industrial
Activity Index (MoM) Borrowing trand survey - orders
Japan Coincident
Index
Japan Leading
Economic Index
China HSBC
Manufacturing PMI
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