1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Tuesday, January 3, 2012
Domestic Markets Snapshot Views on markets today
Name of Index Dec 30 Jan 2 Change (%) • Indian markets recovered by end of the day, as
Sensex 15,454.92 15,517.92 0.41% European markets came back sharply in early trading
CNX Nifty 4,624.30 4,636.75 0.27% session, however, resisted by the rising uncertainties
BSE Mid-cap 5,135.05 5,131.60 -0.07% across global and domestic economic platforms. The
BSE IT 5,751.93 5,822.49 1.23% 30 stocks Sensex ended up 63 points, or 0.41%, to
BSE Banks 9,153.39 9,178.05 0.27% 15,517.92, after a 2.84% fall in the previous week in
reaction to a serious industrial slowdown concerns and
FII Activity (`Cr)
rising outflows of foreign investors. The CNX Nifty 50
Date Buy Sell Net rose 12.45 points, or 0.27%, to 4,636.75. Coal India
30-Dec 979 1,066 -87 was the top gainer, as the reports suggested that
29-Dec 1,498 2,115 -617 company was likely to set up a subsidiary for buying
Total Dec 38,866 38,994 -128 coal assets in South Africa, as part of efforts to boost
2011 YTD 607,311 610,383 -3073 its output. Tata Motors, which continued to report
staggering monthly sales numbers was the second top
MF Activity (`Cr)
gainers in the index. The company's total sales rose
Date Buy Sell Net 22% to 82,278 vehicles in December 2011 over
29-Dec 471 287 184 December 2010. A little bit of bargain hunting, helped
28-Dec 136 204 -68 the index major Reliance Industries to rose sharply
Total Dec 8507 7951 556 today. The industry major was under pressure due to
2011 YTD 130,733 124,730 6003 under recoveries from its KG D6 gas blocks.
Volume & Advances / Declines • Market breadth was positive on account of rally in the
small and mid cap stocks. Foreign institutions sold
NSE BSE
equities worth `0.94bn and domestic institutions
Trading Volume (Cr) 42.24 15.74
bought equities of `0.84bn.
Turnover (`Cr) 5821 1367
Advances 767 1,408 • Asian markets opened sharply up today, taking the
Declines 678 1,259
cues from the positive European markets yesterday.
Japanese markets are closed today while the Hang
Unchanged 81 124
Seng is rallied in the earlyn trading session.
Total 1,526 2,791
• We expect a gap up opening for the Indian markets
Global Markets
today, following the rally in the Asian markets.
Index Latest Values Change (%) However, concerns over growth slowdown which
DJIA (Closed) 12,217.56 - reflected through dismal export numbers yesterday
NASDAQ (Closed) 2,605.15 - may resists the markets.
Nikkei (Closed) 8,455.35 -
Economic and Corporate Developments
Hang Seng * 18,765.02 1.8%
• India's exports grew 3.87% yoy in November 2011
* as of 8.25AM IST
while imports grew 30.24% in dollar terms. In rupee
Currencies / Commodities Snapshot
terms, the growth was 17.21% and 35.10%
Latest Previous respectively.
Quote Close
Indian Rupee per $ 53.31 53.31 • Deeper discounts and apprehensions over impending
Indian Rupee per € 69.20 68.96 price rises pushed up passenger car sales last
NYMEX Crude Oil($/bbl) 100.21 98.83 December, with 10 of the country’s leading passenger
Gold ($/oz) 1,578.10 1,565.80
vehicle manufacturers together registering a growth of
7.25% to sell 189,383 units during the month.
Silver ($/oz) 28.16 27.88
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • GAIL contracted an import deal from a US-based
Previous Current Change company for deliveries from 2016-17 at a price far
Company Name
Close(`) Price(`) (%) more competitive than the usual benchmark for such
JSW Steel 507.10 537.00 5.90 deals.
National Alum 50.65 52.90 4.44
• The company contracted import of 3.5mn tonnes
Coal India 300.85 311.70 3.61 annually at what is known as the Henry Hub-
Sintex Inds 62.90 65.15 3.58 benchmarked price. Henry Hub is the pricing point
Jain Irrigation 86.80 89.90 3.57 for natural gas futures contracts traded on the New
(BSE Mid-Cap) York Mercantile Exchange.
• As part of its strategy to focus on green energy
Previous Current Change
Company Name Vadodara-based Diamond Power Infrastructure has
Close(`) Price(`) (%)
GVK Power 11.52 12.44 7.99 purchased windmills from Suzlon Energy. The
Network18 36.90 39.40 6.78 company has bought wind mills having power
SRF 239.25 254.90 6.54 generation capacity of 6.3 Mw near Kandla in
Orchid Chem 126.85 134.95 6.39 Gujarat.
TV18 Broadcast 26.95 28.50 5.75 • IVRCL today bagged orders worth `732.14Cr in the
buildings, transportation, mining, water and solar
TOP LOSERS power segments. Among the orders is a contract for
civil construction work for Tata Cummins at Phaltan,
(BSE A-Group)
in Satara district of Maharashtra.
Previous Current Change
Company Name • Petrol prices will not be raised this fortnight as state-
Close(`) Price(`) (%)
Bajaj Auto 1592.80 1475.00 -7.40 owned oil firms apparently could not get political
JPINFRATEC 39.85 37.55 -5.77 clearance for the over `2 per litre hike in rates
Mundra Port 120.55 114.60 -4.94
needed to achieve parity with the imported cost on
account of the weakening rupee.
Muthoot Fin 161.85 155.65 -3.83
Sesa Goa 162.60 156.65 -3.66 • L&T Construction bagged new projects worth
`2,056Cr across various categories in the last month.
(BSE Mid-Cap) Of these projects, two orders worth `1,262Cr in the
Previous Current Change water and effluent treatment segment was bagged
Company Name
Close(`) Price(`) (%) by the company.
Kirloskar Oil 119.30 109.55 -8.17
• Oil and Natural Gas Corp (ONGC) plans to invest
TVS Motor 51.90 48.10 -7.32
`15,340Cr (about $2.9bn) in developing its ultra-
Deccan Chron 36.35 33.85 -6.88
deepsea UD-1 gas discovery in the Krishna Godavari
JPINFRATEC 39.85 37.55 -5.77
basin by FY17. ONGC believes that UD-1 gas
HT Media 127.00 120.00 -5.51 discovery in the southern part of its Block KG-DWN-
98/2 can produce for 14-15 years with peak of about
20mn cubic meters per day (mmcmd) lasting for five
years.
US markets
US markets was closed yesterday.
Keynote Capitals Institutional Research (research@keynotecapitals.com) (+9122-
30266000)

3. K E Y N O T E
INSTIT UT IONAL R ES EAR C H
India and Global Economic Calendar
Countries / Tuesday Wednesday Thursday Friday
Regions 3/Jan 4/Jan 5/Jan 6/Jan
India Weekly Inflation Forex Reserves
Data Data
Weekly
Supplement of
RBI
US ISM Factory order, Automatic Data Average Hourly
Manufacturing Vehicle Sales Processing Earnings (YoY &
Index Employment MoM)
change
Construction Continuing Jobless Average weekly
Spending (MoM) Claims Hours
Construction Institute for Supply Nonfarm Payrolls
Spending Data Mangement Non-
Manufacturing
Energy Unemployment
Information Rate
Administration
Initial Jobless
Claims
Global UK Purchasing Germany Service UK Purchasing European
Manager Index PMI Managers Index Monetary Union
Manufacturing services Consumer
Confidence,
Economic
Confidence &
Industrial
Confidence
Germany UK consumer UK Halifax House European
Unemployment credit, Prices (MoM) Monetary Union
Rate Constrution PMI, Retail Sales (YoT
M3 money supply & MoM)
and Mortgage
Approval data
Eurozone Producer Eurozone
price Index (YoY) Unemployment
Rate
Germany Factory
Orders n.s.a.
(YoY)
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