1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Friday, January 6, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Jan 4 Jan 5 Change (%) • Indian markets ended on flat to negative note
Sensex 15,882.64 15,857.08 -0.16% yesterday amid lacklustre trade, easing most of the
CNX Nifty 4,749.65 4,749.95 0.01% early gains, as investors booked profits in index
BSE Mid-cap 5,264.86 5,264.17 -0.01% heavyweights Reliance Industries and Infosys.
BSE IT 5,924.92 5,899.98 -0.42% Expectation that moderating inflation will allow the
BSE Banks 9,643.49 9,688.31 0.46% central bank to begin cutting interest rates drove
shares higher for most of the day, before investors
FII Activity (`Cr)
turned cautious towards the close. As per most of the
Date Buy Sell Net traders in the markets, concerns over quarterly
4-Jan 1,840 1,583 257 results, starting next week, which is expected to show
3-Jan 1,357 1,031 326 a sharp drop in earnings growth will also weigh down
Total Jan 3,669 3,125 544 the market in the near term. The downward
2012 YTD 3,669 3,125 544 movement was mainly led by selling pressure in oil &
gas, real estate, metal and IT stocks while auto,
MF Activity (`Cr)
capital goods and banks stocks witnessed some
Date Buy Sell Net buying activities which help the markets to recover
4-Jan 395 527 -132 from day low. Cash-strapped Kingfisher Airlines
3-Jan 538 223 315 dropped 2.6% after the aviation regulator said it was
Total Jan 1120 992 128 seeking an explanation on safety concerns raised in an
2012 YTD 1,120 992 128 internal report. After the market closed, the regulator
said it did not intend to cancel the licence of any
Volume & Advances / Declines
carrier. Brigade Enterprises rose 8.4% after the Press
NSE BSE Trust of India news agency reported the company is
Trading Volume (Cr) 52.39 18.83 looking to raise around `1.5bn through private equity.
Turnover (`Cr) 9440 1949
• Market breadth was however strong at ~1.17x as
Advances 797 1,443 investors bought large cap stocks. FIIs bought equities
Declines 661 1,236 worth `3.81bn while domestic institutions sold equities
Unchanged 68 156 of `2.89bn.
Total 1,526 2,835
• Asia stocks started Friday trading on a lower note,
Global Markets with Japanese exporters suffering from currency
Index Latest Values Change (%) headwinds while Hang Seng continued its slide.
DJIA 12,415.70 0.0% • We expect a weak opening for the Indian markets,
NASDAQ 2,669.86 0.8% following the cues from the Asian markets. However,
Nikkei * 8,401.32 -1.0% weekly food inflation data provided some relief to the
Hang Seng * 18,537.84 -1.5% investors, which may provide some support to the
* as of 8.25AM IST markets.
Currencies / Commodities Snapshot Economic and Corporate Developments
Latest Previous • With improvement in food price situation, Prime
Quote Close
Minister's economic advisory panel today favoured
Indian Rupee per $ 52.99 52.98
rate cuts by the Reserve Bank and hoped headline
Indian Rupee per € 67.79 67.78
inflation, too, will fall below the projected 7% by
NYMEX Crude Oil($/bbl) 101.41 101.81 March- end.
Gold ($/oz) 1,627.00 1,620.10
• Weekly food inflation plunges to -3.36% as compared
Silver ($/oz) 29.26 29.28
to 1.83% for the previous week.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • Maruti Suzuki unveiled a compact sport utility
Previous Current Change vehicle, XA Alpha, which is likely to roll out two to
Company Name
Close(`) Price(`) (%) three global products in collaboration with its parent
United Brew-$ 391.90 428.15 9.25 company over the next two years.
Shriram Trans 447.20 488.15 9.16
• The Directorate General of Civil Aviation has given
MMTC 729.80 779.30 6.78 Kingfisher Airlines till Monday to come back with a
Hindustan Copp 253.25 266.75 5.33 detailed plan of financial recovery and safety, which
Indiabulls Fin 141.85 149.05 5.08 includes getting 20 grounded aircraft of a fleet of 69
(BSE Mid-Cap) back into the air.
• Ramky Infrastructure, an integrated infrastructure
Previous Current Change
Company Name development and management company, has
Close(`) Price(`) (%)
KEC Intl 38.00 41.45 9.08 bagged new orders valued at `1,051.83Cr across
Graphite India 71.00 75.80 6.76 roads, industrial, water and waste water, power,
Indiabulls Fin 141.85 149.05 5.08 irrigation and building verticals.
National Fert 62.70 65.80 4.94 • Production at Aditya Birla Group's UltraTech Cement
Anant Raj Inds-$ 41.00 42.95 4.76 grew 10.8% to 3.77 million tonnes, ACC reported a
growth of 6.28% to 2.03 million tonne while for
TOP LOSERS Ambuja it was 1.91 million tonne, up 6.81% in
December.
(BSE A-Group)
• Fortis Healthcare (India) said ECL Finance and six
Previous Current Change
Company Name other entities had acquired a 6.18% stake in the
Close(`) Price(`) (%)
United Spirits 561.20 529.25 -5.69 company.
Wockhardt 273.70 258.70 -5.48 US markets
Gujarat State Pet 78.95 75.65 -4.18 U.S. stocks closed mix Thursday, with banks leading the
DLF 187.10 179.50 -4.06 rise that had the S&P 500 extending its advance into a
Adani Enter 278.05 267.00 -3.97 third day, as an improving labour market curtailed
concern about Europe.
(BSE Mid-Cap)
The Dow Jones Industrial Average DJIA -0.02% recover
Previous Current Change
Company Name from a 134-point deficit. The S&P 500 rose 3.76 points,
Close(`) Price(`) (%)
TV18 Broadcast 35.95 31.65 -11.96 or 0.3%, to 1,281.06. The Nasdaq Composite COMP
State Bank BikJpr 334.15 315.05 -5.72 +0.81% rose 21.5 points, or 0.8%, to 2,669.86.
Wockhardt 273.70 258.70 -5.48
Network18 51.35 48.80 -4.97
Kwality Dairy 42.70 40.60 -4.92
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 / Friday Monday Tuesday Wednesday
Regions 6/Jan 9/Jan 10/Jan 11/Jan
India Forex Reserves Data
Weekly Supplement of
RBI
US Average Hourly Consumer Credit data Job Openings MBA mortgage
Earnings (YoY & MoM) for November Applications
Average weekly Hours Wholesale Inventories Beige Book
Nonfarm Payrolls IBD/TIPP Economic
Optimism for Jan
Unemployment Rate
Global Switzerland Consumer Germany Trade UK BRC Retail Sales Japan Economic Index
Price Index (YoY & Balance (Nov) Monitor - All (YoY)
MoM) (Dec)
European Monetary Germany Industrial UK RICS Housing Price Germany's GDP data
Union Consumer Production (Nov) Balance (Dec)
Confidence, Economic
Confidence & Industrial
Confidence
European Monetary UK trade balance data
Union Retail Sales non EU
(YoY & MoM)
Eurozone
Unemployment Rate
Canada Unemployment
Rate & Net Change in
Employment
Germany Factory
Orders n.s.a. (YoY)
Germany Factory
Orders s.a. (MoM)
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