1.
India Morning Note
a g
Tues
sday, July 10 2012
0,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jul 6 Jul 9 Change (%)
) • India
an markets fell for the secon
s nd straight day
t
yestterday to h their low
hit west closing level in 1-1/2
Sensex 17,521.12 17,391.98 -0.74%
weeks, with sen ntiment hit adversely by global g growth
CNX Nifty
X 5,316.95 5,275.15 -0.79%
worrries and euro-zone deb woes. Se
bt entiment hit after
t
BSE Mid-cap 6,313.90 6,238.19 -1.20% U.S. jobs data aand falling inflation in China reinfforced
BSE IT 5,654.85 5,650.87 -0.07% conccerns abou ut the global economy. Corp porate
BSE Banks 12,265.41 12,173.45 -0.75% earnnings results and more important
e tly, the guid
dance
FII A
Activity (`Cr) given could b key in determinin the ma
be ng arket’s
direcction. BSE Sensex, w was down 129.14 poin
1 nts or
Date
e Buy Sell Net 0.74
4%, off close to 95 points from the day's high and
e
06-Jul 1,942 1,334 609 up about 50 poi
a ints from the day's low.
05-Jul 2,672 2,216 456 • A shortfall of ne
early 50% of the averag rainfalls in the
ge
Tota Jul
al 15,911 10,090 5821 sonal monso
seas oon period s far has become the latest
so b
2012 YTD 339,436 292,605 46831 dom
mestic worry given wo
y, orries about the impa act on
rural consumers s.
MF A
Activity (`Cr)
• Powe generation stocks fell on prof booking for a
er fit
Date
e Buy Sell Net
seco
ond straight day after recent stro
t ong gains. Adani
06-Jul 272 517 -246 Powe fell 4.8% while JSW Energy los 5.1% and Tata
er %, W st d
05-Jul 445 507 -62 Powe lost 2.2% Consumer goods co
er %. ompanies ffell on
Tota Jul
al 2,010 2,744 -733 worrries about th impact o low rainfa could ha
he of alls ave on
2012 YTD 65,153 71,732 -6578 the farming se ector, and hhence the wider impaact on
conssumption. Hindustan Unilever fell 0.5%, while
f
Volu
ume & Adva
ances / Dec
clines
cigarette maker ITC fell 0.4
r 44%.
NSE BSE
• Indra
aprastha Gas rose 1.8 88% on media report the
ts
Trad
ding Volume (Cr) 55.76 21.63 company raise prices o compressed natura gas
ed of al
Turn
nover (`Cr) 9,345 1,818 (CNG to offset the impa
G) t act of the rupee's fall. TVS
r
Advances 442 1,096 Moto also surg
or ged 7.8% affter news th the com
hat mpany
Declines 1,048 1,772 was in talks wit a unit German auto maker BMW AG's
th W
Unchanged 65 103 unit to source technolog
e gical know-how to de evelop
high-end motorcycles.
Tota
al 1,555 2,971
• Mark breadth was weak at ~0.62x as investors sold
ket
Glob Markets
bal
large cap stoc
e cks. On pro
ovisional ba
asis, FIIs b
bought
Inde
ex Late Values
est Change (%)
) equity of `2.53bn while domestic institutions sold
s
DJIA
A 12,736.29 -0.28% equity of `2.88b in cash segment.
bn
NAS
SDAQ 2,931.77 -0.19% • Asian stocks dropped afte a positiv opening, after
er ve
Nikk *
kei 8,920.56 0.27% nese trade data show exports str
Chin rong but im
mports
Hang Seng * 19,379.94 -0.25% surp
prisingly wea
ak.
* as o 8.25AM IST
of • We expect a we
e eak opening for the Indian marke
g ets, on
glob
bal cues and caution ahead of the indu
n o ustrial
Curr
rencies / Co
ommodities Snapshot
s th
prod
duction data slated to b released on 12 July.
a be
Latest Previous
Quote Close Econom and Cor
mic rporate Dev
velopments
s
Indian Rupee per $ 55.85 55.40 • RBI objects to some clauses of textile debt
o
Indian Rupee per € 68.76 68.07 ructuring package. Textile Ministry, Finance
restr
NYM
MEX Crude Oil($/bbl) 84.69 85.99
Ministry, bankers & textile companies to meet o July
e s on
13. The mini istry anno ounced debt restructuring
Gold ($/oz)
d 1,586.60 1,589.10
packkage on Ma 29. Textile companies have ap
ay pplied
Silve ($/oz)
er 27.24 27.41 for `10,000Cr w
` worth of reca
ast.
Keyn
note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
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als h
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omberg KNTE <GO>, Tho
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Essa Oil says it has ag
ar s greed to pay a princ
p cipal
Previous Currennt Change amo ount of `6,169Cr post t
the SC order. The comp
pany
Com
mpany Name
e
Close(`
`) Price(`
`) (%) will pay `1,0000Cr immediately to show its bonaafide
Man
nap Gen Fin 30.90
0 32.70 5.83 intent. The co ompany say it is su
ys urprised by the
Engineers India 228.30
0 238.60 4.51 Gujaarat gover rnment’s st tep of atttaching its oil
s
Woc
ckhardt 884.90
0 924.05 4.42 accoounts.
JPINFRATEC 54.85
5 55.90 1.91 • Coal India’s booard will m
meet on July 17 to discuss
y
Indr
raprastha Gas
s 241.80
0 246.20 1.82 issues related t signing o Fuel Supp Agreem
to of ply ments
(BSE Mid-Cap)
E (FSA Other is
A). ssues to be discussed are impor of
e d rt
coal and price p
l pooling.
Previous Currennt Change
Com
mpany Name
e • ONG Videsh, subsidiary of ONGC plans `5,00
GC 00Cr
Close(`
`) Price(`
`) (%)
TVS Motor 36.60 39.50 7.92 IPO via the seccondary ma
arket route. ONGC’s board
.
HAT
THWAY CAB 188.05 200.15 6.43 will consider th proposal in the board meeting this
he
Man
nap Gen Fin 30.90 32.70 5.83 wee reports the Economic Times.
ek,
Woc
ckhardt 884.90 924.05 4.42 • The Warburg P Pincus - Fut
ture Capital deals hits the
s
Shre Global Trd
ee d 83.75 87.20 4.12 FIPB wall after the latter was asked to hive of its
B r d ff
real estate arm before the deal.
m
TOP LOSERS • OnM Mobile CEO Arvind Rao resigns. This comes a
o after
(BSE A-Group)
E repoorts of fina
ancial irregularities at the comp pany.
Kpm which w
mg was the inteernal audito worked with
or,
Previous Currennt Change
Com
mpany Name
e lega experts to come out with a special review on
al t w
Close(`
`) Price(`
`) (%)
JSW ENERGY 55.80
0 53.00
0 -5.02 thes allegations. Mouli Raman, anot
se ther co-foun
nder,
GMR Infra
R 26.20
0 24.90
0 -4.96 is naamed interim managin director as the comp
ng a pany
ADA POWER
ANI 51.60
0 49.15
5 -4.75
initiates a searc for a new CEO.
ch w
Chambal Fert 80.65
5 76.85
5 -4.71 • REC raises `3,0
C 085Cr via bo
onds.
Hind
dustan Zinc 124.60
0 118.85
5 -4.61 • Zenotech founnder challennges FIPB’s nod to a
s allow
Daiichi Sankyo to buy 20% in the co.
%
(BSE Mid-Cap)
E
• Wipro rejigs its telecom bu
usiness on fa
alling sales.
.
Previous Currennt Change
Com
mpany Name
e
Close(`
`) Price(`
`) (%) US markets
Info Edge India 367.05 357.05 -2.72
U.S. markets drop
m pped for a third session, the lon
ngest
TVS Motor 36.45 35.50 -2.61
such streak in mo than a m
ore month, afte Spanish b
er bond
Alsto T&D
om 194.85 190.15 -2.41 yields rose to leve viewed a unsustain
els as nable and ah
head
Asho Leyland
ok 24.95 24.35 -2.40 of earnnings from Alcoa Inc. The Dow Jones Indus
J strial
COX KINGS
X 131.60 129.05 -1.94 Averagge ended down 36.18 points, or 0.3%, at
12,7366.29. It’s los more tha 207 points over the last
st an
three sessions.
s
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Tue
esday Wed
dnesday Th
hursday Friday
Reg
gions 10
0-Jul 11-Jul 12-Jul
1 13-Jul
Ind
dia Money Su
upply Cumulat tive Forex Reserves Data
R
Industria Output
al
(Jul)
Bank Lo
oan Growth
US IBD/TIPP E
Economic Trade Balance Import aand export Produce Price Inde
er ex
Optimism (MoM) Price Ind
dex (MoM) ex Food & Energy
d
(Jun) (YoY & MoM)
FOMC Min
nutes Initial Jo
obless Claim
ms Produce Price Inde
er ex
(Jul) (YoY & MoM)
Reuter/ Michigan
/
Consummer
Sentime Index
ent
Glo
obal UK's Indus
strial Germany Consumer
y Japan Bo Interest
oJ Japan In
ndustrial
Production (MoM)
n and Wholesale Price Rate Dec
cision Producttion (YoY &
and (YoY) Index MoM)
Eurozone's EcoFin Japan Machine tools Europe E
ECB Monthly
y Japan Capacity
C
Meeting order Report Utilization
UK 10-y Bond
Auction
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m
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ess All cal ains to the im
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