1.
India Morning Note
a g
Wednesday, July 18, 2012
y
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jul 2 Jul 3 Change (%)
) • India markets closed on flat note yesterday after
an s n
Sensex 17,103.31 17,105.30 0.01% witnessing intr
raday gyrat tions as in
nvestors red duced
CNX Nifty
X 5,197.25 5,192.85 -0.08% bets on future rate cuts f
s from the ceentral bank after
k
BSE Mid-cap 6,208.86 6,158.24 -0.82% hawkish comm ments from Reserve Bank of India
m
BSE IT 5,235.37 5,209.36 -0.50% goveernor D S Subbarao o on inflation Investors are
n. s
BSE Banks 12,146.08 12,135.36 -0.09% ensive stock due to uncertainty about
betting on defe ks u
monnsoon rainfa
alls and the prospect of policy ref
o forms.
FII A
Activity (`Cr)
BSE Sensex was up 1.99 p points or 0.01%, off cloose to
Date
e Buy Sell Net 130 points from the day's high and up about 30 p
m p points
16-Jul 1,584 1,228 356 from the day's l
m low.
13-Jul 1,984 1,604 380
• Most of the au
t uto stocks f
fell on spec culation tha the
at
Tota Jul
al 28,194 20,102 8092 goveernment wi raise fue prices after presid
ill el a dential
2012 YTD 351,719 302,617 49102 electtion on July 19 or after the appointment of new
y
MF A
Activity (`Cr) vice president on August 7. While PS OMCs ro
SU ose on
specculation the governm
e ment will raise fuel prices
Date
e Buy Sell Net
shorrtly. Aviation shares de
n eclined after public sector oil
r
16-Jul 270 259 11
marketing comp panies hiked jet fuel pr
d rices.
13-Jul 336 509 -174
Tota Jul
al 3,960 5,746 -1787 • Exide Industrie es fell 2.55% after Deutsche Bank
2012 YTD 67,103 74,734 -7632
downgraded th industria and auto
he al omotive bat tteries
makker to "hold from "b
d" buy", citing weaker p pricing
Volu
ume & Adva
ances / Dec
clines power due to s steeper com
mpetition an higher s
nd selling
NSE BSE costs. Jindal Ste and Pow also fell 0.8% after CLSA
eel wer
Trad
ding Volume (Cr) 51.88 20.65 downgraded t the stock to "unde erperform" from
Turn
nover (`Cr) 8,427 1,750 "outperform" b because of concerns about p
s project
Advances 429 1,044 exec
cution and rising policy risks from its captive coal
y m e
minees.
Declines 1,051 1,763
Unchanged 75 117 • Mark breadth was weak at ~0.59x as investors sold
ket
Tota
al 1,555 2,924 small and mid cap stocks On provisional basis FIIs
s. s,
bougght equity of `4.75bn while dom
mestic institu
utions
Glob Markets
bal
sold equity of `2
2.66bn in ca segmen
ash nt.
Inde
ex Late Values
est Change (%)
)
DJIA
A 12,805.54 0.62%
• Asian markets a mixed to
are pan is rising while
oday, as Jap
Hang Seng fe
g ell down a home price data was
as
NAS
SDAQ 2,910.04 0.45%
disappointing.
Nikk *
kei 8,773.70 0.21%
Hang Seng * 19,339.59 -0.59% • We expect a fla opening f the Indian markets amid
e at for
the directionle
ess Asian stocks. No major e
o events
* as o 8.25AM IST
of
besides consum price in
mer oday would keep
ndex data to
Curr
rencies / Co
ommodities Snapshot
s
markets in the s
sideways m
momentum.
Latest Previous
Quote Close Econom and Cor
mic rporate Dev
velopments
s
Indian Rupee per $ 55.07 55.20
• The 2G spectrum EGoM, he eaded by P Chidambara am, is
Indian Rupee per € 67.66 67.73 scheeduled to meet today to take up th issue of r
o he rollout
NYM
MEX Crude Oil($/bbl) 88.82 89.22 oblig
gations and spectrum p
pricing.
Gold ($/oz)
d 1,581.20 1,589.10
Silve ($/oz)
er 27.27 27.29
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note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
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als h
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • The Competition Appell late Tribunnal will b begin
Previous Currennt Change rehe
earing DLF's appeal against the CCI’s `63
e 30Cr
Com
mpany Name
e
Close(`
`) Price(`
`) (%) penalty order ttoday. The COMPAT will also take up
w e
Cadila Health 798.75
5 836.65 4.74 an application filed by D
DLF seeking clarity on the
g
Wipro 355.55
5 362.35 1.91 stat
tus of the c
cease and ddesist order that had b
r been
Glen
nmark Ph 381.00
0 388.15 1.88 passsed by Com
mpetition Commission of India last y
year
Marico 180.95
5 184.10 1.74 • Rata
an Tata said that Tata Ste eel's Europ
pean
TATA
AGLOBAL 114.35
5 116.30 1.71 operations will remain und der stress, but added that
(BSE Mid-Cap)
E operations in In
ndia are exp
pected to remain strong
g.
• Petr
roleum min nister Jaipa Reddy has prom
al mised
Previous Currennt Change
Com
mpany Name
e expeditious cle
earance for four investment propo
osals
Close(`
`) Price(`
`) (%)
Glod
dyne Tech 360.80 375.90 4.19 of Reliance and has agree to quicke approvals for
R d ed er
CHO
OLAFIN 206.25 214.00 3.76 two blocks in Cauvery basiin.
Resp
ponsive Inds 92.70 96.00 3.56 • Jindal Steel and Power te erminates a $2.1bn mining
Kirlo
oskar Oil Eng 151.65 155.95 2.84 and steel projec in Bolivia
ct a.
Mcle
eod Russel 311.05 319.30 2.65 • GTL Infra pro
L omoters m may infuse `930Cr in a
com
mpany arm for an allot
tted 44.6 cr
rore conver
rtible
TOP LOSERS debentures.
(BSE A-Group)
E • Reports say tha Coal Indi may finalize its `170
at ia 00Cr
Previous Currennt Change ract on July 31.
explosive contr
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
• Infosys has ab
bandoned t the acquisit
tion of Bel
lgian
Adani Enter 212.45
5 194.55
5 -8.43
payment solutio
ons, Clear2Pay.
JPINFRATEC 56.10
0 52.85
5 -5.79
• TCS has rece eived a m multi-year contract f
from
Muthoot Fin 139.70
0 131.80
0 -5.65
Scandinavian A
Airlines for a undisclos
an sed amount.
.
ADA POWER
ANI 48.75
5 46.35
5 -4.92
GMR Infra
R 23.75
5 22.75
5 -4.21 • Hind
dalco owne Novelis has pulled out of a joint
ed
ture with Alcoa Inc to r
vent recycle beve
erage cans.
(BSE Mid-Cap)
E
US markets
Previous Currennt Change
Com
mpany Name
e US markets rose o overnight, a
after investors encoura
aged
Close(`
`) Price(`
`) (%)
Info Edge India 367.05 357.05 -2.72 by US Fed Reserv Chairma Ben Bernanke's spe
ve an eech
TVS Motor 36.45 35.50 -2.61 and so
olid results from Goldm man Sachs Group Inc. and
Coca-C
Cola Co.
Alsto T&D
om 194.85 190.15 -2.41
Asho Leyland
ok 24.95 24.35 -2.40
COX KINGS
X 131.60 129.05 -1.94
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Wedn
nesday Thu
ursday Friday
F Monday
M
Reg
gions 18
8-Jul 19-Jul 20-Jul
2 23-Jul
Ind
dia Consumer Price
r Forex Re
eserves Dat
ta
Index
US Building p
permits & Initial Job
bless Claims
s American Petroleumm
Housing start data Institute Monthly
e
Report
MBA mort tgage Existing H
Home Sales
application (MoM)
Leading Indicator
(MoM)
Glo
obal Bank of En
ngland Japan's Leading UK Public Sector Ne
et Nationw wide Housing
Minutes Economic Index
c ng
Borrowin Prices s.a (MoM) an
s nd
n. s.a (Y
YoY)
Bank of Ca
anada Eurozone Current
e's Germany Producer
y
Moneytary Policy
y Account n
n.s.a Price Ind
dex (YoY &
MoM)
Bank of Ja
apan policy UK,s Ret Sales
tail
meeting mminutes (MoM) an (YoY)
nd
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NOTE CAPITTALS LTD.
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m
Disclaiimer: This re
eport is purely for informa ation purpose and is bassed on public information News cont
c n. tent is attribu
utable to
various media, unle specified otherwise. A market related statistic data perta
ess All cal ains to the im
mmediately preceding trad ding day,
unless stated other
s rwise. Neithe the informa
er ation nor any opinion expressed in this report constitutes an off
y s fer, or an invitation to
make an offer, to bbuy or sell the securities m
mentioned he erein. We or any of our directors, offic
cers or emplo
oyees shall not in any
way be responsible for any loss arising from the use of this report. Investors are advised to apply their own judgmen before
e e s m e o nt
acting on the conteents of this re
eport. The rep
port has not been edited due to time c
d constraints.