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Keynote capitals india morning note july 18-'12
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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c n. tent is attribu
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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
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er ation nor any opinion expressed in this report constitutes an off
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