1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Tuesday, July 24, 2012
Domestic Markets Snapshot Views on markets today
Name of Index Jul 20 Jul 23 Change (%) • Indian markets fell for the second straight trading
Sensex 17,158.44 16,877.35 -1.64% session yesterday to hit their lowest level in four
CNX Nifty 5,205.10 5,117.95 -1.67% weeks as stocks fell across the globe on renewed
BSE Mid-cap 6,184.10 6,103.25 -1.31% concerns over debt problems in Spain and Greece.
BSE IT 5,320.58 5,257.79 -1.18% Investors also booked profits in recently outperformed
BSE Banks 12,042.03 11,805.18 -1.97% sectors such as banks after global risk aversion
hammered Asian markets. Also, investors are starting
FII Activity (`Cr)
to grow concerned that the government may not be
Date Buy Sell Net able to deliver substantial policy reforms after last
20-Jul 1,696 1,456 377 week's presidential elections, threatening to undo the
19-Jul 2,031 1,816 377 strong gains in Indian stocks seen last month. BSE
Total Jul 36,306 26,813 9794 Sensex shed 281.09 points or 1.64%, off close to 170
2012 YTD 359,831 309,328 50804 points from the day's high and up about 30 points
from the day's low.
MF Activity (`Cr)
• Metal stocks declined across the board after a Chinese
Date Buy Sell Net
central bank adviser predicted the nation's expansion
19-Jul 559 601 20
may cool to 7.4% this quarter, adding to concern that
18-Jul 495 475 20
the world's second-biggest economy has yet to bottom
Total Jul 5,366 7,267 -1838 out. Indian retailers were among the big decliners on
2012 YTD 68,509 76,255 -7683 media reports that government coalition members
Volume & Advances / Declines Samajwadi Party and leftist parties had written to
Prime Minister Manmohan Singh to oppose opening up
NSE BSE
foreign investments into multi-brand retail outlets.
Trading Volume (Cr) 47.88 28.45
Auto stocks declined across the board on speculation
Turnover (`Cr) 7,783 3,949
the government will raise fuel prices shortly to lighten
Advances 360 990 its subsidy burden and improve fiscal position. Maruti
Declines 1,133 1,794 Suzuki India tumbled after the company declared
Unchanged 58 108 lockout at its Manesar, Haryana plant after last week's
Total 1,551 2,892 labour unrest.
Global Markets • Market breadth was weak at ~0.55x as investors sold
Index Latest Values Change (%) large cap stocks. On provisional basis, FIIs bought
DJIA 12,721.46 -0.79% equity of `1.09bn while domestic institutions sold
equity of `3.54bn in the cash segment.
NASDAQ 2,890.15 -1.20%
Nikkei * 8,472.62 -0.42% • Asia stocks markets fall, following sharp losses in the
Hang Seng * 19,053.47 -2.99% US markets, as fresh worries about Europe took a
* as of 8.25AM IST fresh slug at investor confidence.
Currencies / Commodities Snapshot • We expect a weak opening for the Indian markets
Latest Previous today, following the weak environment in the global
Quote Close markets.
Indian Rupee per $ 55.92 55.13
Economic and Corporate Developments
Indian Rupee per € 67.74 67.68
NYMEX Crude Oil($/bbl) 88.16 88.14 • Oil Marketing Companies to hike petrol prices by 70
Gold ($/oz) 1,575.50 1,577.40
paise per litre from midnight.
Silver ($/oz) 26.99 27.04 • Textile companies seek `12,000Cr debt recast.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • Maruti may see large-scale layoffs, up to 600
Previous Current Change workers could be fired for Manesar violence.
Company Name
Close(`) Price(`) (%) • After exiting Axis Bank and Yes Bank, HSBC to sell
Shriram Trans 537.45 557.75 3.78
stakes in Karnataka Bank and Federal Bank also.
Indian Bank 183.90 190.00 3.32
• Colgate to open new plants in Gujarat and Andhra
M&M Fin 674.60 687.95 1.98
Pradesh.
Ultratech Cem 1566.95 1596.25 1.87
Zee Entert 149.85 152.55 1.80 • Coal India gets cabinet nod for taking over closed
unit of FCI in Orissa.
(BSE Mid-Cap)
• Lupin to challenge Pregabalin ruling by US court.
Previous Current Change
Company Name • Aurobindo Pharma gets USFDA nod for generic
Close(`) Price(`) (%)
Shree Global Trd 78.35 86.15 9.96 Metformin tablets.
Puravankara Proj 63.10 66.35 5.15 • Dabur India increases its ad spends.
BAJFINANCE 1008.40 1057.80 4.90 US markets
MTNL 25.20 25.90 2.78
US markets dropped sharply overnight but pared steep
Bajaj Hind 32.45 33.35 2.77
losses from earlier in the session, as worries about
Europe’s fiscal health flared back up, pushing U.S.
TOP LOSERS
Treasury yields to new lows and boosting the dollar.
(BSE A-Group)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Crompton Greav 130.10 118.15 -9.19
Pantaloon Retl 190.00 175.00 -7.89
HDIL 81.90 76.25 -6.90
Godrej Inds 246.00 232.00 -5.69
Maruti Suzuki 1144.55 1079.90 -5.65
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Pantaloon Retl 190.00 175.00 -7.89
HDIL 81.90 76.25 -6.90
Godrej Inds 246.00 232.00 -5.69
Shriram City Uni 735.50 695.00 -5.51
GVK Power 14.60 13.80 -5.48
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 24/Jul 25/Jul 26/Jul 27/Jul
India Forex Reserves Data
Bank Loan Growth
US Housing Price MBA Mortgage Durable Goods Orders GDP Annualized &
Index (MoM) Applications (Jul 20) (Jun) GDP Purchase Price
Index
Markit EIA Crude Oil Stocks Initial Jobless Claims Reuters / Michigan
Manufacturing PMI change (Jul 20) (Jul 21) Consumer Sentiment
Index
Global Eurozone's Markit EURO Consumer EURO Gfk Consumer Germany Consumer
PMI Composite Confidence (Jul) Confidence Survey Price Index (YoY &
(Aug) MoM)
Japan's EUROIFO - Business EURO EcoFin Meeting Germany Retail
Merchandise Trade Climate (Jul) Sales (YoY & MoM)
Balance Total
UK Gross Domestic
Product (QoQ) (Q2)
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