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Keynote capitals india morning note jun 11-'12
1.
India Morning Note
a g
Mond
day, June 11, 2012
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 7 Jun 8 Change (%)
) • India markets rose for the fifth straight tr
an s rading
Sensex 16,649.05 16,718.87 0.42% sess
sion on Fridday and att tained their highest closing
r
level in 4-1/2 wweeks on h hopes the Reserve Ba ank of
CNX Nifty
X 5,049.65 5,068.35 0.37%
India (RBI) will cut inte
a erest rates at mid-qu uarter
BSE Mid-cap 5,975.23 5,988.21 0.22%
monnetary policy review on 18 June 2012 to pro up op
BSE IT 5,659.37 5,617.05 -0.75% slow
wing econom my. Comme ents from Ashima Goy
A yal, a
BSE Banks 11,455.49 11,513.80 0.51% memmber of the RBI's tec
e chnical advvisory comm
mittee
FII A
Activity (`Cr) that RBI has some room to provide a mon
m netary
stimulus to the economy raised ho
e y, opes the central
Date
e Buy Sell Net
bank will cut po
k olicy rates to prop up slowing economy.
o
07-Jun 2,740 2,000 741
• The gains on Frriday came despite rising worries about
06-Jun 3,329 3,160 169
the global economy given the lack of clarity about
n
Tota Jun
al 10,629 11,061 -432 ential U.S. monetary s
pote stimulus, worries Chin will
w na
2012 YTD 293,663 252,156 41506 post weak dat on Satu
t ta urday, and concerns about
MF A
Activity (`Cr) Span
nish banking woes.
g
Date
e Buy Sell Net • FMCG stocks extended recent gains triggere by ed
07-Jun 285 280 5
val of mons
arriv soon in Kerala early this week. Good
mon nsoon may b
boost farm i
incomes and rural cons
sumer
06-Jun 831 361 470
spennding.
Tota Jun
al 2,508 1,685 823
• L&T rose 2.53% as the company ann
% nounced tha L&T
at
2012 YTD 56,372 62,016 -5644
Ship
pbuilding, a subsidiary of the comp pany has ba
agged
Volu
ume & Adva
ances / Dec
clines orde
ers valued at `483
d 3Cr for four specialized
f
NSE BSE commercial ves ssels in Q1 June 2012.
Trad
ding Volume (Cr) 61.98 18.59 • Mark breadth was flat at ~1.01x as investors bought
ket
Turn
nover (`Cr) 9,741 1,971 large cap stoc
e cks. On pro
ovisional ba
asis, FIIs b
bought
Advances 690 1,371 equity of `2.02bn while domestic institutions sold
s
equity of `0.81b in cash segment.
bn
Declines 750 1,357
Unchanged 97 118 • Asian stock markets rose s sharply today, after ne
ews of
a pla to shore up Spanish banks, reduced the g
an e h global
Tota
al 1,537 2,846
worrries on Euro
opean crisis.
.
Glob Markets
bal
• We expect a gap up openin for the In
e ng ndian marke
ets, as
Inde
ex Late Values
est Change (%)
) the easing worries over Spain and expectatio ons of
DJIA
A 12,554.20 0.75% rising liquidity across glob econom
bal mies and in India
NAS
SDAQ 2,858.42 0.97% would spur the markets.
Nikk *
kei 8,616.79 1.86% Econom and Cor
mic rporate Dev
velopments
s
Hang Seng * 18,872.93 2.00% • Inter
rest rates in India are not too high to affect
o
* as o 8.25AM IST
of growwth, Reserve Bank of India Deputy Governor K.C.
Curr
rencies / Co
ommodities Snapshot
s Chakkrabarty sai on Friday
id y.
Latest Previous • Planning Comm mission Deputy Chairman Montek Singh
Quote Close uwalia today pegged t
Ahlu y the growth forecast fo the
or
Indian Rupee per $ 55.42 54.95 curre
ent fiscal a 6.5-7% saying economic recov
at very is
Indian Rupee per € 69.31 69.04 expeected only in the secon quarter.
nd
NYM
MEX Crude Oil($/bbl) 85.93 84.10 • Chie Economic Adviser Ka
ef aushik Basu has warned that
d
Gold ($/oz)
d 1,598.00 1,590.10 if the Eurozone breaks up finally, it will hit India in the
e
Silve ($/oz)
er 28.69 28.47 face as the couuntry is unlikely to have the streng to
gth
over rcome that c
crisis.
Keyn
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 • Ashok Leyland announced it had sup
d pplied 100 o its
of
Previous Currennt Change con’ brand buses to Ghana against an o
‘Falc order
Com
mpany Name
e
Close(`
`) Price(`
`) (%) wort $7.6mn (
th (`42Cr).
Sun TV Network 236.10
0 257.65 9.13
• Termming the w week-long st trike by woorkers for w
wage
HDIL
L 68.75
5 72.80 5.89
hike as 'illegal', the Arvind Ltd's management on
e m
India
abulls Fin 222.90
0 233.35 4.69 Sunday threate ened strict legal action if the wor
n rkers
Relia
ance Infra 482.50
0 501.90 4.02 fail to turn up fo work on Monday.
t or
JSW ENERGY 45.40
0 47.10 3.74
• The government will dec cide if incumbent tele ecom
(BSE Mid-Cap)
E operators like A
Airtel, Vodaffone and Ta Teleserv
ata vices
have to pay a market- -discovered price for the
Previous Currennt Change
Com
mpany Name
e specctrum they currently hold. "Sp
y pectrum pri icing
Close(`
`) Price(`
`) (%)
Jet A India
Air 339.85 363.80 7.05 polic is about what is the need to pa or not to pay
cy e ay
Tata Coffee
a 847.15 901.30 6.39 (by the existin operators as far as the spect
ng s) trum
HDIL
L 68.75 72.80 5.89 they already h
y hold is conncerned," a source in the
Berg Paints
ger 141.65 148.90 5.12 Deppartment of Telecommu unications (D
DoT) said.
Rallis India 134.20 140.65 4.81 • Bharat Heavy Electricals Ltd (BHEL) may not join
hands with steel maker Rashtriya Ispat Nigam
a
TOP LOSERS Limited (RINL) and MECO Ltd for the propo
ON r osed
`2,0
000Cr joint v
venture tha plans to set up a fac
at s ctory
(BSE A-Group)
E
at Vizag for ma
V anufacturing steel for co sectors.
g ore
Previous Currennt Change
Com
mpany Name
e • ONGGC is inte erested in acquiring West Be engal
Close(`
`) Price(`
`) (%)
Auro
obindo Phar 110.00
0 106.45
5 -3.23 government's s stake in ail
ling Haldia Petrochemicals
God
drej Cons 575.95
5 558.70
0 -3.00 Ltd (HPL), a top company o
p official said.
.
Glen
nmark Pharm
m 375.15
5 366.95
5 -2.19 • Mahhindra Satya approve the mer
am ed rger of the firm
Unit
ted Spirits 639.20
0 626.75
5 -1.95 with its parent company Te
h ech Mahindra.
Dab India
bur 105.70
0 103.70
0 -1.89 • The Reserve B Bank of Ind has app
dia proved Relia
ance
Capital's `1,4550Cr stake sale in it mutual fund
ts
(BSE Mid-Cap)
E
busi
iness unit to Japan's Nippon Life.
o
Previous Currennt Change
Com
mpany Name
e US markets
Close(`
`) Price(`
`) (%)
BEM
ML 407.95 385.40 -5.53 US markets on Fr riday reportted their be week ye for
est et
India Cements
a 76.25 72.70 -4.66 the year as invesstors took a hopeful view that Europe
Shre Global Trd
ee d 83.80 79.95 -4.59 would move to coombat its ec conomic cris including an
sis,
S Mo
obility 47.95 45.80 -4.48 pated recapitalization of Spanish ba
anticip f anks.
Auro
obindo Phar 110.00 106.45 -3.23 The Do Jones Ind
ow dustrial rose 93.24 points, or 0.8% to
e %,
12,554
4.20. The S& 500 Inde climbed 10.66 point or
&P ex ts,
0.8%, to 1,325.65. The Nas sdaq Composite advan nced
27.40 points, or 1% to 2,858.42.
p %,
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)
3.
India and Globa Economic Calendar
a al c
Countries / Mon
nday Tuesday Wed
dnesday Thursday
Reg
gions 11-Jun 12
2-Jun 13-Jun
1 14-Jun
Ind
dia Index of I
Industrial WPI based Inflation
Productio (IIP) for
on for the month of
April 2012 May 2012
US Monthly b
budget Retail Sa
ales Capacit utilization
ty n
statemen
nt
Business Inventorie
s es
Glo
obal Germany Wholesale UK indust
trial Germany CPI Data
y
Price Index productio
on
Japan Corporate UK Trade balance
e
goods pric index
ce
UK Housin price
ng
balance
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various media, unle specified otherwise. A market related statistic data perta
ess All cal ains to the im
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unless stated other
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