1.
India Morning Note
a g
Tues
sday, June 1 2012
12,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
• India markets snapped f
an five-day win
nning streak and
Nam of Index
me Jun 8 Jun 11 Change (%)
)
close on nega
ed ative note y yesterday affter global rating
Sensex 16,718.87 16,668.01 -0.30%
agenncy Standard & Poor' warned that India could
's
CNX Nifty
X 5,068.35 5,054.10 -0.28% becoome the fir BRIC nation to lose its investment-
rst e
BSE Mid-cap 5,988.21 5,976.48 -0.20% grad rating if the South A
de Asian country doesn't r revive
BSE IT 5,617.05 5,613.88 -0.06% its growth and push the p
g pedal on refforms. The S&P’s
BSE Banks 11,513.80 11,462.48 -0.45% repo sparked profit-taking after Indian stocks p
ort posted
their best week gain of th year last week. That rally
r kly he t
FII A
Activity (`Cr)
had been fuelle by hopes the Reser
ed s rve Bank of India
f
Date
e Buy Sell Net would cut inte erest rates and by th governm
he ment's
08-Jun 1,779 1,498 280 prommise to kicks
start infrast
tructure pro
ojects.
07-Jun 2,740 2,000 741 • Investors are wwaiting for a critical data in co
oming
Tota Jun
al 12,407 12,559 -152 weeks for Indian markets Industria output is due
s. al s
2012 YTD 295,441 253,654 41786 toda followed by inflatio date on Thursday, which
ay, d on
could lead to a
adjustments in rate cut expectatio
s t ons in
MF A
Activity (`Cr) the RBI meeting on 18th Ju
R g une.
Date
e Buy Sell Net • Vide
eocon Indusstries and BPCL rose after Ana
adarko
07-Jun 285 280 5 oleum Corp says it has found significant gas
Petro
06-Jun 831 361 470 rese
erves off th coast o Mozamb
he of bique. BPCL and
L
Tota Jun
al 2,508 1,685 823 Vide
eocon own 1
10% each in the Mozam
n mbique block
k.
2012 YTD 56,372 62,016 -5644 • Powe generatio companies rose for the third straight
er on
day as Prime Minister laid out ambitio
ous infrastru
ucture
Volu
ume & Adva
ances / Dec
clines deveelopment plans for the current fiscal year which
f
NSE BSE inclu
udes plans to add a r record 18,0000MW of p power
Trad
ding Volume (Cr) 72.28 18.59 capaacity this ye
ear.
Turn
nover (`Cr) 9,620 1,971 • Markket breadth was posit
h tive at ~1.15x as inve
estors
Advances 769 1,447 boug mid and small cap stocks. On provisional basis,
ght d
FIIs bought e equity of `1.30bn while dom mestic
Declines 693 1,260
institutions sold equity of `
d `2.15bn in cash segmen
nt.
Unchanged 94 144
• Asian shares fe today, a issues ov
ell as ver Spain’s bank
Tota
al 1,556 2,851
bailo gave wa to uncert
out ay tainty over the details.
t
Glob Markets
bal • We expect a gap down ope
e ening for the Indian ma
e arkets,
Inde
ex Late Values
est Change (%)
) as worries rose over slowd
w down after S&P said tha the
S at
DJIA
A 12,411.23 -1.14% coun
ntry may lose its in nvestment grade and thed
sent
timents over global maarkets is weak. The inve
estors
NAS
SDAQ 2,809.73 -1.70%
may keep a close watch on the IIP data to be released
y n
Nikk *
kei 8,514.76 -1.28%
toda
ay.
Hang Seng * 18,792.10 -0.85%
Econom and Cor
mic rporate Dev
velopments
s
* as o 8.25AM IST
of
• Ratin
ngs agency S&P said India may become the first
y e
Curr
rencies / Co
ommodities Snapshot
s BRIC country to lose the in
C o nvestment grade rating S&P
g g.
Latest Previous said that slow G
GDP growth is pushing up the risk of a
h g
Quote Close rate cut. S&P ssaid the coountry's reaactions to s
slower
Indian Rupee per $ 55.69 55.42 grow and extent of vulne
wth erability to economic sshocks
Indian Rupee per € 69.44 69.31 could determine rating.
e
NYM
MEX Crude Oil($/bbl) 81.79 82.70 • Dism
missing conc
cerns that India's growth rate may drop
y
Gold ($/oz)
d 1,592.70 1,595.50 below 6.5%, Finance Minister Pranab Mukherjee said
b e
Silve ($/oz)
er 28.53 28.62 20122-13 would be the turnaround year for the
d d
econ
nomy.
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 • Vide
eocon and Philips are gearing up to usher in a
p
Previous Currennt Change new regime wi
w ith new mo odels that can receive and
c
Com
mpany Name
e
Close(`
`) Price(`
`) (%) adcast TV signals witho a set-top box, though a
broa out
Volt
tas 104.15
5 108.15 3.84 debate over th preparedness of cab operator to
he ble rs
Vide
eocon Inds 169.55
5 175.00 3.21 migrate to digit
tisation from July 1 continues to ra
m age.
Synd
dicate Bank 96.90
0 99.65 2.84 • The two companies are launching light-emit
e g tting
Lanc Infra
co 13.28
8 13.65 2.79 diod (LED) TV that will eliminate the need f
de Vs for a
ADA POWER
ANI 47.00
0 48.10 2.34 set-top box, a d
device otheerwise neces
ssary to rec
ceive
(BSE Mid-Cap)
E digit signals in the new regime. This will be the
tal w T e
seco
ond time that Videocon will take a shot at this; it
n
Previous Currennt Change had launched ‘Satellite TV almost five years ago,
Vs’
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
but these didn’t work in the marketpla
ace.
GVK Power
K 12.65 14.40 13.83
KSK Energy
K 51.15 53.70 4.99 • Vedanta Aluminum Ltd (V VAL) is plann
ning to buy the
y
Anant Raj Inds 47.35 49.55 4.65 pow
wer business undertak king of Mad dras Aluminnium
Volt
tas 104.15 108.15 3.84 Commpany Ltd (Malco) fo an estimated `15
or 50Cr.
Vedanta Group will subse
p equently me erge Malco with
Raymond 369.25 382.65 3.63
Sesa Goa as pa of a larg amalgam
a art ger mation scheeme,
TOP LOSERS acco
ording to V VAL Group’s Sterlite In
s ndustries (In
ndia)
Ltd. Vedanta “ “shall pay t Malco a lump-sum cash
to
(BSE A-Group)
E conssideration o around `
of `150Cr”, sa a note f
aid from
Previous Currennt Change Ster
rlite Industri
ies.
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
• Suzl
lon said tha the holders of the June tranch of
at J he
Lupi
in 546.10
0 524.45
5 -3.96
FCC
CBs (foreign currency convertible bonds) h
n e have
Sun TV Network 257.65
5 248.55
5 -3.53
approved its p proposal for an extens
r sion of maturity
Unio Bank
on 212.40
0 205.10
0 -3.44
date until July 2
e 27.
Havells India 562.70
0 544.55
5 -3.23
US markets
Pidil
lite Inds 174.25
5 169.00
0 -3.01
U.S. stocks drop
s pped sharp ply Monday as inves
y, stors
(BSE Mid-Cap)
E fretted coming events, includ
d ding election in Greece
ns e.
Previous Currennt Change The Do Jones Ind
ow dustrial Ave
erage slid 14
42.97 point or
ts,
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
1.1%, at 12,411.2 The S&P 500 Index declined 16.73
23. P
Pres
stige Estates 122.20 115.15 -5.77
points, or 1.3%, at 1,308.93 The Nas
3. sdaq Compo osite
COX KINGS
X 137.80 131.55 -4.54
Index slipped 48.6 points, or 1.7%, at 2,809.73.
s 69 r
D B REALTY 89.70 85.90 -4.24
Mon
nnet Ispat 340.45 327.20 -3.89
Delt Corp
ta 65.85 63.30 -3.87
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 12-Jun 13
3-Jun 14-Jun
1 15-Jun
Ind
dia Index of In
ndustrial WPI base Inflation
ed Forex Reserves Data
R
Production (IIP) for
n for the m
month of Ma
ay
April 2012
2 2012
Bank Lo
oan Growth
US Monthly budget Retail Sales Capacity utilization
y Industri Productio
ial on
statementt (MoM), Capacity
Utilization, Total Ne
et
TIC Flowws
Business Inventories
s NY Emp pire State
Manufacturing Inde ex
Glo
obal UK industr
rial Germany CPI Data
y Euro Zo
one
production
n Employyment Chang ge
(YoY & QoQ) & Trad de
Balance n.s.a
e
UK Trade balance UK Goods Trade
Balance & Trade
e
Balance non- EU
e;
Japan BoJ Interest
B
Rate De
ecision
KEYN
NOTE CAPITTALS LTD.
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m
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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
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er ation nor any opinion expressed in this report constitutes an off
y s fer, or an invitation to
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mentioned he erein. We or any of our directors, offic
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oyees shall not in any
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e e s m e o nt
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eport. The rep
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