1.
India Morning Note
a g
Thur
rsday, June 14, 2012
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 12 Jun 13 Change (%)
) • India markets ended vol
an latile sessio with ma
on arginal
Sensex 16,862.80 16,880.51 0.11% gain on Wedne esday, a da before key inflation data
ay k n
that could help determine whether the central bank
p e t
CNX Nifty
X 5,115.90 5,121.45 0.11%
will cut interes rates an further spur a ra
st nd ally in
BSE Mid-cap 6,013.37 6,000.94 -0.21%
dommestic indexxes. The weeak January- -March economic
BSE IT 5,657.27 5,682.77 0.45% grow data, S&
wth &P's warning of a sover
g reign downggrade,
BSE Banks 11,680.20 11,667.19 -0.11% and the dismal industrial o
output data for April haave all
FII A
Activity (`Cr) receently raised expectatio
ons for a ra ate cut from the
m
Reseerve Bank o India on Ju
of une 18.
Date
e Buy Sell Net
• Investors are ex
xpecting for a volatile couple of wweeks
12-Jun 1,454 1,430 24
ndian marke
in In ets, as the WPI and RBI meeting will
R gs
11-Jun 1,619 1,405 214
also be accomppanied by GGreek electioons this weeekend
Tota Jun
al 15,480 15,394 86 and the Fede eral Reservve's meeti ing next week.
2012 YTD 298,514 256,489 42024 Golddman Sac
chs recommmended investors stay
MF A
Activity (`Cr) "undderweight" in Indian equities on a three-m
n month
horiz
zon as markkets may slide further on the back of "a
o k
Date
e Buy Sell Net
sluggish domesstic and glob growth outlook.
bal o
07-Jun 285 280 5
• Sharres of diese vehicles makers dec
el clined on re
eports
06-Jun 831 361 470
the government is plan nning to compensate the
c e
Tota Jun
al 2,508 1,685 823
subssidy on dies by taxing cars runn
sel ning on diessel. As
2012 YTD 56,372 62,016 -5644 per reports, Oil Minist ter S Jaip pal Reddy has
Volu
ume & Adva
ances / Dec
clines ommended a steep `2
reco 2.55 lakh additional ta on
a ax
large and medium diesel c
e cars and `1.
.70 lakh on small
NSE BSE
diesel cars.
Trad
ding Volume (Cr) 60.81 20.29
• Most of the gas distribution stocks gained as the Delhi
t s n
Turn
nover (`Cr) 9,734 2,118
High Court quas
h shed the PNNGRB's (Petroleum & Natural
Advances 708 1,403
Gas Regulator ry Board) tariff or rder serve ed to
Declines 733 1,301 Indra
aprastha Ga (IGL).
as
Unchanged 110 145
• Markket breadth was marg
h ginally higher at ~1.08x as
Tota
al 1,551 2,849 investors bougght large ccap stocks. On provisional
.
Glob Markets
bal basis, both FIIs and do omestic insstitutions bought
equities worth `
`2.18bn and `0.77bn, respectively.
d
Inde
ex Late Values
est Change (%)
)
DJIA
A 12,496.38 -0.62% • Asian markets are down today, aft ter the inveestors
turned cautious ahead of t
s the Greek election resuults on
NAS
SDAQ 2,818.61 -0.86%
Sundday and Italy's bond au
uctions later in the day.
r .
Nikk *
kei 8,528.51 -0.69%
• We expect a we
e eak opening for the Indian marke
g ets, as
Hang Seng * 18,869.76 -0.82%
investors will b watchful ahead of the monthly WPI
be t y
* as o 8.25AM IST
of
base inflation data and we
ed eak global sentiments.
s
Curr
rencies / Co
ommodities Snapshot
s
Econom and Cor
mic rporate Dev
velopments
s
Latest Previous
Quote Close • The gross direect tax coll
lection grew marginal
w lly by
Indian Rupee per $ 55.56 55.81 3.622% to `52,2
232Cr in th first two months o the
he o of
curre fiscal. T
ent The gross reealisation fr
rom direct tax in
Indian Rupee per € 69.82 69.79
April and May 2011 was `50,407Cr Net direc tax
r. ct
NYM
MEX Crude Oil($/bbl) 82.78 82.62
ections, ho
colle owever, w were significantly up at
Gold ($/oz)
d 1,617.30 1,618.50 `35,323Cr durin April-May of 2012-13 from `12,956Cr
ng y 3
Silve ($/oz)
er 28.90 28.94 in th year-ago period, acc
he cording to a Finance Mi inistry
stateement.
Keyn
note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
Keyynote Capita Research is also available on
als h
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omberg KNTE <GO>, Tho
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • NTPPC said it could m
t meet its thermal po
t ower
Previous Currennt Change generation targ get of 25,0
000 Mw by 2017 if it gets
Com
mpany Name
e
Close(`
`) Price(`
`) (%) fuel supply ass om Coal Ind (CIL) in the
surance fro dia
Unit
ted Brew 481.45
5 516.00 7.18 next six months. “As of now, the coal linkage tha we
t at
Unit
ted Spirits 636.85
5 677.40 6.37 have would allow us to a add 14,500 MW, we w would
Indr
raprastha Gas
s 230.50
0 241.55 4.79 love to do 25,0
e 000,” NTPC chief Arup Roy Choudhury
Pow Finance
wer 162.05
5 169.65 4.69 told reporters in New Delhi.
n
IRB Infra 122.30
0 127.65 4.37 • Colg
gate has begun construuction work at its upcom
ming
(BSE Mid-Cap)
E plan site in Sanand. T
nt The compan is likely to
ny y
com
mmission ma anufacturing at the plan by late 2014.
g nt
Previous Currennt Change
Com
mpany Name
e • Reliance Comm munications said the Singapore s
S stock
Close(`
`) Price(`
`) (%)
Hind
dustan Oil 113.55 120.65 6.25 exch hange appr roved its undersea ca able unit for an
India Cements
a 75.75 79.85 5.41 fering (IPO) that could raise more than
initial public off
Pars
svnath Dev 53.65 56.45 5.22 $1bn.
Shre Global Trd
ee d 79.35 83.30 4.98 • The Madras Hig Court has restrained TTK-LIG Lt a
gh d td,
Indr
raprastha Gas
s 230.50 241.55 4.79 joint venture be
t etween Indi
ia’s TTK Gro
oup and the UK-
e
base Reckitt Benckiser Group Plc from se
ed c, elling
TOP LOSERS conttraceptives overseas to any com mpany but the
joint venture pa
t artner.
(BSE A-Group)
E
US markets
Previous Currennt Change
Com
mpany Name
e
Close(`
`) Price(`
`) (%) U.S. sttocks dropped overnight as invvestors beccame
Obe
eroi Realty 262.60
0 251.70
0 -4.15 cautiou ahead o Greek elections Sunday and a
us of after
Maruti Suzuki 1146.30
0 1107.50
0 -3.38 Egan-Joones Rating Co. downgraded its sovereign ra
gs s ating
Volt
tas 107.15
5 103.95
5 -2.99 on Spa further in junk.
ain nto
IPCA Lab
A 351.65
5 341.25
5 -2.96
Opto Circuits
o 148.15
5 143.80
0 -2.94
(BSE Mid-Cap)
E
Previous Currennt Change
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Mah
harashtra Sea
a 354.10 342.10 -3.39
Jinda Saw
al 130.75 126.50 -3.25
Jinda Stainless
al 73.95 71.65 -3.11
Fres
senius Kabi 97.40 94.40 -3.08
Volt
tas 107.15 103.95 -2.99
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Thursday Fr
riday Monday
M Tuesday
T
Reg
gions 14
4-Jun 15
5-Jun 18-Jun
1 19-Jun
Ind
dia WPI based Inflation
d Forex Res
serves Data
a Consumer Price
for the mo
onth of May Index
2012
M3 Money Supply
y Bank Loa Growth
an
US Capacity u
utilization Industrial Production
n NAHB Ho ousing Housing Starts
g
(MoM), Capacity Market Index (MoM)
Utilization Total Net
n, t
TIC Flows s
NY Empir State
re Building Permits
g
Manufact
turing Index
x (MoM)
Glo
obal Japan's Ind
dustrial Euro Zone Bank of J
Japan UK's Co
onsumer Pric
ce
Production (MoM)
n Employmment Changee Monthly Economic Index (M
MoM) and
and (YoY) (YoY & Qo
oQ) & Trade
e Survey (YoY)
Balance n
n.s.a
Japan's Caapacity UK Goods Trade
s Japan's Leading
Utilization
n Balance & Trade Econom Index
mic
Balance; non- EU
Japan BoJ Interest
J Germanny's ZEW
Rate Dec
cision Survey - Economic
Sentime
ent
KEYN
NOTE CAPITTALS LTD.
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m
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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
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