1.
India Morning Note
a g
Wednesday, Jun 20, 2012
ne 2
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 18 Jun 19 Change (%)
) • India markets surged in c
an choppy trad and closed on
de
posit
tive note yesterday, recovered fr rom steep llosses
Sensex 16,705.83 16,859.80 0.92%
in the previous session, as hopes the govern nment
CNX Nifty
X 5,064.25 5,103.85 0.78%
esel prices a an initial step to im
would raise die as mprove
BSE Mid-cap 5,895.36 5,905.48 0.17% its finances li ifted oil s
stocks such as ONG
h GC. A
BSE IT 5,717.12 5,711.76 -0.09% ement by P
state Prime Ministter Manmoh han Singh a the
at
BSE Banks 11,220.87 11,281.84 0.54% G20 Plenary Se ession said that the Ind
dian governnment
FII A
Activity (`Cr) is de
etermined to create an environme that will boost
o ent
investor sentimment and promote an atmos sphere
Date
e Buy Sell Net condducive to enterprise and creativity, bo oosted
18-Jun 1,714 2,307 -593 investor sentiment.
15-Jun 2,530 2,138 392 • The hopes come a day afte Fitch Rat
er tings becam the
me
Tota Jun
al 22,876 22,628 248 seco
ond credit agency af fter Standa
ard & Poor's to
2012 YTD 305,910 263,723 42186 threaten India's investme ent-grade status by cutting
the sovereign outlook to "negative, and afte the
," er
MF A
Activity (`Cr)
centtral bank daashed hope for mone
es etary stimulus by
Date
e Buy Sell Net keepping interest rates on h
hold.
18-Jun 469 507 -38 • Euro
opean mar rkets also rose aft ter better-than-
15-Jun 390 376 14 expe
ected result for a Sp
ts panish debt auction an on
t nd
Tota Jun
al 5,092 4,708 384 rumoours that th Europea Central Bank would prop
he an B d
2012 YTD 58,956 65,039 -6083 up Spanish gov
S vernment boonds, after yields on 10
y 0-year
Span
nish government bonds closed abo
s ove 7%.
Volu
ume & Adva
ances / Dec
clines
• GVK power & Infrastructu
K ure rose 4.
.8% on rep ported
NSE BSE
plans to raise $500mn to $
$600mn by selling a sta
ake in
Trad
ding Volume (Cr) 54.19 16.05 its Singapore arrm.
Turn
nover (`Cr) 9,081 1,866
• Markket breadth was however flat at ~1.02 2x as
Advances 709 1,350 investors bougght large c
cap stocks. On provisional
.
Declines 733 1,321 basis, both FIIs and do omestic ins
stitutions bought
Unchanged 84 135 equities worth `0.93bn an `2.79bn, respectively in
nd
Tota
al 1,526 2,806 cash segment.
h
Glob Markets
bal • Asian markets rose early trading sesssion today, after
US Fed said tha it conside further mo
F at er oves to stim
mulate
Inde
ex Late Values
est Change (%)
) econ
nomy.
DJIA
A 12,837.33 0.75%
• We expect a positive opening for the Indian ma
e arkets
NAS
SDAQ 2,929.76 1.19% toda following the cues f
ay, g from the As
sian market and
ts
Nikk *
kei 8,722.15 0.77% investors may t
take fresh b
buying posit
tions as the news
Hang Seng * 19,491.76 0.39% arding no r
rega rate cut an Fitch's downgrade look
nd e
* as o 8.25AM IST
of facto
ored in.
Curr
rencies / Co
ommodities Snapshot
s Econom and Cor
mic rporate Dev
velopments
s
Latest Previous • The Indian goveernment mu reduce spending an not
ust s nd
Quote Close just raise taxe for fisca consolidation, the RBI’s
es al
Indian Rupee per $ 55.87 55.91 Goveernor D. Suubbarao said on Tuesday, a day after
Indian Rupee per € 70.89 70.22 the central bank kept inter
c k rest rates steady.
NYM
MEX Crude Oil($/bbl) 83.91 84.03 • Refle
ecting slow
wdown in th economy and erosi
he y ion of
Gold ($/oz)
d 1,620.60 1,622.30 investor confide
ence, FDI in India has declined by 41%
n y
to $1.85bn in April. The country ha attracted FDI
$ ad
Silve ($/oz)
er 28.42 28.37
wort $3.12bn i April, 201
th in 11.
Keyn
note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
Keyynote Capita Research is also available on
als h
Bloo
omberg KNTE <GO>, Tho
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Afte a year of investi
er igating cha arges of p price
Previous Currennt Change collu
usion and artificial s
scarcity, th
he Compet tition
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Commmission of India (CCI) is set to pass an or
f rder,
HPC
CL 301.30
0 320.45 6.36 accuusing top ce
ement comppanies of cre
eating a car
rtel.
Strid Arco
des 719.25
5 758.20 5.42
• Acco
ording to t top CCI offficials, thou
ugh 39 cemment
Fina
ancial Tech 639.95
5 668.50 4.46 mpanies wer under the scanner, only the top 11
com re e
Woc
ckhardt 840.15
5 872.30 3.83 by revenue are likely to f
r e face penal action, of e
eight
India Oil Corp
an 241.45
5 249.80 3.46 per cent of thheir average sales in the past three
e
(BSE Mid-Cap)
E years. The orde has been signed by all members of
er n
the Commissio but is yet to be signed by its
on y
Previous Currennt Change chairman, officials said.
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Anant Raj Inds 44.20 46.60 5.43 • If th order goe through, UltraTech Cement, Am
he es C mbuja
Strid Arco
des 719.25 758.20 5.42 Cem ments and ACC, whic control a third of the
ch
GVK Power
K 13.44
4 14.14 5.21 voluumes in Indi are likely to be impacted the m
ia, y most.
Sun Pharma Adv
v 69.10 72.60 5.07 Jayppee Cements, India Cements and Madras
Cem ments, too, a expecte to face ac
are ed ction.
Supreme Inds 204.75 214.00 4.52
• GVK Power an Infrastru
K nd ucture is se eeking to r
raise
TOP LOSERS $500-600mn by selling a stake in its Singapore arm
y
and is in tallks with g government of Singapore
(BSE A-Group)
E
Inve
estment Cor for a pote
rp ential deal.
Previous Currennt Change
Com
mpany Name
e • India’s largest real estate company, DLF Ltd, may
e ,
Close(`
`) Price(`
`) (%)
God
drej Inds 229.95
5 222.70
0 -3.15 oad its s
offlo stake in the Nagpu ur Informa
ation
Sesa Goa
a 182.50
0 177.00
0 -3.01 Techhnology Sppecial Econoomic Zone (IT SEZ) aafter
Tata Comm
a 209.40
0 203.70
0 -2.72
September, in the secon round of raising fu
nd o unds
from non-core a
m asset sales to cut debt.
.
Apollo Tyres 78.15
5 76.10
0 -2.62
Hexaware Tech 121.85
5 118.85
5 -2.46 • Bare two weeks after signing an agreement with
ely a
the Gujarat governme ent for setting up a
s p
(BSE Mid-Cap)
E mannufacturing facility at Hansalpur near Mehs sana,
Previous Currennt Change Maruti Suzuki India has s sought for more land f
m from
Com
mpany Name
e
Close(`
`) Price(`
`) (%) the state goverrnment for pphase two of the project. It
o
Shre Global Trd
ee d 88.75 84.45 -4.85 has been allot tted 700 a acres of land at the site
Prism Cement
m 50.70 48.60 -4.14 loca
ated around 100 kilometers
s (km) from
f
Edelweiss Capita
al 35.25 34.10 -3.26 Ahmmedabad.
God
drej Inds 229.95 222.70 -3.15
• Hind
dustan Petr
roleum Cor briefly st
rp topped jet fuel
CHO
OLAFIN 171.40 166.05 -3.12 supp
plies to KKingfisher Airlines ov ver delays in
s
payments but resumed s supplies sh
hortly after the
bele
eaguered airline made payments.
• The government has allo ocated 116 mines to Coal
India for expa ansion to help it booost produc
ction
capaacity amid the PSU f firm drawin flak for coal
ng
shorrtages acros the country.
ss
US markets
U.S. st
tock rose o
overnight, a
after upbeat housing d
t data,
and th Federal R
he Reserve considered fu
urther move to
es
stimula the econ
ate nomy.
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 20
0-Jun 21
1-Jun 22-Jun
2 25-Jun
Ind
dia Forex Re
eserves Dat
ta
Bank Loa Growth
an
US Fed press Continuin & Initial
ng American Petroleumm New Ho
ome sales
conference & FOMC jobless cl
laims Institute Monthly
e
minutes Report
Interest ra
ate Purchasin Manager
ng r
decision Index Manufacturing
g
(Jun)
Housing P
Price Index
(Apr)
Glo
obal Germany producer Europe-purchasing Euro Zon EcoFin
ne German Consume
ny er
ex
price inde managers index Meeting & EU Confide
ence
(Manufaccturing & Leaders special
Services)
) summit
Bank of en
ngland UK Retail Sales (YoY) China CB Leading
B German Retail
ny
minutes & UK Economic Index Sales
unemployyment rate (May)
Japan's all industry
l Germany IFO -
y UK Housing prices
activity index Business Climate
s
(Jun); IFO - Current
O
Assessm ment (Jun) &
IFO - Ex xpectations
(Jun)
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NOTE CAPITTALS LTD.
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m
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eport is purely for informa ation purpose and is bassed on public information News cont
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
make an offer, to bbuy or sell the securities m
mentioned he erein. We or any of our directors, offic
cers or emplo
oyees shall not in any
way be responsible for any loss arising from the use of this report. Investors are advised to apply their own judgmen before
e e s m e o nt
acting on the conteents of this re
eport. The rep
port has not been edited due to time c
d constraints.