1.
India Morning Note
a g
Mond
day, June 25, 2012
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 21 Jun 22 Change (%)
) • India markets snapped th
an hree-day winning strea and
ak
close
ed on neg gative note on Friday as Reliance
Sensex 17,032.56 16,972.51 -0.35%
Indu
ustries continued to ree over worr
el ries about o
output
CNX Nifty
X 5,165.00 5,146.05 -0.37%
from its KG-D6 block, whi cement makers dro
m ile opped
BSE Mid-cap 6,002.48 6,010.21 0.13% after receiving a record fine from a compe
r g m etition
BSE IT 5,677.50 5,663.69 -0.24% regu
ulator on price fixing charges. The falls came on a
e e
BSE Banks 11,562.75 11,561.05 -0.01% day when risk assets we ere hit by growing w worries
FII A
Activity (`Cr) abou the global econom and Moody's Inve
ut my estors
Serv
vice downgrade of so ome of the world's major
Date
e Buy Sell Net bank The rup
ks. pee fell to a record lo for a se
ow econd
21-Jun 1,525 1,764 -239 conssecutive session,
s p
past the psycholog
gically
20-Jun 1,972 1,720 252 impoortant 57 to a d dollar mark, once again
Tota Jun
al 28,276 27,872 404 undeerscoring India's we eak fiscal health slowing
2012 YTD 311,310 268,967 42342 econnomy.
• Cemment stock ks dropped after the Compe
d etition
MF A
Activity (`Cr)
Commmission of India on Thursday lev vied a pena alty of
Date
e Buy Sell Net over `6,000Cr on 11 cement com
r mpanies du ue to
21-Jun 439 459 -21 viola
ation of the provision of the Competition Act,
ns C n
20-Jun 536 348 188 2002 which de
2, eals with anti-competiitive agreem
ments
Tota Jun
al 6,467 5,928 539 inclu
uding cartels. Telecom stocks fell across the board
2012 YTD 60,331 66,259 -5928
as the much-awaited m
t meeting of the high-p power
ministerial pane on auctio of telecom spectru
el on um on
Volu
ume & Adva
ances / Dec
clines Thur rsday was reported
s dly deferrred indefin nitely.
NSE BSE Howwever, the s slump in gloobal crude prices sparrked a
Trad
ding Volume (Cr) 63.64 20.49 rally in oil stock such as O
y ks ONGC.
Turn
nover (`Cr) 10,048 2,087 • Markket breadth was marg
h ginally wea at ~0.98x as
ak
Advances 681 1,363 investors sold l
large cap s
stocks. On provisional basis,
p
both FIIs and do
h omestic ins
stitutions so equities worth
old
Declines 778 1,392
`1.74bn and `0.02bn, respeectively in cash segment.
c
Unchanged 84 129
• Asian markets are trading mix this morning. Nik
m kkei is
Tota
al 1,543 2,884
trading lower as defensive stocks are helping to offset
s
Glob Markets
bal glob jitters as euro zone policymak
bal s e kers appeared no
Inde
ex Late Values
est Change (%)
) close to resolving the regi
er ion's debt crisis heading into
DJIA
A 12,640.78 0.53% anotther European summit this week.
NAS
SDAQ 2,892.42 1.17% • India markets are expect
an ted to open lower as Asian
n
Nikk *
kei 8,785.10 -0.15%
markets are mostly tradin lower. However, Finance
ng H
ation that In
minister’s indica ndia will unveil measur
res on
Hang Seng * 19,000.26 0.03%
Monday to arrest the slide of its curre ency may se the
et
* as o 8.25AM IST
of market’s directiion.
Curr
rencies / Co
ommodities Snapshot
s Econom and Cor
mic rporate Dev
velopments
s
Latest Previous • With merchand
h dise deman slowing down in g
nd global
Quote Close
markets, the C Commerce Ministry is drawing a new
Indian Rupee per $ 57.12 56.28
strattegy for ach
hieving expoorts of $500
0bn by the eend of
Indian Rupee per € 71.60 71.71 2013 3-14. As pe senior Co
er ommerce Ministry offic
M cial, it
NYM
MEX Crude Oil($/bbl) 79.90 79.76 will take around a month to prepare the action plan.
Gold ($/oz)
d 1,572.70 1,566.10 The focus will be on red ducing trannsaction cossts of
Silve ($/oz)
er 26.68 26.66 expoorters, ensuuring they do not face non-tariff ba
n arriers
in th importing countries.
he g
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note Capitals Research
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als h
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Suzlon Group, which con ntrols wind-turbine maker
Previous Currennt Change lon Energy, said that it will sell stake in its C
Suzl t China
Com
mpany Name
e
Close(`
`) Price(`
`) (%) mannufacturing unit to C China Powe New Energy
er
Shre Cement
ee 2712.45
5 2924.55 7.82 Dev
velopment C Ltd for `3
Co 340Cr.
Man
nappuram Fin
n 23.05
5 24.60 6.72
• The Calcutta High Court on Friday nul
n llified a law that
India Hotels
an 56.40
0 59.80 6.03 forced Tata Mo
otors to forfe Singur la
eit and acquired by
Fina
ancial Tech 669.60
0 699.10 4.41 the company t build a f
to factory, in a decision that
Relia
ance Power 99.10
0 102.45 3.38 could pave the way for the automaker to rec
e coup
(BSE Mid-Cap)
E som of its $31
me 10mn invest tment in the developme
e ent.
• Stat
te-run CIL h
has hiked th prices by an averag of
he y ge
Previous Currennt Change
Com
mpany Name
e 10-1
15% for no on-coking ccoal mined from seleected
Close(`
`) Price(`
`) (%)
INDI
IAB POWER 12.46 13.70 9.95 bloc in Weste Coalfield
cks ern ds.
Shre Cement
ee 2712.45 2924.55 7.82 • Elec
ctrical goods maker Ha avells India will invest u to
w up
India Infoline
a 59.45 63.65 7.06 `5000Cr over the next three yea ars on var rious
Man
nappuram Fin
n 23.05 24.60 6.72 vities as it looks to ac
activ chieve over 50% growt in th
India Hotels
an 56.40 59.80 6.03 overall turnove to touch `
er `10,000Cr.
• Essa Oil had filed petition seeking sta governm
ar n ate ment
TOP LOSERS to allow repaym ment in instaalments and waive inte
d erest
(BSE A-Group)
E elation to its sales tax d
in re s deferment liability.
Previous Currennt Change • EID Parry has initiated dialogue with banks to
s s
Com
mpany Name
e
Close(`
`) Price(`
`) (%) rest
tructure loan to the tun of around `200Cr, w
n ne d which
Jaipr
rakash Asso 74.55
5 71.30
0 -4.36 the company has taken for its refinery projec in
ct
JUBL FOOD
L 1182.70
0 1136.00
0 -3.95 Andhra Pradesh h.
Hind
dalco Inds 121.30
0 117.25
5 -3.34 US markets
ACC
C 1256.00
0 1214.50
0 -3.30
U.S. stocks finishhed higher on Friday as inves
r y, stors
Torr
rent Power 182.60
0 177.15
5 -2.98
cheere news tha the Euro
ed at opean Central Bank w would
(BSE Mid-Cap)
E urther steps to ease loa collateral for banks. The
take fu s an
Dow Joones industrial average was up 67.21 points or
e 6 s,
Previous Currennt Change
Com
mpany Name
e 0.53%, at 12,640.
, .80. The Staandard & Poor's 500 In
ndex
Close(`
`) Price(`
`) (%)
Mad
dras Cements
s 156.05 149.70 -4.07 was up 9.51 point or 0.72% at 1,335.02. The Nas
p ts, %, sdaq
JUBL FOOD
L 1182.70 1136.00 -3.95 Compo osite Index was up 33 3.33 points or 1.17% at
s, %,
Vijay Bank
ya 59.55 57.55 -3.36 2,892.443.
Mon
nnet Ispat Ene
e 362.00 352.25 -2.69
Jai C
Corp 57.15 55.70 -2.54
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 25-Jun 26
6-Jun 27-Jun
2 28-Jun
Ind
dia Money S
Supply
US New Home sales
e S&P/Case
e-Shiller Durable Goods orde
er Gross Domestic
D
Home Price Indices Product Annualized
t d
(YoY) (Q1)
Consumeer Initial Jo
obless Claim
ms
Confidence (Jun 23) )
Glo
obal Germany Consumer UK's Publ Sector
lic Germany CPI Data
y EUROPEEAN COUNC
CIL
ce
Confidenc Net Borro
owing MEETIN
NG
Germany Retail Japan's UK CUR
RRENT
Sales manufac cturingPMI & ACCOUNT (Q1)
retail tra
ade data
UK Housin prices
ng UK Gros Domestic
ss c
Product (YoY)
t
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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
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