1.
India Morning Note
a g
Mond
day, June 04 2012
4,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me May 31 Jun 01 Change (%)
) • India markets closed ~1.
an .6% down on Friday to post
o o
Sensex 16,218.53 15,965.16 -1.56% its biggest fall s
b since May 1 as the market sentim
16 ments
were hit by rising worr
e ries about India's slowing
CNX Nifty
X 4,924.25 4,841.60 -1.68%
econnomy at a t time of wor
rsening glob risk ave
bal ersion.
BSE Mid-cap 5,907.95 5,821.63 -1.46%
The market fall on Friday trracked weaker global s
shares
BSE IT 5,666.08 5,552.27 -2.01% after surveys s
r showed Chiinese factory output bbarely
BSE Banks 10,884.53 10,684.62 -1.84% growwing and powerful European manufacturing
FII A
Activity (`Cr) counntries falling deeper into malaise. Re
m eports
indic
cating that monsoon rains over India's mai inland
Date
e Buy Sell Net
will be delayed by about four days also weighe on
d ed
31-M
May 6,325 6,960 -635 senttiment.
30-M
May 2,197 2,112 86
• The BSE Sense fell below the psyc
ex w chological 1
16,000
Tota May
al 46,655 48,178 -1524 mark. The Sens sex was dow 253.37 points or 1
wn 1.56%,
2012 YTD 283,033 241,096 41939 off close to 26 points fr
c 60 rom the da ay's high an up
nd
MF A
Activity (`Cr) abou 30 points from the day's low. The Sensex shed
ut s T x
1,10
00.28 points or 6.35% in May 2012 on India’s
%
Date
e Buy Sell Net
econnomic health and euro-
-zone debt worries.
w
31-M
May 400 857 -457
• Auto companies fell after posting lacklustre sales in
o
30-M
May 208 476 -268
May, as an exc cise tax hik and risin fuel prices hit
ke ng
Tota May
al 8,321 8,877 -558
mand. Howev
dem ver, gas util
lity Indrapra
astha Gas surged
2012 YTD 53,315 59,972 -6658 28.9
9% on TV reports tha a New Delhi court had
at
Volu
ume & Adva
ances / Dec
clines reve
ersed a reg gulator's ord
der asking IGL to tariffs in
India capital.
a's
NSE BSE
Trad
ding Volume (Cr) 54.83 20.29 • Mark breadth was weak at ~0.46x as investors sold
ket
large cap stock On provisional basis FIIs sold e
e ks. s, equity
Turn
nover (`Cr) 8,947 1,874
of `2
2.20bn while domestic institutions bought equ
e uity of
Advances 376 850
`2.05bn in cash segment.
h
Declines 1,092 1,830
• Asian markets dropped sharply toda after we
ay eaker-
Unchanged 72 118
n-expected U.S. jobs data, add
than ding to on
ngoing
Tota
al 1,540 2,798 worrries about g
global grow
wth, includin the drag from
ng g
Glob Markets
bal Euro
ope’s debt c
crisis.
Inde
ex Late Values
est Change (%)
) • We expect a gap down ope
e ening for the Indian ma
e arkets,
DJIA
A 12,118.57 -2.22% following the wweak cues f from the global econo omies.
Cons sidering the weakenin domesti economy and
ng ic y
NAS
SDAQ 2,747.48 -2.82%
shar loss in c
rp currency str
rength, the markets have a
Nikk *
kei 8,271.07 -2.00%
very little support downw
y wards. Lack of any major
Hang Seng * 18,138.08 -2.26% econnomic events, weaknes in the auto sales g
ss growth
* as o 8.25AM IST
of and consistently rising inflation would certainly make
d
Curr
rencies / Co
ommodities Snapshot
s matt ters worse.
Latest Previous Econom and Cor
mic rporate Dev
velopments
s
Quote Close • Petro price was cut by `2.02 per litre, a p
ol r partial
Indian Rupee per $ 55.51 56.08 rollb
back of the `7.54 a litre increas effected more
se
Indian Rupee per € 69.02 69.32 than a week ago.
n
NYM
MEX Crude Oil($/bbl) 82.30 83.23 • The country's e exports rose 3.23% y-o to $24.5
e o-y 5bn in
Gold ($/oz)
d 1,620.00 1,620.50 April, while impports grew 3.83% on year to $37
y 7.9bn.
Silve ($/oz)
er 28.31 28.50 April's trade def
ficit was $13.5bn, while oil imports rose
e s
6.96 on year t $13.9bn.
6% to
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note Capitals Research
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Reliance Industtries agreed to sign ag
d greements with
Previous Currennt Change gati Power Corp and N
Prag NTPC for su
upply of nat
tural
Com
mpany Name
e
Close(`
`) Price(`
`) (%) gas from its eas
stern offsho KG-D6 fields.
ore
Indr
raprastha Gas
s 193.75
5 249.35 28.70
• Bharati Shipyard has agreeed to infus `118Cr f
se fresh
Neyveli Lignite 74.25
5 85.25 14.81
capital into the debt- -laden commpany, as a s
Guja
arat Gas 291.00
0 333.55 14.62 prec
condition fo its `5,800 debt res
or 0Cr structuring p
plan,
Guja
arat State Pet
t 63.40
0 70.50 11.20 sour
rces said.
Petr
ronet LNG 127.90
0 139.40 8.99
• Jindal Stainless approached lenders to resche
s edule
(BSE Mid-Cap)
E repaayments of its over `9,0
000Cr debt.
.
Previous Currennt Change • NMDDC, which is setting up a 3 MTPA steel plan in
A nt
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Chhattisgarh, h
hopes to sta producin coal from its
art ng m
Indr
raprastha Gas
s 193.75 249.35 28.70 capt
tive mine by 2014 4, coinciding with the
Guja
arat Gas 291.00 333.55 14.62 com
mmissioning of facility fo the alloy.
or
Guja
arat State Pet
t 63.40 70.50 11.20
• Maruti Suzuki will invest `4,000Cr to set up a new
o
Amt
tek Auto-$ 100.15 106.75 6.59 mannufacturing facility in Gujarat, raising its total
r
Info Edge India 714.80 739.00 3.39 capa
acity to two million units by 2015-16.
o
• Pow
werGrid Corp poration has firmed up plans to sp
s pend
TOP LOSERS
`10,,000Cr in the next thr ree financia years on the
al
(BSE A-Group)
E sett
ting up of in ransmission lines. For this,
ntra-state tr n
Previous Currennt Change Pow
wrGrid has initiated t talks with Bihar, Odi isha.
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Jhar
rkhand, Chhattisgarh, Manipur, Uttar Prad desh,
Adani Enter 261.30
0 239.90
0 -8.19 Maddhya Prades Tamil Na
sh, adu and Karnataka.
Pant
taloon Retl 150.60
0 138.85
5 -7.80 US markets
JSW ENERGY 45.00
0 42.05
5 -6.56
US markets fell mmore than 2% Friday, turning the Dow
Asia Paints
an 4034.65
5 3777.15
5 -6.38
rials negativ for the y
Industr ve year and pushing the S&P
Apollo Tyres 86.50
0 81.20
0 -6.13
500 into correc ction territtory, after weaker-t
r than-
(BSE Mid-Cap)
E expectted U.S. jobs report in M
s May.
Previous Currennt Change The Do Jones Ind
ow dustrial Ave
erage fell 2774.88 points, or
Com
mpany Name
e
Close(`
`) Price(`
`) (%) 2.2%, to 12,118.5 The S&P 500 Index dropped 32.29
t 57. P x
Fres
senius Kabi 108.10 89.60 -17.11 points, or 2.5%, to 1,278.04 The Nas
4. sdaq Compo osite
Pant
taloon Retl 150.60 138.85 -7.80 Index declined 79.86 points, o 2.8%, to 2,747.48.
d or
Arvind 77.40 71.70 -7.36
INDI
IAB POWER 12.97 12.07 -6.94
Apollo Tyres 86.50 81.20 -6.13
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 4-
-Jun 5-Jun
5 6-Jun 7-Jun
Ind
dia
US Factory Orders ISM Non-Mfg Index Consum Credit
mer
Change
e
ICSC-Gold
dman Store Fed's Bernanke
Sales s
testifies
Glo
obal UK House prices Germanyy's Euro zon ECB
ne UK's Purchasing
data Purchasin Manager
ng r interest rate Manage Index
er
Index Ser
rvices decision & press Services
conferennce
Germany IIP
y UK's Bo Interest
oE
Rate De
ecision
Japan's Leading
Econom Index
mic
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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
make an offer, to bbuy or sell the securities m
mentioned he erein. We or any of our directors, offic
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