1.
India Morning Note
a g
Wednesday, Jun 06, 2012
ne 2
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 4 Jun 5 Change (%)
) • India shares e
an edged highe for a sec
er cond conseccutive
Sensex 15,988.40 16,020.64 0.20% sess
sion on Tuesday as continued hop pes for rate cuts
e
CNX Nifty
X 4,848.15 4,863.30 0.31% boossted banks, while infr rastructure shares such as
BSE Mid-cap 5,809.23 5,828.46 0.33% Larsen & Toub bro rose on optimism for a reviv
n val in
BSE IT 5,536.35 5,556.62 0.37% stalled projects Data sho
s. owing that India's services
BSE Banks 10,802.52 10,891.31 0.82% sector rising at its fastest p
pace in thre months d
ee during
May also supported the ma arket sentim
ments.
FII A
Activity (`Cr)
• BSE Sensex maanaged to e end above the psychological
t
Date
e Buy Sell Net
16,0
000 mark affter falling below that mark for a brief
04-Jun 1,496 2,071 -574
perio in mid-a
od afternoon tr rade. The BSE Sensex rose
B x
01-Jun 1,826 1,964 -138
32.2 points or 0.20%, off close to 118 points from the
24 8
Tota Jun
al 3,322 4,035 -713 day's high and up close t 41 points from the day's
to s
2012 YTD 286,355 245,131 41226 low.
MF A
Activity (`Cr) • Telecom stocks fell acros the boar ahead o the
s ss rd of
Date
e Buy Sell Net mee of an em
et mpowered group of ministers (E
m EGoM)
04-Jun 518 431 87 headded by Finnance Minister Pranab Mukherje to
ee
01-Jun 247 282 -35 decide on the b
base price fo the much
or h-awaited au
uction
Tota Jun
al 765 713 52 of te
elecom spec
ctrum.
2012 YTD 54,079 60,685 -6606 • Infra
astructure sstocks gain
ned on newspaper reeports
Volu
ume & Adva
ances / Dec
clines India Prime Minister Man
a's nmohan Sing had calle for
gh ed
a meeting of various governme
m ent officials on
NSE BSE
Wed dnesday to discuss ways to kickstart s
o stalled
Trad
ding Volume (Cr) 49.86 16.12
infra
astructure projects.
Turn
nover (`Cr) 8,587 1,820
Advances 784 1,406
• Tata Motors fell 3.15% on reports the finance mi
a e inistry
is no looking to raise ex
ow xcise duty on vehicles using
o
Declines 657 1,291
the subsidized diesel fuel to discoura age consum
mption
Unchanged 89 131
of th fuel and b
he bolster its ta revenues
ax s.
Tota
al 1,530 2,828
• Mark
ket breadth was strong at ~1.0
h 09x as inve estors
Glob Markets
bal
boug large ca stocks. O provisional basis, FIIs sold
ght ap On
Inde
ex Late Values
est Change (%)
) equity of `6.811bn while d
domestic ins
stitutions b
bought
DJIA
A 12,127.95 0.22% equity of `7.95b in cash segment.
bn
NAS
SDAQ 2,778.11 0.66%
• Asian markets rose today taking cu
y, ues from th US
he
Nikk *
kei 8,492.18 1.31%
markets and a recovery in the crude and comm
n e modity
Hang Seng * 18,404.11 0.79% price
es.
* as o 8.25AM IST
of
• We expect a po ositive open
ning for the Indian ma
e arkets,
Curr
rencies / Co
ommodities Snapshot
s
on rising expec
r ctations tha the RBI will cut interest
at
Latest Previous rates in the nex monetary policy me
s xt y eeting and s
strong
Quote Close
Asian markets.
Indian Rupee per $ 55.54 55.66
Indian Rupee per € 69.15 69.54 Econom and Cor
mic rporate Dev
velopments
s
NYM
MEX Crude Oil($/bbl) 84.81 84.29 • Goveernment an nnounced a slew of measures, inclluding
Gold ($/oz)
d 1,625.00 1,615.20 exte
ension of 2% interest s
% subsidy by one year, as part
o
Silve ($/oz)
er 28.78 28.41 of 7-
-point strate
egy to achie
eve 20% inc
crease in ex
xports
to $3
360bn in the current fis
scal.
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
E omson One A Analytics, Re
euters Knowwledge, Capit IQ, TheMa
tal arkets.com and securitie
a es.com
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E
• Dr Agarwal’s G
A Group of Eye Hospitals, which opeened
Previous Currennt Change its maiden proj
m ject in Odisha at Cutta
ack on Tues
sday,
Com
mpany Name
e
Close(`
`) Price(`
`) (%) plan to set up seven more branches in the s
ns state
JPINFRATEC 42.50
0 45.85 7.88
with an investm
h ment of `20C Cr.
Woc
ckhardt 823.45
5 869.65 5.61
Exid Inds
de 118.00
0 124.15 5.21 • Brita
annia Induustries is embarking on a gl lobal
Orie
ental Bank 219.65
5 229.50 4.48 expansion to shore up its grow
p wth story. The
mpany, whic logged 1
com ch 19% growth in top lin at
h ne
God
drej Cons 549.45
5 572.70 4.23
`5,4
400Cr, der rives aroun nd `250Cr from gl
r lobal
(BSE Mid-Cap)
E operations and is looking a all vectors to expand its
at
Previous Currennt Change pressence overs
seas.
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
• Morgan Stanle ucture Partners, a $
ey Infrastru $4bn
S Mo
obility 41.45 45.55 9.89
glob infrastructure fund, is in early discussions with
bal d
JPINFRATEC 42.50 45.85 7.88
infra
astructure ccompany L Lanco Infrattech to buy its
y
BF U
Utilities 364.60 391.95 7.50
401 km of hig ghway proje ects, in various stage of
es
Redington India 76.95 81.65 6.11 consstruction, w
which are up for sale.
p
Woc
ckhardt 823.45 869.65 5.61
• Elde Pharmace
er euticals launched 'Zalaain', a medicine
TOP LOSERS used to treat fungal sk
d ns, in India in
kin infection
asso
ociation with Spain-bas
h sed drug firm Ferrer.
m
(BSE A-Group)
E
• Suzl
lon Group announced the launch of its new
h west
Previous Currennt Change
Com
mpany Name
e wind turbine — the S111 which is a 2.1 mega watt
d
Close(`
`) Price(`
`) (%)
Mph
hasis 365.45
5 345.75
5 -5.39 (MW machine designed fo low wind speed sites.
W) or
Apollo Tyres 81.45
5 78.15
5 -4.05 US markets
Guja
arat State Pet
t 69.25
5 67.00
0 -3.25
US stoocks rose o overnight, a
after better
r-than-expe
ected
Tata Motors
a 228.75
5 221.55
5 -3.15
data in the service sector.
n es
Unit
tech 21.45
5 20.85
5 -2.80
The Do Jones Ind
ow dustrial Aveerage climbe 26.49 po
ed oints,
(BSE Mid-Cap)
E or 0.2% to 12,12
%, 27.95. The S S&P 500 Ind dex added 7.32
Previous Currennt Change points, or 0.6%, to 1,285.50 The Nas
0. sdaq Compo osite
Com
mpany Name
e
Close(`
`) Price(`
`) (%) 8.10 points, or 0.7%, to 2,778.11.
rose 18 o
Zydus Wellness 418.60 393.25 -6.06
Shre Global Trd
ee d 92.25 87.65 -4.99
VIP Inds 77.65 74.45 -4.12
Apollo Tyres 81.45 78.15 -4.05
Balk
krishna Inds 267.65 258.20 -3.53
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 6-
-Jun 7-Jun
7 8-Jun 11-Jun
Ind
dia Forex Re
eserves Dat
ta
Bank Loa Growth
an
US Consume Credit
er Trade Ba
alance
Change
Fed's Ber rnanke Wholesaale
testifies Inventor
ries
Glo
obal Euro zone ECB
e UK's Purc
chasing Japan Ec Watchers
co s German Wholesal
ny le
interest ra
ate Manager Index Survey (
(Current & Price Index
decision & press Services Outlook)
)
conference
Germany IIP UK's BoE Interest UK Produ ucer Price Japan Corporate
C
Rate Dec
cision Index - Input (YoY & goods price index
p
MoM)n.s s.a
Japan's L
Leading UK Produucer Price UK Housing price
Economic Index
c Index - O
Output (YoYY balance
e
& MoM)n n.s.a
KEYN
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
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cers or emplo
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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