1.
India Morning Note
a g
Frida June 08, 2012
ay,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 6 Jun 7 Change (%)
) • India markets rose for a fourth con
an nsecutive se
ession
yestterday to it highest c
ts close since May 7, ridding a
Sensex 16,454.30 16,649.05 1.18%
globbal rally oon continueed expecta ations mon netary
CNX Nifty
X 4,997.10 5,049.65 1.05%
stimulus at hom and abro
me oad would spark a reccovery
BSE Mid-cap 5,932.30 5,975.23 0.72% in risk assets. Prime Min nister Manmmohan Sing on
gh
BSE IT 5,638.81 5,659.37 0.36% Wed dnesday announced
a a big push to the
BSE Banks 11,218.78 11,455.49 2.11% infra
astructure sector to revive sagging economic
FII A
Activity (`Cr) growwth, also boost the mar
rket sentime
ents.
• The BSE Sensex rose 194.75 poin nts or 1.18
8% to
Date
e Buy Sell Net
16,6
649.05, its h
highest clos
sing level since 7 May 2012.
06-Jun 3,329 3,160 169 The index jump ped 226.29 points at the day's high of
t
05-Jun 1,237 1,866 -629 16,6
680.59 in lat trade.
te
Tota Jun
al 7,888 9,061 -1173 • Interrest rate se
ensitive banking, auto and realty s
a stocks
2012 YTD 290,922 250,156 40765 exteended recen gains trig
nt ggered by hopes the RBI will
MF A
Activity (`Cr) cut interest ra ates at mi id-quarter monetary policy
revie on 18 Ju
ew une 2012 to prop up slowing eco
o s onomy
Date
e Buy Sell Net after data rele
r eased by t the government last week
06-Jun 831 361 470 showwed India's economy grew 5.3% in Q4 March 2012,
n
05-Jun 650 359 291 its slowest pace of expansion in nearly a decade.
e y
Tota Jun
al 2,223 1,405 818 • Data on industr
a rial producti
ion for April 2012 due on 12
l
2012 YTD 56,087 61,736 -5649 June 2012 and inflation for May 2012 due on 14 June
e 2 4
2012 could pro
2 ovide cues on the central bank's likely
Volu
ume & Adva
ances / Dec
clines
polic stance a mid-quar
cy at rter moneta ary policy r
review
NSE BSE on 18 June 2012
1 2.
Trad
ding Volume (Cr) 65.15 20.44 • Markket breadth was strong at ~1.3
h 30x as inve estors
Turn
nover (`Cr) 10,686 2,177 bougght large c cap stocks. On provis
sional basis FIIs
s,
Advances 848 1,527 bougght equity of `6.75bn while dommestic institu
utions
Declines 589 1,172 sold equity of `0
0.34bn in ca segmen
ash nt.
Unchanged 101 125 • Asian shares drropped toda on profit taking an the
ay, nd
unexxpected cut in the inter
t rest rates by China whi the
y ile
Tota
al 1,538 2,824
U.S. remained silent about the prosp pect of adding to
Glob Markets
bal its monetary sti
m imulus.
Inde
ex Late Values
est Change (%)
) • We expect Indi ian markets to decline in the op
s e pening
DJIA
A 12,460.96 0.37% trades, followin the cues from the Asian ma
ng e arkets.
NAS
SDAQ 2,831.02 -0.48% Howwever, rising perception that the interest rate will
g n es
Nikk *
kei 8,470.35 -1.96%
be cut in the next mon
c netary polic meeting and
cy g
rupe
ee's apprec ciation will give some support t the
e to
Hang Seng * 18,577.15 -0.54%
stocks.
* as o 8.25AM IST
of
Econom and Cor
mic rporate Dev
velopments
s
Curr
rencies / Co
ommodities Snapshot
s • India refiners cut imports from Iran by 38% in May
an s n n
Latest Previous from a year ag tanker d
m go, discharge da showed in a
ata d,
Quote Close seco
ond month of steep reductions as they s switch
Indian Rupee per $ 54.95 55.36 supppliers to cushion the impact of new US sanctions
Indian Rupee per € 69.04 69.63 on Tehran.
T
NYM
MEX Crude Oil($/bbl) 83.16 84.82 • Rain were 36% below ave
ns % erage in the week to Ju
e une 6,
Gold ($/oz)
d 1,569.00 1,586.60 the weather of ffice said o Thursday, reflecting the
on
Silve ($/oz)
er 28.23 28.53 delay in the arrival of the seasonal rains over K
e r Kerala
from the usual J
m June 1 start date.
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 • ICIC Bank and Yes Bank to
CI oday signed a collabora
d ative
Previous Currennt Change deal with the Export -I
e Import Ban of Mala
nk aysia
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Berhhad (Exim B
Bank) to enhance trade especially for
e, y
Relia
ance Cap 314.55
5 337.10 7.17 palm oil, betwe
m een the two countries.
TTK Prestige 2771.15
5 2953.90 6.59
• Baja Auto launched the Pulsar 200NS for the
aj e 2
Zee Entert 130.40
0 136.90 4.98 Mahharashtra market priced at `84,096/- ex-
Glen
nmark Pharm
m 359.30
0 375.15 4.41 show
wroom, Pu une after having showcased it in
Volt
tas 99.00
0 103.00 4.04 Janu
uary this yea at the Au Show.
ar uto
(BSE Mid-Cap)
E • JSW Steel expe ects to normalize stee productio at
el on
its 10 million tonne pe annum steel plant at
er
Previous Currennt Change
Com
mpany Name
e Toraanagal in B
Bellary distr
rict within the next tw to
t wo
Close(`
`) Price(`
`) (%)
Himadri Chem 28.00 31.00 10.71 thre months, once the regular ir
ee ron ore mining
Delt Corp
ta 61.35 67.20 9.54 resu
umes in Karnataka.
Rallis India 124.05 135.30 9.07 • Stat Bank of India has reduced short-term r
te retail
Baja Hind
aj 25.95 28.10 8.29 term deposit rates by 2 basis points (bps), as
m 25
Pola
aris Fin Tec 107.50 116.05 7.95 liquidity in the system has improved.
US markets
TOP LOSERS
US stoc mostly declined aft a gap up opening, a
cks ter p after
(BSE A-Group)
E Federa Reserve Chairman Ben Bernanke says the
al
Previous Currennt Change central bank woul review th economy before ma
l ld he y aking
Com
mpany Name
e
Close(`
`) Price(`
`) (%) a decis
sion on furth stimulus
her s.
Strid Arco
des 736.85
5 712.20
0 -3.35
Tata Comm
a 225.85
5 220.10
0 -2.55
IRB Infra 122.20
0 119.75
5 -2.00
Wipro 408.50
0 400.70
0 -1.91
HPC
CL 301.10
0 295.40
0 -1.89
(BSE Mid-Cap)
E
Previous Currennt Change
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
S Mo
obility 49.90 47.55 -4.71
Mind
dtree 634.70 608.00 -4.21
FAG Bearings
G 1525.00 1465.00 -3.93
Shre Global Trd
ee d 86.60 83.60 -3.46
Strid Arco
des 736.85 712.20 -3.35
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Fri
iday Mo
onday Tu
uesday We
ednesday
Reg
gions 8-
-Jun 11
1-Jun 12-Jun
1 13-Jun
Ind
dia Forex Reserves Data Index of Industrial
Production (IIP) for
April 201
12
Bank Loan Growth
n
US Trade Bala
ance Monthly budget Retail Sales
S
statement
Wholesalee Busines Inventorie
ss es
Inventorie
es(Apr)
Glo
obal Japan Eco Watchers Germany Wholesale
y UK indus
strial German CPI Data
ny
Survey (Current & Price Inde
ex production
Outlook)
UK Produc Price
cer Japan Corporate UK Trade balance
e
Index - Inp (YoY &
put goods pri index
ice
MoM)n.s.a a
UK Produc Price
cer UK Housing price
Index - Ou
utput (YoY balance
& MoM)n.ss.a
KEYN
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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.