1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Wednesday, March 14, 2012
Domestic Markets Snapshot Views on markets today
Name of Index Mar 12 Mar 13 Change (%) • Indian markets edged higher for the third straight
Sensex 17,587.67 17,813.62 1.28% trading session yesterday to attain their highest
CNX Nifty 5,359.55 5,429.50 1.31% closing level in 2-1/2 weeks as firm global stocks
BSE Mid-cap 6,397.06 6,474.44 1.21% boosted sentiment. World stocks rose on optimism of a
BSE IT 6,067.27 6,116.46 0.81% Greece bailout. Investors are waiting to take direction
from packed economic events this week. All sectoral
BSE Banks 12,233.86 12,303.31 0.57%
indices closed on positive note with metal, oil & gas,
FII Activity (`Cr) real estate and power stocks were major gainers.
Date Buy Sell Net Interest sensitive stocks such as real estate, power
12-Mar 4,408 3,021 1387 and capital goods stocks rose sharply today, as CRR
9-Mar 4,064 2,709 1355 cut last week improved the sentiments of investors.
Total Mar 20,155 16,806 3350 Software pivotals were mixed ahead of the US Federal
Reserve policy meeting later yesterday. IT major
2012 YTD 161,085 119,244 41842
Wipro edged lower after the Azim Premji Thrust, the
MF Activity (`Cr) promoters of Wipro, said it will sell up to 3.5Cr shares
Date Buy Sell Net of Wipro via an offer for sale mechanism prescribed by
7-Mar 472 657 -185 SEBI. Essar Oil rose 2.34% after the company
6-Mar 554 525 29 announced that the successful commissioning of a
Total Mar 2,304 2,946 -643 Diesel Hydrotreater Unit I (DHDT-I) at its Vadinar
Refinery. With the phase wise commissioning of three
2012 YTD 27,666 32,337 -4672
additional units slated for the end of this month, the
Volume & Advances / Declines refinery is now firmly on track to complete the Phase I
NSE BSE expansion by March 2012, which entails the addition
Trading Volume (Cr) 80.81 32.24 of nine new units that will expand capacity to 18
Turnover (`Cr) 12,675 2,926 million metric tonnes per annum (MMTPA) (375,000
Advances 974 1,712
barrels per day) and enhance complexity to 11.8 (from
6.1 currently). Biocon tumbled 6.31% after the
Declines 509 1,215
company and Pfizer announced termination of their
Unchanged 71 129
alliance to commercialize Biocon's biosimilar versions
Total 1,554 3,056
of insulin and insulin analog products.
Global Markets
• Market breadth was strong at ~1.41x as investors
Index Latest Values Change (%) bought large cap stocks. On provisional basis, FIIs
DJIA 13,177.68 1.68% bought equity of `8.72bn while domestic institutions
NASDAQ 3,039.88 1.88% sold equity of `4.33bn in cash segment.
Nikkei * 10,099.97 2.03% • Asian markets opened positive today as US markets
Hang Seng * 21,594.53 1.19% provided major boost overnight.
* as of 8.25AM IST
• We expect a strong opening for the Indian markets
Currencies / Commodities Snapshot tracking cues from Asian markets. However, session
Latest Previous would remain volatile ahead of monthly inflation data
Quote Close and railway budget.
Indian Rupee per $ 49.90 49.82
Economic and Corporate Developments
Indian Rupee per € 65.20 65.18
NYMEX Crude Oil($/bbl) 106.65 106.71 • The Cellular Operators Association of India (COAI) has
Gold ($/oz) 1,676.10 1,694.20
moved the Supreme Court challenging the sectoral
tribunal TDSAT's verdict upholding the Centre's
Silver ($/oz) 33.37 33.56
decision to allocate GSM spectrum to CDMA operators.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • Bajaj Hindusthan announced a decision to
Previous Current Change amalgamate its two subsidiary companies- Bajaj
Company Name
Close(`) Price(`) (%) Ecotec and Bajaj Aviation- into itself to economise
Manapp Gen Fin 39.05 44.40 13.70 administrative costs, achieve better administration,
United Brew 540.05 611.55 13.24 operations and management by consolidation.
GMR Infra 29.30 32.95 12.46 • NMDC is set to buy Wonarah rock phosphate
Godrej Inds 240.30 263.90 9.82 reserves of Minemakers Ltd for $15mn.
Lanco Infra 20.55 22.30 8.52
• Biocon suffered a severe jolt on Tuesday, as its
(BSE Mid-Cap) $350mn pact with global pharmaceutical major
Pfizer was called off, hardly 18 months after the deal
Previous Current Change
Company Name was signed.
Close(`) Price(`) (%)
Bombay Dyeing 462.75 530.10 14.55 • The Company Law Board asked real estate company
Manapp Gen Fin 39.05 44.40 13.70 Unitech to decide by Monday if it wanted to buy its
Godrej Inds 240.30 263.90 9.82 joint venture partner Telenor’s 67% stake in telecom
Lanco Infra 20.55 22.30 8.52 company Uninor or sell its 33% stake to the
Jet Air India 292.50 314.85 7.64 Norwegian firm.
• Civil Aviation Minister Ajit Singh unveiled the GMR
TOP LOSERS group’s maintenance repair and overhaul unit (MRO)
(BSE A-Group) at Hyderabad, boosting the aspirations for the city as
an aviation hub.
Previous Current Change
Company Name
Close(`) Price(`) (%) US markets
Biocon 267.70 250.80 -6.31
US stocks leapt Tuesday, with the Nasdaq Composite
Shree Cement 2911.30 2850.00 -2.11 finishing above 3,000 for the first time in 11 years,
Bharat Forge 326.90 320.40 -1.99 after J.P. Morgan Chase & Co. hiked its dividend, retail
Financial Tech 782.75 770.95 -1.51 sales climbed and the Federal Reserve held rates at
Wipro 437.15 431.50 -1.29 record lows.
(BSE Mid-Cap) The Dow Jones Industrial Average rose 217.97 points, or
1.7%, at 13,177.68. The S&P 500 Index added 24.87
Previous Current Change
Company Name points, or 1.8%, to 1,395.96. The Nasdaq Composite
Close(`) Price(`) (%)
Biocon 267.70 250.80 -6.31 COMP +1.88% climbed 56.22 points, or 1.9%, to
HATHWAY CAB 179.55 173.25 -3.51 3,039.88.
Kwality Dairy 39.70 38.65 -2.64
Shree Global Trd 116.90 114.00 -2.48
Sunteck Realty 376.00 368.00 -2.13
Keynote Capitals Institutional Research (research@keynotecapitals.net) (+9122-30266000)

3. K E Y N O T E
INSTIT UT IONAL R ES EAR C H
India and Global Economic Calendar
Countries / Wednesday Thursday Friday Monday
Regions 14/Mar 15/Mar 16/Mar 19/Mar
India Monthly Inflation RBI policy Forex Reserves Data
Railway Budget Weekly Supplement
of RBI
General Budget
US Current Account Producer price Index Consumer Price Index NAHB Housing Market
Ex Food & Energy Index
(YoY & MoM)
Import Price Index Continuing Jobless Consumer Price Index
claims (YoY & MoM)
Industrial Production
(MoM) & Capacity
Utilization
Reuters/ Michigan
Consumer Sentiment
Index
Global Japan Industrial ECB Monthly report Japan Leading
Production Economic Index
Eurozone Industrial Japan Coincident
Production Index
Eurozone Consumer Euro Zone Trade
Price index Balance n.s.a
Euro Zone Trade
Balance s.a
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