- Indian markets snapped a 1.8% fall on May 16 due to rupee weakness and rising global risk aversion. - Finance Minister Pranab Mukherjee indicated a possible stimulus package in the near future but markets remained weak. - FII activity was negative on May 15 with a net outflow of Rs. 136 crore while MF activity was also negative with a net outflow of Rs. 422 crore for the day.

1.
India Morning Note
a g
Thur
rsday, May 17, 2012
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me May 15 May 16 Change (%)
)
• India shares dropped 1.8% on rupee weaknes and
an e's ss
Sensex 16,328.25 16,030.09 -1.83%
rising global risk aversion.
k
CNX Nifty
X 4,942.80 4,858.25 -1.71%
BSE Mid-cap 5,925.77 5,879.42 -0.78% • The markets wwere weak through-out t-day in sp
pite of
BSE IT 5,590.27 5,512.94 -1.38% Finance Ministe Pranab Mukherjee's indication that
er s n
BSE Banks 10,744.45 10,566.84 -1.65%
stimulus packag was poss
ge sible in the near future.
.
FII A
Activity (`Cr) • Conttinuous wea
akness of th markets can be draw out
he c wn
from the euro zone issu
m ues and Ind dia's burge
eoning
Date
e Buy Sell Net
issue led to a possibility of slower growth and high
es d
15-M
May 1,834 1,970 -136
price
es.
14-M
May 2,101 1,697 404
Tota May
al 21,812 21,497 314 • The investors a
also ignored consistent fall in crude oil
d t
2012 YTD 258,190 214,415 43776 price
es, as ruppee deteriooration weighed dow wn its
effec
cts.
MF A
Activity (`Cr)
Date
e Buy Sell Net • The sentiments were so sour that only Bajaj Auto
s
15-M
May 550 358 192 shar out of 30 Sensex sto
res 0 ocks rose.
14-M
May 362 308 54 • Bank and auto shares led the losses with ICICI Bank
ks o d s
Tota May
al 4,027 4,448 -422 and Tata Moto
ors contribu
uted in terms of indiv vidual
2012 YTD 49,021 55,543 -6522 stocks.
Volu
ume & Adva
ances / Dec
clines • Asian markets are mixed today as Japanese s shares
NSE BSE fallin
ng while CChinese markets are rising. Ja
e apan's
Trad
ding Volume (Cr) 64.69 19.25 betteer-than-exp
pected 4.1% annualized in the Jan
% d nuary-
Turn
nover (`Cr) 10,550 1,847 to-M
March quarte GDP grow could hardly helpe the
er wth h ed
Advances 388 983 stock markets t gain.
to
Declines 1,075 1,733 • We expect a flat opening for the Ind
dian markeets, as
Unchanged 75 115 the cues from the Asian markets are directio
a onless.
Tota
al 1,538 2,831 Howwever, a rec
covery can be seen, as the inve estors
Glob Markets
bal may try to recoup their
y losses aftter a strong fall
yest
terday.
Inde
ex Late Values
est Change (%)
)
DJIA
A 12,598.55 -0.26% Econom and Cor
mic rporate Dev
velopments
s
NAS
SDAQ 2,874.04 -0.68% • Citin the difficult economi situation, Finance Mi
ng ic inister
Nikk *
kei 8,783.25 -0.20% Prannab Mukher rjee said t the govern nment would be
Hang Seng * 19,373.32 0.59% resoorting to a fr
resh spell of austerity measures to deal
m o
* as o 8.25AM IST
of with the proble ems, but ma ade it clear that he wa not
as
Curr
rencies / Co
ommodities Snapshot
s presssing "panic button".
Latest Previous
Quote Close
Indian Rupee per $ 54.34 53.79
Indian Rupee per € 69.11 68.50
NYM
MEX Crude Oil($/bbl) 93.15 92.81
Gold ($/oz)
d 1,545.40 1,536.60
Silve ($/oz)
er 27.21 27.17
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E
• Ashok Leyland, is planning to invest around `4,150
, t
Previous Currennt Change cror in Tamil Nadu. Th propose investm
re he ed ments
Com
mpany Name
e
Close(`
`) Price(`
`) (%) inclu
ude a gree anufacture light
en-field facility to ma
Unit
tech 19.95
5 21.50 7.77
com
mmercial veh
hicles (LCV)
).
Strid Arco
des 648.95
5 687.00 5.86
Jain Irrigation 75.65
5 79.90 5.62 • Baja Finserv plans to r
aj raise about `1,000 c
t crore
God
drej Cons 517.85
5 539.20 4.12 thro
ough issue o securities.
of
BPC
CL 728.15
5 751.80 3.25 • Aventis Pharma said on W
a Wednesday the Registra of
t ar
Com
mpanies had approved its chang of name to
d ge
(BSE Mid-Cap)
E
Sanofi India Ltd with effec from May 11.
d, ct
Previous Currennt Change
Com
mpany Name
e • Piramal Healthccare closed its second deal in the past
Close(`
`) Price(`
`) (%)
Unit
tech 19.95 21.50 7.77 monnth to stre engthen it pharma research and
ts
Strid Arco
des 648.95 687.00 5.86 development b The company has said it
business. T
Jain Irrigation 75.65 79.90 5.62 wouuld acquire the US-b based Decis sion Resou urces
INDI
IAB POWER 11.80 12.46 5.59 Grou (DRG) for a cons
up sideration of nearly $
o $635
Delt Corp
ta 55.85 58.60 4.92 million (`3,400 crore).
• CESSC has tak ken over two hydro oelectric po
ower
TOP LOSERS projects of India Bulls Gro
oup in Arun
nachal Praddesh,
(BSE A-Group)
E with an aggregate capacity of 146 me
h y ega watt.
Previous Currennt Change • Dr Reddy’s Lab
R may soon launch a low-
boratories m -cost
Com
mpany Name
e
Close(`
`) Price(`
`) (%) sion of bloo thinning drug Plavix in the US, the
vers od x ,
Tata Motors
a 290.30
0 269.00
0 -7.34 world’s largest drug marke
et.
Adit
tya Birla Nuv 807.30
0 756.00
0 -6.35
US markets
Shriram Trans 507.60
0 480.35
5 -5.37
JSW Steel 653.20
0 619.45
5 -5.17 U.S. markets declined, with t
the Dow Jonnes near a ffour-
Sun TV Network 288.25
5 274.00
0 -4.94 month low, as wworries abou Greece again tram
ut mpled
enthussiasm that came wit th U.S. da ata, which on
(BSE Mid-Cap)
E Wedneesday cast a favorable light on factory output and
t
Previous Currennt Change housing.
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Tulip Telecom
p 86.35 79.40 -8.05 The Do Jones In
ow ndustrial Average fell 33.45 points or
3 s,
0.3%, to 12,598.5 The S&P 500 Index declined 5.86
55. P x
Berg Paints
ger 137.70 129.65 -5.85
points, or 0.4%, to 1,324.80 The Nas
0. sdaq Compo osite
Sintex Inds 56.20 53.20 -5.34
decline 19.72 points, or 0.7% to 2,874.
ed %, .04.
MON
NNETISPA 448.95 425.00 -5.33
Kalp
pataru Power 88.35 83.70 -5.26
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Thursday Fr
riday Monday
M Tuesday
T
Reg
gions 17/
/May 18
8/May 21/May 22/May
2
Ind
dia Forex Res
serves Data
a
Bank Loa Growth
an
US Initial Jobless Claims American Petroleum
n Chicago Fed Existing Home Sale
g es
Institute Monthly National Activity (MoM)
Report Index
Leading In
ndicators Richmo
ond Fed
(MoM) Manufacturing Inde
ex
Glo
obal Japan Indu
ustrial G8 Meeting UK's Co
onsumer Pric
ce
production
n Index (M
MoM) and
(YoY)
UK's Pu
ublic Sector
Net Bor
rrowing
UK's Reetail Price
Index (M
MoM)
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