1.
India Morning Note
a g
Thur
rsday, May 2 2012
24,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me May 22 May 23 Change (%)
) • India markets declined y
an s yesterday to close at their
t
Sensex 16,026.41 15,948.10 -0.49% lowe since January, as t
est the rupee hit a new r
h record
CNX Nifty
X 4,860.50 4,835.65 -0.51% low below the psycholog
e gically key 56 level, while
BSE Mid-cap 5,854.18 5,830.22 -0.41% glob stocks co
bal ontinued to be routed because of fears
f
BSE IT 5,471.24 5,480.05 0.16% abou the euro zone.
ut
BSE Banks 10,678.79 10,618.09 -0.57% • A bo of volatility was wi
out itnessed at the onset o the
of
FII A
Activity (`Cr) trading session as key be enchmark in ndices cut l
losses
after an initial slide trigge
r ered by we eak Asian sstocks
Date
e Buy Sell Net
and the continuued slide of the rupee against the d
a dollar.
21-M
May 1,330 1,389 -59
The BSE Sense fell below the psyc
ex, chological 1
16,000
18-M
May 1,660 1,866 -206
mark.
Tota May
al 29,345 29,734 -389
2012 YTD 265,724 222,652 43072
• Investors expeect more w weakness ahead for I
a Indian
stocks, given th rupee has dropped more than 13%
he n
MF A
Activity (`Cr) since its 2012 peak in February, underscorin an
e 2 ng
Date
e Buy Sell Net urgeent need of major reforms to get inve
o estors
21-M
May 310 206 104 belie
eving again in the India story.
a
18-M
May 484 407 -150 • Telecom stocks such as Bharti Airtel were amon the
s ng
Tota May
al 6,325 6,286 39 big decliners ahead of meeting by the telecom
b
2012 YTD 51,319 57,381 -6062 ministry to decide on a coontroversial proposal from a
Volu
ume & Adva
ances / Dec
clines regu
ulatory body to raise sp
y pectrum prices in an auuction
of mobile airwav
m ves.
NSE BSE
Trad
ding Volume (Cr) 49.64 17.10 • Mark breadth was weak at ~0.68x as investors sold
ket
Turn
nover (`Cr) 8,439 1,821 large cap stock On provisional basis FIIs sold e
e ks. s, equity
Advances 507 1,095
of `3
3.61bn while domestic institutions bought equ
e uity of
`1.68bn in cash segment.
h
Declines 936 1,618
Unchanged 86 114 • Asian stocks ddropped aft ter a posit
tive openinng, as
Tota
al 1,529 2,827 Chin
nese manu ufacturing PMI dropp ped below 50,
w
show
wing a contr
raction in th manufact
he turing activities.
Glob Markets
bal
Inde
ex Late Values
est Change (%)
) • We expect a po ositive openning for the Indian ma
e arkets,
as petrol price hike will help the petro
oleum comppanies
DJIA
A 12,496.15 -0.05%
to ge boost fro the investors. Howe
et om ever, weak g
global
NAS
SDAQ 2,850.12 0.39%
cues may keep the index u
s under check k.
Nikk *
kei 8,532.05 -0.29%
Hang Seng * 18,711.20 -0.40% Econom and Cor
mic rporate Dev
velopments
s
* as o 8.25AM IST
of • In a move which will benef millions of employee the
h fit o es,
Curr
rencies / Co
ommodities Snapshot
s goveernment has hiked inte
s erest rate on contributio to
n ons
Latest Previous Geneeral Provide Fund (G
ent GPF) and other similar funds
Quote Close to 8.
.8% for 2012-13.
Indian Rupee per $ 55.98 55.39
• In th steepest ever increa
he ase, petrol rates were r
r raised
Indian Rupee per € 70.46 70.26 by a massive ` tre, the first hike in rates in
`7.54 per lit t
NYM
MEX Crude Oil($/bbl) 90.61 89.90 six months. Pe
m etrol price in Delhi has been hike byed
Gold ($/oz)
d 1,557.80 1,548.10 `7.54 per litre to `73.18 a litre with effect from
e 8 w
Silve ($/oz)
er 27.75 27.50 Wed dnesday mid te-owned oil companies said
dnight, stat
in pr
ress announ
ncements.
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
Keynote Capitals Institu
utional Resea
arch - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business
To unsubsc cribe from th mailing lis please reply to unsub
his st, bscribe@keyynotecapitals
s.net

2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E
• Mahhindra & Maahindra is fi
inding it tough to exor rcise
Previous Currennt Change the ghosts of f ese ownersh at its South
failed Chine hip
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Kore
ean car uni Ssangyon as it loo
it ng oks to push the
h
Woc
ckhardt 717.75
5 808.60 12.66
bran into Chin
nd na's auto mmarket, the world's larg gest.
Havells India 535.20
0 568.60 6.24
At the same tim the car tractor an truck ma
me, r, nd aker,
GMR Infra
R 19.50
0 20.30 4.10 the core part o the `80,0
of 000Cr diver rsified Mahindra
Gail India 313.95
5 323.95 3.19 Grou will take its own ru
up, e ugged sport utility vehicles
t
JUBL FOOD
L 1133.05
5 1167.85 3.07 (SUVVs) elsewhere, to em merging ma arkets such as
h
(BSE Mid-Cap)
E Braz and Sou
zil uth Africa - though it is develo
t oping
engines to be u
used across both brands.
Previous Currennt Change
Com
mpany Name
e
Close(`
`) Price(`
`) (%) • With export commitments having dwindled in re
h ecent
Woc
ckhardt 717.75 808.60 12.66 timees, Ahmeda abad-based Pradip Ovverseas Lim
mited
Fres
senius Kabi 128.75 143.30 11.30 has shelved it denim fo
ts oray plans. The comp pany
Havells India 535.20 568.60 6.24 wou instead focus on ex
uld xpanding its core business
Delt Corp
ta 59.20 62.45 5.49 of home textiles.
Shre Global Trd
ee d 86.00 90.30 5.00 • Indian iron ore major, NMDC signed a contract f afor
stee melting shop (SMS) p
el package wit a consortium
th
TOP LOSERS led by Siemens VAI MT GmbH & Co, Austria, fo its
s , or
(BSE A-Group)
E upcooming integ
grated steel plant in Ch
hhattisgarh.
Com
mpany Name
e
Previous Currennt Change • NTP plans to spend as m
PC much as $155bn (`82,52
21Cr)
Close(`
`) Price(`
`) (%) over a decade to secure overseas coal supplie as
c es
Volt
tas 95.90
0 91.45
5 -4.64 prices of the fuel tumble to a 19-mont
o th-low.
Jain Irrigation 73.85
5 70.60
0 -4.40
US markets
Bharti Airtel 294.60
0 281.95
5 -4.29
Man
nappuram Fin
n 23.25
5 22.30
0 -4.09 U.S. stocks turned mostly up Wednesda after ano
d p ay other
Baja Finserv
aj 689.90
0 663.25
5 -3.86 late-se
ession comeback inve estor sentim
ments boo
osted
after the indicatio
ons that Gr
reek may not be depa
n arted
(BSE Mid-Cap)
E
from th euro.
he
Previous Currennt Change
Com
mpany Name
e The Dow Jones Industrial A Average endded down 6.66
Close(`
`) Price(`
`) (%)
REI Agro 8.29 7.70 -7.12 points, or 0.1%, a 12,496.15, recovering from a 191-
at
Anant Raj Inds 50.30 46.80 -6.96
point drop. The S
d S&P 500 Ind
dex gained 2.23 points or
s,
0.2%, to 1,318.86 The Nasd
6. daq Compoosite Index also
Volt
tas 95.90 91.45 -4.64
turned around, rising 11.04 points, or 0.4%, to
Amt
tek Auto 110.40 105.40 -4.53
2,850.1
12.
Jain Irrigation 73.85 70.60 -4.40
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 24/
/May 25
5/May 28/May 29/May
2
Ind
dia Forex Res
serves Data
a
Bank Loa Growth
an
US Durable G
Goods Reuters/ Michigan Consummer
orders Consume Sentiment
er Confide
ence
Index (Ma
ay)
Initial & Continuing
Jobless Claaims
Glo
obal UK retail S
Sales Germany Gfk
y's Japan UK's Na
ationwide
Consumeer oyment rate
Unemplo e Housing Prices n.s.
g .a
Confidence Survey (YoY) an (MoM)
nd
UK & Ger
rmany GDP Japan Ho
ousehold German ny's
data spending
g Consum Price
mer
Index (M
MoM) and
(YoY)
Japan retail trade
KEYN
NOTE CAPITTALS LTD.
The Rub 9th Floo Senapati Bapat Marg, Dadar (W), Mumba – 400 028
by, or, ai 8
Tel. : +9
9122-30266
6000 • www
w.keynotec
capitals.com
m
Disclaiimer: This re
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.