1.
India Morning Note
a g
Frida May 25, 2012
ay,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me May 23 May 24 Change (%)
) • India
an markets rose 1.7
s 7% yesterd day, its bi iggest
Sensex 15,948.10 16,222.30 1.72% perccentage gain in nearly two month after a steep
y hs,
CNX Nifty
X 4,835.65 4,921.40 1.77% hike in petrol prices booste oil stock such as O
ed ks ONGC,
BSE Mid-cap 5,830.22 5,874.78 0.76% IOCL by kindling hopes of similar hik
L kes in other fuels
r
BSE IT 5,480.05 5,525.98 0.84% such as diesel. Investors are expe
h ecting that the
t
BSE Banks 10,618.09 10,865.64 2.33% goveernment m may be ge etting more serious about
e
tackkling its fuel subsidies, a big cause of its bl
, loated
FII A
Activity (`Cr)
fisca deficit.
al
Date
e Buy Sell Net
• Euro
opean stock and US in
ks ndex future also rose after
es e
23-M
May 1,533 1,853 -320
Hew
wlett-Packard
d, the w world's biggest per rsonal
22-M
May 1,604 1,822 -218
computer make unveiled Q2 results that beat analyst
er t
Tota May
al 32,483 33,410 -928 expe
ectations.
2012 YTD 268,861 226,328 42534
• Oil marketing companies r
m rose as conc
cerns about their
t
MF A
Activity (`Cr) subssidy sharin ng burden eased on reports an
n
Date
e Buy Sell Net Emp powered Gr roup of Min nisters (EGoM) will discuss
23-M
May 331 237 94 raising diesel aand liquified petroleum gas prices at a
d m s
22-M
May 276 293 -17 mee eting on Frid
day.
Tota May
al 6,382 6,458 -77 • Tyre shares rose across t
e the board as rubber prices
2012 YTD 51,376 57,553 -6177 have tumbled. J Tyres & Industries, Apollo Tyres MRF
e JK A s,
Volu
ume & Adva
ances / Dec
clines and CEAT rose by between 1.64% to 2.28%. Bharti
e t
Airte surged 5.62% as the company announced that
el y d
NSE BSE
they have signe an agree
y ed ement to ac cquire an interest
Trad
ding Volume (Cr) 52.44 20.25
in Qualcomm As Pacific's (Qualcomm AP) Indian BWA
sia m n
Turn
nover (`Cr) 9,052 1,946 entit
ties.
Advances 914 1,544
• Mark
ket breadth was strong at ~1.3
h 35x as inve estors
Declines 524 1,140
boug large ca stocks. O provisional basis, FIIs sold
ght ap On
Unchanged 81 126
equity of `1.055bn while d
domestic ins
stitutions b
bought
Tota
al 1,519 2,810
equity of `1.30b in cash segment.
bn
Glob Markets
bal
• Asia markets dropped to rsing from early
oday, rever
Inde
ex Late Values
est Change (%)
) gains, with th he volatile action mirroring inv
vestor
DJIA
A 12,529.75 0.27% unceertainty ove the Europ and China
er pe a.
NAS
SDAQ 2,839.38 -0.38%
• India markets to open low today, fo
an wer ollowing the cues
e
Nikk *
kei 8,563.65 0.00%
from the Asian markets and uncer
m n rtainties crreated
Hang Seng * 18,597.40 -0.37% after speculatio of roll ba of petrol price hike.
r ons ack .
* as o 8.25AM IST
of
Econom and Cor
mic rporate Dev
velopments
s
Curr
rencies / Co
ommodities Snapshot
s
Latest Previous • The governme ent has increased interest rate on
es
Quote Close Speccial Deposit Scheme (SDS) and State Prov
t vident
Indian Rupee per $ 55.55 55.98 Fund for the year 201
ds 12-13 to 8.8% from 8.6%
8
Indian Rupee per € 69.65 70.46 curre
ently.
NYM
MEX Crude Oil($/bbl) 90.42 90.66 • A goovernment c committee headed by Finance Mi inister
Gold ($/oz)
d 1,557.40 1,557.30 Prannab Mukher rjee will mmeet on Fr riday to discuss
Silve ($/oz)
er 27.94 28.14 etroleum ga and kerosene
raising diesel, liquified pe as
price a finance ministry o
es, e official said on Thursday
o y.
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note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
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als h
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E
• Sun Pharmaceutical Indus stries on Thursday said it
Previous Currennt Change had received a approval fro the US Food and D
om Drug
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Admministration to sell its generic ver rsion of Ast
telin,
Tech Mahindra
h 611.90
0 665.50 8.76
used in treating nasal allergies. The gen
d neric
Pant
taloon Retl 139.65
5 151.60 8.56
Azelastine HC CL nasal spray, is therapeutically
Auro
obindo Phar 107.70
0 115.35 7.10 equivalent to MMedpointe Pharm HLC's Astelin n nasal
ONG
GC 243.00
0 256.95 5.74 spra It has re
ay. eceived app proval for its product in the
s n
Bharti Airtel 281.95
5 297.80 5.62 strength of 0.1 per cent (137 mcg/spr ray).
(BSE Mid-Cap)
E • Glen
nmark Phar rmaceuticals is set to enter the final
Previous Currennt Change stag of clinica trials for its new drug, Revami
ge al ilast,
Com
mpany Name
e
Close(`
`) Price(`
`) (%) oss several countries this year. It is meant for
acro t
REI Agro 7.70 8.85 14.94 atment of inflammatory disorders like asthma and
trea y l
Pant
taloon Retl 139.65 151.60 8.56 rheu
umatoid ar rthritis. Gleenmark may soon s seek
Auro
obindo Phar 107.70 115.35 7.10 approval for Phase-III trials in the US, UK and Indi
s ia.
Pola
aris Fin Tec 104.15 110.95 6.53 • The railway bu usiness unit of Larson & Toubro Ltd,
t
Apollo Tyres 83.10 87.40 5.17 with an order b
h book of `1,7
700Cr, is loo
oking at var
rious
upco oming proje
ects for gro
owth, accordding to a se
enior
TOP LOSERS offic from the company.
cial e
(BSE A-Group)
E • NMDDC Limited the cou
d, untry’s larrgest iron ore
Previous Currennt Change prodducer, on T Thursday ssigned a memorandum of
m m
Com
mpany Name
e
Close(`
`) Price(`
`) (%) understanding with Rashtr riya Ispat Nigam (RINL for
N L)
Crom
mpton Greav
v 111.50
0 108.55
5 -2.65 alling a 336
insta 6-km slurry pipeline fro Jagdalpu to
om ur
Woc
ckhardt 808.60
0 787.40
0 -2.62 Visa
akhapatnam and for setting up a four-mi
m illion
Nati
ional Alum 59.05
5 57.60
0 -2.46 tonn capacity pellet plant at Visak
ne y khapatnam. The
Opto Circuits
o 172.45
5 168.25
5 -2.44 MoU was signe by NMDC chairman and managing
U ed C
Allahabad Bank 140.05
5 136.65
5 -2.43 director NK Nan nda and AP Choudhary chairman and
P y,
mannaging direcctor of RINL.
(BSE Mid-Cap)
E
• Bharti Airtel, th country’ largest mobile opera
he ’s m ator,
Previous Currennt Change
Com
mpany Name
e on Thursday an
T nnounced th acquisitio of 49% s
he on stake
Close(`
`) Price(`
`) (%)
Allca
argo Logistics
s 117.50 111.15 -5.40 in US telecom major Qu
U m ualcomm Innc’s broadb band
D B CORP 203.85 196.00 -3.85 wire
eless access (BWA) com
s mpany in India for an in
nitial
Fres
senius Kabi 143.30 138.25 -3.52 inve
estment of $ $165mn (`907Cr).
KSK Energy
K 59.50 57.65 -3.11 US markets
S Mo
obility 50.65 49.25 -2.76
US stocks rose deespite the slowing mannufacturing data
in the US, after investor senntiment boo
osted on Itaalian
Prime Minister Maario Monti's statement that a majority
ders at a E
of lead European U Union summ backed joint
mit
Europeean bonds.
The Dow Jones Industrial A
D Average ennded up 33.60
points, or 0.3%, to 12,529 9.75. The S&P 500 In
S ndex
ended up 1.82 p points, or 00.1%, at 1,320.68, led by
d
consummer-staples stocks. The Nasdaq Composite In
e C ndex
droppe 10.74 points, or 0.4% to 2,839.
ed %, .38.
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 25/
/May 28
8/May 29/May 30/May
3
Ind
dia Forex Reserves Data
Bank Loan Growth
n
US Reuters/ M
Michigan Consumer
Consumer Sentiment
r Confiden
nce
Index (May)
Glo
obal Germany's Gfk Japan UK's Nat
tionwide UK Consumer Cred
dit
Consumerr Unemployment rate Housing Prices n.s.a
a oney supply
and mo
Confidenc Survey
ce (YoY) an (MoM)
nd
Japan Household Germany y's UK Consmer
spending Consumer Price confidence
Index (M
MoM) and
(YoY)
Japan retail trade
KEYN
NOTE CAPITTALS LTD.
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m
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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
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er ation nor any opinion expressed in this report constitutes an off
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