1.
India Morning Note
a g
Wednesday, Ma 30, 2012
ay
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me May 28 May 29 Change (%)
) • India markets gave up m
an most gains to end marg ginally
Sensex 16,416.84 16,438.58 0.13% higher yesterda ahead o derivativ
ay, of ves expiry a and a
crucial GDP prin later in th week.A fall in the r
nt he f rupee,
CNX Nifty
X 4,985.65 4,990.10 0.09%
after three sess
r sions of gaiins, also continued to weigh
BSE Mid-cap 5,971.77 5,963.50 -0.14%
on market sent
m timents. Vollatility was witnessed a the
as
BSE IT 5,559.44 5,625.39 1.19% markets erased almost all intraday ga
d ains in late trade
BSE Banks 11,162.95 11,178.04 0.14% as European shares reverse initial ga
ed ains.
FII A
Activity (`Cr) • India
a's Januaryy-March GD DP data is also du ue on
Date
e Buy Sell Net Thurrsday and will be clo osely watch
hed for po
ossible
clues on further rate cuts b the centr bank.
r by ral
28-M
May 1,234 1,055 179
25-M
May 1,192 1,556 -364 • IT st
tocks rose as euro-zon debt worries eased after
ne
Tota May
al 36,540 37,701 -1161
opinion polls in Greece s
n showed a lead for a party
l
oring the co
favo ountry's eco
onomic bailout in upco
oming
2012 YTD 272,918 230,619 42301
elect
tions.
MF A
Activity (`Cr)
• Telecom stock were hurt after Morgan St
ks tanley
Date
e Buy Sell Net downgraded its view on the sector to 'in-line' from
s
25-M
May 397 235 162 'attractive', citin increased regulatory risks tied to the
ng y
24-M
May 351 277 74 specctrum auctio and 'rela
on, atively weak
ker' 3G outlook.
Tota May
al 7,130 6,970 159 • State
e-owned oil marketing companies fell for a se
l s econd
2012 YTD 52,124 58,065 -5941 day after the go
overnment denied any immediate plans
to increase d diesel and cooking fuel prices and
f s
Volu
ume & Adva
ances / Dec
clines
mands for a p
dem partial roll b
back of hike in petrol pr
rices.
NSE BSE
• Markket breadth was strong at ~1.1
h 11x as inve estors
Trad
ding Volume (Cr) 51.48 19.19 bougght large c cap stocks. On provis
sional basis FIIs
s,
Turn
nover (`Cr) 8,510 1,749 bougght equity of `0.91bn while dommestic institu
utions
Advances 754 1,421 sold equity of `1
1.99bn in ca segmen
ash nt.
Declines 685 1,281 • Asia stocks dropped tod day, as hoopes for sstrong
Unchanged 97 128 stimulus spending in China faltered, and Spain posed
a
Tota
al 1,536 2,830 fresh threats to the euro zo
h one.
Glob Markets
bal • We expect a gap down ope
e ening for the Indian ma
e arkets,
track
king the cuues from th Asian ma
he arkets. How
wever,
Inde
ex Late Values
est Change (%)
)
indic may get some bit o support on lower lev
ces t of o vels as
DJIA
A 12,580.69 1.01%
investors may kkeep some patience ahead of the GDP
e
NAS
SDAQ 2,870.99 1.18% data to be relea
a ased tomorr
row.
Nikk *
kei 8,571.90 -0.98%
Econom and Cor
mic rporate Dev
velopments
s
Hang Seng * 18,642.89 -2.17%
• In a big relief to the debt trapped textiles ind
t- dustry,
* as o 8.25AM IST
of
the governmen decided to restruct
nt ture loans worth
Curr
rencies / Co
ommodities Snapshot
s `35,000Cr.
Latest Previous • In order to at
o ttract foreig funds, the Govern
gn nment
Quote Close
allow
wed individdual overseas invest tors also called
Indian Rupee per $ 55.61 55.18
Qualified Foreig Investors (QFIs) to invest up to $1bn
gn s
Indian Rupee per € 69.44 69.21 ebts and corporate bon market.
in de nd
NYM
MEX Crude Oil($/bbl) 90.32 90.76
• The governmen cleared 2 foreign direct invest
nt 25 d tment
Gold ($/oz)
d 1,547.20 1,548.70 (FDI) proposals including that of AIF III of Mau
s, F uritius
Silve ($/oz)
er 27.65 27.79 and Mumbai based M Microqual Techno, worth
`2,973.40Cr.
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
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tal arkets.com and securitie
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utional Resea
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • The Competition Commis ssion of Inndia has ggiven
Previous Currennt Change approval to R
Reliance Inddustries' pr
roposal to buy
Com
mpany Name
e
Close(`
`) Price(`
`) (%) stak
ke in med dia entities Network k18 and T TV18
Guja
arat Mnrl 171.90
0 179.00 4.13 Broa
adcast.
HDIL
L 64.45
5 66.85 3.72
• H&R Johnson (India), a division of Prism Cem
R ment
Pant
taloon Retl 152.90
0 158.40 3.60 Limited is investing aroun `400Cr as a part of the
nd a f
Glax
xosmithkl 2602.75
5 2693.75 3.50 mpany’s pla
com ans to scaale-up the Johnson Bath
Lanc Infra
co 12.55
5 12.95 3.19 Division, it plan to invest in building new capac
ns cities
(BSE Mid-Cap)
E as well as enhance its ex
w xisting distribution netw
work
goin forward in the next t
ng two years.
Previous Currennt Change
Com
mpany Name
e • Fort Healthca
tis are plans to raise abo
o out `2,000C by
Cr
Close(`
`) Price(`
`) (%)
Pres
stige Estates 103.50 109.85 6.14 listin its hosp
ng pitals busine
ess in Singapore, its c
chief
Sout Indian Bk
th 22.30 23.55 5.61 exec cutive said.
Guja
arat Mnrl 171.90 179.00 4.13 • Ney
yveli Lignite Corporation is planning to add 15,000
n
GVK Power
K 12.00 12.45 3.75 Mw of power with an investme
n ent of aro ound
COX KINGS
X 141.05 146.30 3.72 ,000Cr, of which 30% of will be infused as its
`90, % e
equity.
TOP LOSERS • International Finance Corp
poration (IFC is plannin to
C) ng
(BSE A-Group)
E est around $45mn in SRF Industries (Thailand)
inve
Limited and an nother $40m in SRF’s South Afr
mn s rican
Previous Currennt Change
Com
mpany Name
e Business.
Close(`
`) Price(`
`) (%)
Auro
obindo Phar 117.10
0 110.50
0 -5.64 US markets
IPCA Lab
A 334.95
5 322.75
5 -3.64 U.S. markets rallie Tuesday getting a lift from Greek
m ed y,
Volt
tas 106.55
5 102.70
0 -3.61 polls signaling a c
commitment to the eur currency and
ro
Piramal Health 446.85
5 434.85
5 -2.69 on hop of more global stimulus.
pes
Shre Cement
ee 2576.35
5 2509.15
5 -2.61
The Do Jones Ind
ow dustrial Average gained 125.86 po
d oints,
(BSE Mid-Cap)
E 1%, to 12,580.69. The S&P 500 In
or 1.01 ndex rose 14.60
points, or 1.11%, to 1,332.4 The Nas
42. sdaq Compo osite
Previous Currennt Change
Com
mpany Name
e Index advanced 33.46 points, or 1.18%, to 2,870.99
a , 9.
Close(`
`) Price(`
`) (%)
Baja Elect
aj 214.65 197.00 -8.22
Auro
obindo Phar 117.10 110.50 -5.64
Ecle Serv
erx 661.80 631.30 -4.61
S Mo
obility 46.00 43.90 -4.57
KSK Energy
K 59.00 56.40 -4.41
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Wedn
nesday Thu
ursday Friday
F Monday
M
Reg
gions 30/
/May 31
1/May 1/Jun 4/Jun
Ind
dia GDP (Q4)
) Forex Re
eserves Dat
ta
Infrastruc
cture Bank Loa Growth
an
Output
US GDP annu
ualized (Q1)
) Average Hourly
e Factory Orders
y
Earnings (YoY &
s
MoM), Avverage
Weekly HHours
Initial job
bless Claims
s Nonfarm Payrolls,
m
Unemplooyment Rate
Construc
ction
Spending (MoM)
Glo
obal UK Consum Credit
mer Eurozone Consumer
e UK Purch
hasing UK House prices
and mone supply
ey price inde
ex Manager Index
r data
Manufaccturing
UK Consmmer
confidence
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NOTE CAPITTALS LTD.
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m
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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
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er ation nor any opinion expressed in this report constitutes an off
y s fer, or an invitation to
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