1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Tuesday, November 1, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Oct 28 Oct 31 Change (%) • Indian markets snapped a four-day winning streak and
Sensex 17,804.80 17,705.01 -0.56% closed a lacklustre trading session on negative note
CNX Nifty 5,360.70 5,326.60 -0.64% yesterday as the initial euphoria surrounding last
BSE Mid-cap 6,274.93 6,297.99 0.37% week's plan to contain the euro-zone debt crisis faded
BSE IT 5,830.27 5,828.26 -0.03% and risk-wary investors locked in profits and stayed
BSE Banks 11,372.49 11,454.03 0.72% away from fresh buying. Sentiment was also
dampened as global market fell after commodities
FII Activity (`Cr)
retreated, prompted by the dollar rising to a three-
Date Buy Sell Net month high against the yen after Japan intervened to
28-Oct 5568 3207 2360 weaken its currency, spurring some profit-taking after
25-Oct 3689 3234 455 last week's rally. Except FMCG and bank, all sectoral
Total Oct 40,713 38,725 1987 indices closed on negative note with oil & gas, metal,
2011 YTD 524,370 524,326 43 auto and capital goods stocks were major losers.
FMCG giant Hindustan Unilever jumped more than 7%
MF Activity (`Cr)
after the company reported on good Q2 results. Dabur
Date Buy Sell Net India also rose after reporting growth in second
28-Oct 688 845 -157 quarter net profit. Tata Global Beverages rose 3.2%
26-Oct 39 4 35 after the world's second-largest tea group posted a
Total Oct 8,934 9,111 -177 49% jump in September-quarter net profit on better
2011 YTD 111,757 106,710 5047 performance in overseas markets and price increases
Volume & Advances / Declines from earlier this year. ICICI Bank closed lower after
rising as much as 2.2% as it beat street estimates with
NSE BSE
a 21.6% rise in second-quarter profit led by higher
Trading Volume (`Cr) 10,713 2,191
income from interest and investments, and lower
Advances 767 1,494
provisions for bad loans.
Declines 706 1,354
• Market breadth was however strong at ~1.1x as
Unchanged 66 108
investors bought small and mid cap stocks. FIIs bought
Total 1,539 2,956
equities worth `3.58bn while domestic institutions sold
Global Markets equities of `2.76bn.
Index Latest Values Change (%) • Asian markets declined today tracking weak cues from
DJIA 11,955.01 -2.3% the US markets overnight. Commodity sector firms
NASDAQ 2,684.41 -1.9% and steel makers were the top losers.
Nikkei * 8,920.86 -0.8% • We expect a weak start for the Indian markets in line
Hang Seng * 19,475.59 -2.0% with the losses in the Asian markets. Investors may
* as of 8.25AM IST keep caution ahead of the final plan of Euro-zone
Currencies / Commodities Snapshot rescue and summit of G-20 countries.
Latest Previous Economic and Corporate Developments
Quote Close
• With rising input costs and high interest rates, growth
Indian Rupee per $ 48.65 48.70
in eight key infrastructure sectors slowed down to
Indian Rupee per € 67.37 66.79
2.3% in September from 3.3% a year ago.
NYMEX Crude Oil($/bbl) 92.79 93.19
Gold ($/oz) 1,724.00 1,725.20 • India's fiscal deficit during April to September was
`2.92lakh Cr ($60.1bn), or 70.8% of the full-year
Silver ($/oz) 34.42 34.35
target, the government data showed.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • Maruti suzuki develops customised school vans
Previous Current Change under brands Omni and EECO.
Company Name
Close (`) Price (`) (%)
• IVRCL and its subsidiary IVRCL Infrastructures and
HUL 349.45 375.25 7.38
Projects Ltd, on Monday received in-principle
Uco Bank 71.00 75.25 5.99
approval from their respective boards to pursue the
Indian Bank 205.25 217.25 5.85
proposal for amalgamation of IVCL Assets with IVRCL
Lanco Infra 15.70 16.45 4.78
Ltd.
IOB 97.80 102.40 4.70
• Reliance Industries denied that it is looking to buy
(BSE Mid-Cap) Valero Energy Corp.
Previous Current Change
Company Name • Tata Motors will challenge the Calcutta High Court
Close(`) Price(`) (%)
Essar Ports 66.95 80.30 19.94
order upholding the validity of the Singur Land and
Rehabilitation and Development Act. The company
JM Financial 16.60 19.00 14.46
on Monday filed an appeal in the division bench and
Vijaya Bank 55.85 61.15 9.49
the matter would be heard from tomorrow.
Himadri Chem 49.35 53.40 8.21
Gillette India 2091.90 2230.00 6.60 US markets
US stocks ended sharply lower Monday as a surge in
TOP LOSERS the U.S. dollar hit commodities and other assets viewed
(BSE A-Group) as relatively risky, fuelling the biggest one-day
percentage drop for the Dow Jones Industrial Average in
Previous Current Change
Company Name four weeks.
Close(`) Price(`) (%)
Gitanjali Gems 364.25 345.00 -5.28 Waning confidence over Europe’s plan to contain the
Oriental Bank 304.55 290.15 -4.73 region’s debt crisis also contributed to the session’s
Hindalco Inds 142.20 136.35 -4.11 decline. The S&P 500 Index and Nasdaq Composite
Sterlite Inds 132.90 127.45 -4.10 both up 11% from the end of September. The Dow
JPINFRATEC 62.35 59.90 -3.93 Jones Industrial Average fell 276.10 points, or 2.3%, to
close at 11,955.01. The S&P 500 Index shed 31.79
(BSE Mid-Cap)
points, or 2.5%, to 1,253.30 and the Nasdaq Composite
Previous Current Change dropped 52.74 points, or 1.9%, to 2,684.41.
Company Name
Close(`) Price(`) (%)
Gitanjali Gems 364.25 345.00 -5.28
Shree Global Trd 211.15 200.60 -5.00
VAARAD 79.40 75.45 -4.97
Shri Ganesh Spi 4.73 4.50 -4.86
A2Z Maint 182.75 174.40 -4.57
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