1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Thursday, November 24, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Nov 22 Nov 23 Change (%)
• Indian markets ended 2.3% down after touching their
lowest in two years yesterday tracking the Asian cues
Sensex 16,065.42 15,699.97 -2.27%
after China reported weak manufacturing data and US
CNX Nifty 4,812.35 4,706.45 -2.20% cut down its GDP growth for third quarter. Fears of a
BSE Mid-cap 5,629.33 5,514.11 -2.05% global economic slowdown returned after gloomy data
BSE IT 5,585.40 5,446.73 -2.48% from Germany, China and the United States weighed
BSE Banks 9,886.23 9,649.30 -2.40% on local markets. US Commerce Department cut its
estimate of gross domestic product to 2.0% from a
FII Activity (`Cr) first reading of 2.5%. European markets also opened
Date Buy Sell Net weak on negative Asian markets and the news that
Dexia bailout plan is unworkable led the rise in the
22-Nov 1,759 2,621 -862
bond yields. Except consumer durable, all sectoral
21-Nov 1,894 2,495 -601
indices closed on negative note with capital goods, IT,
Total Nov 28,114 29,458 -1344 oil & gas and banks stocks were major losers. Capital
2011 YTD 555,096 555,916 -820 goods stocks dropped most, as investors sold off
interest sensitive stocks after Indian rupee
MF Activity (`Cr)
depreciated in the afternoon raising the fears that the
Date Buy Sell Net RBI will go away with a new policy of holding interest
22-Nov 828 355 473 rates. IT stocks dropped, after Infosys said that it
21-Nov 606 393 213 expects to achieve low end of outlook in the next
quarter Apollo Hospitals gained 1.82% after it said it
Total Nov 6453 6236 218
plans to launch 100 diabetes treatment clinics in India
2011 YTD 118,584 113,504 5080 in 90 days. While Tata Power closed down 3.04% after
Volume & Advances / Declines Citigroup downgraded the utility citing lower operating
income and higher debt.
NSE BSE
• Market breadth was weak at ~0.37x as investors sold
Trading Volume (`Cr) 10,301 2,011
large cap stocks. FIIs sold equities worth `11.86bn
Advances 310 761 while domestic institutions bought equities of `9.26bn.
Declines 1,190 2,054 • Asian markets have mostly bounced back today after
Unchanged 44 101 a weak opening. Japanese markets are trading lower
Total 1,544 2,916 and the Hang Seng is positive.
Global Markets • We expect a cautious opening for the Indian markets
ahead of the food inflation data and amid mixed cues
Index Latest Values Change (%) from the Asian markets.
DJIA 11,257.55 -2.1% Key events today
NASDAQ 2,460.08 -2.4%
• Announcement of weekly food and fuel inflation data.
Nikkei * 8,199.69 -1.4%
Economic and Corporate Developments
Hang Seng * 17,929.65 0.4%
• Amid falling value of rupee, the RBI today asked
* as of 8.25AM IST corporates to park funds raised through ECBs for
Currencies / Commodities Snapshot domestic expenditure with local banks, a move which
will increase inflow of foreign currency.
Latest Previous
Quote Close • The cabinet will discuss allowing 51% foreign direct
Indian Rupee per $ 52.17 52.31 investment (FDI) in multi-brand retail and 100% in
Indian Rupee per € 69.78 69.81 single-brand retail.
NYMEX Crude Oil($/bbl) 95.94 96.17 • The government is studying the report of an expert
committee on healthcare, constituted by the Planning
Gold ($/oz) 1,690.10 1,695.70
Commission, which if implemented will increase the
Silver ($/oz) 31.72 31.88 public expenditure in the sector to 2.5% of GDP by the
end of 12th Five Year Plan.
Keynote Capitals Institutional Research (research@keynoteindia.net) (+9122-30266000)
Keynote Capitals Institutional Research is also available on
Bloomberg KNTE <GO>, Thomson One Analytics, Reuters Knowledge, Capital IQ, TheMarkets.com and securities.com
Keynote Capitals Institutional Research - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business
To unsubscribe from this mailing list, please reply to unsubscribe@keynotecapitals.net

2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • Ashok Leyland has entered the Indian construction
Previous Current Change equipment industry by launching its first product —
Company Name
Close (`) Price (`) (%) Backhoe Loader — in joint venture with US’ John
Unitech 22.30 23.30 4.48 Deere.
Titan Inds 185.45 190.60 2.78
• The Apollo Group of Hospitals has announced plans
JUBL FOOD 740.80 759.75 2.56
to take the number of its Sugar Clinics to 100 in 90
Lupin 447.45 456.35 1.99
days with an investment of around Rs 30 crore.
Divis Lab 712.00 724.80 1.80
• Indian Oil Corp (IOC) on Wednesday said it has
(BSE Mid-Cap) signed an MoU with UK's BP plc for setting up a 1
Previous Current Change million tonnes acetic acid plant in Gujarat.
Company Name
Close(`) Price(`) (%)
D B REALTY 53.85 64.60 19.96
• ICICI Bank is open to buying loan portfolios of
European banks, its chief executive, Chanda
S Mobility 88.05 94.00 6.76
Kochhar, said on Wednesday, as banks in the region
MVL 21.55 22.70 5.34
look to deleverage and offload loans to shore up
SKS Microfinance 110.50 116.00 4.98
capital base.
FDC 79.80 83.25 4.32
US markets
TOP LOSERS U.S. stock indexes lost more than 2% of their value
(BSE A-Group) Wednesday, after a poorly received German debt sale
again pushed up European bond yields.
Previous Current Change
Company Name
Close(`) Price(`) (%) The Dow Jones Industrial Average fell 236.17 points, or
Opto Circuits 215.10 199.55 -7.23 2.1%, to 11,257.55. The S&P 500 Index lost 26.25
Shree Renu Sug 33.40 31.00 -7.19 points, or 2.2%, to 1,161.79. The Nasdaq Composite
Mundra Port 132.55 123.85 -6.56 declined 61.20 points, or 2.4%, to 2,460.08.
Adani Enter 315.30 295.45 -6.30
United Phos 133.50 125.35 -6.10
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Glodyne Tech 246.10 210.55 -14.45
Parsvnath Dev 44.35 39.95 -9.92
Sobha Dev 235.65 214.10 -9.14
Hindustan Oil 116.50 106.10 -8.93
A2Z Maintainanc 128.95 119.40 -7.41
KEYNOTE CAPITALS LTD.
4th Floor, Balmer Lawrie Building, 5, J. N. Heredia Marg, Ballard Estate, Mumbai 400 001. INDIA
Tel. : 9122-2269 4322 / 24 / 25 • www.keynoteindia.net
Disclaimer: This report is purely for information purpose and is based on public information. News content is attributable to
various media, unless specified otherwise. All market related statistical data pertains to the immediately preceding trading day,
unless stated otherwise. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to
make an offer, to buy or sell the securities mentioned herein. We or any of our directors, officers or employees shall not in any
way be responsible for any loss arising from the use of this report. Investors are advised to apply their own judgment before
acting on the contents of this report. The report has not been edited due to time constraints.