1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Friday, November 4, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Nov 2 Nov 3 Change (%) • Indian markets recovered early losses and closed on
flat note in a volatile session yesterday as European
Sensex 17,464.85 17,481.93 0.10%
markets bounced on hopes that Greece referendum
CNX Nifty 5,258.45 5,265.75 0.14%
may not happen. Greek Finance Minister opposed the
BSE Mid-cap 6,253.79 6,251.21 -0.04% country's Prime Minister George Papandreou's decision
BSE IT 5,773.48 5,731.51 -0.73% of holding a referendum which took European leaders
BSE Banks 11,238.24 11,232.57 -0.05% into surprise. Besides, The Greek ruling party
lawmaker Dimitris Lintzeris has called on Prime
FII Activity (`Cr)
Minister George Papandreou to resign from his post
Date Buy Sell Net over his decision to hold referendum on the European
2-Nov 1,643 1,449 194 Union's bailout plan. Investors also cheered for the
1-Nov 1,911 1,878 34 news that Petroleum Ministry is trying to bring diesel
Total Nov 3,554 3,327 228 price hike which led oil & gas stocks up. However,
2011 YTD 530,536 529,785 752
investor has ignored hike in food inflation which rose
to 12.21% during the week ended October 22 from
MF Activity (`Cr) 11.43% in the previous week. The upward movement
Date Buy Sell Net was mainly led by gain in power, real estate, oil & gas
2-Nov 342 391 -49 and capital goods stocks while IT, auto and bank
stocks witnessed selling pressure. Bank stocks fell on
1-Nov 343 736 -393
worries over eroding asset quality following a series of
Total Nov 684 1126 -442
interest rate increases which have hit corporate
2011 YTD 112,815 108,395 4420 earnings and slowed economic growth. Consumer
Volume & Advances / Declines electronics goods maker Whirlpool of India fell 6.7%
after its September-quarter net profit fell 53%.
NSE BSE
• Market breadth was marginally weak at ~0.91x as
Trading Volume (`Cr) 9,881 2,202
investors sold large cap stocks. Both FIIs and domestic
Advances 680 1,329
institutions bought equities worth `0.15bn and
Declines 751 1,460 `0.02bn, respectively.
Unchanged 93 141
• Asia stocks rallied on Friday, with exporters and
Total 1,524 2,930 resource firms among the notable gainers, after
Global Markets Greece shelved plans for a financial-bailout
referendum and a surprise interest-rate cut by the
Index Latest Values Change (%)
European Central Bank helped revive risk appetite.
DJIA 12,044.47 1.8%
• Indian markets may open positive today as the global
NASDAQ 2,697.97 2.2% markets took a relief after the resolution of Greece
Nikkei * 8,750.76 1.3% referendum issue. However, burgeoning inflation is a
Hang Seng * 19,824.00 3.0% major concern for Indian markets on the upside.
* as of 8.25AM IST Economic and Corporate Developments
Currencies / Commodities Snapshot • The Oil Ministry in the note to the Cabinet Secretariat
pointed that Indian Oil, BPCL and HPCL together will
Latest Previous
lose about `1,30,000Cr in revenue this fiscal on selling
Quote Close
diesel, domestic LPG and kerosene at government
Indian Rupee per $ 49.02 49.06
controlled rates.
Indian Rupee per € 67.65 67.75
• Food inflation rose to 12.21% during the week ended
NYMEX Crude Oil($/bbl) 93.94 94.07
October 22, with expensive vegetables, pulses, fruits
Gold ($/oz) 1,759.30 1,765.10 and milk as against 11.43% in the previous week. The
Silver ($/oz) 34.32 34.50 rate of price rise of food items stood at 13.55% in the
corresponding week of the previous year.
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) • The Delhi unit of the Income Tax department on
Previous Current Change Thursday conducted a search on textile major
Company Name
Close (`) Price (`) (%) Raymond's offices in Mumbai and Delhi.
Power Finance 156.10 165.00 5.70
• Sesa Goa will acquire 100% stake in Goa Energy
Sun TV Network 258.70 273.35 5.66
from Videocon Industries and other shareholders for
JSW Steel 637.45 667.85 4.77
`53.72Cr.
REC 185.50 194.25 4.72
BHEL 316.05 329.25 4.18 • Oil and Natural Gas Corp (ONGC) is likely to see a
75% jump in natural gas production in the next five
(BSE Mid-Cap) years when the state-owned company will bring its
Previous Current Change Krishna Godavari basin gas finds into production.
Company Name
Close(`) Price(`) (%)
Orchid Chem 174.00 183.95 5.72
• Power Grid Corporation (PGCIL) has set aside around
`5,000Cr for setting up transmission network in
PTC India 70.50 74.05 5.04
Gujarat by October next year.
SKS Microfinance 200.70 210.70 4.98
3M India 4185.00 4385.25 4.78 US markets
JUBILANT 205.00 214.00 4.39 US stocks rallied for a second day on Thursday as
Greece backed away from a proposed referendum that
TOP LOSERS threatened its membership in the euro, which could
(BSE A-Group) destabilize global markets.
Previous Current Change The Dow Jones industrial average was up 208.43 points,
Company Name
Close(`) Price(`) (%) or 1.76%, at 12,044.47. The Standard & Poor's 500
Indiabulls Fin 159.95 152.00 -4.97 Index was up 23.25 points, or 1.88%, at 1,261.15. The
JPINFRATEC 55.95 53.80 -3.84 Nasdaq Composite Index was up 57.99 points, or
CRISIL 968.55 935.95 -3.37 2.20%, at 2,697.97.
SAIL 112.65 109.20 -3.06
Educomp Sol 272.80 264.80 -2.93
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Whirlpool 214.00 200.00 -6.54
Bajaj Hind 37.45 35.20 -6.01
Shree Global Trd 181.10 172.05 -5.00
Indiabulls Fin 159.95 152.00 -4.97
Shri Ganesh Spi 4.07 3.87 -4.91
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.