1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Wednesday, November 9, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Nov 4 Nov 8 Change (%) • Indian markets pulled back from an early fall and
Sensex 17,562.61 17,569.53 0.04% ended on flat note yesterday helped by a rise in State
CNX Nifty 5,284.20 5,289.35 0.10% Bank of India and software services bellwether Infosys.
BSE Mid-cap 6,298.39 6,311.51 0.21% SBI scheduled to release quarterly results on
BSE IT 5,762.20 5,769.14 0.12% Wednesday, gained 1.6%. Interest rate sensitive
BSE Banks 11,302.24 11,317.93 0.14% banking stocks recovered after Reserve Bank of India
deputy governor Subir Gokarn said at a televised
FII Activity (`Cr)
event that bad loans are not threatening the entire
Date Buy Sell Net banking system in India and that the policy guidance
4-Nov 2,269 2,053 216 given so far would hold until further notice. The
3-Nov 1,887 1,809 78 upward movement was mainly led by gain in
Total Nov 7,710 7,189 521 consumer durables, oil & gas, power and capital goods
2011 YTD 534,692 533,647 1045 stocks while real estate, pharma, auto and metal
stocks witnessed some selling pressure. ADAG
MF Activity (`Cr)
company, Reliance Power rose after the company said
Date Buy Sell Net it is on track to achieve an operating power generation
4-Nov 568 369 199 capacity of 5,000 megawatts (MW) by 2012. Jain
3-Nov 589 439 151 Irrigation jumped 9.3% on better-than-expected
Total Nov 1841 1934 -93 operational performance in the second quarter and
2011 YTD 113,972 109,203 4769 expectations of improved working capital ratios ahead
Volume & Advances / Declines while Cairn India gained 4.95% on hopes higher crude
oil prices would boost earnings for the firm. SKS
NSE BSE
Microfinance fell 7.9% after the microlender posted a
Trading Volume (`Cr) 8,124 1,985
net loss in the September quarter.
Advances 673 1,434
• Market breadth was flat at ~1.03x as investors bought
Declines 785 1,399
large cap stocks. FIIs bought equities worth `4.56bn
Unchanged 69 131
while domestic institutions sold equities of `3.77bn.
Total 1,527 2,964
• Asia stocks climbed today, with exporters rebounding
Global Markets
as investors cheered plans by Italian Prime Minister
Index Latest Values Change (%) Silvio Berlusconi to resign as a step toward resolving
DJIA 12,170.18 0.8% crippling debt problems in Europe. Also, the Chinese
NASDAQ 2,727.49 1.2% inflation cooled down in October, helping the markets
Nikkei * 8,736.45 0.9% to gain.
Hang Seng * 20,118.46 2.2% • We expect positive opening for the Indian markets
* as of 8.25AM IST today, following the cues from the Asian markets.
Currencies / Commodities Snapshot However, rising concerns over the economic growth
Latest Previous and fiscal stability reflected through weak exports and
Quote Close tax numbers will provide resistance.
Indian Rupee per $ 49.32 49.38 Economic and Corporate Developments
Indian Rupee per € 68.23 68.10
• In a major blow to the sugar industry, Uttar Pradesh
NYMEX Crude Oil($/bbl) 97.07 96.80
government has raised the mandatory State Advised
Gold ($/oz) 1,801.30 1,790.30
Price (SAP) for sugarcane by a little over 20%. The
Silver ($/oz) 35.14 35.15
already ailing industry will have to bear an additional
burden of `2,500Cr.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • The Aditya Birla Group has begun the process to bid
Previous Current Change for acquiring Australian coal company New Hope,
Company Name
Close (`) Price (`) (%) valued at $5.2bn.
Jain Irrigation 110.85 121.45 9.56
• GSKConsumer Healthcare forayed into the Indian
Apollo Hosp 537.05 575.30 7.12
breakfast cereal market, which is currently
Apollo Tyres 56.85 59.85 5.28
dominated by firms like Kellogg's and PepsiCo,
Jet Air India 254.75 267.70 5.08
through its flagship brand 'Horlicks'.
Cairn India 306.20 321.60 5.03
• To meet its rising fuel demand, country's largest
(BSE Mid-Cap) power producer NTPC plans to seek bids in next two
Previous Current Change to three months for long-term supply of imported
Company Name
Close(`) Price(`) (%) coal of up to 20mn tonne per annum.
Jain Irrigation 110.85 121.45 9.56
• KEC International bagged orders worth `400Cr. The
Hindustan Oil 118.25 126.90 7.32
company has bagged three orders from Saudi Arabia
Apollo Hosp 537.05 575.30 7.12
and India on a turnkey basis.
Carborundum 157.05 167.70 6.78
Uni • J Kumar Infraprojects received orders worth `600Cr
VAARAD 72.40 77.30 6.77
for the widening of Sion-Panvel special highway
TOP LOSERS project in Maharashtra.
(BSE A-Group) US markets
Previous Current Change US stocks ended up in a choppy session on reports
Company Name
Close(`) Price(`) (%) Silvio Berlusconi would resign as prime minister of Italy
Motherson Sumi 189.75 177.05 -6.69 as the country works to reign in its debt.
Gujarat Gas 438.60 418.50 -4.58 The Dow Jones Industrial Average added 101.79 points,
Aurobindo Phar 128.40 123.25 -4.01 or 0.8%, to 12,170.18. The S&P 500 Index gained 14.80
Bank of India 341.20 327.70 -3.96 points, or 1.2%, to 1,275.92. The Nasdaq Composite
Zee Entert 125.30 120.60 -3.75 Index rose 32.24 points, or 1.2%, to 2,727.49.
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
SKS Microfinance 209.00 192.15 -8.06
Motherson Sumi 189.75 177.05 -6.69
Shri Ganesh Spi 3.68 3.50 -4.89
Gujarat Gas 438.60 418.50 -4.58
Parsvnath Dev 79.30 75.85 -4.35
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