1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Tuesday, October 25, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Oct 21 Oct 24 Change (%) • Indian markets snapped losing streak and closed on
Sensex 16,785.64 16,939.28 0.92% positive note yesterday tracking strong global markets
CNX Nifty 5,049.95 5,098.35 0.96% as hopes for a solution to the euro zone debt crisis
BSE Mid-cap 6,111.87 6,091.78 -0.33%
encouraged investors. The package, due to be
announced Wednesday at a follow-up summit of
BSE IT 5,525.64 5,631.26 1.91%
European leaders, is expected to center on
BSE Banks 11,094.31 11,052.42 -0.38%
recapitalizing European banks, addressing Greece's
FII Activity (`Cr) debt burden and boosting the firepower of the
Date Buy Sell Net European Financial Stability Facility, the euro zone's
21-Oct 1376 1555 -178
rescue fund. However, the markets pared gains by end
of the day as European markets slid after weak PMI
20-Oct 1469 1900 -431
and investors remained cautious ahead of RBI's
Total Oct 29696 30669 -973
Monetary Policy review slated to be tomorrow. Except
2011 YTD 513354 516272 -2927
capital goods and bank, all sectoral indices closed on
MF Activity (`Cr) positive note with IT, auto, oil & gas and FMCG stocks
Date Buy Sell Net were major gainers. Battered-down IT stocks gained
with investors hoping that a stable global economy will
21-Oct 340 395 -54
boost corporate IT spending. Airline stocks also rose
20-Oct 303 490 -187
on hopes the government will approve a plan to allow
Total Oct 7062 7023 38
foreign airlines to buy stakes in Indian carriers. ONGC
2011 YTD 108256 102991 5536 gained 4.1% as the Times of India reports suggested
Volume & Advances / Declines that the company will get a windfall of over `1,300Cr
from the domestically produced natural gas, which is
NSE BSE
priced in dollar due to the rupee touched a 30-month
Trading Volume (`Cr) 9,140 2,026
low against the US dollar. While Polaris Software
Advances 639 1,275
gained 7.9% percent after it raised its revenue outlook
Declines 823 1,538 for FY12 to `20.1-20.6bn from `19.68-20.14bn.
Unchanged 78 113
• Market breadth was however weak at ~0.83x as
Total 1,540 2,926
investors sold small and mid cap stocks. FIIs bought
Global Markets equities worth `1.01bn while domestic institutions sold
Index Latest Values Change (%) equities of `1.58bn.
DJIA 11,913.62 0.9% • Asian markets are mixed today as the investors are
NASDAQ 2,699.44 2.3% cautious ahead European summit on Wednesday on
Nikkei * 8,820.29 -0.3% debt recasting plan. The Nikkei is down while the Hang
Seng is moderately up.
Hang Seng * 18,812.24 0.2%
* as of 8.25AM IST
• Indian markets may open cautious taking cues from
the Asian markets and ahead of RBI's 2nd quarter
Currencies / Commodities Snapshot
monetary policy review meeting today.
Latest Previous
Quote Close Key events today
Indian Rupee per $ 49.66 49.72 • Announcement of monetary policy by the RBI
Indian Rupee per € 69.05 66.79 Economic and Corporate Developments
NYMEX Crude Oil($/bbl) 91.32 91.27
• The RBI said global economic uncertainties and
Gold ($/oz) 1,645.00 1,651.50
weakening industrial output on domestic front are
Silver ($/oz) 31.65 31.64 likely to pull down growth to below 8% in the current
fiscal.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • Sezal Glass is investing around `500Cr for expansion
Previous Current Change in its manufacturing set ups across the country.
Company Name
Close (`) Price (`) (%)
• Birla Corporation is set to increase its cement
Tata Motors 177.95 185.85 4.44
capacity to 15mn tonnes per annum by 2015.
ONGC 265.40 276.25 4.09
Axis Bank 1124.25 1168.70 3.95 • Sourenee Leaves Pvt Ltd, an arm of the Titagarh
Reliance Power 85.10 88.45 3.94 Wagons Group, is planning to make its foray into the
Mundra Port 150.15 156.00 3.90 foreign markets like Europe, Canada, US from next
year with its newly launched packaged Darjeeling
(BSE Mid-Cap) teas.
Previous Current Change
Company Name • GAIL India plans to buy stakes in more shale gas
Close(`) Price(`) (%)
D B Realty 56.05 67.25 19.98
assets in the United States.
Polaris Soft 128.65 138.90 7.97 US markets
Sadbhav Engr 127.60 134.35 5.29 US markets gained overnight, as talk of a bigger bailout
Essar Ports 58.65 61.00 4.01 fund in Europe, an improvement in China
Tulip Telecom 151.15 156.65 3.64 manufacturing data, some US deal announcements,
and strong results from Caterpillar Inc. improved
TOP LOSERS investor sentiment.
(BSE A-Group) The Dow Jones Industrial Average rose 104.83 points, or
Previous Current Change 0.9%, to 11,913.62, led by a 5% rise in Caterpillar, Inc.
Company Name
Close(`) Price(`) (%) The S&P 500 rose 15.94 points, or 1.3%, to 1,254.19,
Union Bank 239.95 212.20 -11.56 led by natural-resource stocks and financials. The
Jain Irrigation 123.65 117.15 -5.26 Nasdaq Composite gained 61.98 points, or 2.4%, to
Oriental Bank 295.95 281.85 -4.76 2,699.44.
Mangalore Ref 63.50 61.00 -3.94
NMDC 239.90 231.25 -3.61
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
AKZO India 888.15 806.00 -9.25
Blue Star 215.75 196.85 -8.76
Clariant Chem 702.65 658.60 -6.27
Jain Irrigation 123.65 117.15 -5.26
Shree Global Trd 259.15 246.20 -5.00
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