1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Wednesday, September 14, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Sept 12 Sept 13 Change (%) • Indian markets extended losing streak for third
Sensex 16,501.74 16,467.44 -0.21% consecutive session amid volatility and closed on flat
to negative note yesterday as concerns of weak global
CNX Nifty 4,946.80 4,940.95 -0.12%
economic condition and negative European markets
BSE Mid-cap 6,317.28 6,319.25 0.03%
on worries that the region's debt woes could snowball
BSE IT 4,788.48 4,833.13 0.93% into another banking crisis dampened investors’
BSE Banks 10,756.24 10,708.39 -0.44% sentiment. The downward movement was mainly led
FII Activity (`Cr) by selling pressure in auto, pharma, consumer
durables and banks stocks while IT, oil & gas, metal
Date Buy Sell Net and power stocks witnessed some buying activities
12-Sep 1645 2424 -779 which gave some support to the markets. IT stocks,
9-Sep 2460 2679 -219 which were beaten down in recent weeks, climbed
Total Sept 20804 19440 1364 after the rupee weakened to its lowest level in more
2011 YTD 453510 452945 556 than 15 months, raising the prospect of higher forex
earnings. Howevern bank stocks gave up early gains
MF Activity (`Cr) that were spurred by talk the central bank would
Date Buy Sell Net pause its 18-month long monetary policy tightening
12-Sep 344 438 -94 after one more rate rise this week. DLF rose 2.3% after
9-Sep 553 582 -29 the report that the company may raise as much as
`40bn from sale of a key Mumbai land plot. Edible oil
Total Sept 3149 4034 -885
maker KS Oils rose 10% after media reports the
2011 YTD 96323 91206 5389
company was in talks to sell part or all of its
Volume & Advances / Declines businesses.
NSE BSE • Market breadth was flat at ~1.01x. FIIs sold equities
Trading Volume (`Cr) 9,833 2,276 worth `486.41Cr while domestic institutions bought
Advances 738 1,397 equities of `121.19Cr.
Declines 732 1,395 • Asian markets are moderately lower today after a
Unchanged 56 136 positive opening as the investors ignored positive cues
from the US markets booked profits amid the worries
Total 1,526 2,928
regarding European debt.
Global Markets
• We expect a flat opening for the Indian markets today
Index Latest Values Change (%) as the cues from the Asian markets are flat but
DJIA 11,105.85 0.4% negative biased. Further, monthly inflation data may
NASDAQ 2,532.15 1.5% keep markets cautious today.
Nikkei * 8,599.74 -0.2% Key events today
Hang Seng * 19,101.94 0.4% • Announcement of monthly Inflation data for August
* as of 8.45AM IST Economic and Corporate Developments
Currencies / Commodities Snapshot • Firm crude & weaker rupee means more losses for
Latest Previous OMCs; jet fuel also set to rise, stressing airline
Quote Close finances. After a gap of four months, oil marketing
Indian Rupee per $ 47.57 47.48 companies are looking for an increase in petrol prices,
Indian Rupee per € 64.98 64.98 with under-recovery on the fuel set to rise to `3.40 a
NYMEX Crude Oil($/bbl) 89.39 90.21 litre later this week from `1 at present. The OMCs are
Gold ($/oz) 1,841.10 1,826.80
also expected to increase the price of aviation turbine
fuel (ATF) by around `1,250 a kilolitre from the current
Silver ($/oz) 41.17 41.12
`56,260 a kilolitre in Delhi.
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) • Jet Airways is pushing web sales to increase its
Previous Current Change revenue and cut distribution costs. The airline is
Company Name
Close (`) Price (`) (%) selling 100,000 seats at a discount to drive this
Cairn India 272.90 288.60 5.75 strategy.
Shree Cement 1576.20 1660.00 5.32 • Sree Sakthi Paper Mills Ltd (SSPML) has said its
SKS Microfinance 272.20 285.35 4.83 `20Cr expansion programme is nearing completion,
IRB Infra 156.35 162.20 3.74 and is accruing benefits.
Glaxosmithklm 2290.25 2369.95 3.48 • United Breweries Ltd (UBL) will manufacture global
beer brand Heineken in India and increase its
(BSE Mid-Cap)
distribution in the country.
Previous Current Change
Company Name • One of the government’s top law officers has
Close(`) Price(`) (%)
Spicejet 24.00 25.45 6.04 advised that the petroleum ministry should make the
costs that Reliance Industries Ltd (RIL) can recover
Madras Cements 91.95 97.20 5.71
from its lucrative block in the Krishna-Godavari (KG)
Shree Cement 1576.20 1660.00 5.32 basin dependent on capacity utilization, thus
Aventis Pharma 2181.35 2294.00 5.16 protecting the exchequer’s share of future revenue
SKS Microfinance 272.20 285.35 4.83 from the sale of gas and oil from the area.
• The ministry’s action comes after RIL wasn’t able to
TOP LOSERS achieve projected capacity utilization in the KG-
(BSE A-Group) DWN-98-3 block, even though the company had
already recovered most of the costs associated; it
Previous Current Change
Company Name had invested $5.69bn (`26,800Cr to-day) in the
Close(`) Price(`) (%)
Tata Motors 146.40 139.65 -4.61
block as on 31 March and recovered $5.26bn of this.
The government’s share of profits is calculated after
Zee Entert 118.25 113.60 -3.93
deduction of costs by the company.
United Brew 409.80 395.20 -3.56
US markets
GVK Power 17.15 16.55 -3.50
PIPAVAVSHIP 91.00 88.00 -3.30 Rebound in the European banks after their denial of
concerns over the liquidity and optimistic talks of
(BSE Mid-Cap) German Chancellor Angela Merkel regarding Finland
Previous Current Change helped US stocks to climb. The rally was driven by
Company Name
Close(`) Price(`) (%) mostly technology stocks. After rising nearly 80
KGN Inds 26.55 25.25 -4.90 points and falling 74 points, the Dow Jones Industrial
GTL 72.05 68.75 -4.58 Average ended higher by 44.73 points, or 0.4%, to
Shriram City Uni 553.95 529.90 -4.34
11,105.85. Twenty-three of 30 Dow components
Tata
rose, led by General Electric Co. shares, which rose
18.40 17.70 -3.80
Teleservices 2.7%.
GVK Power 17.15 16.55 -3.50
The S&P 500 Index gained 10.6 points, or 0.9%, to
1,172.87, with industrials leading gains among all 10
industry groups. The Nasdaq Composite Index added
37.06 points, or 1.5%, to 2,532.15.
Markets also cheered on the data of US import prices
which fell 0.4% in August, mainly on lower energy
costs along with a decline in prices for food and
materials.
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.