1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Friday, September 2, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Aug 29 Aug 30 Change (%)
• Indian markets continued with the previous day’s
Sensex 16,416.33 16,676.75 1.59%
winning streak and closed on positive note to their
CNX Nifty 4,919.60 5,001.00 1.65%
best close in nearly two weeks on Tuesday, bolstered
BSE Mid-cap 6,184.25 6,273.60 1.44%
by a rally in global equities after US consumer
BSE IT 4,958.90 5,061.83 2.08% spending data eased concerns about the health of the
BSE Banks 10,665.21 10,904.24 2.24% world's largest economy. However, the gains were
FII Activity (`Cr) underpinned by data that showed India's economy
Date Buy Sell Net grew at 7.7% in the June quarter, its weakest pace in
29-Aug 2218 1733 485 six quarters but better than gloomier predictions.
26-Aug 2161 2258 -97 Except FMCG, all sectoral indices closed on positive
Total Aug 46100 56344 -10244 note with metal, real estate, banks and IT stocks were
2011 YTD 429692 431204 -1511
major loser. IT stocks gained for the second straight
day after Federal Reserve Chairman Ben Bernanke
MF Activity (`Cr)
said he is more optimistic about the long-term
Date Buy Sell Net prospects of the US economy even amid challenges
26-Aug 462 513 -51 from the slumping housing market and financial-
25-Aug 571 369 202 market volatility. Real estate stocks also gained on
Total Aug 12144 9997 2147 bargain hunting after recent steep losses triggered by
2011 YTD 91806 86154 5924 worries higher interest rates could dent demand for
Volume & Advances / Declines residential and commercial properties. DLF surged
after the company said it is exploring various strategic
NSE BSE
options including the sale of its holding in the joint
Trading Volume (`Cr) 11,687 2,617
venture company which is undertaking the DLF IT
Advances 1,077 1,841
Park, Noida project.
Declines 387 976
Unchanged 47 127 • Market breadth was strong at ~1.88x as investors
Total 1,511 2,944 bought large cap stocks. Both FIIs and domestic
institutions bought equities worth `6.21bn and
Global Markets
`1.02bn, respectively.
Index Latest Values Change (%)
DJIA 11,493.57 -1.0% • Asian stocks declined today, with losses for technology
NASDAQ 2,546.04 -1.3% firms and resource stocks, as investors showed
Nikkei * 8,960.59 -1.1% caution ahead of key US jobs report out later in the
Hang Seng * 20,329.28 -1.2% day. Both the Hang Seng and the Nikkei are almost 1%
down.
* as of 8.45AM IST
Currencies / Commodities Snapshot • We expect a weak opening for the Indian markets
Latest Previous today after a 2 day's holiday as the Asian markets
Quote Close indicating poor trend. Besides that higher inflation
Indian Rupee per $ 45.65 45.70 may force investors to sell high risk equities.
Indian Rupee per € 65.09 65.11
Economic and Corporate Developments
NYMEX Crude Oil($/bbl) 88.72 88.94
Gold ($/oz) 1,831.20 1,829.10 • Exports jump 81.7% to USD29bn in July 2011.
Silver ($/oz) 40.70 41.12
• Food inflation at 6-month high of 10.05% YoY on
August 20.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS
Buzzing Stocks
(BSE A-Group)
• Corporate 2G Scam: DB Realty to move court against
Previous Current Change
Company Name ED decision to attach property.
Close (`) Price (`) (%)
Manappuram 43.90 50.40 14.81
• Monnet Ispat & Energy, JSW Ispat in team for Afghan
Sesa Goa 213.05 234.10 9.88
mine bid IFCI's move on 17Cr escrowed GTL
PIPAVAVSHIP 67.05 72.70 8.43
Infrastructure shares illegal.
DLF 184.50 196.35 6.42
HCL Tech 390.55 414.50 6.10 • ICICI Bank opens second branch in Singapore.
(BSE Mid-Cap) • Bank of Maharashtra to offload `9,000Cr bulk
Previous Current Change deposits by March 2012.
Company Name
Close(`) Price(`) (%)
State Bank 522.00 602.30 15.38
US markets
Mysre
Manappuram 43.90 50.40 14.81 Oil and gas stocks led a broad market selloff
State Bank Trav 598.75 682.00 13.90 Thursday that swept away modest gains made
State Bank BikJpr 399.40 450.05 12.68 earlier in the session and snapped a four-session
Bajaj Elect-$ 175.45 193.40 10.23 winning streak.
TOP LOSERS Investors kept caution across the equities market
ahead of the Friday U.S. payrolls report. Dow Jones
(BSE A-Group)
Industrial Average dropped by 1%.
Previous Current Change
Company Name
Close(`) Price(`) (%)
Bajaj Finserv 571.85 541.55 -5.30
SKS Microfinance 208.75 198.35 -4.98
ONGC 274.95 263.15 -4.29
IFCI 39.05 37.70 -3.46
Coromandel Intl 315.80 308.40 -2.34
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Simplex Infra 256.20 232.20 -9.37
Bajaj Finserv 571.85 541.55 -5.30
SKS Microfinance 208.75 198.35 -4.98
IFCI 39.05 37.70 -3.46
EDELWEISS 29.65 28.85 -2.70
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