1.
India Morning Note
a
Tuesd
day, Septem
mber 11, 201
12
Dom
mestic Markets Snapshot
t V
Views on ma
arkets today
y
• Indian markets end
m ded flat yesterday as investor’s
Nam of Index
me Sept 8 Sept 10 Change (%) sentimen were hit by worries that continu
nts ued delays
Sens
sex 17,749.65 17,766.78
1 0.10% in government fisc cal reforms would con ntribute to
CNX Nifty 5,358.70 5,363.45 0.09% stagnatin growth and prevent the central bank from
ng
BSE Mid-cap 6,142.74 6,159.76 0.28% lowering interest r rates. The flat trading session
BSE IT 5,983.18 5,983.08 0.00% tracked a day of fla to lower markets in Asia after
at
BSE Banks 11,646.45 11,557.31
1 -0.77%
China's e
exports last month grew at a slower pace than
w
forecast while imp ports surpris
singly fell. The data
FII Ac
ctivity (`Cr) comes a after weaker r-than-expec
cted US job data on
bs
Friday. India's econoomy is also stagnating at a time
Date
e Buy Sell Net when hig inflationa pressure is preventin the RBI
gh ary ng
07-Se
ep 2,653 2,137 516 from lowwering interrest rates. Central ban officials
nk
06-Se
ep 1,771 1,634 137 have reppeatedly pusshed the govvernment to take fiscal
consolida
ation steps, but India ha yet to tak decisive
as ke
Total Sept
l 9,873 9,114 761
action. H
However, on a more po
n ositive note, investors
,
2012 YTD
2 432152 368381 63772
are hopeeful the Fede
eral Reserve would reviv its asset
ve
MF A
Activity (`Cr) purchase programm
e me, potential sparking increased
lly
demand for emerging market risk assets.
Date
e Buy Sell Net • Investors are also gr
s rowing cautioous ahead of industrial
08-Se
ep 3 3 0 output d data on W Wednesday, followed by inflation
y
07-Se
ep 749 354 396 numbers on Friday. Both report come ahe
s ts ead of the
Total Sept
l 1,992 2,020 -27 RBI's policy review on Sept. 17.
2012 YTD
2 83679 93140 -9460 • Infosys gained after the com mpany annnounced a
definitive agreement to acquire Lodestone H
e t Holding AG,
Global Markets a leading global ma
g anagement consultancy firm while
c
ONGC ro after its s
ose subsidiary ONGC Videsh said it buy
Index
x Latest Values
t Change (%) US energ firm Hess Corp.'s stak in Azerbai
gy ke ijan's giant
DJIA 13
3,254.29 -0.39% Azeri-Chirag-Gunashli oil field.
NASD
DAQ 3,104.02
3 -1.03%
• Market bbreadth was positive at ~1.16x as investors
s t s
Nikke *
ei 8,796.98
8 -0.82% bought large cap s stocks. On provisional basis, FIIs
Hang Seng *
g 19
9,721.75 -0.53% bought equity of `6
e 6.93bn while domestic i
e institutions
* as of 8.25AM IST
f sold equity of `3.18b in cash se
bn egment.
Curre
ency Snapsh
hot • Asian maarkets droppped sharply today, follow
t wing the US
markets overnight a ahead of key event risks from the
y s
Future contract RBI U.S. and Europe later in the week, and with a weak
d
Latest Previous
expir on
re Reference
R euro hitt
ting exporter stocks in Japan.
r
Quote Close
26/09/12 Rate
• We expe ect a weak opening fo the Indian markets
or
India Rupee per $
an 55.57 55.36 55.34
tracking the global cues.
India Rupee per €
an 70.94 70.70 88.50
Economic and Corporate Developm
a ments
India Rupee per £
an 88.90 88.12 70.74
India Rupee per ¥
an 71.00 70.66 70.71 • Law Min nistry advises granting mining lic
g cences on
existing norms.
* NSE Exchange
• SC to deliver verdict of media gu
uidelines today.
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2.
TOP GAINERS
G Buzzing Stocks
(BSE A-Group) • Max India to sell Max Speciality Films unit to German
o
Previous Current Change co Treof
fan for `540C
Cr.
Company Name
Close(`) Price(`) (%) • Infosys B
BPO Arm McCamish acqu
uires US-bas
sed Marsh
Adan Enter
ni 155.15 169.75 9.41
BPO.
Mana
appuram Fin 35.25 37.15 5.39
• Fulford India revises its open off price from `830 to
s fer m
Muth
hoot Fin 131.05 137.15 4.65
`1000 per share.
Engin
neers India 218.35 228.30 4.56
Pidilite Inds 200.50 208.95 4.21 • Opto Cir
rcuits receive DCGI nod for heart de
es evices
• IRB Infr receives service tax demand n
ra x notice of
(BSE Mid-Cap)
E
`60.46Cr from I-T de
ept.
Previous Current Change
Company Name • Karnatak Bank schedules board meet on Sept 14 to
ka d
Close(`) Price(`) (%)
Jyoth Lab
hy 157.70 170.95 8.40 consider a rights issue.
r
Shree Global Trd 67.45 72.10 6.89 • Cement Co cut price buy 5% fro `340 to `
es om `325.
Mana
appuram Fin 35.25 37.15 5.39 • Anand M
Mahindra connsidering me
erger of IT bu
usinesses
BGR Energy 259.40 272.85 5.19 under Mahindra Saty
yam & Tech Mahindra
Glody
yne Tech 90.60 95.00 4.86
• Sweden’ H&M in talks with Ar
’s rvind & RIL for retail
foray int India.
to
TOP LOSERS
L
• Venture Capitalist S
Srini Raju is willing to invest in
s
(BSE A-Group)
Deccan Chronicle Hooldings at “ri
ight price”.
Previous Current Change
Company Name
Close(`) Price(`) (%)
Relia
ance Comm 50.55 48.80 -3.46
HDIL
L 71.85 69.50 -3.27
IRB Infra 128.65 124.65 -3.11
Hindustan Copp 271.50 263.25 -3.04
Axis Bank 978.50 953.25 -2.58
(BSE Mid-Cap)
E
Previous Current Change
Company Name
Close(`) Price(`) (%)
Tulip Telecom
p 85.55 81.30 -4.97
Natio
onal Fert 78.55 75.50 -3.88
Prism Cement
m 51.85 50.15 -3.28
HDIL
L 71.85 69.50 -3.27
IRB Infra 128.65 124.65 -3.11
Keyno Capitals Research
ote (research
h@keynotecapitals.net) (+9122-3026
66000)

3.
India and Global Economic C
Calendar
Cou
untries / Tuesd
day Wednes
sday Thursda
ay Friday
Reg
gions 11/Se
ep 12/Se
ep 13/Sep
p 14/Sep
p
India Industrial Ou
utput WPI Inflation
W
data
d
Fo
orex Reserve
es
US NFIB Small FOMC Minute
F es In
nitial Jobless Claims Coonsumer Pric ce
Business Optimism
O (S
Sep 8) Index (MoM) a and
(AUG) (Y
YoY)
Preliminary r
P ruling on Producer Price Index Reetail Sales (M
MoM)
US Trade Ba
alance ESM & Fiscal Deficit
E YoY) (Aug)
(Y
30-Year Bondd Industrial Prod
duction
Auction
A (M
MoM)
Global Germany CPI data
G China Producer and
C Euurozone's
mport Prices (MoM)
Im Coonsumer Pricce
UK’s Trade Balance (A
Aug) Index (MoM)
UK Average
U ECB Monthly Report Japan's Industtrial
Japan’s Manpower
J Earnings, Cla
E aimant Prroduction (MoM)
Survey (4Q) Count charge
C e an (YoY)
nd
ECB Consume Price
er Euurozone's
In (Aug)
ndex (MoM) ( Emmployment C Change
(Y
YoY)
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E
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D Mumbai – 40 028
00
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als.com
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o
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