1.
India Morning Note
a
Wedn
nesday, Sept
tember 12, 2012
Dom
mestic Markets Snapshot
t V
Views on ma
arkets today
y
• Indian sh
hares rose fo a fifth con
or nsecutive session to a
Nam of Index
me Sept 10 Sept 11 Change (%)
three-weeek closing high on ris sing hopes for fiscal
Sens
sex 17,766.78 17,852.95
1 0.49%
reforms after Oil Miinister S. Jai
ipal Reddy said India
CNX Nifty 5,363.45 5,390.00 0.50% will have to hike the price of he
e e eavily subsiddised fuels
BSE Mid-cap 6,159.76 6,176.30 0.27% such as diesel in the near te erm. State-oowned oil
BSE IT 5,983.08 6,036.02 0.88% marketin companie such as Hindustan P
ng es Petroleum
BSE Banks 11,557.31 11,624.57
1 0.58% Corp we ere among t the day's leeading gaine ers, while
financial firms such as ICICI Baank also adv vanced on
FII Ac
ctivity (`Cr) hopes fisscal reforms would spur the centra bank to
s al
Date
e Buy Sell Net cut inter
rest rates. D
Despite being disappoint
g ted in the
past, inv
vestors remain hopeful the govern nment will
10-Se
ep 2,032 1,305 727
soon announce fiscal reforms given India is under
7-Sep
p 2,653 2,137 516
threat o being dow
of wngraded in nto a sub-innvestment
Total Sept
l 11905 10418 1487 grade ratings by Standard & Poo or's and Fitch Ratings.
h
2012 YTD
2 434184 369685 64499 • Infosys rose after t the compan said its BPO firm,
ny
McCamis Systems has increase its presen
sh ed nce in the
MF A
Activity (`Cr) USA, an in the V
nd Voluntary GGroup Life Insurance
Business Panacea B
s. Biotec Ltd suurged 20%, hitting its
Date
e Buy Sell Net
maximum daily limit for a secon day, after saying it
m t nd r
10-Se
ep 275 428 -153
would jointly deve elop with U U.S.-based Osmotica
7-Sep
p 749 354 395 Pharmac ceutical Corp at least 18 branded an generic
p nd
Total Sept
l 2193 2413 -219 drugs. However, sha ares in Sterlite Industries dropped
s
2012 YTD
2 83880 93533 -9652 4.6% wh hile Sesa Go fell 6.2% after India's western
oa
Goa stat temporarily suspende all mining activities
te ed
Global Markets starting on Tuesday Hero Mot
y. toCorp fell 1.21% on
worries the two-wh heeler make will hav to cut
er ve
Index
x Latest Values
t Change (%) productio after an industry re
on eport on Mon nday said
DJIA 13
3,323.36 0.52% sales fell 11.9% in Au
l ugust.
NASD
DAQ 3,104.53
3 0.02% • Market breadth was positive at ~1.25x as investors
b s t
Nikke *
ei 8,935.53
8 1.46% bought large cap s stocks. On p
provisional b
basis, FIIs
Hang Seng *
g 20
0,058.44 1.01% bought eequity of `4.24bn while domestic innstitutions
sold equity of `3.66b in cash se
bn egment.
* as of 8.25AM IST
f
• Asian st
tocks rise as gains o on US mar rkets and
Curre
ency Snapsh
hot commennts from China's prem mier help s sentiment
ahead of key events due out of Europe and t
f E the U.S.
Future contract RBI
Latest Previous • We expe a positive opening fo the Indian markets
ect or n
expir on
re Reference
R
Quote Close today, foollowing the cues from the Asian markets.
e m
29/08/12 Rate
India Rupee per $
an 55.47 55.57 55.52 However the tradin can be v
r, ng volatile ahea of the
ad
industria production data.
al n
India Rupee per €
an 70.88 70.94 88.85
India Rupee per £
an 88.87 88.90 70.85
Economic and Corporate Developm
a ments
• RBI on Tuesday e enhanced thhe limit of external
India Rupee per ¥
an 71.04 71.00 70.99
commerc cial borrowings by any individual company.
* NSE Exchange Currently a compan is allowed to raise 50 of the
y, ny d 0%
average annual expo earnings during the s
ort same time
mentione above.
ed
• Govt clea 21 FDI pr
ars roposals wor `2,410Cr
rth r.
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2.
TOP GAINERS
G Buzzing Stocks
(BSE A-Group) • Himadri Chemicals to divest pa
artly or fully its non-
y
Previous Current Change core car
rbon black bu
usiness.
Company Name
Close(`) Price(`) (%) • Deccan Chronicle Holdings (D DCHL) board passes
d
Muth
hoot Fin 137.15 151.65 10.57
resolutio to restruc
on cture debt via CDR route.
a
Opto Circuits
o 129.60 139.65 7.75
• Deccan Chronicle plledges its 4 trademarks (Deccan
s
Unite
ech 18.60 19.90 6.99
Chronicle, The Asi ian Age, Andhra Bhoomi and
A
Relia
ance Comm 48.80 51.55 5.64
Financia Chronicle) to IDBI for `250Cr loan.
al
Adan Enter
ni 169.75 178.80 5.33
• IFCI planning to redeem `400C bonds to prevent
Cr o
(BSE Mid-Cap)
E governm ment from cconverting the debentu
t ures into
Previous Current Change equity.
Company Name
Close(`) Price(`) (%)
• Reliance Infrastructu equity in Delhi Airpo Metro
e ure n ort
CMC 996.50 1112.25 11.62
near zer company transfers 65 stake to t
ro, 5% trust.
Muth
hoot Fin 137.15 151.65 10.57
Sun P
Pharma Adv 74.25 81.90 10.30 • Piramal Healthcare in race to acquire TP
PG’s 20%
stake in Shriram Tra
ansport.
Frese
enius Kabi 88.50 96.40 8.93
Opto Circuits
o 129.60 139.65 7.75 • Earth Wa
ater to buy W
Wipro ’s water business f `50Cr
for
• Two city developers move to co
y s ourt against GTL over
TOP LOSERS
L Mumbai land deal (Company had ear
y rlier sold
(BSE A-Group) Mumbai plot to Seth developers for `543Cr)
Previous Current Change • SEBI ba ars Almondz Global fro
z om taking u public
up
Company Name
Close(`) Price(`) (%) offers.
Sesa Goa 169.65 159.80 -5.81
• UB group senior offi
icial says the company c
e could sell
Unite Brew
ed 599.20 570.60 -4.77 Whyte a
and Mackay c completely.
Sterlite Inds 98.30 93.95 -4.43
• Dr Red ddy's Labs (DRL) la aunches Meetroprolol
Jinda Steel
al 344.60 333.80 -3.13
Succinat ER tablets in US mark on Septem
te s ket mber 11.
Panta
aloon Retl 149.00 144.60 -2.95
• Steel M
Ministry says RINL IPO may be filed by
O
(BSE Mid-Cap)
E Septemb
ber-end.
Previous Current Change
Company Name
Close(`) Price(`) (%)
Karnataka Bank 83.90 79.40 -5.36
Tulip Telecom
p 81.30 77.25 -4.98
Jinda Stainless
al 75.55 72.40 -4.17
Info E
Edge India 338.85 325.50 -3.94
Jyoth Lab
hy 170.95 164.60 -3.71
Keyno Capitals Research
ote (research
h@keynotecapitals.net) (+9122-3026
66000)

3.
India and Global Economic C
Calendar
Cou
untries / Wednes
sday Thursd
day Friday
y Monday
y
Reg
gions 12/Se
ep 13/Se
ep 14/Sep
p 17/Sep
p
Industrial Ou
utput WPI Inflation
W
India
a
data
Forex Reserves
FOMC Minut
tes Initial Jobless Claims
s Consumer Pri
C ice NY Empire Sta
Y ate
US (Sep 8)
( In
ndex (MoM) a and Manufacturing Index
g
(Y
YoY) Sep)
(S
Preliminary ruling on Producer Pric Index
P ce Retail Sales (MoM)
R
ESM & Fiscal Deficit (YoY) (Aug)
(
30-Year Bond
3 d In
ndustrial Production
Auction
A (M
MoM)
Germany CP data
PI China Produc and
C cer Eurozone's EU Global Trade
UR
Glob
bal Import Prices (MoM)
s Consumer Pri
C ice Ba
alance (Jul)
(Aug)
( In
ndex (MoM)
UK Average ECB Monthly Report
E y Ja
apan's Industrial
Earnings, Claimant Production (M
MoM)
Count chargge and (YoY)
ECB Consum Price
E mer Eurozone's
Index (MoM) (Aug) Employment Change
(Y
YoY)
GBP 10-y Bond
G
Auction
A
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