1.
India Morning Note
a
Tuesd
day, Septem
mber 04, 201
12
Dom
mestic Markets Snapshot
t V
Views on ma
arkets today
y
• Indian mmarkets declined to lowe closing levels in a
est
Nam of Index
me Aug 31 Sept 3 Change (%) month as investors w were concerrned by the latest data
Sens
sex 17,429.56 17,384.40
1 -0.26% showing growth in m manufacturing sector easing to a
CNX Nifty 5,258.50 5,253.75 -0.09% nine-mon nth low in August 2012 while investors
n 2
BSE Mid-cap 6,005.02 6,010.62 0.09% discounted deferment of propos sed anti-tax avoidance
BSE IT 5,741.96 5,734.37 -0.13% rules, choosing to concentrate on macroeconomic
e
BSE Banks 11,515.94 11,441.51
1 -0.65%
woes lik the fiscal and trade deficits. Ind
ke dia's fiscal
deficit during the April-July p
d period rose to `2.64
FII Ac
ctivity (`Cr) ($47.5bn or 51.5% of the full fiscal year 2012/13.
n) % l r
Export d data also s showed that annual ex
t xports fell
Date
e Buy Sell Net 14.8% to $22.4bn i July, leav
o in ving a trade deficit of
e
31-Aug 3,126 3,272 -146 $15.5bn, the trade ministry said in a state
, ement. The
30-Aug 5,196 2,694 2501 market was more w worried on much-await ted reform
measure as the political gridlock continued to weigh
es d
Total Aug
l 48308 38579 9729
at a tim of rising risk of a so
me overeign credit ratings
2012 YTD
2 422278 359249 63029
downgra ade. Morgan Stanley also cut India's economic
o s
MF A
Activity (`Cr) growth f forecast to 5
5.1% for the 2012/13 f
e fiscal year,
citing weeak external demand, lo private investment
ow
Date
e Buy Sell Net and poo governme
or ent finances However, European
s.
31-Aug 314 372 -58 stock markets rose on Monday after wea Chinese
y ak
manufac cturing data spurred hopes of additional
a
30-Aug 1,099 783 315
monetary easing me easures in the country.
Total Aug
l 9747 11211 -1463
• Banking shares co ontinued Friday's slide after a
e,
2012 YTD
2 81716 90994 -9278
stronger-than-expect ted GDP daashed hopes for rate
Global Markets cuts. Auugust auto sales witne essed a br road-based
slowdowwn, with no one of the reported companies
Index
x Latest Values
t Change (%) throwing a positive s
g surprise.
DJIA 13
3,090.84 0.69% • Market b
breadth was flat at ~1.02 as investors bought
2x
NASD
DAQ 3,066.96
3 0.60% large cap stocks. On provisiona basis, bot FIIs and
al th
Nikke *
ei 8,805.26
8 -0.39% domestic institutions sold equiti
c s ies worth `0
0.55bn and
Hang Seng *
g 19
9,543.85 0.31% `1.61bn, respectively in cash seg
y gment.
* as of 8.25AM IST
f • Asian s stocks dropped after investors awaited
r s
importan events this week, i
nt including a European
Curre
ency Snapsh
hot
Central B
Bank meetin on Thursd
ng day, while a weak U.S.
Future contract RBI
non-farm payroll rep
m port on Friday could sign another
nal
Latest Previous round of asset purch
hases by the Federal Reserve.
expir on
re Reference
R
Quote Close
29/08/12 Rate • We expe ect a weak opening fo the Indian markets
or
India Rupee per $
an 55.70 55.93 55.45 following the cues from the Asian markets and rising
g
India Rupee per €
an 70.00 69.95 87.98 global poolitical instab
bility after Ir
ran's warning to Israel
gs
India Rupee per £
an 88.39 88.26 69.70 took toll on the crude oil prices.
e
India Rupee per ¥
an 71.11 71.18 70.83 Economic and Corporate Developm
a ments
* NSE Exchange • Moody's Investors S Service has changed to negative
o
from staable its outlook on the Aaa long-te
erm issuer
rating of the Europea Union (EU
f an U).
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ote (research h@keynotecapitals.net) (+9122-3026 66000)
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ote Research is also available on
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2.
TOP GAINERS
G Buzzing Stocks
(BSE A-Group)
• Tech Ma ahindra set to buyout Indian BPO arm of
O
Previous Current Change hutch fo $100mn.
or
Company Name
Close(`) Price(`) (%)
Aurobindo Phar 110.70 118.20 6.78 • Piramal Healthcare looking t
e to acquire contract
Exide Inds
e 131.10 138.10 5.34 research and manu
h business of Ind-Swift
ufacturing b
Muth
hoot Fin 124.60 130.85 5.02 facilities for `1000Cr
s r.
Rash
htriya Chem 50.90 53.45 5.01 • United S ake sale in Whyte &
Spirits close to 49% sta
Cham
mbal Fert 65.05 67.80 4.23 Mackay.
(BSE Mid-Cap)
E • Sun group enters raace to acquuire Deccan Chargers
Previous Current Change (part of Deccan Chro
onicle (DCHL
L)).
Company Name
Close(`) Price(`) (%)
• Blue Dart promoters express to cut stake in Indian
o
Bajaj Corp
j 177.70 190.00 6.92
eans compan not lookin for delisting, stock
arm (me ny ng
Aurobindo Phar 110.70 118.20 6.78
was dow 3% yeste
wn erday); curre
ent promote holding
er
S Mo
obility 37.95 40.00 5.40 81%.
Shree Renuk Sug 30.30 31.85 5.12
Muth
hoot Fin 124.60 130.85 5.02
• Power GGrid approve `1935Cr investment in South
ed
region grid.
TOP LOSERS
L • Jain Irrig
gation board meets toda to conside raising
ay er
(BSE A-Group) of aroun $200mn.
nd
Previous Current Change • Ashok Leyland’s total sales for the month o August
of
Company Name
Close(`) Price(`) (%) 2012 wa up 30% at 9,432 units YoY.
as t s
Piram Health
mal 488.35 457.15 -6.39
IFCI 26.10 24.85 -4.79
JSW Steel
S 695.25 669.90 -3.65
Divis Lab
s 1154.10 1116.20 -3.28
Opto Circuits
o 123.75 119.70 -3.27
(BSE Mid-Cap)
E
Previous Current Change
Company Name
Close(`) Price(`) (%)
Resp
ponsive Inds 93.40 82.90 -11.24
JUBIL
LANT 194.20 179.05 -7.80
TVS Motor 39.15 36.60 -6.51
Tulip Telecom
p 93.55 88.90 -4.97
IFCI 26.10 24.85 -4.79
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 4/Se
ep 5/Sep
p 6/Sep
p 7/Sep
India M3 Money Su
M upply Fo
orex Reserve Data
es
US Construction
n MBA Mortgag
M ge Challenger Job Cuts
C Av
verage Hourly
Spending (M
MoM) Applications
A (Y
YoY) Ea
arnings (YoY);
Av
verage Week kly
Ho
ours
Markit In
nitial and onfarms Pay
No yrolls;
Manufacturing PMI Continuing Jobless
C Un
nemploymen Rate
nt
Claims
C
Total Vehicle Sales
e IS Non-
SM
Manufacturing PMI
M
Global UK's PMI UK's Markit S
U Services Eurozone's Gross Japan Coincide ent
n
Construction PMI
P Domestic Product
D Index; Leading g
s.a. (QoQ) and (YoY) Ecconomic Inde ex
Germany's M
G Markit UK's BoE Inte
U erest UK Industrial
K
Services PMI
S Rate Decision
R n Prroduction (Yo &
oY
MoM);
Manufacturing g
Prroduction (Yo &
oY
MoM)
Eurozone's ECCB UK Producer P
K Price
In
nterest Rate Index - Input ((YoY &
Decision
D MoM); Produce er
Prrice Index - O
Output
(Y
YoY & MoM)
KEYNOTE CAPITALS LTD.
E
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, S apat Marg, Dadar (W), M
D Mumbai – 40 028
00
Tel. : +912
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0 • www.ke
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als.com
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o
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