1.
India Morning Note
a
Wedn
nesday, Sept
tember 05, 2012
Dom
mestic Markets Snapshot
t V
Views on ma
arkets today
y
• Indian markets reco
m ouped early losses to e end higher
Nam of Index
me Sept 3 Sept 4 Change (%) yesterda snapping a two-day fall, led by a recovery
ay,
Sens
sex 17,384.40 17,440.87
1 0.32% in blue-c
chip shares wwhile bank sshares such gained on
CNX Nifty 5,253.75 5,274.00 0.39% hopes of governm ment capit tal infusionn. Market
BSE Mid-cap 6,010.62 6,042.41 0.53% sentimen also got a boost after a panel appointed by
nt r
BSE IT 5,734.37 5,731.64 -0.05% the goveernment to review the p proposed Ge eneral Anti
BSE Banks 11,441.51 11,501.58
1 0.53%
Avoidanc Rules (G
ce GAAR) recom mmended in a report
n
submitte to the go
ed overnment o 1 Septem
on mber 2012
FII Ac
ctivity (`Cr) that the governmen should abolish the tax on gains
nt x
arising from transfer of listed se
r ecurities, ap
pplicable to
Date
e Buy Sell Net both resiidents as we as non-res
ell sidents.
03-Se
ep 1,666 1,713 -47 • Banking shares led the gains after RBI Go
a overnor D.
31-Aug 3,126 3,272 -146 Subbarao said the government needs to i
o t infuse 900
Total Sept
l 1,666 1,713 -47 billion ru
upees into sta
ate-run bank to maintain majority
ks
2012 YTD
2 423944 360962 62982 shareholding under Basel III regulations. Goldman
Sachs al lso upgraded Indian ba anks to "neuutral" from
MF A
Activity (`Cr) "cautious citing favorable risk/r
s" reward in pu
ublic sector
bank sto ock prices, a the gap between st
as tate-owned
Date
e Buy Sell Net and priv vate banks widens to a 10-year high. Oil
03-Se
ep 281 431 -150 marketers rose on re eports that government may raise
g
31-Aug 314 372 -58 diesel prices by `4 4-5 per litre after the monsoon
e, e
Total Sept
l 281 431 -150 parliame ent session ends on S Sept. 7 as oil firms'
revenue loss has soa ared to almo half the r
ost retail price.
2012 YTD
2 81997 91425 -9429
Tech Ma ahindra Ltd rose 1.31% after it h
%, has bought
Global Markets Hutchiso on Whampo oa Ltd's ba ack-office call center
business in the country for $87.1
s 1mn.
Index
x Latest Values
t Change (%) • Market bbreadth was positive at ~1.28x as investors
s t s
DJIA 13
3,035.94 -0.42% bought large cap s stocks. On provisional basis, FIIs
NASD
DAQ 3,075.06
3 0.26% bought equity of `3
e 3.04bn while domestic i
e institutions
Nikke *
ei 8,702.34
8 -0.83% sold equity of `1.06b in cash se
bn egment.
Hang Seng *
g 19
9,226.95 -1.04% • Asian m
markets declined shar rply, after softening
* as of 8.25AM IST
f commoddity prices an fall in US markets ove
nd ernight.
Curre
ency Snapsh
hot • We expe Indian ma
ect arkets to ope gap down following
en n,
the rising concerns in the global economies and fall in
g l
Future contract RBI the Asian markets to
n oday.
Latest Previous
expir on
re Reference
R Economic and Corporate Developm
a ments
Quote Close
29/08/12 Rate
India Rupee per $
an 55.81 55.70 55.54
• SBI Chaairman Pratip Chaudhuri expects 100 basis
points ca
ash reserve ratio (CRR) cut by the RBI in its
) e
India Rupee per €
an 70.25 70.00 88.23
Septemb 17 policy meet.
ber y
India Rupee per £
an 88.55 88.39 70.02
• The oil m
ministry is ppreparing a Cabinet noote on fuel
India Rupee per ¥
an 71.16 71.11 70.85
price hik
ke. An incr rease in peetrol, diesel, domestic
* NSE Exchange cooking gas (LPG G) and kerosene pric ces looks
"imminent" after the Finance M
e Ministry said it has no
money to provide for fuel subsidy.
o r
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ote (research h@keynotecapitals.net) (+9122-3026 66000)
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2.
TOP GAINERS
G Buzzing Stocks
(BSE A-Group) • STAR Ind ready to sell 26% Balaji Telefilms stake to
dia s
Previous Current Change promoteers.
Company Name
Close(`) Price(`) (%) • IL& FS moves cour over the proposed m
rt merger of
IB Re Est
eal 42.05 45.25 7.61
Satyam Computer w
with Tech Mahindra.
Torre Power
ent 147.30 157.45 6.89
• US based FreightC
Car calls off JV with Titagarh
Opto Circuits
o 119.70 127.85 6.81
Wagons.
Dish TV India 65.95 70.20 6.44
India
abulls Fin 184.85 196.35 6.22 • Shriram City Union Finance to raise `500Cr via
n t
secured NCDs.
(BSE Mid-Cap)
E
• Kavveri Telecom bo
oard meets to consider proposal
Previous Current Change for merger of Kavv
veri Telecom Infrastruct
m ture with
Company Name
Close(`) Price(`) (%)
self.
EID Parry
P 216.60 233.75 7.92
IB Re Est
eal 42.05 45.25 7.61 • Kelkar ppanel says t raise LPG prices by `50 and
to G
Resp
ponsive Inds 82.90 89.15 7.54 diesel pr
rices by `4.
Aban Offshore
n 393.05 422.35 7.45 • CAG say ONGC paid heavily for rig repairs, which it
ys
Opto Circuits
o 119.70 127.85 6.81 had hire from RIL in 2009.
ed n
TOP LOSERS
L
(BSE A-Group)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Astra
azeneca Pha 1858.90 1796.70 -3.35
Castr India
rol 293.90 284.50 -3.20
Bajaj Holdings
j 768.90 751.00 -2.33
Oracle Fin 3031.35 2967.65 -2.10
IDFC 131.90 129.50 -1.82
(BSE Mid-Cap)
E
Previous Current Change
Company Name
Close(`) Price(`) (%)
Blue Dart 1913.40 1683.15 -12.03
Tulip Telecom
p 88.90 84.50 -4.95
Astra
azeneca Pha 1858.90 1796.70 -3.35
Wock
khardt 1219.60 1184.55 -2.87
Blue Star 176.10 171.55 -2.58
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 5/Se
ep 6/Sep
p 7/Sep
p 10/Sep
p
India M3 Money S
Supply Forex Reserves Data
US MBA Mortgage Challenger Jo Cuts
C ob Average Hour
A rly
Applications
s (YoY)
( Earnings (YoY
Y);
Average Wee
A ekly
Hours
H
Initial and Nonfarms Pay
N yrolls;
Continuing Jo
C obless Unemployment Rate
U
Claims
C
ISM Non-
Manufacturin PMI
M ng
Global UK's Markit Services Eurozone's G
E Gross Ja
apan Coinciddent Ch
hina Export I
Import
PMI Domestic Pro
D oduct In
ndex; Leadinng da
ata
s.a. (QoQ) an (YoY)
s nd Economic Ind dex
Germany's Markit
M UK's BoE Inte
U erest UK Industrial
U Japan Consummer
Services PMI Rate Decision
R Production (YYoY & Coonfidence
MoM);
M
Manufacturing
M
Production (YYoY &
MoM)
M
Eurozone's E
E ECB UK Producer P
U Price UK Housing Pr
K rice
Interest Rate
e ndex - Input (YoY &
In Ba
alance
Decision
D MoM); Produc
M cer
Price Index - O
Output
(Y
YoY & MoM)
Germany Indu
G ustrial
Production (YYoY &
MoM); Trade Balance
M
s.a
Germany Exp
G ports &
Im
mport (MoM) )
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E
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, S apat Marg, Dadar (W), M
D Mumbai – 40 028
00
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0 • www.ke
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als.com
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mer: This repo is purely for informatio purpose an is based on public infor
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o
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market related statistical da pertains to the immedia
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make an offer, to bu or sell the s
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on nts ort. t n to