1.
India Morning Note
a
Friday Septembe 07, 2012
y, er
Dom
mestic Markets Snapshot
t V
Views on ma
arkets today
y
Nam of Index
me Sept 5 Sept 6 Change (%) • Indian mmarkets edg ged higher yesterday in choppy
trade as world stocks rose on hoopes that the European
e
Sens
sex 17,313.34 17,346.27
1 0.19%
Central Bank (ECB) will anno ounce a bo ond-market
CNX Nifty 5,225.70 5,238.40 0.24%
tion at its po
intervent olicy meeting later in the day. ECB
g e
BSE Mid-cap 6,023.53 6,042.31 0.31% chairman Mario Drag is set to unveil his pl
n ghi lan later in
BSE IT 5,726.24 5,872.21 2.55% the day to save the euro. European stocks a also edged
BSE Banks 11,292.73 11,351.88
1 0.52% higher in anticipation of the ECB action, but fears of
n B's
a disappointment we eighed.
FII Ac
ctivity (`Cr)
• Technoloogy shares ggained ahead of a crucia meeting
al
Date
e Buy Sell Net of the European Ce
E entral Bank. IT services providers
s
05-Se
ep 2,150 2,297 -148 such as Infosys, whhich draw ab bout three q quarters of
their revenue from th U.S and E
he Europe, led tthe gainers
04-Se
ep 1,634 1,332 302
on hopes of improve spending environment after ECB
s ed t
Total Sept
l 5,450 5,342 108
easing. PSU OMCs g
P gained for th 3rd straig day on
he ght
2012 YTD
2 427729 364609 63119 reports the governm
t ment plans to raise fuel p
o prices after
MF A
Activity (`Cr) the mon nsoon parliamment session ends on S September
7. SBI roose 1.3% af fter the ban slashed its deposit
nk
Date
e Buy Sell Net rates between 50-10 basis points across maturities,
00
effective Friday. Mac
e cquarie has upgraded Ye Bank to
es
05-Se
ep 352 556 -203
'outperfo
orm' from 'nneutral' and raised its ta
arget price
04-Se
ep 290 354 -64
to 415 rupees from 380 rupees, saying current levels
Total Sept
l 921 1,341 -419 "offers good opportu
unity to accumulate."
2012 YTD
2 82608 92461 -9852
• Titan Ind pped on concerns that record high
dustries drop
Global Markets gold pric will adve
ce ersely affect sales grow
t wth of the
company y's jewellerry division. ITC fell 2.7% on
Index
x Latest Values
t Change (%) concerns that India m
s may follow tthe rest of th world in
he
DJIA 13
3,292.00 1.87% adopting anti-smokin regulation
g ng ns.
NASD
DAQ 3,135.81
3 2.17% • Market bbreadth was positive at ~1.08x as investors
s t s
Nikke *
ei 8,832.55
8 1.75% bought large cap s stocks. On provisional basis, FIIs
Hang Seng *
g 19
9,568.91 1.87% bought equity of `1
e 1.66bn while domestic i
e institutions
* as of 8.25AM IST
f
sold equity of `0.34b in cash se
bn egment.
Curre
ency Snapsh
hot • Asia sha
ares rose shharply after the Europea Central
an
Bank unvveils a bond buying plan to stabilize markets.
d e
Future contract RBI Japan ex
xporters get e
extra boost f
from falling y
yen.
Latest Previous
expir on
re Reference
R
Quote Close • We expe a positiv opening f
ect ve for the India markets
an
29/08/12 Rate
India Rupee per $
an 55.88 56.14 55.97 following the cues from the Asian markets and a boost
g
that is ex
xpected to g from ECB move.
get B's
India Rupee per €
an 70.42 70.37 89.02
India Rupee per £
an 88.80 89.11 70.61 Economic and Corporate Developm
a ments
India Rupee per ¥
an 71.15 71.56 71.39 • The mas ssive bond bbuying programme announced by
* NSE Exchange the ECB today cou
B uld boost ccapital flows into the
s
country and help c cover the huge curren account
h nt
deficit, R
RBI's KC Chak
krabarty said
d.
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2.
TOP GAINERS
G Buzzing Stocks
(BSE A-Group) • NALCO to sell 1 12.15% stake, Department of
Previous Current Change divestment invites m
merchant ban
nkers.
Company Name
Close(`) Price(`) (%) • Tribunal issues IOC, HPCL, BPC notice for alleged
CL
Torre Power
ent 163.80 179.95 9.86
cartelisa
ation on RIL, Essar Oil's p
plea.
Ambuja Cements 180.40 188.60 4.55
• From 2G Conference MTNL not to participa in 2G
G e: t ate
Wipro 361.50 377.50 4.43
spectrum auction.
m
Cummins India 446.70 465.50 4.21
Infos
sys 2338.45 2422.20 3.58 • Exide steps up effor to acquire ING’s 26% stake in
rts %
insuranc JV.
ce
(BSE Mid-Cap)
E
• Mitsui, S
Sanyo buy 49% in Mahindra Ugin
ne’s steel
Previous Current Change business for `218Cr.
s .
Company Name
Close(`) Price(`) (%)
HATH
HWAY CAB 198.55 212.95 7.25
Prest
tige Estates 112.65 119.85 6.39
Prism Cement
m 50.45 53.05 5.15
Wock
khardt 1216.35 1277.15 5.00
Glody
yne Tech 78.30 82.20 4.98
TOP LOSERS
L
(BSE A-Group)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Gujarat State Pet 78.10 74.60 -4.48
BHEL
L 208.00 201.35 -3.20
Central Bank 65.95 63.95 -3.03
ITC 268.00 260.80 -2.69
India
abulls Fin 196.15 190.95 -2.65
(BSE Mid-Cap)
E
Previous Current Change
Company Name
Close(`) Price(`) (%)
Resp
ponsive Inds 93.60 89.10 -4.81
Chen
nnai Petro 127.05 121.25 -4.57
Gujarat State Pet 78.10 74.60 -4.48
HT Media
M 89.35 85.90 -3.86
Elant Beck
tas 1516.65 1461.10 -3.66
Keyno Capitals Research
ote (research
h@keynotecapitals.net) (+9122-3026
66000)

3.
India and Global Economic C
Calendar
Cou
untries / Frida
ay Monda
ay Tuesda
ay Wednesday
Reg
gions 7/Se
ep 10/Se
ep 11/Sep
p 12/Sep
p
India Forex Reserves Data Industrial Outp
put
daata
US Average Hou urly FO
OMC Minutes
s
Earnings (Yo
oY); NFIB
N Small
Average We eekly Business Op
B ptimism
Hours (A
AUG)
Nonfarms Pa ayrolls; Pr
reliminary ru
uling on
Unemployment Rate US Trade Bal
U lance ES & Fiscal D
SM Deficit
Global Japan Coinci
J ident China Export Import
C t Ge
ermany CPI d
data
Index; Leadiing data
d
Economic Inndex UK’s Trade B
U Balance
UK Industria
al Japan Consum
mer UK Average
K
Production (YoY & Confidence
C Ea
arnings, Claimant
MoM); Co
ount charge
Manufacturing
Production (YoY & Ja
apan’s Manpower
MoM) Survey (4Q)
S
UK Producer Price
r UK Housing P
U Price
Index - Input (YoY &
t Balance
B
MoM); Produucer
Price Index - Output
(YoY & MoM)
Germany Ind dustrial
Production (YoY &
MoM); Trade Balance
e
s.a
Germany Ex xports &
Import (MoMM)
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E
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00
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