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Daily Newsletter: 13th May, 2011

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Daily Newsletter: 13th May, 2011

  1. 1. May 13, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 12-May 11-May % Change COMMENTARYBSE Sensex 18,336 18,585 (1.34) INDIANSE Nifty 5,486 5,565 (1.42)BSE Midcap 6,844 6,907 (0.91) After getting stuck in a narrow trading range for the past three days, the Indian market resumed its downfall,BSE Smallcap 8,335 8,425 (1.06) notwithstanding a trio of encouraging economic statistics. The sharp sell-off was seen on the back of weakNifty Junior 11,064 11,108 (0.40) global cues and partly owing to anxiety before the results of the state polls on Friday. In fact, market playersCNX Midcap 7,941 8,017 (0.95) also seemed to ignore the drop in crude oil prices and better than expected IIP numbers. Government data showed that Indias industrial production expanded by 7.3% in March as against expectations of 3.5-4%. The Government also revised Februarys IIP growth to 3.7% from a provisional estimate of 3.6% earlier. The BSEGLOBAL MARKETS 12-May 11-May % Change Sensex ended at 18,336, slipping 1.34% while, the NSE Nifty closed at 5,486, losing 1.42%. From the broader markets space, the midcap and the smallcap indices were down around 1% each. Market breadth wasDow Jones Ind (USA) 12,696 12,630 0.52 negative as 1,848 stocks declined and 943 stocks advanced.Nasdaq Composite(USA) 2,863 2,845 0.63S&P 500 (USA) 1,349 1,342 0.49 GLOBAL MARKETSFTSE 100 (UK) 5,945 5,976 (0.52)DAX (Germany) 7,444 7,495 (0.68) US stocks advanced, erasing the second straight decline for the Standard & Poor’s 500 Index, as the dollar fellNikkei 225 (Tokyo) 9,717 9,864 (1.50) and commodities rebounded from an early slump triggered by China’s efforts to curb lending. DJIA closed atHang Seng (Hong Kong) 23,074 23,292 (0.94) 12,696, up 0.52%; Nasdaq closed at 2,863, up 0.63% and S&P closed at 1,349, up 0.49%.Shanghai Comp (China) 2,845 2,884 (1.34)KOSPI (South Korea)* 2,123 2,167 (2.03) Asian stocks have fallen for a second day as Japanese companies reported earnings below expectation and the nation struggles to deal with the consequences of its worst earthquake on record. Nikkei is down 0.25%,STI (Singapore) 3,131 3,177 (1.46) Hang Seng is down 0.20% while Strait Times is up 0.43%.MSCI Emerging Market 445 446 (0.22)MSCI Frontier Market 563 567 (0.71)BOND MARKETS 12-May 11-May Change CORPORATE/ ECONOMY NEWS10yr G-Sec Yield 8.35 8.28 0.07 Anil Ambani group firm Reliance Communications has said that it has drawn a second tranche of Rs1yr G-Sec Yield 7.76 7.76 0.00 1,780 crore ($400 million) from the Rs 8,700 crore ($1.93 billion) loan facility it secured from ChinaLIBOR (6m) 0.46 0.46 0.00 Development Bank.LIBOR (1m) 0.25 0.25 0.00Interbank Call rate 7.4 7.4 0.00 Lupin Ltd has posted a net profit of Rs. 2,437.50 mn for the quarter ended March 31, 2011 whereas the same was at Rs. 1,482.80 mn for the quarter ended March 31, 2010. Total Income is Rs. 12,233.30 mn for the quarter ended March 31, 2011 whereas the same was at Rs. 9,351.80 mn for the quarter ended March 31, 2010. BSE Turnover Rs Cr(000) Sensex 18650 2.8 Hardy Oil and Gas Plc on Wednesday announced that Reliance Industries Ltd. (RIL) has commenced 18600 drilling of the third exploration well on the D9 exploration licence. The exploration well KG-D9-A2 2.7 18550 commenced drilling on 10th May using the Transocean drillship "Dhirubhai Deepwater KG2" in a water 18500 2.6 depth of approximately 2,700 m. 18450 2.5 18400 2.4 Siemens Ltd has posted a net profit of Rs. 2,776.891 mn for the quarter ended March 31, 2011 as 18350 2.3 compared to Rs. 1,810.883 mn for the quarter ended March 31, 2010. Total Income has increased from Rs. 18300 22,260.769 mn for the quarter ended March 31, 2010 to Rs. 31,181.889 mn for the quarter ended March 18250 2.2 31, 2011. 18200 2.1 6-May 9-May 10-May 11-May 12-May The Finance Ministry will take up 42 foreign direct investment (FDI) proposals, including that of BNP Paribas, Tata Steel and PTC India Financial Services, next week. Anglo-Dutch consumer products group Unilever will need four to five years of growth to catch up with rivals such as Procter & Gamble and Nestle. 5580 NSE Turnover Rs Cr(000) Nifty 12 5560 10 Fortis Healthcare (India) said that it has completed acquisition of 74.59% stake in Super Religare 5540 Laboratories (SRL). 8 5520 88.38 #DIV/0! 6 Jubilant Foodworks (JFL) said that it will launch the first Dominos Pizza store in Sri Lanka by next 5500 month as a part of its plan to expand presence outside India. 5480 4 5460 2 State-run MTNL has pruned its losses by 30% to Rs 1,099.5 crore for the fourth quarter ended March 31, 5440 0 2011, and is hoping to return into black soon with the help of new initiatives taken by the PSU. 6-May 9-May 10-May 11-May 12-May Tata Group firm Titan Industries said that its board has sought shareholders approval for issuing bonus shares and split of its existing shares.
  2. 2. May 13, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 12-May 11-May % Change CORPORATE NEWSREALTY 2,153 2,143 0.48% Monnet Ispat & Energy Ltd have reported a marginal 5.6% rise in net profit to Rs 76.5HC 6,065 6,089 -0.40% crore for the fourth quarter ending March 31, 2011.The company had achieved a netCD 6,174 6,201 -0.45% profit of Rs 72.4 crore for the same period in 2009-10.OIL&GAS 9,735 9,798 -0.64% State Bank of India has kick started the process towards merger of all associate banksPSU 8,782 8,864 -0.92% The PSU banking major may seek blanket nod to merge the remaining five associateFMCG 3,716 3,751 -0.94% banks. Sources say SBI may send associate bank’s merger proposal to government byAUTO 9,099 9,190 -0.99% July-end.TECk 3,609 3,646 -0.99%IT 6,007 6,077 -1.16% Hindusthan National Glass Industries Ltd (HNG) said it will acquire Germany-basedPOWER 2,576 2,608 -1.20% Agenda Glas, AG, entailing an investment of 50 million euro (nearly Rs 320 crore) overBANKEX 12,429 12,604 -1.39% the next one year. The acquisition will act as a stepping stone to the companys globalCG 12,521 12,701 -1.42% growth plans and will drive HNGs vision of becoming one of the top 15 global glassMETAL 15,180 15,648 -2.99% packaging companies. Datamatics the global Information Technology (IT) and Knowledge Process Outsourcing (KPO) organization focused on delivering smart, next-generation business solutions has been ranked amongst the top 20 leaders in Financial Services by IAOP in the insurance , banking and markets segment, a sub list of the Global Outsourcing 100 for service providers.BSE Upper Circuit BreakersCompany Name 12-May 11-May % Change Jubilant FoodWorks Ltd has posted a net profit of Rs. 193.276 mn for the quarterSKS Microfinance 360.4 327.6 10.00 ended March 31, 2011 as compared to Rs. 104.040 mn for the quarter ended March 31,SURYAAMBA SPINNING MILLS 79.2 72.0 10.00 2010. Total Income has increased from Rs. 1,241.189 mn for the quarter ended MarchWOMEN NETWORKS 12.7 11.5 10.00 31, 2010 to Rs. 1,946.267 mn for the quarter ended March 31, 2011.FARRY INDUSTRIES 23.2 22.1 5.00 0 Adani Enterprises Ltd has posted a net profit of Rs. 496.80 mn for the quarter endedBRILLIANT SECURITIES 64.2 61.2 5.00 March 31, 2011 as compared to Rs. 573mn for the quarter ended March 31, 2010. Pipe maker Jindal Saw reported 55.5% dip in net profit at Rs 80 crore for the fourth quarter of 2010-11.The company had reported a net profit of Rs 180 crore in the corresponding quarter in 2009-10.BSE Lower Circuit Breakers Drug firm Nectar Lifesciences said that its standalone net profit rose by 19.53% to RsCompany Name 12-May 11-May % Change 31.82 crore for the quarter ended March 31, 2011.The company had posted aBLUE COAST HOTELS & RESORTS 196.7 207.0 (5.00) standalone net profit of Rs 26.62 crore in the corresponding period previous fiscal.R.M. Mohite Industries 178.9 188.3 (5.00) GEI Industrial Systems Ltd, one of the leading manufacturers of Cooled VacuumRICH CAPITAL & FINANCIAL SERVICES 128.6 135.3 (5.00) Steam Condensers (ACSC) and Air Cooled Heat Exchangers (ACHE), has announced itsSampada Chemicals 91.1 95.9 (5.00) results for the fourth quarter and year ended March 31, 2011OREGON COMMERCIALS 38.9 41.0 (5.00) Q4 FY11 PerformancePosted a 26% rise in net sales at Rs. 1.13bn as compared to Rs. 876.5mn in Q4 FY10Posted a 20% rise in net profit at Rs. 49.9mn as compared to Rs. 41.8mn in Q4 FY10. Infrastructure major GMR Group is planning to sell its stake in the Tamil Nadu-based Karur Vysya Bank. Maharashtra Chief Minister Prithviraj Chavan has delivered a blow to DB Realty by issuing a stay order on a contract awarded to the company to develop a housing project in Pimpri-Chinchwad about 20 kilometers from Pune.COMMODITY 12-May 11-May % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 112 112 - (0.29) Brent Crude Oil ended flat and closed at $112 per barrel. Gold closed down by 0.29% atGold (Rs/10gm) 21,857 21,920 Rs 21,857 and silver closed down by 4.98% at Rs 51,600.Silver (Rs/kg) 51,600 54,306 (4.98)CURRENCY 12-May 11-May % Change The Indian Rupee closed lower against the dollar at Rs 44.99 as the Indian equityINR / USD 44.99 44.76 0.51 benchmarks ended on a negative note.USD / Euro 1.41 1.43 (1.40)Yen / USD 80.90 81.05 (0.19)
  3. 3. May 13, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSGTL Infra 35.1 35.5 1.00 Indias industrial production grew at a much faster pace than anticipated in March asKS Oils 30.3 30.6 0.99 performance of the Manufacturing and Electricity sub-segments improved from theTTML 16.6 16.7 0.91 previous month, data released by the Government showed on Thursday. TheMundra Port 132.6 133.8 0.87 industrial output, as measured by the index of industrial production (IIP), expandedAshok Leyland 48.6 49.0 0.82 by 7.3% in March as against expectations of 3.5-4%SCI 105.9 106.7 0.80PFC 215.4 205.3 (4.71) The annual rate of inflation in the food space fell below 8% in late April, staying belowMaruti 1221.0 1,205.6 (1.26) the double digit mark for the seventh straight week, data released by the GovernmentCore Project 293.2 290.0 (1.07) showed. Fuel inflation declined below 13%.Annual rate of inflation in Food Articles declined to 7.7% in the week ended April 30 from 8.53% in the preceding week, theUltra Tech 1036.0 1,026.0 (0.97) Commerce & Industry Ministry said in a statement.Ambuja 134.3 133.0 (0.93)ACC 985.5 977.0 (0.86) Indias exports grew by an annualised 34.4% to $23.9 billion in April maintaining a tempo of the last financial year despite a decline as compared to 44% growth inINSTITUTIONAL ACTIVITY (Rs Cr) 05-May 05-May YTD March. Imports, for the opening month of FY12, were up 14.1% to $32.8 billion leavingFII Cash Net (351) (622) 5,313 a trade gap of $8.9 billion.FII Stock Futures 775 278 (4,578)FII Index Futures 896 (1,347) (4,421)Mutual Fund 393 245 1,441VALUATIONS P/E P/B DIV YLDBSE 19.9 3.5 1.1NSE 21.1 3.6 1.1BSE500 Mcap/GDP Ratio 0.61 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs %ONGC 302.0 0.60 Sunteck Realty 385.2 16.45 Petron Engr 404.4 9.18HUL 301.4 0.52 SKS Microfinance 360.4 10.00 Shree Ganesh Jewel 268.5 6.27DLF 227.6 0.18 State Bank Mysre 681.2 4.95 SHASUNPHAR 81.5 5.23- - - Page Inds 1749.0 3.61 Rossell Tea 58.5 5.03- - - State Bank Trav 775.2 3.60 Ester Inds 43.6 4.93TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %Sterlite Inds 168.2 -8.40 Manappuram Finance 115.6 -7.41 Empee Sugars 41.4 -19.92Hindalco Inds 195.3 -9.55 Jubliant Foods Works 693.7 -6.12 TRF-$ 504.6 -11.72HDFC 647.1 -18.45 Ispat Inds 22.0 -4.97 DQ Entert Intl 52.9 -11.32TCS 1112.2 -26.25 DB Realty 89.0 -4.87 MANDHANA 221.1 -8.94Jaiprakash Asso 84.9 -1.95 Opto Circuits 273.6 -4.82 Nouveau Multi 15.0 -8.28 BULK DEALSSCRIPT NAME CLIENT NAME TYPE QTY % PRICENSEGlory Polyfilms Planet Investments & Finance BUY 1.50% 4.0Rohit Ferro Kanta Agarwal BUY 1.26% 43.1MSP Steel Padmini Viniyog BUY 1.15% 68.0Gujarat Foils Vardhman Investment SELL 0.84% 102.1Intl Conveyors Mavi Investment Fund SELL 0.75% 18.2BSEAarey Drugs Bhavini Vijaykumar Shah BUY 0.72% 23.6FINEOTEX CH Sadhna Stocks & Securitiep Ltd BUY 1.55% 243.7PFL Infotech Shikha Shares And Securities Pvt Ltd SELL 0.86% 256.1SVC RES Mohammed Ali Budhwani SELL 1.35% 26.9BMB Music Anil Gupta SELL 1.50% 15.8

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