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Daily Newsletter: 14th March, 2011

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Daily Newsletter: 14th March, 2011

  1. 1. March 14, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 11-Mar 10-Mar % Change COMMENTARYBSE Sensex 18,174 18,328 (0.84) INDIANSE Nifty 5,445 5,494 (0.89) The Indian markets ended another tumultuous week down with the NSE Nifty closing below the 5450BSE Midcap 6,529 6,600 (1.07) mark. The mood got soured after a devastating earthquake hit northeast Japan that triggered a massiveBSE Smallcap 7,900 7,990 (1.13) Tsunami and killed dozens of people. The latest bad news from the foreign shores added to the list of concerns that cast a pall of gloom over the markets this week.First there was the political drama betweenNifty Junior 10,693 10,790 (0.90) the DMK and Congress; then came the string of downbeat economic reports from Japan to the US, andCNX Midcap 7,606 7,661 (0.72) escalation of violence in Libya. In the process, the bulls chose to ignore the positive domestic economic data like the better than estimated IIP numbers, strong exports and sharp fall in food inflation.Fridays fall was led by Metals, Telecom, IT, Power and Capital Goods stocks. Select Oil & Gas, FMCG and Pharma stocksGLOBAL MARKETS 11-Mar 10-Mar % Change managed to buck the negative trend. The BSE Mid-Cap and the BSE Small-Cap indices fell by about 1%Dow Jones Ind (USA) 12,044 11,985 0.50 each.The BSE Sensex lost 154 points to end at 18,174 and the NSE Nifty lost 49 points to close at 5,445.Nasdaq Composite(USA) 2,716 2,701 0.54S&P 500 (USA) 1,304 1,295 0.72 GLOBAL MARKETSFTSE 100 (UK) 5,829 5,845 (0.28)DAX (Germany) 6,981 7,063 (1.15) US stock markets gained on Friday despite the massive devastation caused by Japans magnitude 8.9Nikkei 225 (Tokyo) 10,254 10,434 (1.72) earthquake, as a dip in oil prices heartened investors. However, European share prices fell on Friday to their lowest close in two months with the insurance sector hit the worst.Hang Seng (Hong Kong) 23,250 23,615 (1.55)Shanghai Comp (China) 2,936 2,958 (0.74) Asian Markets have opened on anegative note. Nikkei is down by 4.3% and Hang Seng is down by half aKOSPI (South Korea) 1,956 1,981 (1.26) percent.STI (Singapore) 3,044 3,075 (1.04)MSCI Emerging Market 422 430 (1.93)MSCI Frontier Market 565 601 (6.03)BOND MARKETS 11-Mar 10-Mar Change CORPORATE/ ECONOMY NEWS10yr G-Sec Yield 8.04 8.02 0.02 Indias industrial production grew by 3.7% in January as against an upwardly revised rate of 2.5%1yr G-Sec Yield 7.76 7.67 0.09 in December, data released by the Government showed. Industrial output had grown by anLIBOR (6m) 0.46 0.46 0.00 impressive 16.8% in January 2010.LIBOR (1m) 0.27 0.26 0.01Interbank Call rate 6.8 6.9 (0.06) Lovable Lingerie Ltd. plans to raise Rs. 933mn selling shares at Rs195 to Rs205 each in an initial public offering. The company will sell 4.55 million shares starting March 8. The Initial Public Offering (IPO) has been subscribed 18.33 times. BSE Turnover Rs Cr(000) Sensex Drug firm Lupin is looking to launch ten products in the Japanese market through its arm Kyowa 18500 4.5 Pharmaceutical in the next fiscal as it eyes to cash in on the recent Indo-Japan trade pact that opened the 4.0 doors for the countrys generic medicines there. 18400 3.5 3.0 The Government today said NTPC would exceed the revised capacity addition target of 9,220 Mw in the 18300 2.5 11th five-year plan ending March 31, 2012.The state-run power giant has already added 4,480 Mw 18200 2.0 capacity till January this year. 1.5 18100 1.0 0.5 Aditya Birla Retail, the retail arm of the Aditya Birla Group, plans to open as many as 130 supermarkets 18000 0.0 and a dozen hypermarkets in the fiscal year starting in April, to take advantage of the surging spending 7-Mar 8-Mar 9-Mar 10-Mar 11-Mar power of Indian consumers. Blue Star Infotech has got an order from Nippo Batteries Co Ltd to implement a business management and information system to improve the latters overall business. 5540 NSE Turnover Rs Cr(000) Nifty 14 The countrys largest carmaker Maruti Suzuki India said that it expects to achieve the feat of producing a crore vehicle for the second time in the next 6-7 years with the opening of its two new plants at Manesar. 5520 12 5500 10 Education solutions provider Core Projects said that it has bagged a contract from Haryana government 5480 88.38 #DIV/0! 8 to strengthen school education in the state. Valued at Rs 295 crore, the company said the project is one 5460 6 of the biggest information and communication technology projects announced in the country. 5440 4 Anil Ambani-led Reliance Broadcast Network has said it plans to enter into an agreement with the 5420 2 Luxembourg-based television and radio network, RTL Group, to operate and own a network of television 5400 0 channels in India 7-Mar 8-Mar 9-Mar 10-Mar 11-Mar `
  2. 2. March 14, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 11-Mar 10-Mar % Change CORPORATE NEWSOil&Gas 9,719 9,641 0.81 Polyplex Corporation Ltd has announced that Polyplex (Asia) Pte, Ltd., a whollyFmcg 3,492 3,491 0.03 owned subsidiary of the Company has, as of March 11, 2011, sold an additional 64Hc 5,814 5,828 (0.25) million shares (amounting to 8% stake) held in Polyplex (Thailand) Public Company Ltd., Thailand (PTL) through market transactions carried out on the Stock Exchange ofPsu 8,516 8,571 (0.64) Thailand since January 01, 2011. With these sales, the consolidated holding of PolyplexRealty 2,104 2,120 (0.79) Group in PTL has reached 51.0%.Cd 5,715 5,761 (0.79)Auto 8,768 8,850 (0.93) Tata Global Beverages Ltd has announced that there has been an incident of fire inBankex 12,193 12,313 (0.98) the early hours on March 11, 2011 at the Companys Instant Tea unit in Munnar.Cg 12,559 12,740 (1.42)Power 2,554 2,593 (1.49) Rana Kapoor, Founder, Managing Director & CEO, YES BANK received theIt 6,150 6,243 (1.49) ‘Entrepreneurial Banker of the Decade’ award from the Bombay ManagementTeck 3,598 3,657 (1.61) Association on Friday.Metal 15,368 15,667 (1.91) Bharat Heavy Electricals chief told the media that the firm may miss its order growth target of Rs. 60000 crore for the year ending March 2011 due to slowdown in new domestic orders. United Breweries Ltd has announced that the Board of Directors of the Company at its meeting held on March 11. 2011, have considered and approved the amalgamation ofBSE Upper Circuit Breakers Chennai Breweries Private Limited (CBPL) into United Breweries Limited (UBL).Company Name 11-Mar 10-Mar % ChangeCelebrity Fashions 20.00 Nectar LifeSciences Ltd has received approval from the Japanese MOH for their key 17.0 14.2 product 1.e. Cefuroxime Axetil.SCIL Ventures 106.1 101.0 5.00Shiva Global Agro 32.6 31.0 5.00 ABB Ltd has announced that the Board of Directors of the Company at its meeting heldARI Consolidated 134.7 128.3 5.00 0 on March 11, 2011 has approved a proposal of acquisition of operating businesses ofBetex India 135.6 129.2 5.00 the wholly owned Indian subsidiary of the ABB Group, Zurich, viz., ABS Global Industries and Services Limited (ABBGISL) for a consideration of Rs. 4000 mn, as a slump sale on a going concern basis. Assam Company India surged 4.55% to Rs. 18.40 at 13:17 IST on BSE, on reports the petroleum ministry might make the company as the operator of the Amguri oilfield in Assam.BSE Lower Circuit BreakersCompany Name 11-Mar 10-Mar % Change Indias state-run lender Rural Electrification Corp (REC) plans to raise $200 millionEnrich Industries 31.2 34.6 (10.00) from the offshore loan market by the close of the current fiscal year ending this month.Subuthi Finance 235.0 261.1 (10.00)Fortune Finance 144.7 152.3 (5.00) Upbeat on the increasing demand for super premium brands in the country, textile andTAK Machinery 270.5 284.7 (5.00) retail major Arvind Mills is eyeing a Rs 2,500 crore revenue from lifestyle division ArvindTCI Finance 78.7 82.8 (5.00) Lifestyle by FY15COMMODITY 11-Mar 10-Mar % Change COMMODITY / CURRENCY NEWSCrude Oil (USD/bbl) 101.2 101.8 (0.62)Gold (Rs/10gm) 20,959.0 20,821.0 0.66Silver (Rs/kg) 54,022.0 52,749.0 2.41 Light Sweet Crude Oil on Friday lost 0.62% closing at $101.2 per barrel. Gold closed marginally higher by 0.66% at Rs 20,959 and silver closed higher by 2.4% at Rs 54,022.CURRENCY 11-Mar 10-Mar % Change The Indian Rupee closed lower against the dollar at Rs 45.24 as the Indian equityINR / USD 45.24 45.17 0.15 benchmarks ended on negative note.USD / Euro 1.37 1.38 (0.72)Yen / USD 82.17 82.90 (0.88)
  3. 3. March 14, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSMRF 6097.0 6,159.7 1.03 The United States Geological Survey (USGS) said on Friday that the 8.9 earthquake thatSTRTECH 47.3 47.7 0.95 rocked northeast parts of Japan today was the fifth biggest on record.The earthquakeISPATIND 22.0 22.2 0.91 struck the northeast coast of Japan, sending shockwaves as far away as Tokyo andFSL 16.7 16.8 0.90 triggering a major tsunami of more than 10 meters.SKUMARSYNF 55.6 56.1 0.90PETRONET 117.2 118.3 0.90 Japan is facing its worst crisis in the 65 years since the end of World War II, PrimeNATIONALUM 466.0 434.0 (6.86) Minister Naoto Kan said on Sunday, calling on the nation to unite after it was devastated by a huge earthquake.BHUSANSTL 432.6 420.2 (2.86)COREPROTEC 316.1 307.7 (2.66) The National Textile Corporation (NTC) has generated Rs 5,966 crore funds throughACC 992.5 967.4 (2.53) sale of surplus land and buildings as on 31 January, 2011, Parliament was informed onPIRHEALTH 464.9 453.5 (2.44) Friday.GLAXO 2172.0 2,135.3 (1.69) Unrest in Libya has almost wiped out production in its key oil sector, slashing output byINSTITUTIONAL ACTIVITY (Rs Cr) 03-Apr 03-Mar YTD 1.4 million barrels a day to under 300,000, the head of French oil giant Total reportedFII Cash Net 626 281 (6,515) on Friday.FII Stock Futures (294) (916) 6,322FII Index Futures Insurers have expressed fears that the proposed 5% service tax on centrally air- (34) (94) (2,322) conditioned hospitals and diagnostic services would increase the cost of healthMutual Fund (4) 47 2,507 insurance premium.VALUATIONS P/E P/B DIV YLD The Indian IT industry will add over 2.25 lakh employees in 2011 and will clockBSE 19.8 3.4 1.1 revenues of $71.7 billion by the end of the year, consulting firm Deloitte has said.NSE 21.1 3.5 1.1BSE500 Mcap/GDP Ratio 0.59 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs %ONGC 281.3 2.14 Alfa Laval 1335.05 14.03 SE Investments 18.7 12.99RIL 991.6 0.73 Atlas Copco 2206.7 10.81 Tata Coffee 847.15 8.79Tata Power 1200.0 0.55 Kirloskar Oil Engines 142.7 6.41 Gokaldas Expo 123.7 8.6Hindustan Unilever 278.0 0.42 INDIAN MET 584 5 Mount Everest Min 74 8.5ITC 171.3 0.15 Tata Global Beverages 101.3 4.97 Shilpa Medicare 283.5 8.41TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERSName Rs % Name Rs % Name Rs %BHEL 1974.7 -3.64 Shree Global Trd 227.9 -16.57 Dion Global Sol 38.25 -8.49Reliance Comm 96.3 -3.46 HATHWAY CAB 100.3 -5.87 Oscar Invest 379.5 -8.22Reliance Infra 604.7 -3.19 Educomp Sol 415.9 -5.86 Lloyds Metal 38.5 -7.78Sterlite Inds 160.2 -3.06 Simplex Infra 307.9 -5 PVR 99.9 -6.33Jaiprakash Asso 82.0 -2.9 Sintex Inds 147.9 -4.92 Shri Lakshmi 81.65 -6.04 BULK DEALSSCRIPT NAME CLIENT NAME TYPE QTY % PRICENSENu Tek India Trans Financial Resources Ltd BUY 3.23% 17.6Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 2.45% 47.6Kalindee Rail Nirman (Eng Crosseas Capital Services Pvt. Ltd. BUY 3.60% 197.5Subex Manish Vrajlal Sarvaiya SELL 1.23% 84.0Fiem Industries Fiem Industries Limited SELL 2.57% 176.0BSEBirla Shloka Philipa John Dmello SELL 1.28% 15.7Kalindi Rail Deepak Popatlal Vora BUY 0.65% 126.5Marico Oppenheimer International Value Fd BUY 3.35% 114.0Dhanus Tech Grantview Properties SELL 2.30% 11.4Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0

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