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Daily Newsletter: 16th December, 2010

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Daily Newsletter: 16th December, 2010

  1. 1. December r 16, 2010Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 15-Dec 14-Dec % Change COMMENTARYBSE Sensex 19,648 19,799 (0.76) INDIANSE Nifty 5,892 5,944 (0.87) After managing to retrieve some lost ground in the last three days, the Indian markets were unable toBSE Midcap 7,544 7,651 (1.40) continue the upswing on Wednesday. The NSE Nifty closed below the 5900 mark in the process. TodaysBSE Smallcap 9,139 9,283 (1.54) fall was led by Realty, Banking and Consumer Durables while IT stocks escaped the selling pressure. TheNifty Junior 11,960 12,142 (1.50) BSE Sensex fell 151 points to close at 19,648 and the NSE Nifty slipped 52 points to close at 5,892.TheCNX Midcap 8,631 8,743 (1.28) broader indices also ended in red, the BSE Mid-Cap index was down 1.3% and BSE Small-Cap index fell 1.5%.GLOBAL MARKETS 15-Dec 14-Dec % Change BSE market breadth was negative. Out of 3,008 stocks traded, 1,920 declined while 946 advanced inDow Jones Ind (USA) 11,457 11,477 (0.17) trades.Nasdaq Composite(USA) 2,616 2,627 (0.42)S&P 500 (USA) 1,235 1,241 (0.48)FTSE 100 (UK) 5,882 5,884 (0.03) GLOBAL MARKETSDAX (Germany) 7,017 7,027 (0.15) December has been a good month for U.S. stocks, so this weeks lackluster action isnt upsettingNikkei 225 (Tokyo) 10,310 10,317 (0.07) investors much. Stocks have managed to eke out gains over the past few sessions and are up 5% for theHang Seng (Hong Kong) 22,975 23,431 (1.95) month. On Wednesday, the Dow Jones industrial average lost 19 points to end 0.2% lower at 11,457.47.Shanghai Comp (China) 2,911 2,927 (0.55) The S&P 500 shed 6 points, or 0.5%, and the Nasdaq fell 11 points, or 0.4%.KOSPI (South Korea) 2,017 2,009 0.40 Asian Markets are trading on a negative note, with the Nikkei and Hang Seng down by 0.1% each.STI (Singapore) 3,147 3,176 (0.91)MSCI Emerging Market 425 428 (0.75)MSCI Frontier Market 591 588 0.48BOND MARKETS 15-Dec 14-Dec Change CORPORATE/ ECONOMY NEWS10yr G-Sec Yield 8.09 7.96 0.13 State-run MOIL made a handsome debut on the bourses on Wednesday and got listed at a premium of1yr G-Sec Yield 7.33 7.27 0.06 nearly 47 per cent on the BSE, against the issue price of Rs 375. The scrip listed at Rs 551 on the BSE, up byLIBOR (6m) 0.46 0.46 0.00 46.93 per cent against the issue price. Additionally MOIL plans to invest around Rs 1,200 crore over theLIBOR (1m) 0.25 0.25 0.00 next 4-5 years for capacity addition and production of ferro-alloy.Interbank Call rate 6.7 6.6 0.04 Leading lights of India Inc such as RIL, major Tata group companies and auto majors Mahindra & Mahindra (M&M) and Bajaj Auto seem to have clocked a robust performance so far this fiscal if their higher advance tax outgoes are any indication. BSE Turnover Rs Cr(000) Sensex 20000 6.0 Drug firm Strides Arcolab said that it has cancelled its licensing and supply agreement with US-based KV 19800 5.0 Pharmaceuticals and will pay $7.25 million (about Rs 33 crore) as part of settlement. 19600 4.0 19400 3.0 The initial public offering (IPO) of Punjab & Sind Bank have been subscribed 27.44 times. 19200 2.0 The Hinduja Group flagship Ashok Leyland will inaugurate a vehicle assembly plant in UAE’s Ras Al 19000 1.0 Khaimah Investment Authority (RAKIA) today. 18800 0.0 9-Dec 10-Dec 13-Dec 14-Dec 15-Dec ONGC Tripura Power Co (OTPC), a unit of state-owned Oil and Natural Gas Corp, has signed an MoU with Dhaka to open up a new transport corridor through Bangladesh for transporting heavy equipment for its power plant at Tripura. Tata Motors has announced a special finance scheme by which a customer will get a loan for its small car NSE Turnover Rs Cr(000) Nifty 6000 20 Nano in 48 hours. 5950 5900 15 Resource Generation Ltd has reportedly said that Bhushan Steel Ltd. will purchase coal for 20 years from 5850 its Boikarabelo mine in South Africa. 10 5800 Bank of Baroda has entered an MoU with BBVA (Banco Bilbao Vizcaya Argentaria) to form a JV for 5750 5 credit card business. Onregulatory approval, the agreement between both entities will allow BBVA to 5700 acquire a 51% stake in the existing credit card subsidiary of Bank of Baroda i.e. Bobcards Ltd. 5650 0 9-Dec 10-Dec 13-Dec 14-Dec 15-Dec SRM Energy signed a $1.4 billion (Rs 6,357.4 crore) loan agreement with China Datang for setting up a 2,000-MW thermal power project in Tamil Nadu, in the presence of Chinese Premier Wen Jiabao. `
  2. 2. December 16, 2010 Volume: 1 | Issue: 389| November 1, 2010SECTOR 15-Dec 14-Dec % Change CORPORATE NEWSIT 6,399 6,302 1.53 Tata Motors reported its global vehicle sales in November rose 6 per cent from aTeck 3,817 3,769 1.27 year ago to 79,959 units. Jaguar and Land Rover sales in the month rose 22 per centOil&Gas 10,648 10,658 (0.09) to 22,957 units.Capital Goods 15,377 15,449 (0.47)Power 2,932 2,948 (0.53) Maini Materials Movement, the Bengaluru-based Maini Group company, has inkedFMGC 3,540 3,567 (0.75) a strategic agreement with the world’s third largest Forklift and materials handlingAuto 9,874 9,961 (0.88) equipment manufacturer, Nacco Material Handling Group (NHMG), USA.Metal 16,404 16,588 (1.11)PSU 9,346 9,461 (1.21) VA Tech Wabag Ltd in joint venture with Nagarjuna Construction CompanyHealthcare 6,537 6,633 (1.44) International LLC, bagged an order worth Rs 170 crore from Oman based MajisConsumer Durables 6,059 6,207 (2.38) Industrial Services SAOC. Wabag is scheduled to commence construction of seaBankex 12,723 13,140 (3.18) water desalination plant on the basis of RO technology for Sohar Industrial Area,Realty 2,745 2,845 (3.53) Oman from January 2011 and the scheduled completion is around 20 months. (ADAG) companies, Reliance Power and Reliance Communications, will sew up about $3 billion in loans from mostly Chinese banks. Indian steel ministry is in talks with the South African government for buyingBSE Upper Circuit Breakers manganese ore mining assets for state-run Manganese Ore India Ltd (MOIL).Company Name 15-Dec 14-Dec % ChangeMefcom Capital Markets 23.1 19.3 20.00 Indias Oil & Natural Corp (ONGC) has offered 600,000 barrels of February Nile BlendModi Rubber 102.9 93.5 10.00 Crude after being absent for about five months, coming at a time when firm diesel margins have supported crude oil prices.Suryalata Spinning 174.5 158.7 10.00Cupid Traders 46.2 44.0 5.00 0 Indias Lanco Infratech said that its Australian unit has agreed to acquire Griffin CoalPondy Oxides 40.0 38.1 5.00 Mining Co and Carpenter Mine Management (Griffin Coal) for an undisclosed sum. State Bank of India, the countrys largest lender, has paid Rs 1,850 crore as advance tax for the Oct-Dec quarter, as per an income tax department .The firm had paid an advance tax of Rs 1,795 crore a year ago.BSE Lower Circuit Breakers Reliance Power said that its wholly owned unit has received a letter of intent fromCompany Name 15-Dec 14-Dec % Change NTPC Vidhyut Vyapar Nigam for the purchase of 100 MW of solar power.Glodyne Technoserve 712.5 791.7 (10.00)Sandur Manganese 742.1 824.6 (10.00) Axis Bank, said that it has signed a MoU with IDEA Cellular, whereby Idea will actSpectacle Inds 71.8 75.6 (5.00) as a business correspondent of Axis Bank to provide the bank’s financial productsMidfield Industries 159.2 167.5 (5.00) and services through its retail outlets.NCL Research 46.1 48.5 (5.00) PBA Infrastructure Ltd has bagged Contract from "Pimpri Chinchwad Municipal Corporation, Pimpri". for Construction of Road - BRTS & the contract is worth Rs. 256.97mn. Essar Steel Limited announced that it has signed MOUs with Kobe Steel Ltd. of Japan for collaboration in the areas of technology for manufacturing advanced high- strength steel (AHSS) grade steel sheets used in automotive and other relevant applications.COMMODITY 15-Dec 14-Dec % Change COMMODITY / CURRENCY NEWSCrude Oil (USD/bbl) 88.7 88.5 0.28Gold (Rs/10gm) 20,643.0 20,614.0 0.14Silver (Rs/kg) 44,470.0 44,530.0 (0.13) Light Sweet Crude Oil on Wednesday was up by 0.28% at $88.7 per barrel. Gold closed up by 0.14 % at Rs 20,643 and Silver closed down by 0.13 % at Rs. 44,470.CURRENCY 15-Dec 14-Dec % ChangeINR / USD 45.40 44.95 1.00 The Indian Rupee closed lower against the dollar at 45.4 as the Indian equityUSD / Euro 1.32 1.33 (0.75) benchmarks ended on negative note.Yen / USD 84.17 83.54 0.75
  3. 3. December 16, 2010 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY NEWSNHPC 27.3 27.5 0.92 Airlines around the world could face sharp rises in the cost of buying aircraft if newSCI 132.6 133.6 0.75 export financing rules to be discussed by government officials in Paris arePatel Eng 318.7 320.9 0.71 approved this week.FSL 21.4 21.55 0.70Sterling BioTech 100.4 101.1 0.70 The indirect tax collection rose by 42.3 per cent to Rs 2.07 lakh crore during April-JP Power 51.0 51.35 0.69 November this year as compared to corresponding period last year, indicatingONGC 1323.8 1293.3 (2.30) uptick in economic activities.Core Project 283.9 280.5 (1.20)GAIL 502.5 499.7 (0.57) After multi-billion dollar deals with US and French companies, Indian businessesMundra Port 148.3 147.5 (0.54) are inking $16 billion worth deals with Chinas industry, whose representatives areMphasis 625.4 622.0 (0.54) accompanying Premier Wen Jiabao on his three-day India visit.ACC 1064.8 1059.8 (0.47)INSTITUTIONAL ACTIVITY (Rs Cr) 29-Nov 26-Nov YTDFII Cash Net 2,727 (672) 1,27,758FII Stock Futures 526 359 (13,964)FII Index Futures 400 168 (13,257)Mutual Fund (49) 235 (29,677)VALUATIONS P/E P/B DIV YLDBSE 23.5 3.7 1.1NSE 22.7 3.7 1.1BSE500 Mcap/GDP Ratio 0.65 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERSName Rs % Name Rs % Name Rs %TCS 1101.25 1.93 KS Oils 48.2 16.57 Odyssey Corp 136.15 8.92Infosys 3203.65 1.67 MVL 18.2 4.9 Vakrangee Soft 270.4 6.12Tata Motors 1320.2 1.26 Indraprastha Gas 340.45 4.87 INFINITE 179.5 5.77Bharti Airtel 339.3 1.24 Patni Computer 482.65 4.71 Shree Nath Comm 65.1 5Wipro 457.4 0.95 Puravankara Proj 118.75 3.76 Carol Info 105.45 4.98TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERSName Rs % Name Rs % Name Rs %Hero Honda 1621.3 -5.4 Glodyne Tech 712.8 -9.96 Sandur Mang 742.1 -10DLF 278 -5.15 Dena Bank 113.9 -6.18 SEL Mfg Company 17.95 -9.34ICICI Bank 1078.05 -3.65 JUBL FOOD 553.25 -6.05 Ankur Drugs 80.8 -6.97SBI 2696.05 -3.46 Uco Bank 113.8 -5.95 Delta Corp 95.55 -6.87HDFC Bank 2161.45 -3.34 Spicejet 75 -5.42 Kingfisher Air 59.25 -6.69 BULK DEALSSCRIPT NAME CLIENT NAME TYPE QTY % PRICENSEABG Shipyard Abg International BUY 1.56% 360.2Ambika Cotton Mills Aum Securities BUY 0.67% 180.7K S Oils Baghmar Finlease BUY 0.80% 34.7Amar Remedies Wishbone Global Investment Holdings SELL 1.23% 99.1Development Credit Bank Pace Stock Broking Services SELL 1.65% 51.3BSEACC Ambuja Cement India BUY 2.50% 1074.95Amtek India Olympia Builders BUY 1.23% 59.3Master Trust Gala Finance And Investment BUY 1.20% 71.6Tutis Tech Prime Dprime Dyes & Chemicals SELL 1.69% 22.41Rama Newsprint Shweta Vanijya SELL 1.58% 17.55

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