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Daily Newsletter: 17th August, 2011

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Daily Newsletter: 17th August, 2011

  1. 1. Aug 17, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET * 16-Aug 12-Aug % Change COMMENTARYBSE Sensex 16,731 16,840 (0.65) INDIANSE Nifty 5,036 5,072 (0.71) After an extended weekend, the Indian equity markets resumed trading on Tuesday; however, benchmarkBSE Midcap 6,397 6,513 (1.78) indices ended the day with modest losses starting off the week with slight negative bias. It was the thirdBSE Smallcap 7,461 7,620 (2.09) straight trading session where the bears had an upper hand. After opening around 5130 levels, marketsNifty Junior 10,232 10,343 (1.07) gradually slipped throughout the day on the back of selling seen in the index heavyweights like JP Associates, RCom, RPower, Reliance Infra and DLF. However, bucking the negative trend were the TCS, BHEL,CNX Midcap 7,447 7,581 (1.77) HCL Tech and Bharti Airtel. Markets started off in the green, tracking firm cues from the US and Asian markets. However, sentiment was hit after the European markets opened in red post Germany’s adjusted GDP numbers, which grew just 0.1% during the second quarter v/s market expectation of 0.4% growth. EvenGLOBAL MARKETS 16-Aug 15-Aug % Change in-line monthly inflation numbers were unable to cheer sentiment on Dalal Street. Indias main inflationDow Jones Ind (USA) 11,406 11,483 (0.67) stood at 9.22% in July, almost in-line with the forecast for a 9.2%. Manufacturing inflation accelerated toNasdaq Composite(USA) 2,523 2,555 (1.24) 7.49% in July from 7.43% in the previous month. Finally, the BSE Sensex ended at 16,731 losing 109 points.S&P 500 (USA) 1,194 1,205 (0.93) The NSE Nifty closed at 5,036 losing 37 points.FTSE 100 (UK) 5,358 5,351 0.13DAX (Germany) 5,995 6,022 (0.45)Nikkei 225 (Tokyo) 9,107 9,086 0.23 GLOBAL MARKETS US stocks fell, following the biggest three-day rally since 2009, as German and French leaders proposed aHang Seng (Hong Kong) 20,212 20,260 (0.24) financial-transaction tax and rejected selling euro bonds to halt a debt crisis threatening economic growth.Shanghai Comp (China) 2,608 2,627 (0.71) The S&P 500 fell 1 percent to 1,194. The Dow Jones Industrial Average slid 0.67 percent, to 11,406.KOSPI (South Korea) 1,880 1,793 4.85STI (Singapore) 2,833 2,874 (1.44) Asian markets have opened on a mixed note as Nikkei is trading down by a percent. Hang Seng is marginallyMSCI Emerging Market 391 400 (2.25) trading in green.MSCI Frontier Market 501 498 0.60BOND MARKETS 16-Aug 12-Aug Change10yr G-Sec Yield 8.28 8.27 0.01 CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.16 8.31 (0.15) NIIT Technologies Limited, a global IT solutions organization, announced the acquisition of ProyectaLIBOR (6m) 0.44 0.44 0.00 Sistemas de Informacion S.A. (Proyecta), a software services company headquartered in Madrid. TheLIBOR (1m) 0.16 0.21 (0.05) acquisition enables NIIT Technologies to enhance its European footprint with Proyecta’s successfulInterbank Call rate 7.89 8.54 (0.65) experience in servicing industry leaders in the Travel and Financial Services segments. This coagulates NIIT Technologies front-end capabilities for larger European engagements and provides a gateway to the traditional Spanish speaking countries in Latin America. BSE Turnover Rs Cr(000) Sensex Patel Engineering reported its Q1FY11 numbers where in its consolidated net profit plunged 60.4% to 17200 4.0 Rs. 15.87 crore on 7.7% rise in net sales to Rs. 756.40 crore in Q1 June 2011 over Q1 June 2010. 17100 3.5 3.0 State-owned Oil and Natural Gas Corp (ONGC) may file papers for a Rs 12,000 crore share sale by early 17000 next month, a senior company official said. 2.5 16900 2.0 16800 Drug firm Orchid Chemicals & Pharmaceuticals said it had resumed production at its unit in Chennai. 1.5 The companys cephalosporin producing facility at Alathur in Chennai was issued a closure notice by the 16700 1.0 Tamil Nadu Pollution Control Board (TNPCB) citing some non-compliance with regard to the disposal of 16600 0.5 solid waste in July this year. The Alathur facility manufactures a range of oral and sterile cephalosporin 16500 0.0 APIs and caters to developed markets like the US, Europe and Japan. 9-Aug 10-Aug 11-Aug 12-Aug 16-Aug Rain Commodities said that a promoter group firm Focus India Brands had pledged its entire over 25.3 million shares, which is worth 7.15% stake in the former, to IL&FS Financial Services. NSE Turnover Rs Cr(000) Nifty Tata Motors reported its global sales numbers which stood at 85,392 units in July, down 6% as compared 5200 18 to the same month last year. Sales of luxury brands from Jaguar Land Rover were flat at 19,119 vehicles in 16 July, Tata Motors said in a statement. 5150 14 5100 88.38 #DIV/0! 12 State-owned explorer Oil India Ltd (OIL) has signed an MoU with refiner Hindustan Petroleum Corp Ltd 10 (HPCL) to jointly pursue business in areas of mutual interest. 5050 8 6 Anti-competitive practices watchdog Competition Commission of India (CCI) has imposed a penalty of Rs 5000 4 630 crore on India’s largest real estate developer, DLF Ltd, for abuse of market dominance and unfair 2 trade practices. 4950 0 9-Aug 10-Aug 11-Aug 12-Aug 16-Aug
  2. 2. Aug 17, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 16-Aug 12-Aug % Change CORPORATE NEWSIT 5,050 5,005 0.90% Datamatics Global Services (DGSL), the global Information Technology (IT) andTECk 3,192 3,171 0.67% Knowledge Process Outsourcing (KPO) organization partnering several fortune 500FMCG 3,917 3,908 0.23% companies globally for delivering next-generation business solutions has announcedCD 6,354 6,390 -0.56% the financial results for the first quarter ended as on June 30, 2011. The Company’sAUTO 8,461 8,534 -0.86% revenues increased by 54.5% to Rs1.01bn as compared to Rs658.1mn during Q1FY11.CG 12,061 12,166 -0.86% Infrastructure developer Unity Infraprojects has posted a net profit of Rs 19.58 croreHC 5,994 6,048 -0.89% for the quarter ended June 30, as against Rs 19.51 crore in the year-ago period.ThePSU 7,953 8,035 -1.01% companys total income for the period stood at Rs 376.03 crore, up 10.66% over RsPOWER 2,263 2,286 -1.02% 339.79 crore in the first quarter of last fiscal.OIL&GAS 8,330 8,417 -1.03%BANKEX 11,497 11,637 -1.20% Media and entertainment firm UTV Software Communications has approachedMETAL 12,060 12,301 -1.96% competition watchdog CCI to seeks approval for its proposed merger with Walt DisneyREALTY 1,711 1,808 -5.38% Co (South East Asia) in a deal valued at around Rs 2,000 crore. IVRCL on Saturday reported its Q1FY11 numbers where in its net profit declined 85% to Rs. 4.21 crore on 1.39% rise in net sales to Rs. 1121.90 crore in Q1 June 2011 over Q1 June 2010. Emmbi Polyarns Limited, one of the well established players in the field of wovenBSE Upper Circuit Breakers polyethylene and polypropylene product manufacturing industry, reported a 41.98%Company Name 16-Aug 12-Aug % Change rise in revenue and a robust 13.10% jump in the net profit for the quarter ended JuneRAJDHANI LEASING & INDUSTRIES 92.6 77.2 20.00 30, 2011. While the company saw its net profit touching Rs. 92.10 lacs, which is a 13.10KILBURN OFFICE AUTOMATION 9.7 8.1 20.00 % rise over the net profit of Rs. 81.43 lacs for the corresponding period last year, its netIntegra India Group 209.0 199.0 5.00 sales increased by nearly 41.98 % to Rs. 1913.20 lacs in the reporting quarter from Rs.HINDOOSTAN MILLS 211.2 201.1 5.00 1347.48 lacs for the corresponding quarter last fiscal year. 0BEST EASTERN HOTELS 127.1 121.1 5.00 Financial institution IFCI, in association with global investment firm Sycamore Ventures, announced to set up a $500-million (about Rs 2,250 crore) infrastructure fund. As the principal sponsor to the fund, IFCI has committed to invest 10% of the total capital of the fund with a minimum commitment of $50 million, the countrys oldest financial institution said in a statement.BSE Lower Circuit Breakers Amara Raja Batteries posted 9.24% increase in net profit to Rs 3.90 crore for theCompany Name 16-Aug 12-Aug % Change quarter ended June 30. The industrial and automotive battery maker had posted a netCLARUS FINANCE & SECURITIES 156.7 195.8 (20.00) profit of Rs 3.57 crore in the first quarter last fiscal, Amara Raja Batteries said in aALLIED DIGITAL SERVICES 33.4 37.1 (10.00) statement.JOSTS ENGINEERING CO. 433.7 456.5 (5.00) Maruti Suzuki India Ltd has reportedly decided to curb the production of all the modelGUJARAT AUTOMOTIVE GEARS 605.2 637.0 (5.00) except swift and Dzire due to a slowdown in market. According to reports, the companyWARREN TEA 605.7 637.6 (5.00) has also decided to introduce discount in the range of Rs 18,000-20,000 on all variants of the Alto to the customers. The highest discount is given to the petrol version of SX4 was around Rs.35,000. The Reserve Bank of India (RBI) is set to release the draft guidelines on the entry of new banks next week. The norms will seek to minimise the downside risks of industrial houses promoting banks and ensure promoters of these new banks meet the “fit and proper” criteria. Reliance Infrastructure is planning to buy out licences to build road projects from companies which had bagged these through the bidding route but are then unable to proceed.COMMODITY 16-Aug 12-Aug % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 109 109 0.49 1.63 Brent Crude Oil ended 0.49 percent higher at $109 per barrel. Gold ended up by 1.63Gold (Rs/10gm) 26,120 25,700 percent at Rs 26,120 and Silver closed up by 2.16 percent at Rs 59,951.Silver (Rs/kg) 59,951 58,686 2.16 The Indian Rupee closed higher against the dollar at Rs 45.37 as the Indian equityCURRENCY 16-Aug 12-Aug % Change benchmarks ended on a negative note.INR / USD 45.37 45.20 0.39USD / Euro 1.43 1.45 (1.09)Yen / USD 76.71 76.76 (0.06)
  3. 3. Aug 17, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSOFSS 1880.2 1,898.5 0.97 CRISIL Research, India’s largest independent and integrated research house, finds thatTVSMOTOR 51.7 52.2 0.87 India needs at least 55 million additional jobs by 2015 to maintain the current ratio ofIOB 118.0 119.0 0.85 employed people to total population at 39 per cent.GUJFLUORO 482.7 486.0 0.69NATIONALUM 61.5 61.9 0.65 The German economy, Europe’s largest, rose 0.1% from the first quarter, when itPANTALOONR 288.2 290.1 0.64 jumped a revised 1.3%, according to a report. The report stated that the worse-than-COREPROTEC 297.0 268.0 (9.76) expected GDP data from Germany, add to signs Europe is flirting with a renewed economic slump as the debt crisis curbs spending across the region.BALRAMCHIN 58.2 52.8 (9.36)JINDALSAW 125.0 117.0 (6.40) English Premier League football champions Manchester United plans a $1 billionSUZLON 38.5 36.5 (5.19) initial public offering (IPO) in Singapore by the end of the year, depending on marketTULIP 147.0 141.6 (3.71) conditions, IFR reported on Tuesday, citing a source with direct knowledge of theCHAMBLFERT 100.5 97.1 (3.38) plans.INSTITUTIONAL ACTIVITY (Rs Cr) 08-Aug 05-Aug YTD Amidst global uncertainties, Indias Foreign Direct Investments surged by 53.8% in theFII Cash Net (1,108) (1,609) 10,102 first six months of this calender year to Rs 75,506 crore. FDI was Rs 49,099 crore duringFII Stock Futures 532 316 (1,371) January-June 2010, Minister of State for Finance Namo Narain Meena said in a writtenFII Index Futures 127 81 7,557 reply to the Rajya Sabha.Mutual Fund 326 356 4,364 The ministry of corporate affairs (MCA) has asked its field officers — registrars of companies and official liquidators — to exclude independent directors andVALUATIONS P/E P/B DIV YLD government nominees while initiating prosecution measures against companyBSE 18.4 3.4 1.5 directors for violation of the Companies Act.NSE 18.2 3.1 1.4BSE500 Mcap/GDP Ratio 0.59 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs %TCS 974.1 2.40 Gujarat Fluo 487.1 8.72 Asian Hotels (West) 170.0 7.53BHEL 1767.7 2.30 JUBL FOOD 906.9 6.47 Kennametal-$ 720.0 6.98Bharti Airtel 396.1 1.73 Allcargo Glob 164.9 5.47 Sonata Soft 33.6 6.00ITC 200.0 0.86 Wabco TVS India 1,315.0 3.14 Geodesic 57.9 5.86Infosys 2392.7 0.77 Berger Paints 104.0 3.07 India Glycols 134.0 5.22TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %Jaiprakash Asso 57.1 -7.83 IVRCL LTD 39.6 -17.95 KS Oils-$ 8.6 -31.75DLF 189.0 -5.92 Sujana Towers 20.7 -16.87 Clarus Finance 156.7 -19.97Hindalco Inds 144.4 -4.31 Spicejet 24.0 -14.74 DEN NETWORK 53.5 -19.93HDFC 646.6 -3.5 NCC 54.1 -13.78 Indosolar 9.7 -16.95Cipla 285.0 -2.83 HDIL 103.6 -11.72 Nitin Fire 110.9 -15.38 BULK DEALSSCRIP NAME CLIENT NAME TYPE QTY % PRICENSEMindTree Limited Coffee Day Resorts Pvt Ltd BUY 5.68% 428.0MindTree Limited Ashok Soota SELL 5.50% 428.0Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 0.55% 307.6Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 0.86% 62.9Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9BSEAarey Drugs Thakorlal Atma Ram Modi BUY 1.23% 21.5ACROPET TEC Oudh Finance & Investment BUY 0.80% 17.0Zenu Infotech Anuradha Pankaj Dhoot SELL 2.25% 38.0Tata Coffee A K G Securities And Consultancy Ltd BUY 0.66% 882.2RCL FOODS Span Stock Broking SELL 0.65% 54.1

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