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Daily Newsletter: 17th February, 2011

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Daily Newsletter: 17th February, 2011

  1. 1. February 17, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 16-Feb 15-Feb % Change COMMENTARYBSE Sensex 18,301 18,274 0.15 INDIANSE Nifty 5,482 5,481 0.01 The Indian stock market ended almost unchanged at the end of a fairly listless session as investors took aBSE Midcap 6,735 6,699 0.53 breather after a three-day rally. Just when one thought that the bulls would continue to dominate theBSE Smallcap 8,248 8,165 1.01 scene, comes the break in the winning sequence. Markets were unable to hold on to the early gains andNifty Junior 10,873 10,861 0.11 broadly traded in a very tight range through the day. The key stock indices turned a little choppy, with theCNX Midcap 7,747 7,741 0.07 NSE Nifty swing nearly 60 points and the BSE Sensex oscillating close to 150 points between their day’s lows and highs. The BSE Sensex rose 27 points to end at 18,301 and the NSE Nifty ended unchanged to close at 5,4821.Even the BSE Mid-Cap and the BSE Small-Cap index gained 0.5% and 1% respectively.GLOBAL MARKETS 16-Feb 15-Feb % Change Market breadth was positive on the BSE with 1551 gainers against 1124 losers.Dow Jones Ind (USA) 12,288 12,226 0.51Nasdaq Composite(USA) 2,826 2,804 0.78S&P 500 (USA) 1,336 1,328 0.60FTSE 100 (UK) 6,085 6,037 0.80 GLOBAL MARKETS.DAX (Germany) 7,415 7,400 0.20 U.S. stocks gained, pushing the Standard & Poor’s 500 Index to a 32-month high, as a higher forecast forNikkei 225 (Tokyo) 10,808 10,747 0.57 economic growth from the Federal Reserve, improving earnings and takeovers bolstered confidence inHang Seng (Hong Kong) 23,157 22,900 1.12 equities. The S&P 500 rose 0.6 percent to 1,336, the fourth gain in five days. The Dow Jones Industrial Average rallied 0.5 percent, to 12,288. The Nasdaq Composite Index added 0.8 percent to 2,826, while theShanghai Comp (China) 2,924 2,900 0.85 Russell 2000 Index climbed 1 percent to 828.37. Both gauges rose to the highest level since October 2007.KOSPI (South Korea) 1,989 2,011 (1.06)STI (Singapore) 3,095 3,081 0.46 Asian markets have opened up on positive note Nikkei is up by 0.50% and Hang Seng is up 0.30 %.MSCI Emerging Market 422 419 0.72MSCI Frontier Market 594 589 0.85BOND MARKETS 16-Feb 15-Feb Change CORPORATE/ ECONOMY NEWS10yr G-Sec Yield 8.20 8.20 0.00 Billionaire Mukesh Ambani-led Reliance Industries (RIL) is planning major investments, totalling up to $301yr G-Sec Yield 7.59 7.59 0.00 billion over next five years in its various businesses, including energy and telecom sectors.TheseLIBOR (6m) 0.46 0.46 0.00 investments of $25-30 billion (well over Rs 1,00,000 crore) would be mainly targetted atLIBOR (1m) 0.26 0.26 0.00 petrochemicals, exploration and production and telecom businesses of the corporate conglomerate.Interbank Call rate 6.8 6.2 0.63 Aiming to spread its wings beyond the countrys border, Steel Authority of India (SAIL) will set up a 3 million tonne per annum plant in Mongolia with around Rs 15,000 crore investment. BSE Turnover Rs Cr(000) Sensex Software services firm Hexaware Technologies reported a better-than-expected 10% rise in Oct-Dec net 18400 3.8 profit and forecast 2011 revenue to grow by a quarter, sending its shares up by more than 5%.In the quarter 18200 to December, it posted a net profit of Rs 39.6 crore compared with Rs 36.04 crore a year ago while income 3.6 from operations grew nearly 19% to about Rs 300 crore. 18000 3.4 17800 Sterlite Industries said that it has completed acquisition of Ireland-based Lisheen Zinc Mine as part of deal 3.2 17600 to buy zinc assets of Anglo American group 17400 3.0 2.8 Tata Communications, a leading provider of the new world of communications has announced the 17200 completion of its acquisition of BitGravity, an award winning content delivery network (CDN). BitGravity will 17000 2.6 join Tata Communications Ltd. and will integrate as a Tata Communications operating business subsidiary. 10-Feb 11-Feb 14-Feb 15-Feb 16-Feb DLF Brands, a part of realty giant DLF, said that it will invest over Rs 200 crore in opening retail outlets of various brands across the country in the next 2-3 years. NSE Turnover Rs Cr(000) Nifty Reliance Industries’ subsidiary, Infotel Broadband, is expected to launch broadband wireless access 5550 16 (BWA) services with low-cost tablet PCs and affordable data plans in the next five months. 5500 14 5450 12 5400 Aventis Pharma reported its net profit surged over fourfold to Rs 104.9 crore in the fourth quarter ended 5350 88.38 10 #DIV/0! December 31, 2010, over the same period last fiscal.The company had posted a net profit of Rs 26 crore for 5300 8 the same period previous fiscal. 5250 6 5200 4 State-owned fuel retailers have seen losses on diesel sale touch a record Rs 10.74 per litre as government 5150 5100 2 continues to bar them from raising rates in line with spurt in cost of raw material (crude oil).Indian Oil 5050 0 Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation 10-Feb 11-Feb 14-Feb 15-Feb 16-Feb (BPCL) sell diesel, domestic LPG and kerosene way below cost as government battles to control inflation. `
  2. 2. February 17, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 16-Feb 15-Feb % Change CORPORATE NEWSRealty 2,158 2,113 2.12 Petronet LNG is looking to buy liquefied natural gas (LNG) from Australia and Qatar forMetal 15,995 15,761 1.49 a planned new terminal.Cd 5,785 5,726 1.02Cg 13,142 13,069 0.56 Bharti Airtel still plans to delist its Zambian unit even after the local bourse rejectedFmcg 3,295 3,281 0.41 the initial proposal.It 6,261 6,245 0.25Teck 3,667 3,659 0.22 Hospitality firm EIH, which operates the Oberoi and Trident brands of hotels andBankex 12,451 12,429 0.17 resorts, on Wednesday issued a clarification on its rights issue kicking off next month, indicating that it will raise Rs 1,178.86 crore through the issue of shares at aPower 2,640 2,640 0.03 price of Rs 66 apiece.Oil&Gas 9,487 9,497 (0.11)Psu 8,620 8,638 (0.20) Mahindra and Mahindra Financial Services Ltd has raised $94 million through aAuto 8,843 8,876 (0.37) share sale to institutional investors.Hc 5,973 6,008 (0.58) Jain Irrigation Systems announced that the company will produce micro irrigation system components, including drip systems, sprinklers and irrigation pipes at the newly inaugurated plan in Gujarat. Sanghvi Movers has bagged an order for hiring of 600 tonne and 750 tonne capacity cranes at Reliance Infrastructures ultra mega power plant at Sasan in Madhya Pradesh.BSE Upper Circuit Breakers The Rs. 16-crore order is for hiring period of six months with a provision for extension.Company Name 16-Feb 15-Feb % Change Sanghvi Movers has also secured orders from Bharat Heavy Electricals for various sitesGraviss Hospitality 28.2 23.5 20.00 aggregating to Rs. 10 crore.EIH Associated 164.7 149.7 10.00Zandu Realty 2,207.9 2,008.0 10.00 Public sector lender Indian Bank said that it has entered into an agreement with TVSEster Industries 53.7 51.2 5.00 Motor Company for financing the companys vehicles. 0Carol Info 156.1 148.7 5.00 BHP Billiton, the worlds biggest miner, plans to pour USD 80 billion into expansions over the next five years rather than chase ambitious takeovers, after nearly doubling first-half profits to a record on booming demand for iron ore and copper. Microsoft has been focused on skill development and initiatives towards increasing employability in India. One such initiative is the Microsoft IT Academy programme. ThisBSE Lower Circuit Breakers is a platform for educators and students to learn and get certified on MicrosoftCompany Name 16-Feb 15-Feb % Change technologies. Microsoft has chosen Everonn Education Limited, the largest VSATChandani Textile 90.2 95.0 (5.00) education network in the world, as the Microsoft Academy Service Partner (MASP) forHindustan Hardy 74.2 78.1 (5.00) the country.JJ Exporters 16.2 17.0 (5.00) Bharti group companies Bharti Infratel and Airtel Africa have won GSMA award atRM Mohite 233.2 245.4 (5.00) World Mobile Congress in Barcelona.Telecom passive infrastructure provider BhartiIndia Securities 55.3 58.2 (5.00) Infratel has won Green Mobile Award for its P7 GreenTowers project. The initiative is energy management programme and is a combination of seven energy efficiency sub- projects. Piramal Glass (PGL), a leading glass container manufacturer, announced that it will invest Rs 100 crore on capacity expansion at its Jambusar unit in Gujarat. Apparel retailer Koutons Retail India on Wednesday said it has appointed SBI Capital Markets to draft a debt recast scheme as it was unable to repay short-term debt.COMMODITY 16-Feb 15-Feb % Change COMMODITY / CURRENCY NEWSCrude Oil (USD/bbl) 85.2 85.3 (0.14)Gold (Rs/10gm) 20,533.0 20,493.0 0.20Silver (Rs/kg) 46,388.0 46,448.0 (0.13) Light Sweet Crude Oil on Wednesday lost 0.14% closing at $85.3 per barrel. Gold closed flat at Rs 20,533 and Silver closed down by 0.13% at Rs. 46,388..CURRENCY 16-Feb 15-Feb % Change The Indian Rupee closed higher against the dollar at 45.43 as the Indian equityINR / USD 45.43 45.48 (0.11) benchmarks ended on positive note.USD / Euro 1.35 1.35 -Yen / USD 83.69 83.81 (0.14)
  3. 3. February 17, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSCONCOR 1073.6 1,082.7 0.85 Sanofi-Aventis SA has reached an agreement in principle to acquire Genzyme CorpSKUMARSYNF 65.1 65.5 0.69 for about US$20 bn in cash plus future payments.INDHOTEL 80.4 80.9 0.68HOTELEELA 39.0 39.2 0.64 The Hong Kong Tourism Board (HKTB) recently announced that India proved as theBEL 1653.8 1,664.4 0.64 best performer in the South and Southeast Asia Market, as arrivals grew by 44.8% toGRASIM 2317.0 2,331.7 0.64 over 530,000. The robust growth in 2010 was mainly due to increased Hong Kong-COREPROTEC 299.9 292.2 (2.58) India flight capacity, and the joint effort between the HKTB and the local travel trade to cultivate interest in visiting Hong Kong among Indian consumers. Other marketsNATIONALUM 407.4 402.1 (1.31) in the region, such as Singapore, Malaysia, Indonesia and Thailand, all recordedDABUR 96.8 95.9 (0.93) double-digit growth compared to 2009.PFC 254.7 252.8 (0.77)HEXAWARE 110.7 110.0 (0.63) India and Japan on Wednesday signed a comprehensive market-opening pact toACC 999.7 993.5 (0.62) boost bilateral trade between the two countries, which currently amounts to $10.36 billion per annum.INSTITUTIONAL ACTIVITY (Rs Cr) 11-Feb 10-Feb YTDFII Cash Net (435) (846) (5,816) India and Malaysia are set to ramp up bilateral trade ties with the signing of aFII Stock Futures 486 147 3,916 landmark pact for accelerating economic cooperation between the two nations onFII Index Futures 1,230 (875) (4,755) Friday.Mutual Fund 254 79 1,066 India and China will be among the five largest domestic aviation markets in the next two years but the US will remain at the top, the IATA has estimated, saying the focusVALUATIONS P/E P/B DIV YLD of the global aviation industry will continue shifting eastward.BSE 19.9 3.4 1.1NSE 21.0 3.5 1.1BSE500 Mcap/GDP Ratio 0.59 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERSName Rs % Name Rs % Name Rs %Jaiprakash Asso 90.30 6.67 A2Z Maint & Engg 283.4 19.98 Graviss Hospitality 28.2 20Tata Steel 641.05 3.97 Uttam Galva 122.3 12.62 Tanla Solutions 20.6 19.77Jindal Steel 670.35 3.28 Spicejet 48.6 9.46 Ashapura Mine 33.9 12.81Wipro 437.15 3.03 Bajaj Corp 536 9.2 GLOBUS SPR 131.45 10.93Tata Power 1,290.00 1.74 Bombay Dyeing 356 7.86 EIH Associated 164.65 9.99TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERSName Rs % Name Rs % Name Rs %HDFC 629.55 -2.53 Cox & Kings 383.75 -5.75 Surana Inds 230.25 -6.02Reliance Comm 99.7 -1.72 Jyothy Lab 218.45 -5.02 Ashiana Hous 139.35 -5.75Mahindra & Mahindra 657.15 -1.55 DEN NETWORK 99.9 -4.81 Dredging Corp 393.4 -5.23Hero Honda 1494.45 -1.41 Sintex Inds 157.25 -4.81 Elantas Beck 805 -5.19ONGC 279.4 -1.18 Jubilant Life 184.8 -4.57 RM MOHITE 233.15 -4.99 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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