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Daily Newsletter: 18th July, 2011


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Daily Newsletter: 18th July, 2011

  1. 1. July 18, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 15-Jul 14-Jul % Change COMMENTARYBSE Sensex 18,562 18,618 (0.30) INDIANSE Nifty 5,581 5,600 (0.33) After two positive sessions, the Indian markets ended with modest losses on Friday, extending the losingBSE Midcap 7,007 7,015 (0.11) streak to a second consecutive week. However, the NSE Nifty managed to close above the 100DMA for theBSE Smallcap 8,363 8,356 0.08 third straight day, indicating that there is still some steam left in the market. Metals, Auto, Realty and PSUNifty Junior 11,390 11,390 (0.00) stocks were among the major laggards. Among the major gainers were IT, Power and Telecom stocks while the Mid-Cap and the Small-Cap indices were under some pressure. Shares of TCS rose over 2% to end at RsCNX Midcap 8,175 8,168 0.08 1,148 after the IT major came out with positive Q1 results and the management exuded confidence for the companys business prospects going forward, notwithstanding headwinds confronting the key markets. Finally, the BSE Sensex ended at 18,562 slipping 56 points. It had earlier touched a days high of 19,562 and aGLOBAL MARKETS 15-Jul 14-Jul % Change days low of 18,513. The NSE Nifty closed at 5,581 losing 18 points.Dow Jones Ind (USA) 12,480 12,437 0.34Nasdaq Composite(USA) 2,790 2,763 0.99 GLOBAL MARKETSS&P 500 (USA) 1,316 1,309 0.56 The US markets finished lower after Bernanke said the Fed is not prepared to take further action and amidFTSE 100 (UK) 5,844 5,847 (0.06) ongoing concerns about the US debt ceiling, erasing earlier gains fuelled by encouraging economic news asDAX (Germany) 7,220 7,215 0.08 well as strong earnings from JP Morgan. On economic data front, weekly jobless claims dropped 22,000 lastNikkei 225 (Tokyo) 9,975 9,936 0.39 week to a seasonally adjusted 405,000, the lowest level in almost three months and business inventories rose more than expected in May. Meanwhile, producer prices in June posted their biggest decline since Feb 2010.Hang Seng (Hong Kong) 21,875 21,940 (0.30) The Dow Jones Industrial Average ended in green for the last day of the week at 12,480 up by 0.34%. NasdaqShanghai Comp (China) 2,820 2,810 0.35 Composite gained 1% at 2,790. Standard & Poors 500 inched up in green by half a percent ending at 1,316.KOSPI (South Korea) 2,145 2,131 0.68STI (Singapore) 3,084 3,089 (0.15) Asian markets are trading mixed as Nikkei is shut on account of Marine Day; Hang Seng is up 0.12%,MSCI Emerging Market 437 438 (0.23) Shanghai is up 0.28%, Kospi is down 0.62% and Strait Times is down 0.20%. SGX Nifty is trading down 36MSCI Frontier Market 539 540 (0.19) points at 5,555 indicating a weak start.BOND MARKETS 15-Jul 14-Jul Change10yr G-Sec Yield 8.34 8.24 0.10 CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.23 8.25 (0.02) Tata Motors said on Friday that its group global wholesales, including Jaguar Land Rover, were 89,846LIBOR (6m) 0.39 0.39 0.00 nos., in June 2011 compared to 90,702 nos., in June 2010. Cumulative sales for the fiscal are 264,488LIBOR (1m) 0.16 0.16 0.00 higher by 7% compared to the corresponding period in 2010-11.Interbank Call rate 7.34 7.44 (0.10) Stationery company Camlin reported a 34% decline in its net profit to Rs 6.25 crore in the quarter ended June 30, 2011 as against the same period last fiscal. The company said it had a net profit of Rs 9.53 crore in the quarter ended June 30, 2010. BSE Turnover Rs Cr(000) Sensex 18800 3.0 After its Rs 1-lakh wonder car Nano, Tata Group is all set to launch a house for nearly Rs 32,000 aimed at rural market by the end of next year. 18700 2.5 18600 2.0 Reliance Industries has said its eastern offshore KG-D6 gas field development cost is much less than what Gujarat government company GSPC and state-owned ONGC are spending on projects in the 18500 1.5 vicinity of its KG basin find. 18400 1.0 18300 0.5 State-owned lending agency Power Finance Corp, which is mulling an entry into the banking space, may invite fresh bids for appointment of a consultant on the proposal, as only one company qualified 18200 0.0 during a previous tendering exercise. 11-Jul 12-Jul 13-Jul 14-Jul 15-Jul Future Ventures India Ltd (FVIL), Future Groups investment and business management arm, said it has acquired additional 5.14% stake in Indus-League Clothing Ltd (ILCL), a group firm for an undisclosed amount. NSE Turnover Rs Cr(000) Nifty 5640 14 Mumbai-based JB Chemicals & Pharmaceuticals Ltd (JBCPL) said it has completed a Rs 939 crore deal 5620 12 to sell its over-the-counter business in Russia and CIS countries to Johnson & Johnson arm Cilag GmbH 5600 10 International. The company has received nearly Rs 738 crore and an agreed portion of consideration in 5580 88.38 #DIV/0! an escrow account. 8 5560 6 The much-delayed share sale of state-run SAIL, expected to mop up Rs 6,000 crore at current market 5540 5520 4 price, will take another three months and may take place around Diwali, Steel Minister Beni Prasad 5500 2 Verma reported. 5480 0 Wipros Rs 1,182 crore contract with Employees State Insurance Corporation (ESIC) for IT services may 11-Jul 12-Jul 13-Jul 14-Jul 15-Jul be in troubled waters on account of technical problems with the government health insurers internet portals that have caused inconvenience to users. .
  2. 2. July 18, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 15-Jul 14-Jul % Change CORPORATE NEWSIT 5,857 5,835 0.37% IBM has announced that Manappuram Finance, India’s first listed and highest creditPOWER 2,597 2,596 0.04% rated gold loan company, has engaged IBM in a 10 year multi-million dollar deal toTECk 3,571 3,570 0.02% transform its IT systems in support of its aggressive growth plan. The IT services deal willCG 13,740 13,738 0.01% also ensure Manappuram delivers superior customer service in a highly commoditizedOIL&GAS 9,121 9,130 -0.10% market.HC 6,518 6,533 -0.22% Thomas Cook (India) Limited, the largest integrated travel and travel related financialCD 6,886 6,902 -0.23% services company in India, has signed a one-of-its kind agreement with TIRUN TravelBANKEX 12,847 12,879 -0.25% Marketing, to offer a unique online cruise training course certified by Royal CaribbeanFMCG 4,039 4,056 -0.42% international.PSU 8,542 8,587 -0.53%REALTY 2,187 2,198 -0.54% Vestas has received a firm and unconditional order for a total capacity of 90 MW forAUTO 8,994 9,047 -0.59% projects in Brazil. The order comprises 10 units of the V90-3.0 MW and 30 units of theMETAL 14,610 14,735 -0.85% V100-2.0 MW for the following wind power plants: São Pedro do Lago, Pedra Branca and Sete Gameleiras, all of them located in Bahia in Brazil. D B Realty reported that its Pimpri Chinchwad New Town Development Authority, Pune cancelled bidding process for development of a township project at Bhosari. Castrol India Ltd. said that the Company has, inter alia, decided to close aBSE Upper Circuit Breakers manufacturing plant located at Tondiarpet in Chennai in the state of Tamil Nadu. TheCompany Name 15-Jul 14-Jul % Change Tondiarpet plant is one the Companys oldest plants in India. It faced high landed cost ofSKS Microfinance Ltd 523.6 476.0 10.00 base oil, leading to a steep increase in its manufacturing cost per litre over the pastArvind Intl 15.1 12.6 20.00 several months. This had adversely affected the production activities in the plant.CHARTERED LOGISTICS LTD. 33.3 30.3 9.90NCL RESEARCH & FINANCIAL SERVICES LTD. 179.4 170.9 5.00 HT Media have reported 66.75% jump in net profit at Rs 52.81 crore for the quarter 0AVT NATURAL PRODUCTS LTD. 345.8 314.4 10.00 ended March 30, 2011.For the same quarter of the previous financial year, the companys net profit was Rs 31.67 crore. The companys net sales for the three months period ended March 30, 2011 increased 19.99% at Rs 328.60 crore, compared to Rs 273.84 crore in the corresponding quarter of the prior fiscal. Venkys India Ltd, a leading producer of poultry products in the country, has decided to undertake expansion-cum-modernisation programme at an estimated cost of Rs 107BSE Lower Circuit Breakers crore to augment poultry, poultry produce and animal health products capacities.Company Name 15-Jul 14-Jul % ChangeShelter Infra Projects Limited 58.0 61.0 (4.90) Net profit in the first quarter of Gujarat NRE Coke has increased 93% at Rs 38.66 croreGreycells Education Limited 36.4 38.3 (5.00) as against Rs 20.04 crore in the previous corresponding quarter.The total income for theBLUE COAST HOTELS & RESORTS LTD. 204.3 215.0 (5.00) quarter ended June 30, 2011 stood at Rs 436.15 crore.ENVAIR ELECTRODYNE LTD. 32.9 34.6 (4.90) More than four months after UKs BP agreed to buy stake in 23 oil and gas blocks ofRAJ PACKAGING INDUSTRIES LTD. 23.2 24.4 (4.90) Reliance Industries for $7.2 billion, the Government may next week give unconditional approval for stake sale in only 21 blocks. In the thick of controversy surrounding the 2G spectrum allocation, Uninor, a joint venture between Unitech Wireless and Norways Telenor, has approached Telecom Ministry seeking additional 1.8 MHz radio waves in eight circles, based on subscriber- linked criteria. Mobile commerce company Beam plans to invest Rs 500 crore for expansion of its business across India by March, 2012.COMMODITY 15-Jul 14-Jul % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 117 116 0.86 (0.54) Brent Crude Oil ended up at $,117 per barrel. Gold closed flat at Rs 22,852 and silverGold (Rs/10gm) 22,852 22,975 closed down by 1.9% at Rs 56,453.Silver (Rs/kg) 56,453 57,590 (1.97)CURRENCY 15-Jul 14-Jul % Change The Indian Rupee closed higher against the dollar at Rs 44.49 as the Indian equityINR / USD 44.51 44.49 0.04 benchmarks ended on a very positive note.USD / Euro 1.41 1.41 -Yen / USD 79.12 78.98 0.18
  3. 3. July 18, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSPRAJIND 74.1 75.1 1.28 The Iraqi government, Royal Dutch Shell, and Japans Mitsubishi have reportedlyRUCHISOYA 96.9 97.8 0.93 signed a major deal on July 12 at the Oil Ministry in Baghdad to develop the naturalKFA 39.7 40.0 0.88 gas industry in southern Iraq, although the deal is still to be submitted to the cabinetMRPL 80.4 80.9 0.68 for final approval.BEML 589.0 593.0 0.68DCHL 66.5 67.0 0.68 Indian Railways have carried 233.77mn tonnes of revenue earning freight trafficTATAMTRDVR 591.9 571.0 (3.53) during April-June 2011. The freight carried shows an increase of 15.42mn tonnes over the freight traffic of 218.35mn tonnes actually carried during the correspondingSUNTV 334.3 326.0 (2.48) period last year, registering an increase of 7.06%. During the month of June 2011, thePIRHEALTH 396.2 387.0 (2.32) revenue earning freight traffic carried by Indian Railways was 76.54mn tonnes.TATACHEM 382.0 373.4 (2.26)VIDEOIND 191.0 187.4 (1.88) Swedish home appliance maker Electrolux has reportedly acquired 52% stake inGESHIP 281.4 276.5 (1.74) Egypt’s appliance maker Olympic Group. According to reports, this would be the first foreign direct investment of this size to enter Egypt after the January 25 revolution.INSTITUTIONAL ACTIVITY (Rs Cr) 06-Jul 05-Jul YTDFII Cash Net 750 281 12,177 Rebekah Brooks, former editor of the now defunct News of the World, was todayFII Stock Futures (278) (635) (5,582) arrested in connection with the phone-hacking scandal that has hit Rupert MurdochsFII Index Futures 10 (158) 14,964 media empire hard over the last two weeks.Mutual Fund 172 95 3,372 Lehman Brothers Holdings Inc. (LEHMQ) won’t win creditors’ approval for its $65 billion plan to liquidate its assets in bankruptcy, hedge fund Centerbridge CapitalVALUATIONS P/E P/B DIV YLD Partners LLC said in a court filing.BSE 19.6 3.4 1.4NSE 19.9 3.5 1.1BSE500 Mcap/GDP Ratio 0.57 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs %TCS 1148.05 2.03 SKS Microfinance 523.6 10 Suraj Diamond 53.4 12.66Mahindra & Mahindra 718.85 0.83 Amara Raja 250.35 5.59 Heritage Foods 217.1 11.25RIL 873.3 0.74 Shree Global Trd 331.6 4.94 VST Inds 1188.15 8.62Wipro 414.6 0.74 A2Z Maint & Engg 268.75 4.65 Gemini Comm 27.15 8.60HDFC Bank 509 0.61 MOIL 364.9 3.97 Vindhya Tele 184 8.43TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %Tata Motors 1036.15 -2.61 Anant Raj Inds-$ 83.9 -6.05 Unisys Soft 94.2 -8.45Sterlite Inds 163.05 -2.01 Shree Renuka Sug 71.25 -3 Modern India-$ 55 -8.33ONGC 278.15 -1.94 Bajaj Holdings 750.3 -2.86 SV Electricals 47 -4.95Cipla 324 -1.58 JM Financial-$ 22.4 -2.82 Ontrack Sys 26.15 -4.74Tata Power 1258.05 -1.33 Glodyne Tech 310.95 -2.77 Manali Petro 13.96 -4.64 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