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July 19, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 18-Jul 15-Jul % Change COMMENTARYBSE Sensex 18,507 18,562 (0.30) INDIANSE Nifty 5,567 5,581 (0.25)BSE Midcap 7,022 7,007 0.22 It was a dull start for the week with the markets on Monday ending near the day’s low, as weakness wasBSE Smallcap 8,394 8,363 0.37 witnessed in auto and IT stocks. Although some of the non-index counters saw better price action, theNifty Junior 11,414 11,390 0.21 overall mood was subdued. With no major results for the day, the focus was on the overseas markets, which continue to reel under the debt issues confronting the US and Eurozone economies. Finally, the BSE SensexCNX Midcap 8,197 8,175 0.27 ended at 18,507, slipping 54 points. It had earlier touched a days high of 18,622 and a days low of 18,469. The NSE Nifty closed at 5,567, losing 14 points. Realty and the Consumer Durables stocks were in demand during the day’s trade while mid-cap and small-cap stocks also saw some buying. Technically, the Nifty hasGLOBAL MARKETS 18-Jul 15-Jul % Change been taking support at 100 DMA (5,568 levels) and the near term trend could turn negative below 5,550.TheDow Jones Ind (USA) 12,385 12,480 (0.76) market breadth was negative. Out of 3,012 stocks traded, 1,546 advanced while 1,322 declined.Nasdaq Composite(USA) 2,765 2,790 (0.89)S&P 500 (USA) 1,305 1,316 (0.81)FTSE 100 (UK) 5,753 5,844 (1.55) GLOBAL MARKETSDAX (Germany) 7,108 7,220 (1.56)Nikkei 225 (Tokyo)* 9,975 9,975 0.00 Stocks fell around the world, extending last week’s drop, and oil declined amid concern officials are no closer to solving the debt crises in Europe and the U.S. Gold extended its longest rally since 1980. President BarackHang Seng (Hong Kong) 21,805 21,875 (0.32) Obama is trying to get lawmakers to agree to a deficit-cutting deal as the Aug. 2 deadline for raising the debtShanghai Comp (China) 2,817 2,820 (0.12) ceiling nears. The Standard & Poor’s 500 Index lost 0.8 percent to close at 1,305. DJIA closed at 12,385, downKOSPI (South Korea) 2,130 2,145 (0.69) 0.76 percent and Nasdaq closed at 2,765, down 0.89 percent.STI (Singapore) 3,079 3,084 (0.17)MSCI Emerging Market 432 437 (1.05) Asian markets are trading weak as Nikkei is down 0.73 percent, Hang Seng is down 0.29 percent andMSCI Frontier Market 542 539 0.56 Shanghai is down 0.66 percent.BOND MARKETS 18-Jul 15-Jul Change10yr G-Sec Yield 8.24 8.34 (0.10) CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.23 8.23 0.00 IT firm iGate Patni reported that it has bagged a contract worth $30 million (nearly Rs 133 crore) fromLIBOR (6m) 0.36 0.39 (0.03) US-based Weyerhaeuser NR to provide and manage IT infrastructure service operations. iGate will helpLIBOR (1m) 0.16 0.16 0.00 Weyerhaeuser to manage its services and operations in order to reduce costs, the IT firm said in a filingInterbank Call rate 7.52 7.34 0.18 to the Bombay Stock Exchange. IT firm Polaris Software said that it has entered into a MoU with two Bangladesh-based banks to form a joint venture company, which will provide software solutions to both the financial institutions. Polaris BSE Turnover Rs Cr(000) Sensex Software, Sonali Bank and Bangladesh Commerce Bank have signed a memorandum of understanding 18650 3.0 (MoU) to form a joint venture (JV) company -- Sonali Polaris Financial Technology -- in which the IT firm 18600 will hold a 51% stake. 2.5 18550 2.0 State-run lending agency Power Finance Corporation plans to raise over Rs 22,000 crore through 18500 infrastructure and tax-free bond issues during the current financial year (2011-12) to part fund its 1.5 18450 borrowing requirements. 18400 1.0 0.5 Steel Strips Wheels Ltd. said on Monday that BMW has selected it for supply of steel wheels for its new 18350 launches in 2013 and 2014. 18300 0.0 12-Jul 13-Jul 14-Jul 15-Jul 18-Jul Alstom Projects India Ltd. said on Monday that it has won three major contracts worth more than Rs. 2.7bn (over Euro 40 million) to build hydroelectric projects in the country. The first contract has been signed with Shiga Energy Pvt. Ltd. for the 97 MW Tashiding hydroelectric project based in West Sikkim district on the Rathang Chu river. The second contract has been signed with NSL Tidong Power NSE Turnover Rs Cr(000) Nifty Generation Pvt. Ltd. for the Tidong 1 hydroelectric project in Kinnaur District in Himachal Pradesh, 5620 14 comprising two 50 MW units. The third contract has been signed with Haridwar Infrastructure Pvt. Ltd. 5600 12 for the Dikchu hydroelectric project on the river Dikchu, a tributary of Teesta River in East Sikkim, for a 96 5580 10 MW plant. 88.38 #DIV/0! 5560 8 Hexaware Technologies announced that the company signed a large deal with potential revenue of 5540 6 $177 million over 5 years with an existing US-based client. 5520 4 5500 2 Lupin Ltd. (LPC), is considering selling its unit that markets drugs in India, according to reports. 5480 0 Over 12 Kingfisher Airlines flights were grounded at the country’s four major airports for two hours 12-Jul 13-Jul 14-Jul 15-Jul 18-Jul after Hindustan Petroleum Corporation Ltd (HPCL) refused to supply fuel due to non-payment of dues. The supply was resumed after a partial payment.
July 19, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 18-Jul 15-Jul % Change CORPORATE NEWSREALTY 2,206 2,187 0.89% IT software product manufacturer Rolta India said it has acquired ACLS Systems, FZC,CD 6,935 6,886 0.70% through a complete asset purchase.This acquisition includes the full portfolio of ACLSMETAL 14,680 14,610 0.48% software technology, including source code, design documentation, IPR rights and allPOWER 2,608 2,597 0.43% other related materials, along with exclusive worldwide sales and marketing rights andPSU 8,563 8,542 0.24% the hiring of ACLS employees.FMCG 4,049 4,039 0.24% GVK Power and Infrastructure and Australias Hancock Prospecting have extended theBANKEX 12,845 12,847 -0.01% deadline yet again for exclusive talks on two Australian coal mines to the end of AugustCG 13,707 13,740 -0.23% as the two sides differ on valuation.OIL&GAS 9,092 9,121 -0.32%TECk 3,550 3,571 -0.60% PFC Consulting, a subsidiary of Power Finance Corporation, said it may form a jointHC 6,466 6,518 -0.80% venture with another firm to provide consultancy services in Asian countries.IT 5,809 5,857 -0.81%AUTO 8,900 8,994 -1.04% Glenmark Pharmaceuticals said that it had received approval from the US health regulator to market generic Nizatidine capsules, used for treating ulcers, in the American market. Glenmark Generics, the companys subsidiary, has received final approval from the United States Food and Drug Administration (USFDA) for Nizatidine capsules, Glenmark Pharmaceuticals said in a filing to the Bombay Stock Exchange (BSE). Several realty firms, including Parsvnath, have sought the governments nod to shelveBSE Upper Circuit Breakers their special economic zone (SEZ) projects amid continued tax uncertainties. AmongCompany Name 18-Jul 15-Jul % Change others, Parsvnath SEZ -- a Parsvnath Group subsidiary -- has offered to surrender six SEZsGLOBAL OFFSHORE SERVICES 126.3 105.3 20.00 -- in Uttar Pradesh, Rajasthan, Haryana, Tamil Nadu and Maharashtra -- that had earlierRushil Decor 163.8 136.5 20.00 been granted in-principle approval by the government.G.M.BREWERIES 128.0 106.7 20.00Zandu Realty 2,252.5 2,047.7 10.00 Pratibha Industries reported that the company bagged two orders aggregating Rs. 0TCI FINANCE 56.2 51.1 10.00 1249 crore from Engineers India for the Delhi Jal Board projects. Azure Power, pioneering independent power producer in the Indian solar power sector, has announced a 5 MW solar power plant at Jayal, Rajasthan. The plant is expected to be operational by December 2011. Export-Import Bank of the United States has announced a $16 million of long term financing for the project. The Azure solar power plant in Jayal, Rajasthan will be one of the largest utility-scale solar power plantsBSE Lower Circuit Breakers in the country under the National Solar Mission, which aims to develop over 20 GWs ofCompany Name 18-Jul 15-Jul % Change Solar Power by year 2022.PARAAN 1714.8 1805.0 (5.00)SHAILY ENGINEERING PLASTICS 233.0 245.3 (5.00) AgroTech Foods Ltd has marked its entry into the Ready-to-Eat category with theMAHARASHTRA ELEKTROSMELT 285.1 300.0 (5.00) launch of its exciting new range of Sundrop 10 min Yummeals.MARATHWADA REFRACTORIES 344.0 362.0 (5.00) VA Tech Wabag Ltd, a Chennai-based water and waste water management company, isIKF FINANCE 13.7 14.5 (5.00) likely to conclude two acquisitions during the current fiscal. With an expected deal size of Euro 50 million (around Rs 310 crore), these would be in Africa and Latin America. BASF India Limited has registered significant growth in sales during the quarter ended June 30, 2011 compared to the corresponding quarter of the previous year, with an increase of 54%. On a comparable basis (post merger of the three BASF legal entities into BASF India Limited) the increase in sales for the quarter ended June 2011 is 17%. The company’s profit before tax grew to Rs. 781 mn for the quarter ended June 30, 2011 as compared to Rs. 736 mn for the corresponding period last year, an increase of 6%. Profit after tax at Rs. 527 mn was 8% higher compared to the corresponding quarter of the previous year.COMMODITY 18-Jul 15-Jul % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 116 117 (0.91) 1.83 Brent Crude Oil ended up at $,116.1 per barrel. Gold closed up by 1.83% at Rs 23,271Gold (Rs/10gm) 23,271 22,852 and silver closed up by 6.81% at Rs 60,300.Silver (Rs/kg) 60,300 56,453 6.81CURRENCY 18-Jul 15-Jul % Change The Indian Rupee closed lower against the dollar at Rs 44.56 as the Indian equityINR / USD 44.56 44.51 0.11 benchmarks ended on a negative note.USD / Euro 1.40 1.41 (0.71)Yen / USD 79.03 79.12 (0.11)
July 19, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSBAJAJHLDNG 737.0 745.0 1.09 Rising inflationary pressure has forced Indian consumers to cut down spends duringGTLINFRA 15.0 15.1 1.00 the second quarter of 2011, despite optimism about job prospects and the state ofJINDALSAW 161.0 162.5 0.93 personal finances, according to a survey by the Nielsen Company. Though IndianRELMEDIA 129.0 130.2 0.93 consumers continue to remain the most optimistic globally, their confidence levelMOSERBAER 38.6 38.9 0.78 slipped by 5 points to 126 index points in the second quarter of 2011 from 131 pointsNMDC 254.1 256.0 0.77 in the previous quarter.TATAMTRDVR 590.0 568.0 (3.73) Foreign tourist visits to the country registered an impressive growth of 24.2% in theSUNTV 347.0 336.3 (3.08) year 2010. Similarly domestic tourist visits also showed a growth of 10.7 % last year.PIRHEALTH 404.4 392.5 (2.94) The number of domestic tourist visits to the States/ UTs during the year 2010 wasTATACHEM 380.7 372.5 (2.15) 740mn as compared to 669mn in 2009 and 563mn in 2008.SREINFRA 44.6 43.9 (1.68)TATAMOTORS 1012.6 995.6 (1.68) The US Export-Import Bank said that it has approved loans worth $1.4 billion (about Rs 6,300 crore) to Indian companies, including Reliance and Punj Lloyd, in the nineINSTITUTIONAL ACTIVITY (Rs Cr) 07-Jul 06-Jul YTD months to June 30, 2011, as against $53 million in the entire 2010 financial year.FII Cash Net 676 750 12,854FII Stock Futures (17) (278) (5,599) The committee of secretaries (CoS) looking into the issue of allowing foreign directFII Index Futures 601 10 15,295 investment (FDI) in the multi-brand retail segment is likely to meet this Friday to tryMutual Fund (248) 172 3,124 for more agreement on the issue. The government seems to be contemplating 51 per cent FDI in the segment but is planning to introduce several riders with it.VALUATIONS P/E P/B DIV YLDBSE 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 %Company 182.05 3.09 Himadri Chem 54.45 13.79 Global Offshore 126.3 20.00Hindalco Inds 1975.75 2.7 Godfrey Phil 3245.7 9.81 Sterling Hol Res 102.45 19.96BHEL 1294 2.37 Sujana Towers 33.4 8.44 OCL Iron 51.4 12.84Tata Power 514.4 1.06 TTK Prestige 3015 7.88 Greenply Inds 234.15 11.34HDFC Bank 700.3 0.99 Alstom Projects 606.55 5.64 Tilaknagar Inds 47 11.24TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %TCS 1125.4 -1.97 KGN Inds 55.15 -4.91 Kalyani Invest 651 -5.78Tata Motors 1016.05 -1.94 Amtek Auto 154.05 -3.54 Chromatic India 100.55 -5.10Cipla 317.85 -1.9 GTL 86.15 -3.15 NEWINFRA 29.95 -4.92Mahindra & Mahindra 706.55 -1.71 Motilal Oswal 99.9 -2.87 PARRYSUGR 109.3 -4.92Reliance Comm 94 -1.67 Zydus Wellness 699.5 -2.84 SV Electricals 44.7 -4.89 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