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Daily Newsletter: 1st February, 2011

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Daily Newsletter: 1st February, 2011

  1. 1. February 1, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 31-Jan 28-Jan % Change COMMENTARYBSE Sensex 18,328 18,396 (0.37) INDIANSE Nifty 5,506 5,512 (0.11) The Indian markets ended the day with modest losses as the benchmark indices erased most of the earlyBSE Midcap 6,868 6,898 (0.43) losses that had resulted from the growing political turmoil in Egypt. After opening with a gap down, the key Indian indices recouped early losses gradually amid a volatile session. The NSE Nifty managed to fill upBSE Smallcap 8,478 8,546 (0.80) the negative gap led by the ONGC, BHEL, L&T and RIL. Even the broader indices pulled back from the lowsNifty Junior 10,916 10,854 0.57 of the day in late trades. The BSE Sensex lost 68 points to close at 18,328 and the NSE Nifty was down 6CNX Midcap 7,923 7,881 0.54 points to end at 5,505.The midcap index ended at 6868, lower by 30 points and the smallcap index ended at 8477, down 68 points.GLOBAL MARKETS 31-Jan 28-Jan % Change The market breadth was weak. Out of 3006 stocks traded on the BSE, there were 1180 advancing stocks asDow Jones Ind (USA) 11,892 11,824 0.58 against 1660 declines.Nasdaq Composite(USA) 2,700 2,687 0.48S&P 500 (USA) 1,286 1,276 0.78 GLOBAL MARKETS.FTSE 100 (UK) 5,863 5,881 (0.31) U.S. stocks rose, extending the second straight monthly gain for the Standard & Poor’s 500 Index, as businesses expanded at the fastest pace since 1988 and consumer spending and Exxon Mobil Corp.’s profitDAX (Germany) 7,077 7,102 (0.35) beat estimates.Additionally a gauge of consumer spending in the U.S. rose more than forecast inNikkei 225 (Tokyo) 10,238 10,360 (1.18) December, capping its strongest quarter in more than four years. Purchases, which account for about 70Hang Seng (Hong Kong) 23,447 23,617 (0.72) percent of the economy, increased 0.7 percent after climbing 0.3 percent the prior month,The S&P 500 roseShanghai Comp (China) 2,790 2,753 1.34 0.8 percent to 1,286 after sliding 1.8 percent on Jan. 28 amid protests demanding the ouster of EgyptianKOSPI (South Korea) 2,070 2,108 (1.80) President Hosni Mubarak. The index gained 2.3 percent in January. The Dow Jones IndustrialSTI (Singapore) 3,179 3,230 (1.57) Average added 0.58 percent, to 11,892.Nasdaq closed at a highest point of the days at 2,700 up by 0.48%.MSCI Emerging Market 425 433 (1.85) Asian markets have opened up in green on the back of imporved earnings, higher oil and metal pricesMSCI Frontier Market 600 613 (2.12) boosted commodity companies and U.S. consumer spending climbed.Nikkei is up by 0.40% Hang Seng has opened up in green.BOND MARKETS 31-Jan 28-Jan Change CORPORATE/ ECONOMY NEWS10yr G-Sec Yield 8.16 8.17 (0.01) The countrys largest power producer NTPC posted a meagre rise of 0.25 per cent in its net profit at Rs1yr G-Sec Yield 7.22 7.22 0.00 2,371 crore for the quarter ended December 31, 2010.NTPC had posted a net profit of Rs 2,365 croreLIBOR (6m) 0.46 0.46 0.00 during the same quarter of the last financial year.However, NTPC reported 20 per cent jump in its net salesLIBOR (1m) 0.26 0.25 0.01 at Rs 13,421 crore from Rs 11,183 crore in the corresponding quarter of the previous financial year, it said.Interbank Call rate 6.9 6.7 0.26 Public sector lender Central Bank of India reported a 31.68 per cent increase in its net profit to Rs 403.52 crore for the quarter ended December 31, 2010.The bank had a net profit of Rs 306.44 crore in the corresponding period of the previous financial year. BSE Turnover Rs Cr(000) Sensex 19400 4.5 Infrastructure Development Finance Company Ltd has posted a net profit of Rs. 3042.255 mn for the 19200 4.0 quarter ended December 31, 2010 as compared to Rs. 2401.096 mn for the quarter ended December 19000 3.5 31, 2009. 18800 3.0 2.5 Public sector lender Canara Bank reported a jump of 5.05 per cent in its net profit at Rs 1,105.73 crore for 18600 2.0 the quarter ending December 31, 2010.Banks net profit in October-December 2009-10 quarter was Rs 18400 1.5 1,052.58 crore. 18200 1.0 18000 0.5 Non-banking finance company Shriram Transport Finance reported a 27.26 per cent growth in net 17800 0.0 profit at Rs 301.36 crore for the third quarter ended December 31, 2010.The company had a net profit of 24-Jan 25-Jan 27-Jan 28-Jan 31-Jan Rs 236.81 crore in the corresponding period last year. IT hardware firm HCL Infosystems said it has bagged Rs 250-crore order from the public sector telephone service provider Bharat Sanchar Nigam Limited (BSNL). NSE Turnover Rs Cr(000) Nifty 5800 18 Hotel Leela Venture reported a 23.63 per cent dip in net profit for the quarter ended December 5750 16 31, 2010, to Rs 22.04 crore.The hospitality major had posted a net profit of Rs 28.86 crore in the October- 5700 14 December quarter last fiscal. 5650 12 5600 88.38 #DIV/0! 10 5550 8 Aditya Birla Group has reached an agreement to buy US-based Columbian Chemicals for about $800 5500 6 million, a business daily reported on Monday, citing unnamed sources with direct knowledge of the deal. 5450 4 5400 2 Hindustan Oil Exploration Company Ltd has posted a net profit of Rs. 202.672 mn for the quarter ended 5350 0 December 31, 2010 as compared to Rs. 103.546 mn for the quarter ended December 31, 2009. 24-Jan 25-Jan 27-Jan 28-Jan 31-Jan Total Income has increased from Rs. 361.308 mn for the quarter ended December 31, 2009 to Rs. 877.864 mn for the quarter ended December 31, 2010. `
  2. 2. February 1, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 31-Jan 28-Jan % Change CORPORATE NEWSCapital Goods 13,526 13,099 3.26 State-run explorer Oil and Natural Gas Corporation (ONGC) may take part in development ofPower 2,744 2,709 1.31 Russias Trebs and Titov Arctic oilfields together with mid-size Russian group Bashneft.Consumer Durables 5,996 5,923 1.22Oil&Gas 9,482 9,368 1.22 Tractor maker Escorts reported 8.55 per cent increase in its net profit for the quarter ended December 31, 2010, at Rs 25.4 crore on account of robust demand.The company had posted aPSU 8,707 8,637 0.81 net profit of Rs 23.4 crore in the corresponding period previous fiscal.Healthcare 6,237 6,191 0.74Bankex 12,064 11,987 0.64 Steel pipemaker Jindal Saw posted a 26.5 per cent dip in net profit for October-December onAuto 8,895 8,842 0.60 weak sales, and said it plans to raise long-term funds for capital expenditure.Profit for October- December was Rs 125 crore, while sales fell 22 per cent to Rs 1,063 crore.Metal 16,116 16,076 0.25IT 6,371 6,466 (1.47) Telecom Tower firm Indus Towers said that it plans to add nearly 5,000 telecom tower every yearTeck 3,734 3,791 (1.52) for the next five years and expects to be a over $2 billion company in the current fiscal.FMCG 3,366 3,435 (2.00) (2.23) Drug firm Ranbaxy Laboratories said that it has signed a memorandum of understandingRealty 2,229 2,280 (MoU) with the government of Yaroslavl region in Russia for cooperation in the field of healthcare and medical science. Plywood maker Greenply Industries reported 48.38 per cent decline in its net profit for the quarter ended December 31, 2010, at Rs 7.19 crore due to losses incurred by two new facilities.The company had posted a net profit of Rs 13.93 crore in the corresponding period previous year.BSE Upper Circuit BreakersCompany Name 31-Jan 28-Jan % Change Indian Hotels Company that operates Taj hotels, resorts and palaces posted a 22.48 per centBihar Sponge 11.0 9.2 20.00 decline in its net profit at Rs 50.29 crore for the quarter ended December 31, 2010. In the same quarter last fiscal, the companys net profit was Rs 64.88 crore.Rishiroop Rubber 10.2 8.5 20.00Sandesh 301.6 251.4 20.00 Phillips Carbon Black Ltd (PCBL) said its net profit for the third quarter ended December 2010Amrit Corp 206.9 188.1 10.00 was down to Rs 0 30.03 crore, as compared to Rs 33.63 crore during the corresponding quarter lastPBM Polytex 46.8 42.6 10.00 year. Real estate firm DB Realty reported 71 per cent increase in its consolidated net profit to Rs 108.7 crore for the quarter ended December 31, as against Rs 6.37 crore in the year-ago period.The revenue rose by 51 per cent to Rs 273.2 crore during the October-December quarter, as compared with Rs 181.3 crore in the corresponding quarter last fiscal. Sun Pharmaceutical Industries posted a consolidated net profit (after minority interest) of RsBSE Lower Circuit Breakers 350.15 crore for the third quarter ended December 31, 2010.The company had a net profit of RsCompany Name 31-Jan 28-Jan % Change 338.95 crore in the same period last fiscal.Arunjyoti Enterprises 50.9 56.6 (10.00)Damodar Treads 44.2 49.1 (10.00) State-run Andhra Bank reported a growth of 20.16 per cent in its net profit at Rs 330.91 crore for the third quarter ended December 31, 2010.It had a net profit of Rs 275.39 crore during the sameJay Energy 100.3 105.5 (5.00) quarter of last fiscal.Kemp & Co 295.3 310.8 (5.00)Binny 105.9 111.5 (5.00) FMCG firm Colgate-Palmolive (India) reported a 43.09 per cent decline in net profit-after-tax for the quarter ended December 31, 2010, to Rs 66.24 crore, mainly due to high spending on advertising activities.The company had posted a net profit-after-tax of Rs 116.39 crore for the corresponding quarter of the previous year. Drug firm Aurobindo Pharma said it has received tentative approval from the US health regulator to manufacture and market generic Famciclovir tablets for treatment of herpes virus infections. Media firm Jagran Prakashan has reported a 32.50 per cent growth in its net profit at Rs 52.64 crore for the quarter ended December 31, 2010.The company had posted a net profit of Rs 39.73 crore in the October-December quarter last fiscal.COMMODITY 31-Jan 28-Jan % Change COMMODITY / CURRENCY NEWSCrude Oil (USD/bbl) 91.2 89.7 1.68Gold (Rs/10gm) 19,922.0 20,036.0 (0.57)Silver (Rs/kg) 43,705.0 43,105.0 1.39 Light Sweet Crude Oil on Monday was up by 1.68% at $91.2 per barrel. Gold closed down by 0.57% at Rs 19,922 and Silver closed up by 1.39% at Rs. 43,705.CURRENCY 31-Jan 28-Jan % Change The Indian Rupee closed lower against the dollar at 45.96 as the Indian equityINR / USD 45.96 45.75 0.46 benchmarks ended on negative note.USD / Euro 1.36 1.36 -Yen / USD 82.08 82.63 (0.67)
  3. 3. February 1, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSIGL 310.6 315.2 1.48 Indias carpet exports jumped over 32 per cent to $56.9 million in DecemberHEXAWARE 112.7 114.0 1.11 2010, year-on-year due to an increase in demand from the European market.TheJPPOWER 45.1 45.6 1.11 carpet exports stood at $42.88 million in December 2009, according to the CarpetOPTOCIRCUI 244.5 247.1 1.06 Export Promotion Council (CEPC) data.SREINFRA 80.1 81.0 1.06RUCHISOYA 107.5 108.6 1.02 Per capita income of Indians grew by 14.5 per cent to Rs 46,492 in 2009-10 from RsSCI 114.3 111.9 (2.10) 40,605 in the year-ago period, as per the revised data released by the government .The new per capita income figure estimates on current market prices is over RsMARUTI 1252.9 1,237.0 (1.27) 2,000 more than the previous estimate of Rs 44,345 calculated by the CentralNTPC 189.1 187.2 (1.01) Statistical Organisation.ACC 991.7 981.8 (1.00)PNB 1104.5 1,096.0 (0.77) The government revised the GDP growth rate for the 2009-10 financial year upwardNATIONALUM 393.1 391.6 (0.37) to 8 per cent from the earlier estimate of 7.4 per cent on the back of improved performance of the manufacturing and services sectors.INSTITUTIONAL ACTIVITY (Rs Cr) 21-Jan 20-Jan YTDFII Cash Net (835) 38 129,439 Diversified business house Godrej said that it will invest up to Rs 1,500 crore toFII Stock Futures 82 3,999 (12,040) develop a real estate project, comprising luxury homes and a five-star hotel inFII Index Futures (814) (923) (10,840) Mumbai over the next six years.Mutual Fund 28 71 (27,937) Life Insurance Corporation (LIC) said that it has crossed the landmark 2.5 crore policies in the current year as of January 29.VALUATIONS P/E P/B DIV YLDBSE 20.0 3.5 1.1NSE 21.0 3.6 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 %ONGC 1,177.55 3.69 United Brew 473.35 7.67 Surana Inds 320 18.17BHEL 2,217.50 2.98 Edelweiss Cap 41.5 6.14 Shrenuj 46.05 17.32Hindalco Inds 229.40 2.73 KEC Intl 88.85 5.65 GEI Indl 198.95 11.36L&T 1,641.15 2.19 Cholamandalam Inv 174.9 5.49 Astra Micro 46.1 9.89Mahindra & Mahindra 712.05 2.18 Shree Global Trd 278.45 5.23 Bhansali Engr 39 9.4TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERSName Rs % Name Rs % Name Rs %Jaiprakash Asso 83.35 -4.69 Jain Irrigation 191.45 -10.81 Nagarjuna Agrichm 120.4 -14.09ITC 162.95 -3.18 Ramky Infra 253.25 -8.89 Hawkins Cook 995.15 -11.44HDFC 629.75 -2.73 CMC 1948 -5.8 Relaxo Foot 304 -9.73Bharti Airtel 318.55 -2.61 Nava Bharat Vent 287.75 -5.72 Dolphin Offsh 168 -7.39Reliance Infra 707.70 -2.31 Sanwaria Agro 125 -5.16 Simplex Proj 190 -7.36 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% 176.0BSEVivimed Labs Niraj Rajnikant Shah BUY 4.54% 304.0Gravita India Crosseas Capital Services BUY 1.50% 266.1Everonn H P Share Shoppe BUY 2.34% 693.5XPRO India Chander Kanta SELL 2.30% 70.3Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0

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