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Daily Newsletter - Sep 30, 2011


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Daily Newsletter - Sep 30, 2011

  1. 1. Sept 30, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 29-Sep 28-Sep % Change COMMENTARYBSE Sensex 16,698 16,446 1.53 INDIANSE Nifty 5,015 4,946 1.41 The Indian markets ended with healthy gains on the F&O expiry with the NSE Nifty re-conquering the 5000BSE Midcap 6,165 6,175 (0.16) mark. Earlier, the Indian markets opened lower amid reports of fresh differences among the EurozonesBSE Smallcap 6,942 6,949 (0.11) leaders on resolving the debt crisis and preventing Greece from defaulting. The sentiment was also partly hitNifty Junior 9,916 9,885 0.31 by a spate of bad news for the UPA II Government in the 2G scam and lingering worries over stubbornCNX Midcap 7,118 7,109 0.13 inflation, a hawkish RBI and global economic slowdown. However, the index changed tracks and rallied in the second half of the day due to short covering and expectations of positive news from Europe. The rally was led by Auto, IT, FMCG and Banking stocks. Among the major laggards were Capital Goods, ConsumerGLOBAL MARKETS 29-Sep 28-Sep % Change Durables and Pharma stocks. Finally, the BSE Sensex ended at 16,698, surging 252 points. The NSE NiftyDow Jones Ind (USA) 11,154 11,011 1.30 closed at 5,015, up 70 points. After markets shut, the German parliament backed the extension of Euro-zone rescue fund, with 523 votes ‘for’ and 85 votes ‘against’, which would help Greece avoid a bail out. MarketNasdaq Composite(USA) 2,481 2,492 (0.43) breadth was negative; 1,507 stocks declined for 1,265 stocks which advanced.S&P 500 (USA) 1,160 1,151 0.81 GLOBAL MARKETSFTSE 100 (UK) 5,197 5,218 (0.40) U.S. stocks rose, rebounding from an earlier loss, as lower-than-estimated claims for unemployment benefitsDAX (Germany) 5,640 5,579 1.10 and a vote by German lawmakers to expand a European bailout fund helped offset losses by technology andNikkei 225 (Tokyo) 8,701 8,615 1.00 consumer companies. The S&P 500 rallied as much as 2.2 percent early in the trading day, after the U.S.Hang Seng (Hong Kong) 18,011 18,011 (0.00) economy grew at a 1.3 percent pace in the second quarter, faster than previously estimated, andShanghai Comp (China) 2,365 2,392 (1.11) applications for jobless benefits dropped by a more-than- forecast 37,000 to 391,000, the fewest sinceKOSPI (South Korea) 1,769 1,723 2.68 April, according to government data. German Chancellor Angela Merkel gained support from lawmakers toSTI (Singapore) 2,708 2,701 0.26 expand the European Financial Stability Facility’s firepower. The Standard & Poor’s 500 Index closed 0.8 percent to 1,160, recovering from a 1 percent decline earlier. The Nasdaq Composite Index tumbled 0.4MSCI Emerging Market 345 346 (0.29) percent as Apple Inc. declined 1.6 percent, falling for a fourth straight day.MSCI Frontier Market 480 481 (0.21) Asian markets are trading mixed as Nikkei is up 0.25 percent, Hang Seng is down 0.9 percent, Strait Times is down 0.5 percent , Kospi is trading flat and Shanghai is up 0.4 percent.BOND MARKETS 29-Sep 28-Sep Change10yr G-Sec Yield 8.29 8.28 0.01 CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.34 8.34 0.00 The annual rate of inflation in the food space increased in the third week of September while inflation inLIBOR (6m) 0.21 0.21 0.00 the fuel group also rose, data released by the Government showed on Thursday. Annual inflation inLIBOR (1m) 0.16 0.16 0.00 the Food Articles group rose to 9.13% in the week ended September 17 from 8.84% in theInterbank Call rate 8.27 8.28 (0.01) previous week, the Commerce & Industry Ministry said in a statement. It was at 17.02% in the corresponding period of last year. Tata Steel will officially open its upgraded rail production facility in north-east France after a €35 mn BSE Turnover Rs Cr(000) Sensex investment. The investment in a range of new manufacturing equipment and expansion of the plant in 16800 3.5 Hayange, in the Lorraine region, means it can now produce longer 108-metre rails for the high-speed 3.0 networks in France as well as other European railways. Previously, the plant could produce rails up to 80 16600 metres long. 16400 2.5 2.0 Share Microfin Ltd.reportedly said that the banks including ICICI Bank Ltd. agreed to restructure 16200 1.5 about Rs. 12bn ($245mn) worth of debt and granted a year’s moratorium on repayments. According to 16000 1.0 reports, Share Microfin’s existing investors including Legatum Group are investing Rs. 48mn additional 15800 in the company. The loans will be restructured over seven years. 0.5 15600 0.0 Alstom announces the launch of the ECO 122 –a 2.7MW onshore wind turbine that combines high 23-Sep 26-Sep 27-Sep 28-Sep 29-Sep power and high capacity factor1to boost energy yield in low wind regions worldwide. The ECO122’s leading efficiency and high yield set a new benchmark for low wind sites. At a wind speed of 7.5 m/s the turbine delivers a net wind farm capacity factor of up to 42%, equivalent to 3,600 full-load hours each year. Its 122-metrerotor diameter and swept area of 11,700 m2 – the largest in the 2 MW to 3 MW NSE Turnover Rs Cr(000) Nifty turbine segment – maximise the harvest of energy and the return on investment to create new business 5050 14 opportunities for customers from low wind sites. 5000 12 4950 10 State-run National Aluminium Company (Nalco) said it planned to diversify into nuclear power 88.38 #DIV/0! generation by investing Rs 11,450 crore jointly with Nuclear Power Corporation of India in a project. 4900 8 4850 6 Healthcare major Apollo Hospitals said it will add 500 beds by the end of this fiscal, taking the total bed 4800 4 strength of the group to over 9,000. 4750 2 Hinduja Group flagship company Ashok Leyland said it had bagged an order worth Rs 178 crore 4700 0 ($36.56 million) from the government of Tanzania to supply 723 trucks, buses and special application 23-Sep 26-Sep 27-Sep 28-Sep 29-Sep vehicles.
  2. 2. Sept 30, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 29-Sep 28-Sep % Change CORPORATE NEWSAUTO 8,651 8,452 2.35% Axis Bank, Indias third largest private sector bank, announced the launch of ‘NISHCHINT’IT 5,339 5,232 2.03% a lifetime ‘Fixed Interest Home Loan Scheme’ which offers home buyers housing loans atFMCG 3,963 3,892 1.82% a fixed rate of 11.75% p.a. for the entire duration of the loan i.e. up to 20 years.OIL&GAS 8,551 8,425 1.49%BANKEX 11,055 10,895 1.46% Go Airlines (India) Ltd is planning to add six new flights across three new routes from 1.32% Oct 8 and will induct three Airbus A320 aircraft between October and April nextTECk 3,283 3,240 year, according to a report. The report stated that the addition of new routes acrossPOWER 2,160 2,139 0.99% Kolkata, Ranchi and Port Blair will increase GoAirs network to 21 destinations across India.PSU 7,526 7,498 0.37%REALTY 1,800 1,794 0.36% Working hard to lower its debt and interest costs, Kingfisher Airlines got guaranteesMETAL 11,299 11,267 0.28% worth over Rs 6,100 crore from chairman and key promoter Vijay Mallya last fiscal towardHC 5,903 5,910 -0.13% loan and other liabilities. For providing the additional level of collateral for its fundingCG 10,872 10,970 -0.89% needs, the company paid a little over Rs 50 crore to Mallya as guarantee and securityCD 6,297 6,384 -1.36% commission during the year ended March 31, 2011, Kingfisher has told its shareholders. The countrys largest private telecom operator Bharti Airtel entered into an agreement with Nokia Siemens Networks (NSN) to expand its 2G network and roll-out its 3G network in seven African countries for an undisclosed amount. Eros International Plc said it expected its full-year results to beat current marketBSE Upper Circuit Breakers expectations, driven by strong performances from film titles like "Zindagi Na MilegiCompany Name 29-Sep 28-Sep % Change Dobara" and "Ready". Eros said it expected the strong first-half performance to continueBrahmaputra Infra 88 80 10.00 in the second half, with a line-up expected to generate robust box-office returns. ErosKalyani Forge 158.6 151.0 5.00 boasts of a strong slate of movies that include "RA.One", starring A-listers Shahrukh KhanKothari World Fin 10.5 10.0 5.00 and Kareena Kapoor, and "Rockstar," featuring Ranbir Kapoor. Earlier this month, Eros signed a multi-film agreement with KT Corp, South Koreas No. 2 mobile carrier, toLS Inds 5.3 5.0 5.00 0 showcase 50 of its film titles on multiple digital platforms.Sharp Trading 215.3 205.0 5.00 Homegrown auto major Mahindra & Mahindra launched its global sports utility vehicle, XUV500, at an introductory price between Rs 10.8 lakh and Rs 11.95 lakh (ex- showroom, Delhi). State-run utility GAIL India said it had agreed to buy a 20% stake in one of Carrizo Oil &BSE Lower Circuit Breakers Gas Incs shale gas assets in the United States and would invest a total of $300 million 29-Sep 28-Sep % Change over the next five years. The company has become has become the first government-Company Name owned energy company to get a foothold in the US market.Blue Coast 179.65 189 (5.00)Mahaveer Infoway 19.4 20.4 (5.00) Cognizant, a leading provider of information technology, consulting and businessMODINATURAL 12.0 12.6 (5.00) process outsourcing services, has announced an expanded relationship with The HanoverVisisth Merc 145.4 153.1 (5.00) Insurance Group, Inc, a leading provider of property and casualty insuranceAUSOM ENT 33.4 35.1 (5.00) products, with the successful deployment of remote infrastructure management (RIM) services. United Spirits Ltd. is reportedly open to making a bid for premium scotch whiskey brand Teachers. Gujarat State Petroleum Corporation (GSPC) on Thursday entered into a preliminary agreement with BG India, subsidiary here of the BG Group, a global integrated natural gas company, for the long-term supply of up to 2.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG).COMMODITY 29-Sep 28-Sep % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 105 104 1.01Gold (Rs/10gm) 25,551 25,680 (0.50) Brent Crude Oil ended up by 1% at $105 per barrel. Gold ended lower by 050% at Rs 25,551 and Silver closed flat at Rs 50,436.Silver (Rs/kg) 50,436 50,406 0.06CURRENCY 29-Sep 28-Sep % Change The Indian Rupee closed lower against the dollar at Rs 48.97 as the Indian equityINR / USD 48.97 48.75 0.45 benchmarks ended on a positive note.USD / Euro 1.36 1.36 -Yen / USD 76.64 76.49 0.20
  3. 3. Sept 30, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSJSWISPAT 13.2 13.5 1.89 Emirates, one of the world’s fastest growing airlines, unveiled major new expansionMOSERBAER 22.4 22.8 1.56 plans for the United States, with the launch of daily services to Seattle and Dallas.INDIANB 216.8 220.0 1.50BIOCON 344.0 348.9 1.42 In the nine-month-old Indian tablet market, Samsung stands as the winner with theBHEL 1646.9 1,666.4 1.18 maximum amount of tablets sold in the country, a report by CyberMedia Research said.HINDUNILVR 340.0 344.0 1.16 In the last 9 months 1,58,000 tablets have been sold in India and Samsungs shareTULIP 164.6 159.1 (3.34) stands at 45.8%.DJIA 11355.0 11,147.5 (1.83)CROMPGREAV 155.0 152.7 (1.52) Prime Minister Manmohan Singh made an aerial survey of quake-ravaged areas ofAUROPHARMA 131.2 129.3 (1.49) Sikkim and announced Rs 1,000 crore as Central assistance to the state.DABUR 103.8 102.3 (1.40) Indian economy is seen growing close to 8% in the current fiscal year to March, said CPATNI 293.0 288.9 (1.38) Rangarajan, chairman of the prime ministers Economic Advisory Council, on Thursday. High interest rates have slowed growth in Asias third largest economy and privateINSTITUTIONAL ACTIVITY (Rs Cr) 21-Sep 20-Sep YTD economists have said that growth would be below 8% in FY12 though policymakers sayFII Cash Net 333.7 378.7 6,411 8 to 8.5% expansion is possible.FII Stock Futures -292.23 -321.45 4,499FII Index Futures -89.33 99.21 16,640Mutual Fund 216 -109.8 5,495VALUATIONS P/E P/B DIV YLDBSE 17.7 3.2 1.6NSE 17.6 3.1 1.6BSE500 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 %Jaiprakash Asso 74.4 6.29 HT Media 148.0 6.17 Electrotherm 135.5 19.96Tata Motors 160.95 3.21 Bombay Dyeing 378.5 5.76 Sterling Hol Res 102.6 9.97Infosys 2550 3.04 India Cements 72.7 4.98 GNRL 102.1 9.84HDFC Bank 470.65 2.94 Alok Inds 18.0 4.97 Tuni Textile 34.0 7.26Mahindra & Mahindra 812.6 2.93 KGN Inds 29.9 4.92 HSIL 175.3 6.79TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %L&T 1369.6 -2.47 Spicejet 21.2 -6.19 Kingfisher Air 22.9 -7.68Coal India 350.8 -1.32 JUBL FOOD 825.0 -5.21 RBN 79.2 -7.26Sterlite Inds 118.65 -1.17 HATHWAY CAB 89.8 -5.08 Marathon Next 208.0 -7.06SBI 1950.1 -0.94 Thermax 461.1 -5.06 NOUVEAU 6.6 -7.04Sun Pharma 467.5 -0.79 Shree Global Trd 268.3 -4.99 Gokaldas Expo 95.1 -6.49 BULK DEALSSCRIP NAME CLIENT NAME TYPE QTY % PRICENSEGitanjali Gems Limited JAIWANTI MERCANTILES PRIVATE LIMITED BUY 1.53% 346.3Hexaware Technologies Lim ELDER VENTURE LLP BUY 2.53% 74.7Rushil Decor Limited PRAKASHBHAI ISHWARBHAI RANA BUY 1.27% 185.0Gravita India Limited CROSSEAS CAPITAL SERVICES PVT SELL 0.63% 442.7Savera Industries Ltd MANOJ KUMAR GOEL BUY 1.23% 40.5BSEBeryl Drugs GLOBALWORTH SECURITIES LIMITED BUY 0.80% 12.8Bloom Dekor SUNIL SITARAM GUPTA BUY 1.20% 14.7Eastern Sugar INDO AUSTRO CORPORATION PVT LTD SELL 1.52% 17.3Gemstone Invest KIRAN BHIKU BHANAES BUY 2.50% 8.8Vertex Sec MANISH RAMESHBHAI VYAS SELL 0.63% 206.9