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Aug 23, 2011


Volume: 1 | Issue: 389| November 1, 2010


INDIAN MARKET *                             22-Aug       19-Aug              % Change     COMMENTARY
BSE Sensex                                  16,342       16,142                  1.24     INDIA
NSE Nifty                                    4,905        4,846                  1.23     On the auspicious day of Janmashtami, the bulls seemed to receive a major boost in the form of a strong
BSE Midcap                                   6,204        6,127                  1.25     trading session. The key Indian stock indices ended with smart gains at the end of a choppy session, starting
BSE Smallcap                                 7,113        7,005                  1.54     off the week on a positive note. Impressive buying was seen in Oil & Gas, Power, Metals, Capital Goods and
Nifty Junior                                 9,977        9,864                  1.14     FMCG stocks. Even the Mid-Cap and the Small-Cap stocks witnessed smart buying. The Sensex and the Nifty
                                                                                          started well but lost some ground in early afternoon before bouncing back in late trade. The sentiment got a
CNX Midcap                                   7,254        7,131                  1.71
                                                                                          fillip after the European markets rebounded from a weak opening, lifting the Nifty above 4900. Finally, the
                                                                                          BSE Sensex ended at 16,342 gaining 200 points. It had earlier touched a day's high of 16,370 and a day's low
                                                                                          of 16,046 after opening at 16,156. The NSE Nifty closed at 4,905 adding 53 points. Going ahead, markets
GLOBAL MARKETS                              22-Aug       19-Aug              % Change     would be looking towards Ben Bernanke's speech on monetary easing and a third round of quantitative
Dow Jones Ind (USA)                          10,855       10,817                  0.35    easing (QE3) on Friday. If there is another round of quantitative easing, it may lead to some pullback in
Nasdaq Composite(USA)                         2,345        2,342                  0.15    global markets.
S&P 500 (USA)                                 1,124        1,124                  0.02    BSE market breadth was positive. Out of 2,922 stocks traded, 1,803 advanced while 1,018 declined.
FTSE 100 (UK)                                 5,095        5,041                  1.08
DAX (Germany)                                 5,474        5,480                 (0.11)   GLOBAL MARKETS
Nikkei 225 (Tokyo)                            8,628        8,719                 (1.04)   Most U.S. stocks fell after Goldman Sachs Group Inc. (GS)’s decline in the last 15 minutes of trading wiped out
                                                                                          the day’s second Standard & Poor’s 500 Index rally, overshadowing gains by technology shares. Goldman
Hang Seng (Hong Kong)                        19,487       19,400                  0.45
                                                                                          Sachs slumped 4.7 percent to the lowest level since March 2009 after Reuters said Chief Executive Officer
Shanghai Comp (China)                         2,516        2,535                 (0.74)
                                                                                          Lloyd Blankfein hired a defense attorney. The company confirmed the report after the close of trading. About
KOSPI (South Korea)                           1,711        1,745                 (1.96)   10 stocks fell for every nine that rose on U.S. exchanges. The S&P 500 added less than 0.1 percent to 1,124.
STI (Singapore)                               2,732        2,733                 (0.05)   The benchmark gauge rallied as much as 2 percent, and posted an advance of 1.1 percent about three hours
MSCI Emerging Market                            375          384                 (2.34)   before markets closed. The Dow Jones Industrial Average rose 37 points, or 0.3 percent, to 10,855.
MSCI Frontier Market                            494          494                  0.00
                                                                                          Asian stocks are trading mixed; Nikkei is up by 0.35 percent, Hang Seng is down 0.53 percent, Strait Times is
                                                                                          down 0.73 percent and Shanghai is up 0.2 percent.
BOND MARKETS                                22-Aug       19-Aug                Change
10yr G-Sec Yield                               8.26         8.25                 0.01     CORPORATE/ ECONOMY NEWS
1yr G-Sec Yield                                8.16         8.16                 0.00      Steel Authority of India Ltd (SAIL) will invest Rs 10,264 crore to develop mines catering to its increased
LIBOR (6m)                                     0.39         0.39                 0.00      raw material requirement upon completion of an ambitious expansion programme. The Maharatna
LIBOR (1m)                                     0.16         0.16                 0.00      company has already embarked on a Rs 70,000 crore capacity expansion plan to ramp up its domestic
Interbank Call rate                            8.05         7.97                 0.08      output to 23.46 million tonnes per annum (MTPA) by 2012-13 from 14.35 MTPA at present.

                                                                                           Japanese auto maker Honda is expecting to roll out vehicles within the next 2-3 years from its second
                                                                                           Indian facility at Tapukara, in Rajasthan, after being put on hold indefinitely due to the global slowdown
                           BSE Turnover Rs Cr('000)         Sensex                         of 2008, reports stated.
 17000                                                                              3.0
 16800                                                                                     Gold financing company Muthoot Finance said that it planned to raise about Rs 6,000 crore in the
                                                                                    2.5    current fiscal to meet working capital requirements.The promoters of Muthoot Finance will also dilute 5%
 16600                                                                              2.0    of their share-holding in the next three years.
 16400
                                                                                    1.5
 16200                                                                                     The Centre has reportedly started with the preparation for its disinvestment for National Aluminium Co
 16000                                                                              1.0    Ltd (Nalco) and Hindustan Copper Ltd without follow-on offers (FPO). However, for SAIL, the
                                                                                    0.5    Government has revived the process for a combined exercise – stake-sale and an FPO.
 15800
 15600                                                                              0.0    Mphasis has clarified that there have been no CBI searches on MphasiS premises. Mphasis has the highest
           16-Aug         17-Aug             18-Aug     19-Aug         22-Aug              governance and ethics standards adhering to all statutory and legal requirements as applicable. Earlier
                                                                                           there were reports in some publications about CBI searches on MphasiS premises.

                                                                                           Low-cost air carrier IndiGo has flagged off its maiden foray into the international market with the launch
                      NSE Turnover Rs Cr('000)                       Nifty                 of flights to Muscat and Singapore, according to a repport. The report stated that the airline plans to
  5100                                                                            14       further expand its operations to touch down in Dubai and Bangkok from early next month. The round-trip
  5050                                                                            12       Mumbai-Muscat-Mumbai flights will commence from October 10, says report.
  5000                                                                            10
  4950                                          88.38                     #DIV/0!          The country's largest carmaker Maruti Suzuki India is aiming higher with plans to roll out a global car by
                                                                                  8
  4900                                                                                     2017.
                                                                                  6
  4850
  4800                                                                            4        Hyderabad based GVK Power and Infrastructure Ltd has bagged an additional 14% to their already
  4750                                                                            2        existing 29% stake in Bangalore International Airport Ltd, taking their holding to 43% and making the
                                                                                           company the largest share holder in the BIAL by buying Siemens stake.
  4700                                                                            0
           16-Aug         17-Aug              18-Aug    19-Aug           22-Aug
Aug 23, 2011



 Volume: 1 | Issue: 389| November 1, 2010

SECTOR                            22-Aug    19-Aug    % Change     CORPORATE NEWS
 OIL&GAS                            8,357     8,155       2.47%    Essar Energy Plc has reported a 49% jump in earnings for the first half of 2011 on the
POWER                               2,235     2,191       2.04%    back of higher refinery margins, but the London-listed firm said it continued to battle
METAL                              11,991    11,767       1.91%    delays related to regulatory approvals for its projects. Essar Energy's H1 earnings before
CG                                 11,724    11,536       1.63%    interest, tax, depreciation and amortisation (EBITDA) were up 49% to $477.9 million,
FMCG                                3,962     3,899       1.63%    while pre-tax profit was up 80% to $278.5 million.
CD                                  6,211     6,123       1.43%
                                                                   The Income Tax (I-T) department has slapped a tax demand of Rs 2,114 crore on IT firm
AUTO                                8,299     8,188       1.36%
                                                                   Mahindra Satyam (erstwhile Satyam Computer Services), after disallowing exemptions
PSU                                 7,812     7,717       1.23%    claimed by the company.
HC                                  5,901     5,835       1.13%
REALTY                              1,683     1,675       0.51%    Suzlon Energy Limited (SEL), wind turbine manufacturer, announced that it has won a
TECk                                3,031     3,024       0.24%    repeat order from the Malpani Group to set up, operate and maintain projects totalling
BANKEX                             10,749    10,763      -0.14%    29.70 mega watt.
IT                                  4,710     4,738      -0.59%
                                                                   JFE Steel Corp, the world's fifth-biggest steelmaker, said on Monday it would
                                                                   strengthen its ties with JSW Steel Ltd by either boosting its stake in the company or
                                                                   increasing its presence on the smaller firm's board.

                                                                   Shares in budget carrier SpiceJet rose almost 5% after a newspaper reported that
                                                                   private equity firm TPG Capital is negotiating to buy a minority stake in the company.
BSE Upper Circuit Breakers
Company Name                      22-Aug    19-Aug    % Change     Zuari Industries Ltd., has stopped receiving naphtha after a supply pipeline was shut
EUROTEX INDUSTRIES & EXPORTS         22.8      19.0      20.00     following a fire in western India, reports stated. Reports quoted, Anand Rajadhyaksha, a
MORGANITE CRUCIBLE                  319.2     266.0      20.00     spokesman for Zuari Inds as saying that, the company would get about 18,000 metric
HELLA INDIA LIGHTING                146.0     121.7      20.00     tons of naphtha a month.
GANDHIMATHI APPLIANCES              278.0     252.8      10.00                   0
RAJDHANI LEASING                    147.9     134.5      10.00     India’s largest real estate developer, DLF, plans to reduce its debt by Rs 2,500-3,000
                                                                   crore by the end of this financial year, according to group executive director Rajeev
                                                                   Talwar. The company aims to cut debt through the divestment of non-core assets,
                                                                   including hotels and plots of land that cannot be developed in the next five years

                                                                   Auto component maker JBM Auto said that it is planing to invest about 200 crore this
                                                                   fiscal in expanding production capacity at various locations across the country.
BSE Lower Circuit Breakers
Company Name                      22-Aug    19-Aug    % Change     Non-banking finance company Religare Finvest plans to increase its loan portfolio to
DUNLOP INDIA                         18.8      23.5      (19.80)   Rs 14,000 crore by the end of the current fiscal, betting big on the small and medium
WARREN TEA                          493.5     519.4       (5.00)   enterprises (SME) sector.
VERTEX SECURITIES                   184.4     194.1       (5.00)
                                                                   The country's nuclear power generation is expected to reach 20,000 MW in another 20
CONTROL PRINT                        33.3      35.0       (5.00)
                                                                   years, a top official of the Indira Gandhi Centre for Atomic Research (IGCAR) said on
JAMES HOTELS                         61.0      64.2       (5.00)   Monday.

                                                                   Jindal Steel & Power, a steel maker and power generator, has raised $475 million
                                                                   (about 2,137 crore) through the takeout financing route, to part finance expansion plans
                                                                   overseas, making it one of the largest such transactions by an Indian company. The
                                                                   Delhi-based company, which is part of the OP Jindal group, has raised the loan at 225
                                                                   basis points over the Libor, for a tenor of five years, with 10 large banks participating in
                                                                   the transaction. The banks include Standard Chartered, DBS, Citibank, Bank of Tokyo
                                                                   Mitsubishi, Mizuho, Barclays, RBS, ANZ, Credit Agricole and JP Morgan.




COMMODITY                         22-Aug    19-Aug    % Change     COMMODITY / CURRENCY NEWS
Brent Crude Oil (USD/bbl)            107       109        (1.24)
                                                          (0.01)   Brent Crude Oil ended 1.24 percent lower at $107 per barrel. Gold ended flat after
Gold (Rs/10gm)                    27,975    27,977
                                                                   touching all time high at Rs 27,975 and Silver closed down by 0.66 percent at Rs 65,817.
Silver (Rs/kg)                    65,817    66,252        (0.66)

                                                                   The Indian Rupee closed higer against the dollar at Rs 45.67 as the Indian equity
CURRENCY                          22-Aug    19-Aug    % Change     benchmarks ended on a positive note.
INR / USD                           45.67     45.74       (0.15)
USD / Euro                           1.44      1.43        0.70
Yen / USD                           76.79     76.43        0.47
Aug 23, 2011



 Volume: 1 | Issue: 389| November 1, 2010

FUTURES PREMIUM/DISC                   Cash          Futures                P/D%      ECONOMY / POLICY / GLOBAL NEWS
CENTURYTEX                             288.0            292.0                1.39     Skype announced it has entered into a definitive agreement to acquire GroupMe, a
MTNL                                    35.9             36.4                1.39     provider of mobile group messaging services that helps users stay in touch and make
SOBHA                                  222.1            225.0                1.31     decisions. GroupMe was founded in 2010 at the Techcrunch Disrupt Hackathon and is
JISLJALEQS                             165.0            166.8                1.06     headquartered in New York, New York. Terms of the acquisition will not be disclosed.
VOLTAS                                 115.5            116.6                1.00
TTML                                    18.4             18.5                0.82     As per data released by Life Insurance Council, the total assets held by the Life
COREPROTEC                             298.0            270.0               (9.40)    Insurance industry including Equity and Fixed income assets has witnessed 11.38 %
BEML                                   441.5            430.3               (2.54)    rise crossing Rs. 15 Lakh crores landmark to Rs. 15046.29bn as compared Rs.
FEDERALBNK                             353.5            345.1               (2.39)    13,508.50bn last year. The increase in AUM is despite fall in total premium incomes
BOSCHLTD                              7100.0          6,950.0               (2.11)    which declined marginally by 5.18 % y-o-y from Rs. 585.59bn to Rs. 555.23bn for Q1.
                                                                                      The Indian life industry in otherwise a difficult year, also reported a healthy 13% rise
ONMOBILE                                59.5             58.3               (2.02)
                                                                                      in renewal premium income to Rs. 37,221 crores for April – June 2011 quarter, as
ASHOKLEY                                25.1             24.6               (1.80)
                                                                                      compared to Rs. 32, 959 crores same period last year, This means increasing number of
                                                                                      policy-holders are renewing their respective policies, indicating that the policy-
INSTITUTIONAL ACTIVITY (Rs Cr)       10-Aug          09-Aug                   YTD     holders are taking an informed decision and are been advised well, resulting in better
FII Cash Net                            249           (1,960)               8,390     conservation ratio for the industry.
FII Stock Futures                       216              719                 (435)
FII Index Futures                     1,528             (169)               8,917     The worldwide business process outsourcing (BPO) market is forecast to grow by 6.3%
Mutual Fund                             295              525                5,186     globally and 17.9% in the Asia-Pacific during the year 2011, says a study by market
                                                                                      research firm Gartner
VALUATIONS                               P/E                P/B          DIV YLD
BSE                                     18.4                 3.4              1.5
NSE                                     18.2                 3.1              1.4
BSE500 Mcap/GDP Ratio                   0.59

                                                                               MOVERS & SHAKERS
                                                                                                                                             4.91
TOP 5 FRONTLINE GAINERS                                            TOP 5 MIDCAP GAINERS                                 TOP 5 SMALLCAP GAINERS
                  Name                 Rs            %                      Name                Rs            %                       Name                   Rs         %
Jaiprakash Asso                       62.7          5.38           Orchid Chem                 199.8        10.60       Inox Leisure                        42.8      19.89
ONGC                                 286.8          3.99           Shree Renuka Sug             57.7        10.01       Om Metals                           27.5      16.77
Wipro                                332.5          3.74           Spicejet                     24.3        9.95        Bhansali Engr                       33.5      15.34
Tata Power                           1090.7         3.60           Dewan Housing               214.9        8.26        Bannari Amman Sug                   532.1     12.84
Bajaj Auto                           1482.1         3.56           Aban Offshore               370.8        7.70        Unisys Soft                         79.9      12.77

TOP 5 FRONTLINE LOSERS                                             TOP 5 MIDCAP LOSERS                                  TOP 5 SMALLCAP LOSERS
         Name                          Rs            %                  Name                    Rs            %                       Name                   Rs         %
DLF                                  182.7          -2.25          Ramky Infra                  227.1       -15.75      Dunlop India                        18.8      -19.83
HDFC Bank                            452.7            -2           Nava Bharat Vent             175.6        -8.83      Falcon Tyres                        45.5       -9.91
Infosys                              2194.1         -1.41          Aurobindo Phar               125.2        -8.72      Confidence Petro                    10.8       -9.62
TCS                                  918.3          -1.24          3M India                   4,500.1        -6.74      AGCNET                              120.0      -6.10
Mahindra & Mahindra                  714.4          -0.66          KGN Inds                      34.8        -4.92      Karuturi Glob                        7.5       -5.78

                                                                                     BULK DEALS
SCRIP NAME                                     CLIENT NAME                                                                    TYPE                  QTY %             PRICE
NSE
MindTree Limited                               Coffee Day Resorts Pvt Ltd                                                     BUY                   5.68%                428.0
MindTree Limited                               Ashok Soota                                                                    SELL                  5.50%                428.0
Bharat Forge Ltd                               Barclays Capital Mauritius Limited                                             SELL                  0.55%                307.6
Balrampur Chini Mills                          Balrampur Chini Mills Ltd                                                      BUY                   0.86%                 62.9
Balrampur Chini Mills                          Barclays Capital Mauritius Limited                                             SELL                  0.87%                 61.9
BSE
Bedmutha Inds                                  INVENTURE GROWTH & SECURITIES LTD.                                             BUY                   1.23%                123.0
BGIL Films                                     KAILASH CHANDRA                                                                BUY                   0.80%                  4.7
Gemstone Invest                                SUKRATI CONSULTANCY SERVICES                                                   SELL                  2.25%                  8.9
Monnet Ispat                                   BLACKSTONE MANAGEMENT PARTNERS                                                 BUY                   1.80%                478.1
Sanraa Media                                   JMP SECURITIES PVT LTD                                                         BUY                   2.30%                  0.1

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Daily Newsletter: 23nd August, 2011

  • 1. Aug 23, 2011 Volume: 1 | Issue: 389| November 1, 2010 INDIAN MARKET * 22-Aug 19-Aug % Change COMMENTARY BSE Sensex 16,342 16,142 1.24 INDIA NSE Nifty 4,905 4,846 1.23 On the auspicious day of Janmashtami, the bulls seemed to receive a major boost in the form of a strong BSE Midcap 6,204 6,127 1.25 trading session. The key Indian stock indices ended with smart gains at the end of a choppy session, starting BSE Smallcap 7,113 7,005 1.54 off the week on a positive note. Impressive buying was seen in Oil & Gas, Power, Metals, Capital Goods and Nifty Junior 9,977 9,864 1.14 FMCG stocks. Even the Mid-Cap and the Small-Cap stocks witnessed smart buying. The Sensex and the Nifty started well but lost some ground in early afternoon before bouncing back in late trade. The sentiment got a CNX Midcap 7,254 7,131 1.71 fillip after the European markets rebounded from a weak opening, lifting the Nifty above 4900. Finally, the BSE Sensex ended at 16,342 gaining 200 points. It had earlier touched a day's high of 16,370 and a day's low of 16,046 after opening at 16,156. The NSE Nifty closed at 4,905 adding 53 points. Going ahead, markets GLOBAL MARKETS 22-Aug 19-Aug % Change would be looking towards Ben Bernanke's speech on monetary easing and a third round of quantitative Dow Jones Ind (USA) 10,855 10,817 0.35 easing (QE3) on Friday. If there is another round of quantitative easing, it may lead to some pullback in Nasdaq Composite(USA) 2,345 2,342 0.15 global markets. S&P 500 (USA) 1,124 1,124 0.02 BSE market breadth was positive. Out of 2,922 stocks traded, 1,803 advanced while 1,018 declined. FTSE 100 (UK) 5,095 5,041 1.08 DAX (Germany) 5,474 5,480 (0.11) GLOBAL MARKETS Nikkei 225 (Tokyo) 8,628 8,719 (1.04) Most U.S. stocks fell after Goldman Sachs Group Inc. (GS)’s decline in the last 15 minutes of trading wiped out the day’s second Standard & Poor’s 500 Index rally, overshadowing gains by technology shares. Goldman Hang Seng (Hong Kong) 19,487 19,400 0.45 Sachs slumped 4.7 percent to the lowest level since March 2009 after Reuters said Chief Executive Officer Shanghai Comp (China) 2,516 2,535 (0.74) Lloyd Blankfein hired a defense attorney. The company confirmed the report after the close of trading. About KOSPI (South Korea) 1,711 1,745 (1.96) 10 stocks fell for every nine that rose on U.S. exchanges. The S&P 500 added less than 0.1 percent to 1,124. STI (Singapore) 2,732 2,733 (0.05) The benchmark gauge rallied as much as 2 percent, and posted an advance of 1.1 percent about three hours MSCI Emerging Market 375 384 (2.34) before markets closed. The Dow Jones Industrial Average rose 37 points, or 0.3 percent, to 10,855. MSCI Frontier Market 494 494 0.00 Asian stocks are trading mixed; Nikkei is up by 0.35 percent, Hang Seng is down 0.53 percent, Strait Times is down 0.73 percent and Shanghai is up 0.2 percent. BOND MARKETS 22-Aug 19-Aug Change 10yr G-Sec Yield 8.26 8.25 0.01 CORPORATE/ ECONOMY NEWS 1yr G-Sec Yield 8.16 8.16 0.00 Steel Authority of India Ltd (SAIL) will invest Rs 10,264 crore to develop mines catering to its increased LIBOR (6m) 0.39 0.39 0.00 raw material requirement upon completion of an ambitious expansion programme. The Maharatna LIBOR (1m) 0.16 0.16 0.00 company has already embarked on a Rs 70,000 crore capacity expansion plan to ramp up its domestic Interbank Call rate 8.05 7.97 0.08 output to 23.46 million tonnes per annum (MTPA) by 2012-13 from 14.35 MTPA at present. Japanese auto maker Honda is expecting to roll out vehicles within the next 2-3 years from its second Indian facility at Tapukara, in Rajasthan, after being put on hold indefinitely due to the global slowdown BSE Turnover Rs Cr('000) Sensex of 2008, reports stated. 17000 3.0 16800 Gold financing company Muthoot Finance said that it planned to raise about Rs 6,000 crore in the 2.5 current fiscal to meet working capital requirements.The promoters of Muthoot Finance will also dilute 5% 16600 2.0 of their share-holding in the next three years. 16400 1.5 16200 The Centre has reportedly started with the preparation for its disinvestment for National Aluminium Co 16000 1.0 Ltd (Nalco) and Hindustan Copper Ltd without follow-on offers (FPO). However, for SAIL, the 0.5 Government has revived the process for a combined exercise – stake-sale and an FPO. 15800 15600 0.0 Mphasis has clarified that there have been no CBI searches on MphasiS premises. Mphasis has the highest 16-Aug 17-Aug 18-Aug 19-Aug 22-Aug governance and ethics standards adhering to all statutory and legal requirements as applicable. Earlier there were reports in some publications about CBI searches on MphasiS premises. Low-cost air carrier IndiGo has flagged off its maiden foray into the international market with the launch NSE Turnover Rs Cr('000) Nifty of flights to Muscat and Singapore, according to a repport. The report stated that the airline plans to 5100 14 further expand its operations to touch down in Dubai and Bangkok from early next month. The round-trip 5050 12 Mumbai-Muscat-Mumbai flights will commence from October 10, says report. 5000 10 4950 88.38 #DIV/0! The country's largest carmaker Maruti Suzuki India is aiming higher with plans to roll out a global car by 8 4900 2017. 6 4850 4800 4 Hyderabad based GVK Power and Infrastructure Ltd has bagged an additional 14% to their already 4750 2 existing 29% stake in Bangalore International Airport Ltd, taking their holding to 43% and making the company the largest share holder in the BIAL by buying Siemens stake. 4700 0 16-Aug 17-Aug 18-Aug 19-Aug 22-Aug
  • 2. Aug 23, 2011 Volume: 1 | Issue: 389| November 1, 2010 SECTOR 22-Aug 19-Aug % Change CORPORATE NEWS OIL&GAS 8,357 8,155 2.47% Essar Energy Plc has reported a 49% jump in earnings for the first half of 2011 on the POWER 2,235 2,191 2.04% back of higher refinery margins, but the London-listed firm said it continued to battle METAL 11,991 11,767 1.91% delays related to regulatory approvals for its projects. Essar Energy's H1 earnings before CG 11,724 11,536 1.63% interest, tax, depreciation and amortisation (EBITDA) were up 49% to $477.9 million, FMCG 3,962 3,899 1.63% while pre-tax profit was up 80% to $278.5 million. CD 6,211 6,123 1.43% The Income Tax (I-T) department has slapped a tax demand of Rs 2,114 crore on IT firm AUTO 8,299 8,188 1.36% Mahindra Satyam (erstwhile Satyam Computer Services), after disallowing exemptions PSU 7,812 7,717 1.23% claimed by the company. HC 5,901 5,835 1.13% REALTY 1,683 1,675 0.51% Suzlon Energy Limited (SEL), wind turbine manufacturer, announced that it has won a TECk 3,031 3,024 0.24% repeat order from the Malpani Group to set up, operate and maintain projects totalling BANKEX 10,749 10,763 -0.14% 29.70 mega watt. IT 4,710 4,738 -0.59% JFE Steel Corp, the world's fifth-biggest steelmaker, said on Monday it would strengthen its ties with JSW Steel Ltd by either boosting its stake in the company or increasing its presence on the smaller firm's board. Shares in budget carrier SpiceJet rose almost 5% after a newspaper reported that private equity firm TPG Capital is negotiating to buy a minority stake in the company. BSE Upper Circuit Breakers Company Name 22-Aug 19-Aug % Change Zuari Industries Ltd., has stopped receiving naphtha after a supply pipeline was shut EUROTEX INDUSTRIES & EXPORTS 22.8 19.0 20.00 following a fire in western India, reports stated. Reports quoted, Anand Rajadhyaksha, a MORGANITE CRUCIBLE 319.2 266.0 20.00 spokesman for Zuari Inds as saying that, the company would get about 18,000 metric HELLA INDIA LIGHTING 146.0 121.7 20.00 tons of naphtha a month. GANDHIMATHI APPLIANCES 278.0 252.8 10.00 0 RAJDHANI LEASING 147.9 134.5 10.00 India’s largest real estate developer, DLF, plans to reduce its debt by Rs 2,500-3,000 crore by the end of this financial year, according to group executive director Rajeev Talwar. The company aims to cut debt through the divestment of non-core assets, including hotels and plots of land that cannot be developed in the next five years Auto component maker JBM Auto said that it is planing to invest about 200 crore this fiscal in expanding production capacity at various locations across the country. BSE Lower Circuit Breakers Company Name 22-Aug 19-Aug % Change Non-banking finance company Religare Finvest plans to increase its loan portfolio to DUNLOP INDIA 18.8 23.5 (19.80) Rs 14,000 crore by the end of the current fiscal, betting big on the small and medium WARREN TEA 493.5 519.4 (5.00) enterprises (SME) sector. VERTEX SECURITIES 184.4 194.1 (5.00) The country's nuclear power generation is expected to reach 20,000 MW in another 20 CONTROL PRINT 33.3 35.0 (5.00) years, a top official of the Indira Gandhi Centre for Atomic Research (IGCAR) said on JAMES HOTELS 61.0 64.2 (5.00) Monday. Jindal Steel & Power, a steel maker and power generator, has raised $475 million (about 2,137 crore) through the takeout financing route, to part finance expansion plans overseas, making it one of the largest such transactions by an Indian company. The Delhi-based company, which is part of the OP Jindal group, has raised the loan at 225 basis points over the Libor, for a tenor of five years, with 10 large banks participating in the transaction. The banks include Standard Chartered, DBS, Citibank, Bank of Tokyo Mitsubishi, Mizuho, Barclays, RBS, ANZ, Credit Agricole and JP Morgan. COMMODITY 22-Aug 19-Aug % Change COMMODITY / CURRENCY NEWS Brent Crude Oil (USD/bbl) 107 109 (1.24) (0.01) Brent Crude Oil ended 1.24 percent lower at $107 per barrel. Gold ended flat after Gold (Rs/10gm) 27,975 27,977 touching all time high at Rs 27,975 and Silver closed down by 0.66 percent at Rs 65,817. Silver (Rs/kg) 65,817 66,252 (0.66) The Indian Rupee closed higer against the dollar at Rs 45.67 as the Indian equity CURRENCY 22-Aug 19-Aug % Change benchmarks ended on a positive note. INR / USD 45.67 45.74 (0.15) USD / Euro 1.44 1.43 0.70 Yen / USD 76.79 76.43 0.47
  • 3. Aug 23, 2011 Volume: 1 | Issue: 389| November 1, 2010 FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS CENTURYTEX 288.0 292.0 1.39 Skype announced it has entered into a definitive agreement to acquire GroupMe, a MTNL 35.9 36.4 1.39 provider of mobile group messaging services that helps users stay in touch and make SOBHA 222.1 225.0 1.31 decisions. GroupMe was founded in 2010 at the Techcrunch Disrupt Hackathon and is JISLJALEQS 165.0 166.8 1.06 headquartered in New York, New York. Terms of the acquisition will not be disclosed. VOLTAS 115.5 116.6 1.00 TTML 18.4 18.5 0.82 As per data released by Life Insurance Council, the total assets held by the Life COREPROTEC 298.0 270.0 (9.40) Insurance industry including Equity and Fixed income assets has witnessed 11.38 % BEML 441.5 430.3 (2.54) rise crossing Rs. 15 Lakh crores landmark to Rs. 15046.29bn as compared Rs. FEDERALBNK 353.5 345.1 (2.39) 13,508.50bn last year. The increase in AUM is despite fall in total premium incomes BOSCHLTD 7100.0 6,950.0 (2.11) which declined marginally by 5.18 % y-o-y from Rs. 585.59bn to Rs. 555.23bn for Q1. The Indian life industry in otherwise a difficult year, also reported a healthy 13% rise ONMOBILE 59.5 58.3 (2.02) in renewal premium income to Rs. 37,221 crores for April – June 2011 quarter, as ASHOKLEY 25.1 24.6 (1.80) compared to Rs. 32, 959 crores same period last year, This means increasing number of policy-holders are renewing their respective policies, indicating that the policy- INSTITUTIONAL ACTIVITY (Rs Cr) 10-Aug 09-Aug YTD holders are taking an informed decision and are been advised well, resulting in better FII Cash Net 249 (1,960) 8,390 conservation ratio for the industry. FII Stock Futures 216 719 (435) FII Index Futures 1,528 (169) 8,917 The worldwide business process outsourcing (BPO) market is forecast to grow by 6.3% Mutual Fund 295 525 5,186 globally and 17.9% in the Asia-Pacific during the year 2011, says a study by market research firm Gartner VALUATIONS P/E P/B DIV YLD BSE 18.4 3.4 1.5 NSE 18.2 3.1 1.4 BSE500 Mcap/GDP Ratio 0.59 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % Jaiprakash Asso 62.7 5.38 Orchid Chem 199.8 10.60 Inox Leisure 42.8 19.89 ONGC 286.8 3.99 Shree Renuka Sug 57.7 10.01 Om Metals 27.5 16.77 Wipro 332.5 3.74 Spicejet 24.3 9.95 Bhansali Engr 33.5 15.34 Tata Power 1090.7 3.60 Dewan Housing 214.9 8.26 Bannari Amman Sug 532.1 12.84 Bajaj Auto 1482.1 3.56 Aban Offshore 370.8 7.70 Unisys Soft 79.9 12.77 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % DLF 182.7 -2.25 Ramky Infra 227.1 -15.75 Dunlop India 18.8 -19.83 HDFC Bank 452.7 -2 Nava Bharat Vent 175.6 -8.83 Falcon Tyres 45.5 -9.91 Infosys 2194.1 -1.41 Aurobindo Phar 125.2 -8.72 Confidence Petro 10.8 -9.62 TCS 918.3 -1.24 3M India 4,500.1 -6.74 AGCNET 120.0 -6.10 Mahindra & Mahindra 714.4 -0.66 KGN Inds 34.8 -4.92 Karuturi Glob 7.5 -5.78 BULK DEALS SCRIP NAME CLIENT NAME TYPE QTY % PRICE NSE MindTree Limited Coffee Day Resorts Pvt Ltd BUY 5.68% 428.0 MindTree Limited Ashok Soota SELL 5.50% 428.0 Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 0.55% 307.6 Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 0.86% 62.9 Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9 BSE Bedmutha Inds INVENTURE GROWTH & SECURITIES LTD. BUY 1.23% 123.0 BGIL Films KAILASH CHANDRA BUY 0.80% 4.7 Gemstone Invest SUKRATI CONSULTANCY SERVICES SELL 2.25% 8.9 Monnet Ispat BLACKSTONE MANAGEMENT PARTNERS BUY 1.80% 478.1 Sanraa Media JMP SECURITIES PVT LTD BUY 2.30% 0.1