How Automation is Driving Efficiency Through the Last Mile of Reporting
Daily Newsletter for 22nd November, 2010
1. COMMENTARY INDIAN MARKET 19-Nov 18-Nov % Change
BSE Sensex 19,585 19,930 (1.73)
NSE Nifty 5,890 5,999 (1.81)
BSE Midcap 8,077 8,241 (1.99)
BSE Smallcap 10,237 10,455 (2.08)
Nifty Junior 12,672 12,907 (1.82)
CNX Midcap 9,192 9,348 (1.67)
GLOBAL MARKETS 19-Nov 18-Nov % Change
Dow Jones Ind (USA) 11,204 11,181 0.20
Nasdaq Composite(USA) 2,518 2,514 0.16
S&P 500 (USA) 1,200 1,197 0.25
FTSE 100 (UK) 5,733 5,769 (0.62)
DAX (Germany) 6,844 6,832 0.17
10,022 10,014 0.09
23,606 23,637 (0.13)
Shanghai Comp (China) 2,889 2,865 0.81
KOSPI (South Korea) 1,941 1,928 0.68
STI (Singapore) 3,197 3,215 (0.56)
MSCI Emerging Market 579 580 (0.21)
MSCI Frontier Market 425 421 0.91
CORPORATE/ ECONOMY NEWS BOND MARKETS 19-Nov 18-Nov Change
10yr G-Sec Yield 7.94 7.92 0.02
1yr G-Sec Yield 7.07 7.07 0.00
LIBOR (6m) 0.45 0.45 0.00
LIBOR (1m) 0.25 0.25 0.00
Interbank Call rate 6.6 6.8 (0.18)
Nikkei 225 (Tokyo)
Hang Seng (Hong Kong)
Volume: 1 | Issue: 402| November 23, 2010
INDIA
The Bombay Stock Exchange benchmark Sensex plunged over 300 points at the end of session
on Friday due to heavy selling by funds and retail investors amid mixed Asian cues. The Volume
toppers were SBI, RIL, Tata Steel, Tata Motors and Bharti Airtel. Major Sensex losers were RIL,
Infosys, TCS, SBI, HDFC Bank, ICICI Bank and Tata Motors while L&T, Hero Honda and Bharti Airtel
gained. The Sensex was down 345.55 points at 19,585.09 and the broader Nifty was down 118.30
points at 5,880.50. The Small-Cap and the Mid-Cap indices on the BSE actually took a severe
beating by 1.7% and 1.8%
Of the total 3,101 stocks traded, 699 advanced, 2,336 declined and 66 remained unchanged.
GLOBAL MARKETS
U.S. stocks advanced, sending the Standard & Poor’s 500 Index up for a third day in a week, as
higher-than- estimated profit at Dell Inc. and a dividend increase at Nike Inc. overshadowed
concern China’s steps to slow inflation will stifle global economic growth. Additionally US jobless
benefits hit a two-year low last week and factory activity in the country's Mid-Atlantic region
accelerated in November, suggesting the economy's recovery was gaining speed. The Dow Jones
industrial gained 0.20 per cent to 11,204 . The Standard & Poor's 500 Index gained 0.25 percent at
1,200 while the Nasdaq ended flat at 2,518.
Asian Markets are trading on a mixed note. The Nikkei is up by 0.9% while the Hang Seng is down
by 0.2%
Looking to cash in on the boom in auto sales, domestic utility vehicle major Mahindra &
Mahindra has lined up as many as seven new products in the passenger vehicle segment that will
hit the roads over the next 15-18 months. The company, which has lined up investments in excess
of Rs 7,000 crore over 2011-13, will focus on the multi- and sports-utility space.
State-run National Aluminium Co Ltd (NALCO) has cut its aluminium prices by 4,000 rupees per
tonne for domestic market after the rate of the metal dropped on the London Metal Exchange
`
0
5
10
15
20
25
5750
5800
5850
5900
5950
6000
6050
6100
6150
12-Nov 15-Nov 16-Nov 18-Nov 19-Nov
NSE Turnover Rs Cr('000) Nifty
4.2
4.4
4.6
4.8
5.0
5.2
5.4
19200
19400
19600
19800
20000
20200
20400
12-Nov 15-Nov 16-Nov 18-Nov 19-Nov
BSE Turnover Rs Cr('000) Sensex
Volume: 1 | Issue: 402| November 23, 2010
INDIA
The Bombay Stock Exchange benchmark Sensex plunged over 300 points at the end of session
on Friday due to heavy selling by funds and retail investors amid mixed Asian cues. The Volume
toppers were SBI, RIL, Tata Steel, Tata Motors and Bharti Airtel. Major Sensex losers were RIL,
Infosys, TCS, SBI, HDFC Bank, ICICI Bank and Tata Motors while L&T, Hero Honda and Bharti Airtel
gained. The Sensex was down 345.55 points at 19,585.09 and the broader Nifty was down 118.30
points at 5,880.50. The Small-Cap and the Mid-Cap indices on the BSE actually took a severe
beating by 1.7% and 1.8%
Of the total 3,101 stocks traded, 699 advanced, 2,336 declined and 66 remained unchanged.
GLOBAL MARKETS
U.S. stocks advanced, sending the Standard & Poor’s 500 Index up for a third day in a week, as
higher-than- estimated profit at Dell Inc. and a dividend increase at Nike Inc. overshadowed
concern China’s steps to slow inflation will stifle global economic growth. Additionally US jobless
benefits hit a two-year low last week and factory activity in the country's Mid-Atlantic region
accelerated in November, suggesting the economy's recovery was gaining speed. The Dow Jones
industrial gained 0.20 per cent to 11,204 . The Standard & Poor's 500 Index gained 0.25 percent at
1,200 while the Nasdaq ended flat at 2,518.
Asian Markets are trading on a mixed note. The Nikkei is up by 0.9% while the Hang Seng is down
by 0.2%
Disclaimer:This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public
distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you
obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or
entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own investigations and seek
professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or due to any inadvertent error in
the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to making any investment
decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an
investmentor fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment
results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA
Looking to cash in on the boom in auto sales, domestic utility vehicle major Mahindra &
Mahindra has lined up as many as seven new products in the passenger vehicle segment that will
hit the roads over the next 15-18 months. The company, which has lined up investments in excess
of Rs 7,000 crore over 2011-13, will focus on the multi- and sports-utility space.
State-run National Aluminium Co Ltd (NALCO) has cut its aluminium prices by 4,000 rupees per
tonne for domestic market after the rate of the metal dropped on the London Metal Exchange
(LME).
Telecom service provider Aircel entered into an agreement with UK based multi-media mobile
messages firm Blyk to offer interactive content to Aircel users
Country's largest private lender ICICI bank has said that its credit will grow at a hefty 18 per cent
this fiscal, contrary to a meagre 1.8 per cent expansion in the first half, largely on account of
buoyant corporate and retail businesses.
Leading textile player, Alok Industries has drawn up Rs 800 crore capex plan for the next two
years period, a top company official said in Mumbai.
SKS Microfinance, India's only listed microlender, said its balance sheet was healthy as a second
state announced it would investigate companies offering small loans to the poor. It has not asked
for any emergency funding and the country's only listed micro lender has "sufficient support"
from banks.
State-run lender Oriental Bank of Commerce plans to open three overseas branches in three
years, Chairman T.Y. Prabhu told reporters on Friday.
Cumulative dues of all private airlines to the AAI is about Rs 375.13 crore of which, Kingfisher
owes the major share of Rs 224.82 crore. Dues of Jet Airways and JetLite combined stood at Rs
50.36 crore
Tata Power that aims to produce at least 25 per cent of its total power generation from clean
sources by 2017, will invest around Rs 5,000 crore in wind-energy alone.
.
2. CORPORATE NEWS SECTOR 19-Nov 18-Nov % Change
Capital Goods 15,625 15,741 (0.73)
FMCG 3,595 3,622 (0.75)
Healthcare 6,580 6,676 (1.44)
Teck 3,618 3,672 (1.49)
Auto 9,941 10,123 (1.80)
PSU 9,648 9,829 (1.84)
IT 5,890 6,008 (1.97)
Bankex 13,705 13,992 (2.05)
Power 2,981 3,045 (2.08)
Consumer Durables 6,456 6,620 (2.47)
Metal 16,461 16,891 (2.55)
Oil&Gas 10,227 10,499 (2.59)
Realty 3,174 3,300 (3.84)
BSE Upper Circuit Breakers
Company Name 19-Nov 18-Nov % Change
232.8 211.7 10.00
69.3 66.0 5.00
131.3 125.0 5.00
0 169.9 161.9 5.00
188.9 179.9 5.00
BSE Lower Circuit Breakers
Citurgia Biochemicals
MPIL Corp
Binny
Cimmco Birla
Fusion Fittings
Volume: 1 | Issue: 402| November 22, 2010
Triveni Engineering & Industries reported a 74 decline in its net profit for the quarter ended
September 30, on lose in sugar business due to high cane prices. The company's net profit for the
financial year ended September 30, also declined by 46 per cent to Rs 90.84 crore as against Rs
169.76 crore in the comparable period last year.
Tata Motors announced open sale of Tata Nano in Gujarat, Andhra Pradesh, Jharkhand, Bihar,
Madhya Pradesh and Chhattisgarh from November 22, 2010.
State-run MOIL, whose IPO will hit the market on November 26, has drawn-up plans to invest
over Rs 900 crore in capacity expansion and forward integration activities in the next five years.
Steel pipe maker APL Apollo Tubes said that it has acquired Maharashtra-based Lloyds Line
Pipes for Rs 40 crore in an all cash deal against the earlier announced deal, which included part
payment in shares as well.
Mukesh Ambani-owned Reliance Industries informed that its crude distillation unit number one
and coker unit at the Jamnagar refinery complex, have been safely restarted on November 17,
2010.The unit was under planned shutdown to carry out maintenance activities from last week of
October, 2010. Reliance said that it is currently and is operating satisfactorily.
Leading IT company MindTree said it plans to forge an alliance with leading educational
institutes in the country for an initiative aimed at setting up digital infrastructure and formulating
a curriculum tailor-made to the present requirement of the industry.
State-run oil marketing company Indian Oil said that it will invest about Rs 900 crore to pick up
a 26 per cent stake in Nuclear Power Corporation's 1,400-MW atomic power project at Kota, in
Rajasthan.
State-owned Indian Oil Corporation said that it expects to launch its follow-on public offer in
the third or fourth week of January.
Infrastructure company Hindustan Construction Company informed the stock exchange that BSE Lower Circuit Breakers
Company Name 19-Nov 18-Nov % Change
9024.1 10026.7 (10.00)
121.6 127.9 (5.00)
77508.3 81587.6 (5.00)
95.4 100.4 (5.00)
19.6 20.6 (5.00)
COMMODITY / CURRENCY NEWS COMMODITY 19-Nov 18-Nov % Change
Crude Oil (USD/bbl) 81.7 82.2 (0.64)
Gold (Rs/10gm) 20,069.0 20,036.0 0.16
Silver (Rs/kg) 41,236.0 40,668.0 1.40
CURRENCY 19-Nov 18-Nov % Change
INR / USD 45.28 45.32 (0.09)
USD / Euro 1.36 1.36 -
Yen / USD 83.46 83.55 (0.11)
Hittco Tools
Kaycee Industries
VAS Infra
OMDC
Bedmutha Industries
Volume: 1 | Issue: 402| November 22, 2010
Light Sweet Crude Oil on Friday closed down by 0.64 % at $81.7 per barrel. Gold closed up by 0.16 %
at Rs 20,069 and Silver closed up by 1.4 % at Rs. 41,236.
The Indian Rupee closed higher against the dollar at 45.28 as the Indian equity benchmarks ended
on a negative note.
Disclaimer:This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public distribution and has been
furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you obtain written consent from FSWA. While reasonable care
to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or entity associated with it. The document is prepared only for your information and is not sufficient
for making an investment decision. You should rely on your own investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from
the use of this document or due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to
making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an investment
or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment results or losses arising out of investment
decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this
service or discontinue, temporarily or permanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification,
or termination of the information and services provided herein.
Triveni Engineering & Industries reported a 74 decline in its net profit for the quarter ended
September 30, on lose in sugar business due to high cane prices. The company's net profit for the
financial year ended September 30, also declined by 46 per cent to Rs 90.84 crore as against Rs
169.76 crore in the comparable period last year.
Tata Motors announced open sale of Tata Nano in Gujarat, Andhra Pradesh, Jharkhand, Bihar,
Madhya Pradesh and Chhattisgarh from November 22, 2010.
State-run MOIL, whose IPO will hit the market on November 26, has drawn-up plans to invest
over Rs 900 crore in capacity expansion and forward integration activities in the next five years.
Steel pipe maker APL Apollo Tubes said that it has acquired Maharashtra-based Lloyds Line
Pipes for Rs 40 crore in an all cash deal against the earlier announced deal, which included part
payment in shares as well.
Mukesh Ambani-owned Reliance Industries informed that its crude distillation unit number one
and coker unit at the Jamnagar refinery complex, have been safely restarted on November 17,
2010.The unit was under planned shutdown to carry out maintenance activities from last week of
October, 2010. Reliance said that it is currently and is operating satisfactorily.
Leading IT company MindTree said it plans to forge an alliance with leading educational
institutes in the country for an initiative aimed at setting up digital infrastructure and formulating
a curriculum tailor-made to the present requirement of the industry.
State-run oil marketing company Indian Oil said that it will invest about Rs 900 crore to pick up
a 26 per cent stake in Nuclear Power Corporation's 1,400-MW atomic power project at Kota, in
Rajasthan.
State-owned Indian Oil Corporation said that it expects to launch its follow-on public offer in
the third or fourth week of January.
Infrastructure company Hindustan Construction Company informed the stock exchange that
its subsidiary, Lavasa Corporation received observation letter from Securities and Exchange
Board of India (Sebi) for its proposed Initial Public Offering (IPO).The company is planning to issue
equity shares for an amount not exceeding Rs 2,000 crore.
Posco, the world's third-largest steelmaker, said on Friday it has decided to invest 321 billion won
($284 million) by participating in a rights issue offered by its Indian steel production unit. The
decision is aimed at helping the Indian operation, which makes and sells galvanised steel
products, finance construction of a cold-rolled steel plant.
Dr Reddy’s Laboratories has received approval from the US health regulator to launch generic
Zafirlukast tablets, used for treating asthma, in the American market.
Apparel and textile firm S Kumars Nationwide Ltd (SKNL) is undertaking a re-positioning
exercise for its apparel brands, including Reid & Taylor and Belmonte.
3. ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D%
Core Project 275.3 281.9 2.42
MTNL 57.2 57.65 0.87
Concor 1298.8 1305.95 0.55
Fortis 150.6 151.3 0.50
Grasim 2212.5 2223.15 0.48
Ambuja Cement 145.7 146.35 0.48
Powergrid 101.9 98.1 (3.78)
Educomp 604.9 594.9 (1.65)
TGBL 120.1 118.3 (1.50)
Tatachem 372.1 369.8 (0.63)
GE Shipping 367.7 365.5 (0.60)
DCHL 121.7 121.0 (0.53)
INSTITUTIONAL ACTIVITY (Rs Cr) 09-Nov 08-Nov YTD
FII Cash Net 108 688 1,26,640
FII Stock Futures 260 (152) (16,958)
FII Index Futures (885) (98) (7,434)
Mutual Fund (391) (382) (29,115)
VALUATIONS P/E P/B DIV YLD
BSE 22.4 3.6 1.1
NSE 23.5 3.7 1.1
BSE500 Mcap/GDP Ratio 0.67
4.91
TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS
Name Rs % Name Rs % Rs %
Hero Honda 1945.7 1.72 Educomp Sol 605.85 7.11 Plethico Pharma 380.6 6.51
Bharti Airtel 328.85 1.22 Glenmark Pharma 355.25 4.04 Splash Media 80.1 6.3
L&T 2045.9 0.35 United Brew 431.25 3.97 SE Investments 22.8 6.29
Hindustan Unilever 298.7 0.08 Polaris Soft 150.2 3.19 Graviss Hospitality 31.65 5.5
MOVERS & SHAKERS
Name
Volume: 1 | Issue: 402| November 22, 2010
The government today moved the Supreme Court challenging the orders of telecom
tribunal TDSAT which has set aside penalty imposed by the Department of
Telecommunications ( against 12 telecom operators, including Bharti Airtel and Idea
Cellular, for non-payment of licence fee.
The Supreme Court today issued notices to Reliance Communications (RCom), Tata
Teleservices (TTSL) and the lobby group of CDMA operations, AUPSI, in a case of
royalty for microwave spectrum.
The country's foreign exchange reserves slid by $1.9-billion to $298.31-billion on
the back of a heavy decline in foreign currency. The total Forex kitty had crossed the
$300-billion mark for the first time since 2008 last week and stood at $300.21-
billion.
The government has served notices on SKS Ispat and Pushp Steel, asking them to
explain why coal blocks allocated to them should not be withdrawn after their
failure to develop the reserves within the stipulated time.
The Insurance Regulatory and Development Authority (Irda) today gave a clean chit
to Life Insurance Corporation of India, the largest insurance company in India, in the
case of alleged violation of rules pertaining to transfer of profits among its various
schemes.
India's sugar output in 2010-11 season is estimated at 24.5 million tonnes against
the annual domestic demand of 22.5-23 million tonnes.
Hindustan Unilever 298.7 0.08 Polaris Soft 150.2 3.19 Graviss Hospitality 31.65 5.5
Unichem Lab 251.8 2.69 Consolid Constr 69.65 5.45
TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS
Name Rs % Name Rs % Rs %
Reliance Infra 945.35 -5.25 Videocon Inds 216.2 -8.6 Suashish Diam 193.35 -14.92
Hindalco Inds 212.85 -4.27 Indiabulls Fin 186.95 -7.84 Elpro Intl 435 -10.46
Wipro 401.65 -4.01 Shipping Corp 154.9 -7.16 Maharashtra Poly 132.35 -8.69
Reliance Comm 148.4 -3.57 India Infoline 107.75 -6.95 TTK Prestige 1440.05 -7.93
DLF 307.8 -3.53 Bata India 361 -6.85 Zylog Systems 480 -7.74
SCRIPT NAME CLIENT NAME TYPE QTY % PRICE
SEL Manufacturing Company Trans Financial Resources BUY 1.25% 36.1
Delta Corp Limited Crosseas Capital Services BUY 1.55% 130.2
Hindustan Org Chem Ltd Jmp Securities BUY 10.85% 56.5
Subex Limited Suresh Kanmal Jajoo SELL 1.36% 86.5
BS TransComm Limited Crosseas Capital Services Pvt. Ltd. SELL 0.88% 205.6
Confidence Petro Jaroli Vincom BUY 2.12% 23.1
Bilpower Gulshan Investment Company BUY 1.15% 181.6
Asian Tea Asian Capital Market Limited BUY 0.85% 30.5
Ballarpur Inds Neha Khandelwal SELL 0.91% 39.4
Black Rose Inds Halan Finance & Investment SELL 1.35% 16.84
Name
BSE
BULK DEALS
NSE
Volume: 1 | Issue: 402| November 22, 2010
The government today moved the Supreme Court challenging the orders of telecom
tribunal TDSAT which has set aside penalty imposed by the Department of
Telecommunications ( against 12 telecom operators, including Bharti Airtel and Idea
Cellular, for non-payment of licence fee.
The Supreme Court today issued notices to Reliance Communications (RCom), Tata
Teleservices (TTSL) and the lobby group of CDMA operations, AUPSI, in a case of
royalty for microwave spectrum.
The country's foreign exchange reserves slid by $1.9-billion to $298.31-billion on
the back of a heavy decline in foreign currency. The total Forex kitty had crossed the
$300-billion mark for the first time since 2008 last week and stood at $300.21-
billion.
The government has served notices on SKS Ispat and Pushp Steel, asking them to
explain why coal blocks allocated to them should not be withdrawn after their
failure to develop the reserves within the stipulated time.
The Insurance Regulatory and Development Authority (Irda) today gave a clean chit
to Life Insurance Corporation of India, the largest insurance company in India, in the
case of alleged violation of rules pertaining to transfer of profits among its various
schemes.
India's sugar output in 2010-11 season is estimated at 24.5 million tonnes against
the annual domestic demand of 22.5-23 million tonnes.
Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for
public distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way
unless you obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other
person or entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own
investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or
due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice
prior to making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not
guaranteed. Also past performance of an investment or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes
no liability or responsibility for investment results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy
any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this service or discontinue, temporarily or permanently, the information
and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification, or termination of the information