The key points from the document are: 1) Indian stock markets traded in a choppy manner and closed marginally lower, with the Nifty 50 down 0.25% and the Sensex down 0.28%. 2) Foreign institutional investors have purchased over Rs. 17,971 crores worth of Indian shares in September amid reforms announced by the government. 3) Eight of the 13 BSE sectoral indices closed lower, with the BSE Oil & Gas index down 1.6% and the BSE IT index down 1.1%.

1.
India Morning Note
a
Friday Septembe 28, 2012
y, er
Dom
mestic Markets Snapshot
t V
Views on ma
arkets today
y
Nam of Index
me 26-Sep 27-Sep Change • The BSE Sensex op
E pened with a small ga on the
ap
Sens
sex 18,632.17 18,579.50
1 -0.28% upside and then traded in a choppy manner y
CNX Nifty 5,663.45 5,649.50 -0.25% througho the day. Nifty 50 ma
out ade a high o 5,693.70
of
BSE Mid-cap 6,501.14 6,532.77 0.49% and Sensex touched the level o 18,735.95. The Nifty
d of
50 close at 5,649.
ed .50, down 13.95 points or 0.25%
1
BSE IT 5,955.29 5,889.60 -1.10%
from pre
evious close and the Sen
nsex ended tthe session
BSE Banks 13,098.52 13,091.70
1 -0.05% at 18,579.50, down 5
52.67 points or 0.28%.
FII Ac
ctivity (`Cr) • Indian bbenchmarks rallied ove 6% in S
er September
series whhile the foreign institutio
onal investor have net
rs
Date
e Buy Sell Net bought more than Rs17971Cr worth of shares in
r
25-Se
ep 7,223 2,667 4556 current mmonth. Anot ther major reeason was th reforms
he
25-Se
ep 7,223 2,667 4556 announced by the government to give a boost to
sluggish economic g growth. Cab binet approvved FDI in
Total Sept
l 54,471 36,500 17971
retail and aviation s sectors, also hiked diese price by
o el
2012 YTD
2 480800 398990 81810 Rs 5 a lit and capp
tre ped the use of subsidise LPG to 9
ed
cylinders per family in a year.
s
MF A
Activity (`Cr)
• Among t the 13 sectoral indices, e
eight sectors closed in
Date
e Buy Sell Net negative while remaining fiv
e, ve sectors closed in
25-Se
ep 1,525 1,144 381 positive. Top Gainers BSE FMCG up by 1.51%, BSE CD
s: G
24-Se
ep 664 1,295 -631 gained by 1.36%, BSE CG su urged by 0.91%. Top
Losers: BSE Oil & Ga down by 1.6%, BSE IT down by
B as
Total Sept
l 9,045 11,224 -2180
1.1%.
2012 YTD
2 90061 102352 -12291
• Market bbreadth was positive a ~1.1x as investors
s at s
Global Markets bought large cap s stocks. On provisional basis, FII
bought equity of `3 3.99bn and domestic i institutions
Index
x Latest Valu
ues Change (%)
C sold equity of `4.48b in cash se
bn egment.
DJIA 13,485.97 0.54%
• Asian ma arkets traded mix today, after Japan
d nese stocks
Nasd
daq 3,136
6.60 1.39% lost the initial gains a
i and Chinese shares were up.
e
Nikke
ei 8,919
9.44 -0.34%
• We expe a cautiou opening for the Indian markets,
ect us f
Hang Seng
g 20,883.80 0.59%
following the mixed c
g cues from th Asian mar
he rkets.
* as of 8.25AM IST
f
Economic a
and Corporate Developm
ments
Curre
ency Snapsh
hot
• GThe group of m minister on land acquisition bill
Future contract RBI
Latest Previous deferred a decision on the prop
posed legisla
ation as all
expir on
re Reference
R
Quote Close the 14 members could not put forth their v
m views. The
29/10/12 Rate
India Rupee per $
an 52.79 53.34 53.26 GoM will meet again after Octobe 4.
er
India Rupee per €
an 68.30 68.60 68.63 • A ministers panel finalised the pharma priccing policy
India Rupee per £
an 85.81 86.37 86.23 under whhich 348 ess
sential drugs will come u
s under price
India Rupee per ¥
an 68.09 68.61 68.56 control o the govern
of nment.
•
* NSE Exchange
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2.
TOP GAINERS
G Buzzing Stocks
(BSE A-Group)
• Diageo deal may s speed up a ICRA dow
as wngraded
Previous Current Change
Company Name USL to junk
Close(`) Price(`) (%)
Unite Spirits
ed 1157.55 1276.85 10.31 • Power GGrid okays investment plans worth Rs.1328
h
cr
Rash
htriya Chem 58.45 61.60 5.39
• I-T defe
ends retros spective tax in McLoed Russel
x
Gujarat Gas 309.80 324.95 4.89
case.
Cham
mbal Fert 71.75 75.10 4.67 • S Kumars Nationwide defers AGM as lenders delay
A
Max India 203.20 212.35 4.50 nod for dividend paayment.
• LIC Houusing Financ plans to r
ce raise $250-2
270m via
(BSE Mid-Cap)
E
share sa Agencies
ale s
Company Name
Previous Current Change • Dubai carrier Em mirates in believed to have
Close(`) Price(`) (%) signaled an early in
d nterest to ac
cquire stake in KFA
e
Rash
htriya Chem 58.45 61.60 5.39 • JBF Induustries, Coc Cola in pact to set up bio-
ca t
Bajaj Corp
j 171.20 180.15 5.23 glycol p
production unit in Brazil
Birla Corp 225.55 237.00 5.08 • Govt seeks to allot at least 16 coalfields b Dec to
by
Gujarat Gas 309.80 324.95 4.89 wned compa
state ow anies
• Taj Mansingh lease extende by 1 y
ed year, big
Cham
mbal Fert 71.75 75.10 4.67
reprieve for Indian hotels
e
TOP LOSERS
L • Guj NRE Coke Boar meets to consider pr
E rd roposal of
amalgam
mation of Bharat NRE C
Coke with co
ompany
(BSE A-Group)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Volta
as 134.65 126.9 -5.76%
SAIL 89.1 86 -3.48%
Crom
mpton Greav 129.25 124.9 -3.37%
Shrir
ram Trans 622.8 602.7 -3.23%
Sesa Goa 175.8 170.15 -3.21%
(BSE Mid-Cap)
E
Previous Current Change
Company Name
Close(`) Price(`) (%)
MTNL
L 38.70 32.80 -15.25
Volta
as 134.65 126.90 -5.76
Tulip Telecom
p 46.50 44.20 -4.95
Prest
tige Estates 142.75 135.85 -4.83
HMT 45.95 44.35 -3.48
Keyno Capitals Research
ote (research
h@keynotecapitals.net) (+9122-3026
66000)

3.
India and Global Economic C
Calendar
Cou
untries / Frida
ay Mond
day Tuesd
day Wednes
sday
Reg
gions 28/S
Sep 01/O
Oct 02/Oct 03/Oc
ct
Federal Fisc Deficit,
cal INR M3 Mo
I oney
India
INR (Aug) Supply (Sep 30)
S
External De (Q2)
ebt
FX Reserves USD
s,
(Sep 16)
Core Person
nal
Consumptioon ufacturing
Markit Manu USD ISM New York
w MBA Mortgag
M ge
US
Expenditure - Prices
e PMI (Sep) index (Sep) Applications
A
Index (YoY) (Aug)
Chicago Purrchasing Construction
n ISM Non-
I
USD Total Veehicle
Managers' Index Spending (M
MoM) Manufacturin PMI
M ng
Sales (Sep)
(Sep) (Aug) (Sep)
(
China HSBC
C UK Halifax H
House
GBP BRC Shhop Price GBP Markit Services
G
Global Manufacturi
ing PMI Prices (3m/Y
YoY)
Index (MoM (Sep)
M) PMI
P (Sep)
(Sep) (Sep)
France Grosss Spain Purchasing
EUR Produce Price
er EUR Retail Sales
E
Domestic Prroduct Manager Inddex
Index (MoM) (Aug)
) (MoM) (Aug)
(
(YoY) (Q2) Manufacturing (Sep)
China Real R
Retail EUR Produce Price
er
Sales (YoY) (Aug) Index (YoY) (Aug)
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E
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