1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Wednesday, August 10, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Aug 8 Aug 9 Change (%) • Indian markets had roller coaster ride. Indian markets
Sensex 16,990.18 16,857.91 -0.78% showed immense resilience in light of global
CNX Nifty 5,118.50 5,072.85 -0.89% certainties with benchmarks spurring life for a couple
BSE Mid-cap 6,488.60 6,406.07 -1.27% of times on the back of the recovery of the rate
BSE IT 5,222.41 5,041.44 -3.47% sensitive’s, however, every rally proved short lived as
BSE Banks 11,711.81 11,675.18 -0.31% bears coming out of their hibernation, placed local
stocks to the sword ending Sensex 132.27 point down
FII Activity (`Cr)
at 16857.91. The massive selloff in the global equities
Date Buy Sell Net triggered by mounting fears of the possible global
8-Aug 1857 2967 -1110 economic slowdown undermined already-fragile
5-Aug 2189 3798 -1609 sentiment, thereby boosting investors to resort to
Total Aug 12071 15663 -3592 safe-haven government securities and gold, which
2011 YTD 395664 390522 5142 continued its record-breaking rally as speculators
created fresh positions after gold zoomed past $1,700
MF Activity (`Cr) an ounce for the first time ever in the history of global
Date Buy Sell Net markets. On the BSE Sectoral front, FMCG up 1.36%
8-Aug 926 601 325 and Auto up 0.48% were the only gainers. On the flip
5-Aug 1212 855 357 side, IT down 3.47%, HealthCare down 2.47%, TECk
Total Aug 4061 3470 591
down 2.74%, Metal down 2.73% and Consumer
Durables down 1.10% were the top losers.
2011 YTD 83723 79627 4368
• Market breadth was very weak at ~0.41x due to the
Volume & Advances / Declines
concerns over global economic growth. FIIs sold
NSE BSE equities worth `2104.56Cr while domestic institutions
Trading Volume (`Cr) 15,645 3,398 bought equities of `1412.96Cr.
Advances 344 829 • Asian markets are positive today after the strong US
Declines 1,134 2,036 markets overnight. Both the Nikkei and the Hang Seng
Unchanged 38 104 are strong today.
Total 1,516 2,969 • We expect a positive opening for the Indian markets
Global Markets today tracking the cues from the Asian markets and
short recovery from the traders. However, the rally
Index Latest Values Change (%)
does not look very convincing on account of the global
DJIA 11,239.77 4.0%
uncertainties are not yet fully over.
NASDAQ 2,482.52 5.3%
Nikkei * 9,047.05 1.1% Economic and Corporate Developments
Hang Seng * 20,023.13 3.6%
• The Organisation of the Petroleum Exporting Countries
* as of 8.45AM IST (OPEC) cut its forecast for global oil demand growth
Currencies / Commodities Snapshot this year as worsening economic outlook curbs
Latest Previous consumption in developed economies.
Quote Close • Finance Minister Pranab Mukherjee said India's macro-
Indian Rupee per $ 45.01 45.21
economy was moving in a positive direction, and
Indian Rupee per € 64.62 64.50 hoped international commodity prices would decline,
NYMEX Crude Oil($/bbl) 81.08 79.30 helping the government tame inflation and cut
Gold ($/oz) 1,760.00 1,743.00 subsidies.
Silver ($/oz) 38.29 37.71
Keynote Capitals Institutional Research (research@keynoteindia.net) (+9122-30266000)
Keynote Capitals Institutional Research is also available on
Bloomberg KNTE <GO>, Thomson One Analytics, Reuters Knowledge, Capital IQ, TheMarkets.com and securities.com
Keynote Capitals Institutional Research - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business
To unsubscribe from this mailing list, please reply to unsubscribe@keynotecapitals.net

2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stock
(BSE A-Group) • Mahindra & Mahindra (M&M) was in the process of
Previous Current Change finalising product platforms jointly with South
Company Name Korea's SsangYong Motor Co which it acquired last
Close (`) Price (`) (%)
Marico 154.25 162.25 5.19 year.
M&M 666.00 694.60 4.29 • Marico said it would further cut down advertising
Apollo Tyres 66.70 69.50 4.20 expenses to offset input cost pressure and avoid
Torrent Power 216.25 225.00 4.05 price hike.
Financial Tech 756.30 781.95 3.39 • Jubilant Life Sciences (JLSL) plans to file applications
(BSE Mid-Cap) for about 30 new drugs in the US and Europe and
expects to receive approvals for three to four drugs
Previous Current Change
Company Name in the American market this fiscal.
Close(`) Price(`) (%)
Essar Ports 73.65 79.10 7.40 • The Supreme Court issued notices to UP sugar firms
Marico 154.25 162.25 5.19 like Bajaj Hindustan and Balrampur Chini, after the
PTC India 70.10 73.50 4.85 state petitioned against the Allahabad High Court
Sujana Towers 26.15 27.35 4.59 order setting aside its regulations on consumption
and supply of molasses under the UP Molasses
Apollo Tyres 66.70 69.50 4.20
Amendment Act.
TOP LOSERS • R-Power plans to invest `1,500Cr to develop a 200
mw wind power project at Vashpet in Maharashtra,
(BSE A-Group)
making it the largest such investment in India by any
Previous Current Change power generation company at a single location.
Company Name
Close(`) Price(`) (%)
Suzlon Energy 45.30 40.30 -11.04 • Dabur to form a new entity, Dabur Lanka Pvt Ltd, as
part of a strategy to strengthen its presence in Sri
Aban Offshore 422.45 387.35 -8.31
Lanka and is in the process of setting up a
BF Utilities 581.50 539.55 -7.21
manufacturing facility which is expected to start
Reliance Infra 492.85 460.25 -6.61
production by the end of this fiscal.
Reliance Power 96.90 90.60 -6.50
(BSE Mid-Cap) US markets
Previous Current Change A last hour recovery helped the US markets to close
Company Name
Close(`) Price(`) (%) positive overnight. The stocks gained after Federal
Gu NRE Coke 32.55 28.10 -13.67 Open Market Committee said benchmark rates
Aban Offshore 422.45 387.35 -8.31 would stay near zero through mid-2013. In a volatile
BF Utilities 581.50 539.55 -7.21 session, the Dow Jones Industrial Average (DJIA)
Sterlite Tech 44.80 41.60 -7.14 rallied back from Monday's sharp fall, gaining 429.92
Persistent Sys 339.10 315.00 -7.11 points, or 4%, to 11,239.77. It had fallen as much as
205 points after the Fed released its afternoon
statement. All 30 components of DJIA gained, with
Bank of America Corp. up almost 17%, recouping
most of its loss of 20% on previous day. The S&P 500
Index gained 53.07 points, or 4.7%, to 1,172.53, led
by beaten down bank and financial sector. The
Nasdaq Composite Index climbed 124.83 points, or
5.3%, to 2,482.52.
KEYNOTE CAPITALS LTD.
4th Floor, Balmer Lawrie Building, 5, J. N. Heredia Marg, Ballard Estate, Mumbai 400 001. INDIA
Tel. : 9122-2269 4322 / 24 / 25 • www.keynoteindia.net
Disclaimer: This report is purely for information purpose and is based on public information. News content is attributable to
various media, unless specified otherwise. All market related statistical data pertains to the immediately preceding trading day,
unless stated otherwise. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to
make an offer, to buy or sell the securities mentioned herein. We or any of our directors, officers or employees shall not in any
way be responsible for any loss arising from the use of this report. Investors are advised to apply their own judgment before
acting on the contents of this report. The report has not been edited due to time constraints.