1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Monday, August 1, 2011
Domestic Markets Snapshot Views on markets today
Name of Index July 28 July 29 Change (%) • Indian market ended almost flat at -0.07%. Prolonging
Sensex 18,209.52 18,197.20 -0.07% three day’s somber mood to the fourth day, local
bourses failed to stage any recovery. Although several
CNX Nifty 5,487.75 5,482.00 -0.10%
times the bourses tried to enter the green after the
BSE Mid-cap 6,962.95 6,915.31 -0.68%
mid morning fall, however surrendered to the selling
BSE IT 5,818.21 5,835.44 0.30% pressure by the end of the trade. Depressed World
BSE Banks 12,382.41 12,447.83 0.53% markets over the US debts impasse dented the trade
FII Activity (`Cr) at Dalal Street too. All the Asian equity indices finished
the day’s trade in the red on last trading day of the
Date Buy Sell Net week following weak Wall Street performance
28-Jul 4120 3703 417 overnight, as the deadline approaches for US
27-Jul 2797 2688 109 lawmakers to strike a deal to avert a disastrous
Total July 54071 46042 10710 default. On the BSE Sectoral front, FMCG up 0.74%,
2011 YTD 380820 371469 9351 Bankex up 0.53%, TECk up 0.50%, Auto up 0.20% and
IT up 0.30% were the only gainers whereas Metal
MF Activity (`Cr) down 2%, Realty down 2%, Oil & Gas down 1.18%,
Date Buy Sell Net Capital Goods down 0.67% and PSU down 0.98% were
28-Jul 824 665 159 the top losers. The gainer on the Sensex was ICICI
27-Jul 490 645 -155
Bank up 1.99%, Maruti up 1.81%, Bharti Airtel up
1.43%, Bajaj Auto up 1.27% and ITC up 1.09%. On the
Total July 10953 10361 1793
flipside, JP Associates down 4.51%, Jindal Steel down
2011 YTD 78973 75528 4095 4.43%, ONGC down 2.89%, Hero Honda down 2.14%,
Volume & Advances / Declines Sterlite Industries down 1.93% and RIL down 1.15%
were the top loser.
NSE BSE
Trading Volume (`Cr) 12,459 2,968
• Market breadth was very weak at ~0.64x due to the
selling pressure on the verge of US debt lock. FIIs sold
Advances 498 1,121
equities worth `464.03Cr while domestic institutions
Declines 941 1,748 bought equities of `411.82Cr.
Unchanged 75 128
• Asian markets rallied today after US President Barack
Total 1,514 2,997
Obama announced a framework debt-limit deal ahead
Global Markets of Tuesday’s deadline. Both the Nikkei and the Hang
Seng are trading with a sharp upside.
Index Latest Values Change (%)
DJIA 12,143.24 -0.8% • We expect a gap up opening for the Indian markets
tracking the cues from the Asian markets. However,
NASDAQ 2,756.38 -0.4%
the markets may still remain concerned from the
Nikkei * 10,013.90 1.8%
domestic side worries due to high inflation and
Hang Seng * 22,791.17 1.6% interest rates.
* as of 8.45AM IST
Currencies / Commodities Snapshot Economic and Corporate Developments
Latest Previous • President Barack Obama and Senate leaders
Quote Close announced Sunday night that they have reached
Indian Rupee per $ 43.95 44.19 agreement on a framework debt deal that will cut
Indian Rupee per € 62.95 63.02 spending and increase the federal debt ceiling.
NYMEX Crude Oil($/bbl) 97.00 97.44 • After a brief lull, state-owned oil firms hiked jet fuel,
Gold ($/oz) 1,617.00 1,613.40 or Aviation Turbine Fuel (ATF), prices by a steep
Silver ($/oz) 39.73 39.73 2.7%, in line with firming rates in international
markets.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
Buzzing Stock
TOP GAINERS • JSW Steel says iron ore purchase, transaction in
Karnataka legal.
(BSE A-Group)
• ONGC and Sistema may soon merge assets in Russia
Previous Current Change
Company Name
Close (`) Price (`) (%) • ICICI acquires 29.3% in Troubled Tower Co GTL via
United Brew 468.10 497.80 6.34 conversion of pledge.
Idea Cellular 90.00 94.35 4.83
• M&M to relook investment in Chakkan .
Exide Inds 150.10 155.00 3.26
• Neyveli Lignite seeks 3 coal blocks taken back from
Axis Bank 1297.85 1338.15 3.11
NTPC move may trigger a clash between the coal &
Marico 162.65 167.30 2.86
power ministries that control the state owned firms
(BSE Mid-Cap) (ET).
Previous Current Change • Hindustan Copper has decided to scrap its plans to
Company Name
Close(`) Price(`) (%)
raise funds by issuing fresh equity shares as part of
EIH 85.40 96.05 12.47
its proposed FPO.
GTL 68.20 74.85 9.75
GTL Infra 13.75 15.00 9.09
US markets
COX KINGS 192.05 208.40 8.51
Bata India 621.55 658.65 5.97
US stocks declined on Friday due to worries over the
debt limit deal. All the three major indices were
TOP LOSERS
down on Friday.
(BSE A-Group)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Adani Enter 741.65 586.10 -20.97
ADANI POWER 112.35 99.25 -11.66
Mundra Port 154.85 143.80 -7.14
JSW ENERGY 72.40 67.55 -6.70
Unitech 32.65 30.70 -5.97
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Orchid Chem 223.05 206.35 -7.49
Spicejet 34.10 31.60 -7.33
JSL 108.20 100.45 -7.16
Jai Corp 107.50 100.35 -6.65
Sterlite Tech 53.45 50.05 -6.36
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