- The Indian markets regained momentum on July 4, closing higher tracking positive global cues as Greece avoided default and crude oil prices eased. Broader markets outperformed as buying was seen across sectors except capital goods and FMCG. - Asian markets were mostly flat in directionless trading as US markets were closed for a holiday. The Indian markets were expected to have a flat opening on July 5. - Key data points included a doubling of FDI inflows in May 2011 compared to a year ago and a decline in production for most minerals in April versus the previous month.

1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Tuesday, July 5, 2011
Domestic Markets Snapshot Views on markets today
Name of Index July 1 July 4 Change (%)
• Indian markets regained its recent winning streak and
Sensex 18,762.80 18,814.48 0.28%
closed positive yesterday tracking world equities as
CNX Nifty 5,627.20 5,650.50 0.41%
risk appetite returned after Greece avoided an early
BSE Mid-cap 6,901.67 6,965.34 0.92%
default, easing crude oil price and on signs China's
BSE IT 6,147.98 6,160.79 0.21% economy was not heading towards a sharp slowdown.
BSE Banks 12,853.67 12,993.55 1.09% Data showing sustained buying by foreign funds over
FII Activity (`Cr) the past few days also boosted investor’s sentiment.
Date Buy Sell Net Buying action was seen in broader markets as traders
28-Jun 2913 1897 1016 focused on midcaps and smallcap stocks after a rally
27-Jun 3887 2096 1791 in frontline stocks. Except capital goods and FMCG, all
Total June 45161 43252 1909 sectoral indices closed positive with real estate,
2011 YTD 323639 323088 551
consumer durable, banks and auto stocks were major
gainers. Sugar stocks like Shree Renuka Sugars,
MF Activity (`Cr)
Dhampur Sugar and Bajaj Hindusthan gained between
Date Buy Sell Net 4.1-6.7% percent, after a report the government may
28-Jun 657 550 107 discuss easing restrictions on the sector. DLF gained
27-Jun 570 654 -84 nearly 6% after RBS upgraded the stock to buy from
Total June 9193 8118 1075 sell and raised its target price, citing improving cash-
2011 YTD 66695 63591 3392 flow and a ramp-up in sale of its non-core assets.
Volume & Advances / Declines • Market breadth was strong at ~1.64x as investors
NSE BSE bought large cap stocks. FIIs bought equities worth
Trading Volume (`Cr) 9,965 3,004 `11.31bn while domestic institutions sold equities of
Advances 972 1,766 `3.69bn.
Declines 473 1,075
• Asian shares are moderately down today in a
Unchanged 67 123
directionless trade as US markets remains closed for
Total 1,512 2,964
Independence Day. Both the Nikkei and the Hang Seng
Global Markets are flat today.
Index Latest Values Change (%) • We expect a flat opening for the Indian markets today
DJIA (Closed) 12,582.77 - taking cues from the Asian markets. Investors may
NASDAQ (Closed) 2,816.03 - wait for better macro-economic numbers for the future
Nikkei * 9,949.88 -0.2% course of action.
Hang Seng * 22,760.94 0.0%
Economic and Corporate Developments
* as of 8.45AM IST
Currencies / Commodities Snapshot • FDI inflows more than doubled to $4.66bn in May
Latest Previous
2011, compared to $2.21bn a year ago.
Quote Close
• Production of almost all minerals declined in April
Indian Rupee per $ 44.37 44.42
compared to a month ago, led by over 32% dip in coal
Indian Rupee per € 64.26 64.49
output.
NYMEX Crude Oil($/bbl) 94.79 94.90
Gold ($/oz) 1,497.40 1,482.60 • TRAI has issued directives to service providers on the
Silver ($/oz) 34.15 34.15 procedure for providing Value-Added Services to
users.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group)
• The Supreme Court gave the go-ahead for sale of
Previous Current Change
Company Name part of the 774 acres of land in Maharashtra that
Close (`) Price (`) (%)
belongs to Tata Communications.
Reliance Infra 541.65 578.70 6.84
TATAGLOBAL 97.85 104.40 6.69 • Escorts plans to list its verticals Escort Constructions
Shr Renuka Sug 68.50 72.95 6.50 and Railway and auto components business in future
Mangalore Ref 77.75 82.60 6.24
• Punjab & Sind Bank requests Government to infuse
DLF 220.35 233.60 6.01 additional capital of `990Cr via preferential
(BSE Mid-Cap) allotment
Previous Current Change • Page Industries in agreement with Speedo
Company Name
Close(`) Price(`) (%)
International to manufacture & distribute Speedo
Anant Raj Inds 62.50 71.00 13.60
products in India
Peninsula Land 48.40 52.65 8.78
REI Agro 25.75 27.60 7.18 • Glenmark Pharmaceuticals, Glenmark Generics and
TATAGLOBAL 97.85 104.40 6.69 Glenmark Generics Inc, USA announces the
settlement of litigation with Daiichi Sankyo, Inc and
Shr Renuka Sug 68.50 72.95 6.50
Genzyme Corporation regarding Glenmark’s
TOP LOSERS Abbreviated New Drug Application (ANDA) filed with
the US Food and Drug Administration for
(BSE A-Group)
Colosevelam Hydrochloride.
Previous Current Change
Company Name • Jindal Steel and Power expects to garner about
Close(`) Price(`) (%)
JUBL FOOD 863.40 817.30 -5.34 `7.65bn in the current financial year by selling iron
JPINFRATEC 57.80 55.80 -3.46 ore from its Bolivian mine.
Sun TV Network 353.25 341.70 -3.27 • The Delhi High Court said six mobile permits of north
IOB 148.00 144.55 -2.33 India’s Spice Communications would not be
United Brew-$ 531.50 519.10 -2.33 transferred to Idea Cellular because it did not
(BSE Mid-Cap) comply with licence norms and merger guidelines.
Previous Current Change • Bajaj Auto reported its motorcycle sales for June at
Company Name
Close(`) Price(`) (%) 3,22,827 units last month, registering a jump of
JUBL FOOD 863.40 817.30 -5.34 14.15%.
Shree Global Trd 313.75 299.05 -4.69
• MTNL has decided to go for `15bn of fresh
Godfrey Phil 2956.15 2842.00 -3.86
borrowings to prune existing debt and meet long-
GTL 97.20 94.10 -3.19
term capex requirements.
INDIAN MET 473.55 460.00 -2.86
US markets
US markets were closed.
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