1.
India Morning Note
a g
Thur
rsday, June 21, 2012
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 19 Jun 20 Change (%)
) • India markets edged higher for the second straight
an e
Sensex 16,859.80 16,896.63 0.22% trading session as world stocks rose on the ba
n e ack of
CNX Nifty
X 5,103.85 5,120.55 0.33% upbe US hous
eat sing data an hope the Federal Re
nd e eserve
BSE Mid-cap 5,905.48 5,954.37 0.83% will announce monetary stimulus la ater in the day,
e
BSE IT 5,711.76 5,688.53 -0.41% posssibly in the f
form of add
ditional U.S. bond purch
hases.
BSE Banks 11,281.84 11,329.51 0.42% Powe equipme
er ent makers such as Larsen & T
L Toubro
also led the gain in th markets on hopes the
he s s
FII A
Activity (`Cr)
goveernment wo ould conside imposing import duti for
er ies
Date
e Buy Sell Net foreiign maker rs. Domes stic power makers have
19-Jun 1,903 1,761 142 requuested impo duties for the past two yea
ort ars to
18-Jun 1,714 2,307 -593 curta the supp of cheaper equipment from China.
ail ply
Tota Jun
al 24,779 24,389 390 • The barometer index, BSE Sensex, advanced 36.83
r
2012 YTD 307,813 265,484 42328 points or 0.22% off close t 65 points from day's high
%, to s s
MF A
Activity (`Cr) and up about 55 points fro the day's low. BSE S
om s Small-
Cap and Mid-Ca indices ou
ap utperformed the Sense
d ex.
Date
e Buy Sell Net
19-Jun 401 413 -12 • Cemment and c construction shares ro
n ose on rennewed
18-Jun 469 507 -38 buying as Prim Minister Manmohan Singh rec
me n cently
Tota Jun
al 5,492 5,121 372 said that the government is focusing heavily on
2012 YTD 59,356 65,452 -6095
infra
astructure i
investment and it ha set amb
as bitious
targets to keep infrastructu investm
ure ment on trac and
ck
Volu
ume & Adva
ances / Dec
clines also put in plac a proble resolutio mechanism to
ce em on
NSE BSE overrcome impleementation bottlenecks
s.
Trad
ding Volume (Cr) 54.44 18.24
• India airlines gained on TV report that the civil
an n ts e
Turn
nover (`Cr) 9,316 1,904 aviation minist try will meet with finance mi
f inistry
Advances 915 1,617 counnterparts to discuss lowering avia
o ation turbine fuel
Declines 538 1,090 taxe raising ho
es, opes of an a
announcement.
Unchanged 103 146
• Markket breadth was strong at ~1.4
h 48x as inve
estors
Tota
al 1,556 2,853
boug large ca stocks. O provisiona basis, bot FIIs
ght ap On al th
Glob Markets
bal and domestic institutionns bought equities worth
Inde
ex Late Values
est Change (%)
) ectively in cash segment.
`1.19bn and `0.44bn, respe c
DJIA
A 12,824.39 -0.10% • Asian markets, excluding Japan fell today Ch
, g hinese
NAS
SDAQ 2,930.45 0.02% mannufacturing d
data slowed down and Fed's decis
d sion to
Nikk *
kei 8,836.69 0.96% defe quantitative easing h
er hurt investors.
Hang Seng * 19,389.94 -0.66% • We expect a w weak opening for the Indian ma
e arkets
* as o 8.25AM IST
of toda following the cues f
ay from the As
sian market and
ts
Curr
rencies / Co
ommodities Snapshot
s rising uncertainnties over the domestic growth and
h
Latest Previous inflationary conditions.
Quote Close
Econom and Cor
mic rporate Dev
velopments
s
Indian Rupee per $ 56.15 55.87
Indian Rupee per € 71.32 70.89 • An Empowered Group of M
E eaded by Finance
Ministers, he
NYM
MEX Crude Oil($/bbl) 80.38 81.45 Minister Pranab Mukherjee is likely to meet tod
b e, t day to
uss crucial issues of spectrum price, pay
discu yment
Gold ($/oz)
d 1,601.70 1,614.80
term and netw
ms work roll-ou obligation for auction of
ut ns
Silve ($/oz)
er 27.88 28.38
airwaves due beefore Augus 31.
st
Keyn
note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
Keyynote Capita Research is also available on
als h
Bloo
omberg KNTE <GO>, Tho
E omson One A Analytics, Re
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Titan Industrie es is und derstood to be wor
o rking
Previous Currennt Change exteensively on a product roadmap tha would pit
at tch it
Com
mpany Name
e
Close(`
`) Price(`
`) (%) directly against established Indian lea
t ather retaile in
ers
Astr
razeneca 1760.95
5 1860.00 5.62 the organised ssegment. Ac ccording to people clos to
se
Phar
Century Tex 274.90
0 288.60 4.98 Titan Industries the Bangalore-headq
s, quartered entity
Hexaware Tech 118.85
5 124.35 4.63 is carrying out in-depth m
t market rese earch to extend
Mannappuram 21.95
5 22.95 4.56 the ‘Titan’ braand into lea ather accesssories such as
h
Fina
ance clutches, belts and trifolds for women.
Hind
dustan Zinc 116.45
5 121.65 4.47
(BSE Mid-Cap)
E • Walden Softwa are Investmments, an arm of private
equity fund Wa alden Intern
national, an
nnounced it had
Previous Currennt Change ally exited it investme in public held mid
tota ts ent cly d-tier
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
software servic firm - MindTree Ltd.
ces
Educomp Sol 137.05 152.50 11.27
Shoppers Stop 297.30 318.85 7.25 • Jyothy Laboratoories will re
elaunch Hennkel’s brand as
ds
Hind
dustan Oil 115.90 123.30 6.38 the merger bet tween the t two compan nies gets go
oing.
Astr
razeneca Pha 1760.95 1860.00 5.62 Jyothy announc ced on Frid day Henkel India would be
d
merrged with it a year after it was acquired.
r
Sintex Inds 57.85 60.80 5.10
• Japa
anese pharma major Daiichi San nkyo would sell
TOP LOSERS Ranbaxy Labor ratories’ pro
oducts in Venezuela under
their hybrid bus
siness mode el.
(BSE A-Group)
E
• US to charge f fee on generic drug sale application.
s
Previous Currennt Change
Com
mpany Name
e This move cou
s uld cost $2 299mn a year for In
y ndian
Close(`
`) Price(`
`) (%)
TCS 1273.80
0 1252.05
5 -1.71 pharma players A Generic Drug Use Fee Act is on
s. er
Motherson Sumi 159.15
5 156.50
0 -1.67 the way, to enable th he US Foo od and D Drugs
Coal India 343.95
5 338.70
0 -1.53
Admministration (FDA) to levy a user fee of aro
r ound
$100,000 on each generic drug appl
c lication filed for
d
Glen
nmark Pharm
m 373.40
0 367.75
5 -1.51
approval, it is learnt. The new norms are likely t be
to
Torr
rent Power 187.80
0 185.00
0 -1.49
intro
oduced from October.
m
(BSE Mid-Cap)
E • Mahhindra and Mahindra L Ltd (M&M), which entered
Previous Currennt Change the two-wheel ler market in 2009, is looking tog
Com
mpany Name
e
Close(`
`) Price(`
`) (%) increase its maarket share by up to th
hree per cent in
Shre Global Trd
ee d 84.45 81.00 -4.09 the scooter seggment, with a series of new launc
h f ches.
AIA Engineering 325.00 314.70 -3.17 The company h has launche two new scooters an is
ed nd
Infot
tech Enter 160.30 156.25 -2.53 plan
nning to launch three m
motorcycles this year.
Motilal Oswal 97.95 96.00 -1.99
• Sun TV Netwo ork budgete `180-20
ed 00Cr as capital
Sout Indian Bk
th 23.75 23.30 -1.89 expenditure (capex) for t the current financial y
year,
whicch will m mostly be spent on programm ming
operations and upgrading equipmen Besides, the
d g nt.
mpany has li
com ined up `25
50-260Cr to acquire moovies
for distribution.
d .
US markets
US stoocks ended mostly low wer Wedne
esday after the
Federa Reserve c its growt forecasts and postpo
al cut th s oned
the third quarterly easing.
y
The Do Jones Industrial Ave
ow erage ended at 12,824
4.39,
down 12.94 points, or 0.1% The Nas
%. sdaq Compo osite
added 0.69 point to 2,930.4 The S&P 500 lost 2.29
45. P
points, or 0.2%, to 1,355.69.
o
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Thursday Fr
riday Monday
M Tuesday
T
Reg
gions 21-Jun 22
2-Jun 25-Jun
2 26-Jun
Ind
dia Forex Res
serves Data
a
Bank Loa Growth
an
US Continuing & Initial
g American Petroleum
n New Hom sales
me S&P/Case-Shiller
jobless cla
aims Institute Monthly Home Price Indices
P s
Report (YoY)
Purchasing Manager Consummer
Index Mannufacturing Confide
ence
(Jun)
Housing P
Price Index
(Apr)
Glo
obal Europe-puurchasing Euro Zone EcoFin Germany Consumer
y r UK's Public Sector
managers index
s Meeting & EU Confiden
nce rrowing
Net Bor
(Manufact turing & Leaders s
special
Services) summit
UK Retail Sales (YoY) China CB Leading Germany Retail
y
Economic Index
c Sales
(May)
Germany IFO -
y UK Hous
sing prices
Business Climate
(Jun); IFO - Current
O
Assessme (Jun) &
ent
IFO - Exppectations
(Jun)
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NOTE CAPITTALS LTD.
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m
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ess All cal ains to the im
mmediately preceding trad ding day,
unless stated other
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