1.
India Morning Note
a g
Tues
sday, June 2 2012
26,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 22 Jun 25 Change (%)
) • India markets fell for a second con
an nsecutive se
ession
yestterday as Reeserve Bank of India's announcement of
k a
Sensex 16,972.51 16,882.16 -0.53%
meaasures to a attract grea
ater foreign investme
n ent in
CNX Nifty
X 5,146.05 5,114.65 -0.61%
goveernment bo onds and inncrease in the total am
t mount
BSE Mid-cap 6,010.21 6,008.46 -0.03% that Indian commpanies can borrow by way of external
n y
BSE IT 5,663.69 5,625.99 -0.67% commercial borrowing (EC CB), fell sh
hort of inve
estors'
BSE Banks 11,561.05 11,442.55 -1.02% expeectations. In
nvestors had hoped for more structural
FII A
Activity (`Cr) reforrms from th Finance Minister to boost long
he g-term
foreiign investm
ments or central bank steps such as
k
Date
e Buy Sell Net targeting dollar demand fr
r rom oil companies that were
t
22-Jun 1,322 1,442 -119 expeected to hav had a big
ve gger impact t.
21-Jun 1,525 1,764 -239 • Wea akness in world sto ocks also hit sent timent
Tota Jun
al 29,598 29,314 284 adveersely. Woorld stocks dropped yesterday as
s
2012 YTD 312,632 270,409 42222 investors grew concerned t
that a key European su
E ummit
later this week to deal w
r k with the onngoing euro
o-zone
MF A
Activity (`Cr)
debt crisis may not come up with strong measures to
t y
Date
e Buy Sell Net reso
olve euro-zone debt woe
es.
22-Jun 300 455 -155 • Tata Steel fell 0
a 0.94% as Cr redit Suisse downgrade the
ed
21-Jun 439 459 -21 stock to "un nderperformm" from "neutral," while
Tota Jun
al 6,767 6,382 384 mainntaining its target price at `340, saying valua
e s ations
2012 YTD 60,631 66,713 -6083 are no longer "supportive But Reliance Indu
e." ustries
rose 0.73% after Moody's said the long
e g-term
Volu
ume & Adva
ances / Dec
clines
fund
damentals o the company remain intact de
of espite
NSE BSE weak macro out tlook.
Trad
ding Volume (Cr) 57.17 20.33 • Markket breadth was how
h wever margginally strong at
Turn
nover (`Cr) 8,725 1,917 ~1.006x as inves
stors bough small and mid cap stocks.
ht d
Advances 775 1,420 On provisiona al basis, both FIIs and dom mestic
Declines 693 1,334 institutions boought equities worth `1.53bn and
h
Unchanged 86 125 `0.26bn, respecctively in cash segment
t.
Tota
al 1,554 2,879 • Asian markets a trading lower this morning. Nik
are m kkei is
trading weak to a one-week low on gro
o owing conce
erns a
Glob Markets
bal
Euroopean leade summit this week will fail to make
ers
Inde
ex Late Values
est Change (%)
) any significant progress in tackling the region's debt
n t s
DJIA
A 12,502.66 -1.09% crisis. Hang Sen is also tra
ng ading lower
r.
NAS
SDAQ 2,836.16 -1.95% • We expect that Indian markets will open flat to lower
t
Nikk *
kei 8,690.92 -0.50% track
king weak Asian markets. Mark kets will re
emain
Hang Seng * 18,884.64 -0.07% volatile ahead o expiry of F&O contract.
of
* as o 8.25AM IST
of
Econom and Cor
mic rporate Dev
velopments
s
• Montek Singh AAhluwalia has said tha India will soon
at
Curr
rencies / Co
ommodities Snapshot
s
easures apa from what has also been
see a set of me art
Latest Previous
annoounced, particularly, o impleme
on entation of large
Quote Close
proje
ects on which the Prim Minister has set up new
me r p
Indian Rupee per $ 56.96 57.12
mechanism to mmove things faster.
s
Indian Rupee per € 71.21 71.60
• Moody's Investo Service maintained a stable ou
ors d utlook
NYM
MEX Crude Oil($/bbl) 79.18 79.21
on India, but w
warned lowe growth. Higher exp
er penses
Gold ($/oz)
d 1,585.10 1,587.60 compared to r revenues aand stress in the ba anking
Silve ($/oz)
er 27.40 27.52 systeem could lead to downward pressure on the
p n
ratin
ng.
Keyn
note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
Keyynote Capita Research is also available on
als h
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omberg KNTE <GO>, Tho
E omson One A Analytics, Re
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • C&C Construct
C tions got a `151Cr or rder from Ircon
Previous Currennt Change International for constrruction of a bridge in e
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Rajaasthan. The company h received an order f
e has from
Man
nappuram Fin
n 24.60
0 27.15 10.37 Ircon International for construction of road over
Sun TV Network 280.45
5 292.25 4.21 bridge and its approach hes as per specification,
JPINFRATEC 49.00
0 50.95 3.98 drawwing and design, mainntaining all quality control
Woc
ckhardt 868.85
5 900.20 3.61 stan
ndards.
L&T Finance
T 42.05
5 43.40 3.21 • The government has aske Reliance Industries Ltd
ed e s
(BSE Mid-Cap)
E (RIL to sign agreement to incre
L) ts ease supply of
y
natu
ural gas from KG-D6 fie
elds to urea manufactu
a uring
Previous Currennt Change unit of Iffco an Indo Gulf Fertilizer Ltd.
ts nd f
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Man
nappuram Fin
n 24.60 27.15 10.37 • The proposed m merger betw ween Sesa Goa and Ste
G erlite
Educomp Sol 157.60 167.05 6.00 ustries (India), aimed a creating a mega nat
Indu at tural
Tulip Telecom
p 113.65 119.35 5.02 reso
ources firm, on Monday moved a step ahead with
y s
Jagr
ran Prakashan
n 86.80 90.40 4.15 both the Ve
h edanta Gro oup firms’ shareholders
’
favo
ouring the reesolution.
JPINFRATEC 49.00 50.95 3.98
• Sun TV Netwo ork has prroposed to spend aro ound
TOP LOSERS `200 as capit expendit
0Cr tal ture (capex) for the cur
) rrent
financial year, which include upgradding equipm ment
(BSE A-Group)
E
and on programmming operations.
Previous Currennt Change
Com
mpany Name
e • Fort Healthca will be in focus as reports sug
tis are ggest
Close(`
`) Price(`
`) (%)
Adani Enter 219.35
5 211.40
0 -3.62 the company i eyeing a 26% stake in renew
is wable
Relia
ance Power 102.45
5 99.50
0 -2.88 energy compaanies throu
ugh its su ubsidiary FFortis
Hero MotoCorp
o 2084.50
0 2027.75
5 -2.72
Malh
har.
India Bank
an 180.00
0 175.25
5 -2.64 US markets
Gras
sim Inds 2527.70
0 2463.75
5 -2.53 US markets droppped more thhan 1% on worries over the
w r
effect of the Euuropean de ebt crisis on the gl lobal
(BSE Mid-Cap)
E
econom Dow Jo
my. ones Industrial Average fell 1.09% or
e %
Previous Currennt Change 138.12 points at 12502.66. Nasdaq Composite s
2 C shed
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
1.95% or 56.26 ppoints at 28836.16. Sta
andard & Pooor's
Hind
dustan Oil 133.70 127.75 -4.45
500 slipped 1.6% or 21.3 poin at 1313.
nts .72.
WAB
BCO India 1590.30 1538.10 -3.28
India Infoline
a 63.75 62.00 -2.75
Radico Khaitan 118.30 115.35 -2.49
Balk
krishna Inds 258.20 252.05 -2.38
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Tue
esday Wed
dnesday Th
hursday Friday
Reg
gions 26
6-Jun 27
7-Jun 28-Jun
2 29-Jun
Ind
dia Money Su
upply Forex Reserves Data
R
Bank Lo
oan Growth
US S&P/Case-
-Shiller Durable G
Goods order
r Gross Do
omestic Core Pe
ersonal
Home Pric Indices
ce Product Annualized Consummption
(YoY) (Q1) Expenditure - Price
e
Index (Y
YoY & MoM) )
Consumerr Initial Job
bless Claims Personaal
Confidenc
ce (Jun 23) Consummption
Expenditure - Price
e
YoY & MoM)
Index (Y )
Persona
al
Income(MoM);
Chicago Purchasing
o g
Manageers' Index
Glo
obal UK's Public Sector Germany CPI Data
y EUROPEA COUNCIL
AN Euro Zo
one EU
Net Borrowwing MEETING
G Econom Summit &
mic
Europea Council
an
Meeting
g
Japan's UK CURR
RENT Japan Construction
C n
manufact turingPMI & ACCOUN (Q1)
NT Orders (YoY) &
retail trad data
de Housing Starts (YoY
g Y)
UK Gross Domestic
s
Product (YoY)
KEYN
NOTE CAPITTALS LTD.
The Rub 9th Floo Senapati Bapat Marg, Dadar (W), Mumba – 400 028
by, or, ai 8
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m
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c n. tent is attribu
utable to
various media, unle specified otherwise. A market related statistic data perta
ess All cal ains to the im
mmediately preceding trad ding day,
unless stated other
s rwise. Neithe the informa
er ation nor any opinion expressed in this report constitutes an off
y s fer, or an invitation to
make an offer, to bbuy or sell the securities m
mentioned he erein. We or any of our directors, offic
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oyees shall not in any
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e e s m e o nt
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eport. The rep
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