1.
India Morning Note
a g
Tues
sday, June 0 2012
05,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 1 Jun 4 Change (%)
) • India markets recovered and closed on positive note
an e
Sensex 15,965.16 15,988.40 0.15% yest terday after earlier hi
r itting their lowest int
traday
CNX Nifty
X 4,841.60 4,848.15 0.14% levels since early January, as hopes for interest rate
BSE Mid-cap 5,821.63 5,809.23 -0.21% cuts sparked g gains in baanks, while bargain-hu unting
BSE IT 5,552.27 5,536.35 -0.29% lifted blue chips such as La
d s arsen & Toubro.
BSE Banks 10,684.62 10,802.52 1.10% • Falling oil prices as well as declining core inflatio and
s s c on
FII A
Activity (`Cr) grow in India give the Re
wth eserve Bank of India room to
k
adjust interest rates, a d deputy gov vernor said two
d,
Date
e Buy Sell Net
weeks before a policy review. The comments came
01-Jun 1,826 1,964 -138
after data last week show
r wed Januaryy-March dom mestic
31-M
May 6,325 6,960 -635
grow falling t a nine-ye
wth to ear low of 5.3 percent at a
5 t,
Tota Jun
al 1,826 1,964 -138 time when the outlook fo the global economy also
e or y
2012 YTD 284,859 243,060 41800 worssens.
MF A
Activity (`Cr) • The hopes for in
nterest rate relief allow
e wed Indian s
stocks
Date
e Buy Sell Net to sn
nap a three-
-day losing streak and outperform most
m
31-M
May 400 857 -457 Asian indexes. The BSE S Sensex rose 23.24 poin or
e nts
30-M
May 208 476 -268 0.155%, up close to 239 po
e oints from the day's low and
w
Tota May
al 8,321 8,877 -558 off about 24 points from th day's high
a he h.
2012 YTD 53,315 59,972 -6658 • Sharres of aviat
tion companies gained on report the
d ts
Volu
ume & Adva
ances / Dec
clines aviation ministr has called for aboliti
ry d ion of servic tax
ce
on air tickets a
a and reduction in sales tax on av
s viation
NSE BSE
fuel from an ave
erage 25% t a uniform 4%.
to m
Trad
ding Volume (Cr) 50.80 15.89
Turn
nover (`Cr) 8,920 1,760 • Futu Capital H
ure Holdings rose 5% after Warburg P
r Pincus
Advances 621 1,204
LLC agreed to buy a controlling stak in it for n
ke nearly
$1000mn from c
current majority shareholder Pant taloon
Declines 842 1,449
Reta
ail.
Unchanged 81 121
Tota
al 1,544 2,774 • Markket breadth was how
h wever weak at ~0.46 as
k 6x
investors sold l stocks. On provisional basis,
large cap s p
Glob Markets
bal
FIIs sold equity of `6.37bn while dom
n mestic institu
utions
Inde
ex Late Values
est Change (%)
) boug equity o `4.46bn in cash segm
ght of n ment.
DJIA
A 12,101.46 -0.14%
• Asian shares ad
dvanced, as investors hoped that policy
s h
NAS
SDAQ 2,760.01 0.46%
makkers would s
step in to s
stem growin concerns over
ng s
Nikk *
kei 8,345.56 0.60%
the global ec conomy an nd Chinese Services PMI
e s
Hang Seng * 18,353.01 0.92% imprroved.
* as o 8.25AM IST
of
• We expect a po
e ositive start for the India markets, after
an
Curr
rencies / Co
ommodities Snapshot
s
the RBI Deputy Governor hinted at interest rate cuts
y e
Latest Previous are possible and the Asian markets are positive to
p d oday.
Quote Close
Indian Rupee per $ 55.66 55.51 Econom and Cor
mic rporate Dev
velopments
s
Indian Rupee per € 69.54 69.02 • Ahea of its mid-quarterly policy review, the Re
ad y eserve
NYM
MEX Crude Oil($/bbl) 84.87 83.98 Bank today hinted at cu in intere
k ut est rates, s
saying
Gold ($/oz)
d 1,620.10 1,612.20 modderation in inflation due to lower economic g
e e growth
and cooling gloobal oil pric
ces provide room for e
easing
Silve ($/oz)
er 28.32 28.01
monnetary policy
y.
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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
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • EIH Associated Hotels, a part of the Oberoi Gr
e roup,
Previous Currennt Change plan to raise `
ns `110Cr by issuing equuity shares o a
on
Com
mpany Name
e
Close(`
`) Price(`
`) (%) rights basis to its existing sharehold
g ders. It plan to
ns
Pant
taloon Retl 138.85
5 148.45 6.91 utilise the am mount for repayment of loans and
Hexaware Tech 115.00
0 121.95 6.04 general corpo orate purp poses, acc cording to a
o
Mannappuram 20.45
5 21.65 5.87 docu ument filed with the Securities and Excha
d ange
Fina
ance Real
India
abulls 51.00
0 53.75 5.39 Board of India (
(Sebi).
Est
Shre Cement
ee 2365.15
5 2490.00 5.28 • Hero MotoCor
o rp announ nced an investment of t
(BSE Mid-Cap)
E `2,5
575Cr to se up, amon other things, two m
et ng more
mannufacturing units to the existing th
e hree factorie
es.
Previous Currennt Change
Com
mpany Name
e • Inse
ecticides (In
ndia) is plan
nning to continue with the
h
Close(`
`) Price(`
`) (%)
Zydus Wellness- 359.55 418.60 16.42 capital investm
ment by pum mping in another `200C to
Cr
$ expand its ma anufacturing capacitie in the next
es
Fres
senius Kabi 89.60 98.55 9.99
S Mo
obility-$ 37.70 41.45 9.95 couple of yearss.
Pant
taloon Retl 138.85 148.45 6.91 • To reduce its mounting debt, Futu ure Group has
Delt Corp
ta 57.60 61.15 6.16 decided to se a 54% stake in Future Capital
ell
Hold
dings (FCH) to US-based private equity m
e major
TOP LOSERS Warrburg Pincu us. Its board approve the sale on
ed e
Monnday. The deal would c cost Cloverd
dell Investm
ment,
(BSE A-Group)
E
an affiliate of W
a Warburg, abo `560Cr.
out
Previous Currennt Change
Com
mpany Name
e • Com
mpetition Co
ommission o India (CCI) has appro
of oved
Close(`
`) Price(`
`) (%)
Guja
arat Gas 333.55
5 305.05
5 -8.54 26% stake transfer in Max India's insurance arm,
%
JUBL FOOD
L 1233.05
5 1149.90
0 -6.74 Max New York Life Insu
x k urance (MNNYL) to Jappan's
Petr
ronet LNG 139.40
0 130.55
5 -6.35
Mits Sumitom Insurance Company.
sui mo e .
Neyveli Lignite 85.25
5 80.55
5 -5.51 • Man Industries orders wor `800Cr from the Mi
n rth f iddle
Indr
raprastha Gas
s 249.35
5 235.85
5 -5.41 East and domestic custo
t omers for supply of large
s
diam
meter pipes for oil and gas sector.
(BSE Mid-Cap)
E
• Oma axe has red duced its gr
ross debt by `213Cr in the
n
Previous Currennt Change last fiscal to `1,339.55Cr fr
rom interna accruals.
al
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Mon
nnet Ispat 397.90 362.60 -8.87 US markets
Energy
Guja
arat Gas 333.55 305.05 -8.54 US ma arkets ended a choppy session with their fo
y w ourth
JUBL FOOD
L 1233.05 1149.90 -6.74 straigh loss Mond
ht day, lagging the other benchmarks as
g s,
Indr
raprastha Gas
s 249.35 235.85 -5.41 a worssening outlo
ook for the global economy vied with
Aban Offshore 351.25 333.40 -5.08 hopes of central b
bank stimulu
us.
The Do Jones In
ow ndustrial Av
verage ended down 17.11
points, or 0.1%, at 12,101 1.46. The S&P 500 In
S ndex
ended up 0.14 point, or 0.01%, at 1,278.18. The
Nasdaq Composite Index gained 12.53 points, or 0.5%,
q e p
at 2,76
60.01.
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 5-
-Jun 6-Jun
6 7-Jun 8-Jun
Ind
dia Forex Reserves Data
R
Bank Lo
oan Growth
US ISM Non-M Index
Mfg Consumer Credit Trade Balance
B
Change
ICSC-Goldman Store Fed's Beernanke Wholesale
Sales testifies ories
Invento
Glo
obal Germany's Euro zone ECB
e UK's Pur
rchasing Japan Eco Watcherrs
Purchasing Manager interest r
rate Manager Index
r Survey (Current &
vices
Index Serv decision & press Services
s Outlook
k)
conferenc ce
Germany IIP
y UK's BoE Interest
E UK Prodducer Price
Rate Dec
cision Index - Input (YoY &
MoM)n.s.a
Japan's Leading UK Prodducer Price
Economic Index Index - Output (YoYY
& MoM) )n.s.a
KEYN
NOTE CAPITTALS LTD.
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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
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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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e e s m e o nt
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eport. The rep
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