1.
India Morning Note
a g
Frida May 18, 2012
ay,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me May 16 May 17 Change (%)
) • India
an markets dropped after a positive tr
s rading
Sensex 16,030.09 16,070.48 0.25% sess
sion till afte
ernoon, as investors worried ove the
w er
CNX Nifty
X 4,858.25 4,870.20 0.25% euro zone situation and unfavo
o orable dommestic
BSE Mid-cap 5,879.42 5,880.57 0.02% econnomic situation due to weak kening induustrial
BSE IT 5,512.94 5,510.75 -0.04% prod
duction and high inflatio
on.
BSE Banks 10,566.84 10,542.61 -0.23% • Investors sold e equities afte taking th Sensex a
er he almost
FII A
Activity (`Cr) 210 points up in the mor rning sessio as a wa
on, ave of
sellin pressure created o fall in Eu
ng e on uropean ma arkets.
Date
e Buy Sell Net
After touching a high of 16 6,240.18 duuring the day, the
16-M
May 2,243 2,725 -482
Sens sex fell to a
almost a ne egative of 16,008 level. The
1
15-M
May 1,834 1,970 -136
inde closed 40
ex 0.39 points u or 0.25% to 16,070
up, %, 0.48.
Tota May
al 24,055 24,222 -167
2012 YTD 260,433 217,140 43295
• Investors were also on hold for Friday's ear
e F rnings
results from Sta Bank of India, Tata Steel and Coal
ate f d
MF A
Activity (`Cr) India which wil help dete
a, ll ermine direc
ction in the near-
Date
e Buy Sell Net term
m.
16-M
May 572 591 -19
• FMCG stocks edged higher afte er the we
eather
15-M
May 550 358 192 artment fo
depa orecast th hat the 2012 Southwest
2
Tota May
al 4,599 5,039 -441 Monsoon will ar
rrive in time
e.
2012 YTD 49,593 56,134 -6541
• Markket breadth was marg
h ginally lowe at ~0.98x as
er
Volu
ume & Adva
ances / Dec
clines investors sold mid and small cap stocks On
d c s.
NSE BSE prov
visional bas old equity of `0.1bn while
sis, FIIs so
Trad
ding Volume (Cr) 58.01 17.02 dom utions bought equity of `2.54bn in cash
mestic institu f n
Turn
nover (`Cr) 9,737 1,805 segmment.
Advances 736 1,340 • Asian markets declined ssharply tod
day, as Mo oody's
Declines 713 1,368 Ratin
ngs Agency downgrade 16 Spanish banks raising
y ed
Unchanged 80 134 the concerns about the wider reach of the euro zone
o
Tota
al 1,529 2,842 prob
blems starte with Gree
ed ece.
Glob Markets
bal • We expect a ga down ope
e ap ening for th Indian ma
he arkets
Inde
ex Late Values
est Change (%)
) toda as trade may dum shares taking cues from
ay, ers mp t s
the Asian ma arkets. Wea akness acr ross the g global
DJIA
A 12,442.49 -1.24%
markets is also indicated through weak euro which
o w
NAS
SDAQ 2,813.69 -2.10%
declined below crucial $1.2 levels. It would be a very
27 t
Nikk *
kei 8,669.30 -2.34%
diffic
cult for the RBI to stop rupee e's deterioration
Hang Seng * 18,785.07 -2.17% against dollar putting further pressure on the equ
e uities.
* as o 8.25AM IST
of
Econom and Cor
mic rporate Dev
velopments
s
Curr
rencies / Co
ommodities Snapshot
s
Latest Previous • Colle
ection of i
indirect taxxes jumped by 10.4 4% to
Quote Close `33,045Cr in th first mon
he nth of the current fisc on
cal
Indian Rupee per $ 54.35 54.34 the back of inc
crease in eexcise duty and servic tax
ce
Indian Rupee per € 68.96 69.11 rates The indi
s. irect tax— excise dut ty, customs and
s
NYM
MEX Crude Oil($/bbl) 92.68 92.56 serv
vice tax— co
ollection had totalled `29,936Cr in April
` n
20111.
Gold ($/oz)
d 1,575.50 1,574.90
Silve ($/oz)
er 28.02 28.00
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note Capitals Research
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Houusing Develo opment andd Infrastruc
cture is clos to
se
Previous Currennt Change selling their 14-acre landd in Bangaalore to Go odrej
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Propperties, the realty arm
m of the Goodrej group, for
Astr
razeneca Ph 1541.10
0 1849.30 20.00 arouund `100Cr according
r, g to source close to the
es
Dish TV India
h 55.10
0 60.75 10.25 talks.
Obe
eroi Realty 238.40
0 249.80 4.78 • Goddrej Consummer Product will consider acquis
ts sition
Shriram Trans 480.35
5 502.30 4.57 opportunities to get into n
o new segmen nts, such as oral
Alsto T&D
om 140.75
5 146.95 4.40 care as it believes that getting into new verticals
e, o
(BSE Mid-Cap)
E thro
ough norma route wou be toug accordin to
al uld gh, ng
Chairman Adi Godrej. To get in into a totally new
o
Previous Currennt Change cate
egory organnically would be a tough call, he said.
d h
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Astr
razeneca Ph 1541.10 1849.30 20.00 • Induustrial gas maker BO India, a part of L
OC Linde
Dish TV India
h 55.10 60.75 10.25 Grou in Germany, has sa that the possibility of a
up aid e
Prism Cement
m 44.15 47.00 6.46 shar buyback is still ope with the company and
re k en e
Delt Corp
ta 58.60 62.35 6.40 will take a decis
sion on it be
efore June 2013.
2
VST Inds
T 1821.40 1930.00 5.96 • GMR Hyderab
R bad Intern national Airport Lim
A mited
(GHIAL), which runs the Rajiv Gandhi Internati
h ional
TOP LOSERS Airp
port (RGIA) in Hyderabad, is expe ecting to ha
andle
100,000 tonne of cargo wi ithin a year, according to a
(BSE A-Group)
E
seniior compan official. The airpor has rece
ny rt ently
Previous Currennt Change cros
ssed the 80,,000-tonne mark.
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Volt
tas 105.70
0 98.85
5 -6.48 • Afte the government recently reaffirmed its ea
er arlier
Pant
taloon Retl 140.35
5 132.00
0 -5.95 decision to al llow Reliannce Power Ltd. to divert
Cum
mmins India 452.15
5 431.00
0 -4.68
surp
plus coal f from its S Sasan projeect in Mad dhya
Prad
desh for a nearby p project, the company has
Tech Mahindra
h 636.95
5 607.40
0 -4.64
aske the Com
ed mptroller and Auditor General (CAG to
d G)
JUBL FOOD
L 1179.20
0 1132.30
0 -3.98
drop its observ
p vations of ""undue bennefit" in a d
draft
(BSE Mid-Cap)
E audit report.
Previous Currennt Change • Koutons Retail India plan to raise up to $200mn
ns
Com
mpany Name
e
Close(`
`) Price(`
`) (%) ound `1,090
(aro 0Cr) by issu
uing prefere
ential share to
es
Volt
tas 105.70 98.85 -6.48 prom
moters and others.
Pant
taloon Retl 140.35 132.00 -5.95
• DLF and Hary yana Urban Developm
n ment Authority
Blue Star
e 184.25 176.10 -4.42
da) have joined hand to const
(Hud ds truct a 16- -lane
Birla Corp
a 258.95 247.85 -4.29
road covering 8 km in Gu
d 8.3 urgaon at an investment of
JUBL FOOD
L 1179.20 1132.30 -3.98 up to `600Cr to ease heavy traffic flow in the city
t o w y.
US markets
US stoocks droppe sharply overnight, with the Dow
ed
Jones contracted f an 11th out of 12 se
c for essions, as euro
zone issues coupled with a a nega ative gauge of
e
manufaacturing in the Phila
n adelphia region added to
d
worries for investo
s ors.
The Dow Jones Industrial Average dropped 156.06
D
points, or 1.2%, to 12,544
42.49, led by J.P. Morgan
Chase & Co. share down 4.3
es, 3%.
The S& 500 Index lost 1
&P 19.94 points, or 1.5% to
%,
1,304.8
86. The Na asdaq Composite declined 60.35 or
5,
2.1%, to 2,813.69.
t
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Fri
iday Mo
onday Tu
uesday We
ednesday
Reg
gions 18/
/May 21
1/May 22/May 23/May
2
Ind
dia Forex Reserves Data
Bank Loan Growth
n
US American Petroleum Chicago FFed Existing Home Sales
s Home sales data
s
Institute M
Monthly National A
Activity (MoM)
Report Index
Richmon Fed
nd
Manufac
cturing Index
Glo
obal G8 Meetin
ng UK's Con
nsumer Price Bank of Japan
f
Index (M
MoM) and Interest rate
t
(YoY) decision
n
UK's Public Sector Bank of England
f
Net Borr
rowing Minutes
s
UK's Retail Price
MoM)
Index (M
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m
Disclaiimer: This re
eport is purely for informa ation purpose and is bassed on public information News cont
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
cers or emplo
oyees shall not in any
way be responsible for any loss arising from the use of this report. Investors are advised to apply their own judgmen before
e e s m e o nt
acting on the conteents of this re
eport. The rep
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d constraints.