1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Friday, November 25, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Nov 23 Nov 24 Change (%) • The Sensex recovered sharply in the afternoon
Sensex 15,699.97 15,858.49 1.01% trading, as European markets rebounded after
CNX Nifty 4,706.45 4,756.45 1.06% yesterday's decline and unexpected rise in German
BSE Mid-cap 5,514.11 5,591.33 1.40% business confidence brought bullish sentiments among
BSE IT 5,446.73 5,517.25 1.29% the investors. A sharp drop in the weekly food inflation
BSE Banks 9,649.30 9,742.50 0.97% also provided reasons to cheer to the investors.
FII Activity (`Cr) • Auto stocks mostly guided the markets, as falling
food inflation rose hopes for the investors that the
Date Buy Sell Net
RBI will remain committed to not to raise interest
23-Nov 1,726 2,797 -1071
rates in December Monetary policy review.
22-Nov 1,759 2,621 -862
Total Nov 29840 32255 -2415 • Bharti Airtel, which fell sharply yesterday recouped
2011 YTD 555,096 555,916 -820 all its losses and gained 3.7%. The shares fell 3.7%
yesterday, after Sunil Mittal, Chairman of Bharti
MF Activity (`Cr) Airtel, Kumar Mangalam Birla, chairman of the
Date Buy Sell Net Aditya Birla Group which owns Idea, and Vittorio
23-Nov 694 470 224 Colao, Chief Executive Officer of Vodafone Group
22-Nov 828 355 473 Plc, asked PM Manmohan Singh in a letter to
Total Nov 7147 6706 442 intervene in agreements between operators to
2011 YTD 118,584 113,504 5080
share 3G spectrum and have requested the
government to refund the spectrum fees with
Volume & Advances / Declines interest. The three companies was sharing 3G
NSE BSE spectrum and offering services in areas where
Trading Volume (`Cr) 12222 2013 spectrum was not allocated to them.
Advances 805 1460 • Market breadth was positive at around 1.1x, as rally in
Declines 642 1313 the large cap stocks came. FIIs sold equities worth
Unchanged 53 119 Rs1636Cr while domestic institutions bought shares of
Total 1500 2892 Rs1047Cr.
Global Markets • Asia markets traded mostly lower on Friday, with
Index Latest Values Change (%) energy and banking stocks notable decliners, amid
lingering concerns over Europe’s debt crisis.
DJIA NA -
NASDAQ NA - • We expect a flat but negative opening for the Indian
Nikkei * 8,173.31 0.10% markets, as impact of weakness in the Asian markets
Hang Seng * 17,767.50 -0.93% will be reduced by cabinet's approval for FDI in multi
brand retail and falling inflation.
* as of 8.25AM IST
Currencies / Commodities Snapshot Economic and Corporate Developments
Latest Previous • The Securities and Exchange Board (Sebi) set a
Quote Close minimum allotment size of Rs5Cr ($1mn) for issuing
Indian Rupee per $ 52.07 52.07 shares in an initial public offer to "anchor" or
Indian Rupee per € 69.38 69.50 cornerstone investors.
NYMEX Crude Oil($/bbl) 96.39 96.17
• Food inflation fell sharply to single digit at 9.01% for
Gold ($/oz) 1,698 1,706
the week ended November 12 against 10.63% in the
Silver ($/oz) 31.88 31.96 previous week.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group)
Previous Current Change • The proposed national pharmaceuticals policy that
Company Name
Close (`) Price (`) (%) seeks to control the prices of drugs will only end up
IFCI 21.45 24.20 12.82 devaluing the country’s pharma sector, Biocon
Pantaloon Retl 178.70 200.60 12.26 Limited said on Thursday.
Indiabulls Fin 120.10 132.30 10.16 • Financial Technologies (India) Ltd (FTIL) has
Opto Circuits 199.55 219.45 9.97 launched five new software solutions in the power
Sun TV Network 249.20 270.20 8.43 trading arena.
• Polaris has announced plans to completely acquire
(BSE Mid-Cap)
Indigo Tx Software Private Limited, a software as a
Previous Current Change service (SaaS) player. The company, in March 2010,
Company Name
Close(`) Price(`) (%)
had acquired 51% equity shares of Chennai-based
IFCI 21.45 24.20 12.82
IndigoTx Software.
Pantaloon Retl 178.70 200.60 12.26
• Jet Airways' unpaid jet fuel bills rise by over 65% to
Indiabulls Fin 120.10 132.30 10.16
Rs849Cr in the first six months of the 2011-12
Sterlite Tech 31.30 34.45 10.06 financial year, while the dues of Kingfisher Airlines
Opto Circuits 199.55 219.45 9.97 grew by less than 4% during the same period.
• Jindal Saw bagged orders worth $190mn (around
TOP LOSERS
Rs1,000Cr) to supply large diametre pipes and
(BSE A-Group) ductile iron pipes for various export markets.
Previous Current Change
Company Name
Close(`) Price(`) (%)
Mundra Port 123.85 118.05 -4.68 US markets
SAIL 87.70 84.90 -3.19 US markets were closed for public holiday.
HPCL 289.05 280.80 -2.85
Pidilite Inds 158.20 153.75 -2.81
Container Corp 939.55 913.30 -2.79
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Parsvnath Dev 39.95 36.00 -9.89
VAARAD 48.30 45.90 -4.97
Kwality Dairy 73.60 69.95 -4.96
Shree Global Trd 202.40 192.45 -4.92
Sujana Towers 12.50 11.90 -4.80
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