1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Friday, September 30, 2011
Domestic Markets Snapshot Views on markets today
• Indian markets recovered from early loss and closed
Name of Index Sept 28 Sept 29 Change (%)
on positive note yesterday tracking firm European
Sensex 16,446.02 16,698.07 1.53% markets on the expectation that Germany will vote in
CNX Nifty 4,945.90 5,015.45 1.41% favor of European Financial Stability Facility. The
BSE Mid-cap 6,175.08 6,165.39 -0.16% markets surged after the strong opening gains of
European markets ignoring increase in food inflation
BSE IT 5,232.46 5,338.58 2.03%
indicating that currently resolving Euro issues are far
BSE Banks 10,895.26 11,054.63 1.46% more important. Post market hours, Germany backed
FII Activity (`Cr) European Financial Stability Facility, enhancing the
lending power and flexibility of the euro-zone bailout
Date Buy Sell Net fund, giving no shock to European markets. Food
28-Sep 2745 2493 252 inflation rate edged higher to 9.13% for the week
27-Sep 2154 2065 89 ended 17 September 2011 as against 8.84% for the
previous week while fuel price index also climbed to
Total Sept 44758 45594 -836
14.69% as against 13.96%. Except capital goods and
2011 YTD 477464 479099 -1644 consumer durables, all sectoral indices closed on
MF Activity (`Cr) positive note with auto, IT, FMCG and oil & gas stocks
were major gainers. Eros International gained 2.9%
Date Buy Sell Net after its London-listed parent company said that it
28-Sep 319 476 -157 expected its full-year results to beat current market
27-Sep 495 301 194 expectations, driven by strong performances from
recent film titles. The parent Eros International Plc is
Total Sept 8393 9170 -777
an Indian movie distributor for overseas markets. Gati
2011 YTD 101567 96342 5497 Ltd rose 4.9% after its board approved the transfer of
Volume & Advances / Declines its shipping business into a unit and said it was
planning to form a joint venture with a global shipping
NSE BSE firm.
Trading Volume (`Cr) 13,122 2,272 • Market breadth was weak at ~0.84x as investors sold
Advances 641 1,265 mid and small cap stocks. Both FIIs and domestic
Declines 820 1,507 institutions sold equities worth `2.3bn and `4.02bn,
respectively.
Unchanged 57 110
• Asian stock markets are mixed today after volatile US
Total 1,518 2,882
markets overnight. Japanese markets are moderately
Global Markets up while the Hang Seng is sharply down.
Index Latest Values Change (%) • We expect a flat opening for the Indian markets amid
directionless Asian markets. The markets may see
DJIA 11,153.98 1.3%
some selling on the higher side as investors are more
NASDAQ 2,480.76 -0.4% risk averse.
Nikkei * 8,723.12 0.3% Key events today
Hang Seng * 17,722.79 -1.6% • Opening of the IPO of Indo Thai Securities Ltd. (price
* as of 8.45AM IST band `70-84 per share), closes Oct. 05.
Currencies / Commodities Snapshot Economic and Corporate Developments
Latest Previous • Union Finance and Revenue Secretary RS Gujral
Quote Close flagged concerns over the dip in direct tax collection
Indian Rupee per $ 49.17 48.88 growth, saying it was indicative of a "slowdown in the
economy".
Indian Rupee per € 66.74 66.74
• The National Food Security Bill, aimed at ensuring
NYMEX Crude Oil($/bbl) 82.55 82.14
availability of food grains at reasonable price
Gold ($/oz) 1,629.90 1,615.50 especially to the weaker and vulnerable sections of
Silver ($/oz) 31.19 30.49 the society, will be introduced in the next session of
Parliament, Union Food and Civil Supplies Minister KV
Thomas said.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • Gujarat State Petroleum Corporation (GSPC) into a
Previous Current Change preliminary agreement with BG India, subsidiary
Company Name
Close (`) Price (`) (%) here of the BG Group, a global integrated natural
Jaiprakash Asso 70.00 74.40 6.29 gas company, for the long-term supply of up to
Container Corp 911.20 966.15 6.03 2.5mn tonnes per annum (mtpa) of liquefied natural
ADANI POWER 83.50 87.35 4.61 gas (LNG).
Torrent Power 216.85 226.15 4.29
• The Bombay High Court today adjourned a case
JPPOWER 32.85 34.25 4.26
involving Wockhardt and its bondholders till October
(BSE Mid-Cap) 4. The High Court had last week granted an
Previous Current Change additional one week's time to the debt-ridden
Company Name
Close(`) Price(`) (%) Wockhardt to arrive at a workable solution to handle
HT Media 139.40 148.00 6.17 the litigations from its foreign debtors.
Bombay Dyeing 357.85 378.45 5.76 • Oberoi Realty purchased 50% stake in I-Ven Realty
India Cements 69.25 72.70 4.98 from private equity firm ICICI Venture. ICICI Venture
Alok Inds 17.10 17.95 4.97 and promoters of Oberoi Realty had equal stake in I-
KGN Inds 28.45 29.85 4.92 Ven Realty, which was formed to purchase a prime
4-acre plot at Worli in Mumbai from Glaxo SmithKline
TOP LOSERS in 2004.
(BSE A-Group) • Power Grid Corporation of India (PGCIL) today said it
Previous Current Change had commissioned the transmission system for two
Company Name
Close(`) Price(`) (%) units of the Mundra Ultra Mega Power Project (UMPP)
Sun TV Network 262.80 244.35 -7.02 in Gujarat.
JUBL FOOD 870.30 824.95 -5.21
US markets
Thermax 485.60 461.05 -5.06
US stocks ended a choppy trading session Thursday
SKS Microfinance 271.90 258.90 -4.78
with gains for two of three benchmark indexes, led
ABB 737.85 704.90 -4.47
by the blue-chips, as better U.S. economic data and
(BSE Mid-Cap) Germany’s vote to expand its rescue fund bolstered
Previous Current Change sentiment. After rising as much as 260 points and
Company Name
Close(`) Price(`) (%) falling 45 points, the Dow Jones Industrial Average
Spicejet 22.60 21.20 -6.19 ended up 143.08 points, or 1.3%, at 11,153.98.
JUBL FOOD 870.30 824.95 -5.21
HATHWAY CAB 94.55 89.75 -5.08
Thermax 485.60 461.05 -5.06
Shree Global Trd 282.40 268.30 -4.99
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