1.
India Morning Note
a g
Frida July 20, 2012
ay,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jul 18 Jul 19 Change (%)
) • India markets continued its winning streak for fifth
an g
Sensex 17,185.01 17,278.85 0.55% straiight sessio
ons and closed on positive note
yestterday traccking firm global ma arkets. Reliance
CNX Nifty
X 5,216.30 5,242.70 0.51%
Indu
ustries gaine a day be
ed efore its qu
uarterly earnings,
BSE Mid-cap 6,190.76 6,198.18 0.12%
while Infosys rallied aft
e ter healthy U.S. ear
y rnings
BSE IT 5,233.65 5,325.46 1.75% imprroved confidence in global IT spending. Power
s
BSE Banks 12,184.41 12,198.05 0.11% equipment mak kers such as BHEL also rallied on hopes
s o
FII A
Activity (`Cr) the governmen would im
nt mpose impo duties, while
ort
hope for policy reforms b
es y boosted sec ctors expectted to
Date
e Buy Sell Net
beneefit such as airlines. BSE Sense jumped 93.84
ex
18-Jul 2,288 1,911 377 points or 0.55% up close to 35 point from the day's
%, ts
17-Jul 2,099 1,528 571 low and off about 40 points from the day's high.
a s d
Tota Jul
al 32,580 23,541 9040 • Data showing sustained b
a buying of Indian stocks by
I
2012 YTD 356,105 306,056 50050 forei
ign funds th month also boosted sentiment in the
his
MF A
Activity (`Cr) markets. Foreig institutional investors bought s
gn shares
wort a net `
th `5,011Cr fr rom the secondary e equity
Date
e Buy Sell Net
markets this moonth till 18 J
July 2012.
18-Jul 495 475 20
• Maru Suzuki In
uti ndia lost alm
most 9% af fter the com
mpany
17-Jul 353 445 -92
stop
pped produc ction at its M
Manesar, Ha aryana facto on
ory
Tota Jul
al 4,807 6,666 -1858
Weddnesday afte labour un
er nrest resulte in the death of
ed
2012 YTD 67,950 75,654 -7703 one person and at least 40 people be
d 0 eing injured. Hero
.
Volu
ume & Adva
ances / Dec
clines MotooCorp also ddropped aft the com
ter mpany said a the
at
time of announcement o first quarter results that
e of s
NSE BSE
cons
sumers in rural and upcountry markets could
y
Trad
ding Volume (Cr) 52.75 20.71
post
tpone buying of motorcycles if the monsoon
i
Turn
nover (`Cr) 9,582 1,926 remaains weak. While Kotak Mahindra Bank dropp
k ped as
Advances 800 1,514 the bank's ratio of gross no
b o on-performing assets ro to
ose
Declines 678 1,299 1.6% of gross advances as on 30 June 2012 from
%
Unchanged 82 136 1.56 as on 31 March 2012.
6%
Tota
al 1,560 2,949 • Markket breadth was posit
h tive at ~1.17x as inveestors
bougght large c cap stocks. On provissional basis FIIs
s,
Glob Markets
bal
bougght equity of `1.26bn while dom mestic institu
utions
Inde
ex Late Values
est Change (%)
) sold equity of `2
2.29bn in ca segmen
ash nt.
DJIA
A 12,943.36 0.27%
• Asian stocks mo day, as the trader book their
ostly fall tod k
NAS
SDAQ 2,965.90 0.79% profits made du
uring last se
essions.
Nikk *
kei 8,770.30 -0.29%
• We expect a flat opening for the Ind
dian marke
ets, as
Hang Seng * 19,580.03 0.11% ative Asian markets may count
nega n tered by c
capital
* as o 8.25AM IST
of good stocks a
ds after cabine decided to impose 21%
et e
Curr
rencies / Co
ommodities Snapshot
s duty on import of power eq
y quipment.
Latest Previous Econom and Cor
mic rporate Dev
velopments
s
Quote Close
• The cabinet has decided to slap 21% duty on im
s mports
Indian Rupee per $ 55.13 55.05
of power equipment, mainly to protect dom
p p mestic
Indian Rupee per € 67.68 67.73 companies from cheap Chinese shipments.
m
NYM
MEX Crude Oil($/bbl) 92.09 92.66
• The cabinet al lso approve 17% hik in suga
ed ke arcane
Gold ($/oz)
d 1,582.10 1,580.40 price that mills pay to farm
e mers to `17 per quint for
70 tal
Silve ($/oz)
er 27.16 27.19 20122-13.
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note Capitals Research
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als h
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Lanc Infra in talks for `23000Cr debt recas if
co st,
Previous Currennt Change adm
mitted to C CDR, will b the bigg
be gest ever loan
Com
mpany Name
e
Close(`
`) Price(`
`) (%) rest
tructuring.
Dish TV India
h 68.05
5 71.20 4.63
• Gay
yatri Projects to sell stake in power JV to
n V
GMR Infra
R 23.95
5 24.90 3.97
subs
sidiary of JS for `1400Cr
SPL
Thermax 490.95
5 510.00 3.88
• RIL to bid for 2G spectrum across all circles in the
a n
TTK Prestige 3441.90
0 3563.40 3.53
ming auction
com n.
Havells India 579.20
0 599.35 3.48
• Glob
bal investtors inclu
uding Tem
masek, China
C
(BSE Mid-Cap)
E Inve
estment Cor to invest in RCom ’s undersea c
rp cable
Previous Currennt Change unit Global Telecommunic
t, structure Trust.
cation Infras
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
• IOB seeks `150
00Cr capita from govt $500mn MTN
al t;
Dish TV India
h 68.05 71.20 4.63
issue soon.
KPIT Cummins
T 115.90 121.20 4.57
SRF 219.80 229.80 4.55 • Cadila Healthca settles l
are lawsuit with Somaxon over
h
Gen
neric Silenor
r.
HAT
THWAY CAB 188.30 196.05 4.12
Sun Pharma Adv
v 74.15 77.05 3.91 • Lodha Developpers set to buy DLF’s NTC land for
s d
`250
00-2700Cr
TOP LOSERS • Shanthi Gears open offe at `81pe share, o
er er offer
(BSE A-Group)
E opens on Sept 5, closes on Sept 18.
n
Previous Currennt Change • Welspun Globa open offe at `42pe share op
al er er pens,
Com
mpany Name
e
Close(`
`) Price(`
`) (%) issue opens on Sept 6, clos on Sept 20.
ses t
Maruti Suzuki 1224.30
0 1117.35
5 -8.74 • Lloy
yds Steel open offer a `11.65 per share, o
at p offer
Idea Cellular
a 83.80
0 80.50
0 -3.94 opens on Sept 6, closes on Sept 20.
n
God
drej Inds 251.55
5 242.25
5 -3.70
US markets
CRIS
SIL 1029.40
0 994.25
5 -3.41
BOB
B 715.25
5 696.70
0 -2.59 US stocks extende gains int a third se
ed to ession Thurssday
as bettter-than-ex
xpected earnings from Internati
m ional
(BSE Mid-Cap)
E Business Machine Corp. an other co
es nd ompanies offset
Previous Currennt Change weak economic data. Europe
e ean progres on appro
ss oving
Com
mpany Name
e
Close(`
`) Price(`
`) (%) a Span
nish aid pack
kage to ban also bols
nks stered stock
ks.
CHO
OLAFIN 214.45 201.90 -5.85
God
drej Inds 251.55 242.25 -3.70
CRIS
SIL 1029.40 994.25 -3.41
Carb
borundum Un
n 160.85 156.00 -3.02
Redington India 75.00 72.90 -2.80
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Friday Monday
M Tuesday
Reg
gions 20-Jul 23-Jul 24-Ju
ul
Ind
dia Forex Reserves D
Data
US American Petroleum Chicago Fe National
ed Housing Price In
ndex (MoM)
Institu Monthly Report
ute Activity Ind
dex
Mark Manufacturing PMI
kit
Glo
obal UK Public Sector N
Net Nationwide Housing Prices
e Euro
ozone's Markit PMI
wing
Borrow s.a (MoM) and n. s.a (Y
a YoY) Com
mposite
Germaany Produce Price
er Eurozone's Consumer
s Japa
an's Merchan
ndise Trade
e
Index (YoY & MoM
M) Confidence
e Bala
ance Total
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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
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
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