1.
India Morning Note
a g
Wednesday, July 04, 2012
y
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
• India markets ended hig
an s gher yester rday, althouugh it
Nam of Index
me Jul 2 Jul 3 Change (%)
)
gave up most g
e gains after h
hitting its hiighest level since
Sensex 17,398.98 17,425.71 0.15%
mid--April, led by gains in telecom stocks suc as ch
CNX Nifty
X 5,278.60 5,287.95 0.18% Bhar Airtel, a
rti after a tribbunal's split verdict o 3G
t on
BSE Mid-cap 6,209.24 6,209.24 0.00% mutu roaming pacts. IT stocks, how
ual g wever, cont tinued
BSE IT 5,749.48 5,720.60 -0.50% to dr
rag the inde
exes, falling for the sec
g cond day, on poor
n
BSE Banks 11,987.67 12,060.45 0.61% nearr-term demand outlook due to de elays in deecision
makking by clients. Investo ors are also refrained from
FII A
Activity (`Cr)
build
ding large p
positions ahhead of the beginning o the
of
Date
e Buy Sell Net Q1 June 2012 earnings sea ason next we eek.
02-Jul 6,933 3,038 3895 • Unceertainty ove the mon
er nsoon couppled with ddoubts
29-Jun 2,065 3,155 -1090 abou whether t
ut the governm
ment will be able to wa the
e alk
Tota Jul
al 6,933 3,038 3895 talk on policy reforms due to compulsions of coa
e alition
2012 YTD 330,458 285,553 44905 polit
tics seem to have added a cautio
o ous undertone on
the prevailing o
p optimism.
MF A
Activity (`Cr)
• An Indian teleccoms tribunal gave a split verdict on a
s t
Date
e Buy Sell Net challenge by mobile phone operators seekin ng to
02-Jul 322 543 -221 overrturn a govvernment or rder requiring them to stop
o
29-Jun 717 580 137 offer
ring 3G se ervices beyyond their licensed zones
Tota Jul
al 322 543 -221 through mutual roaming pacts. Bharti Airtel rose 2.7%
l i
while Idea Cellu
e ular gained 5
5.4%.
2012 YTD 63,465 69,531 -6066
• Jeffe
eries started coverage of Indian pharmace
e n eutical
Volu
ume & Adva
ances / Dec
clines sector with "b buy" rating on Sun Pharmace
gs eutical
NSE BSE Induustries, Ranbaxy Laborratories and Cipla, citing its
d
Trad
ding Volume (Cr) 75.09 25.55 prefeerence for companie with hig
es gh exposure to
Turn
nover (`Cr) 10,364 2,063 chroonic/complex therapie
x es and st trong eme erging
market presenc ce.
Advances 896 1,680
• Markket breadth was strong at ~1.4
h 41x as inve
estors
Declines 560 1,194
boug small an mid cap stocks. On provisional basis,
ght nd
Unchanged 59 89
FIIs bought e equity of `5.89bn while dom mestic
Tota
al 1,515 2,963 institutions sold equity of `
d `5.44bn in cash segmen
nt.
Glob Markets
bal • Asian markets a mostly higher, afte strong clo
are er ose of
Inde
ex Late Values
est Change (%)
) the US markets.
U
DJIA
A 12,943.66 0.56% • We expect a positive opening for the Indian ma
e arkets
NAS
SDAQ 2,976.08 0.84%
toda following the cues f
ay, g from the As
sian market and
ts
impr
roving sentiments of th foreign in
he nvestors.
Nikk *
kei 9,102.71 0.40%
Econom and Cor
mic rporate Dev
velopments
s
Hang Seng * 19,765.01 0.15%
• India
a's monso oons should improv ve next week,
* as o 8.25AM IST
of
Agric
culture Min
nister Shara Pawar said, as con
ad ncerns
Curr
rencies / Co
ommodities Snapshot
s grow that the progress of the crucial June-to-
w e s
Latest Previous Septtember rain has halte and has hit the sow
ns ed wing of
Quote Close some crops in tthe major fo
ood producer and cons
sumer
Indian Rupee per $ 54.21 55.38 as.
area
Indian Rupee per € 68.34 69.70 • A te
elecoms trib
bunal gave a split verd dict on a pe
etition
NYM
MEX Crude Oil($/bbl) 87.38 87.66 by mobile pho
m one operato ors seeking to overtu
g urn a
Gold ($/oz)
d 1,616.70 1,621.30 goveernment ord that ban them fro forming pacts
der ns om
Silve ($/oz)
er 28.20 28.26 to offer 3G se
o ervices out tside their licensed zzones,
delaying a resolution to a s
six-month dispute.
Keyn
note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
Keyynote Capita Research is also available on
als h
Bloo
omberg KNTE <GO>, Tho
E omson One A Analytics, Re
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Follo
owing the setback in its legal dispute with
Previous Currennt Change Indr
raprastha G Gas (IGL), downstream oil regulator
m
Com
mpany Name
e
Close(`
`) Price(`
`) (%) roleum and Natural Gas Reg
Petr gulatory Board
Adani Enter 222.25
5 231.60 4.21 (PNGGRB) has put on hol its order on the r
ld rates
JUBL FOOD
L 1165.85
5 1213.65 4.10 charged by ci ity gas disstribution companies. The
c
Lanc Infra
co 14.94
4 15.47 3.55 reguulator is aw
waiting clarity on its st
tatutory pow
wers
Brita
annia Inds 524.80
0 543.00 3.47 befo proceeding on the c
ore contentious issue of rat
tes.
Crom
mpton Greav
v 121.20
0 124.95 3.09 • Titan announce beginning of its discounted sale on
ed g es
(BSE Mid-Cap)
E watcches startin from July 5. Commenting on Tit
ng y tan’s
disc
counted sal les offer, N
Neeraj Verm ma, area ssales
Previous Currennt Change mannager, Punjab region, said the sa season this
ale
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
year has been advanced by a month, compare to ed
Dew
wan Housing 165.00 173.90 5.39
the previous y year. “Last year, the wedding pe
w eriod
Mind
dtree 645.40 680.05 5.37
conttinued till end of June, but this year, the wedding
JUBL FOOD
L 1165.85 1213.65 4.10
seasson is dry. To lend a s spurt to sale during th
es hese
Punj Lloyd
j 48.85 50.85 4.09
lean months, discounts have been announced.”
n
Arvind 73.75 76.55 3.80
• Inse
ecticides (India) is scou
uting for export markets in
TOP LOSERS Japa Europe a
an, and the Unitted States of America.
o
• GTL Infrastruc
L cture has set up a committee to e
(BSE A-Group)
E
rest
tructure its outstanding dollar convertible bo
g onds
Previous Currennt Change due in Novemb this yea sending it shares up as
ber ar,
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
muc as nearly 20%.
ch y
Jinda Steel
al 469.50
0 457.80
0 -2.49
Alsto T&D
om 194.85
5 190.15
5 -2.41 US markets
Asho Leyland
ok 24.95
5 24.35
5 -2.40 ocks rose higher Tuesd
U.S. sto day after a surprise jum in
s mp
JPPO
OWER 34.80
0 34.15
5 -1.87 May faactory order and highe commodities prices that
rs er
Man
nap Gen Fin 31.35
5 30.80
0 -1.75 booste investor s
ed sentiments.
(BSE Mid-Cap)
E
Previous Currennt Change
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Info Edge India 367.05 357.05 -2.72
TVS Motor 36.45 35.50 -2.61
Alsto T&D
om 194.85 190.15 -2.41
Asho Leyland
ok 24.95 24.35 -2.40
COX KINGS
X 131.60 129.05 -1.94
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Wedn
nesday Thu
ursday Friday
F Monday
M
Reg
gions 4-
-Jul 5-Jul
5 6-Jul 9-Jul
Ind
dia Forex Re
eserves Dat
ta
Bank Loa Growth
an
US PMI Index services MBA Mort tgage Average Hourly
e Consum Credit
mer
Applicatio (Jun 23)
ons ) Earnings (YoY &
s
MoM) & Average
Weekly HHours
Continuin & Initial
ng Unemplo
oyment Rate
Jobless Claims (Jun
24)
ISM Non- Nonfarm Payroll
m
Manufact
turing PMI
(Jun)
Glo
obal Germany PMI Index UK BoE In
nterest Rate
e Eurozone President German Trade
ny
services Decision Draghi's Speech Balance
e
European Monetary
n Japan Le
eading Japanes Economic
se c
Union ECB Interest Economic Index & Survey
Rate Dec
cision Coincide Index
ent
UK Produ ucer Price UK retail sales
Index - Input & monitorr
Output ((YoY & MoM)
n.s.a
Germany Industrial
y
Production (YoY &
MoM)
KEYN
NOTE CAPITTALS LTD.
The Rub 9th Floo Senapati Bapat Marg, Dadar (W), Mumba – 400 028
by, or, ai 8
Tel. : +9
9122-30266
6000 • www
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capitals.com
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
port has not been edited due to time c
d constraints.