1.
India Morning Note
a g
Frida June 15, 2012
ay,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 13 Jun 14 Change (%)
) • India markets snapped t
an two-day winnning streak and
Sensex 16,880.51 16,677.88 -1.20% close on nega
ed ative note yyesterday as the latest data
t
CNX Nifty
X 5,121.45 5,054.75 -1.30% showwed inflatio accelerat
on ting in May 2012 to 7
y 7.55%
BSE Mid-cap 6,000.94 5,924.59 -1.27%
from a year ear
m ness in glob stocks caused
rlier. Weakn bal
by euro-zone de worries also weighe on sentim
e ebt ed ment.
BSE IT 5,682.77 5,701.57 0.33%
BSE Banks 11,667.19 11,338.72 -2.82% • Inflation based on the w wholesale price index (WPI)
acceelerated to 7.55% in May 2012 fro a year e
om earlier
FII A
Activity (`Cr)
as prices of manufact tured prodducts and fuel
Date
e Buy Sell Net incre
eased, add ding to conncerns of a rise in price
13-Jun 1,870 1,598 272 pres ation was at 7.23% in April 2012 The
ssures. Infla 2.
12-Jun 1,454 1,430 24 goveernment als raised WP inflation reading for M
so PI r March
Tota Jun
al 17,350 16,992 359 2012 to 7.69% f
2 from 6.89% reported earlier.
%
2012 YTD 300,384 258,087 42297 • The government todayrai ised the minimum su
m upport
MF A
Activity (`Cr) price of variou kharif (Ju
es us une-Octobe crops 20
er) 012 in
the range of 1 15.3% to 53 3.1%, which is expect
h ted to
Date
e Buy Sell Net
her fuel pe
furth ersistently high food inflation in the
13-Jun 635 547 88
coming months Food inf
s. flation has been in d
double
12-Jun 357 419 -62 digit for aroun a year and has been contrib
ts nd b buting
Tota Jun
al 4,046 3,362 684 significantly to o
overall infla
ation.
2012 YTD 57,910 63,693 -5783
• Bankking and reealty stocks edged low
s wer as inve
estors
Volu
ume & Adva
ances / Dec
clines redu
uced bets o possible interest rate cuts b the
on e r by
NSE BSE cent
tral bank aafter the laatest data showed inf flation
Trad
ding Volume (Cr) 53.41 15.65
acce
elerating in May 2012 Shares of diesel ve
2. ehicles
makkers declined for the second straight day on re
d eports
Turn
nover (`Cr) 8,457 1,773
the government is plan nning to compensate the
c e
Advances 429 1,011
subs
sidy on diesel by taxing cars runnin on diesel.
g ng
Declines 1,029 1,701
• Mark breadth was weak at ~0.59x as investors sold
ket
Unchanged 81 119
large cap stoc
e cks. On pro
ovisional ba
asis, FIIs b
bought
Tota
al 1,539 2,831
equity of `1.05bn while domestic institutions sold
s
Glob Markets
bal equity of `2.83b in cash segment.
bn
Inde
ex Late Values
est Change (%)
) • Asia stocks are positive amid choppy session, with
e ,
DJIA
A 12,651.91 1.24% Hong Kong in the lea
g ad as inv vestors we eighed
NAS
SDAQ 2,836.33 0.63% expeectations of policy easi
f ing ahead of this week
o kend’s
Nikk *
kei 8,595.88 0.31% crucial election in Greece.
Hang Seng * 19,005.80 1.05% • We expect a po ositive openning for the Indian ma
e arkets,
* as o 8.25AM IST
of following the cu
ues from th Asian markets. How
he wever,
Curr
rencies / Co
ommodities Snapshot
s after high levels inflation would raise doubts fo the
r or
investors wheth RBI will g for the policy cuts.
her go p
Latest Previous
Quote Close Econom and Cor
mic rporate Dev
velopments
s
Indian Rupee per $ 55.71 55.56
• India wholesa
a's ndex (WPI) rose in May to
ale price in
Indian Rupee per € 70.34 69.82 7.55 against 7
5% 7.23% in Appril.
NYM
MEX Crude Oil($/bbl) 84.60 83.91
• Finance Ministter Pranab Mukherje
b ee said h he is
Gold ($/oz)
d 1,625.20 1,618.40
nfident" tha headline inflation would re
"con at emain
Silve ($/oz)
er 28.48 28.40 ween 6.5-7.5 throughout the fiscal year 2012-13.
betw 5%
Keyn
note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
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als h
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omberg KNTE <GO>, Tho
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Apollo Hospitals Enterprise is plannin to expand its
e ng
Previous Currennt Change pharmacy reta network to over 2,000 outlet in
ail ts
Com
mpany Name
e
Close(`
`) Price(`
`) (%) next three to four years from the current aro
t ound
MMT
TC 691.35
5 747.35 8.10 1,30 outlets.
00
Piramal Health 451.95
5 471.95 4.43
• Spic
ceJet is plaanning to raise funds from private
Hind
dustan Copp 253.65
5 263.75 3.98 mpanies suc as The Blackstone Group
equity (PE) com ch
Sun TV Network 254.75
5 261.75 2.75 and Bain Cap pital, and other pote
ential inves
stors
Colg
gate Palmoliv
v 1137.90
0 1160.25 1.96 inclu
uding foreig airlines.
gn
(BSE Mid-Cap)
E • Reliance Indust tries has re
eported natural gas ouutput
at it eastern o
ts offshore KG--D6 fields dropping to 31.5
Previous Currennt Change
Com
mpany Name
e million cubic mmeters per day this month as high
Close(`
`) Price(`
`) (%)
HMT
T 35.75 38.20 6.85 wate and sand ingress led to shutt
er ting of 8 w
wells.
God
dfrey Phil 3121.00 3325.00 6.54 Gas output fro om KG-D6 in the week ended Jun 3
k ne
Tulip Telecom
p 92.15 97.35 5.64 droppped to 31.57 mmcmd from 32.66 in M May,
Karn
nataka Bank 82.25 86.55 5.23 accoording to a status rep port filed by the comp
y pany
with the Oil Min
h nistry.
Shre Global Trd
ee d 83.30 87.45 4.98
• Wipro has wo a multi-
on -million dollar order f
from
TOP LOSERS MMG an Austr
G, ralian unit o China Min
of nmetals Cor a
rp,
com
mpany execu
utive said on Thursday.
n .
(BSE A-Group)
E
US markets
Previous Currennt Change
Com
mpany Name
e
Close(`
`) Price(`
`) (%) U.S. sto
ocks jumped overnight after expec
t ctations tha US
at
IB R
Real Est 57.70
0 54.00
0 -6.41 Fed eaase liquidity in the system and stro
onger econoomic
Unit
tech 22.80
0 21.50
0 -5.70 data.
PNB
B 813.65
5 769.00
0 -5.49
Adani Ports 120.75
5 114.40
0 -5.26
Pant
taloon Retl 173.10
0 164.85
5 -4.77
(BSE Mid-Cap)
E
Previous Currennt Change
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
IB R
Real Est 57.70 54.00 -6.41
Unit
ted Bank 67.90 63.95 -5.82
Unit
tech 22.80 21.50 -5.70
Bank of Maharas
s 54.20 51.50 -4.98
Mcle
eod Russel 287.20 273.25 -4.86
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 15-Jun 18
8-Jun 19-Jun
1 20-Jun
Ind
dia Forex Reserves Data Consume Price
er
Index
Bank Loan Growth
n
US Industrial Production NAHB Housing Housing Starts Fed pre
ess
(MoM), Ca apacity Market In
ndex (MoM) confere
ence & FOMC
C
Utilization Total Net
n, minutess
TIC Flows
NY Empire State
e Building Permits Interest rate
t
Manufactu
uring Index (MoM) decision
n
Glo
obal Euro Zone
e Bank of Ja
apan UK's Con
nsumer Price German producer
ny r
Employme Change
ent Monthly EEconomic Index (M
MoM) and price index
(YoY & Qo
oQ) & Trade Survey (YoY)
Balance n.s.a
UK Goods Trade Japan's Leading Bank of England
f
Balance & Trade Economic Index minutes & UK
s
Balance; n
non- EU unemployment rate
Japan BoJ Interest Germany ZEW
y's Japan's all industry
y
Rate Decis
sion Survey - Economic activity index
Sentiment
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m
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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.