1.
India Morning Note
a g
Tues
sday, June 1 2012
19,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 15 Jun 18 Change (%)
) • India markets fell by 1.4% yesterd
an s day, the bi iggest
Sensex 16,949.83 16,705.83 -1.44% perc
centage fall since June 1 as the market sent
m timent
CNX Nifty
X 5,139.05 5,064.25 -1.46% was hit adverse after the Reserve Ba
ely e ank of India (RBI)
a
BSE Mid-cap 5,958.50 5,895.36 -1.06% kept its key policy rate viz. the repo ra unchang
t . ate ged at
BSE IT 5,765.50 5,717.12 -0.84% 8% after a mid-
a -quarter mo onetary poliicy review t
today,
18 Ju
une 2012, ccontrary to market exp pectations of a 25
BSE Banks 11,586.65 11,220.87 -3.16%
basis points red
duction.
FII A
Activity (`Cr)
• After the close of market Fitch Ra
e ts atings cut India's
Date
e Buy Sell Net
soveereign outlo
ook to "negative" from "stable", s
m saying
15-Jun 2,530 2,138 392 growwth potent tial would "deterioraate" unless the
s
14-Jun 1,282 1,192 90 counntry implemments structural reforms, and citing
Tota Jun
al 21,162 20,322 841 "limi
ited progres on fiscal consolidati
ss" l ion.
2012 YTD 304,196 261,417 42779
• BSE Sensex, fel below the psychological 17,000 mark,
ll
MF A
Activity (`Cr) having regaine that lev
ed vel earlier in the day The
y.
Date
e Buy Sell Net Senssex lost 244 points or 1.44%, up about 70 p
4 points
14-Jun 187 462 -275
from the day's l
m low and off close to 405 points from the
day's high.
13-Jun 635 547 88
Tota Jun
al 4,233 3,824 409 • Inter
rest rate sensitive banking and auto s stocks
2012 YTD 58,097 64,155 -6058 reve
ersed initial gains after the Reser
r rve Bank of India
f
(RBI) kept its kkey policy rate unchaanged. Sharres of
Volu
ume & Adva
ances / Dec
clines
public sector o marketin companies were m
oil ng mostly
NSE BSE higher on repo the government will soon con
ort nsider
Trad
ding Volume (Cr) 58.81 17.94 easing price of diesel and cooking gas.
incre es g
Turn
nover (`Cr) 9,752 1,943 • Tata Steel rose after the company made a volu
a e m untary
Advances 420 1,001 open offer for raising i
n r its stake in The Tin nplate
Declines 1,052 1,688 Com
mpany of In ndia and T Tata Spong Iron. Tin
ge nplate
Unchanged 65 119 surg
ged 18.9%, w
while Tata S
Sponge Iron rallied 12.6
6%.
Tota
al 1,537 2,808 • Mark breadth was weak at ~0.59x as investors sold
ket
Glob Markets
bal large cap stoc
e cks. On pro
ovisional ba
asis, FIIs b
bought
Inde
ex Late Values
est Change (%)
) equity of `4.12bn while domestic institutions sold
s
equity of `0.63b in cash segment.
bn
DJIA
A 12,741.82 -0.20%
NAS
SDAQ 2,895.33 0.78% • Asian markets fall, after Spain’s fin
nancial problems
Nikk *
kei 8,698.60 -0.26% temp optimism about ele
per m ection outco
omes in Greece.
Hang Seng * 19,381.94 -0.24% • We expect a we
e eak opening for the Indian marke
g ets, as
* as o 8.25AM IST
of RBI's decision to maintain interest rates and F
s n r Fitch's
Curr
rencies / Co
ommodities Snapshot
s downgrade wou raise fea among the investors
uld ars s.
Latest Previous Econom and Cor
mic rporate Dev
velopments
s
Quote Close
• The Reserve Ba ank of India (RBI) kept the key interest
a t
Indian Rupee per $ 55.91 55.38
rate and the cas reserve r
sh ratio unchannged.
Indian Rupee per € 70.22 70.01
NYM
MEX Crude Oil($/bbl) 83.21 83.27 • Fitch Ratings h
h has revised India's out
tlook to neg
gative
from stable on account o limited progress on fiscal
m of
Gold ($/oz)
d 1,628.20 1,626.00
conssolidation and heightened risks to growth d due to
Silve ($/oz)
er 28.75 28.67
tardy pace of st
y tructural ref
forms.
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
euters Knowwledge, Capit IQ, TheMa
tal arkets.com and securitie
a es.com
Keynote Capitals Institu
utional Resea
arch - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business
To unsubsc cribe from th mailing lis please reply to unsub
his st, bscribe@keyynotecapitals
s.net

2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E
• With natural g
h gas output from its Kr rishna Godaavari
Previous Currennt Change (KG) - D6 block dipping to all-time low, Relia
e ance
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Induustries has proposed to drill first exploration well
o e
Nati
ional Alum 58.10
0 60.05 3.36
in almost five yyears on th flagging D1 and D3 gas
he
Motherson Sumi 157.95
5 160.80 1.80 field there.
ds
Strid Arco
des 706.55
5 719.25 1.80
Rash
htriya Chem 57.10
0 58.05 1.66 • Avia
ation comp panies are set to red duce maxim mum
fare by up to 20%. This follows the Directo
es o t orate
EIH 76.45
5 77.50 1.37
Genneral of Civil Aviation (DGCA) directing thes to
se
(BSE Mid-Cap)
E do so.
s
Previous Currennt Change • Tube Investments of India is planning to float a new
a g
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
entity along with a Japan
nese partne which will be
er
Allca
argo Logistics
s 126.35 135.80 7.48
auto ancillary company s
o specialising in design and
Wye
eth 852.95 900.00 5.52
tooling.
KSK Energy
K 50.85 52.50 3.24
Mon
nnet Ispat 341.65 352.00 3.03 • PowwerGrid Corpporation of I nning to get into
India is plan
Sun Pharma Adv
v 67.10 69.10 2.98 distribution buusiness. Thhe company that cannot
directly trade p
power in the domestic market du to
c ue
TOP LOSERS reguulatory restrictions is scoutin ng for po ower
distribution oppportunities overseas. Besides, it is
(BSE A-Group)
E tryin to branch into EPC (engineerin procurem
ng ng, ment
Previous Currennt Change and constructio business in other co
on) s ountries.
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Adani Enter 222.35
5 208.15
5 -6.39 • Infosys is delaaying takin on boar some of its
ng rd f
nned 28,00
plan 00 new recruits until mid-2013,
IRB Infra 125.50
0 118.50
0 -5.58
underlining the slowdown faced by India's N 2
e n y No
Uco Bank 76.80
0 72.85
5 -5.14
software servic company
ces y.
IDBI Bank
I 91.85
5 87.55
5 -4.68
DLF 196.80
0 187.80
0 -4.57 US markets
(BSE Mid-Cap)
E U.S. stocks on Monday closed mix, as the Dow
s ,
industr hile a third straight rise for the S&P
rials fell wh
Previous Currennt Change
Com
mpany Name
e 500, as Spanish bond yie
a elds hit a euro-era h high,
Close(`
`) Price(`
`) (%)
Stat Bk Mysre
te 518.00 485.15 -6.34 counteering cheer that came with the results of Greek
Anant Raj Inds 47.15 44.20 -6.26 elections.
IRB Infra 125.50 118.50 -5.58
BGR Energy
R 295.40 279.35 -5.43
Uco Bank 76.80 72.85 -5.14
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Tue
esday Wed
dnesday Th
hursday Monday
M
Reg
gions 19
9-Jun 20
0-Jun 21-Jun
2 25-Jun
Ind
dia
US Housing S
Starts Fed press
s Continuing & Initial New Ho
ome sales
(MoM) conferenc & FOMC
ce jobless c
claims
minutes
Building P
Permits Interest r
rate Purchasi
ing Manageer
(MoM) decision Index Ma
anufacturing
g
(Jun)
Housing Price Index
x
(Apr)
Glo
obal UK's Cons
sumer Price Germany producer
y Europe-p
purchasing German Consume
ny er
Index (MoM) and price inde
ex managers index Confide
ence
(YoY) (Manufacturing &
s)
Services
Japan's Le
eading Bank of e
england UK Retail Sales (YoY
Y) German Retail
ny
Economic Index minutes & UK Sales
unemployyment rate
Germany's ZEW Japan's all industry UK Housing prices
Survey - E
Economic ndex
activity in
Sentimentt
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
w.keynotec
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.