1.
India Morning Note
a g
Frida June 29, 2012
ay,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me Jun 27 Jun 28 Change (%)
) • India markets ended ma
an s arginally poositive yest
terday
Sensex 16,967.76 16,990.76 0.14% ahea of the E summit later in th day, alth
ad EU he hough
hopees for po olicy reforms after Prime Mi inister
CNX Nifty
X 5,141.90 5,149.15 0.14%
Manmohan Sing tempora
gh arily assume control o the
ed of
BSE Mid-cap 6,051.50 6,055.46 0.07%
nce
finan ministry supported sentiment. The
BSE IT 5,675.26 5,687.54 0.22% goveernment said Prime Mi inister Dr. Manmohan Singh
M
BSE Banks 11,544.27 11,507.50 -0.32% is ch
halking out plan for the country's economic re
e e evival.
FII A
Activity (`Cr) Volaatility was hiigh as trade rolled ov positions from
ers ver s
the near-month June 2012 series to July 2012 series
h 2
Date
e Buy Sell Net
ahea of F&O Ju
ad une contract.
27-Jun 1,918 1,651 267
• Sharres of tyre manufacturers fell aft ter a membber of
26-Jun 1,474 1,388 86
CCI told news c
t channel that a probe on tyre comp
t n panies
Tota Jun
al 34,392 33,564 829 was under way and an ord was like in the ne 10
der ely ext
2012 YTD 317,426 274,659 42767 days Apollo Ty
s. yres fell 2.14%, while CEAT declined
e
MF A
Activity (`Cr) 2.522%. Power generation s stocks exten nded this mo
onth's
gains as lower internation nal coal prices could boost
Date
e Buy Sell Net
profitability. Fall in internaational coal prices this year
s
27-Jun 383 319 64 could boost pr rofitability o those power generation
of
26-Jun 325 647 -322 firms which buy imported c
s y coal in the spot market. JSW
s
Tota Jun
al 7,755 7,636 119 Enerrgy, GVK Po ower & Infr NTPC an Torrent Power
ra, nd
2012 YTD 61,619 67,967 -6348 gained by between 0.39% to 1.48%.
Volu
ume & Adva
ances / Dec
clines • Axis Bank fell 2.2%, while Y
Yes Bank fe 1% after HSBC
ell
exite its inves
ed stments in both Indian lenders, raising
n
NSE BSE
abou a combined $430mn
ut n.
Trad
ding Volume (Cr) 70.70 19.66
• Mark
ket breadth was strong at ~1.1
h 11x as inve estors
Turn
nover (`Cr) 11,322 4,307
boug large ca stocks. O provisional basis, FIIs sold
ght ap On
Advances 758 1,461
equity of `11.12bn while d
domestic institutions bought
Declines 704 1,312 equity of `7.72b in cash segment.
bn
Unchanged 82 127
• Asian shares deeclined Frida as the markets rem
ay, m mained
Tota
al 1,544 2,900 cauttious on Eur
ropean Unio crisis sum
on mmit.
Glob Markets
bal • We expect a flat opening for the Ind dian marke
ets, as
Inde
ex Late Values
est Change (%)
) the Asian mar rkets are clueless on the Euro
n opean
DJIA
A 12,602.26 -0.20% deveelopments. A recent recovery in th euro may help
he y
rupe to strengthen against the dollar which would
ee
NAS
SDAQ 2,849.49 -0.90%
also help Indian equities.
n
Nikk *
kei 8,862.90 -0.13%
Hang Seng * 19,397.09 1.95%
Econom and Cor
mic rporate Dev
velopments
s
* as o 8.25AM IST
of • The Direct Tax xes Code ( (DTC) Bill, which see
eks to
over
rhaul the 5 50-year-old income ta laws, w
ax will be
Curr
rencies / Co
ommodities Snapshot
s
brou
ught in Parliament in th monsoon session, Finance
he
Latest Previous Secr
retary R S G
Gujral said.
Quote Close
Indian Rupee per $ 56.81 57.01 • Petro price wa cut by `
ol as `2.46 per litre, the se
l econd
redu
uction this m
month.
Indian Rupee per € 70.67 71.08
NYM
MEX Crude Oil($/bbl) 79.09 77.69 • Hit by a deman slump in the residen
b nd ntial sector, India
,
is lik
kely to witne around 25% decline in land de
ess e eals to
Gold ($/oz)
d 1,565.90 1,549.70
arou und `15,00 00Cr, realty consultant Cushma
y an &
Silve ($/oz)
er 26.62 26.25
Wak kefield said.
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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 • God drej Properrties said that it ha launche
as ed a
Previous Currennt Change premmium resid dential proje
ect -- Godrrej Horizon-- in
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Pune. The project, spread over 8.64 acres, consists
d
Baja Finserv
aj 643.95
5 678.80 5.41 of five towers and offers a total of 384 apartm
3 ments
MMT
TC 710.70
0 737.55 3.78 with a mix of 2, 2.5 and 3 BHK ranging from 1,13 sq
h 37
Century Tex 290.25
5 299.70 3.26 ft to 2,031 sq ft the compa
o t, any said in a statement.
India Hotels
an 58.85
5 60.70 3.14 • Reliance Comm
munications is planning to hire 6,000
g
Unit
ted Brew 530.75
5 546.80 3.02 sale and mark
es keting perso across In
ons ndia.
(BSE Mid-Cap)
E • With the ban o limeston mining at its Chand
h on ne a deria
unit in Rajastha since Aug
t an gust last ye still affec
ear cting
Previous Currennt Change
Com
mpany Name
e Birla Corporati
a ion’s cemeent business, the flag gship
Close(`
`) Price(`
`) (%)
HMT
T 37.40 42.35 13.24 firm of the M P Birla gro
m oup, is now exploring the
w
REI Agro 8.38 9.14 9.07 poss sibility of foreign ventu
ures.
Aban Offshore 355.15 377.45 6.28 • Raymond Limit ted is plann
ning to roll out the product
o
Baja Finserv
aj 643.95 678.80 5.41 in over 2,000 outlets in G
o Gujarat. Tapping over 180
Mon
nnet Ispat Ene
e 364.10 380.00 4.37 towns by Marc 2013 in Gujarat, Ra
ch aymond will be
er-3 to tier- towns fo the economy
using on tie
focu -5 or
TOP LOSERS bran
nd.
(BSE A-Group)
E • Ashok Leyland is planning to raise `4
g 400Cr to `50
00Cr
of debt to sup
d pport its inv
vestment pl lan, which is in
Previous Currennt Change
Com
mpany Name
e tune of `1200C Major chu
e Cr. unk of the investments will
s
Close(`
`) Price(`
`) (%)
JPPO
OWER 36.30
0 34.70
0 -4.41 go into Pantna
agarfacility, towards R&D and in the
R
Ruchi Soya 91.25
5 88.15
5 -3.40 joint ventures, said K Sridharan, chief financial
t
Man
nap Gen Fin 33.15
5 32.10
0 -3.17
offic
cer.
Axis Bank
s 1000.80
0 971.00
0 -2.98 • JSW Steel h had redee emed fore eign curre ency
Sesa Goa
a 191.05
5 185.60
0 -2.85 conv
vertible bon (FCCBs) worth $274
nds 4mn (`1,573
3Cr).
With full payment, no equ
h uity dilution took place but
e
(BSE Mid-Cap)
E analysts said th interest c
he costs would go up.
Previous Currennt Change US markets
Com
mpany Name
e
Close(`
`) Price(`
`) (%)
Shre Global Trd
ee d 92.35 87.75 -4.98 US sto
ocks on Thu sed with mild losses a
ursday clos after
Edelweiss Capita
al 32.30 30.70 -4.95 recoup
ping most of the day y's slide in the final 30
n
Sobha Dev 351.20 336.50 -4.19 minute of trade.
es
JSW Ispat 10.63 10.26 -3.48 After falling as m
f many as 17 points, the Dow Jo
77 ones
Ruchi Soya 91.25 88.15 -3.40 Industr
rial Average ended off 24.75 poin
e f nts, or 0.2% at
%,
12,6022.26. The S& 500 inde declined 2.81 points, or
&P ex
0.2%, to 1,329.04 The Nasd
4. site shed 25.83
daq Compos
points, or 0.9%, to 2,849.49.
o
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 29
9-Jun 2-Jul
2 3-Jul 4-Jul
Ind
dia Forex Reserves Data
Bank Loan Growth
n
US Core Persoonal Markit Factory Orders PMI Index services
Consumpt tion Manufact
turing PMI (MoM)
Expenditu - Price
ure
Index (YoY & MoM)
Y
Personal Construct
tion
Consumpt tion Spending (MoM)
g
Expenditu - Price
ure
Index (YoY & MoM)
Y
Personal
Income(MoM);
Chicago Purchasing
Managers' Index &
Reuters/M
Michigan
Consumer Sentiment
r
Index
Glo
obal Euro Zone EU
e Germanyy's nsumer
UK's Con German PMI Index
ny x
Economic Summit & Purchasin Manager
ng r Credit services
s
European Council Index Manufacturing
g
Meeting
Japan Connstruction UK's Purc
chasing UK's M4 Money
Orders (Yo &
oY) Manager Index Supply (MoM) and
Housing S
Starts (YoY) Manufactturing (YoY)
KEYN
NOTE CAPITTALS LTD.
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by, or, ai 8
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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
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