1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Monday, March 02, 2012
Domestic Markets Snapshot Views on markets today
Name of Index Feb 29 Mar 02 Change (%) • The first day of March was quite bad for the market
Sensex 17,752.68 17,583.97 -0.95% with BSE Sensex falling 1% led by profit booking, even
CNX Nifty 5,385.20 5,339.75 -0.84% after yesterday's better than expected second tranche
of LTRO 529.5 billion euro by ECB. Tepid response for
BSE Mid-cap 6,386.82 6,353.15 -0.53%
ONGC auction was another reason that dampened the
BSE IT 6,161.06 6,116.68 -0.72%
sentiment, as the government could not manage to
BSE Banks 11,974.16 11,830.87 -1.20% meet its target after a decided floor price of Rs 290 a
FII Activity (`Cr) share. All sectoral indices barring healthcare ended
lower. The BSE Realty Index fell over 3%. Capital
Date Buy Sell Net
Goods, Bank, Oil & Gas, Auto and Metal indices were
29-Feb 3,679 3,029 651
down 0.9-1.6%. Shares of India's largest private sector
28-Feb 2,955 2,099 856 lender ICICI Bank fell 2.44% while rivals SBI was down
Total Feb 80,118 54,901 25,217 1% and HDFC Bank declined 0.7% while HDFC gained
2012 YTD 133,057 96,759 36,298 1%. Capital goods majors L&T and BHEL lost 2-3%
MF Activity (`Cr) after reports that both companies could not get
NTPC's supercritical boilers order worth `16000Cr.
Date Buy Sell Net India's manufacturing sector expansion slowed slightly
29-Feb 656 722 -66 in February from a month ago, although the pace of
28-Feb 686 578 108 growth remained healthy as new orders touched a 10-
Total Feb 14,939 17,111 -2,172 month high, a business survey showed on Thursday.
2012 YTD 25,360 29,387 -4,027 The HSBC manufacturing Purchasing Managers' Index
(PMI), compiled by Markit, eased to 56.6 in February
Volume & Advances / Declines from 57.5 in January, which was an eight-month high.
NSE BSE
• Market breadth was weak at ~0.80x as investors sold
Trading Volume (Cr) 86.78 28.84
large cap stocks. On provisional basis, FIIs and
Turnover (`Cr) 13,240 2,848 domestic institutions sold equity of `1.27Bn and
Advances 585 1,264 `0.1Bn.
Declines 894 1,580
• Asian shares rose Friday, with financials joining in
Unchanged 83 111 global stock gains for the sector, and Japanese
Total 1,562 2,955 exporters rose on account of relatively weak yen.
Global Markets • We expect a positive opening for the Indian markets,
Index Latest Values Change (%) as traders and investors may try to recover their
DJIA 12,980.30 0.22% losses over last few days following the uptick in the
Asian shares.
NASDAQ 2,988.97 0.74%
Nikkei * 9,751.37 0.45%
Hang Seng * 21,568.18 0.84% Economic and Corporate Developments
* as of 8.25AM IST • Unemployment rate in India has declined from 8.3% in
Currencies / Commodities Snapshot FY05 to 6.6% in FY10 despite global slowdown,
Latest Previous government said.
Quote Close
Indian Rupee per $ 49.17 49.21
Indian Rupee per € 65.44 65.54
NYMEX Crude Oil($/bbl) 108.63 108.84
Gold ($/oz) 1,721.00 1,722.00
Silver ($/oz) 35.39 35.66
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group)
• Wind turbine maker Suzlon Energy said its wholly-
Previous Current Change
Company Name owned subsidiary REpower Systems SE has arranged
Close(`) Price(`) (%)
Suzlon Energy 26.60 29.65 11.47 syndicated loan worth euro 750 million (over Rs
Wockhardt 484.20 517.80 6.94 4,900 crore).
Reliance Cap 404.05 426.40 5.53 • Canadian research firm Veritas has slammed realty
Dish TV India 54.35 57.00 4.88 major DLF Ltd, calling its accounting practices
“conflicting” and pointing at gaps in its business
Maruti Suzuki 1256.25 1314.55 4.64
model — charges the company termed “mischievous
(BSE Mid-Cap) and presumptive”. Earlier, Veritas Investment
Previous Current Change Research had come out with damaging reports on
Company Name
Close(`) Price(`) (%) other Indian firms, including Reliance Industries,
Suzlon Energy 26.60 29.65 11.47 Reliance Communications and Kingfisher Airlines.
Infotech Enter 147.80 162.30 9.81 • Oil and Natural Gas Corporation’s share auction fell
Fresenius Kabi 136.70 146.70 7.32 marginally short of full subscription today. Against
Essar Ports 63.25 67.80 7.19 427.77 million shares on offer, bids were received
Wockhardt 484.20 517.80 6.94 for 420 million, or 98.3 per cent. However, the
government raised Rs 12,766 crore, suggesting
TOP LOSERS some bids came above the floor price of Rs 290 a
share.
(BSE A-Group)
• Mahanagar Telephone Nigam (MTNL) said it has no
Previous Current Change plans to shut down its CDMA business, which has a
Company Name
Close(`) Price(`) (%) subscriber base of over one lakh in Delhi and 50,000
United Phos 155.35 141.90 -8.66
in Mumbai.
DLF 226.35 214.65 -5.17
• Zee TV has received the much-awaited landing
Jet Air India 307.35 293.80 -4.41
rights in China which will enable the media firm to
Gujarat Gas 426.40 408.60 -4.17
cater to audience in the mandarin country.
HDIL 114.35 109.70 -4.07
US markets
(BSE Mid-Cap)
Previous Current Change U.S. stocks closed higher Thursday, clinging to
Company Name
Close(`) Price(`) (%) advances as oil futures briefly topped $110 a barrel,
United Phos 155.35 141.90 -8.66 after data illustrated ongoing improvement on the jobs
Hexaware Tech 122.10 114.20 -6.47 front.
Shree Global Trd 142.45 135.35 -4.98
BGR Energy 368.35 350.35 -4.89 The Dow Jones Industrial Average added 28.23 points,
Jet Air India 307.35 293.80 -4.41 or 0.2%, to 12,980.30. The Nasdaq Composite rose
22.08 points, or 0.7%, to 2,988.97.
Keynote Capitals Institutional Research (research@keynotecapitals.net) (+9122-30266000)

3. K E Y N O T E
INSTIT UT IONAL R ES EAR C H
India and Global Economic Calendar
Countries / Friday Monday Tuesday Wednesday
Regions 2/Mar 5/Mar 6/Mar 7/Mar
India Forex Reserves Data
Weekly Supplement
of RBI
US Factory Orders Store Sales Consumer Credit
ISM Non- ADP employment
Manufacturing change
EU Economic Summit Germany Purchasing UK Sales monitor Germany IIP
Global Manager Index
Services
UK Halifax House UK Purchasing Eurozone GDP data Japan economic index
Prices (3M/YoY & Manager Index & GDP
MoM) Services
UK PMI Construction Eurozone Purchasing
Manager Index
Services
Euro Zone Producer Eurozone Investor
Price Index (YoY & Confidence
MoM)
Eurozone retail sales
EU Economic Summit Germany Purchasing UK Sales monitor Germany IIP
Manager Index
Services
UK Halifax House UK Purchasing Eurozone GDP data Japan economic index
Prices (3M/YoY & Manager Index & GDP
MoM) Services
UK PMI Construction Eurozone Purchasing
Manager Index
Services
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