1.
India Morning Note
a g
Frida May 25, 2012
ay,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me May 23 May 24 Change (%)
) • India
an markets rose 1.7
s 7% yesterd day, its bi iggest
Sensex 15,948.10 16,222.30 1.72% perccentage gain in nearly two month after a steep
y hs,
CNX Nifty
X 4,835.65 4,921.40 1.77% hike in petrol prices booste oil stock such as O
ed ks ONGC,
BSE Mid-cap 5,830.22 5,874.78 0.76% IOCL by kindling hopes of similar hik
L kes in other fuels
r
BSE IT 5,480.05 5,525.98 0.84% such as diesel. Investors are expe
h ecting that the
t
BSE Banks 10,618.09 10,865.64 2.33% goveernment m may be ge etting more serious about
e
tackkling its fuel subsidies, a big cause of its bl
, loated
FII A
Activity (`Cr)
fisca deficit.
al
Date
e Buy Sell Net
• Euro
opean stock and US in
ks ndex future also rose after
es e
23-M
May 1,533 1,853 -320
Hew
wlett-Packard
d, the w world's biggest per rsonal
22-M
May 1,604 1,822 -218
computer make unveiled Q2 results that beat analyst
er t
Tota May
al 32,483 33,410 -928 expe
ectations.
2012 YTD 268,861 226,328 42534
• Oil marketing companies r
m rose as conc
cerns about their
t
MF A
Activity (`Cr) subssidy sharin ng burden eased on reports an
n
Date
e Buy Sell Net Emp powered Gr roup of Min nisters (EGoM) will discuss
23-M
May 331 237 94 raising diesel aand liquified petroleum gas prices at a
d m s
22-M
May 276 293 -17 mee eting on Frid
day.
Tota May
al 6,382 6,458 -77 • Tyre shares rose across t
e the board as rubber prices
2012 YTD 51,376 57,553 -6177 have tumbled. J Tyres & Industries, Apollo Tyres MRF
e JK A s,
Volu
ume & Adva
ances / Dec
clines and CEAT rose by between 1.64% to 2.28%. Bharti
e t
Airte surged 5.62% as the company announced that
el y d
NSE BSE
they have signe an agree
y ed ement to ac cquire an interest
Trad
ding Volume (Cr) 52.44 20.25
in Qualcomm As Pacific's (Qualcomm AP) Indian BWA
sia m n
Turn
nover (`Cr) 9,052 1,946 entit
ties.
Advances 914 1,544
• Mark
ket breadth was strong at ~1.3
h 35x as inve estors
Declines 524 1,140
boug large ca stocks. O provisional basis, FIIs sold
ght ap On
Unchanged 81 126
equity of `1.055bn while d
domestic ins
stitutions b
bought
Tota
al 1,519 2,810
equity of `1.30b in cash segment.
bn
Glob Markets
bal
• Asia markets dropped to rsing from early
oday, rever
Inde
ex Late Values
est Change (%)
) gains, with th he volatile action mirroring inv
vestor
DJIA
A 12,529.75 0.27% unceertainty ove the Europ and China
er pe a.
NAS
SDAQ 2,839.38 -0.38%
• India markets to open low today, fo
an wer ollowing the cues
e
Nikk *
kei 8,563.65 0.00%
from the Asian markets and uncer
m n rtainties crreated
Hang Seng * 18,597.40 -0.37% after speculatio of roll ba of petrol price hike.
r ons ack .
* as o 8.25AM IST
of
Econom and Cor
mic rporate Dev
velopments
s
Curr
rencies / Co
ommodities Snapshot
s
Latest Previous • The governme ent has increased interest rate on
es
Quote Close Speccial Deposit Scheme (SDS) and State Prov
t vident
Indian Rupee per $ 55.55 55.98 Fund for the year 201
ds 12-13 to 8.8% from 8.6%
8
Indian Rupee per € 69.65 70.46 curre
ently.
NYM
MEX Crude Oil($/bbl) 90.42 90.66 • A goovernment c committee headed by Finance Mi inister
Gold ($/oz)
d 1,557.40 1,557.30 Prannab Mukher rjee will mmeet on Fr riday to discuss
Silve ($/oz)
er 27.94 28.14 etroleum ga and kerosene
raising diesel, liquified pe as
price a finance ministry o
es, e official said on Thursday
o y.
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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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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E
• Sun Pharmaceutical Indus stries on Thursday said it
Previous Currennt Change had received a approval fro the US Food and D
om Drug
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Admministration to sell its generic ver rsion of Ast
telin,
Tech Mahindra
h 611.90
0 665.50 8.76
used in treating nasal allergies. The gen
d neric
Pant
taloon Retl 139.65
5 151.60 8.56
Azelastine HC CL nasal spray, is therapeutically
Auro
obindo Phar 107.70
0 115.35 7.10 equivalent to MMedpointe Pharm HLC's Astelin n nasal
ONG
GC 243.00
0 256.95 5.74 spra It has re
ay. eceived app proval for its product in the
s n
Bharti Airtel 281.95
5 297.80 5.62 strength of 0.1 per cent (137 mcg/spr ray).
(BSE Mid-Cap)
E • Glen
nmark Phar rmaceuticals is set to enter the final
Previous Currennt Change stag of clinica trials for its new drug, Revami
ge al ilast,
Com
mpany Name
e
Close(`
`) Price(`
`) (%) oss several countries this year. It is meant for
acro t
REI Agro 7.70 8.85 14.94 atment of inflammatory disorders like asthma and
trea y l
Pant
taloon Retl 139.65 151.60 8.56 rheu
umatoid ar rthritis. Gleenmark may soon s seek
Auro
obindo Phar 107.70 115.35 7.10 approval for Phase-III trials in the US, UK and Indi
s ia.
Pola
aris Fin Tec 104.15 110.95 6.53 • The railway bu usiness unit of Larson & Toubro Ltd,
t
Apollo Tyres 83.10 87.40 5.17 with an order b
h book of `1,7
700Cr, is loo
oking at var
rious
upco oming proje
ects for gro
owth, accordding to a se
enior
TOP LOSERS offic from the company.
cial e
(BSE A-Group)
E • NMDDC Limited the cou
d, untry’s larrgest iron ore
Previous Currennt Change prodducer, on T Thursday ssigned a memorandum of
m m
Com
mpany Name
e
Close(`
`) Price(`
`) (%) understanding with Rashtr riya Ispat Nigam (RINL for
N L)
Crom
mpton Greav
v 111.50
0 108.55
5 -2.65 alling a 336
insta 6-km slurry pipeline fro Jagdalpu to
om ur
Woc
ckhardt 808.60
0 787.40
0 -2.62 Visa
akhapatnam and for setting up a four-mi
m illion
Nati
ional Alum 59.05
5 57.60
0 -2.46 tonn capacity pellet plant at Visak
ne y khapatnam. The
Opto Circuits
o 172.45
5 168.25
5 -2.44 MoU was signe by NMDC chairman and managing
U ed C
Allahabad Bank 140.05
5 136.65
5 -2.43 director NK Nan nda and AP Choudhary chairman and
P y,
mannaging direcctor of RINL.
(BSE Mid-Cap)
E
• Bharti Airtel, th country’ largest mobile opera
he ’s m ator,
Previous Currennt Change
Com
mpany Name
e on Thursday an
T nnounced th acquisitio of 49% s
he on stake
Close(`
`) Price(`
`) (%)
Allca
argo Logistics
s 117.50 111.15 -5.40 in US telecom major Qu
U m ualcomm Innc’s broadb band
D B CORP 203.85 196.00 -3.85 wire
eless access (BWA) com
s mpany in India for an in
nitial
Fres
senius Kabi 143.30 138.25 -3.52 inve
estment of $ $165mn (`907Cr).
KSK Energy
K 59.50 57.65 -3.11 US markets
S Mo
obility 50.65 49.25 -2.76
US stocks rose deespite the slowing mannufacturing data
in the US, after investor senntiment boo
osted on Itaalian
Prime Minister Maario Monti's statement that a majority
ders at a E
of lead European U Union summ backed joint
mit
Europeean bonds.
The Dow Jones Industrial A
D Average ennded up 33.60
points, or 0.3%, to 12,529 9.75. The S&P 500 In
S ndex
ended up 1.82 p points, or 00.1%, at 1,320.68, led by
d
consummer-staples stocks. The Nasdaq Composite In
e C ndex
droppe 10.74 points, or 0.4% to 2,839.
ed %, .38.
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 25/
/May 28
8/May 29/May 30/May
3
Ind
dia Forex Reserves Data
Bank Loan Growth
n
US Reuters/ M
Michigan Consumer
Consumer Sentiment
r Confiden
nce
Index (May)
Glo
obal Germany's Gfk Japan UK's Nat
tionwide UK Consumer Cred
dit
Consumerr Unemployment rate Housing Prices n.s.a
a oney supply
and mo
Confidenc Survey
ce (YoY) an (MoM)
nd
Japan Household Germany y's UK Consmer
spending Consumer Price confidence
Index (M
MoM) and
(YoY)
Japan retail trade
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NOTE CAPITTALS LTD.
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ess All cal ains to the im
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