1.
India Morning Note
a g
Mond
day, May 28 2012
8,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
Nam of Index
me May 24 May 25 Change (%)
) • India markets closed flat on Friday after the ma
an a arkets
Sensex 16,222.30 16,217.82 -0.03% was flooded with the speculat
e tions that the
CNX Nifty
X 4,921.40 4,920.40 -0.02% goveernment ma roll back the recent petrol price hike.
ay e
BSE Mid-cap 5,874.78 5,900.51 0.44% The markets op pened caut tious, after weakness i the
in
BSE IT 5,525.98 5,523.09 -0.05% Asian markets in the mo orning traddes. The Sensex
BSE Banks 10,865.64 10,899.21 0.31% close flat 4.48 points dow or 0.03%, to 16,21
ed 8 wn, 17.82,
FII A
Activity (`Cr) as th investors stayed aw
he s way from buying the inddustry
heav weights ahead of th nationwide protest called
vy he
Date
e Buy Sell Net
by opposition parties on 31 May. 18 stocks out of 30
o 1st 8
24-M
May 1,632 1,680 -48
Senssex componnents made positive clo ose.
23-M
May 1,533 1,853 -320
Tota May
al 34,114 35,090 -976 • Investors were also keepin close eye on meet
ng es ting in
2012 YTD 270,492 228,008 42486 whic a commit
ch ttee of minis
sters under Finance mi
inistry
was planning t take decisions on diesel, LPG and
to G
MF A
Activity (`Cr)
Kero
osene price hike.
Date
e Buy Sell Net
• India markets are 6.4% down so fa in May, a the
an ar as
23-M
May 331 237 94
Gree and the euro zone w
ek ears about policy
woes and fe
22-M
May 276 293 -17
para
alysis and fiscal challenges at home hav hit
ve
Tota May
al 6,382 6,458 -77
markets and se the rupe to a strin of record lows
ent ee ng d
2012 YTD 51,376 57,553 -6177
against the dollar.
Volu
ume & Adva
ances / Dec
clines
• Meta stocks sharply up during the day, taking the
al
NSE BSE cues from the E
s European mmarkets and stabilizing gglobal
Trad
ding Volume (Cr) 49.82 17.85 commodity pri ices. steel companies also ros se on
Turn
nover (`Cr) 8,121 1,794 specculation the governmen would me with the on
nt eet em
Advances 844 1,477 June 1 to discu
e uss an increease in long steel prod
g ducts.
Declines 601 1,242 Vola
atile rupee k
kept IT secto flat while oil & gas s
or e stocks
Unchanged 85 117 traded flat on account of po
olicy dilemm
ma.
Tota
al 1,530 2,836
• Mark
ket breadth was strong at ~1.1
h 19x as inve estors
Glob Markets
bal boug large ca stocks. O provisional basis, FIIs sold
ght ap On
Inde
ex Late Values
est Change (%)
) equity of `6.233bn while d
domestic ins
stitutions b
bought
DJIA
A 12,454.83 -0.60% equity of `4.34b in cash segment.
bn
NAS
SDAQ 2,837.53 -0.07% • Asian markets dropped after a positive openin ng, as
Nikk *
kei 8,579.03 -0.02% autious over Greek dev
investors are ca velopments. Most
.
Hang Seng * 18,741.47 0.15% of the Asian m markets ar trading flat to neg
re gative
* as o 8.25AM IST
of biased.
Curr
rencies / Co
ommodities Snapshot
s • We expect a fla opening fo the Indian markets t
e at or today,
Latest Previous as th signs from the Asia are directionless.
he
Quote Close
Indian Rupee per $ 55.37 55.55 Econom and Cor
mic rporate Dev
velopments
s
Indian Rupee per € 69.73 69.65 • Unio Finance Minister Pr
on ranab Mukhherjee today said
y
NYM
MEX Crude Oil($/bbl) 91.75 90.86 the share of diirect tax in the overall tax baske has
et
Gold ($/oz)
d 1,575.00 1,568.90 eased considerably an would re
incre nd each 12% o the
of
Silve ($/oz)
er 28.62 28.37 counntry's GDP s
soon.
Keyn
note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
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als h
Bloo
omberg KNTE <GO>, Tho
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E
• Stuc with $4.2 a million B
ck 2 British therm units (m
mal mBtu)
Previous Currennt Change
Com
mpany Name
e price for its nattural gas till 2014, Reliance Industries
Close(`
`) Price(`
`) (%)
Volt
tas 90.60
0 101.45 11.98 has sought fro om the gov vernment an import-parity
a
Adani Enter 242.45
5 259.35 6.97 price for sale o gas from its D6 field in the Krishna-
of
JUBL FOOD
L 1171.75
5 1240.75 5.89 Goddavari basin (KG-D6).
IB R
Real Est 51.15
5 53.20 4.01 • Tata Steel a
a and NMDC C, in 201 10, signed a
d
mem morandum of understanding (Mo oU) to exammine
Cum
mmins India 410.95
5 427.30 3.98
settting up of joint alliances in mines and steel pla
s a ants.
(BSE Mid-Cap)
E Howwever, two y years later, and after several roun of
s nd
Previous Currennt Change talks to set up a steel pla
p ant, the two have dec
o cided
Com
mpany Name
e
Close(`
`) Price(`
`) (%) otheerwise.
Volt
tas 90.60 101.45 11.98 • Hote Leelaventure said it has fully redeemed
el f
Edelweiss Capita
al 27.45 30.40 10.75 outsstanding bo onds for $41 1.6mn that were issue in
ed
JUBL FOOD
L 1171.75 1240.75 5.89 2007 and were listed on the Singa
n apore Exchaange
Schn
neider Elec 83.30 87.75 5.34 Secu urities Trading Ltd.
Shre Global Trd
ee d 94.80 99.50 4.96 • The railway bu usiness unit of Larson & Toubro Ltd,
t
with an order b
h book of `1,7700Cr, is loo
oking at var
rious
TOP LOSERS upco oming proje ects for gro
owth, accord ding to a se
enior
offic from the company.
cial e
(BSE A-Group)
E
• VA Tech Waba Limited, a water an waste w
ag nd water
Previous Currennt Change man nagement company, is looking at opportunitie to
o es
Com
mpany Name
e
Close(`
`) Price(`
`) (%) acqu uire technology compa anies abroad d.
M&M Fin
M 635.00
0 615.05
5 -3.14
• The board of Videocon Industrie
n es decided to
d
WEL
LCORP 122.75
5 119.20
0 -2.89
dem
merge its oil and gas bu
usiness. It has, in-princ
h ciple,
Jinda Steel
al 468.60
0 456.45
5 -2.59
agre
eed to the appointment of variou agencies for
us s
Maruti Suzuki 1145.20
0 1117.05
5 -2.46
working out detailed alternative schemes for
Crom
mpton Greav
v 108.55
5 106.05
5 -2.30
ocking the s
unlo shareholders value.
s’
(BSE Mid-Cap)
E US markets
Previous Currennt Change
Com
mpany Name
e
Close(`
`) Price(`
`) (%) U.S. stocks fell Fri
iday, as inv
vestors worr
ried about s
signs
S Mo
obility 49.50 45.75 -7.58 ress in Spai where le
of distr in, ender Bankia SA readie to
ed
Himadri Chem 29.25 28.25 -3.42 become the biggest bank to be re escued by the
M&M Fin
M 635.00 615.05 -3.14 governnment in Spain's history y.
Radico Khaitan 124.55 120.80 -3.01
3M I
India 3640.85 3532.10 -2.99 The Do Jones In
ow ndustrial Average fell 74.92 points or
7 s,
0.6%, to 12,454.8 The S&P 500 lost 2.86 points or
83. s,
0.2%, to 1,317.82 The Nasdaq Compo
2. osite shed 1.85
point, or 0.1%, to 2,837.53.
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 / Mon
nday Tuesday Wed
dnesday Thursday
Reg
gions 28/
/May 29
9/May 30/May 31/May
3
Ind
dia GDP (Q4)
Infrastructure
Output
US Consumeer GDP annualized (Q
Q1)
Confidence
Initial jo
obless Claim
ms
Glo
obal Japan UK's Nationwide UK Cons
sumer Credit Eurozon Consume
ne er
yment rate
Unemploy Housing PPrices n.s.a and mon
ney supply price index
(YoY) and (MoM)
d
Japan Hou
usehold Germany y's UK Conssmer
spending Consume Price
er confiden
nce
Index (MooM) and
(YoY)
Japan reta trade
ail
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
e e s m e o nt
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eport. The rep
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