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Daily Newsletter: 15th March, 2011

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Daily Newsletter: 15th March, 2011

  1. 1. March 15, 2011 Volume: 1 | Issue: 389| November 1, 2010 INDIAN MARKET 14-Mar 11-Mar % Change COMMENTARY BSE Sensex 18,494 18,174 1.76 INDIA NSE Nifty 5,532 5,445 1.58 BSE Midcap 6,562 6,529 0.49 The Indian markets started off a new trading week on a positive note, as bulls put up a stellar show despite BSE Smallcap 7,920 7,900 0.26 nagging concerns on inflation and its impact on monetary policy. Yesterday’s strong rally in India was Nifty Junior 10,773 10,693 0.75 witnessed despite a 6% cut in Japan’s Nikkei index following the deadly earthquake and tsunami that rattled the nation on March 11. Yesday’s run-up was led by Oil & Gas and Metal shares, followed by CNX Midcap 7,654 7,606 0.63 IT, Banking and Power stocks. All the BSE sectoral indices closed in the positive territory now. The frontline stocks clearly outperformed their smaller peers today but the market breadth was still positive. The BSE Sensex gained 282 points to end at 18,456 and the NSE Nifty gained 86 points to close at 5,532. GLOBAL MARKETS 14-Mar 11-Mar % Change Dow Jones Ind (USA) 11,993 12,044 (0.43) Nasdaq Composite(USA) 2,701 2,716 (0.54) GLOBAL MARKETS S&P 500 (USA) 1,296 1,304 (0.63) FTSE 100 (UK) 5,775 5,829 (0.92) In Asia, the Nikkei stock average in Japan plunged by 6.18% following the deadly earthquake and Tsunami DAX (Germany) 6,866 6,981 (1.65) of March 11 even as fears of a possible nuclear disaster loomed large. But other Asian markets managed to Nikkei 225 (Tokyo) 9,621 10,254 (6.18) escape a sharp selloff, with markets in China and Hong Kong actually rising. Hang Seng (Hong Kong) 23,346 23,250 0.41 U.S. stocks came off session lows but finished in the red Monday, after Japan's leading stock index plunged Shanghai Comp (China) 2,939 2,936 0.10 in reaction to last week's massive earthquake and tsunami.The Dow Jones industrial average closed down KOSPI (South Korea) 1,971 1,956 0.77 51 points points, or 0.4%.S&P 500 (SPX) fell 8 points, or 0.63%. STI (Singapore) 3,036 3,044 (0.26) MSCI Emerging Market 432 422 2.44 Asian markets have opened on a negative note Nikkei is down another 6% and Hang Seng is down by MSCI Frontier Market 567 565 0.39 1.30%. BOND MARKETS 14-Mar 11-Mar Change CORPORATE/ ECONOMY NEWS 10yr G-Sec Yield 8.09 8.04 0.05 India's annual inflation, as measured by the wholesale price index (WPI), rose marginally in February as 1yr G-Sec Yield 7.58 7.76 (0.18) against expectations of a fall below the 8% mark, data released by the Government showed on LIBOR (6m) 0.46 0.46 0.00 Monday.Annual, point-to-point inflation for February 2011 increased to 8.31% from 8.23% in January. LIBOR (1m) 0.27 0.27 0.00 Interbank Call rate 6.9 6.8 0.07 Nippon Life would invest US$ 680mn or Rs. 30.62bn in Reliance Life Insurance, valuing the company at US$ 2.6bn. NHPC Ltd has signed an agreement with Mangdechhu Hydroelectric Project Authority, an Authority set BSE Turnover Rs Cr('000) Sensex up by Royal Govt. of Bhutan, for providing engineering & design consultancy services for Mangdechhu 18600 4.5 Hydroelectric Project (720 MW) in Bhutan. 4.0 18500 3.5 State-run Steel Authority of India on Monday said it is continuing a joint feasibility study with Japan's 18400 3.0 Kobe Steel for a steel plant and a 1,000 megawatt gas-based power plant in north India.The steel plant at 2.5 Jagdishpur in Uttar Pradesh will involve investment of about Rs 10,000 crore ($2.2 billion). 18300 2.0 18200 1.5 1.0 TPG and Shriram Group yesterday announced that they have closed the transactions to acquire the 18100 wholesale & franchise and the retail undertaking of Vishal Retail, respectively. 0.5 18000 0.0 8-Mar 9-Mar 10-Mar 11-Mar 14-Mar Educomp's information and communication technology (ICT) Division Edureach has added 540 government schools to their existing portfolio of 10,550 schools under ICT implementation across India. Industrialist Naveen Jindal led Jindal Steel and Power (JSPL) yesterday said it will start iron ore exports from Bolivia's El Mutun mines in next 2-3 months. NSE Turnover Rs Cr('000) Nifty 5540 14 PTC India Financial Services has fixed the price band for its initial public offering at Rs 26 - 28 per 5520 12 share, which would fetch the company nearly Rs 439 crore. 5500 10 5480 88.38 #DIV/0! 8 The Shashi Ruia-led Essar Steel is betting big on retail sales of its steel products and plans to ramp-up its 5460 6 Hypermart outlets to 650 by FY12. 5440 4 The National Highways Authority of India (NHAI) has forfeited Patel Engineering's security deposit of 5420 2 about Rs 13 crore after the construction firm withdrew from a project citing an error in its own 5400 0 estimation, a top official said on Monday. 8-Mar 9-Mar 10-Mar 11-Mar 14-Mar `
  2. 2. March 15, 2011 Volume: 1 | Issue: 389| November 1, 2010 SECTOR 14-Mar 11-Mar % Change CORPORATE NEWS Oil&Gas 9,937 9,719 2.24 The retail arm of Aditya Birla Group plans to open as many as 130 supermarkets and a Metal 15,676 15,368 2.01 dozen hypermarkets in the year starting in April, expanding in a fast-growing retail sector dominated by mom-and-pop operators. It 6,241 6,150 1.48 Bankex 12,358 12,193 1.36 Global miner Rio Tinto inched closer to gaining control of coal producer Riversdale Power 2,587 2,554 1.27 Mining after a $3.9 billion sweetened bid rallied more shareholders to accept the offer Teck 3,643 3,598 1.26 but Riversdale's top shareholders Tata Steel and CSN still hold the key. Cd 5,785 5,715 1.22 Psu 8,595 8,516 0.93 Diamond Power Infrastructure said on Monday it received several orders to supply Realty 2,120 2,104 0.78 400 KV high voltage direct current line conductors from different firms.It has won two Hc 5,858 5,814 0.76 orders to supply conductors from Power Grid Corporation and Gayatri Projects,. Cg 12,647 12,559 0.70 Public sector undertaking, Power Finance Corporation (PFC), plans to raise Rs 5,300 Auto 8,828 8,768 0.69 crore from infrastructure bonds that opened on February 24. Fmcg 3,516 3,492 0.69 Mahindra & Mahindra's IT arm Mahindra Satyam plans to double its Middle East workforce in the next two years as part of a $24 million (87.8 million dirhams) global branding push. Telecom major Bharti Airtel has announced the launch of its 'airtel broadband BSE Upper Circuit Breakers TV', which will allow its broadband users to watch live TV on their computers for a Company Name 14-Mar 11-Mar % Change monthly rental of Rs 99. Vishal Retail 37.6 31.3 20.00 Fortis Healthcare (India) and TotipotentRX Cell Therapy has announced a Gandhimathi 148.5 135.0 10.00 collaboration to set up centres of excellence offering cellular therapies and stem cell Kinetic Engineers 131.0 119.1 10.00 clinical trials across Fortis hospitals. Subuthi Finance 259.6 236.0 10.00 0 Vertex Securities 159.7 152.1 5.00 ONGC Videsh, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has lost bid to buy US energy major Exxon Mobil's 25% stake in a deep-sea oil block in Angola. Financial software testing provider Thinksoft has opened its sales and delivery centre in Mumbai as part of expanding its operations in the country. BSE Lower Circuit Breakers Sun TV Network Ltd announces hike in Advertisement rates of Malayalam and Company Name 14-Mar 11-Mar % Change Kannada Channels from April 01, 2011.The company has announced hike in its Nirav Commercials 331.3 368.0 (10.00) Malayalam channels ranging from 6% to 33% and also in the Kannada channels ranginf Enrich Industries 28.1 31.2 (10.00) from 5% to 13% both effective from 1st April, 2011. EPC Industries 110.3 116.1 (5.00) TAK Machinery 257.0 270.5 (5.00) Hotel Leelaventure said that it is in talks with four private equity players to sell 14.9% TCI Finance 74.8 78.7 (5.00) equity in order to raise Rs 600 crore. State-owned Oil and Natural Gas Corporation (ONGC) said that it has made a significant gas discovery in Tripura but did not give reserves the latest find may contain. Market regulator Securities and Exchange Board of India (Sebi) has sought clarifications on the $1.22-billion (more than Rs 5,400 crore) takeover of India's sixth largest IT firm Patni Computer by US-based iGate, which is awaiting regulatory nod for about two months. COMMODITY 14-Mar 11-Mar % Change COMMODITY / CURRENCY NEWS Crude Oil (USD/bbl) 100.3 101.2 (0.83) Gold (Rs/10gm) 21,000.0 20,959.0 0.20 Silver (Rs/kg) 53,980.0 54,022.0 (0.08) Light Sweet Crude Oil on Monday lost 0.83% closing at $100.3 per barrel. Gold closed marginally higher by 0.20% at Rs 21,000 and silver closed lower by 0.80% at Rs 53.980. CURRENCY 14-Mar 11-Mar % Change The Indian Rupee closed higher against the dollar at Rs 4506 as the Indian equity INR / USD 45.06 45.24 (0.40) benchmarks ended on positive note. USD / Euro 1.39 1.37 1.46 Yen / USD 81.96 82.17 (0.26)
  3. 3. March 15, 2011 Volume: 1 | Issue: 389| November 1, 2010 FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS ROLTA 138.6 141.3 1.91 US-based General Electric yesterday said it would invest about $200 million for EKC 74.5 75.4 1.21 setting up a infrastructure equipment manufacturing facility in India and would ISPATIND 22.0 22.3 1.14 recruit over 3,000 people for the same this year. STRTECH 47.8 48.3 1.05 GMRINFRA 39.1 39.5 1.02 India's tyre exports grew by over 17% year-on-year to 29.19 lakh units during April- GTL 416.4 420.6 1.01 September 2010, Parliament was informed yesterday.During April-September NATIONALUM 476.1 446.7 (6.19) 2009, the country exported 24.81 lakh units tyres, Minister of State for Commerce and Industry Jyotiraditya Scindia said in a written reply to Lok Sabha. PIRHEALTH 466.4 452.2 (3.06) COREPROTEC 315.5 306.9 (2.73) Japanese auto major Honda yesterday said it has postponed the preview of its small ACC 1010.0 989.7 (2.01) car Brio in India, originally scheduled for March 17, due to the devastating earthquake ABB 745.8 735.8 (1.34) and tsunami that hit Japan last week. DRREDDY 1597.4 1,585.9 (0.72) India's power output rose an annual 6.78% in February due to coal and gas shortages INSTITUTIONAL ACTIVITY (Rs Cr) 07-Mar 04-Mar YTD at some plants, according to a report.Central Electricity Authority has reportedly said FII Cash Net 3 626 (6,516) that Electricity generation last month was 65.47 gigawatts (GWs), down from 71.42 FII Stock Futures (517) (294) 5,686 GWs in January 2011. FII Index Futures (1,623) (34) (3,978) Coal-based power generation grew by 5.83% in February from a year ago, says report. Mutual Fund (243) (4) 2,265 Berkshire Hathaway, a company promoted by billionaire investor Warren Buffet said yesterday that it would pay US$135 per share in cash for acquiring Lubrizol. VALUATIONS P/E P/B DIV YLD BSE 20.0 3.5 1.1 NSE 21.2 3.5 1.1 BSE500 Mcap/GDP Ratio 0.59 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % Reliance Comm 100.5 4.36 Atlas Copco-$ 2528.1 14.56 Hitachi Home 204.55 14.88 Tata Power 1248.9 3.72 MRF 6503.2 6.89 Atlanta 81.25 12.46 Reliance Infra 625.7 3.48 Kirloskar Oil Engines 147 6.44 Federal Mogul 172.6 11.57 Tata Steel 601.1 3.27 Jet Air India 469.95 6.2 Bhansali Engr-$ 37 10.61 Jaiprakash Asso 84.2 2.68 Gujarat Fluo 320.85 5.61 Shrenuj 51.4 9.25 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % Bharti Airtel 321.6 -0.4 Shree Global Trd 199.2 -12.59 Ushdev Intl 334.2 -19.12 Hindustan Unilever 277.5 -0.16 KGN Inds 143.5 -5 Entegra 26.85 -7.25 ONGC 280.9 -0.14 Wockhardt 332.95 -4.1 Shilpa Medicare 261.85 -7 Hero Honda 1531.2 -0.06 INDIAN MET 554 -3.57 Zenith Info 155 -5.63 Gujarat State Fert 353.9 -3.36 Shristi Infra 153.75 -5.09 BULK DEALS SCRIPT NAME CLIENT NAME TYPE QTY % PRICE NSE Nu Tek India Trans Financial Resources Ltd BUY 3.23% 17.6 Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 2.45% 47.6 SUDAR GARM Crosseas Capital Services Pvt. Ltd. SELL 2.30% 119.5 Tata Coffee A K G Securities And Consultancy SELL 1.23% 890.0 Fiem Industries Fiem Industries Limited SELL 2.57% 176.0 BSE Birla Shloka Philipa John Dmello SELL 1.28% 15.7 Kalindi Rail Deepak Popatlal Vora BUY 0.65% 126.5 Marico Oppenheimer International Value Fd BUY 3.35% 114.0 Dhanus Tech Grantview Properties SELL 2.30% 11.4 Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0

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