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Daily Newsletter: 18th April, 2011

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Daily Newsletter: 18th April, 2011

  1. 1. April 18, 2011 Volume: 1 | Issue: 389| November 1, 2010 INDIAN MARKET 15-Apr 13-Apr % Change COMMENTARY BSE Sensex 19,387 19,697 (1.57) INDIA NSE Nifty 5,825 5,912 (1.47) The Indian market ended near day's low on friday after IT bellwether Infosys' quarterly results came in below BSE Midcap 7,209 7,224 (0.20) expectations as the stock plunged approx.10% post its results. The BSE IT index was down over 6% as other BSE Smallcap 8,806 8,824 (0.20) software stocks also fell sharply. Realty was the other big loser. The disappointment from Infosys was not Nifty Junior 11,606 11,619 (0.11) enough, and the market received another blow in the form of higher-than-expected inflation numbers for CNX Midcap 8,318 8,349 (0.37) March. This further dampened the sentiment on Dalal-Street. India's inflation rose in March to 8.98% as against February’s 8.13%. GLOBAL MARKETS 15-Apr 14-Apr % Change The BSE Sensex ended at 19,387 sliding 310 points. It had earlier touched high of 19,700 and low of 19,337. It opened at 19,670. While, the NSE Nifty fell by 96 points to close at 5,825. Dow Jones Ind (USA) 12,342 12,285 0.46 Nasdaq Composite(USA) 2,765 2,760 0.16 S&P 500 (USA) 1,320 1,315 0.39 GLOBAL MARKETS FTSE 100 (UK) 5,996 5,964 0.54 Encouraging economic indicators sent U.S. stocks higher to close the last trading day of the week in the DAX (Germany) 7,178 7,147 0.44 green. The investors again favored defensive stocks, which tend to do better in times of waning growth. Nikkei 225 (Tokyo) 9,592 9,654 (0.65) Utilities and healthcare were the S&P 500's top-performing sectors.The Dow Jones industrial average gained Hang Seng (Hong Kong) 24,008 24,014 (0.02) 56.68 points, or 0.46 percent to close at 12,341.83. The Standard & Poor's 500 Index rose 5.16 points, or 0.39 Shanghai Comp (China) 3,051 3,043 0.26 percent, to close at 1,319.68. The Nasdaq Composite Index added 4.43 points, or 0.16 percent, to KOSPI (South Korea) 2,141 2,141 (0.02) 2,764.65.The CBOE Volatility Index or VIX dropped 5.8 percent to close at 15.82, its lowest level since July 2007. STI (Singapore) 3,154 3,159 (0.16) MSCI Emerging Market 451 451 (0.05) Asian markets have opened up on mixed note as Hang Seng is up by 0.18% at 24,059, Nikkei is down by MSCI Frontier Market 570 571 (0.19) 0.53% at 9602.87, Singapore Strait Time Index is up by 0.20% at 3,164 and Kospi is down by 0.38% at 2132. BOND MARKETS 15-Apr 13-Apr Change CORPORATE/ ECONOMY NEWS 10yr G-Sec Yield 8.24 8.20 0.05 Tata Motors said its global sales in March increased by 1% to 1,10,785 units on robust demand for both 1yr G-Sec Yield 7.55 7.55 0.00 commercial and passenger vehicles, over the same month previous fiscal. LIBOR (6m) 0.46 0.46 0.00 LIBOR (1m) 0.24 0.24 0.00 Public sector lender Indian Bank said it is eyeing 24% growth in its total business to Rs 2,25,000 crore in Interbank Call rate 6.8 6.9 (0.03) the current fiscal, as it looks to expand aggressively by opening over 130 branches, including five overseas offices in 2011-12. Mastek Ltd has posted a net loss at consolidated level of Rs 7.12 crore for the third quarter ended March 31, 2011 as against a net profit of Rs 15.26 crore for the same period last year. The total income of the BSE Turnover Rs Cr('000) Sensex 19800 4.0 company declined 11% to Rs 153 crore as against Rs 172 crore for the corresponding quarter last year. 19700 3.5 Reliance Industries, the country's biggest company by market capitalisation, plans to expand its plans 19600 3.0 for mining for precious metals by acquiring state prospected areas in the diamondrich state of Madhya 19500 2.5 Pradesh. 19400 2.0 19300 1.5 The country's largest car maker Maruti Suzuki India is considering to set up a new plant, over and above 19200 1.0 the two new upcoming units in Manesar, as it aims to sell up to three million units every year by 2015-16. 19100 0.5 19000 0.0 Aditya Birla buys Kanoria unit for Rs 830 cr. The all-cash deal will increase Aditya Birla Chemicals’ market 7-Apr 8-Apr 11-Apr 13-Apr 15-Apr share in chlor alkali from 18 per cent to 22 per cent. Software Company Ramco Systems, part of $875 million Ramco Group has signed over 300 new Enterprise Resource Planning (ERP) clients in the aviation, aerospace and defence industries. 5950 NSE Turnover Rs Cr('000) Nifty 16 Shipping Corporation of India (SCI) has signed contracts for acquisition of two resale Supramax bulk 14 carriers with M/s Grand Yard Investments Ltd., China. 5900 12 5850 88.38 10 #DIV/0! GSM operators in the country have added 14.49 million new users in the month of March, taking the 8 total GSM subscriber base to 569.55 million, an industry body said. 5800 6 4 Abhijeet Power, the company which is part of the Nagpur-based metal and mining group, will soon file 5750 its draft red herring prospectus with market regulator Sebi. The company is looking to raise Rs 1,200- 2 5700 0 1,500 crore through a public issue. 7-Apr 8-Apr 11-Apr 13-Apr 15-Apr
  2. 2. April 18, 2011 Volume: 1 | Issue: 389| November 1, 2010 SECTOR 15-Apr 13-Apr % Change CORPORATE NEWS AUTO 9,439 9,428 0.12% Reliance Industrial Infrastructure reported a 20.22% dip in net profit for the quarter CG 13,979 13,966 0.10% ended March 31, 2011 to Rs 4.34 crore. CD 6,381 6,376 0.09% FMCG 3,714 3,719 -0.15% Shares of learning solutions provider Everonn Education Ltd jumped over 10% after it PSU 9,071 9,093 -0.25% signed a joint venture agreement with National Skill Development Corp. to provide HC 6,142 6,173 -0.50% vocational training to students across the country. OIL&GAS 10,032 10,086 -0.54% State-run NTPC floated a Rs 5,200 crore tender to source equipment for its METAL 16,335 16,441 -0.65% beleaguered Kawas and Gandhar expansion projects in Gujarat for which the company POWER 2,775 2,800 -0.87% is fighting a legal battle with Reliance Industries. BANKEX 13,383 13,511 -0.95% REALTY 2,410 2,440 -1.22% The Supreme Court directed Mahindra Satyam to make its presentation before the TECk 3,751 3,940 -4.78% Central Board of Direct Taxes (CBDT) relating to its tax dispute within two weeks, and IT 6,259 6,686 -6.40% also asked it to furnish a bank guarantee of Rs 617 crore by April 25. Indiabulls Real Estate Ltd said its promoter group companies have increased their stake to 25.57% in the firm by acquiring shares from the open market. Ahluwalia Contracts India has bagged orders worth Rs 535 crore from different vendors for construction related projects. BSE Upper Circuit Breakers Company Name 15-Apr 13-Apr % Change Aban offshore said it has redeemed Rs 349 crore of Japanese Yen denominated Kanoria Chem 41.2 34.3 20.00 foreign currency convertible bonds (FCCB) issued in April 2006. Biofil Chem 4.7 4.3 10.00 Sanguine Media 3.9 3.5 10.00 Pennar Industries' subsidiary Pennar Engineered Building Systems (PEBS) has bagged Gandhinagar Hot 85.2 81.1 5.00 the order for the first phase of construction of Pre-Engineered Steel Buildings from 0 Larsen and Toubro (L&T) for Chennai Metro Rail. Jhaveri Flexo 28.6 27.2 5.00 Muthoot Finance has raised about Rs 130crore from 11 cornerstone investors, the company said in exchange filings, ahead of the launch of its initial public offering to raise up to $203 million. Infrastructure Leasing & Financial Services (IL&FS) and Saudi Bin Laden Group BSE Lower Circuit Breakers (SBG) expects Rs 16,000-crore worth of orders for IL&FS Engineering by 2014, besides Company Name 15-Apr 13-Apr % Change planning to make it a world-class company. Bampsl Sec 3.6 4.0 (9.90) (5.00) Computer education company, Aptech, plans to expand aggressively in emerging Bala Tech Global 5.2 5.4 economies -- Latin America, South-East Asia, East Europe and Africa -- with a view to Oscar Global 3.9 4.1 (4.90) increase its revenue from international operations to more than half by end-FY 15. Blue Coast 181.8 191.3 (5.00) Anand Credit 6.7 7.1 (5.00) Drug maker Lupin said it is aiming to become one of the top five generic pharmaceutical companies in Japan in the next three years. The government has rejected the request of GMR Hyderabad Aviation SEZ Ltd to change the sector of Hyderabad SEZ from 'aviation' to 'multi product airport- based' saying the special enclave is not a part of the airport. State-owned Indian Overseas Bank (IOB) said it has raised $500 million (about Rs 2,250 crore) from overseas markets. COMMODITY 15-Apr 13-Apr % Change COMMODITY / CURRENCY NEWS Brent Crude Oil (USD/bbl) 124 122 1.42 Brent Crude Oil gained 1.42% and closed at $124 per barrel. Gold closed up by 0.51% at Rs Gold (Rs/10gm) 21,581 21,471 0.51 21,581 and silver closed up by 2.02 % at Rs 62,485. Silver (Rs/kg) 62,485 61,250 2.02 The Indian Rupee closed higher against the dollar at Rs 44.35 as the Indian equity CURRENCY 15-Apr 13-Apr % Change benchmarks ended on a negative note. INR / USD 44.35 44.50 (0.36) USD / Euro 1.45 1.45 (0.40) Yen / USD 83.26 84.10 (1.00)
  3. 3. April 18, 2011 Volume: 1 | Issue: 389| November 1, 2010 FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS ISPATIND 23.6 23.9 1.06 Iran's oil minister said there was no reason to consider global crude prices too high and BEML 725.1 732.6 1.04 described the oil market, which has been boosted by unrest in the Middle East, as "not KSOILS 34.4 34.8 1.02 extraordinary". MLL 44.6 45.0 1.01 PANTALOONR 277.3 280.0 0.96 The 2G spectrum court trial, the country's biggest corruption case, descended into HEXAWARE 70.3 71.0 0.92 bickering over the quality of photocopied witness testimonies and noisy ceiling fans as BAJAJHLDNG 758.2 765 0.90 five senior business executives fought to win bail in a packed courtroom. PATNI 475.0 436.0 (8.21) High prices of vegetables and manufactured items drove the headline inflation in March HEROHONDA 1841.0 1,759.9 (4.41) to 8.98%, way above the RBI's expectation of 8%. BHUSANSTL 520.0 506.0 (2.69) COREPROTEC 316.0 307.8 (2.59) US President Barack Obama has met with Emir Hamad bin Khalifa al-Thani of Qatar in SIEMENS 851.7 831.0 (2.42) his Oval Office here and discussed the current situation in Libya and the West Asia. INSTITUTIONAL ACTIVITY (Rs Cr) 11-Apr 8-Apr YTD China's turbo-charged growth eased just a touch in the first quarter, while its inflation FII Cash Net (475) 357 3,220 jumped to a 32-month high, putting pressure on the government to do more to rein in FII Stock Futures (436) (560) 2,298 prices and keep the economy on an even keel. China's central bank said that it would FII Index Futures (1,951) (788) 2,438 raise lenders' required reserves by 50 basis points, the fourth time this year. Mutual Fund 190 (78) 1,814 The United States tried to instill confidence that the global recovery was not at risk as global finance chiefs gathered to advance a plan to prevent future economic crises. VALUATIONS P/E P/B DIV YLD BSE 21.0 3.6 1.1 NSE 22.0 3.7 1.1 BSE500 Mcap/GDP Ratio 0.63 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % Hero Honda 1830.9 5.52 HATHWAY CAB 119.5 11.06 Uflex 184.75 13.4 Bharti Airtel 372.2 1.35 Fresenius Kabi 115.6 7.74 Timken India 207.0 12.4 Bajaj Auto 1412.0 1.06 HMT 67.1 6.85 C. Mahendra Exports 260.4 11.5 Jaiprakash Asso 99.1 0.92 Redington India 84.4 6.63 Gemini Comm 23.8 11.5 ITC 191.4 0.79 Himadri Chem 41.5 6.14 Balaji Tele 39.6 10.3 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % Infosys 2988.8 -9.59 Kwality Dairy 120.5 -14.14 Prraneta Inds 59.9 -10.6 Wipro 449.6 -5.04 Unichem Lab 192.1 -4.59 Banco Products-$ 78.1 -7.8 DLF 245.1 -2.43 Indiabulls Fin 163.9 -4.43 Atlanta 117.0 -6.6 ICICI Bank 1101.3 -2.37 Core Projects 317.0 -3.87 INFINITE 172.9 -6.3 Hindustan Unilever 275.8 -1.83 D B REALTY 110.2 -3.84 Kanani Inds 232.2 -5.7 BULK DEALS SCRIPT NAME CLIENT NAME TYPE QTY % PRICE NSE Development Credit Bank Limited Agrawal Bhagwan Das BUY 0.71% 58.8 Everonn Education Limited Crosseas Capital Services Pvt. Ltd. BUY 0.96% 661.3 Excel Infoways Limited Vandana D Shah BUY 1.22% 35.1 Glory Polyfilms Limited Planet Investments & Finance Pvt Ltd SELL 0.84% 3.9 ITI Ltd. Shri Vidyasagar Investment Arpit Patodi SELL 0.30% 37.7 Arcadia Merc Amrapali Capital And Finance Services Limited BUY 1.86% 54.2 Arman Fin Serv Snehalatha Singhi BUY 0.51% 24.3 Arvind Intl Bp Comtrade Pvt Ltd BUY 1.50% 13.1 Anand Credit Brijesh Ashokbhai Halari SELL 0.50% 6.7 Asahi Infra Indravarun Trade Impex Pvt Ltd SELL 1.06% 11.1

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