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Daily Newsletter: 18th July, 2011

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Daily Newsletter: 18th July, 2011

  1. 1. July 18, 2011 Volume: 1 | Issue: 389| November 1, 2010 INDIAN MARKET 15-Jul 14-Jul % Change COMMENTARY BSE Sensex 18,562 18,618 (0.30) INDIA NSE Nifty 5,581 5,600 (0.33) After two positive sessions, the Indian markets ended with modest losses on Friday, extending the losing BSE Midcap 7,007 7,015 (0.11) streak to a second consecutive week. However, the NSE Nifty managed to close above the 100DMA for the BSE Smallcap 8,363 8,356 0.08 third straight day, indicating that there is still some steam left in the market. Metals, Auto, Realty and PSU Nifty Junior 11,390 11,390 (0.00) stocks were among the major laggards. Among the major gainers were IT, Power and Telecom stocks while the Mid-Cap and the Small-Cap indices were under some pressure. Shares of TCS rose over 2% to end at Rs CNX Midcap 8,175 8,168 0.08 1,148 after the IT major came out with positive Q1 results and the management exuded confidence for the company's business prospects going forward, notwithstanding headwinds confronting the key markets. Finally, the BSE Sensex ended at 18,562 slipping 56 points. It had earlier touched a day's high of 19,562 and a GLOBAL MARKETS 15-Jul 14-Jul % Change day's low of 18,513. The NSE Nifty closed at 5,581 losing 18 points. Dow Jones Ind (USA) 12,480 12,437 0.34 Nasdaq Composite(USA) 2,790 2,763 0.99 GLOBAL MARKETS S&P 500 (USA) 1,316 1,309 0.56 The US markets finished lower after Bernanke said the Fed is not prepared to take further action and amid FTSE 100 (UK) 5,844 5,847 (0.06) ongoing concerns about the US debt ceiling, erasing earlier gains fuelled by encouraging economic news as DAX (Germany) 7,220 7,215 0.08 well as strong earnings from JP Morgan. On economic data front, weekly jobless claims dropped 22,000 last Nikkei 225 (Tokyo) 9,975 9,936 0.39 week to a seasonally adjusted 405,000, the lowest level in almost three months and business inventories rose more than expected in May. Meanwhile, producer prices in June posted their biggest decline since Feb 2010. Hang Seng (Hong Kong) 21,875 21,940 (0.30) The Dow Jones Industrial Average ended in green for the last day of the week at 12,480 up by 0.34%. Nasdaq Shanghai Comp (China) 2,820 2,810 0.35 Composite gained 1% at 2,790. Standard & Poor's 500 inched up in green by half a percent ending at 1,316. KOSPI (South Korea) 2,145 2,131 0.68 STI (Singapore) 3,084 3,089 (0.15) Asian markets are trading mixed as Nikkei is shut on account of Marine Day; Hang Seng is up 0.12%, MSCI Emerging Market 437 438 (0.23) Shanghai is up 0.28%, Kospi is down 0.62% and Strait Times is down 0.20%. SGX Nifty is trading down 36 MSCI Frontier Market 539 540 (0.19) points at 5,555 indicating a weak start. BOND MARKETS 15-Jul 14-Jul Change 10yr G-Sec Yield 8.34 8.24 0.10 CORPORATE/ ECONOMY NEWS 1yr G-Sec Yield 8.23 8.25 (0.02) Tata Motors said on Friday that its group global wholesales, including Jaguar Land Rover, were 89,846 LIBOR (6m) 0.39 0.39 0.00 nos., in June 2011 compared to 90,702 nos., in June 2010. Cumulative sales for the fiscal are 264,488 LIBOR (1m) 0.16 0.16 0.00 higher by 7% compared to the corresponding period in 2010-11. Interbank Call rate 7.34 7.44 (0.10) Stationery company Camlin reported a 34% decline in its net profit to Rs 6.25 crore in the quarter ended June 30, 2011 as against the same period last fiscal. The company said it had a net profit of Rs 9.53 crore in the quarter ended June 30, 2010. BSE Turnover Rs Cr('000) Sensex 18800 3.0 After it's Rs 1-lakh wonder car 'Nano', Tata Group is all set to launch a house for nearly Rs 32,000 aimed at rural market by the end of next year. 18700 2.5 18600 2.0 Reliance Industries has said its eastern offshore KG-D6 gas field development cost is much less than what Gujarat government company GSPC and state-owned ONGC are spending on projects in the 18500 1.5 vicinity of its KG basin find. 18400 1.0 18300 0.5 State-owned lending agency Power Finance Corp, which is mulling an entry into the banking space, may invite fresh bids for appointment of a consultant on the proposal, as only one company qualified 18200 0.0 during a previous tendering exercise. 11-Jul 12-Jul 13-Jul 14-Jul 15-Jul Future Ventures India Ltd (FVIL), Future Group's investment and business management arm, said it has acquired additional 5.14% stake in Indus-League Clothing Ltd (ILCL), a group firm for an undisclosed amount. NSE Turnover Rs Cr('000) Nifty 5640 14 Mumbai-based JB Chemicals & Pharmaceuticals Ltd (JBCPL) said it has completed a Rs 939 crore deal 5620 12 to sell its over-the-counter business in Russia and CIS countries to Johnson & Johnson arm Cilag GmbH 5600 10 International. The company has received nearly Rs 738 crore and an agreed portion of consideration in 5580 88.38 #DIV/0! an escrow account. 8 5560 6 The much-delayed share sale of state-run SAIL, expected to mop up Rs 6,000 crore at current market 5540 5520 4 price, will take another three months and may take place around Diwali, Steel Minister Beni Prasad 5500 2 Verma reported. 5480 0 Wipro's Rs 1,182 crore contract with Employees' State Insurance Corporation (ESIC) for IT services may 11-Jul 12-Jul 13-Jul 14-Jul 15-Jul be in troubled waters on account of technical problems with the government health insurer's internet portals that have caused inconvenience to users. .
  2. 2. July 18, 2011 Volume: 1 | Issue: 389| November 1, 2010 SECTOR 15-Jul 14-Jul % Change CORPORATE NEWS IT 5,857 5,835 0.37% IBM has announced that Manappuram Finance, India’s first listed and highest credit POWER 2,597 2,596 0.04% rated gold loan company, has engaged IBM in a 10 year multi-million dollar deal to TECk 3,571 3,570 0.02% transform its IT systems in support of its aggressive growth plan. The IT services deal will CG 13,740 13,738 0.01% also ensure Manappuram delivers superior customer service in a highly commoditized OIL&GAS 9,121 9,130 -0.10% market. HC 6,518 6,533 -0.22% Thomas Cook (India) Limited, the largest integrated travel and travel related financial CD 6,886 6,902 -0.23% services company in India, has signed a one-of-its kind agreement with TIRUN Travel BANKEX 12,847 12,879 -0.25% Marketing, to offer a unique online cruise training course certified by Royal Caribbean FMCG 4,039 4,056 -0.42% international. PSU 8,542 8,587 -0.53% REALTY 2,187 2,198 -0.54% Vestas has received a firm and unconditional order for a total capacity of 90 MW for AUTO 8,994 9,047 -0.59% projects in Brazil. The order comprises 10 units of the V90-3.0 MW and 30 units of the METAL 14,610 14,735 -0.85% V100-2.0 MW for the following wind power plants: São Pedro do Lago, Pedra Branca and Sete Gameleiras, all of them located in Bahia in Brazil. D B Realty reported that its Pimpri Chinchwad New Town Development Authority, Pune cancelled bidding process for development of a township project at Bhosari. Castrol India Ltd. said that the Company has, inter alia, decided to close a BSE Upper Circuit Breakers manufacturing plant located at Tondiarpet in Chennai in the state of Tamil Nadu. The Company Name 15-Jul 14-Jul % Change Tondiarpet plant is one the Company's oldest plants in India. It faced high landed cost of SKS Microfinance Ltd 523.6 476.0 10.00 base oil, leading to a steep increase in its manufacturing cost per litre over the past Arvind Intl 15.1 12.6 20.00 several months. This had adversely affected the production activities in the plant. CHARTERED LOGISTICS LTD. 33.3 30.3 9.90 NCL RESEARCH & FINANCIAL SERVICES LTD. 179.4 170.9 5.00 HT Media have reported 66.75% jump in net profit at Rs 52.81 crore for the quarter 0 AVT NATURAL PRODUCTS LTD. 345.8 314.4 10.00 ended March 30, 2011.For the same quarter of the previous financial year, the company's net profit was Rs 31.67 crore. The company's net sales for the three months period ended March 30, 2011 increased 19.99% at Rs 328.60 crore, compared to Rs 273.84 crore in the corresponding quarter of the prior fiscal. Venkys India Ltd, a leading producer of poultry products in the country, has decided to undertake expansion-cum-modernisation programme at an estimated cost of Rs 107 BSE Lower Circuit Breakers crore to augment poultry, poultry produce and animal health products' capacities. Company Name 15-Jul 14-Jul % Change Shelter Infra Projects Limited 58.0 61.0 (4.90) Net profit in the first quarter of Gujarat NRE Coke has increased 93% at Rs 38.66 crore Greycells Education Limited 36.4 38.3 (5.00) as against Rs 20.04 crore in the previous corresponding quarter.The total income for the BLUE COAST HOTELS & RESORTS LTD. 204.3 215.0 (5.00) quarter ended June 30, 2011 stood at Rs 436.15 crore. ENVAIR ELECTRODYNE LTD. 32.9 34.6 (4.90) More than four months after UK's BP agreed to buy stake in 23 oil and gas blocks of RAJ PACKAGING INDUSTRIES LTD. 23.2 24.4 (4.90) Reliance Industries for $7.2 billion, the Government may next week give unconditional approval for stake sale in only 21 blocks. In the thick of controversy surrounding the 2G spectrum allocation, Uninor, a joint venture between Unitech Wireless and Norway's Telenor, has approached Telecom Ministry seeking additional 1.8 MHz radio waves in eight circles, based on subscriber- linked criteria. Mobile commerce company Beam plans to invest Rs 500 crore for expansion of its business across India by March, 2012. COMMODITY 15-Jul 14-Jul % Change COMMODITY / CURRENCY NEWS Brent Crude Oil (USD/bbl) 117 116 0.86 (0.54) Brent Crude Oil ended up at $,117 per barrel. Gold closed flat at Rs 22,852 and silver Gold (Rs/10gm) 22,852 22,975 closed down by 1.9% at Rs 56,453. Silver (Rs/kg) 56,453 57,590 (1.97) CURRENCY 15-Jul 14-Jul % Change The Indian Rupee closed higher against the dollar at Rs 44.49 as the Indian equity INR / USD 44.51 44.49 0.04 benchmarks ended on a very positive note. USD / Euro 1.41 1.41 - Yen / USD 79.12 78.98 0.18
  3. 3. July 18, 2011 Volume: 1 | Issue: 389| November 1, 2010 FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS PRAJIND 74.1 75.1 1.28 The Iraqi government, Royal Dutch Shell, and Japan's Mitsubishi have reportedly RUCHISOYA 96.9 97.8 0.93 signed a major deal on July 12 at the Oil Ministry in Baghdad to develop the natural KFA 39.7 40.0 0.88 gas industry in southern Iraq, although the deal is still to be submitted to the cabinet MRPL 80.4 80.9 0.68 for final approval. BEML 589.0 593.0 0.68 DCHL 66.5 67.0 0.68 Indian Railways have carried 233.77mn tonnes of revenue earning freight traffic TATAMTRDVR 591.9 571.0 (3.53) during April-June 2011. The freight carried shows an increase of 15.42mn tonnes over the freight traffic of 218.35mn tonnes actually carried during the corresponding SUNTV 334.3 326.0 (2.48) period last year, registering an increase of 7.06%. During the month of June 2011, the PIRHEALTH 396.2 387.0 (2.32) revenue earning freight traffic carried by Indian Railways was 76.54mn tonnes. TATACHEM 382.0 373.4 (2.26) VIDEOIND 191.0 187.4 (1.88) Swedish home appliance maker Electrolux has reportedly acquired 52% stake in GESHIP 281.4 276.5 (1.74) Egypt’s appliance maker Olympic Group. According to reports, this would be the first foreign direct investment of this size to enter Egypt after the January 25 revolution. INSTITUTIONAL ACTIVITY (Rs Cr) 06-Jul 05-Jul YTD FII Cash Net 750 281 12,177 Rebekah Brooks, former editor of the now defunct News of the World, was today FII Stock Futures (278) (635) (5,582) arrested in connection with the phone-hacking scandal that has hit Rupert Murdoch's FII Index Futures 10 (158) 14,964 media empire hard over the last two weeks. Mutual Fund 172 95 3,372 Lehman Brothers Holdings Inc. (LEHMQ) won’t win creditors’ approval for its $65 billion plan to liquidate its assets in bankruptcy, hedge fund Centerbridge Capital VALUATIONS P/E P/B DIV YLD Partners LLC said in a court filing. BSE 19.6 3.4 1.4 NSE 19.9 3.5 1.1 BSE500 Mcap/GDP Ratio 0.57 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % TCS 1148.05 2.03 SKS Microfinance 523.6 10 Suraj Diamond 53.4 12.66 Mahindra & Mahindra 718.85 0.83 Amara Raja 250.35 5.59 Heritage Foods 217.1 11.25 RIL 873.3 0.74 Shree Global Trd 331.6 4.94 VST Inds 1188.15 8.62 Wipro 414.6 0.74 A2Z Maint & Engg 268.75 4.65 Gemini Comm 27.15 8.60 HDFC Bank 509 0.61 MOIL 364.9 3.97 Vindhya Tele 184 8.43 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % Tata Motors 1036.15 -2.61 Anant Raj Inds-$ 83.9 -6.05 Unisys Soft 94.2 -8.45 Sterlite Inds 163.05 -2.01 Shree Renuka Sug 71.25 -3 Modern India-$ 55 -8.33 ONGC 278.15 -1.94 Bajaj Holdings 750.3 -2.86 SV Electricals 47 -4.95 Cipla 324 -1.58 JM Financial-$ 22.4 -2.82 Ontrack Sys 26.15 -4.74 Tata Power 1258.05 -1.33 Glodyne Tech 310.95 -2.77 Manali Petro 13.96 -4.64 BULK DEALS SCRIP NAME CLIENT NAME TYPE QTY % PRICE NSE MindTree Limited Coffee Day Resorts Pvt Ltd BUY 5.68% 428.0 MindTree Limited Ashok Soota SELL 5.50% 428.0 Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 0.55% 307.6 Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 0.86% 62.9 Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9 BSE Aarey Drugs Thakorlal Atma Ram Modi BUY 1.23% 21.5 ACROPET TEC Oudh Finance & Investment BUY 0.80% 17.0 Zenu Infotech Anuradha Pankaj Dhoot SELL 2.25% 38.0 Tata Coffee A K G Securities And Consultancy Ltd BUY 0.66% 882.2 RCL FOODS Span Stock Broking SELL 0.65% 54.1

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