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Daily Newsletter: 19th January, 2011

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Daily Newsletter: 19th January, 2011

  1. 1. January 19, 2011 Volume: 1 | Issue: 389| November 1, 2010 INDIAN MARKET 18-Jan 17-Jan % Change COMMENTARY BSE Sensex 19,092 18,883 1.11 INDIA NSE Nifty 5,724 5,655 1.23 The relief rally continues on Dalal Street as the Indian market ended with smart gains for the second day BSE Midcap 7,155 7,123 0.45 running. The upswing was led by IT, Metals , Pharma, FMCG, Banking and Telecom stocks. even the BSE Smallcap 8,893 8,868 0.28 broader indices , which had been in doldrums lately, participated in Tuesday's rally. However, the BSE Oil & Nifty Junior 11,256 11,210 0.41 Gas index closed in the red.Market sentiment got a boost after index heavyweight TCS beat street CNX Midcap 8,157 8,136 0.26 estimates. In addition, Gail also delivered better than expected quarterly earnings. Stable Asian markets and strong start to the European markets also lifted the mood on Dalal Street.The BSE Sensex gained 210 points to close at 19,092 and the NSE Nifty rose 69 points to end at 5,724.On the broader market front, the BSE Midcap index ended at 7155, and the BSE Smallcap index ended at 8893. GLOBAL MARKETS 18-Jan 17-Jan % Change Dow Jones Ind (USA) 11,838 11,787 0.43 The market breadth was marginally positive. Out of 3001 stocks traded on the BSE, there were 1485 Nasdaq Composite(USA) 2,766 2,755 0.40 advancing stocks as against 1293 declines. S&P 500 (USA) 1,295 1,293 0.15 FTSE 100 (UK) 6,056 5,985 1.18 DAX (Germany) 7,136 7,078 0.82 GLOBAL MARKETS. Nikkei 225 (Tokyo) 10,519 10,503 0.15 U.S. stocks rose, extending a seven- week rally, as gains in commodity producers and a pledge by Hang Seng (Hong Kong) 24,153 24,157 (0.02) European finance chiefs to support the region overshadowed lower-than-estimated profit at Citigroup Inc. Shanghai Comp (China) 2,709 2,707 0.07 and Steve Jobs’s leave of absence at Apple Inc.The Standard & Poor’s 500 Index rose 0.15 percent to 1,295, its highest level since Aug. 28, 2008. TheDow Jones Industrial Average rose 0.43 percent, to 11,838 KOSPI (South Korea) 2,096 2,100 (0.16) and the Nasdaq Composite ended up by 0.40 %at 2,766. STI (Singapore) 3,250 3,239 0.34 MSCI Emerging Market 440 438 0.46 Asian markets have opened up on a lack luster note Nikkei is up 0.35% and Hang Seng has kicked off the MSCI Frontier Market 611 608 0.49 day in red. BOND MARKETS 18-Jan 17-Jan Change CORPORATE/ ECONOMY NEWS 10yr G-Sec Yield 8.20 8.22 (0.02) Jindal Group-owned Jindal Saw Ltd, a leading producer of Saw pipes, filed with the a release that stated 1yr G-Sec Yield 7.50 7.50 0.00 the company had bagged orders worth Rs 700 crore.The orders have been received for supply of large LIBOR (6m) 0.45 0.45 0.00 diameter pipes (Helical pipes) for the export markets in the Far Eastern region. LIBOR (1m) 0.26 0.26 0.00 Interbank Call rate 6.7 6.7 0.07 The government is likely to decide on the Rs 20,000 crore rights issue proposal of State Bank of India (SBI) in the next 4-5 days. Mid-cap banks are likely to report another strong quarter of healthy profits in Oct-Dec on robust BSE Turnover Rs Cr('000) Sensex credit growth, but stressed liquidity in a rising interest rate environment could obstruct growth 19600 4.5 going forward. 4.0 19400 3.5 Bajaj Finance posted a net profit of Rs 76.4 crore for the third quarter ended as comapred to the profit of 19200 3.0 Rs 27.3 crore in the same period a year ago. 2.5 19000 2.0 Mastek Ltd has posted a net loss at consolidated level of Rs 27.66 crore for the third quarter ended 18800 1.5 December 31, 2010 as against a net profit of Rs 23.54 crore for the same period last year. 1.0 18600 0.5 Indiabulls Real Estate has posted a net profit of Rs 76.61 crore for the third quarter ended December 18400 0.0 31, 2010 as against Rs 2.76 crore for the same period last year.Net sales of the company stood at Rs 399 12-Jan 13-Jan 14-Jan 17-Jan 18-Jan crore as against Rs 37.46 crore for the corresponding third quarter last year. Other income for the company dropped to Rs 18.18 crore for the given quarter as against Rs 48 crore last year. Tulip Telecom has acquired a data center facility in Bangaluru by purchasing 100 per cent shares of SADA NSE Turnover Rs Cr('000) Nifty IT Parks Private Ltd for Rs 230 crore. The company said that the move will further strengthen its end to end 6000 18 data services offering. 16 5900 14 5800 12 State-run gas firm GAIL (India) is scouting for shale gas assets in the United States and is willing to invest 88.38 #DIV/0! 10 around $400-$500 million, a business daily reported, citing two unnamed people familiar with the 5700 development. 8 5600 6 4 Petronet LNG, the nation's largest importer of liquefied natural gas, today reported more than doubling of 5500 its net profit to about Rs 171 crore in the quarter December 31, 2010 on back of higher gas imports.Net 2 5400 0 profit in October-December quarter stood at Rs 170.84 crore as compared to Rs 83.21 crore million for the 12-Jan 13-Jan 14-Jan 17-Jan 18-Jan quarter ended December 31, 2009. Medical equipment-maker Opto Circuits reported a consolidated net profit of Rs 95.67 crore for the third ` quarter ended December 31, 2010.The company had posted a net profit of Rs 65.68 crore for the same period last fiscal.
  2. 2. January 19, 2011 Volume: 1 | Issue: 389| November 1, 2010 SECTOR 18-Jan 17-Jan % Change CORPORATE NEWS It 6,721 6,550 2.60 IT major Tata Consultancy Services said that it plans to hire 37,000 professionals for its Metal 16,529 16,155 2.31 domestic and overseas markets through campus placements in the next fiscal. Teck 3,935 3,865 1.80 Hc 6,551 6,446 1.64 Indian state-run upstream firms are expected to give a total discount of Rs 5,198 crore to Fmcg 3,646 3,592 1.52 retailers on fuel sales in the Oct-Dec 2010 quarter, up from a year ago. Bankex 12,049 11,878 1.43 Lighting products and steel pipe manufacturer Surya Roshni said that it has decided to Cd 6,050 5,972 1.30 expand its product portfolio due to rise in global and domestic demand.Surya Psu 8,748 8,698 0.57 Group, having a present turnover of Rs 2500 crore, is projected to double it in next two Auto 9,292 9,252 0.44 years. Realty 2,472 2,465 0.31 Cg 13,682 13,656 0.19 Drug firm Strides Arcolab said that it has received approval from the US health Power 2,779 2,779 0.02 regulator for additional package size of Adenosine injection used for treating cardiac Oil&Gas 9,931 9,944 (0.12) problems. The Mittal brothers, Promod and Vinod Mittal, the promoter directors of Ispat Industries would continue on the board even after majority interest in the company goes to JSW Steel. Nagarjuna Construction Company Ltd (NCC) has informed that it has BSE Upper Circuit Breakers acquired, through its subsidiary NCC Power Projects Ltd (NCC PPL), 55% equity stake of Company Name 18-Jan 17-Jan % Change Nelcast Energy Corporation Ltd (NECL).NECL is developing a 1320 MW Thermal Power Mold Tek Technologies 88.3 73.6 20.00 Project at KrishnaPatnam in Nellore district of Andhra Pradesh. Simmonds Marshall 40.2 36.5 10.00 Elder Health 71.6 65.1 10.00 Drug firm Cadila Healthcare said that net profit of Zydus Cadila rose by 24.94 per cent to Rs 162.01 crore for the third quarter ended December 31, 2010, over the same period Paraan 1,706.3 1,625.0 5.00 0 previous fiscal.The company had reported a net profit of Rs 129.67 crore for the same Sampada Chemical 262.5 250.0 5.00 quarter last fiscal. IT solutions provider NIIT Technologies reported a profit after tax (PAT) of Rs 47.8 crore for the quarter ended December 31, reflecting a growth of 35.41 per cent over the year- ago period.The company had posted a PAT of Rs 35.3 crore in the October-December quarter last fiscal. BSE Lower Circuit Breakers Company Name 18-Jan 17-Jan % Change Anil Ambani-led Reliance Communications said that it has raised $255 million (about Rs 1,155 crore) by way of external commercial borrowing to partly refinance payment Agre Developers 50.6 56.2 (10.00) made for acquiring 3G spectrum. KEN Financials 113.3 119.3 (5.00) Kalyani Investment 876.3 922.4 (5.00) Battery maker Exide Industries reported a 4.6 per cent fall in October-December Centrum Capital 1316.3 1385.5 (5.00) net, missing analysts' forecast, as demand from automakers forced it to deploy capacity Spectacle Infotech 22.3 23.5 (5.00) away from the more profitable after-market business. Edible oil maker Ruchi Soya Industries has said it will invest Rs 600 crore to expand refinery capacity by 1.1 million tonnes by next fiscal. State gas utility GAIL India reported 12.7 per cent jump in its net profit for the quarter ended December 31, 2010, on higher gas trading and transmission margins.Net profit in October-December rose to Rs 968 crore as compared to Rs 859 crore in the year-ago period. CEAT Sri Lanka, a unit of India's RPG Industries, plans to expand its production by a fifth with an investment of nearly $5 million. COMMODITY 18-Jan 17-Jan % Change COMMODITY / CURRENCY NEWS Crude Oil (USD/bbl) 91.5 91.0 0.59 Gold (Rs/10gm) 20,352.0 20,270.0 0.40 Silver (Rs/kg) 44,345.0 43,662.0 1.56 Light Sweet Crude Oil on Tuesday was up by 0.59% at $91.5 per barrel. Gold closed up by 0.40% at Rs 20,352 and Silver closed up by 1.56% at Rs. 44,345. CURRENCY 17-Jan 17-Jan % Change The Indian Rupee closed higher against the dollar at 45.36 as the Indian equity INR / USD 45.42 45.51 (0.20) benchmarks ended on positive note. USD / Euro 1.34 1.32 1.52 Yen / USD 82.71 82.66 0.06
  3. 3. January 19, 2011 Volume: 1 | Issue: 389| November 1, 2010 FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS DCB 49.9 50.3 0.80 The government is pooling in its regulatory resources to frame a comprehensive LICHSGFIN 155.1 156.2 0.71 rule-book for wealth management advisors and has sought inputs for the same CANBK 536.3 539.8 0.66 from RBI, Sebi and other financial sector regulators. 3IINFOTECH 55.6 56.0 0.63 EKC 87.7 88.3 0.63 Even as the operators are yet to start offering NextGen 3G mobile services on full ABGSHIP 372.2 374.5 0.62 stream, telecom regulator Trai today said it would come out with a consultation PFC 280.3 277.8 (0.87) paper on fourth generation mobile (4G) services by the middle of this year. PNB 1147.0 1,139.8 (0.63) Private Equity (PE) firms invested $7.97 billion in Indian companies in 2010, almost CHENNPETRO 228.3 227.0 (0.57) double than that in the previous year, says a study. ACC 1029.2 1,025.9 (0.32) HEXAWARE 121.3 120.9 (0.29) Citigroup Inc has reported fourth quarter 2010 net income of US$1.3 bn, or $0.04 EXIDEIND 137.8 137.5 (0.25) per diluted share, compared to a net loss of US$7.6 bn, or $0.33 per diluted share, in the fourth quarter 2009. Citigroup net income for full year 2010 was $10.6 INSTITUTIONAL ACTIVITY (Rs Cr) 5-Jan 4-Jan YTD billion, or $0.35 per diluted share, compared to a net loss of $1.6 billion, or $0.80 FII Cash Net (92) 779 131,633 per share, in the full year 2009. FII Stock Futures (495) (487) 12,779 FII Index Futures (109) (82) (8,006) China's GDP increased to 39.5 trillion yuan (US$5.98 trillion) in 2010, up 10.1% over the previous year according to sources. Mutual Fund (177) (293) (28,566) VALUATIONS P/E P/B DIV YLD BSE 21.9 3.6 1.1 NSE 22.7 3.6 1.1 BSE500 Mcap/GDP Ratio 0.62 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % TCS 1,200.55 5.48 Opto Circuits 249.4 10.55 Splash Media 117.45 12.18 Sterlite Inds 177.15 4.42 ING Vysya Bank 341.9 7.26 KPIT Cummins 160.55 11.07 Jindal Steel 690.75 3.06 Shoppers Stop 351 6.98 Zee Learn 23.85 9.15 Wipro 479.15 2.79 Gitanjali Gems 208.4 5.65 Odyssey Corp 143.8 8.98 Cipla 355.15 2.67 Polaris Soft 178 5.23 Jupiter Biosc 34.55 8.14 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % Reliance Infra 702.35 -4.53 Bata India 337.45 -7.47 Andhra Cements 9.24 -12.67 Tata Power 1,331.70 -0.92 Amara Raja 170.85 -6.23 Atco Corp 87.9 -9.29 Bharti Airtel 344.50 -0.89 Glenmark Pharma 308.95 -4.97 HEG 222.25 -6.14 HDFC 657.55 -0.63 Kirloskar Bros 184.2 -4.36 Sezal Glass 6.1 -6.01 DLF 249.20 -0.62 Coromandel Intl 253.45 -4.18 Piramal Glass 99.2 -5.57 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 Kalindee Rail Nirman (Eng Crosseas Capital Services Pvt. Ltd. BUY 3.60% 197.5 Subex Manish Vrajlal Sarvaiya SELL 1.23% 84.0 Fiem Industries Fiem Industries Limited SELL 2.57% 176.0 BSE Vivimed Labs Niraj Rajnikant Shah BUY 4.54% 304.0 Gravita India Crosseas Capital Services BUY 1.50% 266.1 Everonn H P Share Shoppe BUY 2.34% 693.5 XPRO India Chander Kanta SELL 2.30% 70.3 Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0

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