Embed Size (px)
DESCRIPTION
Citation preview
K E Y N O T E INSTITUTIONAL RESEARCH
Keynote Capitals Institutional Research ([email protected]) (+9122-30266000)
Keynote Capitals Institutional Research is also available on Bloomberg KNTE <GO>, Thomson One Analytics, Reuters Knowledge, Capital IQ, TheMarkets.com and securities.com
Keynote Capitals Institutional Research - winner of “India’s Best IPO Analyst Award 2009” by MCX-Zee Business To unsubscribe from this mailing list, please reply to [email protected]
Domestic Markets Snapshot
Name of Index Dec 8 Dec 9 Change (%)
Sensex 16,488.24 16,213.46 -1.67%
CNX Nifty 4,943.65 4,866.70 -1.56%
BSE Mid-cap 5,669.70 5,620.85 -0.86%
BSE IT 5,782.01 5,733.49 -0.84%
BSE Banks 10,266.84 10,157.05 -1.07%
FII Activity (`Cr)
Date Buy Sell Net
8-Dec 2,210 2,014 196
7-Dec 2,842 2,763 79
Total Dec 11,574 9,470 2104
2011 YTD 580,018 580,860 -841
MF Activity (`Cr)
Date Buy Sell Net
8-Dec 341 561 -221
7-Dec 497 425 72
Total Dec 2207 2352 -145
2011 YTD 124,433 119,130 5303
Volume & Advances / Declines
NSE BSE
Trading Volume (`Cr) 9952 1898Advances 435 1040Declines 1028 1648Unchanged 70 160Total 1533 2848
Global Markets
Index Latest Values Change (%)
DJIA 11,997.70 -1.6%
NASDAQ 2,596.38 0.0%
Nikkei * 8,536.46 -1.5%
Hang Seng * 18,586.23 -2.7%
* as of 8.25AM IST
Currencies / Commodities Snapshot
Latest Quote
Previous Close
Indian Rupee per $ 52.05 51.76
Indian Rupee per € 69.81 69.07
NYMEX Crude Oil($/bbl) 99.36 99.41 Gold ($/oz) 1708.2 1712.8 Silver ($/oz) 31.7 32.17
Views on markets today
• Indian markets extended losses to the second day and closed lower on Friday as concerns over a slowdown in the economy intensified after the finance ministry cut the country's growth forecast for the current fiscal year. As worries over economic growth weighed on some optimism created by European markets which recovered from early trading lows after European leaders agreed to send €200bn to IMF to fight the Eurozone crisis. European Union summit failed to secure the full backing of the 27 nations for treaty changes, 23 out of 27 members agreed to form a new fiscal compact and signaled they would provide extra financial support to troubled members of the region. All sectoral indices closed on negative note with capital goods, auto, oil & gas and power stocks were major losers. Auto stocks dropped, after the Society of Indian Automobile Manufacturers (SIAM) predicted that the growth of passenger car sales would witness a further fall, the third time in a row, this fiscal. Kingfisher Airlines fell 3.82% after a tax official said the authorities had frozen 11 of the carrier's bank accounts for failure to pay service tax dues. While Geojit BNP Financial Services ended 6.15% up after French lender BNP Paribas agreed to pay `405mn to buy out its Indian institutional broking business.
• Market breath was week at ~0.63x as investors sold large cap stocks. FIIs sold equity worth `2.48bn while domestic investors bought equity worth `1.15bn.
• Asia markets rose on Monday, with exporters and technology firms notable gainers, after U.S. investors welcomed the latest agreement reached by European leaders on steps to stem the region’s debt crisis.
• We expect a positive but cautious opening for the Indian markets today following the cues from the Asian markets but investors keeping eye on the IIP numbers today.
Key Events
Index of Industrial Production
Economic and Corporate Developments
• Data released by real estate research firm Liases Foras for Delhi, Mumbai and Bangalore indicates this trend. Bangalore, for instance, considered one of India’s fastest growing and most crowded metros, shows a 21 per cent drop in residential area sold in April-September, compared to last year.
India Morning Note Monday, December 12, 2011
K E Y N O T E INSTITUTIONAL RESEARCH
Keynote Capitals Institutional Research ([email protected]) (+9122-30266000)
TOP GAINERS
(BSE A-Group)
Company Name Previous Close (`)
Current Price (`)
Change (%)
Opto Circuits 194.60 205.15 5.42
HPCL 287.30 293.65 2.21
Petronet LNG 156.45 158.90 1.57
Aditya Birla Nuv 901.45 915.50 1.56
Indian Oil Corp 266.30 270.10 1.43
(BSE Mid-Cap)
Company Name Previous Close(`)
Current Price(`)
Change (%)
Glodyne Tech 251.85 266.65 5.88
Opto Circuits 194.60 205.15 5.42
Bombay Rayon 234.10 245.70 4.96
VAARAD 35.50 37.25 4.93
Strides Arco 413.70 428.95 3.69
TOP LOSERS
(BSE A-Group)
Company Name Previous Close(`)
Current Price(`)
Change (%)
Dish TV India 64.80 61.10 -5.71
Jet Air India 250.05 235.80 -5.70
SAIL 87.65 83.20 -5.08
CESC 242.00 229.75 -5.06
Educomp Sol 213.60 202.85 -5.03
(BSE Mid-Cap)
Company Name Previous Close(`)
Current Price(`)
Change (%)
Gujarat Pipavav 58.55 54.60 -6.75
Dewan Housing 217.45 203.05 -6.62
KSK Energy 50.20 47.10 -6.18
BGR Energy 252.65 237.35 -6.06
Dish TV India 64.80 61.10 -5.71
Buzzing Stocks
• Rane Group is aiming at doubling its current turnover to become a $1bn company in the next five years through accelerated growth strategies.
• Coal India, which is grappling with meeting production targets, plans to install GPS-based movement tracking system to increase output in its major mines.
• Maruti Suzuki India expects to complete land acquisition for a plant in Gujarat in a month but has no immediate plan to start construction work there, a company official said.
• As inflation remains sticky and pricing power limited, fast moving consumer goods (FMCG) companies are adopting various measures to protect margins. This includes input substitution, overhead management, rationalising personnel — all aimed at reining in expenditure.
• Gail India has shown interest to make Orissa a partner in setting up of a gas-based power project in the state, informed T Ramachandru, industry secretary, Orissa government.
• GAIL India signed an agreement to buy 3.5mn tonnes a year of Liquefied Natural Gas LNG for 20 years from a US firm to meet India's growing energy needs.
US markets
U.S. stocks closed higher on Friday, with the three benchmark indexes scoring gains for the week, as European leaders agreed to closer fiscal ties and U.S. consumer confidence hit a six-month high.
The Dow Jones Industrial Average rose 186.56 points, or 1.6%, to finish at 12,184.26. The S&P 500 Index added 20.84 points, or 1.7%, to 1,255.19. The Nasdaq Composite advanced 50.47 points, or 1.9%, to 2,646.85.
K E Y N O T E INSTITUTIONAL RESEARCH
KEYNOTE CAPITALS LTD. 4th Floor, Balmer Lawrie Building, 5, J. N. Heredia Marg, Ballard Estate, Mumbai 400 001. INDIA
Tel. : 9122-2269 4322 / 24 / 25 • www.keynoteindia.net
Disclaimer: This report is purely for information purpose and is based on public information. News content is attributable to various media, unless specified otherwise. All market related statistical data pertains to the immediately preceding trading day, unless stated otherwise. Neither the information nor any opinion expressed in this report constitutes an offer, or an invitation to make an offer, to buy or sell the securities mentioned herein. We or any of our directors, officers or employees shall not in any way be responsible for any loss arising from the use of this report. Investors are advised to apply their own judgment before acting on the contents of this report. The report has not been edited due to time constraints.
India and Global Economic Calendar
Countries / Monday Wednesday Thursday Friday
Regions Dec. 12 Dec. 14 Dec. 15 Dec. 16
India IIP Data Monthly Inflation Weekly Inflation Data Forex Reserves Data
Weekly Supplement of RBI
US Federal Budget
Producer price index Consumer Price Index Ex Food & Energy (YoY & MoM)
Current Account Consumer Price Index (MoM)
Net long term treasury International capital
Industrial production
Philadelphia Fed Manufacturing Survey
Global
Japan Industrial Production data and Manufacturing Index
Hungary- Industrial output
Canada Foreign Investments in Canadian securities
UK Unemployment Rate and Average Earning growth rate
Switzerland- Industrial production
Germany- Purchasing Managers Index Manufacturing
