1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Tuesday, March 06, 2012
Domestic Markets Snapshot Views on markets today
Name of Index 3-Mar 5-Mar Change (%) • The Indian markets remained under pressure all
Sensex 17,636.99 17,362.87 -1.55% throughout the day and registered its lowest closing
CNX Nifty 5,359.40 5,280.35 -1.47% level in more than a month. The Sensex began the
session 39 points lower at 17598 on the back of
BSE Mid-cap 6,359.29 6,271.17 -1.39%
negative global cues. The index slipped further and
BSE IT 6,118.39 6,051.16 -1.10%
extended losses on all-round selling. Weak European
BSE Banks 12,022.08 11,706.88 -2.62% cues further led the index to touch an intraday low of
FII Activity (`Cr) 17312 in the mid-afternoon session. The Sensex
closed 274 points lower at 17363. and the Nifty stood
Date Buy Sell Net
at 5280, down by 79 points. Heavyweights like ICICI
2-Mar 2,385 1,783 602
Bank, RIL, Infosys, SBI, HDFC, L&T, HDFC Bank
1-Mar 2,437 2,161 276 dragged the markets. Investors remained cautious
Total Mar 4,822 3,944 878 ahead of the UP assembly election results.
2012 YTD 145,752 106,382 39370
All the sectoral indices fell except BSE FMCG up by
MF Activity (`Cr) 0.26%. Top losers were BSE Realty down by 3.26%,
Date Buy Sell Net BSE Metal down by 3.06% and BSE Bankex down by
2-Mar 398 548 -150
2.62%. Among 'A' group stocks, top gainers were
Reliance Infrastructure up 5.52%, Reliance Power up
1-Mar 464 655 -191
5.00% and Zee Entertainment Enterprises advanced
Total Mar 862 1,206 -343
by 4.02%. Top losers were United Spirits dipped by
2012 YTD 26,224 30,597 -4373 6.82%, Sintex Industries fell by 6.76% and EIH
Volume & Advances / Declines dropped by 6.74%.
NSE BSE • Market breadth was weak at ~0.53x as investor sold
Trading Volume (Cr) 66.59 23.74 large cap stock. On provisional basis, FIIs bought
Turnover (`Cr) 10,760 2,456 equity of `1.26Bn and domestic institutions sold equity
of `2.58Bn.
Advances 427 986
Declines 1,068 1,844 • Asian markets fell Tuesday, led by steel stocks, as
Unchanged 56 111 concerns rose over growth after US supply index and
China's cut in growth forecast.
Total 1,551 2,941
Global Markets • We expect a weak opening for the Indian markets,
following the cues from the Asian markets today.
Index Latest Values Change (%) However, the markets may remain volatile for the
DJIA 12,962.81 -0.11% trading session, as Uttar Pradesh vote counting gets
NASDAQ 2,950.48 -0.86% underway.
Nikkei * 9,656.37 -0.44%
Economic and Corporate Developments
Hang Seng * 20,963.38 -1.42%
* as of 8.25AM IST • An Empowered Group of Ministers (EGoM) decided to
Currencies / Commodities Snapshot allocate 700 MHz spectrum band for offering fourth-
Latest Previous generation or 4G telecom services.
Quote Close • Iran is likely to supply 5,000 MW of electricity to India
Indian Rupee per $ 49.67 49.84 as power exports are more cost- efficient, an Iranian
Indian Rupee per € 65.60 65.87 media report said.
NYMEX Crude Oil($/bbl) 106.80 106.72
Gold ($/oz) 1,708.70 1,703.00
Silver ($/oz) 34.03 33.65
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group)
• Tata Power on Monday formed a joint venture with a
Previous Current Change
Company Name South African mining company, Exxaro. The 50:50
Close(`) Price(`) (%)
Reliance Infra 621.85 656.15 5.52 joint venture will be called Cennergi (Pty) and will
Reliance Power 128.90 135.35 5.00 look for electricity generating opportunities across
Zee Entert 135.70 141.15 4.02 South Africa, Botswana and Namibia. South Africa-
Syndicate Bank 108.80 112.50 3.40 based Cennergi will focus on the investigation of
feasibility, development, ownership, operation,
Castrol India 490.80 507.15 3.33
maintenance, acquisition and management of power
(BSE Mid-Cap) generation projects.
Previous Current Change • Shriram EPC would acquire a 68% stake in Sree
Company Name
Close(`) Price(`) (%) Jayajothi Cements Ltd, along with its group
Glodyne Tech 228.90 242.85 6.09 companies. The acquisition will be done by Shriram
Himadri Chem 40.00 42.00 5.00 EPC and a special purpose vehicle (SPV) floated by
Kwality Dairy 37.10 38.80 4.58 other Shriram Group companies. According to a
3M India 3794.35 3955.00 4.23 senior official in the company, the SPV will rope in an
Honeywell Auto 2990.20 3106.00 3.87 outside investor, including private equity later.
TOP LOSERS • The Electronics Division of Bangalore-based Bharat
Heavy Electricals Limited (BHEL) has set a new
(BSE A-Group)
record in its solar photovoltaic business in a single
Previous Current Change year, by commissioning 13 Mw of solar power plants
Company Name
Close(`) Price(`) (%) in various parts of the country during the current
United Spirits 558.85 520.75 -6.82
financial year.
Sintex Inds 84.35 78.65 -6.76 • Indian Oil Corporation ltd (IOCL) has signed a pact
EIH 98.60 91.95 -6.74 with the Dhamara Port Corporation Ltd (DPCL) to
Hindustan Copp 302.55 283.65 -6.25 develop a Liquefied Natural Gas (LNG) terminal
Pantaloon Retl 184.00 172.60 -6.20 inside the port area at an investment of Rs 10,000
crore.
(BSE Mid-Cap)
• Reliance Communications is understood to have
Previous Current Change
Company Name bagged a project worth Rs 300 crore from the
Close(`) Price(`) (%)
Sintex Inds 84.35 78.65 -6.76 Unique Identification Authority of India (UIDAI) for
EIH 98.60 91.95 -6.74
managing the network and subscriber numbers.
Pantaloon Retl 184.00 172.60 -6.20 US markets
Indiabulls Fin 231.30 217.10 -6.14 U.S. stocks declined Monday after poor numbers of U.S.
Hindustan Const 28.55 27.00 -5.43 services-sector gauge rose concerns over economic
recovery.
The Dow Jones Industrial Average lost 14.76 points, or
0.1%, to 12,962.81. The S&P 500 Index declined 5.3
points, or 0.4%, to 1,364.33. The Nasdaq Composite fell
25.71 points, or 0.9%, to 2,950.48.
Keynote Capitals Institutional Research (research@keynotecapitals.net) (+9122-30266000)

3. K E Y N O T E
INSTIT UT IONAL R ES EAR C H
India and Global Economic Calendar
Countries / Tuesday Wednesday Thursday Friday
Regions 6/Mar 7/Mar 8/Mar 9/Mar
Results of Uttar Forex Reserves Data
India Pradesh Assembly
Elections
Weekly Supplement
of RBI
Consumer Credit Trade Balance &
US
Unemployment rate
ADP employment Average Weekly
change Hours
Average Hourly
Earnings (YoY & MoM)
Nonfarm Payrolls &
Wholesale Inventories
UK retail sales Germany IIP UK Bank of england UK Producer Price
Global Interest rate Index - Input (YoY &
MoM) n.s.a
UK home sales Japan economic index UK Producer Price
& GDP Index - Output (YoY&
MoM)) n.s.a
Goods Trade Balance
& Trade Balance;
non-EU
UK Manufacturing &
IndustrialProduction
(YoY & MoM)
China Consumer Price
Index & Producer
Price Index (YoY)
China Industrial
Production & Retail
Sales (YoY)
UK NIESR GDP
Estimate (3M)
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