1.
India Morning Note
a g
Thur
rsday, May 3 2012
31,
Dom
mestic Mark
kets Snapsh
hot Views on markets t
today
• India markets fell yeste
an s erday, dragged down by a
Nam of Index
me May 29 May 30 Change (%)
)
11.9 drop in T
9% Tata Motors stocks afte the auto m
er maker
Sensex 16,438.58 16,312.15 -0.77%
repo
orted disap ppointing quarterly earnings, while
CNX Nifty
X 4,990.10 4,950.75 -0.79% cauttion also pre
evailed a da before GDP data an the
ay G nd
BSE Mid-cap 5,963.50 5,886.92 -1.28% expiry of deriva
atives.
BSE IT 5,625.39 5,646.54 0.38% • A reenewed fall in the rupee to near record lows
BSE Banks 11,178.04 10,979.86 -1.77% conttributed to the weak s
sentiment, as did the fall in
a
FII A
Activity (`Cr) Asian shares, both becau use of inte
ensifying w
worries
abou Spain's b
ut banking wooes and its debt yields The
s.
Date
e Buy Sell Net glob risk aversion has come at a time when inve
bal estors
29-M
May 1,593 1,405 187 are already worried about India's eco
onomic and fiscal
28-M
May 1,234 1,055 179 ook.
outlo
Tota May
al 38,133 39,106 -974 • Vola
atility ruled the roost a the mark
as kets recover red to
2012 YTD 274,511 232,024 42488 hit fresh intrad
f day highs in mid-afteernoon trad as
de
polit
tical worries eased afte DMK chie M Karuna
s er ef anidhi
MF A
Activity (`Cr)
said that he never threatened the Centre of a pu ull-out
Date
e Buy Sell Net from the coalitio governm
m on ment over pe
etrol price h
hike.
29-M
May 241 363 -122 • Exce IT, all se
ept ectoral indic
ces closed on negative note
o e
28-M
May 342 211 130 with auto, cons
sumer dura ables, real estate and bank
Tota May
al 7,713 7,544 167 stocks were ma
ajor losers.
2012 YTD 52,707 58,639 -5933 • Mark breadth was weak at ~0.63x as investors sold
ket
mid and small cap stocks. On provissional basis, both
,
Volu
ume & Adva
ances / Dec
clines
FIIs and dome
estic institutions sold bought eq quities
NSE BSE wort `0.11bn a
th and `1.82bn respective
n, ely.
Trad
ding Volume (Cr) 54.71 16.29 • Asia markets drropped toda as US st
ay, tocks fell sh
harply
Turn
nover (`Cr) 9,062 1,737 overrnight on ffresh worri
ies about Spain and Italy
Advances 425 1,046 spar
rked fears o a deterio
of orating situ
uation in Eu urope,
Declines 1,047 1,654 and rising globa uncertain saw investors dum risk
al nty mp
asse
ets.
Unchanged 73 128
• We expect ano other gap down openin for the I
ng Indian
Tota
al 1,545 2,828
markets, follow wing the w weak cues from the Asian
Glob Markets
bal markets. Howev ver, the inv
vestors may keep their close
y
Inde
ex Late Values
est Change (%)
) watc on the G
ch GDP data th hat is to be released today
e
DJIA
A 12,419.86 -1.28% and country w wide protest called by the oppo
y osition
parties in India.
NAS
SDAQ 2,837.36 -1.17%
Nikk *
kei 8,474.57 -1.84%
Econom and Cor
mic rporate Dev
velopments
s
Hang Seng * 18,437.30 -1.35%
• CDM operators associatio Auspi rea
MA on acted strongly to
the Cellular Op perators As
ssociation of India’s (
o (COAI)
* as o 8.25AM IST
of
lette which h
er has asked Finance Minister P Pranab
Curr
rencies / Co
ommodities Snapshot
s Mukherjee to ca ancel the du technolo
ual ogy status of Tata
Latest Previous Teleservices saying th hat the GSM operators
Quote Close assoociation is presenting a misleading picture to serve
g
Indian Rupee per $ 56.20 55.61 vestted interest of its membbers.
Indian Rupee per € 69.52 69.44 • Accoording to th NCAER M
he MasterCard Worldwide Index
NYM
MEX Crude Oil($/bbl) 87.51 87.82 of Business Co
B onfidence, t
the confide
ence of India Inc
Gold ($/oz)
d 1,561.40 1,563.40 incre
eased by 7..7% over th previous quarter to 134.9
he
Silve ($/oz)
er 27.83 27.96 points in the March qua arter from 125.2 poinnts in
January 2012.
Keyn
note Capitals Research
h (reseaarch@keyno otecapitals.net) (+91222-3026600 00)
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als h
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omberg KNTE <GO>, Tho
E omson One A Analytics, Re
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2.
TOP GAINERS Buzzin Stocks
ng
(BSE A-Group)
E • Mahhindra Satya am has set up an exc
t clusive delivery
Previous Currennt Change centtre for ae erospace annd defence in Toulo
e ouse,
Com
mpany Name
e
Close(`
`) Price(`
`) (%) Frannce. Its second such in
nvestment after setting up
a g
Container Corp 861.10
0 903.95 4.98 its first dedicaated aerosp
pace centre in Hamb burg,
Tech Mahindra
h 664.65
5 689.90 3.80 Germany, in 20 008.
Crom
mpton Greav
v 110.55
5 114.20 3.30 • The Vadodara MMunicipal Corporation (VMC) and GAIL
Amb
buja Cements
s 146.20
0 150.70 3.08 have complete most o the form
ed of malities for the
Sun Pharma 565.65
5 581.25 2.76 prop
posed joint venture co ompany in Gujarat, wwhich
(BSE Mid-Cap)
E aims at providi
ing gas at lowest rates through p
s piped
connections to people in th city.
he
Previous Currennt Change
Com
mpany Name
e • Guja
arat State Fertilizers a
and Chemic cals Ltd (GSFC)
Close(`
`) Price(`
`) (%)
Guja
arat Pipavav 56.30 58.95 4.71 has planned investments to the tune of `80
s 00Cr
REI Agro 8.54
4 8.94 4.68 during fiscal 2013 to incrrease capac city and se up
et
Infot
tech Enter 166.00 171.90 3.55 new projects fo various fe
w or oducts including
ertilisers pro
Pres
stige Estates 109.85 113.50 3.32 urea and di-am
a mmonium ph hosphate (DA AP).
Shriram City Uni 605.00 622.45 2.88 • Bata India will invest `15C for three years eac in
a Cr e ch
mod dernisation and expanssion of three existing pl
e lants
TOP LOSERS in Patna, Batannagar and Baangalore.
(BSE A-Group)
E • Ashok Leyland’ UK subsid
’s diary Optare has closed its
e
ckburn facili
Blac ity. The mov is part of the compa
ve f any’s
Previous Currennt Change
Com
mpany Name
e rest plan, which started in August 2009.
tructuring p n
Close(`
`) Price(`
`) (%)
Tata Motors
a 275.90
0 243.35
5 -11.80 The Blackburn facility is Optare’s third factor to
t ry
Havells India 587.60
0 546.65
5 -6.97 dow its shutte
wn ers.
Unit
tech 22.20
0 20.80
0 -6.31 US markets
Unit
ted Spirits 651.60
0 612.05
5 -6.07 US stoocks fell sha
arply overnnight, wiping out the prior
Suzl
lon Energy 21.00
0 19.75
5 -5.95 session rally, as bond yields in Spain and Italy surged
n’s a
and po Greece adde to the uncertainty over
olls out of G ed u
(BSE Mid-Cap)
E
whethe it would r
er remain in th euro zone
he e.
Previous Currennt Change
Com
mpany Name
e The Dow Jones Industrial Average dropped 160.83
D
Close(`
`) Price(`
`) (%)
Havells India 587.60 546.65 -6.97 points, or 1.3%, t 12,419.8 The S&P 500 Index on
to 86. P x
Unit
tech 22.20 20.80 -6.31 Wedne esday shed 19.10 points, or 1.4 4%, to end at
d
Ship
pping Corp 55.65 52.20 -6.20 1,313.3 The Nas
32. sdaq Composite Index declined 33.63
BGR Energy
R 302.30 284.05 -6.04
points, or 1.2%, to 2,837.36.
o
Suzl
lon Energy 21.00 19.75 -5.95
Keyn
note Capitals Research
h (resea
arch@keyno
otecapitals.net) (+912
22-3026600
00)

3.
India and Globa Economic Calendar
a al c
Countries / Thursday Fr
riday Monday
M Tuesday
T
Reg
gions 31/
/May 1/Jun
1 4/Jun 5/Jun
Ind
dia GDP (Q4) Forex Res
serves Data
a
Infrastruct
ture Bank Loa Growth
an
Output
US GDP annualized (Q1) Average Hourly Factory Orders ISM Non
n-Mfg Index
x
Earnings (YoY &
MoM), Av
verage
Weekly H
Hours
Initial jobless Claims Nonfarm Payrolls, ICSC-Go
oldman Stor
re
Unemployment Rate e Sales
Construct
tion
Spending (MoM)
g
Glo
obal Eurozone Consumer UK Purchasing UK Hous prices
se Germanny's
price inde
ex Manager Index data Purchassing Manage
er
Manufactturing Index Services
KEYN
NOTE CAPITTALS LTD.
The Rub 9th Floo Senapati Bapat Marg, Dadar (W), Mumba – 400 028
by, or, ai 8
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m
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c n. tent is attribu
utable to
various media, unle specified otherwise. A market related statistic data perta
ess All cal ains to the im
mmediately preceding trad ding day,
unless stated other
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er ation nor any opinion expressed in this report constitutes an off
y s fer, or an invitation to
make an offer, to bbuy or sell the securities m
mentioned he erein. We or any of our directors, offic
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oyees shall not in any
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