Event Report - IBM Think 2024 - It is all about AI and hybrid
Keynote capitals india morning note may 4-'12
1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Friday, May 04, 2012
Domestic Markets Snapshot Views on markets today
Name of Index May 2 May 3 Change (%) • Indian markets posted their biggest falls in nearly
Sensex 17,301.91 17,151.19 -0.87% three weeks and closed on negative note yesterday
CNX Nifty 5,239.15 5,188.40 -0.97% after a slump in the rupee exacerbated worries about
BSE Mid-cap 6,298.95 6,234.75 -1.02% the country's fiscal and economic challenges, as well
BSE IT 5,746.08 5,786.99 0.71% as about foreign selling on the back of recent tax
BSE Banks 11,860.29 11,653.70 -1.74% proposals. Banking shares led the falls a day after the
Reserve Bank of India issued guidelines imposed core
FII Activity (`Cr)
capital ratios of at least 7%, sparking concerns about
Date Buy Sell Net return on equities in the sector. The RBI introduced
30-Apr 2,114 1,573 541 new rules on Wednesday to get banks to comply with
27-Apr 2,084 2,415 -331 upcoming Basel III rules, which would hit leverage
Total Apr 36,146 38,012 -1865 levels and ROEs of the banks. The rupee dropped to a
2012 YTD 236,380 192,917 43462 four-month low against the dollar yesterday, sparked
by concerns about foreign flows and the country's
MF Activity (`Cr)
widening current account deficit. Except IT, all sectoral
Date Buy Sell Net indices closed on negative levels with auto, metal,
26-Apr 725 876 -152 bank and real estate stocks were major losers. Auto
25-Apr 448 558 -110 stocks fell for the second day in a row after tepid sales
Total Apr 8,237 8,892 -654 growth reported by most auto firms for the month of
2012 YTD 44,182 50,410 -6228 April 2012. However, software services exporters
gained on expectations the slide in the rupee would
Volume & Advances / Declines
improve profit margins at a time of waning
NSE BSE outsourcing demand. Sugar producers stocks surged
Trading Volume (Cr) 55.60 20.21 after the government removed any limits on export
Turnover (`Cr) 10,004 1,921 volumes, raising expectations for improved profits in
Advances 429 1,055 the sector. Hero MotoCorp dropped 7.7% after missing
Declines 1,046 1,719 earnings estimates, and on worries about the impact
from the expiration of a state tax exemption it
Unchanged 68 107
currently enjoys in Haridwar of northern India.
Total 1,543 2,881
Global Markets • Market breadth was lower at ~0.61x as investors sold
large cap stocks. On provisional basis, FIIs bought
Index Latest Values Change (%) equity of `0.73bn while domestic institutions sold
DJIA 13,206.59 -0.47% equity of `3.47bn in cash segment.
NASDAQ 3,024.30 -1.16%
• Asian markets fell for a second day, as U.S. service
Nikkei * 9,380.25 0.31%
industries expanded less than forecast and falling
Hang Seng * 21,077.87 -0.81%
commodity prices weakened the earnings outlook for
* as of 8.25AM IST exporters and raw-material producers.
Currencies / Commodities Snapshot
• We expect a weak opening for the Indian markets,
Latest Previous
tracking the cues from the Asian markets and global
Quote Close
economic developments.
Indian Rupee per $ 53.37 52.98
Indian Rupee per € 70.20 69.66 Economic and Corporate Developments
NYMEX Crude Oil($/bbl) 102.68 102.54 • HSBC's business activity index or services PMI,
Gold ($/oz) 1,636.20 1,634.20 compiled by its service Markit, rose to 52.8 in April
Silver ($/oz) 30.12 29.98 from 52.3 in March.
Keynote Capitals Institutional Research (research@keynotecapitals.net) (+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 unsubscribe@keynotecapitals.net
2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • Cairn India to invest $5bn in Barmer block to
Previous Current Change increase output.
Company Name
Close(`) Price(`) (%) • Delhi High Court adjourns hearing in IGL vs PNGRB
Pipavav Defence 79.90 86.70 8.51
matter to May 8.
United Phos 119.75 126.85 5.93
• Dr Reddys gets US nod for osteoporosis drug Boniva
Godrej Cons 548.00 566.75 3.42
150 mg generic.
Glenmark Ph 329.75 337.15 2.24
Hind Unilever 425.00 433.60 2.02 • Pheonix Mills board clears raising `1000Cr via QIP
route.
(BSE Mid-Cap)
• Bosch to invest `300Cr in Nashik plant expansion.
Previous Current Change
Company Name • Mcnally Bharat Engineering receives 2 orders worth
Close(`) Price(`) (%)
Pipavav Defence 79.90 86.70 8.51 `177Cr from NTPC and Unitech Hi-Tech (NTPC
United Phos 119.75 126.85 5.93 Thermal Project worth `170Cr).
Core Projects 279.10 294.75 5.61 • GAAR may be put off by a year, tax amount of `10-
Arvind 85.80 89.90 4.78 15Cr may be the threshold above which rule could
Amara Raja 289.25 302.00 4.41 be invoked.
• Taib Bank investment in Anantraj Industries could
TOP LOSERS come under scanner of ED & IT for violation of FDI
(BSE A-Group) norms.
Previous Current Change • Reliance Industries fined `6600Cr for KG D6 output
Company Name
Close(`) Price(`) (%) fall.
IRB Infra 167.95 149.65 -10.90
US markets
Hero MotoCorp 2245.00 2072.35 -7.69
U.S. stocks fell, amid disappointing service industries
Aditya Birla Nuv 931.10 884.40 -5.02
data and as investors awaited for jobs report to gauge
JUBL FOOD 1183.75 1128.20 -4.69
the pace of growth at the world’s largest economy.
Bank of India 347.80 333.60 -4.08
The S&P 500 retreated 0.8 percent to 1,391.57 while
(BSE Mid-Cap) the Dow Jones Industrial Average declined 61.98 points,
Previous Current Change or 0.5 percent, to 13,206.59.
Company Name
Close(`) Price(`) (%)
Stocks dropped after service industries grew at a
IRB Infra 167.95 149.65 -10.90
slower pace than projected in April, a sign the largest
VIP Inds 93.00 86.75 -6.72 part of the economy may struggle to accelerate. The
TVS Motor 41.50 39.20 -5.54 report overshadowed data showing that jobless claims
Educomp Sol 197.20 186.55 -5.40 fell to 365,000 in the week ended April 28, a one-month
Sintex Inds 71.20 67.45 -5.27 low.
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 / Friday Monday Tuesday Wednesday
Regions 4/May 7/May 8/May 9/May
India Forex Reserves Data
Weekly Supplement
of RBI
US Average Hourly Consumer Credit NFIB Small Business wholesale
Earnings (YoY & Change Optimism Index inventories
MoM) & Average
Weekly Hours
Nonfarm Payrolls ICSC-Goldman Store
Sales
Unemployment Rate
Global UK's RICS Housing Germany trade
Price Balance balance data
Germany's Industrial
Production s.a.
(MoM)
KEYNOTE CAPITALS LTD.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028
Tel. : +9122-30266000 • www.keynotecapitals.com
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.