1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Wednesday, October 12, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Oct 10 Oct 11 Change (%) • Indian markets snapped two day winning streak and
closed on negative note as investors turned cautious
Sensex 16,557.23 16,536.47 -0.13%
ahead of Infosys 2nd quarterly results and release of
CNX Nifty 4,979.60 4,974.35 -0.11%
industrial production data. Weak opening of European
BSE Mid-cap 6,040.31 6,069.61 0.49% markets also led the fall in the domestic markets.
BSE IT 5,390.67 5,245.09 -2.70% European markets opened weak after the news that
BSE Banks 10,495.37 10,509.82 0.14% European leaders pushed back a debt- crisis summit
amid opposition to German Chancellor Angela Merkel's
FII Activity (`Cr)
drive for deeper-than-planned writedowns of Greek
Date Buy Sell Net bonds. Sell-off mainly came in the IT stocks as
10-Oct 2471 2190 281 investors sold IT stocks ahead of Infosys results slated
7-Oct 3564 3073 491 tomorrow. Analyst community believes that the
Total Oct 11782 13727 -1945 company will cut the guidance for FY12 and therefore
2011 YTD 495440 499330 -3899
Infosys investors closed 3.2% down ahead of the
results to factor in the fears. Wipro and TCS also slid
MF Activity (`Cr) with Infosys by 2% and 2.3%, respectively. Telecoms
Date Buy Sell Net stocks rallied after a new draft policy unveiled by the
10-Oct 694 500 194 government was seen broadly positive for the once-
booming sector that has struggled in recent years due
7-Oct 739 555 184
to ferocious competition and 2G scam. Other than IT
Total Oct 2907 2753 154
stocks, selling pressure was also seen in oil & gas and
2011 YTD 104101 98721 5652 FMCG stocks. Private-sector lender Dhanlaxmi Bank
Volume & Advances / Declines closed down 9.65%. The stock had slumped 24% at
one stage after an industry union alleged irregularities
NSE BSE
in its accounts, and came off lows after the bank
Trading Volume (`Cr) 11,460 2,710 denied the charges.
Advances 848 1,558
• Market breadth was however strong at ~1.26x as
Declines 613 1,236 investors bought large cap stocks. Both FIIs and
Unchanged 56 115 domestic institutions bought equities worth `1.14bn
Total 1,517 2,909 and `1.08bn, respectively.
Global Markets • Asian equity markets traded lower Wednesday,
following disappointing results from US aluminum
Index Latest Values Change (%)
giant Alcoa and after Slovakia failed to approve an
DJIA 11,416.30 -0.1% expansion of Europe’s giant financial bailout fund.
NASDAQ 2,583.03 0.7% Both the Hang seng and the Nikkei are down today.
Nikkei * 8,715.10 -0.7% • We expect a weak opening for the Indian markets
Hang Seng * 18,066.43 -0.4% following the cues from the Asian markets. Further,
* as of 8.45AM IST investors may remain cautious ahead of the IIP data
today. Investors will also take some cues from Infosys
Currencies / Commodities Snapshot
results in the morning.
Latest Previous
Quote Close Economic and Corporate Developments
Indian Rupee per $ 49.28 49.16 • The government will consider permitting sugar exports
Indian Rupee per € 67.25 66.79 for the current marketing year, which started this
month, only after the Diwali festival.
NYMEX Crude Oil($/bbl) 84.94 85.81
Gold ($/oz) 1,660.60 1,659.70 • The RBI announced 2% interest subsidy on Rupee
export credit to the labour-oriented and small scale
Silver ($/oz) 32.01 31.98
sectors to cushion them from slowdown in the major
markets like the US and Europe.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group) • DLF is looking to raise up to `2,500Cr by selling its
Previous Current Change stake in luxury hospitality chain Aman resorts and
Company Name
Close (`) Price (`) (%) the deal is likely to be closed by December-end.
Wockhardt 401.55 448.10 11.59
• The government will infuse `3,000-4,500Cr in the
JUBL FOOD 754.25 822.30 9.02
State Bank of India (SBI) by the March end to help
Chambal Fert 88.80 95.90 8.00
the lender achieve 8% capital adequacy norm.
Container Corp 933.40 1000.00 7.14
Rashtriya Chem 70.35 74.90 6.47 • NTPC may appoint Deloitte as a consultant on
revamping its operations and human resources
(BSE Mid-Cap) development.
Previous Current Change
Company Name • Tata Power today said it had installed more than 300
Close(`) Price(`) (%)
Wockhardt 401.55 448.10 11.59
MW wind power capacity, spread across four states,
including Gujarat and Karnataka.
JUBL FOOD 754.25 822.30 9.02
HMT 38.85 42.20 8.62 US markets
Chambal Fert 88.80 95.90 8.00 US markets ended mixed in a low-volume session,
Rashtriya Chem 70.35 74.90 6.47 with investors uncertain over earnings season and
Slovakia’s vote on the euro zone’s bailout fund.
TOP LOSERS The Dow Jones Industrial Average finished the day
(BSE A-Group) 16.88 points, or 0.2%, lower at 11,416.30. The S&P
Previous Current Change 500 Index inched up 0.65 point, or 0.1%, to
Company Name
Close(`) Price(`) (%) 1,195.54. The Nasdaq Composite Index climbed
Infosys 2591.30 2509.20 -3.17 16.98 points, or 0.7%, to 2,583.03.
Educomp Sol 277.70 269.25 -3.04
Financial Tech 749.80 727.55 -2.97
Apollo Hosp 501.00 486.15 -2.96
HCL Tech 414.40 402.95 -2.76
(BSE Mid-Cap)
Previous Current Change
Company Name
Close(`) Price(`) (%)
Shri Ganesh Spi 9.12 8.67 -4.93
Network18 63.10 60.75 -3.72
Bayer Crop 844.35 813.20 -3.69
Jyothy Lab 150.35 145.40 -3.29
IPCA Lab 247.60 239.75 -3.17
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