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Fullerton Securities' Daily Market Newsletter : 12th October 2010

Fullerton Securities' Daily Market Newsletter : 12th October 2010

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Fullerton Securities' Daily Market Newsletter : 12th October 2010

  1. 1. Volume: 1 | Issue: 375| October 12, 2010 COMMENTARY INDIAN MARKET 11-Oct 08-Oct % Change INDIA BSE Sensex 20,340 20,250 0.44 The Sensex ended the session on Monday with a gain on the back of strong Asian cues which led NSE Nifty 6,136 6,103 0.53 to a gain of 90 points or 0.44%. The Nifty ended higher by 33 points or 0.53%. There was active BSE Midcap 8,396 8,330 0.80 buying seen by funds in metal, auto, oil & gas and consumer durables stocks . According to data BSE Smallcap 10,649 10,512 1.30 available with the Securities and Exchange Board of India (SEBI), foreign institutional investors Nifty Junior 13,210 13,066 1.10 bought scrips worth $181.95 million on Monday. For the month, FII fund inflows have topped the CNX Midcap 9,467 9,404 0.68 $3 billion-mark. The BSE Midcap and BSE Smallcap outperformed the benchmark indices gaining 0.80 and 1.30 percent respectively. GLOBAL MARKETS 11-Oct 08-Oct % Change Of the total 3,078 stocks traded, 1,856 advanced, 1,069 declined and 153 remained unchanged. Dow Jones Ind (USA) 11,010 11,006 0.03 Nasdaq Composite(USA) 2,403 2,402 0.02 GLOBAL MARKETS S&P 500 (USA) 1,167 1,165 0.17 Stocks ended with slight gains Monday as investors shifted their focus towards corporate FTSE 100 (UK) 5,672 5,658 0.26 financial results. The Dow Jones gained nearly 3 points, or less than 0.1%, to close at 11,010 DAX (Germany) 6,310 6,292 0.28 points. The S&P 500 edged up 2 points, while the Nasdaq gained about half a point. Trading Nikkei 225 (Tokyo)* 9,589 9,589 0.00 volumes were light because of a holiday, and stocks mostly traded in a narrow range. Hang Seng (Hong Kong) 23,207 22,944 1.15 Shanghai Comp (China) 2,807 2,739 2.49 Asian markets are trading on a negative note, as commodity companies declined & the yen KOSPI (South Korea) 1,890 1,897 (0.38) strengthened. The Nikkei is down by 0.8% & the Hang Seng is down by 0.3% STI (Singapore) 3,163 3,153 0.32 MSCI Emerging Market 419 418 0.47 * Indicates that the markets were closed. MSCI Frontier Market 571 566 0.75 CORPORATE/ ECONOMY NEWS BOND MARKETS 11-Oct 08-Oct Change The Index of Industrial Production (IIP) figure for the month of August is expected today. 10yr G-Sec Yield 8.06 7.98 0.08 1yr G-Sec Yield 6.85 6.85 0.00 IndusInd Bank reported that its net profit jumped 71 per cent to Rs.133.15 crore in the second LIBOR (6m) 0.46 0.46 0.00 quarter of this financial year on the back of higher interest earnings, as compared to Rs.77.82 LIBOR (1m) 0.26 0.26 0.00 million during the same quarter last year. Interbank Call rate 6.2 5.8 0.41 State-owned National Fertilizers Limited (NFL) said that it has cancelled the contract for the BSE Turnover Rs Cr('000) Sensex 14.7 MW Wind Energy Project in Jaisalmer. 20600 8.0 7.0 Coal miner major Gujarat Nre Coke said that it would invest $450 million in its coal mines in 20500 6.0 Australia to take its total annual production capacity to six million tonnes in the next 5 years. 20400 5.0 4.0 Indian toll-road builder IRB Infra plans to renew its focus on road projects and has dropped 20300 3.0 plans to foray into power, while its cement plans are on hold. 2.0 20200 IT firm Subex announced that the company will infuse between Rs 30 crore and Rs 40 crore 1.0 under the proposed preferential placement. 20100 0.0 5-Oct 6-Oct 7-Oct 8-Oct 11-Oct Vedanta Resources has said that the long-drawn arbitration process for buying the Government’s remaining 49 per cent stake in Balco is over and the group expects to complete the acquisition by the end of this fiscal. NSE Turnover Rs Cr('000) Nifty 6200 25 Tata Housing Development Company Ltd has announced the launch of a new and enhanced 6180 'Shubh Griha' at Vasind under Smart Value Homes Pvt Ltd. The focus is on providing Value and 20 Affordable housing to consumers in the price range of Rs5 to Rs35 lacs. 6160 6140 15 Hindustan Construction Company Ltd has announced that the Company has received an 6120 10 Order from Hindalco Industries Ltd. for Potline Structural Steel Erection works for Aditya 6100 5 Aluminium Project at Sambalpur, Orissa. The value of the contract is Rs. 514.1mn. 6080 6060 0 5-Oct 6-Oct 7-Oct 8-Oct 11-Oct ` Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an investment or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this service or discontinue, temporarily or permanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification, or termination of the information and services provided herein.
  2. 2. Volume: 1 | Issue: 375 | October 12, 2010 CORPORATE NEWS SECTOR 11-Oct 08-Oct % Change Vivimed Labs Ltd has informed that the company has received ‘in-principal’ approval from the Auto 9,888 9,701 1.93 Ministry of Commerce & Industry, for development, operation and maintenance of a sector- Metal 17,665 17,392 1.57 specific special economic zone for chemicals and pharmaceuticals- (Bulk/APIs/Formulations) over Oil & Gas 10,945 10,806 1.29 an area of 131.68 hectares at Srikakulam in Andhra Pradesh. Consumer Durables 6,527 6,484 0.65 PSU 10,553 10,499 0.52 Supreme Infrastructure India Ltd has informed that the company has been awarded Realty 3,910 3,892 0.46 construction-related work orders worth about Rs 85.4 crore. Of the total, Rs 20 crore is from Rolta Healthcare 6,324 6,306 0.29 India and Rs 65.4 crore is from RNA Corp. Bankex 14,220 14,185 0.24 Power 3,307 3,304 0.10 IT solutions company CMC Ltd has posted a consolidated net profit of Rs 43.62 crore, up by about Capital Goods 16,255 16,249 0.04 26 per cent for the quarter September 30, 2010. During the July-September quarter, revenues FMCG 3,626 3,626 (0.01) rose to Rs 271.05 crore from Rs 219.10 crore in the same period previous fiscal. IT 6,045 6,053 (0.12) Teck 3,745 3,757 (0.31) Jaiprakash Associates has entered into an agreement with Dighi Port to set up a 3-million- tonne per annum cement grinding plant at Kutch at an investment of around Rs 600 crore. Patni Computer Systems Ltd, a global IT and BPO services provider, has opened a new ITO delivery (development and support) centre in Suzhou, China. Situated in the Suzhou Software & Technology Park, the facility with a planned capacity of 500 sea ts is Patni’s first centre in China. BSE Upper Circuit Breakers Company Name 11-Oct 08-Oct % Change China’s Sinochem has approached the National Mineral Development Corporation , or NMDC, for a joint bid to acquire Canada’s PotashCorp, the world’s largest fertiliser company by Ahlcon Parenterals 114.9 95.8 20.00 capacity. Entegra 40.5 33.8 20.00 Shilchar Technologies 110.0 100.0 10.00 Malvinder Mohan Singh and Shivinder Mohan Singh-promoted Fortis Global Healthcare 0 Sparsh BPO 78.1 71.0 10.00 Holdings reported that it will acquire the healthcare businesses of Hong Kong-listed Quality Orissa Minerals 44750.0 42619.2 5.00 Healthcare Asia (QHA) for an aggregate consideration of around Rs882 crore. MIC Electronics has entered into a MoU to subscribe the equity capital of Avni Energy Solutions to acquire 51% stake in the company. Core Projects & Technologies (CORE) has signed a MoU with Gujarat Knowledge Society (GKS) BSE Lower Circuit Breakers to impart job-oriented skill up-gradation courses to students from various disciplines in colleges Company Name 11-Oct 08-Oct % Change across Ahmedabad and Surat districts. With this tie up, Core has taken a small but significant step Nu Tek India 45.8 50.9 (10.00) towards educating and enhancing the employment potential of youth in Gujarat. Koutons Retail 117.6 130.7 (10.00) T & I Global 14.7 15.5 (5.00) Steel Strips Wheels has bagged a repeat order from the leading supplier of steel wheels based Parsharti Investment 9.7 10.2 (5.00) in Germany catering to the large European after market. This order is approximately 10,000 Oregon Commercials 189.7 199.7 (5.00) wheels with a foreign exchange earning of nearly Euros 120,000. SSWL is heading towards generating a mutually beneficial long term business relationship with this group. Jaihind Projects has secured orders worth Rs. 94.38 crore. The company has secured order worth Rs. 56.10 crore from Brahmaputra Cracker and Polymer for carrying out mechanical & piping works for ethylene cracker unit (tender-2) for Brahmaputra Petrochemical Complex of Brahmaputra Cracker and Polymer at Lepetkata, Assam. COMMODITY / CURRENCY NEWS COMMODITY 11-Oct 08-Oct % Change Crude Oil (USD/bbl) 81.6 82.8 (1.50) Gold (Rs/10gm) 19,660.0 19,451.0 1.07 Light Sweet Crude Oil on Monday was down by 1.5% at $81.6 per barrel. Gold closed up by 1.07 Silver (Rs/kg) 34,920.0 34,150.0 2.25 % at Rs 19,660 and Silver closed up by 2.25 % at Rs. 34,920. The Indian Rupee closed higher against the dollar at 44.41 as the Indian equity benchmarks ended CURRENCY 11-Oct 08-Oct % Change on negative note. INR / USD 44.41 44.42 (0.02) USD / Euro 1.38 1.39 (0.72) Yen / USD 82.01 82.07 (0.07) Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an investment or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this service or discontinue, temporarily or permanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification, or termination of the information and services provided herein.
  3. 3. Volume: 1 | Issue: 375| October 12, 2010 ECONOMY / POLICY NEWS FUTURES PREMIUM/DISC Cash Futures P/D% India has taken up with the US the issue of export control in high-technology trade, Mcleod Russell 247.4 251.1 1.48 and pressed for a number of Indian units to be removed from its restricted entity Praj Industries 77.0 77.75 1.04 list. GTL Infrastructure 44.6 45.05 1.01 ABG Shipyard 304.5 307.5 0.99 The government has said that it has allowed imports of fish body oil to meet rising JP Power 66.1 66.7 0.98 demand in the country previously crude fish body oil imports would be subjected to BGR Energy 787.8 795.5 0.98 license from the Directorate General of Foreign Trade (DGFT), the refined oil can be freely Hero Honda 1874.2 1830.4 (2.34) imported now this also can be imported freely. Bank Of Baroda 965.5 957.0 (0.88) Ambuja Cement 141.8 141.0 (0.60) India has been ranked 67, way below neighbouring countries like China and Educomp 630.0 626.5 (0.56) Pakistan, in a new global hunger index by the International Food Policy Research M&M 707.5 704.7 (0.40) Institute. Ultra Tech Cement 1101.7 1097.9 (0.35) The Indian animation industry will grow at a compounded annual rate of 30 per cent to reach a market size of $1.7 billion by 2012 and add over three lakh skilled INSTITUTIONAL ACTIVITY (Rs Cr) 06-Oct 05-Oct YTD animators. FII Cash Net 2,285 970 92,814 FII Stock Futures (1,117) (1,176) (6,487) FII Index Futures 286 (725) (9,159) Mutual Fund (424) (325) (24,829) VALUATIONS P/E P/B DIV YLD BSE 24.1 3.8 1.0 NSE 25.5 3.9 1.0 BSE500 Mcap/GDP Ratio 0.67 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % Tata Motors 1,149.7 4.05 CMC 2,375.7 17.93 Entegra 40.5 20.00 Sterlite Industries 179.4 3.13 Chambal Fertilizers 81.7 10.19 Jindal Poly 1,287.3 19.23 Reliance Communications 184.2 2.08 Rashtriya Chemicals 93.1 8.44 Geodesic 114.2 15.01 Reliance Infra 1,096.1 2.06 REI Agro 23.6 8.01 Garware Poly 284.4 13.06 Tata Steel 639.9 2.06 Nirma 240.5 7.15 Uflex 254.6 11.01 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % Bharti Airtel 343 -2.48 Indiabulls Financials 175.4 -4.10 Comfort Intech 14.1 -11.91 Hindustan Unilever 293 -0.83 Apollo Hospitals 510.5 -3.85 Koutons Retail 117.6 -9.99 HDFC Bank 2,386 -0.73 Praj Industries 77.2 -3.68 LGS Glob 74.3 -7.41 NTPC 213 -0.61 Binani Cement 99.0 -3.42 JMD Telefilms 63.6 -6.54 ACC 1,015 -0.28 Radico Khaitan 175.0 -3.39 Ramsarup Industries 49.7 -4.61 BULK DEALS SCRIPT NAME CLIENT NAME TYPE QTY % PRICE NSE Raj Packaging Rajesh Sumatibhai Mehta BUY 0.99% 170.1 Networth Stock Pushpaben Gadhecha BUY 0.84% 54.0 Kinetic Motor Company Jmp Securities BUY 0.72% 47.7 Sujana Towers Satyasai Ivnestments SELL 1.08% 131.0 VIP Industries Crosseas Capital Services SELL 0.75% 680.1 BSE Nu Tek India Trans Financial Resources BUY 2.59% 46.91 Rainbow Papers Orient Newsprint BUY 2.87% 55.6 Trigyn Technologies Chander Kanta BUY 1.35% 31.1 Xpro India Mansi Share & Stock Advisors SELL 0.61% 73.12 Southern Petro Ind Corp Asset Reconstruction Company SELL 1.20% 22.69 Disclaimer: This document is compiled by Epitome Global Services Private Limited exclusively for Fullerton Securities & Wealth Advisors Ltd (FSWA) customers. This document is not for public distribution and has been furnished to you solely for your information and you are notified that you should not further copy, modify, use or distribute the information in any way unless you obtain written consent from FSWA. While reasonable care to compile the document but the accuracy and completeness cannot be guaranteed either by FSWA or any other person or entity associated with it. The document is prepared only for your information and is not sufficient for making an investment decision. You should rely on your own investigations and seek professional advice for investment decision. Neither FSWA nor any person connected with it, accepts any liability either arising from the use of this document or due to any inadvertent error in the information contained in this document. Financial investments carry risks including principal risk and therefore you should seek professional advice prior to making any investment decision. The risk of any losses occurring by use of this report or document will be entirely yours. The investments covered in this report are not guaranteed. Also past performance of an investment or fund is not an indication of future performance. FSWA, its affiliates, or associates, or any regulatory or other body or entity assumes no liability or responsibility for investment results or losses arising out of investment decisions made by you. This document is not to be considered as an offer to sell or a solicitation to buy any security or financial product. FSWA reserves the right to modify or alter the terms and conditions of the use of this service or discontinue, temporarily or permanently, the information and services provided (or any part thereof) at any time, with or without prior notice and FSWA shall not be liable to you for any suspension, modification, or termination of the information

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