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Daily Newsletter: 14th January, 2011

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Daily Newsletter: 14th January, 2011

  1. 1. January 14, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 12-Jan 12-Jan % Change COMMENTARYBSE Sensex 19,183 19,534 (1.80) INDIANSE Nifty 5,752 5,863 (1.89) After a strong pull back in the previous trading session, bulls were unable to maintain the momentum.BSE Midcap 7,310 7,369 (0.80) However, the NSE Nifty managed to end above the 5750 levels thanks to some buying seen in the RealtyBSE Smallcap 9,088 9,147 (0.65) stocks.The banking stocks were the top losers, the index witnessed a steep selloff as it fell 3.5%. TelecomNifty Junior 11,461 11,501 (0.35) and the Consumer Durables stocks were among the other major laggards. FMCG, Realty and Power areCNX Midcap 8,325 8,377 (0.63) relatively better off.The BSE Sensex lost 351 points to close at 19,183 and the NSE Nifty slipped 111 points to close at 5,752.The broader indices also ended in red, the BSE Mid-Cap index was down 0.8% and BSE Small-Cap index was down 0.7%.GLOBAL MARKETS 12-Jan 12-Jan % Change Market breadth was negative, 1693 stocks declined for 1104 stocks which advanced.Dow Jones Ind (USA) 11,732 11,755 (0.20)Nasdaq Composite(USA) 2,735 2,737 (0.07) GLOBAL MARKETS.S&P 500 (USA) 1,284 1,286 (0.16) U.S. stocks fell, sending benchmark indexes lower for the first time in three days, as jobless claimsFTSE 100 (UK) 6,024 6,051 (0.45) climbed more than economists estimated and concern about a slowdown in Chinese demand draggedDAX (Germany) 7,075 7,069 0.08 down commodity producers.Stocks fell as Labor Department data showed that initial jobless claims roseNikkei 225 (Tokyo) 10,590 10,513 0.73 by 35,000 to 445,000 in the first week of the year.The Standard & Poor’s 500 Index retreated 0.2 percentHang Seng (Hong Kong) 24,239 24,125 0.47 to 1,284 , after yesterday rising to the highest since August 2008. The Dow average decreased 23.54 points, or 0.2 percent, to 11,732.Shanghai Comp (China) 2,828 2,821 0.25KOSPI (South Korea) 2,089 2,095 (0.28) The Asian markets have opend up on mixed note Nikkei has opened nagative and Hang SengSTI (Singapore) 3,256 3,245 0.34 is marginally up by 0.40%MSCI Emerging Market 456 434 5.07MSCI Frontier Market 603 605 (0.33)BOND MARKETS 12-Jan 12-Jan Change CORPORATE/ ECONOMY NEWS10yr G-Sec Yield 8.16 8.18 (0.02) J B Chemicals & Pharmaceuticals’ profit after tax (PAT) rose 28.95 per cent to Rs 38.12 crore during the1yr G-Sec Yield 7.48 7.48 0.00 third quarter ended December 31, 2010 from Rs 29.56 crore in the same period corresponding fiscal.NetLIBOR (6m) 0.46 0.46 0.00 sales stood at Rs 216.67 crore against Rs 198.07 crore.LIBOR (1m) 0.26 0.25 0.01Interbank Call rate 6.3 6.3 (0.01) Driven by better account management, healthy addition of new clients and strong growth in Europe, Infosys Technologies, India’s second largest IT exporter, has posted a 14.2 per cent growth in its net profit to Rs 1,780 crore in the quarter ended December 31, 2010 when compared with the corresponding quarter in the previous fiscal (Rs 1,559 crore).During the period under review, the IT BSE Turnover Rs Cr(000) Sensex bellwether’s revenue went up by 23.8 per cent to Rs 7,106 crore when compared with the same quarter in 19800 4.2 fiscal 2009-10 (Rs 5,741 crore). Earnings per share was Rs 31.15 for the quarter which is a year on year (YoY) 19700 increase of 14 per cent. 4.0 19600 19500 3.8 Snapping the five-week rising trend, food inflation softened to 16.91 per cent for the week ended 19400 January 1, 2011, although vegetables, onions and protein-based items continued to remain 3.6 19300 costly.The food inflation fell by 1.41 percentage points from 18.32 per cent recorded in the 19200 3.4 previous reporting week. 19100 3.2 19000 Steel Authority of India (SAIL), the countrys largest steel producing company, posted a 33.9 per cent 18900 3.0 decline in its net profit at Rs 1,107.47 crore for the fourth quarter ended December 31, 2010.The company 7-Jan 10-Jan 11-Jan 12-Jan 13-Jan had a net profit of Rs 1,675.55 crore in the same period last fiscal. Bharti Airtels Kenyan unit has added 2 million users to its network since slashing tariffs in August last year, doubling its active customer base to 4 million. NSE Turnover Rs Cr(000) Nifty 6000 16 State gas utility GAIL India has signed contracts to buy two cargoes of LNG from RasGas of Qatar to meet 5950 15 rising energy demand this winter season. 5900 5850 15 88.38 #DIV/0! Information technology company CMC, a subsidiary of Tata Consultancy Services (TCS), today posted a 25 5800 14 per cent jump in net profit to Rs 45.37 crore in the third quarter driven by healthy growth in its 5750 14 international business.The companys net profit for the corresponding October-December period last year 5700 was Rs 36.25 crore. 5650 13 5600 13 Corporate leader Reliance Industries (RIL) said that it will announce its third quarter numbers on January 7-Jan 10-Jan 11-Jan 12-Jan 13-Jan 21. `
  2. 2. January 14, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 12-Jan 11-Jan % Change CORPORATE NEWSRealty 2,596 2,582 0.54 Birla Corporation Ltd on Thursday signed a Memorandum of Understanding with theFmcg 3,619 3,628 (0.27) Assam Mineral Development Corporation, a state government undertaking, to set up a 1Auto 9,478 9,507 (0.30) million tonne greenfield cement plant in Assam. The flagship company of the M P BirlaPower 2,841 2,856 (0.54) Group said in a statement that the project would cost Rs 450 crore.Cg 14,084 14,172 (0.62) (0.70) Indian Hotels Company that owns the Taj brand of luxury hotels, on Thursday said itHc 6,530 6,576 will open 43 new properties in the next four years.Psu 8,883 8,974 (1.01)Oil&Gas 10,125 10,238 (1.10) Tata Steel may launch its follow-on public offer (FPO) later this month, the companyMetal 16,782 16,991 (1.23) today said it does not require issuing warrants to the tune of Rs 1,100 crore approvedCd 6,014 6,181 (2.70) recently by the government.Teck 3,831 3,939 (2.76)It 6,445 6,672 (3.41) On the heels of 4.5 per cent hike in CNG prices, Indraprastha Gas Ltd may raise theBankex 12,170 12,616 (3.53) rates by another Rs 8 per kg this year, as the company is forced to buy expensive imported liquefied natural gas (LNG) in the absence of allocation from domest ic fields. Indian Oil Corporation formally entered into an agreement with Nuclear Power Corporation to set up power plants across the country. Film distribution and production house PVR Pictures, a 60 per cent subsidiary of theBSE Upper Circuit Breakers listed PVR, will invest around Rs 100-125 crore in FY 12 to up its distribution activitiesCompany Name 12-Jan 11-Jan % Change and production of 3-4 Bollywood movies.United VAN Der 22.0 20.0 10.00Lords Chemicals 103.8 94.4 10.00 Public sector Hindustan Machine Tools (HMT) is eyeing a turnover of between Rs 325SEL Manufacturing 22.1 21.0 5.00 crore and Rs 350 crore a year to break even.Gandhinagar Hotels 196.8 187.5 5.00 0 Steel Authority of India (SAIL) will launch its follow-on share sale in the second weekParekh Aliminex 317.7 302.6 5.00 of February. Jet Airways expects to grow its domestic revenue by 15 per cent and international revenue by up to 20 per cent over the next five years. Stated-owned Infrastructure Development Finance Company (IDFC) said that it mayBSE Lower Circuit Breakers come out with a third public offer of its long-term infrastructure bonds in March if theCompany Name 12-Jan 11-Jan % Change sanctioned amount of Rs 3,400 crore is not reached in the upcoming offer.Shekhawati 38.0 47.5 (20.00) Engineering major Larsen and Toubro (L&T) said that it has delivered its first four DryKEN Financials 125.5 132.1 (5.00) Shielded Canisters for Transnuclear, a US-based nuclear power operator.Neha International 87.9 92.6 (5.00)Bheema Cements 38.1 40.1 (5.00) Binani Cement have said that it has signed a Memorandum of Understanding (MoU)Spectacle Infotech 26.0 27.4 (5.00) with the Gujarat government to set up a 610 MW power plant, a captive jetty and 5 million tonnes per annum (mtpa) cement making facility entailing an investment of Rs 4,200 crore. The Essar group is studying the acquisition of 5 per cent of Spanish oil giant Repsol, worth 1.3 billion euros ($1.70 billion) at current market prices.COMMODITY 12-Jan 12-Jan % Change COMMODITY / CURRENCY NEWSCrude Oil (USD/bbl) 91.0 91.7 (0.82)Gold (Rs/10gm) 20,440.0 20,408.0 0.16Silver (Rs/kg) 44,630.0 44,909.0 (0.62) Light Sweet Crude Oil on Thrusday was down by 0.82% at $91 per barrel. Gold closed up by 0.16% at Rs 20,440 and Silver closed down by 0.62% at Rs. 44,630.CURRENCY 12-Jan 12-Jan % Change The Indian Rupee closed lower against the dollar at 45.24 as the Indian equityINR / USD 45.24 45.13 0.24 benchmarks ended on negative note.USD / Euro 1.33 1.30 2.31Yen / USD 82.71 83.35 (0.77)
  3. 3. January 14, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSGTL 415.8 419.8 0.95 The global economy in 2011 and 2012 is shifting into a phase of slower but solidRUCHISOYA 105.3 106.1 0.76 growth, with India and China contributing towards almost half of the globalGESHIP 331.4 333.7 0.68 growth, says the World Bank’s latest Global Economic Prospects 2011 report.HOTELEELA 44.3 44.6 0.68ORBITCORP 69.2 69.6 0.65 The state-run Gujarat Maritime Board (GMB) have signed Memorandum ofORCHIDCHEM 287.5 289.4 0.64 Understandings (MoUs) worth over Rs 1 lakh crore with various companies forSAIL 172.3 170.1 (1.28) enhancing its cargo handling capacity and building of shipyards, at the VibrantCHENNPETRO 227.3 224.9 (1.06) Gujarat Summit (VGS) 2011.ACC 1038.1 1,027.2 (1.05)DCHL 103.0 102.1 (0.87) BlackBerry-maker Research In Motion (RIM) said on Thursday it had given a solution ahead of a January 31 target date that enables Indian wireless carriers lawful accessEDUCOMP 517.0 512.8 (0.82) to consumer services including the BlackBerry Messenger, but excluding access toPFC 286.0 284.2 (0.65) corporate emails.INSTITUTIONAL ACTIVITY (Rs Cr) 4-Jan 3-Jan YTDFII Cash Net 779 428 131,633FII Stock Futures (487) (296) 12,779FII Index Futures 109 (82) (8,006)Mutual Fund (293) (90) (28,566)VALUATIONS P/E P/B DIV YLDBSE 22.1 3.6 1.1NSE 22.9 3.6 1.1BSE500 Mcap/GDP Ratio 0.64 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERSName Rs % Name Rs % Name Rs %Tata Motors 1,235.65 1.58 Glodyne Tech 603.65 6 PVP Vent 14.54 9.74ONGC 1,199.30 1.04 Dewan Housing 250.9 4.83 Sahara One 163 8.78DLF 265.10 0.60 City Union Bank 45.5 4 AP Paper 169.25 8.29Reliance Communications 138.00 0.14 Manappuram Gen 135.9 3.31 Lloyds Steel 17.44 6.8- - - JUBL FOOD 595.7 3.29 Venkys India 655.8 6.66TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERSName Rs % Name Rs % Name Rs %Infosys 3,212.30 -4.82 Godfrey Phil 2040 -4.88 Zenith Info 163.8 -13.56SBI 2,560.65 -3.91 Shree Ashtavina 5.11 -4.84 AK Capital 633 -7.21ICICI Bank 1,027.40 -3.88 Jindal South 1306.85 -4.78 Reliance Broadcast Network 78.9 -6.63HDFC Bank 2,142.15 -2.9 Kalpataru Power 152.8 -4.74 Praj Inds 81.5 -5.73Wipro 455.00 -2.67 Techno Elec And Engg 290.25 -4.59 Consolid Constr 53.5 -5.64 BULK DEALSSCRIPT NAME CLIENT NAME TYPE QTY % PRICENSENu Tek India Trans Financial Resources Ltd BUY 3.23% 17.6Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 2.45% 47.6Kalindee Rail Nirman (Eng Crosseas Capital Services Pvt. Ltd. BUY 3.60% 197.5Subex Manish Vrajlal Sarvaiya SELL 1.23% 84.0Fiem Industries Fiem Industries Limited SELL 2.57% 176.0BSEVivimed Labs Niraj Rajnikant Shah BUY 4.54% 304.0Gravita India Crosseas Capital Services BUY 1.50% 266.1Everonn H P Share Shoppe BUY 2.34% 693.5XPRO India Chander Kanta SELL 2.30% 70.3Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0

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