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Daily Newsletter: 20th July, 2011

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Daily Newsletter: 20th July, 2011

  1. 1. July 20, 2011Volume: 1 | Issue: 389| November 1, 2010INDIAN MARKET 19-Jul 18-Jul % Change COMMENTARYBSE Sensex 18,654 18,507 0.79 INDIANSE Nifty 5,614 5,567 0.84 The markets had a decent session with the key indices advancing after two days of losses. The NSE NiftyBSE Midcap 7,051 7,022 0.41 ended above 5600 for the first time in five days as investors cheered a solid recovery in the European equityBSE Smallcap 8,463 8,394 0.82 markets. Tuesday’s upswing was led by IT, Telecom and Realty stocks while the mid-cap and the small-capNifty Junior 11,416 11,414 0.01 indices also posted modest gains. Railways-related stocks were in the limelight with stocks like Kernex Micro and Kalindee Rail surging over 6% each. On the other hand, Auto, Capital Goods and Power stocks wereCNX Midcap 8,213 8,197 0.19 under some pressure. Technically, the NSE Nifty has found strong support at its 100 DMA (5570 level), indicating further upside in the coming days. Finally, the BSE Sensex ended at 18,654 gaining 147 points. It had earlier touched a days high of 18,690 and a days low of 18,481. The NSE Nifty closed at 5,614, adding 47GLOBAL MARKETS 19-Jul 18-Jul % Change points.Dow Jones Ind (USA) 12,587 12,385 1.63 The BSE market breadth was marginally positive. Out of 3,004 stocks traded, 1,642 advanced while 1,228Nasdaq Composite(USA) 2,827 2,765 2.22 declined in trade.S&P 500 (USA) 1,327 1,305 1.63FTSE 100 (UK) 5,790 5,753 0.65DAX (Germany) 7,193 7,108 1.19 GLOBAL MARKETSNikkei 225 (Tokyo) 9,890 9,975 (0.85) US stocks surged, sending the Standard & Poor’s 500 Index to its biggest gain in four months, and Treasuries rallied amid optimism lawmakers were moving closer to a deal that would cut the U.S. budget deficit andHang Seng (Hong Kong) 21,904 21,805 0.46 avoid default. Oil helped lead gains in commodities and the dollar fell. The S&P 500 jumped 1.6 percent toShanghai Comp (China) 2,798 2,817 (0.66) 1,327, its biggest gain since March 3. DJIA gained 1.6 percent to close at 12,587 and Nasdaq gained 2.2KOSPI (South Korea) 2,130 2,130 (0.01) percent to close at 2,827.STI (Singapore) 3,096 3,079 0.56MSCI Emerging Market 432 432 (0.10) Asian markets are trading positive on optimism that U.S. lawmakers will reach an agreement to cut theMSCI Frontier Market 531 542 (2.03) budget deficit, and after Apple Inc.’s profit topped estimates, boosting the earnings outlook for exporters. Nikkei is up 1.3 percent, Hang Seng is up 0.4 percent, Strait Times and Shanghai are up 0.3 percent each.BOND MARKETS 19-Jul 18-Jul Change10yr G-Sec Yield 8.25 8.24 0.01 CORPORATE/ ECONOMY NEWS1yr G-Sec Yield 8.23 8.23 0.00 Indias third-largest lender, HDFC Bank, posted a 33.6% rise in Q1 profit, beating street estimates, onLIBOR (6m) 0.36 0.36 0.00 strong loan demand and fees income. The bank said its net profit in the June quarter rose to Rs 1,085LIBOR (1m) 0.16 0.16 0.00 crore ($243 million) from Rs 812 crore rupees a year ago. The total income has increased to Rs 7,098 cr.Interbank Call rate 7.50 7.52 (0.02) Hit by high raw material costs, Hinduja Group flagship company Ashok Leyland have reported a 29.67% decline in net profit for the quarter ended June 30 to Rs 86.25 crore. The company had posted a net profit of Rs 122.64 crore for the April-June quarter last fiscal. Net sales during the first quarter of this BSE Turnover Rs Cr(000) Sensex fiscal stood at Rs 2,495.5 crore, as against Rs 2,347.97 crore in the year- ago period, up 6.28%. 18700 3.0 Diamond Power Infrastructure has bagged orders worth Rs 115 crore from various firms, including 18650 2.5 L&T, for supply of cables and conductors. The orders are expected to be executed over a period of 12 18600 2.0 months. 18550 1.5 Sun Pharmaceutical Industries said it has received the US health regulators nod to market Alfuzosin 18500 1.0 Hydrochloride tablets, used in the treatment of prostatic hyperplasia, in the American market. 18450 0.5 The much-awaited initial public offer of Navin Jindal-led Jindal Power Ltd, which is expected to rake in 18400 0.0 up to Rs 7,000 crore, may hit the capital market around October this year according to a report. 13-Jul 14-Jul 15-Jul 18-Jul 19-Jul Piramal Healthcare, which sold its generics unit to Abbott Laboratories for $3.8 billion (Rs 17,190 crore) last year, is taking its second step to transform into a financial services conglomerate as it negotiates to buy Enam Financials stake in ING Life Insurance. NSE Turnover Rs Cr(000) Nifty 5620 14 The government will now latch conditions to its approval of a $7.2-billion deal between Reliance 5610 12 Industries and Britains BP Plc, notably one that requires the two companies to give an assurance that 5600 10 they would reverse declining gas output in the key KG-D6 block. 5590 88.38 #DIV/0! 8 5580 Bajaj Auto is planning to set up its fourth and largest plant near the Mundra port in Gujarat. The plant 6 will also manufacture the long-awaited passenger car the company is developing with Nissan-Renault. 5570 5560 4 5550 2 5540 0 13-Jul 14-Jul 15-Jul 18-Jul 19-Jul
  2. 2. July 20, 2011 Volume: 1 | Issue: 389| November 1, 2010SECTOR 19-Jul 18-Jul % Change CORPORATE NEWSCD 7,033 6,935 1.42% Cisco Systems plans to cut 15% of its jobs and sell a factory as part of a plan to cutIT 5,877 5,809 1.17% annual expenses by $1 billion as the network equipment maker tries to revive itsTECk 3,591 3,550 1.16% fortunes.REALTY 2,231 2,206 1.12%METAL 14,812 14,680 0.90% Oberoi Realty Ltd said on Tuesday that an agreement signed by its joint ventureOIL&GAS 9,173 9,092 0.89% partner Siddhivinayak Realties Pvt Ltd (SRPL) with V Hotels Ltd to purchase a hotel property in Mumbai has been terminated.BANKEX 12,936 12,845 0.71%FMCG 4,073 4,049 0.59% Technology giant IBM has reported an 8.28% rise in net income to $3.66 billion for theHC 6,504 6,466 0.59% April-June quarter of 2011, driven by the robust performance of all major productPSU 8,594 8,563 0.37% categories such as software, services and hardware.CG 13,690 13,707 -0.13%POWER 2,601 2,608 -0.26% Zydus Cadila, an Ahmedabad-based pharmaceutical major, has posted a rise of 15 perAUTO 8,862 8,900 -0.43% cent in its consolidated net profit at Rs 230 crore for the first quarter ended June 30, 2011 Power and automation technology group ABB has won an order worth about $15 million from Japanese pump manufacturer, Torishima Pump, to provide a turnkey electrical control and instrumentation solution for a new pumping station under construction in Saudi Arabia. The order was booked in the second quarter.BSE Upper Circuit BreakersCompany Name 19-Jul 18-Jul % Change Godrej Properties, a Mumbai-based real estate developer, has entered into a jointKOTHARI PRODUCTS 582.4 485.3 20.00 venture with Godrej & Boyce to develop residential projects in Hyderabad and Thane.ATLAS CYCLES (HARYANA) 374.0 311.7 20.00TTK HEALTHCARE 517.7 431.4 20.00 Standard Chartered Banks private equity arm said on Tuesday it has invested $56NILE 220.6 200.6 10.00 million in Varun Beverages International Ltd (VBIL), a distributor of PepsiCo Inc 0AVT NATURAL PRODUCTS 380.8 362.7 5.00 beverages. The Steel Authority of India (SAIL) said that amalgamation of Maharashtra Elektrosmelt Ltd (MEL) with the company has been done and MEL stands dissolved. In a major setback to Vedanta Aluminium Limiteds plan for expansion of its refinery and captive power units in Kalahandi district, the Orissa High Court today upheld theBSE Lower Circuit Breakers Center’s decision of stalling the expansion bid and withdrawing the terms of referenceCompany Name 19-Jul 18-Jul % Change (ToR) granted to the company.SHREE GLOBAL TRADEFIN 312.9 329.4 (5.00)JAYBHARAT TEXTILES & REAL ESTATE 219.5 231.0 (5.00) Greenply Industries Ltd., leader in plywood and laminate industry in India, hasVSF PROJECTS 107.8 113.4 (5.00) reported net sales of Rs. 3.52bn for the quarter ended June 30th, 2011, registering aACROW INDIA 142.4 149.9 (5.00) growth of 34.44% as against Rs.2.62bn posted in the same period of the last fiscal. Net Profit for the quarter stood at Rs. 129.6mn, as compared to Rs. 103.9mn posted inMEFCOM AGRO INDUSTRIES 10.7 11.2 (5.00) the corresponding quarter of last fiscal, registering a growth 24.69%. NIIT Technologies Ltd has announced its financial results for the quarter ended June 30, 2011, showing consolidated revenues increase 4.15% QoQ to 328.8 Crores. Jindal Steel & Power Ltd has announced that Jindal Steel and Power (Australia) Pty Ltd. (JSPA), a step down wholly owned subsidiary of the Company, has informed that on- market takeover offer for all of the shares in Rocklands Richfield Ltd. (Rocklands), listed on Australian Stock Exchange (ASX code: RCI) was closed on July 05, 2011. During the offer period, JSPA had purchased an additional 12.83% stake in Rocklands Richfield Ltd. (Rocklands) at a revised offer price of AUD $ 0.30/- per share thereby increasing its stake from 14.46% to 27.29%.COMMODITY 19-Jul 18-Jul % Change COMMODITY / CURRENCY NEWSBrent Crude Oil (USD/bbl) 118 116 1.24 (1.33) Brent Crude Oil ended up at $,117.6 per barrel. Gold closed down by 1.3% at Rs 22,961Gold (Rs/10gm) 22,961 23,271 and silver closed down by 2.2% at Rs 58,956.Silver (Rs/kg) 58,956 60,300 (2.23)CURRENCY 19-Jul 18-Jul % Change The Indian Rupee closed higher against the dollar at Rs 44.49 as the Indian equityINR / USD 44.49 44.56 (0.16) benchmarks ended on a positive note.USD / Euro 1.41 1.40 0.71Yen / USD 78.98 79.03 (0.06)
  3. 3. July 20, 2011 Volume: 1 | Issue: 389| November 1, 2010FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWSINDIAINFO 87.4 88.3 1.03 US government-owned financial entity Overseas Private Investment Corp (OPIC)TRIVENI 36.5 36.8 0.82 plans to invest up to $820 million (about Rs 3,600 crore) in the fast- growing IndianPOLARIS 172.0 173.4 0.81 renewable energy sector by the end of 2011. As part of efforts to boost clean energyGMRINFRA 31.3 31.5 0.80 initiatives, OPIC will make investments to the tune of $520 million in IndiasGMDCLTD 158.6 159.9 0.79 renewable energy sector, including the solar segment, OPIC President and CEOOIL 1278.4 1,288.5 0.79 Elizabeth Littlefield said yesterday.PIRHEALTH 405.8 393.0 (3.17) Domestic construction firms inked contracts worth just Rs 3,810 crore in the first 15TATACHEM 384.0 375.3 (2.28) days of July, over 72 per cent lower than the order intake in the preceding fortnight,ORBITCORP 45.7 44.9 (1.75) as per data compiled by IDFC Securities. Construction firms order intake stood at RsGESHIP 278.0 273.7 (1.56) 13,730 crore between June 16 and June 30, out of which Larsen & Toubro accountedSUNTV 327.5 323.2 (1.31) for contracts with a cumulative value of Rs 5,500 crore.ZEEL 127.0 125.4 (1.26) Mining without licence is likely to attract a penalty of up to Rs 25,000 per hectare orINSTITUTIONAL ACTIVITY (Rs Cr) 08-Jul 07-Jul YTD two years imprisonment or both, and failure to implement mines closure plans isFII Cash Net 474 676 13,328 likely to cost Rs 1,000 per day per hectare, according to recommendation of a GoM.FII Stock Futures (699) (17) (6,298)FII Index Futures (562) 601 14,733 India produced a record quantum of wheat and pulses in the 2010-11 crop year,Mutual Fund (45) (248) 3079..2 ending June, at 85.93 million tonne (MT) and 18.09 MT, respectively, on the back of a good monsoon and higher support prices for farmers. According to fourth advance estimates prepared by the Agriculture Ministry, theVALUATIONS P/E P/B DIV YLD country is estimated to have harvested 95.32 MT of rice and 42.22 MT of coarseBSE 19.6 3.4 1.4 cereals in the 2010-11 crop year (July-June), sources said.NSE 19.9 3.5 1.1BSE500 Mcap/GDP Ratio 0.57 MOVERS & SHAKERS 4.91TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs %DLF 239.85 2.09 Prestige Estates 133.9 6.95 Kothari Prod 582.35 20.00Sterlite Inds 166.5 1.77 COX KINGS 205.95 6.77 TTK Healthcare 517.65 19.99Tata Power 1314.9 1.62 JM Financial 23.9 5.99 SMIL 36.95 19.97SBI 2511.6 1.59 Jyothy Lab 243.65 5.87 Sterling Hol Res 122.9 19.96Infosys 2753.35 1.45 Delta Corp 112.75 5.62 Hercules Hoist 327.8 16.06TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs %Tata Motors 983.95 -3.16 Zydus Wellness 646.2 -7.62 Global Offshore 119.05 -5.74Hero Honda 1795.35 -1.22 Himadri Chem 51.2 -5.97 Sanghi Inds 16 -5.04Maruti Suzuki 1162.9 -0.79 GTL 81.1 -5.86 Modern India 53 -5.02HDFC Bank 510.8 -0.7 Shree Global Trd 312.9 -4.99 SV Electricals 42.5 -4.92Hindustan Unilever 331 -0.42 SKF India 650 -4.61 NEWINFRA 28.5 -4.84 BULK DEALSSCRIP NAME CLIENT NAME TYPE QTY % PRICENSEMindTree Limited Coffee Day Resorts Pvt Ltd BUY 5.68% 428.0MindTree Limited Ashok Soota SELL 5.50% 428.0Bharat Forge Ltd Barclays Capital Mauritius Limited SELL 0.55% 307.6Balrampur Chini Mills Balrampur Chini Mills Ltd BUY 0.86% 62.9Balrampur Chini Mills Barclays Capital Mauritius Limited SELL 0.87% 61.9BSEAarey Drugs Thakorlal Atma Ram Modi BUY 1.23% 21.5ACROPET TEC Oudh Finance & Investment BUY 0.80% 17.0Zenu Infotech Anuradha Pankaj Dhoot SELL 2.25% 38.0Tata Coffee A K G Securities And Consultancy Ltd BUY 0.66% 882.2RCL FOODS Span Stock Broking SELL 0.65% 54.1

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