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Daily Newsletter: 12th January, 2011

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Daily Newsletter: 12th January, 2011

  1. 1. January 12, 2011 Volume: 1 | Issue: 389| November 1, 2010 INDIAN MARKET 11-Jan 10-Jan % Change COMMENTARY BSE Sensex 19,196 19,224 (0.15) INDIA NSE Nifty 5,754 5,763 (0.16) Bears continued their onslaught on Dalal Street for the sixth straight day as the key stock indices drifted BSE Midcap 7,247 7,296 (0.67) lower in a highly volatile late trade. Market sentiment continues to be shaky amid outflows from BSE Smallcap 9,019 9,099 (0.88) FIIs, concerns on rising inflation, possibility of another rate hike and lack of progress in key reforms. The Nifty Junior 11,322 11,331 (0.08) start was pretty good, with the BSE Sensex and the NSE Nifty hitting the day's highs early on. But they CNX Midcap 8,260 8,286 (0.31) could not sustain those gains and instead turned quite choppy. A sharp cut in late afternoon saw the two indices sink to day's lows before a late recovery pulled them up again.All eyes will be on the IIP number today and Infosys' results on tommorrow. Weekly food inflation data and December's inflation report will also have an impact on sentiment.The Sensex lost 28 points to close at 19,196 and the NSE GLOBAL MARKETS 11-Jan 10-Jan % Change Nifty slipped 9 points to close at 5,754. Dow Jones Ind (USA) 11,672 11,637 0.30 The broader indices also ended in red, the BSE Mid-Cap index was down 0.7% and BSE Small-Cap index Nasdaq Composite(USA) 2,717 2,707 0.37 was down 0.9%. S&P 500 (USA) 1,274 1,269 0.42 FTSE 100 (UK) 6,014 5,956 0.97 DAX (Germany) 6,942 6,857 1.24 Nikkei 225 (Tokyo) 10,511 10,541 (0.28) GLOBAL MARKETS. Hang Seng (Hong Kong) 23,760 23,527 0.99 Stocks finished in the positive territory on Tuesday as European debt concerns eased and fourth-quarter reporting season got off to a promising start.The Dow Jones Industrial Average advanced 34 points, or Shanghai Comp (China) 2,805 2,792 0.48 0.3%, to close at 11,672. Earlier in the session, the index, which had fallen in the three prior sessions, ran KOSPI (South Korea) 2,088 2,081 0.35 as high as 11,704. The S&P 500 tacked on 5 points, or 0.4%, to settle at 1274, and theNasdaq STI (Singapore) 3,241 3,230 0.36 Composite gained 9 points, or 0.3%, at 2717. MSCI Emerging Market 432 431 0.15 MSCI Frontier Market 601 598 0.50 The Asian markets have opened up on a positive on back of strong closing by European & US markets. Nijjei 225 is up by 0.50% and Hang Seng is up by 0.60%. BOND MARKETS 11-Jan 10-Jan Change CORPORATE/ ECONOMY NEWS 10yr G-Sec Yield 8.19 8.22 (0.03) Parsvnath Developers Ltd said on Tuesday it has signed an agreement with SUN-Apollo India Real Estate 1yr G-Sec Yield 7.48 7.48 0.00 Fund LLC, for an investment in a residential project at Ghaziabad, Uttar Pradesh.SUN-Apollo will invest LIBOR (6m) 0.46 0.46 0.00 upto Rs 100 crore for a 49.9 per cent stake in the project's special purpose vehicle, Parsvnath Buildwell LIBOR (1m) 0.25 0.26 (0.01) Private Ltd. Interbank Call rate 6.3 6.3 (0.02) Biocon Ltd on Tuesday said initial data from late-stage clinical trials on its experimental oral insulin drug for diabetes did not meet the desired results, but said it was committed to the global development of the drug.In the final-stage trials being conducted in India, IN-105 did not meet its primary target of lowering BSE Turnover Rs Cr('000) Sensex HbA1c levels, or a haemoglobin count, in patients with type 2 diabetes. 20400 4.2 20200 Tata Steel is set to go to the capital market to raise up to Rs 5,000 crore, via a follow-on public offer (FPO). 4.0 An announcement is likely by January 19. 20000 19800 3.8 19600 Reliance Brands will bring outdoor sports fashion brands Quiksilver and Roxy to the subcontinent this 3.6 19400 year. The Reliance Industries subsidiary has signed a 25-year agreement with California-based Quiksilver 19200 3.4 Holdings to open and operate its stores across India , Sri Lanka, Nepal and Bangladesh. 19000 3.2 18800 ICICI Venture Funds sold off its remaining 10% holdings in water management company VA Tech Wabag 18600 3.0 for more than 160 crore, making a total return of nearly 7-8 times its investments in about five years. 5-Jan 6-Jan 7-Jan 10-Jan 11-Jan Tata Steel said that it has registered 4.8 per cent dip in sales for the third quarter (Q3) this fiscal, to 5.9 million tonnes, mainly on seasonal demand slowdown in Europe.With an annual capacity of over 27 million tonnes, Tata Steel had sold 6.2 million tonnes steel during the same quarter (October-December) NSE Turnover Rs Cr('000) Nifty of 2009-10 fiscal. 6200 15 6100 India's leading carmaker Maruti Suzuki India expects to manufacture 1.2 million vehicles in the current 14 6000 fiscal. 5900 88.38 14 #DIV/0! Hyderabad-based textile firm, Suryavanshi Spinning Mills, is eyeing revenue of Rs 500 crore by 2013-14 5800 13 and has planned a total capex of around Rs 130 crore to fuel its expansion plans. 5700 13 5600 Drug firm Pfizer said its net profit rose by 71.64 per cent to Rs 43.58 crore for the fourth quarter ended 5500 12 November 30, 2010, over the same period corresponding fiscal.The company had a net profit of Rs 25.39 5-Jan 6-Jan 7-Jan 10-Jan 11-Jan crore in the same period previous fiscal.Net sales of the company stood at Rs 235.84 crore for the quarter ended November 30 2010, compared to Rs 194.94 crore in the corresponding period last fiscal. `
  2. 2. January 12, 2011 Volume: 1 | Issue: 389| November 1, 2010 SECTOR 11-Jan 10-Jan % Change CORPORATE NEWS Bankex 12,288 12,137 1.24 Natural gas production from Reliance Industries Ltd.'s (RIL) D6 block in the Krishna PSU 8,929 8,885 0.49 Godavari basin would again touch 60 million metric standard cubic metres per day Auto 9,319 9,284 0.37 (mmscmd) by April,the Directorate General of Hydrocarbons (DGH) told reporters in Capital Goods 14,197 14,165 0.22 New Delhi on Tuesday. Metal 16,527 16,507 0.12 0.05 BHEL has emerged as the lowest bidder for Rs. 122bn Rajasthan Rajya Vidyut Utpadan Healthcare 6,526 6,523 Nigam projects for providing engineering, procurement and construction (EPC) services. FMCG 3,588 3,591 (0.08) Consumer Durables 5,907 5,912 (0.09) Moser Baer Power Projects has reportedly tied up with Macquarie SBI Infrastructure for Power 2,835 2,845 (0.35) funding its Rs. 5.8bn thermal power project in Madhya Pradesh by offering the latter Oil&Gas 10,117 10,204 (0.85) minority stake in the project. Teck 3,872 3,922 (1.27) IT 6,563 6,669 (1.60) In tune with the current market scenario, REC has revised its lending rates upwards by Realty 2,501 2,571 (2.74) 25 basis points to 50 basis points w.e.f. 6th January, 2011. For large power generation projects, lending rates have been increased by 25 bps while short term lending rates for loans up to one year have been increased by 50 bps and those for 1 year to 3 years have been increased by 25 bps. Goa Carbon net profit slumped 67.8% to Rs. 2.80 crore on 0.97% rise in net sales to Rs. 79.83 crore in Q3 December 2010 over Q3 December 2009. BSE Upper Circuit Breakers Company Name 11-Jan 10-Jan % Change Essar Oil said that it has started gas production from its Raniganj CBM block in West Katare Spinning Mills 27.5 25.0 10.00 Bengal and will achieve peak output in 2-3 years. RM Mohite Textile 298.5 271.4 10.00 JayBharat Textile 132.3 126.0 5.00 India's Petronet LNG is likely to buy four spot liquefied natural gas (LNG) cargoes in January-March quarter. Kalyani Forge 168.0 160.0 5.00 0 Sampada Chemicals 205.8 196.0 5.00 Singapore Telecommunications said on Tuesday it has paid S$39 million ($30 million) for 4.07 million shares in Bharti Airtel Ltd, pushing up its stake in the Indian firm to 32.15 per cent from 32.04 per cent previously. Tyre manufacturer Apollo has signed a supplementary MoU with the Tamil Nadu government for increasing its investments in the state to Rs 2,100 crore as part of its BSE Lower Circuit Breakers greenfield project. Company Name 11-Jan 10-Jan % Change State-run logistics firm Container Corporation of India may hive off its upcoming Kiri Dyes 379.3 474.1 (20.00) logistics parks and offload up to 51 per cent equity in each of them to a partner from Riddhi Siddhi Gluco 314.3 349.2 (10.00) among customers, landowners or logistics players. Ravi Kumar 46.3 51.5 (10.00) Chisel & Hammer 198.2 208.6 (5.00) Hindustan Zinc Ltd informed the Bombay Stock Exchange (BSE) on Tuesday that its Spectacle Infotech 28.7 30.3 (5.00) board of directors woud meet on January 19 to consider an issue of bonus shares and sub-division of existing equity shares of Rs 10 each. Infrastructure major Punj Lloyd said that it has won a contact from Bihar government for a water treatment plant to supply 6.224 million litres of drinking water per day to fluoride affected areas at Kharagpur. Lanco Infratech Ltd has informed the Bombay Stock Exchange (BSE) that subsidiary Lanco Kondapalli Power Pvt Ltd, which is developing a 732 mega-watt gas-based power project in Andhra Pradesh, has achieved financial closure.The Project, estimated to cost Rs. 2, 610 crore, would be financed with a debt of Rs 1,827 crore, and equity of Rs. 783 crore. COMMODITY 11-Jan 10-Jan % Change COMMODITY / CURRENCY NEWS Crude Oil (USD/bbl) 91.1 89.3 2.08 Gold (Rs/10gm) 20,441.0 20,387.0 0.26 Silver (Rs/kg) 44,872.0 44,460.0 0.93 Light Sweet Crude Oil on Tuesday was up by 2.08% at $91.1 per barrel. Gold closed up by 0.26% at Rs 20,441 and Silver closed up by 0.93% at Rs. 44,872. CURRENCY 11-Jan 10-Jan % Change The Indian Rupee closed lower against the dollar at 45.17 as the Indian equity INR / USD 45.17 45.45 (0.62) benchmarks ended on negative note. USD / Euro 1.29 1.29 - Yen / USD 83.09 83.11 (0.02)
  3. 3. January 12, 2011 Volume: 1 | Issue: 389| November 1, 2010 FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS KSOILS 42.5 43.0 1.06 India has urged the Mozambique to consider allocation of more coal blocks to SYNDIBANK 102.5 103.6 1.02 Indian companies besides expediting formalities for making operational two ADANIPOWER 122.9 124.0 0.94 blocks, already allocated to Coal India Ltd. ANDHRABANK 134.2 135.4 0.93 MLL 48.5 48.9 0.93 Indian Railways have carried 673.3 million tonnes of revenue earning freight traffic PTC 110.2 111.2 0.91 during April-December 2010. This is an increase of 3.1 per cent over the BANKBARODA 859.9 850.4 (1.11) corresponding period a year ago, when the freight carried was 652.6 million tonnes.In the month of December 2010, the freight carried by Indian Railways was SAIL 175.7 173.8 (1.08) 79.8 million tonnes, which is an increase of 2.1 per cent over the corresponding SIEMENS 763.4 757.0 (0.83) period a year ago, when the freight carried was 78.2 million tonnes. MPHASIS 674.1 668.8 (0.79) NATIONALUM 373.4 370.7 (0.72) Domestic passenger car sales jumped by 28.91 per cent to 1,48,681 units in ACC 1029.2 1,021.8 (0.72) December 2010, compared to 1,15,337 units in the same month in 2009. INSTITUTIONAL ACTIVITY (Rs Cr) 4-Jan 3-Jan YTD India’s import of sensitive products increased 14% to Rs 40,499 crore in the April- FII Cash Net 779 428 131,633 October 2010 period with sharp increases in food grains, dairy FII Stock Futures (487) (296) 12,779 products, automobiles , edible oil, rubber and alcoholic beverages. Rise in import of FII Index Futures 109 (82) (8,006) crude edible oil increased total edible oil imports to Rs15,882 crore that was 12% higher than imports in the same period last year. Mutual Fund (293) (90) (28,566) VALUATIONS P/E P/B DIV YLD BSE 22.1 3.6 1.1 NSE 23.0 3.6 1.1 BSE500 Mcap/GDP Ratio 0.62 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % Hindalco Inds 230.50 3.46 TV Eighteen 68.35 5.23 RM Mohite 298.25 9.89 Bajaj Auto 1,306.55 3.42 Gillette India 1816.95 4.21 Oscar Invest 394.85 9.79 SBI 2,611.80 2.51 Tube Invest 144.95 3.94 Surana Inds 300 9.09 BHEL 2,232.70 2.35 State Bank Mysre 695.05 3.72 Modern India 108.5 7.48 Reliance Comm 137.80 2.07 MVL 28.7 3.42 Magma Fin 64.6 6.43 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % Jaiprakash Asso 94.85 -2.62 KSK Energy 109.3 -7.1 Riddhi Siddhi 314.25 -10 TCS 1099.4 -2.58 Peninsula Land 58.9 -6.73 KNR Constr 149.3 -8.57 Infosys 3329.25 -1.98 Kirloskar Oil Engines 218.2 -5.38 Accentia Tech 158.5 -8.3 Jindal Steel 677.3 -1.69 Glodyne Tech 592.3 -5.29 Zylog Systems 356.05 -8.23 RIL 1014.3 -1.62 Money Matters 102.65 -5 Jupiter Biosc 39.9 -7.85 BULK DEALS SCRIPT NAME CLIENT NAME TYPE QTY % PRICE NSE Nu Tek India Trans Financial Resources Ltd BUY 3.23% 17.6 Emami Infrastructure Crosseas Capital Services Pvt. Ltd. BUY 2.45% 47.6 Kalindee Rail Nirman (Eng Crosseas Capital Services Pvt. Ltd. BUY 3.60% 197.5 Subex Manish Vrajlal Sarvaiya SELL 1.23% 84.0 Fiem Industries Fiem Industries Limited SELL 2.57% 176.0 BSE Vivimed Labs Niraj Rajnikant Shah BUY 4.54% 304.0 Gravita India Crosseas Capital Services BUY 1.50% 266.1 Everonn H P Share Shoppe BUY 2.34% 693.5 XPRO India Chander Kanta SELL 2.30% 70.3 Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0

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