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Daily Newsletter: 11th March, 2011

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Daily Newsletter: 11th March, 2011

  1. 1. March 11, 2011 Volume: 1 | Issue: 389| November 1, 2010 INDIAN MARKET * 10-Mar 09-Mar % Change COMMENTARY BSE Sensex 18,328 18,470 (0.77) INDIA NSE Nifty 5,494 5,531 (0.66) It was yet another boring trading day on the Indian bourses, with the benchmark stock indices ending BSE Midcap 6,600 6,605 (0.07) slightly lower despite a steep drop in food inflation. The NSE Nifty ended below the 5500 levels as BSE Smallcap 7,990 8,010 (0.25) Metals, Banking, IT and Telecom stocks declined. However, select Realty, Auto, Capital Goods and Power stocks bucked the negative trend. In the broader market, select Mid-Cap and Small-Cap stocks managed to Nifty Junior 10,790 10,833 (0.39) attract some buying. The Indian markets moderated as investors turned cautious amid a renewed pick up CNX Midcap 7,661 7,677 (0.21) in crude oil prices in the wake of relentless violence in Libya.The BSE Sensex lost 142 to end at 18,328 touching an intra day high of Rs. 18,430 and an intra day low of Rs. 18,261, while the NSE Nifty lost 37 points to close at 5,494.the BSE mid and small-cap indices outperfomed the broader markets and only GLOBAL MARKETS 10-Mar 09-Mar % Change slipped below the dotted line towards the end of the day. The mid-cap index shed 0.1% to 6,597 while the Dow Jones Ind (USA) 11,985 12,213 (1.87) small-cap index dipped 0.2% to 7,990. Nasdaq Composite(USA) 2,701 2,752 (1.84) S&P 500 (USA) 1,295 1,320 (1.89) . FTSE 100 (UK) 5,845 5,937 (1.55) GLOBAL MARKETS DAX (Germany) 7,063 7,132 (0.97) U.S. stocks retreated, sending the Standard & Poor’s 500 Index to the lowest level since January, following an increase in jobless claims, a wider American trade deficit and a slowdown in China’s export growth. The Nikkei 225 (Tokyo) 10,434 10,590 (1.47) S&P 500 retreated 1.9 percent to 1,295 The Dow Jones Industrial Average decreased 1.87 percent, to Hang Seng (Hong Kong) 23,615 23,810 (0.82) 11,985 for the biggest decline since Aug. 10. Shanghai Comp (China) 2,958 3,003 (1.50) KOSPI (South Korea) 1,981 2,001 (1.02) Asian markets have opened negative note Nikkei is down by 0.79 percent Hang Seng is down by half a STI (Singapore) 3,075 3,093 (0.57) percent. MSCI Emerging Market 430 428 0.47 MSCI Frontier Market 601 598 0.50 *IIP Numbers are to be released for the month of January. BOND MARKETS 10-Mar 09-Mar Change CORPORATE/ ECONOMY NEWS 10yr G-Sec Yield 8.02 8.06 (0.04) Lovable Lingerie Ltd. plans to raise Rs. 933mn selling shares at Rs195 to Rs205 each in an initial public 1yr G-Sec Yield 7.67 7.67 0.00 offering. The company will sell 4.55 million shares starting March 8.The Initial Public Offering (IPO) has been LIBOR (6m) 0.46 0.46 0.00 subscribed 10 times. LIBOR (1m) 0.26 0.26 0.00 Interbank Call rate 6.9 6.9 0.01 Essar group has reached a deal to acquire majority stake in Zimbabwe Iron and Steel Company (Zisco) and would invest an estimated $750 million for revival of the African nation's state-run steel maker. Private sector YES Bank has been appointed as Country Manager-India by Queen Margaret University BSE Turnover Rs Cr('000) Sensex (QMU) of Scotland for the development of a cooperative tourism project in rural India. 18550 3.5 18500 3.0 Tata Steel Group said that its expenses on key raw materials are likely to go up by $1 billion in the current 18450 fiscal to $7 billion due to a rise in input costs. 18400 2.5 18350 2.0 18300 Kotak Mahindra Group is seeking to raise private-equity funds of about $300 million from local and 18250 1.5 international investors to invest in infrastructure projects in the world's second-fastest growing major 18200 1.0 economy. 18150 18100 0.5 Gold financing company Muthoot Finance will raise up to Rs 1,400 crore through an initial share sale 18050 0.0 offer, which is expected to begin in the last week of this month. 4-Mar 7-Mar 8-Mar 9-Mar 10-Mar The government has deferred the share sale of state-owned Oil and Natural Gas Corp (ONGC) to the second half of 2011 following a faux pas in appointment of independent directors on the company board. NSE Turnover Rs Cr('000) Nifty State-run lender Canara Bank has raised about Rs 2,000 cr ($443 million) by selling shares to institutional 5560 14 investors, two sources with direct knowledge of the development said on Thursday. 5540 12 5520 10 GMR Infrastructure Ltd is likely to see three private equity firms invest close to Rs 1,500 crore in its unit 5500 88.38 #DIV/0! 8 GMR Airport Holdings, which runs the Delhi and Hyderabad airports, the Economic Times said on Thursday. 5480 6 Wipro Infotech, a leading provider of IT and business transformation services have announced it has 5460 4 signed a five year contract to drive Canara Bank's Regional Rural Bank (RRB) initiative. 5440 2 5420 0 4-Mar 7-Mar 8-Mar 9-Mar 10-Mar `
  2. 2. March 11, 2011 Volume: 1 | Issue: 389| November 1, 2010 SECTOR 10-Mar 09-Mar % Change CORPORATE NEWS Realty 2,120 2,106 0.67 Bhushan Steel said that its Vice Chairman and Managing Director Neeraj Singhal has Auto 8,850 8,855 (0.05) pledged 4.66% stake in the firm on March 7. Cg 12,740 12,750 (0.08) Power 2,593 2,598 (0.20) Franke Faber India (FFIL), leaders in Kitchen chimneys and hob manufactrers, will be Psu 8,571 8,588 (0.20) investing Rs 200 crore over a period of next 3 years for its new factory in Pune, Oil&Gas 9,641 9,673 (0.33) Hc 5,828 5,852 (0.40) Mahindra & Mahindra's (M&M's) commuter segment bike Stallio's production fell Fmcg 3,491 3,507 (0.46) drastically by 81% in the last three months to just 139 units in February, while sales plummeted to just 46 units during the month following problems in the product. Cd 5,761 5,791 (0.53) It 6,243 6,276 (0.53) Motilal Oswal Asset Management Company launched Motilal Oswal MOSt Shares Teck 3,657 3,677 (0.54) NASDAQ -100 ETF (MOSt Shares NASDAQ 100), an open ended index exchange-traded Bankex 12,313 12,458 (1.16) fund (ETF), which will track the NASDAQ-100 Index. Metal 15,667 15,874 (1.30) Shakti Pumps India Ltd. has informed that its Board of Directors will meet on March 11, to consider the proposal for the issue of bonus shares besides the issue of preferential warrants/equity shares/optional convertible instruments/non-convertible debt instruments/convertible securities. India's top power utility NTPC plans joint ventures in three months to build $3.5-billion BSE Upper Circuit Breakers power plants in Bangladesh and Sri Lanka, its head said on Thursday, marking the Company Name 10-Mar 09-Mar % Change firm's first overseas venture. Avon Organics 78.0 65.0 20.00 JHS Svendgaard 76.3 63.6 20.00 Godrej Properties Ltd. said that it has acquired the entire paid-up share capital of Rajratan Global 122.7 111.6 10.00 Udhay OK-Realty Pvt. Ltd. from HDFC Ventures Trustee Company Ltd. (in its capacity as Riba Textiles 7.7 7.0 10.00 trustee of HDFC Property Fund). 0 Midfield Industries 65.0 59.1 10.00 NIIT said that it has tied up with Ministry of Agriculture, Government of India to promote information technology usage for livestock management. Fine paper importer Sona Commercial said that it expects over 30 per cent increase in revenues in the next fiscal to nearly Rs 100 crore on the back of rising demand for the specialised paper in India. BSE Lower Circuit Breakers Company Name 10-Mar 09-Mar % Change Future Group's retail arm, Pantaloon Retail, has increased the prices of its branded UP Hotels 215.7 239.6 (10.00) apparel by 18% early this month.Pantaloon sells brands like John Miller, Indigo Subuthi Finance 261.1 290.0 (10.00) Nation, RIG, Honey, Annabelle, Umm and Chalk for men, women and kids. Fortune Finance 144.7 152.3 (5.00) To usher in greater efficiency and increase its profitability, consumer durable company TAK Machinery 284.7 299.7 (5.00) Bajaj Electricals is revamping its supply chain. TCI Finance 82.8 87.1 (5.00) Retail to financial services to telecom conglomerate the Future Group said it is eyeing Rs 18,000 crore revenue from its mobile telephony service T24, launched last year along with Tata group company, Tata Teleservices over the next three years. Betting big on the domestic market, Nestle India said it would invest close to Rs 1,500 crore over the next two-three year period as part of its expansion plans COMMODITY 10-Mar 09-Mar % Change COMMODITY / CURRENCY NEWS Crude Oil (USD/bbl) 101.8 105.2 (3.22) Gold (Rs/10gm) 20,821.0 21,060.0 (1.13) Silver (Rs/kg) 52,749.0 54,042.0 (2.39) Light Sweet Crude Oil onThrusday day lost 3.22% closing at $101.8 per barrel. Gold closed dwon by 1.13% at Rs 20,821 and Silver closed down by 2.39% at Rs 52,749. CURRENCY 10-Mar 09-Mar % Change The Indian Rupee closed lower against the dollar at Rs 45.17 as the Indian equity INR / USD 45.17 45.00 0.38 benchmarks ended on negative note. USD / Euro 1.38 1.39 (0.72) Yen / USD 82.90 82.68 0.27
  3. 3. March 11, 2011 Volume: 1 | Issue: 389| November 1, 2010 FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS HAVELLS 344.2 347.9 1.08 Italian luxury sports car Ferrari will make its official debut in India soon with popular 3IINFOTECH 42.3 42.7 0.95 models such as California, 458 Italia, 599GTB Fiorano and the latest FF, with prices RUCHISOYA 101.6 102.6 0.94 starting from Rs 2.2 crore onward. ISPATIND 22.2 22.4 0.90 ORBITCORP 50.4 50.8 0.89 Global miner Rio Tinto raised its offer for Mozambique-focused coal miner Riversdale FSL 17.0 17.1 0.88 Mining to $3.9 billion in a final bid to woo key shareholders who have held up the deal NATIONALUM 464.9 440.3 (5.29) and gain control of coveted coal assets. COREPROTEC 316.7 308.0 (2.75) Moody's Investors Service on Thursday downgraded Spain's sovereign debt rating by PIRHEALTH 460.4 450.0 (2.26) one notch besides lowering the outlook on the new rating to negative. ACC 1000.5 979.2 (2.13) Spain’s rating was downgraded to Aa2 from Aa1 by Moody's. BHUSANSTL 432.1 423.6 (1.96) GLAXO 2187.8 2,162.8 (1.14) Tibetan spiritual leader, the Dalai Lama yesterday announced his decision to retire from active politics, saying the time had come to be succeeded by a "freely elected" INSTITUTIONAL ACTIVITY (Rs Cr) 03-Mar 01-Mar YTD leader. FII Cash Net 281 467 (7,141) FII Stock Futures (916) 95 6,322 The Bank of England on Thursday left its key interest rate unchanged at a record low of FII Index Futures 0.5%. (94) 1,606 (2,321) Mutual Fund 47 413 2,511 VALUATIONS P/E P/B DIV YLD BSE 19.9 3.4 1.1 NSE 21.0 3.5 1.1 BSE500 Mcap/GDP Ratio 0.59 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % ONGC 275.4 1.62 Shree Global Trd 273.15 8.61 Gokaldas Expo 113.9 19.96 DLF 228.5 1.42 MTNL 45.1 6.49 Midfield Industries 64.95 9.99 Wipro 453.8 0.69 Alstom Projects 554.2 6.42 Ester Inds 41.4 9.38 Reliance Infra 624.6 0.66 Procter & Gamble 1765.2 6.18 SYMPHONY 1404.1 9.37 Reliance Comm 99.8 0.45 EID Parry 218 6.16 Shilpa Medicare 261.5 8.15 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % Tata Power 1193.4 -2.91 Ramky Infra 254.2 -6.13 Genesys Intl 189.55 -11.3 Tata Steel 596.8 -2.59 Kirloskar Oil Engines 133.8 -4.53 Urja Glob 29.5 -9.92 ICICI Bank 1014.3 -1.87 A2Z Maint & Engg 257.95 -4.13 CCL Products 194.55 -6.85 Hindalco Inds 209.1 -1.72 REI Agro 27.95 -3.62 Parrys Sugar 121.3 -6.8 SBI 2589.7 -1.63 Essar Ship Ports 86.15 -3.26 BS Transcomm 84.3 -5.55 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 Birla Shloka Philipa John Dmello SELL 1.28% 15.7 Kalindi Rail Deepak Popatlal Vora BUY 0.65% 126.5 Marico Oppenheimer International Value Fd BUY 3.35% 114.0 Dhanus Tech Grantview Properties SELL 2.30% 11.4 Suryajyoti Spi Dinesh Shah SELL 1.22% 51.0

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