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Daily Newsletter: 11th January, 2011

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Daily Newsletter: 11th January, 2011

  1. 1. January 11, 2011 Volume: 1 | Issue: 389| November 1, 2010 INDIAN MARKET 10-Jan 07-Jan % Change COMMENTARY BSE Sensex 19,224 19,692 (2.38) INDIA NSE Nifty 5,763 5,905 (2.40) As if Friday's ferocious slide was not enough, the bulls got yet another jolt at the start of the new week BSE Midcap 7,296 7,471 (2.34) on Monday on another heavy volume day. So quite clearly, the bulls continue to be under tremendous BSE Smallcap 9,099 9,363 (2.82) pressure as FIIs slowly take some profit off the table after last year's solid gains. With inflation showing Nifty Junior 11,331 11,642 (2.67) no signs of abating, another rate hike is on the cards soon. Also, the policy stalemate at the Centre is CNX Midcap 8,286 8,488 (2.38) hurting the sentiment a lot. There are also a few concerns on the maco-economic front ahead of the release of the IIP data and December's inflation report. With this, the Indian markets have fallen for the sixth straight day with the NSE Nifty losing more than 400 points and the BSE Sensex over 1400 points. GLOBAL MARKETS 10-Jan 07-Jan % Change The Sensex lost 468 points to close at 19,224 and the NSE Nifty slipped 142 points to close at 5,763.The Dow Jones Ind (USA) 11,637 11,674 (0.32) broader indices also ended in deep red, the BSE Mid-Cap index was down 2.34% and BSE Small-Cap Nasdaq Composite(USA) 2,707 2,703 0.15 index was down 2.8%. S&P 500 (USA) 1,269 1,272 (0.24) FTSE 100 (UK) 5,956 5,984 (0.47) The market breadth was abysmally poor, with the declines exceeding the advancing stocks in the ratio DAX (Germany) 6,857 6,948 (1.31) of 2:1. Nikkei 225 (Tokyo)* 10,541 10,541 0.00 Hang Seng (Hong Kong) 23,527 23,687 (0.67) GLOBAL MARKETS. U.S. stocks came off morning lows but still ended mostly lower Monday following a sell-off in European Shanghai Comp (China) 2,792 2,839 (1.66) markets, as investors worried about a possible bailout for Portugal. The Dow Jones industrial average KOSPI (South Korea) 2,081 2,086 (0.24) closed down 37 points, or 0.3%. Earlier in the session, the blue-chip index dropped 100 points. The S&P STI (Singapore) 3,230 3,261 (0.95) 500 shed 2 points, or 0.1%. MSCI Emerging Market 431 435 (0.84) MSCI Frontier Market 598 606 (1.32) Asian markets are trading on a negative note, with the Nikkei down by 0.25% & the Hang Seng down by 0.1% BOND MARKETS 10-Jan 07-Jan Change CORPORATE/ ECONOMY NEWS 10yr G-Sec Yield 8.22 8.14 0.08 Anil Ambani group firm Reliance Life Insurance has said that it will provide skill development training to 1yr G-Sec Yield 7.48 7.48 0.00 one lakh aspiring insurance agents. LIBOR (6m) 0.46 0.46 0.00 LIBOR (1m) 0.26 0.26 0.00 Singapore-based Fortis Global Healthcare Pvt Limited would be listed on overseas stock markets, a top Interbank Call rate 6.3 6.3 (0.01) official of the Fortis group has said. Anil Ambani-led Reliance Power is believed to have signed the power purchase agreement with the state- owned NTPC for its upcoming 100 MW solar power project at Jaisalmer in Rajasthan BSE Turnover Rs Cr('000) Sensex 21000 5.0 Indraprastha Gas Ltd posted its unaudited results on Monday with a net profit of Rs 67.19 crore, up 14.02 20500 4.0 per cent for the December 2010 quarter as against a net profit of Rs 58.93 crore in the same period a year ago, according to a press release filed with the Bombay Stock Exchange (BSE). 20000 3.0 19500 2.0 MindTree Ltd has announced the launch of Contract Pricing Framework Using IBM WebSphere Commerce to help Business Reduce eCommerce Development and Implementation Cycles. 19000 1.0 18500 0.0 Packaging material-maker Jindal Poly Films reported a whopping 534 per cent jump in net profit to Rs 4-Jan 5-Jan 6-Jan 7-Jan 10-Jan 221 crore for the third quarter of FY'11 on the back of higher sales and prices of BoPET products.The company had reported a net profit of just Rs 34.85 crore for the same period last fiscal. Financial services group Edelweiss Capital said that its subsidiary is targeting to lend about Rs 5,000 crore for retail housing over the next five years by expanding into newer cities. NSE Turnover Rs Cr('000) Nifty 6200 15 6100 Reliance MediaWorks will this week open the first phase of the country's most modern studio that may 14 6000 woo several Hollywood and European filmmakers with its affordable international-standard production 5900 88.38 14 #DIV/0! facilities. 5800 13 PowerGrid, the country’s largest transmission firm, plans to issue domestic bonds for about Rs 10,000 5700 crore in 2011-12 to meet its expansion needs. It has planned a 50 per cent increase in its capital 13 5600 expenditure to Rs 18,000 crore for the next year. 5500 12 4-Jan 5-Jan 6-Jan 7-Jan 10-Jan `
  2. 2. January 11, 2011 Volume: 1 | Issue: 389| November 1, 2010 SECTOR 10-Jan 07-Jan % Change CORPORATE NEWS IT 6,669 6,681 (0.17) Reliance Footprint, the multi-brand footwear speciality store chain of Reliance Retail Teck 3,922 3,936 (0.36) said that it achieved a break-even this year and was aiming at Rs 2,000 crore topline in FMCG 3,591 3,642 (1.41) the next five years. Auto 9,284 9,486 (2.14) Healthcare 6,523 6,667 (2.17) Investment manager Motilal Oswal Asset Management Company said that it has PSU 8,885 9,109 (2.46) launched an open ended Exchange Traded Fund which seeks to track the CNX Midcap Metal 16,507 16,944 (2.58) Index. Power 2,845 2,929 (2.87) Oil&Gas 10,204 10,519 (2.99) Pune-based Sterlite Technologies Limited said that it has arranged Rs 700 crore Bankex 12,137 12,512 (3.00) worth of funds for its mega transmission project connecting North-east with the Consumer Durables 5,912 6,112 (3.26) Northern states India. Capital Goods 14,165 14,682 (3.52) Realty 2,571 2,666 (3.55) US software firm iGate, backed by private equity firm Apax Partners, has agreed to buy a majority stake in India's Patni Computer for $862 million. Film and entertainment firm Reliance MediaWorks expects to add 5 to 8 percentage points to its margins by calendar year 2012, driven by its newly unveiled film studio. ICICI Bank, the country's largest private sector bank, has signed an agreement with BSE Upper Circuit Breakers NIIT University to launch a Master of Business Administration (Finance & Banking) Company Name 10-Jan 07-Jan % Change programme. Vikas Glonalone 57.8 52.6 10.00 VAX Housing Finance 67.8 61.7 10.00 Flagship explorer ONGC has demanded that the royalty it pays on crude from Cairn's Scanpoint 39.9 38.0 5.00 oilfields in Rajasthan be added to the project cost and profit for all stakeholders, Pokrana 113.5 108.1 5.00 0 including the government, be calculated thereafter. Tuni Textile Mills 178.5 170.0 5.00 The Drug Controller General of India (DCGI) has sent a notice to Piramal Healthcare last week to stop airing a truncated form of its ad for emergency contraceptive medicine sold under brand i-pill , saying that it is an advertisement in the guise of an awareness campaign , a health ministry official said. BSE Lower Circuit Breakers Tata DOCOMO, the GSM brand of Tata Teleservices Limited (TTSL) rolled out its new Company Name 10-Jan 07-Jan % Change 'T24' mobile service in Gujarat, a brand launched in alliance with the retail chain giant Kiri Dyes 379.3 474.1 (20.00) Future group. Riddhi Siddhi Gluco 349.2 387.9 (10.00) Ravi Kumar 51.5 57.2 (10.00) The Prime Minister's Office (PMO) has asked Oil Ministry to decide on giving consent Chisel & Hammer 208.6 219.5 (5.00) to Vedanta Resources' $9.6 billion acquisition of Cairn India by January end, at least a Spectacle Infotech 30.3 31.9 (5.00) month earlier than the deadline Murli Deora's ministry had set for itself. Pennar Industries announced it Q3 results, net profit rose 34.81% to Rs. 18.34 crore on 46.78% increase in net sales to Rs. 277.58 crore in Q3 December 2010 over Q3 December 2009. COMMODITY 10-Jan 07-Jan % Change COMMODITY / CURRENCY NEWS Crude Oil (USD/bbl) 89.3 89.1 0.17 Gold (Rs/10gm) 20,387.0 20,395.0 (0.04) Silver (Rs/kg) 44,460.0 44,581.0 (0.27) Light Sweet Crude Oil on Monday was up by 0.17% at $89.3 per barrel. Gold closed down by 0.04% at Rs 20,387 and Silver closed down by 0.27% at Rs. 44,460. CURRENCY 10-Jan 07-Jan % Change INR / USD 45.45 45.38 0.15 The Indian Rupee closed higher against the dollar at 45.45 as the Indian equity USD / Euro 1.29 1.29 - benchmarks ended on negative note. Yen / USD 83.11 83.45 (0.41)
  3. 3. January 11, 2011 Volume: 1 | Issue: 389| November 1, 2010 FUTURES PREMIUM/DISC Cash Futures P/D% ECONOMY / POLICY / GLOBAL NEWS Divislab 623.4 628.5 0.82 Private equity firms are likely to raise over $300 billion in 2011 worldwide, up by Mundraport 140.4 141.5 0.78 33 per cent against last year, as the global economy recovers, according to a study. Boschltd 6401.1 6,450.0 0.76 Indusindbk 223.6 225.1 0.69 Investors' stock market wealth has plunged by nearly Rs 5,00,000 crore in five Balramchin 81.8 82.3 0.67 straight days of trading, as the market continued its downslide on Monday with a HDIL 169.6 170.7 0.62 468-point plunge in the benchmark Sensex. Barring the first day of trading on Coreprotec 271.2 266.6 (1.71) January 3, markets have recorded a loss on all days so far in the New Year with the Bankbaroda 848.6 836.9 (1.37) Sensex losing 1,337 points in five consecutive trading sessions. ACC 1016.1 1,005.1 (1.09) Out of this, more than Rs 1,00,000 crore has been eroded from the market value of the PFC 291.4 288.3 (1.06) country's ten biggest companies alone, which include blue chips like Reliance Industries, ABB 748.7 740.8 (1.06) ONGC, TCS, Infosys, Coal India and SBI.The 30 Sensex companies together lost about Rs Sail 177.3 175.8 (0.85) 2,00,000 crore in the last five days of trading. INSTITUTIONAL ACTIVITY (Rs Cr) 03-Jan 31-Dec YTD US chemicals group DuPont said that it will buy Danish food ingredients and FII Cash Net 428 617 1,30,854 enzymes firm Danisco for $5.8 billion to boost its position in the fast-growing food FII Stock Futures (296) (27) (12,292) sector. FII Index Futures (73) (82) (8,115) Mutual Fund (90) 27 (28,273) Greek bond yields have hit another record high, exceeding benchmark German bond rates by 10 percentage points for the first time. VALUATIONS P/E P/B DIV YLD Monday's record occurred on the eve of a euro1.5 billion ($1.96 billion) auction of BSE 22.1 3.6 1.1 6-month treasury bills, considered an important test of market sentiment. NSE 23.0 3.6 1.1 BSE500 Mcap/GDP Ratio 0.64 MOVERS & SHAKERS 4.91 TOP 5 FRONTLINE GAINERS TOP 5 MIDCAP GAINERS TOP 5 SMALLCAP GAINERS Name Rs % Name Rs % Name Rs % Infosys 3,396.95 0.90 Cholamandalam Inv 182.55 4.17 Splash Media 79.9 13.66 Bharti Airtel 338.85 0.04 United Brew 493.7 4.05 Ontrack Sys 49.65 4.97 - - - Apollo Hosp 471.45 3.31 Centrum Cap 1459 4.66 - - - Kirloskar Oil Engines 230.6 2.47 Comfort Intech 2.41 4.33 - - - IBN18 Broad 88.95 1.77 Maharashtra Elek 322.95 4.18 TOP 5 FRONTLINE LOSERS TOP 5 MIDCAP LOSERS TOP 5 SMALLCAP LOSERS Name Rs % Name Rs % Name Rs % HDFC Bank 2154.9 -5 Gujarat NRE Coke 61.9 -8.23 Kiri Dyes 379.3 -20 BHEL 2181.5 -4.76 Arss Infra Proj 699.6 -8.15 Garden Silk 102.25 -11.62 HDFC 653.6 -4.44 Sintex Inds 165.75 -7.12 Magma Fin 60.7 -11.32 Hindalco Inds 222.8 -4.44 Syndicate Bank 105.15 -6.66 Man Inds 72.4 -11.11 Jaiprakash Asso 97.4 -4.18 Alok Inds 24.8 -6.59 AQUA LOGIST 35.1 -10.69 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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