Download - Indian stock markets sep 07
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Morning EQ-Tea 7 September 2010
Indian Indices
1 Day MTD YTD
Sensex 1.9 3.3 6.3
Nifty 1.8 3.2 7.2
CNX Midcap 1.1 3.9 21.4
CNX IT 1.8 3.5 6.3
Bankex 2.1 4.4 24.2
Auto 1.7 3.5 22.7
Metal 3.5 6.0 (8.7)
FMCG 0.6 2.7 24.5
Global Indices1 Day MTD YTD
Shanghai 0.2 2.4 (17.6)
Nikkei 225 (0.2) 5.2 (12.0)
Straits Times (0.1) 2.7 4.6
Hang Seng 0.2 4.2 (2.1)
DJIA 1.2 4.3 0.2
S&P 500 1.3 5.3 (0.9)
FTSE 0.2 4.1 0.5
Dollar Index 0.3 (1.1) 5.7
Live Markets
Nikkei SGX NiftyHangSeng
Current Quote 9,280 5,585 21,374
% Change (0.2%) 0.2% 0.1%
NSE Close 1 Day 1Mth
INFOSYS 2832 (0.3) (0.3)
ICICI BANK 1039 (3.1) 0.5
TATA COM 341 (0.4) (0.9)
HDFC BANK 2204 16.2 15.9
STERLITE 164 (1.8) 75.3
Volumes Moving Average (Rs bn)1 Day 5 Day 30 Day
BSE CASH 54 51 51
NSE CASH 149 136 142
NSE F&O 1144 229 38
Institutional Activities (Net)1 Day MTD YTD
FII (Rs bn) 9.5 17 465
MF (Rs bn) 3.9 3 (189)
Bond Market1 Day 1M 1 Yr
10Yr Yield (G-Sec) 7.99 7.95 7.59
Currency Market1day MTD YTD
INR/USD 0.2 1.1 (0.0)
INR/EURO 1.1 0.7 12.4
INR/GBP 0.1 0.9 5.1
Commodities UpdateUnit Close 1 Day MTD YTD
Crude Oil(NYME) $/Bbl 74 (0.6) 3.1 (6.6)
Gold (OTC) $/Oz 1,249 (0.1) 0.1 13.9
Copper (LME) $/MT 7,694 0.8 3.6 4.8
Aluminum (LME) $/MT 2,165 2.1 6.0 (1.5)
Sugar (LIFFE) $/MT 595 0.5 2.9 2.3
Zinc (LME) $/MT 2,196 2.1 6.3 (14.2)
Baltic Dry Index 0.2 4.1 0.52,881
82
ADR Close
ADR (CONVERTED TO INR) Prem / (Disc) in (%)
% Change
Spot market
Historical Data (%)
% Change
% Change
% Change
As on 0730 hours IST
Last Close
18,560
5,577
9,021
6,184
11,219
9,124
15,879
3,477
Last Close
3,035
9,301
2,696
21,356
10,448
1,105
5,439
2,702
2,631
162
2,823
1,008
340
0.2%
71.58
Last Close
46.55
59.26
Shanghai
Source: Bloomberg, NSE, BSE & SEBI
Page No.
Page No.
• Corporate News 2 • Price Shockers 3
• Macro Economic News 2 • Event Calendar 4
• International News 2 • Corporate Actions 4
• Bulk Deals 3
• Insider Trades 3
“We have seen financial reforms of the type done by Wall Street and the City of London but the country like India would have to evolve its own roadmap based on its own situation.” Manmohan Singh Prime Minister of India
18221.43
18032.11 17971.12
18205.87
18238.31
18560.05
-8000-6000-4000-2000
02000400060008000
1000012000
30-Aug 31-Aug 01-Sep 02-Sep 03-Sep 06-Sep
(Rs Mn)
17400
17600
17800
18000
18200
18400
18600
18800
19000
FII (LHS) MF (LHS) Sensex (RHS)
Provisional Figures for Investments
Source: NSE, BSE & SEBI
2.4
1.3
1.7
2.9
0.50.8
0
400
800
1,200
1,600
2,000
30-Aug 31-Aug 01-Sep 02-Sep 03-Sep 06-Sep
Num
ber
of Shar
es
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
Advance (LHS) Decline (LHS) Adv/Decl Ratio (RHS)
Source: BSE
Institutional Activity Vis-à-vis Sensex Movement
Statement of the day
Corporate News/Results Corner
BSE Advance/Decline
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Oil Ministry okays stake dilution in ONGC, IOC (Positive) The petroleum ministry has approved part-sale of government’s stake in Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC), a move that could fetch the government over Rs 240bn this financial year. Renuka sugars, HPCL plan ethanol unit in Maharashtra (Positive for Renuka Sugars) Shree Renuka Sugars is looking to set up an integrated sugar-cum-ethanol plant with oil marketing company Hindustan Petroleum Corporation (HPCL) in Maharashtra. This would be the first such tie-up between a sugar and a petroleum company. Rel Infratel, GTL call off merger deal (Negative) Reliance Infratel and GTL Infrastructure have abandoned plans to combine their tower operations in a deal that was valued at $11 bn, due to valuation disputes, raising questions over parent company Reliance Communications’ (RCOM) plans to cut debt and raise money by issuing shares. PVR to sell Phoenix Mills multiplex for 1000 mn PVR has put its multiplex at Phoenix Mill mall in central Mumbai on the block with a price tag of 800-1000 mn.Phoenix, the multiplex, has a sprawling 65,000 square feet of area. It is the only property that the theatre chain owns. Tata Steel raises product prices by 1,000 a tonne (Positive) Tata Steel has raised the prices of flat products by about 1,000 a tonne on account of a pickup in demand and the prevailing market trend.The company has raised its flat product prices by up to 4% with effect from September 3. ABN to renew $1bn IT outsourcing deals (Positive) ABN Amro is set to renew its contracts for managing the bank’s software applications and computer hardware systems with IBM, Tata Consultancy Services (TCS) and Infosys Technologies. The contract renewal could potentially bring outsourcing projects worth $1 bn to India over the next five years. Aurobindo in supply pact with AstraZeneca (Positive) Aurobindo Pharma Limited has entered into licensing and supply agreements with AstraZeneca, to supply finished dosage and sterile products to emerging markets. The agreement will support AstraZeneca’s investment in branded generics sold in emerging markets. These products fall under a broad range of therapeutic segments such as anti-infective, cardiovascular system (CVS) and central nervous system (CNS). Firstsource inks outsourcing deal with Axis Bank- (Positive) Firstsource Solutions, a business process outsourcing company, has signed a five-year outsourcing agreement with Axis Bank.As part of the agreement, Firstsource will offer customer contact services (voice, email and web chat) to retail customers of Axis Bank.
Macro Economic and Other News International News Direct tax collections rise 13.9% in April-August Net direct tax collections during April-August registered a growth of 13.91%, at Rs 1,001.12bn, compared with Rs 878.88bn in the corresponding period of the previous financial year. This was mainly attributed to the growth in revenue receipts from the corporate sector. Ocean signals indicate another weak monsoon phase Ocean signals indicate that the monsoon may be going into a weak phase from around the weekend. But it is the weak monsoon phase that paradoxically brings rains to East and Northeast India, which have been witnessing below normal rains right through the season.
UK new car registration slips The UK new car registration for the month of August came in at -17.5% y-o-y as compared to the previous month figure of -13.2%. SMMT have warned that the market would remain tough for the rest of the year but still expects more than two million new cars to be sold in 2010. Obama announces new stimulus package US President Barrack Obama announced a new infrastructure stimulus package worth US$ 50 billion. This newest stimulus will call for a six-year investment period and will require congressional approval. The new stimulus package aims to create jobs over the long-term by rebuilding 150,000 miles of roads, 4,000 miles of rail, and 150 miles of airport runways.
Source: Economic Times, Business Line, Business Standard, Times of India, DNA Money, Mint, Financial Express, Bloomberg
Corporate News/Results Corner
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Company Acquirer Qty Price Seller Qty Price
Bliss GVS Pharma N.A. Narsimha Shibroor Kamath 530000 41.5 Crew B.O.S. Products Limi
Emerging India Focus Funds 67000 134.3 N.A.
Genesys Intl Amas India Inv Mauritius 192000 240.5 India Max Investment Fund 192651 240.5
Gujarat Hotels Orange Mauritius Investments Limited 55558 83.5 N.A.
Hanung Toys and Textiles
Credit Suisse (Singapore) Limited A/C 150000 309.4 N.A.
Master N.A. Mallikhar Junarao V 72442 48.3
National Plast Inds Enpee Credit & Capital India Limited 64985 22.0 Rashesh Manharbhai Bhansali 65000 22.0
Phillips Carbon Black
The Royal Bank Of Scotland Plc As Trustee Of Jupiter India 340000 223.6 N.A.
Piramal Health Piramal Management Services Private Limited 6592410 514.0 Nandini Ajay Piramal 3856277 514.0
Roselabs Inds Jayshree Shankar Bhosle 354248 35.0 N.A.
Varun Inds N.A. Swati Rajesh Shah 134444 174.2
N.A. = Not Available Source: BSE & NSE
Company Acquirer/Seller Bought/Sold Qty
Empower Industries India Ltd Energy Commotrade Pvt Ltd B 66125000
Geodesic Ltd Vinod Sethi, Non-Executive Director S 163814
Gulshan Chemfill Ltd Gulshan Holdings Pvt Ltd S 1053000
IBN18 Broadcast Ltd Network18 Group Senior Professional Welfare Trust B 3434000
Munjal Auto Industries Ltd Thakur Devi Investments Pvt Ltd B 7459945
Nimbus Foods Industries Ltd Chinar Capital Market Pvt Ltd S 1100000 Source: BSE NSE & Capitaline Note: The above insiders Trades might include ESOPs conversion.
Gainers Losers
Company Close Price (Rs)
Change Price (Rs)
Change Price (%)
Company Close Price (Rs)
Change Price (Rs)
Change Price (%)
Godrej Cons 401 26 7.0 HPCL 511 (19) (3.5)
BEML 1134 73 6.9 Suzlon Energy 50 (1) (2.6)
Rashtriya Chem 86 4 5.3 Jet Air India 699 (17) (2.3)
Bosch 6303 315 5.3 Glenmark Pharma 283 (7) (2.3)
Chambal Fert 74 4 5.1 Jindal Steel 683 (15) (2.1)
India Infoline 99 4 4.0 Tata Comm 340 (7) (2.1)
Allahabad Bank 225 8 3.9 Central Bank 181 (3) (1.8)
Tata Chemicals 410 15 3.7 Sesa Goa 318 (6) (1.8)
Religare Enter 480 17 3.7 Gujarat NRE Coke 60 (1) (1.6)
Tech Mahindra 700 23 3.5 Jaiprakash Asso 113 (2) (1.5)
Gujarat Mnrl 126 4 3.2 Hindalco Inds 170 (3) (1.5)
Bajaj Auto 2872 87 3.1 Balrampur Chini 87 (1) (1.4)
Indian Bank 260 7 2.9 Chennai Petro 240 (3) (1.4)
Unitech 81 2 2.9 Sterlite Inds 159 (2) (1.3)
Sintex Inds 372 10 2.7 Ispat Inds 20 (0) (1.3) Source: Capitaline
Price Shockers
Bulk Deal
Insiders Trades
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• Sep 06: US Personal Spending • Sep 07: Japan BOJ Target Rate for Sept 7 (Expectation 0.10% Prior 0.10%) • Sep 07: UK BRC Retail Sales Monitor for Aug
Source: Bloomberg
Ex Date Company Purpose Ex Date Company Purpose
7-Sep National Oxygen Limited
Annual General Meeting And Dividend Re.1/- Per Share
7-Sep Balmer Lawrie & Company Limited
Annual General Meeting And Dividend Rs.23/- Per Share
7-Sep Aarti Industries Limited Annual General Meeting And Final Dividend Re.0.70 Per Share
7-Sep NHPC Limited Annual General Meeting And Dividend Re.0.55 Per Share
7-Sep Power Grid Corporation of India Limited
Annual General Meeting And Dividend Re.1/- Per Share
7-Sep Times Guaranty Limited
Annual General Meeting
7-Sep Firstsource Solutions Limited
Annual General Meeting 7-Sep Nitco Limited Annual General Meeting
7-Sep RSWM Limited Annual General Meeting And Dividend Rs.2.50 Per Share
Source: NSE
Corporate Actions
Event Calendar
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Advisory Group
Karun Mutha
SVP & Head - Equity & Derivatives Advisory
Tel +91-22-67897833
Email: [email protected]
Fundamental Team Designation/Sectors covered
Supriya Madye AVP Analyst–Auto Cement Infra 022 39673815 [email protected]
Deepan Sankaranarayanan Analyst–Media Logistics 022 39673818 [email protected]
Jignesh Shial Analyst–Banking Real Estate 022 39673820 [email protected]
Hitesh Punjabi Analyst–IT Pharma 022 39673823 [email protected]
Prerna Jhunjhunwala Analyst–Retail FMCG Capital Goods 022 39673822 [email protected]
Chetan Thacker Associate Analyst–Metal Mining Agri 022 39673821 [email protected]
Priyanka Rai Assistant Manager (Production) 022 39673852 [email protected]
Quantitative Team
Tina Khetan Derivative Analyst 022 67897828 [email protected]
Akshay Bhagwat Derivative Analyst 022 67897830 [email protected]
Nikunj Shah Derivative Analyst 022 67897827 [email protected]
Technical Team
Mukesh Singh Vice President- Technical Analyst 022 67897816 [email protected]
Rahul Randeria Technical Analyst 022 67897817 [email protected]
A.SenthilRaj Technical Analyst 022 39673998 [email protected]
Advisory Support
Tony Nawani Manager 022 67897825 [email protected]
Ashutosh Desai Assistant Manager 022 67897826 [email protected]
Vinod Hassija Assistant Manager 022 67897827 [email protected]
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Disclosure HSBC InvestDirect Securities (India) Limited (“HISL”) its associate and group companies its directors associates and employees may have various positions in any of the stocks securities and financial. Instruments dealt in this document or may make sale or purchase or other deals in the securities from time to time or may deal in other securities of the companies / organizations described in this document.
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