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Indian Stock Market update - 02 Sep 2010

Indian Stock Market update - 02 Sep 2010

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09/03/2010

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Page 1
Morning EQ-Tea
 
2 September 2010
 
Indian Indices1 DayMTDYTD
Sensex1.31.34.2Nifty1.31.35.2CNX Midcap1.21.218.2CNX IT1.91.94.6Bankex1.21.220.5Auto0.30.318.9Metal3.03.0(11.3)FMCG1.21.222.7
Global Indices1 DayMTDYTD
Shanghai0.60.0(19.5)Nikkei 2251.22.4(14.3)Straits Times0.51.63.5Hang Seng1.31.7(4.5)DJIA2.52.5(1.5)S&P 5003.03.0(3.1)FTSE2.72.7(0.9)Dollar Index0.1(0.8)6.0
Live MarketsNikkei SGX NiftyHangSeng
Current Quote
9,0365,50820,916
% Change
1.2%0.6%1.4%
SE Close
1 Day1Mth
INFOSYS27760.71.4ICICI BANK9951.11.9TATA COM3501.41.9HDFC BANK214917.316.2STERLITE1572.875.2
VolumesMoving Average (Rs bn)1 Day5 Day30 Day
BSE CASH524950NSE CASH134136170NSE F&O92218431
Institutional Activities (Net)1 DayMTDYTD
FII (Rs bn)3.673449MF (Rs bn)1.7(45)(192)
Bond Market1 Day1M1 Yr
10Yr Yield (G-Sec)7.947.957.59
Currency Market1day MTDYTD
INR/USD0.60.6(0.6)INR/EURO0.40.111.8INR/GBP0.10.14.3
Commodities UpdateUnitClose1 DayMTDYTD
Crude Oil(NYME)$/Bbl74(0.0)2.7(6.9)Gold (OTC)$/Oz1,2470.2(0.1)13.6Copper (LME)$/MT7,5932.22.23.4Aluminum (LME)$/MT2,0852.12.1(5.1)Sugar (LIFFE)$/MT5810.40.4(0.2)Zinc (LME)$/MT2,1333.33.3(16.7)Baltic Dry Index1.02.7(0.9)2,741 83 
ADR Close
ADR (
CONVERTED TO INR
)
Prem / (Disc) in (%)
% ChangeSpot marketHistorical Data (%)% Change% Change% ChangeAs on 0730 hours ISTLast Close
18,206 5,472 8,783 6,086 10,880 8,838 15,430 3,425 
Last Close
2,9838,9272,62320,62410,2691,0805,366 
2,638
2,5971612,7951,006355
0.6%
72.16
Last Close
46.8159.58
Shanghai
 
Source: Bloomberg, NSE, BSE & SEBI
PageNo.PageNo.
 
Corporate News2
 
Price Shockers4
 
Macro Economic News2
 
Event Calendar4
 
International News2
 
Corporate Actions4
 
Bulk Deals3
 
Board Meetings5
 
Insider Trades3
 “Our GDP growth forecast range of 8.50-8.75% for 2010-11, despite thedata which showed the demand and supply figures for the economydiffering by a wide margin” 
Pranab Mukherjee – Finance Minister of India
17971.1218179.6418266.3517998.4118032.1118205.87-8000-6000-4000-2000020004000600025-Aug 26-Aug 27-Aug 30-Aug 31-Aug 1-Sep(Rs Mn)174001760017800180001820018400186001880019000FII (LHS) MF (LHS) Sensex (RHS)Provisional Figures for Investments
 
Source: NSE, BSE & SEBI
 
2.90.50.80.40.80.404008001,2001,6002,00025-Aug 26-Aug 27-Aug 30-Aug 31-Aug 1-Sep
  N  u  m   b  e  r  o   f  S   h  a  r  e  s
0.00.51.01.52.02.53.03.5Advance (LHS) Decline (LHS) Adv/Decl Ratio (RHS)
Source: BSE
 
Institutional Activity Vis-à-vis Sensex Movement
Statement of the dayCorporate News/Results CornerBSE Advance/Decline
 
 
Page 2
Robust auto sales for August (positive)
Auto sales continues to robust with TVS Motors and Maruti Suzuki recording highest ever sales for the month of August.Maruti Suzuki sales were at 1.04 lakhs units while TVS Motors sales were at 1.67 lakh units. Hero Honda also reported 2%growth in total sales volue to 4.27 lakh units. Tata Motors reported 32% YoY growth however MoM its sales were down from ~67,000 units to 65938 units. M&M's auto sales were at 28,903 units recording growth of 29% YoY for the month whiletractor's sales grew 29% 13,435 units. We believe the momentum to continue with start of festive season from this month.
RBI clears airline debt recast plan
 
(positive)
The Reserve Bank of India (RBI) has given its go-ahead to State Bank of India (SBI) to restructure the ballooning debt of theairline industry. The top three carriers, which collectively control 65% of domestic passenger traffic, have combined debt of Rs633bn and SBICaps is working on the terms of loan restructuring.
TCS arm wins €250mn UK contracts (positive)
TCS’s UK subsidiary Diligenta has won two life and pension contracts, totaling £250mn in revenue in the UK.
Nalco open to equity dilution in $3.9bn project in Indonesia
Nalco is considering selling stake in its $3.9bn aluminium project in Indonesia in lieu of acquiring equity in coal mines in theisland country.
Ranbaxy sets up second manufacturing unit in S. Africa
Ranbaxy Laboratories Ltd has set up a new manufacturing facility in South Africa with an investment of $30 mn.The newfacility will manufacture analgesics, cold, cough and flu preparations, anti-histamines, anti-hypertensive, CNS drugs, vitaminsand minerals.
7 telecom companies get 3G spectrum (positive)
Spectrum was allotted to the seven winners — Bharti Airtel, Reliance Communications, Idea Cellular, Vodafone Essar, Aircel,STel and Tata Teleservices
Reliance Broadcast to raise Rs 4bn via stake sale
Reliance Broadcast Network announced that its board has approved raising over Rs4bn by selling equity shares to its founderand other investors.
India sugar output may jump next year on higher planting, rains
Sugar output in India may surge by at least 38 percent next year after higher prices boosted planting and as rains improveyields. Production may total 26mn metric tons in the year and with higher estimates, it might go upto 29mn metric tons in theyear.
Super Religare Laboratories plans IPO in 2011
Fortis Healthcare plans to launch an initial public offer (IPO) for its diagnostics business unit, Super Religare Laboratories(SRL), in the next calendar year (2011).
Macro Economic and Other News International News
Merchandise exports rose at their slowest pace inJuly
During the month, exports grew by 13.2% to $16.24billion, compared to $13.62 billion in the month last year.During the month, imports jumped by 34.3% to $29.17billion, compared to $19.62 in the month last year,resulting in a trade deficit of $13 billion — the highest inthe last 22 months. Trade deficit in the first four monthsof the financial year reached $43.6 billion.
Fiscal deficit fell 42% to Rs 91,000 cr in April-July
The Centre’s fiscal deficit fell 42% to Rs 90.91 bn in April-July, compared to the period last year, on high revenuereceipts from the auction of 3G spectrum. The deficitrepresents 23.8% of the estimate for the current financialyear.
Factory output shows signs of moderation
Indian manufacturing growth is showing signs of moderation, despite being at robust levels. The seasonallyadjusted HSBC Purchasing Manager’s Index (PMI) showeda marginal decline to 57.2 in August, from 57.6 in July.
US ISM expands faster than estimates
The Institute for Supply Management Index, a gauge of manufacturing activity came in at 56.3 for the month of August vs consensus estimates of 52.8, compared to aprevious month number of 55.5. This helped the indicesbounce back globally leading to a modest rally.
US total vehicle sales comes in tad lower thanestimates
The US total vehicles sales came in at 11.46 million vsanalyst estimates of 11.50 million. The domestic vehiclesales came in at 8.66 million vs analyst estimates of 8.85million.
Source: Economic Times, Business Line, Business Standard, Times of India, DNA Money, Mint, Financial Express, Bloomberg
Corporate News/Results Corner
 
 
Page 3
Company Acquirer Qty Price Seller Qty Price
Andhra PradeshPaperKBS Realtors PrivateLimited
2,13,000
223.9 CNB Finwiz Private Limited
21,553 243.16
Atlas Cycles(Haryana) LtCNB Finwiz PrivateLimited
21,553
242.67Crosseas capital services pvt.Ltd.
24,772 242.99
Atlas Cycles(Haryana) LtCrosseas capital servicespvt. Ltd.
24,772
242.01Crosseas capital services pvt.Ltd.
1,92,462 204.27
EIH AssociatedHotelsCrosseas capital servicespvt. Ltd.
1,92,462
203.16 Genuine Stock Brokers Pvt Ltd
1,51,068 202.11
EIH AssociatedHotelsGenuine Stock BrokersPvt Ltd
1,51,068
201.83 OM Investments
1,66,767 201.12
EIH AssociatedHotels OM Investments
1,66,767
200.89Crosseas capital services pvt.Ltd.
1,48,832 304.43
Hanung Toys andTextilesCrosseas capital servicespvt. Ltd.
1,48,832
303.86Naman securities & financepvt. Ltd
1,07,919 46.08
ITI Ltd.Naman securities & finance pvt. Ltd
1,06,919
46.07 SVS securities pvt. Ltd.
81,653 45.94
ITI Ltd. SVS securities pvt. Ltd.
1,31,653
46.07 Transglobal securities ltd.
1,39,087 45.7
ITI Ltd.Transglobal securitiesltd.
1,39,087
45.65Crosseas capital services pvt.Ltd.
68,290 277.07
Jindal PhotoLimitedCrosseas capital servicespvt. Ltd.
68,290
277.34Crosseas capital services pvt.Ltd.
1,53,462 906.2
Jindal Poly FilmsLimitedCrosseas capital servicespvt. Ltd.
1,53,462
905.59 CNB Finwiz Private Limited
21,553 243.16
N.A. = Not AvailableSource: BSE & NSE
Company Acquirer/Seller Bought/Sold Qty
Emami Infrastructure Ltd Emami Capital Markets Ltd S 12000HCL Technologies Ltd Ajai Chowdhry S 100000HCL Technologies Ltd Ajay Chowdhry S 30000HDFC Bank Ltd Arup Rakshit B 2000HDFC Bank Ltd Arup Rakshit B 2000HDFC Bank Ltd Harish Engineer B 50000HDFC Bank Ltd Harish Engineer B 50000HDFC Bank Ltd Mandeep Maitra B 37500HDFC Bank Ltd Mandeep Maitra B 37500HDFC Bank Ltd N S Kishore Kumar B 4500HDFC Bank Ltd N S Kishore Kumar B 4500HDFC Bank Ltd Navin Puri B 3000Uflex Ltd R P Agarwal S 24200
Source: BSE NSE & Capitaline
Note: The above insiders Trades might include ESOPs conversion.
Bulk DealInsiders Trades

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