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India Morning Note a
Thurs sday, Septem mber 20, 2012 Dom mestic Markets Snapshot t
Nam of Index me
Sens sex CNX Nifty BSE Mid-cap BSE IT BSE Banks 17-Sep 18,542.31 5,610.00 6,316.02 6,006.28 12,583.34 18-Sep 18,496.01 1 5,600.05 6,371.71 5,973.59 12,670.22 1 Change -0.25% -0.18% 0.88% -0.54% 0.69%

 

V Views on ma arkets today y
• Snapping the nineg -day winning trend, Th Sensex he ended at 18,496.01, down by 0. t .25% and the Nifty fell 0.18% to close at 5 o 5,600.05, with investors adopting s caution after recent gains amid retail inflation data t g tocks were t the biggest touching double-digits. Energy st underperformers because of the selloff in C e Cairn India and Reliance Indus stries. Reliance Industries closed 2.1% low wer. The company's sha are prices r rose above the max ximum buyback price of Rs. 870 fo the first f or time sinc the offering was anno ce ounced on Ja anuary 20. IT stocks also came under sellin pressure after TCS, s ng India's biggest soft b tware servic ces exporter, said its margins may fall in t the Septemb quarter. T ber TCS shares closed 3.15% lower while Wip 3 r pro was the top Nifty loser, do own 3.9%. • Retailers retreated a s after a stron recent rally sparked ng by the go overnment's action to op s pen up the m multi-brand retail se ector to dire ect foreign investment. Pantaloon i Retail fell 4.2 per ce after gai ent ining 27.34% over the % previous two session ns. • Shares o sugar manufacturing companies were in of g demand with most o the frontli of ine stocks up over 4% on expectation of huge demand ahead of t d the festive season. • Among t the 13 secto oral indices, five sectors closed in s negative while rema e, aining 8 sect tors closed i positive. in Top Gain ners: BSE PS rose by 1 SU 1.58%, BSE CG surged by 0.90% BSE Powe gained 0. %, er .88%. Top Losers: BSE Oil & Gas down by 1 1.13%, BSE IT down by 0 T 0.54%, BSE HC slippe by 0.22% ed %. • Market b breadth was positive at ~1.41x as investors s t s bought large cap s stocks. On provisional basis, FII bought equity of `10 e 0.49bn while domestic i e institutions sold equity of `6.70.3 38bn in cash segment. h tocks slippe in the initial tradin session ed ng • Asian st today, fo ollowing the sharp fall in the oil p e prices and weak Chinese manuf facturing dat ta. ect a weak opening fo the Indian markets or • We expe today, fo ollowing the Asian cues, political uncertainties over the diesel price and LPG decision and reforms in e FDI and i insurance.

FII Ac ctivity
Date e
17-Se ep 14-Se ep Total Sept l 2012 YTD 2

(`Cr)
Buy
5,902 5,340 28,971 455300

Sell
3,588 2,483 20,768 383258

Net
2315 2857 8203 72041

MF A Activity
Date e
17-Se ep 14-Se ep Total Sept l 2012 YTD 2

(`Cr)
Buy
883 867 4,978 85994

Sell
1,370 1,060 6,023 97151

Net
-487 -193 -1045 -11156

Global Markets
Index x
DJIA NASD DAQ Nikke * ei Hang Seng * g
* as of 8.25AM IST f

Latest Values t
13 3,577.96 3,182.62 3 9,167.77 9 20 0,750.54

Change (%)
0.10% 0.15% -0.70% -0.44%

Curre ency Snapsh hot
Future contract expir on re 29/08/12
India Rupee per $ an India Rupee per € an India Rupee per £ an India Rupee per ¥ an

Latest Quote
54.04 70.62 87.80 68.71

RBI Previous Reference R Close Rate
54.21 70.99 88.02 69.00 54.25 71.03 88.15 68.99

* NSE Exchange

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TOP GAINERS G (BSE A-Group)
Company Name
IFCI Orien ntal Bank Lanco Infra Union Bank Cana Bank ara

Economic and Corpora Developm a ate ments
Previous Close(`)
28.25 254.35 12.43 176.80 360.40

Current Price(`)
32.05 287.35 13.77 194.55 393.50

Change (%)
13.45 12.97 10.78 10.04 9.18

• Oppositi ion political parties of India anno ounced a nation-w wide strike o opposing the FDI retail reforms, e diesel p price hike a and cap on LPG cylinders per n househo old.

Buzzing Stocks
• Finance Ministry pro oposes 9.5% stake sale in NTPC n • Suzlon Energy se eeks 4-mo onth extension for repayme ent of forei ign currency convertible bonds y (FCCBs) due in Oc ctober. The company s said it is actively working to r raise funds for FCCB repa ayment • EID Parr to hold sh ry hareholders meet on Oc ctober 11 on deme erger plan • SBI cuts base rate by 25 bps to 9.75% effective s s today (F First to move after cash reserve ratio (CRR) h cut by RBI) R • HCL Technologies bags 5-year, multi-million deal from US based Frees scale Semico onductors • Tata Mo otors bags re ecord order of 1314 tru ucks, deal worth Rs 225 crore s • Departm ment of d divestment invites bid ds from merchan bankers fo divesting stake in Oil I nt or India • Apar Ind dustries to c consider Boa ard for Indus strial and Financia al Recons struction (BIFR) or rder of amalgam mation of Un niflex Cables with itself • Motherson Sumi bonus issue in the ratio o 1:2 on n of October 5 • Environm ment minist try panel to inspect Ad o dani Port and SEZ at Mundra Z • Dabur f files a case against Amar Reme A edies for infringin of its prod ng duct IPR

(BSE Mid-Cap) E
Company Name
IFCI Orien ntal Bank Lanco Infra Schn neider Elec Motilal Oswal

Previous Close(`)
28.25 254.35 12.43 90.55 96.25

Current Price(`)
32.05 287.35 13.77 98.60 104.75

Change (%)
13.45 12.97 10.78 8.89 8.83

TOP LOSERS L (BSE A-Group)
Company Name
Panta aloon Retl Wipro Cairn India n Cadil Health la LIC H Housing Fin

Previous Close(`)
187.60 384.15 362.55 868.10 266.00

Current Price(`)
180.00 369.60 350.10 838.65 257.80

Change (%)
-4.05 -3.79 -3.43 -3.39 -3.08

(BSE Mid-Cap) E
Company Name
Shree Global Trd Tulip Telecom p Hindusthan Nat$ Panta aloon Retl MTNL L

Previous Close(`)
67.65 63.00 209.45 187.60 40.25

Current Price(`)
64.10 59.90 200.00 180.00 38.80

Change (%)
-5.25 -4.92 -4.51 -4.05 -3.60

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India and Global Economic C Calendar
Cou untries / Reg gions India Thursd day 20/Se ep Friday y 21/Se ep FX Reserves, USD F , (Sep 9) ( Bank Loan Growth B (Sep 2) ( Monday 24/Sep p Tuesday y 25/Sep p

US

Initial and Continuous J Jobless Claims (Sep 15) USD Markit Manufacturing PMI (Sep)

USD America U an Petroleum Institute P Monthly Report M USD Fed's Lo U ockhart speech s

Chicago Fed C National Activ N vity In ndex (Aug) Dallas Fed D Manufacturing M Business Inde (Sep) B ex

&P/Case-Shiller S& Ho ome Price Indices (Y YoY) (Jul) Co onsumer Co onfidence (Sep) Richmond Fed d g Manufacturing Index Sep) (S

Global

Initial and Continuous J Jobless Claims (Sep 15) USD Markit Manufacturing PMI (Sep) Initial and Continuous J Jobless Claims (Sep 15) USD Markit Manufacturing PMI (Sep)

USD America U an Petroleum Institute P Monthly Report M USD Fed's Lo U ockhart speech s USD America U an Petroleum Institute P Monthly Report M USD Fed's Lo U ockhart speech s

Euro Import P Price In ndex (MoM) ( (Aug) UK Nationwid U de Housing Price n.s.a H es (Y YoY) (Aug) Euro IFO Expectations (Sep)

Gf Consumer fk r Co onfidence Su urvey (O Oct) hina UBS Ch Co onsumption Indicator (Aug g) Eu Wage Inf uro flation (M MoM) (Jul)

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