MORNING NOTE
Rajesh Desai
MARKETS
Asian Market is trading lower as Hang Seng was down by 0.35% while Nikkei 225 was down by 0.48% and Chinese markets were down by 0.41%.
Asian stocks fell for a second day after earnings from Samsung Electronics Co. and HTC Corp. disappointed some investors. The yen pared
an advance against the euro as Finance Minister Taro Aso said Japan will buy European Stability Mechanism bonds. Overnight U.S.
markets were up by 0.33%. SGX Nifty at 8:00AM was trading at 6012 with a gain of 03 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19691.42 |
-92.66 |
(0.47) | 1.36 |
Copper |
8094.00 |
23.00 |
0.28 |
2.06 |
|
Nifty |
5988.4 |
-27.75 |
(0.46) | 0.63 |
Aluminum |
2071.00 |
6.00 |
0.29 |
(0.10) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2035.00 |
14.00 |
0.69 |
(2.16) |
Dow Jones | 13384.29 |
-50.92 |
(0.38) | 3.45 |
Nickel |
17400.00 |
190.00 |
1.10 |
1.99 |
|
NASDAQ |
3098.814 |
-2.84 |
(0.09) | 4.68 |
Lead |
2315.00 |
10.00 |
0.43 |
(0.64) |
S&P 500 | 1461.89 |
-4.58 |
(0.31) | 4.24 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6064.58 |
-25.26 |
(0.41) | 2.35 |
Gold |
1649.75 |
2.80 |
0.17 |
(0.85) |
CAC 40 | 3704.64 |
-25.38 |
(0.68) | 2.33 |
Silver |
30.22 |
0.09 |
0.29 |
0.17 |
|
DAX |
7732.66 |
-43.71 |
(0.56) | 1.00 |
NYMEX Crude Oil |
93.28 |
0.09 |
0.10 |
1.59 |
|
Nikkei 225 |
10548.56 |
-50.45 |
(0.48) | 3.11 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
23248.73 |
-81.02 |
(0.35) | 2.61 |
Infosys |
43.29 |
0.61 |
1.43 |
3.59 |
|
Shanghai |
2276.375 |
-8.99 |
(0.39) | 3.19 |
ICICI B |
44.86 |
-0.14 |
-0.31 |
3.17 |
|
CSI 300 |
2525.578 |
-10.41 |
(0.41) | 3.31 |
Wipro |
8.99 |
0.05 |
0.56 |
3.45 |
|
KOSPI |
2002.62 |
-8.63 |
(0.43) | 0.28 |
Sterlite |
8.83 |
-0.03 |
-0.34 |
3.03 |
|
Taiwan |
7718.81 |
-36.28 |
(0.47) | 0.25 |
HDFCB |
40.76 |
-0.35 |
-0.85 |
(0.05) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
28.79 |
-0.04 |
-0.14 |
1.59 |
|
SGX Nifty |
6012.5 |
3.00 |
0.05 |
#N/A N/A |
Tata Com |
8.96 |
-0.20 |
-2.18 |
6.41 |
|
Dow Jones |
13313 |
6.00 |
0.05 |
2.20 |
DR.Reddy |
34.09 |
-0.09 |
-0.26 |
3.05 |
|
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
0.905 |
0.00 |
0.00 |
1.69 |
|
USD-INR X-RATE |
55.23 |
0.15 |
(0.27) | (0.42) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
72.00 |
0.34 |
(0.47) | 0.75 |
SBI |
91.5 |
-0.70 |
-0.76 |
2.12 |
|
INR-JPY X-RATE |
1.59 |
0.00 |
0.06 |
(0.31) | RIL |
31.1 |
-0.47 |
-1.49 |
0.65 |
|
BALTIC DRY INDEX |
712 |
6.00 |
0.85 |
1.8598 |
L&T |
28.9 |
-0.85 |
-2.86 |
(3.34) |
SOURCE:BLOOMBERG
ECONOMY:
* Nine Indian states to sell 59.08b rupees of bonds
EQUITY MOVERS:
* Colgate Palmolive India said some of workmen at Goa plant have resorted to unauthorised temporary stoppage of work from Jan. 6, filing.
* GMR Infrastructure unit has terminated the conscession agreement with NHAI for six laning 555km highway: filing.
* Rollatainers said its directors will meet to consider free shrs issue on Jan. 10: filing.
* Suzlon Energy’s unit Repower Systems SE, to supply wind turbines at Infinergy, Triodos Parks in U.K.
OTHER NEWS:
* India must undertake phased energy price rationalization, Prime Minister Manmohan Singh said in speech in Kochi. He said energy
remains underpriced in India; coal, petroleum products and natural gas prices are well below international rates.
* RBI allows repos in CP, CD, bonds of less than 1-yr maturity, Central bank says in circular on website.
* RBI will try to issue new bank permit norms soon, RBI Deputy Governor Anand Sinha told reporters in Mumbai.
* Assets under management at Indian mutual fund +5.4% to 7.87t Rupees as of Dec. 31 vs 7.47t at the end of Sept.: AMFI website
* State reserves of rice, wheat in India rose 20% to 66.7 mln tons, Food Corp. of India says on website.
* India’s Exim Bank tightens guidance on 10-yr $ bond to T+225 BPA.
CONFERENCES/EVENTS:
* President of India Pranab Mukherjee will visit today to U.P. (Lucknow) to inaugurate the 125th year celebrations of Uttar Pradesh
Legislature and release a postage stamp.
* 1:30 pm: Mumbai. Mahatma Gandhi’s personal Memorabilia arriving and will be received at the Mumbai airport today.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai
Rajesh Desai
MARKETS
Asian Market is trading lower as Hang Seng was down by 0.08% while Nikkei 225 was up by 1.07% and Chinese markets were down by 0.48%.
Most Hong Kong stocks fell, with the city’s benchmark index poised to close the week little changed, after data showed China’s inflation
accelerated more than forecast. Overnight U.S. markets were up by 0.60%.
Infy’s result came in line with our expectations but beat the street’s estimates.
MARKET STATS AT 8:00AM
|
Domestic Indices |
Last Price |
CH |
% CH |
% CH 5D |
N-Ferrous Metals |
Last Price |
CH |
% CH |
% CH 5D |
|
Sensex |
19781.37 |
117.82 |
0.60 |
(0.01) | Copper |
8129.75 |
14.75 |
0.18 |
0.55 |
|
Nifty |
5994.35 |
25.70 |
0.43 |
(0.36) | Aluminum |
2115.00 |
1.50 |
0.07 |
2.67 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
|
2047.00 |
8.00 |
0.39 |
0.34 | ||||||
|
Dow Jones |
13471.22 |
80.71 |
0.60 |
0.60 |
Nickel |
17500.00 |
95.00 |
0.55 |
0.84 |
|
NASDAQ |
3121.759 |
15.95 |
0.51 |
0.68 |
Lead |
2346.00 |
12.50 |
0.54 |
0.45 |
|
S&P 500 |
1472.12 |
11.10 |
0.76 |
0.87 |
|
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6101.51 |
2.86 |
0.05 |
0.90 |
Gold |
1673.30 |
-2.15 |
-0.13 |
1.07 |
|
CAC 40 |
3703.12 |
-14.33 |
(0.39) | (0.49) |
Silver |
30.81 |
-0.04 |
-0.14 |
1.99 |
|
DAX |
7708.47 |
-12.00 |
(0.16) | (0.62) |
NYMEX Crude Oil |
93.87 |
0.05 |
0.05 |
0.84 |
|
Nikkei 225 |
10766.34 |
113.70 |
1.07 |
0.73 |
|
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
23334.49 |
-19.82 |
(0.08) | 0.01 |
Infosys |
43.95 |
1.27 |
2.98 |
1.10 |
|
Shanghai |
2272.784 |
-10.87 |
(0.48) | (0.18) |
ICICI B |
44.64 |
-0.05 |
-0.11 |
(0.69) |
CSI 300 | 2520.647 |
-9.92 |
(0.39) | (0.15) |
Wipro |
9.18 |
0.09 |
0.99 |
1.66 |
|
KOSPI |
1991.45 |
-15.35 |
(0.76) | (1.02) |
Sterlite |
8.74 |
0.05 |
0.58 |
(2.89) |
Taiwan | 7812.47 |
0.83 |
0.01 |
0.08 |
HDFCB |
40.38 |
0.03 |
0.07 |
(1.27) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
|
30.66 |
0.20 |
0.66 |
4.68 | ||||||
|
SGX Nifty |
6024 |
27.50 |
0.46 |
(0.31) | Tata Com |
9.13 |
0.04 |
0.44 |
(0.44) |
Dow Jones | 13412 |
6.00 |
0.04 |
0.49 |
DR.Reddy |
34.7 |
0.07 |
0.20 |
0.84 |
|
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
0.905 |
0.00 |
0.00 |
|
0.00 | ||||
|
USD-INR X-RATE |
54.45 |
-0.13 |
0.23 |
1.15 |
|
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
72.17 |
0.67 |
(0.93) | (0.71) |
SBI |
93.75 |
-0.55 |
-0.58 |
2.46 |
|
INR-JPY X-RATE |
1.64 |
0.01 |
(0.43) | (1.71) |
RIL |
31.2 |
-0.27 |
-0.86 |
(1.73) |
BALTIC DRY INDEX | 751 |
8.00 |
1.08 |
7.28571 |
L&T |
28.67 |
-0.29 |
-1.00 |
(5.60) |
SOURCE:BLOOMBERG
ECONOMY:
* 11 am: India November industrial production. Est. 0.1%.
EQUITY MOVERS:
* GAIL India commissions Dabhol LNG terminal which will be expanded to 10 mmtpa in 2-3 yrs: e-mailed statement.
* Rollatainers directors approved issue of 3 free shrs for every 2 held by shareholders: filing.
OTHER NEWS:
* Finance Minister Palaniappan Chidambaram planning tour of Asia, Europe to woo investors to India as record current- account deficit
threatens growth.
* Indian states’ gross fiscal gap in FY13 likely to improve at 2.1% vs 2.3%: RBI
* India’s Nifty Futures to trade on Japan’s Osaka Securities Exchange by March 2014, NSE says in e-mail.
* L’Oreal open to acquiring brands in India, Jean-Paul Agon says at opening of new development center in Mumbai.
EARNINGS:
* Infosys - 3Q, Est. 22.4b rupees.
* CMC - 3Q, Est. 579m rupees.
* Bajaj Corp - 3Q, Est. 378m rupees.
* Triveni Turbine - 3Q, Est. 236m rupees.
CONFERENCES/EVENTS:
* 9:30 am: Bengalore. BCIC organizes conference on “Role of Industrial Relations in the changing Economic Scenario”.
* 11 am: Bangalore. RBI governor D. Subbarao to review the progress made under FIP in the state of Karnataka
* 2 pm: Infosys Ltd. hold a conference call on earnings
* 3 pm: Mumbai. H.M. Bharuka, MD of Kansai Nerolac Paints Ltd. hold a press conference with brand ambassador Shah Rukh Khan
* 3 pm: New Delhi. Sunil Mittal, leading Psychiatrist and director of CIMBS to discuss on causes and solutions of increasing incidents of
Rape and Sexual Violence against Women in India.
* 3:30 pm: New Delhi. Petroleum & natural gas minister M. Veerappa Moily to launch New Consumer Friendly LPG Distribution Initiative
* 5 pm: Bajaj Corp Ltd hold a conference call on earnings
* 5 pm: CMC Ltd. hold a conference call on earnings.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai
Rajesh Desai
MARKETS
Asian Market is trading higher as Hang Seng was down by 0.25% while Nikkei 225 was up by 1.26% and Chinese markets were up by 0.68%.
Asian stocks rose to a 17-month high as Japanese shares gained and the yen traded near the weakest since June 2010. Apple Inc. suppliers
slid on a report the iPhone-maker cut production. Overnight U.S. markets were up by 0.14%. SGX Nifty at 9:00AM was trading at 6053 with
a loss of 13 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19906.41 |
242.77 |
1.23 |
1.09 |
Copper |
8026.00 |
26.00 |
0.33 |
(0.67) |
Nifty | 6024.05 |
72.75 |
1.22 |
0.37 |
Aluminum |
2060.00 |
8.00 |
0.39 |
(0.34) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
|
2005.00 |
9.00 |
0.45 |
(0.74) | ||||||
Dow Jones | 13507.32 |
18.89 |
0.14 |
0.92 |
Nickel |
17360.00 |
105.00 |
0.61 |
0.20 |
|
NASDAQ |
3117.503 |
-8.13 |
(0.26) | 0.60 |
Lead |
2300.00 |
3.00 |
0.13 |
(1.22) |
S&P 500 | 1470.68 |
-1.37 |
(0.09) | 0.60 |
|
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6107.86 |
-13.72 |
(0.22) | 0.71 |
Gold |
1672.05 |
4.20 |
0.25 |
(0.20) |
CAC 40 | 3708.25 |
2.23 |
0.06 |
0.10 |
Silver |
31.17 |
0.12 |
0.38 |
1.00 |
|
DAX |
7729.52 |
13.99 |
0.18 |
(0.04) | NYMEX Crude Oil |
94.02 |
-0.12 |
-0.13 |
0.93 |
|
Nikkei 225 |
10937.62 |
136.05 |
1.26 |
3.19 |
|
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
23355.15 |
-58.11 |
(0.25) | 1.06 |
Infosys |
51.93 |
-0.29 |
-0.56 |
19.96 |
|
Shanghai |
2322.415 |
10.68 |
0.46 |
2.04 |
ICICI B |
44.92 |
0.49 |
1.10 |
0.13 |
|
CSI 300 |
2591.535 |
13.81 |
0.54 |
2.62 |
Wipro |
9.86 |
0.08 |
0.82 |
9.68 |
|
KOSPI |
1992.93 |
-14.11 |
(0.70) | (0.25) |
Sterlite |
8.64 |
0.00 |
0.00 |
(2.15) |
Taiwan | 7753.09 |
-70.88 |
(0.91) | 0.41 |
HDFCB |
42.05 |
1.32 |
3.24 |
3.16 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
|
30.03 |
-0.48 |
-1.57 |
4.31 | ||||||
|
SGX Nifty |
6053 |
-13.50 |
(0.22) | 0.12 |
Tata Com |
8.9 |
0.19 |
2.18 |
(0.67) |
Dow Jones | 13427 |
-6.00 |
(0.04) | 1.21 |
DR.Reddy |
34.99 |
0.17 |
0.49 |
2.64 |
|
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
0.905 |
0.00 |
0.00 |
0.00 |
|
USD-INR X-RATE |
54.50 |
-0.26 |
0.48 |
1.33 |
|
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
72.80 |
0.19 |
(0.26) | (1.09) |
SBI |
93.7 |
-0.30 |
-0.32 |
2.40 |
|
INR-JPY X-RATE |
1.63 |
-0.01 |
0.49 |
(3.06) | RIL |
31.32 |
0.16 |
0.51 |
0.71 |
|
BALTIC DRY INDEX |
762 |
2.00 |
0.26 |
7.02247 |
L&T |
28.6 |
0.25 |
0.88 |
(1.04) |
SOURCE;BLOOMBERG
EQUITY MOVERS:
* Essar Oil : Co.’s Stanlow refinery fire extinguished, U.K. council says. Furnace fire occurred in a production unit at 8am on Jan. 12.
* Hero MotoCorp : Co. to spend 5.5b rupees to build plants in Neemrana, Rajasthan: statement.
* Mahindra and Mahindra : Co. raises capacity of Quanto, XUV500 and Rexton to cut waiting period for buyers.
* Tata Consultancy Services : 3Q net income +23% to 35.5b rupees vs 28.9b rupees year earlier.
* Unitech : The Indian property developer suing Deutsche Bank AG over an interest-rate swap agreement told a U.K. judge it wants to
add accusations to the lawsuit that the lender manipulated the London interbank offered rate.
OTHER NEWS:
* Dollar borrowing costs for state-run Indian Railways fell to a record low as the operator of the world’s third-longest train network
increased passenger fares for the first time since 2003.
* Hero MotoCorp Ltd., India’s biggest motorcycle maker, is wooing rural buyers with promotions such as free health checkups after
competition from former partner Honda Motor Co. prompted the first drop in sales in almost a decade.
* Urjit Patel appointed deputy governor for 3 yrs starting Jan. 11: RBI statement. Patel to handle monetary policy, financial markets, economic
and statistical research and communication, among other functions.
* Mahindra and Mahindra raises capacity of three models to cut waiting time. Mahindra increases Quanto capacity to 3,500 units per month,
XUV500 to 4,500 units per month and Rexton capacity to 500 units.
EARNINGS:
* Axis Bank - 3Q Est. 12.8b rupees
* NIIT Technologies 3Q Est. 537m rupees
* South Indian Bank 3Q Est. 1.21b rupees
* Bajaj Finance 3Q Est. 1.57b rupees
* Development Credit Bank 3Q Est. 234m rupees
* Den Networks 3Q Est. 169m rupees
* Essar Oil 3Q Est. 1.05b rupees
* Bajaj Finserv, Gruh Finance, Reliance Industrial
Infrastructure, C. Mahendra Exports.
CONFERENCES/EVENTS:
* 10 am: Mumbai. ChemTech World Expo 2013, the 26th International Exhibition and Conference Jan. 15-18. Speakers include
Sudhir Vasudeva, CMD of ONGC; A.K. Purwaha, CMD of Engineers India Ltd. and Richard Clemens, MD of VDMA, Germany.
* 11 am: Mumbai. Deep Mukherjee, director of India Ratings & Research, a Fitch Group co., will share its annual outlook reports on
the retail sector.
* 12:30 pm: Mumbai. Indian Railway Finance Corp. press conference on its public issue of tax-free bonds.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai