Microsec - MORNING NOTE
RAJESH DESAI
MARKETS
Asian Market is trading lower as Hang Seng was down by 0.03% while Nikkei 225 was up by 0.34% and Chinese markets were down by 1.10%. Most Hong Kong stocks fell, with the benchmark index swinging between gains and losses, amid signs growth is slowing in China’s economy, tempering optimism global central banks will take enough measures to boost demand. Overnight U.S. markets were up by 0.77. SGX Nifty at 8:00AM was trading at 5410 with a loss of 1 point.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 17783.21 |
-67.01 |
(0.38) | 0.71 |
Copper |
7640.00 |
-44.50 |
-0.58 |
1.34 |
|
Nifty |
5386.7 |
-28.65 |
(0.53) | 0.44 |
Aluminum |
1918.00 |
13.50 |
0.71 |
3.23 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1879.00 |
17.00 |
0.91 |
4.56 |
|
Dow Jones |
13157.97 |
100.51 |
0.77 |
(0.88) | Nickel |
16475.00 |
0.00 |
0.00 |
5.41 |
|
NASDAQ |
3069.786 |
16.38 |
0.54 |
(0.22) | Lead |
1971.00 |
19.00 |
0.97 |
4.01 |
|
S&P 500 |
1411.13 |
9.05 |
0.65 |
(0.50) |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
5776.6 |
0.00 |
0.00 |
(1.30) | Gold |
1675.80 |
5.25 |
0.31 |
3.41 |
|
CAC 40 |
3433.21 |
0.65 |
0.02 |
(1.58) | Silver |
31.19 |
0.41 |
1.32 |
8.33 |
|
DAX |
6971.07 |
21.50 |
0.31 |
(0.99) | NYMEX Crude Oil |
97.51 |
1.36 |
1.41 |
1.60 |
|
Nikkei 225 |
9101.22 |
30.46 |
0.34 |
(0.76) |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
19874.88 |
-5.15 |
(0.03) | (1.14) |
Infosys |
43.64 |
0.03 |
0.07 |
2.49 |
|
Shanghai |
2069.05 |
-23.05 |
(1.10) | (1.80) |
ICICI B |
34.54 |
-0.58 |
-1.65 |
(1.43) |
CSI 300 | 2243.475 |
-32.20 |
(1.42) | (2.53) |
Wipro |
8.07 |
-0.03 |
-0.37 |
0.50 |
|
KOSPI |
1914.74 |
-5.07 |
(0.26) | (1.62) |
Sterlite |
8.06 |
-0.06 |
-0.74 |
3.60 |
|
Taiwan |
7471.18 |
-6.35 |
(0.08) | 0.53 |
HDFCB |
34.48 |
-0.39 |
-1.12 |
(2.32) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
22.01 |
0.16 |
0.73 |
1.71 |
|
SGX Nifty |
5410 |
-1.00 |
(0.02) | 0.41 |
Tata Com |
8.36 |
0.02 |
0.24 |
0.12 |
|
Dow Jones |
13158 |
2.00 |
0.02 |
(0.54) | DR.Reddy |
29.94 |
-0.13 |
-0.43 |
1.22 |
|
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
1.53 |
0.10 |
6.99 |
28.57 |
|
USD-INR X-RATE |
55.50 |
0.24 |
(0.43) | 0.45 |
Patni |
18.584 |
0.06 |
0.35 |
(0.09) |
EUR-INR X-RATE | 69.40 |
0.03 |
(0.05) | (0.75) |
SBI |
73 |
-0.50 |
-0.68 |
0.41 |
|
INR-JPY X-RATE |
1.42 |
0.00 |
0.07 |
0.49 |
RIL |
28.28 |
-0.51 |
-1.77 |
(3.58) |
BALTIC DRY INDEX | 717 |
2.00 |
0.28 |
0.4201681 |
L&T |
25.52 |
-0.38 |
-1.47 |
(2.89) |
SOURCE:BLOOMBERG
ECONOMY:
* The government revised economic growth data back to the fourth quarter of 2005 while leaving the estimated pace of expansion in
the last fiscal year and the three months ended March unchanged.
EQUITY MOVERS:
* Bharti Airtel Ltd.: The nation’s largest telephone company picked eight banks including JPMorgan Chase & Co. and Barclays Plc to manage
an initial share sale of its towers unit.
* Larsen & Toubro Ltd.: The president of the power division of Asia’s largest construction company by market value, Ravi Uppal, is leaving the
Firm.
OTHER NEWS:
* A team of about 20 Air India pilots, flight attendants, engineers and operations personnel last week arrived in Charleston, South Carolina, to
prepare to receive the plane, Boeing India President Dinesh Keskar said Aug. 24.
* Maruti Suzuki India Ltd., the nation’s biggest carmaker, failed to meet its production target for the week after operations resumed at its
riot-hit Manesar factory following a month-long closure.
* Chanda D. Kochhar, chief executive officer of ICICI Bank Ltd., dismissed concerns about rising bad debts at Indian lenders, saying the problems
of the financial sector are being exaggerated.
* Indian Finance Minister Palaniappan Chidambaram’s promise of faster action to revive growth and Asia’s highest investment- grade yields are
helping restore confidence in the region’s worst-performing currency.
* India June FDI inflows at $1.24 billion versus $5.65 billion last year, according to government statement. April-June inflow was $4.43 billion
compared to $13.4 billion a year earlier.
* Gold may advance to as much as $1,850 an ounce by year end as demand increases for the metal as a haven, Philip Klapwijk, the global head of
metal analytics at Thomson Reuters GFMS Ltd., said on Aug. 24. Prices could rise to $1,700 in the next three weeks, he told reporters in the Indian
city of Hyderabad.
* Chancellor Angela Merkel told officials in her coalition calling for a Greek exit from the euro to “weigh their words,” as she signaled a renewed
determination to keep the single currency intact.
CONFERENCES/EVENTS:
* 10 a.m. Mumbai. CII organizes a 12th Marketing Summit 2012 to discuss on “Emerging Consumer Demand - The Rise of Small Town Indian” for
two days on Aug. 27-28. Speakers include Rahul Bajaj, chairman of Bajaj Auto Ltd.
* 5:30 p.m. New Delhi. FICCI and CCCME organize a session on ’India-China Entrepreneurs Dialogue’. Anand Sharma, India’s minister of commerce
& industry and Deming Chen, minister of Commerce of China, will inaugurate the session.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai