MORNING NOTE
Rajesh Desai
MARKETS
Asian Market is trading higher as Hang Seng was up by 1.09% while Nikkei 225 was up by 2.10% and Chinese markets were
up by 0.20%.Asian stocks gained, with the regional benchmark index poised for its third week of advance, as Japan’s
economy returned to growth and jobless claims in the U.S. dropped, adding to signs the global economy is recovering.
Overnight U.S. markets were up by 0.30%. SGX Nifty at 8:00AM was trading at 5906 with a marginal gain .
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19413.54 |
160.93 |
0.84 |
2.93 |
Copper |
7779.25 |
14.25 |
0.18 |
0.99 |
|
Nifty |
5863.3 |
44.70 |
0.77 |
2.51 |
Aluminium |
1982.00 |
3.00 |
0.15 |
0.35 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1996.50 |
6.50 |
0.33 |
(1.16) |
Dow Jones | 14329.49 |
33.25 |
0.23 |
1.96 |
Nickel |
16665.00 |
15.00 |
0.09 |
0.36 |
|
NASDAQ |
3232.086 |
9.72 |
0.30 |
2.28 |
Lead |
2220.75 |
10.75 |
0.49 |
(1.04) |
S&P 500 | 1544.26 |
2.80 |
0.18 |
1.95 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6439.16 |
11.52 |
0.18 |
1.23 |
Gold |
1578.00 |
-0.98 |
-0.06 |
0.11 |
|
CAC 40 |
3793.78 |
20.02 |
0.53 |
1.90 |
Silver |
28.84 |
-0.07 |
-0.26 |
0.83 |
|
DAX |
7939.77 |
20.44 |
0.26 |
2.56 |
NYMEX Crude Oil |
91.33 |
-0.23 |
-0.25 |
0.72 |
|
Nikkei 225 |
12219.11 |
251.03 |
2.10 |
5.28 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
23019.22 |
247.78 |
1.09 |
0.61 |
Infosys |
54.69 |
-0.07 |
-0.13 |
1.41 |
|
Shanghai |
2328.869 |
4.59 |
0.20 |
(1.30) | ICICI B |
44.17 |
1.17 |
2.72 |
5.37 |
|
CSI 300 |
2622.426 |
2.95 |
0.11 |
(1.74) | Wipro |
10.07 |
0.12 |
1.21 |
4.90 |
|
KOSPI |
2003.84 |
-0.56 |
(0.03) | (1.12) |
Sterlite |
7.42 |
0.18 |
2.49 |
5.25 |
|
Taiwan |
8019.22 |
58.71 |
0.74 |
0.69 |
HDFCB |
39.31 |
1.56 |
4.13 |
3.31 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
28 |
-0.24 |
-0.85 |
3.17 |
|
SGX Nifty |
5906 |
0.50 |
0.01 |
3.13 |
Tata Com |
8.46 |
-0.03 |
-0.35 |
3.68 |
|
Dow Jones |
14311 |
-5.00 |
(0.03) | 1.68 |
DR.Reddy |
33.29 |
0.26 |
0.79 |
2.12 |
|
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
USD-INR X-RATE |
54.57 |
-0.16 |
0.28 |
(0.38) | Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
71.02 |
-0.32 |
0.46 |
0.41 |
SBI |
85.1 |
1.10 |
1.31 |
1.61 |
|
INR-JPY X-RATE |
1.75 |
0.01 |
(0.40) | (2.69) |
RIL |
31.15 |
0.45 |
1.47 |
3.15 |
|
BALTIC DRY INDEX |
834 |
14.00 |
1.71 |
10.1717 |
L&T |
26.84 |
0.56 |
2.13 |
4.64 |
SOURCE:BLOOMBERG
ECONOMY:
* Finance Minister P. Chidambaram addresses RBI’s central bank board about budget proposals.
* RBI Governor D. Subbarao and deputy governors address press meet after board meeting.
* Subbarao addresses members of the Bankers’ Club.
EQUITY MOVERS:
* ICICI Bank can’t be sued in Australia over its role in a A$5.8 billion ($5.9 billion) dispute regarding termination of coal-supply
agreement and scuttling of proposed urea plant, a judge ruled.
* Mahindra & Mahindra workers at Nashik plant call off strike.
* NOCIL starts rubber chemicals output at Gujarat factory.
* Rashtriya Chemicals & Fertilizers share sale floor price set at 45 rupees each.
* State Bank of India asset quality under cyclical stress and may stabilize in FY14, India Ratings says.
OTHER NEWS:
* Svenska Cellulosa AB close to signing land deal for hygiene products factory in India, CEO Jan Johansson says.
* STC seeks bids to import 5,000 tons of crude soybean oil.
* India allows exports of additional 5m tons of wheat.
* PEC invites bids to export 145,000 tons of wheat.
* Gateway Distriparks to announce 2nd mid-yr dividend.
* Wheat exports from India, the world’s second-biggest producer, may surge to an all-time high after the government approved
additional shipments to make room for a near-record harvest starting next month.
CONFERENCES/EVENTS:
* 9 am: Mumbai. Counsel General of South Africa in Mumbai Pule Malafene at commemoration of International Women’s Day.
* 9:30 am: Chennai. CII organizes conference on Automotive R&D Trends 2015: Cost Effective Green Mobility.
* 10 am: New Delhi. ICC Asia Pacific CEO Forum.
* 10:30 am: New Delhi. TCI announces 2nd edition of Logistics Focus, a quarterly in-house journal.
* 12 pm: New Delhi. Inauguration of Panasonic India’s 100 Thousand Solar Lights Project and compact solar light models.
* 12:15 pm: New Delhi. CARE, Global Compact Network & UN Women press conference on Women Empowerment Principles: Business
Promotes Gender Equality.
* 2 pm: Mumbai. U.S. Consul General Peter Haas speaks at Travel Trade Seminar: Destination America.
* 2:30 pm: New Delhi. Finance Minister P. Chidambaram addresses post-budget meeting of RBI’s central board of directors.
* 4 pm: New Delhi. National Bar Association of India discussion on key points of Budget 2013 with Kaushik Basu, vice president
& chief economist of World Bank.
* 4:30 pm: New Delhi. Kumari Selja, minister for social justice & empowerment, is chief guest at inauguration of event, Women
Beyond Boundaries, organized by PHD Chamber.
* 4:35 pm. New Delhi. RBI Governor D. Subbarao and deputy governors address press meet after board meeting.
* 6:30 pm: New Delhi. RBI Governor D. Subbarao addresses members of Bankers’ Club.
* 1930. New Delhi. Fiona Consumer Products introduces water purifying technology.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai