Morning Note, Feb 14, 2014
Rajesh Desai
MARKETS
Asian Market is trading higher as Hang Seng was up by 0.38% while Nikkei 225 was down by 0.69% and a Chinese market was down by 0.19%.
Asian stocks rose, with the regional benchmark index heading for its first weekly advance this year, as telecommunication and materials companies led gains.
Overnight U.S. markets were up by 0.40%. SGX Nifty at 8:00AM was trading at 6030 with a gain of 33 points.
MARKET STATS AT 8:00AM
|
Domestic Indices |
Last Price |
CH |
% CH |
% CH 5D |
N-Ferrous Metals |
Last Price |
CH |
% CH |
% CH 5D |
|
Sensex |
20193.35 |
-255.14 |
(1.25) | (0.58) |
Copper($/MT) |
7139.00 |
29.00 |
0.41 |
(0.03) |
Nifty | 6001.1 |
-82.90 |
(1.36) | (1.02) |
Aluminium($/MT) |
1739.75 |
-2.25 |
-0.13 |
1.21 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc($/MT) |
2027.50 |
3.50 |
0.17 |
0.27 |
|
Dow Jones |
16027.59 |
63.65 |
0.40 |
2.55 |
Nickel($/MT) |
14190.00 |
65.00 |
0.46 |
0.35 |
|
NASDAQ |
4240.672 |
39.38 |
0.94 |
4.52 |
Lead($/MT) |
2123.00 |
5.00 |
0.24 |
0.19 |
|
S&P 500 |
1829.83 |
10.57 |
0.58 |
3.18 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6659.42 |
-15.61 |
(0.23) | 1.54 |
Gold($/oz) |
1304.58 |
1.68 |
0.13 |
2.94 |
|
CAC 40 |
4312.8 |
7.30 |
0.17 |
2.98 |
Silver($/oz) |
20.75 |
0.25 |
1.22 |
3.60 |
|
DAX |
9596.77 |
56.77 |
0.60 |
3.68 |
NYMEX Crude Oil($/bbl) |
100.40 |
0.05 |
0.05 |
0.52 |
|
Nikkei 225 |
14435.07 |
-99.67 |
(0.69) | 1.98 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22248.96 |
83.43 |
0.38 |
2.83 |
Infosys |
58.38 |
-0.06 |
-0.10 |
1.50 |
|
Shanghai |
2105.146 |
6.75 |
0.32 |
2.97 |
ICICI B |
33.31 |
-0.38 |
-1.13 |
4.09 |
|
CSI 300 |
2283.974 |
4.42 |
0.19 |
3.23 |
Wipro |
12.89 |
0.10 |
0.78 |
1.66 |
|
KOSPI |
1943.26 |
16.30 |
0.85 |
1.08 |
Sterlite |
#N/A Sec |
#N/A Sec |
#N/A Sec |
#N/A Sec |
|
Taiwan |
8536.59 |
68.89 |
0.81 |
1.78 |
HDFCB |
32.73 |
-0.50 |
-1.50 |
1.68 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
31.04 |
0.28 |
0.91 |
7.70 |
|
SGX Nifty |
6030 |
33.50 |
0.56 |
(0.77) | Tata Com |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
Dow Jones |
15957 |
-22.00 |
(0.14) | 1.39 |
DR.Reddy |
42.02 |
-0.70 |
-1.64 |
(0.59) |
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 |
62.44 |
0.34 |
(0.54) | (0.09) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
85.34 |
0.64 |
(0.75) | (1.10) |
SBI |
48.4 |
-0.90 |
-1.83 |
(0.02) |
INR-JPY X-RATE | 1.64 |
-0.01 |
0.31 |
0.55 |
RIL |
25.72 |
-0.65 |
-2.46 |
(2.13) |
BALTIC DRY INDEX | 1097 |
12.00 |
1.11 |
0.45788 |
L&T |
15.69 |
-0.64 |
-3.92 |
0.38 |
SOURCE:BLOOMBERG
ECONOMY:
* 12pm: Wholesale-price inflation for Jan.; Est. +5.60% y/y
* RBI to release weekly FX, bank credit data
EQUITY MOVERS:
* Hindalco saved 34b rupees from 230b rupee project loan recast: Managing Director Debnarayan Bhattacharya.
* Indian Oil Corp. 3Q loss 9.61b rupees vs 33.3b profit: filing. Est. 19.3b loss.
* Natco Pharma 3Q group profit 298.8m rupees vs 225.9m: filing. Est. 240m rupees.
* Oil & Natural Gas Corp. 3Q net income 71.3b rupees vs 55.6b: filing. Est. 57.7b rupees.
* Shree Renuka Sugar to increase purchases from Indian mills as export subsidy cleared by cabinet: co.’s President Ravi Gupta.
* Sun Pharmaceutical gets U.S. FDA approval generic Temodar: filing.
* Telcos: India receives $9.8b of bids in spectrum auction; Bharti spends 185.3b buying airwaves; Vodafone 196b;
* United Spirits 3Q profit 649.2m rupees vs 805.5m: filing. Est. 1.09b rupees.
WHAT TO WATCH:
* Jan. benchmark WPI +5.6% y/y, median of 42 analysts est.
* State Bank 3Q net est. 25.2b, median of 38 analysts est.
* RBI’s Rajan: FY14 deficit may be equal or lower than target
* India receives $9.8b of bids in wireless spectrum auction
* RBI revises threshold limit for banks to report large exposure
EARNINGS:
* Britannia Industries - 3Q, Est. 955m rupees
* CRISIL - 4Q, Est. 675m rupees
* Dishman Pharmaceuticals - 3Q, Est. 214m rupees
* Mahindra & Mahindra - 3Q, Est. 9.20b rupees
* Nestle India - 4Q, Est. 3.13b rupees
* Rural Electrification - 3Q, Est. 12b rupees
* State Bank of India - 3Q, Est. 25.2b rupees
* Steel Authority of India - 3Q, Est. 5.04b rupees
* Unitech - 3Q, Est. 546m rupees
* ABG Shipyard, Bajaj Hindusthan, Bharati Shipyard, Cox &
Kings, DLF, Elder Pharmaceuticals, Financial Technologies,
Gammon India, Hindustan Oil Exploration Co., Housing
Development and Infrastructure, Indiabulls Power, IVRCL,
Kesoram Industries, Lakshmi Vilas Bank, Mahanagar Telephone
Nigam, MMTC, Pipavav Defence and Offshore Engineering,
Provogue India, Punj Lloyd, Shipping Corp. Of India, Shree
Renuka Sugars, Suzlon Energy, Videocon Industries
CONFERENCE CALLS:
* 10:30am: Cera Sanitaryware, Dial nos. 022-66290263/30650650
* 11am: Career Point, Dial nos. 022-66290349/30650129
* 11:30pm: TD Power Systems, Dial nos. 022-66295854/30652507
* 2pm: Areva T&D India, Dial nos. 022-66290025/30650025
* 5pm: Somany Ceramics, Dial nos. 022-66290341/30650128
CONFERENCES/EVENTS:
* 9am: Chennai. CII conference on corporate restructuring
* 11am: New Delhi. FICCI and All India Football Federation’s international convention on business of Football ’GOAL 2014’
* 2:30pm: Mumbai. Arundhati Bhattacharya, chairman of State Bank of India, holds press conference on 3Q earnings
* 2:30pm: Mumbai. 94.3 MY FM organizes ‘Stars of Industry Awards 2014’ for BFSI sector
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
