MORNING NOTE
RAJESH DESAI
MARKETS
Asian Market is trading higher as Hang Seng was up by 0.87% while Nikkei 225 was up by 0.61% and Chinese markets were up by 0.19%. Asian stocks rose, with a regional index paring its first decline in three weeks, as oil and copper advanced. South Korea’s won strengthened. Overnight U.S. markets were up by 0.14percent. SGX Nifty at 8:00AM was trading at 5584 with a gain of 23 points.
MARKET STATS AT 8:00AM
|
Domestic Indices |
Last Price |
CH |
% CH |
% CH 5D |
N-Ferrous Metals |
Last Price |
CH |
% CH |
% CH 5D |
|
Sensex |
18349.25 |
-146.76 |
(0.79) | 1.94 |
Copper |
8310.00 |
40.00 |
0.48 |
(0.84) |
Nifty | 5554.25 |
-45.80 |
(0.82) | 2.19 |
Aluminum |
2113.00 |
3.00 |
0.14 |
(3.95) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2117.50 |
7.50 |
0.36 |
0.07 |
|
Dow Jones |
13596.93 |
18.97 |
0.14 |
0.42 |
Nickel |
18058.00 |
163.00 |
0.91 |
1.59 |
|
NASDAQ |
3175.96 |
-6.66 |
(0.21) | 0.64 |
Lead |
2278.50 |
13.50 |
0.60 |
0.60 |
|
S&P 500 |
1460.26 |
-0.79 |
(0.05) | 0.02 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
5854.64 |
-33.84 |
(0.57) | 0.60 |
Gold |
1771.80 |
3.20 |
0.18 |
0.08 |
|
CAC 40 |
3509.92 |
-21.90 |
(0.62) | 0.22 |
Silver |
34.79 |
0.11 |
0.33 |
0.36 |
|
DAX |
7389.49 |
-1.27 |
(0.02) | 1.08 |
NYMEX Crude Oil |
93.04 |
0.62 |
0.67 |
(6.02) |
Nikkei 225 | 9142.29 |
55.31 |
0.61 |
1.64 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
20769.77 |
178.85 |
0.87 |
0.68 |
Infosys |
47.859 |
0.35 |
0.73 |
1.12 |
|
Shanghai |
2028.585 |
3.75 |
0.19 |
(4.49) | ICICI B |
37.65 |
-0.22 |
-0.58 |
3.49 |
|
CSI 300 |
2200.822 |
4.87 |
0.22 |
(4.95) | Wipro |
8.83 |
0.06 |
0.68 |
1.85 |
|
KOSPI |
2000.8 |
10.47 |
0.53 |
(0.34) | Sterlite |
7.34 |
-0.21 |
-2.78 |
2.95 |
|
Taiwan |
7753.12 |
25.57 |
0.33 |
0.19 |
HDFCB |
36.01 |
-0.19 |
-0.52 |
(0.44) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
24.65 |
0.10 |
0.41 |
2.88 |
|
SGX Nifty |
5584 |
23.00 |
0.41 |
(0.02) | Tata Com |
9.18 |
0.02 |
0.22 |
3.85 |
|
Dow Jones |
13632 |
39.00 |
0.29 |
0.29 |
DR.Reddy |
30.68 |
-0.02 |
-0.07 |
(5.83) |
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
1.4 |
-0.04 |
-2.78 |
(3.45) |
USD-INR X-RATE | 54.39 |
0.39 |
(0.72) | 1.89 |
Patni |
18.96 |
-0.17 |
-0.89 |
1.83 |
|
EUR-INR X-RATE |
70.39 |
-0.18 |
0.25 |
1.57 |
SBI |
79.8 |
-0.40 |
-0.50 |
11.61 |
|
INR-JPY X-RATE |
1.44 |
0.00 |
0.14 |
0.62 |
RIL |
30.55 |
-0.65 |
-2.08 |
5.86 |
|
BALTIC DRY INDEX |
755 |
33.00 |
4.57 |
13.87632 |
L&T |
27.96 |
-0.49 |
-1.72 |
9.95 |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Mahindra & Mahindra Financial Services Ltd: The unit of India’s largest tractor maker approved the sale of a 12.4 percent stake
in Mahindra Insurance Brokers Ltd. for 643.3 million rupees to Leapfrog Financial Inclusion Fund, Singapore.
OTHER NEWS:
* The Indian company that’s posted losses for three years said Sept. 18 it has asked bondholders for a four-month extension on
redemption of $220.8 million of convertible notes due next month. The yield on its 2016 debt has surged 11 percentage points to
37.2 percent this year, compared with 10 percent for similar-maturity debt in Germany’s Nordex SE.
* India’s inflation as measured by consumer prices paid by farm workers accelerated 9.18 percent in August from 8.61 percent in
July, according to a government statement. Inflation for rural workers was 9.34 percent in August from 8.94 percent in July.
* A panel of ministers will decide on a pharmaceutical pricing policy in eight to 10 days, Farm Minister Sharad Pawar said after a meeting
in New Delhi yesterday.
* Equinix Inc., the operator of data centers for companies such as Amazon.com Inc. and Google Inc., expects to use acquisitions and
partnerships to enter markets in India and the Middle East, Chief Executive Officer Stephen Smith said in an interview.
SHAREHOLDERS MEET:
* 10:15 a.m. Chennai. Aban Offshore Ltd. holds its 26th annual shareholders meeting at Narada Gana Sabha Trust, T.T.K. Road.
* 10:30 p.m. Mumbai. Bharat Petroleum Corp. holds its 59th annual shareholders meeting at Rama Watumull Auditorium, K.C. College,
Churchgate.
* 10:30 a.m. New Delhi. Steel Authority of India Ltd. holds its 40th annual shareholders meeting at NDMC Indoor Stadium, Talkatora Garden.
* 11 a.m. Jalgaon. Jain Irrigation Systems Ltd. holds its 25th annual shareholders meeting at its registered office, Jain Plastic Park, N.H. No. 6,
Bambhori.
* 4:30 p.m. New Delhi. PTC India Ltd. holds its 13th annual shareholders meeting at FICCI, Tansen Marg.
BONDS SALE:
* 3 p.m. India to sell 40 billion rupees of 8.19% 2020 bonds.
* 3 p.m. India to sell 70 billion rupees New Issue 2025 bonds.
* 3 p.m. India to sell 20 billion rupees of 8.28% 2032 bonds.
* 3 p.m. India to sell 20 billion rupees of 8.83% 2041 bonds.
CONFERENCES/EVENTS:
* 9:30 a.m. New Delhi. Ajit Singh, minister for civil aviation, is the chief guest at the 5th ASSOCHAM International Conference on Civil Aviation.
* 10 a.m. New Delhi. Conference on Changing Paradigm in Retail. Speakers include Vikram Bakshi, Managing Director of McDonalds India, V.D.
Wadhwa, Managing Director of Timex Group, and K. Radhakrishnan, President of Future Fresh.
* 11 a.m. Delhi. Media interaction in New Delhi with officials at the Asian Development Bank in Manila through a video conference about the
likely approval of a partial co-guarantee facility on infrastructure bonds in India.
* 11 a.m. New Delhi. Indo German Chamber of Commerce organizes an industry meet to discuss policy and market development in the organic
industry.
* 11:30 a.m. New Delhi. Medtronic Foundation press conference to announce the progress, funding and a framework to address non- communicable
diseases in India.
* 11:30 a.m. Mumbai. Saffolalife Study 2012 to release study mapping factors affecting heart age, in association with the Indian Public Health Association.
* 2 p.m. Mumbai. Pharma Leaders organizes Annual Pharmaceutical Leadership Awards 2012 and panel discussion on Brand India Pharma. K,
Sankaranarayanan, governor of Maharashtra state, will be the chief guest. Speakers include Kewal Handa, MD of Pfize Ltd.; Shenaz Khalleli,
co-founder of PharmaLeaf India Pvt., and Francois Locoppe, CEO of Eubage Laboratory, Belgium.
* 6 p.m. Faridabad. FICCI and Facebook hold a seminar on Technology and Technology Financing for Small and Medium Business Boost Program.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai