MORNING NOTE May 22, 2013
Rajesh Desai
MARKETS
Asian Market is trading higher as Nikkei 225 was up by 1.16% and Chinese markets were up by 0.54%. Asian stocks rose,
with the regional benchmark index trading at a five-year high, before the Bank of Japan concludes a two-day policy meeting.
Trading on Hong Kong equity markets will be delayed due to a storm warning. Overnight U.S. markets were up
by 0.34%. SGX Nifty at 8:00AM was trading at 6141 with a gain of 22 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 20111.61 |
-112.37 |
(0.56) | 1.97 |
Copper |
7393.50 |
23.50 |
0.32 |
2.72 |
|
Nifty |
6114.1 |
-42.80 |
(0.70) | (0.53) |
Aluminum |
1859.75 |
-1.25 |
-0.07 |
1.10 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1856.00 |
5.00 |
0.27 |
1.81 |
|
Dow Jones |
15387.58 |
52.30 |
0.34 |
1.13 |
Nickel |
15050.00 |
-25.00 |
-0.17 |
0.97 |
|
NASDAQ |
3502.124 |
5.69 |
0.16 |
1.14 |
Lead |
2040.00 |
1.00 |
0.05 |
3.61 |
|
S&P 500 |
1669.16 |
2.87 |
0.17 |
1.14 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6803.87 |
48.24 |
0.71 |
1.76 |
Gold |
1378.99 |
2.62 |
0.19 |
(1.01) |
CAC 40 | 4036.18 |
13.33 |
0.33 |
1.77 |
Silver |
22.56 |
0.10 |
0.47 |
(0.20) |
DAX | 8472.2 |
16.37 |
0.19 |
1.60 |
NYMEX Crude Oil |
95.77 |
-0.41 |
-0.43 |
1.56 |
|
Nikkei 225 |
15559.95 |
178.93 |
1.16 |
3.07 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
23366.37 |
-126.66 |
(0.54) | 1.90 |
Infosys |
43.54 |
0.42 |
0.97 |
1.47 |
|
Shanghai |
2312.516 |
7.65 |
0.33 |
3.94 |
ICICI B |
46.95 |
-0.78 |
-1.63 |
0.54 |
|
CSI 300 |
2629.076 |
14.22 |
0.54 |
4.87 |
Wipro |
7.81 |
0.03 |
0.39 |
0.26 |
|
KOSPI |
1992.5 |
11.41 |
0.58 |
1.20 |
Sterlite |
7.01 |
-0.18 |
-2.50 |
0.29 |
|
Taiwan |
8395.84 |
12.79 |
0.15 |
0.93 |
HDFCB |
42.01 |
-0.38 |
-0.90 |
(0.97) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
26.67 |
-1.06 |
-3.82 |
(3.86) |
SGX Nifty | 6141.5 |
22.00 |
0.36 |
(0.37) | Tata Com |
7.93 |
-0.11 |
-1.37 |
(6.71) |
Dow Jones | 15353 |
-2.00 |
(0.01) | 0.77 |
DR.Reddy |
36.83 |
-0.83 |
-2.20 |
(2.59) |
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 |
55.42 |
0.30 |
(0.54) | (1.08) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
71.21 |
0.31 |
(0.43) | (0.30) |
SBI |
85.2 |
-1.90 |
-2.18 |
2.59 |
|
INR-JPY X-RATE |
1.85 |
0.00 |
0.05 |
0.81 |
RIL |
30.05 |
-0.10 |
-0.33 |
2.56 |
|
BALTIC DRY INDEX |
830 |
-6.00 |
(0.72) | -4.81651 |
L&T |
28.96 |
-0.49 |
-1.66 |
2.70 |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Heidelberg Cement India approves sale of Raigad cement grinding unit to JSW Group. Acquisition approved by JSW ISPAT Steel.
* JSW Energy founder offers 28.2m shares, or 1.72% stake, for sale at minimum of 61.50 rupees each.
* Oracle Financial Services Software founder offers 4.43m shares for sale at floor price of 2,275 rupees each.
* Puravankara Projects sets price band of 80 rupees to 85rupees in offer of shares to large investors.
* Tata Investment 4Q net 213.3m rupees vs. 249.2m.
* Tech Mahindra 4Q net 3.77b rupees vs. 3b. Beats est. of 3.24brupees.
OTHER NEWS
* Larsen 4Q net est. 18.8b rupees vs. 19.2b rupees yr ago
* SEBI issues guidelines on algorithmic trading systems
* SEBI eases some rules on mergers for listed cos
* Defense secretary Shashi Kant Sharma named nation’s comptroller & auditor general from May 23
BOND SALES:
* 3pm: India to sell 50b rupees of 91-day bills
* 3pm: India to sell 50b rupees of 182-day bills
EARNINGS:
* Larsen & Toubro - 4Q, Est. 18.8b rupees
* Zee Entertainment - 4Q, Est. 1.62b rupees
* Thermax - 4Q, Est. 1.10b rupees
* Redington (India) - 4Q, Est. 1.10b rupees
* Jyothy Laboratories - 4Q, Est. 290m rupees
* Geojit BNP Paribas Financial Services, Lakshmi Machine Works
CONFERENCE CALLS:
* 1 pm: P.I. Industries. Dial nos. +91-22-30650122/66290309
* 4 pm: City Union Bank. Dial nos. +91-22-66290386/30650160
CONFERENCES/EVENTS:
* 9 am: New Delhi. Finance Minister P. Chidambaram inaugurates ICSI seminar on Indian Financial Code that’s backed by the
Financial Sector Legislative Reforms Commission
* 9:30 am: Mumbai. RBI Governor D. Subbarao and deputy governors attend conference of state finance secretaries
* 10 am: New Delhi. Agriculture Minister Sharad Pawar will present Plant Genome Saviour Community Awards to farmers and farming communities
* 11:45 am: New Delhi. Shishir Baijal, managing director of Knight Frank India, to present new report on ‘Top Business
Districts in India to Invest In’
* 3 pm: New Delhi. Madhya Pradesh Chief Minister Shivraj Singh Chouhan meets Montek Singh Ahluwalia, deputy chairman of the
Planning Commission, on FY14 state plan
* 4 pm: Mumbai. Jyothy Laboratories holds analysts’ meet
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai