MARKETS
Asian Market is trading mixed as Hang Seng was down by 0.92% while Nikkei 225 was up by 0.96% and Chinese markets down
by 0.18%. Asian shares outside Japan fell, heading for the lowest close in two months, while metals and the Korean won slid on concern
the so-called U.S. fiscal cliff will curb growth in the biggest economy. Japanese equities rose. Overnight U.S. markets were down by 1.45%.
SGX Nifty at 8:00AM was trading at 5653 with a loss of 50.00 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 5689.25 |
-52.50 |
(0.91) |
(1.05) |
Copper |
7640.00 |
0.00 |
0.00 |
0.13 |
Nifty |
5738.75 |
-21.35 |
(0.37) |
(1.00) |
Aluminum |
1970.25 |
0.25 |
0.01 |
2.35 |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1937.00 |
-13.25 |
-0.68 |
0.41 |
Dow Jones |
12570.95 |
-185.23 |
(1.45) |
(2.80) |
Nickel |
16150.00 |
-5.00 |
-0.03 |
(0.06) |
NASDAQ |
2846.808 |
-37.08 |
(1.29) |
(3.08) |
Lead |
2174.00 |
-8.00 |
-0.37 |
(1.54) |
S&P 500 |
1355.49 |
-19.04 |
(1.39) |
(2.80) |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
FTSE 100 |
5722.01 |
-64.24 |
(1.11) |
(1.20) |
Gold |
1726.15 |
-0.20 |
-0.01 |
(0.31) |
CAC 40 |
3400.02 |
-30.58 |
(0.89) |
(0.28) |
Silver |
32.65 |
-0.03 |
-0.10 |
0.99 |
DAX |
7101.92 |
-67.20 |
(0.94) |
(1.81) |
NYMEX Crude Oil |
86.33 |
0.01 |
0.01 |
1.46 |
Nikkei 225 |
8748.29 |
83.56 |
0.96 |
(1.01) |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
Hang Seng |
21245 |
-196.99 |
(0.92) |
(1.49) |
Infosys |
41.71 |
-0.37 |
-0.88 |
(3.65) |
Shanghai |
2051.634 |
-3.79 |
(0.18) |
(0.96) |
ICICI B |
38.3 |
-0.55 |
-1.42 |
(3.31) |
CSI 300 |
2220.054 |
-3.06 |
(0.14) |
(1.13) |
Wipro |
8.18 |
-0.02 |
-0.24 |
(1.21) |
KOSPI |
1867.67 |
-26.37 |
(1.39) |
(2.44) |
Sterlite |
7.16 |
0.02 |
0.28 |
(3.76) |
Taiwan |
7155.75 |
-4.00 |
(0.06) |
(1.20) |
HDFCB |
37.48 |
-0.72 |
-1.88 |
(0.58) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
24.78 |
-0.31 |
-1.24 |
1.14 |
SGX Nifty |
5653 |
-52.00 |
(0.91) |
(2.54) |
Tata Com |
8.47 |
-0.19 |
-2.19 |
(6.62) |
Dow Jones |
12554 |
10.00 |
0.08 |
(1.73) |
DR.Reddy |
31.84 |
-0.21 |
-0.66 |
(2.42) |
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
0.98 |
-0.05 |
-4.85 |
0.19 |
USD-INR X-RATE |
54.88 |
0.12 |
(0.22) |
(0.49) |
Patni |
- |
- |
- |
- |
EUR-INR X-RATE |
69.86 |
0.22 |
(0.31) |
(0.01) |
SBI |
81.6 |
1.45 |
1.81 |
(0.37) |
INR-JPY X-RATE |
1.46 |
0.00 |
0.07 |
0.14 |
RIL |
28.7 |
0.10 |
0.35 |
(1.81) |
BALTIC DRY INDEX |
1011 |
26.00 |
2.64 |
10.37118 |
L&T |
29.53 |
0.11 |
0.37 |
(3.50) |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Bhushan Steel 2Q profit 2.02b rupees vs 2.07b rupees a yr earlier. Analysts est. 2.21b rupees.
* Indian Overseas Bank said it’s seeking an investment of 15b rupees from the government to bolster capital and boost lending.
* Nestle India 3Q profit 2.67b rupees vs 2.61b rupees a yr ago. Analysts est. 2.92b rupees.
* Patel Engineering 2Q profit decline to 188.9m rupees vs 301.1m rupees a yr ago.
* Sonata Software posted 2Q loss of 259.8m rupees vs 90.8m rupees profit a yr ago.
* Spicejet 2Q loss narrowed to 1.64b rupees from 2.4b rupees a yr ago. Analysts est. 1.16b rupees loss.
* Tata Motors isn’t in talks on a partnership with Peugeot, Tata Motors spokesman Debasis Roy says in a Nov. 14 phone interview.
German publication Manager Magazine reported Tata may help Peugeot with capital in case of an emergency. The company’s Jaguar
Land Rover unit reported Oct. retail sales of 25,176 units, up 10% Y/y.
* TVS Motor plans 7b rupee spending for expansion with holding co. Sundaram Clayton and unit Sundaram Auto Components over 3 yrs.
OTHER NEWS:
* Finance Minister P. Chidambaram to meet with the CEOs of state-owned banks in New Delhi.
* India’s inflation unexpectedly eased to an eight-month low in October. The wholesale-price index rose 7.45 percent from a year earlier
after climbing 7.81 percent in September, the Commerce Ministry said on Nov. 14. The median of 28 estimates in a Bloomberg News survey
was 7.9 percent.
* India 2G spectrum auction has no bidders for Delhi, Mumbai, Rajasthan and Karnataka areas, telecommunications department secretary
R. Chandrashekhar said in New Delhi on Nov. 12.
* Vodafone expects India phone tariffs to increase and sees more consolidation in the industry, Marten Pieters, CEO of the India unit,
said in New Delhi on Nov. 14. The company won’t make provisions for a tax case in India, CEO Vittorio Colao said in a Bloomberg TV interview.
EARNINGS:
* Wockhardt, Deccan Chronicle Holdings, Tulip Telecom.
BULK DEALS:
* Govt of Singapore buys 1.18m shrs of D.B. Corp., according to BSE filing. Shrs traded at 205 rupees each.
* Amansa Capital buys 1,005,337 shrs of D.B. Corp at 205rupees each.
* Janus Overseas Fund Sold 11.6m Reliance Communications Shares at 56 rupees each: NSE filing.
CONFERENCES/EVENTS:
* 9 am: Mumbai. XLRI Jamshedpur organizes ‘INSIGHT 2012’.Speakers include Jagdish Capoor, former deputy governor of RBI; Shankar
Narayanan, MD of Carlyle and Sanjiv Bhasin, CEO of DBS
* 1 pm: New Delhi. Finance Minister P. Chidambaram to address press conference after meeting CEOs of state-owned banks.
* 3 pm: Godrej Industries Ltd. to hold conference call.
* Mumbai. President Pranab Mukherjee to travel to Mumbai to present Jamnalal Bajaj award.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
MARKETS
Asian Market is trading higher as Hang Seng was up by 0.37% while Nikkei 225 was up by 1.88% and Chinese markets down
by 0.71%. Asian stocks rose, paring a weekly loss, as Japanese equities rallied amid speculation elections next month will hand
power to an opposition party that advocates more aggressive monetary easing. New Zealand’s dollar advanced. Overnight U.S.
markets were down by 0.23%. SGX Nifty at 8:00AM was trading at 5630 with a loss of 09.00 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 18471.37 |
-147.50 |
(0.79) |
(2.28) |
Copper |
7663.50 |
24.00 |
0.31 |
1.24 |
Nifty |
5631 |
-35.95 |
(0.63) |
(2.24) |
Aluminum |
1959.00 |
-5.00 |
-0.25 |
1.98 |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1948.00 |
-7.00 |
-0.36 |
2.96 | ||||||
Dow Jones |
12542.38 |
-28.57 |
(0.23) |
(2.10) |
Nickel |
16000.00 |
90.00 |
0.57 |
0.31 |
NASDAQ |
2836.936 |
-9.87 |
(0.35) |
(2.03) |
Lead |
2191.50 |
-7.50 |
-0.34 |
1.98 |
S&P 500 |
1353.33 |
-2.16 |
(0.16) |
(1.76) |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
FTSE 100 |
5677.75 |
-44.26 |
(0.77) |
(1.70) |
Gold |
1713.05 |
-2.75 |
-0.16 |
(1.05) |
CAC 40 |
3382.4 |
-17.62 |
(0.52) |
(0.74) |
Silver |
32.52 |
-0.11 |
-0.34 |
(0.25) |
DAX |
7043.42 |
-58.50 |
(0.82) |
(2.24) |
NYMEX Crude Oil |
85.50 |
0.05 |
0.06 |
(0.66) |
Nikkei 225 |
8995.91 |
166.19 |
1.88 |
2.72 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
Hang Seng |
21187.01 |
78.08 |
0.37 |
(0.92) |
Infosys |
41.86 |
0.15 |
0.36 |
(2.36) |
Shanghai |
2015.85 |
-14.44 |
(0.71) |
(2.57) |
ICICI B |
38.12 |
-0.18 |
-0.47 |
(2.61) |
CSI 300 |
2177.397 |
-16.23 |
(0.74) |
(2.83) |
Wipro |
8.13 |
-0.05 |
-0.61 |
(2.17) |
KOSPI |
1867.92 |
-2.80 |
(0.15) |
(1.92) |
Sterlite |
7.08 |
-0.08 |
-1.12 |
(5.73) |
Taiwan |
7134.02 |
-9.82 |
(0.14) |
(2.18) |
HDFCB |
37.32 |
-0.16 |
-0.43 |
(0.48) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
24.4 |
-0.38 |
-1.53 |
(5.17) | ||||||
SGX Nifty |
5630 |
-9.00 |
(0.16) |
(2.32) |
Tata Com |
8.65 |
0.18 |
2.13 |
(2.48) |
Dow Jones |
12496 |
-26.00 |
(0.21) |
(2.10) |
DR.Reddy |
31.57 |
-0.27 |
-0.85 |
(2.44) |
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
1.01 |
0.03 |
3.06 |
2.02 | ||||||
USD-INR X-RATE |
54.69 |
-0.19 |
0.35 |
(0.57) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
EUR-INR X-RATE |
69.81 |
0.00 |
(0.01) |
(0.24) |
SBI |
80.15 |
-1.45 |
-1.78 |
(3.43) |
INR-JPY X-RATE |
1.48 |
0.00 |
0.00 |
(1.76) |
RIL |
28.31 |
-0.39 |
-1.36 |
(3.67) |
BALTIC DRY INDEX |
1024 |
13.00 |
1.29 |
11.79039 |
L&T |
29.25 |
-0.28 |
-0.95 |
(3.88) |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Indian Oil cuts local gasoline prices by 0.95 rupee a liter.
* Kingfisher Air writes to India regulator on revival plan without specifying time frame, Indian aviation ministry official says.
* Oriental Bank of Commerce plans to raise 12b rupees via sale of lower tier II bonds.
OTHER NEWS:
* Ailing Mumbai politician Bal Thackeray’s condition fans concerns of violence by supporters of his Shiv Sena party.
* India will stick to its fiscal deficit target of 5.3% for FY13 even after the outcome of the 2G spectrum auction, Economic Affairs
Secretary Arvind Mayaram said in New Delhi.
* Air India’s 74b rupee bond issue fully subscribed, K.N. Shrivastava, civil aviation secretary, says.
* India open to tweaking airline FDI policy to enable investment, civil aviation ministry official says.
* India expects half of its planned $1.4 billion of solar- thermal power stations to be delayed and some to be scrapped as U.S. supplies
stall and dust-clouds diffuse the radiation required to drive generation.
BOND SALES:
* 3 p.m. India to sell 40b rupees of 8.07% 2017 bonds
* 3 p.m. India to sell 60b rupees of 8.15% 2022 bonds
* 3 p.m. India to sell 30b rupees of 8.97% 2030 bonds
CONFERENCES/EVENTS:
* 9 am: Dell earnings call for Asia Pacific & Japan with Amit Midha, president, APJ.
* 9:30 am: Hyderabad. CII and Dr. Reddy’s Laboratories Ltd. organize conference on Compassionate Leadership.
* 9:30 am: Bangalore. N. Santosh Hegde, former Lokayukta of Karnataka, inaugurates Bharat Electronics Ltd.’s Student Anti-Corruption Wing.
Anil Kumar, CMD of BEL, will be present.
* 10:30 am: Pune. RBI Governor D. Subbarao addresses the International Conference on Co-operatives.
* 11:30 am: New Delhi. Jagannath Pahadia, governor of Haryana state, speaks at Scholarship Distribution Ceremony 2012 at ITM University.
* 1 pm: New Delhi. Finance Minister P. Chidambaram briefs media after meeting north zone chief ministers and bankers.
* 3:15 pm: New Delhi. Finance Minister P. Chidambaram and Telecommunications Minister Kapil Sibal brief the media on spectrum auction.
* 6:30 pm: New Delhi. Ghulam Nabi Azad, minister of health and family welfare, is chief guest at the PHD Chamber Annual Awards for
Excellence 2012.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020