MARKETS
Asian Market is trading lower as Hang Seng was down by 0.56% while Nikkei 225 was down by 1.37% and Chinese markets were up by 0.18%.
Asian stocks fell, with the regional benchmark index poised to close lower for the first time in three days, on concern Italy’s elections may
reignite Europe’s debt crisis. Overnight U.S. markets were down by 1.55%. SGX Nifty at 8:00AM was trading at 5819 with a loss of 25 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19331.69 |
14.68 |
0.08 |
(0.87) | Copper |
7872.00 |
36.00 |
0.46 |
(2.21) |
Nifty | 5854.75 |
4.45 |
0.08 |
(1.43) | Aluminium |
2037.00 |
0.00 |
0.00 |
(3.51) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2096.00 |
7.00 |
0.34 |
(2.74) |
Dow Jones | 13784.17 |
-216.40 |
(1.55) | (1.41) |
Nickel |
16741.00 |
36.00 |
0.22 |
(3.73) |
NASDAQ | 3116.251 |
-45.57 |
(1.44) | (2.37) |
Lead |
2301.25 |
7.25 |
0.32 |
(3.11) |
S&P 500 | 1487.85 |
-27.75 |
(1.83) | (2.10) |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
FTSE 100 |
6355.37 |
19.67 |
0.31 |
0.59 |
Gold |
1596.95 |
3.44 |
0.22 |
1.30 |
CAC 40 |
3721.33 |
15.05 |
0.41 |
1.48 |
Silver |
29.07 |
0.07 |
0.22 |
1.38 |
DAX |
7773.19 |
111.28 |
1.45 |
1.89 |
NYMEX Crude Oil |
92.42 |
-0.69 |
-0.74 |
(4.39) |
Nikkei 225 | 11502.3 |
-160.22 |
(1.37) | 1.14 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
Hang Seng |
22692.17 |
-127.91 |
(0.56) | (1.95) |
Infosys |
54.58 |
1.10 |
2.06 |
6.19 |
Shanghai |
2329.919 |
4.10 |
0.18 |
(2.22) | ICICI B |
41.71 |
-0.48 |
-1.14 |
(3.38) |
CSI 300 | 2617.226 |
12.27 |
0.47 |
(2.55) | Wipro |
9.48 |
0.02 |
0.21 |
3.04 |
KOSPI |
1998.47 |
-11.05 |
(0.55) | 0.64 |
Sterlite |
7.14 |
-0.01 |
-0.14 |
(3.38) |
Taiwan | 7914.9 |
-32.78 |
(0.41) | (1.42) |
HDFCB |
38.74 |
-0.45 |
-1.15 |
(2.76) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
27.23 |
-0.34 |
-1.23 |
(2.26) |
SGX Nifty | 5819.5 |
-25.50 |
(0.44) | (2.30) |
Tata Com |
8.05 |
-0.21 |
-2.54 |
(0.74) |
Dow Jones | 13804 |
16.00 |
0.12 |
(1.45) | DR.Reddy |
33.11 |
-0.05 |
-0.15 |
(2.27) |
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 |
53.88 |
-0.31 |
0.57 |
0.60 |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
EUR-INR X-RATE |
71.48 |
0.05 |
(0.07) | 1.16 |
SBI |
86 |
0.05 |
0.06 |
0.00 |
INR-JPY X-RATE |
1.71 |
0.02 |
(0.88) | 0.99 |
RIL |
31.75 |
0.07 |
0.22 |
1.60 |
BALTIC DRY INDEX |
743 |
3.00 |
0.41 |
-0.53548 |
L&T |
26.26 |
-0.09 |
-0.34 |
(3.46) |
SOURCE:BLOOMBERG
ECONOMY:
* Annual budget for railroad operator to be presented in parliament.
EQUITY MOVERS:
* Bharat Heavy signed preliminary agreement with Indian Railways to set up a coach manufacturing facility at Bhilwara in Rajasthan state.
* Core Education said shrs pledged with institutions have not been sold. Co. may ask regulators to investigate selloff that erased more
than half the value of its shrs. Cresta Fund sold 1.38m co. shrs for 113.71 rupees apiece: NSE filing.
* Kingfisher Airlines had all its international bilateral traffic rights withdrawn by Civil Aviation Ministry with immediate effect.
* Maruti Suzuki FII holding crosses 24% limit; further purchases by FIIs not allowed through stock exchanges, RBI says.
* Sanofi India 4Q profit 448m rupees vs 361m. Final dividend 29 rupees a shr.
* United Breweries says India market share more than 50%. Co.plans to introduce new product every 2 yrs.
OTHER NEWS:
* Ranbaxy Laboratories 4Q profit est. 2.52b rupees vs 29.8b loss yr ago.
* Sistema Shyam sole bidder for India’s March telecom spectrum auction, govt official says. India may restart spectrum auction process
and revise reserve price.
* Indian rocket PSLV-C20 successfully launches Indo-French satellite and six others into orbit: ISRO website.
* Supreme Court refuses to grant relief to Sahara companies
* Dry weather may cut 2013-14 sugar output in season starting Oct. 1 as new cane area may fall by as much as 25%: Macquarie.
* NTPC and Neyveli Lignite to announce mid-yr dividend
* India alloted 185 grid-linked solar power plants with 1,172- MW capacity in past three years: govt statement.
* Tata Consultancy Services Ltd., Asia’s largest software- services provider, agreed to pay $29.8 million to settle a wage dispute in
California with workers who were sent to work in the U.S. from India.
EARNINGS:
* Ranbaxy Laboratories - 4Q, Est. 2.52b rupees.
* Bata India - 4Q, Est. 535m rupees.
* Vesuvius India - 4Q & yr 2012 and dividend.
BULK DEALS:
* Cresta Fund sold 1.38m Core Education shares for 113.71 rupees apiece: NSE filing
CONFERENCES/EVENTS:
* 10 am: Mumbai. RBI Deputy Governor K.C. Chakrabarty speaks at Enterprising India Investors’ conference.
* 10 am: Chennai. CII and Japan External Trade Organisation seminar on Tamil Nadu - A Potential Investment Location for
Automotive Related Industry
* 11 am: New Delhi. Annual budget for India’s railroad operator presented in parliament.
* 2 pm: New Delhi. Ajman Free Zone Authority and FICCI discussion on Unlimited Business Opportunities - Ajman Free- Trade Zone, UAE
RAILWAY BUDGET EXPECTATIONS:
* Indian Railways plans to borrow 150 billion rupees this year as it adds more trains and replaces old coaches and wagons.
* INDIA PASSENGER RAIL FARES TO BE INCREASED BY REASONABLE LEVEL.
* Rise in freight rates
* Rolling stock
* Upgradation of lines
*Safety Devices
* New Lines
* Development of Stations
SOURCE: BLOOMBERG & ET
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
MARKETS
Asian Market is trading mixed as Hang Seng was down by 1.02% while Nikkei 225 was up by 0.59% and Chinese markets were down by 2.54%.
Asia’s benchmark stock index rose as Japanese shares rallied after Haruhiko Kuroda, the Bank of Japan governor nominee, told parliament
today he will do whatever it takes to end deflation. Overnight U.S. markets were up by 0.25%.
MARKET STATS AT 9:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 18918.52 |
56.98 |
0.30 |
(2.14) | Copper |
7698.00 |
-5.00 |
-0.06 |
(1.76) |
Nifty | 5719.7 |
26.65 |
0.47 |
(2.31) | Aluminium |
1972.00 |
-3.00 |
-0.15 |
(3.19) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2026.00 |
6.00 |
0.30 |
(3.02) | ||||||
Dow Jones | 14089.66 |
35.17 |
0.25 |
0.64 |
Nickel |
16610.00 |
5.00 |
0.03 |
(0.57) |
NASDAQ | 3169.744 |
9.55 |
0.30 |
0.25 |
Lead |
2248.25 |
4.25 |
0.19 |
(1.99) |
S&P 500 | 1518.2 |
3.52 |
0.23 |
0.17 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
FTSE 100 |
6378.6 |
17.79 |
0.28 |
0.68 |
Gold |
1578.55 |
2.32 |
0.15 |
(0.94) |
CAC 40 | 3699.91 |
-23.09 |
(0.62) | (0.17) |
Silver |
28.64 |
0.05 |
0.16 |
(1.25) |
DAX | 7708.16 |
-33.54 |
(0.43) | 0.60 |
NYMEX Crude Oil |
90.40 |
-0.28 |
-0.31 |
(2.91) |
Nikkei 225 | 11674.9 |
68.52 |
0.59 |
0.11 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
Hang Seng |
22647.65 |
-232.57 |
(1.02) | (0.76) |
Infosys |
53.97 |
0.04 |
0.07 |
0.92 |
Shanghai |
2299.565 |
-59.94 |
(2.54) | (1.13) |
ICICI B |
41.78 |
-0.14 |
-0.33 |
(0.97) |
CSI 300 | 2579.3 |
-89.54 |
(3.35) | (0.99) |
Wipro |
9.65 |
0.05 |
0.52 |
2.01 |
KOSPI |
2020.94 |
-5.55 |
(0.27) | 0.10 |
Sterlite |
6.93 |
-0.12 |
-1.70 |
(3.08) |
Taiwan | 7883.27 |
-81.36 |
(1.02) | (1.30) |
HDFCB |
38.15 |
0.10 |
0.26 |
(2.65) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
26.73 |
-0.41 |
-1.51 |
(3.05) | ||||||
Tata Com |
8.09 |
-0.07 |
-0.86 |
(2.06) | |||||
Dow Jones | 14034 |
-40.00 |
(0.28) | 1.78 |
DR.Reddy |
32.03 |
-0.57 |
-1.75 |
(3.41) |
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 |
55.04 |
0.13 |
(0.24) | (2.11) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
EUR-INR X-RATE |
71.45 |
-0.07 |
0.10 |
0.03 |
SBI |
82.2 |
-1.55 |
-1.85 |
(4.36) |
INR-JPY X-RATE | 1.70 |
-0.01 |
0.29 |
0.06 |
RIL |
29.6 |
-0.60 |
-1.99 |
(6.57) |
BALTIC DRY INDEX | 776 |
19.00 |
2.51 |
4.86487 |
L&T |
25.5 |
-0.15 |
-0.58 |
(3.23) |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Adani Enterprises set its share sale price at 220 rupees each: filing.
* Ashok Leyland Feb. sales -9.5% Y/y to 10,046 units.
* City Union Bank’s FII holding crosses 24% limit and further purchases on behalf of FIIs not allowed through stock exchanges:
RBI statement.
* Indian Oil increased gasoline prices by 1.4 rupees a liter, in the second time in 2 weeks: statement.
* UltraTech Cement says ops at unit Awarpur shut down due to work stoppage by workers.
OTHER NEWS:
* The finance minister will answer questions on the budget at 8 p.m. local time
* India’s central bank Governor Duvvuri Subbarao said inflation remains “high and stubborn” and the decline in investment is a worry
* India’s FY14 gross borrowing will be at 5.79t rupees excluding buybacks: finance ministry statement. Govt. sets aside 500b rupees
for buyback and switching operations. These operations aim to ease redemption pressure for FY16, FY17 and FY18
* India’s govt. is studying revoking permits from some coal blocks, three people with knowledge of matter said
* India cut benchmark import price of gold to $521 per 10 grams from $535 on Feb. 15: finance ministry website. Silver price reduced
from $1,003 a kilogram, ministry says
* India raises benchmark import price of crude palm oil to $849/ton: finance ministry website. Benchmark import price of RBD palm oil in
increased from $912, and crude soybean oil cut from $1,229
* Demand for renewable-energy credits in India -34% in February from the previous month as regulators failed to enforce clean- energy
targets for companies.
* Punjab National Bank hosts EGM in New Delhi
CONFERENCES/EVENTS:
* 0850. New Delhi. RBI Governor Duvvuri Subbarao to deliver keynote address at the India-OECD-World Bank Conference on Financial Education.
* 1100. New Delhi. RBI DG Urjit Patel moderating a panel discussion in India-OECD World Bank Regional Dissemination Conference
on Financial Education.
* 1130. New Delhi. Anand Sharma, India’s minister of commerce, industry and textiles will address at South Indian Green Cardamom Co.
(SIGCC) and Tata Global Beverages Ltd. event for announcement that benefit the consumer and the spice grower community. Speakers
include Sajan Kurian, chairman of SIGCC; Jayathilak A., chairman of Spices Board of India and R.K. Krishnakumar, vice chairman of
Tata Global Beverages.
* 1330. New Delhi. Jiginder Singh, president & MD of Ford India, holds press conference to unveil Ford Figo celebration edition.
* 1500. New Delhi. Finance Minister Palaniappan Chidambaram meets with industrialists.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
MARKETS
Asian Market is trading mixed as Hang Seng was up by 0.18% while Nikkei 225 was up by 0.60% and Chinese markets were down by 0.06%.
Asia’s benchmark stock index fell, led by Samsung Electronics Co. and Australian banks. The Nikkei 225 Stock Average extended its
advance for a sixth day after better than estimated U.S. economic reports overnight. Overnight U.S. markets were up by 0.30%.
SGX Nifty at 8:00AM was trading at 5834 with a loss of 11points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19252.61 |
109.44 |
0.57 |
0.52 |
Copper |
7724.00 |
34.00 |
0.44 |
(1.16) |
Nifty | 5818.6 |
34.35 |
0.59 |
2.21 |
Aluminium |
1963.00 |
9.00 |
0.46 |
(2.09) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1987.00 |
9.00 |
0.46 |
(3.78) | ||||||
Dow Jones | 14296.24 |
42.47 |
0.30 |
1.57 |
Nickel |
16590.00 |
65.00 |
0.39 |
(0.06) |
NASDAQ | 3222.365 |
-1.77 |
(0.05) | 1.90 |
Lead |
2190.00 |
0.00 |
0.00 |
(4.01) |
S&P 500 | 1541.46 |
1.67 |
0.11 |
1.68 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
FTSE 100 |
6427.64 |
-4.31 |
(0.07) | 1.61 |
Gold |
1582.06 |
-1.84 |
-0.12 |
0.16 |
CAC 40 |
3773.76 |
-13.43 |
(0.35) | 2.23 |
Silver |
28.96 |
-0.10 |
-0.36 |
1.46 |
DAX |
7919.33 |
49.02 |
0.62 |
3.17 |
NYMEX Crude Oil |
90.48 |
0.05 |
0.06 |
(1.71) |
Nikkei 225 | 12004.37 |
72.10 |
0.60 |
3.85 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
Hang Seng |
22817.76 |
39.92 |
0.18 |
(0.88) | Infosys |
54.76 |
0.61 |
1.13 |
0.38 |
Shanghai |
2345.886 |
-1.29 |
(0.06) | (0.83) |
ICICI B |
43 |
-0.36 |
-0.83 |
0.94 |
CSI 300 |
2649.302 |
-0.90 |
(0.03) | (0.90) |
Wipro |
9.95 |
0.17 |
1.74 |
3.54 |
KOSPI |
2000.55 |
-20.19 |
(1.00) | (0.17) |
Sterlite |
7.24 |
0.25 |
3.58 |
(1.63) |
Taiwan | 7962.13 |
11.83 |
0.15 |
0.81 |
HDFCB |
37.75 |
-0.20 |
-0.53 |
(4.33) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
28.24 |
0.46 |
1.66 |
2.69 | ||||||
SGX Nifty |
5834.5 |
-11.00 |
(0.19) | 1.33 |
Tata Com |
8.49 |
0.28 |
3.41 |
3.92 |
Dow Jones |
14272 |
7.00 |
0.05 |
1.67 |
DR.Reddy |
33.03 |
0.06 |
0.18 |
0.36 |
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 |
54.72 |
-0.21 |
0.37 |
(1.54) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
EUR-INR X-RATE |
71.35 |
-0.20 |
0.29 |
(1.10) | SBI |
84 |
0.00 |
0.00 |
(2.38) |
INR-JPY X-RATE | 1.71 |
0.00 |
0.23 |
(1.11) | RIL |
30.7 |
0.25 |
0.82 |
(1.10) |
BALTIC DRY INDEX | 820 |
14.00 |
1.74 |
10.0671 |
L&T |
26.28 |
0.63 |
2.46 |
(0.79) |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Bank of India alloted 22.1m shrs to govt of India at 365.70 rupees a shr.
* DLF approves sale of shrs through institutional placement program or other method to comply with public holding norms.
* Hindustan Petroleum recommends Rajasthan refinery project for federal govt approval at investment of 370b rupees
* Mahindra & Mahindra production loss from strike at Nashik plant about 500 vehicles; says no immediate impact on sales.
* Govt to set floor price today for sale of 12.5% stake or 68.96m shrs of Rashtriya Chemicals and Fertilizers
OTHER NEWS:
* Govt to approach Supreme Court about sale of telecom spectrum after proposed March auction, Telecom Minister Kapil Sibal says.
* Contract for 12 AgustaWestland AW101 choppers is on hold and payment stopped, Defense Minister A.K. Antony says.
CONFERENCES/EVENTS:
* 9:30 am: Chennai. CII organizes South India Infrastructure Investment Summit.
* 10 am: New Delhi. CII conference on Crop Diversification.
* 11 am: Gurgaon. Alchemist Hospital and K.D. Singh Foundation organize ‘Healthy Women Contest.’
* 11:30 am: Gurgaon. Launch of Vivanta by Taj-Gurgaon.
* 11:30 am: Mumbai. Tourism & Events Queensland and Singapore Airlines launch Summer Campaign with Matthew Hayden.
* 11:45 am: Bangalore. HDFC Bank press conference on Karnataka plans.
* 12:30 pm: Mumbai. Repco Home Finance IPO press conference.
* 6 pm: New Delhi. Commerce Minister Anand Sharma inaugurates ICC Asia Pacific CEO Forum organized by FICCI. C. Rangarajan,
chairman of prime minister’s economic advisory council, and Montek Singh Ahluwalia, deputy chairman of the Planning Commission,
to speak.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020