MARKETS
Asian Market is trading higher as Hang Seng was up by 0.51% while Nikkei 225 was up by 1.33% and Chinese markets down
by 0.28%. Asian stocks, oil and the Australian dollar advanced after U.S. President Barack Obama expressed confidence that he
and Congress would reach a budget agreement. The yen weakened. Overnight U.S. markets were up by 0.37%. SGX
Nifty at 8:00AM was trading at 5589 with a gain of 16.00 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 18309.37 |
-162.00 |
(0.88) | (3.14) |
Copper |
7660.25 |
55.25 |
0.73 |
0.29 |
Nifty |
5574.05 |
-56.95 |
(1.01) | (2.87) |
Aluminum |
1946.00 |
-5.00 |
-0.26 |
(1.12) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1923.50 |
3.50 |
0.18 |
(0.44) |
Dow Jones | 12588.31 |
45.93 |
0.37 |
(1.77) | Nickel |
16100.00 |
140.00 |
0.88 |
0.16 |
NASDAQ |
2853.131 |
16.20 |
0.57 |
(1.78) | Lead |
2166.00 |
16.00 |
0.74 |
0.44 |
S&P 500 |
1359.88 |
6.55 |
0.48 |
(1.45) |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
FTSE 100 |
5605.59 |
-72.16 |
(1.27) | (2.84) |
Gold |
1722.03 |
8.28 |
0.48 |
(0.36) |
CAC 40 | 3341.52 |
-40.88 |
(1.21) | (2.40) |
Silver |
32.62 |
0.29 |
0.90 |
0.65 |
DAX |
6950.53 |
-92.89 |
(1.32) | (2.97) |
NYMEX Crude Oil |
87.57 |
0.65 |
0.75 |
2.34 |
Nikkei 225 |
9144.39 |
120.23 |
1.33 |
5.39 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
Hang Seng |
21267.38 |
108.37 |
0.51 |
(0.76) | Infosys |
42.55 |
0.69 |
1.65 |
(1.16) |
Shanghai | 2009.029 |
-5.70 |
(0.28) | (3.38) |
ICICI B |
37.36 |
-0.76 |
-1.99 |
(4.23) |
CSI 300 | 2168.904 |
-8.34 |
(0.38) | (3.68) |
Wipro |
8.15 |
0.02 |
0.25 |
(2.16) |
KOSPI | 1879.84 |
19.01 |
1.02 |
(1.11) | Sterlite |
7.11 |
0.03 |
0.42 |
(2.20) |
Taiwan | 7150.5 |
20.43 |
0.29 |
(1.61) | HDFCB |
37.68 |
0.36 |
0.96 |
0.80 |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
24.19 |
-0.21 |
-0.86 |
(5.32) |
SGX Nifty | 5589 |
16.00 |
0.29 |
(2.28) | Tata Com |
8.54 |
-0.11 |
-1.27 |
(1.84) |
Dow Jones | 12607 |
37.00 |
0.29 |
(1.35) | DR.Reddy |
31.69 |
0.12 |
0.38 |
(1.40) |
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
0.9401 |
-0.07 |
-6.92 |
(12.95) |
USD-INR X-RATE | 55.18 |
0.49 |
(0.89) | (0.76) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
EUR-INR X-RATE |
70.29 |
0.48 |
(0.68) | (0.91) |
SBI |
77.25 |
-2.90 |
-3.62 |
(5.21) |
INR-JPY X-RATE | 1.47 |
0.00 |
0.07 |
(1.83) | RIL |
27.88 |
-0.43 |
-1.52 |
(3.73) |
BALTIC DRY INDEX | 1036 |
12.00 |
1.17 |
10.21277 |
L&T |
28.36 |
-0.89 |
-3.04 |
(4.45) |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Oriental Bank of Commerce plans pricing 10y, 12b rupee bond at 8.93%, person familiar with matter said.
* Ranbaxy Laboratories plans 5b rupee 3-yr bond sale at 9.2% yield.
* Tata Motors’s Jaguar Land Rover unit and Chery Automobile Co. will invest 10.9b yuan to build a plant in eastern China.
OTHER NEWS:
* Other speakers at the conference include board member of Brazil’s central bank Luiz Awazu Pereira
* India’s forex reserves -$781.5m to $293.6b in week to Nov. 9, according to the Reserve Bank of India
* India farmers planted wheat on 4.96m hectares as of Nov. 16: Farm Ministry statement
* India will rise to second place, after China, on Global Manufacturing Competitiveness Index within 5 years, report says.
* Israel kept up its bombardment of the Gaza Strip amid a fifth day of rocket attacks on its cities.
CONFERENCES/EVENTS:
* 9 am: Mumbai. RBI deputy Governor Subir Gokarn will give the keynote address at RBI-ADB conference on managing capital flows.
* 9:30 am: New Delhi. Sriprakash Jaiswal, minister of coal will address 4th Coal Summit.
* 10 am: Mumbai. IIA Mumbai Chapter annual conference.
* 11 am: New Delhi. C. Rangarajan, chairman of the prime minister’s economic advisory council will preside over Exim Bank’s 30th year
commemoration lecture.
* 12 pm: Rajeev Sheth, CMD of Tara Jewels Ltd. briefs media on its IPO plan.
* 5 pm: Som Mittal, president of NASSCOM holds a conference call to discuss the operating environment for IT companies in India.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
MARKETS
Asian Market is trading higher as Hang Seng was up by 0.77% while Nikkei 225 was up by 0.10% and Chinese markets down by 0.10%.
Asian stocks rose for a third day after U.S. housing data boosted optimism that the world’s largest economy is recovering.
The euro weakened after France lost its top credit rating with Moody’s Investors Service. Overnight U.S. markets were up by 1.65%. SGX
Nifty at 8:00AM was trading at 5609 with a gain of 14.00 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 18339 |
29.63 |
0.16 |
(2.69) |
Copper |
7758.25 |
-45.75 |
-0.59 |
1.02 |
Nifty |
5571.4 |
-2.65 |
(0.05) |
(2.02) |
Aluminum |
1980.00 |
3.00 |
0.15 |
(0.25) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1936.50 |
-9.25 |
-0.48 |
0.08 | ||||||
Dow Jones |
12795.96 |
207.65 |
1.65 |
(0.15) |
Nickel |
16403.00 |
-72.00 |
-0.44 |
2.20 |
NASDAQ |
2916.07 |
62.94 |
2.21 |
0.41 |
Lead |
2190.00 |
-1.00 |
-0.05 |
1.81 |
S&P 500 |
1386.89 |
27.01 |
1.99 |
0.50 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
FTSE 100 |
5737.66 |
132.07 |
2.36 |
(0.51) |
Gold |
1734.20 |
2.50 |
0.14 |
0.53 |
CAC 40 |
3439.58 |
98.06 |
2.93 |
0.82 |
Silver |
33.19 |
0.07 |
0.21 |
2.14 |
DAX |
7123.84 |
173.31 |
2.49 |
(0.63) |
NYMEX Crude Oil |
89.09 |
-0.19 |
-0.21 |
4.35 |
Nikkei 225 |
9162.08 |
8.88 |
0.10 |
5.78 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
Hang Seng |
21425.72 |
163.66 |
0.77 |
1.12 |
Infosys |
43.27 |
0.72 |
1.69 |
1.10 |
Shanghai |
2014.999 |
-1.98 |
(0.10) |
(1.61) |
ICICI B |
37.9 |
0.54 |
1.45 |
(3.12) |
CSI 300 |
2176.355 |
1.37 |
0.06 |
(1.63) |
Wipro |
8.23 |
0.08 |
0.98 |
(0.84) |
KOSPI |
1889.07 |
10.97 |
0.58 |
(0.03) |
Sterlite |
7.12 |
0.01 |
0.14 |
(2.33) |
Taiwan |
7154.39 |
25.35 |
0.36 |
0.26 |
HDFCB |
38.82 |
1.14 |
3.03 |
1.12 |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
24.61 |
0.42 |
1.74 |
(3.38) | ||||||
SGX Nifty |
5609 |
14.00 |
0.25 |
(1.95) |
Tata Com |
8.71 |
0.17 |
1.99 |
0.11 |
Dow Jones |
12741 |
3.00 |
0.02 |
0.19 |
DR.Reddy |
32.05 |
0.36 |
1.14 |
(0.03) |
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
0.9456 |
0.01 |
0.59 |
(8.19) | |
USD-INR X-RATE |
55.07 |
-0.11 |
0.20 |
(0.35) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
EUR-INR X-RATE |
70.30 |
0.02 |
(0.03) |
(0.63) |
SBI |
78.5 |
1.25 |
1.62 |
(2.97) |
INR-JPY X-RATE |
1.48 |
-0.01 |
0.54 |
(2.10) |
RIL |
28.29 |
0.41 |
1.47 |
(0.70) |
BALTIC DRY INDEX |
1054 |
18.00 |
1.74 |
9.222798 |
L&T |
28.66 |
0.30 |
1.06 |
(2.42) |
SOURCE:BLOOMBERG
ECONOMY:
* Twelve Indian states will sell 91.4b rupees ($1.7b) of bonds today, the RBI said.
EQUITY MOVERS:
* Tube Investments of India Ltd. acquired 26% in Shanthi Gears Ltd. in an open offer: co. stock exchange filing.
* ABB India F&O contracts to stop trading from Feb. 1 after existing contracts end, NSE said in notice on website.
* Reliance Capital in talks for general insurance unit stake sale, PTI reports, citing CEO Sam Ghosh.
OTHER NEWS:
* A planned recast of $4.8 billion of debt by billionaire brothers Shashikant and Ravikant Ruia helped drive the biggest rally in Essar Energy
Plc’s convertible bonds since they were issued two years ago.
* India will consider Ikea’s proposal to set up stores in India, according to the agenda of a meeting of the Foreign Investment Promotion Board
on its website.
* India’s RBI advises banks not to finance gold purchases, the central bank said in a notification on its website.
* FX volatility dominant if current account gap is high, RBI deputy governor Subir Gokarn said in Mumbai.
CONFERENCES/EVENTS:
* 10 am: New Delhi. Praveen Mahajan, chairperson, Central Board of Excise & Customs, delivers the keynote address at a conference on
taxation based on negative list of services.
* 10:45 am: New Delhi. Jyotiraditya Scindia, minister of state for power, to announce launch of NTPC’s special industry initiative for youth of
Jammu & Kashmir. Farooq Abdullah, minister of new & renewable energy, will be present.
* 11 am: New Delhi. Institute for Defence Studies and Analyses organizes session with Ng Eng Hen, Singapore’s defense minister, on
Regional Security Architecture.
* 11:30 am: Bangalore. D.K. Mehrotra, chairman of LIC of India, speaks at launch of a national-level mobile hospital program of Smile Foundation.
* 3 pm: New Delhi. Foreign Investment Promotion Board to consider Ikea’s proposal.
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 0.53% while Nikkei 225 was up by 1.02% and Chinese markets down by 0.06%.
Overnight U.S. markets were down by 0.06%. Asian stocks rose as an increase in U.S. housing starts added to signs the world’s largest
economy is recovering. The yen weakened to a seven-month low as Japan’s exports fell more than expected, while oil advanced.
SGX Nifty at 8:00AM was trading at 5596 with a gain of 14.00 points.
MARKET STATS AT 8:00AM
Domestic Indices |
Last Price |
CH |
% CH |
% CH 5D |
N-Ferrous Metals |
Last Price |
CH |
% CH |
% CH 5D |
Sensex |
18329.32 |
-9.68 |
(0.05) | (1.90) |
Copper |
7707.00 |
-76.00 |
-0.98 |
0.88 |
Nifty |
5571.55 |
0.15 |
0.00 |
(1.97) | Aluminum |
1952.00 |
-12.00 |
-0.61 |
(0.91) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1915.00 |
-25.00 |
-1.29 |
(1.79) | ||||||
Dow Jones | 12788.51 |
-7.45 |
(0.06) | 0.25 |
Nickel |
16350.00 |
-255.00 |
-1.54 |
1.21 |
NASDAQ |
2916.684 |
0.61 |
0.02 |
1.14 |
Lead |
2153.00 |
-17.00 |
-0.78 |
(1.33) |
S&P 500 | 1387.81 |
0.92 |
0.07 |
0.97 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
FTSE 100 |
5748.1 |
10.44 |
0.18 |
(0.66) | Gold |
1726.50 |
-0.80 |
-0.05 |
0.01 |
CAC 40 |
3462.06 |
22.48 |
0.65 |
0.92 |
Silver |
33.06 |
-0.10 |
-0.32 |
1.16 |
DAX |
7172.99 |
49.15 |
0.69 |
0.05 |
NYMEX Crude Oil |
87.06 |
0.31 |
0.36 |
0.86 |
Nikkei 225 |
9235.85 |
93.21 |
1.02 |
6.59 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
Hang Seng |
21341.08 |
112.80 |
0.53 |
(0.47) | Infosys |
42.05 |
-1.22 |
-2.82 |
(0.07) |
Shanghai | 2003.672 |
-5.25 |
(0.26) | (2.52) |
ICICI B |
37.71 |
-0.19 |
-0.50 |
(2.93) |
CSI 300 | 2163.598 |
-1.28 |
(0.06) | (2.68) |
Wipro |
8.09 |
-0.14 |
-1.70 |
(1.34) |
KOSPI | 1893.42 |
3.24 |
0.17 |
(0.03) | Sterlite |
7 |
-0.12 |
-1.69 |
(1.96) |
Taiwan | 7139.34 |
-6.43 |
(0.09) | (0.29) |
HDFCB |
39.05 |
0.23 |
0.59 |
2.23 |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
24.38 |
-0.23 |
-0.93 |
(2.83) | ||||||
SGX Nifty | 5596.5 |
13.50 |
0.24 |
(1.90) | Tata Com |
8.47 |
-0.24 |
-2.76 |
(2.19) |
Dow Jones | 12754 |
-5.00 |
(0.04) | 1.67 |
DR.Reddy |
31.76 |
-0.29 |
-0.90 |
(0.90) |
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
0.95 |
0.00 |
0.47 |
(7.77) | |
USD-INR X-RATE | 55.10 |
0.03 |
(0.05) | (0.40) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
EUR-INR X-RATE |
70.54 |
0.24 |
(0.34) | (0.97) |
SBI |
77.65 |
-0.85 |
-1.08 |
(3.12) |
INR-JPY X-RATE | 1.49 |
0.00 |
(0.20) | (1.75) |
RIL |
27.92 |
-0.37 |
-1.31 |
(2.38) |
BALTIC DRY INDEX | 1066 |
12.00 |
1.14 |
8.22335 |
L&T |
28.25 |
-0.41 |
-1.43 |
(3.98) |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Oil & Natural Gas unit ONGC Videsh plans to sell dollar bonds next qtr to fund acquisitions.
* Oil ministry withdraws note opposing KG-D6 gas price hike by Reliance Industries.
OTHER NEWS:
* Syndicated loan volumes in India slumped to the lowest since the global financial crisis started as the highest borrowing costs
among Asia’s major economies made companies wary of expansion and banks reluctant to lend.
* The U.S. is hesitant about India’s proposal for a currency- swap deal because the rupee isn’t fully convertible, Reserve Bank
of India Governor Duvvuri Subbarao said.
* India’s BJP-led group to press for vote on retail FDI after a discussion in parliament, BJP spokesman Ravi Shankar Prasad said.
The group will consider a possible no-confidence vote with other opposition parties, he said.
* India market regulator directed stock exchanges to stop mini-index derivative contracts. No fresh mini-derivatives contracts
on Sensex or Nifty will be allowed, SEBI said on its website. Existing contracts can trade until expiry.
* India said to sell 106.2b rupees of debt-purchase permits.
* India’s consumer prices for farm workers rose to 9.85% and for rural workers slowed to 9.84% in Oct. from 9.43% and 9.93%
respectively in Sept.: govt statement.
* ADB, India government sign $315m loan to help fund 450-MW Shongtong Karcham Hydroelectric Project in Kinnaur district of
Himachal Pradesh state.
IPOs:
* Tara Jewels Ltd.’s IPO opens today, closes Nov. 23. The co. raised 267m rupees from two anchor investors yesterday selling
1.16m shares at 230 rupees each.
BOND SALES:
* 3 pm: India to sell 50b rupees of 91-day bills.
* 3 pm: India to sell 50b rupees of 182-day bills.
CONFERENCES/EVENTS:
* 10 am: New Delhi. RBI Deputy Governor K.C. Chakrabarty addresses banking summit.
* 10 am: New Delhi. Montek Singh Ahluwalia, deputy chairman of the Planning Commission, addresses symposium on India-Japan
Strategic Partnership.
* 10 am: New Delhi. Industrial Fairs of Hannover inaugural.
* 3:30 pm: New Delhi. IDSA organizes talk by Tarek Azouz, Tunisia’s ambassador to India, on The Arab Spring: Tunisian Case.
Arvind Gupta, DG of IDSA, chairs the discussion.
* 6 pm: Mumbai. Subir Gokarn, RBI deputy governor, will preside over the annual commencement day lecture hosted by
Export-Import Bank of India. Jagdish Bhagwati, professor of economics and law of Columbia University, will give lecture on Developments
in the World Trading System: India’s Options.
* 7 pm: Mumbai. G. Srinivasan, CMD of New India Assurance Co., holds press conference to announce its half yearly results.
Source: BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020