MORNING NOTE - Fri, Apr 26, 2013
Rajesh Desai
MARKETS
Asian Market is trading mixed as Hang Seng was up by 0.93% while Nikkei 225 was down by 0.42% and Chinese markets were
down by 0.15 %. Asian stocks rose, with the regional benchmark index heading for its biggest monthly advance this year,
as investors awaited the outcome of a Bank of Japan policy meeting. Overnight U.S. markets were up by 0.17%. SGX Nifty
at 8:00AM was trading at 5917 with a gain of 08 points.
MARKET STATS AT 9:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19406.85 |
227.49 |
1.19 |
3.53 |
Copper |
7138.25 |
-41.75 |
-0.58 |
2.12 |
|
Nifty |
5916.3 |
79.40 |
1.36 |
4.00 |
Aluminum |
1933.00 |
-8.00 |
-0.41 |
2.44 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1925.00 |
-11.00 |
-0.57 |
2.04 |
|
Dow Jones |
14700.8 |
24.50 |
0.17 |
1.13 |
Nickel |
15375.00 |
-40.00 |
-0.26 |
1.35 |
|
NASDAQ |
3289.986 |
20.33 |
0.62 |
3.90 |
Lead |
2064.50 |
-12.00 |
-0.58 |
2.20 |
|
S&P 500 |
1585.16 |
6.37 |
0.40 |
2.82 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6442.59 |
10.83 |
0.17 |
3.19 |
Gold |
1476.10 |
8.22 |
0.56 |
5.15 |
|
CAC 40 |
3840.47 |
-2.47 |
(0.06) | 6.70 |
Silver |
24.48 |
0.08 |
0.32 |
5.27 |
|
DAX |
7832.86 |
73.83 |
0.95 |
4.81 |
NYMEX Crude Oil |
93.28 |
-0.36 |
-0.38 |
5.99 |
|
Nikkei 225 |
13867.23 |
-58.85 |
(0.42) | 4.14 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22609.41 |
208.17 |
0.93 |
2.71 |
Infosys |
40.86 |
0.06 |
0.15 |
(0.99) |
Shanghai | 2191.3 |
-7.92 |
(0.36) | (2.38) |
ICICI B |
46.02 |
-0.16 |
-0.35 |
3.91 |
|
CSI 300 |
2464.14 |
-3.74 |
(0.15) | (2.75) |
Wipro |
7.72 |
-0.12 |
-1.53 |
(8.96) |
KOSPI | 1947.41 |
-4.19 |
(0.21) | 2.13 |
Sterlite |
6.7 |
0.15 |
2.29 |
4.36 |
|
Taiwan |
8047.89 |
26.14 |
0.33 |
1.48 |
HDFCB |
42.36 |
0.15 |
0.36 |
5.58 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
27.15 |
0.62 |
2.34 |
6.39 |
|
SGX Nifty |
5917 |
8.00 |
0.14 |
3.88 |
Tata Com |
8.25 |
0.01 |
0.12 |
0.00 |
|
Dow Jones |
14631 |
-22.00 |
(0.15) | 1.11 |
DR.Reddy |
36.43 |
1.13 |
3.20 |
3.97 |
|
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 |
54.23 |
-0.16 |
0.30 |
(0.47) | Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
70.85 |
0.21 |
(0.30) | (0.48) |
SBI |
86.1 |
0.95 |
1.12 |
2.74 |
|
INR-JPY X-RATE |
1.83 |
-0.01 |
0.27 |
0.87 |
RIL |
30.45 |
0.26 |
0.86 |
7.26 |
|
BALTIC DRY INDEX |
872 |
-7.00 |
(0.80) | -1.46893 |
L&T |
27.96 |
0.06 |
0.22 |
3.94 |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Bata India 1Q profit +7% to 384.6m rupees vs. 359.9m rupees yr earlier.
* IDBI Bank 4Q net -28% to 5.54b rupees vs. est. 5.67b rupees.
* Idea Cellular 4Q group net +29% to 3.08b rupees vs. est. 2.67b rupees.
* Jindal Steel & Power 4Q group profit -35% to 7.6b rupees vs. est. 9.7b rupees.
* NIIT Technologies wins 3.44b rupee contract from Airports Authority of India.
* Rallis India 4Q profit 112.6m rupees vs. 98.8m yr earlier. Est. 100m rupees.
* Tata Power to invest 12.5b rupees on wind capacity in India.
OTHER NEWS:
* ICICI Bank 4Q profit est. 22.9b rupees vs. 19b rupees yr earlier.
* Maruti Suzuki 4Q profit est. 7.05b rupees vs. 6.40b rupees.
* Hero Motocorp 4Q profit est. 5.02b rupees vs. 6.04b rupees.
* March crude oil production +0.2% to 3.2m tons; oil refinery output +5.6% to 16.1m tons: preliminary oil ministry data.
* India buys 16m tons of wheat from farmers vs. 13.6m, since April 1: food ministry statement.
* India Meteorological Department issues the first-stage long-range forecast for 2013 southwest monsoon season rainfall
for the country.
EARNINGS:
* ICICI Bank - 4Q, Est. 22.9b rupees.
* Maruti Suzuki India - 4Q, Est. 7.05b rupees.
* Hero MotoCorp - 4Q, Est. 5.02b rupees.
* LIC Housing Finance - 4Q, Est. 2.60b rupees.
* Raymond - 4Q, Est. 96.2m rupees.
* Castrol India - 1Q, Est. 1.27b rupees.
* Siemens India - 2Q, Est. 1.66b rupees.
* Merck, Clariant Chemicals India, Mastek, Advanta India,
State Bank of Travancore, Sterlite Technologies,
Cholamandalam Investment and Finance.
CONFERENCES/EVENTS:
* 10 am: New Delhi. ASSOCHAM’s Brand Summit 2013.
* 10:30 am: New Delhi. Food Minister K.V. Thomas presents Rajiv Gandhi National Quality Awards.
* 11 am: New Delhi. Road Transport Minister C.P. Joshi inaugurates workshop on Computerization in Transport Sector.
* 12 pm: Mumbai. V. Shankar, MD & CEO of Rallis India, speaks at earnings press conference.
* 1 pm: New Delhi. Population Services International press conference on improved sanitation in rural Bihar.
* 3 pm: Mumbai. Tata Sons press conference on Tata Innovista 2013, innovations within the group.
* 3 pm: Hyderabad. Granules India earnings press conference.
* 3 pm: New Delhi. Industries Secretary Saurabh Chandra delivers keynote address at FICCI Intellectual Property Rights event.
* 3:30 pm: Hero MotoCorp earnings conference call.
* 3:30 pm: Mumbai. Mastek Ltd. earnings press conference.
* 4 pm: New Delhi. Press conference by Science & Technology Minister S. Jaipal Reddy on Long Range Forecast for Southwest Monsoon rainfall.
* 6:45 pm: Bangaluru. India Ratings & Research organizes interaction with analysts on credit outlook for the Auto, Real Estate and Infrastructure sectors.
Source: BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai