MORNING NOTE May 6, 2013
Rajesh Desai
MARKETS
Asian Market is trading mixed as Hang Seng was up by 0.95% while Nikkei 225 were closed and Chinese markets were
up by 0.81 %. Asian stocks rose, led by mining companies, after faster- than-forecast U.S. employment growth bolstered optimism
in the world’s largest economy, pushing a regional equities gauge higher for a second day. Overnight U.S. markets were up by 0.96%.
SGX Nifty at 8:00AM was trading at 5989 with a gain of 35 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19575.64 |
-160.13 |
(0.81) | 0.87 |
Copper |
7270.00 |
422.00 |
6.16 |
3.41 |
|
Nifty |
5944 |
-55.35 |
(0.92) | 1.24 |
Aluminum |
1882.00 |
71.00 |
3.92 |
0.21 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1885.00 |
66.00 |
3.63 |
(0.63) |
Dow Jones | 14973.96 |
142.38 |
0.96 |
1.78 |
Nickel |
15225.00 |
545.00 |
3.71 |
0.13 |
|
NASDAQ |
3378.633 |
38.01 |
1.14 |
3.03 |
Lead |
2038.00 |
97.00 |
5.00 |
0.05 |
|
S&P 500 |
1614.42 |
16.83 |
1.05 |
2.03 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6521.46 |
60.75 |
0.94 |
1.48 |
Gold |
1475.88 |
5.13 |
0.35 |
(0.00) |
CAC 40 | 3912.95 |
54.19 |
1.40 |
1.89 |
Silver |
24.22 |
0.10 |
0.42 |
(1.39) |
DAX | 8122.29 |
160.58 |
2.02 |
3.70 |
NYMEX Crude Oil |
96.64 |
1.03 |
1.08 |
2.26 |
|
Nikkei 225 |
13694.04 |
-105.31 |
(0.76) | (1.08) |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22904.72 |
214.76 |
0.95 |
1.58 |
Infosys |
43.39 |
0.82 |
1.93 |
8.20 |
|
Shanghai |
2221.567 |
16.16 |
0.73 |
0.15 |
ICICI B |
45.1 |
-1.57 |
-3.36 |
(0.64) |
CSI 300 | 2513.088 |
20.18 |
0.81 |
0.70 |
Wipro |
8.08 |
0.23 |
2.93 |
5.62 |
|
KOSPI |
1969.8 |
4.09 |
0.21 |
1.30 |
Sterlite |
7.32 |
0.11 |
1.53 |
11.93 |
|
Taiwan |
8161.76 |
26.73 |
0.33 |
1.74 |
HDFCB |
41.73 |
-1.39 |
-3.22 |
(0.97) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
26.63 |
-0.55 |
-2.02 |
(1.37) |
SGX Nifty | 5989.5 |
35.50 |
0.60 |
1.17 |
Tata Com |
8.43 |
0.05 |
0.60 |
3.06 |
|
Dow Jones |
14910 |
12.00 |
0.08 |
1.10 |
DR.Reddy |
37.38 |
0.15 |
0.40 |
3.00 |
|
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 |
53.94 |
0.12 |
(0.22) | 0.82 |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
70.78 |
-0.03 |
0.04 |
(0.12) | SBI |
83.7 |
-2.45 |
-2.84 |
(0.36) |
INR-JPY X-RATE | 1.85 |
0.00 |
(0.22) | (2.22) |
RIL |
29.6 |
-0.04 |
-0.13 |
1.65 |
|
BALTIC DRY INDEX |
878 |
5.00 |
0.57 |
0.80367 |
L&T |
29.22 |
0.12 |
0.41 |
4.10 |
SOURCE:BLOOMBERG
ECONOMY:
* 10:30 am: India HSBC-Markit services PMI for April
EQUITY MOVERS:
* Finolex Industries 4Q profit at 793.4m rupees vs. 561.9m yr earlier.
* Grasim 4Q profit rises to 8.18b rupees from 8.08b rupees; beats analysts est. 6.83b rupees.
* Gujarat Gas 1Q net income declines to 592.8m rupees from 649.5m rupees; lags analysts est. 644m rupees.
* Jaiprakash Associates 4Q net income 1.24b rupees vs. 2.84b a yr earlier; Lags behind analysts’ est. 1.66b rupees.
* Kansai Nerolac Paints 4Q net income rose to 1.23b rupees from 449m rupees; beat analysts est. 502m rupees.
* Sun Pharma Advanced Research says U.S. FDA declines to approve its new drug application in its present form; co. had sought
approval for Levetiracetam tablets, an anti-epileptic product.
* Titan Industries’ 4Q net income rises 28% to 1.85b rupees; Beats Est. 1.76b rupees.
* Thomas Cook (India) fixes price of proposed share issue to qualified institutional investors at 53.50 rupees/shr.
OTHER NEWS:
* Reserve Bank of India Governor Duvvuri Subbarao signaled the nation has almost no space left to ease monetary policy further,
following the third interest-rate cut this year to bolster a struggling economy
* India’s PEC seeks bids by May 10 to import 16,000 tons of RBD Palmolein. Shipment period May 10 to June 15.
* India lifts wheat harvest estimate to 93.6m metric tons from earlier est. 92.3m and near a record 94.9m tons last yr:statement
* NMDC keeps May iron ore prices unchanged: Co. statement
* India forex reserves +$1.61m to $296.4b as of April 26: RBI
* Scott Garments IPO withdrawn after offer subscribed 0.27times as of 5 p.m. on the last day of sale May 3. Co. had extended IPO
to May 3 and cut offer price band
* China, India agree to pull back troops amid border dispute
EARNINGS:
* Adani Ports and Special-
Economic Zone - 4Q, Est. 3.72b rupees.
* Adani Power - 4Q, Est. -4.0b rupees.
* Great Eastern Shipping Co. - 4Q, Est. 1.25b rupees.
* South Indian Bank - 4Q, Est. 1.35b rupees.
* Credit Analysis and Research, State Bank of Bikaner and
Jaipur, Gokaldas Exports, Emami, Fedders Lloyd Corp.
CONFERENCES/EVENTS:
* 11:30 am: Mumbai. NPCI and Oxigen to launch instant money transfer service OxiCash for the unbanked masses
* 11:30 am: Mumbai. Bhaskar J. Sarma, MD & CEO and Steve Hollow, deputy CEO of SBI General Insurance to address media
to unveil new policy and brief FY13 financial results
* 4 pm: Mumbai. Advanced Hair Studio India to unveil new technology for hair replacement
* 4 pm: Kolkata. MCC Chamber of Commerce & Industry organizes session on ‘Kolkata Port- Modernisation & Growth Prospects’
with R.P.S. Kahlon, chairman of Kolkata Port Trust.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai