MORNING NOTE Apr 29, 2013
Rajesh Desai
MARKETS
Asian Market is trading mixed as Hang Seng was up by 0.02% while Nikkei 225 was down by 0.30% and Chinese markets were
down by 0.83 %. Asian stocks climbed with gold amid optimism central banks will maintain loose monetary policies to boost economic
growth. The yen strengthened against most of its major peers, while oil dropped. Overnight U.S. markets were up by 0.08%. SGX Nifty
at 8:00AM was trading at 5917 with a gain of 08 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19286.72 |
-120.13 |
(0.62) | 2.97 |
Copper |
7013.75 |
-16.25 |
-0.23 |
1.14 |
|
Nifty |
5871.45 |
-44.85 |
(0.76) | 1.53 |
Aluminum |
1880.00 |
2.00 |
0.11 |
(0.69) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1890.00 |
-7.00 |
-0.37 |
0.43 |
|
Dow Jones |
14712.55 |
11.75 |
0.08 |
1.13 |
Nickel |
15250.00 |
45.00 |
0.30 |
(0.33) |
NASDAQ | 3279.263 |
-10.72 |
(0.33) | 2.28 |
Lead |
2022.75 |
-14.25 |
-0.70 |
0.63 |
|
S&P 500 |
1582.24 |
-2.92 |
(0.18) | 1.74 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6426.42 |
-16.17 |
(0.25) | 2.22 |
Gold |
1469.25 |
7.15 |
0.49 |
3.00 |
|
CAC 40 |
3810.05 |
-30.42 |
(0.79) | 4.33 |
Silver |
24.23 |
0.23 |
0.96 |
3.34 |
|
DAX |
7814.76 |
-18.10 |
(0.23) | 4.76 |
NYMEX Crude Oil |
92.65 |
-0.35 |
-0.38 |
4.38 |
|
Nikkei 225 |
13884.13 |
-41.95 |
(0.30) | 4.26 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22551.59 |
3.88 |
0.02 |
2.30 |
Infosys |
40.1 |
-0.76 |
-1.86 |
(3.93) |
Shanghai | 2177.912 |
-21.30 |
(0.97) | (2.97) |
ICICI B |
45.39 |
-0.63 |
-1.37 |
1.70 |
|
CSI 300 |
2447.306 |
-20.57 |
(0.83) | (3.41) |
Wipro |
7.65 |
-0.07 |
-0.91 |
(5.90) |
KOSPI | 1939.49 |
-5.07 |
(0.26) | 0.68 |
Sterlite |
6.54 |
-0.16 |
-2.39 |
1.71 |
|
Taiwan |
8024.75 |
2.69 |
0.03 |
0.68 |
HDFCB |
42.14 |
-0.22 |
-0.52 |
3.28 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
27 |
-0.15 |
-0.55 |
3.81 |
|
SGX Nifty |
5917 |
8.00 |
0.14 |
3.81 |
Tata Com |
8.18 |
-0.07 |
-0.85 |
(0.85) |
Dow Jones | 14647 |
-2.00 |
(0.01) | 1.02 |
DR.Reddy |
36.29 |
-0.14 |
-0.38 |
2.72 |
|
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 |
54.38 |
0.15 |
(0.28) | (0.74) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
70.70 |
-0.15 |
0.21 |
(0.28) | SBI |
84 |
-2.10 |
-2.44 |
(0.36) |
INR-JPY X-RATE | 1.79 |
-0.01 |
0.45 |
2.06 |
RIL |
29.12 |
-1.33 |
-4.37 |
1.93 |
|
BALTIC DRY INDEX |
871 |
-1.00 |
(0.11) | -1.91441 |
L&T |
28.07 |
0.11 |
0.39 |
3.77 |
SOURCE:BLOOMBERG
ECONOMY:
* Normal India Monsoon Poised to Bolster Farm Output, Curb Prices.
EQUITY MOVERS:
* Cholamandalam Investment 4Q net income rises 59% to 857.6m rupees from 538.6m rupees last year.
* Future Ventures India entering footwear business, buying 33.3% in KFC Shoemaker Pvt.
* Jaypee Infratech 4Q profit 1.48b rupees vs. 3.49b rupees: filing. Analysts est. 1.56b rupees.
* Polaris Financial Technology 4Q group profit 438.4m rupees vs. 611.4m rupees: statement. Analysts est. 478m rupees.
* Motilal Oswal 4Q profit 367.2m rupees vs. 217.2m rupees: filing. Co. to buy back as many as 7.5m
* Raymond 4Q net income falls 81% to 6.1m rupees from 31.7m rupees last year.
* Rolta India 3Q profit 731.4m rupees vs. 672.6m rupees: filing.
* Sesa Goa 4Q group net income 2.98b rupees vs. 11.6b rupees, according to e-mailed statement. That missed the 3.85b rupee
estimate of 16 analysts.
* Suzlon Energy unit REpower Systems to cut jobs by as many as 750 worldwide; cost reduction of 100m Euros to be realized
by FY13/14: BSE statement. Suzlon shares -1.8% to 13.95 rupees
* Total SA has no interest in bidding for Mozambique Gas Field stake being sold by Anadarko Petroleum and Videocon Industries
OTHER NEWS:
* Hindustan Unilever 4Q profit may be 7.6b rupees vs. 6.87b rupees a yr earlier, median of 33 analyst estimates shows
* Median estimate of 20 analysts shows Sterlite Industries’ net income at 14.4b rupees vs. 12.8b rupees a yr earlier
* India may get above-average monsoon rainfall for the third time in four years in 2013, Earth Sciences Minister S. Jaipal Reddy says
* ICICI Bank expects 100 bps reduction in policy rates in FY14, CEO Chanda Kochhar says. Bank may add close to 500 branches in FY14
* India forex reserves -$485.9m to $294.8b as of April 19: RBI
EARNINGS:
* Hindustan Unilever - 4Q, Est. 7.60b rupees
* Sterlite Industries - 4Q, Est. 14.4b rupees
* Indian Overseas Bank - 4Q, Est. 3.49b rupees
* ING Vysya Bank - 4Q, Est. 1.65b rupees
* Exide Industries - 4Q, Est. 1.31b rupees
* Shree Cement - 3Q, Est. 2.33b rupees
* Hexaware Technologies - 1Q, Est. 705m rupees
* KPIT Cummins Infosystems - 4Q, Est. 528m rupees
* Geometric - 4Q, Est. 184m rupees
* Alstom T&D India, State Bank of Mysore, Bank of Maharashtra,
Dolphin Offshore Enterprises, Bosch India, Tata Metaliks
CONFERENCES/EVENTS:
* 10:30am: New Delhi. Economic Affairs secretary Arvind Mayaram and Montek Ahluwalia, deputy chairman of planning commission,
will inaugurate the India PPP Summit
* 11am: Ravi Sud, VP & CFO, and Anil Dua, VP, sales at Hero MotoCorp, hold a conference call to discuss 4Q and FY13 results
* 11:30am: Mumbai. RBI Deputy Governor K.C. Chakrabarty speaks and interacts with participants of BCSBI at the conference of
principal code compliance officers of banks
* 11:30am: Mumbai. Dinesh Shahra, MD of Ruchi Soya Industries, to announce a strategic tie-up with two Japanese multinationals
* 2pm: Mumbai. Sharad Sharma, MD of State Bank of Mysore, to discuss annual results for FY13 and the way forward
* 2:30pm: Shyam Srinivasan, MD & CEO of Federal Bank, to interact with media on a conference call to discuss FY13 results.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai