MORNING NOTE
RAJESH DESAI
MARKETS
Asian Market is trading mixed as Hang Seng was up by 0.38% while Nikkei 225 was down by 0.83% and Chinese markets were up by 1.45%. Asian stocks fell with U.S. stock futures, while the euro and Australian dollar weakened amid signs of a global slowdown and on concern Europe will struggle to contain its debt crisis. Oil, gold and copper declined. Overnight U.S. markets were down by 0.36percent. SGX Nifty at 8:00AM was trading at 5720 with a loss of 20 points.
Indian market continues to rally on the back of reforms in key sectors and increased liquidity flows led by FII’s. Some of the structural issues are suddenly seen to be reversing which is likely to favour a rally in the market. Today Shome panel is going to release a final report on GAAR issue.
MARKET STATS AT 8:00AM
|
Domestic Indices |
Last Price |
CH |
% CH |
% CH 5D |
N-Ferrous Metals |
Last Price |
CH |
% CH |
% CH 5D |
|
Sensex |
18762.74 |
183.24 |
0.99 |
0.05 |
Copper |
8160.00 |
-45.00 |
-0.55 |
(0.28) |
Nifty | 5703.3 |
53.80 |
0.95 |
0.21 |
Aluminum |
2099.75 |
-12.25 |
-0.58 |
0.95 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2090.00 |
-6.00 |
-0.29 |
(0.62) |
Dow Jones | 13437.13 |
-48.84 |
(0.36) | (1.05) |
Nickel |
18161.00 |
-314.00 |
-1.70 |
1.03 |
|
NASDAQ |
3116.228 |
-20.37 |
(0.65) | (2.00) |
Lead |
2259.50 |
-20.50 |
-0.90 |
(0.33) |
S&P 500 | 1440.67 |
-6.48 |
(0.45) | (1.33) |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
5742.07 |
-37.35 |
(0.65) | (1.89) |
Gold |
1764.10 |
-8.00 |
-0.45 |
(0.02) |
CAC 40 | 3354.82 |
-84.50 |
(2.46) | (4.98) |
Silver |
34.22 |
-0.32 |
-0.93 |
0.68 |
|
DAX |
7216.15 |
-73.87 |
(1.01) | (3.16) |
NYMEX Crude Oil |
91.33 |
-0.86 |
-0.93 |
(0.65) |
Nikkei 225 | 8796.82 |
-73.34 |
(0.83) | (3.00) |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
20840.38 |
78.09 |
0.38 |
0.51 |
Infosys |
48.54 |
0.81 |
1.70 |
(0.37) |
Shanghai | 2086.169 |
29.88 |
1.45 |
2.93 |
ICICI B |
40.14 |
0.25 |
0.63 |
1.01 |
|
CSI 300 |
2293.106 |
41.39 |
1.84 |
4.28 |
Wipro |
8.95 |
0.04 |
0.45 |
(0.56) |
KOSPI | 1996.21 |
7.51 |
0.38 |
(0.31) | Sterlite |
7.59 |
0.03 |
0.40 |
(1.94) |
Taiwan | 7665.69 |
-49.47 |
(0.64) | (1.32) |
HDFCB |
37.58 |
0.24 |
0.64 |
2.20 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
25.68 |
1.01 |
4.09 |
1.26 |
|
SGX Nifty |
5720.5 |
2.50 |
(0.19) | (1.10) |
Tata Com |
9.12 |
-0.11 |
-1.19 |
(1.41) |
Dow Jones | 13317 |
-38.00 |
(0.28) | (1.28) |
DR.Reddy |
30.86 |
0.59 |
1.95 |
0.72 |
|
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
1.19 |
-0.04 |
-3.25 |
(13.14) |
USD-INR X-RATE | 52.86 |
-0.17 |
0.31 |
1.14 |
Patni |
19.52 |
-0.07 |
-0.36 |
1.93 |
|
EUR-INR X-RATE |
68.34 |
0.05 |
(0.08) | 1.48 |
SBI |
86.15 |
0.85 |
1.00 |
3.55 |
|
INR-JPY X-RATE |
1.47 |
0.00 |
0.27 |
(0.88) | RIL |
31.48 |
0.36 |
1.16 |
(0.73) |
BALTIC DRY INDEX | 766 |
22.00 |
2.96 |
-1.033592 |
L&T |
29.97 |
-0.27 |
-0.89 |
0.23 |
SOURCE:BLOOMBERG
ECONOMY:
* 10:30 am: India HSBC-Markit manufacturing PMI for Sept.
* 11 am: India August exports and imports data.
EQUITY MOVERS:
* India invites bids for Nov. 12 spectrum auction.
* NMDC plans coal-fired power plant.
* RIL sought approval to raise D6 block gas price.
OTHER NEWS:
* Exports shrank 9.7 percent in Aug., head of Foreign Trade Anup Pujari said Sept. 13.
* India’s April-Aug. budget deficit reaches 65.7% of target.
* India budget deficit may reach 6.1% of GDP: Kelkar panel.
* India Jan-March current-a/c deficit $16.4b Vs $21.7b.
* Indian states may borrow 550b-600b Rupees in 3Q of FY13.
* India Aug. consumer prices for industrial workers rose 10.31%.
* PEC invites tenders to export 225,000 tons wheat.
* Amtrada sees world Robusta Coffee shortage in 2012-13.
* India’s forex reserves -$502.4m to $294b in week to Sept. 21.
* India’s external debt placed at $349.5b at June-end: RBI
* Global Funds +12.3 bln Rupees of India Stocks, Domestic funds-6.79 bln rupees on Sept. 28.
CORPORATE CALENDER:
* Apollo Tyres to consider raising funds via securities to
investors/promoters
CONFERENCES/EVENTS:
* 12:15 pm: Hyderabad. Edelweiss Tokio Life press meet.
* 3:15 pm: Hyderabad. U.S. Consulate General, Hyderabad Brief on Joy of Giving Week.
* 6 pm: New Delhi. FICCI Seminar on Maintenance Repair and Overhaul for Land Systems.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai
RAJESH DESAI
MARKETS
Asian Market is trading higher as Hang Seng was up by 0.22% while Nikkei 225 was up by 0.62% and Chinese markets were up by 1.45%. Asian stocks gained as reports on U.S. jobs and service industries beat economist estimates, easing concern the world’s biggest economy is slowing. Overnight U.S. markets were up by 0.09percent. SGX Nifty at 8:00AM was trading at 5788 with a gain of 11 points and is likely to trade between 5720 and 5790 levels.
Today cabinet clearance meeting will be held regarding FDI in Insurance sector and other companies bills that is already in
Parliament. Max India, Tube Investment , Dabur, Reliance Capital are some of the stocks to watch out for.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 18869.69 |
45.78 |
0.24 |
0.94 |
Copper |
8278.00 |
-12.00 |
-0.14 |
1.26 |
|
Nifty |
5731.25 |
12.45 |
0.22 |
1.20 |
Aluminum |
2096.00 |
-6.50 |
-0.31 |
(0.57) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
|
2079.00 |
-6.00 |
-0.29 |
(0.24) | ||||||
Dow Jones | 13494.61 |
12.25 |
0.09 |
0.60 |
Nickel |
18460.00 |
-65.00 |
-0.35 |
0.63 |
|
NASDAQ |
3135.229 |
15.19 |
0.49 |
1.34 |
Lead |
2300.00 |
-6.00 |
-0.26 |
1.32 |
|
S&P 500 |
1450.99 |
5.24 |
0.36 |
1.23 |
|
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
5825.81 |
16.36 |
0.28 |
1.00 |
Gold |
1780.90 |
2.90 |
0.16 |
0.21 |
|
CAC 40 |
3406.02 |
-8.21 |
(0.24) | (0.26) |
Silver |
34.76 |
0.16 |
0.45 |
0.35 |
|
DAX |
7322.08 |
16.22 |
0.22 |
0.63 |
NYMEX Crude Oil |
88.25 |
0.11 |
0.12 |
(3.92) |
Nikkei 225 | 8800.76 |
53.89 |
0.62 |
(1.67) |
|
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
20934.11 |
45.83 |
0.22 |
1.14 |
Infosys |
49.49 |
0.02 |
0.04 |
4.60 |
|
Shanghai |
2086.169 |
29.88 |
1.45 |
2.93 |
ICICI B |
|
40.46 |
-0.04 |
-0.10 |
2.85 |
|
CSI 300 |
2293.106 |
41.39 |
1.84 |
4.28 |
Wipro |
|
9.17 |
0.08 |
0.88 |
4.56 | ||||||
|
KOSPI |
1989.43 |
-6.60 |
(0.33) | (0.10) |
Sterlite |
7.8 |
0.12 |
1.56 |
3.59 |
|
Taiwan |
7656.19 |
-28.44 |
(0.37) | (0.36) |
HDFCB |
38.32 |
-0.01 |
-0.03 |
4.56 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
|
26.29 |
0.34 |
1.31 |
8.55 | ||||||
|
SGX Nifty |
5788.5 |
11.50 |
0.20 |
1.77 |
Tata Com |
9.59 |
0.36 |
3.90 |
5.27 |
|
Dow Jones |
13469 |
43.00 |
0.32 |
0.41 |
DR.Reddy |
32.22 |
0.80 |
2.55 |
7.51 |
|
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
|
1.24 |
0.00 |
0.00 |
(6.88) | ||||||
USD-INR X-RATE | 52.17 |
-0.23 |
0.44 |
2.60 |
Patni |
19.52 |
0.00 |
0.00 |
1.35 |
|
EUR-INR X-RATE |
67.35 |
-0.25 |
0.37 |
2.19 |
SBI |
87.75 |
0.70 |
0.80 |
4.71 |
|
INR-JPY X-RATE |
1.51 |
0.01 |
(0.46) | (2.72) |
RIL |
32.4 |
0.75 |
2.37 |
4.79 |
|
BALTIC DRY INDEX |
798 |
20.00 |
2.57 |
6.117021 |
L&T |
30.35 |
-0.20 |
-0.65 |
4.15 |
SOURCE:BLOOMBERG
ECONOMY:
* 10:30 am: India HSBC-Markit services PMI for Sept.
EQUITY MOVERS:
* Indian court asks telecom dept not to take action against Bharti Airtel in 3G roaming case.
* BG agrees to sell Gujarat Gas stake for $470m to Gujarat State Petroleum Corp.
* Indian Oil raises non-subsidized LPG price by 127 rupees a bottle in New Delhi from Oct. 1.
* Sun Pharmaceutical Industries board approves proposal to raise as much as 80b rupees.
* Reliance Industries signs 15-year crude supply deal with Petroleos de Venezuela.
OTHER NEWS:
* India cabinet said to consider raising foreign investment cap in insurance to 49%
* FDI in retail to benefit producers, consumers and is good for India’s economy in long term, Subbarao said yesterday; India’s
central bank expects inflation to ease, Subbarao said.
* India sugar output seen at 23m tons, domestic consumption at 22m tons in yr started Oct. 1: Food Minister K.V. Thomas
* STC invites bids by Oct. 17 for export of 150,000 tons of wheat
CONFERENCES/EVENTS:
* 10 am: Puducherry. RBI Governor D. Subbarao attends Reserve Bank of India board meeting at Hotel Ananda, Puducherry.
* 10 am: New Delhi. Coal minister Sriprakash Jaiswal inaugurates CII Clean Coal India 2012.
* 10 am: New Delhi. Arun Maira, member of Planning Commission of India; H.M. Nerurkar, MD of Tata Steel, address CII National HR
Conclave 2012.
* 10 am: Kolkata. CII organizes Safety Symposium & Exposition 2012 on Oct. 4-5
* 11:30 am: Mumbai. Pranab Mukherjee, President of India, inaugurates IndiaChem 2012.
* 11:30 am: New Delhi. Mercedes-Benz introduces C-Class and E- Class sports edition.
* 12 pm: Chennai. Great Eastern Energy Corp. press meet to discuss Mannargudi Project.
* 12:30 pm: Amby Valley City. Sudhir Vasudeva, CMD of ONGC, speaks at ICSI 40th National Convention of Company Secretaries
* 1:30 pm: New Delhi. Kapil Sibal, India’s minister for Communications & IT, inaugurates IIGC 2012.
* 4:30 pm: Mumbai. A.B. Joshi, Textile Commissioner, addresses media on India’s cotton output for 2012-13.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai