MORNING NOTE Mar 21, 2013
Rajesh Desai
MARKETS
Asian Market is trading higher as Hang Seng was up by 0.29% while Nikkei 225 was up by 1.20% and Chinese markets were
up by 0.19%. Asian stocks rose, with Japan’s Topix Index climbing to the highest since 2008 and the country’s bond yields reaching
the lowest in almost a decade, on prospects the new central bank governor will announce more stimulus. New Zealand’s dollar and
metals gained. Overnight U.S. markets were up by 0.39%. SGX Nifty at 8:00AM was trading at 5735 with a gain of 17 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 18884.19 |
-123.91 |
(0.65) | (2.47) |
Copper |
7692.00 |
72.00 |
0.94 |
(1.38) |
Nifty | 5694.4 |
-51.55 |
(0.90) | (3.63) |
Aluminum |
1954.00 |
15.00 |
0.77 |
(1.26) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1949.00 |
17.75 |
0.92 |
(1.37) |
Dow Jones | 14511.73 |
55.91 |
0.39 |
0.39 |
Nickel |
16915.00 |
100.00 |
0.59 |
(1.80) |
NASDAQ | 3254.188 |
25.09 |
0.78 |
0.28 |
Lead |
2210.00 |
22.00 |
1.01 |
(1.73) |
S&P 500 | 1558.71 |
10.37 |
0.67 |
0.27 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6432.7 |
-8.62 |
(0.13) | (0.75) |
Gold |
1607.60 |
0.77 |
0.05 |
1.09 |
|
CAC 40 |
3829.56 |
53.81 |
1.43 |
(0.17) | Silver |
28.87 |
0.05 |
0.16 |
0.20 |
|
DAX |
8001.97 |
54.18 |
0.68 |
0.39 |
NYMEX Crude Oil |
93.35 |
-0.15 |
-0.16 |
0.34 |
|
Nikkei 225 |
12618.01 |
149.78 |
1.20 |
3.09 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22320.76 |
64.32 |
0.29 |
(1.32) | Infosys |
53.43 |
0.90 |
1.71 |
0.93 |
|
Shanghai |
2321.797 |
4.42 |
0.19 |
2.27 |
ICICI B |
40.57 |
-0.03 |
-0.07 |
(4.99) |
CSI 300 | 2614.885 |
4.71 |
0.18 |
3.18 |
Wipro |
9.88 |
0.05 |
0.51 |
(1.40) |
KOSPI | 1959.91 |
0.50 |
0.03 |
(2.11) | Sterlite |
6.87 |
0.02 |
0.29 |
(5.76) |
Taiwan | 7837.77 |
39.74 |
0.51 |
(1.43) | HDFCB |
37.57 |
-0.58 |
-1.52 |
(3.32) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
26.12 |
0.04 |
0.15 |
(5.94) |
SGX Nifty | 5735 |
17.50 |
0.31 |
(3.43) | Tata Com |
8.05 |
0.04 |
0.50 |
(6.61) |
Dow Jones | 14424 |
16.00 | DR.Reddy |
33.06 |
0.34 |
1.04 |
(1.34) | ||
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 |
54.37 |
-0.01 |
0.01 |
(0.11) | Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
70.21 |
-0.19 |
0.27 |
0.55 |
SBI |
84.4 |
-1.15 |
-1.34 |
(2.43) |
INR-JPY X-RATE | 1.77 |
0.00 |
0.00 |
0.62 |
RIL |
30.11 |
-0.05 |
-0.17 |
(3.49) |
BALTIC DRY INDEX | 923 |
11.00 |
1.21 |
5.48571 |
L&T |
26.69 |
-0.36 |
-1.33 |
(3.47) |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Central Bank of India raises 24.1b rupees from govt, selling 308.5m shrs at 78 rupees apiece. Govt stake rises to 85.3% vs 79.2%.
* HDFC said to sell 9.2%, 5-yr rupee bonds to raise 5b rupees.
* Mahanagar Telephone Nigam to consider raising 30b rupees of debt on March 25.
* NTPC said to seek bank bids on March 22 for arranging 2b rupee, 10-yr bond sale.
* Steel Authority of India shr sale floor price to be set today.
* Tata Motors said to plan 3b rupee, 26-mos. bond sale at yield 9.15%.
OTHER NEWS:
* Reserve money supply +9.1% to ~15.17t rupees in yr to March 15: RBI
* RBI Governor D. Subbarao to meet select bank CEOs in Mumbai
* FIIs can use govt, corp bonds as collateral: SEBI
* Cotton output may climb 3-5% next yr, Prem Malik, deputy chairman of Confederation of Indian Textile Industry.
* India said to sell foreigners 162.4b rupees of debt quota
* HDFC said to raise 5b rupees selling 5-yr bonds at 9.2%
* State Bank of Travancore to announce mid-year dividend
* Supreme Court to deliver 1993 Mumbai blasts case verdict
* Karnataka state assembly elections scheduled on May 5
CONFERENCES/EVENTS:
* 9am: New Delhi. Communications Minister Kapil Sibal and Google Inc. Chairman Eric Schmidt speak at Big Tent Activate Summit New
Delhi 2013
* 9:30am: Arun Maira, member of Planning Commission, to address CUTS International seminar on Measuring Benefits of Competition
Policy Reforms in India
* 10am: Mumbai. RBI Governor D. Subbarao and deputy governor K.C. Chakrabarty meet select banks CEOs
* 10am: New Delhi. Textiles ministry secretary Zohra Chatterji is chief guest at PHD Chamber seminar on Technical Textiles & Non-wovens:
Opportunities & Challenges
* 10am: New Delhi. Centre for Russian and Central Asian Studies organizes conference on Strategic Contours of Indo- Russian Trade and
Economic Cooperation
* 10am: Mumbai. Dun & Bradstreet and NSDL Database organize panel discussion on impact of proposed new companies bill on corporate governance
* 10am: New Delhi. India Maize Summit 2013 hosted by FICCI and NCDEX
* 12pm: Mumbai. Ramesh Poddar, MD of Siyaram Silk Mills, introduces two collections under Royale Linen at Infashion 2013
* 12pm: Mumbai. Opal Luxury Time Products to share details of IPO plan
* 12pm: Mumbai. Zicom Electronic Security Systems to announce new business model ‘e-SaaS’ and release report on electronic
security sector by Confidis
* 2pm: New Delhi. ASSOCHAM organizes Industry Interactions with Parthasarathi Shome, adviser to the finance minister.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai