MORNING NOTE
RAJESH DESAI
MARKETS
Asian Market is trading higher as Hang Seng was up by 1.31% and Nikkei 225 was up by 1.10% while Chinese markets were down by 0.20%. Asian stocks climbed, erasing yesterday’s losses, and the yen fell against all of its major peers before data forecast to show improving U.S. retail sales. Asian stocks advances amid optimism euro-area finance chiefs will complete a second Greek bailout and before a policy decision by the U.S. Fed Res today.Overnight US markets were up by 0.30%. SGX Nifty at 8:00AM was trading at 5440 with a gain of 60 points and is likely to trade between 5350 and 5450.
MARKET STATS AT 8:00AM
|
Domestic Indices |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
N-Ferrous Metals |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
|
Sensex |
17587.7 |
84.43 |
0.48 |
(0.28) |
Copper |
8492.00 |
47.00 |
0.56 |
2.44 |
|
Nifty |
5359.55 |
26.00 |
0.49 |
0.00 |
Aluminium |
2231.75 |
2.75 |
0.12 |
(0.17) |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2086.00 |
-5.25 |
(0.25) |
3.68 |
|
Dow Jones |
12959.7 |
37.69 |
0.29 |
(0.02) |
Nickel |
19290.00 |
30.00 |
0.16 |
2.91 |
|
NASDAQ |
2983.66 |
-4.68 |
(0.16) |
1.12 |
Lead |
2146.00 |
8.00 |
0.37 |
3.77 |
|
S&P 500 |
1371.09 |
0.22 |
0.02 |
0.50 |
Bullion & Crude |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
|
FTSE 100 |
5892.75 |
5.26 |
0.09 |
0.31 |
Gold |
1704.68 |
3.35 |
0.20 |
1.81 |
|
CAC 40 |
3490.06 |
2.58 |
0.07 |
0.07 |
Silver |
33.77 |
0.11 |
0.33 |
2.48 |
|
DAX |
6901.35 |
21.14 |
0.31 |
0.51 |
NYMEX Crude Oil |
106.90 |
0.56 |
0.53 |
2.10 |
|
Nikkei 225 |
9998.97 |
109.11 |
1.10 |
3.75 |
ADR/GDR |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
|
Hang Seng |
21410.6 |
276.38 |
1.31 |
2.90 |
Infosys |
57.59 |
-0.61 |
(1.05) |
0.89 |
|
Shanghai |
2438.04 |
3.18 |
0.13 |
1.14 |
ICICI B |
37.02 |
-0.12 |
(0.32) |
4.05 |
|
CSI 300 |
2660.42 |
6.02 |
0.23 |
1.50 |
Wipro |
11.04 |
-0.10 |
(0.90) |
1.19 |
|
KOSPI |
2024.47 |
21.97 |
1.10 |
1.21 |
Sterlite |
9.26 |
-0.17 |
(1.80) |
(2.94) |
|
Taiwan |
8037.64 |
110.09 |
1.39 |
1.26 |
HDFCB |
34.02 |
-0.40 |
(1.16) |
(0.23) |
|
Indices Future |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
Tata Mo |
27.77 |
-0.22 |
(0.79) |
1.61 |
|
SGX Nifty |
5443.5 |
63.50 |
1.18 |
4.32 |
Tata Com |
9.40 |
0.00 |
0.00 |
0.00 |
|
Dow Jones |
13024 |
58.00 |
0.45 |
2.20 |
DR.Reddy |
34.15 |
-0.23 |
(0.67) |
1.88 |
|
Curncy & Freight |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
MTNL |
1.24 |
-0.02 |
(1.51) |
0.00 |
|
USD-INR X-RATE |
49.98 |
0.13 |
(0.26) |
(0.26) |
Patni |
19.18 |
-0.02 |
(0.10) |
0.26 |
|
EUR-INR X-RATE |
65.52 |
-0.39 |
0.60 |
0.32 |
SBI |
90.10 |
-0.20 |
(0.22) |
3.09 |
|
INR-JPY X-RATE |
1.64 |
0.00 |
0.00 |
(2.31) |
RIL |
31.85 |
0.55 |
1.76 |
(1.55) |
|
BALTIC DRY INDEX |
837 |
13.00 |
1.58 |
7.03 |
L&T |
26.65 |
0.01 |
0.04 |
3.94 |
SOURCE:BLOOMBERG
ECONOMY:
* India’s second-quarter employment outlook: Manpower survey.
* Five Indian states to auction 26.1 billion rupees of 10-year bonds.
EQUITY MOVERS:
* Bajaj Hindusthan Ltd. The nation’s biggest sugar producer will consider a proposal to merge two units with itself.
* Hathway Cable & Datacom Ltd. News Corp. sold its 17.3 percent stake in India’s largest cable-television operator to Providence
Equity Partners LLC and Macquaire Group Ltd.
* Steel Authority of India Ltd. The nation’s second- biggest producer raised prices of long-products used in construction by 2.7 percent
from March 1.
* Thermax Ltd. The Indian maker of electricity generation equipment may be among bidders for a 5 megawatt geothermal project in north
India, Farooq Ahangar, assistant general manager at Jammu & Kashmir State Power Development Corp., the state-run agency overseeing
the auction, said .
* Wipro Ltd. A trust that manages the endowment supporting the Azim Premji Foundation will sell 35 million shares of India’s third-largest
software exporter to help expand the foundation’s activities.
OTHER NEWS:
* Lenders, which bought 130 billion rupees ($2.6 billion) in the final three months of last year, added 522 billion rupees this quarter,
taking holdings to 17.4 trillion rupees.
* The southern Indian state of Tamil Nadu plans to sell 60 billion rupees ($1.2 billion) of bonds this year to repay debt owed to
wind farms and other power producers for electricity sold to the grid.
* Water pollution from agriculture is costing billions of dollars a year in developed countries and is set to rise in China and India as farmers
race to increase food production, the Organization for Economic Cooperation and Development said.
* Euro-area finance ministers signed off on a second Greek bailout, clearing the way for the first payment from the 130billion-euro
package ($170 billion) to be made this month.
CONFERENCES/EVENTS:
* 8:30 a.m. Mumbai. KPMG will organize a panel discussion on implications of the U.K. Bribery Act. Speakers include Manoj Nair, vice
president-GACC of Essar Services India Ltd.; Mohan Bharati, chief financial officer of Knight Frank (India) Pvt.; and Rohit Mahajan, partner
of KPMG forensic services.
* 9 a.m. Mumbai. Madhu Kannan, managing director of BSE Ltd., will hold a press conference to inaugurate the BSE SME Platform.
* 10 a.m. New Delhi. Sriprakash Jaiswal, India’s minister for coal, will be the chief guest at the 11th Coaltrans India conference.
Speakers include Alok Perti, secretary, coal ministry; C.S. Verma, chairman of Steel Authority of India Ltd.; and John Wallington, chief
executive officer at Coal of Africa Ltd.
* 10 a.m. New Delhi. Sachin Pilot, India’s minister of state for communications and IT, will inaugurate a seminar on ‘Green Telecom: Working
towards the sustainable development of an energy efficient & environment-friendly telecommunication’ and release the report on “Green
Telecom- Towards a Cleaner Tomorrow.”
* 10 a.m. New Delhi. Indian ministry organizes ‘Global Conference on Women in Agriculture’.
* 10:30 a.m. New Delhi. Action Aid and PRIA to organize a national consultation on ‘Democratic Governance in India Today.’ Speakers
include Geraldine Fraser-Moleketi, UNDP of New York; John Samuel, UNDP of New York; and Rajesh Tandon of PRIA.
* 12 p.m. Standard & Poor’s will hold a media teleconference to discuss the outlook for India’s banking sector in 2012.
* 12:30 p.m. Amar Babu, managing director of Lenovo India, will hold a press conference to meet the winners of the first phase of the DO Network.
* 2 p.m. Hyderabad. Xavier Hay, CEO of Eurocopter India, will address the media at India Aviation 2012 and discuss future plans for India.
* 6:30 p.m. Hyderabad. Ajit Singh, India’s minister of civil aviation, will inaugurate the GMR Group’s MRO Facility at Rajiv Gandhi International
Airport at Hyderabad. G.M. Rao, chairman, GMR Group, will address the media. Other speakers include Jaipal Reddy, minister for petroleum &
natural gas; Naresh Goyal, chairman of Jet Airways Ltd.; and Rohit Nandan, chairman of Air India.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
--
CA. Rajesh Desai