MORNING NOTE
RAJESH DESAI
MARKETS
Asian Market is trading lower as Hang Seng was down by 0.50% while Nikkei 225 was up by 0.30%, while Chinese markets were down by 0.15%. Asian stocks entered a bull market yesterday after central-bank easing from the U.S. and Europe to China and Japan fueled the fastest rally in more than two years. Overnight US markets were down by 0.40%. SGX Nifty at 8:00AM was trading at 5414 with a loss of 20 points and it is likely to trade between 5380 and 5480 levels.
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 |
17752.7 |
21.56 |
0.12 |
(2.16) |
Copper |
8503.75 |
4.75 |
0.06 |
1.36 |
|
Nifty |
5385.2 |
0.00 |
0.00 |
(1.79) |
Aluminium |
2327.25 |
-0.75 |
(0.03) |
2.34 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2100.00 |
-12.00 |
(0.57) |
2.54 |
|
Dow Jones |
12952.1 |
-53.05 |
(0.41) |
0.10 |
Nickel |
19665.00 |
410.00 |
2.13 |
(1.68) |
|
NASDAQ |
2966.89 |
-19.87 |
(0.67) |
1.15 |
Lead |
2185.00 |
24.50 |
1.13 |
0.92 |
|
S&P 500 |
1365.68 |
-6.50 |
(0.47) |
0.59 |
Bullion & Crude Oil |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
|
FTSE 100 |
5871.51 |
-56.40 |
(0.95) |
(0.76) |
Gold |
1719.88 |
23.03 |
1.36 |
(3.41) |
|
CAC 40 |
3452.45 |
-1.54 |
(0.04) |
0.15 |
Silver |
35.07 |
0.39 |
1.12 |
(0.77) |
|
DAX |
6856.08 |
-31.55 |
(0.46) |
0.18 |
NYMEX Crude Oil |
107.00 |
-0.07 |
(0.07) |
(0.77) |
|
Nikkei 225 |
9754.54 |
31.30 |
0.32 |
1.66 |
ADR/GDR |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
|
Hang Seng |
21571.8 |
-108.25 |
(0.50) |
0.89 |
Infosys |
57.68 |
-0.83 |
(1.42) |
(4.03) |
|
Shanghai |
2424.88 |
-3.61 |
(0.15) |
0.64 |
ICICI B |
36.30 |
-0.37 |
(1.01) |
(5.98) |
|
CSI 300 |
2633.18 |
-0.97 |
(0.04) |
1.03 |
Wipro |
10.98 |
-0.01 |
(0.09) |
(3.00) |
|
KOSPI |
2030.25 |
26.56 |
1.33 |
0.08 |
Sterlite |
9.92 |
0.12 |
1.22 |
(1.10) |
|
Taiwan |
8138.28 |
16.84 |
0.21 |
2.74 |
HDFCB |
34.35 |
-0.45 |
(1.29) |
(0.81) |
|
Indices Future |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
Tata Mo |
27.30 |
-0.41 |
(1.48) |
(1.34) |
|
SGX Nifty |
5414 |
-21.00 |
(0.39) |
(2.23) |
Tata Com |
9.45 |
0.03 |
0.32 |
(7.71) |
|
Dow Jones |
12927 |
-10.00 |
(0.08) |
(0.36) |
DR.Reddy |
33.60 |
0.07 |
0.21 |
0.33 |
|
Curncy & Freight |
Last Price |
CH 1D |
% CH 1D |
% CH 5D |
MTNL |
1.23 |
0.04 |
3.36 |
(3.91) |
|
USD-INR X-RATE |
49.02 |
-0.05 |
0.11 |
0.42 |
Patni |
19.20 |
-0.02 |
(0.10) |
0.47 |
|
EUR-INR X-RATE |
65.88 |
-0.09 |
0.13 |
(1.08) |
SBI |
90.65 |
0.15 |
0.17 |
(1.41) |
|
INR-JPY X-RATE |
1.65 |
0.00 |
0.00 |
(1.57) |
RIL |
32.90 |
0.24 |
0.73 |
(3.83) |
|
BALTIC DRY INDEX |
750 |
12.00 |
1.63 |
6.53 |
L&T |
26.90 |
-0.87 |
(3.13) |
(6.92) |
SOURCE:BLOOMBERG
ECONOMY:
* 10:30 a.m. India HSBC-Markit Manufacturing PMI for February.
* 11:00 a.m. India to detail merchandize exports and imports for January, year-on-year.
EQUITY MOVERS:
* Indian Oil Corp. The nation’s largest refiner increased the price of jet fuel in Mumbai to 65,636.74 rupees a kiloliter starting Mar. 1,
from 63,499 rupees a kiloliter as of Feb. 16.
* Orchid Chemicals & Pharmaceuticals Ltd. The drugmaker signed a seven-year dollar-denominated loan for $96.5 million.
* Reliance Communications Ltd. A stake sale in the mobile-phone operator’s tower unit has been delayed until at least June. The sale
was originally to happen in February or March.
* Bajaj Auto Ltd. The maker of two-wheelers recalled some motorcycles with faulty starter motors, the Press Trust of India reported.
OTHER NEWS:
* State-run IDBI Bank plans to offer bonds worth $150 million, split between the greenback and the Swiss franc this month. Rural Electrification
Corp., a New Delhi-based lender to power projects, is looking to raise about $200 million. Companies borrowed $2.2billion from the
global markets last month, 22 percent more than in February last year, as emerging-market debt funds reported record inflows.
* India plans to raise $2.5 billion by offering a stake in Oil & Natural Gas Corp. in the first auction of a state-run company’s shares
as the government seeks to narrow a budget deficit that’s already exceeded its target.
* India’s fiscal deficit exceeded the full-year target in the 10 months through January, adding pressure for steps to restrain the gap
in March’s budget. The deficit was 4.35 trillion rupees($88.7 billion) in the period, the Controller General of Accounts exceeding the goal
of 4.13trillion rupees in the year through March.
* Cooking-oil imports by India, the biggest palm oil buyer, will climb as much as 12 percent to a record after dry weather and excessive
rain curbed oilseed crops.
* Foreign funds may increase their holdings of Indian equities as the nation’s central bank joins policy makers globally in easing
monetary policy to support economic growth.
EARNINGS:
* Mphasis Ltd. Est. 2.03 billion rupees.
CONFERENCES/EVENTS:
* 9:30 a.m. New Delhi. R.K. Pachauri, director general at TERI, will speak at a conference on Green Design 2012. Speakers include
Arun Maira, member of the Planning Commission of India, Farooq Abdullah, minister for new and renewable energy, and A.K. Tripathi,
director, Ministry of New and Renewable Energy.
* 10 a.m. Mumbai. Micro Technologies India Ltd. will host Secutech India 2012, a global trade fair on security products.
* 10 a.m. New Delhi. Cyberlaw Asia and Pavan Duggal Associates will host an international conference on mobile law.
* 10 a.m. New Delhi. Vilasrao Deshmukh, India’s minister for science and technology, will inaugurate the India-Africa Ministers
Conference and Tech Expo.
* 12 p.m. New Delhi. D.V. Sadananda Gowda, chief minister of Karnataka, and Murugesh R. Nirani, Karnataka’s minister for large
and medium industries, will address a press conference on a global investors meet.
* 12:15 p.m. New Delhi. Oriental Bank of Commerce will host a media interaction with its new Chairman and Managing Director S.L. Bansal.
* 12 p.m. Kamal Morarka, chairman of World Trade Centre, and Vijay Kalantri, president of the All India Association of Industries,
will address a press conference to announce the international business development forum Indiallia, a Futurallia event.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
--
CA. Rajesh Desai