MORNING NOTE
Rajesh Desai
MARKETS
Asian Market is trading mixed as Hang Seng was down by 0.42% while Nikkei 225 was up by 2.25% and Chinese markets were down by 0.02%.
Asian stocks rose, with the regional benchmark index paring last week’s loss, as Japanese shares rallied after the Group of 20 nations refrained
from censuring the nation’s policies that have weakened the yen. Overnight U.S. markets were up by 0.06%. SGX Nifty at 8:00AM was trading at
5884 with a gain of 03 points.
MARKET STATS AT 9:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19468.15 |
-29.03 |
(0.15) | (0.09) |
Copper |
8166.75 |
-39.25 |
-0.48 |
(0.39) |
Nifty | 5887.4 |
-9.55 |
(0.16) | (0.18) |
Aluminium |
2148.00 |
-20.00 |
-0.92 |
2.14 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2160.00 |
-15.00 |
-0.69 |
(1.41) |
Dow Jones | 13981.76 |
8.37 |
0.06 |
(0.08) | Nickel |
18136.00 |
-244.00 |
-1.33 |
(0.16) |
NASDAQ | 3192.03 |
-6.63 |
(0.21) | (0.06) |
Lead |
2425.00 |
-10.00 |
-0.41 |
1.53 |
|
S&P 500 |
1519.79 |
-1.59 |
(0.10) | 0.12 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6328.26 |
0.90 |
0.01 |
1.03 |
Gold |
1615.95 |
5.85 |
0.36 |
(1.62) |
CAC 40 | 3660.37 |
-9.23 |
(0.25) | 0.30 |
Silver |
30.10 |
0.30 |
1.01 |
(2.22) |
DAX | 7593.51 |
-37.68 |
(0.49) | (0.77) |
NYMEX Crude Oil |
95.66 |
-0.20 |
-0.21 |
(1.41) |
Nikkei 225 | 11425.44 |
251.61 |
2.25 |
2.44 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
23347.16 |
-97.40 |
(0.42) | 0.39 |
Infosys |
51.4 |
-0.23 |
-0.45 |
(1.89) |
Shanghai | 2431.908 |
-0.49 |
(0.02) | 0.15 |
ICICI B |
43.17 |
-0.81 |
-1.84 |
(0.71) |
CSI 300 | 2757.079 |
-14.65 |
(0.53) | 0.33 |
Wipro |
9.2 |
0.01 |
0.11 |
(3.06) |
KOSPI | 1974.56 |
-6.62 |
(0.33) | 1.21 |
Sterlite |
7.39 |
-0.03 |
-0.40 |
(4.52) |
Taiwan | 7943.68 |
37.03 |
0.47 |
1.19 |
HDFCB |
39.84 |
-0.11 |
-0.28 |
3.83 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
27.86 |
0.61 |
2.24 |
2.96 |
|
SGX Nifty |
5884 |
3.00 |
0.05 |
(0.47) | Tata Com |
8.11 |
-0.10 |
-1.22 |
(2.52) |
Dow Jones | 13946 |
-2.00 |
(0.01) | 0.16 |
DR.Reddy |
33.88 |
-0.94 |
-2.70 |
(3.89) |
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 |
54.23 |
0.30 |
(0.54) | (1.33) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
72.27 |
0.42 |
(0.58) | (0.70) |
SBI |
85.5 |
-0.70 |
-0.81 |
(4.36) |
INR-JPY X-RATE | 1.74 |
0.02 |
(0.98) | 0.75 |
RIL |
31.3 |
-0.58 |
-1.82 |
(3.78) |
BALTIC DRY INDEX | 753 |
5.00 |
0.67 |
0.66845 |
L&T |
26.78 |
-0.22 |
-0.81 |
(5.87) |
SOURCE:BLOOMBERG
ECONOMY:
* Eight Indian states to sell 70.7b rupees of 10-yr bonds
EQUITY MOVERS:
* Havells India FII holding crosses 24% limit; more purchases not allowed through stock exchanges in India: RBI statement.
* Unichem Labs approves sale of manufacturing unit at Dhar, M.P. for 1.61b rupees to Mylan.
* DB Realty’s lenders have released 11.04% of its shares pledged by prompters after partial repayment.
* Indian Oil raised gasoline prices by 1.50 rupees a liter, and diesel by 45 paise a liter.
OTHER NEWS:
* U.K. Prime Minister David Cameron visits India starting today until Feb. 20.
* The crisis in Europe is over and confidence is back, French President Francois Hollande says. India and France must open
up markets for each other, he said in Mumbai.
* India reduces benchmark import price of gold to $535 per 10 grams from $545 per 10 grams set on Jan. 31, finance ministry says
* Sugar output in India climbs 2.4% to 16.5 mln tons from 16.1m tons a yr ago, NFCSF Ltd. says in statement.
* India’s forex reserves - $611.9m to $294.5b in week to Feb. 8, RBI says
* Inflation risks will limit the extent the Reserve Bank of India can reduce interest rates to bolster an economy expanding at the
weakest pace in a decade, Governor Duvvuri Subbarao said in Moscow on Feb. 16.
* Andhra Pradesh, Haryana, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu and West Bengal plan to sell 10-year bonds.
EARNINGS:
* Esab India 4Q & yr ended Dec. 31 and dividend.
CONFERENCES/EVENTS:
* 9 am: Mumbai. Kotak Institutional Equities investor conference titled “Chasing Growth” begins today.
* 9:30 am: Mumbai. Progressive Maharashtra 2013- Sustainable & Balanced Development’ conference hosted by FICCI. Speakers
include Lalit Jalan, CEO of Reliance Infrastructure; Niranjan Hiranandani, MD of Hiranandani Developers.
* 10 am: Gurgaon. ISSME World Conference 2013 organizes on Feb. 18-21 on Fostering International Linkages for SMEs Development
* 11:30 am: New Delhi. Adam Lawrence, CEO of The Royal Mint, UK and Mehdi Barkhordar, chairman of MMTC-PAMP India address at
unveiling of its 2013 Commemorative Sovereign
* 3 pm: New Delhi: ICEC Council organizes ‘first Abid Hussain Memorial Lecture’ by Salman Khurshid, India’s minister of external affairs.
* 3:55 pm: Montek Singh Ahluwalia, deputy chairman of Planning Commission of India will brief on contribution of Abid Hussain to Indian economy.
* 6 p.m. Mumbai. Reserve Bank of India Deputy Governor to address FICCI’s Capital Markets Committee members.
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 lower as Hang Seng was down by 0.25% while Nikkei 225 was up by 0.11% and Chinese markets were down by 1.36%.
Most Asian stocks rose, with the regional benchmark index poised for the highest close in 18 months, as Bridgestone Corp. jumped on
better-than-expected sales and profit forecasts while the yen’s gain weighed on Japanese exporters. Overnight U.S. markets were
closed. SGX Nifty at 8:00AM was trading at 5903 with a gain of 04 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19501.08 |
32.93 |
0.17 |
(0.31) | Copper |
8144.50 |
25.50 |
0.31 |
(1.11) |
Nifty | 5898.2 |
10.80 |
0.18 |
(0.41) | Aluminium |
2124.75 |
7.75 |
0.37 |
0.22 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2160.00 |
|
5.00 |
0.23 |
(2.26) |
Dow Jones | 13981.76 |
8.37 |
0.06 |
(0.08) | Nickel |
|
17860.00 |
5.00 |
0.03 |
(2.75) |
NASDAQ | 3192.03 |
-6.63 |
(0.21) | (0.06) |
Lead |
|
2400.50 |
10.00 |
0.42 |
(0.56) |
S&P 500 | 1519.79 |
-1.59 |
(0.10) | 0.12 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6318.19 |
-10.07 |
(0.16) | 0.66 |
Gold |
1615.10 |
5.05 |
0.31 |
(1.20) |
CAC 40 | 3667.04 |
6.67 |
0.18 |
0.45 |
Silver |
30.11 |
0.17 |
0.56 |
(0.95) |
DAX | 7628.73 |
35.22 |
0.46 |
(0.07) | NYMEX Crude Oil |
95.58 |
-0.28 |
-0.29 |
(1.49) |
Nikkei 225 | 11395.16 |
-12.71 |
(0.11) | 0.23 |
|
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
23323.37 |
-58.57 |
(0.25) | 0.63 |
|
Infosys |
51.4 |
-0.23 |
-0.45 |
(1.89) |
Shanghai | 2388.666 |
-32.89 |
(1.36) | (1.83) |
|
ICICI B |
43.17 |
-0.81 |
-1.84 |
(0.71) |
CSI 300 | 2689.992 |
-47.48 |
(1.73) | (2.95) |
|
Wipro |
9.2 |
0.01 |
0.11 |
(3.06) |
KOSPI | 1984.37 |
2.46 |
0.12 |
1.98 |
|
Sterlite |
7.39 |
-0.03 |
-0.40 |
(4.52) |
Taiwan | 7958.05 |
14.52 |
0.18 |
1.30 |
|
HDFCB |
39.84 |
-0.11 |
-0.28 |
3.83 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
27.86 |
0.61 |
2.24 |
2.96 |
|
SGX Nifty |
5903 |
4.00 |
0.07 |
(0.58) |
Tata Com |
8.11 |
-0.10 |
-1.22 |
(2.52) |
Dow Jones | 13953 |
5.00 |
0.04 |
(0.14) |
DR.Reddy |
33.88 |
-0.94 |
-2.70 |
(3.89) |
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 |
54.20 |
-0.03 |
0.05 |
(0.64) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
72.30 |
0.03 |
(0.04) | (0.34) |
SBI |
86 |
0.50 |
0.58 |
(2.82) |
INR-JPY X-RATE | 1.73 |
0.01 |
(0.52) | 1.21 |
RIL |
31.25 |
-0.05 |
-0.16 |
(3.22) |
BALTIC DRY INDEX | 747 |
-6.00 |
(0.80) | 0.13405 |
L&T |
27.2 |
0.42 |
1.57 |
(1.84) |
SOURCE:BLOOMBERG
ECONOMY:
* 10:30 am: Commerce Minister Anand Sharma meets Le Luong Minh, secretary general of ASEAN, in New Delhi.
EQUITY MOVERS:
* GAIL (India) starts gas supply to Bengaluru.
* Hotel Leelaventure sells Chennai building to Reliance Industries for 1.7b rupees.
* UB Holdings seeks shareholder approval to increase lending limit to Kingfisher Airlines to 7.5b rupees from 3b rupees.
OTHER NEWS:
* Telecom Commission to allow 4G operators to provide voice services after paying 18.6b rupee fee, govt official says.
* Govt cancels $2.2b bond sale scheduled for Feb. 22 on review of cash position and funding requirement.
* India slowdown ‘deepening and widening,’ Credit Suisse Says; sales growth slowing, costs rising faster than revenue, EPS
estimates retreating again after Jan. increase, Credit Suisse analysts Neelkanth Mishra and Ravi Shankar write in report.
EARNINGS:
* GlaxoSmithKline Pharmaceuticals - 4Q, Est. 1.58b rupees.
* Thomas Cook (India) - 4Q, Est. 114.5m rupees
CONFERENCES/EVENTS:
* 9 am: New Delhi: Commerce Minister Anand Sharma at breakfast meeting with co-chairs of India-UK CEOs Forum.
* 10:30 am: New Delhi: Anand Sharma meets ASEAN Secretary General Le Luong Minh.
* 10:30 am: New Delhi. Planning Commission member Syeda Hameed addresses event hosted by FICCI with UNESCAP and Goldman Sachs.
* 11:15 am: Mumbai. Eberhard Kern, MD & CEO of Mercedes-Benz India, introduces G63 AMG.
* 11:30 am: New Delhi. Airports Authority of India and SITA announce strategic partnership.
* 11:30 am: New Delhi. Vinod Dasari, MD of Ashok Leyland, introduces ‘Luxura Magical India Bus.’
* 11:30 am: New Delhi. PwC workshop on pre-budget expectations on taxation addressed by Rahul Garg and Vivek Mishra.
* 11:30 am: Mumbai: RSA, a division of EMC, discusses technical and business aspects of Security Analytics in India.
* 12:30 pm: New Delhi. Press conference by Power Minister Jyotiraditya Scindia.
* 1 pm: New Delhi. Bharat Lal, resident commissioner of Gujarat, speaks on “Vibrant Gujarat.”
* 2 pm: New Delhi. SIAM Logistics Conclave 2013 on Challenges of Automotive Logistics - Way Forward.
* 4:30 pm: Mumbai. BSE announces strategic initiative
* 5 pm: New Delhi: Foreign Minister Salman Khurshid inaugurates Delhi Dialogue V on India and ASEAN. Speakers include
Le Luong Minh, secretary general of ASEAN.
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 lower as Hang Seng was down by 1.64% while Nikkei 225 was down by 0.80% and Chinese markets were down by 1.79%.
Asian stocks fell, with the regional benchmark index retreating from an 18-month high, as oil fell the most in three months and Federal
Reserve minutes showed policy makers are divided over U.S. stimulus measures. Overnight U.S. markets were down by 0.77%. SGX Nifty at 8:00AM was trading at 5925 with a loss of 39 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19642.75 |
7.03 |
0.04 |
0.18 |
Copper |
7933.00 |
-27.00 |
-0.34 |
(3.73) |
Nifty | 5943.05 |
3.35 |
0.06 |
0.78 |
Aluminum |
2092.00 |
-11.00 |
-0.52 |
(3.01) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
|
2121.00 |
-12.00 |
-0.56 |
(3.11) | ||||||
Dow Jones | 13927.54 |
-108.13 |
(0.77) | (0.65) |
Nickel |
16869.00 |
-301.00 |
-1.75 |
(7.59) |
NASDAQ | 3164.41 |
-49.19 |
(1.53) | (0.69) |
Lead |
2341.25 |
-8.75 |
-0.37 |
(2.71) |
S&P 500 | 1511.95 |
-18.99 |
(1.24) | (0.49) |
|
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6395.37 |
16.30 |
0.26 |
0.57 |
Gold |
1561.95 |
-2.60 |
-0.17 |
(2.99) |
CAC 40 | 3709.88 |
-25.94 |
(0.69) | 0.31 |
Silver |
28.51 |
-0.06 |
-0.20 |
(4.34) |
DAX | 7728.9 |
-23.55 |
(0.30) | 0.22 |
NYMEX Crude Oil |
94.62 |
-0.60 |
-0.63 |
(2.46) |
Nikkei 225 | 11376.28 |
-92.00 |
(0.80) | 0.61 |
|
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22924.03 |
-383.38 |
(1.64) | (2.09) |
Infosys |
51.9 |
-0.35 |
-0.67 |
0.68 |
|
Shanghai |
2354.265 |
-42.91 |
(1.79) | (2.66) |
ICICI B |
42.48 |
-1.16 |
-2.66 |
(3.72) |
CSI 300 | 2644.041 |
-58.59 |
(2.17) | (4.20) |
Wipro |
9.27 |
-0.03 |
-0.32 |
(1.07) |
KOSPI | 2015.14 |
-9.50 |
(0.47) | 1.79 |
Sterlite |
7.39 |
-0.22 |
-2.89 |
(4.40) |
Taiwan | 7972.66 |
-56.44 |
(0.70) | 1.09 |
HDFCB |
40.02 |
-0.86 |
-2.10 |
1.99 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
|
28.11 |
-0.29 |
-1.02 |
(3.47) | ||||||
SGX Nifty | 5925 |
-39.00 |
(0.65) | 0.70 |
Tata Com |
8.3 |
-0.17 |
-2.01 |
(1.19) |
Dow Jones | 13893 |
4.00 |
0.03 |
(0.47) | DR.Reddy |
33.62 |
-0.24 |
-0.71 |
(6.43) |
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 |
54.07 |
-0.13 |
0.25 |
(0.46) |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
72.44 |
0.14 |
(0.19) | 0.20 |
SBI |
86.8 |
0.70 |
0.81 |
0.58 |
|
INR-JPY X-RATE |
1.73 |
0.01 |
(0.46) | (0.52) |
RIL |
32.3 |
0.81 |
2.57 |
(1.91) |
BALTIC DRY INDEX | 735 |
-3.00 |
(0.41) | -2.13049 |
L&T |
26.81 |
-0.30 |
-1.11 |
(3.35) |
SOURCE:BLOOMBERG
ECONOMY:
* 11 am: Parliament budget session starts.
EQUITY MOVERS:
* Lanco Infratech’s solar unit wins 10-MW EPC order to build plant at NTPC’s Ramagundam unit.
* Nestle India 4Q profit 2.8b rupees vs 2.31b. Est. 2.69b.
* Cabinet approves proposal for NTPC North Karanpura plant in Jharkhand.
* Maruti Suzuki and Hero MotoCorp factories closed today due to nationwide strike.
OTHER NEWS:
* Consumer price inflation for farm workers 12.3% in Jan. vs 11.33% in Dec.; for rural workers 12.28% in Jan. vs 11.31% in Dec.
* AirAsia plans India airline with Tata Sons, which will hold a 30% stake in AirAsia India and have no operating role.
* Cabinet decides to speed up approvals for 6 coal blocks.
* Volvo targets $1b revenue in India, plans to enter ‘value segment’ for buses in 2014.
* SEBI said to sell foreigners 666.69b rupees of debt quotas.
* India revises provisions in import of precious stones: RBI
* Several Fed policymakers say U.S. central bank should be ready to vary pace of QE3, according to meeting minutes
EARNINGS:
* ABB India - 4Q, Est. 776m rupees.
* Gujarat Gas Co. group - 4Q, Est. 819m rupees.
* Gujarat Pipavav Port - 4Q, Est. 206m rupees.
* SKF India - 4Q, Est. 481m rupees.
CONFERENCES/EVENTS:
* 9:15 am: New Delhi: Planning Commission Deputy Chief Montek Singh Ahluwalia speaks at FICCI conference on Leveraging
Employment Generation: 12th Five-Year Plan and Beyond.
* 9:30 am: New Delhi. 1st ICRIER-KAS Seminar 2013 on Macroeconomic Context and Budget Priorities 2013-14.
* 9:45 am. New Delhi. All India Management Association’s 57th Foundation Day.
* 12:30 pm: New Delhi: Allergan Healthcare India introduces facial aesthetic product.
* 3:15 pm: Mumbai. U.S. Consulate General organizes TechCamp Take-Aways.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai