MORNING NOTE
RAJESH DESAI
MARKETS
Asian Market is trading mixed as Hang Seng was down by 0.18% while Nikkei 225 were down by 0.05% and Chinese markets were down by 0.06%. Asian stocks gained, with the regional benchmark snapping a six-day losing streak, while U.S. equity futures rose and oil trimmed losses on speculation China will add stimulus after the economy slowed for a sixth quarter. Overnight U.S. markets were down by 0.25percent. Nifty at 8:30AM was trading at 5247 with a loss of 6.00 points and is likely to trade between 5240 and 5300 levels.
MARKET STATS AT 8:00AM
|
Domestic Indices |
Last Price |
CH |
% CH |
% CH 5D |
N-Ferrous Metals |
Last Price |
CH |
% CH |
% CH 5D |
|
Sensex |
17232.55 |
-256.59 |
(1.47) |
(1.75) |
Copper |
7570.00 |
15.00 |
0.20 |
0.52 |
|
Nifty |
5235.25 |
-71.05 |
(1.34) |
(1.54) |
Aluminum |
1887.75 |
5.75 |
0.31 |
(0.44) |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1850.50 |
7.25 |
0.39 |
0.35 |
|
Dow Jones |
12573.27 |
-31.26 |
(0.25) |
(2.51) |
Nickel |
15860.00 |
85.00 |
0.54 |
(1.80) |
|
NASDAQ |
2866.19 |
-21.79 |
(0.75) |
(3.69) |
Lead |
1862.25 |
6.25 |
0.34 |
0.12 |
|
S&P 500 |
1334.76 |
-6.69 |
(0.50) |
(2.40) |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
5608.25 |
-56.23 |
(0.99) |
(1.48) |
Gold |
1570.10 |
-1.85 |
-0.12 |
(0.86) |
|
CAC 40 |
3135.18 |
-22.07 |
(0.70) |
(2.92) |
Silver |
27.17 |
0.01 |
0.02 |
0.21 |
|
DAX |
6419.35 |
-34.50 |
(0.53) |
(1.78) |
NYMEX Crude Oil |
85.85 |
-0.23 |
-0.27 |
1.66 |
|
Nikkei 225 |
8715.79 |
-4.22 |
(0.05) |
(3.38) |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
19060.23 |
35.12 |
0.18 |
(3.74) |
Infosys |
38.75 |
-4.87 |
-11.16 |
(13.10) |
|
Shanghai |
2183.242 |
-2.25 |
(0.10) |
(1.81) |
ICICI B |
32.97 |
-0.80 |
-2.37 |
(1.46) |
|
CSI 300 |
2447.707 |
-1.47 |
(0.06) |
(1.01) |
Wipro |
8.08 |
-0.44 |
-5.16 |
(9.21) |
|
KOSPI |
1795.56 |
10.17 |
0.57 |
(3.37) |
Sterlite |
7.52 |
-0.19 |
-2.46 |
(4.57) |
|
Taiwan |
7122.13 |
-8.80 |
(0.12) |
(3.34) |
HDFCB |
33.03 |
-0.63 |
-1.87 |
(1.70) |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
21.1 |
-0.61 |
-2.81 |
(5.00) |
|
SGX Nifty |
5247 |
-6.00 |
(0.11) |
(1.65) |
Tata Com |
8.55 |
-0.11 |
-1.27 |
1.30 |
|
Dow Jones |
12529 |
27.00 |
0.22 |
(1.56) |
DR.Reddy |
29.65 |
-0.23 |
-0.77 |
(0.54) |
|
Currencies & Freight |
Last Price |
CH |
% CH |
% CH 5D |
MTNL |
0.9 |
-0.01 |
-1.00 |
0.00 |
|
USD-INR X-RATE |
55.93 |
0.29 |
(0.52) |
(1.73) |
Patni |
18.72 |
0.00 |
0.00 |
(0.11) |
|
EUR-INR X-RATE |
68.11 |
-0.17 |
0.25 |
1.05 |
SBI |
81.4 |
-1.20 |
-1.45 |
0.43 |
|
INR-JPY X-RATE |
1.43 |
0.00 |
0.00 |
0.21 |
RIL |
25.52 |
-0.71 |
-2.71 |
(4.06) |
|
BALTIC DRY INDEX |
1121 |
-25.00 |
(2.18) |
-1.49385 |
L&T |
25.2 |
-0.80 |
-3.08 |
(2.33) |
SOURCE:BLOOMBERG
ECONOMY:
* 12:30 p.m. India to release June provisional ’External Trade Data.’
EQUITY MOVERS:
* Geojit BNP Paribas Ltd. The financial services company’s group profit almost doubled to 84.7 million rupees for the first-quarter ended
June 30, compared with 43 million rupees a year ago, according to an exchange filing.
* Mobile-Phone Companies: A group of ministers approved allowing mobile-phone operators to mortgage spectrum, Telecom Minister
Kapil Sibal said in New Delhi yesterday.
* Sugar Mills: India will ask mills to sell more sugar in the local market under the free-sale quota to curb domestic prices, Food Minister K.V.
Thomas said in an interview.
* Tata Consultancy Services Ltd. : India’s largest software exporter reported first-quarter profit jumped by 38 percent to 32.8 billion rupees from
a year earlier.
* Tata Motors Ltd. : The owner of Jaguar and Land Rover repaid $473 million of bonds that matured yesterday.
OTHER NEWS:
* Borrowing costs for Indian companies have surged to a three- year high after the worst economic slowdown in nine years prompted
credit-rating cuts.
* Welspun Energy Ltd., India’s biggest developer of solar projects, said the nation will surpass its sun-powered generation target by two-fold
over the next decade amid shortages of coal and natural gas.
* The National Stock Exchange will introduce a new debt security class that will allow overseas investors to trade in long-term infrastructure
corporate bonds during the lock-in period, the bourse said in a statement on its website. The new security type
will be introduced from today.
* Foreign funds bought a net 2.69 billion rupees of Indian shares in the cash segment yesterday, according to provisional data from the exchanges.
Domestic funds sold net 5.38 billion rupees of stocks.
* India’s monsoon was 23 percent below a 50-year average since June 1. The nation got 209 millimeters of rainfall in the June 1 to July 12 period,
the India Meteorological Department said on its website. That is less than the 270.6 millimeter average considered normal for the period, it said.
MONEY MARKET:
* Lenders borrowed 466.65 billion rupees from the central bank’s repurchase auction window yesterday, according to Reserve Bank of India data.
* One-year interest-rate swaps, or derivative contracts used to guard against fluctuations in funding costs, fell 13 basis points to 7.58 percent yesterday,
data compiled by Bloomberg show.
EARNINGS:
* HDFC Bank - 1Q, Est. 14.2 billion rupees.
* Sintex Industries - 1Q, Est. 521 million rupees.
* Kajaria Ceramics, Andhra Paper Mills, Thirumalai Chemicals.
BONDS SALE:
* 3:00 p.m. India to sell 40 billion rupees of 8.07% 2017 bonds.
* 3:00 p.m. India to sell 60 billion rupees of 8.15% 2022 bonds.
* 3:00 p.m. India to sell 30 billion rupees of 8.97% 2030 bonds.
* 3:00 p.m. India to sell 30 billion rupees of 8.33% 2036 bonds.
CONFERENCES/EVENTS:
* 10 a.m. New Delhi. The Institute for Defence Studies and Analyses holds a press conference to announce the release of the book “India’s
Neighbourhood Challenges in the Next Two Decades” by foreign secretary Ranjan Mathai.
* 11 a.m. New Delhi. Panabaaka Lakshmi, minister of state for textiles, will open the 5th Indian Fashion Jewellery & Accessories Show.
* 12:05 p.m. New Mumbai. Micro Technologies India Ltd. holds a press conference to announce a new overseas initiative.
* 4 p.m. New Delhi. PHD Chamber of Commerce and Industry organizes an interactive session on “Accelerating development in power
transmission and distribution sector for balanced growth.” Speakers include Ashok Lavasa, additional secretary in India’s power ministry, and
G.J. Desh Pandey, executive director of NTPC Ltd.
* 6:45 p.m. HDFC Bank Ltd. will hold a conference call to discuss its first-quarter earnings.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai
