MORNING NOTE Fri, May 3, 2013
Rajesh Desai
MARKETS
Asian Market is trading higher as Hang Seng was up by 0.73% while Nikkei 225 was down by 0.76% and Chinese markets were
up by 2.88 %. Asian stocks climbed as profit at Macquarie Group Ltd. and Westpac Banking Corp. rose, U.S. jobless claims fell
to the lowest in five years and the European Central Bank cut interest rates to a record low. Overnight U.S. markets were up by
0.89%. SGX Nifty at 8:00AM was trading at 6012 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 | 19735.77 |
231.59 |
1.19 |
2.90 |
Copper |
6986.50 |
138.50 |
2.02 |
(0.62) |
Nifty | 5999.35 |
69.15 |
1.17 |
1.40 |
Aluminum |
1842.00 |
31.00 |
1.71 |
(1.92) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1854.00 |
35.00 |
1.92 |
(2.27) |
Dow Jones | 14831.58 |
130.63 |
0.89 |
0.89 |
Nickel |
14899.00 |
219.00 |
1.49 |
(2.01) |
NASDAQ | 3340.621 |
41.49 |
1.26 |
1.54 |
Lead |
1972.00 |
31.00 |
1.60 |
(3.19) |
S&P 500 | 1597.59 |
14.89 |
0.94 |
0.78 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6460.71 |
9.42 |
0.15 |
0.28 |
Gold |
1476.12 |
9.04 |
0.62 |
0.96 |
|
CAC 40 |
3858.76 |
2.01 |
0.05 |
0.41 |
Silver |
24.04 |
0.20 |
0.82 |
0.19 |
|
DAX |
7961.71 |
48.00 |
0.61 |
2.61 |
NYMEX Crude Oil |
93.82 |
-0.17 |
-0.18 |
0.88 |
|
Nikkei 225 |
13694.04 |
-105.31 |
(0.76) | (1.08) |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22832.89 |
164.59 |
0.73 |
1.93 |
Infosys |
42.57 |
1.03 |
2.48 |
4.19 |
|
Shanghai |
2222.811 |
48.90 |
2.25 |
1.75 |
ICICI B |
46.67 |
0.37 |
0.80 |
1.41 |
|
CSI 300 |
2520.297 |
70.66 |
2.88 |
2.89 |
Wipro |
7.85 |
0.05 |
0.64 |
1.68 |
|
KOSPI |
1959.1 |
1.89 |
0.10 |
0.38 |
Sterlite |
7.21 |
0.16 |
2.27 |
7.61 |
|
Taiwan |
8164.89 |
36.38 |
0.45 |
1.78 |
HDFCB |
43.12 |
0.88 |
2.08 |
1.79 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
27.18 |
0.11 |
0.41 |
0.11 |
|
SGX Nifty |
6012 |
4.00 |
0.07 |
2.22 |
Tata Com |
8.38 |
0.02 |
0.24 |
1.58 |
|
Dow Jones |
14755 |
-5.00 |
(0.03) | 0.72 |
DR.Reddy |
37.23 |
-0.20 |
-0.53 |
2.20 |
|
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 |
53.82 |
0.01 |
(0.01) | 0.76 |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
70.81 |
0.47 |
(0.66) | 0.05 |
SBI |
86.15 |
0.90 |
1.06 |
0.06 |
|
INR-JPY X-RATE |
1.82 |
0.00 |
0.06 |
(0.93) | RIL |
29.64 |
0.19 |
0.65 |
(2.66) |
BALTIC DRY INDEX | 873 |
11.00 |
1.28 |
0.11468 |
L&T |
29.1 |
0.92 |
3.26 |
4.08 |
SOURCE:BLOOMBERG
ECONOMY:
* 10:30 am: India HSBC-Markit services PMI for April
* 11 a.m. Monetary policy for 2013-14
EQUITY MOVERS:
* Andrew Yule & Co. financial restructuring plan approved by cabinet panel.
* Crompton Greaves signs JV accord with PT Prima Layanan Nasional to set up switchgear manufacturing base in Indonesia.
* DCM Shriram 4Q profit 823m rupees vs 495m.
* Gujarat Pipavav Port 1Q profit 353.7m rupees vs. 140.8m. Est. 291m.
* Tube Investments 4Q net income 599.1m rupees vs. 768.6m.
OTHER NEWS:
* RBI will probably cut its benchmark repurchase rate by 25 bps to 7.25%, according to 33 of 40 analysts in a Bloomberg
survey, while one foresees a 50 basis-point cut. Six predict the rate will be unchanged.
* RBI says space for monetary policy to support economic growth remains constrained by elevated consumer-price inflation
and record current-account deficit: economic review.
* ACC 1Q profit est. 3.3b rupees vs 1.55b rupees yr earlier.
* Cabinet panel approves Ikea’s 105b rupee proposal to open outlets in India
* Cabinet panel approves exchange traded fund of state-owned co. stocks
* Supreme Court stays Sahara proceedings in tribunal, lower court.
* StanChart’s Chakraborty Sees Indian Growth at 6% on RBI, Reforms
EARNINGS:
* ACC - 1Q, Est. 3.30b rupees.
* Ambuja Cements - 1Q, Est. 3.87b rupees.
* Titan Industries - 4Q, Est. 1.76b rupees.
* JSW Energy - 4Q, Est. 3.15b rupees.
* Pfizer India - 4Q, Est. 456m rupees.
* Bajaj Corp - 4Q, Est. 480m rupees.
* Hindustan Construction Co.- 4Q, Est. -322m rupees.
* Ingersoll Rand (India), Piramal Enterprises, Wyeth,
Honeywell Automation India, SRF, HIL, HEG, HeidelbergCement India.
CONFERENCES/EVENTS:
* 8 am: New Delhi. JK Tyre SOBA Car Rally flag off.
* 9:30 am: Noida. ADB 46th Annual Meeting day 2.
* 10 am: New Delhi. Bangladesh Finance Minister Abul Maal A. Muhith and Atiur Rahman, governor of Bangladesh Bank, to address CII members.
* 10 am: New Delhi. ASSOCHAM organizes ‘5th Affordable Housing Summit’ on challenges and opportunities in mass housing.
* 10 am: New Delhi. Sukumar Muralidharan, program manager for South Asia of the International Federation of Journalists,
speaks at conference to mark Press Freedom Day 2013.
* 11:30 am: New Delhi. Civil Aviation Minister Ajit Singh speaks at India-Aviation 2013.
* 2:30 pm: New Delhi. Tourism Secretary Parvez Dewan speaks at seminar on Caravan Tourism.
* 3 pm: Mumbai. RBI governor D. Subbarao holds press conference after release of Monetary Policy Statement for 2013-2014.
* 3 pm: Mumbai. N.K. Jain, vice chairman of JSW Energy, to share earnings highlights.
* 3 pm: Chennai. Murugappa Group’s annual media interaction with executive chairman A. Vellayan and N. Srinivasan, director–finance.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai