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RAJESH DESAI

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Jun 21, 2012, 11:52:45 PM6/21/12
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MARKETS

Asian Market is trading lower as Hang Seng was down by 0.95% while Nikkei 225 were down by 0.53% and Chinese markets were down by 1.58%. Asian stocks fell, trimming a third weekly advance, after reports signaled a slowing U.S. economic recovery and Moody’s Investors Service cut ratings on 15 of the world’s biggest banks. Oil traded near a nine-month low. Overnight U.S. markets were down by 1.96%. Nifty at 8:00AM was trading at 5124  with a loss of 52 points.

 

MARKET STATS AT 8:00AM

Domestic Indices

Last Price

CH

% CH

% CH 5D

N-Ferrous Metals

Last Price

CH

% CH

% CH 5D

Sensex

17032.56

135.93

0.80

2.13

Copper

7335.25

-5.75

-0.08

(2.33)

Nifty

5165

44.45

0.87

0.50

Aluminum

1865.75

-4.25

-0.23

(3.48)

Global Indices

Last Price

CH

% CH

% CH 5D

Zinc

1821.00

-3.00

-0.16

(4.36)

Dow Jones

12573.57

-250.82

(1.96)

(0.62)

Nickel

16450.00

0.00

0.00

(2.37)

NASDAQ

2859.09

-71.36

(2.44)

0.80

Lead

1821.00

-7.00

-0.38

(5.30)

S&P 500

1325.51

-30.18

(2.23)

(0.27)

Bullion & Crude Oil

Last Price

CH

% CH

% CH 5D

FTSE 100

5566.36

-55.93

(0.99)

1.82

Gold

1563.95

-2.33

-0.15

(3.88)

CAC 40

3114.22

-12.30

(0.39)

2.70

Silver

26.94

0.05

0.18

(6.12)

DAX

6343.13

-49.00

(0.77)

3.33

NYMEX Crude Oil

78.60

0.40

0.51

(6.46)

Nikkei 225

8776.98

-47.09

(0.53)

2.42

ADR/GDR

Last Price

CH

% CH

% CH 5D

Hang Seng

19082.67

-182.40

(0.95)

(0.79)

Infosys

42.36

-1.59

-3.62

(4.51)

Shanghai

2260.877

-32.00

(1.40)

(1.53)

ICICI B

29.16

-0.85

-2.83

(2.25)

CSI 300

2512.185

-40.43

(1.58)

(2.18)

Wipro

8.77

-0.30

-3.31

(0.79)

KOSPI

1851.48

-37.67

(1.99)

(0.36)

Sterlite

6.84

-0.18

-2.56

(6.56)

Taiwan

7221.65

-57.40

(0.79)

0.92

HDFCB

30.19

-0.70

-2.27

1.21

Indices Future

Last Price

CH

% CH

% CH 5D

Tata Mo

21.24

-1.01

-4.54

2.66

SGX Nifty

5124

-52.00

(1.00)

(0.25)

Tata Com

7.36

0.01

0.14

(3.29)

Dow Jones

12526

24.00

0.19

(1.45)

DR.Reddy

27.53

-0.70

-2.48

(1.08)

Currencies & Freight

Last Price

CH

% CH

% CH 5D

MTNL

0.815

0.01

0.62

0.62

USD-INR X-RATE

56.31

0.16

(0.28)

(0.87)

Patni

18.31

-0.08

-0.44

(0.76)

EUR-INR X-RATE

71.48

0.13

(0.18)

(1.81)

SBI

75.5

0.15

0.20

(3.21)

INR-JPY X-RATE

1.41

0.00

(0.14)

0.28

RIL

25.33

-1.17

-4.42

(1.44)

BALTIC DRY INDEX

978

6.00

0.62

7.23684

L&T

23.83

-0.02

-0.08

2.32

SOURCE:BLOOMBERG

 

EQUITY MOVERS:

* Bharat Petroleum Corp.: India’s second-largest state refiner bought 1 million barrels each of Nigerian Qua Iboe and Agbami crude via

 a tender for loading in August from Royal Dutch Shell Plc.

* Cement Makers: Competition Commission of India found that cement manufacturers violated anticompetitive agreements including

cartels, the ministry of corporate affairs said on its website. Ultratech Cement Ltd. said in a statement that it would take action after

 studying the order, while India Cements Ltd. would seek legal recourse against the order, it said in a separate statement.

* Mahindra & Mahindra Financial Services Ltd.: JPMorgan sold 1.3 million shares of the company at an average price of 630.01 rupees.

* Tata Motors Ltd.: India’s biggest automaker is looking to hire a replacement for Prakash M. Telang, who retired as its managing director

 Yesterday.


OTHER NEWS:

* The country received 73.7 millimeters of rainfall in the June 1 to June 21 period, the India Meteorological Department said on its website.

That’s less than the 96.9 millimeters average considered normal for the period.

* Demand for India’s sovereign bonds has climbed to a two-year high as central bank Governor Duvvuri Subbarao prepares to mirror Federal

 Reserve Chairman Ben S. Bernanke in buying bonds to revive economic growth.

* India’s biggest lenders that use gold jewelry as collateral say earnings may stall this year as central bank regulation aimed at reducing risk in

 the banking system chokes off growth.

* Barclays Plc is eliminating about 590 jobs in India as part of a plan to wind down consumer lending operations in the country by next year.

* Asian stocks fell, with the regional benchmark index headed for a one-week low, as raw-material suppliers dropped after commodities entered

 a bear market and reports on U.S. home sales and manufacturing missed estimates.

* Greece’s coalition government partners will open discussions with international creditors to change some measures in the country’s second

bailout to ensure there are no further wage and pension cuts in the next two years and to protect jobs in the civil sector.

 

    SHAREHOLDERS MEET:

* 10 a.m. Ahmedabad. Axis Bank Ltd. will hold its 18th annual shareholders’ meeting. Venue: J.B. Auditorium, AMA Complex, Vikram Sarabhai Marg.

* 3:30 p.m. Mumbai. State Bank of India Chairman Pratip Chaudhuri will address the 57th annual shareholders’ meeting. Venue: Y.B. Chavan

Centre, Nariman Point.

 

    BOND SALE:

* 3:00 p.m. India to sell 40 billion rupees ($712 million) of 8.19% 2020 bonds.

* 3:00 p.m. India to sell 70 billion rupees of 9.15% 2024 bonds.

* 3:00 p.m. India to sell 20 billion rupees of 8.28% 2027 bonds.

* 3:00 p.m. India to sell 20 billion rupees of 8.83% 2041 bonds.

 

       CONFERENCES/EVENTS:

* 10 a.m. Mumbai. CII organizes Real Estate Conclave on “Conservation, Consolidation and Growth: Defining Success for Indian Realty.”

Conference chairman Anuj Puri, chairman of Jones Lang LaSalle, will address the media.

* 10:15 a.m. New Delhi. PHD Chamber of Commerce and Industry organize an event on ’Recent Advances on Lab Quality Management.’

 Speakers include Ashok Kumar Walia, health minister of Delhi; V.M Katoch, DG of ICMR, and Ramesh Adige, chairman of PHD Chamber.

* 10:30 a.m. Hyderabad. Kasu Venkata Krishna Reddy, minister for cooperation, will inaugurate the Hyderabad Jewellery, Pearl & Gem Fair

to be held from June 22-24. Sanjeev Khaira, MD & country head for UBM India, will address the media.

* 11:30 a.m. New Delhi. S. Jaipal Reddy, minister for petroleum & natural gas, will hold a press conference on transparency initiatives in LPG

 distribution.

* 7:15 p.m. New Delhi. Rajeev Saxena, business head & VP of NIIT Technologies Ltd., will hold a press conference to announce the implementation

 of core banking solution “BankingEasy” for Jamia Bank.

 

SOURCE;BLOOMBERG

 

Regards,

 

Team Microsec Research

 

 

--
CA. Rajesh Desai

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RAJESH DESAI

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Jun 25, 2012, 11:40:52 PM6/25/12
to LONGTERMINVESTORS, library-of-eq...@googlegroups.com, DAILY REPORTS, ai...@googlegroups.com, equity-rese...@googlegroups.com, globalspeculators

 

MARKETS

Asian Market is trading lower as Hang Seng was marginal up by 0.02% while Nikkei 225 were down by 0.50% and Chinese markets were down by 0.56%. Asian stocks fell for a fourth day as German Chancellor Angela Merkel hardened her resistance to euro-area debt sharing before European leaders meet this week. Copper rallied as U.S. new-home sales reached a two-year high. Overnight U.S. markets were down by 1.09%. Nifty at 8:00AM was trading at 5108  with a gain of 05 points.

 

MARKET STATS AT 8:00AM

Domestic Indices

Last Price

CH

% CH

% CH 5D

N-Ferrous Metals

Last Price

CH

% CH

% CH 5D

Sensex

16882.16

-90.35

(0.35)

1.06

Copper

7390.00

54.50

0.74

(2.88)

Nifty

5114.65

-31.40

(0.61)

0.21

Aluminum

1869.00

4.00

0.21

(2.96)

Global Indices

Last Price

CH

% CH

% CH 5D

Zinc

1811.00

6.00

0.33

(4.66)

Dow Jones

12502.66

-138.12

(1.09)

(1.88)

Nickel

16478.00

58.00

0.35

(3.58)

NASDAQ

2836.16

-56.26

(1.95)

(2.04)

Lead

1807.25

19.25

1.08

(5.50)

S&P 500

1313.72

-21.30

(1.60)

(2.31)

Bullion & Crude Oil

Last Price

CH

% CH

% CH 5D

FTSE 100

5450.65

-63.04

(1.14)

(0.74)

Gold

1584.65

0.17

0.01

(2.09)

CAC 40

3021.64

-69.26

(2.24)

(1.45)

Silver

27.47

-0.06

-0.21

(3.38)

DAX

6132.39

-130.86

(2.09)

(1.85)

NYMEX Crude Oil

79.31

0.10

0.13

(5.62)

Nikkei 225

8690.92

-43.70

(0.50)

0.40

ADR/GDR

Last Price

CH

% CH

% CH 5D

Hang Seng

18901.1

3.65

0.02

(2.66)

Infosys

42.46

-0.24

-0.56

(4.63)

Shanghai

2211.717

-12.40

(0.56)

(4.50)

ICICI B

29.38

-0.74

-2.46

0.24

CSI 300

2443.202

-13.32

(0.54)

(5.35)

Wipro

8.69

-0.18

-2.03

(2.58)

KOSPI

1822.83

-2.55

(0.14)

(3.64)

Sterlite

6.9

-0.04

-0.58

(1.29)

Taiwan

7143.18

-23.20

(0.32)

(1.79)

HDFCB

30.65

-0.18

-0.58

1.16

Indices Future

Last Price

CH

% CH

% CH 5D

Tata Mo

21.44

-0.37

-1.70

(0.56)

SGX Nifty

5108.5

4.50

0.09

(0.24)

Tata Com

7.76

0.16

2.11

4.30

Dow Jones

12460

29.00

0.23

(2.37)

DR.Reddy

27.71

0.00

0.00

1.09

Currencies & Freight

Last Price

CH

% CH

% CH 5D

MTNL

0.7957

-0.01

-1.77

(1.50)

USD-INR X-RATE

57.02

-0.14

0.25

(1.92)

Patni

18.01

0.01

0.06

(2.01)

EUR-INR X-RATE

71.14

-0.47

0.66

(0.61)

SBI

73.4

-1.25

-1.67

(3.42)

INR-JPY X-RATE

1.40

0.00

0.00

0.86

RIL

25.01

0.03

0.12

(2.99)

BALTIC DRY INDEX

978

0.00

0.00

4.26439

L&T

23.75

-0.05

-0.21

2.46

SOURCE:BLOOMBERG

 

    EQUITY MOVERS:

* C & C Constructions Ltd.: The developer received an order from Ircon International Ltd., it said in a statement to the stock exchange.

The cost of the project is 1.5 billion rupees.

* GV Films Ltd.: The production company said its lenders agreed to extend the repayment schedule of its foreign currency convertible

 bonds and accept payments in parts, according to statement to the stock exchange. The company will repay the loan in 24 months, it said.

* Sterlite Industries (India) Ltd.: The nation’s largest copper producer, will explore the possibility of extracting iron from copper slag,

according to a filing dated June 22 to the Securities and Exchange Commission.

 

OTHER NEWS:

* Mukherjee, who will resign today before running for president, raised the foreign investment cap on government bonds by $5billion to

 $20 billion. Global investors bid for 81 billion rupees ($1.4 billion) of quotas to buy notes of infrastructure companies at a sale last week,

18 percent less than targeted. International funds have only bought $30.2 billion of the government’s previous $60 billion limit on holdings

of corporate and sovereign notes.

* Ashok Leyland Ltd., India’s second-biggest truckmaker, is adding small goods carriers and expanding overseas to claw back market share

lost to Eicher Motors Ltd. and Tata Motors Ltd.

* India plans to sell 150 billion rupees of bonds on June 29, the Reserve Bank of India said in an e-mailed statement.

* The World Trade Organization agreed to investigate Indian restrictions on U.S. poultry meat and eggs and decide whether the curbs break

 global commerce rules. India has prohibited imports of various U.S. farm products since at least February 2007, saying the ban is needed to

prevent the spread of low-pathogenic avian influenza.

* Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA,Spain’s largest lenders, were downgraded by Moody’s Investors Service

because of the country’s sovereign debt and souring real-estate loans.

* Rice production in India, the second-largest grower, is set to climb to a record after local prices were raised, potentially allowing the nation

 to sustain exports for a second year and swelling a global cereal glut.

 

    SHAREHOLDERS MEET:

* 10 a.m. New Delhi. Punjab National Bank will hold its eleventh annual shareholders’ meeting at Central Staff College.

 

    IPOs:

* VKS Projects Ltd. may announce the price band and date for its IPO.

 

  

    CONFERENCES/EVENTS:

* 10:30 a.m. New Delhi. Tamana Management will host a special assembly to welcome Defne Kent, wife of Muhtar Kent, president & chief

executive officer of Coca-Cola Co., on their visit to schools.

* 12 p.m. New Delhi. Bharti Airtel Ltd. will hold a press conference to announce launch of a soccer initiative. Footballer Sunil Chhetri and

Manchester United legend Dwight Yorke to be present.

* 12 p.m. Mukesh Agarwal, president of CRISIL Research, will address a media teleconference to share outlook on EBITDA margin and revenue

 growth in the first quarter of FY13 for India Inc.

* 2 p.m. Mumbai. V.K. Sukumaran, managing director of VKS Projects Ltd., will address a press conference on its forthcoming IPO.

* 3:15 p.m. New Delhi. Wasim Basir, director of Coca-Cola, and Aditiya Swamy, executive vice president and business head of MTV, will address

a press conference to announce launch of the second season of Coke Studio.

 

 

SOURCE:BLOOMBERG

 

Regards,

 

Team Microsec Research




--
CA. Rajesh Desai

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