MORNING NOTE Apr 9, 2013
Rajesh Desai
MARKETS
Asian Market is trading higher as Hang Seng was up by 0.81% while Nikkei 225 was up by 0.51% and Chinese markets were
up by 0.53 %Asian stocks climbed for a second day and copper led metals higher as workers in Chile prepared for a nationwide
strike. The yen erased losses after a three-day drop that brought it to the brink of 100 per dollar for the first time in four years.
Overnight U.S. markets were up by 0.33%. SGX Nifty at 8:00AM was trading at 5578 with a gain of 23 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 18437.78 |
-12.45 |
(0.07) | (2.26) |
Copper |
7520.00 |
70.00 |
0.94 |
0.74 |
|
Nifty |
5542.95 |
-10.30 |
(0.19) | (3.57) |
Aluminium |
1902.75 |
12.75 |
0.67 |
1.00 |
|
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1911.00 |
19.00 |
1.00 |
3.07 |
|
Dow Jones |
14613.48 |
48.23 |
0.33 |
0.28 |
Nickel |
16229.00 |
179.00 |
1.12 |
(0.92) |
NASDAQ | 3222.252 |
18.39 |
0.57 |
(0.52) | Lead |
2079.00 |
21.00 |
1.02 |
1.41 |
|
S&P 500 |
1563.07 |
9.79 |
0.63 |
0.06 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6276.94 |
27.16 |
0.43 |
(2.10) | Gold |
1575.18 |
1.54 |
0.10 |
(0.05) |
CAC 40 | 3666.78 |
3.30 |
0.09 |
(1.73) | Silver |
27.36 |
0.05 |
0.18 |
0.29 |
|
DAX |
7662.64 |
3.89 |
0.05 |
(1.70) | NYMEX Crude Oil |
93.60 |
0.24 |
0.26 |
(3.69) |
Nikkei 225 | 13260.04 |
67.45 |
0.51 |
10.47 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
21894.89 |
176.84 |
0.81 |
(1.82) | Infosys |
51.8 |
-0.23 |
-0.44 |
(2.80) |
Shanghai | 2219.716 |
8.13 |
0.37 |
(0.76) | ICICI B |
38.98 |
-0.18 |
-0.46 |
(6.92) |
CSI 300 | 2485.475 |
13.18 |
0.53 |
(0.39) | Wipro |
9.77 |
-0.29 |
-2.88 |
(1.11) |
KOSPI | 1906.01 |
-12.68 |
(0.66) | (4.93) |
Sterlite |
6.4 |
-0.19 |
-2.88 |
(3.18) |
Taiwan | 7730.73 |
-22.06 |
(0.28) | (2.37) |
HDFCB |
36.39 |
0.21 |
0.58 |
(2.10) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
23.88 |
0.26 |
1.10 |
0.17 |
|
SGX Nifty |
5578.5 |
23.50 |
0.42 |
(3.28) | Tata Com |
8.16 |
0.00 |
0.00 |
1.12 |
|
Dow Jones |
14578 |
15.00 |
0.10 |
(0.04) | DR.Reddy |
35 |
0.62 |
1.80 |
6.12 |
|
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 |
54.58 |
-0.24 |
0.44 |
(0.54) | Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
71.10 |
0.24 |
(0.34) | (2.25) |
SBI |
75.2 |
0.80 |
1.08 |
(9.78) |
INR-JPY X-RATE | 1.82 |
0.01 |
(0.27) | (5.98) |
RIL |
28.42 |
0.53 |
1.90 |
(0.21) |
BALTIC DRY INDEX | 858 |
-3.00 |
(0.35) | -5.71429 |
L&T |
23.85 |
0.05 |
0.21 |
(4.98) |
SOURCE: BLOOMBERG
ECONOMY:
* 11:30am: Mumbai. RBI deputy governors hold pre-policy consultation with NBFCs
* 2:30pm: Mumbai. RBI deputy governors hold pre-policy consultation with FIMMDA, FEDAI and PDAI
* 4:15pm: Mumbai. RBI deputy governors hold pre-policy consultation with UCBs, RCBs and MFIs
* Six Indian states to sell 27.13b rupees of bonds
EQUITY MOVERS:
* Maharashtra Seamless approves 1b rupees for shr buyback at as much as 300 rupees each.
* Moser Baer India scraps April 16 bondholder meeting to consider recast proposal, seeks more time.
* Batelco says no certainty that interest expressed to Reliance Group will lead to transaction.
* Tata Consultancy reaches $29.75m settlement in U.S. employment class action lawsuit.
OTHER NEWS:
* Supreme Court to hear Sunil Mittal summons case April 15.Federal investigating agency to respond to Mittal’s petition.
* Thomas Cook India said to plan 1b rupee bond sale
* BMW Motorrad to partner with India’s TVS Motor to develop series of bikes with engine sizes below 500cc
* MTS has a “clear understanding” with Sistema over its India unit and won’t be merged with the unit, Mobile TeleSystems
CFO Alexey Kornya says
* Canadian and Indian regulators agree to an arrangement that moves both countries closer to completing a pact that will enable
the export of uranium and nuclear supplies
SHAREHOLDER MEETINGS:
* GlaxoSmithKline Consumer Healthcare 54th AGM
CONFERENCES/EVENTS:
* 9:15am: New Delhi. ONGC Chairman Sudhir Vasudeva addresses ONGC meeting on 10th Principle Against Corruption in India
* 12pm: Mumbai. ArdexEndura India briefing on joint venture and new investments
* 12pm: New Delhi. Briefing by FICCI secretary general Didar Singh on Great Indian Travel Bazaar 2013
* 12:30pm: New Delhi. Ian Harebottle, CEO of Gemfields Plc, speaks on plans for the Indian market
* 3:30pm: Chennai. MMRF Realty and Infrastructure to introduce first two projects
* 6:30pm: New Delhi. Global Compact Network India organizes discussion on Indian Values, International Standards.
SOURCE: BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai