MORNING NOTE Apr 2, 2013
Rajesh Desai
MARKETS
Asian Market is trading mixed as Hang Seng was up by 0.15% while Nikkei 225 was down by 0.23% and Chinese markets were
down by 0.16 %. Asian stocks outside Japan rose and the dollar touched a one-month low against the yen as U.S. data damped
speculation the Federal Reserve will rein in monetary stimulus. Metals fell, while agricultural commodities rebounded. Overnight U.S.
markets were down by 0.04%. SGX Nifty at 8:00AM was trading at 5712 with a loss of 11 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 18864.75 |
28.98 |
0.15 |
0.38 |
Copper |
7458.25 |
-81.75 |
-1.08 |
(2.57) |
Nifty | 5704.4 |
21.85 |
0.38 |
0.94 |
Aluminium |
1901.00 |
-3.00 |
-0.16 |
(2.36) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
1896.00 |
-1.25 |
-0.07 |
(2.87) |
Dow Jones | 14572.85 |
-5.69 |
(0.04) | 0.42 |
Nickel |
16560.00 |
-100.00 |
-0.60 |
(3.44) |
NASDAQ | 3239.173 |
-28.35 |
(0.87) | (0.18) |
Lead |
2100.00 |
-12.00 |
-0.57 |
(4.09) |
S&P 500 | 1562.17 |
-7.02 |
(0.45) | 0.34 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6411.74 |
24.18 |
0.38 |
0.36 |
Gold |
1603.53 |
4.01 |
0.25 |
0.22 |
|
CAC 40 |
3731.42 |
19.78 |
0.53 |
(1.15) | Silver |
28.12 |
0.08 |
0.28 |
(2.25) |
DAX | 7795.31 |
6.22 |
0.08 |
(1.73) | NYMEX Crude Oil |
96.79 |
-0.28 |
-0.29 |
2.09 |
|
Nikkei 225 |
12107.4 |
-27.62 |
(0.23) | (2.92) |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22334 |
34.37 |
0.15 |
0.99 |
Infosys |
53.29 |
-0.62 |
-1.15 |
1.76 |
|
Shanghai |
2229.22 |
-5.16 |
(0.23) | (2.98) |
ICICI B |
41.88 |
-1.02 |
-2.38 |
3.54 |
|
CSI 300 |
2489.147 |
-4.04 |
(0.16) | (3.34) |
Wipro |
9.88 |
-0.22 |
-2.18 |
(0.30) |
KOSPI | 1993.97 |
-2.02 |
(0.10) | 2.32 |
Sterlite |
6.61 |
-0.37 |
-5.30 |
(4.48) |
Taiwan | 7910.88 |
11.64 |
0.15 |
0.69 |
HDFCB |
37.17 |
-0.25 |
-0.67 |
1.84 |
|
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
23.84 |
-0.57 |
-2.34 |
(3.79) |
SGX Nifty | 5712 |
-11.00 |
(0.19) | 0.25 |
Tata Com |
8.07 |
-0.15 |
-1.82 |
2.41 |
|
Dow Jones |
14508 |
19.00 |
0.13 |
0.85 |
DR.Reddy |
32.98 |
0.63 |
1.95 |
2.65 |
|
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 |
54.28 |
-0.09 |
0.16 |
0.00 |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
69.50 |
-0.48 |
0.70 |
0.84 |
SBI |
83.35 |
0.85 |
1.03 |
(1.07) |
INR-JPY X-RATE | 1.71 |
-0.01 |
0.29 |
1.70 |
RIL |
28.48 |
-0.41 |
-1.42 |
(4.40) |
BALTIC DRY INDEX | 910 |
-12.00 |
(1.30) | -2.46517 |
L&T |
25.1 |
0.39 |
1.58 |
(3.09) |
SOURCE:BLOOMBERG
EQUITY MOVERS:
* Aurobindo Pharma expects 15 product approvals from U.S. FDA over 2 yrs, Ronald Quadrel, president of U.S. unit
Auromedics Pharma, says.
* Coal India FY13 production +3.8% to 452.2m tons vs target of 464.1m tons. Sales +7.4% to 465.2m tons vs target of 470m
tons.
* GAIL India books 2.3 MTPA liquefaction capacity at Dominion’s Cove Point LNG terminal for 20 yrs.
* Hero Motocorp’s March sales 468,283 units vs 528,290 yr earlier.
* India Infoline approves restructuring of group businesses: exchange filing.
* Indian Oil cuts gasoline prices by 0.85 rupee a liter from midnight.
* IVRCL sells stakes in 3 highway projects to Tata group unit: exchange filing.
* Jindal Stainless completes $250m overseas debt revamp.
* MTNL plans to raise 20B rupees via bond sale in FY14.
* NTPC signs accord to generate 242 BU in FY14 and plans to produce 4m tons of coal from own mines.
* Tata Motors March sales -28% to 72,712 vehicles from 100,414 units yr ago.
OTHER NEWS:
* Supreme Court to deliver verdict on Sterlite copper plant at 10:30 a.m.
* MTNL plans to raise 20b rupees selling bonds in FY14, Chairman Ashok Kumar Garg says. Won’t raise funds from abroad.
* MMTC invites bids to import 21,000 tons of RBD palm oil by April 15: co. website. Bid submission by April 10
CONFERENCES/EVENTS:
* 9 am: Mumbai. National Housing Bank listing ceremony at NSE.
* 9:30 am: New Delhi. Indo-Swiss Capacity Building Program on Himalayan Glaciology.
* 10:30 am: India court verdict on Sterlite copper plant.
* 11:30 am: New Delhi. Corporate announcement by Hironori Kanayama, President & CEO, Honda Cars India.
* 12 pm: Tokyo. Finance Minister P. Chidambram holds investors meeting at the Imperial Hotel.
* 1:30 pm. CRISIL Ratings media teleconference.
* 2:30 pm: New Delhi. Press conference by Institute of Chartered Accountants of India.
* 7:30 pm: Kolkata. Pepsi IPL 2013 Opening Nite at Salt Lake Stadium.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai