Microsec: MORNING NOTE
Rajesh Desai
MARKETS
Asian Market is trading mixed as Hang Seng was up by 0.55% while Nikkei 225 was down by 0.78% and Chinese markets were up by 0.49%.
Asian stocks swung from gains to losses after U.S. housing and consumer confidence data beat estimates, while investors await the sale
of long-term Italian debt today as borrowing costs surged following the nation’s deadlocked election. Overnight U.S. markets were up
by 0.84%. SGX Nifty at 8:00AM was trading at 5778 with a gain of 15 points.
MARKET STATS AT 8:30AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19015.14 |
-316.55 |
(1.64) | (3.20) |
Copper |
7898.00 |
39.50 |
0.50 |
(0.78) |
Nifty | 5761.35 |
-93.40 |
(1.60) | (3.06) |
Aluminium |
2032.00 |
9.00 |
0.44 |
(3.38) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2117.00 |
18.00 |
0.86 |
(0.75) |
Dow Jones | 13900.13 |
115.96 |
0.84 |
(0.97) | Nickel |
16800.00 |
155.00 |
0.93 |
(2.15) |
NASDAQ | 3129.647 |
13.40 |
0.43 |
(2.61) | Lead |
2315.50 |
18.50 |
0.81 |
(1.47) |
S&P 500 | 1496.94 |
9.09 |
0.61 |
(2.22) |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6270.44 |
-84.93 |
(1.34) | (1.70) |
Gold |
1611.70 |
-2.15 |
-0.13 |
1.92 |
|
CAC 40 |
3621.92 |
-99.41 |
(2.67) | (3.05) |
Silver |
29.30 |
-0.10 |
-0.34 |
1.96 |
|
DAX |
7597.11 |
-176.08 |
(2.27) | (2.00) |
NYMEX Crude Oil |
92.84 |
0.21 |
0.23 |
(1.72) |
Nikkei 225 | 11310.45 |
-88.36 |
(0.78) | (1.38) |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22642.76 |
123.07 |
0.55 |
(2.85) | Infosys |
54.48 |
-0.10 |
-0.18 |
4.27 |
|
Shanghai |
2304.607 |
11.27 |
0.49 |
(3.86) | ICICI B |
41.79 |
0.08 |
0.19 |
(4.24) |
CSI 300 | 2590.656 |
23.06 |
0.90 |
(4.14) | Wipro |
9.36 |
-0.12 |
-1.27 |
0.65 |
|
KOSPI |
2006.14 |
6.13 |
0.31 |
(0.91) | Sterlite |
7.21 |
0.07 |
0.98 |
(5.26) |
Taiwan | 7904.28 |
23.38 |
0.30 |
(1.55) | HDFCB |
39.22 |
0.48 |
1.24 |
(4.06) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
26.73 |
-0.50 |
-1.84 |
(5.88) |
SGX Nifty | 5778 |
15.50 |
0.27 |
(3.12) | Tata Com |
8.03 |
-0.02 |
-0.25 |
(5.19) |
Dow Jones | 13867 |
8.00 |
0.06 |
(0.16) | DR.Reddy |
32.65 |
-0.46 |
-1.39 |
(3.57) |
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 |
54.01 |
-0.09 |
0.16 |
0.11 |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
70.60 |
-0.18 |
0.26 |
2.61 |
SBI |
86.15 |
0.15 |
0.17 |
0.06 |
|
INR-JPY X-RATE |
1.70 |
0.00 |
(0.06) | 1.23 |
RIL |
30.75 |
-1.00 |
-3.15 |
(2.35) |
BALTIC DRY INDEX | 741 |
-2.00 |
(0.27) | 0.4065 |
L&T |
25.42 |
-0.84 |
-3.20 |
(6.23) |
SOURCE:BLOOMBERG
ECONOMY:
* 12 pm: Finance Minister P. Chidambaram presents the economic survey for FY13 in parliament.
EQUITY MOVERS:
* Bata India quarterly profit 509.1m rupees vs 450.6m rupees.
* Hindalco declares lock-out at Silvassa plant on strike.
* NTPC to explore geothermal potential in Chhattisgarh state.
* Ranbaxy 4Q Ebitda margins lower due to atorvastatin recall, MD Arun Sawhney says on earnings conference call.
OTHER NEWS:
* India Feb. business cycle indicator at 170.4, higher by 4.2% y/y: BluFin Business Cycle Indicator statement.
* NSE says sun outage may hit VSAT connectivity March 5-18. Capital mkts and derivatives trading to continue as normal during outage.
* Indian Railways retains target to procure 16,000 wagons in FY13: Vinay Mittal, chairman of railway board.
* SingTel denies media reports, says no formal charges brought against it by India’s CBI.
* Steel Authority of India plans 1.5b rupee, 5-yr bond sale.
* SIDBI plans 2.5b rupee, 3-yr bond sale.
* Airasia expects to start India venture in 4Q, Fernandes says
EARNINGS:
* Castrol India - 4Q, Est. 1.11b rupees.
* Bosch India - 4Q, Est. 1.97b rupees.
BOND SALES:
* 3 pm: India to sell 70b rupees of 91-day bills.
* 3 pm: India to sell 50b rupees of 182-day bills.
BULK DEALS:
* CLSA Mauritius sold 2.6m Essar Shipping shrs at 21.25 rupees each: NSE data. Leman Diversified Fund bought 2.6m shrs.
* CLSA Mauritius sold 3.35m Essar Ports shrs at 83.84 rupees each: NSE data
CONFERENCES/EVENTS:
* 10 am: Chennai. CII conference on Vision Tamil Nadu: Sustainable Infrastructure Development.
* 10 am: Bangalore. BCIC seminar on Encouraging Entrepreneurship: Raising Capital from Seed/VC/Private Equity.
* 10:15 am: New Delhi. Minister of Mines Dinsha J. Patel chairs 3rd Geoscience Advisory Council meeting.
* 2:30 pm: Mumbai. RBI Deputy Governor K.C. Chakrabarty speaks at meeting of the Financial Inclusion Advisory Committee.
* 3 pm: New Delhi. Chief Economic Adviser Raghuram G. Rajan holds press conference on the Economic Survey.
* 4:30 pm: New Delhi. Science & Technology Minister S. Jaipal Reddy is chief guest at National Science Day Celebrations.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai