MORNING NOTE,
Rajesh Desai
MARKETS
Asian Market is trading higher as Hang Seng was up by 1.12% while Nikkei 225 was up by 1.85% and Chinese markets were up by 0.99%.
Asian stocks rose, with the regional benchmark index heading for its fourth monthly advance, after better-than-estimated U.S. home sales
added to confidence in the global recovery, boosting the earnings outlook for exporters. Overnight U.S. markets were up by 1.26%.
SGX Nifty at 8:00AM was trading at 5850 with a gain of 54 points.
MARKET STATS AT 8:00AM
Domestic Indices | Last Price | CH | % CH | % CH 5D | N-Ferrous Metals | Last Price | CH | % CH | % CH 5D |
Sensex | 19152.41 |
137.27 |
0.72 |
(2.50) | Copper |
7910.00 |
40.00 |
0.51 |
0.62 |
|
Nifty |
5796.9 |
35.55 |
0.62 |
(0.95) | Aluminium |
2025.00 |
5.00 |
0.25 |
(2.40) |
Global Indices |
Last Price |
CH |
% CH |
% CH 5D |
Zinc |
2096.50 |
17.50 |
0.84 |
(0.73) |
Dow Jones | 14075.37 |
175.24 |
1.26 |
1.06 |
Nickel |
16829.00 |
104.00 |
0.62 |
1.17 |
|
NASDAQ |
3162.257 |
32.61 |
1.04 |
(0.07) | Lead |
2319.50 |
15.50 |
0.67 |
(0.28) |
S&P 500 | 1515.99 |
19.05 |
1.27 |
0.27 |
Bullion & Crude Oil |
Last Price |
CH |
% CH |
% CH 5D |
|
FTSE 100 |
6325.88 |
55.44 |
0.88 |
(1.09) | Gold |
1599.30 |
1.89 |
0.12 |
1.45 |
|
CAC 40 |
3691.49 |
69.57 |
1.92 |
(0.50) | Silver |
29.10 |
0.09 |
0.29 |
1.48 |
|
DAX |
7675.83 |
78.72 |
1.04 |
(0.69) | NYMEX Crude Oil |
93.12 |
0.36 |
0.39 |
0.30 |
|
Nikkei 225 |
11462.63 |
208.66 |
1.85 |
1.36 |
ADR/GDR |
Last Price |
CH |
% CH |
% CH 5D |
|
Hang Seng |
22829.27 |
252.26 |
1.12 |
(0.34) | Infosys |
54.55 |
0.07 |
0.13 |
5.11 |
|
Shanghai |
2328.595 |
15.38 |
0.66 |
0.11 |
ICICI B |
42.6 |
0.81 |
1.94 |
0.28 |
|
CSI 300 |
2620.257 |
25.58 |
0.99 |
0.37 |
Wipro |
9.61 |
0.25 |
2.67 |
3.67 |
|
KOSPI |
2023.85 |
19.81 |
0.99 |
0.43 |
Sterlite |
7.36 |
0.15 |
2.08 |
(0.41) |
Taiwan | 7897.98 |
17.08 |
0.22 |
(1.63) | HDFCB |
39.46 |
0.24 |
0.61 |
(1.40) |
Indices Future |
Last Price |
CH |
% CH |
% CH 5D |
Tata Mo |
27.5 |
0.77 |
2.88 |
(2.17) |
SGX Nifty | 5850 |
54.00 |
0.93 |
0.03 |
Tata Com |
8.17 |
0.14 |
1.74 |
(1.57) |
Dow Jones | 14067 |
7.00 |
0.05 |
1.41 |
DR.Reddy |
32.91 |
0.26 |
0.80 |
(2.11) |
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 |
53.88 |
-0.22 |
0.41 |
0.36 |
Patni |
#N/A N/A |
#N/A N/A |
#N/A N/A |
#N/A N/A |
|
EUR-INR X-RATE |
70.56 |
-0.22 |
0.31 |
2.66 |
SBI |
86.05 |
-0.10 |
-0.12 |
(0.86) |
INR-JPY X-RATE | 1.72 |
0.00 |
(0.23) | (1.10) |
RIL |
31.04 |
0.29 |
0.94 |
(3.90) |
BALTIC DRY INDEX | 745 |
4.00 |
0.54 |
1.36054 |
L&T |
26.49 |
1.07 |
4.21 |
(1.19) |
SOURCE: BLOOMBERG
ECONOMY:
* 11 am: Finance Minister P. Chidambaram presents the annual budget for the 12 mos starting April 1.
* 5 p.m. India economic growth data for the three months ended Dec. 31. Est. 4.9%.
EQUITY MOVERS:
* Bank of India gets license from Botswana Central Bank.
* Castrol India 4Q net income 1.18b rupees vs 1.07b. Est.1.11b.
* NHPC says international court of arbitration at The Hague allows India to divert water from Kishanganga river for co. project.
OTHER NEWS:
* Asia’s third-largest economy likely expanded 4.9 percent in the last three months of 2012, the slowest in 15 quarters, median
of 43 estimates in a Bloomberg survey shows.
* Standard Chartered in talks to acquire Indian wealth management unit of Morgan Stanley.
* BSE to suspend trading in securities of 26 cos from March 21 for non-compliance with listing agreement.
* Govt approves 9 FDI proposals valued at 11.4b rupees, including Multi Screen Media’s 5.45b rupee proposal. Proposals by Telenor
Mobile, Hindustan Coca-Cola and Pipavav Defence deferred.
* PEC invites two bids to export 200,000 tons of wheat. Exporters have until March 2 to bid.
* Defense Minister A.K. Antony said he does not believe a response given by Agusta Westland that it abided by the terms of an
integrity pact while negotiating a $753 million deal for 12 helicopters. The upper house approved a parliamentary probe into
the chopper deal.
* Mylan Inc., the world’s second-biggest stand-alone generic drugmaker, agreed to buy India’s Strides Arcolab Ltd.’s injectable
drug unit Agila Specialties for $1.6 billion.
* Network18 divests Yellow Pages and AskMe businesses
EARNINGS:
* Mphasis - 1Q ended Jan. 31, Est. 1.95b rupees.
* Strides Arcolab - 4Q, Est. 666m rupees.
* Clariant Chemicals India - 4Q & yr 2012 and dividend.
* Assam Company India, Federal-Mogul Goetze India, ITD
Cementation India, Plethico Pharmaceuticals.
BULK DEALS:
* IFCI sells 2.69m Core Education shrs at 64.9 rupees each: NSE
* Lavender Investments buys 7m Magma Fincorp shrs at 85 rupees each: BSE. India Capital Opportunities sells 1.5m Magma shrs,
India Capital Fund sells 2.57m and India Institutional Fund sells 2.79m at same price.
CONFERENCES/EVENTS:
* 10:45 am: Hyderabad. CII budget-viewing session.
* 11 am:. New Delhi: CII budget-viewing session with R.C. Bhargava, chairman of Maruti Suzuki; S. Ramadorai, vice chairman of
TCS and Adi Godrej, chairman of Godrej Group.
* 1100. Mumbai. CII budget-viewing session.
* 11 am: New Delhi. ASSOCHAM budget-viewing session with K.P. Singh, chairman of DLF Group; Swati Piramal, director of Nicholas
Piramal and Rana Kapoor, MD of Yes Bank.
* 11 am: New Delhi. FICCI’s Media-Business Interface on budget.
* 11 am: Bangalore. BCIC budget-viewing session.
* 11 am: Bangalore. M.G. Sanghvi, CMD of Syndicate Bank, inaugurates Chikkabanavara branch at Kereguddadahalli.
* 2:30 pm: Lucknow. RBI Deputy Governor K.C. Chakrabarty at review meeting of RRBs in Uttar Pradesh.
* 3:30 pm: Chennai. Marc Hantscher, MD & CEO of BSH Household Appliances Manufacturing Pvt., announces India plans.
* 4 pm: New Delhi. Mitsubishi Electric India introduces Sub Assembly of Inverters & India Research & Development Centre.
Hideyuki Ohkubo, group president, addresses the media.
* 4:30 pm: New Delhi. Finance Minister P. Chidambaram holds post-budget press conference.
* 6 pm: Hyderabad. U.S. Consulate General organizes lecture on Global Energy Trends and Their Impact on India by Blake Clayton,
Fellow for Energy and National Security, Council on Foreign Relations, New York.
SOURCE:BLOOMBERG
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai