(SWITZERLAND) LTD Indian Market Research Daily ... - Hinduja Bank

* Shows Trends for last two trading sessions & current day
**Based on spread between spot and near future prices of commodities
H IN D UJA BAN K ( SW IT Z E RLA N D) L TD
Indian Market Research
Daily Market Summary Friday, 28 October, 2011
HIGHLIGHTS
� SBI expects 100-125 bps rise in savings bank fund costs
� Maruti faces 4% cancellation of Swift orders
� Indian Hotels turns around, posts ` 80 mn profit
� NHPC Q2 net jumps 40% to ` 9.66 bn
� FDI inflows up 50% at $21 bn during Jan-Aug
� Infosys seeks acquisitions worth $700 mn: Kris
INDEX MOVEMENTS
SUMMARY
EU leaders' efforts to contain the euro zone debt crisis and data showing
the US economy grew in the third quarter at its fastest pace in a year
stoked appetite for riskier assets globally, propelling Indian bourses
sharply higher. The market gained for the fourth straight day. The market
breadth was strong. Buying was witnessed across the board with all the
13 sectoral indices on BSE clocking gains. Metal stocks led the rally on
surge in global metal prices. Hindalco Industries jumped more than 10%.
Interest ratesensitive realty and banking stocks rose after RBI hinted that
a pause in interest rate hikes is likely at its December meeting. Among
index heavyweights Reliance Industries jumped nearly 3%, L&T surged
close to 5% and ICICI Bank galloped nearly 7%. ITC hit record high. The
BSE Sensex was up 515 points or 2.98%.
INDEX Prev. Close Open High Low Close Gain / Loss Gain / Loss %
Sensex 17,288.83 17,671.86 17,908.13 17,671.86 17,804.80 � 515.97 2.98
S&P CNX Nifty 5,201.80 5,341.90 5,399.70 5,322.80 5,360.70 � 158.90 3.05
S&P CNX 500 4,119.05 4,195.25 4,235.15 4,195.25 4,229.75 � 110.70 2.69
CNX Nifty Junior 9,768.80 9,772.85 10,007.25 9,772.85 9,997.80 � 229.00 2.34
CNX Midcap 7,073.65 7,075.55 7,249.45 7,075.55 7,239.80 � 166.15 2.35
CNX IT 6,187.05 6,346.45 6,432.65 6,246.60 6,273.95 � 86.90 1.40
CNX 100 5,068.30 5,183.85 5,231.45 5,181.50 5,217.50 � 149.20 2.94
BANK Nifty 9,546.60 9,837.95 9,932.40 9,837.35 9,917.05 � 370.45 3.88
NIFTY GAINERS
Company Name Curr. Price Prev. Price Gain %
HINDALCO 142.00 128.25 � 10.72
DLF 248.65 229.75 � 8.23
JPASSOCIAT 78.65 72.80 � 8.04
RELINFRA 457.95 423.90 � 8.03
STER 132.00 122.20 � 8.02
COMMODITY & CURRENCY MARKET
Currency Curr. Rate
USD 48.8050
EUR 69.2200
100 YEN 64.3025
Commodity (Futures) Prev. Day Curr. Day
Brent Crude (USD / bbl) 112.080 110.770
Gold (USD / t. Oz) 1,747.700 1,742.000
Silver (USD / t. Oz) 35.112 35.555
NIFTY LOSERS
Company Name Curr. Price Prev. Price Loss %
BPCL 636.45 657.15 � 3.15
MARUTI 1,130.55 1,149.30 � 1.63
GAIL 425.35 428.15 � 0.65
BHARTIARTL 391.00 393.05 � 0.52
SESAGOA 204.00 205.00 � 0.49
ASIAN MARKETS & INSTITUTIONAL ACTIVITY ON NSE & BSE
Index Closing Gain / Loss Var. %
Hangseng 20019.20 � 330.54 � 1.68
Nikkei-225 9050.47 � 123.93 � 1.39
Shanghai Composite 2473.41 � 37.80 � 1.55
Straits Times 2905.72 � 58.15 � 2.04
Taiwan TAIEX 7616.06 � 50.85 � 0.67
Category
Buy Value
(` bn)
Sell Value
(` bn)
Net Value
(` bn)
FII-28-Oct -2011 54.96 33.30 21.66
DII-28-Oct -2011 12.00 22.78 10.78
Disclaimer
The information in this publication was developed using data which Hinduja Bank (Switzerland) Ltd assumes to be accurate; nevertheless, Hinduja Bank (Switzerland) Ltd accepts no
liability and offers no guarantee. The availability of such information does not constitute a recommendation to buy or sell any of the securities discussed therein. Statements made in this
publication can be changed without prior notice. Moreover, the content is not intended for individuals (or entities) who (which), by reason of their nationality or domicile or for any other
reason, are subject to foreign regulations prohibiting access to banking services or investment instruments via one or several distribution channels, or prohibiting or restricting the use of
any information provided in this document.
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Friday, 28 October, 2011
OVERVIEW
Indian Market Research – Daily Market Summary
H IN D UJA BAN K ( SW IT Z E RLA N D) L TD
� European markets were trading higher on Europe deal, US data. Key benchmark indices in UK, Germany and France were up by between 0.2% to
0.78%. The deal in Europe calls for private banks and insurers to take 50 percent losses on their Greek debt as well as agreements on recapitalisation
of hard-hit European banks and a leveraging of the bloc's rescue fund. Asian stocks advanced on Friday as a long-awaited plan to resolve the European
debt crisis encouraged investors to put money back in markets driving up prices of risky assets such as the euro and commodities. Key benchmark
indices in China, Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan rose by between 0.39% to 2.04%. Trading in US index futures
indicated that the Dow could fall 32 points at the opening bell on Friday, 28 October 2011.
ECONOMIC AND POLITICAL HEADLINES
� Despite the uncertain economic environment globally, Foreign Direct
Investment (FDI) in India surged 50% to $20.76 billion from January-
August, according to the industry ministry's latest data. During
January-August 2010, the country attracted FDI worth $13.85 billion.
� Food inflation shot up to 11.43% for the week ended October 15 on
the back of costlier vegetables, fruits, milk and protein-based items.
The rate of price rise of food items was 14.20% in the corresponding
week of 2010.
� The Finance Ministry yesterday said it is likely to approve capital
infusion into PSU banks, including State Bank of India (SBI), by mid-
November.
� Worried over the impact of global slowdown on exports, the
Commerce Ministry has initiated an exercise to revitalise SEZs.
EQUITY MARKETS & SECTOR PERFORMANCE
� Metals led the rally on positive global cues.
� All 13 indices gained.
� Out of 2959 scrips traded over BSE, 1728 advanced & 1139 declined.
Average Var. %
ND
METAL 6.34
REALTY 5.34
BANKEX 3.73
CG 3.56
AUTO 2.87
POWER 2.68
PSU 2.43
OIL&GAS 2.17
HC 1.47
IT 1.36
FMCG 1.27
TECk 1.12
CD 0.18
BONDS, T-BILLS & IPOs
� India's 10-year benchmark bond yield climbed to its highest in more than
three years on Friday as supply pressures continued to weigh on
sentiment, and as a plan to contain Europe's debt crisis caused investors
to spurn safe-haven government debt.
GLOBAL NEWS
� Global markets got a boost after euro zone leaders struck an agreement
with private lenders for the latter to accept a 50% loss on their Greek
government bonds. Additional support came from data showing the US
economy grew in the third quarter at its fastest pace in a year, bringing
relief to investors who weeks ago feared the world's largest oil consumer
would lapse into another recession.
� Samsung Electronics Co surpassed Apple Inc as the world's top
smartphone maker with more than 40% shipment growth, and forecast
strong sales in the fourth quarter, as it aims to consolidate its lead
against rivals.
INDUSTRY NEWS & TRENDS
� The Securities and Exchange Board of India (Sebi) has drafted
alternative investment fund guidelines and could release the final
code within a few months, an official with the Sebi board said on
Friday. India media recently reported that the Sebi was mulling a
framework to regulate private equity investment in one of the world's
top emerging economies.
.
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N.B. Shows Trends for last trading sessions & current day chronologically
COMMODITIES
� Oil prices dropped below $93 a barrel Friday after surging the previous
session amid investor optimism Europe's plan to contain its debt crisis
will help boost global economic growth. Crude oil futures had rallied
more than 4% on Thursday.
� Gold regained the ` 28,000 per 10 grams mark after a month by adding
` 110 today, on brisk buying by stockists driven by firming global trend.
Silver also surged by ` 2,300 to ` 58,300 per kg on increased offtake by
industrial units and speculators.
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Friday, 28 October, 2011
CORPORATE ANNOUNCEMENTS
Indian Market Research – Daily Market Summary
H IN D UJA BAN K ( SW IT Z E RLA N D) L TD
� State-owned Oil and Natural Gas Corp (ONGC) plans to take up to 49% stake in one of the five proposed nuclear power plants of Nuclear Power Corp of
India Ltd (NPCIL). "We are in discussions with NPCIL for incorporating a joint venture for setting up a nuclear power plant. NPCIL will have a minimum of 51%
stake in the joint venture while ONGC would have a maximum of 49%," a company official said.
� Indian Hotels Company today reported profit after tax of ` 81.2 mn for the second quarter ended September 30, 2011, over the same period previous fiscal.
The company had posted a net loss of ` 63 mn in the same period last financial year. Total income of the company stood at ` 3.57 bn for the second quarter
this fiscal, as against ` 3.28 bn in the same period previous fiscal.
� NHPC Ltd announced a 40% jump in its net profit at ` 9.66 bn for the quarter ended September 2011 as compared to ` 6.9 bn a year ago in the
corresponding period. Total income too rose almost 50% to ` 21.62 bn from ` 14.52 bn earned a year ago.
� Infosys Ltd, the second largest software services exporter in the country, is looking for acquisitions worth up to $700 million, Infosys' Executive Co-Chairman
Kris Gopalakrishnan said on Thursday.
� Country's largest gold loan company Muthoot Finance today reported 88 per cent increase in profit at a little over ` 2.15 bn, driven by a massive 110 per
cent jump in revenues, for the second quarter ended September 30, 2011.
IMPORTANT DATES
� October 29 : Results – LIC Housing Fin, Maruti Suzuki, Maharashtra Seam, IOB, Electrosteel Cast, KSK Energy
� October 31 : Results – 3M India, Dena Bank, J&K Bank, Alok Inds, EIH, Karnataka Bank, Ballarpur Ind, Lakshmi Mach, Bata India, Birla Corp, BOB, BPCL,
Canara Bank, Castrol India, Century Enka, Century Tex, Colgate Palmolive, Corp Bank, Dabur India, Gillette India, Gulf Oil, Havells India, HUL, ICICI Bank,
Indian Bank, IPCA Lab, NMDC, Novartis India, Oriental Bank, Shanthi Gears, Uco Bank, United Brew, Vijaya Bank, Wipro
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