Morning Notes
Date: 30.08.2011
Index
Close
Change (%)
Index
Close
Change (%)
S&P CNX NIFTY
4919.60
3.62
S&P CNX DEFTY
3713.60
4.11
CNX NIFTY JUNIOR
9872.05
2.86
S&P CNX 500
3977.35
3.27
BANK NIFTY
9342.45
4.10
CNX MIDCAP
7201.50
2.24
INDIA VIX
26.07
-21.62
NIFTY MIDCAP 50
2123.30
2.73
CNX 100
4844.80
3.49
CNX ENERGY
7569.70
3.14
LAST SESSION FLASH
The domestic bourses rebounded sharply and ended on a robust note as the global markets cheered statement made by Fed
Chairman Ben Bernanke which held back further stimulus for the time being. Finally, the market closed on a bullish note with the
benchmarks posting over 3.50% gains each. In the economic front, India’s GDP growth is expected to remain at 8% and the
quarterly GDP data is expected to come at 7.6% slower than last quarter’s performance. The first quarter data is expected to be
released on Tuesday.
Nifty GAINERS
Nifty LOSERS
Company
Close
Change (%)
RELIANCE CAP
377.25
H C L TECH
TCS
RPOWER
Company
Close
Change (%)
9.60
ONGC
274.95
-1.08
MARUTI
1,079.40
-0.37
390.45
7.62
1,019.60
7.50
83.45
7.06
In the sectoral front, the IT, Metal, Realty and Banking space were the major contributors to the significant market rally during
the session, advancing by 5.06%, 4.63%, 4.43% and 4.10%, respectively. The Reserve Bank of India has stated that Indian banks
will adhere to the globally agreed timeline for implementation of Basel III norms and guidelines in this regard will be issued in
the near future. Basel 3 norms are to be implemented from January 1, 2013.
Index Aggregates
Sensex
Nifty
P/E
18.14
18.50
Advances & Declines
P/B
3.32
3.45
Div Yield
1.53
1.60
Index
Advances
NIFTY
48
NIFTY JR
BANK NIFTY
Declines
No chng
A/D Ratio
2
0
24.00
46
4
0
11.50
12
1
0
12.00
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GLOBAL VIEW
American & European Indices
S&P 500
NASDAQ
Asian Indices
Close
Change (%)
1210.08
2.83
2562.11
Close
Change (%)
NIKKEI
8978.49
1.45
3.32
HANG SENG
20228.71
1.83
STRAITS TIMES
2791.89
0.00
87.60
0.38
1786.80
-0.09
DOW JONES
11539.25
2.26
FTSE
5129.92
-0.02
DAX
5670.07
2.39
OIL
2.16
GOLD
CAC 40
3154.20
Important Happenings
Japan Jobless Rate Increases to 4.7%
Japan’s jobless rate rose for a second straight month as a stronger yen and the global economic slowdown weigh on the
outlook for the country’s anticipated rebound from the March 11 earthquake. The unemployment rate rose to 4.7 percent
in July, the statistics bureau said today in Tokyo. The median estimate of 28 economists surveyed by Bloomberg was for 4.6
percent. Payrolls fell by 40,000 from a month earlier, the report showed. Deploying tools from the central bank’s monetary
stimulus to a government-formed emergency loan program, authorities are seeking to counter the effect of an advancing
currency that’s threatening to damp growth. Two quake-relief packages worth 6 trillion yen ($78 billion) won’t be enough
to keep Japan’s economy from contracting this year, economist David Rea said.
Polish Economic Growth Probably Slowed in Second Quarter on Export Demand
Poland’s economic expansion probably slowed in the second quarter, mirroring weaker European growth, as waning
foreign demand hurt exports. Gross domestic product grew 4.2 percent from a year earlier, compared with a 4.4 percent
rise in the previous quarter, according to the median estimate of 27 economists surveyed by Bloomberg. The data will be
published tomorrow at 10 a.m. in Warsaw. Growth in the euro area, which buys 55 percent of Polish exports, slowed to 0.2
percent from the previous quarter in the April-June period, the worst performance since the bloc’s 2009 recession. Exportled growth in Hungary, Romania and the Czech Republic has decelerated as Europe’s debt crisis and a weaker U.S.
economy put the brakes on global expansion.
Yen, Dollar, Franc Hold Losses as Equity Gains Cut Demand for Refuge
The yen, dollar and Swiss franc held onto yesterday’s declines against the majority of their most- traded peers as Asian
stocks extended a global rally in equities, reducing demand for refuge currencies. The U.S. currency traded 0.2 percent
from an eight-week low against the euro before the Federal Reserve today releases the minutes of its Aug. 9 meeting, at
which policy makers pledged for the first time to keep interest rates at a record low through mid-2013. Demand for the 17nation euro was limited after European Central Bank President Jean-Claude Trichet said that the bank is reviewing its
assessment of inflation risks following a slowdown in growth.
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NEWS UPDATES
MACRO
The Reserve Bank of India released on its website, the Draft Guidelines for “Licensing of New Banks in the Private Sector”. The
Reserve Bank has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial
houses, other institutions and the public at large. Suggestions and comments on the draft guidelines may be sent by October 31.
Final guidelines will be issued and the process of inviting applications for setting up of new banks in the private sector will be
initiated. After receiving feedback, comments and suggestions on the draft guidelines, and after certain vital amendments to
Banking Regulation Act, 1949 are in place.
COMPANY
Axis Bank, India’s third largest private Bank, announced its tie up with Malayan Banking Berhad (Maybank), Malaysia, for
remitting money from Malaysia to beneficiary accounts in India. Axis Bank has entered into an agreement with Maybank for
offering remittance facility to India, under Maybank Money Express (MME) service. The service offers straight through
remittance facility for sending money to the intended beneficiaries, holding an account with Axis Bank or any of the 78000 NEFT
enabled branches of over 100 other banks in India.
Spanco has been appointed as a Business Correspondent (BC) by State Bank of India (SBI) to open 200 + Kiosk banking outlets in
the villages of Maharashtra as part of the first phase and will add more centers after December 2011. The citizen fingerprints will
be recorded for banking transactions which will include cash deposit/ withdrawal, money transfers, loans etc. The account
holder can also receive NSC and KVP certificates, invest in mutual funds and activate different accounts.
Fortis Healthcare (India) Ltd. announced the launch of four hospitals as part of its plan to strengthen its presence across the
country. This announcement fulfills the ‘10 in 10’ commitment made by the Company on its 10th Anniversary in end-June, to
announce 10 new hospitals in 10 weeks. Fortis has now announced 10 launches in less than 10 weeks, taking its bed capacity to
10,270 beds. Besides setting up new hospitals in Cochin, Bilaspur and Bangalore, Fortis Healthcare will manage the Cardiac Care
unit at HLG hospital in Asansol, West Bengal.
Arshiya International, Indian Integrated supply chain and logistics infrastructure solutions company and Tata BlueScope Steel (A
50:50 joint venture between the Indian steel giant Tata Steel and the globally renowned Building Solutions provider BlueScope
Steel), have come together to build warehouses at India`s first Free Trade and Warehousing Zone (FTWZ) developed and
operated by Arshiya International in Panvel, near Mumbai. For the massive warehousing project covering a total plan area of
5.45 lakh square feet, Tata BlueScope Building Solutions has designed, manufactured, supplied and erected five BUTLERTM
Buildings.
RPP Infra Projects Ltd., one of India's leading and fast growing Non Metro/Rural based company engaged in the business of
infrastructure development such as highways, roadways, bridges, civil construction works, irrigation, water supply projects and
power plants has won a mass housing contract in “Republic of Gabon” (RG) awarded by the Ministry of Housing. The contract is
awarded to RPP Infra on ‘Design, Build Finance and Transfer ' (DBFT) model. The objective of the contract would be to construct
and deliver 10,000 houses over 36 months over various phases. The total contract is valued at Euro 250 million which is Rs. 15bn.
Venus Remedies has received European Market Authorization (MA) for its anti cancer product, Docetaxel. The company`s
wholly-owned subsidiary, Venus Pharma GmbH, Germany has received this MA for Portugal. The company is all set to launch this
anti-cancer drug in this market by end of 2011 and it has also filed a patent fort his product.
Despite facing hurdles like delays in green nods, Coal India is striving to achieve a 5% growth in production this fiscal against
431.32 million tonne (MT) output achieved in 2010-11, the government today said. "CIL production has been hit due to adverse
circumstances in the last two-three years due to delays in environment and forest clearances, land acquisition and problems like
extremism and law and order. Efforts are being made to raise production by 5% this fiscal," Coal Minister Sriprakash Jaiswal told
the Rajya Sabha.
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TECHNICAL ANALYSIS
MOST ACTIVE STOCKS PIVOTAL GUIDANCE
Lower 2
Lower 1
Axis
Higher 1
Company
Higher 2
BANK NIFTY
9239.13
9313.45
9387.77
9452.80
9464.42
RELIANCE
744.56
750.55
756.54
761.78
762.71
RCOM
75.26
75.86
76.47
77.00
77.09
RELCAPITAL
377.26
380.30
383.33
385.99
386.46
REL
437.58
441.10
444.62
447.70
448.25
LT
1594.68
1607.51
1620.34
1631.56
1633.57
STER
125.01
126.01
127.02
127.90
128.06
ICICIBANK
849.92
856.76
863.60
869.58
870.65
SBIN
1924.41
1939.89
1955.37
1968.91
1971.33
TATASTEEL
442.38
445.94
449.50
452.61
453.17
RPOWER
82.34
83.01
83.67
84.25
84.35
TATAPOWER
1035.27
1043.60
1051.93
1059.22
1060.52
INFOSYSTCH
2261.00
2279.18
2297.37
2313.29
2316.13
BHEL
1751.22
1765.30
1779.39
1791.72
1793.92
ONGC
273.98
276.19
278.39
280.32
280.67
ACC
996.94
1004.96
1012.98
1019.99
1021.25
PUNJLLOYD
55.87
56.32
56.76
57.16
57.23
HDFCBANK
451.11
454.73
458.36
461.54
462.11
MARUTI
1077.76
1086.43
1095.10
1102.69
1104.04
AXISBANK
1032.79
1041.10
1049.40
1056.67
1057.97
DLF
182.29
183.76
185.22
186.51
186.74
BULLISH for Today
Name
TATAMOTORS
JSWSTEEL
BULLISH for BTST/T+2
CMP
Targets
Stop Loss
Name
CMP
Targets
Stop Loss
729.60
652.20
737-740
658-660
719
645
SBIN
PATNI
1940.15
282.60
1955-1965
288-290
1925
278
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GOOD FOR DELIVERY
Fortis Healthcare
Axis Bank
Fortis Healthcare (India) Ltd. announced the launch of
four hospitals as part of its plan to strengthen its
presence across the country. This announcement fulfills
the ‘10 in 10’ commitment made by the Company on its
10th Anniversary in end-June, to announce 10 new
hospitals in 10 weeks. Fortis has now announced 10
launches in less than 10 weeks, taking its bed capacity to
10,270 beds. Besides setting up new hospitals in Cochin,
Bilaspur and Bangalore, Fortis Healthcare will manage
the Cardiac Care unit at HLG hospital in Asansol, West
Bengal.
Axis Bank, India’s third largest private Bank, announced its
tie up with Malayan Banking Berhad (Maybank), Malaysia,
for remitting money from Malaysia to beneficiary accounts
in India. Axis Bank has entered into an agreement with
Maybank for offering remittance facility to India, under
Maybank Money Express (MME) service.
Fortis marks its entry into Kerala with a 45 bed boutique
hospital in Cochin, which will offer quality healthcare for
women under the ‘Fortis La Femme’ brand. As part of the
hub and spoke model, a multi-specialty hospital in
Bilaspur, acting as a spoke to the Mohali hub, will cater
to the Kullu-Manali-Mandi belt by FY 2012. Expanding its
reach in West Bengal, Fortis will operate and manage a
50-bed Cardiac Care unit at multi-specialty HLG hospital
in Asansol.
The Group also strengthens its presence in the South
with a world-class tertiary care hospital in Bengaluru,
strategically located near the Marathalli Junction, which
will commence operations by 2013. This follows the
recent announcement to operate a 100-bed boutique
hospital for women in the state.
The service offers straight through remittance facility for
sending money to the intended beneficiaries, holding an
account with Axis Bank or any of the 78000 NEFT enabled
branches of over 100 other banks in India. Speaking on the
occasion, P. Mukherjee, President & Head – Treasury &
International Banking at Axis Bank said, “Axis Bank’s tie-up
with Maybank to offer instant remittances will help Indians
living in Malaysia remit money to beneficiaries in India in a
quick, seamless and economical manner.”
Axis Bank offers inward remittance facility to India through
tie-up with various banks, exchange houses, money
transfer operators as well as through wire transfer and its
online money transfer platform, ‘AxisRemit Online’.
‘AxisRemit Online’ was launched earlier to allow remitters
the convenience of remitting money to any account in
India and tracking the remittance status on-line, without
visiting any branch location. Axis Remit Online is offered
for remittances from over 8 countries/regions including the
Gulf, USA, Europe, UK, Asia, Australia and Canada. Axis
Remit Online is customer friendly as it offers the best
exchange rates to its customers. Accumulate
Speaking on the occasion, Aditya Vij, Chief Executive
Officer, Fortis Healthcare (India) Ltd. said, “These new
hospitals across the country conform to our plan for
strengthening the Fortis network in India. With this
announcement, we have met the “10 hospitals in 10
weeks” commitment made on our tenth anniversary.
Locations and operational models have been carefully
selected to increase access to quality healthcare, while
maintaining affordability, for local communities. We
continue to strengthen our presence in bigger cities,
while penetrating smaller towns, helping to address the
enormous need for quality healthcare in India.”
Accumulate
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Institutional Fund Management
FII Investments Monthly Trends
Month
Aug-2011
Jul-2011
Jun-2011
May-2011
Apr-2011
Mar-2011
Gross till date (2011)
Purchase ( Rs Crore )
Sale ( Rs Crore )
Investment ( Rs Crore)
46,696.30
54,077.70
55,405.20
52,010.30
54,174.40
53,019.30
58,015.30
46,047.60
50,833.30
58,624.60
46,961.10
46,121.80
-11,319.00
8,030.10
4,572.20
-6,614.40
7,213.30
6,897.80
367188.40
361668.50
+5520.50
10,000.00
5,000.00
0.00
MF
March
April
May
June
July
FII
Aug
-5,000.00
-10,000.00
-15,000.00
Mutual Fund Investment Monthly Trends
Month
Purchase ( Rs Crore )
Sale ( Rs Crore )
Investment ( Rs Crore)
Aug-2011
Jul-2011
Jun-2011
May-2011
Apr-2011
Mar-2011
12,088.60
11,610.40
9,953.90
12,049.30
9,172.00
9,334.90
9,830.80
10,930.10
8,756.40
11,584.10
9,757.20
9,392.50
2,258.00
680.10
1,197.80
464.80
-585.50
-57.80
Gross till date (2011)
76359.30
70519.20
+5839.20
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Following the MUTUAL FUNDS
UTI Opportunities-G
Latest NAV : 25.43 (26/08/11)
52-Week High: 29.78 (09/11/10)
Top Holdings: As on 31 Jul
Name of Holding
Top 5 Sectors
% Net Assets
ITC
Petronet LNG
Titan Ind
Cairn India
HDFC
52-Week Low: 24.96 (24/02/11)
3.93
6.05
5.08
4.49
4.15
Top 5 Sectors
% Net Assets
Financial
FMCG
Energy
Technology
Construction
16.98
15.88
14.85
7.05
6.95
Top 3 Holding Company Details
ITC
Other Funds That Own ITC
LTP: 201.95
PB Ratio: 8.99
PE Ratio: 29.52
Year to Date Return(%): 15.73
Petronet LNG
Fund name
Reliance Long Term
Sundaram Select Small
Tata Capital Builder
DSPBR Micro Cap Reg
% Net Asset
Date
6.82
6.30
6.04
5.97
Jul 31, 2011
Jul 31, 2011
Jul 31, 2011
Jul 31, 2011
Other Funds That Own Petronet LNG
LTP: 171.30
PB Ratio: 4.31
PE Ratio: 16.55
Year to Date Return(%): 37.09
Titan Ind
% Net Asset
Date
Sundaram Energy
Opportunities
Sundaram PSU
Opportunities
Fund name
8.72
Jul 30, 2011
8.36
Jul 31, 2011
UTI Wealth Builder Series II
Retail
6.10
Jul 31, 2011
Other Funds That Own Titan Ind
LTP: 205.75
PB Ratio: 14.75
PE Ratio:36.34
Year to Date Return(%) 14.26
Fund name
% Net Asset
Date
UTI India Lifestyle
UTI Opportunities
UTI Wealth Builder Series II
Retail
IDFC Classic Equity Plan A
7.71
5.08
4.59
Jul 31, 2011
Jul 31, 2011
Jul 31, 2011
4.11
Jul 31, 2011
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DERIVATIVES NOTES
Markets began the week on a positive note as the
main indices witnessed a sharp rally that saw the Nifty
gaining over 170 points. The Nifty Sept Fut closed 190.85pts
or 4.02% higher at 4939.6. The Nifty Sept Fut premium
expanded to 19.95pts as against a marginal discount of
0.2pts in the previous session.
Institutional Investment Trends
(in Crores) AUG 29, 2011
BUY
SELL
OIEoD
3170.79
2091.66
12268.70
INDEX OPTIONS
8061.82
8330.29
45275.15
STOCK FUTURES
1626.73
STOCK OPTIONS
205.93
INDEX FUTURES
The biggest gainers in the F&O segment were MLL,
IFCI, Rel Capital, Patel Eng and SRE Infra.
The biggest losers were ONGC, Jain Irrigation, Glaxo and
Tata Chemicals.
1265.51
26371.93
The most active stock fut contracts were of SBI, LT, ICICI
225.59
405.08
Bank, Infy and Axis Bank.
Put Call Ratio
Symbol
Expiry Date
Put
Call
Ratio
RPOWER
25-Oct-11
186000
10000
18.60
CENTURYTEX
29-Sep-11
8000
1000
8.00
CAIRN
25-Oct-11
7000
2000
3.50
NIFTY
27-Jun-13
70150
22150
3.17
NIFTY
31-Dec-15
1550
500
3.10
SIEMENS
29-Sep-11
5250
1750
3.00
NIFTY
28-Jun-12
2089650
901700
2.32
KOTAKBANK
29-Sep-11
8000
3500
2.29
DRREDDY
29-Sep-11
2250
1000
2.25
DABUR
29-Sep-11
8000
4000
2.00
NIFTY
30-Jun-16
650
350
1.86
NIFTY
27-Dec-12
1337600
732250
1.83
RCOM
25-Oct-11
188000
112000
1.68
SUNPHARMA
29-Sep-11
7500
4500
1.67
BANKNIFTY
29-Sep-11
163125
100775
1.62
NIFTY
24-Nov-11
218550
136050
1.61
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DIVIDEND & OTHER INFORMATION
Symbol
Company Name
Ex-Date
Purpose
SURYAPHARM Surya Pharmaceutical Ltd
27-Sep-11
Annual General Meeting And Dividend Re.0.15 Per Share
MCDHOLDING McDowell Holdings Limited
26-Sep-11
Annual General Meeting
TATAPOWER
Tata Power Company Limited
26-Sep-11
Face Value Split From Rs.10/- To Re.1/-
ALPSINDUS
Alps Industries Limited
26-Sep-11
Annual General Meeting
BSELINFRA
BSEL Infrastructure Realty
Limited
26-Sep-11
Annual General Meeting
WEIZFOREX
Weizmann Forex Limited
26-Sep-11
Dividend-Rs.2/- Per Share
WEIZMANIND Weizmann Limited
26-Sep-11
Dividend-Re.0.50 Per Share
SPMLINFRA
SPML Infra Limited
26-Sep-11
Annual General Meeting And Dividend Re.0.50 Per Share
KARMAENG
Karma Energy Limited
26-Sep-11
Dividend-Re.0.50 Per Share
JINDALSAW
Jindal Saw Limited
26-Sep-11
Annual General Meeting And Dividend Re.1/- Per Share
PRAKASH
Prakash Industries Limited
23-Sep-11
Dividend Re 1 Per Share
PDPL
Parenteral Drugs (India)
Limited
23-Sep-11
Annual General Meeting
FACT
Fertilizers and Chemicals
Travancore Limited
23-Sep-11
Annual General Meeting
SURYAPHARM Surya Pharmaceutical Ltd
27-Sep-11
Annual General Meeting And Dividend Re.0.15 Per Share
DISCLAIMER
This material is for your private information, and we are not soliciting any action based upon it. Transactions involving stocks and derivatives give
rise to substantial risk and are not suitable for all investors. The material is based upon information that we consider reliable, but we do not
represent that it is accurate or complete, and it should not be relied upon as such. Opinions expressed are our current opinions as of the date
appearing on this material only.
101, Samarth Industrial Estate, P.N. Kotnis Road, Mahim (W), Mumbai - 400 016. INDIA.
Tel: 91-22-40280400 (50 Lines), Fax: 91-22-2446 0339. Email: info@ajcon.net
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