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DAILY UPDATE August 04, 2011

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DAILY UPDATE August 04, 2011 DAILY UPDATE August 04, 2011 wws BSE NSE Open 17970.2 Open 5402.0 High 18005.8 High 5422.6 Low 17859.5 Low 5378.9 Close 17940.6 Close 5404.8 Change ‐169.34 Change ‐51.75 Volume (Lacs) 2246 Volume(Lacs) 5772 Turnover Turnover (Rs. Cr) 2577 (Rs.Cr) 10601 World Markets 3‐Aug 2‐Aug Pt. Chg Var(%) MARKET PREVIEW Dow 11896 11867 29.8 0.25% US: U.S. stocks advanced, preventing the longest Dow Jones Industrial Dow Futures 11846 11818 28.0 0.24% Average slump since 1978, amid speculation the Federal Reserve may Nasdaq 2693 2669 23.8 0.89% consider another economic stimulus program to prevent a recession. FTSE 5585 5718 ‐133.9 ‐2.34% Asia: Most Asian stocks gained after Japan intervened in the foreign‐ Nikkei 9724 9637 87.1 0.90% exchange market to sell yen. Stocks earlier fell amid concern the U.S. Hang Seng 21996 21993 3.3 0.01% economic recovery is faltering following weak economic data. SGX CNX Nifty 5407 5430 ‐22.5 ‐0.41% India: Hours after the US averted a default, large European countries Straits Singapore 3127 3130 ‐3.6 ‐0.12% South Korea 2061 2066 ‐4.9 ‐0.24% found themselves in danger zone. Even as global investors grappled with Taiwan 8420 8457 ‐37.2 ‐0.44% the possibility of a US slowdown ‐‐ a phenomenon that will adversely Brasil Bovespa 56017 57311 ‐1293.6 ‐2.26% impact stocks across markets ‐‐banks and institutions dumped Euro sovereign bonds amid growing fears that Spain and Italy were being Commodity Prices 3‐Aug 2‐Aug Chg. Var(%) pushed towards a default like situation. Mirroring the weak Asian Copper ($/MT) 9535 9680 ‐145.0 ‐1.5% Alumin ($/MT) 2525 2583 ‐58.0 ‐2.2% markets, Indian stocks, too, extended their retreat on Zinc ($/MT) 2377 2440 ‐63.0 ‐2.6% Wednesday. Investors are anxious that the possible turbulence in US Brent Crude ($/bbl) 113.3 113.2 0.02 0.02% financial markets, in case of credit downgrades by rating agencies, Gold ($/Ounce) 1663 1667 ‐3.2 ‐0.2% coupled with spending cuts by the government, could push US into a Silver ($/Ounce) 41.80 41.78 0.02 0.05% recession again. Light Crude ($/bbl) 92.1 91.9 0.12 0.1% The Indian government's proposal to increase rural spending has also N G ($/mmbtu) 4.10 4.09 0.005 0.1% not gone down well with investors on fears this step would negate the Sugar ($/MT) 725 752 ‐27.7 ‐3.7% RBI's efforts to clamp down inflation through monetary policy Rubber (Rs./kg) 209 207 2.0 1.0% tightening. Market may see some bounce back in today’s trade Baltic Dry Index 1260 1253 7.0 0.6% however any bounce back should be used as profit booking FII All Activity ‐ SEBI (Rs Cr) Buy Sell Net opportunity. 28‐Jul‐11 2797 2689 109 Economy: Service industries expanded in July at the slowest pace in 17 29‐Jul‐11 4121 3704 417 months as orders and employment cooled, indicating the biggest part of 1‐Aug‐11 2766 3385 (619) 2‐Aug‐11 1849 1692 157 the U.S. economy had little spark to begin the second half of the year. 3‐Aug‐11 1866 1949 (83) The Institute for Supply Management’s index of non‐ manufacturing Month to date‐August 6481 7025 (545) businesses, which covers about 90 percent of the economy, dropped to FII (Prov.) (RsCr) Buy Sell Net 52.7 from 53.3 in June. 28‐Jul‐11 4126 4061 65 Japan followed Switzerland in intervening in the foreign‐exchange 29‐Jul‐11 2772 3236 (464) market in an effort to stem an appreciating exchange rate that 1‐Aug‐11 1861 1774 87 threatened to damage export competitiveness. After the intervention, 2‐Aug‐11 1854 2055 (202) the yen slid 1.6 percent to 78.31 as of 11:02 a.m. in Tokyo. 3‐Aug‐11 1915 2784 (870) Commodities: Gold traded near an all‐time high on speculation that the Month to date‐August 5629 6614 (985) U.S. Federal Reserve may provide additional stimulus amid signs that DII (Prov.) (Rs. Cr) Buy Sell Net the economic recovery is faltering, spurring demand for wealth 28‐Jul‐11 1878 1469 409 protection. 29‐Jul‐11 1565 1153 412 Currency: The yen weakened against all its major peers 1‐Aug‐11 956 1051 (95) after Japan intervened in the foreign‐exchange market for the first time 2‐Aug‐11 1231 1092 140 since March to stem gains in the currency that threaten the nation’s 3‐Aug‐11 1464 1042 422 economic recovery. Month to date‐August 3652 3185 467 DAILY UPDATE August 04, 2011 FII Derivative Transactions (Rs. In Cr) Contracts Purchase Sell Net Open Interest (OI) OI(Previous day) Change Contract Value Contract Value Value Contract Value Contract Value Contract Value Index Future 65866 1725 114931 3080 ‐1354 487142 13161 434501 11833 52641 1328 Index Option 342053 9218 335187 9061 157 1289757 34852 1248703 34066 41054 786 Stock Future 43085 1192 48945 1374 ‐183 1182046 31525 1172364 31293 9682 232 Stock Option 12382 358 12530 361 ‐3 13303 367 12473 340 830 27 Total 463386 12493 511593 13876 ‐1383 2972248 79904 2868041 77532 104207 2373 BSE Index Watch Last 1 day 1 wk 1 mth 1 yr CORPORATE SENSEX 17,941 ‐0.9% ‐2.7% ‐4.6% ‐1.5% Indian Overseas Bank to raise Rs 3500 crore for expansion MIDCAP 6,786 ‐0.3% ‐3.4% ‐2.6% ‐9.8% Indian Overseas Bank will be raising up to Rs 3,500 crs in core tier‐I SMLCAP 8,109 ‐0.7% ‐3.9% ‐2.6% ‐14.8% capital over the next three years to fund expansion. Tier 1 capital is the AUTO 8,653 ‐1.4% ‐1.4% ‐2.4% 2.2% core measure of a bank's financial strength from a regulator's point of BANKEX 12,163 ‐0.9% ‐3.2% ‐6.4% 2.2% view. "We will be needing roughly Rs 1,200 crore per annum for the Capital Goods 12,590 ‐2.7% ‐4.2% ‐9.1% ‐14.6% next three years given the expansion plans which we have drawn up," FMCG 4,050 0.3% 0.6% 0.3% 24.5% the Chennai‐headquartered bank's executive director Nupur Mitra told Health Care 6,401 ‐1.0% ‐0.8% ‐0.3% 14.0% reporters here. (ET) IT 5,740 ‐1.0% ‐2.9% ‐6.8% 1.8% METAL 13,628 0.3% ‐7.1% ‐10.3% ‐12.5% Everonn to invest Rs 150 cr in iSchool, ICT Oil & Gas 8,841 ‐0.4% ‐2.3% ‐2.9% ‐13.8% Everonn Education Ltd is planning to invest around Rs 150 crs during the Power 2,458 ‐0.1% ‐1.7% ‐6.8% ‐21.9% current fiscal. Besides, the company would also foray into foreign Realty 1,993 ‐0.7% ‐6.1% ‐7.6% ‐41.8% markets, including in Africa, during the year. Speaking on the sidelines of Market Breadth BSE NSE the company AGM at Chennai, P Kishore, managing director, Everonn Advance 1160 39% 519 34% Education Ltd, said the company would invest Rs 150 crore in iSchool Decline 1706 57% 933 62% and Instructional and Communication Technology (ICTs). (BS) Unchanged 111 4% 65 4% Radico Khaitan to firm up international liquor tie up this year Market Turnover 3‐Aug 2‐Aug Var (%) Radico Khaitan is in talks with 2‐3 international liquor companies to firm BSE Cash 2577 2452 5.1% up marketing ties by the year end. It expects this emerging international NSE Cash 10601 9568 10.8% brands portfolio to boost growth of its own premium brands in the NSE Futures 20897 20897 0.0% institutional segment. The New Delhi‐based company, which owns NSE Options 74903 74903 0.0% Total (Rs. Cr) 108979 107821 1.1% premium brands such as Magic Moments vodka, Morepheus brandy and Index PE ‐ TTM 3‐Aug Yr. High Yr. Low After Dark whisky, "Our premium brands contributed 35% to value Sensex 18.68 21.01 18.59 growth. We expect this to increase to 50% in 2‐3 years," Abhishek Khaitan, MD of Radico Khaitan said. (ET) Nifty 19.42 21.91 19.42 Support/ Lanco to invest Rs 13K cr to develop mine, 2K MW power plant Resistance Nifty Sensex Lanco Infratech will invest over Rs 13,000 crs in setting up a 2,000‐MW Support 5380 17790 power plant and developing a coal block, which it has won through 5330 17630 bidding from Maha Tamil Collieries, at Raigarh in Chhattishgarh. "We Resistance 5466 18080 have emerged as successful bidder and are selected as the Mine Volatility Index 3‐Aug 2‐Aug Developer and Operator (MDO) of Gare Pelma II coal block of Maha Volatility Index 19.48 19.15 Tamil Collieries. We will set up a 2,000 power project using coal from Top 5 Nifty Gainers 3‐Aug 2‐Aug Var(%) the mine," Lanco Chief Executive Officer (Business Development) SAIL 121 118 2.58% Nagaprasad Kandimalla told media. (ET) RELINFRA 561 547 2.56% USFDA inspects Divi's Lab Hyd unit SESAGOA 268 262 2.35% Divi’s Laboratories Limited said the US Food and Drug Administration BPCL 666 658 1.19% (USFDA) inspected its Unit‐1 at Lingojigudem village in Choutuppal ITC 207 205 1.03% mandal, near here in July. The inspection was for the pre‐approval of Top 5 Nifty Losers 3‐Aug 2‐Aug Var(%) LT 1659 1734 ‐4.34% product and general current good manufacturing practices.
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