15 October 2012 MARKETS TODAY WORLD INDICES & INDIAN ADRs (US$) 12-Oct-12 Domestic equities are seen opening down today amid weak cues from Latest Points % Chg. overseas markets, though Sept inflation data, due at around 1100 IST, will NIKKEI 225 * 8535.7 1.6 0.0 lend more cues to investors. Also, corporate earnings release will keep action HANG SENG * 21099.3 (37.1) (0.2) stock-specific. Resistance is seen at 5692 levels & support is seen at 5649 DOWJONES 13328.9 2.5 0.0 NASDAQ 3044.1 (5.3) (0.2) levels. Result Watch: Axis Bank, Reliance Industries. Data Watch: India WPI SGX NIFTY FUT* 5677.0 (17.0) (0.3) inflation data for Sept. INFY 44.5 (3.7) (7.6) KEY OVERNIGHT DEVELOPMENTS HDFC BANK 37.5 (0.3) (0.7) Wall street ended down Fri, erasing intraday losses, as renewed Eurozone ICICI BANK 39.5 (0.6) (1.4) TATA MOTORS 25.6 (0.2) (0.6) concerns overshadowed strong Oct consumer confidence data. Most Asian WIPRO 8.6 (0.1) (1.0) indices fell today on cautious investor sentiment ahead of an European Union TATA COMM. 9.5 0.0 0.4 summit in Brussels, where Greece will seek to justify more aid and Spain will * At 08:20 a.m. IST on 15-Oct-12 hold out on seeking a bailout. Gold shed 0.7% to close at $1754.50 per ounce. Crude oil shed 0.2% to close at $91.90 per barrel. MUST KNOW…. India's annual inflation rate based on the new Consumer Price Index EQUITY 12-Oct-12 (Combined) eased to a six-month-low of 9.73% in Sept from 10.03% a Latest 1 Day P/E* P/B* SENSEX 18,675.2 0.2 16.0 2.7 month ago. NIFTY 5,676.1 0.4 16.1 2.7 Growth in India's industrial production rose to a 6 month high of 2.7% in CNXMIDCAP 7,921.5 1.4 14.6 1.5 Aug frm (-)0.2% a mnth ago. The industrial growth in Aug 2011 was at a 22- *Source: Bloomberg month low of 3.4%. Aug industrial growth is the highest since 4.3% in Feb. COMMODITIES An international consortium comprising Brazil's national oil company Latest Points % Chg. Petrobras and subsidiaries of Bharat Petroleum Corp Ltd and Videocon GOLD 1754.5 (12.9) (0.7) Industries Ltd has discovered more oil in an offshore block in Brazil's CRUDE OIL 91.9 (0.2) (0.2) offshore Sergipe-Alagoas Basin. FII ACTIVITIES IN DERIVATIVES 12-Oct-12 Deccan Chronicle Holdings Ltd said the board has approved the sale of its FII Net Buy (Rs. Open Ch. in Open Indian Premier League cricket franchise Deccan Chargers to Kamla Crs) Interest Int. (DOD) Landmarc Real Estate Pvt Ltd. The decision was taken at a board meeting, Index Futures (288.5) 15419.5 (2.9) but did not disclose the deal value. Index Options 919.9 50627.3 2.3 Stock Futures (279.8) 30630.1 (0.4) Cadila Healthcare Ltd's US subsidiary has received the US FDA's approval Stock Options (17.4) 2505.0 (3.5) for its generic clopidogrel bisulfate tablets in 75 mg strength. The drug has annual sales of over $6.5 bn, inclusive of other strengths. NET INFLOWS (Rs. Crs.) 11-Oct-12 NET MTD YTD Elecon Engineering Company Ltd has been awarded Order dated Oct 09, FII 987.6 9020.5 92800.2 2012 from TECPRO SYSTEMS LIMITED of Rs.7.19 Crores for Wagon Trippler MF (166.0) (1761.5) (14416.7) along with Side Arm Charger and Mandatory Spares for Harihar Project. *YTD From January till date EMA India Ltd has informed BSE that 39 workers of the Company's factory EXCHANGE RATE 12-Oct-12 have gone on illegal strike without any intimation or notice. Closing % Chg. Rs. / $ 52.7 (0.70) Persistent Systems Limited has informed the Exchange that "Persistent Rs. / EURO 68.1 (0.33) Systems Limited has signed a definitive agreement through its step-down Rs. / UK Sterling 84.5 (0.56) subsidiary in the United States to acquire 'rCloud', an innovative cloud platform business from Doyenz, Inc. G.SEC. YIELD 12-Oct-12 Rate Yield (%) Deccan Gold Mines Ltd said its wholly-owned subsidiary Deccan GS CG2022 8.15% 99.9 8.2 Exploration Services Pvt Ltd has received an exploration licence for gold in the Mangalagatti block in Karnataka's Dharwar district. Please refer to important disclosures at the end of the report For private Circulation Only. Sushil Financial Services Private Limited Member BSE1 : SEBI Regn.No. INB/F010982338 | NSE : SEBI Regn.No.INB/F230607435. Regd. Office : 12, Homji Street, Fort, Mumbai 400 001. Phone: +91 22 40936000 Fax: +91 22 22665758 Email : [email protected] Corporate Announcements & Financial Scoreboard Infosys Ltd has posted an audited net profit after exceptional item of Rs.23420 mn for Q2FY13 against Rs.18220 mn for Q2FY12. Total Income has increased from Rs.78530 mn for Q2FY12 to Rs.97570 mn for Q2FY13. The Group has posted an audited consolidated net profit of Rs.23690 mn for Q2FY13 against Rs.19060 mn for Q2FY12. Total Income has increased from Rs.84860 mn for Q2FY12 to Rs.105640 mn for Q2FY13. HDFC Bank Ltd has posted an unaudited net profit of Rs.15599.80 mn for Q2FY13 against Rs.11993.50 mn for Q2FY12. Total Income has increased from Rs.79293.80 mn for Q2FY12 to Rs.98697.70 mn for Q2FY13. TTK Prestige Ltd has posted an unaudited net profit of Rs.302.80 mn for Q2FY13 against Rs.337.10 mn for Q2FY12. Total Income has increased from Rs.3041.50 mn for Q2FY12 to Rs.3365.50 mn for Q2FY13. India's annual inflation rate based on the new Consumer Price Index (Combined) eased to a six-month-low of 9.73% in Sept from 10.03% a month ago, the Central Statistics Office said. The general index for CPI (Combined) in Sept rose 0.9% on month to 124.0. The inflation rate based on CPI (Urban) eased to 9.72% in Sept, compared with 10.19% a month ago, while CPI (Rural) declined to 9.79% from 9.90% in Aug, the statistics office said. The CSO introduced the CPI Combined, Urban and Rural from Jan 2011. The base year for the new CPI series is 2010. The Reserve Bank of India still uses Wholesale Price Index as the headline inflation rate because the new CPI does not have adequate data history. The central bank, which had cut policy rates by 50 basis points in Apr, has since stayed pat on rates citing inflationary concerns. The index for the urban segment rose 0.7% on month to 121.9 in Sept, while rural index rose 1.0% to 125.6. Within CPI (Combined), the inflation rate for food and beverages was 11.62% in Sept, while that of fuel and light and clothing, bedding and footwear were 7.29% and 10.32%, respectively. Growth in India's industrial production rose to a six-month high of 2.7% in Aug from (-)0.2% a month ago, primarily on account of a pick up in consumer goods and statistical impact of a low base, the Central Statistics Office said. The industrial growth in Aug 2011 was at a 22-month low of 3.4%. Aug industrial growth is the highest since 4.3% in Feb. The improvement in industrial growth in Aug, though marginal, is mainly on account of consumer goods segment, especially consumer non-durable goods. Consumer goods output rose 5.0% in Aug compared with 0.5% in Jul and 2.1% a year ago. Within consumer goods, non- durable and durable goods grew 5.8% and 4.0%, respectively. Capital goods contracted 1.7% in Aug, compared with a 4.5% contraction in Jul and 4.0% growth a year ago. Among sectors, manufacturing, which accounts for three-fourth of the total weight of industrial output, rose 2.9% in Aug, compared with 0.4% contraction in Jul, the CSO said. Electricity and mining sectors grew 1.9% and 2.0%, respectively, in Aug. Within use-based classification, basic goods grew 2.8%, and intermediate goods rose 1.9% during the month under review. In Apr-Aug, the first five months of 2012-13, industrial output grew 0.4% compared with 5.6% a year ago. The industrial performance has been lacklustre over the last one year, mainly on account of a slump in capital goods and mining. Industrial output grew an average 0.8% in the last 12 months, as capital goods and mining contracted 11.9% and 3.0%, respectively. The pick up in industrial growth in Aug is a bit surprising given that most indicators like manufacturing purchasing managers' index, passenger car sales and exports pointed to the weak momentum continuing. Manufacturing PMI in Aug eased to a nine-month low of 52.8, while passenger car sales fell 18.6% on year to 118,142 units on account of labour trouble at India's largest car manufacturer, Maruti Suzuki India Ltd. India's merchandise exports in Aug fell 9.7% on year, while non-oil imports declined 8.7%, suggesting poor overseas and 2 domestic demand. Though growth in the eight key core sectors had improved marginally in Aug to 2.1% from 1.0% a month before, it was still second lowest pace in seven months. The eight key core sectors account for nearly 38% of the total weight of the Index of Industrial Production.