Transcription

 
 MARKETS Asian Market is trading mixed as Hang Seng was down by 0.91% while Nikkei 225 was up by 0.37% and a CSI 300
was down by 0.87%. Chinese stocks retreated, tempering gains in Japan, Australia and South Korea, amid delays to a link
between Hong Kong and Shanghai, while Brent crude fell. U.K. equity-index futures climbed with the euro as the European
Central Bank said most lenders passed stress tests. Overnight U.S. markets were up by 0.76%.SGX Nifty at 9:00AM was
trading at 8052 with a gain of 32 points.
US FOMC rate decision on 29th Oct, important quarterly results, F&O clearing will determine market movements in India this
week. Every decline is a buying opportunity esp. in Banking and Financials, Auto on declining trends in Inflation and hopes of
rate cuts, besides pick up in economic activity in India. 25 European Banks have failed stress tests out of 125 meaning early
volatilities in Banking shares cannot be ruled out. SBI, Indian Bank, BOB, IDFC are good buys. Hind Unilever, Bharti Infratel are
imp results today besides others.
MARKET STATS AT 9:00AM
Domestic Indices
N-Ferrous Metals
Last Price
Sensex
26851.05
63.82
0.24
3.28
Copper($/MT)
6663.75
-26.25
-0.39
1.58
Nifty
8014.55
18.65
0.23
3.02
Aluminium($/MT)
1968.25
0.25
0.01
(0.19)
Global Indices
Last Price
CH
% CH
% CH
% CH 5D
% CH 5D
CH
% CH
% CH 5D
Zinc($/MT)
2255.50
-1.50
-0.07
1.83
Dow Jones
16805.41
127.51
0.76
2.59
Nickel($/MT)
14925.00
-85.00
-0.57
(2.90)
NASDAQ
4483.715
30.92
0.69
5.29
Lead($/MT)
1994.00
-1.50
-0.08
(1.09)
S&P 500
1964.58
13.76
0.71
4.12
Bullion & Crude Oil
Last Price
FTSE 100
6388.73
-30.42
(0.47)
1.24
Gold($/oz)
1231.33
0.43
0.03
(1.25)
CAC 40
4128.9
-28.78
(0.69)
2.37
Silver($/oz)
17.19
-0.02
-0.09
(1.42)
DAX
Last Price
CH
CH
8987.8
-59.51
(0.66)
1.55
NYMEX Crude Oil($/bbl)
81.11
15348.93
57.29
0.37
1.57
ADR/GDR
Last Price
Hang Seng
23090.8
-211.40
(0.91)
0.09
Infosys
62.18
Shanghai
2288.714
-13.57
(0.59)
(2.89)
ICICI B
54.51
0.06
0.11
4.51
CSI 300
2369.96
-20.75
(0.87)
(3.45)
Wipro
11.56
0.04
0.35
(3.26)
KOSPI
1932
6.31
0.33
0.10
Sterlite
#N/A Sec
#N/A Sec
#N/A Sec
#N/A Sec
Taiwan
8653.7
7.69
0.09
(0.11)
HDFCB
49.78
0.21
0.42
1.80
% CH 5D
Tata Mo
45.59
SGX Nifty
8052.5
32.50
0.41
3.82
Tata Com
#N/A N/A
Dow Jones
16734
-2.00
(0.01)
2.47
DR.Reddy
51.15
Currencies & Freight
Last Price
Last Price
CH
CH
% CH
% CH
CH
0.69
0.12
% CH 5D
Nikkei 225
Indices Future
0.10
% CH
% CH
1.12
(1.93)
% CH 5D
0.24
0.15
0.33
7.27
#N/A N/A
#N/A N/A
#N/A N/A
0.58
1.15
4.75
% CH 5D
MTNL
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
USD-INR X-RATE
61.28
-0.04
0.06
0.23
Patni
#N/A N/A
#N/A N/A
#N/A N/A
#N/A N/A
EUR-INR X-RATE
77.88
-0.28
0.36
(0.11)
SBI
84.5
0.30
0.36
2.86
INR-JPY X-RATE
1.77
0.00
0.00
(0.96)
RIL
31.03
0.18
0.58
2.48
BALTIC DRY INDEX
1192
37.00
3.20
26.2712
L&T
25.5
0.12
0.47
8.51
SOURCE: BLOOMBERG EQUITY MOVERS:
* Aditya Birla Nuvo unit signs MoU with MMI Holdings to enter health insurance sector
* Mahindra & Mahindra Financial 2Q profit 2.07b rupees vs 2.21b a yr ago; Est. 2.05b rupees
* Sesa Sterlite paid $82.75m to Asarco LLC to settle all claims; got RBI approval for remittance
* Wipro 2Q net income 20.8b rupees vs 19.3b a yr earlier; misses est. 21.1b rupees
* Tata Motors announces issue of $750m dual-tranche senior unsecured notes
* India clears 470b rupees of defense acquisition proposals
* CBI starts fresh probe against Jindal Steel officials
WHAT TO WATCH:
* 25 of 130 European lenders failed stress test led by the European Central Bank, which found the biggest capital hole in the
region’s banking system in Italy
* Foreign investors increased holdings of rupee debt by $106.6m to $46.6b on Oct. 21: Sebi data
* Investec Asset Management says it’s buying INR non- deliverable forwards for Asia’s highest carry-trade returns
* India invites bids from agencies to conduct apectrum auction
* Wal-Mart names Murali Lanka chief operations officer for India; plans to open 50 new wholesale centers in country
* India receives spot LNG cargo from Nigeria at Dahej terminal
* U.S., India may boost infrastructure spending: Caterpillar
* India ‘bull run’ sparks record asset-linked securities sales
* India considering Vietnam’s offer of oil fields: official
* India must lower Inflation, narrow fiscal gap: Subramanian
* India to hold Jammu & Kashmir, Jharkhand polls from Nov. 25
* DragonWave gets follow-on orders in India for Horizon Compact+
EARNINGS:
* Hindustan Unilever
- 2Q, Est. 9.93b rupees (32 analysts)
* Bharti Infratel
- 2Q, Est. 4.77b rupees (14)
* Kajaria Ceramics
- 2Q, Est. 398m rupees (7)
* State Bank of Mysore, Linde India, Texmaco Rail &
Engineering, Lakshmi Machine Works, Indiabulls Housing
Finance, Indiabulls Securities, Indiabulls Wholesale
Services.
CONFERENCES/EVENTS:
* 10am. New Delhi. Army Vice Chief Lt. Gen. Philip Campose to address International Seminar on Digitization of Battle Field
* 10am. New Delhi. Federal Communications Minister Ravi Shankar Prasad to address United Nations Centre for Trade
Facilitation and Electronic Business (UN/CEFACT) Forum
* 10am. New Delhi. Environment minister Prakash Javadekar will inaugurate National Workshop on “Scaling-Up Good
Practices
for Climate Change Adaptation”
* 10am. New Delhi. Australian Parliament delegation to call on Union Minister of Tribal Affairs Jual Oram
SOURCE: BLOOMBERG
Regards,
Soumyadip Raha
Disclaimer The investments discussed or recommended in this report may not be suitable for all investors. Investors should use this research as one input into formulating an
investment opinion. Additional inputs should include, but are not limited to, the review of other. This is not an offer (or solicitation of an offer) to buy/sell the
securities/instruments mentioned or an official confirmation. Microsec Capital Limited is not responsible for any error or inaccuracy or for any losses suffered on account
of information contained in this report. This report does not purport to be offer for purchase and sale of share/ units. We and our affiliates, officers, directors, and
employees, including persons involved in the preparation or issuance of this material may: (a) from time to time, have long or short positions in, and buy or sell the
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