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Market Brief - Daily I Equity I Debt I ForexI Bullion I
rd
23 Sept, 2011
Top Stories
• SBI doubles MTN programme size to $10 billion
• Maruti Suzuki begins trial runs for compact Dzire
• Reliance Industries to review oil strategy, may drill abroad with BP
• ONGC mulls bringing its Syrian oil to India
• L&T bags Rs 700 cr order from Omanese gas company
• NMDC buys 50% in Australia's Legacy Iron Ore for Rs 92 crore
• Oil India joins rush for energy assets, lines up Rs 4k crore for buys
• Indian Oil to raise borrowing limits by Rs 30,000 cr
• Tata Power may run Mundra plant at low capacity to trim losses
• United Tech to buy Goodrich for $16.5 bn
• Essar Power eyes distribution licence
• Suzlon plans to buy out REpower's minority shareholders in 4 months
• Tata Chemicals to set up Rs 300cr sorbent plant in US via JV
• Bajaj Auto eyes monthly sale of 4000 boxer bikes in state
• Aventis , Universal Medicare deal under I-T scanner
Equity Round up & Outlook Debt Round up & Outlook
• Markets tanked more than 4%, the biggest point fall on Nifty since • Bond yields plunged following the Federal Reserve's decision, keeping
October 2008, after the overnight FOMC statement signaled major the interest rates low has failed to encourage the market while
downside risk for the US economy along with the fears of weak Q2 traders are also waiting for the second-half borrowing calendar for
September 2011 corporate earnings further cue
• US market fell sharply after the Fed moved to lower interest rates on • 10-year 7.80% 2022 benchmark bond's yield marginally fell by 3bps to
consumer loans with a $400 bn debt-swap program and noted 8.30%
“significant downside risks” to the economic forecast
• Bond yields are likely to be range bound in absence of any major
• Markets are likely to witness a gap down opening, as all the major global cues & lack of weekly fresh supply while global meltdown and
Asian indices are trading deep into the negative terrain and follow depreciating rupee may weigh on sentiment
the route of its global peers
Forex Round up & Outlook Bullion Round up & Outlook
• INR declined by 2.5%, its lowest level seen in 3 years, due to weak • Gold prices declined in the domestic market following the US Federal
outlook on the US economy propelled the investors to opt for safer Reserve's decision to adopt the maturity extension plan. The Federal
currencies and government bonds Reserve's widely-anticipated move to boost US growth lifted the
dollar but adversely affected the global equities and hit the entire
• US dollar gained further against the euro and other major currencies
commodities complex
as a sharp extended retreat for US equities and weak data out of
both China and the euro zone spurred investors to dump risky assets • Crude oil moved lower, impacted by the disappointed US Federal
Reserve's latest program
I Equity I Debt I ForexI Bullion I
Indian Indices % Change Research
G-Sec YIELD MOVEMENT-YTM Team Global Forex
Last Close 1 Day MTD YTD Close Change % Change Close Change % Change
Sensex 16361 (4.1) (1.9) (20.2) 7.80% GS 2021 8.30 (0.03) -0.4 EUR/USD 1.35 0.0 0.7
Nifty
K.N.Rahaman
4924 (4.1) (1.5)
Deputy Research Head 2022
(19.7) 8.13% GS
Equities & Commodities
8.39 (0.02)
rahaman@way2wealth.com
GB/USD 1.54 (0.0) (0.1)
-0.2
BSE Mid Cap Jigisha Jaini (3.1)
6276 0.0 (19.6)
Sr. Research AnalystGS 2022
8.08% Capital Goods(0.02)
8.38 & Engineering 0.4 USD/JPY 76.3
jigishajaini@way2wealth.com (0.0) 0.1
BSE Small Cap 7122 (3.1) (0.1) (26.4) Dollar Index 78.2 (0.3) (0.3)
BSE Banking
Nisha Harchekar
10908 (4.0) 0.0
Sr. Research Analyst
(18.5)
FMCG, Hotels, Media nishaharchekar@way2wealth.com
Corporate Bond YIELD MOVEMENT-YTM
BSE Auto Sejal Jhunjhunwala
8556 (3.9) 1.9 Sr. Research Analyst
(16.4) Auto, Shipping & Metals % Change
Close Change sejal@way2wealth.com
Indian Forex
BSE Metal 11783 (4.34)
Abhishek Kothari (2.60) (33.04)
Research Analyst AAA Bond
1Y Banking & NBFC
9.46 0.02 0.2 Close Change
abhishekkothari@way2wealth.com % Change
BSE FMCG 3825 (2.77) (3.14) 3.84 USD/INR
Krishna Reddy 3 Y AAA Bond
Research Analyst 9.43 0.00 -0.1
Commodities, Economic Update 49.5
krishnareddy@way2wealth.com 1.2 2.5
5 Y AAA Bond 9.44 -0.01 -0.1 EUR/INR 66.4 0.5 0.7
Global Indices
Ritu Gupta % Change
Research Analyst Mutual Funds ritugupta@way2wealth.com
GBP/INR 76.2 0.6 0.8
1 Day
Last CloseAgarwal MTD YTD JPY/INR 64.9 1.6 2.5
Aditya MONEY
Sr. Derivative Analyst MARKET* Derivative Strategist & Technicals aditya@way2wealth.com
Dow Jones 10734 (3.5) (7.6) (7.3) Wgt. Avg. Rate Volume (Rs Cr)
Nasdaq Arun Kumar(3.3)
2456 (4.8) Technical Analyst
(7.4) Call
Technical Analysis - Commodities
8.25 16473.83
arunkumar@way2wealth.com
USDINR - Option Details
FTSE 5042 (4.7)
Yogesh Wadhwani (6.5) (14.5)
Technical Analyst
CBLO Technical Analysis 59302.30
8.21 Strike Volume
yogeshw@way2wealth.com OI
CAC 2782 (5.3) (14.6) (26.9) Market Repo 8.22 15716.37 Call
Nikkei* Jay Thakkar (2.1)
8560 (4.4) Technical Analyst
(16.3) Technicals & Derivative Strategist jaythakkar@way2wealth.com
49.00 1,030.65 90,167
* Source CCIL.
Hangseng* Ashwini Manwatkar
17578 (1.9) (14.4) Research Associate
(23.7) Equities 48.75 541.70
ashwinimanwatkar@way2wealth.com 24,839
* As of 8.15 AM LAF WINDOW 48.25 541.70 1,58,694
Amt
Contact No. 022-61462900 Net Bid Accepted Put
Institutional Activity Reverse Repo 48.00 1,219.93 1,96,323
Rs cr Purch Sales Net 500 1
@7.25% 48.25 877.75 84,560
FII: 2012.00 1727.30 284.70 Repo@8.25% 42,190Disclaimer 13 49.00 874.21 58,534
Cash Net R Repo ( Amt) -41,690
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The contents of this material are general and are neither comprehensive nor appropriate for every individual and are solely ECONOMIC DATA FOR THE DAY of the readers. This m
3390.62 5203.78 (1813.16) * Source RBI
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Mutual Funds making an investment decisions or acting on any information contained in this material. All investments involve risk and past performance does not guarantee future results. Inv
654.80 438.80 216.10 CD RATE Int Jobless Claim US 420k 428k
Way2wealth Brokers (P) Limited (herein after called
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INSTITUTIONAL ACTIVITY Rs/Cr 9.1 (0.03) -0.3
express or implied, including, but not limited to warranties of suitability, fitness for a particular purpose, accuracy, timeliness, completeness or non-infringement. In no event shall
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Bullion CP RATE
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Crude Oil R 4018.0 (191.0) (4.5) Way2wealth Brokers Pvt Ltd 9 9 9 9 9 9 9 9 9 9 9
rd
3 Floor, Tower B, Hincon House, 247 Park, LBS Road Vikroli (W), Mumbai – 400083, Tel: +91 22 61462900
Email: research@way2wealth.com, Website: www.way2wealth.com
I Equity I Debt I ForexI Bullion I
Research Team
K.N.Rahaman Deputy Research Head Equities & Commodities rahaman@way2wealth.com
Jigisha Jaini Sr. Research Analyst Capital Goods & Engineering jigishajaini@way2wealth.com
Nisha Harchekar Sr. Research Analyst FMCG, Hotels, Media nishaharchekar@way2wealth.com
Sejal Jhunjhunwala Sr. Research Analyst Auto, Shipping & Metals sejal@way2wealth.com
Abhishek Kothari Research Analyst Banking & NBFC abhishekkothari@way2wealth.com
Krishna Reddy Research Analyst Commodities, Economic Update krishnareddy@way2wealth.com
Ritu Gupta Research Analyst Mutual Funds ritugupta@way2wealth.com
Aditya Agarwal Sr. Derivative Analyst Derivative Strategist & Technicals aditya@way2wealth.com
Arun Kumar Technical Analyst Technical Analysis - Commodities arunkumar@way2wealth.com
Yogesh Wadhwani Technical Analyst Technical Analysis yogeshw@way2wealth.com
Jay Thakkar Technical Analyst Technicals & Derivative Strategist jaythakkar@way2wealth.com
Ashwini Manwatkar Research Associate Equities ashwinimanwatkar@way2wealth.com
Contact No. 022-61462900
Disclaimer
The contents of this material are general and are neither comprehensive nor appropriate for every individual and are solely for the informational purposes of the readers. This m
not take into account the specific investment objectives, financial situation or needs of an individual/s or a Corporate/s or any entity/s. A qualified professional should be consul
making an investment decisions or acting on any information contained in this material. All investments involve risk and past performance does not guarantee future results. Inv
before you invest. You are strongly cautioned to verify any information before using it for any personal or business purpose. Way2wealth Brokers (P) Limited (herein after called
Way2Wealth) does not guarantee the accuracy, quality or completeness of any information. Much of the information is relevant only in India. Way2wealth makes no warranties
express or implied, including, but not limited to warranties of suitability, fitness for a particular purpose, accuracy, timeliness, completeness or non-infringement. In no event sh
Way2Wealth be liable for any damages of any kind, including, but not limited to, indirect, special, incidental, consequential, punitive, lost profits, or lost opportunity, whether or
Way2Wealth has advised of the possibility of such damages. This material contains statements that are forward-looking; such statements are based upon the current beliefs and
expectations and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These uncertainties include b
limited to: the risk of adverse movements or volatility in the securities markets or in interest or foreign exchange rates or indices; adverse impact from an economic slowdown;
domestic or foreign securities and trading conditions or markets; increased competition; unfavorable political and diplomatic developments; change in the governmental or regu
policies; failure of a corporate event and such others. This is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any
trading strategy. No part of this material may be copied or duplicated in any form by any means or redistributed without the written consent of Way2Wealth. In no event shall a
publish, retransmit, redistribute or otherwise reproduce any information provided by Way2Wealth in any format to anyone. Way2Wealth and its affiliates, officers, directors an
including persons involved in the preparation or issuance of this report may from time to time have interest in securities thereof, of companies mentioned herein
Way2wealth Brokers Pvt Ltd
rd
3 Floor, Tower B, Hincon House, 247 Park, LBS Road Vikroli (W), Mumbai – 400083, Tel: +91 22 61462900
Email: research@way2wealth.com, Website: www.way2wealth.com
