Daily Report_22 Feb 2012

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Indices Performance

Index 22‐Feb‐12 Previous Close % Change#

Sensex 18,145 18,429 ‐1.54

Nifty 5,505 5,607 ‐1.82

CNX Midcap 7,677 7,981 ‐3.81

CNX 500 4,341 4,448 ‐2.40

BSE Smallcap 6,969 7,202 ‐3.24

Global Markets

Index 22‐Feb‐12 Previous Close % Change#

Dow Jones$ 12,966 12,950 0.12

Nasdaq$ 2,949 2,952 ‐0.11

S&P 500$ 1,362 1,361 0.07

FTSE& 5,908

5,919‐0.19

CAC& 3,452 3,448 0.13

Nifty Top 5 Gainers

Company 22‐Feb‐12 Previous Close % Change#

BPCL 624 614 1.57

TCS 1,252 1,237 1.24

SUNPHARMA 549 543 1.08

Daily Dossier

Financial Market & Economic Update

Equity Market Update

• According to the Chairman of PMEAC, domestic economy might

grow 7.1% in this fiscal (FY12) and 7.5%‐8% in the coming fiscal.

• SEBI has prescribed 'lot sizes' for shares being offered in IPO on the

SME exchange. It said that up to the price band of Rs.14, the lot size

will be 10,000 and for price band of over Rs.14 and below Rs.18, the

lot size would be 8,000 shares.

• Reserve money for the week ended February 17 stood at Rs.14,377

billion, 2.5% higher than last week.

• Fortnight money supply for week ended February 10 stood at

Rs.72,118.9 billion, 0.7% higher than last reported figure.

• BSE has launched India's first carbon efficient index on Wednesday.

According to the BSE, the index can be used to develop green

financial products including mutual funds, exchange‐traded funds

and structured products.

• Indian markets ended lower on Wednesday as investors booked

some profit after the recent sharp move.

• The NSE benchmark fell below the 5,500 level before closing down

101.80 points to 5,505.35. Meanwhile, the BSE

benchmark Sensex dropped 283.36 points to 18,145.25.

• High‐beta realty, consumer durable, metal and banking stocks paced

the declines, while IT stocks ended modestly higher.

• Selling pressure gathered momentum in blue‐chip led by Reliance

22 February 2012

.

INFY 2,952 2,938 0.48

Nifty Top

5 Losers

Company 22‐Feb‐12 Previous Close % Change#

RCOM 98 107 ‐8.71

SBIN 2,255 2,452 ‐8.05

DLF 238 258 ‐7.72

STER 120 128 ‐6.82

JPASSOCIAT 80 85 ‐5.77

Trading Turnover

Description 22‐Feb‐12 Change % Change#

NSE 18,502 2,623 16.52

BSE 3,853 315 8.90

Index Fut 24,699 5,413 28.07

Stock Fut 43,918 7,862 21.81

Index Opt 147,923 55,549 60.14

Stock Opt 7,873 2,109 36.58

F&O Total 224,413 70,933 46.22

Institutional Flows (Equity)

Description (INR Cr) Purchases Sales Net

FII Flows* 4,094 2,599 1495

MF Flows* 634 972 ‐338

* 21th

February 2012 , $ as on previous day,

&as at 1800 hrs

# % change is the change over the previous days close

Derivatives Market

• According to the Chairman of PMEAC, domestic economy might

grow 7.1% in this fiscal (FY12) and 7.5%‐8% in the coming fiscal.

• SEBI has prescribed 'lot sizes' for shares being offered in IPO on the

SME exchange. It said that up to the price band of Rs.14, the lot size

will be 10,000 and for price band of over Rs.14 and below Rs.18, the

lot size would be 8,000 shares.

• Reserve money for the week ended February 17 stood at Rs.14,377

billion, 2.5% higher than last week.

• Fortnight money supply for week ended February 10 stood at

Rs.72,118.9 billion, 0.7% higher than last reported figure.

• BSE has launched India's first carbon efficient index on Wednesday.

According to the BSE, the index can be used to develop green

financial products including mutual funds, exchange‐traded funds

and structured products.

• Indian markets ended lower on Wednesday as investors booked

some profit after the recent sharp move.

• The NSE benchmark fell below the 5,500 level before closing down

101.80 points to 5,505.35. Meanwhile, the BSE

benchmark Sensex dropped 283.36 points to 18,145.25.

• High‐beta realty, consumer durable, metal and banking stocks paced

the declines, while IT stocks ended modestly higher.

• Selling pressure gathered momentum in blue‐chip led by Reliance

Industries and banking stocks, which had gained significantly in last

few sessions.

• Volatility is expected as traders roll over positions in futures &options (F&O) segment from the near‐month February 2012 series to

March 2012 series. The near‐month February 2012 F&O contracts will

expire tomorrow.

• On the global front, Asian markets were mixed amid concerns over

Europe’s Greek aid deal and higher oil prices. Meanwhile, European

shares were trading lower on Wednesday on the back of less than

expected German’s PMI and jobs data, dampened investors’

sentiments.

• Nifty February 2012 futures were at 5,518.10, at a premium of

12.75 points over spot closing of 5,505.35. Nifty March 2012 futures

were at 5,561, at a premium of 55.65 points over spot closing.Turnover on NSE's futures & options (F&O) segment surged to

Rs.2,24,412.72 crore from Rs.1,53,479.46 crore on February 21.

• The put call ratio on Wednesday stood at 1.15 as against 1.22

recorded on last trading day.

• Cumulative FII positions as percentage of total gross market

position in the derivative segment as on February 21 is 32.92%.

• The Open interest on Nifty futures increased to 3,75,67,400 as

against 3,16,02,550 on last trading day.

• Near term market's volatility index‐India VIX, surged by 2.10% to

26.80 as against previous close of 26.25.

22 February 2012

Daily Dossier_ICRA Online Limited Page 1 of 3 22/02/2012



Policy Rates

Key Rates (%) 22‐Feb‐12 1 Week Ago 1 Month Ago

Reverse Repo 7.50 7.50 7.50

Repo 8.50 8.50 8.50

CRR 5.50 5.50 6.00

SLR 24.00 24.00 24.00

Bank Rate 9.50 9.50 6.00

Daily Rates

Key Rates (%) 22‐Feb‐12 Previous Close % Change#

NSE MIBOR 8.80 8.83 ‐0.34

CALL 8.76 8.79 ‐0.34

CBLO 8.47 8.45 0.24

OIS‐

1 Yr 8.11 8.08 0.37

OIS‐ 5 Yr 7.38 7.32 0.82

Liquidity Indicators

Description (INR Cr) 22‐Feb‐12 1 Week Ago 1 Month Ago

Govt Securities 11,440 13,838 2,429

Call Money 15,598 16,901 21,540

CBLO 45,615 41,270 31,958

Daily Dossier

Debt Market Update

Mutual Fund & Insurance Update

• Bond yields rose in the absence of a bond buyback announcement on

Tuesday. However, the bond buyback was announced on Wednesday,

post market hours. In addition, the possibility of an unscheduledauction next week also affected the market sentiments. As per the

scheduled auction calendar, RBI will not conduct dated securities

auction for the week ended March 2. Thereafter, Government is

scheduled to hold its last debt auction of the fiscal year worth

Rs.12,000 crore between March 5 and March 9.

• The yield on the 10‐year benchmark bond went up 5 bps and closed

at 8.22% after touching a high of 8.24%.

• On Wednesday, RBI conducted the auction of 91‐days and 364‐days

treasury bills worth Rs.13,000 crore and the cut‐off came 9.02% 8.51%

respectively. In 91‐days T‐bill, non‐competitive bids worth Rs.3,142

crore were accepted over and above the scheduled amount of

Rs.9,000 crore.

• United Bank of India has signed a distribution agreement (MOU)

with DSP Black Rock Investment Managers for distribution of various

Mutual Funds Schemes of DSP Black Rock.

• Taurus Mutual Fund has launched‐Taurus Fixed Maturity Plan ‐

Series N (91 Days), a close ended debt scheme with the duration of 91

days. The NFO opens for subscription on February 22 and will close on

22 February 2012

, , ,

Treasury Bills 647 1,169 376

Top 5 traded

G

‐Sec

Security Maturity % Closing Yield % Change#

08.79 GS 2021 08‐Nov‐21 8.22 0.59

09.15 GS 2024 14‐Nov‐24 8.32 0.43

08.28 GS 2027 21‐Sep‐27 8.52 0.18

07.83 GS 2018 11‐Apr‐18 8.29 0.30

08.26 GS 2027 02‐Aug‐27 8.46 ‐0.25

Commodity Market

Commodity (INR) 22‐Feb‐12 Gain+/Loss‐ % Change#

Gold (10 gm) 28,264 289.00 1.03

Silver (1 kg) 56,629 597.00 1.07

Crude Oil (1 barrel) 5,215 134.00 2.64

Aluminium (1 kg) 109 2.90 2.74

Copper (1 kg) 415 12.85 3.19

Currency Market

Currency 22‐Feb‐12 Gain+/Loss‐ % Change#

USD/INR 49.25 0.16 0.33

EURO/INR 65.16 ‐0.01 ‐0.01

GBP/INR 76.75 ‐1.05 ‐1.35

JPY/INR 0.62

0.00 0.02

# % change is the change over the previous days close

Currency Market Update

Commodity Market Update

• Bond yields rose in the absence of a bond buyback announcement on

Tuesday. However, the bond buyback was announced on Wednesday,

post market hours. In addition, the possibility of an unscheduledauction next week also affected the market sentiments. As per the

scheduled auction calendar, RBI will not conduct dated securities

auction for the week ended March 2. Thereafter, Government is

scheduled to hold its last debt auction of the fiscal year worth

Rs.12,000 crore between March 5 and March 9.

• The yield on the 10‐year benchmark bond went up 5 bps and closed

at 8.22% after touching a high of 8.24%.

• On Wednesday, RBI conducted the auction of 91‐days and 364‐days

treasury bills worth Rs.13,000 crore and the cut‐off came 9.02% 8.51%

respectively. In 91‐days T‐bill, non‐competitive bids worth Rs.3,142

crore were accepted over and above the scheduled amount of

Rs.9,000 crore.

• United Bank of India has signed a distribution agreement (MOU)

with DSP Black Rock Investment Managers for distribution of various

Mutual Funds Schemes of DSP Black Rock.

• Taurus Mutual Fund has launched‐Taurus Fixed Maturity Plan ‐

Series N (91 Days), a close ended debt scheme with the duration of 91

days. The NFO opens for subscription on February 22 and will close on

February 23.

• Religare Mutual Fund has unveiled‐Religare Fixed Maturity Plan–

Series XII–Plan F (14 Months), a close ended debt scheme. The NFO

opens for subscription on February 22 and will closes on February 29.

• IDBI Mutual Fund has launched‐IDBI Fixed Maturity Plan‐Series II‐

369 Days (February 2012)‐C, a close ended income scheme with the

duration of 369 days. The NFO opened for subscription on February

21 and will close on February 22.

• With a view to improve transparency in reinsurance contracts; IRDA

said that it is planning to introduce an electronic re‐insurance

platform for insurers.

• Spot gold prices retreated from its early gains owing to weakening of

euro and reached the level of $1,753.29 an ounce, witnessing a fall of

0.3% from the previous close.• Brent crude declined to $121.33 a barrel, after hitting its nine‐month

high, on the back of weak European and Chinese economic data which

triggered worries over the global growth stance and prospects for oil

demand.

• INR strengthened, aided by capital inflows into local equities and debt

which offset the dollar demand from local oil importers. It ended at

49.22/23 to the dollar, 0.2% stronger.

• Euro remained under pressure against dollar amidst concerns about

economic growth and implementation of the austerity measures as

agreed by Greece. The sentiment also got affected by the PMI datashowing contraction in euro zone services sector. It traded 0.1% down at

$1.3226.

22 February 2012

Daily Dossier_ICRA Online Limited Page 2 of 3 22/02/2012



Delhi

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Sector 11, Plot No. 61, 11th Floor,

CBD Belapur, 26th, Kasturba Gandhi Marg,

Navi Mumbai – 400614. New Delhi - 110 001.

India. India.

Phone: +91-22- 67816100 Phone: +91-11-23357940-50

Fax: +91-22-27563057 Fax: +91-11-23357014

Ko lk ata Chen nai

Convergence Contact Center, 626 Annasalai JVL Plaza,

D2/2, EP & GP Block, 2nd,5th & 6th Floor, 5th

Floor,

Sector V, Salt Lake City, Teynampet

Kolkata - 700 091. Chennai-600 018.

India. India.

Phone: +91-33-4017 0100, 4017 0400 Phone: +91-44-2432 1856

+ - - 7 + - -

Contact Information

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Ph: 022-67816100

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Note: Data

last

updated

at

1830

hrs

Daily Dossier ICRA Online Limited Page 3 of 3 22/02/2012

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Daily Report_22 Feb 2012