11 October 2012

External Trade - High imports spike trade deficit:: Edelweiss


In September, trade deficit widened to ~USD18bn, much higher than its normal range (~USD14-15bn), largely on account of jump in imports (both oil and non-oil). The rise, especially in oil imports, is a concern, although (as of now) it is just a one month phenomenon, and hence data in coming months needs to be monitored carefully. As regards exports, September data and future outlook are weak given the frail external environment. In our view, the current spike is not sustainable and hence trade data will revert to its normal trend in the coming months as there has been no significant uptick in oil demand or prices in recent months.


External Trade - High imports spike trade deficit



Regards,

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NSE, Bulk deals, 11/10/2012

DateSymbolSecurity NameClient NameBuy / SellQuantity TradedWght. Avg. 
Price		Remarks
11-Oct-2012CRESTANICrest Animation Studios LSHAH NIRAJ RAJNIKANTBUY4,55,86826.99-
11-Oct-2012CRESTANICrest Animation Studios LSHAH NIRAJ RAJNIKANTSELL1,17,33828.50-
11-Oct-2012FSLFirstsource Solutions LimTRANSGLOBAL SECURITIES LTD.BUY29,35,43612.57-
11-Oct-2012FSLFirstsource Solutions LimTRANSGLOBAL SECURITIES LTD.SELL29,35,43612.57-
11-Oct-2012PRADIPPradip Overseas LtdBLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITEDBUY8,45,012107.08-
11-Oct-2012PRADIPPradip Overseas LtdBLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITEDSELL8,17,402106.42-
11-Oct-2012PRADIPPradip Overseas LtdRONAK SATISHKUMAR SHAHBUY3,45,773104.21-
11-Oct-2012PRADIPPradip Overseas LtdRONAK SATISHKUMAR SHAHSELL3,45,773107.19-
11-Oct-2012PRAKASHCONPrakash Constrowell LtdPERSISTENT COMMODITIES TRADLINK PRIVATE LIMITEDBUY1,21,232142.00-
11-Oct-2012RAJOILRaj Oil Mills LimitedBLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITEDBUY9,09,7285.82-
11-Oct-2012RAJOILRaj Oil Mills LimitedBLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITEDSELL12,32,5735.66-
11-Oct-2012RAJOILRaj Oil Mills LimitedHI-GROWTH CORPORATE SERVICES PVT. LTD.BUY4,32,0005.65-
11-Oct-2012RAJOILRaj Oil Mills LimitedHI-GROWTH CORPORATE SERVICES PVT. LTD.SELL3,93,2715.71-
11-Oct-2012RAJOILRaj Oil Mills LimitedRONAK SATISHKUMAR SHAHBUY10,22,5085.76-
11-Oct-2012RAJOILRaj Oil Mills LimitedRONAK SATISHKUMAR SHAHSELL10,22,5085.50-
11-Oct-2012UBHOLDINGSUnited Breweries (HoldingPLATINUM INVESTMENT MANAGEMENT LTD A/C PLATINUM ASIA FUNDSELL4,18,076131.95-
11-Oct-2012UBHOLDINGSUnited Breweries (HoldingPLATINUM INVESTMENT MANAGEMENT LTD A/CPLATINUM INTERNATIONALSELL5,78,572131.95-
11-Oct-2012VSTINDVST Industries Ltd.ITC LIMITEDSELL2,25,0001749.54-
11-Oct-2012VSTINDVST Industries Ltd.SBI MUTUAL FUNDBUY1,51,9641740.00-

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BSE, Bulk deals, 11/10/2012

Deal DateScrip CodeScrip NameClient NameDeal Type *QuantityPrice **
11/10/2012531519Ankush FinstockVARMA RAMKUMARB33,54514
11/10/2012531519Ankush FinstockAARP ORGANISORS PRIVATE LIMITEDS50,00014.08
11/10/2012531467Arnav CorpAJAY RAVINDRA SHAHB40,10012.6
11/10/2012531467Arnav CorpBIMALADEVI KAMALKANT PARASRAMPURIAS40,00012.6
11/10/2012531568Ashutosh PaperZOOM BUILDING MATERIALS & PRODUCTS P LTDS33,43468.63
11/10/2012531192Associated FinPANAFIC INDUSTRIALS LTDB27,70036.25
11/10/2012533469Birla Pacific MedspaPARAMHANS SECURITIES PRIVATE LIMITEDB600,0002.63
11/10/2012530191Chromatic IndiaQuadeye Securities Pvt LtdS514,91293.43
11/10/2012530191Chromatic IndiaQuadeye Securities Pvt LtdB514,91293.53
11/10/2012526785Crest AnimationNIRAJ RAJNIKANT SHAHB503,92127.41
11/10/2012531270Dazzel ConfVIRAL KAUSHIK SHAHS858,000.58
11/10/2012531171Devika ProtVEEPUL KISHORE GOHILLS100,0007.67
11/10/2012531171Devika ProtAMIT KRISHNAKANT THAKKERB100,0007.67
11/10/2012531820Finalysis CredPANKAJ JAYANTILAL DAVEB59,89456.6
11/10/2012531820Finalysis CredSANTOSH AGARWALS60,00056.6
11/10/2012531137Gemstone InvestDILIPKUMAR PUKHRAJ JAINS488,28718.45
11/10/2012531137Gemstone InvestARCADIA SHARE & STOCK BROKERS PVT. LTDB835,00018.49
11/10/2012590003Karur Vysya BankFRANKLIN INDIA FLEXI CAP FUNDB597,371426
11/10/2012590003Karur Vysya BankLOTUS GLOBAL INVESTMENTS LIMITEDS800,000426.01
11/10/2012530955MINDVISCAPAMIT BHANWARLAL JAJOOS89,1224.43
11/10/2012590074Ortin Lab-$D RAMAVATHIS25,00025.31
11/10/2012590074Ortin Lab-$BABITA DEVI SHARMAB38,00025.25
11/10/2012533605Prakash ConstrowellPERSISTENT COMMODITIES TRADLINK PRIVATE LIMITEDB120,972142
11/10/2012507508Riga Sugar-$SIDDHIVINAYAK VINCOM PVT.LTDS100,00020
11/10/2012507508Riga Sugar-$BALDEEP SINGHB100,00020
11/10/2012530867Suryanagri FinOVERALL VINIMAY PRIVATE LIMITEDB20,00042.25
11/10/2012530867Suryanagri FinMAHIMA COMMERCIAL CO. PVT. LTD.B25,00042.25
11/10/2012530867Suryanagri FinAMBALA TRAFIN PVT LTDB25,00042.25
11/10/2012530867Suryanagri FinCASTLE FINCON PRIVATE LIMITEDB20,00042.25
11/10/2012530867Suryanagri FinJIGNESH PRAVINBHAI SHAHS100,00042.25
11/10/2012530867Suryanagri FinSHASHIBEN BISHAMBHARDAYAL GUPTAS50,00042.25
11/10/2012519483Tai Inds-$JAI PITRESHWAR VYAPAAR PRIVATE LIMITEDB30,0009.36
11/10/2012526139Transgene BioBLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITEDS406,89510.43
11/10/2012526139Transgene BioBLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITEDB406,89510.38
11/10/2012532311Tutis Tech-$HARSHA MUNDHRAB100,0007.73
11/10/2012532311Tutis Tech-$SANTOSH LALMANI JAISWARS85,0007.72
11/10/2012532338Valuemart InfoMAMTA DEVI DUGARS400,0003.85
11/10/2012531025Visagar Fin SerMINAXI PRAFUL SATRAB150,01026.18
11/10/2012526441Vision CinemasSRINIVAS KARROTHIS306,0719.96
11/10/2012526441Vision CinemasSRINIVAS KARROTHIB350,0009.93

* B - Buy, S - Sell 
** = Weighted Average  Trade Price 
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Banking - Indian Financials: Tide is turning; positive on SOE banks; sector update :: Edelweiss, PDF link


Tide is turning  as GOI gets in action mode: Flurry of reforms announced, promise of more to come
Macro  bottoming out: GDP set to recover – 6.5% in FY14 (with upside risk to 7%), fiscal slippages to be capped at ~5.5% by FY13E
Interest rates – only direction is down: RBI response to match GOI steps on fiscal management 

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Macro & Markets - Markets buoyant on policy actions:: Edelweiss, PDF link


Market sentiments have been buoyant—India gained ~8% in September—on back of positive developments on both domestic as well as global front. Slew of politically sensitive decisions undertaken by government send out favourable signals to investors and businesses and the central banks also in response has toned down its hawkishness. If this policy momentum continues, it can break the vicious cycle of the economy and pave the way for a cyclical uptick. Meanwhile, the forthcoming earnings season is likely to be tepid, with earnings and revenue growth slowing. However, pace of downgrades is slackening and breadth of earnings is improving.


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Auto Compass - September: A dull month:: Edel

UVs and LCVs were the brighter spots in an otherwise lackluster September. Retail sales remained weak and OEMs did not look aggressive enough for half yearly sales push. Two-wheeler sales disappointed in a big way thanks to Hero Motocorp (HMCL). All major car makers except Maruti (MSIL) saw a decline ahead of the festive season due to overall weak sentiment. Weakness in MHCV (GC) continued whereas LCV (GC) remained healthy. Inventory levels for two wheelers and MHCV were up due to weak sales. However, inventory levels declined for cars. SIAM, in its periodic review, cut the industry growth rates across segments.
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Oct 11: Morning News (click on link to read article) : IFCI Financial Services Limited


Morning News (click on link to read article)
Economic Times

Business Standard
Ø  S&P cuts Spain rating to lowest investment grade
Ø  With high fiscal deficit, chance of downgrade persists: S&P
Ø  RBI relaxes norms for opening subsidiaries by foreign NBFCs
Ø  GDP to rise by 6.5% if India is self-sufficient in oil: PwC
Ø  Auto sector growth staggers: SIAM
Ø  Maran releases pledged shares in Spicejet, Sun TV

Ø  FIIs net buy Rs 408cr, DIIs net sell Rs 396cr
Ø  Net direct tax collections rise 16% in April-Sept
Ø  Total market turnover on Oct 10 at Rs 1.5 lakh crore
Ø  Recession eroded $12 trillion of household wealth: study
Ø  Future Group looking at options to bring partners
Ø  Minority shareholders get teeth in Companies Bill
Business Line

Mint
Ø  FinMin, RBI all set to open ECB window for affordable housing
Ø  Import duty hike on white sugar likely
Ø  GVK gets nod for coal rail terminal in Australia
Ø  Steel demand grew 6.6% in Apr-Aug, trend to continue: SAIL
Ø  L&T Finance acquires Indo Pacific Housing for Rs 110 cr
Ø  Van Gogh sells Shriram City Union Fin scrips worth Rs 190 cr

Ø  Environment ministry to oppose national investment board
Ø  Tata Steel Europe to get Mozambique ore supplies by Oct-end
Ø  India IT spending to reach $71.5 bn in 2013, says Gartner
Ø  Govt looking to fast-track new bank licences
Ø  IndusInd Q2 net up by 30%
Ø  DCHL gets until Friday for Deccan Chargers bank guarantee
Financial Express

Financial Chronicle
Ø  S&P cuts SBI rating on quality concerns
Ø  India expands more than China: HSBC
Ø  Germany may block EADS-BAE merger
Ø  US sues Wells Fargo for mortgage fraud
Ø  Kingfisher Air asks staff to resume ops
Ø  MCX-SX does not use monolithic system architecture

Ø  Early stage venture funds pip bigger PEs in India
Ø  India becoming more important on G20 stage: Bernanke
Ø  Auto sales skid in Sept; post sharpest fall in 4 yrs
Ø  IIP may expand by less than two per cent in FY13: Assocham
Ø  Mukesh Ambani richest Indian with wealth of $19.3b
Ø  Indian IT spend to grow 7.7% to $72b in 2013, says Gartner
(Click on link to view article)
Thanks and Regards
IFIN: IFCI Financial Services Limited

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