Thursday, July 30, 2009
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/7/2009 524412 AAREY DRUGS BHAVINI VIJAYKUMAR SHAH B 35000 49.43
30/7/2009 532981 ANU LABS ATULBHAI GORDHANBHAI VAJA B 640917 16.20
30/7/2009 532981 ANU LABS JOHNSON AFRAHIMBHAI TAILOR B 1066760 16.39
30/7/2009 532981 ANU LABS ATULBHAI GORDHANBHAI VAJA S 1126765 15.34
30/7/2009 532981 ANU LABS JOHNSON AFRAHIMBHAI TAILOR S 1066760 15.89
30/7/2009 530245 ARYAMA FIN S PARESH KUMAR BABULAL SHAH B 40000 10.00
30/7/2009 530245 ARYAMA FIN S BETEL TRADING AND COMMERCIAL PVT. LTD. S 40000 10.00
30/7/2009 512149 AVANCE TECHN AYODHYAPATI INVESTMENT PVT LTD B 39652 63.65
30/7/2009 512149 AVANCE TECHN DILIP RASIKLAL PAREKH S 29671 64.08
30/7/2009 532995 AVON CORP S V ENTERPRISES B 1093115 11.72
30/7/2009 532995 AVON CORP S V ENTERPRISES S 1093115 11.94
30/7/2009 512253 BIO GREEN I RIDHAM ARVIND SHAH B 41000 11.22
30/7/2009 512253 BIO GREEN I BATUL SHABBIR HUSSAIN S 50000 11.23
30/7/2009 590076 CAMSON BIO ANGEL INFIN PRIVATE LIMITED B 49572 60.06
30/7/2009 590076 CAMSON BIO Naman Securities & Finance Pvt. Ltd. B 50001 57.95
30/7/2009 590076 CAMSON BIO ANGEL INFIN PRIVATE LIMITED S 84554 59.25
30/7/2009 526315 DIVSHKTI LTD SURYAPRAKASH HEDA B 52500 24.31
30/7/2009 526315 DIVSHKTI LTD SHAH MEHTA HOLDING PVT LT S 52000 24.31
30/7/2009 533055 EDSERV SOFT BP FINTRADE PRIVATE LIMITED B 65094 53.64
30/7/2009 533055 EDSERV SOFT BP FINTRADE PRIVATE LIMITED S 76402 53.98
30/7/2009 531314 INTEGRA CAPI MEHERDAD KERMANI B 25000 10.14
30/7/2009 531314 INTEGRA CAPI DEEPINDER SINGH POONIAN S 24000 10.14
30/7/2009 530255 KAY POW PAP JOLLY GUPTA B 114286 7.01
30/7/2009 530255 KAY POW PAP BAMPSL SECURITIES LTD. B 175181 6.90
30/7/2009 530255 KAY POW PAP OMPARKASH GUPTA B 100007 7.39
30/7/2009 530255 KAY POW PAP SUNDER DASS AGARWAL B 137363 6.74
30/7/2009 530255 KAY POW PAP B.S.KHANDELWAL B 81060 6.37
30/7/2009 530255 KAY POW PAP JOLLY GUPTA S 128131 7.16
30/7/2009 530255 KAY POW PAP BAMPSL SECURITIES LTD. S 177949 6.92
30/7/2009 530255 KAY POW PAP KAILASH CHAND GUPTA S 114153 6.27
30/7/2009 530357 KBS CAP MANA KALAVATI SURESH KANAKIA B 25050 23.47
30/7/2009 531602 KOFF BR PICT BHARAT SHANTILAL THAKKAR B 300000 4.10
30/7/2009 531602 KOFF BR PICT JIGNESH HASMUKHLAL SHAH B 300000 3.87
30/7/2009 531602 KOFF BR PICT BIPINKUMAR RAMNIKLAL GANDHI B 408105 4.11
30/7/2009 531602 KOFF BR PICT BIPINKUMAR RAMNIKLAL GANDHI S 408105 4.02
30/7/2009 507759 LIME CHEM DUKE SPECIAL OPPORTUNITIES FUND LLC S 17500 4.21
30/7/2009 533080 MOLDTK PLA VIMLA JAJOO S 92959 31.93
30/7/2009 511702 PARSHART INV CHHOTELAL AYODHYAPRASAD KEVAT B 16799 9.90
30/7/2009 511702 PARSHART INV KRUNAL GOPALDAS RANA S 25000 9.87
30/7/2009 502448 ROLLATAINERS WLD INVESTMENTS P.LTD. S 100000 169.55
30/7/2009 500368 RUCHI SOYA DHANANJAY MONEY MANAGEMENT SERVICES B 1279878 59.53
30/7/2009 500368 RUCHI SOYA XITIJ INVESTMENTS B 1030000 60.00
30/7/2009 500368 RUCHI SOYA UBS SECURITIES ASIA LTD. A/C SWISS FIN. CORP. (MAU S 2500000 60.00
30/7/2009 500368 RUCHI SOYA EMERGING MARKETS MANAGEMENT. LLC A/C EMSAF MAURITIUS S 1675695 60.09
30/7/2009 530611 STURDY INDS SHAIL AGARWAL B 48602 33.78
30/7/2009 530611 STURDY INDS SHAIL AGARWAL S 48154 33.64
30/7/2009 519228 TEMPT.FOODS BIJCO HOLDING S 250000 32.50
30/7/2009 519228 TEMPT.FOODS ABN AMRO BANK NV S 200000 32.58
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-JUL-2009,ABAN,Aban Offshore Ltd.,C D INTEGRATED SERVICES LTD.,BUY,222997,1007.91,-
30-JUL-2009,BAJAJHIND,Bajaj Hindusthan Ltd,JUPITER ENTERPRISES LTD,BUY,940333,188.66,-
30-JUL-2009,EDSERV,Edserv Softsystems Limite,BP FINTRADE PRIVATE LIMITED,BUY,81443,54.07,-
30-JUL-2009,GTOFFSHORE,Great Offshore Limited,ABG SHIPYARD LTD,BUY,212348,450.00,-
30-JUL-2009,INDIABULLS,Indiabulls Financial Serv,CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED,BUY,4151131,190.00,-
30-JUL-2009,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,BUY,7228788,21.94,-
30-JUL-2009,WELGUJ,Welspun Gujarat Stahl Roh,PACIFIC CORPORATE SERVICES LTD,BUY,950000,235.24,-
30-JUL-2009,WELGUJ,Welspun Gujarat Stahl Roh,PACIFIC CORPORATE SERVICES LTD,BUY,1991113,233.19,-
30-JUL-2009,ABAN,Aban Offshore Ltd.,C D INTEGRATED SERVICES LTD.,SELL,222997,1008.57,-
30-JUL-2009,ABAN,Aban Offshore Ltd.,CITIGROUP GLOBAL MKTS MAURITIUS PVT LTD,SELL,192400,994.31,-
30-JUL-2009,ADLABSFILM,Adlabs Films Limited,CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SINGAP,SELL,253800,344.39,-
30-JUL-2009,APOLLOTYRE,Apollo Tyres Ltd.,COMPAGNIE FINANCIERE MICHELIN,SELL,7122416,40.00,-
30-JUL-2009,BAJAJHIND,Bajaj Hindusthan Ltd,CLSA (MAURITIUS) LIMITED,SELL,2890000,186.08,-
30-JUL-2009,BAJAJHIND,Bajaj Hindusthan Ltd,DEUTSCHE SECURITIES MAURITIUS LIMITED,SELL,2253500,189.07,-
30-JUL-2009,BAJAJHIND,Bajaj Hindusthan Ltd,JUPITER ENTERPRISES LTD,SELL,621082,190.67,-
30-JUL-2009,EDSERV,Edserv Softsystems Limite,BP FINTRADE PRIVATE LIMITED,SELL,103311,54.34,-
30-JUL-2009,GTOFFSHORE,Great Offshore Limited,ATNA INVESTMENTS LIMITED,SELL,220000,450.27,-
30-JUL-2009,HCC,Hindustan Construc Co.,MORGAN STANLEY MAURITIUS COMPANY LTD,SELL,2100000,114.68,-
30-JUL-2009,INDIABULLS,Indiabulls Financial Serv,ORIENT GLOBAL CINNAMON CAPITAL LIMITED,SELL,4190291,190.03,-
30-JUL-2009,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,SELL,7136424,21.94,-
30-JUL-2009,NIITTECH,NIIT Technologies Limited,BLACKSTONE ASIA ADVISORS LLC A/C THE ASIA TIGRES FUND INC,SELL,396551,98.65,-
30-JUL-2009,RUCHISOYA,Ruchi Soya Inds Ltd.,EMERGING MARKETS MANAGEMENT L.L.C. - A/C EMSAF - MAURITIUS,SELL,1600162,60.21,-
30-JUL-2009,VITLINFO,Vishal Information Techno,PRAVINA ROHITKUMAR MEHTA,SELL,975000,32.48,-
The domestic market rebounded sharply from initial losses to close near day’s high after exhibiting instability for throughout the trading session. Speculators contributed to upward movement as indulged in covering short positions on the last day of the expiry of the July contracts in derivatives. Firm trading in European markets along with recovery in Asian markets and higher US index futures also added to the positive sentiments. In addition, market gained ground during afternoon trade after initial slide, also on encouraging first-quarter earnings by State Bank of India. The bank reported 42.03% rise in its net profit in first quarter. Meanwhile, inflation for week ended July 18 it came in at -1.54% as compared to -1.17% for the previous week ended July 11, 2009. The BSE Sensex ended above 15,350 level and NSE Nifty closed above 4,550 mark.
Market opened on flat note on mixed global cues and suddenly turned volatile ahead of the F&O expiry today. Asian markets were lower in early trading and the US stocks markets ended with losses on Wednesday on the back of disappointing durable goods orders report for the month of June which was worse than expected followed by unsatisfactory auction of USD 39 billion worth of 5-year treasury notes. Further, Indian benchmark indices were unable to stick on a particular direction and were trading with tedious sentiments. However, stocks managed to recover and landed in positive precinct backed by firm European markets. During final trading hours, market witnessed sharp gains on good buying interest backed by rise in Asian stocks. From the sectoral front, IT, FMCG, Bank, Teck and Realty stocks witnessed most of the buying from these baskets. BSE Mid Cap and BSE Small Cap indices remained on buyers’ radar. However, most of the selling was observed in Oil & Gas and Power stocks.
Among the Sensex pack 23 stocks ended in green territory and 7 in red. The market breadth indicating the overall health of the market remained positive as 1503 stocks closed in green while 1170 stocks closed in red and 85 stocks remained unchanged in BSE.
The BSE Sensex closed higher by 241.50 points or (1.41%) at 15,387.96 and NSE Nifty ended up by 57.95 points or (1.28%) at 4,571.45. BSE Mid Caps and Small Caps closed with gains 29.31 and 49.26 points at 5,506.40 and 6,204.01 respectively. The BSE Sensex touched intraday high of 15,409.91 and intraday low of 15,065.48.
Gainers Losers from the BSE Sensex pack are TCS Ltd (6.04%), HUL (5.15%), Wipro Ltd (4.68%), HDFC (4.31%), SBI (4.01%), ICICI Bank (3.14%), HDFC Bank (2.95%), Tata Steel (2.53%), ITC Ltd (2.34%), ACC Ltd (2.13%), L&T Ltd (1.85%) and Reliance Infra (1.80%).
Losers from the BSE Sensex pack are Sun Pharma (3.62%), BHEL (1.59%), Reliance (1.37%), Hindalco (0.74%) and RCom (0.72%).
Inflation for week ended July 18 fell for the seventh consecutive week as it came in at -1.54% as compared to -1.17% for the previous week ended July 11, 2009 and 12.54% during the corresponding week ended July 19, 2008 of the previous year. The Wholesale Price Index for ''All Commodities'' for the week ended July 18, 2009 rose by 0.04% to 236.8 from 236.7 for the previous week.
On the global markets front the Asian markets that opened before the Indian market, ended higher. Shanghai Composite, Hang Seng, Nikkei 225, Straits Times and Seoul Composite ended upby 55.13, 98.58, 51.97, 32.13 and 10.42 points at 3,321.56, 20,234.08, 10,165.21, 2,636.19 and 1,534.74 respectively.
European markets, which opened after the Indian market, are trading in green. In Frankfurt the DAX index is trading up by 33.63 points at 5,303.95 in London FTSE 100 is trading higher by 47.71 points at 4,595.24.
The BSE IT index ended up by (2.8%) or 105.95 points at 3,891.84. Scrips that gained are Patni Computer (12.55%), Mphasis Ltd (7.45%), Aptech Ltd (6.72%), TCS Ltd (6.04%) and Tech Mahindra (4.79%).
The BSE FMCG index closed higher by (2.7%) or 69.72 points at 2,654.14. HUL (5.15%), Ruchi Soya (2.85%), Tata Tea Ltd (2.79%) and United Spr (2.56%) ended in green territory.
The BSE Bank index increased by (2.2%) or 178.45 points to close at 8,305.91. Main gainers are Reliance Oriental Bank (4.41%), SBI (4.01%), ICICI Bank (3.14%), Union Bank (3.29%) and Canara Bank (3.03%).
The BSE Teck index advanced by (1.57%) or 45.10 points at 2,915.23. Gainers are Patni Computer (12.55%), Mphasis Ltd (7.45%), Aptech Ltd (6.72%), TCS Ltd (6.04%) and Tech Mahindra (4.79%).
The BSE Realty index gained (1.3%) or 50.79 points at 3,962.56. Ansal Infra (4.07%), Housing Dev (3.85%), Orbit Co (3.58%), Omaxe Ltd (3.31%) and Mahindra Life (2.33%) closed in positive territory.
The BSE Oil & Gas index ended down by (0.19%) or 17.38 points at 9,235.04. Scrips that lost are Aban Offshore (2.22%), Reliance (1.37%), Reliance Pet (0.96%) and Cairn Ind (0.58%).
Tata Communications advanced by 3.31%, a leading provider of the new world of communications, announced today the company has successfully launched a voice outsourcing partnership and network expansion project with gotalk. gotalk is an Australia-based communications supplier of retail domestic and international voice services.
Ranbaxy Laboratories Limited gained 0.46%. Ranbaxy Pharmaceuticals Canada Inc. (RPCI), a wholly owned subsidiary of company, announced that RL1, has received approval in Canada to manufacture and market Ran-Ropinirole 0,25 mg, 1,0 mg, 2.0 mg, and 5.0 mg tablets (Ropinirole Uydrochloride) from Health Canada, Therapeutic Products Directorate (TPD).
State Bank of India (SBI) ended up by 0.41%. The bank has reported rise of 42.03% in Net Profit to Rs. 23303.70 million for the quarter ending on June 30, 2009 against Rs 16407.90 lacs for the quarter ending on June 30, 2008. Total Income increased by 29.86% to Rs. 210415.10 million for the quarter ending on June 30, 2009 against Rs 162030.70 million for the quarter ending on June 30, 2008.
GMR Infrastructure Ltd closed higher by 1.94%. The company has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has accorded approval for sub-division of all its equity shares of Rs 2/- each into 2 equity shares of Re 1/- each (per share), subject to the approval of members of the Company at the forthcoming Annual General Meeting.
Reliance Industries Ltd lost 1.37% after Anil Ambani said he will approach the Supreme Court on Thursday, 30 July 2009, seeking a final hearing on the two-year-old gas supply dispute on 1 September 2009.
Four Soft dropped by 4.85%. The company announced that Unique Global Logistics Pvt Ltd has selected its freight forwarding application 4S eTrans to be implemented across Its multiple locations.
Strong Q1 June 2009 earnings from State Bank of India (SBI) and Mahindra & Mahindra (M&M) and firm global stocks helped the key benchmark indices snap a three day losing streak. A recovery in Chinese shares after Wednesday's (29 July 2009)'s 5% slide helped soothe investors' nerves. The BSE 30-share Sensex jumped 214.50 points or 1.41%, up close to 320 points from the day's low. The Sensex attained its highest closing since 11 June 2009. IT, realty, banking and FMCG stocks led gains. But index heavyweight Reliance Industries (RIL) slipped. The market breadth was strong.
As per the provisional figures on BSE, foreign funds bought shares worth Rs 366.81 crore and domestic funds sold shares worth Rs 286.67 crore today, 30 July 2009.
Volatility was high as traders rolled over positions from July 2009 contracts to August 2009 contracts in the futures & options segment ahead of the expiry of July 2009 contracts today, 30 July 2009. Rollover of Nifty positions from July 2009 contracts to August 2009 contracts was about 60% at the end of Wednesday's (29 July 2009) trading. Rollover in Mini Nifty futures was about 43%.
The key benchmark indices slipped in early trade tracking losses in Asian stocks. After an initial slide the market moved to positive zone for a brief period before slipping into the red again. It recovered sharply in mid-morning trade tracking recovery in Chinese stocks. The market extended gains in early afternoon trade as the latest data showed inflation remained in the negative territory for a seventh week in a row. The market pared gains after surging to a fresh intraday high in mid-afternoon trade. The market extended gains in late trade on strong Q1 results from SBI and M&M.
The market today snapped last three days' losing streak. From a recent high of 15,378.96 on 24 July 2009, the Sensex had lost 205.50 points or 1.33% to 15,173.46 on Wednesday, 29 July 2009.
The wholesale price index (WPI) fell 1.54% in 12 months to 18 July 2009 compared to previous week's fall of 1.17% the government data showed at 11:50 IST. But the government revised upwards inflation for the week ended 23 May 2009 to 1.34% from 0.48%.
The Q1 June 2009 results announced so far have been encouraging, with lower costs helping bottomline growth. The combined net profit of 1438 companies rose 25.8% to Rs 67307 crore on 5.6% fall in sales to Rs 622730 crore in Q1 June 2009 over Q1 June 2008.
Finance Minister Pranab Mukherjee told the parliament on Wednesday that economic growth was showing certain signs of improvement, and trade minister Anand Sharma said efforts were being made to reduce the trade deficit. The economy grew by 6.7% in 2008/09 (April/March), and Mukherjee said India will able to maintain that level of growth. On Tuesday, 28 July 2009, the Reserve Bank of India (RBI) projected growth in 2009/10 at 6% with an upward bias.
A weak monsoon remains a cause of concern. India's monsoon rains were 18% below normal in the week to 29 July 2009, having been above normal in the preceding two weeks. Total rainfall since the beginning of June was 19% below average, the India Meteorological Department said on Thursday. More than two-thirds of the people live in villages and 60% of the farm land depends on the annual rains.
Meanwhile, foreign direct investments (FDI) in India declined 43% to $2.2 billion in May 2009 over May 2008.
European shares rose on Thursday, as investors digested a raft of earnings, which continue to be mostly positive. Key benchmark indices in France, Germany and UK were up by between 0.53% to 1.2%.
Asian stocks rose, recovering from early losses. China's Shanghai Composite ended 1.69% higher, recovering from an initial fall. The index had declined 5% on Wednesday amid concern the government will curb inflows into a market that had more than doubled from last year's low.
Meanwhile, a statement on the People's Bank of China Web site late Wednesday cited a senior official as saying the central bank will emphasize market-based forces, rather than administrative controls in setting credit growth. The statement suggested the government isn't planning to set loan curbs at this time.
Key benchmark indices in Hong Kong, Singapore, South Korea and rose by between 0.49% to 1.23%.
Japan's Nikkei rose 0.51% in volatile trade as Japanese manufacturers increased production for a fourth month in June 2009, capping the fastest quarterly output expansion in more than half a century and helping the economy rebound from its deepest post-war recession.
Trading in US index futures indicated Dow could rise 66 points at the opening bell today, 30 July 2009.
US stocks fell on Wednesday, 29 July 2009 as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.
The Dow Jones Industrial Average was down 26 points, or 0.3%, to 9,070.72. The S&P 500 index fell 4.47 points, or 0.5%, to 975.15, while the Nasdaq Composite Index was down 7.75 points, or 0.4%, to 1,967.76.
In economic news, orders for durable goods fell 2.5% in June 2009, much more than expected. Meanwhile mortgage applications fell for the first time in four weeks.
The BSE 30-share Sensex rose 214.50 points or 1.41% to 15,387.96, its highest closing since 11 June 2009. The Sensex rose 236.45 points at the day's high of 15,409.91 in late trade. The Sensex lost 107.98 points at the day's low of 15,065.48 in early trade.
The S&P CNX Nifty was up 57.95 points or 1.28% to 4,571.45. Nifty August 2009 futures were at 4578, at a premium of 6.55 points as compared to the spot closing of 4571.45. Turnover in NSE's futures & options (F&O) was Rs 94,477.38 crore, much lower than Rs 1,16,508.34 crore on Wednesday, 29 July 2009. BSE clocked a turnover of Rs 6,027 crore, lower than Rs 7,534.13 crore on Wednesday, 29 July 2009.
The Sensex is up 5,740.65 points or 59.5% in calendar year 2009 as on 30 July 2009. From a 3-year closing low of 8,160.40 on 9 March 2009, the Sensex has risen 7,227.56 points or 88.56% as on 30 July 2009.
Coming back to today's trade, the market breadth, indicating the overall health of the market, was strong. On BSE, 1,499 shares advanced as compared with 1,167 that declined. A total of 85 shares remained unchanged.
Among the 30-member Sensex pack, 23 rose while the rest declined.
The BSE Mid-Cap index was up 0.54% and the BSE Small-Cap index was up 0.8%. Both the indices underperformed Sensex.
The BSE IT index (up 2.8%), the BSE FMCG index (up 2.7%), the BSE Bankex (up 2.2%), the BSE TECk index (up 1.57%), outperformed the Sensex.
The BSE Oil & Gas index (down 0.19%), the BSE Power index (down 0.03%), the BSE Metal index (down 0.02%), the BSE Healthcare index (up 0.09%), the BSE Consumer Durables index (up 0.13%), the BSE Capital Goods index (up 0.2%), the BSE Auto index (up 0.86%), the BSE PSU index (up 0.89%), the BSE Realty index (up 1.3%), underperformed the Sensex.
India's largest private sector firm by market capitalisation and oil refiner Reliance Industries (RIL) fell 1.37% to Rs 1,899.90 after Anil Ambani said he will approach the Supreme Court on Thursday, 30 July 2009, seeking a final hearing on the two-year-old gas supply dispute on 1 September 2009. According to him the gas supply dispute between RIL and Reliance Natural Resources (RNRL) vitally affects public interest. The matter concerns power projects of national importance representing a capacity of 12,000 megawatt (MW) and an investment of over Rs 50,000 crore and affects the interests of over 10 million shareholders, he said.
The Supreme Court on 20 July 2009, asked the energy giant and former group firm Reliance Natural Resources (RNRL) why a gas pact between the two should not be cancelled. The court has scheduled next hearing on the dispute over the gas supply to Reliance Natural Resources (RNRL) on 1 September 2009.
RNRL has asked the Supreme Court to dismiss the government's affidavit on the dispute, even as the petroleum ministry has suggested that the court treats the pact between the two brothers null and void. The dispute concerns supply of natural gas from RIL's field, off the Andhra Pradesh coast, as also the price at which Reliance Natural Gas will get the fuel for power projects within the group.
In reply to the lawsuit filed by Reliance Industries challenging the Bombay High Court order, RNRL has said the government has no role to play in the private gas sharing dispute, and certainly not as a party to the row.
Oil exploration pivotals were mixed after crude futures tumbled almost 6% Wednesday as US oil inventories unexpectedly rose, raising fresh concerns of weak demand. India's largest exploration firm by sales ONGC rose 0.12%. Fall in crude oil prices would result in lower realizations from crude sales for oil exploration firms.
Cairn India fell 0.58% as consolidated net profit fell 67.2% to Rs 45.44 crore on 49.2% fall in sales to Rs 204.95 crore in Q2 June 2009 over Q2 June 2008. The company declared the results after trading hours on Wednesday.
PSU OMCs rose on fall in crude oil prices. BPCL and HPCL rose by between 4.3% to 8.01%. Lower oil prices will reduce underrecoveries at the state-run oil firms on domestic sale of petrol, diesel, LPG and kerosene at a controlled price.
Indian Oil Corporation rose 4.08% as its net profit jumped 787.15% to Rs 3682.83 crore in Q1 June 2009 over Q1 June 2008. The company announced the result during market hours today.
Auto stocks rose after posting strong Q1 June 2009 results in the past few days. India's largest truck market by sales Tata Motors rose 0.44%. The company on Tuesday, 28 July 2009 reported 57.54% rise in net profit to Rs 513.76 crore on a 7.17% decline in total income to Rs 6723.99 crore in Q1 June 2009 over Q1 June 2008.
India's largest tractor maker by sales Mahindra & Mahindra rose 1.22% after net profit rose 151.63% to Rs 400.80 crore on 28.04 % rise in total income to Rs 426.61 crore in Q1 June 2009 over Q1 June 2008. The results for the current quarter include the figures of the erstwhile subsidiaries Mahindra Holdings and Finance and Punjab Tractors which were merged with the company. Hence, the figures of the current quarter are not comparable with those of the previous year's quarter. The results hit the market just a while back.
India's top small car maker by sales Maruti Suzuki India was flat at Rs 1,397.70.
India's largest bike maker by sales Hero Honda Motors was flat at Rs 1,639.60. The company posted 83% jump in net profit to Rs 500 crore on 34% rise in total revenue to Rs 3865 crore in Q1 June 2009 over Q1 June 2008. The company announced the Q1 result after market hours on Wednesday, 29 July 2009.
Rate sensitive realty shares reversed early losses as inflation remained in the negative zone. Investors are concerned that the central bank may start reversing its interest-rate cuts in early 2010 as food and energy prices fan inflation. Rising interest rates may dent property demand as most of the commercial and housing deals are driven by finance.
India's largest real estate developer by sales DLF rose 1.02% ahead of its Q1 June 2009 result today. Unitech, Indiabulls Real Estate, Phoenix Mills and Omaxe rose by between 0.95% to 3.31%.
IT stocks rose on weak rupee. Better-than-expected Q1 June 2009 results by IT pivotals Infosys, Wipro and TCS also underpinned sentiment for IT stocks. TCS, Infosys and Wipro rose by between 1.34% to 6.04%.
The rupee recovered against the dollar after hitting a one-week low in early trade. The partially convertible rupee was hovering at 48.33/48.34, firmer than Wednesday's close of 48.42/48.43. A weak rupee boosts revenues of IT firms in rupee terms as the sector derives a lion's share of revenue from exports.
Patni Computer Systems rose 12.55% after the company said it will scout for acquisitions in the range of $50 million-$200 million in Europe and the Asia-Pacific to help lower its dependence on the US market.
Bank stocks rose on strong Q1 results from State Bank of India, India's biggest commercial bank in terms of branch network. State Bank of India (SBI) rose 4.37% as its net profit jumped 42.02% to Rs 2330.37 crore on 29.86% rise in total income to Rs 21041.51 crore in Q1 June 2009 over Q1 June 2008. The results hit the market during trading hours today.
India's second largest private sector bank in terms of operating income HDFC Bank rose 2.95%. India's largest private sector bank in terms of operating income ICICI Bank rose 3.14%.
Some FMCG stocks rose on improvement in India's annual monsoon in July 2009 after a dry spell in June 2009. FMCG firms derive substantial revenue from rural sector. Britannia Industries, ITC, Dabur India, Nestle India, United Spirits, Tata Tea, rose by between 0.65% to 2.79%.
India's largest FMCG company by sales Hindustan Unilever rose 5.15%. The company reported a 2.68% fall in net profit to Rs 543.19 crore on a 5.06% increase in total income to Rs 4536.17 crore in Q1 June 2009 over Q1 June 2008. The results were declared during trade hours on Tuesday, 28 July 2009.
India's largest private sector steel maker by sales Tata Steel rose 2.53% even as net profit fell 47% to Rs 789.83 crore on a 8.16% decline in total income to Rs 5661.89 crore in Q1 June 2009 over Q1 June 2008. The result was announced during trading hours on Wednesday, 29 July 2009.
India's second largest steel maker by sales Steel Authority of India rose 3.26% even as net profit fell 27.74% to Rs 1326.09 crore in Q1 June 2009 over Q1 June 2008. The company announced the result during trading hours today.
India's largest copper market by sales Sterlite Industries rose 0.89%. The company's net profit fell 68.5% to Rs 112.70 crore in Q1 June 2009 over Q1 June 2008. The result was announced during trading hours on 29 July 2009.
Construction stocks rose on government's thrust on infrastructure sector in Union Budget 2009-2010. Era Infra Engineering, Gayatri Projects and IVRCL Infrastructure & Projects rose by between 1.56% to 3.14%.
But capital goods stocks fell on profit taking after a recent surge triggered by government's thrust on the infrastructure sector in Union budget 2009-2010. Bharat Heavy Electricals, Punj Lloyd, ABB, Praj Industries, Siemens fell by between 0.06% to 1.86%.
Cement stocks rose on posting good Q1 June 2009 results. Grasim Industries, ACC, Ambuja Cements and Ultratech Cements rose by between 0.78% to 4.1%.
Some power stocks rose after a strong response to the Adani Power initial public offer which opened for subscription on Tuesday, 28 July 2009. NTPC, Power Grid Corporation Of India, Torrent Power rose by between 1.45% to 2.96%. Reliance Infrastructure rose 1.8% ahead of its Q1 June 2009 result today.
Sun Pharmaceuticals Industries tumbled 3.62% after net profit fell 56.7% to Rs 121.51 crore on a 39.5% decline in sales to Rs 405.88 crore in Q1 June 2009 over Q1 June 2008. The company announced the results during trading hours on Wednesday, 29 July 2009.
Other HealthCare stocks, Cadila HealthCare, Piramal HealthCare, Lupin fell by between 0.02% to 3.7%.
Unitech clocked highest volume of 1.54 crore shares on BSE. Suzlon Energy (1.47 crore shares), Mahindra Satyam (1.14 crore shares), Ispat Industries (1.1 crore shares) and Ruchi Soya Industries (1.08 crore shares) were the other volume toppers in that order.
Tata Steel clocked the highest turnover of Rs 255.38 crore on BSE. Housing Development & Infrastructure (Rs 185.26 crore), DLF (Rs 171.59 crore), Suzlon Energy (Rs 145.94 crore) and State Bank of India (Rs 144.07 crore) were the other turnover toppers in that order