Results Calendar - Oct 13 2011
Wednesday, October 12, 2011
08:00 ECB Publishes Oct. Monthly Report
06:00 German Consumer Price Index - EU Harmonised (MoM)
06:00 German Consumer Price Index - EU Harmonised (YoY)
06:00 German Consumer Price Index (MoM)
06:00 German Consumer Price Index (YoY)
18:30 Fed's Kocherlakota Speaks in Sidney Montana
14:30 DOE Cushing OK Crude Inventory
14:30 DOE U.S. Crude Oil Inventories
14:30 DOE U.S. Distillate Inventory
14:30 DOE U.S. Gasoline Inventories
13:45 Bloomberg Consumer Comfort
12:30 Continuing Claims
12:30 Initial Jobless Claims
12:30 Trade Balance
08:30 Total Trade Balance (Pounds)
08:30 Trade Balance Non EU (Pounds)
08:30 Visible Trade Balance (Pounds)
23:50 Domestic Corporate Goods Price Index (MoM)
23:50 Domestic Corporate Goods Price Index (YoY)
23:50 Japan Money Stock M2+CD (YoY)
23:50 Japan Money Stock M3 (YoY)
12:30 International Merchandise Trade (Canadian dollar)
The shares of Infosys gained by 5% and touched the monthly high of Rs2,647.80 after the company reported better than expectations Q2 numbers.
Infosys Tech Q2FY2012 results – Better than expectations, Strong EPS guidance in rupee term driven by higher currency depreciation:
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
12/10/2011 530621 Akar Tools HARI OM TRADERS & AGENCIES LTD S 45400 40.00
12/10/2011 531560 Aroma Enterprises SHAILESH JHAVERI B 66000 74.00
12/10/2011 506027 Bhoruka Alum ALFA FISCAL SERVICES PVT LTD B 319022 8.63
12/10/2011 506027 Bhoruka Alum VARMORA KAMLESH DINESHBHAI B 156000 8.58
12/10/2011 506027 Bhoruka Alum SHREE BHUVANAKARAM TRADINVEST PRIVATE LIMITED B 301096 8.59
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Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
12-OCT-2011,DHANBANK,Dhanlaxmi Bank Limited,CPR CAPITAL SERVICES LTD.,BUY,524791,65.66,-
12-OCT-2011,DHANBANK,Dhanlaxmi Bank Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,561840,65.14,-
12-OCT-2011,DHANBANK,Dhanlaxmi Bank Limited,GENUINE STOCK BROKERS PVT LTD,BUY,1230585,65.64,-
12-OCT-2011,GRAVITA,Gravita India Limited,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,166119,475.36,-
The star of the day was Infosys, which reported results in-line with market’s estimates. The Sensex rallied by 422 points and the Nifty rose by 125 points
Infosys soars on better Q2 results
August IIP at 4.1% versus 3.3%
Further rate hike depends on inflation situation: Gokarn
Amtek India hits 52-week high on bonus issue
Gujarat Automotive hits 5% upper circuit post Q2 nos
Nifty October 2011 futures were at 5114.85, at a premium of 15.45 points over spot closing of 5099.40. Turnover in NSE's futures & options segment surged to Rs 139168.12 crore from Rs 103839.19 crore on Tuesday, 11 October 2011.
State Bank of India (SBI) October 2011 futures were at 1881, near spot closing of 1880.
Good Q2 results from IT bellwether Infosys, which also revised upwards its full year earnings guidance, firm global stocks and data showing buying by the foreign funds recently, helped key benchmark indices scale 3-week closing highs. The 50-unit S&P CNX Nifty regained the psychological 5,000 mark. The barometer index BSE Sensex jumped 421.92 points or 2.55%, off close to 30 points from the day's high and up about 350 points from the day's low. The market breadth was strong.
Real estate major Unitech Group has dragged its telecom parter Telenor to the CLB alleging mismanagement in operations of the joint venture by the Norwegian partner, giving another twist to the already strained relation between them. (ET)
As the tool down strike by Bosch employees over the issue of outsourcing here entered the 14th day, the company management on Tuesday accused the workers of blocking the entry of its executives into the factory. (ET)
"Sentiment is the poetry of the imagination" - Alphonse de Lamartine
Sentiment seems to have softened and imaginations have stopped running wild. The brakes on the short rally have come with investors stepping back to focus on corporate earnings.
IT major Infosys will unveil its Q2 results. The company is likely to report ~5% QoQ rise in its dollar revenues. PAT growth in Rupee terms should also be pretty good. Infosys’ guidance and management commentary will be important as ever.
The European stock markets closed mixed on Tuesday, (11 October 2011), FTSE down by 0.06%, CAC declined by 0.25% and DAX advanced by 0.30%.
The US stocks drifted to a mixed finish on Tuesday, DOW JONES declined by 0.15% and NASDAQ increased by 0.66%.
The Asian shares were mostly lower on Wednesday (October 12, 2011), SGX NIFTY up by 0.26% and HANG SENG declined by 0.61%.
Crude oil rose on Tuesday on news of an alleged Iranian plot to assassinate Saudi Arabia's ambassador in the United States.
Stock in news:
Max India to sell 26% in unit for Rs516 crore.
DLF to raise Rs2,500 crore from Amanresorts stake sale.
Tata Power installs 300MW wind energy capacity.
For more stocks in news……Click Here
Today’s Intraday calls:
Sandeep says, SELL Aban Offshore @ Rs390.05 with a target of Rs.382 and stop loss of Rs.394, on CNBC Awaaz.
Pradeep Pandya says, BUY Bajaj Auto @ Rs1578.75 with a target of Rs.1645 and stop loss of Rs.1550, on CNBC Awaaz
Sandeep says, BUY Sintex Industries @ Rs115.5 with a target of Rs.119 and stop loss of Rs.114, on CNBC Awaaz
Sandeep says, BUY Spicejet @ Rs20.55 with a target of Rs.21.50 and stop loss of Rs.20, on CNBC Awaaz
Pradeep Pandya says, BUY Union Bank of India @ Rs241.4 with a target of Rs.255 and stop loss of Rs.236, on CNBC Awaaz
Gold turns pale but silver ends marginally higher
Precious metals ended mixed on Tuesday, 11 October 2011 at Comex. Yellow metal prices dropped but silver prices ended marginally higher. The dollar headed up earlier during the day pressuring bullions but the dollar ultimately had a flat finish going into close.
Gold for December delivery fell $9.8 or 0.6%, to end at $1,661 an ounce on the Comex division of the New York Mercantile Exchange on Tuesday. Prices rose to a high of $1,686.7 and fell to a low of $1,655.4 during intra day trading. For the month of September, gold shed 11%. It registered a rise of 8% for the third quarter ending September.
Traders ignore latest report from OPEC
Crude prices ended higher for fifth straight day as prices closed tad higher on Tuesday, 11 October at Nymex. Prices rose as the strong dollar pared almost all its gains and ended flat going into close.
Light and sweet crude for November delivery rose $0.40 (0.5%) to $85.81 a barrel on the New York Mercantile Exchange on Tuesday. It touched a low of $83.97 during intra day trading. Last week, crude gained 4.8%. For the month of September, oil futures lost 11%, and for the quarter, crude incurred losses of 17%. It was the worst quarterly performance for crude in almost two years.
Red metal ends its four day winning streak
Copper prices at Comex ended their four day winning streak and dropped for the first time in five days on Tuesday, 11 October 2011. Red metal prices fell the most in a week on concern that metal demand will slide as the global economy falters, Chinese exports wane and Europe's debt woes escalate.
Copper for December delivery ended lower by 8 cents (2.8%) at $3.29 a pound at Comex on Tuesday. In the third quarter, copper tumbled 26%, the most since 2008. The metal touched a 14-month low of $2.994 on 3 October, 2011.
IT bellwether Infosys announced before market hours today that standalone net profit rose 10.15% to Rs 1822 crore in Q2 September 2011 over Q1 June 2011. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a gain of 9 points at the opening bell. Asian stocks were mostly lower.