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Thursday, December 08, 2011
Nifty December 2011 futures below 5000
Turnover rises
Nifty December 2011 futures were at 4948.60, at a premium of 4.95 points compared to spot closing of 4943.65. Turnover on NSE's futures & options (F&O) segment to rose to Rs 130148.74 crore from Rs 111622.45 crore on Wednesday, 7 December 2011.
State Bank of India (SBI) December 2011 futures were at 1857.90, at a discount compared to spot closing of 1863.90.
Sensex, Nifty settle at one-week lows
Key benchmark indices tumbled today, 8 December 2011, after a newspaper report suggested that industrial output declined by 7% in October 2011, falling for the first time since June 2009. The 50-unit S&P CNX Nifty fell the psychological 5,000 mark. The barometer index, BSE Sensex, lost 388.82 points or 2.30%, up about 67 points from the day's low and off close to 360 points from the day's high. The Sensex and the Nifty settled at one-week lows. Index heavyweight Reliance Industries (RIL) fell nearly 4%. All the 13 sectoral indices on BSE were in the red. The market breadth was weak. Mid-cap and small-cap indices on BSE outperformed the Sensex.
The Sensex has risen 364.78 points or 2.26% this month so far. The Sensex has slumped 3,208.24 points or 16.29% in calendar 2011. From a 52-week high of 20,664.80 on 3 January 2011, the Sensex has lost 4176.56 points or 20.21%. From a 52-week low of 15,478.69 on 23 November 2011, the Sensex has risen 1,009.55 points or 6.52%.
Daily News Roundup - Dec 8 2011
Maruti Suzuki plans to start exporting select models as completely knocked down (CKD) kits, beginning with its new multi-passenger vehicle Ertiga, which it plans to launch at the Auto Expo in Delhi next month. (ET)
SKS Microfinance Ltd, which has been hit by the Andhra Pradesh microfinance crisis, is now facing collection-related problems in parts of West Bengal and Gujarat. (BL)
IDBI Bank underwrote two credit default swap transactions in respect of REC and IRFC bonds held by ICICI Bank, thus becoming the first public sector bank to enter into such a transaction for managing credit risks associated with Indian corporate bonds. (BL)
Measured movement!
Measure a thousand times and cut once” -Turkish Proverb.
The attention is more on European Union leaders as they meet today and tomorrow in Brussels to discuss measures to regain the lost confidence. The optimism surrounding the EU Summit faded after Germany reportedly rejected plan of running two separate bailout funds. Also, S&P put EU and several top European banks on credit watch. UK has set some conditions on backing the proposed amendments in EU Treaty.
Meanwhile, the ECB is likely to deliver its second rate cut in as many months on Thursday. The Bank of England (BOE) also meets today to review its monetary policy. South Korea has left rates steady.
Markets expect a cautious start on EU debt summit doubts
It is expected to be a cautious opening led by losses across the globe. All eyes will be on the EU summit.
Headlines for the day:
Balrampur Chini GDRs delisted from Luxembourg bourse
Sesa Goa buys 1.5% more in Cairn India
Suzlon to supply wind turbines for South Africa project
Wipro to invest Rs800 crore for expansion in Bengal
Retailers call for opening of FDI in non-food segment
First CDS trades made between ICICI, IDBI Bank
Another session of mixed finish for bullions
Gold ends higher but silver drops
It was another day of mixed finish for precious metals on Wednesday, 07 December 2011 at Comex. Gold prices ended the U.S. day session modestly higher but silver prices dropped. Gold prices ended near the daily high on Wednesday. Bargain hunters stepped in to buy the recent dip in prices. The dollar stayed steady. Yellow metal added luster as traders are still concerned about the ongoing European Union debt crisis and the latest developments coming from EU and IMF.
Gold for February delivery ended higher by $13 or 0.8%, to end at $1,744.8 an ounce on the Comex division of the New York Mercantile Exchange on Wednesday. It rose to a high of $1,747 and fell to a low of $1,723.6 during intra day trading. Last week, gold gained 3.9%. It was first weekly gain for gold in three weeks.
Crude prices end modestly lower
Prices drop as crude stockpiles show unexpected increase for last week
Crude prices ended little lower on Wednesday, 07 December 2011 at Nymex. Latest weekly inventory report showing surprise increase in crude stockpiles for last week pressured prices. Prices also slipped as traders remained tensed about latest developments in the euro zone as troubles there show no signs of abating.
Light and sweet crude for January delivery fell $0.79 (0.8%) to $100.48 a barrel on the New York Mercantile Exchange on Wednesday. It dipped as low as $99.67 a barrel earlier, but recouped losses as the floor session neared its end and traded as high as $101.94 a barrel. Last week, crude gained 4.3%. For the month of November, oil futures gained 7.7%.
Market may open lower on weak Asian stocks; food inflation data eyed
The market may open lower tracking weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 16 points at the opening bell. On the macro front, the government will today, 8 December 2011, will unveil data on some wholesale price indices viz. the food price index, the primary articles index and the fuel price index for the year through 26 November 2011.
Key benchmark indices edged higher in a volatile trading session on Wednesday, 7 December 2011, on positive global cues. Both Sensex and Nifty ended at their highest closing levels since 15 November 2011. The BSE Sensex rose 71.73 points or 0.43% to settle at 16,877.06, its highest closing level since 15 November 2011.
Rakesh Jhunjunwala - December 2011 Portfolio
Company | %Holding | No of Shares (in Lakhs) | Rs Crore |
| A2Z Maintenance and Engineering Services | 17.22 | 127.73 | 163 |
| Viceroy Hotels | 10.02 | 42.50 | 10 |
| Geojit BNP Paribas Financial Services | 7.88 | 180.00 | 30 |
| Praj Industries | 7.39 | 136.54 | 107 |
| Bilcare | 7.37 | 17.35 | 39 |
| Titan Industries | 7.15 | 635.09 | 1,176 |
| Rallis India | 6.47 | 125.92 | 181 |
| Ion Exchange (India) | 6.47 | 8.75 | 9 |
| Geometric | 6.29 | 39.40 | 20 |
| Zen Technologies | 5.06 | 4.50 | 5 |
| Prime Focus | 4.55 | 63.25 | 32 |
| Agro Tech Foods | 4.52 | 11.01 | 45 |
| VIP Industries | 4.47 | 12.63 | 15 |
| Adinath Exim Resources Ltd | 4.45 | 1.83 | 0 |
| Autoline Industries | 4.26 | 5.20 | 6 |
| Delta Corp | 3.35 | 75.00 | 56 |
| Titan Industries | 2.49 | 221.16 | 409 |
| Alphageo (India) | 2.43 | 1.25 | 1 |
| Reliance Broadcast Network | 2.20 | 17.50 | 10 |
| Sterling Holiday Resorts (India) | 2.16 | 12.50 | 10 |
| Lupin | 2.02 | 90.25 | 407 |
| NCC | 1.95 | 50.00 | 21 |
| A2Z Maintenance and Engineering Services | 1.89 | 14.00 | 18 |
| Subex | 1.80 | 12.50 | 4 |
| Prime Focus | 1.80 | 24.95 | 13 |
| Provogue (India) | 1.66 | 19.00 | 5 |
| Hindustan Oil Exploration Company | 1.57 | 20.50 | 26 |
| Mcnally Bharat Engineering | 1.48 | 4.60 | 5 |
| VIP Industries | 1.45 | 4.10 | 5 |
| Hindustan Oil Exploration Company | 1.35 | 17.62 | 23 |
Company | %Holding | No of Shares (in Lakhs) | Rs Crore |
| Pantaloon Retail (India) - B-DVR | 1.32 | 2.11 | 3 |
| Orchid Chemicals and Pharmaceuticals | 1.21 | 8.50 | 14 |
| Viceroy Hotels | 1.18 | 5.00 | 1 |
| Orchid Chemicals and Pharmaceuticals | 1.14 | 8.00 | 13 |
| Bilcare | 1.14 | 2.68 | 6 |
| Orchid Chemicals and Pharmaceuticals | 1.06 | 7.50 | 13 |
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