Monday, January 02, 2012
The first trading session on Dalal Street finished on a positive note, kicking off the new year in green territory after clocking hefty losses last year. The Indian markets opened on a rather subdued note before climbing to a day's high in early morning trade. However, they retreated to day's low in early afternoon before recovering again, tracking positive cues from the European markets. One should bear in mind the fact that the advance today came on light trading volumes as many participants were enjoying extended new year holidays. The depth was also missing due to lower participation in the equity markets.
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
2/1/2012 531270 Dazzel Conf YOGESHKUMAR SURESHBHAI PARMAR S 828606 2.45
2/1/2012 531695 Dhvanil Chem SOMAIYA MANOJ PREMJIBHAI B 50000 29.22
2/1/2012 531758 GK Consultants ALKA LADHANI B 27000 14.85
2/1/2012 530701 Gomti Finlease DYNAMIC SHIP RECYCLERS PRIVATE LIMITED B 25000 43.50
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
02-JAN-2012,IFCI,IFCI Ltd.,ADROIT SHARE & STOCK BROKER PVT. LTD.,BUY,6696755,21.49,-
02-JAN-2012,IFCI,IFCI Ltd.,SYKES & RAY EQUITIES (I) LTD.,BUY,5199020,21.32,-
02-JAN-2012,IFCI,IFCI Ltd.,ADROIT SHARE & STOCK BROKER PVT. LTD.,SELL,6608755,21.66,-
02-JAN-2012,IFCI,IFCI Ltd.,ARUMUGASAMY O,SELL,5814296,20.57,-
02-JAN-2012,IFCI,IFCI Ltd.,SYKES & RAY EQUITIES (I) LTD.,SELL,2759020,21.80,-
02-JAN-2012,LML,LML Ltd.,SARASWATI TRADING COMPANY LIMITED,SELL,445540,7.78,-
02-JAN-2012,PRITHVI,Prithvi Information Solut,INDUSTRIAL DEVELOPMENT BANK OF INDIA,SELL,105000,11.09,-
The Indian markets broke four-day losing run and closed the trade in the positive terrain. The Sensex rose by 63 points and the Nifty surged by 12 points
Headlines for the day:
Factory activity hits six-month high
November exports rise 3.9%
Bajaj Auto tumbles post December auto sales numbers
Hindalco slips 4% after court dismisses plea against tax dept
Data showing a sharp improvement in manufacturing activity in December 2011 and comments by Reserve Bank of India governor that the central bank is likely to begin easing monetary policy to address concerns about economic growth, helped Indian stocks register gains on the first trading session of the New Year. The government's decision to allow qualified foreign investors to invest directly in local equities and gains in European shares underpinned sentiment as the market snapped a four-day losing streak. The BSE Sensex rose 63 points or 0.41%, up close to 160 points from the day's low and off about 25 points from the day's high. The market breadth turned positive from negative in late trade.
It is expected to be a quiet start on the first trading session of the year 2012 due to lack of global cues. Focus will be on the domestic cues.
Headlines for the day:
Tata Motors sales up 22% in December 2011
Coal India may form JV to buy assets in South Africa
Elder Pharma eyes 20% jump in revenues in current fiscal
FDI inflows up 36% at $24 bn in Jan-Oct
PTC India in talks with sovereign wealth fund for PE venture
Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 10 points at the opening bell. The government's decision to allow qualified foreign investors (QFIs) to directly invest in the Indian equity market may help boost market sentiment.
Starting off the New Year on a liberalisation note, the government on 1 January 2012 announced its decision to allow Qualified Foreign Investors (QFIs) to directly invest in the Indian equity market from 15 January 2012. The move comes against the backdrop of significant foreign capital outflows from the domestic equity market in recent times, which has resulted in rupee volatility. A QFI is an individual, group or association resident in a foreign country that is compliant with Financial Action Task Force (FATF) standards. QFIs do not include FIIs/sub accounts. In August last year, the government allowed foreign investors to directly invest up to $13 billion in equity and debt schemes of mutual funds.
Gold gains 10% for the year while silver sheds 11%
Precious metal prices ended higher on Friday, 30 December 2011 at Comex. Gold ended its six session losing streak. The rally was likely a combination of short covering and a little bargain hunting. But precious metals registered losses on a weekly basis. With Friday's close, bullions ended mixed for the year.
Gold for February delivery ended higher by $25.9 or 1.7%, to end at $1,566.8 an ounce on the Comex division of the New York Mercantile Exchange on Friday. Prices shed 2.4% during the week. For the year, gold rose 10%. Gold lost 3.4% on a quarterly basis.
Crude gains more than 8% on a yearly basis
Crude prices ended lower on Friday, 30 December 2011 at Nymex. Tensions in the Middle East, mainly Iran and latest developments at Europe impacted prices. Traders kept an eye on Iran where state news agency were saying that oil flow will stop from Strait of Hormuz if its sanction issues by European Union over nuclear programme continued. But crude registered modest yearly gains.
Light and sweet crude for February delivery fell $0.82 (0.8%) to $98.83 a barrel on the New York Mercantile Exchange on Friday. For the year, crude futures gained 8.2% after climbing 25% for the quarter. They were trading below $80 at the end of September and closed out 2010 at $91.38 a barrel.