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Tuesday, January 17, 2012

Insider Trades - Jan 17 2012

Insider Trades - Jan 17 2012

Sensex zooms 277 points on global optimism

Bulls stood strong all throughout the day, with the Indian markets keeping its head high on account of all-round buying and positive global cues.

Major headlines

Maruti Suzuki hikes vehicle prices

RCom to refinance outstanding bonds worth $1.18 bn

Tata Motors rises on strong global sales

Chambal Fertilisers tumbles on net loss in Q3

HCL Tech zooms after good Q2 numbers

Nifty January 2012 futures near spot price

Turnover surges

Nifty January 2012 futures were at 4972.50, near spot closing of 4967.30. Turnover on NSE's futures & options (F&O) segment surged to Rs 122915.63 crore from Rs 86999.25 crore on Monday, 16 January 2012.

Tata Motors January 2012 futures were at 216.70, near spot closing of 216.60.

State Bank of India January 2012 futures were at 1840, near spot closing of 1838.85.

RCom gains on tying up funds for FCCB redemption

Reliance Communications rose 3.12% at Rs 89.15 at 15:04 IST on BSE after the company said it tied up refinancing for outstanding foreign currency convertible bonds worth Rs 6125 crore.

The announcement was made during trading hours today, 17 January 2012.

Meanwhile, the BSE Sensex was up 274.07 points, or 1.69%, to 16,463.43.

On BSE, 32.28 lakh shares were traded in the counter as against an average daily volume of 19.75 lakh shares in the past one quarter.

Market scales 5-1/2-week high on strong Chinese Q4 GDP data

Gains in world stocks triggered by stronger-than-expected GDP growth in China, the world's second biggest economy, in the fourth quarter of 2011, strong Q2 December 2011 results from IT major HCL Technologies and data showing buying of Indian stocks by foreign funds over the past few days, triggered a rally on the domestic bourses today, 17 January 2012. The 50-unit S&P CNX Nifty reached its highest closing level in nearly 6 weeks. The barometer index, BSE Sensex, scaled its highest closing level in more than 5-1/2 weeks. The Sensex jumped 276.69 points or 1.71%, off about 35 points from the day's high and up close to 195 points from the day's low. The market breadth was strong. All the 13 sectoral indices on BSE were in green.

Indian shares advanced for the third day in a row today, 17 January 2012. The Sensex has risen 428.54 points or 2.67% in the last three trading sessions from a recent low of 16,037.51 on 12 January 2012. The barometer index has jumped 1,011.13 points or 6.54% so far in this month. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 3,345.09 points or 16.88%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,330.19 points or 8.78%.

Daily News Roundup - Jan 17 2012

Reliance Infrastructure Ltd transferred Rs5.2bn into its subsidiary BSES’s account for equity infusion. (BS)

PFC may partner Edelweiss Financial Services for the US$1bn PE fund it plans to establish. (BS)

The government has agreed to infuse fresh capital of Rs7.75bn in Bank of Baroda by the end of March 2012, CMD M D Mallya said. (BS)

SBI has said the Government has approved a capital infusion of Rs60-80bn by March 31. (BS)

Bank of Baroda plans to open about 13 overseas branches in the next 6 months. (BL)

Sensex ekes out slim gains on inflation relief

The Indian equity market coped quite well with Standard & Poor's mass sovereign downgrades in Europe as inflation fell to a two-year low in December, giving elbow room to the RBI to adjust its monetary policy and support economic growth. Trade Secretary said today that India's exports surged by ~26% during April-December 2011 and could hit US$300bn for the full fiscal year.

It was a cautious start to the week for the Indian stocks, as the benchmark indices ended almost unchanged. The equity benchmarks managed to recover smartly from session lows. Earlier, they had got stuck in a tight trading range due to weakness across the Asian markets.

Downgrades ignored, flat start in sight!

What we anticipate seldom occurs; what we least expected generally happens.- Benjamin Disraeli.

The much-dreaded mass downgrades of struggling eurozone members by S&P hardly caused any ripples across world markets. In fact, Moody’s affirmed its "AAA" rating of France. S&P delivered another knock though by cutting the top rating of the eurozone bailout fund, EFSF.

European Central Bank (ECB) President Mario Draghi has downplayed the S&P downgrades but warns that the eurozone situation remains grave. Meanwhile, talks over how writedowns of Greek debt should be handled will resume on Wednesday after a brief pause last week.

SGX Nifty Live Update - Jan 17 2012

4899.00 +11.00 (+0.23%)