Wednesday, July 04, 2012
TCS is the most valued Indian firm
Tata group firm TCS regained its position of the country’s most valued company and pushed state-run ONGC to the second slot. ONGC had dethroned Tata Consultancy Services (TCS) from the pole position in market-valuation charts on Tuesday, but its leadership position proved to be short-lived and it slipped to the second position in today’s trading session. At the end of Wednesday’s trade, TCS commanded a market value of Rs 2,44,163 crore, higher than that of ONGC Rs 2,43,532 crore. TCS shares today gained 0.43 percent to close at Rs 1,247.50, but ONGC stock registered decline of 1.68 percent to close at Rs 284.65.
Is Dollar heading for a big fall?
In what could only be described as a move “from the frying pan to the fire”, one of the consequences of the European crisis has been the increased demand for the Greenback. We have witnessed the dollar index strengthening to 82-plus, with a corresponding decline in commodities like gold and oil. Most currencies also declined in this period—the Aussie and Canadian dollars declined from 1.1-plus levels to parity or less and we have had similar percentage declines with other currencies as well. To that extent, the decline in the exchange rates of the INR (Indian rupee) vis-à-vis the USD was not entirely based on fundamentals and we should witness a return to sub-50 levels over the course of this year.
UBS upgrade of Indian Stocks
UBS upgraded Indian stocks to “overweight” citing attractive valuations compared with growth markets in Southeast Asia and an improving trade balance that could help improve domestic liquidity conditions. Although the investment bank warned the country still faces a number of challenges, including politics and potential problems in the balance of payments, it recommended investors continue to bet on India.
7 States - 7000 Kms - India
§ India was the richest country on the earth until the British took over. § The Number/ Decimal System was invented in India. Zero was invented by Aryabhatta. § India has never invaded any country in the last 10,000 years of her history. § India is the only society in the world which has never known slavery. § The world's first university was established in Takshila (India) in 700 B.C.
Sensex consolidates further...Metal shares rally
The main Indian stock indices ended with modest gains on Wednesday, wiping out intraday losses after a positive start, as strength in select Metals, Realty, Capital Goods and Power stocks countered weakness in IT, FMCG and Oil & Gas stocks. It was the third straight day of consolidation for the Indian markets after last week's rally, as investors await the release of Q1 FY13 results, besides data on IIP and inflation. The RBI's month-end policy meeting is also likely to be crucial for the Indian markets. The Indian markets opened with a positive gap on account of overnight gains in the US and firm Asian markets. However, benchmark indices erased early morning gains after the European markets opened lower. Profit booking around 5320 levels dragged the Nifty to below the 5300 mark but the index managed to close just above it.
BSE Bulk Deals to Watch - July 4 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 4/7/2012 524412 Aarey Drugs LEADAGE TRADING PRIVATE LIMITED B 79965 26.20 4/7/2012 524412 Aarey Drugs RAHUL ASHOKKUMAR SHAH S 70723 26.04 4/7/2012 524412 Aarey Drugs LEADAGE TRADING PRIVATE LIMITED S 161522 26.07 4/7/2012 532797 Autoline Inds AARKEN ADVISORS PRIVATE LIMITED B 128500 154.39 4/7/2012 532797 Autoline Inds VISHWAS MARKETING SERVICES PVT LTD S 130000 154.26
NSE Bulk Deals to Watch - July 4 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks 04-JUL-2012,3IINFOTECH,3i Infotech Limited,TRANSGLOBAL SECURITIES LTD.,BUY,2452295,12.06,- 04-JUL-2012,INDOWIND,Indowind Energy Limited,PRASHANT MAHADEV OVHAL,BUY,845413,5.28,- 04-JUL-2012,INDOWIND,Indowind Energy Limited,SYNDICATE NIRMAN PVT.LTD.,BUY,949342,5.11,- 04-JUL-2012,ONMOBILE,OnMobile Global Limited,ALIVE CONSULTANTS ALIVE,BUY,984755,33.81,- 04-JUL-2012,ONMOBILE,OnMobile Global Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,672127,33.56,-
Markets in consolidation phase; end in green
The Indian markets witnessed another day of consolidation and ended with marginal gains. The Nifty ended above the crucial 5300 mark while the Sensex registered its highest close since April 19. Major Headlines: Ashok Leyland reported 28% hike in June sales Bad day for PSU OMCs; stock down over 1% Aban Offshore witnesses 3% rise in share prices L&T rises as subsidiary's order book gets loaded
Market ekes out small gains; breadth strong
Key benchmark indices edged higher for the second straight day after data showed that foreign funds remained buyers of Indian stocks on Tuesday, 3 July 2012. The barometer index, BSE Sensex, and the 50-unit S&P CNX Nifty both attained their highest closing level in almost 11 weeks. Expectations of measures from the government for revival of the slowing economy aided gains on the domestic bourses. The Sensex rose 37.10 points or 0.21%, up about 90 points from the day's low and off close to 61 points from the day's high. The market breadth was strong. BSE Small-Cap and Mid-Cap indices both outperformed the Sensex. Foreign institutional investors (FIIs) bought shares worth a net Rs 557.10 crore from the secondary equity markets on Tuesday, 3 July 2012, as per data released by the Securities & Exchange Board of India (Sebi).
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