The investment by overseas investors into Indian stock market since the beginning of 2012 is set to cross the $10 billion level, out of which more than $1 billion was pumped in the first two weeks of July. The total investment so far in 2012 by Foreign Institutional Investors (FIIs) in to the Indian equity market to U$9.82 billion (Rs 49,349 crore), according to data available with capital market regulator, the Securities and Exchange Board of India (Sebi).
Monday, July 16, 2012
Tata Motors Ltd is developing a new line of fuel-efficient trucks and buses to fend off competition from bigger global rivals. It is also planning to upgrade its passenger car models and introduce new ones to reverse the company’s sliding market share in this segment, Chairman Ratan Tata has said. (BS) Jindal Steel and Power has set an August 10 deadline for Bolivian government to resolve the issues related to its US$2.1bn venture in Bolivia, or it will pull out of the Latin American country. (BL) Essar Oil has set a roadmap to invest an additional ~Rs20bn at its coal-bed methane block in Ranigunj of West Bengal. (BS)
The key Indian equity benchmarks ended with slender losses on Friday, extending its losing steak to a third consecutive trading session. After opening with a positive gap, the equity benchmarks were unable to make much headway and surrendered all the gains in the mid afternoon. Even a positive trend across Asian and European markets failed to lift the sentiment on the Indian bourses. Selling pressure in Realty, Metals, Power and IT stocks dragged the Nifty below the 5250 mark. The Sensex ended at 17,213, down 18 points or 0.1% from the previous close. It had earlier touched a day’s high of 17,342 and a day’s low of 17,182. It opened at 17,269. The NSE Nifty settled at 5227, down 8 points or 0.15%. It touched a day’s low of 5,216 and day’s high of 5,267.
Every person takes the limits of their own field of vision for the limits of the world. - Schopenhauer. Indian stock indices appeared to have crossed its limit in the near term after snapping a five-week winning streak last week. Meanwhile, US President Barack Obama says there appears to be a growing consensus in India that the time may be right for another wave of economic reforms to make India more competitive in the global economy. Back home, the much-hyped presidential election also takes place this week, with Pranab Mukherjee in the driver’s seat. The period after the presidential polls is likely to be an important one amid growing expectations on the reforms front.
Two buzzphrases associated with the Congress-led UPA are “inclusive growth” and “aam aadmi” policies. As the government nears the end of its useful life after more than eight years in power, it is time to hold up the mirror to its own claims. Has UPA ensured inclusive growth for the aam aadmi and aam aurat? And what exactly have welfarist schemes like the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA, for short) ensured?
Indian markets are expected to open on a positive note on the back of mixed Asian cues. SGX Nifty is also trading 9 points higher. Events for the day: Inflation for June 2012. Results: Castrol India, Exide Industries.
Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 8 points at the opening bell. The Central Statistical Organization (CSO) will announce data on wholesale price index inflation for June 2012 at 11:30 IST today, 16 July 2012. Asian markets were trading mixed as China's premier on Sunday said weakness in the world's second-biggest economy is not yet over. Tata Steel turns ex-dividend today, 16 July 2012, for dividend of Rs 12 per share for the year ended 31 March 2012 (FY 2012). Tata Motors is developing a new range of fuel-efficient trucks and buses to keep its leadership of the commercial vehicle market in India where it expects the entry of several auto makers to challenge its domination in the coming years, Tata Motors chairman Ratan Tata said in the company's annual report for the year ended 31 March 2012 (FY 2012), which was released on Friday, 13 July 2012. In the coming years, Tata Motors' predominance in commercial vehicles will be challenged by the entry of international brands like Mercedes-Benz, Volvo and Navistar which have all entered, or are in the process of entering India, Mr. Tata said.