Tuesday, July 17, 2012
Reliance Industries has repurchased shares worth Rs 2,512 crore from its public shareholders—making it the country’s biggest share buyback programme ever while overtaking an earlier exercise by Piramal Healthcare. With this, Mukesh Ambani-led RIL has managed to achieve nearly one-fourth of the targetted amount of Rs 10,440 crore from the buyback programme, which began in February 2012. The company can continue its buyback programme till 19 January, 2013. As per the latest data, RIL has bought back 3.51 crore shares for an aggregate amount of Rs 2,512 crore till 13 July. So far, Piramal Healthcare had conducted the biggest ever share buyback programme, wherein it repurchased 4.18 crore shares for about Rs 2508 crore.
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 16/7/2012 524412 Aarey Drugs LEADAGE TRADING PRIVATE LIMITED B 98300 28.52 16/7/2012 511589 Almondz Cap VEENA GASES & CHEMICALS PRIVATE LIMITED B 70058 9.15 16/7/2012 511589 Almondz Cap BLUE SQUARE CORPORATE SERVICES PRIVATE LIMITED S 70058 9.15 16/7/2012 511672 Clarus Finance BLUE CIRCLE SERVICES LIMITED B 100000 38.50 16/7/2012 511672 Clarus Finance KINGFISHER PROPERTIES PRIVATE LIMITED B 100351 37.75
The Indian equities closed the first trading session of the week in red. Sensex shut shop down by 110 points while the Nifty fell 30 points in today's trade. Major Headlines: June Inflation at 7.25% vs 7.55% in May Castrol India Q2 net profit slips by 15% Food Ministry proposes 10% import duty on sugar Lloyds Steel hits 5% uppercircuit on Open Offer Indian Indices The key benchmark indices closed today's trading session in the negative zone backed by weak domestic and global cues. The broader markets too witnessed lacklustre trade. With the release of June monthly Inflation data, the markets did show some strength but failed to maintain it till the end. The Sensex closed 110 points lower while the Nifty slipped 30 points. Movement of the Indian indices for the day: The Indian markets kick started a new week taking the falling trend of the last 4-trading sessions ahead. Markets fell for the fourth consecutive session witnessing dull-trade for the day. Today, the Indian Indices opened the session on a flat note but the pendulum kept swinging between the green and red zone. The key indices hit their intraday low level in the late afternoon session and closed today's trade on a negative note. The sectors like technology, metal, realty, capital goods, power, auto, PSU, FMCG and banking added pressure while the pharma, consumer durables and oil & gas gave some support. The major heavyweight losers for the day were - Infosys, TCS, L&T, Tata Motors, Tata Steel, ITC and ICICI Bank.
Key benchmark indices fell for the fourth straight trading session to reach their lowest closing level in 2-1/2 weeks on concerns about slow progress of the annual monsoon rains, with sentiment also hurt by remarks over the weekend from Chinese Premier Wen Jiabao that the economic rebound in China isn't yet stable. China is the world's second biggest economy after the US. The barometer index, BSE Sensex, shed 110.39 points or 0.64%, off close to 180 points from the day's high and up about 25 points from the day's low. The market breadth was negative. From a recent high of 17,618.35 on 10 July 2012, the Sensex has declined 515.04 points or 2.92% in four trading sessions. The Sensex has lost 326.67 points or 1.87% in this month so far (till 16 July 2012). The Sensex has jumped 1,648.39 points or 10.66% in calendar 2012 so far (till 16 July 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,967.45 points or 12.99%. From a 52-week high of 18,944.60 on 26 July 2011, the Sensex has lost 1,841.29 points or 9.71%.