India Strategy - Nov 18 2012
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Sunday, November 18, 2012
Muhurat Picks
Company Name
|
CMP
|
Company Name
|
CMP
|
Alstom
|
413.95
|
L & T Finance Holdings
|
71.50
|
MRF
|
10137.50
|
Ashok Leyland
|
26.85
|
BHEL
|
231.95
|
Alicon Castalloy
|
74.15
|
CIPLA
|
392.20
|
D.S. Kulkarni Developers
|
74.95
|
Reliance Capital
|
394.25
|
Indoco Remedies
|
67.00
|
HDIL
|
110.45
|
Spice Jet
|
36.35
|
OBC
|
321.30
|
EMCO
|
31.35
|
Siyaram Silk Mills
|
310.40
|
FDC
|
90.00
|
GRUH Finance
|
201.30
|
GNFC
|
82.00
|
Mayur Uniquoters
|
456.85
|
Rossell
|
39.65
|
I L & FS Trans.
|
183.25
|
IDBI Bank
|
106.20
|
Tech Mahindra
|
946.60
|
Gabriel India
|
26.95
|
Orient Carbon & Chemical
|
141.50
|
112.30
| |
CCL Products
|
314.50
|
Power Grid Corporation
|
119.95
|
Tata Steel
|
383.85
|
Alembic Pharmaceuticals
|
68.05
|
Shasun Pharmaceuticals
|
143.55
|
United Phosphorus
|
110.75
|
Persistent Systems
|
483.25
|
Dishman Pharmaceuticals
|
113.50
|
Axis Bank
|
1225.85
|
W h Brady
|
95.00
|
Indo Borax
|
92.00
|
33.00
|
Markets sink 2% in festive week on global massacre
Tumbling trend continued on the Dalal Street for second week due to panic selling among the investors on concerns of weak global and domestic cues Major Headlines of the Week: October exports slip 1.6% to $23.2 bln IIP for Sept 2012 came in at -0.4%, below market estimate Inflation for Oct at 7.45% vs 7.81% in Sept 2012 Petrol price cut by 95 paise per litre October CPI inflation at 9.75% vs 9.73%
US fiscal-cliff negotiations in focus
The upcoming winter session of the parliament in India and fiscal-cliff negotiations in the US will dictate trend on bourses in the near term. The winter session of the parliament begins on Thursday, 22 November 2012. Finance Minister P. Chidambaram on Friday, 16 November 2012, said that the winter session will have a heavy legislative agenda. Siemens announces its results of the year ended 30 September 2012 on Friday, 23 November 2012 US President Barack Obama and Congressional leaders begin fiscal-cliff negotiations on Friday, 16 November 2012. Investors are worried about the possibility of the so-called "fiscal cliff" in US, if the Congress fails to act. The fiscal cliff refers to the year-end deadline for the expiration of hundreds of billions of dollars worth of tax cuts and the triggering of $109 billion in across-the-board spending cuts. The US Congress created the hazardous deadline of 31 December 2012 in August 2011 when it agreed to a deficit deal as a way out of a deadlock over raising the US debt ceiling. In Europe, an extraordinary meeting of euro-zone finance ministers is scheduled to be held on Tuesday, 20 November 2012, after euro-zone finance ministers after holding a meeting on 12 November 2012 delayed releasing the next tranche of bailout money to Greece.
Market loses ground on US fiscal cliff worries
Key benchmark indices edged lower as European stocks dropped and as trading in US index futures indicated lower opening of US stocks later in the global day today, 16 November 2012. Worries about the US "fiscal cliff" and Europe's long-running debt problems weighed on sentiment. The barometer index, BSE Sensex, reached its lowest closing level in more than 9 weeks. The 50-unit S&P CNX Nifty reached its lowest closing level in more than 8 weeks. The Sensex was down 162 points or 0.88%, up about 40 points from the day's low and off close to 265 points from the day's high. The market breadth turned negative from positive in late trade. Indian stocks dropped for the sixth day in a row today, 16 November 2012. From a recent high of 18,902.41 on 7 November 2012, the Sensex has declined 593.04 points or 3.13% in the past six trading sessions. The Sensex has surged 2,854.45 points or 18.46% in calendar 2012 so far (till 16 November 2012). The Sensex has declined 196.01 points or 1.05% in this month so far (till 16 November 2012). From a 52-week high of 19,137.29 on 5 October 2012, the Sensex has declined 827.92 points or 4.32%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 3,173.51 points or 20.96%.
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