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Sunday, July 29, 2012
Saturday, July 28, 2012
All eyes on RBI's monetary policy review
Next batch of first quarter corporate earnings, the Reserve Bank of India's (RBI) monetary policy review, progress of the monsoon rains and monetary policy review by US Federal Reserve will dictate near term trend on the bourses. Automobile and cement stocks will be focus as companies from these two sector start unveil monthly sales volume data for July 2012 from Wednesday, 1 August 2012. Investors' focus is currently on Q1 June 2012 earnings. Bank of Baroda and GAIL (India) unveil Q1 results on Monday, 30 July 2012. Jaiprakash Associates and Cipla unveil Q1 results on Tuesday, 31 July 2012.
BSE Small-Cap, Mid-Cap indices slump
The market tumbled for the third consecutive week as stocks fell across the globe on renewed concerns over debt problems in Spain and Greece. The domestic market also fell on concerns over deficient monsoon and delay in key economic reforms in India. The BSE Sensex declined 319.25 points or 1.86% to 16,839.19. The 50-unit S&P CNX Nifty fell 105.25 points or 2.02% to settle at 5,099.85. The BSE Mid-Cap index slumped 4.80% and the BSE Small Cap index slumped 4.76%. Both these indices underperformed the Sensex.
Rising bad loans rattle PSU bank stocks
Key benchmark indices snapped two-day losing streak as euro zone debt worries eased after European Central Bank (ECB) President Mario Draghi on Thursday, 26 July 2012, said the ECB will do whatever is necessary to protect the euro zone from collapse, raising hopes for action to ease strains for highly indebted euro zone member states facing pressures to seek a bailout. The barometer index, BSE Sensex, jumped 199.37 points or 1.2%, off about 135 points from the day's high and up close to 80 points from the day's low. But, a number of small-cap and mid-cap stocks fell. The market breadth was weak. BSE Mid-Cap and Small-Cap index were both in red, underperforming the Sensex.
Friday, July 27, 2012
Crude moves up
Positive economic data and ECB's comments fuel prices higher Crude prices ended higher on Thursday, 26 July 2012 at Nymex. Prices rose as the European Central Bank signaled its intention to preserve the euro. Earlier this morning, President Mario Draghi made supportive comments, which resulted in a spike in the euro, commodities and equity markets around the world. Draghi's comments came as the market is also anticipating further stimulus in the U.S. and China. Better than expected economic data at Wall Street also pushed up prices. Light and sweet crude for September delivery rose $0.42 (0.5%) to $8.39 a barrel on the New York Mercantile Exchange on Thursday.
Market opens on a firm note as euro zone debt worries recede
Key benchmark indices surged in early trade as euro zone debt worries eased after European Central Bank (ECB) President Mario Draghi on Thursday, 26 July 2012, said that the ECB will do whatever it takes to preserve the euro. The market breadth was strong. All the 13 sectoral indices on BSE were in the green. The barometer index, BSE Sensex, was up 247.49 points or 1.49%. Index heavyweight and cigarette maker ITC edged higher in early trade after the company reported strong Q1 results during trading hours on Thursday, 26 July 2012. Another index heavyweight Reliance Industries (RIL) also edged higher. Cement major ACC gained after strong Q2 results. Sterlite Industries (India) shrugged off weak Q1 results. India's largest private sector bank by net profit ICICI Bank surged ahead of its Q1 results today, 27 July 2012.
BSE Small-Cap, Mid-Cap indices off over 2% each
Key benchmark indices fell for the second straight day and reached their lowest closing level in more than seven weeks on concerns arising from erratic monsoon rains this year. The market sentiment was also hit adversely after data showed selling of Indian stocks by foreign funds on Wednesday, 25 July 2012. The barometer index, BSE Sensex, was down 206.23 points or 1.22%, up close to 40 points from the day's low and off about 260 points from the day's high. The market breadth was weak. All the 13 sectoral indices on BSE were in the red. A number of small-cap and mid-cap stocks fell. BSE Small-Cap and Mid-Cap indices lost more than 2% each. From a recent high of 16,918.08 on 24 July 212, the Sensex has declined 278.26 points or 1.64% in two trading sessions. The Sensex has lost 790.16 points or 4.53% in this month so far (till 26 July 2012). The Sensex has jumped 1,184.90 points or 7.66% in calendar 2012 so far (till 26 July 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,503.96 points or 9.93%. From a 52-week high of 18,523.78 on 22 February 2012, the Sensex has lost 1,883.96 points or 10.17%.
Thursday, July 26, 2012
PM makes no difference to Economy
Nobody needs to teach Prime Minister Manmohan Singh the importance of numbers in matters related to the economy. He has been an economist for a major part of his life. Definitely, he also knows how important the numbers are in politics. It is an unhealthy combination of both that has put him in a Catch 22. A report in The Economic Times says the Congress may not have the required numbers to push through a diesel price increase in the monsoon session of Parliament.
Wednesday, July 25, 2012
Where have all the retail gone?
Retail investors' participation in the equity cash market is at a seven-year low, with more and more savings finding their way to properties, gold, risk-free avenues like bank deposits and high-yield debt instruments. The daily average volume of retail turnover is down to Rs 6,690 crore in 2012 - the lowest since 2005 and a 51% drop from the peak of Rs 13,709 crore in 2009. The daily average volume generated by retail investors was Rs 10,882 crore in 2010 and Rs 6,690 crore in 2011.
NSE Bulk Deals to Watch - July 25 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks 25-JUL-2012,ADVANTA,Advanta India Limited,ITF MAURITIUS,BUY,676025,475.37,- 25-JUL-2012,AKZOINDIA,Akzo Nobel India Limited,ICICI SECURITIES LIMITED,BUY,870000,919.99,- 25-JUL-2012,HDIL,Housing Development and I,GENUINE STOCK BROKERS PVT LTD,BUY,2124627,72.73,- 25-JUL-2012,HOTELRUGBY,Hotel Rugby Ltd.,SAVITRIDEVI JAIPRAKASH AGARWAL,BUY,113305,14.02,- 25-JUL-2012,IMPAL,India Motor Parts and Acc,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,28961,872.36,- 25-JUL-2012,IMPAL,India Motor Parts and Acc,MULTIPLEX CAPITAL LTD.,BUY,22421,884.45,- 25-JUL-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,BUY,21588795,13.03,- 25-JUL-2012,SAKSOFT,Saksoft Limited,ASHROJ CREDIT INDIA PRIVATE LIMITED,BUY,140000,69.99,- 25-JUL-2012,SIMBHSUGAR,Simbhaoli Sugars Limited,INDIA MAX INVESTMENT FUND LTD,BUY,200000,33.05,- 25-JUL-2012,VKSPL,VKS Projects Limited,DECENT FIN. SER. (P) LTD,BUY,151000,55.00,- 25-JUL-2012,AANJANEYA,Aanjaneya Lifecare Ltd,FINAVENTURE CAPITAL LIMITED,SELL,77000,522.30,- 25-JUL-2012,ADVANTA,Advanta India Limited,ACACIA BANYAN PARTNERS,SELL,102000,475.00,- 25-JUL-2012,ADVANTA,Advanta India Limited,ACACIA CONSERVATION FUND LP,SELL,169000,475.00,- 25-JUL-2012,ADVANTA,Advanta India Limited,ACACIA INSTITUTIONAL PARTNERS LP,SELL,147000,475.00,- 25-JUL-2012,ADVANTA,Advanta India Limited,ACACIA PARTNERS L.P,SELL,233525,475.00,- 25-JUL-2012,ADVANTA,Advanta India Limited,ACACIA II PARTNERS L.P,SELL,12000,475.00,- 25-JUL-2012,AKZOINDIA,Akzo Nobel India Limited,ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD.,SELL,600000,920.00,- 25-JUL-2012,HDIL,Housing Development and I,GENUINE STOCK BROKERS PVT LTD,SELL,2124627,72.78,- 25-JUL-2012,HOTELRUGBY,Hotel Rugby Ltd.,SAVITRIDEVI JAIPRAKASH AGARWAL,SELL,88261,13.70,- 25-JUL-2012,IMPAL,India Motor Parts and Acc,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,28961,876.24,- 25-JUL-2012,IMPAL,India Motor Parts and Acc,MULTIPLEX CAPITAL LTD.,SELL,22421,885.33,- 25-JUL-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,SELL,21280698,13.04,- 25-JUL-2012,SIMBHSUGAR,Simbhaoli Sugars Limited,PEARL INNOVATIVE MARKETING PRIVATE LIMITED,SELL,150000,33.05,-
BSE Bulk Deals to Watch - July 25 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 25/7/2012 590116 7SEAS TECH MEENU JAINBHANSHALI S 47405 36.13 25/7/2012 526347 ACCLAIM IND SANTOSH RANGA B 35000 34.00 25/7/2012 526347 ACCLAIM IND KRUSHNAKUMAR GURUVACHAN BRAHMBHATT B 25000 32.83 25/7/2012 526347 ACCLAIM IND CEEPLAST TRADING COMPANY PRIVATE LIMITED B 25000 34.00
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