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Saturday, August 25, 2012
Nifty slips below 5400 on global carnage
The markets remained under pressure for the entire day on account of weak global cues. The Sensex ended 67 points lower while the Nifty fell 29 points in trade today. Major Headlines for the day: India's oil import bill zooms by 43% at Rs726,386 cr in FY12 2G Scam: SC gives green signal to Chidambaram SBI expects Rs4K crore capital infusion IFCI hits monthly low after govt raises stake to 55.57%
Market gains for 4th straight week
The market edged higher for the fourth consecutive week as world stocks rose on speculation policy makers in the US and China will ease monetary policy to boost growth in the world's two biggest economies. However, gains were capped as rally in the global markets fizzled out on Friday, 24 August 2012, after a US Federal Reserve official threw cold water on the notion that another round of stimulus from the Federal Reserve is on its way. The BSE Sensex rose 92.13 points or 0.52% to 17,783.21. The 50-unit S&P CNX Nifty rose 20.40 points or 0.38% to settle at 5,386.70. The BSE Mid-Cap index fell 0.63% and the BSE Small Cap index fell 0.61%. Both these indices underperformed the Sensex. '
RPower gains after strategic pact with Chinese power major
Key benchmark indices edged lower in choppy trade to reach one-week closing lows as investors grew gloomy about the health of the global economy and after a Federal Reserve official threw cold water on the notion that another round of stimulus from the Federal Reserve is on its way. The barometer index, BSE Sensex, lost 67.01 points or 0.38%, off close to 40 points from the day's high and up about 60 points from the day's low. The market breadth was negative. Reliance Power (RPower) edged higher after the company signed an initial agreement with China Datang Corporation to develop and operate power and other energy projects in India and overseas. The Sensex has gained 547.03 points or 3.17% in this month so far (till 24 August 2012). The Sensex has jumped 2,328.29 points or 15.06% in calendar 2012 so far (till 24 August 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,647.35 points or 17.49%. From a 52-week high of 18,523.78 on 22 February 2012, the Sensex has lost 740.57 points or 3.99%.
Market may remain volatile as August F&O contracts expire
The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near-month August 2012 series to September 2012 series. The August 2012 derivatives contracts expire on Thursday, 30 August 2012. The quantum and distribution of rains towards the close of the crucial month of August, Q1 June 2012 GDP data, news out of Greece, a speech of Federal Reserve Chairman Ben Bernanke, and outcome of the monthly policy meetings of European Central Bank (ECB) and Bank of England in early September 2012 will determine the near term trend on the bourses.
Thursday, August 23, 2012
BSE Bulk Deals to Watch - Aug 23 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 23/8/2012 524412 Aarey Drugs DEEPIKA JASMIN SHAH B 81238 35.71 23/8/2012 524412 Aarey Drugs DEEPIKA JASMIN SHAH S 78840 35.35 23/8/2012 514332 Anuvin Inds PRIYAL CHETAN KOTHARI S 50000 10.58 23/8/2012 590033 APW President APW ELECTRONICS GROUP LIMITED S 35000 206.69 23/8/2012 524760 Arvind Intl-$ HARJEET SINGH B 100000 15.50 23/8/2012 503722 Banswara Syn-$ SUCHITA BHANDARI B 100759 68.87 23/8/2012 503722 Banswara Syn-$ PINKY EXHIBITORS PRIVATE LIMITED S 91934 68.91
Markets end flat; IT stocks outperform, Gold hits all time high
The Indian markets trimmed most of its gains to end flat in trade today as profit booking weighed on the market sentiment. Both BSE and NSE shut shop nearly 3 point higher. Major Headlines Shree Cement hits 52-week high on strong Q1 nos IT sector tops the sectoral list RCom hits 52-week low Gold shines to record high of Rs31,029
Revival in monsoon boosts FMCG shares
Shares of seven FMCG shares rose by 0.05% to 4.08% at 15:19 IST on reports of revival of monsoon rains this month. Marico (up 4.08%), Nestle India (up 2.06%), Hindustan Unilever (up 1.36%), ITC (up 0.9%), Jubilant FoodWorks (up 0.56%), Dabur India (up 0.13%) and Colgate-Palmolive (India) (up 0.05%), edged higher. The BSE FMCG index was up 0.78% at 5,277.14 . It outperformed the Sensex, which was down 0.06% at 17,835.72. The BSE FMCG index had outperformed the market over the past one month until 22 August 2012, rising 6.04% compared with the Sensex's 4.01% rise. The index had also outperformed the market in past one quarter, gaining 13.80% as against 11.36% rise in the Sensex. India's monsoon rains were slightly below average in the past week, but heavy downpours in Rajasthan eased fears of a repeat of the widespread drought that gripped the country three years ago. According to reports, overall rainfall deficit has narrowed from 36% earlier to 15% in the last few days, which has pushed up sowing of rice and cotton over their normal acreage. The monsoon rains--which make up around 70% of India's annual rainfall--are crucial to the nation's agriculture sector and broader economy. More than 60% of the country's farmland is rain-fed. The timing, distribution and quantity of rainfall are all important for crops. The four-month southwest monsoon season that starts from June accounts for almost 70% of total annual moisture that Indian soil receives in a year. FMCG firms derive substantial revenue from rural sales
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