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.

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

IT stocks reboot on expectations of Fed stimulus for US economy

Key benchmark indices eked out marginal gains in volatile trade as world stocks rose amid hope weak Chinese manufacturing data could lead to fresh monetary easing from Beijing. Expectations of a possible further monetary policy easing from the US central bank aided gains on the bourses as minutes from the US Federal Reserve meeting on July 31-Aug. 1 showed that the central bank's policy committee discussed a third round of quantitative easing. US is the world's biggest economy and China is the second biggest. The Indian government's announcement on Wednesday of easing of rules regarding overseas borrowing by local companies also aided gains on the domestic bourses. The barometer index, BSE Sensex, advanced 3.38 points or 0.02%, off about 120 points from the day's high and up close to 60 points from the day's low. The market breadth was negative.

Reliance Industries

 Reliance Industries

Infosys Technologies

 Infosys Technologies

Sensex consolidates as global stocks cool off

After Tuesday’s smart rally, the Indian equity markets ended with modest losses amid weakness in global markets and due to concern about the fate of pending reforms. It was a listless session, as market participants looked for fresh catalysts to push the main indices higher from here on. The NSE Nifty did manage to surge past the previous day’s high though. However, the Nifty was stuck in a ~30-point trading band throughout the session. The index held on to the 5400 mark after opening below the crucial level, but was unable to surge past 5440. The Sensex ended at 17,846, down by 38 points or 0.2% over the previous close. It had earlier touched a day’s high of 17,912 and a day’s low of 17,800. It opened at 17,827.

BSE Bulk Deals to Watch - Aug 22 2012

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 22/8/2012 512161 8K Miles Software VEDAWALA SANGITABEN PARESHKUMAR S 98434 22.40 22/8/2012 524412 Aarey Drugs DEEPIKA JASMIN SHAH B 158569 33.27 22/8/2012 504629 Anil Special-$ MAHALAXMI SAWS PRIVATE LIMITED S 111609 4.83 22/8/2012 514332 Anuvin Inds HEMANT B DESAI S 50000 10.79 22/8/2012 530233 Auro Lab SNEHALATHA SINGHI S 41322 6.55 22/8/2012 532797 Autoline Inds CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 131757 188.99 22/8/2012 532797 Autoline Inds V N G IMPEX PVT LTD B 83265 185.39 22/8/2012 532797 Autoline Inds AARKEN ADVISORS PRIVATE LIMITED S 70000 185.40

Mkts end flat with no major action; Bharti Airtel hogs the limelight

The Indian market closed today's trading session in the negative zone backed by weak domestic and global cues. The Sensex closed 38.40 points lower while the Nifty fell 8.15 points. Major Headlines of the Day: Bharti Airtel gets 2nd downgrade Just Dial files for IPO; plans to sell 9.55 million shares AGC Networks rallies 41% in past 1-month NSE removes NCC, SCI, South Indian Bank, Central Bank from F&O

Market snaps two day winning streak

Key benchmark indices snapped two day winning streak as global shares slipped on Wednesday as investors weighed up whether signs of progress in the euro zone debt crisis warranted the recent surge and as Japan's wider-than-expected trade deficit in July provided a reminder of the problems facing top economies. The barometer index, BSE Sensex, was down 38.40 points or 0.21%, up close to 45 points from the day's low and off about 65 points from the day's high. The market breadth turned negative form positive in late trade. Index heavyweight and cigarette maker ITC edged higher in volatile trade. Another index heavyweight Reliance Industries (RIL) edged lower in volatile trade. From a recent low of 17,657.21 on 16 August 2012, the Sensex rose 228.05 points or 1.29% in two trading sessions to settle at 17,885.26 on 21 August 2012. The Sensex has gained 610.68 points or 3.54% in this month so far (till 22 August 2012). The Sensex has jumped 2,391.94 points or 15.47% in calendar 2012 so far (till 22 August 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,711 points or 17.91%. From a 52-week high of 18,523.78 on 22 February 2012, the Sensex has lost 676.92 points or 3.65%.

Hattrick of marginal gains for Indian markets

The Indian markets registered marginal gains in a truncated week with the Sensex rising 0.76% and the Nifty up by 0.86% for the week ended August 17, 2012. Major Headlines of the week Inflation for July at 6.87% vs 7.25% in June India’s export slips 14.8% in July this year PMEAC lowers 2012-13 GDP forecast to 6.7% Jet fuel price up 3.2%; 3rd straight hike since July RBI should pay 7% interest on CRR deposits: Fin Ministry

Market may consolidate

The market may consolidate in a truncated week ahead amid lack of major triggers in the near term. The stock markets remains closed on Monday, 20 August 2012, on account of Ramzan Id. The progress of monsoon rains will be closely watched. 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 India Meteorological Department (IMD) expects normal rains in August -- a critical month for summer crops. It expects rainfall to be 5-6% below average in September due to the possibility of El Nino. The weather office expects rainfall during August-September to be 91% of the long-term average.

IT, FMCG stocks advance

Key benchmark indices eked out small gains in choppy trade as euro zone debt worries eased after German Chancellor Angela Merkel on Thursday, 16 August 2012, said Germany will do whatever it can to keep the euro. The market sentiment was also boosted by data showing that foreign funds remained buyers of Indian stocks on Thursday, 16 August 2012. The barometer index, BSE Sensex, advanced 33.87 points or 0.19%, off 110.31 points from the day's high and up 68.46 points from the day's low. FMCG stocks rose on renewed buying, with Hindustan Unilever (HUL) and Bajaj Corp scaling record high and Tata Global Beverages hitting 52-week high. Index heavyweight and cigarette maker ITC recovered from Thursday's slide. IT stocks rose after tech-heavy Nasdaq Composite index rose 1% on Thursday, 16 August 2012. The Sensex has gained 454.90 points or 2.63% in this month so far (till 17 August 2012). The Sensex has jumped 2,236.16 points or 14.46% in calendar 2012 so far (till 17 August 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,555.22 points or 16.88%. From a 52-week high of 18,523.78 on 22 February 2012, the Sensex has lost 832.70 points or 4.49%.

Dish TV, Den Networks, Telecom, Hathway

Dish TV, Den Networks, Telecom, Hathway