Friday, November 09, 2012
Better trades of the day - Nov 9 2012
Global Cues: The European shares closed lower on Thursday (November 08, 2012), FTSE100 down by 0.27%, CAC40 fell by 0.06% and DAX slipped by 0.39%. The US stocks closed lower on Thursday. Dow Jones down by 0.94% and Nasdaq fell by 1.42%. Events for the day: Results: State Bank of India, Coal India, Tata Steel, PFC, Corporation Bank, CESC, Eicher Motors. Glaxosmithkline Pharmaceuticals, Max India, Tata Chemicals, Apollo Hospitals Enterprises, BPCL, Neyveli Lignite Corporation, HPCL, Pantaloon Retail (India), Videocon Industries, Aurobindo Pharma, Essar Oil, United Spirits, IOC, Suzlon Energy, Sun TV Network, Jindal Steel & Power, Lanco Infratech, Pipavav Defence & Engineering Company, Gitanjali Gems, HDIL. Stock in news: DHFL cuts home loan rates. GTL Infra restructures FCCBs worth $300 mn. DoT starts issuing notices to telcos for false revenue reports. Sun Pharma to buy Dusa for Rs1,250 cr.
Market snaps six-day winning streak
Key benchmark indices edged lower in choppy trade, with investors worried about US and European fiscal health. United States is the world's biggest economy. The barometer index, BSE Sensex, lost 56.15 points or 0.3%, up close to 110 points from the day's low and off about 20 points from the day's high. The market breadth was negative. Index heavyweight Reliance Industries (RIL) cut intraday losses in late trade. Index heavyweight and cigarette major ITC edged lower in choppy trade. Indian stocks today, 8 November 2012, snapped six-day winning streak. The Sensex had jumped 471.56 points or 2.55% in six trading sessions to settle at 18902.41 on Wednesday, 7 November 2012, from a recent low of 18,430.85 on 30 October 2012. The Sensex has surged 3,391.34 points or 21.94% in calendar 2012 so far (till 8 November 2012). The Sensex has gained 340.88 points or 1.84% in first six trading sessions of November month. From a 52-week high of 19,137.29 on 5 October 2012, the Sensex has declined 291.03 points or 1.52%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 3,710.40 points or 24.51%.
Monday, November 05, 2012
Indian markets end with modest gains ahead of US elections
The Indian markets chose to remain subdued on the back global cues ahead of the US Presidential elections. The Sensex and the Nifty rose 7 points each in trade today. Headlines of the day: Reliance Power Q2 consolidated net profit up by 2% Crompton Greaves hits monthly low post Q2 nos CEAT bursts post Q2 nos; stk hits monthly low India's service sector growth for October hits 6 mth low
Market ekes out marginal gains
Key benchmark indices logged marginal gains in a choppy trading session. The barometer index, BSE Sensex, advanced 7.42 points or 0.04%, up 79.62 points from the day's low and off 31.76 points from the day's high. Index heavyweight Reliance Industries (RIL) edged lower in volatile trade. Another index heavyweight and cigarette maker ITC extended gains in late trade. Car major Maruti Suzuki scaled 52-week high. The market breadth was negative. BSE Small-Cap and Mid-Cap indices both edged lower. Indian stocks rose for the fourth straight trading session today, 5 November 2012. From a recent low of 18,430.85 on 30 October 2012, the Sensex has jumped 332.02 points or 1.8% in four trading sessions. The Sensex has surged 3,307.95 points or 21.4% in calendar 2012 so far (till 5 November 2012). The Sensex has gained 257.49 points or 1.39% in first three trading sessions of November month. From a 52-week high of 19,137.29 on 5 October 2012, the Sensex has declined 374.42 points or 1.95%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 3,627.01 points or 23.96%.
Friday, November 02, 2012
Daily News Roundup - Nov 2 2012
L&T Construction has won new orders valued at over Rs10.6bn across various business segments in October. (BL) SAIL expects to expand its production capacity to 18mn tons by the end of current financial year, as it plans to commission two new blast furnaces. (BL) Oil India Ltd has started drilling operations in Gabon, South Africa for hydrocarbon exploration. (BL)
Broadbased recovery…Nifty above 5600 for 2nd day
Finally, the Indian stock market has broken away from the one day up, one day down sequence. The benchmarks have eventually managed to extend its gains for the second consecutive trading session. Markets ended almost near day’s high as participants cheered the PMI data. The HSBC India Manufacturing Purchasing Managers' Index (PMI) a measure of factory production stood at 52.9 in October slightly up from September, when it was 52.8. The upswing was led by a broad based recovery in sectors across the board. The Consumer Durables index, up 5.5% followed by BSE Auto index up 2.2%, BSE Realty index up 1.8%, BSE Power index up 1% and BSE Pharma index up 0.9%.
Markets coming alive
Don’t ask what the world needs. Ask what makes you come alive and go do it. Because what the world needs is more people who have come alive – Howard Thurman. The world seems to be on a gaining spree as far as equity markets are concerned. The Indian indices will continue their winning ways with added momentum today powered by the strong global cues. The HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 52.9 in October slightly up from September, when it was 52.8. Consumer confidence in US climbed last month to a more than four-year high.
Markets give positive start on strong global cues
The Indian markets ring the opening bell in the green terrain as the global peers look supportive. The Sensex and Nifty are trading with good gains. Buying is visible across the board. Among the 13 sectoral indices, the BSE realty is up 1.5%. Metal, capital goods, bankex, power, auto, FMCG and PSU indices are also up around 1% each. The broader markets are in-line with the benchmark indices. The BSE mid-cap and small-cap indices are up 0.7% each. The overall breadth stands positive. From the earnings front, India's third-largest IT services company, Wipro announces its consolidated net profit of Rs1,610 crore for the quarter ended 30th September 2012. At 10.00 am, the Sensex was trading at 18708.85, 148 points higher and the Nifty was trading at 5689, up by 44 points.
Market surges on upbeat US economic data
Key benchmark indices jumped in early trade on upbeat US economic data released overnight. United States is the world's biggest economy. The market breadth was strong. All the 13 sectoral indices on BSE were in green. The barometer index, BSE Sensex, was up 141.78 points or 0.76%, off about 50 points from the day's high and up close to 10 points from the day's low. Index heavyweight, Reliance Industries (RIL) rose after the Ministry of Petroleum & Natural Gas after trading hours on Thursday, 1 November 2012, issued detailed clarification regarding KG-DWN-98/3 block allotted to RIL led consortium. Another index heavyweight and cigarette maker ITC also edged higher in early trade. Godrej Consumer Products rose after company said it has completed the acquisition of 51% stake in Darling Group in Kenya. IT major Wipro gained on good Q2 results. India's largest commercial vehicle maker by sales Tata Motors rose after reporting October sales after trading hours on Thursday. Realty major DLF rose after company said it has received the entire amount from Lodha Developers on sale of a land parcel in Mumbai.
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