Weekly Wrap - Dec 2 2012

 Weekly Wrap - Dec 2 2012

India Insurance

 India Insurance

China's Big Bang

China's Big Bang

Auto, cement stocks in focus on monthly sales data

Results of monthly surveys on manufacturing and services sectors and automobile and cement sales data for November 2012 will be focus next week. Auto and cement stocks will be focus as companies from these two sectors will start unveiling monthly sales data for November 2012 from Saturday, 1 December 2012. Markit Economics will unveil HSBC India Manufacturing PMI, which gauges the business activity of India's factories, for November 2012 on Monday, 3 December 2012. The HSBC manufacturing purchasing managers' index (PMI) had nudged up to 52.9 in October 2012 from 52.8 in September 2012. The index has remained above 50, which divides growth and contraction, for over three and a half years.

Sensex, Nifty attain highest closing level in over 19 months

Key benchmark indices surged to attain their highest closing level in more than 19 months, with investor sentiment boosted by gains in global markets. The barometer index, BSE Sensex, was up 168.99 points or 0.88%, up 153.60 points from the day's low and off 32.80 points from the day's high. Index heavyweight and cigarette maker ITC edged lower in volatile trade. Another index heavyweight Reliance Industries (RIL) also edged lower in volatile trade. The market breadth was positive. Ten of the 13 sectoral indices on the BSE logged gains. Indian stocks rose for the fourth straight trading session today, 30 November 2012. The Sensex has jumped 833.33 points or 4.5% in four trading sessions from a recent low of 18,506.57 on 23 November 2012. The index surged 834.52 points or 4.5% in November 2012. The Sensex has surged 3,884.98 points or 25.13% in calendar 2012 so far (till 30 November 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 4,204.04 points or 27.77%.

Market settles at over 19-month high; Sensex crosses 19,000 mark

The market settled at over 19-month closing high on hopes that the government would be able to push through a host of reforms measures during the current session of Parliament. Affirmative statement about the Indian economy from ratings agency Moody's also helped the market edge higher. The week's rally was also supported by news that Greece will get bailout fund from the troika of international lenders comprising the European Union, the European Central Bank and the International Monetary Fund (IMF). The BSE Sensex surged 833.33 points or 4.50% to 19,339.90 in the week ended Friday, 30 November 2012, its highest closing level since 27 April 2011. The 50-unit S&P CNX Nifty rose 253.25 points or 4.50% to settle at 5879.85, its highest closing level since 21 April 2011.

India Strategy, India Cement

 India Strategy, India Cement 

Stock Returns

Stock Returns

India Consumer - HUL, ITC, Marico

 India Consumer - HUL, ITC, Marico 

On Facebook or Twitter?

On Facebook - http://facebook.com/deadpresident

On Twitter - http://twitter.com/deadpresident

Reliance Industries

 Reliance Industries 

REC Tax Free Bonds - Dec 2012

Issue period: 3 December 2012 to 10 December 2012

Issue Highlights:

• Issue of Tax Free Secured Redeemable Non Convertible Bonds
• Issue Size: Rs 1,000 Crore with an option to retain oversubscription upto Rs 4,500 Crore
• Additional Coupon Rate - Category-IV Applicants - 0.50% p.a.
• REC is one of only 16 Indian PSUs granted "Navratna" status
• 66.80% shareholding held by Govt. of India as on 31 Sep 2012
• When Bonds held by the original allottees of Category IV are sold / transferred, coupon rate will be revised to the coupon rate for Category I, II & III investors. Refer to details.
• Application cannot be made by Non-resident Indians and Foreign nationals.

Key Benefits:

• The income from interest on these Bonds is fully exempt from Income Tax and no TDS is applicable.
• Wealth Tax is not levied on investment in bonds under section 2(ea) of the Wealth-tax Act, 1957.
• Credit Ratings indicating highest safety: AAA by CARE and ICRA, AAA/Stable by CRISIL.
• The Bonds shall be listed and can be traded on BSE and NSE.
• No upper limit on investment amount.
• No lock in period for the Bonds.

Terms of the Issue:

Particulars	Issue Details
Face Value per Bond	Rs 1,000
Tenor	10 years	15 years
Minimum Application	Rs 5,000 (in multiples of Rs 1,000 thereafter)
Coupon Rate % p.a. (Category I, II and III)	7.22	7.38
Additional Coupon Rate % p.a. (Category IV)	0.50	0.50
Total Coupon Rate % p.a. (Category IV)	7.72	7.88
Effective yield % p.a. (Category I, II and III)	7.22	7.38
Effective yield % p.a. (Category IV)	7.72	7.88
Frequency of Interest payment (Paid on 1st December)	Annual	Annual
Issuance	Physical and Demat mode
Interest on application % p.a.	As per coupon rate applicable to investor category
Interest on refund % p.a.	5.00
Redemption Date	10 years from Deemed Date of Allotment	15 years from Deemed Date of Allotment
Redemption Amount	Repayment of the face value with interest

Issue Structure:

Investor Category	I - Institutional	II - Non Institutional	III - HNI (more than 10 lacs)	IV - Retail (upto and including 10 lacs)
Issue allocation	15%	15%	40%	40%
*Basis of allotment: on first come first serve basis

India 2013 - Lucky or Unlucky?

India 2013 - Lucky or Unlucky? 

Bharti Airtel

Bharti Airtel

India Strategy, ONGC, Cement, Energy

 India Strategy, ONGC, Cement, Energy