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Saturday, June 09, 2012
Market likely to be volatile
The market is likely to be volatile next week as investors brace for major global events over the next few days. On the macro front, the government will announce data on industrial production (IIP) for the month of April 2012 on Tuesday, 12 June 2012. The government will announce inflation data for the month of May 2012 on Thursday, 14 June 2012. Data on first installment of the advance tax payment due on Friday, 15 June 2012, could provide cues on Q1 June 2012 corporate earnings. Investors will closely watch how monsoon progresses in the country. A good monsoon can help increase farm output, which can ease food inflation and boost agricultural income. On 5 June 2012, the monsoon arrived in Kerala four days after the usual arrival date as a cyclone on the west coast stalled the onset. Investors will also watch movement in crude oil prices. India imports two-thirds of its oil consumption, so a rebound in oil prices will hurt its fiscal and trade balance negatively. Crude for July delivery was down 2.97% to $82.30 a barrel in Asian trading on Friday, 8 June 2012. Over the next few days, the focus will be on the Reserve Bank of India's (RBI) mid-quarter monetary policy review scheduled on 18 June 2012. Investors are hoping that the RBI will cut interest rates to prop up slowing economy after data released by the government last week showed India's economy grew 5.3% in Q4 March 2012, its slowest pace of expansion in nearly a decade. On the global front, Greek voters return to the polls on 17 June 2012 after the splintered results of a May 6 parliamentary election left no party able to put together a government.
Market spurts on rate cut hopes
The market spurted last week on hopes that the Reserve Bank of India (RBI) will cut interest rates at mid-quarter monetary policy review on 18 June 2012 to prop up slowing economy. The market sentiment also got a boost after Prime Minister Manmohan Singh on Wednesday, 6 June 2012, announced a big push to the infrastructure sector to revive sagging economic growth. The barometer index, BSE Sensex rose 753.71 points or 4.72% to 16,718.87. The 50-unit S&P CNX Nifty rose 226.75 points or 4.68% to 5,068.35. The BSE Mid-Cap index rose 2.86% and the BSE Small-Cap index rose 2.13%. Both these indices underperformed the Sensex. Foreign institutional investors (FIIs) sold shares worth net Rs 1807.70 crore in June 2012 so far (till 6 June 2012). FIIs sold shares worth net Rs 347.10 crore in May 2012. They had sold shares worth net Rs 1109.10 crore in April 2012. FIIs have bought shares worth net Rs 40686.70 crore in calendar 2012 so far (till 6 June 2012). FIIs had offloaded shares worth a net Rs 2714.20 crore in 2011.
Sensex, Nifty scale 4-1/2-week highs on rate cut hopes, PM's infra push
Key benchmark indices rose for the fifth straight trading session and attained their highest closing level in 4-1/2 weeks on hopes the Reserve Bank of India (RBI) will cut interest rates at mid-quarter monetary policy review on 18 June 2012 to prop up slowing economy. Prime Minister Manmohan Singh's announcement of a big push to the infrastructure sector on Wednesday, 6 June 2012, to revive sagging economic growth, aided the rally on the domestic bourses. The 50-unit S&P CNX Nifty regained the psychological 5,000 mark, after falling below that level in intraday trade. The barometer index, BSE Sensex, rose 69.82 points or 0.42%, up close to 235 points from the day's low and off close to 50 points from the day's high. Indian shares gained for the fifth straight trading session today, 8 June 2012. The Sensex has risen 753.71 points or 4.72% in five trading sessions from a recent low of 15,965.16 on 1 June 2012. The Sensex has risen 500.34 points or 3.08% so far in this month (till 8 June 2012). The barometer index has gained 1,263.95 points or 8.17% in calendar 2012 so far (till 8 June 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,583.01 points or 10.45%. From a 52-week high of 19,131.70 on 8 July 2011, the Sensex has lost 2412.83 points or 12.61%.
Friday, June 08, 2012
Thursday, June 07, 2012
Reliance AGM Highlights
Here are the highlights from Mukesh Ambani’s speech at the meeting: Transformation at RIL is about institutionalising the capabilities of our people. Transformation will create a robust process-driven organization that will outperm the global years. Partnerships will be an important feature of future growth. Internation biz environment more challenging today than any time in history. Gro-political changes leading to supply challenges have added to our troubles, but despite this RIL has grown stronger. High domestic inflation, adverse forex movements and slowdown in growth have impacted the company’s performance. India is poised to be one of the growth engines of the world. RIL’s investments in petchem will meet India’s growing needs. New investments in communication will create new waves of growth for the company and the country. We have created value by consistent profitable growth in the company. Lower-than-anticipated production have had an impact on the company’s profits. RIL is reinvesting cash flows in new projects, which will fuel growth over the next few years. Petrochemicals has been the foundation of the company’s growth over the last 34 years. Reliance has delivered 21.6% CAGR since its IPO in 1977-78. Rs 1,000 invested in IPO has grown to Rs 7,78,215.
BSE Bulk Deals to Watch - June 7 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 7/6/2012 503675 Agarwal Hold SARSWATI VINCOM LIMITED B 250000 57.74 7/6/2012 521097 Amarjothi Spin PREMCHANDER R . B 607500 46.90 7/6/2012 521097 Amarjothi Spin AMARJOTHI COLOUR S 607500 46.90 7/6/2012 521131 Anjani Dham Inds MALAY CORPORATE SERVICES PVT LTD B 77080 9.94 7/6/2012 533270 Bedmutha Inds CERDO SECURITIES PRIVATE LIMITED S 120224 14.95
NSE Bulk Deals to Watch - Jun 7 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks 07-JUN-2012,JISLJALEQS,Jain Irrigation Systems L,MACQUARIE BANK LIMITED,BUY,4416577,74.20,- 07-JUN-2012,JKIL,J.Kumar Infraprojects Lim,M/S MENTOR CAPITAL LIMITED,BUY,300000,160.50,- 07-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,BUY,15568036,13.27,- 07-JUN-2012,AANJANEYA,Aanjaneya Lifecare Ltd,JHELUM HOLDING PRIVATE LIMITED,SELL,72108,506.98,- 07-JUN-2012,JISLDVREQS,Jain DVR Equity Shares,SMALL CAP WORLD FND INC,SELL,246871,35.62,- 07-JUN-2012,JISLJALEQS,Jain Irrigation Systems L,FUNDAMENTAL INVESTORS INC,SELL,4416577,74.20,- 07-JUN-2012,JKIL,J.Kumar Infraprojects Lim,AASHIRWAD VINCOM PRIVATE LIMITED,SELL,300000,160.50,- 07-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,SELL,16049644,13.28,-
Sensex up for 4th day; ends 195 points higher
The Indian markets stayed higher all throughout the day for the fourth consecutive day and ended the session on a positive note. The Sensex closed 195 points higher while the Nifty surged 53 points. Headlines of the Day SBI sheds deposit rates by 25 bps PM makes an effort to motivate Infra projects RIL aims to outperform global peers MRPL gains as K'taka govt sanctions incentive package Rallis India gains on Rakesh Jhunjhunwala stake buy
Interest rate sensitive stocks lead rally
Key benchmark indices attained their highest closing level in nearly 4-1/2 weeks after Prime Minister Manmohan Singh after trading hours on Wednesday, 6 June 2012, announced a big push to the infrastructure sector to revive sagging economic growth. The 50-unit S&P CNX Nifty regained the psychological 5,000 mark. The barometer index, BSE Sensex, jumped 194.75 points or 1.18%, up about 129 points from the day's low and off close to 32 points from the day's high. Gains in world stocks underpinned sentiment. Indian shares gained for the fourth straight trading session today, 7 June 2012. The Sensex has risen 683.89 points or 4.28% in four trading sessions from a recent low of Rs 15,965.16 on 1 June 2012. The barometer index has gained 1,194.13 points or 7.73% in calendar 2012 so far (till 7 June 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,513.19 points or 10%. From a 52-week high of 19,131.70 on 8 July 2011, the Sensex has lost 2482.65 points or 12.98%. Coming back to today's trade, index heavyweight Reliance Industries (RIL) edged higher after RIL chairman Mukesh Ambani said at the company's Annual General Meeting today, 7 June 2012, that RIL is targeting to double its operating profit in about five years. Engineering and construction major L&T moved up after the company announced new orders. FMCG stocks rose on arrival of monsoon in Kerala early this week. Metal stocks gained on hopes for Chinese policy-easing. The market breadth was positive.
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