India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Monday, June 11, 2012
Big drop for red metal on Friday
Prices dragged down by concerns about slowing economic growth in China Comex copper ended lower on Friday, 08 June 2012. London copper hit a six-month low on Friday, dragged down by concerns about slowing economic growth in top consumer China and the lack of imminent measures to boost the U.S. economy. Three-month copper on the LME fell to as low as $7,264.25 a tonne. It ended lower by 2.8% at $7,284 a tonne on Friday. At Comex, July copper dropped nearly 9 cents, or 2.5%, to close at $3.29 a pound. Prices ended 0.6% lower than the week-ago closing level.
Crude slips due to worries about global oil demand
Prices register weekly gains for the first time in six weeks Crude oil prices at Nymex finished lower for the day on Friday, 08 June 2012, but gained on the week as traders worried about global oil demand and supplies ahead of a spate of Chinese economic data during the weekend and an OPEC meeting next week. Prices registered weekly gains for the first time in six weeks. Light, sweet crude-oil futures for July delivery shed 72 cents, or 0.9%, to settle at $84.10 a barrel on the New York Mercantile Exchange on Friday. For the week, prices finished 1% higher. Prices also fell due to a stronger dollar. The dollar index, which weighs the strength of the dollar against a basket of six other currencies rose by 0.3%.
Mixed finish for bullions
Gold manages to eke out gains but silver drops on Friday Precious metals ended mixed at Comex on Friday, 08 June 2012. Gold futures finished lower for the week on Friday, 08 June 2012 as recent comments by the top U.S. central banker squashed hopes of immediate stimulus lifting the dollar. Gold, however, ended Friday's session on a positive note, with traders unwilling to short the metal ahead of a weekend of potential gold market-moving developments. But silver prices ended lower for the day. Gold for August delivery tacked on $3.40, or 0.2%, to settle at $1,591.40 an ounce on the Comex division of the New York Mercantile Exchange, rebounding after touching a low of $1,556.40 on Friday. Prices ended 1.9% lower for the week. July silver fell 6 cents, or 0.2%, to $28.47 an ounce on Friday, finishing 0.1% lower for the week.
Saturday, June 09, 2012
NSE Bulk Deals to Watch - June 8 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks 08-JUN-2012,HDIL,Housing Development and I,GENUINE STOCK BROKERS PVT LTD,BUY,4698294,70.68,- 08-JUN-2012,IVRCLINFRA,IVRCL Limited,ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED,BUY,1427725,45.32,- 08-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,BUY,12946935,13.15,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,SUNEETA SETH,BUY,452712,9.97,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,THETA INVESTMENT (P) LTD,BUY,476634,9.94,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,UDIT SETH,BUY,425575,10.00,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,VARUN SETH,BUY,344181,10.00,- 08-JUN-2012,ARSSINFRA,ARSS Infra Proj. Ltd,IFCI LTD.,SELL,117204,56.39,- 08-JUN-2012,HDIL,Housing Development and I,GENUINE STOCK BROKERS PVT LTD,SELL,4698294,70.70,- 08-JUN-2012,IVRCLINFRA,IVRCL Limited,ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED,SELL,1430673,45.33,- 08-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,SELL,12599707,13.16,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,EMPEROR TRAVELS ## TOURS P LTD.,SELL,476634,9.94,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,GAMA INVESTMENTS PRIVATE LIMITED,SELL,425575,10.00,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,MADHU SETH,SELL,354462,9.96,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,PEARL ENGINERING POLYMERS LIMITED,SELL,344181,10.00,-
Financial inclusion and financial literacy should go hand in hand: RBI
James Crabtree, Chief Mumbai Correspondent, Financial Times, Uttam Nayak, Group Country Manager, South Asia, Visa Inc, Thomas Davenport, Director, South Asia, IFC, Ms. Nirupama Soundararajan, Additional Director, FICCI, Ms. Jayshree Vyas, Managing Director, SEWA Bank, distinguished guests, members of the press, ladies and gentlemen. It is my pleasure to be present here today to address this august gathering to deliberate on the challenge of financial education across emerging economies. Financial Literacy, together with Financial Inclusion and Consumer Protection form a triad which has a vital bearing on the stability of the financial system. Financial literacy is one of the major challenges facing countries across the globe, irrespective of their level of economic development and has been receiving significant attention from policy makers worldwide. I would, therefore, like to congratulate Financial Times and Visa for taking initiative by organizing this financial literacy forum and bringing together thinkers, policy makers and market practitioners to deliberate on how to enhance the effectiveness of our financial literacy efforts. When we talk about financial literacy, we are usually referring to a set of skills that allow people to manage their money wisely along with some understanding of essential financial concepts, not least an appreciation of the trade-off between risk and return. Financial Literacy is not just about markets and investing, but also savings, budgeting, financial planning, basics of banking and most importantly, about being "Financially Smart". To understand financial planning, a person should be financially literate and be able to understand the importance of preparing household budgets, cash-flow management and asset allocation to meet financial goals. Hence, the foundation of financial literacy needs to be laid by inculcating financial prudence through education at the school level.
Weekly Stock Picks - June 9 2012
Buy BF Utilities Buy McLeod Russel Buy BGR Energy Buy MOIL Buy Crompton Greaves
Weekly Newsletter - June 9 2012
It was a pretty good week for equities, as desperate investors snapped up beaten down shares on hope of emergency monetary action. While the Australian and Chinese central banks did cut rates, lack of commitment from the ECB and the Fed left investors dismayed. Another wave of dismal economic reports out of the eurozone coupled with yet another downgrade for Spain failed to influence the investors. However, things did cool down substantially on Friday in the wake of Fed chairman Ben Bernanke’s snub. The Chinese rate cut triggered speculation about Saturday’s data points. Tension also prevails over the precarious fiscal health of Spain and its fragile banks. Greek elections on June 17 will start playing on investors’ minds from next week. The following couple of weeks also has key events lined up, especially the FOMC meet and G-20 summit. For India, next week will be important, as the Government will release the latest IIP and inflation reports. The two data points could well have a bearing on the outcome of the RBI’s June 18 policy meeting.
Stimulus hopes spark global rally...But ECB, Bernanke disappoint
Global markets witnessed a secular rally, as investors bet on coordinated action from policymakers, including central banks, to try and turn around the sagging fortunes of the global economy. Investors resumed their risky bets on hopes that the ECB and Federal Reserve will unveil fresh monetary stimulus to mitigate the impact from the simmering eurozone debt crisis. The ‘risk-on’ rally came in the aftermath of a downbeat report on new job additions in the US, raising expectations of QE3 from the Fed. The Group of Seven (G-7) leaders held a tele-conference to discuss the ongoing troubles in Europe. However, they didn’t come up with any new measures to dispel the atmosphere of gloom. Economic statistics from Europe continued to be disappointing while widely tracked service sector readings in the US and China showed some promise. Meanwhile, Spain sent a distress signal about the impact of the country's banking crisis on government borrowing, saying Madrid was losing access to credit markets at current rates. It urged Europe to help revive its troubled banks. The debt-ridden Spain still managed to meet its target for debt auction rather comfortably, sending yields on its 10-year benchmark sovereign bonds lower. That didn’t prevent Fitch Ratings from cutting Spain’s credit rating by three notches. Spanish officials could make a request for outside aid for its troubled banking sector as soon as this weekend, according to media reports. Separately, Moody's Investors Service downgraded the credit ratings of several German banks, citing increased risk of further shocks emanating from the eurozone debt crisis and their limited loss-absorption capacity. The European Central Bank (ECB) President Mario Draghi said that officials stand ready to act as the euro region’s growth outlook worsens. Draghi stressed the limitations of his current policy tools, from standard interest-rate cuts to bond-buying and liquidity injections (LTRO). Draghi also questioned the effectiveness of cutting rates further and flooding financial market with even more liquidity (LTRO). He said ECB’s main job is to ensure stable prices. Across the Atlantic, Draghi’s counterpart in the US, the Federal Reserve Chairman Ben S. Bernanke too refused to oblige the markets by not committing to a QE3. He told the Congress that the US central bank stands ready to act, but gave no indication that additional easing is imminent. Bernanke’s rebuff soured the sentiment globally, with investors reversing of the risky bets taken earlier in the week. Even China’s surprise rate cut failed to propel the markets higher on Friday. Next weekend will be critical for the global markets as the beleaguered Greece holds another election. It has been billed as a 'make-or-break' election for Greece. The outcome may well decide the debt-stricken country’s fate within the euro currency bloc. Hence, it pays to be cautious and wait till the important events lined up for this month pass by. Markets will also pay attention to important set of Chinese data due to be released on Saturday. For India, the next big event is on June 18, when the RBI will take a call on interest rates. Expectations of a 25-bps cut in the repo rate have been building ever since the Government released the dismal Q4 GDP data. A steep drop in global commodities, especially crude oil, has given some elbow room to the RBI to try and stimulate the sliding Indian economy. Markets will surely be disappointed if the RBI maintains a status quo on rates.
Weekly: Nifty jumps 5% on rate cut speculation
It was a wonderful week as desperate investors snapped up beaten down shares on hope of emergency monetary action. While the Australian and Chinese central banks did cut rates, lack of commitment from the ECB and the Fed left investors dismayed towards the end. Another wave of dismal economic reports out of the eurozone coupled with yet another downgrade for Spain failed to reduce the enthusiasm. However, things did cool down substantially on Friday in the wake of Fed chairman Ben Bernanke’s snub. The NSE Nifty surged ~5% this week to close at 5068, while the Sensex jumped 4.7% to close at 16719. The Banking, Auto, Realty and the Oil & Gas stocks were among the top gainers. The Chinese rate cut triggered speculation about Saturday’s data points. Tension also prevails over the precarious fiscal health of Spain and its fragile banks. Greek elections on June 17 will start playing on investors’ minds from next week. The following couple of weeks also has key events lined up, especially the FOMC meet and G-20 summit. For India, next week will be important, as the Government will release the latest IIP and inflation reports. The two data points could well have a bearing on the outcome of the RBI’s June 18 policy meeting. Also Read...Nifty closes above 5050...Sensex rises on late recovery Sensex top gainers: The top gainers in the Sensex were Reliance Infra (up 17%), Larsen & Toubro (up 15.4%), Reliance Capital (up 13.8%), Reliance Power (up 10.3%) and Hero Motocorp (up 10.1%). Sensex losers: Ranbaxy Labs lost 0.6% during the week. The BSE IT Index (up 1.2%):The top gainers in the IT sector sector were Financial Tech (up 7.3%), Satyam Computer (up 4.1%), Sasken Communication (up 3.2%), Oracle Financial (up 3.1%) and HCL Tech (up 1.7%)
Monsoon showers bring cheer; Markets end week with 4% gain
This week the Indian markets ended with highest ever weekly gain of 2012, with the Sensex rising 4.72% and the Nifty surging by 4.68%. Major Headlines RBI hints at cut in interest rates India HSBC May services PMI jumps to 3-month high CCI orders on tyre, cement cartels in final stage PM makes an effort to motivate Infra projects RIL aims to outperform global peers Govt drives 5-star Hotels crazy on austerity measures
Subscribe to:
Posts (Atom)