Auto Stocks In Top Gear, A Lot Of Rain

The key benchmark indices hit fresh intraday low in morning trade as profit-taking came after recent strong gains. The barometer index BSE Sensex retreated after hitting 4-week high in early trading session. The Sensex fell 43.06 points or 0.25%, about 90 points higher and closer to the day 20 points for the day. Durable consumer goods shares acquired through the joint. Most cars also obtained from the expectations of the rural demand increased after the normal monsoon rains this year, with two large wheels hit a record MotoCorp hero. Index heavyweight Infosys and Reliance Industries fell. The size of the market was very strong.

The market for cutting down the middle of the initial volatility, reversing gains, the largest opening is triggered by the Asian and U.S. companies stock index futures returns. The market hit fresh intraday low in morning trade.

Investors will be eager to see the data for the second quarter in September 2011 the company data in advance tax payments due on September 15, 2011, which can give signals of Q2 September 2011 results.

At 10:20 IST, the BSE Sensex fell 43.06 points or 0.25% to 17,122.48. The index rose 46.26 points to 17211.80 on the day high in early trading, its highest level since August 12, 2011. The index fell 62.35 points to 17,103.19 on the day a bit in morning trading.

The S & P CNX Nifty lost 13.30 points or 0.26% at 5139.95. The Nifty hit a high of 5163.75 and a low of 5133.25 in trade intraday.

Extension of the market, shows the general health of the market was strong. BSE, 1377 shares, 649 shares rose and fell. A total of 74 shares remained unchanged.

Among the 30-share Sensex pack fell 17, while the rest of them have increased. Sterlite Industries, Hindalco Industries and Infosys fell 1.88% to 2.2%. Coal India, Hindustan Unilever and Bharti Airtel rose between 1.31% to 3.21%.

Index heavyweight Reliance Industries (RIL) fell 1.25% to Rs 841.75 on profit-taking after soaring recently. From a recent low of Rs 719.50 August 26, 2011, the population had increased 18.62% to 853.50 rupees, Thursday, September 8, 2011. The stock had gained 2.62% Thursday, September 8, 2011, after the company said it has set a global standard for project completion and cost efficient and competitive capital KG D6 block gas production under the circumstances more difficult. EIR issued the statement during trading hours on Thursday after the Comptroller and Auditor General of India or the CAG said in its final report submitted to parliament Thursday, September 8, 2011, as initially estimated capital costs RIL D-1 and D-3 gas discovery in $ 2.4 million, later revised to 8.8 million.

The report said that the EFI has begun to implement plans for capital expenditures revised before they were approved by the government. The report also found that the EFI does not give up certain areas of lower priority in the KG D6 block, which the government could give to other companies for further exploration.

RIL, said he could not comment on the final report of the CAG of the company has not seen the contents of the final report. RIL said it had already provided detailed comments and opinions of international experts in the ACG project report for the Ministry of oil and natural gas (MOPNG), Directorate General of Hydrocarbons (DGH) and the CAG. RIL said it expects detailed answers and opinions of industry experts has been given due consideration in finalizing the audit report of the CAG.

RIL said it reiterates that the contractor is still required to comply with PSC (Production Sharing Contract) Rules and Procedures, including the adoption of international best practice in the oil industry (GIPIP) in his work. Like many comments on the draft report had raised issues that were technical in nature, the company had offered the CAG a complete and thorough interaction with subject matter experts, RIL said. RIL also said he remains open to such interaction at any time. RIL also said it would continue to cooperate with the Indian Government for consideration under the provisions of the PSC.

Europe’s second largest oil company BP Plc, last month completed the acquisition of a 30% stake in oil and gas blocks 21 which operates in India RIL. BP will pay a total consideration of $ 7.2 billion RIL, subject to adjustments termination of interest to be acquired during the 21 production-sharing contracts, both companies said in a joint statement last month. Additional performance payments up to $ 1.8 billion could be paid based on the exploration success leading to the development of commercial discoveries, the companies said.

Durable consumer goods shares acquired through the joint. Blue Star, Videocon Industries, Rajesh Exports, Gitanjali Gems and Titan Industries rose by between 0.22% to 2.1%.

Most of the cars was driven shares, boost rural demand, following a normal monsoon rains this year. The largest small car maker by sales Maruti Suzuki India India advanced 0.19%, with the stock gaining a second consecutive day. Maruti chairman RC Bhargava said recently that the company is considering building a new plant in Gujarat, and can make the final decision in the next two or three months. He also said that the automaker is also considering a new plant elsewhere in India, but declined to provide information.

Sales dropped 13% to 91,442 Maruti vehicles in August 2011 over August 2010 injured by disruptions in production at the plant in Manesar caused by social movements in late August.

Manufacturer of India’s biggest-selling tractors Mahindra and Mahindra (M & M) increased 0.5%. Mahindra & Mahindra, Thursday, September 8, 2011, introduced a new more expensive version of its Bolero SUV. The company expects to sell over one lakh vehicles Bolero exercise by March, compared with the last 83,112 years. Car sales of M & M rose 30.38% to 37,684 units in August 2011 to August 2010. Xylo manufacturer’s models, Scorpio and Bolero vehicles exported in 1928, up 18% year over year.

Two-wheeler stocks rose on hopes of good sales at Christmas, which began today with Onam. The largest manufacturer of two-wheelers in India by sales rose 2.09% to Hero MotoCorp RS 2216th The stock across a record level of Rs 2,218.50 in intraday trading today, September 9, 2011. Its turnover rose 19% to 5.03 lakh units in August 2011 over August 2010.

India’s second largest manufacturer of two-wheeled Bajaj Auto sales rose 1.38% to SR, the 1648th The stock hit a high of Rs 1,694.90 in intraday trading on September 6, 2011. Total sales of the company rose 16% to 3.82 lakh units recording in August 2011 compared to August 2010. Motorcycle sales increased 17% to 3.38 lakh units recording in August 2011 over August 2010.

Actions based on the southern two-wheelers and three-wheeler manufacturer TVS Motor Company rose 0.66%.

Largest producer of trucks in India, Tata Motors sales declined by 0.25%. Tata Motors sold 64,078 vehicles in August 2011, 3% less than last year. Car sales fell by 33% to 16 829 vehicles, but sales of trucks and buses increased by 21% and 43 045 units. Tata Motors has sold 1,202 units of its Nano minicar in August 2011, a decrease of 85% per year, while its Gujarat plant was closed two weeks for routine maintenance. Exports fell by 18% and 4,204 vehicles.

Foreign institutional investors (FIIs) bought shares worth R 14.14 crore on Thursday, 8 In September of 2011, as the exchange of preliminary data. Industry power was Rs 1999.71 crore in the first days of this month, until September 8, 2011, as the exchange of information.

The six-week session of parliament long monsoon ended Thursday, September 8, 2011, with the passage of only 14 bills in the Lok Sabha, and only nine in the Rajya Sabha because of frequent interruptions and forced adjournments.

Prolonged rainfall in the latter part of the season helped ease concerns that the monsoon this year could fall below the average long term after a brief lull in July, when the country usually receives one third its monsoon rains. The monsoon of 3% on average in the September 7, 2011, the latest data from India Meteorological Department (IMD). Most of the country received an average of above average rainfall this year, but the season was marked by two moments of calm and periods of heavy rain in western and eastern regions.

Although the total rainfall plays an important role in determining agricultural production, the timing and distribution of rainfall is also important to ensure a good harvest. The unusual pattern of rainfall this year could delay the harvest, which affects the yield of summer crops important as rice, oilseeds, sugarcane and cotton. Rice area from 2 September 2011 was 12% from last year to 35.75 million hectares.

A good monsoon season can often be improved farm incomes and the impact on the wider economy by increasing consumption and a reduced price of food. But food prices are not necessarily, if the delays and excessive rains in some areas, affecting hundreds.

Annual food inflation Articles group declined by 9.55% in the week ended August 27, 2011 from 10.05% the previous week, the latest data showed. It ‘was 14.76% in the corresponding period last year. However, inflation in primary articles group rose from 13.34% a week during the period from 12.93% in the week ended August 20, 2011. It ‘was 15.24% in the period a year earlier. Food inflation and Power Group was 12.55% in the week ended Aug. 27, the same as the previous week, the latest data showed. It ‘was 12.61% in week last year.

Reserve Bank of India (RBI) said that the change in the anti-inflation monetary policy is motivated by evidence of a sustainable reduction in inflation. About September 12, 2011, industrial production in July 2011 and September 14, 2011, consumer price inflation in August 2011 to give clues on the likely central bank along the lines of his mid-quarter monetary policy review September 16, 2011. Reserve Bank of India increased its key rate 11 times over the past 18 months to tame high inflation.

Growth of industrial production is up 6.2% in July 2011 increased 8.8% in June 2011, according to the median estimate of 15 economists surveyed by the capital markets. Inflation based on wholesale prices is estimated at 9.6% in August 2011, more than a reading of 9.22% in July 2011, according to the median estimate of 13 economists surveyed by the capital market. Eleven of the twelve economists polled by Capital Markets expected 25 basis points (bps) increase in the repo rate – the key policy interest short-term Reserve Bank of India in its policy review in the medium term September 16, 2011.

Montek Singh Ahluwalia Deputy Chairman of the Planning Commission, on Thursday, 8 In September 2011, said he shares the opinion of the Minister, stopping India’s restrictive monetary stance.

Moody Investors Service affirmed its Baa3 rating for India foreign currency debt of the government and its rating to Ba1 local currency debt in an annual credit analysis published earlier this week. The firm’s ratings a positive outlook for India’s rupee-denominated bonds, says he will consider an overall rating of Baa3 for all obligations, if India improves its financial position and its willingness to strengthen the internal market. The outlook for foreign currency debt is stable.

Report optimistic about India’s ability to overcome the global economic crisis. Although not immune to the slowdown in international, domestic demand and prepare for the diversity of economic slowdown in the world are exposed to the fields, the report said. He noted that India’s foreign currency reserves than four times the foreign debt.

A debt-GDP ratio of 71% is worrisome because the interest on this debt eats 25% of revenues from India every year. However, Moody’s expects continued growth incremental GDP and fiscal consolidation efforts will continue to reduce the public debt / GDP, the report said NRI online trading account.

Services sector in India has increased its slow rate of more than two years in August 2011, and strangled by a weak expansion of new business in the world’s faltering economy and tense domestic monetary conditions are weighed, the research showed on Monday September 5, 2011. HSBC Markit index business, which is based on a questionnaire of about 400 companies, slumped in July 58.2 53.8 August, the index’s largest one-month decline since January 2009. It was also the weakest growth since June 2009, but the index remained above the 50 mark that separates contraction in growth for 28 consecutive months.

The new business sub-index fell to its lowest level in three months to 54.9 in August from 59.3 in July, to mitigate the global economic situation knocked orders. Expectations of new activities also reduced in the month of August. The survey also showed a decline in employment in the service sector for the second consecutive month business growth has slowed, while production costs and producer prices have continued to march forward.

Manufacturing activity in India in August 2011 dropped to a lowest level in 29 months as exports took a beating amid continuing uncertainty in global economic environment, a survey showed last week. The total seasonally adjusted purchasing managers HSBC, compiled by Markit, fell to 52.6 in August against 53.6 in July. The pace of new order flows in August fell to its slowest in 29 months as export orders contracted at the fastest rate since the series began, HSBC said.

Production fell to delay the first time since March 2010, pressure on operating capacity decreased. Moreover, the intensification of inflationary pressures in both input prices and production increased.

Exports grew by 81.79% to $ 29.3 billion while imports grew 51.5% to $ 40.4 billion in July 2011 over July 2010, leaving a trade deficit of $ 11 billion, the data showed last week.

Most populations in Asia rose, Friday, September 9, 2011, as the Chinese consumer data allayed fears of price pressures in the economy of the construction of the No. 2 in the world, but the mood was cautious after the Western central banks do not offer any new stimulus. The key benchmark indices in Hong Kong, China, Taiwan and Indonesia rose 0.13% from 0.25%. The key benchmark indices in Japan, South Korea and Singapore fell 0.41% to 1.25%.

Japan lowered its April-June gross domestic product Friday, registering a 0.5% contraction in the fourth quarter compared to a 0.3% decline in first reading NRI Demat account .

U.S. index futures rose Friday, September 9, 2011, after the U.S. President Barack Obama has proposed a reduction in social contributions for the U.S. economy a jolt that he described as a national crisis. The U.S. index futures Dow Jones said that could earn 37 points in the open market.

U.S. stocks abruptly closed on Thursday after the Federal Reserve, Ben Bernanke gave no indication of stimulus measures to boost the faltering economy, a highly anticipated speech. An increase in jobless claims reported earlier in the day highlighted the weakness of the U.S. economy. Moreover, the government said the U.S. trade deficit fell significantly in July, a positive sign for economic growth in the third quarter after a sluggish first half.

The Federal Reserve, Ben Bernanke said Thursday that the U.S. the central bank would spare no effort to stimulate growth low, but to the dismay of investors paused to take a bath in all the monetary support. Bernanke said an increase in consumer prices this year is likely to be ephemeral.

Federal Open Market Committee (FOMC) is scheduled to conduct a policy review of US two-day yields of 20 and 21 September 2011 PAN Card for NRI .


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