Index Heavyweight Bottom Edge

Benchmark key pared losses in early afternoon trade as stocks rose on expectations of good Auto a surge in demand in rural areas for the normal monsoon rains this year. BSE Sensex was down 63 points or 0.37%, out of about 110 points up and up almost 75 points from day’s low day. Interest-sensitive stocks Realty declined slightly on worries that higher interest rates Dent demand for residential and commercial properties. Private banks fell, while PSU banks increased. Index heavyweight Reliance Industries, Infosys and Larsen & Toubro, edged lower. The size of the market was positive PAN Card for NRI .

The market has declined slightly in the middle initial volatility, reversing gains after opening more than one caused by the equity firm in Asia and the U.S. gains index futures. The barometer index BSE Sensex retreated after hitting 4-week high. The market hit a fresh intraday low in morning trade. The market extended losses in midmorning to trade Asian stocks reversed early gains. The market pared losses in early afternoon trade NRI Demat account.

Investors will be looking deep data in the second quarter in September 2011 the payment of deferred tax assets for September 15, 2011, which could provide clues Q2 September 2011 results.

At 24:20 IST the BSE Sensex was down 63 points or 0.37% to 17,102.54. The index was up 46.26 points at day’s high 17,211.80 in early trading, its highest level since August 12, 2011. The index fell by 139.95 points at 17,025.59 down day of mid-morning trading.

S & P CNX Nifty fell 26.55 points or 0.53% at the 5126th Nifty hit a high of 5163.75 and a low of 5,107.55 in intraday trading NRI online trading account.

Extension of the market, shows the general health of the market was positive. BSE, 1411 shares, 1085 shares rose and fell. A total of 97 shares remained unchanged. Width was much stronger at the start of trading during the day.

Among the Sensex stake 30, 21 decreased, while the rest of them have increased. Heroes MotoCorp, Hindustan Unilever and Bharti Airtel rose 1.47% to between 3.37%. Hindalco Industries, Sterlite Industries and Infosys fell 2.12% to 2.49%.

Index heavyweight Reliance Industries (RIL) fell 1.58% to Rs 840.05 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 RIL has started to implement the revised capital expenditure plans, before they were approved by the government. The report also found that RIL did not give a little ‘less of a priority for the KG D6 block, which the government would be able to give other companies the further studies.

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 reiterating that, as a businessman, who remains determined to fulfill the PSC (Production Sharing Contract) rules and procedures, including the adoption of best international practices in the oil industry (GIPIP) in its operations. Like many comments on the draft report related to technical aspects, the company had offered to the CAG full and complete interaction with experts, RIL said. RIL also said it remains open for interaction at any time. RIL also said it would cooperate with the Government of India to audit in accordance with 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.

Engineering the largest in India and the construction company by revenue, Larsen & Toubro fell 0.43% on profit taking.

ONGC rose 0.59%. The company, which earlier this month filed the prospectus for about Rs 11,000 crore following the public offering with the Securities and Exchange Board of India. The government sold a 5% stake in ONGC through the provision as part of its plan to raise Rs 40,000 crore by selling shares in public enterprises in the current fiscal year through March to fund social sector programs.

Reliance Communications, India, the No. 2 mobile operator subscribers rose to 1.62%, with the stock gaining a second consecutive day, says the company has received an order worth Rs 1400 crore for the construction and maintenance data centers and HDFC Bank. With HDFC Bank, the No. 3 lender, is 15 years.

The private sector bank hinge fell on concerns of higher interest rates may limit the growth of loans. India’s largest private sector bank by net profit ICICI Bank fell 0.58%. India’s second largest private sector bank by net profit HDFC Bank fell 0.85%.

But the PSU banks rose. Bank of Baroda, Punjab National Bank and Bank of India has been between 0.16% and 1.45%.

The largest Indian bank, the branch network and the net result of the State Bank of India (SBI) rose 0.11%. The government is not likely to take short by infusing capital to the SBI. SBI requires Rs 20 000 crore to fund its growth plans for the next two years.

Stocks of real estate interest rates fell slightly sensitive to the concerns that interest rates increased demand for Dent residential and commercial properties. Purchase of two residential and commercial buildings are largely driven by finance. DLF, HDIL, Indiabulls Real Estate and Unitech fell between 1.31% to 1.73%.

Network solutions provider GTL has jumped 21%. The stock rose on heavy 1.4 shares crore on BSE.

Foreign institutional investors (IIE) bought shares worth Rs 14.14 crore Thursday, September 8, 2011, according to preliminary data scholarships. FII inflows amounted to Rs 1999.71 crore in the first days of this month until September 8, 2011, according to data from stock exchanges.

The six-week session of Parliament during the monsoon ended Thursday, September 8, 2011, over 14 bills in the House and nine in the Rajya Sabha, due to frequent interruptions and postponements forced.

In the long-term rainfall in the second half of the season helped to alleviate concerns that the monsoon this year could fall below their long-term average, after a brief pause in July, when the country usually receives one third of monsoon rains. Monsoon was 3% above average until September 7, 2011, as per the latest information on the Indian Meteorological Department (IMD). A large part of the country were the average of the average rainfall this year, but the season has been characterized as well as cradle and periods of torrential rains in some parts of western and eastern.

Although it rained a key element in determining the status output, the timing and distribution of rainfall is also important to ensure a good harvest. Unusually this year, rains can delay the harvest, affect the Enter key to the summer-sown crops such as rice, oilseeds, sugarcane and cotton. Area of ​​rice that the September 2, 2011, up 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 inflation in food articles group declined to 9.55% for the week ended August 27, 2011, from 10.05% the previous week, the latest data show. Was 14.76% for the same period last year. However, inflation in the major group rose to 13.34% in the week in review articles of 12.93% for the week ended August 20, 2011. Was 15.24% in the period last year. Inflation in fuel and electricity group was 12.55% in the week ended August 27, unchanged from the previous week, the latest data show. Was 12.61% in the corresponding week last year PAN Card for NRI.

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 market. 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 interest of key policy in the short term, the Reserve Bank of India in its review of the medium-term policy the September 16, 2011 NRI Demat account.

Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, Thursday, September 8, 2011, said he agreed with the Treasury of the breakdown of tight monetary policy in India.

Moody’s Investors Services confirmed its rating of Baa3 foreign currency debt rating of India and the Ba1 local currency debt annual credit analysis published this week. Votes for the company given the positive outlook for bonds denominated in Indian rupees, saying it is considering a rating of Baa3 uniform for all bonds if India is to improve the fiscal position and its commitment to strengthen the market inside. Currency debt outlook 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 PAN Card for NRI.

Debt ratio of 71% is worrisome, because the interest on this debt eats 25% of annual sales in India. However, Moody’s expects continued growth and gradual fiscal consolidation reduces the debt / GDP of the government, the report said.

Service sector in India has increased its weakest growth in over two years in August 2011, strangled by the low expansion into new businesses as the faltering global economy and the tightening of monetary conditions in mind, a survey showed on Monday September 5, 2011. Markit HSBC’s business activity, based on a survey of nearly 400 companies, fell to 53.8 in August from 58.2 in July, the index down more than a month since January 2009. It was also the lowest growth since June 2009, but the index remained above the 50 mark that separates growth from contraction for 28 consecutive months.

The new business sub-index fell to its lowest level in three months in August to 54.9 from 59.3 in July, as the global economic situation sinks hit orders. Expectations of new businesses have also been revised down in August. The survey also showed reduced levels of employment in the services sector for the second consecutive month, the growth of new businesses has decreased while the input costs and output prices continued to march ahead.

Manufacturing activity in India in August 2011 slowed to a minimum of 29 months as exports took a beating amid the uncertainties that persist in the global economic environment, according to a poll released last week. The total seasonally adjusted purchasing managers HSBC, prepared by Markit, fell to 52.6 in August from 53.6 in July. The rate of flow of new orders fell in August to the slowest in 29 months, export orders fell at their fastest pace 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 increased by 81.79% to $ 29.3 billion, while imports rose 51.5% to 40.4 billion in July 2011 in July 2010, leaving a trade deficit of $ 11 billion, data showed last week.

Asian stocks turned mostly lower on Friday, 9 In September 2011, manufacturers and property stocks among the most, because the initial optimism about the cooling of inflation in China and the recent plan has evaporated in the U.S. Jobs trade in the afternoon. Benchmark indices in China, Japan, Hong Kong, South Korea and Singapore were down between 0.17% and 1.83%. Benchmark indices in Taiwan and Indonesia increased between 0.27% and 0.82%.

Chinese consumers and the producer price index showed inflation cooling in August 2011, the CPI of 6.2% over the previous year, which makes three-year inflation high at 6.5% in July.

Japan revised down for April-June gross domestic product on Friday, recording the contraction of 0.5% in the quarter compared to the decrease of 0.3% in the preliminary hearing.

U.S. index futures reversed early gains on Friday, September 9, 2011. U.S. trade in index futures indicate that the Dow Jones could fall to 7 points, the opening bell.

U.S. President Barack Obama on Thursday, 8 In September 2011, stated that the current state of the U.S. economy is a national crisis. Obama has introduced a comprehensive employment package of tax cuts and other incentives designed to give a jolt to the economy.

U.S. stocks closed sharply lower Thursday after Federal Reserve Chairman Ben Bernanke gave no indication of new stimulus measures to boost the economy expected speech flag. Increase in jobless claims reported earlier in the day underlined the weakness of the U.S. economy. Separately, the government said the U.S. trade deficit narrowed significantly in the month of July, a positive sign of economic growth in the third quarter, after slow first half.

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 did not give an overview of how or if the central bank could lower borrowing costs. 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.


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