JP Associates Shock Over 5% On The Buzz Of The Mill For A Partner For The Cement Company

Key benchmark indices, the sharp increases in the mid-morning trade as essential as mild profit booking. Firm Asian markets and the recent revival of buying by foreign funds have supported the gains. BSE Sensex rose 118.90 points or 0.71%, from 60.29 points from the high points, to 59.40 days in low day. Low volatility was seen as a barometer index moved above and below the psychological 17,000 mark. The size of the market, indicating the overall health of the market were strong.

Index heavyweight Reliance Industries (RIL) extended rally Tuesday after partner of the company BP Plc said it is confident would increase natural gas production from its KG-D6 Block offshore East in two years . Banks won hinge on bargain hunting following recent heavy losses caused by fears that higher interest rates may limit the growth of loans. Sugar stocks were in demand.

At 11:27 IST, the BSE Sensex was up 118.90 points, or 0.71% at 16,981.71. The index was the day 179.19 points higher at 17,042.00 mid-morning trade. The index rose 59.50 points to 16,922.31 in early trading day low.

S & P CNX Nifty rose 42.75 points, or 0.84% ​​at 5,107.05, after the wheel between 5,117.15 5,076.30 during the day and up to now.

The size of the market, indicating the overall health of the market were strong. On BSE, 1737 shares declined and 719 shares advanced. A total of 103 shares remained unchanged.

The total turnover of BSE was Rs 1074 crore compared to 11:25 IST Rs 764 crore by 10:25 IST.

The 30-share Sensex pack, 22 had dropped the rest.

Index heavyweight Reliance Industries (RIL) advanced 1.36% RS 832.05. In stock advanced 4.05% on Tuesday after the rally started the company partners BP Plc, has reportedly said that is sure to increase the production of natural gas in the offshore KG-D6 block in the eastern two years. BP last month completed $ 7.2 billion acquisition of 30% interest in 21 blocks of oil and gas in RIL is India.

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. 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.

India’s largest oil company a market value of ONGC rose 0.77%, while the corporate giant from his government post-graduate public offering with the Securities and Exchange Board of India (SEBI) on Monday September 5, 2011. 5% of the sale of shares is to offer 41.92 shares to the public crore and reserves of 85.53 shares lakh employees, the company said.

Software stocks saw mixed trend. India’s second largest software services exporter Infosys fell 1.1% to Rs 2278.15 and was the top loser from Sensex pack. The CEO of Infosys said last month that economic concerns in the United States and Europe was to delay decisions, and customers can not use all their IT budgets this year.

The third Indian exporter of software services firm Wipro rose 1.41%.

The largest exporter of software services in India TCS gained 0.22%. The company would have in an effort to $ 500 million to buy a majority stake in the computer unit of German airline Lufthansa flagship.

Hours of after-sales service of TCS on Monday announced that Westpac has chosen TCS BANCS Insurance and financial support to improve and transform the life insurance software platform to drive growth in New Zealand.

Largest dam in India, Jaiprakash Associates, manufacturer, sales jumped to 5.89% 70.15 RS reports the company is evaluating the possibility of a rope as a strategic partner in the cement industry. It was the top gainer from Sensex pack. According to reports, Jaiprakash Associates, is open until 26% dilution of the cement business. The company has reportedly been roped from the clutches of investment bankers to advise on any strategic stake sale. Preliminary talks have already begun a large South American groups such as Cemex and the Votorantim Group, which has a global presence, but also consider the greatest game of India. To manage, even if it takes some time to bear fruit, the reports added.

Pivotals banks understood to hunt for bargains after recent steep losses triggered by worries that higher interest rates on loans may limit growth.

India’s largest private sector bank by net profit ICICI Bank rose 1.12% and India’s second largest private sector bank by net profit HDFC Bank advanced 2.18%.

Largest bank branch network of India and State Bank of India net profit (SBI) jumped 2.28%.

The largest mortgage lender in India by total revenue Housing Development Finance Corporation (HDFC) gained 1.98%. Apparently, on Monday launched HDFC home loans twice called “first set”, where the interest rate is fixed for three to five years and then moved to floating rates.

Shree Renuka Sugar was up 3.38% on reports the company is in talks with several players in private equity and strategic investors to sell a 25% stake in its wholly-owned unit Renuka Holdings Brasil.

Stocks of sugar were also more in demand. Bajaj Hindustan (up 1.88%), Balrampur Chini Mills (+0.64%), Triveni Engineering & Industries (up 1.32%), Simbhaoli Sugar (up 2.98%), EID Parry (India) (up to 1.87%), and Sakthi Sugar (up 1.41%), upper cut.

Foreign institutional investors (FIIs) bought shares worth Rs 431.48 crore on Tuesday, 6 In September of 2011, as the exchange of preliminary data. Domestic institutional investors (DIIS) has sold shares worth Rs 415.17 crore on that day.

The bill awaited land acquisition, which seeks to establish standards for increased compensation for the owners was approved by the Union Cabinet, Monday, September 5, 2011. It must be introduced to Parliament today, 7 September 2011. The bill includes land acquisition and rehabilitation and resettlement, clearly defined public purpose is the provision of retroactivity and takes the time for compensation.

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 on Monday 5 September 2011. 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.

A debt to GDP ratio of 71% is a concern that the interest on this debt eats 25% of revenues from India every year. But Moody expects continued growth of GDP and further fiscal consolidation efforts will continue to reduce the public debt / GDP, 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 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 Friday, September 2, 2011 . 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.

Book production fell for the first time since March 2010, when the pressure of operating capacity decreased. As the intensification of inflationary pressures as both input and output prices rose.

Food inflation has confirmed up to 10.05% in the week ended August 20, 2011, the highest in almost six months and a maximum of 9.8% increase in the previous week. The data underscore the long-term fight against inflation, which could quickly the Reserve Bank of India to raise policy interest rates by the 12th time in March 2010, when it meets to consider monetary policy, September 16, 2011.

Exports rose 81.79% to $ 29.3 billion, while imports rose 51.5% to 40.4 billion crowns in July 2011 during July 2010, leaving a trade deficit of 11 billion dollars, data showed last week.

Asian markets rose slightly on the yen weakened on Wednesday and the values ​​fell to its lowest level since 2008. The key benchmark index in Taiwan, Japan, South Korea, China, Hong Kong, Singapore and Indonesia increased from 0.98% to 3.41%.

The European Central Bank (ECB) should maintain its benchmark interest rate unchanged at 1.5% monthly interest to be held on Thursday 8 September 2011. The same day, the Bank of England (BOE) Monetary Policy Committee should also keep its key benchmark interest rate is 0.5%, thirty-first consecutive month at a pace well.

U.S. markets fell on Tuesday on fears in Europe so far failed to resolve its debt crisis. The Dow Jones Industrial Average fell 100.96 points or 0.90% at 11,139.30. S & P 500 slipped 8.73 points, or 0.74% at 1165.24. The Nasdaq fell 6.50 points, or 0.26% at 2473.83.

President Barack Obama plans a speech Thursday, September 8, 2011, to propose measures to boost employment in the context of the unemployment crisis in the U.S..

The U.S. index futures Dow Jones said that could earn 65 points in the opening of the market, Wednesday, September 7, 2011.


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