Nifty Regains 5000 Mark

Opening of European markets helped the firm has 50 units, S & P CNX Nifty regain the psychological 5,000 mark in afternoon trading. The Nifty had moved alternately above and below this mark earlier in the day. Infosys, TCS, State Bank of India and Tata Motors have increased. Index heavyweight Reliance Industries (RIL) trimmed intraday losses, and the stock was unchanged today, for the day. The barometer index BSE Sensex has remained virtually unchanged for the day at 16,707.61, nearly 162 points lower and days out of nearly 136 points high day.

The market opened on a firm note, with sentiment supported by guarantees from France and Germany as Europe stand behind Greece that the nation is struggling to reduce its debt pile. The market quickly relative gains. The market is out of the bottom later. Intraday volatility continued as the market pared losses after sliding into the red to hit fresh intraday low trading morning. The market again trimmed losses after slipping to fresh intraday low in mid-morning trading.

Volatility continues in early afternoon trade as key benchmarks once again weakened, after almost recovering intraday losses worldwide. The market cut losses for the afternoon trade, European shares opened on a note of the company.

State-run oil exploration major ONGC is around Rs 11,000 crore Monitoring public offer (FPO) will suck the liquidity of the secondary stock markets in the near future. According to market talk, the OPS is scheduled to be launched this month. ONGC has filed a prospectus with the Freedom Party with the Securities & Exchange Board of India (SEBI) early this month. 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.

Investors are looking deeply the September data in the payment of taxes in the second quarter 2011, due before today, September 15, 2011, which could give clues Q2 September 2011 results.

At 1:18 p.m. IST on BSE Sensex remained virtually unchanged for the day at 16,707.61. The index rose 134.38 points to 16,843.98 day high in early trading, its highest level since September 9, 2011. The index fell by 164.03 points at 16,545.57 down day of mid-morning trading.

S & P CNX Nifty rose 13.80 points or 0.28% at 5026.35. The Nifty hit a high of 5,062.35 in intraday trading, its highest level since September 9, 2011. The Nifty hit a low of 4,967.45 in intraday trading.

The BSE Mid Cap rose 0.22% and BSE Small Cap was up 0.13%. These two indices outperformed the Sensex.

Market size, indicating the overall health of the market was positive. On the BSE, 1,357 stocks rose and 1,156 declined stock. A total of 103 shares remained unchanged. The scale was balanced between positive and negative alternately area for a brief period in the morning trade.

Among the Sensex stake 30, 18 up and down the rest.

Index heavyweight Reliance Industries (RIL) has remained virtually unchanged for the day at 825.90 rupees. The stock was volatile. The stock hit a Rs 833.05 and a low of Rs 813.55 so far during the day. The Oil Ministry will not consider the plan of $ 1.52 billion to develop the EIR satellite fields in KG-D6 block, which can produce 10 million metric standard cubic meters per day (MMSCMD) of natural gas in five years. The plan, if approved, will allow RIL to reverse the decline in output of the block of the deep sea and to help consumers, especially in the areas of fertilizer and power with the output of the D-6 was reduced below 50 MMSCMD instead of increasing to 80 MMSCMD due to technical problems.

RIL had last week denied inflating the cost of its D6 gas field in Krishna Godavari-(KG) basin. RIL made after the CAG report said that the final report to Parliament on Thursday 8 In September 2011, the RIL is initially estimated capital costs for gas-D 1 and D-3 in the discovery of $ 2.4 billion, later revised to $ 8.8 billion.

India’s largest automaker Maruti India by the Suzuki sales fell 2.52% to 1065.80 RS. The current working conditions in the facilities of Maruti Suzuki Manesar would have extended to three companies of Suzuki Motors India on Wednesday with more than 4000 workers to start a flash strike in support of their colleagues on the largest car manufacturer countries. The protests stopped the production of motor units by Suzuki Powertrain India in Manesar and Castings Suzuki motorcycles and Suzuki Motorcycle India unit in Gurgaon on Wednesday afternoon, the report said.

The workers asked the management of Maruti end the 16-day confrontation with workers in Manesar, which has refused to sign a pledge of good conduct that the administration has set as a precondition to enter the factory. The company’s decision to fire more than five workers in Manesar on Tuesday for disciplinary reasons and the hiring of 100 employees to replace existing staff has led to resentment among workers, reports suggest.

Larsen & Toubro (down 1.65%), Tata Steel (down 1.26%), Hindustan Unilever (down 1.08%) and ONGC (-1%), low-cut from Sensex pack.

India’s largest private sector bank by net profit ICICI Bank fell 1.65%. Cigarette company the biggest in India by ITC sales fell 0.60%.

IT stocks reversed early losses to a weak rupee. A weak rupee increases the revenue of IT companies in the sector rupees take the lion’s share of revenue from exports. The rupee weakened for the ninth consecutive session Thursday as the demand for dollars from oil refiners weighed positive national actions. The partially convertible rupee was at 47.74/75 per dollar, weaker near Wednesday’s 47.62/63, when it had touched 48.02, its lowest since September 29, 2009.

The India’s second largest software services exporter Infosys gained 0.98% in volatile trade. The company is reportedly close to acquiring the health care business of Thomson Reuters in a transaction 700 to $ 750 million. If the operation goes ahead, will be the largest acquisition by Infosys. Business of Thomson Reuters provides health care information, analysis and solutions to benchmark performance and services to companies, government agencies and health professionals.

India’s largest software services exporter TCS rose 1.57% SR 1033, from the days low of Rs 1010.45. Vice-President of TCS, S. Ramadorai said in an interview on Tuesday, September 13 In the middle of 2011, demand for technology outsourcing services remains strong. He added, however, that the economic uncertainty in Europe is still the biggest concern, graduated. Ramadorai said TCS is cautiously optimistic about the demand for outsourcing customers are cautious about spending in an uncertain economic environment.

TCS had earlier said that none of his current projects, which are not so urgent in nature, are cut and has not seen the specific delays in decision making.

The largest bank of India branch and net profit State Bank of India (SBI) rose 1.31% to Rs 1855.50 on bargain hunting. The stock touched a low of 52 weeks of Rs 1,812.90 in intraday trading Wednesday, September 14, 2011. The government will probably take a call on short infusion of capital to the SBI. SBI requires Rs 20,000 crore to fund its growth plans over the next two fiscal years.

Manufacturer of India’s largest truck sales of Tata Motors rose 2.32% to 145.80 rupees on bargain hunting. The stock touched a low of 52 weeks of Rs 137.65 in intraday trading Tuesday, September 13, 2011. The company said last week that the Office of the Executive Group and Chief Executive Officer Carl-Peter Forster resigned Friday, September 9, 2011, with immediate effect.

Forster’s resignation, according to a statement from Tata Motors, was inevitable due to personal circumstances. Forster, who previously directed the operations of General Motors Co. ‘s in Europe, he joined Tata Motors in February 2010. Its mandate includes Tata Motors managing their global operations, including Jaguar and Land Rover (JLR), which was acquired in June 2008.

I deeply regret that my personal circumstances make it difficult to treat challenging tasks to manage a thriving business for Tata Motors International Group, whose main activities in India and the United Kingdom, and increasingly in other foreign markets, the statement said Forster . Forster, however, is still on the table that the non-executive member. Prakash Telang, Managing Director India Operations, and Ralf Speth, President and CEO, Jaguar, Land Rover, represented by its operations on board.

Jaiprakash Associates (up 1.39%), Wipro (up 0.80%), Jindal Steel & Power (up 0.74%) and coal in India (up 0.20%) , edged higher from Sensex pack.

Kingfisher Airlines fell 3.44% to 25.25 rupees. The society of today, September 15, 2011, said its lenders have confirmed that the company is viable and Rs 475 crore has been more in the media since the beginning of this year. The airline also said it is to explore raising capital, either by issuing Global Depository Receipts or a rights issue or monitor the sale of shares in the local market. The airline is called as a report of the inaccurate media that the airline’s auditor raised questions about its survival.

Winners of the BSE Mid-Cap index were, DB Realty (up 6.96%), Sobha Developers (up 5.15%), Patni iGate (up 4.67%), Alfa Laval (India) (up 4.56 %) and TVS Motor Company (up 3.44%).

They climb up and BSE Small Cap index was Gokaldas Exports (up 13.70%), Gujarat natural resources (up 9.95%), JMC Projects (India) (the 8.77%), Cals Refineries (up to 7.89 %) and the Nouveau in the world-scale projects (up to 7.86%).

Foreign institutional investors (FIIs) sold shares worth 45.82 crore Wednesday R 14 In September 2011, according to provisional data. IFI unloaded shares worth Rs 1876.64 crore net in four sessions of 9-14 days in September 2011, as exchanges of information. Before the two days of sales, FIIs had bought shares worth a net Rs 2986.81 crore during the seven sessions from 29 August 2011-8 September 2011, as the exchange of information.

A recent report from India Investor Survey prepared by JP Morgan Asset Management notes expect Sensex value reference to trade between 20,000 and 22,000 by the end of this year. According to the report, the investment sentiments influenced by the fear that a recession increases the frequency of interest rates and volatility in the domestic investment environment. Despite seeing a decrease of 4.2 points from last quarter, the confidence index of retail investors’ ranks the highest in 137.5 points. Private investment activity in mutual funds has increased by 11% since the last quarter, according to the survey. The survey was conducted from 22 August to 4 Juillet 2011 e

The study also shows that investors are still cautious to preserve capital, increase investment strategy popular among small investors (40%). However, 40% for investors, compared to 57% in March 2011, is expected to become a little ‘aggressive in their investment strategy over the next six months.

Indicator of risk appetite in global financial markets of America the largest bank Merrill Lynch, fell at the end of March 2009, according to a global survey of companies the fund manager. However, fund managers are overweight in emerging markets, including emerging markets portfolio manager survey, the Bank of America Merrill Lynch also issued Tuesday, September 13, 2011.

The proportion of fund managers are bullish on emerging markets grew 27% last month to 30% today, according to the report written by Michael Hartnett, Kate Moore and Brian Leung. But if the banking crisis in Europe is out of control, the shares of emerging markets vulnerable to new assignments, the survey report said. The global fund managers have reduced the size of underweight in India, the study found.

Finance Pranab Mukherjee Tuesday, September 13, 2011, said the central bank in emerging economies have been forced to raise interest rates several times when they are struggling with high inflation, exposing them to capital flows volatile. A question of immediate interest to emerging economies is the management of capital flows, he said. Big capital and the volatility of flows to emerging markets can be unsettling, because they lead to volatile exchange rates high and in some cases, it is to maintain a high level of foreign exchange reserves as insurance against sudden and aircraft massive international capital.

Secretary for Economic Affairs R. In Gopalan on Tuesday 13 September 2011, has said the government will review its activities abroad, the roof of the loans at the end of September 2011. The government now allows foreign loans up to $ 30 billion. However, this limit should be reached quickly the companies avoid the high cost of domestic borrowing costs. In the United States and other European countries have rates close the offer to support a weak economy.

Given the government’s slow initial response FII sharp increase in the ceiling for FII investment in long-term bonds issued by companies in the infrastructure sector in March 2011, the government Monday, September 12, 2011, has also relaxed the rules FII investment in such bonds. The Ministry of Finance said in a statement that FIIs can now invest in long-term links below to a limit of $ 5 billion limit, which has an initial term of five years old at the time of issuance and maturity of one year from the date of purchase for the first IFI. These investments are subject to a retention period of one year. FIIs can trade in these bonds, but can not sell to domestic investors during the holding period of one year.

FIIs can invest up to a maximum of $ 17 billion in long-term bonds below which a maturity of five years or older at time of issuance and expiration of three years at its original purchase by FII. These investments are subject to a grace period of three years. During the period of three years of blockade, FIIs can change, but can not sell to investors. The Securities and Exchange Board of India (SEBI) is expected to deliver notifications to incorporate these changes in the schedule for October 15, 2011.

SEBI had, in early August 2011 has allowed qualified foreign investors (QFIs) to endorse the plan’s debt mutual funds that invest in the sector subject to a maximum cumulative total of infrastructure $ 3 billion in the overall ceiling of 25 billion dollars.

On the macro front, the recent steep slide, the rupee against the dollar has led to concern that high inflation, imports from India’s largest crude oil needs. Lower the rupee pushes up costs for imports, which could worsen the current account deficit.

Food inflation dipped marginally to 9.47% for the week ending 3 September 2011 year on year, down from the 9.55% recorded in the previous week, according to official data released Thursday. The primary articles index, which has a 20.12% weight in the index of wholesale prices increased by 13.04% during the week under review compared to 13.34% increase the previous week, according to data published by Trade and Industry. The index for fuel and electricity increased by 13.01% against 12.55% the previous week.

Inflation measured by wholesale prices (WPI) rose 9.78% in August 2011 from the previous initial reading of 9.22%, government data released on Wednesday, September 14 In 2011, shown. Inflation reading exceeded market expectations. The government has also raised inflation in 2011 to 9.51% in June from 9.44% of the temporary increase in a previously announced.

Eleven of the twelve economists who responded to the capital market to expect 25 points (bps) increase in the repo rate, the key short-term interest policy, the Reserve Bank of India with its mid-quarter policy review Friday 16 September 2011. 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. Reserve Bank of India increased its key rate 11 times over the past 18 months to tame high inflation.

Vice President Planning Commission Montek Singh Ahluwalia, Monday, September 12, 2011, told a conference that private financing account for half of investment in infrastructure planned $ 1 billion for five years during 2012-2017. Indian Prime Minister Manmohan Singh, told the conference that to overcome the crisis of funding for infrastructure projects, the government proposes the creation of a $ 11 million to help finance infrastructure projects. We have also established a high-level committee to propose the necessary measures to fund our ambitious program of infrastructure development, Mr. Singh said.

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

While overall precipitation plays a key role in determining agricultural production, the timing and distribution of rainfall are also important to ensure a good harvest. The unusual shape of rainfall this year could delay the harvest, which affects the yields of major crops grown in the summer as rice, oilseeds, sugarcane and cotton. Rice acreage of September 2, 2011 increased 12% 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.

Moody’s Investors Service confirmed the Baa3 rating for the debt of India’s foreign currency government and its debt rating to Ba1 local currency annual credit analysis published last week. The company marks a positive attitude of bonds denominated in India rupees, and said it will consider a Baa3 stop shop for all obligations that India improves its financial position and its commitment to strengthen the domestic market. The outlook for foreign currency debt is stable.

The report was optimistic about India’s ability to overcome an economic crisis. While not immune to a slowdown in international growth, the strength of domestic demand and economic diversity provides protection against a downturn in the exposed sectors worldwide, the report said. India noted that the foreign exchange reserves equivalent to four times its external 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 public debt / GDP, the report said.

Merchandise exports from India grew by 44.2% in August 2011 from a year earlier, totaling $ 24.3 billion, net slowdown in the pace of the previous month, according to Commerce Secretary Rahul Khullar last week. Imports in the month just completed increased by 41.8% the previous year to $ 38.4 billion, which widened the trade deficit to 14.1 billion against $ 11.1 billion in July .

European stocks rose Thursday, September 15, 2011, that political leaders have insisted that Greece remain in the euro area, although the share of UBS AG fell sharply after the bank said it had discovered a loss of $ 2 billion in unauthorized trading. Key benchmark indices in the United Kingdom, France and Germany were up 0.80% to 1.27%.

On a conference call, Prime Minister of Greece had said on Wednesday 14th September 2011, the country is determined to meet all its obligations and that the recent tightening measures will help Athens meet its 2011-2012 fiscal targets.

Adding to aid investors, the Italian Prime Minister Silvio Berlusconi, Wednesday, September 14, 2011, won a vote of confidence in an austerity plan for Italy in third place in the euro zone’s largest economy.

But the debt situation in the euro area remains very uncertain, with a focus now turning to a meeting of European leaders of Finance to be held this weekend, which will also be assisted by US Treasury Secretary Timothy Geithner.

Most Asia stocks rose on Thursday, September 15, 2011, feeling supported by the knowledge of France and Germany and Europe lag behind the nation of Greece is struggling to reduce its debt pile. The key benchmark indices in Singapore, Japan, South Korea and Taiwan increased from 0.15% to 2.17%. However, the key benchmark indices in China, Hong Kong and Indonesia were reduced by 0.23% to 2.14%.

The U.S. index futures indicated the Dow could fall 29 points at the opening bell Thursday, September 15, 2011. U.S. stocks rose Wednesday, helped by reports of French and German leaders expressed their support to help Greece in the euro area remain. On the macroeconomic front, growth in retail sales stalled in August, while business inventories grew slightly less than expected in July, suggesting caution by companies around the application early in the third quarter.

The Federal Open Market Committee (FOMC) is scheduled for a two-day policy review of U.S. interest rates 20:21 September 2011. It remains to be seen whether the Federal Reserve announced further measures to boost the U.S. economy. Among the options that the Fed may also consider a second round of quantitative easing, or QE3, Operation Twist long-term purchase securities sold short-term ways to reduce long-term yields and reduce the rate of excess reserves held by banks, the Fed to increase the monetary aggregates.


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