Oil Stocks Surge As Oil Exploration

Key benchmarks identified by the positive zone at mid-morning trade, as most Asian stocks rose. The BSE Sensex rose 41.44 points or 0.24% to about 120 points below and out of the day, nearly 20 points higher the day. The size of the market was positive. Index heavyweight Reliance Industries (RIL) trims early losses. Stocks of real estate interest rates rose slightly sensitive on the hunt for bargains after sharp losses in recent months, triggered by concerns that interest rates increased demand for Dent residential and commercial properties NRI online trading account .

Airline fell from a surge in crude oil prices and a weak rupee increased concern about the impact of high fuel prices on operating costs. Shares in oil exploration has increased the price of crude oil increased. Software rose from the positive economic data in the U.S. and a weak rupee.

The market slipped in red just opened. The market once again in the positive. Market compared to earnings immediately. Continued volatility of the benchmark indices recovered after hitting a fresh intraday trade minimum morning. BSE barometer index Sensex back to the psychological 17 000 mark, after falling below that mark for a while ‘. Market in a positive trade earlier in the morning.

Data for the second quarter of September 2011 companies withholding tax payment due on September 15, 2011 may provide signals for Q2 September 2011 results.

At 11:20 IST the BSE Sensex was up 41.44 points or 0.24% to 17,106.44. The index was up 60.84 points at day’s high 17,125.84 in early trading. The index fell 77.63 points to 16,987.37 few days in early trading PAN Card for NRI .

S & P CNX Nifty rose 7.55 points or 0.15% at 5132.20. The Nifty hit a high of 5140.70 and a low of 5,098.25 in intraday trading.

The size of the market, indicating the overall health of the market was positive. On BSE, 1,457 shares rose and 819 shares declined. A total of 82 shares remained unchanged.

Among the Sensex stake 30, 18 decreased, while the rest of them have increased. Wipro, Infosys and TCS rose 1.9% to 4.07%. HDFC Bank, Jindal Steel & Power, Jaiprakash Associates and Bajaj Auto dropped 0.66% to 1.82%.

Index heavyweight Reliance Industries (RIL) fell 0.54% to RS 827.25 profit. In stock came off day low of Rs 818.10. Europe’s second largest oil company BP Plc, last month acquired a 30% stake in 21 oil and gas blocks in the RIL is India. RIL, BP will pay a total of $ 7.2 billion decision to apply adjustments to the acquired interests in 21 production sharing agreements, the company said in a joint statement at the end of last month. In addition, performance payments up to $ 1.8 billion would be paid based on successful exploration, which leads to the development of commercial discoveries, the two companies said NRI Demat account .

Maruti Suzuki India rose by 0.8%, when the President of the country’s largest selling car maker RC Bhargava, said the company is considering building a new plant in Gujarat, and can make the final decision in the next two or three months. Bhargava also said that the delegation of Maruti Suzuki, which consists of Osamu Suzuki, chairman and managing director of Maruti Suzuki Motor Corp., the parent company, the manner in which the prime minister of Gujarat Narendra Modi and other senior government officials Thursday after to discuss the proposed installation. This is still in the exploratory phase, Mr. Bhargava said. He said the automaker is also considering a new plant elsewhere in India, but declined to provide information.

Interest-sensitive stocks rose slightly Realty on bargain hunting after heavy losses in recent months, triggered by worries that higher interest rates Dent demand for residential and commercial properties. Purchase of two residential and commercial buildings are largely driven by finance. Phoenix Mills, DLF, HDIL, Orbit Corporation, Unitech won by between 1.01% to 2.51%.

Shares of oil exploration companies have increased the higher prices of crude oil will increase sales of crude cognition. Varde India increased by 1.9%. The largest of India’s state-run oil exploration firm by revenue Oil & Natural Gas Corporation (ONGC) was 0.11%. India’s second oil and gas exploration determined by income, Oil India rose 1.29%.

Airline stocks fell as rising oil prices and a weaker rupee raised concerns about the impact of high prices of jet fuel for the operating costs. Kingfisher Airlines, Jet Airways and SpiceJet paid between 0.01% 1.32%. Aviation turbine fuel accounts for jet fuel, or more than 50% of airline operating costs. Prices for jet fuel are directly linked to oil prices. State oil marketing companies – Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation to control the prices of kerosene and 16 1 of each month based on the average price of international crude oil last week.

Oil traded near its closest to more than a month in New York on speculation of a building storm in the Gulf of Mexico represents a threat to supply the United States, which was created last week a cyclone old. In the end U.S. crude for October 2011 delivery were down two cents or 0.02% to 89.32 a barrel.

Jyothy Laboratories fell 1.83% after the stock went ex-dividend today, 8th September 2011, the performance of SR 5 per share for the year ended March 2011.

ANG Industries, was 4.3%, when the company sold its division-axle trailer is located in Greater Noida, Uttar Pradesh, Automotive and Heavy Duty Tree Marina Square system in India.

Foreign institutional investors (IIE) bought shares worth Rs 262.43 crore Wednesday, September 7, 2011, according to preliminary data scholarships. FIIs bought shares for a net amount of Rs 2972.63 crore in six trading sessions from 29 August 2011-7 September 2011, according to data from stock exchanges.

The government moved a step forward to renew the old laws of the land purchase Wednesday by introducing a long-delayed bill in Parliament that the aim is to make the investment in infrastructure to receive compensation for farmers and landowners. The current parliamentary session ends on Friday, September 9, 2011, and the bill may be passed in Parliament will resume later this year. The compulsory acquisition of land for the public good is a controversial issue as crowded in India aims to industrialize and projects of large factories, buildings and transport, delaying the conflict in the country.

On the macroeconomic front, the government will release data on some indices of wholesale prices to know. the index of food prices, the main index of articles and the index of fuel prices for the year to August 27, 2011 Today, September 8, 2011. The Reserve Bank of India (RBI) said that a change in the anti-inflationary monetary policy is based on signs of a lasting slowdown in inflation.

Data on September 12, 2011, industrial production in July 2011 and September 14, 2011, the total inflation in August 2011 will give signals of the most probable position of the central bank in the mid-quarter, the Monetary Policy September 16, 2011.

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 earlier this 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.

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.

Services sector in India grew at its slowest pace in over two years in August 2011, nipped in the expansion of the weakness in new business areas, such as a faltering global economy and tight monetary conditions taken into consideration, a survey showed Monday, September 5, 2011. HSBC Markit activity index, based on a survey of 400 companies fell to 53.8 in August against 58.2 in July, the largest decline in the index of a month since January 2009. It was also the lowest growth since June 2009, but the index was above the 50 threshold separating 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 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.

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.

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.

Titles gained more volatile Asian trade on Thursday, 8 In September 2011, before the main political opinions, because the United States and Europe. Benchmark indices in South Korea, Singapore, Taiwan, Japan and Indonesia increased between 0.02% and 0.71%. Benchmark indices in China and Hong Kong fell by between 0.25% to 0.75%.

The Bank of Korea held out of increased borrowing costs today, amid mounting risks to global recovery stall.

China to release a series of economic data on Friday, 9 In September 2011, with the focus directly on inflation. Any surprise the head, particularly the number above the inflation rate would be negative in July, stocks in China, and probably hurt shares elsewhere in Asia. The prices of spiking food and fuel, inflation in China has hit three years high of 6.5% in July 2011, resulting in some tightening of monetary policy, China’s central bank moves to China.

The European Central Bank (ECB) should maintain its key rate unchanged at 1.5% in its monthly meeting on interest rate policy today, September 8, 2011. At its policy meeting today, the Bank of England (BOE) Monetary Policy Committee is also expected to keep its key policy rate to 0.5%, the 31st consecutive months at such a rate.

U.S. trade in index futures indicated that the Dow could fall 43 points at the opening bell on Thursday, September 8, 2011.

The Federal Reserve Ben Bernanke is due to speak Thursday, September 8, 2011, the outlook for the U.S. economy and the possibility for other quantitative easing, his last speech before the scheduled Federal Open Market Committee meeting two days on 20 and 21 September 2011. Bernanke August 26, 2011 waived if the Federal Reserve will immediately introduce new measures to support the U.S. economy, arguing instead that the options would be discussed at the meeting of the Fed in September 2011.

Global stock markets put in a strong performance, Wednesday, September 7, 2011, after a German court ruled in favor of the rescue packages offered in the euro area, Beige Book Federal Reserve showed the U.S. economy continues to grow and as the details emerged on job creation proposals by U.S. President will be announced later Thursday, September 8, 2011. In a speech before a joint session of Congress Thursday night, plans US President Barack Obama to propose to increase employment by injecting over 300 billion dollars into the economy next year, mainly through of tax breaks, infrastructure spending and aid to state governments and local levels.


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