Print Media Shares Slid To A Weak Rupee

Continued volatility in the afternoon to key benchmark indices fell again, to return to when most of the day for the loss. 50-unit, S & P CNX Nifty was currently suspended below the psychological level of 5000, after moving alternately above and below that mark intra-day trading. BSE barometer index Sensex fell 59.86 points, or 0.36%, close to 105 points from days low, and about 195 points higher today.

Index heavyweight Reliance Industries (RIL) trimmed losses in volatile trade. IT stocks reversed early losses from the weak rupee. Stocks automobile, banking and metals showed a mixed trend. Print part of the media fell on weak rupee concerns raise the entry costs of newsprint.

The market was unstable as soon as the beginning of the trading day. The market opened firm, and marks the atmosphere increased the insurance from France and Germany, that Europe is standing behind the greek people will fight to cut its debt pile. The market just does not compare with the profits. The market came off minimum below. Intraday volatility of the market has continued to reduce losses after slipping in red to hit fresh intraday low in morning trade. Markets slide again, cut your losses fresh intraday low in morning trade. Continued volatility in the afternoon to key benchmark indices fell again, to return to when most of the day for the loss.

State-owned Oil Exploration major ONGC around Rs 11 000 crore post-graduate public offering (FPO) absorbs liquidity from the secondary stock market in the near future. As for interviewing market, the FPO will be launched this month. ONGC has lodged a prospectus with the Freedom Party with the Securities & Exchange Board of India (SEBI) earlier this month. The government sells 5% stake in ONGC through the provision as part of his plan to raise Rs 40,000 crore through the sale of shares in state enterprises for the current financial year in March to fund programs in the social sector.

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 24:20 IST, the BSE Sensex fell 59.86 points or 0.36% to 16,649.64. The index rose 134.38 points to 16,843.98 on the day high in early trading, its highest level since September 9, 2011. The index fell 164.03 points to 16,545.57 on the day of small to mid-morning trade.

S & P CNX Nifty was down 14 points or 0.28% at 4998.50. 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.

Extension of the market, shows the general health of the market was positive. BSE, 1312 shares rose and 1051 shares declined. A total of 95 shares remained unchanged. Width was varied alternately positive and negative zone in the morning trade.

The 30-share Sensex pack, 16 rose, and the rest declined. Jaiprakash Associates, DLF and coal in India rose between 0.12% and 1.97%. Larsen & Toubro, Hindustan Unilever and NTPC paid between 0.82% and 2.68%.

Index heavyweight Reliance Industries (RIL) fell 0.34% to 822.50 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 costs in its D6 gas field in Krishna-Godavari (KG) basin. RIL was clarified after the CAG said in its final report presented to Parliament Thursday, September 8, 2011, RIL capital spending originally planned for D-1 and D-3 gas discovery in the 2.4 million dollars, after a revised $ 8.8 million.

Bank interest-sensitive shares were mixed ahead of tomorrow’s RBI review of monetary policy, September 16, 2011. India’s largest private sector bank by net profit ICICI Bank fell 1.32%. India’s second largest private sector bank by net profit HDFC Bank fell 0.92%.

The largest bank branch network in India and the State Bank of India net profit (SBI) rose 0.41% to 1839 rupees in the bargain hunting. The stock hit a 52-week low of Rs 1812.90 in intra-day, Wednesday, September 14, 2011. The government may soon receive a call on the capital infusion by SBI. SBI requires 20,000 rupees crore to fund its growth plans over the next two fiscal years.

Actions of interest rate sensitive auto, also mixed before the review of the RBI monetary policy tomorrow, September 16, 2011. Manufacturer of India’s largest selling trucks Tata Motors rose 1.12% to 144.10 rupees on bargain hunting. The stock hit a 52-week low of 137.65 rupees in intraday trading Tuesday, September 13, 2011. The company said last week his group director and CEO Carl-Peter Forster resigned Friday, September 9, 2011, with immediate effect.

Forster’s resignation, the Tata Motors’ statement, due to unavoidable circumstances. Forster, who had already driven from operations of General Motors Co. ‘s European, joined Tata Motors in February 2010. Its task is to Tata Motors of its worldwide operations are included, including Jaguar, Land Rover (JLR), which was acquired in June 2008.

I deeply regret that my personal situation, it is difficult for me to continue to perform the difficult tasks to manage the growing global operations of Tata Motors Group with its main operations in India and in Britain and more and more markets abroad Forster said in a statement. Forster will remain on the board as non-executive member. Prakash Telang, Executive Director, India Operations and Ralf Speth, CEO of Jaguar Land Rover, will represent their respective actions on the board.

Mahindra & Mahindra rose 0.59% after the company announced during market hours, the company that the government has promised up to 8.09% stake in its subsidiary Mahindra Holidays & Resorts India (MHRIL) one or more lots is the best price available through a recognized stock exchange in June 2013 MHRIL allows the growth of public participation and the free float on the stock market. M & M currently owns 83.09% of share capital and MHRIL. Parts MHRIL jumped 4.65%.

India’s largest automaker Maruti India by the Suzuki sales fell 2.9%. 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 Maruti to break the deadlock in 16 days among workers in Manesar, which has so far refused to sign a pledge of good conduct that management has set as a precondition to enter the plant. The company’s decision to lay off five workers Manesar Tuesday for disciplinary reasons, and employing 100 people to replace the current workforce have led to resentment among workers, reports suggest.

India second largest two-wheeler sales for Bajaj Auto dropped 0.35% to 1620.90 rupees on profit taking. The share reached a record high of 1694.90 rupees in intra-day, September 6, 2011. The company’s total sales grew 16% to 3.82 lakh units recording in August 2011 compared with August 2010. Sales rose 17% to a motorcycle to 3.38 lakh units recording in August 2011 to August 2010.

India’s largest two-wheeler maker Hero in MotoCorp sales increased by 0.2% of RS 2206 stock had climbed a record of Rs 2,231.70 in intraday trading on Friday, September 9, 2011. Company’s net revenues increased by 19% at 5.03 lakh units in August 2011 to August 2010.

The metal stocks were mixed as LMEX, the meter six metals traded on the London Metal Exchange fell 1.19% Wednesday, September 14, 2011. Hindalco Industries, JSW Steel, Tata Steel, Sail, and fell between 0.06% 0.76% Sterlite Industries, Hindustan Zinc, Bhushan Steel and Jindal Steel & Power is increased by 0.16% and 1.75% respectively.

IT stocks reversed early losses on weak rupee. Rupee weaker income increased from IT companies in the rupee as the area receives the lion’s share of export revenues received. Rupee weakened the ninth consecutive session on Thursday as the dollar demand for oil refineries compensated by the internal parts. Rupee has been partially replaced 47.74/75 per dollar, weaker than 47.62/63 late Wednesday, when he was hit 48.02, its lowest since September 29, 2009.

India’s third largest software services exporter Wipro rose 0.79% to Rs 345.30, off day low of Rs 339th

The India’s second largest software services exporter Infosys gained 0.47% 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.

The largest exporter of software services in India, TCS rose 0.6% to 1021.70 rupees, compared to low R 1010.45 each day. TCS Vice President S. Ramadorai said in an interview with the media Tuesday, September 13, 2011, demand for outsourcing services technology is still good. He, however, added that the economic uncertainty in Europe remain the biggest concern for most technology. Ramadorai said TCS is cautiously optimistic about the demand for outsourcing services as customers remain cautious about spending in an uncertain economic environment.

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

Print part of the media fell on concerns of a weaker rupee may raise import costs of newsprint. HT Media Holdings, Deccan Chronicle, Jagran Prakashan DB Corp fell 0.47% to 3.47%

Foreign institutional investors (IIE) has sold shares worth Rs 45.82 million rupees, Wednesday, September 14, 2011, according to provisional figures. FIIs unloaded shares worth a net of R 1876.64 crore in four trading sessions 9 to 14 September 2011, according to the bag. Prior to the sale of two days, FII had bought shares worth net Rs 2986.81 crore seven working days of 29 AG 2011 hasta September 8, 2011, according to the bag.

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.

An indicator of risk appetite of the Bank of America Merrill Lynch declined to major financial levels not seen since March 2009, according to a survey of global fund manager of the company. However, fund managers remain overweight in emerging markets, according to a survey of fund manager emerging markets at Bank of America Merrill Lynch has published on Tuesday, September 13, 2011.

Share of fund managers who are bullish on emerging markets has increased from 27% last month, 30% today, says the report written by Michael Hartnett, Kate Moore and Brian Leung. If the banking crisis spirals out of control in Europe, equities in emerging markets are vulnerable to further selling, the report said. Global fund managers are reducing the level of underweight positions in India, according to a study.

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.

Economic Affairs Secretary R. Gopalan Tuesday, September 13, 2011, said the Government will revise the limit of indebtedness of the company abroad at the end of September 2011. The government now allows foreign loans of up to $ 30 billion. However, this limit can be reached quickly that companies resist the high cost of domestic borrowing costs. United States and other European countries have interest rates close to zero in an attempt to support weak economic growth.

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.

IFI can now invest in, subject to no more than $ 17 billion long-term infrastructure bonds, which have an initial term of five years or more with this and the remaining maturity is three years for the first time to buy IFI. These investments are subject to a lock-in period of three years. The three-year lock-in during the IFI can sell to each other, but can not sell to domestic investors. Securities & Exchange Board of India (SEBI) is expected to include announcements of these changes in the system no later than October 15, 2011.

Sebi had in early August 2011 has allowed qualified foreign investors (QFIs) approve the plan debt funds that invest in the sector subject to a ceiling of total global infrastructure of $ 3 billion in total budget $ 25 billion.

On the macroeconomic front, the recent sharp fall of the rupee against the dollar added to the concerns of high inflation that India imports most of the crude oil needs. Rupee down to increase the cost of imports which could aggravate 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 surveyed by Capital Markets expect a 25 basis points (bps) increase in repo rate is the main short-term political interests of the Reserve Bank of India in its policy review in mid-quarter Friday, September 16, 2011. Reserve Bank of India (RBI) said that a change in anti-inflationary monetary policy will be motivated by evidence of a sustained decline in inflation. Reserve Bank of India raised its key rate 11 times over the last 18 months to keep inflation high.

Will the Commission Deputy Chairman Montek Singh Ahluwalia on Monday 12 In September 2011, the conference said that private funding is half the form of $ 1 trillion in infrastructure investment envisaged for a period of five years from 2012 to 2017. Prime Minister Manmohan Singh said during the meeting that the winning fund crunch for infrastructure projects, the government proposed to establish a fund of $ 11 billion to help finance infrastructure projects. We also formed a high-level committee to suggest measures needed to fund the ambitious infrastructure development, Mr. Singh said.

Prolonged rainfall in the latter part of the season helped ease concerns that the monsoon this year could fall below the long-term average 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 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.

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 released last 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.

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.

Merchandise exports from India grew by 44.2% in August 2011 over the previous year, a total of $ 24.3 billion, net slowdown in the pace of the previous month, Commerce Secretary Rahul Khullar said last week. Imports in the month just ended up 41.8% year on year to 38.4 billion, trade deficit widened to $ 14.1 billion from $ 11.1 million in July.

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 China, Singapore, Japan, South Korea, Taiwan and Hong Kong increased from 0.16% to 2.17%. Indonesia Jakarta Composite fell 1.66%.

This is a conference call, the greek prime minister said on Wednesday, September 14 In 2011, the country is determined to meet all its obligations and that the recent measures to contain costs contribute to the achievement of Athens 2011 – 2012 budget 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 euro-zone debt situation is still very uncertain, and the focus is shifting to the meeting of EU finance directors held during the weekend, which also participates in the U.S. Treasury Secretary Timothy Geithner.

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

Federal Open Market Committee (FOMC) is scheduled to conduct a policy review of US two-day yields of 20 and 21 September 2011. It is unclear whether the Federal Reserve announced new measures to boost the U.S. economy. Among the possibilities that the Fed might consider including a second round of the quantitative easing or EQ3, Twist operation, which is the purchase of long verse sells short-term bonds, so that lower rates long-term interest, and interest rates lower on excess reserves held by banks at the Fed to increase the monetary aggregates.


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