Realty stocks slide

The key benchmark indices traded within a narrow range, the control of positive territory in early afternoon trade. In general, higher inventories in Asia and the gains in U.S. stock futures equities supported India. The BSE Sensex was up 53.16 points or 0.29%, compared to almost 80 points from days high and nearly 30 points the day lower. The market breadth was strong. Index heavyweight Reliance Industries (RIL) extended their losses after reversing early gains. IT stocks rose on renewed buying. Realty stocks declined. ( pan card for nri )

The market compared gains after a good start. The market soon rebounded. The market rose to fresh intraday high in morning trading. A bout of volatility witnessed in the mid-morning trade as the key index rebounded after hitting the intraday low cost commercially by mid-morning, shortly after a private survey showed growth in the manufacturing sector slowed in May 2011. Stocks fluctuated in a narrow range in early afternoon trade.

At 12:20 IST, the BSE Sensex was up 53.16 points or 0.29% to 18,556.44. The Sensex surged 132.84 points the day the large number of 18,636.12 in morning trading, its highest level since May 13, 2011. The index rose 23.58 points to 18,526.86 few days in early trade.

S & P CNX Nifty rose 15.15 points, or 0.27% at 5,575.30. Nifty shot up to 5,595.75 in morning trade at the highest level since May 13, 2011.

Extent of the market, shows the health market was strong. BSE, 1587 shares advanced while 939 shares declined. A total of 121 shares remained unchanged. ( nri share trading account )

Among the Sensex pack of 30 members, 20 shares rose, while the rest of them fell. Tata Motors, ICICI Bank and Tata Steel fell 0.81% to 0.99%. NTPC, Bharti Airtel and Reliance Communications rose between 1.82% to 2.66%.

Index heavyweight Reliance Industries (RIL) fell 0.57% to 946.30 rupees, rest day the large number of RIL is Rs 958th regasified would purchase liquefied natural gas (R-LNG) from Royal Petrone Dutch Shell and LNG at twice the price. The decision comes in the wake of the shortage of natural gas from its D6 field in the Krishna-Godavari (KG) basin.

IT stocks rose on renewed buying. the second largest in India’s software services exporter Infosys rose 0.22% with a volume of winning a second consecutive day. IT firm said last week it had received a subpoena from a grand jury in a district court of the United States requires the Company to provide certain documents and records of the sponsoring company and uses of B1 business visa. Infosys declared its intention to comply with the subpoena and cooperate with the investigation.

the largest in India software services exporter TCS gained 0.64%, with the gain in shares for the fifth consecutive day. The company said earlier this week he unveiled the next generation of treasury solutions, and leading private bank HDFC Bank will benefit from this integrated platform for greater efficiency. ( nri demat account )

India’s third largest software exporter Wipro rose 0.31%, with the gain share for the fourth consecutive day. Wipro Infrastructure Engineering – a division of the company has signed an agreement with the Spanish CESA Company for the manufacture of precision components designed for aerospace and defense. The agreement provides for the transfer of technology and production workload for the actuators in the aerospace and precision engineering components of the CESA Wipro. The notification was made last week.

Realty major DLF fell 2.07% on profit taking after a recent rally. DLF last week, said he focuses on high-margin residential projects. In the segment of commercial leases is the company’s strategy to increase average rents and focus on the rental of semi-finished and ready for recording properties. DLF has also declared its intention to boost operating cash flows and increase the momentum of non-core disposals. The company said it will be moderate investment in soil aggregation and plant investment. DLF said it has raised its overall objectives of asset disposals to Rs 10,000 crore to Rs 4500 crore (ex-Wind) beyond.

DLF said that consumers’ real users and actual demand business segments in both residential and commercial leasing remains healthy. However, speculative demand is in bankruptcy, investment demand has slowed considerably the cost of funding equation has changed for the worse, real estate major. DLF said that the prices that developers will be keeping current and future inflationary trends in mind to try to maintain product profitability / margins. ( nri online trading account )

Inter Realty stocks India Bulls Real Estate, Unitech, HDIL and Orbit Corporation fell by between 0.01% and 2.17%.

TVS Motor Company rose 3.42% after total sales increased 18.4% to 1.85 lakh units in May 2011 to May 2010. Total: two sales rose 18% to 1.81 lakh units wheel. Both domestic sales grew 16% to 1.58 lakh units wheel. Motorcycle sales rose 20% to 38,168 units. Moto increased 11% to 75,619. Exports rose 42% to 26,168.

Smartlink Network Systems has fallen from 7.48% Friday, extending a spectacular fall day 34.55% population has soared by turning the ex-dividend day special interim dividend of Rs 30 per share.

Cambridge Solutions locked at upper circuit was 20% at Rs 37.85 after its board approved the sale of substantially all of its contracts wholly owned subsidiary Cambridge Integrated Services Group Inc., United States Sedgwick.

Foreign institutional investors (IIE) bought shares worth Rs 1310.98 crore and domestic funds sold shares worth Rs 596.66 million rupees on Tuesday, May 31, 2011, according to provisional figures published by the exchanges.

On the macro front, India exports of goods increased by 34%, and 23.8 billion U.S. dollars in April 2011 compared to April 2010, after months of imports increased by 14% to 32.8 billion dollars more compared to April 2010, government data released Wednesday showed. Oil imports increased by 7.7% to 10.2 billion dollars. The trade deficit in April 2011 was $ 9,000,000,000.

India’s industrial growth slowed slightly in May has slowed the pace of new orders, but the plant input and output prices continued to rise strongly. HSBC Markit purchasing managers ‘index’, based on a survey of about 500 companies, fell to 57.5 in May and 58.0 in April weighed slower rate of growth of new orders and a labor shortage.

Recent data have shown that the Indian economy grew at a slower pace than expected by 7.8% in Q4 March 2011, and also slower than the revised 8.3% growth in Q3 December 2010. manufacturing output rose by 5.5% and agricultural production increased by 7.5% in Q4 March 2011. Gross domestic product grew by 8.5% in the fiscal year ended in March 2011, over 8% growth over the previous year.

The annual monsoon rains hit Kerala two days ahead of schedule this year, increasing the likelihood that the crop could spur third-largest economy in Asia. India Meteorological Department (IMD) has predicted the southwest monsoon in 2011 is 98% (normal) and long-term average (LPA) with a model error of plus or minus 5%. IMD has shown that it is highly improbable season rainfall is deficient (less than 90% of LPA) or more (greater than 110% of LPA).

Good rains will help alleviate food inflation and increase rural incomes. Precipitation, which falls from 96% to 104% of the long-term average is considered a normal monsoon season, but this does not guarantee a good harvest. The timing and distribution of rain is just as important. The geographic spread and volume of rainfall during the monsoon season is vital for the agricultural sector of India, which lacks irrigation of more than half of its farmland. Monsoon rains usually between mainland India by the southern state of Kerala in the first week of June, moving gradually to cover most of central and northern India in July, before retreating in September.

Most Asian stock markets rose on Wednesday, tracking overnight gains in stocks in the United States. The key benchmark indices in Indonesia, Singapore, Japan and Taiwan rose by between 0.27% and 0.82%. The key benchmark indices in China, South Korea and Hong Kong fell by between 0.05% and 0.15%.

A compiled version of the private managers of China’s purchase index fell to a 10-month low of 51.6 in May 2011 from 51.8 in April 2011. HSBC said the PMI survey, prepared by Markit and released Wednesday, said the modest growth of manufacturing in China, such as production and new orders grew at a slightly reduced pace. He also said that inflation in input costs has been reduced to a low level in nine months for the month, but held firm, however. China’s official version of the PMI, released Wednesday, printed in 52, down from 52.9 in April

Investors will be looking for a great deal of research that should give clues about the state of manufacturing in Europe and the United States later in the world today.

U.S. equity futures indicated that the Dow could get 22 points from the opening bell on Wednesday, June 1, 2011.

second round of Fed easing quantitative or QE2, an interim policy to increase the money supply, keeping interest rates low and stimulate the economy, ending June 30, 2011.


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