RIL, It Stocks Lead Decline

Key benchmark indices reached their lowest level in more than three weeks as data showing sustained selling by foreign funds in recent days has affected the sentiments. BSE Sensex fell 115.35 points or 0.64%, down from almost 195 points high of the day. The market size, which indicates the health of the market is low. Index heavyweight Reliance Industries (RIL) has reached the 52-week low. IT stocks fell on weak U.S. economic data and sovereign debt crisis in Europe. PAN Card for NRI

Tata Steel has held firm after the company said it decided to sell its entire 26.72% in Riversdale Mining Rio Tinto to A $ 1.06 billion (R 5011.68 crore). PSU WTO has also increased the price of crude oil fell. Bank shares recovered. Shares of telecommunications won. NRI Demat Account

Market returns to a positive zone after the shells of the initial gains to turn negative for a brief period in early trade. Benchmark indices slipped in red hit a minimum three weeks of morning trading Asian stocks weaker. The benchmark index trimmed losses after a three-week lows by mid-morning trade. The market moved in a narrow zone of negative ground in early afternoon trading. Advanced market losses in afternoon trading. Further weakened the market to hit fresh intraday low in mid-afternoon trade. High volatility has been seen on the market at the end of the Sensex fell back after recovering from a lower level NRI Share Trading Account.

BSE Sensex fell 115.35 points, or 0.64%, its lowest closing level since May 25, 2011. The Sensex lost 141.79 points at 17,844.09 down day in mid-afternoon trading. The Sensex is 78.88 points at day high 18,064.76 in early trading.

The S & P CNX Nifty lost 30.35 points, or 0.56% to 5366.40, its lowest close since May 25, 2011. Nifty hit the bottom of 5355.85 in afternoon trading.

The BSE Mid-Cap index fell 0.83% and BSE Small Cap index shed 0.92%. Both indices underperformed the Sensex.

The market size, which indicates the health of the market is low. On BSE, 1952 shares declined, while 962 stocks advanced. A total of 108 shares remained unchanged. The breadth was positive earlier in the day.

Among the Sensex pack of 30 members, 18 stocks fell, while the rest of them have increased. NRI Online Trading account.

BSE clocked turnover of Rs 2,676 crore, lower than R 2691.58 crore on Thursday 16 June 2011.

Index heavyweight Reliance Industries (RIL) fell 2.21% RS 868.40, extending recent losses triggered by reports of the government watchdog has accused the Ministry of Oil to the company giving a double development costs for its KG-D6 gas field. In stock hit a 52-week low of Rs 865.25 today. As per recent reports, a final report by the Comptroller and Auditor of India (CAG) has questioned the decision of the Ministry of Petroleum and its technical arm, Director General of Hydrocarbons (DGH), RIL to increase the cost of developing the KG -D6 field. Central Bureau of Investigation (CBI) is an examination of the question.

Meanwhile, RIL is before tax would have jumped 38.46% to RS 900 crore in the first quarter, in June 2011 at the First District in June 2010.

PSU OMC increased the price of crude oil fell. The drop in oil prices may reduce under-recoveries of public enterprises Petroleum Marketing (PSU OMC) on the domestic sale of diesel, LPG and kerosene at controlled prices. The government has already released the price of gasoline. BPCL, HPCL and Indian Oil Corporation rose between 0.61% to 2.7%. The Indian government has been dithering to increase the price of diesel and cooking gas also rose a year ago.

Crude oil fell to its lowest level in four months in New York the problem of the Greek debt crisis will threaten the economic recovery in Europe, the demand for fuel brake.

Service Providers of the shares of offshore oil fell as crude oil fell. Aban Offshore, Great Offshore and Dolphin Offshore Drilling Jindal was reduced by 0.58% to 3.77%.

Shares rose on expectations of telecommunications operators may consider hiking rates after DoCoMo Tata’s decision to hike, as pre-paid rates in Tamil Nadu circle. Idea Cellular, Bharti Airtel and RCOM acquired by between 1.49% to 3.53%. DoCoMo Tata is the arm of Tata Teleservices GSM TTML parents. According to reports, other telecommunications operators can adopt selective tariff circle circle increases as unsustainable as it is to continue with aggressive pricing.

Bank interest-sensitive part recovered. India’s second largest private sector bank by net profit HDFC Bank rose 0.34% to Rs 2350.95, off day low of Rs 2333.05. Withholding tax of the bank would have increased 26.98% to RS 400 crore in the first quarter, in June 2011 in the first district in June 2010.

The largest private bank in India with a net profit ICICI Bank rose 0.29% 1031.45 RS, rest day low of Rs 1024 Bank before tax increased by 11.42% reported RS 390 crore in Q1 June 2011 over Q1 June 2010. Higher than the pre-payment of tax normally indicates a higher profit for the period under review.

Most commercial network of bank branches in India State Bank of India (SBI) rose 0.24% to 2211.10 rupees, rest day low of R 2190. The withholding of the bank increased to 29.41% Rs 1100 crore in Q1 June 2011 in Q1 June 2010.

IT stocks fell on weak economic data in the United States and the continued state of the debt crisis in Europe. In the United States and Europe are the two key markets for Indian IT companies. Infosys, TCS, HCL Technologies, India Rolt, Oracle Financial Services Software, Patni Computer Systems, Mphasis, Tech Mahindra and Wipro fell between 0.15% and 3.58%.

Interest-sensitive part Realty fell on concerns about higher interest rates may Dent demand for residential and commercial properties. Purchase of two residential and commercial buildings are largely driven by finance. HDIL, India Bulls Real Estate and Unitech fell 0.32% to 1.48%.

Tata Steel rose 3.45% and was the winner of Top Sensex pack after the company said after trading hours on Thursday, he decided to sell its entire 26.72% in Riversdale Mining at Rio Tinto to A $ 1.06 billion (Rs 5011.68 crore), giving total control of Rio Tinto Africa-based coal mining company. The sale represents approximately 100% of the appreciation of the value of less than four years, the first investment of Tata Steel, Tata Steel said. Tata Steel said it would not stay an investor without a joint venture with the majority owner. Investment is currently owned by Tata Steel Global Minerals Holdings, an indirect wholly owned subsidiary of Tata Steel.

However, Tata Steel will continue to maintain its 35% stake in Riversdale units, which owns the mines Mozambiquel Benga.

Interest-sensitive auto stocks fell on concerns about higher interest rates may require Dent for cars. Tractor and utility vehicle maker Mahindra & Mahindra (M & M) fell 2.02%, with the stock down for the third consecutive day. The company pre-tax income would have increased 42.85% to Rs 90 crore in the first quarter, in June 2011 at the First District in June 2010.

Largest producer of trucks and buses in India, Tata Motors shed 0.38% of the company reported pre-tax profit fell by 4.61% RS 62 crore in Q1 June 2011 over Q1 June 2010. Tata Motors in worldwide sales of vehicles increased by 11% to 88,251 units in May 2011 to May 2010. Jaguar and Land Rover sales rose 17% to 22 296 units, led by an increase of 30%, Land Rover for sale. The company reported sales figures during the hours of trading on Wednesday, June 15, 2011.

Maruti Suzuki India fell 1.85%, reversing early gains triggered by news of the strike the company’s Manesar, Haryana unit ended late Thursday, June 16, 2011. The company has reportedly returned 11 employees were laid off during the strike, citing insubordination.

Bajaj Auto dropped 0.75%. The company reportedly before tax increased by 13.63% and RS 125 crore in Q1 June 2011 on Q1 June 2010.

Most capital goods stocks fell, taking the result. ABB, Bhel, Siemens, Thermax, paid between 0.01% and 2.03%.

Cals Refineries has managed the largest volume of 76.24 shares lakh on BSE. Lovable Lingerie (56.34 shares lakh), SpiceJet (50.54 shares lakh), REI Agro (47.11 shares lakh) and Birla Power Solutions (44.51 shares lakh) were the other toppers volume, in that order.

Lovable Underwear clocked the highest turnover of Rs 241.41 crore to BSE. Kotak Mahindra Bank (RS 133.75 crore), RIL (RS 99.71 crore), Sun TV Network (RS 97.20 crore) and State Bank of India (RS 80.38 billion rupees) were the other turnover toppers in that order.

Top Indian companies would have paid more tax in the early 1 June 2011 quarter, indicating a good Q1 June 2011 earnings, which will begin to cheat in the coming months.

Reserve Bank of India (RBI) raised its key rate to know the loans. repo rate by 25 basis points to 7.5%, as expected, after a mid-quarter monetary policy, Thursday, June 16, 2011 to tame inflation, saying that monetary policy remains strongly anti-inflationary . While the Reserve Bank of India must continue its anti-inflationary stance, the scale of political action necessary to balance the negative fluctuations in inflation with the latest global developments and their likely impact on the way to inner growth, RBI said in its policy statement on 16. June 2011.

Based on current growth and evolution and the scenario of inflation, the Reserve Bank of India needs to pursue its anti-inflationary monetary policy, the central bank. The RBI said it will continue to maintain liquidity so that neither excess liquidity dilutes the monetary deficit or choking off the flow of funds to productive sectors of the economy.

The price index for food increased by 8.96% and the rate of fuel prices increased 12.84% in the year to June 4, 2011, government data showed on Thursday. In the past week, food and fuel inflation stood at 9.01% and 12.46% respectively. The price index for primary articles rose by 12.86% compared to an annual increase of 11.52% a week earlier

South West monsoon rains were 9% below normal at week 15 June 2011, rice and cotton growing areas in the south and east of the suffering of the lowest rainfall. Monsoon, agricultural production in India vital trillion economy has hit the south coast, May 29, 2011 This year, three days ahead of schedule. Meteorological Agency expects to release its forecast for the rest of the monsoon season early next week.

European stocks recovered from early losses to trade higher by mid Friday expected to Germany and the European Central Bank to resolve their differences over the Greek aid. The key benchmarks in the UK, France and Germany increased from 0.33% to 1.13%.

The International Monetary Fund announced Thursday, June 16, 2011, continues to support Greece as long as the country adopted economic reforms. Olli Rehn, European Commissioner for Economic and Monetary Affairs, said Thursday, June 16, 2011 that he was convinced that the finance ministers of the euro zone must approve Sunday, June 19, 2011, the next installment of the delinquent loans Greece.

The Greek ASE Composite rose 2.8% to 1,242.37, after a cabinet reshuffle in which Evangelos Venizelos was appointed finance minister, replacing George Papaconstantinou, who became Minister of the Environment.

Most Asian stocks fell on Thursday as investors remained cautious about the development of Greece’s debt problems. The benchmark indices in Japan, China, Indonesia, Hong Kong, Singapore, South Korea and Taiwan fell by between 0.21% and 1.17%.

The U.S. index futures Dow Jones said that could earn 80 points in the opening bell Friday, June 17, 2011. U.S. index futures moved between gains and losses.

The U.S. Federal Reserve to hold policy meeting on Tuesday, June 21, 2011 and Wednesday, June 22, 1011, and gives a political declaration after the meeting. Fed’s second round of quantitative easing, or QE2, a policy designed to temporarily increase the money supply, to maintain low interest rates and stimulate the economy, which ends June 30, 2011. Section of the market is speculating on the possibility of a third program of quantitative easing, the Fed, after the current expires in June 2011.


PAN-CARD-for-NRIs

Comments are closed.