Sensex 235 Points At The Day Low, The Width Of The Positive

The key indices lost ground reference positive in afternoon trade on European markets and firm U.S. futures index. The 50 units S & P CNX Nifty has taken the psychological 5000 mark, after moving alternately above and below the mark earlier in the day. Index heavyweight Reliance Industries (RIL) rose in volatile trade. The barometer index BSE Sensex rose from 70.68 points or 0.42%, up almost 235 points down and the day is about 65 points higher the day.

Capital goods stocks fell. Interest-sensitive real estate stocks gained on bargain hunting following recent heavy losses. IT stocks reversed early losses to a weak rupee. Bank interest-sensitive part is out intraday low before tomorrow RBI review of monetary policy, September 16, 2011.

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.

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. Intraday recovery accelerated in afternoon trade.

ONGC exploring oil state has about 11,000 crore rupees offer public surveillance (FPO) will suck the liquidity of securities markets in the short term. According to market discussions, the FPÖ is scheduled to be released this month. ONGC has filed a prospectus with the OPS with the Securities and 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 companies in the current fiscal year through March to fund social sector.

Investors will be keenly watching the data for the second quarter in September 2011 company tax payment due prior to today, September 15, 2011, which can give signals of Q2 September 2011 results.

At 14:20 IST, the BSE Sensex rose 70.68 points, or 0.42% at 16780.43. The index rose 134.38 points, the day when the highest 16,843.98 at the beginning of trading, the highest level since September 9, 2011. The index fell 164.03 points a day low of 16,545.57 in mid-morning trade.

S & P CNX Nifty rose 31.85 points, or 0.64% at 5,044.40. Nifty has hit its highest 5,062.35 in intraday trading to its highest level since September 9, 2011. Nifty has hit the lowest intraday trading 4,967.45.

Market size, indicating the overall health of the market was positive. On the BSE, 1,400 stocks rose and 1,216 declined stock. A total of 97 stocks remained unchanged. The scale was balanced between positive and negative alternately area for a brief period in the morning trade.

The 30-share Sensex pack, 16 fell and the rest of the squad. Tata Motors, Jaiprakash Associates and Jindal Steel & Power is increased by 0.96% and 3.44%. Tata Steel, Larsen & Toubro and Hindustan Unilever fell by between 1.11% and 1.28%.

Index heavyweight Reliance Industries (RIL) rose 0.38% to RS 828.40. Stock was unstable. Warehouse has now reached a level of Rs 833.05 and low of Rs 813.55 so far during the day. Oil Ministry to consider as soon as I heard Ril of $ 1.52 billion plan to develop satellite fields in KG-D6 block, able to supply about 10 million metric standard cubic meters per day (MMSCMD) of natural gas in five years . The plan, if approved, will help RIL to reverse the production of deep water block, and help consumers, particularly fertilizer and energy production are influenced by both yield the D-6 block is dropped below 50 MMSCMD, instead of rising 80 MMSCMD because of 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.

Ultratech Cement rose 1.78% after the company reported pre-tax payment jumped 71.42% RS 120 crore in Q2 September 2011 over Q2 September 2010.

Ambuja Cements was 2.4%. The company pre-payment of taxes reportedly rose to 5.55% RS 95 crore in Q2 September 2011 over Q2 September 2010.

Hindalco Industries fell 0.59%. Company tax payments have increased by a muted 7.14% to RS 150 crore in the second district in September 2011 during the Second Quarter in September 2010.

Cipla declined 0.14%. Payment of withholding tax that a company have increased to 7.69% silenced Rs 70 crore in Q2 September 2011 in Q2 September 2010.

Interest-sensitive real estate stocks gained on bargain hunting following recent heavy losses. DLF, HDIL, India Bulls Real Estate and Unitech gained between 1.96% to 3.58%.

Capital goods stocks declined. BEML, Larsen & Toubro, Praj Industries, ABB and Punj Lloyd pays between 0.04% to 1.77%.

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 47.77/78 per dollar, weaker near Wednesday’s 47.62/63, when it had touched 48.02, its lowest since September 29, 2009.

India’s second largest exporter of software services company Infosys received 1.41% of volatile trading. The company is reportedly close to acquiring a business of Thomson Reuters Health 700-750000000 bargain dollar. If the deal goes through, has acquired the largest Infosys. Thomson Reuters offers a range of health data, analysis and performance benchmarking solutions and services to businesses, government agencies and health professionals.

The largest exporter of software services in India TCS rose 1.59% to Rs 1033.25, off day low 1010.45 Rs. The company announced in the market hours today that it has signed a one year contract over several years with the Nets, one of the largest flow of payment solutions and credit card companies to exchange information in Northern Europe. The contract includes application maintenance and development of services across the value chain Nets card payment and eSecurity.

India’s largest software services exporter Wipro rose 0.76%.

The populations of interest rate sensitive bank intraday low came ahead of tomorrow RBI monetary policy review, September 16, 2011. The second largest bank in India the private sector HDFC Bank net profit rose 0.66% to 482.35 rupees, the lowest daily to 471.80 rupees. India’s largest private sector bank ICICI Bank net profit fell to 865.25 rupees 0.16%, the lowest daily to 851.25 rupees.

The largest bank of India branch and net profit State Bank of India (SBI) rose 2.38% to SR 1875 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.

Sun TV Network is down 3.06% on reports the Legislative Assembly of Tamil Nadu Wednesday, 14 In September 2011, approved a bill to entertainment tax burden on direct-to-home television providers to serve the state.

Jyoti Structures gained 1.95% after the company formed a joint venture with U.S. engineers and builders Lauren Inc.

Foreign institutional investors (IIE) has sold shares worth Rs 45.82 million rupees, Wednesday, September 14, 2011, according to provisional figures. Downloaded FIIs net shares worth Rs 1876.64 crore in four trading sessions 9-14 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.

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. However, if the banking crisis in Europe out of control, emerging market stocks will be vulnerable to new assignments, the survey report said. The global fund managers have reduced their level of underweight in India, according to the survey.

Finance Minister Pranab Mukherjee on Tuesday 13 In September 2011, said the central banks of emerging countries have been forced to raise interest rates several times, as they battle high inflation, exposing them to volatile capital flows. The question of immediate interest to emerging economies, is the management of large inflows of capital, he said. Large capital flows and volatility of emerging markets can be volatile, because they lead to large fluctuations in exchange rates and in some cases, make a consolidated maintain high foreign currency reserves in case of sudden and large capital flight international.

Secretary for Economic Affairs R. Gopalan Tuesday, September 13, 2011, said that the government will review the loan ceiling of foreign companies at the end of September 2011. The government currently allows foreign loans of up to $ 30 billion. However, the border should be reached quickly that companies are reluctant to 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 modest initial response to the IFI the government sharply increase the ceiling for FII investments in long-term corporate bonds issued by companies in the infrastructure sector in March 2011 that the government Monday, September 12, 2011, further relaxed Standards FII investment in such bonds. Ministry of Finance said in a statement that FIIs can now invest in infrastructure bonds in the long run, however, capped at $ 5 billion limit, which has an initial term of five years or older at the time of the issue and maturity of one year when the first purchase by FIIs. These investments are subject to a vesting period of one year. FIIs allowed to trade in these bonds, but can not sell to domestic investors in jail during a year.

FII can invest now, 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 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 September 3, 2011, year after year, down from 9.55% last week, government data released Thursday. The index of primary articles, which has a 20.12% weight in the index of wholesale prices, increased by 13.04% in the week under review compared to the 13.34% increase from the previous week, according with data published by the Department of Trade and Industry. The fuel and power index increased by 13.01% against 12.55% the previous week.

Inflation measured by wholesale price index (WPI) accelerated to 9.78% in August 2011 from the previous month’s preliminary reading of 9.22%, according to government data released on Wednesday, September 14, 2011 showed. Reading inflation exceeded market expectations. The government also revised upwards the inflation rate in June 2011, an increase 9.51% 9.44% temporary previously reported.

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.

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.

In the long-term rainfall in the second half of the season helped to alleviate concerns that the monsoon this year could fall below their long-term average, after a brief pause in July, when the country usually receives one third of monsoon rains. Monsoon was 3% above average and up to September 7, 2011, as per the latest information on the Indian Meteorological Department (IMD). A large part of the country were the average of the average rainfall this year, but the season has been characterized as well as cradle and periods of torrential rains in some parts of western and eastern.

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 in general, can improve farm incomes in rural areas and have an impact on the global economy through increased spending on consumer goods and lower prices for foodstuffs. But food prices are not necessarily fall if the rains and the long delay in some areas affecting crops.

Moody’s Investors Services confirmed its rating of Baa3 foreign currency debt rating of India and the Ba1 local currency debt annual credit analysis published last week. Votes for the company given the positive outlook for bonds denominated in Indian rupees, saying it is considering a rating of Baa3 uniform for all bonds if India is to improve the fiscal position and its commitment to strengthen the market inside. Currency debt outlook 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 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, the European 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 1.67% to 2.02%.

In a conference call, the Greek Prime Minister was quoted as saying, Wednesday, September 14, 2011, the country is determined to fulfill all its obligations and that the recent austerity measures help Athens meet its fiscal targets for 2011 and 2012.

The addition of relief to investors, the Italian Prime Minister Silvio Berlusconi on Wednesday, September 14 In 2011, he won the vote of confidence in a plan rigorously for Italy, the third largest economy in the euro area.

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 Asian stocks rose on Thursday 15 September in 2011, where the atmosphere increased the insurance from France and Germany, that Europe is standing behind the greek people will fight to cut its debt pile. Benchmark indices in Singapore, Japan, Korea and Taiwan increased between 0.65% to 2.17%. However, the benchmark indices in China, Hong Kong and Indonesia fell by 0.23% and 1.26%.

The U.S. index futures Dow Jones said that could earn 28 points in 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.

The Federal Open Market Committee (FOMC) is scheduled to conduct a policy review in two days on U.S. interest rates, 20 to September 21, 2011. It remains to be seen whether the Federal Reserve announced new measures to boost the U.S. economy. Among the options that the Fed might consider including another round of quantitative easing and EQ3, the operation of rotation is the long-term purchase verses sell short-term bonds to reduce long-term returns, and reducing the rate of excess reserves of the Federal Reserve Banks to increase the monetary aggregates.


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