Side counters in demand

The volatility of the baton as the main reference point once again fell into the red after being found positive for a brief period of afternoon trading. The BSE Sensex fell 50.20 points or 0.29%, compared with 111.04 points, until the day 27.43 points lower every day. Eight of the 13 sectoral indices on BSE were in negative territory. The size of the market was positive. The BSE Mid-Cap and Small Cap indices were in the green.

Index heavyweight Reliance Industries (RIL) has been volatile after the Comptroller and Auditor General (GAG) final audit report on the KG-D6 at sea, the cost of RIL RIL gas field, said that violated a contract production sharing (PSC) in D6 block and accumulated D6 mining company despite the lack of platforms NRI Demat account .

The market slipped into the red card after a positive opening. The market once again regained the positive zone. The fact that the market gains thereafter. Continued volatility as the benchmark key recovered after hitting intraday low cost in morning trading. The barometer index BSE Sensex has taken the psychological 17,000 mark after falling below that mark for a brief moment. The market remained positive area in the mid-morning trade. Benchmark key trimmed loser after the reversal of gains in early afternoon trade as volatility continues. Volatility ruled the roost as the benchmark key again slipped into the red after being found positive for a brief period in the business of the afternoon.

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 NRI online trading account .

At 13:16 IST, the BSE Sensex was down 50.20 points, or 0.29% at 17,014.80. The index rose 60.84 points the day’s highest 17,125.84 in early trade. The index fell 77.63 points to 16,987.37 in early trading day low.

S & P CNX Nifty fell 14.85 points, or 0.29% at 5,109.80. Nifty hit a low peak of 5,140.70 5,098.25 and intraday trading.

BSE Mid-Cap index rose 0.01% and BSE Small Cap index rose 0.51%. Both indices Sensex developed.

The market size, which indicates the general health of the market was positive. On BSE, 1,529 stocks rose and 1,071 declined stock. A total of 104 shares remained unchanged.

The 30-share Sensex pack, 18 fell, while the rest of them up.

Index heavyweight Reliance Industries (RIL) fell 0.55% to 827.15 rupees after the Comptroller and Auditor General (GAG) final audit report on the KG-D6 at sea, RIL gas field cost says RIL violated a production sharing contract (PSC) in D6 block and the mining company built D6, despite the lack of platforms. The audit was commissioned by the oil ministry because of allegations in 2007 “overregulation,” or artificially inflate the cost of the development costs of the gas field. The audit examined the oil and gas blocks, including four and India Reliance Industries, Cairn, which is gas fields in Rajasthan.

The last report of the CAG said the Oil Ministry should review the definition of contracted areas for exploration companies in the Krishna Godavari (KG) basin off the coast of Andhra Pradesh. The report questions the reasonableness of the CAG of spending in 2007/08 procurement activities in the area and said there was reason enough to review the mechanism of benefit sharing PAN Card for NRI .

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.

Manufacturer of India’s largest selling trucks Tata Motors rose 1.17% to 778.05 rupees. Tata Motors sold 64,078 vehicles in August 2011, 3% from last year. Car sales fell 33% to 16,829 vehicles, but sales of trucks and buses increased by 21% to 43,045 units. Tata Motors has sold 1202 units of his Nano mini-car in August 2011, 85% year on year, as the factory of Gujarat, was closed for two weeks for routine maintenance. Exports also fell from 18% to 4204 vehicles.

Wipro (up 2.97%), Infosys (up 1.91%), Sun Pharmaceuticals Industries (up 1.22%), TCS (up 0.94%), Larsen & Toubro ( up 0.83%), Cipla (up 0.65%), Sterlite Industries (up 0.51%), ICICI Bank (up 0.36%), edged higher from Sensex pack .

Jaiprakash Associates Diversified fell from 2.24% to Rs 69.75 after the company denied a report it is in talks to sell up to 26% stake in its cement business to a strategic partner.

Bajaj Auto (down 1.93%), Jindal Steel & Power (down 1.30%), HDFC Bank (1.28% down), Coal India (down 1.20%), Tata Steel ( down 1.19%), ONGC (down 1.12%) and Tata Power Company (down 1.03%), low-cut from Sensex pack.

The first winners in BSE Mid-Cap index was jubilant life sciences (up 5.70%), SKS Microfinance (5%), Madras Cement (up 4.61%) Thermax (up 4.46%) and Infotech Enterprises (up 4.45%).

They climb up and BSE Small-Cap Index had, Hindustan Dorr-Oliver (17.22%), Hanung toys and textile products (up 13.25%), Sasken Communication Technologies (up 10.35%), Sahara One Media & entertainment (up to 10.02%), and Shree Nath Commercial & Finance (up 9.93%).

Foreign institutional investors (FIIs) bought shares worth Rs 262.43 crore on Wednesday, 7 In September of 2011, as the exchange of preliminary data. FII bought shares worth a net Rs 2972.63 crore six sessions, from 29 August 2011-7 September 2011, as the exchange of information.

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.

Annual inflation in food articles group declined to 9.55% for the week ended August 27, 2011, from 10.05% the previous week, the Ministry of Trade and Industry said in a statement. Was 14.76% for the same period last year. However, inflation in the major group rose to 13.34% in the week in review articles of 12.93% for the week ended August 20, 2011. Was 15.24% in the period last year. Inflation in fuel and electricity group was 12.55% in the week ended August 27, unchanged from the previous week, the latest data show. Was 12.61% in the corresponding week last year.

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. 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 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 published earlier this 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.

The report was optimistic about India’s ability to overcome an economic crisis. While not immune to a slowdown in international growth, the strength of domestic demand and economic diversity provides protection against a downturn in the exposed sectors worldwide, the report said. India noted that the foreign exchange reserves equivalent to four times its external 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.

Services sector in India has increased its slow rate of more than two years in August 2011, and strangled by a weak expansion of new business in the world’s faltering economy and tense domestic monetary conditions are weighed, the research showed on Monday September 5, 2011. HSBC Markit index business, which is based on a questionnaire of about 400 companies, slumped in July 58.2 53.8 August, the index’s largest one-month decline since January 2009. It was also the weakest growth since June 2009, but the index remained above the 50 mark that separates contraction in growth for 28 consecutive months.

The new business sub-index fell to its lowest level in three months in August to 54.9 from 59.3 in July, as the global economic situation sinks hit orders. Expectations of new businesses have also been revised down in August. The survey also showed reduced levels of employment in the services sector for the second consecutive month, the growth of new businesses has decreased while the input costs and output prices continued to march ahead.

Indian manufacturing activity slowed in August 2011 to 29-month low as the export has had players in the middle of a lingering uncertainty about the global economic situation, research has shown this past week. The seasonally adjusted Purchasing Managers ‘Index’, HSBC, prepared by Markit, fell to 52.6 in August to 53.6 in July. The pace of new order flows in the month of August has slowed to the slowest in 29 months, export orders fell by the strongest rate since the series began, HSBC said.

Production fell to delay the first time since March 2010, pressure on operating capacity decreased. Moreover, the intensification of inflationary pressures in both input prices and production increased.

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.

European markets were mixed as investors waited to see if the European Central Bank signals a change in policy to support the euro zone economy sick. The key benchmark indices in the United Kingdom and Germany were up 0.01% to 0.11%. France’s CAC 40 fell 0.14%.

The European Central Bank (ECB) should maintain its benchmark interest rate unchanged at 1.5% monthly interest rate to be held today, September 8, 2011. During today’s policy meeting, the Bank of England (BOE) Monetary Policy Committee should also keep its key benchmark interest rate is 0.5%, thirty-first consecutive month at a pace well.

Most Asian shares were Thursday, September 8, 2011, before important political statements due by the United States and Europe. The key benchmark indices in China, South Korea, Singapore, Taiwan, Japan and Indonesia were up 0.06% to 1.84%. Yet over the Hong Kong Hang Seng 0.74%.

Bank of Korea held out of increased borrowing costs today, in the middle of the mounting risks to global economic recovery will stop.

China will launch a series of economic data Friday, September 9, 2011, with the emphasis squarely on inflation. No surprise, conversely, in particular a number above the inflation rate in July, would be negative for stocks in China, and probably also hurt shares in other parts of Asia. With prices of food and fuel doping, inflation in China reached a maximum of three years from 6.5% in July 2011, prompting some movements of monetary tightening from the Bank of China.

The U.S. index futures indicated the Dow could fall 28 points at the opening bell 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 equity markets have performed well on Wednesday, 7 In September 2011, when a German court has ruled in favor of the proposed rescue of euros, the Fed’s Beige Book showed that the U.S. economy continues to grow, and because the information was the U.S. President ‘s creation of proposals will be revealed later on Thursday, September 8, 2011. In a speech to a joint session of Congress Thursday night, U.S. President, Barack Obama intends to propose the strengthening of the work, injecting more than $ 300 billion to the economy next year, especially in tax cuts, investments in infrastructure and support for governments state and local.


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2 Comments


  1. Aaron Wakling, 5 years ago

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  2. Side counters in demand | nrisharetradingaccount.com | Forex Maha Gyan | Forex Tips | Stock Market Tips | Insurance Tips, 5 years ago

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