Friday, April 27, 2012
Global Cues: The European stocks closed mixed on Thursday (April 26, 2012), FTSE100 up by 0.52%, CAC40 down by 0.13% and DAX surged by 0.53%. The US stocks rose on Thursday. Dow Jones up by 0.87% and Nasdaq rose by 0.69%. The Asian shares are trading higher on Friday (April 27, 2012). SGX Nifty up by 3 points. Events for the day: Results: ICICI Bank, Axis Bank, JSPL, Siemens, Indiabulls Financial Services, Hexaware Technologies Stock in news: Aviation Ministry opposes service tax hike. Government may reject Coal India's Ltd ( CIL) min penalty clause in FSA. FII stakes in Kingfisher Airlines KFA up marginally during March quarter Rabobank sells 3.4% in Yes Bank for Rs453 crore. Cabinet allows raising private bank voting rights to 26%.
(Rs. 1 Lac
(Rs. 2 Lac
Tribovandas Bhimji Zaveri
120 to 126
3 to 3.50
Samvardhana Motherson Fin.
113 to 118
MRF has started production at its new plant in Tiruchi (Tamil Nadu). The company has invested around Rs.9bn on the 200-acre plant, which will manufacture a full range of tyres, including truck tyres and radials.. (BL) Power generators who do not have power purchase agreements (PPA) with electricity distribution companies will not get Coal India supplies.(BL) ONGC said it is open to set up more urea and gas-based thermal power plants in the areas it has a presence in the hydrocarbon sector. Mahindra South Africa, an affiliate of Mahindra and Mahindra, will market SsangYong products here, the first country outside India, after M&M acquired a 70 % stake in the Korean car maker last year. BL)
The F&O expiry session turned out to be quite tepid to say the least with the main Indian equity indices closing nearly unchanged. Today’s session was unusually low on volatility and lacked any specific direction right from start to end, with the NSE Nifty gyrating in a narrow trading band. The struggle for direction today came in the wake of Standard & Poor's move to lower the outlook on India's debt ratings to 'negative' from 'stable'. Indecisive Asian markets and renewed weakness in European markets added to the uncertainty. The BSE Sensex ended at 17,131, down 21 points or ~0.12% over the previous close. It had earlier touched a day’s low of 17,084 and a day’s high of 17,193. It opened at 17,191. The NSE Nifty settled at 5,189, down 13 points or 0.25% over the previous close. It touched a day’s low of 5,179 and day’s high of 5,215. Out of the 50 stocks in the Sensex notable losers were Gail India, Hero Motocorp, Hindalco, Tata Power, Bajaj Auto and Sterlite Industries. Among the major gainers were, Coal India, Jindal Steel, TCS, RIL and ITC.
In all things it is better to hope than to despair - Goethe. There’s despair on the street given that for many years, May to September has been more or less challenging for equities. We are staring at another boring opening after an unusually sedate F&O expiry. However, there is a silver lining in the dark clouds. Things might just perk up a wee bit amid reports that the Government could dilute the controversial GAAR to pacify agitating FIIs and breathe some life into the market. Another positive news is that monsoon is likely to be normal yet again. Also, the Cabinet has approved raising the cap on voting rights in private banks. The Nifty will see two new entrants today in Asian Paints and Bank of Baroda. They will replace R Power and RCOM. Important results for the day include ICICI Bank, Axis Bank, Jindal Steel, HCC, Hexaware and Siemens.
Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 6 points at the opening bell. ICICI Bank unveils FY 2012 results today, 27 April 2012. Axis Bank, Jindal Steel & Power and Siemens also unveil quarterly results today, 27 April 2012. Banking stocks will be in focus as in a push to financial sector reforms, the Cabinet reportedly on Thursday cleared the much awaited Banking Law (Amendment) Bill. It approved a proposal to cap shareholders' voting rights in private banks at 26% irrespective of their total holding. To find common ground with the Opposition, the Cabinet diluted the provisions of an earlier legislation to increase entities' voting rights in proportion to their shareholding. Key benchmark indices registered small losses in a lacklustre trading session on Thursday, 26 April 2012 as traders rolled over positions in the derivatives segment from the near-month April 2012 series to May 2012 series. The BSE Sensex shed 20.62 points or 0.12% to 17,130.67, its lowest closing level since 23 April 2012.
Thursday, April 26, 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 25/4/2012 512161 8K Miles Software BHAVINI VIJAYKUMAR SHAH B 70001 50.00 25/4/2012 512161 8K Miles Software RAVI PUKHRAJ SURANA S 45000 50.00 25/4/2012 530901 ACIL PRAGATI SHARES & STOCK SERVICES PRO.NARESH NAGINDAS SHAH S 4180000 0.44 25/4/2012 590122 Ashika Credit Cap SCOPE VYAPAR PRIVATE LIMITED S 79000 78.00 25/4/2012 531194 Brahmaputra Infra MUSKAN AGENCIES & TRADING PVT. LTD. B 500000 51.00 25/4/2012 531194 Brahmaputra Infra BRAHMAPUTRA FINLEASE PRIVATE LIMITED S 500000 51.00
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks 25-APR-2012,FEDDERLOYD,Fedders Lloyds Corporatio,MACQUARIE BANK LIMITED,BUY,856204,56.00,- 25-APR-2012,HOTELRUGBY,Hotel Rugby Ltd.,JIVRAJBHAI KARSHANBHAI DAKHRA,BUY,100000,12.20,- 25-APR-2012,HOTELRUGBY,Hotel Rugby Ltd.,SURESHBHAI SHAMJIBHAI DAKHARA,BUY,100000,12.20,- 25-APR-2012,JKLAKSHMI,JK Lakshmi Cement Limited,THE GREAT EASTERN SHIPPING CO,BUY,659683,66.00,-
Firm European shares helped Indian stocks recover from an intraday slide caused by global credit rating agency S&P cutting its outlook on India's long-term rating to negative from stable. Volatility was high as the 50-unit S&P CNX Nifty recovered after hitting its lowest level in nearly 4 weeks in early afternoon trade. The barometer index BSE Sensex trimmed losses after hitting its lowest level in more than one week. The Sensex lost 56 points or 0.33%, up close to 130 points from the day's low and off about 100 points from the day's high. Wipro tumbled over 7% after the company at the time of announcing its Q4 March 2012 results before market hours today said it expects revenue to remain flat sequentially in Q1 June 2012. Index heavyweight Reliance Industries (RIL) edged higher in volatile trade. Bank stocks were mixed. Realty stocks declined. Auto stocks were mostly higher, with bike major Hero MotoCorp hitting record high. The Sensex has declined 252.91 points or 1.45% so far in April 2012 (till 25 April 2012). The index has surged 1,696.37 points or 10.97% in calendar 2012 so far (till 25 April 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,015.43 points or 13.31%. From a 52-week high of 19,633.63 on 27 April 2011, the Sensex has lost 2,482.34 points or 12.64%.
Tuesday, April 24, 2012
The Indian markets may begin the trade on a flat note on the back of mixed Asian cues. Headlines for the day: FII holding in BoB falls below threshold limit: RBI. Maruti Suzuki to set up R&D centre at Rohtak. Govt allows RIL-BP to survey only 5 gas fields in KG-D6 block. TRAI sets steep minimum price for 2G spectrum auction.
On a consolidated basis, TCS' net profit, as per Indian GAAP, rose 3.3% to Rs 2895 crore on 0.4% rise in revenues to Rs 13259 crore in Q4 March 2012 over Q3 December 2011. TCS said it has become the first Indian IT company to cross the ten billion dollar milestone posting annual revenues of $10.17 billion. Commenting on the 2011-12 performance, N. Chandrasekaran, CEO and MD said, "We have carried our strong momentum through the fourth quarter to close out a year of strong growth. We have kept our focus on profitability and consolidated our market leadership." He added, "With our customer-centric approach, strong solution set and investments in game-changing technologies like mobility, big data and cloud, we remain well positioned to help our customers transform and drive growth in their businesses." Looking ahead to the financial year ending March 2013 (FY13), N Chandrasekaran said, "TCS is well prepared to achieve balanced growth across the industries and markets it operates in, given its holistic portfolio of services which are now achieving significant scale across markets."
Monday, April 23, 2012
The Indian markets ended nearly 2% down on the first day of the week due to weak global cues. The Sensex declined 277 points and the Nifty ended 90 points lower. Major Headlines: SBI revision in retail term deposit interest rates DLF drops on Sensex exclusion Telecom stocks plunge on TRAI regulations
F&O turnover surges Nifty May 2012 futures were at 5220, at a premium of 19.40 points over spot closing of 5200.60. Nifty April 2012 futures were at 5184, at a discount of 16.60 points compared to spot closing. Turnover on NSE's futures & options (F&O) segment surged to Rs 163080.44 crore from Rs 144561.78 crore on Friday, 20 April 2012. State Bank of India (SBI) April 2012 futures were at 2183, at a discount compared to spot closing of 2186. Tata Motors April 2012 futures were at 309.30, near spot closing of 309. Infosys April 2012 futures were at 2311.50, at a premium compared to spot closing of 2307. In the cash market, the S&P CNX Nifty shed 90.25 points or 1.71% to settle at 5,200.60, its lowest closing level since 29 March 2012. The near-month April 2012 derivatives contracts expire on Thursday, 26 April 2012.
With a track record of 145 years, Tribhovandas Bhimji Zaveri (TBZL) is a well-known and trusted jewellery retailer in India, particularly in Maharashtra. Started as a partnership firm initially, it became public limited company in July 2007. Currently, it has three promoters: Shrikant Zaveri, Binaisha Zaveri and Raashi Zaveri. Having registered office at Zaveri Bazaar, famously known for the gold jewellery business in the Indian financial hub, Mumbai, the company mainly sells gold and diamond-studded jewellery along with other products like platinum and Jadau jewellery across its showrooms. To cater to the changing taste across regions, it offers wide variety of jewellery from regions across India and also offers jewellery from various parts of world such as Italy, Turkey and Thailand. The company retails its jewellery through 14 showrooms with total carpet area of 48,818 sq ft, in 10 cities. Of the 14 show rooms, 11 are large format high street show rooms with carpet area of 3,000 sq ft and more and the remaining three are small format high street showrooms with carpet area of 1,000-3,000 sq ft. Currently, the company has six showrooms in Maharashtra, three in Andhra Pradesh, three in Gujarat, and one each in Kerala and Madhya Pradesh. Twelve out of 14 show rooms are under lease. Gold jewellery is the major contributor to revenue. In the nine months of fiscal ended March 2012 (9M of FY2012), gold jewellery constituted 72.48% of the total revenue. As a strategy to improve the margin, the company plans to increase share of diamond jewellery revenues in total revenue. The share of diamond- studded jewellery in total revenue increased from 21.62% in FY 2010 to 22.08% in FY 2011 and to 25.20% in 9M of FY2012. With the increase in scale of operations through expansion of retail outlets, the profitability has improved substantially in the past three years. The net profit margin has doubled from a mere 1.7% in FY 2008 to 3.4% in FY 2011 and has further increased to 4.5% in 9M of FY 2012. The marketing activities are focused on generate footfalls in showrooms throughout the year with launch of bangles and chain festivals, Oodiyanam festivals, advance payment scheme called, "Kalpavruksha" (paying advance amount throughout a plan period)
Key benchmark indices fell for the second straight day as weak European stocks and lower US index futures hurt sentiment. The 50-unit S&P CNX Nifty reached its lowest closing level in 3-1/2 weeks. The barometer index, BSE Sensex, hit its lowest closing level in almost 1-1/2 weeks. The Sensex shed 277.16 points or 1.6%, off close to 350 points from the day's high and up about 40 points from the day's low. The market breadth was weak. All the 13 sectoral indices on BSE were in the red. From a recent high of 17,503.71 on Thursday, 19 April 2012, the Sensex declined 407.03 points or 2.32% in two trading sessions. The Sensex has declined 307.52 points or 1.76% so far in April 2012 (till 23 April 2012). The index has surged 1,641.76 points or 10.62% in calendar 2012 so far (till 23 April 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,960.82 points or 12.95%. From a 52-week high of 19,697.49 on 25 April 2011, the Sensex has lost 2,600.81 points or 13.2%.
(Rs. 1 Lac
(Rs. 2 Lac
Tribovandas Bhimji Zaveri
120 to 126
4 to 5
Vedanta Aluminium's Lanjigarh project in Odisha may become another Kudankulam, as environment activists belonging to foreign non-Government organisations (NGO) have suddenly surfaced to show their concern.(BL) High costs, uncertain yield, less availability of wasteland are some of the reasons that have compelled Indian Oil Corporation (IOC) to review its biofuel business strategy.(BL) JSPL will invest over Rs.100bn in 2012-13 to part-fund its capex plan that aims to ramp up its steel making capacity to 18 million tonnes in five years.(BL) Construction of three railway lines for coal evacuation in Chhattisgarh, Jharkhand and Orissa will be a top priority for Coal India Ltd.(BL)
"Things that are done, it is needless to speak about; things that are past it is needless to blame." - Confucius. What led to Friday’s freaky afternoon fall remains largely a mystery with the NSE swearing by the robustness of its systems. The sudden and swift selloff could not prevent the Indian indices from notching modest gains though. Another big event on Friday was the RIL’s Q4 earnings. While the headline PAT figure was in line with estimates, the problems for the energy and petrochemicals major are far from over. The RIL stock could remain under pressure for a while till there are visible signs of improvement in core business. The start today is likely to be more or less flattish. Asian markets are mostly trending lower, despite IMF bolstering its firepower for dealing with unforeseen accidents. Sentiment might improve after China’s so-called ‘flash’ manufacturing PMI climbed in April from March. However, the key gauge still shows contraction.
Gold gains but silver drops Gold futures at Comex edged higher on Friday, 20 April 2012 underpinned by a weaker dollar. For the most part prices traded in narrow range lacking catalysts. Gold for June delivery advanced $1.40, or 0.1%, to settle at $1,642.80 an ounce on the Comex division of the New York Mercantile Exchange on Friday. On the week, gold lost 1%. May silver slipped 13 cents, or 0.4%, to end at $31.65 an ounce on Friday. On the week, however, silver gained 0.8%.
Prices register minor weekly gains Crude futures ended higher on Friday, 20 April 2012 at Nymex breaking a two-day losing streak and notching modest weekly gains as the dollar fell on an upbeat German economic survey and U.S. corporate news spurred hopes for more oil demand. Lighty and sweet crude for delivery in May rose 78 cents, or 0.8%, to $103.05 a barrel on the New York Mercantile Exchange. The contract expired at the end of floor trading Friday. On the week, prices climbed 0.2%.
The market may open lower on weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 13.50 points at the opening bell. IT major, Tata Consultancy Services (TCS) unveils FY 2012 results today, 23 April 2012. Index heavyweight Reliance Industries (RIL) after market hours Friday, 20 April 2012, reported 21.2% fall in net profit to Rs 4236 crore on 16.7% rise in turnover to Rs 87833 crore in Q4 March 2012 over Q4 March 2011. The company reported GRM (gross refining margin), the difference between the price of petroleum products and crude oil, of $7.6 per barrel in Q4 March 2012 compared with GRM of $6.8 per barrel in Q3 December 2011 and $9.2 per barrel in Q4 March 2011. Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, RIL said: "Our businesses have delivered industry leading performances. This is a reflection of the quality of our assets and growing demand for our products and services in India and internationally. We have created a strong foundation for future growth and are investing in our core upstream and petrochemical businesses in India. Response to our organized retail business has been very encouraging and we continue to expand our footprint by building more stores across verticals, formats and geographies. We remain committed towards providing world class, high speed wireless data services through the launch of our broadband access business."
Markets may see a subdued opening led by negative global cues and on account of SGX Nifty trading 10 points lower Headlines for the day: Govt allows 3 airlines to directly import 12.65 lakh kl ATF. JSPL to spend over Rs 10,000 cr on capex in FY13. Petrol pump dealers defer strike, govt to consider demands. Indian Oil Corporation (IOC), NOC in marketing agreement. GMR sells Rs179 crore worth of shares in Karur Vysya Bank.
Sunday, April 22, 2012
Saturday, April 21, 2012
Friday, April 20, 2012
Weak Asian markets are likely to derail a four-day 2.39% rally in the BSE Sensex. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 32 points at the opening bell. RIL announces Q4 results while Cairn India reports FY 2012 results today, 20 April 2012.
ICICI Bank and Punjab National Bank have reportedly cut their deposit and lending rates by 25 basis points.
Hindalco Industries reportedly plans to raise Rs 3000 crore in 10-year bonds at 9.55%.
Ambuja Cement reported a 23% fall in net profit to Rs 312 crore on 19% rise in net sales to Rs 2633 crore in the quarter ended 31 March 2012 over the quarter ended 31 March 2011.
Acceptance is not submission; it is acknowledgment of the facts of a situation.- KC Theisen.
We seem to be living in a world of guided missiles and misguided market. India entered the elite ICBM club on Thursday by successfully testing Agni-V long-range missile. The start today is likely to be slightly down due to weak global markets. US stocks fell on the back of disappointing economic data. European indices slipped on worries about Spain’s debt problems. Rumours of a possible downgrade of French rating also hurt the sentiment. Asian markets are mostly in red.
Interest rates seem to be heading down, with a few top banks lowering their base rate. Nationalised banks are reportedly under pressure from the Centre to slash borrowing costs. However, it remains to be seen whether they will also fall in line given the disparate nature of their balance sheets.
The Indian indices are expected to open last day of the week on a weak note on account of negative global cues. Reliance Industries’ results will be out today.
Headlines for the day:
Govt allows Rs5K cr overseas borrowing for airlines.
Mahindra Satyam to invest $240 mn globally on infrastructure.
KFA begins jet fuel import process.
Three SBI officials held for over Rs1 cr scam.
CBI raids BEML chief's residence.
Key benchmark indices gained for the fourth straight day to hit highest closing level in more than two weeks as firm European stocks supported domestic bourses. The BSE Sensex was up 111.32 points or 0.64%, up about 90 points from the day's low and off close to 25 points from the day's high. The market breadth was positive. Shares of HDFC Bank, Tata Motors and Sun Pharmaceutical Industries scaled record highs.
From a recent low of 17,094.51 on 13 April 2012, the BSE Sensex has gained 409.20 points or 2.39% in four trading sessions. The Sensex has risen 99.51 points or 0.57% so far in April 2012 (till 19 April 2012). The index has surged 2,048.79 points or 13.25% in calendar 2012 so far (till 19 April 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,367.85 points or 15.64%. From a 52-week high of 19,697.49 on 25 April 2011, the Sensex has lost 2,193.78 points or 11.13%.
Thursday, April 19, 2012
Both gold and silver prices shed around 0.7%
Bullion metal prices ended lower on Wednesday, 18 April 2012 at Comex. Prices fell as physical demand of gold seemed to drop. A steady dollar also restricted price rise. Prices fell in tandem with equities, which slipped over disappointing earning reports.
Gold for June delivery ended lower by $11.5 or 0.7%, to end at $1,639.6 an ounce on the Comex division of the New York Mercantile Exchange on Wednesday. The metal had gained 1.8% last week.
The Indian markets may start today's trading session on a flat to positive note as volatility still lingers. SGX Nifty is up by 17.50 points.
Headlines for the day:
HC sets aside contempt order against IFCI, its CEO.
FDI up 74% in Feb to $2.21 bn.
Wipro to be title sponsor of San Francisco Marathon.
RBI cuts bank rate to 9%.
The European stocks fell on Wednesday (April 18, 2012), FTSE100 fell by 0.38%, CAC40 down by 1.59% and DAX declined by 1.01%.
The US stocks closed lower on Wednesday. Dow Jones fell by 0.63% and Nasdaq down by 0.37%.
The Asian shares are trading mixed on Thursday (April 19, 2012). SGX Nifty up by 17.50 points.
Events for the day:
Results: IndusInd Bank, ACC, Ambuja Cements, Hindustan Zinc
Wednesday, April 18, 2012
Markets traded rangebound throughout the day and ended the session with marginal gains. Sensex rose 0.20% and Nifty closed 0.19% higher
HCL Tech hits weekly high post Q3 nos
HDFC Bank FY12 cons net profit up 31%
March retail Inflation at 9.47%
The company fixed IPO price band of Rs 120 to Rs 126
Tribhovandas Bhimji Zaveri (TBZ), a jewellery retailer in India, is entering the capital markets on 24 April 2012, with an initial public offering (IPO) of 1.67 crore shares. The company has fixed an IPO price band of Rs 120 to Rs 126.
The issue will constitute 25% of the post-issue paid-up capital of the company. The issue will close on 26 April 2012.
Key benchmark indices pared intraday gains and settled with small gains to hit highest closing level in two weeks. Market gained for the third straight day. The BSE Sensex was up 34.45 points or 0.2%, off close to 130 points from the day's high and up about 20 points from the day's low. The market breadth was positive. Index heavyweight Reliance Industries (RIL) logged small gain in volatile trade.
The Sensex has fallen 11.81 points or 0.06% so far in April 2012 (till 18 April 2012). The index has surged 1,937.47 points or 12.53% in calendar 2012 so far (till 18 April 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,256.53 points or 14.9%. From a 52-week high of 19,697.49 on 25 April 2011, the Sensex has lost 2,305.10 points or 11.7%.
Tuesday, April 17, 2012
Monday, April 16, 2012
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
16/4/2012 512161 8K Miles Software RANGAWALA ASLAMBHAI YUSUFBHAI B 45000 54.46
16/4/2012 512161 8K Miles Software RUPAL PIYUSH AVLANI S 35000 54.54
16/4/2012 512161 8K Miles Software PAULOMI KETAN DOSHI S 35000 54.48
16/4/2012 531194 Brahmaputra Infra BRAHMAPUTRA FINLEASE PRIVATE LIMITED S 75000 51.60
16/4/2012 532871 CELESTIAL SUNIL AGRAWAL B 138056 26.00
16/4/2012 530337 Exelon Infra HARSHA JAIN B 100000 9.90
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
16-APR-2012,CELESTIAL,Celestial Biolabs Limited,SUNIL AGRAWAL,BUY,124000,26.14,-
16-APR-2012,IVRCLINFRA,IVRCL Limited,GENUINE STOCK BROKERS PVT LTD,BUY,1898311,70.49,-
16-APR-2012,IVRCLINFRA,IVRCL Limited,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,BUY,2125000,70.83,-
16-APR-2012,IVRCLINFRA,IVRCL Limited,PENGUIN DEALTRADE PRIVATE LIMITED,BUY,1725000,70.96,-
16-APR-2012,KFA,Kingfisher Airlines Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,4306632,20.02,-
16-APR-2012,MTEDUCARE,MT Educare Ltd,ASHISH KACHOLIA,BUY,300000,99.46,-