Saturday, June 09, 2012
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks 08-JUN-2012,HDIL,Housing Development and I,GENUINE STOCK BROKERS PVT LTD,BUY,4698294,70.68,- 08-JUN-2012,IVRCLINFRA,IVRCL Limited,ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED,BUY,1427725,45.32,- 08-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,BUY,12946935,13.15,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,SUNEETA SETH,BUY,452712,9.97,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,THETA INVESTMENT (P) LTD,BUY,476634,9.94,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,UDIT SETH,BUY,425575,10.00,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,VARUN SETH,BUY,344181,10.00,- 08-JUN-2012,ARSSINFRA,ARSS Infra Proj. Ltd,IFCI LTD.,SELL,117204,56.39,- 08-JUN-2012,HDIL,Housing Development and I,GENUINE STOCK BROKERS PVT LTD,SELL,4698294,70.70,- 08-JUN-2012,IVRCLINFRA,IVRCL Limited,ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED,SELL,1430673,45.33,- 08-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,SELL,12599707,13.16,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,EMPEROR TRAVELS ## TOURS P LTD.,SELL,476634,9.94,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,GAMA INVESTMENTS PRIVATE LIMITED,SELL,425575,10.00,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,MADHU SETH,SELL,354462,9.96,- 08-JUN-2012,PEARLPOLY,Pearl Polymers Ltd,PEARL ENGINERING POLYMERS LIMITED,SELL,344181,10.00,-
James Crabtree, Chief Mumbai Correspondent, Financial Times, Uttam Nayak, Group Country Manager, South Asia, Visa Inc, Thomas Davenport, Director, South Asia, IFC, Ms. Nirupama Soundararajan, Additional Director, FICCI, Ms. Jayshree Vyas, Managing Director, SEWA Bank, distinguished guests, members of the press, ladies and gentlemen. It is my pleasure to be present here today to address this august gathering to deliberate on the challenge of financial education across emerging economies. Financial Literacy, together with Financial Inclusion and Consumer Protection form a triad which has a vital bearing on the stability of the financial system. Financial literacy is one of the major challenges facing countries across the globe, irrespective of their level of economic development and has been receiving significant attention from policy makers worldwide. I would, therefore, like to congratulate Financial Times and Visa for taking initiative by organizing this financial literacy forum and bringing together thinkers, policy makers and market practitioners to deliberate on how to enhance the effectiveness of our financial literacy efforts. When we talk about financial literacy, we are usually referring to a set of skills that allow people to manage their money wisely along with some understanding of essential financial concepts, not least an appreciation of the trade-off between risk and return. Financial Literacy is not just about markets and investing, but also savings, budgeting, financial planning, basics of banking and most importantly, about being "Financially Smart". To understand financial planning, a person should be financially literate and be able to understand the importance of preparing household budgets, cash-flow management and asset allocation to meet financial goals. Hence, the foundation of financial literacy needs to be laid by inculcating financial prudence through education at the school level.
It was a pretty good week for equities, as desperate investors snapped up beaten down shares on hope of emergency monetary action. While the Australian and Chinese central banks did cut rates, lack of commitment from the ECB and the Fed left investors dismayed. Another wave of dismal economic reports out of the eurozone coupled with yet another downgrade for Spain failed to influence the investors. However, things did cool down substantially on Friday in the wake of Fed chairman Ben Bernanke’s snub. The Chinese rate cut triggered speculation about Saturday’s data points. Tension also prevails over the precarious fiscal health of Spain and its fragile banks. Greek elections on June 17 will start playing on investors’ minds from next week. The following couple of weeks also has key events lined up, especially the FOMC meet and G-20 summit. For India, next week will be important, as the Government will release the latest IIP and inflation reports. The two data points could well have a bearing on the outcome of the RBI’s June 18 policy meeting.
Global markets witnessed a secular rally, as investors bet on coordinated action from policymakers, including central banks, to try and turn around the sagging fortunes of the global economy. Investors resumed their risky bets on hopes that the ECB and Federal Reserve will unveil fresh monetary stimulus to mitigate the impact from the simmering eurozone debt crisis. The ‘risk-on’ rally came in the aftermath of a downbeat report on new job additions in the US, raising expectations of QE3 from the Fed. The Group of Seven (G-7) leaders held a tele-conference to discuss the ongoing troubles in Europe. However, they didn’t come up with any new measures to dispel the atmosphere of gloom. Economic statistics from Europe continued to be disappointing while widely tracked service sector readings in the US and China showed some promise. Meanwhile, Spain sent a distress signal about the impact of the country's banking crisis on government borrowing, saying Madrid was losing access to credit markets at current rates. It urged Europe to help revive its troubled banks. The debt-ridden Spain still managed to meet its target for debt auction rather comfortably, sending yields on its 10-year benchmark sovereign bonds lower. That didn’t prevent Fitch Ratings from cutting Spain’s credit rating by three notches. Spanish officials could make a request for outside aid for its troubled banking sector as soon as this weekend, according to media reports. Separately, Moody's Investors Service downgraded the credit ratings of several German banks, citing increased risk of further shocks emanating from the eurozone debt crisis and their limited loss-absorption capacity. The European Central Bank (ECB) President Mario Draghi said that officials stand ready to act as the euro region’s growth outlook worsens. Draghi stressed the limitations of his current policy tools, from standard interest-rate cuts to bond-buying and liquidity injections (LTRO). Draghi also questioned the effectiveness of cutting rates further and flooding financial market with even more liquidity (LTRO). He said ECB’s main job is to ensure stable prices. Across the Atlantic, Draghi’s counterpart in the US, the Federal Reserve Chairman Ben S. Bernanke too refused to oblige the markets by not committing to a QE3. He told the Congress that the US central bank stands ready to act, but gave no indication that additional easing is imminent. Bernanke’s rebuff soured the sentiment globally, with investors reversing of the risky bets taken earlier in the week. Even China’s surprise rate cut failed to propel the markets higher on Friday. Next weekend will be critical for the global markets as the beleaguered Greece holds another election. It has been billed as a 'make-or-break' election for Greece. The outcome may well decide the debt-stricken country’s fate within the euro currency bloc. Hence, it pays to be cautious and wait till the important events lined up for this month pass by. Markets will also pay attention to important set of Chinese data due to be released on Saturday. For India, the next big event is on June 18, when the RBI will take a call on interest rates. Expectations of a 25-bps cut in the repo rate have been building ever since the Government released the dismal Q4 GDP data. A steep drop in global commodities, especially crude oil, has given some elbow room to the RBI to try and stimulate the sliding Indian economy. Markets will surely be disappointed if the RBI maintains a status quo on rates.
It was a wonderful week as desperate investors snapped up beaten down shares on hope of emergency monetary action. While the Australian and Chinese central banks did cut rates, lack of commitment from the ECB and the Fed left investors dismayed towards the end. Another wave of dismal economic reports out of the eurozone coupled with yet another downgrade for Spain failed to reduce the enthusiasm. However, things did cool down substantially on Friday in the wake of Fed chairman Ben Bernanke’s snub. The NSE Nifty surged ~5% this week to close at 5068, while the Sensex jumped 4.7% to close at 16719. The Banking, Auto, Realty and the Oil & Gas stocks were among the top gainers. The Chinese rate cut triggered speculation about Saturday’s data points. Tension also prevails over the precarious fiscal health of Spain and its fragile banks. Greek elections on June 17 will start playing on investors’ minds from next week. The following couple of weeks also has key events lined up, especially the FOMC meet and G-20 summit. For India, next week will be important, as the Government will release the latest IIP and inflation reports. The two data points could well have a bearing on the outcome of the RBI’s June 18 policy meeting. Also Read...Nifty closes above 5050...Sensex rises on late recovery Sensex top gainers: The top gainers in the Sensex were Reliance Infra (up 17%), Larsen & Toubro (up 15.4%), Reliance Capital (up 13.8%), Reliance Power (up 10.3%) and Hero Motocorp (up 10.1%). Sensex losers: Ranbaxy Labs lost 0.6% during the week. The BSE IT Index (up 1.2%):The top gainers in the IT sector sector were Financial Tech (up 7.3%), Satyam Computer (up 4.1%), Sasken Communication (up 3.2%), Oracle Financial (up 3.1%) and HCL Tech (up 1.7%)
This week the Indian markets ended with highest ever weekly gain of 2012, with the Sensex rising 4.72% and the Nifty surging by 4.68%. Major Headlines RBI hints at cut in interest rates India HSBC May services PMI jumps to 3-month high CCI orders on tyre, cement cartels in final stage PM makes an effort to motivate Infra projects RIL aims to outperform global peers Govt drives 5-star Hotels crazy on austerity measures
The market is likely to be volatile next week as investors brace for major global events over the next few days. On the macro front, the government will announce data on industrial production (IIP) for the month of April 2012 on Tuesday, 12 June 2012. The government will announce inflation data for the month of May 2012 on Thursday, 14 June 2012. Data on first installment of the advance tax payment due on Friday, 15 June 2012, could provide cues on Q1 June 2012 corporate earnings. Investors will closely watch how monsoon progresses in the country. A good monsoon can help increase farm output, which can ease food inflation and boost agricultural income. On 5 June 2012, the monsoon arrived in Kerala four days after the usual arrival date as a cyclone on the west coast stalled the onset. Investors will also watch movement in crude oil prices. India imports two-thirds of its oil consumption, so a rebound in oil prices will hurt its fiscal and trade balance negatively. Crude for July delivery was down 2.97% to $82.30 a barrel in Asian trading on Friday, 8 June 2012. Over the next few days, the focus will be on the Reserve Bank of India's (RBI) mid-quarter monetary policy review scheduled on 18 June 2012. Investors are hoping that the RBI will cut interest rates to prop up slowing economy after data released by the government last week showed India's economy grew 5.3% in Q4 March 2012, its slowest pace of expansion in nearly a decade. On the global front, Greek voters return to the polls on 17 June 2012 after the splintered results of a May 6 parliamentary election left no party able to put together a government.
The market spurted last week on hopes that the Reserve Bank of India (RBI) will cut interest rates at mid-quarter monetary policy review on 18 June 2012 to prop up slowing economy. The market sentiment also got a boost after Prime Minister Manmohan Singh on Wednesday, 6 June 2012, announced a big push to the infrastructure sector to revive sagging economic growth. The barometer index, BSE Sensex rose 753.71 points or 4.72% to 16,718.87. The 50-unit S&P CNX Nifty rose 226.75 points or 4.68% to 5,068.35. The BSE Mid-Cap index rose 2.86% and the BSE Small-Cap index rose 2.13%. Both these indices underperformed the Sensex. Foreign institutional investors (FIIs) sold shares worth net Rs 1807.70 crore in June 2012 so far (till 6 June 2012). FIIs sold shares worth net Rs 347.10 crore in May 2012. They had sold shares worth net Rs 1109.10 crore in April 2012. FIIs have bought shares worth net Rs 40686.70 crore in calendar 2012 so far (till 6 June 2012). FIIs had offloaded shares worth a net Rs 2714.20 crore in 2011.
Key benchmark indices rose for the fifth straight trading session and attained their highest closing level in 4-1/2 weeks on hopes the Reserve Bank of India (RBI) will cut interest rates at mid-quarter monetary policy review on 18 June 2012 to prop up slowing economy. Prime Minister Manmohan Singh's announcement of a big push to the infrastructure sector on Wednesday, 6 June 2012, to revive sagging economic growth, aided the rally on the domestic bourses. The 50-unit S&P CNX Nifty regained the psychological 5,000 mark, after falling below that level in intraday trade. The barometer index, BSE Sensex, rose 69.82 points or 0.42%, up close to 235 points from the day's low and off close to 50 points from the day's high. Indian shares gained for the fifth straight trading session today, 8 June 2012. The Sensex has risen 753.71 points or 4.72% in five trading sessions from a recent low of 15,965.16 on 1 June 2012. The Sensex has risen 500.34 points or 3.08% so far in this month (till 8 June 2012). The barometer index has gained 1,263.95 points or 8.17% in calendar 2012 so far (till 8 June 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,583.01 points or 10.45%. From a 52-week high of 19,131.70 on 8 July 2011, the Sensex has lost 2412.83 points or 12.61%.