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Sunday 24 March 2013

Stock Market News On 25th Mar 2013



The global markets, lost the way in recent weeks could find their winning ways again as Cyprus turns into a bailout nation.The finance minister of Seventeen eurozone  have cleared a deal that Cyprus reached with international bailout negotiators and this in turn could prevent a run on banks and a financial meltdown in the tiny region which has given world market the shivers. The Cyprus deal allows 10 billion euros of emergency loans.

The Indian market open on a positive the day and could race ahead in this holiday truncated week.Expect the usual roughness on account of F&O expiry coming in on Thursday. Asian indices are higher.

Japan’s Nikkei is high at 1.4%; South Korea’s Kospi is up 1.5% while Hong Kong’s Hang Seng Index is up over half a percent.China’s Shanghai Composite is flat. 

Finance Minister P Chidambaram,announced on Saturday rationalisation of FII investment norms in both corporate and government bonds.

With diesel prices being hiked,stocks of oil marketing companies could remain in focus. Petroleum Minister said that the Cabinet would take up the shale gas exploration policy in two weeks.

RIL could be in action,there is no case for proceeding against key Reliance executives in the 2004 case, when the company was blamed for allegedly routing international telephone calls as local ones, says a report.

The Comptroller and Auditor General is likely to restart audit of Reliance Industries spending on the KG-D6 gas block early next month after issues over scope of the scrutiny are resolved to everyone’s satisfaction.

TCS could be in focus on reports that it may bag a Rs 1100 crore systems integration contract from India Post.

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Tuesday 19 March 2013

Stock Market News On 19th Mar 2013


On political worries the Shares Of India Fall

- The BSE index is down 1.45 % while the 50-share NSE index is low 1.6 % .

- A key regional ally, the Dravida Munnetra Kazhagam,pulled out of the country's   ruling coalition in protest againstthe government's position on a U.S.-backed United Nations    resolution on war crimes carried out during Sri Lanka's civilwar. 
  
- The news sent shockwaves through the market that was already under pressure after the central   bank disappointed investors with a statement seen as cautious on monetary policy. 
    
- Among blue chip shares leading the fall, Oil and Natural Gas Corporation Ltd falls   3.3        percent, while Larsen & Toubro is down 2.8 percent and Mahindra & Mahindra drops 3 percent.

- Banking stocks are under pressure after the cash reserve ratio was left unchanged at 4.00       percent. ICICI Bank falls 1.8 percent, while State Bank of India is 3 percent lower.

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Sunday 17 March 2013

Stock Market News On 18th Mar 2013


Sensex News Today:

Before the RBI governor  takes centre stage on Tuesday,our market has to deal with the global cues arise from euro zone.Immediately no solutions are in sight.Cyprus an island country east of Greece is in the headlines for the wrong reasons.Cyprus is almost forced to agree to Euro zone leaders on taxing depositors around 10 % to 6.7% on amounts below 100000 euros and 9.9 % on figures above that to raise 5.8bn euros to enable Cyprus be eligible for an international bailout. Fears are a bank-run could take place in other regions too.

The Indian market is expected to open negative given the global risk off trade.some amount of caution would anyway set in before the RBI’s mid-quarter monetary policy on tuesday March 19.  The head of the PM's Economic Advisory Council sees room for monetary policy to act in the direction of stimulating growth.Indian Corporate and banks have been seeking a rate cut. 

The Asian markets are negative per day.The Nikkei fell around 2% while South Korea’s Kospi Index is 1/2% lower. Hong Kong’s Hang Seng Index fell 1.6% while the Shanghai Composite Index is down 0.4%. 

While,advance tax numbers are higher than the previous year.Investors tend to associate the same with better performance by corporate India.The target of collecting Rs.1.78 lakh crore corporate tax from Mumbai 2012-13,13% growth over the previous year seems achievable.

ICICI Bank has suspended 18 employees.HDFC Bank appointed Deloitte Touche Tohmatsu India to carry out an independent forensic enquiry into allegations of some of its officials facilitating money laundering activities.Axis Bank has said it has systems and processes that are robust and fully compliant with extant regulations.The market will keep a close watch on the developments in the money laundering issue.

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Friday 15 March 2013

Stock Market News On 15th Mar 2013



The Sensex fell on Friday 15th Mar,as private sector lenders were hit after the government and the RBI said that they would investigate allegations of money laundering practices,while S&P's comments that weaker growth was constraining ratings also weighed.

ICICI Bank  fell 3.8 %, while HDFC Bank ended 1.1 % lower.

*The finance ministry P Chidambaram and the RBI are investigating allegations of money laundering practices at top private sector lenders ICICI Bank, HDFC Bank and Axis Bank.
*ICICI Bank Ltd, HDFC Bank Ltd, and Axis Bank Ltd said on 14th March, they were investigating the allegations but defended their internal controls aimed at preventing money laundering.

Shares of the three lenders fell on Friday with ICICI Bank down 4%, HDFC Bank down 1.7%, and Axis Bank down 0.9%.

Shares of the three lenders fell briefly on Thursday 14th March but recovered to end the session with gains following lower-than-expected core inflation data.

The Sensex provisionally fell 0.78 per cent, while the Nifty ended down 0.57 per cent.

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Wednesday 13 March 2013

Stock Market News On 13th Mar 2013



The Indian equity market ended near day’s low on Wednesday amid heavy sell off seen in scrips across the sector. Market participants preferred to remain cautious ahead of the monthly inflation data to be released on Thursday. 

The NSE Nifty has declined by almost 130 points or 2.1% in the past three trading sessions. In Today decline was led the Banking stocks,index heavy weights like SBI,ICICI Bank,Axis Bank and PNB were among the major laggards. 

Barring the FMCG sector all the other major BSE sectoral indices ended in the red. 

Among the other major losers were Consumer Durables, PSU, Auto and the IT stocks. Even the Mid-Cap and the Small-Cap stocks were under pressure. 

Finally, BSE Sensex closed at 19362 with down 202 points over the previous close. It opened at day's high of 19511 for an intra-day low of 19338.

The NSE Nifty closed at 5851 with down 63 points over the previous close. It earlier touched a day’s high of 5893 and a day’s low of 5842.It opened at 5,884.

Sensex and Nifty gainers:

ITC, Sun Pharma, Tata Power, Bharti Airtel, Coal India, Hindustan Unilever 

Sensex and Nifty Losers:

RIL, Infosys, TCS, Wipro, Bajaj Auto, HDFC Bank, ONGC, Gail India, Tata Motors, ICICI Bank, HDFC, Hero MotoCorp, Maruti, Jindal Steel, Tata Steel 

The advance decline ratio was in favour of the bears.1882 stocks declined against 1003 advancing stocks,while 128 stocks remained unchanged.

The INDIA VIX shot up by 7% to close at 16.20 for hit a day’s high of 16.43 and day's low of 14.69.

Stocks which hit 52-week high during the week were:

Madras Cements, Satyam Comp, Asian Paints,Rollatainers, Vapi Paper.

Stocks which hit 52-week low during the week were:

Apple Finance,BEML, Golden Tob,JCT Electronics, JCT

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Tuesday 12 March 2013

Stock Market News On 12th Mar 2013


Sensex, Nifty up but Tata Power falls:

In global markets the BSE Sensex edged higher on Tuesday tracking strength.The broader Nifty traded close to 5950 mark while the rupee advanced to 54.28 against the dollar.

Indian stock markets have seen sharp gains last week,with the Sensex gaining over 4%.Traders now expect markets to take a pause before the next move.Some key macro data points this week will influence decision of the Reserve Bank to lower rates next week and will be watched closely .

January factory output,due later in the day,will influence the course of the markets today. January IIP likely grew 1% after contracting 0.6% in December.

Market analyst Sarvendra Srivastava said that 5900 to 5920 are immediate supports for the markets though 6000 should be a psychological barrier.

Stocks:

IT stocks extended their decline on account of profit taking. HCL Tech and TCS traded with 0.5 % to 1 % losses.

Tata Power down over 1% was the top Nifty loser after a downgrade by Credit Suisse.The investment bank cut Tata Power's target price from Rs.104 to Rs.83 per share.

31 stocks traded higher on the Nifty,led by Tata Motors which jumped over 1.5 per cent.Utility vehicle maker M&M gained 1.4 %, while Reliance Industries traded 0.9 % higher.


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Sunday 10 March 2013

Stock Market News On 11th Mar 2013

Indian Stocks On 11th Mar 2013:

GLOBAL MARKETS :          

    # Nifty futures on the Exchange of Singapore gains 0.3%.The MSCI-Asia Pacific index, excluding Japan was high 0.05%.             
    # Asian shares eased but the dollar stayed near multiyear high against the yen on Monday after U.S. labour jobs data showed economic recovery there gaining traction.      
    # U.S. stocks closed out a week with another day of gains on 8th Mar as the Dow hit yet another record closing high on a payrolls report that improve performance even the most
optimistic forecasts.                 

    Watch these India's Stocks FACTORS:

    # Feb trade data 
    # India airwave auction to start with Sistema ShyamTele Services expected to be the only   require.
    # Feb auto sales data  

    FINANCIAL:

    # The government is likely to either increase or scrap the
foreign direct investment limit in sectors where set at
less than 100 %.

    # Exchange Board of India chief said that India's capital markets regulator will soon ease
registration norms for foreign investors.

    # SEBI has also introduced regulations overseeing the public sale of preference shares and will allow hybrid securities, which has debt and equity components to be listed on exchanges.

   COMMODITIES INDIA:

    *The head of refiner Mangalore Refinery and
Petrochemicals Ltd said that India is set to halt all crude oil imports from Iran because
insurance companies in the country.

    * An inter-ministerial panel is likely to decide on 11th Mar the floor price for 12.5 % stake sale in National Aluminium Co Ltd. Mint reported citing unidentified
sources.

    * The Indian government raised 56.84 million dollar by selling some of its shares in state-run Rashtriya Chemicals and Fertilizers Ltd on 8th Mar.

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