வெள்ளியன்று பதிவில் குறிப்பிட்ட இறக்கத்தை இன்று எதிர் பார்க்கலாம் வெள்ளியன்று இறக்கத்தை TCS , HCL ,KOTAKMAHINDRA ,TATA MOTORS ,ICICI ஆகிய பங்குகள் தடுத்து நிறுத்தியது .
சந்தை ஒரு வருட உச்சத்தில் உள்ளது .நிபிட்டி பொறுத்தவரை 5415 -5425 தாண்டினால் மட்டுமே அடுத்த கட்ட நகர்வுகளுக்கு சாத்திய படலாம். குறுகிய கால முதலிட்டாளர்கள் KOTAK MAHINDRA
RELCAPITAL,EXIDE ,FORTIS,DCHL,BHARTHI,AXISBANK,DR,REDDYS,BAJAJ HOLDING TATAMOTORS,SINTEX,IDFC,TTML,UNIONBANK,REC,BAJAJ AUTO,PNB.PFC,WIPRO,MARICO
YESBANK,LIC HOUSING,ALLAHABAD BANK,IFCI போன்ற பங்குகளை கவனிக்கலம்.
இன்றைய சந்தையை பொறுத்த வரை ஆரம்பம் இறக்கமாகவே இருக்கலாம் நாளின் நடுவில் சந்தை மீள முயலலாம் சந்தை 5365 கிழ இறங்கும் சமயத்தில் புதிய முதலிடுகளை கொஞ்சம் தள்ளி வைக்கலாம் சந்தை பலவீனம் தலை தூக்கலாம் .
STOCKS TO WATCH
RELIANCE
REL CAPITAL
REL INFRA
AXIS BANK
SBI
HDFC BANK
CONTAINER CORP
AVENTIS PHATMA
PTC INDIA
REC
CROMPTON GREA
YES BANK
ICICI
REC
PFC
JSW STEEL
TATA STEEL
TATA MOTORS
JINDAL SAW
MARICO
IDBI
ISPAT INDUS
JET AIR
DR,REDDYS
UINION BANK
IOB
INDIAN HOTE
PANTALOON RET
DIVIS LAB
IOC
CASTROL IND
INDBULS REA
HDIL
DLF
GMR INFR
JP POWER
The key benchmark indices hit fresh intraday highs at the fag end of the trading session as European stocks rose and as US index futures cut losses. Sustained buying by foreign funds and stock market regulator Sebi's decision to allow physical settlement of stock derivatives, underpinned sentiment. Stock-specific buying continued based on expectations regarding Q1 results of individual firms. Banking and financial services shares hogged limelight.
The BSE 30-share Sensex was provisionally up 55.98 points or 0.31%, up close to 75 points from the day's low and off close to 15 points from the day's high. IT major TCS jumped as its Q1 result beat market expectations. Other IT stocks also rose. Realty and FMCG stocks also gained. Index heavyweight Reliance Industries edged lower.
The market slipped into the red after moving between positive and negative terrain near the flat line in early trade. The market edged higher in morning trade. It pared gains in mid-morning trade. The market regained strength in early afternoon trade as some Asian stocks rose. The market extended gains in afternoon trade as European stocks rose at the onset of the trading session. The key benchmark indices regained strength in mid-afternoon trade, having earlier pared gains from the day's high. The market scaled a fresh intraday high in late trade.
Foreign funds continue to mop up Indian stocks. Foreign funds have bought Indian equities worth a net Rs 4388.62 crore this month so far, till 15 July 2010, as per data from the stock exchanges. Foreign funds had pumped in Rs 7713.97 crore in equities in June 2010
Domestic funds have sold shares worth a net Rs 2076.98 crore this month so far, till 15 July 2010. They had sold equities worth a net Rs 4777.05 crore in June 2010.
European stocks rose on Friday drawing some optimism from Wall Street's late-session comeback on Thursday 15 July 2010. The key benchmark indices in UK, France and Germany were up by 0.29% to 0.86%.
Most Asian stocks fell on weak US economic data. The key benchmark indices in Hong Kong, Japan, Taiwan, and South Korea were down by 0.03% to 2.86%. China's Shanghai Composite ended unchanged for the day. The key benchmark Indonesia and Singapore were up by between 0.34% to 0.4%.
Trading in US index futures indicated that the Dow could fall 6 points at the opening bell on Friday, 16 July 2010. US index futures cut initial losses.
US Stocks ended little changed on Thursday, 15 July 2010, recouping intraday losses late in the day, led by a sudden turnaround in shares of Goldman Sachs and BP. The Dow Jones Industrial Average dipped 7.41 points, or 0.07% to end at 10,359.31. The Standard & Poor's 500 Index added 1.31 points, or 0.12% to 1,096.48. The Nasdaq Composite Index was off 0.76 of a point, or 0.03% to 2,249.08.
An unexpected fall in regional factory activity and a third straight month of decline in producer prices raised concerns about deflation, cooling enthusiasm for the strong start to the earnings season that had lifted stocks off recent lows.
Meanwhile, the US Congress approved a broad overhaul of financial regulation, sending it to President Barack Obama to sign it into a law.
Back home, in a major development, the stock market regulator Securities & Exchange Board of India (Sebi) on Thursday, 15 July 2010, allowed physical settlement of both stock options and stock futures. At present only cash settlement of derivatives is allowed. Sebi said stock exchanges will also have flexibility to offer a combination of cash settlement for stock options and physical settlement for stock or physical settlement for stock options and cash settlement for stock futures.
A stock exchange may introduce physical settlement in a phased manner, it said in a circular. On introduction, however, physical settlement for all stock options and/or all stock futures, as the case may be, must be completed within six months, Sebi said. The settlement mechanism shall be decided by the stock exchanges in consultation with the depositories,the stock market regulator said.
On expiry/exercise of physically settled stock derivatives, the risk management framework (i.e. margins and default) of the cash segment shall be applicable, it said.Settlement of cash and equity derivative segments will continue to remain separate, the Sebi circular said.
The stock exchanges interested in introducing physical settlement are advised to submit to Sebi for approval, a detailed framework for implementation of physical settlement of stock derivatives. After opting for a particular mode of settlement for stock derivatives, a stock exchange may change to another mode of settlement after seeking prior approval of Sebi, it said.
Meanwhile, the lower exposure margin requirement for stock derivatives has become effective from Thursday, 15 July 2010.
The Securities and Exchange Board of India (Sebi) is reviving the practice of pre-opening session for share trades, and has asked stock exchanges to put systems in place for it. To begin with, the pre-open session will be introduced on a pilot basis, and will be applicable only for shares in the BSE Sensex and the S&P CNX Nifty.
On the macro front, the latest data showed that the fuel price index rose 14.27% in the year to 3 July 2010 and the food price index climbed 12.81%. Fuel price inflation eased from the previous week's annual rise of 18.02% while the pace of food price inflation edged up marginally from last week's 12.63%. Food inflation edged up because of higher rice and wheat prices. The primary articles index was up 16.25% compared with the previous week's reading of 16.08%.
The headline inflation rose lower-than-expected 10.55% in June 2010. The rate of increase was higher than May's rise of 10.16%. Inflation for April 2010 was revised upwards to 11.23% from 9.59%.
The industrial output in May 2010 rose at a slower-than-expected 11.5% from a year earlier, data showed on Monday, 12 July 2010. Manufacturing output rose an annual 12.3%, the statistics office said. Mining output was up 8.7% and power generation rose 6.4%. Production of capital goods rose 34.3% year-on-year after an annual rise of 72.8% in April 2010, while consumer durables output grew 23.7%, down from a 37% rise in the previous month April's industrial production growth was revised downwards to 16.5% from 17.6%.
The International Monetary Fund (IMF) on 8 July 2010 raised its world output forecast for 2010, citing solid growth in the first half, especially in Asia, but warned of significant downside risks flowing from Europe. The IMF revised its 2010 world gross domestic product forecast to 4.6%, up from a previous forecast in April of 4.2%. The 2011 GDP forecast was unchanged at 4.3%.
The IMF raised India's growth forecast for 2010 to 9.5%, stating that favourable financing conditions and robust corporate profits will accelerate economic expansion. The IMF expects India's economy to grow 8.5% in 2011.
Weak monsoon rains in the past week will not significantly hurt crop output in the country and the weather outlook is encouraging, Farm Minister Sharad Pawar said on Friday, 16 July 2010. Agency reports on Thursday, 15 July 2010, said monsoon rains were 24% below normal in the past week. Earlier, a revival of monsoon rains had helped accelerate the planting of rice, oilseeds and cotton. The area under rice cultivation jumped 56% to 7.2 million hectares on 9 July 2010 while cotton planting rose by half, last week, compared with a week before. Rainfall was 16% below average in June 2010. The shortfall had narrowed to 10% later.
The Southwest monsoon was active over East Madhya Pradesh during past 24 hours, the India Meteorological Department (IMD) said in its daily update on Thursday, 15 July 2010. The IMD expects fairly widespread rainfall over west coast, Uttarakhand, Uttar Pradesh, north Andhra Pradesh, Sub-Himalayan West Bengal & Sikkim, Bihar, Gujarat region, Chhattisgarh, Madhya Maharashtra, south interior Karnataka, Vidarbha, northeastern States, Madhya Pradesh, Andaman & Nicobar Islands and Lakshadweep, in the near term.
The IMD expects scattered rainfall over Saurashtra & Kutch, north Interior Karnataka, Gangetic West Bengal, Jharkhand and Marathwada in the near term. The IMD expects increase in rainfall over western Himalayan region and plains of northwest India after 48 hours. The IMD expects increase in rainfall activity over northwest, east and northeast India.
The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The weather office expects this year's monsoon rains to be at 102% of the long-period average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation.
As per provisional figures, the BSE 30-share Sensex was up 55.98 points or 0.31% at 17,965.44. The Sensex rose 70.81 points at the day's high of 17,980.27 at the fag end of the trading session. The index fell 17.30 points at the day's low 17,892.16 in early trade.
The S&P CNX Nifty was up 19.55 points or 0.36% to 5,398.30 as per provisional figures.
The BSE Mid-Cap index rose 0.44%. The BSE Small-Cap index rose 0.73%. Both these indices outperformed the Sensex.
The market breadth, indicating the strength of the broader market, was positive. On BSE, 1,579 shares advanced while 1357 shares declined. A total of 100 shares remained unchanged. The breadth was much stronger earlier in the day.
From the 30 share Sensex pack, 15 stocks rose and rest fell.
BSE clocked turnover of Rs 3998 crore, lower than Rs 4320.79 crore on Thursday, 15 July 2010.
India's largest tractor maker by sales Mahindra & Mahindra (M&M) fell 1.83%, reversing initial gains. The stock was the top loser from the Sensex pack. The company said its board of directors at its meeting held on 15 July 2010, was briefed about the company's potential bid for Ssangyong Motors Company, South Korea. A decision on the bid would be taken at the company's next board meeting to be held on 28 July 2010.
IT major TCS jumped 5.83% as its Q1 results beat market expectations. TCS' consolidated net profit as per US accounting standards declined 5.31% to Rs 1844.30 crore on 6.21% growth in revenue to Rs 8217.30 crore in Q1 June 2010 over Q4 March 2010. The company raised its hiring target by 10,000 to 40,000 for 2010-11, reflecting strong demand.
TCS chief executive officer and managing director N Chandrasekaran said Q1 June 2010 was a quarter of complete outperformance at TCS. He said TCS' balance growth in Q1 June 2010 was driven by disciplined execution and strong demand across markets and industry sectors. He said while the management is alert about changing macro dynamics in many markets, TCS' customer-centric business model is very relevant and helps TCS participate in the ongoing recovery.
TCS' chief financial officer and executive director S Mahalingam said TCS' investments in building an extensive front office presence in new markets is helping support and sustain higher growth.
IT bellwether Infosys rose 0.98%, with the stock gaining for the second straight day and recovering from a slide early this week triggered by disappointing Q1 result. At the time of announcing the results early this week, Infosys warned that the global economic environment continues to be uncertain, even though the company raised its full-year revenue and profit forecasts.
Infosys' consolidated net profit as per International Financial Reporting Standards (IRFS) declined 7% to Rs 1488 crore on 4.3% increase in revenue to Rs 6198 crore in Q1 June 2010 over Q4 March 2010. Operating profit declined 1.9% to Rs 1755 crore in Q1 June 2010 over Q4 March 2010. The operating profit margin (OPM) declined to 28.31% in Q1 June 2010 from 30.09% in Q4 March 2010. During the quarter, the company and its subsidiaries hired as many as 8,859 employees in total, but the net addition to its headcount was just 1,026.
India's third largest IT exporter by sales Wipro rose 0.12%, with the stock gaining for the second straight day.
Index heavyweight Reliance Industries (RIL) fell 0.88%. RIL reportedly has approached the Competition Commission of India (CCI) alleging that state-run oil companies have formed a cartel to supply aviation turbine fuel to national carrier Air India.
RIL and Reliance Natural Resources (RNRL) on 25 June 2010, entered into a new gas supply agreement, as directed by the Supreme Court. The Supreme Court had ordered the two companies to renegotiate the Gas Supply Master Agreement, which was signed between the Ambani brothers as part of the business demerger in 2005. RIL also recently announced its seventh oil discovery in Cambay basin in Gujarat.
Interest rate sensitive realty stocks rose on buzz of hike in foreign direct investment to the sector. Omaxe, DLF, Unitech, Indiabulls Real Estate, HDIL, Ansal Properties rose by between 0.57% to 2.19%.
Shares of banking and financial services firms hogged limelight. India's largest private sector bank by market capitalisation ICICI Bank rose 2.39%. The bank, last week, announced the pricing of an international bond offering of $500 million. The bank recently set its base rate for loans at 7.5%, effective 1 July 2010 as part of a new rule to set minimum lending rates.
Axis Bank rose 1.08%, extending Thursday's 2.34% gains triggered by strong Q1 results. The scrip hit a record high of Rs 1367 today. Net profit rose 31.99% to Rs 741.88 crore in Q1 June 2010 over Q1 June 2009. The private sector bank announced the results during trading hours on Thursday
But, India's second largest private sector bank by operating income HDFC Bank fell 1.18%, with the stock falling for the second straight day. The stock had hit the record high of Rs 2,110.40 on Wednesday, 14 July 2010. HDFC Bank, last week, said it has issued on a private placement basis unsecured, redeemable, non-convertible, subordinated bonds in the nature of debentures towards Tier-II Capital for an amount aggregating Rs 1105 crore. HDFC Bank recently set its base rate at 7.25%
India's biggest commercial bank in terms of branch network, State Bank of India (SBI) fell 0.1% reversing initial gains. The government on Thursday, 15 July 2010, approved the merger of State Bank of Indore with State Bank of India (SBI).
SBI recently said it has signed a joint venture agreement with State General Reserve Fund (SGRF), Sultanate of Oman to set up a general purpose Private Equity Fund for investing in various assets in India. This is a part of sovereign level collaboration between the Government of India and the Government of Sultanate of Oman. The fund will have initial target corpus of $100 million and is proposed to be expanded in future up to a level of $1.5 billion.
Among other PSU stocks, Bank of India, Bank of Baroda and Punjab National Bank rose by between 0.41% to 1.25%.
India's largest dedicated housing finance firm by revenue, HDFC fell 0.94%, with the stock falling for the second straight day. Net profit rose 22.95% to Rs 694.59 crore in Q1 June 2010 over Q1 June 2009. Income from operations rose 0.15% to Rs 2797.13 crore in Q1 June 2010 over Q1 June 2009. The results hit the market in late trade on Wednesday, 14 July 2010.
FMCG stocks rose on renewed buying. Nestle India, Dabur India, Hindustan Unilever, Marico, United Spirits rose by between 0.42% to 1.87%.
Chambal Fertilisers & Chemicals gained 1.52% after net profit rose 15.66% to Rs 63.97 crore on 23.59% increase in net sales to Rs 951.46 crore in Q1 June 2010 over Q1 June 2009.
Diamond Power Infrastructure gained 1.96% after the company secured orders aggregating Rs 332 crore.
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