India Market Wrap

* INDICES: Sensex +135 at 18289 (0.75%), NIFTY +42 at 5564 (0.77%), CNXMIDCAP +50 at 7925 (0.63%)

* SECTORAL PERFORMANCE: BANKEX 1.41%, AUTO -0.53%, CAPITAL GOODS 1.51%, HEALTHCARE -0.09%, Metal -0.11%, OIL & GAS 0.36%, IT 0.98%, FMCG 0.37%, PSU 0.88%, REALTY 0.86%, Consumer Durables 4.21%, POWER 2.92%

* MARKET BREADTH: 231 Advances, 268 Declines (BSE 500)

* VOLUMES: BSE $0.89bn (23.63%), NSE $4.2bn (22.58%), F&O $36.73bn (36.09%)

* TODAY'S GAINERS: BHEL 6.68%, AXSB 4.4%, TPWR 4.12%, HCLT 3.47%, MM 3.36%

* TODAY'S LOSERS: HMCL -3.68%, SESA -3.15%, MSIL -2.8%, RELI -2.17%, HNDL -2.08%

MARKET COMMENTARY:

Indian benchmarks pared some gains but continued its firm trade in green in today’s session on back of renewed buying in frontline counters. Traders were seen piling up positions in Power, Consumer Durables and Capital Goods sector while selling was witnessed in Auto sector. Telecom stocks were seen trading firm after the government on February 15, 2012, unveiled some points of a new telecommunications policy, including separating licenses from bandwidth and easing mergers and acquisition rules. Moreover, stocks from the information technology counters too gained traction after industry body Nasscom opined that the industry witnessed a CAGR of 17 percent during the five-year period of 2007-12 despite turmoil in the US and in European Union. On the global front, Asian markets were trading in green while the European markets were too trading in green on an optimistic note. ECB had agreed to exchange Greek bonds they hold for new bonds as part of a deal to help the debt-strapped country. Euro zone officials are reportedly putting the finishing touches to a second bailout deal for Greece for approval on February 20, 2012. Back home, the market breadth was in favor of advances.

NEWS ON TODAYS MOVERS:

Ø Thomas Cook (India) traded negative nearly 2.72% despite of company came with a stellar numbers where consolidated net profit jumped 232.2% to Rs 5.05 crore on 30.9% growth in net sales to Rs 87.31 crore in Q4 December 2011 over Q4 December 2010.

Ø Tata Metaliks rose 5.44% after the company's board approved raising Rs 100 crore through preferential issue of shares.

Ø Bhel surged 6.68% on reports state-run NTPC plans to award Rs 22000 crore equipment orders in the next 45 days as it won legal battle in Supreme Court against Ansaldo Caldaie India.

Ø Rural Electrification Corporation rose nearly 2.83% after the company's board approved raising funds by way of a public issue of tax-free secured redeemable non-convertible bonds.

Ø Essar Oil traded flat, after company filled a review petition in the Supreme Court with respect to repayment of deferred sales tax.

Ø Punjab & Sind Bank jumped 2.79% after the bank said its board recommended issuing 1.12 crore equity shares, or 5% equity, on preferential basis to the Life Insurance Corporation of India.

Ø Rel Media Networks rosed intraday and late gave away all the gains despite company launching Spark Punjabi with CBS Studios for the PHCHP region launched

Ø Tata Motors traded flat for the day despite company unveiling redesigned new SUV ‘Tata Sumo Gold’

Ø Yes Bank closed with a loss of 0.86% after company planning to expand network in South.

Ø ITC inched up by 0.74% after company reported to acquire 4.62% stake in Hotel Leelaventure

CORPORATE NEWS:

Ø Lenders approve Air India's debt restructuring plan

Ø Zee Network plans to buy NewsX

Ø MAN Inds gets orders worth Rs500 crore

Ø RCom adds Stanchart, DBS for Singapore IPO

Ø Punjab & Sind zooms on preferential issue

Ø RIL shuts 6th well in D6 block

Ø Vodafone wants 2G auctions to be open to all players

Ø Jet Airways supports FDI to pick up stakes in Indian carriers

Ø NTPC to award $3.3 bn equipment order by March end

Ø India drops to 2nd position in gold consumption

Ø RCom to sell tower biz to Blackstone, Carlyle

Ø NTPC to award $3.3 bn equipment order by March end

Ø LIC to pick up to 5% stake in Punjab & Sind Bank

Ø Marico's new brand acquires open up youth brand

Ø Tata Power begins 25MW solar proj in Gujarat

Ø REC net profit at Rs1286.24 cr in half year-ended Sept 2011

ECONOMIC NEWS:

Ø Govt may let foreign individuals directly buy corporate debt