Ø INDICES:
Sensex +4 at 17134 (0.02%), NIFTY +2 at 5191 (0.03%), CNXMIDCAP -21 at 7369
(-0.28%)
Ø SECTORAL
PERFORMANCE: BANKEX 0.16%, AUTO
0.13%, CAPITAL GOODS -0.34%, HEALTHCARE 0.07%, Metal -0.83%, OIL & GAS
-0.23%, IT 0.67%, FMCG -0.84%, PSU -0.84%, REALTY -0.83%, Consumer Durables
1.44%, POWER -0.08%
Ø MARKET
BREADTH: 202 Advances, 292 Declines
(BSE 500)
Ø VOLUMES: BSE $0.37bn (-16.18%), NSE $1.89bn (-18.83%),
F&O $16.22bn (-55.23%)
Ø TODAY'S
GAINERS: ICICIBC 2.31%, HNDL 2.19%,
HCLT 2%, SIEM 1.69%, AXSB 1.6%
Ø TODAY'S
LOSERS: SAIL -3.07%, RCOM -2.69%, Coal
-2.27%, ACC -1.95%, IDFC -1.88%
MARKET COMMENTARY:
Indian benchmarks weakened further in today’s trade as
investors lacked conviction to add fresh positions. Traders were seen piling up
position in IT, TECH and Consumer Durables sector, while selling was being
witnessed in Realty, Metal and PSU sector. Besides, investors are also closely
watching India Inc's Q4 March 2012 and year ending March 2012 (FY 2012)
earnings for the further direction. Banking sectors were buzzing on reports
that the Cabinet has cleared the much awaited Banking Law (Amendment) Bill. IT
counters Infosys, TCS and Wipro were trading in green but are under pressure
since Standard & Poor's Ratings Services had revised the rating outlooks on
them to negative from stable. In the scrip specific development, Hindustan
Construction Company (HCC) slipped after company reported a higher than
expected net loss for the fourth quarter of FY12. ICICI Bank rallied amid heavy
volumes post the bank reported quite better than expected numbers for the
fourth quarter of FY12. Heavyweight, Reliance Industries was trading weak in
red after the company reported natural gas production from its eastern offshore
KG-D6 fields dropped to less than 34 million standard cubic meters a day. On
the global front, all the Asian markets were traded in red barring Seoul
Composite, while the European markets recovering from their initial fall were
trading in green on optimistic note. Standard & Poor's has cut its credit
rating on Spain by two notches, reviving worries over the debt-stricken
country. S&P, citing expectations Spain's finances will deteriorate even
more than previously thought due to the recession and the country's ailing
banking sector, downgraded Spain to BBB-plus with a negative outlook, saying
the situation could deteriorate further unless strong measures were taken at a
European level.
NEWS ON TODAYS MOVERS:
Ø
Idea Cellular declined nearly 2.76% after
company’s consolidated net profit rose by only 18.91% to Rs 238.98 crore on 6.46%
increase in net sales to Rs 5,344.66 crore in Q4 March 2012 over Q3 December
2011; stock closed 2.75% lower to 81.
Ø
United Spirits fell 1% on profit booking
after the stock rose 14.69% in the preceding two trading sessions to Rs 782.40
on 26 April 2012 from a recent low of Rs 682.20 on 24 April 2012.
Ø
Essar Oil surged by 4.7% after the company
said it has renewed a major product sale and purchase agreement with Bharat
Petroleum Corporation.
Ø
Hindustan Construction Company tumbled by
5.8% after the company reported net loss of Rs 54.17 crore in Q4 March 2012 as
against net profit of Rs 22.61 crore in Q4 March 2011.
Ø
Indiabulls Financial Services rose 4.4% after
consolidated net profit rose 28.19% to Rs 302.58 crore on 45.22% growth in
total income to Rs 1121.69 crore in Q4 March 2012 over Q4 March 2011.
Ø
ICICI Bank rose 2.3% after net profit rose
30.97% to Rs 1901.76 crore on 29.62% increase in total income to Rs 11,403.10
crore in Q4 March 2012 over Q4 March 2011.
Ø
Development Credit Bank rose 1.4%, with the
stock recovering on bargain hunting after 8-day 12.41% slide.
CORPORATE NEWS:
Ø
Suzlon
gets wind power project from UK’s Eoxis
Ø
Dena
Bank looks to empanel creative agencies in Mumbai
Ø
Yes
Bank reduces ATM expansion
Ø
ICICI
Bank Q4 cons net profit up by 15%
Ø
Air
India close to lease 2 major buildings in Mumbai, Delhi
Ø
FII
stake in KFA up marginally during last quarter
Ø
Biocon
Q4 cons net profit decline marginally
Ø
DLF
in talks with 3 real estate cos to sell Mumbai land
Ø
RIL
KG-D6 fields gas prodn slips
Ø
Sesa
Goa to begin exploration in Liberia this week
Ø
RIL
to sign GSPA with NTPC and 10 gas distribution cos
Ø
Strides
Arcolab acquires Sterile Formulations facility
Ø
ONGC
to set up more urea, power plants
Ø
MRF
begins prodn at Rs900-cr for a plant in Tamil Nadu
ECONOMIC NEWS:
Ø
Govt
may allow cable operators to raise FDI limits
Ø
India
Banks: Cabinet passes Banking Amendment Bill
No comments:
Post a Comment