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INDICES:
Sensex -17 at 17302 (-0.1%), NIFTY -9 at 5239 (-0.17%), CNXMIDCAP -27 at 7444
(-0.37%)
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SECTORAL
PERFORMANCE: BANKEX 0.27%, AUTO -1.72%, CAPITAL GOODS
-0.94%, HEALTHCARE 0.04%, Metal -0.36%, OIL & GAS -0.58%, IT 0.97%, FMCG
0.21%, PSU -0.56%, REALTY 0.04%, Consumer Durables 2.41%, POWER -1.25%
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MARKET
BREADTH: 194 Advances, 294 Declines (BSE 500)
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VOLUMES:
BSE $0.34bn (6.51%), NSE $1.81bn (7.65%), F&O $13.17bn (4.84%)
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TODAY'S
GAINERS:
DLFU 3.16%, BHARTI 2.4%, PNB 1.98%, CIPLA 1.94%, SAIL 1.85%
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TODAY'S
LOSERS: TTMT -3.81%, RPWR -2.99%, MSIL -2.84%, TPWR -2.41%,
GRASIM -2.21%
MARKET COMMENTARY:
As mentioned in our morning note the Indian benchmarks witnessed a sluggish movement moving in a narrow range in the absence of
participation of foreign institutional investors. Further gains were trimmed in the late afternoon
session as investors have started booking profits in the frontline blue chip
counters. Few traders were seen piling up position in Consumer Durables, and IT
sector while selling was being witnessed in Auto, Power and Capital Goods
sector. In the scrip specific
development, cable companies including Hathway and WWIL rallied in the session
after Telecom Regulatory Authority of India (TRAI)’s notification on digitizing
cable TV distribution which recommended a mandatory 'carriage fee' - or, the
money that broadcasters have to pay to cable companies for them to carry their
channel. On the global front, all the
Asian markets were trading in green while the European markets were trading
mixed. Investors added positions with conviction ahead of a slew of economic
reports due out from the Euro-zone later in the day. On the home turf, overall
the market breadth was neutral.
NEWS ON TODAYS MOVERS:
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Titan Industries surged 4.48% after net
profit jumped 72.2% to Rs 144.28 crore on 28.3% growth in net sales to Rs
2281.42 crore in Q4 March 2012 over Q4 March 2011.
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Hindustan Unilever gained 1.77% after net
profit rose 20.63% to Rs 686.61 crore on 15.66% rise in net sales to Rs 5660.48
crore in Q4 March 2012 over Q4 March 2011.
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Tata Motors lost ground by nearly 3.81% after total sales including exports of
Tata commercial and passenger vehicles fell 7% to 60,086 vehicles in April 2012
over April 2011
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JSW Energy surged nearly 2.55% after consolidated
net profit rose 9.5% to Rs 225.32 crore 43.1% growth in net sales to Rs 2036.07
crore in Q4 March 2012 over Q4 March 2011.
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Bharti Airtel rose 2.40% after the company
reported good operational figures for the Q4 and year ended March 2012 over
previous corresponding period a year ago. .
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Bajaj Auto fell nearly 1.99% after total
sales rose 4% to 381,590 units in April 2012 over April 2011.
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Shoppers Stop fell 1.51% after consolidated
net profit fell 87.6% to Rs 0.96 crore on 25.4% growth in net sales to Rs
816.57 crore in Q4 March 2012 over Q4 March 2011.
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Mahindra & Mahindra rose 0.77% after auto
sales rose 27% to 40,719 units in April 2012 over April 2011.
CORPORATE NEWS:
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MOEF disagrees with MCFL’s feed stock project
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Century Textiles Q4 net loss at Rs23.89 cr
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Syndicate Bank launches jewel loan maha mela
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BGR Energy bags Rs1,855 cr order
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Bajaj Auto records highest sales in April
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Alstom T&D India bags substation order
worth Rs84 Cr
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OMCs suffer losses on fuel sale
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Exports falls 5.7% to $28.7 bn in March
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L&T to finalise vendors for Hyderabad
Metro
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RIL buys back shares of Rs538.56 crore
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KFA employees may move Labour Court over
salary dues
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Hero MotoCorp April sales up 7%; hits 52-week
high
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TVS Motor April domestic sales up 7%
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Tata Motors April sales decline 7%
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M&M sales jumps 27% in April
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Bharti Airtel Q4 cons net profit declines by
28%
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Maruti domestic sales up 3% in April
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Bharti appoints Huawei to manage 4G network
in Karnataka
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EGoM OKs start of spectrum auction process
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India top court refuses to stay essar-loop
case at lower court3
ECONOMIC NEWS:
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India’s april gold imports at 30-35 tons vs
90 tons year ago
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India coal mine strike by union opposing
mainly privatization
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Labor union to call 1-day strike at indian
coal mines june 10
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India sugar output oct-april at 25.1 mln
tons: isma
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India’s rupee falls past 53 a dollar for
first time since jan 5
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