Ø INDICES: Sensex -151
at 17151 (-0.87%), NIFTY -51 at 5188 (-0.97%), CNXMIDCAP -86 at 7358 (-1.15%)
Ø SECTORAL PERFORMANCE: BANKEX -1.74%, AUTO
-2.43%, CAPITAL GOODS -0.71%, HEALTHCARE -0.17%, Metal -1.75%, OIL & GAS
-0.65%, IT 0.37%, FMCG -0.32%, PSU -1.45%, REALTY -1.43%, Consumer Durables
-0.03%, POWER -1.36%
Ø MARKET BREADTH: 116 Advances, 379
Declines (BSE 500)
Ø VOLUMES: BSE $0.35bn (5.24%),
NSE $1.87bn (3.57%), F&O $15.2bn (15.4%)
Ø TODAY'S GAINERS: HUVR 2.29%, WPRO 2.07%,
RCOM 1.06%, TCS 0.97%, HDFCB 0.75%
Ø TODAY'S LOSERS: HMCL -7.65%, AXSB
-4.07%, IDFC -3.35%, MSIL -3.22%, TATA -2.98%
MARKET COMMENTARY:
Indian
benchmarks trimmed their gains further in the late afternoon session as
investors started booking profits in the frontline blue chip counters.
Sentiments remain bleak across the Asian region as investors pondered over the
disappointing employment reports from the US and Euro-zone intensifying
concerns over slowing down global economic recovery. Traders were seen piling
up position in IT, and Health Care sector while selling was being witnessed in
Auto, Bankex and Metal sector. Banking stocks were trading under pressure after
RBI’s recent Basel III guidelines as it mandates the banks over up-keeping of
their total capital adequacy ratio at 9 percent, higher than the minimum
recommended requirement of 8 percent. In the scrip specific development,
aviation firms SpiceJet, Kingfisher Airlines and Jet Airways (India) were seen
trading weak in red after reports emerged that the Parliament is unlikely to
take a decision on the 49% foreign direct investment in the ongoing session. On
the global front, the Asian markets were trading on a mix note while the
European markets were trading in green on optimistic note. Investors are
eagerly awaiting an interest rate decision from the European Central Bank due
later in the day. Besides, Spain was in focus today as it will attempt to raise
up to €2.5 billion in three- and five-year paper. On the home turf, the market
breadth was negative.
NEWS ON TODAYS MOVERS:
Ø Pantaloon Retail (India)
rose 1.07% ahead of its board meeting today, 3 May 2012 to consider fund
raising plan.
Ø KPIT Cummins Infosystems
lost around 1.90% on back of profit booking after, Wednesday's 20% rally
triggered by the company issuing strong FY 2013 guidance at the time of
announcement of FY 2012 results.
Ø Hero MotoCorp lost 7.65%
on profit taking after the company reported steady earnings at the fag end of
the day's trading session on Wednesday, 2 May 2012.
Ø Kansai Nerolac Paints
fell 0.31% after net profit declined 23.8% to Rs 44.90 crore on 28% increase in
net sales to Rs 662.50 crore in Q4 March 2012 over Q4 March 2011.
Ø Hindustan Unilever rose
2.29%, with the stock extending Wednesday's 2.07% gains triggered by the
company reporting strong Q4 earnings.
Ø Jindal Steel & Power
fell 2.18%, with the stock sliding on profit booking after 3-day 4.7% gains
triggered by the company reporting decent Q4 earnings.
Ø ACC slipped marginally
by 0.49% to Rs 1225.25 after production rose 5.33% to 2.17 million tonne in
April 2012 over April 2011.
Ø IRB Infrastructure
Developers tumbled nearly 10.81% after the company's chairman reportedly
confirmed a media report of being investigated for possible involvement in a
murder case.
CORPORATE NEWS:
Ø Hcl technologies
partners with Siemens
Ø Elecon engineer gets
order valued at 113m rupees
Ø Kingfisher airlines owes
2.8b rupees to airports authority
Ø Oriental bank of
commerce to cut bplr by 25 bps from may 14
Ø Shiv-Vani oil completes
acquisition of offshore jack-up rig
Ø Marico 4q profit 697 mln
rupees vs. 716.2 mln
Ø Marico to pay second
interim dividend of 0.40 rupees-shrs
Ø Carborundum plans to
investment Rs200 cr
Ø KG-D6 gas EGOM cuts gas
supplies to NFL
Ø Siemens Metals bags BMM
Ispat mill order
Ø HCL Tech signs deal with
Siemens PLM Soft
Ø Irb infrastructure says
executives agreed for lie test :Irb in
Ø Aventis Pharma 1q profit
401 mln rupees vs. 506 mln
Ø Piramal healthcare 4q
group loss 386.8m rupees vs. 2.02b profit
Ø Piramal healthcare
declares dividend of 17.5 rupees-shrs
ECONOMIC NEWS:
Ø Indian companies
invested $2.67b overseas in April: Rbi
Ø Telecom industry tariffs
not increased in last 2-3 yrs: Kapoor
Ø India Trai
recommendations may raise subscriber costs upto 100%
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