1. India-Global Market Summary 22-08-2012
• Market traded volatile and declined at the end on weak global stocks
played spoilsport. The market breadth turned negative form positive in late
trade. Global shares slipped from 3-1/2 month highs on Wednesday as
investors weighed up whether signs of progress in the euro zone debt crisis
warranted the recent surge and as Japan provided a reminder of the
problems facing top economies. Sensex down 0.23% to 17844.69 and
Nifty down by 0.11% to 5414.85. From the 30-share Sensex pack, 18
stocks fell and rest of them rose.
• ITC edged higher in volatile trade.Reliance Industries edged lower in
volatile trade. Bank stocks were mostly higher in choppy trade. Airline
stocks jumped ahead of meeting of newly-formed United Progressive
Alliance coordination committee today to discuss foreign direct investment
in aviation sector. While, shares of organised retailer declined. Bharti Airtel
hit a 52-week low. Interest rate sensitive realty shares fell on profit booking
after recent gains.

2. • Rolta India's consolidated revenue rose 4.4% to Rs 445.10 crore on 24.7% rise in
consolidated earnings before interest taxes depreciation and amortization to Rs
243.06 crore in fourth quarter ended June 2012 over third quarter ended March
2012.
• Cox & Kings jumped 4.16% after the company said a private equity fund has
entered into binding agreements with the firm to acquire a significant minority
stake in its wholly-owned UK subsidiary.
• GAIL (India) fell on reports the company has cut its equity stake in ONGC's Dahej
mega petrochemical project to 15.5% after project cost further escalated by 9.5%.
• Hindalco Industries rose with the stock recovering on bargain hunting after 4-day
7.38% slide triggered by the company reporting weak first quarter earnings
• TCS rose with the stock extending 2-day 2.81% gains triggered by the company
entering into a definitive agreement to acquire 100% equity of Computational
Research Laboratories
• Maruti Suzuki India rose in the market with the stock extending 2-day 1.08% gains
triggered by the firm resuming production at its Manesar facility in Haryana from
yesterday
• Wockhardt received final approval from the US drug regulator to market generic
Felodipine tablets, used for treating hypertension, in the United States.
• Alstom India in consortium with Bhel has secured a contract from the Nuclear
Power Corporation of India to supply the turbine generator package for the
Rajasthan Atomic Power Project units.

3. Global news
• European shares slipped from 13-month highs on Wednesday as investors
booked profit after recent surge. Asian stocks dropped on Wednesday after
Japan reported a wider-than-expected trade deficit and as investors await
developments from a euro-area finance ministers meeting this week to
discuss details of the bailout package for Greece. U.S. shares ended with
losses Tuesday, even after rising to within touching distance of multi-year
highs during the session.
• On Thursday, 23 August 2012, investors get their latest checkup on the health
of Europe's economy through reports of German, French and euro-zone
purchasing managers indexes for August 2012. It is widely expected that all
three PMIs, which provide insight on manufacturing activity, will show
contractions. Last month, France's PMI was 48, Germany's was 47.3, and the
euro zone's was 46.4, with anything below 50 indicating contraction. France
and Germany are considered the strongest members of the euro zone, so
further contraction would portend an economic slowdown and likely add to
expectations that the broader euro zone is entering a recession.
• Japan reported a wider-than-expected trade deficit in July as Europe's
sovereign debt crisis and a slowdown in China dragged down exports and
higher oil prices boosted imports. The shortfall was 517.4 billion yen ($6.5
billion), after a revised 60.3 billion yen surplus in June

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