1. India-Global Market Summary 07-05-12
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• The main index recovered from intraday low in the last hour
of trade as the announcement from Finance Minister about
the GAAR rebounded market sentiment. The statement says
that GAAR rules are deferred for one year. i.e. It would be
implemented from the financial year 2014.
• Sensex was up 81.63 points to 16,912.71 points and Nifty
soared 27.30 points to 5,114.15 points on market close
• Sensex touched an intraday low of 16,514 points and an
intraday high of 16,944.13 points on BSE.

2. • On the sectorial front, capital goods edged higher by 3%,
while Power, Metal and auto indices were up more than
1%. Banking, Realty and PSU stock indices were ended on
positive terrain
• FMCG, Oil & Gas, technology and Healthcare indices were
ended on negative terrain.
• Titan industries were 3.51%after finance minister has
withdrawn levy on all branded and non-branded jewellery.
• Airline stocks such as Kingfisher Airlines, Jet Airways and
Spice-Jet ended higher by 7-12% each after the FM
statement on deferment of GAAR rules by one year.
• The shares of Housing Development Finance Corporation
increased by 1% to Rs.663 per share after the company
registered 17% increase in net profit at Rs.412 cr in Q4

3. • Andhra bank shares were up surged 3.73% after the bank
reported reported 8.6% jump in fourth quarter net profit at
Rs.339 crore over a year
• IRB Infrastructure hit 3 years low by shedding more than 12%
after the promoter of the company has been dragged for
investigation for RTI murder activist Satish Shetty murder case
• The shares of Oil Marketing companies edged higher by 2-5%
after the crude futures price tumbled in the overseas market
• UCO bank has reported that its net profit has surged 12 percent
to Rs.2.53 billion during the quarter ended March 31, 2012 from
Rs.2.26 billion in the corresponding period of the last financial
year. Stock up 1.31%
• Mid cap and small cap indices were up 0.5% and 0.3% each on
BSE

4. Global News
• The weak US job report and unclear political situation in
European region fuelled fears over the double dip recession
during the Asian trading hours, which led the stocks to end
on negative terrain
• Hangseng and Nikkei Average each were shed discreetly by
2% on Monday trade
• US job report showed that payrolls climbed up by 115,000 in
April against the expectation of 163,000 addition during the
period
• In France, Nicolas Sarkozy was defeated by Francois Hollande,
raising questions about the France’s own commitment to
austerity measures. The poll result from Greece suggested
two major parties that backed the nation’s fiscal bailout and
austerity package had fared poorly, raising the possibility of a
change in government and rejection of the financial aid
needed to meet Greece’s borrowing obligations.

5. Crude futures tumbled 58 cents to $97.91 per barrel during the
last trade as weak trade in equity market drove back the crucial
commodity future contract in New York
Gold futures was down $6 to $1 640 an ounce during the last
trade in New York Mercantile Exchange due to strong dollar
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