India-Global Market Summary 12-04-12Are you confused with savings and investment? Attend ourwebinar session conducted on every Sunday from 11:00 a.m to1:00 p.m and clarify all your doubts in finance planning. Visitwww.ifmaonline.com and enroll yourself to take up training.• Sensex erased some of the gains in after noon trade and finally closed on the positive region with the support of Banking, Metal and FMCG stocks.• The demand for banking stocks were became hot in the Mumbai market after the release of IIP data, which signals that the apex bank may consider to cut interest rates to boost growth in the upcoming policy review meeting.• During the month of February, India’s factory output expanded at 4.1% as against the revised January expansion data of 1.1%. The data is lower than the market expectation of 6.7%
• Market remained on the positive region even after the data has not met street expectation as it showed improvement from the previous month revised data. Government has revised January IIP data from 6.8% to 1.1% today.• Sensex rose 133.22 points to 17,332.62 points and Nifty gained 50 points to 5,276.85 points on market close• IT stocks ended with 1.15% loss in ahead of Infosys results, which is to be released tomorrow. Infosys tanked 1.87%• Aviation shed early day gains after the Government deferred the decision on allowing foreign carrier to purchase stocks in Indian airlines• Helathcare stocks were witnessed profit booking. Dr.Reddy
• NBCC slipped below its issue price during the debut trade. The scrip was seen at Rs.97 from the issue price of Rs.101 on BSE• MT Educare ended at 13% premium of Rs.90 on NSE from the listing price of Rs.80 per share• Mid cap and small cap stocks were up nearly 1% each on BSE.• The market breadth was positive, with 1,904 shares soared, 1,323 shares declined and 188 shares remained unchanged.• Indian rupee depreciated 17 paise to Rs.51.59 per dollar despite the equity market soared on Thursday trade.
Global news• Asian shares were closed on positive following a rally in US market. Nikkei was up surged 0.7% and Hangseng soared 0.93%• European shares were trading on mixed note during the early trade• Dollar shed 16 points to 79.57 after a rebound in the equity market across the globe. Euro soared 0.0030 to 1.3139 against dollar in overseas market• Gold futures were down $5 to $1,656 an ounce during the early trade in New York Mercantile Exchange• Crude futures were up 33 cents to $103.03 per barrel in the early trade in New York
The soft import data out of China has sunk investors to fear of future demand for the commodity in the global commodity market. China is the second largest economy in the world. Investors keenly watch the Chinese data as its consumption and demand will play a key role in the overseas market. ----------------------------------------------Free Internship Programme for the students with a backgroundof Finance and commerce, For more details, contact 044-32983431/ firstname.lastname@example.org. Visit us atwww.ifmaonline.com, To Keep you updated with daily marketnews, visit www.indiafinancebazaar.comFor students, we provide tailor made financial training upon thecollege request. Contact email@example.com forfurther details or call us at 044-32973431