1. India-Global Market Summary 28-02-12
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 After a sharp loss witnessed in the last four days, Market rallied on
Tuesday trade with the help of strong buying interest for realty,
capital goods and financial sector stocks
 Additionally strong global cues also supported Indian equity market
to trade on the positive terrain
 At the end of the market hours, Sensex was booked a gain of 285.37
points to 17,731.12 points on BSE and Nifty advanced 94.30 points
to 5,375.50 points on NSE
 Other than FMCG and IT index, all the indices were ended on
positive note

2.  Realty, capital goods and banking indices were gained in the range
4-6% during the today’s trading session
 India’s Infrastructure sector grew at a slower pace of 0.5% in
January as against 6.5% in the same period of the last year.
 During the ten months ended January 2012, Infrastructure sector
output rose 4.1% as compared 5.7% in the year earlier period.
 In the banking space, SBI, ICICI Bank, HDFC and HDFC Bank shares
were surged in the range 2-6%
 The outperformer of the day, BHEL had gained 6.74% after the
company received an oil exploration contract from ONGC to oIl
drilling rigs
 Rinfra was up 11.5% on news release that the company is likely to
revise power tariffs once the state power regulator Maharashtra
Electricity Regulatory Commission (MERC) provisionally allowed a
revenue gap of Rs 222 crore for the financial year 2010-11.

3.  The board of directors of Bank of Baroda approved company plans to issue
preferential shares to LIC
 Essar oil has not recovered the insurance claim of Rs.302 Crore for the
damages sustained during the cyclone in 1998. stocks up 2.7%
 JSW Steel has increased its crude steel production by 39% to 8.05 lakh
tonne in January 2012 as compared to 5.8 lakh tonne produced in the year
earlier period. Stocks up 4.69%
 ONGC and GAIL India have planned to bid together an amount of $2 bn to
acquire Africa based Cove Energy
 Orchid Chemicals and Pharmaceuticals has redeemed FCCB worth $167.64
mn today. Stocks soared 5%
 Mid and Small cap indices were up 3.4% and 2.78% each respectively.
 Indian rupee gained 15 paise to Rs.49.07 per dollar as sustained demand
for nation currency and weak dollar firmed up market sentiment

4. On Global front, Greece parliament cleared the approval for raising
second bailout package, which would ease the debt burden of
Greece economy. As soon as the news hit the market, the risk
appetite for financial stocks increased amid investors
Asian markets ended almost on positive note as market expects
second liquidity injection from the European central bank
European markets were trading on green note with hopes of seeing
improved liquidity system in the years to come.
S&P has downgraded short term and long term sovereign ratings of
Greece economy to selective default
Dollar edged lower against the six major currencies after the lower
house of German parliament approved Greece bailout package
Gold futures was up $3 to $1,778 an ounce as weak dollar increased
demand for dollar priced commodity in overseas

5. Crude futures extended its yesterday loss in New York. The
recent contract was trading at $108.04 per barrel with a slump
of 52 cents during the last trade
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