1. India-Global Market Summary 30-08-2012
• Market opened weak and closed higher on bargain hunting. Data showing
continued buying by foreign investors also boosted sentiment. However
volatility was high as traders rolled over positions in the futures & options
(F&O) segment from the near-month August 2012 series to September
2012 series. The August 2012 derivatives contracts expired today. The
market breadth turned positive from negative in late trade. Sensex up by
0.29% to 17541.64 and Nifty up by 0.52% to 5315.05. From the 30-share
Sensex pack, 21 stocks rose and rest of them fell.
• FMCG stocks rose on revival of monsoon rains this month. FMCG giant
Hindustan Unilever hit record high. ITC also hit record high. Reliance
Industries trimmed intraday losses. Pharma stocks extended their recent
gains, with Cipla and Glenmark Pharma hitting 52-week high. Realty
stocks reversed initial losses. IT major TCS hit record high. Most aviation
shares rose.
• Gold prices declined due to weak global market. In global markets, gold
futures fell further as the European equities started lower pulling the
commodities down even more ahead of the highly-awaited meeting of
central bankers

2. • Orchid Chemicals & Pharmaceuticals company entered into a business transfer
agreement with Hospira for the sale and transfer of its Penicillin and Penem API
business for about $200 million.
• MphasiS consolidated net profit rose 10.19% to Rs 208.74 crore on 1.97% rise in
net sales to Rs 1355.12 crore in third quarter ended July 2012 over second quarter
ended April 2012.
• Jaiprakash Associates fell 2.19%, with the stock extending Wednesday's 9.22%
slide triggered by equity dilution worries after the company priced a $150 million
foreign currency convertible bonds issue.
• Lanco Infratech gained 3.39% on reports the company is engaged in talks with
private equity firms Bain Capital and Kohlberg Kravis Roberts to sell stake in its
power business
• Media shares rose on renewed buying ahead of the 31 October 2012 deadline for
cable TV digitization in four metro cities of Delhi, Mumbai, Kolkata and Chennai
• The Indian rupee gave up slight gains registered in the previous trading session to
commence lower on Thursday, August 30, 2012 as regional shares plunged, ahead
of the Fed meet on Friday
• Crude oil futures tumbled bleow $95 a barrel in Asia electronic traders today
further pressured by rise in the stockpiles last week
• Tech Mahindra declined in the market after BT Group Plc reportedly pared its stake
in the software firm through series of block deals today, 30 August 2012

3. Global news
• European stocks dropped on Thursday as investors got jittery a day ahead of a much anticipated speech by US
Federal Reserve Chairman Ben Bernanke. Asian stocks dropped on Thursday after the latest data showed Japan's
retail sales declined 0.8% in July 2012. Japan is the world's third biggest economy. US stocks closed with mild
gains Wednesday after the Federal Reserve's Beige Book reported gradual US economic expansion
• Borrowing costs mostly fell in Italian bond auctions on Thursday, 30 August 2012, as the country's Treasury sold
a total of 7.293 billion euros in Treasury bonds and floating rate bonds The country sold 2.5 billion euros of five-
years bonds at an average yield of 4.73%, down from 5.29% at previous auction.
• The European Commission said its euro-zone economic sentiment indicator fell to 86.1 in August from 87.9 in
July, reflecting an across the board decline in its sector indexes. The commission said its consumer-confidence
gauge dropped to minus 24.6 from minus 21.5 in July. The industry confidence gauge fell to minus 15.3 from
minus 15.1 in July, while the services gauge declined to minus 10.8 from minus 8.5. The retail-trade indicator
fell to minus 17.3 from minus 15, while the August construction index dropped to minus 33.1 from minus 28.5
in July.
• China said it plans to continue buying European sovereign debt, but urged further measures be taken to prevent a
worsening of the debt crisis. Wen Jiabao told that his main concerns were whether Greece would exit the single
currency and whether Italy and Spain would undertake steps necessary to prevent a worsening of the sovereign
debt crisis. Wen also said China remained confident in the future of the single currency and would seek closer
ties with the European Central Bank. China's outbound investment is likely to rise at a relatively fast pace this
year and in the coming years. China is on track to reach its goal of an average 17% annual growth in overseas
direct investment during 2011 to 2015.
• The number of unemployed German workers grew by a seasonally-adjusted 9,000 in August, the country's
Federal Labor Office reported on Thursday, 30 August 2012. The unemployment rate remained steady at 6.8%.
• Spanish consumer prices rose 2.7% on an annual basis in August, sharply higher than the 2.2% rise in prices in
July. The rise was blamed on higher oil prices. August consumer prices were the highest since November, when
prices began to move steadily lower for a few months before gaining in recent months. Crude oil prices are up
around 8% for the month of August so far.
• Japan's overall retail sales turned negative in July with a 0.8% drop from a year earlier, the first such fall since
November. Sales for the large retailers plunged 4.4%, accelerating a recent downward trend.
• Brazil's central bank on Wednesday cut the country's benchmark interest rate by a half-percentage point while
also signaling that a year-long easing of interest rates may have come to an end.

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