Powered by lower WPI, markets end in green: After a flat opening, the benchmarks took off post the release of lower than expected July inflation data to close in green.

1. Powered by lower WPI, markets end in green
Market Summary
14-Aug-2012
After a flat opening, the benchmarks took off post the release of lower than expected July inflation data to close in green.
India's main inflation gauge, the wholesale price index (WPI), came surprisingly way below the expectation at 6.87% (provisional) for
the month of July, 2012 (over July, 2011) as compared to 7.25% (provisional) for the previous month and 9.36% during the
corresponding month of the previous year. (News)
After the poor show on IIP front, markets are now looking up to Reserve Bank of India (RBI) to slash interest rates to boost the
sagging economy. RBI has maintained in the past that rate cut is not an option in the high inflation scenario.
Bad news from the international trade front, India's exports dropped by 14.8 per cent year-on-year to USD 22.4 billion in July this year
as against USD 26.3 billion in July 2011. The decline is attributed to the global demand slowdown. Imports too contracted during the
month by 7.61 per cent to USD 37.9 billion.
Key Quarterly Results
Coal India: For the period while the Net Sales declined by 26.10%, Net Profit grown by 0.77% and thereby NPM improved to 5031.96%
as compared to 3690.25% on y-o-y basis. The stock ended 1.64% up on BSE today. (Featured Result)
R-Power: For the period while the Net Sales declined by 86.74%, Net Profit dipped by 27.50% and thereby NPM improved to 2574.73%
as compared to 470.91% on y-o-y basis. The stock rallied 4.67% on BSE today. (Result)
Suzlon Energy: For the period while the Net Sales declined by 48.40%, Net Profit dipped by 732.91% and thereby NPM reduced to
116.71% as compared to 9.51% on y-o-y basis. The stock created a new 52 week low today and ended 1.45% down on BSE. (Result)
The market breadth on the BSE closed in positive. Advances and declining stocks were in a ratio of 1498:1428 while 146 scrips
remained unmoved.
The BSE Sensex ended at 17728.20, up 94.75 points or 0.54%. The 30 share index touched a high and a low of 17753.43 and
17572.34 respectively. 22 stocks advanced against 7 declining ones on the benchmark index.
The S&P CNX Nifty gained 32.45 points or 0.61% to settle at 5380.35. The index touched high and low of 5387.05 and 5328.80
respectively. 32 stocks advanced against 18 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved up to 6147.67 and gained 0.30% while Small-cap index jumped up by 0.25% to 6596.40.
The broader BSE 500 index increased to 6781.15 (up 0.49%) and S&P CNX 500 index rose to 4234.50 (up 0.50%).
The volatility as denoted by INDIA VIX lost 2.31% at 15.64 from its previous close of 16.01 on Monday.
Sectors in action
On the BSE Sectorial front, Oil & Gas (up 1.27%), Banks (up 1.08%) and Metals (up 0.83%) were the top gainers.
Real Estate (down 0.73%), Healthcare (down 0.34%) and Power (down 0.07%) were the top losers.
The Angels and the Devils
Oil and Natural Gas Corporation Limited (up 2.36%), Reliance Industries Limited (up 2.14%), GAIL (India) Limited (up 2.01%), Larsen
And Toubro Limited (up 1.96%) and Bharti Airtel Limited (up 1.86%) were the top gainers on the Sensex.
Hindalco Industries Ltd. (down 2.16%), Hero MotoCorp Ltd. (down 1.83%), Sun Pharmaceutical Industries Limited (down 1.17%), Tata
Consultancy Services Limited (down 0.72%) and Hindustan Unilever Limited (down 0.53%) were the top losers on the Sensex.
Benchmark Drivers
Reliance Industries Limited (35.74 points), Housing Development Finance Corporation Limited (21.81 points), ICICI Bank (19.99
points), Larsen And Toubro Limited (18.46 points) and Oil and Natural Gas Corporation Limited (13.55 points) were the major Sensex
drivers today.
On the other end ICICI Bank (7.45 points), Reliance Industries Limited (6.30 points), Housing Development Finance Corporation
Limited (-5.92 points), T Motors Limited (3.68 points) and Oil and Natural Gas Corporation Limited (2.76 points) were the major
ata
Nifty movers today.
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