The key Indian indices surged by around 1.7% after China announced it would allow more flexibility in its currency. Metals and realty stocks rallied. The RBI directed banks to make NPA compromises in a transparent manner and express concerns about differing settlement amounts. Bharti Airtel plans to invest $100 million in expanding its network in Uganda over the next two years following its acquisition of Zain's Africa assets.
The Indian stock market indices witnessed broad-based gains following positive global market cues. The BSE Sensex closed up 1.9% and the Nifty closed up 1.8% at their highest levels in 31 months, led by metals and banking stocks. Foreign funds continued purchasing Indian stocks, boosting market sentiment. The outlook is positive if the Nifty sustains above 5,549 levels in early trade, but the market may see some correction if it falls below that level.
The key Indian stock market indices gained on sustained foreign capital inflows and healthy advance tax numbers, with the Sensex and Nifty rising 0.8% and 1.1% respectively. Cairn India stated that production from its Mangala oil field in Rajasthan could be increased to 150,000 barrels per day, higher than previously expected. Prakash Industries clarified that recent media reports of its alleged illegal coal mining were false and baseless.
The key Indian stock market indices saw modest gains of around 0.8% on positive cues from European and US markets recovering from early losses. Several mid-cap stocks such as United Breweries and United Breweries Holdings gained 5-20% while some like Gee Kay Finance and J&K Bank declined 3-5%. The document reviews the performance of key companies such as ACC, Ambuja Cements and Bajaj Auto reporting modest to strong revenue and profit growth or declines driven by factors like volume growth, input costs and currency fluctuations. The outlook provides technical support and resistance levels for the indices.
The document summarizes the performance of Indian stock market indices on June 24, 2010. It notes that market volatility was high as traders rolled over positions in the derivatives segment, though the market recovered from an initial slide and closed marginally higher. Several indices such as BSE mid-cap and small-cap closed up 0.8% and 0.7% respectively. Top gainers included Amtek Auto and Anant Raj, while top losers included L&T and Indus Ind. The document provides an outlook for the next day's market and notes recent news about companies such as Sun TV Network and Concor.
The document summarizes the performance of the Indian stock market indices on June 29, 2010. It reports that the key indices gained around 1% as positive sentiment was boosted by expectations of a good monsoon and the partial decontrol of fuel prices. Two notable company announcements are also summarized - Reliance Industries' seventh oil discovery, and Reliance Communication's plans to demerge its tower business with GTL Infra to create one of the world's largest independent telecom infrastructure companies.
The market edged higher in early trade but later declined, with the Sensex and Nifty closing down 0.1%. Mid-cap and small-cap indices closed up slightly. Reliance Industries agreed to pay $1.3 billion for a stake in Pioneer Natural Resources' shale gas assets in Texas. This adds 4.5 trillion cubic feet of gas to RIL's reserves. McNally Bharat Engineering won an order worth Rs41.4 crore from NTPC.
The key Indian stock indices slumped by around 0.7% as European and US stocks declined. Metal, banking and IT stocks fell the most. Intraday volatility was high as traders rolled over positions. The markets may see further gains if the indices remain above certain support levels, but may correct otherwise. Piramal Healthcare acquired assets from BioSyntech, a medical device company, while Rabobank sold an 11% stake in YES Bank for Rs. 1,000 crore.
The Indian stock market indices gained on June 15, 2010 led by positive sentiment from Fitch Ratings upgrading India's outlook. The BSE Sensex rose 1.6% and Nifty gained 1.5% along with gains in other indices such as mid-cap and small-cap. Several companies such as Infosys, Reliance Infra, and Wipro rose 3-4% while others like Bharti Airtel and Tata Motors fell 0-2%. In corporate news, RCOM planned to demerge its tower business, Mahindra Navistar began truck production, and SpiceJet announced a stake sale to Sun TV promoter Kalanithi Maran.
The Indian stock market indices witnessed broad-based gains following positive global market cues. The BSE Sensex closed up 1.9% and the Nifty closed up 1.8% at their highest levels in 31 months, led by metals and banking stocks. Foreign funds continued purchasing Indian stocks, boosting market sentiment. The outlook is positive if the Nifty sustains above 5,549 levels in early trade, but the market may see some correction if it falls below that level.
The key Indian stock market indices gained on sustained foreign capital inflows and healthy advance tax numbers, with the Sensex and Nifty rising 0.8% and 1.1% respectively. Cairn India stated that production from its Mangala oil field in Rajasthan could be increased to 150,000 barrels per day, higher than previously expected. Prakash Industries clarified that recent media reports of its alleged illegal coal mining were false and baseless.
The key Indian stock market indices saw modest gains of around 0.8% on positive cues from European and US markets recovering from early losses. Several mid-cap stocks such as United Breweries and United Breweries Holdings gained 5-20% while some like Gee Kay Finance and J&K Bank declined 3-5%. The document reviews the performance of key companies such as ACC, Ambuja Cements and Bajaj Auto reporting modest to strong revenue and profit growth or declines driven by factors like volume growth, input costs and currency fluctuations. The outlook provides technical support and resistance levels for the indices.
The document summarizes the performance of Indian stock market indices on June 24, 2010. It notes that market volatility was high as traders rolled over positions in the derivatives segment, though the market recovered from an initial slide and closed marginally higher. Several indices such as BSE mid-cap and small-cap closed up 0.8% and 0.7% respectively. Top gainers included Amtek Auto and Anant Raj, while top losers included L&T and Indus Ind. The document provides an outlook for the next day's market and notes recent news about companies such as Sun TV Network and Concor.
The document summarizes the performance of the Indian stock market indices on June 29, 2010. It reports that the key indices gained around 1% as positive sentiment was boosted by expectations of a good monsoon and the partial decontrol of fuel prices. Two notable company announcements are also summarized - Reliance Industries' seventh oil discovery, and Reliance Communication's plans to demerge its tower business with GTL Infra to create one of the world's largest independent telecom infrastructure companies.
The market edged higher in early trade but later declined, with the Sensex and Nifty closing down 0.1%. Mid-cap and small-cap indices closed up slightly. Reliance Industries agreed to pay $1.3 billion for a stake in Pioneer Natural Resources' shale gas assets in Texas. This adds 4.5 trillion cubic feet of gas to RIL's reserves. McNally Bharat Engineering won an order worth Rs41.4 crore from NTPC.
The key Indian stock indices slumped by around 0.7% as European and US stocks declined. Metal, banking and IT stocks fell the most. Intraday volatility was high as traders rolled over positions. The markets may see further gains if the indices remain above certain support levels, but may correct otherwise. Piramal Healthcare acquired assets from BioSyntech, a medical device company, while Rabobank sold an 11% stake in YES Bank for Rs. 1,000 crore.
The Indian stock market indices gained on June 15, 2010 led by positive sentiment from Fitch Ratings upgrading India's outlook. The BSE Sensex rose 1.6% and Nifty gained 1.5% along with gains in other indices such as mid-cap and small-cap. Several companies such as Infosys, Reliance Infra, and Wipro rose 3-4% while others like Bharti Airtel and Tata Motors fell 0-2%. In corporate news, RCOM planned to demerge its tower business, Mahindra Navistar began truck production, and SpiceJet announced a stake sale to Sun TV promoter Kalanithi Maran.
The document provides an analysis and outlook of the Indian stock market and various companies. It includes the following key points:
1) The Indian stock market indices ended the day with gains of 2% as foreign funds invested in the IPO of Coal India, boosting sentiments.
2) In the coming session, the market may see further gains if indices trade above certain threshold levels in the first half hour, or declines if below those levels.
3) Summaries of quarterly results from companies like TCS, Ambuja Cement, and ACC are provided, along with previews of upcoming results from Wipro and Bank of India.
The Indian stock market surged on September 14, 2010, with the key indices scaling their highest levels in nearly 32 months. The BSE Sensex gained 2.2% to close at 19,208 points and the Nifty rose 2.1% to close at 5,760 points. Major frontline stocks like SBI, HDFC and ICICI Bank gained 4-6%, while some stocks like Wipro and Bharti Airtel declined 0-1%. GlaxoSmithKline announced plans to invest over Rs. 300 crore to relaunch the Horlicks brand. Gateway Rail Freight completed construction of two new rail lines at a rail terminal to handle increased cargo volumes.
The key Indian stock indices ended marginally higher supported by strong auto sales figures and sustained foreign fund inflows. The markets opened higher tracking gains in Asian markets but pared some gains on weakness in European stocks. Auto and banking stocks provided support while telecom and oil & gas stocks declined. Foreign institutional investors remained net buyers in the market over the past two months. The document also provides analysis on various companies that reported their quarterly earnings.
The market opened on a firm note on Monday but gains were pared later in the day. The Sensex and Nifty closed with gains of 0.7% and 0.6% respectively, though mid and small cap indices ended lower. Stocks like Wipro, Jaiprakash Associates and Tata Motors gained 3-4% while Hindalco, ACC and Tata Steel lost 1-2%. The report provides technical analysis suggesting the key support and resistance levels for the market and also summarizes some corporate news items including acquisitions by ABB India and HDIL raising funds through a QIP.
The key Indian stock market indices opened weak but gained through the day, closing flat, as positive results from State Bank of India helped contain losses. NCC secured several new construction orders worth 673 million rupees. Indraprastha Gas reported quarterly results above expectations for revenue but slightly below for profits due to higher raw material costs. The document provides an analysis of market performance and notable company news and results.
The document discusses market performance and outlook for India on July 21, 2010. Key Indian indices closed down 0.3% as markets reversed early gains. The document provides technical analysis targets and support/resistance levels for the indices. It also summarizes recent quarterly results from Automotive Axles and Sesa Goa, and previews results for several other companies. Market volumes and FII flows are also summarized.
The document summarizes key points from Reliance Industries' annual general meeting, including plans to expand refining, petrochemical, and retail operations. RIL announced capacity additions in polyester, new plants for paraxylene and other petrochemical products, and aims to grow retail sales to $10 billion within five years. RIL also discussed priorities in upstream oil and gas exploration and developing a shale gas business, as well as investing in coal, hydro, and nuclear power plants.
The key Indian stock indices surged for the second straight day due to expectations of strong June 2010 company results, an upward revision to India's GDP growth forecast, and a cut to stock derivatives margin requirements. The Sensex and Nifty gained around 1%. Most sectoral indices were higher except for BSE FMCG. Mid and small-cap stocks also rose. The report recommends accumulating positions in select mid-cap steel companies like Prakash Industries and Godawari Power, which are expected to benefit from captive mineral assets and flexible business models. It maintains buy ratings on these companies and others in the sector.
- The key Indian indices edged higher at the beginning of trading due to sustained foreign buying and monsoon revival, but later slipped into negative territory as Asian stocks declined. However, they regained some ground as services sector growth continued.
- TCS, Wipro and Infosys gained 2-4%, while Bharti Airtel, ACC and Tata Steel lost 1-2%. Mid-caps like Jai Corp and Hathway Cables rose 6-9%, while REI Agro and Punj Lloyd fell 4-7%.
- The report provides outlook for the day's trading and lists various companies releasing earnings results.
The key Indian stock indices declined on October 20, 2010, with the Sensex and Nifty falling 0.9% and 0.8% respectively, as IT stocks weakened due to concerns over Apple's iPad sales. Banking stocks also declined amid volatility. However, mid and small cap indices gained 0.2%. In company news, Larsen & Toubro won a Rs. 1,449 crore order, and HDFC Bank reported a 32.7% rise in Q2 profit in line with estimates.
The document provides an analysis of the Indian stock market indices on April 29, 2010. It summarizes that the indices witnessed a major fall of 1.8% in line with global markets due to credit rating downgrades in Europe. Most sectors declined, with metals falling the most. Reliance Industries and Tata Steel were among the biggest decliners. The outlook expects further declines if indices trade below certain levels in the first half hour, but sees potential for a rally if they trade above those levels. The document also provides brief summaries of company and market news.
The document provides an outlook on the Indian market and analyzes various indices and sectors. It notes that the key benchmarks rose over 1.6% due to foreign buying and higher advance tax payments from companies. Specific sectors like FMCG, metals, and banking saw gains, while software stocks had a mixed trend. The document also provides a technical analysis of index levels and recommends levels to watch. It includes notes on upcoming IPOs from Electrosteel Steels and Ramky Infra, recommending subscribing to both based on their growth prospects and valuations.
1) The key Indian stock indices ended higher, with the Sensex gaining 0.6% and Nifty gaining 0.6% led by gains in metal and auto stocks.
2) India may consider buying BP's stake in a natural gas field in Vietnam as BP looks to sell assets to raise funds for costs related to the Gulf of Mexico oil spill.
3) BGR Energy Systems secured a Rs17 crore contract from NPCIL for work on a fast breeder reactor project in Kalpakkam, Tamil Nadu.
The Indian stock market indices ended higher, with the Sensex and Nifty closing up 1.1% each. Key domestic news included Vedanta likely having to increase its open offer price for Cairn India shares, and Sadbhav Engineering raising funds that could lead to an upgrade of its stock. Global indices were mostly lower with declines in the Dow, Nasdaq and FTSE.
The document provides a market outlook and summary of key events from India on May 6, 2010. It includes the following:
1) Domestic indices closed lower as metal stocks fell with slumping metal prices, while banking stocks declined on fears of further monetary tightening.
2) Preliminary discussions were held between Bank of Rajasthan promoters and banks like ICICI and HDFC about a potential merger.
3) Jagran Prakashan acquired the print media business of Mid-Day Multimedia via a share swap deal valued at around Rs. 175 crore.
4) The government agreed to provide additional Rs. 14,000 crore to oil marketing companies to compensate most of their losses
The market indices gained 1% as European stocks rose. Key sectors like banking, metals and IT rose while realty and oil & gas declined slightly. NMDC plans to invest Rs. 3,000 crore to build an iron ore pipeline in Chhattisgarh. Bajaj, Renault and Nissan have decided against forming a joint venture for their planned low-cost car, though the project is still ongoing.
The document provides an overview of the Indian stock market performance on April 28, 2010. It summarizes key index changes, reviews earnings results of several companies, and provides technical analysis on expected market movement. The Sensex and Nifty closed with losses of 0.3% as investors booked profits. Several companies reported earnings that were below or in-line with expectations. The technical outlook suggests the markets may see further gains if indexes trade above certain levels in early trading.
For 2QFY2011, TVS Motor (TVSM) reported:
1) Net sales growth of 43% year-over-year to Rs. 1,616 crore, slightly above estimates, driven by a 33.4% increase in total volumes.
2) EBITDA margin expanded 20 basis points quarter-over-quarter to 6.7%, marginally below estimates.
3) Net profit grew 123.1% year-over-year to Rs. 54.8 crore, above expectations, due to lower interest costs and tax rates.
The analyst maintains earnings estimates for TVSM but remains Neutral on the stock, believing the recent run-up factors in expected growth over
The document summarizes derivative market activity in India on June 11, 2010. It reports that open interest in Nifty futures increased slightly while Minifity futures open interest increased more sharply. It provides details on specific derivative contracts that saw increases or decreases in open interest. It also lists the top gainers and losers by change in open interest. Additionally, it gives observations on positions by foreign institutional investors, implied volatility levels, and notes on specific stocks that traders could consider based on changes in open interest.
The derivative report provides an analysis of the Indian derivatives market on October 19, 2010. It summarizes that the Nifty futures open interest increased by 2.65% while the Minifity interest decreased by 6.74%. It also notes that implied volatility decreased and certain stocks like GSPL and RELMEDIA saw increased options open interest. The report further provides commentary on specific stocks and strategies, and details on FII positions and turnover in the derivatives market.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on 09/06/2010. The Nifty and Sensex opened flat but closed in the red, down 0.93% and 0.98% respectively. Top gainers were led by Siemens at 1.70% while top losers were led by Hindalco at 5.79%. Sectoral performances were mixed with realty and metal sectors down over 2% while FMCG was up 0.69%. The document provides analysis that if indices close below support levels, further declines are possible, but a bounce is also not ruled out as hourly charts show indices in oversold zones.
The document provides an analysis of the Indian stock market on April 13, 2010. It summarizes the performance of key indices, noting slight losses for the Sensex and Nifty, while mid and small cap indices were mixed. Top gainers and losers among stocks are listed. The outlook predicts the trend levels for the day and potential trading ranges. News briefs discuss updates on construction companies Simplex Infrastructure and orders secured by IVRCL and HCC.
The document provides an analysis and outlook of the Indian stock market and various companies. It includes the following key points:
1) The Indian stock market indices ended the day with gains of 2% as foreign funds invested in the IPO of Coal India, boosting sentiments.
2) In the coming session, the market may see further gains if indices trade above certain threshold levels in the first half hour, or declines if below those levels.
3) Summaries of quarterly results from companies like TCS, Ambuja Cement, and ACC are provided, along with previews of upcoming results from Wipro and Bank of India.
The Indian stock market surged on September 14, 2010, with the key indices scaling their highest levels in nearly 32 months. The BSE Sensex gained 2.2% to close at 19,208 points and the Nifty rose 2.1% to close at 5,760 points. Major frontline stocks like SBI, HDFC and ICICI Bank gained 4-6%, while some stocks like Wipro and Bharti Airtel declined 0-1%. GlaxoSmithKline announced plans to invest over Rs. 300 crore to relaunch the Horlicks brand. Gateway Rail Freight completed construction of two new rail lines at a rail terminal to handle increased cargo volumes.
The key Indian stock indices ended marginally higher supported by strong auto sales figures and sustained foreign fund inflows. The markets opened higher tracking gains in Asian markets but pared some gains on weakness in European stocks. Auto and banking stocks provided support while telecom and oil & gas stocks declined. Foreign institutional investors remained net buyers in the market over the past two months. The document also provides analysis on various companies that reported their quarterly earnings.
The market opened on a firm note on Monday but gains were pared later in the day. The Sensex and Nifty closed with gains of 0.7% and 0.6% respectively, though mid and small cap indices ended lower. Stocks like Wipro, Jaiprakash Associates and Tata Motors gained 3-4% while Hindalco, ACC and Tata Steel lost 1-2%. The report provides technical analysis suggesting the key support and resistance levels for the market and also summarizes some corporate news items including acquisitions by ABB India and HDIL raising funds through a QIP.
The key Indian stock market indices opened weak but gained through the day, closing flat, as positive results from State Bank of India helped contain losses. NCC secured several new construction orders worth 673 million rupees. Indraprastha Gas reported quarterly results above expectations for revenue but slightly below for profits due to higher raw material costs. The document provides an analysis of market performance and notable company news and results.
The document discusses market performance and outlook for India on July 21, 2010. Key Indian indices closed down 0.3% as markets reversed early gains. The document provides technical analysis targets and support/resistance levels for the indices. It also summarizes recent quarterly results from Automotive Axles and Sesa Goa, and previews results for several other companies. Market volumes and FII flows are also summarized.
The document summarizes key points from Reliance Industries' annual general meeting, including plans to expand refining, petrochemical, and retail operations. RIL announced capacity additions in polyester, new plants for paraxylene and other petrochemical products, and aims to grow retail sales to $10 billion within five years. RIL also discussed priorities in upstream oil and gas exploration and developing a shale gas business, as well as investing in coal, hydro, and nuclear power plants.
The key Indian stock indices surged for the second straight day due to expectations of strong June 2010 company results, an upward revision to India's GDP growth forecast, and a cut to stock derivatives margin requirements. The Sensex and Nifty gained around 1%. Most sectoral indices were higher except for BSE FMCG. Mid and small-cap stocks also rose. The report recommends accumulating positions in select mid-cap steel companies like Prakash Industries and Godawari Power, which are expected to benefit from captive mineral assets and flexible business models. It maintains buy ratings on these companies and others in the sector.
- The key Indian indices edged higher at the beginning of trading due to sustained foreign buying and monsoon revival, but later slipped into negative territory as Asian stocks declined. However, they regained some ground as services sector growth continued.
- TCS, Wipro and Infosys gained 2-4%, while Bharti Airtel, ACC and Tata Steel lost 1-2%. Mid-caps like Jai Corp and Hathway Cables rose 6-9%, while REI Agro and Punj Lloyd fell 4-7%.
- The report provides outlook for the day's trading and lists various companies releasing earnings results.
The key Indian stock indices declined on October 20, 2010, with the Sensex and Nifty falling 0.9% and 0.8% respectively, as IT stocks weakened due to concerns over Apple's iPad sales. Banking stocks also declined amid volatility. However, mid and small cap indices gained 0.2%. In company news, Larsen & Toubro won a Rs. 1,449 crore order, and HDFC Bank reported a 32.7% rise in Q2 profit in line with estimates.
The document provides an analysis of the Indian stock market indices on April 29, 2010. It summarizes that the indices witnessed a major fall of 1.8% in line with global markets due to credit rating downgrades in Europe. Most sectors declined, with metals falling the most. Reliance Industries and Tata Steel were among the biggest decliners. The outlook expects further declines if indices trade below certain levels in the first half hour, but sees potential for a rally if they trade above those levels. The document also provides brief summaries of company and market news.
The document provides an outlook on the Indian market and analyzes various indices and sectors. It notes that the key benchmarks rose over 1.6% due to foreign buying and higher advance tax payments from companies. Specific sectors like FMCG, metals, and banking saw gains, while software stocks had a mixed trend. The document also provides a technical analysis of index levels and recommends levels to watch. It includes notes on upcoming IPOs from Electrosteel Steels and Ramky Infra, recommending subscribing to both based on their growth prospects and valuations.
1) The key Indian stock indices ended higher, with the Sensex gaining 0.6% and Nifty gaining 0.6% led by gains in metal and auto stocks.
2) India may consider buying BP's stake in a natural gas field in Vietnam as BP looks to sell assets to raise funds for costs related to the Gulf of Mexico oil spill.
3) BGR Energy Systems secured a Rs17 crore contract from NPCIL for work on a fast breeder reactor project in Kalpakkam, Tamil Nadu.
The Indian stock market indices ended higher, with the Sensex and Nifty closing up 1.1% each. Key domestic news included Vedanta likely having to increase its open offer price for Cairn India shares, and Sadbhav Engineering raising funds that could lead to an upgrade of its stock. Global indices were mostly lower with declines in the Dow, Nasdaq and FTSE.
The document provides a market outlook and summary of key events from India on May 6, 2010. It includes the following:
1) Domestic indices closed lower as metal stocks fell with slumping metal prices, while banking stocks declined on fears of further monetary tightening.
2) Preliminary discussions were held between Bank of Rajasthan promoters and banks like ICICI and HDFC about a potential merger.
3) Jagran Prakashan acquired the print media business of Mid-Day Multimedia via a share swap deal valued at around Rs. 175 crore.
4) The government agreed to provide additional Rs. 14,000 crore to oil marketing companies to compensate most of their losses
The market indices gained 1% as European stocks rose. Key sectors like banking, metals and IT rose while realty and oil & gas declined slightly. NMDC plans to invest Rs. 3,000 crore to build an iron ore pipeline in Chhattisgarh. Bajaj, Renault and Nissan have decided against forming a joint venture for their planned low-cost car, though the project is still ongoing.
The document provides an overview of the Indian stock market performance on April 28, 2010. It summarizes key index changes, reviews earnings results of several companies, and provides technical analysis on expected market movement. The Sensex and Nifty closed with losses of 0.3% as investors booked profits. Several companies reported earnings that were below or in-line with expectations. The technical outlook suggests the markets may see further gains if indexes trade above certain levels in early trading.
For 2QFY2011, TVS Motor (TVSM) reported:
1) Net sales growth of 43% year-over-year to Rs. 1,616 crore, slightly above estimates, driven by a 33.4% increase in total volumes.
2) EBITDA margin expanded 20 basis points quarter-over-quarter to 6.7%, marginally below estimates.
3) Net profit grew 123.1% year-over-year to Rs. 54.8 crore, above expectations, due to lower interest costs and tax rates.
The analyst maintains earnings estimates for TVSM but remains Neutral on the stock, believing the recent run-up factors in expected growth over
The document summarizes derivative market activity in India on June 11, 2010. It reports that open interest in Nifty futures increased slightly while Minifity futures open interest increased more sharply. It provides details on specific derivative contracts that saw increases or decreases in open interest. It also lists the top gainers and losers by change in open interest. Additionally, it gives observations on positions by foreign institutional investors, implied volatility levels, and notes on specific stocks that traders could consider based on changes in open interest.
The derivative report provides an analysis of the Indian derivatives market on October 19, 2010. It summarizes that the Nifty futures open interest increased by 2.65% while the Minifity interest decreased by 6.74%. It also notes that implied volatility decreased and certain stocks like GSPL and RELMEDIA saw increased options open interest. The report further provides commentary on specific stocks and strategies, and details on FII positions and turnover in the derivatives market.
The market summary provides an overview of the performance of key indices and sectors in the Indian market on 09/06/2010. The Nifty and Sensex opened flat but closed in the red, down 0.93% and 0.98% respectively. Top gainers were led by Siemens at 1.70% while top losers were led by Hindalco at 5.79%. Sectoral performances were mixed with realty and metal sectors down over 2% while FMCG was up 0.69%. The document provides analysis that if indices close below support levels, further declines are possible, but a bounce is also not ruled out as hourly charts show indices in oversold zones.
The document provides an analysis of the Indian stock market on April 13, 2010. It summarizes the performance of key indices, noting slight losses for the Sensex and Nifty, while mid and small cap indices were mixed. Top gainers and losers among stocks are listed. The outlook predicts the trend levels for the day and potential trading ranges. News briefs discuss updates on construction companies Simplex Infrastructure and orders secured by IVRCL and HCC.
Ranbaxy reported strong financial results for the first quarter of 2010, driven by exclusivity of the drug Valtrex in the US market and a $50 million settlement from Flomax. Revenue was up 60% and net profit replaced a previous loss, though guidance for the full year remained unchanged. Ongoing issues with the US FDA inspection of manufacturing facilities leaves the outlook neutral, despite the good quarterly performance.
The key points from the document are:
1) The Nifty futures open interest increased 3.6% while the Minifutures open interest rose 2.9% as the market closed at 5215.45.
2) The April Nifty future closed at a premium of 1.25 points while the May future closed at a premium of 0.75 points.
3) The PCR-OI decreased from 1.38 to 1.24 as implied volatility rose for April and May series options.
4) Rollover for Nifty futures was 59.17% and for Minifutures was 52.52% while the overall market rollover was 65%.
ACC reported a 2.3% year-over-year increase in quarterly revenue driven by a 4% rise in realizations. Operating margins declined slightly to 31.2% due to higher raw material costs. Net profit was flat at Rs. 405 crore as increased depreciation expenses offset lower interest costs. The analyst maintains a Neutral rating on ACC, setting a fair value of Rs. 948 based on an EV/EBITDA multiple of 7.5x for CY2011 estimates.
The Indian stock markets extended their gains during the week, closing above 18,000 on the BSE index and boosting investor sentiment. The BSE metals index gained the most at 4.1% led by gains in Tata Steel, SAIL, and Jindal Steel. In the coming RBI monetary policy, the focus will be on controlling inflation using policy tools, and the RBI is expected to hike repo and reverse repo rates by 25 basis points each.
- Kesoram Industries is a diversified company with businesses in cement and tyre manufacturing. It has attractive valuations for both businesses that are at a substantial discount to peers and replacement costs.
- The analyst values the cement business at EV/tonne of $65, lower than replacement costs of $80/tonne but comparable to southern peers. The tyre business valuation of Rs2cr/tpd is at a 35-63% discount to peers.
- Based on this sum-of-the-parts valuation, the analyst assigns a target price of Rs437 per share, implying attractive valuations on a 12 month horizon.
1) ONGC reported lower than expected results for the first quarter of fiscal year 2011 due to lower crude oil and natural gas production as well as a decline in net realizations.
2) Total operating income declined 8.7% year-over-year to Rs. 13,823 crore, while net profit declined 24.5% to Rs. 3,661 crore.
3) While performance is expected to improve going forward due to fuel price reforms, the analyst maintains an "Accumulate" rating on ONGC shares due to limited downside risk and potential for further reforms in the oil sector.
- The derivative report summarizes developments in the derivatives market in India on October 26, 2010. It provides data on changes in open interest and premiums for various indexes and stocks. It also analyzes positions of FIIs and options activity. Strategies like bull call spreads and bear put spreads are explained for the Nifty index. The report concludes with a disclaimer about the information provided.
The technical report provides a market summary for the day, including indices levels, top gainers and losers, and sectoral performance. It predicts the indices will see range-bound activity or a small correction in the coming week. It lists pivot point support and resistance levels for various stocks. The report maintains a view to keep stop losses for long positions and identifies some stocks with positive and negative bias over the next 2-3 days.
Jagran Prakashan has approved acquiring the print media business of Mid-day Multimedia via a share swap that values the business at approximately Rs175 crore. This deal is expected to be earnings accretive for Jagran Prakashan and boost its advertising revenues due to bundling effects from combined offerings. The acquisition will lead to around a 5% dilution in Jagran Prakashan. The analyst maintains a buy recommendation on Jagran Prakashan with a target price of Rs160.
Marico expects its core brands Parachute and Saffola to post steady volume growth through focus on rural markets and new product launches. However, rising input costs have led Marico to initiate price hikes across brands. Additionally, Marico is optimistic about the prospects of its international business and new product categories in India such as cooling oils and functional foods.
Ipca Laboratories reported lower than expected financial results for the first quarter of fiscal year 2011. Revenue was in line with estimates but operating profit was below expectations due to higher employee and promotional expenses. Net profit declined by 21.9% year-over-year due to lower operating margins and foreign exchange losses. The company's domestic formulation sales grew 16% driven by over-the-counter and pain relief segments, but anti-malarial drugs saw reduced sales due to a delay in monsoon season. Export sales increased and offset some of the weakness in domestic sales. Going forward, management expects a recovery in anti-malarial drugs and growth from its expanded domestic sales force and international expansion plans.
Container Corporation of India reported lower profits in FY2010 due to lower ground rent revenues and its inability to fully pass on increases in haulage charges. Export volumes remain weak as revival has yet to happen, while domestic volume growth is expected to increase to 25% of total volumes by FY2012 from the current 22%. Margins are forecasted to remain under pressure in FY2011 from higher contributions from low-margin domestic business and increased empty container runs in the first half of the year. Management expects modest volume growth of 10-12% in FY2011 largely due to a low base and higher imports.
The document provides an analysis of the Indian stock market on May 21, 2010. It summarizes that the benchmark indices rebounded after two days of losses but came off highs, and closed up 0.7% and 0.6% respectively. Mid and small cap indices closed down. Oil and gas stocks rose after a gas price increase while telecom stocks were mixed following a 3G spectrum auction. Global indices also declined on the day with Dow Jones down 3.6%. The document then provides commentary on factors that could influence if the market rises or falls that day and lists the top gainers and losers. It also initiates coverage on Elecon Engineering and recommends it as a buy.
The key Indian stock market indices saw modest gains of around 0.8% on positive cues from European and US markets recovering from early losses. Several mid-cap stocks such as United Breweries and United Breweries Holdings gained 5-20% while some like Gee Kay Finance and J&K Bank declined 3-5%. The document reviews the performance of key companies such as ACC, Ambuja Cements and Bajaj Auto reporting mixed quarterly results with ACC reporting a decline in profits on higher costs while Ambuja Cements and Bajaj Auto saw profit growth.
The key Indian stock indices surged for the second straight day due to expectations of strong quarterly results, an upward revision to India's GDP growth forecast, and a cut in stock derivatives margins. The Sensex and Nifty gained around 1%. Mid and small cap stocks also saw gains. Analysts recommend accumulating shares of certain mid-cap steel companies like Prakash Industries and Godawari Power due to their captive mineral assets and attractive valuations. They maintain positive views and buy recommendations on these companies.
The market opened firmly but pared some gains later in the day due to profit-taking. Key indices closed near the day's high, with heavyweights leading the rally. All sectoral indices on the BSE were in the green. Mid and small-cap stocks outperformed frontline stocks. Career Point IPO is recommended with a subscribe rating. Eros International Media IPO is also recommended with a subscribe rating up to a 16% upside. Bajaj Hindusthan received export permission for 200,000 tonnes of raw sugar. Cement prices are expected to increase in southern India by Rs30 per bag.
The Indian stock market rebounded after two days of losses, with the BSE Sensex closing 0.9% higher and Nifty crossing the 6,000 mark, gaining 1%. Mid-cap and small-cap indices also rose over 1%. Most sectoral indices ended in positive territory. The advance estimates of sugarcane production for the kharif season were in line with expectations. Hindustan Construction Company won a Rs. 660 crore contract for the construction of a hydroelectric power project. The market outlook was positive if Nifty trades above 6,000 levels in early trade.
The document summarizes market conditions in India on June 7, 2010. It reports that domestic indices opened lower but recovered during the day, with the Sensex and Nifty closing up 0.6% and 0.5% respectively. Global markets were mostly lower, with the Dow Jones down 3.2%. The Finance Minister directed listed companies in India to have a minimum 25% public shareholding over 3 years. This aims to widen investor participation and improve price discovery. Around 190 companies will need to increase public ownership from current levels.
- The Indian stock market indices opened higher but ended the day lower, with the Sensex and Nifty falling 1% each. Mid-cap and small-cap indices fell less at 0.6% each.
- Consolidated Construction Consortium secured a Rs. 200 crore order from Airports Authority of India. Sadbhav Engineering set a record date of June 17 for its rights issue to raise Rs. 125 crore.
- The report provides analysis of factors impacting the market and recommendations on specific stocks.
- The Indian stock market opened flat but gained momentum and moved into positive territory, though selling pressure limited gains. The Sensex and Nifty closed down 0.3% and 0.2% respectively.
- Mid and small cap indices outperformed, gaining 0.8% and 1.1%. Select frontline stocks like RCOM and M&M rose 2-4% while HDFC and HUL fell 1-3%.
- Axis Bank plans to raise $200 million in commercial paper to fund its overseas branches. GSK Consumer is looking to expand into new food and beverage categories like health foods.
Indian markets opened higher on positive global cues but pared gains later in the day. The Sensex and Nifty ended the day up 0.2% and 0.3% respectively, with mid and small cap indices outperforming. Auto and realty stocks provided support, while IT and metal stocks declined. Tata Motors increased its QIP issue size to raise funds to reduce debt levels. IVRCL bagged construction orders worth Rs. 1,120 crore. Cement dispatches in September were affected by monsoons with most major players reporting lower volumes except JP Associates.
The key Indian stock market indices surged on the first day of the new financial year, snapping a two-day slide due to broad-based buying. IT stocks rallied after recent declines while banking stocks gained on fresh buying. However, manufacturing growth slowed in the previous month. The Sensex and Nifty ended lower by 0.9% and 0.8% respectively, while mid-cap and small-cap indices closed higher.
The key Indian stock indices edged higher, with the Sensex gaining 0.6% and closing at 17,977. Metal and auto stocks rose, while HDFC and healthcare stocks declined. The markets may see further gains if the Nifty trades above 5,392 in early trading, but could correct otherwise. ONGC may consider buying BP's Vietnam gas field assets, while BGR Energy won a Rs.17 crore contract from NPCIL.
The key Indian stock indices edged higher, with the Sensex gaining 0.6% and closing at 17,977. Metal and auto stocks rose, while HDFC and healthcare stocks declined. The markets may see further gains if the Nifty trades above 5,392 in early trading, but could correct otherwise. ONGC may consider buying BP's Vietnam gas field assets, while BGR Energy won a Rs.17 crore contract from NPCIL.
The Indian stock market indices saw modest gains on Thursday as worries about European sovereign debt eased. The Sensex and Nifty closed with gains of 0.9% and 0.8% respectively, while mid and small cap indices underperformed. Selected pharma, auto and metal stocks rose, while IT and banking stocks declined slightly. Sun Pharma received FDA approval for a generic drug and Bajaj Hindusthan announced plans to merge a subsidiary. Analysts believe the market may see further gains if indices remain above certain support levels early in the trading session.
The Indian stock market indices rose on Thursday as worries about European sovereign debt declined. The Sensex and Nifty closed with gains of 0.9% and 0.8% respectively, while mid and small cap indices underperformed. Sun Pharma received approval to launch a generic version of Keppra in the US. Bajaj Hindusthan announced plans to merge a subsidiary to realize operational synergies. The report provides analysis of market movements and notable corporate news items.
- The key Indian indices (Sensex and Nifty) declined by 0.4% and 0.5% respectively, tracking subdued European markets and concerns over rising food inflation in India.
- Banking, realty and oil & gas stocks led the declines, while HUL, ONGC and ITC gained 1-2%. Midcap stocks like Dalmia Cement rose 5-9% while losses were seen in Blue Star and Indusind Bank.
- The article provides analysis on recent company news and IPOs, and recommends a neutral view on the Ashoka Buildcon IPO and subscribe view on the Tecpro Systems IPO.
The document provides an analysis of market conditions in India on June 17, 2010. Key Indian indices opened higher due to advance tax payments by firms and positive global market cues but later gave up gains. The Sensex and Nifty closed slightly higher by 0.3% and 0.2% respectively, while mid-cap and small-cap indices underperformed. News briefs discuss a hike in CNG prices in Delhi, RIL's potential bid for power projects, and a contract win by Tata Motors.
- The key Indian indices (Sensex, Nifty) closed down 1% due to weakness in Asian and European markets. Mid-cap and small-cap indices fell only slightly.
- Bharti Airtel plans to invest $600 million in its Nigerian operations to capitalize on growth opportunities in that market.
- JSW Steel's quarterly crude steel production grew 14% year-over-year to 1.57 million tons due to rising demand.
The Indian markets are expected to open higher, tracking gains in most Asian markets. Spain has asked for a bailout of up to €100 billion for its banking system. Chinese exports grew more than expected in May. In India, shares extended gains for a fifth session despite weak global cues as major central banks held off on additional stimulus. The key support and resistance levels for the Nifty are 5,023 and 5,114 respectively. L&T has bagged orders worth Rs. 483 crore to build commercial vessels in Qatar. Vedanta Resources has acquired a 24.5% stake in Raykal Aluminium for Rs. 201 crore.
Axis Bank reported a 27.0% year-over-year increase in net profit to Rs. 942 crore for the first quarter of fiscal year 2012, in line with analyst estimates. Business growth momentum slowed as advances declined 7.4% quarter-over-quarter and deposits fell 3.0% quarter-over-quarter, moderating the bank's cash-deposit ratio to 40.5% from 41.1% last quarter. However, asset quality remained healthy with slippage ratio declining to 0.8% and gross and net NPA ratios stable.
1) For 1QFY2012, Electrosteel Castings reported 16.4% sales growth but margins declined due to higher raw material costs. EBITDA fell 18.2% and net profit declined 7.2%.
2) While sales volumes grew, costs increased more due to a rise in raw material costs as a percentage of sales.
3) The company maintains a buy recommendation due to initiatives in steelmaking and backward integration that should lower costs starting in FY2013 and valuation remains attractive.
1) For 1QFY2012, Persistent Systems reported revenues of ₹224 crore, up 5.2% over the previous quarter and 23.6% over the same period last year.
2) EBITDA was ₹40 crore, up 5.3% over the previous quarter but margins declined.
3) PAT was ₹28 crore, down 16.8% over the previous quarter due to higher taxes.
4) Management maintained revenue guidance of 29% growth for FY2012 and expects PAT to remain flat despite higher tax rates.
HT Media reported a 22.7% year-over-year increase in revenue to ₹494 crore for the first quarter of FY2012. Revenue was also up 5.8% quarter-over-quarter. Advertising revenue grew 17% year-over-year, with 18% growth in English and 15% growth in Hindi. Operating profit rose 11.8% year-over-year to ₹87.8 crore due to higher other income and lower tax rates, although operating margins contracted by 174 basis points. The company maintained its Accumulate rating based on expectations of continued revenue growth and margin expansion.
The summary is:
1) The derivative report analyzes the performance of the Nifty futures, options, and key stocks from the previous trading session on July 18, 2011.
2) It provides details on changes in open interest, premium levels, volatility, and turnover for various derivatives contracts.
3) Trading strategies and technical analysis is also given for some stocks along with risk-reward profiles of sample spreads trades for the Nifty.
The market ended lower, with the Sensex and Nifty closing down 0.3%. Mid- and small-cap indices closed higher. Select heavyweights like Hindalco Industries and BHEL gained 1-3%, while TCS and Tata Motors lost 1-2%. In corporate news, Motherson Sumi Systems agreed to acquire an 80% stake in Peguform for €141.5 million. HDFC Bank, Cadila Healthcare, Crompton Greaves, and Ashok Leyland are scheduled to announce their quarterly results. The trend for the day will be decided by whether Nifty trades above or below the levels of 18,533/5,572 in early trade.
- GSM subscriber additions in India continued their declining trend in June 2011, with net additions of 9.6 million, down 10% from the previous month.
- All major operators except BSNL reported a drop in subscriber additions. Bharti and Vodafone each added 2.1 million subscribers.
- The total GSM subscriber base reached 598.8 million in June 2011, with Bharti, Vodafone, Idea and BSNL maintaining their major market shares.
The document provides a technical analysis of the Indian stock market indices Sensex and Nifty for the week of July 16, 2011. It summarizes that the indices declined over 1.5% for the week and are currently trading in a range between 18,326/5496 on the downside and 19,132/5740 on the upside. It notes that a break above or below this range would dictate the direction of the upcoming trend. The analysis also lists pivot levels for 50 Nifty stocks to watch in the coming week.
The document provides a summary of derivative market activity in India for July 18, 2011. Key points include:
- Nifty futures open interest increased 0.67% while Mini Nifty increased 3.48% as the market closed at 5581.10
- Nifty July futures closed at a premium of 5.85 points and August futures at a premium of 22.60 points
- Implied volatility of at-the-money options decreased from 18% to 17.3%
- Total open interest in the market was Rs. 135,158 crore with stock futures open interest at Rs. 34,675 crore.
The indices opened flat but traded choppily throughout the day. Metal, auto and realty stocks declined while IT stocks gained. The indices are currently trading in a range between 18,326-18,810/5496-5653 on the downside and 19,132-19,094/5740-5700 on the upside. A break above these resistance levels could lead to further gains while a break below support could result in losses extending to 17,805-17,950/5350-5400. Pivot levels for 50 Nifty stocks are provided.
- The key Indian stock indices declined slightly, with the Sensex and Nifty closing down 0.3%.
- GSM subscriber additions in India continued their declining trend in June across most major operators such as Idea, Bharti Airtel, and Vodafone. Total GSM subscriber addition was 9.6 million, down 10% from the previous month.
- Tata Motors reported flat annual global sales growth in June 2011 compared to the previous year.
- South Indian Bank reported a 41.2% year-over-year increase in net profit to Rs. 82 crores for the first quarter of fiscal year 2012, slightly below analyst estimates.
- Business growth remained strong, with advances growth of 31.2% and deposits growth of 35.5% year-over-year. However, net interest margins compressed by 29 basis points sequentially to 2.8% due to a sharp rise in the bank's cost of deposits.
- Non-interest income was boosted by treasury gains, but fee income growth was modest. Asset quality was stable with gross and net NPAs rising marginally, and provision coverage at a comfortable 73.1%.
Bajaj Auto reported marginally lower-than-expected results for the first quarter of fiscal year 2012, with net sales growth of 22.8% year-over-year driven by a 17.7% increase in volumes. However, operating margins contracted by 145 basis points quarter-over-quarter to 19.1% due to a 150 basis point increase in raw material costs. As a result, net profit grew by 20.5% year-over-year to ₹711 crore, which was slightly below analyst estimates. Going forward, the analyst expects further margin pressure and has revised downward its earnings estimates for fiscal years 2012 and 2013 to factor in higher raw material costs and changes to export incentives.
1) Tata Consultancy Services (TCS) reported strong results for the first quarter of fiscal year 2012, outperforming expectations with revenue growth of 6.3% over the previous quarter and 31.4% over the same quarter of the previous fiscal year.
2) A key highlight was 7.4% quarter-over-quarter growth in business volumes. While profit margins declined due to wage hikes, net profit remained flat due to foreign exchange gains.
3) Management maintained a positive outlook, highlighting strong demand environment and deal pipeline, and expects pricing increases later in the fiscal year.
The document summarizes the Indian stock market outlook and performance on July 15, 2011. It reports that domestic indices closed with modest gains of 0.1-0.4%, while global indices declined. Wholesale price inflation in India rose to 9.44% in June 2011, above estimates and persisting above 9% for seven months, driven by increases in primary articles and fuel costs. Key benchmark levels are identified for determining if the market may continue rallying or correct in the near term.
The summary is:
1) The derivative report analyzes the movement in Nifty futures, options, and individual stocks between July 14-15, 2011.
2) Nifty futures open interest decreased while mini Nifty open interest increased as the market closed at 5599.80.
3) Implied volatility of at-the-money options increased from 17.6% to 18%.
The Sensex and Nifty indices opened lower and traded with volatility, closing marginally lower. On the sectoral front, Realty, Banks and Healthcare gained while IT and FMCG fell. The advance-decline ratio favored advancing stocks. On the daily chart, prices tested but did not close above the downward gap area of 18,679-18,589/5,601-5,580 levels. Immediate resistance is seen at 18,735/5,633, while 18,449/5,541 is crucial support.
1) Infosys reported modest revenue growth of 3.2% qoq for 1QFY2012. EBITDA and margins declined due to wage hikes.
2) Guidance for 2QFY2012 revenue growth was lower than expected at 3.5-5% qoq. Annual revenue growth guidance was unchanged.
3) The analyst revised EPS estimates down and cut the target price to INR 3,200 due to macro concerns and muted guidance.
This document summarizes a derivative report from India Research dated July 13, 2011. Some key points:
- The Nifty futures open interest increased 0.51% while Minifty futures open interest rose 8.2% as the market closed at 5526.15.
- Implied volatility of at-the-money options increased from 18% to 19.75%. PCR-OI decreased from 1.20 to 1.15.
- Total open interest of the market is Rs. 125,816 crore and stock futures open interest is Rs. 33,500 crore.
- FII were net sellers of Rs. 969 crore in the cash market segment. Put-call
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
1. Market Outlook
India Research
June 22, 2010
Dealer’s Diary Domestic Indices Chg (%) (Pts) (Close)
The key indices surged after China announced over the weekend that it will BSE Sensex 1.7% 305.7 17,877
allow its currency more freedom to move against the US dollar, which should Nifty 1.7% 90.7 5,353
spur its economic growth. An end to the row over regulation of Unit Linked MID CAP 1.3% 90.1 7,066
Insurance Products (ULIPs) and firm Asian stocks, aided the rally on the SMALL CAP 1.2% 107.6 8,954
domestic bourses. Metals and realty shares rallied. The market extended gains BSE HC 1.0% 54.3 5,657
in morning trade, remained range bound in early afternoon trade and pared BSE PSU 0.6% 52.1 9,256
gains after hitting fresh intraday highs in mid-afternoon trade. Both the Sensex BANKEX 2.0% 222.3 11,102
and Nifty closed up by 1.7% each, while the BSE mid-cap and small-cap indices AUTO 1.5% 122.0 8,257
closed up by 1.3% and 1.2%, respectively. Among the front-liners, Sterlite METAL 5.2% 764.2 15,586
Industries, Tata Steel, Hindalco Industries, ICICI Bank and JP Associates were up OIL & GAS 0.9% 90.7 10,384
by 4–8%, while HDFC Bank and Bharti Airtel were the only losers, which ended BSE IT 0.7% 35.4 5,436
down by 0.3% and 0.1%, respectively. Among the mid-caps, Edelweiss Capital,
Fresenius Kabi, Mahindra Lifespace Developers, India Infoline and Geekay
Global Indices Chg (%) (Pts) (Close)
Finance were up by 5–19%, while Kwality Dairy, IBN18 Broadcast, Patni
Computer Systems, KGN Industries and GTL declined by 2–5%. Dow Jones -0.1% (8.2) 10,442
NASDAQ -0.9% (20.7) 2,289
Markets Today FTSE 0.9% 48.3 5,299
Nikkei 2.4% 243.0 10,238
The trend deciding level for the day is 17817/5329 levels. If NIFTY trades
Hang Seng 3.1% 625.5 20,912
above this level during the first half-an-hour of trade then we may witness a
Straits Times 1.8% 52.2 2,886
further rally up to 17979–18082/5391–5429 levels. However, if NIFTY trades
Shanghai Com 2.9% 73.0 2,586
below 17817/5329 levels for the first half-an-hour of trade then it may correct
up to 17714–17552/5291–5229 levels.
Indian ADRs Chg (%) (Pts) (Close)
Indices S2 S1 R1 R2 Infosys -0.3% (0.2) $63.2
SENSEX 17,552 17,714 17,979 18,082 Wipro 1.6% 0.4 $22.4
NIFTY 5,229 5,291 5,391 5,429 Satyam 1.8% 0.1 $5.1
ICICI Bank 2.3% 0.9 $39.0
News Analysis HDFC Bank 2.7% 4.1 $154.6
RBI seeks transparency in NPA compromise settlements
Advances / Declines BSE NSE
Bharti Airtel to invest US $100mn in Zain Uganda
Advances 1,837 964
Refer detailed news analysis on the following page.
Declines 1,063 356
Net Inflows (June 18, 2010) Unchanged 96 47
Rs cr Purch Sales Net MTD YTD
FII 2,134 1,439 695 4,843 25,379 Volumes (Rs cr)
MFs 511 557 (46) 468 (6,662) BSE 4,112
NSE 12,790
FII Derivatives (June 21, 2010)
Open
Rs cr Purch Sales Net
Interest
Index Futures 3,587 3,162 4,26 15,782
Stock Futures 5,578 5,773 (196) 30,812
Gainers / Losers
Gainers Losers
Price Price
Company Chg (%) Company Chg (%)
(Rs) (Rs)
Sesa Goa 388 9.5 Patni Comp. 537 (3.8)
Sterlite Inds 184 8.3 GTL 416 (2.5)
Tata Steel 504 6.3 MMTC 31,296 (2.4)
Hindalco 153 5.6 Glenmark Phar. 266 (1.0)
JSW Steel 1,095 5.5 Zee Entert 293 (1.0)
Please refer to important disclosures at the end of this report Sebi Registration No: INB 0109965391
2. Market Outlook | India Research
RBI seeks transparency in NPA compromise settlements
The Reserve Bank of India (RBI) has directed banks to carry out the settlement of non-
performing assets (NPAs) in a transparent manner. The RBI expressed concerns that some
banks were agreeing to smaller amounts than what they could recover. Debt Recovery
Tribunals (DRTs) also observed that banks adopted different parameters for different
borrowers and agreed to a lesser amount as against the claimed amount, despite the
availability of ample securities and by ignoring RBI guidelines. Further, RBI told banks that
the officer or authority sanctioning the compromise settlements must append a certificate
stating that the settlements are in conformity with RBI guidelines.
Bharti Airtel to invest US $100mn in Zain Uganda
Bharti Airtel plans to invest up to US $100mn in Uganda over the next two years towards
network expansion, distribution, infrastructure and broadband extension. The company
recently concluded a US $9bn takeover of Zain’s Africa assets in 15 African countries. We
believe these initiatives to pay off in the long run and help the company gain a strong
subscriber market share. We maintain Buy on the stock with a Target Price of Rs360.
Economic and Political News
Yuan rises to the highest level against dollar in modern era
IT Dept may demand Rs8,500cr tax over transfer pricing
Karnataka clears 69 new investment proposals
To promote multiplexes in HP, government exempts entertainment tax for five years
Corporate News
National Textile Corporation eyes Rs750cr from Mumbai mill sell-off
Saudi Binladin Group makes 20% open offer for Maytas Infra
Jyothy Labs board okays raising Rs300cr via QIP
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
Events for the day
Steel Strips Wheels Dividend, Results
June 22, 2010 2
3. Market Outlook | India Research
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Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP000001546 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE:
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Angel Capital & Debt Market Ltd: INB 231279838 / NSE FNO: INF 231279838 / NSE Member code -12798 Angel Commodities Broking (P) Ltd: MCX Member ID: 12685 / FMC Regn No: MCX / TCM /
CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302
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