Daily Market Roundup 12 March 2013

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    Daily Market Roundup12 March 2013IndicesIndia Mar 11 1D% Change 1M% Change 3M% ChangeS&P BSE Sensex 19646 -0.19 0.95 1.34CNX Nifty 5942 -0.06 0.75 0.74

    Global Mar 11 1D% Change 1M% Change 3M% ChangeDJIA 14447 0.35 3.41 9.05Nasdaq 3253 0.26 1.91 7.63Hang Seng 23091 0.00 -0.54 3.44Debt Market IndicatorsCall Rate 7.85%10 Yr Gilt 7.84%3-mth CP rate 9.86%5 yr Corp Bond 8.85%G-sec Volume (Rs Cr) 16005Currencies Vs INRMar 11 Mar 8USD 54.40 54.28GBP 81.09 81.57Euro 70.61 71.24100 Yen 56.52 57.06Commodity Prices Mar 111W%Change1M%Change

    1Y%ChangeNYMEX Crude Oil ($/bbl) 92.06 2.15 -5.12 -14.28Gold (Rs /10 gm)# 29308 -0.92 -3.65 5.57# NCDEX spot pricesNew Fund OffersScheme Open Date Close DateDebt FundsDSP-BR FMP- Sr-89 (12M) (G) 8-March-13 14-March-13ICICI Pru IF Sr 6-AIP-D (G) 7-March-13 14-March-13Equity Funds

    HDFC RGESS -Sr 1-Feb-13 (G) 18-Feb-2013 15-March-13R*Shares CNX 100 Fund 19-Feb-2013 15-March-13Mutual Funds Dividends DeclaredScheme Record Date Dividend (%)Reliance FHF XXII Series 12 12-March-13 EDSKotak Q Interval Series 1 13-March-13 EDS* EDS Entire Distributable SurplusNiftyTop Out performers % Change Top Under performers % ChangeSiemens 5.52 Hero Motocorp -2.62DLF 2.97 IDFC -1.53

    Tata Power 2.38 BPCL -1.37Rs. Cr FII Inv (Equity) Mar 8 MF Inv (Equity) Mar 8Buy 3443 NASell 2076 NANet 1367 NA

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    FII Derivative Trade Statistics Mar 8(Rs cr) Buy Sell Open InterestIndex Futures 2180.14 1611.18 9901.33Index Options 15460.64 15249.30 47546.47Stock Futures 1563.46 1068.29 25595.34Stock Options 1066.78 1234.95 3105.23Indian Equity Domestic equity benchmarks ended slightly lower on Monday on the back of profit booking amid

    weak European cues. Key European markets declined after Fitch Ratings downgraded Italy's credit rating to BBB+ fromA- and ondisappointing inflation and industrial production data from China. Sectors such as IT, metal and oil and gas were laggards while real estate, power and pharmagained the most. Profit booking weighed on IT shares with Infosys, Wipro and TCS losing 0.82%, 1.3% and 1.7%,respectively. Metal shares ended in red following disappointing Chinese economic data with Jindal Steeldropping 1.1%. Auto sector was hit by weak February sales data Bajaj Auto, Hero MotoCorp (the top Nifty loser),

    Tata Motors, EicherMotors and Ashok Leyland, falling 0.74-2.62%. Meanwhile, shares of L&T, Ranbaxy and Siemens (the top Nifty gainer) were among the gainers,advancing 0.8-5.5%.Indian Debt Domestic call money rate ended higher at 7.80-7.85% on Monday as against 7.65-7.70% onFriday as demand for fundswas strong at the beginning of the new Reporting Fortnight. Government bond prices ended steady on Monday after a lackluster session due to caution aheadof data releases onindustrial production and inflation, which are seen as crucial inputs for the RBIs interest ratedecision this month. The 10 year benchmark 8.15%, 2022 bond ended flat at 7.84% yield on Monday. Bonds spent most of the session in the negative territory as RBI Governors remarks post markethours on Friday raisedconcern that the central bank might refrain from lowering rates at its mid-quarter policy review onMar 19. The RBI Governor said the central bank does not accept high inflation as the new normal,notwithstanding the rise ininflation over the past three years. However, the gilts recouped most of their intraday losses as data released showed India's trade

    deficit shrinking to aneight-month low in February, which improved the outlook on the external position. Bond prices also gained some support from expectations of open market operations by the RBI,as liquidity showedsigns of strain ahead of the corporate advance tax payment due later this week.Global Indices Straits Times index closed marginally higher on Monday as investors grew cautious over weakChinese economic data. Nikkei index rose on Monday on tracking gains on the Wall Street, and as the yen continued toweaken on hopes forpolicy easing measures.

    Hang Seng index closed flat on Monday as weak Chinese economic data offset positivity on theback of strong US jobsdata. FTSE index posted modest gains on Monday as earlier losses on the back of weak Chinese datawere recovered by

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    gains in shares of Vodafone Group PLC and SAB Miller PLC. Dow Jones ended higher on Monday reaching a new high on stock specific buying.Capital Market RBI says Indian companies invested $1.65bn abroad in February, down 49% from the previousmonth. BSE says it will shift 20 scrips to the restricted trading category with effect from March 15 toensure market safety. BSE launches a beta version of its online member surveillance system e-Boss.

    A consortium of 25 banks led by United Bank of India decides to sell some properties belongingto MagnificentConstruction Pvt Ltd, Zoom Developers Pvt Ltd, Zoom Softech Pvt Ltd and Brilliant Infrastructure PvtLtd owing to thefailure of these companies to repay dues. GVK Coal Infrastructure (Singapore) Pte Ltd signs an agreement with Australia's Aurizon to sell51% in its arm, HancockCoal Infrastructure Pty Ltd, to jointly develop the rail and port infrastructure in Galilee Basin. SREI Infrastructure Finance seeks SEBIs nod to raise up to Rs.150cr through issue of non-convertible debentures.Regulatory

    SEBI notifies new guidelines for 'associated persons' working as compliance officers of marketintermediaries such asbrokers and credit rating agencies, making it compulsory for them to get requisite certifications tooperate in the stockmarkets. DoT seeks the defence ministrys approval to classify select telecom products as securitysensitive in the run-up tomandating 100% domestic sourcing for private sector gear procurements. According to IRDA guidelines, independent rating agencies will now be allowed to evaluate unit-linked insuranceproducts to help policyholders better assess and compare insurance products. IRDA asks life insurers to disclose the reduction in yield on a monthly basis to customers of unitlinked products.Economy Indias exports grew 4.3% on year to $26.26 bn in February, while imports rose 2.6% to $41.18 bn,resulting in tradedeficit of $14.92 bn in February; the trade deficit was $14.93 bn in February last year and $20bn amonth ago. World Bank says the Indian economy will soon return to high growth path of 6% next year andmore thereafter. United Nations Conference on Trade and Development (UNCTAD) says the Indian governments

    move to amend theIncome Tax Act, 1961, with retrospective effect announced last year has shaken investorsconfidence in the country.International OECD areas composite leading indicator increased to 100.4 in January from 100.3 inDecember. European Central Banks Vice-President says that lower interest rates are not being passed onfully by banks in somecountries. A Bank of Japan board member says that that Japan can achieve the 2% inflation target, if thebank proceeds with

    powerful monetary easing along with measures to boost the economy's growth potential. Japans Tertiary index fell 1.1% in January, compared with a 1.1% gain in December.Mutual Funds DSP BlackRock MF launches the new fund offer of DSPBR FMP Series 90 12M; the NFO will beopen for subscription

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    from March 14, 2013 to March 19, 2013.Source: CRISILDisclaimer: The information contained in this report has been obtained from sources considered tobe authentic and reliable. However, IDBI is not responsible for any error or inaccuracy or for anylosses suffered on account of information contained in this report.IDBI does not solicit any action and is not liable for any investment decisions if made on the basisof this report.CRISIL Research, a Division of CRISIL Limited has taken due care and caution in preparing this

    Report. Information has been obtained by CRISIL from sources which it considers reliable.However, CRISIL does not guarantee the accuracy, adequacy or completenessof any information and is not responsible for any errors or omissions or for the results obtained fromthe use of such information. CRISIL is not liable for investment decisions which may be based onthe views expressed in this Report. CRISIL especially states that ithas no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of thisReport. CRISIL Research operates independently of, and does not have access to informationobtained by CRISILs Ratings Division, which may, in its regular operations,obtain information of a confidential nature which is not available to CRISIL Research. No part of thisReport may be published / reproduced in any form without CRISILs prior written approval.