It was a spectacular pullback rally for the Indian equity benchmarks on Wednesday, recouped entire losses shed in previous four sessions as well as today's initial sell-off. For more
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15 April 2011
IT Index Down by 5%
The equity benchmark indices were bleeding in red on poor guidance from IT bellwether Infosys for FY12. BSE IT index was down 5%. Power, capital goods, oil & gas, realty and metals were down 1% each.
At 09.36 hrs IST, the Sensex was down 184.02 points or 0.93% at 19512.84, and the Nifty was down 59.65 points or 1.01% at 5851.85. About 848 shares advanced, 954 shares declined, and 1828 shares remain unchanged.
Hero Honda, Hindalco, Bharti Airtel, HDFC and ITC were up 0.2-2%. On the losing side, Infosys was down close to 7%. Wipro was down 4%. TCS, ONGC and NTPC shed 1-2%. Read more>>
At 09.36 hrs IST, the Sensex was down 184.02 points or 0.93% at 19512.84, and the Nifty was down 59.65 points or 1.01% at 5851.85. About 848 shares advanced, 954 shares declined, and 1828 shares remain unchanged.
Hero Honda, Hindalco, Bharti Airtel, HDFC and ITC were up 0.2-2%. On the losing side, Infosys was down close to 7%. Wipro was down 4%. TCS, ONGC and NTPC shed 1-2%. Read more>>
13 April 2011
Positive Asian cues
Indian equity benchmarks were strong in trade after witnessing a consolidation in previous four days with a negative bias. About 40 stocks out of 50 on the Nifty were in green - technology ahead of Infosys earnings tomorrow, financial, auto, capital goods, FMCG and power sectors led the 50-share NSE Nifty to 5850 level at 11:40 hours.
Asian markets too recovered - Nikkei, Straits Times and Kospi were up 1-1.5%. Hang Seng and Taiwan went up over 0.5%. Shanghai rose 0.35%.
Fourth quarter earnings season is set to kick off tomorrow with IT bellwether Infosys. Infosys is expected to report a fourth quarter profit after tax (PAT) of Rs 1856 crore, a growth of 4.2% over Rs 1779.8 crore in previous quarter, according to CNBC-TV18 estimates. Infosys, HCL Tech and Wipro gained more than 1%; TCS jumped over 2%. For more Read the full story
Asian markets too recovered - Nikkei, Straits Times and Kospi were up 1-1.5%. Hang Seng and Taiwan went up over 0.5%. Shanghai rose 0.35%.
Fourth quarter earnings season is set to kick off tomorrow with IT bellwether Infosys. Infosys is expected to report a fourth quarter profit after tax (PAT) of Rs 1856 crore, a growth of 4.2% over Rs 1779.8 crore in previous quarter, according to CNBC-TV18 estimates. Infosys, HCL Tech and Wipro gained more than 1%; TCS jumped over 2%. For more Read the full story
Oil may climb to $200/bbl
2011 wasn’t a good beginning for the Indian market after many investors shunned it citing problems coming off, not only from sensitive issues like inflation and rising oil prices but also various scams blowing up in the face of the government. Read more
12 April 2011
Mop up Rs 12k crore since Mar 22 Foreign Investors
Foreign funds net sold Rs 691 crore of shares on April 11, dragging benchmark indices down by around 1%. This is the first time in 15 sessions, that foreign investors have been net sellers, after having mopped up nearly Rs 12,000 crore of shares since March 22. For calendar 2011 till date, they have net bought close to Rs 3300 crore of shares.
FII flows to emerging markets have turned positive again and it will be critical to see how they pan out going forward. “There are too many pulls and pressures on the indices. I will be very happy if the market doesn’t correct and goes bellow 5700”.
Despite yesterday's sell-off, Indian equity benchmarks outperformed their global peers - the 50-share NSE Nifty and 30-share BSE Sensex gained nearly 8% each while the global markets gained 2-7%.
The market has rallied 10% over the last few sessions despite seeing multiple concerns over Middle East tensions, high commodity and oil prices and rising inflation.
Geo-political tensions in Middle East and North Africa pushed the Brent crude higher upto USD 126.5 a barrel, but that did not stall the rally in equities.
“Oil is at USD 124-125 per barrel and that’s definitely not good for the Indian economy. It brings in some amount of inflation into the economy. The government spending has to start soon to help push the economy ahead.”
Investors to be more cautious as he strongly feels that crude rates will reach another peak post assembly elections and hurt the market sentiment further.
| Date | FIIs Purchase/Sales |
| 22-Mar-11 | 313.3 |
| 23-Mar-11 | 393.2 |
| 24-Mar-11 | 345.5 |
| 25-Mar-11 | 1,517.90 |
| 28-Mar-11 | 481.7 |
| 29-Mar-11 | 1,500.40 |
| 30-Mar-11 | 1,043.40 |
| 31-Mar-11 | N.A. |
| 4-Apr-11 | 4,087.30 |
| 5-Apr-11 | 1,562.70 |
| 6-Apr-11 | 716.2 |
| 7-Apr-11 | 383.3 |
| 8-Apr-11 | 356.9 |
| 11-Apr-11 | *(691.22) |
| * Provisional figure | |
Despite yesterday's sell-off, Indian equity benchmarks outperformed their global peers - the 50-share NSE Nifty and 30-share BSE Sensex gained nearly 8% each while the global markets gained 2-7%.
The market has rallied 10% over the last few sessions despite seeing multiple concerns over Middle East tensions, high commodity and oil prices and rising inflation.
Geo-political tensions in Middle East and North Africa pushed the Brent crude higher upto USD 126.5 a barrel, but that did not stall the rally in equities.
“Oil is at USD 124-125 per barrel and that’s definitely not good for the Indian economy. It brings in some amount of inflation into the economy. The government spending has to start soon to help push the economy ahead.”
Investors to be more cautious as he strongly feels that crude rates will reach another peak post assembly elections and hurt the market sentiment further.
| Indian Indices | 11-Apr-11 | % Change |
| BSE REALTY | 2402.15 | 18.08 |
| BSE-SMALLCAP | 8709.91 | 12.02 |
| BSE CAPITAL GOODS | 13594.91 | 10.24 |
| BSE IT | 6545.1 | 9.89 |
| BSE-MIDCAP | 7123.57 | 9.72 |
| BSE Auto | 9194.67 | 8.66 |
| BSE POWER | 2751.35 | 8.41 |
| BSE BANKEX | 13203.77 | 8.32 |
| BSE SENSEX | 19262.54 | 7.98 |
| S&P CNX NIFTY | 5785.7 | 7.85 |
| BSE FMCG | 3637.98 | 7.12 |
| BSE Metal | 16310.73 | 6.78 |
| BSE HEALTHCARE | 6126.23 | 5.71 |
| BSE Oil & Gas | 9928.18 | 2.61 |
| Global Indices | ||
| Hang Seng | 24303.07 | 7.13 |
| Nikkei | 9719.7 | 5.57 |
| FTSE | 6053.44 | 4.62 |
| | 3022.75 | 3.91 |
| CAC | 4038.7 | 3.44 |
| 12381.11 | 2.86 | |
| S&P 500 | 1324.46 | 2.01 |
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