Current news & Rumours in the mkt

[praveen taneja]

Economic and Political Headline
• India's worryingly high inflation should ease as there are indications of a cooling in high food prices that have been driving it, Finance Minister said. (BS)
• South Africa's inflation rate fell in March to 5.1%, its lowest in almost four years, as a stronger rand and a bumper harvest helped to curb prices. Inflation slowed from 5.7% in February, reaching its lowest since July 2006, the Pretoria-based statistics office said. (Bloomberg)
• Federal Reserve officials restated their intention to keep the benchmark interest rate near zero for an "extended period" and saw signs of life in the job market. "The labor market is beginning to improve," the Federal Open Market Committee said in a statement, after last month saying it was "stabilizing." Officials also said growth in household spending has "picked up recently." (Bloomberg)

 

[praveen taneja]

LIC Housing Finance Eyes Banking Foray - LIC Housing Finance, a subsidiary of insurance major Life Insurance Corporation of India (LIC), is planning to foray into banking business. The development follows the Reserve Bank of India's (RBI) guidelines on issue of fresh licences for private sector companies. The home loan company has planned to go solo, even if its parent company, LIC, is not able to partner the venture. The company will also start operations of its real estate venture capital fund in the next six months.

 

[praveen taneja]

Results Today:



Andhra Bank,

Ashok Leyland,

BASF India,

Bata India,

Biocon,

Cadila,

Ceat,

CESC,

HCL Infosystems,

Hexaware,

Indiabulls Real Estate,

ING Vysya Bank,

IOB,

KEC International,

Mahindra Holidays,

MRF,

OBC,

Parsvnath Developers,

Shriram Transport,

Siemens,

Thomas Cook,

UltraTech,

UB Holding and

United Phosphorus.

 

[praveen taneja]

Results Today:

ABB,
Adani Power,
Allahabad Bank,
Alok Inds,
Bank of Maharashtra,
Gateway Distriparks,
GVK Power,
HCL Info,
HCC,
IDBI Bank,
IFCI,
India Cements,
IRB Infra,
Moser Baer,
NDTV,
Reliance Capital,
Sintex,
Tata Elxsi,
TTML,
Tech Mahindra,
Titan,
Uco Bank
and Vijaya Bank.

 

[vipin.kumar05]

Hi,

Where can i get this list of companies which would be announcing results in the coming months / weeks/ days?

Thanks in advance.

 

[prst]

Hi,

Where can i get this list of companies which would be announcing results in the coming months / weeks/ days?

Thanks in advance.

http://www.moneycontrol.com/mccode/markets/results/calendar.php

 

[praveen taneja]

FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 30-Apr-2010.



FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 30-Apr-2010 3469.23 3113.68 355.55



Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment


The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 30-Apr-2010.



DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 30-Apr-2010 1516.21 1298.6 217.61

 

[praveen taneja]

MUMBAI: A slump in the value of euro against the US dollar due to sovereign credit crisis in Greece led to a $600-million shave-off of India’s
foreign exchange reserves last week and the government borrowed from the Reserve Bank of India to meets its expenses.

The nation’s forex reserves dipped $613 million in the week ended April 23 due to revaluation of non-dollar assets. The reserves are at $279.5 billion. Foreign currency assets comprising dollars, British pounds and euro, among others, dipped $564 million during the week.

Special drawing rights, or SDRs — the reserve currency with the International Monetary Fund (IMF) — and the reserve capital with the IMF fell $38million and $11 million respectively.

The dip in foreign currency assets during the week is largely on account weakening of the euro against the dollar, said a treasury official at a public sector bank.

 

[praveen taneja]

Gold hit a 2010 high above $1,180 an ounce on Friday, gaining 1 per cent as a widening euro zone sovereign debt crisis prompted investors to buy the
metal asset in a flight to safety.

The precious metal has rallied almost 6 per cent in April, its biggest one-month rise since November, as credit ratings downgrades of Greece, Spain and Portugal unleashed a wave of risk aversion, channeling money into gold.

Michael Daly, gold specialist at futures broker PFGBest, said that gold tends to outperform other commodities in times of crisis, and the currency of choice is gold for investors who worry about the viability of fiat currencies.

"In the last few days, it has almost turned into panic-type buying. Every time you hit the wire, the European crisis worsens, and it's worsening day by day," he said.

"Gold is taking on legs of its own right now. It's a flight to safety."

Spot gold rose a high of $1,181.05 an ounce on Friday, the firmest since December 4. It was at $1,178.55 an ounce at 2:27 pm EDT (1827 GMT), against $1,166.10 late in New York on Thursday.

 

[praveen taneja]

US important data to watch from 3/5/2010 to 7/5/2010


Time (ET) report period


8:30 am Personal income& outlays March
8:30 am Consumer spending March
10:00 am ISM Manufacturing Index April
10:00 am Construction spending March
Tuesday, May 4
---- Motor vehicle sales April
10:00 am Factory orders March
10:00 am Pending home sales March
Wednesday, May 5
8:15 am ADP employment April
10:00 am ISM Non-manufacturing Index April
10:30 am EIA Petroleum Status Report
Thursday, may 6
8:30 am Jobless claims 5/1
8:30 am Productivity & Costs 1Q
9:30 am Speech of Ben Bernanke
10:30 am EIA Natural gas Report
Friday, may 7
8:30 am Nonfarm payrolls April
8:30 am Unemployment rate April
9:45 am Average hourly earnings April
3:00 pm Consumer credit March