Indian Share Market Tips

The markets traded in the positive territory throughout the day backed by fresh buying interest in the broader markets. The Sensex opened with a positive gap of 70-odd points at 15,574, and soon touched a high of 18,590. Nervousness in early trades saw the index slip to a low of 18,509 - up three-odd points from the previous close.

The index, thereafter, bounced back and exhibited range-bound movement for the rest of the trading day. The Sensex finally ended with a gain of 30 points at 18,537.

The NSE Nifty added nine points at 5,636.

The broader markets out-performed the benchmark indices with quite-a-big margin. The BSE Midcap and the Smallcap indices were up around a per cent each at 6,663 and 7,117, respectively.

Among sectors, the BSE IT, Consumer Durables and Metal indices moved up over a per cent each at 5,805, 7,567 and 9,897, respectively. The PSU index was down 0.5 per cent at 6,965.

The market breadth was fairly positive - out of 2,948 stocks traded on the BSE, 1,577 advanced and 1,223 declined today.

INDEX MOVERS & SHAKERS

Wipro jumped 2.5 per cent to Rs 376. Sterlite and Bharti Airtel also spurted over 2 per cent each to Rs 98.50 and Rs 312, respectively.

Tata Steel also gained 2 per cent at Rs 372. Infosys advanced 1.7 per cent to Rs 2,417.

Hindalco, Dr.Reddy's and Hindustan Unilever moved up over 1.5 per cent each to Rs 110, Rs 1,768 and Rs 537, respectively.

Mahindra & Mahindra shed nearly 3.5 per cent at Rs 922. Sun Pharma and BHEL slipped around 1.5 per cent each to Rs 693 and Rs 222, respectively.

HDFC Bank was down a per cent at Rs 662.

VALUE & VOLUME TOPPERS

Jet Airways topped the value chart with a turnover of Rs 219.35 crore on the BSE. It was followed by SpiceJet (Rs 171.20 crore), United Spirits (Rs 153.80 crore), ICICI Bank (Rs 87.87 crore) and SBI (Rs 57.74 crore).

SpiceJet led the volume chart with trades of around 3.9 million shares followed by Reliance Communications (6.4 million), Kingfisher Airlines (6.3 million), Lanco Infratech (5.7 million) and TV18 Broadcast (5.2 million).

Indian Share Market Tips

The MCX Silver futures broke above Rs 61000 per kg levels today as a good amount of fresh buying helped the metal amid mostly positive movement in global risky assets. The US dollar slipped as US Congressional leaders met with President Barack Obama on Friday and said they would work to find common ground on taxes and spending. This boosted hopes that the world's largest economy would be successfully able to combat with the looming "fiscal cliff". Gains in other industrial commodities like Copper and Crude oil also boosted the metal. COMEX Silver futures are trading at $32.60, up 2.3 cents or 0.73% on the day.

Silver futures extended a downward run from its highs near $35 per ounce achieved in the first week of October 2012. LME Copper tested its two-month lows and kept Silver in tight ranges. Silver is linked directly to industrial activity and safe haven demand and a drop in copper is normally supposed to have a negative influence on the white metal. The commodity tested its two-month lows near $30 per ounce and closed at $32.37, up nearly 5% on the fortnight. The prices have been locked in a broad range of $30-35 per ounce over last few days and a break on the either side is needed for further direction.

Precious metals consultancy GFMS estimates that industrial demand for silver fell 6% in 2012, driven by weak economic growth in developed countries. Manufacturers continued to find ways to substitute cheaper raw materials in place of silver. Meanwhile, consumers have cut purchases of silverware and shifted away from costly precious metals in their jewelry purchases. The trend was partially offset by rising sales in emerging markets, particularly China, GFMS said. While the industrial demand dropped, silver mine supply rose for the 10th consecutive year in 2012, and is expected to total 797.0 million ounces, up 4.3% from 763.8 million ounces in 2011, according to the consultancy.

The white metal had neared $32.30 per ounce levels earlier in the session but edged up quite impressively thereafter, adding one full dollar during the day. The Asian equities added good gains following a near 1.5% surge in Japanese stocks while the European stocks are also up by nearly 1%. MCX Silver futures are trading at Rs 61038, up Rs 168 or 0.26% on the day. The open interest in the counter is up nearly 4% - indicating fresh buying.

M&M slips after consolidated Q2 results

Mahindra and Mahindra fell 0.38% to Rs 913.60 at 14:03 IST on BSE as consolidated group profit rose 17.1% to Rs 798.70 crore on 17.7% increase in the gross revenue and other income to Rs 17973.40 crore in Q2 September 2012 over Q2 September 2011.

The announcement was made during trading hours today, 8 November 2012.

Meanwhile, the BSE Sensex was down 59.41 points, or 0.31%, to 18,843.

On BSE, 59,000 shares were traded in the counter as against an average daily volume of 1.86 lakh shares in the past two weeks.

The stock hit a high of Rs 923.05 and a low of Rs 910 so far during the day. The stock had hit a 52-week high of Rs 926 on 7 November 2012. The stock had hit a 52-week low of Rs 621.75 on 18 May 2012.

In Q2 September 2012, some of the major group companies like Mahindra Finance, Mahindra Satyam and Mahindra Holidays significantly improved their performance over Q2 September 2012. Mahindra Finance grew its consolidated revenue by 46% and its profit by 42%, Mahindra satyam's consolidated revenue grew by 23% with a 17% increase in its profits and Mahlndra Holidays operating revenue grew by 11% with a profit growth of 12%.

In view of the disposal of shares by a joint venture partner, Tech Mahindra became an associate of the company with effect from 1 September 2012 and its Gross Revenue and Other Income have been included in this consolidation only upto 31 August 2012. Hence the Consolidated Revenue for the current quarter and half year are not strictly comparable with that of the corresponding periods In the previous year.

As on 30 September 2012, the group comprised of 118 subsidiaries, 5 joint ventures and 12 associates.

Mahindra and Mahindra (M&M) during trading hours on 1 November 2012 said its total auto sales jumped 29% to a record 53,438 in October 2012 over October 2011. M&M's total passenger vehicles jumped 44% to a record 26,932 units in October 2012 over October 2011.

The company's domestic auto sales jumped 30% to 51,316 units during October 2012 over October 2011. The 4 wheeler commercial segment which includes the passenger and load categories registered a growth of 26% at 16,561 units in October 2012 over October 2011. Exports declined 1% to 2,122 units.

M&M said that the production of XUV500 has been increased to 5,000 units per month starting October 2012, which will help in reducing the waiting period for one of the flagship products of the company.

M&M on 1 November 2012 said its farm equipment sector (FES) maintained its leadership position in the tractor industry in October 2012. Domestic tractor sales declined 5.39% to 28,872 units in October 2012 over October 2011. The company's total tractors sales including exports declined 7.13% to 29,565 units in October 2012 over October 2011. Exports for the month of October 2012 stood at 693 units.

The combined net profit of M&M and its 100% subsidiary -- Mahindra Vehicle Manufacturers (MVML) -- jumped 28.4% to Rs 978.10 crore on 31% growth in gross revenue plus other income to Rs 10786.70 crore in Q2 September 2012 over Q2 September 2011. MVML, located at Chakan near Pune in Maharashtra, has been set up as a 100% subsidiary of M&M with a view to source contemporary products for expanding the market offering of M&M.

The Mahindra Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.

Indian Share Market Tips

Indian Share Market Tips :-

IT major Infosys rose ahead of its Q2 September 2012 earnings tomorrow, 12 October 2012. Realty major DLF rose on bargain hunting after recent steep slide. Unitech galloped over 17% on massive volumes after the realty major said it has reached an agreement with Telenor to amicably settle all disputes with Telenor. Bank stocks edged higher in volatile trade. Suzlon Energy dropped on high volume as the company failed to get a four-month extension of the maturity dates of the two series of Foreign Convertible Currency Bonds (FCCBs) due in October 2012.

FMCG stocks rose on favourable outlook for Rabi or winter crop following wide-spread rains in August and September, with FMCG giant Hindustan Lever hitting record high. Tata Global Beverages scaled record high. Capital goods pivotals were in demand. Metal stocks edged higher as metal prices rose on the London Metal Exchange.

Key benchmark indices reversed initial gains on weak Asian stocks. The Sensex alternately swung between positive and negative zone in morning trade. Key benchmark indices hovered in red in mid-morning trade as weakness in Asian shares dampened investor sentiment. Key benchmark indices remained in negative zone in early afternoon trade. The Sensex reversed intraday losses in afternoon trade as European stocks edged higher in early trade there. The market surged in mid-afternoon trade. The market extended gains in late trade.

Provisional data showing that foreign institutional investors (FIIs) remained buyers of Indian stocks on Wednesday, 10 October 2012, boosted sentiment. Foreign institutional investors (FIIs) bought shares worth a net Rs 407.60 crore on Wednesday, 10 October 2012, as per provisional data from the stock exchanges.

As per provisional closing, the BSE Sensex was up 198.97 points or 1.07% to 18,830.07. The index jumped 216.71 points at the day's high of 18,847.81 in late trade, its highest level since 9 October 2012. The index lost 49.61 points at the day's low of 18,581.49 in morning trade, its lowest level since 27 September 2012.

The S&P CNX Nifty was up 55.90 points or 0.99% to 5,708.05. The index hit a high of 5,721.10 in intraday trade, its highest level since 9 October 2012. The index hit a low of 5,636.95 in intraday trade, its lowest level since 5 October 2012.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1,693 shares rose and 1,202 shares fell. A total of 139 shares were unchanged.

The total turnover on BSE amounted to Rs 2463 crore, higher than Rs 2054 crore on Wednesday, 10 October 2012.

From the 30-share Sensex pack, 26 stocks rose while only four of them fell.

Index heavyweight Reliance Industries (RIL) rose 0.53% to Rs 820.50. The scrip hit a high of Rs 821.80 and low of Rs 809.05 so far during the day. RIL last week signed a 15 year heavy crude oil supply contract and a memorandum of understanding with Venezuelan state-run oil company Petroleos de Venezuela SA (PDVSA) for further development of Venezuelan heavy oil fields. PDVSA will supply between 300,000 to 400,000 barrels per day of Venezuelan heavy crude oil to RIL's two refineries in Jamnagar under a 15 year crude oil supply contract. As per the MoU with PDVSA, RIL is to explore upstream options for joint participation in heavy oil projects of the Orinoco Oil Belt. RIL will also co-operate with Petroleos by providing technical assistance in areas of offshore upstream, refining and other downstream projects.

Meanwhile, RIL has purchased 3.9 crore shares and spent Rs 2794.73 crore (excluding brokerage, service tax, Securities Transaction Tax, Stamp Duty, Exchange Transaction Charges and Sebi fees) till 18 September 2012 under the company's ongoing share buyback program. RIL has set maximum buyback price of Rs 870 per share. The company has set aside Rs 10440 crore for share buyback. The buyback program opened on 1 February 2012 and closes on 19 January 2013. RIL chairman Mukesh Ambani said at the company's Annual General Meeting in June 2012 that the company's buyback program represents a highly accretive use of cash by the company and it will supplement earnings growth from operations, for higher EPS (earnings per share), in the near future.

FMCG stocks rose on favourable outlook for Rabi or winter crop following wide-spread rains in August and September. FMCG firms derive substantial revenue from rural India. Winter crops will gain from high soil moisture and brimming water reservoirs.

India's largest FMCG company by sales Hindustan Unilever (HUL) rose 0.7% to Rs 568.25. The stock hit record high of Rs 571.50 in intraday trade today, 11 October 2012.

Tata Global Beverages rose 2.47% to Rs 160 after striking a record high of Rs 161.25 in intraday trade today, 11 October 2012. Tata Starbucks -- an equal joint venture between Tata Global Beverages and Starbucks Coffee Company -- on 27 September 2012 confirmed that the first store in India will open in Mumbai by the end of October 2012. The store will also be the first Starbucks location to feature espresso sourced and roasted locally from India through the coffee sourcing and roasting agreement with Tata Coffee, Tata Global Beverages said at that time. Tata Starbucks will own and operate Starbucks cafés in India.

Index heavyweight and cigarette maker ITC rose 1.02% to Rs 283.35 after scaling a record high of Rs 283.90 in intraday trade today, 11 October 2012. The stock came off the day's low of Rs 276.35.

IT major Infosys gained 0.84% ahead of its Q2 September 2012 earnings tomorrow, 12 October 2012.

Realty major DLF gained 3.76%. The stock had witnessed sharp recent slide recently. India Against Corruption (IAC) activist-turned-politician Arvind Kejriwal on Tuesday, 9 October 2012, renewed his attack on DLF stating that DLF had received large favours from the Congress-ruled Haryana state government over the past few years and added that the company's business links with Congress chief Sonia Gandhi's son-in-law Robert Vadra were responsible for the favourable treatment. DLF immediately issued a statement saying that the company has neither sought nor enjoyed any special favours from the state government of Haryana and all property developments of DLF undertaken over the last four decades are strictly in compliance with all applicable laws, rules and regulations with an adherence to the highest ethical standards.