FIIs buy Rs 1,838 cr on Wed; Voltas shoots up 25%

FIIs buy Rs 1,838 cr on Wed; Voltas shoots up 25%
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FIIs buy Rs 1,838 cr on Wed; Voltas shoots up 25%
  • 
	SENSEX CLOSES ABOVE 18000, NIFTY ABOVE 5500

	
	>Benchmarks close above these psychological levels for first time since August 1, 2011
	>Global markets gain on hopes that Greek would take necessary steps to secure second bailout
	>January inflation falling to 6.55% from 7.47% raised hopes that RBI may cut rates
	>Inflow of foreign money continues in the February as well

	
	Let see how the day panned out...

    SENSEX CLOSES ABOVE 18000, NIFTY ABOVE 5500 >Benchmarks close above these psychological levels for first time since August 1, 2011 >Global markets gain on hopes that Greek would take necessary steps to secure second bailout >January inflation falling to 6.55% from 7.47% raised hopes that RBI may cut rates >Inflow of foreign money continues in the February as well Let see how the day panned out...

  • 
	ASIAN MARKETS RALLY 1-2%

	
	>Hopes that Greek would take the steps needed to secure its second bailout
	>EU Ministers disappointed with Greece efforts yesterday; € 325 mn in spending cuts still not identified
	>They wanted Greece to submit entire package with written undertakings
	>US markets recovered from day's low to end flat on Tuesday
	>US retail sales came in data better than expected; January sales ex autos and gas up 0.6% MoM as against -0.4% in December

    ASIAN MARKETS RALLY 1-2% >Hopes that Greek would take the steps needed to secure its second bailout >EU Ministers disappointed with Greece efforts yesterday; € 325 mn in spending cuts still not identified >They wanted Greece to submit entire package with written undertakings >US markets recovered from day's low to end flat on Tuesday >US retail sales came in data better than expected; January sales ex autos and gas up 0.6% MoM as against -0.4% in December

  • 
	SENSEX ABOVE 18000 ON GLOBAL CUES

	
	>Tata Motors up 6% on strong Q3 numbers; Auto Index up 3%
	>Realty, Capital Goods up 2%
	>Bank, Metal, Power, Pharma, Midcap indices up 1-1.7%
	>Voltas, Max India, Taj GVK, Suzlon, Lanco Infra gain 2-8%
	>Asian markets up 1-2% on likely clearance to Greek's € 130 billion bailout package

    SENSEX ABOVE 18000 ON GLOBAL CUES >Tata Motors up 6% on strong Q3 numbers; Auto Index up 3% >Realty, Capital Goods up 2% >Bank, Metal, Power, Pharma, Midcap indices up 1-1.7% >Voltas, Max India, Taj GVK, Suzlon, Lanco Infra gain 2-8% >Asian markets up 1-2% on likely clearance to Greek's € 130 billion bailout package

  • 
	AT 11:46 AM: NIFTY HITS 5500 FOR 1ST TIME SINCE AUG 1, 2011

	
	>BSE Auto, Capital Goods, Realty indices up 3-3.7%
	>Power, Bank, Metal up 2%; IT, Pharma up 1%
	>Midcap Index up 1.7%; Smallcap up 1.2%
	>Reliance down 1%; HUL down 0.3%
	>Asia: Hang Seng, Nikkei up 2%; Shanghai, Kospi, Taiwan, Straits Times up 0.7-1.5%

    AT 11:46 AM: NIFTY HITS 5500 FOR 1ST TIME SINCE AUG 1, 2011 >BSE Auto, Capital Goods, Realty indices up 3-3.7% >Power, Bank, Metal up 2%; IT, Pharma up 1% >Midcap Index up 1.7%; Smallcap up 1.2% >Reliance down 1%; HUL down 0.3% >Asia: Hang Seng, Nikkei up 2%; Shanghai, Kospi, Taiwan, Straits Times up 0.7-1.5%

  • 
	AT 2:26 AM: SENSEX GAINS 300 POINTS; NIFTY HOLDS 5500
	 
	 
	>Tata Motors, Axis Bank, JP Associates up 7-8%; DLF rises 5.5%
	>ICICI Bank, L&T, M&M, BHEL, Sterlite, Tata Power, Maruti up 3-4%
	>Infosys, HDFC Bank, Coal India, HDFC, SBI, TCS, ONGC, Hindalco gain 1.4-2%
	>Reliance falls 1.3%; HUL down 0.8%
	>European markets: CAC, DAX up 0.8-1%; FTSE flat

    AT 2:26 AM: SENSEX GAINS 300 POINTS; NIFTY HOLDS 5500     >Tata Motors, Axis Bank, JP Associates up 7-8%; DLF rises 5.5% >ICICI Bank, L&T, M&M, BHEL, Sterlite, Tata Power, Maruti up 3-4% >Infosys, HDFC Bank, Coal India, HDFC, SBI, TCS, ONGC, Hindalco gain 1.4-2% >Reliance falls 1.3%; HUL down 0.8% >European markets: CAC, DAX up 0.8-1%; FTSE flat

  • 
	TATA MOTORS SHOOTS UP 7%

	
	>Company reports better than expected consolidated numbers in Q3FY12 due to Jaguar Land Rover performance
	>Standalone performance continues to disappoint due to raw material pressures and higher marketing spends
	>Consolidated revenues up 44% to Rs 45,260 cr & PAT up 40% to Rs 3,405 cr YoY
	>Group global sales in January rise 21% to 1.19 lakh units; JLR sales up 44% at 29,293 units YoY

    TATA MOTORS SHOOTS UP 7% >Company reports better than expected consolidated numbers in Q3FY12 due to Jaguar Land Rover performance >Standalone performance continues to disappoint due to raw material pressures and higher marketing spends >Consolidated revenues up 44% to Rs 45,260 cr & PAT up 40% to Rs 3,405 cr YoY >Group global sales in January rise 21% to 1.19 lakh units; JLR sales up 44% at 29,293 units YoY

  • 
	POWER STOCKS CHARGE UP

	
	>Reliance Power, Adani Power up 13%; Tata Power, JSW Energy gain 6-7%
	>Coal India agreed to sign Fuel Supply Agreements (FSA) with private-sector power firms by March 31 to ensure sufficient supply of dry fuel, even if the coal miner has to import it.
	>However, the agreement will extend to those power units that would be ready by March 15

    POWER STOCKS CHARGE UP >Reliance Power, Adani Power up 13%; Tata Power, JSW Energy gain 6-7% >Coal India agreed to sign Fuel Supply Agreements (FSA) with private-sector power firms by March 31 to ensure sufficient supply of dry fuel, even if the coal miner has to import it. >However, the agreement will extend to those power units that would be ready by March 15

  • 
	STOCKS IN NEWS

	
	>Oil Ministry sources say RIL (stock ends down 1.4%) D6 output may fall to 27 mmscmd from April
	>Union Bank of India (up 1%) board will meet today to consider preferential issue
	>New York Life will exit Indian insurance JV, partner Max India (up 4.5%) will get 1/3rd proceeds – The Economic Times
	>JFE hikes stake in JSW Steel (up 5%) to 15% - Agencies
	>MCX IPO opens on February 22 & closes on February 24 (promoter Financial Technologies rises 1.6%)
	>Heavy Industries Minister Praful Patel says divestment in BHEL (up 4.5%) may happen in FY13

    STOCKS IN NEWS >Oil Ministry sources say RIL (stock ends down 1.4%) D6 output may fall to 27 mmscmd from April >Union Bank of India (up 1%) board will meet today to consider preferential issue >New York Life will exit Indian insurance JV, partner Max India (up 4.5%) will get 1/3rd proceeds – The Economic Times >JFE hikes stake in JSW Steel (up 5%) to 15% - Agencies >MCX IPO opens on February 22 & closes on February 24 (promoter Financial Technologies rises 1.6%) >Heavy Industries Minister Praful Patel says divestment in BHEL (up 4.5%) may happen in FY13

  • 
	BUZZING STOCKS

	
	>Escorts okays merger of 3 group companies with self
	>3i Infotech looks to exit non-profitable operations to up cash flow
	>Vakrangee Software board will meet on February 23 to mull bonus issue, stock split
	>Patel Engineering bags order worth Rs 234 cr from Bihar govt
	>Aptech signs agreement with Syntea and will invest $ 10 mn for 10% stake in Syntea
	>NIIT Tech bags Rs 300 cr contract from Indian Police for 3 states
	>Bids for Thomas Cook India are likely to open next week, PE players KKR, Actis, Bain Capital, Carlyle submit EoI: Sources
	>NMDC cuts January-March iron ore fines price by 20% and lumps by 3-5%: Sources

    BUZZING STOCKS >Escorts okays merger of 3 group companies with self >3i Infotech looks to exit non-profitable operations to up cash flow >Vakrangee Software board will meet on February 23 to mull bonus issue, stock split >Patel Engineering bags order worth Rs 234 cr from Bihar govt >Aptech signs agreement with Syntea and will invest $ 10 mn for 10% stake in Syntea >NIIT Tech bags Rs 300 cr contract from Indian Police for 3 states >Bids for Thomas Cook India are likely to open next week, PE players KKR, Actis, Bain Capital, Carlyle submit EoI: Sources >NMDC cuts January-March iron ore fines price by 20% and lumps by 3-5%: Sources

  • 
	VOLTAS UP 25% ON SHORT COVERING

	
	>Stock rises even after company posted loss of Rs 115 cr in Q3 due to significant upward revision in estimate project costs for one of the projects due to execution delays and design changes
	>Topline, margins above estimates
	>Total income up 12% to Rs 1165 cr; OPM at 7.50% (Estimated at 2.79%)
	>Electro-mechanical projects and services revenues up 19% at Rs 824 cr; EBIT up 37% at Rs 60 cr
	>Engineering products and services revenues down 39% at Rs 88 cr; EBIT down 38% at Rs 16 cr
	>Unitary cooling products revenues up 19% at Rs 234 cr; EBIT down 25% at Rs 14 cr

    VOLTAS UP 25% ON SHORT COVERING >Stock rises even after company posted loss of Rs 115 cr in Q3 due to significant upward revision in estimate project costs for one of the projects due to execution delays and design changes >Topline, margins above estimates >Total income up 12% to Rs 1165 cr; OPM at 7.50% (Estimated at 2.79%) >Electro-mechanical projects and services revenues up 19% at Rs 824 cr; EBIT up 37% at Rs 60 cr >Engineering products and services revenues down 39% at Rs 88 cr; EBIT down 38% at Rs 16 cr >Unitary cooling products revenues up 19% at Rs 234 cr; EBIT down 25% at Rs 14 cr

  • 
	SENSEX ENDS AT 3.5-MONTH HIGH

	
	>Realty Index up 5%. Capital Goods, Power, Bank, Auto, Metal up 3.3-4%
	>FIIs buy more than Rs 12,500 cr worth of shares in February (including today's provisional data - Rs 1,838 cr as per NSE website); they buy Rs 11,000 cr worth of shares in Jan
	>Hans Goetti of Finaport expects India to outperform other Asian markets for the year
	>"ECB showed the willingness to expand their balance sheet by almost unlimited amounts. That liquidity finds its way into asset markets and one of the beneficiaries are emerging markets, where returns are potentially the highest," he reasoned

    SENSEX ENDS AT 3.5-MONTH HIGH >Realty Index up 5%. Capital Goods, Power, Bank, Auto, Metal up 3.3-4% >FIIs buy more than Rs 12,500 cr worth of shares in February (including today's provisional data - Rs 1,838 cr as per NSE website); they buy Rs 11,000 cr worth of shares in Jan >Hans Goetti of Finaport expects India to outperform other Asian markets for the year >"ECB showed the willingness to expand their balance sheet by almost unlimited amounts. That liquidity finds its way into asset markets and one of the beneficiaries are emerging markets, where returns are potentially the highest," he reasoned

  • 
	SENSEX CLOSES ABOVE 18000, NIFTY ABOVE 5500

	
	>Benchmarks close above these psychological levels for first time since August 1, 2011
	>Global markets gain on hopes that Greek would take necessary steps to secure second bailout
	>January inflation falling to 6.55% from 7.47% raised hopes that RBI may cut rates
	>Inflow of foreign money continues in the February as well

	
	Let see how the day panned out...
  • 
	ASIAN MARKETS RALLY 1-2%

	
	>Hopes that Greek would take the steps needed to secure its second bailout
	>EU Ministers disappointed with Greece efforts yesterday; € 325 mn in spending cuts still not identified
	>They wanted Greece to submit entire package with written undertakings
	>US markets recovered from day's low to end flat on Tuesday
	>US retail sales came in data better than expected; January sales ex autos and gas up 0.6% MoM as against -0.4% in December
  • 
	SENSEX ABOVE 18000 ON GLOBAL CUES

	
	>Tata Motors up 6% on strong Q3 numbers; Auto Index up 3%
	>Realty, Capital Goods up 2%
	>Bank, Metal, Power, Pharma, Midcap indices up 1-1.7%
	>Voltas, Max India, Taj GVK, Suzlon, Lanco Infra gain 2-8%
	>Asian markets up 1-2% on likely clearance to Greek's € 130 billion bailout package
  • 
	AT 11:46 AM: NIFTY HITS 5500 FOR 1ST TIME SINCE AUG 1, 2011

	
	>BSE Auto, Capital Goods, Realty indices up 3-3.7%
	>Power, Bank, Metal up 2%; IT, Pharma up 1%
	>Midcap Index up 1.7%; Smallcap up 1.2%
	>Reliance down 1%; HUL down 0.3%
	>Asia: Hang Seng, Nikkei up 2%; Shanghai, Kospi, Taiwan, Straits Times up 0.7-1.5%
  • 
	AT 2:26 AM: SENSEX GAINS 300 POINTS; NIFTY HOLDS 5500
	 
	 
	>Tata Motors, Axis Bank, JP Associates up 7-8%; DLF rises 5.5%
	>ICICI Bank, L&T, M&M, BHEL, Sterlite, Tata Power, Maruti up 3-4%
	>Infosys, HDFC Bank, Coal India, HDFC, SBI, TCS, ONGC, Hindalco gain 1.4-2%
	>Reliance falls 1.3%; HUL down 0.8%
	>European markets: CAC, DAX up 0.8-1%; FTSE flat
  • 
	TATA MOTORS SHOOTS UP 7%

	
	>Company reports better than expected consolidated numbers in Q3FY12 due to Jaguar Land Rover performance
	>Standalone performance continues to disappoint due to raw material pressures and higher marketing spends
	>Consolidated revenues up 44% to Rs 45,260 cr & PAT up 40% to Rs 3,405 cr YoY
	>Group global sales in January rise 21% to 1.19 lakh units; JLR sales up 44% at 29,293 units YoY
  • 
	POWER STOCKS CHARGE UP

	
	>Reliance Power, Adani Power up 13%; Tata Power, JSW Energy gain 6-7%
	>Coal India agreed to sign Fuel Supply Agreements (FSA) with private-sector power firms by March 31 to ensure sufficient supply of dry fuel, even if the coal miner has to import it.
	>However, the agreement will extend to those power units that would be ready by March 15
  • 
	STOCKS IN NEWS

	
	>Oil Ministry sources say RIL (stock ends down 1.4%) D6 output may fall to 27 mmscmd from April
	>Union Bank of India (up 1%) board will meet today to consider preferential issue
	>New York Life will exit Indian insurance JV, partner Max India (up 4.5%) will get 1/3rd proceeds – The Economic Times
	>JFE hikes stake in JSW Steel (up 5%) to 15% - Agencies
	>MCX IPO opens on February 22 & closes on February 24 (promoter Financial Technologies rises 1.6%)
	>Heavy Industries Minister Praful Patel says divestment in BHEL (up 4.5%) may happen in FY13
  • 
	BUZZING STOCKS

	
	>Escorts okays merger of 3 group companies with self
	>3i Infotech looks to exit non-profitable operations to up cash flow
	>Vakrangee Software board will meet on February 23 to mull bonus issue, stock split
	>Patel Engineering bags order worth Rs 234 cr from Bihar govt
	>Aptech signs agreement with Syntea and will invest $ 10 mn for 10% stake in Syntea
	>NIIT Tech bags Rs 300 cr contract from Indian Police for 3 states
	>Bids for Thomas Cook India are likely to open next week, PE players KKR, Actis, Bain Capital, Carlyle submit EoI: Sources
	>NMDC cuts January-March iron ore fines price by 20% and lumps by 3-5%: Sources
  • 
	VOLTAS UP 25% ON SHORT COVERING

	
	>Stock rises even after company posted loss of Rs 115 cr in Q3 due to significant upward revision in estimate project costs for one of the projects due to execution delays and design changes
	>Topline, margins above estimates
	>Total income up 12% to Rs 1165 cr; OPM at 7.50% (Estimated at 2.79%)
	>Electro-mechanical projects and services revenues up 19% at Rs 824 cr; EBIT up 37% at Rs 60 cr
	>Engineering products and services revenues down 39% at Rs 88 cr; EBIT down 38% at Rs 16 cr
	>Unitary cooling products revenues up 19% at Rs 234 cr; EBIT down 25% at Rs 14 cr
  • 
	SENSEX ENDS AT 3.5-MONTH HIGH

	
	>Realty Index up 5%. Capital Goods, Power, Bank, Auto, Metal up 3.3-4%
	>FIIs buy more than Rs 12,500 cr worth of shares in February (including today's provisional data - Rs 1,838 cr as per NSE website); they buy Rs 11,000 cr worth of shares in Jan
	>Hans Goetti of Finaport expects India to outperform other Asian markets for the year
	>"ECB showed the willingness to expand their balance sheet by almost unlimited amounts. That liquidity finds its way into asset markets and one of the beneficiaries are emerging markets, where returns are potentially the highest," he reasoned

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