Market takes 2G verdict in its stride; see why Bharti, Idea rally

Market takes 2G verdict in its stride; see why Bharti, Idea rally
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Market takes 2G verdict in its stride; see why Bharti, Idea rally
  • 
	NIFTY STAYS ABOVE 5250 DESPITE 2G VERDICT

	
	>Market managed to claw back after the initial knee-jerk reaction to the SC verdict on the 2G case
	>Global markets gain on better than expected manufacturing data of US & UK
	>Real beneficiaries of 2G case verdict are Bharti, Idea
	>Capital Goods, Metals, Technology, Private Banks stocks support

	
	Let see how the day panned out...

    NIFTY STAYS ABOVE 5250 DESPITE 2G VERDICT >Market managed to claw back after the initial knee-jerk reaction to the SC verdict on the 2G case >Global markets gain on better than expected manufacturing data of US & UK >Real beneficiaries of 2G case verdict are Bharti, Idea >Capital Goods, Metals, Technology, Private Banks stocks support Let see how the day panned out...

  • 
	US MARKETS RALLY ON MANUFACTURING DATA ON WED

	
	>US manufacturing (ISM) grows at fastest pace in 7 months at 54.1 Vs 53.1 MoM on new order inflow
	>ISM’s new orders index up at 57.6 Vs 54.8 MoM; export orders up
	>US construction spending up 1.5% in Dec Vs consensus of 0.5% growth
	>Auto sales beat estimates; Chrysler reports 44% MoM growth
	>ADP employment report shows private payrolls up 170K MoM
	>Facebook files for IPO valuing company at almost USD 100 bn
	>Germany sees output improve MoM for 1st time since Sept
	>UK manufacturing returns to growth in Jan after shrinking in previous 3 months; at 52.1 Vs 59.7 MoM

    US MARKETS RALLY ON MANUFACTURING DATA ON WED >US manufacturing (ISM) grows at fastest pace in 7 months at 54.1 Vs 53.1 MoM on new order inflow >ISM’s new orders index up at 57.6 Vs 54.8 MoM; export orders up >US construction spending up 1.5% in Dec Vs consensus of 0.5% growth >Auto sales beat estimates; Chrysler reports 44% MoM growth >ADP employment report shows private payrolls up 170K MoM >Facebook files for IPO valuing company at almost USD 100 bn >Germany sees output improve MoM for 1st time since Sept >UK manufacturing returns to growth in Jan after shrinking in previous 3 months; at 52.1 Vs 59.7 MoM

  • 
	ASIAN STOCKS RISE ON THUR AS GLOBAL GROWTH CONCERNS EASE

	
	 
	SGX NIFTY UP 18 POINTS, POINTING TO A POSITIVE OPENING 

    ASIAN STOCKS RISE ON THUR AS GLOBAL GROWTH CONCERNS EASE   SGX NIFTY UP 18 POINTS, POINTING TO A POSITIVE OPENING 

  • 
	SENSEX UP OVER 150 POINTS ON STRONG GLOBAL CUES

	
	>BSE Capital Goods, Power, Metal, IT, PSU, Bank, TECk up 1-1.6%
	>Realty, Auto, Pharma up 0.6-0.9%
	>Cipla, ITC, Bharti down 0.2-0.9%
	>BSE Midcap, Smallcap indices up 1%
	>Hexaware, Mahindra Satyam on strong quarterly performance
	>Dena Bank, SKS Microfinance, ITC shoot up 4-10%
	>Asian markets gain 0.4-1.4% 

    SENSEX UP OVER 150 POINTS ON STRONG GLOBAL CUES >BSE Capital Goods, Power, Metal, IT, PSU, Bank, TECk up 1-1.6% >Realty, Auto, Pharma up 0.6-0.9% >Cipla, ITC, Bharti down 0.2-0.9% >BSE Midcap, Smallcap indices up 1% >Hexaware, Mahindra Satyam on strong quarterly performance >Dena Bank, SKS Microfinance, ITC shoot up 4-10% >Asian markets gain 0.4-1.4% 

  • 
	SC CANCELS 122 2G LICENSES ISSUED AFTER JAN 2008

	
	>Licenses of 11 telecom companies cancelled by Supreme Court
	>Uninor - 22; Loop - 21; Sistema Shyam - 21; Tata Tele - 3; Etisalat DB - 15; S Tel - 6; Videocon - 21; Idea - 9; Spice (Idea) - 4
	>Reliance Comm down 3.5%, Tata Tele down 3%, Unitech down 7%, Videocon Industries down 0.9%
	>SC says, all spectrum issues on or post Jan 2008 to be cancelled
	>Bharti (up 7%), Idea (up 3%) biggest beneficiaries of this move as they may get more spectrum
	>SC dismisses petition to probe PC Chidambram's role
	>SBI recovers (down 3.5% in intraday) to end down 0.2% after management clarifications 

    SC CANCELS 122 2G LICENSES ISSUED AFTER JAN 2008 >Licenses of 11 telecom companies cancelled by Supreme Court >Uninor - 22; Loop - 21; Sistema Shyam - 21; Tata Tele - 3; Etisalat DB - 15; S Tel - 6; Videocon - 21; Idea - 9; Spice (Idea) - 4 >Reliance Comm down 3.5%, Tata Tele down 3%, Unitech down 7%, Videocon Industries down 0.9% >SC says, all spectrum issues on or post Jan 2008 to be cancelled >Bharti (up 7%), Idea (up 3%) biggest beneficiaries of this move as they may get more spectrum >SC dismisses petition to probe PC Chidambram's role >SBI recovers (down 3.5% in intraday) to end down 0.2% after management clarifications 

  • 
	AT 11:56 AM: NIFTY REGAINS LOSSES; BANKS RECOVER TOO

	
	>Bharti up 6%; Sterlite up 4.6%; BHEL up 3.6%
	>Infosys, ICICI Bank, TCS, L&T, HUL, ONGC, Wipro, DLF up 1-1.6%
	>Reliance remains flat
	>SBI falls 1.5%; ITC, Cipla slip nearly 1%

    AT 11:56 AM: NIFTY REGAINS LOSSES; BANKS RECOVER TOO >Bharti up 6%; Sterlite up 4.6%; BHEL up 3.6% >Infosys, ICICI Bank, TCS, L&T, HUL, ONGC, Wipro, DLF up 1-1.6% >Reliance remains flat >SBI falls 1.5%; ITC, Cipla slip nearly 1%

  • 
	AT 2:24 PM: SENSEX TURNS STRONG; BHARTI MAKES SMART MOVE

	
	>Bharti Airtel up 8% on hopes of getting more spectrum
	>Sterlite, DLF up 5%; ONGC, BHEL up 2.3%; Wipro gains 3.8%
	>ICICI Bank, Infosys, TCS, L&T, HUL up 0.8-1.5%
	>Hindalco, Hero MotoCorp up 3%
	>ITC, Tata Motors, Sun Pharma, Cipla, JSPL fall 1-2%; HDFC down 0.4%
	>European markets flat

    AT 2:24 PM: SENSEX TURNS STRONG; BHARTI MAKES SMART MOVE >Bharti Airtel up 8% on hopes of getting more spectrum >Sterlite, DLF up 5%; ONGC, BHEL up 2.3%; Wipro gains 3.8% >ICICI Bank, Infosys, TCS, L&T, HUL up 0.8-1.5% >Hindalco, Hero MotoCorp up 3% >ITC, Tata Motors, Sun Pharma, Cipla, JSPL fall 1-2%; HDFC down 0.4% >European markets flat

  • 
	EARNINGS SEASON

	
	>Hexaware's (Stock ends up 11%) Q4 net doubles YoY, rises 36% QoQ; sees 20% sales growth in 2012
	>Price hikes, volumes boost Marico (up 2.5%) Q3 cons net up 21% YoY; net sales up 29%
	>Andhra Bank's (up 6.5%) Q3 net falls 8.5% to Rs 303 cr, but gross NPAs improve at 2.38% vs 2.67% YoY
	>Essar Ports' Q3 jumps 449% to Rs 45 cr; revenue up 46% to Rs 277 cr YoY

    EARNINGS SEASON >Hexaware's (Stock ends up 11%) Q4 net doubles YoY, rises 36% QoQ; sees 20% sales growth in 2012 >Price hikes, volumes boost Marico (up 2.5%) Q3 cons net up 21% YoY; net sales up 29% >Andhra Bank's (up 6.5%) Q3 net falls 8.5% to Rs 303 cr, but gross NPAs improve at 2.38% vs 2.67% YoY >Essar Ports' Q3 jumps 449% to Rs 45 cr; revenue up 46% to Rs 277 cr YoY

  • 
	BUZZING STOCKS

	
	>Binani Industries (Stock ends up 5%) buys 100% stake in Belgium-based 3B from Platinum Equity for 275 mn Euro
	>Lloyds Steel (falls 6.5%) board approves issue of preferential shares at Rs 11.65/sh to 3 non listed entities and SBI
	>SIDBI gives Rs 100 crore loan to SKS Microfinance (up 2.5%) – reports Mint
	>Dena Bank (up 4%) board will meet on February 6th to consider issue of preferential shares to insurance companies, MFs

    BUZZING STOCKS >Binani Industries (Stock ends up 5%) buys 100% stake in Belgium-based 3B from Platinum Equity for 275 mn Euro >Lloyds Steel (falls 6.5%) board approves issue of preferential shares at Rs 11.65/sh to 3 non listed entities and SBI >SIDBI gives Rs 100 crore loan to SKS Microfinance (up 2.5%) – reports Mint >Dena Bank (up 4%) board will meet on February 6th to consider issue of preferential shares to insurance companies, MFs

  • 
	SENSEX CLOSES HIGHER FOR 3RD CONSECUTIVE SESSION

	
	>TECk, IT, Metal, Capital Goods, Realty, Power indices up 1-2%
	>Broader markets gain 0.5%
	>Even though there is market movement, Ambareesh Baliga, the COO of Way2Wealth expects a correction
	>Even the consistent upmove in market since January has not managed to woo Samir Arora, Fund Manager at Helios Capital. According to Arora, the current rally is led by deployment of existing cash with Asian funds

    SENSEX CLOSES HIGHER FOR 3RD CONSECUTIVE SESSION >TECk, IT, Metal, Capital Goods, Realty, Power indices up 1-2% >Broader markets gain 0.5% >Even though there is market movement, Ambareesh Baliga, the COO of Way2Wealth expects a correction >Even the consistent upmove in market since January has not managed to woo Samir Arora, Fund Manager at Helios Capital. According to Arora, the current rally is led by deployment of existing cash with Asian funds

  • 
	BHARTI AIRTEL OUTPERFORMS, RISES 7%

	
	>Sterlite, DLF, Wipro, GAIL, Hindalco up 3-4%
	>ICICI Bank, TCS, L&T, ONGC, HUL, Tata Steel, BHEL, Coal India up 1-1.6%
	>Index heavyweights Reliance, SBI end down 0.2% each
	>In intraday trade, SBI falls over 3.5% after rumours that bank has major exposure to telecom sector. But, the management clarified that it has funded exposure of Rs 1,100 crore and non-fund exposure at Rs 3,400 crore; the bank doesn't see significant risks to non-fund based exposure
	>ITC, Tata Motors, Cipla and Jindal Steel down 1-2.5%

    BHARTI AIRTEL OUTPERFORMS, RISES 7% >Sterlite, DLF, Wipro, GAIL, Hindalco up 3-4% >ICICI Bank, TCS, L&T, ONGC, HUL, Tata Steel, BHEL, Coal India up 1-1.6% >Index heavyweights Reliance, SBI end down 0.2% each >In intraday trade, SBI falls over 3.5% after rumours that bank has major exposure to telecom sector. But, the management clarified that it has funded exposure of Rs 1,100 crore and non-fund exposure at Rs 3,400 crore; the bank doesn't see significant risks to non-fund based exposure >ITC, Tata Motors, Cipla and Jindal Steel down 1-2.5%

  • 
	NIFTY STAYS ABOVE 5250 DESPITE 2G VERDICT

	
	>Market managed to claw back after the initial knee-jerk reaction to the SC verdict on the 2G case
	>Global markets gain on better than expected manufacturing data of US & UK
	>Real beneficiaries of 2G case verdict are Bharti, Idea
	>Capital Goods, Metals, Technology, Private Banks stocks support

	
	Let see how the day panned out...
  • 
	US MARKETS RALLY ON MANUFACTURING DATA ON WED

	
	>US manufacturing (ISM) grows at fastest pace in 7 months at 54.1 Vs 53.1 MoM on new order inflow
	>ISM’s new orders index up at 57.6 Vs 54.8 MoM; export orders up
	>US construction spending up 1.5% in Dec Vs consensus of 0.5% growth
	>Auto sales beat estimates; Chrysler reports 44% MoM growth
	>ADP employment report shows private payrolls up 170K MoM
	>Facebook files for IPO valuing company at almost USD 100 bn
	>Germany sees output improve MoM for 1st time since Sept
	>UK manufacturing returns to growth in Jan after shrinking in previous 3 months; at 52.1 Vs 59.7 MoM
  • 
	ASIAN STOCKS RISE ON THUR AS GLOBAL GROWTH CONCERNS EASE

	
	 
	SGX NIFTY UP 18 POINTS, POINTING TO A POSITIVE OPENING 
  • 
	SENSEX UP OVER 150 POINTS ON STRONG GLOBAL CUES

	
	>BSE Capital Goods, Power, Metal, IT, PSU, Bank, TECk up 1-1.6%
	>Realty, Auto, Pharma up 0.6-0.9%
	>Cipla, ITC, Bharti down 0.2-0.9%
	>BSE Midcap, Smallcap indices up 1%
	>Hexaware, Mahindra Satyam on strong quarterly performance
	>Dena Bank, SKS Microfinance, ITC shoot up 4-10%
	>Asian markets gain 0.4-1.4% 
  • 
	SC CANCELS 122 2G LICENSES ISSUED AFTER JAN 2008

	
	>Licenses of 11 telecom companies cancelled by Supreme Court
	>Uninor - 22; Loop - 21; Sistema Shyam - 21; Tata Tele - 3; Etisalat DB - 15; S Tel - 6; Videocon - 21; Idea - 9; Spice (Idea) - 4
	>Reliance Comm down 3.5%, Tata Tele down 3%, Unitech down 7%, Videocon Industries down 0.9%
	>SC says, all spectrum issues on or post Jan 2008 to be cancelled
	>Bharti (up 7%), Idea (up 3%) biggest beneficiaries of this move as they may get more spectrum
	>SC dismisses petition to probe PC Chidambram's role
	>SBI recovers (down 3.5% in intraday) to end down 0.2% after management clarifications 
  • 
	AT 11:56 AM: NIFTY REGAINS LOSSES; BANKS RECOVER TOO

	
	>Bharti up 6%; Sterlite up 4.6%; BHEL up 3.6%
	>Infosys, ICICI Bank, TCS, L&T, HUL, ONGC, Wipro, DLF up 1-1.6%
	>Reliance remains flat
	>SBI falls 1.5%; ITC, Cipla slip nearly 1%
  • 
	AT 2:24 PM: SENSEX TURNS STRONG; BHARTI MAKES SMART MOVE

	
	>Bharti Airtel up 8% on hopes of getting more spectrum
	>Sterlite, DLF up 5%; ONGC, BHEL up 2.3%; Wipro gains 3.8%
	>ICICI Bank, Infosys, TCS, L&T, HUL up 0.8-1.5%
	>Hindalco, Hero MotoCorp up 3%
	>ITC, Tata Motors, Sun Pharma, Cipla, JSPL fall 1-2%; HDFC down 0.4%
	>European markets flat
  • 
	EARNINGS SEASON

	
	>Hexaware's (Stock ends up 11%) Q4 net doubles YoY, rises 36% QoQ; sees 20% sales growth in 2012
	>Price hikes, volumes boost Marico (up 2.5%) Q3 cons net up 21% YoY; net sales up 29%
	>Andhra Bank's (up 6.5%) Q3 net falls 8.5% to Rs 303 cr, but gross NPAs improve at 2.38% vs 2.67% YoY
	>Essar Ports' Q3 jumps 449% to Rs 45 cr; revenue up 46% to Rs 277 cr YoY
  • 
	BUZZING STOCKS

	
	>Binani Industries (Stock ends up 5%) buys 100% stake in Belgium-based 3B from Platinum Equity for 275 mn Euro
	>Lloyds Steel (falls 6.5%) board approves issue of preferential shares at Rs 11.65/sh to 3 non listed entities and SBI
	>SIDBI gives Rs 100 crore loan to SKS Microfinance (up 2.5%) – reports Mint
	>Dena Bank (up 4%) board will meet on February 6th to consider issue of preferential shares to insurance companies, MFs
  • 
	SENSEX CLOSES HIGHER FOR 3RD CONSECUTIVE SESSION

	
	>TECk, IT, Metal, Capital Goods, Realty, Power indices up 1-2%
	>Broader markets gain 0.5%
	>Even though there is market movement, Ambareesh Baliga, the COO of Way2Wealth expects a correction
	>Even the consistent upmove in market since January has not managed to woo Samir Arora, Fund Manager at Helios Capital. According to Arora, the current rally is led by deployment of existing cash with Asian funds
  • 
	BHARTI AIRTEL OUTPERFORMS, RISES 7%

	
	>Sterlite, DLF, Wipro, GAIL, Hindalco up 3-4%
	>ICICI Bank, TCS, L&T, ONGC, HUL, Tata Steel, BHEL, Coal India up 1-1.6%
	>Index heavyweights Reliance, SBI end down 0.2% each
	>In intraday trade, SBI falls over 3.5% after rumours that bank has major exposure to telecom sector. But, the management clarified that it has funded exposure of Rs 1,100 crore and non-fund exposure at Rs 3,400 crore; the bank doesn't see significant risks to non-fund based exposure
	>ITC, Tata Motors, Cipla and Jindal Steel down 1-2.5%

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