Nifty at 6-month high: See why Muthoot, Manappuram lost shine today

Nifty at 6-month high: See why Muthoot, Manappuram lost shine today
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Nifty at 6-month high: See why Muthoot, Manappuram lost shine today
  • 
	LATE TRADE RALLY TAKES NIFTY AT 6-MONTH HIGH

	
	>Nifty closes above 5400 mark for first time since August 3, 2011
	>Index strengthens in late trade after a lacklustre trade since opening
	>Banks, technology, metals, power stocks lead
	>However, experts are cautious on market, after such a one way rally. They expect serious correction in near-term

	
	Let see how the day panned out...

    LATE TRADE RALLY TAKES NIFTY AT 6-MONTH HIGH >Nifty closes above 5400 mark for first time since August 3, 2011 >Index strengthens in late trade after a lacklustre trade since opening >Banks, technology, metals, power stocks lead >However, experts are cautious on market, after such a one way rally. They expect serious correction in near-term Let see how the day panned out...

  • 
	US MKTS IN WAIT & WATCH MODE ON WED AHEAD OF GREEK DEAL

	
	>Greece polity still in discussion mode; no decision on final terms yet. Reports suggest 13 billion euro spending cut.  
	>All eyes on emergency meet of euro area finance ministers on Greece, despite no final word from Greek government
	>Topics like rescue package and private sector bond swaps on the agenda  
	>S&P says, Greece will fail to achieve sustainable debt levels even on 70% private sector haircuts; it needs ECB aid
	>European markets too end flat with negative bias

    US MKTS IN WAIT & WATCH MODE ON WED AHEAD OF GREEK DEAL >Greece polity still in discussion mode; no decision on final terms yet. Reports suggest 13 billion euro spending cut.   >All eyes on emergency meet of euro area finance ministers on Greece, despite no final word from Greek government >Topics like rescue package and private sector bond swaps on the agenda   >S&P says, Greece will fail to achieve sustainable debt levels even on 70% private sector haircuts; it needs ECB aid >European markets too end flat with negative bias

  • 
	SENSEX CONSOLIDATES; HINDALCO DOWN 6% AHEAD OF Q3 NOS

	
	>Infosys, TCS, Wipro down 1-2%
	>SBI, ONGC, Bharti, ITC, SBI, RIL down 0.2-1.2%
	>Metals stocks down ahead of Tata Steel, Hindalco Q3 nos
	>Private Banks, Auto stocks, BHEL, NTPC, HUL gain
	>Asian markets flat with negative bias as Greece strives to reach deal

    SENSEX CONSOLIDATES; HINDALCO DOWN 6% AHEAD OF Q3 NOS >Infosys, TCS, Wipro down 1-2% >SBI, ONGC, Bharti, ITC, SBI, RIL down 0.2-1.2% >Metals stocks down ahead of Tata Steel, Hindalco Q3 nos >Private Banks, Auto stocks, BHEL, NTPC, HUL gain >Asian markets flat with negative bias as Greece strives to reach deal

  • 
	AT 11:51 AM: NIFTY IN NARROW RANGE; BROADER MKTS OUTPERFORM

	
	>Hindalco down 5.5% on disappointing Novelis' Q3 numbers
	>ONGC down 2.4%; Reliance, L&T, ITC, Bharti, TCS, SBI down 0.4-1.3%
	>HDFC Bank, Tata Motors, Bajaj Auto, NTPC, Hero Motocorp up nearly 2%
	>HUL, JSPL, BHEL, Tata Power, DLF up 0.5-0.9%
	>Broader markets up 0.8%

    AT 11:51 AM: NIFTY IN NARROW RANGE; BROADER MKTS OUTPERFORM >Hindalco down 5.5% on disappointing Novelis' Q3 numbers >ONGC down 2.4%; Reliance, L&T, ITC, Bharti, TCS, SBI down 0.4-1.3% >HDFC Bank, Tata Motors, Bajaj Auto, NTPC, Hero Motocorp up nearly 2% >HUL, JSPL, BHEL, Tata Power, DLF up 0.5-0.9% >Broader markets up 0.8%

  • 
	HINDALCO RECOVERS SHARPLY POST Q3 NUMBERS

	
	>Hindalco crashed 7% during the day due to Canada-based subsidiary Novelis reported a loss of USD 12 million in Q3
	>However, results (in line with expected) helps the stock recover sharply to end just 1% down
	>Higher raw material cost marginally trimmed Hindalco's December quarter profits to Rs 450 cr Vs Rs 460.3 cr YoY
	>However, sales rose 11% to Rs 6,590 year-on-year on higher volumes and better realisation from both its aluminium and copper verticals

    HINDALCO RECOVERS SHARPLY POST Q3 NUMBERS >Hindalco crashed 7% during the day due to Canada-based subsidiary Novelis reported a loss of USD 12 million in Q3 >However, results (in line with expected) helps the stock recover sharply to end just 1% down >Higher raw material cost marginally trimmed Hindalco's December quarter profits to Rs 450 cr Vs Rs 460.3 cr YoY >However, sales rose 11% to Rs 6,590 year-on-year on higher volumes and better realisation from both its aluminium and copper verticals

  • 
	MANNAPURAM FINANCE, MUTHOOT FINANCE MELT POST RBI NEWS

	
	>RBI is worried about the scorching pace at which loans-against-gold have been growing of late, an official at banking regulator told CNBC-TV18
	>Manappuram Finance (down 7%), Muthoot Finance (down 5.6%) reports strong growth in Q3 earnings, even as  overall demand for loans in banking system has been shrinking
	>RBI is now considering tighter regulations for segment, the official said
	>RBI may restrict maximum interest that gold loan firm can charge its customers, and also penalties that gold loan firms can impose 

    MANNAPURAM FINANCE, MUTHOOT FINANCE MELT POST RBI NEWS >RBI is worried about the scorching pace at which loans-against-gold have been growing of late, an official at banking regulator told CNBC-TV18 >Manappuram Finance (down 7%), Muthoot Finance (down 5.6%) reports strong growth in Q3 earnings, even as  overall demand for loans in banking system has been shrinking >RBI is now considering tighter regulations for segment, the official said >RBI may restrict maximum interest that gold loan firm can charge its customers, and also penalties that gold loan firms can impose 

  • 
	DHANLAXMI BANK UP 17%

	
	>Rumours that promoters are selling the bank
	>However, the bank's CFO denied the same saying promoters are not planning to sell off bank

    DHANLAXMI BANK UP 17% >Rumours that promoters are selling the bank >However, the bank's CFO denied the same saying promoters are not planning to sell off bank

  • 
	FINANCIAL TECH GAINS 4%

	
	>Financial Technologies is a promoter of Multi-Commodity Exchange (MCX) and holds 31% stake in company
	>Sources claim that MCX is likely to launch IPO by February-end and Mumbai roadshow of this IPO is expected to begin next week
	>MCX awaits final nod from SEBI for IPO, say sources

    FINANCIAL TECH GAINS 4% >Financial Technologies is a promoter of Multi-Commodity Exchange (MCX) and holds 31% stake in company >Sources claim that MCX is likely to launch IPO by February-end and Mumbai roadshow of this IPO is expected to begin next week >MCX awaits final nod from SEBI for IPO, say sources

  • 
	DISHMAN PHARMA SURGES 8% POST Q3 RESULTS

	
	>Dishman Pharma's consolidated net profit rises 882% to Rs 16.7 cr YoY
	>Net sales move up 14% to Rs 265 cr YoY

    DISHMAN PHARMA SURGES 8% POST Q3 RESULTS >Dishman Pharma's consolidated net profit rises 882% to Rs 16.7 cr YoY >Net sales move up 14% to Rs 265 cr YoY

  • 
	MORE MOVERS & SHAKERS

	
	>Gammon Infrastructure (up 11%) gets Rs 1684 cr AP Highway Project from NHAI
	>Ansal Properties (3%) sold 1.94 mn sq ft for Rs 240 cr in January
	>Greaves Cotton (up 3%) sells Chennai land for Rs 80 cr
	>Tata Global Beverage (up 4%) forms JV with Pepsi Co India to launch health beverages
	>Unity Infra (up 5%) bags 2 orders worth Rs 486 cr
	>Apollo Tyres' (stock up 4%) net profit falls higher-than-expected 18% YoY to Rs 98 cr, hurt by high raw material costs and one-time penalty of Rs 29.4 crore on its South African subsidiary; net sales, however, well ahead of street estimates, up 36% YoY to Rs 3,228.2 cr

    MORE MOVERS & SHAKERS >Gammon Infrastructure (up 11%) gets Rs 1684 cr AP Highway Project from NHAI >Ansal Properties (3%) sold 1.94 mn sq ft for Rs 240 cr in January >Greaves Cotton (up 3%) sells Chennai land for Rs 80 cr >Tata Global Beverage (up 4%) forms JV with Pepsi Co India to launch health beverages >Unity Infra (up 5%) bags 2 orders worth Rs 486 cr >Apollo Tyres' (stock up 4%) net profit falls higher-than-expected 18% YoY to Rs 98 cr, hurt by high raw material costs and one-time penalty of Rs 29.4 crore on its South African subsidiary; net sales, however, well ahead of street estimates, up 36% YoY to Rs 3,228.2 cr

  • 
	NIFTY CLOSES ABOVE 5400 FOR FIRST TIME SINCE AUGUST 2011

	
	>Market manages to cross the 5400 mark after seeing consolidation in a range of 5,320-5,400 this week
	>BSE Metal, Realty, Bank , Auto indices up around 2%; IT, Power up over 1%
	>Sterlite, JSPL, Tata Power, Bajaj Auto, HDFC Bank, Tata Motors, Wipro, ICICI Bank up 2-4.6%
	>L&T, RIL, ITC, ONGC, Bharti down 0.5-1%
	>Dilip Bhat of Prabhudas Lilladher said he would lean more towards caution at the current rates as the market rallied more than 19% since January 2012
	>"I still maintain that markets will correct and probably there could be serious correction even in the longer run," he added

    NIFTY CLOSES ABOVE 5400 FOR FIRST TIME SINCE AUGUST 2011 >Market manages to cross the 5400 mark after seeing consolidation in a range of 5,320-5,400 this week >BSE Metal, Realty, Bank , Auto indices up around 2%; IT, Power up over 1% >Sterlite, JSPL, Tata Power, Bajaj Auto, HDFC Bank, Tata Motors, Wipro, ICICI Bank up 2-4.6% >L&T, RIL, ITC, ONGC, Bharti down 0.5-1% >Dilip Bhat of Prabhudas Lilladher said he would lean more towards caution at the current rates as the market rallied more than 19% since January 2012 >"I still maintain that markets will correct and probably there could be serious correction even in the longer run," he added

  • 
	LATE TRADE RALLY TAKES NIFTY AT 6-MONTH HIGH

	
	>Nifty closes above 5400 mark for first time since August 3, 2011
	>Index strengthens in late trade after a lacklustre trade since opening
	>Banks, technology, metals, power stocks lead
	>However, experts are cautious on market, after such a one way rally. They expect serious correction in near-term

	
	Let see how the day panned out...
  • 
	US MKTS IN WAIT & WATCH MODE ON WED AHEAD OF GREEK DEAL

	
	>Greece polity still in discussion mode; no decision on final terms yet. Reports suggest 13 billion euro spending cut.  
	>All eyes on emergency meet of euro area finance ministers on Greece, despite no final word from Greek government
	>Topics like rescue package and private sector bond swaps on the agenda  
	>S&P says, Greece will fail to achieve sustainable debt levels even on 70% private sector haircuts; it needs ECB aid
	>European markets too end flat with negative bias
  • 
	SENSEX CONSOLIDATES; HINDALCO DOWN 6% AHEAD OF Q3 NOS

	
	>Infosys, TCS, Wipro down 1-2%
	>SBI, ONGC, Bharti, ITC, SBI, RIL down 0.2-1.2%
	>Metals stocks down ahead of Tata Steel, Hindalco Q3 nos
	>Private Banks, Auto stocks, BHEL, NTPC, HUL gain
	>Asian markets flat with negative bias as Greece strives to reach deal
  • 
	AT 11:51 AM: NIFTY IN NARROW RANGE; BROADER MKTS OUTPERFORM

	
	>Hindalco down 5.5% on disappointing Novelis' Q3 numbers
	>ONGC down 2.4%; Reliance, L&T, ITC, Bharti, TCS, SBI down 0.4-1.3%
	>HDFC Bank, Tata Motors, Bajaj Auto, NTPC, Hero Motocorp up nearly 2%
	>HUL, JSPL, BHEL, Tata Power, DLF up 0.5-0.9%
	>Broader markets up 0.8%
  • 
	HINDALCO RECOVERS SHARPLY POST Q3 NUMBERS

	
	>Hindalco crashed 7% during the day due to Canada-based subsidiary Novelis reported a loss of USD 12 million in Q3
	>However, results (in line with expected) helps the stock recover sharply to end just 1% down
	>Higher raw material cost marginally trimmed Hindalco's December quarter profits to Rs 450 cr Vs Rs 460.3 cr YoY
	>However, sales rose 11% to Rs 6,590 year-on-year on higher volumes and better realisation from both its aluminium and copper verticals
  • 
	MANNAPURAM FINANCE, MUTHOOT FINANCE MELT POST RBI NEWS

	
	>RBI is worried about the scorching pace at which loans-against-gold have been growing of late, an official at banking regulator told CNBC-TV18
	>Manappuram Finance (down 7%), Muthoot Finance (down 5.6%) reports strong growth in Q3 earnings, even as  overall demand for loans in banking system has been shrinking
	>RBI is now considering tighter regulations for segment, the official said
	>RBI may restrict maximum interest that gold loan firm can charge its customers, and also penalties that gold loan firms can impose 
  • 
	DHANLAXMI BANK UP 17%

	
	>Rumours that promoters are selling the bank
	>However, the bank's CFO denied the same saying promoters are not planning to sell off bank
  • 
	FINANCIAL TECH GAINS 4%

	
	>Financial Technologies is a promoter of Multi-Commodity Exchange (MCX) and holds 31% stake in company
	>Sources claim that MCX is likely to launch IPO by February-end and Mumbai roadshow of this IPO is expected to begin next week
	>MCX awaits final nod from SEBI for IPO, say sources
  • 
	DISHMAN PHARMA SURGES 8% POST Q3 RESULTS

	
	>Dishman Pharma's consolidated net profit rises 882% to Rs 16.7 cr YoY
	>Net sales move up 14% to Rs 265 cr YoY
  • 
	MORE MOVERS & SHAKERS

	
	>Gammon Infrastructure (up 11%) gets Rs 1684 cr AP Highway Project from NHAI
	>Ansal Properties (3%) sold 1.94 mn sq ft for Rs 240 cr in January
	>Greaves Cotton (up 3%) sells Chennai land for Rs 80 cr
	>Tata Global Beverage (up 4%) forms JV with Pepsi Co India to launch health beverages
	>Unity Infra (up 5%) bags 2 orders worth Rs 486 cr
	>Apollo Tyres' (stock up 4%) net profit falls higher-than-expected 18% YoY to Rs 98 cr, hurt by high raw material costs and one-time penalty of Rs 29.4 crore on its South African subsidiary; net sales, however, well ahead of street estimates, up 36% YoY to Rs 3,228.2 cr
  • 
	NIFTY CLOSES ABOVE 5400 FOR FIRST TIME SINCE AUGUST 2011

	
	>Market manages to cross the 5400 mark after seeing consolidation in a range of 5,320-5,400 this week
	>BSE Metal, Realty, Bank , Auto indices up around 2%; IT, Power up over 1%
	>Sterlite, JSPL, Tata Power, Bajaj Auto, HDFC Bank, Tata Motors, Wipro, ICICI Bank up 2-4.6%
	>L&T, RIL, ITC, ONGC, Bharti down 0.5-1%
	>Dilip Bhat of Prabhudas Lilladher said he would lean more towards caution at the current rates as the market rallied more than 19% since January 2012
	>"I still maintain that markets will correct and probably there could be serious correction even in the longer run," he added

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