Sensex loses 248 pts from days high: Heres how

Sensex loses 248 pts from day''s high: Here''s how
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Sensex loses 248 pts from day's high: Here's how
  • 
	SENSEX, NIFTY CLOSE FLAT

	
	>Mkt ends on flat note looking cautious ahead of 2nd tranche of LTRO by ECB. It was disappointed by weak Q3 GDP data.
	>After market hours at 3:45 pm, European Central Bank allots 529.53 Bn Euro in 2nd long term refinancing operation (LTRO); ECB 3-year LTRO allotment beats analysts' expectations
	>Adam Cole, global head of forex strategy at RBC Capital Markets, says that if ECB’s long term refinance operations figure comes in above market expectations, it will add fuel to the rally in global assets
	>Oil & gas, power, metals stocks support market while private banks, capital goods weigh down 

	
	Let see how the day panned out and stocks that were in action today...

    SENSEX, NIFTY CLOSE FLAT >Mkt ends on flat note looking cautious ahead of 2nd tranche of LTRO by ECB. It was disappointed by weak Q3 GDP data. >After market hours at 3:45 pm, European Central Bank allots 529.53 Bn Euro in 2nd long term refinancing operation (LTRO); ECB 3-year LTRO allotment beats analysts' expectations >Adam Cole, global head of forex strategy at RBC Capital Markets, says that if ECB’s long term refinance operations figure comes in above market expectations, it will add fuel to the rally in global assets >Oil & gas, power, metals stocks support market while private banks, capital goods weigh down Let see how the day panned out and stocks that were in action today...

  • 
	DOW JONES ABOVE 13000; OIL FALLS ON TUESDAY

	
	>S&P above 1370 for 1st time since May 2008
	>Brent crude ends down over USD 2.5/barrel at USD 121.5/barrel 
	>US Consumer confidence for Feb beats expectations, stands at 70.8 (at year high) Vs consensus estimate of 63
	>But US durable goods orders disappoint; fall 4% in January Vs expectation of 1% fall 
	>ECB's LTRO 2: Decision is likely at 3.45 pm India Time today
	>Eurozone economic confidence was better than expectations at 94.4 yesterday

    DOW JONES ABOVE 13000; OIL FALLS ON TUESDAY >S&P above 1370 for 1st time since May 2008 >Brent crude ends down over USD 2.5/barrel at USD 121.5/barrel  >US Consumer confidence for Feb beats expectations, stands at 70.8 (at year high) Vs consensus estimate of 63 >But US durable goods orders disappoint; fall 4% in January Vs expectation of 1% fall  >ECB's LTRO 2: Decision is likely at 3.45 pm India Time today >Eurozone economic confidence was better than expectations at 94.4 yesterday

  • 
	SENSEX UP OVER 200 POINTS; NIFTY ABOVE 5400

	
	>Reasons for rally: ECB's LTRO, India's Q3 GDP data, ONGC shares auction on BSE tomorrow
	>ONGC, BHEL top stars, rising 3% each
	>Realty, Capital Goods, PSU, Power indices up 2%
	>Metal, Oil & Gas, Auto, Bank up 1-1.8%
	>Pharma, FMCG, IT indices up 0.5-0.9%
	>BSE Midcap, Smallcap gain 1.3-1.5%
	>Asian markets up 0.5-1.7%; only Shanghai falls 0.6%

    SENSEX UP OVER 200 POINTS; NIFTY ABOVE 5400 >Reasons for rally: ECB's LTRO, India's Q3 GDP data, ONGC shares auction on BSE tomorrow >ONGC, BHEL top stars, rising 3% each >Realty, Capital Goods, PSU, Power indices up 2% >Metal, Oil & Gas, Auto, Bank up 1-1.8% >Pharma, FMCG, IT indices up 0.5-0.9% >BSE Midcap, Smallcap gain 1.3-1.5% >Asian markets up 0.5-1.7%; only Shanghai falls 0.6%

  • 
	ONGC AUCTION ON MARCH 1; STOCK ENDS UP 3.5%

	
	>Govt is set to raise at least USD 2.5 Bn by selling 5% stake in ONGC on Thursday, aiming to patch up its widening fiscal deficit and revive its stalled privatisation agenda
	>ONGC's shares sale will be done via auction on the stock exchange
	>The first to use this newly approved sales method which avoids expensive roadshows and saves time

    ONGC AUCTION ON MARCH 1; STOCK ENDS UP 3.5% >Govt is set to raise at least USD 2.5 Bn by selling 5% stake in ONGC on Thursday, aiming to patch up its widening fiscal deficit and revive its stalled privatisation agenda >ONGC's shares sale will be done via auction on the stock exchange >The first to use this newly approved sales method which avoids expensive roadshows and saves time

  • 
	Q3 GDP LOWEST IN LAST 10 QUARTERS

	
	>Q3 Gross Domestic Product at 6.1% versus 6.9% QoQ
	>Gross fixed cap formation at -1.2% YoY, -4.1% QoQ
	>Farm sector growth at 2.7% Vs 11% YoY
	>Construction sector growth at 7.2% Vs 8.7%
	>Mining sector growth at -3.1% Vs 6.1%
	>Services sector growth at 8.9% Vs 7.7%
	>Industry sector growth at 2.6% Vs 7.6% YoY

    Q3 GDP LOWEST IN LAST 10 QUARTERS >Q3 Gross Domestic Product at 6.1% versus 6.9% QoQ >Gross fixed cap formation at -1.2% YoY, -4.1% QoQ >Farm sector growth at 2.7% Vs 11% YoY >Construction sector growth at 7.2% Vs 8.7% >Mining sector growth at -3.1% Vs 6.1% >Services sector growth at 8.9% Vs 7.7% >Industry sector growth at 2.6% Vs 7.6% YoY

  • 
	At 11:54 AM: NIFTY OFF DAY'S HIGH POST WEAK Q3 GDP DATA

	
	>Q3 GDP at 6.1% versus 6.9% QoQ - lowest in 10 quarters
	>ONGC up 5%; RIL, Bajaj Auto up 3%
	>SBI, Tata Steel, Bharti, ITC, BHEL, Wipro, Sterlite, NTPC up 1-2%
	>L&T, HDFC Bank down 0.4%
	>Broader markets up 1%
	>Asia: Shanghai down 0.7%, Nikkei & Hang Seng turn flat 

    At 11:54 AM: NIFTY OFF DAY'S HIGH POST WEAK Q3 GDP DATA >Q3 GDP at 6.1% versus 6.9% QoQ - lowest in 10 quarters >ONGC up 5%; RIL, Bajaj Auto up 3% >SBI, Tata Steel, Bharti, ITC, BHEL, Wipro, Sterlite, NTPC up 1-2% >L&T, HDFC Bank down 0.4% >Broader markets up 1% >Asia: Shanghai down 0.7%, Nikkei & Hang Seng turn flat 

  • 
	NTPC'S RS 16K CR: BGR ENERGY RISES 9.5%; L&T LOSES 3%

	
	>NTPC opened price bids today for supply of supercritical boilers for 9 units of 660 MW each
	>A joint venture between BGR Energy Systems and Hitachi Power Europe GmbH emerged the lowest bidder for power equipment order from NTPC, official at state-run power producer said
	>BHEL emerged the 2nd-lowest bidder, while JV between Larsen & Toubro and Mitsubishi Heavy Industries was placed third lowest
	>BHEL ends flat

    NTPC'S RS 16K CR: BGR ENERGY RISES 9.5%; L&T LOSES 3% >NTPC opened price bids today for supply of supercritical boilers for 9 units of 660 MW each >A joint venture between BGR Energy Systems and Hitachi Power Europe GmbH emerged the lowest bidder for power equipment order from NTPC, official at state-run power producer said >BHEL emerged the 2nd-lowest bidder, while JV between Larsen & Toubro and Mitsubishi Heavy Industries was placed third lowest >BHEL ends flat

  • 
	AT 2:15 PM: MARKET GIVES UP GAINS; L&T, ICICI BANK DRAG

	
	>L&T down 2.8% on reports that BGR Energy & BHEL may get NTPC's order worth Rs 16000 Cr
	>HDFC Bank down 2.3%; ITC, Tata Motors, ICICI Bank, TCS, HDFC down 0.3-0.7%
	>RIL up 2.8%; ONGC gains 3.7%; Tata Power up 3.4%
	>Bharti, Tata Steel, BHEL, Sterlite up 1.5-2%; SBI up 0.9%
	>Broader markets too erase gains
	>Europe: FTSE flat; DAX, CAC gain 0.5% 

    AT 2:15 PM: MARKET GIVES UP GAINS; L&T, ICICI BANK DRAG >L&T down 2.8% on reports that BGR Energy & BHEL may get NTPC's order worth Rs 16000 Cr >HDFC Bank down 2.3%; ITC, Tata Motors, ICICI Bank, TCS, HDFC down 0.3-0.7% >RIL up 2.8%; ONGC gains 3.7%; Tata Power up 3.4% >Bharti, Tata Steel, BHEL, Sterlite up 1.5-2%; SBI up 0.9% >Broader markets too erase gains >Europe: FTSE flat; DAX, CAC gain 0.5% 

  • 
	KFA UP 1%: BANKS TO TAKE FINAL CALL ON BAILOUT TODAY

	
	>Management of Kingfisher Airlines (KFA) will meet their lenders' consortium led by SBI to convince them to put additional capital in troubled airline
	>Sources reclaim that lenders will give further capital to Kingfisher only if promoters make an additional equity infusion of over Rs 1500 Cr. Other half could be funded by the banks
	>KFA cannot be closed down just because it is making losses and banks are not helping it out with funds, Civil Aviation Minister Ajit Singh said

    KFA UP 1%: BANKS TO TAKE FINAL CALL ON BAILOUT TODAY >Management of Kingfisher Airlines (KFA) will meet their lenders' consortium led by SBI to convince them to put additional capital in troubled airline >Sources reclaim that lenders will give further capital to Kingfisher only if promoters make an additional equity infusion of over Rs 1500 Cr. Other half could be funded by the banks >KFA cannot be closed down just because it is making losses and banks are not helping it out with funds, Civil Aviation Minister Ajit Singh said

  • 
	STANDARD CHARTERED IDR UP 3%

	
	>UK's Standard Chartered Plc reported a market-matching 10.7% rise in 2011 pretax profit - 9th consecutive year of record earnings on strong Asian economic growth
	>StanChart reports pretax profit of USD 6.78 Bn, up from USD 6.12 Bn YoY
	>Income in Singapore rose 26%, while profits jumped 40%
	>India saw a decline in profit, which hit by a total of 13 interest rate increases over two years by RBI

    STANDARD CHARTERED IDR UP 3% >UK's Standard Chartered Plc reported a market-matching 10.7% rise in 2011 pretax profit - 9th consecutive year of record earnings on strong Asian economic growth >StanChart reports pretax profit of USD 6.78 Bn, up from USD 6.12 Bn YoY >Income in Singapore rose 26%, while profits jumped 40% >India saw a decline in profit, which hit by a total of 13 interest rate increases over two years by RBI

  • 
	STOCKS IN NEWS

	
	>HDIL up 1.4% as sources say company sold Andheri land for Rs 900 cr to Adani Group
	>Hexaware up 7% talks to for major majro stake sale reports
	>PTC India Financial up 9.6% as company says stake sale of holding in Indian Energy Exchange is underway
	>JSW Steel (up 2%) will invest Rs 900Cr for supplying gas to JSW Ispat (up 6%)
	>Arvind (up 1.5%) will develop 135 acre Ahmedabad project with Tata Housing
	>Rico Auto (up 20%) approves selling its 50% stake in JV Continental Rico Hydraulic Brakes to Continental Automotive Hldg Netherlands BV

    STOCKS IN NEWS >HDIL up 1.4% as sources say company sold Andheri land for Rs 900 cr to Adani Group >Hexaware up 7% talks to for major majro stake sale reports >PTC India Financial up 9.6% as company says stake sale of holding in Indian Energy Exchange is underway >JSW Steel (up 2%) will invest Rs 900Cr for supplying gas to JSW Ispat (up 6%) >Arvind (up 1.5%) will develop 135 acre Ahmedabad project with Tata Housing >Rico Auto (up 20%) approves selling its 50% stake in JV Continental Rico Hydraulic Brakes to Continental Automotive Hldg Netherlands BV

  • 
	SENSEX, NIFTY CLOSE FLAT

	
	>Mkt ends on flat note looking cautious ahead of 2nd tranche of LTRO by ECB. It was disappointed by weak Q3 GDP data.
	>After market hours at 3:45 pm, European Central Bank allots 529.53 Bn Euro in 2nd long term refinancing operation (LTRO); ECB 3-year LTRO allotment beats analysts' expectations
	>Adam Cole, global head of forex strategy at RBC Capital Markets, says that if ECB’s long term refinance operations figure comes in above market expectations, it will add fuel to the rally in global assets
	>Oil & gas, power, metals stocks support market while private banks, capital goods weigh down 

	
	Let see how the day panned out and stocks that were in action today...
  • 
	DOW JONES ABOVE 13000; OIL FALLS ON TUESDAY

	
	>S&P above 1370 for 1st time since May 2008
	>Brent crude ends down over USD 2.5/barrel at USD 121.5/barrel 
	>US Consumer confidence for Feb beats expectations, stands at 70.8 (at year high) Vs consensus estimate of 63
	>But US durable goods orders disappoint; fall 4% in January Vs expectation of 1% fall 
	>ECB's LTRO 2: Decision is likely at 3.45 pm India Time today
	>Eurozone economic confidence was better than expectations at 94.4 yesterday
  • 
	SENSEX UP OVER 200 POINTS; NIFTY ABOVE 5400

	
	>Reasons for rally: ECB's LTRO, India's Q3 GDP data, ONGC shares auction on BSE tomorrow
	>ONGC, BHEL top stars, rising 3% each
	>Realty, Capital Goods, PSU, Power indices up 2%
	>Metal, Oil & Gas, Auto, Bank up 1-1.8%
	>Pharma, FMCG, IT indices up 0.5-0.9%
	>BSE Midcap, Smallcap gain 1.3-1.5%
	>Asian markets up 0.5-1.7%; only Shanghai falls 0.6%
  • 
	ONGC AUCTION ON MARCH 1; STOCK ENDS UP 3.5%

	
	>Govt is set to raise at least USD 2.5 Bn by selling 5% stake in ONGC on Thursday, aiming to patch up its widening fiscal deficit and revive its stalled privatisation agenda
	>ONGC's shares sale will be done via auction on the stock exchange
	>The first to use this newly approved sales method which avoids expensive roadshows and saves time
  • 
	Q3 GDP LOWEST IN LAST 10 QUARTERS

	
	>Q3 Gross Domestic Product at 6.1% versus 6.9% QoQ
	>Gross fixed cap formation at -1.2% YoY, -4.1% QoQ
	>Farm sector growth at 2.7% Vs 11% YoY
	>Construction sector growth at 7.2% Vs 8.7%
	>Mining sector growth at -3.1% Vs 6.1%
	>Services sector growth at 8.9% Vs 7.7%
	>Industry sector growth at 2.6% Vs 7.6% YoY
  • 
	At 11:54 AM: NIFTY OFF DAY'S HIGH POST WEAK Q3 GDP DATA

	
	>Q3 GDP at 6.1% versus 6.9% QoQ - lowest in 10 quarters
	>ONGC up 5%; RIL, Bajaj Auto up 3%
	>SBI, Tata Steel, Bharti, ITC, BHEL, Wipro, Sterlite, NTPC up 1-2%
	>L&T, HDFC Bank down 0.4%
	>Broader markets up 1%
	>Asia: Shanghai down 0.7%, Nikkei & Hang Seng turn flat 
  • 
	NTPC'S RS 16K CR: BGR ENERGY RISES 9.5%; L&T LOSES 3%

	
	>NTPC opened price bids today for supply of supercritical boilers for 9 units of 660 MW each
	>A joint venture between BGR Energy Systems and Hitachi Power Europe GmbH emerged the lowest bidder for power equipment order from NTPC, official at state-run power producer said
	>BHEL emerged the 2nd-lowest bidder, while JV between Larsen & Toubro and Mitsubishi Heavy Industries was placed third lowest
	>BHEL ends flat
  • 
	AT 2:15 PM: MARKET GIVES UP GAINS; L&T, ICICI BANK DRAG

	
	>L&T down 2.8% on reports that BGR Energy & BHEL may get NTPC's order worth Rs 16000 Cr
	>HDFC Bank down 2.3%; ITC, Tata Motors, ICICI Bank, TCS, HDFC down 0.3-0.7%
	>RIL up 2.8%; ONGC gains 3.7%; Tata Power up 3.4%
	>Bharti, Tata Steel, BHEL, Sterlite up 1.5-2%; SBI up 0.9%
	>Broader markets too erase gains
	>Europe: FTSE flat; DAX, CAC gain 0.5% 
  • 
	KFA UP 1%: BANKS TO TAKE FINAL CALL ON BAILOUT TODAY

	
	>Management of Kingfisher Airlines (KFA) will meet their lenders' consortium led by SBI to convince them to put additional capital in troubled airline
	>Sources reclaim that lenders will give further capital to Kingfisher only if promoters make an additional equity infusion of over Rs 1500 Cr. Other half could be funded by the banks
	>KFA cannot be closed down just because it is making losses and banks are not helping it out with funds, Civil Aviation Minister Ajit Singh said
  • 
	STANDARD CHARTERED IDR UP 3%

	
	>UK's Standard Chartered Plc reported a market-matching 10.7% rise in 2011 pretax profit - 9th consecutive year of record earnings on strong Asian economic growth
	>StanChart reports pretax profit of USD 6.78 Bn, up from USD 6.12 Bn YoY
	>Income in Singapore rose 26%, while profits jumped 40%
	>India saw a decline in profit, which hit by a total of 13 interest rate increases over two years by RBI
  • 
	STOCKS IN NEWS

	
	>HDIL up 1.4% as sources say company sold Andheri land for Rs 900 cr to Adani Group
	>Hexaware up 7% talks to for major majro stake sale reports
	>PTC India Financial up 9.6% as company says stake sale of holding in Indian Energy Exchange is underway
	>JSW Steel (up 2%) will invest Rs 900Cr for supplying gas to JSW Ispat (up 6%)
	>Arvind (up 1.5%) will develop 135 acre Ahmedabad project with Tata Housing
	>Rico Auto (up 20%) approves selling its 50% stake in JV Continental Rico Hydraulic Brakes to Continental Automotive Hldg Netherlands BV

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