Tuesday 12 November 2013

Indices lackluster; realty; healthcare scrips up

Some buying activity is seen in realty, healthcare and FMCG sectors on BSE, while metal, auto and power sectors are losing sheen.

At 12:58 PM, S&P BSE Sensex is 20,481 down 9 points, while CNX Nifty is at 6,078 down 0.35 points. September IIP and October CPI data will be closely eyed today.

BSE Mid-cap is at 6,189 up 28 points, while BSE Small-cap is at 5,988 up 12 points.

Some buying activity is seen in realty, healthcare and FMCG sectors on BSE, while metal, auto and power sectors are losing sheen.

Hindalco, Maruti Suzuki, Wipro, Sun Pharma, ITC and Bajaj Auto are up on BSE, whereas SSLT, Tata Motors, Tata Steel, ONGC, Coal India and Gail are showing some weakness.

Rcom and Fortis Healthcare results will be in focus today. Hindalco results will mostly be announced after market hours.

Larsen & Toubro subsidiary L&T Infrastructure Development Projects Ltd (L&T IDPL) has won Rs. 12.93 billion road project in Odisha. L&T is 0.36% up on BSE.

Hindustan Petroleum Corporation posted net profit of Rs. 3189.20 million for the quarter ended September 30, 2013 as compared to Rs. 23270.90 million for the quarter ended September 30, 2012. The scrip is 0.88% up on BSE.

National Aluminium Company is 2.37% up on BSE on the news that the company posted a net profit of Rs. 1791.70 million for the quarter ended September 30, 2013 as compared to Rs. 47.80 million for the quarter ended September 30, 2012.

Britannia Industries gained 4.37% on BSE on the news that the company posted a net profit of Rs. 956.80 million for the quarter ended September 30, 2013 as compared to Rs. 456.00 million for the quarter ended September 30, 2012.

India’s merchandise trade deficit stood at $10.6 billion in October – almost half of what it was a year ago – as exports grew by a healthy 13.5% and imports contracted due to a continued sharp decline in non-oil imports.

Exports have grown at over 10% in each of the last 4 months (July to October 2013) boosted by a weak rupee and rising global demand on the back of a gradual recovery in US and Europe. During July-October, the rupee was 13% weaker than a year ago.

The Reserve Bank of India on Monday has cancelled the requirement of No Objection Certificate (NoC) with regard to share transfer from residents to non-residents where the investee company is in the financial services sector.

The RBI has allowed SEBI-registered foreign institutional investors (FIIs) and qualified foreign investors (QFIs) to invest in the credit enhanced bonds up to $5 billion.
These investments would be within the overall limit of $51 billion earmarked for corporate debt.

Nikkei closed 318 points up at 14,588, while Hang Seng is 123 points down at 22,846.

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