news u can use 04.05.2012
TRANSCRIPT
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News U Can Use4thMay ,2012
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The Week that was
28th April to 4th May
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Indian Economy IMF in its Asia-Pacific Regional Economic Outlook pointed out that domestic factors have
'
renewed efforts to revive flagging growth. India's key infrastructure industries growth fell sharply to 2.0% in March after rising to a
seven-month high of 6.8% in February.
n a s exports e 5.7% to 28.7 n n arc rom t e same per o a year ear er, w eimports rose 24.3% to $42.6bn in March, resulting in a trade deficit of $13.9bn.
Indias public debt rose by 5.4% to Rs.35.98 lakh cr in Q4 FY 2012 as compared toRs.34.13 lakh cr in Q3 FY 2012.
India's annual inflation rate based on CPI for Industrial Workers rose to 8.65% in March from7.57% in February.
Indias HSBC's Business Activity Index rose to 52.8 in April from 52.3 in March, while . , . .
Indias HSBC Manufacturing Purchasing Managers' Index (PMI) rose to 54.9 in April from54.7 in March.
Prime Minister's Economic Advisory Council (PMEAC) Chairman said that actions such asre orms on ue pr ces w e a en a e appropr a e me o cur su s es an ma n a nfiscal deficit at the budgeted level of 5.1% in 2012-13.
Source: Crisil Weekl Market U date
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Indian Economy According to the data by the Export Promotion Council for EOUs and SEZs (EPCES),
- - .
2011-12. Indias forex reserves rose by $758 mn to $295.36 bn as of week ended April 27.
Source: Crisil Weekl Market U date
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Indian Debt Market
-positive feelers from RBI. The benchmark 10-year security 8.79% GOI 2021 ended the weekat 8.62%, as against 8.65% last week.
Liquidity in the system was tight with current week being the first half of reporting fortnight, ,
as against around negative Rs 1,13,400 cr during the previous week. Overnight call was inthe range of 7.80%- 8.65%.
RBI conducted auction in four securities (Rs. 16,000 cr) - namely 8.19% GS 2020 (Rs. 4000cr , . s. cr , . s. cr an . s.3000 cr) with cut-off yield of 8.54%, 8.72%, 8.92% and 8.99% respectively.
In T-bill auction, RBI auctioned 91 day T-bill (Rs. 10,000 cr) and 182 day T-bill (Rs. 5000 cr)with cut-off yield of 8.44% (Previous : 8.39%) and 8.31% (Previous : 8.17%) respectively.
Next week, the RBI will conduct 91 day T-bill (Rs. 9000 cr) and 182 day T-bill (Rs. 5000 cr)on May 9, 2012.
Next week, the RBI will conduct 10 year SDLs (Rs. 5150 cr) for 5 states on May 8, 2012.
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n an ommo es ar e
Crude oil prices fell in the week amid volatility, with prices rising earlier after growth in the,
rise in prices was capped after the US government said worker productivity fell sharply inthe first quarter of the year; prices ended at $102.54 a barrel on the NYMEX on May 3 ascompared to $104.55 a barrel on April 26.
. .
Crude oil prices fell 6 cents to settle at $104.87 a barrel on the NYMEX
Crude oil prices rose $1.29 to settle at $106.16 a barrel on the NYMEX after growth in theUS and Chinese manufacturing signalled more demand for energy products.
Crude oil prices fell 94 cents to settle at $105.22 a barrel on the NYMEX on concerns abouta weakening European economy and disappointing job growth in the US.
Crude oil prices fell $2.68 to settle at $102.54 a barrel on the NYMEX after the US.
US crude oil inventories rose 2.8mn barrels to 375.9mn barrels for the week ended April 27.
Government removes the cap on sugar exports and places it under the open general licencecategory like wheat and rice.
FMC introduces a staggered deliveries option for sellers 15 days prior to expiry in certainagri commodities, including oil seeds, chana and pepper.
Source: Crisil Weekl Market U date
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n an ommo es ar e
NCDEX cuts penalty on delivery defaults to traders in price sensitive commodities effective.
International Grains Council lowers its estimate of global wheat output in 2012-13 to 676 mntn from 681 mn tn forecast earlier this month as unfavourable weather conditions are likelyto hurt its output in the European Union region.
u arat government ec es not to procure onsanto y r ma ze see s rect y or tsProject Sunshine for farmers in tribal areas following criticism by some farmer organisationsabout the quality of seeds.
Source: Crisil Weekl Market U date
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n an overnment Minister of State for Finance said that India is considering a review of the Double Taxation
Avoidance Treaty with Mauritius to raise revenues.
Government says that the country's power sector requires Rs 13.72 lakh crore in funding forthe 12th Five-Year Plan (2012-17).
Government to infuse about Rs 30,000 cr in cash-strapped Air India over the next nine- - .
Government imposes a penalty of about Rs.6600cr on RIL for the steep fall in gas outputfrom the KG-D 6 block.
Finance Ministry directs all banks to pay vendors through online fund transfers.
Government and RBI are working on changing rules to give corporates more leeway inrepaying foreign currency convertible bonds.
Economic Affairs Secretary termed the proposed General Anti-Avoidance Rule (GAAR) as" ros ective" and "not retros ective" and said that the onus of rovin tax under the
provision would rest with the Indian authorities. Government to take up the proposal to allow foreign carriers to buy up to 49% equity stake
in domestic airlines only after the current Budget session of Parliament
and transfer pricing.
Source: Crisil Weekl Market U date
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n an overnmen Finance Ministry asks NABARD to provide financial assistance to about 400 small urban
cooperative banks (UCBs) to create infrastructure for core banking solutions (CBS).
Government gives powers to the Empowered Group of Ministers for the auction of telecomspectrum in the 2G band.
India decides to bilaterally voice concerns over Argentinas recent import restrictions,.
Cabinet Committee on Economic Affairs approves a Rs. 400cr National Monsoon Missionprogramme to improve the skills of monsoon rainfall forecasts.
Rajasthan government scraps tenders worth Rs.12000cr bagged by BHEL a year ago fortwo thermal power projects in the state.
The Department of Posts plans to set up 1000 ATMs across the country.
Labour Minister says EPFO's interest rate for its over 50mn subscribers for this fiscal couldbe hi her than 8.25% rovided durin 2011-12.
Power ministry to allow producers to raise tariffs if fuel costs of new projects rise, and willnot oppose a hike in domestic gas prices.
Oil Ministry rejects public sector oil companies' plan to acquire Asian Development Bank's'
importer a private firm.
Source: Crisil Weekl Market U date
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egu atory p ates n n a RBI releases guidelines on implementation of Basel III capital regulations in India; guidelines
would become effective from Jan 1, 2013 in a phased manner.
RBI asks banks to set aside more risk capital and implement Basel 3 norms faster than itsglobal peers.
RBI relaxed the interest rate ceiling on foreign currency non-resident (FCNR) deposits of
swap rate, from 125 bps now.
RBI says that there is a case for hiking FDI cap in insurance and some other sectors in view
of India's growing integration with the global economy, if local economic and politicalscenar o perm s.
RBI data shows that the growth in loans advanced to non-banking finance companiesalmost halved to 26.3% in FY12 from 54.8% in the previous year.
RBI Deputy Governor says that the non-performing assets in the banking system are likely
to have peaked and the asset quality of banks is expected to improve hereafter. RBI warns Indian companies against excessive reliance on overseas commercial borrowing.
RBI asks banks to allow intra-bank account portability in cases where full KYC (know your.
Source: Crisil Weekl Market U date
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egu atory p ates n n a RBI clears HSBCs deal to buy the Indian retail and commercial banking businesses of RBS.
combination of debt and equity. RBI data shows that Indian companies borrowed $3.8bn through External Commercial
Borrowings in March, higher than $2.6bn raised in the previous month.
SEBI decentralises the process of filing offer documents with effect from May 14.
SEBI is set to put in place a new and detailed mechanism for its 'consent' procedure - an
out-of-court-like settlement through which it settles cases of suspected irregularities by listedcom anies and various market entities.
IRDA decides to allow companies to sell single-premium policies after threatening to haltthem recently citing high risk.
IRDA launches an exclusive website for consumer education on insurance products.
cance s e corpora e agency cense o ra nsurance erv ces ue o v o a onof rules mentioned by the regulator.
TDSAT quashes the additional penalty of Rs.38cr imposed on Sistema Shyam Teleservicesby the DoT for allegedly delaying network rollout in nine telecom circles.
DoT rejects TRAIs demand that powers to issue licences to telecom companies beentrusted to it.
Source: Crisil Weekl Market U date
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egu atory p ates n n a DoT asks TRAI to clarify recommendations on 2G spectrum auction.
given by the Supreme Court. TRAI data shows that telecom operators added 8mn mobile subscribers in March.
TRAI authorises Multi System Operators to determine carriage fee.
Competition Commission of India approves the proposed merger of Mahindra Satyam andother companies with Tech Mahindra.
Competition Commission of India approves the proposal of HSBC to acquire retail and
in India.
The Income Tax Department serves a Rs.9000cr tax notice on LIC.
Source: Crisil Weekl Market U date
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nternat ona ar ets Food price index of Food and Agriculture Organisation fell 1.4% month on month to 214
oints in A ril si nificantl lower from the record 235 oints a ear a o.
US GDP grew at a 2.2% annual rate in Q1 2012 as per advance estimates, moderating fromQ4 2011 growth rate of 3%.
US Institute for Supply Management said that its index of national factory activity rose to. . .
US consumer spending rose by 0.3% in March after a 0.9% increase in February while theincome increased by 0.4% in march, which was an improvement from the 0.2% gain in
February.
US ADP National Employment Report showed that private-sector employment increased by119,000 from March to April on a seasonally adjusted basis.
US factory order fell 1.5% in March, the steepest decline since March 2009, following 1.1%rise in the Februar .
US nonfarm productivity fell at a 0.5% annual rate in Q1 2012 following an upward revised1.2% rise in the Q4 2011while labour costs were up 2.1% in Q1 2012 compared with the3.1% rise in Q4 2011.
.reading since November.
US unemployment claims decline by 27,000 to 365,000 as of week ended April 28.
Source: Crisil Weekl Market U date
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n erna ona ar e s US construction spending edged up 0.1% to an annual rate of $808.07bn, after a revised
1.4% drop in February.
US auto sales rose 2.3% in April over last year to a seasonally adjusted annualized rate of
sales of 14.42mn vehicles. US Employment Cost Index rose 0.4% in Q1 2012, down from a 0.5% advance during the
.
University of Michigans consumer sentiment index rose to 76.4 in April from 76.2 lastmonth.
Chicago Purchasing Managers index fell to 56.2 in April from 62.2 in March. US Dallas Fed Manufacturing index fell to 5.6 in April from 11.1 in March.
European Central Bank (ECB) keeps its interest rate unchanged at 1%.
Eurozone annual PPI increased by 3.3% in March, following 3.6% growth in February,
' .47.7 in March.
Eurozone unemployment rate hit a record high level in March, jumping to 10.9% for the firsttime in 15 years, as compared with 10.8% in February.
Eurozone's consumer price index eased to 2.6% in April compared with 2.7% in March.
Bank of England says that net lending to consumers rose 1.4 bn pounds in March,compared with a rise of 1.3 bn a month earlier.
Source: Crisil Weekl Market U date
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n erna ona ar e s UK GfK consumer confidence index for April came in at -31 points, unchanged on the
previous month.
UK Markit/CIPS Manufacturing Purchasing Managers Index fell to 50.5 in April from a
downwardly revised 51.9 in March. UK services PMI declines to 53.3 in April from the 55.3 in March.
'weak start.
UK PMI Construction decreased to 55.8 points in April, from 56.7 points in March.
Spains GDP contracted 0.3% quarter-on-quarter in Q1 2012, following a 0.3% fall in Q4.
S&P downgrades the ratings of 16 Spanish banks.
S&P upgrades Greeces credit rating from selective default to CCC and gives it a stableoutlook after the country recently completed a massive debt write down with private
creditors. Asian Development Bank (ADB) says that financial crisis in Europe could escalate and along
with slow recovery in the US, but Asian nations must continue long term structural reforms.
China signs trade and investment contracts worth $15bn with Russia.
Chinas official Purchasing Managers Index rose to 53.3 in April from 53.1 in March.
Source: Crisil Weekl Market U date
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China offers South Sudan $8bn in development funds for road, hydropower, infrastructure
and agriculture projects.
. . .
China's non-manufacturing PMI fell to 56.1 in April from 58 in March. Singapores jobless rate rose slightly to 2.1% in March, compared with a 2% rate in
December 2011.
Facebook Inc plans to raise about $10.6bn through its IPO.
China Eastern Airlines to buy 20 Boeing B777-300ER aircraft from Boeing Co at $5.94bn.
Energy Transfer Partners to buy Sunoco in a $5.3bn deal. e ca ev ce ma er o og c nc. to uy agnost c test ma er en- ro e nc. or a out
$3.72bn.
AIG reports a Q1 net income of $3.2bn as compared to a net income of $1.3bn in the sameperiod last year.
Temasek Holdings raises $2.48bn by selling portions of stakes it holds in Bank of China andChina Construction Bank via placements.
Japan's Mitsui & Co and Mitsubishi Corp to jointly buy a 14.7% stake in an Australian LNG.
Novartis AG's Sandoz division to buy dermatology product maker Fougera Pharmaceuticals
for $1.53bn in cash.
Source: Crisil Weekl Market U date
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o a qu es
Indices May 4 Apr 27 Change%
Change
DJIA 13206.59* 13228.31 -21.72 -0.16
Nasdaq Composite 3024.30* 3069.20 -44.90 -1.46
Nikkei 225 Ja an 9380.25^ 9520.89 -140.64 -1.48
Straits Times (Singapore) 2990.59 2981.58 9.01 0.30
Hang Seng (Hong Kong) 21086.00 20741.45 344.55 1.66
* - - . . . .
10.0
11.0
12.0 Rebased to 10Dow Jones Nasdaq FTSE
Nikkei Straits Times Heng Seng
6.0
7.0
8.0
9.0
11
11
11
11
11
11
11
11
12
12
12
12
12
DJIA D J I A D M 3
D M 2
04-May-
04-Jun-
04-Jul-
04-Aug-
04-Sep-
04-Oct-
04-Nov-
04-Dec-
04-Jan-
04-Feb-
04-Mar-
04-Apr-
04-May-
Source: Crisil Weekl Market U date
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o a qu es Key global indices were mixed in the week ended May 3/4 with Hong Kongs Hang Seng
index gaining the most, up 1.7%, while Japans Nikkei index fell the most, down 1.5%.
Wall Street stocks ended lower in the week on renewed worries about the fragility of
Europe's finances and intermittent disappointing domestic economic reports and weakcorporate earnings. Losses were however reduced following some strong domesticeconomic ointers includin manufacturin data.
Britains FTSE index fell 0.2% in the week on tracking disappointing US private sector jobreport, and rising concerns about the euro zone. The benchmark had started strongly
following upbeat US corporate earnings and manufacturing data. apan s e e . n e o ay cur a e wee pr mar y on rac ng sappo n ng
GDP figures and renewed concerns about Spanish banks after S&P's cut the ratings of 11Spanish lending institutions.
Hong Kongs Hang Seng index gained 1.7% in the week primarily on the back of upbeat
manu actur ng ata n t e na an . Gains were however capped amid rising concerns about the European economy and after
Chinese developers stocks fell after industry heavyweight China Vanke Co Ltd, posted amonthly sales decline.
Singapores Straits Times index rose 0.3% in the week mainly due to strong manufacturingdata from China and US.
Source: Crisil Weekl Market U date
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o a e US treasury prices rose during the week ended May 3 due to weakness in European
manufacturing and slower private-sector hiring in the US which fueled expectations of aglobal slowdown and boosted demand for low-risk investments.
The yield on 10 year benchmark bond fell marginally to 1.92% on May 3 from 1.96% onApril 26.
- - . .haven appetite for government securities.
Sentiments for bonds were also boosted on worries about Spains economy slipping into
recession and it might need a rescue as Greece and Ireland did. Further gains were however capped after U.S. manufacturing sector unexpectedly grew at
its strongest pace in 10 months; casting doubts over the stimulus from the FederalReserve.
Losses were also witnessed after U.S. claims for jobless benefits fell 27,000 to a seasonally
adjusted 365,000 in the week ended April 28, the biggest weekly drop in claims since earlyMay last year
On weekly holding front, foreign central banks investment in US Treasuries and agencydebt at the Federal Reserve rose in the week ended Ma 2.
Treasuries held by overseas central banks at the Fed Treasury debt rose by $9.908 billion
to stand at $2.782 trillion.
Source: Crisil Weekl Market U date
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Global Debt
Holdings of securities issued or guaranteed by Fannie Mae and Freddie Maca so e y . on o s an a on.
The resultant combined holdings of Treasuries and agency securities by foreigncentral banks at the Fed rose $7.755 billion to stand at $3.497 trillion.
4.00 US 10-Year Govt Bond Yield
2.00
3.00
1.00
ay-11
un-11
ul-11
ug-11
ep-11
ct-11
ov-11
ec-11
n-12
eb-12
ar-12
pr-12
ay-12
3-M 3
-J 3-
3-A
3-S 3
-3-N
3-D
3-J
3-F
3-M
3-A
3-M
Source: Crisil Weekl Market U date
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Wall Street stocks ended lower in the week, with the Dow Jones falling 0.2% and Nasdaqending 1.5% lower.
Markets started on a positive note buoyed by stronger-than-expected earnings from
Amazon.com and Expedia Inc, outweighing even a weak reading on first-quarter USeconomic growth
. ,from Q4 2011 growth rate of 3%.
Sentiments were boosted further, with the Dow Jones touching its highest level in more
than four years, after robust US manufacturing data eased worries about a slowdown in theeconom c recovery.
US Institute for Supply Management said that its index of national factory activity roseto 54.8 in April from 53.4 in March.
Gains were however wiped off on news that Spain had entered another recession, thereby
renewing worries about the fragility of Europe's finances. Intermittent disappointing economic reports and weak corporate earnings also weighed on
the markets.
-increased by 119,000 from March to April on a seasonally adjusted basis.
Source: Crisil Weekl Market U date
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US consumer spending rose by a marginal 0.3% in March after a 0.9% increase inFebruary while the income increased by 0.4% in march, which was an improvementfrom the 0.2% gain in February.
US factory orders fell 1.5% in March, the steepest decline since March 2009, following1.1% rise in the February.
.the worst reading since November.
Markets were also affected by news that Euro zone factory activity contracted again last
month, with the purchasing managers index falling to its lowest level since June 2009. Among other indicators released in the week,
US nonfarm productivity fell at a 0.5% annual rate in Q1 2012 following an upwardrevised 1.2% rise in the Q4 2011while labour costs were up 2.1% in Q1 2012compared with the 3.1% rise in Q4 2011.
US construction spending edged up 0.1% to an annual rate of $808.07bn, after arevised 1.4% drop in February.
US auto sales rose 2.3% in April over last year to a seasonally adjusted annualized. .
Source: Crisil Weekl Market U date
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UK Britains FTSE index ended 0.2% lower in the week primarily on tracking weak global cues.
confidence data.
Market soared further after US reported stronger-than-expected US manufacturing data.
Sentiments were however dented on tracking disappointing US private sector job report andmanufacturing data from the euro zone.
Market was also down after S&P cut Spains credit rating by two notches.
More losses were seen on the back of weak UK and US services sector data.
. . .
Among other developments and indicators in the week,
Bank of England Governor said that Britain's economy may recover slowly in 2012 aftera weak start.
Bank of England said that net lending to consumers rose 1.4 bn pounds in March,compared with a rise of 1.3 bn a month earlier.
UK Markit/CIPS Manufacturing Purchasing Managers Index fell to 50.5 in April from adownwardl revised 51.9 in March.
Source: Crisil Weekl Market U date
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Singapores Straits Times index rose 0.3% in the week ended May 4 amid mixed globalsentiments.
Market sentiments got support earlier from strong manufacturing data from China and US.
Gains were however trimmed on mirroring declines in other regional markets following someintermittent disappointing data from the US and Europe.
Among major indicators released in the week,
Singapores jobless rate rose slightly to 2.1% in March, compared with a 2% rate inDecember 2011.
Sin a ores Purchasin Mana ers' Index PMI for A ril was 49.7 lower from 50.2 inMarch.
Japans Nikkei dipped nearly 1.5% in the holiday curtailed week primarily on trackingnegative global cues and a firm yen.
about Spain's banks after S&P's cut the ratings of 11 Spanish lending institutions.
Sentiments were also dull due to the Golden Week holiday later in the week.
Some weak domestic earnings also affected the market.
Further losses were however capped as the dollar strengthened against the yen after USmanufacturing activity figures came in better-than-expected.
Source: Crisil Weekl Market U date
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Hong Kongs Hang Seng index gained 1.7% in the week ended May 4 following positivecues from US and China.
Market soared earlier on the back of upbeat manufacturing data in the China and US that
lifted optimism about the world's two biggest economies Chinas official Purchasing Managers Index rose to 53.3 in April from 53.1 in March.
na s urc as ng anagers n ex mprove o . n pr rom . nMarch.
Gains were however restrained amid rising concerns about the European economy.
The benchmark retreated further due to weakness in Chinese developers after the biggestplayer by sales, China Vanke Co Ltd, posted a monthly sales decline.
Meanwhile, China's non-manufacturing PMI fell to 56.1 in April from 58 in March.
Source: Crisil Weekl Market U date
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Indian Futures and Options Market ReviewNifty Futures
to the spot index on May 4, 2012.
Over the week ended May 4, the Nifty spot index fell nearly 2% on reports thatIndia may review its Double Taxation Avoidance Agreement with Mauritius.
The other Nifty future contracts, viz., June contract ended at 5116 points (down111 points over the week) while the July contract ended at 5136 points (down
150 points over the week). vera , ty utures saw a wee y tra ng vo ume o s 27,568 cr ar s ng out o
11 lakhs contracts with an open interest of 203 lakhs.
Source: Crisil Weekl Market U date
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1.905280
Index
Nifty Futures (Near Month Contract) Nifty Spot Open Interest cr (Near Month Contract)
1.82
1.84
1.86
1.88
5120
5160
5200
5240
OpenInt
erestCr
NiftyFuture/Spot
Nifty Options
1.805080
27-Apr-12
28-Apr-12
30-Apr-12
2-May-12
3-May-12
4-May-12
Nifty 5300 call witnessed the highest open interest of 80 lakhs on May 4; it also witnessed thehighest increase in open interest of 24 lakhs over the week.
Nifty 5300 call also garnered the highest number of contracts over the week at around 12lakhs.
For put options, Nifty 5000 put witnessed the highest open interest of 112 lakhs on May 4; italso witnessed the highest increase in open interest of 29 lakhs over the week.
Nifty 5200 put garnered the highest number of contracts over the week at 10 lakhs.
, , ,during the week.
Source: Crisil Weekl Market U date
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Indian Futures and Options Market ReviewStock Futures and Options
NSE witnessed 16 lakh contracts in stock futures valued at Rs 42,129 cr while stock optionssaw volumes of 6 lakh contracts valued at Rs 15,057 cr during the week ended May 4, 2012.
NSE F&O Turnover Overall turnover on NSE's derivatives segment stood at Rs 3.3 lakh cr (126 lakh contracts) in
the week ended Ma 4 2012 vs. Rs 7.9 lakh cr 301 lakh contracts in the revious week.
Week Ended Turnover
Put Call ratio rose to 0.96 on May 4 from 0.67 on Apr 28.
ay , s. r. o o a
Index Futures 37,731 11.46
Index Options 234,259 71.17
Stock Futures 42,129 12.80Stock Options 15,051 4.57
Total 329,170 100.00
Put Call Ratio 0.96 (May 4) 0.67 (Apr 28)
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Indian Futures and Options Market Review
FII Segment
On May 3 (last available SEBI data), foreign institutional investors' open interest stood at Rs
57,150 cr (22 lakh contracts). The details of FII derivatives trades for the period Apr 27 May 3, 2012 are as follows: -
Week Ended
May 3, 2012
Buy Sell Buy % Sell %
No. of
contracts
Amt in Rs
Cr
No. of
contracts
Amt in Rs
Cr
No. of
contracts Amt in Rs Cr
No. of
contracts
Amt in Rs
Cr
IndexFutures
134033 3486 130906 3354 9.49 9.46 9.58 9.42
IndexOptions
1119377 29212 1067489 27899 79.23 79.29 78.11 78.32
Futures110550 2864 120950 3126 7.83 7.77 8.85 8.78
StockOptions
48805 1279 47297 1242 3.45 3.47 3.46 3.49
. . . . .
S SEBI
Source: Crisil Weekl Market U date
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The Week Ahead
07th
May 11th
May,2012
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Indian Debt Market Outlook This week, the G-Sec markets are expected to take cues from monthly industrial
roduction, G-Sec auction cut-offs, li uidit scenario, olic makers statements and lobaldevelopments.
This week, the money market rates are expected to remain range-bound. Money marketinflows of around Rs. 14,300 cr are expected as against outflows of around Rs. 37,000 cr
.
Corporate bond market is expected to take cues from G-sec market and primary issuances.
Source: RBI RMF Estimates
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The maturities of duration funds
Particulars 27-Apr-12 04-May-12 Change (bps)
10 year Gsec yield (%) 8.65 8.62 -0.03
(except for G-Sec fund and
Income fund) have decreased.The maturities of G-Sec fundhave increased on account of
Scheme Maturity (years) Change
Reliance G-sec Fund 3.66 8.53 4.87
Reliance Income fund 4.31 4.62 0.31
Reliance Short Term
deployment in long maturityasset.
The maturities of liquid schemeshave reduced durin the week.
Fund 1.66 1.58 -0.08
Reliance Dynamic Bond
Fund 3.74 3.23 -0.51
Reliance Monthly Income
Plan (MIP) 3.68 3.31 -0.37
Liquid Schemes Maturity (days) Change
Reliance Floating Rate
Fund Short Term Plan 310 291 -18.98
Reliance Money Manager
un 81 76 -5.47
Reliance Liquidity Fund 49 43 -6.30
Reliance Medium Term
Fund 212 205 -6.45
-
Treasury Plan 53 49 -4.26
Reliance Liquid Fund -
Cash Plan 42 39 -2.78
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Day Event
Monday, May 7 US Consumer Credit data, March
Euro-Zone Sentix Investor Confidence, May
,
Wednesday, May 9 US Wholesale Inventories, March
US Crude Oil Inventories, May 5 Japans Current Account Balance, March
Japans Leading Index, March
urs ay, ay ,
US Treasury Budget, April
US Export / Import Prices, April
US Initial Jobless Claims, May 5
ECBs Monthly Report, May
Bank of England Rate Decision
an o ng an sset urc ase arget, ay
UK NIESR GDP Estimate
UK Industrial Production, March
UK Visible Trade Balance, March
Chinas Trade Balance, April
Japans Eco Watchers Survey: Outlook, April
Friday, May 11 US Producer Price Index, April
University of Michigan Consumer Sentiment index, May
European Commissions Economic Growth Forecasts
UK Producer Price Index, Q1
Chinas Consumer Price Index, April
Chinas Producer Price Index, A ril
Source: Crisil Weekl Market U date
Chinas Industrial Production, April
Chinas Retail Sales, April
Indias Index of Industrial Production, March
Indias Forex Reserves, week ended May 4
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'serve as a professional guide for the readers. This document has been prepared on the
basis of publicly available information, internally developed data and other sources believed
to be reliable. The Sponsor, The Investment Manager, The Trustee or any of their respective
rectors, emp oyees, a ates or representat ves o not assume any respons ty or, or
warrant the accuracy, completeness, adequacy and reliability of such information. Whilst noaction has been solicited based upon the information provided herein, due care has been
taken to ensure that the facts are accurate and opinions given fair and reasonable. This
information is not intended to be an offer or solicitation for the purchase or sale of any
financial product or instrument. Recipients of this information should rely on information/data
arising out of their own investigations. Readers are advised to seek independent
rofessional advice and arrive at an informed investment decision before makin aninvestments. None of The Sponsor, The Investment Manager, The Trustee, their respective
directors, employees, affiliates or representatives shall be liable for any direct, indirect,
special, incidental, consequential, punitive or exemplary damages, including lost profits
.
Mutual Fund investments are subject to market risks, read all scheme
related documents carefull .
-
7/31/2019 News U Can Use 04.05.2012
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'serve as a professional guide for the readers. This document has been prepared on the
basis of publicly available information, internally developed data and other sources believed
to be reliable. The Sponsor, The Investment Manager, The Trustee or any of their respective
rectors, emp oyees, a ates or representat ves o not assume any respons ty or, or
warrant the accuracy, completeness, adequacy and reliability of such information. Whilst noaction has been solicited based upon the information provided herein, due care has been
taken to ensure that the facts are accurate and opinions given fair and reasonable. This
information is not intended to be an offer or solicitation for the purchase or sale of any
financial product or instrument. Recipients of this information should rely on information/data
arising out of their own investigations. Readers are advised to seek independent
rofessional advice and arrive at an informed investment decision before makin aninvestments. None of The Sponsor, The Investment Manager, The Trustee, their respective
directors, employees, affiliates or representatives shall be liable for any direct, indirect,
special, incidental, consequential, punitive or exemplary damages, including lost profits
.
Mutual Fund investments are subject to market risks, read all scheme
related documents carefull .
-
7/31/2019 News U Can Use 04.05.2012
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Thank ou