Markets likely to see a flat-to-positive start On this first day of new financial year 2012, the Indian markets are expected to begin on a flat to positive note owing to gains in the Asian markets.
Headlines for the day
SBI extends teaser home loan scheme by a month
Indian IT cos chase outsourcing contracts worth $20 billion
Macquarie SBI Infra invests Rs893 crore in GMR Airports
Events for the day
Monthly cement production & dispatches figures to be out
Export & import data for Feb
Monthly auto sales numbers to be out
For more events and news, log on to Sharekhan.com
STOCK TO WATCH
USD to INR
GBP to INR
Euro to INR
JYP to INR
Markets have been on a gaining momentum for eight successive days. On this first day of new financial year 2012, the markets are likely to extend gains. The start is expected to be on a flat to positive note as Asian cues seem to be quiet supportive.
The undertone of the markets looks good, but the rising crude oil prices may lead for a cautious trade.
It is an event packed day, as India's monthly auto sales numbers and cement production & dispatches figures will be out from today, which may provide some direction to the markets. This will lead to some action in the auto and cement stocks. Also, India's export & import data for the month of February 2011 will be announced today.
As on 31-03-2011
*As on 30-03-2011
Daily trend of FII/MF investment in equities
The FIIs have bought Indian stocks worth a net of Rs1,043.50 crore on March 31, 2011 as compared to the net buy of Rs1,500.30 crore on March 30, 2011. The domestic investors have sold Indian shares worth a net of Rs249.30 crore on March 30, 2011.
The European markets fell on Thursday (March 31, 2011), halting an almost uninterrupted two-week rise as renewed fears over Portugal's debt crisis prompted investors to book profits on the last session of the quarter.
The US markets were little changed on Thursday as a middling reading on jobless claims failed to dent expectations about Friday's US payrolls report for March as the quarter quietly draws to a close.
Majority of the Asian markets were trading higher. However, the Tokyo market remained under pressure amid continued uncertainty about the outlook for corporates in the aftermath of last month's earthquake. SGX Nifty was trading 5.5 points higher.
Crude oil prices jumped to their highest close in 2-1/2 years on Thursday in thin end-of-quarter trading that left Brent near a record quarterly rise of more than $22 as Libya's conflict and Middle East unrest kept supply threats in focus and US economic data added lift.
?This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (?SHAREKHAN and affiliates?) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.?