EUROPEAN MARKET NEWS

GLOBAL MARKET NEWS - EUROPEAN MARKET


     European stock index futures pointed to a slightly

higher open on Thursday, halting the previous session's sell-off, but gains
could be limited as concerns over Spain's ability to rescue its banking sector
continue to spook investors. 
    Data showing that German retail sales rose more than expected in April on a
monthly basis, up 0.6 percent in real terms, helped soothe worries about the
outlook for the euro zone economy, but may not be enough to eclipse mounting
concerns over Spain and Italy.  
    At 0622 GMT, futures for Euro STOXX 50, for  Germany's DAX 
and for France's CAC were up 0.2-0.4 percent. 
    The euro zone's blue chip Euro STOXX 50 index is on track to
post a monthly loss of 8.2 percent, its worst monthly performance since the
nosedive of last August, when it sank 13.8 percent.

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EUROPEAN MARKET NEWS

GLOBAL MARKET NEWS - EUROPEAN MARKETS

     European shares hit a fresh five-month low on Monday after losing more than 5 percent last week as investors remained jittery about the ability of Greece and Spain to deal with their debt problems and due to concerns about the banking sector.
At 0812 GMT, the FTSEurofirst 300 index of top European shares was down 0.5 percent at 965.86 points after falling to a low of 964.66, the lowest since December. The index fell more than 5 percent last week.

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EUROPEAN MARKET NEWS

GLOBAL MARKET NEWS - EUROPEAN MARKET

     European shares edged lower at the start of trading on Thursday, having closed down during the last three sessions, as fears over Greece and Spain continue to weigh on sentiment, traders said.
The pan-European FTSEurofirst 300 index initially rose 0.05 percent to 993.32 points but then fell back quickly into negative territory. The index was down 0.2 percent at 991.09 points by 0706 GMT
Germany's DAX was up by 0.1 percent, while France's benchmark CAC-40 index slipped by 0.1 percent.

PLUWAR'S INDEX REPORT

PLUWAR'S INDIAN MARKET REPORT on 16-May-2012

     Indian shares provisionally fell 1.8 percent after the rupee hit a record low on Wednesday and as global risk aversion weighed on investor sentiments.
Banks and auto shares were the big losers with ICICI Bank shares ending provisionally 2.4 percent down and Tata Motors shares 7.7 percent down.
India's main 30-share BSE index fell 1.81 percent to 16,032.48 points, while the 50-share NSE index lost 1.71 percent at 4,858.25 points.

CLOSING INDEX:

SENSEX:
OPEN      :16,132.68     CLOSING   : 16030.09
CHANGE: -298.16        %CHANGE: -1.83%
HIGH      : 16,132.68      LOWS        : 15,974.60

NIFTY:
OPEN      : 4,875.30       CLOSING   : 4858.25
CHANGE: -84.55           %CHANGE: -1.71%
HIGH     : 4,882.25         LOWS        : 4,837.05

NIFTY GAINER:

BPCL: 752.10

GAIN: 23.35     %GAIN: +3.20%

HIGH: 770        LOW: 728.95

NIFTY LOSSER:

TATAMOTORS: 269.00

LOSS: -21.35             %LOSS: -7.35%

HIGH: 277.05             LOW: 267.75

EUROPEAN MARKET NEWS

GLOBAL MARKET NEWS - EUROPEN MARKETS

      European stock index futures pointed to a sharply lower open on Wednesday, with major bourses set to plumb fresh 2012 lows as investors fret about a possible Greek exit from the euro zone and falling global demand for commodities.
At 0603 GMT, futures for Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE 100 were all down around 1 percent.

CURRENCY NEWS

Great amount of anxiety in Asia,
USDINR looks to set new record high

     Indian rupee recouped its early losses and ended higher against the US dollar on Tuesday soon after central bank sold hefty dollar to restrict rupee’s slide from its near record low. In addition, better than expected German and Euro-zone 1Q GDP encouraged profit booking across the board for the first time after two-straight session fall on Greece political stalemate.
At the end, local currency managed to close at 53.79/80 to the dollar, off from fresh five-month low of 54.07, its lowest level since Dec.15. It had closed at 53.96 to the dollar on Monday.
Indian rupee is set to register gap down opening around $54 against the US dollar tracking sharp overnight gains in US dollar after Greece President Karolos Papoulias announced that the country will hold new elections as talks with party leaders to form a coalition government have failed, raising concerns that the country might exit the euro zone. Soon after the news, the currencies, commodities, equities and precious metal were nosedived heavily in NY session on sparking fear of renewed Euro-zone debt turmoil.

PLUWAR'S INDEX REPORT

PLUWAR'S INDIAN MARKET REPORT on 15-May-2012

     Indian shares snapped five days of falls to gain on Tuesday as Larsen & Toubro surged after its results, while an improvement in global risk sentiment and the central bank's intervention in currency markets helped provide some stability.
Larsen & Toubro rose 5.4 percent. Recently battered blue chips also recovered, with Infosys ending up 3.3 percent, while ICICI Bank added 2 percent.
India's main 30-share BSE index rose 0.69 percent to 16,328.25 points, while the 50-share NSE index added 0.71 percent to 4,942.80 points.

CLOSING INDEX:

SENSEX:
OPEN      : 16,146.90       CLOSING   : 16328.25
CHANGE: 112.41            %CHANGE: 0.69%
HIGH       : 16,370.12       LOWS        : 16,123.04

NIFTY:
OPEN      : 4,869.85        CLOSING   : 4942.80
CHANGE: 35.00             %CHANGE: 0.71%
HIGH      : 4,955.20          LOWS        : 4,868.55

NIFTY GAINER:

LT: 1222.25

GAIN : 62.85      %GAIN: +5.42%

HIGH: 1234        LOW: 1143.25

NIFTY LOSSER:

NTPC: 143.40

LOSS: -4.10       %LOSS: -2.78%

HIGH: 147.60     LOW: 142.40

EUROPEAN MARKET NEWS

GLOBAL MARKET NEWS - EUROPEAN MARKETS

     European equities bounced up from 2 012 lows on Tuesday, lifted by surprisingly strong German economic data, but concerns about the future of the euro zone and the possibility of Greece's exit from the bloc kept investors in a cautious mood.

The FTSEurofirst 300 was up 0.5 percent at 1,009.12 points at 0703 GMT after sinking as far as 998.62 in the previous session to levels not seen since December 2011.

The Frankfurt-based DAX rose 0.7 percent after data showed German gross domestic product grew 0.5 percent in the first quarter in seasonally adjusted terms - five times as fast as expected.

CURRENCY NEWS

Risk selling extends in Asia, USDINR near record high
    
     Indian rupee plunged to its lowest level in five-months against the US dollar on Monday as risk sentiments dampened soon after headline WPI rose much faster than expected, leaving little chance for RBI to cut interest rate. In addition, the talk of Greece exiting Euro further encouraged safety demand across the globe.
Finally, it settled at 53.96 per dollar, its weakest level last seen on 15 Dec and 0.6% softer than Friday’s close of 53.64 per dollar.
Indian rupee is likely to extend its weakness to record low against the US dollar tracking broad based gains in safe harbor currencies like US dollar and Japanese Yen after Moody’s downgraded the long-term debt and deposit ratings for 26 Italian banks, citing the country's recession and rising bad debt levels. In addition, risk aversion sentiments were at centre stage as Greece political stalemate put pressure on periphery debt yield, pushing Spanish 10-year yield to 6.31% and 5-year CDS to fresh record high at 540bps.

PLUWAR'S INDEX REPORT

PLUWAR'S INDIAN MARKET REPORT as on 14-May-2012

Indian shares fall on inflation, global risk aversion

     India shares fell for a fifth session in row on Monday as higher-than-expected inflation reduced the prospects of further interest rate cuts, while a spike in global risk aversion further dented sentiment.

     Trading was also marked by an issue with the confirmation of orders in the National Stock Exchange's Nifty futures, though trading later resumed as normal

     India's main 30-share BSE index provisionally fell 0.59 percent to 16,196.41 points, also marking its lowest since Jan. 16.

CLOSING INDEX:

SENSEX:
OPEN      : 16,318.36     CLOSING  : 16215.84
HIGH       : 16,390.33     LOW          : 16,124.82
CHANGE: -77.14          %CHANGE: -0.47%

NIFTY:
OPEN       : 4,934.35     CLOSING   : 4907.80
HIGH       : 4,957.20      LOWS         : 4,874.50
CHANGE: -21.10         %CHANGE : -0.43%

NIFTY GAINER:

RANBAXY: 488.40

CHANGE: 10.60       %CHANGE: +2.22%

HIGH: 490.00           LOW: 475.75

NIFTY LOSSER:

CAIRN: 303.05

 CHANGE: -14.25     %CHANGE: -4.49%

HIGH: 320.10            LOW: 301.10

EUROPEAN MARKET NEWS

GLOBAL MARKET NEWS - EUROPEAN MARKETS

     European shares opened sharply lower on Monday as Greece's failure to form a government threatened to deepen the euro zone crisis.
Euro zone banks fell 2.4 percent after Greek political leaders failed in their latest efforts to form a ruling coalition, keeping investors on edge over the risk the country may exit the euro zon

  The FTSEurofirst 300 index was down 1.1 percent at 1,011.48 by 0711 GMT  

CURRENCY NEWS

Greece exiting Euro damapens risk sentiments
 Indian rupee weakened against the US dollar on Friday soon after industrial production contracted sharply, for the first time in five months, which heightened the risk of sluggish economic growth. In addition, losses in higher yielding currencies on Greece political stalemate and rising borrowing cost in Euro-zone also weighed on risky assts including local stocks and currency.
At the end of the day, the partially convertible ended at 53.63/64 to the dollar; down 21 paise as compared to 53.44/45 closes on Thursday.
Indian rupee is set to open lower against the US dollar in opening trade in sync with other Asian and riskier currencies as risk sentiments hurt badly in early Asian trade after Greece political leaders failed to form a coalition government, seeking investors for safety on heighted risk of Greece exiting Euro. At the same time, German Chancellor Angela Merkel's conservatives suffered a crushing defeat on Sunday in an election in Germany's most populous state, further added negative tone in Euro.

PLUWAR'S INDEX REPORT

PLUWAR'S INDIAN MARKET INDEX REPORT on 11-May-2012

      Due to weak U.S. and Asian markets Indian market started with negative points.
India's main stock index fell to its lowest since January 16 on friday after a disappointing march
factory output added to the prevailing risk a version, though some hopes for monetary easing next month provided support.
    
     At 3.30p.m Indian markets ends the weak negatively. India's main 30- shares BSE index provisionally fell 0.73% to 16,300.42 points, marking a fourth consecutive losing session.
The 50- shares NSE index provisionally lost 0.72% to 4,928.90 points.

 CLOSING INDEX:

 SENSEX:
OPEN      : 16,355.59        CLOSING  :16292.98
CHANGE: -127.07           %CHANGE: -0.77%
HIGH       : 16,447.24       LOWS         : 16,233.76

NIFTY:
OPEN      : 4,938.85         CLOSING   : 4928.90
CHANGE: -36.80             %CHANGE: -0.74%
HIGH       : 4,976.25         LOWS         : 4,906.15

NIFTY GAINER:

JPASSOCIAT: 62.85

GAIN: 2.45        %GAIN: +4.06%

HIGH: 63.40      LOW: 59.50

NIFTY LOSSER:

TATAPOWER: 92.45

LOSS: -4.75       %LOSS: -4.89%

HIGH: 97.50      LOW: 90.80

 

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EUROPEAN MARKET NEWS

GLOBAL MARKET NEWS - EUROPEAN MARKET

     European market expected to be open negatively.
European shares fell on friday as uncertainty over greece's political outlook, a huge loss from JPMorgan and mounting concerns over spain's banking sector led to a sharp deterioration in market confidence.

     European market expected to be as England's FTSE, France's CAC and German's DAX was down by 0.7%

     If European market was positive means Indian market will get recovered, If Euro market was negative means Indian market will fall sharply and ends the weak negatively.

CURRENCY NEWS

CURRENCY NEWS as on 11-May-2012

Indian rupee jumped nearly 1.5% in early trade against the US dollar on Thursday after RBI took extra-ordinary measures to boost dollar inflows into system, however persistent dollar demand by oil refiners and choppy price action in local shares erased some of its intraday gains.
In a desperate move to restrict rupee’s decline above 54 per dollar, RBI came out with yet another move to induce exporters to sell 50% of their foreign currency holding from EEFC account. Based on the report, this move will inject nearly $2.5-$3 billion into the system.
Indian rupee is likely to start session around 53.30 vs. 53.43 yesterday’s close on possibility of further long unwinding and exporter’s dollar sales after RBI came out with fresh regulation to curb dollar hoarding by exporters in EEFC account.

PLUWAR'S INDEX REPORT

PLUWAR'S INDIAN MARKET REPORT as on 10-May-2012

     Indian market open positively strong today, due to  India's central bank eased restrictions on the usage of foreign currency deposits on Wednesday, just days after its move to relax the interest rate ceiling on such deposits. The Reserve Bank of India has allowed banks to use funds from forign currency non-resident deposits as collateral against lending to related local residents.
ICICI Bnk raised foreing currency deposit rates by upto 175 basis points, effective May 8.
Even though U.S. and Asian markets are weak Indian market was trading positively strong.
At 1.30p.m. as per expectation( Earlier as European market news, on TWITTER AND FACEBOOK )
two of the European  markets open positively England's FTSE and Germany's DAX open positively but France's CAC was open negatively. But most of the Euopean markets started declined, so Indian index started fall sharply, so  some strong shares like IDFC, CAIRN get declined. At 3.30p.m. Indian markets ends Negatively.

CLOSING INDEX:

SENSEX:
OPEN     : 16,515.62      CLOSING  :16420.05
CHANGE:-59.53            %CHANGE: -0.36%
HIGH      : 16,671.81      LOWS       : 16,377.02

NIFTY:
OPEN     : 4,984.15       CLOSING  :4965.70
CHANGE: -9.10            %CHANGE: -0.18%
HIGH      : 5,039.30       LOWS       : 4,950.30

NIFTY GAINER:

CAIRN: 320.65

GAIN: 12.20      %GAIN: +3.96%

HIGH: 323.45     LOW: 308.20

NIFTY LOSSER:

MARUTI:1260.50

LOSS: -41.45      %LOSS: -3.18%

HIGH: 1306.35    LOW: 1250.90

GVK POWER AND INFRASTRUCTURE Q4 RESULT

Q4 RESULT OF GVK POWER AND INFRASTRUCTURE

     GVK POWER AND INFRASTRUCTURE Ltd has announced  their consolidated net loss of
Rs. 20.88 crore for the quarter ended march 31, 2012.

EUROPEAN MARKET NEWS

GLOBAL MARKET - EUROPEAN MARKET NEWS

     Due to strong Indian market European markets expected to be open positively.
England's FTSE, France's CAC, Germany's DAX get raise by 0.6 - 0.8%.
     European markets are still in a negative momentum, below their 50-day and
200-day moving averages. The risk is to see the indexes hitting their December
lows, about 2 to 5 percent lower depending on the indexes.
     With the weak risk-reward ratios, it's better to stay neutral and sell into
any rebounds towards the resistance levels," said the chartist, who sees the
Euro STOXX 50's next resistance levels at 2,265 points and 2,320 points

CURRENCY NEWS

INR stays volatile, Market awaits for China's trade balance

     Indian rupee posted its biggest percentage drop in nearly five-months against the US dollar on Wednesday as losses in domestic shares combined with mounting concern over Greece political stalemate encouraged investors to prefer safe haven US dollar.
By the end of the day, the partially convertible rupee lost 1.32% to settle near day’s low at 53.83 per dollar, its biggest daily percentage loss since Dec. 12. On Tuesday, It had closed at 53.14/15.
Indian rupee is likely to open slightly lower to flat against the US dollar on risk-off environment persists in Asia as the ongoing political uncertainty in Greece coupled with growing fear about Spain’s borrowing cost after 10-year yield jumped 6.09%- up 22bps on Wednesday.

PLUWAR'S INDEX REPORT

PLUWAR'S INDIAN MARKET REPORT as on 09-may-2012
  
      Index after hitting its lower since January 18, we expected Indian Index get recovering and it open with a gain of 0.1%.    
Due to weak U.S and Asian markets Indian markets open with negative points and it falls to 0.30%, at 10.45a.m. Index started raising but Index was flat, so some strong shares ITC, TCS get raises its price then share holders started buy their shares. Till 1.30p.m. Index trades up and down at 1.30p.m. European markets expected to be open positively( Earlier on EUROPEN MARKET NEWS, TWITTER AND FACE BOOK ) but England's FTSE and France's  CAC was open negatively. But German's DAX was open positively, but still Indian markets looks weak and again it started falling this it hit its day low of
SENSEX: 16422.93   NIFTY: 4956.45 some weak shares like Jpassociat, Hdil hit his day low.
At 3.30p.m. Indian market closed with negative points.

CLOSING INDEX:

SENSEX:
OPEN     : 16,436.41       CLOSING   : 16479.58
HIGH      : 16,615.74       LOWS        : 16,422.93
CHANGE: -66.60           %CHANGE : -0.40%

 NIFTY:
OPEN     : 4,967.90        CLOSING   : 4974.80
HIGH      : 5,016.25        LOWS        : 4,956.45
CHANGE: -25.15           %CHANGE: -0.50%

NIFTY GAINER:
 ITC: 239.90
Gain: 13.00     %Gain: +5.73%
High: 241        Low: 227.10

NIFTY LOSSER:
JPASSOCIAT: 60.70
Loss: -3.35      %Loss: -5.23%
High: 63.80      Low: 60.10

EUROPEAN MARKET NEWS

GLOBAL MARKET - EUROPEAN MARKET NEWS

     Today's European market expected to be open positively, Euro shares were set to gain today.
European market get recover after hitting four months closing low on previous session.
Futures for Euro STOXX 50, for Germany's DAX and for
France's CAC were up 0.6-0.8 percent, while financial spreadbetters
earlier expected Britain's FTSE 100 to open as much as 0.1 percent
higher

If European market raised sharply means closing of Indian markets expected to be positive. Closing of SENSEX: 16592 -16676   NIFTY: 5008 - 5032

CURRENCY NEWS

INR under pressure on local equities sell-off and Greece deadlock

Indian rupee snapped two-consecutive session gains and edged lower against the US dollar on Tuesday as sharp losses in domestic shares combined with heavy dollar demand by oil refiners weighed significantly on rupee. However, RBI jumped in to rescue rupee by selling dollars around 53.30 levels in afternoon trade.
At the end, Indian rupee was seen trading at 53.14/15 to the dollar, off its intraday low of 53.32 to the dollar. It had closed at 52.92 to the dollar on Monday.
Indian rupee is likely to extend its losing streak against the US dollar following weakness in Asian currencies and higher yielding currencies in the wake of uncertainty over the political deadlock in Greece. As Greece's leftist candidate for prime minister, Alexis Tsipras said they would reject austerity measures agreed under previous government, sparking fear that debt concern could flare up once again.

PLUWAR'S INDEX REPORT

PLUWAR'S INDIAN INDEX REPORT as on 08-May-2012

           Due to negative closing of U.S. markets Dow Futures(mini) and Nasdaq Futures, Indian market open negatively and
sharply fall.Even though four of the Asain market ends positively Indian markets can't get recover.
      India's benchmark index falls 0.73 percent, while the 50-share index loses 0.73 percent led by fall in tech
shares and Reliance Industries. Worries about earnings hit software services exporters,sending Tata Consultancy Services
down 5.1 percent and Infosys down 2.6 percent.
      Due to this Index fall sharply some major shares like TCS, HCLTECH, BHEL, JPASSSOCIAT fall more than 3.50%, same time
 GAIL get raise by 2.50%, Sector METALS & MINING get raise by  0.58% so COAL INDIAN get raises more than 2.50% and hold the
top gainer position.
      As per our expectation (earlier update EUROPEAN MARKET NEWS AND TWEET IN TWITTER & UPDATE IN FACEBOOK)
European markets open negatively so Indian market started falling again Sensex and Nifty hit its day low
Sensex: 16502.19   Nifty: 4983.60, then at 3.30p.m Indian markets closed negatively.

CLOSING INDEX:

SENSEX:
OPEN      : 16,915.71       CLOSING   : 16546.18
HIGH      : 16,918.31        LOWS         : 16,502.91
CHANGE:    -366.53        %CHANGE:     -2.17%

NIFTY:
OPEN      : 5,114.70        CLOSING : 4999.95
 HIGH     : 5,119.95        LOWS        : 4,983.60
CHANGE:  -114.20       %CHANGE:   -2.23%

NIFTY GAINER:
COAL INDIA: 334.70
Gain: 6.20      %Gain: 1.89%
High: 338.70      Low     : 327

NIFTY LOSSER:
JPASSOCIAT: 64.05
Loss: -5.50     %Loss: 7.91%
High: 71         Low    : 63

EUROPEAN MARKET NEWS

GLOBAL MARKET - EUROPEAN MARKET NEWS

       Todays European market expected to be open negatively, further falls sharply. So it causes Indian market Sensex  fall more than 170 - 250 points, Nifty  fall more than 35 - 90 points.

     European shares traded lower on Tuesday, pausing after a sharp rise in the previous session, with concerns about Greece growing as the country's parties struggled to form a new government.
     The FTSEurofirst 300 was down 0.3 percent to 1,031.92 points while the Euro STOXX 50 index shed 0.7 percent to 2,267.57 points.

CURRENCY NEWS

Indian rupee registered its biggest single session gains in nearly six-week against the US dollar on Monday following hefty dollar sales by RBI and exporters, while govt.’s decision to postpone their tax proposal on FII by a year further encouraged dollar selling on hope of foreign fund inflows into the Indian markets.
Finally, it settled at 52.92 per dollar, close to its session high at 52.85 per dollar and 1.1% stronger than Friday’s close of 53.48 per dollar.
Indian rupee is expected to open slightly firm to flat against the US dollar following mild recovery in Asian currencies and consolidation in other major currencies including Euro, while RBI’s intervention fear and delay in GAAR tax proposal would support INR during the day on anticipation of higher capital inflows.

PLUWAR'S INDEX REPORT

SENSEX: OPEN: 16,620.44      CLOSING: 16934.96
                 CHANGE: 103.88     %CHANGE: (0.62%)
                 HIGH: 16,944.13       LOWS: 16,513.77

NIFTY:  OPEN: 5,017.80      CLOSING: 5114.15
               CHANGE: 27.30    %CHANGE: 0.54%
               HIGH: 5,124.75      LOWS: 4,988.00

Nifty Gainer:
BHEL: 226.95   Gain: 12.90   %Gain: 6.03% 
Day High: 228.70     Low: 208.65

Nifty Losser:
CAIRN: 324.60   Loss: -8.35   %Loss: -2.5%
Day High: 325.45    Low: 315

Technical Analyst Report

Topday's Indian Market Closing Expectation
  

Today's Indian market closing expected to be around

Sensex: 16685 - 16615 Nifty : 5045 - 5016

European Market News

GLOBAL MARKET UPDATE - European Market News

     Greece's benchmark stock index fell by more than 7 percent in early morning trading on Monday, after the country's main parties failed to win enough votes to form a ruling coalition following elections on Sunday
     The Athens bourse was down 7.7 percent at 636.67 points by 0736 GMT, while the Greek banking index slumped by more than 19 percent, although early trading volumes were very thin