gold prices forecast in india september 2011 ; As the prices of gold continue the volatility after last two weeks of rally when it increased anywhere between 1% to 2% per day, analysts say the yellow metal is in a very critical stage now. Analysts are still upbeat that gold could touch Rs 30,000 per 10 grams within two months,
when the festive season in India would trigger gold purchase. However, they also point out that a lot would depend on how the international events, involving the European Central Bank (ECB) and its help extended to PIGS (Portugal, Italy, Greece and Spain), unfold.
The investors are also monitoring the US monetary policy. The policy too could trigger investors to exit or enter gold futures depending on what comes out of it.
The price of gold futures on Friday touched Rs 26,655 per 10 grams for October futures at MCX. The price of the October futures had fallen to a two week low of Rs 26,451 on Thursday triggering a point of view that the rally in gold was over.
Analysts are, however; unanimous is predicting that there could be slight corrections in next week up to Rs 500.
"There is no bubble in gold as the fundamentals remain strong for the metal. India, which is the biggest buyer of jewellery in the world, would see a huge demand and prices could touch Rs 30,000 per 10 grams within next two months," said Hitesh Jain, Commodity Analyst at IIFL.
But analysts are also keeping a tab on international events and say that if the situation in Europe and US improve then investors would move away from gold to riskier investments.
"If the PIGS are bailed out and US recovery looks plausible post the monitory policy then you would see that investors would move towards riskier investments like equities or sovereign bonds after exiting gold. And presuming this happens, then prices of gold could touch Rs 24,000 per 10 grams," said Atul Shah, Head Commodities, Emkay Global Financial Services.
Industry experts say that the rally gold witnessed in the past two weeks was unsustainable and that a minor correction was always expected. Also after CME Group (a global derivative platform) raised the margin requirements on gold trading at its Comex unit for the second time in October increasing selling pressure on investors. The minimum cash deposit for borrowing from brokers to trade gold future was raised by 27%.
"There is also speculation that margins in India could go up too, which would affect the investors. But in India, physical demand is strong," added Shah. For those who have missed out on gold rally next week could be interesting as there would be an opportunity to enter the market, say analysts.
Showing posts with label Indian stock market. Show all posts
Showing posts with label Indian stock market. Show all posts
Friday, August 26, 2011
Monday, August 22, 2011
Gold and silver futures trading in MCX august 22 2011
Gold and silver futures trading in MCX august 22 2011 : At the Multi Commodity Exchange (MCX), gold for delivery in December surged Rs. 1,408 or 0.2% to hit a record of Rs. 28,347 per 10 grams with a business turnover of 279 lots.
Gold and silver futures trading in India scaled new all-time peaks on Monday, tracking relentless rally in international prices of the two precious metals amid no sign of relief on the macro-economic front.
Falling value of the rupee, which plays a major role in determining the landed cost of the dollar-denominated gold, also had an impact on gold prices.
At the Multi Commodity Exchange (MCX), gold for delivery in December surged Rs. 1,408 or 0.2% to hit a record of Rs. 28,347 per 10 grams with a business turnover of 279 lots.
The yellow metal for October settlement rose Rs. 70 or 0.18% to Rs. 28,024 per 10 grams with a turnover of 5,990 lots.
Meanwhile, silver prices on the MCX rose by Rs. 364, or 0.55% to Rs. 66,625 per kg with a business turnover of 12,099 lots.
The white metal for December delivery gained Rs. 349 or 0.37% to Rs. 68,050 per kg with a trade turnover of 76 lots.
Gold and silver futures trading in India scaled new all-time peaks on Monday, tracking relentless rally in international prices of the two precious metals amid no sign of relief on the macro-economic front.
Falling value of the rupee, which plays a major role in determining the landed cost of the dollar-denominated gold, also had an impact on gold prices.
At the Multi Commodity Exchange (MCX), gold for delivery in December surged Rs. 1,408 or 0.2% to hit a record of Rs. 28,347 per 10 grams with a business turnover of 279 lots.
The yellow metal for October settlement rose Rs. 70 or 0.18% to Rs. 28,024 per 10 grams with a turnover of 5,990 lots.
Meanwhile, silver prices on the MCX rose by Rs. 364, or 0.55% to Rs. 66,625 per kg with a business turnover of 12,099 lots.
The white metal for December delivery gained Rs. 349 or 0.37% to Rs. 68,050 per kg with a trade turnover of 76 lots.
Friday, August 19, 2011
indian stock market closed august 19 2011
indian stock market closed august 19 2011 ; Mayhem in global stock markets amid fears of recession in major economies pulled down the BSE Sensex to below 16k level after nearly 15 months on sustained pull-out by foreign funds, although it recovered a little to close at 16,141.67, still down by 328 points.
The meltdown in stock markets has wiped off more than Rs 2 lakh crore of investor wealth in just two days.
Concerns over euro-zone debt troubles and their impact on banks, weak economic data in the US and other parts of the world and reports that America and Europe were dangerously close to recession battered investor sentiment globally.
This scenario, coupled with high inflation and rising interest rates back home, hit Indian equities hard.
Against this backdrop, Finance Minister Pranab Mukherjee discussed macro-economic situation with RBI Governor D Subbarao and Prime Minister's Economic Advisory Council Chairman C Rangarajan.
"As the advanced economies grapple with their problems, India is better positioned than most other nations to meet its problems," the Finance Ministry said in a statement.
Barring realty, which had been beaten down recently, all other 12 sectoral indices ended down between 4.41 per cent and 0.39 per cent.
The Bombay Stock Exchange 30-share index, Sensex, resumed lower and remained in the negative terrain throughout the day and closed at 16,141.67, down 328.12 points or 1.99 per cent, over its 371 points or 2.20 per cent loss yesterday.
It logged a low of 15,987.77 -- level not seen since May 25, 2010 when it had touched 15,960.15.
Similarly, the NSE 50-issue Nifty slumped 98.50 points or 1.99 per cent to 4,845.65. It registered a low of 4,796.10 during intra-day trade.
"Worsening global cues have spoilt investor sentiment. Rate hike fears have also rattled investors. In the near-term, global cues will dictate the market trend. However, one can see some technical bounce back after such huge fall," said Geojit BNP Paribas Research Head Alex Mathews.
According to reports yesterday, Morgan Stanley warned that the US and Europe are dangerously close to recession amid a rise in jobless claims in America, igniting fresh fears of turmoil in the world economy. Morgan Stanley also cut its global GDP growth rate, which upset the overall sentiment.
Asian stocks closed sharply lower, with key indices from China, Hong Kong, Japan, Singapore, South Korea and Taiwan losing between 0.98 per cent and 6.22 per cent.
The Dow Jones Industrial Average and the Nasdaq Composite Index crashed by 3.68 per cent and 5.22 per cent yesterday.
European markets too showed a sharply lower trend in this afternoon. The CAC was down by 2.92 per cent, the DAX by 2.79 per cent and the FTSE by 2.08 per cent.
Back home, FIIs remained net sellers and pulled out Rs 488.67 crore yesterday as per provisional data. Between August 12 and 17, in three sessions, they have withdrawn over Rs 1,000 crore.
The IT index suffered a heavy blow after the downslide in their ADRs as the Wall Street yesterday recorded its biggest drop since US downgrade. Capital goods, teck, banking and consumer durable stocks too attracted heavy profit-booking.
In all, 21 of the 30 index-scrips closed with gains, while others ended with losses.
Infosys tumbled 5.79 per cent and was the top loser from the Sensex pack, followed by Tata Motors (5.28 pc), L&T (4.95 pc), BHEL (4.63 pc), ICICI Bank (3.65 pc), TCS (3.36 pc), Sterlite Ind (2.53 pc), Sun Pharma (2.29 pc), Wipro (2.29 pc), ITC (2.21 pc), Bharti (2.11 pc), Jindal Steel (1.98 pc), SBI (1.81 pc) and RIL (1.18 pc).
Intra-day, Cipla, Hindalco, ICICI Bank, Infosys, Jindal Steel, RIL, SBI, Sterlite Ind, Tata Motor, Tata Power, Tata Steel and Wipro touched 52-week lows.
Similarly, among sectoral indices and investment segments such as BSE-Midcap, Smallcap, Metals, Oil & Gas, PSU, Power, Bankex, Capital Goods, IT, BSE-200, BSE-200, BSE-500, Dollex-30, Dollex-100, Dollex-200, registered new 52-week lows during the intra-day trade.
The total market breadth at BSE remained negative as 2,083 stocks ended in the red, while 773 finished in the green. The total turnover rose to Rs 2,763.78 crore from Rs 2,241.64 crore yesterday
The meltdown in stock markets has wiped off more than Rs 2 lakh crore of investor wealth in just two days.
Concerns over euro-zone debt troubles and their impact on banks, weak economic data in the US and other parts of the world and reports that America and Europe were dangerously close to recession battered investor sentiment globally.
This scenario, coupled with high inflation and rising interest rates back home, hit Indian equities hard.
Against this backdrop, Finance Minister Pranab Mukherjee discussed macro-economic situation with RBI Governor D Subbarao and Prime Minister's Economic Advisory Council Chairman C Rangarajan.
"As the advanced economies grapple with their problems, India is better positioned than most other nations to meet its problems," the Finance Ministry said in a statement.
Barring realty, which had been beaten down recently, all other 12 sectoral indices ended down between 4.41 per cent and 0.39 per cent.
The Bombay Stock Exchange 30-share index, Sensex, resumed lower and remained in the negative terrain throughout the day and closed at 16,141.67, down 328.12 points or 1.99 per cent, over its 371 points or 2.20 per cent loss yesterday.
It logged a low of 15,987.77 -- level not seen since May 25, 2010 when it had touched 15,960.15.
Similarly, the NSE 50-issue Nifty slumped 98.50 points or 1.99 per cent to 4,845.65. It registered a low of 4,796.10 during intra-day trade.
"Worsening global cues have spoilt investor sentiment. Rate hike fears have also rattled investors. In the near-term, global cues will dictate the market trend. However, one can see some technical bounce back after such huge fall," said Geojit BNP Paribas Research Head Alex Mathews.
According to reports yesterday, Morgan Stanley warned that the US and Europe are dangerously close to recession amid a rise in jobless claims in America, igniting fresh fears of turmoil in the world economy. Morgan Stanley also cut its global GDP growth rate, which upset the overall sentiment.
Asian stocks closed sharply lower, with key indices from China, Hong Kong, Japan, Singapore, South Korea and Taiwan losing between 0.98 per cent and 6.22 per cent.
The Dow Jones Industrial Average and the Nasdaq Composite Index crashed by 3.68 per cent and 5.22 per cent yesterday.
European markets too showed a sharply lower trend in this afternoon. The CAC was down by 2.92 per cent, the DAX by 2.79 per cent and the FTSE by 2.08 per cent.
Back home, FIIs remained net sellers and pulled out Rs 488.67 crore yesterday as per provisional data. Between August 12 and 17, in three sessions, they have withdrawn over Rs 1,000 crore.
The IT index suffered a heavy blow after the downslide in their ADRs as the Wall Street yesterday recorded its biggest drop since US downgrade. Capital goods, teck, banking and consumer durable stocks too attracted heavy profit-booking.
In all, 21 of the 30 index-scrips closed with gains, while others ended with losses.
Infosys tumbled 5.79 per cent and was the top loser from the Sensex pack, followed by Tata Motors (5.28 pc), L&T (4.95 pc), BHEL (4.63 pc), ICICI Bank (3.65 pc), TCS (3.36 pc), Sterlite Ind (2.53 pc), Sun Pharma (2.29 pc), Wipro (2.29 pc), ITC (2.21 pc), Bharti (2.11 pc), Jindal Steel (1.98 pc), SBI (1.81 pc) and RIL (1.18 pc).
Intra-day, Cipla, Hindalco, ICICI Bank, Infosys, Jindal Steel, RIL, SBI, Sterlite Ind, Tata Motor, Tata Power, Tata Steel and Wipro touched 52-week lows.
Similarly, among sectoral indices and investment segments such as BSE-Midcap, Smallcap, Metals, Oil & Gas, PSU, Power, Bankex, Capital Goods, IT, BSE-200, BSE-200, BSE-500, Dollex-30, Dollex-100, Dollex-200, registered new 52-week lows during the intra-day trade.
The total market breadth at BSE remained negative as 2,083 stocks ended in the red, while 773 finished in the green. The total turnover rose to Rs 2,763.78 crore from Rs 2,241.64 crore yesterday
Wednesday, July 27, 2011
Canara Bank net profit drops Q1 2011
Canara Bank net profit drops Q1 2011 : Public sector lender Canara Bank today posted 28 per cent decline in net profit The lender had posted a net profit of Rs 1,013.3 crore for the corresponding quarter last fiscal, Canara Bank said in a filing to the Bombay Stock Exchange (BSE).
However, total income of the bank increased by 31 per cent during the period to Rs 7,707.5 crore from Rs 5,894.8 crore in the corresponding year-ago period.
The interest income of the bank rose to Rs 7,180.7 crore during the reporting quarter from Rs 5,160.8 crore in the first quarter of the previous fiscal.
Bangalore-based bank's gross non-performing assets (NPAs) rose to 1.67 per cent during the quarter ended June 30 from 1.46 per cent in the same quarter a year ago.
However, total income of the bank increased by 31 per cent during the period to Rs 7,707.5 crore from Rs 5,894.8 crore in the corresponding year-ago period.
The interest income of the bank rose to Rs 7,180.7 crore during the reporting quarter from Rs 5,160.8 crore in the first quarter of the previous fiscal.
Bangalore-based bank's gross non-performing assets (NPAs) rose to 1.67 per cent during the quarter ended June 30 from 1.46 per cent in the same quarter a year ago.
Tuesday, July 26, 2011
Dhaka Stock Exchange General (DGEN) july 26 2011
Dhaka Stock Exchange General (DGEN) july 26 2011 : Stock markets witnessed significant fall in the prices of most issues for the second consecutive day Tuesday. The Dhaka Stock Exchange General (DGEN) index plunged 54 points to reach the lowest value of 6,634 five minutes before closing.With the day's peak at 6,732 points, the DGEN showed favourable signs since opening earlier in the morning till around noon. It kept plunging over the remaining trading hours.
The index lost 0.81 percent from the previous day's closing value of 6,696 points, to fall to 6,642 points. Total trade equalled 2,94,833 and trade value was Tk 1,680.7 crore.
Of the issues traded, 86 advanced, 171 declined and seven remained unchanged.
dhaka stock exchange july 26 2011 trading, DGEN shares prices july 26 2011, DGEN stock prices today,
Monday, July 25, 2011
Gold price in Karachi commodity market july 25 2011
Gold price in Karachi commodity market july 25 2011 ; Gold price has reached new a height in local markets after the commodity hit a record in international markets, In international market, the price of gold increased by 21 dollars to 1621.
This affected the rate of gold in the local markets and in Karachi the commodity recorded a rise of Rs400 per tola to set a new record at Rs51800.
In Punjab the gold price advanced by Rs500 per tola to Rs51900.
Gold prices in Punhab Per tola july 25 2011, Gold prices in Karachi pertola 25 2011, gold rate in Punjab, Gold Rate in Karachi today per tola.
This affected the rate of gold in the local markets and in Karachi the commodity recorded a rise of Rs400 per tola to set a new record at Rs51800.
In Punjab the gold price advanced by Rs500 per tola to Rs51900.
Gold prices in Punhab Per tola july 25 2011, Gold prices in Karachi pertola 25 2011, gold rate in Punjab, Gold Rate in Karachi today per tola.
Saturday, July 23, 2011
State Bank of Hyderabad (SBH) Net Profit first quarter ended June 30 2011
State Bank of Hyderabad (SBH) Net Profit first quarter ended June 30 2011 : Public sector lender State Bank of Hyderabad (SBH) today reported a net profit of Rs 284 crore for the first quarter ended June 30, up 41.1% over the same period last fiscal.
The net interest income (NII) grew by 15.23% to Rs 713.49 crore during the quarter as compared to Rs 619.17 crore during the first quarter of 2010-11,
Deposits increased to Rs 92,616 crore in the April-June period, clocking a growth of 16.30% over the last year. Advances rose Rs 66,226 crore, up 21.53%.
Per-employee business increased to Rs 11.54 crore from Rs 9.82 crore as on June, 2010, a growth of over 17%, the lender said. Business per branch grew to Rs 119 crore from Rs 110 crore in the first quarter of FY11.
The SBH's branch network increased to 1,324 with the opening of 130 new ones during the last fiscal year. Another 150 branches are planned for the current financial year together with around 80 in un-banked centres, which will be furthering financial inclusion.
Over 4,000 officers and clerical staff are under the process of recruitment to take care not only of current needs but to be groomed for assuming greater responsibilities in the coming years
The net interest income (NII) grew by 15.23% to Rs 713.49 crore during the quarter as compared to Rs 619.17 crore during the first quarter of 2010-11,
Deposits increased to Rs 92,616 crore in the April-June period, clocking a growth of 16.30% over the last year. Advances rose Rs 66,226 crore, up 21.53%.
Per-employee business increased to Rs 11.54 crore from Rs 9.82 crore as on June, 2010, a growth of over 17%, the lender said. Business per branch grew to Rs 119 crore from Rs 110 crore in the first quarter of FY11.
The SBH's branch network increased to 1,324 with the opening of 130 new ones during the last fiscal year. Another 150 branches are planned for the current financial year together with around 80 in un-banked centres, which will be furthering financial inclusion.
Over 4,000 officers and clerical staff are under the process of recruitment to take care not only of current needs but to be groomed for assuming greater responsibilities in the coming years
Friday, July 15, 2011
TTK Prestige Q1 net profit june 2011
TTK Prestige Q1 net profit june 2011 ; Kitchenware maker TTK Prestige today posted a 58 per cent increase in its net profit of Rs 25.34 crore for the quarter ended June 30, 2011 as against the same period last fiscal.
The company had a net profit of Rs 16.03 crore in the quarter ended June 30, 2010, TTK Prestige said in a filing to the Bombay Stock Exchange (BSE).
During the quarter under review, the company's net sales increased by 60.39 percent to Rs 233.14 crore. In the corresponding quarter last fiscal, it had a net sales of Rs 145.35 crore.
In the year-ended March 30, 2011, the firm reported a net profit of Rs 83.75 crore while it had a net sales of Rs 763.57 crore.
Shares of TTK Prestige closed at Rs 2,794.65 on the BSE , up 1.35 per cent from the previous close.
The company had a net profit of Rs 16.03 crore in the quarter ended June 30, 2010, TTK Prestige said in a filing to the Bombay Stock Exchange (BSE).
During the quarter under review, the company's net sales increased by 60.39 percent to Rs 233.14 crore. In the corresponding quarter last fiscal, it had a net sales of Rs 145.35 crore.
In the year-ended March 30, 2011, the firm reported a net profit of Rs 83.75 crore while it had a net sales of Rs 763.57 crore.
Shares of TTK Prestige closed at Rs 2,794.65 on the BSE , up 1.35 per cent from the previous close.
Nifty, Bank Nifty Futures Prediction july 18 2011
Nifty, Bank Nifty Futures Prediction july 18 2011 : The Nifty lost 1.4% during the week. S&P CNX Nifty pack, 17 scrips advanced while 32 scrips declined. S&P CNX Nifty today opened at 5603 and made high of 5632 in the initial half hour but was not able to sustain and slide 69 points from its days high making low of 5563. Markets were trading in the red, albeit off the day's low. The Nifty after moving in the green in the early session, slipped into the red on weakness in auto and metal stocks. The S&P CNX Nifty is at 5,581.10 - down 18.70 points.
The Nifty futures closed and settled finally at 5591.25 down by 9 points or -0.16 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5670 else above resistance level of 5670 it would be in an upward trend.
Resistance and Support Levels for Monday july 18 2011
It has resistance close to the level of 5670 & above this level the next resistance is near the 5760 mark. It has support close to the level of 5440 & below this level the next support is near 5440 mark.
Bank Nifty Futures:
Today bank nifty futures not performed well and CNX Bank Index lost -29.25 points or -0.26 %. Amongst the banking index stocks Oriental Bank of Commerce, Canara Bank and Union Bank of India lead the row.
Bank Nifty Futures shut stop at 11252 down by -9 points or -0.16 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 11200 else above resistance level of 11405 it would be in an upward trend.
Resistance and Support Levels for Monday july 18 2011
It has resistance close to the level of 11405 above this level the next resistance is near to the level of 11500. It has support close to the level of 11200 & below this level the next support is near 11080 marks. (source stock-intraday-tips.blogspot.com )
The Nifty futures closed and settled finally at 5591.25 down by 9 points or -0.16 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5670 else above resistance level of 5670 it would be in an upward trend.
Resistance and Support Levels for Monday july 18 2011
It has resistance close to the level of 5670 & above this level the next resistance is near the 5760 mark. It has support close to the level of 5440 & below this level the next support is near 5440 mark.
Bank Nifty Futures:
Today bank nifty futures not performed well and CNX Bank Index lost -29.25 points or -0.26 %. Amongst the banking index stocks Oriental Bank of Commerce, Canara Bank and Union Bank of India lead the row.
Bank Nifty Futures shut stop at 11252 down by -9 points or -0.16 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 11200 else above resistance level of 11405 it would be in an upward trend.
Resistance and Support Levels for Monday july 18 2011
It has resistance close to the level of 11405 above this level the next resistance is near to the level of 11500. It has support close to the level of 11200 & below this level the next support is near 11080 marks. (source stock-intraday-tips.blogspot.com )
Thursday, July 14, 2011
Development Credit Bank (DCB Bank) net profit june 2011
Development Credit Bank (DCB Bank) net profit june 2011 : Thrissur-based South Indian Bank (SIB) has registered its highest ever quarterly net profit of Rs 82.49 crore for the three months ended June, clocking a growth of 41.15 per cent over the year-ago period. The bank had posted a net profit of Rs 58.44 crore in the April-June quarter last year.
SIB's business has increased by Rs 13,556 crore from Rs 40,217 crore to Rs 53,733 crore on year-to-year basis, a growth of 33.71 per cent, the bank's CEO and Managing Director V A Joseph said while announcing the first quarter results.
While deposits went up by 35.54 per cent to Rs 31,662 crore from Rs 23,331 crore (y-o-y) during the quarter, advances increased by 31.18 per cent from Rs 16,886 crore last year to Rs 22,151 crore.
Low-cost, or CASA (current account saving account), deposits increased from Rs 5,852 crore to Rs 6,789 crore, registering a growth of 16.02 per cent, he said.
The bank earned a total income of Rs 820.34 crore during the quarter as against Rs 581.78 crore last year, a growth of 41.01 per cent. It maintained the net interest margin (NIM) at the same level of 2.8 per cent as in the first quarter of June, 2010-11, he added.
The bank planned to raise Rs 1,000 crore through QIP (Qualified Institutional Placement), which will be completed by September this year. Joseph said the bank planned to open 57 more branches in the current fiscal to take the total number of branches to 700.
DCB Highlights:
As on June 30, 2011, the Balance Sheet was at Rs. 76,220 million as against Rs. 63,733 million as on June 30, 2010, a growth rate of 20%.
Retail Deposits (Retail CASA and Retail Term Deposits) continued to show positive movement. Retail Deposits were at 82% of Total Deposits as on June 30, 2011 as against 80% as on June 30, 2010.
CASA ratio as on June 30, 2011stands at 33.3% as against 36.0% as on June 30, 2010.
Net Advances grew to Rs. 42,344 million as on June 30, 2011 from Rs. 34,788 million as on June 30, 2010, a growth rate of 22%.
Net Interest Margin stood at 3.10% for Q1 FY 2012 as against 3.12% for Q1 FY 2011.
Capital Adequacy Ratio (CAR) was at 12.92% as on June 30, 2011 with Tier I at 11.12% and Tier II at 1.85% under Basel II.
Provisions continue to decline. For Q1 FY 2012 it is substantially reduced to Rs.77 million as against Rs.255 million in Q1 FY 2011.
DCB Bank has opened its branches at Mandvi and Netrang in Gujarat. Total Branches network - 82 as well as 138 ATMs.
Shares of the company gained Rs 1, or 1.55%, to settle at Rs 65.50. The total volume of shares traded was 2,343,602 at the BSE (Thursday).
SIB's business has increased by Rs 13,556 crore from Rs 40,217 crore to Rs 53,733 crore on year-to-year basis, a growth of 33.71 per cent, the bank's CEO and Managing Director V A Joseph said while announcing the first quarter results.
While deposits went up by 35.54 per cent to Rs 31,662 crore from Rs 23,331 crore (y-o-y) during the quarter, advances increased by 31.18 per cent from Rs 16,886 crore last year to Rs 22,151 crore.
Low-cost, or CASA (current account saving account), deposits increased from Rs 5,852 crore to Rs 6,789 crore, registering a growth of 16.02 per cent, he said.
The bank earned a total income of Rs 820.34 crore during the quarter as against Rs 581.78 crore last year, a growth of 41.01 per cent. It maintained the net interest margin (NIM) at the same level of 2.8 per cent as in the first quarter of June, 2010-11, he added.
The bank planned to raise Rs 1,000 crore through QIP (Qualified Institutional Placement), which will be completed by September this year. Joseph said the bank planned to open 57 more branches in the current fiscal to take the total number of branches to 700.
DCB Highlights:
As on June 30, 2011, the Balance Sheet was at Rs. 76,220 million as against Rs. 63,733 million as on June 30, 2010, a growth rate of 20%.
Retail Deposits (Retail CASA and Retail Term Deposits) continued to show positive movement. Retail Deposits were at 82% of Total Deposits as on June 30, 2011 as against 80% as on June 30, 2010.
CASA ratio as on June 30, 2011stands at 33.3% as against 36.0% as on June 30, 2010.
Net Advances grew to Rs. 42,344 million as on June 30, 2011 from Rs. 34,788 million as on June 30, 2010, a growth rate of 22%.
Net Interest Margin stood at 3.10% for Q1 FY 2012 as against 3.12% for Q1 FY 2011.
Capital Adequacy Ratio (CAR) was at 12.92% as on June 30, 2011 with Tier I at 11.12% and Tier II at 1.85% under Basel II.
Provisions continue to decline. For Q1 FY 2012 it is substantially reduced to Rs.77 million as against Rs.255 million in Q1 FY 2011.
DCB Bank has opened its branches at Mandvi and Netrang in Gujarat. Total Branches network - 82 as well as 138 ATMs.
Shares of the company gained Rs 1, or 1.55%, to settle at Rs 65.50. The total volume of shares traded was 2,343,602 at the BSE (Thursday).
Tata Consultancy Services (TCS) net profit june 2011
Tata Consultancy Services (TCS) net profit june 2011 : Tata Consultancy Services (TCS) has reported net profit of Rs 2,380 crore in the quarter ended June 2011, which was better than expectations. CNBC-TV18 poll was expecting the net profit at Rs 2,240 crore as against Rs 2,380.9 crore in previous quarter, as per International Financial Reporting Standards.Revenues increased just 6.3% in the June quarter at Rs 10,797 crore from Rs 10,157.5 crore in earlier quarter while the poll expected at Rs 10,674 crore.
Tata Consultancy Services (TCS) touched a 52-week high of Rs 1,350.30. At 09:23 hrs the share was quoting at Rs 1,162.80, up Rs 37.55, or 3.34%.
| Share Price Movement During The Last 12 Months | ||||
| Period | Price | Latest Price | Gain/Loss (Rs.) | % Gain/Loss |
| 3-Days | 1146.75 | 1162.80 | 16.05 | 1.40 |
| 5-Days | 1171.50 | 1162.80 | -8.70 | -0.74 |
| 7-Days | 1196.00 | 1162.80 | -33.20 | -2.78 |
| 15-Days | 1169.60 | 1162.80 | -6.80 | -0.58 |
| 1-Month | 1188.75 | 1162.80 | -25.95 | -2.18 |
| 3-Month | 1190.55 | 1162.80 | -27.75 | -2.33 |
| 6-Month | 1118.70 | 1162.80 | 44.10 | 3.94 |
| 9-Month | 985.70 | 1162.80 | 177.10 | 17.97 |
| 1-Year | 774.65 | 1162.80 | 388.15 | 50.11 |
It was trading with volumes of 12,078 shares. In the previous trading session, the share closed down 2.23% or Rs 25.65 at Rs 1,125.25. CLSA has maintained underperform rating with a target of Rs 1,100 per share, reports CNBC-TV18.
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Wednesday, July 13, 2011
Indian stock market july 14 july 2011, Infosys is down
Indian stock market july 14 july 2011 : The Indian market is subdued in early trading on Thursday in the wake of Wednesday's bomb blasts in Mumbai. Besides, most Asian stocks are edging lower this morning after Moody's threatened to cut the United States' triple-A debt rating for the government's failure to raise its debt ceiling. Investors are also worried about the negative fallout from the euro zone debt crisis.
Reliance Industries is down 0.6 percent after the energy giant reportedly denied that it was in talks to buy a stake in unlisted mobile phone operator Aircel. TCS is declining 0.6 percent and Bajaj Auto is posting a modest 0.3 percent loss ahead of their quarterly results today.
Infosys is down 1.7 percent, Mahindra & Mahindra is declining 1.5 percent, ONGC is losing 1.3 percent and Tata Power is moving down 1.1 percent. Reliance Communication, NTPC, BHEL, Larsen & Toubro and HDFC are the other prominent decliners in the Sensex pack.
The benchmark 30-share Sensex is currently trading near the day's low at 18,472, down 124 points or 0.66 percent, while the broader Nifty index is falling by 37 points or 0.67 percent to 5,548. The BSE mid-cap and small-cap indexes are down around 0.2 percent each and the market breadth remains fairly negative, with declining shares outpacing gaining ones by 931 to 715 shares on the BSE.
NIIT Technologies is tumbling more than 4 percent after the IT firm announced a strategic partnership with U.S.-based media company Morris Communications to strengthen its foothold in the media sector.
Compact Disc India is down 5.7 percent after it decided not to proceed with the delisting process of the company amid the ongoing legal dispute with HSBC Bank. SKS Microfinance is tumbling 10 percent on profit taking, extending declines for a second consecutive day, following recent sharp gains. Sundaram Finance is rising 1.6 percent after it proposed to raise up to Rs.2,000 crore this year via a debt issue. Shipping Corporation of India is up 0.2 percent after it took delivery of a Supramax Bulk carrier. Sun Pharma Advanced Research Company is adding 0.7 percent ahead of a board meet today to consider a rights issue.
Pantaloon Retail is gaining half a percent and Shoppers Stop is up 0.3 percent ahead of a meeting of a committee of secretaries next week to consider finalizing the amount of foreign direct investment in the multi-brand retail sector.
Bajaj Finserv is climbing 4.1 percent after its quarterly consolidated net profit for the period ended June almost doubled to Rs.129 crore from Rs.66 crore a year ago. Bajaj Finance is rallying 3.5 percent after it received board approval to issue 60 lakh warrants on a preferential basis to its promoter, Bajaj Finserv.
Oriental Bank of Commerce is rising modestly while IDBI Bank is losing a percent after they raised their deposit rates by up to 50 basis points across select maturities. State-run SAIL is losing 0.8 percent after Union Steel Minister Beni Prasad Verma pulled up the company for delaying its capacity expansion program.
The benchmark indexes Sensex and the Nifty rose about a percent each on Wednesday, snapping three days of losses, as investors bought battered bluechip stocks amid firm global cues.
Reliance Industries is down 0.6 percent after the energy giant reportedly denied that it was in talks to buy a stake in unlisted mobile phone operator Aircel. TCS is declining 0.6 percent and Bajaj Auto is posting a modest 0.3 percent loss ahead of their quarterly results today.
Infosys is down 1.7 percent, Mahindra & Mahindra is declining 1.5 percent, ONGC is losing 1.3 percent and Tata Power is moving down 1.1 percent. Reliance Communication, NTPC, BHEL, Larsen & Toubro and HDFC are the other prominent decliners in the Sensex pack.
The benchmark 30-share Sensex is currently trading near the day's low at 18,472, down 124 points or 0.66 percent, while the broader Nifty index is falling by 37 points or 0.67 percent to 5,548. The BSE mid-cap and small-cap indexes are down around 0.2 percent each and the market breadth remains fairly negative, with declining shares outpacing gaining ones by 931 to 715 shares on the BSE.
NIIT Technologies is tumbling more than 4 percent after the IT firm announced a strategic partnership with U.S.-based media company Morris Communications to strengthen its foothold in the media sector.
Compact Disc India is down 5.7 percent after it decided not to proceed with the delisting process of the company amid the ongoing legal dispute with HSBC Bank. SKS Microfinance is tumbling 10 percent on profit taking, extending declines for a second consecutive day, following recent sharp gains. Sundaram Finance is rising 1.6 percent after it proposed to raise up to Rs.2,000 crore this year via a debt issue. Shipping Corporation of India is up 0.2 percent after it took delivery of a Supramax Bulk carrier. Sun Pharma Advanced Research Company is adding 0.7 percent ahead of a board meet today to consider a rights issue.
Pantaloon Retail is gaining half a percent and Shoppers Stop is up 0.3 percent ahead of a meeting of a committee of secretaries next week to consider finalizing the amount of foreign direct investment in the multi-brand retail sector.
Bajaj Finserv is climbing 4.1 percent after its quarterly consolidated net profit for the period ended June almost doubled to Rs.129 crore from Rs.66 crore a year ago. Bajaj Finance is rallying 3.5 percent after it received board approval to issue 60 lakh warrants on a preferential basis to its promoter, Bajaj Finserv.
Oriental Bank of Commerce is rising modestly while IDBI Bank is losing a percent after they raised their deposit rates by up to 50 basis points across select maturities. State-run SAIL is losing 0.8 percent after Union Steel Minister Beni Prasad Verma pulled up the company for delaying its capacity expansion program.
The benchmark indexes Sensex and the Nifty rose about a percent each on Wednesday, snapping three days of losses, as investors bought battered bluechip stocks amid firm global cues.
current attrition rate in india 2011
current attrition rate in india 2011 : Erratic working hours and perceived lack of long-term career growth has led to 55 percent increase in attrition rate of Indian BPOs in the last four months, an industry chamber study has said.
During December 2010-April 2011, the attrition rate in the business process outsourcing (BPOs) has increased to 55 percent from about 40 percent in the same period during the previous year, Assocham study said.
Although the BPO sector has been popular since the beginning as it has opened up plenty of job opportunities, the high attrition rate has plagued the sector now,
Services offered by the IT/ITES and BPOs in the domains of pharmaceuticals and financial services have registered an attrition rate of 60 percent; in retail and IT sectors 50 percent; and in automobiles, FMCG and infrastructure sectors 50 percent.
India’s BPO industry is facing a stiff competition from countries like Mexico, Philippines, Malaysia, China, Canada and Ireland.
Attrition rate may go up 25% in 2011
Employees treat a 10% pay rise as satisfactory and call it a boom year when salaries jump by 30%. Indian companies are forecast to grow 9% and salaried class expects higher increments during 2011-12.
Read More...
Attrition highest in B'lore, Hyderabad & Chennai
Ms Lala points out that the attrition has been the maximum at the junior and middle level positions. Even Delhi have a high attrition rate of 15.26%. Among the cities surveyed, both Ahmedabad (9.02%) and Mumbai (9.83) had the lowest attrition rates in the last one year. Even during the last three months (April-June 2011), the attrition levels in both Mumbai and Ahmedabad were just over 7%, while both Chennai and Hyderabad had attrition rates over 10%. Read More...
India’s IT industry on recruitment spree
Ajoyendra Mukherjee has one of the toughest jobs in corporate India. Every year the man who handles the recruitment of Tata Consultancy Services, India’s largest software and outsourcing company, hires an army of new people as the Mumbai-based group expands its operations globally. Read More...
Software major's social chat room
In a move to launch more employee-friendly initiatives, India’s second largest IT exporter Infosys (formerly Infosys Technologies) has launched a social media platform for its employees. Said to be an equivalent of Facebook, the social networking platform ‘Infosys Bubble’ allows an employee to share his/her views, pictures, moods and blogs among 1,33,560 fellow Infoscions. Read More...
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During December 2010-April 2011, the attrition rate in the business process outsourcing (BPOs) has increased to 55 percent from about 40 percent in the same period during the previous year, Assocham study said.
Although the BPO sector has been popular since the beginning as it has opened up plenty of job opportunities, the high attrition rate has plagued the sector now,
Services offered by the IT/ITES and BPOs in the domains of pharmaceuticals and financial services have registered an attrition rate of 60 percent; in retail and IT sectors 50 percent; and in automobiles, FMCG and infrastructure sectors 50 percent.
India’s BPO industry is facing a stiff competition from countries like Mexico, Philippines, Malaysia, China, Canada and Ireland.
Attrition rate may go up 25% in 2011
Employees treat a 10% pay rise as satisfactory and call it a boom year when salaries jump by 30%. Indian companies are forecast to grow 9% and salaried class expects higher increments during 2011-12.
Read More...
Attrition highest in B'lore, Hyderabad & Chennai
Ms Lala points out that the attrition has been the maximum at the junior and middle level positions. Even Delhi have a high attrition rate of 15.26%. Among the cities surveyed, both Ahmedabad (9.02%) and Mumbai (9.83) had the lowest attrition rates in the last one year. Even during the last three months (April-June 2011), the attrition levels in both Mumbai and Ahmedabad were just over 7%, while both Chennai and Hyderabad had attrition rates over 10%. Read More...
India’s IT industry on recruitment spree
Ajoyendra Mukherjee has one of the toughest jobs in corporate India. Every year the man who handles the recruitment of Tata Consultancy Services, India’s largest software and outsourcing company, hires an army of new people as the Mumbai-based group expands its operations globally. Read More...
Software major's social chat room
In a move to launch more employee-friendly initiatives, India’s second largest IT exporter Infosys (formerly Infosys Technologies) has launched a social media platform for its employees. Said to be an equivalent of Facebook, the social networking platform ‘Infosys Bubble’ allows an employee to share his/her views, pictures, moods and blogs among 1,33,560 fellow Infoscions. Read More...
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Monday, July 11, 2011
Gold, Silver Prices in india monday july 11 2011
Gold, Silver Prices in india monday july 11 2011 : Gold advanced further today by Rs 75 to Rs 22,645 per 10 grams on sustained buying, amid an improving global trend, but silver fell by Rs 130 to Rs 54,570 per kg on reduced offtake at prevailing high levels.
Traders said sustained buying in gold by stockists and reports of better trend overseas mainly led to a rise in the metal prices.
However, reduced offtake by industrial units at prevailing high levels mainly reduced silver prices, they said.
Gold in global markets, which normally sets the price trend on domestic front, traded higher by 0.04 per cent to USD 1,544.80 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity rose by Rs 75 each to Rs 22,645 and Rs 22,525 per 10 grams, respectively, while sovereigns held steady at Rs 18,700 per piece of eight grams. Gold had gained Rs 185 in the previous session.
On the other hand, silver ready fell by Rs 130 to Rs 54,750 per kg and weekly-based delivery by a same margin to Rs 54,570 per kg.
Silver coins continued to be asked at previous level of Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.
TAg : Silver coins prices july 11 2011 in india, metal prices july 11 2011, GOld Prices per kg in india july 11 2011, Gold Prices per 10 grams in india.
Traders said sustained buying in gold by stockists and reports of better trend overseas mainly led to a rise in the metal prices.
However, reduced offtake by industrial units at prevailing high levels mainly reduced silver prices, they said.
Gold in global markets, which normally sets the price trend on domestic front, traded higher by 0.04 per cent to USD 1,544.80 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity rose by Rs 75 each to Rs 22,645 and Rs 22,525 per 10 grams, respectively, while sovereigns held steady at Rs 18,700 per piece of eight grams. Gold had gained Rs 185 in the previous session.
On the other hand, silver ready fell by Rs 130 to Rs 54,750 per kg and weekly-based delivery by a same margin to Rs 54,570 per kg.
Silver coins continued to be asked at previous level of Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.
TAg : Silver coins prices july 11 2011 in india, metal prices july 11 2011, GOld Prices per kg in india july 11 2011, Gold Prices per 10 grams in india.
Saturday, July 9, 2011
indian stock market prediction Weekly july 11 2011
indian stock market prediction Weekly july 11 2011 ; Weekly planetary position: During the week, Moon will be transiting in Scorpio & Sagittarius. Sun & Venus in Gemini. Mars & Ketu in Taurus. Mercury in Cancer. Jupiter in Aries. Rahu in Scorpio. Pluto in Sagittarius. Saturn in Virgo. Neptune in Aquarius.
As predicted last week, sugar sector will continue to get very strong astrological support. Buy Shree Renuka Sugar, Balrampur Chinni, Dhampur Sugar, Eid Parry & Jeypore sugar on dips. Last week shree Renuka Sugar & Jeypore Sugar went up by 15%.
Financial sector will also continue to receive very strong astrological support. BUY PFC, DCB, SBI, M&M FINANCIALS, CANARA BANK, KOTAK BANK ETC ON DIPS.
Auto sector shall also be getting astrological support. Buy Mahindra & Mahindra, Tata Motor Dvr & Tata Motor.Other sectors which will be receiving astro support are leather, plastic & PERSONAL CARE. BUY Bata, Neelkamal Plastics & Marico On Decline.
Due to uncomfortable Planetary position of Lord RAHU, in INDIA’S horoscope, disturbing news flow will continue. Now from 6th June 2011, with change in position by Lord Rahu from Sagittarius to Scorpio, the position of the government will be highly uncomfortable for next 4 months.
Prediction: All scrupulous deals in land / property would be unearthed & the persons connected with such deals in all spheres shall be exposed, during the period of planet Rahu in Scorpio.
New Samvat 2068 (Hindu New Year) have started from 4th April 2011. Whenever New Samvat starts, based on planetary position / conjunction & aspect among planets, some new sectors commence out performing & many sectors, which were in momentum during last Samvat start under performing.
It has been observed many times that investors / traders (not knowing this fact) keep investing /trading in such sectors,( whose astrological support is over) – resulting in losses. It is suggested to consult your Financial Astrologer to know about the sectors.
One should trade only in the stocks of that sectors which are getting very strong astrologically support, since the chances of losing money in such stocks are very less.
Sectors which get strong ASTRO support are not normally affected by downfall in the market.
Disclaimer: The views and investment tips expressed by investment experts/astrologers on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. source www.moneycontrol.com...
As predicted last week, sugar sector will continue to get very strong astrological support. Buy Shree Renuka Sugar, Balrampur Chinni, Dhampur Sugar, Eid Parry & Jeypore sugar on dips. Last week shree Renuka Sugar & Jeypore Sugar went up by 15%.
Financial sector will also continue to receive very strong astrological support. BUY PFC, DCB, SBI, M&M FINANCIALS, CANARA BANK, KOTAK BANK ETC ON DIPS.
Auto sector shall also be getting astrological support. Buy Mahindra & Mahindra, Tata Motor Dvr & Tata Motor.Other sectors which will be receiving astro support are leather, plastic & PERSONAL CARE. BUY Bata, Neelkamal Plastics & Marico On Decline.
Due to uncomfortable Planetary position of Lord RAHU, in INDIA’S horoscope, disturbing news flow will continue. Now from 6th June 2011, with change in position by Lord Rahu from Sagittarius to Scorpio, the position of the government will be highly uncomfortable for next 4 months.
Prediction: All scrupulous deals in land / property would be unearthed & the persons connected with such deals in all spheres shall be exposed, during the period of planet Rahu in Scorpio.
New Samvat 2068 (Hindu New Year) have started from 4th April 2011. Whenever New Samvat starts, based on planetary position / conjunction & aspect among planets, some new sectors commence out performing & many sectors, which were in momentum during last Samvat start under performing.
It has been observed many times that investors / traders (not knowing this fact) keep investing /trading in such sectors,( whose astrological support is over) – resulting in losses. It is suggested to consult your Financial Astrologer to know about the sectors.
One should trade only in the stocks of that sectors which are getting very strong astrologically support, since the chances of losing money in such stocks are very less.
Sectors which get strong ASTRO support are not normally affected by downfall in the market.
Disclaimer: The views and investment tips expressed by investment experts/astrologers on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. source www.moneycontrol.com...
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