CONTENTS. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Transcription

1 CONTENTS Index Views SENSEX Index Movers BSE 200 Index Movers FII and MF Data SENSEX Movement Key Developments International Key Developments Domestic Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

2 INDEX % CHANGE NIFTY SENSEX NSE MIDCAP NSE NIFTY JUNIOR BSE SMALLCAP BSE *DOW JONES *NASDAQ NIKKEI HANG SENG (0.30) SHANGHAI COMP (3.88) BSE CAPITAL GOODS BSE BANK BSE REALTY BSE AUTO BSE OIL & GAS BSE PSU BSE METALS BSE FMCG BSE TECH BSE HEALTHCARE BSE IT BSE CONSUMER DURABLES (2.01) * DENOTES THURSDAY CLOSE SENSEX INDEX MOVERS % CHANGE LARSEN & TOUBRO LTD STERLITE INDUSTRIES INDIA LTD HERO MOTOCORP LTD HDFC BANK LTD DLF LTD BHARTI AIRTEL LTD WIPRO LTD TATA CONSULTANCY SERVICES LTD GAIL INDIA LTD CIPLA LTD/INDIA BSE 200 INDEX MOVERS % CHANGE IVRCL LTD PANTALOON RETAIL INDIA LTD JET AIRWAYS INDIA LTD INDIA INFOLINE LTD RELIANCE INFRASTRUCTURE LTD NEYVELI LIGNITE CORP LTD (4.57) ADANI ENTERPRISES LTD (5.23) RAJESH EXPORTS LTD (6.20) GUJARAT STATE PETRONET LTD (6.81) INDRAPRASTHA GAS LTD (9.42)

3 WEEK ENDED Rs Crores FII GROSS PUR FII GROSS SELL FII NET ( ) FII MONTH T0 DATE NET ( ) MF GROSS PUR MF GROSS SELL MF NET MF MONTH T0 DATE NET SOURCE : SEBI FII / MF DATA TILL TRADE DAY WEDNESDAY KEY DEVELOPMENTS INTERNATIONAL June 5 (Bloomberg) -- China s services industry expanded at a faster pace in May, according to a survey of purchasing managers released by HSBC Holdings Plc and Markit Economics. The PMI rose to a 19-month high of 54.7 in May from 54.1 in April, HSBC and Markit said. The result contradicted a governmentbacked survey of services businesses released June 3 and signs from other data that a slowdown in the world s second- biggest economy is deepening. June 7 (Bloomberg) -- China cut interest rates for the China Cuts Rates for the first time since 2008, stepping up efforts to combat a deepening economic slowdown as Europe s worsening debt crisis threatens global growth. The benchmark one-year lending rate will drop to 6.31 percent from 6.56 percent effective tomorrow, the People s Bank of China said on its website today. The one-year deposit rate will fall to 3.25 percent from 3.5 percent. Banks can also offer a 20 percent discount to the benchmark lending rate, the PBOC said, widening from a previous 10 percent. June 5 (Bloomberg) -- Euro-area services and manufacturing output contracted at the fastest pace in almost three years in May, adding to signs the economy is suffering under the worsening sovereign-debt crisis. A composite index based on a survey of purchasing managers in both industries dropped to 46 from 46.7 in April, London-based Markit Economics said. While above an initial estimate of 45.9, the May reading is the lowest since June The indicator has remained below 50 --indicating contraction -- for four months. June 5 (Bloomberg) -- German services activity contracted more than initially estimated in May. An index of the German services industry based on a survey of purchasing managers dropped to 51.8 last month from 52.2 in April, London-based Markit Economics said. The May reading is below the 52.2 estimated earlier.

4 June 6 (Bloomberg) -- Spanish industrial production unexpectedly fell the most in more than two years in April as the fourth-largest economy in Europe s single currency union sank deeper into recession amid surging borrowing costs. Output at factories, refineries and mines adjusted for the number of working days fell 8.3 percent from a year earlier, the biggest contraction since October 2009, the National Statistics Institute in Madrid said today in an ed statement. That is more than the median forecast for a 6.5 percent contraction by eight economists surveyed by Bloomberg, and follows a 7.5 percent drop in March. U.K. construction growth slowed for a second month in May, according to a report. A gauge of building activity based on a survey of purchasing managers slipped to 54.4 from 55.8 in April, Markit Economics and the Chartered Institute of Purchasing and Supply said in a report in London. The median forecast in a Bloomberg News survey of eight economists was for a reading of A result above 50 indicates expansion. June 6 (Bloomberg) -- Construction activity in Germany slowed in May, according to Markit Economics. The research group s index of German construction activity fell to 44.7 compared with 49.8 in April. An index below 50 means the number of construction firms who said business contracted was greater than the number sayingit expanded. June 6 (Bloomberg) -- The euro-area economy stalled in thefirst quarter as companies cut spending to weather the sovereign-debt crisis, offsetting a gain in exports. Gross domestic product in the 17-nation euro area was unchanged from the fourth quarter, when it fell 0.3 percent, the European Union s statistics office in Luxembourg said, confirming an initial estimate published on May 15. Exports rose 1 percent in that period, while corporate investment declined 1.4 percent. Construction dropped 1.1 percent from the fourth quarter. June 6 (Bloomberg) -- German industrial output fell more than economists forecast in April, adding to signs that growth in Europe s largest economy is slowing as the sovereign debt crisis curbs demand. Production declined 2.2 percent from March, when it rose a revised 2.2 percent, the Economy Ministry in Berlin said. Economists forecast a drop of 1 percent, the median of 37 estimates in a Bloomberg News survey shows. In the year, production fell 0.7 percent when adjusted for working days. June 7 (Bloomberg) -- France s unemployment rate rose in the first quarter as companies eliminated jobs in the face of faltering economic growth, posing a challenge to newly elected President Francois Hollande. About 10.0 percent of the population was unemployed, up from 9.8 in the previous three months, according to International Labour Organization standards, national statistics office Insee in Paris said. Excluding France s overseas territories, the rate was 9.6 percent, compared with a median forecast of 9.5 percent in a Bloomberg News survey of five economists. June 7 (Bloomberg) -- U.K. service industries unexpectedly maintained their pace of growth in May and employment rose as demand increased. A gauge based on a survey of purchasing managers remained at 53.3 from April, Markit Economics and the Chartered Institute of Purchasing and Supply said in a report. The median forecast of 27 economists in a Bloomberg News survey was for a decline to A measure above 50 indicates expansion. Confidence weakened because of concerns related to the euro-area debt crisis, Markit said. June 7 (Bloomberg) -- The Bank of England left its stimulus plan on hold as the threat from above-target inflation overrode policy makers concerns about the risk to the U.K. from Europe s debt crisis. The Monetary Policy Committee, led by Governor Mervyn King, held its ceiling for bond purchases at 325 billion pounds ($503 billion) today, a move forecast by 37 out of 42 economists in a Bloomberg News survey. Officials also kept their benchmark interest rate at a record low of 0.5 percent. June 8 (Bloomberg) -- German exports declined in April for the first time this year as Europe s worsening debt crisis and weaker global growth curbed demand. Exports, adjusted for work days and seasonal changes, fell 1.7 percent from March, when they gained 0.8 percent, the Federal Statistics Office in Wiesbaden said. Economists forecast a drop of 0.7 percent, according to the median of 14 estimates in a Bloomberg News survey. Imports plunged 4.8 percent. June 8 (Bloomberg) -- Italian industrial production declined in April as demand for the nation s manufactured goods slumped at home and abroad amid Europe s sovereign-debt crisis. Output dropped 1.9 percent from March, when it rose a revised 0.6 percent, national statistics office Istat said in Rome. Economists forecast a fall of 0.5 percent, according to the median of 21 estimates in a Bloomberg News survey. Production fell 9.2 percent from a year ago on a workday-adjusted basis. June 4 (Bloomberg) -- Orders to U.S. factories unexpectedly fell in April for a second month, pointing to a deceleration in manufacturing as the global economy cools. Bookings dropped 0.6 percent after a revised 2.1 percent decrease in March, the first back-to-back declines in more than three years, figures from the Commerce Department showed in Washington. Economists projected a 0.2 percent gain, according to the median forecast in a Bloomberg News survey. June 5 (Bloomberg) -- Service industries sustained their pace of growth in May, showing the biggest part of the U.S. economy is withstanding the impact of the European debt crisis. The Institute for Supply Management s index of non-manufacturing businesses, which covers about 90 percent of the economy, unexpectedly rose to 53.7 last month from April s 53.5, the Tempe, Arizona-based group said. The median forecast of 75 economists surveyed by Bloomberg News projected June 7 (BNA - Daily Report for Executives) -- U.S. economic activity continued expanding from early April through late May, but against a cautious backdrop, said a Federal Reserve report release. Manufacturing, consumer spending, real estate, agriculture, energy, labor, and inflation were generally positive, according to anecdotal information collected in the Fed's Beige Book report on economic conditions in the central bank's 12 regional districts. But respondents who provided the material to their local Fed contacts also indicated a wary mood. June 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke told lawmakers the central bank has options for further easing while declining to specify them, and he described risks ranging from Europe s crisis to fiscal tightening in the U.S. If we decide that further action is required, then of course we have to decide what action is appropriate or what communications are appropriate, Bernanke said to the Joint Economic Committee. We do have options that we can consider.

5 June 7 (Bloomberg) -- Fewer Americans applied for unemployment insurance payments last week, indicating limited progress in the labor market after a two-month slowdown in hiring. First-time claims for jobless benefits fell by 12,000 to 377,000 in the week ended June 2 from a revised 389,000 the prior week that was higher than initially estimated, the Labor Department said today. The median estimate of 49 economists surveyed by Bloomberg News called for 378,000 claims. The number of people receiving extended payments plunged. KEY DEVELOPMENTS Domestic India s services industry expanded in May at the fastest pace in three months, a private survey showed, contrasting with recent reports indicating Asia s third-largest economy is struggling. The purchasing managers index climbed to 54.7 from 52.8 in April, HSBC Holdings Plc and Markit Economics said in an ed statement. A number above 50 indicates growth. June 7 (Bloomberg) -- Indian Prime Minister Manmohan Singh vowed to revitalize growth in Asia s thirdlargest economy as he outlined projects including new ports, roads and power plants and urged officials to bridge differences impeding progress. In these difficult times we must do everything possible to revive business and investor sentiment, Singh said in a statement in New Delhi. We as a government are committed to taking the necessary measures to reverse the present situation.