04-04-2012

BOARD MEETING
• AGARWAL HOLDINGS, to consider stock-split.
• INVENTURE GROWTH & SECURITIES, to mull bonus share issue, special dividend.
• RAM INFORMATICS, to mull proposals to revive company.
• ZEE ENTERTAINMENT ENTERPRISES, to mull share buyback.



DATA ALERT FROM OVERSEAS
• FRANCE SERVICES PMI for March. Seen 50.00 vs 50.00.
• GERMANY SERVICES PMI for March. Seen 51.8 vs 52.8.
• EUROZONE SERVICES PMI for March. Seen 48.7 vs 48.8.
• UK CIPS SERVICES PMI for March
• EU RETAIL TRADE for February.
• GERMANY MANUFACTURING ORDERS for Feb.
• US MBA WEEKLY MORTGAGE APPLICATIONS SURVEY for week to Mar 30.

• US ADP NATIONAL EMPLOYMENT REPORT for March.
• US NON-MANUFACTURING REPORT for March.
• US CRUDE OIL STOCKS in week to Mar 30.
• US GASOLINE STOCKS in week to Mar 30.
• US DISTILLATE STOCKS in week to Mar 30.
• US REFINERY USAGE in week to Mar 30.
• US GLOBAL SERVICES PMI for March.



DATA ALERT FROM INDIA
• SERVICES, COMPOSITE PMI for Mar, to be detailed by HSBC.



FII & DII activity on 03-04-2012 – FII net buyers in index future to the amount of Rs 541.10 Cr , in index options net buyers to the amount of Rs 248.84 Cr, in stock futures net buyers to the amount of Rs 125.29 Cr & in stock options net buyers to the amount of Rs 16.27 Cr. Overall FII were net buyers by Rs 931.49 Cr.

Capital Marget Segment – FII trading activity net buyers of Rs 332.47 Cr & DII trading activity net buyers of Rs 200.28 Cr.

MARKET NEWS:

• AVIATION: Air India to launch a fuel surcharge system, where the amount a consumer pays for travel would change in tandem with the change in price of aviation turbine fuel.
• CEMENT: Prices in Bihar have surged almost 50% due to a fall in production from one of the biggest suppliers. Improved demand from infrastructure pushed up cement sales in March.
• FERTILISER: The fertiliser ministry is mooting a proposal to raise urea prices by 10%. Government has scrapped the subsidy given to fertiliser companies on secondary movement of phosphatic and potassic fertilisers from 2012-13.
• FMCG: Prices of packaged milk, biscuits, yoghurt, edible oil, hair oil, soaps, balm, and detergent are set to rise 5%-10% over the next couple of months due to input price pressure.
• METALS: The commerce m

• POWER: The steep cut in the rate of depreciation on installation of windmills to 15% of the cost of equipment from 80% is unlikely to deeply mar the prospects of wind turbine makers.
• TELECOMMUNICATION: GSM Association, an international body of telecom operators, has announced the setting up of its office in India.