Thursday 31 January 2013

NEws Hour: High Court orders winding up of Dunlop India


KOLKATA: The Calcutta High Court today ordered winding up of tyre manufacturing company Dunlop India Limited, which had set up its first factory at Sahaganjnear here in 1936. 

Justice Sanjib Banerjee, while ordering the winding up of Dunlop India, directed the official liquidator to take immediate possession of the company's assets and books of records. 

E V Mathai and Sons and A K Kundu and Company, followed by 15 other creditors, had moved a winding up petition before the High Court seeking liquidation of the company in 2008 for non-payment of dues amounting to around Rs 1,000 crore. 

The lawyers of DILBSE -2.58 % submitted before the court that they were taking every step to settle the issue. 

The court, however, refused a plea by DIL to stay operation of the order. 

Appearing for the state, Advocate General Anindya Mitra submitted that the state, which also had claims of around Rs 50 crore, would welcome any order that could facilitate the reopening of the company. 

Having led the tyre manufacturing industry for decades, the company went into doldrums since the late 1990's. 

In 2005, the Ruia Group led by Pawan Kumar Ruia took control of DIL. 

(Source: economictimes.indiatimnes.com)

Market Synopsis, Market Heatmap: 31st January, 2013



Closing Market Update:
The Indian benchmarks ended on a weak note on January 31, 2013. After opening at the similar levels as that of previous day’s close, market drifted downward and the benchmarks could not cross even the opening levels. The trading was in a tight range, in spite of a derivative settlement day. ICICI Bank was hit by profit-booking after announcing performance with its quarterly earnings which was better than market expectation as it had risen prior to the results. This led the Sensex to close at the level of 19894.98 i.e. down by 110.02 points and the Nifty to close at the level of 6034.75 i.e. down by 21 points. The midcap index closed in green with the gain of half a percentage point; While the small cap index closed in red with the marginal loss of one-tenth of a percentage point. On the sectoral front the indices closed mixed .Realty Index closed as the biggest gainer with the gains of one and a four-tenth of a percentage point. This was followed by PSU Index which closed with the gain of one percentage point. On the other hand Banking Index closed as the biggest looser with the loss of four-tenth of a percentage point.

Further, the market breadth closed neutral as one stock was seen advancing for each declining stock.

(Pic Source: bseindia.com)

Commodity Market Update (Natural Gas)


Date: 31st Jan. 2013, Time : 15:12
Precious metals are trading slightly lower with Gold at $1666.00 down by 0.30% while Silver prices are trading near $32.00, down by half a percent. We expect prices to remain range bound with a positive bias which can take Gold near the potential resistance of $1700 an ounce while silver to $32.50 in coming sessions. On base metals prices are trading higher today; Three-month Copper is at $8277.00, up by 0.62% and Nickel is at $18535.00 added almost a percent since its last closing. Crude Oil on NYMEX is at $97.76, lower by 0.18% trading in a tight range while Gas prices are at $3.302 which is down by 3 cents as traders are cautious ahead of US Natural Gas Storage data set to be released tonight.

Data to watch:
US Unemployment Claims
US natural Gas Storage

BMA Commodity Gyaan: Copper


BMA Success Mantra of the Day: 31st January, 2013

Wednesday 30 January 2013

Market Synopsis, Market Heatmap: 30th January, 2013


The Indian benchmarks ended on a flat note on January 30, 2013. After opening firm, they could not make much headway and started drifting down. However, on the downside also, there was not much force. Since tomorrow being derivative settlement day, benchmarks traded sideways in a tight range. This led the Sensex to close at the level of 20005.5 i.e. up by 14.10 points and the Nifty to close at the level of 6055.75 i.e. up by 5.85 points. The midcap index and the small cap index closed in red with the marginal loss of three basis points and two-tenth of a percentage point respectively. On the sectoral front the indices closed mixed .Realty Index closed as the biggest gainer with the gains of one and a four-tenth of a percentage point. This was followed by Consumer Durables Index which closed with the gain of one and a quarter of a percentage point. On the other hand Capital Goods Index closed as the biggest looser with the loss of one and a quarter of a percentage point.

Further, the market breadth closed negative as three stocks were seen advancing for five declining stocks.

Commodity Market Update (Crude Oil)


Precious metals are trading higher since morning with Gold trading at $1667.20, up 0.27% or $4.40 an ounce while front month Silver future rose almost a percent or 25 cents to trade at $31.43. On MCX, Gold is trading lower at Rs 30,163.00, down 70 odd points and Silver is trading in green at Rs 58,080.00 with a marginal gain of Rs 170.00 or 0.30%. Precious metals traders are waiting for tonight’s Federal Reserve policy meeting which may set the direction of precious metals. US Crude Oil is trading silent on NYMEX, at $97.69 with a positive bias while Natural Gas is gaining its some lost ground and trading at $3.28, higher by 3 cents or 0.92%. US Energy Information Administration is set to release its weekly Crude Oil Inventory report tonight at 9.00PM with a market forecast of 2.9 million barrels. Base metals are trading sharply higher on the London Metal Exchange on the hopes of improved world economy. 3-month Copper is trading at $8215.75, up 1.39% while Zinc is leading the group, rose 1.80% to trade at $2133.00. Market participants are waiting for US economic data ADP Nonfarm Employment Change and GDP data which may lead the prices further.

Economic Events:

US ADP Non Farm Employment Change
US Advance GDP
US Crude Oil Inventory
US FOMC Meeting Minutes
US Federal Fund Rate.

Copper and it's industrial uses..

Morning Summary, Market Synopsis: 30th January, 2013


Good Morning Everyone..
The major Indian equity benchmarks started the day on a firm note. However they could not sustain this firmness and started trading lower. Global cues have been good with US markets trended higher ahead of FOMC decision. The S&P 500 is on track to post its best monthly performance since October 2011. Tomorrow , being the day of derivative settlement, participants are shying away from increasing their positions. This led the Sensex to trade near the level of 20029.23 i.e. up by 38.3 points & the Nifty to trade near the level of 6061.6 i.e. up by 11.70 points. The midcap index and the small cap index are trading in green with the gain of four – tenth of a percentage point each. On the sectoral front the indices are trading mixed .Oil & Gas Index is the biggest gainer with the gains of more than one and a half percentage point . This was followed by Consumer Durables Index which is trading with the gain of more than one percentage point. On the other hand FMCG Index is the biggest looser with the loss of quarter of a percentage point. Further, the market breadth is positively placed as seven stocks are seen advancing against five declining stocks.

BMA Success Mantras: 30th January, 2013

Tuesday 29 January 2013

Market Synopsis, Closing Summary: 29th January, 2013


The Indian benchmarks ended on a weak note on January 29, 2013. After opening stable, they were seen consolidating till the credit policy was announced. As per policy, the repo rate and CRR were both reduced by twenty five basis points. This gave a fresh impetus to market to scale a high of the day. But benchmarks could not sustain at higher levels and profit booking forced them to seek lower levels. This led the Sensex to close at the level of 19990.90 i.e. down by 112.45 points and the Nifty to close at the level of 6049.90 i.e. down by 24.90 points. The midcap index and the small cap index closed in red with the loss of more than half a percentage point and nine-tenth of a percentage point respectively. On the sectoral front, almost all the indices except FMCG Index closed in red. FMCG Index closed as only gainer with the gains of seven-tenth of a percentage point. point. On the other hand, Realty index closed as the major looser with the loss of more than two percentage points. This was followed by Oil & Gas Index which closed with the loss of more than one and a quarter percentage point.

Further, the market breadth closed negative as two stocks were seen advancing for each declining stock.

Commodity Market Update (Silver)



Precious metals are trading higher since morning after its last two session’s steep decline on the back of improved economy. The actively traded Gold Contract is trading in green at $1660.70, up +$7.80 or +0.46% after having tested a high of $1664 on COMEX while Silver rose almost a percent or +30 cents to trade at $31.06 per ounce. On domestic bourses, bullions are restricting to move higher due to a stronger rupee against the dollar. MCX Gold is trading at Rs 30,310, with a marginal decline of -Rs 30.00 or -0.09% and Silver is at Rs 57890.00, up 123 points. LME base metals are trading higher since morning with 3-month Copper futures trading at $8069.00, up $+18.50 while Nickel is leading the metals group, rose +0.64% to trade at $17688.00. On MCX, base metals are trading lower due to a stronger rupee against the dollar. On NYMEX, energy complex are trading mixed with Crude Oil trading at $96.58, higher by 14 cents while Natural Gas is trading in red at $3.25, down by 1.19%. Market participants are waiting for this week Federal Reserve policy meeting and US nonfarm payroll data.

What makes COPPER so useful?

Market Synopsis, Morning Summary: 29th January, 2013



The major Indian equity benchmarks started the day near to the point where it closed yesterday, after the Reserve Bank took a hawkish stance in its macroeconomic survey released yesterday. Practically markets were trading at the same levels as they are waiting for the RBI credit policy review announcement. No market participant is interested in increasing their commitment . Thus markets are lack lusture. All the activities will start post the announcement only. The market is expecting a twenty five basis point rate cut. This led the Sensex to trade near the level of 20070.09 i.e. down by 33.26 points & the Nifty to trade near the level of 6068.8 i.e. down by 6.00 points. The midcap index and the small cap index are trading in green with the gain of one – tenth of a percentage point each. On the sectoral front the indices are trading mixed but more with negative bias. Health Care Index is the biggest gainer with the gains of four-tenth of a percentage point . On the other hand Consumer Durables Index is the biggest looser with the loss of nine- tenth of a percentage point. Further, the market breadth is neutrally placed as one stock is seen advancing against each declining stock.

Monday 28 January 2013

Market Synopsis, Closing Summary: 28 Jan 2013




The Indian benchmarks ended on a stable note on January 28, 2013. After opening firm, they were seen consolidating throughout the day in a band . Market was lacklusture and was looking for direction . As RBI is to meet tomorrow to review its credit policy, participants were not interested in increasing their commitment. This led the Sensex to close at the level of 20103.35 i.e. marginally down by 0.18 points and the Nifty to close at the level of 6074.80 i.e. marginally up by 0.15 points. The midcap index and the small cap index closed in green with the gain of two basis points and more than quarter of a percentage point respectively. On the sectoral front, the indices closed mixed. Realty Index closed as the largest gainer with the gains of more than one and a three-forth of a percentage point. This was followed by Auto Index which closed with the gain of more than one percentage point. On the other hand, Oil & Gas index closed as the major looser with the loss of more than one percentage point.

Further, the market breadth closed slightly positive as eight stocks were seen advancing for every seven declining stocks.

(source:bseindia.com)

Commodity Market Update (Gold)



Precious metals are trading flat with the active Gold contract on COMEX is at $1658.30, unchanged since last settlement. Prices are likely to trade in a range with a negative bias for short term however $1655-$1650 may act as a strong support for Gold. Silver is trading lower by half a percent at $31.065, prices are likely to ease further during the evening hours. Base metals prices are slightly higher across the LME, 3-month Copper is trading higher by 0.20% at $8043.00 and other are also trading in green with no major gains. Oil futures on NYMEX is more or less unchanged at $95.98, up by just 0.18% while Natural Gas is at $3.37, lower by 2.27% at the time of writing this.

BMA Commodity Gyaan, from today, starts it's very new 'COPPER' series.. So keep following..




Market Synopsis, Morning Summary: 28th January, 2013



The major Indian equity benchmarks started the day on a stable note as market players are waiting for the RBI’s credit policy review meet to be held on Tuesday January 29, 2013. This also has forced market to trade at similar levels , looking for direction. The US Federal Reserve is also expected to decide on its bond buying programme .This led the Sensex to trade near the level of 20138.96 i.e. up by 35.43 points & the Nifty to trade near the level of 6083.9 i.e. up by 9.25 points. The midcap index and the small cap index are trading in green with the gain of four – tenth of a percentage point and three forth of a percentage point respectively. On the sectoral front the indices are trading mixed. Realty index is the biggest gainer with the gains of one and three-tenth of a percentage point followed by Auto Index with the gains of one and a quarter percentage point. On the other hand Oil & Gas Index is the biggest looser with the loss of six- tenth of a percentage point. Further, the market breadth is positively placed as two stocks are seen advancing against each declining stock.

BMA Success Mantra: 28th January, 2013

Saturday 26 January 2013

Post your answer below..

"The Son of the Soil" The life story of Netaji Subhash Chandra Bose.


Subhas Chandra was born on 23 January, 1897 in Cuttack. His father named Rai Bahadur Janakinath Bose was a Government pleader working there. Subhas had obtained his early education at Cuttack. In his childhood, the influ­ence of his mother Probhavati Devi and that of the Headmaster named Beni Madhav Das taught him to learn about the ancient heritage of his motherland and to love India more than anything else in his life.
Subhas had his college education at Calcutta. He left for England on 15 September, 1919 to appear at the Indian Civil Service Examination, as desired by his father. He passed the examination by coming out 'Fourth' among the successful candidates, but he did not want to serve the British Government. So he resigned to the lucrative post offered to him. He returned to India and joined the Indian National Congress to fight for the independence of India.
Subhas was sent to jail about eleven times in his life. He became the President of the Congress Party, but later, resigned due to his differences of opinion with Gandhiji.
When the World War II broke in 1941, Subhas was interned in his Calcutta home under constant police guard'. He did not come out of his house for 40 days, nor did he see anyone during that period. And on the 41st midnight, he escaped in the disguise of a Maulavi and reached Germany under an Italian diplomatic passport with an Italian name of Orlando Mazzota.
In Berlin, he formed the first Indian National Army (I.N.A.) with the 'prisoners of war' who were Indian soldiers serving the British Army. Now he came to be known as 'Netaji'. Subhas also founded an Indian Radio Station called Azad Hind Radio in Berlin, from where he had very often to broadcast for his countrymen suggesting about their political activities during the war.
From Berlin, Subhas went to Japan, where the I. N. A. was enlarged with the addition of more soldiers and civil­ians. The I.N.A. was now a large army. Netaji, as the Chief Commander of the I.N.A., declared war against the British. The I.N.A. fought tooth and nail in the Burma front, and hoisted Indian national flag in Imphal at Manipur. The war took suddenly a strange turn, because the Japanese who were I.N.A.'s allied forces surrendered. So Netaji had to order retreat of his I.N.A.
Netaji's senior army officials advised him to go to Russia for help. He started for Russia in a Japanese aircraft which unfortunately met with an accident at the time of taking off, and the great Indian leader Netaji died on the spot or 18 August, 1945.

(source: preservearticles.com)

Friday 25 January 2013

Market Synopsis, Closing Summary: 25th January, 2013



The Indian benchmarks ended on a firm note on January 25, 2013. After opening stable, they were seen consolidating in the early part of the day. But towards the later half, short covering started in Mid-cap stocks and this spread across to different segments of the market. The stocks like HDIL, IVRCL Infra, which lost heavily yesterday, recovered some lost ground. Then came the results of Maruti Ltd. After six consecutive quarters of decline, Maruti moved in the fast lane by posting stellar numbers in the third quarter. This led the Sensex to close at the level of 20103.53 i.e. up by 179.75 points and the Nifty to close at the level of 6074.65 i.e. up by 55.30 points. The midcap index and the small cap index closed in green with the gain of more than one and three forth percentage point and one percentage point respectively. On the sectoral front, all the indices closed in green. Realty Index closed as the largest gainer with the gains of near to four and a half percentage point. This was followed by Auto Index which closed with the gain of more than two percentage point. On the other hand, Oil & Gas index closed as the least gainer when it closed with the gain of more than quarter of a percentage point.

Further, the market breadth closed positive as four stocks were seen advancing for every three declining stocks.


Commodity Market Update (Copper):



Precious Metals are trading sharply lower today; Gold is at 1662.0, down 8.0 or 0.47% and Silver is down 18 cents at 31.54. On MCX,Gold is down 100 points at 30363.0 while Silver is at 58714.0, down 238 points. Bullions are expected to trade with a negative bias and may move lower today, later in the evening. Base Metals have erased gains made earlier in the morning, three month copper is trading at 8080.0 a ton on LME while the rest of the metals are also trading marginally in green. Base Metals are trading in a range and may trade negative into the evening. Crude Oil is higher by almost half a percent at 96.37 a barrel while Natural Gas is at 3.4370 per mmbtu. Both are expected to trade with a neutral tone in the evening.

Key Economic Releases : New Home Sales

Silver v/s Dollar


Market Synopsis, Morning Summary: 25th January, 2013



The major Indian equity benchmarks started the day on a stable note on the back of an unexpected fall in weekly jobless claims Currently they are trading at the similar level as that of the opening price . The midcaps are trading weak and market is trading sideways looking for direction. The Sensex is trading near the level of 19982.84 i.e. up by 59.06 points & the Nifty to trade near the level of 6029.5 i.e. up by 10.15 points. The midcap index is trading in green with the gain of nearly quarter of a percentage point and the small cap index is trading marginally in negative with the loss of four basis points . On the sectoral front the indices are trading mixed. Auto index is the biggest gainer with the gains of nearly three forth of a percentage point followed by Consumer Durables Index with the similar gains. On the other hand Metal index is the biggest looser with the loss of just fifteen basis points. Further, the market breadth is negatively placed as nine stock is seen advancing against eleven declining stocks.

BMA Success Mantras: 25th January, 2013

Thursday 24 January 2013

News Hour: Tata Motors shares slump 6 per cent, brokerages turn bearish


Shares of India's largest automobile company Tata MotorsBSE -5.91 % slumped 6.26 per cent or Rs 19.60 to close the day at Rs 293.45 on NSE after it issued profit warning. The company said its British subsidiary, makers of luxury cars and sports utility vehicles, Jaguar Land Rover (JLR) unit is likely to report lower profit margin in October to December, third quarterly results. 

Tata Motors warned Jaguar Land Rover earnings before interest, taxation, depreciation and amortisation (EBITDA) may fall due to foreign exchange rate fluctuations and higher product mix of cheaper version of 'Evoque' sports utility vehicle sales which accounts for 30 per cent of Land Rover's wholesale sales. 

"We had indicated earlier that product mix would be poorer because of higher sales of the XF, Freelander and Evoque models" said Vijay Somaiya, Head of Treasury and Investor Relations at Tata Motors on a conference call to analysts of various brokerage houses. "Product incentives in the current year are also slightly higher than previous years" he added. 

Jaguar Land Rover said Free Cash Flow, which is cash from operations after capital spending is likely to be negative in third quarter. The company further said in fiscal year 2014 capital spending is expected to rise steeply to 2.75 billion dollars which will make cash flow negative for the year. Jaguar Land Rover is planning to set up new factories in China and other emerging markets. 

"We see this as a one quarter effect and expect sharp improvement in margins in fourth quarter. We recommend buying the stock in the event of a price correction" said brokerage house CLSA in a research note to its clients. 

In a notice to stock exchanges Tata Motors announced that JLR would raise 400 million dollars through issue of bonds to support its operational costs and future growth plans. 

"We believe JLR is currently in the middle of a significant product upgrade cycle, with 5-7 new products likely to come to market in 2013 and a number of other concepts/technologies potentially under commercialization. We believe Tata's share price could react negatively in the near term" said brokerage house Goldman Sachs in a research note to its clients. 

Jaguar Land Rover is planning to launch eight new vehicles in 2013, including a convertible sports car and a new hybrid Range Rover. The auto maker is due to report its earnings in February, but has not yet specified a date. 

"We expect JLR's EBITDA margins to fall 200 basis points quarter on quarter to 12.8 per cent. We believe net debt levels will rise for Tata Motors as both India and JLR business will be free cash flow negative." said brokerage house UBS in a research note to its clients. 

The profit warning came as a surprise for many analysts after Tata Motor shares had hit record high earlier this month on expectations of improving sales at JLR, especially in the key China market, and optimism about the launch of new models. Shares of Tata Motors have surged over 20 per cent during November and December last year.

(source:economictimes.indiatimes.com)


Market Synopsis: 24th January, 2013


The Indian benchmarks ended on a weak note on January 24, 2013. After opening slightly negative, they soon gained momentum downward in the absence of any trigger. Investors and traders dumped the shares of midcap and small cap companies as carnage in stocks like HDIL , a realty firm, spread in to other stocks like IVRCL, IRB Infra etc. In the case of HDIL market is suspecting that the company is facing severe financial crunch. This weak sentiment also spread to the large cap stocks to an extent. This led the Sensex to close at the level of 19923.78 i.e. down by 102.83 points and the Nifty to close at the level of 6019.35 i.e. down by 34.95 points. The midcap index and the small cap index closed in red with the loss of nearly two and a half percentage point each. On the sectoral front, the indices closed mixed. FMCG index closed as the largest gainer with the gains of more than a percentage point. On the other hand, Realty index closed as the major loser with losses of more than four percentage points, followed by Auto Index, which lost two and a half percentage points.

Further, the market breadth closed considerably negative as one stock was seen advancing for every five declining stocks.
 


Silver: Correlation Station

Commodity Market Update (Natural Gas)



Precious metals are trading lower since morning on the hopes of moderate global growth and may dim the safe heaven demand. The actively traded Gold contract is losing almost half a percent or $8.10 to trade at $1678.60 while Silver futures eased sharply by 1.65% or $0.53 to trade at $31.90 on COMEX. On domestic bourses, Gold is trading at Rs 30598.00 while Silver is trading at Rs 59273.00, down by 600 odd points per kilogram. Base metals are trading lower on LME as IMF lowered its global economic forecast. 3-month Lead is losing most of the ground, lower by 0.46% to $2067.50 while Copper is trading in red at $8077.75, down by 0.31% per metric ton. US Crude Oil is trading in higher after the last session’s steep sell-off due to cut of Oil demand by the US refineries. Light Sweet Crude Oil for near month delivery is trading in green at 95.59, up by 37 cents or 0.38% while Natural Gas is trading at $3.58, gain 0.80% per mmBtu on NYMEX. Oil and Natural Gas trader are waiting for department of Energy’s data which is set to release tonight.

Morning Summary, Market Synopsis: 24th January, 2013


Good Morning Everyone..
The major Indian equity benchmarks started the day on a weak note and then turned down. Currenly they are trading lower than the opening level. The market participants are cautious as they are waiting for a trigger to firm up their views. The next big event is RBI’s credit policy review meet to be held on Tuesday. In the absence of trigger currently, market is trading sideways looking for direction. This has led the Sensex to trade near the level of 19971.13 i.e., down by 55.48 points & the Nifty to trade near the level of 6030.4i.e.,down by 23.9 points. The midcap index and the small cap index are trading in negative with the loss of nearly one and a half percentage point and nearly one percentage point respectively. On the sectoral front the indices are trading mixed. IT index is the biggest gainer with the gains of nearly one percentage point. On the other hand Realty index is the biggest looser with the loss of nearly four percentage points, followed by Auto index with the loss of more than two and a three forth percentage point. Further, the market breadth is considerably negatively placed as one stock is seen advancing for five declining stocks.

BMA Success Mantra: 24th January,2013

Wednesday 23 January 2013

Market Synopsis- Market Heatmap: 23rd January, 2013


Closing Market Synopsis
The Indian benchmarks ended on a firm note on January 23, 2013, after opening stable on the back of a strong US market cues. However, it soon started loosing ground, waiting for a fresh trigger to go up. Once it reached critical support levels , it rebounded sharply to close in green. Still, a cautious atmosphere was prevalent in the market as traders were waiting for the crucial announcement of RBI to be made in next week. This led the Sensex to close at the level of 20026.21 i.e. up by 45.04 points and the Nifty to close at the level of 6054.30 i.e. up by 5.80 points. The midcap index and the small cap index closed in red with the loss of nearly one percentage point each. On the sectoral front, the indices closed mixed . Teck index closed as the largest gainer with the gains of more than half a percentage point. On the other hand , Realty index closed as the major loser with losses of more than two and a quarter percentage point, followed by PSU Index , which lost by one percentage point.

Further, the market breadth closed considerably negative as two stocks were seen advancing for every five declining stocks.


Commodity Market Update (Copper Perf.)



Precious metals are trading silent on COMEX with Gold trading at $1691.60, down by $1.5 or 0.09% while Silver is trading in green at $32.20 with a marginal gain of 0.04% an ounce. On domestic bourses, bullions are trading volatile along with a volatility of rupee against the dollar. Gold is at Rs 30,773.00 and Silver is at Rs 59,708.00. Light Sweet Crude Oil prices are consolidating at $96.60 after having tested a 4-month high of $96.69 on NYMEX while Natural Gas is trading higher at $3.59, adding almost a percent to its previous settlement. Base metals are trading higher on LME, except Copper which is trading at $8130.00, lower by a meager 0.04%. 3-month Lead is leading the metals group which gained $1.61% to trade at $2362.00 per metric ton, followed by rest of the industrial metal.


Silver as an investment.

Morning Summary, Market Synopsis: 23rd January, 2013


The major Indian equity benchmarks started on a stable note and are trading in the similar levels as that of opening. The S&P 500 and Dow Jones Industrial Average indices ended at five-year highs on Tuesday as better-than-expected corporate earnings lifted sentiment. Thus  Indian indices rose today tracking overnight gains in US equities .The third quarter results declared so far has been better than expectation and majority of them has been discounted by now. Hence market is waiting for a fresh trigger which can only emerge post RBI policy review meet. This led the sensex to trade near the level of 20011.90 i.e., up by 30.33 points & the Nifty is trading near the level of 6056.45 i.e., up by nearly 7.95 points. The midcap index  and the small cap index are trading in positive zone with marginal gains. On the sectoral front the indices are trading mixed. Consumer Durables index  is the biggest gainer with the gains of more than  half a  percentage point, followed by Capital Goods  Index , which  is trading with the gain of nearly half a  percentage point. On the other hand PSU  index  is the biggest looser with the loss of more than quarter of a percentage point. Further, the market breadth  is neutrally placed , as one stock is seen advancing for each declining stock.

A Salute to the Son of the soil..

Tuesday 22 January 2013

Market Synopsis: 22ndJanuary, 2013


The Indian market ended on a weak note on January 22, 2013. The Indian benchmarks had opened flat on the back of no international cues as US market was closed for Martin Luther King Jr Day. Then market consolidated searching for a definite direction. In the later half , it started loosing ground as it had discounted better than expected third quarter results. In the meanwhile FMGC major Hindustan Unilever came out with a disappointing set of third quarter earnings. This provided the fresh negative impetus to sagging market and led the Sensex to close at the level of 19981.57 i.e.down by 120.25 points and the Nifty to close at the level of 6048.5 i.e. down by 33.80 points. The midcap index and the small cap index closed in red loosing nearly a percentage point and three forth of a percentage point respectively . On the sectoral front, the indices closed in red . Realty index and the Consumer Durables Index closed as the major looser with losses of nearly two percentage point in the order mentioned. On the other hand, Health care Index closed as the least of the loser with losses of a nearly half a percentage point.

Further, the market closed considerably negative as two stocks were seen advancing for every five declining stocks.


(picsource:bseindia.com)

Commodity Market Update (Silver)



Gold futures on COMEX are trading slightly higher at $1691.00, up by $3.80 or 0.23% at the time of writing this. Silver is trading at $31.93 unchanged since last settlement; we expect prices to trade in a range with a positive bias for the day. Crude Oil prices are trading lower today; the near month contract is trading down by half a percent at $95.08 while Natural Gas prices are trading positive at 3.6380, up by 2%. Base metals are trading in green with 3-month Copper on LME is at $8096.00, up by 0.50% while Nickel is at $17460.00, up by 0.17%.

An advantage of investing in Silver..

Morning Summary, Market Synopsis: 22nd January, 2013



The major Indian equity benchmarks started the day on a flat note and are trading in the similar levels as that of opening. US markets were closed yesterday for Martin Luther King Jr Day. Asian stock indices were mixed in early trade on caution ahead of a monetary policy decision by the Bank of Japan later today .The strong third quarter results have taken the market tillthis level and now market is waiting for the RBI policy review meeting next week. This led the sensex to trade near the level of 20132.92 i.e., up by 32.10 points & the Nifty is trading near the level of 6094.15 i.e., up by nearly 11.85 points. The midcap index and the small cap index are trading in positive zone with the gain of nearly half a percentage point and one third percentage point respectively. On the sectoral front the indices are trading mixed. Metal index is the biggest gainer with the gains of nearly three forth of a percentage point, followed by Bank Index , which is trading with the gain of more than half a percentage point. On the other hand IT index is the biggest looser with the loss of more than quarter of a percentage point. Further, the market breadth Is positively placed , as four stocks are seen advancing for three declining stocks.

BMA Success Mantra: 22nd January, 2013

Monday 21 January 2013

Market Synopsis: 21st January, 2013



The Indian market ended on a firm note on January 21, 2013. The day had started with a gap up in Indian benchmarks and then they consolidated in a narrow range for the first part of the day. Relinace’s better than expected results of third quarter and spice jet’s declaration of coming in black in third quarter performance boosted the sentiment. This led the Sensex to close at the level of 20101.82 i.e.up by 62.78 points and the Nifty to close at the level of 6082.30 i.e. up by 17.90 points. The midcap index and the small cap index closed marginally in positive . On the sectoral front, the indices closed mixed. Capital Goods index closed as the major gainer with gains of nearly one and a half percentage point, followed by Oil & Gas Index , which gained by more than one and a quarter percentage point. On the other hand, Realty index closed as the major loser with losses of a more than one and a quarter percentage point.

Further, the market closed slightly negative as seven stocks were seen advancing for every eight declining stocks. Find out more at :http://www.facebook.com/bmawealth?sk=app_206541889369118


(picsource:bseindia.com)

Commodity Market Update (Gold)



Precious Metals are trading steady today; Gold is at 1688.40 an ounce, up 1.4 or 0.08% and Silver is at 31.92 an ounce. On MCX, Gold is at 30596.0, up 15 points while Silver is higher by 141 points to trade at 59519.0. The rupee is trading weaker against the dollar at 53.83, down 12 paise at the time of writing this. Markets may remain range bound today as US banks are closed in observance of Martin Luther King’s birthday. Base Metals are trading slightly lower today on LME after moving higher on Friday; three month Copper is down 31.75 at 8056.25 a ton along with the rest of the metals which are also losing about half a percent since morning. On MCX, prices are slightly lower supported by the weaker rupee with Copper at 438.20 and Nickel at 940.60. Base Metals are expected to trade lower in the evening today. Crude Oil and Natural Gas prices are also range bound today. Oil is at 95.20 a barrel, down 0.38% while Natural Gas is higher by 0.70% at 3.591 per mmBtu. Both the counters are expected to trade a range today.

No Economic Releases today.

Silver as an Investment.

Market Synopsis, Morning Summary: 21st December, 2013



The major Indian equity benchmarks started stable and are trading in the similar levels as that of opening. The third quarter results declared so far has been better than expectation and majority of the markets world over are scaling new highs. Reliance also declared an expectation beating performance and helped benchmarks sustain their early gains. This led the sensex to trade near the level of 20115.19 i.e., up by 76.19 points & the Nifty is trading near the level of 6079.85 i.e., up by nearly 15.45 points. The midcap index and the small cap index are trading in positive zone with the gain of nearly half a percentage point each. On the sectoral front the indices are trading mixed. Oil & Gas index is the biggest gainer with the gains of more than two percentage point, followed by Capital Goods Index , which is trading with the gain of nearly one percentage point. On the other hand Metal index is the biggest looser with the loss of more than quarter of a percentage point. Further, the market breadth Is positively placed , as eight stocks are seen advancing for five declining stocks.

BMA Success Mantra: 21st December, 2012

Saturday 19 January 2013

BMA iq 19th January, 2013

Post your answers below..

BMA Loan

The Best way to fulfill your dreams.
BMA LOAN
 *Repay with easy EMIs*
 *Attractive Interest Rates*
 *Hassle free documentation*
Apply Now >>> www.bmaloan.com


BMA Inspirations- 'Storyteller of Generations" - the life of Rabindranath Tagore


Rabindranath Tagore was born in Calcutta, India into a wealthy Brahmin family. After a brief stay in England (1878) to attempt to study law, he returned to India, and instead pursued a career as a writer, playwright, songwriter, poet, philosopher and educator. During the first 51 years of his life he achieved some success in the Calcutta area of India where he was born and raised with his many stories, songs and plays. His short stories were published monthly in a friend's magazine and he even played the lead role in a few of the public performances of his plays. Otherwise, he was little known outside of the Calcutta area, and not known at all outside of India.
This all suddenly changed in 1912. He then returned to England for the first time since his failed attempt at law school as a teenager. Now a man of 51, his was accompanied by his son. On the way over to England he began translating, for the first time, his latest selections of poems, Gitanjali, into English. Almost all of his work prior to that time had been written in his native tongue of Bengali. He decided to do this just to have something to do, with no expectation at all that his first time translation efforts would be any good. He made the handwritten translations in a little notebook he carried around with him and worked on during the long sea voyage from India. Upon arrival, his son left his father's brief case with this notebook in the London subway. Fortunately, an honest person turned in the briefcase and it was recovered the next day. Tagore's one friend in England, a famous artist he had met in India, Rothenstein, learned of the translation, and asked to see it. Reluctantly, with much persuasion, Tagore let him have the notebook. The painter could not believe his eyes. The poems were incredible. He called his friend, W.B. Yeats, and finally talked Yeats into looking at the hand scrawled notebook.
The rest, as they say, is history. Yeats was enthralled. He later wrote the introduction to Gitanjali when it was published in September 1912 in a limited edition by the India Society in London. Thereafter, both the poetry and the man were an instant sensation, first in London literary circles, and soon thereafter in the entire world. His spiritual presence was awesome. His words evoked great beauty. Nobody had ever read anything like it. A glimpse of the mysticism and sentimental beauty of Indian culture were revealed to the West for the first time. Less than a year later, in 1913, Rabindranath received the Nobel Prize for literature. He was the first non-westerner to be so honored. Overnight he was famous and began world lecture tours promoting inter-cultural harmony and understanding. In 1915 he was knighted by the British King George V. When not traveling he remained at his family home outside of Calcutta, where he remained very active as a literary, spiritual and social-political force.
In 1919, following the Amritsar massacre of 400 Indian demonstrators by British troops, Sir Tagore renounced his Knighthood. Although a good friend of Mohandas Karamchand Gandhi, most of the time Tagore stayed out of politics. He was opposed to nationalism and miltiarism as a matter of principle, and instead promoted spiritual values and the creation of a new world culture founded in multi-culturalism, diversity and tolerance. He served as a spiritual and creative beacon to his countrymen, and indeed, the whole world. He used the funds from his writing and lecturing to expand upon the school he had founded in 1901 now known as Visva Bharati . The alternative to the poor system of education imposed by the British, combined the best of traditional Hindu education with Western ideals. Tagore's multi-cultural educational efforts were an inspiration to many, including his friend, Count Hermann Keyserling of Estonia. Count Keyserling founded his own school in 1920 patterned upon Tagore's school, and the ancient universities which existed in Northern India under Buddhist rule over 2,000 years ago under the name School of Wisdom. Rabindranath Tagore led the opening program of the School of Wisdom in 1920, and participated in several of its programs thereafter.
tagore_at_desk.gifRabindranath Tagore's creative output tells you a lot about this renaissance man. The variety, quality and quantity are unbelievable. As a writer, Tagore primarily worked in Bengali, but after his success with Gitanjali, he translated many of his other works into English. He wrote over one thousand poems; eight volumes of short stories; almost two dozen plays and play-lets; eight novels; and many books and essays on philosophy, religion, education and social topics. Aside from words and drama, his other great love was music, Bengali style. He composed more than two thousand songs, both the music and lyrics. Two of them became the national anthems of India and Bangladesh. In 1929 he even began painting. Many of his paintings can be found in museums today, especially in India, where he is considered the greatest literary figure of India of all times.
Tagore was not only a creative genius, he was a great man and friend to many. For instance, he was also a good friend from childhood to the great Indian Physicist, Bose. He was educated and quite knowledgeable of Western culture, especially Western poetry and Science. This made him a remarkable person, one of the first of our planet to combine East and West, and ancient and modern knowledge. Tagore had a good grasp of modern - post-Newtonian - physics, and was well able to hold his own in a debate with Einstein in 1930 on the newly emerging principles of quantum mechanics and chaos. His meetings and tape recorded conversations with his contemporaries such Albert Einstein and H.G. Wells, stand as cultural landmarks, and show the brilliance of this great man. Although Tagore is a superb representative of his country - India - the man who wrote its national anthem - his life and works go far beyond his country. He is truly a man of the whole Earth, a product of the best of both traditional Indian, and modern Western cultures. The School of Wisdom is proud to have him as part of its heritage. He exemplifies the ideals important to us of Goodness, Meaningful Work, and World Culture.