The recent change of guard at the finance ministry, putting the person at helm of affairs who initiated India’s march towards a market-based economy, has been viewed as constructive by various stakeholders in the economy. While this development is certainly a positive, confidence could have been further bolstered had the RBI sent a strong monetary easing signal. Instead, the central bank, in its recent monetary policy, chose to keep rates on hold. Based on our recent interactions with investors, the street is divided on the possibility of rate cut. In fact, Mint Street’s action has led few to believe that there will be no aggressive rate cuts in the current fiscal as RBI continues to target headline inflation. However, our view remains that the central bank should resort to aggressive easing in the current year.
11 July 2012
View of the month - Awaiting a rated move :Edelweiss, PDF link
The recent change of guard at the finance ministry, putting the person at helm of affairs who initiated India’s march towards a market-based economy, has been viewed as constructive by various stakeholders in the economy. While this development is certainly a positive, confidence could have been further bolstered had the RBI sent a strong monetary easing signal. Instead, the central bank, in its recent monetary policy, chose to keep rates on hold. Based on our recent interactions with investors, the street is divided on the possibility of rate cut. In fact, Mint Street’s action has led few to believe that there will be no aggressive rate cuts in the current fiscal as RBI continues to target headline inflation. However, our view remains that the central bank should resort to aggressive easing in the current year.
10 things to know while filing income tax returns :Tax mantra
Time is now. Don't wait for the last date to file your income tax return (July 31, 2012). In order to avoid late payment, interest and penalty know these things before filing income tax returns...
1. Collect the documents required for filing Income tax return
Every taxpayer should collate all income tax related documents for filing returns. So, here is a gist of the documents required:
- Abstract of bank statements
- Proof of investments and Form 16 (Salary certificate issued by the employer)
- Form 16A / TDS certificate
- Challan of tax payment made like advance tax or self assessment tax
- Proof of investments in propertyD
- Documents on purchase and sale of investments/assets
- Collect the TDS certificate and
- Collect home loan certificate
2. Select the IT return form
As per the source of income select the right type of income tax return form as it is the most important part in filing yoiur returns. Income tax department has prescribed different ITR forms to file the returns like ITR-1 (Sahaj), ITR-2, ITR-3, ITR-4, ITR-4S (Sugam). Assessees should choose the right form as required by them to file returns correctly.
Gold to reach $1,800 by year end: GFMS: Business Standard
Gold prices could go up 12.5 per cent and touch $1,800 per ounce in the second half of 2012, according to the Thomson Reuters GFMS Gold Survey, released in Beijing on Tuesday. Improved investment sentiment for gold will help drive prices up, said the survey. Presently, gold is trading at $1,600. However, the upside is expected to be capped by expectations of a surplus market in 2012, said Philip Klapwijk, global head of metals analytics at Thomson Reuters GFMS.
FII trading activity on NSE and BSE on Capital Market Segment 11-Jul-2012
| Category | Buy Value | Sell Value | Net Value |
| FII |
2365.04
| 2280.62 | 84.42 |
| DII |
759.44
| 1116.29 | -356.85 |
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Trading Today (July 11, 2012) Emkay PDF link
Trading Today
(July 11, 2012)
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IndusInd Bank - Q1FY13 result first cut: Microsec
IndusInd Bank Ltd has announced its Q1FY13 result on 10th July 2012. The bank’s total income increased by 6.14% QoQ and 32.62% YoY to INR318.78 crores. It is mainly, because of the healthy YoY growth in bank’s Other Income and Net Interest Income (NII) by 47.99% and 24.13% respectively. The Profit After Tax (PAT) increased by 5.77% QoQ and 31.12% YoY to INR236.26 crores.
Sharekhan Braveheart's Best (Commodities) dated July 10, 2012.
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FII DERIVATIVES STATISTICS FOR 11-Jul-2012
| FII DERIVATIVES STATISTICS FOR 11-Jul-2012 | |||||||
| BUY | SELL | OPEN INTEREST AT THE END OF THE DAY | |||||
| No. of contracts | Amt in Crores | No. of contracts | Amt in Crores | No. of contracts | Amt in Crores | ||
| INDEX FUTURES | 37601 | 990.61 | 43685 | 1141.13 | 561173 | 14408.16 | -150.52 |
| INDEX OPTIONS | 316384 | 8346.35 | 303464 | 8019.97 | 1614001 | 42826.17 | 326.38 |
| STOCK FUTURES | 31528 | 892.65 | 47048 | 1314.82 | 965208 | 26208.86 | -422.17 |
| STOCK OPTIONS | 42848 | 1282.75 | 46280 | 1388.91 | 57986 | 1699.88 | -106.16 |
| Total | -352.46 | ||||||
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NSE, Bulk deals, 11-Jul-2012
| Date | Symbol | Client Name | Buy / Sell | Quantity Traded | Wght. Avg. Price | Remarks | |
| 20MICRONS | 20 Microns Limited | CHANDRASHISH KAMLAKAR UPADHAYAY | BUY | 93,733 | 92.13 | - | |
| 20MICRONS | 20 Microns Limited | CHANDRASHISH KAMLAKAR UPADHAYAY | SELL | 93,733 | 92.50 | - | |
| APPAPER | Andhra Pradesh Paper | CROSSEAS CAPITAL SERVICES PVT. LTD. | BUY | 2,26,322 | 332.20 | - | |
| APPAPER | Andhra Pradesh Paper | CROSSEAS CAPITAL SERVICES PVT. LTD. | SELL | 2,26,322 | 332.81 | - | |
| GEMINI | Gemini Communication Limi | ASSOCIATED CAPSULES PVT LTD | SELL | 15,30,000 | 14.63 | - | |
| GEMINI | Gemini Communication Limi | PRIMESEC INVESTMENTS LIMITED | BUY | 9,00,000 | 15.24 | - | |
| HOTELRUGBY | Hotel Rugby Ltd. | MAUNIK MAHENDRA THACKER | SELL | 1,25,000 | 17.30 | - | |
| HOTELRUGBY | Hotel Rugby Ltd. | SAVITRIDEVI JAIPRAKASH AGARWAL | BUY | 1,28,400 | 17.34 | - | |
| HOTELRUGBY | Hotel Rugby Ltd. | SAVITRIDEVI JAIPRAKASH AGARWAL | SELL | 1,25,095 | 18.25 | - | |
| HOTELRUGBY | Hotel Rugby Ltd. | SHABNAM PETROFILS PRIVATE LIMITED | BUY | 1,19,500 | 18.40 | - | |
| INDOWIND | Indowind Energy Limited | SYNDICATE NIRMAN PVT.LTD. | BUY | 12,01,256 | 4.10 | - | |
| INDOWIND | Indowind Energy Limited | SYNDICATE NIRMAN PVT.LTD. | SELL | 15,49,839 | 4.20 | - | |
| INFOTECENT | Infotech Enterprises Ltd | AMERICAN FUNDS INSURANCE SERIES GLOBAL SMALL CAPITALIZATION | SELL | 10,34,968 | 190.00 | - | |
| INFOTECENT | Infotech Enterprises Ltd | FIRST CARLYLE VENTURES MAURITIUS | BUY | 76,98,817 | 190.00 | - | |
| INFOTECENT | Infotech Enterprises Ltd | KOTAK INDIA FOCUS FUND | SELL | 14,30,360 | 190.02 | - | |
| INFOTECENT | Infotech Enterprises Ltd | SMALL CAP WORLD FND INC. | SELL | 48,83,032 | 190.00 | - | |
| KFA | Kingfisher Airlines Ltd. | LKP MERCHANT FINANCING LTD | SELL | 65,00,000 | 10.54 | - | |
| KFA | Kingfisher Airlines Ltd. | TRANSGLOBAL SECURITIES LTD. | BUY | 44,93,337 | 10.56 | - | |
| KFA | Kingfisher Airlines Ltd. | TRANSGLOBAL SECURITIES LTD. | SELL | 45,67,133 | 10.52 | - | |
| ONELIFECAP | Onelife Cap Advisors Ltd | CROSSEAS CAPITAL SERVICES PVT. LTD. | BUY | 1,01,223 | 444.69 | - | |
| ONELIFECAP | Onelife Cap Advisors Ltd | CROSSEAS CAPITAL SERVICES PVT. LTD. | SELL | 1,01,223 | 444.40 | - | |
| ONELIFECAP | Onelife Cap Advisors Ltd | MARWADI SHARES AND FINANCE LIMITED | BUY | 72,895 | 441.57 | - | |
| ONELIFECAP | Onelife Cap Advisors Ltd | MARWADI SHARES AND FINANCE LIMITED | SELL | 72,895 | 441.54 | - | |
| ONMOBILE | OnMobile Global Limited | ALIVE CONSULTANTS ALIVE | BUY | 7,60,477 | 36.86 | - | |
| ONMOBILE | OnMobile Global Limited | ALIVE CONSULTANTS ALIVE | SELL | 7,60,477 | 36.85 | - | |
| ONMOBILE | OnMobile Global Limited | DEVENDRAKUMAR DHARAMVEER SHARMA | BUY | 9,30,556 | 36.69 | - | |
| ONMOBILE | OnMobile Global Limited | DEVENDRAKUMAR DHARAMVEER SHARMA | SELL | 9,30,556 | 36.70 | - | |
| ONMOBILE | OnMobile Global Limited | TRANSGLOBAL SECURITIES LTD. | BUY | 6,01,368 | 36.65 | - | |
| ONMOBILE | OnMobile Global Limited | TRANSGLOBAL SECURITIES LTD. | SELL | 5,97,368 | 36.67 | - | |
| PRAKASHCON | Prakash Constrowell Ltd | BLUEBERRY TRADING COMPANY PRIVATE LIMITED | BUY | 1,00,000 | 99.00 | - | |
| SELMCL | SEL Manufacturing Company | BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED | BUY | 18,93,186 | 8.93 | - | |
| SELMCL | SEL Manufacturing Company | BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED | SELL | 18,93,186 | 9.39 | - | |
| TEXMOPIPES | Texmo Pipe & Products Ltd | KBC ALDINI CAPITAL MAURITIUS LTD (DR) | SELL | 4,00,000 | 13.06 | - | |
| TEXMOPIPES | Texmo Pipe & Products Ltd | NANUBHAI DAHYABHAI UMEDA | BUY | 1,21,468 | 13.36 | - | |
| TEXMOPIPES | Texmo Pipe & Products Ltd | NANUBHAI DAHYABHAI UMEDA | SELL | 1,14,577 | 13.00 | - | |
| TEXMOPIPES | Texmo Pipe & Products Ltd | PADMANABHA JAGANNATH KOTIAN | BUY | 1,48,397 | 13.07 | - | |
| TEXMOPIPES | Texmo Pipe & Products Ltd | PADMANABHA JAGANNATH KOTIAN | SELL | 92,569 | 13.01 | - | |
| VALECHAENG | Valecha Engineering Limit | ATUL U REGE HUF | BUY | 1,74,183 | 62.49 | - | |
| VALECHAENG | Valecha Engineering Limit | ATUL U REGE HUF | SELL | 73,884 | 63.85 | - | |
| VALECHAENG | Valecha Engineering Limit | ATUL U REGE HUF | SELL | 1,11,833 | 59.11 | - | |
| VALECHAENG | Valecha Engineering Limit | CROSSEAS CAPITAL SERVICES PVT. LTD. | BUY | 1,19,322 | 61.81 | - | |
| VALECHAENG | Valecha Engineering Limit | CROSSEAS CAPITAL SERVICES PVT. LTD. | SELL | 1,19,322 | 62.40 | - |
BSE, Bulk deals, 11/7/2012
| Deal Date | Scrip Code | Company | Client Name | Deal Type * | Quantity | Price ** | ||||
| 11/7/2012 | 533022 | 20 Microns | PRADIPKUMAR KALYANBHAI JIVANI | B | 82422 | 92.00 | ||||
| 11/7/2012 | 533022 | 20 Microns | PRADIPKUMAR KALYANBHAI JIVANI | S | 81722 | 92.21 | ||||
| 11/7/2012 | 526347 | ACCLAIM IND | NARENDRA KUMAR RANGA | B | 35000 | 28.50 | ||||
| 11/7/2012 | 526347 | ACCLAIM IND | ABHISHEK MEHTA | S | 200000 | 28.55 | ||||
| 11/7/2012 | 502330 | AP Paper | CROSSEAS CAPITAL SERVICES PRIVATE LIMITED | B | 225706 | 332.46 | ||||
| 11/7/2012 | 502330 | AP Paper | CROSSEAS CAPITAL SERVICES PRIVATE LIMITED | S | 225706 | 332.18 | ||||
| 11/7/2012 | 531160 | Arcadia Merc | MUKESH SINGHVI HUF | B | 59100 | 9.36 | ||||
| 11/7/2012 | 524760 | Arvind Intl-$ | MANJARI CHIRAG KAMDAR | S | 100000 | 15.09 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | HITESHBHAI N PATEL | B | 150000 | 3.08 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | KANTABEN MANGILAL KANUGO | B | 50000 | 3.08 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | JUGAL MANGILAL KANUGO | B | 50000 | 3.08 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | AMAR GIRISH GANJAWALA | B | 125000 | 3.08 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | BRIJESH JITENDRA PAREKH | B | 100000 | 3.08 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | MIHIR VINAYCHANDRA SHAH | B | 40000 | 3.08 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | MINAL MIHIRSEN SHAH | B | 40000 | 3.08 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | BUDHABHAI RADHABHAI PATEL | S | 110000 | 3.08 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | MEHTA CHIREN CHANDRAKANT | S | 500000 | 3.08 | ||||
| 11/7/2012 | 531458 | BOSTON BIO | SAURIN PRAVINBHAI SHAH | S | 490000 | 3.08 | ||||
| 11/7/2012 | 531648 | Croitre Inds | MAHAN TRADING PRIVATE LIMITED | B | 32400 | 76.26 | ||||
| 11/7/2012 | 531648 | Croitre Inds | KETAN BHUPENDRAKUMAR SHAH | S | 32000 | 76.50 | ||||
| 11/7/2012 | 533090 | EXCEL INFO | AKSHAY H KOTHARI | B | 171216 | 24.66 | ||||
| 11/7/2012 | 531820 | Finalysis Cred | PANKAJ J DAVE | B | 30000 | 66.00 | ||||
| 11/7/2012 | 531820 | Finalysis Cred | SAGAR SADANAND KADAM | B | 30000 | 66.49 | ||||
| 11/7/2012 | 531820 | Finalysis Cred | PANKAJ JAYANTILAL DAVE | B | 60000 | 66.29 | ||||
| 11/7/2012 | 532318 | Gemini Comm | ACG ASSOCIATED CAPSULES PRIVATE LIMITED | S | 610000 | 14.47 | ||||
| 11/7/2012 | 514386 | Gujarat Cotex | CHANDRIKA CHANDULAL MEHTA | B | 40000 | 6.96 | ||||
| 11/7/2012 | 514386 | Gujarat Cotex | PRADIPBHAI R RAITHATHA | S | 56505 | 6.96 | ||||
| 11/7/2012 | 511682 | IFL Promoters | SANJEEV BHANDARI | B | 100000 | 5.72 | ||||
| 11/7/2012 | 511682 | IFL Promoters | REETA SINGHAL | B | 50000 | 5.64 | ||||
| 11/7/2012 | 511682 | IFL Promoters | PAWAN KUMAR SINGHAL | B | 50000 | 5.67 | ||||
| 11/7/2012 | 511682 | IFL Promoters | NORTH INDIA SECURITIES PVT LTD | S | 200000 | 5.69 | ||||
| 11/7/2012 | 532175 | Infotech Enter | FIRST CARLYLE VENTURES MAURITIUS | B | 3400599 | 190.00 | ||||
| 11/7/2012 | 532175 | Infotech Enter | KOTAK INDIA FOCUS FUND | S | 1500000 | 190.00 | ||||
| 11/7/2012 | 533506 | Inventure Growth | NITIN BABAJI PALANDE | B | 180000 | 49.90 | ||||
| 11/7/2012 | 533506 | Inventure Growth | PARAMESHWARI INFRAPROJECTS PRIVATE LIMITED | S | 200000 | 49.89 | ||||
| 11/7/2012 | 530165 | Kanchan Intl | MAHAN TRADING PRIVATE LIMITED | B | 20000 | 61.80 | ||||
| 11/7/2012 | 530165 | Kanchan Intl | RAMCHAND TAHIKANDAS CHHETIJA | S | 20001 | 61.80 | ||||
| 11/7/2012 | 522101 | Kilburn Engr | URMILA DOSHI | B | 126430 | 28.01 | ||||
| 11/7/2012 | 524270 | Magna Colors | DATTAJI DHONDAJI JAGTAP | S | 78000 | 21.16 | ||||
| 11/7/2012 | 511688 | Mathew Easow | JAIDEEP HALWASIYA | B | 78000 | 79.00 | ||||
| 11/7/2012 | 511688 | Mathew Easow | ASHWIN SHANTILAL MEHTA | S | 78057 | 79.00 | ||||
| 11/7/2012 | 532045 | Nexxoft Info | HONNAVALLI GOPALAKRISHNA JAISHREE | S | 63000 | 9.45 | ||||
| 11/7/2012 | 533632 | Onelife Capital | CROSSEAS CAPITAL SERVICES PRIVATE LIMITED | B | 101213 | 444.10 | ||||
| 11/7/2012 | 533632 | Onelife Capital | CROSSEAS CAPITAL SERVICES PRIVATE LIMITED | S | 101213 | 444.78 | ||||
| 11/7/2012 | 590074 | Ortin Lab-$ | SUMIT SUNIL SADH | S | 24002 | 23.00 | ||||
| 11/7/2012 | 505525 | Parichay Invest | ASHLESH GUNVANTBHAI SHAH | S | 6700 | 231.61 | ||||
| 11/7/2012 | 532034 | Parikh Herbals | SOM ARORA | B | 50000 | 345.10 | ||||
| 11/7/2012 | 533605 | Prakash Constrowell | ANUJ PREMKUMAR AGARWAL | B | 100000 | 99.00 | ||||
| 11/7/2012 | 533605 | Prakash Constrowell | GROOVE FINANCE AND INVESTMENT PRIVATE LIMITED | B | 116321 | 100.00 | ||||
| 11/7/2012 | 533605 | Prakash Constrowell | NITIN BABAJI PALANDE | S | 100000 | 100.00 | ||||
| 11/7/2012 | 533411 | Sanghvi Forging | AARAV FINANCIAL SERVICES PRIVATE LIMITED | B | 66219 | 84.66 | ||||
| 11/7/2012 | 533411 | Sanghvi Forging | AARAV FINANCIAL SERVICES PRIVATE LIMITED | S | 82993 | 82.93 | ||||
| 11/7/2012 | 512465 | Santowin Corp | ATHARV BUSINESS PRIVATE LIMITED | B | 515000 | 8.05 | ||||
| 11/7/2012 | 512465 | Santowin Corp | BABULAL BHAGWANDAS KHANDELWAL | S | 502675 | 8.04 | ||||
| 11/7/2012 | 531695 | SHREYCHEM | JAYESH KACHA | B | 44000 | 56.80 | ||||
| 11/7/2012 | 531695 | SHREYCHEM | MAMTABEN SEVARAM TIRATHWANI | B | 35325 | 56.75 | ||||
| 11/7/2012 | 531695 | SHREYCHEM | TOGADIYA HARESHBHAI MADHABHAI | B | 35594 | 59.55 | ||||
| 11/7/2012 | 531695 | SHREYCHEM | PRADIPKUMAR KALYANBHAI JIVANI | B | 143428 | 62.22 | ||||
| 11/7/2012 | 531695 | SHREYCHEM | PRADIPKUMAR KALYANBHAI JIVANI | S | 141028 | 62.32 | ||||
| 11/7/2012 | 531695 | SHREYCHEM | SEVARAM ANANDRAM TIRTHWANI | S | 44717 | 64.15 | ||||
| 11/7/2012 | 531695 | SHREYCHEM | HEMCHAND LAKHAMSHI NAGDA | S | 38000 | 63.56 | ||||
| 11/7/2012 | 526139 | Transgene Bio | BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED | B | 679787 | 17.84 | ||||
| 11/7/2012 | 526139 | Transgene Bio | BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED | S | 635225 | 16.89 | ||||
| 11/7/2012 | 590111 | VAISHNAVI | SAI NITHISHA PARVATHANENI | B | 141173 | 5.18 | ||||
| 11/7/2012 | 532389 | Valecha Engr-$ | CROSSEAS CAPITAL SERVICES PRIVATE LIMITED | B | 118822 | 62.42 | ||||
| 11/7/2012 | 532389 | Valecha Engr-$ | ATUL U REGE HUF | B | 204345 | 62.28 | ||||
| 11/7/2012 | 532389 | Valecha Engr-$ | ATUL U REGE HUF | S | 116067 | 64.59 | ||||
| 11/7/2012 | 532389 | Valecha Engr-$ | CROSSEAS CAPITAL SERVICES PRIVATE LIMITED | S | 118822 | 61.88 | ||||
| * B - Buy, S - Sell | ||||||||||
| ** = Weighted Average Trade Price / Trade Price | ||||||||||
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