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LIC sells shares worth Rs 6,300 cr in Sensex cos

State-owned life insurer LIC lowered its exposure in 15 blue-chip firms during the January-March quarter with sale of shares that are currently worth over Rs 6,300 crore.

At the same time, LIC increased stake in 12 Sensex firms by purchasing shares worth over Rs 13,000 crore, as per the shareholding pattern of 30-bluechip companies on the BSE.

In two companies – Tata Steel and Tata Power – LIC’s stake remained unchanged during the quarter. It has not held any stake in Hindustan Unilever in the past few quarters.
LIC holds 17 percent stake in Larsen & Toubro , the highest it has among the Sensex firms.

At current share prices, LIC offloaded shares worth Rs 6,313 crore in 15 Sensex constituents. At the same time, the insurance giant picked up scrips worth Rs 13,357 crore in 12 blue-chip companies.

The sell-off by the Life Insurance Corporation of India coincided with a surge of 5.74 percent in BSE’s benchmark index Sensex during the January-March quarter. LIC decreased its stake in Reliance Industries , Wipro , Tata Consultancy Services , Infosys , Tata Motors , ONGC , Gail India , Maruti Suzuki , ICICI Bank , HDFC , Sun Pharma , Hero MotoCorp , Sesa Sterlite , Larsen & Toubro and Dr Reddy’s Laboratories among others during the last quarter.

On other hand, the biggest institutional investor in the stock market, shored up holding in Bharti Airtel , BHEL , NTPC , HDFC Bank , Axis Bank , Coal India , ITC , Cipla , Hindalco , Bajaj Auto , State Bank of India ( SBI ) and Mahindra & Mahindra .

Sun Pharma saw LIC reduce exposure to nil, while its stake in ICICI Bank dropped by 0.96 percentage point to 8.74 percent.

Thoughts for a Day

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Ukraine stalemate: Obama poised for new sanctions on Russia

US President Barack Obama said on Thursday he was poised to impose new sanctions on Moscow if it does not act fast to end an armed stand-off in Ukraine, but there was a first, tentative sign that pro-Russian separatists were ceding ground.

Under an international accord signed in Geneva last week, illegal armed groups in Ukraine, including the pro-Russian rebels occupying about a dozen public buildings in the east of the country, are supposed to disarm and go home.

In what has become the worst stand-off between Russia and the West since the Cold War, Washington accuses Moscow of fomenting unrest in Ukraine’s east. Russia denies that and counters that Europe and the United States are propping up an illegitimate government in Kiev. “So far at least we have seen them not abide by the spirit or the letter of the agreement in Geneva,” Obama said of Russia on a visit to Japan. “We have prepared for the possibility of applying additional sanctions,” he told a news conference.

“There’s always the possibility that Russia, tomorrow, or the next day, reverses its course and takes a different approach.” Russian news agencies quoted Foreign Minister Sergei Lavrov as saying that he expected “the Geneva accords will be implemented in practical actions in the near future”. In NATO member Poland, the first group of a contingent of around 600 U.S. soldiers arrived on Wednesday.

They are part of an effort by Washington to reassure eastern European allies who are worried by a build-up of Russian forces near Ukraine’s borders. In Ukraine, the Western-backed government said the city hall in Mariupol, which had been seized by pro-Russian separatists, was now back under central control.

Interior Minister Arsen Avakov said the mayor was back in his office, and that explosives experts were checking the building to make it safe. “In this instance there were no casualties. And that is good and proper. The process of getting the situation back to normal in the city will continue,” Avakov said in a post on his Facebook page.

German business confidence rises April 111.2 vs 110.5 exp

German confidence in the business environment has risen in April, beating economists’ expectations of a fall for Europe’s largest economy.

The influential Ifo survey of 7,000 companies by the Munich think-tank has given a reading of 111.2 for the business climate, ahead of March’s figure of 110.7 and expectations in a Reuters survey of 110.5.

Feelings about current conditions were stable at 115.3, compared to 115.2 in March and expectations of 115.7.

The forward-looking “expectations” index rose to 107.3, up from 106.4 in March and ahead of predictions of a fall to 105.8.

Here’s Markit’s chart showing both the Ifo Business climate index and Germany’s composite purchasing managers’ index at their second-highest levels since mid-2011.



Exclude 7 Stocks from F&O segment in BSE…

Trading Members are requested to note that Futures and options contracts of expiry month July 2014 for following securities in Equity Derivative Segment shall not be available for trading till further notice.


Scrip Code
Scrip Name
Derivative Asset Code

RIL raises USD 550 m from Japanese banks

Reliance_Industries_Ltd_-logo-EAD63F9A9B-seeklogo.comReliance Industries Ltd (RIL) Wednesday said it has raised USD 550 million loan for part-funding expansion of its petrochemical plant and new gasification unit from Japanese banks. “In continuation of the fund raising programme initiated in 2012-13, RIL has tied up Export Credit Agency (ECA) facility of up to USD 550 million co-financed by JBIC (Japan International Bank for Cooperation) and a group of other Japanese banks backed by NEXI,” the company said in a statement.
The 12-year loan will part finance the proposed expansion of RIL’s petrochemical plants and setting up of new gasification unit and refinery off-gas cracker over the next 2-3 years. “This is RIL’s eighth ECA facility for the largest capital expenditure programme it has undertaken,” it said. This is the first time that JBIC is extending credit to RIL.

JBIC will provide direct financing of up to USD 330 million and Japanese banks, supported by a 95 percent Nippon Export and Investment Insurance (NEXI) insurance cover, will finance up to USD 220 million. The participating banks include The Bank of Tokyo-Mitsubishi, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and three regional Japanese banks namely The Gunma Bank,

The Hachijuni Bank, and The Chiba Bank. The facility will have a door-to-door tenor of twelve years and will be used to finance contracts for imports of goods and services signed with more than 20 Japanese suppliers.

US home sales tumble to 8 Month Lows

New home sales in America are running at the weakest pace since last summer.

Sales tumbled 14.5 per cent in March from February to an annualised rate of 384,000, the Commerce Department said on Wednesday.

Economists had forecast a 2.3 per cent rise to an annual rate of 450,000.

America’s housing market is proving one of the slowest parts of the economy to emerge from its winter doldrums, raising concerns that higher mortgage rates and the continued rise in house prices are squeezing activity in the market.

Indeed, the only region of the US to escape a decline in new home sales last month was the northeast, where temperatures were still below average.

The volume of sales fell in the mid-west, the south and the west of the US.

While sales fell, median house prices continued to rise during the month. They climbed to $290,000, up almost 13 per cent from a year ago.


23rd April’14 FII’s & DII’s Activity ( Huge buying in Index Future)

23rd April'14 f&o 23rd April'14 Cash

Updated : 08.18pm / 23rd April’14

China PMI shrinks for fourth month, pace of decline slows

weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown.

Analysts see initial signs of stabilization in the economy due to the government’s targeted measures to underpin growth, but believe more policy support may be needed as structural reforms put additional pressures on activity.
The HSBC/Markit flash Purchasing Managers Index (PMI) for April rose to 48.3 from March’s final reading of 48.0, still below the 50 line separating expansion from contraction. “It’s generally in line (with expectations), reflecting that the growth momentum is stabilizing,” said Zhou Hao, China economist at ANZ in Shanghai, who expected economic growth to pick up slightly to 7.5 percent in the second quarter.

Annual growth in China’s economy slowed to 7.4 percent in the first quarter from a year earlier, its slowest pace in 18 months, but the pace was just ahead of market expectations and seemed to soothe fears of a sharp downturn. China’s central bank will cut the amount of deposits rural banks must hold as reserves by between 0.5 and 2 percentage points, it said on Tuesday, the latest in a series of measures to help combat a slowing economy.

CICC estimated that the reserve cut could release 110 billion yuan (USD 17.64 billion) of bank liquidity, while Nomura put the amount at 80-90 billion yuan, which was small given the size of the economy.

Banknifty Future Booked 75 Points Profit….

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Banknifty Future Booked 75 Points Profit in Range bound market!!

Recommend buying alert @ 13025……..

Booked Profit at 13100……. 75 Points Profit Booked!!

Now nil position……. waiting for 2.30pm volatile!!

Updated : 01.46pm / 23rd April’14

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