1. India-Global Market Summary 07-06-2012
• Market rose and hit four and half weeks high after PM announced a big push to
the infrastructure sector to revive sagging economic growth. Gains in world stocks
underpinned sentiment. Sensex rose 1.18% to 16649.05 and Nifty rose 1.05% to
5049.65. From 30-share Sensex pack, 25 stocks gained and the rest fell. The
market breadth was positive.
• Monsoon rains were 36% below average in the week to June 6, reflecting the
delay in the arrival of the seasonal rains over Kerala from the usual June 1 start
date.
• FMCG stocks rose on arrival of monsoon in Kerala early this week. Metal stocks
gained on hopes for Chinese policy-easing. Interest rate sensitive banking, auto
and realty stocks extended recent gains triggered by hopes the Reserve Bank of
India (RBI) will cut interest rates at mid-quarter monetary policy review on 18
June 2012 to prop up slowing economy after data released by the government last
week showed India's economy grew 5.3% in Q4 March 2012, its slowest pace of
expansion in nearly a decade.
.

2. • Gold prices traded mixed. Indian rupee strengthened against dollar
• Ashok Leyland climbed up more than 4.5% in two days after the company received
overseas order
• BHEL today started a 250 mw unit at Harduaganj thermal power project at Uttar
Pradesh.
• Reliance Industries announced an investment of Rs 1 lakh crore to double operating
profits in the next five years
• HCL Technologies had unveiled its Global Delivery Centre for business process
outsourcing services in Quezon City, Manila, Philippines.
• Suzlon Energy had signed an expression of interest with the Government of
Karnataka to develop 2,500 megawatts of new wind power capacity in Karnataka
between 2012 and 2017.
• L&T construction division has secured new orders valued at Rs 2410 crore across
various businesses during first quarter ended June 2012
• Reliance Industries edged higher after the company targeting to double its operating
profit in about five years.

3. Global news
• European stock markets rose on Thursday after the Spanish government sold
more debt than it had targeted in a keenly watched auction. Most Asian stocks
rose on Thursday, 7 June 2012, as investors hoped for US and European
monetary easing to counter growing economic woes. US stocks surged to their
best one-day performance so far this year on Wednesday after the European
Central Bank indicated that it stands ready to cut rates and on hopes for fresh
easing from the Federal Reserve
• Spain today sold 2.07 billion euros in government bonds. Borrowing costs rose
versus previous auctions, but the sale saw strong demand and the government
sold more than euro 1 billion to euro 2 billion targeted by the Treasury.
• The Bank of England (BoE) left its key lending rate unchanged and made no
adjustments to its bond-buying program on Thursday. The central bank's nine-
member Monetary Policy Committee left its key bank rate at a record low
0.5%, where it has stood since March 2009. The panel also made no
adjustment to its 325 billion pounds ($523 billion) asset-buying program.
• The Chinese central bank today announced a surprise cut in interest rates. The
People's Bank of China lowered both its benchmark and deposit rates by a
quarter-point, with the move taking effect from Friday, 8 June 2012. US
Federal Reserve Chairman Ben Bernanke will testify before a congressional
panel today, 7 June 2012, which is expected to shed light on the Fed's view of
the economy and possible policy moves.
•

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