24 June 2010 Closing Market Updates 15:32
Today on the expiry of June month Derivatives contract also market ended with a minor losses.Spot Nifty ended at 5312.35 with 10.80 points of gain but Sensex closed at 17683.41 with 72.53 points of losses.July month Nifty Future ended with 1.55 point in premium at 5313.90.
Among the BSE Sectoral Indices, FMCG index was the top gainer with 0.76% while Realty index was the top loser by 0.89%
Axis Bank was the top gainer in Nifty50 with 1.41% and ended at 1267 and Kotakbank ended at 755.55 with 3.64%
Market breadth was mixed as 697 stocks gained and 605 stocks declined today on NSE.
Thursday, June 24, 2010
24 June 2010 Intraday Calls
24 June 2010 Morning Market Updates 08:50
Today market will open on lower side because of weak Asian markets.Nifty may corrects upto 5280-5285 levels.
Intraday Calls :
Buy Aban Abv 746 sl 740 T 756
Buy ACC Around 866 sl 858 T 876
Buy BPCL Abv 561 sl 553 T 573
Sell Bhel Bel 2423 sl 2436 T 2410
Sell HCLTech Bel 370 sl 375 T 363
Sell HDFCBank Bel 1988 sl 2005 T 1946 Positional
Sell M&M Bel 626 sl 632 T 616
Sell Rcom Bel 179 sl 184 T 170
Sell Relcapital Bel 754 sl 762 T 744
Sell SBIN Bel 2335 sl 2360 T 2270 Positional
Sell RNRL Bel 63 sl 65 T 59
Stocks in News ;
HCL Corp to sell 1 cr shares or 1.48% in HCL Tech Via Block Deal
Alert: HCL Corp is promoter company of HCL Tech
Block Deal to take place between Rs 354-360/sh today
ALERT: HCL Corp Owns 50.27% Stake in HCL Tech
Deutsche Bank likely to be one of the bankers
Sources Say:
ING Bank To Sell Its Entire Stake In Kotak Mahindra Bank
ING Bank To Sell Entire Stake In Kotak Bank Via Block Deal
Book Size: 70 Lakh Shares; Upsize Of 36 Lakh Shares
ING To Sell Stake For Rs 730- Rs 750/sh; CMP At Rs 783.20/sh
Book Opened To Institutional Investors
ING Bank Holds 3.07% Stake :: In Kotak Mahindra Bank
Ex-Dates Today
Yes Bank : Ex-Dividend Rs.1.5/shr
Union Bank of India : Ex-Dividend Rs.5.5/shr
Bank of Baroda : ex-Dividend Rs.15/shr
Other stocks and sectors in the news
Vishal Retail board approves MoU With TPG In Accordance With CDR
Balaji Telefilms receives notice from the Thane City Civil Court from RNA builders for 13,890sq mt dispute
Re-Listiing : Kirloskar Oil Engines ((Investment business , expected listing around Rs.450-500))
Board Meet Today: Edelweiss Capital : Stock Split/Bonus
Fortis : 3 Parkway Directors may vote against Malaysian bid : BL
Cable Corp to develop Rs.1000cr land :BL
Essar Shipping plans $250 m FCCB : DNA
F&O cues:
Futures Open Int up Rs 2321 crore, Options Open Int up Rs 2390 crore
Nifty futures add 35 lakh shares in total Open Int
Nifty July at 7-point premium, June at 2-point premium
Nifty Open Int PCR for all series at 1.84 versus 1.80
Nifty Open Int PCR for next series at 1.28
Nifty Puts add 34 lakh shares, Nifty Calls add 6.5 lakh shares in Open Int
Nifty July 5100 Put adds 18 lakh shares in Open Int
Nifty June 5300 Put adds 7 lakh shares in Open Int
Nifty July 5500 Call adds 10 lakh shares in Open Int
Nifty Jul 5400 Call adds 8.5 lakh shares in Open Int
Stock futures add 1.6 cr shares in Open Int
FIIs in F&O on June 23
Net buy Rs 141 crore in Nifty futures
Nifty Futures Open Int up 1.55 lakh contracts
Net buy Rs 1305 crore in Nifty options
Nifty Options Open Int up 52,560 contracts
Net sell Rs 473 crore in Stock futures
Stock Futures Open Int up 30,604 contracts
Today market will open on lower side because of weak Asian markets.Nifty may corrects upto 5280-5285 levels.
Intraday Calls :
Buy Aban Abv 746 sl 740 T 756
Buy ACC Around 866 sl 858 T 876
Buy BPCL Abv 561 sl 553 T 573
Sell Bhel Bel 2423 sl 2436 T 2410
Sell HCLTech Bel 370 sl 375 T 363
Sell HDFCBank Bel 1988 sl 2005 T 1946 Positional
Sell M&M Bel 626 sl 632 T 616
Sell Rcom Bel 179 sl 184 T 170
Sell Relcapital Bel 754 sl 762 T 744
Sell SBIN Bel 2335 sl 2360 T 2270 Positional
Sell RNRL Bel 63 sl 65 T 59
Stocks in News ;
HCL Corp to sell 1 cr shares or 1.48% in HCL Tech Via Block Deal
Alert: HCL Corp is promoter company of HCL Tech
Block Deal to take place between Rs 354-360/sh today
ALERT: HCL Corp Owns 50.27% Stake in HCL Tech
Deutsche Bank likely to be one of the bankers
Sources Say:
ING Bank To Sell Its Entire Stake In Kotak Mahindra Bank
ING Bank To Sell Entire Stake In Kotak Bank Via Block Deal
Book Size: 70 Lakh Shares; Upsize Of 36 Lakh Shares
ING To Sell Stake For Rs 730- Rs 750/sh; CMP At Rs 783.20/sh
Book Opened To Institutional Investors
ING Bank Holds 3.07% Stake :: In Kotak Mahindra Bank
Ex-Dates Today
Yes Bank : Ex-Dividend Rs.1.5/shr
Union Bank of India : Ex-Dividend Rs.5.5/shr
Bank of Baroda : ex-Dividend Rs.15/shr
Other stocks and sectors in the news
Vishal Retail board approves MoU With TPG In Accordance With CDR
Balaji Telefilms receives notice from the Thane City Civil Court from RNA builders for 13,890sq mt dispute
Re-Listiing : Kirloskar Oil Engines ((Investment business , expected listing around Rs.450-500))
Board Meet Today: Edelweiss Capital : Stock Split/Bonus
Fortis : 3 Parkway Directors may vote against Malaysian bid : BL
Cable Corp to develop Rs.1000cr land :BL
Essar Shipping plans $250 m FCCB : DNA
F&O cues:
Futures Open Int up Rs 2321 crore, Options Open Int up Rs 2390 crore
Nifty futures add 35 lakh shares in total Open Int
Nifty July at 7-point premium, June at 2-point premium
Nifty Open Int PCR for all series at 1.84 versus 1.80
Nifty Open Int PCR for next series at 1.28
Nifty Puts add 34 lakh shares, Nifty Calls add 6.5 lakh shares in Open Int
Nifty July 5100 Put adds 18 lakh shares in Open Int
Nifty June 5300 Put adds 7 lakh shares in Open Int
Nifty July 5500 Call adds 10 lakh shares in Open Int
Nifty Jul 5400 Call adds 8.5 lakh shares in Open Int
Stock futures add 1.6 cr shares in Open Int
FIIs in F&O on June 23
Net buy Rs 141 crore in Nifty futures
Nifty Futures Open Int up 1.55 lakh contracts
Net buy Rs 1305 crore in Nifty options
Nifty Options Open Int up 52,560 contracts
Net sell Rs 473 crore in Stock futures
Stock Futures Open Int up 30,604 contracts
Wednesday, June 23, 2010
23 June 2010 Closing Market Updates
23 June 2010 Closing Market Updates 15:32
Flat market ended with minor gains with a cautious note before the July Derivative expiry.Nifty closed at 5328.25 with 11.70 points of gain and Sensex closed at 17759.78 with just 10.09 points of gain.
Among BSE Sectoral Indices, Realty gained the most by 1.43%. while Capital goods index was the leading loser by 1.38%.
In Nifty50 stocks, Maruti gained most by 3.18% and closed at 1412.60 whereas L&T was the loser by 3.19% and closed at 1767
Market breadth was positive as 845 stocks gained and 454 stocks declined today on NSE.
Flat market ended with minor gains with a cautious note before the July Derivative expiry.Nifty closed at 5328.25 with 11.70 points of gain and Sensex closed at 17759.78 with just 10.09 points of gain.
Among BSE Sectoral Indices, Realty gained the most by 1.43%. while Capital goods index was the leading loser by 1.38%.
In Nifty50 stocks, Maruti gained most by 3.18% and closed at 1412.60 whereas L&T was the loser by 3.19% and closed at 1767
Market breadth was positive as 845 stocks gained and 454 stocks declined today on NSE.
23 June 2010 Morning Market Updates
23 June 2010 Morning Market Updates 08:50
Market will open in continuation of yesterday's slide.Asian markets are trading weak as US markets closed negative.We can expect a downside upto 5285-5290 levels to get a support.Another uncertainty is the most awaited meeting of Empowered Group of Ministers (EGoM) which will be held on this Friday.Therefore we expect more volatility in PSU Oil stocks.
Stocks in News :
China Ministry Of Finance ((Steel stocks to benefit))
-Eliminating VAT rebate of certain export products
-Eliminating 9% export rebate primarily flat products & long products w.e.f July 15
GST -Petro, Gas, Alcohol, Octroi likely out of GST net: Sources
-Electricity duty likely out of GST net: sources
Bank of Rajathan CEO
-We are awaiting legal opinion, to see if legal process can reach a conclusion
-Interested in complying with majority shareholders' decision
MTNL
-MTNL pays up Rs 4,534 crore for BWA spectrum
-Entire amount raised from 3 banks ((ICICI Bank, Central Bank & Yes Bank))
Ex-Dates today
-Kansai Nerolac Paints : Ex-Bonus 1:1
-Genesys International : Ex-Split 2:1
-UCO Bank : Ex-Dividend @ Rs 1.5/share
-United Bank of India : Ex-Dividend @ Rs 2/share
Insurance update
-May industry premium collections up 61% at Rs 13,963 crore (YoY)
-LIC May new premium up 88% at Rs 10,081 crore (YoY)
-Private companies' May new premium up 17% at Rs 3,882 crore (YoY)
-SBI Life May new premium down 19% at Rs 627 crore (YoY)
-ICICI Pru May new premium up 58% at Rs 761 crore (YoY)
-PMO gives a push for FDI in arillines.
F&O cues:
Futures Open Int up Rs 2384 crore, Options Open Int up Rs 1673 crore
Nifty futures add 47 lakh shares in total Open Int
Nifty July futures at 11-point premium
Nifty Open Int PCR at 1.80 versus 1.76
Nifty Puts add 26 lakh shares, Nifty Calls add 3 lakh shares in Open Int
Nifty Jul 5200 Put adds 11 lakh shares in Open Int
Nifty Jul 5300 Put adds 8.9 lakh shares in Open Int
Nifty June 5200 Put sheds 6.5 lakh shares in Open Int
Nifty June 5200 Call sheds 10.8 lakh shares in Open Int
Stock futures add 1.1 cr shares in Open Int
Rollover stats
Marketwide rollover at 46%, in line with May expiry
Nifty rollover at 40% versus 45% in May expiry
Nifty long roll cost up to 8 points from 5 points on Monday
FIIs in F&O on June 22
Net sell Rs 215 crore in Nifty Futures
Net buy Rs 1617 crore in Nifty Options
Net sell Rs 746 crore in Stock Futures
EGoM :
The stocks of PSU oil marketing companies IOC, BPCL and HPCL were up by three to four per cent on Tuesday on the hope that the government may finally bite the bullet and decontrol fuel prices.
However, the government is facing stiff resistance from both the allies and opposition parties on any hike in the prices of petroleum products.
What has made the decision to decontrol fuel price more difficult for the government is that the inflation in May crossed double digits and any fuel price increase at this juncture will make the lives of people more difficult. But the petroleum ministry and the planning commission are reportedly pushing for the decontrol of fuel prices.
The first meeting of the EGoM which took place two weeks back had failed to reach any conclusion as a majority of members were absent. Since then the petroleum ministry has been trying to hold the second meeting of the EGoM to reach to a decision.
In order to lower the impact of the fuel price hike, Mr Deora had written to the chief ministers asking them to lower the VAT imposed on the petroleum products.
Petrol price will go up Rs 3.73 a litre if the domestic prices are aligned with international rates. This is because currently domestic retail prices are benchmarked at close to $60 per barrel crude oil price while the global rates currently are over $ 77 per barrel.
The Kirit Parikh committee on the fuel pricing had in its report recommended freeing of petrol and diesel prices and a hike of Rs 100 in LPG and Rs 6 per litre in kerosene.
Market will open in continuation of yesterday's slide.Asian markets are trading weak as US markets closed negative.We can expect a downside upto 5285-5290 levels to get a support.Another uncertainty is the most awaited meeting of Empowered Group of Ministers (EGoM) which will be held on this Friday.Therefore we expect more volatility in PSU Oil stocks.
Stocks in News :
China Ministry Of Finance ((Steel stocks to benefit))
-Eliminating VAT rebate of certain export products
-Eliminating 9% export rebate primarily flat products & long products w.e.f July 15
GST -Petro, Gas, Alcohol, Octroi likely out of GST net: Sources
-Electricity duty likely out of GST net: sources
Bank of Rajathan CEO
-We are awaiting legal opinion, to see if legal process can reach a conclusion
-Interested in complying with majority shareholders' decision
MTNL
-MTNL pays up Rs 4,534 crore for BWA spectrum
-Entire amount raised from 3 banks ((ICICI Bank, Central Bank & Yes Bank))
Ex-Dates today
-Kansai Nerolac Paints : Ex-Bonus 1:1
-Genesys International : Ex-Split 2:1
-UCO Bank : Ex-Dividend @ Rs 1.5/share
-United Bank of India : Ex-Dividend @ Rs 2/share
Insurance update
-May industry premium collections up 61% at Rs 13,963 crore (YoY)
-LIC May new premium up 88% at Rs 10,081 crore (YoY)
-Private companies' May new premium up 17% at Rs 3,882 crore (YoY)
-SBI Life May new premium down 19% at Rs 627 crore (YoY)
-ICICI Pru May new premium up 58% at Rs 761 crore (YoY)
-PMO gives a push for FDI in arillines.
F&O cues:
Futures Open Int up Rs 2384 crore, Options Open Int up Rs 1673 crore
Nifty futures add 47 lakh shares in total Open Int
Nifty July futures at 11-point premium
Nifty Open Int PCR at 1.80 versus 1.76
Nifty Puts add 26 lakh shares, Nifty Calls add 3 lakh shares in Open Int
Nifty Jul 5200 Put adds 11 lakh shares in Open Int
Nifty Jul 5300 Put adds 8.9 lakh shares in Open Int
Nifty June 5200 Put sheds 6.5 lakh shares in Open Int
Nifty June 5200 Call sheds 10.8 lakh shares in Open Int
Stock futures add 1.1 cr shares in Open Int
Rollover stats
Marketwide rollover at 46%, in line with May expiry
Nifty rollover at 40% versus 45% in May expiry
Nifty long roll cost up to 8 points from 5 points on Monday
FIIs in F&O on June 22
Net sell Rs 215 crore in Nifty Futures
Net buy Rs 1617 crore in Nifty Options
Net sell Rs 746 crore in Stock Futures
EGoM :
The stocks of PSU oil marketing companies IOC, BPCL and HPCL were up by three to four per cent on Tuesday on the hope that the government may finally bite the bullet and decontrol fuel prices.
However, the government is facing stiff resistance from both the allies and opposition parties on any hike in the prices of petroleum products.
What has made the decision to decontrol fuel price more difficult for the government is that the inflation in May crossed double digits and any fuel price increase at this juncture will make the lives of people more difficult. But the petroleum ministry and the planning commission are reportedly pushing for the decontrol of fuel prices.
The first meeting of the EGoM which took place two weeks back had failed to reach any conclusion as a majority of members were absent. Since then the petroleum ministry has been trying to hold the second meeting of the EGoM to reach to a decision.
In order to lower the impact of the fuel price hike, Mr Deora had written to the chief ministers asking them to lower the VAT imposed on the petroleum products.
Petrol price will go up Rs 3.73 a litre if the domestic prices are aligned with international rates. This is because currently domestic retail prices are benchmarked at close to $60 per barrel crude oil price while the global rates currently are over $ 77 per barrel.
The Kirit Parikh committee on the fuel pricing had in its report recommended freeing of petrol and diesel prices and a hike of Rs 100 in LPG and Rs 6 per litre in kerosene.
Tuesday, June 22, 2010
22 June Market Closing:
22 June Market Closing:
Nifty closed 96.75 points down at 5316.55
Sensex closed 126.86 down at 11749.69
Nifty closed 96.75 points down at 5316.55
Sensex closed 126.86 down at 11749.69
22 June Morning Marktet Updates:
22 June Morning Marktet Updates:
Stocks that are in news today:
Yes Bank
Rabo Bank puts its 11% stake in Yes Bank on the block
Deal to be executed today via block deal
Rabo Bank to sell 3.73 crore shares of Yes Bank at Rs 260-270/share
Oil Ministry
Oil Ministry writes to several CMs to rationalise taxes
Oil Ministry asks state govts to reduce VAT on petrol, diesel
Replace ad-valorem levies with specific rates: Murli Deora
Ad valorem rates aggravates impact of global oil prices on consumer: Murli Deora
Car makers
Car makers likely to hike prices in July by 3-5%
Price hike to be announced in first week of July by automakers
Hike on account of raw material prices going up
Maruti, Hyundai, M&M, Tata Motors likely to hike prices
Will be the fourth price hike since January 2010
Automakers Say
Prices of steel and rubber have gone up 20-25% in Apr-May 2010
January price hike was due to rise in input costs
Second 2% excise duty hike in the Union Budget
Third in April 2010 due to implementation of new emission norms
Tulip Tele
Tulip Tele, Global Group in talks to acquire 13% each in Qualcomm BWA venture
Global Group is holding co of GTL Infra, GTL
Tulip Tele eyeing entire 26% stake in Qualcomm Venture
26% in Qualcomm Venture likely to be valued bet USD 100-200 million
Qualcomm won four circles in BWA auctions for USD 1 billion
Circles include Delhi, Mumbai, Haryana, Kerala
F&O cues:
Futures Open Int up Rs 792 crore
Options Open Int up Rs 2584 crore
Nifty Futures shed 2 lakh shares in total Open Int
Nifty Futures rollover at 27%
Nifty June at 4-point premium
Nifty July at 11-point premium
Nifty Open Int PCR at 1.76 versus 1.67
Nifty Puts add 49 lakh shares in Open Int
Nifty Calls shed 4 lakh shares in Open Int
Nifty June 5300 Put adds 33 lakh shares in Open Int
Nifty June 5400 Put adds 16 lakh shares in Open Int
Nifty July 5300 Put adds 10 lakh shares in Open Int
Nifty June 5400 Call adds 14.6 lakh shares in Open Int
Nifty July 5400 Call adds 6.9 lakh shares in Open Int
Nifty June 5200 Call sheds 19 lakh shares in Open Int
Stock Futures shed 0.5 cr shares in Open Int
Mktwide rollover at 32% versus 29% last time
Nifty rollover at 27% versus 29% last time
United Phosphorus
64% rollover vs 24%, Open Int up 2.5x from last expiry
Suzlon
Highest next mth Open Int in value terms
FIIs in F&O on June 21
Net buy Rs 426 crore in Nifty Futures
Net buy Rs 1092 crore in Nifty Options
Net sell Rs 196 crore in Stock Futures
Market cues:
US mkts take a breather, end with minor losses
MSCI keeps South Korea & Taiwan in EMs
FIIs were net buyers of USD 151 million in equities on June 18
NSE F&O Open Int was up by Rs 3376 crore at Rs 1.52 lakh crore
As per provisional data of June 21, FIIs were net buyers of Rs 1564 crore; DIIs were net sellers of Rs 561 crore in cash markets. FIIs were net buyers of Rs 1321 crore in F&O.
US Markets:
In the US markets, stocks snapped a four-session winning streak as the dollar gained and the China-fueled rally petered out. News that China will let its yuan move more freely triggered a strong buying effort but a gradual loss of support left stocks to surrender all of their gains. The rally faded on growing doubts about how big an impact such a move would have as Beijing is expected to do it gradually.
Materials and industrials were the biggest gainers, while consumer discretionary and tech were among the weakest links. Alcoa was among the major gainers of the day.
The CBOE volatility index was above 25 at the closing bell.
Nasdaq Composite was down 0.90% or 20.71 points at 2289.09. Dow Jones Industrial Average was down 0.085 or 8.23 points at 10442.41. Standard & Poor's 500 was down 0.39% or 4.31 points at 1113.2.
In the currency space - the euro fell slightly against the dollar to 1.2313 levels after trading at one-month high of 1.2490. Traders sold the euro after it failed to get above the 1.2350 mark. It is trading further lower in Asia this morning. The dollar rose against the yen as well and the dollar index is close to the 86 levels.
Crude declined for the first time in three days as optimism faded that China's plan to add more flexibility in the yuan's fixed exchange rate would strengthen the global economic recovery. Crude closed New York trade below the USD 78 levels it hit earlier yesterday. A pullback by the euro and a slide in natural gas futures also curbed the rally.
Copper also pared its gains after it was up strongly in response to the news about the yuan. The metal rose the most in a week earlier yesterday on speculation that demand may grow after China signaled an end to the yuan's fixed rate against the dollar. However, most industrial metals pared gains as the yuan optimism faded.
Gold fell nearly 2% posting its biggest one-day drop in more than a month, after a sudden decline in the euro prompted investors to take profits from all-time highs set in earlier trading. Earlier in the session, gold rose to a record high above 1,260 dollar an ounce.
Stocks that are in news today:
Yes Bank
Rabo Bank puts its 11% stake in Yes Bank on the block
Deal to be executed today via block deal
Rabo Bank to sell 3.73 crore shares of Yes Bank at Rs 260-270/share
Oil Ministry
Oil Ministry writes to several CMs to rationalise taxes
Oil Ministry asks state govts to reduce VAT on petrol, diesel
Replace ad-valorem levies with specific rates: Murli Deora
Ad valorem rates aggravates impact of global oil prices on consumer: Murli Deora
Car makers
Car makers likely to hike prices in July by 3-5%
Price hike to be announced in first week of July by automakers
Hike on account of raw material prices going up
Maruti, Hyundai, M&M, Tata Motors likely to hike prices
Will be the fourth price hike since January 2010
Automakers Say
Prices of steel and rubber have gone up 20-25% in Apr-May 2010
January price hike was due to rise in input costs
Second 2% excise duty hike in the Union Budget
Third in April 2010 due to implementation of new emission norms
Tulip Tele
Tulip Tele, Global Group in talks to acquire 13% each in Qualcomm BWA venture
Global Group is holding co of GTL Infra, GTL
Tulip Tele eyeing entire 26% stake in Qualcomm Venture
26% in Qualcomm Venture likely to be valued bet USD 100-200 million
Qualcomm won four circles in BWA auctions for USD 1 billion
Circles include Delhi, Mumbai, Haryana, Kerala
F&O cues:
Futures Open Int up Rs 792 crore
Options Open Int up Rs 2584 crore
Nifty Futures shed 2 lakh shares in total Open Int
Nifty Futures rollover at 27%
Nifty June at 4-point premium
Nifty July at 11-point premium
Nifty Open Int PCR at 1.76 versus 1.67
Nifty Puts add 49 lakh shares in Open Int
Nifty Calls shed 4 lakh shares in Open Int
Nifty June 5300 Put adds 33 lakh shares in Open Int
Nifty June 5400 Put adds 16 lakh shares in Open Int
Nifty July 5300 Put adds 10 lakh shares in Open Int
Nifty June 5400 Call adds 14.6 lakh shares in Open Int
Nifty July 5400 Call adds 6.9 lakh shares in Open Int
Nifty June 5200 Call sheds 19 lakh shares in Open Int
Stock Futures shed 0.5 cr shares in Open Int
Mktwide rollover at 32% versus 29% last time
Nifty rollover at 27% versus 29% last time
United Phosphorus
64% rollover vs 24%, Open Int up 2.5x from last expiry
Suzlon
Highest next mth Open Int in value terms
FIIs in F&O on June 21
Net buy Rs 426 crore in Nifty Futures
Net buy Rs 1092 crore in Nifty Options
Net sell Rs 196 crore in Stock Futures
Market cues:
US mkts take a breather, end with minor losses
MSCI keeps South Korea & Taiwan in EMs
FIIs were net buyers of USD 151 million in equities on June 18
NSE F&O Open Int was up by Rs 3376 crore at Rs 1.52 lakh crore
As per provisional data of June 21, FIIs were net buyers of Rs 1564 crore; DIIs were net sellers of Rs 561 crore in cash markets. FIIs were net buyers of Rs 1321 crore in F&O.
US Markets:
In the US markets, stocks snapped a four-session winning streak as the dollar gained and the China-fueled rally petered out. News that China will let its yuan move more freely triggered a strong buying effort but a gradual loss of support left stocks to surrender all of their gains. The rally faded on growing doubts about how big an impact such a move would have as Beijing is expected to do it gradually.
Materials and industrials were the biggest gainers, while consumer discretionary and tech were among the weakest links. Alcoa was among the major gainers of the day.
The CBOE volatility index was above 25 at the closing bell.
Nasdaq Composite was down 0.90% or 20.71 points at 2289.09. Dow Jones Industrial Average was down 0.085 or 8.23 points at 10442.41. Standard & Poor's 500 was down 0.39% or 4.31 points at 1113.2.
In the currency space - the euro fell slightly against the dollar to 1.2313 levels after trading at one-month high of 1.2490. Traders sold the euro after it failed to get above the 1.2350 mark. It is trading further lower in Asia this morning. The dollar rose against the yen as well and the dollar index is close to the 86 levels.
Crude declined for the first time in three days as optimism faded that China's plan to add more flexibility in the yuan's fixed exchange rate would strengthen the global economic recovery. Crude closed New York trade below the USD 78 levels it hit earlier yesterday. A pullback by the euro and a slide in natural gas futures also curbed the rally.
Copper also pared its gains after it was up strongly in response to the news about the yuan. The metal rose the most in a week earlier yesterday on speculation that demand may grow after China signaled an end to the yuan's fixed rate against the dollar. However, most industrial metals pared gains as the yuan optimism faded.
Gold fell nearly 2% posting its biggest one-day drop in more than a month, after a sudden decline in the euro prompted investors to take profits from all-time highs set in earlier trading. Earlier in the session, gold rose to a record high above 1,260 dollar an ounce.
Monday, June 21, 2010
21 June 2010 Closing Market Updates
21 June 2010 Closing Market Updates 15:32
Strong global cues pulled the indices to end higher side.Nifty closed at 5346.30 with 83.70 points gain.Nifty June month Future ended with approx.8 points premium at 5354.15.Sensex closed at 17863.15 which was 292.33 points higher than previous close.
All the BSE Sectoral indices closed in positive.Metals shone.Metal index gained the most among the BSE Ectoral Indices by 5.09%.
In Nifty50 stocks, Tatasteel gained the most by 6.31% and closed at 503.65 while HCL Tech lost by 0.32% and ended at 388.
Advance/Decline ratio was positive to 2.5 : 1 as 925 stocks gained and 370 stocks declined today on NSE.
Strong global cues pulled the indices to end higher side.Nifty closed at 5346.30 with 83.70 points gain.Nifty June month Future ended with approx.8 points premium at 5354.15.Sensex closed at 17863.15 which was 292.33 points higher than previous close.
All the BSE Sectoral indices closed in positive.Metals shone.Metal index gained the most among the BSE Ectoral Indices by 5.09%.
In Nifty50 stocks, Tatasteel gained the most by 6.31% and closed at 503.65 while HCL Tech lost by 0.32% and ended at 388.
Advance/Decline ratio was positive to 2.5 : 1 as 925 stocks gained and 370 stocks declined today on NSE.
20 June Morning Market Updates:
20 June Morning Market Updates:
Stocks that are in news today:
Maytas Infra
Bin Laden Group to pick up 20% stake in Maytas Infra via preferential allotment
Maytas Infra open offer at Rs 195.72/share
Open offer opens on August 12
IL&FS stake to come down to 29%
Maytas Infra sources say confident of announcing FY10 results by June 30
ALERT: Bin Laden Group is West-Asian construction conglomerate
Insurance stocks in focus
Law ministry ordinance says ULIPs governed by IRDA
New ULIP guidelines likely today, new ULIPs will not require SEBI nod: Sources
Reliance Broadcast Network
In JV with CBS of US
JV to own, operate television channels in India
RBN & CBS will have equal 50% equity interest in JV
To start with English language general entertainment channels
JV to explore Hindi, regional entertainment channels in phase-II
Deepak Parekh to CNBC-TV18
SPV of HDFC’s Investment in unlisted cos to take shape by this year
Forthcoming AGM will not spell SPV details
Ex-Dates
Sterlite : Bonus @ 1:1 & Stock Split @ 2:1
Ultra Tech Cement : Ex-Dividend @ Rs 6/share
Corporation Bank : Ex-Dividend @ Rs 16.5/share
RS Software: Ex-Bonus @ 28:10
Panoramic Universal : Ex-Bonus @ Rs.5:1
Market cues:
Law Ministry Ordinance says ULIPs governed by IRDA
New ULIP guidelines likely today
New ULIPs will not require SEBI nod: Sources
China to allow flexibility in Yuan
FIIs were net buyers of USD 117 million in equities on June 17
NSE F&O Open Int was up Rs 4593 crore at Rs 1.48 lakh crore
As per provisional data of June 18, FIIs were net buyers of Rs 779 crore; DIIs were net sellers of Rs 500 crore in cash markets. FIIs were net buyers of Rs 128 crore in F&O.
F&O cues:
Futures Open Int up Rs 1662 crore
Options Open Int up Rs 2357 crore
Nifty June Futures shed 10 lakh shares in Open Int
Nifty June Futures at 10-point premium
Nifty July Futures add 10 lakh shares in Open Int
Nifty July Futures at 9-point premium
Nifty Open Int PCR at 1.64 versus 1.56
Nifty Puts add 44 lakh shares in Open Int
Nifty Calls shed 6.5 lakh shares in Open Int
Nifty 5200 Put adds 13 lakh shares in Open Int
Nifty 5300 Put adds 12 lakh shares in Open Int
Nifty 5200 Call sheds 10 lakh shares in Open Int
Stock Futures add 1.5 cr shares in Open Int
FIIs in F&O on June 17
Net buy Rs 359 cr in Nifty Futures
Net buy Rs 90 cr in Nifty Options
Net buy Rs 120 cr in Stock Futures
US Market::
US stocks rose slightly in another lightly traded session on Friday, ending a nervous week higher despite signs of economic weakness at home and worries about public debt in Europe.
The Dow Jones Industrial Average gained 16.17 points, or 0.15%, to 10,450.34. The Standard & Poor's 500 Index added 1.37 points, or 0.12%, to 1,117.41. The Nasdaq Composite Index rose 2.64 points, or 0.11%, to 2,309.80.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Stocks that are in news today:
Maytas Infra
Bin Laden Group to pick up 20% stake in Maytas Infra via preferential allotment
Maytas Infra open offer at Rs 195.72/share
Open offer opens on August 12
IL&FS stake to come down to 29%
Maytas Infra sources say confident of announcing FY10 results by June 30
ALERT: Bin Laden Group is West-Asian construction conglomerate
Insurance stocks in focus
Law ministry ordinance says ULIPs governed by IRDA
New ULIP guidelines likely today, new ULIPs will not require SEBI nod: Sources
Reliance Broadcast Network
In JV with CBS of US
JV to own, operate television channels in India
RBN & CBS will have equal 50% equity interest in JV
To start with English language general entertainment channels
JV to explore Hindi, regional entertainment channels in phase-II
Deepak Parekh to CNBC-TV18
SPV of HDFC’s Investment in unlisted cos to take shape by this year
Forthcoming AGM will not spell SPV details
Ex-Dates
Sterlite : Bonus @ 1:1 & Stock Split @ 2:1
Ultra Tech Cement : Ex-Dividend @ Rs 6/share
Corporation Bank : Ex-Dividend @ Rs 16.5/share
RS Software: Ex-Bonus @ 28:10
Panoramic Universal : Ex-Bonus @ Rs.5:1
Market cues:
Law Ministry Ordinance says ULIPs governed by IRDA
New ULIP guidelines likely today
New ULIPs will not require SEBI nod: Sources
China to allow flexibility in Yuan
FIIs were net buyers of USD 117 million in equities on June 17
NSE F&O Open Int was up Rs 4593 crore at Rs 1.48 lakh crore
As per provisional data of June 18, FIIs were net buyers of Rs 779 crore; DIIs were net sellers of Rs 500 crore in cash markets. FIIs were net buyers of Rs 128 crore in F&O.
F&O cues:
Futures Open Int up Rs 1662 crore
Options Open Int up Rs 2357 crore
Nifty June Futures shed 10 lakh shares in Open Int
Nifty June Futures at 10-point premium
Nifty July Futures add 10 lakh shares in Open Int
Nifty July Futures at 9-point premium
Nifty Open Int PCR at 1.64 versus 1.56
Nifty Puts add 44 lakh shares in Open Int
Nifty Calls shed 6.5 lakh shares in Open Int
Nifty 5200 Put adds 13 lakh shares in Open Int
Nifty 5300 Put adds 12 lakh shares in Open Int
Nifty 5200 Call sheds 10 lakh shares in Open Int
Stock Futures add 1.5 cr shares in Open Int
FIIs in F&O on June 17
Net buy Rs 359 cr in Nifty Futures
Net buy Rs 90 cr in Nifty Options
Net buy Rs 120 cr in Stock Futures
US Market::
US stocks rose slightly in another lightly traded session on Friday, ending a nervous week higher despite signs of economic weakness at home and worries about public debt in Europe.
The Dow Jones Industrial Average gained 16.17 points, or 0.15%, to 10,450.34. The Standard & Poor's 500 Index added 1.37 points, or 0.12%, to 1,117.41. The Nasdaq Composite Index rose 2.64 points, or 0.11%, to 2,309.80.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as an informative. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, business associates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well as the market related investments are subject to market risk and volatility. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
For Abroad Investors : +91 9371031008
Friday, June 18, 2010
18th June 2010 Closing Market Updates
18th June 2010 Closing Market Updates 15:32
Realiance AGM outcome could not able to hold the bull steam for the day and market ended in negative after 6 days rally. Nifty ended at 5257.95 by losing 16.90 points while Sensex ended with 73.14 points of losses at 17543.55.
BSE CG Index gained the most by 0.54% and BSE Metal Index declined the most by 1.27%
IDFC was the top gainer in Nifty50 stocks, gained 3.01% and closed at 169.30 and Reliance Capital declined maximum by 4.48% in the index.
Advance/decline ratio was negative to 2.3 : 1 as 918 stocks declined and 398 stocks gained today on NSE.
RIL AGM Outcome :
The biggest announcement Mukesh made was about the company’s foray into the power sector. He said that RIL is drawing up specific plans for mega investment in coal, hydro and nuclear power projects. As a goodwill gesture, RIL would not enter the gas-based power generation arena till 2022.
Mukesh then announced his company’s foray into the telecom space citing the billion dollar acquisition of Infotel – the only company to win a pan India broadband licence. ‘We are faced with much larger opportunity in broadband,” Mukesh added. He said that the BWA spectrum is an extremely valuable resource and the company plans to set up a wireless innovation centre in Mumbai soon.
Realiance AGM outcome could not able to hold the bull steam for the day and market ended in negative after 6 days rally. Nifty ended at 5257.95 by losing 16.90 points while Sensex ended with 73.14 points of losses at 17543.55.
BSE CG Index gained the most by 0.54% and BSE Metal Index declined the most by 1.27%
IDFC was the top gainer in Nifty50 stocks, gained 3.01% and closed at 169.30 and Reliance Capital declined maximum by 4.48% in the index.
Advance/decline ratio was negative to 2.3 : 1 as 918 stocks declined and 398 stocks gained today on NSE.
RIL AGM Outcome :
The biggest announcement Mukesh made was about the company’s foray into the power sector. He said that RIL is drawing up specific plans for mega investment in coal, hydro and nuclear power projects. As a goodwill gesture, RIL would not enter the gas-based power generation arena till 2022.
Mukesh then announced his company’s foray into the telecom space citing the billion dollar acquisition of Infotel – the only company to win a pan India broadband licence. ‘We are faced with much larger opportunity in broadband,” Mukesh added. He said that the BWA spectrum is an extremely valuable resource and the company plans to set up a wireless innovation centre in Mumbai soon.
18 June 2010 Morning Markets Updates:
18 June 2010 Morning Markets Updates:
Stocks that are in news today:
Reliance Industries (RIL) Annual General Meeting (AGM) today
IOC : sources say
IOC may consider issuing 10% fresh equity
IOC may consider raising up to Rs 8,000 crore
IOC may consider move if price at Rs 400/share ((CMP; 337))
Ex-Dates
CMC : Ex-Dividend @ Rs 20/share
TTK Prestige : Ex-Dividend @ Rs 10/share
Other stocks and sectors that are in news today:
Uflex: Board meet on June 21 for raising Rs 750 crore via QIB
Brigade Enterprises: Board approves raising of Rs 750 crore via QIP
Board meet today: ITC to mull bonus issue
Suzlon: Offer to tender in for Rights issue open today ((Closes on 2 July))
Qualcomm may sell 26% stake to Tulip Tele – PTI
Pay hike for Satyam Employees next month – BS
Reliagre to buy boutique AMCs in US – FE
F&O cues:
Futures Open Int up Rs 1662 crore
Options Open Int up Rs 2357 crore
Nifty June Futures shed 10 lakh shares in Open Int
Nifty June Futures at 10-point premium
Nifty July Futures add 10 lakh shares in Open Int
Nifty July Futures at 9-point premium
Nifty Open Int PCR at 1.64 versus 1.56
Nifty Puts add 44 lakh shares in Open Int
Nifty Calls shed 6.5 lakh shares in Open Int
Nifty 5200 Put adds 13 lakh shares in Open Int
Nifty 5300 Put adds 12 lakh shares in Open Int
Nifty 5200 Call sheds 10 lakh shares in Open Int
Stock Futures add 1.5 cr shares in Open Int
FIIs in F&O on June 17
Net buy Rs 359 cr in Nifty Futures
Net buy Rs 90 cr in Nifty Options
Net buy Rs 120 cr in Stock Futures
Market cues:
RIL AGM today
FIIs were net buyers of USD 185.2 million in equities on June 16
NSE F&O Open Int was up by Rs 4020 crore at Rs 1.48 lakh crore
As per provisional data of June 17, FIIs were net buyers of Rs 463 crore; DIIs were net sellers of Rs 364 crore in cash markets. FIIs were net buyers of Rs 588 crore in F&O.
US Market:
The euro rose against the dollar on Thursday as strong European government bond sales eased public finance concerns, but weak US economic data led US stocks to falter and cut European share gains.
Spain and France sold a combined 13 billion euro worth debt, to solid demand.
Most of the attention, however, was on Spain's ability to sell bonds given its heavy debt burden and investor nervousness that some of the region's banks may be facing a liquidity freeze.
Prices for gold rose on a combination of safe-haven demand and a weaker dollar. Crude oil prices dipped from their May 10 highs to below USD 77 a barrel.
An index of factory activity in the US mid-Atlantic region in June plunged, adding to worries that a tepid US economic recovery is now fizzling.
That report on top of higher-than-expected weekly US jobless claims and the largest drop in US consumer prices in nearly one-and-a-half years left US shares lower and led to European share prices giving up their early gains.
"The market was testing new highs and this will put a major headwind into progress. We needed a positive catalyst to keep people buying, and obviously this isn't it. This will be a critical component to the rest of the day's trading," said Alan Lancz, president of Alan B. Lancz & Associates Inc in Toledo, Ohio.
The euro rose 0.68% against the dollar to USD 1.2390 but dropped 0.34% against the yen to 112.14. The greenback fell 1% to 90.51 yen as the weak data increased risk aversion.
In early New York Trade the Dow Jones industrial average fell 68.32 points, or 0.66%, to 10,341.14. The Standard & Poor's 500 Index dropped 6.58 points, or 0.59%, to 1,108.03. The Nasdaq Composite Index lost 13.30 points, or 0.58%, to 2,292.63.
European shares gave up early gains. The FTSEurofirst 300 index traded down 0.04%.
Oil major BP Plc surged roughly 7% after saying it will set up a USD 20 billion fund for damages claims from its huge Gulf of Mexico oil spill, sell assets and suspend dividend payments to shareholders.
UK finance minister George Osborne announced the biggest shake-up of the regulatory landscape in 13 years on Wednesday, saying he was to give the Bank of England ultimate control over financial supervision.
In commodities, spot gold prices rose USD 14.95, or 1.21%, to USD 1245.50. US light sweet crude oil fell 96 cents, or 1.24%, to USD 76.71 per barrel.
Benchmark 10-year US Treasuries rose 18/32 of a point in price, pushing the yield down to 3.2%.
The two-year Schatz yield was up 1.6 basis points at 0.518%, while the 10-year Bund yield fell 1.6 bps at 2.662%.
EUROPEAN DEBT SALES
Spain's auction of 3.5 billion euro (USD 4.3 billion) worth of 10-year and 30-year government bonds drew strong demand, although it paid a hefty premium compared with previous issues of the same paper.
While the debt succeeded in finding buyers, analysts remained cautious about Spain's funding prospects.
"Spain ... wanted to show it could issue paper without problems. But they paid a lot to get the paper away," said Huw Worthington, a bond strategist at Barclays Capital in London.
The well-covered auction helped narrow the spread of Spanish yields over benchmark Bunds from an earlier euro lifetime high of 237 basis points.
"The strong demand for Spanish bonds should help restore confidence, said Ciaran O'Hagan, strategist at Societe Generale.
France sold just short of 9.8 billion euro of conventional BTANs and index-linked OATs, including a new five-year BTAN that dealers said was cheap on the curve and therefore attractive.
The French/German 10-year bond yield spread tightened to 42 basis points from 45 basis points earlier, having tightened from 60 basis points on June 8.
Stocks that are in news today:
Reliance Industries (RIL) Annual General Meeting (AGM) today
IOC : sources say
IOC may consider issuing 10% fresh equity
IOC may consider raising up to Rs 8,000 crore
IOC may consider move if price at Rs 400/share ((CMP; 337))
Ex-Dates
CMC : Ex-Dividend @ Rs 20/share
TTK Prestige : Ex-Dividend @ Rs 10/share
Other stocks and sectors that are in news today:
Uflex: Board meet on June 21 for raising Rs 750 crore via QIB
Brigade Enterprises: Board approves raising of Rs 750 crore via QIP
Board meet today: ITC to mull bonus issue
Suzlon: Offer to tender in for Rights issue open today ((Closes on 2 July))
Qualcomm may sell 26% stake to Tulip Tele – PTI
Pay hike for Satyam Employees next month – BS
Reliagre to buy boutique AMCs in US – FE
F&O cues:
Futures Open Int up Rs 1662 crore
Options Open Int up Rs 2357 crore
Nifty June Futures shed 10 lakh shares in Open Int
Nifty June Futures at 10-point premium
Nifty July Futures add 10 lakh shares in Open Int
Nifty July Futures at 9-point premium
Nifty Open Int PCR at 1.64 versus 1.56
Nifty Puts add 44 lakh shares in Open Int
Nifty Calls shed 6.5 lakh shares in Open Int
Nifty 5200 Put adds 13 lakh shares in Open Int
Nifty 5300 Put adds 12 lakh shares in Open Int
Nifty 5200 Call sheds 10 lakh shares in Open Int
Stock Futures add 1.5 cr shares in Open Int
FIIs in F&O on June 17
Net buy Rs 359 cr in Nifty Futures
Net buy Rs 90 cr in Nifty Options
Net buy Rs 120 cr in Stock Futures
Market cues:
RIL AGM today
FIIs were net buyers of USD 185.2 million in equities on June 16
NSE F&O Open Int was up by Rs 4020 crore at Rs 1.48 lakh crore
As per provisional data of June 17, FIIs were net buyers of Rs 463 crore; DIIs were net sellers of Rs 364 crore in cash markets. FIIs were net buyers of Rs 588 crore in F&O.
US Market:
The euro rose against the dollar on Thursday as strong European government bond sales eased public finance concerns, but weak US economic data led US stocks to falter and cut European share gains.
Spain and France sold a combined 13 billion euro worth debt, to solid demand.
Most of the attention, however, was on Spain's ability to sell bonds given its heavy debt burden and investor nervousness that some of the region's banks may be facing a liquidity freeze.
Prices for gold rose on a combination of safe-haven demand and a weaker dollar. Crude oil prices dipped from their May 10 highs to below USD 77 a barrel.
An index of factory activity in the US mid-Atlantic region in June plunged, adding to worries that a tepid US economic recovery is now fizzling.
That report on top of higher-than-expected weekly US jobless claims and the largest drop in US consumer prices in nearly one-and-a-half years left US shares lower and led to European share prices giving up their early gains.
"The market was testing new highs and this will put a major headwind into progress. We needed a positive catalyst to keep people buying, and obviously this isn't it. This will be a critical component to the rest of the day's trading," said Alan Lancz, president of Alan B. Lancz & Associates Inc in Toledo, Ohio.
The euro rose 0.68% against the dollar to USD 1.2390 but dropped 0.34% against the yen to 112.14. The greenback fell 1% to 90.51 yen as the weak data increased risk aversion.
In early New York Trade the Dow Jones industrial average fell 68.32 points, or 0.66%, to 10,341.14. The Standard & Poor's 500 Index dropped 6.58 points, or 0.59%, to 1,108.03. The Nasdaq Composite Index lost 13.30 points, or 0.58%, to 2,292.63.
European shares gave up early gains. The FTSEurofirst 300 index traded down 0.04%.
Oil major BP Plc surged roughly 7% after saying it will set up a USD 20 billion fund for damages claims from its huge Gulf of Mexico oil spill, sell assets and suspend dividend payments to shareholders.
UK finance minister George Osborne announced the biggest shake-up of the regulatory landscape in 13 years on Wednesday, saying he was to give the Bank of England ultimate control over financial supervision.
In commodities, spot gold prices rose USD 14.95, or 1.21%, to USD 1245.50. US light sweet crude oil fell 96 cents, or 1.24%, to USD 76.71 per barrel.
Benchmark 10-year US Treasuries rose 18/32 of a point in price, pushing the yield down to 3.2%.
The two-year Schatz yield was up 1.6 basis points at 0.518%, while the 10-year Bund yield fell 1.6 bps at 2.662%.
EUROPEAN DEBT SALES
Spain's auction of 3.5 billion euro (USD 4.3 billion) worth of 10-year and 30-year government bonds drew strong demand, although it paid a hefty premium compared with previous issues of the same paper.
While the debt succeeded in finding buyers, analysts remained cautious about Spain's funding prospects.
"Spain ... wanted to show it could issue paper without problems. But they paid a lot to get the paper away," said Huw Worthington, a bond strategist at Barclays Capital in London.
The well-covered auction helped narrow the spread of Spanish yields over benchmark Bunds from an earlier euro lifetime high of 237 basis points.
"The strong demand for Spanish bonds should help restore confidence, said Ciaran O'Hagan, strategist at Societe Generale.
France sold just short of 9.8 billion euro of conventional BTANs and index-linked OATs, including a new five-year BTAN that dealers said was cheap on the curve and therefore attractive.
The French/German 10-year bond yield spread tightened to 42 basis points from 45 basis points earlier, having tightened from 60 basis points on June 8.
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