04 july 2011-DNA Money-Steel market

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Transcription

04 july 2011-DNA Money-Steel market
-
MUMBAI
~m~Money MONEY & MARKETS
~ Interest rates on bank fIxed deposits
1_
s no
asc
'.00
9.00
8.5S
8."
'.00
'25
'.00
910
aa
925
,."
."
•••
•• ~
'.50
9.50
9000
9.0DkdsBank
900
ij~lone:.;n"ojhdla
.25
'60
6.60
8.15
IInlledBaMotlndla
Viiay!lBarik
900
9.25
'25
'.00
."
'"
&80
9.25S11I~'viI\
8.15
91'
•• ~_
&75
'50
'.00
9.25
IIr:oBank
sJ!
9.00
925
900
_
8.50
,.55
8.50
P~ab~Cl"llIBank
S)ndIt.a~8;mk
ftI!\
9.00
Stat. Bankoflrldlll
State B.onlr.alBluDer
9.00
Stat.8ilnkof!fyda!abad
8,1;
§I*Ban~qfM>.wrc
815
ancIJaipur
925
900
9
35
•••
1,... 3,.... '''''
r•••••.•• r_.
s. oe
8.50
ace
.-
'-
9SO
ace
ase
.."
9.00
1,...3_
'-"
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'00
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asc
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....
aeo
9.10
9,25
9.30
_~...,
r•••••••
8.15
9.00
Jo ••
'- •.....
3_
rt
9.05Stzte~dP;xtala
8.75SutaBankofTr_nccre
9.05
0"
..•.
."
."
".
8.75 J((U_MahIIldrnBar.k
as,
ars
ars
7.2.5
9.00
9.00
9.25
8.50
8.50
7.25
aec
aa
0"
8.25
&25
'"
"5
&75
&75
9.25
9.25
&7S
&7S
" ,
'.00
9.00
~Crcd~Bank
&00
8."
&50
.80
'.00
,£
ats
as,
8.50 INGWm
9.75 TherecllHllBank
8.75 JanvnundKashlrirBlIIk
2m
'"
22S
,,...,
1•••• "1
8."
'25
I'ItNt.actOlt.UU
9.~O HDFCIWIk
915 IClCl6<lnk
9.40
1l,....1n~
ats
9.50
9AD
&00
900
.15
'.00
ese
s.:::::.IvoI __
25
9
8.00
'.00
.00
e, ec
1IIo-..
Where has all the government money gone?
TIle government is overdrawn with RBI by over f30,OOO crore, bond yields are unlikely to trend higher from current levels
==t=~=~:~urt!
=u~~~~=~~
==:~~:e~~~
~~~!t~~~~=~n:~
UdeOVeJ'atempotarymshcrunch.CasbllWlagtmCDtbiIb8leissuedwhcnthccovcrnmcnl
overoIOO,OOJaonft'orttthea~Themafn
1n~tcrnmentt1nance,b'io'Ol'T)'1ngthebond
tmdatD30.!XXlO1lt"efortheJulyto$eptember
1"•.•..
2011qu,arttt Heno:.NuerL~~anaeemenl
bIlhsuggesttbattheguvcmmcntlSevcrdrawn
withtheR8lbyovtrC3l,WJaun..Ouecithe
reasowforlhl!overdrnn.b;thematurity~_
ment for the 9.35% 2O11bond that matund on
July 2. Tl:tebondhadan enstandingamountofnS7,ooo
~
marXt.'LBoodylckh'Nl!DtupbylObpswcck<JD.
If'e!konthebackd.i!Sued.cashmanag~enl
bWa.TheDllll'btwillllllYryabouthighertbau
bu~tedborrowtnlbylhelOVl.'rnrnenttfggy..
ernmentfinance.sconllnuetobe
strained.
~
:;:~~~':':'~~tax"""~"";.:
anl~kJy~tbond'
fit3~;~t):~~~r!!:~
.
theSyllt~~,!,beIlDPro~ed.s).,.
'iTffij'.'
=e~d=:!~
slnllned. The RBlharlprovldEd tor the bond redempt1onbyachedullngsc:rrernmentbondatlO>
Uons fOr a total of cli3,OOOa:'Ol"l! for Jl1bIlncl~
ingtheauction cl tl15.COOa-ore hcldon JulyL
The gavernment had received advance
tax of
over n35,ooocrore in June and that was to have
bo1!teredgovernmentnnancu
~Iteauctlons
anda!tVancetlixrec:eIPts. tilf!'ilJ\'irnmemlSaUl>
tioningcash~eil.t
bills for u8OO)croro
this~'I'1!~~cnth.,adau~ncd~b
ott. 'I1lenll8}-earCD(cert.11lot.eof depodt)rates
havecomeoll'byfObpstromhltMseenilIDonlh
ciliiy) window ror funds, with bids for repo aJ
7.50"
at't'!rapnr 1:l1IO,1m crore on a dally basil.
B1(\$forrePO$hOl.lldcome down this weekce tbe
back at band maturity and IJ'VOrnmoDt spend-
",..
_,·._y_=;~'-'-w,·.',":.''''
=~~
...
=,-;C"-.
3ri.!!!ii!;,Ii;!J,p.IjJi
Another expert said Thta M0tors hal been Mdumpfng"' Nano
en dealer&, Which led 'toa hUge mventory build-up inthe lastfew
months, "'I'h.IlI~b.a9bCCn
stopped only lisfiiimth, "'and the
evidence.
is the fall in ~pa.tch
numbentbe"companyhu.ltself
.Ian
NTPC in inove to get back
de-allocated mines
With 15,OOJmwti capacities wminl: UJI,NJl>C a wmid
crnblY dependent on the ~allocatcdm!ne$.
The poIIi'l!'rgenerator has aplan to invest aboutQ]j).OOOaon:
to produre SO mUllon tonnes of coal every year trom 2013.
The oost of pfOduclng coal from Its mtnes IIt'ould be 00&
fifth ar wbat it Currently pays CoallDdia..
C~!Itt1l11nfimnation
COhIIfus~i!>nerraps ...
Itllr.l.ll~~tibliiji;MmistryorAgrleulturehadallowed
MOther ~
which WlI.1then set u,
--
a
~~::-~:=- -::!:---~:-':; ~
=:~.soii'.~~.-
a;:
m:-
•.•.
~adowntoj1;O.7%onaycar"'O(l")'C!U'basis,!rem kvels r1:23.5% seen
sa monllls t..dt.
Commodity price.s
have aIn!cted
\lith the
CRB CXlmmodlty lrdu down 8'" &om
Reuten
highs seen a few months aco. on prtces have
c:umetlfbyoverlO%!ramhlghs.
bllUesuf glubalgrowtbskJoMlownarel'l:'floctingonollpricel,
If !he slowdown meee begins to I:'llher steam
••••••••••• ..",. ••••. .ftmJT1~~
bondyWdAwill~~theJnlldtetwWC:u>
IYtIf
.
~
7.981'
. U, tor in RBrspallcy rates belnc heldstead}l: Bond
;;.PII!'=:~~~:::-:-_:=1.13.'\:._--::
y1e.ldsareDO n llkeJytouend~rCnm!.CWTellt
SpruoI
426'11. ~
10
Icvclsuf 8.3Z%,Yl1liwbU:eyX:Wun1hcbeDcbmark 7.80% 202J. bond, given the sJawdown ~
~~~
.....•
dicatimu.
Ga\lernment bond auction
The government auctloned 1;11$,000 cere or
oonlb hm week, The buncb auctioned ww:! the
1_
9
9
..
7.83% 2018 bondfutt:3:OOcrorc,
tho 7,1.,,, 2021
bond foc a5000crore, the8.2G'JI:. 2027 bond for
n3000 cecee and the 8.30% 204.0bond for p3OO)
'UI'liiifMi': _..... '.-.-..-"~"
.-.. g;62!'. ,
,0,
-ax,crore. ThecutofTscameinilttl1S9".II,88",8.~"
and 8.66%, resreenvera The government WIll
BondmarkL1s, while-worryineaboutl:O'l~m
au{:tiU!l~I2.OOlcroreufborulsthiswcck.
menttlnance6, wtu Wokal theenviranmentBIlI'
'l1ul~tauctionedQshrnanaC:lmJi!Ilt
rouMing interest. rates, in determining lbe d•. billiforoSOOOcror-elaslweek.Tbecutofi'on
recucc of fle1!!,. There are Indications of de- the 3S-day day bills came In at 8.W%, Tho goY.
mand coming-off In the economy due to rlsina emmenlls auctioning the -tUay cash manag&in~nrroa V'cll1dI:lsalcsgrowthsloll.'Cdilown menlbills fur c8000 crore this week.
105.9% in June QIla yt:aJ"Ol1")'Carbasis. [email protected],.com
mtJ!)1'"'Hl!1M::n
U!!'lIfcrns
~~"'&Ia
lMrlliPlbIpolfds-
lOSO
7'$
m
-IlOOO .10‫סס‬00--19000
--
.1~::-:~=:~.
~s:.~
Stnlpezewakl
.•
U.
empinyrnent.
Junckermadenoexplldtref·
cavethejiO-aheadCorlheMh
traDcbedGreece·sffio-bIIllo
linandal l'I:'SCUO
a.uecd last
yc;u;andsaiddctaiLsolai5'CO'
(lnd aid paekap WOllldbe n.
nallE;edbym.!d-Septe::mba
But w:lthtn. hours or s.uurdaYs
decision. Euro~
chainnan Jean-Claude Junek·
er warned Greeks that help
ftnm the EU and Inwnatlooa.l
MonetarYFundVl'OUkihoneun-
pleasanlconsequences..
"'I1lcSO\'UCigntydGrocre
will be ma.ssively llmited," be
told Gmnany'.
FocuB magazine in !he tnlen-1ew, addlnr
that teams of experts from
armmdtbeturo~
would be
heading
to Athens..-One cannot be allowed
to insult lhe
Greeka. auf one baa lD help
them. Theyhavesald
they are
rtIIilytoareeptexpert1sefrom
tho curo tone," Jundu!r said..
Greeks are acutely semitive
to any infringement of their
.soverelgntyandanysuggeBtton
that foreign "commissars"
migbtbooomeinvolwdinrunnin&"theoountryisanirlrendi-
erenoetDjob~ButiW¥repeat fA GC!rmany"liITreuhand
(]
The soverelgnty
of
Greece will be massively
limited ••• One cannot be
allowed to insutt the
Greeks, But one has to
help them. They have
said they are ready to
accept expertise from
the eurozone
Indi"",
~f~'!IE.dJfIl!'!I1D
""'Ministen:intbeB1U1lgr{RJp
anclhldJgos'\ll'ereCall1ng.thespo~A1dl.hel'Uelpr101!
Increase and Interest rate hikes have created "a degree of r&
sUtanceftl('theautImiobileindu.stryin~nenl.
ThtuMCJton,
too,i.saffed:edbythlltW(!scethi.s~DOl'malisedfntbE
mediwnten:n.DBalersalsopotnt to declin1ng marlt.etsb:u',oCTata prodUct&across the metres. "RIlral shares hale not droJll)ed, buf
aa"0S5 metres Tata ears have not been seJ.l:1ni that well. Ta.kf
the eesecr Delhi. wberenrta's cac:marlret shareisjust 3%
Thaoompanyis nowplanninC ID ratlonal1Jedealer.sbips in
the city- it sells only40-.S0t:arlI a month in the capital.said one dealer: """
A company spokespenoo
clalrned market shan! of 'niItii
ears in Delhi was6-7%, v.'ithgains through the Junequartcr
Not surprisingb; the company is offcrin(: larger discountf
in the last fellt' months. These vary" aeeordlnr to loc:allon
SoUI'a!Ssaid dlseoonls on the Nano are between o:6,OOO-&,OOC
and on the Indk:aupto:>18.OOQ.
n.
a.m _
~
EurozoDe ftnance ministen
have approved a t:1l billion
($17." bUllon) lnalallmentoC
Greece',baUout, butslcnaled
thatU!enatlonmustexpea.s1t
nit:icmtlos!ICSol SCJYereignty
..;:::;:
NDDB, in 1999,tOform
In 21}1)().
.-
factur1ng PMI (purcha5lni mana6(!u' tndex)
came In at a ntne month low In June. Credit
~
KlrSoC~um~N
otrrciab did nct re-
'~~u=:~
~"T.,,"
J.!m.201a~.
Eurozone warns Greeks on
sovereignty and privatisation
AtJ'iMd!\i8rr)ring sales of
Nano, Indica and Indigo
Ccxnpany
~Marketmetrics
ilJJ
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_. .diimJ
~~"t
~~~=':Q~:
~=_;n..: ··..-.-=~.-.-.:=.··:n~~.!·
aoT~issueoteasbm:mage-
reliQl1l!d":-=='
In
shupcontruttothesurplullthegoyer~nt
badthroughout&aJ201G-ll.Tb:!go\"aJlIDenI:
-Jean..aaDde
Juncker,
EuroVOUP~m'IiIlI
ary political wue and. could
triggcrlll()J1!stm.:tprutcStS.
tarilYbu.YinlnewGreekbonds
when old ODeS they hold mah1n.mtaninl:AthenslliOUld
ca.ll on Saturdal the 17 euro not b;m, to prndnoe cub. to t&
tOnemlnls.tena~theftf\h
p;qtts.d'edItOl'5lmlnediatel):
mmche WWld be pald by JUlY
JUnelr:er also said Greece
15, ~ lone u the IMPs board mustpcivatiscoo.scale3m
signcdr:l!anibedisblnemcnt.
lartotbeseRotrcl
EastGermanfirmsintht,199Os..
TbeIMPiseqlec:t.edtomeeton
JuJy8toappn:M!It
.~ the forlheomiJlI wave
The paymenl wUl allow afprtvatt=11on!tbeyW1.Ilnced.
Gnea: to HvoId the immedJate for example. a !OlutJon blued
threat d debt default, but the on a model 01 Gcrmany's
country still needa the secood
1'm1hand aglillcy'," Juncker
rescuepackllge,wbld1lsalso
said, merrmg 10the (rl\"aUza.
exped.ed to total around (no
tIonaaent.')'ihatsoldoffI4.000
billion. Between now and then. East German 1lrms between
financeminlstcnwiD woril-on 199Oanill99l.
the ·precise modaliti(!.J and
Greece's problems
with 11
SG!.le~ r£ privatecredilors'
in·
Jack r£ eoonomie oompeli~
nW;u'9Tnodesleomparedwllh
volVement
Germany hopes this wUl those of eastern Germany'
evcntw\llytlJlal al'Qund 30 bU· which more than j1;Oyears after
lion eurDS, with banks volun- eommunism still has high unAfterSatun!:Jy"lamft:re1lal
exper:iet1Cl!~bitterCm"
Greeb, who are alHady .uI'.
rerin& 50arinr tmemployment
as a recession drags Into lIS
1hinI_
Trtuhand was sUpposC!l1lo
s.ells1at.epmpertyata~lbut
do5edwilhahugedel\dtanda
lepcy of blttemessamong
the
legionsr;Lwo!:kenwbosejobe
it destroyed. four million eermata were emp~
by 1'l-eu-band-oWMdeompanieslDL990
but OIllyabout
U m1I1lonJobl:
'ili'CIl!1eftbyllB4..
The Gcrek parllamcnt wtcd
on Thursday
ta set 11P a privaUsation agency under au.
teritypllmsagreedwtthlheEQropean UnIon I.IJd IMF which
have proyukcd viclcnt protest.
(:ftthe~trectsd A1hcns.
Atbmsmustse1101!'€5billion In lIate assets thll year
a!aneOTr\skmlss1nrt:artetsaet
WlderiUEUlIMFprocramme,
whidloouldwtdIitstundlnJ:
neededtokeep Ibe DlWmmenl
running
and avoid a debt d~
fault.
"'!be CUlTent paCkalle rA
measures, which Athens bas
a;reo:l.to,wiIlbringasolution
10 tbe Greek question," said
Juneker. However, he added
that the Greek tax collection
sysltlw
was Mnot fully funoticIlal."RIuItfs
I MONIlA.Y,JULY
10
4,. 2011
_dNlind' •.oomI.pape~dnalM'a.com
Rally could spell
pullback for
US stocks
~.-
Chuck MikolaJczak
A pullback could be en the
table next week for USSloeD
after their helOtweeJd.y per.
formance In twoyeart.. e6p&clally if a raft or data beadlined by tho June jobs report:
doun·t
bobter lMarpunent
n1' a stringthening eetlntlm}t
SUlck5l'O$Cforftvestra1&ht
clays ti the foa oC the Greek
debt crisis appeared
to once
ag:lin be lltted while bcttcl'U\<ln-anticiP2ted
economic
numbeu such as JlYtdaT'
ly percentage gallli since
July2009.
With Greece and the Europcan debt ertsts cuee 31;ain
;pnshed to the wclt burner in
the minds of Investors, the
focus hallhlfted
to the rapidly apptuaclrlnll deadline lir
Congress tc reach I.IJ~
mem on the debt limit. preseminganotherhaadwiDdli:r
&toeU,
Tu US Treasury on hidPJ' kept up the pressure 011
Congress to .trike a clelll to
raise tbe debt celling and
pl'eII'ent a derault. repeaunr
=:v~~t
' WAlLSTREET i ::ou~;~~~
to the belie! the WEEK AHEAD
room to bcrrc .•••
us economy was
onAllgU5t1.
.tari1ngto~&mna..sot\
"Theb18thiDa:aDtheborlpalch.
ton II now back to tbe US
"Wb!Itwurelook1.ngatll
defl.clt Issue,.: saId Rick
I.mazktltthalbgcingtofucu.l
.Mccldcr.p~entdLibef'on the economic number.s,·
tyView Capital Management
.aId Peter Cardlllo, chief in New YorlL
market economut at Avalon
-rne Greek (debt) situ.
Partners in New Yort.
tIon was an appetizerfor that.
~We had real good.pin.
and 1 think you're colni; tI.I
towards the end of the quar9C(!a lot of back and &::rthat
t.ersoilwolltdn1surprlseme
people wonder
how much
toMB<'IIItIlr.bilofpml1t takIng before 9.11get those numhen out durin!: the ecurse a(
theweC!k."
Data expected
for next
wl!l!k1ncluMsCactoryorden
CorMay,theJSMservtceslJP
dexl.IJdsevera1tndir:atocsoll
the labour market, including
If'riday'.r&porl.
"ItJ.s<'IlitUebitearlytodeclnreV1etolj'overthemtd-cyeie sIowdollt'D we've had,"
said Tim Gbriskey, ehici' in- '
vestment officer of Solar-is
Asset Management In Bedford JUll.s,New York.
"On Friday, you have pay.
rolls, unemployment
ratethe big Kahuna - and there
rnisht be tome trepidationgolnflnlDlI,especlallywlththe
market havlna: already rebounded sbll'ply here over
tevcral\lQy","
Even Vtith the eecnceete
dala on the docket Cor next
week, TlllWl'\4! II expected to
remain light due to the US
market
holidlq on Ju4' 4th,
which could e.nl.'C!rbate
&win.:s in the market
A.s1de rrom!he addlUonal
Iplke In volume
brourht
about by me flna1 reconsututionoiRwselllnve!1tmen.ta
byltsiDdexesonJl11le24,lK'o
erage weekly volu.me ha&
been amon,the lowest of the
yearrorseveralweeks.
The Ughl volume ma.y
praveto be:madvant.arefor
the bun.., boWIIY'ftt;especiallyaLtutheS&PSOOsucce.w.Ml)-bounced off the 200-4ay
muvw anr&ee. a key tecbnical support level. and
jumped
back aver thI! 5O-day
tDlIvtng
average,. whic:h re~
resented a resistance point.
"Tbemlnd~lsanOJlPOl'tunlrtic "risk 00" trade and
ltlsprtDgallfttotbe:markrt
in .pile ollhe!'ad that moM
people are ~atchfng
theIr
heads. nut that Is what happens.partlcularlyv.henthere
a very lightvWUJ'4e, momentumdimteltrend,and
that
is what IIt'eflndnursclvestn.~
&aIdPeter Kenny. manapr
dlra:toratKnl.ghtCapltallD
Jcney CilX New Jcney;
For the week, the Dow
Jones industrial average:ro.se
5,4%,
the S&'P 500 gained
6.6% and the Nasdaq Composllo Index cllmbed 6.2%nwll.ins their biggest W'C!Ck·
"Dataexpeetedforllext
week Includes factory
ord~forMay,tho~
services index and
s~eral indicators on the
"""""""'"'
"Voklmei.s~edto
n:main light due to ltie
USI'TIii~etholid3}'on
July 4. which coukl
ClQc::c:roateswlnp
"WlhGreece,E..-opeIWl
debt crIsls once illam
pushed tothebacl(
b~,thefocushias
shlf\edtoltJadeadine
10r Callemss to relldl an
agre&mentonthe
dabtDmI.
brinkm.ant.hiplladtlallyroIng 10 be played W1th
tho
budgetlkficit."
Anotbl!too.wbangooWdbc
evident in th ••pn.a:anouncementoleorporateprnfiubefore earnlnp eeascn beJlIll
W1thAlcoa Inc's earnlDgs on
JulylL Thegloballllc .•••
duwn
in the 9C!amdquartcrl1l»5 n=.ult in Xlme daappointini
o1..lUookL
"'We have had a 110ft patch
in the economy here due
to bic:her cummodity prirel,
a little bit of weakness in
th.emanu1'acturIna;side,t:.
cause of JaPi:ll1..Europe, on..
na and varlOus thlnlS. All
thateann:allylropact~
earninb' :md we may gee
some negative prearmounC&
menls, and that mtghl really
ha\ll a broader impact on the
ovurall market." Ghrlsll.oy
said.~1II111S
FMCGfunds streaked ahead as St fought headwinds
-~
that even this settJnll up a!
aftb.,NDDBAet,whlehro
IpcrativestrategyiDamo"
! ind nation-wide bash and
tn take.suda steps asmay be nl:lC!essaryfor the;purpolel a10r&
said". The Preamble
to the Act apectf1cally refert 10 "coop
t:r.myc stnteJ::y" Ill!bciru: "a strateu clvlved at AnIlJld (G~
jarat)".
.
NDDB's ol!kiabh<M:not )l!tclarit1ed toDNA wbetherthe
fl!MS n! the lawm1n1s.tryb2\-e been put !.orest.
Allocation to FMCG
funds will act as a
value protector
due to its very
defensive nature
Steel makers staring at
an inventory bloat
so-shsre Sellsex on the
Stock Exchange
and
tbe Nifty on the Natima!
Stock
Exchange
remain
'M""um-_""wthf",J~
dlascemstobercvcrtingbaekto
single-digitagam-!evc1&Iast:leet1
pre-2flO5.
'I'1ilislawdownseemsto
be continuing info this flseaI."
th~=1;~~~~=~
partner at Equltociab,
1_
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~=~,!r:ar~~1Se
\'Olaille,.ltisreAlJydl.OkullCor
Vi~.
-,
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t,.:'.~
~fl''''''''
:~
a new
~kln~~:~~~~~
atleastlhene~twoquarten.
~~'fo%~the~~~o::"~
As the
Bombay
-
1-.$.
Icta 01'1I,,.1Researdl
-~
-'It
~
)t.
_,
.•~
"n1leen monthJ of tight menetarypoIJeyandhlg'hfoodtnfla_
- •
tion bas led toan all-pervading declir'.e. With cepex and oehsumptio.."l
down.
inventory
build-up
is a siroll.l po$$lbiJitx'
he said
an Investor to determine the
t::zactpoint to enter the stuck
martet. But tbere are seeton.
which act as a strong defence,
during
the volatile
or weak
~t
eondlUons, TbesWcks
which
an into business of
pharmaceutical
and healthare. notCG (fast moving oeDstlmer goods) and collSUlller
durables
are known <d di!Censn'ei5edon.StmJlarIy,mutual
rundsdootfersdu!mesknown
sector CUllds. which ha,'e
higher coccentratioo towards
partlcularr.ec:tanofeconm:ny
_ banktni
funds are more e:lposedtobanklna:stocks.wh.1le
fJ'oiCG fwuls are more bla900
towards consumer durable
a,
~ Scheme
perfonnance
vis-A-vis
benchmark
"?
~~1nfMCGr~~~
71..28 _
lCippnHI"ntlatFMO:;-Growth
71..54
.S8I.M~~rF'vlWisllnltn,
•....FMCG.. 31.48
54..22·.
33.61',·
I
••• 5.80
5.20 ".15.00 ..•. 11.40
c3.90:-1+1Q.;;~~
J.24
8SEfMCG
1.57
-8.46
3,a.83.,~" .:,~.
3.60,, __
,12.:40
8.30
9,~9.00'
4.40 "-13.07
8.85.
8.240.68'
1.30 -0.60 09..10
CHXFl4CC
BSESema;
.•••• lA,:ZOU;
·MDCttycCfllUl
••••
'lUJlll1-'I··,."..~,\JJ
~;;~
16.10
25.30
)7.20,
.1&.40.
17.90
.19.-40.. 17.40.
.1~4Q
,~~"__
-,-,----4.30,-,,J3.2Q 8.03
_~~(lXwnIted8CI~
••••••••••.•• bIaII\IfI~.COI
"1Wa
3.8Q__
1'12.50
69.63U
~~!f"'CGIUndJ
» One year
and Sensex
~:~~~';i:~"~k5,>kii::j
~ 1..2~
Thewiu'o/~O.OOO1l'l*llld'o1au.Jl'WIII1AA:t'~fMCtiturds~
SerR:llilld4versll'.l'd8Ql.lltytn:;IbIIIoIUoGClflJ!a1'
ej5."E.E!;i~a
.l8.20.
,10.96
12J6,~
21.90
15.BO
18.29
22.62
14.84
290
..
13.00
8.90
12_78
lL90
••• c-~2011
broader indkcs
by
considcrablclilltcrence.
Tbe
FMCG call!c:ory has also nut.
paced thedtver5tned category
aCTon the horbon ranging
from one mooth to five )-ea.tS,
lnwtoncyear;FMoot'llnds
have posted a stac:c;ering
17.&:1%growth1nabsolutl!r~
turns. while dtvenlfled ute-gorylwCetcbedameagre4%
.b.olutlln:turns.
Tb,.:raphindieatesthedecensiveness 0( the FMCG gee.
loru theendrcled pari shows
uptrend in FMCG Index. when
broader Sensex continued lhc
losin,.treak.Sincethelast
IItrlpped
-~-.l:...-=-.. ~~ "
IG
,
..;...17.11.. _~J5.93
20.00
population and improvlnr
staI;dard of liTiDg will in·
crea,o;ecnn.,umptionineoonom)lieadtngtobetterpro&peN
for thl$ $ector.
As tm table sbows, YMCG
r'unrb bave outperformed
the
~,815
~1.450
_._ r50,6.?:Q
_
broaderindexSeDSeXaCll:lMa
per1.ocIranglngfromlmOllth
"I'Ie:I.mlOll!lesedmlj4!11'd:I5oLU~il'Dbi*1Odo/OO!I_
fnn2411lm201l
to 5 years. The Sensex fell by
9.10% based on 6 months re&nd }'MCO stocks..
tcriala hu prumptcd manll- turns, whil., fundi catecorl
During the last on, year. taclnreu
or
COlUUl:'Ier aver-age and»'Moo tndeJt "''all
FMCG mnds have outperdurahles,orFMCG,topowon
up by 8.03% and 8.30%, reo
fotmed the calegt>ryof equttY
the(:06tp1'e&SW"I!toeon5uma speed~l)t
t\m!.UUl term of performanoe.
The consumer demand will
Even durlnr the lonaer
M the lnDatlon continued to anyway rema.1n higher for es- horizon or three and five
rise. IherisingC05taf raw ma- sential producb. Whik risiDg
years. ThlCG funds haY(!out·
»lop edge
,~.60
17.~,-,-24.27
17.40~
trend
~..
"'n~2D1O
Itde.h! ••••••••••••
,
"
1UI;M.2011
t.
=-l.~~==..
onc year, BSE FMCG has
Cct.::bedZO%ab.$ollitereNrol,
while Sensa has posted a
merez.SO%returns.
For an tnveltOt". allocation
to FMCG fund:! will act as a
valueprolectorduetoilSVC!rf
de~nsi.~nature.Moreavez;in
a country 1lU India wbtre
consumerism's on full swint
ov.1ng to higher domestic eonsumptien, the grvwth stvry r6.
the liMCG and eonsumer
durable sector v-iUmntinue to
thrtve,A'lhLsbelngasector
fund, it I.s advisable to allocate
II. tninor portion or total portColio towards this funds,
'.