Thursday, January 10, 2008
Reliance Power - 5 days to go
Reliance Power IPO - are you applying ?
Yes ! Anil bhai's dream! 644 (67.2%)
No! Scam !! 314 (32.8%)
Votes so far: 958
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NSE Bulk Deal Watch - Jan 10 2008
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
10-JAN-2008,DHAMPURSUG,DHAMPUR SUGAR MILLS LTD,CAPITAL INV TR CORP A/C TAIWAN BUSINESS BK-CAPL EMG MKTS FD,BUY,306000,106.39,-
10-JAN-2008,EASUNREYRL,Easun Reyrolle Relays,KOTAK INDO WORLD INFRASTRUCTURE FUND,BUY,231296,339.00,-
10-JAN-2008,HINDMOTOR,Hindustan Motors Ltd.,CHANDER PARKASH GUPTA,BUY,942021,79.32,-
10-JAN-2008,ICSA,ICSA (India) Limited,CLSA MAURITIUS LIMITED,BUY,450000,535.00,-
10-JAN-2008,NAGPURENG,Jayaswals Neco Limited,SHAH BHARAT NIHALCHAND,BUY,400000,68.96,-
10-JAN-2008,NICCO,Nicco Corporation Limited,RAPID ESTATES PRIVATE LIMITED,BUY,899254,40.50,-
10-JAN-2008,PRAKASH,Prakash Industries Ltd.,MORGAN STANLEY DEAN WITTER MAURITIUS CO. LTD,BUY,925000,335.15,-
10-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,CHANDER PARKASH GUPTA,BUY,187531,119.84,-
10-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,THIRD AVENUE GLOBAL VALUE MASTERFUND LLP,BUY,230000,112.71,-
10-JAN-2008,ALPSINDUS,Alps Industries Ltd.,BSMA A\C DR,SELL,250000,91.24,-
10-JAN-2008,EASUNREYRL,Easun Reyrolle Relays,BLACKSTONE ASIA ADVISORS,LLC A/C INDIA FUND INC.,SELL,282100,339.18,-
10-JAN-2008,HINDMOTOR,Hindustan Motors Ltd.,CHANDER PARKASH GUPTA,SELL,942021,79.36,-
10-JAN-2008,ICSA,ICSA (India) Limited,GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD,SELL,800000,538.06,-
10-JAN-2008,NICCO,Nicco Corporation Limited,NIRAJ REALTORS & SHARES PVT. LTD.,SELL,900000,40.52,-
10-JAN-2008,PRAKASH,Prakash Industries Ltd.,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,SELL,900000,335.00,-
10-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,CHANDER PARKASH GUPTA,SELL,187531,119.93,-
BSE Bulk Deals to Watch - Jan 10 2008
10/1/2008 531400 ALMONDZ GLO SHAISHAV RAKESHBHAI SHAH B 100000 120.44
10/1/2008 521167 APEEGO LTD GIRISH HASTIMAL JAIN B 50000 4.35
10/1/2008 521167 APEEGO LTD H.R.JAVERI S 140200 4.35
10/1/2008 521167 APEEGO LTD H.H.JAVERI S 133200 4.29
10/1/2008 506874 ASKME IN HU MANISH MEHTA B 32264 2.54
10/1/2008 532406 AVANTEL SOFT VISHAL TANSUKHLAL MINDA S 38034 126.18
10/1/2008 526556 AVERY INDIA RITU TIBREWALA B 49300 82.01
10/1/2008 505506 AXON INFOTEC CHIRAG SECURITIES B 32500 75.00
10/1/2008 505506 AXON INFOTEC AVINASH ARVIND JAGUSHTE B 5000 79.42
10/1/2008 505506 AXON INFOTEC ANJANI HIGHRISE PVT. LTD. S 12000 75.21
10/1/2008 505506 AXON INFOTEC PUSHPAK COMMERCIAL FINANCE PVT. LTD. S 13000 75.20
10/1/2008 505506 AXON INFOTEC SURYALATA TREXIM PVT LTD S 10000 75.24
10/1/2008 505506 AXON INFOTEC CHIRAG SECURITIES S 16447 76.52
10/1/2008 505506 AXON INFOTEC CROSS BORDER INVESTMENTS LIMITED S 4000 75.06
10/1/2008 512332 BIRLA CAP PARI STOCK TRADING PVT. LTD. B 90201 27.05
10/1/2008 512332 BIRLA CAP BIRLA BOMBAY PVT LTD S 150000 27.05
10/1/2008 505923 CEEKAY DIAKI DEVYANI DILIP DESAI B 29541 145.38
10/1/2008 505923 CEEKAY DIAKI DEVYANI DILIP DESAI S 27541 145.17
10/1/2008 505923 CEEKAY DIAKI SHILPA KETAN SHAH S 55000 145.33
10/1/2008 526141 COMP DISC IN JMP SECURITIES PVT. LTD. B 270000 109.19
10/1/2008 526141 COMP DISC IN JMP SECURITIES PVT. LTD. S 308859 109.20
10/1/2008 531067 CONTINEN CRE KETAN CHALISHAZAR S 64889 11.00
10/1/2008 531067 CONTINEN CRE NISHA JAIN S 28669 11.73
10/1/2008 532271 CYBERMAT INF EDELWEISS ESTATES P LTD B 404189 18.07
10/1/2008 532271 CYBERMAT INF CHERRY COSMETICS PVT LTD B 352228 17.88
10/1/2008 532271 CYBERMAT INF JMP SECURITIES PVT. LTD. B 782344 18.13
10/1/2008 532271 CYBERMAT INF SARFARAZKHAN SARVARKHAN PATHAN B 1454098 18.16
10/1/2008 532271 CYBERMAT INF EDELWEISS ESTATES P LTD S 404189 18.85
10/1/2008 532271 CYBERMAT INF JMP SECURITIES PVT. LTD. S 975844 18.23
10/1/2008 532271 CYBERMAT INF SARFARAZKHAN SARVARKHAN PATHAN S 1434891 18.09
10/1/2008 521216 DHANALA RO S SALIM ABDULGANI MEMAN B 21898 17.87
10/1/2008 524276 DUJOD PAPE C PRAVINBHAI JAYANTILAL SHETH S 50789 22.96
10/1/2008 526614 EXPO GA CONT CHETAN MAGANLAL SABHAYA B 35300 36.77
10/1/2008 512493 GARNET INTL INDRA GAGGAR B 65000 90.00
10/1/2008 512493 GARNET INTL ACCURATE MERCANTILE PVT LTD S 38514 90.12
10/1/2008 531137 GEMSTONE INV BHAVESH PRAKASH PABARI B 17200 29.83
10/1/2008 531137 GEMSTONE INV KISHORBHAI BALUBHAI CHAUHAN S 44630 29.70
10/1/2008 531137 GEMSTONE INV BHAVESH PRAKASH PABARI S 28000 29.91
10/1/2008 531137 GEMSTONE INV BHAVESH PRAKASH PABARI S 15000 30.55
10/1/2008 511682 IFL PRMOTER HITECH COMPUTECH PRIVATE LTD B 15245 33.53
10/1/2008 530719 IKF FINANC L VINAY KUMAR S 51064 21.26
10/1/2008 522285 JAYASWA NECO JMP SECURITIES PVT. LTD. B 523752 69.15
10/1/2008 522285 JAYASWA NECO JMP SECURITIES PVT. LTD. S 508752 69.90
10/1/2008 530405 JINDAL CAP. JMP SECURITIES PVT. LTD. B 95551 88.90
10/1/2008 530405 JINDAL CAP. JMP SECURITIES PVT. LTD. S 163410 87.60
10/1/2008 532047 K C BOKADIA SARFARAZKHAN SARVARKHAN PATHAN S 73984 5.20
10/1/2008 530955 KAILASH FICO TUTIS TECHNOLOGIES LIMITED B 87768 44.67
10/1/2008 502933 KATARE SPG. USHA HEMENDRA PAREKH B 50000 23.28
10/1/2008 502933 KATARE SPG. ICICI TRUSTEESHIP SERVICES LTD S 47450 23.25
10/1/2008 532067 KILPEST INDI PRATIK SHANGHVI B 45877 104.14
10/1/2008 532067 KILPEST INDI PRATIK SHANGHVI S 47425 96.95
10/1/2008 532092 KIRTI FINVES BUNKIM FINANCE AND INV.PVT LTD S 600000 2.22
10/1/2008 531602 KOFF BR PICT PARIMAL MEHTA B 28500 22.25
10/1/2008 500256 LOK HOUSI CO CLSA MAURITIUS LIMITED B 268000 324.99
10/1/2008 500256 LOK HOUSI CO ABN AMRO BANK N.V. LONDON S 275000 325.51
10/1/2008 531497 MADHUCON PRO TATA INDO GLOBAL INFRASTRUCTURE FUND B 200000 763.00
10/1/2008 531497 MADHUCON PRO GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD S 293456 756.35
10/1/2008 590028 NICCO CORP RAPID ESTATES PRIVATE LIMITED B 822937 40.50
10/1/2008 590028 NICCO CORP NIRAJ REALTORS AND SHARES P LTD S 900000 40.53
10/1/2008 526415 OK PLAY INDI GOLDSTONE MERCANTILE COMPANY PRIVATE LIMITED B 70000 135.00
10/1/2008 521080 PASARI SPIN SPJSTOCK B 109274 22.66
10/1/2008 521080 PASARI SPIN SPJSTOCK S 96062 21.73
10/1/2008 530253 RAJAS TUBE M SANJAY CHHABRA B 25000 38.40
10/1/2008 520073 RAUNAQ AUT C HITECH COMPUTECH PRIVATE LTD S 63964 32.84
10/1/2008 531646 RFL INTERNAT HEMANT KUMAR GUPTA B 50000 2.54
10/1/2008 532441 RNBOW DENIM USHA HEMENDRA PAREKH B 320000 8.75
10/1/2008 532441 RNBOW DENIM ICICI TRUSTEESHIP SERVICES LTD S 307850 8.75
10/1/2008 531800 SHEETAL BIO RAMA SHIVA LEASE FINANCE PRIVATE LIMITED S 905000 2.62
10/1/2008 532669 SOUTHBIOTEC VATICAN COMMERCIAL LTD B 162781 45.47
10/1/2008 500285 SPICEJET LTD BSMA LIMITED S 1227452 94.58
10/1/2008 531418 SYSTEL INFOT STERLING FINMAN PVT LTD B 500000 1.34
10/1/2008 590020 TERASOFTWARE BILKIS ZUBAIR HAWA S 50000 90.72
10/1/2008 511431 VAKRAN SOFTW PLANETARY MAURITIUS LTD B 110000 241.01
10/1/2008 531574 VAS ANIMA EN ASHOK FINSTOCK LTD B 73119 103.12
10/1/2008 531574 VAS ANIMA EN DARASHAW PMS POOL ACCOUNT B 140000 105.89
10/1/2008 531574 VAS ANIMA EN SANJOG REALTY PVT LTD S 50000 108.45
10/1/2008 531574 VAS ANIMA EN ASHOK FINSTOCK LTD S 73119 106.74
10/1/2008 511246 WHITE LION A VARSHA SANJAY MAHATPURA B 120000 23.75
10/1/2008 511246 WHITE LION A PRADEEP BHAT B 41587 23.75
10/1/2008 512167 YASHRAJ SECR ADMIRE ENTERTAINMENT PVT.LTD. B 80000 28.19
10/1/2008 514266 ZENITH FIBRS CAMEL FOODS P LTD S 34323 35.33
9/1/2008 506874 ASKME IN HU TARACHAND O RAMIN HUF S 25000 2.42
9/1/2008 512332 BIRLA CAP BIRLA BOMBAY PVT LTD S 100000 25.80
9/1/2008 531682 CAT TECHNOL SARFARAZKHAN SARVARKHAN PATHAN B 1335797 15.38
9/1/2008 531682 CAT TECHNOL SARFARAZKHAN SARVARKHAN PATHAN S 1245498 15.37
9/1/2008 532271 CYBERMAT INF SVS SECURITIES PVT LTD B 351656 18.06
9/1/2008 532271 CYBERMAT INF SARFARAZKHAN SARVARKHAN PATHAN B 5492650 18.02
9/1/2008 532271 CYBERMAT INF SVS SECURITIES PVT LTD S 356956 18.00
9/1/2008 532271 CYBERMAT INF SARFARAZKHAN SARVARKHAN PATHAN S 5459770 18.21
9/1/2008 500500 HIND MOT LTD MATRIX EQUITRADE PVT LTD B 891355 83.09
9/1/2008 500500 HIND MOT LTD MATRIX EQUITRADE PVT LTD S 894355 83.29
9/1/2008 531025 INCA FINLEAS MANIBEN R. CHHADVA S 15000 147.15
9/1/2008 532047 K C BOKADIA SONIYA AGARWAL B 100000 5.57
9/1/2008 532407 MOSCHIP SEMI VIMLA DEVI SONKYA... S 230000 41.30
9/1/2008 507315 SAKTH SUGAL MATRIX EQUITRADE PVT LTD B 370335 119.45
9/1/2008 507315 SAKTH SUGAL TRANSGLOBAL SECURITIES LTD S 206591 118.80
9/1/2008 507315 SAKTH SUGAL MATRIX EQUITRADE PVT LTD S 370335 119.91
9/1/2008 590047 SUNDARAMMUL PREMJI JESANG CHHEDA HUF S 197718 23.46
9/1/2008 503297 SUP SYNCOT I HEMANT K GUPTA B 50000 6.07
8/1/2008 531541 AVON ORGANI SHREENATH FINSTOCK PVT LTD B 100000 56.00
8/1/2008 531158 CAT VISION P SHALANI DHOOP PVT LTD B 76487 20.87
8/1/2008 530457 CINERAD COMM INDIA EMERGING PRIVATE LIMITED B 240000 20.10
8/1/2008 522231 CONART ENGIN REEMA AGARWAL S 24750 62.83
8/1/2008 531067 CONTINEN CRE NISHA JAIN B 52001 10.27
8/1/2008 517973 DMC INTER SHALANI DHOOP PVT LTD B 23833 43.65
8/1/2008 517973 DMC INTER SHALANI DHOOP PVT LTD S 23833 42.34
8/1/2008 532932 MANAKSIA LTD SAM GLOBAL SECURITIES LTD B 381403 179.61
8/1/2008 532932 MANAKSIA LTD SAM GLOBAL SECURITIES LTD S 381403 180.09
8/1/2008 531646 RFL INTERNAT SUNIL CHAUDHARY B 30000 2.31
8/1/2008 531646 RFL INTERNAT HEMANT K GUPTA B 100000 2.31
8/1/2008 507315 SAKTH SUGAL TRANSGLOBAL SECURITIES LTD B 183096 109.40
8/1/2008 507315 SAKTH SUGAL TRANSGLOBAL SECURITIES LTD S 173187 109.49
8/1/2008 531715 SHUKUN CONST NAJMUDDIN GULAMHUSAIN KHERAJ S 700000 5.92
8/1/2008 503297 SUP SYNCOT I HEMANT K GUPTA B 50000 5.79
7/1/2008 522231 CONART ENGIN REEMA AGARWAL B 24750 52.35
7/1/2008 531528 MAARS SOFTWR SPM FINANCIAL ADVISORY SERVICES PVT LTD S 761456 11.34
Unabated selling drags market below 20,600
The market witnessed a free fall towards the close and tanked 1.38% on across-the-board selling pressure. The market showed no signs of recovery on sustained selling in consumer durables, FMCG, metal and PSU stocks, with the index slipping below the 20,600 mark at the closing bell. Despite weak global cues the Sensex resumed 60 points above its previous close and hit the all-time high of 21,207 by afternoon. However, profit bookings in frontline stocks towards the close saw the Sensex slip below 21,000 mark and shed 677 points to touch the day's low of 20,530. The Sensex finally ended the session with losses of 288 points at 20,582. The Nifty, too, reeled under selling pressure and lost 115 points to close at 6,157.
The market breadth was extremely weak with losers outpacing gainers in a ratio of 7.20:1. Of the 2,912 stocks traded on the BSE, 2,544 stocks declined, 351 stocks advanced and 17 stocks ended unchanged. Except the BSE Bankex index all the sectoral indices finished in the red with steep losses. The BSE CD index was the major loser and dropped 3.76% followed by the BSE FMCG index (down 3.64%), the BSE Metal index (down 3.36%) and the BSE PSU index (down 3.15%).
Barring ICICI Bank, the index heavyweights were battered. Hindalco led the losers pack and crumbled by 4.78% at Rs202. Among the other major losers Tata Steel plummeted by 4.09% at Rs854, NTPC dropped 3.99% at Rs266, Reliance Energy tumbled by 3.91% at Rs2465, ITC shed 3.62% at Rs220, ACC declined by 3.25% at Rs939, Ranbaxy slumped 3.23% at Rs398, Infosys fell by 3.22% at Rs1602 and Cipla dipped 3.18% at Rs202. ICICI Bank, however, ended higher at Rs1,357, up 3.53%.
Over 3.26 crore RNRL shares changed hands on the BSE followed by Ispat Industries (1.81 crore shares), Reliance Petroleum (1.45 crore shares), Himachal Futuristic Communications (1.18 crore shares) and Alka India (1.05 crore shares).
Valuewise, RNRL registered a turnover of Rs719 crore on the BSE followed by Reliance Petroleum (Rs324 crore), Reliance Energy (Rs319 crore), Reliance Communications (Rs278 crore) and Reliance Capital (Rs243 crore).
Post Market Commentary
The Indian market closed on a deep red note on the back of heavy selling pressures across all the sectoral indices scrips. The market opened with handsome gains and marched to touch an all time high but was unable to retain all its gains at higher levels. The market completely takes a U turn to pare all its gains to close on a weak note. The BSE Mid cap and Small cap were the most hit as they closed lower by 329.54 points and 511.32 points at 9,440.45 and 12,858.63 respectively. The Sensex touched an intraday high of 21,206.77 and low of 20,530 during the trading session. Almost all the sectoral indices closed in negative except bankex index that closed flat. The BSE Sensex closed lower by 287.70 points at 20,582.08 and NSE Nifty fell by 115.05 points to close at 6,156.95.
BSE Metal index declined by 653.58 points to close at 18,770.14. Scrips that dropped are Jindal Stainless (5.14%), SAIL (4.78%), Hindalco Industries (4.78%), NALCO (4.03%)
BSE Realty index closed lower by 296.66 points at 13,270.05. Scrips that fell are Ansal Infrastructure (8.85%), Indiabull Real (6.70%), HDIL (3.62%), Mahindralife (3.17%).
BSE Bankex index increased marginally by 3.76 points to close at 12,044.81 as CentBOP (5.54%), IOB (4.82%), Andhra Bank (4.81%), Canara Bank (4.21%), Kotak Bank (3.82%) a.
BSE Oil & Gas index declined by 288.20 points at 13,528.94. Scrips that fell are HPCL (7.14%), Essar Oil (6.72%), RPL (5.95%), GAIL India (5.65%), BPCL (5.49%) .
BSE Capital Goods index fell by 409.28 points to close at 19,666.06. Scrips that dropped are Praj industries (6.63%), BEML (5%), L&T (2.83%), Alstom projects (3.04%).
BSE Health Care slipped by 119.73 points to close at 4,153.32 as Fortis (6.27%), Divi''s Lab (5.60%), Nicholas Piramal (5.27%), Glenmark (3.41%), Ranbaxy (3.23%) and Cipla (3.18%).
BSE IT index dropped by 108.64 points to close at 4,146.88. Scrips that slipped are Mosear Baer (5.80%), GTL (4.75%), Infosys (3.22%), Satyam (1.81%) and HCL Tech (1.28%).
Market loses ground in broad-based decline
n a complete reversal of the trend, the market lost ground in late trade from an initial surge to a record high. The decline was across the board. Consumer durables, FMCG and metal stocks were the worst hit. ICICI Bank survived the fall.
The market breadth, which was positive in the early trade, turned weak in the early afternoon trade. 2 out of 30 stocks from the Sensex pack were in red. Asian markets, which opened before Indian markets, were mostly in the red. European markets, which opened after Indian markets, were mixed.
Policy meetings of European Central Bank (ECB) and Bank of England (BoE) are due later today. Analysts expect ECB to hold interest rates steady at 4% but see the BoE cutting rates due to weak consumption that has sparked fears of a slowdown in the economy. The next Fed rates decision is due on 30 January 2008. Fed is expected to cut rates by at least 25 basis points.
The 30-share BSE Sensex provisionally ended 292.73 points or 1.40% lower at 20577.05. Sensex touched a low of 20,530.07 at the fag end of the trading session. At day’s low, Sensex shed 339.71. Sensex touched a high of 21,206.77 in mid-morning trade, a record high. At day’s high, Sensex gained 336.99.
The broader CNX S&P Nifty provisionally ended down 111.20 points or 1.77% to 6160.80.
The BSE Mid-Cap index fell 3.46% to 9,431.98. The BSE Small-Cap index was down 3.88% to 12,851.58.
The market breadth was weak on BSE with 365 shares advancing as compared to 2530 that declined. 17 remained unchanged.
BSE clocked a turnover of Rs 9068 crore compared to Wednesday (9 January 2008)'s Rs 9669 crore.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries shed 0.39% to Rs 3020.
India’s largest private sector bank by assets ICICI Bank galloped 3.48% to Rs 1356 on reports the bank will list at least 4 arms starting with ICICI Securities in next 6 months though board is yet to decide on securities arm listing.
India’s second largest software exporter by sales Infosys Technologies fell 4.08% to Rs 1591.
Hindalco Industries slipped 4.56% to Rs 203, Tata Steel shed 4.10% to Rs 854, NTPC gave away 3.99% to Rs 266.10, Reliance Energy skid 4.06% to Rs 2461.25, and ACC fell 3.61% to Rs 935.
The BSE Metal index fell 2.60% to 18,918.88, the BSE Consumer Durables index fell 3.48% to 6,366.74 and the BSE FMCG index fell 2.89% to 2,418.73.
in Europe, UK's FTSE 100 Index was almost flat at 6,273. Germany's DAX Index was down 0.01%
Asian shares fell on worries about global growth after Goldman Sachs forecast a US recession this year. Japan's Nikkei was down 1.45%, Hong Kong's Hang Seng was down 1.39%, South Korea's Seoul Composite was down 1.07% and Taiwan's Taiwan Weighted index was down 0.34%. However, China's Sanghai Composite was up 0.38%.
US stocks rose on Wednesday, 9 January 2008, and the Nasdaq broke an eight-day losing streak, as talk of recession pushed investors into health care and other defensive sectors seen as resistant to a slowdown. The Dow Jones industrial average surged 146.24 points, or 1.16%, at 12,735.31. The Standard & Poor's 500 Index rose 18.94 points, or 1.36%, at 1,409.13. The Nasdaq Composite Index surged 34.04 points, or 1.39%, at 2,474.55.
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LUMAX AUTOMOTIVE - Headlamps
RICO AUTO - Engine blocks
NK MINDA - Switches; horns
SONA GROUP - Steering columns
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Aar ya Paar - RNRL v RPL
New game - yay ! :-) . We select two stocks .. you tell us which one will outperform in the next 7 days (end of Jan 16 2007)!
RNRL or RPL
RNRL - CMP - 228.70
RPL - CMP - 232.10
Leave a comment and tell us why you think so :). Tell us if you short on both of these :)
Morning Call - Jan 10 2008
Market Grape Wine :
In House :
Intra Day: Buy bank baroda above 475 with a TGT of 489 and a SL of 469
Buy IDBI above 171 with a TGT of 179 anda SL of 168
Out House :
Markets at a support of 20502 & 20678 levels with resistance at 20978 & 21112 levels .
Buy : RIL & REL
Buy : RelCap
Buy : NTPC
Buy : SwanMills & SimplexInfra delivery call bullet
Buy : TataMotor
Buy : IBUllsreal & IBullsFin
Buy : ITC & HLL
Buy : SBIN
Buy : Religare bullet
Dark Horse : REL , JpAsso , IBullReal , Aban , RIL & SBIN
Grey Market - Reliance Power, Future Capital
Future Capital Holdings 700 to 765 625 to 635
Reliance Power 405 to 450 390 to 400
SVPCL 42 DISCOUNT
Aries Agro 130 20 to 25
Porwal Autocomponents 75 DISCOUNT
Precision Pipes & Profiles 150 30 to 35
Pre Market Watch
The Indian market is likely to have positive opening as the cues from the US market is in favor. Yesterday, the market closed on a negative note after coming off sharply from the higher levels in the final trading hours of the session. The Sensex after a flat opening dipped down by taking negative cues from the global markets but managed to recover towards the mid session to touch an intraday high of 21,113.13. The BSE Mid Caps and Small Caps stocks remained out of favor as most selling was seen from these baskets. The BSE Sensex closed with marginal loss of 3.55 points at 20,869.78 and NSE Nifty closed lower by 15.85 points at 6,272. We expect that the market may remain range bound during the trading session and volatility may rule the market.
On Wednesday, the US market closed in positive territory. The Dow Jones Industrial Average (DJIA) grew by 146.24 points to close at 12,735.31 along with S&P 500 index by 18.94 points at 1,409.13 and NASDAQ by 34.04 points at 2,474.55.
Indian ADRS closed in positive. In technology sector, Patni computers rose by 2.84% along with Infosys by 2.07% and Satyam by 0.04%. In banking sector, HDFC bank and ICICI bank grew by (3.49%) and (2.95%) respectively. VSNL inched up by (0.18%).
The major stock markets in Asia are trading mixed. Hang Seng is trading lower by 110.38 points at 27,505.47. Japan''s Nikkei is trading down by 116.94 points at 14,482.22 while Taiwan Weighted is trading up by 70.15 points at 8,155.21.
On Wednesday, the FIIs stood as net buyer both in equity and in debt. The gross equity purchased was Rs5,529.90 Crore and the gross debt purchased was Rs744 Crore while the gross equity sold stood at Rs4,476.50 Crore and gross debt sold stood at Rs86.80 Crore. Therefore, the net investment of equity reported was Rs1053.40 Crore and net debt was Rs657.20 Crore.
Today, Nifty has support at 6,182 and resistance at 6,357 and BSE Sensex has support at 20,548 and resistance at 21,149.
FII activity holds key
The key trigger for the domestic market in the near term is earnings surprises. Some of the top brokerages expect slowdown in earnings growth of 30-Sensex firms in Q3 December 2007.
Interestingly, the market has been hitting record highs almost everyday notwithstanding an expected slowdown in earnings growth. Expectation of pick up in FII inflow is perhaps keeping the market firm.
With the beginning of the new calendar year, FIIs are expected to make fresh fund allocations. FIIs pumped in Rs 71486.50 crore or $17.23 billion in Indian equities in calendar year 2007.
As per provisional data, FIIs sold shares worth a net Rs 392 crore on Wednesday, 9 January 2008. Domestic funds bought shares worth a net Rs 85.51 crore on that day.
FIIs were net sellers to the tune of Rs 889.98 crore in the futures & options segment on Wednesday. According to data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 533.28 crore and bought index options worth Rs 195.28 crore. They were net sellers of stock futures to the tune of Rs 556.03 crore and bought stock options worth Rs 4.05 crore.
Even as Sensex has been hitting record highs, small-cap and mid-cap shares have witnessed profit taking in the last two days as investors are staying in cash to subscribe to the mega IPO of Reliance Power which opens for subscription next week.
Stock-specific activity may rule the roost in the near term based on expectations of results of individual firms. Telecom sector is expected to continue to post strong earnings growth in Q3 December 2007 on the back of rising new subscriber additions whereas healthy order book will ensure that capital goods firms such as Larsen & Toubro and Bharat Heavy Electricals will turn out good performance for yet another quarter.
Media sector, too, is expected to post decent to strong growth on the back of higher advertisement rates. On the other hand, the IT sector is likely to be hit by the appreciation of the rupee against the dollar.
Steel sector is expected to show strong growth on the back of volume growth and higher price realizations. The performance of the auto sector is expected to be sluggish due to sluggish sales and pressure on margins on account of higher input costs. The banking sector is expected see increase in margins due to cut in deposit rates, and higher fee based income. Increase in costs and dismal volume growth is expected to weight on the performance of the cement sector.
IT bellwether Infosys Technologies kickstarts the reporting season on Friday, 11 January 2008.
US stocks rose on Wednesday, 9 January 2008, and the Nasdaq broke an eight-day losing streak, as talk of recession pushed investors into health care and other defensive sectors seen as resistant to a slowdown. The Dow Jones industrial average surged 146.24 points, or 1.16%, at 12,735.31. The Standard & Poor's 500 Index rose 18.94 points, or 1.36%, at 1,409.13. The Nasdaq Composite Index surged 34.04 points, or 1.39%, at 2,474.55.
But key Asian stocks edged lower today, 10 January 2008. Hong Kong’s Hang Seng was down nearly 1% and the Nikkei 225 average in Japan was down 0.87%.
Trading Calls - Jan 10 2008
Nifty (6272) Sup 6199 Res 6350
Buy NDTV (482) SL 477
Target 491, 494
Buy 3i Infotech (154) SL 150
Target 162, 164
Buy BILT (182) SL 178
Target 190, 192
Sell Matrix Labs (228) SL 232
Target 220, 218
Sell Redington (402) SL 407
Target 392, 390
Hey, where you going?
If you don't know where you are going, any road will get you there.
The markets seem to be going nowhere. But stocks are hitting extreme ends during intra-day trade. Expected volatility is on as the results season has kicked off. Infosys will declare its results tomorrow and other software biggies will follow suit next week. The IT sector has lost its charm over the past few months, with a confluence of headwinds (a strong rupee being the topmost) weakening the outlook for the industry. Not many brokerages are gung-ho about the IT sector though some expect mid-cap IT firms to prop up. There could be some positive surprise in store that could revive interest in these stocks temporarily. We expect a cautious to slightly positive opening today and another choppy day. Counters like ITC can be picked up at lower levels for investment purpose. RNRL may see wild swings on expectations of a court verdict today.
Coming to the broader market, earnings from the old economy space will also be critical if the bulls are to retain their hold over the market. As will be the global factors and trend in money flows. Over the last couple of days a lot of small- and mid-cap shares have been hammered. Whether this is a larger trend or just a temporary blip remains to be seen. One must remain highly alert and take an honorable exit from stocks that have rallied purely on speculative activity. Among the other concern is that the market breadth was negative yesterday and the volume too was sharply down from Tuesday. As the market adjusts to swings and sideways movement, make sure you know where you and your stocks are going.
Results Today: Gallant Metal, Jaypee Hotel, Motilal Oswal, Rajesh Exports, Solar Explosives, Steel Exchange and Supreme Petro.
M&M may attract attention as a business news channel says that Goldman Sachs is eyeing a stake in the tractor and utility vehicle giant. However, there is still no official confirmation with both parties denying any such move. Kopran will issue and allot on a preferential basis 581,656 shares to IDBI Bank and 200,000 shares to LIC as a part of the settlement of their dues. Pyramid Saimira's Board will meet on January 16, to consider a proposal to raise additional funds through overseas debt issue. Ispat Industries may also gain as a financial daily says that the steel maker will sell about 25% stake in Ispat Energy to PE funds for Rs8bn.
Atlanta has received a contract of Rs629.8mn in Pune for the construction and concreting of road from Hotel Green Park to bypass at Balewadi stadium crossing. DCW's Board will meet on January 15, to consider, issue of shares or any such instruments / securities to QIBs. Surana Industries says it would acquire 49% equity shares of PT Agate Resources Indonesia, Sbn Bhd from the present holders for Rs400mn. Agate Group Indonesia is into coal mining and the acquisition will give the company assured supply of coal for the integrated steel plant being set up at Raichur at Karnataka.
The RBI has allowed FIIs to purchase fresh shares of Gujarat NRE Coke through primary markets and stock exchanges up to 74% of the paid up capital of the company. Hindustan Construction has formed a SPV i.e. HCC Singapore Enterprises Pte Ltd for promoting its business overseas. HCC Real Estate has also incorporated a SPV i.e. Charosa Wineries for undertaking wine business.
US shares reversed the weak trend of the past few days and closed higher on Wednesday after Warren Buffett's Berkshire Hathaway said it may invest in municipal bond insurers and HP said earnings will withstand an economic slowdown.
Technology stocks led the rally, with the Nasdaq registering its first positive day in nine, as bargain hunters returned to a market reeling under the weight of worries with regard to a possible recession. The Dow has seen more than 500 points taken away so far this year.
Bear Stearns, Merrill Lynch and Morgan Stanley helped financial shares rebound from a four-year low. HP led technology shares higher for the first time in seven days. Gilead Sciences and Pfizer advanced after Goldman Sachs said earnings at some drugmakers will continue to rise.
The Standard & Poor's 500 Index added 19 points or 1.4%, to 1,409.13, rallying from a 10-month low. The Dow Jones Industrial Average climbed 146 points, or 1.2%, to 12,735.31, erasing an 87-point drop. The Nasdaq gained 34 points, or 1.4%, to 2,474.55.
The S&P 500 rebounded from the lowest level since March after Berkshire said it may buy stakes in municipal bond insurers, which account for two of the eight worst-performing shares in the S&P 500 this year. Banks and brokerages fell as much as 2.3% earlier after Countrywide Financial said foreclosures are rising.
Banks also rose after Bear Stearns CEO Alan Schwartz told CNBC that the firm won't take more writedowns because it is adequately marked to market on its investments. Stock-index futures climbed in extended trading after Alcoa reported profit that topped estimates. Alcoa shares gained 4% in extended trade.
Also after the close, Target said its CEO will retire in May amid slumping sales. He will be replaced by the retailer's president. Target shares were little changed in after-hours trade.
There are no big market-moving earnings or economic reports scheduled for Thursday. Fed chairman Ben Bernanke is slated to deliver a speech in the afternoon in Washington DC, on the economic outlook and monetary policy.
Treasury prices slumped, raising the corresponding yields on the 10-year note to 3.82 percent from 3.77 percent late on Tuesday. In currency trading, the dollar gained versus the yen and euro.
US light crude oil for February delivery fell 66 cents to settle at $95.67 a barrel on the New York Mercantile Exchange. The price of oil seesawed following the morning release of a mixed oil inventories report.
COMEX gold for February delivery rose $1.40 to settle at $881.70 an ounce, nearing record highs hit on Tuesday.
European stocks markets finished in the red after British retailer Marks & Spencer posted its worst quarterly sales in more than two years, heightening worries about trends in consumer spending and economic growth.
The pan-European Dow Jones Stoxx 600 index shed 1.3% to 348.77, the sharpest percentage drop since last Friday. London's FTSE 100 index slipped 1.3%, or 83.80 points, to 6,272.70 while the French CAC-40 lost 1.1% at 5,435.42 and the German DAX 30 fell 0.9% to 7,782.71.
In the emerging markets, the Bovespa in Brazil gained nearly 1% at 62,673 while the IPC index in Mexico rose 0.5% at 28,401. The RTS index in Russia was up almost 0.3% at 2296 and the ISE National-30 index fell 1% to 66,235.
Asian markets were trading mixed this morning. The Nikkei in Tokyo was down 117 points at 14,482 while the Hang Seng in Hong Kong dropped 160 points at 27,455. The Kospi in Seoul and the Shanghai Composite in China were flat at 1848 and 5434, respectively. The Straits Times in Singapore was unchanged at 3344 and the Taiex in Taiwan rose 36 points to 8121.
Bulls hope to sustain gains
Markets ended on a flat note showing strong resilience against the US slump. The index heavyweights witnessed fresh buying interest as stocks like HDFC, NTPC, RCOM and DLF lifted the benchmark Sensex to hit the 21k mark for the second time. However, it was yet another volatile session as alternate bouts of buying and selling tossed the key indices into negative and positive terrain. The Sugar, Mid-Cap IT and banking stocks recorded smart gains ahead of the earning season. Finally, 30-share Sensex closed flat at 20,869 and Nifty ended at 6,272 down 15 points.
Omnitech surged by over 4% to Rs218 after the board of directors of the company announced that they would meet on January 14 to mull fund raising plan. The scrip touched an intra-day high of Rs224 and a low of Rs201 and recorded volumes of over 2,00,000 shares on NSE.
ICRA edged lower by 0.8% to Rs940. The company announced that it entered in MoU with state Bank of Mysore to rate bank loans. The scrip touched an intra-day high of Rs980 and a low of Rs906 and recorded volumes of over 4,000 shares on NSE.
EMCO rallied by over 9% to Rs1559 after the Board of Directors of the company declared that they would consider a stock split on January 17. The scrip touched an intra-day high of Rs1623 and a low of Rs1500 and recorded volumes of over 15,000 shares on NSE.
Taneja Aerospace rose over 6.5% to Rs237 after the company announced that it has entered in to MRO facility agreement with Awacs. The scrip has touched an intra-day high of Rs249 and a low of Rs210 and has recorded volumes of over 4,00,000 shares on NSE.
Bajaj Auto ended flat at Rs2533. According to reports the company unveiled the prototype of its small car; company to roll out its LCV by 2009. The scrip touched an intra-day high of Rs2579 and a low of Rs2500 and recorded volumes of over 39,000 shares on NSE.
Power Grid ended 0.6% lower to Rs143. Reports stated that the company has planned to enter entertainment and telecom business. The scrip touched an intra-day high of Rs145 and a low of Rs142 and recorded volumes of over 55,00,000 shares on NSE.
Sugar stocks, especially south based ones like Shree Renuka Sugars and Sakthi Sugars, reacted positively today to reports that government issued notification to the extent which effectively allows only sugar companies to manufacture ethanol from sugarcane. This put a spanner in the plans of companies like Reliance Industries and HPCL, which were earlier planning to bid for closed sugar mills in Bihar to make ethanol. Renuka Sugar rallied by over 12% to Rs1254 and Sakhti Sugar surged over 15% to Rs125.
The Mid-Cap banking stocks were in limelight on back of expectation of good results. Bank of India surged by over 6.5% to Rs400, Bank of Baroda was up 2.2% to Rs462 and Andhra Bank gained 2% to Rs118. Axis Bank rose over 3% to Rs1009 after the company announced its Q3 result with net profit rising 66% to Rs3.07bn from Rs1.85bn a year earlier.
The Mid-Cap IT stocks also gained momentum ahead of the result season. I-flex jumped by over 8% to Rs1585, Polaris was up by over 6% to Rs138, Mphasis advanced 6.2% to Rs304 and Rolta added 2% to Rs716.
What the FIIs are doing
FIIs were net sellers of Rs3.92bn (provisional) in the cash segment on Wednesday while the local institutions were net buyers of just Rs855.1mn. In the F&O segment, foreign funds were net sellers of Rs8.9bn.
On Tuesday, FIIs were net buyers of Rs10.53bn in the cash segment. Mutual Funds were net buyers of Rs125mn on the same day.
News Snippets:
Bajaj Auto is looking at acquiring a car company to break into the higher segments of the market and plans an electric car for Europe. (BS)
Goldman Sachs is in advanced talks to invest in the Mahindra group. (BS)
SC stays PIL against Reliance Power IPO. (BS)
ICICI bank to unlock value in four of its subsidiaries and the process could begin in the next six months. (ET)
Aditya Birla Nuvo will raise Rs42bn through preferential allotment of warrants to the Kumar Mangalam family in the next 18 months. (ET)
ITC plans to launch new energy bars and breakfast cereals to extend its product profile. (FE)
UTI Mutual Fund to offer ESOPs to all its employees. (ET)
Unitech to go for US$1.5bn QIP in the next couple of months.
Tata Power and Reliance Energy are among the six short- listed companies by the Maharashtra Government for the proposed Dhopave project. (ET)
RIL and RNRL have moved the Mumbai High Court over the gas supply dispute between the two companies. (ET)
PE players JPMorgan and IDFC are eyeing a minority stake in Hyderabad-based logistics player, Seaways. (ET)
Kingfisher Airlines would be permitted to fly abroad this year. (BS)
European aerospace giant EADS is acquiring 24% stake in India Aero Ventures, promoted by ex-BPL mobile chief Rajeev Chandrashekar for Rs1.3bn. (ET)
The DoT is reconsidering the applications of six companies for telecom licenses, which it had rejected on Tuesday. (ET)
The Government assures TDSAT that enough spectrum would be available for existing as well as new players after allotting radio frequencies to RCOM. (ET)
Private cement producers in Tamil Nadu agree to set aside two million bags per month for economically weaker section and lower middle class people at a price of Rs200 per bag. (ET)
Pharma companies unlikely to get sops for R&D outfits. (ET)
Stainless steel companies have asked the Government to increase customs duty on value added stainless steel cold rolled coils to prevent China from dumping into India. (ET)
The Government may bring procurement contracts of defence ministry under tax collected at source (TCS) in this budget. (ET)
Indian Bank Association members to meet on interest rate cut. (FE)
Commerce Minister Kamal Nath says that the Government might consider importing more cement to meet the demand – supply mismatch situation. (BL)
Short Term Trading Calls - Jan 10 2008
Buy Reliance Capital with a stop loss of Rs 2780 for a target of Rs 3000
Buy RSWM with a stop loss of Rs 206 for a target of Rs 350
US Markets make a comeback
Nasdaq ends higher for the first time in 2008 ending eight day losing streak
With the help of Financial and Technology stocks, US stock market made a sudden but modest comeback today, Wednesday, 09 January, 2008 and all the three indices closed higher simultaneously for the first time in FY 2008. The stock market oscillated between positive and negative territory for the entire day. At the end, each of the ten economic sectors finished in positive territory. Gold prices struck another new record today but crude witnessed marginal drop.
Dow component Du Pont raising its profit estimate for FY 2007 and FY 2008 also fuelled today’s rally. After being down by almost 84 points earlier in the day, the Dow Jones industrial Average finally ended the day with a good gain of 146.2 points at 12,735.3. The Nasdaq Composite Index, finished higher by 34 points at 2,474. S&P 500 finished higher by 19 points at 1,409.
Twenty-four out of thirty Dow stocks ended in the green today. Du-Pont headed the group of winners while GM headed the team of losers. Among the financials, Citigroup and JP Morgan made a late comeback and closed 1.3% higher. Du-Pont stock ended higher by 4.8%.
Stocks today opened modestly higher today on news that Dow Component DuPont raised its earnings guidance for 2007 and 2008. But economic concerns again weighed on traders, after Goldman Sachs said the U.S. is likely in a recession or will be there shortly. Stocks started trading in negative territory. But in between, they crept back in the green.
Indian ADRs ended mixed today but majority of them ended in green. Tata Motors and HDFC Bank were the topmost winners gaining 5.2% and 3.5% respectively.
Crude prices went through a volatile session today and ultimately ended lower for the day. Prices rose today initially after chances of recession hitting US increased. But at the end prices closed lower as Energy Department reported buildup in fuel stockpiles. Crude-oil futures for light sweet crude for February delivery closed at $95.67/barrel (lower by $0.66/barrel or 0.7%) on the New York Mercantile Exchange. Earlier, the contract hit an intraday high of $97.97 and a low of $95.42. Prices are 72% higher on a yearly basis.
Volume on the New York Stock Exchange neared 2.1 billion shares, and advancing stocks racing ahead of those declining 3 to 1. On the Nasdaq, more than 2.8 billion shares exchanged hands, and advancers topped decliners by about 7 to 6.
Tomorrow, the weekly initial jobless claims and wholesale inventories readings are slated for release.
NSE Bulk Deal Watch - Jan 9 2008
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
09-JAN-2008,BURNPUR,Burnpur Cement Limited,DEV SUMAN SINDHU,BUY,237312,40.01,-
09-JAN-2008,EUROCERA,Euro Ceramics Limited,NISHU FINLEASE PVT. LTD.,BUY,91578,237.00,-
09-JAN-2008,GENUSOVERE,Genus Overseas Electronic,LB INDIA HOLDINGS CAYMAN II LTD,BUY,148000,795.51,-
09-JAN-2008,GOKEX,Gokaldas Exports Limited,LAKSHMI SATYAPAL JAIN,BUY,242000,274.48,-
09-JAN-2008,GOKEX,Gokaldas Exports Limited,LAXMI JAIN,BUY,500000,274.75,-
09-JAN-2008,HINDMOTOR,Hindustan Motors Ltd.,CHANDER PARKASH GUPTA,BUY,836883,81.30,-
09-JAN-2008,ITI,ITI Ltd.,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,BUY,116840,72.97,-
09-JAN-2008,ITI,ITI Ltd.,AUM SECURITIES PRIVATE LTD,BUY,26613,73.93,-
09-JAN-2008,MADHUCON,Madhucon Projects Limited,BIRLA SUN LIFE TRUSTEE CO PVT LTD,BUY,200000,746.34,-
09-JAN-2008,MADHUCON,Madhucon Projects Limited,MORGAN STANLY,BUY,199366,744.37,-
09-JAN-2008,PRAKASH,Prakash Industries Ltd.,MORGAN STANLEY DEAN WITTER MAURITIUS CO. LTD,BUY,500000,337.00,-
09-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,CHANDER PARKASH GUPTA,BUY,268284,121.48,-
09-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,284573,121.04,-
09-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,THIRD AVENUE GLOBAL VALUE MASTERFUND LLP,BUY,400000,109.66,-
09-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,TRANSGLOBAL SECURITIES LTD.,BUY,301614,120.01,-
09-JAN-2008,SRF,SRF Ltd.,NEW YORK STATE COMMON RETIREMENT FUND,BUY,521762,191.00,-
09-JAN-2008,ALPSINDUS,Alps Industries Ltd.,BSMA LIMITED,SELL,250000,91.10,-
09-JAN-2008,BURNPUR,Burnpur Cement Limited,DEV SUMAN SINDHU,SELL,237312,40.07,-
09-JAN-2008,GENUSOVERE,Genus Overseas Electronic,LB INDIA HOLDINGS MAURITIUS II LTD - FCCB,SELL,147880,795.50,-
09-JAN-2008,GOKEX,Gokaldas Exports Limited,DALMIA CEMENT (BHARAT) LTD.,SELL,500000,274.75,-
09-JAN-2008,GOKEX,Gokaldas Exports Limited,RINA JAIN,SELL,241868,274.43,-
09-JAN-2008,HINDMOTOR,Hindustan Motors Ltd.,CHANDER PARKASH GUPTA,SELL,836883,81.41,-
09-JAN-2008,ITI,ITI Ltd.,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,SELL,124016,73.96,-
09-JAN-2008,ITI,ITI Ltd.,AUM SECURITIES PRIVATE LTD,SELL,101613,73.67,-
09-JAN-2008,PRAKASH,Prakash Industries Ltd.,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,SELL,500000,337.00,-
09-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,CHANDER PARKASH GUPTA,SELL,268284,121.75,-
09-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,284573,121.28,-
09-JAN-2008,SAKHTISUG,Sakthi Sugars Ltd.,TRANSGLOBAL SECURITIES LTD.,SELL,304319,119.80,-
BSE Bulk Deals to Watch - Jan 9 2008
9/1/2008 531247 ALPHA HI-TEC MAGUNTA RAGHAV S 19646 8.00
9/1/2008 531223 ANJANI SYNTH D P SHAH B 37406 140.21
9/1/2008 531223 ANJANI SYNTH EUREKA STOCK AND SHARE BROKING SERVICES LTD B 75000 131.85
9/1/2008 531223 ANJANI SYNTH D P SHAH S 37406 140.17
9/1/2008 521167 APEEGO LTD PRAFUL BABUBHAI JHAVERI HUF S 40000 4.15
9/1/2008 506874 ASKME IN HU SUSHIL KUMAR KESHAVRAO SHISODIYA B 39256 2.42
9/1/2008 506874 ASKME IN HU SUSHMA SUSHIL SHISODIYA B 39256 2.42
9/1/2008 506874 ASKME IN HU ASTUTE COMMODITIES AND DERIVATIVES PVT LTD B 69454 2.42
9/1/2008 506874 ASKME IN HU NAVINCHANDRA C BHAGAIYA S 30000 2.42
9/1/2008 506874 ASKME IN HU SURYAPRAKASH DHANRAJ JAIN S 50000 2.22
9/1/2008 506874 ASKME IN HU ASTUTE COMMODITIES AND DERIVATIVES PVT LTD S 69454 2.42
9/1/2008 532406 AVANTEL SOFT VISHAL TANSUKHLAL MINDA B 48010 131.32
9/1/2008 532406 AVANTEL SOFT AAAR SECURITIES AND FINANCE B 31615 122.35
9/1/2008 532406 AVANTEL SOFT VIDYA SAGAR SAH B 68093 124.65
9/1/2008 532406 AVANTEL SOFT AAAR SECURITIES AND FINANCE S 31615 124.36
9/1/2008 505506 AXON INFOTEC CHIRAG SECURITIES B 32908 75.00
9/1/2008 505506 AXON INFOTEC SUDHIR CREDIT PVT LTD S 21950 75.14
9/1/2008 505506 AXON INFOTEC SANGITA FISCAL SERVICES PVT LTD S 5100 75.00
9/1/2008 505506 AXON INFOTEC RUCHI TRADES AND HOLDINGS PVT LTD S 21300 75.01
9/1/2008 505506 AXON INFOTEC CHIRAG SECURITIES S 11905 75.66
9/1/2008 505506 AXON INFOTEC V R P FINANCIAL SERVICES PVT LTD S 28837 76.21
9/1/2008 531591 BAMPSL SECUR JMP SECURITIES PVT. LTD. S 361545 3.73
9/1/2008 512332 BIRLA CAP AYODHYAPATI INVESTMENT PVT LTD B 83208 25.07
9/1/2008 512332 BIRLA CAP AYODHYAPATI INVESTMENT PVT LTD S 78558 25.08
9/1/2008 511628 BRESCON CORP KIRAN L PATEL NRE B 18988 287.61
9/1/2008 531682 CAT TECHNOL ATUL ANANTRAI MEHTA B 218700 15.38
9/1/2008 531682 CAT TECHNOL ATUL ANANTRAI MEHTA S 218700 15.44
9/1/2008 505923 CEEKAY DIAKI RITU JAIN B 29000 147.85
9/1/2008 531327 CHARMS INDS MAGUNTA RAGHAV B 134930 6.31
9/1/2008 531327 CHARMS INDS H H JAVERI S 23643 6.50
9/1/2008 531327 CHARMS INDS H.R. JAVERI S 39701 6.40
9/1/2008 532363 COMP-U-LEARN SRECKO INDHAN LIMITED B 50000 18.42
9/1/2008 532271 CYBERMAT INF EDELWEISS ESTATES P LTD B 600000 18.00
9/1/2008 532271 CYBERMAT INF NAMAN SEC AND FIN LTD B 400521 18.00
9/1/2008 532271 CYBERMAT INF JMP SECURITES PVT. LTD. B 732386 18.18
9/1/2008 532271 CYBERMAT INF VIDYA SAGAR SAH B 1000000 18.68
9/1/2008 532271 CYBERMAT INF NAMAN SEC AND FIN LTD S 395520 17.99
9/1/2008 532271 CYBERMAT INF JMP SECURITIES PVT. LTD. S 791886 18.19
9/1/2008 532857 GLORY POLY MAVI IMPEX LTD. B 100000 98.44
9/1/2008 531913 GOPAL IRON HIMAL K PARIKH HUF B 27400 18.51
9/1/2008 531913 GOPAL IRON DIMPLE A PARIKH S 27000 18.50
9/1/2008 532139 GTECH INFOTR CHANDRAKANT BHAGILALSHAH S 863850 1.39
9/1/2008 524184 GULSHA SUG C KAMAL KUMAR DUGAR AND CO B 70158 69.13
9/1/2008 524184 GULSHA SUG C KAMAL KUMAR DUGAR AND CO S 70158 70.66
9/1/2008 532457 GULSHAN POLY PRISM IMPEX PVT LTD S 37648 505.10
9/1/2008 531840 IEC SOFTWARE VSB INVESTMENTS PVT LTD B 40825 44.14
9/1/2008 531998 IFSL LTD VIDYA SAGAR SAH B 500000 3.49
9/1/2008 530719 IKF FINANC L MERCY CYRIAC B 59358 22.35
9/1/2008 531777 INTELLVIS SO SUDHIR JAIN B 107400 196.60
9/1/2008 524494 IPCA LAB LTD. MORGAN STANLEY MAU CO LTD S 157000 705.00
9/1/2008 530405 JINDAL CAP. ASMAH SHARES AND STOCK BROKERS PVT. LTD. B 20478 85.90
9/1/2008 530405 JINDAL CAP. ATUL MEHTA HUF B 18450 86.45
9/1/2008 530405 JINDAL CAP. ANGEL INFIN PRIVATE LIMITED B 30001 86.45
9/1/2008 530405 JINDAL CAP. JMP SECURITIES PVT. LTD. B 118020 86.27
9/1/2008 530405 JINDAL CAP. ASTUTE COMMODITIES AND DERIVATIVES PVT LTD B 55462 86.26
9/1/2008 530405 JINDAL CAP. ASMAH SHARES AND STOCK BROKERS PVT. LTD. S 39197 86.22
9/1/2008 530405 JINDAL CAP. ANGEL INFIN PRIVATE LIMITED S 30001 86.45
9/1/2008 530405 JINDAL CAP. JMP SECURITIES PVT. LTD. S 106427 86.45
9/1/2008 530405 JINDAL CAP. ASTUTE COMMODITIES AND DERIVATIVES PVT LTD S 52160 86.38
9/1/2008 517569 KEI INDUSTRI JMP SECURITIES PVT. LTD. B 338758 159.02
9/1/2008 517569 KEI INDUSTRI HSBC GLOBAL INV FD ACC HSBC GLOBAL INV FD BRIC FREESTYLE S 355000 154.28
9/1/2008 532067 KILPEST INDI MALA HEMANT SHETH S 60532 101.98
9/1/2008 532092 KIRTI FINVES PARI STOCK TRADING PVT LTD B 378335 2.11
9/1/2008 532092 KIRTI FINVES JMP SECURITIES PVT. LTD. B 1056936 2.12
9/1/2008 532092 KIRTI FINVES PARI STOCK TRADING PVT LTD S 400500 2.12
9/1/2008 532092 KIRTI FINVES JMP SECURITIES PVT. LTD. S 806936 2.12
9/1/2008 517471 KOA TOOL IN STERLING FINMAN PVT LTD B 500000 2.05
9/1/2008 531261 KUSHAGRA SO RAJKUMAR HASIJA B 100000 10.66
9/1/2008 505523 MAH IND LEAS PARI STOCK TRADING PVT LTD B 34692 54.04
9/1/2008 505523 MAH IND LEAS PARI STOCK TRADING PVT LTD S 70535 54.25
9/1/2008 514242 MH MILLS & I S R RAMESH B 35000 24.28
9/1/2008 506261 MODISON META FUTURE VENTURE INDIA LIMITED B 1200000 71.44
9/1/2008 506261 MODISON META MODISON COPPER PVT LTD S 294070 72.95
9/1/2008 506261 MODISON META MODISON PVT LTD S 294070 70.00
9/1/2008 532407 MOSCHIP SEMI JMP SECURITIES PVT. LTD. S 390243 41.34
9/1/2008 511523 NIYAT INDUST SARITA G YADAV S 300250 2.24
9/1/2008 524764 NUTRAPLUS PR ARVIND KANJI CHHEDA B 25000 23.66
9/1/2008 524764 NUTRAPLUS PR LATIN MANHARLAL SEC PVT LTD S 27120 22.92
9/1/2008 524572 PHARMAID PHA ANIL V DEDHIA B 18000 15.23
9/1/2008 531646 RFL INTERNAT HEMANT KUMAR GUPTA B 100000 2.42
9/1/2008 531646 RFL INTERNAT PARASMAL G S 40110 2.42
9/1/2008 507315 SAKTH SUGAL H.J.SECURITIES PVT.LTD B 184371 199.05
9/1/2008 507315 SAKTH SUGAL H.J.SECURITIES PVT.LTD S 184371 119.32
9/1/2008 531800 SHEETAL BIO RAMA SHIVA LEASE FINANCE PRIVATE LIMITED S 500000 2.50
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Crude oil slips
Crude prices slip as fuel product inventories rise
Crude prices went through a volatile session today and ultimately ended lower for the day. Prices rose today initially after chances of recession hitting US increased. But at the end prices closed lower as Energy Department reported buildup in fuel stockpiles.
Crude had ended FY 2007 substantially higher by $35 or 57%. It was crude’s biggest yearly gain in five years.
Crude-oil futures for light sweet crude for February delivery closed at $95.67/barrel (lower by $0.66/barrel or 0.7%) on the New York Mercantile Exchange. Earlier, the contract hit an intraday high of $97.97 and a low of $95.42. Prices are 72% higher on a yearly basis. Last week, crude prices gained $2.
As per the weekly inventory report by the Energy Department, U.S. crude inventories dropped by 6.8 million barrels to 282.8 million barrels for the week ending 4 January, 2008, the lowest in more than three years.
The report also said that gasoline supplies rose by 5.3 million barrels in the latest week, and distillate supplies, which include heating oil and diesel, grew by 1.5 million barrels. U.S. crude oil imports averaged 9.8 million barrels per day last week, down 203,000 barrels per day from the previous week. U.S. refineries operated at 91.3% of their capacity, the highest in more than four weeks.
Brent crude oil for February settlement today fell $1.17 (1.2%) to $94.37 on the London-based ICE Futures Europe exchange. The London benchmark rose 54% in FY 2007, the most since 1999 when prices more than doubled.
Only Natural gas registers gains
Natural gas in New York advanced amid forecasts for colder weather and expectations of an above-average inventory withdrawal. Natural gas for February delivery rose 13.2 cents (1.7%) to settle at $8.099 per million British thermal units. Gas has gained 24% in the past one year.
As per EIA, consumption of natural gas surged 6% in 2007 as against a decline of 1.6% in the previous year. In FY 2008 and FY 2009, consumption is forecast to rise 0.6% and 1% respectively.
Against this backdrop, February reformulated gasoline fell 3.84 cents to $2.4355 a gallon and February heating oil slid 2.29 cents to $2.6134 a gallon.
As per National Weather Service, above average temperature will dominate most part of US for the next two weeks. This is the time of peak demand for gasoline and heating oil.
Yesterday EIA said that it expects crude oil prices to average $94 per barrel in January. The Western Texas Intermediate crude oil, the underlying crude for Nymex crude-oil futures, is expected to average about $87 per barrel in 2008 and $82 in 2009. WTI prices averaged $72 per barrel in 2007.
Members of the OPEC left production targets unchanged at the 5 December meeting in Abu Dhabi. The group, which produces 40% of the world's oil, will review output at a 1 February, 2008 meeting in Vienna.
Gold ends marginally higher
Precious metals register modest gain anticipating another interest rate cut
Gold struck another record new high during intra day trading today, Wednesday, 09 January, 2008 but then ended marginally higher at the close. Gold rose on speculation that the Federal Reserve will continue to cut interest rates during the end of this month thus weakening the dollar further. Gold prices struck a new all time record yesterday as oil prices increased and dollar traded mixed against its rivals. Increasing tensions between US and Iran had also added to the rally. Silver prices too gained today.
Gold generally moves in the opposite direction of the U.S. currency. Gold, as a dollar-denominated commodity, suffers from dollar strength.
Comex Gold for February delivery today rose $1.4 (0.16%) to close at $881.7 an ounce on the New York Mercantile Exchange. During intraday trading prices rose as high as $894.4/ounce. Last week, gold prices gained $23/ounce (2.7%). This year, prices have gained 5.3% till date.
Yesterday gold prices had closed at $880/ounce. That closing price was the highest price after a record $873 that gold hit on 21 January, 1980.
Comex Silver futures for March delivery today rose 2.5 cents (0.2%) to $15.84 an ounce. Prices touched 26 year high on 7 November, 2007, after reaching $16.275. Silver has gained 6.1% in 2008. The metal had climbed 15.5% in FY 2007. The metal also has gained for seven straight years.
Gold witnessed the greatest annual gain in twenty eight years by gaining $200/ounce (31%) in FY 2007. In 2006, silver had jumped 46% while gold gained 23%.
In the currency market today, the dollar index, which measures the value of the U.S. currency against a basket of six major currencies, gained as much as 0.5% today to 76.50.
In the energy market today crude oil crude oil fell after an Energy Department report showed that U.S. fuel stockpiles surged last week as refineries bolstered operating rates.
Gold has traditionally been used as a safe-haven asset against rising inflation. Investor sentiments are boosted by the fact that gold and silver are alternate sources of good investment in the face of declining dollar and rising energy prices. Rising crude increases inflationary pressures and vice versa. On the other hand strong dollar reduces the appeal of the metal as alternate source of investment.
Gold had climbed 31% in FY 2007 as lower interest rates had sent the dollar tumbling, and crude-oil prices rose to a record.
The Fed reduced federal funds rate three times in FY 2007. The current interest rate stands at 4.5%. The Fed also lowered its discount rate twice, the interest it charges on direct loans it makes to banks, and currently it stands at 4.75%. With these interest rate cuts, dollar has been tumbling down. Market anticipates that there will be more rate cut in the coming year.
Gold is expected to rally to all-time highs in the first quarter in FY 2008 as higher oil prices and a weaker dollar will continue to boost demand. Market expects another phase of interest rate cut in the end of the month. But gold is slated to average around $800/ounce in FY 2008 as against $696/ounce in FY 2007.
Right to innovation - Tata's 1L car
Tata Motors of India will soon unveil a $2,500 car that is a not only a marvel of low-cost manufacture but a novel business model innovation. The “People’s Car” (this nickname sounds like the original Beetle, right?) is the latest incarnation of India’s ability to change the way business is organized and managed to produce low-priced products services for people at the Bottom of the Pyramid. India is pioneering in low-cost eye surgeries, low-cost telecom services and low-cost retailing (with tiny sachets of shampoo and other products).
My own concerns about the $2,500 car is that Tata didn’t go far enough. Putting millions of additional cars on India’s terrible roads will cause a nightmare of even more pollution and crowding. If India and China follow the Western model in lifting their people out of poverty into the middle class, global warming can only become much worse. This may not be fair to Indians and Chinese but it is, alas, probably true.
Read more on BusinessWeek
Be sure to check the comments in that article ;-)
What's wrong with these people who write about it like this ? Every country has the right the follow to what is best for them. Telecom became a revolution in India because Reliance Communications came with a cheap phone or what Deccan Aviation did to the airline industry. It might do the same to the car industry. As for safety standards, I am sure a Plastic car with limited speed would be much safer than a 80 Km/hr two wheeler.
We have the right to innovate and will do it in our way ! He should probably look at their Global Warming stats before commenting on India ! What say!
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