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Wednesday, July 30, 2008
BSE Bulk Deals to Watch - July 30 2008
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/7/2008 590059 BIHAR TUBES APL INFRASTRUCTURE PRIVATE LIM B 1545000 156.75
30/7/2008 590059 BIHAR TUBES RAJASHTHAN GLOBAL SECURITIES LTD S 1600000 156.75
30/7/2008 533006 BIRLA COTSYN N D NISSAR B 765355 11.03
30/7/2008 533006 BIRLA COTSYN H.J.SECURITIES PVT.LTD. B 1329331 9.90
30/7/2008 533006 BIRLA COTSYN ADARSH FINVEST PRIVATE LTD B 1090500 9.77
30/7/2008 533006 BIRLA COTSYN N D NISSAR S 765355 11.03
30/7/2008 533006 BIRLA COTSYN H.J.SECURITIES PVT.LTD. S 1329331 9.89
30/7/2008 533006 BIRLA COTSYN JATIA FINANCE LTD S 864870 9.27
30/7/2008 500078 CAMP ALLI PR SUMARU ENTERPRISES PRIVATE LTD B 55000 85.55
30/7/2008 532836 GREMAC INFRA MAVI INVESTMENT FUND LTD S 150000 88.01
30/7/2008 531084 INDOCASTLE M INDOCITY INFOTECH LTD S 52700 13.95
30/7/2008 512185 IOL NET COM JAROLI VINCOM PVT LTD B 170000 80.54
30/7/2008 530885 JAISAL SECUR VENUGOPAL REDDY S B 25000 37.49
30/7/2008 530885 JAISAL SECUR CANOS TRADING PVT LTD. S 20000 37.50
30/7/2008 500277 MIDINDI INDU ALKEN MANAGEMENT AND FINANCIAL S B 90064 2.97
30/7/2008 532606 PAREKH ALUM PIONEER NIRMAN INDIA PRIVATE L B 147559 142.38
30/7/2008 514300 PIONER EMBRO ANAND YOGESH SHARES AND CONSULTANCY PVT LTD B 68500 45.72
30/7/2008 514300 PIONER EMBRO GOPAL TRADERS S 65173 45.75
30/7/2008 500302 PIRAMA HEALT THE SWASTIK SAFE DEPOSIT B 1390000 315.00
30/7/2008 500302 PIRAMA HEALT URVI ASHOK PIRAMAL S 1390000 315.00
30/7/2008 531646 RFL INTERNAT KANAK B MEHTA B 26000 0.70
30/7/2008 500389 SILVERLINE T APEX SECURITIES B 466923 19.00
30/7/2008 500389 SILVERLINE T SHALANI DHOOP PVT LTD B 454232 19.02
30/7/2008 500389 SILVERLINE T APEX SECURITIES S 247123 18.97
30/7/2008 500389 SILVERLINE T BSMA LTD S 950000 18.82
30/7/2008 500389 SILVERLINE T SHALANI DHOOP PVT LTD S 495578 19.02
30/7/2008 504398 SJ CORP LTD RAMESH D. PATEL B 2500 446.80
30/7/2008 504398 SJ CORP LTD SURBHI DHANANJAYA DESAI S 1500 446.80
30/7/2008 504398 SJ CORP LTD DHANANJAYA SUSHILCHANDRA DESAI S 1000 446.80
30/7/2008 517224 SUJANA UNIV S V ENTERPRISES B 1046170 11.22
30/7/2008 517224 SUJANA UNIV S V ENTERPRISES S 1046170 10.90
30/7/2008 532887 SUJANATOWER LIVE STAR MARKETING PVT LTD S 220000 75.00
30/7/2008 507785 TAINWA CHE P BHAGWANDAS HASHMATRAI MELWANI S 200000 13.01
30/7/2008 524394 VIMTA LABS L QUEST PORTFOLIO SERVICES P.LTD. B 200000 47.20
30/7/2008 524394 VIMTA LABS L DHARAMSHI BROKING PVT.LTD. S 200000 47.20
30/7/2008 517498 WEBEL SL ENE S L AGARWAL B 40000 232.00
30/7/2008 517498 WEBEL SL ENE GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD S 40000 232.00
NSE Bulk Deals to Watch - July 30 2008
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-JUL-2008,ADHUNIK,Adhunik Metaliks Limited,CLEARWATER CAPITAL PARTNERS INVESTMENTS LTD.,BUY,610000,113.73,-
30-JUL-2008,ALEMBICLTD,Alembic Limited,MERRILL LYNCH INTERNATIONAL LTD,BUY,3075323,42.00,-
30-JUL-2008,BAJAJHLDNG,Bajaj Holdings & Invs Ltd,SANRAJ NAYAN INVESTMENTS PRIVATE LIMITED,BUY,2500000,394.99,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,ADROIT FINANCIAL SERVICES PVT LTD,BUY,1796580,10.91,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,AYODHYAPATI INVESTMENT PVT.LTD,BUY,608900,10.38,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,BUY,615966,10.35,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,NISSAR BROTHERS,BUY,1341622,10.90,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,PRAKASH & CO,BUY,1406962,11.01,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,PRASHANT JAYANTILAL PATEL,BUY,1341755,11.40,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,SS CORPORATE SECURITIES LIMITED,BUY,769282,11.43,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,TRANSGLOBAL SECURITIES LTD.,BUY,3706899,10.77,-
30-JUL-2008,CRISIL,CRISIL Limited,CLSA (MAURITIUS) LIMITED,BUY,122816,3605.00,-
30-JUL-2008,FIRSTWIN,First Winner Industries L,MLJ FOODS PVT LTD,BUY,91200,120.81,-
30-JUL-2008,FIRSTWIN,First Winner Industries L,SCB CORPORATION PROP SUNIL BAMCHA,BUY,150003,124.15,-
30-JUL-2008,FIRSTWIN,First Winner Industries L,TRANSGLOBAL SECURITIES LTD.,BUY,190627,118.96,-
30-JUL-2008,GODFRYPHLP,Godfrey Phillips Ltd.,CLSA (MAURITIUS) LIMITED,BUY,72556,1299.00,-
30-JUL-2008,GRANULES,Granules India Limited,KRISHNA PRASAD CHIGURUPATI,BUY,326565,53.00,-
30-JUL-2008,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,BUY,6798535,25.78,-
30-JUL-2008,PIONEEREMB,Pioneer Embroideries Limi,ANAND YOGESH SHARES AND CONSULTANCY PVT LTD,BUY,68500,44.82,-
30-JUL-2008,ADHUNIK,Adhunik Metaliks Limited,ABN AMRO BANK N.V. LONDON BRANCH,SELL,643276,111.83,-
30-JUL-2008,ALEMBICLTD,Alembic Limited,FIDELITY TRUSTEE COMPANY PRIVATE LIMITED A/C FIDELITY EQUITY,SELL,3203976,42.01,-
30-JUL-2008,BAJAJHLDNG,Bajaj Holdings & Invs Ltd,T. ROWE PRICE INTERNATIONAL A/C NEW ASIA FUND,SELL,1412549,395.00,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,ADROIT FINANCIAL SERVICES PVT LTD,SELL,1796580,10.85,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,AYODHYAPATI INVESTMENT PVT.LTD,SELL,1132900,10.67,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,BHAGYANAGAR METALS LIMITED,SELL,700000,12.15,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,SELL,615966,10.39,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,NISSAR BROTHERS,SELL,1341622,10.91,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,PRAKASH & CO,SELL,1406962,11.25,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,PRASHANT JAYANTILAL PATEL,SELL,1341755,11.43,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,SATI SALES PVT LTD,SELL,2030000,12.17,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,SS CORPORATE SECURITIES LIMITED,SELL,769282,10.24,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,TRANSGLOBAL SECURITIES LTD.,SELL,3701599,10.81,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,UKS OIL (P) LIMITED,SELL,731097,12.25,-
30-JUL-2008,BIRLACOT,Birla Cotsyn (India) Limi,VICKY RAJESHBHAI JHAVERI,SELL,1374012,10.10,-
30-JUL-2008,CRISIL,CRISIL Limited,CALYON,SELL,122816,3605.00,-
30-JUL-2008,FIRSTWIN,First Winner Industries L,MLJ FOODS PVT LTD,SELL,91200,126.50,-
30-JUL-2008,FIRSTWIN,First Winner Industries L,SCB CORPORATION PROP SUNIL BAMCHA,SELL,223003,121.07,-
30-JUL-2008,FIRSTWIN,First Winner Industries L,TRANSGLOBAL SECURITIES LTD.,SELL,190627,119.02,-
30-JUL-2008,GODFRYPHLP,Godfrey Phillips Ltd.,CALYON,SELL,72556,1299.00,-
30-JUL-2008,GRANULES,Granules India Limited,GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD,SELL,324075,53.00,-
30-JUL-2008,ISPATIND,Ispat Industries Limited,JAYPEE CAPITAL SERVICES LTD.,SELL,6798535,25.81,-
30-JUL-2008,PIONEEREMB,Pioneer Embroideries Limi,GOPAL TRADERS,SELL,71826,44.77,-
No new gas connections
Faced with mounting losses, Indian Oil Corp, the nation's largest fuel retailer, has 'temporarily' stopped giving new domestic cooking gas (LPG) connections, a move that has led a wait list of over 2 lakh.
"We have not bought new cylinders for almost one year now due to cash crunch (and so) we do not have equipment to give new connections," IOC Chairman Sarthak Behuria told reporters here.
IOC loses Rs 338.53 on sale of every 14.2 kg LPG cylinder and its daily loss on sale of the domestic fuel is about Rs 33 crore.
"We do not have working capital to service new consumers. So temporarily we have stopped issuing new connections," Behuria said. "Consumers are welcome to enrol but we have not given new connections since April."
Behuria said the move has led to a wait list of over two lakh consumers. "These are difficult times. We are faced with huge working capital shortage."
IOC, which has 56 per cent of the over 9.8 crore LPG consumers in the country, is projected to lose Rs 1,21,015 crore on sale of petrol, diesel, domestic LPG and kerosene in the current fiscal as government has not allowed it to raise retail prices in line with rise in cost.
The company also also resorted other measures to shore up its working capital including asking dealers to pay for supplies in advance and stopping consumer credits.
"We are also trying to restrict diversion (of domestic LPG) for commercial use," Behuria said.
The subsidised domestic LPG cylinder often finds way to hotels and restaurants and industries and automobiles who are supposed to use market priced gas.
Post Session Commentary - July 30 2008
The domestic market rebounded from yesterday’s losses to close with heavy gains on sustained buying over the ground led by favorable global cues and drop in crude oil prices. Indian market opened higher following positive global cues as crude declined to three month lows. Crude oil prices dropped by $2.54 to close at $122.19 a barrel on the NYMEX. Further, market traded sharply higher without any sign of weakness for through out of trading session. The interest rate sensitive like Bank and Real Estate shares, who were the major laggards yesterday made a smart come back in today session to conclude the day with hefty gains. NSE Nifty gained around 3% and ended above 4,300 mark. BSE Sensex closed with gains of more than 3% and ended above 14,200 level. The sharp rise was due to the heavy buying activities over the counters across all indices except FMCG stocks. Out of which, Bank and Reality indices rallied to close with a gain of more than 5%. Along with this, the Metal, Capital Goods, Oil & Gas, IT and Power stocks also witnessed heavy buying from these baskets. The market breadth was strong as 1784 stocks closed in green while 857 stocks closed in red and 83 stocks remained unchanged.
The BSE Sensex closed higher by 495.67 points at 14,287.21 and NSE Nifty ended up by 127.35 points at 4,317.20. The BSE Mid Caps closed with gains of 92.43 points at 5,581.01 and Small Cap ended up by 96.59 points 6,927.60. The BSE Sensex touched intraday high of 14,322.67 and intraday low of 14,002.19.
Gainers from the BSE are HDFC (7.99%), Tata Steel (7.83%), Tata Power (6.92%), Reliance Infra (6.90%), HDFC Bank Ltd (6.18%), Reliance Infra (10.36%), Sterlite In (5.13%), SBI 4.97%), Tata Motors (4.91%) and Wipro Ltd (4.90%).
Among the Sensex 30 pack 28 stocks closes in green and only two closed in red. Losers from the BSE are NTPC Ltd (4.23%) followed by ITC Ltd (1.11%).
The Metal index closed up by 568.34 points at 12,698.70. Gainers are Jindal Steel (8.92%), Tata Steel (7.83%), Hindustan Zinc (6.77%), Sterlite In (5.13%), NMDC Ltd (5.00%), and Gujarat Nre C (3.81%).
The BSE Bank index closed higher by 323.02 points at 6,522.62. Major gainers are Axis Bank (9.60%), Bank of Baroda (9.24%), Union Bank (6.69%), HDFC Bank Ltd (6.18%), Bank of India (5.37%), PNB (4.97%), ICICI Bank Ltd (4.59%), and Yes Bank (4.52%).
The BSE Capital Goods index gained 307.77 points to close at 11,628.37. Major gainers are Punj Lloyd (11.88%), Reliance Industrial Infra (5.00%), Walchand Ind (5.00%), BHEL (4.83%), Crompton Greaves (4.45%) and Jyoti Struct (3.95%).
The Oil & Gas index ended up by 304.17 points at 9,607.74. As Reliance Natural Resources (11.15%), BPCL (6.03%), IOC (5.16%), Reliance (3.74%), Gail India (3.37%) and Cairn India (3.37%) closed in positive territory.
The BSE Reality index ended higher by 244.17 points at 5,041.88. As Indiabulls Real (13.48%), Anant Raj (6.98%), Ansal Infra (5.72%), DLF Ltd (3.98%), Akruti City (3.88%), Unitech Ltd (3.41%), and Pheonix Mill (2.95%) closed in positive territory.
The BSE FMCG index lost 3.06 points to close at 2,133.22. Major losers are REI agro Ltd (4.78%) and ITC Ltd (1.11%).
Sensex garners 496 points on strong global cues, fall in oil
Rally in global equities and fall in oil prices aided a rebound on the domestic bourses today. Bulls struck back with vengeance as the market recouped most of yesterday (29 July 2008)’s losses caused by further monetary tightening by the Reserve Bank of India. Sensex gained more than 525 points at the day's highs hit in late trade. The barometer index BSE Sensex breached 14,000 mark in early trade and the market remained firm throughout the day.
Reliance Industries (RIL) surged. Banking stocks bounced back from yesterday (29 July 2008)’s steep fall. Metal, IT and realty and power shares also gained. Except BSE FMCG index all the other sectoral indices on BSE gained. HDFC, Tata Steel rose more than 7.5% while Tata Power Company and Reliance Infrastructure rose more than close to 7% each. The market breadth was strong as buying was witnessed across the board.
New York's main contract, light sweet crude for September 2008 delivery slumped $2.54 to $122.19 a barrel on the New York Mercantile Exchange yesterday, 29 July 2008.
The 30-share BSE Sensex jumped 495.67 points or 3.59% at 14,287.21. The index gained 531.13 points at the day’s high of 14,322.67, hit in late trade. The index gained 210.65 at the day’s low of 14,002.19 at the onset of the trading session.
The broader based S&P CNX Nifty jumped 123.70 points or 2.95% at 4,313.55. Nifty July 2008 futures were at 4330, at a premium of 16.45 points as compared to spot closing of 4313.55.
The barometer index BSE Sensex is down 5,999.78 points or 29.57% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 6,919.56 points or 32.62% away from its all-time high of 21,206.77 struck on 10 January 2008.
The BSE clocked a turnover of Rs 5,273 crore today as compared to a turnover of Rs 5,103.03 crore yesterday, 29 July 2008. NSE's futures & options (F&O) segment turnover was Rs 58,543.91 crore, which was lower than Rs 64,804.21 crore on Tuesday, 29 July 2008. July 2008 derivatives contracts will expire tomorrow, 31 July 2008.
The BSE Mid-Cap index was rose 1.68% to 5,581.01 and the BSE Small-Cap index was up 1.41% to 6,927.08. Both these indices underperformed Sensex.
BSE Bankex (up 5.21% to 6,522.62), BSE Realty index (up 5.09% to 5,041.88), BSE Metal index (up 4.69% to 12,698.70), BSE IT index (up 3.72% to 3,722.09) outperformed Sensex.
BSE FMCG index (down 0.14% to 2,133.22), BSE Consumer Durables index (up 1.04% to 3,659.20), BSE HealthCare (up 1.81% to 4,207.91), BSE PSU index (up 2.49% to 6,676.91), BSE Capital Goods index (up 2.72% to 11,628.37), BSE Auto index (up 2.79% to 3,672.86), BSE Power index (up 3.25% to 2,554.22), BSE Oil & Gas (up 3.27% to 9,607.74), BSE Teck index (up 3.28% to 3,030.52) underperformed Sensex.
The market breadth was strong on BSE with 1,784 shares advancing as compared to 857 that declined. 83 remained unchanged.
As per the provisional figures on BSE, foreign institutional investors sold shares worth Rs 628.47 crore while domestic funds bought shares worth Rs 672.12 crore today, 30 July 2008.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rose 3.74% to Rs 2,163.20.
Bank stocks recovered from Tuesday's steep fall caused by further monetary tightening by the Reserve Bank of India at its quarterly policy review. HDFC Bank (up 6.18% to Rs 1,092.50), ICICI Bank (up 4.59% to Rs 635.30) and State Bank of India (up 4.97% to Rs 1,386.65) edged higher.
Realty stocks surged. Indiabulls Real Estate (up 13.48% to Rs 299.65), DLF (up 3.98% to Rs 490.70) and Unitech (up 3.41% to Rs 162.15) edged higher.
Metal stocks rose. Tata Steel (up 7.83% to Rs 630.05), Steel Authority of India (up 3.58% to Rs 136.05), Hindalco Industries (up 0.65% to Rs 140.15) and Sterlite Industries (up 5.13% to Rs 622.45) edged higher.
IT stocks gained. Satyam Computer Services (up 3.12% to Rs 380.20), Wipro (up 4.9% to Rs 422.45), Infosys (up 4.07% to Rs 1,602.60) and Tata Consultancy Services (up 3.76% to Rs 838.60) edged higher.
Power stocks rose. Tata Power Company (up 6.92% to Rs 1,115.50), Reliance Infrastructure (up 6.9% to Rs 970.80), Reliance Power (up 5.77% to Rs 163.05) edged higher.
HDFC (up 7.99% to Rs 2,273.95), Bharat Heavy Electricals (up 4.83% to Rs 1,668.95), Bharti Airtel (up 3.99% to Rs 809.95), were major gainers from Sensex pack.
India’s largest truckmaker by sales Tata Motors rose 4.91% to Rs 416.30. The company today reported 30.13% fall in net profit to Rs 326.11 crore on 17.88% rise in total income to Rs 7,244.05 crore in Q1 June 2008 over Q1 June 2007.
India’s largest tractor maker by sales Mahindra & Mahindra rose 2.66% to Rs 513.50. The company’s net profit fell 16.66% to Rs 159.3 crore on 25.99% rise in total income to Rs 3331.8 crore in Q1 June 2008 over Q1 June 2007. The company's board approved acquisition of all the business assets of Kinetic Motor Company (KMCL), a two-wheeler company for Rs 110 crore.
Power generation major NTPC fell 4.23% to Rs 170.90. On Tuesday, 29 July 2008, NTPC reported 27.1% fall in net to Rs 1726.53 crore on 5.87% growth in total income to Rs 10256.70 crore in Q1 June 2008 over Q1 June 2007.
India’s largest motorbike maker by sales Hero Honda Motor rose 6.27% to Rs 782.30. On Tuesday, the company reported 44% surge in profit after tax to Rs 272.87 crore on 16% growth in turnover to Rs 2890.25 crore.
Birla Cotsyn clocked the highest volume of 5.2 crore shares on BSE. Reliance Natural Resources (3.88 crore shares), IFCI (94.94 lakh shares), Ispat Industries (91.81 lakh shares), Reliance Petroleum (82.98 lakh shares) were the other volume toppers in that order.
Reliance Natural Resources clocked the highest turnover of Rs 374.84 crore on BSE. Reliance Capital (Rs 233.86 crore), Larsen & Toubro (Rs 178.11 crore), Reliance Industries (Rs 166.52 crore) and Housing Development Finance Corporation (Rs 145.42 crore) were the other turnover toppers in that order.
US stocks surged overnight, benefiting from a steep drop in oil prices and an unexpected rise in US consumer confidence after Merrill Lynch's announcement of yet another write-down and capital-raising exercise, raising hopes that the turning point in the year-long credit crisis was close. The Dow Jones Industrial Average rose 266.48 points, or 2.39 per cent, at 11,397.56, the Standard & Poor's 500 Index gained 28.82 points, or 2.33 per cent, at 1,263.19 and the Nasdaq Composite Index rose 55.40 points, or 2.45 per cent, at 2,319.62.
Asian markets were trading higher today, 30 July 2008. Japan's Nikkei, Hong Kong's Hang Seng, Taiwan's Taiwan Weighted, Singapore's Straits Times and South Korea's Seoul Composite were up by between 0.67% to 2.04%. China's Shanghai Composite fell 0.7%.
European markets edged higher. France’s CAC 40, Germany’s DAX and UK’s FTSE 100 were up by between 0.63% to 1.29%.
In the near term, the domestic bourses may remain volatile ahead of expiry of futures & options contracts for July 2008 series on Thursday, 31 July 2008. As per reports, marketwide rollover of positions from July 2008 series to August 2008 series stood at 44%, while that of Nifty was 48%, as of Tuesday 29 July 2008.
The market had slumped yesterday, 29 July 2008 after the Reserve Bank of India (RBI) raised cash reserve ratio (CRR) by 25 basis points and repo rate by 50 basis points at quarterly review of the monetary policy. The 30 share BSE Sensex plunged 557.57 points or 3.89% at 13,791.54 and the broader based S&P CNX Nifty was down 142.25 points or 3.28% at 4,189.85, on that day. The tone of the monetary policy was extremely hawkish.
Market likely to see strong opening
Strong global cues and a fall in crude oil prices below $122 per barrel may trigger a strong opening in early trade today, 30 July 2008. New York's main contract, light sweet crude for September delivery slumped $2.54 to $122.19 a barrel on the New York Mercantile Exchange yesterday, 29 July 2008.
In the near term, the market trend is likely to dictated by slew of events like expiry of futures & options contracts on Thursday, 31 July 2008. Besides, the progress of the monsoon and corporates quarterly numbers will also be keenly watched.
Among the frontline companies, Mahindra & Mahindra, Tata Motors, Suzlon Energy, Unitech and ITC will declare their June 2008 quarterly results.
Volatility may remain high ahead of the expiry of futures & options contracts for July 2008 series on Thursday, 31 July 2008. As per reports, marketwide rollover of positions from July 2008 series to August 2008 series stood at 44%, while that of Nifty was 48%, as of Tuesday 29 July 2008.
Asian markets were trading higher today, 30 July 2008. China's Shanghai Composite rose 0.55% or 15.72 points at 2,866.03, Japan's Nikkei gained 1.19% or 156.26 points at 13,315.71, Hong Kong's Hang Seng added 1.66% or 369.18 points at 22,627.18, Taiwan's Taiwan Weighted advanced 0.64% or 44.83 points at 7,059.30, Singapore's Straits Times was up 1.01% or 29.11 points at 2,915.67 and South Korea's Seoul Composite surged 0.65% or 10.20 points at 1,577.40
Wall Street shares surged overnight, benefiting from a steep drop in oil prices and an unexpected rise in US consumer confidence after Merrill Lynch's announcement of yet another write-down and capital-raising exercise raising hopes that the turning point in the yearlong credit crisis was close.
The Dow Jones Industrial Average rose 266.48 points, or 2.39 per cent, at 11,397.56, the Standard & Poor's 500 Index gained 28.82 points, or 2.33 per cent, at 1,263.19 and the Nasdaq Composite Index rose 55.40 points, or 2.45 per cent, at 2,319.62.
Back home, the key benchmark indices slumped sharply yesterday, 29 July 2008 after the Reserve Bank of India (RBI) raised cash reserve ratio (CRR) by 25 basis points and repo rate by 50 basis points at quarterly review of the monetary policy. The 30 share BSE Sensex plunged 557.57 points or 3.89% at 13,791.54 and the broader based S&P CNX Nifty was down 142.25 points or 3.28% at 4,189.85, on that day.
The barometer index BSE Sensex is down 6,495.45 points or 32.01% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 7,415.23 points or 34.96% away from its all-time high of 21,206.77 struck on 10 January 2008.
As per the provisional figures foreign institutional investors (FII)'s sold shares worth Rs 538.27 crore while domestic funds sold shares worth Rs 254.59 crore yesterday 29 July 2008.
Foreign institutional investors (FIIs) were net sellers of Rs 1939.47 crore in the futures & options segment on 28 July 2008. They were net sellers of index futures to the tune of Rs 1166.31 crore and bought index options worth Rs 81.46 crore. They were net sellers of stock futures to the tune of Rs 883.85 crore and purchased stock options worth Rs 29.22 crore.
The Reserve Bank of India (RBI) yesterday 29 July 2008, raised repo rate by 50 basis points to a seven-year high of 9% to curb inflation, now running close to 12%, and dampen inflationary expectations. The RBI also raised the cash reserve ratio (CRR), the proportion of funds that banks must keep on deposit with it, by 25 basis points to 9%. The central bank left its reverse repo and bank rates unchanged. The tone of the monetary policy was extremely hawkish.
Morning Call - July 30 2008
In House :
Nifty at a support at 4164 and 4075 with resistance at 4275 and 4330.
Cash: Buy RNRL above 89.50 target 94 with S/L 87.45
Cash: Buy CHAMBAL FERT above 71 target 76 with S/L 68.50
Future: Buy APTECH above 188 targets 200 with S/L 182.
Future: Buy TATA STEEL above 587 targets 605 with S/L 576.
Out House:
Markets at a support of 13786 & 13636 levels with resistance at 14041 & 14241 levels .
Buy : INFY & TCS
Buy : Adalbs & Relinfra
Buy : Sail & SesaGoa
Buy : Relcap
Buy : LNT
Buy : ITC & HLL
Buy : SBIN & IciciBank
Buy : Aftekinfo & IFCI
Buy : Core project
Dark Horse : Aftek , Wipro , Adalbs , SBIN , LNT , Core & INFY
Market expected to open positive
Positive close in US markets and firm Asian indices in morning trades may help the market open in the green. However, worries about FIIs remaining net sellers of equities in the domestic market and recent spike in crude oil prices could force the players to remain on the sidelines. The Nifty on the downside may dip to 4150 while on the upside it may test 4260. The Sensex has a likely support at 13600 and may face resistance at 14100.
US indices bounced back in a late session rally on Tuesday with the Dow Jones advanced by 266 points at 11398, the Nasdaq added 55 points to close at 2320.
Most of the Indian ADRs posted gains on the US bourses on Tueday. VSNL led the pack with the gains of 6.09%, while Satyam surged 6.09%. Tata Motors, Infosys. Wipro, ICICI Bank, Rediff, HDFC Bank and Patni Computer gained over 1-5% each. However, MTNL fell over 2.74% and Dr Reddy lost 2.06%.
Oil prices fell below $121 on Tuesday aafter OPEC president says there is adequate supply and prices are much too high. The Nymex light crude oil for September delivery slipped by $2.54 to close at $122.19 a barrel. In the commodity space, the Comex gold for December delivery tumbled $11.40 to settle at $926.40 an ounce.
Crude drops, bullion drop
Bullion metal prices dropped to its low levels in almost a month's time today, Tuesday, 29 July, 2008. Prices fell as the crude prices continue to tumble and the dollar index rose. Silver prices also fell for the day.
Comex Gold for August delivery fell $11.2 (1.2%) to close at $916.5 ounce on the New York Mercantile Exchange. It fell to a low of $913.8 during intra day trading. Yesterday, the yellow metal registered marginal gains of 90 cents. Last week, it ended lower by $30 (3.2%). On 17 March, 2008 prices had skyrocketed to a high of $1,034/ounce. But prices have dropped since then.
This year, gold prices have gained 9.6% till date against a 8.4% drop for the dollar against the euro. Gold prices ended June, 2008 with a gain of 4.1%. The yellow metal ended second quarter with a marginal gain of 0.7%. In May, it ended with a gain of higher by $22.5 (2.5%). Before May, for April, prices closed lower by 6.3%.
For first quarter prices gained 10.7%. In January, prices gained 11%, the highest monthly gain since April 2006. For February, it gained 6%. But in March, prices succumbed and fell by 5.5%.
On Monday, Comex silver futures for September delivery fell 9 cents (0.46%) to $17.375 an ounce. Silver has gained 18.2% in 2008 till date. For the second quarter, it had gained a paltry 1.4%.
Silver prices ended the month of May 2008 with a gain of 2.7%. For April, it closed lower by 5.5%. Silver had gained 16% in Q1. In January this year itself, prices climbed 14%. In February, it gained another 15%. For March, it ended lower by 13%. The metal had climbed 16% in FY 2007. The metal also has gained for seven straight years.
Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies. On the other hand, a lower dollar pushes up precious metal prices as their demand lessens as it becomes cheaper for traders holding other currencies.
At the currency markets on Tuesday, the greenback gained against most other major rivals, with the dollar index up at 73.266 against previous day's 72.694. Stocks rallied at Wall Street today after crude prices dropped by almost $3 and also as consumer confidence rose. The Conference Board reported Tuesday that U.S. consumer confidence ticked up in July, while the level remained relatively low and job concerns persisted. The July consumer confidence index rose to 51.9 from a June reading that was revised to 51 from a prior estimate of 50.4.
At the crude market on Tuesday, crude oil fell to the lowest in 12 weeks as the U.S. dollar strengthened to a one-month high against the euro and on signs gasoline demand may extend declines. Crude oil for September delivery fell $2.54 (2%) to $122.19 a barrel on the New York Mercantile Exchange. It fell as low as $120.42 today.
The weakening dollar and higher global demand for raw materials have led to records this year for commodities including gold. 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. Gold and oil has climbed 34% and 60% since the past one year.
During last week of June, Federal Reserve yesterday sharpened its focus on inflation, saying that the upside risks to inflation have increased. Fed held its target for short-term interest rates steady at 2%. Since last September, Fed has axed interest rates seven times and brought it down to 2%. On the other hand, after keeping interest rates unchanged at 4% since June, 2007, ECB hiked the same to 4.25% in June, 2008.
Gold had witnessed the greatest annual gain in twenty eight years by gaining $200/ounce (31%) in FY 2007 as lower interest rates had sent the dollar tumbling, and crude-oil prices rose to a record. In 2006, silver had jumped 46% while gold gained 23%.
At the MCX, gold prices for August delivery closed lower by Rs 158 (1.2%) at Rs 12,619 per 10 grams. Prices rose to a high of Rs 12,850 per 10 grams and fell to a low of Rs 12,599 per 10 grams during the day's trading.
At the MCX, silver prices for September delivery closed Rs 219 (0.9%) lower at Rs 24,308/Kg. Prices opened at Rs 24,550/kg and fell to a low of Rs 24,080/Kg during the day's trading.
Turnover spurts ahead of expiry of July 2008 contracts
L&T July 2008 futures at premium
Nifty July 2008 futures were at 4194, at a premium of 4.15 points as compared to spot closing of 4189.85. NSE's futures & options (F&O) segment turnover was Rs 64,804.21 crore, which was higher than Rs 45,000.90 crore on Monday, 28 July 2008. July 2008 derivatives contracts will expire on Thursday, 31 July 2008.
Larsen & Toubro (L&T) July 2008 futures were at premium at 2548.50 compared to the spot closing of 2546.65.
State Bank of India July 2008 futures were at discount at 1310 compared to the spot closing of 1318.65.
Reliance Petroleum July 2008 futures were near spot price at 159.60 compared to the spot closing of 159.45.
In the cash market, the S&P CNX Nifty lost 142.25 points or 3.28% at 4189.85.
Today's Pick - IDFC
We recommend a ‘sell’ in Infrastructure Development Finance Company (IDFC) from a short-term perspective. It is evident from the charts of IDFC that the stock has been on an intermediate-term downtrend from its January 2008 peak of Rs 235, forming lower peaks and lower troughs.
In May, the stock declined below the 200 and 50-day moving averages. The downtrend has continued and the stock conclusively breached the key support level Rs 110 recently. On July 29, the stock tumbled almost 9 per cent, reinforcing the downtrend. With this, the daily relative strength index (RSI) has entered the bearish zone from the neutral region and the weekly RSI is featuring in this zone. The moving average convergence and divergence is featuring in the negative territory. The stock is trading well below its 21 and 50-day moving averages.
Considering that the medium-term down trendline is intact, we are bearish on the stock in the short-term. We expect the stock’s decline to continue until it hits our price target of Rs 78 in the forthcoming trading sessions. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 94.
via BL
Trading Calls - July 30 2008
Nifty (4190) Sup 4140 Res 4270
Buy BPCL (311) SL 305
Target 320, 324
Buy Sesa Goa (3234) SL 3209 Target 3285, 3295
Buy RIL (2083) SL 2065
Target 2125, 2135
Buy Kotak Bank (524) SL 518 Target 535, 539
Sell HCL Tech (199) SL 203 Target 189, 186
Bounce at start, no stability
Better to be approximately right than precisely wrong – Dr. Reddy, RBI Governor.
We were approximately right on the surprise part but precisely wrong on the positive part. We had mentioned that the RBI Governor has a knack of surprising the markets. He did it again by jacking up repo rate by an unexpected 50 bps and raising the CRR by another 25 bps. We were hoping for a positive surprise, but what we got instead was an extremely hawkish quarterly review. In a meet soon after the policy which we attended, the RBI governor said he would like to reduce excess volatility but that need not mean stability. The markets and pundits were stunned as nobody was prepared for this negative surprise.
The bulls must be cursing their luck, for just when things were beginning to look up after a prolonged period of bearishness comes the big blow from the RBI. The central bank has also scaled back its expectations of economic growth, to 8% from 8.5%. This is still quite good considering the slew of headwinds (local as well as global) that we are grappling with. Whether we actually achieve this or not is a big question. The RBI wants to bring down inflation to 7% before the fiscal end. This is also much higher from its medium-term target of 5%. Given the spiraling cost pressures, the central bank will be fortunate if it meets its annual GDP and inflation targets. A good monsoon and a steep fall in crude oil prices (below $100/bbl) will surely help.
Talking of oil prices, crude futures in New York fell to a three-month low amid strengthening dollar, stable geopolitical situation and slowing fuel demand. What could also help the bulls recover is that US stock indexes ended at or near the day's highs after data showed a better-than-forecast rise in consumer confidence and crude oil fell by nearly $4 per barrel. European markets rose after a weak start while stock benchmarks also rallied in emerging markets like Brazil. Stocks in Russia sank due to lower oil prices. Asian markets have also opened higher, led by Hang Seng which is up by 1.8%.
So, we are looking at a higher opening on local bourses after yesterday's credit policy led sell-off. The rebound may not be very sustainable, as the latest increase in interest rates could worsen the macroeconomic scenario. Rates will go up across the board. India Inc will continue to feel the pinch from rising borrowing costs and slowing consumer demand for the next few quarters. Expectations on corporate earnings growth will have to be scaled down. The market may turn volatile after a good start ahead of tomorrow's F&O expiry.
FIIs were net sellers of Rs5.38bn (provisional) in the cash segment on Tuesday and the local funds offloaded shares worth Rs2.55bn. In the F&O segment, the foreign funds were net sellers of Rs14.57bn. On Monday, FIIs were net sellers of Rs6.09bn in the cash segment. Mutual Funds were net buyers of Rs2.04bn.
Key Results Today: ABG Shipyard, Allied Digital, Alok Industries, Ansal Infra, Asahi India, Asian Hotels, Avaya Global, Balmer Lawrie, Bata India, BGR Energy, Bongaigaon Refinery, CESC, DCB, Dishman Pharma, Everest Kanto, Geometric Software, Great Offshore, Gujarat Alkalies, GMDC, GNFC, Gujarat Gas, HCL Tech, ITC, Indiabulls Realty, India Cement, IVR Prime, IVRCL Infra, J&K Bank, Lanco Infra, Madras Cement, Maharashtra Seamless, M&M, Merck, Orchid Chem, Power Grid Corp., PNB, Puravankara, Pyramid Saimira, Radico Khaitan, Reliance Capital, SpiceJet, SREI Infra, Suzlon, Tata Chemicals, Tata Comm, Tata Motors, Torrent Power, Trent, Triveni Engineering, Unitech, Unity Infra, Usha Martin, Vishal Retail and Yes Bank.
Asian stocks rose after better-than- expected earnings from Matsushita Electric and oil prices at a 12-week low eased concern that slowing global growth will hurt earnings. The MSCI Asia Pacific Index gained 1.1% to 131.56 as of 10:57 a.m. in Tokyo. Five stocks rose for each that declined, with nine of the index's 10 industry groups advancing.
The Nikkei in Tokyo was up 1.2% at 13,315 while the Hang Seng in Hong Kong climbed nearly 2% to 22,688. The Kospi in Seoul gained 0.7% to 1578 while the Straits Times in Singapore rose 1.1% to 2917.
The Shanghai Composite index in China added 0.3% to 2857 and the Taiex in Taiwan rallied 1.1% to 7093. Australia's S&P/ASX 200 index in Sydney surged by over 2% to 4952.
Strong financial reports, rising consumer confidence and falling oil prices lifted US stocks on Tuesday. All the major indices advanced steadily throughout the day as consumer confidence got a surprise boost in July.
The US market opened with a gap after Merrill Lynch said it would take a $5.7bn writedown and sell off $11.1bn in mortgage securities in the current quarter. The brokerage also said it plans to raise $8.5bn through fresh share sale.
One will have to see if Wall Street can continue to rally on Wednesday, as investors will get a glimpse at the monthly ADP employment report ahead of Friday's US Labor Department report.
Crude oil prices fell $2.54 to end at $122.19 per barrel, the lowest settlement since May 6. Oil plummeted after OPEC President Chakib Khelil said oil was overpriced and could sink to $78 a barrel. Oil is down $25 a barrel since setting a record high of $147.27 on July 11.
But, some analysts say falling oil prices could also mean that the global economy is weakening.
Financials rallied, as investors hoped banks are positioning themselves to get out of the mess that they got into in the wake of the sub-prime mortgage meltdown and the consequent credit crunch.
Shares of Merrill Lynch rose 8%, but most other banks' stocks advanced by even more. Other investment banks fared well, too, with Goldman Sachs rising 5.1%, Morgan Stanley adding 4.4% and Lehman Brothers posting a 10.5% gain.
Government-backed mortgage finance giants Fannie Mae and Freddie Mac also rebounded after sharp losses Monday.
Citigroup also managed a 5.9% gain, even after Deutsche Bank analyst Mike Mayo forecasted that the bank will take an added $8bn in writedowns related to its collateralized debt obligations in its third quarter.
The average price of gasoline fell 1.7 cents to $3.941 per gallon in the US, declining for the 12th straight day. It was gasoline's lowest level since May 29.
In currency trading, the US dollar spiked against global currencies, jumping to a one-month high Tuesday versus the euro. COMEX gold for August delivery fell $11.20 to settle at $916.50 per ounce, after fluctuating above and below the breakeven point for much of the day.
Treasury prices fell, sending the yield on the benchmark 10-year note up to 4.05% from 4.01% late on Monday.
European stocks ended higher, erasing earlier losses. The pan-European Dow Jones Stoxx 600 index finished 0.3% higher, up 0.91 points, to 279.64. Germany's DAX 30 rose 0.8%, or 47.65 points, to 6,398.80, while the French CAC 40 ended the day down 0.1%, or 3.96 points, at 4,320.49. The UK's FTSE 100 shook off early losses to end just barely higher at 5,319.20, up 0.1%.
In the emerging markets, the Bovespa in Brazil jumped 2.06% to 58,042 while the IPC index in Mexico was up 2.2% at 27,318. The RTS index in Russia dived 1.7% to 1896 and the ISE National-30 index in Turkey surged 3.3% to 48,537.
It was a terrible Tuesday for the Indian markets as benchmark Sensex plunged over 550 points. Key indices which opened with a negative gap, further lost ground soon after the Reserve Bank of India announced that it had hiked the interest rates for the third time in two months as policymakers try to contain inflation, keeping it as high priority.
The RBI increased the benchmark repurchase rate by 50bps to 9% from 8.5% and also raised the cash reserve ratio by 25bps to 9% from 8.75%.
The banking and the realty stocks were badly beaten up with stocks like Axis Bank, ICICI Bank and realty majors DLF and Unitech slipping the most.
Among the 30-components of Sensex, 26 stocks were in red and only 4 stocks were in green. Reliance Industries, ICICI Bank, L&T and HDFC Bank were among the major laggards. On the other hand, Hindustan Unilever, Sterlite Industries, TCS and Infosys were among the major gainers.
Finally, the benchmark Sensex plunged 557 points to close at 13,791 and Nifty lost 142 points to close at 4,189.
HCC has slipped by 1% to Rs91. The company announced that, HCC-SEW-MEIL JV i.e. Hindustan Construction Co. Ltd (HCC), SEW Infrastructure Ltd and Megha Engineering & Infrastructure Ltd) (MEIL) secured a contract worth Rs6.39bn for construction of Barrage of around 3.5 km with Head Regulator across River Pranahita (PCLIS - Package-III) near Tummidi Hetti Village in Adilabad District of Andhra Pradesh, from Government of Andhra Pradesh, Irrigation and CAD Department. The scrip touched an intra-day high of Rs94 and a low of Rs89 and recorded volumes of over 7,00,000 shares on NSE.
Gail India slipped by 1.5% to Rs362. The company announced its Q1 results with a net profit of Rs8,968.7mn (up 31%) for the quarter ended June 30, 2008 as compared to Rs6,852.2mn. Total Income increased by 35% to Rs58,454.8mn for the quarter ended June 30, 2008 from Rs43,369.5mn for the quarter ended June 30, 2007
The scrip touched an intra-day high of Rs377 and a low of Rs355 and recorded volumes of over 4,00,000 shares on NSE.
Praj Industries sharply slipped by over 7% to Rs186 after the company announced that its Q1 net profit slipped 12% to Rs247.5mn for the quarter ended June 30, 2008 as compared to Rs283.5mn. Total Income increased by 10% to Rs1,567.9mn for the quarter ended June 30, 2008 from Rs1,412.3mn.
The scrip touched an intra-day high of Rs203 and a low of Rs184 and recorded volumes of over 1,00,000 shares on NSE.
Shares of Bharat Electronics declined by over 16% to Rs977 after the company’s Q1 net profit declined 90% to Rs25.1mn for the quarter ended June 30, 2008 as compared to Rs263mn. Total Income decreased from Rs4,731.6mn for the quarter ended June 30, 2007 to Rs4,450.8mn for the quarter ended June 30, 2008.
The scrip touched an intra-day high of Rs1165 and a low of Rs965 and recorded volumes of over 38,00,000 shares on NSE.
Essar Shipping was locked at 5% lower circuit to Rs113.75 after the company announced that it posted a net loss of Rs116mn for the quarter ended June 30, 2008 as compared to net profit of Rs711.5mn for the quarter ended June 30, 2007. However, total income increased from Rs2,176.1mn for the quarter ended June 30, 2007 to Rs3,416.5mn for the quarter ended June 30, 2008.
The scrip touched an intra-day high of Rs121 and a low of Rs113.75 and recorded volumes of over 41,000 shares on NSE.
Deccan Chronicle declined by over 5% to Rs111 after the company announced its Q1 results with net profit declining 27%. Net income declined to Rs609.8mn in the three months ended June 30 from Rs837.5mn a year earlier. The scrip touched an intra-day high of Rs118 and a low of Rs105 and recorded volumes of over 5,00,000 shares on NSE.
Shares of Ranbaxy sharply dropped by 3.5% to Rs474 after the company announced its Q2 net profit at Rs237.3mn (down 92%). However, revenues grew by 21.1% to Rs13.2bn. The scrip touched an intra-day high of Rs490 and a low of Rs468 and recorded volumes of over 11,00,000 shares on NSE.
Marksans Pharma surged by over 4% to Rs17.69 after the announced that it received Certificate of suitability for Metformin Hydrochloride drug substance from the European Directorate for the Quality of Medicines and Healthcare (EDQM).
With the grant of this certificate of Suitability for Metformin Hydrochloride drug substance by EDQM, the doors of European markets have opened for access for the Company's API business. The scrip touched an intra-day high of Rs17.81 and a low of Rs17.01 and recorded volumes of over 36,00,000 shares on NSE.
Government ends SBI’s monopoly in managing PF funds by allowing HSBC, ICICI Pru and Reliance Capital (BS)
L&T and Punj Lloyd join team to implement US$200bn Al Noor project (BL)
Nalco likely to shut down Orissa facility (BS)
IOC to set-up a maiden styrene butadiene rubber (SBR) project at Panipat with an investment of Rs7.61bn (FE)
Merck subsidiary plans to launch patented drugs (ET)
Tata Communications rolls out public telepresence service in collaboration with Indian Hotels, CII and Cisco Systems (ET)
ABB wins an order worth Rs4.55bn from Vedanta Aluminium (BS)
HCC JV bags order from Andhra Pradesh Government worth Rs6.39bn (BS)
TVS Motors is considering a plan to set-up a greenfield plant in China (BS)
Ashok Leyland is planning to replace its existing products with new ones by 2012-13 (BS)
Adani Group and Lanco wins Mahavitaran bids for purchasing 2,000 mw of power from independent power producers (BS)
MRPL may shelve plans to set-up a new refinery in Mangalore (BS)
Essar Steel is considering a bid for US-based United Coal Company (BS)
GCPL has decided to raise prices of soaps by 6-7% (DNA)
Educomp Solutions is setting-up centres to coach aspiring CAs through video conferencing (DNA)
Rolta acquires US-based WhittmanHart Consulting, a business intelligence consulting firm (ET)
NIIT join hands with SAS Institute to offer business intelligence technologies training to students and professionals globally (FE)
Moser Baer arm to raise US$50mn for expansion in the movie space (ET)
Balkrishna Industries is de-bottlenecking and expanding capacities at its Aurangabad plant (DNA)
Lakshmi Precision Screws is planning a facility at Uttarakhand by fiscal-end (DNA)
Economic Front Page
RBI raises repo rate by 50 bps and CRR by 25 bps (ET)
OPEC President, Chakib Khelil, says that crude oil prices could fall to around US$78/barrel (ET)
Government to introduce mobile number portability in metros by mid-2009 (ET)
Coal India may invite bids for re-opening 18 mines (BL)
Railway Minister expects profit to cross Rs1lakh crore in the next fiscal (FE)
India’s Gems and Jewellery exports are expected to grow by 15-20% in the current fiscal according to GJEPC (ET)
Engineering exports grow 24% yoy in the first quarter of FY09 to US$8.7bn (ET)
APDRP likely to miss the deadline yet again (ET)
Chennai Airport upgrade project gets clearance from PIB (BL)
BSE Bulk Deals to Watch - July 30 2008
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
29/7/2008 530135 AKANKSH FINV RITA RAJKUMAR SINGH. S 25200 10.44
29/7/2008 531683 ANKU DR PH MORGAN STANLEY MAURITIUS CO LTD B 50000 234.22
29/7/2008 590059 BIHAR TUBES APL INFRASTRUCTURE PRIVATE LIM B 476487 162.44
29/7/2008 590059 BIHAR TUBES SECUROCROP SECURITIES INDIA P S 460000 162.49
29/7/2008 532271 CYBERMAT INF BASMATI SECURITIES PVT LTD B 2122692 4.49
29/7/2008 532271 CYBERMAT INF S V ENTERPRISES B 574989 4.51
29/7/2008 532271 CYBERMAT INF S V ENTERPRISES S 574989 4.46
29/7/2008 517973 DMC INTER J A FINANCIAL AND MANAGEMENT CONSULTANTS PVT LTD B 28500 10.44
29/7/2008 532836 GREMAC INFRA SOPHIA GROWTH A CLASS OF SOMERSET INDIA FUND S 100000 88.00
29/7/2008 511682 IFL PRMOTER J A FINANCIAL AND MANAGEMENT CONSULTANTS PVT LTD B 16000 19.98
29/7/2008 532100 INDOCITY INF ANIL JAIN HUF B 70518 5.44
29/7/2008 532175 INFOTECH ENR COURAGE CAP MGT LLC SSIF B 463817 205.00
29/7/2008 532175 INFOTECH ENR CITIGROUP GLOBAL MARKETS MAURITIUS PVT LTD S 463817 205.00
29/7/2008 530885 JAISAL SECUR VENUGOPAL REDDY S B 25000 37.00
29/7/2008 530885 JAISAL SECUR CANOS TRADING PVT LTD. S 25000 37.00
29/7/2008 531802 PRERNA INFR VIJAY CHANDULAL SHAH S 39000 15.50
29/7/2008 532218 SOUTH INDIA COURAGE CAP MGT LLC SSIF B 629039 107.00
29/7/2008 532218 SOUTH INDIA CITIGROUP GLOBAL MARKETS MAURITIUS PVT LTD S 629039 107.00
29/7/2008 508976 SPANC TELESY KAPIL PURI B 100054 96.68
29/7/2008 532984 TYCHE PERIPH NANDINI PASARI B 200000 66.55
NSE Bulk Deals to Watch - July 30 2008
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
29-JUL-2008,ANSALINFRA,ANSAL PROPERTIES & IND LT,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,BUY,600072,89.97,-
29-JUL-2008,GSSAMERICA,GSS America Infotech Limi,MANISH VRAJLAL SARVAIYA,BUY,79431,265.25,-
29-JUL-2008,HIMACHLFUT,Himachal Fut Comm Ltd,ADROIT FINANCIAL SERVICES PVT LTD,BUY,2994491,18.47,-
29-JUL-2008,IFCI,IFCI Ltd.,AMBIT SECURITIES BROKING PVT. LTD.,BUY,4024305,42.81,-
29-JUL-2008,IFCI,IFCI Ltd.,CLEAN FINANCE & INVESTMENT LTD,BUY,6647150,42.95,-
29-JUL-2008,IFCI,IFCI Ltd.,GOLDMAN SACHS INVESTMENTS MAURITIUS I LTD,BUY,8030000,42.71,-
29-JUL-2008,POLARIS,Polaris Software Lab Ltd,P R B SECURITIES PRIVATE LTD,BUY,744939,100.56,-
29-JUL-2008,POLARIS,Polaris Software Lab Ltd,PRASHANT JAYANTILAL PATEL,BUY,506943,100.20,-
29-JUL-2008,SHREEASHTA,Shree Ashtavinayak Cine V,SARANG RAKESH WADHAWAN,BUY,55500,539.98,-
29-JUL-2008,GSSAMERICA,GSS America Infotech Limi,MANISH VRAJLAL SARVAIYA,SELL,79431,265.26,-
29-JUL-2008,HIMACHLFUT,Himachal Fut Comm Ltd,ADROIT FINANCIAL SERVICES PVT LTD,SELL,2930928,18.52,-
29-JUL-2008,IFCI,IFCI Ltd.,AMBIT SECURITIES BROKING PVT. LTD.,SELL,4250975,42.79,-
29-JUL-2008,IFCI,IFCI Ltd.,CLEAN FINANCE & INVESTMENT LTD,SELL,6653350,42.97,-
29-JUL-2008,KHAITANLTD,Khaitan (India) Ltd.,ARADHANA INVESTMENTS LTD.,SELL,30014,31.50,-
29-JUL-2008,POLARIS,Polaris Software Lab Ltd,P R B SECURITIES PRIVATE LTD,SELL,730939,100.72,-
29-JUL-2008,POLARIS,Polaris Software Lab Ltd,PRASHANT JAYANTILAL PATEL,SELL,506943,100.44,-
29-JUL-2008,SHREEASHTA,Shree Ashtavinayak Cine V,MAVI INVESTMENT FUND LTD.,SELL,55000,539.99,-
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