Tuesday, November 25, 2008
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
25/11/2008 533029 ALKALI OPG SECURITIES P LTD B 108773 186.37
25/11/2008 533029 ALKALI MANSUKH STOCK BROKERS LTD B 110439 188.30
25/11/2008 533029 ALKALI OPG SECURITIES P LTD S 108773 186.49
25/11/2008 533029 ALKALI MANSUKH STOCK BROKERS LTD S 110439 187.94
25/11/2008 530355 ASIAN OILFIE CONSOLIDATED SECURITES LTD B 138659 30.14
25/11/2008 530355 ASIAN OILFIE SUNDARAM BNP PARIBAS S 167382 30.07
25/11/2008 530355 ASIAN OILFIE SUNDARAM BNP PARIBAS S 160747 30.07
25/11/2008 500084 CESC LTD SUNDARAM BNP PARIBAS ENERGY OPP.FUND B 952728 171.00
25/11/2008 500084 CESC LTD TREE LINE ADVISORS HONG KONG LTD. ACCOUNT S 2034484 171.23
25/11/2008 500144 FINOLEX CABL J M MUTUAL FUND AC JM BASIC FUND S 1093590 20.04
25/11/2008 522195 FRONTIER SPR CAMEL FOODS PVT LTD B 30000 16.80
25/11/2008 522195 FRONTIER SPR GEOMETRIS SEC AND ADVISORY P LTD S 30000 16.80
25/11/2008 531739 GENNEX LAB GOVINDJI GUPTA B 74528 19.84
25/11/2008 517372 GUJ.INTRUX CAMEL FOODS PVT LTD B 17624 15.00
25/11/2008 532717 INDOTECHTR NOTZ STUCKI ET CIE S A AC ARUNA FUND S 86943 240.24
25/11/2008 500165 KANSAI NERO BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED B 442000 350.00
25/11/2008 500165 KANSAI NERO ARISAIG INDIA FUND LIMITED S 442373 350.00
25/11/2008 500265 MAHARASH SEA NOTZ STUCKI ET CIE S A AC ARUNA FUND S 486997 130.27
25/11/2008 532469 MATHER PUMPS SELF ACCOUNT B 160000 243.93
25/11/2008 532469 MATHER PUMPS INDIA DIVERSIFIED MAU LTD B 112618 243.83
25/11/2008 532884 REFEX REFRIG PR VYAPAAR PRIVATE LIMITED S 243788 21.29
25/11/2008 530461 SABOO SOD CH BDS SHARE BROKERS PVT LTD B 67785 9.58
25/11/2008 530461 SABOO SOD CH SPJ STOCK B 196389 8.98
25/11/2008 530461 SABOO SOD CH PRABHUDAS LILLADHER PVT. LTD. B 42713 8.68
25/11/2008 530461 SABOO SOD CH HARDIK M. MITHANI B 87499 1.04
25/11/2008 530461 SABOO SOD CH BDS SHARE BROKERS PVT LTD S 50035 10.34
25/11/2008 530461 SABOO SOD CH SPJ STOCK S 228389 8.88
25/11/2008 530461 SABOO SOD CH HARDIK M. MITHANI S 209599 8.51
25/11/2008 530461 SABOO SOD CH CHANDUBHAI SUMABHAI PATEL S 49900 8.44
25/11/2008 531898 SANGUINE MD DWARKESH RESTAURANT PVT LTD B 78000 6.89
25/11/2008 531898 SANGUINE MD COMFORT INTECH LIMITED S 111000 6.94
25/11/2008 523710 SAYAJ HOTELS SANA YUSUF DHANANI B 105631 45.99
25/11/2008 523756 SREI INFRA MORGAN STANLEY MAURITIUS COMPANY LIMITED S 880995 44.75
25/11/2008 532765 USHER AGRO R U RAMCHANDANI B 164000 121.97
25/11/2008 532765 USHER AGRO SUPER VELOURS PVT LTD S 100148 121.9
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
25-NOV-2008,ALKALI,Alkali Metals Limited,MANSUKH SECURITIES & FINANCE LTD,BUY,89692,188.46,-
25-NOV-2008,ALKALI,Alkali Metals Limited,MBL & COMPANY LTD.,BUY,54664,189.33,-
25-NOV-2008,CHI,CHI Investments Limited,SRINIVASAN K,BUY,70010,11.06,-
25-NOV-2008,EDUCOMP,Educomp Solutions Limited,FEDERATED GLOBAL INVESTMENT MGMT CORP,BUY,142600,1976.94,-
25-NOV-2008,IBREALEST,Indiabulls Real Estate Li,MACQUARIE BANK LIMITED,BUY,1530000,93.19,-
25-NOV-2008,INDIABULLS,Indiabulls Financial Serv,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,BUY,1657995,95.25,-
25-NOV-2008,KPRMILL,K.P.R. Mill Limited,K P R SUGAR MILLS P LTD,BUY,225000,43.28,-
25-NOV-2008,TAKE,Take Solutions Limited,SRINGARAVALLI CONSULTANTS PVT LTD,BUY,600000,18.00,-
25-NOV-2008,TRIVENI,Triveni Engineering & Ind,NALANDA INDIA FUND LIMITED,BUY,14249284,35.90,-
25-NOV-2008,ALKALI,Alkali Metals Limited,MANSUKH SECURITIES & FINANCE LTD,SELL,89692,189.23,-
25-NOV-2008,ALKALI,Alkali Metals Limited,MBL & COMPANY LTD.,SELL,54664,189.58,-
25-NOV-2008,CHI,CHI Investments Limited,MERRILL LYNCH CAPITAL MARKETS ESPANA S.A. SVB,SELL,72957,11.04,-
25-NOV-2008,CHI,CHI Investments Limited,SRINIVASAN K,SELL,10010,10.49,-
25-NOV-2008,IBREALEST,Indiabulls Real Estate Li,STICHTING PENSIOENFONDS ABP,SELL,1306079,86.48,-
25-NOV-2008,IBREALEST,Indiabulls Real Estate Li,VANGUARD EMERGING MARKETS STOCK INDEX FUND A SERIES OF VANGU,SELL,1650770,93.97,-
25-NOV-2008,INDOTECH,Indo Tech Transformers Li,ARUNA FUND LTD SUB A/C. OF NOTZ STUCKI ET CIE S A,SELL,66500,239.23,-
25-NOV-2008,TAKE,Take Solutions Limited,ABN AMRO BANK NV LINDON BRANCH,SELL,600000,18.00,-
25-NOV-2008,TRIVENI,Triveni Engineering & Ind,CLSA (MAURITIUS) LIMITED,SELL,14249284,35.90,-
The domestic market ended the day in red terrain after paring early gains due to the profit booking across the selective counters. Weak European markets weighted on the sentiments on concerns about recession in major global economies. The market today opened higher on the back of positive cues from the markets all over the world. The US government is taking $20 billion stake in the Citi group, along with a huge back up of $ 306 billion of Citi group assets. Further the US president Barrac Obama is planning to come out with another bail out package of $ 700 billion so as to support the US economy and also create 2.5 million new jobs in another 2 years of time. Further benchmark indices continued to trade in positive but pared their early increase as fear continues to hinder the investor’s sentiment. Finally market trimmed all gains and dropped sharply lower due to weak European indices and US futures. NSE Nifty ended below 2,700 mark and BSE Sensex below 8,700 level. From the sectoral front, Oil & Gas, Reality, Capital Goods, Bank, Teck and Metal stocks contributed to most of the selling pressure. Midcap and Small cap stocks also tracked the same trend. However, Consumer Durable stocks were in limelight as witnessed most of the buying pressure from its basket.
Among the Sensex pack 23 stocks ended in red territory and 7 in green. The market breadth was negative as 1442 stocks closed in red while 995 stocks closed in green and 87 stocks remained unchanged.
The BSE Sensex closed lower by 207.59 points at 8,695.53 and NSE Nifty ended down by 54.25 points at 2,654. The BSE Mid Caps and Small Caps closed with losses of 29.70 points and 30.54 points at 2,872.59 and 3,333.42 respectively. The BSE Sensex touched intraday high of 9,182.80 and intraday low of 8,649.40.
Losers from the BSE Sensex pack are M&M Ltd (7.63%), State Bank of India (6.55%), Reliance (6.40%), Reliance Communication Ltd (4.98%), Ranbaxy Lab (4.70%), Sterlite Industries (4.64%), JP Associates (4.18%), TCS Ltd (3.35%), Tata Steel (3.33%), L&T Ltd (2.98%), Wipro Ltd (2.08%) and ITC Ltd (2.04%).
Gainers from the BSE Sensex pack are Satyam Computer (1.85%), Tata Motors (1.80%), ONGC Ltd (0.97%), Maruti Suzuki (0.95%), HDFC Bank (0.43%), NTPC (0.29%) and HUL (0.02%).
The BSE Oil & Gas index dropped by (3.86%) or 217.30 points to close at 5,409.37. Losers are Aban Offshore (6.85%), Reliance (6.40%), Reliance Petroleum (3.41%), Reliance Natural Resources (3.39%), HPCL (2.67%) and Gail India (2.16%).
The BSE Capital Goods index ended lower by (2.56%) or 168.04 points at 6,386.68 as Suzlon Energy (9.49%), BEML Ltd (9.22%), Thermax Ltd (7.15%), Havells India (6.70%), Punj Lloyd (5.22%) and Usha Martin (5.01%) ended in negative territory.
The BSE Reality index ended down by (2.51%) or 39.81 points at 1,543.91. Major losers are Indiabull Real (9.51%), Pheonox Mill (7.59%), Orbit Co (7.50%), Housing Dev (6.68%), Penland Ltd (2.99%) and Ansal Infra (2.61%).
The BSE Bank index lost (2.01%) or 89.68 points to close at 4,365. Major losers are State Bank of India (6.55%), Bank of Baroda (4.98%), Axis Bank (3.94%), Bank of India (1.64%), Karnataka Bank (1.37%) and Indus Ind Bank (1.17%).
The BSE Teck index dropped by (1.55%) or 30.05 points to close at 1,912.38. Losers are Deccan Ch (10.16%), Tanla (7.48%), HCL Tech (7.40%), Reliance Communication Ltd (4.98%), Idea Cell (4.13%) and Adlabs Films (3.74%).
The BSE Consumer Durables index gained (1.38%) or 24.09 points to close at 1,775.09. Gainers are Titan Ind (3.38%) and Blue Star L (2.87%).
After rallying for the past couple of sessions the 30-stock Sensex of the BSE lost 208 points on sustained selling in heavyweights, oil, capital goods and realty stocks. The market started the day on a positive note at 9,161 and touched the day's high of 9,183, but remained range-bound as trading progressed. After slipping below 9,000 level in noon trades, the Sensex plunged deep into the red towards the close on unabated selling in oil, capital goods and realty stocks, touching the day's low of 8,649. The Sensex signed off the day with a loss of 2.33% or 208 points at 8,696. Nifty tumbled 54 points to close at 2,654.
Market breadth was extremely weak. Of the 2,524 stocks traded on the BSE, 1,442 stocks declined, 995 stocks advanced and 87 stocks ended unchanged. All the sectoral indices were bashed bar the BSE CD. BSE Oil & Gas led the slump falling by 3.86% for the session. BSE CG was down 2.56%, BSE Realty lost 2.51% and BSE Bankex dropped 2.01%. The remaining sectoral indices slipped by around 1-2% each.
Of the 30 Sensex stocks, 23 ended in the red, with oil and capital goods stocks taking a strong beating. Among oil stocks, Aban Offshore plummeted by 6.85% at Rs707.65 and Reliance Industries Ltd (RIL) crashed by 6.40% at Rs1,071.70. Capital goods major, Suzlon Energy slumped 9.49% at Rs42.45 and BEML lost nearly 9% at Rs290. Index heavyweight Mahindra & Mahindra plunged 7.63% at Rs276.65, State Bank of India (SBI) shed 6.55% at Rs1,071.70, Reliance Communications declined by 4.98% at Rs195.55, Ranbaxy Laboratories slipped by 4.70% at Rs203.60 and Sterlite Industries fell by 4.64% at Rs204.65.
Over 2.19 crore shares of GVK Power & Infrastructure changed hands on the BSE followed by Suzlon Energy (1.22 crore shares), Unitech (1.11 crore shares), Reliance Natural Resources (64.82 lakh shares) and Sesa Goa (63.23 lakh shares).
RIL registered a turnover of Rs337 crore followed by SBI (Rs198 crore), Reliance Capital (Rs182 crore), Educomp Solutions (Rs143 crore) and Reliance Infrastructure (Rs132 crore).
In a complete reversal of trend, the market lost ground on concerns about sharply deteriorating major global economies. High volatility in some Asian markets spilled over to Indian bourses. The BSE 30-share Sensex lost 207.59 points or 2.33%, shedding 487.27 points from the day's high.
The market was volatile with volatility in some Asian markets causing volatility here. After an initial surge on the back rally in global stocks triggered by US government's rescue of Citigroup, the market came sharply off the higher level on concerns about India's fiscal deficit, on slightly lower US index futures and easing of Asian stocks from higher level. The market bounced back later as Asian shares firmed up again after they had pared gains from an initial surge, as the US rescue of Citigroup bolstered badly needed confidence in the broader banking sector.
Later Hong Kong's Hang Seng pared gains and Chinese stocks slipped into the red after the World Bank said China's growth could well slow to its weakest pace in almost two decades next year. China's Shanghai Composite slipped 0.44%. Hang Seng was up 3%. Key benchmark indices in Japan, Singapore, South Korea and Taiwan were up by between 1.36% and 5.22%. The BSE Sensex swung 533.40 points in the day between the day's high and low.
Data continues to confirm the weakness of the global economy. South Korea on Tuesday, 25 November 2008, said consumer confidence slumped to a four-month low in November 2008, while in Germany, corporate sentiment plunged to its lowest level in nearly 16 years this month.
In Europe, Britain's top share FTSE 100 rose 1% by midday on Tuesday, 25 November 2007, with gains in embattled financials outweighing a slide in resources as the world's top miner, BHP Billiton dropped its hostile bid for Rio Tinto.
But trading in US index futures indicated the Dow could fall 43 points at the opening bell.
Closer home, Finance Minister P Chidambaram on Monday, 24 November 2008, said India is likely to miss the revenue and fiscal deficit targets in the current financial year as the government wants to spend additional money to boost the aggregate demand in the economy which has shown signs of slowing down. Thus, he said, the Centre would have to go for additional borrowings this year to meet higher expenditure. Higher government borrowing will restrict a further fall in interest rates.
The RBI has aggressively cut rates over the past two months to support growth and cushion the economy against the spreading global turmoil. The repo rate, the main short-term lending rate has been cut by 150 basis points to 7.5% since October 2008 and the cash reserve ratio, the proportion of deposits that banks have to keep with the central bank, has been reduced by 350 basis points to 5.5%.
The BSE 30-share Sensex lost 207.59 points or 2.33%, to 8,695.53. At the day's low of 8,649.40, the Sensex lost 253.72. The Sensex opened 267.16 points higher at 9,170.28. At the day's high of 9,182.80, the Sensex gained 279.68 points in early trade.
The S&P CNX Nifty fell 54.25 points or 2% to 2654. Nifty November 2008 futures were at 2643.25, at a discount of 10.75 points as compared to the spot closing.
Turnover in NSE's futures & options (F&O) segment was Rs 44,612.44 crore, which was lower than Rs 46,218.94 crore on Monday, 24 November 2008.
The barometer index BSE Sensex is down 11,591.46 points or 57.13% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 12,511.24 points or 58.99% below its all-time high of 21,206.77 struck on 10 January 2008.
The BSE Mid-Cap index slipped 1.02% to 2,872.59 and the BSE Small-Cap index was down 0.91% at 3,333.42. Both these indices outperformed the Sensex.
Volatility may rise in the coming days ahead of the derivatives expiry for November 2008 series on Thursday, 27 November 2008. As per reports, rollover of Nifty positions from November 2008 to December 2008 series stood at 30%, as on Monday, 24 November 2008.
The market breadth, indicating the overall health of the market, was negative after strong star as small and mid-cap shares succumbed to selling pressure. On BSE, 1449 shares declined as compared with 1006 that advanced. 85 shares remained unchanged.
The total turnover on the BSE amounted to Rs 3159 crore as compared to Rs 3,206.82 crore on Monday, 24 November 2008.
The BSE FMCG index (down 0.40% to 1,900.84), the BSE Auto index (down 1.40% to 2,282.02), the BSE Consumer Durables index (up 1.38% to 1,775.99), the BSE HealthCare index (down 0.42% to 2,818.26), the BSE IT index (down 1.24% to 2,432.44), the BSE PSU index (down 0.93% to 4,554.34), the Bankex (down 2.01% to 4,365), the BSE Power index (down 1.09% to 1,601.74), the BSE Teck index (down 1.55% to 1,912.38), the BSE Metal index (down 1.06% to 4,264.17 ) outperformed the Sensex.
The BSE Oil & Gas index (down 3.86% to 5,409.37), the BSE Realty index (down 2.51% to 1,543.49), the BSE Capital Goods index (down 2.56% to 6,386.68), underperformed the Sensex.
Among the 30-member Sensex pack, 23 declined while the rest gained. Tata Motors (up 1.20% to Rs 135), Maruti Suzuki India (up 1.14% to Rs 536), and Hindustan Unilever (up 0.13% to Rs 236.25), edged higher from the Sensex pack.
Mahindra & Mahindra (down 7.51% to Rs 277), Sterlite Industries (down 6.57% to Rs 200.50), and Reliance Communications (down 5.44% to Rs 194.60), edged lower from the Sensex pack.
India's largest private sector company by market capitalization and oil refiner Reliance Industries (RIL) crashed 8.21% to Rs 1051 on high volumes of 29.95 lakh shares. The stock retreated sharply from day's high of Rs 1184.90 as concerns a global slowdown would hit demand for petrochemicals offset reports of fall in rig rentals. It was the top loser from the Sensex pack.
India's largest oil exploration firm Oil & Natural Gas Corporation (ONGC) was up marginally by 0.15% to Rs 680 after it struck oil at an oil block in Andhra Pradesh.
State run oil marketing companies were mixed after the oil minister, Murli Deora, today, 25 November 2008, said the government may cut fuel prices after 24 December 2008. HPCL (down 3.45% to Rs 235), BPCL (down 1.69% to Rs 331.15), slipped. However IOC rose 0.60% to Rs 409.
The government would be unable to cut prices before 24 December 2008 because of the Election Commission's code of conduct for ongoing assembly elections in a handful of states.
US crude oil fell 3% to $52.88 a barrel today, 25 November 2008 after rising more than 9% on Monday, 24 November 2008.
Most banking & financial shares slipped on worries that more global banks might be forced to seek government's help after US government's rescue of Citigroup. India's largest state-run bank by net profit State Bank of India plunged 7.52% to Rs 1061.
India's largest private sector bank by net profit ICICI Bank fell 0.78% to Rs 320.05 after hitting a high of Rs 342.
However India's largest private sector bank by net profit HDFC Bank rose 0.67% to Rs 837.15 following a 12.96% surge in its American depository receipt on 24 November 2008.
India's top mortgage lender by net profit Housing Development Finance Corporation (HDFC) slipped 1.50% to Rs 1353 despite reports several investors, including sovereign wealth funds, have expressed interest in buying Citigroup's stake. Citigroup is the single-largest shareholder in HDFC with a 11.74% stake.
India's top pharma company by sales Ranbaxy Laboratories by sales fell 5.83% to Rs 201.20 on reports the company's subsidiary Ranbaxy Fine Chemical's (RFCL) plans to acquire the US-based speciality chemicals maker Mallinckrodt Baker is facing delays because of valuation problems.
Other shares from the healthcare sector also fell. Dr Reddy's (down 2.49% to Rs 419), Sun Pharma (down 0.75% to Rs 1073), and Cipla (down 0.67% to Rs 186.40) slipped.
GlaxoSmithKline Pharma rose 1.66% to Rs 1170.50 after a block deal of 47,100 shares was executed on BSE at Rs 1175 a share. The block deal constituted 0.06% of the company's equity.
IT pivotals fell on concerns about the weakening US economy and on a stronger rupee. India's second largest software services exporter Infosys Technologies slipped 1.35% to Rs 1180. The stock retraced from day's high of Rs 1230
Wipro (down 1.01% to Rs 231.10), and TCS (down 3.78% to Rs 501), also edged lower.
India's fourth largest software services exporter Satyam Computer Services shot up 1.81% to Rs 233.75 on a 8.56% gain in its American depository receipt on Monday, 24 November 2008. It was the top gainer from the Sensex pack.
HCL Technologies slumped 8.24% to Rs 137 after its chief executive said margins will be squeezed by the acquisition of British software firm Axon.
The partially convertible rupee was at Rs 49.92/93 per dollar, 0.3% above Monday's close of Rs 50.09/10. A stronger rupee impacts operating margins of IT firms as they earn most of their revenues from exports with US as the major market.
Telecom companies slipped despite reports the much delayed spectrum allocation process is all set to be kicked off with the government likely to begin spectrum allocation in the next 10 days. India's top cellular services provider by marketcapitalisation Bharti Airtel fell 2.83% to Rs 618. India's top cellular services provider by marketcapitalisation Reliance Communication slumped 5.44% to Rs 194.60.
Tata Communications spurted 0.10% to Rs 397.45 after its American depository receipt galloped 27.41% on the New York Stock Exchange on 24 November 2008.
Capital goods shares dropped on worries a slowing economy would crimp orders. The country's largest power equipment maker by sales, Bharat Heavy Electricals, slipped 1.40% to Rs 1283 despite reports it is in talks with Japan-based Toshiba Corporation to set up a joint venture, which will enable it to offer turnkey services in the country and provide high-rated equipment for the domestic transmission sector.
India's top engineering and construction firm by sales, Larsen & Toubro (L&T), fell 3.51% to Rs 732.25, despite reports it has lined up investments of Rs 2,000 crore in its proposed forging plant at Hazira.
Consumer durable stocks rose on hopes falling interest rates will help revive demand. Titan (up 4.96% to Rs 896), and Blue Star Industries (up 2.87% to Rs 156), gained.
Reliance Industries topped the turnover chart on BSE with turnover of Rs 337 crore followed by State Bank of India (Rs 198 crore), Reliance Capital (Rs 182.70 crore), Educomp Solutions (Rs 143 crore) and Reliance Infrastructure (Rs 132.20 crore).
GVK Power Infrastructure led volumes chart on BSE clocking volumes of 2.20 crore shares followed by Suzlon Energy (1.23 crore shares), Unitech (1.12 crore shares), Reliance Natural Resources (64.80 lakh shares) and Sesa Goa (63.25 lakh shares).
Sandesh rose 19.83% to Rs 119.95 after the company's board scheduled a meet on 1 December 2008 to consider buyback of its equity shares. The company announced the board meet after trading hours on Monday, 24 November 2008.
Atlanta soared 4.92% to Rs 58.60 at 10:53 IST on BSE, on bagging an order worth Rs 146.48 crore from Gujarat Industrial Development Corporation for infrastructure works for Dahej special economic zone (SEZ) at Dahej, Gujarat.
Tata Chemicals fell 1.49% to Rs 138.45 on reports the company has put on hold expansion of its soda ash plant in Gujarat because of weak market conditions. Tata Chemicals had planned the expansion of its Mithapur soda ash plant in Gujarat to 1.2-million tons a year from 9,75,000 tons.
Dabur India jumped 6.96% to Rs 80.20 after the company acquired 72.15% stake in skin care products firm Fem Care Pharma for Rs 203.7 crore in an all cash deal. Shares of the latter rose 0.21% to Rs 688.95. Dabur had announced the acquisition after trading hours on Friday, 21 November 2008.
Key benchmark indices are likely to see a strong start following Citigroup's bailout plan and the US President-elect Barack Obama promising to take extraordinary policy responses to save the world's largest economy from a major financial crisis. Sentiment across the globe improved after the US government said it is prepared to lend more than $7.4 trillion on behalf of American taxpayers to rescue the financial system. The SGX November 2008 Nifty futures were up 120 points.
However volatility may rise in the coming days ahead of the derivatives expiry for November 2008 series on Thursday, 27 November 2008. As per reports, rollover of Nifty positions from November 2008 to December 2008 series stood at 30%, as on Monday, 24 November 2008.
Asian markets surged today, 25 November 2008, after the US rescue of Citigroup bolstered badly needed confidence in the broader banking sector. China's Shanghai Composite was up 0.51% or 9.65 points at 1,906.71, Hong Kong's Hang Seng surged 4.57% or 569.13 points at 13,027.07, Japan's Nikkei gained 4.24% or 335.29 points at 8,246.08, Singapore's Straits Times advanced 3.74% or 60.66 points at 1,680.95, South Korea's Seoul Composite rose 4.38% or 42.53 points at 1,012.67 and Taiwan's Taiwan Weighted added 3.71% or 154.25 points at 4,314.79.
US markets posted the biggest two- day rally since 1987 on Monday, 24 November 2008 after the US government's rescue plan for Citigroup. That includes a direct $20 billion investment and $306 billion in asset guarantees. The Dow Jones Industrial Average jumped 396.97 points, or 4.93%, to 8,443.39. The S&P 500 index rose 51.78 points, or 6.47%, to 851.81, and the Nasdaq Composite index surged 87.67 points, or 6.33%, to 1,472.02.
As part of the new economic team, Obama named New York Federal Reserve President Tim Geithner as US Treasury Secretary and former Treasury Secretary Larry Summers as chief of the National Economic Council. Both men, particularly Geithner, are considered aggressive in using government tools to handle economic problems.
Back home, the two key benchmark indices the BSE Sensex and the S&P CNX Nifty witnessed a divergent trend in highly choppy trade on Monday, 24 November 2008. The BSE 30-share Sensex was down 12.09 points or 0.14%, to 8,903.12 and the S&P CNX Nifty gained 14.80 points or 0.55% to 2708.25.
Foreign institutional investors (FIIs) were net sellers worth Rs 560.83 crore while mutual funds bought shares worth Rs 224.90 crore on Monday, 24 November 2008, according to provisional data on NSE.
US light crude for January 2009 delivery fell 56 cents to $53.94 a barrel after a rebound in equity markets, having rebounded sharply from the 3- year low of $48.25 it hit on Friday, 21 November 2008.
Today markets are likely to open positive as US markets have closed with phenomenal gains and major Asian markets have opened with positive gains. The investors would be little optimistic today as the major markets across the world are showing some strong positive movements. The positive sentiments are also backed by the US economic relief package announced by the US government. It is estimated that a total $ 7.7 trillion support has been planned to revamp the overall US economy. Such a major intervention by the US government will boost the economies across the world.
On Monday, domestic markets opened negative but later during the trading session it moved zigzag with extreme volatility. The domestic markets followed the trend of other Asian markets, which were also trading volatile. However the European markets traded positive on the back of speculations about the news that Britain’s labour government would slash the taxes to boost the consumer spending. After the volatile trading session the domestic markets ended mixed. Sensex ended with a loss of 0.14% whereas, Nifty closed with a marginal gain of 0.55% respectively. Realty, Bankex, CD, and Metal were thrashed by 3.78%, 3.14%, 2.33% and 1.55% respectively. During the trading session we expect the market to be trading in positive trend.
The BSE Sensex closed low by a marginal 12.09 points at 8,903.12 and NSE Nifty ended higher by 14.80 points at 2,708.25. The BSE Mid Caps and Small Caps closed with losses of 14.37 points at 2,902.29 and by 26.80 points at 3,363.96. The BSE Sensex touched intraday high of 9,042.02 and intraday low of 8,701.93.
On Monday, US markets closed with distinctive gains for the second consecutive trading day. The financial back given by US Federal Reserve has boosted the morale of investors to new highs. The US government is taking $20 billion stake in the Citi group, along with a huge back up of $ 306 billion of Citi group assets. Citi will absorb the first $29 billion in losses on the troubled assets and then 10% on any remaining losses, while the government will cover the remaining 90% in losses. Further the US president Barrac Obama is planning to come out with another bail out package of $ 700 billion so as to support the US economy and also create 2.5 million new jobs in another 2 years of time. Crude oil futures for the January delivery fell by 69 cents or 1.3% to $53.81 a barrel on New York Mercantile Exchange. Due to gain in the US stock markets and the government’s support for the financial sector, investors were optimistic the demand of crude oil.
The Dow Jones Industrial Average (DJIA) closed higher by 396.97 points at 8,443.39 NASDAQ index gained 87.67 points at 1,472.02 and the S&P 500 (SPX) also closed higher by 51.78 points to close at 851.81 points.
Indian ADRs ended positive with phenomenal gains. In technology sector, Infosys gained by 8.71% and Wipro ended high by 14.97% followed by Satyam that ended high by 8.56% and Patni Computers closing high by 4.60%. In banking sector ICICI Bank was high by 6.49%, while HDFC Bank gained 12.96%. In telecommunication sector, Tata Communication inclined by (27.41%), while MTNL inclined by 7.42%. Sterlite Industries was high by 3.85%.
Today the major stock markets in Asia opened mixed. The Shanghai Composite is trading low by 3.27 at 1,893.79 Hang Seng is high by 486.63 points at 12,944.57. Further Japan''s Nikkei is high by 259.59 points at 8,170.38. Straits Times is also trading high by 47.66 points at 1,667.95 and South Korea’s Seoul Composite is high by 25.05 points at 995.19.
The FIIs on Monday stood as net sellers in equity and net buyers in debt. The Gross equity purchased stood at Rs 1070.00 Crore and gross debt purchased stood at Rs 551.00 Crore, while the gross equity sold stood at Rs 1,584.00 Crore and gross debt sold stood at Rs 533.40 Crore. Therefore, the net investment of equity and debt reported were (Rs 514.10) Crore and Rs 17.60 Crore respectively.
On Monday, the partially convertible rupee ended at 50.09/10 per dollar, weaker by Rs 0.5 on Friday’s closing at 50.04/05. The volatile trading in the stock markets left the traders in confusion, however the dollar sales by exporters gave a support to the slipping rupee that touched the low at 50.25 in the day’s trading.
On BSE, total number of shares traded was 22.43 Crore and total turnover stood at Rs 3,206.82 Crore. On NSE, total volume of shares traded was 48.81 Crore and total turnover was Rs 8,505.62 Crore.
Top traded volumes on NSE Nifty – Unitech with 44124168 shares, Suzlon Energy with total volume traded 26557658 shares, followed by SAIL with 13245569 shares, ICICI Bank with 11080726 shares and Reliance Comm with 9439034 shares.
On NSE Future and Options, total number of contracts traded in index futures was 1317898 with a total turnover of Rs 16,732.61 crores. Along with this total number of contracts traded in stock futures were 1208462 with a total turnover of Rs 12,109.91 Crore. Total numbers of contracts for index options were 1220154 with a total turnover of Rs 16960.34 Crore and total numbers of contracts for stock options were 35424 and notional turnover was Rs 416.08 Crore.
Today, Nifty would have a support at 2,650 and resistance at 2,845 and BSE Sensex has support at 8,840 and resistance at 9,380.
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 2650 while on the upside it may test 2750. The Sensex has a likely support at 8775 and may face resistance at 9025.
US indices bounced back in a late session rally on Monday as Citigroup's massive rescue package and President-elect Obama's picks for his economic team pushed investors off the sidelines. While the Dow Jones advanced by 397 points at 8443, the Nasdaq added 88 points to close at 1472.
Indian floats, also, gained in US market and ended higher. VSNL was the major gainer and gained 27.41% followed by Wipro, HDFC Bank & Tata Motors where the gainers by over 10-14%, while Infosys, Satyam, ICICI Bank, MTNL & Patni Computer were up by 4-8% each. while Rediff & Dr Reddy was up by around 1% each.
Crude oil prices surged on Monday. The Nymex light crude oil for December delivery gained $4.57 to close at $54.50 a barrel. In the commodity space, the Comex gold for December series rose by $27.70 to settle at $819.50 a troy ounce.
Rescue plan for Citigroup gives market some respite
Stocks at Wall Street ended with good gains on Monday, 24 November, 2008 due to a rally fuelled by the financial sector. The rally was primarily fuelled by the news that Citigroup is getting rescue money from the government. The late and sudden rally that had started last Friday, 21 November still continued after Citigroup stock soared by 50% today after dropping more than 60% in the last week.
The Dow Jones Industrial Average closed up 396 points or 4.7% at 8,443, the Nasdaq gained 88 points or 5.9% to 1,492 and the S&P 500 surged 52 points or 6% to 851.
All the ten sectors ended in then green today led by the financial sector. The material and telecom sectors supported the market after the financials.
As per major news in Wall Street today, the Treasury will buy $20 billion in preferred stock yielding 8%, which follows the $25 billion investment in Citi. The Treasury, Fed and FDIC will provide guarantees for up to $306 billion of troubled assets in exchange for $7 billion in preferred stock and warrants for 254 million shares of common stock at a strike price of $10.61. Citi will absorb the first $29 billion in losses on the troubled assets and then 10% on any remaining losses.
Also, under the deal, Citi must get an executive compensation plan approved and must not pay a quarterly dividend larger than $0.01 without government consent.
Twenty nine out of thirty Dow stocks ended in the green today. Citigroup was the main Dow winner being followed by other financial stocks.
Among economic reports for the day, the National Association of Realtors reported today that existing-home sales fell in US in October, 2008 as the weak stock market and a poor U.S. economic backdrop caused buyers to pull back.
As per the report, resales of U.S. single-family homes and condominiums fell 3.1% in October to a seasonally adjusted annual rate of 4.98 million units.
The inventory of unsold homes on the market as tracked by the NAR fell 0.9% to 4.23 million, representing a 10.2-month supply at the current sales pace. Meanwhile, the median sales prices fell 11.3% in the past year to $183,300. This marked the lowest sales price since March 2004.
Among major earning reports for the day, Campbell Soup reported fiscal fourth quarter earnings that topped estimates, although revenue fell short of expectations. The stock declined by almost 8%.
On Monday, crude-oil futures for light sweet crude for January delivery closed at $54.5/barrel (higher by $4.51 or 9.2%) on the New York Mercantile Exchange. Earlier in the day, prices touched a high of $55.3. Prices reached a high of $147 on 11 July but have dropped almost 56% since then. Last week, prices fell by 13%. For this year in 2008, crude prices have dropped 46%.
Volume on the New York Stock Exchange topped 2 billion, with advancers overtaking decliners roughly 9 to 1. On the Nasdaq, 1.1 billion shares traded, and advancers beat decliners roughly 3 to 1.
For tomorrow, most investors will turn their attention to the preliminary third quarter GDP report which will hit the wires before market opens. The November Consumer Confidence Index and the September Home Price Index are both due later in the morning.
SGX Nifty currently trading 138.0 points higher at 2,842.0
December contracts at 2,825.0 and trading at +116.0 points
Expect a good jump today .. if DOW manages to pare its losses - currently trading 27 points in After Hours trading
ONGC strikes oil at Block IG at a water depth of 225 meters in well G-4-6, 15kms off Yanam coast in Andhra Pradesh. (FE)
BHEL is in talks with Japan based Toshiba Corporation to set up a JV. (FE)
Suzlon Energy is looking at selling part of its promoter’s stakes in its unlisted Indian units to raise money for buying Martifar’s stake in REpower. (ET)
L&T lines up an investment of Rs20bn for forgings foray. (DNA)
Tata Steel will continue with its Rs270bn plan to expand capacity at Jamshedpur and build a new plant in Orissa. (ET)
The 441mn pound bid by HCL Technologies for Axon Plc has been approved by Axon shareholders. (FE)
Tata Steel to push back capex plans and greenfield units at Jharkhand and Chattisgarh. (ET)
Areva plans to supply six European pressurized water reactors to India by 2020. (FE)
Sterlite Industries shuts down its 0.4mn tons smelter in Tuticorin due to failure of its cooling tower. (DNA)
Jindal Steel plans to maintain steel production and wont cut output. (DNA)
Mindtree is evaluating a bid to acquire Edison, New Jersey headquartered SAP services firm Seal Consulting in a deal estimated at ~US100mn. (ET)
Firstsource Solutions has cut its revenue guidance from 33%-38% growth in dollar terms to 21% for FY09. (ET)
Tata Chemicals’ US based subsidiary General Chemical Industrial Products has raised US$300mn. (ET)
Reliance ADAG forays into the online retail business which is pegged at Rs92.1bn for the year 2007-08. (FE)
Bajaj Electricals promoters have hiked their stake to 75% from 67% through an open offer. (ET)
Titan Industries plans to open 300 retail stores for its ‘Titan Eye’ in the next three years across the country. (ET)
KS Oils has acquired an edible oil refinery in Haldia port from Kolkata based Ambo Agro Products for a consideration of ~Rs1.25-1.5bn. (ET)
Adhunik Metaliks has decided not to cut down production. (ET)
The Government has asked Rashtriya Ispat Nigam Ltd to scout for iron ore mines and coal properties overseas for acquisition. (FE)
Monnet Ispat plans to buyback shares worth Rs70mn from the market at a price not exceeding Rs300 per share. (FE)
Tata Motors to shut down its Jamshedpur plant for five days from November 25 to avoid stock build-up. (FE)
KEC International emerges the lowest bidder for supply and installation of 500kV overhead power transmission line to Egyptian Electricity Transmission Co. (DNA)
Jaguar Land Rover has confirmed it is in talks with the Government for a 1bn pound loan. (ET)
Nuclear Power Corporation of India is planning to set up six nuclear power reactors with a total capacity of 3,160mw and take the number of reactors t o 12 during the ongoing Five Year Plan period of 2007-12. (ET)
US pumps in US$20bn in cash in Citigroup; guarantees another US$306bn. (ET)
Cambridge Technology decides not to proceed with allotment of warrants. (BL)
Petron Engineering bags order worth Rs670mn from Engineering India for mechanical works. (BL)
Alphageo India gets an order worth Rs440mn to provide seismic data to ONGC. (BL)
Omaxe sells 2.6mn shares of Sukhversa Properties Pvt Ltd thereby ceases to be subsidiary of the company. (BL)
IVRCL Infrastructure, water and power division has won five orders worth Rs5.29bn. (BL)
BHEL secures order worth Rs2.4bn for manufacturing and supplying transformers to Tata Power. (BL)
BHEL, BEL plans integrated Photovoltaic facility. (BL)
Stone India drops plans to acquire European company. (BL)
Essar Exploration and Production has won two offshore petroleum exploration blocks in the northern basins of Australia. (ET)
Emami plans to set up a manufacturing facility in Africa. (BL)
Tech Mahindra has set up a new office in Riyadh, Saudi Arabia for supporting the companies’ expansion plans. (BL)
Bajaj Group plans acquisitions to enter media space. (BL)
SBI enters into JV with IAG to enter the general insurance market. (BL)
Axis Bank set to enter the Mutual Fund business in next six to eight months. (BS)
HDFC raises Rs8bn via bonds. (BS)
IDFC to double its borrowing in the second half of this financial year to boost liquidity. (BS)
IOC has lowered the prices of branded diesel across the country. (BS)
Ranbaxy and Dr Reddy’s Lab to cut production as overseas buyers are hurt by credit crunch. (BS)
The Government wants RBI to give infrastructure status to SEZs. (ET)
Telecom operators added 10.42mn mobile users in October 2008, taking the total subscribers base to over 325mn. (ET)
Foreign subsidiaries of Indian finance companies may be barred from raising funds overseas by pledging collateral from their parent firms. (ET)
Tobacco exports may surge by ~40% in value terms in FY09 on the back of record prices. (FE)
The Government is open for amending the Central Sales Tax Act to make Aviation Turbine Fuel cheaper, says Finance Ministry. (BL)
The Government and SEBI soon to put up a simplified delisting framework for small companies. (BS)
I believe that banking institutions are more dangerous to our liberties than standing armies- Thomas Jefferson.
The bulls banked on the government and for a change they can deposit their worries somewhere. The US markets welcomed the current regime's rescue effort to rid banking giant Citigroup of its ills and avert a major worldwide catastrophe. For a second successive session, US stocks rallied, as president-in-waiting Barack Obama officially announced his economic team. The twin bit of good news had a soothing effect across global equity markets, with European stocks joining the bull party.Meanwhile, Finance minister P Chidambaram has asked the country to perish the thought of recession and cherish hopes of a rebound by the middle of next year.
After Monday's zig-zag action amid low volume and turnover, the market is ripe for a bounce, at least early on in the morning trades. As far as India is concerned, what is badly needed is a reversal in FII outflows and further improvement in macro-economic fundamentals. Talking of economics, weekly inflation data is due on Thursday and Q2 GDP figures on Friday. Till then, we expect the market to be volatile, with a slightly positive bias. With US markets closed on Thursday expect local operators to get active too.
Emerging markets too notched up pretty decent gains, with the Bovespa in Brazil surging over 9% and Russian stocks rising more than 7%. The global rally in equities also seemed to rub off on commodities, with crude oil climbing 9% and gold rallying hitting a five-week high. It remains to be seen though, whether the euphoria can be converted into a sustained year-end rally. For that to happen, we need an end to the almost daily dose of negative news from across the globe.
FIIs were net sellers of Rs5.6bn (provisional) in the cash segment on Monday while the local institutions pumped in Rs2.25bn. In the F&O segment, foreign funds were net sellers at Rs3.07bn. On Friday, FIIs were net sellers at Rs5.14bn in the cash segment. Mutual Funds net bought Indian shares worth Rs244mn.
Siemens, Balarampur Chini and Fedders Lloyd will announce their quarterly results today.
US stocks rallied for a second successive session on Monday, spurred by the announcement of a massive bailout plan for Citigroup and the unveiling of the crack economic team by president-elect Barack Obama.
The Dow Jones Industrial Average surged 397 points, or 4.9%, after having been up 552 points earlier in the afternoon. It ended at 8,443.39. The Standard & Poor's 500 index jumped 52 points or 6.4% to shut shop at 851.81 and the Nasdaq Composite index shot up 87 points or 6.3% to close at 1,472.02.
The US market had also rallied on Friday. The two-session gain of 891.10 points was the biggest two-session gain ever, according to Dow Jones. The percentage gain of 11.8% was the biggest two-session percentage gain since Oct. 1987.
The S&P 500 also saw its biggest two-session percentage gain since Oct. 1987, rising 13.2%. Its point gain was not significant statistically.
Obama held a press conference in the afternoon in which he formally nominated his economic team.
Naming New York Fed president Tim Geithner for Treasury Secretary and Harvard economist Lawrence Summers to run the National Economic Council, he urged his team to quickly develop recommendations for a recovery plan for "Wall Street and Main Street."
Over the weekend, Obama provided an outline of his recovery plan, including the creation of 2.5 million jobs over the next two years.
The financials led the bounce on the government's backstop for Citi. The $326bn plan to save the banking titan followed intense weekend negotiations that had the government backing as much as $306bn of the bank's troubled assets and taking charge of executive bonuses.
Citi shares surged 57.8% after losing more than 60% of its market capitalization last week.
Financials, telecom and consumer-discretionary shares fronted gains among all 10 of the S&P's industry groups.
Market breadth was positive. Volume on the New York Stock Exchange topped 2 billion, with advancers overtaking decliners roughly 9 to 1. On the Nasdaq, 1.1 billion shares traded, and advancers beat decliners roughly 3 to 1.
The US housing market continued to weaken, with sales of existing homes declining more than expected in October. The National Association of Realtors said sales fell to a 4.98 million unit annual pace in the month from a revised 5.14 million unit pace in September. Economists thought sales would decline to a 5.05 million unit rate.
US light crude oil for January delivery rose $4.57 to settle at $54.50 a barrel on the New York Mercantile Exchange.
The dollar fell versus the euro and gained against the yen. COMEX gold for January delivery rallied $27.80 to settle at $819.90 an ounce.
Gasoline prices continued to slump to 3-1/2 year lows, with gas down 2.1 cents to a national average of $1.908 a gallon. Gasoline prices have been dropping for over two months. In that time, prices have lost $1.95 a gallon, or over 50%.
Treasury prices plunged, raising the yield on the benchmark 10-year note to 3.34% from 3.19% on Friday. Last week, the 2-year, 10-year and 30-year government bonds all hit the lowest levels since the Federal Reserve started keeping records in 1962.
The yield on the 3-month Treasury bill slipped to 0.01% from 0.02% on Friday, not far from 68-year lows of zero. The 3-month - seen as the safest place to put money in the short term - last hit these levels in September as investor panic peaked.
The low yield means nervous investors would rather preserve their money despite no interest rather than risk the stock market.
Lending rates rose a bit. The 3-month Libor rate rose to 2.17% from 2.16% on Friday, while overnight Libor rose to 0.8% from 0.7% Friday. Libor is a key bank lending rate.
After the close, Hewlett-Packard reported better-than-expected sales and revenue and forecast upbeat fiscal 2009 profit, matching the company's pre-announcement from Nov. 18.
Tuesday brings the release of the third-quarter GDP and the November Consumer Confidence report.
Across the Atlantic, UK stocks finish with a flourish, with the FTSE 100 in London sky-rocketing 372 points or nearly 10% to end at 4,152.96.
Alistair Darling, the chancellor of the exchequer, said that the UK faced an unprecedented global crisis as he delivered his pre-Budget report. "These are extraordinarily challenging times for the global economy,” he told the House of Commons.
Darling said that he wanted the UK to be well-positioned to benefit from the return to growth of the world economy. He insisted however that the global financial crisis had originated in the US, and that this had exacerbated an economic slowdown that was already underway.
European shares rallied to one of their best one-day performance ever. The pan-European Dow Jones Stoxx 600 index rallied 8.4% to 197.51, after hitting a fresh five-year low on Friday. It was the second-best single-session performance on record.
The French CAC-40 index shot up 10.1% to 3,172.11 and Germany's DAX 30 index jumped 1.3% to 4,554.33.
It was flat end to a highly volatile session on the first day of the week. Indian market opened with negative gap down however, after extending losses in the opening trades, key indices reversed all its early losses mainly on the back of short covering. The index, however, were unable to hold on to their gains and slipped back into red.
The BSE benchmark Sensex gyrated over 300 points and the NSE Nifty index swung over 100 points in intra-day. The BSE benchmark Sensex lost 51 points or 0.5% to close 8,863 and the NSE Nifty index was up 14 points to close at 2,708.
Among the 30-components of Sensex, 17 stocks were in the negative terrain and 13 stocks ended in the red.
Market breath was weak, 1,376 stocks declined against 1,065 advances, while, 74 stocks remained unchanged.
Among the BSE Sectoral indices BSE Realty index (down 3.7%), BSE Bankex index (down 3.1%), BSE Consumer Durable index (down 2.3%) and BSE Metal index (down 1.5%). Even the Mid-Cap and the Small-Cap indices lost 0.5% each.
However, among the major gainers were BSE Power index (up 2%), BSE Oil & Gas index (up 1.3%) and BSE FMCG index (up 1%).
Shares of Hindustan Unilever edged higher by 0.3% to Rs235. According to media reports 2.5mn shares of the company changed hands on NSE at an average price of Rs235 per share. The scrip touched an intra-day high of Rs236 and a low of Rs234 and recorded volumes of over 4,00,000 shares on BSE.
Shares of SBI slipped 3% to Rs1147 after the company announced that it has signed a JV agreement with Insurance Australia Group, to form a JV company which would be engaged in General Insurance business in India.
SBI would hold 74% and IAG would hold 26% of the equity in the new company. The scrip touched an intra-day high of Rs1222 and a low of Rs1115 and recorded volumes of over 19,00,000 shares on BSE.
Shares of Bharti Airtel gained by 2.7% to Rs636 after reports stated that DoT would allot spectrum to the company in 10 days. The scrip touched an intra-day high of Rs645 and a low of Rs598 and recorded volumes of over 8,00,000 shares on BSE.
Shares of Monnet Ispat surged by over 5.5% to close at Rs145 after the company announced that it would buyback 7.41% of paid-up share capital at price not exceeding Rs300/ share. The scrip touched an intra-day high of Rs156 and a low of Rs131 and recorded volumes of over 73,000 shares on BSE.
Crude prices ended substantially higher on Monday, 24 November, 2008. Crude prices gained after a strong rally at Wall Street was spurred by the news of bailout in the financial sector. Prices also rose due to a weak dollar.
On Monday, crude-oil futures for light sweet crude for January delivery closed at $54.5/barrel (higher by $4.51 or 9.2%) on the New York Mercantile Exchange. Earlier in the day, prices touched a high of $55.3. Prices reached a high of $147 on 11 July but have dropped almost 56% since then. Last week, prices fell by 13%. For this year in 2008, crude prices have dropped 46%.
Brent crude oil for January settlement rose $4.74 cents (9.6%) to $53.93 a barrel on London's ICE Futures Europe exchange.
For the month of October, 2008, crude prices ended lower by 32.6%, the biggest monthly drop since 1983.
It was mainly the financial sector that has come to market's rescue today after news hit the wires that Citigroup is getting rescue money from the government. The Treasury will buy $20 billion in preferred stock yielding 8%, which follows the $25 billion investment in Citi following the first round of TARP preferred stock purchases. The Treasury, Fed and FDIC will provide guarantees for up to $306 billion of troubled assets in exchange for $7 billion in preferred stock and warrants for 254 million shares of common stock at a strike price of $10.61. Citi will absorb the first $29 billion in losses on the troubled assets and then 10% on any remaining losses.
At the currency market on Monday, the dollar index, a measure of the greenback against a trade-weighted basket of six major currencies, fell to 85.912 from 87.658.
As per reports last week, The Organization of Petroleum Exporting Counties will trim supplies by 3.8% this month as members implement an October agreement. Thirteen OPEC members, due to meet in Cairo seven days from now, are set to supply 30.98 million barrels a day this month compared with 32.2 million a day in October.
Prior to this, OPEC officials decided last month at its meeting at Vienna that OPEC will pare production by 1.5 million barrels a day w.e.f 1 November, 2008. The official production quota is currently 28.8 million barrels, and it decided to cut by 1.5 million in November. After that, Organization of the Petroleum Exporting Countries had pledged to cut production even deeper if prices are not in the $70-$90 range in its 1st December meeting.
For the third quarter of the year crude prices ended lower by 28%. This was the biggest quarterly drop since 1991. Before that, crude prices had gained 38% in the second quarter of this year. It was the biggest quarterly increase in nine years. For the month of September, prices registered drop of 13%.
Against this background, January reformulated gasoline rose 7.3% to $1.1425 a gallon, and January heating oil gained 5% to $1.7844 a gallon.
Natural gas for December delivery added 2.6% to $6.48 per million British thermal units.
At the MCX, crude oil for November delivery closed at Rs 2,735/barrel, higher by Rs 156 (5.9%) against previous day's close. Natural gas for November delivery closed at Rs 336.6/mmbtu, higher by Rs 8.1/mmbtu (2.4%).
|Company Name||Holder Type||Holder Name||Holding Date||Percent Shares||No. of Shares|
|Citigroup Global Services Ltd.||Foreign Promoters||Citibank Overseas Investment Corpn. (Coic)||30-Sep-04||87.3||10825477|
|Spentex Industries Ltd.||Public Shareholding||Citigroup Venture Capital International - Growth Partnership Mauritius||30-Sep-08||26.94||19252650|
|Polaris Software Lab Ltd.||Public Shareholding||Citibank A/C Orbitech Ltd||30-Sep-08||22.88||22576015|
|J B F Industries Ltd.||Public Shareholding||Citigroup Venture Capital International Growth Partnership Mauritius L||30-Sep-08||20.99||13024190|
|Himadri Chemicals & Inds. Ltd.||Public Shareholding||Citigroup Venture Capital International Growth Partnership||30-Sep-08||14.87||4737615|
|Shetron Ltd.||Public Shareholding||Citicorp Finance India Ltd||30-Sep-08||12.62||1136358|
|K S Oils Ltd.||Public Shareholding||Citigroup Venture Capital International||30-Sep-08||12.42||41288953|
|Techno Electric & Engg. Co. Ltd.||Public Shareholding||Citigroup Venture Capital International||30-Sep-08||10.42||5950950|
|Fedders Lloyd Corpn. Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||9.53||2932647|
|Shriram Investments Ltd. [Merged]||Private Corporate Bodies||Citicorp Finance (India) Ltd.||30-Sep-05||9.3||5637661|
|Zenith Computers Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||9.28||1436226|
|Elder Pharmaceuticals Ltd.||Public Shareholding||Citicorp International Finance Corporation||30-Sep-08||9.17||1730000|
|Tanla Solutions Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||8.75||8745271|
|Rain Commodities Ltd.||Public Shareholding||Citicorp Finance India Ltd.||30-Sep-08||8.36||6021612|
|Cranes Software Intl. Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||7.53||8640014|
|Sadbhav Engineering Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Priva||30-Sep-08||7.35||918681|
|Kinetic Motor Co. Ltd.||Public Shareholding||Citicorp Finance India Ltd||30-Sep-08||7.12||1500000|
|Bombay Rayon Fashions Ltd.||Public Shareholding||Citigroup Global Markets Mauritius||30-Sep-08||6.93||4790000|
|Karuturi Global Ltd.||Public Shareholding||Citigroup Global Markets Mau Pvt Ltd||30-Sep-08||6.87||22750000|
|Macmillan India Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||6.79||1141472|
|Voltamp Transformers Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Priva||30-Sep-08||6.55||663109|
|Opto Circuits (India) Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||6.53||6144794|
|D S Kulkarni Developers Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt||30-Sep-08||6.4||1650655|
|Donear Industries Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||6.33||3291194|
|India Infoline Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||6.26||17914760|
|B L Kashyap & Sons Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||6.01||1235365|
|Teledata Informatics Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||5.95||11698805|
|Tata Coffee Ltd.||Public Shareholding||Citigrup Global Markets Mauritius Pvt Ltd||30-Sep-08||5.88||1097850|
|Nirlon Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||5.66||3292654|
|Educomp Solutions Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||5.48||947781|
|S Kumars Nationwide Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||5.47||12226214|
|Prajay Engineers Syndicate Ltd.||Public Shareholding||Citigroup Global Markets (Mauritius) Pvt Ltd||30-Sep-08||5.37||2130796|
|Ganesh Housing Corpn. Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||5.3||1731000|
|Ansal Housing & Construction Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||5.03||883904|
|Tulip Telecom Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||4.91||1424320|
|Hexaware Technologies Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||4.77||6849080|
|Zuari Industries Ltd.||Public Shareholding||Citigroup Global Markets Mauritus Pvt Ltd||30-Sep-08||4.76||1402698|
|Havells India Ltd.||Public Shareholding||Citigroup Gobal Markets Mauritius Pvt Ltd||30-Sep-08||4.56||2641210|
|Jubilant Organosys Ltd.||Public Shareholding||Citicorp International Finance Corporation||30-Sep-08||4.52||6666820|
|Sujana Towers Ltd.||Public Shareholding||Citigroup Global Markets Maur||30-Sep-08||4.21||1745334|
|Karnataka Bank Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Private Limited||30-Sep-08||4.18||5081690|
|Indo Asian Fusegear Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||4.11||629639|
|Emkay Global Financial Services Ltd.||Public Shareholding||Citi Group Global Markets Mauritius P Ltd||30-Sep-08||4.01||972450|
|Temptation Foods Ltd.||Public Shareholding||Citigroup Global Markets Mauritius||30-Sep-08||3.98||1000000|
|Jain Irrigation Systems Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||3.92||2840308|
|Everest Kanto Cylinder Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||3.88||3928794|
|Time Technoplast Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt||30-Sep-08||3.86||807353|
|T C F C Finance Ltd.||Promoters||Citi Leasing Pvt Ltd||30-Sep-08||3.84||402836|
|Shriram Transport Finance Co. Ltd.||Public Shareholding||Citicorp Finance India Ltd||30-Sep-08||3.84||7811986|
|Strides Arcolab Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||3.82||1530770|
|Taneja Aerospace & Aviation Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||3.76||937137|
|Eicher Motors Ltd.||Public Shareholding||Citigroup Global Markets Mauritius A/C Reliance Tax Saver||30-Sep-08||3.72||1044316|
|H T Media Ltd.||Public Shareholding||Citicorp International Finance Corporation||30-Sep-08||3.68||8630000|
|Pyramid Saimira Theatre Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||3.5||989940|
|E I D-Parry (India) Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||3.33||2974308|
|Jyoti Structures Ltd.||Public Shareholding||Citigroup Global Markets Mauritious||30-Sep-08||3.27||2656000|
|Amtek Auto Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt. Ltd.||30-Sep-08||3.04||4281797|
|I V R C L Infrastructures & Projects Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||3.01||4024405|
|Hewlett-Packard Globalsoft Pvt. Ltd.||Fii'S||Citigroup Global Markets Mauritius Pvt. Ltd.||31-Dec-03||3||998856|
|Anant Raj Inds. Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.99||8826578|
|J K Lakshmi Cement Ltd.||Public Shareholding||Citi Group Global Markets Mauritius Pvt Ltd||30-Sep-08||2.79||1706596|
|Country Club (India) Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.73||422025|
|Brigade Enterprises Ltd.||Public Shareholding||Citigrpup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.7||3026000|
|Allahabad Bank||Public Shareholding||Citigroup Global Markets Maritius Pvt Ltd||30-Sep-08||2.66||11887413|
|Bajaj Holdings & Invst. Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.66||2696253|
|Noida Toll Bridge Co. Ltd.||Public Shareholding||Citi Group Global Markets Pvt Ltd||30-Sep-08||2.65||4925655|
|Punj Lloyd Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.56||7764659|
|Genus Power Infrastructures Ltd.||Locked-In Shares||Citigroup Global Markets Mauritius Pvt.||30-Sep-08||2.54||375000|
|Usha Martin Ltd.||Public Shareholding||Citi Group Global Mkt Mauritius Pvt Ltd||30-Sep-08||2.47||6181466|
|Ahmednagar Forgings Ltd.||Public Shareholding||Citi Group Global Markets Mauritius Pvt. Ltd.||30-Sep-08||2.46||858548|
|Maytas Infra Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.46||1445000|
|Logix Microsystems Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.45||300000|
|M I C Electronics Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.44||2459595|
|Nitco Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.44||784295|
|Sanghvi Movers Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.4||1038100|
|Omnitex Industries (India) Ltd.||Public Shareholding||Citi Leasing Pvt Ltd||30-Sep-08||2.38||100000|
|Alok Industries Ltd.||Public Shareholding||Citigroup Global Market Mauritius Pvt Ltd||30-Sep-08||2.33||4587996|
|Ratnamani Metals & Tubes Ltd.||Public Shareholding||Citi Group Global Markets Mauritius Pvt. Ltd.||30-Sep-08||2.31||208269|
|Infrastructure Development Finance Co. Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.3||29808216|
|Ruchi Soya Inds. Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.29||4323746|
|Aurobindo Pharma Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.27||1222007|
|G T L Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.26||2139873|
|Sunil Hitech Engineers Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt||30-Sep-08||2.24||275000|
|Central Bank Of India||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.23||9011853|
|Dewan Housing Finance Corpn. Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt||30-Sep-08||2.18||1316463|
|Federal Bank Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.18||3726921|
|P S L Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.15||916336|
|Indowind Energy Ltd.||Public Shareholding||Citigroup Global Markets Mauritius P Ltd||30-Sep-08||2.09||1000000|
|Patel Engineering Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.09||1247698|
|Entertainment Network (India) Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||2.05||976108|
|Info Edge (India) Ltd.||Public Shareholding||Citigroup Global Markets Mauritus Pvt Ltd||30-Sep-08||2.05||559821|
|Northgate Technologies Ltd.||Public Shareholding||Citibank N A New York Nyadr Department||30-Sep-08||2.04||715000|
|Gujarat Alkalies & Chemicals Ltd.||Public Shareholding||Citigroup Global Market Mauritius Pvt Ltd||30-Sep-08||2.02||1483400|
|Tata Elxsi Ltd.||Public Shareholding||Citigroup Global Markets Mautitius Pvt Ltd||30-Sep-08||1.98||615960|
|Arshiya International Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt||30-Sep-08||1.93||1135284|
|K N R Constructions Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.93||541727|
|Marg Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.93||493950|
|Gayatri Projects Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.89||190764|
|Kamat Hotels (India) Ltd.||Public Shareholding||Citi Group Global Markets Mauritius Pvt Ltd||30-Sep-08||1.88||248674|
|I C S A (India) Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.88||826218|
|Amtek India Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.87||2091942|
|Phoenix Mills Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.87||2712382|
|Asian Electronics Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.85||554000|
|Godfrey Phillips India Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.81||188129|
|Mangalam Cement Ltd.||Public Shareholding||Citigroup Global Markets||30-Sep-08||1.78||503248|
|Hinduja Ventures Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.71||351563|
|Rajesh Exports Ltd.||Public Shareholding||Citi Group Global Markets Mauritus Private Limited||30-Sep-08||1.7||4265582|
|Mangalore Chemicals & Fertilizers Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.69||2000000|
|C M C Ltd.||Public Shareholding||Citi Group Global Market Mauritius Pvt Ltd||30-Sep-08||1.67||253701|
|Suzlon Energy Ltd.||Public Shareholding||Citicorp International Finance Corporation||30-Sep-08||1.67||25000000|
|J M Financial Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.64||12317841|
|Raymond Ltd.||Public Shareholding||Citigroup Global Market Mauritius Pvt Ltd||30-Sep-08||1.62||992661|
|Sujana Metal Products Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.61||1019000|
|Gujarat Industries Power Co. Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt||30-Sep-08||1.57||2372806|
|Indiabulls Securities Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt||30-Sep-08||1.57||3985005|
|Voltas Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.52||5039903|
|Bombay Dyeing & Mfg. Co. Ltd.||Public Shareholding||Citibank N A New York Nyadr Department||30-Sep-08||1.5||579544|
|Jindal Steel & Power Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.5||2321905|
|Ramkrishna Forgings Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.49||227892|
|Centurion Bank Of Punjab Ltd.||Public Shareholding||Citigroup Venture Capital International Growth Par||31-Mar-08||1.49||28452833|
|Ibn18 Broadcast Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.44||2000000|
|N I I T Ltd.||Public Shareholding||Citigroup Global Markets Mauritus Ltd||30-Sep-08||1.42||2341353|
|Indiabulls Real Estate Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.39||3582396|
|I F C I Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.38||10559143|
|Piramal Life Sciences Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.36||346171|
|Asian Hotels Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.32||301619|
|Bajaj Hindusthan Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Private Limited||30-Sep-08||1.31||1845749|
|Arvind Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.3||2843993|
|Kalpana Industries Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Priva||30-Sep-08||1.28||148063|
|Sakthi Sugars Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt||30-Sep-08||1.28||400188|
|Titagarh Wagons Ltd.||Public Shareholding||Citi Group Global Markets Mauritius (P) Ltd||30-Sep-08||1.27||233886|
|Indian Overseas Bank||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.27||6921881|
|Satyam Computer Services Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt||30-Sep-08||1.22||8203186|
|Aptech Ltd.||Public Shareholding||Citi Bank N A||30-Sep-08||1.2||557539|
|Dhanalakshmi Bank Ltd.||Public Shareholding||Citi Union Bank Ltd||30-Sep-08||1.2||772426|
|Vindhya Telelinks Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.2||142253|
|Dhanus Technologies Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.18||212090|
|Subex Ltd.||Public Shareholding||Citigroup Global||30-Sep-08||1.16||405682|
|Orbit Corporation Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.14||412552|
|Lupin Ltd.||Public Shareholding||Citicorp Banking Corporation||30-Sep-08||1.13||933084|
|Akruti City Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.13||751113|
|Allcargo Global Logistics Ltd.||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.12||251585|
|Lakshmi Energy & Foods Ltd.||Public Shareholding||Citi Group Global Markets Mauritius Pvt. Ltd.||30-Sep-08||1.11||702515|
|Aban Offshore Ltd.||Public Shareholding||Citi Group Global Markets Mauritius Pvt Ltd||30-Sep-08||1.1||415749|
|Indraprastha Gas Ltd.||Public Shareholding||Citi Group Global Markets Mauritius Pvt Ltd||30-Sep-08||1.05||1475955|
|Canara Bank||Public Shareholding||Citigroup Global Markets Mauritius Pvt Ltd||30-Sep-08||1.04||4247430|
|Housing Development Finance Corpn. Ltd.||Locked-In Shares||Citigroup Strategic Holdings Mauritius Ltd||30-Sep-08||0.97||2750000|
Disclaimer: Not verified