India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Thursday, January 22, 2009
BSE Bulk Deals to Watch - Jan 22 2009
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
22/1/2009 533026 CHEMCEL GANDHI MANISHA NAVNEETLAL B 140873 6.37
22/1/2009 533026 CHEMCEL USHADEVI SHAHRA B 300000 6.62
22/1/2009 533026 CHEMCEL AMAR PREMCHAND WALMIKI B 556988 6.71
22/1/2009 533026 CHEMCEL BIPIN KUMAR R GANDHI S 154298 6.33
22/1/2009 533026 CHEMCEL AMAR PREMCHAND WALMIKI S 694938 6.63
22/1/2009 532696 EDUCOMP SOLN OPG SECURITIES P LTD B 113362 1700.40
22/1/2009 532696 EDUCOMP SOLN OPG SECURITIES P LTD S 113362 1699.95
22/1/2009 532606 PAREKH ALUM AAP INVESTMENTS B 380000 50.00
22/1/2009 532606 PAREKH ALUM BARCLAYS CAPITAL MAURITIUS LIMITED S 356002 50.00
22/1/2009 507649 RASOI LTD TEJASWI VINIMAY PVT LTD B 10000 348.70
22/1/2009 531952 RIBA TEXTILE SHAH EKTA RIPPLE B 82000 28.66
22/1/2009 531952 RIBA TEXTILE SHAILESH SOMABHAI PATEL S 90651 28.35
22/1/2009 500368 RUCHI SOYA DHANAJAYA MONEY MANAGEMENT SER P LTD B 2900000 19.23
22/1/2009 500368 RUCHI SOYA SUNDARAM BNP PARIBAS MUTUAL FUND AC SELECT MIDCAP S 1700000 19.17
22/1/2009 531249 WELL PACK PA KAMLESH NAHAR B 55000 46.67
22/1/2009 531249 WELL PACK PA BIPIN KUMAR R GANDHI B 49048 47.20
22/1/2009 531249 WELL PACK PA BIPIN KUMAR R GANDHI S 63281 49.92
NSE Bulk Deals to Watch - Jan 22 2009
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
22-JAN-2009,EDUCOMP,Educomp Solutions Limited,A TO Z STOCK TRADE PRIVATE LIMITED,BUY,94242,1700.49,-
22-JAN-2009,EDUCOMP,Educomp Solutions Limited,C D INTEGRATED SERVICES LTD,BUY,203866,1702.75,-
22-JAN-2009,EDUCOMP,Educomp Solutions Limited,P R B SECURITIES PRIVATE LTD,BUY,102358,1680.01,-
22-JAN-2009,EVINIX,Evinix Accessories Limite,NCR BUILDTECH PRIVATE LIMITED,BUY,902000,2.40,-
22-JAN-2009,SATYAMCOMP,Satyam Computers Ltd,ADROIT FINANCIAL SERVICES PVT LTD,BUY,4902153,29.16,-
22-JAN-2009,WSI,W S INDUSTRIES (I) LTD,KANTHARAO UPPALA,BUY,142654,31.79,-
22-JAN-2009,EDUCOMP,Educomp Solutions Limited,A TO Z STOCK TRADE PRIVATE LIMITED,SELL,94242,1700.81,-
22-JAN-2009,EDUCOMP,Educomp Solutions Limited,C D INTEGRATED SERVICES LTD,SELL,203866,1704.60,-
22-JAN-2009,EDUCOMP,Educomp Solutions Limited,P R B SECURITIES PRIVATE LTD,SELL,102358,1680.68,-
22-JAN-2009,EVINIX,Evinix Accessories Limite,SUPREME FINVEST (P) LTD.,SELL,902000,2.40,-
22-JAN-2009,MIC,MIC Electronics Limited,Copthall Mauritius Investment Ltd,SELL,590000,23.33,-
22-JAN-2009,MIC,MIC Electronics Limited,KOTAK MAHINDRA INVESTMENTS LIMITED,SELL,568500,23.57,-
22-JAN-2009,SATYAMCOMP,Satyam Computers Ltd,ADROIT FINANCIAL SERVICES PVT LTD,SELL,4902153,29.17,-
Post Session Commentary - Jan 22 2009
The Indian market managed to end the day in green terrain after showing choppiness during the trading session. Indices regained positive zone after slipping into red in a highly volatile session. The market gave up gains in afternoon trade on higher inflation data to 5.6% for the week ended January 10 from 5.24% a week earlier. Investors also eyed on the crucial quarterly number of the Reliance Industries. The company is likely to report dismal numbers due to the sharp fall in the demand of petrochemicals and the petroleum product prices. However, market regulator Sebi''s move asking promoters of listed companies to disclose there pledged shares, if any, with lenders boosted the market.
The domestic market today opened significantly higher tracking positive cues from the markets all over the world. Though, stocks were not able to sustain the same impetus and turned choppy as investors were cautious ahead of quarter earnings to be announced by the country’s most valuable listed company Reliance Industries. Nervousness prevailed the market despite an encouraging third quarter earnings announced by Bharti Airtel today. The rise in the inflation number also added to the choppiness. Further, market pared all its gains and slipped into red on account of profit booking seen in selective front liners. Finally, market recovered to get back some of its gains closed the directionless session above the dotted line on account of firm global cues. In the meantime, Planning Commission deputy chairman, Mr. Montek Singh Ahluwalia told the industry not to expect any more stimulus packages from government during this financial year ending March 2009. The government has already announced two stimulus packages to support the economy, reeling under the impact of the global slowdown. From the sectoral front, Teck, Bank, IT, and Oil & Gas stocks were on buyers ride today. However, Reality, Consumer Durable, Metal, Auto and Pharma stocks remained under pressure as witnesses most of the selling form these baskets. Midcap and Smallcap stocks also witnesses huge selling pressure during the trading.
Among the Sensex pack 15 stocks ended in red territory and 15 in green. The market breadth remained negative as 1661 stocks closed in red while 739 stocks closed in green and 96 stocks remained unchanged in BSE.
The BSE Sensex closed higher by 34.67 points at 8,813.84 and NSE Nifty ended slightly up by 7.65 points at 2,713.80. The BSE Mid Caps and Small Caps ended with losses of 61.03 points and 67.70 points at 2,895.45 and 3,304.95 respectively. The BSE Sensex touched intraday high of 8,927.69 and intraday low of 8,699.32.
Gainers from the BSE Sensex pack are Bharti Airtel (6.19%), Grasim Indus (3.05), Sun Pharma (2.78%), Sterlite In (2.77%), ICICI Bank (2.53%), ACC Ltd (2.43%), HDFC (2.04%), JP Associates (1.53%) and Reliance (1.21%).
Losers from the BSE Sensex pack are DLF Ltd (9.36%), Ranbaxy Lab (8.89%), Hindalco (7.49%), Rel Infra (6.15%), Tata Motors (5.21%), Tata Steel (5.01%), Maruti Suzuki (4.10%), L&T Ltd (3.31%) and M&M Ltd(2.86%).
India''s wholesale price index rose to 5.6% for the week ended January 10 2008, from 5.24% a week earlier after moving downward for few weeks. However the expectations prevail that the eight-day truckers strike in early January would have pushed up the food price index. The annual inflation rate was 4.36% during the corresponding week of the previous year.
According to provisional figures the wholesale price index of all commodities increased by 0.4% to 230 from 229 of the previous week. Along with this, the index for primary articles rose 1.2% to 249.3 as against 246.3 and for manufactured products went up by 0.2% to 201.1 from 200.6 of earlier week. However, the index for fuel, power, light and lubricants remained unchanged at its previous weeks’ level of 329.8.
On the global markets front, the Asian Markets ended higher despite economic concerns. Japan''s exports dropped for the third consecutive month in December to 35% from a year earlier. Markets got a boost on the back of sharp rise in the Wall Street, which overshadowed the region''s economies worries. The Bank of Japan (BOJ), as widely expected, held its key interest rate unchanged at 0.1% on Thursday, citing an increasingly worsening economic outlook at domestic and abroad. Meanwhile, the BOJ downgraded its estimates for the nation''s economic growth from the previously forecasted 0.1% to minus 1.8% in fiscal 2008, which ends in March 2009. For fiscal 2009, the central bank lowered its estimate for real GDP growth from earlier predicted 0.6% expansion to 2.0% contraction. Hang Seng index closed higher by 74.36 points at 12,657.99. Along with this, Nikkei, Straits Times and Seoul Composite index ended up by 150.10, 4.25 and 12.62 points at 8,051.74, 1,708.77 and 1,116.23 respectively.
The European Markets are also extending its gains. Major gainers are banking and energy stocks. Though, U.K. price inflation fell sharply in December to 3.1% as against 4.1% November. The DAX is up by 74.88 points at 4,336.03 and FTSE 100 is higher 75.18 points at 4,135.06.
The BSE Teck index witnessed most of the buying as ended up by (1.27%) or 21.83 points to close at 1,739.17 as Tanla (9.93%), Bharti Airtel (6.19%), Oracle Fin (3.92%), Zee News (3.24%), JAgran Prak (2.72%) and Deccan Chro (1.56%) ended in green.
The BSE Bank index gained (0.74%) or 34.46 points to close at 4,679.40 as investors speculated falling bond yields and lower rates would speed up loan growth and profitability of selective companies. Karnataka Bank (2.99%), ICICI Bank (2.53%), Bank of India (2.33%), Canara Bank (2.31%) and Axis Bank (1.96%) ended in positive territory.
The BSE Oil & Gas index also gained market favor and ended higher by (0.39%) or 21.97 points at 5,664. Gainers are Cairn Ind (2.86%) and Reliance (1.21%).
The BSE Reality index extended losses on reports that falling interest rates have failed to revive housing demand and ended down by (5.47%) or 89.78 points at 1,551.57. Major losers are DLF Ltd (9.36%), Anant Raj (4.94%), Indiabull Real (4.69%), Orbit Co (3.54%), Unitech Ltd (3.41%) and Housing Dev (2.88%).
The BSE Consumer Durable index also beaten down badly as heavy selling pressure was witnessed from this basket. It closed with decrease of (2.77%) or 49.16 points at 1,723.81. Scrips that lost are Gitanjali GE (6.72%), Blue Star L (5.51%), Titan Ind (2.46%) and Videocon Ind (1.18%).
The BSE Metal stocks tumbled (2.50%) or 117.24 points at 4,580.26 on fears that weakening domestic and global economy will hit demand. Main losers are Hindalco (7.49%), Jindal Saw (6.53%), Welspan Gujarat Sr (5.66%), Tata Steel (5.01%), Gujarat NRE C (3.52%) and JSW Steel (2.93%).
Bharti Airtel gained (6.19%) as reported good quarterly numbers in the third quarter. The company reported a 15% growth in quarter to quarter basis to Rs. 1976.4 crore versus Rs. 1,714.66 crore.
Modest gains for the day
The stock market witnessed volatile moves and swung 229 points during intra-day trades, as shares gyrated sharply between zones. Taking cue from firm global indices, Sensex started on a positive note at 8906 but failed to sustain its gains, as a sharp bout of profit-taking pulled the index below 8700 mark to an intra-day low of 8699. While the market remained lacklustre with a negative bias, Sensex rolled back to the green by mid-noon trades on renewed buying support, and surged to an intra-day high of 8928. However, a fresh round of profit-taking towards the fag end saw Sensex pare its gains and end at 8814, up 35 points, while Nifty added eight points to close at 2714.
The breadth of the market was negative. Of the 2,496 stocks traded on the BSE 1,661 stocks declined, 739 stocks advanced and 96 stocks remained unchanged. Among the sectoral indices, BSE Realty index dropped 5.47% while BSE CD, BSE Metal, BSE CG and BSE Auto also ended at lower levels. BSE Teck, BSE Bankex, BSE Oil and BSE IT gained around 0.36-1% each.
Select heavyweights edged higher on decent buying support. Bharti Airtel rose 6.07% at Rs619, ICICI Bank jumped 2.98% at Rs380, Grasim advanced 2.94% at Rs1,175, Sun Pharmaceutical Industries added 2.529% at Rs1,100, Sterlite Industries gained 2.42% at Rs243 and ACC gained 2.09% at Rs488.10. However, select front-line stocks came under selling pressure. DLF was the major loser and dropped 9.36% at Rs164.05. Among other draggers Ranbaxy Laboratories declined 8.89% at Rs186.10, Hindalco Industries dropped 7.49% at Rs43.85 and Reliance Infrastructure shed 6.15% at Rs488.40. While Tata Motors, Tata Steel, Maruti Suzuki India, Larsen & Toubro and Mahindra & Mahindra closed with loss of 2-5% each.
Over 2.99 crore shares of Satyam Computer Services changed hands on the BSE followed by UNITECH (1.52 crore shares), Reliance Natural Resources (97 lakh shares), Suzlon Energy (62 lakh shares) and GVK Power & Infrastructure (59 lakh shares).
Sensex ends slightly higher; Bharti Airtel surges, DLF plunges
Key benchmark indices logged small gains on positive global cues in what was a highly choppy trading session. Stocks oscillated wildly reacting to inflation data, corporate results and global cues. The BSE 30-share Sensex was up 34.67 points, or 0.39%.
The market had opened on a firm note on positive global cues. Also market regulator Sebi's move asking promoters of listed companies to disclose their pledged shares, if any, with lenders boosted the market. Caution gripped market after a strong start as key benchmark indices eased from day's high weighed by index heavyweight Reliance Industries, which slipped in red, in anticipation of subdued results from the firm later in the day. The market which gave up gains on higher inflation data in afternoon trade. Sensex oscillated in and out of positive zone in late trade.
Wholesale price index rose 5.6 % in the 12 months to 10 January 2009, above the previous week's annual rise of 5.24%, government data showed at 12:00 IST today.
Positive global cues lifted sentiment. European stocks rose on Thursday, 22 January 2009, as banking shares such as UBS bounced back from recent steep losses, while investors awaited earnings from tech bellwether Nokia. Key benchmark indices in UK, Germany and France were up by between 1.76% and 1.95%.
Asian markets, which opened before the Indian markets, were firm today led by financial companies and the optimism that government policies to ease the financial crisis will ease the global recession. Key benchmark indices in Hong Kong, South Korea, Singapore, China, Taiwan, Japan were up by between 0.13% to 1.9%.
US stocks jumped on Wednesday, 21 January 2009 after a surprisingly healthy earnings report from IBM fueled optimism that technology profits may fare better than other sectors during the recession. The Dow Jones Industrial Average climbed 279.01 points, or 3.51%, to end at 8,228.10, the S&P 500 Index gained 35.02 points, or 4.35%, to finish at 840.24 and the Nasdaq Composite Index rose 66.21 points, or 4.60%, to close at 1,507.07.
In an investor friendly move, the market regulator Sebi on Wednesday, 21 January 2009, asked promoters of listed companies to disclose if they have pledged shares with lenders, while saying it has had no luck in determining the real size of the Satyam Computer fraud. The regulator's announcement on disclosure of pledged shares comes in the wake of the Satyam scam, wherein promoter Ramalinga Raju had pledged nearly all his shares, whose prices he had inflated by falsifying profits.
The details of disclosure should be made in two stages that is event-based and periodical, which will be notified shortly after amending the relevant regulations and listing agreements, Sebi chairman C B Bhave said after the board meeting.
On the flip side, the Planning Commission deputy chairman, Mr Montek Singh Ahluwalia yesterday, 21 January 2009 told the industry not to expect any more stimulus packages from government during this financial year ending March 2009. He said that enough has been done for the industry.
The government has already announced two stimulus packages to give a boost to the economy, reeling under the impact of the global slowdown. The government and the Reserve Bank were working in close coordination on steps to stimulate the economy, he noted.
The BSE 30-share Sensex rose 34.67 points, or 0.39%, to 8,813.84. The Sensex rose 148.52 points at the day's high of 8,927.69 in early trade. The Sensex fell 79.85 points at the day's low of 8,699.32 in mid-afternoon trade. The Sensex swung 228.37 points between the day's high and the day's low.
The S&P CNX Nifty rose 7.65 points, or 0.28%, to 2,713.80.
Nifty January 2009 futures were at 2696, a discount of 17.80 points as compared to the spot closing of 2713.80. Turnover in NSE's futures & options (F&O) segment was Rs 38,676.85 crore, much lower than Rs 43,026.95 crore on Wednesday, 21 January 2009.
The market breadth, indicating the overall health of the market, was weak on BSE with 756 shares advancing as compared with 1,687 that declined. 41 shares remained unchanged. The breadth was positive in early trade.
Among the 30-share Sensex pack, 15 rose while the rest fell. ACC, Jaiprakash Associates, Tata Power Company, Grasim Industries, rose by between 0.1% to 3.05%.
Sectoral indices on BSE displayed mixed trend. The BSE Teck index (up 1.27%), the BSE Bankex (up 0.74%) outperformed the Sensex. The BSE Oil & Gas index rose 0.39%, matching Sensex' rise. However the BSE Realty index (down 5.47%), the BSE Consumer Durables index (down 2.77%), the BSE Metal index (down 2.5%), the BSE Capital Goods index (down 1.61%), the BSE Auto index (down 1.58%), the BSE HealthCare index (down 1.31%), the BSE FMCG index (down 0.96%), the BSE PSU index (down 0.56%), the BSE Power index (down 0.24%), the BSE IT index (up 0.36%), underperformed the Sensex.
The BSE Sensex has lost 868.14 points or 8.63% so far in 2009 from its close of 9647.31 on 31 December 2008. The barometer index had lost 10639.68 points or 52.44% in the calendar year 2008
India's largest private sector company by market capitalization and oil refiner Reliance Industries (RIL) rose 1.21% to Rs 1,132.95. The stock swung in volatile band of Rs 1,153.40 - Rs 1110.65.
The company after market hours today announced 8.8% fall in net profit to Rs 3501.crore in Q3 December 2008 over Q3 December 2007, its first drop in three years, but beat forecasts as refining margins did not fall as much as expected.
India's largest telecom services provider by sales Bharti Airtel rose 6.19% after it before market hours today reported a 25% rise in net profit in Q3 December 2008 over Q3 December 2007. The stock was the top gainer from the Sensex pack.
Realty stocks fell on reports falling interest rates have failed to revive housing demand. india's largest realty developer by m-cap DLF plunged 9.36% to Rs 164.05 on high volumes of 57.55 lakh shares. Indiabulls Real Estate and Unitech fell 4.69% and 3.41% respectively.
Most metal stocks fell on worries a weakening domestic and global economy will hit demand. India's largest steel maker by sales Tata Steel fell 5.1% to Rs 179.20. The stock hit a high of Rs 193.90 after the company's overseas unit signed a pact with UK based Klesch & Company for selling aluminium smelters. Other metal stocks, Steel Authority of India, Hindalco Industries, Hindustan Zinc, fell by between 1.34% to 7.39%. While, National Aluminum Company and Sterlite Industries rose by between 2.66% to 5.52%.
Bank stocks turned mixed in volatile trade after latest data showed rise in inflation over the previous week. India's largest bank in terms of assets and branch network State Bank of India rose 0.66% to Rs 1,089.05. The stock moved between the high of Rs 1,102.80 and the low of Rs 1,065.30. India's second largest private sector bank by net profit HDFC Bank rose 0.37% to Rs 892.80. The stock moved between the high of Rs 948.70 and the low of Rs 882.80. Its American depository receipt (ADR) gained 4.85% on Wednesday, 21 January 2009. India's largest private sector bank by net profit ICICI Bank fell 2.53% to Rs 378.35. The stock moved between the high of Rs 385.70 and the low of Rs 359.40. Its ADR rose 6.34 % overnight.
India's largest dedicated housing finance company by total income HDFC rose 2.04%. HDFC, during market hours on 21 January 2009 said its net profit fell 15.73% to Rs 546.83 crore in Q3 December 2008 over Q3 December 2007.
Auto stocks fell on worries high interest rates and sluggish consumer spending have dented demand for automobiles, including for trucks, motorcycles and scooters. Mahindra & Mahindra, Maruti Suzuki India and Tata Motors fell by between 2.86% to 5.21%. India's largest motorbike maker by sales Hero Honda Motors rose 0.91% as company on 21 January 2009 its net profit rose 9.24% to Rs 300.42 crore in Q3 December 2008 over Q3 December 2007.
Capital goods stocks fell on worries a slowing economy will crimp orders. Larsen & Toubro, BEML, ABB, Thermax fell by between 0.03% to 6.83%.
India's largest drugmaker by sales Ranbaxy Laboratories fell 8.89%. The company after the market hours today reported a net loss of Rs 806.55 crore in Q4 December 2008 compared to a net profit of Rs 48.4 crore in Q4 December 2007.
Bharat Forge tanked 6.12% after the company reported a 92.52% fall in net profit to Rs 4.35 crore in Q3 December 2008 over Q3 December 2007.
Coromandel Fertilisers rose 13.12% after its net profit rose 77% in Q3 December 2008 over Q3 December 2007.
Pudumjee Pulp & Paper Mills rose 2.2% after its board approved 5 to 1 stock split
Kotak Mahindra Bank fell 5.81% after its net profit fell 30.03% in Q3 December 2008 over Q3 December 207.
Meanwhile, Singapore's government said it plans to spend $20.5 billion Singapore dollars ($13.6 billion) this year, causing a budget deficit blowout, in a bid to spur domestic demand and ease the impact of a severe recession. The government will target job preservation, bank lending, and infrastructure projects while widening this year's fiscal deficit to 6% of gross domestic product, the city-state's largest deficit ``to date,'' Finance Minister Tharman Shanmugaratnam said Thursday in a televised speech.
Singapore, however, slashed its 2009 growth forecast Wednesday for a second time this month, saying the economy could shrink as much as 5% as global demand for the country's exports collapses. China's GDP grew at slowest pace in 7 years and Japan's export plunged most since 1980.
Japan's central bank kept its already super-low interest rate on hold today, 22 January 2009, as widely expected but sharply downgraded its economic outlook amid an ever-deepening recession. In a unanimous vote, the Bank of Japan's policy board chose to keep the overnight call rate target at 0.1%. The BOJ now predicts that the world's second largest economy will shrink 1.8% this fiscal year through March and will contract 2% next fiscal year. The policy board cut the overnight call rate target to 0.1% from 0.3 % in December, joining the U.S. Federal Reserve in lowering borrowing rates to nearly zero amid an ever-worsening outlook for the global economy.
Daily Call - Jan 22 2009
One does not have to have a doctorate in Oriental capital markets to know that we will see some short covering today after fight back in the US indices, which was led by banking stocks. These rallies not withstanding, the bottom line is that the world banking system is in deep morass and Obama is no superman. He is just another human being who happens to be the 43rd American to take the oath of office of the President. Don't cross check the 43rd part, its right.
As the lows of the Sensex and the Nifty were convincingly broken on closing terms, we would advice waiting in the wings and not buying into today's rally. Reliance, the market mover, will present its results today later after the markets close and is unlikely to pull a rabbit out of its hat. Take a cautious approach today and if you need to trade long, do it only intra day with tight stop losses.
Pre Session Commentary - Jan 22 2009
Today the markets are likely to open with a positive gap as the US markets rebound due to better than expected quarterly results and majority of Asian markets have also opened in green. The sentiments across Asia are good after consecutive negative trades in prior sessions. Therefore today we expect our domestic markets to rebound on the back of recovery shown by other markets in Asia and US. The consecutive losses suffered in the prior sessions would prompt new positions today. Therefore today domestic markets are likely to rebound and trade positive.
On Wednesday, the markets once again faced heavy selling pressures and closed with huge negative gap. Since morning trade, the sentiments across Asia exuded relentless selling pressures. Later after the post mid session the downtrend of European markets set ablaze the domestic markets to close in deep red. Heavy selling was witnessed across broader markets and investors were also taking new short positions in the index heavyweights. On the front line, Heavy weights like ICICI Bank, Tata Power and Sterlite Industries faced enormous sell off. Sectors like Metal, Power, Bankex, Oil & Gas and Realty closed with losses of 4.07%, 3.91%, 3.91%, 3.78% and 3.61% respectively. On the other hand FMCG was the only sector left as a last resort for investors and therefore recorded a marginal gain of 0.84%. Sensex and Nifty lost 3.53% and 3.23% respectively. Mid caps and Small caps also shed 1.97% and 1.93% respectively. During the session we expect the markets to be trading positive.
The BSE Sensex closed lower by 321.38 points at 8,779.17 and NSE Nifty lost 90.45 points at 2,706.15. The BSE Mid Caps and Small Caps ended with losses of 59.50 points and 6.44 points at 2,956.51 and 3,372.65 respectively. The BSE Sensex touched intraday high of 9,051.31 and intraday low of 8,734.93.
The US markets on Wednesday closed in green. There was enough short covering that helped a remarkable rally among the stocks. The financial sector was the key driver after a 35% loss it suffered in the past two weeks. Better than expected results from Northern Trust and good purchases of Bank of America also helped maintain buying sentiments. Northern Trust reported fourth quarter earnings of $1.39 per share, which is $0.47 more than the estimated $0.92 per share and therefore its shares moved up by 31%. IBM also reported fourth quarter earnings of $3.28 per share, which is $0.25 better than the consensus estimate of $3.03 per share. IBM also expects 2009 earnings to be at least $9.20 per share, which is more than the $8.75 per share that Wall Street forecast. Crude oil futures for the month of February delivery grew by $2.71 to $43.55 per barrel on New York Mercantile Exchange. The crude futures closed above $43 a barrel backed by signs that the OPEC oil cartel is cutting output. Further the optimism about President Barack Obama''s economic stimulus package also added to the rally.
The Dow Jones Industrial Average (DJIA) closed higher by 279.01 points at 8228.10 NASDAQ index gained by 66.21 points at 1,507.07 and the S&P 500 (SPX) also closed higher by 35.02 points at 840.24.
Indian ADRs ended higher. In technology sector, Satyam ended up by 8.91% along with Infosys by 2.18%. Further Patni Computers ended with increase of 1.27% and Wipro closed up by 2.07%. In banking sector ICICI Bank and HDFC Bank advanced by 6.34% and 4.85% respectively. In telecommunication sector, Tata Communication lost 3.51% while MTNL gained 3.18%. Sterlite Industries increased by 0.20%.
Today major stock markets in Asia have opened positive. The Shanghai Composite is trading high by 2.67 points at 1,987.68. while Hang Seng is up by 145.04 points at 12,728.67. Further Japan''s Nikkei is trading low by 3.18 points at 7898.46. South Korea’s Seoul Composite is up by 10.20 points at 1,113.81 and Singapore’s Strait Times is also up by 20.28 points at 1,724.80.
The FIIs on Wednesday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 767.30 Crore and gross debt purchased stood at Rs 592.20 Crore, while the gross equity sold stood at Rs 1,059.50 Crore and gross debt sold stood at Rs 771.50 Crore. Therefore, the net investment of equity and debt reported were Rs (292.20) Crore and Rs (179.30) Crore respectively.
On Wednesday, Indian Rupee closed at 49.11/13 per dollar, 02% stronger than Tuesday’s close of 49.20/22. The rupee gained strength as exporters sold dollars to book cash, however the steep fall in stock markets resisted the further rise.
On BSE, total number of shares traded were 25.88 Crore and total turnover stood at Rs 2,852.17 Crore. On NSE, total number of shares traded were 56.44 Crore and total turnover was Rs 79.42 Crore.
Top traded volumes on NSE Nifty – Unitech with 47110550 shares, Suzlon Energy with 20061646 shares, SAIL with 12388616 shares, ICICI Bank with total volume traded 11918570 shares followed by NTPC with 9512265 shares.
On NSE Future and Options, total number of contracts traded in index futures was 1028488 with a total turnover of Rs 13,248.08 Crore. Along with this total number of contracts traded in stock futures were 1132842 with a total turnover of Rs 11,090.31 Crore. Total numbers of contracts for index options were 1262525 with a total turnover of Rs 17,852.71 Crore and total numbers of contracts for stock options were 78427 and notional turnover was Rs 835.86 Crore.
Today, Nifty would have a support at 2,680 and resistance at 2,775 and BSE Sensex has support at 8,710 and resistance at 9,025.
Market seen firm
Key benchmark indices are headed for a positive start on firm global cues. Stock specific action is likely to set the tone of the market as a slew of corporate results from frontline companies will unveil their results during the day. Also inflation data for the week ended 10 January 2009 will be watched closely.
In a move that may boost stock markets, market regulator Sebi on Wednesday, 21 January 2009, asked promoters of listed companies to disclose if they have pledged shares with lenders, while saying it has had no luck in determining the real size of the Satyam Computer fraud. The regulator's announcement on disclosure of pledged shares comes in the wake of the Satyam scam, wherein promoter Ramalinga Raju had pledged nearly all his shares, whose prices he had inflated by falsifying profits.
The details of disclosure should be made in two stages that is event-based and periodical, which will be notified shortly after amending the relevant regulations and listing agreements, Sebi chairman C B Bhave said after the board meeting.
On the flip side, the Planning Commission deputy chairman, Mr Montek Singh Ahluwalia yesterday, 21 January 2009 told the industry not to expect any more stimulus packages from government during this financial year ending March 2009. He said that enough has been done for the industry.
The government has already announced two stimulus packages to give a boost to the economy, reeling under the impact of the global slowdown. The government and the Reserve Bank were working in close coordination on steps to stimulate the economy, he noted.
Back home, Reliance Industries, Bharti Airtel, Ranbaxy Laboratories, Reliance Power, Kotak Mahindra Bank, Cipla, Bank of India, Idea Cellular, Bharat Forge, declare their December 2008 quarterly results today, 22 January 2009. Meanwhile, aggregate results of 339 companies showed 17.70% fall in net profit on a 23.50% increase in net sales in Q3 December 2008 over Q3 December 2007.
The street was anticipating poor Q3 December 2008 earnings from Indian Inc on high input costs, the credit crunch and high interest rates, coupled with the burden of piled-up inventories.
Foreign brokerage Morgan Stanley in its research report dated 5 January 2009 said earnings of 30 BSE Sensex firms are set for their first quarterly drop in Q3 December 2008, since the data was first made available in 1999. It estimates the BSE Sensex earnings to drop 0.2% year-on-year basis compared with a growth of 5.5% and 20% in the September 2008 and June 2008 quarters, respectively.
Asian markets opened soft today, 22 January 2009, as china's GDP grew at slowest pace in 7 years and Japan's export plunged most since 1980. China's Shanghai Composite was up 0.73% or 14.49 points at 1,999.46, Hong Kong's Hang Seng rose 1.37% or 172.72 points at 12,756.35, Singapore's Straits Times advanced 0.77% or 13.14 points at 1,717.66, and South Korea's Seoul Composite gained 0.94% or 10.4 points at 1,114.01. However, Japan's Nikkei was down 0.15% or 12.03 points at 7,889.61.
US stocks jumped on Wednesday, 21 January 2009 after a surprisingly healthy earnings report from IBM fueled optimism that technology profits may fare better than other sectors during the recession. The Dow Jones Industrial Average climbed 279.01 points, or 3.51%, to end at 8,228.10, the S&P 500 Index gained 35.02 points, or 4.35%, to finish at 840.24 and the Nasdaq Composite Index rose 66.21 points, or 4.60%, to close at 1,507.07.
Back home, a sell-off in late trade dragged key benchmark indices lower on Wednesday, 21 January 2009, in what was a global equities rout. Fresh worries the global banking crisis may last longer than expected rattled bourses across the globe. The BSE 30-share Sensex lost 321.38 points, or 3.53%, to 8,779.17 and the S&P CNX Nifty fell 90.45 points, or 3.23%, to 2,706.15.
Foreign institutional investors (FIIs) are in selling mode after an inflow of Rs 1319.10 crore in December 2008. Their outflow in January 2009 totaled Rs 2,936.60 crore (till 20 January 2009).
According to provisional data on NSE, FIIs were net sellers worth Rs 786.62 crore while mutual funds bought shares worth Rs 282.73 crore on Wednesday, 21 January 2009,
Trading Calls - Jan 22 2009
Nifty (2706) Sup 2665 Res 2789
Buy Hero Honda (842) SL 835
Tgt 852, 856
Buy Bharti Airtel (584) Sl 578
Tgt 594, 598
Buy Bank of India (240) SL 236
Tgt 247, 250
Buy Crompton Greaves (129) SL 125 Tgt 138, 140
Sell Ranbaxy (204) SL209
Tgt 196, 194
Daily News Roundup - Jan 22 2009
LIC and ICICI Prudential Life Insurance are supporting L&T’s move to acquire Satyam. (BS)
L&T to present revival plan to Satyam board. (ET)
Satyam gets termination notice from two clients. (BS)
The Company Law Board restrained the key personnel of erstwhile Satyam management from selling any movable and immovable properties. (BL)
Tata Steel to sell aluminium smelters of Corus to Klesch & Co.. (ET)
Patni and General Atlantic may team up to acquire Satyam. (ET)
Bajaj Auto plans to manufacture gearless scooter. (BL)
HCC plans IPO for Lavasa project by 2010. (BS)
Genpact and Quatrro interested in buying parts of Satyam business. (BL)
Maharashtra government cancels the Rs4.8bn contract given to Maytas Infrastructure earlier. (BS)
Tata Motors launches its pre-owned car business, christened Tata Motors Assured, in major cities. (BS)
Tata's acquires 30% stake in Neotal, increasing the total stake to 70%. (FE)
Petron Engineering bags Rs87mn order to setup electrical erection power plant from Lanco Infratech. (FE)
Unitech puts on hold Sonepat SEZ in Haryana. (FE)
Kesoram Industries to halt production at its Orissa plant amid slowdown in demand. (FE)
Bajaj-Auto to roll-out Kawasaki and Ninja bikes in India. (FE)
The joint venture between ONGC and SCI to build rigs has not taken off due to the easy availability of rigs. (BS)
Refex Energy Ltd to invest Rs10bn for setting up a 50MW solar power plant in Gujarat. (BL)
Royal Orchid ties up with Vaswani group to launch service apartment. (BL)
Whirlpool eyes over 20% market share in consumer durables segment by the end FY10. (ET)
NPCIL plans to raise Rs350-400bn by debt over next five years to meet the requirement of the civil nuclear program. (ET)
Big Bazaar, a part of future group, to open 40 new outlets by June '09. (ET)
Sebi has made it mandatory for promoters to disclose details of shares pledged by them in their listed entities. (BS)
On account of lower tax receipts, States have asked the Centre not to reduce the central sales tax (CST) rate by one percentage point from April this year. (BS)
The Centre and the states may reach an agreement to have 16% rate for goods and services tax (GST), which will be implemented from April 2010. (BS)
The Tamil Nadu government, along with the Tamil Nadu Electricity Board (TNEB), is planning to add 4,300MW power by 2011-12, with an investment of Rs222bn. (BS)
Government may extend fresh Rs50bn credit line to NBFC and AFCs. (ET)
India may face deflation between March-June'09, says Pronab Sen (Chief Statistician of India). (ET)
Exporters are likely to get fresh dose of subsidies. (FE)
Government rules out import duty on crude palm oil. (FE)
A pick up at start!
Whenever you fall pick up something!
Picking up oneself after a market fall is in itself an achievement. The world has to grapple with fresh signs of economic weakness even as Barack Obama gradually settles down in the White House. The bad news is coming from other parts of the globe, like Europe and Asia. China’s economy grew at the slowest pace in seven years in Q4 of 2008. South Korea’s GDP has shrunk by a bigger-than-expected 5.6%. Singapore’s economy is likely to contract by up to 5% this year. Europe is engaged in renewed fire-fighting to keep its banking sector from collapsing. News from the corporate side is anything but cheerful, with job cuts and plant shutdowns galore.
Back to India, we may still get away with a slight bounce early on due to the overnight rally in US stocks. A few Asian indices are up about 1%. But, one must not get carried away as the outlook remains murky. Inflation will be out today, and may slip below 5%. A top government official sees deflation in the next few months. This may prompt the RBI to go for further monetary easing. However, it remains to be seen what it does in next week’s review. Market is also eagerly awaiting some crucial results today, including that of index bellwether RIL. Chances are RIL will maintain its gross refining margins. The overall numbers may be a different picture altogether.
Key Results Today: 3i Infotech, Bank of India, Bharat Forge, BPL, Cipla, Dish TV, Future Capital, Gateway Distriparks, Idea Cellular, Inox, Ipca Labs, JB chemicals, J Kumar Infra, JK Tyre, Kotak Mahindra Bank, Marico, Navneet Publication, NDTV, Noida Toll, Novartis, Piramal Healthcare, Praj Industries, Ranbaxy, Reliance Infra, Reliance Industries, Reliance Power, Tata Sponge, TVS Motor, Voltas, Zandu Pharma and Zee News.
US shares closed sharply higher on Wednesday, led by strong gains in the financial space, as traders perceived the previous day's sell-off as overdone. IBM's solid earnings coupled with news of Bank of America share purchases by company executives helped improve sentiment.
The Dow Jones Industrial Average advanced 279.01 points, or 3.5%, to 8,228.1. The Standard & Poor’s 500 Index rose 35.03 points, or 4.4% to 840.24, its steepest gain since Dec. 16. The Nasdaq Composite index gained 66.21 points, or 4.6%, to 1,507.07.
The Dow had earlier reversed an early triple-digit rise to briefly dip into negative territory before resuming its course higher.
Bank of America jumped 31%, the most since at least 1980, after CEO Kenneth Lewis and five directors bought shares. Citigroup and JPMorgan Chase rallied more than 25%, helping the S&P 500 Financials Index rebound from its lowest level since 1995 with a 15% gain.
US stocks had fallen to two-month lows on Tuesday, closing below 8,000 for the first time since November, as worries about the banking sector overshadowed President Barack Obama's historic inauguration. It was the market's worst Inauguration Day performance ever, according to S&P.
Market sentiment was better on Wednesday, as demonstrated by the CBOE Volatility index or the VIX. The market's fear gauge dropped a good 10 points after jumping more than 10 points on Tuesday.
IBM reported quarterly earnings late on Tuesday that rose from a year earlier and topped estimates, on revenue that fell from the prior year and missed estimates. The IT services company also forecast that it would earn $9.20 per share this year, 45 cents more than what analysts had been expecting. IBM shares gained 11.5%.
S&P 500 earnings are expected to have fallen more than 20% in the fourth quarter of 2008, according to the latest Thomson Reuters tallies. That would make it the sixth consecutive quarter of slowing earnings.
United Technologies reported higher quarterly earnings that topped forecasts on revenue that fell from a year earlier and missed forecasts. The company also reiterated its 2009 forecast. Shares ended little changed.
GM lost its crown as the world's largest automaker to Toyota in 2008, as the company sold 610,000 fewer cars than its rival. GM's global sales fell 10.8% in 2008 to 8.36 million vehicles. Shares erased losses to end with modest gains.
Ericsson reported fourth-quarter earnings that beat estimates and also said it was cutting 5,000 jobs to save costs. Shares of the Swedish telecom rose 16.6%.
United Airlines' parent UAL also reported a wider quarterly loss versus a year ago. However the loss was not as steep as some analysts were expecting. Shares fell 6%. Fellow airline AMR reported a wider quarterly net loss that was worse than expected. AMR shares fell 24%.
Obama's pick for Treasury Secretary, Tim Geithner, testified before the Senate Finance Committee. He said that bold action is needed to soften the blow of the economic downturn. Geithner also said that if confirmed, he would work to reform the Troubled Asset Relief Program (TARP), the government's much-maligned $700bn bank rescue plan.
After the close, Apple reported higher fiscal first quarter sales and earnings that topped estimates. The tech leader also issued a fiscal second quarter sales and earnings forecast that was short of forecasts. But investors focused on the earnings and sent shares 9% higher in extended-hours trading.
eBay reported a lower fourth-quarter profit that nonetheless topped estimates. The online auctioneer also issued a current-quarter profit forecast that is short of expectations. Shares fell in extended-hours trading.
Intel said that it was shuttering sites in Asia and scaling back US operations in a restructuring move that will affect up to 6,000 people.
Treasury prices tumbled, raising the yield on the benchmark 10-year note to 2.52% from 2.33% on Tuesday. Treasury prices and yields move in opposite directions. Yields on the 2-year, 10-year and 30-year Treasurys all hit record lows last month.
Lending rates were mixed. The 3-month Libor rate held steady at 1.12%. Overnight Libor rose to 0.19% from 0.14%. Libor is a bank-to-bank lending rate.
US light crude oil for March delivery rose $2.71 to settle at $43.55 a barrel on the New York Mercantile Exchange. Gasoline prices rose one-half of a cent to a national average of $1.848 a gallon.
The dollar fell against the euro and the yen. COMEX gold for February delivery fell $5.10 to settle at $850.10 an ounce.
Banks dropped again in Europe on Tuesday, weighing on the broader market. The pan-European Dow Jones Stoxx 600 index declined 2.1% to 185.70, as the banking sector tanked 7.3%.
The French CAC-40 index declined 2.2% to 2,925.28, while Germany's DAX 30 index fell 1.8% to 4,239.85 and the UK's FTSE 100 index closed down 0.4% to 4,091.40.
Indian market extended losses to third straight trading session on Wednesday as a sell off in the equity markets across the globe triggered a broad-based selling on the Indian bourse. The slide was led by metal, banking, oil & gas, realty and IT stocks.
The BSE benchmark Sensex lost 321 points to close at 8,779 and the NSE Nifty lost 90 points to close at 2,706.
Among the 30-components of Sensex, 28 stocks ended in the red and only 2 stocks ended in the positive terrain. Among the major losers in Sensex were Reliance Industries, Bharti, ICICI Bank, HDFC and Infosys.
Bucking the negative trend were Hindustan Unilever and ITC.
Shares of Educomp plunged by over 22% to Rs1534 after reports surfaced that the company may have fabricated its accounts overstating its turnover and profits to boost its shares and the promoters exited when stock prices reached its peak.
The company said that it has lodged a complaint with the police to investigate "malicious emails" and rumors about the company.
The stock had hit 52-week high of Rs4,860 on January 21, 2008 and a 52-week low of Rs1,376 on January 21, 2009.
Shares of Wipro have slipped by 3.5% to Rs219 after the company announced its consolidated results for third quarter missing market estimates. The company posted net profit of Rs10.04bn against Rs9.70bn in the July to September quarter.
Net sales were at Rs66.34bn against Rs65.20bn in the second quarter. The scrip touched an intra-day high of Rs224 and a low of Rs215 and recorded volumes of over 7,00,000 shares on BSE.
Shares of Dr. Reddy’s Lab slipped by 4% to close at Rs444. The company announced its Q3 results posting net profit from a loss a year earlier. Net income for the quarter ended Dec. 31 was Rs1.92bn. The scrip touched an intra-day high of Rs467 and a low of Rs442 and recorded volumes of over 72,000 shares on BSE.
Shares of Hero Honda advanced by a percent to Rs839 after the company announced a better-than-estimated 9.1% gain in third-quarter profit. Net income rose to Rs3bn. The scrip touched an intra-day high of Rs848 and a low of Rs830 and recorded volumes of over 1,00,000 shares on BSE.
Shares of Indian Bank gained by 0.2% to Rs124 after the company’s net profit rose by 14% to Rs3,507.02mn for the quarter ended December 31, 2008 as compared to Rs3,075.04mn for the quarter ended December 31, 2007.
Total Income increased from Rs16,760mn for the quarter ended December 31, 2007 to Rs20,713.72mn for the quarter ended December 31, 2008. The scrip touched an intra-day high of Rs129 and a low of Rs123 and recorded volumes of over 2,00,000 shares on BSE.
Madras Aluminium was locked at 5% upper circuit to Rs62.10 after reports stated that Vedanta Resources Plc is planning to buyback the remaining 20% stake held by the public in Madras Aluminium Ltd. The scrip touched an intra-day high of Rs62.10 and a low of Rs62.1 and recorded volumes of over 4,000 shares on BSE.
Market mood would continue to remain jittery ahead of the important results to be announced on Thursday. Also weekly inflation data to be released would effect the market sentiments.
Precious metals end mixed again
Gold drops today but silver rises
After two successive sessions of rise, gold prices ended lower on Wednesday, 21 January, 2009. Prices fell due to the strong dollar. 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 and also vice versa. But silver prices dropped.
On Wednesday, Comex Gold for February delivery fell $5.1 (0.6%) to close at $850.1 an ounce on the New York Mercantile Exchange. Earlier, prices fell to a low of $843. Last week, gold prices ended down by 1.8%. This year gold has lost 4.1% till date. On 17 March, 2008 prices had skyrocketed to a high of $1,034/ounce. But prices have dropped significantly (20%) since then.
On Wednesday, Comex silver futures for March delivery gained 15 cents (1.3%) to end at $11.325 an ounce. Last week, silver has lost 10.5 cents. For 2008, silver had lost 24%.
At the currency market on Wednesday, the dollar index remained relatively unchanged after gaining almost 2% yesterday.
In 2008, gold prices ended higher by 5.5%. The dollar index had gained 12% that year.
Last year, the weakening dollar and higher global demand for raw materials had led to records for commodities including gold. Gold reached a record in March 2008 as a U.S. housing slump and credit crisis spurred the Federal Reserve to slash borrowing costs. In the last move, the Federal Reserve has cuts its target bank lending rate to 0.25% from 5.25% in September, 2007. The Fed did it in nine steps.
Prior to 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. Silver had climbed 16% in FY 2007. In 2006, silver had jumped 46% while gold gained 23%.
At the MCX, gold prices for February delivery closed lower by Rs 33 (0.24%) at Rs 13,460 per 10 grams. Prices rose to a high of Rs 13,648 per 10 grams and fell to a low of Rs 13,337 per 10 grams during the day's trading.
At the MCX, silver prices for March delivery closed Rs 123 (0.7%) higher at Rs 18,567/Kg. Prices opened at Rs 18,441/kg and rose to a high of Rs 18,835/Kg during the day's trading.
Crude shoots up
Prices rise by another 6% on stimulus plan
Crude oil prices shot up substantially on Wednesday, 21 January, 2009. Prices rose as traders anticipated that new President Barack Obama would soon implement a new stimulus package for $850 billion which would in turn increase energy demand in the coming months. Prices were also volatile as traders moved their positions to cover the March positions as it was the first day of trading for the March contract.
On Wednesday, crude-oil futures for light sweet crude for March delivery closed at $43.55/barrel (higher by $2.71 or 6.6%) on the New York Mercantile Exchange. Last week, crude prices shed 10.6%.
Prices reached a high of $147 on 11 July but have dropped almost 68% since then. Year to date, in 2009, crude prices are lower by 12.5%. On a yearly basis, crude prices are lower by 52%.
Earlier last week, in its monthly report, OPEC announced that oil consumption will drop for the second consecutive year in 2009. As per the report, oil consumption is expected to fall 200,000 barrels a day this year. Consumption declined 100,000 last year, the first year of negative growth since 1983, the cartel, which controls about a third of the world's oil production.
Crude prices had ended FY 2008 lower by 54%, the largest yearly loss since trading began at Nymex.
OPEC has been trying to cut production consistently in order to step up prices from their current low levels.
Against this background, March reformulated gasoline rose 3 cents to $1.20 a gallon and March heating oil added 1 cent to $1.38 a gallon.
February natural-gas futures rose 14 cents to end at $4.78 per million British thermal units.
At the MCX, crude oil for February delivery closed at Rs 2,093/barrel, higher by Rs 61 (3%) against previous day's close. Natural gas for January delivery closed at Rs 235.9/mmbtu, higher by Rs 4.4/mmbtu (1.9%).
Energy traders will have to wait another day for the latest government data on U.S. petroleum stockpiles. The Energy Information Administration will report its latest data at 11 a.m. Eastern time on Thursday, a day late because of Martin Luther King Jr. Day on Monday, 19 January, 2009.
Companies which have pledged shares
| 2.32% | Indiabulls Finance | 7th Jan | |
| 8% | India Infoline | 20th Oct | |
| 10.30% | ECL Finance | 4th Nov | |
| 6.24% | Rapid Estate Pvt | 30th Sept | |
| 5.09% | ECL Finance | 27th Oct | |
| 0.78% | Kotak Mahindra Prime | 25th Oct | |
| 10.27% | IDBI Trustee | 29th Oct | |
| 7.50% | ECL Finance | - | |
| 10.05% | United Phos | 5th Sept | |
| 13.72% | Bank Sarasin | 1th Sept 2007 | |
| 5.39% | ECL Finance | Mar'07-Sept'08 | |
| 7.74% | India Infoline | 17th Sept | |
| 5.18% | ECL Finance | June-Aug'08 | |
| 2.32% | Indiabulls Finance | 7th Jana | |
| 20.02% | Carburettors | 15th July | |
| 26% | IL&FS | - | |
| 9.90% | India Infoline | June'08 | |
| 13.34% | JM Financial | 4th June | |
| 9.75% | Motilal Oswal | 28th May | |
| 8.23% | Indiabulls Finance | 22nd April | |
| 9.54% | IL&FS | 9th Jan 2007 | |
| 12.30% | Cholamandalam | 4th April | |
| 14.09% | Indiabulls Finance | 24th Mar | |
| 7.86% | IDBI Trustee | 27th March | |
| 10.34% | IDBI Trustee | 24th Mar | |
| 8.72% | ABS Reddy | 26th Feb | |
| 14.40% | Indiabulls Finance | 4th Feb |
Subscribe to:
Posts (Atom)